- 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) | 7.07 | 15.33 | 55.73 | 29.33 | 4.34 | 9.89 | 13.97 | 22.33 | 29.95 | 12.71 | 11.2 | 52.4 | 8.82 | 14.55 | 56.94 | 4.23 | 6.55 | 35.14 | 2.36 | 15.12 | 30.39 | 0.24 | 9.09 | 4.35 | 17.67 | 1.2 | 16.56 | 77.19 | -38.17 | -42.36 | 109.87 | 9.95 | -14.76 | -9.87 | -14751.74 | 65.83 | 21.55 | -11.21 | -6.95 |
| 24Q2 (19) | 6.13 | 72.19 | 122.91 | 28.11 | 6.72 | 28.24 | 11.42 | 28.89 | 80.7 | 11.43 | 53.01 | 104.11 | 7.70 | 65.59 | 127.81 | 3.97 | 67.51 | 102.55 | 2.05 | 49.64 | 78.26 | 0.22 | 0.0 | 0.0 | 17.46 | 29.33 | 48.98 | 124.84 | -7.11 | -18.49 | 99.93 | -15.77 | -11.39 | 0.07 | 100.36 | 100.52 | 24.27 | -1.02 | 5.52 |
| 24Q1 (18) | 3.56 | 13.02 | -11.22 | 26.34 | 7.42 | 3.38 | 8.86 | 24.96 | -1.12 | 7.47 | 22.06 | 9.05 | 4.65 | 12.05 | -5.68 | 2.37 | 13.94 | -15.96 | 1.37 | 7.87 | -8.05 | 0.22 | 0.0 | -4.35 | 13.50 | 7.48 | 6.22 | 134.39 | 9.88 | -18.79 | 118.64 | 2.46 | -9.22 | -18.64 | -18.01 | 39.26 | 24.52 | -0.2 | 6.66 |
| 23Q4 (17) | 3.15 | -30.62 | -47.59 | 24.52 | -8.13 | -6.66 | 7.09 | -34.05 | -33.43 | 6.12 | -26.62 | -32.97 | 4.15 | -26.16 | -38.7 | 2.08 | -33.55 | -50.83 | 1.27 | -29.83 | -35.53 | 0.22 | -4.35 | -12.0 | 12.56 | -17.15 | -10.16 | 122.31 | -8.66 | -11.79 | 115.80 | -10.16 | -0.83 | -15.80 | 45.34 | 5.75 | 24.57 | 6.09 | 16.34 |
| 23Q3 (16) | 4.54 | 65.09 | -40.58 | 26.69 | 21.76 | 3.65 | 10.75 | 70.09 | 0.19 | 8.34 | 48.93 | -23.42 | 5.62 | 66.27 | -30.96 | 3.13 | 59.69 | -47.04 | 1.81 | 57.39 | -25.21 | 0.23 | 4.55 | -14.81 | 15.16 | 29.35 | -1.37 | 133.91 | -12.56 | -12.5 | 128.90 | 14.3 | 30.88 | -28.90 | -123.8 | -2087.61 | 23.16 | 0.7 | 14.48 |
| 23Q2 (15) | 2.75 | -31.42 | -65.28 | 21.92 | -13.97 | -16.21 | 6.32 | -29.46 | -47.6 | 5.60 | -18.25 | -53.1 | 3.38 | -31.44 | -60.92 | 1.96 | -30.5 | -69.57 | 1.15 | -22.82 | -53.82 | 0.22 | -4.35 | -18.52 | 11.72 | -7.79 | -27.39 | 153.15 | -7.45 | -14.28 | 112.77 | -13.71 | 11.7 | -12.91 | 57.93 | -1245.28 | 23.00 | 0.04 | 11.0 |
| 23Q1 (14) | 4.01 | -33.28 | 14.57 | 25.48 | -3.01 | 5.38 | 8.96 | -15.87 | 22.07 | 6.85 | -24.97 | -0.44 | 4.93 | -27.18 | 10.54 | 2.82 | -33.33 | -9.03 | 1.49 | -24.37 | -3.25 | 0.23 | -8.0 | -23.33 | 12.71 | -9.08 | 13.69 | 165.48 | 19.35 | -8.19 | 130.69 | 11.93 | 22.6 | -30.69 | -83.11 | -364.98 | 22.99 | 8.85 | 9.42 |
| 22Q4 (13) | 6.01 | -21.34 | 41.41 | 26.27 | 2.02 | 14.02 | 10.65 | -0.75 | 10.71 | 9.13 | -16.16 | -1.93 | 6.77 | -16.83 | -4.11 | 4.23 | -28.43 | 8.46 | 1.97 | -18.6 | -16.88 | 0.25 | -7.41 | -21.88 | 13.98 | -9.04 | 10.08 | 138.65 | -9.4 | 101.56 | 116.76 | 18.56 | 13.12 | -16.76 | -1252.84 | -420.28 | 21.12 | 4.4 | 9.89 |
| 22Q3 (12) | 7.64 | -3.54 | 68.28 | 25.75 | -1.57 | 8.83 | 10.73 | -11.03 | 8.82 | 10.89 | -8.79 | 6.56 | 8.14 | -5.9 | 0.0 | 5.91 | -8.23 | 32.81 | 2.42 | -2.81 | -7.98 | 0.27 | 0.0 | -12.9 | 15.37 | -4.77 | 12.77 | 153.04 | -14.34 | 114.25 | 98.48 | -2.45 | 2.12 | 1.45 | 251.47 | -59.18 | 20.23 | -2.36 | -0.34 |
| 22Q2 (11) | 7.92 | 126.29 | 91.77 | 26.16 | 8.19 | 9.87 | 12.06 | 64.31 | 12.08 | 11.94 | 73.55 | 18.45 | 8.65 | 93.95 | 11.18 | 6.44 | 107.74 | 54.81 | 2.49 | 61.69 | 1.63 | 0.27 | -10.0 | -10.0 | 16.14 | 44.36 | 17.98 | 178.67 | -0.87 | 128.42 | 100.96 | -5.29 | -5.46 | -0.96 | 85.46 | 85.86 | 20.72 | -1.38 | 8.25 |
| 22Q1 (10) | 3.50 | -17.65 | 48.94 | 24.18 | 4.95 | 8.92 | 7.34 | -23.7 | 11.89 | 6.88 | -26.1 | -2.27 | 4.46 | -36.83 | -11.16 | 3.10 | -20.51 | 31.91 | 1.54 | -35.02 | 5.48 | 0.30 | -6.25 | 11.11 | 11.18 | -11.97 | -0.45 | 180.24 | 162.01 | 147.75 | 106.60 | 3.27 | 14.27 | -6.60 | -104.88 | -198.32 | 21.01 | 9.31 | -4.76 |
| 21Q4 (9) | 4.25 | -6.39 | -5.56 | 23.04 | -2.62 | -6.91 | 9.62 | -2.43 | -16.57 | 9.31 | -8.9 | -9.61 | 7.06 | -13.27 | -24.41 | 3.90 | -12.36 | -14.47 | 2.37 | -9.89 | -15.05 | 0.32 | 3.23 | 10.34 | 12.70 | -6.82 | -11.44 | 68.79 | -3.7 | -3.25 | 103.22 | 7.03 | -7.91 | -3.22 | -190.44 | 73.01 | 19.22 | -5.32 | 1.05 |
| 21Q3 (8) | 4.54 | 9.93 | 18.54 | 23.66 | -0.63 | -9.94 | 9.86 | -8.36 | -20.16 | 10.22 | 1.39 | -4.31 | 8.14 | 4.63 | -0.73 | 4.45 | 6.97 | 8.01 | 2.63 | 7.35 | 8.23 | 0.31 | 3.33 | 10.71 | 13.63 | -0.37 | -7.91 | 71.43 | -8.68 | 4.2 | 96.44 | -9.69 | -16.6 | 3.56 | 152.47 | 122.78 | 20.30 | 6.06 | 0 |
| 21Q2 (7) | 4.13 | 75.74 | 6.99 | 23.81 | 7.25 | -9.43 | 10.76 | 64.02 | -4.01 | 10.08 | 43.18 | -14.36 | 7.78 | 54.98 | -18.19 | 4.16 | 77.02 | -5.24 | 2.45 | 67.81 | -0.81 | 0.30 | 11.11 | 20.0 | 13.68 | 21.82 | -16.38 | 78.22 | 7.52 | -9.49 | 106.79 | 14.47 | 12.03 | -6.79 | -201.14 | -245.15 | 19.14 | -13.24 | 0 |
| 21Q1 (6) | 2.35 | -47.78 | 29.83 | 22.20 | -10.3 | -7.23 | 6.56 | -43.1 | -15.14 | 7.04 | -31.65 | 1.88 | 5.02 | -46.25 | 5.68 | 2.35 | -48.46 | 16.92 | 1.46 | -47.67 | 23.73 | 0.27 | -6.9 | 22.73 | 11.23 | -21.69 | -1.92 | 72.75 | 2.32 | -16.58 | 93.29 | -16.78 | -16.7 | 6.71 | 156.23 | 156.0 | 22.06 | 15.98 | 0 |
| 20Q4 (5) | 4.50 | 17.49 | 8.43 | 24.75 | -5.79 | -5.28 | 11.53 | -6.64 | -8.49 | 10.30 | -3.56 | 5.42 | 9.34 | 13.9 | 13.21 | 4.56 | 10.68 | 2.47 | 2.79 | 14.81 | 17.72 | 0.29 | 3.57 | 7.41 | 14.34 | -3.11 | 6.14 | 71.10 | 3.72 | -25.88 | 112.09 | -3.06 | -13.12 | -11.94 | 23.64 | 58.86 | 19.02 | 0 | 0 |
| 20Q3 (4) | 3.83 | -0.78 | 0.0 | 26.27 | -0.08 | 0.0 | 12.35 | 10.17 | 0.0 | 10.68 | -9.26 | 0.0 | 8.20 | -13.77 | 0.0 | 4.12 | -6.15 | 0.0 | 2.43 | -1.62 | 0.0 | 0.28 | 12.0 | 0.0 | 14.80 | -9.54 | 0.0 | 68.55 | -20.68 | 0.0 | 115.63 | 21.31 | 0.0 | -15.63 | -434.26 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 3.86 | 113.26 | 0.0 | 26.29 | 9.86 | 0.0 | 11.21 | 45.02 | 0.0 | 11.77 | 70.33 | 0.0 | 9.51 | 100.21 | 0.0 | 4.39 | 118.41 | 0.0 | 2.47 | 109.32 | 0.0 | 0.25 | 13.64 | 0.0 | 16.36 | 42.88 | 0.0 | 86.42 | -0.91 | 0.0 | 95.32 | -14.88 | 0.0 | 4.68 | 139.02 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.81 | -56.39 | 0.0 | 23.93 | -8.42 | 0.0 | 7.73 | -38.65 | 0.0 | 6.91 | -29.27 | 0.0 | 4.75 | -42.42 | 0.0 | 2.01 | -54.83 | 0.0 | 1.18 | -50.21 | 0.0 | 0.22 | -18.52 | 0.0 | 11.45 | -15.25 | 0.0 | 87.21 | -9.08 | 0.0 | 111.99 | -13.2 | 0.0 | -11.99 | 58.69 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 4.15 | 0.0 | 0.0 | 26.13 | 0.0 | 0.0 | 12.60 | 0.0 | 0.0 | 9.77 | 0.0 | 0.0 | 8.25 | 0.0 | 0.0 | 4.45 | 0.0 | 0.0 | 2.37 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 13.51 | 0.0 | 0.0 | 95.92 | 0.0 | 0.0 | 129.02 | 0.0 | 0.0 | -29.02 | 0.0 | 0.0 | 0.00 | 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) | 14.37 | -42.57 | 24.65 | -3.9 | 8.30 | -19.57 | 3.22 | 16.82 | 6.74 | -31.57 | 4.53 | -36.47 | 9.81 | -51.79 | 5.98 | -44.11 | 0.94 | -30.88 | 13.05 | -8.81 | 122.31 | -11.79 | 123.10 | 17.48 | -23.10 | 0 | 12.26 | -3.22 | 23.41 | 12.82 |
| 2022 (9) | 25.02 | 64.39 | 25.65 | 10.51 | 10.32 | 10.85 | 2.75 | 2.2 | 9.85 | 6.49 | 7.13 | 0.71 | 20.35 | 43.01 | 10.70 | 22.99 | 1.36 | 15.25 | 14.31 | 11.19 | 138.65 | 101.56 | 104.78 | 4.11 | -4.80 | 0 | 12.67 | 113.22 | 20.75 | 3.29 |
| 2021 (8) | 15.22 | 8.64 | 23.21 | -8.41 | 9.31 | -14.19 | 2.70 | -12.2 | 9.25 | -7.59 | 7.08 | -12.38 | 14.23 | -0.21 | 8.70 | 5.84 | 1.18 | 22.92 | 12.87 | -10.0 | 68.79 | -3.25 | 100.64 | -7.18 | -0.64 | 0 | 5.94 | -22.76 | 20.09 | 0.15 |
| 2020 (7) | 14.01 | -9.85 | 25.34 | 4.02 | 10.85 | 3.93 | 3.07 | 7.75 | 10.01 | -0.99 | 8.08 | 1.51 | 14.26 | -17.29 | 8.22 | -10.65 | 0.96 | -13.51 | 14.30 | 2.8 | 71.10 | -25.88 | 108.43 | 5.05 | -8.43 | 0 | 7.69 | 159.73 | 20.06 | 7.16 |
| 2019 (6) | 15.54 | 31.03 | 24.36 | 13.51 | 10.44 | 24.88 | 2.85 | 82.5 | 10.11 | 16.47 | 7.96 | 21.71 | 17.24 | 2.56 | 9.20 | 0.55 | 1.11 | -18.38 | 13.91 | 26.92 | 95.92 | 0.18 | 103.21 | 7.19 | -3.21 | 0 | 2.96 | -43.04 | 18.72 | 1.79 |
| 2018 (5) | 11.86 | 9.41 | 21.46 | -12.12 | 8.36 | -15.98 | 1.56 | -11.11 | 8.68 | -11.07 | 6.54 | -13.61 | 16.81 | -7.94 | 9.15 | -10.12 | 1.36 | 3.03 | 10.96 | -9.79 | 95.75 | 17.64 | 96.29 | -5.51 | 3.71 | 0 | 5.20 | 0 | 18.39 | -7.87 |
| 2017 (4) | 10.84 | 17.44 | 24.42 | -18.05 | 9.95 | -10.04 | 1.76 | -18.31 | 9.76 | -22.66 | 7.57 | -23.38 | 18.26 | -2.51 | 10.18 | -8.45 | 1.32 | 22.22 | 12.15 | -21.66 | 81.39 | -5.97 | 101.90 | 16.32 | -1.90 | 0 | 0.00 | 0 | 19.96 | -14.99 |
| 2016 (3) | 9.23 | 11.2 | 29.80 | 11.9 | 11.06 | 18.42 | 2.15 | 5.23 | 12.62 | 10.03 | 9.88 | 9.41 | 18.73 | 4.93 | 11.12 | -2.11 | 1.08 | -12.9 | 15.51 | 11.42 | 86.56 | 40.68 | 87.61 | 7.56 | 12.39 | -33.19 | 0.00 | 0 | 23.48 | 0.13 |
| 2015 (2) | 8.30 | 14.01 | 26.63 | -4.38 | 9.34 | -10.28 | 2.04 | 5.44 | 11.47 | 5.04 | 9.03 | 9.45 | 17.85 | 9.71 | 11.36 | 5.87 | 1.24 | -3.13 | 13.92 | 5.22 | 61.53 | 6.07 | 81.45 | -14.58 | 18.55 | 288.58 | 0.00 | 0 | 23.45 | -6.16 |
| 2014 (1) | 7.28 | 0.0 | 27.85 | 0 | 10.41 | 0 | 1.94 | 6.84 | 10.92 | 0 | 8.25 | 0 | 16.27 | 0 | 10.73 | 0 | 1.28 | -14.67 | 13.23 | 8.53 | 58.01 | 18.1 | 95.35 | -11.41 | 4.77 | 0 | 0.00 | 0 | 24.99 | 11.86 |
