- 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) | 0.70 | -35.19 | -38.05 | 26.18 | -5.32 | -0.11 | 19.37 | -2.42 | 3.2 | 17.06 | -36.03 | -44.43 | 13.65 | -36.27 | -44.42 | 3.39 | -34.17 | -41.04 | 2.74 | -34.61 | -43.27 | 0.20 | 0.0 | 0.0 | 18.09 | -34.69 | -42.57 | 16.13 | -49.64 | 22.01 | 114.58 | 54.17 | 86.2 | -14.58 | -156.8 | -137.92 | 9.11 | -7.23 | -13.4 |
| 24Q2 (19) | 1.08 | -0.92 | 28.57 | 27.65 | 6.59 | 7.84 | 19.85 | 11.14 | 17.87 | 26.67 | -21.7 | -2.31 | 21.42 | -21.39 | 0.85 | 5.15 | -0.19 | 21.46 | 4.19 | -7.1 | 19.03 | 0.20 | 17.65 | 17.65 | 27.70 | -21.51 | -3.48 | 32.03 | 120.29 | 28.02 | 74.32 | 42.93 | 21.81 | 25.68 | -46.51 | -34.14 | 9.82 | -20.68 | -13.1 |
| 24Q1 (18) | 1.09 | 186.84 | 94.64 | 25.94 | -1.48 | 4.26 | 17.86 | -5.3 | 6.75 | 34.06 | 227.19 | 91.03 | 27.25 | 227.92 | 91.09 | 5.16 | 175.94 | 83.63 | 4.51 | 173.33 | 83.33 | 0.17 | -15.0 | 0.0 | 35.29 | 209.02 | 82.38 | 14.54 | 1.68 | -9.91 | 52.00 | -71.83 | -43.67 | 48.00 | 159.43 | 836.0 | 12.38 | 31.14 | 13.27 |
| 23Q4 (17) | 0.38 | -66.37 | 40.74 | 26.33 | 0.46 | 4.78 | 18.86 | 0.48 | 9.97 | 10.41 | -66.09 | 15.28 | 8.31 | -66.16 | 15.1 | 1.87 | -67.48 | 37.5 | 1.65 | -65.84 | 36.36 | 0.20 | 0.0 | 17.65 | 11.42 | -63.75 | 10.44 | 14.30 | 8.17 | 12.51 | 184.62 | 200.0 | -5.05 | -80.77 | -310.0 | 9.13 | 9.44 | -10.27 | -4.74 |
| 23Q3 (16) | 1.13 | 34.52 | 32.94 | 26.21 | 2.22 | 58.46 | 18.77 | 11.46 | 182.68 | 30.70 | 12.45 | -2.29 | 24.56 | 15.63 | -2.35 | 5.75 | 35.61 | 28.64 | 4.83 | 37.22 | 28.12 | 0.20 | 17.65 | 33.33 | 31.50 | 9.76 | -3.96 | 13.22 | -47.16 | 7.48 | 61.54 | 0.85 | 197.44 | 38.46 | -1.34 | -51.51 | 10.52 | -6.9 | -16.64 |
| 23Q2 (15) | 0.84 | 50.0 | 5.0 | 25.64 | 3.05 | 30.75 | 16.84 | 0.66 | 39.98 | 27.30 | 53.11 | 29.94 | 21.24 | 48.95 | 26.88 | 4.24 | 50.89 | 1.19 | 3.52 | 43.09 | 0.86 | 0.17 | 0.0 | -19.05 | 28.70 | 48.32 | 30.16 | 25.02 | 55.02 | -0.12 | 61.02 | -33.9 | 4.87 | 38.98 | 660.17 | -10.66 | 11.30 | 3.39 | 25.98 |
| 23Q1 (14) | 0.56 | 107.41 | -26.32 | 24.88 | -0.99 | 28.78 | 16.73 | -2.45 | 38.38 | 17.83 | 97.45 | -11.25 | 14.26 | 97.51 | -11.26 | 2.81 | 106.62 | -28.86 | 2.46 | 103.31 | -27.43 | 0.17 | 0.0 | -19.05 | 19.35 | 87.14 | -8.9 | 16.14 | 26.99 | 4.74 | 92.31 | -52.53 | 54.84 | 5.13 | 105.77 | -87.3 | 10.93 | 10.29 | 14.33 |
| 22Q4 (13) | 0.27 | -68.24 | -57.81 | 25.13 | 51.93 | 27.5 | 17.15 | 158.28 | 22.15 | 9.03 | -71.26 | -26.88 | 7.22 | -71.29 | -26.92 | 1.36 | -69.57 | -60.81 | 1.21 | -67.9 | -59.53 | 0.17 | 13.33 | -43.33 | 10.34 | -68.48 | -21.49 | 12.71 | 3.33 | -26.28 | 194.44 | 839.81 | 71.11 | -88.89 | -212.08 | -551.85 | 9.91 | -21.47 | 59.58 |
| 22Q3 (12) | 0.85 | 6.25 | 112.5 | 16.54 | -15.66 | 2.16 | 6.64 | -44.8 | -32.31 | 31.42 | 49.55 | 204.46 | 25.15 | 50.24 | 206.71 | 4.47 | 6.68 | 109.86 | 3.77 | 8.02 | 102.69 | 0.15 | -28.57 | -34.78 | 32.80 | 48.75 | 184.72 | 12.30 | -50.9 | -17.12 | 20.69 | -64.44 | -77.72 | 79.31 | 81.75 | 2120.69 | 12.62 | 40.69 | 50.96 |
| 22Q2 (11) | 0.80 | 5.26 | 175.86 | 19.61 | 1.5 | 5.94 | 12.03 | -0.5 | 5.71 | 21.01 | 4.58 | 179.76 | 16.74 | 4.17 | 188.12 | 4.19 | 6.08 | 177.48 | 3.49 | 2.95 | 170.54 | 0.21 | 0.0 | -4.55 | 22.05 | 3.81 | 153.45 | 25.05 | 62.56 | 73.72 | 58.18 | -2.4 | -60.59 | 43.64 | 8.05 | 183.31 | 8.97 | -6.17 | 11.43 |
| 22Q1 (10) | 0.76 | 18.75 | 10.14 | 19.32 | -1.98 | -18.72 | 12.09 | -13.89 | -29.71 | 20.09 | 62.67 | 15.93 | 16.07 | 62.65 | 14.3 | 3.95 | 13.83 | 7.63 | 3.39 | 13.38 | 8.31 | 0.21 | -30.0 | -4.55 | 21.24 | 61.28 | 15.12 | 15.41 | -10.61 | -23.14 | 59.62 | -47.54 | -40.38 | 40.38 | 396.15 | 0 | 9.56 | 53.95 | 0.95 |
| 21Q4 (9) | 0.64 | 60.0 | 6.67 | 19.71 | 21.74 | -14.93 | 14.04 | 43.12 | -22.22 | 12.35 | 19.67 | -14.53 | 9.88 | 20.49 | -16.84 | 3.47 | 62.91 | 6.12 | 2.99 | 60.75 | 4.55 | 0.30 | 30.43 | 25.0 | 13.17 | 14.32 | -15.47 | 17.24 | 16.17 | 20.73 | 113.64 | 22.38 | -9.09 | -13.64 | -481.82 | 45.45 | 6.21 | -25.72 | -18.82 |
| 21Q3 (8) | 0.40 | 37.93 | -28.57 | 16.19 | -12.53 | -34.48 | 9.81 | -13.8 | -45.98 | 10.32 | 37.42 | -33.16 | 8.20 | 41.14 | -31.78 | 2.13 | 41.06 | -33.23 | 1.86 | 44.19 | -28.74 | 0.23 | 4.55 | 4.55 | 11.52 | 32.41 | -30.89 | 14.84 | 2.91 | 1.85 | 92.86 | -37.1 | -20.97 | 3.57 | 106.82 | 120.41 | 8.36 | 3.85 | -8.53 |
| 21Q2 (7) | 0.29 | -57.97 | 45.0 | 18.51 | -22.13 | -16.85 | 11.38 | -33.84 | 7.36 | 7.51 | -56.66 | 13.1 | 5.81 | -58.68 | 9.42 | 1.51 | -58.86 | 39.81 | 1.29 | -58.79 | 46.59 | 0.22 | 0.0 | 29.41 | 8.70 | -52.85 | 4.95 | 14.42 | -28.08 | -51.5 | 147.62 | 47.62 | -6.06 | -52.38 | 0 | 8.33 | 8.05 | -14.99 | 0 |
| 21Q1 (6) | 0.69 | 15.0 | -4.17 | 23.77 | 2.59 | 1.97 | 17.20 | -4.71 | 4.24 | 17.33 | 19.93 | -7.03 | 14.06 | 18.35 | -5.7 | 3.67 | 12.23 | -3.67 | 3.13 | 9.44 | -5.15 | 0.22 | -8.33 | 0.0 | 18.45 | 18.42 | -7.38 | 20.05 | 40.41 | 32.78 | 100.00 | -20.0 | 13.64 | 0.00 | 100.0 | -100.0 | 9.47 | 23.79 | 1.72 |
| 20Q4 (5) | 0.60 | 7.14 | 100.0 | 23.17 | -6.23 | 3.07 | 18.05 | -0.61 | 38.85 | 14.45 | -6.41 | 78.62 | 11.88 | -1.16 | 83.62 | 3.27 | 2.51 | 101.85 | 2.86 | 9.58 | 105.76 | 0.24 | 9.09 | 14.29 | 15.58 | -6.54 | 64.17 | 14.28 | -1.99 | -10.97 | 125.00 | 6.38 | -24.24 | -25.00 | -42.86 | 58.33 | 7.65 | -16.3 | -12.47 |
| 20Q3 (4) | 0.56 | 180.0 | 0.0 | 24.71 | 11.01 | 0.0 | 18.16 | 71.32 | 0.0 | 15.44 | 132.53 | 0.0 | 12.02 | 126.37 | 0.0 | 3.19 | 195.37 | 0.0 | 2.61 | 196.59 | 0.0 | 0.22 | 29.41 | 0.0 | 16.67 | 101.09 | 0.0 | 14.57 | -50.99 | 0.0 | 117.50 | -25.23 | 0.0 | -17.50 | 69.38 | 0.0 | 9.14 | 0 | 0.0 |
| 20Q2 (3) | 0.20 | -72.22 | 0.0 | 22.26 | -4.5 | 0.0 | 10.60 | -35.76 | 0.0 | 6.64 | -64.38 | 0.0 | 5.31 | -64.39 | 0.0 | 1.08 | -71.65 | 0.0 | 0.88 | -73.33 | 0.0 | 0.17 | -22.73 | 0.0 | 8.29 | -58.38 | 0.0 | 29.73 | 96.89 | 0.0 | 157.14 | 78.57 | 0.0 | -57.14 | -576.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.72 | 140.0 | 0.0 | 23.31 | 3.69 | 0.0 | 16.50 | 26.92 | 0.0 | 18.64 | 130.41 | 0.0 | 14.91 | 130.45 | 0.0 | 3.81 | 135.19 | 0.0 | 3.30 | 137.41 | 0.0 | 0.22 | 4.76 | 0.0 | 19.92 | 109.91 | 0.0 | 15.10 | -5.86 | 0.0 | 88.00 | -46.67 | 0.0 | 12.00 | 120.0 | 0.0 | 9.31 | 6.52 | 0.0 |
| 19Q4 (1) | 0.30 | 0.0 | 0.0 | 22.48 | 0.0 | 0.0 | 13.00 | 0.0 | 0.0 | 8.09 | 0.0 | 0.0 | 6.47 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 1.39 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 9.49 | 0.0 | 0.0 | 16.04 | 0.0 | 0.0 | 165.00 | 0.0 | 0.0 | -60.00 | 0.0 | 0.0 | 8.74 | 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) | 2.91 | 8.99 | 25.81 | 28.22 | 17.88 | 47.89 | 1.06 | -19.41 | 21.48 | 6.34 | 17.04 | 5.58 | 14.44 | 4.18 | 12.72 | 5.47 | 0.75 | 0.0 | 22.64 | 5.11 | 14.30 | 12.51 | 83.17 | 39.12 | 16.83 | -58.15 | 0.00 | 0 | 10.50 | 4.06 |
| 2022 (9) | 2.67 | 31.53 | 20.13 | 2.91 | 12.09 | -8.2 | 1.32 | 28.9 | 20.20 | 69.89 | 16.14 | 69.89 | 13.86 | 27.74 | 12.06 | 28.57 | 0.75 | -24.24 | 21.54 | 66.2 | 12.71 | -26.28 | 59.78 | -46.04 | 40.22 | 0 | 0.00 | 0 | 10.09 | 27.88 |
| 2021 (8) | 2.03 | -2.4 | 19.56 | -16.48 | 13.17 | -18.45 | 1.02 | -20.91 | 11.89 | -16.39 | 9.50 | -16.52 | 10.85 | -3.21 | 9.38 | -3.7 | 0.99 | 15.12 | 12.96 | -16.49 | 17.24 | 20.73 | 110.79 | -2.2 | -10.79 | 0 | 0.00 | 0 | 7.89 | -13.86 |
| 2020 (7) | 2.08 | -11.11 | 23.42 | 0.82 | 16.15 | 5.07 | 1.29 | 4.08 | 14.22 | -8.14 | 11.38 | -7.55 | 11.21 | -10.39 | 9.74 | -9.48 | 0.86 | -1.15 | 15.52 | -7.23 | 14.28 | -10.97 | 113.29 | 13.99 | -13.29 | 0 | 0.00 | 0 | 9.16 | 0.88 |
| 2019 (6) | 2.34 | -26.42 | 23.23 | -3.57 | 15.37 | -10.48 | 1.24 | 8.89 | 15.48 | -18.91 | 12.31 | -19.75 | 12.51 | -27.39 | 10.76 | -26.35 | 0.87 | -8.42 | 16.73 | -17.14 | 16.04 | -3.14 | 99.38 | 10.54 | 0.62 | -93.88 | 0.00 | 0 | 9.08 | 3.42 |
| 2018 (5) | 3.18 | 27.71 | 24.09 | 5.33 | 17.17 | 5.79 | 1.14 | 12.9 | 19.09 | 35.87 | 15.34 | 32.7 | 17.23 | 24.4 | 14.61 | 25.19 | 0.95 | -5.94 | 20.19 | 33.89 | 16.56 | -14.46 | 89.91 | -22.2 | 10.09 | 0 | 0.00 | 0 | 8.78 | 4.52 |
| 2017 (4) | 2.49 | -17.0 | 22.87 | -3.5 | 16.23 | -3.39 | 1.01 | 9.0 | 14.05 | -17.16 | 11.56 | -16.95 | 13.85 | -18.53 | 11.67 | -18.73 | 1.01 | -1.94 | 15.08 | -15.66 | 19.36 | 6.78 | 115.57 | 16.73 | -15.57 | 0 | 0.00 | 0 | 8.40 | 1.2 |
| 2016 (3) | 3.00 | 1.35 | 23.70 | 14.11 | 16.80 | 14.6 | 0.93 | -22.59 | 16.96 | 7.21 | 13.92 | 6.99 | 17.00 | -3.68 | 14.36 | -2.18 | 1.03 | -8.85 | 17.88 | 5.11 | 18.13 | -3.1 | 99.00 | 7.12 | 1.00 | -86.87 | 0.00 | 0 | 8.30 | 8.92 |
| 2015 (2) | 2.96 | 26.5 | 20.77 | 29.49 | 14.66 | 37.52 | 1.20 | -9.83 | 15.82 | 41.88 | 13.01 | 44.4 | 17.65 | 20.07 | 14.68 | 21.93 | 1.13 | -15.67 | 17.01 | 36.63 | 18.71 | -14.25 | 92.42 | -3.32 | 7.58 | 72.08 | 0.00 | 0 | 7.62 | 16.87 |
| 2014 (1) | 2.34 | -8.24 | 16.04 | 0 | 10.66 | 0 | 1.33 | -7.97 | 11.15 | 0 | 9.01 | 0 | 14.70 | 0 | 12.04 | 0 | 1.34 | 5.51 | 12.45 | -14.67 | 21.82 | -2.5 | 95.60 | -0.95 | 4.40 | 8.18 | 0.00 | 0 | 6.52 | -2.83 |
