- 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) | 4.32 | 10.2 | 30.12 | 7.33 | -14.57 | -9.62 | 4.61 | -6.11 | 4.77 | 5.01 | -20.73 | -8.58 | 3.94 | -20.08 | -13.6 | 8.31 | 0.48 | 14.94 | 2.26 | 1.35 | 7.11 | 0.52 | 23.81 | 26.83 | 6.16 | -21.03 | -14.33 | 316.07 | 10.14 | 11.6 | 91.92 | 18.48 | 14.51 | 8.08 | -63.96 | -59.03 | 3.27 | -22.88 | -27.65 |
| 24Q2 (19) | 3.92 | 25.24 | 49.05 | 8.58 | 1.18 | 0.7 | 4.91 | 8.63 | 6.51 | 6.32 | 12.66 | 7.48 | 4.93 | 4.45 | 17.66 | 8.27 | 25.11 | 33.6 | 2.23 | 18.62 | 28.16 | 0.42 | 16.67 | 16.67 | 7.80 | 6.7 | -1.02 | 286.98 | -10.37 | -0.29 | 77.58 | -3.63 | -0.89 | 22.42 | 14.98 | 3.2 | 4.24 | -12.03 | -19.24 |
| 24Q1 (18) | 3.13 | 17.23 | 86.31 | 8.48 | 5.21 | 28.48 | 4.52 | 10.24 | 53.22 | 5.61 | 27.5 | 66.96 | 4.72 | 28.96 | 90.32 | 6.61 | 19.96 | 68.19 | 1.88 | 6.82 | 66.37 | 0.36 | -12.2 | 2.86 | 7.31 | 16.77 | 37.41 | 320.18 | 25.1 | -5.44 | 80.50 | -13.55 | -8.41 | 19.50 | 183.48 | 61.09 | 4.82 | 5.7 | 7.59 |
| 23Q4 (17) | 2.67 | -19.58 | 14.59 | 8.06 | -0.62 | 24.19 | 4.10 | -6.82 | 34.43 | 4.40 | -19.71 | 17.02 | 3.66 | -19.74 | 30.25 | 5.51 | -23.79 | 4.36 | 1.76 | -16.59 | 32.33 | 0.41 | 0.0 | 2.5 | 6.26 | -12.93 | 19.01 | 255.93 | -9.64 | -29.37 | 93.12 | 16.01 | 14.83 | 6.88 | -65.13 | -63.62 | 4.56 | 0.88 | 0.22 |
| 23Q3 (16) | 3.32 | 26.24 | 38.33 | 8.11 | -4.81 | 44.56 | 4.40 | -4.56 | 63.57 | 5.48 | -6.8 | 56.13 | 4.56 | 8.83 | 83.87 | 7.23 | 16.8 | 25.09 | 2.11 | 21.26 | 58.65 | 0.41 | 13.89 | -14.58 | 7.19 | -8.76 | 57.33 | 283.22 | -1.59 | -24.74 | 80.27 | 2.55 | 4.71 | 19.72 | -9.2 | -15.5 | 4.52 | -13.9 | 0.67 |
| 23Q2 (15) | 2.63 | 56.55 | 155.34 | 8.52 | 29.09 | 87.67 | 4.61 | 56.27 | 249.24 | 5.88 | 75.0 | 173.49 | 4.19 | 68.95 | 173.86 | 6.19 | 57.51 | 148.59 | 1.74 | 53.98 | 180.65 | 0.36 | 2.86 | 0.0 | 7.88 | 48.12 | 140.98 | 287.81 | -15.0 | -26.3 | 78.28 | -10.94 | 27.3 | 21.72 | 79.47 | -43.59 | 5.25 | 17.19 | -10.41 |
| 23Q1 (14) | 1.68 | -27.9 | -4.0 | 6.60 | 1.69 | 24.29 | 2.95 | -3.28 | 20.9 | 3.36 | -10.64 | 9.45 | 2.48 | -11.74 | 7.83 | 3.93 | -25.57 | -2.24 | 1.13 | -15.04 | 15.31 | 0.35 | -12.5 | -14.63 | 5.32 | 1.14 | 36.41 | 338.61 | -6.55 | 6.46 | 87.90 | 8.39 | 10.54 | 12.10 | -35.98 | -40.92 | 4.48 | -1.54 | -8.01 |
| 22Q4 (13) | 2.33 | -2.92 | -3.32 | 6.49 | 15.69 | 8.35 | 3.05 | 13.38 | 0.0 | 3.76 | 7.12 | 1.62 | 2.81 | 13.31 | 0.0 | 5.28 | -8.65 | -10.05 | 1.33 | 0.0 | -4.32 | 0.40 | -16.67 | -16.67 | 5.26 | 15.1 | 18.74 | 362.33 | -3.72 | 10.87 | 81.10 | 5.79 | -1.46 | 18.90 | -19.01 | 6.77 | 4.55 | 1.34 | -3.81 |
| 22Q3 (12) | 2.40 | 133.01 | -1.23 | 5.61 | 23.57 | -17.01 | 2.69 | 103.79 | -24.86 | 3.51 | 63.26 | -18.75 | 2.48 | 62.09 | -32.24 | 5.78 | 132.13 | -8.11 | 1.33 | 114.52 | -9.52 | 0.48 | 33.33 | 23.08 | 4.57 | 39.76 | -12.28 | 376.34 | -3.64 | 11.86 | 76.66 | 24.66 | -7.63 | 23.34 | -39.39 | 37.22 | 4.49 | -23.38 | -10.38 |
| 22Q2 (11) | 1.03 | -41.14 | -49.76 | 4.54 | -14.5 | -31.0 | 1.32 | -45.9 | -61.52 | 2.15 | -29.97 | -47.56 | 1.53 | -33.48 | -50.49 | 2.49 | -38.06 | -52.02 | 0.62 | -36.73 | -51.18 | 0.36 | -12.2 | -10.0 | 3.27 | -16.15 | -34.47 | 390.54 | 22.79 | 15.5 | 61.49 | -22.66 | -26.54 | 38.51 | 87.96 | 136.32 | 5.86 | 20.33 | 20.58 |
| 22Q1 (10) | 1.75 | -27.39 | -4.89 | 5.31 | -11.35 | -16.11 | 2.44 | -20.0 | -23.99 | 3.07 | -17.03 | -7.53 | 2.30 | -18.15 | -14.5 | 4.02 | -31.52 | -13.36 | 0.98 | -29.5 | -14.04 | 0.41 | -14.58 | 0.0 | 3.90 | -11.96 | -6.92 | 318.05 | -2.68 | 4.97 | 79.51 | -3.38 | -17.93 | 20.49 | 15.72 | 557.43 | 4.87 | 2.96 | -1.02 |
| 21Q4 (9) | 2.41 | -0.82 | 7.59 | 5.99 | -11.39 | -3.23 | 3.05 | -14.8 | -9.23 | 3.70 | -14.35 | -3.9 | 2.81 | -23.22 | -2.77 | 5.87 | -6.68 | -1.51 | 1.39 | -5.44 | 0.0 | 0.48 | 23.08 | 2.13 | 4.43 | -14.97 | -3.9 | 326.80 | -2.87 | -4.36 | 82.30 | -0.84 | -5.6 | 17.70 | 4.08 | 38.2 | 4.73 | -5.59 | 7.99 |
| 21Q3 (8) | 2.43 | 18.54 | 19.12 | 6.76 | 2.74 | 15.36 | 3.58 | 4.37 | 13.65 | 4.32 | 5.37 | 30.51 | 3.66 | 18.45 | 49.39 | 6.29 | 21.19 | 8.82 | 1.47 | 15.75 | 8.89 | 0.39 | -2.5 | -26.42 | 5.21 | 4.41 | 28.64 | 336.45 | -0.5 | -1.61 | 82.99 | -0.85 | -12.65 | 17.01 | 4.39 | 241.09 | 5.01 | 3.09 | 24.94 |
| 21Q2 (7) | 2.05 | 11.41 | 26.54 | 6.58 | 3.95 | 5.96 | 3.43 | 6.85 | -2.56 | 4.10 | 23.49 | 34.43 | 3.09 | 14.87 | 41.1 | 5.19 | 11.85 | 21.83 | 1.27 | 11.4 | 15.45 | 0.40 | -2.44 | -14.89 | 4.99 | 19.09 | 25.06 | 338.13 | 11.6 | -1.57 | 83.71 | -13.6 | -27.4 | 16.29 | 422.9 | 206.49 | 4.86 | -1.22 | 10.96 |
| 21Q1 (6) | 1.84 | -17.86 | 174.63 | 6.33 | 2.26 | 30.52 | 3.21 | -4.46 | 146.92 | 3.32 | -13.77 | 72.02 | 2.69 | -6.92 | 89.44 | 4.64 | -22.15 | 144.21 | 1.14 | -17.99 | 96.55 | 0.41 | -12.77 | 24.24 | 4.19 | -9.11 | 20.06 | 302.98 | -11.33 | 5.03 | 96.88 | 11.13 | 44.13 | 3.12 | -75.67 | -90.49 | 4.92 | 12.33 | 0 |
| 20Q4 (5) | 2.24 | 9.8 | 91.45 | 6.19 | 5.63 | 24.55 | 3.36 | 6.67 | 46.09 | 3.85 | 16.31 | 87.8 | 2.89 | 17.96 | 88.89 | 5.96 | 3.11 | 82.26 | 1.39 | 2.96 | 51.09 | 0.47 | -11.32 | -2.08 | 4.61 | 13.83 | 38.44 | 341.71 | -0.07 | 2.6 | 87.18 | -8.23 | -22.4 | 12.81 | 156.88 | 203.75 | 4.38 | 9.23 | 0 |
| 20Q3 (4) | 2.04 | 25.93 | 0.0 | 5.86 | -5.64 | 0.0 | 3.15 | -10.51 | 0.0 | 3.31 | 8.52 | 0.0 | 2.45 | 11.87 | 0.0 | 5.78 | 35.68 | 0.0 | 1.35 | 22.73 | 0.0 | 0.53 | 12.77 | 0.0 | 4.05 | 1.5 | 0.0 | 341.96 | -0.45 | 0.0 | 95.00 | -17.6 | 0.0 | 4.99 | 132.59 | 0.0 | 4.01 | -8.45 | 0.0 |
| 20Q2 (3) | 1.62 | 141.79 | 0.0 | 6.21 | 28.04 | 0.0 | 3.52 | 170.77 | 0.0 | 3.05 | 58.03 | 0.0 | 2.19 | 54.23 | 0.0 | 4.26 | 124.21 | 0.0 | 1.10 | 89.66 | 0.0 | 0.47 | 42.42 | 0.0 | 3.99 | 14.33 | 0.0 | 343.52 | 19.09 | 0.0 | 115.30 | 71.53 | 0.0 | -15.30 | -146.72 | 0.0 | 4.38 | 0 | 0.0 |
| 20Q1 (2) | 0.67 | -42.74 | 0.0 | 4.85 | -2.41 | 0.0 | 1.30 | -43.48 | 0.0 | 1.93 | -5.85 | 0.0 | 1.42 | -7.19 | 0.0 | 1.90 | -41.9 | 0.0 | 0.58 | -36.96 | 0.0 | 0.33 | -31.25 | 0.0 | 3.49 | 4.8 | 0.0 | 288.46 | -13.39 | 0.0 | 67.22 | -40.17 | 0.0 | 32.75 | 365.25 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.17 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 2.05 | 0.0 | 0.0 | 1.53 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 333.05 | 0.0 | 0.0 | 112.35 | 0.0 | 0.0 | -12.35 | 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) | 10.29 | 37.02 | 7.82 | 41.16 | 4.01 | 64.34 | 0.90 | 35.65 | 4.77 | 50.0 | 3.73 | 60.78 | 21.86 | 26.72 | 6.32 | 45.96 | 1.44 | -13.77 | 6.64 | 53.7 | 255.93 | -29.37 | 84.19 | 10.08 | 15.82 | -32.76 | 0.07 | -31.28 | 4.69 | -4.09 |
| 2022 (9) | 7.51 | -13.97 | 5.54 | -13.17 | 2.44 | -26.06 | 0.67 | 6.52 | 3.18 | -17.4 | 2.32 | -23.68 | 17.25 | -20.06 | 4.33 | -15.1 | 1.67 | 1.83 | 4.32 | -7.69 | 362.33 | 10.87 | 76.48 | -10.88 | 23.52 | 65.88 | 0.11 | -5.44 | 4.89 | 0.41 |
| 2021 (8) | 8.73 | 32.88 | 6.38 | 8.87 | 3.30 | 11.11 | 0.62 | -0.76 | 3.85 | 21.84 | 3.04 | 30.47 | 21.58 | 24.17 | 5.10 | 20.28 | 1.64 | -4.09 | 4.68 | 14.43 | 326.80 | -4.36 | 85.82 | -8.94 | 14.18 | 146.46 | 0.11 | -9.83 | 4.87 | 8.95 |
| 2020 (7) | 6.57 | 58.7 | 5.86 | 22.59 | 2.97 | 61.41 | 0.63 | -20.62 | 3.16 | 58.0 | 2.33 | 47.47 | 17.38 | 50.87 | 4.24 | 24.71 | 1.71 | 5.56 | 4.09 | 14.89 | 341.71 | 2.6 | 94.25 | 1.99 | 5.75 | -24.25 | 0.12 | -7.75 | 4.47 | -5.3 |
| 2019 (6) | 4.14 | 5.61 | 4.78 | 11.94 | 1.84 | 32.37 | 0.79 | 29.93 | 2.00 | 6.95 | 1.58 | 6.04 | 11.52 | 5.21 | 3.40 | 5.59 | 1.62 | 0.0 | 3.56 | 10.9 | 333.05 | -9.24 | 92.40 | 23.96 | 7.60 | -70.16 | 0.14 | 5.15 | 4.72 | -5.6 |
| 2018 (5) | 3.92 | 5.09 | 4.27 | -4.47 | 1.39 | -19.19 | 0.61 | 6.88 | 1.87 | -5.08 | 1.49 | 4.93 | 10.95 | 5.09 | 3.22 | 8.42 | 1.62 | -4.71 | 3.21 | 5.94 | 366.96 | 7.31 | 74.55 | -14.91 | 25.45 | 105.36 | 0.13 | 5.57 | 5.00 | 5.93 |
| 2017 (4) | 3.73 | -5.09 | 4.47 | -14.2 | 1.72 | -19.63 | 0.57 | -18.44 | 1.97 | -13.6 | 1.42 | -17.44 | 10.42 | -5.44 | 2.97 | -3.88 | 1.70 | 6.25 | 3.03 | -9.55 | 341.95 | 6.71 | 87.61 | -6.73 | 12.39 | 104.15 | 0.12 | 0 | 4.72 | 1.07 |
| 2016 (3) | 3.93 | -14.94 | 5.21 | 13.02 | 2.14 | 18.23 | 0.70 | 10.4 | 2.28 | 1.33 | 1.72 | -2.27 | 11.02 | -13.02 | 3.09 | -9.91 | 1.60 | -9.6 | 3.35 | 4.69 | 320.44 | 14.66 | 93.92 | 16.65 | 6.07 | -68.84 | 0.00 | 0 | 4.67 | -9.67 |
| 2015 (2) | 4.62 | -5.71 | 4.61 | 2.22 | 1.81 | 19.87 | 0.63 | 6.13 | 2.25 | -14.45 | 1.76 | -15.38 | 12.67 | -10.71 | 3.43 | -7.8 | 1.77 | 11.32 | 3.20 | -11.6 | 279.46 | -16.31 | 80.52 | 40.08 | 19.48 | -54.18 | 0.00 | 0 | 5.17 | 16.44 |
| 2014 (1) | 4.90 | 1.24 | 4.51 | 0 | 1.51 | 0 | 0.60 | -12.03 | 2.63 | 0 | 2.08 | 0 | 14.19 | 0 | 3.72 | 0 | 1.59 | 1.27 | 3.62 | -2.95 | 333.91 | 2.51 | 57.48 | 6.59 | 42.52 | -7.72 | 0.00 | 0 | 4.44 | 5.97 |
