- 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) | 0.45 | -22.41 | -60.18 | 39.35 | -3.98 | -19.25 | 23.84 | -9.59 | -34.93 | 24.25 | -16.35 | -38.55 | 19.37 | -17.33 | -38.64 | 2.63 | -18.58 | -59.91 | 2.24 | -17.65 | -58.21 | 0.12 | 0.0 | -29.41 | 43.04 | -9.62 | -20.44 | 8.67 | -67.26 | -49.5 | 100.00 | 9.09 | 6.67 | 0.00 | -100.0 | -100.0 | 34.09 | 0.71 | 14.94 |
| 24Q2 (19) | 0.58 | 38.1 | -32.56 | 40.98 | 28.54 | -6.35 | 26.37 | 59.14 | -15.13 | 28.99 | 21.7 | -12.39 | 23.43 | 23.32 | -15.2 | 3.23 | 43.56 | -34.88 | 2.72 | 35.32 | -33.82 | 0.12 | 9.09 | -20.0 | 47.62 | 3.41 | -4.76 | 26.48 | 131.27 | -7.57 | 91.67 | 26.92 | -2.78 | 8.33 | -70.0 | 45.83 | 33.85 | -9.66 | 7.91 |
| 24Q1 (18) | 0.42 | -34.38 | 13.51 | 31.88 | -28.86 | -9.02 | 16.57 | -47.97 | -19.68 | 23.82 | -16.74 | 14.24 | 19.00 | -16.19 | 14.25 | 2.25 | -36.08 | 7.14 | 2.01 | -34.74 | 9.24 | 0.11 | -21.43 | 0.0 | 46.05 | -1.77 | 2.93 | 11.45 | -4.42 | -20.93 | 72.22 | -37.1 | -27.78 | 27.78 | 350.0 | 0 | 37.47 | 21.5 | 8.7 |
| 23Q4 (17) | 0.64 | -43.36 | 113.33 | 44.81 | -8.04 | 34.28 | 31.85 | -13.07 | 69.87 | 28.61 | -27.5 | 64.61 | 22.67 | -28.19 | 62.63 | 3.52 | -46.34 | 107.06 | 3.08 | -42.54 | 112.41 | 0.14 | -17.65 | 40.0 | 46.88 | -13.35 | 8.87 | 11.98 | -30.23 | -28.99 | 114.81 | 22.47 | 6.61 | -11.11 | -277.78 | -44.44 | 30.84 | 3.98 | -9.05 |
| 23Q3 (16) | 1.13 | 31.4 | 145.65 | 48.73 | 11.36 | 55.34 | 36.64 | 17.93 | 105.96 | 39.46 | 19.25 | 71.94 | 31.57 | 14.26 | 66.6 | 6.56 | 32.26 | 137.68 | 5.36 | 30.41 | 150.47 | 0.17 | 13.33 | 54.55 | 54.10 | 8.2 | 15.13 | 17.17 | -40.07 | -20.14 | 93.75 | -0.57 | 18.75 | 6.25 | 9.38 | -70.31 | 29.66 | -5.45 | -9.3 |
| 23Q2 (15) | 0.86 | 132.43 | 7.5 | 43.76 | 24.89 | 5.67 | 31.07 | 50.61 | 5.57 | 33.09 | 58.71 | 3.02 | 27.63 | 66.15 | 6.68 | 4.96 | 136.19 | 7.59 | 4.11 | 123.37 | 17.43 | 0.15 | 36.36 | 15.38 | 50.00 | 11.76 | -3.7 | 28.65 | 97.86 | -30.78 | 94.29 | -5.71 | 3.41 | 5.71 | 0 | -35.24 | 31.37 | -8.99 | 4.71 |
| 23Q1 (14) | 0.37 | 23.33 | -53.75 | 35.04 | 5.0 | -15.65 | 20.63 | 10.03 | -30.19 | 20.85 | 19.97 | -33.58 | 16.63 | 19.3 | -33.77 | 2.10 | 23.53 | -53.54 | 1.84 | 26.9 | -47.73 | 0.11 | 10.0 | -21.43 | 44.74 | 3.9 | -12.92 | 14.48 | -14.17 | -41.73 | 100.00 | -7.14 | 6.25 | 0.00 | 100.0 | -100.0 | 34.47 | 1.65 | 15.67 |
| 22Q4 (13) | 0.30 | -34.78 | -65.91 | 33.37 | 6.38 | -24.66 | 18.75 | 5.4 | -42.5 | 17.38 | -24.27 | -46.34 | 13.94 | -26.44 | -46.38 | 1.70 | -38.41 | -67.43 | 1.45 | -32.24 | -64.63 | 0.10 | -9.09 | -37.5 | 43.06 | -8.36 | -17.46 | 16.87 | -21.53 | -50.73 | 107.69 | 36.41 | 4.86 | -7.69 | -136.54 | 0 | 33.91 | 3.7 | 26.01 |
| 22Q3 (12) | 0.46 | -42.5 | -47.73 | 31.37 | -24.25 | -24.66 | 17.79 | -39.55 | -34.79 | 22.95 | -28.55 | -26.47 | 18.95 | -26.83 | -26.41 | 2.76 | -40.13 | -46.51 | 2.14 | -38.86 | -51.47 | 0.11 | -15.38 | -35.29 | 46.99 | -9.5 | -6.02 | 21.50 | -48.06 | -0.09 | 78.95 | -13.41 | -11.18 | 21.05 | 138.6 | 51.58 | 32.70 | 9.15 | 8.21 |
| 22Q2 (11) | 0.80 | 0.0 | 5.26 | 41.41 | -0.31 | 3.4 | 29.43 | -0.41 | 7.25 | 32.12 | 2.33 | 10.53 | 25.90 | 3.15 | 9.84 | 4.61 | 1.99 | 4.77 | 3.50 | -0.57 | -9.79 | 0.13 | -7.14 | -18.75 | 51.92 | 1.05 | 8.82 | 41.39 | 66.56 | 213.09 | 91.18 | -3.13 | -2.75 | 8.82 | 50.0 | 41.18 | 29.96 | 0.54 | 2.96 |
| 22Q1 (10) | 0.80 | -9.09 | 40.35 | 41.54 | -6.21 | 12.82 | 29.55 | -9.38 | 22.61 | 31.39 | -3.09 | 27.71 | 25.11 | -3.42 | 27.66 | 4.52 | -13.41 | 32.16 | 3.52 | -14.15 | 17.73 | 0.14 | -12.5 | -6.67 | 51.38 | -1.51 | 14.43 | 24.85 | -27.42 | 84.48 | 94.12 | -8.36 | -5.88 | 5.88 | 0 | 0 | 29.80 | 10.74 | -3.18 |
| 21Q4 (9) | 0.88 | 0.0 | 23.94 | 44.29 | 6.36 | 5.65 | 32.61 | 19.54 | 13.07 | 32.39 | 3.78 | 13.25 | 26.00 | 0.97 | 13.74 | 5.22 | 1.16 | 16.26 | 4.10 | -7.03 | 4.59 | 0.16 | -5.88 | -5.88 | 52.17 | 4.34 | 10.6 | 34.24 | 59.11 | 119.35 | 102.70 | 15.54 | -0.61 | 0.00 | -100.0 | 0 | 26.91 | -10.95 | -9.58 |
| 21Q3 (8) | 0.88 | 15.79 | 57.14 | 41.64 | 3.97 | 11.79 | 27.28 | -0.58 | 12.54 | 31.21 | 7.4 | 28.75 | 25.75 | 9.2 | 32.8 | 5.16 | 17.27 | 40.6 | 4.41 | 13.66 | 43.65 | 0.17 | 6.25 | 6.25 | 50.00 | 4.8 | 13.95 | 21.52 | 62.78 | 58.12 | 88.89 | -5.19 | -11.11 | 13.89 | 122.22 | 0 | 30.22 | 3.85 | 2.89 |
| 21Q2 (7) | 0.76 | 33.33 | 40.74 | 40.05 | 8.77 | 4.41 | 27.44 | 13.86 | 8.16 | 29.06 | 18.23 | 16.57 | 23.58 | 19.88 | 18.25 | 4.40 | 28.65 | 26.44 | 3.88 | 29.77 | 33.33 | 0.16 | 6.67 | 6.67 | 47.71 | 6.26 | 4.51 | 13.22 | -1.86 | -49.54 | 93.75 | -6.25 | -6.25 | 6.25 | 0 | 0 | 29.10 | -5.46 | 0 |
| 21Q1 (6) | 0.57 | -19.72 | 7.55 | 36.82 | -12.17 | -4.81 | 24.10 | -16.44 | -2.27 | 24.58 | -14.06 | -2.11 | 19.67 | -13.95 | -1.75 | 3.42 | -23.83 | 1.48 | 2.99 | -23.72 | 0.34 | 0.15 | -11.76 | 0.0 | 44.90 | -4.81 | -2.71 | 13.47 | -13.71 | 3.86 | 100.00 | -3.23 | 4.55 | 0.00 | 0 | 0 | 30.78 | 3.43 | -6.1 |
| 20Q4 (5) | 0.71 | 26.79 | 12.7 | 41.92 | 12.54 | 0.24 | 28.84 | 18.98 | 1.41 | 28.60 | 17.99 | 1.82 | 22.86 | 17.9 | 4.72 | 4.49 | 22.34 | 8.45 | 3.92 | 27.69 | 7.69 | 0.17 | 6.25 | 0.0 | 47.17 | 7.5 | -2.7 | 15.61 | 14.7 | 18.44 | 103.33 | 3.33 | 3.33 | 0.00 | 0 | 0 | 29.76 | 1.33 | 6.51 |
| 20Q3 (4) | 0.56 | 3.7 | 0.0 | 37.25 | -2.89 | 0.0 | 24.24 | -4.45 | 0.0 | 24.24 | -2.77 | 0.0 | 19.39 | -2.76 | 0.0 | 3.67 | 5.46 | 0.0 | 3.07 | 5.5 | 0.0 | 0.16 | 6.67 | 0.0 | 43.88 | -3.88 | 0.0 | 13.61 | -48.05 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 29.37 | 0 | 0.0 |
| 20Q2 (3) | 0.54 | 1.89 | 0.0 | 38.36 | -0.83 | 0.0 | 25.37 | 2.88 | 0.0 | 24.93 | -0.72 | 0.0 | 19.94 | -0.4 | 0.0 | 3.48 | 3.26 | 0.0 | 2.91 | -2.35 | 0.0 | 0.15 | 0.0 | 0.0 | 45.65 | -1.08 | 0.0 | 26.20 | 102.0 | 0.0 | 100.00 | 4.55 | 0.0 | -0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.53 | -15.87 | 0.0 | 38.68 | -7.51 | 0.0 | 24.66 | -13.29 | 0.0 | 25.11 | -10.61 | 0.0 | 20.02 | -8.29 | 0.0 | 3.37 | -18.6 | 0.0 | 2.98 | -18.13 | 0.0 | 0.15 | -11.76 | 0.0 | 46.15 | -4.81 | 0.0 | 12.97 | -1.59 | 0.0 | 95.65 | -4.35 | 0.0 | 0.00 | 0 | 0.0 | 32.78 | 17.32 | 0.0 |
| 19Q4 (1) | 0.63 | 0.0 | 0.0 | 41.82 | 0.0 | 0.0 | 28.44 | 0.0 | 0.0 | 28.09 | 0.0 | 0.0 | 21.83 | 0.0 | 0.0 | 4.14 | 0.0 | 0.0 | 3.64 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 48.48 | 0.0 | 0.0 | 13.18 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 27.94 | 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) | 3.01 | 27.54 | 43.87 | 16.68 | 30.96 | 25.14 | 17.75 | -19.36 | 31.62 | 17.37 | 25.54 | 17.43 | 16.63 | 23.19 | 14.60 | 34.31 | 0.57 | 16.33 | 49.50 | 0.65 | 11.98 | -28.99 | 98.41 | 7.06 | 2.38 | -70.54 | 0.00 | 0 | 31.31 | 0.0 |
| 2022 (9) | 2.36 | -23.62 | 37.60 | -7.98 | 24.74 | -11.67 | 22.01 | 13.42 | 26.94 | -8.71 | 21.75 | -9.07 | 13.50 | -26.39 | 10.87 | -25.95 | 0.49 | -19.67 | 49.18 | 0.18 | 16.87 | -50.73 | 91.92 | -3.6 | 8.08 | 48.92 | 0.00 | 0 | 31.31 | 7.23 |
| 2021 (8) | 3.09 | 31.49 | 40.86 | 4.42 | 28.01 | 8.27 | 19.41 | -3.71 | 29.51 | 14.38 | 23.92 | 16.0 | 18.34 | 24.59 | 14.68 | 14.06 | 0.61 | -1.61 | 49.09 | 6.74 | 34.24 | 119.35 | 95.35 | -4.65 | 5.43 | 0 | 0.00 | 0 | 29.20 | -2.76 |
| 2020 (7) | 2.35 | 30.56 | 39.13 | 10.98 | 25.87 | 20.72 | 20.16 | -13.62 | 25.80 | 18.89 | 20.62 | 20.58 | 14.72 | 27.78 | 12.87 | 28.19 | 0.62 | 5.08 | 45.99 | 1.57 | 15.61 | 18.44 | 100.00 | 1.3 | 0.00 | 0 | 0.00 | 0 | 30.03 | -7.46 |
| 2019 (6) | 1.80 | -31.56 | 35.26 | -14.25 | 21.43 | -22.33 | 23.33 | 14.72 | 21.70 | -22.31 | 17.10 | -24.0 | 11.52 | -32.2 | 10.04 | -29.69 | 0.59 | -6.35 | 45.28 | -6.5 | 13.18 | -20.22 | 98.72 | -0.42 | 1.28 | 47.44 | 0.00 | 0 | 32.45 | 6.43 |
| 2018 (5) | 2.63 | -4.71 | 41.12 | -1.91 | 27.59 | -1.53 | 20.34 | 6.53 | 27.93 | -1.97 | 22.50 | -3.68 | 16.99 | -5.45 | 14.28 | -4.23 | 0.63 | -1.56 | 48.43 | 1.47 | 16.52 | -22.91 | 99.13 | 0.82 | 0.87 | -48.26 | 0.00 | 0 | 30.49 | -2.24 |
| 2017 (4) | 2.76 | 12.65 | 41.92 | 2.69 | 28.02 | 12.39 | 19.09 | 0.74 | 28.49 | 8.12 | 23.36 | 7.75 | 17.97 | 4.78 | 14.91 | 0.13 | 0.64 | -7.25 | 47.73 | 4.58 | 21.43 | 8.34 | 98.32 | 4.22 | 1.68 | -70.31 | 0.00 | 0 | 31.19 | 1.63 |
| 2016 (3) | 2.45 | 99.19 | 40.82 | 24.79 | 24.93 | 88.86 | 18.95 | -28.87 | 26.35 | 76.73 | 21.68 | 65.12 | 17.15 | 86.21 | 14.89 | 79.61 | 0.69 | 9.52 | 45.64 | 8.1 | 19.78 | 94.88 | 94.34 | 7.2 | 5.66 | -52.83 | 0.00 | 0 | 30.69 | -23.1 |
| 2015 (2) | 1.23 | 20.59 | 32.71 | 23.06 | 13.20 | 33.87 | 26.65 | -5.37 | 14.91 | 37.93 | 13.13 | 37.78 | 9.21 | 16.14 | 8.29 | 21.55 | 0.63 | -11.27 | 42.22 | 6.97 | 10.15 | -17.95 | 88.00 | -2.49 | 12.00 | 23.0 | 0.00 | 0 | 39.91 | 20.36 |
| 2014 (1) | 1.02 | 92.45 | 26.58 | 0 | 9.86 | 0 | 28.16 | -13.05 | 10.81 | 0 | 9.53 | 0 | 7.93 | 0 | 6.82 | 0 | 0.71 | 12.7 | 39.47 | 0.89 | 12.37 | -45.53 | 90.24 | 41.81 | 9.76 | -73.17 | 0.00 | 0 | 33.16 | -7.53 |
