- 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) | 0.86 | -18.1 | -8.51 | 25.72 | -6.71 | 2.19 | 17.71 | -10.01 | -2.64 | 17.81 | -20.6 | -14.91 | 14.24 | -21.59 | -14.06 | 3.53 | -21.9 | -12.62 | 2.97 | -16.1 | -13.91 | 0.21 | 10.53 | 0.0 | 20.21 | -19.19 | -14.76 | 17.39 | -14.71 | -5.13 | 99.37 | 13.23 | 14.21 | 0.63 | -94.85 | -95.14 | 20.94 | -4.43 | 0.92 |
| 24Q2 (19) | 1.05 | 6.06 | 26.51 | 27.57 | 10.99 | 13.74 | 19.68 | 11.31 | 15.36 | 22.43 | 7.63 | 14.85 | 18.16 | 9.86 | 17.24 | 4.52 | 7.62 | 19.89 | 3.54 | 7.27 | 17.22 | 0.19 | -5.0 | 0.0 | 25.01 | 7.16 | 10.86 | 20.39 | -42.24 | 25.55 | 87.76 | 3.64 | 0.21 | 12.24 | -18.69 | -3.92 | 21.91 | 7.3 | 7.3 |
| 24Q1 (18) | 0.99 | 22.22 | 23.75 | 24.84 | -0.68 | 3.07 | 17.68 | -2.91 | -1.23 | 20.84 | 16.88 | 10.67 | 16.53 | 17.07 | 10.57 | 4.20 | 23.89 | 17.65 | 3.30 | 15.79 | 17.44 | 0.20 | 0.0 | 5.26 | 23.34 | 14.24 | 7.21 | 35.30 | 75.27 | 4.5 | 84.68 | -17.2 | -10.63 | 15.05 | 762.37 | 206.09 | 20.42 | 1.04 | 2.2 |
| 23Q4 (17) | 0.81 | -13.83 | 0.0 | 25.01 | -0.64 | -5.44 | 18.21 | 0.11 | -4.11 | 17.83 | -14.81 | -5.06 | 14.12 | -14.79 | -5.3 | 3.39 | -16.09 | -4.78 | 2.85 | -17.39 | -3.72 | 0.20 | -4.76 | 0.0 | 20.43 | -13.83 | -6.33 | 20.14 | 9.87 | -3.03 | 102.27 | 17.55 | 1.3 | -2.27 | -117.49 | -137.12 | 20.21 | -2.6 | 0.8 |
| 23Q3 (16) | 0.94 | 13.25 | 3.3 | 25.17 | 3.84 | -2.06 | 18.19 | 6.62 | 6.94 | 20.93 | 7.17 | 2.6 | 16.57 | 6.97 | 2.54 | 4.04 | 7.16 | -3.35 | 3.45 | 14.24 | 3.92 | 0.21 | 10.53 | 0.0 | 23.71 | 5.1 | 1.63 | 18.33 | 12.87 | -6.95 | 87.01 | -0.66 | 4.11 | 12.99 | 2.01 | -22.25 | 20.75 | 1.62 | 9.67 |
| 23Q2 (15) | 0.83 | 3.75 | -17.82 | 24.24 | 0.58 | -15.6 | 17.06 | -4.69 | -8.77 | 19.53 | 3.72 | -2.74 | 15.49 | 3.61 | -3.91 | 3.77 | 5.6 | -15.47 | 3.02 | 7.47 | -15.17 | 0.19 | 0.0 | -13.64 | 22.56 | 3.63 | -0.7 | 16.24 | -51.92 | -49.71 | 87.58 | -7.57 | -5.99 | 12.74 | 159.02 | 86.18 | 20.42 | 2.2 | 12.38 |
| 23Q1 (14) | 0.80 | -1.23 | -6.98 | 24.10 | -8.88 | 0.42 | 17.90 | -5.74 | 11.53 | 18.83 | 0.27 | 7.91 | 14.95 | 0.27 | 7.63 | 3.57 | 0.28 | -4.03 | 2.81 | -5.07 | -9.06 | 0.19 | -5.0 | -13.64 | 21.77 | -0.18 | 7.77 | 33.78 | 62.64 | 79.3 | 94.75 | -6.15 | 2.94 | 4.92 | 613.11 | -38.15 | 19.98 | -0.35 | 12.69 |
| 22Q4 (13) | 0.81 | -10.99 | 14.08 | 26.45 | 2.92 | 9.75 | 18.99 | 11.64 | 20.19 | 18.78 | -7.94 | 13.06 | 14.91 | -7.74 | 12.87 | 3.56 | -14.83 | 11.6 | 2.96 | -10.84 | 16.54 | 0.20 | -4.76 | 5.26 | 21.81 | -6.52 | 10.04 | 20.77 | 5.43 | -5.68 | 100.96 | 20.81 | 6.44 | -0.96 | -105.73 | -120.05 | 20.05 | 5.97 | 5.19 |
| 22Q3 (12) | 0.91 | -9.9 | -6.19 | 25.70 | -10.52 | 5.37 | 17.01 | -9.04 | -2.8 | 20.40 | 1.59 | 10.87 | 16.16 | 0.25 | 10.01 | 4.18 | -6.28 | -1.88 | 3.32 | -6.74 | -3.77 | 0.21 | -4.55 | -8.7 | 23.33 | 2.68 | 10.36 | 19.70 | -38.99 | -33.94 | 83.57 | -10.29 | -12.07 | 16.71 | 144.28 | 237.06 | 18.92 | 4.13 | 1.99 |
| 22Q2 (11) | 1.01 | 17.44 | 17.44 | 28.72 | 19.67 | 22.58 | 18.70 | 16.51 | 12.04 | 20.08 | 15.07 | 14.94 | 16.12 | 16.05 | 16.22 | 4.46 | 19.89 | 17.68 | 3.56 | 15.21 | 10.56 | 0.22 | 0.0 | -4.35 | 22.72 | 12.48 | 11.1 | 32.29 | 71.39 | 84.2 | 93.16 | 1.2 | -2.66 | 6.84 | -13.95 | 48.7 | 18.17 | 2.48 | 1.91 |
| 22Q1 (10) | 0.86 | 21.13 | 7.5 | 24.00 | -0.41 | -9.81 | 16.05 | 1.58 | -16.71 | 17.45 | 5.06 | -5.57 | 13.89 | 5.15 | -5.64 | 3.72 | 16.61 | 2.2 | 3.09 | 21.65 | 0.65 | 0.22 | 15.79 | 4.76 | 20.20 | 1.92 | -7.93 | 18.84 | -14.44 | 3.86 | 92.05 | -2.96 | -11.76 | 7.95 | 66.36 | 284.1 | 17.73 | -6.98 | -11.39 |
| 21Q4 (9) | 0.71 | -26.8 | 2.9 | 24.10 | -1.19 | -2.86 | 15.80 | -9.71 | -10.73 | 16.61 | -9.73 | -7.31 | 13.21 | -10.07 | -8.33 | 3.19 | -25.12 | -3.04 | 2.54 | -26.38 | -9.29 | 0.19 | -17.39 | 0.0 | 19.82 | -6.24 | -9.62 | 22.02 | -26.16 | 14.75 | 94.85 | -0.2 | -4.04 | 4.78 | -3.62 | 315.81 | 19.06 | 2.75 | -4.6 |
| 21Q3 (8) | 0.97 | 12.79 | 125.58 | 24.39 | 4.1 | 50.0 | 17.50 | 4.85 | 83.05 | 18.40 | 5.32 | 64.43 | 14.69 | 5.91 | 46.9 | 4.26 | 12.4 | 99.07 | 3.45 | 7.14 | 93.82 | 0.23 | 0.0 | 27.78 | 21.14 | 3.37 | 35.34 | 29.82 | 70.11 | 86.96 | 95.04 | -0.69 | 11.51 | 4.96 | 7.77 | -66.42 | 18.55 | 4.04 | -2.52 |
| 21Q2 (7) | 0.86 | 7.5 | 218.52 | 23.43 | -11.95 | 43.22 | 16.69 | -13.39 | 151.73 | 17.47 | -5.47 | 25.5 | 13.87 | -5.77 | 34.4 | 3.79 | 4.12 | 198.43 | 3.22 | 4.89 | 206.67 | 0.23 | 9.52 | 130.0 | 20.45 | -6.79 | -6.32 | 17.53 | -3.36 | -29.88 | 95.71 | -8.26 | 102.45 | 4.60 | 206.54 | -91.12 | 17.83 | -10.89 | 0 |
| 21Q1 (6) | 0.80 | 15.94 | 25.0 | 26.61 | 7.26 | 27.02 | 19.27 | 8.87 | 31.09 | 18.48 | 3.12 | 15.21 | 14.72 | 2.15 | 15.18 | 3.64 | 10.64 | 25.52 | 3.07 | 9.64 | 26.34 | 0.21 | 10.53 | 10.53 | 21.94 | 0.05 | 8.19 | 18.14 | -5.47 | -2.47 | 104.32 | 5.53 | 13.8 | -4.32 | -475.75 | -151.83 | 20.01 | 0.15 | 0 |
| 20Q4 (5) | 0.69 | 60.47 | 15.0 | 24.81 | 52.58 | 15.4 | 17.70 | 85.15 | 23.0 | 17.92 | 60.14 | 23.08 | 14.41 | 44.1 | 17.15 | 3.29 | 53.74 | 17.08 | 2.80 | 57.3 | 20.69 | 0.19 | 5.56 | 0.0 | 21.93 | 40.4 | 15.06 | 19.19 | 20.31 | -7.92 | 98.85 | 15.97 | -0.21 | 1.15 | -92.22 | 22.41 | 19.98 | 4.99 | 0.3 |
| 20Q3 (4) | 0.43 | 59.26 | 0.0 | 16.26 | -0.61 | 0.0 | 9.56 | 44.19 | 0.0 | 11.19 | -19.61 | 0.0 | 10.00 | -3.1 | 0.0 | 2.14 | 68.5 | 0.0 | 1.78 | 69.52 | 0.0 | 0.18 | 80.0 | 0.0 | 15.62 | -28.45 | 0.0 | 15.95 | -36.2 | 0.0 | 85.23 | 80.3 | 0.0 | 14.77 | -71.51 | 0.0 | 19.03 | 0 | 0.0 |
| 20Q2 (3) | 0.27 | -57.81 | 0.0 | 16.36 | -21.91 | 0.0 | 6.63 | -54.9 | 0.0 | 13.92 | -13.22 | 0.0 | 10.32 | -19.25 | 0.0 | 1.27 | -56.21 | 0.0 | 1.05 | -56.79 | 0.0 | 0.10 | -47.37 | 0.0 | 21.83 | 7.64 | 0.0 | 25.00 | 34.41 | 0.0 | 47.27 | -48.43 | 0.0 | 51.82 | 521.82 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.64 | 6.67 | 0.0 | 20.95 | -2.56 | 0.0 | 14.70 | 2.15 | 0.0 | 16.04 | 10.16 | 0.0 | 12.78 | 3.9 | 0.0 | 2.90 | 3.2 | 0.0 | 2.43 | 4.74 | 0.0 | 0.19 | 0.0 | 0.0 | 20.28 | 6.4 | 0.0 | 18.60 | -10.75 | 0.0 | 91.67 | -7.46 | 0.0 | 8.33 | 787.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.60 | 0.0 | 0.0 | 21.50 | 0.0 | 0.0 | 14.39 | 0.0 | 0.0 | 14.56 | 0.0 | 0.0 | 12.30 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 2.32 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 19.06 | 0.0 | 0.0 | 20.84 | 0.0 | 0.0 | 99.06 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 19.92 | 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) | 3.38 | -6.11 | 24.64 | -6.06 | 17.85 | 1.02 | 2.69 | 0.52 | 19.27 | 0.52 | 15.28 | 0.13 | 14.09 | -9.97 | 11.70 | -9.3 | 0.77 | -8.33 | 22.11 | 0.5 | 20.14 | -3.03 | 92.58 | 0.48 | 7.34 | -6.64 | 1.24 | -9.8 | 20.34 | 8.94 |
| 2022 (9) | 3.60 | 8.11 | 26.23 | 6.71 | 17.67 | 2.14 | 2.68 | -9.31 | 19.17 | 7.94 | 15.26 | 7.92 | 15.65 | 3.92 | 12.90 | 3.28 | 0.84 | -4.55 | 22.00 | 5.52 | 20.77 | -5.68 | 92.14 | -5.46 | 7.86 | 200.6 | 1.38 | -8.42 | 18.67 | -0.74 |
| 2021 (8) | 3.33 | 63.24 | 24.58 | 22.17 | 17.30 | 33.49 | 2.95 | -35.39 | 17.76 | 18.56 | 14.14 | 16.47 | 15.06 | 58.69 | 12.49 | 57.7 | 0.88 | 35.38 | 20.85 | 5.57 | 22.02 | 14.75 | 97.46 | 12.74 | 2.61 | -80.52 | 1.50 | -14.07 | 18.81 | -12.47 |
| 2020 (7) | 2.04 | -26.35 | 20.12 | -6.33 | 12.96 | -14.51 | 4.57 | 18.85 | 14.98 | -5.25 | 12.14 | -4.63 | 9.49 | -25.63 | 7.92 | -22.73 | 0.65 | -18.75 | 19.75 | -0.35 | 19.19 | -7.92 | 86.45 | -9.9 | 13.42 | 230.73 | 1.75 | -5.37 | 21.49 | 11.52 |
| 2019 (6) | 2.77 | -27.11 | 21.48 | -6.65 | 15.16 | -12.82 | 3.85 | 22.37 | 15.81 | -11.92 | 12.73 | -10.79 | 12.76 | -27.79 | 10.25 | -25.29 | 0.80 | -16.67 | 19.82 | -6.77 | 20.84 | -27.39 | 95.94 | -0.95 | 4.06 | 29.22 | 1.85 | 1.38 | 19.27 | 7.77 |
| 2018 (5) | 3.80 | -1.04 | 23.01 | -7.18 | 17.39 | -7.2 | 3.14 | -6.45 | 17.95 | -8.28 | 14.27 | -10.2 | 17.67 | -6.31 | 13.72 | -4.19 | 0.96 | 6.67 | 21.26 | -8.08 | 28.70 | -2.31 | 96.86 | 1.2 | 3.14 | -25.63 | 1.82 | 0 | 17.88 | -4.49 |
| 2017 (4) | 3.84 | 3.78 | 24.79 | -6.1 | 18.74 | -5.07 | 3.36 | -4.35 | 19.57 | -3.45 | 15.89 | -3.4 | 18.86 | -4.6 | 14.32 | -1.17 | 0.90 | 2.27 | 23.13 | -3.79 | 29.38 | -15.14 | 95.71 | -1.73 | 4.22 | 61.74 | 0.00 | 0 | 18.72 | -4.25 |
| 2016 (3) | 3.70 | 22.11 | 26.40 | 18.02 | 19.74 | 28.1 | 3.51 | 9.46 | 20.27 | 21.16 | 16.45 | 18.69 | 19.77 | 13.23 | 14.49 | 15.83 | 0.88 | -2.22 | 24.04 | 19.19 | 34.62 | -13.1 | 97.39 | 5.79 | 2.61 | -66.74 | 0.00 | 0 | 19.55 | 2.57 |
| 2015 (2) | 3.03 | -21.91 | 22.37 | -5.57 | 15.41 | -11.59 | 3.21 | 15.75 | 16.73 | -6.22 | 13.86 | -6.41 | 17.46 | -18.14 | 12.51 | -15.7 | 0.90 | -10.0 | 20.17 | -3.45 | 39.84 | -1.73 | 92.06 | -5.78 | 7.85 | 242.97 | 0.00 | 0 | 19.06 | 8.17 |
| 2014 (1) | 3.88 | -1.77 | 23.69 | 0 | 17.43 | 0 | 2.77 | -10.54 | 17.84 | 0 | 14.81 | 0 | 21.33 | 0 | 14.84 | 0 | 1.00 | -0.99 | 20.89 | 0.34 | 40.54 | -17.6 | 97.71 | 6.85 | 2.29 | -73.25 | 0.00 | 0 | 17.62 | 2.98 |
