- 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) | 0.95 | 3.26 | 53.23 | 34.41 | 0.44 | 0.67 | 14.14 | 6.4 | 45.32 | 15.90 | -1.55 | -1.0 | 11.93 | -6.87 | 4.56 | 3.53 | 1.73 | 42.34 | 2.43 | 0.83 | 44.64 | 0.20 | 5.26 | 33.33 | 19.05 | -2.16 | -5.41 | 40.64 | -20.92 | -7.28 | 90.91 | 12.73 | 49.35 | 12.12 | -24.85 | -69.02 | 23.96 | -7.28 | -17.95 |
| 24Q2 (19) | 0.92 | 50.82 | 27.78 | 34.26 | 7.6 | 8.8 | 13.29 | 24.21 | 49.83 | 16.15 | 23.19 | 6.39 | 12.81 | 38.34 | 9.21 | 3.47 | 48.93 | 22.61 | 2.41 | 46.95 | 22.96 | 0.19 | 5.56 | 18.75 | 19.47 | 17.5 | 2.37 | 51.39 | 28.15 | -4.62 | 80.65 | -2.38 | 44.01 | 16.13 | -7.26 | -59.68 | 25.84 | 2.26 | -0.42 |
| 24Q1 (18) | 0.61 | -1.61 | 52.5 | 31.84 | 11.25 | 6.31 | 10.70 | 58.05 | 30.01 | 13.11 | 58.72 | 31.49 | 9.26 | -1.8 | 38.0 | 2.33 | -2.1 | 56.38 | 1.64 | -1.2 | 56.19 | 0.18 | 5.88 | 12.5 | 16.57 | 42.48 | 23.11 | 40.10 | -11.2 | -1.69 | 82.61 | -3.62 | 1.67 | 17.39 | -18.84 | -7.25 | 25.27 | 1.9 | -1.33 |
| 23Q4 (17) | 0.62 | 0.0 | 16.98 | 28.62 | -16.27 | -12.21 | 6.77 | -30.42 | -40.82 | 8.26 | -48.57 | -25.65 | 9.43 | -17.35 | 19.07 | 2.38 | -4.03 | 18.41 | 1.66 | -1.19 | 20.29 | 0.17 | 13.33 | 0.0 | 11.63 | -42.25 | -18.61 | 45.16 | 3.03 | -2.1 | 85.71 | 40.82 | -18.57 | 21.43 | -45.24 | 507.14 | 24.80 | -15.07 | -0.4 |
| 23Q3 (16) | 0.62 | -13.89 | -18.42 | 34.18 | 8.54 | 16.93 | 9.73 | 9.7 | 37.24 | 16.06 | 5.8 | 6.85 | 11.41 | -2.73 | 6.84 | 2.48 | -12.37 | -16.22 | 1.68 | -14.29 | -13.4 | 0.15 | -6.25 | -16.67 | 20.14 | 5.89 | 11.33 | 43.83 | -18.65 | -1.79 | 60.87 | 8.7 | 31.1 | 39.13 | -2.17 | -26.96 | 29.20 | 12.52 | 20.16 |
| 23Q2 (15) | 0.72 | 80.0 | -31.43 | 31.49 | 5.14 | 3.48 | 8.87 | 7.78 | -21.5 | 15.18 | 52.26 | -23.14 | 11.73 | 74.81 | -19.16 | 2.83 | 89.93 | -30.12 | 1.96 | 86.67 | -25.19 | 0.16 | 0.0 | -11.11 | 19.02 | 41.31 | -15.5 | 53.88 | 32.09 | -15.24 | 56.00 | -31.08 | -3.27 | 40.00 | 113.33 | -5.0 | 25.95 | 1.33 | 2.08 |
| 23Q1 (14) | 0.40 | -24.53 | -18.37 | 29.95 | -8.13 | 0.44 | 8.23 | -28.06 | 1.86 | 9.97 | -10.26 | -12.08 | 6.71 | -15.28 | -15.38 | 1.49 | -25.87 | -21.16 | 1.05 | -23.91 | -15.32 | 0.16 | -5.88 | 6.67 | 13.46 | -5.81 | -8.56 | 40.79 | -11.58 | -21.89 | 81.25 | -22.81 | 12.5 | 18.75 | 456.25 | -32.5 | 25.61 | 2.85 | 7.15 |
| 22Q4 (13) | 0.53 | -30.26 | -28.38 | 32.60 | 11.53 | 3.62 | 11.44 | 61.35 | -10.83 | 11.11 | -26.08 | -19.55 | 7.92 | -25.84 | -19.35 | 2.01 | -32.09 | -32.78 | 1.38 | -28.87 | -28.87 | 0.17 | -5.56 | -15.0 | 14.29 | -21.01 | -8.75 | 46.13 | 3.36 | -19.03 | 105.26 | 126.72 | 13.68 | -5.26 | -109.82 | -171.05 | 24.90 | 2.47 | 25.63 |
| 22Q3 (12) | 0.76 | -27.62 | -9.52 | 29.23 | -3.94 | -2.73 | 7.09 | -37.26 | -39.4 | 15.03 | -23.9 | 0.0 | 10.68 | -26.4 | -3.7 | 2.96 | -26.91 | -16.62 | 1.94 | -25.95 | -14.16 | 0.18 | 0.0 | -10.0 | 18.09 | -19.64 | 6.41 | 44.63 | -29.79 | -18.63 | 46.43 | -19.81 | -39.44 | 53.57 | 27.23 | 129.59 | 24.30 | -4.41 | 11.52 |
| 22Q2 (11) | 1.05 | 114.29 | 94.44 | 30.43 | 2.05 | 5.04 | 11.30 | 39.85 | 19.58 | 19.75 | 74.16 | 86.85 | 14.51 | 82.98 | 73.36 | 4.05 | 114.29 | 80.0 | 2.62 | 111.29 | 74.67 | 0.18 | 20.0 | 0.0 | 22.51 | 52.92 | 74.9 | 63.57 | 21.73 | 6.86 | 57.89 | -19.84 | -34.87 | 42.11 | 51.58 | 278.95 | 25.42 | 6.36 | 18.23 |
| 22Q1 (10) | 0.49 | -33.78 | 36.11 | 29.82 | -5.21 | 3.18 | 8.08 | -37.02 | 15.93 | 11.34 | -17.89 | 22.07 | 7.93 | -19.25 | 19.07 | 1.89 | -36.79 | 30.34 | 1.24 | -36.08 | 25.25 | 0.15 | -25.0 | 0.0 | 14.72 | -6.0 | 23.8 | 52.22 | -8.34 | 20.91 | 72.22 | -22.0 | -6.11 | 27.78 | 275.0 | 20.37 | 23.90 | 20.59 | -8.57 |
| 21Q4 (9) | 0.74 | -11.9 | 68.18 | 31.46 | 4.69 | 3.22 | 12.83 | 9.66 | 9.66 | 13.81 | -8.12 | 41.64 | 9.82 | -11.45 | 31.99 | 2.99 | -15.77 | 65.19 | 1.94 | -14.16 | 63.03 | 0.20 | 0.0 | 25.0 | 15.66 | -7.88 | 27.73 | 56.97 | 3.87 | 4.09 | 92.59 | 20.77 | -22.84 | 7.41 | -68.25 | 137.04 | 19.82 | -9.04 | -15.08 |
| 21Q3 (8) | 0.84 | 55.56 | 16.67 | 30.05 | 3.73 | -13.23 | 11.70 | 23.81 | -26.46 | 15.03 | 42.19 | -3.72 | 11.09 | 32.5 | -6.1 | 3.55 | 57.78 | 14.52 | 2.26 | 50.67 | 14.14 | 0.20 | 11.11 | 17.65 | 17.00 | 32.09 | -5.61 | 54.85 | -7.8 | 0.68 | 76.67 | -13.75 | -26.28 | 23.33 | 110.0 | 0 | 21.79 | 1.35 | -2.51 |
| 21Q2 (7) | 0.54 | 50.0 | -1.82 | 28.97 | 0.24 | -14.42 | 9.45 | 35.58 | -19.23 | 10.57 | 13.78 | -17.61 | 8.37 | 25.68 | -12.99 | 2.25 | 55.17 | -4.26 | 1.50 | 51.52 | -2.6 | 0.18 | 20.0 | 12.5 | 12.87 | 8.24 | -15.5 | 59.49 | 37.74 | -3.6 | 88.89 | 15.56 | -6.17 | 11.11 | -51.85 | 5.56 | 21.50 | -17.75 | 0 |
| 21Q1 (6) | 0.36 | -18.18 | -20.0 | 28.90 | -5.18 | -13.16 | 6.97 | -40.43 | -23.49 | 9.29 | -4.72 | -32.39 | 6.66 | -10.48 | -30.26 | 1.45 | -19.89 | -22.46 | 0.99 | -16.81 | -22.66 | 0.15 | -6.25 | 15.38 | 11.89 | -3.02 | -28.67 | 43.19 | -21.09 | -8.18 | 76.92 | -35.9 | 18.88 | 23.08 | 215.38 | -34.62 | 26.14 | 12.0 | 0 |
| 20Q4 (5) | 0.44 | -38.89 | 158.82 | 30.48 | -11.98 | -11.06 | 11.70 | -26.46 | 47.91 | 9.75 | -37.54 | 51.63 | 7.44 | -37.0 | 104.96 | 1.81 | -41.61 | 154.93 | 1.19 | -39.9 | 142.86 | 0.16 | -5.88 | 23.08 | 12.26 | -31.93 | 28.78 | 54.73 | 0.46 | 11.13 | 120.00 | 15.38 | -4.0 | -20.00 | 0 | 20.0 | 23.34 | 4.43 | 0 |
| 20Q3 (4) | 0.72 | 30.91 | 0.0 | 34.63 | 2.3 | 0.0 | 15.91 | 35.98 | 0.0 | 15.61 | 21.67 | 0.0 | 11.81 | 22.77 | 0.0 | 3.10 | 31.91 | 0.0 | 1.98 | 28.57 | 0.0 | 0.17 | 6.25 | 0.0 | 18.01 | 18.25 | 0.0 | 54.48 | -11.72 | 0.0 | 104.00 | 9.78 | 0.0 | 0.00 | -100.0 | 0.0 | 22.35 | 0 | 0.0 |
| 20Q2 (3) | 0.55 | 22.22 | 0.0 | 33.85 | 1.71 | 0.0 | 11.70 | 28.43 | 0.0 | 12.83 | -6.62 | 0.0 | 9.62 | 0.73 | 0.0 | 2.35 | 25.67 | 0.0 | 1.54 | 20.31 | 0.0 | 0.16 | 23.08 | 0.0 | 15.23 | -8.64 | 0.0 | 61.71 | 31.19 | 0.0 | 94.74 | 46.41 | 0.0 | 10.53 | -70.18 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.45 | 164.71 | 0.0 | 33.28 | -2.89 | 0.0 | 9.11 | 15.17 | 0.0 | 13.74 | 113.69 | 0.0 | 9.55 | 163.09 | 0.0 | 1.87 | 163.38 | 0.0 | 1.28 | 161.22 | 0.0 | 0.13 | 0.0 | 0.0 | 16.67 | 75.11 | 0.0 | 47.04 | -4.49 | 0.0 | 64.71 | -48.24 | 0.0 | 35.29 | 241.18 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 34.27 | 0.0 | 0.0 | 7.91 | 0.0 | 0.0 | 6.43 | 0.0 | 0.0 | 3.63 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 9.52 | 0.0 | 0.0 | 49.25 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 0.00 | 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) | 2.36 | -16.61 | 30.94 | 1.41 | 8.34 | -12.21 | 3.62 | 29.85 | 12.22 | -15.67 | 9.80 | -5.77 | 9.04 | -17.74 | 6.26 | -14.71 | 0.63 | -10.0 | 15.91 | -8.72 | 45.16 | -2.1 | 67.95 | 3.92 | 32.05 | -7.41 | 0.00 | 0 | 26.30 | 6.69 |
| 2022 (9) | 2.83 | 14.11 | 30.51 | 1.87 | 9.50 | -9.7 | 2.79 | 32.4 | 14.49 | 16.29 | 10.40 | 13.17 | 10.99 | 10.45 | 7.34 | 14.15 | 0.70 | 1.45 | 17.43 | 19.3 | 46.13 | -19.03 | 65.38 | -22.41 | 34.62 | 120.05 | 0.00 | 0 | 24.65 | 11.79 |
| 2021 (8) | 2.48 | 14.81 | 29.95 | -9.41 | 10.52 | -14.4 | 2.11 | -3.9 | 12.46 | -3.93 | 9.19 | -4.57 | 9.95 | 12.68 | 6.43 | 9.35 | 0.69 | 15.0 | 14.61 | -4.82 | 56.97 | 4.09 | 84.27 | -11.11 | 15.73 | 202.81 | 0.00 | 0 | 22.05 | -8.39 |
| 2020 (7) | 2.16 | -2.26 | 33.06 | -8.52 | 12.29 | 11.52 | 2.19 | 2.7 | 12.97 | -5.26 | 9.63 | 0.52 | 8.83 | -1.01 | 5.88 | -4.7 | 0.60 | -6.25 | 15.35 | -3.64 | 54.73 | 11.13 | 94.81 | 17.45 | 5.19 | -73.05 | 0.00 | 0 | 24.07 | -7.28 |
| 2019 (6) | 2.21 | -41.22 | 36.14 | -5.07 | 11.02 | -28.35 | 2.13 | 255.21 | 13.69 | -26.83 | 9.58 | -19.77 | 8.92 | -42.86 | 6.17 | -43.6 | 0.64 | -30.43 | 15.93 | -17.16 | 49.25 | 17.85 | 80.72 | -1.62 | 19.28 | 7.4 | 0.00 | 0 | 25.96 | 6.35 |
| 2018 (5) | 3.76 | -20.68 | 38.07 | -8.68 | 15.38 | -17.62 | 0.60 | 19.74 | 18.71 | -0.85 | 11.94 | -8.72 | 15.61 | -12.55 | 10.94 | -13.79 | 0.92 | -5.15 | 19.23 | -1.13 | 41.79 | -4.61 | 82.05 | -17.4 | 17.95 | 1246.15 | 0.00 | 0 | 24.41 | 18.27 |
| 2017 (4) | 4.74 | 13.13 | 41.69 | 1.12 | 18.67 | 18.02 | 0.50 | -35.96 | 18.87 | -2.08 | 13.08 | -0.68 | 17.85 | 10.59 | 12.69 | 6.55 | 0.97 | 7.78 | 19.45 | -3.04 | 43.81 | 17.3 | 99.33 | 20.97 | 1.33 | -92.55 | 0.00 | 0 | 20.64 | -13.64 |
| 2016 (3) | 4.19 | 34.29 | 41.23 | 10.39 | 15.82 | 55.4 | 0.78 | -31.82 | 19.27 | 28.47 | 13.17 | 31.31 | 16.14 | 24.25 | 11.91 | 25.5 | 0.90 | -5.26 | 20.06 | 24.67 | 37.35 | 9.43 | 82.11 | 20.52 | 17.89 | -43.87 | 0.00 | 0 | 23.90 | 2.58 |
| 2015 (2) | 3.12 | -20.2 | 37.35 | 52.89 | 10.18 | 79.23 | 1.15 | 128.22 | 15.00 | 110.97 | 10.03 | 91.78 | 12.99 | -45.49 | 9.49 | -44.47 | 0.95 | -70.77 | 16.09 | 109.78 | 34.13 | -14.22 | 68.13 | -15.17 | 31.87 | 55.66 | 0.00 | 0 | 23.30 | 119.19 |
| 2014 (1) | 3.91 | 10.14 | 24.43 | 0 | 5.68 | 0 | 0.50 | -22.69 | 7.11 | 0 | 5.23 | 0 | 23.83 | 0 | 17.09 | 0 | 3.25 | 513.21 | 7.67 | -67.29 | 39.79 | -2.12 | 80.31 | 290.1 | 20.47 | -74.22 | 0.00 | 0 | 10.63 | -57.77 |
