- 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) | 2.47 | -44.62 | -38.86 | 20.25 | -9.27 | -4.93 | 13.77 | -13.29 | -6.83 | 12.19 | -38.31 | -37.96 | 9.55 | -38.86 | -38.31 | 3.05 | -46.86 | -46.21 | 2.33 | -43.45 | -38.85 | 0.24 | -7.69 | 0.0 | 16.43 | -30.32 | -32.61 | 25.07 | -34.59 | -41.26 | 112.74 | 39.99 | 49.73 | -13.21 | -166.93 | -153.46 | 19.51 | 3.17 | 3.01 |
| 24Q2 (19) | 4.46 | 14.07 | 33.13 | 22.32 | 3.05 | 17.23 | 15.88 | 5.37 | 17.37 | 19.76 | 4.22 | 24.67 | 15.62 | 6.91 | 26.89 | 5.74 | 11.03 | 12.99 | 4.12 | 8.14 | 30.79 | 0.26 | 0.0 | 8.33 | 23.58 | 1.33 | 11.75 | 38.33 | -8.91 | -41.14 | 80.53 | 1.65 | -5.55 | 19.73 | -3.62 | 33.9 | 18.91 | -2.88 | 1.29 |
| 24Q1 (18) | 3.91 | -15.73 | 9.52 | 21.66 | 2.46 | -2.83 | 15.07 | 3.93 | -9.33 | 18.96 | 10.68 | 14.42 | 14.61 | -9.37 | 13.87 | 5.17 | -16.07 | -5.31 | 3.81 | -16.45 | 16.51 | 0.26 | -7.14 | 8.33 | 23.27 | 7.28 | 8.43 | 42.08 | 22.75 | -50.9 | 79.23 | -6.42 | -21.03 | 20.47 | 33.5 | 6324.33 | 19.47 | 14.13 | 3.73 |
| 23Q4 (17) | 4.64 | 14.85 | 1.09 | 21.14 | -0.75 | 3.78 | 14.50 | -1.89 | 3.5 | 17.13 | -12.82 | 21.83 | 16.12 | 4.13 | 21.84 | 6.16 | 8.64 | -10.33 | 4.56 | 19.69 | 12.04 | 0.28 | 16.67 | -3.45 | 21.69 | -11.03 | 20.3 | 34.28 | -19.68 | -53.29 | 84.66 | 12.44 | -14.81 | 15.34 | -37.92 | 4823.31 | 17.06 | -9.93 | -5.75 |
| 23Q3 (16) | 4.04 | 20.6 | 0.75 | 21.30 | 11.87 | 6.93 | 14.78 | 9.24 | 2.71 | 19.65 | 23.97 | 23.74 | 15.48 | 25.75 | 22.66 | 5.67 | 11.61 | -12.36 | 3.81 | 20.95 | 9.17 | 0.24 | 0.0 | -7.69 | 24.38 | 15.55 | 21.41 | 42.68 | -34.46 | -47.98 | 75.29 | -11.69 | -16.93 | 24.71 | 67.65 | 163.8 | 18.94 | 1.45 | 2.1 |
| 23Q2 (15) | 3.35 | -6.16 | 10.93 | 19.04 | -14.58 | 0.79 | 13.53 | -18.59 | 1.05 | 15.85 | -4.35 | 19.44 | 12.31 | -4.05 | 17.57 | 5.08 | -6.96 | -7.8 | 3.15 | -3.67 | 13.31 | 0.24 | 0.0 | -7.69 | 21.10 | -1.68 | 21.13 | 65.12 | -24.02 | -39.61 | 85.26 | -15.02 | -15.41 | 14.74 | 4580.0 | 1942.11 | 18.67 | -0.53 | 4.65 |
| 23Q1 (14) | 3.57 | -22.22 | 33.21 | 22.29 | 9.43 | 23.35 | 16.62 | 18.63 | 34.03 | 16.57 | 17.85 | 32.14 | 12.83 | -3.02 | 31.86 | 5.46 | -20.52 | 5.0 | 3.27 | -19.66 | 22.93 | 0.24 | -17.24 | -11.11 | 21.46 | 19.02 | 31.74 | 85.71 | 16.79 | -17.72 | 100.33 | 0.96 | 1.68 | -0.33 | -205.59 | -124.67 | 18.77 | 3.7 | 8.06 |
| 22Q4 (13) | 4.59 | 14.46 | 120.67 | 20.37 | 2.26 | 21.76 | 14.01 | -2.64 | 45.94 | 14.06 | -11.46 | 54.68 | 13.23 | 4.83 | 55.46 | 6.87 | 6.18 | 68.8 | 4.07 | 16.62 | 88.43 | 0.29 | 11.54 | 20.83 | 18.03 | -10.21 | 46.47 | 73.39 | -10.55 | -25.44 | 99.38 | 9.65 | -6.55 | 0.31 | -96.67 | 105.53 | 18.10 | -2.43 | -10.75 |
| 22Q3 (12) | 4.01 | 32.78 | 122.78 | 19.92 | 5.45 | 26.08 | 14.39 | 7.47 | 54.56 | 15.88 | 19.67 | 48.83 | 12.62 | 20.53 | 47.26 | 6.47 | 17.42 | 73.92 | 3.49 | 25.54 | 76.26 | 0.26 | 0.0 | 18.18 | 20.08 | 15.27 | 43.84 | 82.05 | -23.91 | -12.21 | 90.63 | -10.08 | 4.09 | 9.37 | 1270.69 | -27.54 | 18.55 | 3.98 | -17.15 |
| 22Q2 (11) | 3.02 | 12.69 | 1.68 | 18.89 | 4.54 | -3.52 | 13.39 | 7.98 | -0.37 | 13.27 | 5.82 | -19.13 | 10.47 | 7.61 | -21.51 | 5.51 | 5.96 | -14.17 | 2.78 | 4.51 | -19.19 | 0.26 | -3.7 | 4.0 | 17.42 | 6.94 | -9.93 | 107.83 | 3.51 | 14.77 | 100.80 | 2.16 | 22.8 | -0.80 | -160.0 | -104.47 | 17.84 | 2.71 | -12.76 |
| 22Q1 (10) | 2.68 | 28.85 | -0.37 | 18.07 | 8.01 | -19.29 | 12.40 | 29.17 | -21.37 | 12.54 | 37.95 | -26.37 | 9.73 | 14.34 | -27.55 | 5.20 | 27.76 | -11.26 | 2.66 | 23.15 | -19.88 | 0.27 | 12.5 | 12.5 | 16.29 | 32.33 | -20.19 | 104.17 | 5.83 | 20.83 | 98.67 | -7.21 | 6.26 | 1.33 | 123.67 | -82.43 | 17.37 | -14.35 | -20.47 |
| 21Q4 (9) | 2.08 | 15.56 | -41.41 | 16.73 | 5.89 | -32.59 | 9.60 | 3.11 | -48.88 | 9.09 | -14.81 | -60.58 | 8.51 | -0.7 | -52.32 | 4.07 | 9.41 | -47.89 | 2.16 | 9.09 | -54.14 | 0.24 | 9.09 | -7.69 | 12.31 | -11.82 | -53.6 | 98.43 | 5.32 | 36.84 | 106.34 | 22.12 | 30.55 | -5.63 | -143.59 | -130.38 | 20.28 | -9.42 | -1.7 |
| 21Q3 (8) | 1.80 | -39.39 | -28.85 | 15.80 | -19.31 | -23.71 | 9.31 | -30.73 | -36.92 | 10.67 | -34.98 | -35.99 | 8.57 | -35.76 | -32.84 | 3.72 | -42.06 | -36.19 | 1.98 | -42.44 | -44.85 | 0.22 | -12.0 | -21.43 | 13.96 | -27.82 | -30.72 | 93.46 | -0.52 | 46.56 | 87.07 | 6.08 | -2.1 | 12.93 | -27.86 | 12.19 | 22.39 | 9.49 | 6.87 |
| 21Q2 (7) | 2.97 | 10.41 | 1550.0 | 19.58 | -12.55 | 112.6 | 13.44 | -14.77 | 700.0 | 16.41 | -3.64 | 626.11 | 13.34 | -0.67 | 795.3 | 6.42 | 9.56 | 1465.85 | 3.44 | 3.61 | 975.0 | 0.25 | 4.17 | 56.25 | 19.34 | -5.24 | 140.25 | 93.95 | 8.98 | 39.33 | 82.08 | -11.6 | 13.65 | 17.92 | 136.08 | -35.5 | 20.45 | -6.36 | -20.46 |
| 21Q1 (6) | 2.69 | -24.23 | 25.12 | 22.39 | -9.79 | 17.72 | 15.77 | -16.03 | 21.96 | 17.03 | -26.15 | 18.26 | 13.43 | -24.76 | 19.7 | 5.86 | -24.97 | 22.59 | 3.32 | -29.51 | 8.85 | 0.24 | -7.69 | -7.69 | 20.41 | -23.07 | 13.58 | 86.21 | 19.85 | 24.71 | 92.86 | 14.0 | 3.68 | 7.59 | -59.07 | -27.3 | 21.84 | 5.87 | 4.15 |
| 20Q4 (5) | 3.55 | 40.32 | 42.0 | 24.82 | 19.85 | 47.13 | 18.78 | 27.24 | 70.88 | 23.06 | 38.33 | 66.62 | 17.85 | 39.89 | 37.94 | 7.81 | 33.96 | 43.83 | 4.71 | 31.2 | 29.75 | 0.26 | -7.14 | -3.7 | 26.53 | 31.66 | 51.43 | 71.93 | 12.8 | 32.42 | 81.46 | -8.41 | 2.4 | 18.54 | 60.95 | -9.35 | 20.63 | -1.53 | -3.96 |
| 20Q3 (4) | 2.53 | 1305.56 | 0.0 | 20.71 | 124.86 | 0.0 | 14.76 | 778.57 | 0.0 | 16.67 | 637.61 | 0.0 | 12.76 | 756.38 | 0.0 | 5.83 | 1321.95 | 0.0 | 3.59 | 1021.88 | 0.0 | 0.28 | 75.0 | 0.0 | 20.15 | 150.31 | 0.0 | 63.77 | -5.43 | 0.0 | 88.94 | 23.15 | 0.0 | 11.52 | -58.53 | 0.0 | 20.95 | -18.51 | 0.0 |
| 20Q2 (3) | 0.18 | -91.63 | 0.0 | 9.21 | -51.58 | 0.0 | 1.68 | -87.01 | 0.0 | 2.26 | -84.31 | 0.0 | 1.49 | -86.72 | 0.0 | 0.41 | -91.42 | 0.0 | 0.32 | -89.51 | 0.0 | 0.16 | -38.46 | 0.0 | 8.05 | -55.2 | 0.0 | 67.43 | -2.46 | 0.0 | 72.22 | -19.36 | 0.0 | 27.78 | 166.08 | 0.0 | 25.71 | 22.6 | 0.0 |
| 20Q1 (2) | 2.15 | -14.0 | 0.0 | 19.02 | 12.74 | 0.0 | 12.93 | 17.65 | 0.0 | 14.40 | 4.05 | 0.0 | 11.22 | -13.29 | 0.0 | 4.78 | -11.97 | 0.0 | 3.05 | -15.98 | 0.0 | 0.26 | -3.7 | 0.0 | 17.97 | 2.57 | 0.0 | 69.13 | 27.26 | 0.0 | 89.56 | 12.59 | 0.0 | 10.44 | -48.96 | 0.0 | 20.97 | -2.37 | 0.0 |
| 19Q4 (1) | 2.50 | 0.0 | 0.0 | 16.87 | 0.0 | 0.0 | 10.99 | 0.0 | 0.0 | 13.84 | 0.0 | 0.0 | 12.94 | 0.0 | 0.0 | 5.43 | 0.0 | 0.0 | 3.63 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 17.52 | 0.0 | 0.0 | 54.32 | 0.0 | 0.0 | 79.55 | 0.0 | 0.0 | 20.45 | 0.0 | 0.0 | 21.48 | 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) | 15.60 | 9.17 | 20.95 | 7.99 | 14.86 | 9.26 | 3.92 | 17.61 | 17.27 | 23.27 | 14.19 | 21.8 | 21.77 | -9.44 | 14.99 | 9.9 | 1.00 | -10.71 | 22.13 | 22.74 | 34.28 | -53.29 | 86.06 | -11.35 | 13.94 | 375.79 | 0.10 | 99.69 | 18.34 | 1.95 |
| 2022 (9) | 14.29 | 49.95 | 19.40 | 4.64 | 13.60 | 14.0 | 3.33 | 19.27 | 14.01 | 6.38 | 11.65 | 6.98 | 24.04 | 23.6 | 13.64 | 27.0 | 1.12 | 16.67 | 18.03 | 10.01 | 73.39 | -25.44 | 97.07 | 7.16 | 2.93 | -68.88 | 0.05 | -31.23 | 17.99 | -15.1 |
| 2021 (8) | 9.53 | 13.45 | 18.54 | -4.78 | 11.93 | -9.55 | 2.80 | -18.08 | 13.17 | -14.59 | 10.89 | -8.26 | 19.45 | 8.0 | 10.74 | -5.12 | 0.96 | 3.23 | 16.39 | -15.17 | 98.43 | 36.84 | 90.58 | 5.9 | 9.42 | -34.9 | 0.08 | -33.6 | 21.19 | -2.22 |
| 2020 (7) | 8.40 | -11.58 | 19.47 | 10.31 | 13.19 | 6.46 | 3.41 | 8.94 | 15.42 | 7.08 | 11.87 | -0.67 | 18.01 | -14.24 | 11.32 | -20.23 | 0.93 | -20.51 | 19.32 | 8.17 | 71.93 | 32.42 | 85.54 | -0.47 | 14.46 | 2.89 | 0.11 | -51.04 | 21.67 | 7.76 |
| 2019 (6) | 9.50 | 13.77 | 17.65 | 0.86 | 12.39 | 1.89 | 3.13 | 22.5 | 14.40 | -5.88 | 11.95 | 0.25 | 21.00 | 4.22 | 14.19 | -3.01 | 1.17 | -4.1 | 17.86 | -0.94 | 54.32 | 17.91 | 85.94 | 8.15 | 14.06 | -31.55 | 0.23 | -18.45 | 20.11 | 0.95 |
| 2018 (5) | 8.35 | 19.46 | 17.50 | -2.18 | 12.16 | -0.25 | 2.56 | -22.48 | 15.30 | 3.24 | 11.92 | 5.3 | 20.15 | 12.89 | 14.63 | 5.4 | 1.22 | 0.0 | 18.03 | -0.88 | 46.07 | 52.9 | 79.46 | -3.36 | 20.54 | 15.55 | 0.28 | 0 | 19.92 | 3.53 |
| 2017 (4) | 6.99 | -3.59 | 17.89 | -0.45 | 12.19 | -1.06 | 3.30 | -10.78 | 14.82 | -3.83 | 11.32 | -0.09 | 17.85 | -3.93 | 13.88 | -4.14 | 1.22 | -4.69 | 18.19 | -5.31 | 30.13 | 10.12 | 82.23 | 2.9 | 17.77 | -11.54 | 0.00 | 0 | 19.24 | 3.55 |
| 2016 (3) | 7.25 | -3.33 | 17.97 | -9.1 | 12.32 | -6.6 | 3.70 | -8.52 | 15.41 | -5.17 | 11.33 | -6.21 | 18.58 | -10.5 | 14.48 | -7.83 | 1.28 | -1.54 | 19.21 | -5.88 | 27.36 | -7.6 | 79.91 | -1.67 | 20.09 | 6.35 | 0.00 | 0 | 18.58 | 5.63 |
| 2015 (2) | 7.50 | 29.98 | 19.77 | 22.57 | 13.19 | 34.32 | 4.04 | -3.43 | 16.25 | 35.42 | 12.08 | 33.33 | 20.76 | 10.13 | 15.71 | 15.18 | 1.30 | -13.33 | 20.41 | 25.29 | 29.61 | -16.97 | 81.26 | -0.66 | 18.89 | 3.8 | 0.00 | 0 | 17.59 | 6.74 |
| 2014 (1) | 5.77 | 3.04 | 16.13 | 0 | 9.82 | 0 | 4.19 | 0.97 | 12.00 | 0 | 9.06 | 0 | 18.85 | 0 | 13.64 | 0 | 1.50 | -9.09 | 16.29 | -1.21 | 35.66 | -17.05 | 81.80 | 1.88 | 18.20 | -7.68 | 0.00 | 0 | 16.48 | 3.58 |
