- 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) | 0.53 | -30.26 | -5.36 | 19.47 | -21.21 | -15.31 | 14.72 | -24.97 | -13.82 | 16.97 | -25.64 | -11.89 | 13.80 | -25.77 | -11.54 | 3.30 | -27.95 | -5.44 | 1.49 | -29.05 | -8.02 | 0.11 | 0.0 | 10.0 | 29.60 | -14.8 | -7.87 | 115.24 | -11.18 | 5.16 | 86.79 | 0.81 | -1.81 | 13.21 | -5.03 | 13.79 | 9.90 | 9.27 | 1.12 |
| 24Q2 (19) | 0.76 | 18.75 | 7.04 | 24.71 | 17.28 | -2.45 | 19.62 | 19.13 | -4.57 | 22.82 | 26.01 | 2.61 | 18.59 | 27.68 | 3.51 | 4.58 | 21.49 | 5.53 | 2.10 | 16.02 | 2.44 | 0.11 | -8.33 | 0.0 | 34.74 | 19.42 | 2.93 | 129.75 | 21.68 | 6.5 | 86.09 | -5.88 | -6.73 | 13.91 | 49.5 | 80.79 | 9.06 | 7.35 | 3.07 |
| 24Q1 (18) | 0.64 | 48.84 | -5.88 | 21.07 | 21.79 | -7.02 | 16.47 | 34.23 | -10.25 | 18.11 | 34.25 | -6.12 | 14.56 | 33.21 | -6.0 | 3.77 | 43.89 | -8.27 | 1.81 | 44.8 | -9.95 | 0.12 | 9.09 | -7.69 | 29.09 | 14.03 | -1.76 | 106.63 | -3.26 | 3.86 | 91.47 | 0.74 | -3.64 | 9.30 | 1.16 | 83.39 | 8.44 | -18.69 | 5.24 |
| 23Q4 (17) | 0.43 | -23.21 | 2.38 | 17.30 | -24.75 | -5.93 | 12.27 | -28.16 | -6.05 | 13.49 | -29.96 | -1.75 | 10.93 | -29.94 | -0.82 | 2.62 | -24.93 | 0.38 | 1.25 | -22.84 | -0.79 | 0.11 | 10.0 | 0.0 | 25.51 | -20.6 | -1.01 | 110.22 | 0.57 | 3.56 | 90.80 | 2.73 | -4.71 | 9.20 | -20.78 | 95.4 | 10.38 | 6.03 | 6.79 |
| 23Q3 (16) | 0.56 | -21.13 | -8.2 | 22.99 | -9.24 | -3.0 | 17.08 | -16.93 | -5.95 | 19.26 | -13.4 | -6.09 | 15.60 | -13.14 | -6.98 | 3.49 | -19.59 | -10.74 | 1.62 | -20.98 | -11.96 | 0.10 | -9.09 | -9.09 | 32.13 | -4.8 | -2.1 | 109.59 | -10.05 | 2.72 | 88.39 | -4.24 | -0.04 | 11.61 | 50.89 | 0.32 | 9.79 | 11.38 | -1.9 |
| 23Q2 (15) | 0.71 | 4.41 | 10.94 | 25.33 | 11.78 | 8.57 | 20.56 | 12.04 | 10.6 | 22.24 | 15.29 | 22.4 | 17.96 | 15.95 | 24.64 | 4.34 | 5.6 | 15.73 | 2.05 | 1.99 | 16.48 | 0.11 | -15.38 | -8.33 | 33.75 | 13.98 | 16.18 | 121.83 | 18.66 | 3.17 | 92.31 | -2.76 | -9.96 | 7.69 | 51.65 | 405.13 | 8.79 | 9.6 | 1.62 |
| 23Q1 (14) | 0.68 | 61.9 | -5.56 | 22.66 | 23.22 | -3.57 | 18.35 | 40.51 | -3.17 | 19.29 | 40.5 | -1.98 | 15.49 | 40.56 | -2.02 | 4.11 | 57.47 | -4.86 | 2.01 | 59.52 | -1.95 | 0.13 | 18.18 | 0.0 | 29.61 | 14.9 | -1.6 | 102.67 | -3.53 | -5.69 | 94.93 | -0.38 | -1.36 | 5.07 | 7.79 | 34.93 | 8.02 | -17.49 | -5.54 |
| 22Q4 (13) | 0.42 | -31.15 | 13.51 | 18.39 | -22.41 | 7.23 | 13.06 | -28.08 | 17.98 | 13.73 | -33.06 | 18.26 | 11.02 | -34.29 | 17.86 | 2.61 | -33.25 | 12.5 | 1.26 | -31.52 | 17.76 | 0.11 | 0.0 | 0.0 | 25.77 | -21.48 | 11.37 | 106.43 | -0.24 | -6.89 | 95.29 | 7.76 | -0.37 | 4.71 | -59.33 | 8.24 | 9.72 | -2.61 | -10.25 |
| 22Q3 (12) | 0.61 | -4.69 | 7.02 | 23.70 | 1.59 | -1.41 | 18.16 | -2.31 | -3.56 | 20.51 | 12.88 | 2.45 | 16.77 | 16.38 | 3.58 | 3.91 | 4.27 | 12.36 | 1.84 | 4.55 | 12.2 | 0.11 | -8.33 | 10.0 | 32.82 | 12.98 | -0.39 | 106.69 | -9.65 | -11.16 | 88.43 | -13.74 | -6.16 | 11.57 | 558.95 | 100.55 | 9.98 | 15.38 | -2.92 |
| 22Q2 (11) | 0.64 | -11.11 | -9.86 | 23.33 | -0.72 | -6.61 | 18.59 | -1.9 | -7.37 | 18.17 | -7.67 | -11.06 | 14.41 | -8.86 | -12.19 | 3.75 | -13.19 | -4.82 | 1.76 | -14.15 | -7.37 | 0.12 | -7.69 | 0.0 | 29.05 | -3.46 | -8.62 | 118.09 | 8.48 | 11.52 | 102.52 | 6.53 | 4.27 | -2.52 | -167.06 | -250.0 | 8.65 | 1.88 | -7.78 |
| 22Q1 (10) | 0.72 | 94.59 | 5.88 | 23.50 | 37.03 | 2.84 | 18.95 | 71.18 | 4.75 | 19.68 | 69.51 | 5.52 | 15.81 | 69.09 | 4.77 | 4.32 | 86.21 | 10.2 | 2.05 | 91.59 | 10.22 | 0.13 | 18.18 | 8.33 | 30.09 | 30.03 | 2.45 | 108.86 | -4.77 | 0.3 | 96.24 | 0.62 | -1.13 | 3.76 | -13.53 | 41.6 | 8.49 | -21.61 | -6.7 |
| 21Q4 (9) | 0.37 | -35.09 | -7.5 | 17.15 | -28.66 | -16.95 | 11.07 | -41.21 | -9.19 | 11.61 | -42.01 | -4.68 | 9.35 | -42.25 | -4.3 | 2.32 | -33.33 | -2.52 | 1.07 | -34.76 | -4.46 | 0.11 | 10.0 | 0.0 | 23.14 | -29.77 | 0.04 | 114.31 | -4.81 | 1.24 | 95.65 | 1.51 | -4.35 | 4.35 | -24.64 | 0 | 10.83 | 5.35 | 13.88 |
| 21Q3 (8) | 0.57 | -19.72 | -12.31 | 24.04 | -3.76 | -9.21 | 18.83 | -6.18 | -6.97 | 20.02 | -2.01 | -4.53 | 16.19 | -1.34 | -6.52 | 3.48 | -11.68 | -12.78 | 1.64 | -13.68 | -10.38 | 0.10 | -16.67 | -9.09 | 32.95 | 3.65 | 2.74 | 120.09 | 13.41 | 6.61 | 94.23 | -4.16 | -3.0 | 5.77 | 243.27 | 51.44 | 10.28 | 9.59 | -14.69 |
| 21Q2 (7) | 0.71 | 4.41 | -6.58 | 24.98 | 9.32 | -3.63 | 20.07 | 10.95 | -5.55 | 20.43 | 9.54 | -7.64 | 16.41 | 8.75 | -7.39 | 3.94 | 0.51 | -17.92 | 1.90 | 2.15 | -12.84 | 0.12 | 0.0 | 0.0 | 31.79 | 8.24 | 1.31 | 105.89 | -2.43 | -14.13 | 98.32 | 1.0 | 2.32 | 1.68 | -36.69 | -56.97 | 9.38 | 3.08 | 0 |
| 21Q1 (6) | 0.68 | 70.0 | 3.03 | 22.85 | 10.65 | 11.95 | 18.09 | 48.4 | 8.98 | 18.65 | 53.12 | 22.7 | 15.09 | 54.45 | 27.34 | 3.92 | 64.71 | 2.35 | 1.86 | 66.07 | 7.51 | 0.12 | 9.09 | -20.0 | 29.37 | 26.98 | 27.42 | 108.53 | -3.88 | -8.0 | 97.35 | -2.65 | -10.41 | 2.65 | 0 | 127.61 | 9.10 | -4.31 | 10.57 |
| 20Q4 (5) | 0.40 | -38.46 | -66.39 | 20.65 | -22.02 | -25.4 | 12.19 | -39.77 | -47.18 | 12.18 | -41.92 | -47.55 | 9.77 | -43.59 | -47.67 | 2.38 | -40.35 | -67.22 | 1.12 | -38.8 | -64.56 | 0.11 | 0.0 | -35.29 | 23.13 | -27.88 | -22.3 | 112.91 | 0.24 | -9.89 | 100.00 | 2.94 | 0.56 | 0.00 | -100.0 | -100.0 | 9.51 | -21.08 | 32.27 |
| 20Q3 (4) | 0.65 | -14.47 | 0.0 | 26.48 | 2.16 | 0.0 | 20.24 | -4.75 | 0.0 | 20.97 | -5.2 | 0.0 | 17.32 | -2.26 | 0.0 | 3.99 | -16.87 | 0.0 | 1.83 | -16.06 | 0.0 | 0.11 | -8.33 | 0.0 | 32.07 | 2.2 | 0.0 | 112.64 | -8.66 | 0.0 | 97.14 | 1.09 | 0.0 | 3.81 | -2.48 | 0.0 | 12.05 | 0 | 0.0 |
| 20Q2 (3) | 0.76 | 15.15 | 0.0 | 25.92 | 27.0 | 0.0 | 21.25 | 28.01 | 0.0 | 22.12 | 45.53 | 0.0 | 17.72 | 49.54 | 0.0 | 4.80 | 25.33 | 0.0 | 2.18 | 26.01 | 0.0 | 0.12 | -20.0 | 0.0 | 31.38 | 36.14 | 0.0 | 123.32 | 4.54 | 0.0 | 96.09 | -11.56 | 0.0 | 3.91 | 140.62 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.66 | -44.54 | 0.0 | 20.41 | -26.26 | 0.0 | 16.60 | -28.08 | 0.0 | 15.20 | -34.54 | 0.0 | 11.85 | -36.53 | 0.0 | 3.83 | -47.25 | 0.0 | 1.73 | -45.25 | 0.0 | 0.15 | -11.76 | 0.0 | 23.05 | -22.57 | 0.0 | 117.97 | -5.85 | 0.0 | 108.65 | 9.26 | 0.0 | -9.62 | -1830.77 | 0.0 | 8.23 | 14.46 | 0.0 |
| 19Q4 (1) | 1.19 | 0.0 | 0.0 | 27.68 | 0.0 | 0.0 | 23.08 | 0.0 | 0.0 | 23.22 | 0.0 | 0.0 | 18.67 | 0.0 | 0.0 | 7.26 | 0.0 | 0.0 | 3.16 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 29.77 | 0.0 | 0.0 | 125.30 | 0.0 | 0.0 | 99.44 | 0.0 | 0.0 | 0.56 | 0.0 | 0.0 | 7.19 | 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) | 2.38 | 5.31 | 22.07 | -0.85 | 17.10 | -0.81 | 11.42 | 2.34 | 18.57 | 2.94 | 15.00 | 3.38 | 14.48 | -0.48 | 6.95 | 0.29 | 0.46 | -4.17 | 30.16 | 2.52 | 110.22 | 3.56 | 92.08 | -3.7 | 7.92 | 80.9 | 0.09 | -4.11 | 9.20 | 0.22 |
| 2022 (9) | 2.26 | 2.26 | 22.26 | 0.32 | 17.24 | 1.71 | 11.16 | -1.33 | 18.04 | 2.5 | 14.51 | 2.18 | 14.55 | 4.68 | 6.93 | 6.45 | 0.48 | 4.35 | 29.42 | 0.65 | 106.43 | -6.89 | 95.62 | -0.7 | 4.38 | 18.16 | 0.09 | -5.2 | 9.18 | -7.09 |
| 2021 (8) | 2.21 | -8.3 | 22.19 | -4.23 | 16.95 | -3.14 | 11.31 | 20.49 | 17.60 | 0.74 | 14.20 | 1.36 | 13.90 | -6.65 | 6.51 | -4.41 | 0.46 | -6.12 | 29.23 | 7.78 | 114.31 | 1.24 | 96.30 | -3.94 | 3.70 | 0 | 0.10 | -57.3 | 9.88 | 1.54 |
| 2020 (7) | 2.41 | -19.4 | 23.17 | 4.79 | 17.50 | 0.0 | 9.39 | 22.51 | 17.47 | -5.05 | 14.01 | -5.97 | 14.89 | -17.96 | 6.81 | -15.51 | 0.49 | -9.26 | 27.12 | 3.35 | 112.91 | -9.89 | 100.25 | 5.38 | -0.25 | 0 | 0.23 | -12.11 | 9.73 | 14.34 |
| 2019 (6) | 2.99 | 50.25 | 22.11 | 11.61 | 17.50 | 16.51 | 7.66 | -8.31 | 18.40 | 17.42 | 14.90 | 17.42 | 18.15 | 44.16 | 8.06 | 41.4 | 0.54 | 20.0 | 26.24 | 8.52 | 125.30 | 0.02 | 95.13 | -0.9 | 4.87 | 21.68 | 0.26 | 62.45 | 8.51 | -13.52 |
| 2018 (5) | 1.99 | 15.03 | 19.81 | 0.41 | 15.02 | 4.38 | 8.36 | -3.24 | 15.67 | 1.62 | 12.69 | -0.7 | 12.59 | 11.12 | 5.70 | 6.54 | 0.45 | 7.14 | 24.18 | -0.41 | 125.27 | 7.45 | 96.00 | 2.86 | 4.00 | -40.0 | 0.16 | 0 | 9.84 | -12.84 |
| 2017 (4) | 1.73 | 23.57 | 19.73 | 2.18 | 14.39 | 9.51 | 8.64 | -0.33 | 15.42 | 9.59 | 12.78 | 10.84 | 11.33 | 19.89 | 5.35 | 11.0 | 0.42 | 0.0 | 24.28 | 5.38 | 116.58 | 9.03 | 93.33 | 0.0 | 6.67 | 0.0 | 0.00 | 0 | 11.29 | -8.66 |
| 2016 (3) | 1.40 | 12.0 | 19.31 | 20.61 | 13.14 | 22.35 | 8.66 | 18.55 | 14.07 | 22.67 | 11.53 | 21.24 | 9.45 | 10.66 | 4.82 | 0.42 | 0.42 | -16.0 | 23.04 | 21.33 | 106.92 | 26.11 | 93.33 | -0.16 | 6.67 | 2.22 | 0.00 | 0 | 12.36 | 14.55 |
| 2015 (2) | 1.25 | 9.65 | 16.01 | 38.61 | 10.74 | 42.25 | 7.31 | 32.64 | 11.47 | 40.56 | 9.51 | 40.47 | 8.54 | 8.24 | 4.80 | 1.05 | 0.50 | -28.57 | 18.99 | 36.62 | 84.78 | 18.72 | 93.48 | 0.72 | 6.52 | -16.22 | 0.00 | 0 | 10.79 | 35.38 |
| 2014 (1) | 1.14 | -8.06 | 11.55 | 0 | 7.55 | 0 | 5.51 | 4.68 | 8.16 | 0 | 6.77 | 0 | 7.89 | 0 | 4.75 | 0 | 0.70 | -2.78 | 13.90 | -4.53 | 71.41 | 17.86 | 92.81 | -2.82 | 7.78 | 73.2 | 0.00 | 0 | 7.97 | -0.99 |
