- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 0.35 | 0.0 | -2.78 | 31.33 | -0.57 | 5.38 | 7.35 | 11.36 | -4.17 | 6.55 | 5.99 | -20.22 | 5.14 | -11.53 | -19.94 | 2.21 | -3.91 | -17.23 | 1.13 | -11.72 | -22.6 | 0.20 | 5.26 | 0.0 | 8.70 | 1.28 | -16.18 | 115.03 | 3.18 | 14.02 | 111.11 | 4.58 | 16.67 | -11.11 | -77.78 | -333.33 | 25.53 | -4.7 | 2.12 |
| 24Q2 (19) | 0.35 | 94.44 | 133.33 | 31.51 | 11.42 | 8.47 | 6.60 | 114.29 | 66.67 | 6.18 | 45.07 | 25.35 | 5.81 | 101.74 | 84.44 | 2.30 | 119.05 | 96.58 | 1.28 | 82.86 | 85.51 | 0.19 | 0.0 | 5.56 | 8.59 | 20.82 | 17.67 | 111.49 | 9.05 | 5.71 | 106.25 | 51.79 | 29.86 | -6.25 | -120.83 | -134.38 | 26.79 | -5.97 | -0.22 |
| 24Q1 (18) | 0.18 | 100.0 | -40.0 | 28.28 | 2.09 | -3.28 | 3.08 | -20.21 | -53.96 | 4.26 | 114.07 | -36.98 | 2.88 | 102.82 | -46.77 | 1.05 | 110.0 | -51.39 | 0.70 | 66.67 | -41.18 | 0.19 | 5.56 | -5.0 | 7.11 | 47.51 | -17.9 | 102.24 | 15.73 | 6.68 | 70.00 | -61.11 | -30.0 | 30.00 | 137.5 | 0 | 28.49 | 17.19 | 13.78 |
| 23Q4 (17) | 0.09 | -75.0 | -77.5 | 27.70 | -6.83 | -12.62 | 3.86 | -49.67 | -56.63 | 1.99 | -75.76 | -72.4 | 1.42 | -77.88 | -75.3 | 0.50 | -81.27 | -81.06 | 0.42 | -71.23 | -69.78 | 0.18 | -10.0 | -21.74 | 4.82 | -53.56 | -47.15 | 88.34 | -12.44 | -9.9 | 180.00 | 89.0 | 51.2 | -80.00 | -1780.0 | -236.0 | 24.31 | -2.76 | 12.7 |
| 23Q3 (16) | 0.36 | 140.0 | -34.55 | 29.73 | 2.34 | -2.17 | 7.67 | 93.69 | 1.86 | 8.21 | 66.53 | -30.66 | 6.42 | 103.81 | -32.21 | 2.67 | 128.21 | -35.19 | 1.46 | 111.59 | -30.14 | 0.20 | 11.11 | -4.76 | 10.38 | 42.19 | -24.73 | 100.89 | -4.34 | -7.92 | 95.24 | 16.4 | 47.62 | 4.76 | -73.81 | -86.58 | 25.00 | -6.89 | -1.07 |
| 23Q2 (15) | 0.15 | -50.0 | -71.7 | 29.05 | -0.65 | -6.41 | 3.96 | -40.81 | -61.85 | 4.93 | -27.07 | -57.17 | 3.15 | -41.77 | -61.21 | 1.17 | -45.83 | -69.29 | 0.69 | -42.02 | -66.34 | 0.18 | -10.0 | -25.0 | 7.30 | -15.7 | -43.63 | 105.47 | 10.05 | 5.03 | 81.82 | -18.18 | -9.72 | 18.18 | 0 | 93.94 | 26.85 | 7.23 | 19.44 |
| 23Q1 (14) | 0.30 | -25.0 | -6.25 | 29.24 | -7.76 | 7.78 | 6.69 | -24.83 | 32.48 | 6.76 | -6.24 | -3.57 | 5.41 | -5.91 | -3.57 | 2.16 | -18.18 | -7.69 | 1.19 | -14.39 | -9.85 | 0.20 | -13.04 | -13.04 | 8.66 | -5.04 | -2.81 | 95.84 | -2.25 | 15.32 | 100.00 | -16.0 | 41.67 | 0.00 | 100.0 | -100.0 | 25.04 | 16.09 | 2.04 |
| 22Q4 (13) | 0.40 | -27.27 | 8.11 | 31.70 | 4.31 | 38.79 | 8.90 | 18.19 | 114.46 | 7.21 | -39.1 | 30.38 | 5.75 | -39.28 | 5.5 | 2.64 | -35.92 | -7.04 | 1.39 | -33.49 | -12.58 | 0.23 | 9.52 | -17.86 | 9.12 | -33.87 | 33.72 | 98.05 | -10.51 | 13.16 | 119.05 | 84.52 | 55.68 | -23.81 | -167.1 | -201.19 | 21.57 | -14.64 | 11.82 |
| 22Q3 (12) | 0.55 | 3.77 | 358.33 | 30.39 | -2.09 | 3.12 | 7.53 | -27.46 | 100.8 | 11.84 | 2.87 | 122.14 | 9.47 | 16.63 | 245.62 | 4.12 | 8.14 | 343.01 | 2.09 | 1.95 | 266.67 | 0.21 | -12.5 | 10.53 | 13.79 | 6.49 | 85.6 | 109.57 | 9.11 | 30.39 | 64.52 | -28.81 | -11.29 | 35.48 | 278.49 | 30.11 | 25.27 | 12.41 | -13.1 |
| 22Q2 (11) | 0.53 | 65.62 | 253.33 | 31.04 | 14.41 | 8.27 | 10.38 | 105.54 | 160.15 | 11.51 | 64.19 | 213.62 | 8.12 | 44.74 | 178.08 | 3.81 | 62.82 | 277.23 | 2.05 | 55.3 | 225.4 | 0.24 | 4.35 | 20.0 | 12.95 | 45.34 | 122.13 | 100.42 | 20.83 | 26.52 | 90.62 | 28.39 | -9.38 | 9.38 | -68.12 | 175.0 | 22.48 | -8.39 | -16.28 |
| 22Q1 (10) | 0.32 | -13.51 | 100.0 | 27.13 | 18.78 | 0.0 | 5.05 | 21.69 | 20.53 | 7.01 | 26.76 | 65.33 | 5.61 | 2.94 | 65.98 | 2.34 | -17.61 | 88.71 | 1.32 | -16.98 | 73.68 | 0.23 | -17.86 | 9.52 | 8.91 | 30.65 | 47.27 | 83.11 | -4.09 | 12.57 | 70.59 | -7.69 | -29.41 | 29.41 | 25.0 | 0 | 24.54 | 27.22 | -4.14 |
| 21Q4 (9) | 0.37 | 208.33 | 54.17 | 22.84 | -22.5 | -17.22 | 4.15 | 10.67 | -23.29 | 5.53 | 3.75 | 0.18 | 5.45 | 98.91 | 24.71 | 2.84 | 205.38 | 70.06 | 1.59 | 178.95 | 55.88 | 0.28 | 47.37 | 27.27 | 6.82 | -8.21 | -5.41 | 86.65 | 3.12 | 16.39 | 76.47 | 5.15 | -23.53 | 23.53 | -13.73 | 0 | 19.29 | -33.67 | -19.63 |
| 21Q3 (8) | 0.12 | -20.0 | 100.0 | 29.47 | 2.79 | 14.09 | 3.75 | -6.02 | 64.47 | 5.33 | 45.23 | 171.94 | 2.74 | -6.16 | 74.52 | 0.93 | -7.92 | 72.22 | 0.57 | -9.52 | 50.0 | 0.19 | -5.0 | -5.0 | 7.43 | 27.44 | 83.91 | 84.03 | 5.87 | 17.59 | 72.73 | -27.27 | -41.82 | 27.27 | 318.18 | 209.09 | 29.08 | 8.31 | 17.4 |
| 21Q2 (7) | 0.15 | -6.25 | -11.76 | 28.67 | 5.68 | 11.69 | 3.99 | -4.77 | -6.78 | 3.67 | -13.44 | -19.87 | 2.92 | -13.61 | -18.21 | 1.01 | -18.55 | -21.71 | 0.63 | -17.11 | -22.22 | 0.20 | -4.76 | -4.76 | 5.83 | -3.64 | -6.27 | 79.37 | 7.5 | 1.28 | 100.00 | 0.0 | 11.11 | -12.50 | 0 | -225.0 | 26.85 | 4.88 | 0 |
| 21Q1 (6) | 0.16 | -33.33 | 0.0 | 27.13 | -1.67 | 5.2 | 4.19 | -22.55 | -1.18 | 4.24 | -23.19 | -5.78 | 3.38 | -22.65 | -6.11 | 1.24 | -25.75 | -1.59 | 0.76 | -25.49 | -7.32 | 0.21 | -4.55 | 0.0 | 6.05 | -16.09 | -5.47 | 73.83 | -0.83 | 14.06 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | -100.0 | 25.60 | 6.67 | 7.34 |
| 20Q4 (5) | 0.24 | 300.0 | 50.0 | 27.59 | 6.81 | 2.95 | 5.41 | 137.28 | 5.66 | 5.52 | 181.63 | 26.9 | 4.37 | 178.34 | 26.67 | 1.67 | 209.26 | 39.17 | 1.02 | 168.42 | 29.11 | 0.22 | 10.0 | 4.76 | 7.21 | 78.47 | 20.77 | 74.45 | 4.18 | 17.71 | 100.00 | -20.0 | -10.0 | 0.00 | 100.0 | 100.0 | 24.00 | -3.11 | 1.61 |
| 20Q3 (4) | 0.06 | -64.71 | 0.0 | 25.83 | 0.62 | 0.0 | 2.28 | -46.73 | 0.0 | 1.96 | -57.21 | 0.0 | 1.57 | -56.02 | 0.0 | 0.54 | -58.14 | 0.0 | 0.38 | -53.09 | 0.0 | 0.20 | -4.76 | 0.0 | 4.04 | -35.05 | 0.0 | 71.46 | -8.82 | 0.0 | 125.00 | 38.89 | 0.0 | -25.00 | -350.0 | 0.0 | 24.77 | 0 | 0.0 |
| 20Q2 (3) | 0.17 | 6.25 | 0.0 | 25.67 | -0.47 | 0.0 | 4.28 | 0.94 | 0.0 | 4.58 | 1.78 | 0.0 | 3.57 | -0.83 | 0.0 | 1.29 | 2.38 | 0.0 | 0.81 | -1.22 | 0.0 | 0.21 | 0.0 | 0.0 | 6.22 | -2.81 | 0.0 | 78.37 | 21.07 | 0.0 | 90.00 | -10.0 | 0.0 | 10.00 | -10.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.16 | 0.0 | 0.0 | 25.79 | -3.77 | 0.0 | 4.24 | -17.19 | 0.0 | 4.50 | 3.45 | 0.0 | 3.60 | 4.35 | 0.0 | 1.26 | 5.0 | 0.0 | 0.82 | 3.8 | 0.0 | 0.21 | 0.0 | 0.0 | 6.40 | 7.2 | 0.0 | 64.73 | 2.34 | 0.0 | 100.00 | -10.0 | 0.0 | 11.11 | 150.0 | 0.0 | 23.85 | 0.97 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 26.80 | 0.0 | 0.0 | 5.12 | 0.0 | 0.0 | 4.35 | 0.0 | 0.0 | 3.45 | 0.0 | 0.0 | 1.20 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 5.97 | 0.0 | 0.0 | 63.25 | 0.0 | 0.0 | 111.11 | 0.0 | 0.0 | -22.22 | 0.0 | 0.0 | 23.62 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 0.90 | -50.0 | 28.97 | -3.95 | 5.64 | -30.02 | 1.44 | 18.53 | 5.59 | -40.6 | 4.21 | -41.85 | 6.40 | -49.69 | 3.83 | -44.49 | 0.79 | -13.19 | 8.01 | -27.84 | 88.34 | -9.9 | 100.00 | 17.44 | 0.00 | 0 | 0.16 | 103.43 | 25.29 | 8.12 |
| 2022 (9) | 1.80 | 125.0 | 30.16 | 13.55 | 8.06 | 99.5 | 1.21 | -13.06 | 9.41 | 96.86 | 7.24 | 89.53 | 12.72 | 109.9 | 6.90 | 92.74 | 0.91 | 3.41 | 11.10 | 69.47 | 98.05 | 13.16 | 85.15 | 0.83 | 13.86 | -10.89 | 0.08 | 0 | 23.39 | -4.73 |
| 2021 (8) | 0.80 | 29.03 | 26.56 | -0.08 | 4.04 | -2.65 | 1.39 | 4.11 | 4.78 | 12.74 | 3.82 | 13.69 | 6.06 | 27.85 | 3.58 | 17.76 | 0.88 | 4.76 | 6.55 | 9.72 | 86.65 | 16.39 | 84.44 | -13.07 | 15.56 | 444.44 | 0.00 | 0 | 24.55 | 0.49 |
| 2020 (7) | 0.62 | 1.64 | 26.58 | 5.35 | 4.15 | -9.19 | 1.34 | 17.61 | 4.24 | -10.74 | 3.36 | -5.88 | 4.74 | -2.67 | 3.04 | -9.25 | 0.84 | -3.45 | 5.97 | -5.69 | 74.45 | 17.71 | 97.14 | 2.54 | 2.86 | 8.57 | 0.00 | 0 | 24.43 | 8.34 |
| 2019 (6) | 0.61 | 64.86 | 25.23 | 13.29 | 4.57 | 134.36 | 1.14 | 35.19 | 4.75 | 112.05 | 3.57 | 70.0 | 4.87 | 90.98 | 3.35 | 78.19 | 0.87 | 7.41 | 6.33 | 87.83 | 63.25 | 29.56 | 94.74 | 8.27 | 2.63 | -78.95 | 0.00 | 0 | 22.55 | 5.03 |
| 2018 (5) | 0.37 | 68.18 | 22.27 | 1.78 | 1.95 | 13.37 | 0.84 | -14.41 | 2.24 | 28.0 | 2.10 | 61.54 | 2.55 | 62.42 | 1.88 | 52.85 | 0.81 | 3.85 | 3.37 | 9.06 | 48.82 | -9.22 | 87.50 | -12.5 | 12.50 | 0 | 0.00 | 0 | 21.47 | -0.51 |
| 2017 (4) | 0.22 | -4.35 | 21.88 | 2.43 | 1.72 | 59.26 | 0.98 | 2.53 | 1.75 | -0.57 | 1.30 | -23.08 | 1.57 | -24.88 | 1.23 | -20.65 | 0.78 | -1.27 | 3.09 | 2.32 | 53.78 | -1.21 | 100.00 | 62.5 | 0.00 | 0 | 0.00 | 0 | 21.58 | 6.2 |
| 2016 (3) | 0.23 | 283.33 | 21.36 | 4.14 | 1.08 | 1442.86 | 0.96 | -21.48 | 1.76 | 87.23 | 1.69 | 128.38 | 2.09 | 124.73 | 1.55 | 47.62 | 0.79 | -1.25 | 3.02 | 5.96 | 54.44 | -10.11 | 61.54 | 330.77 | 38.46 | -55.13 | 0.00 | 0 | 20.32 | 3.83 |
| 2015 (2) | 0.06 | 0 | 20.51 | 17.6 | 0.07 | 0 | 1.22 | -22.25 | 0.94 | 0 | 0.74 | 0 | 0.93 | 0 | 1.05 | 0 | 0.80 | -10.11 | 2.85 | 0 | 60.56 | 10.21 | 14.29 | -88.1 | 85.71 | 0 | 0.00 | 0 | 19.57 | 3.99 |
| 2014 (1) | -0.43 | 0 | 17.44 | 0 | -2.32 | 0 | 1.57 | 17.69 | -1.98 | 0 | -2.02 | 0 | -2.60 | 0 | -1.48 | 0 | 0.89 | -21.93 | 0.00 | 0 | 54.95 | 68.87 | 120.00 | 0 | -20.00 | 0 | 0.00 | 0 | 18.82 | 19.49 |
