- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.94 | 683.33 | 64.91 | 30.39 | -7.69 | 11.93 | 7.23 | -35.5 | -16.03 | 15.22 | 108.49 | 38.49 | 11.61 | 455.5 | 26.2 | 4.38 | 563.64 | 17.74 | 1.89 | 302.13 | 5.0 | 0.15 | 0.0 | -16.67 | 16.86 | 85.68 | 30.8 | 193.52 | 74.2 | 45.92 | 47.66 | -68.92 | -39.15 | 52.34 | 198.13 | 141.55 | 8.03 | 1.13 | -5.42 |
| 23Q4 (19) | 0.12 | -91.11 | -67.57 | 32.92 | -0.09 | 12.28 | 11.21 | 11.54 | 39.6 | 7.30 | -70.12 | -6.53 | 2.09 | -90.34 | -68.38 | 0.66 | -91.35 | -71.55 | 0.47 | -86.49 | -61.16 | 0.15 | 0.0 | -6.25 | 9.08 | -65.44 | -11.41 | 111.09 | 6.31 | -11.01 | 153.33 | 274.24 | 49.4 | -53.33 | -190.35 | -1926.67 | 7.94 | -24.24 | -8.63 |
| 23Q3 (18) | 1.35 | 84.93 | 107.69 | 32.95 | 8.46 | 9.21 | 10.05 | 6.8 | 36.73 | 24.43 | 57.31 | 70.96 | 21.63 | 72.21 | 73.46 | 7.63 | 59.96 | 79.53 | 3.48 | 67.31 | 66.51 | 0.15 | 0.0 | -6.25 | 26.27 | 48.84 | 67.11 | 104.50 | -37.01 | -1.2 | 40.97 | -32.57 | -21.67 | 59.03 | 50.43 | 19.9 | 10.48 | 14.16 | -0.66 |
| 23Q2 (17) | 0.73 | 28.07 | -37.61 | 30.38 | 11.9 | 32.43 | 9.41 | 9.29 | 67.14 | 15.53 | 41.31 | 15.21 | 12.56 | 36.52 | -7.78 | 4.77 | 28.23 | -35.28 | 2.08 | 15.56 | -38.28 | 0.15 | -16.67 | -37.5 | 17.65 | 36.93 | 20.97 | 165.91 | 25.1 | 34.23 | 60.76 | -22.43 | 47.56 | 39.24 | 81.11 | -32.16 | 9.18 | 8.13 | 13.05 |
| 23Q1 (16) | 0.57 | 54.05 | 5.56 | 27.15 | -7.4 | 35.21 | 8.61 | 7.22 | 74.29 | 10.99 | 40.72 | 49.12 | 9.20 | 39.18 | 22.5 | 3.72 | 60.34 | -2.87 | 1.80 | 48.76 | -3.23 | 0.18 | 12.5 | -21.74 | 12.89 | 25.76 | 41.65 | 132.62 | 6.23 | 3.62 | 78.33 | -23.68 | 17.5 | 21.67 | 923.33 | -35.0 | 8.49 | -2.3 | 0.59 |
| 22Q4 (15) | 0.37 | -43.08 | -54.32 | 29.32 | -2.82 | 34.8 | 8.03 | 9.25 | 128.12 | 7.81 | -45.35 | -31.19 | 6.61 | -46.99 | -46.95 | 2.32 | -45.41 | -61.9 | 1.21 | -42.11 | -60.07 | 0.16 | 0.0 | -30.43 | 10.25 | -34.8 | -22.23 | 124.84 | 18.03 | 16.44 | 102.63 | 96.21 | 226.9 | -2.63 | -105.35 | -103.84 | 8.69 | -17.63 | -14.72 |
| 22Q3 (14) | 0.65 | -44.44 | 62.5 | 30.17 | 31.52 | 44.7 | 7.35 | 30.55 | 50.0 | 14.29 | 6.01 | 145.11 | 12.47 | -8.44 | 110.64 | 4.25 | -42.33 | 45.55 | 2.09 | -37.98 | 45.14 | 0.16 | -33.33 | -30.43 | 15.72 | 7.75 | 105.76 | 105.77 | -14.43 | -3.46 | 52.31 | 27.03 | -37.8 | 49.23 | -14.89 | 209.45 | 10.55 | 29.93 | 13.93 |
| 22Q2 (13) | 1.17 | 116.67 | 485.0 | 22.94 | 14.24 | 18.49 | 5.63 | 13.97 | 28.83 | 13.48 | 82.9 | 337.66 | 13.62 | 81.36 | 381.27 | 7.37 | 92.43 | 434.06 | 3.37 | 81.18 | 374.65 | 0.24 | 4.35 | 9.09 | 14.59 | 60.33 | 191.22 | 123.60 | -3.43 | -2.75 | 41.18 | -38.24 | -70.4 | 57.84 | 73.53 | 233.04 | 8.12 | -3.79 | -11.35 |
| 22Q1 (12) | 0.54 | -33.33 | 22.73 | 20.08 | -7.68 | -12.47 | 4.94 | 40.34 | -25.04 | 7.37 | -35.07 | 7.28 | 7.51 | -39.73 | 20.93 | 3.83 | -37.11 | 30.27 | 1.86 | -38.61 | 25.68 | 0.23 | 0.0 | 0.0 | 9.10 | -30.96 | 4.0 | 127.99 | 19.38 | 7.23 | 66.67 | 112.35 | -30.5 | 33.33 | -51.41 | 716.67 | 8.44 | -17.17 | -16.77 |
| 21Q4 (11) | 0.81 | 102.5 | 107.69 | 21.75 | 4.32 | 0.93 | 3.52 | -28.16 | -43.95 | 11.35 | 94.68 | 98.77 | 12.46 | 110.47 | 103.59 | 6.09 | 108.56 | 88.54 | 3.03 | 110.42 | 78.24 | 0.23 | 0.0 | -11.54 | 13.18 | 72.51 | 80.8 | 107.21 | -2.14 | 6.18 | 31.40 | -62.66 | -71.74 | 68.60 | 331.23 | 717.44 | 10.19 | 10.04 | 3.24 |
| 21Q3 (10) | 0.40 | 100.0 | -32.2 | 20.85 | 7.7 | 24.48 | 4.90 | 12.13 | 25.96 | 5.83 | 89.29 | -5.05 | 5.92 | 109.19 | -1.82 | 2.92 | 111.59 | -33.79 | 1.44 | 102.82 | -33.33 | 0.23 | 4.55 | -32.35 | 7.64 | 52.5 | -0.26 | 109.56 | -13.8 | 10.11 | 84.09 | -39.56 | 32.14 | 15.91 | 136.59 | -56.25 | 9.26 | 1.09 | 6.81 |
| 21Q2 (9) | 0.20 | -54.55 | -42.86 | 19.36 | -15.61 | -0.97 | 4.37 | -33.69 | -13.29 | 3.08 | -55.17 | -34.33 | 2.83 | -54.43 | -28.72 | 1.38 | -53.06 | -44.8 | 0.71 | -52.03 | -43.2 | 0.22 | -4.35 | -24.14 | 5.01 | -42.74 | -27.07 | 127.10 | 6.48 | -0.24 | 139.13 | 45.05 | 30.06 | -43.48 | -1165.22 | -523.19 | 9.16 | -9.66 | 0 |
| 21Q1 (8) | 0.44 | 12.82 | 46.67 | 22.94 | 6.45 | 15.22 | 6.59 | 4.94 | 65.16 | 6.87 | 20.32 | 57.57 | 6.21 | 1.47 | 53.71 | 2.94 | -8.98 | 36.74 | 1.48 | -12.94 | 32.14 | 0.23 | -11.54 | -8.0 | 8.75 | 20.03 | 30.79 | 119.36 | 18.21 | 9.47 | 95.92 | -13.67 | 5.2 | 4.08 | 136.73 | -53.74 | 10.14 | 2.74 | -3.15 |
| 20Q4 (7) | 0.39 | -33.9 | 21.88 | 21.55 | 28.66 | 20.73 | 6.28 | 61.44 | 36.52 | 5.71 | -7.0 | 51.06 | 6.12 | 1.49 | 53.38 | 3.23 | -26.76 | 13.73 | 1.70 | -21.3 | 18.88 | 0.26 | -23.53 | -21.21 | 7.29 | -4.83 | 22.93 | 100.97 | 1.48 | -12.83 | 111.11 | 74.6 | -7.8 | -11.11 | -130.56 | 45.83 | 9.87 | 13.84 | -0.2 |
| 20Q3 (6) | 0.59 | 68.57 | 78.79 | 16.75 | -14.32 | -1.24 | 3.89 | -22.82 | -15.98 | 6.14 | 30.92 | 53.5 | 6.03 | 51.89 | 52.66 | 4.41 | 76.4 | 52.6 | 2.16 | 72.8 | 44.97 | 0.34 | 17.24 | -2.86 | 7.66 | 11.5 | 31.16 | 99.50 | -21.9 | -9.54 | 63.64 | -40.51 | -44.32 | 36.36 | 621.21 | 318.18 | 8.67 | 0 | -4.2 |
| 20Q2 (5) | 0.35 | 16.67 | 84.21 | 19.55 | -1.81 | 29.13 | 5.04 | 26.32 | 175.41 | 4.69 | 7.57 | 83.2 | 3.97 | -1.73 | 77.23 | 2.50 | 16.28 | 68.92 | 1.25 | 11.61 | 47.06 | 0.29 | 16.0 | -17.14 | 6.87 | 2.69 | 53.69 | 127.40 | 16.85 | 23.98 | 106.98 | 17.33 | 51.03 | -6.98 | -179.07 | -123.92 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.30 | -6.25 | 0.0 | 19.91 | 11.54 | 0.0 | 3.99 | -13.26 | 0.0 | 4.36 | 15.34 | 0.0 | 4.04 | 1.25 | 0.0 | 2.15 | -24.3 | 0.0 | 1.12 | -21.68 | 0.0 | 0.25 | -24.24 | 0.0 | 6.69 | 12.82 | 0.0 | 109.03 | -5.87 | 0.0 | 91.18 | -24.34 | 0.0 | 8.82 | 143.01 | 0.0 | 10.47 | 5.86 | 0.0 |
| 19Q4 (3) | 0.32 | -3.03 | 0.0 | 17.85 | 5.25 | 0.0 | 4.60 | -0.65 | 0.0 | 3.78 | -5.5 | 0.0 | 3.99 | 1.01 | 0.0 | 2.84 | -1.73 | 0.0 | 1.43 | -4.03 | 0.0 | 0.33 | -5.71 | 0.0 | 5.93 | 1.54 | 0.0 | 115.83 | 5.31 | 0.0 | 120.51 | 5.45 | 0.0 | -20.51 | -23.08 | 0.0 | 9.89 | 9.28 | 0.0 |
| 19Q3 (2) | 0.33 | 73.68 | 0.0 | 16.96 | 12.02 | 0.0 | 4.63 | 153.01 | 0.0 | 4.00 | 56.25 | 0.0 | 3.95 | 76.34 | 0.0 | 2.89 | 95.27 | 0.0 | 1.49 | 75.29 | 0.0 | 0.35 | 0.0 | 0.0 | 5.84 | 30.65 | 0.0 | 109.99 | 7.04 | 0.0 | 114.29 | 61.34 | 0.0 | -16.67 | -157.14 | 0.0 | 9.05 | -1.74 | 0.0 |
| 19Q2 (1) | 0.19 | 0.0 | 0.0 | 15.14 | 0.0 | 0.0 | 1.83 | 0.0 | 0.0 | 2.56 | 0.0 | 0.0 | 2.24 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 4.47 | 0.0 | 0.0 | 102.76 | 0.0 | 0.0 | 70.83 | 0.0 | 0.0 | 29.17 | 0.0 | 0.0 | 9.21 | 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) | 2.74 | 0.37 | 30.97 | 25.64 | 9.88 | 59.1 | 0.53 | -22.92 | 14.52 | 36.98 | 11.26 | 11.26 | 15.16 | -10.35 | 7.64 | -7.73 | 0.62 | -20.51 | 16.36 | 34.21 | 111.09 | -11.01 | 67.99 | 16.42 | 32.01 | -22.34 | 0.00 | 0 | 9.01 | 2.62 |
| 2022 (9) | 2.73 | 46.77 | 24.65 | 16.16 | 6.21 | 28.84 | 0.69 | -37.89 | 10.60 | 55.65 | 10.12 | 46.88 | 16.91 | 26.76 | 8.28 | 19.48 | 0.78 | -17.89 | 12.19 | 40.6 | 124.84 | 16.44 | 58.40 | -17.68 | 41.22 | 41.83 | 0.00 | 0 | 8.78 | -9.3 |
| 2021 (8) | 1.86 | 14.11 | 21.22 | 10.35 | 4.82 | 1.69 | 1.11 | -8.18 | 6.81 | 28.98 | 6.89 | 35.63 | 13.34 | 9.61 | 6.93 | 11.06 | 0.95 | -17.39 | 8.67 | 20.58 | 107.21 | 6.18 | 70.94 | -21.09 | 29.06 | 187.58 | 0.06 | -61.57 | 9.68 | -1.53 |
| 2020 (7) | 1.63 | 69.79 | 19.23 | 19.37 | 4.74 | 50.0 | 1.21 | -21.27 | 5.28 | 67.09 | 5.08 | 65.47 | 12.17 | 47.52 | 6.24 | 37.44 | 1.15 | -16.06 | 7.19 | 38.27 | 100.97 | -12.83 | 89.89 | -9.36 | 10.11 | 0 | 0.16 | -15.53 | 9.83 | 5.81 |
| 2019 (6) | 0.96 | 4700.0 | 16.11 | 16.23 | 3.16 | 0 | 1.53 | -6.8 | 3.16 | 0 | 3.07 | 0 | 8.25 | 0 | 4.54 | 0 | 1.37 | 15.13 | 5.20 | 229.11 | 115.83 | 49.02 | 99.18 | -63.27 | 0.00 | 0 | 0.19 | 61.44 | 9.29 | -9.01 |
| 2018 (5) | 0.02 | 0.0 | 13.86 | 3.51 | -1.71 | 0 | 1.65 | 1.01 | -0.63 | 0 | -0.46 | 0 | -1.00 | 0 | -0.21 | 0 | 1.19 | 4.39 | 1.58 | 68.09 | 77.73 | -12.94 | 270.00 | 186.88 | -170.00 | 0 | 0.12 | 0 | 10.21 | 4.83 |
| 2017 (4) | 0.02 | -87.5 | 13.39 | 14.94 | -1.04 | 0 | 1.63 | 13.87 | -1.12 | 0 | -1.19 | 0 | -2.44 | 0 | -1.14 | 0 | 1.14 | -10.94 | 0.94 | 49.21 | 89.28 | 25.27 | 94.12 | -27.45 | 5.88 | 0 | 0.00 | 0 | 9.74 | 11.95 |
| 2016 (3) | 0.16 | -67.35 | 11.65 | 0.6 | -1.42 | 0 | 1.43 | -2.96 | -1.12 | 0 | -1.62 | 0 | -3.40 | 0 | -1.85 | 0 | 1.28 | 4.92 | 0.63 | -66.13 | 71.27 | 22.23 | 129.73 | -74.56 | -27.03 | 0 | 0.00 | 0 | 8.70 | 0.0 |
| 2015 (2) | 0.49 | 44.12 | 11.58 | 7.22 | -1.41 | 0 | 1.47 | 19.09 | -0.27 | 0 | -0.01 | 0 | -0.02 | 0 | 0.47 | -65.94 | 1.22 | -7.58 | 1.86 | -34.97 | 58.31 | -33.08 | 510.00 | 0 | -410.00 | 0 | 0.00 | 0 | 8.70 | 16.47 |
| 2014 (1) | 0.34 | 0 | 10.80 | 0 | -0.85 | 0 | 1.24 | -9.24 | 0.76 | 0 | 0.66 | 0 | 1.71 | 0 | 1.38 | 0 | 1.32 | -1.49 | 2.86 | 0 | 87.14 | -19.3 | -111.76 | 0 | 211.76 | 0 | 0.00 | 0 | 7.47 | -7.43 |
