- 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) | 0.61 | -21.79 | 41.86 | 44.99 | 5.04 | 35.84 | 14.84 | -18.1 | 72.96 | 14.47 | -22.79 | 35.87 | 11.71 | -20.93 | 38.09 | 3.76 | -21.01 | 33.81 | 2.34 | -20.95 | 36.84 | 0.19 | 0.0 | 0.0 | 17.20 | -19.55 | 30.7 | 60.10 | -16.45 | -9.83 | 100.00 | 3.45 | 23.08 | -4.35 | -230.43 | -123.19 | 21.63 | -8.43 | 4.75 |
| 24Q2 (19) | 0.78 | -16.13 | -6.02 | 42.83 | -4.97 | 19.8 | 18.12 | -5.97 | 24.45 | 18.74 | -9.86 | 23.37 | 14.81 | -10.94 | 22.6 | 4.76 | -16.2 | -6.3 | 2.96 | -16.62 | -2.95 | 0.19 | -9.52 | -24.0 | 21.38 | -9.67 | 26.96 | 71.93 | 21.09 | -9.41 | 96.67 | 2.53 | 0.12 | 3.33 | -61.11 | -3.33 | 23.62 | 41.61 | 54.48 |
| 24Q1 (18) | 0.93 | 75.47 | 57.63 | 45.07 | 3.54 | 27.71 | 19.27 | 29.59 | 39.13 | 20.79 | 66.45 | 54.11 | 16.63 | 56.59 | 54.12 | 5.68 | 66.57 | 55.62 | 3.55 | 67.45 | 55.7 | 0.21 | 10.53 | 5.0 | 23.67 | 56.44 | 47.94 | 59.40 | -13.81 | -6.21 | 94.29 | -22.11 | -10.2 | 8.57 | 140.71 | 271.43 | 16.68 | 15.27 | -5.17 |
| 23Q4 (17) | 0.53 | 23.26 | 55.88 | 43.53 | 31.43 | 15.28 | 14.87 | 73.31 | 31.59 | 12.49 | 17.28 | 29.3 | 10.62 | 25.24 | 55.49 | 3.41 | 21.35 | 55.71 | 2.12 | 23.98 | 52.52 | 0.19 | 0.0 | 0.0 | 15.13 | 14.97 | 22.81 | 68.92 | 3.41 | -0.89 | 121.05 | 48.99 | -1.64 | -21.05 | -212.28 | -36.84 | 14.47 | -29.93 | -13.2 |
| 23Q3 (16) | 0.43 | -48.19 | -34.85 | 33.12 | -7.36 | -15.49 | 8.58 | -41.07 | -42.8 | 10.65 | -29.89 | -42.34 | 8.48 | -29.8 | -42.51 | 2.81 | -44.69 | -35.25 | 1.71 | -43.93 | -34.98 | 0.19 | -24.0 | 11.76 | 13.16 | -21.85 | -38.24 | 66.65 | -16.06 | 1.25 | 81.25 | -15.85 | 3.82 | 18.75 | 443.75 | 7.81 | 20.65 | 35.06 | 10.13 |
| 23Q2 (15) | 0.83 | 40.68 | 45.61 | 35.75 | 1.3 | -12.89 | 14.56 | 5.13 | 8.74 | 15.19 | 12.6 | -10.8 | 12.08 | 11.96 | -13.16 | 5.08 | 39.18 | 47.25 | 3.05 | 33.77 | 46.63 | 0.25 | 25.0 | 78.57 | 16.84 | 5.25 | -18.21 | 79.40 | 25.38 | 5.56 | 96.55 | -8.05 | 17.24 | 3.45 | 168.97 | -85.34 | 15.29 | -13.08 | -33.61 |
| 23Q1 (14) | 0.59 | 73.53 | -4.84 | 35.29 | -6.54 | -7.67 | 13.85 | 22.57 | 0.8 | 13.49 | 39.65 | -20.51 | 10.79 | 57.98 | -20.49 | 3.65 | 66.67 | -3.95 | 2.28 | 64.03 | 1.79 | 0.20 | 5.26 | 25.0 | 16.00 | 29.87 | -20.0 | 63.33 | -8.93 | -8.42 | 105.00 | -14.69 | 24.69 | -5.00 | 67.5 | -123.75 | 17.59 | 5.52 | -10.57 |
| 22Q4 (13) | 0.34 | -48.48 | -35.85 | 37.76 | -3.65 | -2.15 | 11.30 | -24.67 | -12.06 | 9.66 | -47.7 | -22.97 | 6.83 | -53.69 | -27.88 | 2.19 | -49.54 | -34.63 | 1.39 | -47.15 | -26.84 | 0.19 | 11.76 | 0.0 | 12.32 | -42.19 | -18.46 | 69.54 | 5.64 | -12.36 | 123.08 | 57.26 | 16.24 | -15.38 | -188.46 | 0 | 16.67 | -11.09 | 3.35 |
| 22Q3 (12) | 0.66 | 15.79 | -41.07 | 39.19 | -4.51 | -8.73 | 15.00 | 12.02 | -30.07 | 18.47 | 8.46 | -13.89 | 14.75 | 6.04 | -13.84 | 4.34 | 25.8 | -41.27 | 2.63 | 26.44 | -34.58 | 0.17 | 21.43 | -26.09 | 21.31 | 3.5 | -10.39 | 65.83 | -12.48 | -22.31 | 78.26 | -4.97 | -21.74 | 17.39 | -26.09 | 0 | 18.75 | -18.58 | 21.52 |
| 22Q2 (11) | 0.57 | -8.06 | -9.52 | 41.04 | 7.38 | 11.25 | 13.39 | -2.55 | 0.0 | 17.03 | 0.35 | 39.48 | 13.91 | 2.51 | 40.51 | 3.45 | -9.21 | -8.24 | 2.08 | -7.14 | 0.97 | 0.14 | -12.5 | -30.0 | 20.59 | 2.95 | 42.1 | 75.22 | 8.78 | -15.56 | 82.35 | -2.21 | -26.32 | 23.53 | 11.76 | 300.0 | 23.03 | 17.08 | 50.72 |
| 22Q1 (10) | 0.62 | 16.98 | 158.33 | 38.22 | -0.96 | -3.61 | 13.74 | 6.93 | 87.19 | 16.97 | 35.33 | 155.57 | 13.57 | 43.29 | 155.56 | 3.80 | 13.43 | 165.73 | 2.24 | 17.89 | 173.17 | 0.16 | -15.79 | 14.29 | 20.00 | 32.36 | 113.22 | 69.15 | -12.85 | -21.44 | 84.21 | -20.47 | -27.82 | 21.05 | 0 | 226.32 | 19.67 | 21.95 | -1.11 |
| 21Q4 (9) | 0.53 | -52.68 | -11.67 | 38.59 | -10.13 | -0.85 | 12.85 | -40.09 | -12.11 | 12.54 | -41.54 | -5.14 | 9.47 | -44.68 | -6.7 | 3.35 | -54.67 | -10.9 | 1.90 | -52.74 | -5.0 | 0.19 | -17.39 | 0.0 | 15.11 | -36.46 | -3.27 | 79.35 | -6.35 | -15.3 | 105.88 | 5.88 | -5.26 | 0.00 | 0 | 100.0 | 16.13 | 4.54 | 1.19 |
| 21Q3 (8) | 1.12 | 77.78 | 21.74 | 42.94 | 16.4 | 1.13 | 21.45 | 60.19 | 9.72 | 21.45 | 75.68 | 16.07 | 17.12 | 72.93 | 15.83 | 7.39 | 96.54 | 22.96 | 4.02 | 95.15 | 34.45 | 0.23 | 15.0 | 15.0 | 23.78 | 64.11 | 13.78 | 84.73 | -4.88 | -11.75 | 100.00 | -10.53 | -3.85 | 0.00 | 100.0 | 100.0 | 15.43 | 0.98 | -8.97 |
| 21Q2 (7) | 0.63 | 162.5 | 31.25 | 36.89 | -6.96 | 6.01 | 13.39 | 82.43 | 11.68 | 12.21 | 83.89 | 15.3 | 9.90 | 86.44 | 20.73 | 3.76 | 162.94 | 18.24 | 2.06 | 151.22 | 33.77 | 0.20 | 42.86 | 11.11 | 14.49 | 54.48 | 15.0 | 89.08 | 1.2 | -27.04 | 111.76 | -4.2 | -3.14 | -11.76 | 29.41 | 23.53 | 15.28 | -23.18 | 0 |
| 21Q1 (6) | 0.24 | -60.0 | -59.32 | 39.65 | 1.88 | 15.8 | 7.34 | -49.79 | -35.56 | 6.64 | -49.77 | -42.66 | 5.31 | -47.68 | -42.72 | 1.43 | -61.97 | -56.8 | 0.82 | -59.0 | -50.3 | 0.14 | -26.32 | -17.65 | 9.38 | -39.95 | -34.36 | 88.02 | -6.04 | -18.18 | 116.67 | 4.39 | 16.67 | -16.67 | -41.67 | 0 | 19.89 | 24.78 | 0 |
| 20Q4 (5) | 0.60 | -34.78 | -6.25 | 38.92 | -8.34 | 6.89 | 14.62 | -25.22 | 21.53 | 13.22 | -28.46 | 26.02 | 10.15 | -31.33 | 27.99 | 3.76 | -37.44 | 1.62 | 2.00 | -33.11 | 10.5 | 0.19 | -5.0 | -13.64 | 15.62 | -25.26 | 23.28 | 93.68 | -2.43 | -18.37 | 111.76 | 7.47 | -0.65 | -11.76 | -194.12 | 5.88 | 15.94 | -5.96 | -14.35 |
| 20Q3 (4) | 0.92 | 91.67 | 0.0 | 42.46 | 22.01 | 0.0 | 19.55 | 63.05 | 0.0 | 18.48 | 74.5 | 0.0 | 14.78 | 80.24 | 0.0 | 6.01 | 88.99 | 0.0 | 2.99 | 94.16 | 0.0 | 0.20 | 11.11 | 0.0 | 20.90 | 65.87 | 0.0 | 96.01 | -21.37 | 0.0 | 104.00 | -9.87 | 0.0 | -4.00 | 74.0 | 0.0 | 16.95 | 0 | 0.0 |
| 20Q2 (3) | 0.48 | -18.64 | 0.0 | 34.80 | 1.64 | 0.0 | 11.99 | 5.27 | 0.0 | 10.59 | -8.55 | 0.0 | 8.20 | -11.54 | 0.0 | 3.18 | -3.93 | 0.0 | 1.54 | -6.67 | 0.0 | 0.18 | 5.88 | 0.0 | 12.60 | -11.83 | 0.0 | 122.10 | 13.5 | 0.0 | 115.38 | 15.38 | 0.0 | -15.38 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.59 | -7.81 | 0.0 | 34.24 | -5.96 | 0.0 | 11.39 | -5.32 | 0.0 | 11.58 | 10.39 | 0.0 | 9.27 | 16.9 | 0.0 | 3.31 | -10.54 | 0.0 | 1.65 | -8.84 | 0.0 | 0.17 | -22.73 | 0.0 | 14.29 | 12.79 | 0.0 | 107.58 | -6.26 | 0.0 | 100.00 | -11.11 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.64 | 0.0 | 0.0 | 36.41 | 0.0 | 0.0 | 12.03 | 0.0 | 0.0 | 10.49 | 0.0 | 0.0 | 7.93 | 0.0 | 0.0 | 3.70 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 12.67 | 0.0 | 0.0 | 114.76 | 0.0 | 0.0 | 112.50 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | 18.61 | 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) | 2.25 | 8.17 | 36.86 | -5.34 | 13.05 | -1.73 | 1.86 | -19.2 | 13.09 | -14.16 | 10.59 | -11.75 | 14.87 | 8.62 | 9.13 | 12.02 | 0.83 | 27.69 | 15.53 | -13.87 | 68.92 | -0.89 | 100.00 | 15.87 | 0.00 | 0 | 0.25 | -8.99 | 16.90 | -12.34 |
| 2022 (9) | 2.08 | -13.33 | 38.94 | -1.84 | 13.28 | -9.23 | 2.31 | 12.58 | 15.25 | 8.0 | 12.00 | 7.43 | 13.69 | -14.06 | 8.15 | -7.6 | 0.65 | -15.58 | 18.03 | 8.81 | 69.54 | -12.36 | 86.30 | -16.98 | 12.33 | 0 | 0.27 | 0 | 19.28 | 17.78 |
| 2021 (8) | 2.40 | -4.76 | 39.67 | 5.14 | 14.63 | 0.83 | 2.05 | 4.26 | 14.12 | 4.13 | 11.17 | 4.59 | 15.93 | -0.25 | 8.82 | 8.62 | 0.77 | 5.48 | 16.57 | 4.15 | 79.35 | -15.3 | 103.95 | -3.08 | -3.95 | 0 | 0.00 | 0 | 16.37 | -0.3 |
| 2020 (7) | 2.52 | -26.32 | 37.73 | 0.16 | 14.51 | -1.69 | 1.96 | 24.86 | 13.56 | -5.24 | 10.68 | -4.73 | 15.97 | -23.22 | 8.12 | -12.03 | 0.73 | -7.59 | 15.91 | -3.16 | 93.68 | -18.37 | 107.25 | 4.69 | -7.25 | 0 | 0.00 | 0 | 16.42 | 4.32 |
| 2019 (6) | 3.42 | -18.38 | 37.67 | 1.84 | 14.76 | 6.03 | 1.57 | 95.1 | 14.31 | -14.36 | 11.21 | -15.08 | 20.80 | -12.01 | 9.23 | -16.92 | 0.79 | -5.95 | 16.43 | -6.33 | 114.76 | -26.38 | 102.44 | 23.22 | -3.66 | 0 | 0.00 | 0 | 15.74 | -1.56 |
| 2018 (5) | 4.19 | 42.03 | 36.99 | 0.87 | 13.92 | 4.04 | 0.81 | -31.61 | 16.71 | 26.88 | 13.20 | 21.21 | 23.64 | 34.24 | 11.11 | 3.35 | 0.84 | -15.15 | 17.54 | 21.89 | 155.88 | 137.04 | 83.13 | -18.33 | 16.87 | 0 | 0.00 | 0 | 15.99 | -0.81 |
| 2017 (4) | 2.95 | -11.14 | 36.67 | -9.23 | 13.38 | -2.12 | 1.18 | 20.58 | 13.17 | -7.12 | 10.89 | -6.04 | 17.61 | -18.13 | 10.75 | -13.79 | 0.99 | -8.33 | 14.39 | -14.7 | 65.76 | 6.05 | 101.79 | 5.42 | -1.79 | 0 | 0.00 | 0 | 16.12 | -6.22 |
| 2016 (3) | 3.32 | 27.69 | 40.40 | 3.91 | 13.67 | 26.93 | 0.98 | -11.25 | 14.18 | 18.36 | 11.59 | 17.31 | 21.51 | 4.67 | 12.47 | 8.43 | 1.08 | -6.9 | 16.87 | 13.37 | 62.01 | -29.28 | 96.55 | 6.45 | 3.45 | -62.93 | 0.00 | 0 | 17.19 | 10.12 |
| 2015 (2) | 2.60 | 83.1 | 38.88 | 25.22 | 10.77 | 56.54 | 1.10 | 14.23 | 11.98 | 54.58 | 9.88 | 57.07 | 20.55 | 64.27 | 11.50 | 56.89 | 1.16 | 0.0 | 14.88 | 65.33 | 87.68 | 27.28 | 90.70 | 3.65 | 9.30 | -25.58 | 0.00 | 0 | 15.61 | 9.54 |
| 2014 (1) | 1.42 | 2.9 | 31.05 | 0 | 6.88 | 0 | 0.96 | -17.04 | 7.75 | 0 | 6.29 | 0 | 12.51 | 0 | 7.33 | 0 | 1.16 | 5.45 | 9.00 | -10.71 | 68.89 | -5.41 | 87.50 | -8.52 | 12.50 | 187.5 | 0.00 | 0 | 14.25 | -14.16 |
