- 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) | 2.77 | 8.63 | 103.68 | 22.70 | -4.98 | 13.22 | 14.64 | -3.56 | 48.48 | 14.52 | -5.65 | 28.16 | 11.39 | -6.33 | 28.85 | 5.94 | 0.68 | 77.84 | 3.20 | -1.84 | 56.86 | 0.28 | 7.69 | 21.74 | 16.43 | -6.65 | 15.38 | 89.24 | 1.27 | 32.92 | 100.73 | 2.12 | 15.89 | -0.73 | -153.24 | -105.65 | 8.45 | -11.43 | -16.5 |
| 24Q2 (19) | 2.55 | 53.61 | 155.0 | 23.89 | 4.64 | 31.48 | 15.18 | 19.25 | 119.68 | 15.39 | 14.17 | 104.11 | 12.16 | 19.33 | 70.31 | 5.90 | 49.37 | 134.13 | 3.26 | 40.52 | 118.79 | 0.26 | 18.18 | 30.0 | 17.60 | 8.37 | 63.27 | 88.12 | 12.84 | 36.92 | 98.63 | 4.39 | 7.36 | 1.37 | -75.23 | -83.88 | 9.54 | -4.22 | -10.92 |
| 24Q1 (18) | 1.66 | 14.48 | 315.58 | 22.83 | 4.63 | 23.54 | 12.73 | 8.16 | 99.84 | 13.48 | 18.14 | 70.2 | 10.19 | 14.75 | 280.35 | 3.95 | 15.84 | 314.67 | 2.32 | 12.08 | 325.24 | 0.22 | -4.35 | 15.79 | 16.24 | 14.37 | 44.36 | 78.09 | 15.33 | -4.95 | 94.48 | -8.43 | 17.19 | 5.52 | 273.83 | -71.52 | 9.96 | -0.6 | -9.78 |
| 23Q4 (17) | 1.45 | 6.62 | 34.26 | 21.82 | 8.83 | 7.12 | 11.77 | 19.37 | 32.84 | 11.41 | 0.71 | 26.64 | 8.88 | 0.45 | 27.04 | 3.41 | 2.1 | 38.62 | 2.07 | 1.47 | 38.93 | 0.23 | 0.0 | 9.52 | 14.20 | -0.28 | 18.63 | 67.71 | 0.85 | 1.58 | 103.17 | 18.7 | 4.86 | -3.17 | -124.67 | -297.35 | 10.02 | -0.99 | -2.15 |
| 23Q3 (16) | 1.36 | 36.0 | 36.0 | 20.05 | 10.35 | 26.26 | 9.86 | 42.69 | 70.29 | 11.33 | 50.27 | 45.82 | 8.84 | 23.81 | 47.83 | 3.34 | 32.54 | 42.13 | 2.04 | 36.91 | 48.91 | 0.23 | 15.0 | 4.55 | 14.24 | 32.1 | 36.27 | 67.14 | 4.32 | -3.85 | 86.92 | -5.39 | 16.45 | 12.87 | 51.75 | -49.25 | 10.12 | -5.51 | 11.09 |
| 23Q2 (15) | 1.00 | 229.87 | -7.41 | 18.17 | -1.68 | 7.51 | 6.91 | 8.48 | 0.73 | 7.54 | -4.8 | 6.35 | 7.14 | 226.37 | 18.21 | 2.52 | 236.96 | -2.33 | 1.49 | 244.66 | 8.76 | 0.20 | 5.26 | -9.09 | 10.78 | -4.18 | 11.71 | 64.36 | -21.67 | -21.8 | 91.87 | 13.95 | -5.33 | 8.48 | -56.23 | 161.36 | 10.71 | -2.99 | 14.18 |
| 23Q1 (14) | -0.77 | -171.3 | -150.33 | 18.48 | -9.28 | -10.29 | 6.37 | -28.1 | -40.74 | 7.92 | -12.1 | -28.65 | -5.65 | -180.83 | -168.82 | -1.84 | -174.8 | -150.97 | -1.03 | -169.13 | -154.79 | 0.19 | -9.52 | -17.39 | 11.25 | -6.02 | -17.1 | 82.16 | 23.25 | -19.87 | 80.62 | -18.06 | -16.69 | 19.38 | 1104.61 | 500.69 | 11.04 | 7.81 | 17.7 |
| 22Q4 (13) | 1.08 | 8.0 | -25.0 | 20.37 | 28.27 | 6.65 | 8.86 | 53.02 | -6.54 | 9.01 | 15.96 | -5.85 | 6.99 | 16.89 | -3.59 | 2.46 | 4.68 | -26.79 | 1.49 | 8.76 | -17.22 | 0.21 | -4.55 | -12.5 | 11.97 | 14.55 | 1.35 | 66.66 | -4.54 | -23.41 | 98.39 | 31.81 | -0.83 | 1.61 | -93.66 | 63.75 | 10.24 | 12.4 | 12.28 |
| 22Q3 (12) | 1.00 | -7.41 | -51.92 | 15.88 | -6.04 | -25.76 | 5.79 | -15.6 | -54.12 | 7.77 | 9.59 | -39.25 | 5.98 | -0.99 | -39.29 | 2.35 | -8.91 | -53.83 | 1.37 | 0.0 | -48.88 | 0.22 | 0.0 | -18.52 | 10.45 | 8.29 | -29.82 | 69.83 | -15.15 | -23.87 | 74.64 | -23.09 | -24.31 | 25.36 | 681.43 | 1738.32 | 9.11 | -2.88 | 6.05 |
| 22Q2 (11) | 1.08 | -29.41 | -51.13 | 16.90 | -17.96 | -24.96 | 6.86 | -36.19 | -45.94 | 7.09 | -36.13 | -45.29 | 6.04 | -26.43 | -44.49 | 2.58 | -28.53 | -54.74 | 1.37 | -27.13 | -52.43 | 0.22 | -4.35 | -15.38 | 9.65 | -28.89 | -36.14 | 82.30 | -19.73 | -11.4 | 97.05 | 0.29 | -0.84 | 3.24 | 0.59 | 63.63 | 9.38 | 0.0 | 3.65 |
| 22Q1 (10) | 1.53 | 6.25 | 18.6 | 20.60 | 7.85 | -0.82 | 10.75 | 13.4 | 7.72 | 11.10 | 15.99 | 10.12 | 8.21 | 13.24 | 12.01 | 3.61 | 7.44 | 10.74 | 1.88 | 4.44 | 8.67 | 0.23 | -4.17 | 0.0 | 13.57 | 14.9 | 8.65 | 102.53 | 17.81 | -4.61 | 96.77 | -2.46 | -2.19 | 3.23 | 228.39 | 205.16 | 9.38 | 2.85 | -9.98 |
| 21Q4 (9) | 1.44 | -30.77 | 28.57 | 19.10 | -10.71 | -11.66 | 9.48 | -24.88 | -4.72 | 9.57 | -25.18 | -3.04 | 7.25 | -26.4 | -2.68 | 3.36 | -33.99 | 21.3 | 1.80 | -32.84 | 14.65 | 0.24 | -11.11 | 14.29 | 11.81 | -20.69 | -6.93 | 87.03 | -5.11 | 14.91 | 99.21 | 0.6 | -1.53 | 0.98 | -28.78 | 229.67 | 9.12 | 6.17 | -12.05 |
| 21Q3 (8) | 2.08 | -5.88 | 47.52 | 21.39 | -5.02 | -8.0 | 12.62 | -0.55 | 8.7 | 12.79 | -1.31 | 10.93 | 9.85 | -9.47 | 12.7 | 5.09 | -10.7 | 39.45 | 2.68 | -6.94 | 34.0 | 0.27 | 3.85 | 22.73 | 14.89 | -1.46 | 5.98 | 91.72 | -1.26 | 8.15 | 98.62 | 0.76 | -2.17 | 1.38 | -30.44 | 271.03 | 8.59 | -5.08 | -13.76 |
| 21Q2 (7) | 2.21 | 71.32 | -12.99 | 22.52 | 8.43 | -11.37 | 12.69 | 27.15 | -18.81 | 12.96 | 28.57 | -16.39 | 10.88 | 48.43 | -15.26 | 5.70 | 74.85 | -13.24 | 2.88 | 66.47 | -22.37 | 0.26 | 13.04 | -10.34 | 15.11 | 20.98 | -13.21 | 92.89 | -13.57 | 2.23 | 97.88 | -1.08 | -2.96 | 1.98 | 87.59 | 330.88 | 9.05 | -13.15 | 0 |
| 21Q1 (6) | 1.29 | 15.18 | -19.38 | 20.77 | -3.93 | -8.98 | 9.98 | 0.3 | -19.26 | 10.08 | 2.13 | -19.04 | 7.33 | -1.61 | -22.92 | 3.26 | 17.69 | -21.07 | 1.73 | 10.19 | -28.51 | 0.23 | 9.52 | -8.0 | 12.49 | -1.58 | -15.61 | 107.48 | 41.91 | 59.3 | 98.94 | -1.8 | -0.34 | 1.06 | 239.53 | 47.2 | 10.42 | 0.48 | 0.97 |
| 20Q4 (5) | 1.12 | -20.57 | -24.32 | 21.62 | -7.01 | -5.55 | 9.95 | -14.3 | 5.4 | 9.87 | -14.4 | -3.61 | 7.45 | -14.76 | -6.64 | 2.77 | -24.11 | -27.3 | 1.57 | -21.5 | -27.98 | 0.21 | -4.55 | -22.22 | 12.69 | -9.68 | 1.6 | 75.74 | -10.69 | -3.34 | 100.76 | -0.05 | 9.15 | -0.76 | 6.06 | -109.85 | 10.37 | 4.12 | 8.13 |
| 20Q3 (4) | 1.41 | -44.49 | 0.0 | 23.25 | -8.5 | 0.0 | 11.61 | -25.72 | 0.0 | 11.53 | -25.61 | 0.0 | 8.74 | -31.93 | 0.0 | 3.65 | -44.44 | 0.0 | 2.00 | -46.09 | 0.0 | 0.22 | -24.14 | 0.0 | 14.05 | -19.3 | 0.0 | 84.81 | -6.66 | 0.0 | 100.81 | -0.05 | 0.0 | -0.81 | 6.11 | 0.0 | 9.96 | 0 | 0.0 |
| 20Q2 (3) | 2.54 | 58.75 | 0.0 | 25.41 | 11.35 | 0.0 | 15.63 | 26.46 | 0.0 | 15.50 | 24.5 | 0.0 | 12.84 | 35.02 | 0.0 | 6.57 | 59.08 | 0.0 | 3.71 | 53.31 | 0.0 | 0.29 | 16.0 | 0.0 | 17.41 | 17.64 | 0.0 | 90.86 | 34.67 | 0.0 | 100.86 | 1.59 | 0.0 | -0.86 | -219.6 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.60 | 8.11 | 0.0 | 22.82 | -0.31 | 0.0 | 12.36 | 30.93 | 0.0 | 12.45 | 21.58 | 0.0 | 9.51 | 19.17 | 0.0 | 4.13 | 8.4 | 0.0 | 2.42 | 11.01 | 0.0 | 0.25 | -7.41 | 0.0 | 14.80 | 18.49 | 0.0 | 67.47 | -13.9 | 0.0 | 99.28 | 7.56 | 0.0 | 0.72 | -90.66 | 0.0 | 10.32 | 7.61 | 0.0 |
| 19Q4 (1) | 1.48 | 0.0 | 0.0 | 22.89 | 0.0 | 0.0 | 9.44 | 0.0 | 0.0 | 10.24 | 0.0 | 0.0 | 7.98 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 12.49 | 0.0 | 0.0 | 78.36 | 0.0 | 0.0 | 92.31 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 9.59 | 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) | 3.05 | -34.97 | 19.74 | 7.11 | 8.90 | 9.74 | 2.85 | 14.92 | 9.69 | 10.36 | 5.15 | -24.6 | 7.03 | -34.24 | 4.31 | -30.03 | 0.82 | -7.87 | 12.73 | 11.37 | 67.71 | 1.58 | 91.87 | -0.59 | 8.13 | 7.13 | 0.06 | -20.04 | 10.44 | 9.78 |
| 2022 (9) | 4.69 | -33.1 | 18.43 | -12.11 | 8.11 | -27.98 | 2.48 | 20.45 | 8.78 | -23.12 | 6.83 | -23.26 | 10.69 | -35.33 | 6.16 | -33.19 | 0.89 | -12.75 | 11.43 | -16.2 | 66.66 | -23.41 | 92.41 | -6.31 | 7.59 | 454.84 | 0.07 | 11.07 | 9.51 | 2.81 |
| 2021 (8) | 7.01 | 5.1 | 20.97 | -10.42 | 11.26 | -10.63 | 2.06 | -3.76 | 11.42 | -8.93 | 8.90 | -9.55 | 16.53 | -1.67 | 9.22 | -4.46 | 1.02 | 5.15 | 13.64 | -8.52 | 87.03 | 14.91 | 98.63 | -1.76 | 1.37 | 0 | 0.06 | 106.0 | 9.25 | -6.75 |
| 2020 (7) | 6.67 | -3.61 | 23.41 | -0.85 | 12.60 | 2.36 | 2.14 | 5.6 | 12.54 | -1.65 | 9.84 | -1.6 | 16.81 | -12.22 | 9.65 | -9.56 | 0.97 | -6.73 | 14.91 | -1.26 | 75.74 | -3.34 | 100.40 | 4.03 | -0.44 | 0 | 0.03 | -38.03 | 9.92 | -0.9 |
| 2019 (6) | 6.92 | -7.24 | 23.61 | 4.42 | 12.31 | -8.75 | 2.03 | 4.42 | 12.75 | -5.2 | 10.00 | -3.1 | 19.15 | -20.67 | 10.67 | -20.13 | 1.04 | -17.46 | 15.10 | -4.07 | 78.36 | -13.36 | 96.51 | -3.77 | 3.49 | 0 | 0.05 | 11.44 | 10.01 | 8.1 |
| 2018 (5) | 7.46 | 81.07 | 22.61 | 9.07 | 13.49 | 61.94 | 1.94 | -10.76 | 13.45 | 63.82 | 10.32 | 65.92 | 24.14 | 63.33 | 13.36 | 56.62 | 1.26 | -5.26 | 15.74 | 47.65 | 90.44 | 14.67 | 100.29 | -1.13 | -0.25 | 0 | 0.04 | 0 | 9.26 | 5.11 |
| 2017 (4) | 4.12 | 9.57 | 20.73 | 3.49 | 8.33 | -8.06 | 2.17 | -25.38 | 8.21 | -5.74 | 6.22 | -8.26 | 14.78 | 4.23 | 8.53 | 2.28 | 1.33 | 11.76 | 10.66 | -10.65 | 78.87 | -0.14 | 101.44 | -2.56 | -1.44 | 0 | 0.00 | 0 | 8.81 | -14.55 |
| 2016 (3) | 3.76 | 20.9 | 20.03 | 2.67 | 9.06 | 14.39 | 2.91 | -20.71 | 8.71 | 14.3 | 6.78 | 16.49 | 14.18 | 15.94 | 8.34 | 18.3 | 1.19 | 1.71 | 11.93 | -1.16 | 78.98 | 10.03 | 104.11 | 0.13 | -4.02 | 0 | 0.00 | 0 | 10.31 | 0.1 |
| 2015 (2) | 3.11 | 0.0 | 19.51 | 8.21 | 7.92 | 13.79 | 3.67 | 4.35 | 7.62 | 4.67 | 5.82 | 4.3 | 12.23 | -7.28 | 7.05 | -1.95 | 1.17 | -5.65 | 12.07 | 3.34 | 71.78 | -19.19 | 103.97 | 8.76 | -3.97 | 0 | 0.00 | 0 | 10.30 | 10.52 |
| 2014 (1) | 3.11 | 21.48 | 18.03 | 0 | 6.96 | 0 | 3.52 | -6.39 | 7.28 | 0 | 5.58 | 0 | 13.19 | 0 | 7.19 | 0 | 1.24 | 6.9 | 11.68 | 2.46 | 88.83 | -5.28 | 95.59 | 2.83 | 4.41 | -37.38 | 0.00 | 0 | 9.32 | -2.1 |
