- 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) | 0.18 | -62.5 | -18.18 | 19.63 | -27.11 | -31.53 | 9.91 | -42.35 | -7.9 | 9.87 | -44.02 | -12.42 | 7.84 | -45.52 | -33.45 | 0.72 | -63.82 | -28.71 | 0.28 | -64.1 | -30.0 | 0.04 | -20.0 | 33.33 | 11.22 | -40.26 | -13.36 | 164.39 | 7.43 | -0.26 | 102.08 | 4.53 | 6.62 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.48 | -60.66 | -42.17 | 26.93 | 42.64 | -20.37 | 17.19 | 13.47 | -30.01 | 17.63 | 16.22 | -29.59 | 14.39 | 30.82 | -31.25 | 1.99 | -60.36 | -48.18 | 0.78 | -61.0 | -48.68 | 0.05 | -72.22 | -28.57 | 18.78 | 21.32 | -27.46 | 153.02 | -2.87 | 3.09 | 97.66 | -2.08 | -0.06 | 2.34 | 762.5 | 28.32 | 6.19 | 129.26 | 0.98 |
| 24Q1 (18) | 1.22 | -48.31 | 351.85 | 18.88 | -40.14 | -41.22 | 15.15 | -35.28 | -24.55 | 15.17 | -35.8 | -23.77 | 11.00 | -44.05 | -17.36 | 5.02 | -50.05 | 314.88 | 2.00 | -49.37 | 308.16 | 0.18 | -10.0 | 350.0 | 15.48 | -35.2 | -27.22 | 157.54 | 8.42 | -0.37 | 99.73 | 0.7 | -1.39 | 0.27 | -71.83 | 123.91 | 2.70 | -17.18 | -68.89 |
| 23Q4 (17) | 2.36 | 972.73 | 129.13 | 31.54 | 10.01 | -11.92 | 23.41 | 117.57 | -5.38 | 23.63 | 109.67 | -3.47 | 19.66 | 66.89 | -13.58 | 10.05 | 895.05 | 120.88 | 3.95 | 887.5 | 107.89 | 0.20 | 566.67 | 150.0 | 23.89 | 84.48 | -4.93 | 145.30 | -11.84 | 4.99 | 99.04 | 3.44 | -1.77 | 0.96 | -77.33 | 178.14 | 3.26 | -65.72 | -35.95 |
| 23Q3 (16) | 0.22 | -73.49 | -89.32 | 28.67 | -15.23 | -14.9 | 10.76 | -56.19 | -60.03 | 11.27 | -54.99 | -58.03 | 11.78 | -43.72 | -50.65 | 1.01 | -73.7 | -89.66 | 0.40 | -73.68 | -89.87 | 0.03 | -57.14 | -82.35 | 12.95 | -49.98 | -52.21 | 164.82 | 11.04 | 17.28 | 95.74 | -2.02 | -4.44 | 4.26 | 132.98 | 2257.45 | 9.51 | 55.14 | 137.16 |
| 23Q2 (15) | 0.83 | 207.41 | 2.47 | 33.82 | 5.29 | 36.37 | 24.56 | 22.31 | 58.04 | 25.04 | 25.83 | 59.8 | 20.93 | 57.25 | 66.24 | 3.84 | 217.36 | -7.25 | 1.52 | 210.2 | -5.0 | 0.07 | 75.0 | -46.15 | 25.89 | 21.72 | 60.41 | 148.43 | -6.13 | -3.93 | 97.72 | -3.38 | -1.39 | 1.83 | 260.73 | 101.83 | 6.13 | -29.38 | 89.2 |
| 23Q1 (14) | 0.27 | -73.79 | 12.5 | 32.12 | -10.3 | 29.46 | 20.08 | -18.84 | 22.51 | 19.90 | -18.71 | 21.19 | 13.31 | -41.49 | 8.74 | 1.21 | -73.41 | 3.42 | 0.49 | -74.21 | 4.26 | 0.04 | -50.0 | 0.0 | 21.27 | -15.36 | 19.43 | 158.13 | 14.26 | -4.95 | 101.14 | 0.31 | 1.14 | -1.14 | 7.95 | 0 | 8.68 | 70.53 | 7.56 |
| 22Q4 (13) | 1.03 | -50.0 | -26.43 | 35.81 | 6.29 | 43.47 | 24.74 | -8.1 | 36.01 | 24.48 | -8.83 | 34.28 | 22.75 | -4.69 | 55.61 | 4.55 | -53.43 | -34.15 | 1.90 | -51.9 | -31.41 | 0.08 | -52.94 | -57.89 | 25.13 | -7.27 | 35.69 | 138.40 | -1.52 | -1.82 | 100.82 | 0.62 | 1.09 | -1.23 | -525.93 | -572.84 | 5.09 | 26.93 | 63.67 |
| 22Q3 (12) | 2.06 | 154.32 | 586.67 | 33.69 | 35.85 | 52.72 | 26.92 | 73.23 | 138.44 | 26.85 | 71.35 | 136.15 | 23.87 | 89.59 | 166.41 | 9.77 | 135.99 | 569.18 | 3.95 | 146.88 | 537.1 | 0.17 | 30.77 | 142.86 | 27.10 | 67.91 | 121.41 | 140.54 | -9.04 | -12.23 | 100.20 | 1.11 | 1.42 | -0.20 | -121.79 | -116.37 | 4.01 | 23.77 | -8.86 |
| 22Q2 (11) | 0.81 | 237.5 | -3.57 | 24.80 | -0.04 | 17.26 | 15.54 | -5.19 | -9.07 | 15.67 | -4.57 | -8.79 | 12.59 | 2.86 | -8.9 | 4.14 | 253.85 | 1.47 | 1.60 | 240.43 | -11.6 | 0.13 | 225.0 | 0.0 | 16.14 | -9.38 | -8.4 | 154.50 | -7.13 | 30.15 | 99.10 | -0.9 | -0.47 | 0.90 | 0 | 107.24 | 3.24 | -59.85 | -0.31 |
| 22Q1 (10) | 0.24 | -82.86 | 26.32 | 24.81 | -0.6 | 23.74 | 16.39 | -9.9 | 105.39 | 16.42 | -9.93 | 106.54 | 12.24 | -16.28 | 67.67 | 1.17 | -83.07 | 21.87 | 0.47 | -83.03 | 6.82 | 0.04 | -78.95 | -33.33 | 17.81 | -3.83 | 81.18 | 166.37 | 18.02 | 24.48 | 100.00 | 0.26 | 0.0 | 0.00 | -100.0 | 0 | 8.07 | 159.49 | 59.49 |
| 21Q4 (9) | 1.40 | 366.67 | 52.17 | 24.96 | 13.15 | -2.35 | 18.19 | 61.12 | -2.93 | 18.23 | 60.33 | -15.56 | 14.62 | 63.17 | -14.2 | 6.91 | 373.29 | 46.09 | 2.77 | 346.77 | 24.22 | 0.19 | 171.43 | 46.15 | 18.52 | 51.31 | -17.65 | 140.97 | -11.97 | 25.15 | 99.74 | 0.96 | 15.01 | 0.26 | -78.33 | -98.03 | 3.11 | -29.32 | -24.7 |
| 21Q3 (8) | 0.30 | -64.29 | -58.33 | 22.06 | 4.3 | 25.63 | 11.29 | -33.94 | -18.6 | 11.37 | -33.82 | -18.08 | 8.96 | -35.17 | -29.28 | 1.46 | -64.22 | -62.18 | 0.62 | -65.75 | -65.17 | 0.07 | -46.15 | -50.0 | 12.24 | -30.53 | -15.18 | 160.13 | 34.89 | 43.51 | 98.80 | -0.77 | -1.2 | 1.20 | 175.9 | 0 | 4.40 | 35.38 | 34.15 |
| 21Q2 (7) | 0.84 | 342.11 | 425.0 | 21.15 | 5.49 | 52.16 | 17.09 | 114.16 | 96.66 | 17.18 | 116.1 | 122.83 | 13.82 | 89.32 | 125.08 | 4.08 | 325.0 | 385.71 | 1.81 | 311.36 | 352.5 | 0.13 | 116.67 | 116.67 | 17.62 | 79.25 | 99.77 | 118.71 | -11.18 | -3.84 | 99.56 | -0.44 | -10.6 | 0.44 | 0 | 103.2 | 3.25 | -35.77 | -27.94 |
| 21Q1 (6) | 0.19 | -79.35 | -29.63 | 20.05 | -21.56 | -18.76 | 7.98 | -57.42 | -53.87 | 7.95 | -63.18 | -49.97 | 7.30 | -57.16 | -48.52 | 0.96 | -79.7 | -29.93 | 0.44 | -80.27 | -35.29 | 0.06 | -53.85 | 20.0 | 9.83 | -56.29 | -44.15 | 133.65 | 18.65 | 29.43 | 100.00 | 15.32 | -8.45 | 0.00 | -100.0 | 100.0 | 5.06 | 22.52 | 0 |
| 20Q4 (5) | 0.92 | 27.78 | 104.44 | 25.56 | 45.56 | 89.47 | 18.74 | 35.11 | 182.65 | 21.59 | 55.55 | 223.69 | 17.04 | 34.49 | 205.92 | 4.73 | 22.54 | 113.06 | 2.23 | 25.28 | 112.38 | 0.13 | -7.14 | -31.58 | 22.49 | 55.86 | 218.56 | 112.64 | 0.95 | 7.74 | 86.72 | -13.28 | -13.28 | 13.28 | 0 | 1347.66 | 4.13 | 25.91 | 0 |
| 20Q3 (4) | 0.72 | 350.0 | 0.0 | 17.56 | 26.33 | 0.0 | 13.87 | 59.61 | 0.0 | 13.88 | 80.03 | 0.0 | 12.67 | 106.35 | 0.0 | 3.86 | 359.52 | 0.0 | 1.78 | 345.0 | 0.0 | 0.14 | 133.33 | 0.0 | 14.43 | 63.61 | 0.0 | 111.58 | -9.62 | 0.0 | 100.00 | -10.2 | 0.0 | 0.00 | 100.0 | 0.0 | 3.28 | -27.27 | 0.0 |
| 20Q2 (3) | 0.16 | -40.74 | 0.0 | 13.90 | -43.68 | 0.0 | 8.69 | -49.77 | 0.0 | 7.71 | -51.48 | 0.0 | 6.14 | -56.7 | 0.0 | 0.84 | -38.69 | 0.0 | 0.40 | -41.18 | 0.0 | 0.06 | 20.0 | 0.0 | 8.82 | -49.89 | 0.0 | 123.45 | 19.55 | 0.0 | 111.36 | 1.95 | 0.0 | -13.64 | -47.73 | 0.0 | 4.51 | 0 | 0.0 |
| 20Q1 (2) | 0.27 | -40.0 | 0.0 | 24.68 | 82.95 | 0.0 | 17.30 | 160.94 | 0.0 | 15.89 | 138.23 | 0.0 | 14.18 | 154.58 | 0.0 | 1.37 | -38.29 | 0.0 | 0.68 | -35.24 | 0.0 | 0.05 | -73.68 | 0.0 | 17.60 | 149.29 | 0.0 | 103.26 | -1.23 | 0.0 | 109.23 | 9.23 | 0.0 | -9.23 | -1106.15 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 13.49 | 0.0 | 0.0 | 6.63 | 0.0 | 0.0 | 6.67 | 0.0 | 0.0 | 5.57 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 7.06 | 0.0 | 0.0 | 104.55 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.92 | 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) | 3.69 | -10.65 | 31.78 | 3.59 | 22.09 | -0.09 | 0.53 | 12.88 | 22.35 | 1.27 | 18.52 | -3.64 | 15.43 | -17.71 | 6.39 | -18.49 | 0.34 | -17.07 | 22.97 | 1.68 | 145.30 | 4.99 | 98.77 | -1.42 | 1.13 | 0 | 0.01 | -9.02 | 4.98 | 13.96 |
| 2022 (9) | 4.13 | 51.28 | 30.68 | 34.27 | 22.11 | 42.0 | 0.47 | 5.36 | 22.07 | 41.29 | 19.22 | 52.18 | 18.75 | 40.55 | 7.84 | 33.11 | 0.41 | -12.77 | 22.59 | 39.1 | 138.40 | -1.82 | 100.19 | 0.6 | -0.19 | 0 | 0.01 | -8.33 | 4.37 | 22.07 |
| 2021 (8) | 2.73 | 31.88 | 22.85 | 10.98 | 15.57 | 3.04 | 0.44 | -28.07 | 15.62 | -1.01 | 12.63 | -4.97 | 13.34 | 26.33 | 5.89 | 15.94 | 0.47 | 23.68 | 16.24 | -2.87 | 140.97 | 25.15 | 99.60 | 4.04 | 0.27 | -93.69 | 0.01 | -15.86 | 3.58 | -19.37 |
| 2020 (7) | 2.07 | -14.81 | 20.59 | 13.13 | 15.11 | 23.85 | 0.62 | 17.68 | 15.78 | 26.24 | 13.29 | 19.41 | 10.56 | -15.92 | 5.08 | -13.01 | 0.38 | -26.92 | 16.72 | 27.34 | 112.64 | 7.74 | 95.72 | -1.95 | 4.28 | 80.54 | 0.01 | 0 | 4.44 | 32.54 |
| 2019 (6) | 2.43 | 0.83 | 18.20 | -27.63 | 12.20 | -31.77 | 0.52 | -38.68 | 12.50 | -32.14 | 11.13 | -35.25 | 12.56 | -4.05 | 5.84 | 6.18 | 0.52 | 62.5 | 13.13 | -32.84 | 104.55 | -19.57 | 97.63 | 0.6 | 2.37 | -19.66 | 0.00 | 0 | 3.35 | -32.73 |
| 2018 (5) | 2.41 | 102.52 | 25.15 | 53.45 | 17.88 | 97.79 | 0.85 | -23.43 | 18.42 | 43.35 | 17.19 | 55.28 | 13.09 | 86.47 | 5.50 | 92.31 | 0.32 | 28.0 | 19.55 | 35.86 | 129.99 | -13.5 | 97.05 | 37.72 | 2.95 | -90.02 | 0.01 | 0 | 4.98 | -12.32 |
| 2017 (4) | 1.19 | -8.46 | 16.39 | -25.7 | 9.04 | -26.08 | 1.11 | 2.25 | 12.85 | -9.51 | 11.07 | -14.32 | 7.02 | -11.81 | 2.86 | -11.46 | 0.25 | 0.0 | 14.39 | -8.29 | 150.27 | 1.98 | 70.47 | -18.2 | 29.53 | 113.25 | 0.00 | 0 | 5.68 | -9.7 |
| 2016 (3) | 1.30 | -7.14 | 22.06 | 3.71 | 12.23 | 7.0 | 1.09 | 119.67 | 14.20 | 21.16 | 12.92 | 12.15 | 7.96 | -11.85 | 3.23 | -14.78 | 0.25 | -24.24 | 15.69 | 26.53 | 147.35 | -4.95 | 86.15 | -11.46 | 13.85 | 500.0 | 0.00 | 0 | 6.29 | 2.61 |
| 2015 (2) | 1.40 | -55.56 | 21.27 | 1.14 | 11.43 | -17.71 | 0.50 | 188.27 | 11.72 | -14.83 | 11.52 | -13.77 | 9.03 | -57.7 | 3.79 | -61.21 | 0.33 | -54.79 | 12.40 | -11.55 | 155.03 | 25.3 | 97.31 | -3.55 | 2.31 | 0 | 0.00 | 0 | 6.13 | 25.61 |
| 2014 (1) | 3.15 | -22.22 | 21.03 | 0 | 13.89 | 0 | 0.17 | 30.58 | 13.76 | 0 | 13.36 | 0 | 21.35 | 0 | 9.77 | 0 | 0.73 | -27.0 | 14.02 | 3.62 | 123.73 | 8.45 | 100.89 | 4.51 | -0.89 | 0 | 0.00 | 0 | 4.88 | 12.7 |
