- 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) | 2.64 | -17.5 | -15.38 | 8.92 | -2.09 | -3.67 | 3.22 | -7.2 | -11.54 | 3.26 | -9.44 | -12.6 | 2.61 | -9.38 | -12.71 | 7.64 | -2.18 | -11.78 | 2.42 | -10.04 | -24.14 | 0.92 | 0.0 | -13.21 | 4.60 | -5.93 | -7.63 | 189.34 | -24.51 | 11.02 | 98.68 | 2.42 | 1.17 | 1.44 | -60.58 | -41.45 | 3.45 | 4.86 | 6.15 |
| 24Q2 (19) | 3.20 | -15.34 | -17.1 | 9.11 | -3.5 | -8.44 | 3.47 | -16.59 | -9.16 | 3.60 | -14.89 | -9.09 | 2.88 | -14.79 | -10.28 | 7.81 | -8.01 | -11.75 | 2.69 | -17.23 | -24.01 | 0.92 | -3.16 | -16.36 | 4.89 | -11.41 | -3.74 | 250.83 | 67.1 | 42.1 | 96.35 | -1.92 | 0.01 | 3.65 | 107.48 | -2.77 | 3.29 | 4.11 | 6.13 |
| 24Q1 (18) | 3.78 | -20.75 | -7.13 | 9.44 | 1.4 | -7.18 | 4.16 | -0.95 | -4.37 | 4.23 | 2.67 | -4.51 | 3.38 | -3.43 | -4.52 | 8.49 | -29.01 | -1.39 | 3.25 | -25.8 | -6.61 | 0.95 | -24.0 | -3.06 | 5.52 | 7.39 | -0.9 | 150.11 | -15.77 | 14.03 | 98.24 | -3.61 | 0.04 | 1.76 | 191.54 | -2.2 | 3.16 | 14.49 | -3.66 |
| 23Q4 (17) | 4.77 | 52.88 | 2.14 | 9.31 | 0.54 | -7.09 | 4.20 | 15.38 | -0.94 | 4.12 | 10.46 | 0.98 | 3.50 | 17.06 | 9.03 | 11.96 | 38.11 | 10.13 | 4.38 | 37.3 | 6.31 | 1.25 | 17.92 | -2.34 | 5.14 | 3.21 | 4.47 | 178.21 | 4.5 | 7.37 | 101.92 | 4.49 | -2.08 | -1.92 | -178.2 | 53.01 | 2.76 | -15.08 | 5.75 |
| 23Q3 (16) | 3.12 | -19.17 | -9.83 | 9.26 | -6.93 | -2.22 | 3.64 | -4.71 | -2.41 | 3.73 | -5.81 | -6.52 | 2.99 | -6.85 | -6.85 | 8.66 | -2.15 | -2.37 | 3.19 | -9.89 | 2.9 | 1.06 | -3.64 | 10.42 | 4.98 | -1.97 | -4.23 | 170.54 | -3.39 | 5.71 | 97.54 | 1.25 | 4.54 | 2.46 | -34.54 | -63.3 | 3.25 | 4.84 | -1.81 |
| 23Q2 (15) | 3.86 | -5.16 | 1.31 | 9.95 | -2.16 | 0.91 | 3.82 | -12.18 | -5.68 | 3.96 | -10.61 | -4.81 | 3.21 | -9.32 | -3.02 | 8.85 | 2.79 | -5.14 | 3.54 | 1.72 | 2.91 | 1.10 | 12.24 | 6.8 | 5.08 | -8.8 | -5.05 | 176.52 | 34.09 | -18.28 | 96.34 | -1.89 | -1.2 | 3.75 | 108.7 | 56.9 | 3.10 | -5.49 | 1.64 |
| 23Q1 (14) | 4.07 | -12.85 | -10.15 | 10.17 | 1.5 | -1.83 | 4.35 | 2.59 | -3.97 | 4.43 | 8.58 | -1.34 | 3.54 | 10.28 | -1.39 | 8.61 | -20.72 | -3.26 | 3.48 | -15.53 | -3.6 | 0.98 | -23.44 | -2.0 | 5.57 | 13.21 | -1.59 | 131.64 | -20.68 | -3.13 | 98.20 | -5.66 | -2.65 | 1.80 | 143.98 | 331.56 | 3.28 | 25.67 | 2.18 |
| 22Q4 (13) | 4.67 | 34.97 | -7.16 | 10.02 | 5.81 | 1.42 | 4.24 | 13.67 | 0.24 | 4.08 | 2.26 | -4.0 | 3.21 | 0.0 | -5.87 | 10.86 | 22.44 | -0.73 | 4.12 | 32.9 | -2.83 | 1.28 | 33.33 | 3.23 | 4.92 | -5.38 | -5.2 | 165.97 | 2.88 | 3.67 | 104.09 | 11.56 | 4.64 | -4.09 | -161.08 | -878.37 | 2.61 | -21.15 | -5.43 |
| 22Q3 (12) | 3.46 | -9.19 | -9.9 | 9.47 | -3.96 | -6.7 | 3.73 | -7.9 | -18.56 | 3.99 | -4.09 | -6.12 | 3.21 | -3.02 | -3.6 | 8.87 | -4.93 | -4.11 | 3.10 | -9.88 | -7.19 | 0.96 | -6.8 | -4.0 | 5.20 | -2.8 | -3.88 | 161.33 | -25.31 | 2.44 | 93.30 | -4.31 | -13.42 | 6.70 | 179.85 | 186.26 | 3.31 | 8.52 | -0.3 |
| 22Q2 (11) | 3.81 | -15.89 | -21.6 | 9.86 | -4.83 | -3.24 | 4.05 | -10.6 | -18.18 | 4.16 | -7.35 | -16.3 | 3.31 | -7.8 | -16.62 | 9.33 | 4.83 | -21.46 | 3.44 | -4.71 | -23.39 | 1.03 | 3.0 | -8.85 | 5.35 | -5.48 | -11.28 | 216.01 | 58.96 | 7.39 | 97.51 | -3.33 | -2.22 | 2.39 | 408.01 | 781.18 | 3.05 | -4.98 | 2.69 |
| 22Q1 (10) | 4.53 | -9.94 | -18.67 | 10.36 | 4.86 | 0.29 | 4.53 | 7.09 | -1.74 | 4.49 | 5.65 | -12.98 | 3.59 | 5.28 | -15.33 | 8.90 | -18.65 | -16.35 | 3.61 | -14.86 | -17.77 | 1.00 | -19.35 | -2.91 | 5.66 | 9.06 | -11.84 | 135.89 | -15.12 | 3.46 | 100.87 | 1.41 | 13.04 | -0.78 | -247.83 | -107.22 | 3.21 | 16.3 | -4.18 |
| 21Q4 (9) | 5.03 | 30.99 | 15.1 | 9.88 | -2.66 | 4.0 | 4.23 | -7.64 | 18.49 | 4.25 | 0.0 | 15.49 | 3.41 | 2.4 | 15.59 | 10.94 | 18.27 | 19.04 | 4.24 | 26.95 | 15.22 | 1.24 | 24.0 | 0.0 | 5.19 | -4.07 | 8.58 | 160.09 | 1.66 | 2.46 | 99.47 | -7.69 | 2.57 | 0.53 | 106.77 | -82.62 | 2.76 | -16.87 | -11.54 |
| 21Q3 (8) | 3.84 | -20.99 | 28.0 | 10.15 | -0.39 | 10.81 | 4.58 | -7.47 | 55.78 | 4.25 | -14.49 | 31.99 | 3.33 | -16.12 | 23.79 | 9.25 | -22.14 | 35.04 | 3.34 | -25.61 | 20.58 | 1.00 | -11.5 | -2.91 | 5.41 | -10.28 | 19.16 | 157.48 | -21.71 | 9.01 | 107.76 | 8.05 | 18.11 | -7.76 | -2958.83 | -188.55 | 3.32 | 11.78 | -13.09 |
| 21Q2 (7) | 4.86 | -12.75 | 44.64 | 10.19 | -1.36 | 11.73 | 4.95 | 7.38 | 70.1 | 4.97 | -3.68 | 38.06 | 3.97 | -6.37 | 34.12 | 11.88 | 11.65 | 58.4 | 4.49 | 2.28 | 42.54 | 1.13 | 9.71 | 6.6 | 6.03 | -6.07 | 24.07 | 201.15 | 53.14 | 32.35 | 99.73 | 11.75 | 23.31 | 0.27 | -97.48 | -98.58 | 2.97 | -11.34 | -19.73 |
| 21Q1 (6) | 5.57 | 27.46 | 76.27 | 10.33 | 8.74 | 5.52 | 4.61 | 29.13 | 23.92 | 5.16 | 40.22 | 39.84 | 4.24 | 43.73 | 45.21 | 10.64 | 15.78 | 53.98 | 4.39 | 19.29 | 46.33 | 1.03 | -16.94 | 0.98 | 6.42 | 34.31 | 29.18 | 131.35 | -15.94 | 3.33 | 89.24 | -7.98 | -11.55 | 10.76 | 256.0 | 1298.61 | 3.35 | 7.37 | -9.95 |
| 20Q4 (5) | 4.37 | 45.67 | 46.15 | 9.50 | 3.71 | -0.94 | 3.57 | 21.43 | 9.51 | 3.68 | 14.29 | 11.52 | 2.95 | 9.67 | 12.17 | 9.19 | 34.16 | 32.8 | 3.68 | 32.85 | 38.35 | 1.24 | 20.39 | 22.77 | 4.78 | 5.29 | 6.46 | 156.25 | 8.15 | 14.57 | 96.98 | 6.29 | -1.9 | 3.02 | -65.52 | 164.45 | 3.12 | -18.32 | -12.11 |
| 20Q3 (4) | 3.00 | -10.71 | 0.0 | 9.16 | 0.44 | 0.0 | 2.94 | 1.03 | 0.0 | 3.22 | -10.56 | 0.0 | 2.69 | -9.12 | 0.0 | 6.85 | -8.67 | 0.0 | 2.77 | -12.06 | 0.0 | 1.03 | -2.83 | 0.0 | 4.54 | -6.58 | 0.0 | 144.47 | -4.94 | 0.0 | 91.24 | 12.81 | 0.0 | 8.76 | -54.16 | 0.0 | 3.82 | 3.24 | 0.0 |
| 20Q2 (3) | 3.36 | 6.33 | 0.0 | 9.12 | -6.84 | 0.0 | 2.91 | -21.77 | 0.0 | 3.60 | -2.44 | 0.0 | 2.96 | 1.37 | 0.0 | 7.50 | 8.54 | 0.0 | 3.15 | 5.0 | 0.0 | 1.06 | 3.92 | 0.0 | 4.86 | -2.21 | 0.0 | 151.98 | 19.56 | 0.0 | 80.88 | -19.84 | 0.0 | 19.12 | 2230.28 | 0.0 | 3.70 | -0.54 | 0.0 |
| 20Q1 (2) | 3.16 | 5.69 | 0.0 | 9.79 | 2.09 | 0.0 | 3.72 | 14.11 | 0.0 | 3.69 | 11.82 | 0.0 | 2.92 | 11.03 | 0.0 | 6.91 | -0.14 | 0.0 | 3.00 | 12.78 | 0.0 | 1.02 | 0.99 | 0.0 | 4.97 | 10.69 | 0.0 | 127.12 | -6.79 | 0.0 | 100.90 | 2.06 | 0.0 | -0.90 | -178.55 | 0.0 | 3.72 | 4.79 | 0.0 |
| 19Q4 (1) | 2.99 | 0.0 | 0.0 | 9.59 | 0.0 | 0.0 | 3.26 | 0.0 | 0.0 | 3.30 | 0.0 | 0.0 | 2.63 | 0.0 | 0.0 | 6.92 | 0.0 | 0.0 | 2.66 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | 4.49 | 0.0 | 0.0 | 136.38 | 0.0 | 0.0 | 98.86 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 3.55 | 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) | 15.10 | -3.94 | 9.65 | -2.82 | 4.01 | -3.14 | 1.07 | 5.53 | 4.06 | -2.64 | 3.32 | 0.0 | 36.14 | -1.31 | 13.34 | -4.44 | 4.00 | -4.53 | 5.19 | -1.14 | 178.21 | 7.37 | 98.76 | -0.62 | 1.26 | 101.43 | 0.14 | -36.36 | 3.07 | 1.99 |
| 2022 (9) | 15.72 | -12.76 | 9.93 | -1.88 | 4.14 | -9.41 | 1.01 | 0.86 | 4.17 | -9.74 | 3.32 | -10.51 | 36.62 | -11.67 | 13.96 | -13.29 | 4.19 | -3.23 | 5.25 | -8.06 | 165.97 | 3.67 | 99.37 | 0.43 | 0.63 | -40.51 | 0.22 | -36.15 | 3.01 | -1.95 |
| 2021 (8) | 18.02 | 29.92 | 10.12 | 7.66 | 4.57 | 38.48 | 1.00 | -9.87 | 4.62 | 29.78 | 3.71 | 28.37 | 41.46 | 40.35 | 16.10 | 34.05 | 4.33 | 4.34 | 5.71 | 19.21 | 160.09 | 2.46 | 98.95 | 6.62 | 1.05 | -85.37 | 0.34 | -35.79 | 3.07 | -13.52 |
| 2020 (7) | 13.87 | 39.4 | 9.40 | -4.18 | 3.30 | 3.45 | 1.11 | -5.91 | 3.56 | 7.23 | 2.89 | 7.43 | 29.54 | 30.94 | 12.01 | 15.15 | 4.15 | 7.51 | 4.79 | 3.46 | 156.25 | 14.57 | 92.81 | -3.55 | 7.19 | 90.47 | 0.53 | -38.84 | 3.55 | -8.97 |
| 2019 (6) | 9.95 | -3.86 | 9.81 | -3.25 | 3.19 | -5.9 | 1.18 | 86.42 | 3.32 | -5.68 | 2.69 | -21.8 | 22.56 | -6.0 | 10.43 | -13.52 | 3.86 | 10.29 | 4.63 | 7.93 | 136.38 | 39.04 | 96.22 | 0.15 | 3.78 | -1.93 | 0.86 | -17.56 | 3.90 | -5.8 |
| 2018 (5) | 10.35 | 14.11 | 10.14 | -7.57 | 3.39 | -18.9 | 0.64 | 99.26 | 3.52 | -22.98 | 3.44 | -9.47 | 24.00 | 10.7 | 12.06 | 4.33 | 3.50 | 15.13 | 4.29 | -13.51 | 98.09 | -2.62 | 96.08 | 5.14 | 3.85 | -55.31 | 1.05 | 0 | 4.14 | -3.72 |
| 2017 (4) | 9.07 | 7.34 | 10.97 | -6.96 | 4.18 | -7.52 | 0.32 | 1.76 | 4.57 | -9.15 | 3.80 | -8.43 | 21.68 | 6.27 | 11.56 | -2.53 | 3.04 | 6.67 | 4.96 | -8.15 | 100.73 | 34.4 | 91.38 | 1.53 | 8.62 | -13.75 | 0.00 | 0 | 4.30 | -6.32 |
| 2016 (3) | 8.45 | 12.97 | 11.79 | -2.56 | 4.52 | 9.44 | 0.31 | -30.13 | 5.03 | 4.36 | 4.15 | 7.24 | 20.40 | 23.79 | 11.86 | 17.31 | 2.85 | 9.2 | 5.40 | 1.12 | 74.95 | 7.3 | 90.01 | 5.05 | 9.99 | -30.22 | 0.00 | 0 | 4.59 | -5.56 |
| 2015 (2) | 7.48 | -17.89 | 12.10 | -12.51 | 4.13 | -30.82 | 0.45 | -16.91 | 4.82 | -23.73 | 3.87 | -18.35 | 16.48 | -41.7 | 10.11 | -34.39 | 2.61 | -13.58 | 5.34 | -23.28 | 69.85 | 22.72 | 85.68 | -9.34 | 14.32 | 163.7 | 0.00 | 0 | 4.86 | -3.95 |
| 2014 (1) | 9.11 | 107.52 | 13.83 | 0 | 5.97 | 0 | 0.54 | -31.12 | 6.32 | 0 | 4.74 | 0 | 28.27 | 0 | 15.41 | 0 | 3.02 | -18.82 | 6.96 | 22.11 | 56.92 | -65.83 | 94.50 | -0.85 | 5.43 | 15.81 | 0.00 | 0 | 5.06 | -17.18 |
