- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q1 (20) | 0.62 | -23.46 | -3.13 | 35.72 | 5.87 | 5.43 | 10.21 | -3.04 | -14.42 | 10.16 | -7.21 | -14.91 | 8.48 | -9.98 | -9.3 | 1.84 | -29.23 | -26.4 | 1.03 | -26.43 | -24.26 | 0.11 | -15.38 | -15.38 | 19.69 | 5.58 | 3.36 | 107.89 | 5.53 | 10.88 | 100.00 | 4.59 | 0.0 | 0.00 | -100.0 | 0 | 25.98 | 19.61 | 18.47 |
| 24Q4 (19) | 0.81 | 15.71 | -10.0 | 33.74 | -1.75 | -4.2 | 10.53 | -3.66 | -36.6 | 10.95 | 9.39 | -27.77 | 9.42 | 8.53 | -24.58 | 2.60 | 15.04 | -21.45 | 1.40 | 13.82 | -17.65 | 0.13 | 0.0 | 0.0 | 18.65 | 4.54 | -19.05 | 102.24 | -7.79 | -1.67 | 95.61 | -12.66 | -12.46 | 3.51 | 137.04 | 135.34 | 21.72 | -9.12 | 64.55 |
| 24Q3 (18) | 0.70 | -9.09 | 1.45 | 34.34 | -5.5 | 3.12 | 10.93 | -15.01 | -3.27 | 10.01 | -21.49 | -12.8 | 8.68 | -26.38 | -5.96 | 2.26 | -26.62 | -24.67 | 1.23 | -26.79 | -17.45 | 0.13 | 0.0 | -13.33 | 17.84 | -11.73 | 3.18 | 110.88 | 14.97 | -2.68 | 109.47 | 8.6 | 11.24 | -9.47 | -1074.74 | -696.84 | 23.90 | -5.65 | 21.14 |
| 24Q2 (17) | 0.77 | 20.31 | 13.24 | 36.34 | 7.26 | 6.44 | 12.86 | 7.8 | 8.8 | 12.75 | 6.78 | 13.13 | 11.79 | 26.1 | 31.29 | 3.08 | 23.2 | -1.28 | 1.68 | 23.53 | 9.8 | 0.13 | 0.0 | -18.75 | 20.21 | 6.09 | 19.23 | 96.44 | -0.88 | -17.43 | 100.81 | 0.81 | -3.74 | -0.81 | 0 | 82.93 | 25.33 | 15.5 | 8.34 |
| 24Q1 (16) | 0.64 | -28.89 | -13.51 | 33.88 | -3.8 | -1.02 | 11.93 | -28.18 | -9.89 | 11.94 | -21.24 | -3.32 | 9.35 | -25.14 | -1.37 | 2.50 | -24.47 | -18.3 | 1.36 | -20.0 | -11.11 | 0.13 | 0.0 | -13.33 | 19.05 | -17.32 | 5.83 | 97.30 | -6.42 | -17.81 | 100.00 | -8.44 | -6.47 | 0.00 | 100.0 | 100.0 | 21.93 | 66.14 | -6.44 |
| 23Q4 (15) | 0.90 | 30.43 | -17.43 | 35.22 | 5.77 | -10.68 | 16.61 | 46.99 | -3.82 | 15.16 | 32.06 | -15.07 | 12.49 | 35.32 | -16.12 | 3.31 | 10.33 | -24.08 | 1.70 | 14.09 | -22.37 | 0.13 | -13.33 | -7.14 | 23.04 | 33.26 | -0.48 | 103.98 | -8.73 | 2.05 | 109.22 | 10.98 | 12.51 | -9.93 | -725.53 | -382.98 | 13.20 | -33.1 | -46.71 |
| 23Q3 (14) | 0.69 | 1.47 | -32.35 | 33.30 | -2.46 | -14.0 | 11.30 | -4.4 | -25.56 | 11.48 | 1.86 | -33.91 | 9.23 | 2.78 | -34.21 | 3.00 | -3.85 | -34.07 | 1.49 | -2.61 | -33.48 | 0.15 | -6.25 | -6.25 | 17.29 | 2.01 | -20.98 | 113.93 | -2.46 | 9.38 | 98.41 | -6.03 | 12.56 | 1.59 | 133.6 | -87.37 | 19.73 | -15.61 | -25.63 |
| 23Q2 (13) | 0.68 | -8.11 | -39.29 | 34.14 | -0.26 | -7.85 | 11.82 | -10.73 | -28.84 | 11.27 | -8.74 | -39.93 | 8.98 | -5.27 | -38.28 | 3.12 | 1.96 | -39.3 | 1.53 | 0.0 | -37.55 | 0.16 | 6.67 | -5.88 | 16.95 | -5.83 | -26.27 | 116.80 | -1.33 | 8.58 | 104.72 | -2.06 | 18.65 | -4.72 | 31.76 | -142.09 | 23.38 | -0.26 | 4.14 |
| 23Q1 (12) | 0.74 | -32.11 | -22.92 | 34.23 | -13.19 | -12.01 | 13.24 | -23.34 | -13.86 | 12.35 | -30.81 | -31.35 | 9.48 | -36.33 | -34.93 | 3.06 | -29.82 | -30.77 | 1.53 | -30.14 | -29.82 | 0.15 | 7.14 | 0.0 | 18.00 | -22.25 | -22.65 | 118.38 | 16.18 | -0.41 | 106.92 | 10.14 | 25.65 | -6.92 | -297.31 | -148.46 | 23.44 | -5.37 | -8.54 |
| 22Q4 (11) | 1.09 | 6.86 | 91.23 | 39.43 | 1.83 | 2.07 | 17.27 | 13.77 | 34.5 | 17.85 | 2.76 | 118.22 | 14.89 | 6.13 | 112.11 | 4.36 | -4.18 | 125.91 | 2.19 | -2.23 | 108.57 | 0.14 | -12.5 | 0.0 | 23.15 | 5.8 | 64.07 | 101.89 | -2.18 | 9.03 | 97.08 | 11.03 | -38.39 | 3.51 | -72.09 | 106.09 | 24.77 | -6.63 | -24.2 |
| 22Q3 (10) | 1.02 | -8.93 | 0.0 | 38.72 | 4.51 | -0.21 | 15.18 | -8.61 | -12.66 | 17.37 | -7.41 | -15.1 | 14.03 | -3.57 | -17.47 | 4.55 | -11.48 | -11.82 | 2.24 | -8.57 | -19.71 | 0.16 | -5.88 | 0.0 | 21.88 | -4.83 | -15.29 | 104.16 | -3.17 | 19.31 | 87.43 | -0.95 | 3.49 | 12.57 | 12.0 | -15.87 | 26.53 | 18.17 | 35.29 |
| 22Q2 (9) | 1.12 | 16.67 | 9.8 | 37.05 | -4.76 | -0.08 | 16.61 | 8.07 | 25.08 | 18.76 | 4.28 | 13.77 | 14.55 | -0.14 | -7.15 | 5.14 | 16.29 | 0.39 | 2.45 | 12.39 | -8.92 | 0.17 | 13.33 | 0.0 | 22.99 | -1.2 | 5.7 | 107.57 | -9.51 | 22.95 | 88.27 | 3.73 | 9.76 | 11.22 | -21.43 | -42.67 | 22.45 | -12.41 | -7.38 |
| 22Q1 (8) | 0.96 | 68.42 | 35.21 | 38.90 | 0.7 | 2.1 | 15.37 | 19.7 | 15.13 | 17.99 | 119.93 | 25.8 | 14.57 | 107.55 | 29.97 | 4.42 | 129.02 | 33.13 | 2.18 | 107.62 | 23.16 | 0.15 | 7.14 | 0.0 | 23.27 | 64.92 | 16.06 | 118.87 | 27.2 | 18.98 | 85.09 | -46.0 | -8.36 | 14.29 | 124.81 | 100.0 | 25.63 | -21.57 | 0.43 |
| 21Q4 (7) | 0.57 | -44.12 | -20.83 | 38.63 | -0.44 | 11.49 | 12.84 | -26.12 | 3.88 | 8.18 | -60.02 | -49.47 | 7.02 | -58.71 | -48.83 | 1.93 | -62.6 | -43.73 | 1.05 | -62.37 | -44.15 | 0.14 | -12.5 | 7.69 | 14.11 | -45.37 | -38.25 | 93.45 | 7.04 | 9.73 | 157.58 | 86.52 | 106.21 | -57.58 | -485.31 | -344.12 | 32.68 | 66.65 | 36.56 |
| 21Q3 (6) | 1.02 | 0.0 | 70.0 | 38.80 | 4.64 | 10.76 | 17.38 | 30.87 | 55.6 | 20.46 | 24.08 | 53.49 | 17.00 | 8.49 | 48.73 | 5.16 | 0.78 | 66.45 | 2.79 | 3.72 | 69.09 | 0.16 | -5.88 | 14.29 | 25.83 | 18.76 | 31.18 | 87.30 | -0.22 | -4.83 | 84.48 | 5.05 | 1.14 | 14.94 | -23.69 | -9.28 | 19.61 | -19.1 | -16.3 |
| 21Q2 (5) | 1.02 | 43.66 | 5.15 | 37.08 | -2.68 | 0.03 | 13.28 | -0.52 | 21.39 | 16.49 | 15.31 | -0.84 | 15.67 | 39.79 | -11.42 | 5.12 | 54.22 | -9.22 | 2.69 | 51.98 | -3.93 | 0.17 | 13.33 | 13.33 | 21.75 | 8.48 | 0.09 | 87.49 | -12.43 | -13.67 | 80.42 | -13.39 | 21.72 | 19.58 | 174.13 | -42.29 | 24.24 | -5.02 | -9.79 |
| 21Q1 (4) | 0.71 | -1.39 | 0.0 | 38.10 | 9.96 | 0.0 | 13.35 | 8.01 | 0.0 | 14.30 | -11.67 | 0.0 | 11.21 | -18.29 | 0.0 | 3.32 | -3.21 | 0.0 | 1.77 | -5.85 | 0.0 | 0.15 | 15.38 | 0.0 | 20.05 | -12.25 | 0.0 | 99.91 | 17.32 | 0.0 | 92.86 | 21.52 | 0.0 | 7.14 | -69.71 | 0.0 | 25.52 | 6.64 | 0.0 |
| 20Q4 (3) | 0.72 | 20.0 | 0.0 | 34.65 | -1.08 | 0.0 | 12.36 | 10.65 | 0.0 | 16.19 | 21.46 | 0.0 | 13.72 | 20.03 | 0.0 | 3.43 | 10.65 | 0.0 | 1.88 | 13.94 | 0.0 | 0.13 | -7.14 | 0.0 | 22.85 | 16.05 | 0.0 | 85.16 | -7.16 | 0.0 | 76.42 | -8.52 | 0.0 | 23.58 | 43.19 | 0.0 | 23.93 | 2.13 | 0.0 |
| 20Q3 (2) | 0.60 | -38.14 | 0.0 | 35.03 | -5.5 | 0.0 | 11.17 | 2.1 | 0.0 | 13.33 | -19.84 | 0.0 | 11.43 | -35.39 | 0.0 | 3.10 | -45.04 | 0.0 | 1.65 | -41.07 | 0.0 | 0.14 | -6.67 | 0.0 | 19.69 | -9.39 | 0.0 | 91.73 | -9.48 | 0.0 | 83.53 | 26.42 | 0.0 | 16.47 | -51.46 | 0.0 | 23.43 | -12.8 | 0.0 |
| 20Q2 (1) | 0.97 | 0.0 | 0.0 | 37.07 | 0.0 | 0.0 | 10.94 | 0.0 | 0.0 | 16.63 | 0.0 | 0.0 | 17.69 | 0.0 | 0.0 | 5.64 | 0.0 | 0.0 | 2.80 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 21.73 | 0.0 | 0.0 | 101.34 | 0.0 | 0.0 | 66.07 | 0.0 | 0.0 | 33.93 | 0.0 | 0.0 | 26.87 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 3.01 | -0.33 | 34.56 | 1.11 | 11.55 | -11.83 | 5.87 | 24.08 | 11.41 | -8.35 | 9.81 | -1.31 | 10.29 | -14.82 | 5.54 | -12.62 | 0.52 | -13.33 | 18.94 | 1.61 | 102.24 | -1.67 | 101.11 | -3.84 | -1.11 | 0 | 1.23 | -13.81 | 23.19 | 14.86 |
| 2023 (9) | 3.02 | -27.92 | 34.18 | -11.2 | 13.10 | -18.73 | 4.73 | 22.48 | 12.45 | -30.83 | 9.94 | -31.45 | 12.08 | -32.21 | 6.34 | -30.71 | 0.60 | -3.23 | 18.64 | -18.07 | 103.98 | 2.05 | 105.15 | 17.34 | -5.15 | 0 | 1.43 | -11.16 | 20.19 | -18.59 |
| 2022 (8) | 4.19 | 26.2 | 38.49 | 0.92 | 16.12 | 13.2 | 3.86 | -16.46 | 18.00 | 20.32 | 14.50 | 12.84 | 17.82 | 19.68 | 9.15 | 14.23 | 0.62 | 1.64 | 22.75 | 10.81 | 101.89 | 9.03 | 89.62 | -5.82 | 10.53 | 117.11 | 1.61 | -15.04 | 24.80 | -2.44 |
| 2021 (7) | 3.32 | 18.57 | 38.14 | 9.69 | 14.24 | 31.49 | 4.63 | -1.92 | 14.96 | 1.63 | 12.85 | -4.39 | 14.89 | 2.76 | 8.01 | -8.56 | 0.61 | -3.17 | 20.53 | -0.58 | 93.45 | 9.73 | 95.15 | 29.38 | 4.85 | -81.67 | 1.89 | 1.91 | 25.42 | 1.72 |
| 2020 (6) | 2.80 | 21.74 | 34.77 | 7.98 | 10.83 | -9.98 | 4.72 | 12.98 | 14.72 | 7.29 | 13.44 | 21.41 | 14.49 | 11.46 | 8.76 | -1.68 | 0.63 | -19.23 | 20.65 | 9.09 | 85.16 | 65.23 | 73.54 | -16.13 | 26.46 | 114.95 | 1.86 | -22.87 | 24.99 | 6.11 |
| 2019 (5) | 2.30 | 9.0 | 32.20 | 0.25 | 12.03 | 20.9 | 4.17 | 4.95 | 13.72 | 22.94 | 11.07 | 16.16 | 13.00 | 13.64 | 8.91 | 6.71 | 0.78 | -7.14 | 18.93 | 15.78 | 51.54 | 5.4 | 87.69 | -1.69 | 12.31 | 13.96 | 2.41 | -13.06 | 23.55 | -3.09 |
| 2018 (4) | 2.11 | 15.3 | 32.12 | -0.86 | 9.95 | -26.89 | 3.98 | -29.21 | 11.16 | -12.61 | 9.53 | -10.85 | 11.44 | 6.72 | 8.35 | -0.71 | 0.84 | 10.53 | 16.35 | -14.4 | 48.90 | 34.75 | 89.20 | -16.23 | 10.80 | 0 | 2.77 | 0 | 24.30 | 20.12 |
| 2017 (3) | 1.83 | 55.08 | 32.40 | 11.96 | 13.61 | 42.66 | 5.62 | -26.8 | 12.77 | 5.8 | 10.69 | 9.75 | 10.72 | 40.68 | 8.41 | 34.78 | 0.76 | 24.59 | 19.10 | -7.91 | 36.29 | 34.41 | 106.48 | 34.37 | -6.48 | 0 | 0.00 | 0 | 20.23 | -5.29 |
| 2016 (2) | 1.18 | 68.57 | 28.94 | 15.62 | 9.54 | 44.76 | 7.67 | -13.96 | 12.07 | 46.66 | 9.74 | 54.36 | 7.62 | 64.94 | 6.24 | 59.59 | 0.61 | 8.93 | 20.74 | 13.77 | 27.00 | -6.12 | 79.25 | -0.94 | 20.75 | 3.77 | 0.00 | 0 | 21.36 | 2.79 |
| 2015 (1) | 0.70 | -31.37 | 25.03 | 0 | 6.59 | 0 | 8.92 | 5.47 | 8.23 | 0 | 6.31 | 0 | 4.62 | 0 | 3.91 | 0 | 0.56 | -9.68 | 18.23 | -7.74 | 28.76 | -6.29 | 80.00 | -6.0 | 20.00 | 34.29 | 0.00 | 0 | 20.78 | 7.45 |
