- 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) | 7.42 | 5.4 | 33.94 | 48.11 | 10.83 | 23.84 | 25.10 | 20.1 | 40.3 | 27.35 | 7.05 | 16.83 | 21.87 | 2.39 | 14.44 | 5.04 | -1.37 | 9.09 | 2.41 | 1.69 | 11.06 | 0.11 | 0.0 | 0.0 | 29.94 | 6.28 | 12.43 | 104.55 | -11.08 | -0.89 | 91.88 | 12.45 | 19.63 | 8.12 | -55.62 | -65.76 | 20.89 | 3.98 | -2.43 |
| 24Q2 (19) | 7.04 | 17.53 | 32.08 | 43.41 | 0.42 | 10.91 | 20.90 | 8.07 | 8.63 | 25.55 | 5.06 | 14.78 | 21.36 | 11.77 | 20.81 | 5.11 | 12.31 | 7.58 | 2.37 | 9.72 | 12.86 | 0.11 | 0.0 | -8.33 | 28.17 | 3.68 | 11.39 | 117.58 | -0.34 | -6.51 | 81.71 | 2.37 | -5.5 | 18.29 | -11.38 | 35.08 | 20.09 | -10.67 | 8.19 |
| 24Q1 (18) | 5.99 | -8.97 | 46.1 | 43.23 | -8.2 | 3.72 | 19.34 | -10.92 | 1.42 | 24.32 | 18.0 | 33.26 | 19.11 | 5.87 | 32.89 | 4.55 | -11.99 | 26.39 | 2.16 | -15.62 | 26.32 | 0.11 | -21.43 | -8.33 | 27.17 | 16.56 | 20.7 | 117.98 | 10.2 | -9.53 | 79.82 | -24.09 | -23.79 | 20.64 | 501.58 | 536.44 | 22.49 | 14.39 | 0.67 |
| 23Q4 (17) | 6.58 | 18.77 | 26.05 | 47.09 | 21.21 | 5.49 | 21.71 | 21.35 | -3.73 | 20.61 | -11.96 | 10.75 | 18.05 | -5.55 | 22.04 | 5.17 | 11.9 | 14.13 | 2.56 | 17.97 | 14.8 | 0.14 | 27.27 | -6.67 | 23.31 | -12.47 | 9.23 | 107.06 | 1.49 | 3.9 | 105.14 | 36.89 | -13.31 | -5.14 | -121.68 | 75.84 | 19.66 | -8.17 | -2.48 |
| 23Q3 (16) | 5.54 | 3.94 | -30.66 | 38.85 | -0.74 | -12.1 | 17.89 | -7.02 | -13.37 | 23.41 | 5.17 | -26.29 | 19.11 | 8.09 | -24.41 | 4.62 | -2.74 | -37.48 | 2.17 | 3.33 | -36.18 | 0.11 | -8.33 | -15.38 | 26.63 | 5.3 | -23.34 | 105.49 | -16.12 | -3.37 | 76.80 | -11.17 | 18.1 | 23.71 | 75.1 | -32.19 | 21.41 | 15.29 | -2.24 |
| 23Q2 (15) | 5.33 | 30.0 | -14.03 | 39.14 | -6.09 | -6.72 | 19.24 | 0.89 | -0.26 | 22.26 | 21.97 | -19.14 | 17.68 | 22.95 | -11.56 | 4.75 | 31.94 | -22.0 | 2.10 | 22.81 | -21.35 | 0.12 | 0.0 | -7.69 | 25.29 | 12.35 | -17.43 | 125.77 | -3.56 | -3.1 | 86.46 | -17.45 | 23.87 | 13.54 | 386.31 | -54.55 | 18.57 | -16.88 | -14.5 |
| 23Q1 (14) | 4.10 | -21.46 | -30.51 | 41.68 | -6.63 | -2.73 | 19.07 | -15.43 | 1.33 | 18.25 | -1.93 | -21.74 | 14.38 | -2.77 | -22.23 | 3.60 | -20.53 | -36.4 | 1.71 | -23.32 | -36.43 | 0.12 | -20.0 | -14.29 | 22.51 | 5.48 | -14.93 | 130.41 | 26.56 | -0.02 | 104.73 | -13.64 | 30.16 | -4.73 | 77.77 | -124.21 | 22.34 | 10.81 | 2.38 |
| 22Q4 (13) | 5.22 | -34.67 | -38.22 | 44.64 | 1.0 | 4.89 | 22.55 | 9.2 | -2.34 | 18.61 | -41.4 | -27.28 | 14.79 | -41.5 | -31.27 | 4.53 | -38.7 | -42.8 | 2.23 | -34.41 | -44.8 | 0.15 | 15.38 | -21.05 | 21.34 | -38.57 | -24.59 | 103.04 | -5.62 | 8.93 | 121.28 | 86.48 | 34.91 | -21.28 | -160.85 | -318.09 | 20.16 | -7.95 | 49.55 |
| 22Q3 (12) | 7.99 | 28.87 | 56.05 | 44.20 | 5.34 | 9.0 | 20.65 | 7.05 | 9.55 | 31.76 | 15.37 | 67.6 | 25.28 | 26.46 | 69.32 | 7.39 | 21.35 | 52.37 | 3.40 | 27.34 | 36.55 | 0.13 | 0.0 | -23.53 | 34.74 | 13.42 | 59.72 | 109.17 | -15.89 | 9.99 | 65.03 | -6.82 | -34.61 | 34.97 | 17.35 | 6403.5 | 21.90 | 0.83 | 12.02 |
| 22Q2 (11) | 6.20 | 5.08 | 22.53 | 41.96 | -2.08 | -5.3 | 19.29 | 2.5 | -23.24 | 27.53 | 18.05 | 20.06 | 19.99 | 8.11 | 11.12 | 6.09 | 7.6 | 32.68 | 2.67 | -0.74 | 8.1 | 0.13 | -7.14 | -7.14 | 30.63 | 15.76 | 16.15 | 129.80 | -0.48 | 37.4 | 69.80 | -13.26 | -36.42 | 29.80 | 52.53 | 404.58 | 21.72 | -0.46 | 33.58 |
| 22Q1 (10) | 5.90 | -30.18 | 21.65 | 42.85 | 0.68 | -3.08 | 18.82 | -18.49 | -20.79 | 23.32 | -8.87 | -1.31 | 18.49 | -14.08 | 0.38 | 5.66 | -28.54 | 24.94 | 2.69 | -33.42 | 7.6 | 0.14 | -26.32 | 7.69 | 26.46 | -6.5 | -3.68 | 130.43 | 37.89 | 62.61 | 80.47 | -10.49 | -19.99 | 19.53 | 100.23 | 3557.67 | 21.82 | 61.87 | 16.62 |
| 21Q4 (9) | 8.45 | 65.04 | 115.56 | 42.56 | 4.96 | -1.09 | 23.09 | 22.49 | 8.1 | 25.59 | 35.04 | 27.76 | 21.52 | 44.14 | 40.38 | 7.92 | 63.3 | 100.51 | 4.04 | 62.25 | 87.04 | 0.19 | 11.76 | 35.71 | 28.30 | 30.11 | 18.36 | 94.59 | -4.7 | 10.9 | 89.90 | -9.62 | -15.29 | 9.76 | 1714.63 | 243.41 | 13.48 | -31.05 | -29.09 |
| 21Q3 (8) | 5.12 | 1.19 | 26.11 | 40.55 | -8.49 | -13.92 | 18.85 | -24.99 | -21.98 | 18.95 | -17.36 | -16.22 | 14.93 | -17.01 | -17.33 | 4.85 | 5.66 | 13.85 | 2.49 | 0.81 | 10.18 | 0.17 | 21.43 | 41.67 | 21.75 | -17.52 | -19.5 | 99.25 | 5.06 | 19.88 | 99.46 | -9.4 | -6.91 | 0.54 | 105.5 | 107.85 | 19.55 | 20.23 | -7.96 |
| 21Q2 (7) | 5.06 | 4.33 | 42.54 | 44.31 | 0.23 | -6.77 | 25.13 | 5.77 | 11.64 | 22.93 | -2.96 | 7.8 | 17.99 | -2.33 | 9.49 | 4.59 | 1.32 | 22.4 | 2.47 | -1.2 | 22.89 | 0.14 | 7.69 | 16.67 | 26.37 | -4.0 | 1.07 | 94.47 | 17.78 | -3.09 | 109.78 | 9.17 | 3.46 | -9.78 | -1631.52 | -60.19 | 16.26 | -13.09 | 0 |
| 21Q1 (6) | 4.85 | 23.72 | 103.78 | 44.21 | 2.74 | 1.87 | 23.76 | 11.24 | 42.79 | 23.63 | 17.97 | 35.18 | 18.42 | 20.16 | 35.04 | 4.53 | 14.68 | 84.15 | 2.50 | 15.74 | 77.3 | 0.13 | -7.14 | 30.0 | 27.47 | 14.89 | 16.99 | 80.21 | -5.96 | 1.01 | 100.56 | -5.24 | 5.47 | -0.56 | 91.69 | -112.15 | 18.71 | -1.58 | 3.03 |
| 20Q4 (5) | 3.92 | -3.45 | 23.66 | 43.03 | -8.66 | -4.97 | 21.36 | -11.59 | -2.24 | 20.03 | -11.45 | 9.1 | 15.33 | -15.12 | 7.65 | 3.95 | -7.28 | 20.8 | 2.16 | -4.42 | 16.13 | 0.14 | 16.67 | 7.69 | 23.91 | -11.51 | 3.28 | 85.29 | 3.02 | 11.81 | 106.12 | -0.68 | -11.04 | -6.80 | 0.68 | 64.75 | 19.01 | -10.5 | 1329.32 |
| 20Q3 (4) | 4.06 | 14.37 | 0.0 | 47.11 | -0.88 | 0.0 | 24.16 | 7.33 | 0.0 | 22.62 | 6.35 | 0.0 | 18.06 | 9.92 | 0.0 | 4.26 | 13.6 | 0.0 | 2.26 | 12.44 | 0.0 | 0.12 | 0.0 | 0.0 | 27.02 | 3.56 | 0.0 | 82.79 | -15.07 | 0.0 | 106.85 | 0.7 | 0.0 | -6.85 | -12.16 | 0.0 | 21.24 | 0 | 0.0 |
| 20Q2 (3) | 3.55 | 49.16 | 0.0 | 47.53 | 9.52 | 0.0 | 22.51 | 35.28 | 0.0 | 21.27 | 21.68 | 0.0 | 16.43 | 20.45 | 0.0 | 3.75 | 52.44 | 0.0 | 2.01 | 42.55 | 0.0 | 0.12 | 20.0 | 0.0 | 26.09 | 11.12 | 0.0 | 97.48 | 22.76 | 0.0 | 106.11 | 11.28 | 0.0 | -6.11 | -231.3 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.38 | -24.92 | 0.0 | 43.40 | -4.15 | 0.0 | 16.64 | -23.84 | 0.0 | 17.48 | -4.79 | 0.0 | 13.64 | -4.21 | 0.0 | 2.46 | -24.77 | 0.0 | 1.41 | -24.19 | 0.0 | 0.10 | -23.08 | 0.0 | 23.48 | 1.43 | 0.0 | 79.41 | 4.1 | 0.0 | 95.35 | -20.08 | 0.0 | 4.65 | 124.1 | 0.0 | 18.16 | 1265.41 | 0.0 |
| 19Q4 (1) | 3.17 | 0.0 | 0.0 | 45.28 | 0.0 | 0.0 | 21.85 | 0.0 | 0.0 | 18.36 | 0.0 | 0.0 | 14.24 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 1.86 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 23.15 | 0.0 | 0.0 | 76.28 | 0.0 | 0.0 | 119.30 | 0.0 | 0.0 | -19.30 | 0.0 | 0.0 | 1.33 | 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) | 21.56 | -14.85 | 41.98 | -3.38 | 19.61 | -3.83 | 1.95 | 5.05 | 21.12 | -15.82 | 17.36 | -10.88 | 17.29 | -21.76 | 8.56 | -23.64 | 0.49 | -14.04 | 24.35 | -13.25 | 107.06 | 3.9 | 92.79 | 14.18 | 7.21 | -61.52 | 5.14 | -16.26 | 20.42 | -4.4 |
| 2022 (9) | 25.32 | 7.88 | 43.45 | 1.66 | 20.39 | -9.5 | 1.85 | -8.38 | 25.09 | 10.0 | 19.48 | 6.22 | 22.10 | 0.45 | 11.21 | -3.78 | 0.57 | -9.52 | 28.07 | 8.21 | 103.04 | 8.93 | 81.26 | -17.65 | 18.74 | 1464.51 | 6.13 | -16.57 | 21.36 | 27.14 |
| 2021 (8) | 23.47 | 68.61 | 42.74 | -5.61 | 22.53 | 5.13 | 2.02 | -31.05 | 22.81 | 11.27 | 18.34 | 14.84 | 22.00 | 58.27 | 11.65 | 49.94 | 0.63 | 31.25 | 25.94 | 3.1 | 94.59 | 10.9 | 98.68 | -5.58 | 1.20 | 0 | 7.35 | -17.16 | 16.80 | -19.62 |
| 2020 (7) | 13.92 | 25.29 | 45.28 | -1.61 | 21.43 | 6.51 | 2.93 | -6.97 | 20.50 | 4.59 | 15.97 | 5.27 | 13.90 | 7.75 | 7.77 | 8.98 | 0.48 | 4.35 | 25.16 | 1.29 | 85.29 | 11.81 | 104.51 | 1.74 | -4.51 | 0 | 8.87 | -15.57 | 20.90 | 66.4 |
| 2019 (6) | 11.11 | -1.59 | 46.02 | 1.12 | 20.12 | 12.53 | 3.15 | 17.01 | 19.60 | -13.81 | 15.17 | -18.96 | 12.90 | 1.98 | 7.13 | 3.48 | 0.46 | 27.78 | 24.84 | -8.74 | 76.28 | -20.53 | 102.72 | 31.02 | -2.72 | 0 | 10.51 | -1.7 | 12.56 | -25.55 |
| 2018 (5) | 11.29 | -25.82 | 45.51 | -3.56 | 17.88 | -29.61 | 2.70 | 67.99 | 22.74 | 1.43 | 18.72 | 5.58 | 12.65 | -27.8 | 6.89 | -25.19 | 0.36 | -29.41 | 27.22 | 8.4 | 95.99 | 18.84 | 78.40 | -30.78 | 21.30 | 0 | 10.69 | 0 | 16.87 | 20.76 |
| 2017 (4) | 15.22 | -4.28 | 47.19 | 8.41 | 25.40 | 9.44 | 1.60 | 19.73 | 22.42 | -0.71 | 17.73 | -2.26 | 17.52 | -17.63 | 9.21 | -14.09 | 0.51 | -12.07 | 25.11 | 0.64 | 80.77 | -25.5 | 113.26 | 10.1 | -13.26 | 0 | 0.00 | 0 | 13.97 | -2.38 |
| 2016 (3) | 15.90 | -3.11 | 43.53 | -8.3 | 23.21 | -4.01 | 1.34 | -18.86 | 22.58 | -9.32 | 18.14 | -10.51 | 21.27 | -16.59 | 10.72 | -21.81 | 0.58 | -13.43 | 24.95 | -9.54 | 108.41 | 17.29 | 102.87 | 6.06 | -2.87 | 0 | 0.00 | 0 | 14.31 | -13.11 |
| 2015 (2) | 16.41 | 37.9 | 47.47 | 4.31 | 24.18 | 12.05 | 1.65 | -19.42 | 24.90 | 7.98 | 20.27 | 11.13 | 25.50 | 26.18 | 13.71 | 20.26 | 0.67 | 8.06 | 27.58 | 5.71 | 92.43 | 12.9 | 96.99 | 3.7 | 2.81 | -56.54 | 0.00 | 0 | 16.47 | 8.43 |
| 2014 (1) | 11.90 | -41.38 | 45.51 | 0 | 21.58 | 0 | 2.05 | 122.44 | 23.06 | 0 | 18.24 | 0 | 20.21 | 0 | 11.40 | 0 | 0.62 | -38.61 | 26.09 | -8.52 | 81.87 | 10.26 | 93.53 | -4.43 | 6.47 | 203.55 | 0.00 | 0 | 15.19 | 52.82 |
