- 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 | -44.21 | 55.88 | 19.55 | -38.5 | 36.05 | 13.35 | -44.49 | 45.74 | 21.96 | -10.22 | 30.79 | 19.23 | -0.77 | 28.46 | 2.22 | -47.14 | 37.89 | 1.07 | -45.13 | 52.86 | 0.06 | -40.0 | 20.0 | 39.76 | 16.63 | 5.38 | 105.25 | -6.05 | -19.55 | 60.81 | -38.37 | 11.89 | 39.19 | 1872.52 | -14.16 | 10.33 | 73.03 | -18.02 |
| 24Q2 (19) | 0.95 | 86.27 | 90.0 | 31.79 | 86.23 | 50.81 | 24.05 | 104.68 | 50.88 | 24.46 | 103.83 | 5.7 | 19.38 | 102.3 | 3.64 | 4.20 | 83.41 | 85.02 | 1.95 | 85.71 | 98.98 | 0.10 | -9.09 | 100.0 | 34.09 | 61.64 | -18.56 | 112.03 | -8.37 | -17.09 | 98.68 | 1.24 | 43.9 | 1.99 | -21.52 | -93.68 | 5.97 | 8.74 | -49.58 |
| 24Q1 (18) | 0.51 | 54.55 | 45.71 | 17.07 | -9.54 | -17.73 | 11.75 | -13.98 | -26.7 | 12.00 | -23.86 | -19.35 | 9.58 | -25.16 | -12.35 | 2.29 | 53.69 | 45.86 | 1.05 | 59.09 | 54.41 | 0.11 | 120.0 | 83.33 | 21.09 | -38.92 | -32.66 | 122.26 | -3.53 | -8.1 | 97.47 | 11.39 | -9.49 | 2.53 | -79.75 | 132.91 | 5.49 | -26.8 | -46.07 |
| 23Q4 (17) | 0.33 | -2.94 | 65.0 | 18.87 | 31.32 | 33.73 | 13.66 | 49.13 | 54.0 | 15.76 | -6.13 | 72.43 | 12.80 | -14.5 | 80.03 | 1.49 | -7.45 | 63.74 | 0.66 | -5.71 | 65.0 | 0.05 | 0.0 | -16.67 | 34.53 | -8.48 | 23.1 | 126.74 | -3.12 | -1.88 | 87.50 | 61.0 | -9.26 | 12.50 | -72.62 | 250.0 | 7.50 | -40.48 | -8.42 |
| 23Q3 (16) | 0.34 | -32.0 | -33.33 | 14.37 | -31.83 | -6.93 | 9.16 | -42.53 | -4.08 | 16.79 | -27.44 | -25.31 | 14.97 | -19.95 | -26.94 | 1.61 | -29.07 | -34.82 | 0.70 | -28.57 | -33.96 | 0.05 | 0.0 | 0.0 | 37.73 | -9.87 | -12.17 | 130.82 | -3.19 | -1.18 | 54.35 | -20.74 | 29.6 | 45.65 | 45.26 | -21.38 | 12.60 | 6.42 | -1.25 |
| 23Q2 (15) | 0.50 | 42.86 | 16.28 | 21.08 | 1.59 | -5.6 | 15.94 | -0.56 | -6.29 | 23.14 | 55.51 | 21.28 | 18.70 | 71.09 | 25.34 | 2.27 | 44.59 | 15.82 | 0.98 | 44.12 | 12.64 | 0.05 | -16.67 | -16.67 | 41.86 | 33.65 | 14.03 | 135.13 | 1.58 | -0.63 | 68.57 | -36.33 | -23.81 | 31.43 | 508.57 | 169.39 | 11.84 | 16.31 | 5.62 |
| 23Q1 (14) | 0.35 | 75.0 | -20.45 | 20.75 | 47.06 | 3.8 | 16.03 | 80.72 | 10.48 | 14.88 | 62.8 | -24.81 | 10.93 | 53.73 | -21.42 | 1.57 | 72.53 | -19.9 | 0.68 | 70.0 | -26.09 | 0.06 | 0.0 | -14.29 | 31.32 | 11.66 | -12.05 | 133.03 | 2.99 | 14.81 | 107.69 | 11.68 | 45.7 | -7.69 | -315.38 | -127.94 | 10.18 | 24.3 | -3.32 |
| 22Q4 (13) | 0.20 | -60.78 | -70.15 | 14.11 | -8.61 | -17.58 | 8.87 | -7.12 | -22.12 | 9.14 | -59.34 | -68.55 | 7.11 | -65.3 | -72.03 | 0.91 | -63.16 | -71.47 | 0.40 | -62.26 | -73.33 | 0.06 | 20.0 | 0.0 | 28.05 | -34.71 | -40.76 | 129.17 | -2.42 | 15.4 | 96.43 | 129.95 | 149.58 | 3.57 | -93.85 | -94.07 | 8.19 | -35.82 | -17.69 |
| 22Q3 (12) | 0.51 | 18.6 | 2.0 | 15.44 | -30.86 | -17.34 | 9.55 | -43.86 | -26.14 | 22.48 | 17.82 | -6.26 | 20.49 | 37.33 | -3.89 | 2.47 | 26.02 | 6.01 | 1.06 | 21.84 | -4.5 | 0.05 | -16.67 | 0.0 | 42.96 | 17.03 | -3.89 | 132.38 | -2.65 | 14.58 | 41.94 | -53.41 | -22.3 | 58.06 | 397.7 | 26.14 | 12.76 | 13.83 | 3.74 |
| 22Q2 (11) | 0.43 | -2.27 | 43.33 | 22.33 | 11.71 | 10.98 | 17.01 | 17.23 | 20.04 | 19.08 | -3.59 | 33.24 | 14.92 | 7.26 | 29.74 | 1.96 | 0.0 | 43.07 | 0.87 | -5.43 | 31.82 | 0.06 | -14.29 | 0.0 | 36.71 | 3.09 | 10.91 | 135.99 | 17.36 | 28.68 | 90.00 | 21.76 | -10.0 | 11.67 | -57.63 | 0 | 11.21 | 6.46 | -3.78 |
| 22Q1 (10) | 0.44 | -34.33 | -34.33 | 19.99 | 16.76 | -7.62 | 14.51 | 27.39 | -13.11 | 19.79 | -31.9 | -31.78 | 13.91 | -45.28 | -38.23 | 1.96 | -38.56 | -41.32 | 0.92 | -38.67 | -41.03 | 0.07 | 16.67 | 0.0 | 35.61 | -24.79 | -20.35 | 115.87 | 3.52 | 3.07 | 73.91 | 91.3 | 28.38 | 27.54 | -54.28 | -35.09 | 10.53 | 5.83 | 5.3 |
| 21Q4 (9) | 0.67 | 34.0 | 91.43 | 17.12 | -8.35 | 9.04 | 11.39 | -11.91 | 5.56 | 29.06 | 21.18 | 71.55 | 25.42 | 19.23 | 85.95 | 3.19 | 36.91 | 78.21 | 1.50 | 35.14 | 82.93 | 0.06 | 20.0 | 0.0 | 47.35 | 5.93 | 29.76 | 111.93 | -3.12 | -2.85 | 38.64 | -28.41 | -40.18 | 60.23 | 30.84 | 60.61 | 9.95 | -19.11 | 40.54 |
| 21Q3 (8) | 0.50 | 66.67 | 11.11 | 18.68 | -7.16 | 7.48 | 12.93 | -8.75 | 12.05 | 23.98 | 67.46 | 5.31 | 21.32 | 85.39 | 8.83 | 2.33 | 70.07 | -3.72 | 1.11 | 68.18 | 0.0 | 0.05 | -16.67 | -16.67 | 44.70 | 35.05 | 3.91 | 115.53 | 9.32 | -1.86 | 53.97 | -46.03 | 6.14 | 46.03 | 0 | -6.35 | 12.30 | 5.58 | -2.61 |
| 21Q2 (7) | 0.30 | -55.22 | -28.57 | 20.12 | -7.02 | 1.36 | 14.17 | -15.15 | -2.75 | 14.32 | -50.64 | -19.32 | 11.50 | -48.93 | -18.73 | 1.37 | -58.98 | -34.13 | 0.66 | -57.69 | -30.53 | 0.06 | -14.29 | -14.29 | 33.10 | -25.97 | -5.1 | 105.68 | -6.0 | -12.17 | 100.00 | 73.68 | 22.73 | 0.00 | -100.0 | -100.0 | 11.65 | 16.5 | 0 |
| 21Q1 (6) | 0.67 | 91.43 | 13.56 | 21.64 | 37.83 | 16.78 | 16.70 | 54.77 | 17.85 | 29.01 | 71.25 | 41.03 | 22.52 | 64.74 | 42.98 | 3.34 | 86.59 | 12.08 | 1.56 | 90.24 | 13.87 | 0.07 | 16.67 | -22.22 | 44.71 | 22.53 | 33.42 | 112.42 | -2.42 | -6.53 | 57.58 | -10.85 | -16.25 | 42.42 | 13.13 | 35.76 | 10.00 | 41.24 | 14.29 |
| 20Q4 (5) | 0.35 | -22.22 | 12.9 | 15.70 | -9.67 | 14.43 | 10.79 | -6.5 | 14.67 | 16.94 | -25.6 | 46.41 | 13.67 | -30.22 | 48.91 | 1.79 | -26.03 | 15.48 | 0.82 | -26.13 | 13.89 | 0.06 | 0.0 | -25.0 | 36.49 | -15.18 | 42.65 | 115.21 | -2.13 | 0.26 | 64.58 | 27.01 | -19.27 | 37.50 | -23.71 | 114.29 | 7.08 | -43.94 | 0 |
| 20Q3 (4) | 0.45 | 7.14 | 0.0 | 17.38 | -12.44 | 0.0 | 11.54 | -20.8 | 0.0 | 22.77 | 28.28 | 0.0 | 19.59 | 38.45 | 0.0 | 2.42 | 16.35 | 0.0 | 1.11 | 16.84 | 0.0 | 0.06 | -14.29 | 0.0 | 43.02 | 23.34 | 0.0 | 117.72 | -2.17 | 0.0 | 50.85 | -37.6 | 0.0 | 49.15 | 165.42 | 0.0 | 12.63 | 0 | 0.0 |
| 20Q2 (3) | 0.42 | -28.81 | 0.0 | 19.85 | 7.12 | 0.0 | 14.57 | 2.82 | 0.0 | 17.75 | -13.71 | 0.0 | 14.15 | -10.16 | 0.0 | 2.08 | -30.2 | 0.0 | 0.95 | -30.66 | 0.0 | 0.07 | -22.22 | 0.0 | 34.88 | 4.09 | 0.0 | 120.33 | 0.04 | 0.0 | 81.48 | 18.52 | 0.0 | 18.52 | -40.74 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.59 | 90.32 | 0.0 | 18.53 | 35.06 | 0.0 | 14.17 | 50.58 | 0.0 | 20.57 | 77.79 | 0.0 | 15.75 | 71.57 | 0.0 | 2.98 | 92.26 | 0.0 | 1.37 | 90.28 | 0.0 | 0.09 | 12.5 | 0.0 | 33.51 | 31.0 | 0.0 | 120.28 | 4.67 | 0.0 | 68.75 | -14.06 | 0.0 | 31.25 | 78.57 | 0.0 | 8.75 | 0 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 13.72 | 0.0 | 0.0 | 9.41 | 0.0 | 0.0 | 11.57 | 0.0 | 0.0 | 9.18 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 25.58 | 0.0 | 0.0 | 114.91 | 0.0 | 0.0 | 80.00 | 0.0 | 0.0 | 17.50 | 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) | 1.44 | -8.28 | 18.95 | 4.47 | 13.89 | 9.63 | 18.32 | 2.46 | 17.55 | -0.4 | 14.19 | 1.5 | 6.85 | -4.6 | 3.04 | -7.03 | 0.21 | -8.7 | 36.16 | 1.32 | 126.74 | -1.88 | 79.53 | 10.74 | 20.93 | -25.73 | 0.00 | 0 | 10.45 | -1.69 |
| 2022 (9) | 1.57 | -26.98 | 18.14 | -6.83 | 12.67 | -8.91 | 17.88 | -1.23 | 17.62 | -27.7 | 13.98 | -31.27 | 7.18 | -30.69 | 3.27 | -32.72 | 0.23 | -4.17 | 35.69 | -16.36 | 129.17 | 15.4 | 71.82 | 25.9 | 28.18 | -34.39 | 0.00 | 0 | 10.63 | -2.39 |
| 2021 (8) | 2.15 | 24.28 | 19.47 | 8.41 | 13.91 | 7.5 | 18.11 | 9.43 | 24.37 | 24.97 | 20.34 | 29.72 | 10.36 | 15.11 | 4.86 | 15.99 | 0.24 | -11.11 | 42.67 | 17.16 | 111.93 | -2.85 | 57.04 | -13.89 | 42.96 | 27.28 | 0.04 | -54.03 | 10.89 | 14.03 |
| 2020 (7) | 1.73 | -8.47 | 17.96 | 1.7 | 12.94 | -0.38 | 16.55 | 30.92 | 19.50 | 15.11 | 15.68 | 17.89 | 9.00 | -7.31 | 4.19 | -7.3 | 0.27 | -20.59 | 36.42 | 22.75 | 115.21 | 0.26 | 66.25 | -13.42 | 33.75 | 46.25 | 0.08 | 23.73 | 9.55 | 20.28 |
| 2019 (6) | 1.89 | -8.7 | 17.66 | -3.81 | 12.99 | -6.21 | 12.64 | 15.84 | 16.94 | -2.92 | 13.30 | -8.21 | 9.71 | -16.08 | 4.52 | -15.99 | 0.34 | -8.11 | 29.67 | 4.4 | 114.91 | 0.6 | 76.52 | -3.8 | 23.08 | 12.77 | 0.07 | 38.87 | 7.94 | 6.15 |
| 2018 (5) | 2.07 | 22.49 | 18.36 | 5.03 | 13.85 | 24.44 | 10.91 | -10.99 | 17.45 | 0.75 | 14.49 | 1.54 | 11.57 | 15.47 | 5.38 | 14.71 | 0.37 | 12.12 | 28.42 | -4.34 | 114.23 | -1.8 | 79.54 | 23.66 | 20.46 | -42.65 | 0.05 | 0 | 7.48 | -16.7 |
| 2017 (4) | 1.69 | -6.63 | 17.48 | -0.11 | 11.13 | 8.9 | 12.26 | -4.9 | 17.32 | -10.86 | 14.27 | -16.26 | 10.02 | -8.49 | 4.69 | -10.5 | 0.33 | 6.45 | 29.71 | -8.19 | 116.32 | 5.1 | 64.32 | 22.32 | 35.68 | -24.75 | 0.00 | 0 | 8.98 | -14.15 |
| 2016 (3) | 1.81 | 14.56 | 17.50 | -0.4 | 10.22 | -5.19 | 12.89 | 17.86 | 19.43 | 21.36 | 17.04 | 32.81 | 10.95 | 12.19 | 5.24 | 12.21 | 0.31 | -13.89 | 32.36 | 20.12 | 110.68 | 3.51 | 52.58 | -21.9 | 47.42 | 45.13 | 0.00 | 0 | 10.46 | 17.53 |
| 2015 (2) | 1.58 | 0.64 | 17.57 | 26.22 | 10.78 | 14.32 | 10.94 | 40.2 | 16.01 | 16.95 | 12.83 | 24.44 | 9.76 | -5.88 | 4.67 | -1.89 | 0.36 | -21.74 | 26.94 | 25.3 | 106.93 | -4.05 | 67.33 | -2.4 | 32.67 | 5.33 | 0.00 | 0 | 8.90 | 28.8 |
| 2014 (1) | 1.57 | -33.47 | 13.92 | 0 | 9.43 | 0 | 7.80 | -1.82 | 13.69 | 0 | 10.31 | 0 | 10.37 | 0 | 4.76 | 0 | 0.46 | 6.98 | 21.50 | -23.81 | 111.44 | -10.72 | 68.98 | 164.89 | 31.02 | -58.26 | 0.00 | 0 | 6.91 | -9.2 |
