- 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) | 1.07 | 2.88 | 9.18 | 32.99 | -1.84 | 2.01 | 6.13 | 8.69 | 6.79 | 7.12 | -2.86 | 7.55 | 5.25 | -8.06 | 2.74 | 4.77 | 3.25 | 7.43 | 1.47 | -0.68 | 4.26 | 0.26 | 8.33 | 4.0 | 13.81 | -4.96 | 2.22 | 249.79 | -3.19 | 4.9 | 86.02 | 11.72 | -0.79 | 13.98 | -39.23 | 5.17 | 11.92 | -3.25 | -0.08 |
| 24Q2 (19) | 1.04 | 7.22 | -4.59 | 33.61 | 3.16 | 1.2 | 5.64 | 3.11 | -1.4 | 7.33 | 7.16 | -51.93 | 5.71 | 8.97 | -25.75 | 4.62 | 12.14 | -16.3 | 1.48 | 8.82 | -20.86 | 0.24 | 0.0 | 4.35 | 14.53 | 2.98 | -34.78 | 258.02 | 15.33 | 2.66 | 77.00 | -3.71 | 105.34 | 23.00 | 14.79 | -63.2 | 12.32 | -1.52 | -0.65 |
| 24Q1 (18) | 0.97 | 259.26 | 10.23 | 32.58 | 4.02 | 0.31 | 5.47 | 78.18 | 6.01 | 6.84 | 55.1 | -12.87 | 5.24 | 115.64 | -10.73 | 4.12 | 125.14 | 4.57 | 1.36 | 106.06 | -10.53 | 0.24 | 9.09 | 0.0 | 14.11 | 14.34 | -6.74 | 223.72 | -7.21 | 27.69 | 79.96 | 14.78 | 21.6 | 20.04 | -33.98 | -41.48 | 12.51 | 1.05 | -3.92 |
| 23Q4 (17) | 0.27 | -72.45 | -40.0 | 31.32 | -3.15 | 0.55 | 3.07 | -46.52 | -20.26 | 4.41 | -33.38 | -2.65 | 2.43 | -52.45 | -25.0 | 1.83 | -58.78 | -16.44 | 0.66 | -53.19 | -24.14 | 0.22 | -12.0 | -4.35 | 12.34 | -8.66 | 3.01 | 241.10 | 1.25 | 29.0 | 69.67 | -19.66 | -18.11 | 30.35 | 128.36 | 103.38 | 12.38 | 3.77 | 0.65 |
| 23Q3 (16) | 0.98 | -10.09 | 1.03 | 32.34 | -2.62 | 1.16 | 5.74 | 0.35 | -9.61 | 6.62 | -56.59 | -17.46 | 5.11 | -33.55 | -14.41 | 4.44 | -19.57 | -5.13 | 1.41 | -24.6 | -15.06 | 0.25 | 8.7 | -3.85 | 13.51 | -39.36 | -7.21 | 238.13 | -5.26 | 24.91 | 86.71 | 131.24 | 9.57 | 13.29 | -78.74 | -36.3 | 11.93 | -3.79 | 0.17 |
| 23Q2 (15) | 1.09 | 23.86 | 28.24 | 33.21 | 2.25 | 3.65 | 5.72 | 10.85 | 4.95 | 15.25 | 94.27 | 106.92 | 7.69 | 31.01 | 34.44 | 5.52 | 40.1 | 35.96 | 1.87 | 23.03 | 24.67 | 0.23 | -4.17 | -8.0 | 22.28 | 47.26 | 53.34 | 251.34 | 43.45 | 21.03 | 37.50 | -42.98 | -49.31 | 62.50 | 82.55 | 140.15 | 12.40 | -4.76 | 0.65 |
| 23Q1 (14) | 0.88 | 95.56 | 17.33 | 32.48 | 4.27 | -0.46 | 5.16 | 34.03 | -19.5 | 7.85 | 73.29 | 14.26 | 5.87 | 81.17 | 13.1 | 3.94 | 79.91 | 14.2 | 1.52 | 74.71 | 14.29 | 0.24 | 4.35 | 0.0 | 15.13 | 26.29 | 8.85 | 175.21 | -6.25 | 2.73 | 65.76 | -22.7 | -29.43 | 34.24 | 129.44 | 402.28 | 13.02 | 5.85 | 2.84 |
| 22Q4 (13) | 0.45 | -53.61 | -23.73 | 31.15 | -2.56 | -0.76 | 3.85 | -39.37 | -15.01 | 4.53 | -43.52 | -24.75 | 3.24 | -45.73 | -28.63 | 2.19 | -53.21 | -25.76 | 0.87 | -47.59 | -21.62 | 0.23 | -11.54 | 0.0 | 11.98 | -17.72 | -12.04 | 186.90 | -1.96 | 1.57 | 85.08 | 7.51 | 13.06 | 14.92 | -28.48 | -39.71 | 12.30 | 3.27 | -4.58 |
| 22Q3 (12) | 0.97 | 14.12 | -3.96 | 31.97 | -0.22 | -2.26 | 6.35 | 16.51 | -10.31 | 8.02 | 8.82 | -2.43 | 5.97 | 4.37 | -8.99 | 4.68 | 15.27 | -1.89 | 1.66 | 10.67 | -2.35 | 0.26 | 4.0 | 4.0 | 14.56 | 0.21 | -4.77 | 190.64 | -8.2 | 1.46 | 79.14 | 6.98 | -8.13 | 20.86 | -19.83 | 50.56 | 11.91 | -3.33 | -2.54 |
| 22Q2 (11) | 0.85 | 13.33 | -10.53 | 32.04 | -1.81 | -5.43 | 5.45 | -14.98 | -7.0 | 7.37 | 7.28 | -9.24 | 5.72 | 10.21 | -11.04 | 4.06 | 17.68 | -4.25 | 1.50 | 12.78 | -5.06 | 0.25 | 4.17 | 8.7 | 14.53 | 4.53 | -7.16 | 207.66 | 21.76 | 2.67 | 73.97 | -20.61 | 2.46 | 26.03 | 281.8 | -6.39 | 12.32 | -2.69 | -3.98 |
| 22Q1 (10) | 0.75 | 27.12 | -21.05 | 32.63 | 3.95 | -3.75 | 6.41 | 41.5 | -0.31 | 6.87 | 14.12 | -16.52 | 5.19 | 14.32 | -23.11 | 3.45 | 16.95 | -18.63 | 1.33 | 19.82 | -19.39 | 0.24 | 4.35 | 4.35 | 13.90 | 2.06 | -12.52 | 170.55 | -7.31 | 2.66 | 93.18 | 23.84 | 19.28 | 6.82 | -72.46 | -68.85 | 12.66 | -1.78 | -3.95 |
| 21Q4 (9) | 0.59 | -41.58 | -4.84 | 31.39 | -4.04 | -4.47 | 4.53 | -36.02 | 15.56 | 6.02 | -26.76 | 6.93 | 4.54 | -30.79 | -4.62 | 2.95 | -38.16 | 3.51 | 1.11 | -34.71 | -1.77 | 0.23 | -8.0 | 4.55 | 13.62 | -10.92 | -2.99 | 184.01 | -2.07 | 5.58 | 75.25 | -12.65 | 8.13 | 24.75 | 78.62 | -18.6 | 12.89 | 5.48 | -3.37 |
| 21Q3 (8) | 1.01 | 6.32 | -19.84 | 32.71 | -3.45 | -7.39 | 7.08 | 20.82 | -12.92 | 8.22 | 1.23 | -20.81 | 6.56 | 2.02 | -21.34 | 4.77 | 12.5 | -20.23 | 1.70 | 7.59 | -21.66 | 0.25 | 8.7 | 0.0 | 15.29 | -2.3 | -13.08 | 187.90 | -7.1 | 4.43 | 86.14 | 19.32 | 10.04 | 13.86 | -50.16 | -36.19 | 12.22 | -4.75 | 0.58 |
| 21Q2 (7) | 0.95 | 0.0 | -15.18 | 33.88 | -0.06 | -3.56 | 5.86 | -8.86 | -23.7 | 8.12 | -1.34 | -17.4 | 6.43 | -4.74 | -20.32 | 4.24 | 0.0 | -18.3 | 1.58 | -4.24 | -19.39 | 0.23 | 0.0 | 0.0 | 15.65 | -1.51 | -11.53 | 202.26 | 21.75 | 3.23 | 72.20 | -7.58 | -7.59 | 27.80 | 27.06 | 27.09 | 12.83 | -2.66 | 0 |
| 21Q1 (6) | 0.95 | 53.23 | 20.25 | 33.90 | 3.16 | -1.11 | 6.43 | 64.03 | -3.31 | 8.23 | 46.18 | 0.12 | 6.75 | 41.81 | 10.11 | 4.24 | 48.77 | 12.77 | 1.65 | 46.02 | 10.0 | 0.23 | 4.55 | 0.0 | 15.89 | 13.18 | -2.34 | 166.13 | -4.68 | 1.18 | 78.12 | 12.26 | -3.44 | 21.88 | -28.05 | 14.5 | 13.18 | -1.2 | 0 |
| 20Q4 (5) | 0.62 | -50.79 | 24.0 | 32.86 | -6.96 | 2.05 | 3.92 | -51.78 | 0.77 | 5.63 | -45.76 | 5.43 | 4.76 | -42.93 | 12.26 | 2.85 | -52.34 | 10.89 | 1.13 | -47.93 | 7.62 | 0.22 | -12.0 | 0.0 | 14.04 | -20.18 | 0.86 | 174.28 | -3.14 | -0.06 | 69.59 | -11.11 | -4.49 | 30.41 | 40.04 | 12.06 | 13.34 | 9.79 | 0 |
| 20Q3 (4) | 1.26 | 12.5 | 0.0 | 35.32 | 0.54 | 0.0 | 8.13 | 5.86 | 0.0 | 10.38 | 5.6 | 0.0 | 8.34 | 3.35 | 0.0 | 5.98 | 15.22 | 0.0 | 2.17 | 10.71 | 0.0 | 0.25 | 8.7 | 0.0 | 17.59 | -0.57 | 0.0 | 179.93 | -8.17 | 0.0 | 78.28 | 0.21 | 0.0 | 21.72 | -0.74 | 0.0 | 12.15 | 0 | 0.0 |
| 20Q2 (3) | 1.12 | 41.77 | 0.0 | 35.13 | 2.48 | 0.0 | 7.68 | 15.49 | 0.0 | 9.83 | 19.59 | 0.0 | 8.07 | 31.65 | 0.0 | 5.19 | 38.03 | 0.0 | 1.96 | 30.67 | 0.0 | 0.23 | 0.0 | 0.0 | 17.69 | 8.73 | 0.0 | 195.93 | 19.32 | 0.0 | 78.12 | -3.43 | 0.0 | 21.88 | 14.47 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.79 | 58.0 | 0.0 | 34.28 | 6.46 | 0.0 | 6.65 | 70.95 | 0.0 | 8.22 | 53.93 | 0.0 | 6.13 | 44.58 | 0.0 | 3.76 | 46.3 | 0.0 | 1.50 | 42.86 | 0.0 | 0.23 | 4.55 | 0.0 | 16.27 | 16.88 | 0.0 | 164.20 | -5.84 | 0.0 | 80.90 | 11.03 | 0.0 | 19.11 | -29.58 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.50 | 0.0 | 0.0 | 32.20 | 0.0 | 0.0 | 3.89 | 0.0 | 0.0 | 5.34 | 0.0 | 0.0 | 4.24 | 0.0 | 0.0 | 2.57 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 13.92 | 0.0 | 0.0 | 174.39 | 0.0 | 0.0 | 72.86 | 0.0 | 0.0 | 27.14 | 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) | 3.23 | 6.95 | 32.32 | 1.19 | 4.93 | -10.85 | 6.47 | 1.46 | 8.38 | 24.52 | 5.21 | 3.17 | 15.64 | 9.99 | 5.43 | 1.5 | 0.95 | -4.04 | 15.66 | 13.81 | 241.10 | 29.0 | 58.82 | -28.36 | 41.18 | 130.09 | 7.11 | 135.07 | 12.40 | 0.98 |
| 2022 (9) | 3.02 | -13.71 | 31.94 | -3.12 | 5.53 | -7.83 | 6.37 | -6.6 | 6.73 | -12.14 | 5.05 | -16.94 | 14.22 | -10.73 | 5.35 | -11.42 | 0.99 | 5.32 | 13.76 | -8.99 | 186.90 | 1.57 | 82.10 | 4.88 | 17.90 | -17.59 | 3.03 | -9.48 | 12.28 | -3.84 |
| 2021 (8) | 3.50 | -7.65 | 32.97 | -4.24 | 6.00 | -9.91 | 6.83 | -3.97 | 7.66 | -10.83 | 6.08 | -11.76 | 15.93 | -8.29 | 6.04 | -10.25 | 0.94 | 2.17 | 15.12 | -8.09 | 184.01 | 5.58 | 78.28 | 1.03 | 21.72 | -3.54 | 3.34 | -11.32 | 12.77 | -0.23 |
| 2020 (7) | 3.79 | 13.13 | 34.43 | 0.17 | 6.66 | 0.76 | 7.11 | 2.31 | 8.59 | 5.79 | 6.89 | 8.33 | 17.37 | 4.95 | 6.73 | -2.46 | 0.92 | -8.91 | 16.45 | 3.85 | 174.28 | -0.06 | 77.49 | -4.81 | 22.51 | 21.04 | 3.77 | -6.48 | 12.80 | -1.54 |
| 2019 (6) | 3.35 | 9.12 | 34.37 | 2.08 | 6.61 | 5.76 | 6.95 | 61.0 | 8.12 | -0.73 | 6.36 | 1.76 | 16.55 | 11.07 | 6.90 | 0.73 | 1.01 | -3.81 | 15.84 | 21.38 | 174.39 | 25.39 | 81.40 | 6.51 | 18.60 | -21.08 | 4.03 | 40.14 | 13.00 | 1.56 |
| 2018 (5) | 3.07 | -56.21 | 33.67 | 1.42 | 6.25 | 11.81 | 4.32 | -5.45 | 8.18 | -57.24 | 6.25 | -58.33 | 14.90 | -57.26 | 6.85 | -55.69 | 1.05 | 3.96 | 13.05 | -46.25 | 139.08 | 19.12 | 76.43 | 161.48 | 23.57 | -66.7 | 2.88 | -0.85 | 12.80 | -2.22 |
| 2017 (4) | 7.01 | 173.83 | 33.20 | -0.3 | 5.59 | 9.61 | 4.56 | -2.05 | 19.13 | 159.21 | 15.00 | 161.78 | 34.86 | 127.1 | 15.46 | 135.31 | 1.01 | -4.72 | 24.28 | 90.28 | 116.76 | -21.07 | 29.23 | -57.73 | 70.77 | 129.37 | 2.90 | 0 | 13.09 | -0.83 |
| 2016 (3) | 2.56 | 3.23 | 33.30 | 0.48 | 5.10 | -1.92 | 4.66 | 0.84 | 7.38 | 12.67 | 5.73 | 10.4 | 15.35 | 8.87 | 6.57 | 10.98 | 1.06 | 1.92 | 12.76 | 6.96 | 147.93 | -5.32 | 69.15 | -12.92 | 30.85 | 49.81 | 0.00 | 0 | 13.20 | 5.77 |
| 2015 (2) | 2.48 | 21.57 | 33.14 | 8.3 | 5.20 | 28.08 | 4.62 | 5.68 | 6.55 | 21.75 | 5.19 | 19.31 | 14.10 | 11.73 | 5.92 | 12.76 | 1.04 | -4.59 | 11.93 | 13.84 | 156.25 | -5.17 | 79.41 | 5.26 | 20.60 | -16.12 | 0.00 | 0 | 12.48 | 7.59 |
| 2014 (1) | 2.04 | -17.74 | 30.60 | 0 | 4.06 | 0 | 4.37 | 17.64 | 5.38 | 0 | 4.35 | 0 | 12.62 | 0 | 5.25 | 0 | 1.09 | -8.4 | 10.48 | 1.45 | 164.76 | -2.0 | 75.44 | 5.45 | 24.55 | -13.72 | 0.00 | 0 | 11.60 | 2.56 |
