- 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) | 3.49 | 41.3 | 9.4 | 52.28 | 4.83 | 4.81 | 35.02 | 17.16 | 10.61 | 36.76 | 2.37 | -6.94 | 30.25 | 7.69 | -5.65 | 7.26 | 40.43 | 5.22 | 5.60 | 40.0 | 4.09 | 0.19 | 35.71 | 11.76 | 40.06 | -1.16 | -7.23 | 23.29 | -36.45 | -2.23 | 95.04 | 14.29 | 18.55 | 4.70 | -72.1 | -76.3 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 2.47 | 11.26 | 41.14 | 49.87 | 8.44 | 20.17 | 29.89 | 25.38 | 31.67 | 35.91 | -0.61 | 22.39 | 28.09 | -4.03 | 28.21 | 5.17 | 13.38 | 38.24 | 4.00 | 7.82 | 34.68 | 0.14 | 7.69 | 0.0 | 40.53 | -1.63 | 19.77 | 36.65 | 65.02 | 11.2 | 83.16 | 26.01 | 7.65 | 16.84 | -50.48 | -25.96 | 24.49 | -5.92 | 2.6 |
| 24Q1 (18) | 2.22 | 5.71 | 107.48 | 45.99 | -9.72 | 8.88 | 23.84 | -28.13 | 22.44 | 36.13 | 20.92 | 76.5 | 29.27 | 24.13 | 80.46 | 4.56 | 2.93 | 95.71 | 3.71 | 3.34 | 93.23 | 0.13 | -13.33 | 8.33 | 41.20 | 20.15 | 57.85 | 22.21 | -7.19 | 14.72 | 65.99 | -40.46 | -30.57 | 34.01 | 413.92 | 585.83 | 26.03 | 12.98 | -6.54 |
| 23Q4 (17) | 2.10 | -34.17 | 100.0 | 50.94 | 2.13 | 28.86 | 33.17 | 4.77 | 54.93 | 29.88 | -24.35 | 55.06 | 23.58 | -26.45 | 55.95 | 4.43 | -35.8 | 79.35 | 3.59 | -33.27 | 80.4 | 0.15 | -11.76 | 15.38 | 34.29 | -20.59 | 40.3 | 23.93 | 0.46 | -2.88 | 110.83 | 38.25 | 0.0 | -10.83 | -154.63 | 0.0 | 23.04 | 2.45 | 2.77 |
| 23Q3 (16) | 3.19 | 82.29 | 45.66 | 49.88 | 20.19 | 24.67 | 31.66 | 39.47 | 55.96 | 39.50 | 34.63 | 0.84 | 32.06 | 46.33 | -1.08 | 6.90 | 84.49 | 27.78 | 5.38 | 81.14 | 30.9 | 0.17 | 21.43 | 30.77 | 43.18 | 27.6 | -3.31 | 23.82 | -27.73 | 1.79 | 80.17 | 3.78 | 54.52 | 19.83 | -12.83 | -58.79 | 22.49 | -5.78 | -10.68 |
| 23Q2 (15) | 1.75 | 63.55 | 0.0 | 41.50 | -1.75 | 10.99 | 22.70 | 16.59 | 23.44 | 29.34 | 43.33 | -4.96 | 21.91 | 35.08 | -10.83 | 3.74 | 60.52 | -10.1 | 2.97 | 54.69 | -5.41 | 0.14 | 16.67 | 7.69 | 33.84 | 29.66 | -6.49 | 32.96 | 70.25 | -17.39 | 77.25 | -18.72 | 29.62 | 22.75 | 358.77 | -43.7 | 23.87 | -14.29 | -9.96 |
| 23Q1 (14) | 1.07 | 1.9 | -40.56 | 42.24 | 6.86 | 5.15 | 19.47 | -9.06 | -13.12 | 20.47 | 6.23 | -26.21 | 16.22 | 7.28 | -26.14 | 2.33 | -5.67 | -43.17 | 1.92 | -3.52 | -40.92 | 0.12 | -7.69 | -20.0 | 26.10 | 6.79 | -18.16 | 19.36 | -21.43 | -25.28 | 95.04 | -14.25 | 17.51 | 4.96 | 145.77 | -74.06 | 27.85 | 24.22 | 14.8 |
| 22Q4 (13) | 1.05 | -52.05 | -39.66 | 39.53 | -1.2 | -6.04 | 21.41 | 5.47 | -20.38 | 19.27 | -50.8 | -23.89 | 15.12 | -53.35 | -23.48 | 2.47 | -54.26 | -41.61 | 1.99 | -51.58 | -40.42 | 0.13 | 0.0 | -23.53 | 24.44 | -45.28 | -15.52 | 24.64 | 5.3 | -6.03 | 110.83 | 113.62 | 4.1 | -10.83 | -122.51 | -67.5 | 22.42 | -10.96 | 13.69 |
| 22Q3 (12) | 2.19 | 25.14 | -6.81 | 40.01 | 7.01 | -7.92 | 20.30 | 10.39 | -26.26 | 39.17 | 26.89 | 25.54 | 32.41 | 31.91 | 29.48 | 5.40 | 29.81 | -10.6 | 4.11 | 30.89 | -9.87 | 0.13 | 0.0 | -27.78 | 44.66 | 23.4 | 28.81 | 23.40 | -41.35 | -12.26 | 51.88 | -12.94 | -41.21 | 48.12 | 19.09 | 309.77 | 25.18 | -5.02 | 16.14 |
| 22Q2 (11) | 1.75 | -2.78 | 19.05 | 37.39 | -6.92 | -11.54 | 18.39 | -17.94 | -26.32 | 30.87 | 11.28 | 30.97 | 24.57 | 11.89 | 30.9 | 4.16 | 1.46 | 15.24 | 3.14 | -3.38 | 14.18 | 0.13 | -13.33 | -13.33 | 36.19 | 13.48 | 29.71 | 39.90 | 53.99 | 4.48 | 59.60 | -26.32 | -43.81 | 40.40 | 111.34 | 766.67 | 26.51 | 9.27 | 12.66 |
| 22Q1 (10) | 1.80 | 3.45 | 16.13 | 40.17 | -4.52 | -0.4 | 22.41 | -16.66 | -7.47 | 27.74 | 9.56 | 6.69 | 21.96 | 11.13 | 6.81 | 4.10 | -3.07 | 7.05 | 3.25 | -2.69 | 6.91 | 0.15 | -11.76 | 0.0 | 31.89 | 10.23 | 5.84 | 25.91 | -1.18 | 3.14 | 80.88 | -24.03 | -13.2 | 19.12 | 395.59 | 180.39 | 24.26 | 23.02 | 5.75 |
| 21Q4 (9) | 1.74 | -25.96 | -12.12 | 42.07 | -3.18 | -14.11 | 26.89 | -2.32 | -10.61 | 25.32 | -18.85 | -8.16 | 19.76 | -21.05 | -16.09 | 4.23 | -29.97 | -16.9 | 3.34 | -26.75 | -15.87 | 0.17 | -5.56 | 0.0 | 28.93 | -16.56 | -7.51 | 26.22 | -1.69 | -0.42 | 106.47 | 20.63 | -2.45 | -6.47 | -155.08 | 29.22 | 19.72 | -9.04 | -13.17 |
| 21Q3 (8) | 2.35 | 59.86 | 20.51 | 43.45 | 2.79 | -12.22 | 27.53 | 10.3 | -13.51 | 31.20 | 32.37 | 6.59 | 25.03 | 33.35 | 6.92 | 6.04 | 67.31 | -5.77 | 4.56 | 65.82 | 1.79 | 0.18 | 20.0 | -5.26 | 34.67 | 24.27 | 5.19 | 26.67 | -30.16 | -11.63 | 88.26 | -16.79 | -18.77 | 11.74 | 293.75 | 235.69 | 21.68 | -7.86 | -5.2 |
| 21Q2 (7) | 1.47 | -5.16 | -25.0 | 42.27 | 4.81 | -8.15 | 24.96 | 3.06 | -14.99 | 23.57 | -9.35 | -20.83 | 18.77 | -8.71 | -18.18 | 3.61 | -5.74 | -52.62 | 2.75 | -9.54 | -46.39 | 0.15 | 0.0 | -31.82 | 27.90 | -7.4 | -16.42 | 38.19 | 52.03 | -39.69 | 106.06 | 13.82 | 7.61 | -6.06 | -188.89 | -522.22 | 23.53 | 2.57 | 0 |
| 21Q1 (6) | 1.55 | -21.72 | 9.15 | 40.33 | -17.66 | -14.9 | 24.22 | -19.48 | -14.02 | 26.00 | -5.69 | -15.86 | 20.56 | -12.7 | -16.49 | 3.83 | -24.75 | -30.36 | 3.04 | -23.43 | -24.75 | 0.15 | -11.76 | -6.25 | 30.13 | -3.68 | -16.65 | 25.12 | -4.6 | -26.83 | 93.18 | -14.62 | 2.29 | 6.82 | 174.62 | -23.43 | 22.94 | 1.01 | 0 |
| 20Q4 (5) | 1.98 | 1.54 | 21.47 | 48.98 | -1.05 | -3.09 | 30.08 | -5.5 | -5.29 | 27.57 | -5.81 | -3.09 | 23.55 | 0.6 | 8.48 | 5.09 | -20.59 | -23.57 | 3.97 | -11.38 | -18.14 | 0.17 | -10.53 | -22.73 | 31.28 | -5.1 | -3.96 | 26.33 | -12.76 | -31.66 | 109.14 | 0.44 | -2.06 | -9.14 | -5.58 | 20.05 | 22.71 | -0.7 | 0 |
| 20Q3 (4) | 1.95 | -0.51 | 0.0 | 49.50 | 7.56 | 0.0 | 31.83 | 8.41 | 0.0 | 29.27 | -1.68 | 0.0 | 23.41 | 2.05 | 0.0 | 6.41 | -15.88 | 0.0 | 4.48 | -12.67 | 0.0 | 0.19 | -13.64 | 0.0 | 32.96 | -1.26 | 0.0 | 30.18 | -52.34 | 0.0 | 108.65 | 10.24 | 0.0 | -8.65 | -702.88 | 0.0 | 22.87 | 0 | 0.0 |
| 20Q2 (3) | 1.96 | 38.03 | 0.0 | 46.02 | -2.89 | 0.0 | 29.36 | 4.22 | 0.0 | 29.77 | -3.66 | 0.0 | 22.94 | -6.82 | 0.0 | 7.62 | 38.55 | 0.0 | 5.13 | 26.98 | 0.0 | 0.22 | 37.5 | 0.0 | 33.38 | -7.66 | 0.0 | 63.32 | 84.45 | 0.0 | 98.56 | 8.2 | 0.0 | 1.44 | -83.88 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.42 | -12.88 | 0.0 | 47.39 | -6.23 | 0.0 | 28.17 | -11.3 | 0.0 | 30.90 | 8.61 | 0.0 | 24.62 | 13.4 | 0.0 | 5.50 | -17.42 | 0.0 | 4.04 | -16.7 | 0.0 | 0.16 | -27.27 | 0.0 | 36.15 | 10.99 | 0.0 | 34.33 | -10.9 | 0.0 | 91.10 | -18.25 | 0.0 | 8.90 | 177.91 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.63 | 0.0 | 0.0 | 50.54 | 0.0 | 0.0 | 31.76 | 0.0 | 0.0 | 28.45 | 0.0 | 0.0 | 21.71 | 0.0 | 0.0 | 6.66 | 0.0 | 0.0 | 4.85 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 32.57 | 0.0 | 0.0 | 38.53 | 0.0 | 0.0 | 111.43 | 0.0 | 0.0 | -11.43 | 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) | 8.11 | 19.26 | 46.66 | 18.76 | 27.53 | 33.06 | 4.43 | -11.18 | 30.77 | 5.52 | 24.26 | 3.63 | 17.85 | 13.55 | 14.38 | 14.67 | 0.59 | 9.26 | 35.22 | 3.1 | 23.93 | -2.88 | 89.50 | 26.13 | 10.50 | -63.85 | 0.19 | -9.48 | 24.02 | -2.32 |
| 2022 (9) | 6.80 | -4.36 | 39.29 | -6.7 | 20.69 | -20.48 | 4.98 | 29.6 | 29.16 | 9.17 | 23.41 | 10.48 | 15.72 | -9.24 | 12.54 | -8.6 | 0.54 | -16.92 | 34.16 | 11.74 | 24.64 | -6.03 | 70.96 | -27.14 | 29.04 | 1014.61 | 0.21 | 2.16 | 24.59 | 12.44 |
| 2021 (8) | 7.11 | -1.25 | 42.11 | -12.33 | 26.02 | -13.32 | 3.85 | -2.04 | 26.71 | -8.62 | 21.19 | -9.98 | 17.32 | -21.45 | 13.72 | -18.62 | 0.65 | -9.72 | 30.57 | -7.87 | 26.22 | -0.42 | 97.39 | -5.1 | 2.61 | 0 | 0.20 | -10.74 | 21.87 | -2.5 |
| 2020 (7) | 7.20 | 34.83 | 48.03 | 8.37 | 30.02 | 21.69 | 3.93 | -17.21 | 29.23 | 14.0 | 23.54 | 17.88 | 22.05 | -4.13 | 16.86 | 0.54 | 0.72 | -14.29 | 33.18 | 8.75 | 26.33 | -31.66 | 102.63 | 6.62 | -2.63 | 0 | 0.23 | -34.79 | 22.43 | -3.44 |
| 2019 (6) | 5.34 | 48.33 | 44.32 | 12.15 | 24.67 | 31.71 | 4.74 | -11.24 | 25.64 | 21.92 | 19.97 | 20.08 | 23.00 | 32.64 | 16.77 | 31.12 | 0.84 | 10.53 | 30.51 | 14.92 | 38.53 | 4.87 | 96.26 | 8.12 | 3.74 | -65.91 | 0.35 | -17.03 | 23.23 | -11.67 |
| 2018 (5) | 3.60 | 22.87 | 39.52 | -3.09 | 18.73 | -7.96 | 5.34 | -8.23 | 21.03 | 8.18 | 16.63 | 7.99 | 17.34 | 15.29 | 12.79 | 14.5 | 0.76 | 5.56 | 26.55 | 4.53 | 36.74 | 2.48 | 89.04 | -14.88 | 10.96 | 0 | 0.42 | 0 | 26.30 | 3.75 |
| 2017 (4) | 2.93 | 26.84 | 40.78 | 10.69 | 20.35 | 38.81 | 5.82 | -18.82 | 19.44 | 14.42 | 15.40 | 19.1 | 15.04 | 17.59 | 11.17 | 16.84 | 0.72 | -2.7 | 25.40 | 4.74 | 35.85 | 4.46 | 104.61 | 21.15 | -4.61 | 0 | 0.00 | 0 | 25.35 | -4.7 |
| 2016 (3) | 2.31 | 108.11 | 36.84 | 23.05 | 14.66 | 181.38 | 7.17 | -17.06 | 16.99 | 90.9 | 12.93 | 74.02 | 12.79 | 97.68 | 9.56 | 93.13 | 0.74 | 13.85 | 24.25 | 36.47 | 34.32 | 0.59 | 86.35 | 47.45 | 13.65 | -67.05 | 0.00 | 0 | 26.60 | -6.76 |
| 2015 (2) | 1.11 | -27.45 | 29.94 | -7.42 | 5.21 | -42.43 | 8.65 | 5.82 | 8.90 | -24.26 | 7.43 | -25.55 | 6.47 | -29.13 | 4.95 | -25.23 | 0.65 | 1.56 | 17.77 | -13.19 | 34.12 | 5.96 | 58.56 | -23.77 | 41.44 | 78.79 | 0.00 | 0 | 28.53 | 9.73 |
| 2014 (1) | 1.53 | 34.21 | 32.34 | 0 | 9.05 | 0 | 8.17 | 24.8 | 11.75 | 0 | 9.98 | 0 | 9.13 | 0 | 6.62 | 0 | 0.64 | -7.25 | 20.47 | 35.74 | 32.20 | -39.23 | 76.82 | 1.87 | 23.18 | -5.74 | 0.00 | 0 | 26.00 | 15.5 |
