- 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) | 4.74 | 33.52 | -13.35 | 23.70 | -5.77 | -11.6 | 15.19 | 4.4 | -4.28 | 14.14 | -2.42 | -20.43 | 11.30 | -1.99 | -21.25 | 8.52 | 31.89 | -7.19 | 5.43 | 39.95 | -10.1 | 0.45 | 45.16 | 12.5 | 16.40 | -5.64 | -18.65 | 71.79 | 12.05 | 21.93 | 107.44 | 6.96 | 20.28 | -7.44 | -1558.55 | -169.64 | 19.97 | -20.85 | -12.53 |
| 24Q2 (19) | 3.55 | -23.33 | 6.61 | 25.15 | -7.37 | 2.24 | 14.55 | -7.32 | 6.13 | 14.49 | -12.13 | -0.14 | 11.53 | -11.72 | 0.79 | 6.46 | -16.1 | 3.86 | 3.88 | -17.62 | 5.15 | 0.31 | -8.82 | 0.0 | 17.38 | -8.81 | 1.22 | 64.07 | -31.5 | 6.15 | 100.45 | 5.43 | 6.23 | -0.45 | -109.36 | -108.1 | 25.23 | 4.34 | 1.16 |
| 24Q1 (18) | 4.63 | 22.16 | 18.11 | 27.15 | 3.78 | 7.61 | 15.70 | 9.94 | 1.09 | 16.49 | 19.06 | 7.15 | 13.06 | 14.76 | 7.31 | 7.70 | 29.63 | 14.24 | 4.71 | 17.75 | 16.58 | 0.34 | 3.03 | 9.68 | 19.06 | 15.87 | 6.18 | 93.53 | 66.45 | -3.76 | 95.28 | -7.51 | -5.58 | 4.79 | 254.17 | 625.39 | 24.18 | -6.39 | 11.22 |
| 23Q4 (17) | 3.79 | -30.71 | 18.07 | 26.16 | -2.42 | -9.86 | 14.28 | -10.02 | -1.31 | 13.85 | -22.06 | 1.99 | 11.38 | -20.7 | 7.66 | 5.94 | -35.29 | 15.34 | 4.00 | -33.77 | 15.94 | 0.33 | -17.5 | 6.45 | 16.45 | -18.4 | 0.43 | 56.19 | -4.57 | -3.4 | 103.02 | 15.34 | -3.27 | -3.11 | -129.11 | 52.18 | 25.83 | 13.14 | -0.08 |
| 23Q3 (16) | 5.47 | 64.26 | 19.17 | 26.81 | 8.98 | 14.47 | 15.87 | 15.75 | 16.18 | 17.77 | 22.47 | 10.65 | 14.35 | 25.44 | 20.89 | 9.18 | 47.59 | 15.62 | 6.04 | 63.69 | 15.49 | 0.40 | 29.03 | -4.76 | 20.16 | 17.41 | 10.04 | 58.88 | -2.45 | -0.2 | 89.32 | -5.54 | 4.96 | 10.68 | 92.97 | -28.65 | 22.83 | -8.46 | 16.42 |
| 23Q2 (15) | 3.33 | -15.05 | 9.9 | 24.60 | -2.5 | -1.76 | 13.71 | -11.72 | 3.94 | 14.51 | -5.72 | 12.48 | 11.44 | -6.0 | 12.05 | 6.22 | -7.72 | 7.43 | 3.69 | -8.66 | 5.43 | 0.31 | 0.0 | -6.06 | 17.17 | -4.35 | 12.44 | 60.36 | -37.89 | -0.4 | 94.56 | -6.29 | -7.49 | 5.53 | 706.77 | 349.57 | 24.94 | 14.72 | 0.61 |
| 23Q1 (14) | 3.92 | 22.12 | 6.23 | 25.23 | -13.06 | -3.18 | 15.53 | 7.33 | 11.17 | 15.39 | 13.33 | 8.46 | 12.17 | 15.14 | 8.37 | 6.74 | 30.87 | -1.03 | 4.04 | 17.1 | -0.74 | 0.31 | 0.0 | -11.43 | 17.95 | 9.58 | 10.19 | 97.18 | 67.06 | 16.59 | 100.91 | -5.25 | 2.54 | -0.91 | 85.97 | -157.31 | 21.74 | -15.9 | -6.41 |
| 22Q4 (13) | 3.21 | -30.07 | 13.43 | 29.02 | 23.91 | 22.24 | 14.47 | 5.93 | 40.35 | 13.58 | -15.44 | 24.25 | 10.57 | -10.95 | 20.8 | 5.15 | -35.14 | 3.0 | 3.45 | -34.03 | 5.5 | 0.31 | -26.19 | -13.89 | 16.38 | -10.59 | 26.19 | 58.17 | -1.41 | -4.78 | 106.50 | 25.15 | 12.94 | -6.50 | -143.43 | -214.02 | 25.85 | 31.82 | 1.73 |
| 22Q3 (12) | 4.59 | 51.49 | 41.67 | 23.42 | -6.47 | 11.36 | 13.66 | 3.56 | 11.69 | 16.06 | 24.5 | 31.0 | 11.87 | 16.26 | 24.55 | 7.94 | 37.13 | 27.65 | 5.23 | 49.43 | 26.94 | 0.42 | 27.27 | 0.0 | 18.32 | 19.97 | 28.38 | 59.00 | -2.64 | 10.9 | 85.10 | -16.75 | -14.73 | 14.97 | 774.94 | 7510.66 | 19.61 | -20.9 | 6.92 |
| 22Q2 (11) | 3.03 | -17.89 | 32.89 | 25.04 | -3.91 | 12.84 | 13.19 | -5.58 | 3.78 | 12.90 | -9.09 | 10.63 | 10.21 | -9.08 | 10.86 | 5.79 | -14.98 | 24.25 | 3.50 | -14.0 | 19.45 | 0.33 | -5.71 | 6.45 | 15.27 | -6.26 | 8.3 | 60.60 | -27.29 | 4.03 | 102.22 | 3.87 | -6.19 | -2.22 | -239.33 | 75.26 | 24.79 | 6.72 | 2.4 |
| 22Q1 (10) | 3.69 | 30.39 | 26.37 | 26.06 | 9.77 | 10.71 | 13.97 | 35.5 | 19.91 | 14.19 | 29.83 | 17.08 | 11.23 | 28.34 | 17.71 | 6.81 | 36.2 | 15.23 | 4.07 | 24.46 | 18.31 | 0.35 | -2.78 | 0.0 | 16.29 | 25.5 | 14.0 | 83.35 | 36.44 | 21.95 | 98.41 | 4.36 | 2.37 | 1.59 | -72.08 | -58.92 | 23.23 | -8.58 | -6.59 |
| 21Q4 (9) | 2.83 | -12.65 | 29.82 | 23.74 | 12.89 | 2.42 | 10.31 | -15.7 | 4.67 | 10.93 | -10.85 | 8.86 | 8.75 | -8.18 | 8.83 | 5.00 | -19.61 | 1.42 | 3.27 | -20.63 | 16.37 | 0.36 | -14.29 | 5.88 | 12.98 | -9.04 | 4.17 | 61.09 | 14.83 | -26.71 | 94.30 | -5.51 | -3.8 | 5.70 | 2798.81 | 188.36 | 25.41 | 38.55 | -11.62 |
| 21Q3 (8) | 3.24 | 42.11 | -10.74 | 21.03 | -5.23 | -12.67 | 12.23 | -3.78 | -4.82 | 12.26 | 5.15 | -3.99 | 9.53 | 3.47 | -5.08 | 6.22 | 33.48 | -29.16 | 4.12 | 40.61 | -16.6 | 0.42 | 35.48 | -14.29 | 14.27 | 1.21 | -2.33 | 53.20 | -8.67 | -30.47 | 99.80 | -8.41 | -0.78 | 0.20 | 102.19 | 133.6 | 18.34 | -24.25 | -18.81 |
| 21Q2 (7) | 2.28 | -21.92 | 41.61 | 22.19 | -5.73 | 1.28 | 12.71 | 9.1 | 35.5 | 11.66 | -3.8 | 10.0 | 9.21 | -3.46 | 20.39 | 4.66 | -21.15 | 18.88 | 2.93 | -14.83 | 21.58 | 0.31 | -11.43 | 0.0 | 14.10 | -1.33 | 3.6 | 58.25 | -14.78 | -30.0 | 108.96 | 13.36 | 23.23 | -8.96 | -331.37 | -177.43 | 24.21 | -2.65 | -20.96 |
| 21Q1 (6) | 2.92 | 33.94 | 50.52 | 23.54 | 1.55 | 19.98 | 11.65 | 18.27 | 19.86 | 12.12 | 20.72 | 27.18 | 9.54 | 18.66 | 37.46 | 5.91 | 19.88 | 30.75 | 3.44 | 22.42 | 12.79 | 0.35 | 2.94 | -16.67 | 14.29 | 14.69 | 17.32 | 68.35 | -18.0 | 33.71 | 96.13 | -1.94 | -5.81 | 3.87 | 95.96 | 288.54 | 24.87 | -13.5 | 3.54 |
| 20Q4 (5) | 2.18 | -39.94 | 15.34 | 23.18 | -3.74 | 20.98 | 9.85 | -23.35 | 7.53 | 10.04 | -21.38 | 30.39 | 8.04 | -19.92 | 24.46 | 4.93 | -43.85 | 7.17 | 2.81 | -43.12 | -6.33 | 0.34 | -30.61 | -22.73 | 12.46 | -14.72 | 22.16 | 83.35 | 8.94 | 38.0 | 98.02 | -2.55 | -17.57 | 1.98 | 437.73 | 110.45 | 28.75 | 27.27 | 0 |
| 20Q3 (4) | 3.63 | 125.47 | 0.0 | 24.08 | 9.9 | 0.0 | 12.85 | 36.99 | 0.0 | 12.77 | 20.47 | 0.0 | 10.04 | 31.24 | 0.0 | 8.78 | 123.98 | 0.0 | 4.94 | 104.98 | 0.0 | 0.49 | 58.06 | 0.0 | 14.61 | 7.35 | 0.0 | 76.51 | -8.06 | 0.0 | 100.59 | 13.75 | 0.0 | -0.59 | -105.06 | 0.0 | 22.59 | -26.25 | 0.0 |
| 20Q2 (3) | 1.61 | -17.01 | 0.0 | 21.91 | 11.67 | 0.0 | 9.38 | -3.5 | 0.0 | 10.60 | 11.23 | 0.0 | 7.65 | 10.23 | 0.0 | 3.92 | -13.27 | 0.0 | 2.41 | -20.98 | 0.0 | 0.31 | -26.19 | 0.0 | 13.61 | 11.74 | 0.0 | 83.22 | 62.79 | 0.0 | 88.42 | -13.36 | 0.0 | 11.58 | 663.41 | 0.0 | 30.63 | 27.52 | 0.0 |
| 20Q1 (2) | 1.94 | 2.65 | 0.0 | 19.62 | 2.4 | 0.0 | 9.72 | 6.11 | 0.0 | 9.53 | 23.77 | 0.0 | 6.94 | 7.43 | 0.0 | 4.52 | -1.74 | 0.0 | 3.05 | 1.67 | 0.0 | 0.42 | -4.55 | 0.0 | 12.18 | 19.41 | 0.0 | 51.12 | -15.36 | 0.0 | 102.05 | -14.18 | 0.0 | -2.05 | 89.14 | 0.0 | 24.02 | 0 | 0.0 |
| 19Q4 (1) | 1.89 | 0.0 | 0.0 | 19.16 | 0.0 | 0.0 | 9.16 | 0.0 | 0.0 | 7.70 | 0.0 | 0.0 | 6.46 | 0.0 | 0.0 | 4.60 | 0.0 | 0.0 | 3.00 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 10.20 | 0.0 | 0.0 | 60.40 | 0.0 | 0.0 | 118.91 | 0.0 | 0.0 | -18.91 | 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) | 16.50 | 13.56 | 25.78 | 0.19 | 14.91 | 7.97 | 1.65 | -3.49 | 15.49 | 8.32 | 12.43 | 12.69 | 25.72 | 6.24 | 17.27 | 8.89 | 1.32 | -4.35 | 18.03 | 8.09 | 56.19 | -3.4 | 96.28 | -0.31 | 3.74 | 9.31 | 0.10 | -15.34 | 23.79 | 2.85 |
| 2022 (9) | 14.53 | 29.73 | 25.73 | 13.9 | 13.81 | 18.14 | 1.71 | -3.32 | 14.30 | 21.7 | 11.03 | 19.11 | 24.21 | 8.27 | 15.86 | 17.74 | 1.38 | -2.82 | 16.68 | 20.09 | 58.17 | -4.78 | 96.58 | -2.94 | 3.42 | 583.84 | 0.12 | -22.41 | 23.13 | 0.57 |
| 2021 (8) | 11.20 | 19.79 | 22.59 | 1.07 | 11.69 | 9.25 | 1.77 | -14.35 | 11.75 | 7.8 | 9.26 | 11.03 | 22.36 | 4.15 | 13.47 | 5.56 | 1.42 | -4.7 | 13.89 | 4.44 | 61.09 | -26.71 | 99.50 | 1.4 | 0.50 | -73.35 | 0.15 | -20.8 | 23.00 | -11.4 |
| 2020 (7) | 9.35 | 7.97 | 22.35 | 11.42 | 10.70 | 16.18 | 2.07 | 11.11 | 10.90 | 20.31 | 8.34 | 16.97 | 21.47 | 0.61 | 12.76 | -10.46 | 1.49 | -21.58 | 13.30 | 16.46 | 83.35 | 38.0 | 98.12 | -3.45 | 1.88 | 0 | 0.19 | -10.94 | 25.96 | 12.82 |
| 2019 (6) | 8.66 | 20.28 | 20.06 | 1.21 | 9.21 | 11.5 | 1.86 | 25.25 | 9.06 | 11.03 | 7.13 | 12.11 | 21.34 | 21.87 | 14.25 | 17.67 | 1.90 | 4.4 | 11.42 | 13.52 | 60.40 | 12.21 | 101.63 | 0.4 | -1.63 | 0 | 0.22 | 55.95 | 23.01 | -3.03 |
| 2018 (5) | 7.20 | 16.5 | 19.82 | 2.53 | 8.26 | 4.56 | 1.49 | -7.02 | 8.16 | 12.86 | 6.36 | 9.84 | 17.51 | 16.35 | 12.11 | 15.77 | 1.82 | 4.6 | 10.06 | 9.11 | 53.83 | 12.69 | 101.23 | -7.36 | -1.23 | 0 | 0.14 | 0 | 23.73 | -0.92 |
| 2017 (4) | 6.18 | -16.37 | 19.33 | -5.34 | 7.90 | -10.33 | 1.60 | 6.64 | 7.23 | -16.22 | 5.79 | -16.93 | 15.05 | -12.96 | 10.46 | -11.95 | 1.74 | 4.82 | 9.22 | -12.11 | 47.77 | -5.41 | 109.28 | 7.03 | -9.34 | 0 | 0.00 | 0 | 23.95 | -1.07 |
| 2016 (3) | 7.39 | -32.2 | 20.42 | -13.47 | 8.81 | -22.38 | 1.50 | 20.44 | 8.63 | -25.09 | 6.97 | -25.21 | 17.29 | -31.39 | 11.88 | -31.61 | 1.66 | -9.29 | 10.49 | -19.56 | 50.50 | 3.57 | 102.10 | 3.67 | -2.10 | 0 | 0.00 | 0 | 24.21 | 7.6 |
| 2015 (2) | 10.90 | 13.31 | 23.60 | 8.91 | 11.35 | 13.61 | 1.25 | 5.36 | 11.52 | 14.86 | 9.32 | 14.08 | 25.20 | -0.32 | 17.37 | 9.38 | 1.83 | -3.17 | 13.04 | 12.9 | 48.76 | 3.86 | 98.48 | -1.15 | 1.52 | 298.99 | 0.00 | 0 | 22.50 | 13.98 |
| 2014 (1) | 9.62 | 19.95 | 21.67 | 0 | 9.99 | 0 | 1.18 | 9.73 | 10.03 | 0 | 8.17 | 0 | 25.28 | 0 | 15.88 | 0 | 1.89 | -3.57 | 11.55 | 8.25 | 46.95 | -47.48 | 99.62 | 0.97 | 0.38 | -71.43 | 0.00 | 0 | 19.74 | 5.79 |
