- 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) | 0.57 | 39.02 | -25.97 | 50.81 | 1.48 | -1.95 | 13.25 | 18.41 | -19.65 | 16.08 | 35.35 | -20.28 | 12.16 | 37.87 | -19.63 | 3.15 | 36.36 | -27.92 | 2.31 | 45.28 | -23.26 | 0.19 | 5.56 | -5.0 | 19.42 | 27.76 | -16.22 | 30.89 | -30.76 | -29.12 | 82.73 | -11.76 | 1.71 | 17.27 | 176.36 | -4.04 | 33.34 | 1.28 | 13.02 |
| 24Q2 (19) | 0.41 | -31.67 | -32.79 | 50.07 | -5.79 | -3.21 | 11.19 | -23.77 | -34.1 | 11.88 | -35.36 | -33.37 | 8.82 | -34.76 | -28.18 | 2.31 | -30.0 | -35.83 | 1.59 | -31.76 | -33.47 | 0.18 | 5.88 | -5.26 | 15.20 | -30.56 | -26.92 | 44.61 | -6.02 | -10.44 | 93.75 | 16.45 | -0.87 | 6.25 | -69.27 | 34.38 | 32.92 | -1.08 | 9.01 |
| 24Q1 (18) | 0.60 | -40.59 | 7.14 | 53.15 | 0.42 | 7.96 | 14.68 | -34.35 | -4.11 | 18.38 | -5.45 | 17.0 | 13.52 | -21.53 | 18.49 | 3.30 | -39.11 | 2.17 | 2.33 | -39.95 | 8.88 | 0.17 | -22.73 | -5.56 | 21.89 | -2.54 | 16.13 | 47.47 | 23.46 | -12.58 | 80.51 | -29.71 | -18.03 | 20.34 | 234.24 | 659.32 | 33.28 | 29.19 | 10.27 |
| 23Q4 (17) | 1.01 | 31.17 | 40.28 | 52.93 | 2.14 | 8.35 | 22.36 | 35.6 | 83.58 | 19.44 | -3.62 | 49.42 | 17.23 | 13.88 | 23.96 | 5.42 | 24.03 | 33.17 | 3.88 | 28.9 | 43.17 | 0.22 | 10.0 | 15.79 | 22.46 | -3.11 | 41.08 | 38.45 | -11.77 | -25.35 | 114.55 | 40.83 | 22.02 | -15.15 | -184.18 | -347.47 | 25.76 | -12.68 | -15.32 |
| 23Q3 (16) | 0.77 | 26.23 | -6.1 | 51.82 | 0.17 | 5.43 | 16.49 | -2.89 | -3.62 | 20.17 | 13.12 | -14.79 | 15.13 | 23.21 | -3.88 | 4.37 | 21.39 | -10.45 | 3.01 | 25.94 | -5.35 | 0.20 | 5.26 | 0.0 | 23.18 | 11.44 | -12.79 | 43.58 | -12.51 | -17.43 | 81.33 | -14.0 | 12.62 | 18.00 | 287.0 | -35.2 | 29.50 | -2.32 | 4.8 |
| 23Q2 (15) | 0.61 | 8.93 | 3.39 | 51.73 | 5.08 | -2.64 | 16.98 | 10.91 | -3.47 | 17.83 | 13.49 | -2.41 | 12.28 | 7.62 | -3.84 | 3.60 | 11.46 | -1.64 | 2.39 | 11.68 | 2.14 | 0.19 | 5.56 | 5.56 | 20.80 | 10.34 | -2.62 | 49.81 | -8.27 | -12.26 | 94.57 | -3.71 | -2.25 | 4.65 | 73.64 | 14.42 | 30.20 | 0.07 | -6.09 |
| 23Q1 (14) | 0.56 | -22.22 | -12.5 | 49.23 | 0.78 | -0.63 | 15.31 | 25.7 | -1.61 | 15.71 | 20.75 | -15.08 | 11.41 | -17.91 | -14.72 | 3.23 | -20.64 | -17.81 | 2.14 | -21.03 | -18.63 | 0.18 | -5.26 | -10.0 | 18.85 | 18.4 | -12.28 | 54.30 | 5.42 | -4.74 | 98.21 | 4.62 | 16.24 | 2.68 | -56.25 | -83.55 | 30.18 | -0.79 | 0.13 |
| 22Q4 (13) | 0.72 | -12.2 | 14.29 | 48.85 | -0.61 | -3.72 | 12.18 | -28.81 | -12.37 | 13.01 | -45.04 | -10.95 | 13.90 | -11.69 | 6.6 | 4.07 | -16.6 | 6.27 | 2.71 | -14.78 | 3.44 | 0.19 | -5.0 | -5.0 | 15.92 | -40.11 | -9.8 | 51.51 | -2.41 | 17.98 | 93.88 | 29.98 | -1.28 | 6.12 | -77.96 | 24.9 | 30.42 | 8.06 | -6.17 |
| 22Q3 (12) | 0.82 | 38.98 | 30.16 | 49.15 | -7.49 | -1.38 | 17.11 | -2.73 | -2.28 | 23.67 | 29.56 | 21.01 | 15.74 | 23.26 | 22.87 | 4.88 | 33.33 | 22.31 | 3.18 | 35.9 | 23.74 | 0.20 | 11.11 | 0.0 | 26.58 | 24.44 | 17.92 | 52.78 | -7.03 | 4.93 | 72.22 | -25.35 | -19.04 | 27.78 | 583.33 | 157.41 | 28.15 | -12.47 | -2.93 |
| 22Q2 (11) | 0.59 | -7.81 | 103.45 | 53.13 | 7.25 | 4.73 | 17.59 | 13.05 | 35.62 | 18.27 | -1.24 | 47.7 | 12.77 | -4.56 | 90.03 | 3.66 | -6.87 | 96.77 | 2.34 | -11.03 | 101.72 | 0.18 | -10.0 | 5.88 | 21.36 | -0.6 | 34.26 | 56.77 | -0.4 | -9.44 | 96.75 | 14.5 | -8.09 | 4.07 | -75.03 | 177.24 | 32.16 | 6.7 | 0.63 |
| 22Q1 (10) | 0.64 | 1.59 | 39.13 | 49.54 | -2.36 | -5.84 | 15.56 | 11.94 | 15.52 | 18.50 | 26.63 | 23.33 | 13.38 | 2.61 | 18.3 | 3.93 | 2.61 | 34.59 | 2.63 | 0.38 | 42.93 | 0.20 | 0.0 | 25.0 | 21.49 | 21.76 | 14.49 | 57.00 | 30.55 | -10.5 | 84.50 | -11.15 | -5.88 | 16.28 | 232.09 | 59.17 | 30.14 | -7.03 | -13.22 |
| 21Q4 (9) | 0.63 | 0.0 | 70.27 | 50.74 | 1.81 | 13.41 | 13.90 | -20.62 | 33.53 | 14.61 | -25.31 | 42.68 | 13.04 | 1.8 | 67.82 | 3.83 | -4.01 | 62.98 | 2.62 | 1.95 | 59.76 | 0.20 | 0.0 | -4.76 | 17.65 | -21.69 | 34.02 | 43.66 | -13.2 | -25.41 | 95.10 | 6.6 | -6.22 | 4.90 | -54.58 | 448.04 | 32.42 | 11.79 | 9.9 |
| 21Q3 (8) | 0.63 | 117.24 | 46.51 | 49.84 | -1.75 | 3.6 | 17.51 | 35.0 | 25.61 | 19.56 | 58.12 | 26.77 | 12.81 | 90.63 | 19.83 | 3.99 | 114.52 | 40.49 | 2.57 | 121.55 | 22.97 | 0.20 | 17.65 | 5.26 | 22.54 | 41.67 | 20.66 | 50.30 | -19.76 | 52.93 | 89.21 | -15.25 | -1.0 | 10.79 | 305.04 | 9.11 | 29.00 | -9.26 | 2.8 |
| 21Q2 (7) | 0.29 | -36.96 | 107.14 | 50.73 | -3.57 | 2.42 | 12.97 | -3.71 | 119.09 | 12.37 | -17.53 | 88.85 | 6.72 | -40.58 | 61.15 | 1.86 | -36.3 | 97.87 | 1.16 | -36.96 | 73.13 | 0.17 | 6.25 | 6.25 | 15.91 | -15.24 | 49.67 | 62.69 | -1.57 | 56.1 | 105.26 | 17.26 | 16.15 | -5.26 | -151.46 | -156.14 | 31.96 | -7.98 | 0 |
| 21Q1 (6) | 0.46 | 24.32 | 6.98 | 52.61 | 17.59 | 0.84 | 13.47 | 29.39 | 9.78 | 15.00 | 46.48 | 0.27 | 11.31 | 45.56 | -1.99 | 2.92 | 24.26 | 6.57 | 1.84 | 12.2 | -8.0 | 0.16 | -23.81 | -5.88 | 18.77 | 42.52 | -0.21 | 63.69 | 8.82 | 51.9 | 89.77 | -11.47 | 8.82 | 10.23 | 826.14 | -41.56 | 34.73 | 17.73 | -0.49 |
| 20Q4 (5) | 0.37 | -13.95 | -28.85 | 44.74 | -7.0 | -8.23 | 10.41 | -25.32 | -15.37 | 10.24 | -33.64 | -20.68 | 7.77 | -27.32 | -28.52 | 2.35 | -17.25 | -27.47 | 1.64 | -21.53 | -32.79 | 0.21 | 10.53 | -4.55 | 13.17 | -29.5 | -17.53 | 58.53 | 77.96 | 75.03 | 101.41 | 12.54 | 6.18 | -1.41 | -114.24 | -131.34 | 29.50 | 4.57 | -2.19 |
| 20Q3 (4) | 0.43 | 207.14 | 0.0 | 48.11 | -2.87 | 0.0 | 13.94 | 135.47 | 0.0 | 15.43 | 135.57 | 0.0 | 10.69 | 156.35 | 0.0 | 2.84 | 202.13 | 0.0 | 2.09 | 211.94 | 0.0 | 0.19 | 18.75 | 0.0 | 18.68 | 75.73 | 0.0 | 32.89 | -18.1 | 0.0 | 90.11 | -0.57 | 0.0 | 9.89 | 5.49 | 0.0 | 28.21 | 0 | 0.0 |
| 20Q2 (3) | 0.14 | -67.44 | 0.0 | 49.53 | -5.06 | 0.0 | 5.92 | -51.75 | 0.0 | 6.55 | -56.22 | 0.0 | 4.17 | -63.86 | 0.0 | 0.94 | -65.69 | 0.0 | 0.67 | -66.5 | 0.0 | 0.16 | -5.88 | 0.0 | 10.63 | -43.49 | 0.0 | 40.16 | -4.22 | 0.0 | 90.62 | 9.85 | 0.0 | 9.38 | -46.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.43 | -17.31 | 0.0 | 52.17 | 7.02 | 0.0 | 12.27 | -0.24 | 0.0 | 14.96 | 15.88 | 0.0 | 11.54 | 6.16 | 0.0 | 2.74 | -15.43 | 0.0 | 2.00 | -18.03 | 0.0 | 0.17 | -22.73 | 0.0 | 18.81 | 17.78 | 0.0 | 41.93 | 25.39 | 0.0 | 82.50 | -13.62 | 0.0 | 17.50 | 289.38 | 0.0 | 34.90 | 15.72 | 0.0 |
| 19Q4 (1) | 0.52 | 0.0 | 0.0 | 48.75 | 0.0 | 0.0 | 12.30 | 0.0 | 0.0 | 12.91 | 0.0 | 0.0 | 10.87 | 0.0 | 0.0 | 3.24 | 0.0 | 0.0 | 2.44 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 15.97 | 0.0 | 0.0 | 33.44 | 0.0 | 0.0 | 95.51 | 0.0 | 0.0 | 4.49 | 0.0 | 0.0 | 30.16 | 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) | 2.95 | 6.12 | 51.49 | 2.77 | 17.97 | 15.49 | 2.71 | -2.21 | 18.35 | -0.16 | 14.16 | 1.22 | 15.93 | -0.06 | 11.11 | 2.21 | 0.78 | 1.3 | 21.39 | 0.05 | 38.45 | -25.35 | 97.84 | 15.49 | 2.16 | -85.85 | 3.35 | -9.19 | 28.78 | -4.58 |
| 2022 (9) | 2.78 | 39.0 | 50.10 | -1.59 | 15.56 | 6.87 | 2.77 | -8.45 | 18.38 | 18.43 | 13.99 | 26.04 | 15.94 | 30.98 | 10.87 | 33.37 | 0.77 | 5.48 | 21.38 | 13.6 | 51.51 | 17.98 | 84.72 | -9.71 | 15.28 | 147.58 | 3.68 | -8.05 | 30.16 | -5.45 |
| 2021 (8) | 2.00 | 45.99 | 50.91 | 5.29 | 14.56 | 34.81 | 3.03 | -8.12 | 15.52 | 30.64 | 11.10 | 28.62 | 12.17 | 42.84 | 8.15 | 38.37 | 0.73 | 7.35 | 18.82 | 22.29 | 43.66 | -25.41 | 93.83 | 3.25 | 6.17 | -32.35 | 4.01 | 4.07 | 31.90 | 0.89 |
| 2020 (7) | 1.37 | -36.28 | 48.35 | -3.28 | 10.80 | -17.93 | 3.30 | 3.88 | 11.88 | -23.26 | 8.63 | -29.32 | 8.52 | -36.18 | 5.89 | -39.96 | 0.68 | -15.0 | 15.39 | -18.31 | 58.53 | 75.03 | 90.88 | 6.83 | 9.12 | -38.92 | 3.85 | 2309.53 | 31.62 | 6.25 |
| 2019 (6) | 2.15 | -9.28 | 49.99 | -0.79 | 13.16 | -3.24 | 3.17 | 29.68 | 15.48 | -5.44 | 12.21 | -8.33 | 13.35 | -11.65 | 9.81 | -10.33 | 0.80 | -2.44 | 18.84 | -1.21 | 33.44 | -15.49 | 85.06 | 2.56 | 14.94 | -11.22 | 0.16 | -25.88 | 29.76 | 4.42 |
| 2018 (5) | 2.37 | 20.92 | 50.39 | 1.74 | 13.60 | 13.52 | 2.45 | -14.52 | 16.37 | 3.09 | 13.32 | 8.29 | 15.11 | 17.04 | 10.94 | 16.51 | 0.82 | 7.89 | 19.07 | -0.05 | 39.57 | 7.03 | 82.94 | 9.98 | 16.82 | -31.58 | 0.22 | 0 | 28.50 | -4.01 |
| 2017 (4) | 1.96 | 11.36 | 49.53 | -0.28 | 11.98 | 10.21 | 2.86 | -18.0 | 15.88 | 15.66 | 12.30 | 6.68 | 12.91 | 8.49 | 9.39 | 10.6 | 0.76 | 4.11 | 19.08 | 8.47 | 36.97 | -6.0 | 75.41 | -4.8 | 24.59 | 18.27 | 0.00 | 0 | 29.69 | -1.79 |
| 2016 (3) | 1.76 | 4.76 | 49.67 | 0.55 | 10.87 | 17.26 | 3.49 | -4.7 | 13.73 | 12.91 | 11.53 | 7.56 | 11.90 | 4.75 | 8.49 | 8.85 | 0.73 | 1.39 | 17.59 | 8.71 | 39.33 | -8.26 | 79.21 | 3.76 | 20.79 | -12.14 | 0.00 | 0 | 30.23 | -0.85 |
| 2015 (2) | 1.68 | 24.44 | 49.40 | 6.15 | 9.27 | 36.12 | 3.66 | 3.07 | 12.16 | 22.95 | 10.72 | 32.67 | 11.36 | 24.29 | 7.80 | 28.71 | 0.72 | -2.7 | 16.18 | 18.45 | 42.87 | -17.68 | 76.34 | 10.38 | 23.66 | -24.42 | 0.00 | 0 | 30.49 | 3.22 |
| 2014 (1) | 1.35 | 35.0 | 46.54 | 0 | 6.81 | 0 | 3.55 | 3.44 | 9.89 | 0 | 8.08 | 0 | 9.14 | 0 | 6.06 | 0 | 0.74 | -1.33 | 13.66 | 26.13 | 52.08 | -6.21 | 69.16 | 47.21 | 31.31 | -40.95 | 0.00 | 0 | 29.54 | 0.82 |
