- 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) | 0.46 | -48.31 | -9.8 | 34.49 | -0.89 | -0.63 | 10.11 | 4.23 | -0.49 | 12.64 | -41.07 | -5.53 | 10.21 | -44.99 | -9.33 | 1.60 | -45.21 | -12.57 | 1.11 | -44.22 | -9.02 | 0.10 | 0.0 | 0.0 | 23.28 | -27.57 | -4.63 | 47.31 | -11.35 | -10.77 | 80.00 | 77.35 | 5.15 | 20.00 | -63.41 | -16.39 | 59.14 | -0.66 | 1.11 |
| 24Q2 (19) | 0.89 | 71.15 | -8.25 | 34.80 | 0.0 | 3.11 | 9.70 | -7.0 | -11.98 | 21.45 | 64.24 | -6.29 | 18.56 | 73.13 | -6.22 | 2.92 | 72.78 | -14.37 | 1.99 | 68.64 | -11.95 | 0.10 | -9.09 | -9.09 | 32.14 | 35.16 | -2.52 | 53.37 | 11.49 | -9.77 | 45.11 | -43.56 | -6.13 | 54.65 | 172.2 | 5.65 | 59.53 | 2.0 | 8.14 |
| 24Q1 (18) | 0.52 | 15.56 | 4.0 | 34.80 | -0.4 | -5.05 | 10.43 | -8.83 | -18.71 | 13.06 | 10.4 | -4.53 | 10.72 | 9.05 | -2.19 | 1.69 | 8.33 | -5.59 | 1.18 | 10.28 | -3.28 | 0.11 | 10.0 | 0.0 | 23.78 | 3.89 | -2.66 | 47.87 | -6.81 | -3.39 | 79.92 | -17.13 | -14.46 | 20.08 | 545.39 | 225.02 | 58.36 | 1.65 | 2.05 |
| 23Q4 (17) | 0.45 | -11.76 | 7.14 | 34.94 | 0.66 | -1.36 | 11.44 | 12.6 | -4.9 | 11.83 | -11.58 | -3.35 | 9.83 | -12.7 | 3.91 | 1.56 | -14.75 | -3.11 | 1.07 | -12.3 | -0.93 | 0.10 | 0.0 | -9.09 | 22.89 | -6.23 | 1.33 | 51.37 | -3.11 | -4.16 | 96.44 | 26.77 | -1.9 | 3.11 | -86.99 | 84.33 | 57.41 | -1.85 | 2.89 |
| 23Q3 (16) | 0.51 | -47.42 | -7.27 | 34.71 | 2.84 | -2.28 | 10.16 | -7.8 | -16.03 | 13.38 | -41.55 | -5.37 | 11.26 | -43.1 | -5.38 | 1.83 | -46.33 | -9.85 | 1.22 | -46.02 | -6.15 | 0.10 | -9.09 | -9.09 | 24.41 | -25.96 | -0.45 | 53.02 | -10.36 | -7.71 | 76.08 | 58.33 | -10.8 | 23.92 | -53.76 | 66.84 | 58.49 | 6.25 | 4.48 |
| 23Q2 (15) | 0.97 | 94.0 | -3.96 | 33.75 | -7.91 | -6.97 | 11.02 | -14.11 | -19.21 | 22.89 | 67.32 | -6.99 | 19.79 | 80.57 | -8.76 | 3.41 | 90.5 | -3.4 | 2.26 | 85.25 | -0.88 | 0.11 | 0.0 | 10.0 | 32.97 | 34.96 | -4.6 | 59.15 | 19.37 | -8.27 | 48.05 | -48.57 | -13.32 | 51.73 | 737.41 | 16.09 | 55.05 | -3.74 | -2.36 |
| 23Q1 (14) | 0.50 | 19.05 | -3.85 | 36.65 | 3.47 | 2.0 | 12.83 | 6.65 | -5.17 | 13.68 | 11.76 | -3.32 | 10.96 | 15.86 | -2.06 | 1.79 | 11.18 | 1.7 | 1.22 | 12.96 | 2.52 | 0.11 | 0.0 | 10.0 | 24.43 | 8.15 | 0.99 | 49.55 | -7.56 | -1.74 | 93.44 | -4.96 | -2.17 | 6.18 | 266.02 | 37.45 | 57.19 | 2.49 | 0.25 |
| 22Q4 (13) | 0.42 | -23.64 | -10.64 | 35.42 | -0.28 | 0.65 | 12.03 | -0.58 | -4.9 | 12.24 | -13.44 | -2.7 | 9.46 | -20.5 | -6.06 | 1.61 | -20.69 | -5.85 | 1.08 | -16.92 | -5.26 | 0.11 | 0.0 | 0.0 | 22.59 | -7.87 | 2.64 | 53.60 | -6.7 | 2.92 | 98.31 | 15.26 | -2.09 | 1.69 | -88.23 | 515.19 | 55.80 | -0.32 | 2.27 |
| 22Q3 (12) | 0.55 | -45.54 | -45.0 | 35.52 | -2.09 | 2.39 | 12.10 | -11.29 | -4.57 | 14.14 | -42.54 | -42.33 | 11.90 | -45.14 | -46.15 | 2.03 | -42.49 | -44.84 | 1.30 | -42.98 | -46.94 | 0.11 | 10.0 | 0.0 | 24.52 | -29.05 | -28.18 | 57.45 | -10.9 | 2.15 | 85.29 | 53.86 | 64.93 | 14.34 | -67.82 | -70.3 | 55.98 | -0.71 | 2.6 |
| 22Q2 (11) | 1.01 | 94.23 | 83.64 | 36.28 | 0.97 | 2.69 | 13.64 | 0.81 | 8.0 | 24.61 | 73.92 | 62.12 | 21.69 | 93.83 | 74.64 | 3.53 | 100.57 | 83.85 | 2.28 | 91.6 | 72.73 | 0.10 | 0.0 | 0.0 | 34.56 | 42.87 | 33.64 | 64.48 | 27.86 | 37.22 | 55.44 | -41.95 | -33.48 | 44.56 | 891.52 | 167.38 | 56.38 | -1.17 | -1.47 |
| 22Q1 (10) | 0.52 | 10.64 | 8.33 | 35.93 | 2.1 | 2.25 | 13.53 | 6.96 | -1.67 | 14.15 | 12.48 | 6.07 | 11.19 | 11.12 | 8.12 | 1.76 | 2.92 | -0.56 | 1.19 | 4.39 | -0.83 | 0.10 | -9.09 | -9.09 | 24.19 | 9.9 | 4.95 | 50.43 | -3.17 | -1.12 | 95.51 | -4.88 | -7.37 | 4.49 | 1205.62 | 244.94 | 57.05 | 4.56 | 8.13 |
| 21Q4 (9) | 0.47 | -53.0 | 11.9 | 35.19 | 1.44 | 4.27 | 12.65 | -0.24 | 9.9 | 12.58 | -48.69 | 6.79 | 10.07 | -54.43 | 4.9 | 1.71 | -53.53 | 5.56 | 1.14 | -53.47 | 5.56 | 0.11 | 0.0 | 0.0 | 22.01 | -35.53 | -6.02 | 52.08 | -7.4 | -1.21 | 100.41 | 94.15 | 2.83 | -0.41 | -100.84 | -117.24 | 54.56 | 0.0 | -0.6 |
| 21Q3 (8) | 1.00 | 81.82 | 36.99 | 34.69 | -1.81 | 1.94 | 12.68 | 0.4 | -0.39 | 24.52 | 61.53 | 24.97 | 22.10 | 77.94 | 32.49 | 3.68 | 91.67 | 21.45 | 2.45 | 85.61 | 26.29 | 0.11 | 10.0 | -8.33 | 34.14 | 32.02 | 10.88 | 56.24 | 19.69 | 2.93 | 51.72 | -37.94 | -20.21 | 48.28 | 189.7 | 37.25 | 54.56 | -4.65 | -3.86 |
| 21Q2 (7) | 0.55 | 14.58 | -32.93 | 35.33 | 0.54 | 2.73 | 12.63 | -8.21 | 1.53 | 15.18 | 13.79 | -27.71 | 12.42 | 20.0 | -33.19 | 1.92 | 8.47 | -41.99 | 1.32 | 10.0 | -38.6 | 0.10 | -9.09 | -9.09 | 25.86 | 12.19 | -17.88 | 46.99 | -7.86 | -23.12 | 83.33 | -19.17 | 40.88 | 16.67 | 637.5 | -59.2 | 57.22 | 8.45 | 0 |
| 21Q1 (6) | 0.48 | 14.29 | 41.18 | 35.14 | 4.12 | 4.83 | 13.76 | 19.55 | 26.01 | 13.34 | 13.24 | 31.95 | 10.35 | 7.81 | 32.02 | 1.77 | 9.26 | 33.08 | 1.20 | 11.11 | 33.33 | 0.11 | 0.0 | 0.0 | 23.05 | -1.58 | 12.77 | 51.00 | -3.26 | 0.0 | 103.10 | 5.59 | -4.42 | -3.10 | -231.47 | 60.58 | 52.76 | -3.88 | 0 |
| 20Q4 (5) | 0.42 | -42.47 | -17.65 | 33.75 | -0.82 | -0.44 | 11.51 | -9.58 | -4.8 | 11.78 | -39.96 | -8.82 | 9.60 | -42.45 | -15.42 | 1.62 | -46.53 | -16.49 | 1.08 | -44.33 | -18.18 | 0.11 | -8.33 | 0.0 | 23.42 | -23.94 | -3.74 | 52.72 | -3.51 | 0.84 | 97.64 | 50.63 | 4.39 | 2.36 | -93.3 | -63.52 | 54.89 | -3.28 | 9.19 |
| 20Q3 (4) | 0.73 | -10.98 | 0.0 | 34.03 | -1.05 | 0.0 | 12.73 | 2.33 | 0.0 | 19.62 | -6.57 | 0.0 | 16.68 | -10.27 | 0.0 | 3.03 | -8.46 | 0.0 | 1.94 | -9.77 | 0.0 | 0.12 | 9.09 | 0.0 | 30.79 | -2.22 | 0.0 | 54.64 | -10.6 | 0.0 | 64.82 | 9.58 | 0.0 | 35.18 | -13.88 | 0.0 | 56.75 | 0 | 0.0 |
| 20Q2 (3) | 0.82 | 141.18 | 0.0 | 34.39 | 2.6 | 0.0 | 12.44 | 13.92 | 0.0 | 21.00 | 107.72 | 0.0 | 18.59 | 137.12 | 0.0 | 3.31 | 148.87 | 0.0 | 2.15 | 138.89 | 0.0 | 0.11 | 0.0 | 0.0 | 31.49 | 54.06 | 0.0 | 61.12 | 19.84 | 0.0 | 59.15 | -45.16 | 0.0 | 40.85 | 619.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.34 | -33.33 | 0.0 | 33.52 | -1.12 | 0.0 | 10.92 | -9.68 | 0.0 | 10.11 | -21.75 | 0.0 | 7.84 | -30.93 | 0.0 | 1.33 | -31.44 | 0.0 | 0.90 | -31.82 | 0.0 | 0.11 | 0.0 | 0.0 | 20.44 | -15.99 | 0.0 | 51.00 | -2.45 | 0.0 | 107.87 | 15.32 | 0.0 | -7.87 | -221.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.51 | 0.0 | 0.0 | 33.90 | 0.0 | 0.0 | 12.09 | 0.0 | 0.0 | 12.92 | 0.0 | 0.0 | 11.35 | 0.0 | 0.0 | 1.94 | 0.0 | 0.0 | 1.32 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 24.33 | 0.0 | 0.0 | 52.28 | 0.0 | 0.0 | 93.53 | 0.0 | 0.0 | 6.47 | 0.0 | 0.0 | 50.27 | 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) | 2.43 | -3.19 | 34.99 | -2.21 | 11.35 | -11.47 | 9.78 | 4.2 | 15.56 | -4.36 | 13.07 | -3.47 | 8.50 | -4.6 | 5.77 | -3.35 | 0.43 | 0.0 | 26.27 | -0.68 | 51.37 | -4.16 | 73.00 | -7.35 | 27.00 | 27.33 | 0.78 | -14.84 | 57.01 | 1.28 |
| 2022 (9) | 2.51 | 0.4 | 35.78 | 2.0 | 12.82 | -0.93 | 9.38 | 1.42 | 16.27 | -0.67 | 13.54 | -1.31 | 8.91 | -1.66 | 5.97 | -1.32 | 0.43 | 0.0 | 26.45 | 0.88 | 53.60 | 2.92 | 78.80 | -0.2 | 21.20 | 0.74 | 0.92 | -7.46 | 56.29 | 2.85 |
| 2021 (8) | 2.50 | 8.23 | 35.08 | 3.39 | 12.94 | 8.65 | 9.25 | -11.26 | 16.38 | 4.53 | 13.72 | 3.78 | 9.06 | 3.66 | 6.05 | 3.6 | 0.43 | 0.0 | 26.22 | -1.5 | 52.08 | -1.21 | 78.95 | 3.92 | 21.05 | -12.39 | 0.99 | 259.95 | 54.73 | -2.04 |
| 2020 (7) | 2.31 | 8.45 | 33.93 | 3.01 | 11.91 | 9.27 | 10.42 | 2.06 | 15.67 | 6.09 | 13.22 | 7.83 | 8.74 | 6.46 | 5.84 | 3.73 | 0.43 | -4.44 | 26.62 | 4.52 | 52.72 | 2.23 | 75.98 | 3.07 | 24.02 | -8.28 | 0.28 | -0.87 | 55.87 | 1.03 |
| 2019 (6) | 2.13 | -2.29 | 32.94 | 1.39 | 10.90 | 4.81 | 10.21 | 28.93 | 14.77 | -1.4 | 12.26 | -4.29 | 8.21 | -1.91 | 5.63 | -5.85 | 0.45 | -2.17 | 25.47 | 9.31 | 51.57 | 15.21 | 73.71 | 6.23 | 26.20 | -14.44 | 0.28 | 5.11 | 55.30 | 9.18 |
| 2018 (5) | 2.18 | -11.38 | 32.49 | -3.9 | 10.40 | -9.57 | 7.92 | 6.75 | 14.98 | -5.49 | 12.81 | -9.92 | 8.37 | -11.62 | 5.98 | -11.8 | 0.46 | -2.13 | 23.30 | -1.73 | 44.76 | 14.89 | 69.38 | -4.37 | 30.62 | 11.57 | 0.26 | -7.53 | 50.65 | -6.08 |
| 2017 (4) | 2.46 | -3.53 | 33.81 | -3.76 | 11.50 | -11.2 | 7.42 | 21.14 | 15.85 | -5.71 | 14.22 | 1.21 | 9.47 | -7.34 | 6.78 | -2.02 | 0.47 | -2.08 | 23.71 | 1.54 | 38.96 | -12.88 | 72.56 | -5.77 | 27.44 | 19.31 | 0.29 | 0 | 53.93 | 1.58 |
| 2016 (3) | 2.55 | -9.25 | 35.13 | -4.54 | 12.95 | -10.94 | 6.13 | 10.1 | 16.81 | -12.54 | 14.05 | -12.46 | 10.22 | -13.68 | 6.92 | -8.59 | 0.48 | 4.35 | 23.35 | -7.41 | 44.72 | -20.67 | 77.00 | 1.81 | 23.00 | -5.63 | 0.00 | 0 | 53.09 | -2.17 |
| 2015 (2) | 2.81 | 3.69 | 36.80 | -3.13 | 14.54 | -2.42 | 5.56 | 5.89 | 19.22 | -6.38 | 16.05 | 1.9 | 11.84 | 2.33 | 7.57 | 4.13 | 0.46 | 2.22 | 25.22 | -4.25 | 56.37 | -9.43 | 75.63 | 4.14 | 24.37 | -11.2 | 0.00 | 0 | 54.27 | 0.18 |
| 2014 (1) | 2.71 | 0.0 | 37.99 | 0 | 14.90 | 0 | 5.25 | 6.73 | 20.53 | 0 | 15.75 | 0 | 11.57 | 0 | 7.27 | 0 | 0.45 | -15.09 | 26.34 | 15.12 | 62.24 | -2.17 | 72.62 | -12.02 | 27.45 | 57.22 | 0.00 | 0 | 54.17 | 11.53 |
