- 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) | 1.17 | -28.66 | -33.9 | 57.90 | 8.67 | 0.52 | 13.90 | 49.95 | -23.5 | 14.95 | -7.89 | -24.57 | 11.18 | -19.34 | -26.83 | 1.98 | -26.39 | -37.74 | 0.25 | -24.24 | -35.9 | 0.02 | 0.0 | -33.33 | 19.19 | -10.33 | -23.33 | 702.84 | -1.75 | 4.74 | 93.01 | 62.9 | 1.47 | 6.99 | -83.71 | -16.18 | 11.42 | -1.81 | -0.78 |
| 24Q2 (19) | 1.64 | 67.35 | 4.46 | 53.28 | -8.61 | -8.45 | 9.27 | -41.11 | -49.51 | 16.23 | -0.55 | -15.91 | 13.86 | 19.59 | 1.54 | 2.69 | 17.98 | -7.56 | 0.33 | 13.79 | -2.94 | 0.02 | 0.0 | -33.33 | 21.40 | 0.19 | -12.8 | 715.39 | -0.92 | -5.32 | 57.10 | -40.76 | -39.98 | 42.90 | 1085.43 | 781.82 | 11.63 | 1.31 | -10.95 |
| 24Q1 (18) | 0.98 | -38.36 | -39.88 | 58.30 | 1.75 | -3.06 | 15.74 | -7.08 | -20.06 | 16.32 | -9.03 | -19.57 | 11.59 | -10.02 | -24.89 | 2.28 | -8.8 | -26.92 | 0.29 | -9.38 | -25.64 | 0.02 | 0.0 | -33.33 | 21.36 | -7.73 | -16.73 | 722.02 | 6.11 | -2.42 | 96.38 | 2.09 | -0.64 | 3.62 | -35.32 | 20.52 | 11.48 | -3.53 | -3.53 |
| 23Q4 (17) | 1.59 | -10.17 | -11.67 | 57.30 | -0.52 | -6.68 | 16.94 | -6.77 | -7.63 | 17.94 | -9.49 | -17.89 | 12.88 | -15.71 | -22.74 | 2.50 | -21.38 | -21.88 | 0.32 | -17.95 | -23.81 | 0.02 | -33.33 | -33.33 | 23.15 | -7.51 | -15.85 | 680.45 | 1.4 | 0.61 | 94.40 | 2.99 | 12.43 | 5.60 | -32.89 | -65.09 | 11.90 | 3.39 | 3.21 |
| 23Q3 (16) | 1.77 | 12.74 | 0.0 | 57.60 | -1.03 | -8.7 | 18.17 | -1.03 | -11.97 | 19.82 | 2.69 | -14.42 | 15.28 | 11.94 | -13.48 | 3.18 | 9.28 | -12.15 | 0.39 | 14.71 | -13.33 | 0.03 | 0.0 | 0.0 | 25.03 | 2.0 | -14.69 | 671.06 | -11.19 | 3.56 | 91.66 | -3.65 | 2.85 | 8.34 | 71.4 | -23.33 | 11.51 | -11.87 | 10.35 |
| 23Q2 (15) | 1.57 | -3.68 | -11.8 | 58.20 | -3.23 | -10.19 | 18.36 | -6.75 | -17.56 | 19.30 | -4.88 | -22.86 | 13.65 | -11.54 | -26.85 | 2.91 | -6.73 | -24.81 | 0.34 | -12.82 | -27.66 | 0.03 | 0.0 | 50.0 | 24.54 | -4.33 | -22.51 | 755.62 | 2.12 | -1.17 | 95.13 | -1.92 | 6.86 | 4.87 | 62.01 | -55.66 | 13.06 | 9.75 | -13.51 |
| 23Q1 (14) | 1.63 | -9.44 | -3.55 | 60.14 | -2.05 | -11.4 | 19.69 | 7.36 | -12.84 | 20.29 | -7.14 | -16.5 | 15.43 | -7.44 | -17.4 | 3.12 | -2.5 | -15.68 | 0.39 | -7.14 | -17.02 | 0.03 | 0.0 | 50.0 | 25.65 | -6.76 | -17.81 | 739.92 | 9.4 | 6.15 | 97.00 | 15.51 | 4.37 | 3.00 | -81.27 | -57.0 | 11.90 | 3.21 | -6.45 |
| 22Q4 (13) | 1.80 | 1.69 | 2.27 | 61.40 | -2.68 | -7.81 | 18.34 | -11.14 | -23.96 | 21.85 | -5.66 | -18.59 | 16.67 | -5.61 | -20.24 | 3.20 | -11.6 | -25.23 | 0.42 | -6.67 | -23.64 | 0.03 | 0.0 | 0.0 | 27.51 | -6.24 | -17.93 | 676.35 | 4.38 | -2.07 | 83.97 | -5.78 | -6.59 | 16.03 | 47.38 | 58.67 | 11.53 | 10.55 | -16.75 |
| 22Q3 (12) | 1.77 | -0.56 | 20.41 | 63.09 | -2.64 | -2.98 | 20.64 | -7.32 | -15.27 | 23.16 | -7.43 | -11.47 | 17.66 | -5.36 | -5.21 | 3.62 | -6.46 | 6.47 | 0.45 | -4.26 | -2.17 | 0.03 | 50.0 | 50.0 | 29.34 | -7.36 | -12.83 | 647.98 | -15.25 | -4.73 | 89.12 | 0.11 | -4.3 | 10.88 | -0.88 | 58.3 | 10.43 | -30.93 | -24.58 |
| 22Q2 (11) | 1.78 | 5.33 | 31.85 | 64.80 | -4.54 | -0.93 | 22.27 | -1.42 | 8.9 | 25.02 | 2.96 | 13.26 | 18.66 | -0.11 | 9.38 | 3.87 | 4.59 | 32.99 | 0.47 | 0.0 | 11.9 | 0.02 | 0.0 | 0.0 | 31.67 | 1.47 | 5.39 | 764.56 | 9.69 | 26.18 | 89.03 | -4.21 | -3.89 | 10.97 | 57.11 | 48.85 | 15.10 | 18.71 | 27.75 |
| 22Q1 (10) | 1.69 | -3.98 | 11.18 | 67.88 | 1.92 | -1.34 | 22.59 | -6.34 | -17.55 | 24.30 | -9.46 | -15.3 | 18.68 | -10.62 | -14.78 | 3.70 | -13.55 | -1.33 | 0.47 | -14.55 | -14.55 | 0.02 | -33.33 | -33.33 | 31.21 | -6.89 | -14.8 | 697.05 | 0.93 | 18.76 | 92.94 | 3.38 | -2.7 | 6.98 | -30.87 | 55.76 | 12.72 | -8.16 | -3.27 |
| 21Q4 (9) | 1.76 | 19.73 | 26.62 | 66.60 | 2.41 | 3.43 | 24.12 | -0.99 | 3.08 | 26.84 | 2.6 | 1.78 | 20.90 | 12.18 | 3.88 | 4.28 | 25.88 | 24.78 | 0.55 | 19.57 | 7.84 | 0.03 | 50.0 | 0.0 | 33.52 | -0.42 | -2.22 | 690.62 | 1.54 | 20.75 | 89.90 | -3.47 | 1.26 | 10.10 | 47.05 | -9.94 | 13.85 | 0.14 | 13.99 |
| 21Q3 (8) | 1.47 | 8.89 | 13.08 | 65.03 | -0.58 | -0.06 | 24.36 | 19.12 | 7.84 | 26.16 | 18.42 | 3.77 | 18.63 | 9.2 | -4.95 | 3.40 | 16.84 | 3.34 | 0.46 | 9.52 | -8.0 | 0.02 | 0.0 | -33.33 | 33.66 | 12.01 | 2.12 | 680.15 | 12.25 | 21.21 | 93.13 | 0.54 | 3.98 | 6.87 | -6.8 | -34.14 | 13.83 | 17.01 | 2.22 |
| 21Q2 (7) | 1.35 | -11.18 | 18.42 | 65.41 | -4.93 | 0.69 | 20.45 | -25.36 | 9.83 | 22.09 | -23.0 | -5.32 | 17.06 | -22.17 | -3.56 | 2.91 | -22.4 | 6.59 | 0.42 | -23.64 | -4.55 | 0.02 | -33.33 | 0.0 | 30.05 | -17.96 | -4.63 | 605.91 | 3.23 | 10.0 | 92.63 | -3.02 | 16.0 | 7.37 | 64.4 | -63.41 | 11.82 | -10.11 | -10.86 |
| 21Q1 (6) | 1.52 | 9.35 | 27.73 | 68.80 | 6.85 | 3.76 | 27.40 | 17.09 | 21.62 | 28.69 | 8.8 | 19.69 | 21.92 | 8.95 | 18.1 | 3.75 | 9.33 | 30.66 | 0.55 | 7.84 | 14.58 | 0.03 | 0.0 | 0.0 | 36.63 | 6.86 | 13.06 | 586.93 | 2.62 | 17.31 | 95.52 | 7.58 | 1.61 | 4.48 | -60.03 | -25.21 | 13.15 | 8.23 | 0.54 |
| 20Q4 (5) | 1.39 | 6.92 | 0.72 | 64.39 | -1.05 | -5.24 | 23.40 | 3.59 | 13.37 | 26.37 | 4.6 | 12.64 | 20.12 | 2.65 | 11.96 | 3.43 | 4.26 | 5.54 | 0.51 | 2.0 | 18.6 | 0.03 | 0.0 | 50.0 | 34.28 | 4.0 | 19.03 | 571.93 | 1.92 | 13.58 | 88.78 | -0.88 | 0.78 | 11.22 | 7.53 | -4.65 | 12.15 | -10.2 | 0 |
| 20Q3 (4) | 1.30 | 14.04 | 0.0 | 65.07 | 0.17 | 0.0 | 22.59 | 21.32 | 0.0 | 25.21 | 8.06 | 0.0 | 19.60 | 10.8 | 0.0 | 3.29 | 20.51 | 0.0 | 0.50 | 13.64 | 0.0 | 0.03 | 50.0 | 0.0 | 32.96 | 4.6 | 0.0 | 561.15 | 1.87 | 0.0 | 89.57 | 12.17 | 0.0 | 10.43 | -48.22 | 0.0 | 13.53 | 2.04 | 0.0 |
| 20Q2 (3) | 1.14 | -4.2 | 0.0 | 64.96 | -2.04 | 0.0 | 18.62 | -17.35 | 0.0 | 23.33 | -2.67 | 0.0 | 17.69 | -4.69 | 0.0 | 2.73 | -4.88 | 0.0 | 0.44 | -8.33 | 0.0 | 0.02 | -33.33 | 0.0 | 31.51 | -2.75 | 0.0 | 550.83 | 10.09 | 0.0 | 79.85 | -15.06 | 0.0 | 20.15 | 236.07 | 0.0 | 13.26 | 1.38 | 0.0 |
| 20Q1 (2) | 1.19 | -13.77 | 0.0 | 66.31 | -2.41 | 0.0 | 22.53 | 9.16 | 0.0 | 23.97 | 2.39 | 0.0 | 18.56 | 3.28 | 0.0 | 2.87 | -11.69 | 0.0 | 0.48 | 11.63 | 0.0 | 0.03 | 50.0 | 0.0 | 32.40 | 12.5 | 0.0 | 500.34 | -0.63 | 0.0 | 94.00 | 6.7 | 0.0 | 6.00 | -49.04 | 0.0 | 13.08 | 0 | 0.0 |
| 19Q4 (1) | 1.38 | 0.0 | 0.0 | 67.95 | 0.0 | 0.0 | 20.64 | 0.0 | 0.0 | 23.41 | 0.0 | 0.0 | 17.97 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 28.80 | 0.0 | 0.0 | 503.53 | 0.0 | 0.0 | 88.10 | 0.0 | 0.0 | 11.76 | 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) | 6.41 | -8.95 | 58.24 | -9.18 | 18.23 | -12.57 | 5.18 | -17.72 | 19.30 | -17.91 | 14.28 | -20.04 | 11.23 | -19.44 | 1.44 | -19.1 | 0.10 | 0.0 | 24.55 | -17.67 | 680.45 | 0.61 | 94.49 | 6.56 | 5.51 | -51.25 | 0.14 | 0 | 12.08 | -2.34 |
| 2022 (9) | 7.04 | 15.41 | 64.13 | -3.46 | 20.85 | -13.38 | 6.30 | -15.48 | 23.51 | -9.47 | 17.86 | -9.16 | 13.94 | -2.92 | 1.78 | -9.18 | 0.10 | 0.0 | 29.82 | -10.85 | 676.35 | -2.07 | 88.67 | -4.31 | 11.31 | 54.27 | 0.00 | 0 | 12.37 | -6.36 |
| 2021 (8) | 6.10 | 21.51 | 66.43 | 3.28 | 24.07 | 10.11 | 7.45 | -7.16 | 25.97 | 4.8 | 19.66 | 3.26 | 14.36 | 18.38 | 1.96 | 3.7 | 0.10 | 0.0 | 33.45 | 1.86 | 690.62 | 20.75 | 92.67 | 5.1 | 7.33 | -37.87 | 0.00 | 0 | 13.21 | 1.69 |
| 2020 (7) | 5.02 | -13.6 | 64.32 | 1.95 | 21.86 | -0.27 | 8.03 | 6.81 | 24.78 | 11.02 | 19.04 | 9.93 | 12.13 | -12.61 | 1.89 | 2.72 | 0.10 | -9.09 | 32.84 | 9.91 | 571.93 | 12.36 | 88.17 | -10.25 | 11.80 | 569.21 | 0.00 | 0 | 12.99 | 2.69 |
| 2019 (6) | 5.81 | 23.62 | 63.09 | -2.62 | 21.92 | -3.99 | 7.51 | 37.19 | 22.32 | 3.19 | 17.32 | 4.46 | 13.88 | -15.47 | 1.84 | 15.72 | 0.11 | 10.0 | 29.88 | 10.22 | 509.00 | -45.34 | 98.24 | -6.89 | 1.76 | 0 | 0.00 | 0 | 12.65 | 3.18 |
| 2018 (5) | 4.70 | 19.29 | 64.79 | 9.98 | 22.83 | 33.43 | 5.48 | -32.47 | 21.63 | 10.7 | 16.58 | 6.83 | 16.42 | 5.46 | 1.59 | 6.0 | 0.10 | 0.0 | 27.11 | -1.92 | 931.13 | -0.95 | 105.50 | 20.48 | -5.50 | 0 | 0.00 | 0 | 12.26 | 2.42 |
| 2017 (4) | 3.94 | 15.88 | 58.91 | 30.36 | 17.11 | 36.44 | 8.11 | -23.1 | 19.54 | 42.63 | 15.52 | 41.74 | 15.57 | 2.77 | 1.50 | 2.74 | 0.10 | -23.08 | 27.64 | 13.93 | 940.05 | 0.66 | 87.57 | -4.32 | 12.43 | 46.72 | 0.00 | 0 | 11.97 | 26.0 |
| 2016 (3) | 3.40 | -10.99 | 45.19 | 15.1 | 12.54 | 95.33 | 10.55 | -29.9 | 13.70 | 13.98 | 10.95 | 14.54 | 15.15 | 2.43 | 1.46 | 2.82 | 0.13 | -13.33 | 24.26 | -10.48 | 933.87 | -0.44 | 91.53 | 71.39 | 8.47 | -81.82 | 0.00 | 0 | 9.50 | 4.05 |
| 2015 (2) | 3.82 | -5.68 | 39.26 | 6.83 | 6.42 | 16.3 | 15.05 | -0.51 | 12.02 | -5.35 | 9.56 | -4.21 | 14.79 | -12.9 | 1.42 | -14.46 | 0.15 | -11.76 | 27.10 | -2.73 | 938.01 | -2.05 | 53.40 | 22.77 | 46.60 | -17.53 | 0.00 | 0 | 9.13 | 18.26 |
| 2014 (1) | 4.05 | -12.72 | 36.75 | 0 | 5.52 | 0 | 15.12 | -3.09 | 12.70 | 0 | 9.98 | 0 | 16.98 | 0 | 1.66 | 0 | 0.17 | 0 | 27.86 | -18.82 | 957.66 | 6.89 | 43.50 | -31.45 | 56.50 | 54.33 | 0.00 | 0 | 7.72 | -10.96 |
