- 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) | 0.64 | 48.84 | -17.95 | 27.67 | 0.73 | -4.12 | 8.10 | -2.17 | -6.79 | 9.99 | 6.96 | -36.65 | 8.00 | 5.26 | -41.13 | 3.37 | 15.81 | -34.05 | 1.91 | 3.24 | -35.91 | 0.24 | 0.0 | 14.29 | 10.99 | 5.67 | -36.73 | 108.38 | 99.37 | 80.78 | 82.86 | -6.45 | 49.68 | 20.00 | 75.0 | -55.2 | 13.96 | -1.27 | -5.36 |
| 24Q2 (19) | 0.43 | 16.22 | 2.38 | 27.47 | -3.44 | -2.42 | 8.28 | 4.02 | -10.78 | 9.34 | 3.43 | -7.8 | 7.60 | 4.68 | 1.06 | 2.91 | 20.25 | 0.69 | 1.85 | 14.2 | 20.92 | 0.24 | 9.09 | 20.0 | 10.40 | 3.69 | -10.58 | 54.36 | -10.46 | -41.79 | 88.57 | 1.69 | -3.13 | 11.43 | -11.43 | 33.33 | 14.14 | -9.24 | 1.87 |
| 24Q1 (18) | 0.37 | -22.92 | -13.95 | 28.45 | 0.0 | 3.04 | 7.96 | -12.62 | -11.95 | 9.03 | -13.84 | -5.35 | 7.26 | -13.57 | -5.35 | 2.42 | -16.84 | -17.97 | 1.62 | -16.92 | 1.89 | 0.22 | -4.35 | 10.0 | 10.03 | -12.63 | -8.15 | 60.71 | 49.27 | -38.98 | 87.10 | 0.71 | -7.28 | 12.90 | -4.52 | 112.9 | 15.58 | 9.49 | 11.29 |
| 23Q4 (17) | 0.48 | -38.46 | -33.33 | 28.45 | -1.42 | 7.68 | 9.11 | 4.83 | -26.18 | 10.48 | -33.54 | -15.96 | 8.40 | -38.19 | -24.26 | 2.91 | -43.05 | -40.73 | 1.95 | -34.56 | -23.53 | 0.23 | 9.52 | 4.55 | 11.48 | -33.91 | -16.93 | 40.67 | -32.16 | -55.0 | 86.49 | 56.23 | -11.75 | 13.51 | -69.73 | 575.68 | 14.23 | -3.53 | 46.55 |
| 23Q3 (16) | 0.78 | 85.71 | 50.0 | 28.86 | 2.52 | 16.23 | 8.69 | -6.36 | -6.76 | 15.77 | 55.68 | 58.97 | 13.59 | 80.72 | 69.45 | 5.11 | 76.82 | 37.0 | 2.98 | 94.77 | 64.64 | 0.21 | 5.0 | -4.55 | 17.37 | 49.36 | 57.48 | 59.95 | -35.8 | -44.57 | 55.36 | -39.45 | -40.15 | 44.64 | 420.83 | 792.86 | 14.75 | 6.27 | 35.45 |
| 23Q2 (15) | 0.42 | -2.33 | 13.51 | 28.15 | 1.96 | 29.19 | 9.28 | 2.65 | 57.82 | 10.13 | 6.18 | 57.54 | 7.52 | -1.96 | 44.89 | 2.89 | -2.03 | 5.47 | 1.53 | -3.77 | 18.6 | 0.20 | 0.0 | -16.67 | 11.63 | 6.5 | 54.65 | 93.38 | -6.15 | -21.31 | 91.43 | -2.67 | -1.54 | 8.57 | 41.43 | 20.0 | 13.88 | -0.86 | 17.23 |
| 23Q1 (14) | 0.43 | -40.28 | 86.96 | 27.61 | 4.5 | 22.66 | 9.04 | -26.74 | 139.79 | 9.54 | -23.5 | 108.3 | 7.67 | -30.84 | 135.28 | 2.95 | -39.92 | 79.88 | 1.59 | -37.65 | 96.3 | 0.20 | -9.09 | -13.04 | 10.92 | -20.98 | 97.11 | 99.50 | 10.1 | -20.39 | 93.94 | -4.14 | 17.42 | 6.06 | 203.03 | -59.6 | 14.00 | 44.18 | 13.27 |
| 22Q4 (13) | 0.72 | 38.46 | 148.28 | 26.42 | 6.4 | 25.87 | 12.34 | 32.4 | 175.45 | 12.47 | 25.71 | 172.27 | 11.09 | 38.28 | 200.54 | 4.91 | 31.64 | 147.98 | 2.55 | 40.88 | 160.2 | 0.22 | 0.0 | -12.0 | 13.82 | 25.29 | 146.35 | 90.37 | -16.45 | -16.2 | 98.00 | 5.95 | -2.0 | 2.00 | -60.0 | 0 | 9.71 | -10.84 | -22.01 |
| 22Q3 (12) | 0.52 | 40.54 | 36.84 | 24.83 | 13.95 | 12.45 | 9.32 | 58.5 | 156.04 | 9.92 | 54.28 | 66.72 | 8.02 | 54.53 | 55.73 | 3.73 | 36.13 | 41.83 | 1.81 | 40.31 | 48.36 | 0.22 | -8.33 | 0.0 | 11.03 | 46.68 | 55.35 | 108.16 | -8.86 | -15.26 | 92.50 | -0.38 | 56.09 | 5.00 | -30.0 | -86.5 | 10.89 | -8.02 | -23.58 |
| 22Q2 (11) | 0.37 | 60.87 | -28.85 | 21.79 | -3.2 | -1.8 | 5.88 | 55.97 | -16.48 | 6.43 | 40.39 | -24.26 | 5.19 | 59.2 | -24.45 | 2.74 | 67.07 | -28.27 | 1.29 | 59.26 | -27.12 | 0.24 | 4.35 | -4.0 | 7.52 | 35.74 | -21.42 | 118.67 | -5.05 | -8.35 | 92.86 | 16.07 | 12.55 | 7.14 | -52.38 | -59.18 | 11.84 | -4.21 | 8.92 |
| 22Q1 (10) | 0.23 | -20.69 | -48.89 | 22.51 | 7.24 | -4.21 | 3.77 | -15.85 | -49.67 | 4.58 | 0.0 | -41.95 | 3.26 | -11.65 | -48.42 | 1.64 | -17.17 | -48.75 | 0.81 | -17.35 | -50.0 | 0.23 | -8.0 | -8.0 | 5.54 | -1.25 | -38.03 | 124.98 | 15.89 | 7.15 | 80.00 | -20.0 | -17.58 | 15.00 | 0 | 155.0 | 12.36 | -0.72 | 5.55 |
| 21Q4 (9) | 0.29 | -23.68 | -30.95 | 20.99 | -4.94 | -13.16 | 4.48 | 23.08 | -30.33 | 4.58 | -23.03 | -31.02 | 3.69 | -28.35 | -31.79 | 1.98 | -24.71 | -33.56 | 0.98 | -19.67 | -36.36 | 0.25 | 13.64 | -7.41 | 5.61 | -20.99 | -26.57 | 107.84 | -15.51 | 18.66 | 100.00 | 68.75 | 3.45 | 0.00 | -100.0 | -100.0 | 12.45 | -12.63 | -6.81 |
| 21Q3 (8) | 0.38 | -26.92 | -44.12 | 22.08 | -0.5 | -15.47 | 3.64 | -48.3 | -53.81 | 5.95 | -29.92 | -44.44 | 5.15 | -25.04 | -43.9 | 2.63 | -31.15 | -49.42 | 1.22 | -31.07 | -49.38 | 0.22 | -12.0 | -12.0 | 7.10 | -25.81 | -39.26 | 127.63 | -1.43 | 4.75 | 59.26 | -28.17 | -20.37 | 37.04 | 111.64 | 44.78 | 14.25 | 31.09 | 2.59 |
| 21Q2 (7) | 0.52 | 15.56 | -13.33 | 22.19 | -5.57 | -20.29 | 7.04 | -6.01 | -35.06 | 8.49 | 7.6 | -25.66 | 6.87 | 8.7 | -25.0 | 3.82 | 19.37 | -17.14 | 1.77 | 9.26 | -21.33 | 0.25 | 0.0 | 4.17 | 9.57 | 7.05 | -23.01 | 129.48 | 11.01 | 3.63 | 82.50 | -15.0 | -13.38 | 17.50 | 197.5 | 267.5 | 10.87 | -7.17 | 0 |
| 21Q1 (6) | 0.45 | 7.14 | 0.0 | 23.50 | -2.77 | -13.54 | 7.49 | 16.49 | -18.5 | 7.89 | 18.83 | -17.81 | 6.32 | 16.82 | -18.03 | 3.20 | 7.38 | -5.6 | 1.62 | 5.19 | -11.96 | 0.25 | -7.41 | 8.7 | 8.94 | 17.02 | -16.6 | 116.64 | 28.35 | 17.72 | 97.06 | 0.41 | 0.09 | 5.88 | 76.47 | 94.12 | 11.71 | -12.35 | 0 |
| 20Q4 (5) | 0.42 | -38.24 | -20.75 | 24.17 | -7.47 | -5.77 | 6.43 | -18.4 | -33.09 | 6.64 | -38.0 | -33.13 | 5.41 | -41.07 | -34.1 | 2.98 | -42.69 | -23.98 | 1.54 | -36.1 | -28.7 | 0.27 | 8.0 | 8.0 | 7.64 | -34.64 | -31.05 | 90.88 | -25.41 | 5.87 | 96.67 | 29.9 | 2.04 | 3.33 | -86.97 | 26.67 | 13.36 | -3.82 | 11.33 |
| 20Q3 (4) | 0.68 | 13.33 | 0.0 | 26.12 | -6.18 | 0.0 | 7.88 | -27.31 | 0.0 | 10.71 | -6.22 | 0.0 | 9.18 | 0.22 | 0.0 | 5.20 | 12.8 | 0.0 | 2.41 | 7.11 | 0.0 | 0.25 | 4.17 | 0.0 | 11.69 | -5.95 | 0.0 | 121.84 | -2.48 | 0.0 | 74.42 | -21.86 | 0.0 | 25.58 | 437.21 | 0.0 | 13.89 | 0 | 0.0 |
| 20Q2 (3) | 0.60 | 33.33 | 0.0 | 27.84 | 2.43 | 0.0 | 10.84 | 17.95 | 0.0 | 11.42 | 18.96 | 0.0 | 9.16 | 18.81 | 0.0 | 4.61 | 35.99 | 0.0 | 2.25 | 22.28 | 0.0 | 0.24 | 4.35 | 0.0 | 12.43 | 15.95 | 0.0 | 124.94 | 26.1 | 0.0 | 95.24 | -1.79 | 0.0 | 4.76 | 57.14 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.45 | -15.09 | 0.0 | 27.18 | 5.96 | 0.0 | 9.19 | -4.37 | 0.0 | 9.60 | -3.32 | 0.0 | 7.71 | -6.09 | 0.0 | 3.39 | -13.52 | 0.0 | 1.84 | -14.81 | 0.0 | 0.23 | -8.0 | 0.0 | 10.72 | -3.25 | 0.0 | 99.08 | 15.42 | 0.0 | 96.97 | 2.36 | 0.0 | 3.03 | 15.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 25.65 | 0.0 | 0.0 | 9.61 | 0.0 | 0.0 | 9.93 | 0.0 | 0.0 | 8.21 | 0.0 | 0.0 | 3.92 | 0.0 | 0.0 | 2.16 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 11.08 | 0.0 | 0.0 | 85.84 | 0.0 | 0.0 | 94.74 | 0.0 | 0.0 | 2.63 | 0.0 | 0.0 | 12.00 | 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) | 2.08 | 13.66 | 28.27 | 18.73 | 9.03 | 17.27 | 0.93 | 18.79 | 11.51 | 40.02 | 9.32 | 37.67 | 13.17 | 6.04 | 8.28 | 27.58 | 0.86 | -6.52 | 12.88 | 37.75 | 40.67 | -55.0 | 78.40 | -16.09 | 21.60 | 228.88 | 0.00 | 0 | 14.22 | 26.51 |
| 2022 (9) | 1.83 | 11.59 | 23.81 | 7.45 | 7.70 | 36.52 | 0.78 | 10.19 | 8.22 | 22.69 | 6.77 | 23.32 | 12.42 | 11.09 | 6.49 | 10.56 | 0.92 | -9.8 | 9.35 | 20.18 | 90.37 | -16.2 | 93.43 | 10.5 | 6.57 | -57.47 | 0.00 | 0 | 11.24 | -8.69 |
| 2021 (8) | 1.64 | -22.64 | 22.16 | -15.42 | 5.64 | -33.33 | 0.71 | 0.32 | 6.70 | -29.25 | 5.49 | -29.34 | 11.18 | -21.05 | 5.87 | -24.84 | 1.02 | 5.15 | 7.78 | -26.81 | 107.84 | 18.66 | 84.55 | -5.2 | 15.45 | 42.89 | 0.00 | 0 | 12.31 | -7.16 |
| 2020 (7) | 2.12 | 21.14 | 26.20 | 4.09 | 8.46 | -1.74 | 0.70 | 12.12 | 9.47 | 7.86 | 7.77 | 8.07 | 14.16 | 7.03 | 7.81 | 9.23 | 0.97 | 2.11 | 10.63 | 7.92 | 90.88 | 5.87 | 89.19 | -8.64 | 10.81 | 354.05 | 0.00 | 0 | 13.26 | 7.02 |
| 2019 (6) | 1.75 | 60.55 | 25.17 | 10.01 | 8.61 | 82.03 | 0.63 | 32.88 | 8.78 | 92.12 | 7.19 | 65.29 | 13.23 | 49.83 | 7.15 | 55.1 | 0.95 | -2.06 | 9.85 | 75.58 | 85.84 | -16.33 | 97.62 | -5.17 | 2.38 | 0 | 0.00 | 0 | 12.39 | 1.47 |
| 2018 (5) | 1.09 | 67.69 | 22.88 | 4.0 | 4.73 | 57.14 | 0.47 | -15.34 | 4.57 | 88.84 | 4.35 | 80.5 | 8.83 | 59.39 | 4.61 | 64.64 | 0.97 | -2.02 | 5.61 | 61.21 | 102.59 | -13.23 | 102.94 | -16.36 | -2.94 | 0 | 0.00 | 0 | 12.21 | -5.5 |
| 2017 (4) | 0.65 | -53.24 | 22.00 | 2.18 | 3.01 | -24.94 | 0.56 | 5.15 | 2.42 | -50.61 | 2.41 | -50.41 | 5.54 | -56.21 | 2.80 | -46.56 | 0.99 | 1.02 | 3.48 | -42.19 | 118.23 | -19.16 | 123.08 | 50.23 | -23.08 | 0 | 0.00 | 0 | 12.92 | 2.22 |
| 2016 (3) | 1.39 | -1.42 | 21.53 | 1.65 | 4.01 | -9.07 | 0.53 | 53.54 | 4.90 | -11.71 | 4.86 | 1.25 | 12.65 | -12.88 | 5.24 | -6.43 | 0.98 | -13.27 | 6.02 | -1.47 | 146.25 | -21.44 | 81.93 | 3.49 | 18.07 | -13.25 | 0.00 | 0 | 12.64 | 18.35 |
| 2015 (2) | 1.41 | 22.61 | 21.18 | 10.72 | 4.41 | 23.18 | 0.35 | -12.41 | 5.55 | 30.28 | 4.80 | 47.24 | 14.52 | 48.92 | 5.60 | 15.46 | 1.13 | -22.6 | 6.11 | 28.9 | 186.16 | 26.65 | 79.17 | -5.75 | 20.83 | 30.21 | 0.00 | 0 | 10.68 | 5.85 |
| 2014 (1) | 1.15 | 88.52 | 19.13 | 0 | 3.58 | 0 | 0.40 | 3.84 | 4.26 | 0 | 3.26 | 0 | 9.75 | 0 | 4.85 | 0 | 1.46 | -9.32 | 4.74 | -7.24 | 146.99 | 109.9 | 84.00 | 3470.0 | 16.00 | -83.81 | 0.00 | 0 | 10.09 | -16.06 |
