- 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) | 1.30 | -11.56 | -21.21 | 31.98 | 7.89 | 52.94 | 18.57 | 30.13 | 50.0 | 21.59 | 14.78 | 56.9 | 10.70 | -11.64 | 30.01 | 2.44 | -10.29 | -27.38 | 1.63 | -8.43 | -18.09 | 0.14 | 0.0 | -39.13 | 27.57 | 10.28 | 56.92 | 63.18 | 0.62 | -23.49 | 86.06 | 13.64 | -4.37 | 13.94 | -42.57 | 39.37 | 21.48 | -7.45 | 69.0 |
| 24Q2 (19) | 1.47 | 2.08 | 21.49 | 29.64 | 23.5 | 86.77 | 14.27 | 23.02 | 108.02 | 18.81 | 23.99 | 75.14 | 12.11 | 5.4 | 56.06 | 2.72 | -1.09 | 8.8 | 1.78 | 3.49 | 16.34 | 0.14 | 0.0 | -22.22 | 25.00 | 18.88 | 55.38 | 62.79 | -3.0 | -18.34 | 75.73 | -0.97 | 19.37 | 24.27 | 3.14 | -32.63 | 23.21 | 14.67 | 60.96 |
| 24Q1 (18) | 1.44 | -3.36 | 28.57 | 24.00 | 3.27 | 38.65 | 11.60 | -6.3 | 82.1 | 15.17 | 1.13 | 55.11 | 11.49 | 33.6 | 47.5 | 2.75 | -3.51 | 25.0 | 1.72 | -0.58 | 29.32 | 0.14 | -22.22 | -12.5 | 21.03 | 7.46 | 30.54 | 64.73 | -16.03 | -13.8 | 76.47 | -7.52 | 17.41 | 23.53 | 35.89 | -32.52 | 20.24 | 29.41 | 21.71 |
| 23Q4 (17) | 1.49 | -9.7 | 65.56 | 23.24 | 11.14 | -7.52 | 12.38 | 0.0 | -22.43 | 15.00 | 9.01 | 2.74 | 8.60 | 4.5 | 66.02 | 2.85 | -15.18 | 49.21 | 1.73 | -13.07 | 51.75 | 0.18 | -21.74 | -10.0 | 19.57 | 11.38 | -0.71 | 77.09 | -6.65 | -11.06 | 82.69 | -8.13 | -24.16 | 17.31 | 73.14 | 284.89 | 15.64 | 23.05 | 15.25 |
| 23Q3 (16) | 1.65 | 36.36 | -24.66 | 20.91 | 31.76 | -22.27 | 12.38 | 80.47 | -24.56 | 13.76 | 28.12 | -24.69 | 8.23 | 6.06 | -31.01 | 3.36 | 34.4 | -37.08 | 1.99 | 30.07 | -31.38 | 0.23 | 27.78 | -4.17 | 17.57 | 9.2 | -22.02 | 82.58 | 7.4 | -8.82 | 90.00 | 41.86 | 0.13 | 10.00 | -72.24 | -1.14 | 12.71 | -11.86 | -9.47 |
| 23Q2 (15) | 1.21 | 8.04 | -1.63 | 15.87 | -8.32 | -16.25 | 6.86 | 7.69 | -24.78 | 10.74 | 9.82 | 0.28 | 7.76 | -0.39 | 0.52 | 2.50 | 13.64 | -10.71 | 1.53 | 15.04 | -0.65 | 0.18 | 12.5 | -5.26 | 16.09 | -0.12 | 1.45 | 76.89 | 2.4 | -14.4 | 63.44 | -2.6 | -25.54 | 36.02 | 3.31 | 143.46 | 14.42 | -13.29 | -4.82 |
| 23Q1 (14) | 1.12 | 24.44 | 0.9 | 17.31 | -31.12 | -15.31 | 6.37 | -60.09 | -30.0 | 9.78 | -33.01 | -7.03 | 7.79 | 50.39 | -3.35 | 2.20 | 15.18 | -15.06 | 1.33 | 16.67 | -6.99 | 0.16 | -20.0 | -5.88 | 16.11 | -18.26 | -1.23 | 75.09 | -13.37 | -16.86 | 65.13 | -40.26 | -25.05 | 34.87 | 472.34 | 154.69 | 16.63 | 22.55 | -1.01 |
| 22Q4 (13) | 0.90 | -58.9 | 7.14 | 25.13 | -6.58 | 26.22 | 15.96 | -2.74 | 82.82 | 14.60 | -20.09 | 43.7 | 5.18 | -56.58 | -0.38 | 1.91 | -64.23 | -1.04 | 1.14 | -60.69 | 4.59 | 0.20 | -16.67 | 0.0 | 19.71 | -12.52 | 26.59 | 86.68 | -4.3 | 0.17 | 109.03 | 21.3 | 26.75 | -9.36 | -192.58 | -166.99 | 13.57 | -3.35 | -13.51 |
| 22Q3 (12) | 2.19 | 78.05 | 30.36 | 26.90 | 41.95 | 11.53 | 16.41 | 79.93 | 19.17 | 18.27 | 70.59 | 14.4 | 11.93 | 54.53 | 5.67 | 5.34 | 90.71 | 22.76 | 2.90 | 88.31 | 22.88 | 0.24 | 26.32 | 20.0 | 22.53 | 42.06 | 7.49 | 90.57 | 0.84 | 4.03 | 89.89 | 5.49 | 4.04 | 10.11 | -31.64 | -25.66 | 14.04 | -7.33 | -5.71 |
| 22Q2 (11) | 1.23 | 10.81 | -6.82 | 18.95 | -7.29 | -1.56 | 9.12 | 0.22 | -7.51 | 10.71 | 1.81 | -4.97 | 7.72 | -4.22 | -8.96 | 2.80 | 8.11 | -14.37 | 1.54 | 7.69 | -12.99 | 0.19 | 11.76 | -5.0 | 15.86 | -2.76 | -0.38 | 89.82 | -0.55 | -1.73 | 85.20 | -1.96 | -2.28 | 14.80 | 8.07 | 20.14 | 15.15 | -9.82 | 10.34 |
| 22Q1 (10) | 1.11 | 32.14 | -5.93 | 20.44 | 2.66 | -4.89 | 9.10 | 4.24 | -12.84 | 10.52 | 3.54 | -12.48 | 8.06 | 55.0 | -13.15 | 2.59 | 34.2 | -12.79 | 1.43 | 31.19 | -13.86 | 0.17 | -15.0 | 0.0 | 16.31 | 4.75 | -7.38 | 90.32 | 4.38 | 0.62 | 86.90 | 1.03 | 0.11 | 13.69 | -2.06 | 3.82 | 16.80 | 7.07 | 1.02 |
| 21Q4 (9) | 0.84 | -50.0 | -15.15 | 19.91 | -17.45 | -13.47 | 8.73 | -36.6 | -26.95 | 10.16 | -36.38 | -15.68 | 5.20 | -53.94 | -29.16 | 1.93 | -55.63 | -28.52 | 1.09 | -53.81 | -29.68 | 0.20 | 0.0 | 0.0 | 15.57 | -25.72 | -7.82 | 86.53 | -0.61 | 7.2 | 86.02 | -0.43 | -13.16 | 13.98 | 2.74 | 1374.73 | 15.69 | 5.37 | 1.75 |
| 21Q3 (8) | 1.68 | 27.27 | 10.53 | 24.12 | 25.3 | 13.13 | 13.77 | 39.66 | 9.72 | 15.97 | 41.7 | 32.42 | 11.29 | 33.14 | 17.6 | 4.35 | 33.03 | 10.13 | 2.36 | 33.33 | 4.89 | 0.20 | 0.0 | -13.04 | 20.96 | 31.66 | 27.03 | 87.06 | -4.75 | 8.42 | 86.39 | -0.91 | -17.3 | 13.61 | 10.48 | 438.62 | 14.89 | 8.45 | 11.45 |
| 21Q2 (7) | 1.32 | 11.86 | 37.5 | 19.25 | -10.42 | 10.25 | 9.86 | -5.56 | 31.12 | 11.27 | -6.24 | 12.81 | 8.48 | -8.62 | 5.87 | 3.27 | 10.1 | 29.76 | 1.77 | 6.63 | 22.92 | 0.20 | 17.65 | 17.65 | 15.92 | -9.6 | 0.0 | 91.40 | 1.83 | 11.65 | 87.19 | 0.44 | 15.7 | 12.32 | -6.61 | -50.01 | 13.73 | -17.44 | 0 |
| 21Q1 (6) | 1.18 | 19.19 | 53.25 | 21.49 | -6.61 | 14.43 | 10.44 | -12.64 | 22.25 | 12.02 | -0.25 | 48.21 | 9.28 | 26.43 | 50.16 | 2.97 | 10.0 | 58.82 | 1.66 | 7.1 | 50.91 | 0.17 | -15.0 | 0.0 | 17.61 | 4.26 | 24.36 | 89.76 | 11.2 | 5.81 | 86.81 | -12.36 | -17.64 | 13.19 | 1291.21 | 343.96 | 16.63 | 7.85 | 0 |
| 20Q4 (5) | 0.99 | -34.87 | -18.85 | 23.01 | 7.93 | 14.19 | 11.95 | -4.78 | 17.73 | 12.05 | -0.08 | 13.04 | 7.34 | -23.54 | -2.91 | 2.70 | -31.65 | -14.01 | 1.55 | -31.11 | -13.89 | 0.20 | -13.04 | -13.04 | 16.89 | 2.36 | 12.3 | 80.72 | 0.52 | -0.98 | 99.05 | -5.18 | 4.13 | 0.95 | 123.59 | -80.57 | 15.42 | 15.42 | 0 |
| 20Q3 (4) | 1.52 | 58.33 | 0.0 | 21.32 | 22.11 | 0.0 | 12.55 | 66.89 | 0.0 | 12.06 | 20.72 | 0.0 | 9.60 | 19.85 | 0.0 | 3.95 | 56.75 | 0.0 | 2.25 | 56.25 | 0.0 | 0.23 | 35.29 | 0.0 | 16.50 | 3.64 | 0.0 | 80.30 | -1.91 | 0.0 | 104.46 | 38.62 | 0.0 | -4.02 | -116.31 | 0.0 | 13.36 | 0 | 0.0 |
| 20Q2 (3) | 0.96 | 24.68 | 0.0 | 17.46 | -7.03 | 0.0 | 7.52 | -11.94 | 0.0 | 9.99 | 23.18 | 0.0 | 8.01 | 29.61 | 0.0 | 2.52 | 34.76 | 0.0 | 1.44 | 30.91 | 0.0 | 0.17 | 0.0 | 0.0 | 15.92 | 12.43 | 0.0 | 81.86 | -3.5 | 0.0 | 75.36 | -28.5 | 0.0 | 24.64 | 555.8 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.77 | -36.89 | 0.0 | 18.78 | -6.8 | 0.0 | 8.54 | -15.86 | 0.0 | 8.11 | -23.92 | 0.0 | 6.18 | -18.25 | 0.0 | 1.87 | -40.45 | 0.0 | 1.10 | -38.89 | 0.0 | 0.17 | -26.09 | 0.0 | 14.16 | -5.85 | 0.0 | 84.83 | 4.06 | 0.0 | 105.41 | 10.81 | 0.0 | -5.41 | -210.81 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.22 | 0.0 | 0.0 | 20.15 | 0.0 | 0.0 | 10.15 | 0.0 | 0.0 | 10.66 | 0.0 | 0.0 | 7.56 | 0.0 | 0.0 | 3.14 | 0.0 | 0.0 | 1.80 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 15.04 | 0.0 | 0.0 | 81.52 | 0.0 | 0.0 | 95.12 | 0.0 | 0.0 | 4.88 | 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) | 5.46 | 0.55 | 19.58 | -15.86 | 9.84 | -24.94 | 4.06 | -8.46 | 12.54 | -10.24 | 8.12 | -3.33 | 10.69 | -14.21 | 6.35 | -9.67 | 0.72 | -8.86 | 17.43 | -8.21 | 77.09 | -11.06 | 78.49 | -16.32 | 21.61 | 248.67 | 0.04 | 38.68 | 14.67 | -0.47 |
| 2022 (9) | 5.43 | 8.38 | 23.27 | 9.82 | 13.11 | 22.29 | 4.43 | -6.46 | 13.97 | 12.84 | 8.40 | -1.52 | 12.46 | 2.98 | 7.03 | 3.08 | 0.79 | 2.6 | 18.99 | 8.39 | 86.68 | 0.17 | 93.80 | 8.33 | 6.20 | -53.78 | 0.03 | -33.14 | 14.74 | -2.9 |
| 2021 (8) | 5.01 | 17.88 | 21.19 | 3.87 | 10.72 | 2.78 | 4.74 | 0.51 | 12.38 | 15.06 | 8.53 | 8.11 | 12.10 | 14.69 | 6.82 | 12.17 | 0.77 | 4.05 | 17.52 | 9.64 | 86.53 | 7.2 | 86.59 | -10.67 | 13.41 | 337.43 | 0.04 | -37.16 | 15.18 | 0.13 |
| 2020 (7) | 4.25 | 1.19 | 20.40 | 24.24 | 10.43 | 36.88 | 4.71 | 15.83 | 10.76 | 23.39 | 7.89 | 21.01 | 10.55 | 0.48 | 6.08 | -1.78 | 0.74 | -17.78 | 15.98 | 20.33 | 80.72 | -0.98 | 96.93 | 10.88 | 3.07 | -75.62 | 0.07 | 44.74 | 15.16 | 15.37 |
| 2019 (6) | 4.20 | 4.22 | 16.42 | 19.33 | 7.62 | 27.64 | 4.07 | 25.53 | 8.72 | 17.52 | 6.52 | 16.64 | 10.50 | 1.16 | 6.19 | -0.48 | 0.90 | -15.89 | 13.28 | 20.29 | 81.52 | 8.51 | 87.42 | 8.74 | 12.58 | -35.84 | 0.05 | -51.12 | 13.14 | 7.0 |
| 2018 (5) | 4.03 | -2.42 | 13.76 | 9.73 | 5.97 | 6.61 | 3.24 | 23.49 | 7.42 | 19.1 | 5.59 | 17.93 | 10.38 | 0.39 | 6.22 | -0.48 | 1.07 | -15.75 | 11.04 | 20.66 | 75.13 | 3.9 | 80.40 | -10.67 | 19.60 | 93.0 | 0.10 | -39.36 | 12.28 | 23.05 |
| 2017 (4) | 4.13 | 11.02 | 12.54 | 21.28 | 5.60 | 29.33 | 2.62 | 14.59 | 6.23 | 25.6 | 4.74 | 26.4 | 10.34 | 10.35 | 6.25 | 9.27 | 1.27 | -13.61 | 9.15 | 21.84 | 72.31 | 2.02 | 90.00 | 3.18 | 10.16 | -20.49 | 0.16 | 0 | 9.98 | 23.06 |
| 2016 (3) | 3.72 | 5.68 | 10.34 | 6.93 | 4.33 | 9.34 | 2.29 | -7.74 | 4.96 | 2.06 | 3.75 | -2.34 | 9.37 | 10.24 | 5.72 | 7.12 | 1.47 | 9.7 | 7.51 | -0.79 | 70.88 | 0.87 | 87.23 | 7.25 | 12.77 | -30.9 | 0.00 | 0 | 8.11 | -9.39 |
| 2015 (2) | 3.52 | 1.15 | 9.67 | -17.7 | 3.96 | -28.78 | 2.48 | -1.85 | 4.86 | -24.53 | 3.84 | -19.83 | 8.50 | -15.51 | 5.34 | -15.51 | 1.34 | 3.88 | 7.57 | -17.63 | 70.27 | 18.84 | 81.33 | -5.73 | 18.48 | 34.7 | 0.00 | 0 | 8.95 | -10.14 |
| 2014 (1) | 3.48 | 25.63 | 11.75 | 0 | 5.56 | 0 | 2.53 | 31.6 | 6.44 | 0 | 4.79 | 0 | 10.06 | 0 | 6.32 | 0 | 1.29 | -19.88 | 9.19 | 38.4 | 59.13 | -13.16 | 86.28 | -1.7 | 13.72 | 12.16 | 0.00 | 0 | 9.96 | 28.52 |
