- 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) | 1.48 | -0.67 | 2.07 | 24.59 | -1.4 | 0.74 | 17.08 | -2.73 | 6.68 | 19.92 | -0.35 | -11.74 | 16.40 | -3.64 | -10.68 | 4.34 | 1.4 | -0.23 | 3.15 | -0.94 | -2.78 | 0.19 | 0.0 | 11.76 | 25.29 | -1.52 | -13.27 | 37.13 | -9.97 | 11.74 | 85.89 | -2.05 | 21.23 | 14.35 | 18.93 | -50.77 | 8.27 | 6.3 | 0.98 |
| 24Q2 (19) | 1.49 | 24.17 | -28.37 | 24.94 | 5.05 | -15.63 | 17.56 | 9.41 | -24.38 | 19.99 | 5.32 | -20.33 | 17.02 | 6.04 | -18.95 | 4.28 | 28.14 | -28.31 | 3.18 | 25.69 | -28.7 | 0.19 | 18.75 | -9.52 | 25.68 | -0.66 | -15.55 | 41.24 | 40.13 | 5.66 | 87.68 | 3.83 | -5.24 | 12.07 | -22.38 | 61.67 | 7.78 | -13.46 | 7.31 |
| 24Q1 (18) | 1.20 | -4.0 | -14.29 | 23.74 | -0.34 | 5.14 | 16.05 | -1.83 | -3.95 | 18.98 | 5.92 | 7.78 | 16.05 | 5.8 | 11.61 | 3.34 | -7.48 | -15.44 | 2.53 | -4.89 | -15.1 | 0.16 | -11.11 | -20.0 | 25.85 | 7.8 | 12.05 | 29.43 | -23.74 | -5.76 | 84.45 | -7.45 | -11.1 | 15.55 | 77.77 | 210.98 | 8.99 | 2.16 | 48.35 |
| 23Q4 (17) | 1.25 | -13.79 | -17.76 | 23.82 | -2.42 | 5.82 | 16.35 | 2.12 | -2.74 | 17.92 | -20.6 | -9.81 | 15.17 | -17.37 | -3.8 | 3.61 | -17.01 | -18.69 | 2.66 | -17.9 | -13.64 | 0.18 | 5.88 | -5.26 | 23.98 | -17.76 | -5.81 | 38.59 | 16.13 | -0.52 | 91.25 | 28.81 | 7.76 | 8.75 | -70.0 | -42.89 | 8.80 | 7.45 | 48.4 |
| 23Q3 (16) | 1.45 | -30.29 | -24.87 | 24.41 | -17.42 | 12.02 | 16.01 | -31.05 | 1.27 | 22.57 | -10.04 | 8.15 | 18.36 | -12.57 | 6.99 | 4.35 | -27.14 | -26.4 | 3.24 | -27.35 | -15.84 | 0.17 | -19.05 | -22.73 | 29.16 | -4.11 | 13.91 | 33.23 | -14.86 | -37.85 | 70.84 | -23.44 | -6.34 | 29.16 | 290.56 | 20.6 | 8.19 | 12.97 | 50.83 |
| 23Q2 (15) | 2.08 | 48.57 | -13.69 | 29.56 | 30.91 | 24.94 | 23.22 | 38.96 | 23.44 | 25.09 | 42.48 | 23.84 | 21.00 | 46.04 | 23.89 | 5.97 | 51.14 | -17.31 | 4.46 | 49.66 | -6.11 | 0.21 | 5.0 | -25.0 | 30.41 | 31.82 | 27.51 | 39.03 | 24.98 | -31.62 | 92.53 | -2.6 | -0.3 | 7.47 | 49.31 | 3.89 | 7.25 | 19.64 | 27.19 |
| 23Q1 (14) | 1.40 | -7.89 | -5.41 | 22.58 | 0.31 | 4.78 | 16.71 | -0.59 | 5.49 | 17.61 | -11.37 | -0.28 | 14.38 | -8.81 | -0.21 | 3.95 | -11.04 | -9.61 | 2.98 | -3.25 | 2.05 | 0.20 | 5.26 | 0.0 | 23.07 | -9.39 | 1.76 | 31.23 | -19.49 | -37.44 | 95.00 | 12.18 | 6.09 | 5.00 | -67.35 | -52.16 | 6.06 | 2.19 | 1.85 |
| 22Q4 (13) | 1.52 | -21.24 | 44.76 | 22.51 | 3.3 | 27.03 | 16.81 | 6.33 | 36.56 | 19.87 | -4.79 | 45.14 | 15.77 | -8.1 | 33.64 | 4.44 | -24.87 | 37.04 | 3.08 | -20.0 | 45.28 | 0.19 | -13.64 | 5.56 | 25.46 | -0.55 | 28.91 | 38.79 | -27.45 | -28.19 | 84.68 | 11.96 | -5.65 | 15.32 | -36.65 | 49.46 | 5.93 | 9.21 | -13.05 |
| 22Q3 (12) | 1.93 | -19.92 | 35.92 | 21.79 | -7.9 | 3.47 | 15.81 | -15.95 | -2.17 | 20.87 | 3.01 | 18.58 | 17.16 | 1.24 | 19.58 | 5.91 | -18.14 | 31.04 | 3.85 | -18.95 | 36.52 | 0.22 | -21.43 | 15.79 | 25.60 | 7.34 | 10.68 | 53.47 | -6.32 | -9.16 | 75.64 | -18.5 | -17.63 | 24.18 | 236.45 | 195.97 | 5.43 | -4.74 | -9.8 |
| 22Q2 (11) | 2.41 | 62.84 | 92.8 | 23.66 | 9.79 | 11.6 | 18.81 | 18.75 | 20.35 | 20.26 | 14.72 | 16.37 | 16.95 | 17.63 | 14.53 | 7.22 | 65.22 | 78.27 | 4.75 | 62.67 | 90.0 | 0.28 | 40.0 | 64.71 | 23.85 | 5.21 | -0.33 | 57.08 | 14.34 | -14.37 | 92.81 | 3.65 | 3.43 | 7.19 | -31.25 | -29.99 | 5.70 | -4.2 | -19.61 |
| 22Q1 (10) | 1.48 | 40.95 | 46.53 | 21.55 | 21.61 | 2.86 | 15.84 | 28.68 | 0.7 | 17.66 | 29.0 | 3.15 | 14.41 | 22.12 | 2.78 | 4.37 | 34.88 | 29.67 | 2.92 | 37.74 | 41.06 | 0.20 | 11.11 | 42.86 | 22.67 | 14.78 | -8.18 | 49.92 | -7.59 | -21.5 | 89.55 | -0.23 | -2.62 | 10.45 | 1.99 | 29.96 | 5.95 | -12.76 | -19.38 |
| 21Q4 (9) | 1.05 | -26.06 | 16.67 | 17.72 | -15.86 | -27.14 | 12.31 | -23.82 | -26.38 | 13.69 | -22.22 | -15.23 | 11.80 | -17.77 | -17.02 | 3.24 | -28.16 | 5.19 | 2.12 | -24.82 | 15.85 | 0.18 | -5.26 | 50.0 | 19.75 | -14.61 | -19.72 | 54.02 | -8.22 | -23.87 | 89.75 | -2.26 | -13.24 | 10.25 | 25.45 | 397.17 | 6.82 | 13.29 | -24.14 |
| 21Q3 (8) | 1.42 | 13.6 | 102.86 | 21.06 | -0.66 | 0.86 | 16.16 | 3.39 | 21.14 | 17.60 | 1.09 | 4.64 | 14.35 | -3.04 | 5.51 | 4.51 | 11.36 | 82.59 | 2.82 | 12.8 | 100.0 | 0.19 | 11.76 | 90.0 | 23.13 | -3.34 | -16.35 | 58.86 | -11.7 | -23.66 | 91.83 | 2.34 | 15.53 | 8.17 | -20.42 | -60.18 | 6.02 | -15.09 | -31.2 |
| 21Q2 (7) | 1.25 | 23.76 | 78.57 | 21.20 | 1.19 | 7.4 | 15.63 | -0.64 | 21.73 | 17.41 | 1.69 | 2.96 | 14.80 | 5.56 | 2.64 | 4.05 | 20.18 | 69.46 | 2.50 | 20.77 | 74.83 | 0.17 | 21.43 | 70.0 | 23.93 | -3.08 | -14.93 | 66.66 | 4.83 | -21.99 | 89.74 | -2.42 | 18.01 | 10.26 | 27.63 | -57.16 | 7.09 | -3.93 | -21.22 |
| 21Q1 (6) | 1.01 | 12.22 | 29.49 | 20.95 | -13.86 | 12.33 | 15.73 | -5.92 | 11.88 | 17.12 | 6.01 | 20.39 | 14.02 | -1.41 | 25.4 | 3.37 | 9.42 | 36.44 | 2.07 | 13.11 | 32.69 | 0.14 | 16.67 | 0.0 | 24.69 | 0.37 | 10.82 | 63.59 | -10.39 | 1.4 | 91.96 | -11.11 | -6.84 | 8.04 | 333.22 | 521.91 | 7.38 | -17.91 | 9.01 |
| 20Q4 (5) | 0.90 | 28.57 | 36.36 | 24.32 | 16.48 | 26.14 | 16.72 | 25.34 | 26.0 | 16.15 | -3.98 | 15.44 | 14.22 | 4.56 | 38.73 | 3.08 | 24.7 | 45.97 | 1.83 | 29.79 | 41.86 | 0.12 | 20.0 | 0.0 | 24.60 | -11.03 | 9.04 | 70.96 | -7.96 | 10.32 | 103.45 | 30.14 | 9.17 | -3.45 | -116.81 | -165.83 | 8.99 | 2.74 | 7.79 |
| 20Q3 (4) | 0.70 | 0.0 | 0.0 | 20.88 | 5.78 | 0.0 | 13.34 | 3.89 | 0.0 | 16.82 | -0.53 | 0.0 | 13.60 | -5.69 | 0.0 | 2.47 | 3.35 | 0.0 | 1.41 | -1.4 | 0.0 | 0.10 | 0.0 | 0.0 | 27.65 | -1.71 | 0.0 | 77.10 | -9.77 | 0.0 | 79.49 | 4.53 | 0.0 | 20.51 | -14.38 | 0.0 | 8.75 | -2.78 | 0.0 |
| 20Q2 (3) | 0.70 | -10.26 | 0.0 | 19.74 | 5.84 | 0.0 | 12.84 | -8.68 | 0.0 | 16.91 | 18.92 | 0.0 | 14.42 | 28.98 | 0.0 | 2.39 | -3.24 | 0.0 | 1.43 | -8.33 | 0.0 | 0.10 | -28.57 | 0.0 | 28.13 | 26.26 | 0.0 | 85.45 | 36.26 | 0.0 | 76.04 | -22.96 | 0.0 | 23.96 | 1752.78 | 0.0 | 9.00 | 32.94 | 0.0 |
| 20Q1 (2) | 0.78 | 18.18 | 0.0 | 18.65 | -3.27 | 0.0 | 14.06 | 5.95 | 0.0 | 14.22 | 1.64 | 0.0 | 11.18 | 9.07 | 0.0 | 2.47 | 17.06 | 0.0 | 1.56 | 20.93 | 0.0 | 0.14 | 16.67 | 0.0 | 22.28 | -1.24 | 0.0 | 62.71 | -2.5 | 0.0 | 98.71 | 4.16 | 0.0 | 1.29 | -75.31 | 0.0 | 6.77 | -18.82 | 0.0 |
| 19Q4 (1) | 0.66 | 0.0 | 0.0 | 19.28 | 0.0 | 0.0 | 13.27 | 0.0 | 0.0 | 13.99 | 0.0 | 0.0 | 10.25 | 0.0 | 0.0 | 2.11 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 22.56 | 0.0 | 0.0 | 64.32 | 0.0 | 0.0 | 94.76 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 8.34 | 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) | 6.18 | -15.69 | 25.20 | 12.15 | 18.27 | 7.66 | 5.52 | 28.8 | 20.84 | 5.57 | 17.27 | 6.74 | 17.63 | -18.76 | 12.85 | -14.45 | 0.74 | -19.57 | 26.67 | 9.48 | 38.59 | -0.52 | 87.65 | 1.98 | 12.35 | -12.12 | 0.00 | 0 | 7.49 | 30.49 |
| 2022 (9) | 7.33 | 54.97 | 22.47 | 11.18 | 16.97 | 13.59 | 4.28 | -26.58 | 19.74 | 20.07 | 16.18 | 17.84 | 21.70 | 42.76 | 15.02 | 56.78 | 0.92 | 35.29 | 24.36 | 7.03 | 38.79 | -28.19 | 85.95 | -5.41 | 14.05 | 53.75 | 0.00 | 0 | 5.74 | -15.21 |
| 2021 (8) | 4.73 | 53.07 | 20.21 | -3.21 | 14.94 | 4.11 | 5.84 | -32.4 | 16.44 | 3.59 | 13.73 | 4.02 | 15.20 | 52.15 | 9.58 | 55.27 | 0.68 | 51.11 | 22.76 | -10.04 | 54.02 | -23.87 | 90.86 | 0.42 | 9.14 | -3.98 | 0.00 | 0 | 6.77 | -18.04 |
| 2020 (7) | 3.09 | -44.52 | 20.88 | -14.71 | 14.35 | -24.95 | 8.63 | 53.18 | 15.87 | -24.96 | 13.20 | -23.3 | 9.99 | -43.37 | 6.17 | -44.31 | 0.45 | -28.57 | 25.30 | -7.22 | 70.96 | 10.32 | 90.48 | 0.08 | 9.52 | -0.77 | 0.00 | 0 | 8.26 | 28.06 |
| 2019 (6) | 5.57 | -14.31 | 24.48 | -2.82 | 19.12 | -7.86 | 5.64 | 76.05 | 21.15 | -3.99 | 17.21 | -2.82 | 17.64 | -17.18 | 11.08 | -16.5 | 0.63 | -16.0 | 27.27 | 7.24 | 64.32 | 8.48 | 90.41 | -3.99 | 9.59 | 65.98 | 0.00 | 0 | 6.45 | 16.22 |
| 2018 (5) | 6.50 | 30.0 | 25.19 | -1.14 | 20.75 | 3.7 | 3.20 | -24.6 | 22.03 | 0.73 | 17.71 | -8.48 | 21.30 | 20.89 | 13.27 | 13.23 | 0.75 | 25.0 | 25.43 | -3.93 | 59.29 | -6.59 | 94.17 | 2.91 | 5.78 | -31.99 | 0.00 | 0 | 5.55 | -19.8 |
| 2017 (4) | 5.00 | 12.36 | 25.48 | -10.63 | 20.01 | -6.71 | 4.25 | -18.82 | 21.87 | -7.09 | 19.35 | -4.21 | 17.62 | 12.52 | 11.72 | -1.6 | 0.60 | 1.69 | 26.47 | -8.91 | 63.47 | 58.75 | 91.50 | 0.46 | 8.50 | -3.82 | 0.00 | 0 | 6.92 | -3.35 |
| 2016 (3) | 4.45 | -17.13 | 28.51 | 5.83 | 21.45 | 2.58 | 5.23 | 10.72 | 23.54 | -6.33 | 20.20 | -6.48 | 15.66 | -11.33 | 11.91 | -20.01 | 0.59 | -14.49 | 29.06 | -3.07 | 39.98 | 67.35 | 91.08 | 9.45 | 8.84 | -47.35 | 0.00 | 0 | 7.16 | -0.14 |
| 2015 (2) | 5.37 | -43.47 | 26.94 | -15.12 | 20.91 | -21.8 | 4.72 | 49.12 | 25.13 | -12.86 | 21.60 | -12.12 | 17.66 | -40.52 | 14.89 | -42.38 | 0.69 | -34.29 | 29.98 | -6.58 | 23.89 | 66.6 | 83.22 | -10.25 | 16.78 | 130.46 | 0.00 | 0 | 7.17 | 31.08 |
| 2014 (1) | 9.50 | -1.04 | 31.74 | 0 | 26.74 | 0 | 3.17 | 19.38 | 28.84 | 0 | 24.58 | 0 | 29.69 | 0 | 25.84 | 0 | 1.05 | -6.25 | 32.09 | -0.06 | 14.34 | -8.72 | 92.72 | -0.66 | 7.28 | 9.23 | 0.00 | 0 | 5.47 | 7.89 |
