- 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) | 0.63 | 1.61 | 26.0 | 29.95 | 1.05 | 10.19 | 13.44 | 3.86 | 32.68 | 13.60 | 6.75 | 34.12 | 10.88 | 9.79 | 34.32 | 3.96 | 6.74 | 22.22 | 3.02 | 9.03 | 28.51 | 0.27 | -3.57 | -3.57 | 20.47 | 4.28 | 19.64 | 33.17 | 1.62 | -16.2 | 98.08 | -3.92 | -1.92 | 1.92 | 192.31 | 0 | 27.87 | 3.45 | -2.0 |
| 24Q2 (19) | 0.62 | 6.9 | 113.79 | 29.64 | -0.34 | 15.51 | 12.94 | 6.68 | 93.42 | 12.74 | 7.51 | 115.2 | 9.91 | 4.54 | 109.96 | 3.71 | 6.61 | 95.26 | 2.77 | 9.49 | 109.85 | 0.28 | 7.69 | 3.7 | 19.63 | 2.35 | 49.73 | 32.64 | -15.42 | -21.03 | 102.08 | -0.24 | -6.42 | -2.08 | 10.42 | 84.72 | 26.94 | -6.88 | -8.34 |
| 24Q1 (18) | 0.58 | -35.56 | 383.33 | 29.74 | -7.93 | 33.06 | 12.13 | -23.23 | 268.69 | 11.85 | -24.52 | 324.73 | 9.48 | -26.0 | 323.21 | 3.48 | -37.18 | 364.0 | 2.53 | -37.06 | 360.0 | 0.26 | -16.13 | 18.18 | 19.18 | -12.02 | 76.94 | 38.59 | -2.3 | -32.35 | 102.33 | 0.8 | -16.28 | -2.33 | 0 | 89.53 | 28.93 | 17.13 | -9.11 |
| 23Q4 (17) | 0.90 | 80.0 | 23.29 | 32.30 | 18.84 | 18.14 | 15.80 | 55.97 | 34.7 | 15.70 | 54.83 | 29.86 | 12.81 | 58.15 | 32.47 | 5.54 | 70.99 | 25.62 | 4.02 | 71.06 | 29.68 | 0.31 | 10.71 | -3.13 | 21.80 | 27.41 | 23.16 | 39.50 | -0.2 | -14.22 | 101.52 | 1.52 | 5.35 | 0.00 | 0 | -100.0 | 24.70 | -13.15 | 0.94 |
| 23Q3 (16) | 0.50 | 72.41 | -23.08 | 27.18 | 5.92 | 1.84 | 10.13 | 51.42 | -6.03 | 10.14 | 71.28 | -19.27 | 8.10 | 71.61 | -19.4 | 3.24 | 70.53 | -21.17 | 2.35 | 78.03 | -19.24 | 0.28 | 3.7 | 0.0 | 17.11 | 30.51 | -10.28 | 39.58 | -4.23 | -8.08 | 100.00 | -8.33 | 16.67 | 0.00 | 100.0 | -100.0 | 28.44 | -3.23 | 9.51 |
| 23Q2 (15) | 0.29 | 141.67 | -43.14 | 25.66 | 14.81 | -4.61 | 6.69 | 103.34 | -32.76 | 5.92 | 112.19 | -43.02 | 4.72 | 110.71 | -42.93 | 1.90 | 153.33 | -43.28 | 1.32 | 140.0 | -41.85 | 0.27 | 22.73 | 0.0 | 13.11 | 20.94 | -25.38 | 41.33 | -27.54 | -6.83 | 109.09 | -10.74 | 12.04 | -13.64 | 38.64 | -359.09 | 29.39 | -7.67 | 13.83 |
| 23Q1 (14) | 0.12 | -83.56 | -63.64 | 22.35 | -18.25 | -11.45 | 3.29 | -71.95 | -53.07 | 2.79 | -76.92 | -63.24 | 2.24 | -76.84 | -63.1 | 0.75 | -82.99 | -64.45 | 0.55 | -82.26 | -61.27 | 0.22 | -31.25 | -4.35 | 10.84 | -38.76 | -33.13 | 57.04 | 23.87 | -0.45 | 122.22 | 26.83 | 32.85 | -22.22 | -711.11 | -377.78 | 31.83 | 30.08 | 12.28 |
| 22Q4 (13) | 0.73 | 12.31 | -39.67 | 27.34 | 2.44 | -3.77 | 11.73 | 8.81 | -3.3 | 12.09 | -3.74 | 11.02 | 9.67 | -3.78 | -48.75 | 4.41 | 7.3 | -42.65 | 3.10 | 6.53 | -39.92 | 0.32 | 14.29 | 18.52 | 17.70 | -7.18 | -2.91 | 46.05 | 6.94 | -6.5 | 96.36 | 12.42 | -13.89 | 3.64 | -74.55 | 130.55 | 24.47 | -5.78 | -4.79 |
| 22Q3 (12) | 0.65 | 27.45 | 170.83 | 26.69 | -0.78 | 11.44 | 10.78 | 8.34 | 84.91 | 12.56 | 20.89 | 123.09 | 10.05 | 21.52 | 122.84 | 4.11 | 22.69 | 153.7 | 2.91 | 28.19 | 164.55 | 0.28 | 3.7 | 21.74 | 19.07 | 8.54 | 30.26 | 43.06 | -2.93 | -16.98 | 85.71 | -11.97 | -18.8 | 14.29 | 171.43 | 357.14 | 25.97 | 0.58 | -5.43 |
| 22Q2 (11) | 0.51 | 54.55 | 88.89 | 26.90 | 6.58 | 6.32 | 9.95 | 41.94 | 45.47 | 10.39 | 36.89 | 68.4 | 8.27 | 36.24 | 69.12 | 3.35 | 58.77 | 84.07 | 2.27 | 59.86 | 89.17 | 0.27 | 17.39 | 17.39 | 17.57 | 8.39 | 17.6 | 44.36 | -22.58 | -21.67 | 97.37 | 5.84 | -11.48 | 5.26 | -34.21 | 152.63 | 25.82 | -8.92 | -6.35 |
| 22Q1 (10) | 0.33 | -72.73 | 32.0 | 25.24 | -11.16 | 2.14 | 7.01 | -42.21 | 21.49 | 7.59 | -30.3 | 27.99 | 6.07 | -67.83 | 27.52 | 2.11 | -72.56 | 26.35 | 1.42 | -72.48 | 30.28 | 0.23 | -14.81 | 4.55 | 16.21 | -11.08 | 5.4 | 57.30 | 16.35 | -6.31 | 92.00 | -17.79 | -8.0 | 8.00 | 167.2 | 0 | 28.35 | 10.31 | -3.01 |
| 21Q4 (9) | 1.21 | 404.17 | 92.06 | 28.41 | 18.62 | 0.6 | 12.13 | 108.06 | -10.15 | 10.89 | 93.43 | -15.71 | 18.87 | 318.4 | 84.1 | 7.69 | 374.69 | 74.77 | 5.16 | 369.09 | 88.32 | 0.27 | 17.39 | 3.85 | 18.23 | 24.52 | -11.63 | 49.25 | -5.05 | -23.19 | 111.90 | 6.02 | 7.52 | -11.90 | -114.29 | -191.67 | 25.70 | -6.41 | 9.69 |
| 21Q3 (8) | 0.24 | -11.11 | -7.69 | 23.95 | -5.34 | -2.17 | 5.83 | -14.77 | -15.14 | 5.63 | -8.75 | -4.41 | 4.51 | -7.77 | -2.17 | 1.62 | -10.99 | -11.48 | 1.10 | -8.33 | -6.78 | 0.23 | 0.0 | -4.17 | 14.64 | -2.01 | -1.35 | 51.87 | -8.41 | -19.1 | 105.56 | -4.04 | -8.21 | -5.56 | 44.44 | 62.96 | 27.46 | -0.4 | 2.96 |
| 21Q2 (7) | 0.27 | 8.0 | 1000.0 | 25.30 | 2.39 | 30.82 | 6.84 | 18.54 | 581.69 | 6.17 | 4.05 | 969.01 | 4.89 | 2.73 | 943.1 | 1.82 | 8.98 | 1057.89 | 1.20 | 10.09 | 2500.0 | 0.23 | 4.55 | 15.0 | 14.94 | -2.86 | 36.44 | 56.63 | -7.41 | -11.86 | 110.00 | 10.0 | -45.0 | -10.00 | 0 | 90.0 | 27.57 | -5.68 | 0 |
| 21Q1 (6) | 0.25 | -60.32 | 327.27 | 24.71 | -12.5 | 29.37 | 5.77 | -57.26 | 280.31 | 5.93 | -54.1 | 285.89 | 4.76 | -53.56 | 290.4 | 1.67 | -62.05 | 325.68 | 1.09 | -60.22 | 372.5 | 0.22 | -15.38 | 15.79 | 15.38 | -25.45 | 69.2 | 61.16 | -4.62 | 6.09 | 100.00 | -3.92 | 0.0 | 0.00 | 100.0 | 0 | 29.23 | 24.75 | -11.67 |
| 20Q4 (5) | 0.63 | 142.31 | 28.57 | 28.24 | 15.36 | 7.5 | 13.50 | 96.51 | 29.56 | 12.92 | 119.35 | 24.47 | 10.25 | 122.34 | 22.75 | 4.40 | 140.44 | 29.79 | 2.74 | 132.2 | 25.11 | 0.26 | 8.33 | 4.0 | 20.63 | 39.02 | 6.34 | 64.12 | 0.0 | 7.62 | 104.08 | -9.49 | 4.08 | -4.08 | 72.79 | 0 | 23.43 | -12.15 | -3.94 |
| 20Q3 (4) | 0.26 | 966.67 | 0.0 | 24.48 | 26.58 | 0.0 | 6.87 | 583.8 | 0.0 | 5.89 | 929.58 | 0.0 | 4.61 | 894.83 | 0.0 | 1.83 | 1063.16 | 0.0 | 1.18 | 2460.0 | 0.0 | 0.24 | 20.0 | 0.0 | 14.84 | 35.53 | 0.0 | 64.12 | -0.2 | 0.0 | 115.00 | -42.5 | 0.0 | -15.00 | 85.0 | 0.0 | 26.67 | 0 | 0.0 |
| 20Q2 (3) | -0.03 | 72.73 | 0.0 | 19.34 | 1.26 | 0.0 | -1.42 | 55.62 | 0.0 | -0.71 | 77.74 | 0.0 | -0.58 | 76.8 | 0.0 | -0.19 | 74.32 | 0.0 | -0.05 | 87.5 | 0.0 | 0.20 | 5.26 | 0.0 | 10.95 | 20.46 | 0.0 | 64.25 | 11.45 | 0.0 | 200.00 | 100.0 | 0.0 | -100.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.11 | -122.45 | 0.0 | 19.10 | -27.29 | 0.0 | -3.20 | -130.71 | 0.0 | -3.19 | -130.73 | 0.0 | -2.50 | -129.94 | 0.0 | -0.74 | -121.83 | 0.0 | -0.40 | -118.26 | 0.0 | 0.19 | -24.0 | 0.0 | 9.09 | -53.14 | 0.0 | 57.65 | -3.24 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 33.09 | 35.67 | 0.0 |
| 19Q4 (1) | 0.49 | 0.0 | 0.0 | 26.27 | 0.0 | 0.0 | 10.42 | 0.0 | 0.0 | 10.38 | 0.0 | 0.0 | 8.35 | 0.0 | 0.0 | 3.39 | 0.0 | 0.0 | 2.19 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 19.40 | 0.0 | 0.0 | 59.58 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 24.39 | 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) | 1.81 | -18.47 | 27.21 | 2.22 | 9.40 | -6.56 | 6.67 | 1.45 | 9.08 | -16.24 | 7.33 | -15.36 | 10.80 | -19.04 | 7.73 | -16.07 | 1.03 | -0.96 | 16.11 | -9.34 | 39.50 | -14.22 | 103.70 | 11.73 | -3.70 | 0 | 0.14 | 6.01 | 28.35 | 9.04 |
| 2022 (9) | 2.22 | 13.27 | 26.62 | 3.46 | 10.06 | 27.99 | 6.58 | -18.8 | 10.84 | 47.89 | 8.66 | -1.14 | 13.34 | 6.38 | 9.21 | 12.04 | 1.04 | 14.29 | 17.77 | 11.76 | 46.05 | -6.5 | 92.81 | -13.31 | 7.19 | 0 | 0.14 | -34.05 | 26.00 | -5.11 |
| 2021 (8) | 1.96 | 161.33 | 25.73 | 10.15 | 7.86 | 59.11 | 8.10 | -13.27 | 7.33 | 57.3 | 8.76 | 138.04 | 12.54 | 147.34 | 8.22 | 143.2 | 0.91 | 7.06 | 15.90 | 9.43 | 49.25 | -23.19 | 107.07 | 0.16 | -7.07 | 0 | 0.20 | 51.23 | 27.40 | -2.49 |
| 2020 (7) | 0.75 | 63.04 | 23.36 | 6.28 | 4.94 | 58.33 | 9.34 | -3.09 | 4.66 | 50.81 | 3.68 | 66.52 | 5.07 | 61.98 | 3.38 | 51.57 | 0.85 | -3.41 | 14.53 | 9.41 | 64.12 | 7.62 | 106.90 | 6.9 | -6.90 | 0 | 0.14 | 98.1 | 28.10 | 2.89 |
| 2019 (6) | 0.46 | -52.58 | 21.98 | -4.89 | 3.12 | -35.67 | 9.64 | 24.16 | 3.09 | -42.35 | 2.21 | -46.75 | 3.13 | -50.94 | 2.23 | -46.65 | 0.88 | -6.38 | 13.28 | -2.35 | 59.58 | -4.84 | 100.00 | 9.86 | 0.00 | 0 | 0.07 | -47.71 | 27.31 | 7.77 |
| 2018 (5) | 0.97 | -37.01 | 23.11 | -10.25 | 4.85 | -28.04 | 7.76 | 3.87 | 5.36 | -26.78 | 4.15 | -35.66 | 6.38 | -37.39 | 4.18 | -34.17 | 0.94 | 0.0 | 13.60 | -11.05 | 62.61 | -1.17 | 91.03 | -1.47 | 8.97 | 17.79 | 0.13 | 0 | 25.34 | -1.48 |
| 2017 (4) | 1.54 | 670.0 | 25.75 | 10.23 | 6.74 | 53.88 | 7.47 | -4.37 | 7.32 | 258.82 | 6.45 | 632.95 | 10.19 | 633.09 | 6.35 | 438.14 | 0.94 | 3.3 | 15.29 | 46.04 | 63.35 | -14.08 | 92.38 | -57.6 | 7.62 | 0 | 0.00 | 0 | 25.72 | 0.08 |
| 2016 (3) | 0.20 | -74.36 | 23.36 | -3.19 | 4.38 | -15.28 | 7.81 | -2.01 | 2.04 | -59.2 | 0.88 | -73.89 | 1.39 | -73.47 | 1.18 | -65.7 | 0.91 | 5.81 | 10.47 | -24.68 | 73.73 | -4.07 | 217.86 | 108.65 | -117.86 | 0 | 0.00 | 0 | 25.70 | 1.34 |
| 2015 (2) | 0.78 | -60.41 | 24.13 | -9.46 | 5.17 | -25.5 | 7.97 | 17.94 | 5.00 | -35.9 | 3.37 | -53.39 | 5.24 | -61.5 | 3.44 | -53.7 | 0.86 | -8.51 | 13.90 | -11.07 | 76.86 | -7.02 | 104.41 | 17.07 | -2.94 | 0 | 0.00 | 0 | 25.36 | 7.91 |
| 2014 (1) | 1.97 | 0 | 26.65 | 0 | 6.94 | 0 | 6.76 | -16.12 | 7.80 | 0 | 7.23 | 0 | 13.61 | 0 | 7.43 | 0 | 0.94 | 1.08 | 15.63 | 130.19 | 82.66 | -34.06 | 89.19 | 0 | 10.81 | -96.04 | 0.00 | 0 | 23.50 | -4.86 |
