- 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) | 0.43 | 4.88 | 13.16 | 44.63 | 1.16 | -1.33 | 25.43 | 19.05 | 25.52 | 24.86 | -0.4 | 1.47 | 19.89 | -0.45 | 1.48 | 3.21 | 6.64 | 10.69 | 2.71 | 7.11 | 10.61 | 0.14 | 7.69 | 16.67 | 28.77 | -0.76 | -1.57 | 12.70 | -50.58 | 2.5 | 100.00 | 13.33 | 23.08 | 0.00 | -100.0 | -100.0 | 25.94 | -3.53 | -0.04 |
| 24Q2 (19) | 0.41 | 24.24 | -6.82 | 44.12 | 4.43 | 2.11 | 21.36 | 28.83 | -9.3 | 24.96 | 17.13 | -10.02 | 19.98 | 17.32 | -9.96 | 3.01 | 25.42 | -8.23 | 2.53 | 18.22 | -9.32 | 0.13 | 0.0 | 0.0 | 28.99 | 10.86 | -7.5 | 25.70 | 103.32 | 3.46 | 88.24 | 12.3 | 4.78 | 11.76 | -45.1 | -25.49 | 26.89 | -0.52 | 5.7 |
| 24Q1 (18) | 0.33 | 17.86 | 120.0 | 42.25 | -2.63 | 8.19 | 16.58 | -18.45 | 45.82 | 21.31 | 14.26 | 89.42 | 17.03 | 14.07 | 89.22 | 2.40 | 13.74 | 124.3 | 2.14 | 13.83 | 125.26 | 0.13 | 0.0 | 30.0 | 26.15 | 11.56 | 62.73 | 12.64 | 0.56 | 13.87 | 78.57 | -27.47 | -21.43 | 21.43 | 357.14 | 0 | 27.03 | 1.31 | 7.73 |
| 23Q4 (17) | 0.28 | -26.32 | -36.36 | 43.39 | -4.07 | -11.47 | 20.33 | 0.35 | -23.11 | 18.65 | -23.88 | -28.98 | 14.93 | -23.83 | -28.9 | 2.11 | -27.24 | -34.27 | 1.88 | -23.27 | -33.33 | 0.13 | 8.33 | 0.0 | 23.44 | -19.81 | -21.87 | 12.57 | 1.45 | -20.29 | 108.33 | 33.33 | 2.63 | -8.33 | -144.44 | 0 | 26.68 | 2.81 | 4.83 |
| 23Q3 (16) | 0.38 | -13.64 | -7.32 | 45.23 | 4.67 | 1.57 | 20.26 | -13.97 | -0.59 | 24.50 | -11.68 | -5.62 | 19.60 | -11.67 | -5.63 | 2.90 | -11.59 | -7.05 | 2.45 | -12.19 | -7.2 | 0.12 | -7.69 | -7.69 | 29.23 | -6.73 | -2.08 | 12.39 | -50.12 | -4.25 | 81.25 | -3.52 | -1.34 | 18.75 | 18.75 | -20.31 | 25.95 | 2.0 | -4.0 |
| 23Q2 (15) | 0.44 | 193.33 | 2.33 | 43.21 | 10.65 | 0.26 | 23.55 | 107.12 | 2.7 | 27.74 | 146.58 | 8.74 | 22.19 | 146.56 | 8.72 | 3.28 | 206.54 | 2.5 | 2.79 | 193.68 | 3.33 | 0.13 | 30.0 | 0.0 | 31.34 | 95.02 | 9.7 | 24.84 | 123.78 | 1.14 | 84.21 | -15.79 | -5.26 | 15.79 | 0 | 42.11 | 25.44 | 1.39 | -1.36 |
| 23Q1 (14) | 0.15 | -65.91 | -53.12 | 39.05 | -20.32 | -6.78 | 11.37 | -57.0 | -38.87 | 11.25 | -57.16 | -44.09 | 9.00 | -57.14 | -44.31 | 1.07 | -66.67 | -55.04 | 0.95 | -66.31 | -54.55 | 0.10 | -23.08 | -23.08 | 16.07 | -46.43 | -32.71 | 11.10 | -29.61 | -15.91 | 100.00 | -5.26 | 8.33 | 0.00 | 0 | -100.0 | 25.09 | -1.41 | -2.07 |
| 22Q4 (13) | 0.44 | 7.32 | 57.14 | 49.01 | 10.06 | 20.6 | 26.44 | 29.74 | 49.89 | 26.26 | 1.16 | 52.85 | 21.00 | 1.11 | 53.73 | 3.21 | 2.88 | 50.7 | 2.82 | 6.82 | 50.0 | 0.13 | 0.0 | -7.14 | 30.00 | 0.5 | 47.86 | 15.77 | 21.87 | 9.13 | 105.56 | 28.17 | 5.56 | 0.00 | -100.0 | 0 | 25.45 | -5.85 | 1.11 |
| 22Q3 (12) | 0.41 | -4.65 | 32.26 | 44.53 | 3.32 | 12.31 | 20.38 | -11.12 | 13.92 | 25.96 | 1.76 | 41.01 | 20.77 | 1.76 | 41.0 | 3.12 | -2.5 | 34.48 | 2.64 | -2.22 | 26.92 | 0.13 | 0.0 | -7.14 | 29.85 | 4.48 | 41.27 | 12.94 | -47.31 | 1.97 | 82.35 | -7.35 | -17.65 | 23.53 | 111.76 | 0 | 27.03 | 4.81 | 5.46 |
| 22Q2 (11) | 0.43 | 34.37 | 38.71 | 43.10 | 2.89 | 9.86 | 22.93 | 23.28 | 18.99 | 25.51 | 26.79 | 36.56 | 20.41 | 26.3 | 36.61 | 3.20 | 34.45 | 41.59 | 2.70 | 29.19 | 34.33 | 0.13 | 0.0 | 0.0 | 28.57 | 19.64 | 31.42 | 24.56 | 86.06 | 121.86 | 88.89 | -3.7 | -11.11 | 11.11 | 44.44 | 0 | 25.79 | 0.66 | 3.45 |
| 22Q1 (10) | 0.32 | 14.29 | 68.42 | 41.89 | 3.08 | 17.4 | 18.60 | 5.44 | 45.77 | 20.12 | 17.11 | 55.73 | 16.16 | 18.3 | 55.24 | 2.38 | 11.74 | 66.43 | 2.09 | 11.17 | 64.57 | 0.13 | -7.14 | 8.33 | 23.88 | 17.69 | 48.05 | 13.20 | -8.65 | -3.65 | 92.31 | -7.69 | -7.69 | 7.69 | 0 | 0 | 25.62 | 1.79 | -0.5 |
| 21Q4 (9) | 0.28 | -9.68 | 33.33 | 40.64 | 2.5 | 5.83 | 17.64 | -1.4 | 19.51 | 17.18 | -6.68 | 21.84 | 13.66 | -7.26 | 20.56 | 2.13 | -8.19 | 33.12 | 1.88 | -9.62 | 30.56 | 0.14 | 0.0 | 7.69 | 20.29 | -3.98 | 16.21 | 14.45 | 13.87 | 13.69 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 25.17 | -1.79 | -2.02 |
| 21Q3 (8) | 0.31 | 0.0 | 93.75 | 39.65 | 1.07 | 9.5 | 17.89 | -7.16 | 48.34 | 18.41 | -1.45 | 55.49 | 14.73 | -1.41 | 55.38 | 2.32 | 2.65 | 91.74 | 2.08 | 3.48 | 100.0 | 0.14 | 7.69 | 27.27 | 21.13 | -2.81 | 31.49 | 12.69 | 14.63 | 9.68 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 25.63 | 2.81 | -4.65 |
| 21Q2 (7) | 0.31 | 63.16 | 24.0 | 39.23 | 9.95 | 9.61 | 19.27 | 51.02 | 39.64 | 18.68 | 44.58 | 24.04 | 14.94 | 43.52 | 20.39 | 2.26 | 58.04 | 22.16 | 2.01 | 58.27 | 24.84 | 0.13 | 8.33 | 0.0 | 21.74 | 34.78 | 21.38 | 11.07 | -19.2 | -47.39 | 100.00 | 0.0 | 11.11 | 0.00 | 0 | -100.0 | 24.93 | -3.18 | 0 |
| 21Q1 (6) | 0.19 | -9.52 | 26.67 | 35.68 | -7.08 | 4.57 | 12.76 | -13.55 | 6.24 | 12.92 | -8.37 | 19.85 | 10.41 | -8.12 | 30.12 | 1.43 | -10.63 | 26.55 | 1.27 | -11.81 | 23.3 | 0.12 | -7.69 | -7.69 | 16.13 | -7.62 | 14.72 | 13.70 | 7.79 | 32.62 | 100.00 | 0.0 | -12.5 | 0.00 | 0 | 100.0 | 25.75 | 0.23 | 2.55 |
| 20Q4 (5) | 0.21 | 31.25 | 0.0 | 38.40 | 6.05 | 6.25 | 14.76 | 22.39 | -4.9 | 14.10 | 19.09 | 9.64 | 11.33 | 19.51 | 11.3 | 1.60 | 32.23 | 0.63 | 1.44 | 38.46 | 0.7 | 0.13 | 18.18 | -7.14 | 17.46 | 8.65 | 11.14 | 12.71 | 9.85 | 27.61 | 100.00 | 0.0 | -18.18 | 0.00 | 0 | 100.0 | 25.69 | -4.43 | 11.12 |
| 20Q3 (4) | 0.16 | -36.0 | 0.0 | 36.21 | 1.17 | 0.0 | 12.06 | -12.61 | 0.0 | 11.84 | -21.38 | 0.0 | 9.48 | -23.61 | 0.0 | 1.21 | -34.59 | 0.0 | 1.04 | -35.4 | 0.0 | 0.11 | -15.38 | 0.0 | 16.07 | -10.27 | 0.0 | 11.57 | -45.01 | 0.0 | 100.00 | 11.11 | 0.0 | 0.00 | -100.0 | 0.0 | 26.88 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | 66.67 | 0.0 | 35.79 | 4.89 | 0.0 | 13.80 | 14.9 | 0.0 | 15.06 | 39.7 | 0.0 | 12.41 | 55.12 | 0.0 | 1.85 | 63.72 | 0.0 | 1.61 | 56.31 | 0.0 | 0.13 | 0.0 | 0.0 | 17.91 | 27.38 | 0.0 | 21.04 | 103.68 | 0.0 | 90.00 | -21.25 | 0.0 | 10.00 | 170.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.15 | -28.57 | 0.0 | 34.12 | -5.59 | 0.0 | 12.01 | -22.62 | 0.0 | 10.78 | -16.17 | 0.0 | 8.00 | -21.41 | 0.0 | 1.13 | -28.93 | 0.0 | 1.03 | -27.97 | 0.0 | 0.13 | -7.14 | 0.0 | 14.06 | -10.5 | 0.0 | 10.33 | 3.71 | 0.0 | 114.29 | -6.49 | 0.0 | -14.29 | 35.71 | 0.0 | 25.11 | 8.61 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 36.14 | 0.0 | 0.0 | 15.52 | 0.0 | 0.0 | 12.86 | 0.0 | 0.0 | 10.18 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 1.43 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 15.71 | 0.0 | 0.0 | 9.96 | 0.0 | 0.0 | 122.22 | 0.0 | 0.0 | -22.22 | 0.0 | 0.0 | 23.12 | 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) | 1.25 | -21.38 | 42.86 | -4.05 | 19.19 | -13.36 | 3.57 | 22.32 | 20.96 | -14.45 | 16.76 | -14.53 | 9.14 | -22.21 | 8.02 | -21.6 | 0.48 | -7.69 | 25.00 | -9.88 | 12.57 | -20.29 | 90.57 | -0.53 | 7.55 | -15.72 | 0.19 | -47.57 | 25.81 | -0.58 |
| 2022 (9) | 1.59 | 45.87 | 44.67 | 14.83 | 22.15 | 30.22 | 2.92 | -1.09 | 24.50 | 44.8 | 19.61 | 44.94 | 11.75 | 43.29 | 10.23 | 41.49 | 0.52 | -1.89 | 27.74 | 39.19 | 15.77 | 9.13 | 91.04 | -8.96 | 8.96 | 0 | 0.37 | 0 | 25.96 | 2.37 |
| 2021 (8) | 1.09 | 43.42 | 38.90 | 7.73 | 17.01 | 28.96 | 2.95 | -8.12 | 16.92 | 30.15 | 13.53 | 30.72 | 8.20 | 43.11 | 7.23 | 39.85 | 0.53 | 6.0 | 19.93 | 24.1 | 14.45 | 13.69 | 100.00 | -3.03 | 0.00 | 0 | 0.00 | 0 | 25.36 | -1.4 |
| 2020 (7) | 0.76 | 1.33 | 36.11 | 5.09 | 13.19 | 16.42 | 3.21 | 15.2 | 13.00 | 4.42 | 10.35 | 2.78 | 5.73 | 3.99 | 5.17 | 4.44 | 0.50 | 2.04 | 16.06 | 3.35 | 12.71 | 27.61 | 103.12 | 14.17 | 0.00 | 0 | 0.00 | 0 | 25.72 | 0.31 |
| 2019 (6) | 0.75 | 8.7 | 34.36 | 10.62 | 11.33 | 23.02 | 2.79 | 689.24 | 12.45 | 23.15 | 10.07 | 22.66 | 5.51 | 4.16 | 4.95 | 8.32 | 0.49 | -12.5 | 15.54 | 46.6 | 9.96 | -26.0 | 90.32 | 0.74 | 9.68 | -6.45 | 0.00 | 0 | 25.64 | 3.6 |
| 2018 (5) | 0.69 | -24.18 | 31.06 | 6.12 | 9.21 | -11.78 | 0.35 | 25.8 | 10.11 | 10.86 | 8.21 | 7.04 | 5.29 | -19.24 | 4.57 | -17.06 | 0.56 | -22.22 | 10.60 | 10.99 | 13.46 | -25.68 | 89.66 | -22.46 | 10.34 | 0 | 0.00 | 0 | 24.75 | 17.8 |
| 2017 (4) | 0.91 | -14.95 | 29.27 | 9.5 | 10.44 | 12.02 | 0.28 | -45.37 | 9.12 | -9.25 | 7.67 | -7.48 | 6.55 | -14.94 | 5.51 | -15.75 | 0.72 | -8.86 | 9.55 | -9.39 | 18.11 | -7.55 | 115.62 | 25.26 | -15.62 | 0 | 0.00 | 0 | 21.01 | 3.55 |
| 2016 (3) | 1.07 | -11.57 | 26.73 | -3.29 | 9.32 | -12.08 | 0.51 | -51.93 | 10.05 | -15.12 | 8.29 | -14.71 | 7.70 | -15.57 | 6.54 | -15.72 | 0.79 | -1.25 | 10.54 | -19.54 | 19.59 | 22.44 | 92.31 | 1.54 | 7.69 | -32.31 | 0.00 | 0 | 20.29 | 0.69 |
| 2015 (2) | 1.21 | -33.52 | 27.64 | 3.6 | 10.60 | -15.0 | 1.07 | -11.44 | 11.84 | -17.55 | 9.72 | -26.25 | 9.12 | -40.93 | 7.76 | -39.09 | 0.80 | -17.53 | 13.10 | -17.82 | 16.00 | -17.23 | 90.91 | 3.15 | 11.36 | -16.19 | 0.00 | 0 | 20.15 | 18.18 |
| 2014 (1) | 1.82 | 56.9 | 26.68 | 0 | 12.47 | 0 | 1.21 | -35.65 | 14.36 | 0 | 13.18 | 0 | 15.44 | 0 | 12.74 | 0 | 0.97 | -2.02 | 15.94 | 26.51 | 19.33 | -16.82 | 88.14 | -6.97 | 13.56 | 157.63 | 0.00 | 0 | 17.05 | -15.97 |
