- 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) | 2.05 | -17.67 | -26.26 | 12.68 | -5.3 | 7.19 | 4.09 | -13.53 | -9.91 | 4.17 | -28.35 | -28.84 | 3.33 | -26.33 | -30.62 | 3.36 | -21.13 | -30.86 | 1.68 | -21.5 | -31.15 | 0.50 | 6.38 | -1.96 | 4.86 | -25.8 | -26.14 | 99.69 | -3.06 | 0.5 | 97.88 | 20.51 | 26.35 | 2.12 | -88.75 | -90.61 | 5.38 | -12.94 | 0.75 |
| 24Q2 (19) | 2.49 | -15.59 | 6.41 | 13.39 | 5.6 | -2.76 | 4.73 | 1.07 | -19.83 | 5.82 | -7.32 | -5.83 | 4.52 | -13.58 | -5.64 | 4.26 | -15.81 | -0.7 | 2.14 | -20.45 | 0.94 | 0.47 | -7.84 | 6.82 | 6.55 | -6.16 | -7.09 | 102.84 | 6.77 | 3.5 | 81.22 | 8.99 | -14.98 | 18.81 | -26.15 | 321.18 | 6.18 | 9.57 | -2.52 |
| 24Q1 (18) | 2.95 | 235.23 | 1.03 | 12.68 | 17.73 | -9.04 | 4.68 | 67.74 | -26.65 | 6.28 | 285.28 | -7.37 | 5.23 | 248.67 | -7.43 | 5.06 | 241.89 | -3.8 | 2.69 | 240.51 | -1.47 | 0.51 | -1.92 | 6.25 | 6.98 | 199.57 | -8.04 | 96.32 | 19.8 | -9.76 | 74.52 | -56.46 | -20.73 | 25.48 | 135.8 | 328.03 | 5.64 | 12.35 | -5.69 |
| 23Q4 (17) | 0.88 | -68.35 | 35.38 | 10.77 | -8.96 | 32.8 | 2.79 | -38.55 | 206.59 | 1.63 | -72.18 | 28.35 | 1.50 | -68.75 | 11.94 | 1.48 | -69.55 | 30.97 | 0.79 | -67.62 | 19.7 | 0.52 | 1.96 | 6.12 | 2.33 | -64.59 | 9.91 | 80.40 | -18.94 | 1.2 | 171.16 | 120.94 | 138.52 | -71.16 | -415.82 | -351.99 | 5.02 | -5.99 | 17.29 |
| 23Q3 (16) | 2.78 | 18.8 | 46.32 | 11.83 | -14.09 | -7.0 | 4.54 | -23.05 | 13.5 | 5.86 | -5.18 | 8.92 | 4.80 | 0.21 | 15.11 | 4.86 | 13.29 | 42.11 | 2.44 | 15.09 | 31.18 | 0.51 | 15.91 | 15.91 | 6.58 | -6.67 | 4.11 | 99.19 | -0.17 | 50.45 | 77.47 | -18.91 | 4.41 | 22.53 | 404.41 | -12.52 | 5.34 | -15.77 | -13.03 |
| 23Q2 (15) | 2.34 | -19.86 | -35.0 | 13.77 | -1.22 | -15.05 | 5.90 | -7.52 | -29.59 | 6.18 | -8.85 | -25.99 | 4.79 | -15.22 | -24.45 | 4.29 | -18.44 | -36.82 | 2.12 | -22.34 | -29.8 | 0.44 | -8.33 | -6.38 | 7.05 | -7.11 | -22.78 | 99.36 | -6.91 | -5.47 | 95.53 | 1.62 | -4.75 | 4.47 | -24.95 | 1477.92 | 6.34 | 6.02 | 14.23 |
| 23Q1 (14) | 2.92 | 349.23 | -48.23 | 13.94 | 71.89 | -24.03 | 6.38 | 601.1 | -28.95 | 6.78 | 433.86 | -36.69 | 5.65 | 321.64 | -37.15 | 5.26 | 365.49 | -50.14 | 2.73 | 313.64 | -40.0 | 0.48 | -2.04 | -5.88 | 7.59 | 258.02 | -33.36 | 106.74 | 34.35 | -28.04 | 94.01 | 31.01 | 12.14 | 5.95 | -78.92 | -63.21 | 5.98 | 39.72 | -4.17 |
| 22Q4 (13) | 0.65 | -65.79 | -85.84 | 8.11 | -36.24 | -54.08 | 0.91 | -77.25 | -89.0 | 1.27 | -76.39 | -84.9 | 1.34 | -67.87 | -80.91 | 1.13 | -66.96 | -86.86 | 0.66 | -64.52 | -83.29 | 0.49 | 11.36 | -12.5 | 2.12 | -66.46 | -76.52 | 79.45 | 20.51 | -31.73 | 71.76 | -3.28 | -27.0 | 28.24 | 9.63 | 1583.89 | 4.28 | -30.29 | -12.65 |
| 22Q3 (12) | 1.90 | -47.22 | -64.08 | 12.72 | -21.53 | -32.16 | 4.00 | -52.27 | -60.2 | 5.38 | -35.57 | -47.87 | 4.17 | -34.23 | -51.29 | 3.42 | -49.63 | -68.65 | 1.86 | -38.41 | -61.41 | 0.44 | -6.38 | -21.43 | 6.32 | -30.78 | -42.18 | 65.93 | -37.28 | -44.93 | 74.19 | -26.03 | -23.83 | 25.76 | 8045.45 | 890.77 | 6.14 | 10.63 | 10.23 |
| 22Q2 (11) | 3.60 | -36.17 | -30.9 | 16.21 | -11.66 | -21.27 | 8.38 | -6.68 | -24.78 | 8.35 | -22.04 | -28.94 | 6.34 | -29.48 | -33.26 | 6.79 | -35.64 | -39.59 | 3.02 | -33.63 | -40.78 | 0.47 | -7.84 | -12.96 | 9.13 | -19.84 | -26.49 | 105.11 | -29.14 | -21.46 | 100.30 | 19.63 | 5.76 | -0.32 | -102.0 | -106.28 | 5.55 | -11.06 | -13.28 |
| 22Q1 (10) | 5.64 | 22.88 | 14.17 | 18.35 | 3.91 | -3.78 | 8.98 | 8.59 | -13.74 | 10.71 | 27.35 | -0.19 | 8.99 | 28.06 | 3.45 | 10.55 | 22.67 | -4.95 | 4.55 | 15.19 | -12.5 | 0.51 | -8.93 | -15.0 | 11.39 | 26.14 | 0.44 | 148.34 | 27.46 | 38.38 | 83.84 | -14.71 | -13.54 | 16.18 | 864.76 | 430.94 | 6.24 | 27.35 | 5.94 |
| 21Q4 (9) | 4.59 | -13.23 | 94.49 | 17.66 | -5.81 | 24.45 | 8.27 | -17.71 | 58.13 | 8.41 | -18.51 | 47.54 | 7.02 | -17.99 | 47.48 | 8.60 | -21.17 | 48.53 | 3.95 | -18.05 | 51.92 | 0.56 | 0.0 | 3.7 | 9.03 | -17.38 | 40.65 | 116.38 | -2.78 | -3.49 | 98.30 | 0.93 | 7.18 | 1.68 | -35.49 | -79.87 | 4.90 | -12.03 | 0.0 |
| 21Q3 (8) | 5.29 | 1.54 | 71.2 | 18.75 | -8.94 | 18.67 | 10.05 | -9.78 | 33.82 | 10.32 | -12.17 | 33.33 | 8.56 | -9.89 | 33.33 | 10.91 | -2.94 | 33.37 | 4.82 | -5.49 | 31.34 | 0.56 | 3.7 | -1.75 | 10.93 | -12.0 | 29.5 | 119.71 | -10.55 | -5.38 | 97.40 | 2.7 | 0.33 | 2.60 | -49.65 | -10.9 | 5.57 | -12.97 | -7.01 |
| 21Q2 (7) | 5.21 | 5.47 | 109.24 | 20.59 | 7.97 | 43.09 | 11.14 | 7.01 | 65.28 | 11.75 | 9.51 | 63.65 | 9.50 | 9.32 | 59.66 | 11.24 | 1.26 | 67.76 | 5.10 | -1.92 | 50.89 | 0.54 | -10.0 | -5.26 | 12.42 | 9.52 | 56.23 | 133.83 | 24.84 | 11.15 | 94.84 | -2.2 | 0.97 | 5.16 | 69.44 | -14.97 | 6.40 | 8.66 | 0 |
| 21Q1 (6) | 4.94 | 109.32 | 233.78 | 19.07 | 34.39 | 41.78 | 10.41 | 99.04 | 91.01 | 10.73 | 88.25 | 101.31 | 8.69 | 82.56 | 97.95 | 11.10 | 91.71 | 180.3 | 5.20 | 100.0 | 144.13 | 0.60 | 11.11 | 25.0 | 11.34 | 76.64 | 80.86 | 107.20 | -11.1 | 37.24 | 96.97 | 5.74 | -5.27 | 3.05 | -63.42 | 228.5 | 5.89 | 20.2 | -3.6 |
| 20Q4 (5) | 2.36 | -23.62 | 52.26 | 14.19 | -10.19 | 12.53 | 5.23 | -30.36 | 30.42 | 5.70 | -26.36 | 30.14 | 4.76 | -25.86 | 16.38 | 5.79 | -29.22 | 34.34 | 2.60 | -29.16 | 19.82 | 0.54 | -5.26 | 1.89 | 6.42 | -23.93 | 24.9 | 120.59 | -4.68 | 27.47 | 91.71 | -5.53 | 0.2 | 8.33 | 185.48 | -1.65 | 4.90 | -18.2 | -17.65 |
| 20Q3 (4) | 3.09 | 24.1 | 0.0 | 15.80 | 9.8 | 0.0 | 7.51 | 11.42 | 0.0 | 7.74 | 7.8 | 0.0 | 6.42 | 7.9 | 0.0 | 8.18 | 22.09 | 0.0 | 3.67 | 8.58 | 0.0 | 0.57 | 0.0 | 0.0 | 8.44 | 6.16 | 0.0 | 126.51 | 5.07 | 0.0 | 97.08 | 3.36 | 0.0 | 2.92 | -51.95 | 0.0 | 5.99 | 0 | 0.0 |
| 20Q2 (3) | 2.49 | 68.24 | 0.0 | 14.39 | 6.99 | 0.0 | 6.74 | 23.67 | 0.0 | 7.18 | 34.71 | 0.0 | 5.95 | 35.54 | 0.0 | 6.70 | 69.19 | 0.0 | 3.38 | 58.69 | 0.0 | 0.57 | 18.75 | 0.0 | 7.95 | 26.79 | 0.0 | 120.41 | 54.15 | 0.0 | 93.93 | -8.25 | 0.0 | 6.07 | 356.06 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.48 | -4.52 | 0.0 | 13.45 | 6.66 | 0.0 | 5.45 | 35.91 | 0.0 | 5.33 | 21.69 | 0.0 | 4.39 | 7.33 | 0.0 | 3.96 | -8.12 | 0.0 | 2.13 | -1.84 | 0.0 | 0.48 | -9.43 | 0.0 | 6.27 | 21.98 | 0.0 | 78.11 | -17.43 | 0.0 | 102.37 | 11.84 | 0.0 | -2.37 | -128.0 | 0.0 | 6.11 | 2.69 | 0.0 |
| 19Q4 (1) | 1.55 | 0.0 | 0.0 | 12.61 | 0.0 | 0.0 | 4.01 | 0.0 | 0.0 | 4.38 | 0.0 | 0.0 | 4.09 | 0.0 | 0.0 | 4.31 | 0.0 | 0.0 | 2.17 | 0.0 | 0.0 | 0.53 | 0.0 | 0.0 | 5.14 | 0.0 | 0.0 | 94.60 | 0.0 | 0.0 | 91.53 | 0.0 | 0.0 | 8.47 | 0.0 | 0.0 | 5.95 | 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) | 8.92 | -24.34 | 12.49 | -12.41 | 4.82 | -18.72 | 0.75 | -3.43 | 5.02 | -26.28 | 4.12 | -25.36 | 15.28 | -26.78 | 8.52 | -19.55 | 2.06 | 7.85 | 5.78 | -24.05 | 80.40 | 1.2 | 96.00 | 10.25 | 4.00 | -69.06 | 0.00 | 0 | 5.63 | 0.72 |
| 2022 (9) | 11.79 | -41.14 | 14.26 | -24.75 | 5.93 | -40.1 | 0.78 | 26.57 | 6.81 | -33.37 | 5.52 | -34.13 | 20.87 | -49.05 | 10.59 | -43.64 | 1.91 | -14.73 | 7.61 | -29.86 | 79.45 | -31.73 | 87.07 | -10.07 | 12.93 | 306.56 | 0.00 | 0 | 5.59 | -1.06 |
| 2021 (8) | 20.03 | 112.63 | 18.95 | 30.33 | 9.90 | 57.89 | 0.61 | -17.87 | 10.22 | 56.03 | 8.38 | 54.33 | 40.96 | 71.24 | 18.79 | 63.25 | 2.24 | 6.16 | 10.85 | 48.22 | 116.38 | -3.49 | 96.82 | 1.13 | 3.18 | -25.39 | 0.00 | 0 | 5.65 | 1.07 |
| 2020 (7) | 9.42 | 42.51 | 14.54 | 10.49 | 6.27 | 26.92 | 0.75 | 1.28 | 6.55 | 21.07 | 5.43 | 17.03 | 23.92 | 30.5 | 11.51 | 18.54 | 2.11 | 0.96 | 7.32 | 18.64 | 120.59 | 27.47 | 95.74 | 4.84 | 4.26 | -50.92 | 0.00 | 0 | 5.59 | -7.14 |
| 2019 (6) | 6.61 | -7.55 | 13.16 | -3.31 | 4.94 | -12.57 | 0.74 | 27.62 | 5.41 | -10.28 | 4.64 | -9.02 | 18.33 | -12.38 | 9.71 | -16.29 | 2.09 | -7.93 | 6.17 | -6.94 | 94.60 | 12.28 | 91.32 | -2.42 | 8.68 | 35.29 | 0.00 | 0 | 6.02 | 1.18 |
| 2018 (5) | 7.15 | 22.43 | 13.61 | -3.61 | 5.65 | 7.01 | 0.58 | 6.01 | 6.03 | 7.3 | 5.10 | 9.91 | 20.92 | 15.9 | 11.60 | 16.94 | 2.27 | 6.07 | 6.63 | 7.28 | 84.25 | 9.71 | 93.58 | -0.33 | 6.42 | 5.14 | 0.00 | 0 | 5.95 | -6.3 |
| 2017 (4) | 5.84 | 0.86 | 14.12 | -3.49 | 5.28 | -2.22 | 0.55 | 1.07 | 5.62 | -1.4 | 4.64 | -2.93 | 18.05 | -2.8 | 9.92 | -1.59 | 2.14 | 1.42 | 6.18 | -1.12 | 76.79 | -12.42 | 93.90 | -0.95 | 6.10 | 17.3 | 0.00 | 0 | 6.35 | -6.89 |
| 2016 (3) | 5.79 | 31.89 | 14.63 | -2.86 | 5.40 | 13.45 | 0.54 | -16.08 | 5.70 | 14.0 | 4.78 | 9.89 | 18.57 | 25.98 | 10.08 | 26.0 | 2.11 | 14.67 | 6.25 | 10.04 | 87.68 | 8.57 | 94.80 | -0.27 | 5.20 | 5.25 | 0.00 | 0 | 6.82 | -12.11 |
| 2015 (2) | 4.39 | 22.97 | 15.06 | 11.06 | 4.76 | 12.53 | 0.64 | 2.72 | 5.00 | 18.76 | 4.35 | 22.54 | 14.74 | 16.06 | 8.00 | 15.44 | 1.84 | -4.66 | 5.68 | 15.68 | 80.76 | -9.5 | 95.06 | -5.37 | 4.94 | 0 | 0.00 | 0 | 7.76 | 3.19 |
| 2014 (1) | 3.57 | 52.56 | 13.56 | 0 | 4.23 | 0 | 0.63 | -20.7 | 4.21 | 0 | 3.55 | 0 | 12.70 | 0 | 6.93 | 0 | 1.93 | 6.04 | 4.91 | 6.28 | 89.24 | 9.44 | 100.45 | 15.36 | -0.45 | 0 | 0.00 | 0 | 7.52 | -2.46 |
