- 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) | 1.74 | 35.94 | -20.91 | 14.80 | -6.51 | -17.32 | 6.15 | -18.54 | -44.74 | 8.67 | 27.69 | -19.72 | 7.11 | 31.42 | -20.38 | 4.89 | 36.21 | -30.24 | 1.89 | 28.57 | -30.51 | 0.24 | 0.0 | -17.24 | 13.72 | 16.17 | -9.44 | 179.62 | -6.85 | 8.07 | 70.89 | -36.26 | -31.2 | 29.11 | 359.72 | 1057.05 | 9.49 | -4.53 | 13.65 |
| 24Q2 (19) | 1.28 | 2.4 | -37.25 | 15.83 | 0.38 | -11.47 | 7.55 | 1.48 | -27.54 | 6.79 | 1.19 | -34.33 | 5.41 | 1.12 | -32.96 | 3.59 | 0.28 | -44.6 | 1.47 | -3.29 | -42.35 | 0.24 | -4.0 | -17.24 | 11.81 | 2.96 | -19.5 | 192.82 | 20.05 | 6.81 | 111.21 | 0.39 | 10.2 | -11.21 | -4.02 | -1330.99 | 9.94 | 0.51 | 23.63 |
| 24Q1 (18) | 1.25 | -38.12 | -12.59 | 15.77 | -15.4 | 11.29 | 7.44 | -31.24 | -4.12 | 6.71 | -35.11 | -5.63 | 5.35 | -35.15 | -5.81 | 3.58 | -40.03 | -16.94 | 1.52 | -36.4 | -13.64 | 0.25 | -7.41 | -10.71 | 11.47 | -22.5 | 0.26 | 160.62 | -4.24 | -2.67 | 110.78 | 5.81 | 1.5 | -10.78 | -129.37 | -17.85 | 9.89 | 11.5 | 21.35 |
| 23Q4 (17) | 2.02 | -8.18 | 65.57 | 18.64 | 4.13 | 48.88 | 10.82 | -2.79 | 73.12 | 10.34 | -4.26 | 75.85 | 8.25 | -7.61 | 72.96 | 5.97 | -14.84 | 49.62 | 2.39 | -12.13 | 49.38 | 0.27 | -6.9 | -10.0 | 14.80 | -2.31 | 50.87 | 167.74 | 0.92 | -5.86 | 104.70 | 1.61 | -1.4 | -4.70 | -54.45 | 23.99 | 8.87 | 6.23 | 19.7 |
| 23Q3 (16) | 2.20 | 7.84 | 71.88 | 17.90 | 0.11 | 37.69 | 11.13 | 6.81 | 71.23 | 10.80 | 4.45 | 62.16 | 8.93 | 10.66 | 68.81 | 7.01 | 8.18 | 61.52 | 2.72 | 6.67 | 61.9 | 0.29 | 0.0 | 0.0 | 15.15 | 3.27 | 42.12 | 166.21 | -7.93 | -4.83 | 103.04 | 2.11 | 5.46 | -3.04 | -288.34 | -221.67 | 8.35 | 3.86 | 6.91 |
| 23Q2 (15) | 2.04 | 42.66 | 12.09 | 17.88 | 26.18 | 16.48 | 10.42 | 34.28 | 15.78 | 10.34 | 45.43 | 16.18 | 8.07 | 42.08 | 12.24 | 6.48 | 50.35 | 15.3 | 2.55 | 44.89 | 18.6 | 0.29 | 3.57 | 3.57 | 14.67 | 28.23 | 14.79 | 180.53 | 9.39 | -1.91 | 100.91 | -7.54 | -0.07 | -0.78 | 91.43 | 31.85 | 8.04 | -1.35 | -0.25 |
| 23Q1 (14) | 1.43 | 17.21 | 17.21 | 14.17 | 13.18 | 10.44 | 7.76 | 24.16 | 27.42 | 7.11 | 20.92 | 32.4 | 5.68 | 19.08 | 32.4 | 4.31 | 8.02 | 21.75 | 1.76 | 10.0 | 24.82 | 0.28 | -6.67 | -9.68 | 11.44 | 16.62 | 29.27 | 165.03 | -7.39 | -1.3 | 109.14 | 2.79 | -4.03 | -9.14 | -47.94 | 32.12 | 8.15 | 9.99 | -1.81 |
| 22Q4 (13) | 1.22 | -4.69 | 12.96 | 12.52 | -3.69 | 5.56 | 6.25 | -3.85 | 25.0 | 5.88 | -11.71 | 21.49 | 4.77 | -9.83 | 21.07 | 3.99 | -8.06 | 26.27 | 1.60 | -4.76 | 26.98 | 0.30 | 3.45 | 0.0 | 9.81 | -7.97 | 17.77 | 178.19 | 2.03 | 4.99 | 106.18 | 8.67 | 2.74 | -6.18 | -347.24 | -84.31 | 7.41 | -5.12 | -7.72 |
| 22Q3 (12) | 1.28 | -29.67 | 19.63 | 13.00 | -15.31 | 0.62 | 6.50 | -27.78 | 23.34 | 6.66 | -25.17 | 17.05 | 5.29 | -26.43 | 17.04 | 4.34 | -22.78 | 26.9 | 1.68 | -21.86 | 21.74 | 0.29 | 3.57 | 0.0 | 10.66 | -16.59 | 14.13 | 174.65 | -5.11 | 3.12 | 97.71 | -3.24 | 5.75 | 2.50 | 317.5 | -67.13 | 7.81 | -3.1 | -12.35 |
| 22Q2 (11) | 1.82 | 49.18 | 24.66 | 15.35 | 19.64 | 5.86 | 9.00 | 47.78 | 20.64 | 8.90 | 65.74 | 10.29 | 7.19 | 67.6 | 13.77 | 5.62 | 58.76 | 27.15 | 2.15 | 52.48 | 12.57 | 0.28 | -9.68 | -3.45 | 12.78 | 44.41 | 10.27 | 184.05 | 10.08 | 15.25 | 100.99 | -11.21 | 9.42 | -1.15 | 91.47 | -115.32 | 8.06 | -2.89 | -11.23 |
| 22Q1 (10) | 1.22 | 12.96 | -15.28 | 12.83 | 8.18 | -18.9 | 6.09 | 21.8 | -25.64 | 5.37 | 10.95 | -34.51 | 4.29 | 8.88 | -35.2 | 3.54 | 12.03 | -15.71 | 1.41 | 11.9 | -28.06 | 0.31 | 3.33 | 10.71 | 8.85 | 6.24 | -25.57 | 167.20 | -1.48 | 37.16 | 113.73 | 10.04 | 13.73 | -13.47 | -301.7 | 0 | 8.30 | 3.36 | -16.92 |
| 21Q4 (9) | 1.08 | 0.93 | -30.77 | 11.86 | -8.2 | -27.95 | 5.00 | -5.12 | -41.25 | 4.84 | -14.94 | -45.31 | 3.94 | -12.83 | -44.43 | 3.16 | -7.6 | -34.58 | 1.26 | -8.7 | -42.47 | 0.30 | 3.45 | 0.0 | 8.33 | -10.81 | -32.55 | 169.72 | 0.21 | 37.08 | 103.35 | 11.86 | 7.52 | -3.35 | -144.09 | -186.52 | 8.03 | -9.88 | -12.24 |
| 21Q3 (8) | 1.07 | -26.71 | -47.03 | 12.92 | -10.9 | -29.36 | 5.27 | -29.36 | -52.57 | 5.69 | -29.49 | -51.9 | 4.52 | -28.48 | -51.97 | 3.42 | -22.62 | -47.38 | 1.38 | -27.75 | -53.06 | 0.29 | 0.0 | -3.33 | 9.34 | -19.41 | -39.51 | 169.37 | 6.06 | 30.47 | 92.39 | 0.11 | -1.62 | 7.61 | 1.34 | 25.03 | 8.91 | -1.87 | -4.4 |
| 21Q2 (7) | 1.46 | 1.39 | -16.09 | 14.50 | -8.34 | -13.17 | 7.46 | -8.91 | -25.99 | 8.07 | -1.59 | -23.29 | 6.32 | -4.53 | -25.73 | 4.42 | 5.24 | -20.5 | 1.91 | -2.55 | -26.54 | 0.29 | 3.57 | -3.33 | 11.59 | -2.52 | -18.5 | 159.69 | 31.0 | 26.1 | 92.29 | -7.71 | -3.66 | 7.51 | 0 | 78.56 | 9.08 | -9.11 | -3.4 |
| 21Q1 (6) | 1.44 | -7.69 | 65.52 | 15.82 | -3.89 | 34.18 | 8.19 | -3.76 | 92.25 | 8.20 | -7.34 | 48.82 | 6.62 | -6.63 | 51.49 | 4.20 | -13.04 | 55.56 | 1.96 | -10.5 | 45.19 | 0.28 | -6.67 | 0.0 | 11.89 | -3.72 | 27.44 | 121.90 | -1.54 | 6.64 | 100.00 | 4.03 | 29.6 | 0.00 | -100.0 | -100.0 | 9.99 | 9.18 | 1.83 |
| 20Q4 (5) | 1.56 | -22.77 | -20.41 | 16.46 | -10.01 | 33.28 | 8.51 | -23.4 | 85.81 | 8.85 | -25.19 | -50.17 | 7.09 | -24.65 | -54.17 | 4.83 | -25.69 | -54.39 | 2.19 | -25.51 | -54.37 | 0.30 | 0.0 | -3.23 | 12.35 | -20.01 | -42.05 | 123.81 | -4.63 | 6.56 | 96.12 | 2.35 | 271.78 | 3.88 | -36.28 | -94.77 | 9.15 | -1.82 | 0 |
| 20Q3 (4) | 2.02 | 16.09 | 0.0 | 18.29 | 9.52 | 0.0 | 11.11 | 10.22 | 0.0 | 11.83 | 12.45 | 0.0 | 9.41 | 10.58 | 0.0 | 6.50 | 16.91 | 0.0 | 2.94 | 13.08 | 0.0 | 0.30 | 0.0 | 0.0 | 15.44 | 8.58 | 0.0 | 129.82 | 2.51 | 0.0 | 93.92 | -1.96 | 0.0 | 6.08 | 44.73 | 0.0 | 9.32 | -0.85 | 0.0 |
| 20Q2 (3) | 1.74 | 100.0 | 0.0 | 16.70 | 41.65 | 0.0 | 10.08 | 136.62 | 0.0 | 10.52 | 90.93 | 0.0 | 8.51 | 94.74 | 0.0 | 5.56 | 105.93 | 0.0 | 2.60 | 92.59 | 0.0 | 0.30 | 7.14 | 0.0 | 14.22 | 52.41 | 0.0 | 126.64 | 10.79 | 0.0 | 95.80 | 24.15 | 0.0 | 4.20 | -81.6 | 0.0 | 9.40 | -4.18 | 0.0 |
| 20Q1 (2) | 0.87 | -55.61 | 0.0 | 11.79 | -4.53 | 0.0 | 4.26 | -6.99 | 0.0 | 5.51 | -68.98 | 0.0 | 4.37 | -71.75 | 0.0 | 2.70 | -74.5 | 0.0 | 1.35 | -71.88 | 0.0 | 0.28 | -9.68 | 0.0 | 9.33 | -56.22 | 0.0 | 114.31 | -1.62 | 0.0 | 77.16 | 198.44 | 0.0 | 22.84 | -69.2 | 0.0 | 9.81 | 0 | 0.0 |
| 19Q4 (1) | 1.96 | 0.0 | 0.0 | 12.35 | 0.0 | 0.0 | 4.58 | 0.0 | 0.0 | 17.76 | 0.0 | 0.0 | 15.47 | 0.0 | 0.0 | 10.59 | 0.0 | 0.0 | 4.80 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 21.31 | 0.0 | 0.0 | 116.19 | 0.0 | 0.0 | 25.86 | 0.0 | 0.0 | 74.14 | 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) | 7.70 | 45.83 | 17.15 | 28.08 | 10.04 | 45.09 | 3.57 | 8.47 | 9.65 | 44.89 | 7.74 | 44.67 | 22.90 | 33.53 | 9.01 | 33.88 | 1.08 | -7.69 | 14.02 | 33.78 | 167.74 | -5.86 | 103.98 | 0.04 | -3.98 | 0 | 0.13 | 1025.06 | 8.35 | 5.96 |
| 2022 (9) | 5.28 | 4.35 | 13.39 | -2.19 | 6.92 | 7.96 | 3.29 | 1.91 | 6.66 | 0.6 | 5.35 | 1.13 | 17.15 | 13.13 | 6.73 | 4.18 | 1.17 | 0.86 | 10.48 | 2.75 | 178.19 | 4.99 | 103.94 | 7.4 | -3.89 | 0 | 0.01 | -34.14 | 7.88 | -12.05 |
| 2021 (8) | 5.06 | -18.12 | 13.69 | -13.79 | 6.41 | -25.12 | 3.23 | -1.74 | 6.62 | -28.28 | 5.29 | -28.42 | 15.16 | -19.87 | 6.46 | -27.58 | 1.16 | 0.0 | 10.20 | -20.87 | 169.72 | 37.08 | 96.78 | 4.42 | 3.22 | -56.28 | 0.02 | 0 | 8.96 | -4.78 |
| 2020 (7) | 6.18 | 13.19 | 15.88 | 11.28 | 8.56 | 24.24 | 3.29 | 4.12 | 9.23 | -11.25 | 7.39 | -14.17 | 18.92 | -17.56 | 8.92 | -18.61 | 1.16 | -5.69 | 12.89 | -7.66 | 123.81 | 6.56 | 92.68 | 39.94 | 7.37 | -78.18 | 0.00 | 0 | 9.41 | 1.51 |
| 2019 (6) | 5.46 | 53.8 | 14.27 | 6.02 | 6.89 | 13.88 | 3.16 | 21.11 | 10.40 | 68.83 | 8.61 | 83.58 | 22.95 | 63.93 | 10.96 | 55.46 | 1.23 | -13.99 | 13.96 | 53.74 | 116.19 | -1.19 | 66.23 | -32.59 | 33.77 | 1820.61 | 0.08 | -20.98 | 9.27 | 12.91 |
| 2018 (5) | 3.55 | -33.64 | 13.46 | -19.64 | 6.05 | -31.17 | 2.61 | 12.42 | 6.16 | -33.33 | 4.69 | -36.96 | 14.00 | -35.72 | 7.05 | -41.49 | 1.43 | -9.49 | 9.08 | -22.92 | 117.59 | 18.09 | 98.24 | 3.19 | 1.76 | -63.33 | 0.09 | -12.06 | 8.21 | 2.75 |
| 2017 (4) | 5.35 | 13.59 | 16.75 | 7.93 | 8.79 | 4.27 | 2.32 | 8.69 | 9.24 | 6.21 | 7.44 | 4.79 | 21.78 | -0.41 | 12.05 | -4.44 | 1.58 | -9.2 | 11.78 | 6.99 | 99.58 | 43.74 | 95.20 | -1.75 | 4.80 | 54.73 | 0.11 | 0 | 7.99 | 11.13 |
| 2016 (3) | 4.71 | 83.27 | 15.52 | 26.69 | 8.43 | 57.87 | 2.14 | 7.75 | 8.70 | 57.89 | 7.10 | 62.84 | 21.87 | 59.87 | 12.61 | 60.64 | 1.74 | 0.0 | 11.01 | 42.8 | 69.28 | -19.46 | 96.90 | -0.03 | 3.10 | 0.95 | 0.00 | 0 | 7.19 | 6.2 |
| 2015 (2) | 2.57 | -19.94 | 12.25 | 2.85 | 5.34 | -3.78 | 1.98 | 16.94 | 5.51 | -2.99 | 4.36 | -5.42 | 13.68 | -13.42 | 7.85 | -13.16 | 1.74 | -7.94 | 7.71 | 1.45 | 86.02 | 14.68 | 96.93 | -0.88 | 3.07 | 38.86 | 0.00 | 0 | 6.77 | 14.17 |
| 2014 (1) | 3.21 | 64.62 | 11.91 | 0 | 5.55 | 0 | 1.69 | 8.5 | 5.68 | 0 | 4.61 | 0 | 15.80 | 0 | 9.04 | 0 | 1.89 | 0.0 | 7.60 | 53.85 | 75.01 | -14.31 | 97.79 | 2.32 | 2.21 | -50.03 | 0.00 | 0 | 5.93 | 4.96 |
