- 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) | 0.89 | 64.81 | -31.01 | 24.37 | -3.68 | 17.5 | 9.12 | 7.93 | -7.03 | 15.30 | 31.11 | 22.69 | 13.95 | 53.13 | 39.22 | 3.25 | 80.56 | -34.21 | 0.90 | 52.54 | -31.3 | 0.05 | 0.0 | -58.33 | 24.40 | 17.2 | 53.27 | 328.97 | -0.92 | 11.29 | 59.65 | -17.73 | -24.44 | 40.35 | 46.73 | 91.67 | 15.12 | -2.51 | 76.64 |
| 24Q2 (19) | 0.54 | -8.47 | -43.16 | 25.30 | 4.07 | 4.55 | 8.45 | 39.44 | -21.1 | 11.67 | 10.62 | -30.16 | 9.11 | -13.24 | -41.68 | 1.80 | -5.76 | -50.82 | 0.59 | -9.23 | -41.0 | 0.05 | 0.0 | -16.67 | 20.82 | 7.43 | -12.59 | 332.03 | 27.8 | 0.39 | 72.50 | 23.25 | 11.54 | 27.50 | -37.67 | -25.0 | 15.51 | -7.68 | 3.19 |
| 24Q1 (18) | 0.59 | -43.27 | 11.32 | 24.31 | 24.48 | 3.84 | 6.06 | -20.47 | -37.2 | 10.55 | 24.12 | 28.66 | 10.50 | 4.37 | 22.81 | 1.91 | -46.94 | -4.5 | 0.65 | -39.25 | 8.33 | 0.05 | -44.44 | -16.67 | 19.38 | 42.6 | 24.71 | 259.80 | -4.88 | -10.08 | 58.82 | -33.33 | -49.83 | 44.12 | 350.0 | 355.88 | 16.80 | 50.27 | 18.23 |
| 23Q4 (17) | 1.04 | -19.38 | 205.88 | 19.53 | -5.83 | -24.21 | 7.62 | -22.32 | -20.29 | 8.50 | -31.84 | 3.91 | 10.06 | 0.4 | 121.1 | 3.60 | -27.13 | 181.25 | 1.07 | -18.32 | 143.18 | 0.09 | -25.0 | 28.57 | 13.59 | -14.64 | -10.06 | 273.12 | -7.6 | -15.96 | 88.24 | 11.76 | -25.7 | 9.80 | -53.43 | 162.75 | 11.18 | 30.61 | -20.82 |
| 23Q3 (16) | 1.29 | 35.79 | 61.25 | 20.74 | -14.3 | 7.18 | 9.81 | -8.4 | 53.52 | 12.47 | -25.37 | -23.02 | 10.02 | -35.85 | -14.29 | 4.94 | 34.97 | 53.89 | 1.31 | 31.0 | 57.83 | 0.12 | 100.0 | 100.0 | 15.92 | -33.17 | -30.39 | 295.59 | -10.63 | -10.53 | 78.95 | 21.46 | 102.52 | 21.05 | -42.58 | -65.5 | 8.56 | -43.05 | -44.67 |
| 23Q2 (15) | 0.95 | 79.25 | 61.02 | 24.20 | 3.37 | 38.44 | 10.71 | 10.98 | 83.39 | 16.71 | 103.78 | 88.18 | 15.62 | 82.69 | 91.42 | 3.66 | 83.0 | 55.74 | 1.00 | 66.67 | 58.73 | 0.06 | 0.0 | -14.29 | 23.82 | 53.28 | 61.16 | 330.74 | 14.47 | -4.4 | 65.00 | -44.56 | 0.45 | 36.67 | 312.67 | 3.89 | 15.03 | 5.77 | 8.76 |
| 23Q1 (14) | 0.53 | 55.88 | -35.37 | 23.41 | -9.16 | 38.36 | 9.65 | 0.94 | 62.73 | 8.20 | 0.24 | -27.11 | 8.55 | 87.91 | -17.31 | 2.00 | 56.25 | -38.08 | 0.60 | 36.36 | -28.57 | 0.06 | -14.29 | -14.29 | 15.54 | 2.85 | -7.0 | 288.93 | -11.09 | -8.08 | 117.24 | -1.27 | 124.71 | -17.24 | -10.34 | -136.05 | 14.21 | 0.64 | 7.81 |
| 22Q4 (13) | 0.34 | -57.5 | 580.0 | 25.77 | 33.18 | 38.77 | 9.56 | 49.61 | 392.78 | 8.18 | -49.51 | 91.57 | 4.55 | -61.08 | 483.33 | 1.28 | -60.12 | 509.52 | 0.44 | -46.99 | 238.46 | 0.07 | 16.67 | 16.67 | 15.11 | -33.93 | 27.51 | 324.98 | -1.63 | -4.41 | 118.75 | 204.62 | 177.08 | -15.62 | -125.61 | -127.34 | 14.12 | -8.73 | -12.08 |
| 22Q3 (12) | 0.80 | 35.59 | 33.33 | 19.35 | 10.7 | 12.11 | 6.39 | 9.42 | 54.35 | 16.20 | 82.43 | 61.35 | 11.69 | 43.26 | 21.39 | 3.21 | 36.6 | 31.56 | 0.83 | 31.75 | 23.88 | 0.06 | -14.29 | 0.0 | 22.87 | 54.74 | 35.09 | 330.38 | -4.5 | 0.1 | 38.98 | -39.75 | -7.04 | 61.02 | 72.88 | 5.08 | 15.47 | 11.94 | -3.55 |
| 22Q2 (11) | 0.59 | -28.05 | 96.67 | 17.48 | 3.31 | -11.18 | 5.84 | -1.52 | -18.78 | 8.88 | -21.07 | 106.03 | 8.16 | -21.08 | 69.29 | 2.35 | -27.24 | 94.21 | 0.63 | -25.0 | 50.0 | 0.07 | 0.0 | 0.0 | 14.78 | -11.55 | 29.31 | 345.95 | 10.06 | 17.91 | 64.71 | 24.02 | -60.61 | 35.29 | -26.2 | 154.9 | 13.82 | 4.86 | -14.37 |
| 22Q1 (10) | 0.82 | 1540.0 | 121.62 | 16.92 | -8.89 | -18.14 | 5.93 | 205.67 | -31.05 | 11.25 | 163.47 | 68.41 | 10.34 | 1225.64 | 71.76 | 3.23 | 1438.1 | 115.33 | 0.84 | 546.15 | 55.56 | 0.07 | 16.67 | 0.0 | 16.71 | 41.01 | 15.48 | 314.32 | -7.55 | 15.98 | 52.17 | 21.74 | -59.42 | 47.83 | -16.3 | 267.39 | 13.18 | -17.93 | -18.09 |
| 21Q4 (9) | 0.05 | -91.67 | -79.17 | 18.57 | 7.59 | -23.89 | 1.94 | -53.14 | -80.46 | 4.27 | -57.47 | -14.77 | 0.78 | -91.9 | -81.52 | 0.21 | -91.39 | -79.0 | 0.13 | -80.6 | -69.77 | 0.06 | 0.0 | -14.29 | 11.85 | -30.01 | -15.9 | 339.99 | 3.01 | 27.57 | 42.86 | 2.2 | -77.83 | 57.14 | -1.59 | 161.22 | 16.06 | 0.12 | 0.56 |
| 21Q3 (8) | 0.60 | 100.0 | 1100.0 | 17.26 | -12.3 | -12.74 | 4.14 | -42.42 | -38.76 | 10.04 | 132.95 | 225.97 | 9.63 | 99.79 | 844.12 | 2.44 | 101.65 | 1061.9 | 0.67 | 59.52 | 204.55 | 0.06 | -14.29 | -25.0 | 16.93 | 48.12 | 35.44 | 330.06 | 12.49 | 89.9 | 41.94 | -74.47 | -80.27 | 58.06 | 190.32 | 151.61 | 16.04 | -0.62 | -16.55 |
| 21Q2 (7) | 0.30 | -18.92 | 87.5 | 19.68 | -4.79 | -2.09 | 7.19 | -16.4 | 11.13 | 4.31 | -35.48 | 8.02 | 4.82 | -19.93 | 45.18 | 1.21 | -19.33 | 89.06 | 0.42 | -22.22 | 2.44 | 0.07 | 0.0 | -12.5 | 11.43 | -21.01 | -17.89 | 293.41 | 8.27 | 113.23 | 164.29 | 27.78 | -1.43 | -64.29 | -125.0 | 3.57 | 16.14 | 0.31 | 0 |
| 21Q1 (6) | 0.37 | 54.17 | 12.12 | 20.67 | -15.29 | 6.99 | 8.60 | -13.39 | -2.05 | 6.68 | 33.33 | -8.49 | 6.02 | 42.65 | 14.89 | 1.50 | 50.0 | 16.28 | 0.54 | 25.58 | -25.0 | 0.07 | 0.0 | -36.36 | 14.47 | 2.7 | -3.34 | 271.01 | 1.69 | 116.48 | 128.57 | -33.5 | 5.61 | -28.57 | 69.39 | -31.43 | 16.09 | 0.75 | 0 |
| 20Q4 (5) | 0.24 | 380.0 | -94.42 | 24.40 | 23.36 | -27.55 | 9.93 | 46.89 | -61.51 | 5.01 | 62.66 | -79.49 | 4.22 | 313.73 | -79.29 | 1.00 | 376.19 | -94.62 | 0.43 | 95.45 | -93.96 | 0.07 | -12.5 | -79.41 | 14.09 | 12.72 | -47.97 | 266.51 | 53.33 | 101.41 | 193.33 | -9.02 | 82.75 | -93.33 | 17.04 | -1511.56 | 15.97 | -16.91 | 196.29 |
| 20Q3 (4) | 0.05 | -68.75 | 0.0 | 19.78 | -1.59 | 0.0 | 6.76 | 4.48 | 0.0 | 3.08 | -22.81 | 0.0 | 1.02 | -69.28 | 0.0 | 0.21 | -67.19 | 0.0 | 0.22 | -46.34 | 0.0 | 0.08 | 0.0 | 0.0 | 12.50 | -10.2 | 0.0 | 173.81 | 26.32 | 0.0 | 212.50 | 27.5 | 0.0 | -112.50 | -68.75 | 0.0 | 19.22 | 0 | 0.0 |
| 20Q2 (3) | 0.16 | -51.52 | 0.0 | 20.10 | 4.04 | 0.0 | 6.47 | -26.31 | 0.0 | 3.99 | -45.34 | 0.0 | 3.32 | -36.64 | 0.0 | 0.64 | -50.39 | 0.0 | 0.41 | -43.06 | 0.0 | 0.08 | -27.27 | 0.0 | 13.92 | -7.01 | 0.0 | 137.60 | 9.91 | 0.0 | 166.67 | 36.9 | 0.0 | -66.67 | -206.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.33 | -92.33 | 0.0 | 19.32 | -42.64 | 0.0 | 8.78 | -65.97 | 0.0 | 7.30 | -70.12 | 0.0 | 5.24 | -74.29 | 0.0 | 1.29 | -93.06 | 0.0 | 0.72 | -89.89 | 0.0 | 0.11 | -67.65 | 0.0 | 14.97 | -44.72 | 0.0 | 125.19 | -5.39 | 0.0 | 121.74 | 15.07 | 0.0 | -21.74 | -275.36 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 4.30 | 0.0 | 0.0 | 33.68 | 0.0 | 0.0 | 25.80 | 0.0 | 0.0 | 24.43 | 0.0 | 0.0 | 20.38 | 0.0 | 0.0 | 18.60 | 0.0 | 0.0 | 7.12 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 27.08 | 0.0 | 0.0 | 132.32 | 0.0 | 0.0 | 105.79 | 0.0 | 0.0 | -5.79 | 0.0 | 0.0 | 5.39 | 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) | 3.81 | 51.19 | 21.45 | 7.79 | 9.31 | 33.96 | 3.04 | -22.9 | 11.34 | 2.72 | 10.76 | 24.54 | 13.98 | 40.5 | 3.99 | 47.78 | 0.33 | 22.22 | 16.51 | -4.4 | 273.12 | -15.96 | 82.13 | 31.25 | 17.87 | -51.49 | 0.00 | 0 | 11.41 | -19.19 |
| 2022 (9) | 2.52 | 89.47 | 19.90 | 4.52 | 6.95 | 28.23 | 3.95 | -13.74 | 11.04 | 75.52 | 8.64 | 64.57 | 9.95 | 84.94 | 2.70 | 56.07 | 0.27 | 8.0 | 17.27 | 26.61 | 324.98 | -4.41 | 62.57 | -27.45 | 36.84 | 167.94 | 0.00 | 0 | 14.12 | -12.19 |
| 2021 (8) | 1.33 | 70.51 | 19.04 | -9.12 | 5.42 | -33.33 | 4.57 | -25.59 | 6.29 | 25.55 | 5.25 | 46.24 | 5.38 | 71.88 | 1.73 | 15.33 | 0.25 | -13.79 | 13.64 | -2.15 | 339.99 | 27.57 | 86.25 | -46.7 | 13.75 | 0 | 0.00 | 0 | 16.08 | -3.25 |
| 2020 (7) | 0.78 | -80.79 | 20.95 | -17.23 | 8.13 | -47.31 | 6.15 | 57.77 | 5.01 | -64.67 | 3.59 | -68.78 | 3.13 | -80.05 | 1.50 | -80.18 | 0.29 | -50.0 | 13.94 | -31.23 | 266.51 | 101.41 | 161.82 | 48.78 | -61.82 | 0 | 0.00 | 0 | 16.62 | 40.61 |
| 2019 (6) | 4.06 | -12.5 | 25.31 | 42.59 | 15.43 | 32.9 | 3.90 | 48.38 | 14.18 | 29.62 | 11.50 | 16.04 | 15.69 | -24.64 | 7.57 | 0.66 | 0.58 | -15.94 | 20.27 | 34.86 | 132.32 | -1.66 | 108.76 | 2.61 | -8.76 | 0 | 0.00 | 0 | 11.82 | 36.81 |
| 2018 (5) | 4.64 | 409.89 | 17.75 | -16.82 | 11.61 | -0.09 | 2.63 | -40.32 | 10.94 | 36.07 | 9.91 | 122.7 | 20.82 | 305.06 | 7.52 | 263.29 | 0.69 | 109.09 | 15.03 | 0.47 | 134.55 | -52.11 | 106.00 | -26.66 | -6.00 | 0 | 0.00 | 0 | 8.64 | -40.66 |
| 2017 (4) | 0.91 | -69.15 | 21.34 | -2.73 | 11.62 | 4.68 | 4.40 | 152.99 | 8.04 | -79.65 | 4.45 | -88.12 | 5.14 | -74.59 | 2.07 | -71.72 | 0.33 | 73.68 | 14.96 | -65.98 | 280.96 | 25.06 | 144.53 | 416.42 | -44.53 | 0 | 0.00 | 0 | 14.56 | 61.78 |
| 2016 (3) | 2.95 | 195.0 | 21.94 | -10.16 | 11.10 | -21.28 | 1.74 | 16.52 | 39.51 | 174.76 | 37.47 | 192.51 | 20.23 | 166.18 | 7.32 | 121.82 | 0.19 | -17.39 | 43.98 | 137.99 | 224.66 | 43.21 | 27.99 | -71.56 | 72.01 | 4400.79 | 0.00 | 0 | 9.00 | 3.57 |
| 2015 (2) | 1.00 | 488.24 | 24.42 | -2.55 | 14.10 | 96.65 | 1.49 | -46.14 | 14.38 | 178.14 | 12.81 | 200.7 | 7.60 | 489.15 | 3.30 | 220.39 | 0.23 | 76.92 | 18.48 | 35.58 | 156.87 | 1.1 | 98.40 | -30.17 | 1.60 | 0 | 0.00 | 0 | 8.69 | -42.72 |
| 2014 (1) | 0.17 | 6.25 | 25.06 | 0 | 7.17 | 0 | 2.77 | -7.39 | 5.17 | 0 | 4.26 | 0 | 1.29 | 0 | 1.03 | 0 | 0.13 | -27.78 | 13.63 | 40.08 | 155.16 | 50.9 | 140.91 | -11.93 | -40.91 | 0 | 0.00 | 0 | 15.17 | -7.05 |
