- 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) | 1.16 | -1.69 | -14.07 | 24.34 | -4.96 | -1.1 | 8.53 | -13.4 | -10.49 | 9.92 | -9.9 | -19.28 | 7.98 | -7.21 | -20.2 | 1.89 | -1.05 | -17.83 | 1.60 | 0.63 | -17.1 | 0.20 | 11.11 | 5.26 | 12.40 | -9.09 | -17.17 | 13.77 | -41.7 | -18.81 | 85.90 | -4.34 | 10.56 | 14.10 | 32.89 | -37.81 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.18 | -20.27 | 0.85 | 25.61 | -2.33 | 4.57 | 9.85 | -15.38 | -1.7 | 11.01 | -15.95 | -1.78 | 8.60 | -18.02 | -1.49 | 1.91 | -20.42 | -3.54 | 1.59 | -22.06 | -4.79 | 0.18 | -5.26 | -5.26 | 13.64 | -12.45 | -0.15 | 23.62 | 39.76 | 9.1 | 89.80 | 0.94 | 0.51 | 10.61 | -3.85 | -0.41 | 11.68 | 2.82 | 6.09 |
| 24Q1 (18) | 1.48 | 12.98 | 13.85 | 26.22 | -3.89 | 11.57 | 11.64 | 14.91 | 9.3 | 13.10 | 26.2 | 20.63 | 10.49 | 25.18 | 22.69 | 2.40 | 10.6 | 10.6 | 2.04 | 10.27 | 10.27 | 0.19 | -13.64 | -13.64 | 15.58 | 23.36 | 21.81 | 16.90 | -6.58 | 6.62 | 88.96 | -8.95 | -9.0 | 11.04 | 381.94 | 491.57 | 11.36 | 15.21 | 16.63 |
| 23Q4 (17) | 1.31 | -2.96 | -2.96 | 27.28 | 10.85 | 17.48 | 10.13 | 6.3 | -3.8 | 10.38 | -15.54 | -1.61 | 8.38 | -16.2 | 1.45 | 2.17 | -5.65 | -5.65 | 1.85 | -4.15 | -4.15 | 0.22 | 15.79 | -4.35 | 12.63 | -15.63 | 2.43 | 18.09 | 6.66 | -6.12 | 97.71 | 25.76 | -1.94 | 2.29 | -89.9 | 538.93 | 9.86 | -8.79 | 5.23 |
| 23Q3 (16) | 1.35 | 15.38 | 26.17 | 24.61 | 0.49 | 16.86 | 9.53 | -4.89 | 37.52 | 12.29 | 9.63 | 30.33 | 10.00 | 14.55 | 35.69 | 2.30 | 16.16 | 23.66 | 1.93 | 15.57 | 26.97 | 0.19 | 0.0 | -9.52 | 14.97 | 9.59 | 30.4 | 16.96 | -21.66 | -14.34 | 77.70 | -13.04 | 5.99 | 22.68 | 112.81 | -15.06 | 10.81 | -1.82 | 9.97 |
| 23Q2 (15) | 1.17 | -10.0 | -7.87 | 24.49 | 4.21 | 15.85 | 10.02 | -5.92 | 27.48 | 11.21 | 3.22 | -2.1 | 8.73 | 2.11 | -2.68 | 1.98 | -8.76 | -9.59 | 1.67 | -9.73 | -7.73 | 0.19 | -13.64 | -5.0 | 13.66 | 6.8 | -0.44 | 21.65 | 36.59 | -14.22 | 89.34 | -8.61 | 30.05 | 10.66 | 471.15 | -65.95 | 11.01 | 13.04 | 13.74 |
| 23Q1 (14) | 1.30 | -3.7 | -3.7 | 23.50 | 1.21 | 2.17 | 10.65 | 1.14 | 5.24 | 10.86 | 2.94 | -3.81 | 8.55 | 3.51 | -3.5 | 2.17 | -5.65 | -6.47 | 1.85 | -4.15 | -4.64 | 0.22 | -4.35 | 0.0 | 12.79 | 3.73 | -1.92 | 15.85 | -17.75 | -12.77 | 97.76 | -1.89 | 9.15 | 1.87 | 420.52 | -82.12 | 9.74 | 3.95 | 8.58 |
| 22Q4 (13) | 1.35 | 26.17 | 26.17 | 23.22 | 10.26 | -1.11 | 10.53 | 51.95 | 37.11 | 10.55 | 11.88 | 20.85 | 8.26 | 12.08 | 15.69 | 2.30 | 23.66 | 21.05 | 1.93 | 26.97 | 22.15 | 0.23 | 9.52 | 4.55 | 12.33 | 7.4 | 17.21 | 19.27 | -2.68 | -12.09 | 99.64 | 35.93 | 13.03 | 0.36 | -98.66 | -96.97 | 9.37 | -4.68 | -1.99 |
| 22Q3 (12) | 1.07 | -15.75 | -21.32 | 21.06 | -0.38 | -17.09 | 6.93 | -11.83 | -40.62 | 9.43 | -17.64 | -26.27 | 7.37 | -17.84 | -26.96 | 1.86 | -15.07 | -22.18 | 1.52 | -16.02 | -25.49 | 0.21 | 5.0 | 5.0 | 11.48 | -16.33 | -21.1 | 19.80 | -21.55 | 4.98 | 73.30 | 6.7 | -19.77 | 26.70 | -14.7 | 209.24 | 9.83 | 1.55 | 1.34 |
| 22Q2 (11) | 1.27 | -5.93 | 0.79 | 21.14 | -8.09 | -12.14 | 7.86 | -22.33 | -32.88 | 11.45 | 1.42 | -1.04 | 8.97 | 1.24 | -4.27 | 2.19 | -5.6 | -0.9 | 1.81 | -6.7 | -5.24 | 0.20 | -9.09 | 0.0 | 13.72 | 5.21 | 3.24 | 25.24 | 38.91 | 57.16 | 68.70 | -23.3 | -32.11 | 31.30 | 200.03 | 2729.01 | 9.68 | 7.92 | 3.97 |
| 22Q1 (10) | 1.35 | 26.17 | -23.3 | 23.00 | -2.04 | -18.9 | 10.12 | 31.77 | -31.34 | 11.29 | 29.32 | -26.83 | 8.86 | 24.09 | -35.19 | 2.32 | 22.11 | -27.5 | 1.94 | 22.78 | -29.45 | 0.22 | 0.0 | 10.0 | 13.04 | 23.95 | -24.49 | 18.17 | -17.11 | 13.35 | 89.57 | 1.61 | -6.07 | 10.43 | -11.96 | 140.67 | 8.97 | -6.17 | -8.19 |
| 21Q4 (9) | 1.07 | -21.32 | -23.57 | 23.48 | -7.56 | -16.29 | 7.68 | -34.19 | -36.79 | 8.73 | -31.74 | -31.42 | 7.14 | -29.24 | -29.79 | 1.90 | -20.5 | -28.03 | 1.58 | -22.55 | -30.4 | 0.22 | 10.0 | 0.0 | 10.52 | -27.7 | -27.05 | 21.92 | 16.22 | 26.12 | 88.15 | -3.52 | -7.62 | 11.85 | 37.24 | 158.84 | 9.56 | -1.44 | -4.78 |
| 21Q3 (8) | 1.36 | 7.94 | -1.45 | 25.40 | 5.57 | -6.72 | 11.67 | -0.34 | -13.36 | 12.79 | 10.54 | -8.12 | 10.09 | 7.68 | -10.71 | 2.39 | 8.14 | -11.48 | 2.04 | 6.81 | -10.53 | 0.20 | 0.0 | 0.0 | 14.55 | 9.48 | -8.03 | 18.86 | 17.43 | 25.65 | 91.37 | -9.71 | -5.55 | 8.63 | 825.18 | 164.75 | 9.70 | 4.19 | -1.02 |
| 21Q2 (7) | 1.26 | -28.41 | 4.13 | 24.06 | -15.16 | -7.32 | 11.71 | -20.56 | -6.92 | 11.57 | -25.02 | -10.52 | 9.37 | -31.46 | -11.02 | 2.21 | -30.94 | -5.56 | 1.91 | -30.55 | -3.54 | 0.20 | 0.0 | 5.26 | 13.29 | -23.05 | -11.1 | 16.06 | 0.19 | -25.99 | 101.19 | 6.12 | 3.79 | -1.19 | -127.47 | -147.62 | 9.31 | -4.71 | -8.99 |
| 21Q1 (6) | 1.76 | 25.71 | 55.75 | 28.36 | 1.11 | 15.66 | 14.74 | 21.32 | 37.24 | 15.43 | 21.21 | 22.27 | 13.67 | 34.41 | 42.4 | 3.20 | 21.21 | 47.47 | 2.75 | 21.15 | 47.06 | 0.20 | -9.09 | 0.0 | 17.27 | 19.76 | 18.78 | 16.03 | -7.77 | 5.32 | 95.36 | -0.07 | 12.1 | 4.33 | -5.31 | -70.98 | 9.77 | -2.69 | -2.79 |
| 20Q4 (5) | 1.40 | 1.45 | 2.94 | 28.05 | 3.01 | 9.66 | 12.15 | -9.8 | 13.13 | 12.73 | -8.55 | 19.31 | 10.17 | -10.0 | 2.83 | 2.64 | -2.22 | 0.0 | 2.27 | -0.44 | 0.0 | 0.22 | 10.0 | -4.35 | 14.42 | -8.85 | 16.95 | 17.38 | 15.79 | 7.09 | 95.42 | -1.36 | -5.37 | 4.58 | 40.38 | 644.72 | 10.04 | 2.45 | 11.56 |
| 20Q3 (4) | 1.38 | 14.05 | 0.0 | 27.23 | 4.89 | 0.0 | 13.47 | 7.07 | 0.0 | 13.92 | 7.66 | 0.0 | 11.30 | 7.31 | 0.0 | 2.70 | 15.38 | 0.0 | 2.28 | 15.15 | 0.0 | 0.20 | 5.26 | 0.0 | 15.82 | 5.82 | 0.0 | 15.01 | -30.83 | 0.0 | 96.74 | -0.78 | 0.0 | 3.26 | 30.43 | 0.0 | 9.80 | -4.2 | 0.0 |
| 20Q2 (3) | 1.21 | 7.08 | 0.0 | 25.96 | 5.87 | 0.0 | 12.58 | 17.13 | 0.0 | 12.93 | 2.46 | 0.0 | 10.53 | 9.69 | 0.0 | 2.34 | 7.83 | 0.0 | 1.98 | 5.88 | 0.0 | 0.19 | -5.0 | 0.0 | 14.95 | 2.82 | 0.0 | 21.70 | 42.58 | 0.0 | 97.50 | 14.62 | 0.0 | 2.50 | -83.26 | 0.0 | 10.23 | 1.79 | 0.0 |
| 20Q1 (2) | 1.13 | -16.91 | 0.0 | 24.52 | -4.14 | 0.0 | 10.74 | 0.0 | 0.0 | 12.62 | 18.28 | 0.0 | 9.60 | -2.93 | 0.0 | 2.17 | -17.8 | 0.0 | 1.87 | -17.62 | 0.0 | 0.20 | -13.04 | 0.0 | 14.54 | 17.92 | 0.0 | 15.22 | -6.22 | 0.0 | 85.06 | -15.65 | 0.0 | 14.94 | 1877.59 | 0.0 | 10.05 | 11.67 | 0.0 |
| 19Q4 (1) | 1.36 | 0.0 | 0.0 | 25.58 | 0.0 | 0.0 | 10.74 | 0.0 | 0.0 | 10.67 | 0.0 | 0.0 | 9.89 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 2.27 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 12.33 | 0.0 | 0.0 | 16.23 | 0.0 | 0.0 | 100.84 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | 9.00 | 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) | 5.13 | 1.99 | 25.01 | 12.86 | 10.10 | 13.1 | 2.27 | 19.27 | 11.15 | 4.4 | 8.89 | 6.21 | 8.59 | -0.92 | 7.24 | 0.42 | 0.81 | -5.81 | 13.45 | 6.49 | 18.09 | -6.12 | 90.60 | 8.43 | 9.40 | -42.52 | 0.03 | -40.73 | 10.32 | 9.21 |
| 2022 (9) | 5.03 | -7.71 | 22.16 | -12.2 | 8.93 | -21.04 | 1.90 | 7.3 | 10.68 | -11.0 | 8.37 | -15.88 | 8.67 | -11.62 | 7.21 | -12.07 | 0.86 | 4.88 | 12.63 | -8.41 | 19.27 | -12.09 | 83.56 | -11.36 | 16.35 | 185.12 | 0.04 | -1.57 | 9.45 | -1.36 |
| 2021 (8) | 5.45 | 6.24 | 25.24 | -4.79 | 11.31 | -7.6 | 1.77 | -5.07 | 12.00 | -7.98 | 9.95 | -4.33 | 9.81 | 1.45 | 8.20 | -0.97 | 0.82 | 2.5 | 13.79 | -7.57 | 21.92 | 26.12 | 94.27 | 0.44 | 5.73 | -6.66 | 0.04 | -23.73 | 9.58 | -4.49 |
| 2020 (7) | 5.13 | 21.85 | 26.51 | 6.98 | 12.24 | 23.51 | 1.87 | 0.07 | 13.04 | 21.3 | 10.40 | 20.93 | 9.67 | 19.24 | 8.28 | 20.0 | 0.80 | 0.0 | 14.92 | 18.04 | 17.38 | 7.09 | 93.86 | 1.73 | 6.14 | -20.62 | 0.06 | -4.93 | 10.03 | 1.72 |
| 2019 (6) | 4.21 | -8.68 | 24.78 | 3.86 | 9.91 | 7.14 | 1.86 | 36.27 | 10.75 | -2.36 | 8.60 | -7.33 | 8.11 | -9.18 | 6.90 | -7.88 | 0.80 | -1.23 | 12.64 | 1.85 | 16.23 | -14.4 | 92.26 | 9.75 | 7.74 | -51.78 | 0.06 | -23.04 | 9.86 | 1.86 |
| 2018 (5) | 4.61 | -5.53 | 23.86 | -12.73 | 9.25 | -32.33 | 1.37 | 26.2 | 11.01 | -20.33 | 9.28 | -10.08 | 8.93 | -6.39 | 7.49 | -6.37 | 0.81 | 3.85 | 12.41 | -16.88 | 18.96 | -2.47 | 84.07 | -15.05 | 16.05 | 1443.26 | 0.08 | 0 | 9.68 | 2.33 |
| 2017 (4) | 4.88 | -25.15 | 27.34 | -5.89 | 13.67 | -9.77 | 1.08 | 16.44 | 13.82 | -16.5 | 10.32 | -25.43 | 9.54 | -26.67 | 8.00 | -26.61 | 0.78 | -1.27 | 14.93 | -14.64 | 19.44 | 1.36 | 98.96 | 8.03 | 1.04 | -87.62 | 0.00 | 0 | 9.46 | -0.53 |
| 2016 (3) | 6.52 | 12.41 | 29.05 | -0.95 | 15.15 | -0.26 | 0.93 | 4.4 | 16.55 | 8.74 | 13.84 | 18.9 | 13.01 | 8.33 | 10.90 | 9.0 | 0.79 | -8.14 | 17.49 | 8.43 | 19.18 | -1.79 | 91.60 | -8.25 | 8.40 | 5061.41 | 0.00 | 0 | 9.51 | 13.76 |
| 2015 (2) | 5.80 | -9.23 | 29.33 | 3.82 | 15.19 | -3.37 | 0.89 | -5.1 | 15.22 | 1.81 | 11.64 | -6.66 | 12.01 | -12.84 | 10.00 | -12.28 | 0.86 | -5.49 | 16.13 | 1.32 | 19.53 | -5.7 | 99.84 | -5.06 | 0.16 | 0 | 0.00 | 0 | 8.36 | 7.46 |
| 2014 (1) | 6.39 | 0.95 | 28.25 | 0 | 15.72 | 0 | 0.94 | -3.12 | 14.95 | 0 | 12.47 | 0 | 13.78 | 0 | 11.40 | 0 | 0.91 | -4.21 | 15.92 | -3.28 | 20.71 | -2.63 | 105.16 | 16.33 | -5.08 | 0 | 0.00 | 0 | 7.78 | 3.32 |
