- 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) | 1.58 | 24.41 | -14.59 | 36.29 | 5.01 | 0.69 | 14.14 | 53.2 | 5.29 | 14.15 | 21.04 | -11.45 | 11.25 | -0.27 | -13.33 | 4.05 | 25.78 | -21.66 | 2.59 | 28.86 | 1.17 | 0.23 | 27.78 | 15.0 | 15.95 | 14.75 | -12.79 | 47.50 | -28.85 | -54.08 | 100.00 | 27.15 | 18.67 | 0.00 | -100.0 | -100.0 | 14.37 | -29.46 | -16.16 |
| 24Q2 (19) | 1.27 | -11.19 | -48.16 | 34.56 | 0.49 | 6.04 | 9.23 | -15.63 | -34.63 | 11.69 | -21.86 | -25.3 | 11.28 | -10.33 | -14.22 | 3.22 | -10.31 | -50.69 | 2.01 | -11.84 | -39.46 | 0.18 | 0.0 | -28.0 | 13.90 | -19.14 | -20.39 | 66.76 | 21.89 | -35.91 | 78.65 | 7.76 | -12.78 | 20.83 | -22.89 | 112.01 | 20.37 | 3.88 | 40.19 |
| 24Q1 (18) | 1.43 | -10.63 | -33.8 | 34.39 | 3.62 | 3.27 | 10.94 | -13.24 | -28.03 | 14.96 | 37.63 | -0.53 | 12.58 | 30.23 | 8.82 | 3.59 | -11.14 | -37.78 | 2.28 | 1.33 | -21.11 | 0.18 | -21.74 | -28.0 | 17.19 | 35.57 | 1.72 | 54.77 | -9.67 | -40.73 | 72.98 | -36.94 | -27.67 | 27.02 | 267.07 | 3089.78 | 19.61 | 22.79 | 33.49 |
| 23Q4 (17) | 1.60 | -13.51 | -41.39 | 33.19 | -7.91 | -2.75 | 12.61 | -6.11 | -17.47 | 10.87 | -31.98 | -19.36 | 9.66 | -25.58 | -5.94 | 4.04 | -21.86 | -48.14 | 2.25 | -12.11 | -40.0 | 0.23 | 15.0 | -36.11 | 12.68 | -30.67 | -14.5 | 60.63 | -41.39 | -45.59 | 115.74 | 37.36 | 2.21 | -16.17 | -200.54 | -20.0 | 15.97 | -6.83 | 7.18 |
| 23Q3 (16) | 1.85 | -24.49 | -35.31 | 36.04 | 10.59 | 18.24 | 13.43 | -4.89 | 2.21 | 15.98 | 2.11 | -6.06 | 12.98 | -1.29 | -2.41 | 5.17 | -20.83 | -41.84 | 2.56 | -22.89 | -39.19 | 0.20 | -20.0 | -35.48 | 18.29 | 4.75 | -1.51 | 103.45 | -0.69 | -4.04 | 84.27 | -6.55 | 8.99 | 16.08 | 63.68 | -29.1 | 17.14 | 17.96 | 19.28 |
| 23Q2 (15) | 2.45 | 13.43 | 25.0 | 32.59 | -2.13 | 13.79 | 14.12 | -7.11 | 27.32 | 15.65 | 4.06 | 31.73 | 13.15 | 13.75 | 32.69 | 6.53 | 13.17 | 3.49 | 3.32 | 14.88 | 7.79 | 0.25 | 0.0 | -19.35 | 17.46 | 3.31 | 29.14 | 104.17 | 12.74 | -12.82 | 90.17 | -10.63 | -3.21 | 9.83 | 1187.48 | 43.78 | 14.53 | -1.09 | 3.42 |
| 23Q1 (14) | 2.16 | -20.88 | 127.37 | 33.30 | -2.43 | 24.91 | 15.20 | -0.52 | 134.93 | 15.04 | 11.57 | 88.94 | 11.56 | 12.56 | 87.36 | 5.77 | -25.93 | 87.95 | 2.89 | -22.93 | 91.39 | 0.25 | -30.56 | 4.17 | 16.90 | 13.96 | 68.33 | 92.40 | -17.08 | -4.37 | 100.90 | -10.89 | 23.33 | -0.90 | 93.29 | -104.79 | 14.69 | -1.41 | -11.51 |
| 22Q4 (13) | 2.73 | -4.55 | 37.19 | 34.13 | 11.98 | 28.79 | 15.28 | 16.29 | 32.52 | 13.48 | -20.75 | 10.4 | 10.27 | -22.78 | 1.18 | 7.79 | -12.37 | 13.72 | 3.75 | -10.93 | 17.55 | 0.36 | 16.13 | 16.13 | 14.83 | -20.14 | 6.92 | 111.43 | 3.37 | -9.71 | 113.24 | 46.46 | 20.08 | -13.48 | -159.4 | -336.66 | 14.90 | 3.69 | 27.13 |
| 22Q3 (12) | 2.86 | 45.92 | 169.81 | 30.48 | 6.42 | 18.74 | 13.14 | 18.49 | 84.55 | 17.01 | 43.18 | 116.96 | 13.30 | 34.21 | 118.75 | 8.89 | 40.89 | 132.72 | 4.21 | 36.69 | 136.52 | 0.31 | 0.0 | 6.9 | 18.57 | 37.35 | 91.05 | 107.80 | -9.78 | -4.62 | 77.31 | -17.01 | -14.69 | 22.69 | 231.92 | 141.98 | 14.37 | 2.28 | -7.35 |
| 22Q2 (11) | 1.96 | 106.32 | 180.0 | 28.64 | 7.43 | 9.98 | 11.09 | 71.41 | 125.41 | 11.88 | 49.25 | 135.71 | 9.91 | 60.62 | 89.48 | 6.31 | 105.54 | 159.67 | 3.08 | 103.97 | 152.46 | 0.31 | 29.17 | 34.78 | 13.52 | 34.66 | 85.21 | 119.49 | 23.67 | -5.2 | 93.17 | 13.87 | -5.67 | 6.83 | -63.8 | 176.8 | 14.05 | -15.36 | -24.34 |
| 22Q1 (10) | 0.95 | -52.26 | 5.56 | 26.66 | 0.6 | -5.02 | 6.47 | -43.89 | -17.37 | 7.96 | -34.81 | -2.33 | 6.17 | -39.21 | -4.78 | 3.07 | -55.18 | 0.66 | 1.51 | -52.66 | -6.21 | 0.24 | -22.58 | 0.0 | 10.04 | -27.61 | -1.95 | 96.62 | -21.71 | 7.63 | 81.82 | -13.24 | -14.55 | 18.88 | 231.6 | 343.71 | 16.60 | 41.64 | -5.52 |
| 21Q4 (9) | 1.99 | 87.74 | 59.2 | 26.50 | 3.23 | -11.22 | 11.53 | 61.94 | 37.1 | 12.21 | 55.74 | 37.35 | 10.15 | 66.94 | 36.06 | 6.85 | 79.32 | 57.83 | 3.19 | 79.21 | 38.1 | 0.31 | 6.9 | 0.0 | 13.87 | 42.7 | 30.48 | 123.41 | 9.19 | 20.1 | 94.31 | 4.06 | -0.21 | 5.69 | -39.26 | 3.63 | 11.72 | -24.44 | -17.64 |
| 21Q3 (8) | 1.06 | 51.43 | -33.75 | 25.67 | -1.42 | -8.29 | 7.12 | 44.72 | -35.74 | 7.84 | 55.56 | -30.31 | 6.08 | 16.25 | -31.61 | 3.82 | 57.2 | -33.57 | 1.78 | 45.9 | -45.73 | 0.29 | 26.09 | -21.62 | 9.72 | 33.15 | -24.83 | 113.02 | -10.33 | 45.66 | 90.62 | -8.24 | -7.86 | 9.38 | 279.69 | 469.53 | 15.51 | -16.48 | -10.09 |
| 21Q2 (7) | 0.70 | -22.22 | -55.7 | 26.04 | -7.23 | -13.89 | 4.92 | -37.16 | -38.65 | 5.04 | -38.16 | -69.12 | 5.23 | -19.29 | -57.72 | 2.43 | -20.33 | -61.91 | 1.22 | -24.22 | -67.2 | 0.23 | -4.17 | -23.33 | 7.30 | -28.71 | -60.35 | 126.04 | 40.4 | 66.81 | 98.77 | 3.16 | 101.06 | 2.47 | -41.98 | -95.15 | 18.57 | 5.69 | 0 |
| 21Q1 (6) | 0.90 | -28.0 | 47.54 | 28.07 | -5.96 | -5.99 | 7.83 | -6.9 | 12.82 | 8.15 | -8.32 | 6.96 | 6.48 | -13.14 | 28.06 | 3.05 | -29.72 | 36.16 | 1.61 | -30.3 | 20.15 | 0.24 | -22.58 | -7.69 | 10.24 | -3.67 | 1.79 | 89.77 | -12.64 | 31.74 | 95.74 | 1.31 | 4.61 | 4.26 | -22.55 | -49.79 | 17.57 | 23.47 | -5.13 |
| 20Q4 (5) | 1.25 | -21.88 | 0.81 | 29.85 | 6.65 | 2.4 | 8.41 | -24.1 | -12.4 | 8.89 | -20.98 | -9.1 | 7.46 | -16.09 | -6.4 | 4.34 | -24.52 | -12.85 | 2.31 | -29.57 | -20.62 | 0.31 | -16.22 | -13.89 | 10.63 | -17.79 | -8.12 | 102.76 | 32.44 | 36.49 | 94.51 | -3.91 | -3.65 | 5.49 | 233.79 | 187.09 | 14.23 | -17.51 | -5.32 |
| 20Q3 (4) | 1.60 | 1.27 | 0.0 | 27.99 | -7.44 | 0.0 | 11.08 | 38.15 | 0.0 | 11.25 | -31.07 | 0.0 | 8.89 | -28.13 | 0.0 | 5.75 | -9.87 | 0.0 | 3.28 | -11.83 | 0.0 | 0.37 | 23.33 | 0.0 | 12.93 | -29.77 | 0.0 | 77.59 | 2.69 | 0.0 | 98.35 | 100.22 | 0.0 | 1.65 | -96.76 | 0.0 | 17.25 | 0 | 0.0 |
| 20Q2 (3) | 1.58 | 159.02 | 0.0 | 30.24 | 1.27 | 0.0 | 8.02 | 15.56 | 0.0 | 16.32 | 114.17 | 0.0 | 12.37 | 144.47 | 0.0 | 6.38 | 184.82 | 0.0 | 3.72 | 177.61 | 0.0 | 0.30 | 15.38 | 0.0 | 18.41 | 83.0 | 0.0 | 75.56 | 10.89 | 0.0 | 49.12 | -46.33 | 0.0 | 50.88 | 500.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.61 | -50.81 | 0.0 | 29.86 | 2.44 | 0.0 | 6.94 | -27.71 | 0.0 | 7.62 | -22.09 | 0.0 | 5.06 | -36.51 | 0.0 | 2.24 | -55.02 | 0.0 | 1.34 | -53.95 | 0.0 | 0.26 | -27.78 | 0.0 | 10.06 | -13.05 | 0.0 | 68.14 | -9.5 | 0.0 | 91.53 | -6.69 | 0.0 | 8.47 | 342.8 | 0.0 | 18.52 | 23.22 | 0.0 |
| 19Q4 (1) | 1.24 | 0.0 | 0.0 | 29.15 | 0.0 | 0.0 | 9.60 | 0.0 | 0.0 | 9.78 | 0.0 | 0.0 | 7.97 | 0.0 | 0.0 | 4.98 | 0.0 | 0.0 | 2.91 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 11.57 | 0.0 | 0.0 | 75.29 | 0.0 | 0.0 | 98.09 | 0.0 | 0.0 | 1.91 | 0.0 | 0.0 | 15.03 | 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) | 7.57 | -11.15 | 33.67 | 10.36 | 13.87 | 14.53 | 1.82 | 27.35 | 14.32 | 10.15 | 11.79 | 15.36 | 19.80 | -22.96 | 10.95 | -8.83 | 0.92 | -20.69 | 16.26 | 11.45 | 60.63 | -45.59 | 96.83 | 3.92 | 3.17 | -53.52 | 0.00 | 0 | 15.51 | 4.23 |
| 2022 (9) | 8.52 | 83.23 | 30.51 | 15.0 | 12.11 | 48.77 | 1.43 | -17.66 | 13.00 | 50.64 | 10.22 | 41.75 | 25.70 | 65.59 | 12.01 | 60.99 | 1.16 | 14.85 | 14.59 | 38.03 | 111.43 | -9.71 | 93.18 | -1.15 | 6.82 | 18.96 | 0.00 | 0 | 14.88 | -3.88 |
| 2021 (8) | 4.65 | -7.92 | 26.53 | -9.79 | 8.14 | -7.39 | 1.73 | -6.53 | 8.63 | -21.76 | 7.21 | -15.38 | 15.52 | -13.97 | 7.46 | -22.37 | 1.01 | -9.82 | 10.57 | -18.57 | 123.41 | 20.1 | 94.27 | 18.44 | 5.73 | -71.92 | 0.00 | 0 | 15.48 | -5.26 |
| 2020 (7) | 5.05 | 20.81 | 29.41 | 2.51 | 8.79 | 1.15 | 1.85 | 0.08 | 11.03 | 20.81 | 8.52 | 17.36 | 18.04 | 7.57 | 9.61 | 2.45 | 1.12 | -12.5 | 12.98 | 17.15 | 102.76 | 36.49 | 79.59 | -16.38 | 20.41 | 323.22 | 0.00 | 0 | 16.34 | 1.49 |
| 2019 (6) | 4.18 | 6.63 | 28.69 | 5.4 | 8.69 | 16.64 | 1.85 | 35.4 | 9.13 | 12.72 | 7.26 | 13.62 | 16.77 | 7.78 | 9.38 | 9.32 | 1.28 | -3.76 | 11.08 | 16.26 | 75.29 | -13.14 | 95.18 | 3.39 | 4.82 | -40.55 | 0.07 | -21.14 | 16.10 | 1.19 |
| 2018 (5) | 3.92 | 17.72 | 27.22 | -2.68 | 7.45 | -3.75 | 1.37 | -13.76 | 8.10 | 5.88 | 6.39 | 4.41 | 15.56 | 11.54 | 8.58 | 8.06 | 1.33 | 3.1 | 9.53 | 2.36 | 86.68 | 11.67 | 92.05 | -9.06 | 8.11 | 0 | 0.08 | 0 | 15.91 | -0.87 |
| 2017 (4) | 3.33 | -13.05 | 27.97 | -0.6 | 7.74 | 11.69 | 1.59 | -2.98 | 7.65 | -5.44 | 6.12 | -8.66 | 13.95 | -14.42 | 7.94 | -13.03 | 1.29 | -3.73 | 9.31 | -5.48 | 77.62 | 1.36 | 101.22 | 18.17 | -1.22 | 0 | 0.00 | 0 | 16.05 | -2.07 |
| 2016 (3) | 3.83 | 16.41 | 28.14 | -2.02 | 6.93 | 10.35 | 1.63 | 18.5 | 8.09 | 2.8 | 6.70 | 10.74 | 16.30 | 7.59 | 9.13 | 9.21 | 1.34 | -0.74 | 9.85 | 4.79 | 76.58 | -11.09 | 85.66 | 7.51 | 14.34 | -29.44 | 0.00 | 0 | 16.39 | -5.42 |
| 2015 (2) | 3.29 | -3.24 | 28.72 | 1.88 | 6.28 | 2.95 | 1.38 | -5.23 | 7.87 | -5.07 | 6.05 | -12.06 | 15.15 | -10.14 | 8.36 | -8.03 | 1.35 | 4.65 | 9.40 | -5.43 | 86.13 | 3.03 | 79.67 | 8.15 | 20.33 | -23.57 | 0.00 | 0 | 17.33 | -3.78 |
| 2014 (1) | 3.40 | -8.6 | 28.19 | 0 | 6.10 | 0 | 1.46 | 3.31 | 8.29 | 0 | 6.88 | 0 | 16.86 | 0 | 9.09 | 0 | 1.29 | -3.73 | 9.94 | -6.67 | 83.60 | -14.62 | 73.67 | -13.89 | 26.60 | 84.08 | 0.00 | 0 | 18.01 | 7.59 |
