- 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) | 0.54 | -19.4 | -23.94 | 67.95 | -1.34 | -1.12 | 14.92 | -12.24 | -17.25 | 16.99 | -9.58 | -8.51 | 13.42 | -5.29 | -10.95 | 2.08 | -18.43 | -35.4 | 1.63 | -18.09 | -35.57 | 0.12 | -14.29 | -29.41 | 18.90 | -10.81 | -11.81 | 19.72 | -45.81 | -36.77 | 86.36 | -6.99 | -13.64 | 13.64 | 27.27 | 213.64 | 21.91 | 17.48 | 17.73 |
| 24Q2 (19) | 0.67 | 52.27 | -45.08 | 68.87 | 0.6 | 0.72 | 17.00 | 48.08 | -24.58 | 18.79 | 46.45 | -20.98 | 14.17 | 39.61 | -24.22 | 2.55 | 52.69 | -54.3 | 1.99 | 47.41 | -56.17 | 0.14 | 7.69 | -41.67 | 21.19 | 30.32 | -15.71 | 36.39 | 58.91 | 42.99 | 92.86 | 6.12 | -2.5 | 10.71 | -14.29 | 125.0 | 18.65 | -19.85 | 27.83 |
| 24Q1 (18) | 0.44 | -62.07 | -63.64 | 68.46 | -0.23 | 5.11 | 11.48 | -46.93 | -47.22 | 12.83 | -43.31 | -43.0 | 10.15 | -43.77 | -43.8 | 1.67 | -66.8 | -65.42 | 1.35 | -65.12 | -66.33 | 0.13 | -38.1 | -40.91 | 16.26 | -34.96 | -33.25 | 22.90 | -26.74 | 13.76 | 87.50 | -7.77 | -9.93 | 12.50 | 143.75 | 337.5 | 23.27 | 48.69 | 53.5 |
| 23Q4 (17) | 1.16 | 63.38 | -25.16 | 68.62 | -0.15 | 8.9 | 21.63 | 19.97 | -1.46 | 22.63 | 21.86 | -1.82 | 18.05 | 19.77 | -2.27 | 5.03 | 56.21 | -22.73 | 3.87 | 52.96 | -27.26 | 0.21 | 23.53 | -27.59 | 25.00 | 16.66 | 1.54 | 31.26 | 0.22 | 50.14 | 94.87 | -5.13 | -0.72 | 5.13 | 17.95 | 15.38 | 15.65 | -15.91 | 28.38 |
| 23Q3 (16) | 0.71 | -41.8 | -47.79 | 68.72 | 0.5 | 16.12 | 18.03 | -20.01 | -12.9 | 18.57 | -21.91 | -12.94 | 15.07 | -19.41 | -11.56 | 3.22 | -42.29 | -46.95 | 2.53 | -44.27 | -45.71 | 0.17 | -29.17 | -37.04 | 21.43 | -14.76 | -5.09 | 31.19 | 22.55 | 30.23 | 100.00 | 5.0 | 5.26 | 4.35 | -8.7 | 73.91 | 18.61 | 27.55 | 53.17 |
| 23Q2 (15) | 1.22 | 0.83 | -6.87 | 68.38 | 4.99 | 59.21 | 22.54 | 3.63 | 19.2 | 23.78 | 5.64 | 25.03 | 18.70 | 3.54 | 24.09 | 5.58 | 15.53 | -7.31 | 4.54 | 13.22 | -1.52 | 0.24 | 9.09 | -20.0 | 25.14 | 3.2 | 23.84 | 25.45 | 26.43 | -32.01 | 95.24 | -1.96 | -4.76 | 4.76 | 66.67 | 0 | 14.59 | -3.76 | 30.62 |
| 23Q1 (14) | 1.21 | -21.94 | 92.06 | 65.13 | 3.36 | -4.22 | 21.75 | -0.91 | 23.51 | 22.51 | -2.34 | 28.41 | 18.06 | -2.22 | 31.25 | 4.83 | -25.81 | 73.12 | 4.01 | -24.62 | 79.02 | 0.22 | -24.14 | 37.5 | 24.36 | -1.06 | 17.17 | 20.13 | -3.31 | -18.3 | 97.14 | 1.66 | -2.86 | 2.86 | -35.71 | 0 | 15.16 | 24.36 | -21.98 |
| 22Q4 (13) | 1.55 | 13.97 | 58.16 | 63.01 | 6.47 | -8.36 | 21.95 | 6.04 | 10.64 | 23.05 | 8.06 | 12.93 | 18.47 | 8.39 | 13.94 | 6.51 | 7.25 | 45.31 | 5.32 | 14.16 | 47.37 | 0.29 | 7.41 | 31.82 | 24.62 | 9.03 | 6.44 | 20.82 | -13.07 | -17.45 | 95.56 | 0.58 | -0.77 | 4.44 | 77.78 | 20.0 | 12.19 | 0.33 | -21.71 |
| 22Q3 (12) | 1.36 | 3.82 | 312.12 | 59.18 | 37.79 | -12.12 | 20.70 | 9.47 | 507.04 | 21.33 | 12.15 | 66.38 | 17.04 | 13.07 | 42.71 | 6.07 | 0.83 | 289.1 | 4.66 | 1.08 | 288.33 | 0.27 | -10.0 | 170.0 | 22.58 | 11.23 | 27.28 | 23.95 | -36.01 | -1.68 | 95.00 | -5.0 | 280.0 | 2.50 | 0 | -96.67 | 12.15 | 8.77 | -61.14 |
| 22Q2 (11) | 1.31 | 107.94 | 133.93 | 42.95 | -36.84 | -37.24 | 18.91 | 7.38 | 29.79 | 19.02 | 8.5 | 22.08 | 15.07 | 9.52 | 19.32 | 6.02 | 115.77 | 139.84 | 4.61 | 105.8 | 145.21 | 0.30 | 87.5 | 100.0 | 20.30 | -2.36 | 4.69 | 37.43 | 51.91 | -0.95 | 100.00 | 0.0 | 7.14 | 0.00 | 0 | -100.0 | 11.17 | -42.51 | -43.81 |
| 22Q1 (10) | 0.63 | -35.71 | 40.0 | 68.00 | -1.11 | -0.8 | 17.61 | -11.24 | 15.02 | 17.53 | -14.11 | 25.93 | 13.76 | -15.11 | 28.48 | 2.79 | -37.72 | 43.08 | 2.24 | -37.95 | 46.41 | 0.16 | -27.27 | 14.29 | 20.79 | -10.12 | 22.15 | 24.64 | -2.3 | -21.08 | 100.00 | 3.85 | -7.14 | 0.00 | -100.0 | 100.0 | 19.43 | 24.79 | -7.96 |
| 21Q4 (9) | 0.98 | 196.97 | -30.99 | 68.76 | 2.11 | 1.33 | 19.84 | 481.82 | -16.04 | 20.41 | 59.2 | -14.82 | 16.21 | 35.76 | -14.55 | 4.48 | 187.18 | -29.78 | 3.61 | 200.83 | -27.94 | 0.22 | 120.0 | -15.38 | 23.13 | 30.38 | -10.69 | 25.22 | 3.53 | -6.07 | 96.30 | 285.19 | -1.23 | 3.70 | -95.06 | 48.15 | 15.57 | -50.21 | 14.57 |
| 21Q3 (8) | 0.33 | -41.07 | -71.05 | 67.34 | -1.59 | 9.42 | 3.41 | -76.6 | -83.68 | 12.82 | -17.72 | -36.57 | 11.94 | -5.46 | -26.16 | 1.56 | -37.85 | -71.43 | 1.20 | -36.17 | -71.15 | 0.10 | -33.33 | -61.54 | 17.74 | -8.51 | -22.63 | 24.36 | -35.54 | -14.1 | 25.00 | -73.21 | -75.76 | 75.00 | 1025.0 | 2500.0 | 31.27 | 57.29 | 136.0 |
| 21Q2 (7) | 0.56 | 24.44 | 51.35 | 68.43 | -0.18 | 0.21 | 14.57 | -4.83 | 123.81 | 15.58 | 11.93 | 1.04 | 12.63 | 17.93 | 1.69 | 2.51 | 28.72 | 45.09 | 1.88 | 22.88 | 40.3 | 0.15 | 7.14 | 36.36 | 19.39 | 13.92 | -8.58 | 37.79 | 21.04 | 5.41 | 93.33 | -13.33 | 133.33 | 6.67 | 186.67 | -88.89 | 19.88 | -5.83 | 0 |
| 21Q1 (6) | 0.45 | -68.31 | 125.0 | 68.55 | 1.02 | 0.29 | 15.31 | -35.21 | 119.97 | 13.92 | -41.9 | 75.98 | 10.71 | -43.54 | 69.19 | 1.95 | -69.44 | 119.1 | 1.53 | -69.46 | 112.5 | 0.14 | -46.15 | 27.27 | 17.02 | -34.29 | 17.46 | 31.22 | 16.28 | 20.26 | 107.69 | 10.45 | 7.69 | -7.69 | -407.69 | -138.46 | 21.11 | 55.33 | -21.32 |
| 20Q4 (5) | 1.42 | 24.56 | 39.22 | 67.86 | 10.27 | -2.36 | 23.63 | 13.12 | 13.12 | 23.96 | 18.56 | 15.3 | 18.97 | 17.32 | 16.02 | 6.38 | 16.85 | 33.19 | 5.01 | 20.43 | 33.24 | 0.26 | 0.0 | 13.04 | 25.90 | 12.95 | 8.32 | 26.85 | -5.32 | -9.23 | 97.50 | -5.45 | -2.5 | 2.50 | 180.0 | 0 | 13.59 | 2.57 | -12.77 |
| 20Q3 (4) | 1.14 | 208.11 | 0.0 | 61.54 | -9.88 | 0.0 | 20.89 | 220.89 | 0.0 | 20.21 | 31.06 | 0.0 | 16.17 | 30.19 | 0.0 | 5.46 | 215.61 | 0.0 | 4.16 | 210.45 | 0.0 | 0.26 | 136.36 | 0.0 | 22.93 | 8.11 | 0.0 | 28.36 | -20.89 | 0.0 | 103.12 | 157.81 | 0.0 | -3.12 | -105.21 | 0.0 | 13.25 | 0 | 0.0 |
| 20Q2 (3) | 0.37 | 85.0 | 0.0 | 68.29 | -0.09 | 0.0 | 6.51 | -6.47 | 0.0 | 15.42 | 94.94 | 0.0 | 12.42 | 96.21 | 0.0 | 1.73 | 94.38 | 0.0 | 1.34 | 86.11 | 0.0 | 0.11 | 0.0 | 0.0 | 21.21 | 46.38 | 0.0 | 35.85 | 38.1 | 0.0 | 40.00 | -60.0 | 0.0 | 60.00 | 200.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.20 | -80.39 | 0.0 | 68.35 | -1.65 | 0.0 | 6.96 | -66.68 | 0.0 | 7.91 | -61.93 | 0.0 | 6.33 | -61.28 | 0.0 | 0.89 | -81.42 | 0.0 | 0.72 | -80.85 | 0.0 | 0.11 | -52.17 | 0.0 | 14.49 | -39.4 | 0.0 | 25.96 | -12.24 | 0.0 | 100.00 | 0.0 | 0.0 | 20.00 | 0 | 0.0 | 26.83 | 72.21 | 0.0 |
| 19Q4 (1) | 1.02 | 0.0 | 0.0 | 69.50 | 0.0 | 0.0 | 20.89 | 0.0 | 0.0 | 20.78 | 0.0 | 0.0 | 16.35 | 0.0 | 0.0 | 4.79 | 0.0 | 0.0 | 3.76 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 23.91 | 0.0 | 0.0 | 29.58 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 15.58 | 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) | 4.14 | -13.93 | 67.71 | 19.23 | 21.19 | 5.58 | 1.75 | 8.74 | 22.11 | 7.43 | 17.64 | 7.69 | 18.50 | -12.36 | 14.71 | -14.58 | 0.83 | -20.95 | 24.17 | 8.78 | 31.26 | 50.14 | 95.68 | -1.52 | 4.32 | 102.88 | 0.12 | -58.34 | 15.83 | 22.24 |
| 2022 (9) | 4.81 | 107.33 | 56.79 | -16.97 | 20.07 | 35.7 | 1.61 | -52.13 | 20.58 | 25.49 | 16.38 | 23.25 | 21.11 | 105.35 | 17.22 | 109.49 | 1.05 | 72.13 | 22.22 | 11.66 | 20.82 | -17.45 | 97.16 | 7.39 | 2.13 | -77.66 | 0.29 | 0 | 12.95 | -36.83 |
| 2021 (8) | 2.32 | -25.64 | 68.40 | 3.92 | 14.79 | -16.53 | 3.36 | 2.34 | 16.40 | -13.87 | 13.29 | -12.39 | 10.28 | -26.41 | 8.22 | -25.07 | 0.61 | -15.28 | 19.90 | -11.71 | 25.22 | -6.07 | 90.48 | -2.82 | 9.52 | 38.1 | 0.00 | 0 | 20.50 | 18.02 |
| 2020 (7) | 3.12 | -3.7 | 65.82 | -4.48 | 17.72 | -3.01 | 3.28 | -11.93 | 19.04 | 0.74 | 15.17 | 1.81 | 13.97 | -7.85 | 10.97 | -6.64 | 0.72 | -7.69 | 22.54 | -1.01 | 26.85 | -9.23 | 93.10 | -3.72 | 6.90 | 109.2 | 0.00 | 0 | 17.37 | 3.58 |
| 2019 (6) | 3.24 | -6.36 | 68.91 | 0.6 | 18.27 | -0.49 | 3.73 | 2.69 | 18.90 | -2.73 | 14.90 | -3.75 | 15.16 | -9.87 | 11.75 | -8.56 | 0.78 | -4.88 | 22.77 | -1.81 | 29.58 | -3.36 | 96.70 | 2.02 | 3.30 | -36.7 | 0.00 | 0 | 16.77 | 2.32 |
| 2018 (5) | 3.46 | -42.52 | 68.50 | 0.48 | 18.36 | 7.43 | 3.63 | 0.0 | 19.43 | -29.35 | 15.48 | -42.6 | 16.82 | -50.54 | 12.85 | -45.13 | 0.82 | -4.65 | 23.19 | -26.73 | 30.61 | -9.28 | 94.79 | 51.67 | 5.21 | -86.38 | 0.00 | 0 | 16.39 | -4.93 |
| 2017 (4) | 6.02 | 117.33 | 68.17 | 1.19 | 17.09 | 15.63 | 3.63 | -9.07 | 27.50 | 94.76 | 26.97 | 97.58 | 34.01 | 71.68 | 23.42 | 100.51 | 0.86 | 3.61 | 31.65 | 69.89 | 33.74 | -46.26 | 62.50 | -40.3 | 38.24 | 0 | 0.00 | 0 | 17.24 | -1.88 |
| 2016 (3) | 2.77 | 4.92 | 67.37 | 0.04 | 14.78 | 27.19 | 3.99 | 65.45 | 14.12 | 21.72 | 13.65 | 17.67 | 19.81 | -4.85 | 11.68 | -5.96 | 0.83 | -22.43 | 18.63 | 30.74 | 62.78 | -28.59 | 104.69 | 4.69 | -4.69 | 0 | 0.00 | 0 | 17.57 | 11.63 |
| 2015 (2) | 2.64 | 0 | 67.34 | 28.61 | 11.62 | 288.63 | 2.41 | 517.54 | 11.60 | 0 | 11.60 | 0 | 20.82 | 0 | 12.42 | 0 | 1.07 | -8.55 | 14.25 | 0 | 87.92 | 106.29 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 15.74 | 11.79 |
| 2014 (1) | -1.98 | 0 | 52.36 | 0 | 2.99 | 0 | 0.39 | -7.42 | -12.78 | 0 | -10.23 | 0 | -20.81 | 0 | -11.72 | 0 | 1.17 | -36.07 | -11.72 | 0 | 42.62 | -88.17 | -24.24 | 0 | 121.21 | 436.8 | 0.00 | 0 | 14.08 | -29.53 |
