- 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) | 0.67 | -12.99 | 19.64 | 40.54 | 0.6 | -4.36 | 18.95 | 4.93 | 9.6 | 17.42 | -9.93 | 0.29 | 13.89 | -13.35 | 17.31 | 2.00 | -6.98 | 25.0 | 1.47 | -9.82 | 32.43 | 0.10 | 0.0 | 11.11 | 26.44 | -6.34 | -0.71 | 42.09 | -1.45 | -30.97 | 108.89 | 16.15 | 8.89 | -8.89 | -242.22 | 0 | 13.27 | -4.05 | -21.15 |
| 24Q2 (19) | 0.77 | -25.24 | -6.1 | 40.30 | -4.75 | -5.75 | 18.06 | -7.48 | -15.25 | 19.34 | -9.33 | -22.39 | 16.03 | -6.86 | -2.43 | 2.15 | -4.44 | -14.68 | 1.63 | -8.94 | -13.76 | 0.10 | 0.0 | -9.09 | 28.23 | -4.85 | -11.34 | 42.71 | 37.33 | -8.43 | 93.75 | 1.56 | 9.01 | 6.25 | -18.75 | -55.36 | 13.83 | -10.54 | 0.07 |
| 24Q1 (18) | 1.03 | 243.33 | -11.97 | 42.31 | -10.3 | -1.76 | 19.52 | 54.06 | -25.86 | 21.33 | 113.09 | -16.42 | 17.21 | 145.51 | -15.01 | 2.25 | 152.81 | -39.35 | 1.79 | 145.21 | -37.63 | 0.10 | 11.11 | -28.57 | 29.67 | 55.34 | -3.95 | 31.10 | 12.76 | 20.68 | 92.31 | -26.15 | -10.53 | 7.69 | 130.77 | 342.31 | 15.46 | -42.21 | 19.84 |
| 23Q4 (17) | 0.30 | -46.43 | -81.01 | 47.17 | 11.28 | 12.44 | 12.67 | -26.72 | -53.64 | 10.01 | -42.37 | -60.51 | 7.01 | -40.79 | -65.07 | 0.89 | -44.38 | -82.09 | 0.73 | -34.23 | -79.67 | 0.09 | 0.0 | -50.0 | 19.10 | -28.28 | -34.9 | 27.58 | -54.76 | -22.77 | 125.00 | 25.0 | 14.94 | -25.00 | 0 | -233.33 | 26.75 | 58.94 | 251.05 |
| 23Q3 (16) | 0.56 | -31.71 | -80.42 | 42.39 | -0.87 | -18.98 | 17.29 | -18.86 | -54.9 | 17.37 | -30.3 | -59.52 | 11.84 | -27.94 | -65.41 | 1.60 | -36.51 | -84.24 | 1.11 | -41.27 | -84.58 | 0.09 | -18.18 | -57.14 | 26.63 | -16.36 | -42.5 | 60.97 | 30.72 | 35.22 | 100.00 | 16.28 | 11.85 | 0.00 | -100.0 | -100.0 | 16.83 | 21.78 | 98.47 |
| 23Q2 (15) | 0.82 | -29.91 | -27.43 | 42.76 | -0.72 | -6.54 | 21.31 | -19.07 | -21.68 | 24.92 | -2.35 | -13.89 | 16.43 | -18.86 | -22.35 | 2.52 | -32.08 | -51.45 | 1.89 | -34.15 | -41.49 | 0.11 | -21.43 | -26.67 | 31.84 | 3.08 | -5.72 | 46.64 | 80.99 | 22.87 | 86.00 | -16.65 | -8.54 | 14.00 | 541.0 | 134.5 | 13.82 | 7.13 | 57.58 |
| 23Q1 (14) | 1.17 | -25.95 | 185.37 | 43.07 | 2.67 | 18.72 | 26.33 | -3.66 | 44.51 | 25.52 | 0.67 | 40.61 | 20.25 | 0.9 | 62.91 | 3.71 | -25.35 | 18.91 | 2.87 | -20.06 | 69.82 | 0.14 | -22.22 | 7.69 | 30.89 | 5.28 | 30.56 | 25.77 | -27.84 | -74.3 | 103.17 | -5.13 | 3.17 | -3.17 | 57.67 | 0 | 12.90 | 69.29 | 33.82 |
| 22Q4 (13) | 1.58 | -44.76 | 267.44 | 41.95 | -19.82 | 14.71 | 27.33 | -28.72 | 95.77 | 25.35 | -40.92 | 90.6 | 20.07 | -41.37 | 68.23 | 4.97 | -51.03 | 73.78 | 3.59 | -50.14 | 120.25 | 0.18 | -14.29 | 38.46 | 29.34 | -36.64 | 52.89 | 35.71 | -20.8 | -59.29 | 108.75 | 21.64 | 4.22 | -7.50 | -170.78 | -72.5 | 7.62 | -10.14 | -27.01 |
| 22Q3 (12) | 2.86 | 153.1 | 302.82 | 52.32 | 14.36 | 46.76 | 38.34 | 40.9 | 96.92 | 42.91 | 48.27 | 116.17 | 34.23 | 61.77 | 125.64 | 10.15 | 95.57 | 113.68 | 7.20 | 122.91 | 163.74 | 0.21 | 40.0 | 16.67 | 46.31 | 37.13 | 88.64 | 45.09 | 18.78 | -42.53 | 89.40 | -4.92 | -8.52 | 10.60 | 77.48 | 366.23 | 8.48 | -3.31 | 9.0 |
| 22Q2 (11) | 1.13 | 175.61 | 82.26 | 45.75 | 26.1 | 13.3 | 27.21 | 49.34 | 16.63 | 28.94 | 59.45 | 24.21 | 21.16 | 70.23 | 25.73 | 5.19 | 66.35 | 24.46 | 3.23 | 91.12 | 28.69 | 0.15 | 15.38 | 7.14 | 33.77 | 42.73 | 17.18 | 37.96 | -62.15 | -50.93 | 94.03 | -5.97 | -5.97 | 5.97 | 0 | 0 | 8.77 | -9.02 | 4.03 |
| 22Q1 (10) | 0.41 | -4.65 | 5.13 | 36.28 | -0.79 | -13.18 | 18.22 | 30.52 | -16.23 | 18.15 | 36.47 | -11.38 | 12.43 | 4.19 | -17.19 | 3.12 | 9.09 | -9.57 | 1.69 | 3.68 | -21.03 | 0.13 | 0.0 | -7.14 | 23.66 | 23.29 | -14.09 | 100.28 | 14.33 | 56.47 | 100.00 | -4.17 | -6.67 | 0.00 | 100.0 | 100.0 | 9.64 | -7.66 | -21.18 |
| 21Q4 (9) | 0.43 | -39.44 | 34.37 | 36.57 | 2.58 | 8.61 | 13.96 | -28.3 | 3.56 | 13.30 | -33.0 | 10.83 | 11.93 | -21.36 | 19.54 | 2.86 | -39.79 | 11.72 | 1.63 | -40.29 | 3.16 | 0.13 | -27.78 | -13.33 | 19.19 | -21.83 | -1.08 | 87.71 | 11.79 | 21.4 | 104.35 | 6.77 | -7.25 | -4.35 | -291.3 | 65.22 | 10.44 | 34.19 | -3.24 |
| 21Q3 (8) | 0.71 | 14.52 | 9.23 | 35.65 | -11.71 | -18.66 | 19.47 | -16.55 | -27.97 | 19.85 | -14.81 | -25.29 | 15.17 | -9.86 | -21.36 | 4.75 | 13.91 | -24.24 | 2.73 | 8.76 | -28.91 | 0.18 | 28.57 | -5.26 | 24.55 | -14.82 | -24.42 | 78.46 | 1.42 | 8.01 | 97.73 | -2.27 | -4.55 | 2.27 | 0 | 195.45 | 7.78 | -7.71 | -20.45 |
| 21Q2 (7) | 0.62 | 58.97 | -19.48 | 40.38 | -3.37 | 9.7 | 23.33 | 7.26 | 17.59 | 23.30 | 13.77 | 16.97 | 16.83 | 12.13 | 16.55 | 4.17 | 20.87 | -44.03 | 2.51 | 17.29 | -46.48 | 0.14 | 0.0 | -54.84 | 28.82 | 4.65 | 7.3 | 77.36 | 20.71 | 6.56 | 100.00 | -6.67 | 0.0 | 0.00 | 100.0 | 0 | 8.43 | -31.07 | -20.47 |
| 21Q1 (6) | 0.39 | 21.88 | 0 | 41.79 | 24.12 | 0 | 21.75 | 61.35 | 0 | 20.48 | 70.67 | 0 | 15.01 | 50.4 | 0 | 3.45 | 34.77 | 0 | 2.14 | 35.44 | 0 | 0.14 | -6.67 | 0 | 27.54 | 41.96 | 0 | 64.09 | -11.29 | 0 | 107.14 | -4.76 | 0 | -7.14 | 42.86 | 0 | 12.23 | 13.35 | 0 |
| 20Q4 (5) | 0.32 | -50.77 | 0 | 33.67 | -23.18 | 0 | 13.48 | -50.13 | 0 | 12.00 | -54.84 | 0 | 9.98 | -48.26 | 0 | 2.56 | -59.17 | 0 | 1.58 | -58.85 | 0 | 0.15 | -21.05 | 0 | 19.40 | -40.27 | 0 | 72.25 | -0.54 | 0 | 112.50 | 9.88 | 0 | -12.50 | -425.0 | 0 | 10.79 | 10.33 | 0 |
| 20Q3 (4) | 0.65 | -15.58 | 0.0 | 43.83 | 19.07 | 0.0 | 27.03 | 36.24 | 0.0 | 26.57 | 33.38 | 0.0 | 19.29 | 33.59 | 0.0 | 6.27 | -15.84 | 0.0 | 3.84 | -18.12 | 0.0 | 0.19 | -38.71 | 0.0 | 32.48 | 20.92 | 0.0 | 72.64 | 0.06 | 0.0 | 102.38 | 2.38 | 0.0 | -2.38 | 0 | 0.0 | 9.78 | -7.74 | 0.0 |
| 20Q2 (3) | 0.77 | 0 | 0.0 | 36.81 | 0 | 0.0 | 19.84 | 0 | 0.0 | 19.92 | 0 | 0.0 | 14.44 | 0 | 0.0 | 7.45 | 0 | 0.0 | 4.69 | 0 | 0.0 | 0.31 | 0 | 0.0 | 26.86 | 0 | 0.0 | 72.60 | 0 | 0.0 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 10.60 | 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) | 2.76 | -54.0 | 43.85 | -2.88 | 19.88 | -32.2 | 6.63 | 71.48 | 19.90 | -34.9 | 14.33 | -39.23 | 7.37 | -70.66 | 5.85 | -64.52 | 0.39 | -43.48 | 27.36 | -21.54 | 27.58 | -22.77 | 100.00 | 4.08 | 0.00 | 0 | 0.72 | 218.88 | 17.32 | 104.0 |
| 2022 (9) | 6.00 | 179.07 | 45.15 | 18.1 | 29.32 | 50.36 | 3.86 | -20.45 | 30.57 | 59.22 | 23.58 | 59.97 | 25.12 | 52.89 | 16.49 | 75.99 | 0.69 | 13.11 | 34.87 | 40.27 | 35.71 | -59.29 | 96.08 | -6.02 | 4.22 | 0 | 0.22 | 2.6 | 8.49 | -10.35 |
| 2021 (8) | 2.15 | 24.28 | 38.23 | 0.37 | 19.50 | -4.22 | 4.86 | -16.33 | 19.20 | -3.47 | 14.74 | -0.07 | 16.43 | 2.3 | 9.37 | -6.49 | 0.61 | -6.15 | 24.86 | -6.51 | 87.71 | 21.4 | 102.24 | -0.58 | -1.49 | 0 | 0.22 | -33.6 | 9.47 | -8.94 |
| 2020 (7) | 1.73 | 620.83 | 38.09 | 35.65 | 20.36 | 184.36 | 5.81 | 34.58 | 19.89 | 215.71 | 14.75 | 249.53 | 16.06 | 205.32 | 10.02 | 179.11 | 0.65 | -5.8 | 26.59 | 122.32 | 72.25 | 15.21 | 102.83 | -11.07 | -2.83 | 0 | 0.33 | 0 | 10.40 | 12.19 |
| 2019 (6) | 0.24 | 60.0 | 28.08 | 29.52 | 7.16 | 244.23 | 4.31 | 40.74 | 6.30 | 311.76 | 4.22 | 358.7 | 5.26 | 289.63 | 3.59 | 180.47 | 0.69 | -5.48 | 11.96 | 115.11 | 62.71 | -39.73 | 115.62 | -15.91 | -12.50 | 0 | 0.00 | 0 | 9.27 | 13.74 |
| 2018 (5) | 0.15 | -75.0 | 21.68 | 20.65 | 2.08 | -53.47 | 3.07 | 31.29 | 1.53 | -64.91 | 0.92 | -75.4 | 1.35 | -77.87 | 1.28 | -63.64 | 0.73 | -8.75 | 5.56 | -26.75 | 104.04 | 10.38 | 137.50 | 31.52 | -37.50 | 0 | 0.00 | 0 | 8.15 | 10.28 |
| 2017 (4) | 0.60 | -60.0 | 17.97 | -12.89 | 4.47 | -40.72 | 2.33 | 113.85 | 4.36 | -44.39 | 3.74 | -42.64 | 6.10 | -50.12 | 3.52 | -41.63 | 0.80 | -9.09 | 7.59 | -19.17 | 94.26 | -19.78 | 104.55 | 7.53 | -4.55 | 0 | 0.00 | 0 | 7.39 | 3.79 |
| 2016 (3) | 1.50 | 38.89 | 20.63 | 42.28 | 7.54 | 28.01 | 1.09 | 60.12 | 7.84 | 45.72 | 6.52 | 43.3 | 12.23 | 23.79 | 6.03 | 8.65 | 0.88 | -20.72 | 9.39 | 42.49 | 117.50 | 11.01 | 97.22 | -10.26 | 2.78 | 0 | 0.00 | 0 | 7.12 | 167.67 |
| 2015 (2) | 1.08 | -25.0 | 14.50 | 11.54 | 5.89 | 84.06 | 0.68 | 134.89 | 5.38 | 28.71 | 4.55 | 29.63 | 9.88 | -26.27 | 5.55 | -26.78 | 1.11 | -43.94 | 6.59 | 37.58 | 105.85 | 24.27 | 108.33 | 42.8 | -8.33 | 0 | 0.00 | 0 | 2.66 | -59.33 |
| 2014 (1) | 1.44 | 0 | 13.00 | 0 | 3.20 | 0 | 0.29 | 0 | 4.18 | 0 | 3.51 | 0 | 13.40 | 0 | 7.58 | 0 | 1.98 | 0 | 4.79 | 0 | 85.18 | 0 | 75.86 | 0 | 24.14 | 0 | 0.00 | 0 | 6.54 | 0 |
