- 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) | 2.98 | 12.03 | -4.49 | 15.42 | 2.94 | 6.93 | 6.94 | 23.93 | 16.44 | 7.03 | 10.19 | 6.03 | 5.38 | 12.08 | 11.16 | 4.36 | 7.39 | -8.79 | 1.64 | 16.31 | -12.3 | 0.30 | 3.45 | -21.05 | 8.68 | 5.85 | 5.47 | 159.89 | -12.0 | -2.84 | 98.60 | 12.35 | 9.69 | 1.40 | -88.55 | -86.28 | 6.49 | -2.84 | -3.57 |
| 24Q2 (19) | 2.66 | -5.67 | 1.92 | 14.98 | 1.08 | 5.34 | 5.60 | -7.28 | -1.41 | 6.38 | -1.85 | 2.74 | 4.80 | -2.83 | 2.35 | 4.06 | -4.92 | -4.92 | 1.41 | -9.62 | -13.5 | 0.29 | -6.45 | -12.12 | 8.20 | -3.3 | 0.0 | 181.70 | -10.59 | 17.93 | 87.76 | -5.64 | -3.96 | 12.24 | 72.02 | 42.01 | 6.68 | 1.21 | -5.78 |
| 24Q1 (18) | 2.82 | -6.0 | 25.33 | 14.82 | 0.07 | 4.29 | 6.04 | -10.78 | -3.82 | 6.50 | 5.18 | 9.61 | 4.94 | 6.93 | 9.78 | 4.27 | -4.26 | 16.03 | 1.56 | -10.34 | 9.86 | 0.31 | -16.22 | 10.71 | 8.48 | 8.44 | 0.0 | 203.23 | 28.05 | 4.03 | 93.01 | -15.25 | -12.1 | 7.12 | 173.88 | 222.48 | 6.60 | -20.39 | -12.58 |
| 23Q4 (17) | 3.00 | -3.85 | 4.9 | 14.81 | 2.7 | 4.59 | 6.77 | 13.59 | 43.43 | 6.18 | -6.79 | 14.66 | 4.62 | -4.55 | -0.43 | 4.46 | -6.69 | 0.0 | 1.74 | -6.95 | 6.1 | 0.37 | -2.63 | 12.12 | 7.82 | -4.98 | 6.54 | 158.71 | -3.56 | -15.18 | 109.75 | 22.09 | 25.43 | -9.63 | -194.28 | -177.06 | 8.29 | 23.18 | 17.26 |
| 23Q3 (16) | 3.12 | 19.54 | 20.0 | 14.42 | 1.41 | 2.49 | 5.96 | 4.93 | 28.45 | 6.63 | 6.76 | 18.82 | 4.84 | 3.2 | 15.79 | 4.78 | 11.94 | 17.44 | 1.87 | 14.72 | 30.77 | 0.38 | 15.15 | 15.15 | 8.23 | 0.37 | 13.67 | 164.57 | 6.82 | -16.17 | 89.89 | -1.63 | 8.08 | 10.22 | 18.52 | -39.29 | 6.73 | -5.08 | -1.61 |
| 23Q2 (15) | 2.61 | 16.0 | 33.85 | 14.22 | 0.07 | 2.97 | 5.68 | -9.55 | 21.89 | 6.21 | 4.72 | 26.73 | 4.69 | 4.22 | 29.56 | 4.27 | 16.03 | 35.56 | 1.63 | 14.79 | 45.54 | 0.33 | 17.86 | 10.0 | 8.20 | -3.3 | 21.66 | 154.07 | -21.14 | -20.48 | 91.38 | -13.64 | -3.94 | 8.62 | 248.37 | 77.06 | 7.09 | -6.09 | -3.8 |
| 23Q1 (14) | 2.25 | -21.33 | 25.0 | 14.21 | 0.35 | 3.42 | 6.28 | 33.05 | 35.93 | 5.93 | 10.02 | 20.28 | 4.50 | -3.02 | 23.63 | 3.68 | -17.49 | 23.08 | 1.42 | -13.41 | 27.93 | 0.28 | -15.15 | -6.67 | 8.48 | 15.53 | 27.14 | 195.36 | 4.41 | 1.49 | 105.81 | 20.93 | 12.92 | -5.81 | -146.48 | -195.22 | 7.55 | 6.79 | -7.13 |
| 22Q4 (13) | 2.86 | 10.0 | 27.68 | 14.16 | 0.64 | 1.22 | 4.72 | 1.72 | -20.4 | 5.39 | -3.41 | -15.38 | 4.64 | 11.0 | -1.07 | 4.46 | 9.58 | 23.55 | 1.64 | 14.69 | 20.59 | 0.33 | 0.0 | 13.79 | 7.34 | 1.38 | -9.61 | 187.11 | -4.69 | 15.27 | 87.50 | 5.21 | -5.88 | 12.50 | -25.73 | 81.85 | 7.07 | 3.36 | -23.4 |
| 22Q3 (12) | 2.60 | 33.33 | 10.64 | 14.07 | 1.88 | -1.95 | 4.64 | -0.43 | -18.74 | 5.58 | 13.88 | -7.77 | 4.18 | 15.47 | -4.78 | 4.07 | 29.21 | 14.33 | 1.43 | 27.68 | 9.16 | 0.33 | 10.0 | 13.79 | 7.24 | 7.42 | -5.36 | 196.32 | 1.33 | 10.37 | 83.17 | -12.57 | -11.76 | 16.83 | 245.67 | 192.75 | 6.84 | -7.19 | -28.97 |
| 22Q2 (11) | 1.95 | 8.33 | 5.41 | 13.81 | 0.51 | 5.42 | 4.66 | 0.87 | -6.05 | 4.90 | -0.61 | -7.2 | 3.62 | -0.55 | -9.27 | 3.15 | 5.35 | -6.8 | 1.12 | 0.9 | -9.68 | 0.30 | 0.0 | -3.23 | 6.74 | 1.05 | -1.17 | 193.74 | 0.65 | 11.18 | 95.13 | 1.53 | 1.37 | 4.87 | -20.21 | -20.84 | 7.37 | -9.35 | -22.91 |
| 22Q1 (10) | 1.80 | -19.64 | -18.18 | 13.74 | -1.79 | -2.55 | 4.62 | -22.09 | -27.81 | 4.93 | -22.61 | -18.78 | 3.64 | -22.39 | -23.04 | 2.99 | -17.17 | -24.3 | 1.11 | -18.38 | -28.39 | 0.30 | 3.45 | -6.25 | 6.67 | -17.86 | -11.3 | 192.49 | 18.58 | 6.86 | 93.70 | 0.79 | -11.17 | 6.10 | -11.23 | 211.37 | 8.13 | -11.92 | -7.09 |
| 21Q4 (9) | 2.24 | -4.68 | -13.18 | 13.99 | -2.51 | -10.26 | 5.93 | 3.85 | -14.8 | 6.37 | 5.29 | -13.45 | 4.69 | 6.83 | -14.42 | 3.61 | 1.4 | -15.26 | 1.36 | 3.82 | -23.6 | 0.29 | 0.0 | -9.38 | 8.12 | 6.14 | -8.76 | 162.33 | -8.74 | 15.27 | 92.96 | -1.37 | -1.62 | 6.87 | 19.57 | 28.31 | 9.23 | -4.15 | -3.55 |
| 21Q3 (8) | 2.35 | 27.03 | -16.07 | 14.35 | 9.54 | -6.51 | 5.71 | 15.12 | -24.97 | 6.05 | 14.58 | -21.33 | 4.39 | 10.03 | -25.34 | 3.56 | 5.33 | -28.8 | 1.31 | 5.65 | -37.02 | 0.29 | -6.45 | -17.14 | 7.65 | 12.17 | -16.67 | 177.88 | 2.08 | 24.34 | 94.25 | 0.43 | -4.84 | 5.75 | -6.53 | 502.84 | 9.63 | 0.73 | 15.88 |
| 21Q2 (7) | 1.85 | -15.91 | 7.56 | 13.10 | -7.09 | -6.83 | 4.96 | -22.5 | -20.0 | 5.28 | -13.01 | -11.85 | 3.99 | -15.64 | -1.72 | 3.38 | -14.43 | 13.8 | 1.24 | -20.0 | -0.8 | 0.31 | -3.13 | 3.33 | 6.82 | -9.31 | -13.12 | 174.26 | -3.26 | 18.64 | 93.85 | -11.03 | -9.39 | 6.15 | 212.25 | 272.22 | 9.56 | 9.26 | 3.13 |
| 21Q1 (6) | 2.20 | -14.73 | 71.88 | 14.10 | -9.56 | -3.89 | 6.40 | -8.05 | 6.67 | 6.07 | -17.53 | -5.01 | 4.73 | -13.69 | 37.1 | 3.95 | -7.28 | 76.34 | 1.55 | -12.92 | 55.0 | 0.32 | 0.0 | 14.29 | 7.52 | -15.51 | -8.96 | 180.14 | 27.92 | 25.88 | 105.48 | 11.63 | 12.38 | -5.48 | -202.28 | -189.24 | 8.75 | -8.57 | -11.26 |
| 20Q4 (5) | 2.58 | -7.86 | 82.98 | 15.59 | 1.56 | 9.94 | 6.96 | -8.54 | 45.3 | 7.36 | -4.29 | 82.18 | 5.48 | -6.8 | 67.58 | 4.26 | -14.8 | 79.75 | 1.78 | -14.42 | 71.15 | 0.32 | -8.57 | 6.67 | 8.90 | -3.05 | 52.4 | 140.82 | -1.57 | 12.55 | 94.49 | -4.6 | -20.32 | 5.36 | 461.73 | 128.82 | 9.57 | 15.16 | -4.11 |
| 20Q3 (4) | 2.80 | 62.79 | 0.0 | 15.35 | 9.17 | 0.0 | 7.61 | 22.74 | 0.0 | 7.69 | 28.38 | 0.0 | 5.88 | 44.83 | 0.0 | 5.00 | 68.35 | 0.0 | 2.08 | 66.4 | 0.0 | 0.35 | 16.67 | 0.0 | 9.18 | 16.94 | 0.0 | 143.06 | -2.6 | 0.0 | 99.05 | -4.37 | 0.0 | 0.95 | 126.7 | 0.0 | 8.31 | -10.36 | 0.0 |
| 20Q2 (3) | 1.72 | 34.37 | 0.0 | 14.06 | -4.16 | 0.0 | 6.20 | 3.33 | 0.0 | 5.99 | -6.26 | 0.0 | 4.06 | 17.68 | 0.0 | 2.97 | 32.59 | 0.0 | 1.25 | 25.0 | 0.0 | 0.30 | 7.14 | 0.0 | 7.85 | -4.96 | 0.0 | 146.88 | 2.63 | 0.0 | 103.57 | 10.35 | 0.0 | -3.57 | -158.16 | 0.0 | 9.27 | -5.98 | 0.0 |
| 20Q1 (2) | 1.28 | -9.22 | 0.0 | 14.67 | 3.46 | 0.0 | 6.00 | 25.26 | 0.0 | 6.39 | 58.17 | 0.0 | 3.45 | 5.5 | 0.0 | 2.24 | -5.49 | 0.0 | 1.00 | -3.85 | 0.0 | 0.28 | -6.67 | 0.0 | 8.26 | 41.44 | 0.0 | 143.11 | 14.38 | 0.0 | 93.86 | -20.85 | 0.0 | 6.14 | 133.03 | 0.0 | 9.86 | -1.2 | 0.0 |
| 19Q4 (1) | 1.41 | 0.0 | 0.0 | 14.18 | 0.0 | 0.0 | 4.79 | 0.0 | 0.0 | 4.04 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 2.37 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 5.84 | 0.0 | 0.0 | 125.12 | 0.0 | 0.0 | 118.59 | 0.0 | 0.0 | -18.59 | 0.0 | 0.0 | 9.98 | 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) | 10.98 | 19.35 | 14.44 | 3.44 | 6.19 | 32.83 | 1.54 | 5.62 | 6.26 | 19.69 | 4.67 | 15.02 | 16.57 | 16.2 | 6.36 | 17.13 | 1.30 | 1.56 | 8.16 | 16.07 | 158.71 | -15.18 | 98.88 | 10.83 | 1.12 | -89.57 | 0.17 | -26.32 | 7.42 | 1.5 |
| 2022 (9) | 9.20 | 6.98 | 13.96 | 0.58 | 4.66 | -18.96 | 1.46 | 4.69 | 5.23 | -11.95 | 4.06 | -8.76 | 14.26 | 4.24 | 5.43 | -1.63 | 1.28 | 4.92 | 7.03 | -6.64 | 187.11 | 15.27 | 89.21 | -7.78 | 10.79 | 231.33 | 0.23 | -31.5 | 7.31 | -21.31 |
| 2021 (8) | 8.60 | 2.87 | 13.88 | -7.28 | 5.75 | -14.94 | 1.39 | -3.15 | 5.94 | -14.29 | 4.45 | -7.87 | 13.68 | -2.22 | 5.52 | -10.1 | 1.22 | -1.61 | 7.53 | -12.44 | 162.33 | 15.27 | 96.74 | -0.92 | 3.26 | 38.39 | 0.34 | 30.29 | 9.29 | 0.87 |
| 2020 (7) | 8.36 | 22.04 | 14.97 | 13.15 | 6.76 | 28.76 | 1.44 | 20.24 | 6.93 | 33.78 | 4.83 | 17.23 | 13.99 | 7.29 | 6.14 | 2.5 | 1.24 | -12.06 | 8.60 | 29.32 | 140.82 | 12.55 | 97.65 | -3.77 | 2.35 | 0 | 0.26 | -0.79 | 9.21 | 5.26 |
| 2019 (6) | 6.85 | 48.59 | 13.23 | 11.55 | 5.25 | 43.84 | 1.19 | 45.21 | 5.18 | 23.33 | 4.12 | 24.47 | 13.04 | 36.26 | 5.99 | 21.26 | 1.41 | -2.76 | 6.65 | 26.19 | 125.12 | 0.63 | 101.47 | 16.83 | -1.47 | 0 | 0.26 | -8.57 | 8.75 | -6.12 |
| 2018 (5) | 4.61 | 43.61 | 11.86 | -14.86 | 3.65 | -20.13 | 0.82 | -23.05 | 4.20 | 7.14 | 3.31 | 2.48 | 9.57 | 32.55 | 4.94 | 15.15 | 1.45 | 10.69 | 5.27 | 0.76 | 124.34 | 66.68 | 86.85 | -25.62 | 13.15 | 0 | 0.29 | 0 | 9.32 | -9.86 |
| 2017 (4) | 3.21 | -55.35 | 13.93 | -13.85 | 4.57 | -39.07 | 1.07 | 22.9 | 3.92 | -44.79 | 3.23 | -43.73 | 7.22 | -54.76 | 4.29 | -55.82 | 1.31 | -22.02 | 5.23 | -35.83 | 74.60 | 10.83 | 116.77 | 10.52 | -16.65 | 0 | 0.00 | 0 | 10.34 | 8.27 |
| 2016 (3) | 7.19 | 134.97 | 16.17 | 35.88 | 7.50 | 179.85 | 0.87 | -16.86 | 7.10 | 95.59 | 5.74 | 97.93 | 15.96 | 108.36 | 9.71 | 108.82 | 1.68 | 7.01 | 8.15 | 66.33 | 67.31 | 6.76 | 105.65 | 42.91 | -5.65 | 0 | 0.00 | 0 | 9.55 | -8.61 |
| 2015 (2) | 3.06 | -28.67 | 11.90 | -24.25 | 2.68 | -42.74 | 1.05 | -30.67 | 3.63 | -35.06 | 2.90 | -35.56 | 7.66 | -33.97 | 4.65 | -33.09 | 1.57 | 4.67 | 4.90 | -33.51 | 63.05 | -15.84 | 73.93 | -11.65 | 26.07 | 59.69 | 0.00 | 0 | 10.45 | -7.11 |
| 2014 (1) | 4.29 | 3.37 | 15.71 | 0 | 4.68 | 0 | 1.51 | -0.48 | 5.59 | 0 | 4.50 | 0 | 11.60 | 0 | 6.95 | 0 | 1.50 | -7.41 | 7.37 | 12.35 | 74.92 | 10.65 | 83.68 | 9.24 | 16.32 | -30.23 | 0.00 | 0 | 11.25 | 6.64 |
