- 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) | 1.79 | -47.66 | -26.34 | 42.43 | -6.93 | 6.72 | 29.14 | -8.1 | 2.03 | 25.44 | -23.74 | -20.25 | 20.35 | -23.73 | -20.26 | 5.53 | -46.31 | -33.61 | 3.64 | -45.75 | -28.91 | 0.18 | -28.0 | -10.0 | 30.10 | -17.92 | -16.23 | 46.70 | -26.4 | -22.64 | 113.92 | 19.5 | 28.31 | -13.92 | -398.37 | -235.44 | 12.30 | 16.92 | -1.13 |
| 24Q2 (19) | 3.42 | 10.32 | 94.32 | 45.59 | 6.79 | 18.42 | 31.71 | 7.06 | 20.2 | 33.36 | 1.96 | 14.05 | 26.68 | 1.95 | 12.38 | 10.30 | 11.35 | 87.96 | 6.71 | 8.4 | 85.87 | 0.25 | 8.7 | 66.67 | 36.67 | 1.02 | 6.35 | 63.45 | 35.06 | -10.73 | 95.33 | 5.41 | 5.0 | 4.67 | -51.18 | -49.33 | 10.52 | -14.26 | -28.77 |
| 24Q1 (18) | 3.10 | 102.61 | 189.72 | 42.69 | 4.35 | 24.82 | 29.62 | -4.57 | 29.68 | 32.72 | 32.85 | 61.58 | 26.17 | 33.18 | 61.54 | 9.25 | 88.78 | 209.36 | 6.19 | 94.65 | 196.17 | 0.23 | 43.75 | 91.67 | 36.30 | 20.84 | 35.85 | 46.98 | -16.63 | 14.47 | 90.44 | -28.71 | -19.8 | 9.56 | 137.67 | 174.88 | 12.27 | -15.79 | -32.73 |
| 23Q4 (17) | 1.53 | -37.04 | 101.32 | 40.91 | 2.89 | 15.6 | 31.04 | 8.68 | 50.75 | 24.63 | -22.79 | 77.58 | 19.65 | -23.0 | 85.03 | 4.90 | -41.18 | 125.81 | 3.18 | -37.89 | 132.12 | 0.16 | -20.0 | 33.33 | 30.04 | -16.39 | 53.27 | 56.35 | -6.66 | -4.43 | 126.87 | 42.89 | -14.61 | -25.37 | -346.81 | 47.76 | 14.57 | 17.12 | -3.45 |
| 23Q3 (16) | 2.43 | 38.07 | -27.25 | 39.76 | 3.27 | 2.26 | 28.56 | 8.26 | 12.53 | 31.90 | 9.06 | -10.67 | 25.52 | 7.5 | -10.68 | 8.33 | 52.01 | -17.93 | 5.12 | 41.83 | -5.19 | 0.20 | 33.33 | 5.26 | 35.93 | 4.21 | -8.27 | 60.37 | -15.07 | -17.89 | 88.79 | -2.21 | 25.49 | 10.28 | 11.62 | -64.02 | 12.44 | -15.78 | 11.87 |
| 23Q2 (15) | 1.76 | 64.49 | -45.0 | 38.50 | 12.57 | 1.77 | 26.38 | 15.5 | 15.0 | 29.25 | 44.44 | 1.35 | 23.74 | 46.54 | 1.98 | 5.48 | 83.28 | -40.56 | 3.61 | 72.73 | -26.63 | 0.15 | 25.0 | -28.57 | 34.48 | 29.04 | 8.16 | 71.08 | 73.2 | -35.28 | 90.79 | -19.49 | 13.69 | 9.21 | 172.15 | -55.85 | 14.77 | -19.02 | 30.13 |
| 23Q1 (14) | 1.07 | 40.79 | -64.33 | 34.20 | -3.36 | 8.47 | 22.84 | 10.93 | 13.01 | 20.25 | 46.0 | -18.58 | 16.20 | 52.54 | -18.55 | 2.99 | 37.79 | -63.4 | 2.09 | 52.55 | -54.66 | 0.12 | 0.0 | -47.83 | 26.72 | 36.33 | -3.01 | 41.04 | -30.39 | -44.15 | 112.77 | -24.1 | 39.11 | -12.77 | 73.72 | -167.4 | 18.24 | 20.87 | 80.77 |
| 22Q4 (13) | 0.76 | -77.25 | -66.07 | 35.39 | -8.98 | 4.74 | 20.59 | -18.87 | -3.65 | 13.87 | -61.16 | -31.37 | 10.62 | -62.83 | -33.33 | 2.17 | -78.62 | -67.02 | 1.37 | -74.63 | -59.71 | 0.12 | -36.84 | -42.86 | 19.60 | -49.96 | -15.08 | 58.96 | -19.8 | -32.35 | 148.57 | 110.0 | 40.16 | -48.57 | -270.0 | -709.52 | 15.09 | 35.7 | 52.42 |
| 22Q3 (12) | 3.34 | 4.37 | 42.74 | 38.88 | 2.78 | 14.93 | 25.38 | 10.64 | 37.19 | 35.71 | 23.74 | 95.78 | 28.57 | 22.72 | 95.82 | 10.15 | 10.09 | 37.35 | 5.40 | 9.76 | 48.35 | 0.19 | -9.52 | -20.83 | 39.17 | 22.87 | 88.86 | 73.52 | -33.06 | -32.35 | 70.75 | -11.41 | -29.93 | 28.57 | 36.95 | 3042.86 | 11.12 | -2.03 | 19.57 |
| 22Q2 (11) | 3.20 | 6.67 | 18.96 | 37.83 | 19.98 | 3.5 | 22.94 | 13.51 | 11.25 | 28.86 | 16.04 | 58.14 | 23.28 | 17.04 | 61.22 | 9.22 | 12.85 | 17.01 | 4.92 | 6.72 | 9.33 | 0.21 | -8.7 | -32.26 | 31.88 | 15.72 | 59.4 | 109.83 | 49.47 | 4.08 | 79.86 | -1.49 | -29.02 | 20.86 | 10.16 | 266.91 | 11.35 | 12.49 | 26.39 |
| 22Q1 (10) | 3.00 | 33.93 | 7.14 | 31.53 | -6.69 | -14.46 | 20.21 | -5.43 | -8.51 | 24.87 | 23.06 | 16.0 | 19.89 | 24.86 | 15.98 | 8.17 | 24.16 | 6.24 | 4.61 | 35.59 | -5.53 | 0.23 | 9.52 | -17.86 | 27.55 | 19.37 | 18.04 | 73.48 | -15.7 | 37.76 | 81.06 | -23.53 | -21.49 | 18.94 | 415.66 | 682.39 | 10.09 | 1.92 | 5.21 |
| 21Q4 (9) | 2.24 | -4.27 | -33.33 | 33.79 | -0.12 | -14.2 | 21.37 | 15.51 | -22.35 | 20.21 | 10.8 | -18.84 | 15.93 | 9.18 | -20.23 | 6.58 | -10.96 | -34.33 | 3.40 | -6.59 | -44.98 | 0.21 | -12.5 | -32.26 | 23.08 | 11.28 | -12.87 | 87.16 | -19.79 | 33.91 | 106.00 | 4.98 | -3.81 | -6.00 | -518.0 | 41.2 | 9.90 | 6.45 | 15.93 |
| 21Q3 (8) | 2.34 | -13.01 | -13.01 | 33.83 | -7.44 | -11.18 | 18.50 | -10.28 | -33.19 | 18.24 | -0.05 | -28.83 | 14.59 | 1.04 | -28.83 | 7.39 | -6.22 | -16.5 | 3.64 | -19.11 | -31.71 | 0.24 | -22.58 | -7.69 | 20.74 | 3.7 | -24.55 | 108.67 | 2.99 | 76.01 | 100.97 | -10.25 | -6.92 | -0.97 | 92.23 | 88.54 | 9.30 | 3.56 | -8.91 |
| 21Q2 (7) | 2.69 | -3.93 | 6.75 | 36.55 | -0.84 | -11.67 | 20.62 | -6.65 | -26.72 | 18.25 | -14.88 | -30.05 | 14.44 | -15.8 | -30.81 | 7.88 | 2.47 | 2.34 | 4.50 | -7.79 | -8.91 | 0.31 | 10.71 | 34.78 | 20.00 | -14.31 | -28.83 | 105.52 | 97.83 | 45.83 | 112.50 | 8.96 | 3.92 | -12.50 | -284.37 | -51.39 | 8.98 | -6.36 | 0 |
| 21Q1 (6) | 2.80 | -16.67 | 11.11 | 36.86 | -6.4 | -6.4 | 22.09 | -19.73 | -16.04 | 21.44 | -13.9 | -20.83 | 17.15 | -14.12 | -20.86 | 7.69 | -23.25 | 4.63 | 4.88 | -21.04 | -3.75 | 0.28 | -9.68 | 21.74 | 23.34 | -11.89 | -20.45 | 53.34 | -18.05 | 18.93 | 103.25 | -6.31 | 6.12 | -3.25 | 68.13 | -220.33 | 9.59 | 12.3 | -15.95 |
| 20Q4 (5) | 3.36 | 24.91 | 107.41 | 39.38 | 3.39 | 2.74 | 27.52 | -0.61 | 3.34 | 24.90 | -2.85 | 19.31 | 19.97 | -2.59 | 20.23 | 10.02 | 13.22 | 99.6 | 6.18 | 15.95 | 79.65 | 0.31 | 19.23 | 55.0 | 26.49 | -3.64 | 12.15 | 65.09 | 5.43 | 37.73 | 110.20 | 1.59 | -12.81 | -10.20 | -20.41 | 63.27 | 8.54 | -16.36 | -26.76 |
| 20Q3 (4) | 2.69 | 6.75 | 0.0 | 38.09 | -7.95 | 0.0 | 27.69 | -1.6 | 0.0 | 25.63 | -1.76 | 0.0 | 20.50 | -1.77 | 0.0 | 8.85 | 14.94 | 0.0 | 5.33 | 7.89 | 0.0 | 0.26 | 13.04 | 0.0 | 27.49 | -2.17 | 0.0 | 61.74 | -14.68 | 0.0 | 108.47 | 0.2 | 0.0 | -8.47 | -2.64 | 0.0 | 10.21 | 0 | 0.0 |
| 20Q2 (3) | 2.52 | 0.0 | 0.0 | 41.38 | 5.08 | 0.0 | 28.14 | 6.96 | 0.0 | 26.09 | -3.66 | 0.0 | 20.87 | -3.69 | 0.0 | 7.70 | 4.76 | 0.0 | 4.94 | -2.56 | 0.0 | 0.23 | 0.0 | 0.0 | 28.10 | -4.23 | 0.0 | 72.36 | 61.34 | 0.0 | 108.26 | 11.26 | 0.0 | -8.26 | -405.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.52 | 55.56 | 0.0 | 39.38 | 2.74 | 0.0 | 26.31 | -1.2 | 0.0 | 27.08 | 29.76 | 0.0 | 21.67 | 30.46 | 0.0 | 7.35 | 46.41 | 0.0 | 5.07 | 47.38 | 0.0 | 0.23 | 15.0 | 0.0 | 29.34 | 24.22 | 0.0 | 44.85 | -5.1 | 0.0 | 97.30 | -23.02 | 0.0 | 2.70 | 109.73 | 0.0 | 11.41 | -2.14 | 0.0 |
| 19Q4 (1) | 1.62 | 0.0 | 0.0 | 38.33 | 0.0 | 0.0 | 26.63 | 0.0 | 0.0 | 20.87 | 0.0 | 0.0 | 16.61 | 0.0 | 0.0 | 5.02 | 0.0 | 0.0 | 3.44 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 23.62 | 0.0 | 0.0 | 47.26 | 0.0 | 0.0 | 126.39 | 0.0 | 0.0 | -27.78 | 0.0 | 0.0 | 11.66 | 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) | 6.79 | -34.08 | 38.57 | 7.95 | 27.45 | 22.98 | 4.45 | 52.18 | 27.01 | -0.07 | 21.68 | 0.32 | 20.19 | -30.86 | 13.11 | -23.65 | 0.59 | -24.36 | 32.09 | 5.52 | 56.35 | -4.43 | 101.68 | 23.16 | -1.68 | 0 | 0.00 | 0 | 14.75 | 28.71 |
| 2022 (9) | 10.30 | 2.18 | 35.73 | 1.05 | 22.32 | 8.19 | 2.93 | 48.83 | 27.03 | 38.83 | 21.61 | 39.6 | 29.20 | 1.78 | 17.17 | 3.93 | 0.78 | -25.71 | 30.41 | 40.27 | 58.96 | -32.35 | 82.56 | -21.99 | 17.44 | 0 | 0.00 | 0 | 11.46 | 21.79 |
| 2021 (8) | 10.08 | -9.19 | 35.36 | -10.5 | 20.63 | -24.82 | 1.97 | 12.05 | 19.47 | -24.59 | 15.48 | -25.11 | 28.69 | -11.59 | 16.52 | -20.92 | 1.05 | 5.0 | 21.68 | -21.93 | 87.16 | 33.91 | 105.83 | -0.53 | -5.83 | 0 | 0.00 | 0 | 9.41 | -7.2 |
| 2020 (7) | 11.10 | 23.33 | 39.51 | 1.49 | 27.44 | 0.07 | 1.76 | -19.42 | 25.82 | -4.33 | 20.67 | -3.95 | 32.45 | 19.26 | 20.89 | 11.59 | 1.00 | 16.28 | 27.77 | -5.58 | 65.09 | 37.73 | 106.39 | 4.81 | -6.19 | 0 | 0.00 | 0 | 10.14 | -13.85 |
| 2019 (6) | 9.00 | 3.93 | 38.93 | 3.37 | 27.42 | 4.46 | 2.18 | -9.04 | 26.99 | -2.0 | 21.52 | -2.58 | 27.21 | 3.58 | 18.72 | -1.89 | 0.86 | 0.0 | 29.41 | -2.1 | 47.26 | 2.52 | 101.51 | 6.56 | -1.51 | 0 | 0.00 | 0 | 11.77 | 0.94 |
| 2018 (5) | 8.66 | 0.81 | 37.66 | -5.68 | 26.25 | -11.02 | 2.39 | -5.2 | 27.54 | 1.47 | 22.09 | -1.56 | 26.27 | 0.81 | 19.08 | -6.88 | 0.86 | -5.49 | 30.04 | 0.84 | 46.10 | 52.35 | 95.26 | -12.42 | 4.74 | 0 | 0.00 | 0 | 11.66 | 7.86 |
| 2017 (4) | 8.59 | -17.56 | 39.93 | -6.57 | 29.50 | -6.76 | 2.53 | 0.17 | 27.14 | -14.87 | 22.44 | -14.94 | 26.06 | -20.74 | 20.49 | -19.84 | 0.91 | -6.19 | 29.79 | -13.68 | 30.26 | 20.27 | 108.77 | 9.51 | -8.77 | 0 | 0.00 | 0 | 10.81 | 0.0 |
| 2016 (3) | 10.42 | 17.47 | 42.74 | 3.29 | 31.64 | 7.29 | 2.52 | -1.26 | 31.88 | 1.56 | 26.38 | 5.99 | 32.88 | 9.89 | 25.56 | 11.91 | 0.97 | 6.59 | 34.51 | 1.26 | 25.16 | -24.65 | 99.32 | 5.78 | 0.68 | -88.89 | 0.00 | 0 | 10.81 | -4.17 |
| 2015 (2) | 8.87 | 1.37 | 41.38 | 9.62 | 29.49 | 12.47 | 2.55 | 34.61 | 31.39 | 10.18 | 24.89 | 2.39 | 29.92 | -7.6 | 22.84 | -8.64 | 0.91 | -10.78 | 34.08 | 11.7 | 33.39 | 11.78 | 93.89 | 1.81 | 6.11 | -24.19 | 0.00 | 0 | 11.28 | 2.55 |
| 2014 (1) | 8.75 | 42.97 | 37.75 | 0 | 26.22 | 0 | 1.90 | -17.35 | 28.49 | 0 | 24.31 | 0 | 32.38 | 0 | 25.00 | 0 | 1.02 | 13.33 | 30.51 | 15.35 | 29.87 | -0.7 | 92.22 | -4.15 | 8.06 | 139.65 | 0.00 | 0 | 11.00 | -7.17 |
