- 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) | 1.31 | -36.41 | -18.63 | 24.68 | -5.84 | 0.16 | 13.27 | -6.22 | 11.89 | 13.39 | -25.49 | -30.04 | 10.86 | -34.02 | -29.94 | 4.57 | -35.18 | -26.05 | 2.69 | -35.18 | -20.88 | 0.24 | -4.0 | 14.29 | 16.67 | -20.81 | -28.12 | 73.42 | -7.3 | -17.89 | 98.18 | 24.81 | 58.05 | 0.00 | -100.0 | -100.0 | 14.31 | -4.54 | -12.37 |
| 24Q2 (19) | 2.06 | 5.64 | 40.14 | 26.21 | 2.62 | 17.96 | 14.15 | 10.2 | 43.51 | 17.97 | -15.12 | 10.86 | 16.46 | -4.08 | 11.37 | 7.05 | 3.98 | 25.89 | 4.15 | 5.6 | 25.38 | 0.25 | 13.64 | 13.64 | 21.05 | -14.22 | 5.25 | 79.20 | 15.84 | -8.61 | 78.67 | 30.04 | 28.73 | 21.33 | -46.0 | -45.14 | 14.99 | -8.43 | -7.01 |
| 24Q1 (18) | 1.95 | 101.03 | 191.04 | 25.54 | -2.41 | 32.4 | 12.84 | -13.65 | 67.41 | 21.17 | 97.11 | 140.57 | 17.16 | 130.34 | 135.07 | 6.78 | 89.39 | 174.49 | 3.93 | 93.6 | 148.73 | 0.22 | -15.38 | 4.76 | 24.54 | 77.06 | 91.42 | 68.37 | -20.09 | 10.42 | 60.49 | -56.26 | -31.94 | 39.51 | 203.16 | 166.67 | 16.37 | 20.28 | 13.84 |
| 23Q4 (17) | 0.97 | -39.75 | 125.58 | 26.17 | 6.21 | 31.05 | 14.87 | 25.38 | 84.03 | 10.74 | -43.89 | 93.17 | 7.45 | -51.94 | 60.91 | 3.58 | -42.07 | 113.1 | 2.03 | -40.29 | 93.33 | 0.26 | 23.81 | 23.81 | 13.86 | -40.23 | 46.2 | 85.56 | -4.32 | 27.17 | 138.30 | 122.63 | -4.26 | -38.30 | -201.11 | 13.83 | 13.61 | -16.66 | -4.29 |
| 23Q3 (16) | 1.61 | 9.52 | -15.26 | 24.64 | 10.89 | 32.4 | 11.86 | 20.28 | 50.51 | 19.14 | 18.08 | -6.04 | 15.50 | 4.87 | -6.34 | 6.18 | 10.36 | -17.93 | 3.40 | 2.72 | -17.07 | 0.21 | -4.55 | -12.5 | 23.19 | 15.95 | -1.7 | 89.42 | 3.18 | 17.41 | 62.12 | 1.65 | 60.31 | 37.88 | -2.6 | -38.16 | 16.33 | 1.3 | 24.37 |
| 23Q2 (15) | 1.47 | 119.4 | -37.71 | 22.22 | 15.19 | 11.66 | 9.86 | 28.55 | -8.11 | 16.21 | 84.2 | -13.78 | 14.78 | 102.47 | -10.64 | 5.60 | 126.72 | -40.93 | 3.31 | 109.49 | -34.58 | 0.22 | 4.76 | -26.67 | 20.00 | 56.01 | -6.15 | 86.66 | 39.95 | -12.46 | 61.11 | -31.25 | 8.12 | 38.89 | 162.5 | -8.26 | 16.12 | 12.1 | 38.97 |
| 23Q1 (14) | 0.67 | 55.81 | -63.78 | 19.29 | -3.41 | 21.4 | 7.67 | -5.07 | 1.86 | 8.80 | 58.27 | -43.98 | 7.30 | 57.67 | -42.47 | 2.47 | 47.02 | -66.8 | 1.58 | 50.48 | -61.46 | 0.21 | 0.0 | -34.38 | 12.82 | 35.23 | -29.21 | 61.92 | -7.97 | -23.2 | 88.89 | -38.46 | 87.39 | 14.81 | 133.33 | -71.82 | 14.38 | 1.13 | 28.97 |
| 22Q4 (13) | 0.43 | -77.37 | -57.84 | 19.97 | 7.31 | 7.37 | 8.08 | 2.54 | -22.61 | 5.56 | -72.7 | -44.84 | 4.63 | -72.02 | -37.77 | 1.68 | -77.69 | -61.56 | 1.05 | -74.39 | -56.07 | 0.21 | -12.5 | -32.26 | 9.48 | -59.81 | -25.59 | 67.28 | -11.66 | -22.71 | 144.44 | 272.76 | 38.55 | -44.44 | -172.56 | -944.44 | 14.22 | 8.3 | 32.9 |
| 22Q3 (12) | 1.90 | -19.49 | 104.3 | 18.61 | -6.48 | 9.66 | 7.88 | -26.56 | -9.22 | 20.37 | 8.35 | 118.8 | 16.55 | 0.06 | 118.34 | 7.53 | -20.57 | 80.58 | 4.10 | -18.97 | 82.22 | 0.24 | -20.0 | -17.24 | 23.59 | 10.7 | 88.72 | 76.16 | -23.06 | -13.81 | 38.75 | -31.44 | -59.16 | 61.25 | 44.49 | 696.25 | 13.13 | 13.19 | 13.78 |
| 22Q2 (11) | 2.36 | 27.57 | 168.18 | 19.90 | 25.24 | 13.84 | 10.73 | 42.5 | 28.97 | 18.80 | 19.67 | 137.37 | 16.54 | 30.34 | 108.05 | 9.48 | 27.42 | 152.8 | 5.06 | 23.41 | 137.56 | 0.30 | -6.25 | 15.38 | 21.31 | 17.67 | 89.25 | 98.99 | 22.77 | 5.89 | 56.52 | 19.15 | -47.01 | 42.39 | -19.35 | 735.87 | 11.60 | 4.04 | -8.88 |
| 22Q1 (10) | 1.85 | 81.37 | 103.3 | 15.89 | -14.57 | -22.03 | 7.53 | -27.87 | -29.03 | 15.71 | 55.85 | 46.69 | 12.69 | 70.56 | 44.37 | 7.44 | 70.25 | 94.76 | 4.10 | 71.55 | 77.49 | 0.32 | 3.23 | 23.08 | 18.11 | 42.15 | 26.47 | 80.63 | -7.38 | 16.86 | 47.44 | -54.5 | -51.35 | 52.56 | 1335.26 | 0 | 11.15 | 4.21 | -13.83 |
| 21Q4 (9) | 1.02 | 9.68 | -63.96 | 18.60 | 9.61 | 4.85 | 10.44 | 20.28 | 86.76 | 10.08 | 8.27 | -60.16 | 7.44 | -1.85 | -68.25 | 4.37 | 4.8 | -64.18 | 2.39 | 6.22 | -62.12 | 0.31 | 6.9 | 14.81 | 12.74 | 1.92 | -55.14 | 87.05 | -1.48 | 24.07 | 104.26 | 9.89 | 371.42 | -4.26 | -155.32 | -105.46 | 10.70 | -7.28 | -28.71 |
| 21Q3 (8) | 0.93 | 5.68 | 29.17 | 16.97 | -2.92 | -10.87 | 8.68 | 4.33 | -9.87 | 9.31 | 17.55 | 17.4 | 7.58 | -4.65 | 15.73 | 4.17 | 11.2 | 18.47 | 2.25 | 5.63 | 37.2 | 0.29 | 11.54 | 20.83 | 12.50 | 11.01 | 9.17 | 88.36 | -5.48 | -28.61 | 94.87 | -11.06 | -22.6 | 7.69 | 215.38 | 134.07 | 11.54 | -9.35 | 0.7 |
| 21Q2 (7) | 0.88 | -3.3 | -22.81 | 17.48 | -14.23 | -20.58 | 8.32 | -21.58 | -31.07 | 7.92 | -26.05 | -28.39 | 7.95 | -9.56 | -21.83 | 3.75 | -1.83 | -27.04 | 2.13 | -7.79 | -13.77 | 0.26 | 0.0 | 8.33 | 11.26 | -21.37 | -21.2 | 93.48 | 35.48 | -26.61 | 106.67 | 9.4 | -0.29 | -6.67 | 0 | 28.33 | 12.73 | -1.62 | 0 |
| 21Q1 (6) | 0.91 | -67.84 | -4.21 | 20.38 | 14.88 | 1.14 | 10.61 | 89.8 | 12.51 | 10.71 | -57.67 | -2.81 | 8.79 | -62.48 | -1.79 | 3.82 | -68.69 | -10.75 | 2.31 | -63.39 | 6.94 | 0.26 | -3.7 | 13.04 | 14.32 | -49.58 | -0.28 | 69.00 | -1.65 | -33.76 | 97.50 | 340.87 | 14.21 | 0.00 | -100.0 | -100.0 | 12.94 | -13.79 | 6.24 |
| 20Q4 (5) | 2.83 | 293.06 | 162.04 | 17.74 | -6.83 | -10.36 | 5.59 | -41.95 | -33.21 | 25.30 | 219.04 | 121.93 | 23.43 | 257.71 | 116.14 | 12.20 | 246.59 | 123.03 | 6.31 | 284.76 | 138.11 | 0.27 | 12.5 | 12.5 | 28.40 | 148.03 | 96.27 | 70.16 | -43.31 | -35.4 | 22.12 | -81.96 | -70.28 | 77.88 | 444.92 | 204.46 | 15.01 | 30.98 | 17.17 |
| 20Q3 (4) | 0.72 | -36.84 | 0.0 | 19.04 | -13.49 | 0.0 | 9.63 | -20.22 | 0.0 | 7.93 | -28.3 | 0.0 | 6.55 | -35.59 | 0.0 | 3.52 | -31.52 | 0.0 | 1.64 | -33.6 | 0.0 | 0.24 | 0.0 | 0.0 | 11.45 | -19.87 | 0.0 | 123.77 | -2.83 | 0.0 | 122.58 | 14.59 | 0.0 | -22.58 | -142.74 | 0.0 | 11.46 | 0 | 0.0 |
| 20Q2 (3) | 1.14 | 20.0 | 0.0 | 22.01 | 9.23 | 0.0 | 12.07 | 28.0 | 0.0 | 11.06 | 0.36 | 0.0 | 10.17 | 13.63 | 0.0 | 5.14 | 20.09 | 0.0 | 2.47 | 14.35 | 0.0 | 0.24 | 4.35 | 0.0 | 14.29 | -0.49 | 0.0 | 127.37 | 22.27 | 0.0 | 106.98 | 25.32 | 0.0 | -9.30 | -163.57 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.95 | -12.04 | 0.0 | 20.15 | 1.82 | 0.0 | 9.43 | 12.66 | 0.0 | 11.02 | -3.33 | 0.0 | 8.95 | -17.44 | 0.0 | 4.28 | -21.76 | 0.0 | 2.16 | -18.49 | 0.0 | 0.23 | -4.17 | 0.0 | 14.36 | -0.76 | 0.0 | 104.17 | -4.08 | 0.0 | 85.37 | 14.71 | 0.0 | 14.63 | -42.79 | 0.0 | 12.18 | -4.92 | 0.0 |
| 19Q4 (1) | 1.08 | 0.0 | 0.0 | 19.79 | 0.0 | 0.0 | 8.37 | 0.0 | 0.0 | 11.40 | 0.0 | 0.0 | 10.84 | 0.0 | 0.0 | 5.47 | 0.0 | 0.0 | 2.65 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 14.47 | 0.0 | 0.0 | 108.60 | 0.0 | 0.0 | 74.42 | 0.0 | 0.0 | 25.58 | 0.0 | 0.0 | 12.81 | 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) | 4.71 | -27.87 | 23.37 | 26.74 | 11.40 | 32.1 | 2.93 | 16.09 | 13.62 | -13.36 | 11.07 | -15.69 | 17.19 | -33.45 | 10.12 | -32.08 | 0.88 | -20.72 | 17.25 | -7.66 | 85.56 | 27.17 | 83.59 | 52.39 | 16.41 | -63.65 | 0.40 | 0 | 15.02 | 21.82 |
| 2022 (9) | 6.53 | 75.07 | 18.44 | 0.66 | 8.63 | -9.44 | 2.53 | -7.48 | 15.72 | 65.13 | 13.13 | 66.2 | 25.83 | 64.73 | 14.90 | 65.37 | 1.11 | 0.0 | 18.68 | 47.32 | 67.28 | -22.71 | 54.85 | -45.15 | 45.15 | 0 | 0.00 | 0 | 12.33 | 3.7 |
| 2021 (8) | 3.73 | -33.75 | 18.32 | -7.01 | 9.53 | 4.5 | 2.73 | -2.82 | 9.52 | -32.05 | 7.90 | -36.55 | 15.68 | -35.23 | 9.01 | -31.59 | 1.11 | 7.77 | 12.68 | -27.0 | 87.05 | 24.07 | 100.00 | 53.15 | 0.00 | 0 | 0.07 | -6.91 | 11.89 | -7.69 |
| 2020 (7) | 5.63 | 84.59 | 19.70 | -0.3 | 9.12 | 13.43 | 2.81 | -10.58 | 14.01 | 41.52 | 12.45 | 43.93 | 24.21 | 70.01 | 13.17 | 77.97 | 1.03 | 25.61 | 17.37 | 27.07 | 70.16 | -35.4 | 65.30 | -19.34 | 35.16 | 84.59 | 0.07 | -43.63 | 12.88 | 0.08 |
| 2019 (6) | 3.05 | -11.08 | 19.76 | 12.53 | 8.04 | 11.98 | 3.14 | 51.87 | 9.90 | 0.0 | 8.65 | 7.45 | 14.24 | -6.62 | 7.40 | -7.85 | 0.82 | -14.58 | 13.67 | 9.54 | 108.60 | 15.98 | 80.95 | 12.09 | 19.05 | -31.43 | 0.12 | -37.89 | 12.87 | 20.17 |
| 2018 (5) | 3.43 | 49.78 | 17.56 | -1.57 | 7.18 | -15.43 | 2.07 | 2.0 | 9.90 | 65.55 | 8.05 | 60.68 | 15.25 | 52.2 | 8.03 | 54.42 | 0.96 | 0.0 | 12.48 | 44.28 | 93.64 | -6.12 | 72.22 | -49.56 | 27.78 | 0 | 0.20 | 0 | 10.71 | 4.08 |
| 2017 (4) | 2.29 | -64.98 | 17.84 | -16.79 | 8.49 | -28.17 | 2.03 | 58.38 | 5.98 | -51.58 | 5.01 | -51.03 | 10.02 | -67.97 | 5.20 | -61.48 | 0.96 | -24.41 | 8.65 | -39.47 | 99.74 | -13.47 | 143.18 | 49.38 | -42.05 | 0 | 0.00 | 0 | 10.29 | 9.94 |
| 2016 (3) | 6.54 | 58.35 | 21.44 | 6.4 | 11.82 | 42.41 | 1.28 | -21.66 | 12.35 | 36.31 | 10.23 | 34.25 | 31.28 | 48.95 | 13.50 | 65.85 | 1.27 | 25.74 | 14.29 | 24.15 | 115.26 | -33.04 | 95.85 | 4.49 | 4.15 | -49.83 | 0.00 | 0 | 9.36 | -15.45 |
| 2015 (2) | 4.13 | 55.85 | 20.15 | 20.8 | 8.30 | 70.08 | 1.63 | 32.94 | 9.06 | 45.43 | 7.62 | 36.31 | 21.00 | 49.36 | 8.14 | 34.77 | 1.01 | 2.02 | 11.51 | 37.35 | 172.12 | -2.22 | 91.73 | 17.94 | 8.27 | -62.78 | 0.00 | 0 | 11.07 | 2.12 |
| 2014 (1) | 2.65 | -17.45 | 16.68 | 0 | 4.88 | 0 | 1.23 | 30.16 | 6.23 | 0 | 5.59 | 0 | 14.06 | 0 | 6.04 | 0 | 0.99 | -10.0 | 8.38 | -11.32 | 176.03 | 32.79 | 77.78 | -3.28 | 22.22 | 13.45 | 0.00 | 0 | 10.84 | -0.73 |
