- 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) | 2.27 | 23.37 | -1.73 | 33.42 | -0.06 | 9.11 | 21.49 | 7.45 | 4.63 | 21.53 | -2.67 | -6.19 | 17.11 | 3.26 | -4.73 | 6.70 | 10.56 | -23.69 | 4.22 | 18.21 | 1.2 | 0.24 | 14.29 | 9.09 | 25.37 | -4.26 | -4.52 | 56.23 | -18.27 | -49.3 | 100.00 | 10.5 | 11.44 | 0.00 | -100.0 | -100.0 | 18.73 | -7.41 | 1.3 |
| 24Q2 (19) | 1.84 | 27.78 | -20.69 | 33.44 | 25.15 | 12.9 | 20.00 | 63.13 | 10.01 | 22.12 | 16.79 | 9.18 | 16.57 | 2.86 | 4.35 | 6.06 | 23.93 | -37.27 | 3.57 | 26.15 | -20.67 | 0.21 | 23.53 | -25.0 | 26.50 | 9.01 | 14.37 | 68.80 | -14.01 | -45.53 | 90.50 | 39.44 | 0.76 | 9.50 | -72.93 | -6.74 | 20.23 | -10.64 | 26.6 |
| 24Q1 (18) | 1.44 | 260.0 | 1.41 | 26.72 | 15.67 | -6.44 | 12.26 | 50.61 | -27.71 | 18.94 | 299.58 | 15.91 | 16.11 | 300.75 | 23.45 | 4.89 | 249.29 | -20.62 | 2.83 | 225.29 | -8.41 | 0.17 | -5.56 | -26.09 | 24.31 | 148.57 | 20.41 | 80.01 | 1.79 | -30.41 | 64.90 | -61.77 | -37.46 | 35.10 | 148.69 | 1030.13 | 22.64 | -11.11 | 18.72 |
| 23Q4 (17) | 0.40 | -82.68 | -64.29 | 23.10 | -24.58 | -19.23 | 8.14 | -60.37 | -40.32 | 4.74 | -79.35 | -66.99 | 4.02 | -77.62 | -64.01 | 1.40 | -84.05 | -72.0 | 0.87 | -79.14 | -66.54 | 0.18 | -18.18 | -18.18 | 9.78 | -63.19 | -46.06 | 78.60 | -29.13 | -22.83 | 169.77 | 89.19 | 78.05 | -72.09 | -777.16 | -1650.0 | 25.47 | 37.75 | 6.79 |
| 23Q3 (16) | 2.31 | -0.43 | 124.27 | 30.63 | 3.41 | 13.99 | 20.54 | 12.98 | 58.49 | 22.95 | 13.28 | 46.83 | 17.96 | 13.1 | 48.18 | 8.78 | -9.11 | 81.4 | 4.17 | -7.33 | 64.82 | 0.22 | -21.43 | 10.0 | 26.57 | 14.67 | 33.92 | 110.91 | -12.19 | 13.7 | 89.73 | -0.09 | 7.86 | 10.65 | 4.49 | -36.65 | 18.49 | 15.71 | -5.28 |
| 23Q2 (15) | 2.32 | 63.38 | 236.23 | 29.62 | 3.71 | 10.07 | 18.18 | 7.19 | 59.47 | 20.26 | 23.99 | 67.3 | 15.88 | 21.69 | 66.81 | 9.66 | 56.82 | 186.65 | 4.50 | 45.63 | 151.4 | 0.28 | 21.74 | 55.56 | 23.17 | 14.76 | 37.75 | 126.31 | 9.85 | 30.1 | 89.81 | -13.45 | -4.12 | 10.19 | 370.0 | 60.98 | 15.98 | -16.2 | -19.7 |
| 23Q1 (14) | 1.42 | 26.79 | 173.08 | 28.56 | -0.14 | 2.22 | 16.96 | 24.34 | 78.15 | 16.34 | 13.79 | 38.24 | 13.05 | 16.83 | 49.83 | 6.16 | 23.2 | 144.44 | 3.09 | 18.85 | 119.15 | 0.23 | 4.55 | 43.75 | 20.19 | 11.36 | 14.91 | 114.98 | 12.89 | 26.39 | 103.77 | 8.84 | 28.19 | -3.77 | -181.13 | -119.81 | 19.07 | -20.04 | -24.8 |
| 22Q4 (13) | 1.12 | 8.74 | 229.41 | 28.60 | 6.44 | 12.24 | 13.64 | 5.25 | 57.69 | 14.36 | -8.13 | 93.79 | 11.17 | -7.84 | 113.17 | 5.00 | 3.31 | 204.88 | 2.60 | 2.77 | 176.6 | 0.22 | 10.0 | 29.41 | 18.13 | -8.62 | 42.64 | 101.85 | 4.41 | 25.68 | 95.35 | 14.61 | -18.0 | 4.65 | -72.33 | 128.57 | 23.85 | 22.18 | -14.36 |
| 22Q3 (12) | 1.03 | 49.28 | 98.08 | 26.87 | -0.15 | -6.08 | 12.96 | 13.68 | 10.67 | 15.63 | 29.07 | 41.96 | 12.12 | 27.31 | 44.46 | 4.84 | 43.62 | 89.8 | 2.53 | 41.34 | 82.01 | 0.20 | 11.11 | 25.0 | 19.84 | 17.95 | 20.32 | 97.55 | 0.47 | 7.29 | 83.19 | -11.19 | -21.93 | 16.81 | 165.55 | 356.3 | 19.52 | -1.91 | -9.88 |
| 22Q2 (11) | 0.69 | 32.69 | 15.0 | 26.91 | -3.69 | -5.15 | 11.40 | 19.75 | -13.44 | 12.11 | 2.45 | 16.0 | 9.52 | 9.3 | 4.39 | 3.37 | 33.73 | 13.47 | 1.79 | 26.95 | 11.87 | 0.18 | 12.5 | 5.88 | 16.82 | -4.27 | 7.48 | 97.09 | 6.73 | 4.22 | 93.67 | 15.71 | -25.79 | 6.33 | -66.77 | 124.13 | 19.90 | -21.53 | -0.25 |
| 22Q1 (10) | 0.52 | 52.94 | 160.0 | 27.94 | 9.65 | 18.34 | 9.52 | 10.06 | 28.82 | 11.82 | 59.51 | 100.68 | 8.71 | 66.22 | 139.94 | 2.52 | 53.66 | 154.55 | 1.41 | 50.0 | 138.98 | 0.16 | -5.88 | 6.67 | 17.57 | 38.24 | 45.21 | 90.97 | 12.25 | -1.23 | 80.95 | -30.38 | -34.36 | 19.05 | 217.01 | 171.43 | 25.36 | -8.94 | 13.37 |
| 21Q4 (9) | 0.34 | -34.62 | 100.0 | 25.48 | -10.94 | 11.95 | 8.65 | -26.13 | 0.23 | 7.41 | -32.7 | 25.59 | 5.24 | -37.54 | 118.33 | 1.64 | -35.69 | 110.26 | 0.94 | -32.37 | 95.83 | 0.17 | 6.25 | 0.0 | 12.71 | -22.92 | 14.92 | 81.04 | -10.87 | 0.24 | 116.28 | 9.12 | -21.02 | -16.28 | -148.26 | 65.53 | 27.85 | 28.58 | 51.61 |
| 21Q3 (8) | 0.52 | -13.33 | 136.36 | 28.61 | 0.85 | 11.45 | 11.71 | -11.09 | 86.17 | 11.01 | 5.46 | 121.98 | 8.39 | -8.0 | 84.4 | 2.55 | -14.14 | 129.73 | 1.39 | -13.13 | 120.63 | 0.16 | -5.88 | 23.08 | 16.49 | 5.37 | 39.51 | 90.92 | -2.4 | -4.18 | 106.56 | -15.58 | -16.28 | -6.56 | 75.0 | 75.96 | 21.66 | 8.57 | -16.79 |
| 21Q2 (7) | 0.60 | 200.0 | 140.0 | 28.37 | 20.16 | 4.42 | 13.17 | 78.21 | 87.87 | 10.44 | 77.25 | 83.48 | 9.12 | 151.24 | 94.46 | 2.97 | 200.0 | 141.46 | 1.60 | 171.19 | 113.33 | 0.17 | 13.33 | 13.33 | 15.65 | 29.34 | 30.09 | 93.16 | 1.15 | 3.32 | 126.23 | 2.35 | 3.28 | -26.23 | 1.64 | -18.03 | 19.95 | -10.82 | -24.03 |
| 21Q1 (6) | 0.20 | 17.65 | -67.74 | 23.61 | 3.73 | -11.9 | 7.39 | -14.37 | -28.11 | 5.89 | -0.17 | -53.62 | 3.63 | 51.25 | -64.17 | 0.99 | 26.92 | -67.22 | 0.59 | 22.92 | -70.5 | 0.15 | -11.76 | -21.05 | 12.10 | 9.4 | -33.7 | 92.10 | 13.91 | 60.17 | 123.33 | -16.23 | 54.17 | -26.67 | 43.53 | -243.59 | 22.37 | 21.77 | -0.4 |
| 20Q4 (5) | 0.17 | -22.73 | 750.0 | 22.76 | -11.34 | -2.74 | 8.63 | 37.2 | 159.94 | 5.90 | 18.95 | 1687.88 | 2.40 | -47.25 | 674.19 | 0.78 | -29.73 | 875.0 | 0.48 | -23.81 | 433.33 | 0.17 | 30.77 | 0.0 | 11.06 | -6.43 | 57.55 | 80.85 | -14.8 | 55.0 | 147.22 | 15.67 | -80.37 | -47.22 | -73.15 | 93.25 | 18.37 | -29.43 | 0 |
| 20Q3 (4) | 0.22 | -12.0 | 0.0 | 25.67 | -5.52 | 0.0 | 6.29 | -10.27 | 0.0 | 4.96 | -12.83 | 0.0 | 4.55 | -2.99 | 0.0 | 1.11 | -9.76 | 0.0 | 0.63 | -16.0 | 0.0 | 0.13 | -13.33 | 0.0 | 11.82 | -1.75 | 0.0 | 94.89 | 5.23 | 0.0 | 127.27 | 4.13 | 0.0 | -27.27 | -22.73 | 0.0 | 26.03 | -0.88 | 0.0 |
| 20Q2 (3) | 0.25 | -59.68 | 0.0 | 27.17 | 1.38 | 0.0 | 7.01 | -31.81 | 0.0 | 5.69 | -55.2 | 0.0 | 4.69 | -53.7 | 0.0 | 1.23 | -59.27 | 0.0 | 0.75 | -62.5 | 0.0 | 0.15 | -21.05 | 0.0 | 12.03 | -34.08 | 0.0 | 90.17 | 56.82 | 0.0 | 122.22 | 52.78 | 0.0 | -22.22 | -219.66 | 0.0 | 26.26 | 16.92 | 0.0 |
| 20Q1 (2) | 0.62 | 3000.0 | 0.0 | 26.80 | 14.53 | 0.0 | 10.28 | 209.64 | 0.0 | 12.70 | 3748.48 | 0.0 | 10.13 | 3167.74 | 0.0 | 3.02 | 3675.0 | 0.0 | 2.00 | 2122.22 | 0.0 | 0.19 | 11.76 | 0.0 | 18.25 | 159.97 | 0.0 | 57.50 | 10.24 | 0.0 | 80.00 | -89.33 | 0.0 | 18.57 | 102.65 | 0.0 | 22.46 | 0 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 23.40 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 7.02 | 0.0 | 0.0 | 52.16 | 0.0 | 0.0 | 750.00 | 0.0 | 0.0 | -700.00 | 0.0 | 0.0 | 0.00 | 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) | 6.45 | 91.39 | 28.30 | 2.42 | 16.45 | 35.17 | 2.84 | -25.13 | 16.87 | 23.05 | 13.33 | 25.87 | 24.21 | 58.55 | 13.43 | 62.99 | 0.96 | 28.0 | 20.62 | 13.42 | 78.60 | -22.83 | 97.40 | 9.78 | 2.47 | -78.14 | 0.06 | 0 | 19.31 | -12.55 |
| 2022 (9) | 3.37 | 101.8 | 27.63 | 3.87 | 12.17 | 17.93 | 3.80 | -21.55 | 13.71 | 56.51 | 10.59 | 58.53 | 15.27 | 94.77 | 8.24 | 80.31 | 0.75 | 15.38 | 18.18 | 27.58 | 101.85 | 25.68 | 88.72 | -24.4 | 11.28 | 0 | 0.00 | 0 | 22.08 | -3.92 |
| 2021 (8) | 1.67 | 32.54 | 26.60 | 4.52 | 10.32 | 25.85 | 4.84 | -8.64 | 8.76 | 17.58 | 6.68 | 23.25 | 7.84 | 30.45 | 4.57 | 19.63 | 0.65 | -1.52 | 14.25 | 6.42 | 81.04 | 0.24 | 117.35 | 6.99 | -17.86 | 0 | 0.00 | 0 | 22.98 | 0.48 |
| 2020 (7) | 1.26 | -28.81 | 25.45 | -7.86 | 8.20 | -16.24 | 5.30 | -2.33 | 7.45 | -22.07 | 5.42 | -28.59 | 6.01 | -30.2 | 3.82 | -34.81 | 0.66 | -12.0 | 13.39 | -14.17 | 80.85 | 55.0 | 109.68 | 6.99 | -10.32 | 0 | 0.00 | 0 | 22.87 | -4.35 |
| 2019 (6) | 1.77 | -31.13 | 27.62 | -5.89 | 9.79 | -18.14 | 5.42 | -4.72 | 9.56 | -34.97 | 7.59 | -36.16 | 8.61 | -31.83 | 5.86 | -22.59 | 0.75 | 22.95 | 15.60 | -28.41 | 52.16 | 7.02 | 102.51 | 26.03 | -2.51 | 0 | 0.00 | 0 | 23.91 | -7.43 |
| 2018 (5) | 2.57 | 307.94 | 29.35 | 6.15 | 11.96 | 46.57 | 5.69 | -0.7 | 14.70 | 253.37 | 11.89 | 276.27 | 12.63 | 326.69 | 7.57 | 276.62 | 0.61 | 17.31 | 21.79 | 87.2 | 48.74 | -51.53 | 81.34 | -58.49 | 18.66 | 0 | 0.00 | 0 | 25.83 | 12.01 |
| 2017 (4) | 0.63 | -81.9 | 27.65 | 0.58 | 8.16 | -40.31 | 5.73 | 61.67 | 4.16 | -68.77 | 3.16 | -72.52 | 2.96 | -81.66 | 2.01 | -79.57 | 0.52 | -37.35 | 11.64 | -35.15 | 100.56 | 65.59 | 195.95 | 91.18 | -95.95 | 0 | 0.00 | 0 | 23.06 | 22.92 |
| 2016 (3) | 3.48 | 68.12 | 27.49 | 10.98 | 13.67 | 44.35 | 3.55 | -21.98 | 13.32 | 34.55 | 11.50 | 35.14 | 16.14 | 58.08 | 9.84 | 54.72 | 0.83 | 18.57 | 17.95 | 13.68 | 60.73 | -24.16 | 102.49 | 7.47 | -2.77 | 0 | 0.00 | 0 | 18.76 | -16.59 |
| 2015 (2) | 2.07 | -15.51 | 24.77 | 0.41 | 9.47 | -3.37 | 4.55 | 20.61 | 9.90 | -3.23 | 8.51 | -0.12 | 10.21 | -11.45 | 6.36 | -17.3 | 0.70 | -18.6 | 15.79 | 2.4 | 80.08 | 31.41 | 95.37 | -0.46 | 4.17 | -0.42 | 0.00 | 0 | 22.49 | 11.28 |
| 2014 (1) | 2.45 | 17.79 | 24.67 | 0 | 9.80 | 0 | 3.77 | 8.13 | 10.23 | 0 | 8.52 | 0 | 11.53 | 0 | 7.69 | 0 | 0.86 | -9.47 | 15.42 | 23.56 | 60.94 | 16.19 | 95.82 | 1.26 | 4.18 | -22.18 | 0.00 | 0 | 20.21 | 10.74 |
