- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.52 | -29.73 | 1.96 | 19.12 | 3.02 | 5.46 | 4.08 | -17.24 | -22.14 | 4.27 | -7.97 | -9.34 | 3.21 | -4.75 | -12.77 | 1.07 | -17.05 | -33.95 | 0.62 | -11.43 | -23.46 | 0.15 | -11.76 | -16.67 | 11.92 | 5.58 | 9.56 | 123.56 | 1.95 | -23.08 | 95.41 | -10.33 | -14.28 | 4.59 | 171.61 | 140.57 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.74 | -80.83 | -28.16 | 18.56 | 7.53 | 7.1 | 4.93 | 67.69 | -7.85 | 4.64 | -83.96 | -27.39 | 3.37 | -80.01 | -36.17 | 1.29 | -83.2 | -50.95 | 0.70 | -78.46 | -41.67 | 0.17 | -5.56 | -15.0 | 11.29 | -66.91 | -5.52 | 121.20 | -10.82 | -14.62 | 106.41 | 947.65 | 27.22 | -6.41 | -107.13 | -139.16 | 20.21 | -7.8 | 9.07 |
| 23Q3 (18) | 3.86 | 370.73 | 219.01 | 17.26 | -1.54 | 1.95 | 2.94 | -42.13 | -46.74 | 28.92 | 396.05 | 297.8 | 16.86 | 265.73 | 195.79 | 7.68 | 233.91 | 132.73 | 3.25 | 212.5 | 137.23 | 0.18 | -5.26 | -18.18 | 34.12 | 205.19 | 183.39 | 135.91 | -16.06 | -13.33 | 10.16 | -88.36 | -86.61 | 89.84 | 606.42 | 275.03 | 21.92 | 3.98 | 16.91 |
| 23Q2 (17) | 0.82 | 60.78 | -19.61 | 17.53 | -3.31 | 2.1 | 5.08 | -3.05 | -15.05 | 5.83 | 23.78 | -5.36 | 4.61 | 25.27 | -4.55 | 2.30 | 41.98 | -22.3 | 1.04 | 28.4 | -11.86 | 0.19 | 5.56 | -17.39 | 11.18 | 2.76 | 5.57 | 161.92 | 0.8 | -3.78 | 87.28 | -21.58 | -10.08 | 12.72 | 212.48 | 334.24 | 21.08 | -3.39 | 3.13 |
| 23Q1 (16) | 0.51 | -50.49 | -42.7 | 18.13 | 4.62 | 10.15 | 5.24 | -2.06 | 6.72 | 4.71 | -26.29 | -7.83 | 3.68 | -30.3 | -5.64 | 1.62 | -38.4 | -29.26 | 0.81 | -32.5 | -11.96 | 0.18 | -10.0 | -18.18 | 10.88 | -8.95 | 14.77 | 160.64 | 13.17 | -7.43 | 111.31 | 33.08 | 15.89 | -11.31 | -169.12 | -385.7 | 21.82 | 17.75 | 4.25 |
| 22Q4 (15) | 1.03 | -14.88 | -12.71 | 17.33 | 2.36 | 5.03 | 5.35 | -3.08 | -4.46 | 6.39 | -12.1 | 9.23 | 5.28 | -7.37 | 11.39 | 2.63 | -20.3 | -10.24 | 1.20 | -12.41 | 1.69 | 0.20 | -9.09 | -16.67 | 11.95 | -0.75 | 19.02 | 141.95 | -9.48 | -11.8 | 83.64 | 10.25 | -12.6 | 16.36 | -31.71 | 280.57 | 18.53 | -1.17 | -8.9 |
| 22Q3 (14) | 1.21 | 18.63 | 12.04 | 16.93 | -1.4 | 3.42 | 5.52 | -7.69 | 14.76 | 7.27 | 18.02 | 14.31 | 5.70 | 18.01 | 17.77 | 3.30 | 11.49 | 13.4 | 1.37 | 16.1 | 18.1 | 0.22 | -4.35 | -4.35 | 12.04 | 13.69 | 11.07 | 156.81 | -6.82 | -2.39 | 75.86 | -21.85 | 0.32 | 23.96 | 717.94 | -1.73 | 18.75 | -8.27 | -11.6 |
| 22Q2 (13) | 1.02 | 14.61 | -8.11 | 17.17 | 4.31 | -0.81 | 5.98 | 21.79 | -3.39 | 6.16 | 20.55 | -2.22 | 4.83 | 23.85 | -4.55 | 2.96 | 29.26 | -15.67 | 1.18 | 28.26 | -18.06 | 0.23 | 4.55 | -14.81 | 10.59 | 11.71 | 2.72 | 168.28 | -3.03 | 2.93 | 97.07 | 1.07 | -1.05 | 2.93 | -26.0 | 73.9 | 20.44 | -2.34 | 6.4 |
| 22Q1 (12) | 0.89 | -24.58 | 23.61 | 16.46 | -0.24 | 0.67 | 4.91 | -12.32 | 11.09 | 5.11 | -12.65 | 4.07 | 3.90 | -17.72 | 3.45 | 2.29 | -21.84 | 5.53 | 0.92 | -22.03 | -5.15 | 0.22 | -8.33 | -8.33 | 9.48 | -5.58 | 6.4 | 173.53 | 7.82 | 22.52 | 96.04 | 0.36 | 6.91 | 3.96 | -7.93 | -61.08 | 20.93 | 2.9 | -1.97 |
| 21Q4 (11) | 1.18 | 9.26 | 20.41 | 16.50 | 0.79 | -5.28 | 5.60 | 16.42 | -0.71 | 5.85 | -8.02 | 2.45 | 4.74 | -2.07 | 4.64 | 2.93 | 0.69 | 2.81 | 1.18 | 1.72 | -8.53 | 0.24 | 4.35 | -11.11 | 10.04 | -7.38 | 6.24 | 160.94 | 0.18 | 24.36 | 95.70 | 26.55 | -3.24 | 4.30 | -82.37 | 292.25 | 20.34 | -4.1 | 7.39 |
| 21Q3 (10) | 1.08 | -2.7 | 6.93 | 16.37 | -5.43 | -6.08 | 4.81 | -22.29 | -13.18 | 6.36 | 0.95 | 0.32 | 4.84 | -4.35 | -2.42 | 2.91 | -17.09 | -9.35 | 1.16 | -19.44 | -19.44 | 0.23 | -14.81 | -17.86 | 10.84 | 5.14 | 7.54 | 160.65 | -1.74 | 19.41 | 75.62 | -22.92 | -13.42 | 24.38 | 1347.52 | 92.55 | 21.21 | 10.41 | 6.21 |
| 21Q2 (9) | 1.11 | 54.17 | 24.72 | 17.31 | 5.87 | -0.52 | 6.19 | 40.05 | 15.7 | 6.30 | 28.31 | 11.31 | 5.06 | 34.22 | 15.79 | 3.51 | 61.75 | 27.64 | 1.44 | 48.45 | 12.5 | 0.27 | 12.5 | -3.57 | 10.31 | 15.71 | 9.1 | 163.49 | 15.43 | 23.24 | 98.11 | 9.21 | 3.88 | 1.68 | -83.44 | -69.68 | 19.21 | -10.02 | 0 |
| 21Q1 (8) | 0.72 | -26.53 | 100.0 | 16.35 | -6.14 | -1.33 | 4.42 | -21.63 | 41.67 | 4.91 | -14.01 | 36.39 | 3.77 | -16.78 | 40.67 | 2.17 | -23.86 | 85.47 | 0.97 | -24.81 | 59.02 | 0.24 | -11.11 | 20.0 | 8.91 | -5.71 | 1.25 | 141.63 | 9.44 | 21.45 | 89.83 | -9.17 | 3.87 | 10.17 | 827.97 | -24.75 | 21.35 | 12.72 | -8.72 |
| 20Q4 (7) | 0.98 | -2.97 | 18.07 | 17.42 | -0.06 | -5.48 | 5.64 | 1.81 | 7.63 | 5.71 | -9.94 | -4.52 | 4.53 | -8.67 | -3.62 | 2.85 | -11.21 | 14.46 | 1.29 | -10.42 | 5.74 | 0.27 | -3.57 | 8.0 | 9.45 | -6.25 | -6.06 | 129.41 | -3.81 | 13.67 | 98.90 | 13.24 | 12.82 | 1.10 | -91.34 | -91.12 | 18.94 | -5.16 | 0 |
| 20Q3 (6) | 1.01 | 13.48 | 18.82 | 17.43 | 0.17 | -4.65 | 5.54 | 3.55 | 3.36 | 6.34 | 12.01 | -3.35 | 4.96 | 13.5 | -1.98 | 3.21 | 16.73 | 22.52 | 1.44 | 12.5 | 14.29 | 0.28 | 0.0 | 16.67 | 10.08 | 6.67 | -4.82 | 134.54 | 1.42 | 14.65 | 87.34 | -7.52 | 6.71 | 12.66 | 127.91 | -31.42 | 19.97 | 0 | -10.89 |
| 20Q2 (5) | 0.89 | 147.22 | 7.23 | 17.40 | 5.01 | -7.3 | 5.35 | 71.47 | -9.32 | 5.66 | 57.22 | -13.98 | 4.37 | 63.06 | -15.96 | 2.75 | 135.04 | 1.48 | 1.28 | 109.84 | -8.57 | 0.28 | 40.0 | 7.69 | 9.45 | 7.39 | -9.48 | 132.66 | 13.75 | 16.35 | 94.44 | 9.2 | 4.97 | 5.56 | -58.89 | -46.24 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.36 | -56.63 | 0.0 | 16.57 | -10.09 | 0.0 | 3.12 | -40.46 | 0.0 | 3.60 | -39.8 | 0.0 | 2.68 | -42.98 | 0.0 | 1.17 | -53.01 | 0.0 | 0.61 | -50.0 | 0.0 | 0.20 | -20.0 | 0.0 | 8.80 | -12.52 | 0.0 | 116.62 | 2.43 | 0.0 | 86.49 | -1.34 | 0.0 | 13.51 | 9.53 | 0.0 | 23.39 | 0 | 0.0 |
| 19Q4 (3) | 0.83 | -2.35 | 0.0 | 18.43 | 0.82 | 0.0 | 5.24 | -2.24 | 0.0 | 5.98 | -8.84 | 0.0 | 4.70 | -7.11 | 0.0 | 2.49 | -4.96 | 0.0 | 1.22 | -3.17 | 0.0 | 0.25 | 4.17 | 0.0 | 10.06 | -5.0 | 0.0 | 113.85 | -2.98 | 0.0 | 87.66 | 7.11 | 0.0 | 12.34 | -33.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.85 | 2.41 | 0.0 | 18.28 | -2.61 | 0.0 | 5.36 | -9.15 | 0.0 | 6.56 | -0.3 | 0.0 | 5.06 | -2.69 | 0.0 | 2.62 | -3.32 | 0.0 | 1.26 | -10.0 | 0.0 | 0.24 | -7.69 | 0.0 | 10.59 | 1.44 | 0.0 | 117.35 | 2.92 | 0.0 | 81.85 | -9.03 | 0.0 | 18.46 | 78.64 | 0.0 | 22.41 | 6.16 | 0.0 |
| 19Q2 (1) | 0.83 | 0.0 | 0.0 | 18.77 | 0.0 | 0.0 | 5.90 | 0.0 | 0.0 | 6.58 | 0.0 | 0.0 | 5.20 | 0.0 | 0.0 | 2.71 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 10.44 | 0.0 | 0.0 | 114.02 | 0.0 | 0.0 | 89.97 | 0.0 | 0.0 | 10.33 | 0.0 | 0.0 | 21.11 | 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) | 5.91 | 42.41 | 17.84 | 5.13 | 4.52 | -17.06 | 4.31 | 12.99 | 11.41 | 82.85 | 7.36 | 49.59 | 12.79 | 17.12 | 6.17 | 29.62 | 0.75 | -14.77 | 17.22 | 56.55 | 121.20 | -14.62 | 39.54 | -54.76 | 60.43 | 379.78 | 2.06 | -26.03 | 21.27 | 8.02 |
| 2022 (9) | 4.15 | 1.47 | 16.97 | 1.92 | 5.45 | 2.64 | 3.82 | 7.89 | 6.24 | 5.76 | 4.92 | 6.03 | 10.92 | -2.24 | 4.76 | 0.42 | 0.88 | -10.2 | 11.00 | 9.24 | 141.95 | -11.8 | 87.40 | -2.91 | 12.60 | 27.03 | 2.78 | -9.26 | 19.69 | -3.81 |
| 2021 (8) | 4.09 | 26.63 | 16.65 | -3.53 | 5.31 | 4.53 | 3.54 | 3.33 | 5.90 | 7.66 | 4.64 | 8.67 | 11.17 | 19.21 | 4.74 | 6.28 | 0.98 | -1.01 | 10.07 | 6.0 | 160.94 | 24.36 | 90.02 | -2.75 | 9.92 | 34.96 | 3.07 | -3.84 | 20.47 | -1.63 |
| 2020 (7) | 3.23 | 0.62 | 17.26 | -6.75 | 5.08 | -8.63 | 3.42 | 1.87 | 5.48 | -15.17 | 4.27 | -15.78 | 9.37 | -7.14 | 4.46 | -11.51 | 0.99 | 3.13 | 9.50 | -9.87 | 129.41 | 13.67 | 92.57 | 7.62 | 7.35 | -47.47 | 3.19 | -7.22 | 20.81 | -4.06 |
| 2019 (6) | 3.21 | -40.88 | 18.51 | -13.71 | 5.56 | -41.04 | 3.36 | 29.22 | 6.46 | -32.85 | 5.07 | -33.2 | 10.09 | -42.28 | 5.04 | -44.31 | 0.96 | -17.95 | 10.54 | -17.72 | 113.85 | 11.38 | 86.01 | -12.26 | 13.99 | 612.15 | 3.44 | 9.39 | 21.69 | 2.94 |
| 2018 (5) | 5.43 | 162.32 | 21.45 | 33.73 | 9.43 | 162.67 | 2.60 | -14.95 | 9.62 | 133.5 | 7.59 | 130.0 | 17.48 | 145.51 | 9.05 | 137.53 | 1.17 | 7.34 | 12.81 | 65.5 | 102.22 | 11.83 | 98.04 | 12.57 | 1.96 | -84.79 | 3.14 | 0 | 21.07 | -6.4 |
| 2017 (4) | 2.07 | 31.01 | 16.04 | 7.29 | 3.59 | 38.08 | 3.06 | -1.87 | 4.12 | 30.79 | 3.30 | 30.43 | 7.12 | 32.34 | 3.81 | 30.48 | 1.09 | 0.0 | 7.74 | 10.89 | 91.41 | -11.61 | 87.09 | 5.54 | 12.91 | -26.16 | 0.00 | 0 | 22.51 | -2.26 |
| 2016 (3) | 1.58 | -21.0 | 14.95 | 28.99 | 2.60 | -9.72 | 3.12 | -17.45 | 3.15 | -23.73 | 2.53 | -20.69 | 5.38 | -21.8 | 2.92 | -21.72 | 1.09 | -1.8 | 6.98 | -18.08 | 103.42 | 18.05 | 82.51 | 18.31 | 17.49 | -42.21 | 0.00 | 0 | 23.03 | -5.54 |
| 2015 (2) | 2.00 | 733.33 | 11.59 | 3.11 | 2.88 | 3500.0 | 3.77 | -11.29 | 4.13 | 694.23 | 3.19 | 786.11 | 6.88 | 673.03 | 3.73 | 360.49 | 1.11 | -5.93 | 8.52 | 56.91 | 87.61 | -14.33 | 69.74 | 337.82 | 30.26 | -64.01 | 0.00 | 0 | 24.38 | 13.18 |
| 2014 (1) | 0.24 | 2300.0 | 11.24 | 0 | 0.08 | 0 | 4.25 | -2.46 | 0.52 | 0 | 0.36 | 0 | 0.89 | 0 | 0.81 | 0 | 1.18 | -3.28 | 5.43 | 6.68 | 102.26 | -7.45 | 15.93 | 0 | 84.07 | -96.8 | 0.00 | 0 | 21.54 | 8.3 |
