- 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) | 2.77 | -18.77 | -15.55 | 15.80 | -4.93 | -3.13 | 11.50 | -6.96 | -3.12 | 13.76 | 12.05 | 1.4 | 11.49 | 16.65 | 2.04 | 8.44 | 6.43 | -13.26 | 3.72 | 14.46 | 13.41 | 0.32 | 0.0 | 14.29 | 15.81 | 10.48 | -1.0 | 119.14 | -18.84 | -37.59 | 83.53 | -17.07 | -4.47 | 16.37 | 2369.62 | 30.28 | 8.16 | 2.13 | -4.0 |
| 24Q2 (19) | 3.41 | 59.35 | 73.1 | 16.62 | 4.59 | 19.65 | 12.36 | 13.92 | 34.64 | 12.28 | 17.06 | 38.44 | 9.85 | 17.4 | 36.62 | 7.93 | 43.66 | 39.12 | 3.25 | 47.73 | 59.31 | 0.32 | 28.0 | 18.52 | 14.31 | 8.41 | 27.2 | 146.80 | -5.13 | -35.06 | 100.72 | -2.57 | -2.61 | -0.72 | 79.74 | 78.92 | 7.99 | -15.89 | -9.51 |
| 24Q1 (18) | 2.14 | -43.39 | 69.84 | 15.89 | -15.12 | 36.04 | 10.85 | -26.34 | 60.74 | 10.49 | -28.49 | 66.51 | 8.39 | -28.53 | 65.81 | 5.52 | -43.62 | 79.22 | 2.20 | -38.89 | 76.0 | 0.25 | -16.67 | 13.64 | 13.20 | -21.62 | 45.37 | 154.73 | -9.97 | -7.31 | 103.38 | 2.93 | -3.62 | -3.56 | -720.28 | 50.99 | 9.50 | 6.38 | -2.76 |
| 23Q4 (17) | 3.78 | 15.24 | 26.42 | 18.72 | 14.78 | 38.36 | 14.73 | 24.09 | 41.36 | 14.67 | 8.11 | 40.92 | 11.74 | 4.26 | 39.76 | 9.79 | 0.62 | 22.37 | 3.60 | 9.76 | 22.03 | 0.30 | 7.14 | -11.76 | 16.84 | 5.45 | 36.47 | 171.87 | -9.97 | -2.67 | 100.43 | 14.86 | 0.43 | -0.43 | -103.45 | -214.97 | 8.93 | 5.06 | 21.5 |
| 23Q3 (16) | 3.28 | 66.5 | -17.38 | 16.31 | 17.42 | 0.93 | 11.87 | 29.3 | -0.84 | 13.57 | 52.99 | -8.93 | 11.26 | 56.17 | -10.42 | 9.73 | 70.7 | -18.17 | 3.28 | 60.78 | -23.19 | 0.28 | 3.7 | -15.15 | 15.97 | 41.96 | -4.54 | 190.90 | -15.56 | 0.72 | 87.44 | -15.46 | 8.83 | 12.56 | 467.3 | -36.09 | 8.50 | -3.74 | 1.55 |
| 23Q2 (15) | 1.97 | 56.35 | -23.94 | 13.89 | 18.92 | -0.71 | 9.18 | 36.0 | -8.84 | 8.87 | 40.79 | -11.92 | 7.21 | 42.49 | -9.99 | 5.70 | 85.06 | -9.24 | 2.04 | 63.2 | -25.0 | 0.27 | 22.73 | -18.18 | 11.25 | 23.9 | -3.1 | 226.07 | 35.43 | 27.66 | 103.42 | -3.58 | 3.59 | -3.42 | 52.89 | 0 | 8.83 | -9.62 | 16.64 |
| 23Q1 (14) | 1.26 | -57.86 | -20.75 | 11.68 | -13.67 | 6.57 | 6.75 | -35.22 | 2.74 | 6.30 | -39.48 | -5.12 | 5.06 | -39.76 | 1.61 | 3.08 | -61.5 | 4.05 | 1.25 | -57.63 | -14.38 | 0.22 | -35.29 | -24.14 | 9.08 | -26.42 | 5.58 | 166.93 | -5.47 | 60.2 | 107.26 | 7.26 | 8.22 | -7.26 | -5171.29 | -922.88 | 9.77 | 32.93 | 14.81 |
| 22Q4 (13) | 2.99 | -24.69 | -2.61 | 13.53 | -16.27 | -13.66 | 10.42 | -12.95 | -8.52 | 10.41 | -30.13 | -9.79 | 8.40 | -33.17 | -8.2 | 8.00 | -32.72 | 13.64 | 2.95 | -30.91 | -12.46 | 0.34 | 3.03 | -5.56 | 12.34 | -26.24 | -6.52 | 176.59 | -6.83 | 57.66 | 100.00 | 24.47 | 1.3 | -0.14 | -100.7 | -110.76 | 7.35 | -12.19 | -16.1 |
| 22Q3 (12) | 3.97 | 53.28 | 56.3 | 16.16 | 15.51 | 1.13 | 11.97 | 18.87 | 14.99 | 14.90 | 47.96 | 38.09 | 12.57 | 56.93 | 41.39 | 11.89 | 89.33 | 78.26 | 4.27 | 56.99 | 40.92 | 0.33 | 0.0 | -2.94 | 16.73 | 44.1 | 32.15 | 189.54 | 7.03 | 69.76 | 80.34 | -19.53 | -16.63 | 19.66 | 0 | 469.05 | 8.37 | 10.57 | -17.46 |
| 22Q2 (11) | 2.59 | 62.89 | -19.57 | 13.99 | 27.65 | -8.32 | 10.07 | 53.27 | -10.96 | 10.07 | 51.66 | 14.3 | 8.01 | 60.84 | 13.94 | 6.28 | 112.16 | -0.32 | 2.72 | 86.3 | -3.89 | 0.33 | 13.79 | -17.5 | 11.61 | 35.0 | 11.31 | 177.09 | 69.95 | 28.1 | 99.84 | 0.73 | -22.2 | 0.00 | -100.0 | 100.0 | 7.57 | -11.05 | -2.32 |
| 22Q1 (10) | 1.59 | -48.21 | -41.97 | 10.96 | -30.06 | -23.73 | 6.57 | -42.32 | -34.63 | 6.64 | -42.46 | -36.7 | 4.98 | -45.57 | -40.36 | 2.96 | -57.95 | -53.82 | 1.46 | -56.68 | -52.29 | 0.29 | -19.44 | -19.44 | 8.60 | -34.85 | -29.68 | 104.20 | -6.97 | -7.38 | 99.12 | 0.4 | 3.59 | 0.88 | -31.08 | -79.58 | 8.51 | -2.85 | 0.59 |
| 21Q4 (9) | 3.07 | 20.87 | -17.47 | 15.67 | -1.94 | -7.99 | 11.39 | 9.41 | -8.37 | 11.54 | 6.95 | -14.26 | 9.15 | 2.92 | -14.33 | 7.04 | 5.55 | -30.43 | 3.37 | 11.22 | -27.37 | 0.36 | 5.88 | -16.28 | 13.20 | 4.27 | -12.0 | 112.01 | 0.32 | 0.75 | 98.72 | 2.45 | 7.0 | 1.28 | -62.94 | -83.14 | 8.76 | -13.61 | 0.34 |
| 21Q3 (8) | 2.54 | -21.12 | 7.63 | 15.98 | 4.72 | 21.98 | 10.41 | -7.96 | 32.27 | 10.79 | 22.47 | -4.43 | 8.89 | 26.46 | -8.82 | 6.67 | 5.87 | -9.74 | 3.03 | 7.07 | -6.77 | 0.34 | -15.0 | 3.03 | 12.66 | 21.38 | -4.09 | 111.65 | -19.23 | -13.8 | 96.36 | -24.91 | 38.28 | 3.45 | 112.19 | -88.6 | 10.14 | 30.84 | 4.75 |
| 21Q2 (7) | 3.22 | 17.52 | 318.18 | 15.26 | 6.19 | 33.51 | 11.31 | 12.54 | 127.57 | 8.81 | -16.02 | 73.77 | 7.03 | -15.81 | 67.38 | 6.30 | -1.72 | 154.03 | 2.83 | -7.52 | 135.83 | 0.40 | 11.11 | 42.86 | 10.43 | -14.72 | 40.95 | 138.24 | 22.88 | 5.53 | 128.34 | 34.13 | 30.97 | -28.34 | -755.79 | -1507.39 | 7.75 | -8.39 | 0 |
| 21Q1 (6) | 2.74 | -26.34 | 334.92 | 14.37 | -15.62 | 44.57 | 10.05 | -19.15 | 221.09 | 10.49 | -22.07 | 230.91 | 8.35 | -21.82 | 276.13 | 6.41 | -36.66 | 457.39 | 3.06 | -34.05 | 401.64 | 0.36 | -16.28 | 44.0 | 12.23 | -18.47 | 116.46 | 112.50 | 1.19 | 14.46 | 95.68 | 3.7 | -3.2 | 4.32 | -43.08 | 271.6 | 8.46 | -3.09 | 0 |
| 20Q4 (5) | 3.72 | 57.63 | 100.0 | 17.03 | 30.0 | 36.13 | 12.43 | 57.94 | 67.75 | 13.46 | 19.22 | 57.43 | 10.68 | 9.54 | 54.78 | 10.12 | 36.94 | 89.51 | 4.64 | 42.77 | 73.78 | 0.43 | 30.3 | 13.16 | 15.00 | 13.64 | 46.63 | 111.18 | -14.16 | 0.36 | 92.26 | 32.39 | 6.43 | 7.59 | -74.95 | -42.98 | 8.73 | -9.81 | -0.23 |
| 20Q3 (4) | 2.36 | 206.49 | 0.0 | 13.10 | 14.61 | 0.0 | 7.87 | 58.35 | 0.0 | 11.29 | 122.68 | 0.0 | 9.75 | 132.14 | 0.0 | 7.39 | 197.98 | 0.0 | 3.25 | 170.83 | 0.0 | 0.33 | 17.86 | 0.0 | 13.20 | 78.38 | 0.0 | 129.52 | -1.12 | 0.0 | 69.69 | -28.88 | 0.0 | 30.31 | 1405.41 | 0.0 | 9.68 | 0 | 0.0 |
| 20Q2 (3) | 0.77 | 22.22 | 0.0 | 11.43 | 14.99 | 0.0 | 4.97 | 58.79 | 0.0 | 5.07 | 59.94 | 0.0 | 4.20 | 89.19 | 0.0 | 2.48 | 115.65 | 0.0 | 1.20 | 96.72 | 0.0 | 0.28 | 12.0 | 0.0 | 7.40 | 30.97 | 0.0 | 130.99 | 33.27 | 0.0 | 97.99 | -0.86 | 0.0 | 2.01 | 73.15 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.63 | -66.13 | 0.0 | 9.94 | -20.54 | 0.0 | 3.13 | -57.76 | 0.0 | 3.17 | -62.92 | 0.0 | 2.22 | -67.83 | 0.0 | 1.15 | -78.46 | 0.0 | 0.61 | -77.15 | 0.0 | 0.25 | -34.21 | 0.0 | 5.65 | -44.77 | 0.0 | 98.29 | -11.27 | 0.0 | 98.84 | 14.02 | 0.0 | 1.16 | -91.27 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.86 | 0.0 | 0.0 | 12.51 | 0.0 | 0.0 | 7.41 | 0.0 | 0.0 | 8.55 | 0.0 | 0.0 | 6.90 | 0.0 | 0.0 | 5.34 | 0.0 | 0.0 | 2.67 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 10.23 | 0.0 | 0.0 | 110.78 | 0.0 | 0.0 | 86.69 | 0.0 | 0.0 | 13.31 | 0.0 | 0.0 | 8.75 | 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) | 10.28 | -7.72 | 15.39 | 11.68 | 10.91 | 9.98 | 1.83 | 23.31 | 11.15 | 4.4 | 9.06 | 4.62 | 25.23 | -3.41 | 9.63 | -12.3 | 1.02 | -17.74 | 13.56 | 8.57 | 171.87 | -2.67 | 97.77 | 5.26 | 2.23 | -68.66 | 0.94 | 0.73 | 8.97 | 13.4 |
| 2022 (9) | 11.14 | 11.85 | 13.78 | -10.23 | 9.92 | -8.49 | 1.48 | -3.12 | 10.68 | 2.4 | 8.66 | 3.46 | 26.12 | 1.83 | 10.98 | -10.51 | 1.24 | -14.48 | 12.49 | 2.88 | 176.59 | 57.66 | 92.88 | -10.69 | 7.12 | 0 | 0.93 | -14.23 | 7.91 | -9.7 |
| 2021 (8) | 9.96 | 33.16 | 15.35 | 13.28 | 10.84 | 35.67 | 1.53 | -12.36 | 10.43 | 12.63 | 8.37 | 11.16 | 25.65 | 29.35 | 12.27 | 28.48 | 1.45 | 16.0 | 12.14 | 8.1 | 112.01 | 0.75 | 104.00 | 20.55 | -4.00 | 0 | 1.09 | -48.1 | 8.76 | -12.75 |
| 2020 (7) | 7.48 | 48.71 | 13.55 | 10.07 | 7.99 | 29.5 | 1.75 | -16.26 | 9.26 | 22.0 | 7.53 | 19.52 | 19.83 | 45.27 | 9.55 | 34.32 | 1.25 | 13.64 | 11.23 | 13.55 | 111.18 | 0.36 | 86.27 | 6.09 | 13.73 | -26.52 | 2.09 | -3.8 | 10.04 | -4.29 |
| 2019 (6) | 5.03 | 2.65 | 12.31 | -18.75 | 6.17 | -15.71 | 2.09 | -4.47 | 7.59 | -23.8 | 6.30 | -25.53 | 13.65 | -1.09 | 7.11 | -8.02 | 1.10 | 22.22 | 9.89 | -20.94 | 110.78 | 35.25 | 81.31 | 10.78 | 18.69 | -29.43 | 2.17 | -0.4 | 10.49 | -17.85 |
| 2018 (5) | 4.90 | 92.16 | 15.15 | 3.84 | 7.32 | 20.2 | 2.19 | -10.73 | 9.96 | 44.35 | 8.46 | 48.42 | 13.80 | 70.16 | 7.73 | 71.78 | 0.90 | 18.42 | 12.51 | 26.49 | 81.91 | 0.06 | 73.40 | -16.86 | 26.48 | 126.17 | 2.18 | 0 | 12.77 | -4.63 |
| 2017 (4) | 2.55 | -43.33 | 14.59 | -11.36 | 6.09 | -30.8 | 2.45 | 23.96 | 6.90 | -28.42 | 5.70 | -30.15 | 8.11 | -37.13 | 4.50 | -33.04 | 0.76 | -6.17 | 9.89 | -18.67 | 81.86 | -9.55 | 88.29 | -3.21 | 11.71 | 33.32 | 0.00 | 0 | 13.39 | 9.22 |
| 2016 (3) | 4.50 | -12.45 | 16.46 | 25.36 | 8.80 | 37.5 | 1.98 | 12.1 | 9.64 | 3.43 | 8.16 | -0.49 | 12.90 | -7.99 | 6.72 | -1.61 | 0.81 | 0.0 | 12.16 | 6.11 | 90.50 | -10.54 | 91.22 | 33.03 | 8.78 | -72.06 | 0.00 | 0 | 12.26 | 10.55 |
| 2015 (2) | 5.14 | -38.66 | 13.13 | 0.15 | 6.40 | -24.08 | 1.76 | 31.75 | 9.32 | -8.98 | 8.20 | -11.64 | 14.02 | -43.38 | 6.83 | -34.45 | 0.81 | -26.36 | 11.46 | -4.02 | 101.16 | -15.91 | 68.57 | -16.72 | 31.43 | 77.93 | 0.00 | 0 | 11.09 | 48.06 |
| 2014 (1) | 8.38 | 1.45 | 13.11 | 0 | 8.43 | 0 | 1.34 | 4.59 | 10.24 | 0 | 9.28 | 0 | 24.76 | 0 | 10.42 | 0 | 1.10 | -11.29 | 11.94 | 8.74 | 120.30 | -28.85 | 82.34 | -6.26 | 17.66 | 45.15 | 0.00 | 0 | 7.49 | 8.55 |
