- 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) | 2.60 | 3.59 | 91.18 | 45.83 | 29.17 | -6.66 | 32.37 | 28.86 | 10.86 | 30.79 | 26.66 | 14.38 | 24.08 | 31.23 | 19.68 | 4.28 | 7.0 | 103.81 | 1.67 | 1.21 | 51.82 | 0.06 | -25.0 | 20.0 | 44.75 | 36.02 | 23.01 | 181.50 | -9.22 | 57.32 | 105.11 | 1.65 | -2.85 | -5.11 | -50.0 | 37.61 | 8.03 | 12.78 | -35.5 |
| 24Q2 (19) | 2.51 | 11.06 | -11.31 | 35.48 | 8.73 | -13.78 | 25.12 | 13.56 | -18.78 | 24.31 | -0.78 | -25.54 | 18.35 | -6.33 | -24.58 | 4.00 | 10.5 | -17.36 | 1.65 | -1.2 | -28.88 | 0.08 | 0.0 | -11.11 | 32.90 | 10.25 | -11.87 | 199.94 | 43.96 | 76.56 | 103.41 | 14.74 | 9.05 | -3.41 | -135.68 | -165.91 | 7.12 | -13.17 | -6.19 |
| 24Q1 (18) | 2.26 | 10.24 | -21.53 | 32.63 | -18.06 | -22.79 | 22.12 | -15.67 | -28.99 | 24.50 | -8.1 | -20.89 | 19.59 | -9.52 | -19.08 | 3.62 | 5.85 | -26.27 | 1.67 | 0.0 | -32.93 | 0.08 | 14.29 | -20.0 | 29.84 | -9.88 | -15.85 | 138.89 | 11.18 | 12.09 | 90.13 | -8.25 | -10.55 | 9.55 | 438.85 | 2001.27 | 8.20 | -13.5 | 14.53 |
| 23Q4 (17) | 2.05 | 50.74 | -42.09 | 39.82 | -18.9 | -4.78 | 26.23 | -10.17 | -17.57 | 26.66 | -0.97 | -20.11 | 21.65 | 7.6 | -18.21 | 3.42 | 62.86 | -44.12 | 1.67 | 51.82 | -52.01 | 0.07 | 40.0 | -46.15 | 33.11 | -8.99 | -11.85 | 124.92 | 8.28 | 38.16 | 98.23 | -9.21 | 2.9 | 1.77 | 121.63 | -62.69 | 9.48 | -23.86 | 27.08 |
| 23Q3 (16) | 1.36 | -51.94 | -55.99 | 49.10 | 19.32 | 21.84 | 29.20 | -5.59 | -2.6 | 26.92 | -17.55 | -11.77 | 20.12 | -17.3 | -15.85 | 2.10 | -56.61 | -63.73 | 1.10 | -52.59 | -69.19 | 0.05 | -44.44 | -66.67 | 36.38 | -2.54 | 5.76 | 115.37 | 1.88 | 64.86 | 108.20 | 14.1 | 10.0 | -8.20 | -258.47 | -601.17 | 12.45 | 64.03 | 104.43 |
| 23Q2 (15) | 2.83 | -1.74 | -13.98 | 41.15 | -2.63 | -10.15 | 30.93 | -0.71 | -13.84 | 32.65 | 5.42 | -9.56 | 24.33 | 0.5 | -14.27 | 4.84 | -1.43 | -19.47 | 2.32 | -6.83 | -40.66 | 0.09 | -10.0 | -35.71 | 37.33 | 5.27 | -8.97 | 113.24 | -8.61 | 84.13 | 94.83 | -5.88 | -4.55 | 5.17 | 1129.31 | 689.66 | 7.59 | 6.01 | 17.31 |
| 23Q1 (14) | 2.88 | -18.64 | 19.5 | 42.26 | 1.05 | 4.35 | 31.15 | -2.11 | 5.09 | 30.97 | -7.19 | 4.7 | 24.21 | -8.54 | 4.67 | 4.91 | -19.77 | 18.03 | 2.49 | -28.45 | -17.82 | 0.10 | -23.08 | -23.08 | 35.46 | -5.59 | 5.44 | 123.91 | 37.04 | 143.77 | 100.75 | 5.55 | 0.75 | -0.50 | -110.57 | -66.83 | 7.16 | -4.02 | -12.04 |
| 22Q4 (13) | 3.54 | 14.56 | 63.89 | 41.82 | 3.77 | -15.36 | 31.82 | 6.14 | -3.25 | 33.37 | 9.37 | -4.77 | 26.47 | 10.71 | -4.68 | 6.12 | 5.7 | 55.33 | 3.48 | -2.52 | 11.54 | 0.13 | -13.33 | 18.18 | 37.56 | 9.19 | -7.31 | 90.42 | 29.21 | 234.27 | 95.45 | -2.96 | 1.96 | 4.75 | 190.55 | -21.33 | 7.46 | 22.5 | -26.57 |
| 22Q3 (12) | 3.09 | -6.08 | 19.31 | 40.30 | -12.01 | -38.98 | 29.98 | -16.49 | -39.63 | 30.51 | -15.48 | -36.2 | 23.91 | -15.75 | -35.59 | 5.79 | -3.66 | 13.98 | 3.57 | -8.7 | -5.31 | 0.15 | 7.14 | 50.0 | 34.40 | -16.12 | -35.99 | 69.98 | 13.79 | 159.57 | 98.36 | -0.99 | -5.27 | 1.64 | 149.69 | 142.64 | 6.09 | -5.87 | -30.87 |
| 22Q2 (11) | 3.29 | 36.51 | 35.39 | 45.80 | 13.09 | -34.82 | 35.90 | 21.12 | -33.49 | 36.10 | 22.04 | -35.75 | 28.38 | 22.7 | -36.08 | 6.01 | 44.47 | 30.09 | 3.91 | 29.04 | 12.68 | 0.14 | 7.69 | 75.0 | 41.01 | 21.94 | -36.57 | 61.50 | 20.99 | 37.77 | 99.34 | -0.66 | 3.37 | 0.66 | 317.47 | -83.17 | 6.47 | -20.52 | -21.19 |
| 22Q1 (10) | 2.41 | 11.57 | -29.53 | 40.50 | -18.03 | -42.74 | 29.64 | -9.88 | -48.21 | 29.58 | -15.58 | -48.89 | 23.13 | -16.71 | -49.21 | 4.16 | 5.58 | -33.55 | 3.03 | -2.88 | -40.12 | 0.13 | 18.18 | 18.18 | 33.63 | -17.0 | -47.57 | 50.83 | 87.91 | 108.66 | 100.00 | 6.81 | 1.07 | -0.30 | -104.99 | -128.49 | 8.14 | -19.88 | 13.85 |
| 21Q4 (9) | 2.16 | -16.6 | -27.27 | 49.41 | -25.18 | -31.06 | 32.89 | -33.77 | -44.07 | 35.04 | -26.73 | -42.46 | 27.77 | -25.19 | -42.34 | 3.94 | -22.44 | -31.72 | 3.12 | -17.24 | -33.62 | 0.11 | 10.0 | 10.0 | 40.52 | -24.6 | -40.07 | 27.05 | 0.33 | 12.43 | 93.62 | -9.83 | -3.05 | 6.04 | 257.48 | 76.03 | 10.16 | 15.32 | 54.17 |
| 21Q3 (8) | 2.59 | 6.58 | -13.95 | 66.04 | -6.02 | -11.95 | 49.66 | -8.0 | -12.79 | 47.82 | -14.9 | -18.47 | 37.12 | -16.4 | -19.22 | 5.08 | 9.96 | -18.2 | 3.77 | 8.65 | -19.62 | 0.10 | 25.0 | 0.0 | 53.74 | -16.88 | -18.07 | 26.96 | -39.61 | 20.14 | 103.84 | 8.04 | 6.91 | -3.84 | -198.55 | -233.29 | 8.81 | 7.31 | 6.14 |
| 21Q2 (7) | 2.43 | -28.95 | 6.11 | 70.27 | -0.65 | 7.5 | 53.98 | -5.68 | 15.15 | 56.19 | -2.9 | 16.43 | 44.40 | -2.5 | 15.69 | 4.62 | -26.2 | 2.9 | 3.47 | -31.42 | 1.17 | 0.08 | -27.27 | -11.11 | 64.65 | 0.8 | 17.5 | 44.64 | 83.25 | 2.03 | 96.11 | -2.87 | -1.04 | 3.89 | 268.2 | 34.93 | 8.21 | 14.83 | 0 |
| 21Q1 (6) | 3.42 | 15.15 | 34.65 | 70.73 | -1.31 | 3.56 | 57.23 | -2.69 | 8.21 | 57.87 | -4.98 | 7.77 | 45.54 | -5.44 | 7.63 | 6.26 | 8.49 | 31.79 | 5.06 | 7.66 | 30.41 | 0.11 | 10.0 | 22.22 | 64.14 | -5.13 | 5.88 | 24.36 | 1.25 | 16.0 | 98.94 | 2.46 | 0.38 | 1.06 | -69.19 | -26.0 | 7.15 | 8.5 | -20.99 |
| 20Q4 (5) | 2.97 | -1.33 | -3.26 | 71.67 | -4.44 | 14.6 | 58.81 | 3.28 | 17.08 | 60.90 | 3.84 | 20.95 | 48.16 | 4.81 | 5.22 | 5.77 | -7.09 | -4.79 | 4.70 | 0.21 | -1.47 | 0.10 | 0.0 | 0.0 | 67.61 | 3.08 | 17.75 | 24.06 | 7.22 | -4.3 | 96.57 | -0.57 | -3.17 | 3.43 | 19.24 | 1159.31 | 6.59 | -20.6 | 0 |
| 20Q3 (4) | 3.01 | 31.44 | 0.0 | 75.00 | 14.73 | 0.0 | 56.94 | 21.46 | 0.0 | 58.65 | 21.53 | 0.0 | 45.95 | 19.72 | 0.0 | 6.21 | 38.31 | 0.0 | 4.69 | 36.73 | 0.0 | 0.10 | 11.11 | 0.0 | 65.59 | 19.21 | 0.0 | 22.44 | -48.71 | 0.0 | 97.12 | 0.01 | 0.0 | 2.88 | -0.24 | 0.0 | 8.30 | 0 | 0.0 |
| 20Q2 (3) | 2.29 | -9.84 | 0.0 | 65.37 | -4.29 | 0.0 | 46.88 | -11.36 | 0.0 | 48.26 | -10.13 | 0.0 | 38.38 | -9.29 | 0.0 | 4.49 | -5.47 | 0.0 | 3.43 | -11.6 | 0.0 | 0.09 | 0.0 | 0.0 | 55.02 | -9.18 | 0.0 | 43.75 | 108.33 | 0.0 | 97.12 | -1.48 | 0.0 | 2.88 | 101.92 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.54 | -17.26 | 0.0 | 68.30 | 9.21 | 0.0 | 52.89 | 5.3 | 0.0 | 53.70 | 6.65 | 0.0 | 42.31 | -7.56 | 0.0 | 4.75 | -21.62 | 0.0 | 3.88 | -18.66 | 0.0 | 0.09 | -10.0 | 0.0 | 60.58 | 5.5 | 0.0 | 21.00 | -16.47 | 0.0 | 98.57 | -1.16 | 0.0 | 1.43 | 424.29 | 0.0 | 9.05 | 0 | 0.0 |
| 19Q4 (1) | 3.07 | 0.0 | 0.0 | 62.54 | 0.0 | 0.0 | 50.23 | 0.0 | 0.0 | 50.35 | 0.0 | 0.0 | 45.77 | 0.0 | 0.0 | 6.06 | 0.0 | 0.0 | 4.77 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 57.42 | 0.0 | 0.0 | 25.14 | 0.0 | 0.0 | 99.73 | 0.0 | 0.0 | 0.27 | 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) | 9.12 | -26.03 | 42.42 | 0.78 | 29.56 | -7.19 | 3.94 | 9.29 | 29.75 | -8.32 | 22.96 | -10.07 | 14.61 | -30.73 | 7.49 | -44.27 | 0.31 | -40.38 | 35.57 | -3.11 | 124.92 | 38.16 | 99.37 | 1.27 | 0.63 | -66.47 | 0.00 | 0 | 8.70 | 24.29 |
| 2022 (9) | 12.33 | 16.43 | 42.09 | -33.69 | 31.85 | -33.42 | 3.60 | -41.74 | 32.45 | -33.22 | 25.53 | -33.17 | 21.09 | 8.26 | 13.44 | -13.74 | 0.52 | 26.83 | 36.71 | -33.27 | 90.42 | 234.27 | 98.12 | -0.32 | 1.88 | 20.08 | 0.00 | 0 | 7.00 | -18.79 |
| 2021 (8) | 10.59 | -2.04 | 63.47 | -9.6 | 47.84 | -11.39 | 6.19 | -5.77 | 48.59 | -12.45 | 38.20 | -12.77 | 19.48 | -5.21 | 15.58 | -5.92 | 0.41 | 7.89 | 55.01 | -11.69 | 27.05 | 12.43 | 98.43 | 1.22 | 1.57 | -41.76 | 0.00 | 0 | 8.62 | 4.74 |
| 2020 (7) | 10.81 | -0.18 | 70.21 | 4.28 | 53.99 | 2.68 | 6.56 | -6.96 | 55.50 | 3.74 | 43.79 | 0.76 | 20.55 | -2.14 | 16.56 | -2.7 | 0.38 | -2.56 | 62.29 | 2.25 | 24.06 | -4.3 | 97.24 | -1.05 | 2.69 | 55.7 | 0.00 | 0 | 8.23 | -3.86 |
| 2019 (6) | 10.83 | -10.72 | 67.33 | 6.48 | 52.58 | 4.85 | 7.06 | -33.07 | 53.50 | 5.94 | 43.46 | 11.75 | 21.00 | -12.97 | 17.02 | -17.1 | 0.39 | -26.42 | 60.92 | -0.25 | 25.14 | 8.46 | 98.27 | -1.03 | 1.73 | 146.75 | 0.00 | 0 | 8.56 | 16.78 |
| 2018 (5) | 12.13 | -3.12 | 63.23 | -11.27 | 50.15 | -11.52 | 10.54 | 23.36 | 50.50 | -12.16 | 38.89 | -20.55 | 24.13 | -5.22 | 20.53 | -9.36 | 0.53 | 15.22 | 61.07 | -7.51 | 23.18 | 92.85 | 99.30 | 0.68 | 0.70 | -51.29 | 0.00 | 0 | 7.33 | -9.84 |
| 2017 (4) | 12.52 | -5.37 | 71.26 | 11.64 | 56.68 | 5.98 | 8.55 | 41.96 | 57.49 | 6.68 | 48.95 | 6.14 | 25.46 | -9.36 | 22.65 | -7.32 | 0.46 | -13.21 | 66.03 | 10.27 | 12.02 | -6.09 | 98.63 | -0.61 | 1.44 | 85.98 | 0.00 | 0 | 8.13 | 14.67 |
| 2016 (3) | 13.23 | 16.87 | 63.83 | 3.52 | 53.48 | 3.74 | 6.02 | -11.47 | 53.89 | 2.82 | 46.12 | 3.02 | 28.09 | 8.88 | 24.44 | 9.3 | 0.53 | 6.0 | 59.88 | 1.15 | 12.80 | -25.62 | 99.23 | 0.91 | 0.77 | -53.59 | 0.00 | 0 | 7.09 | 5.98 |
| 2015 (2) | 11.32 | 20.04 | 61.66 | -10.52 | 51.55 | -7.6 | 6.80 | -7.83 | 52.41 | -8.33 | 44.77 | -7.14 | 25.80 | 13.56 | 22.36 | 11.58 | 0.50 | 19.05 | 59.20 | -8.32 | 17.21 | 28.53 | 98.34 | 0.82 | 1.66 | -30.15 | 0.00 | 0 | 6.69 | -30.67 |
| 2014 (1) | 9.43 | -17.71 | 68.91 | 0 | 55.79 | 0 | 7.38 | 6.71 | 57.17 | 0 | 48.21 | 0 | 22.72 | 0 | 20.04 | 0 | 0.42 | -10.64 | 64.57 | -5.09 | 13.39 | 0.0 | 97.53 | -1.08 | 2.38 | 62.38 | 0.00 | 0 | 9.65 | 19.43 |
