- 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) | 2.54 | 22.12 | 100.0 | 47.82 | 17.44 | 32.98 | 29.94 | 30.29 | 81.34 | 30.26 | 20.7 | 65.45 | 23.45 | 21.57 | 70.92 | 3.87 | 18.35 | 83.41 | 2.57 | 17.35 | 83.57 | 0.11 | 0.0 | 10.0 | 38.14 | 14.84 | 41.57 | 55.68 | 0.67 | -2.25 | 99.03 | 7.92 | 9.86 | 0.97 | -88.24 | -90.18 | 15.60 | 5.33 | -0.64 |
| 24Q2 (19) | 2.08 | 71.9 | 19.54 | 40.72 | 9.64 | 3.48 | 22.98 | 41.68 | -0.3 | 25.07 | 32.58 | -4.71 | 19.29 | 39.99 | 8.37 | 3.27 | 66.84 | 11.6 | 2.19 | 64.66 | 17.11 | 0.11 | 22.22 | 10.0 | 33.21 | 16.94 | -3.79 | 55.31 | 0.38 | -9.21 | 91.76 | 6.63 | 4.64 | 8.24 | -42.9 | -33.09 | 14.81 | -11.26 | 10.69 |
| 24Q1 (18) | 1.21 | 28.72 | -37.63 | 37.14 | -1.69 | -11.61 | 16.22 | 17.54 | -31.79 | 18.91 | 26.74 | -24.6 | 13.78 | 19.1 | -25.99 | 1.96 | 26.45 | -39.69 | 1.33 | 25.47 | -34.8 | 0.09 | 12.5 | -18.18 | 28.40 | 12.7 | -12.4 | 55.10 | -4.8 | -14.2 | 86.06 | -7.23 | -9.25 | 14.42 | 99.3 | 179.13 | 16.69 | -14.32 | 9.66 |
| 23Q4 (17) | 0.94 | -25.98 | -60.0 | 37.78 | 5.06 | -19.82 | 13.80 | -16.41 | -49.54 | 14.92 | -18.43 | -45.67 | 11.57 | -15.67 | -45.45 | 1.55 | -26.54 | -60.46 | 1.06 | -24.29 | -55.65 | 0.08 | -20.0 | -27.27 | 25.20 | -6.46 | -26.96 | 57.88 | 1.62 | -11.51 | 92.76 | 2.91 | -6.75 | 7.24 | -26.6 | 1289.47 | 19.48 | 24.08 | 14.79 |
| 23Q3 (16) | 1.27 | -27.01 | -73.6 | 35.96 | -8.61 | -25.86 | 16.51 | -28.37 | -53.3 | 18.29 | -30.48 | -53.65 | 13.72 | -22.92 | -56.64 | 2.11 | -27.99 | -74.33 | 1.40 | -25.13 | -71.31 | 0.10 | 0.0 | -33.33 | 26.94 | -21.96 | -39.38 | 56.96 | -6.5 | -19.08 | 90.14 | 2.79 | 0.51 | 9.86 | -19.89 | -5.65 | 15.70 | 17.34 | 21.42 |
| 23Q2 (15) | 1.74 | -10.31 | -57.87 | 39.35 | -6.35 | -19.25 | 23.05 | -3.07 | -32.56 | 26.31 | 4.9 | -27.48 | 17.80 | -4.4 | -35.34 | 2.93 | -9.85 | -60.03 | 1.87 | -8.33 | -56.91 | 0.10 | -9.09 | -37.5 | 34.52 | 6.48 | -16.64 | 60.92 | -5.14 | -12.18 | 87.69 | -7.53 | -6.88 | 12.31 | 138.19 | 111.08 | 13.38 | -12.09 | 9.58 |
| 23Q1 (14) | 1.94 | -17.45 | -51.01 | 42.02 | -10.82 | -9.91 | 23.78 | -13.05 | -28.33 | 25.08 | -8.67 | -25.84 | 18.62 | -12.21 | -28.63 | 3.25 | -17.09 | -55.72 | 2.04 | -14.64 | -52.45 | 0.11 | 0.0 | -31.25 | 32.42 | -6.03 | -16.27 | 64.22 | -1.82 | -8.86 | 94.83 | -4.67 | -3.37 | 5.17 | 892.1 | 178.17 | 15.22 | -10.31 | 15.65 |
| 22Q4 (13) | 2.35 | -51.14 | -42.82 | 47.12 | -2.85 | 3.97 | 27.35 | -22.63 | -16.67 | 27.46 | -30.41 | -13.29 | 21.21 | -32.96 | -15.46 | 3.92 | -52.31 | -51.55 | 2.39 | -51.02 | -48.38 | 0.11 | -26.67 | -38.89 | 34.50 | -22.37 | -4.46 | 65.41 | -7.07 | -12.57 | 99.48 | 10.92 | -4.04 | 0.52 | -95.02 | 114.19 | 16.97 | 31.25 | 26.74 |
| 22Q3 (12) | 4.81 | 16.46 | 19.35 | 48.50 | -0.47 | 2.75 | 35.35 | 3.42 | 6.06 | 39.46 | 8.77 | 14.18 | 31.64 | 14.93 | 16.8 | 8.22 | 12.14 | 2.11 | 4.88 | 12.44 | 6.32 | 0.15 | -6.25 | -11.76 | 44.44 | 7.32 | 12.53 | 70.39 | 1.47 | -9.42 | 89.68 | -4.76 | -7.02 | 10.45 | 79.21 | 194.41 | 12.93 | 5.9 | -5.48 |
| 22Q2 (11) | 4.13 | 4.29 | 8.97 | 48.73 | 4.48 | 6.98 | 34.18 | 3.01 | 5.59 | 36.28 | 7.27 | 11.43 | 27.53 | 5.52 | 15.58 | 7.33 | -0.14 | 1.24 | 4.34 | 1.17 | -0.46 | 0.16 | 0.0 | -11.11 | 41.41 | 6.95 | 11.98 | 69.37 | -1.55 | -8.27 | 94.17 | -4.05 | -5.25 | 5.83 | 213.9 | 851.9 | 12.21 | -7.22 | -9.96 |
| 22Q1 (10) | 3.96 | -3.65 | -1.0 | 46.64 | 2.91 | -1.52 | 33.18 | 1.1 | -4.05 | 33.82 | 6.79 | -5.45 | 26.09 | 3.99 | -6.55 | 7.34 | -9.27 | -3.67 | 4.29 | -7.34 | -9.11 | 0.16 | -11.11 | -5.88 | 38.72 | 7.23 | -5.49 | 70.46 | -5.81 | 19.0 | 98.14 | -5.33 | 1.44 | 1.86 | 150.62 | -42.86 | 13.16 | -1.72 | -3.45 |
| 21Q4 (9) | 4.11 | 1.99 | 15.45 | 45.32 | -3.98 | 0.47 | 32.82 | -1.53 | 1.89 | 31.67 | -8.36 | 0.8 | 25.09 | -7.38 | 3.25 | 8.09 | 0.5 | 9.47 | 4.63 | 0.87 | 7.42 | 0.18 | 5.88 | 0.0 | 36.11 | -8.56 | -1.37 | 74.81 | -3.73 | 12.51 | 103.67 | 7.48 | 1.23 | -3.67 | -203.39 | -41.9 | 13.39 | -2.12 | -2.83 |
| 21Q3 (8) | 4.03 | 6.33 | 8.92 | 47.20 | 3.62 | 2.01 | 33.33 | 2.97 | -1.33 | 34.56 | 6.14 | 4.28 | 27.09 | 13.73 | 5.86 | 8.05 | 11.19 | -6.07 | 4.59 | 5.28 | -0.65 | 0.17 | -5.56 | -5.56 | 39.49 | 6.79 | 3.16 | 77.71 | 2.76 | -4.78 | 96.45 | -2.95 | -5.27 | 3.55 | 479.44 | 278.65 | 13.68 | 0.88 | 11.13 |
| 21Q2 (7) | 3.79 | -5.25 | 24.67 | 45.55 | -3.82 | -9.05 | 32.37 | -6.39 | -11.0 | 32.56 | -8.97 | -11.64 | 23.82 | -14.68 | -14.29 | 7.24 | -4.99 | 0.0 | 4.36 | -7.63 | 12.08 | 0.18 | 5.88 | 28.57 | 36.98 | -9.74 | -15.07 | 75.62 | 27.71 | -20.23 | 99.39 | 2.73 | 0.78 | 0.61 | -81.16 | -55.55 | 13.56 | -0.51 | 0 |
| 21Q1 (6) | 4.00 | 12.36 | 132.56 | 47.36 | 4.99 | 13.22 | 34.58 | 7.36 | 42.48 | 35.77 | 13.84 | 34.78 | 27.92 | 14.9 | 39.6 | 7.62 | 3.11 | 87.68 | 4.72 | 9.51 | 109.78 | 0.17 | -5.56 | 54.55 | 40.97 | 11.91 | 14.09 | 59.21 | -10.95 | -28.28 | 96.75 | -5.53 | 5.54 | 3.25 | 225.7 | -62.55 | 13.63 | -1.09 | -10.97 |
| 20Q4 (5) | 3.56 | -3.78 | 78.89 | 45.11 | -2.51 | 19.5 | 32.21 | -4.65 | 57.58 | 31.42 | -5.19 | 60.96 | 24.30 | -5.04 | 31.28 | 7.39 | -13.77 | 53.0 | 4.31 | -6.71 | 67.7 | 0.18 | 0.0 | 38.46 | 36.61 | -4.36 | 37.22 | 66.49 | -18.53 | -25.05 | 102.41 | 0.58 | -2.39 | -2.59 | -30.17 | 47.48 | 13.78 | 11.94 | -21.35 |
| 20Q3 (4) | 3.70 | 21.71 | 0.0 | 46.27 | -7.61 | 0.0 | 33.78 | -7.12 | 0.0 | 33.14 | -10.07 | 0.0 | 25.59 | -7.92 | 0.0 | 8.57 | 18.37 | 0.0 | 4.62 | 18.77 | 0.0 | 0.18 | 28.57 | 0.0 | 38.28 | -12.08 | 0.0 | 81.61 | -13.91 | 0.0 | 101.82 | 3.24 | 0.0 | -1.99 | -244.18 | 0.0 | 12.31 | 0 | 0.0 |
| 20Q2 (3) | 3.04 | 76.74 | 0.0 | 50.08 | 19.72 | 0.0 | 36.37 | 49.86 | 0.0 | 36.85 | 38.85 | 0.0 | 27.79 | 38.95 | 0.0 | 7.24 | 78.33 | 0.0 | 3.89 | 72.89 | 0.0 | 0.14 | 27.27 | 0.0 | 43.54 | 21.25 | 0.0 | 94.80 | 14.83 | 0.0 | 98.62 | 7.59 | 0.0 | 1.38 | -84.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.72 | -13.57 | 0.0 | 41.83 | 10.81 | 0.0 | 24.27 | 18.74 | 0.0 | 26.54 | 35.96 | 0.0 | 20.00 | 8.05 | 0.0 | 4.06 | -15.94 | 0.0 | 2.25 | -12.45 | 0.0 | 0.11 | -15.38 | 0.0 | 35.91 | 34.6 | 0.0 | 82.56 | -6.93 | 0.0 | 91.67 | -12.64 | 0.0 | 8.68 | 276.28 | 0.0 | 15.31 | -12.61 | 0.0 |
| 19Q4 (1) | 1.99 | 0.0 | 0.0 | 37.75 | 0.0 | 0.0 | 20.44 | 0.0 | 0.0 | 19.52 | 0.0 | 0.0 | 18.51 | 0.0 | 0.0 | 4.83 | 0.0 | 0.0 | 2.57 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 26.68 | 0.0 | 0.0 | 88.71 | 0.0 | 0.0 | 104.92 | 0.0 | 0.0 | -4.92 | 0.0 | 0.0 | 17.52 | 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) | 5.89 | -61.4 | 38.92 | -18.56 | 19.65 | -40.24 | 7.15 | 54.56 | 21.54 | -38.0 | 15.68 | -41.95 | 9.78 | -64.22 | 6.33 | -61.07 | 0.39 | -35.0 | 30.06 | -25.15 | 57.88 | -11.51 | 91.27 | -3.59 | 8.73 | 63.56 | 12.22 | 1.65 | 15.78 | 16.11 |
| 2022 (9) | 15.26 | -4.27 | 47.79 | 3.2 | 32.88 | -1.08 | 4.62 | 18.66 | 34.74 | 3.52 | 27.01 | 4.25 | 27.33 | -11.9 | 16.26 | -11.2 | 0.60 | -14.29 | 40.16 | 4.91 | 65.41 | -12.57 | 94.66 | -4.42 | 5.34 | 455.55 | 12.02 | -9.43 | 13.59 | 0.22 |
| 2021 (8) | 15.94 | 32.61 | 46.31 | 0.7 | 33.24 | 3.23 | 3.90 | -20.39 | 33.56 | 3.93 | 25.91 | 4.86 | 31.02 | 19.63 | 18.31 | 22.8 | 0.70 | 18.64 | 38.28 | -0.73 | 74.81 | 12.51 | 99.04 | -0.71 | 0.96 | 280.43 | 13.27 | -9.47 | 13.56 | 1.35 |
| 2020 (7) | 12.02 | 50.25 | 45.99 | 12.42 | 32.20 | 34.62 | 4.89 | -12.18 | 32.29 | 30.83 | 24.71 | 28.5 | 25.93 | 33.18 | 14.91 | 45.04 | 0.59 | 13.46 | 38.56 | 20.76 | 66.49 | -25.05 | 99.75 | 2.85 | 0.25 | -91.62 | 14.66 | -9.45 | 13.38 | -17.76 |
| 2019 (6) | 8.00 | 6.38 | 40.91 | -3.29 | 23.92 | -1.32 | 5.57 | 20.95 | 24.68 | -0.84 | 19.23 | 2.61 | 19.47 | 1.3 | 10.28 | 6.31 | 0.52 | 4.0 | 31.93 | -0.09 | 88.71 | -12.05 | 96.98 | -0.41 | 3.02 | 15.07 | 16.19 | 20.31 | 16.27 | -4.01 |
| 2018 (5) | 7.52 | -13.46 | 42.30 | 0.67 | 24.24 | -7.23 | 4.61 | 19.35 | 24.89 | -2.35 | 18.74 | -9.25 | 19.22 | -16.94 | 9.67 | -15.84 | 0.50 | -7.41 | 31.96 | 1.59 | 100.86 | -8.58 | 97.38 | -5.06 | 2.62 | 0 | 13.46 | 0 | 16.95 | 8.03 |
| 2017 (4) | 8.69 | 21.71 | 42.02 | -5.91 | 26.13 | -4.11 | 3.86 | -3.17 | 25.49 | -4.82 | 20.65 | -3.28 | 23.14 | 11.2 | 11.49 | 0.17 | 0.54 | 3.85 | 31.46 | -7.36 | 110.32 | 7.41 | 102.56 | 0.78 | -2.49 | 0 | 0.00 | 0 | 15.69 | 9.87 |
| 2016 (3) | 7.14 | 14.79 | 44.66 | 16.12 | 27.25 | 21.22 | 3.99 | 24.56 | 26.78 | 3.64 | 21.35 | 2.94 | 20.81 | -6.77 | 11.47 | -16.15 | 0.52 | -18.75 | 33.96 | 6.79 | 102.71 | 38.93 | 101.77 | 16.92 | -1.77 | 0 | 0.00 | 0 | 14.28 | 9.51 |
| 2015 (2) | 6.22 | 44.32 | 38.46 | 12.72 | 22.48 | 16.3 | 3.20 | 32.82 | 25.84 | 29.65 | 20.74 | 24.79 | 22.32 | -9.16 | 13.68 | -11.0 | 0.64 | -29.67 | 31.80 | 28.85 | 73.93 | 34.61 | 87.04 | -10.2 | 12.96 | 322.3 | 0.00 | 0 | 13.04 | 3.16 |
| 2014 (1) | 4.31 | 14.63 | 34.12 | 0 | 19.33 | 0 | 2.41 | -4.87 | 19.93 | 0 | 16.62 | 0 | 24.57 | 0 | 15.37 | 0 | 0.91 | 1.11 | 24.68 | 3.48 | 54.92 | -24.76 | 96.93 | -3.07 | 3.07 | 0 | 0.00 | 0 | 12.64 | 6.76 |
