- 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) | 1.76 | -0.56 | 13.55 | 22.31 | 12.0 | 1.83 | 10.92 | -2.85 | -2.93 | 12.12 | -7.2 | -11.34 | 9.17 | 0.11 | -12.5 | 6.90 | -3.09 | 3.45 | 2.04 | 2.51 | 0.49 | 0.22 | 4.76 | 15.79 | 13.46 | -7.43 | -9.54 | 219.01 | -20.34 | 3.88 | 90.00 | 4.81 | 9.18 | 10.00 | -29.23 | -43.08 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.77 | 24.65 | 10.62 | 19.92 | 14.35 | -7.09 | 11.24 | 39.8 | -0.44 | 13.06 | 21.38 | -14.36 | 9.16 | 16.1 | -17.33 | 7.12 | 27.37 | -3.26 | 1.99 | 17.06 | 1.53 | 0.21 | 5.0 | 23.53 | 14.54 | 17.26 | -12.41 | 274.94 | 0.27 | 8.72 | 85.87 | 14.22 | 16.18 | 14.13 | -44.66 | -45.83 | 13.63 | -9.74 | -19.96 |
| 24Q1 (18) | 1.42 | -8.97 | 89.33 | 17.42 | -12.68 | -15.15 | 8.04 | -29.47 | 24.46 | 10.76 | -0.28 | 26.44 | 7.89 | -5.85 | 35.33 | 5.59 | -10.85 | 68.88 | 1.70 | -14.57 | 88.89 | 0.20 | -13.04 | 33.33 | 12.40 | 3.59 | 24.12 | 274.20 | 19.86 | -12.03 | 75.18 | -28.7 | -1.41 | 25.53 | 569.15 | 7.5 | 15.10 | -0.92 | -15.55 |
| 23Q4 (17) | 1.56 | 0.65 | 23.81 | 19.95 | -8.95 | -2.01 | 11.40 | 1.33 | -10.73 | 10.79 | -21.07 | 3.85 | 8.38 | -20.04 | 4.88 | 6.27 | -6.0 | 18.53 | 1.99 | -1.97 | 30.07 | 0.23 | 21.05 | 21.05 | 11.97 | -19.56 | 3.73 | 228.76 | 8.5 | -7.02 | 105.44 | 27.91 | -13.92 | -5.44 | -130.98 | 75.81 | 15.24 | -9.5 | -5.22 |
| 23Q3 (16) | 1.55 | -3.13 | -15.3 | 21.91 | 2.19 | 32.95 | 11.25 | -0.35 | 18.92 | 13.67 | -10.36 | 7.3 | 10.48 | -5.42 | 11.13 | 6.67 | -9.38 | -18.36 | 2.03 | 3.57 | -21.01 | 0.19 | 11.76 | -29.63 | 14.88 | -10.36 | 9.57 | 210.83 | -16.63 | -15.08 | 82.43 | 11.53 | 10.73 | 17.57 | -32.66 | -31.26 | 16.84 | -1.12 | 25.39 |
| 23Q2 (15) | 1.60 | 113.33 | 60.0 | 21.44 | 4.43 | 45.65 | 11.29 | 74.77 | 40.07 | 15.25 | 79.2 | 73.69 | 11.08 | 90.05 | 79.58 | 7.36 | 122.36 | 53.65 | 1.96 | 117.78 | 12.64 | 0.17 | 13.33 | -39.29 | 16.60 | 66.17 | 69.91 | 252.89 | -18.87 | 35.68 | 73.91 | -3.06 | -19.93 | 26.09 | 9.84 | 201.45 | 17.03 | -4.75 | 28.14 |
| 23Q1 (14) | 0.75 | -40.48 | -36.97 | 20.53 | 0.83 | 11.39 | 6.46 | -49.41 | -39.68 | 8.51 | -18.09 | -28.49 | 5.83 | -27.03 | -31.41 | 3.31 | -37.43 | -40.89 | 0.90 | -41.18 | -59.46 | 0.15 | -21.05 | -42.31 | 9.99 | -13.43 | -23.09 | 311.71 | 26.69 | 86.2 | 76.25 | -37.76 | -15.43 | 23.75 | 205.56 | 141.46 | 17.88 | 11.19 | 16.79 |
| 22Q4 (13) | 1.26 | -31.15 | 40.0 | 20.36 | 23.54 | 13.49 | 12.77 | 34.99 | 48.14 | 10.39 | -18.45 | 17.8 | 7.99 | -15.27 | 24.65 | 5.29 | -35.25 | 25.95 | 1.53 | -40.47 | -12.07 | 0.19 | -29.63 | -29.63 | 11.54 | -15.02 | 16.45 | 246.04 | -0.9 | 76.41 | 122.50 | 64.55 | 25.32 | -22.50 | -188.04 | -1101.25 | 16.08 | 19.73 | -12.51 |
| 22Q3 (12) | 1.83 | 83.0 | 69.44 | 16.48 | 11.96 | -18.78 | 9.46 | 17.37 | -9.73 | 12.74 | 45.1 | 15.5 | 9.43 | 52.84 | 7.4 | 8.17 | 70.56 | 51.58 | 2.57 | 47.7 | 14.22 | 0.27 | -3.57 | 3.85 | 13.58 | 39.0 | 11.13 | 248.28 | 33.2 | 72.97 | 74.44 | -19.35 | -21.55 | 25.56 | 195.31 | 400.89 | 13.43 | 1.05 | -21.6 |
| 22Q2 (11) | 1.00 | -15.97 | -16.67 | 14.72 | -20.13 | -35.8 | 8.06 | -24.74 | -41.89 | 8.78 | -26.22 | -36.42 | 6.17 | -27.41 | -40.44 | 4.79 | -14.46 | -23.97 | 1.74 | -21.62 | -35.56 | 0.28 | 7.69 | 7.69 | 9.77 | -24.79 | -34.91 | 186.39 | 11.34 | 37.37 | 92.31 | 2.38 | -8.49 | 8.65 | -12.02 | 0 | 13.29 | -13.19 | -21.22 |
| 22Q1 (10) | 1.19 | 32.22 | 58.67 | 18.43 | 2.73 | 3.31 | 10.71 | 24.25 | 6.99 | 11.90 | 34.92 | 14.75 | 8.50 | 32.61 | 13.48 | 5.60 | 33.33 | 45.83 | 2.22 | 27.59 | 26.86 | 0.26 | -3.7 | 13.04 | 12.99 | 31.08 | 10.27 | 167.41 | 20.03 | 26.7 | 90.16 | -7.76 | -6.03 | 9.84 | 337.7 | 142.62 | 15.31 | -16.7 | -18.95 |
| 21Q4 (9) | 0.90 | -16.67 | -12.62 | 17.94 | -11.58 | -2.39 | 8.62 | -17.75 | -33.02 | 8.82 | -20.04 | -34.62 | 6.41 | -26.99 | -32.88 | 4.20 | -22.08 | -19.23 | 1.74 | -22.67 | -29.84 | 0.27 | 3.85 | 3.85 | 9.91 | -18.9 | -32.81 | 139.47 | -2.84 | 28.6 | 97.75 | 3.01 | 1.66 | 2.25 | -55.96 | -53.26 | 18.38 | 7.3 | 3.78 |
| 21Q3 (8) | 1.08 | -10.0 | 35.0 | 20.29 | -11.51 | 9.91 | 10.48 | -24.44 | -3.59 | 11.03 | -20.13 | 2.8 | 8.78 | -15.25 | 10.86 | 5.39 | -14.44 | 26.82 | 2.25 | -16.67 | 14.8 | 0.26 | 0.0 | 4.0 | 12.22 | -18.59 | -1.85 | 143.54 | 5.79 | 29.46 | 94.90 | -5.93 | -6.3 | 5.10 | 0 | 497.96 | 17.13 | 1.54 | -8.59 |
| 21Q2 (7) | 1.20 | 60.0 | 71.43 | 22.93 | 28.53 | 16.1 | 13.87 | 38.56 | 45.24 | 13.81 | 33.17 | 44.15 | 10.36 | 38.32 | 50.58 | 6.30 | 64.06 | 64.92 | 2.70 | 54.29 | 56.98 | 0.26 | 13.04 | 4.0 | 15.01 | 27.42 | 36.58 | 135.68 | 2.69 | 8.29 | 100.88 | 5.14 | 2.34 | 0.00 | -100.0 | 0 | 16.87 | -10.69 | -2.54 |
| 21Q1 (6) | 0.75 | -27.18 | 78.57 | 17.84 | -2.94 | 4.76 | 10.01 | -22.22 | 77.8 | 10.37 | -23.13 | 64.86 | 7.49 | -21.57 | 53.8 | 3.84 | -26.15 | 70.67 | 1.75 | -29.44 | 65.09 | 0.23 | -11.54 | 4.55 | 11.78 | -20.14 | 47.07 | 132.13 | 21.83 | 9.03 | 95.95 | -0.22 | 6.91 | 4.05 | -15.68 | -60.47 | 18.89 | 6.66 | -1.77 |
| 20Q4 (5) | 1.03 | 28.75 | 19.77 | 18.38 | -0.43 | -11.55 | 12.87 | 18.4 | -15.05 | 13.49 | 25.72 | 0.45 | 9.55 | 20.58 | 2.8 | 5.20 | 22.35 | 13.04 | 2.48 | 26.53 | 14.81 | 0.26 | 4.0 | 13.04 | 14.75 | 18.47 | -1.93 | 108.45 | -2.19 | 2.11 | 96.15 | -5.06 | -15.05 | 4.81 | 475.0 | 136.46 | 17.71 | -5.5 | 13523.08 |
| 20Q3 (4) | 0.80 | 14.29 | 0.0 | 18.46 | -6.53 | 0.0 | 10.87 | 13.82 | 0.0 | 10.73 | 12.0 | 0.0 | 7.92 | 15.12 | 0.0 | 4.25 | 11.26 | 0.0 | 1.96 | 13.95 | 0.0 | 0.25 | 0.0 | 0.0 | 12.45 | 13.28 | 0.0 | 110.88 | -11.5 | 0.0 | 101.28 | 2.75 | 0.0 | -1.28 | 0 | 0.0 | 18.74 | 8.26 | 0.0 |
| 20Q2 (3) | 0.70 | 66.67 | 0.0 | 19.75 | 15.97 | 0.0 | 9.55 | 69.63 | 0.0 | 9.58 | 52.31 | 0.0 | 6.88 | 41.27 | 0.0 | 3.82 | 69.78 | 0.0 | 1.72 | 62.26 | 0.0 | 0.25 | 13.64 | 0.0 | 10.99 | 37.2 | 0.0 | 125.29 | 3.38 | 0.0 | 98.57 | 9.84 | 0.0 | 0.00 | -100.0 | 0.0 | 17.31 | -9.98 | 0.0 |
| 20Q1 (2) | 0.42 | -51.16 | 0.0 | 17.03 | -18.05 | 0.0 | 5.63 | -62.84 | 0.0 | 6.29 | -53.16 | 0.0 | 4.87 | -47.58 | 0.0 | 2.25 | -51.09 | 0.0 | 1.06 | -50.93 | 0.0 | 0.22 | -4.35 | 0.0 | 8.01 | -46.74 | 0.0 | 121.19 | 14.1 | 0.0 | 89.74 | -20.71 | 0.0 | 10.26 | 177.78 | 0.0 | 19.23 | 14692.31 | 0.0 |
| 19Q4 (1) | 0.86 | 0.0 | 0.0 | 20.78 | 0.0 | 0.0 | 15.15 | 0.0 | 0.0 | 13.43 | 0.0 | 0.0 | 9.29 | 0.0 | 0.0 | 4.60 | 0.0 | 0.0 | 2.16 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 15.04 | 0.0 | 0.0 | 106.21 | 0.0 | 0.0 | 113.19 | 0.0 | 0.0 | -13.19 | 0.0 | 0.0 | 0.13 | 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 | 3.41 | 20.90 | 20.11 | 10.29 | 1.08 | 1.10 | 14.66 | 12.07 | 9.63 | 8.99 | 11.4 | 21.85 | -3.91 | 6.58 | -14.88 | 0.72 | -24.21 | 13.34 | 11.07 | 228.76 | -7.02 | 85.26 | -7.72 | 14.74 | 93.82 | 0.18 | 0.5 | 16.62 | 15.1 |
| 2022 (9) | 5.28 | 34.35 | 17.40 | -11.76 | 10.18 | -4.41 | 0.96 | -17.4 | 11.01 | 0.92 | 8.07 | -1.47 | 22.74 | 24.13 | 7.73 | -5.39 | 0.95 | -4.04 | 12.01 | -0.66 | 246.04 | 76.41 | 92.40 | -5.58 | 7.60 | 216.01 | 0.18 | -37.62 | 14.44 | -18.88 |
| 2021 (8) | 3.93 | 33.67 | 19.72 | 6.83 | 10.65 | 7.25 | 1.17 | -20.97 | 10.91 | 6.86 | 8.19 | 10.23 | 18.32 | 23.7 | 8.17 | 13.95 | 0.99 | 3.13 | 12.09 | 3.42 | 139.47 | 28.6 | 97.86 | 0.63 | 2.41 | -12.47 | 0.29 | -20.85 | 17.80 | -2.2 |
| 2020 (7) | 2.94 | 12.64 | 18.46 | -7.84 | 9.93 | 9.12 | 1.47 | 1.53 | 10.21 | 6.24 | 7.43 | 7.37 | 14.81 | 10.19 | 7.17 | 12.91 | 0.96 | 5.49 | 11.69 | 4.56 | 108.45 | 2.11 | 97.25 | 3.09 | 2.75 | -47.96 | 0.36 | -5.58 | 18.20 | 32.85 |
| 2019 (6) | 2.61 | -26.69 | 20.03 | 13.61 | 9.10 | 12.21 | 1.45 | 50.08 | 9.61 | 3.44 | 6.92 | -1.0 | 13.44 | -27.23 | 6.35 | -23.03 | 0.91 | -22.22 | 11.18 | 8.33 | 106.21 | -12.66 | 94.34 | 8.08 | 5.28 | -58.46 | 0.38 | 11.08 | 13.70 | 27.56 |
| 2018 (5) | 3.56 | 28.52 | 17.63 | 14.33 | 8.11 | 5.6 | 0.97 | 9.81 | 9.29 | 31.77 | 6.99 | 17.48 | 18.47 | 22.72 | 8.25 | 29.31 | 1.17 | 11.43 | 10.32 | 28.2 | 121.60 | -6.3 | 87.28 | -19.74 | 12.72 | 0 | 0.34 | 0 | 10.74 | -12.18 |
| 2017 (4) | 2.77 | 8.2 | 15.42 | 0.26 | 7.68 | 14.46 | 0.88 | -3.58 | 7.05 | 3.52 | 5.95 | 4.57 | 15.05 | 2.31 | 6.38 | 6.87 | 1.05 | 3.96 | 8.05 | 1.26 | 129.77 | -13.62 | 108.75 | 10.23 | -8.75 | 0 | 0.00 | 0 | 12.23 | 5.7 |
| 2016 (3) | 2.56 | 156.0 | 15.38 | 14.18 | 6.71 | 96.77 | 0.91 | -21.17 | 6.81 | 86.58 | 5.69 | 94.2 | 14.71 | 141.15 | 5.97 | 115.52 | 1.01 | 9.78 | 7.95 | 62.91 | 150.23 | -5.98 | 98.65 | 5.62 | 1.35 | -79.6 | 0.00 | 0 | 11.57 | -13.79 |
| 2015 (2) | 1.00 | 56.25 | 13.47 | 1.2 | 3.41 | 18.82 | 1.16 | 5.57 | 3.65 | 12.65 | 2.93 | 22.08 | 6.10 | 50.99 | 2.77 | 18.88 | 0.92 | -2.13 | 4.88 | 9.66 | 159.79 | 73.61 | 93.41 | 5.29 | 6.59 | -41.6 | 0.00 | 0 | 13.42 | -6.42 |
| 2014 (1) | 0.64 | 3100.0 | 13.31 | 0 | 2.87 | 0 | 1.10 | -37.45 | 3.24 | 0 | 2.40 | 0 | 4.04 | 0 | 2.33 | 0 | 0.94 | 56.67 | 4.45 | 58.36 | 92.04 | 41.38 | 88.71 | -40.86 | 11.29 | 0 | 0.00 | 0 | 14.34 | -27.36 |
