- 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) | 1.01 | -0.98 | -17.89 | 7.05 | 3.83 | 1.0 | 1.95 | 1.56 | -10.14 | 1.79 | -6.77 | -23.5 | 1.35 | -10.0 | -25.41 | 3.84 | 1.05 | -14.86 | 1.22 | -4.69 | -26.95 | 0.72 | 0.0 | -12.2 | 2.67 | -2.55 | -9.8 | 297.08 | 4.25 | 48.38 | 110.26 | 10.26 | 19.44 | -9.40 | 0 | -235.8 | 2.26 | -9.96 | -9.6 |
| 24Q2 (19) | 1.02 | -4.67 | -20.93 | 6.79 | -1.88 | 3.19 | 1.92 | -11.52 | -17.95 | 1.92 | -6.8 | -18.3 | 1.50 | -9.09 | -15.73 | 3.80 | 1.88 | -20.5 | 1.28 | -9.22 | -30.43 | 0.72 | -2.7 | -21.74 | 2.74 | 1.48 | -7.74 | 284.98 | 26.2 | 39.92 | 100.00 | -5.04 | 0.0 | 0.00 | 100.0 | 0 | 2.51 | -4.2 | 10.57 |
| 24Q1 (18) | 1.07 | -28.19 | 0.94 | 6.92 | 4.37 | -1.14 | 2.17 | 5.34 | 4.33 | 2.06 | -9.65 | 9.57 | 1.65 | -19.12 | 6.45 | 3.73 | -28.82 | 8.12 | 1.41 | -28.43 | 2.92 | 0.74 | -15.91 | -3.9 | 2.70 | -5.26 | 6.3 | 225.81 | 23.39 | 24.15 | 105.31 | 16.44 | -4.44 | -5.31 | -155.55 | 47.96 | 2.62 | 4.8 | 3.97 |
| 23Q4 (17) | 1.49 | 21.14 | 0.0 | 6.63 | -5.01 | -5.42 | 2.06 | -5.07 | -15.57 | 2.28 | -2.56 | 5.56 | 2.04 | 12.71 | 0.99 | 5.24 | 16.19 | -1.69 | 1.97 | 17.96 | 7.65 | 0.88 | 7.32 | 7.32 | 2.85 | -3.72 | 2.89 | 183.00 | -8.6 | -9.03 | 90.44 | -2.02 | -20.39 | 9.56 | 38.07 | 170.29 | 2.50 | 0.0 | 21.95 |
| 23Q3 (16) | 1.23 | -4.65 | -4.65 | 6.98 | 6.08 | -4.38 | 2.17 | -7.26 | 6.37 | 2.34 | -0.43 | -8.24 | 1.81 | 1.69 | -7.18 | 4.51 | -5.65 | -14.58 | 1.67 | -9.24 | 0.6 | 0.82 | -10.87 | 7.89 | 2.96 | -0.34 | -6.62 | 200.22 | -1.7 | -18.86 | 92.31 | -7.69 | 15.79 | 6.92 | 0 | -65.86 | 2.50 | 10.13 | 8.23 |
| 23Q2 (15) | 1.29 | 21.7 | 2.38 | 6.58 | -6.0 | -14.1 | 2.34 | 12.5 | -4.88 | 2.35 | 25.0 | -7.84 | 1.78 | 14.84 | -8.72 | 4.78 | 38.55 | -15.7 | 1.84 | 34.31 | 5.14 | 0.92 | 19.48 | 8.24 | 2.97 | 16.93 | -1.0 | 203.68 | 11.98 | -23.24 | 100.00 | -9.26 | 4.03 | 0.00 | 100.0 | -100.0 | 2.27 | -9.92 | -2.16 |
| 23Q1 (14) | 1.06 | -28.86 | 0.95 | 7.00 | -0.14 | -2.78 | 2.08 | -14.75 | 2.46 | 1.88 | -12.96 | -9.62 | 1.55 | -23.27 | -6.06 | 3.45 | -35.27 | -24.34 | 1.37 | -25.14 | -8.05 | 0.77 | -6.1 | -10.47 | 2.54 | -8.3 | 1.6 | 181.89 | -9.58 | -17.17 | 110.20 | -2.99 | 12.07 | -10.20 | 24.97 | -508.16 | 2.52 | 22.93 | 9.57 |
| 22Q4 (13) | 1.49 | 15.5 | 2.76 | 7.01 | -3.97 | 7.35 | 2.44 | 19.61 | 29.79 | 2.16 | -15.29 | -2.7 | 2.02 | 3.59 | -0.49 | 5.33 | 0.95 | -19.61 | 1.83 | 10.24 | -11.17 | 0.82 | 7.89 | -16.33 | 2.77 | -12.62 | 6.13 | 201.17 | -18.48 | -9.16 | 113.60 | 42.5 | 33.15 | -13.60 | -167.06 | -188.4 | 2.05 | -11.26 | 0.99 |
| 22Q3 (12) | 1.29 | 2.38 | 24.04 | 7.30 | -4.7 | 22.69 | 2.04 | -17.07 | 47.83 | 2.55 | 0.0 | 49.12 | 1.95 | 0.0 | 44.44 | 5.28 | -6.88 | 25.42 | 1.66 | -5.14 | 23.88 | 0.76 | -10.59 | -19.15 | 3.17 | 5.67 | 48.13 | 246.76 | -7.0 | 0.26 | 79.72 | -17.07 | -1.52 | 20.28 | 528.67 | 6.47 | 2.31 | -0.43 | 11.59 |
| 22Q2 (11) | 1.26 | 20.0 | 23.53 | 7.66 | 6.39 | 43.18 | 2.46 | 21.18 | 119.64 | 2.55 | 22.6 | 28.14 | 1.95 | 18.18 | 2.09 | 5.67 | 24.34 | 25.44 | 1.75 | 17.45 | 6.71 | 0.85 | -1.16 | 0.0 | 3.00 | 20.0 | 28.76 | 265.33 | 20.82 | 19.85 | 96.13 | -2.24 | 70.07 | 3.23 | 29.03 | -92.58 | 2.32 | 0.87 | -10.77 |
| 22Q1 (10) | 1.05 | -27.59 | 34.62 | 7.20 | 10.26 | 46.34 | 2.03 | 7.98 | 39.04 | 2.08 | -6.31 | 18.18 | 1.65 | -18.72 | 17.02 | 4.56 | -31.22 | 36.53 | 1.49 | -27.67 | 17.32 | 0.86 | -12.24 | -2.27 | 2.50 | -4.21 | 19.62 | 219.60 | -0.84 | 63.33 | 98.33 | 15.26 | 18.33 | 2.50 | -83.75 | -85.21 | 2.30 | 13.3 | -0.86 |
| 21Q4 (9) | 1.45 | 39.42 | 107.14 | 6.53 | 9.75 | 54.74 | 1.88 | 36.23 | 70.91 | 2.22 | 29.82 | 51.02 | 2.03 | 50.37 | 73.5 | 6.63 | 57.48 | 93.86 | 2.06 | 53.73 | 77.59 | 0.98 | 4.26 | 3.16 | 2.61 | 21.96 | 45.81 | 221.45 | -10.02 | 3.68 | 85.31 | 5.39 | 15.53 | 15.38 | -19.23 | -37.5 | 2.03 | -1.93 | 6.84 |
| 21Q3 (8) | 1.04 | 1.96 | 26.83 | 5.95 | 11.21 | 47.64 | 1.38 | 23.21 | 21.05 | 1.71 | -14.07 | 13.25 | 1.35 | -29.32 | 8.0 | 4.21 | -6.86 | 0.48 | 1.34 | -18.29 | -4.29 | 0.94 | 10.59 | -12.96 | 2.14 | -8.15 | 19.55 | 246.11 | 11.17 | 22.19 | 80.95 | 43.22 | 7.45 | 19.05 | -56.19 | -22.75 | 2.07 | -20.38 | 5.08 |
| 21Q2 (7) | 1.02 | 30.77 | 78.95 | 5.35 | 8.74 | 29.85 | 1.12 | -23.29 | 36.59 | 1.99 | 13.07 | 57.94 | 1.91 | 35.46 | 80.19 | 4.52 | 35.33 | 51.68 | 1.64 | 29.13 | 62.38 | 0.85 | -3.41 | -6.59 | 2.33 | 11.48 | 45.62 | 221.38 | 64.66 | 2.38 | 56.52 | -31.98 | -14.36 | 43.48 | 157.25 | 20.77 | 2.60 | 12.07 | 23.81 |
| 21Q1 (6) | 0.78 | 11.43 | 0 | 4.92 | 16.59 | 0 | 1.46 | 32.73 | 0 | 1.76 | 19.73 | 0 | 1.41 | 20.51 | 0 | 3.34 | -2.34 | 0 | 1.27 | 9.48 | 0 | 0.88 | -7.37 | 0 | 2.09 | 16.76 | 0 | 134.45 | -37.05 | 0 | 83.10 | 12.53 | 0 | 16.90 | -31.34 | 0 | 2.32 | 22.11 | 0 |
| 20Q4 (5) | 0.70 | -14.63 | 0 | 4.22 | 4.71 | 0 | 1.10 | -3.51 | 0 | 1.47 | -2.65 | 0 | 1.17 | -6.4 | 0 | 3.42 | -18.38 | 0 | 1.16 | -17.14 | 0 | 0.95 | -12.04 | 0 | 1.79 | 0.0 | 0 | 213.59 | 6.05 | 0 | 73.85 | -1.99 | 0 | 24.62 | -0.17 | 0 | 1.90 | -3.55 | 0 |
| 20Q3 (4) | 0.82 | 43.86 | 0.0 | 4.03 | -2.18 | 0.0 | 1.14 | 39.02 | 0.0 | 1.51 | 19.84 | 0.0 | 1.25 | 17.92 | 0.0 | 4.19 | 40.6 | 0.0 | 1.40 | 38.61 | 0.0 | 1.08 | 18.68 | 0.0 | 1.79 | 11.87 | 0.0 | 201.41 | -6.86 | 0.0 | 75.34 | 14.16 | 0.0 | 24.66 | -31.51 | 0.0 | 1.97 | -6.19 | 0.0 |
| 20Q2 (3) | 0.57 | 0 | 0.0 | 4.12 | 0 | 0.0 | 0.82 | 0 | 0.0 | 1.26 | 0 | 0.0 | 1.06 | 0 | 0.0 | 2.98 | 0 | 0.0 | 1.01 | 0 | 0.0 | 0.91 | 0 | 0.0 | 1.60 | 0 | 0.0 | 216.24 | 0 | 0.0 | 66.00 | 0 | 0.0 | 36.00 | 0 | 0.0 | 2.10 | 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) | 5.06 | -0.59 | 6.78 | -7.12 | 2.17 | -3.56 | 0.25 | 7.95 | 2.22 | -4.72 | 1.80 | -5.26 | 17.62 | -13.67 | 6.77 | -4.92 | 3.35 | -3.18 | 2.84 | -0.7 | 183.00 | -9.03 | 97.63 | 1.36 | 2.37 | -35.61 | 4.66 | -3.86 | 2.45 | 8.89 |
| 2022 (9) | 5.09 | 18.93 | 7.30 | 25.86 | 2.25 | 51.01 | 0.23 | -1.04 | 2.33 | 20.73 | 1.90 | 12.43 | 20.41 | 1.14 | 7.12 | 8.37 | 3.46 | -7.73 | 2.86 | 23.81 | 201.17 | -9.16 | 96.32 | 25.18 | 3.68 | -84.03 | 4.84 | -3.04 | 2.25 | 1.35 |
| 2021 (8) | 4.28 | 62.74 | 5.80 | 40.78 | 1.49 | 46.08 | 0.23 | -3.04 | 1.93 | 40.88 | 1.69 | 50.89 | 20.18 | 53.69 | 6.57 | 54.23 | 3.75 | 3.31 | 2.31 | 37.5 | 221.45 | 3.68 | 76.94 | 3.02 | 23.06 | -8.92 | 4.99 | 7869.83 | 2.22 | 10.45 |
| 2020 (7) | 2.63 | 54.71 | 4.12 | -10.24 | 1.02 | 10.87 | 0.24 | -19.91 | 1.37 | 21.24 | 1.12 | 20.43 | 13.13 | 44.6 | 4.26 | 40.13 | 3.63 | 15.97 | 1.68 | 12.75 | 213.59 | -7.11 | 74.68 | -9.18 | 25.32 | 37.43 | 0.06 | 0 | 2.01 | -16.94 |
| 2019 (6) | 1.70 | 23.19 | 4.59 | 0.0 | 0.92 | 37.31 | 0.30 | 819.28 | 1.13 | 41.25 | 0.93 | 17.72 | 9.08 | 40.56 | 3.04 | 27.73 | 3.13 | -6.85 | 1.49 | 71.26 | 229.94 | 19.9 | 82.24 | -1.91 | 18.42 | 7.28 | 0.00 | 0 | 2.42 | -21.17 |
| 2018 (5) | 1.38 | 39.39 | 4.59 | 2.23 | 0.67 | 45.65 | 0.03 | -15.75 | 0.80 | 11.11 | 0.79 | 17.91 | 6.46 | 17.88 | 2.38 | 9.17 | 3.36 | 5.0 | 0.87 | 10.13 | 191.77 | 14.05 | 83.84 | 31.0 | 17.17 | -52.3 | 0.00 | 0 | 3.07 | 19.46 |
| 2017 (4) | 0.99 | 35.62 | 4.49 | -5.67 | 0.46 | -9.8 | 0.04 | 18.58 | 0.72 | 9.09 | 0.67 | 21.82 | 5.48 | 0 | 2.18 | 0 | 3.20 | 0 | 0.79 | 6.76 | 168.14 | 15.9 | 64.00 | -17.33 | 36.00 | 59.43 | 0.00 | 0 | 2.57 | -3.02 |
| 2016 (3) | 0.73 | 0 | 4.76 | 0 | 0.51 | 0 | 0.03 | 0 | 0.66 | 0 | 0.55 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.74 | 0 | 145.07 | 0 | 77.42 | 0 | 22.58 | 0 | 0.00 | 0 | 2.65 | 0 |
