- 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) | 0.60 | -42.86 | -1.64 | 31.18 | -6.56 | 13.26 | 12.69 | -29.46 | 5.05 | 12.51 | -31.79 | 5.21 | 8.96 | -39.66 | -2.82 | 2.39 | -50.31 | -18.71 | 1.61 | -45.05 | -10.56 | 0.17 | -10.53 | -10.53 | 19.31 | -22.33 | 1.79 | 49.94 | -22.32 | -26.82 | 101.34 | 3.64 | -0.12 | -1.34 | -175.84 | 8.05 | 18.71 | 16.79 | 12.3 |
| 24Q2 (19) | 1.05 | 26.51 | 64.06 | 33.37 | 10.06 | 36.09 | 17.99 | 15.25 | 106.07 | 18.34 | 18.17 | 93.26 | 14.85 | 24.06 | 52.94 | 4.81 | 24.29 | 52.22 | 2.93 | 23.11 | 58.38 | 0.19 | 0.0 | 5.56 | 24.86 | 12.03 | 46.24 | 64.29 | -11.43 | -13.52 | 97.79 | -2.73 | 5.61 | 1.77 | 430.97 | -78.76 | 16.02 | 1.78 | -6.15 |
| 24Q1 (18) | 0.83 | 88.64 | 5.06 | 30.32 | 6.57 | -1.3 | 15.61 | 50.53 | -4.12 | 15.52 | 52.76 | 1.04 | 11.97 | 61.54 | 5.09 | 3.87 | 88.78 | -0.51 | 2.38 | 80.3 | 8.68 | 0.19 | 11.76 | 5.56 | 22.19 | 22.53 | -1.42 | 72.59 | 15.35 | -17.42 | 100.53 | -1.36 | -5.11 | -0.53 | 72.19 | 91.01 | 15.74 | -14.87 | -0.94 |
| 23Q4 (17) | 0.44 | -27.87 | -42.11 | 28.45 | 3.34 | -8.17 | 10.37 | -14.16 | -27.89 | 10.16 | -14.55 | -23.03 | 7.41 | -19.63 | -31.52 | 2.05 | -30.27 | -45.48 | 1.32 | -26.67 | -35.61 | 0.17 | -10.53 | -5.56 | 18.11 | -4.53 | -9.68 | 62.93 | -7.78 | -27.99 | 101.92 | 0.46 | -6.23 | -1.92 | -31.73 | 77.88 | 18.49 | 10.98 | 9.99 |
| 23Q3 (16) | 0.61 | -4.69 | -46.02 | 27.53 | 12.28 | -4.51 | 12.08 | 38.37 | -22.06 | 11.89 | 25.29 | -32.75 | 9.22 | -5.05 | -32.06 | 2.94 | -6.96 | -49.66 | 1.80 | -2.7 | -38.98 | 0.19 | 5.56 | -9.52 | 18.97 | 11.59 | -18.09 | 68.24 | -8.21 | -31.53 | 101.46 | 9.58 | 15.56 | -1.46 | -117.52 | -111.96 | 16.66 | -2.4 | 22.14 |
| 23Q2 (15) | 0.64 | -18.99 | -25.58 | 24.52 | -20.18 | -10.74 | 8.73 | -46.38 | -32.22 | 9.49 | -38.22 | -29.7 | 9.71 | -14.75 | -10.01 | 3.16 | -18.77 | -32.33 | 1.85 | -15.53 | -19.57 | 0.18 | 0.0 | -14.29 | 17.00 | -24.48 | -10.38 | 74.34 | -15.43 | -32.47 | 92.59 | -12.6 | -2.7 | 8.33 | 240.15 | 72.22 | 17.07 | 7.43 | 26.73 |
| 23Q1 (14) | 0.79 | 3.95 | 11.27 | 30.72 | -0.84 | 27.57 | 16.28 | 13.21 | 44.33 | 15.36 | 16.36 | 29.4 | 11.39 | 5.27 | 31.37 | 3.89 | 3.46 | -1.52 | 2.19 | 6.83 | 10.05 | 0.18 | 0.0 | -18.18 | 22.51 | 12.27 | 32.41 | 87.90 | 0.58 | -21.04 | 105.95 | -2.53 | 11.87 | -5.95 | 31.62 | -226.35 | 15.89 | -5.47 | 22.99 |
| 22Q4 (13) | 0.76 | -32.74 | 55.1 | 30.98 | 7.46 | 15.21 | 14.38 | -7.23 | 65.48 | 13.20 | -25.34 | 47.65 | 10.82 | -20.27 | 53.04 | 3.76 | -35.62 | 35.74 | 2.05 | -30.51 | 40.41 | 0.18 | -14.29 | -10.0 | 20.05 | -13.43 | 31.3 | 87.39 | -12.32 | -11.74 | 108.70 | 23.81 | 11.8 | -8.70 | -171.25 | -413.04 | 16.81 | 23.24 | 10.96 |
| 22Q3 (12) | 1.13 | 31.4 | 121.57 | 28.83 | 4.95 | 9.25 | 15.50 | 20.34 | 53.62 | 17.68 | 30.96 | 63.7 | 13.57 | 25.76 | 75.55 | 5.84 | 25.05 | 95.32 | 2.95 | 28.26 | 89.1 | 0.21 | 0.0 | 10.53 | 23.16 | 22.09 | 33.18 | 99.67 | -9.46 | -0.59 | 87.80 | -7.74 | -6.15 | 12.20 | 152.23 | 89.17 | 13.64 | 1.26 | -10.73 |
| 22Q2 (11) | 0.86 | 21.13 | 22.86 | 27.47 | 14.08 | -5.24 | 12.88 | 14.18 | -0.23 | 13.50 | 13.73 | 9.14 | 10.79 | 24.45 | 7.26 | 4.67 | 18.23 | 11.19 | 2.30 | 15.58 | 7.98 | 0.21 | -4.55 | 0.0 | 18.97 | 11.59 | 1.77 | 110.09 | -1.1 | 11.2 | 95.16 | 0.48 | -8.52 | 4.84 | 2.82 | 220.16 | 13.47 | 4.26 | -5.61 |
| 22Q1 (10) | 0.71 | 44.9 | -7.79 | 24.08 | -10.45 | -16.99 | 11.28 | 29.8 | -29.85 | 11.87 | 32.77 | -23.86 | 8.67 | 22.63 | -24.08 | 3.95 | 42.6 | -15.78 | 1.99 | 36.3 | -16.03 | 0.22 | 10.0 | 10.0 | 17.00 | 11.33 | -22.76 | 111.32 | 12.43 | 3.2 | 94.71 | -2.59 | -7.81 | 4.71 | 69.41 | 243.53 | 12.92 | -14.72 | -6.17 |
| 21Q4 (9) | 0.49 | -3.92 | 53.12 | 26.89 | 1.89 | -4.88 | 8.69 | -13.88 | 23.26 | 8.94 | -17.22 | 27.17 | 7.07 | -8.54 | 16.67 | 2.77 | -7.36 | 42.05 | 1.46 | -6.41 | 40.38 | 0.20 | 5.26 | 25.0 | 15.27 | -12.19 | 2.9 | 99.01 | -1.25 | -1.07 | 97.22 | 3.93 | -2.78 | 2.78 | -56.94 | 0 | 15.15 | -0.85 | -15.97 |
| 21Q3 (8) | 0.51 | -27.14 | 27.5 | 26.39 | -8.97 | -9.25 | 10.09 | -21.84 | -15.64 | 10.80 | -12.69 | -6.57 | 7.73 | -23.16 | -1.4 | 2.99 | -28.81 | 17.72 | 1.56 | -26.76 | 19.08 | 0.19 | -9.52 | 18.75 | 17.39 | -6.71 | -10.41 | 100.26 | 1.27 | -0.73 | 93.55 | -10.07 | -9.98 | 6.45 | 260.22 | 264.52 | 15.28 | 7.08 | -6.66 |
| 21Q2 (7) | 0.70 | -9.09 | 55.56 | 28.99 | -0.07 | 1.22 | 12.91 | -19.71 | 11.39 | 12.37 | -20.65 | 7.29 | 10.06 | -11.91 | 15.9 | 4.20 | -10.45 | 42.86 | 2.13 | -10.13 | 46.9 | 0.21 | 5.0 | 31.25 | 18.64 | -15.31 | 0.43 | 99.00 | -8.22 | -10.89 | 104.03 | 1.26 | 3.04 | -4.03 | -22.82 | -318.79 | 14.27 | 3.63 | 0 |
| 21Q1 (6) | 0.77 | 140.62 | 67.39 | 29.01 | 2.62 | 5.68 | 16.08 | 128.09 | 32.13 | 15.59 | 121.76 | 29.16 | 11.42 | 88.45 | 24.95 | 4.69 | 140.51 | 56.86 | 2.37 | 127.88 | 58.0 | 0.20 | 25.0 | 33.33 | 22.01 | 48.32 | 14.81 | 107.87 | 7.78 | -5.99 | 102.73 | 2.73 | 1.78 | -3.28 | 0 | -250.82 | 13.77 | -23.63 | -10.64 |
| 20Q4 (5) | 0.32 | -20.0 | 3.23 | 28.27 | -2.79 | 12.9 | 7.05 | -41.05 | 6.17 | 7.03 | -39.19 | 26.67 | 6.06 | -22.7 | 3.95 | 1.95 | -23.23 | -2.01 | 1.04 | -20.61 | -1.89 | 0.16 | 0.0 | 0.0 | 14.84 | -23.54 | 21.04 | 100.08 | -0.91 | -9.05 | 100.00 | -3.77 | -16.13 | 0.00 | 100.0 | 100.0 | 18.03 | 10.14 | 10.61 |
| 20Q3 (4) | 0.40 | -11.11 | 0.0 | 29.08 | 1.54 | 0.0 | 11.96 | 3.19 | 0.0 | 11.56 | 0.26 | 0.0 | 7.84 | -9.68 | 0.0 | 2.54 | -13.61 | 0.0 | 1.31 | -9.66 | 0.0 | 0.16 | 0.0 | 0.0 | 19.41 | 4.58 | 0.0 | 101.00 | -9.09 | 0.0 | 103.92 | 2.93 | 0.0 | -3.92 | -307.84 | 0.0 | 16.37 | 0 | 0.0 |
| 20Q2 (3) | 0.45 | -2.17 | 0.0 | 28.64 | 4.34 | 0.0 | 11.59 | -4.77 | 0.0 | 11.53 | -4.47 | 0.0 | 8.68 | -5.03 | 0.0 | 2.94 | -1.67 | 0.0 | 1.45 | -3.33 | 0.0 | 0.16 | 6.67 | 0.0 | 18.56 | -3.18 | 0.0 | 111.10 | -3.17 | 0.0 | 100.96 | 0.03 | 0.0 | -0.96 | -2.88 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.46 | 48.39 | 0.0 | 27.45 | 9.62 | 0.0 | 12.17 | 83.28 | 0.0 | 12.07 | 117.48 | 0.0 | 9.14 | 56.78 | 0.0 | 2.99 | 50.25 | 0.0 | 1.50 | 41.51 | 0.0 | 0.15 | -6.25 | 0.0 | 19.17 | 56.36 | 0.0 | 114.74 | 4.27 | 0.0 | 100.93 | -15.35 | 0.0 | -0.93 | 95.14 | 0.0 | 15.41 | -5.46 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 25.04 | 0.0 | 0.0 | 6.64 | 0.0 | 0.0 | 5.55 | 0.0 | 0.0 | 5.83 | 0.0 | 0.0 | 1.99 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 12.26 | 0.0 | 0.0 | 110.04 | 0.0 | 0.0 | 119.23 | 0.0 | 0.0 | -19.23 | 0.0 | 0.0 | 16.30 | 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) | 2.48 | -28.32 | 27.83 | 0.4 | 11.96 | -11.34 | 6.55 | 32.4 | 11.82 | -16.23 | 9.51 | -13.39 | 11.79 | -34.06 | 7.13 | -26.04 | 0.71 | -15.48 | 19.22 | -2.83 | 62.93 | -27.99 | 101.31 | 5.99 | -1.31 | 0 | 0.00 | 0 | 16.98 | 20.34 |
| 2022 (9) | 3.46 | 39.52 | 27.72 | -0.4 | 13.49 | 13.08 | 4.95 | -10.06 | 14.11 | 18.47 | 10.98 | 21.06 | 17.88 | 25.56 | 9.64 | 30.45 | 0.84 | 6.33 | 19.78 | 8.03 | 87.39 | -11.74 | 95.58 | -4.59 | 4.42 | 0 | 0.00 | 0 | 14.11 | -3.49 |
| 2021 (8) | 2.48 | 52.15 | 27.83 | -1.87 | 11.93 | 11.81 | 5.50 | -16.03 | 11.91 | 13.11 | 9.07 | 14.52 | 14.24 | 41.13 | 7.39 | 41.3 | 0.79 | 27.42 | 18.31 | 1.89 | 99.01 | -1.07 | 100.18 | -1.13 | -0.18 | 0 | 0.00 | 0 | 14.62 | -11.71 |
| 2020 (7) | 1.63 | 34.71 | 28.36 | 15.94 | 10.67 | 38.21 | 6.55 | 13.09 | 10.53 | 44.44 | 7.92 | 38.7 | 10.09 | 29.19 | 5.23 | 20.79 | 0.62 | -8.82 | 17.97 | 27.81 | 100.08 | -9.05 | 101.32 | -4.29 | -1.32 | 0 | 0.00 | 0 | 16.56 | 6.29 |
| 2019 (6) | 1.21 | 26.04 | 24.46 | 12.1 | 7.72 | 31.29 | 5.79 | -7.68 | 7.29 | 17.2 | 5.71 | 16.77 | 7.81 | 24.56 | 4.33 | 16.71 | 0.68 | 0.0 | 14.06 | 4.61 | 110.04 | 20.34 | 105.86 | 11.57 | -5.86 | 0 | 0.00 | 0 | 15.58 | 3.73 |
| 2018 (5) | 0.96 | 123.26 | 21.82 | 3.51 | 5.88 | 15.98 | 6.27 | -10.8 | 6.22 | 86.23 | 4.89 | 118.3 | 6.27 | 127.17 | 3.71 | 89.29 | 0.68 | 7.94 | 13.44 | 15.46 | 91.44 | 4.89 | 94.88 | -37.92 | 5.58 | 0 | 0.00 | 0 | 15.02 | 0.6 |
| 2017 (4) | 0.43 | -24.56 | 21.08 | -9.22 | 5.07 | -14.65 | 7.03 | -17.31 | 3.34 | -29.24 | 2.24 | -26.07 | 2.76 | -23.55 | 1.96 | -20.65 | 0.63 | 5.0 | 11.64 | -23.27 | 87.18 | -18.59 | 152.83 | 20.92 | -51.89 | 0 | 0.00 | 0 | 14.93 | -5.33 |
| 2016 (3) | 0.57 | -41.24 | 23.22 | -2.6 | 5.94 | -17.5 | 8.50 | -1.58 | 4.72 | -34.9 | 3.03 | -40.59 | 3.61 | -39.63 | 2.47 | -30.81 | 0.60 | 0.0 | 15.17 | -15.01 | 107.09 | 20.18 | 126.39 | 27.51 | -25.69 | 0 | 0.00 | 0 | 15.77 | 2.74 |
| 2015 (2) | 0.97 | 125.58 | 23.84 | 20.4 | 7.20 | 107.49 | 8.64 | 1.65 | 7.25 | 101.95 | 5.10 | 139.44 | 5.98 | 123.13 | 3.57 | 89.89 | 0.60 | 0.0 | 17.85 | 28.14 | 89.11 | -13.93 | 99.12 | 2.57 | 0.88 | -73.9 | 0.00 | 0 | 15.35 | 11.39 |
| 2014 (1) | 0.43 | -42.67 | 19.80 | 0 | 3.47 | 0 | 8.50 | 15.03 | 3.59 | 0 | 2.13 | 0 | 2.68 | 0 | 1.88 | 0 | 0.60 | -7.69 | 13.93 | -7.87 | 103.53 | -7.95 | 96.64 | 24.25 | 3.36 | -84.87 | 0.00 | 0 | 13.78 | 5.27 |
