- 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) | 0.64 | 52.38 | -14.67 | 23.27 | -14.64 | -15.9 | 12.99 | -32.9 | -24.74 | 52.21 | 38.49 | -12.19 | 49.34 | 79.35 | -9.52 | 2.39 | 59.33 | -17.3 | 1.74 | 59.63 | -15.94 | 0.04 | 0.0 | 0.0 | 67.03 | 32.1 | -8.05 | 35.45 | -11.2 | -5.49 | 25.00 | -51.42 | -13.76 | 75.26 | 55.07 | 5.99 | 13.77 | 37.01 | -8.02 |
| 24Q2 (19) | 0.42 | -12.5 | -33.33 | 27.26 | 18.21 | -0.87 | 19.36 | 17.33 | -5.28 | 37.70 | 26.6 | -20.86 | 27.51 | 4.76 | -32.95 | 1.50 | -8.54 | -36.97 | 1.09 | -9.17 | -35.88 | 0.04 | -20.0 | 0.0 | 50.74 | 23.67 | -15.26 | 39.92 | 10.61 | -5.27 | 51.47 | -7.43 | 19.67 | 48.53 | 8.42 | -14.84 | 10.05 | 6.69 | -1.86 |
| 24Q1 (18) | 0.48 | 14.29 | -5.88 | 23.06 | -2.49 | -7.02 | 16.50 | -6.94 | -10.13 | 29.78 | 21.5 | -6.32 | 26.26 | 19.85 | -5.95 | 1.64 | 10.81 | -13.23 | 1.20 | 11.11 | -11.76 | 0.05 | 0.0 | 0.0 | 41.03 | 16.76 | -2.8 | 36.09 | -2.72 | -5.89 | 55.60 | -23.32 | -3.76 | 44.77 | 62.78 | 6.0 | 9.42 | -9.51 | -0.11 |
| 23Q4 (17) | 0.42 | -44.0 | 31.25 | 23.65 | -14.53 | -1.54 | 17.73 | 2.72 | 15.35 | 24.51 | -58.78 | 19.33 | 21.91 | -59.82 | 20.19 | 1.48 | -48.79 | 24.37 | 1.08 | -47.83 | 27.06 | 0.05 | 25.0 | 0.0 | 35.14 | -51.8 | 11.41 | 37.10 | -1.09 | -5.72 | 72.50 | 150.1 | -3.33 | 27.50 | -61.27 | 10.0 | 10.41 | -30.46 | -23.06 |
| 23Q3 (16) | 0.75 | 19.05 | 15.38 | 27.67 | 0.62 | -2.23 | 17.26 | -15.56 | -11.67 | 59.46 | 24.81 | 8.72 | 54.53 | 32.9 | 8.02 | 2.89 | 21.43 | 3.21 | 2.07 | 21.76 | 4.55 | 0.04 | 0.0 | 0.0 | 72.90 | 21.74 | 7.81 | 37.51 | -10.99 | -4.85 | 28.99 | -32.59 | -19.07 | 71.01 | 24.59 | 10.65 | 14.97 | 46.19 | 20.73 |
| 23Q2 (15) | 0.63 | 23.53 | 142.31 | 27.50 | 10.89 | -2.45 | 20.44 | 11.33 | -0.97 | 47.64 | 49.86 | 109.78 | 41.03 | 46.96 | 141.64 | 2.38 | 25.93 | 133.33 | 1.70 | 25.0 | 132.88 | 0.04 | -20.0 | 0.0 | 59.88 | 41.86 | 74.68 | 42.14 | 9.88 | 6.9 | 43.01 | -25.56 | -52.62 | 56.99 | 34.96 | 516.89 | 10.24 | 8.59 | -17.42 |
| 23Q1 (14) | 0.51 | 59.38 | 59.38 | 24.80 | 3.25 | 2.82 | 18.36 | 19.45 | 7.18 | 31.79 | 54.77 | 46.09 | 27.92 | 53.15 | 54.68 | 1.89 | 58.82 | 58.82 | 1.36 | 60.0 | 58.14 | 0.05 | 0.0 | 0.0 | 42.21 | 33.83 | 31.91 | 38.35 | -2.54 | 2.18 | 57.77 | -22.97 | -26.85 | 42.23 | 68.92 | 96.07 | 9.43 | -30.3 | 1.18 |
| 22Q4 (13) | 0.32 | -50.77 | -28.89 | 24.02 | -15.12 | 4.98 | 15.37 | -21.34 | 12.77 | 20.54 | -62.44 | -30.51 | 18.23 | -63.89 | -33.76 | 1.19 | -57.5 | -30.41 | 0.85 | -57.07 | -30.89 | 0.05 | 25.0 | 25.0 | 31.54 | -53.36 | -22.33 | 39.35 | -0.18 | 1.26 | 75.00 | 109.38 | 62.05 | 25.00 | -61.05 | -53.82 | 13.53 | 9.11 | -4.85 |
| 22Q3 (12) | 0.65 | 150.0 | 20.37 | 28.30 | 0.39 | -0.67 | 19.54 | -5.33 | -1.21 | 54.69 | 140.82 | 6.17 | 50.48 | 197.29 | 6.77 | 2.80 | 174.51 | 15.23 | 1.98 | 171.23 | 12.5 | 0.04 | 0.0 | 0.0 | 67.62 | 97.26 | 4.53 | 39.42 | 0.0 | -0.5 | 35.82 | -60.53 | -6.54 | 64.18 | 594.64 | 4.07 | 12.40 | 0.0 | 0.4 |
| 22Q2 (11) | 0.26 | -18.75 | -25.71 | 28.19 | 16.87 | 0.0 | 20.64 | 20.49 | 1.88 | 22.71 | 4.37 | -18.54 | 16.98 | -5.93 | -27.34 | 1.02 | -14.29 | -24.44 | 0.73 | -15.12 | -25.51 | 0.04 | -20.0 | 0.0 | 34.28 | 7.13 | -13.26 | 39.42 | 5.04 | 5.71 | 90.76 | 14.92 | 24.57 | 9.24 | -57.1 | -65.96 | 12.40 | 33.05 | 16.32 |
| 22Q1 (10) | 0.32 | -28.89 | -21.95 | 24.12 | 5.42 | -6.0 | 17.13 | 25.68 | -4.73 | 21.76 | -26.39 | -22.81 | 18.05 | -34.41 | -19.38 | 1.19 | -30.41 | -26.09 | 0.86 | -30.08 | -25.86 | 0.05 | 25.0 | 0.0 | 32.00 | -21.2 | -15.1 | 37.53 | -3.42 | -3.35 | 78.97 | 70.64 | 23.97 | 21.54 | -60.21 | -40.65 | 9.32 | -34.46 | -5.67 |
| 21Q4 (9) | 0.45 | -16.67 | 50.0 | 22.88 | -19.69 | 19.17 | 13.63 | -31.09 | 34.95 | 29.56 | -42.61 | 49.37 | 27.52 | -41.79 | 47.01 | 1.71 | -29.63 | 39.02 | 1.23 | -30.11 | 39.77 | 0.04 | 0.0 | -20.0 | 40.61 | -37.22 | 33.89 | 38.86 | -1.92 | -2.58 | 46.28 | 20.75 | -9.13 | 54.13 | -12.22 | 10.32 | 14.22 | 15.14 | -3.59 |
| 21Q3 (8) | 0.54 | 54.29 | -22.86 | 28.49 | 1.06 | -7.77 | 19.78 | -2.37 | -7.91 | 51.51 | 84.76 | -5.26 | 47.28 | 102.31 | -5.23 | 2.43 | 80.0 | -22.86 | 1.76 | 79.59 | -20.36 | 0.04 | 0.0 | 0.0 | 64.69 | 63.69 | -1.46 | 39.62 | 6.25 | -1.12 | 38.33 | -47.39 | -3.0 | 61.67 | 127.21 | 1.96 | 12.35 | 15.85 | -1.28 |
| 21Q2 (7) | 0.35 | -14.63 | -35.19 | 28.19 | 9.86 | 8.17 | 20.26 | 12.68 | 11.63 | 27.88 | -1.1 | -25.35 | 23.37 | 4.38 | -30.26 | 1.35 | -16.15 | -44.67 | 0.98 | -15.52 | -42.35 | 0.04 | -20.0 | -20.0 | 39.52 | 4.86 | -16.06 | 37.29 | -3.97 | -18.53 | 72.86 | 14.36 | 50.41 | 27.14 | -25.21 | -47.04 | 10.66 | 7.89 | 0 |
| 21Q1 (6) | 0.41 | 36.67 | 272.73 | 25.66 | 33.65 | 7.95 | 17.98 | 78.02 | -2.65 | 28.19 | 42.45 | 171.06 | 22.39 | 19.6 | 380.47 | 1.61 | 30.89 | 265.91 | 1.16 | 31.82 | 274.19 | 0.05 | 0.0 | -28.57 | 37.69 | 24.27 | 113.42 | 38.83 | -2.66 | -7.85 | 63.71 | 25.08 | -63.99 | 36.29 | -26.03 | 147.18 | 9.88 | -33.02 | 39.35 |
| 20Q4 (5) | 0.30 | -57.14 | 15.38 | 19.20 | -37.84 | 3.73 | 10.10 | -52.98 | 4.88 | 19.79 | -63.6 | 31.58 | 18.72 | -62.48 | 44.67 | 1.23 | -60.95 | 14.95 | 0.88 | -60.18 | 15.79 | 0.05 | 25.0 | -16.67 | 30.33 | -53.8 | 31.93 | 39.89 | -0.45 | -3.41 | 50.93 | 28.9 | -20.42 | 49.07 | -18.88 | 36.3 | 14.75 | 17.91 | 0 |
| 20Q3 (4) | 0.70 | 29.63 | 0.0 | 30.89 | 18.53 | 0.0 | 21.48 | 18.35 | 0.0 | 54.37 | 45.57 | 0.0 | 49.89 | 48.88 | 0.0 | 3.15 | 29.1 | 0.0 | 2.21 | 30.0 | 0.0 | 0.04 | -20.0 | 0.0 | 65.65 | 39.44 | 0.0 | 40.07 | -12.45 | 0.0 | 39.51 | -18.43 | 0.0 | 60.49 | 18.02 | 0.0 | 12.51 | 0 | 0.0 |
| 20Q2 (3) | 0.54 | 390.91 | 0.0 | 26.06 | 9.63 | 0.0 | 18.15 | -1.73 | 0.0 | 37.35 | 259.13 | 0.0 | 33.51 | 619.1 | 0.0 | 2.44 | 454.55 | 0.0 | 1.70 | 448.39 | 0.0 | 0.05 | -28.57 | 0.0 | 47.08 | 166.59 | 0.0 | 45.77 | 8.61 | 0.0 | 48.44 | -72.62 | 0.0 | 51.25 | 166.62 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.11 | -57.69 | 0.0 | 23.77 | 28.42 | 0.0 | 18.47 | 91.8 | 0.0 | 10.40 | -30.85 | 0.0 | 4.66 | -63.99 | 0.0 | 0.44 | -58.88 | 0.0 | 0.31 | -59.21 | 0.0 | 0.07 | 16.67 | 0.0 | 17.66 | -23.18 | 0.0 | 42.14 | 2.03 | 0.0 | 176.92 | 176.44 | 0.0 | -76.92 | -313.68 | 0.0 | 7.09 | 0 | 0.0 |
| 19Q4 (1) | 0.26 | 0.0 | 0.0 | 18.51 | 0.0 | 0.0 | 9.63 | 0.0 | 0.0 | 15.04 | 0.0 | 0.0 | 12.94 | 0.0 | 0.0 | 1.07 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 22.99 | 0.0 | 0.0 | 41.30 | 0.0 | 0.0 | 64.00 | 0.0 | 0.0 | 36.00 | 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) | 2.32 | 49.68 | 25.73 | -1.11 | 18.43 | 2.05 | 11.56 | 2.04 | 39.41 | 36.04 | 35.03 | 40.01 | 8.60 | 39.38 | 6.23 | 40.32 | 0.18 | 0.0 | 51.02 | 26.57 | 37.10 | -5.72 | 46.74 | -25.01 | 53.26 | 41.38 | 0.00 | 0 | 11.09 | -2.38 |
| 2022 (9) | 1.55 | -11.43 | 26.02 | -0.46 | 18.06 | 1.57 | 11.33 | 1.61 | 28.97 | -13.37 | 25.02 | -14.46 | 6.17 | -13.59 | 4.44 | -13.45 | 0.18 | 0.0 | 40.31 | -9.68 | 39.35 | 1.26 | 62.33 | 17.24 | 37.67 | -19.57 | 0.01 | -1.97 | 11.36 | -2.99 |
| 2021 (8) | 1.75 | 6.71 | 26.14 | 5.45 | 17.78 | 3.86 | 11.15 | 18.63 | 33.44 | 17.62 | 29.25 | 19.49 | 7.14 | 1.56 | 5.13 | 2.4 | 0.18 | -10.0 | 44.63 | 17.82 | 38.86 | -2.58 | 53.16 | -11.66 | 46.84 | 17.62 | 0.01 | 0 | 11.71 | 10.16 |
| 2020 (7) | 1.64 | -2.38 | 24.79 | 20.57 | 17.12 | 21.5 | 9.40 | 27.64 | 28.43 | 18.61 | 24.48 | 17.35 | 7.03 | -4.61 | 5.01 | -4.39 | 0.20 | -20.0 | 37.88 | 20.75 | 39.89 | -3.41 | 60.18 | 2.31 | 39.82 | -3.3 | 0.00 | 0 | 10.63 | 22.75 |
| 2019 (6) | 1.68 | 27.27 | 20.56 | -0.19 | 14.09 | 0.07 | 7.36 | 3.81 | 23.97 | 14.25 | 20.86 | 20.02 | 7.37 | 22.83 | 5.24 | 21.58 | 0.25 | 0.0 | 31.37 | 11.64 | 41.30 | 2.58 | 58.82 | -12.24 | 41.18 | 25.31 | 0.01 | -2.18 | 8.66 | -0.46 |
| 2018 (5) | 1.32 | -14.29 | 20.60 | 1.33 | 14.08 | 5.47 | 7.09 | -0.1 | 20.98 | -16.11 | 17.38 | -20.06 | 6.00 | -14.77 | 4.31 | -15.66 | 0.25 | 8.7 | 28.10 | -12.9 | 40.26 | 5.06 | 67.02 | 25.63 | 32.86 | -29.56 | 0.01 | 0 | 8.70 | -11.04 |
| 2017 (4) | 1.54 | 8.45 | 20.33 | -0.68 | 13.35 | 8.45 | 7.10 | -2.23 | 25.01 | 6.2 | 21.74 | 5.02 | 7.04 | 6.34 | 5.11 | 5.8 | 0.23 | 0.0 | 32.26 | 4.03 | 38.32 | 2.27 | 53.35 | 2.02 | 46.65 | -2.22 | 0.00 | 0 | 9.78 | -10.28 |
| 2016 (3) | 1.42 | 17.36 | 20.47 | 19.36 | 12.31 | 16.02 | 7.26 | 23.49 | 23.55 | 28.41 | 20.70 | 31.76 | 6.62 | 9.06 | 4.83 | 8.54 | 0.23 | -17.86 | 31.01 | 27.14 | 37.47 | 1.88 | 52.29 | -9.51 | 47.71 | 13.37 | 0.00 | 0 | 10.90 | 15.59 |
| 2015 (2) | 1.21 | -7.63 | 17.15 | 36.22 | 10.61 | 41.84 | 5.88 | 41.68 | 18.34 | 31.09 | 15.71 | 25.88 | 6.07 | -7.33 | 4.45 | -8.06 | 0.28 | -28.21 | 24.39 | 33.5 | 36.78 | 0.35 | 57.78 | 8.27 | 42.08 | -9.75 | 0.00 | 0 | 9.43 | 28.65 |
| 2014 (1) | 1.31 | 4.8 | 12.59 | 0 | 7.48 | 0 | 4.15 | 1.89 | 13.99 | 0 | 12.48 | 0 | 6.55 | 0 | 4.84 | 0 | 0.39 | 0.0 | 18.27 | 3.45 | 36.65 | 6.76 | 53.37 | 13.84 | 46.63 | -12.21 | 0.00 | 0 | 7.33 | -5.54 |
