- 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) | 0.52 | -87.99 | -90.6 | 40.19 | -4.17 | -3.69 | 23.49 | -3.09 | -11.82 | 28.19 | 8.67 | -11.91 | 22.98 | 12.48 | -12.36 | 3.31 | 18.21 | -8.31 | 1.43 | 20.17 | -11.73 | 0.06 | 0.0 | 0.0 | 29.44 | 7.76 | -11.46 | 127.00 | -6.87 | 0.94 | 83.62 | -9.95 | 0.67 | 16.38 | 167.53 | -3.28 | 16.16 | -2.18 | 11.53 |
| 24Q2 (19) | 4.33 | -8.26 | -15.92 | 41.94 | -0.05 | -0.97 | 24.24 | -2.88 | -11.4 | 25.94 | -6.25 | -17.07 | 20.43 | -8.18 | -19.06 | 2.80 | -9.97 | -20.45 | 1.19 | -9.85 | -23.23 | 0.06 | 0.0 | 0.0 | 27.32 | -5.86 | -15.1 | 136.37 | -0.42 | 12.62 | 92.86 | 3.5 | 5.48 | 6.12 | -34.49 | -52.24 | 16.52 | 7.13 | 13.7 |
| 24Q1 (18) | 4.72 | -20.14 | -7.27 | 41.96 | -2.35 | 0.21 | 24.96 | -7.83 | -8.5 | 27.67 | -16.23 | -8.68 | 22.25 | -17.16 | -7.56 | 3.11 | -18.16 | -13.13 | 1.32 | -19.51 | -11.41 | 0.06 | 0.0 | 0.0 | 29.02 | -15.25 | -6.84 | 136.94 | -0.62 | 2.24 | 89.72 | 9.47 | 0.07 | 9.35 | -48.21 | -9.66 | 15.42 | 5.18 | 11.18 |
| 23Q4 (17) | 5.91 | 6.87 | -4.98 | 42.97 | 2.97 | -1.65 | 27.08 | 1.65 | -8.23 | 33.03 | 3.22 | 0.55 | 26.86 | 2.44 | 1.13 | 3.80 | 5.26 | -12.84 | 1.64 | 1.23 | -7.87 | 0.06 | 0.0 | -14.29 | 34.24 | 2.98 | 1.48 | 137.80 | 9.52 | -5.4 | 81.95 | -1.34 | -9.24 | 18.05 | 6.55 | 72.72 | 14.66 | 1.17 | 10.64 |
| 23Q3 (16) | 5.53 | 7.38 | 5.74 | 41.73 | -1.46 | -5.46 | 26.64 | -2.63 | -9.05 | 32.00 | 2.3 | 2.96 | 26.22 | 3.88 | 5.09 | 3.61 | 2.56 | -6.23 | 1.62 | 4.52 | 4.52 | 0.06 | 0.0 | 0.0 | 33.25 | 3.33 | 3.04 | 125.82 | 3.91 | -14.19 | 83.06 | -5.65 | -11.65 | 16.94 | 32.1 | 183.06 | 14.49 | -0.28 | -0.34 |
| 23Q2 (15) | 5.15 | 1.18 | 5.1 | 42.35 | 1.15 | -5.97 | 27.36 | 0.29 | -3.83 | 31.28 | 3.23 | 3.17 | 25.24 | 4.86 | 2.81 | 3.52 | -1.68 | -5.88 | 1.55 | 4.03 | 4.03 | 0.06 | 0.0 | 0.0 | 32.18 | 3.31 | 1.67 | 121.09 | -9.59 | -20.64 | 88.03 | -1.81 | -6.79 | 12.82 | 23.93 | 97.8 | 14.53 | 4.76 | -9.07 |
| 23Q1 (14) | 5.09 | -18.17 | 4.52 | 41.87 | -4.17 | -4.71 | 27.28 | -7.56 | 5.7 | 30.30 | -7.76 | 16.18 | 24.07 | -9.37 | 14.84 | 3.58 | -17.89 | -33.08 | 1.49 | -16.29 | -1.97 | 0.06 | -14.29 | -14.29 | 31.15 | -7.68 | 14.31 | 133.94 | -8.05 | -11.6 | 89.66 | -0.71 | -9.37 | 10.34 | -0.99 | 862.07 | 13.87 | 4.68 | -19.64 |
| 22Q4 (13) | 6.22 | 18.93 | 20.78 | 43.69 | -1.02 | 1.02 | 29.51 | 0.75 | 11.74 | 32.85 | 5.69 | 23.17 | 26.56 | 6.45 | 27.82 | 4.36 | 13.25 | -70.86 | 1.78 | 14.84 | -11.0 | 0.07 | 16.67 | -30.0 | 33.74 | 4.56 | 21.41 | 145.67 | -0.65 | -79.89 | 90.30 | -3.96 | -8.77 | 10.45 | 74.63 | 923.88 | 13.25 | -8.87 | -14.79 |
| 22Q3 (12) | 5.23 | 6.73 | -12.54 | 44.14 | -2.0 | 1.59 | 29.29 | 2.95 | 0.03 | 31.08 | 2.51 | 5.5 | 24.95 | 1.63 | 6.08 | 3.85 | 2.94 | -78.97 | 1.55 | 4.03 | -34.87 | 0.06 | 0.0 | -40.0 | 32.27 | 1.96 | 5.8 | 146.62 | -3.91 | -74.59 | 94.02 | -0.45 | -5.13 | 5.98 | -7.69 | 564.1 | 14.54 | -9.01 | 0.14 |
| 22Q2 (11) | 4.90 | 0.62 | -25.3 | 45.04 | 2.5 | 3.52 | 28.45 | 10.23 | -5.23 | 30.32 | 16.26 | 0.36 | 24.55 | 17.13 | 2.42 | 3.74 | -30.09 | -82.42 | 1.49 | -1.97 | -39.92 | 0.06 | -14.29 | -40.0 | 31.65 | 16.15 | 0.67 | 152.59 | 0.71 | -80.48 | 94.44 | -4.53 | -4.66 | 6.48 | 502.78 | 593.52 | 15.98 | -7.42 | 4.58 |
| 22Q1 (10) | 4.87 | -5.44 | -7.59 | 43.94 | 1.6 | 2.83 | 25.81 | -2.27 | -5.21 | 26.08 | -2.21 | -4.75 | 20.96 | 0.87 | -4.34 | 5.35 | -64.24 | -72.47 | 1.52 | -24.0 | -34.2 | 0.07 | -30.0 | -30.0 | 27.25 | -1.94 | -5.09 | 151.52 | -79.08 | -79.27 | 98.92 | -0.06 | 0.1 | 1.08 | 5.38 | 0 | 17.26 | 11.0 | 5.18 |
| 21Q4 (9) | 5.15 | -13.88 | 39.57 | 43.25 | -0.46 | 9.47 | 26.41 | -9.8 | 25.46 | 26.67 | -9.47 | 25.62 | 20.78 | -11.65 | 22.38 | 14.96 | -18.3 | 11.06 | 2.00 | -15.97 | 28.21 | 0.10 | 0.0 | 11.11 | 27.79 | -8.89 | 21.57 | 724.29 | 25.52 | -5.02 | 98.98 | -0.12 | -1.02 | 1.02 | 13.27 | 0 | 15.55 | 7.09 | -12.98 |
| 21Q3 (8) | 5.98 | -8.84 | 59.47 | 43.45 | -0.14 | 4.8 | 29.28 | -2.47 | 32.25 | 29.46 | -2.48 | 32.05 | 23.52 | -1.88 | 31.76 | 18.31 | -13.96 | 27.24 | 2.38 | -4.03 | 53.55 | 0.10 | 0.0 | 11.11 | 30.50 | -2.99 | 27.14 | 577.01 | -26.19 | -26.31 | 99.10 | 0.03 | -0.9 | 0.90 | -3.6 | 0 | 14.52 | -4.97 | -22.48 |
| 21Q2 (7) | 6.56 | 24.48 | 82.22 | 43.51 | 1.83 | 3.45 | 30.02 | 10.25 | 29.51 | 30.21 | 10.34 | 28.94 | 23.97 | 9.4 | 24.33 | 21.28 | 9.52 | 31.28 | 2.48 | 7.36 | 57.96 | 0.10 | 0.0 | 25.0 | 31.44 | 9.51 | 24.22 | 781.79 | 6.97 | -13.78 | 99.07 | 0.24 | -0.93 | 0.93 | 0 | -47.66 | 15.28 | -6.89 | -13.43 |
| 21Q1 (6) | 5.27 | 42.82 | 0 | 42.73 | 8.15 | 0 | 27.23 | 29.36 | 0 | 27.38 | 28.97 | 0 | 21.91 | 29.03 | 0 | 19.43 | 44.25 | 0 | 2.31 | 48.08 | 0 | 0.10 | 11.11 | 0 | 28.71 | 25.59 | 0 | 730.82 | -4.16 | 0 | 98.82 | -1.18 | 0 | 0.00 | 0 | 0 | 16.41 | -8.17 | 0 |
| 20Q4 (5) | 3.69 | -1.6 | 0 | 39.51 | -4.7 | 0 | 21.05 | -4.92 | 0 | 21.23 | -4.84 | 0 | 16.98 | -4.87 | 0 | 13.47 | -6.39 | 0 | 1.56 | 0.65 | 0 | 0.09 | 0.0 | 0 | 22.86 | -4.71 | 0 | 762.58 | -2.61 | 0 | 100.00 | 0.0 | 0 | 0.00 | 0 | 0 | 17.87 | -4.59 | 0 |
| 20Q3 (4) | 3.75 | 4.17 | 0.0 | 41.46 | -1.43 | 0.0 | 22.14 | -4.49 | 0.0 | 22.31 | -4.78 | 0.0 | 17.85 | -7.42 | 0.0 | 14.39 | -11.23 | 0.0 | 1.55 | -1.27 | 0.0 | 0.09 | 12.5 | 0.0 | 23.99 | -5.22 | 0.0 | 783.03 | -13.65 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | -100.0 | 0.0 | 18.73 | 6.12 | 0.0 |
| 20Q2 (3) | 3.60 | 0 | 0.0 | 42.06 | 0 | 0.0 | 23.18 | 0 | 0.0 | 23.43 | 0 | 0.0 | 19.28 | 0 | 0.0 | 16.21 | 0 | 0.0 | 1.57 | 0 | 0.0 | 0.08 | 0 | 0.0 | 25.31 | 0 | 0.0 | 906.79 | 0 | 0.0 | 100.00 | 0 | 0.0 | 1.79 | 0 | 0.0 | 17.65 | 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) | 21.66 | 3.84 | 42.24 | -4.39 | 27.09 | -4.34 | 0.77 | -10.73 | 31.67 | 4.9 | 25.62 | 5.26 | 14.91 | -38.82 | 6.18 | -13.69 | 0.24 | -17.24 | 32.73 | 4.77 | 137.80 | -5.4 | 85.54 | -8.81 | 14.46 | 133.43 | 0.10 | 220.52 | 14.39 | -5.2 |
| 2022 (9) | 20.86 | -2.61 | 44.18 | 2.15 | 28.32 | 0.18 | 0.87 | -6.07 | 30.19 | 6.08 | 24.34 | 7.89 | 24.37 | -67.9 | 7.16 | -20.97 | 0.29 | -27.5 | 31.24 | 5.4 | 145.67 | -79.89 | 93.81 | -5.72 | 6.19 | 725.96 | 0.03 | -56.0 | 15.18 | -1.36 |
| 2021 (8) | 21.42 | 51.81 | 43.25 | 5.49 | 28.27 | 28.91 | 0.92 | -21.39 | 28.46 | 28.78 | 22.56 | 26.67 | 75.91 | 42.8 | 9.06 | 40.47 | 0.40 | 11.11 | 29.64 | 24.54 | 724.29 | -5.02 | 99.50 | 0.39 | 0.75 | -15.25 | 0.07 | -45.07 | 15.39 | -14.88 |
| 2020 (7) | 14.11 | 13.06 | 41.00 | 3.54 | 21.93 | 10.7 | 1.18 | -0.8 | 22.10 | 10.17 | 17.81 | 11.31 | 53.16 | -11.46 | 6.45 | 7.32 | 0.36 | -2.7 | 23.80 | 10.39 | 762.58 | 8.23 | 99.12 | 0.3 | 0.88 | -25.22 | 0.13 | 0 | 18.08 | -7.04 |
| 2019 (6) | 12.48 | -34.21 | 39.60 | 14.45 | 19.81 | 61.06 | 1.18 | 67.95 | 20.06 | 60.48 | 16.00 | 27.49 | 60.04 | -36.38 | 6.01 | 24.43 | 0.37 | -2.63 | 21.56 | 58.76 | 704.56 | -54.03 | 98.82 | 0.23 | 1.18 | -15.98 | 0.00 | 0 | 19.45 | -4.0 |
| 2018 (5) | 18.97 | 778.24 | 34.60 | 31.36 | 12.30 | 133.4 | 0.71 | -54.61 | 12.50 | 138.1 | 12.55 | 139.05 | 94.37 | 43.75 | 4.83 | 121.56 | 0.38 | -7.32 | 13.58 | 94.28 | 1532.51 | -46.4 | 98.59 | -1.41 | 1.41 | 0 | 0.00 | 0 | 20.26 | 37.82 |
| 2017 (4) | 2.16 | 0 | 26.34 | 341.95 | 5.27 | 0 | 1.55 | -65.41 | 5.25 | 0 | 5.25 | 0 | 65.65 | 0 | 2.18 | 0 | 0.41 | 0 | 6.99 | 0 | 2859.33 | -10.29 | 100.00 | -10.0 | 0.00 | 0 | 0.00 | 0 | 14.70 | -42.96 |
| 2016 (3) | -3.04 | 0 | 5.96 | 0 | -10.69 | 0 | 4.49 | 0 | -10.24 | 0 | -10.24 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -5.62 | 0 | 3187.18 | 0 | 111.11 | 0 | -0.00 | 0 | 0.00 | 0 | 25.77 | 0 |
