- 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) | 1.14 | 1.79 | 7.55 | 18.11 | -3.57 | 0.95 | 14.67 | -0.68 | 1.8 | 15.58 | -2.69 | 4.85 | 12.71 | -1.4 | 5.65 | 6.44 | 12.59 | 0.0 | 4.20 | 12.0 | 4.48 | 0.33 | 13.79 | 0.0 | 16.81 | -3.45 | 4.09 | 56.32 | 1.97 | -20.8 | 94.27 | 1.91 | -3.01 | 5.73 | -23.55 | 75.03 | 3.95 | -17.19 | -7.71 |
| 24Q2 (19) | 1.12 | 13.13 | 93.1 | 18.78 | -5.77 | 42.71 | 14.77 | -6.46 | 72.35 | 16.01 | -0.19 | 46.61 | 12.89 | 3.29 | 49.02 | 5.72 | 7.92 | 77.09 | 3.75 | 6.53 | 71.23 | 0.29 | 3.57 | 16.0 | 17.41 | -1.02 | 39.17 | 55.23 | 0.88 | 0.16 | 92.51 | -6.14 | 17.54 | 7.49 | 421.73 | -64.83 | 4.77 | -13.74 | -15.28 |
| 24Q1 (18) | 0.99 | -2.94 | 47.76 | 19.93 | 17.03 | 25.98 | 15.79 | 17.14 | 38.63 | 16.04 | 17.94 | 37.33 | 12.48 | 8.43 | 33.76 | 5.30 | -8.46 | 40.21 | 3.52 | -4.09 | 34.35 | 0.28 | -9.68 | 0.0 | 17.59 | 17.58 | 34.07 | 54.75 | 4.39 | 15.82 | 98.56 | -0.93 | 0.99 | 1.44 | 40.67 | -40.19 | 5.53 | 58.45 | -3.49 |
| 23Q4 (17) | 1.02 | -3.77 | -9.73 | 17.03 | -5.07 | -8.09 | 13.48 | -6.45 | -10.67 | 13.60 | -8.48 | -10.64 | 11.51 | -4.32 | -7.85 | 5.79 | -10.09 | -14.98 | 3.67 | -8.71 | -21.75 | 0.31 | -6.06 | -16.22 | 14.96 | -7.37 | -8.84 | 52.45 | -26.24 | 13.55 | 99.49 | 2.36 | 0.47 | 1.02 | -68.8 | 4.08 | 3.49 | -18.46 | -0.29 |
| 23Q3 (16) | 1.06 | 82.76 | 125.53 | 17.94 | 36.32 | 51.26 | 14.41 | 68.14 | 100.14 | 14.86 | 36.08 | 79.04 | 12.03 | 39.08 | 74.6 | 6.44 | 99.38 | 113.95 | 4.02 | 83.56 | 94.2 | 0.33 | 32.0 | 13.79 | 16.15 | 29.1 | 65.13 | 71.11 | 28.96 | 50.4 | 97.20 | 23.5 | 11.64 | 3.27 | -84.64 | -74.72 | 4.28 | -23.98 | -18.63 |
| 23Q2 (15) | 0.58 | -13.43 | -6.45 | 13.16 | -16.81 | -9.05 | 8.57 | -24.76 | -20.65 | 10.92 | -6.51 | -0.18 | 8.65 | -7.29 | 5.1 | 3.23 | -14.55 | -7.45 | 2.19 | -16.41 | -7.59 | 0.25 | -10.71 | -10.71 | 12.51 | -4.65 | 2.88 | 55.14 | 16.65 | 10.43 | 78.70 | -19.36 | -20.6 | 21.30 | 787.35 | 1113.89 | 5.63 | -1.75 | 4.65 |
| 23Q1 (14) | 0.67 | -40.71 | -14.1 | 15.82 | -14.62 | 24.86 | 11.39 | -24.52 | 34.47 | 11.68 | -23.26 | -11.11 | 9.33 | -25.3 | -11.23 | 3.78 | -44.49 | -11.06 | 2.62 | -44.14 | -10.88 | 0.28 | -24.32 | 0.0 | 13.12 | -20.05 | -8.51 | 47.27 | 2.34 | -2.31 | 97.60 | -1.43 | 51.45 | 2.40 | 144.8 | -93.25 | 5.73 | 63.71 | 9.77 |
| 22Q4 (13) | 1.13 | 140.43 | 13.0 | 18.53 | 56.24 | 19.94 | 15.09 | 109.58 | 32.37 | 15.22 | 83.37 | 32.35 | 12.49 | 81.28 | 5.05 | 6.81 | 126.25 | 17.41 | 4.69 | 126.57 | 21.19 | 0.37 | 27.59 | 15.62 | 16.41 | 67.79 | 30.24 | 46.19 | -2.31 | 5.07 | 99.02 | 13.74 | -0.23 | 0.98 | -92.42 | 30.39 | 3.50 | -33.46 | -0.85 |
| 22Q3 (12) | 0.47 | -24.19 | 0.0 | 11.86 | -18.04 | 24.06 | 7.20 | -33.33 | 9.42 | 8.30 | -24.13 | 16.9 | 6.89 | -16.28 | 17.78 | 3.01 | -13.75 | 4.88 | 2.07 | -12.66 | 10.11 | 0.29 | 3.57 | -6.45 | 9.78 | -19.57 | 19.41 | 47.28 | -5.31 | -20.48 | 87.06 | -12.17 | -5.79 | 12.94 | 637.65 | 70.39 | 5.26 | -2.23 | 45.71 |
| 22Q2 (11) | 0.62 | -20.51 | -62.65 | 14.47 | 14.21 | -24.2 | 10.80 | 27.51 | -32.92 | 10.94 | -16.74 | -35.23 | 8.23 | -21.69 | -40.71 | 3.49 | -17.88 | -62.87 | 2.37 | -19.39 | -59.07 | 0.28 | 0.0 | -31.71 | 12.16 | -15.2 | -31.61 | 49.93 | 3.18 | -6.45 | 99.12 | 53.81 | 4.16 | 1.75 | -95.07 | -63.74 | 5.38 | 3.07 | 34.84 |
| 22Q1 (10) | 0.78 | -22.0 | 116.67 | 12.67 | -17.99 | 8.57 | 8.47 | -25.7 | 16.99 | 13.14 | 14.26 | 84.03 | 10.51 | -11.61 | 84.71 | 4.25 | -26.72 | 95.85 | 2.94 | -24.03 | 121.05 | 0.28 | -12.5 | 27.27 | 14.34 | 13.81 | 63.51 | 48.39 | 10.08 | -35.34 | 64.44 | -35.07 | -36.69 | 35.56 | 4628.89 | 2091.11 | 5.22 | 47.88 | -24.35 |
| 21Q4 (9) | 1.00 | 112.77 | 7.53 | 15.45 | 61.61 | -24.3 | 11.40 | 73.25 | -30.36 | 11.50 | 61.97 | -30.89 | 11.89 | 103.25 | -10.33 | 5.80 | 102.09 | 0.0 | 3.87 | 105.85 | 13.49 | 0.32 | 3.23 | 23.08 | 12.60 | 53.85 | -29.17 | 43.96 | -26.07 | -35.68 | 99.25 | 7.41 | 0.66 | 0.75 | -90.1 | -46.24 | 3.53 | -2.22 | -21.9 |
| 21Q3 (8) | 0.47 | -71.69 | -50.53 | 9.56 | -49.92 | -48.68 | 6.58 | -59.13 | -54.5 | 7.10 | -57.96 | -54.05 | 5.85 | -57.85 | -53.09 | 2.87 | -69.47 | -54.37 | 1.88 | -67.53 | -51.42 | 0.31 | -24.39 | 0.0 | 8.19 | -53.94 | -50.6 | 59.46 | 11.41 | -18.41 | 92.41 | -2.9 | -0.75 | 7.59 | 56.96 | 22.36 | 3.61 | -9.52 | -35.42 |
| 21Q2 (7) | 1.66 | 361.11 | 163.49 | 19.09 | 63.58 | 17.33 | 16.10 | 122.38 | 31.21 | 16.89 | 136.55 | 35.55 | 13.88 | 143.94 | 45.04 | 9.40 | 333.18 | 117.09 | 5.79 | 335.34 | 105.32 | 0.41 | 86.36 | 41.38 | 17.78 | 102.74 | 29.22 | 53.37 | -28.69 | -6.27 | 95.16 | -6.51 | -3.89 | 4.84 | 370.97 | 144.35 | 3.99 | -42.17 | -33.61 |
| 21Q1 (6) | 0.36 | -61.29 | 100.0 | 11.67 | -42.82 | 7.46 | 7.24 | -55.77 | 46.56 | 7.14 | -57.09 | 58.31 | 5.69 | -57.09 | 57.62 | 2.17 | -62.59 | 93.75 | 1.33 | -61.0 | 72.73 | 0.22 | -15.38 | 10.0 | 8.77 | -50.7 | 35.76 | 74.84 | 9.5 | 30.59 | 101.79 | 3.23 | -5.75 | -1.79 | -227.68 | 77.68 | 6.90 | 52.65 | 0 |
| 20Q4 (5) | 0.93 | -2.11 | 8.14 | 20.41 | 9.55 | 22.8 | 16.37 | 13.21 | 29.61 | 16.64 | 7.7 | 34.3 | 13.26 | 6.34 | 36.14 | 5.80 | -7.79 | 5.65 | 3.41 | -11.89 | -4.48 | 0.26 | -16.13 | -27.78 | 17.79 | 7.3 | 31.78 | 68.35 | -6.22 | 25.0 | 98.60 | 5.91 | -2.99 | 1.40 | -77.47 | 185.31 | 4.52 | -19.14 | 0 |
| 20Q3 (4) | 0.95 | 50.79 | 0.0 | 18.63 | 14.51 | 0.0 | 14.46 | 17.85 | 0.0 | 15.45 | 24.0 | 0.0 | 12.47 | 30.3 | 0.0 | 6.29 | 45.27 | 0.0 | 3.87 | 37.23 | 0.0 | 0.31 | 6.9 | 0.0 | 16.58 | 20.49 | 0.0 | 72.88 | 27.99 | 0.0 | 93.10 | -5.97 | 0.0 | 6.21 | 213.45 | 0.0 | 5.59 | -6.99 | 0.0 |
| 20Q2 (3) | 0.63 | 250.0 | 0.0 | 16.27 | 49.82 | 0.0 | 12.27 | 148.38 | 0.0 | 12.46 | 176.27 | 0.0 | 9.57 | 165.1 | 0.0 | 4.33 | 286.61 | 0.0 | 2.82 | 266.23 | 0.0 | 0.29 | 45.0 | 0.0 | 13.76 | 113.0 | 0.0 | 56.94 | -0.65 | 0.0 | 99.01 | -8.32 | 0.0 | 1.98 | 124.75 | 0.0 | 6.01 | 0 | 0.0 |
| 20Q1 (2) | 0.18 | -79.07 | 0.0 | 10.86 | -34.66 | 0.0 | 4.94 | -60.89 | 0.0 | 4.51 | -63.6 | 0.0 | 3.61 | -62.94 | 0.0 | 1.12 | -79.6 | 0.0 | 0.77 | -78.43 | 0.0 | 0.20 | -44.44 | 0.0 | 6.46 | -52.15 | 0.0 | 57.31 | 4.81 | 0.0 | 108.00 | 6.26 | 0.0 | -8.00 | -388.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.86 | 0.0 | 0.0 | 16.62 | 0.0 | 0.0 | 12.63 | 0.0 | 0.0 | 12.39 | 0.0 | 0.0 | 9.74 | 0.0 | 0.0 | 5.49 | 0.0 | 0.0 | 3.57 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 13.50 | 0.0 | 0.0 | 54.68 | 0.0 | 0.0 | 101.64 | 0.0 | 0.0 | -1.64 | 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) | 3.21 | 10.69 | 16.26 | 10.76 | 12.32 | 14.82 | 1.13 | 4.59 | 13.02 | 7.25 | 10.62 | 9.03 | 19.05 | 10.88 | 12.99 | 8.25 | 1.20 | -1.64 | 14.42 | 7.61 | 52.45 | 13.55 | 94.57 | 6.88 | 5.43 | -52.84 | 0.02 | 0 | 4.63 | -2.53 |
| 2022 (9) | 2.90 | -11.31 | 14.68 | 1.03 | 10.73 | -2.63 | 1.08 | 16.66 | 12.14 | 6.4 | 9.74 | -2.31 | 17.18 | -14.44 | 12.00 | -8.81 | 1.22 | -6.15 | 13.40 | 6.94 | 46.19 | 5.07 | 88.48 | -8.51 | 11.52 | 230.36 | 0.00 | 0 | 4.75 | 10.72 |
| 2021 (8) | 3.27 | 22.47 | 14.53 | -15.23 | 11.02 | -13.5 | 0.93 | -16.04 | 11.41 | -12.77 | 9.97 | -3.95 | 20.08 | 17.29 | 13.16 | 22.53 | 1.30 | 27.45 | 12.53 | -12.99 | 43.96 | -35.68 | 96.71 | -0.65 | 3.49 | 31.29 | 0.00 | 0 | 4.29 | -27.66 |
| 2020 (7) | 2.67 | 22.48 | 17.14 | 26.22 | 12.74 | 34.96 | 1.11 | -8.45 | 13.08 | 35.12 | 10.38 | 33.76 | 17.12 | 21.68 | 10.74 | 13.05 | 1.02 | -15.0 | 14.40 | 30.2 | 68.35 | 25.0 | 97.34 | -0.03 | 2.66 | 1.3 | 0.00 | 0 | 5.93 | 8.61 |
| 2019 (6) | 2.18 | 23.86 | 13.58 | 33.53 | 9.44 | 39.85 | 1.21 | 7.05 | 9.68 | 37.5 | 7.76 | 32.88 | 14.07 | 16.57 | 9.50 | 13.1 | 1.20 | -14.89 | 11.06 | 33.09 | 54.68 | 18.41 | 97.38 | 1.22 | 2.62 | -37.84 | 0.00 | 0 | 5.46 | 16.67 |
| 2018 (5) | 1.76 | 34.35 | 10.17 | 3.56 | 6.75 | 25.0 | 1.13 | -18.7 | 7.04 | 14.85 | 5.84 | 8.96 | 12.07 | 27.72 | 8.40 | 27.08 | 1.41 | 16.53 | 8.31 | 8.34 | 46.18 | -2.98 | 96.20 | 9.2 | 4.22 | -64.56 | 0.00 | 0 | 4.68 | -9.48 |
| 2017 (4) | 1.31 | 55.95 | 9.82 | -9.83 | 5.40 | 6.93 | 1.39 | -18.39 | 6.13 | 24.09 | 5.36 | 34.0 | 9.45 | 49.53 | 6.61 | 45.92 | 1.21 | 12.04 | 7.67 | 11.48 | 47.60 | 8.26 | 88.10 | -14.13 | 11.90 | 0 | 0.00 | 0 | 5.17 | -12.67 |
| 2016 (3) | 0.84 | 500.0 | 10.89 | 71.77 | 5.05 | 327.97 | 1.70 | -13.41 | 4.94 | 394.0 | 4.00 | 506.06 | 6.32 | 485.19 | 4.53 | 376.84 | 1.08 | 0.93 | 6.88 | 113.66 | 43.97 | -10.48 | 102.59 | -12.07 | -1.72 | 0 | 0.00 | 0 | 5.92 | 7.83 |
| 2015 (2) | 0.14 | -81.08 | 6.34 | 20.76 | 1.18 | -15.11 | 1.96 | 11.58 | 1.00 | -69.97 | 0.66 | -78.36 | 1.08 | -81.12 | 0.95 | -75.7 | 1.07 | -10.83 | 3.22 | -39.81 | 49.12 | -9.19 | 116.67 | 179.39 | -16.67 | 0 | 0.00 | 0 | 5.49 | 20.13 |
| 2014 (1) | 0.74 | 174.07 | 5.25 | 0 | 1.39 | 0 | 1.76 | 6.3 | 3.33 | 0 | 3.05 | 0 | 5.72 | 0 | 3.91 | 0 | 1.20 | -1.64 | 5.35 | 61.63 | 54.09 | -8.07 | 41.76 | -49.38 | 58.24 | 232.81 | 0.00 | 0 | 4.57 | 11.74 |
