- 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) | 4.75 | 2.81 | 10.98 | 19.89 | -6.36 | -13.63 | 12.28 | -1.68 | -10.63 | 11.74 | -15.11 | -22.25 | 9.40 | -11.07 | -11.65 | 9.47 | 4.87 | -13.36 | 3.90 | -0.51 | -19.42 | 0.41 | 10.81 | -8.89 | 12.90 | -14.06 | -20.52 | 138.00 | -9.04 | 15.27 | 104.65 | 15.88 | 15.05 | -4.68 | -148.35 | -151.85 | 6.57 | -10.85 | -21.13 |
| 24Q2 (19) | 4.62 | 14.93 | 14.93 | 21.24 | 1.77 | -4.97 | 12.49 | 22.57 | -3.4 | 13.83 | -6.62 | -9.43 | 10.57 | -11.18 | -5.29 | 9.03 | 11.76 | -13.42 | 3.92 | 5.38 | -18.16 | 0.37 | 19.35 | -13.95 | 15.01 | -7.69 | -8.98 | 151.72 | 32.56 | 12.29 | 90.31 | 31.21 | 6.67 | 9.69 | -68.88 | -36.81 | 7.37 | -21.6 | -13.8 |
| 24Q1 (18) | 4.02 | -0.5 | 10.14 | 20.87 | -13.4 | -4.7 | 10.19 | -30.77 | -22.45 | 14.81 | 18.96 | 14.81 | 11.90 | 15.98 | 14.98 | 8.08 | -13.3 | -14.77 | 3.72 | -12.06 | -16.59 | 0.31 | -24.39 | -27.91 | 16.26 | 18.51 | 14.75 | 114.45 | -8.16 | 9.92 | 68.83 | -41.79 | -32.42 | 31.14 | 270.59 | 1782.0 | 9.40 | 19.29 | 9.56 |
| 23Q4 (17) | 4.04 | -5.61 | -3.81 | 24.10 | 4.65 | 8.51 | 14.72 | 7.13 | 6.98 | 12.45 | -17.55 | -0.56 | 10.26 | -3.57 | -2.84 | 9.32 | -14.73 | -23.29 | 4.23 | -12.6 | -20.93 | 0.41 | -8.89 | -18.0 | 13.72 | -15.47 | 0.66 | 124.62 | 4.09 | -0.69 | 118.25 | 30.0 | 7.57 | -18.25 | -302.02 | -84.44 | 7.88 | -5.4 | 2.87 |
| 23Q3 (16) | 4.28 | 6.47 | -2.95 | 23.03 | 3.04 | 4.54 | 13.74 | 6.26 | 7.93 | 15.10 | -1.11 | -5.03 | 10.64 | -4.66 | -11.04 | 10.93 | 4.79 | -24.98 | 4.84 | 1.04 | -21.3 | 0.45 | 4.65 | -11.76 | 16.23 | -1.58 | -4.75 | 119.72 | -11.39 | -9.84 | 90.97 | 7.44 | 13.59 | 9.03 | -41.07 | -54.65 | 8.33 | -2.57 | 0.12 |
| 23Q2 (15) | 4.02 | 10.14 | 8.06 | 22.35 | 2.05 | 2.57 | 12.93 | -1.6 | -1.22 | 15.27 | 18.37 | 8.45 | 11.16 | 7.83 | 0.63 | 10.43 | 10.02 | -17.87 | 4.79 | 7.4 | -14.31 | 0.43 | 0.0 | -14.0 | 16.49 | 16.37 | 7.78 | 135.11 | 29.76 | -6.31 | 84.67 | -16.87 | -8.93 | 15.33 | 928.26 | 118.13 | 8.55 | -0.35 | 4.14 |
| 23Q1 (14) | 3.65 | -13.1 | 58.01 | 21.90 | -1.4 | 15.57 | 13.14 | -4.51 | 36.88 | 12.90 | 3.04 | 27.47 | 10.35 | -1.99 | 26.53 | 9.48 | -21.98 | 20.0 | 4.46 | -16.64 | 22.53 | 0.43 | -14.0 | -2.27 | 14.17 | 3.96 | 22.68 | 104.12 | -17.02 | -8.52 | 101.85 | -7.35 | 7.31 | -1.85 | 81.29 | -135.92 | 8.58 | 12.01 | -2.5 |
| 22Q4 (13) | 4.20 | -4.76 | 53.28 | 22.21 | 0.82 | 8.55 | 13.76 | 8.09 | 33.08 | 12.52 | -21.26 | 16.68 | 10.56 | -11.71 | 18.65 | 12.15 | -16.61 | 17.5 | 5.35 | -13.01 | 17.32 | 0.50 | -1.96 | -1.96 | 13.63 | -20.01 | 13.68 | 125.48 | -5.5 | 0.24 | 109.93 | 37.28 | 14.09 | -9.90 | -149.68 | -371.61 | 7.66 | -7.93 | -7.6 |
| 22Q3 (12) | 4.41 | 18.55 | 125.0 | 22.03 | 1.1 | 17.56 | 12.73 | -2.75 | 43.03 | 15.90 | 12.93 | 75.11 | 11.96 | 7.84 | 65.88 | 14.57 | 14.72 | 78.55 | 6.15 | 10.02 | 88.07 | 0.51 | 2.0 | 13.33 | 17.04 | 11.37 | 63.53 | 132.78 | -7.93 | 1.37 | 80.08 | -13.87 | -18.26 | 19.92 | 183.41 | 882.51 | 8.32 | 1.34 | -2.69 |
| 22Q2 (11) | 3.72 | 61.04 | 116.28 | 21.79 | 14.99 | 24.73 | 13.09 | 36.35 | 65.07 | 14.08 | 39.13 | 73.61 | 11.09 | 35.57 | 62.37 | 12.70 | 60.76 | 88.43 | 5.59 | 53.57 | 98.93 | 0.50 | 13.64 | 21.95 | 15.30 | 32.47 | 61.05 | 144.21 | 26.7 | -16.52 | 92.97 | -2.04 | -4.94 | 7.03 | 36.38 | 220.24 | 8.21 | -6.7 | -5.41 |
| 22Q1 (10) | 2.31 | -15.69 | 14.36 | 18.95 | -7.38 | -1.25 | 9.60 | -7.16 | 5.49 | 10.12 | -5.68 | -2.69 | 8.18 | -8.09 | -3.88 | 7.90 | -23.6 | 5.76 | 3.64 | -20.18 | 4.6 | 0.44 | -13.73 | 7.32 | 11.55 | -3.67 | -2.7 | 113.82 | -9.07 | -2.52 | 94.91 | -1.5 | 8.41 | 5.15 | 41.47 | -58.62 | 8.80 | 6.15 | -5.17 |
| 21Q4 (9) | 2.74 | 39.8 | 11.84 | 20.46 | 9.18 | -1.63 | 10.34 | 16.18 | -13.04 | 10.73 | 18.17 | 0.66 | 8.90 | 23.44 | 2.77 | 10.34 | 26.72 | 4.44 | 4.56 | 39.45 | -0.44 | 0.51 | 13.33 | -3.77 | 11.99 | 15.07 | 1.35 | 125.18 | -4.43 | 8.96 | 96.36 | -1.65 | -13.6 | 3.64 | 79.69 | 131.62 | 8.29 | -3.04 | -4.38 |
| 21Q3 (8) | 1.96 | 13.95 | -27.14 | 18.74 | 7.27 | -20.59 | 8.90 | 12.23 | -36.97 | 9.08 | 11.96 | -29.28 | 7.21 | 5.56 | -30.81 | 8.16 | 21.07 | -33.5 | 3.27 | 16.37 | -35.38 | 0.45 | 9.76 | -6.25 | 10.42 | 9.68 | -26.26 | 130.98 | -24.18 | 8.72 | 97.97 | 0.17 | -10.89 | 2.03 | -7.63 | 120.37 | 8.55 | -1.5 | 3.51 |
| 21Q2 (7) | 1.72 | -14.85 | -16.91 | 17.47 | -8.96 | -15.97 | 7.93 | -12.86 | -27.71 | 8.11 | -22.02 | -26.74 | 6.83 | -19.74 | -25.36 | 6.74 | -9.77 | -26.42 | 2.81 | -19.25 | -26.25 | 0.41 | 0.0 | 0.0 | 9.50 | -19.97 | -23.88 | 172.74 | 47.94 | 1.36 | 97.81 | 11.72 | -1.42 | 2.19 | -82.38 | 155.52 | 8.68 | -6.47 | 0 |
| 21Q1 (6) | 2.02 | -17.55 | 8.6 | 19.19 | -7.74 | -0.57 | 9.10 | -23.47 | -4.41 | 10.40 | -2.44 | -5.54 | 8.51 | -1.73 | -3.41 | 7.47 | -24.55 | -3.86 | 3.48 | -24.02 | 0.0 | 0.41 | -22.64 | 5.13 | 11.87 | 0.34 | -4.51 | 116.76 | 1.63 | -1.87 | 87.55 | -21.5 | 1.27 | 12.45 | 208.09 | -8.12 | 9.28 | 7.04 | 0 |
| 20Q4 (5) | 2.45 | -8.92 | 26.29 | 20.80 | -11.86 | 5.42 | 11.89 | -15.79 | 15.44 | 10.66 | -16.98 | 13.04 | 8.66 | -16.89 | 12.76 | 9.90 | -19.32 | 13.14 | 4.58 | -9.49 | 18.35 | 0.53 | 10.42 | 6.0 | 11.83 | -16.28 | 12.45 | 114.89 | -4.63 | -12.02 | 111.52 | 1.43 | 2.04 | -11.52 | -15.79 | -24.95 | 8.67 | 4.96 | 18.44 |
| 20Q3 (4) | 2.69 | 29.95 | 0.0 | 23.60 | 13.52 | 0.0 | 14.12 | 28.71 | 0.0 | 12.84 | 15.99 | 0.0 | 10.42 | 13.88 | 0.0 | 12.27 | 33.95 | 0.0 | 5.06 | 32.81 | 0.0 | 0.48 | 17.07 | 0.0 | 14.13 | 13.22 | 0.0 | 120.47 | -29.31 | 0.0 | 109.95 | 10.82 | 0.0 | -9.95 | -1258.5 | 0.0 | 8.26 | 0 | 0.0 |
| 20Q2 (3) | 2.07 | 11.29 | 0.0 | 20.79 | 7.72 | 0.0 | 10.97 | 15.23 | 0.0 | 11.07 | 0.54 | 0.0 | 9.15 | 3.86 | 0.0 | 9.16 | 17.89 | 0.0 | 3.81 | 9.48 | 0.0 | 0.41 | 5.13 | 0.0 | 12.48 | 0.4 | 0.0 | 170.43 | 43.23 | 0.0 | 99.21 | 14.77 | 0.0 | 0.86 | -93.66 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.86 | -4.12 | 0.0 | 19.30 | -2.18 | 0.0 | 9.52 | -7.57 | 0.0 | 11.01 | 16.76 | 0.0 | 8.81 | 14.71 | 0.0 | 7.77 | -11.2 | 0.0 | 3.48 | -10.08 | 0.0 | 0.39 | -22.0 | 0.0 | 12.43 | 18.16 | 0.0 | 118.99 | -8.88 | 0.0 | 86.44 | -20.91 | 0.0 | 13.56 | 247.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.94 | 0.0 | 0.0 | 19.73 | 0.0 | 0.0 | 10.30 | 0.0 | 0.0 | 9.43 | 0.0 | 0.0 | 7.68 | 0.0 | 0.0 | 8.75 | 0.0 | 0.0 | 3.87 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | 10.52 | 0.0 | 0.0 | 130.58 | 0.0 | 0.0 | 109.30 | 0.0 | 0.0 | -9.22 | 0.0 | 0.0 | 7.32 | 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) | 15.99 | 9.22 | 22.88 | 6.92 | 13.66 | 9.46 | 1.04 | 0.02 | 13.94 | 4.73 | 10.60 | 0.19 | 39.11 | -13.84 | 17.50 | -13.71 | 1.64 | -13.68 | 15.16 | 4.41 | 124.62 | -0.69 | 98.03 | 4.57 | 1.97 | -68.53 | 0.31 | -13.74 | 8.32 | 1.46 |
| 2022 (9) | 14.64 | 73.46 | 21.40 | 12.45 | 12.48 | 36.69 | 1.04 | -13.93 | 13.31 | 38.36 | 10.58 | 34.09 | 45.39 | 44.88 | 20.28 | 41.52 | 1.90 | 5.56 | 14.52 | 32.36 | 125.48 | 0.24 | 93.74 | -1.26 | 6.26 | 23.66 | 0.36 | 17.19 | 8.20 | -5.42 |
| 2021 (8) | 8.44 | -6.95 | 19.03 | -10.28 | 9.13 | -22.36 | 1.21 | 3.74 | 9.62 | -15.69 | 7.89 | -14.89 | 31.33 | -15.35 | 14.33 | -14.45 | 1.80 | 0.0 | 10.97 | -13.76 | 125.18 | 8.96 | 94.94 | -7.88 | 5.06 | 0 | 0.31 | 27.46 | 8.67 | -0.91 |
| 2020 (7) | 9.07 | 1.8 | 21.21 | 6.85 | 11.76 | 7.89 | 1.17 | 27.35 | 11.41 | 3.16 | 9.27 | 3.81 | 37.01 | -13.71 | 16.75 | -12.44 | 1.80 | -15.49 | 12.72 | 5.39 | 114.89 | -12.02 | 103.06 | 4.59 | -3.06 | 0 | 0.24 | 31.07 | 8.75 | 14.98 |
| 2019 (6) | 8.91 | 67.17 | 19.85 | 9.97 | 10.90 | 35.24 | 0.92 | 48.55 | 11.06 | 28.9 | 8.93 | 30.36 | 42.89 | 44.75 | 19.13 | 33.12 | 2.13 | 1.43 | 12.07 | 30.2 | 130.58 | 10.92 | 98.53 | 4.92 | 1.47 | -75.87 | 0.19 | 15.81 | 7.61 | -3.55 |
| 2018 (5) | 5.33 | 13.89 | 18.05 | -8.47 | 8.06 | -9.74 | 0.62 | -10.72 | 8.58 | -3.38 | 6.85 | -2.28 | 29.63 | 7.2 | 14.37 | 1.99 | 2.10 | 4.48 | 9.27 | -3.94 | 117.72 | 24.84 | 93.92 | -6.55 | 6.08 | 0 | 0.16 | 0 | 7.89 | -4.36 |
| 2017 (4) | 4.68 | 33.33 | 19.72 | -3.57 | 8.93 | 8.11 | 0.69 | -24.23 | 8.88 | 4.59 | 7.01 | 9.02 | 27.64 | 24.62 | 14.09 | 21.26 | 2.01 | 11.05 | 9.65 | 0.84 | 94.30 | -3.81 | 100.49 | 3.27 | -0.49 | 0 | 0.00 | 0 | 8.25 | -8.84 |
| 2016 (3) | 3.51 | 60.27 | 20.45 | 7.8 | 8.26 | 37.9 | 0.91 | -24.75 | 8.49 | 41.74 | 6.43 | 36.52 | 22.18 | 49.66 | 11.62 | 45.07 | 1.81 | 6.47 | 9.57 | 28.98 | 98.04 | 17.78 | 97.31 | -2.56 | 2.69 | 1893.6 | 0.00 | 0 | 9.05 | -8.49 |
| 2015 (2) | 2.19 | 80.99 | 18.97 | 24.39 | 5.99 | 430.09 | 1.21 | -12.32 | 5.99 | 94.48 | 4.71 | 67.02 | 14.82 | 68.79 | 8.01 | 71.89 | 1.70 | 3.03 | 7.42 | 57.54 | 83.24 | -4.44 | 99.87 | 171.45 | 0.13 | -99.79 | 0.00 | 0 | 9.89 | -10.58 |
| 2014 (1) | 1.21 | 14.15 | 15.25 | 0 | 1.13 | 0 | 1.38 | -7.64 | 3.08 | 0 | 2.82 | 0 | 8.78 | 0 | 4.66 | 0 | 1.65 | -0.6 | 4.71 | -3.88 | 87.11 | -4.38 | 36.79 | -34.61 | 63.21 | 44.51 | 0.00 | 0 | 11.06 | -2.12 |
