- 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) | 11.87 | 496.48 | 402.97 | 36.64 | 0.14 | 0.05 | 1.89 | -19.92 | -21.58 | 11.94 | 403.8 | 387.35 | 9.82 | 436.61 | 365.4 | 28.72 | 367.75 | 304.51 | 3.58 | 390.41 | 321.18 | 0.36 | 2.86 | 0.0 | 20.71 | 80.09 | 85.57 | 628.19 | -25.97 | -21.59 | 15.82 | -84.11 | -83.88 | 84.18 | 17297.86 | 4424.85 | 8.24 | 3.13 | 7.99 |
| 24Q2 (19) | 1.99 | 70.09 | -11.95 | 36.59 | 2.01 | -0.3 | 2.36 | 71.01 | 2.61 | 2.37 | 70.5 | 5.33 | 1.83 | 59.13 | -12.44 | 6.14 | 74.43 | -16.46 | 0.73 | 55.32 | -10.98 | 0.35 | 6.06 | 0.0 | 11.50 | 6.09 | 1.59 | 848.52 | -4.08 | -2.69 | 99.52 | 0.39 | -2.75 | 0.48 | -44.19 | 122.46 | 7.99 | -6.0 | 0.76 |
| 24Q1 (18) | 1.17 | -31.98 | 32.95 | 35.87 | -2.02 | -0.44 | 1.38 | -31.0 | 6.98 | 1.39 | -27.23 | 18.8 | 1.15 | -29.45 | 30.68 | 3.52 | -29.03 | 25.71 | 0.47 | -26.56 | 27.03 | 0.33 | -2.94 | 3.13 | 10.84 | -1.81 | 1.03 | 884.63 | 14.01 | -7.67 | 99.13 | -5.34 | -10.48 | 0.87 | 118.36 | 108.07 | 8.50 | 7.59 | 2.78 |
| 23Q4 (17) | 1.72 | -27.12 | -52.22 | 36.61 | -0.03 | 0.0 | 2.00 | -17.01 | 7.53 | 1.91 | -22.04 | -45.74 | 1.63 | -22.75 | -53.03 | 4.96 | -30.14 | -54.99 | 0.64 | -24.71 | -48.39 | 0.34 | -5.56 | 3.03 | 11.04 | -1.08 | -13.34 | 775.91 | -3.15 | -7.49 | 104.72 | 6.71 | 98.66 | -4.72 | -353.85 | -109.99 | 7.90 | 3.54 | 0.13 |
| 23Q3 (16) | 2.36 | 4.42 | 3.06 | 36.62 | -0.22 | 0.58 | 2.41 | 4.78 | 0.42 | 2.45 | 8.89 | -9.59 | 2.11 | 0.96 | -4.52 | 7.10 | -3.4 | -10.24 | 0.85 | 3.66 | -1.16 | 0.36 | 2.86 | 2.86 | 11.16 | -1.41 | -3.88 | 801.15 | -8.12 | -8.83 | 98.14 | -4.1 | 10.75 | 1.86 | 186.36 | -83.66 | 7.63 | -3.78 | 2.55 |
| 23Q2 (15) | 2.26 | 156.82 | 42.14 | 36.70 | 1.86 | 1.19 | 2.30 | 78.29 | 15.0 | 2.25 | 92.31 | 9.76 | 2.09 | 137.5 | 26.67 | 7.35 | 162.5 | 26.29 | 0.82 | 121.62 | 32.26 | 0.35 | 9.37 | 9.37 | 11.32 | 5.5 | -2.58 | 871.99 | -8.99 | -11.62 | 102.33 | -7.59 | 4.64 | -2.15 | 79.94 | -188.92 | 7.93 | -4.11 | 8.19 |
| 23Q1 (14) | 0.88 | -75.56 | 15.79 | 36.03 | -1.58 | 0.87 | 1.29 | -30.65 | 20.56 | 1.17 | -66.76 | 1.74 | 0.88 | -74.64 | 1.15 | 2.80 | -74.59 | 0.36 | 0.37 | -70.16 | 5.71 | 0.32 | -3.03 | 3.23 | 10.73 | -15.78 | -3.25 | 958.11 | 14.24 | -3.47 | 110.74 | 110.08 | 18.62 | -10.74 | -122.71 | -261.78 | 8.27 | 4.82 | 7.82 |
| 22Q4 (13) | 3.60 | 57.21 | 106.9 | 36.61 | 0.55 | -0.92 | 1.86 | -22.5 | -18.06 | 3.52 | 29.89 | 47.28 | 3.47 | 57.01 | 90.66 | 11.02 | 39.32 | 85.21 | 1.24 | 44.19 | 82.35 | 0.33 | -5.71 | 0.0 | 12.74 | 9.73 | 7.24 | 838.70 | -4.55 | -3.19 | 52.71 | -40.51 | -44.61 | 47.29 | 315.35 | 877.87 | 7.89 | 6.05 | 8.83 |
| 22Q3 (12) | 2.29 | 44.03 | 80.31 | 36.41 | 0.39 | 1.7 | 2.40 | 20.0 | 48.15 | 2.71 | 32.2 | 49.72 | 2.21 | 33.94 | 51.37 | 7.91 | 35.91 | 60.12 | 0.86 | 38.71 | 59.26 | 0.35 | 9.37 | 9.37 | 11.61 | -0.09 | 3.38 | 878.72 | -10.94 | -5.94 | 88.62 | -9.39 | -1.04 | 11.38 | 369.87 | 8.88 | 7.44 | 1.5 | 4.79 |
| 22Q2 (11) | 1.59 | 109.21 | 0.63 | 36.27 | 1.54 | 0.22 | 2.00 | 86.92 | -2.91 | 2.05 | 78.26 | -8.07 | 1.65 | 89.66 | -8.33 | 5.82 | 108.6 | -8.35 | 0.62 | 77.14 | -6.06 | 0.32 | 3.23 | -3.03 | 11.62 | 4.78 | 0.61 | 986.66 | -0.59 | 2.79 | 97.80 | 4.75 | 6.39 | 2.42 | -63.5 | -70.01 | 7.33 | -4.43 | -0.68 |
| 22Q1 (10) | 0.76 | -56.32 | -46.85 | 35.72 | -3.33 | 0.73 | 1.07 | -52.86 | -46.77 | 1.15 | -51.88 | -44.71 | 0.87 | -52.2 | -47.27 | 2.79 | -53.11 | -48.81 | 0.35 | -48.53 | -45.31 | 0.31 | -6.06 | -8.82 | 11.09 | -6.65 | -1.6 | 992.52 | 14.56 | 0.41 | 93.36 | -1.9 | -3.74 | 6.64 | 37.29 | 120.62 | 7.67 | 5.79 | 1.86 |
| 21Q4 (9) | 1.74 | 37.01 | -24.02 | 36.95 | 3.21 | 0.96 | 2.27 | 40.12 | -28.84 | 2.39 | 32.04 | -21.9 | 1.82 | 24.66 | -27.2 | 5.95 | 20.45 | -26.27 | 0.68 | 25.93 | -30.61 | 0.33 | 3.13 | -8.33 | 11.88 | 5.79 | 0.68 | 866.38 | -7.26 | 11.09 | 95.16 | 6.28 | -8.95 | 4.84 | -53.75 | 210.72 | 7.25 | 2.11 | 0.55 |
| 21Q3 (8) | 1.27 | -19.62 | -61.16 | 35.80 | -1.08 | -1.68 | 1.62 | -21.36 | -58.88 | 1.81 | -18.83 | -56.07 | 1.46 | -18.89 | -56.68 | 4.94 | -22.2 | -60.67 | 0.54 | -18.18 | -59.7 | 0.32 | -3.03 | -13.51 | 11.23 | -2.77 | -9.58 | 934.23 | -2.67 | 13.2 | 89.54 | -2.59 | -6.36 | 10.46 | 29.43 | 138.95 | 7.10 | -3.79 | 7.25 |
| 21Q2 (7) | 1.58 | 10.49 | -41.7 | 36.19 | 2.06 | -0.9 | 2.06 | 2.49 | -40.97 | 2.23 | 7.21 | -39.57 | 1.80 | 9.09 | -40.2 | 6.35 | 16.51 | -45.82 | 0.66 | 3.13 | -41.59 | 0.33 | -2.94 | -5.71 | 11.55 | 2.48 | -6.17 | 959.88 | -2.9 | -1.98 | 91.92 | -5.23 | -2.83 | 8.08 | 168.46 | 49.65 | 7.38 | -1.99 | 0 |
| 21Q1 (6) | 1.43 | -37.55 | 12.6 | 35.46 | -3.11 | -1.53 | 2.01 | -36.99 | -19.92 | 2.08 | -32.03 | 13.04 | 1.65 | -34.0 | 10.0 | 5.45 | -32.47 | 4.81 | 0.64 | -34.69 | 8.47 | 0.34 | -5.56 | 0.0 | 11.27 | -4.49 | 2.64 | 988.51 | 26.75 | -4.5 | 96.99 | -7.2 | -28.63 | 3.01 | 168.9 | 108.38 | 7.53 | 4.44 | -1.83 |
| 20Q4 (5) | 2.29 | -29.97 | 6.02 | 36.60 | 0.52 | -2.61 | 3.19 | -19.04 | -6.73 | 3.06 | -25.73 | -1.92 | 2.50 | -25.82 | -1.19 | 8.07 | -35.75 | -4.04 | 0.98 | -26.87 | 2.08 | 0.36 | -2.7 | 2.86 | 11.80 | -4.99 | -1.5 | 779.86 | -5.51 | -3.56 | 104.52 | 9.3 | -4.61 | -4.37 | -199.81 | 54.36 | 7.21 | 8.91 | -16.84 |
| 20Q3 (4) | 3.27 | 20.66 | 0.0 | 36.41 | -0.3 | 0.0 | 3.94 | 12.89 | 0.0 | 4.12 | 11.65 | 0.0 | 3.37 | 11.96 | 0.0 | 12.56 | 7.17 | 0.0 | 1.34 | 18.58 | 0.0 | 0.37 | 5.71 | 0.0 | 12.42 | 0.89 | 0.0 | 825.30 | -15.72 | 0.0 | 95.62 | 1.08 | 0.0 | 4.38 | -18.95 | 0.0 | 6.62 | 0 | 0.0 |
| 20Q2 (3) | 2.71 | 113.39 | 0.0 | 36.52 | 1.42 | 0.0 | 3.49 | 39.04 | 0.0 | 3.69 | 100.54 | 0.0 | 3.01 | 100.67 | 0.0 | 11.72 | 125.38 | 0.0 | 1.13 | 91.53 | 0.0 | 0.35 | 2.94 | 0.0 | 12.31 | 12.11 | 0.0 | 979.29 | -5.39 | 0.0 | 94.60 | -30.38 | 0.0 | 5.40 | 115.04 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.27 | -41.2 | 0.0 | 36.01 | -4.18 | 0.0 | 2.51 | -26.61 | 0.0 | 1.84 | -41.03 | 0.0 | 1.50 | -40.71 | 0.0 | 5.20 | -38.17 | 0.0 | 0.59 | -38.54 | 0.0 | 0.34 | -2.86 | 0.0 | 10.98 | -8.35 | 0.0 | 1035.13 | 28.0 | 0.0 | 135.89 | 24.02 | 0.0 | -35.89 | -275.05 | 0.0 | 7.67 | -11.53 | 0.0 |
| 19Q4 (1) | 2.16 | 0.0 | 0.0 | 37.58 | 0.0 | 0.0 | 3.42 | 0.0 | 0.0 | 3.12 | 0.0 | 0.0 | 2.53 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 0.96 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 11.98 | 0.0 | 0.0 | 808.68 | 0.0 | 0.0 | 109.57 | 0.0 | 0.0 | -9.57 | 0.0 | 0.0 | 8.67 | 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) | 7.22 | -12.48 | 36.50 | 0.63 | 2.02 | 9.19 | 8.48 | -3.71 | 1.97 | -17.92 | 1.70 | -18.66 | 20.49 | -19.65 | 2.61 | -13.58 | 1.33 | 3.91 | 11.07 | -6.11 | 775.91 | -7.49 | 102.71 | 32.75 | -2.71 | 0 | 1.91 | -1.76 | 7.92 | 4.49 |
| 2022 (9) | 8.25 | 37.04 | 36.27 | 0.44 | 1.85 | -7.04 | 8.81 | -0.41 | 2.40 | 12.68 | 2.09 | 23.67 | 25.50 | 26.49 | 3.02 | 21.77 | 1.28 | -1.54 | 11.79 | 2.61 | 838.70 | -3.19 | 77.37 | -17.34 | 22.63 | 250.49 | 1.94 | 44.38 | 7.58 | 3.69 |
| 2021 (8) | 6.02 | -36.9 | 36.11 | -0.77 | 1.99 | -39.88 | 8.85 | 7.41 | 2.13 | -33.64 | 1.69 | -35.74 | 20.16 | -40.25 | 2.48 | -39.22 | 1.30 | -9.72 | 11.49 | -3.45 | 866.38 | 11.09 | 93.60 | -8.99 | 6.46 | 0 | 1.34 | 5.56 | 7.31 | 2.24 |
| 2020 (7) | 9.54 | 16.34 | 36.39 | -1.03 | 3.31 | 6.43 | 8.24 | -0.51 | 3.21 | 4.9 | 2.63 | 6.91 | 33.74 | 6.44 | 4.08 | -12.07 | 1.44 | -16.76 | 11.90 | 0.68 | 779.86 | -3.56 | 102.84 | 1.31 | -2.81 | 0 | 1.27 | 1.21 | 7.15 | -0.69 |
| 2019 (6) | 8.20 | 13.42 | 36.77 | -0.68 | 3.11 | 25.91 | 8.28 | 223.17 | 3.06 | 4.79 | 2.46 | 4.24 | 31.70 | 5.11 | 4.64 | -16.85 | 1.73 | -25.75 | 11.82 | 107.01 | 808.68 | 73.03 | 101.51 | 20.13 | -1.51 | 0 | 1.26 | -41.86 | 7.20 | 1.69 |
| 2018 (5) | 7.23 | 14.76 | 37.02 | -1.91 | 2.47 | 18.75 | 2.56 | -11.85 | 2.92 | 7.35 | 2.36 | 3.96 | 30.16 | 10.84 | 5.58 | 4.49 | 2.33 | -0.43 | 5.71 | -2.73 | 467.37 | 10.01 | 84.50 | 10.71 | 15.50 | -34.53 | 2.16 | 0 | 7.08 | -7.93 |
| 2017 (4) | 6.30 | 2.11 | 37.74 | 1.81 | 2.08 | -9.57 | 2.91 | 1.55 | 2.72 | -4.9 | 2.27 | -4.22 | 27.21 | -3.37 | 5.34 | -5.82 | 2.34 | -1.68 | 5.87 | -1.51 | 424.86 | 5.42 | 76.33 | -5.34 | 23.67 | 21.89 | 0.00 | 0 | 7.69 | -2.04 |
| 2016 (3) | 6.17 | 7.87 | 37.07 | 2.23 | 2.30 | -3.36 | 2.86 | 3.67 | 2.86 | 2.88 | 2.37 | 3.04 | 28.16 | 4.53 | 5.67 | 0.53 | 2.38 | -2.06 | 5.96 | 3.11 | 403.00 | 1.26 | 80.64 | -5.57 | 19.42 | 32.98 | 0.00 | 0 | 7.85 | 3.29 |
| 2015 (2) | 5.72 | -1.38 | 36.26 | 1.88 | 2.38 | -2.46 | 2.76 | 10.3 | 2.78 | -4.14 | 2.30 | -4.96 | 26.94 | -5.41 | 5.64 | -9.9 | 2.43 | -5.45 | 5.78 | 3.03 | 397.99 | 8.18 | 85.39 | 1.51 | 14.61 | -8.01 | 0.00 | 0 | 7.60 | 6.29 |
| 2014 (1) | 5.80 | 18.13 | 35.59 | 0 | 2.44 | 0 | 2.50 | 12.18 | 2.90 | 0 | 2.42 | 0 | 28.48 | 0 | 6.26 | 0 | 2.57 | -6.88 | 5.61 | 10.22 | 367.90 | 6.15 | 84.12 | -0.79 | 15.88 | 4.42 | 0.00 | 0 | 7.15 | 7.36 |
