- 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) | 4.36 | 0.69 | 22.82 | 53.37 | 1.62 | 0.41 | 35.20 | 9.42 | 3.9 | 34.53 | -10.54 | -4.74 | 29.19 | -12.97 | -4.92 | 8.83 | -1.34 | -1.01 | 4.65 | 1.75 | -5.87 | 0.16 | 23.08 | 0.0 | 39.43 | -11.59 | -6.63 | 74.37 | -36.38 | 6.26 | 102.24 | 22.93 | 9.32 | -1.92 | -111.62 | -129.59 | 17.41 | -18.15 | -8.94 |
| 24Q2 (19) | 4.33 | 41.5 | 27.35 | 52.52 | -1.2 | 3.22 | 32.17 | 5.68 | 11.08 | 38.60 | 5.03 | 0.42 | 33.54 | 8.93 | -0.36 | 8.95 | 38.98 | 6.8 | 4.57 | 22.52 | -4.79 | 0.13 | 8.33 | -7.14 | 44.60 | 1.25 | -1.17 | 116.89 | 36.52 | 20.0 | 83.16 | 0.36 | 10.09 | 16.50 | -3.69 | -32.53 | 21.27 | -4.66 | 6.67 |
| 24Q1 (18) | 3.06 | -9.73 | 126.67 | 53.16 | 1.01 | 13.42 | 30.44 | -8.62 | 28.71 | 36.75 | 8.09 | 58.75 | 30.79 | 5.73 | 66.25 | 6.44 | -17.54 | 107.07 | 3.73 | -20.3 | 87.44 | 0.12 | -25.0 | 20.0 | 44.05 | 10.85 | 33.4 | 85.62 | 25.45 | 45.49 | 82.87 | -15.68 | -18.75 | 17.13 | 698.24 | 956.48 | 22.31 | 15.72 | -11.78 |
| 23Q4 (17) | 3.39 | -4.51 | 100.59 | 52.63 | -0.98 | 12.99 | 33.31 | -1.68 | 43.33 | 34.00 | -6.21 | 52.74 | 29.12 | -5.15 | 53.75 | 7.81 | -12.44 | 95.25 | 4.68 | -5.26 | 87.2 | 0.16 | 0.0 | 23.08 | 39.74 | -5.9 | 28.53 | 68.25 | -2.49 | 8.71 | 98.28 | 5.09 | -5.74 | 2.15 | -66.87 | 150.21 | 19.28 | 0.84 | -14.12 |
| 23Q3 (16) | 3.55 | 4.41 | 16.01 | 53.15 | 4.46 | 11.57 | 33.88 | 16.99 | 21.04 | 36.25 | -5.7 | 4.86 | 30.70 | -8.79 | 9.25 | 8.92 | 6.44 | 15.99 | 4.94 | 2.92 | 15.69 | 0.16 | 14.29 | 6.67 | 42.23 | -6.43 | 1.71 | 69.99 | -28.15 | 9.24 | 93.52 | 23.8 | 15.34 | 6.48 | -73.51 | -65.76 | 19.12 | -4.11 | -4.97 |
| 23Q2 (15) | 3.40 | 151.85 | 67.49 | 50.88 | 8.56 | 14.49 | 28.96 | 22.45 | 36.15 | 38.44 | 66.05 | 43.22 | 33.66 | 81.75 | 47.7 | 8.38 | 169.45 | 76.05 | 4.80 | 141.21 | 78.44 | 0.14 | 40.0 | 16.67 | 45.13 | 36.67 | 26.7 | 97.41 | 65.52 | -4.66 | 75.55 | -25.94 | -4.89 | 24.45 | 1322.71 | 18.9 | 19.94 | -21.15 | -13.72 |
| 23Q1 (14) | 1.35 | -20.12 | -48.86 | 46.87 | 0.62 | 0.6 | 23.65 | 1.76 | -10.89 | 23.15 | 4.0 | -23.7 | 18.52 | -2.22 | -25.95 | 3.11 | -22.25 | -46.93 | 1.99 | -20.4 | -45.33 | 0.10 | -23.08 | -28.57 | 33.02 | 6.79 | -12.41 | 58.85 | -6.26 | -6.84 | 102.00 | -2.18 | 16.93 | -2.00 | 53.2 | -115.67 | 25.29 | 12.65 | 18.34 |
| 22Q4 (13) | 1.69 | -44.77 | -42.32 | 46.58 | -2.23 | -1.61 | 23.24 | -16.97 | -18.6 | 22.26 | -35.61 | -24.8 | 18.94 | -32.6 | -22.95 | 4.00 | -47.98 | -43.18 | 2.50 | -41.45 | -41.86 | 0.13 | -13.33 | -23.53 | 30.92 | -25.53 | -14.25 | 62.78 | -2.01 | -0.98 | 104.27 | 28.6 | 8.0 | -4.27 | -122.59 | -223.93 | 22.45 | 11.58 | 7.88 |
| 22Q3 (12) | 3.06 | 50.74 | 12.92 | 47.64 | 7.2 | 3.23 | 27.99 | 31.59 | 9.29 | 34.57 | 28.8 | 21.85 | 28.10 | 23.3 | 22.44 | 7.69 | 61.55 | 18.31 | 4.27 | 58.74 | 1.91 | 0.15 | 25.0 | -16.67 | 41.52 | 16.56 | 19.62 | 64.07 | -37.29 | -5.32 | 81.08 | 2.08 | -10.07 | 18.92 | -8.01 | 92.18 | 20.12 | -12.94 | 1.82 |
| 22Q2 (11) | 2.03 | -23.11 | -41.67 | 44.44 | -4.61 | -5.55 | 21.27 | -19.86 | -27.8 | 26.84 | -11.54 | -13.64 | 22.79 | -8.88 | -15.09 | 4.76 | -18.77 | -42.3 | 2.69 | -26.1 | -51.44 | 0.12 | -14.29 | -40.0 | 35.62 | -5.52 | -3.91 | 102.17 | 61.74 | 120.91 | 79.43 | -8.94 | -16.09 | 20.57 | 61.11 | 285.64 | 23.11 | 8.14 | 26.98 |
| 22Q1 (10) | 2.64 | -9.9 | 22.79 | 46.59 | -1.58 | 0.84 | 26.54 | -7.04 | 8.59 | 30.34 | 2.5 | 7.82 | 25.01 | 1.75 | 6.61 | 5.86 | -16.76 | 4.46 | 3.64 | -15.35 | -0.82 | 0.14 | -17.65 | -6.67 | 37.70 | 4.55 | 2.86 | 63.17 | -0.36 | 16.1 | 87.23 | -9.65 | 0.65 | 12.77 | 270.21 | -4.26 | 21.37 | 2.69 | -4.73 |
| 21Q4 (9) | 2.93 | 8.12 | 78.66 | 47.34 | 2.58 | 0.98 | 28.55 | 11.48 | 12.14 | 29.60 | 4.34 | 8.03 | 24.58 | 7.1 | 12.75 | 7.04 | 8.31 | 30.86 | 4.30 | 2.63 | 22.16 | 0.17 | -5.56 | 6.25 | 36.06 | 3.89 | 1.58 | 63.40 | -6.31 | 14.05 | 96.55 | 7.09 | 4.3 | 3.45 | -64.97 | -48.97 | 20.81 | 5.31 | -3.12 |
| 21Q3 (8) | 2.71 | -22.13 | 36.18 | 46.15 | -1.91 | -7.03 | 25.61 | -13.07 | -12.74 | 28.37 | -8.72 | 5.23 | 22.95 | -14.49 | -6.21 | 6.50 | -21.21 | -10.34 | 4.19 | -24.37 | -4.34 | 0.18 | -10.0 | 0.0 | 34.71 | -6.37 | 1.37 | 67.67 | 46.31 | 24.99 | 90.16 | -4.77 | -17.14 | 9.84 | 84.59 | 211.81 | 19.76 | 8.57 | 0.56 |
| 21Q2 (7) | 3.48 | 61.86 | 20.83 | 47.05 | 1.84 | -11.23 | 29.46 | 20.54 | -17.18 | 31.08 | 10.45 | -14.33 | 26.84 | 14.41 | -10.53 | 8.25 | 47.06 | -21.2 | 5.54 | 50.95 | -13.3 | 0.20 | 33.33 | -4.76 | 37.07 | 1.15 | -12.88 | 46.25 | -15.0 | -44.18 | 94.67 | 9.23 | -3.41 | 5.33 | -60.0 | 167.73 | 18.20 | -18.86 | 0 |
| 21Q1 (6) | 2.15 | 31.1 | 194.52 | 46.20 | -1.45 | 11.27 | 24.44 | -4.01 | 60.58 | 28.14 | 2.7 | 50.64 | 23.46 | 7.61 | 50.1 | 5.61 | 4.28 | 104.74 | 3.67 | 4.26 | 117.16 | 0.15 | -6.25 | 50.0 | 36.65 | 3.24 | 9.6 | 54.41 | -2.12 | 10.14 | 86.67 | -6.37 | 6.12 | 13.33 | 97.33 | -27.27 | 22.43 | 4.42 | -11.97 |
| 20Q4 (5) | 1.64 | -17.59 | -17.59 | 46.88 | -5.56 | -2.76 | 25.46 | -13.25 | -10.76 | 27.40 | 1.63 | -1.01 | 21.80 | -10.91 | -3.45 | 5.38 | -25.79 | -36.03 | 3.52 | -19.63 | -13.94 | 0.16 | -11.11 | -11.11 | 35.50 | 3.68 | -2.58 | 55.59 | 2.68 | -44.53 | 92.57 | -14.92 | -10.29 | 6.76 | 176.74 | 312.16 | 21.48 | 9.31 | 5.86 |
| 20Q3 (4) | 1.99 | -30.9 | 0.0 | 49.64 | -6.34 | 0.0 | 29.35 | -17.49 | 0.0 | 26.96 | -25.69 | 0.0 | 24.47 | -18.43 | 0.0 | 7.25 | -30.75 | 0.0 | 4.38 | -31.46 | 0.0 | 0.18 | -14.29 | 0.0 | 34.24 | -19.53 | 0.0 | 54.14 | -34.65 | 0.0 | 108.81 | 11.02 | 0.0 | -8.81 | -542.01 | 0.0 | 19.65 | 0 | 0.0 |
| 20Q2 (3) | 2.88 | 294.52 | 0.0 | 53.00 | 27.65 | 0.0 | 35.57 | 133.71 | 0.0 | 36.28 | 94.22 | 0.0 | 30.00 | 91.94 | 0.0 | 10.47 | 282.12 | 0.0 | 6.39 | 278.11 | 0.0 | 0.21 | 110.0 | 0.0 | 42.55 | 27.24 | 0.0 | 82.85 | 67.71 | 0.0 | 98.01 | 20.01 | 0.0 | 1.99 | -89.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.73 | -63.32 | 0.0 | 41.52 | -13.88 | 0.0 | 15.22 | -46.65 | 0.0 | 18.68 | -32.51 | 0.0 | 15.63 | -30.78 | 0.0 | 2.74 | -67.42 | 0.0 | 1.69 | -58.68 | 0.0 | 0.10 | -44.44 | 0.0 | 33.44 | -8.23 | 0.0 | 49.40 | -50.71 | 0.0 | 81.67 | -20.85 | 0.0 | 18.33 | 675.67 | 0.0 | 25.48 | 25.58 | 0.0 |
| 19Q4 (1) | 1.99 | 0.0 | 0.0 | 48.21 | 0.0 | 0.0 | 28.53 | 0.0 | 0.0 | 27.68 | 0.0 | 0.0 | 22.58 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 4.09 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 36.44 | 0.0 | 0.0 | 100.22 | 0.0 | 0.0 | 103.18 | 0.0 | 0.0 | -3.18 | 0.0 | 0.0 | 20.29 | 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) | 11.68 | 24.12 | 51.31 | 10.61 | 30.66 | 22.64 | 6.10 | -15.68 | 33.80 | 17.0 | 28.80 | 20.05 | 26.91 | 21.76 | 16.49 | 19.75 | 0.56 | 0.0 | 40.58 | 10.42 | 68.25 | 8.71 | 90.73 | 4.88 | 9.27 | -31.29 | 0.30 | -6.72 | 20.48 | -5.45 |
| 2022 (9) | 9.41 | -15.91 | 46.39 | -0.71 | 25.00 | -8.12 | 7.23 | 14.1 | 28.89 | -1.7 | 23.99 | -2.28 | 22.10 | -18.3 | 13.77 | -19.52 | 0.56 | -18.84 | 36.75 | 1.66 | 62.78 | -0.98 | 86.51 | -6.58 | 13.49 | 82.28 | 0.32 | -7.48 | 21.66 | 7.49 |
| 2021 (8) | 11.19 | 54.34 | 46.72 | -4.28 | 27.21 | -3.68 | 6.34 | -17.25 | 29.39 | 1.94 | 24.55 | 1.24 | 27.05 | 0.6 | 17.11 | 9.05 | 0.69 | 7.81 | 36.15 | -2.48 | 63.40 | 14.05 | 92.60 | -5.57 | 7.40 | 280.62 | 0.34 | -33.03 | 20.15 | -0.89 |
| 2020 (7) | 7.25 | 18.27 | 48.81 | 8.66 | 28.25 | 29.05 | 7.66 | -9.76 | 28.83 | 22.47 | 24.25 | 21.74 | 26.89 | 5.7 | 15.69 | 11.99 | 0.64 | -7.25 | 37.07 | 13.43 | 55.59 | -44.53 | 98.06 | 5.53 | 1.94 | -72.54 | 0.51 | 82.87 | 20.33 | -9.2 |
| 2019 (6) | 6.13 | 17.21 | 44.92 | 11.71 | 21.89 | 17.31 | 8.48 | 0.53 | 23.54 | 10.15 | 19.92 | 14.02 | 25.44 | 8.9 | 14.01 | 1.45 | 0.69 | -10.39 | 32.68 | 7.93 | 100.22 | 41.87 | 92.92 | 6.41 | 7.08 | -44.15 | 0.28 | 2.16 | 22.39 | -5.53 |
| 2018 (5) | 5.23 | 70.92 | 40.21 | -2.59 | 18.66 | -7.76 | 8.44 | -10.89 | 21.37 | 19.65 | 17.47 | 63.73 | 23.36 | 72.02 | 13.81 | 58.55 | 0.77 | 0.0 | 30.28 | 7.19 | 70.64 | -5.59 | 87.32 | -22.74 | 12.68 | 0 | 0.27 | 0 | 23.70 | 4.08 |
| 2017 (4) | 3.06 | -48.48 | 41.28 | 4.98 | 20.23 | 6.81 | 9.47 | -8.1 | 17.86 | -16.5 | 10.67 | -46.78 | 13.58 | -49.98 | 8.71 | -51.42 | 0.77 | -13.48 | 28.25 | -11.44 | 74.82 | 31.98 | 113.02 | 27.53 | -13.31 | 0 | 0.00 | 0 | 22.77 | -4.65 |
| 2016 (3) | 5.94 | 318.31 | 39.32 | 49.9 | 18.94 | 319.96 | 10.31 | -11.71 | 21.39 | 223.6 | 20.05 | 272.68 | 27.15 | 282.39 | 17.93 | 270.45 | 0.89 | 0.0 | 31.90 | 71.69 | 56.69 | 22.33 | 88.62 | 29.52 | 11.38 | -63.96 | 0.00 | 0 | 23.88 | -10.56 |
| 2015 (2) | 1.42 | 10.08 | 26.23 | -7.71 | 4.51 | -8.15 | 11.67 | 10.43 | 6.61 | 23.32 | 5.38 | 16.96 | 7.10 | 9.74 | 4.84 | 12.82 | 0.89 | 0.0 | 18.58 | 10.27 | 46.34 | -6.67 | 68.42 | -25.88 | 31.58 | 259.21 | 0.00 | 0 | 26.70 | -9.18 |
| 2014 (1) | 1.29 | 1742.86 | 28.42 | 0 | 4.91 | 0 | 10.57 | 10.5 | 5.36 | 0 | 4.60 | 0 | 6.47 | 0 | 4.29 | 0 | 0.89 | 7.23 | 16.85 | 32.99 | 49.65 | -25.68 | 92.31 | 13.61 | 8.79 | -43.74 | 0.00 | 0 | 29.40 | 7.53 |
