- 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) | 0.71 | -10.13 | -21.98 | 44.20 | 0.52 | 13.13 | 18.68 | -3.96 | -5.47 | 20.16 | -19.17 | -13.59 | 14.14 | -17.36 | -19.98 | 3.28 | -18.0 | -34.0 | 2.36 | -22.62 | -37.23 | 0.17 | -5.56 | -19.05 | 22.71 | -16.66 | -9.85 | 41.46 | 9.74 | 54.53 | 92.19 | 18.33 | 9.17 | 7.81 | -64.64 | -49.78 | 21.92 | 9.93 | 28.49 |
| 24Q2 (19) | 0.79 | 14.49 | 83.72 | 43.97 | 8.09 | 20.8 | 19.45 | 36.3 | 94.31 | 24.94 | 14.51 | 69.43 | 17.11 | 4.65 | 61.72 | 4.00 | 14.94 | 73.91 | 3.05 | 9.32 | 73.3 | 0.18 | 5.88 | 5.88 | 27.25 | 11.82 | 57.33 | 37.78 | 50.64 | 0.13 | 77.91 | 19.46 | 13.09 | 22.09 | -36.48 | -28.99 | 19.94 | -8.03 | -13.75 |
| 24Q1 (18) | 0.69 | -4.17 | 187.5 | 40.68 | 7.56 | 21.8 | 14.27 | -25.13 | 66.9 | 21.78 | 11.46 | 119.34 | 16.35 | 2.83 | 170.7 | 3.48 | -7.2 | 182.93 | 2.79 | -6.38 | 181.82 | 0.17 | -10.53 | 6.25 | 24.37 | 12.82 | 83.37 | 25.08 | -0.24 | -0.12 | 65.22 | -32.74 | -24.75 | 34.78 | 1047.83 | 160.87 | 21.68 | 40.05 | 3.53 |
| 23Q4 (17) | 0.72 | -20.88 | -19.1 | 37.82 | -3.2 | -9.8 | 19.06 | -3.54 | -1.8 | 19.54 | -16.25 | -8.9 | 15.90 | -10.02 | -10.52 | 3.75 | -24.55 | -18.48 | 2.98 | -20.74 | -17.22 | 0.19 | -9.52 | -5.0 | 21.60 | -14.25 | -4.97 | 25.14 | -6.3 | 2.86 | 96.97 | 14.83 | 6.27 | 3.03 | -80.52 | -69.7 | 15.48 | -9.26 | -22.17 |
| 23Q3 (16) | 0.91 | 111.63 | 3.41 | 39.07 | 7.34 | 8.38 | 19.76 | 97.4 | 23.04 | 23.33 | 58.49 | 19.34 | 17.67 | 67.01 | 18.27 | 4.97 | 116.09 | 3.33 | 3.76 | 113.64 | 9.3 | 0.21 | 23.53 | -8.7 | 25.19 | 45.44 | 15.98 | 26.83 | -28.89 | -13.37 | 84.44 | 22.58 | 2.28 | 15.56 | -50.0 | -10.81 | 17.06 | -26.21 | -10.21 |
| 23Q2 (15) | 0.43 | 79.17 | -48.81 | 36.40 | 8.98 | 7.03 | 10.01 | 17.08 | -33.84 | 14.72 | 48.24 | -22.65 | 10.58 | 75.17 | -27.63 | 2.30 | 86.99 | -48.66 | 1.76 | 77.78 | -43.95 | 0.17 | 6.25 | -19.05 | 17.32 | 30.32 | -20.29 | 37.73 | 50.26 | -24.24 | 68.89 | -20.51 | -13.09 | 31.11 | 133.33 | 50.07 | 23.12 | 10.41 | 23.9 |
| 23Q1 (14) | 0.24 | -73.03 | -73.03 | 33.40 | -20.34 | 19.5 | 8.55 | -55.95 | -33.26 | 9.93 | -53.71 | -36.75 | 6.04 | -66.01 | -51.87 | 1.23 | -73.26 | -73.94 | 0.99 | -72.5 | -70.88 | 0.16 | -20.0 | -40.74 | 13.29 | -41.53 | -25.3 | 25.11 | 2.74 | -31.73 | 86.67 | -5.02 | 7.06 | 13.33 | 33.33 | -25.33 | 20.94 | 5.28 | 50.22 |
| 22Q4 (13) | 0.89 | 1.14 | 2.3 | 41.93 | 16.31 | 31.57 | 19.41 | 20.86 | 32.67 | 21.45 | 9.72 | 33.48 | 17.77 | 18.94 | 34.72 | 4.60 | -4.37 | -4.96 | 3.60 | 4.65 | 3.15 | 0.20 | -13.04 | -23.08 | 22.73 | 4.65 | 25.93 | 24.44 | -21.08 | -41.55 | 91.25 | 10.53 | 0.12 | 10.00 | -42.67 | 12.86 | 19.89 | 4.68 | 13.72 |
| 22Q3 (12) | 0.88 | 4.76 | -13.73 | 36.05 | 6.0 | 3.65 | 16.06 | 6.15 | -17.05 | 19.55 | 2.73 | -12.92 | 14.94 | 2.19 | -3.49 | 4.81 | 7.37 | -15.76 | 3.44 | 9.55 | -17.31 | 0.23 | 9.52 | -14.81 | 21.72 | -0.05 | -10.95 | 30.97 | -37.81 | -13.61 | 82.56 | 4.15 | -4.41 | 17.44 | -15.87 | 27.91 | 19.00 | 1.82 | 34.18 |
| 22Q2 (11) | 0.84 | -5.62 | -6.67 | 34.01 | 21.68 | 5.92 | 15.13 | 18.11 | -19.61 | 19.03 | 21.21 | -1.09 | 14.62 | 16.49 | 3.91 | 4.48 | -5.08 | -11.98 | 3.14 | -7.65 | -15.82 | 0.21 | -22.22 | -19.23 | 21.73 | 22.15 | 2.07 | 49.80 | 35.4 | 26.98 | 79.27 | -2.08 | -18.97 | 20.73 | 16.1 | 853.66 | 18.66 | 33.86 | 50.36 |
| 22Q1 (10) | 0.89 | 2.3 | 78.0 | 27.95 | -12.3 | -1.83 | 12.81 | -12.44 | 10.53 | 15.70 | -2.3 | 11.43 | 12.55 | -4.85 | 20.44 | 4.72 | -2.48 | 62.76 | 3.40 | -2.58 | 53.85 | 0.27 | 3.85 | 28.57 | 17.79 | -1.44 | 6.72 | 36.78 | -12.03 | 9.01 | 80.95 | -11.18 | -1.7 | 17.86 | 101.53 | 1.19 | 13.94 | -20.3 | -15.72 |
| 21Q4 (9) | 0.87 | -14.71 | 123.08 | 31.87 | -8.37 | 33.74 | 14.63 | -24.43 | 89.51 | 16.07 | -28.42 | 62.16 | 13.19 | -14.79 | 54.27 | 4.84 | -15.24 | 102.51 | 3.49 | -16.11 | 85.64 | 0.26 | -3.7 | 18.18 | 18.05 | -25.99 | 41.68 | 41.81 | 16.62 | 40.16 | 91.14 | 5.53 | 17.18 | 8.86 | -35.02 | -60.13 | 17.49 | 23.52 | 10.98 |
| 21Q3 (8) | 1.02 | 13.33 | 385.71 | 34.78 | 8.32 | 59.47 | 19.36 | 2.87 | 295.91 | 22.45 | 16.68 | 312.68 | 15.48 | 10.02 | 232.9 | 5.71 | 12.18 | 335.88 | 4.16 | 11.53 | 307.84 | 0.27 | 3.85 | 22.73 | 24.39 | 14.56 | 204.49 | 35.85 | -8.59 | 45.5 | 86.36 | -11.72 | -4.04 | 13.64 | 527.27 | 36.36 | 14.16 | 14.1 | -13.82 |
| 21Q2 (7) | 0.90 | 80.0 | 210.34 | 32.11 | 12.79 | 8.11 | 18.82 | 62.38 | 101.28 | 19.24 | 36.55 | 97.13 | 14.07 | 35.03 | 86.36 | 5.09 | 75.52 | 187.57 | 3.73 | 68.78 | 178.36 | 0.26 | 23.81 | 44.44 | 21.29 | 27.71 | 69.78 | 39.22 | 16.24 | 11.87 | 97.83 | 18.79 | 4.81 | 2.17 | -87.68 | -34.78 | 12.41 | -24.97 | 0 |
| 21Q1 (6) | 0.50 | 28.21 | -25.37 | 28.47 | 19.47 | -7.74 | 11.59 | 50.13 | -13.25 | 14.09 | 42.18 | -29.73 | 10.42 | 21.87 | -27.13 | 2.90 | 21.34 | -28.75 | 2.21 | 17.55 | -31.15 | 0.21 | -4.55 | -4.55 | 16.67 | 30.85 | -28.49 | 33.74 | 13.11 | 26.94 | 82.35 | 5.88 | 24.37 | 17.65 | -20.59 | -47.76 | 16.54 | 4.95 | 0 |
| 20Q4 (5) | 0.39 | 85.71 | -30.36 | 23.83 | 9.26 | -30.26 | 7.72 | 57.87 | -49.61 | 9.91 | 82.17 | -28.24 | 8.55 | 83.87 | -27.85 | 2.39 | 82.44 | -32.1 | 1.88 | 84.31 | -33.1 | 0.22 | 0.0 | -4.35 | 12.74 | 59.05 | -25.93 | 29.83 | 21.06 | 2.26 | 77.78 | -13.58 | -30.41 | 22.22 | 122.22 | 288.89 | 15.76 | -4.08 | -1.38 |
| 20Q3 (4) | 0.21 | -27.59 | 0.0 | 21.81 | -26.57 | 0.0 | 4.89 | -47.7 | 0.0 | 5.44 | -44.26 | 0.0 | 4.65 | -38.41 | 0.0 | 1.31 | -25.99 | 0.0 | 1.02 | -23.88 | 0.0 | 0.22 | 22.22 | 0.0 | 8.01 | -36.12 | 0.0 | 24.64 | -29.72 | 0.0 | 90.00 | -3.57 | 0.0 | 10.00 | 200.0 | 0.0 | 16.43 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | -56.72 | 0.0 | 29.70 | -3.76 | 0.0 | 9.35 | -30.01 | 0.0 | 9.76 | -51.32 | 0.0 | 7.55 | -47.2 | 0.0 | 1.77 | -56.51 | 0.0 | 1.34 | -58.26 | 0.0 | 0.18 | -18.18 | 0.0 | 12.54 | -46.2 | 0.0 | 35.06 | 31.9 | 0.0 | 93.33 | 40.95 | 0.0 | 3.33 | -90.13 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.67 | 19.64 | 0.0 | 30.86 | -9.69 | 0.0 | 13.36 | -12.79 | 0.0 | 20.05 | 45.18 | 0.0 | 14.30 | 20.68 | 0.0 | 4.07 | 15.63 | 0.0 | 3.21 | 14.23 | 0.0 | 0.22 | -4.35 | 0.0 | 23.31 | 35.52 | 0.0 | 26.58 | -8.88 | 0.0 | 66.22 | -40.75 | 0.0 | 33.78 | 387.16 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.56 | 0.0 | 0.0 | 34.17 | 0.0 | 0.0 | 15.32 | 0.0 | 0.0 | 13.81 | 0.0 | 0.0 | 11.85 | 0.0 | 0.0 | 3.52 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 17.20 | 0.0 | 0.0 | 29.17 | 0.0 | 0.0 | 111.76 | 0.0 | 0.0 | -11.76 | 0.0 | 0.0 | 15.98 | 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) | 2.30 | -34.29 | 36.86 | 7.24 | 14.80 | -4.95 | 2.33 | 15.1 | 17.36 | -7.02 | 12.96 | -12.08 | 11.80 | -35.87 | 9.46 | -31.8 | 0.73 | -22.34 | 19.76 | -4.73 | 25.14 | 2.86 | 85.28 | 2.21 | 14.72 | -11.15 | 0.06 | -74.74 | 18.93 | 7.62 |
| 2022 (9) | 3.50 | 6.71 | 34.37 | 7.24 | 15.57 | -5.12 | 2.02 | -0.24 | 18.67 | 2.41 | 14.74 | 9.19 | 18.40 | -0.27 | 13.87 | 2.06 | 0.94 | -6.93 | 20.74 | 1.72 | 24.44 | -41.55 | 83.43 | -7.08 | 16.57 | 67.17 | 0.22 | 113.2 | 17.59 | 16.72 |
| 2021 (8) | 3.28 | 108.92 | 32.05 | 21.22 | 16.41 | 85.84 | 2.03 | -21.4 | 18.23 | 59.91 | 13.50 | 52.71 | 18.45 | 91.59 | 13.59 | 81.93 | 1.01 | 20.24 | 20.39 | 42.89 | 41.81 | 40.16 | 89.79 | 16.07 | 9.91 | -56.23 | 0.10 | -57.16 | 15.07 | -10.19 |
| 2020 (7) | 1.57 | -24.52 | 26.44 | -7.29 | 8.83 | -28.15 | 2.58 | 6.25 | 11.40 | -12.38 | 8.84 | -9.05 | 9.63 | -25.75 | 7.47 | -25.82 | 0.84 | -17.65 | 14.27 | -9.8 | 29.83 | 2.26 | 77.36 | -17.78 | 22.64 | 315.09 | 0.24 | 30.86 | 16.78 | 13.23 |
| 2019 (6) | 2.08 | 11.23 | 28.52 | 4.13 | 12.29 | 33.3 | 2.43 | -0.01 | 13.01 | -13.09 | 9.72 | -21.86 | 12.97 | -1.37 | 10.07 | -4.64 | 1.02 | 20.0 | 15.82 | -10.52 | 29.17 | -9.49 | 94.09 | 52.47 | 5.45 | -85.75 | 0.18 | -49.39 | 14.82 | -15.46 |
| 2018 (5) | 1.87 | 3.31 | 27.39 | -7.37 | 9.22 | -13.43 | 2.43 | -5.26 | 14.97 | -18.99 | 12.44 | -19.27 | 13.15 | -2.81 | 10.56 | -4.69 | 0.85 | 19.72 | 17.68 | -17.46 | 32.23 | 68.04 | 61.71 | 7.23 | 38.29 | -9.8 | 0.36 | 0 | 17.53 | 3.18 |
| 2017 (4) | 1.81 | 103.37 | 29.57 | -11.73 | 10.65 | -22.43 | 2.56 | -12.46 | 18.48 | 42.26 | 15.41 | 81.94 | 13.53 | 91.64 | 11.08 | 111.05 | 0.71 | 18.33 | 21.42 | 29.66 | 19.18 | -29.54 | 57.55 | -45.51 | 42.45 | 0 | 0.00 | 0 | 16.99 | 3.53 |
| 2016 (3) | 0.89 | 161.76 | 33.50 | 209.9 | 13.73 | 553.81 | 2.93 | 111.52 | 12.99 | 328.71 | 8.47 | 480.14 | 7.06 | 161.48 | 5.25 | 161.19 | 0.60 | -41.75 | 16.52 | 221.4 | 27.22 | -46.36 | 105.62 | 51.15 | -5.62 | 0 | 0.00 | 0 | 16.41 | 154.81 |
| 2015 (2) | 0.34 | -54.67 | 10.81 | 83.22 | 2.10 | 176.32 | 1.38 | 72.87 | 3.03 | 56.99 | 1.46 | -27.36 | 2.70 | -56.73 | 2.01 | -46.4 | 1.03 | -32.68 | 5.14 | 52.98 | 50.75 | -52.83 | 69.88 | 78.81 | 31.33 | -48.58 | 0.00 | 0 | 6.44 | 74.53 |
| 2014 (1) | 0.75 | 78.57 | 5.90 | 0 | 0.76 | 0 | 0.80 | 76.58 | 1.93 | 0 | 2.01 | 0 | 6.24 | 0 | 3.75 | 0 | 1.53 | -24.63 | 3.36 | 59.24 | 107.59 | 11.62 | 39.08 | -34.27 | 60.92 | 45.42 | 0.00 | 0 | 3.69 | 55.7 |
