- 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) | 0.27 | -44.9 | -40.0 | 34.72 | 4.64 | 7.16 | 8.26 | -19.73 | -17.56 | 7.11 | -45.01 | -46.9 | 6.44 | -37.96 | -40.15 | 0.94 | -45.98 | -49.19 | 0.79 | -42.75 | -49.03 | 0.12 | -7.69 | -14.29 | 16.18 | -22.66 | -23.03 | 21.65 | -25.14 | 25.8 | 110.00 | 37.5 | 44.38 | -20.00 | -200.0 | -184.0 | 24.50 | 11.62 | 14.27 |
| 24Q2 (19) | 0.49 | -23.44 | 19.51 | 33.18 | -7.47 | 20.0 | 10.29 | -23.78 | 228.75 | 12.93 | -22.25 | 130.07 | 10.38 | -21.72 | 106.77 | 1.74 | -21.62 | 120.25 | 1.38 | -24.18 | 105.97 | 0.13 | 0.0 | 8.33 | 20.92 | -14.68 | 49.54 | 28.92 | 5.55 | 20.7 | 80.00 | -0.95 | 60.0 | 20.00 | 4.0 | -60.0 | 21.95 | 0.87 | -1.35 |
| 24Q1 (18) | 0.64 | 3.23 | 18.52 | 35.86 | 2.17 | 27.48 | 13.50 | -9.76 | 49.17 | 16.63 | 22.1 | 87.27 | 13.26 | 23.58 | 73.33 | 2.22 | 8.82 | 56.34 | 1.82 | 5.2 | 56.9 | 0.13 | -18.75 | -13.33 | 24.52 | 21.27 | 55.29 | 27.40 | 15.56 | -5.87 | 80.77 | -28.21 | -19.23 | 19.23 | 330.77 | 0 | 21.76 | 7.35 | 10.63 |
| 23Q4 (17) | 0.62 | 37.78 | 77.14 | 35.10 | 8.33 | 27.36 | 14.96 | 49.3 | 105.49 | 13.62 | 1.72 | 134.42 | 10.73 | -0.28 | 183.11 | 2.04 | 10.27 | 168.42 | 1.73 | 11.61 | 174.6 | 0.16 | 14.29 | 0.0 | 20.22 | -3.81 | 64.39 | 23.71 | 37.77 | -5.88 | 112.50 | 47.66 | -11.61 | -8.33 | -135.0 | 69.44 | 20.27 | -5.46 | 7.19 |
| 23Q3 (16) | 0.45 | 9.76 | -26.23 | 32.40 | 17.18 | 31.17 | 10.02 | 220.13 | 51.13 | 13.39 | 138.26 | 17.25 | 10.76 | 114.34 | 21.17 | 1.85 | 134.18 | -4.64 | 1.55 | 131.34 | -1.27 | 0.14 | 16.67 | -17.65 | 21.02 | 50.25 | 20.74 | 17.21 | -28.17 | -28.29 | 76.19 | 52.38 | 34.8 | 23.81 | -52.38 | -45.24 | 21.44 | -3.64 | 19.98 |
| 23Q2 (15) | 0.41 | -24.07 | 78.26 | 27.65 | -1.71 | 22.24 | 3.13 | -65.41 | 78.86 | 5.62 | -36.71 | 14.93 | 5.02 | -34.38 | 78.01 | 0.79 | -44.37 | 64.58 | 0.67 | -42.24 | 71.79 | 0.12 | -20.0 | -7.69 | 13.99 | -11.4 | 12.64 | 23.96 | -17.69 | -12.97 | 50.00 | -50.0 | 16.67 | 50.00 | 0 | -30.0 | 22.25 | 13.12 | 10.64 |
| 23Q1 (14) | 0.54 | 54.29 | 10.2 | 28.13 | 2.07 | 21.99 | 9.05 | 24.31 | 106.15 | 8.88 | 52.84 | 6.22 | 7.65 | 101.85 | -7.27 | 1.42 | 86.84 | -14.97 | 1.16 | 84.13 | -11.45 | 0.15 | -6.25 | -6.25 | 15.79 | 28.37 | 7.63 | 29.11 | 15.56 | -2.77 | 100.00 | -21.43 | 87.5 | 0.00 | 100.0 | -100.0 | 19.67 | 4.02 | 11.57 |
| 22Q4 (13) | 0.35 | -42.62 | 66.67 | 27.56 | 11.58 | 22.65 | 7.28 | 9.8 | 100.55 | 5.81 | -49.12 | 43.46 | 3.79 | -57.32 | 40.37 | 0.76 | -60.82 | 40.74 | 0.63 | -59.87 | 40.0 | 0.16 | -5.88 | 0.0 | 12.30 | -29.35 | 16.48 | 25.19 | 4.96 | -12.02 | 127.27 | 125.17 | 27.27 | -27.27 | -162.73 | -290.91 | 18.91 | 5.82 | 0.64 |
| 22Q3 (12) | 0.61 | 165.22 | 74.29 | 24.70 | 9.2 | -14.44 | 6.63 | 278.86 | 14.31 | 11.42 | 133.54 | 62.45 | 8.88 | 214.89 | 39.18 | 1.94 | 304.17 | 74.77 | 1.57 | 302.56 | 68.82 | 0.17 | 30.77 | 21.43 | 17.41 | 40.18 | 18.11 | 24.00 | -12.82 | 24.48 | 56.52 | 31.88 | -30.92 | 43.48 | -39.13 | 139.13 | 17.87 | -11.14 | -17.19 |
| 22Q2 (11) | 0.23 | -53.06 | 35.29 | 22.62 | -1.91 | -5.04 | 1.75 | -60.14 | -23.58 | 4.89 | -41.51 | 108.09 | 2.82 | -65.82 | 47.64 | 0.48 | -71.26 | 45.45 | 0.39 | -70.23 | 39.29 | 0.13 | -18.75 | -7.14 | 12.42 | -15.34 | 17.95 | 27.53 | -8.05 | 27.51 | 42.86 | -19.64 | -42.86 | 71.43 | 53.06 | 0 | 20.11 | 14.07 | 4.2 |
| 22Q1 (10) | 0.49 | 133.33 | 188.24 | 23.06 | 2.63 | -12.45 | 4.39 | 20.94 | 5.28 | 8.36 | 106.42 | 89.57 | 8.25 | 205.56 | 181.57 | 1.67 | 209.26 | 255.32 | 1.31 | 191.11 | 235.9 | 0.16 | 0.0 | 23.08 | 14.67 | 38.92 | 9.64 | 29.94 | 4.58 | 23.11 | 53.33 | -46.67 | -46.67 | 46.67 | 226.67 | 0 | 17.63 | -6.17 | -19.31 |
| 21Q4 (9) | 0.21 | -40.0 | -65.0 | 22.47 | -22.17 | -21.38 | 3.63 | -37.41 | -65.33 | 4.05 | -42.39 | -61.43 | 2.70 | -57.68 | -71.55 | 0.54 | -51.35 | -74.53 | 0.45 | -51.61 | -73.99 | 0.16 | 14.29 | -11.11 | 10.56 | -28.36 | -36.31 | 28.63 | 48.5 | 18.7 | 100.00 | 22.22 | 0.0 | 14.29 | -21.43 | 0 | 18.79 | -12.93 | 8.49 |
| 21Q3 (8) | 0.35 | 105.88 | 34.62 | 28.87 | 21.2 | 5.48 | 5.80 | 153.28 | 1.22 | 7.03 | 199.15 | 7.0 | 6.38 | 234.03 | 28.37 | 1.11 | 236.36 | 30.59 | 0.93 | 232.14 | 32.86 | 0.14 | 0.0 | 0.0 | 14.74 | 39.98 | 0.48 | 19.28 | -10.7 | -24.15 | 81.82 | 9.09 | -9.09 | 18.18 | 0 | 81.82 | 21.58 | 11.81 | -3.4 |
| 21Q2 (7) | 0.17 | 0.0 | 165.38 | 23.82 | -9.57 | 48.13 | 2.29 | -45.08 | 110.81 | 2.35 | -46.71 | 117.38 | 1.91 | -34.81 | 116.13 | 0.33 | -29.79 | 135.48 | 0.28 | -28.21 | 137.33 | 0.14 | 7.69 | 133.33 | 10.53 | -21.3 | 148.94 | 21.59 | -11.23 | -2.62 | 75.00 | -25.0 | -50.0 | 0.00 | 0 | 100.0 | 19.30 | -11.67 | 0 |
| 21Q1 (6) | 0.17 | -71.67 | -46.88 | 26.34 | -7.84 | -2.44 | 4.17 | -60.17 | -44.33 | 4.41 | -58.0 | -44.94 | 2.93 | -69.13 | -55.13 | 0.47 | -77.83 | -60.17 | 0.39 | -77.46 | -60.61 | 0.13 | -27.78 | -13.33 | 13.38 | -19.3 | -15.1 | 24.32 | 0.83 | 13.8 | 100.00 | 0.0 | 8.33 | 0.00 | 0 | -100.0 | 21.85 | 26.15 | 0 |
| 20Q4 (5) | 0.60 | 130.77 | 233.33 | 28.58 | 4.42 | 7.36 | 10.47 | 82.72 | 90.02 | 10.50 | 59.82 | 144.19 | 9.49 | 90.95 | 165.08 | 2.12 | 149.41 | 207.25 | 1.73 | 147.14 | 198.28 | 0.18 | 28.57 | 20.0 | 16.58 | 13.02 | 44.3 | 24.12 | -5.11 | -5.34 | 100.00 | 11.11 | -30.0 | 0.00 | -100.0 | 100.0 | 17.32 | -22.47 | 0 |
| 20Q3 (4) | 0.26 | 200.0 | 0.0 | 27.37 | 70.21 | 0.0 | 5.73 | 127.05 | 0.0 | 6.57 | 148.59 | 0.0 | 4.97 | 141.98 | 0.0 | 0.85 | 191.4 | 0.0 | 0.70 | 193.33 | 0.0 | 0.14 | 133.33 | 0.0 | 14.67 | 246.81 | 0.0 | 25.42 | 14.66 | 0.0 | 90.00 | -40.0 | 0.0 | 10.00 | 120.0 | 0.0 | 22.34 | 0 | 0.0 |
| 20Q2 (3) | -0.26 | -181.25 | 0.0 | 16.08 | -40.44 | 0.0 | -21.18 | -382.78 | 0.0 | -13.52 | -268.79 | 0.0 | -11.84 | -281.32 | 0.0 | -0.93 | -178.81 | 0.0 | -0.75 | -175.76 | 0.0 | 0.06 | -60.0 | 0.0 | 4.23 | -73.16 | 0.0 | 22.17 | 3.74 | 0.0 | 150.00 | 62.5 | 0.0 | -50.00 | -750.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.32 | 77.78 | 0.0 | 27.00 | 1.43 | 0.0 | 7.49 | 35.93 | 0.0 | 8.01 | 86.28 | 0.0 | 6.53 | 82.4 | 0.0 | 1.18 | 71.01 | 0.0 | 0.99 | 70.69 | 0.0 | 0.15 | 0.0 | 0.0 | 15.76 | 37.16 | 0.0 | 21.37 | -16.13 | 0.0 | 92.31 | -35.38 | 0.0 | 7.69 | 126.92 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.18 | 0.0 | 0.0 | 26.62 | 0.0 | 0.0 | 5.51 | 0.0 | 0.0 | 4.30 | 0.0 | 0.0 | 3.58 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 0.58 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 11.49 | 0.0 | 0.0 | 25.48 | 0.0 | 0.0 | 142.86 | 0.0 | 0.0 | -28.57 | 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) | 2.02 | 20.24 | 30.97 | 26.0 | 9.60 | 84.62 | 7.09 | 11.71 | 10.56 | 35.21 | 8.67 | 41.44 | 5.99 | 24.27 | 4.95 | 27.58 | 0.56 | -9.68 | 17.87 | 24.62 | 23.71 | -5.88 | 91.18 | 36.76 | 8.82 | -73.53 | 0.00 | 0 | 20.83 | 12.29 |
| 2022 (9) | 1.68 | 86.67 | 24.58 | -2.65 | 5.20 | 31.31 | 6.34 | -16.72 | 7.81 | 75.11 | 6.13 | 76.66 | 4.82 | 99.17 | 3.88 | 97.96 | 0.62 | 12.73 | 14.34 | 17.35 | 25.19 | -12.02 | 66.67 | -25.33 | 33.33 | 211.11 | 0.00 | 0 | 18.55 | -8.58 |
| 2021 (8) | 0.90 | -1.1 | 25.25 | -4.03 | 3.96 | -13.54 | 7.62 | -9.04 | 4.46 | -24.15 | 3.47 | -29.33 | 2.42 | -23.66 | 1.96 | -25.48 | 0.55 | 5.77 | 12.22 | -15.9 | 28.63 | 18.7 | 89.29 | 12.43 | 10.71 | -54.46 | 0.00 | 0 | 20.29 | -5.14 |
| 2020 (7) | 0.91 | -22.88 | 26.31 | -0.53 | 4.58 | -25.65 | 8.38 | 18.44 | 5.88 | -11.58 | 4.91 | -12.48 | 3.17 | -26.28 | 2.63 | -26.54 | 0.52 | -16.13 | 14.53 | 3.79 | 24.12 | -5.34 | 79.41 | -15.17 | 23.53 | 268.63 | 0.00 | 0 | 21.39 | 14.32 |
| 2019 (6) | 1.18 | -45.37 | 26.45 | -14.7 | 6.16 | -44.7 | 7.07 | 5.63 | 6.65 | -46.97 | 5.61 | -43.96 | 4.30 | -42.28 | 3.58 | -42.72 | 0.62 | 1.64 | 14.00 | -28.28 | 25.48 | 14.98 | 93.62 | 5.62 | 6.38 | -43.83 | 0.00 | 0 | 18.71 | -2.35 |
| 2018 (5) | 2.16 | -24.48 | 31.01 | -8.06 | 11.14 | -22.53 | 6.70 | 6.13 | 12.54 | -9.0 | 10.01 | -13.48 | 7.45 | -27.03 | 6.25 | -20.48 | 0.61 | -7.58 | 19.52 | -4.97 | 22.16 | 12.15 | 88.64 | -14.68 | 11.36 | 0 | 0.00 | 0 | 19.16 | 2.3 |
| 2017 (4) | 2.86 | -20.78 | 33.73 | -5.68 | 14.38 | -17.02 | 6.31 | 13.86 | 13.78 | -15.3 | 11.57 | -18.0 | 10.21 | -27.9 | 7.86 | -15.12 | 0.66 | 4.76 | 20.54 | -8.43 | 19.76 | -62.4 | 103.88 | -2.61 | -3.88 | 0 | 0.00 | 0 | 18.73 | 3.37 |
| 2016 (3) | 3.61 | -24.63 | 35.76 | 0.25 | 17.33 | -11.85 | 5.54 | 29.28 | 16.27 | -19.77 | 14.11 | -21.26 | 14.16 | -26.1 | 9.26 | -25.32 | 0.63 | -7.35 | 22.43 | -10.49 | 52.56 | -17.87 | 106.67 | 10.2 | -6.67 | 0 | 0.00 | 0 | 18.12 | 13.89 |
| 2015 (2) | 4.79 | -14.62 | 35.67 | -3.2 | 19.66 | -11.68 | 4.29 | -4.61 | 20.28 | -8.28 | 17.92 | -4.43 | 19.16 | -20.96 | 12.40 | -20.77 | 0.68 | -17.07 | 25.06 | -7.05 | 64.00 | 23.67 | 96.79 | -4.32 | 3.21 | 0 | 0.00 | 0 | 15.91 | 5.09 |
| 2014 (1) | 5.61 | 11.31 | 36.85 | 0 | 22.26 | 0 | 4.49 | -21.69 | 22.11 | 0 | 18.75 | 0 | 24.24 | 0 | 15.65 | 0 | 0.82 | -3.53 | 26.96 | 0.9 | 51.75 | -20.24 | 101.16 | 2.81 | -0.58 | 0 | 0.00 | 0 | 15.14 | -7.74 |
