- 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) | 34.36 | 27.97 | 129.68 | 10.66 | -1.57 | 11.39 | 8.08 | 0.87 | 31.17 | 8.12 | 1.37 | 31.39 | 6.47 | 6.77 | 30.71 | 10.04 | 1.31 | 47.65 | 4.31 | 4.61 | 35.53 | 0.64 | 0.0 | 8.47 | 9.03 | 0.11 | 25.07 | 121.65 | -32.78 | 9.53 | 99.57 | -0.43 | -0.06 | 0.43 | 0 | 16.49 | 2.24 | -13.51 | -18.55 |
| 24Q2 (19) | 26.85 | -0.26 | 79.48 | 10.83 | -2.17 | 22.93 | 8.01 | -4.76 | 29.19 | 8.01 | -5.54 | 26.74 | 6.06 | -10.36 | 30.32 | 9.91 | -4.44 | 48.8 | 4.12 | -16.94 | 41.1 | 0.64 | -8.57 | 10.34 | 9.02 | -5.05 | 25.45 | 180.98 | 39.45 | 15.21 | 100.00 | 0.77 | 1.89 | 0.00 | -100.0 | -100.0 | 2.59 | -0.77 | 4.02 |
| 24Q1 (18) | 26.92 | 33.93 | 42.74 | 11.07 | 0.36 | 32.89 | 8.41 | 6.05 | 39.24 | 8.48 | 11.43 | 51.16 | 6.76 | 12.67 | 52.25 | 10.37 | 21.86 | 27.08 | 4.96 | 18.38 | 34.05 | 0.70 | 4.48 | -11.39 | 9.50 | 13.23 | 52.49 | 129.78 | 17.6 | -5.12 | 99.24 | -4.78 | -7.78 | 0.78 | 118.48 | 110.24 | 2.61 | -4.74 | 35.94 |
| 23Q4 (17) | 20.10 | 34.36 | -11.02 | 11.03 | 15.26 | 31.15 | 7.93 | 28.73 | 26.88 | 7.61 | 23.14 | 33.98 | 6.00 | 21.21 | 32.74 | 8.51 | 25.15 | -20.09 | 4.19 | 31.76 | -8.11 | 0.67 | 13.56 | -30.93 | 8.39 | 16.2 | 35.76 | 110.36 | -0.64 | -14.48 | 104.22 | 4.6 | -5.43 | -4.22 | -1247.06 | 58.56 | 2.74 | -0.36 | 53.07 |
| 23Q3 (16) | 14.96 | 0.0 | -39.38 | 9.57 | 8.63 | 18.29 | 6.16 | -0.65 | 0.65 | 6.18 | -2.22 | -9.65 | 4.95 | 6.45 | -8.67 | 6.80 | 2.1 | -48.6 | 3.18 | 8.9 | -34.84 | 0.59 | 1.72 | -30.59 | 7.22 | 0.42 | -3.48 | 111.07 | -29.3 | -30.47 | 99.63 | 1.52 | 11.26 | 0.37 | -80.18 | -96.49 | 2.75 | 10.44 | 65.66 |
| 23Q2 (15) | 14.96 | -20.68 | -26.59 | 8.81 | 5.76 | 5.51 | 6.20 | 2.65 | 1.64 | 6.32 | 12.66 | 4.98 | 4.65 | 4.73 | -2.11 | 6.66 | -18.38 | -44.17 | 2.92 | -21.08 | -28.61 | 0.58 | -26.58 | -29.27 | 7.19 | 15.41 | 9.6 | 157.09 | 14.84 | -27.47 | 98.15 | -8.8 | -3.27 | 1.85 | 124.37 | 226.93 | 2.49 | 29.69 | 66.0 |
| 23Q1 (14) | 18.86 | -16.51 | 40.54 | 8.33 | -0.95 | 7.9 | 6.04 | -3.36 | 5.41 | 5.61 | -1.23 | -4.27 | 4.44 | -1.77 | -4.1 | 8.16 | -23.38 | -0.37 | 3.70 | -18.86 | 31.21 | 0.79 | -18.56 | 36.21 | 6.23 | 0.81 | -2.96 | 136.79 | 6.01 | -31.06 | 107.61 | -2.34 | 10.02 | -7.61 | 25.18 | -448.08 | 1.92 | 7.26 | 7.87 |
| 22Q4 (13) | 22.59 | -8.47 | 51.1 | 8.41 | 3.96 | 4.86 | 6.25 | 2.12 | 3.99 | 5.68 | -16.96 | -2.41 | 4.52 | -16.61 | -1.74 | 10.65 | -19.5 | 6.29 | 4.56 | -6.56 | 34.12 | 0.97 | 14.12 | 36.62 | 6.18 | -17.38 | -2.37 | 129.04 | -19.22 | -38.44 | 110.20 | 23.05 | 6.65 | -10.18 | -197.22 | -206.18 | 1.79 | 7.83 | 9.15 |
| 22Q3 (12) | 24.68 | 21.1 | 112.94 | 8.09 | -3.11 | -0.25 | 6.12 | 0.33 | 2.68 | 6.84 | 13.62 | 20.21 | 5.42 | 14.11 | 20.98 | 13.23 | 10.9 | 55.28 | 4.88 | 19.32 | 63.21 | 0.85 | 3.66 | 32.81 | 7.48 | 14.02 | 20.45 | 159.75 | -26.24 | -21.03 | 89.55 | -11.74 | -14.56 | 10.47 | 816.16 | 317.35 | 1.66 | 10.67 | -4.6 |
| 22Q2 (11) | 20.38 | 51.86 | 54.39 | 8.35 | 8.16 | 2.71 | 6.10 | 6.46 | 4.45 | 6.02 | 2.73 | 4.7 | 4.75 | 2.59 | 5.32 | 11.93 | 45.67 | 26.65 | 4.09 | 45.04 | 12.05 | 0.82 | 41.38 | 3.8 | 6.56 | 2.18 | 6.67 | 216.59 | 9.16 | 14.02 | 101.46 | 3.73 | 0.0 | -1.46 | -166.82 | -0.06 | 1.50 | -15.73 | 20.97 |
| 22Q1 (10) | 13.42 | -10.23 | 38.07 | 7.72 | -3.74 | -5.97 | 5.73 | -4.66 | -1.38 | 5.86 | 0.69 | 6.16 | 4.63 | 0.65 | 7.18 | 8.19 | -18.26 | 22.24 | 2.82 | -17.06 | -4.41 | 0.58 | -18.31 | -12.12 | 6.42 | 1.42 | 7.72 | 198.42 | -5.33 | 38.67 | 97.81 | -5.33 | -7.07 | 2.19 | 165.81 | 141.59 | 1.78 | 8.54 | 10.56 |
| 21Q4 (9) | 14.95 | 28.99 | -4.35 | 8.02 | -1.11 | -7.07 | 6.01 | 0.84 | -10.43 | 5.82 | 2.28 | -12.08 | 4.60 | 2.68 | -11.54 | 10.02 | 17.61 | -14.94 | 3.40 | 13.71 | -29.75 | 0.71 | 10.94 | -21.98 | 6.33 | 1.93 | -8.92 | 209.60 | 3.61 | 70.07 | 103.32 | -1.42 | 1.86 | -3.32 | 30.99 | -130.97 | 1.64 | -5.75 | 26.15 |
| 21Q3 (8) | 11.59 | -12.2 | -9.74 | 8.11 | -0.25 | -5.26 | 5.96 | 2.05 | -5.85 | 5.69 | -1.04 | -5.95 | 4.48 | -0.67 | -5.88 | 8.52 | -9.55 | -21.04 | 2.99 | -18.08 | -23.14 | 0.64 | -18.99 | -20.0 | 6.21 | 0.98 | -2.66 | 202.29 | 6.5 | 15.94 | 104.82 | 3.31 | 0.25 | -4.82 | -229.7 | -5.02 | 1.74 | 40.32 | 41.46 |
| 21Q2 (7) | 13.20 | 35.8 | 6.37 | 8.13 | -0.97 | 3.57 | 5.84 | 0.52 | 4.1 | 5.75 | 4.17 | 9.94 | 4.51 | 4.4 | 8.15 | 9.42 | 40.6 | -10.03 | 3.65 | 23.73 | -13.51 | 0.79 | 19.7 | -19.39 | 6.15 | 3.19 | 11.01 | 189.95 | 32.75 | -1.03 | 101.46 | -3.61 | -5.45 | -1.46 | 72.22 | 79.93 | 1.24 | -22.98 | 18.1 |
| 21Q1 (6) | 9.72 | -37.81 | 16.13 | 8.21 | -4.87 | 9.18 | 5.81 | -13.41 | 12.82 | 5.52 | -16.62 | 5.75 | 4.32 | -16.92 | 3.85 | 6.70 | -43.12 | -4.01 | 2.95 | -39.05 | -8.39 | 0.66 | -27.47 | -9.59 | 5.96 | -14.24 | 3.11 | 143.09 | 16.11 | 17.51 | 105.26 | 3.77 | 6.65 | -5.26 | -265.45 | -501.82 | 1.61 | 23.85 | 25.78 |
| 20Q4 (5) | 15.63 | 21.73 | 35.91 | 8.63 | 0.82 | 18.06 | 6.71 | 6.0 | 18.55 | 6.62 | 9.42 | 33.47 | 5.20 | 9.24 | 32.32 | 11.78 | 9.18 | 16.87 | 4.84 | 24.42 | 4.76 | 0.91 | 13.75 | -19.47 | 6.95 | 8.93 | 31.38 | 123.24 | -29.37 | -10.78 | 101.44 | -2.98 | -11.08 | -1.44 | 68.62 | 89.78 | 1.30 | 5.69 | 0 |
| 20Q3 (4) | 12.84 | 3.46 | 0.0 | 8.56 | 9.04 | 0.0 | 6.33 | 12.83 | 0.0 | 6.05 | 15.68 | 0.0 | 4.76 | 14.15 | 0.0 | 10.79 | 3.06 | 0.0 | 3.89 | -7.82 | 0.0 | 0.80 | -18.37 | 0.0 | 6.38 | 15.16 | 0.0 | 174.48 | -9.09 | 0.0 | 104.55 | -2.57 | 0.0 | -4.59 | 36.99 | 0.0 | 1.23 | 17.14 | 0.0 |
| 20Q2 (3) | 12.41 | 48.27 | 0.0 | 7.85 | 4.39 | 0.0 | 5.61 | 8.93 | 0.0 | 5.23 | 0.19 | 0.0 | 4.17 | 0.24 | 0.0 | 10.47 | 50.0 | 0.0 | 4.22 | 31.06 | 0.0 | 0.98 | 34.25 | 0.0 | 5.54 | -4.15 | 0.0 | 191.93 | 57.62 | 0.0 | 107.31 | 8.74 | 0.0 | -7.28 | -656.06 | 0.0 | 1.05 | -17.97 | 0.0 |
| 20Q1 (2) | 8.37 | -27.22 | 0.0 | 7.52 | 2.87 | 0.0 | 5.15 | -9.01 | 0.0 | 5.22 | 5.24 | 0.0 | 4.16 | 5.85 | 0.0 | 6.98 | -30.75 | 0.0 | 3.22 | -30.3 | 0.0 | 0.73 | -35.4 | 0.0 | 5.78 | 9.26 | 0.0 | 121.77 | -11.84 | 0.0 | 98.69 | -13.49 | 0.0 | 1.31 | 109.29 | 0.0 | 1.28 | 0 | 0.0 |
| 19Q4 (1) | 11.50 | 0.0 | 0.0 | 7.31 | 0.0 | 0.0 | 5.66 | 0.0 | 0.0 | 4.96 | 0.0 | 0.0 | 3.93 | 0.0 | 0.0 | 10.08 | 0.0 | 0.0 | 4.62 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 5.29 | 0.0 | 0.0 | 138.13 | 0.0 | 0.0 | 114.08 | 0.0 | 0.0 | -14.08 | 0.0 | 0.0 | 0.00 | 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) | 68.88 | -15.04 | 9.37 | 14.41 | 6.56 | 7.72 | 0.36 | 57.73 | 6.38 | 4.42 | 4.98 | 2.89 | 29.73 | -30.62 | 14.41 | -15.98 | 2.72 | -19.29 | 7.19 | 7.8 | 110.36 | -14.48 | 102.76 | 3.13 | -2.76 | 0 | 0.15 | -4.36 | 2.43 | 44.64 |
| 2022 (9) | 81.07 | 63.91 | 8.19 | 0.99 | 6.09 | 3.05 | 0.23 | -12.0 | 6.11 | 7.01 | 4.84 | 7.8 | 42.85 | 28.52 | 17.15 | 33.88 | 3.37 | 22.1 | 6.67 | 7.93 | 129.04 | -38.44 | 99.65 | -3.77 | 0.35 | 0 | 0.16 | 32.96 | 1.68 | 8.39 |
| 2021 (8) | 49.46 | 0.43 | 8.11 | -0.98 | 5.91 | -1.66 | 0.26 | 32.35 | 5.71 | -1.89 | 4.49 | -2.6 | 33.34 | -13.38 | 12.81 | -25.57 | 2.76 | -23.97 | 6.18 | -0.32 | 209.60 | 70.07 | 103.56 | 0.29 | -3.56 | 0 | 0.12 | -1.64 | 1.55 | 28.1 |
| 2020 (7) | 49.25 | 35.23 | 8.19 | 18.01 | 6.01 | 20.44 | 0.20 | 59.17 | 5.82 | 22.78 | 4.61 | 22.28 | 38.49 | -3.32 | 17.21 | 2.2 | 3.63 | -15.38 | 6.20 | 22.29 | 123.24 | -10.78 | 103.26 | -1.83 | -3.25 | 0 | 0.12 | 200.99 | 1.21 | 10.0 |
| 2019 (6) | 36.42 | -4.16 | 6.94 | 18.03 | 4.99 | 27.3 | 0.12 | 351.56 | 4.74 | 20.92 | 3.77 | 22.4 | 39.81 | -50.77 | 16.84 | -21.75 | 4.29 | -35.97 | 5.07 | 23.36 | 138.13 | -14.58 | 105.18 | 5.06 | -5.18 | 0 | 0.04 | 59.0 | 1.10 | 92.98 |
| 2018 (5) | 38.00 | 224.79 | 5.88 | 18.79 | 3.92 | 82.33 | 0.03 | -26.07 | 3.92 | 104.17 | 3.08 | 118.44 | 80.87 | 61.38 | 21.52 | 190.03 | 6.70 | 45.97 | 4.11 | 85.97 | 161.71 | -78.66 | 100.11 | -10.66 | -0.10 | 0 | 0.02 | 0 | 0.57 | -31.33 |
| 2017 (4) | 11.70 | 162.33 | 4.95 | -8.16 | 2.15 | 52.48 | 0.04 | -54.4 | 1.92 | 51.18 | 1.41 | 43.88 | 50.11 | 119.11 | 7.42 | 90.75 | 4.59 | 27.86 | 2.21 | 48.32 | 757.73 | 42.05 | 112.06 | 0.58 | -12.00 | 0 | 0.00 | 0 | 0.83 | -53.37 |
| 2016 (3) | 4.46 | -31.7 | 5.39 | -48.86 | 1.41 | -47.78 | 0.08 | -63.13 | 1.27 | -58.77 | 0.98 | -61.26 | 22.87 | -35.45 | 3.89 | -43.54 | 3.59 | 35.98 | 1.49 | -56.69 | 533.42 | -8.03 | 111.41 | 27.06 | -11.41 | 0 | 0.00 | 0 | 1.78 | -54.36 |
| 2015 (2) | 6.53 | 191.52 | 10.54 | -13.75 | 2.70 | 30.43 | 0.22 | -43.51 | 3.08 | 41.94 | 2.53 | 43.75 | 35.43 | 78.04 | 6.89 | 69.29 | 2.64 | 20.55 | 3.44 | 25.09 | 579.97 | 173.64 | 87.69 | -8.62 | 12.31 | 143.78 | 0.00 | 0 | 3.90 | -39.53 |
| 2014 (1) | 2.24 | 0 | 12.22 | 0 | 2.07 | 0 | 0.39 | 0 | 2.17 | 0 | 1.76 | 0 | 19.90 | 0 | 4.07 | 0 | 2.19 | 0 | 2.75 | 0 | 211.95 | -81.19 | 95.96 | 0 | 5.05 | 0 | 0.00 | 0 | 6.45 | 0 |
