- 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) | 0.85 | 102.38 | 70.0 | 55.29 | -1.92 | -0.91 | 21.12 | 72.55 | 56.44 | 21.12 | 55.52 | 47.8 | 16.89 | 57.26 | 47.77 | 4.27 | 100.47 | 65.5 | 3.31 | 98.2 | 78.92 | 0.19 | 26.67 | 18.75 | 25.70 | 29.54 | 30.39 | 28.38 | -14.31 | -36.4 | 100.00 | 9.68 | 5.26 | 0.00 | -100.0 | -100.0 | 31.93 | -18.96 | -12.11 |
| 24Q2 (19) | 0.42 | 180.0 | 950.0 | 56.37 | 16.83 | 13.03 | 12.24 | 283.7 | 1411.11 | 13.58 | 163.69 | 936.64 | 10.74 | 160.68 | 858.93 | 2.13 | 180.26 | 1021.05 | 1.67 | 165.08 | 827.78 | 0.15 | 7.14 | 15.38 | 19.84 | 66.58 | 139.32 | 33.12 | 11.74 | -18.12 | 91.18 | 56.3 | 36.76 | 8.82 | -78.82 | -73.53 | 39.40 | -3.9 | -12.09 |
| 24Q1 (18) | 0.15 | -11.76 | -76.19 | 48.25 | 3.96 | -14.08 | 3.19 | -41.04 | -81.36 | 5.15 | -10.12 | -69.6 | 4.12 | -5.29 | -69.59 | 0.76 | -12.64 | -73.33 | 0.63 | -7.35 | -71.23 | 0.14 | 0.0 | -12.5 | 11.91 | -3.17 | -47.09 | 29.64 | -6.56 | -9.94 | 58.33 | -41.67 | -41.67 | 41.67 | 483.33 | 0 | 41.00 | 16.81 | 11.44 |
| 23Q4 (17) | 0.17 | -66.0 | -78.75 | 46.41 | -16.83 | -21.42 | 5.41 | -59.93 | -75.09 | 5.73 | -59.9 | -72.14 | 4.35 | -61.94 | -73.56 | 0.87 | -66.28 | -76.74 | 0.68 | -63.24 | -75.63 | 0.14 | -12.5 | -17.65 | 12.30 | -37.6 | -52.14 | 31.72 | -28.91 | -2.01 | 100.00 | 5.26 | -4.84 | 7.14 | 42.86 | 240.48 | 35.10 | -3.39 | -0.26 |
| 23Q3 (16) | 0.50 | 1150.0 | -66.67 | 55.80 | 11.89 | -7.03 | 13.50 | 1566.67 | -51.82 | 14.29 | 990.84 | -52.01 | 11.43 | 920.54 | -51.97 | 2.58 | 1257.89 | -64.9 | 1.85 | 927.78 | -64.49 | 0.16 | 23.08 | -27.27 | 19.71 | 137.76 | -41.36 | 44.62 | 10.31 | 13.16 | 95.00 | 42.5 | 0.53 | 5.00 | -85.0 | -9.17 | 36.33 | -18.94 | 25.28 |
| 23Q2 (15) | 0.04 | -93.65 | -96.69 | 49.87 | -11.2 | -15.75 | 0.81 | -95.27 | -96.7 | 1.31 | -92.27 | -94.85 | 1.12 | -91.73 | -94.48 | 0.19 | -93.33 | -96.6 | 0.18 | -91.78 | -95.54 | 0.13 | -18.75 | -35.0 | 8.29 | -63.17 | -72.13 | 40.45 | 22.91 | -7.86 | 66.67 | -33.33 | -31.62 | 33.33 | 0 | 788.89 | 44.82 | 21.83 | 42.29 |
| 23Q1 (14) | 0.63 | -21.25 | 0.0 | 56.16 | -4.91 | -1.14 | 17.11 | -21.22 | 14.68 | 16.94 | -17.65 | 4.5 | 13.55 | -17.63 | 4.55 | 2.85 | -23.8 | -2.4 | 2.19 | -21.51 | -0.45 | 0.16 | -5.88 | -5.88 | 22.51 | -12.41 | 5.19 | 32.91 | 1.67 | -3.94 | 100.00 | -4.84 | 10.53 | 0.00 | 100.0 | -100.0 | 36.79 | 4.55 | -1.42 |
| 22Q4 (13) | 0.80 | -46.67 | -31.03 | 59.06 | -1.6 | -10.16 | 21.72 | -22.48 | -13.05 | 20.57 | -30.93 | -21.16 | 16.45 | -30.88 | -20.45 | 3.74 | -49.12 | -33.33 | 2.79 | -46.45 | -33.25 | 0.17 | -22.73 | -15.0 | 25.70 | -23.53 | -15.49 | 32.37 | -17.91 | -2.76 | 105.08 | 11.21 | 9.34 | -5.08 | -192.37 | -230.51 | 35.19 | 21.34 | 4.11 |
| 22Q3 (12) | 1.50 | 23.97 | 130.77 | 60.02 | 1.4 | 1.87 | 28.02 | 14.09 | 73.93 | 29.78 | 17.15 | 65.35 | 23.80 | 17.24 | 65.28 | 7.35 | 31.48 | 123.4 | 5.21 | 28.96 | 114.4 | 0.22 | 10.0 | 29.41 | 33.61 | 12.97 | 43.45 | 39.43 | -10.18 | 8.26 | 94.50 | -3.08 | 6.93 | 5.50 | 46.79 | -52.66 | 29.00 | -7.94 | -22.5 |
| 22Q2 (11) | 1.21 | 92.06 | 23.47 | 59.19 | 4.19 | 0.44 | 24.56 | 64.61 | 8.24 | 25.42 | 56.82 | 11.79 | 20.30 | 56.64 | 12.22 | 5.59 | 91.44 | 10.04 | 4.04 | 83.64 | 6.88 | 0.20 | 17.65 | -4.76 | 29.75 | 39.02 | 9.09 | 43.90 | 28.14 | 19.85 | 97.50 | 7.76 | -2.5 | 3.75 | -47.5 | 0 | 31.50 | -15.59 | 5.07 |
| 22Q1 (10) | 0.63 | -45.69 | 43.18 | 56.81 | -13.58 | 3.63 | 14.92 | -40.27 | 11.68 | 16.21 | -37.87 | 22.9 | 12.96 | -37.33 | 22.84 | 2.92 | -47.95 | 25.32 | 2.20 | -47.37 | 22.91 | 0.17 | -15.0 | 0.0 | 21.40 | -29.63 | 9.97 | 34.26 | 2.91 | 2.54 | 90.48 | -5.86 | -12.54 | 7.14 | 83.33 | 0 | 37.32 | 10.41 | 3.27 |
| 21Q4 (9) | 1.16 | 78.46 | 205.26 | 65.74 | 11.58 | 23.09 | 24.98 | 55.06 | 141.35 | 26.09 | 44.86 | 118.88 | 20.68 | 43.61 | 117.0 | 5.61 | 70.52 | 172.33 | 4.18 | 72.02 | 164.56 | 0.20 | 17.65 | 25.0 | 30.41 | 29.79 | 65.27 | 33.29 | -8.59 | 4.78 | 96.10 | 8.75 | 9.21 | 3.90 | -66.49 | -67.53 | 33.80 | -9.67 | -1.4 |
| 21Q3 (8) | 0.65 | -33.67 | 364.29 | 58.92 | -0.02 | 5.74 | 16.11 | -29.0 | 163.24 | 18.01 | -20.8 | 247.68 | 14.40 | -20.4 | 247.83 | 3.29 | -35.24 | 316.46 | 2.43 | -35.71 | 305.0 | 0.17 | -19.05 | 21.43 | 23.43 | -14.08 | 78.72 | 36.42 | -0.57 | 0.36 | 88.37 | -11.63 | -27.7 | 11.63 | 0 | 152.33 | 37.42 | 24.82 | -11.2 |
| 21Q2 (7) | 0.98 | 122.73 | 716.67 | 58.93 | 7.5 | 6.62 | 22.69 | 69.84 | 418.04 | 22.74 | 72.4 | 506.4 | 18.09 | 71.47 | 430.5 | 5.08 | 118.03 | 706.35 | 3.78 | 111.17 | 656.0 | 0.21 | 23.53 | 61.54 | 27.27 | 40.13 | 145.45 | 36.63 | 9.64 | -8.63 | 100.00 | -3.33 | -12.5 | 0.00 | 0 | 100.0 | 29.98 | -17.04 | 0 |
| 21Q1 (6) | 0.44 | 15.79 | 266.67 | 54.82 | 2.64 | 2.89 | 13.36 | 29.08 | 296.44 | 13.19 | 10.65 | 217.83 | 10.55 | 10.7 | 217.77 | 2.33 | 13.11 | 275.81 | 1.79 | 13.29 | 265.31 | 0.17 | 6.25 | 21.43 | 19.46 | 5.76 | 69.51 | 33.41 | 5.16 | -5.46 | 103.45 | 17.55 | 37.93 | 0.00 | -100.0 | -100.0 | 36.14 | 5.43 | -16.84 |
| 20Q4 (5) | 0.38 | 171.43 | 22.58 | 53.41 | -4.15 | -5.89 | 10.35 | 69.12 | 2.17 | 11.92 | 130.12 | 14.51 | 9.53 | 130.19 | 14.41 | 2.06 | 160.76 | 21.89 | 1.58 | 163.33 | 27.42 | 0.16 | 14.29 | 14.29 | 18.40 | 40.35 | 7.16 | 31.77 | -12.46 | -14.57 | 88.00 | -28.0 | -7.6 | 12.00 | 154.0 | 152.0 | 34.28 | -18.65 | 0 |
| 20Q3 (4) | 0.14 | 16.67 | 0.0 | 55.72 | 0.81 | 0.0 | 6.12 | 39.73 | 0.0 | 5.18 | 38.13 | 0.0 | 4.14 | 21.41 | 0.0 | 0.79 | 25.4 | 0.0 | 0.60 | 20.0 | 0.0 | 0.14 | 7.69 | 0.0 | 13.11 | 18.0 | 0.0 | 36.29 | -9.48 | 0.0 | 122.22 | 6.94 | 0.0 | -22.22 | -55.56 | 0.0 | 42.14 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 0.0 | 0.0 | 55.27 | 3.73 | 0.0 | 4.38 | 29.97 | 0.0 | 3.75 | -9.64 | 0.0 | 3.41 | 2.71 | 0.0 | 0.63 | 1.61 | 0.0 | 0.50 | 2.04 | 0.0 | 0.13 | -7.14 | 0.0 | 11.11 | -3.22 | 0.0 | 40.09 | 13.44 | 0.0 | 114.29 | 52.38 | 0.0 | -14.29 | -214.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | -61.29 | 0.0 | 53.28 | -6.11 | 0.0 | 3.37 | -66.73 | 0.0 | 4.15 | -60.13 | 0.0 | 3.32 | -60.14 | 0.0 | 0.62 | -63.31 | 0.0 | 0.49 | -60.48 | 0.0 | 0.14 | 0.0 | 0.0 | 11.48 | -33.14 | 0.0 | 35.34 | -4.97 | 0.0 | 75.00 | -21.25 | 0.0 | 12.50 | 162.5 | 0.0 | 43.46 | 0 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 56.75 | 0.0 | 0.0 | 10.13 | 0.0 | 0.0 | 10.41 | 0.0 | 0.0 | 8.33 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 17.17 | 0.0 | 0.0 | 37.19 | 0.0 | 0.0 | 95.24 | 0.0 | 0.0 | 4.76 | 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) | 1.28 | -67.84 | 52.32 | -11.19 | 9.76 | -57.4 | 5.59 | 34.14 | 10.12 | -57.23 | 8.06 | -57.38 | 6.45 | -66.68 | 5.07 | -65.46 | 0.61 | -20.78 | 16.19 | -42.45 | 31.72 | -2.01 | 96.12 | -0.79 | 3.88 | 24.7 | 0.18 | -24.91 | 37.96 | 15.63 |
| 2022 (9) | 3.98 | 23.22 | 58.91 | -1.8 | 22.91 | 15.42 | 4.17 | -13.1 | 23.66 | 14.97 | 18.91 | 15.45 | 19.36 | 19.73 | 14.68 | 19.54 | 0.77 | 4.05 | 28.13 | 9.8 | 32.37 | -2.76 | 96.89 | 0.16 | 3.11 | -16.7 | 0.24 | -28.86 | 32.83 | -3.67 |
| 2021 (8) | 3.23 | 325.0 | 59.99 | 10.32 | 19.85 | 219.13 | 4.80 | -28.68 | 20.58 | 217.59 | 16.38 | 210.82 | 16.17 | 299.26 | 12.28 | 288.61 | 0.74 | 29.82 | 25.62 | 86.73 | 33.29 | 4.78 | 96.73 | 0.85 | 3.74 | -8.41 | 0.33 | 9.1 | 34.08 | -15.31 |
| 2020 (7) | 0.76 | -17.39 | 54.38 | -2.58 | 6.22 | -13.01 | 6.73 | 31.54 | 6.48 | -17.66 | 5.27 | -15.41 | 4.05 | -18.35 | 3.16 | -16.18 | 0.57 | -1.72 | 13.72 | 2.16 | 31.77 | -14.57 | 95.92 | 4.48 | 4.08 | -58.5 | 0.31 | 3.6 | 40.24 | 2.73 |
| 2019 (6) | 0.92 | -55.34 | 55.82 | -0.62 | 7.15 | -48.49 | 5.12 | 66.34 | 7.87 | -45.72 | 6.23 | -48.89 | 4.96 | -51.66 | 3.77 | -51.73 | 0.58 | -7.94 | 13.43 | -24.72 | 37.19 | -0.72 | 91.80 | -4.13 | 9.84 | 132.13 | 0.30 | -20.41 | 39.17 | 6.64 |
| 2018 (5) | 2.06 | 11.35 | 56.17 | 0.57 | 13.88 | 3.12 | 3.08 | 4.69 | 14.50 | 1.97 | 12.19 | 2.44 | 10.26 | 7.43 | 7.81 | 3.99 | 0.63 | 1.61 | 17.84 | 2.0 | 37.46 | 33.69 | 95.76 | 1.45 | 4.24 | -24.44 | 0.37 | 0 | 36.73 | 1.66 |
| 2017 (4) | 1.85 | -42.01 | 55.85 | 1.82 | 13.46 | -30.62 | 2.94 | 11.75 | 14.22 | -25.04 | 11.90 | -28.66 | 9.55 | -40.13 | 7.51 | -38.29 | 0.62 | -13.89 | 17.49 | -20.43 | 28.02 | -8.88 | 94.39 | -7.36 | 5.61 | 0 | 0.00 | 0 | 36.13 | 12.03 |
| 2016 (3) | 3.19 | 81.25 | 54.85 | 3.24 | 19.40 | 53.12 | 2.63 | -20.05 | 18.97 | 53.23 | 16.68 | 57.95 | 15.95 | 72.99 | 12.17 | 75.61 | 0.72 | 14.29 | 21.98 | 36.01 | 30.75 | -13.01 | 101.89 | -1.4 | -2.52 | 0 | 0.00 | 0 | 32.25 | -9.13 |
| 2015 (2) | 1.76 | -26.36 | 53.13 | -3.44 | 12.67 | -8.85 | 3.29 | 8.21 | 12.38 | -17.25 | 10.56 | -23.53 | 9.22 | -28.36 | 6.93 | -29.93 | 0.63 | -11.27 | 16.16 | -13.26 | 35.35 | -11.54 | 103.33 | 11.21 | -2.22 | 0 | 0.00 | 0 | 35.49 | 2.16 |
| 2014 (1) | 2.39 | 18.91 | 55.02 | 0 | 13.90 | 0 | 3.04 | 16.1 | 14.96 | 0 | 13.81 | 0 | 12.87 | 0 | 9.89 | 0 | 0.71 | -6.58 | 18.63 | 9.98 | 39.96 | 75.65 | 92.92 | 10.62 | 7.08 | -58.36 | 0.00 | 0 | 34.74 | 0.09 |
