- 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) | 5.06 | -23.1 | 23.11 | 22.75 | -2.61 | 18.8 | 15.02 | -8.36 | 20.93 | 16.48 | -6.1 | 17.21 | 12.39 | -1.82 | 19.36 | 6.31 | -10.88 | 14.73 | 3.21 | -5.31 | 25.88 | 0.26 | -3.7 | 8.33 | 17.23 | -5.59 | 15.87 | 90.46 | -14.61 | -16.67 | 91.16 | -2.37 | 3.2 | 8.84 | 33.46 | -24.21 | 10.28 | 3.73 | -12.06 |
| 24Q2 (19) | 6.58 | 90.72 | 48.87 | 23.36 | 12.47 | 10.92 | 16.39 | 28.85 | 2.37 | 17.55 | 19.47 | 3.72 | 12.62 | 17.72 | 5.17 | 7.08 | 56.98 | 2.46 | 3.39 | 58.41 | 13.76 | 0.27 | 35.0 | 8.0 | 18.25 | 16.61 | 3.05 | 105.94 | -7.37 | -17.73 | 93.38 | 7.85 | -1.24 | 6.62 | -50.64 | 23.65 | 9.91 | -21.97 | -3.88 |
| 24Q1 (18) | 3.45 | 22.78 | -8.0 | 20.77 | 12.09 | 4.79 | 12.72 | 16.06 | -0.24 | 14.69 | 28.18 | 7.07 | 10.72 | 21.82 | 3.38 | 4.51 | 0.45 | -16.33 | 2.14 | -1.38 | -4.04 | 0.20 | -16.67 | -4.76 | 15.65 | 27.55 | 6.97 | 114.37 | 3.19 | -17.6 | 86.58 | -9.48 | -6.84 | 13.42 | 199.5 | 90.06 | 12.70 | 18.47 | 22.12 |
| 23Q4 (17) | 2.81 | -31.63 | -43.8 | 18.53 | -3.24 | -1.33 | 10.96 | -11.76 | -11.33 | 11.46 | -18.49 | -6.22 | 8.80 | -15.22 | -2.11 | 4.49 | -18.36 | -34.26 | 2.17 | -14.9 | -19.03 | 0.24 | 0.0 | -20.0 | 12.27 | -17.48 | -4.29 | 110.83 | 2.1 | -26.66 | 95.65 | 8.28 | -5.41 | 4.48 | -61.59 | 499.5 | 10.72 | -8.3 | 25.23 |
| 23Q3 (16) | 4.11 | -7.01 | -26.21 | 19.15 | -9.07 | 22.99 | 12.42 | -22.42 | 10.3 | 14.06 | -16.9 | 12.66 | 10.38 | -13.5 | 9.03 | 5.50 | -20.41 | -39.23 | 2.55 | -14.43 | -22.26 | 0.24 | -4.0 | -29.41 | 14.87 | -16.04 | 14.03 | 108.55 | -15.7 | -33.76 | 88.34 | -6.57 | -2.07 | 11.66 | 117.74 | 19.01 | 11.69 | 13.39 | 44.5 |
| 23Q2 (15) | 4.42 | 17.87 | -31.15 | 21.06 | 6.26 | 31.95 | 16.01 | 25.57 | 40.32 | 16.92 | 23.32 | 53.82 | 12.00 | 15.72 | 57.69 | 6.91 | 28.2 | -2.12 | 2.98 | 33.63 | 22.63 | 0.25 | 19.05 | -19.35 | 17.71 | 21.05 | 51.89 | 128.77 | -7.23 | -35.56 | 94.55 | 1.73 | -8.87 | 5.36 | -24.13 | 242.81 | 10.31 | -0.87 | 23.03 |
| 23Q1 (14) | 3.75 | -25.0 | -39.12 | 19.82 | 5.54 | 14.37 | 12.75 | 3.16 | 5.9 | 13.72 | 12.27 | 8.29 | 10.37 | 15.35 | 14.21 | 5.39 | -21.08 | -21.43 | 2.23 | -16.79 | -12.55 | 0.21 | -30.0 | -25.0 | 14.63 | 14.12 | 9.1 | 138.80 | -8.15 | -26.78 | 92.94 | -8.09 | -2.16 | 7.06 | 729.52 | 40.97 | 10.40 | 21.5 | 11.95 |
| 22Q4 (13) | 5.00 | -10.23 | -22.24 | 18.78 | 20.62 | 12.66 | 12.36 | 9.77 | 17.49 | 12.22 | -2.08 | 9.4 | 8.99 | -5.57 | 9.63 | 6.83 | -24.53 | -5.14 | 2.68 | -18.29 | -4.96 | 0.30 | -11.76 | -11.76 | 12.82 | -1.69 | 6.83 | 151.11 | -7.79 | -3.36 | 101.12 | 12.11 | 7.35 | -1.12 | -111.44 | -119.31 | 8.56 | 5.81 | 4.39 |
| 22Q3 (12) | 5.57 | -13.24 | -2.45 | 15.57 | -2.44 | -9.27 | 11.26 | -1.31 | -3.76 | 12.48 | 13.45 | 6.48 | 9.52 | 25.1 | 18.11 | 9.05 | 28.19 | 46.68 | 3.28 | 34.98 | 39.57 | 0.34 | 9.68 | 17.24 | 13.04 | 11.84 | 4.82 | 163.88 | -17.99 | 3.02 | 90.20 | -13.06 | -9.65 | 9.80 | 361.29 | 5680.98 | 8.09 | -3.46 | -10.21 |
| 22Q2 (11) | 6.42 | 4.22 | 10.5 | 15.96 | -7.91 | -1.72 | 11.41 | -5.23 | 2.33 | 11.00 | -13.18 | 1.85 | 7.61 | -16.19 | -3.43 | 7.06 | 2.92 | 2.47 | 2.43 | -4.71 | -4.71 | 0.31 | 10.71 | -3.13 | 11.66 | -13.05 | 2.19 | 199.84 | 5.42 | 15.42 | 103.75 | 9.22 | 0.5 | -3.75 | -174.89 | -16.05 | 8.38 | -9.8 | 2.2 |
| 22Q1 (10) | 6.16 | -4.2 | 96.81 | 17.33 | 3.96 | 22.13 | 12.04 | 14.45 | 46.12 | 12.67 | 13.43 | 45.13 | 9.08 | 10.73 | 52.09 | 6.86 | -4.72 | 98.27 | 2.55 | -9.57 | 86.13 | 0.28 | -17.65 | 21.74 | 13.41 | 11.75 | 41.46 | 189.57 | 21.24 | 9.12 | 94.99 | 0.85 | 0.47 | 5.01 | -13.75 | -13.21 | 9.29 | 13.29 | -7.47 |
| 21Q4 (9) | 6.43 | 12.61 | 27.33 | 16.67 | -2.86 | -18.76 | 10.52 | -10.09 | -25.39 | 11.17 | -4.69 | -15.31 | 8.20 | 1.74 | -6.82 | 7.20 | 16.69 | 28.8 | 2.82 | 20.0 | 19.49 | 0.34 | 17.24 | 25.93 | 12.00 | -3.54 | -13.73 | 156.36 | -1.71 | 11.65 | 94.19 | -5.65 | -11.91 | 5.81 | 3325.25 | 183.84 | 8.20 | -8.99 | -6.61 |
| 21Q3 (8) | 5.71 | -1.72 | 64.08 | 17.16 | 5.67 | 10.35 | 11.70 | 4.93 | 23.55 | 11.72 | 8.52 | 30.08 | 8.06 | 2.28 | 13.84 | 6.17 | -10.45 | 39.59 | 2.35 | -7.84 | 29.83 | 0.29 | -9.38 | 16.0 | 12.44 | 9.03 | 28.12 | 159.08 | -8.12 | 15.66 | 99.83 | -3.29 | -4.94 | 0.17 | 105.25 | 103.17 | 9.01 | 9.88 | -7.68 |
| 21Q2 (7) | 5.81 | 85.62 | 8.4 | 16.24 | 14.45 | -14.03 | 11.15 | 35.32 | -15.72 | 10.80 | 23.71 | -22.13 | 7.88 | 31.99 | -18.26 | 6.89 | 99.13 | -6.0 | 2.55 | 86.13 | -15.28 | 0.32 | 39.13 | 3.23 | 11.41 | 20.36 | -20.98 | 173.14 | -0.34 | 12.69 | 103.23 | 9.18 | 8.29 | -3.23 | -156.01 | -169.15 | 8.20 | -18.33 | 0 |
| 21Q1 (6) | 3.13 | -38.02 | -21.95 | 14.19 | -30.85 | -14.36 | 8.24 | -41.56 | -27.85 | 8.73 | -33.81 | -27.19 | 5.97 | -32.16 | -30.42 | 3.46 | -38.1 | -31.08 | 1.37 | -41.95 | -38.84 | 0.23 | -14.81 | -11.54 | 9.48 | -31.85 | -25.3 | 173.73 | 24.06 | 28.49 | 94.55 | -11.57 | -0.88 | 5.77 | 183.31 | 18.27 | 10.04 | 14.35 | 1.52 |
| 20Q4 (5) | 5.05 | 45.11 | 4.99 | 20.52 | 31.96 | -1.11 | 14.10 | 48.89 | -7.78 | 13.19 | 46.39 | -12.18 | 8.80 | 24.29 | -13.89 | 5.59 | 26.47 | -8.81 | 2.36 | 30.39 | -18.06 | 0.27 | 8.0 | -3.57 | 13.91 | 43.25 | -11.34 | 140.04 | 1.82 | 20.59 | 106.92 | 1.82 | 5.2 | -6.92 | -29.4 | -274.7 | 8.78 | -10.04 | 6.81 |
| 20Q3 (4) | 3.48 | -35.07 | 0.0 | 15.55 | -17.68 | 0.0 | 9.47 | -28.42 | 0.0 | 9.01 | -35.04 | 0.0 | 7.08 | -26.56 | 0.0 | 4.42 | -39.7 | 0.0 | 1.81 | -39.87 | 0.0 | 0.25 | -19.35 | 0.0 | 9.71 | -32.76 | 0.0 | 137.54 | -10.48 | 0.0 | 105.02 | 10.16 | 0.0 | -5.35 | -214.52 | 0.0 | 9.76 | 0 | 0.0 |
| 20Q2 (3) | 5.36 | 33.67 | 0.0 | 18.89 | 14.0 | 0.0 | 13.23 | 15.85 | 0.0 | 13.87 | 15.68 | 0.0 | 9.64 | 12.35 | 0.0 | 7.33 | 46.02 | 0.0 | 3.01 | 34.37 | 0.0 | 0.31 | 19.23 | 0.0 | 14.44 | 13.79 | 0.0 | 153.64 | 13.63 | 0.0 | 95.33 | -0.07 | 0.0 | 4.67 | -4.21 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 4.01 | -16.63 | 0.0 | 16.57 | -20.14 | 0.0 | 11.42 | -25.31 | 0.0 | 11.99 | -20.17 | 0.0 | 8.58 | -16.05 | 0.0 | 5.02 | -18.11 | 0.0 | 2.24 | -22.22 | 0.0 | 0.26 | -7.14 | 0.0 | 12.69 | -19.12 | 0.0 | 135.21 | 16.43 | 0.0 | 95.39 | -6.15 | 0.0 | 4.88 | 363.96 | 0.0 | 9.89 | 20.32 | 0.0 |
| 19Q4 (1) | 4.81 | 0.0 | 0.0 | 20.75 | 0.0 | 0.0 | 15.29 | 0.0 | 0.0 | 15.02 | 0.0 | 0.0 | 10.22 | 0.0 | 0.0 | 6.13 | 0.0 | 0.0 | 2.88 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 15.69 | 0.0 | 0.0 | 116.13 | 0.0 | 0.0 | 101.64 | 0.0 | 0.0 | -1.85 | 0.0 | 0.0 | 8.22 | 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) | 15.03 | -10.75 | 19.62 | 16.03 | 13.02 | 10.71 | 0.54 | 42.28 | 14.03 | 15.95 | 10.37 | 17.31 | 21.77 | -21.21 | 9.60 | -12.89 | 0.92 | -25.2 | 14.86 | 16.73 | 110.83 | -26.66 | 92.83 | -4.46 | 7.17 | 152.7 | 0.27 | -19.87 | 10.79 | 26.64 |
| 2022 (9) | 16.84 | -20.11 | 16.91 | 4.13 | 11.76 | 11.15 | 0.38 | -18.57 | 12.10 | 12.24 | 8.84 | 14.95 | 27.63 | 20.87 | 11.02 | 18.49 | 1.23 | 2.5 | 12.73 | 10.7 | 151.11 | -3.36 | 97.16 | -1.02 | 2.84 | 58.47 | 0.34 | -41.24 | 8.52 | -2.41 |
| 2021 (8) | 21.08 | 17.77 | 16.24 | -9.88 | 10.58 | -13.06 | 0.46 | -14.49 | 10.78 | -11.06 | 7.69 | -10.37 | 22.86 | 12.94 | 9.30 | 4.61 | 1.20 | 16.5 | 11.50 | -10.09 | 156.36 | 11.65 | 98.16 | -2.24 | 1.79 | 0 | 0.58 | 279.56 | 8.73 | -7.32 |
| 2020 (7) | 17.90 | -6.58 | 18.02 | -11.19 | 12.17 | -13.26 | 0.54 | 1.35 | 12.12 | -17.72 | 8.58 | -14.8 | 20.24 | -13.32 | 8.89 | -17.46 | 1.03 | -3.74 | 12.79 | -16.73 | 140.04 | 20.59 | 100.41 | 5.32 | -0.41 | 0 | 0.15 | 0 | 9.42 | -5.8 |
| 2019 (6) | 19.16 | -1.84 | 20.29 | 13.8 | 14.03 | 15.85 | 0.54 | 172.48 | 14.73 | 13.92 | 10.07 | 12.26 | 23.35 | -8.03 | 10.77 | -1.82 | 1.07 | -12.3 | 15.36 | 16.28 | 116.13 | -2.34 | 95.34 | 1.82 | 4.72 | -25.87 | 0.00 | 0 | 10.00 | 11.23 |
| 2018 (5) | 19.52 | 7.43 | 17.83 | -0.22 | 12.11 | 0.58 | 0.20 | 2.37 | 12.93 | 14.53 | 8.97 | 4.42 | 25.39 | 3.97 | 10.97 | 13.21 | 1.22 | 8.93 | 13.21 | 13.59 | 118.91 | -19.49 | 93.64 | -12.14 | 6.36 | 0 | 0.00 | 0 | 8.99 | -7.61 |
| 2017 (4) | 18.17 | 92.28 | 17.87 | 14.62 | 12.04 | 68.39 | 0.19 | -26.53 | 11.29 | 59.24 | 8.59 | 59.07 | 24.42 | 73.31 | 9.69 | 81.12 | 1.12 | 14.29 | 11.63 | 55.9 | 147.69 | -9.28 | 106.58 | 5.69 | -6.58 | 0 | 0.00 | 0 | 9.73 | -15.17 |
| 2016 (3) | 9.45 | 4.77 | 15.59 | 20.02 | 7.15 | 27.91 | 0.26 | -10.38 | 7.09 | 17.77 | 5.40 | 9.31 | 14.09 | -4.54 | 5.35 | -5.14 | 0.98 | -14.04 | 7.46 | 16.02 | 162.79 | -2.63 | 100.84 | 8.64 | -1.01 | 0 | 0.00 | 0 | 11.47 | -0.17 |
| 2015 (2) | 9.02 | 337.86 | 12.99 | 58.22 | 5.59 | 687.32 | 0.29 | -7.72 | 6.02 | 432.74 | 4.94 | 322.22 | 14.76 | 361.25 | 5.64 | 327.27 | 1.14 | 4.59 | 6.43 | 299.38 | 167.19 | 5.78 | 92.82 | 46.1 | 7.18 | -80.3 | 0.00 | 0 | 11.49 | 9.12 |
| 2014 (1) | 2.06 | -79.62 | 8.21 | 0 | 0.71 | 0 | 0.32 | 44.21 | 1.13 | 0 | 1.17 | 0 | 3.20 | 0 | 1.32 | 0 | 1.09 | -12.1 | 1.61 | -78.62 | 158.06 | 11.56 | 63.53 | -30.16 | 36.47 | 303.78 | 0.00 | 0 | 10.53 | 17.39 |
