- 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) | 9.26 | 45.6 | 32.86 | 25.47 | 89.79 | 150.69 | 20.90 | 96.8 | 164.89 | 19.92 | 49.21 | 98.6 | 15.80 | 49.76 | 103.35 | 14.72 | 27.56 | 18.23 | 3.77 | 50.2 | 22.4 | 0.23 | 4.55 | -41.03 | 21.01 | 44.5 | 100.29 | 245.69 | -34.77 | -18.9 | 104.91 | 31.83 | 33.41 | -4.91 | -124.02 | -122.96 | 7.77 | 36.56 | 95.23 |
| 24Q2 (19) | 6.36 | -6.33 | -3.64 | 13.42 | 7.27 | 20.25 | 10.62 | 9.37 | 19.86 | 13.35 | 1.14 | 33.5 | 10.55 | 0.86 | 46.53 | 11.54 | 0.44 | -13.56 | 2.51 | -9.71 | -23.24 | 0.22 | -12.0 | -51.11 | 14.54 | 3.41 | 40.35 | 376.67 | -7.25 | 14.1 | 79.58 | 8.13 | -10.18 | 20.42 | -22.67 | 79.12 | 5.69 | 2.52 | 59.83 |
| 24Q1 (18) | 6.79 | 29.58 | 12.98 | 12.51 | 15.19 | 7.57 | 9.71 | 7.41 | 2.53 | 13.20 | 73.23 | 30.69 | 10.46 | 75.8 | 43.29 | 11.49 | 28.24 | -1.88 | 2.78 | 11.65 | -16.52 | 0.25 | -35.9 | -44.44 | 14.06 | 67.58 | 35.58 | 406.13 | 48.3 | 36.22 | 73.59 | -37.93 | -21.52 | 26.41 | 242.21 | 323.86 | 5.55 | 54.17 | 46.83 |
| 23Q4 (17) | 5.24 | -24.82 | -1.87 | 10.86 | 6.89 | 3.43 | 9.04 | 14.58 | 5.24 | 7.62 | -24.03 | -7.41 | 5.95 | -23.42 | 4.02 | 8.96 | -28.03 | -13.76 | 2.49 | -19.16 | -28.45 | 0.39 | 0.0 | -35.0 | 8.39 | -20.02 | -1.18 | 273.85 | -9.6 | 27.09 | 118.57 | 50.78 | 13.54 | -18.57 | -186.92 | -325.69 | 3.60 | -9.55 | 16.13 |
| 23Q3 (16) | 6.97 | 5.61 | -17.71 | 10.16 | -8.96 | -38.91 | 7.89 | -10.95 | -42.37 | 10.03 | 0.3 | -31.86 | 7.77 | 7.92 | -32.73 | 12.45 | -6.74 | -31.29 | 3.08 | -5.81 | -47.26 | 0.39 | -13.33 | -22.0 | 10.49 | 1.25 | -29.83 | 302.93 | -8.24 | 63.42 | 78.64 | -11.24 | -15.42 | 21.36 | 87.38 | 203.95 | 3.98 | 11.8 | -12.53 |
| 23Q2 (15) | 6.60 | 9.82 | 41.63 | 11.16 | -4.04 | -26.96 | 8.86 | -6.44 | -28.72 | 10.00 | -0.99 | -12.28 | 7.20 | -1.37 | -19.1 | 13.35 | 14.01 | 19.73 | 3.27 | -1.8 | -0.3 | 0.45 | 0.0 | 21.62 | 10.36 | -0.1 | -11.38 | 330.12 | 10.72 | 36.47 | 88.60 | -5.51 | -18.73 | 11.40 | 83.0 | 226.41 | 3.56 | -5.82 | -27.35 |
| 23Q1 (14) | 6.01 | 12.55 | 115.41 | 11.63 | 10.76 | -27.54 | 9.47 | 10.24 | -20.29 | 10.10 | 22.72 | -17.62 | 7.30 | 27.62 | -22.01 | 11.71 | 12.7 | 88.87 | 3.33 | -4.31 | 52.75 | 0.45 | -25.0 | 95.65 | 10.37 | 22.14 | -18.73 | 298.15 | 38.37 | 24.07 | 93.77 | -10.21 | -3.23 | 6.23 | 242.82 | 101.06 | 3.78 | 21.94 | -48.29 |
| 22Q4 (13) | 5.34 | -36.95 | 27.45 | 10.50 | -36.86 | -29.58 | 8.59 | -37.25 | -24.45 | 8.23 | -44.09 | -38.17 | 5.72 | -50.48 | -47.47 | 10.39 | -42.66 | 19.29 | 3.48 | -40.41 | 0.58 | 0.60 | 20.0 | 87.5 | 8.49 | -43.21 | -37.89 | 215.47 | 16.24 | 50.49 | 104.43 | 12.32 | 22.2 | -4.36 | -162.06 | -130.0 | 3.10 | -31.87 | -47.72 |
| 22Q3 (12) | 8.47 | 81.76 | 142.0 | 16.63 | 8.84 | -7.2 | 13.69 | 10.14 | -2.77 | 14.72 | 29.12 | 5.07 | 11.55 | 29.78 | 6.45 | 18.12 | 62.51 | 129.95 | 5.84 | 78.05 | 109.32 | 0.50 | 35.14 | 92.31 | 14.95 | 27.89 | 4.11 | 185.37 | -23.37 | 13.39 | 92.97 | -14.72 | -7.45 | 7.03 | 177.93 | 1644.53 | 4.55 | -7.14 | -37.67 |
| 22Q2 (11) | 4.66 | 67.03 | 59.59 | 15.28 | -4.8 | 0.33 | 12.43 | 4.63 | 6.88 | 11.40 | -7.01 | -4.36 | 8.90 | -4.91 | -5.32 | 11.15 | 79.84 | 57.04 | 3.28 | 50.46 | 47.75 | 0.37 | 60.87 | 54.17 | 11.69 | -8.39 | -4.18 | 241.90 | 0.67 | 17.38 | 109.02 | 12.51 | 11.68 | -9.02 | -391.08 | -457.76 | 4.90 | -32.97 | -10.58 |
| 22Q1 (10) | 2.79 | -33.41 | -28.83 | 16.05 | 7.65 | 0.63 | 11.88 | 4.49 | -1.9 | 12.26 | -7.89 | -25.83 | 9.36 | -14.05 | -28.17 | 6.20 | -28.82 | -26.63 | 2.18 | -36.99 | -23.78 | 0.23 | -28.12 | 4.55 | 12.76 | -6.66 | -24.18 | 240.30 | 67.83 | 2.22 | 96.90 | 13.39 | 32.24 | 3.10 | -78.69 | -88.4 | 7.31 | 23.27 | 13.16 |
| 21Q4 (9) | 4.19 | 19.71 | -9.7 | 14.91 | -16.8 | 9.55 | 11.37 | -19.25 | 4.79 | 13.31 | -5.0 | -14.02 | 10.89 | 0.37 | -15.91 | 8.71 | 10.53 | -7.14 | 3.46 | 24.01 | 0.58 | 0.32 | 23.08 | 23.08 | 13.67 | -4.81 | -12.99 | 143.18 | -12.42 | -13.98 | 85.46 | -14.93 | 21.86 | 14.54 | 3295.57 | -51.47 | 5.93 | -18.77 | 50.89 |
| 21Q3 (8) | 3.50 | 19.86 | -48.22 | 17.92 | 17.66 | 15.84 | 14.08 | 21.07 | 8.64 | 14.01 | 17.53 | 1.82 | 10.85 | 15.43 | -0.28 | 7.88 | 10.99 | -47.88 | 2.79 | 25.68 | -41.14 | 0.26 | 8.33 | -40.91 | 14.36 | 17.7 | 3.46 | 163.48 | -20.67 | -9.64 | 100.46 | 2.91 | 6.67 | -0.46 | -118.05 | -107.81 | 7.30 | 33.21 | 48.68 |
| 21Q2 (7) | 2.92 | -25.51 | -50.0 | 15.23 | -4.51 | -4.87 | 11.63 | -3.96 | -12.56 | 11.92 | -27.89 | -14.18 | 9.40 | -27.86 | -15.92 | 7.10 | -15.98 | -52.86 | 2.22 | -22.38 | -48.01 | 0.24 | 9.09 | -36.84 | 12.20 | -27.51 | -13.04 | 206.08 | -12.34 | -22.08 | 97.62 | 33.22 | 2.03 | 2.52 | -90.57 | -41.64 | 5.48 | -15.17 | 0 |
| 21Q1 (6) | 3.92 | -15.52 | 0.26 | 15.95 | 17.19 | -14.43 | 12.11 | 11.61 | -15.2 | 16.53 | 6.78 | 18.16 | 13.03 | 0.62 | 17.07 | 8.45 | -9.91 | -13.33 | 2.86 | -16.86 | -12.8 | 0.22 | -15.38 | -24.14 | 16.83 | 7.13 | 18.52 | 235.08 | 41.23 | -1.83 | 73.28 | 4.49 | -28.22 | 26.72 | -10.82 | 1380.0 | 6.46 | 64.38 | 12.74 |
| 20Q4 (5) | 4.64 | -31.36 | 12.9 | 13.61 | -12.02 | -24.09 | 10.85 | -16.28 | -27.62 | 15.48 | 12.5 | -0.96 | 12.95 | 19.03 | 14.4 | 9.38 | -37.96 | -4.38 | 3.44 | -27.43 | -5.75 | 0.26 | -40.91 | -18.75 | 15.71 | 13.18 | -0.76 | 166.45 | -8.0 | 1.37 | 70.13 | -25.53 | -26.87 | 29.96 | 414.06 | 630.84 | 3.93 | -19.96 | -25.71 |
| 20Q3 (4) | 6.76 | 15.75 | 0.0 | 15.47 | -3.37 | 0.0 | 12.96 | -2.56 | 0.0 | 13.76 | -0.94 | 0.0 | 10.88 | -2.68 | 0.0 | 15.12 | 0.4 | 0.0 | 4.74 | 11.01 | 0.0 | 0.44 | 15.79 | 0.0 | 13.88 | -1.07 | 0.0 | 180.92 | -31.59 | 0.0 | 94.17 | -1.58 | 0.0 | 5.83 | 34.94 | 0.0 | 4.91 | 0 | 0.0 |
| 20Q2 (3) | 5.84 | 49.36 | 0.0 | 16.01 | -14.11 | 0.0 | 13.30 | -6.86 | 0.0 | 13.89 | -0.71 | 0.0 | 11.18 | 0.45 | 0.0 | 15.06 | 54.46 | 0.0 | 4.27 | 30.18 | 0.0 | 0.38 | 31.03 | 0.0 | 14.03 | -1.2 | 0.0 | 264.47 | 10.44 | 0.0 | 95.68 | -6.28 | 0.0 | 4.32 | 306.91 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 3.91 | -4.87 | 0.0 | 18.64 | 3.96 | 0.0 | 14.28 | -4.74 | 0.0 | 13.99 | -10.49 | 0.0 | 11.13 | -1.68 | 0.0 | 9.75 | -0.61 | 0.0 | 3.28 | -10.14 | 0.0 | 0.29 | -9.38 | 0.0 | 14.20 | -10.3 | 0.0 | 239.47 | 45.84 | 0.0 | 102.09 | 6.45 | 0.0 | -2.09 | -150.92 | 0.0 | 5.73 | 8.32 | 0.0 |
| 19Q4 (1) | 4.11 | 0.0 | 0.0 | 17.93 | 0.0 | 0.0 | 14.99 | 0.0 | 0.0 | 15.63 | 0.0 | 0.0 | 11.32 | 0.0 | 0.0 | 9.81 | 0.0 | 0.0 | 3.65 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 15.83 | 0.0 | 0.0 | 164.20 | 0.0 | 0.0 | 95.90 | 0.0 | 0.0 | 4.10 | 0.0 | 0.0 | 5.29 | 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) | 24.82 | 16.8 | 10.93 | -21.59 | 8.80 | -21.92 | 0.18 | -14.41 | 9.41 | -16.43 | 7.04 | -17.27 | 42.08 | 4.52 | 12.50 | -13.25 | 1.72 | 2.38 | 9.88 | -14.38 | 273.85 | 27.09 | 93.56 | -6.47 | 6.45 | 0 | 0.03 | -46.92 | 3.73 | -15.23 |
| 2022 (9) | 21.25 | 46.25 | 13.94 | -12.66 | 11.27 | -8.08 | 0.21 | -21.83 | 11.26 | -18.88 | 8.51 | -22.71 | 40.26 | 42.16 | 14.41 | 29.35 | 1.68 | 66.34 | 11.54 | -18.79 | 215.47 | 50.49 | 100.04 | 13.26 | -0.04 | 0 | 0.06 | -38.72 | 4.40 | -29.94 |
| 2021 (8) | 14.53 | -31.33 | 15.96 | 0.63 | 12.26 | -4.89 | 0.27 | 99.94 | 13.88 | -2.12 | 11.01 | -3.59 | 28.32 | -34.63 | 11.14 | -31.87 | 1.01 | -29.37 | 14.21 | -0.91 | 143.18 | -13.98 | 88.33 | -2.86 | 11.70 | 29.0 | 0.09 | 735.2 | 6.28 | 32.77 |
| 2020 (7) | 21.16 | 43.26 | 15.86 | -12.81 | 12.89 | -9.48 | 0.14 | -20.23 | 14.18 | -9.04 | 11.42 | -5.62 | 43.32 | 21.45 | 16.35 | 23.77 | 1.43 | 31.19 | 14.34 | -9.3 | 166.45 | 1.37 | 90.93 | -0.48 | 9.07 | 5.05 | 0.01 | -14.65 | 4.73 | -23.46 |
| 2019 (6) | 14.77 | 56.79 | 18.19 | 3.59 | 14.24 | 8.79 | 0.17 | 15.08 | 15.59 | -6.93 | 12.10 | -3.59 | 35.67 | 10.54 | 13.21 | 8.46 | 1.09 | 12.37 | 15.81 | -6.78 | 164.20 | -7.74 | 91.36 | 16.98 | 8.64 | -60.56 | 0.01 | 170.45 | 6.18 | -15.57 |
| 2018 (5) | 9.42 | 84.71 | 17.56 | -1.57 | 13.09 | 1.79 | 0.15 | -25.37 | 16.75 | 20.16 | 12.55 | 17.18 | 32.27 | 59.28 | 12.18 | 51.87 | 0.97 | 29.33 | 16.96 | 19.18 | 177.97 | 17.38 | 78.10 | -15.3 | 21.90 | 183.2 | 0.00 | 0 | 7.32 | -23.59 |
| 2017 (4) | 5.10 | -21.78 | 17.84 | 15.62 | 12.86 | 15.65 | 0.20 | 23.16 | 13.94 | 10.2 | 10.71 | 4.18 | 20.26 | -17.84 | 8.02 | -20.12 | 0.75 | -22.68 | 14.23 | 10.31 | 151.62 | -2.82 | 92.21 | 4.95 | 7.73 | -36.32 | 0.00 | 0 | 9.58 | 16.69 |
| 2016 (3) | 6.52 | 24.43 | 15.43 | 9.98 | 11.12 | 25.65 | 0.16 | -22.59 | 12.65 | -2.99 | 10.28 | -0.29 | 24.66 | 13.38 | 10.04 | 10.45 | 0.97 | 10.23 | 12.90 | -3.52 | 156.02 | 14.48 | 87.86 | 29.51 | 12.14 | -62.25 | 0.00 | 0 | 8.21 | -12.57 |
| 2015 (2) | 5.24 | 66.88 | 14.03 | -22.19 | 8.85 | -5.65 | 0.21 | -44.04 | 13.04 | -16.46 | 10.31 | -7.12 | 21.75 | 52.95 | 9.09 | 46.61 | 0.88 | 57.14 | 13.37 | -17.32 | 136.28 | -5.9 | 67.84 | 12.89 | 32.16 | -19.41 | 0.00 | 0 | 9.39 | -28.97 |
| 2014 (1) | 3.14 | -33.62 | 18.03 | 0 | 9.38 | 0 | 0.37 | 64.68 | 15.61 | 0 | 11.10 | 0 | 14.22 | 0 | 6.20 | 0 | 0.56 | -45.63 | 16.17 | 28.03 | 144.82 | 25.03 | 60.09 | -22.85 | 39.91 | 79.91 | 0.00 | 0 | 13.22 | 27.12 |
