- 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) | 1.26 | -1.56 | 22.33 | 28.60 | -5.92 | 8.09 | 18.09 | -11.41 | 6.16 | 21.68 | 13.57 | 57.79 | 14.96 | 10.32 | 42.61 | 3.74 | 15.43 | 40.07 | 2.52 | 15.07 | 34.04 | 0.16 | 6.67 | 0.0 | 26.96 | 8.53 | 42.04 | 52.51 | -17.41 | 0.98 | 83.80 | -21.96 | -32.22 | 16.76 | 349.72 | 170.91 | 24.81 | -1.86 | 6.71 |
| 24Q2 (19) | 1.28 | 190.91 | 47.13 | 30.40 | 23.83 | 18.7 | 20.42 | 33.03 | 74.68 | 19.09 | 88.82 | 20.29 | 13.56 | 104.22 | 43.49 | 3.24 | 181.74 | 38.46 | 2.19 | 138.04 | 33.54 | 0.15 | 36.36 | -6.25 | 24.84 | 38.23 | 19.31 | 63.58 | 13.72 | 8.55 | 107.38 | -28.83 | 46.32 | -6.71 | 86.81 | -125.22 | 25.28 | -21.2 | 6.44 |
| 24Q1 (18) | 0.44 | -56.44 | -44.3 | 24.55 | 3.02 | -0.77 | 15.35 | 20.3 | 36.32 | 10.11 | -37.71 | -27.11 | 6.64 | -47.68 | -37.83 | 1.15 | -59.07 | -46.51 | 0.92 | -54.23 | -40.65 | 0.11 | -26.67 | -15.38 | 17.97 | -23.37 | -10.15 | 55.91 | 11.24 | 14.73 | 150.88 | 92.79 | 83.95 | -50.88 | -334.04 | -366.36 | 32.08 | 21.38 | 12.4 |
| 23Q4 (17) | 1.01 | -1.94 | -41.95 | 23.83 | -9.94 | -22.71 | 12.76 | -25.12 | -24.99 | 16.23 | 18.12 | -22.42 | 12.69 | 20.97 | -16.46 | 2.81 | 5.24 | -38.91 | 2.01 | 6.91 | -35.58 | 0.15 | -6.25 | -25.0 | 23.45 | 23.55 | -6.01 | 50.26 | -3.35 | -4.79 | 78.26 | -36.7 | -3.86 | 21.74 | 191.97 | 16.92 | 26.43 | 13.68 | 15.01 |
| 23Q3 (16) | 1.03 | 18.39 | -28.97 | 26.46 | 3.32 | -9.72 | 17.04 | 45.77 | -5.44 | 13.74 | -13.42 | -25.85 | 10.49 | 11.01 | -20.17 | 2.67 | 14.1 | -33.42 | 1.88 | 14.63 | -29.59 | 0.16 | 0.0 | -20.0 | 18.98 | -8.84 | -15.49 | 52.00 | -11.22 | -1.61 | 123.64 | 68.47 | 27.38 | -23.64 | -188.82 | -903.64 | 23.25 | -2.11 | -0.39 |
| 23Q2 (15) | 0.87 | 10.13 | -26.89 | 25.61 | 3.52 | -11.45 | 11.69 | 3.82 | -35.27 | 15.87 | 14.42 | -12.51 | 9.45 | -11.52 | -24.58 | 2.34 | 8.84 | -30.97 | 1.64 | 5.81 | -28.07 | 0.16 | 23.08 | -11.11 | 20.82 | 4.1 | -7.3 | 58.57 | 20.19 | 2.4 | 73.39 | -10.53 | -26.1 | 26.61 | 39.33 | 3758.87 | 23.75 | -16.78 | 0.17 |
| 23Q1 (14) | 0.79 | -54.6 | 88.1 | 24.74 | -19.75 | -13.35 | 11.26 | -33.8 | 2.74 | 13.87 | -33.7 | 54.63 | 10.68 | -29.69 | 73.66 | 2.15 | -53.26 | 69.29 | 1.55 | -50.32 | 74.16 | 0.13 | -35.0 | -7.14 | 20.00 | -19.84 | 38.6 | 48.73 | -7.69 | 1.02 | 82.02 | 0.76 | -32.89 | 19.10 | 2.73 | 185.96 | 28.54 | 24.19 | 2.96 |
| 22Q4 (13) | 1.74 | 20.0 | 357.89 | 30.83 | 5.19 | 8.67 | 17.01 | -5.6 | 77.0 | 20.92 | 12.9 | 140.46 | 15.19 | 15.6 | 130.15 | 4.60 | 14.71 | 268.0 | 3.12 | 16.85 | 258.62 | 0.20 | 0.0 | 53.85 | 24.95 | 11.09 | 91.78 | 52.79 | -0.11 | 5.81 | 81.41 | -16.13 | -26.42 | 18.59 | 532.16 | 274.77 | 22.98 | -1.54 | -23.02 |
| 22Q3 (12) | 1.45 | 21.85 | 237.21 | 29.31 | 1.35 | 52.74 | 18.02 | -0.22 | 241.94 | 18.53 | 2.15 | 110.33 | 13.14 | 4.87 | 106.6 | 4.01 | 18.29 | 271.3 | 2.67 | 17.11 | 251.32 | 0.20 | 11.11 | 81.82 | 22.46 | 0.0 | 65.27 | 52.85 | -7.6 | 4.86 | 97.06 | -2.27 | 60.52 | 2.94 | 326.47 | -92.56 | 23.34 | -1.56 | -13.87 |
| 22Q2 (11) | 1.19 | 183.33 | 0.85 | 28.92 | 1.3 | -14.59 | 18.06 | 64.78 | -8.09 | 18.14 | 102.23 | -12.03 | 12.53 | 103.74 | -19.27 | 3.39 | 166.93 | -2.31 | 2.28 | 156.18 | -5.0 | 0.18 | 28.57 | 20.0 | 22.46 | 55.65 | -12.16 | 57.20 | 18.57 | 27.0 | 99.31 | -18.75 | 3.89 | 0.69 | 103.1 | -84.37 | 23.71 | -14.47 | -12.99 |
| 22Q1 (10) | 0.42 | 10.53 | -62.5 | 28.55 | 0.63 | -12.05 | 10.96 | 14.05 | -39.38 | 8.97 | 3.1 | -51.72 | 6.15 | -6.82 | -55.88 | 1.27 | 1.6 | -61.63 | 0.89 | 2.3 | -60.96 | 0.14 | 7.69 | -12.5 | 14.43 | 10.91 | -38.44 | 48.24 | -3.31 | 1.47 | 122.22 | 10.47 | 26.16 | -22.22 | -108.89 | -1048.15 | 27.72 | -7.14 | 11.77 |
| 21Q4 (9) | 0.38 | -11.63 | -32.14 | 28.37 | 47.84 | -2.41 | 9.61 | 82.35 | -22.5 | 8.70 | -1.25 | -3.01 | 6.60 | 3.77 | -1.93 | 1.25 | 15.74 | -24.7 | 0.87 | 14.47 | -24.35 | 0.13 | 18.18 | -23.53 | 13.01 | -4.27 | -5.79 | 49.89 | -1.01 | 4.02 | 110.64 | 82.98 | -20.24 | -10.64 | -126.91 | 72.52 | 29.85 | 10.15 | 13.33 |
| 21Q3 (8) | 0.43 | -63.56 | -77.25 | 19.19 | -43.33 | -33.07 | 5.27 | -73.18 | -67.47 | 8.81 | -57.27 | -78.62 | 6.36 | -59.02 | -81.01 | 1.08 | -68.88 | -88.64 | 0.76 | -68.33 | -87.52 | 0.11 | -26.67 | -38.89 | 13.59 | -46.85 | -70.0 | 50.40 | 11.9 | 3.0 | 60.47 | -36.74 | 54.09 | 39.53 | 796.12 | -34.59 | 27.10 | -0.55 | 16.96 |
| 21Q2 (7) | 1.18 | 5.36 | 14.56 | 33.86 | 4.31 | 54.97 | 19.65 | 8.68 | 74.67 | 20.62 | 10.98 | 1.28 | 15.52 | 11.33 | -2.76 | 3.47 | 4.83 | -16.99 | 2.40 | 5.26 | -9.09 | 0.15 | -6.25 | -6.25 | 25.57 | 9.09 | -1.99 | 45.04 | -5.26 | -32.77 | 95.59 | -1.33 | 72.79 | 4.41 | 88.24 | -90.13 | 27.25 | 9.88 | 0 |
| 21Q1 (6) | 1.12 | 100.0 | 300.0 | 32.46 | 11.66 | 11.78 | 18.08 | 45.81 | 35.94 | 18.58 | 107.13 | 904.32 | 13.94 | 107.13 | 2944.9 | 3.31 | 99.4 | 3777.78 | 2.28 | 98.26 | 5600.0 | 0.16 | -5.88 | 45.45 | 23.44 | 69.73 | 125.38 | 47.54 | -0.88 | -21.51 | 96.88 | -30.16 | -86.38 | 2.34 | 106.05 | 100.38 | 24.80 | -5.85 | 0 |
| 20Q4 (5) | 0.56 | -70.37 | -47.17 | 29.07 | 1.4 | 18.03 | 12.40 | -23.46 | -11.24 | 8.97 | -78.23 | -38.56 | 6.73 | -79.9 | -39.1 | 1.66 | -82.54 | -48.77 | 1.15 | -81.12 | -45.75 | 0.17 | -5.56 | -5.56 | 13.81 | -69.51 | -30.85 | 47.96 | -1.98 | -15.95 | 138.71 | 253.49 | 44.96 | -38.71 | -164.04 | -998.06 | 26.34 | 13.68 | 11.99 |
| 20Q3 (4) | 1.89 | 83.5 | 0.0 | 28.67 | 31.21 | 0.0 | 16.20 | 44.0 | 0.0 | 41.20 | 102.36 | 0.0 | 33.49 | 109.84 | 0.0 | 9.51 | 127.51 | 0.0 | 6.09 | 130.68 | 0.0 | 0.18 | 12.5 | 0.0 | 45.30 | 73.63 | 0.0 | 48.93 | -26.96 | 0.0 | 39.24 | -29.07 | 0.0 | 60.44 | 35.28 | 0.0 | 23.17 | 0 | 0.0 |
| 20Q2 (3) | 1.03 | 267.86 | 0.0 | 21.85 | -24.76 | 0.0 | 11.25 | -15.41 | 0.0 | 20.36 | 1000.54 | 0.0 | 15.96 | 3357.14 | 0.0 | 4.18 | 4744.44 | 0.0 | 2.64 | 6500.0 | 0.0 | 0.16 | 45.45 | 0.0 | 26.09 | 150.87 | 0.0 | 66.99 | 10.6 | 0.0 | 55.32 | -92.22 | 0.0 | 44.68 | 107.31 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.28 | -73.58 | 0.0 | 29.04 | 17.9 | 0.0 | 13.30 | -4.8 | 0.0 | 1.85 | -87.33 | 0.0 | -0.49 | -104.43 | 0.0 | -0.09 | -102.78 | 0.0 | 0.04 | -98.11 | 0.0 | 0.11 | -38.89 | 0.0 | 10.40 | -47.92 | 0.0 | 60.57 | 6.15 | 0.0 | 711.11 | 643.14 | 0.0 | -611.11 | -14277.78 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.06 | 0.0 | 0.0 | 24.63 | 0.0 | 0.0 | 13.97 | 0.0 | 0.0 | 14.60 | 0.0 | 0.0 | 11.05 | 0.0 | 0.0 | 3.24 | 0.0 | 0.0 | 2.12 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 19.97 | 0.0 | 0.0 | 57.06 | 0.0 | 0.0 | 95.69 | 0.0 | 0.0 | 4.31 | 0.0 | 0.0 | 23.52 | 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) | 3.69 | -23.12 | 25.22 | -14.57 | 13.31 | -18.99 | 4.63 | 23.03 | 14.94 | -13.99 | 10.78 | -12.36 | 9.97 | -25.21 | 7.13 | -21.65 | 0.61 | -15.28 | 20.81 | -4.1 | 50.26 | -4.79 | 89.07 | -5.96 | 10.93 | 99.99 | 0.04 | 101.8 | 25.31 | 4.89 |
| 2022 (9) | 4.80 | 53.85 | 29.52 | 1.2 | 16.43 | 17.86 | 3.76 | -12.19 | 17.37 | 16.66 | 12.30 | 10.41 | 13.33 | 43.8 | 9.10 | 42.86 | 0.72 | 28.57 | 21.70 | 10.55 | 52.79 | 5.81 | 94.71 | 0.98 | 5.47 | -12.03 | 0.02 | -11.13 | 24.13 | -10.96 |
| 2021 (8) | 3.12 | -17.02 | 29.17 | 7.84 | 13.94 | 4.26 | 4.29 | -11.84 | 14.89 | -25.66 | 11.14 | -28.68 | 9.27 | -37.24 | 6.37 | -35.79 | 0.56 | -9.68 | 19.63 | -23.23 | 49.89 | 4.02 | 93.79 | 40.41 | 6.21 | -81.28 | 0.02 | -1.72 | 27.10 | 0.71 |
| 2020 (7) | 3.76 | 4.74 | 27.05 | 9.69 | 13.37 | 6.28 | 4.86 | 2.16 | 20.03 | 43.89 | 15.62 | 51.8 | 14.77 | 33.18 | 9.92 | 34.78 | 0.62 | -7.46 | 25.57 | 29.6 | 47.96 | -17.76 | 66.79 | -26.25 | 33.21 | 243.14 | 0.02 | 0 | 26.91 | 9.97 |
| 2019 (6) | 3.59 | -18.59 | 24.66 | -6.8 | 12.58 | -14.83 | 4.76 | 29.26 | 13.92 | -4.66 | 10.29 | -10.29 | 11.09 | -26.6 | 7.36 | -23.25 | 0.67 | -16.25 | 19.73 | 3.3 | 58.32 | -6.85 | 90.57 | -10.35 | 9.68 | 0 | 0.00 | 0 | 24.47 | 15.53 |
| 2018 (5) | 4.41 | 56.38 | 26.46 | -4.96 | 14.77 | -1.99 | 3.68 | -1.39 | 14.60 | 16.52 | 11.47 | 19.11 | 15.11 | 30.71 | 9.59 | 28.04 | 0.80 | 6.67 | 19.10 | 12.62 | 62.61 | -4.66 | 101.02 | -16.05 | -1.23 | 0 | 0.02 | 0 | 21.18 | -12.95 |
| 2017 (4) | 2.82 | -40.51 | 27.84 | -3.6 | 15.07 | -5.93 | 3.73 | -10.57 | 12.53 | -39.32 | 9.63 | -42.98 | 11.56 | -40.07 | 7.49 | -39.25 | 0.75 | 4.17 | 16.96 | -33.23 | 65.67 | 17.96 | 120.33 | 55.17 | -20.33 | 0 | 0.00 | 0 | 24.33 | -4.25 |
| 2016 (3) | 4.74 | 37.79 | 28.88 | 19.24 | 16.02 | 27.34 | 4.18 | 4.41 | 20.65 | 43.9 | 16.89 | 53.41 | 19.29 | 30.07 | 12.33 | 34.75 | 0.72 | -11.11 | 25.40 | 33.61 | 55.67 | -11.49 | 77.55 | -11.53 | 22.45 | 81.84 | 0.00 | 0 | 25.41 | 19.13 |
| 2015 (2) | 3.44 | 41.56 | 24.22 | 27.34 | 12.58 | 50.12 | 4.00 | 5.13 | 14.35 | 58.04 | 11.01 | 57.74 | 14.83 | 33.84 | 9.15 | 40.12 | 0.81 | -8.99 | 19.01 | 40.09 | 62.90 | -11.98 | 87.65 | -4.95 | 12.35 | 58.73 | 0.00 | 0 | 21.33 | 10.12 |
| 2014 (1) | 2.43 | 35.0 | 19.02 | 0 | 8.38 | 0 | 3.80 | -11.73 | 9.08 | 0 | 6.98 | 0 | 11.08 | 0 | 6.53 | 0 | 0.89 | 18.67 | 13.57 | -3.9 | 71.46 | -17.31 | 92.22 | 11.28 | 7.78 | -54.59 | 0.00 | 0 | 19.37 | -1.53 |
