- 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) | 1.54 | -17.2 | -19.79 | 48.02 | -7.21 | -0.58 | 35.40 | -4.12 | 2.79 | 34.20 | -18.9 | -21.18 | 26.89 | -21.12 | -22.17 | 3.10 | -18.21 | -25.12 | 2.32 | -21.62 | -29.7 | 0.08 | -11.11 | -11.11 | 43.05 | -15.09 | -16.59 | 43.50 | 27.72 | 76.4 | 103.95 | 18.42 | 30.28 | -3.95 | -132.3 | -119.53 | 31.56 | -8.76 | 5.2 |
| 24Q2 (19) | 1.86 | -13.08 | 4.49 | 51.75 | 5.27 | 7.63 | 36.92 | 2.02 | 11.1 | 42.17 | -6.74 | 1.57 | 34.09 | -5.57 | 16.99 | 3.79 | -12.47 | 5.57 | 2.96 | -15.43 | 2.78 | 0.09 | -10.0 | -10.0 | 50.70 | -4.38 | 1.87 | 34.06 | 42.15 | 19.76 | 87.78 | 9.72 | 9.42 | 12.22 | -38.89 | -38.21 | 34.59 | 9.91 | 20.48 |
| 24Q1 (18) | 2.14 | 87.72 | 29.7 | 49.16 | -2.73 | 12.31 | 36.19 | 8.84 | -4.13 | 45.22 | 69.11 | 17.45 | 36.10 | 67.36 | 17.17 | 4.33 | 82.7 | 28.87 | 3.50 | 82.29 | 27.74 | 0.10 | 11.11 | 11.11 | 53.02 | 50.97 | 10.07 | 23.96 | -4.73 | 2.09 | 80.00 | -35.29 | -17.78 | 20.00 | 184.62 | 1380.0 | 31.47 | -7.69 | 11.64 |
| 23Q4 (17) | 1.14 | -40.63 | 83.87 | 50.54 | 4.64 | 11.47 | 33.25 | -3.46 | 41.73 | 26.74 | -38.37 | 60.6 | 21.57 | -37.57 | 65.03 | 2.37 | -42.75 | 82.31 | 1.92 | -41.82 | 79.44 | 0.09 | 0.0 | 12.5 | 35.12 | -31.95 | 29.79 | 25.15 | 1.99 | 3.03 | 123.64 | 54.96 | -13.45 | -23.64 | -216.94 | 44.85 | 34.09 | 13.63 | 9.72 |
| 23Q3 (16) | 1.92 | 7.87 | 1.05 | 48.30 | 0.46 | 2.11 | 34.44 | 3.64 | 4.24 | 43.39 | 4.5 | -12.78 | 34.55 | 18.57 | -12.75 | 4.14 | 15.32 | 1.22 | 3.30 | 14.58 | 2.17 | 0.09 | -10.0 | 12.5 | 51.61 | 3.7 | -13.81 | 24.66 | -13.29 | 9.02 | 79.79 | -0.54 | 20.38 | 20.21 | 2.19 | -40.06 | 30.00 | 4.49 | -4.18 |
| 23Q2 (15) | 1.78 | 7.88 | 14.1 | 48.08 | 9.85 | 11.27 | 33.23 | -11.97 | 9.24 | 41.52 | 7.84 | 9.93 | 29.14 | -5.42 | -9.64 | 3.59 | 6.85 | 8.79 | 2.88 | 5.11 | 7.06 | 0.10 | 11.11 | 25.0 | 49.77 | 3.32 | 6.92 | 28.44 | 21.18 | -13.58 | 80.22 | -17.55 | -0.1 | 19.78 | 1363.74 | 0.42 | 28.71 | 1.84 | 13.3 |
| 23Q1 (14) | 1.65 | 166.13 | 58.65 | 43.77 | -3.46 | 1.06 | 37.75 | 60.91 | 31.67 | 38.50 | 131.23 | -0.13 | 30.81 | 135.73 | 0.23 | 3.36 | 158.46 | 57.01 | 2.74 | 156.07 | 45.74 | 0.09 | 12.5 | 50.0 | 48.17 | 78.01 | -5.99 | 23.47 | -3.85 | 56.47 | 97.30 | -31.89 | 30.66 | 1.35 | 103.15 | -94.71 | 28.19 | -9.27 | -8.59 |
| 22Q4 (13) | 0.62 | -67.37 | 47.62 | 45.34 | -4.14 | 32.57 | 23.46 | -29.0 | 72.75 | 16.65 | -66.53 | -4.86 | 13.07 | -66.99 | -8.67 | 1.30 | -68.22 | 47.73 | 1.07 | -66.87 | 35.44 | 0.08 | 0.0 | 60.0 | 27.06 | -54.81 | -15.65 | 24.41 | 7.91 | 62.19 | 142.86 | 115.54 | 83.67 | -42.86 | -227.09 | -292.86 | 31.07 | -0.77 | -29.31 |
| 22Q3 (12) | 1.90 | 21.79 | 280.0 | 47.30 | 9.47 | 38.67 | 33.04 | 8.61 | 123.24 | 49.75 | 31.72 | 179.81 | 39.60 | 22.79 | 166.67 | 4.09 | 23.94 | 289.52 | 3.23 | 20.07 | 258.89 | 0.08 | 0.0 | 33.33 | 59.88 | 28.64 | 94.23 | 22.62 | -31.27 | 60.88 | 66.28 | -17.46 | -22.67 | 33.72 | 71.2 | 77.03 | 31.31 | 23.56 | 9.82 |
| 22Q2 (11) | 1.56 | 50.0 | 271.43 | 43.21 | -0.23 | 8.73 | 30.42 | 6.1 | 40.06 | 37.77 | -2.02 | 123.89 | 32.25 | 4.91 | 122.72 | 3.30 | 54.21 | 283.72 | 2.69 | 43.09 | 263.51 | 0.08 | 33.33 | 60.0 | 46.55 | -9.15 | 39.66 | 32.91 | 119.4 | 35.43 | 80.30 | 7.84 | -37.15 | 19.70 | -22.85 | 170.91 | 25.34 | -17.83 | -15.84 |
| 22Q1 (10) | 1.04 | 147.62 | 550.0 | 43.31 | 26.64 | 44.99 | 28.67 | 111.12 | 276.74 | 38.55 | 120.29 | 312.74 | 30.74 | 114.81 | 301.83 | 2.14 | 143.18 | 613.33 | 1.88 | 137.97 | 571.43 | 0.06 | 20.0 | 100.0 | 51.24 | 59.73 | 55.84 | 15.00 | -0.33 | 12.44 | 74.47 | -4.26 | -13.12 | 25.53 | 14.89 | 78.72 | 30.84 | -29.83 | -18.26 |
| 21Q4 (9) | 0.42 | -16.0 | 950.0 | 34.20 | 0.26 | 44.98 | 13.58 | -8.24 | 169.98 | 17.50 | -1.57 | 1229.03 | 14.31 | -3.64 | 530.4 | 0.88 | -16.19 | 1157.14 | 0.79 | -12.22 | 887.5 | 0.05 | -16.67 | 66.67 | 32.08 | 4.05 | 20.28 | 15.05 | 7.04 | 8.66 | 77.78 | -9.26 | 125.93 | 22.22 | 16.67 | -94.44 | 43.95 | 54.16 | 91.09 |
| 21Q3 (8) | 0.50 | 19.05 | 285.19 | 34.11 | -14.17 | 279.84 | 14.80 | -31.86 | 216.08 | 17.78 | 5.39 | 221.12 | 14.85 | 2.56 | 221.03 | 1.05 | 22.09 | 301.92 | 0.90 | 21.62 | 314.29 | 0.06 | 20.0 | 50.0 | 30.83 | -7.5 | 300.91 | 14.06 | -42.14 | -2.16 | 85.71 | -32.92 | -5.71 | 19.05 | 168.57 | 4.76 | 28.51 | -5.31 | -26.01 |
| 21Q2 (7) | 0.42 | 162.5 | 5.0 | 39.74 | 33.04 | -2.14 | 21.72 | 185.41 | -21.05 | 16.87 | 80.62 | -25.19 | 14.48 | 89.28 | -4.67 | 0.86 | 186.67 | 17.81 | 0.74 | 164.29 | 17.46 | 0.05 | 66.67 | 25.0 | 33.33 | 1.37 | -18.43 | 24.30 | 82.16 | 1.29 | 127.78 | 49.07 | 3.21 | -27.78 | -294.44 | -16.67 | 30.11 | -20.2 | 0 |
| 21Q1 (6) | 0.16 | 300.0 | -78.67 | 29.87 | 26.62 | -22.72 | 7.61 | 51.29 | -68.54 | 9.34 | 702.58 | -67.54 | 7.65 | 237.0 | -66.12 | 0.30 | 328.57 | -77.61 | 0.28 | 250.0 | -75.86 | 0.03 | 0.0 | -40.0 | 32.88 | 23.28 | -23.29 | 13.34 | -3.68 | -13.26 | 85.71 | 128.57 | 0.49 | 14.29 | -96.43 | -2.86 | 37.73 | 64.04 | 10.65 |
| 20Q4 (5) | 0.04 | 114.81 | -96.23 | 23.59 | 162.69 | -46.13 | 5.03 | 139.45 | -83.87 | -1.55 | 89.44 | -106.2 | 2.27 | 118.5 | -88.48 | 0.07 | 113.46 | -96.05 | 0.08 | 119.05 | -94.77 | 0.03 | -25.0 | -62.5 | 26.67 | 246.81 | -23.43 | 13.85 | -3.62 | -20.68 | -300.00 | -430.0 | -340.0 | 400.00 | 2100.0 | 1700.0 | 23.00 | -40.31 | -17.74 |
| 20Q3 (4) | -0.27 | -167.5 | 0.0 | 8.98 | -77.89 | 0.0 | -12.75 | -146.35 | 0.0 | -14.68 | -165.1 | 0.0 | -12.27 | -180.78 | 0.0 | -0.52 | -171.23 | 0.0 | -0.42 | -166.67 | 0.0 | 0.04 | 0.0 | 0.0 | 7.69 | -81.18 | 0.0 | 14.37 | -40.1 | 0.0 | 90.91 | -26.57 | 0.0 | 18.18 | 176.36 | 0.0 | 38.53 | 0 | 0.0 |
| 20Q2 (3) | 0.40 | -46.67 | 0.0 | 40.61 | 5.07 | 0.0 | 27.51 | 13.72 | 0.0 | 22.55 | -21.62 | 0.0 | 15.19 | -32.73 | 0.0 | 0.73 | -45.52 | 0.0 | 0.63 | -45.69 | 0.0 | 0.04 | -20.0 | 0.0 | 40.86 | -4.67 | 0.0 | 23.99 | 55.98 | 0.0 | 123.81 | 45.16 | 0.0 | -23.81 | -261.9 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.75 | -29.25 | 0.0 | 38.65 | -11.74 | 0.0 | 24.19 | -22.42 | 0.0 | 28.77 | 15.03 | 0.0 | 22.58 | 14.62 | 0.0 | 1.34 | -24.29 | 0.0 | 1.16 | -24.18 | 0.0 | 0.05 | -37.5 | 0.0 | 42.86 | 23.05 | 0.0 | 15.38 | -11.91 | 0.0 | 85.29 | -31.76 | 0.0 | 14.71 | 158.82 | 0.0 | 34.10 | 21.96 | 0.0 |
| 19Q4 (1) | 1.06 | 0.0 | 0.0 | 43.79 | 0.0 | 0.0 | 31.18 | 0.0 | 0.0 | 25.01 | 0.0 | 0.0 | 19.70 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 1.53 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 34.83 | 0.0 | 0.0 | 17.46 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 27.96 | 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) | 6.21 | 21.05 | 47.75 | 6.35 | 34.59 | 19.52 | 7.56 | -19.71 | 37.67 | 6.08 | 29.07 | 0.83 | 13.39 | 25.61 | 10.82 | 20.36 | 0.37 | 19.35 | 46.10 | 0.57 | 25.15 | 3.03 | 91.72 | 12.66 | 8.28 | -55.44 | 0.46 | -33.55 | 30.25 | 2.44 |
| 2022 (9) | 5.13 | 242.0 | 44.90 | 28.91 | 28.94 | 93.19 | 9.42 | -35.5 | 35.51 | 122.77 | 28.83 | 116.77 | 10.66 | 252.98 | 8.99 | 232.96 | 0.31 | 55.0 | 45.84 | 42.45 | 24.41 | 62.19 | 81.42 | -13.16 | 18.58 | 197.35 | 0.70 | 53.76 | 29.53 | -14.75 |
| 2021 (8) | 1.50 | 63.04 | 34.83 | 16.18 | 14.98 | 10.47 | 14.60 | -14.81 | 15.94 | 30.34 | 13.30 | 42.09 | 3.02 | 76.61 | 2.70 | 76.47 | 0.20 | 25.0 | 32.18 | 0.56 | 15.05 | 8.66 | 93.75 | -14.23 | 6.25 | 0 | 0.46 | -26.5 | 34.64 | 12.21 |
| 2020 (7) | 0.92 | -86.35 | 29.98 | -37.25 | 13.56 | -61.37 | 17.14 | 132.86 | 12.23 | -64.95 | 9.36 | -65.56 | 1.71 | -87.52 | 1.53 | -86.42 | 0.16 | -60.98 | 32.00 | -25.91 | 13.85 | -20.68 | 109.30 | 8.54 | -11.63 | 0 | 0.62 | 60.81 | 30.87 | 16.93 |
| 2019 (6) | 6.74 | -15.86 | 47.78 | 0.55 | 35.10 | -0.31 | 7.36 | 18.78 | 34.89 | -7.84 | 27.18 | -5.06 | 13.70 | -35.59 | 11.27 | -30.52 | 0.41 | -28.07 | 43.19 | -3.38 | 17.46 | -42.75 | 100.70 | 8.56 | -0.70 | 0 | 0.38 | -55.35 | 26.40 | 14.58 |
| 2018 (5) | 8.01 | 60.2 | 47.52 | -1.39 | 35.21 | -2.52 | 6.20 | -31.46 | 37.86 | 9.26 | 28.63 | 7.67 | 21.27 | 35.91 | 16.22 | 34.16 | 0.57 | 26.67 | 44.70 | 0.83 | 30.50 | -6.1 | 92.77 | -11.33 | 6.92 | 0 | 0.86 | 0 | 23.04 | -1.79 |
| 2017 (4) | 5.00 | -3.85 | 48.19 | 6.69 | 36.12 | 9.99 | 9.04 | 1.48 | 34.65 | 6.55 | 26.59 | 6.45 | 15.65 | -0.89 | 12.09 | 0.33 | 0.45 | -6.25 | 44.33 | 6.1 | 32.48 | 18.41 | 104.62 | 3.35 | -4.10 | 0 | 0.00 | 0 | 23.46 | -6.08 |
| 2016 (3) | 5.20 | -0.95 | 45.17 | 2.57 | 32.84 | 9.94 | 8.91 | 43.19 | 32.52 | 3.73 | 24.98 | 3.01 | 15.79 | -16.19 | 12.05 | -13.5 | 0.48 | -15.79 | 41.78 | 10.01 | 27.43 | -30.24 | 101.22 | 6.32 | -1.22 | 0 | 0.00 | 0 | 24.98 | -18.42 |
| 2015 (2) | 5.25 | 0 | 44.04 | 0 | 29.87 | 0 | 6.22 | 0 | 31.35 | 0 | 24.25 | 0 | 18.84 | 0 | 13.93 | 0 | 0.57 | 0 | 37.98 | 0 | 39.32 | 17.3 | 95.21 | 0 | 4.79 | 0 | 0.00 | 0 | 30.62 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 33.52 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
