- 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) | 0.66 | 15.79 | 13.79 | 27.02 | 1.2 | 7.91 | 10.39 | 19.29 | 34.06 | 11.78 | 1.9 | 5.65 | 9.74 | 0.0 | 9.93 | 3.71 | 10.42 | 9.76 | 2.38 | 14.42 | 14.98 | 0.24 | 14.29 | 4.35 | 15.64 | -2.86 | 6.03 | 51.84 | -15.91 | -11.93 | 88.14 | 18.29 | 25.25 | 11.86 | -53.46 | -62.31 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.57 | 9.62 | -30.49 | 26.70 | 18.19 | 1.95 | 8.71 | 36.31 | -15.6 | 11.56 | 10.52 | -11.76 | 9.74 | 21.6 | -16.82 | 3.36 | 11.63 | -33.73 | 2.08 | 11.23 | -30.43 | 0.21 | -8.7 | -16.0 | 16.10 | 11.34 | -1.35 | 61.65 | -1.99 | -11.32 | 74.51 | 22.58 | -4.79 | 25.49 | -35.0 | 17.25 | 25.35 | 8.15 | 3.81 |
| 24Q1 (18) | 0.52 | 372.73 | -17.46 | 22.59 | 1.85 | -14.92 | 6.39 | 57.0 | -42.48 | 10.46 | 352.81 | -10.21 | 8.01 | 337.7 | -12.93 | 3.01 | 377.78 | -23.6 | 1.87 | 367.5 | -20.76 | 0.23 | 4.55 | -11.54 | 14.46 | 133.6 | -0.89 | 62.90 | 3.95 | -11.07 | 60.78 | -66.23 | -36.02 | 39.22 | 149.02 | 684.31 | 23.44 | -5.48 | 4.97 |
| 23Q4 (17) | 0.11 | -81.03 | -76.6 | 22.18 | -11.42 | -12.09 | 4.07 | -47.48 | -49.32 | 2.31 | -79.28 | -71.09 | 1.83 | -79.35 | -73.4 | 0.63 | -81.36 | -78.57 | 0.40 | -80.68 | -77.78 | 0.22 | -4.35 | -15.38 | 6.19 | -58.03 | -41.33 | 60.51 | 2.8 | -6.13 | 180.00 | 155.79 | 80.0 | -80.00 | -354.12 | 0 | 24.80 | 1.43 | 6.3 |
| 23Q3 (16) | 0.58 | -29.27 | 3.57 | 25.04 | -4.39 | 13.35 | 7.75 | -24.9 | -5.6 | 11.15 | -14.89 | 4.11 | 8.86 | -24.34 | 8.45 | 3.38 | -33.33 | -6.89 | 2.07 | -30.77 | -5.48 | 0.23 | -8.0 | -14.81 | 14.75 | -9.62 | 13.81 | 58.86 | -15.33 | -6.41 | 70.37 | -10.08 | -7.85 | 31.48 | 44.81 | 33.19 | 24.45 | 0.12 | 12.99 |
| 23Q2 (15) | 0.82 | 30.16 | 64.0 | 26.19 | -1.36 | 11.68 | 10.32 | -7.11 | 14.54 | 13.10 | 12.45 | 27.43 | 11.71 | 27.28 | 50.51 | 5.07 | 28.68 | 55.52 | 2.99 | 26.69 | 47.29 | 0.25 | -3.85 | -3.85 | 16.32 | 11.86 | 30.04 | 69.52 | -1.71 | 0.36 | 78.26 | -17.62 | -11.07 | 21.74 | 334.78 | 81.16 | 24.42 | 9.36 | 13.9 |
| 23Q1 (14) | 0.63 | 34.04 | 125.0 | 26.55 | 5.23 | 26.37 | 11.11 | 38.36 | 69.62 | 11.65 | 45.81 | 63.85 | 9.20 | 33.72 | 76.58 | 3.94 | 34.01 | 121.35 | 2.36 | 31.11 | 108.85 | 0.26 | 0.0 | 18.18 | 14.59 | 38.29 | 48.57 | 70.73 | 9.73 | 35.73 | 95.00 | -5.0 | 2.31 | 5.00 | 0 | -30.0 | 22.33 | -4.29 | -3.96 |
| 22Q4 (13) | 0.47 | -16.07 | 104.35 | 25.23 | 14.21 | 33.85 | 8.03 | -2.19 | 71.22 | 7.99 | -25.4 | 54.25 | 6.88 | -15.79 | 60.0 | 2.94 | -19.01 | 94.7 | 1.80 | -17.81 | 87.5 | 0.26 | -3.7 | 18.18 | 10.55 | -18.6 | 31.88 | 64.46 | 2.5 | 2.55 | 100.00 | 30.95 | 10.53 | 0.00 | -100.0 | -100.0 | 23.33 | 7.81 | 1.7 |
| 22Q3 (12) | 0.56 | 12.0 | 75.0 | 22.09 | -5.8 | 13.69 | 8.21 | -8.88 | 90.49 | 10.71 | 4.18 | 66.05 | 8.17 | 5.01 | 29.68 | 3.63 | 11.35 | 72.04 | 2.19 | 7.88 | 55.32 | 0.27 | 3.85 | 22.73 | 12.96 | 3.27 | 33.75 | 62.89 | -9.21 | 16.64 | 76.36 | -13.22 | 19.32 | 23.64 | 96.97 | -26.14 | 21.64 | 0.93 | -8.65 |
| 22Q2 (11) | 0.50 | 78.57 | 108.33 | 23.45 | 11.61 | 10.3 | 9.01 | 37.56 | 46.27 | 10.28 | 44.59 | 60.37 | 7.78 | 49.33 | 54.37 | 3.26 | 83.15 | 107.64 | 2.03 | 79.65 | 82.88 | 0.26 | 18.18 | 18.18 | 12.55 | 27.8 | 28.72 | 69.27 | 32.93 | 46.7 | 88.00 | -5.23 | -8.0 | 12.00 | 68.0 | 176.0 | 21.44 | -7.78 | -10.33 |
| 22Q1 (10) | 0.28 | 21.74 | 27.27 | 21.01 | 11.46 | -2.32 | 6.55 | 39.66 | 99.7 | 7.11 | 37.26 | 8.05 | 5.21 | 21.16 | -12.14 | 1.78 | 17.88 | 21.92 | 1.13 | 17.71 | 6.6 | 0.22 | 0.0 | 22.22 | 9.82 | 22.75 | -12.24 | 52.11 | -17.1 | 41.87 | 92.86 | 2.63 | 85.71 | 7.14 | -25.0 | -85.71 | 23.25 | 1.35 | -22.01 |
| 21Q4 (9) | 0.23 | -28.12 | 109.09 | 18.85 | -2.99 | -0.48 | 4.69 | 8.82 | 810.61 | 5.18 | -19.69 | 896.15 | 4.30 | -31.75 | 37.38 | 1.51 | -28.44 | 98.68 | 0.96 | -31.91 | 74.55 | 0.22 | 0.0 | 29.41 | 8.00 | -17.44 | 53.85 | 62.86 | 16.58 | 66.47 | 90.48 | 41.37 | 145.24 | 9.52 | -70.24 | -96.83 | 22.94 | -3.17 | -21.68 |
| 21Q3 (8) | 0.32 | 33.33 | 77.78 | 19.43 | -8.61 | -5.45 | 4.31 | -30.03 | 2.38 | 6.45 | 0.62 | 32.99 | 6.30 | 25.0 | 57.5 | 2.11 | 34.39 | 72.95 | 1.41 | 27.03 | 74.07 | 0.22 | 0.0 | 10.0 | 9.69 | -0.62 | 15.22 | 53.92 | 14.19 | 29.74 | 64.00 | -33.09 | -26.86 | 32.00 | 636.0 | 156.0 | 23.69 | -0.92 | -6.44 |
| 21Q2 (7) | 0.24 | 9.09 | -27.27 | 21.26 | -1.16 | -3.36 | 6.16 | 87.8 | 16.67 | 6.41 | -2.58 | -15.55 | 5.04 | -15.01 | -28.21 | 1.57 | 7.53 | -28.31 | 1.11 | 4.72 | -23.97 | 0.22 | 22.22 | 4.76 | 9.75 | -12.87 | -12.0 | 47.22 | 28.56 | -19.8 | 95.65 | 91.3 | 35.93 | 4.35 | -91.3 | -85.33 | 23.91 | -19.79 | 0 |
| 21Q1 (6) | 0.22 | 100.0 | -15.38 | 21.51 | 13.57 | 0.84 | 3.28 | 596.97 | -46.67 | 6.58 | 1165.38 | 0.61 | 5.93 | 89.46 | 12.74 | 1.46 | 92.11 | -13.1 | 1.06 | 92.73 | -7.02 | 0.18 | 5.88 | -18.18 | 11.19 | 115.19 | 15.36 | 36.73 | -2.73 | -12.57 | 50.00 | 125.0 | -47.83 | 50.00 | -83.33 | 1100.0 | 29.81 | 1.78 | 24.62 |
| 20Q4 (5) | 0.11 | -38.89 | -59.26 | 18.94 | -7.83 | -5.3 | -0.66 | -115.68 | -112.74 | 0.52 | -89.28 | -89.23 | 3.13 | -21.75 | -31.66 | 0.76 | -37.7 | -55.81 | 0.55 | -32.1 | -51.33 | 0.17 | -15.0 | -32.0 | 5.20 | -38.17 | -31.58 | 37.76 | -9.14 | -27.93 | -200.00 | -328.57 | -282.61 | 300.00 | 2300.0 | 3250.0 | 29.29 | 15.68 | 38.49 |
| 20Q3 (4) | 0.18 | -45.45 | 0.0 | 20.55 | -6.59 | 0.0 | 4.21 | -20.27 | 0.0 | 4.85 | -36.1 | 0.0 | 4.00 | -43.02 | 0.0 | 1.22 | -44.29 | 0.0 | 0.81 | -44.52 | 0.0 | 0.20 | -4.76 | 0.0 | 8.41 | -24.1 | 0.0 | 41.56 | -29.42 | 0.0 | 87.50 | 24.34 | 0.0 | 12.50 | -57.81 | 0.0 | 25.32 | 0 | 0.0 |
| 20Q2 (3) | 0.33 | 26.92 | 0.0 | 22.00 | 3.14 | 0.0 | 5.28 | -14.15 | 0.0 | 7.59 | 16.06 | 0.0 | 7.02 | 33.46 | 0.0 | 2.19 | 30.36 | 0.0 | 1.46 | 28.07 | 0.0 | 0.21 | -4.55 | 0.0 | 11.08 | 14.23 | 0.0 | 58.88 | 40.16 | 0.0 | 70.37 | -26.57 | 0.0 | 29.63 | 611.11 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.26 | -3.7 | 0.0 | 21.33 | 6.65 | 0.0 | 6.15 | 18.73 | 0.0 | 6.54 | 35.4 | 0.0 | 5.26 | 14.85 | 0.0 | 1.68 | -2.33 | 0.0 | 1.14 | 0.88 | 0.0 | 0.22 | -12.0 | 0.0 | 9.70 | 27.63 | 0.0 | 42.01 | -19.81 | 0.0 | 95.83 | -12.5 | 0.0 | 4.17 | 143.75 | 0.0 | 23.92 | 13.1 | 0.0 |
| 19Q4 (1) | 0.27 | 0.0 | 0.0 | 20.00 | 0.0 | 0.0 | 5.18 | 0.0 | 0.0 | 4.83 | 0.0 | 0.0 | 4.58 | 0.0 | 0.0 | 1.72 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 7.60 | 0.0 | 0.0 | 52.39 | 0.0 | 0.0 | 109.52 | 0.0 | 0.0 | -9.52 | 0.0 | 0.0 | 21.15 | 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) | 2.14 | 18.23 | 25.09 | 8.85 | 8.47 | 5.61 | 2.98 | 42.36 | 9.78 | 7.12 | 8.11 | 14.06 | 12.67 | 10.17 | 7.83 | 11.22 | 0.96 | -3.03 | 13.18 | 14.01 | 60.51 | -6.13 | 86.60 | -1.52 | 13.40 | 11.05 | 0.57 | -19.18 | 23.97 | 7.1 |
| 2022 (9) | 1.81 | 79.21 | 23.05 | 14.45 | 8.02 | 71.37 | 2.09 | -29.37 | 9.13 | 49.43 | 7.11 | 32.9 | 11.50 | 71.9 | 7.04 | 58.2 | 0.99 | 19.28 | 11.56 | 21.43 | 64.46 | 2.55 | 87.93 | 15.91 | 12.07 | -47.5 | 0.70 | -17.97 | 22.38 | -9.5 |
| 2021 (8) | 1.01 | 14.77 | 20.14 | -3.31 | 4.68 | 15.56 | 2.96 | -8.73 | 6.11 | 18.18 | 5.35 | 7.43 | 6.69 | 15.54 | 4.45 | 11.53 | 0.83 | 3.75 | 9.52 | 7.81 | 62.86 | 66.47 | 75.86 | -3.07 | 22.99 | 5.75 | 0.85 | -34.31 | 24.73 | -4.77 |
| 2020 (7) | 0.88 | -36.23 | 20.83 | 4.46 | 4.05 | -33.5 | 3.25 | 52.19 | 5.17 | -26.35 | 4.98 | -14.14 | 5.79 | -36.09 | 3.99 | -32.72 | 0.80 | -21.57 | 8.83 | -5.76 | 37.76 | -27.93 | 78.26 | -9.42 | 21.74 | 59.85 | 1.30 | 130.56 | 25.97 | 25.28 |
| 2019 (6) | 1.38 | 33.98 | 19.94 | 16.68 | 6.09 | 53.79 | 2.13 | 13.64 | 7.02 | 27.64 | 5.80 | 24.46 | 9.06 | 28.15 | 5.93 | 28.63 | 1.02 | 3.03 | 9.37 | 24.77 | 52.39 | -2.0 | 86.40 | 20.96 | 13.60 | -50.5 | 0.56 | -12.06 | 20.73 | 0.63 |
| 2018 (5) | 1.03 | 171.05 | 17.09 | 2.83 | 3.96 | 98.0 | 1.88 | -24.83 | 5.50 | 117.39 | 4.66 | 105.29 | 7.07 | 156.16 | 4.61 | 143.92 | 0.99 | 19.28 | 7.51 | 41.7 | 53.46 | 0.41 | 71.43 | -6.59 | 27.47 | 33.44 | 0.64 | 0 | 20.60 | -10.82 |
| 2017 (4) | 0.38 | -19.15 | 16.62 | -13.12 | 2.00 | -23.66 | 2.50 | -9.46 | 2.53 | -31.62 | 2.27 | -32.84 | 2.76 | -21.14 | 1.89 | -25.0 | 0.83 | 12.16 | 5.30 | -20.66 | 53.24 | 28.85 | 76.47 | 8.54 | 20.59 | -30.32 | 0.00 | 0 | 23.10 | -11.73 |
| 2016 (3) | 0.47 | 46.87 | 19.13 | 1.54 | 2.62 | 403.85 | 2.76 | 34.59 | 3.70 | 10.78 | 3.38 | 26.12 | 3.50 | 47.06 | 2.52 | 44.0 | 0.74 | 13.85 | 6.68 | 19.5 | 41.32 | 7.63 | 70.45 | 322.73 | 29.55 | -64.55 | 0.00 | 0 | 26.17 | -3.93 |
| 2015 (2) | 0.32 | -31.91 | 18.84 | 2.84 | 0.52 | -76.47 | 2.05 | 25.47 | 3.34 | -23.74 | 2.68 | -22.77 | 2.38 | -31.21 | 1.75 | -32.17 | 0.65 | -12.16 | 5.59 | -11.13 | 38.39 | 12.98 | 16.67 | -66.67 | 83.33 | 66.67 | 0.00 | 0 | 27.24 | 12.89 |
| 2014 (1) | 0.47 | -18.97 | 18.32 | 0 | 2.21 | 0 | 1.63 | 8.44 | 4.38 | 0 | 3.47 | 0 | 3.46 | 0 | 2.58 | 0 | 0.74 | -3.9 | 6.29 | -5.56 | 33.98 | -0.18 | 50.00 | 0.0 | 50.00 | 0.0 | 0.00 | 0 | 24.13 | 5.14 |
