- 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) | 7.71 | 13.88 | 0.92 | 35.79 | 17.15 | 12.12 | 18.01 | 17.48 | 11.31 | 18.21 | 10.9 | 3.76 | 15.63 | 15.78 | 4.06 | 10.42 | 13.51 | -13.81 | 4.94 | 14.62 | -7.14 | 0.32 | 0.0 | -8.57 | 20.62 | 10.03 | 3.93 | 109.14 | -3.25 | -3.79 | 98.92 | 5.93 | 7.27 | 1.08 | -83.69 | -86.27 | 13.62 | 5.26 | 4.85 |
| 24Q2 (19) | 6.77 | 37.04 | 8.15 | 30.55 | 2.93 | 4.84 | 15.33 | 23.63 | 7.73 | 16.42 | 20.56 | 4.79 | 13.50 | 15.88 | 6.05 | 9.18 | 38.88 | -7.27 | 4.31 | 40.39 | 2.86 | 0.32 | 23.08 | -3.03 | 18.74 | 14.76 | 4.17 | 112.81 | -0.76 | -21.29 | 93.38 | 2.65 | 2.74 | 6.62 | -25.66 | -28.1 | 12.94 | -3.5 | 6.77 |
| 24Q1 (18) | 4.94 | -6.97 | -29.12 | 29.68 | 4.18 | -6.99 | 12.40 | -5.27 | -26.58 | 13.62 | 2.64 | -18.39 | 11.65 | 3.28 | -18.59 | 6.61 | -13.37 | -39.63 | 3.07 | -13.28 | -31.17 | 0.26 | -16.13 | -16.13 | 16.33 | 3.42 | -14.23 | 113.67 | -3.4 | -12.78 | 90.97 | -7.82 | -10.1 | 8.90 | 578.26 | 846.5 | 13.41 | 9.92 | 8.41 |
| 23Q4 (17) | 5.31 | -30.5 | -47.16 | 28.49 | -10.75 | -14.7 | 13.09 | -19.1 | -28.9 | 13.27 | -24.39 | -31.95 | 11.28 | -24.9 | -32.29 | 7.63 | -36.89 | -58.12 | 3.54 | -33.46 | -48.62 | 0.31 | -11.43 | -24.39 | 15.79 | -20.41 | -26.59 | 117.67 | 3.73 | -27.73 | 98.69 | 7.02 | 4.52 | 1.31 | -83.31 | -76.49 | 12.20 | -6.08 | -4.76 |
| 23Q3 (16) | 7.64 | 22.04 | -3.29 | 31.92 | 9.54 | -8.49 | 16.18 | 13.7 | -14.44 | 17.55 | 12.0 | -13.5 | 15.02 | 17.99 | -13.97 | 12.09 | 22.12 | -29.38 | 5.32 | 26.97 | -15.82 | 0.35 | 6.06 | -2.78 | 19.84 | 10.28 | -13.96 | 113.44 | -20.85 | -32.03 | 92.22 | 1.46 | -1.02 | 7.87 | -14.55 | 16.57 | 12.99 | 7.18 | 2.53 |
| 23Q2 (15) | 6.26 | -10.19 | 10.41 | 29.14 | -8.68 | -17.17 | 14.23 | -15.75 | -7.9 | 15.67 | -6.11 | -5.89 | 12.73 | -11.04 | -9.91 | 9.90 | -9.59 | -25.34 | 4.19 | -6.05 | -17.03 | 0.33 | 6.45 | -8.33 | 17.99 | -5.51 | -8.91 | 143.33 | 9.97 | -18.55 | 90.89 | -10.18 | -2.0 | 9.21 | 871.84 | 26.89 | 12.12 | -2.02 | -24.81 |
| 23Q1 (14) | 6.97 | -30.65 | 71.25 | 31.91 | -4.46 | -11.51 | 16.89 | -8.26 | 20.47 | 16.69 | -14.41 | 17.21 | 14.31 | -14.11 | 18.46 | 10.95 | -39.9 | 11.39 | 4.46 | -35.27 | 20.22 | 0.31 | -24.39 | 0.0 | 19.04 | -11.48 | 7.33 | 130.33 | -19.96 | -13.4 | 101.19 | 7.18 | 2.79 | -1.19 | -121.36 | -176.69 | 12.37 | -3.43 | -32.14 |
| 22Q4 (13) | 10.05 | 27.22 | 161.72 | 33.40 | -4.24 | 1.52 | 18.41 | -2.64 | 50.53 | 19.50 | -3.89 | 57.77 | 16.66 | -4.58 | 58.82 | 18.22 | 6.43 | 77.07 | 6.89 | 9.02 | 84.22 | 0.41 | 13.89 | 13.89 | 21.51 | -6.72 | 36.14 | 162.83 | -2.43 | -10.68 | 94.42 | 1.34 | -4.64 | 5.58 | -17.25 | 464.89 | 12.81 | 1.1 | -20.39 |
| 22Q3 (12) | 7.90 | 39.33 | 153.21 | 34.88 | -0.85 | -12.01 | 18.91 | 22.39 | 39.45 | 20.29 | 21.86 | 47.99 | 17.46 | 23.57 | 49.87 | 17.12 | 29.11 | 86.09 | 6.32 | 25.15 | 85.34 | 0.36 | 0.0 | 24.14 | 23.06 | 16.76 | 24.85 | 166.89 | -5.16 | -0.44 | 93.17 | 0.46 | -5.87 | 6.75 | -6.98 | 562.65 | 12.67 | -21.4 | -34.62 |
| 22Q2 (11) | 5.67 | 39.31 | 245.73 | 35.18 | -2.44 | 10.52 | 15.45 | 10.2 | 118.53 | 16.65 | 16.92 | 99.88 | 14.13 | 16.97 | 112.16 | 13.26 | 34.89 | 175.1 | 5.05 | 36.12 | 155.05 | 0.36 | 16.13 | 20.0 | 19.75 | 11.33 | 47.17 | 175.97 | 16.93 | 1.33 | 92.75 | -5.79 | 9.46 | 7.25 | 366.46 | -52.5 | 16.12 | -11.57 | -7.62 |
| 22Q1 (10) | 4.07 | 5.99 | 76.96 | 36.06 | 9.6 | 4.52 | 14.02 | 14.64 | 31.27 | 14.24 | 15.21 | 28.17 | 12.08 | 15.16 | 29.89 | 9.83 | -4.47 | 48.04 | 3.71 | -0.8 | 21.64 | 0.31 | -13.89 | -6.06 | 17.74 | 12.28 | 9.44 | 150.49 | -17.44 | 26.63 | 98.44 | -0.57 | 2.34 | 1.56 | 57.34 | -59.12 | 18.23 | 13.3 | 5.56 |
| 21Q4 (9) | 3.84 | 23.08 | -15.42 | 32.90 | -17.0 | -21.74 | 12.23 | -9.81 | -31.52 | 12.36 | -9.85 | -29.69 | 10.49 | -9.96 | -31.97 | 10.29 | 11.85 | -29.23 | 3.74 | 9.68 | -44.76 | 0.36 | 24.14 | -18.18 | 15.80 | -14.46 | -28.05 | 182.29 | 8.75 | 55.54 | 99.01 | 0.03 | -2.39 | 0.99 | -2.93 | 162.36 | 16.09 | -16.98 | -10.01 |
| 21Q3 (8) | 3.12 | 90.24 | 294.94 | 39.64 | 24.54 | 59.9 | 13.56 | 91.8 | 278.77 | 13.71 | 64.59 | 291.71 | 11.65 | 74.92 | 285.76 | 9.20 | 90.87 | 230.94 | 3.41 | 72.22 | 168.5 | 0.29 | -3.33 | -30.95 | 18.47 | 37.63 | 121.73 | 167.63 | -3.47 | 49.62 | 98.98 | 16.82 | -3.38 | 1.02 | -93.33 | 141.75 | 19.38 | 11.06 | 36.96 |
| 21Q2 (7) | 1.64 | -28.7 | 507.41 | 31.83 | -7.74 | 20.43 | 7.07 | -33.8 | 244.88 | 8.33 | -25.02 | 345.45 | 6.66 | -28.39 | 428.57 | 4.82 | -27.41 | 435.56 | 1.98 | -35.08 | 350.0 | 0.30 | -9.09 | -14.29 | 13.42 | -17.21 | 74.51 | 173.66 | 46.13 | 32.58 | 84.73 | -11.92 | -22.33 | 15.27 | 301.45 | 268.0 | 17.45 | 1.04 | 7.58 |
| 21Q1 (6) | 2.30 | -49.34 | 210.81 | 34.50 | -17.94 | 43.03 | 10.68 | -40.2 | 360.34 | 11.11 | -36.8 | 171.64 | 9.30 | -39.69 | 198.08 | 6.64 | -54.33 | 193.81 | 3.05 | -54.95 | 152.07 | 0.33 | -25.0 | -13.16 | 16.21 | -26.18 | 72.45 | 118.84 | 1.4 | 39.4 | 96.20 | -5.17 | 68.99 | 3.80 | 340.02 | -91.17 | 17.27 | -3.41 | 16.93 |
| 20Q4 (5) | 4.54 | 474.68 | 121.46 | 42.04 | 69.58 | 28.17 | 17.86 | 398.88 | 71.73 | 17.58 | 402.29 | 70.68 | 15.42 | 410.6 | 84.67 | 14.54 | 423.02 | 120.97 | 6.77 | 433.07 | 99.12 | 0.44 | 4.76 | 7.32 | 21.96 | 163.63 | 47.18 | 117.20 | 4.61 | 25.5 | 101.44 | -0.97 | 0.55 | -1.59 | 35.01 | -79.63 | 17.88 | 26.36 | 17.4 |
| 20Q3 (4) | 0.79 | 192.59 | 0.0 | 24.79 | -6.21 | 0.0 | 3.58 | 74.63 | 0.0 | 3.50 | 87.17 | 0.0 | 3.02 | 139.68 | 0.0 | 2.78 | 208.89 | 0.0 | 1.27 | 188.64 | 0.0 | 0.42 | 20.0 | 0.0 | 8.33 | 8.32 | 0.0 | 112.04 | -14.47 | 0.0 | 102.44 | -6.1 | 0.0 | -2.44 | 73.17 | 0.0 | 14.15 | -12.76 | 0.0 |
| 20Q2 (3) | 0.27 | -63.51 | 0.0 | 26.43 | 9.58 | 0.0 | 2.05 | -11.64 | 0.0 | 1.87 | -54.28 | 0.0 | 1.26 | -59.62 | 0.0 | 0.90 | -60.18 | 0.0 | 0.44 | -63.64 | 0.0 | 0.35 | -7.89 | 0.0 | 7.69 | -18.19 | 0.0 | 130.99 | 53.65 | 0.0 | 109.09 | 91.65 | 0.0 | -9.09 | -121.1 | 0.0 | 16.22 | 9.82 | 0.0 |
| 20Q1 (2) | 0.74 | -63.9 | 0.0 | 24.12 | -26.46 | 0.0 | 2.32 | -77.69 | 0.0 | 4.09 | -60.29 | 0.0 | 3.12 | -62.63 | 0.0 | 2.26 | -65.65 | 0.0 | 1.21 | -64.41 | 0.0 | 0.38 | -7.32 | 0.0 | 9.40 | -37.0 | 0.0 | 85.25 | -8.72 | 0.0 | 56.92 | -43.57 | 0.0 | 43.08 | 4982.05 | 0.0 | 14.77 | -3.02 | 0.0 |
| 19Q4 (1) | 2.05 | 0.0 | 0.0 | 32.80 | 0.0 | 0.0 | 10.40 | 0.0 | 0.0 | 10.30 | 0.0 | 0.0 | 8.35 | 0.0 | 0.0 | 6.58 | 0.0 | 0.0 | 3.40 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 14.92 | 0.0 | 0.0 | 93.39 | 0.0 | 0.0 | 100.88 | 0.0 | 0.0 | -0.88 | 0.0 | 0.0 | 15.23 | 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) | 26.18 | -5.45 | 30.39 | -12.34 | 15.12 | -11.32 | 1.02 | -23.08 | 15.84 | -12.34 | 13.37 | -13.35 | 39.54 | -29.0 | 16.62 | -19.36 | 1.24 | -6.77 | 18.20 | -12.5 | 117.67 | -27.73 | 95.52 | 1.26 | 4.50 | -20.51 | 2.79 | 9.09 | 12.43 | -14.45 |
| 2022 (9) | 27.69 | 154.04 | 34.67 | 0.14 | 17.05 | 53.88 | 1.32 | -45.99 | 18.07 | 56.72 | 15.43 | 59.73 | 55.69 | 85.94 | 20.61 | 73.19 | 1.33 | 8.13 | 20.80 | 30.0 | 162.83 | -10.68 | 94.34 | -1.89 | 5.66 | 47.12 | 2.55 | 19.3 | 14.53 | -16.64 |
| 2021 (8) | 10.90 | 71.92 | 34.62 | 15.4 | 11.08 | 56.06 | 2.45 | -10.43 | 11.53 | 56.23 | 9.66 | 54.31 | 29.95 | 55.02 | 11.90 | 26.19 | 1.23 | -18.0 | 16.00 | 29.03 | 182.29 | 55.54 | 96.15 | -0.06 | 3.85 | 1.48 | 2.14 | -53.02 | 17.43 | 10.11 |
| 2020 (7) | 6.34 | 34.04 | 30.00 | -8.98 | 7.10 | 9.06 | 2.73 | -15.12 | 7.38 | 0.96 | 6.26 | 5.92 | 19.32 | 32.33 | 9.43 | 21.99 | 1.50 | 15.38 | 12.40 | -4.1 | 117.20 | 25.5 | 96.21 | 8.08 | 3.79 | -65.47 | 4.56 | -7.77 | 15.83 | -13.12 |
| 2019 (6) | 4.73 | -35.82 | 32.96 | 10.46 | 6.51 | -20.12 | 3.22 | 131.86 | 7.31 | -13.39 | 5.91 | -19.48 | 14.60 | -37.85 | 7.73 | -35.85 | 1.30 | -20.73 | 12.93 | 12.34 | 93.39 | 8.92 | 89.02 | -7.82 | 10.98 | 219.65 | 4.94 | 39.08 | 18.22 | 19.08 |
| 2018 (5) | 7.37 | 15.52 | 29.84 | 14.64 | 8.15 | 6.54 | 1.39 | 87.73 | 8.44 | 3.81 | 7.34 | 4.41 | 23.49 | 6.05 | 12.05 | 4.42 | 1.64 | 0.0 | 11.51 | 12.4 | 85.74 | -18.32 | 96.56 | 2.58 | 3.44 | -41.41 | 3.55 | 0 | 15.30 | 13.92 |
| 2017 (4) | 6.38 | 55.23 | 26.03 | 1.21 | 7.65 | 14.18 | 0.74 | -11.86 | 8.13 | 19.21 | 7.03 | 18.55 | 22.15 | 44.68 | 11.54 | 24.76 | 1.64 | 5.13 | 10.24 | 9.17 | 104.97 | 35.64 | 94.14 | -4.2 | 5.86 | 238.01 | 0.00 | 0 | 13.43 | -5.36 |
| 2016 (3) | 4.11 | 11.38 | 25.72 | -9.02 | 6.70 | -7.59 | 0.84 | -10.73 | 6.82 | -9.07 | 5.93 | -6.91 | 15.31 | 7.82 | 9.25 | -3.34 | 1.56 | 4.0 | 9.38 | -9.81 | 77.39 | 45.66 | 98.26 | 1.76 | 1.74 | -49.51 | 0.00 | 0 | 14.19 | -9.33 |
| 2015 (2) | 3.69 | 12.84 | 28.27 | 4.24 | 7.25 | 6.15 | 0.94 | -6.6 | 7.50 | 1.49 | 6.37 | 0.95 | 14.20 | 10.42 | 9.57 | 3.24 | 1.50 | 2.04 | 10.40 | -2.16 | 53.13 | 21.8 | 96.56 | 4.49 | 3.44 | -54.71 | 0.00 | 0 | 15.65 | 4.96 |
| 2014 (1) | 3.27 | 51.39 | 27.12 | 0 | 6.83 | 0 | 1.01 | -12.4 | 7.39 | 0 | 6.31 | 0 | 12.86 | 0 | 9.27 | 0 | 1.47 | 12.21 | 10.63 | 14.42 | 43.62 | 28.98 | 92.41 | 1.45 | 7.59 | -14.82 | 0.00 | 0 | 14.91 | -2.68 |
