- 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) | 0.71 | 22.41 | -7.79 | 24.41 | 17.19 | 1.45 | 18.19 | 29.1 | 5.21 | 15.97 | 12.39 | -9.98 | 12.78 | 10.75 | -11.37 | 4.25 | 26.87 | -5.97 | 1.94 | 20.5 | -13.78 | 0.14 | 7.69 | -6.67 | 26.40 | 4.06 | -6.68 | 129.33 | -7.96 | 15.17 | 113.89 | 13.89 | 16.91 | -13.89 | -1308.33 | -637.04 | 9.94 | -10.29 | -7.36 |
| 24Q2 (19) | 0.58 | 41.46 | 75.76 | 20.83 | 9.57 | 65.71 | 14.09 | 17.71 | 108.74 | 14.21 | 30.73 | 142.08 | 11.54 | 32.8 | 90.12 | 3.35 | 47.58 | 81.08 | 1.61 | 35.29 | 54.81 | 0.13 | 8.33 | -13.33 | 25.37 | 11.81 | 57.97 | 140.51 | 26.29 | 18.36 | 100.00 | -10.14 | -13.33 | 1.15 | 111.88 | 107.47 | 11.08 | 1.09 | 17.0 |
| 24Q1 (18) | 0.41 | -6.82 | -47.44 | 19.01 | -12.4 | -8.21 | 11.97 | -11.73 | -26.02 | 10.87 | -13.18 | -29.09 | 8.69 | -0.46 | -28.0 | 2.27 | -8.84 | -47.09 | 1.19 | -9.85 | -48.71 | 0.12 | -7.69 | -33.33 | 22.69 | -4.54 | -4.78 | 111.26 | 0.78 | 24.62 | 111.29 | 1.9 | 6.07 | -9.68 | -22.58 | -68.66 | 10.96 | -10.24 | 31.57 |
| 23Q4 (17) | 0.44 | -42.86 | -61.4 | 21.70 | -9.81 | -13.03 | 13.56 | -21.57 | -29.81 | 12.52 | -29.43 | -32.47 | 8.73 | -39.46 | -42.11 | 2.49 | -44.91 | -62.61 | 1.32 | -41.33 | -59.63 | 0.13 | -13.33 | -38.1 | 23.77 | -15.98 | -7.69 | 110.40 | -1.68 | 5.5 | 109.21 | 12.11 | 4.94 | -7.89 | -405.26 | -93.98 | 12.21 | 13.79 | 46.75 |
| 23Q3 (16) | 0.77 | 133.33 | -44.2 | 24.06 | 91.41 | -13.45 | 17.29 | 156.15 | -20.8 | 17.74 | 202.21 | -24.48 | 14.42 | 137.56 | -23.18 | 4.52 | 144.32 | -48.17 | 2.25 | 116.35 | -42.89 | 0.15 | 0.0 | -25.0 | 28.29 | 76.15 | -8.09 | 112.29 | -5.41 | -7.58 | 97.41 | -15.57 | 4.87 | 2.59 | 116.81 | -63.62 | 10.73 | 13.31 | 33.13 |
| 23Q2 (15) | 0.33 | -57.69 | -17.5 | 12.57 | -39.3 | -7.71 | 6.75 | -58.28 | -17.58 | 5.87 | -61.71 | -25.98 | 6.07 | -49.71 | -28.42 | 1.85 | -56.88 | -26.0 | 1.04 | -55.17 | -14.75 | 0.15 | -16.67 | 15.38 | 16.06 | -32.61 | -15.3 | 118.71 | 32.96 | -12.78 | 115.38 | 9.98 | 12.93 | -15.38 | -168.13 | -607.69 | 9.47 | 13.69 | 7.74 |
| 23Q1 (14) | 0.78 | -31.58 | 766.67 | 20.71 | -16.99 | 125.85 | 16.18 | -16.25 | 423.62 | 15.33 | -17.31 | 437.89 | 12.07 | -19.96 | 429.39 | 4.29 | -35.59 | 741.18 | 2.32 | -29.05 | 625.0 | 0.18 | -14.29 | 80.0 | 23.83 | -7.46 | 45.48 | 89.28 | -14.68 | -22.29 | 104.92 | 0.82 | -2.58 | -5.74 | -40.98 | 25.41 | 8.33 | 0.12 | -28.56 |
| 22Q4 (13) | 1.14 | -17.39 | 11300.0 | 24.95 | -10.25 | 124.57 | 19.32 | -11.5 | 390.36 | 18.54 | -21.07 | 395.72 | 15.08 | -19.66 | 5932.0 | 6.66 | -23.62 | 11000.0 | 3.27 | -17.01 | 2625.0 | 0.21 | 5.0 | 90.91 | 25.75 | -16.34 | 54.47 | 104.64 | -13.88 | -9.83 | 104.07 | 12.03 | -1.41 | -4.07 | -157.25 | 26.74 | 8.32 | 3.23 | -19.85 |
| 22Q3 (12) | 1.38 | 245.0 | 187.5 | 27.80 | 104.11 | 69.93 | 21.83 | 166.54 | 108.9 | 23.49 | 196.22 | 96.4 | 18.77 | 121.34 | 90.37 | 8.72 | 248.8 | 211.43 | 3.94 | 222.95 | 177.46 | 0.20 | 53.85 | 42.86 | 30.78 | 62.34 | 43.3 | 121.50 | -10.73 | 6.66 | 92.89 | -9.09 | 6.38 | 7.11 | 427.01 | -43.92 | 8.06 | -8.3 | -10.54 |
| 22Q2 (11) | 0.40 | 344.44 | -33.33 | 13.62 | 48.53 | -47.07 | 8.19 | 165.05 | -57.03 | 7.93 | 178.25 | -46.2 | 8.48 | 271.93 | -39.77 | 2.50 | 390.2 | -27.95 | 1.22 | 281.25 | -29.48 | 0.13 | 30.0 | 8.33 | 18.96 | 15.75 | -23.86 | 136.10 | 18.46 | 29.24 | 102.17 | -5.12 | -21.56 | -2.17 | 71.74 | 92.49 | 8.79 | -24.61 | -15.72 |
| 22Q1 (10) | 0.09 | 800.0 | -70.97 | 9.17 | -17.46 | -53.52 | 3.09 | -21.57 | -74.82 | 2.85 | -23.8 | -75.47 | 2.28 | 812.0 | -75.43 | 0.51 | 750.0 | -72.58 | 0.32 | 166.67 | -65.59 | 0.10 | -9.09 | 11.11 | 16.38 | -1.74 | -32.65 | 114.89 | -1.0 | 1.25 | 107.69 | 2.02 | 3.3 | -7.69 | -38.46 | -20.51 | 11.66 | 12.33 | -14.14 |
| 21Q4 (9) | 0.01 | -97.92 | -97.3 | 11.11 | -32.09 | -45.14 | 3.94 | -62.3 | -67.06 | 3.74 | -68.73 | -68.78 | 0.25 | -97.46 | -97.39 | 0.06 | -97.86 | -97.42 | 0.12 | -91.55 | -89.19 | 0.11 | -21.43 | 0.0 | 16.67 | -22.39 | -25.94 | 116.05 | 1.88 | -1.58 | 105.56 | 20.88 | 5.56 | -5.56 | -143.83 | 0 | 10.38 | 15.21 | -20.7 |
| 21Q3 (8) | 0.48 | -20.0 | -11.11 | 16.36 | -36.42 | -31.86 | 10.45 | -45.17 | -33.78 | 11.96 | -18.86 | -27.52 | 9.86 | -29.97 | -26.36 | 2.80 | -19.31 | -22.01 | 1.42 | -17.92 | -10.13 | 0.14 | 16.67 | 16.67 | 21.48 | -13.73 | -8.67 | 113.91 | 8.17 | -10.69 | 87.32 | -32.96 | -8.14 | 12.68 | 143.79 | 156.69 | 9.01 | -13.61 | -31.43 |
| 21Q2 (7) | 0.60 | 93.55 | 172.73 | 25.73 | 30.41 | 37.89 | 19.06 | 55.34 | 28.18 | 14.74 | 26.85 | 245.2 | 14.08 | 51.72 | 147.89 | 3.47 | 86.56 | 137.67 | 1.73 | 86.02 | 158.21 | 0.12 | 33.33 | 0.0 | 24.90 | 2.38 | 111.02 | 105.31 | -7.19 | -22.67 | 130.26 | 24.95 | -62.24 | -28.95 | -353.51 | 88.18 | 10.43 | -23.2 | 0 |
| 21Q1 (6) | 0.31 | -16.22 | -16.22 | 19.73 | -2.57 | -2.38 | 12.27 | 2.59 | -12.42 | 11.62 | -3.01 | -14.81 | 9.28 | -3.03 | -14.47 | 1.86 | -20.17 | -24.08 | 0.93 | -16.22 | -23.14 | 0.09 | -18.18 | -18.18 | 24.32 | 8.04 | 9.06 | 113.47 | -3.77 | 4.26 | 104.26 | 4.26 | 2.46 | -6.38 | 0 | -81.91 | 13.58 | 3.74 | 0 |
| 20Q4 (5) | 0.37 | -31.48 | 5.71 | 20.25 | -15.66 | 5.97 | 11.96 | -24.21 | -2.69 | 11.98 | -27.39 | -1.07 | 9.57 | -28.53 | -1.03 | 2.33 | -35.1 | -0.85 | 1.11 | -29.75 | -7.5 | 0.11 | -8.33 | -8.33 | 22.51 | -4.29 | 2.93 | 117.91 | -7.56 | 8.38 | 100.00 | 5.19 | -1.85 | 0.00 | -100.0 | 100.0 | 13.09 | -0.38 | 11.21 |
| 20Q3 (4) | 0.54 | 145.45 | 0.0 | 24.01 | 28.67 | 0.0 | 15.78 | 6.12 | 0.0 | 16.50 | 286.42 | 0.0 | 13.39 | 135.74 | 0.0 | 3.59 | 145.89 | 0.0 | 1.58 | 135.82 | 0.0 | 0.12 | 0.0 | 0.0 | 23.52 | 99.32 | 0.0 | 127.55 | -6.34 | 0.0 | 95.06 | -72.45 | 0.0 | 4.94 | 102.02 | 0.0 | 13.14 | 0 | 0.0 |
| 20Q2 (3) | 0.22 | -40.54 | 0.0 | 18.66 | -7.67 | 0.0 | 14.87 | 6.14 | 0.0 | 4.27 | -68.7 | 0.0 | 5.68 | -47.65 | 0.0 | 1.46 | -40.41 | 0.0 | 0.67 | -44.63 | 0.0 | 0.12 | 9.09 | 0.0 | 11.80 | -47.09 | 0.0 | 136.18 | 25.13 | 0.0 | 345.00 | 239.05 | 0.0 | -245.00 | -6882.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.37 | 5.71 | 0.0 | 20.21 | 5.76 | 0.0 | 14.01 | 14.0 | 0.0 | 13.64 | 12.63 | 0.0 | 10.85 | 12.2 | 0.0 | 2.45 | 4.26 | 0.0 | 1.21 | 0.83 | 0.0 | 0.11 | -8.33 | 0.0 | 22.30 | 1.97 | 0.0 | 108.83 | 0.04 | 0.0 | 101.75 | -0.13 | 0.0 | -3.51 | -85.96 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 19.11 | 0.0 | 0.0 | 12.29 | 0.0 | 0.0 | 12.11 | 0.0 | 0.0 | 9.67 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 1.20 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 21.87 | 0.0 | 0.0 | 108.79 | 0.0 | 0.0 | 101.89 | 0.0 | 0.0 | -1.89 | 0.0 | 0.0 | 11.77 | 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) | 2.32 | -22.92 | 19.76 | -6.08 | 13.57 | -11.13 | 8.72 | 8.04 | 12.98 | -15.99 | 10.43 | -18.96 | 13.03 | -25.29 | 6.84 | -22.01 | 0.60 | -7.69 | 23.00 | -6.12 | 110.40 | 5.5 | 104.53 | 5.73 | -4.53 | 0 | 0.00 | 0 | 10.06 | 13.42 |
| 2022 (9) | 3.01 | 116.55 | 21.04 | 15.54 | 15.27 | 33.01 | 8.07 | -20.92 | 15.45 | 45.34 | 12.87 | 50.88 | 17.44 | 106.39 | 8.77 | 108.81 | 0.65 | 41.3 | 24.50 | 12.54 | 104.64 | -9.83 | 98.87 | -8.47 | 1.13 | 0 | 0.00 | 0 | 8.87 | -16.56 |
| 2021 (8) | 1.39 | -6.71 | 18.21 | -12.58 | 11.48 | -18.98 | 10.21 | 29.78 | 10.63 | -8.36 | 8.53 | -13.75 | 8.45 | -11.61 | 4.20 | -9.29 | 0.46 | 2.22 | 21.77 | 8.74 | 116.05 | -1.58 | 108.02 | -11.43 | -8.02 | 0 | 0.02 | -1.81 | 10.63 | -5.68 |
| 2020 (7) | 1.49 | 24.17 | 20.83 | 14.39 | 14.17 | 27.31 | 7.87 | -18.32 | 11.60 | 3.29 | 9.89 | 9.77 | 9.56 | 16.59 | 4.63 | 5.47 | 0.45 | -4.26 | 20.02 | -6.49 | 117.91 | 8.38 | 121.96 | 23.31 | -21.96 | 0 | 0.02 | 0 | 11.27 | 0.36 |
| 2019 (6) | 1.20 | 0.84 | 18.21 | 10.77 | 11.13 | 14.39 | 9.63 | 14.23 | 11.23 | 14.01 | 9.01 | 15.66 | 8.20 | 5.53 | 4.39 | -9.3 | 0.47 | -20.34 | 21.41 | 13.04 | 108.79 | 38.55 | 98.91 | 0.05 | 1.09 | -4.37 | 0.00 | 0 | 11.23 | 29.08 |
| 2018 (5) | 1.19 | 20.2 | 16.44 | 9.24 | 9.73 | 15.15 | 8.43 | -4.73 | 9.85 | 15.07 | 7.79 | 10.03 | 7.77 | 17.37 | 4.84 | 12.3 | 0.59 | 5.36 | 18.94 | 3.78 | 78.52 | 29.21 | 98.86 | 0.3 | 1.14 | -20.57 | 0.03 | 0 | 8.70 | -3.44 |
| 2017 (4) | 0.99 | 23.75 | 15.05 | -15.78 | 8.45 | -7.45 | 8.85 | -19.24 | 8.56 | 1.06 | 7.08 | 0.43 | 6.62 | 18.21 | 4.31 | 19.06 | 0.56 | 21.74 | 18.25 | -11.19 | 60.77 | -16.25 | 98.56 | -8.83 | 1.44 | 0 | 0.00 | 0 | 9.01 | -29.88 |
| 2016 (3) | 0.80 | 2.56 | 17.87 | 14.4 | 9.13 | 0.66 | 10.96 | -22.36 | 8.47 | 2.05 | 7.05 | 8.8 | 5.60 | 4.28 | 3.62 | 3.43 | 0.46 | -2.13 | 20.55 | -13.03 | 72.56 | 3.17 | 108.11 | -0.75 | -8.11 | 0 | 0.00 | 0 | 12.85 | 14.94 |
| 2015 (2) | 0.78 | -38.1 | 15.62 | -10.38 | 9.07 | -22.41 | 14.12 | 27.68 | 8.30 | -28.45 | 6.48 | -32.85 | 5.37 | -36.3 | 3.50 | -30.28 | 0.47 | -4.08 | 23.63 | 0.68 | 70.33 | -10.88 | 108.93 | 8.26 | -8.93 | 0 | 0.00 | 0 | 11.18 | 16.82 |
| 2014 (1) | 1.26 | 11.5 | 17.43 | 0 | 11.69 | 0 | 11.06 | 5.27 | 11.60 | 0 | 9.65 | 0 | 8.43 | 0 | 5.02 | 0 | 0.49 | -3.92 | 23.47 | 4.54 | 78.92 | 6.4 | 100.62 | 4.19 | -0.62 | 0 | 0.00 | 0 | 9.57 | -3.92 |
