- 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) | 1.24 | 138.46 | -72.51 | 19.33 | 11.99 | 26.42 | 5.44 | 107.63 | 33.99 | 4.96 | 57.46 | -24.73 | 3.68 | 73.58 | -36.66 | 2.24 | 103.64 | -56.5 | 1.05 | 98.11 | -47.5 | 0.27 | 12.5 | -20.59 | 8.27 | 21.08 | -2.25 | 129.25 | 8.49 | -23.12 | 109.52 | 31.1 | 77.82 | -9.52 | -157.88 | -124.8 | 19.84 | 4.15 | 2.11 |
| 24Q2 (19) | 0.52 | -50.48 | -89.78 | 17.26 | 34.32 | -1.37 | 2.62 | 258.9 | -61.86 | 3.15 | 1.61 | -60.53 | 2.12 | -15.87 | -67.48 | 1.10 | -25.17 | -81.42 | 0.53 | -22.06 | -76.65 | 0.24 | -4.0 | -31.43 | 6.83 | 7.22 | -29.73 | 119.13 | -0.14 | -22.43 | 83.54 | 250.09 | -2.97 | 16.46 | -78.7 | 18.41 | 19.05 | -6.48 | -4.18 |
| 24Q1 (18) | 1.05 | -50.93 | -79.57 | 12.85 | -19.64 | -21.07 | 0.73 | -82.37 | -90.14 | 3.10 | 26.02 | -60.76 | 2.52 | -19.75 | -62.16 | 1.47 | -39.51 | -77.93 | 0.68 | -32.0 | -70.56 | 0.25 | -16.67 | -26.47 | 6.37 | 30.8 | -32.73 | 119.30 | -19.24 | -30.8 | 23.86 | -85.77 | -74.56 | 77.27 | 214.07 | 1096.05 | 20.37 | 5.6 | 18.64 |
| 23Q4 (17) | 2.14 | -52.55 | -67.67 | 15.99 | 4.58 | -4.93 | 4.14 | 1.97 | -54.7 | 2.46 | -62.67 | -69.13 | 3.14 | -45.96 | -54.82 | 2.43 | -52.82 | -72.29 | 1.00 | -50.0 | -66.78 | 0.30 | -11.76 | -30.23 | 4.87 | -42.43 | -47.52 | 147.73 | -12.13 | -30.14 | 167.74 | 172.33 | 46.56 | -67.74 | -276.38 | -368.73 | 19.29 | -0.72 | 29.72 |
| 23Q3 (16) | 4.51 | -11.39 | -28.75 | 15.29 | -12.63 | -13.76 | 4.06 | -40.9 | -47.61 | 6.59 | -17.42 | -32.13 | 5.81 | -10.89 | -27.74 | 5.15 | -13.01 | -45.85 | 2.00 | -11.89 | -44.13 | 0.34 | -2.86 | -22.73 | 8.46 | -12.96 | -23.85 | 168.12 | 9.47 | -2.98 | 61.59 | -28.46 | -22.83 | 38.41 | 176.35 | 90.32 | 19.43 | -2.26 | 24.95 |
| 23Q2 (15) | 5.09 | -0.97 | 27.89 | 17.50 | 7.49 | -7.99 | 6.87 | -7.16 | -0.87 | 7.98 | 1.01 | -3.86 | 6.52 | -2.1 | -6.59 | 5.92 | -11.11 | -11.64 | 2.27 | -1.73 | -17.75 | 0.35 | 2.94 | -10.26 | 9.72 | 2.64 | -2.99 | 153.58 | -10.91 | -3.15 | 86.10 | -8.23 | 3.18 | 13.90 | 115.11 | -16.04 | 19.88 | 15.78 | 11.5 |
| 23Q1 (14) | 5.14 | -22.36 | 7.53 | 16.28 | -3.21 | -26.03 | 7.40 | -19.04 | -20.09 | 7.90 | -0.88 | -26.85 | 6.66 | -4.17 | -27.21 | 6.66 | -24.06 | -11.44 | 2.31 | -23.26 | -29.79 | 0.34 | -20.93 | -5.56 | 9.47 | 2.05 | -26.13 | 172.39 | -18.48 | 32.95 | 93.82 | -18.03 | 9.4 | 6.46 | 144.7 | -54.63 | 17.17 | 15.47 | -4.72 |
| 22Q4 (13) | 6.62 | 4.58 | 108.18 | 16.82 | -5.13 | -13.3 | 9.14 | 17.94 | 39.76 | 7.97 | -17.92 | -6.46 | 6.95 | -13.56 | -4.27 | 8.77 | -7.78 | 61.51 | 3.01 | -15.92 | 23.87 | 0.43 | -2.27 | 30.3 | 9.28 | -16.47 | -14.78 | 211.48 | 22.05 | 64.14 | 114.45 | 43.39 | 49.29 | -14.45 | -171.62 | -161.94 | 14.87 | -4.37 | -22.63 |
| 22Q3 (12) | 6.33 | 59.05 | 156.28 | 17.73 | -6.78 | -0.23 | 7.75 | 11.83 | 36.44 | 9.71 | 16.99 | 57.63 | 8.04 | 15.19 | 47.79 | 9.51 | 41.94 | 117.12 | 3.58 | 29.71 | 85.49 | 0.44 | 12.82 | 25.71 | 11.11 | 10.88 | 30.86 | 173.28 | 9.28 | 44.86 | 79.82 | -4.35 | -13.48 | 20.18 | 21.92 | 160.65 | 15.55 | -12.79 | -8.37 |
| 22Q2 (11) | 3.98 | -16.74 | 136.9 | 19.02 | -13.58 | 9.31 | 6.93 | -25.16 | 55.73 | 8.30 | -23.15 | 68.36 | 6.98 | -23.72 | 51.41 | 6.70 | -10.9 | 104.27 | 2.76 | -16.11 | 90.34 | 0.39 | 8.33 | 25.81 | 10.02 | -21.84 | 32.89 | 158.57 | 22.29 | 15.96 | 83.45 | -2.7 | -8.12 | 16.55 | 16.24 | 64.01 | 17.83 | -1.05 | -5.96 |
| 22Q1 (10) | 4.78 | 50.31 | 161.2 | 22.01 | 13.45 | 6.95 | 9.26 | 41.59 | 50.81 | 10.80 | 26.76 | 61.68 | 9.15 | 26.03 | 61.38 | 7.52 | 38.49 | 109.47 | 3.29 | 35.39 | 99.39 | 0.36 | 9.09 | 24.14 | 12.82 | 17.72 | 35.09 | 129.67 | 0.64 | 8.02 | 85.76 | 11.86 | -7.21 | 14.24 | -38.97 | 70.87 | 18.02 | -6.24 | -16.3 |
| 21Q4 (9) | 3.18 | 28.74 | 26.69 | 19.40 | 9.17 | -6.28 | 6.54 | 15.14 | -24.39 | 8.52 | 38.31 | 14.67 | 7.26 | 33.46 | 11.69 | 5.43 | 23.97 | 14.56 | 2.43 | 25.91 | 6.58 | 0.33 | -5.71 | -5.71 | 10.89 | 28.27 | 9.45 | 128.84 | 7.71 | 10.04 | 76.67 | -16.9 | -34.17 | 23.33 | 201.39 | 241.73 | 19.22 | 13.26 | 2.78 |
| 21Q3 (8) | 2.47 | 47.02 | 19.9 | 17.77 | 2.13 | -18.3 | 5.68 | 27.64 | -23.24 | 6.16 | 24.95 | -5.81 | 5.44 | 18.0 | -6.37 | 4.38 | 33.54 | 10.61 | 1.93 | 33.1 | 2.12 | 0.35 | 12.9 | 9.37 | 8.49 | 12.6 | -9.58 | 119.62 | -12.52 | 14.43 | 92.26 | 1.58 | -18.41 | 7.74 | -23.28 | 159.2 | 16.97 | -10.5 | -14.34 |
| 21Q2 (7) | 1.68 | -8.2 | 21.74 | 17.40 | -15.45 | -16.47 | 4.45 | -27.52 | -15.4 | 4.93 | -26.2 | -6.45 | 4.61 | -18.69 | 1.1 | 3.28 | -8.64 | 17.14 | 1.45 | -12.12 | 7.41 | 0.31 | 6.9 | 6.9 | 7.54 | -20.55 | -10.56 | 136.74 | 13.91 | 12.63 | 90.83 | -1.73 | -9.17 | 10.09 | 21.1 | 0 | 18.96 | -11.94 | -6.69 |
| 21Q1 (6) | 1.83 | -27.09 | 6.4 | 20.58 | -0.58 | -10.91 | 6.14 | -29.02 | -9.17 | 6.68 | -10.09 | -13.02 | 5.67 | -12.77 | -4.06 | 3.59 | -24.26 | 2.87 | 1.65 | -27.63 | -5.71 | 0.29 | -17.14 | 0.0 | 9.49 | -4.62 | -12.53 | 120.04 | 2.52 | 19.31 | 92.42 | -20.64 | 4.75 | 8.33 | 150.62 | -29.17 | 21.53 | 15.13 | 0 |
| 20Q4 (5) | 2.51 | 21.84 | 16.2 | 20.70 | -4.83 | -13.24 | 8.65 | 16.89 | 16.42 | 7.43 | 13.61 | 0.54 | 6.50 | 11.88 | 3.17 | 4.74 | 19.7 | 11.01 | 2.28 | 20.63 | 10.14 | 0.35 | 9.37 | 9.37 | 9.95 | 5.96 | -2.45 | 117.09 | 12.0 | 10.68 | 116.46 | 2.99 | 16.46 | -16.46 | -25.9 | -2303.66 | 18.70 | -5.6 | 4.82 |
| 20Q3 (4) | 2.06 | 49.28 | 0.0 | 21.75 | 4.42 | 0.0 | 7.40 | 40.68 | 0.0 | 6.54 | 24.1 | 0.0 | 5.81 | 27.41 | 0.0 | 3.96 | 41.43 | 0.0 | 1.89 | 40.0 | 0.0 | 0.32 | 10.34 | 0.0 | 9.39 | 11.39 | 0.0 | 104.54 | -13.9 | 0.0 | 113.08 | 13.08 | 0.0 | -13.08 | 0 | 0.0 | 19.81 | -2.51 | 0.0 |
| 20Q2 (3) | 1.38 | -19.77 | 0.0 | 20.83 | -9.83 | 0.0 | 5.26 | -22.19 | 0.0 | 5.27 | -31.38 | 0.0 | 4.56 | -22.84 | 0.0 | 2.80 | -19.77 | 0.0 | 1.35 | -22.86 | 0.0 | 0.29 | 0.0 | 0.0 | 8.43 | -22.3 | 0.0 | 121.41 | 20.67 | 0.0 | 100.00 | 13.33 | 0.0 | 0.00 | -100.0 | 0.0 | 20.32 | 0 | 0.0 |
| 20Q1 (2) | 1.72 | -20.37 | 0.0 | 23.10 | -3.19 | 0.0 | 6.76 | -9.02 | 0.0 | 7.68 | 3.92 | 0.0 | 5.91 | -6.19 | 0.0 | 3.49 | -18.27 | 0.0 | 1.75 | -15.46 | 0.0 | 0.29 | -9.38 | 0.0 | 10.85 | 6.37 | 0.0 | 100.61 | -4.9 | 0.0 | 88.24 | -11.76 | 0.0 | 11.76 | 1817.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 2.16 | 0.0 | 0.0 | 23.86 | 0.0 | 0.0 | 7.43 | 0.0 | 0.0 | 7.39 | 0.0 | 0.0 | 6.30 | 0.0 | 0.0 | 4.27 | 0.0 | 0.0 | 2.07 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 10.20 | 0.0 | 0.0 | 105.79 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.68 | 0.0 | 0.0 | 17.84 | 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) | 16.88 | -22.21 | 16.27 | -11.86 | 5.69 | -31.45 | 1.71 | 19.78 | 6.36 | -29.57 | 5.61 | -26.67 | 20.02 | -37.24 | 7.32 | -37.06 | 1.28 | -15.23 | 8.24 | -22.04 | 147.73 | -30.14 | 89.39 | -2.75 | 10.51 | 30.11 | 0.38 | 487.02 | 18.90 | 16.31 |
| 2022 (9) | 21.70 | 136.9 | 18.46 | -1.44 | 8.30 | 45.36 | 1.43 | -38.48 | 9.03 | 36.61 | 7.65 | 32.35 | 31.90 | 95.11 | 11.63 | 57.8 | 1.51 | 18.9 | 10.57 | 16.03 | 211.48 | 64.14 | 91.92 | 6.28 | 8.08 | -40.2 | 0.07 | -70.41 | 16.25 | -14.65 |
| 2021 (8) | 9.16 | 19.43 | 18.73 | -13.09 | 5.71 | -19.69 | 2.32 | -11.24 | 6.61 | -2.22 | 5.78 | 0.7 | 16.35 | 11.38 | 7.37 | 4.54 | 1.27 | 4.96 | 9.11 | -5.69 | 128.84 | 10.04 | 86.49 | -17.74 | 13.51 | 0 | 0.22 | -48.98 | 19.04 | -2.96 |
| 2020 (7) | 7.67 | -11.33 | 21.55 | -0.97 | 7.11 | 17.91 | 2.61 | 9.24 | 6.76 | -6.76 | 5.74 | -4.97 | 14.68 | -10.98 | 7.05 | -17.64 | 1.21 | -12.95 | 9.66 | -2.62 | 117.09 | 10.68 | 105.14 | 26.22 | -5.33 | 0 | 0.43 | -32.51 | 19.62 | 15.01 |
| 2019 (6) | 8.65 | -8.85 | 21.76 | 12.45 | 6.03 | 18.93 | 2.39 | 167.82 | 7.25 | 3.87 | 6.04 | 3.42 | 16.49 | -10.09 | 8.56 | -0.23 | 1.39 | -4.79 | 9.92 | 23.08 | 105.79 | 23.0 | 83.30 | 14.76 | 16.87 | -38.08 | 0.64 | 20.65 | 17.06 | 13.51 |
| 2018 (5) | 9.49 | -0.52 | 19.35 | -7.28 | 5.07 | -17.69 | 0.89 | -15.05 | 6.98 | 2.5 | 5.84 | 1.04 | 18.34 | -2.03 | 8.58 | 2.39 | 1.46 | 1.39 | 8.06 | 0.88 | 86.01 | -41.67 | 72.59 | -19.75 | 27.24 | 185.3 | 0.53 | 0 | 15.03 | 3.23 |
| 2017 (4) | 9.54 | -16.46 | 20.87 | -21.95 | 6.16 | -32.82 | 1.05 | -28.04 | 6.81 | -32.77 | 5.78 | -33.72 | 18.72 | -16.73 | 8.38 | -27.0 | 1.44 | 9.92 | 7.99 | -31.77 | 147.45 | 45.0 | 90.45 | 0.12 | 9.55 | 0.41 | 0.00 | 0 | 14.56 | -15.2 |
| 2016 (3) | 11.42 | -31.2 | 26.74 | -1.07 | 9.17 | -10.88 | 1.46 | 16.67 | 10.13 | -18.11 | 8.72 | -18.58 | 22.48 | -33.96 | 11.48 | -33.72 | 1.31 | -19.14 | 11.71 | -14.34 | 101.69 | 11.86 | 90.34 | 8.64 | 9.51 | -43.54 | 0.00 | 0 | 17.17 | 3.87 |
| 2015 (2) | 16.60 | 31.43 | 27.03 | -6.63 | 10.29 | -6.88 | 1.25 | 17.37 | 12.37 | 3.78 | 10.71 | 8.29 | 34.04 | 13.16 | 17.32 | 15.31 | 1.62 | 6.58 | 13.67 | 4.75 | 90.91 | -11.99 | 83.16 | -10.27 | 16.84 | 129.89 | 0.00 | 0 | 16.53 | -5.16 |
| 2014 (1) | 12.63 | 25.92 | 28.95 | 0 | 11.05 | 0 | 1.07 | -6.74 | 11.92 | 0 | 9.89 | 0 | 30.08 | 0 | 15.02 | 0 | 1.52 | -5.59 | 13.05 | 18.85 | 103.29 | 6.74 | 92.67 | 2.81 | 7.33 | -25.66 | 0.00 | 0 | 17.43 | -7.34 |
