- 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) | 0.62 | 10.71 | -18.42 | 11.30 | 0.18 | 2.08 | 2.89 | -3.99 | -16.95 | 3.88 | 9.3 | -15.1 | 3.11 | 8.74 | -14.09 | 3.56 | 13.74 | -20.89 | 1.59 | 11.19 | -19.29 | 0.49 | 2.08 | -7.55 | 6.50 | 4.17 | -7.14 | 124.79 | -9.94 | -0.79 | 74.58 | -12.3 | -1.88 | 25.42 | 69.97 | 5.96 | 4.57 | 1.11 | 12.56 |
| 24Q2 (19) | 0.56 | -1.75 | -1.75 | 11.28 | -4.65 | 2.83 | 3.01 | -12.24 | -4.14 | 3.55 | -6.33 | -3.01 | 2.86 | -5.61 | -1.72 | 3.13 | -0.63 | -4.28 | 1.43 | -3.38 | 4.38 | 0.48 | 2.13 | 4.35 | 6.24 | -4.15 | -0.32 | 138.57 | 19.78 | -2.17 | 85.05 | -5.64 | -1.0 | 14.95 | 58.79 | 6.12 | 4.52 | -1.53 | 8.39 |
| 24Q1 (18) | 0.57 | -13.64 | 3.64 | 11.83 | 4.78 | 6.19 | 3.43 | -3.11 | 9.58 | 3.79 | -3.56 | 4.12 | 3.03 | -7.9 | 4.48 | 3.15 | -16.0 | 0.96 | 1.48 | -13.45 | 10.45 | 0.47 | -7.84 | 4.44 | 6.51 | 0.0 | 3.01 | 115.69 | -6.58 | -23.06 | 90.13 | 0.42 | 4.34 | 9.42 | -8.09 | -33.14 | 4.59 | 17.39 | 5.28 |
| 23Q4 (17) | 0.66 | -13.16 | 10.0 | 11.29 | 1.99 | 4.83 | 3.54 | 1.72 | 13.46 | 3.93 | -14.0 | 4.24 | 3.29 | -9.12 | 9.3 | 3.75 | -16.67 | 7.14 | 1.71 | -13.2 | 8.92 | 0.51 | -3.77 | 2.0 | 6.51 | -7.0 | 2.36 | 123.84 | -1.55 | -4.43 | 89.75 | 18.08 | 8.55 | 10.25 | -57.28 | -40.83 | 3.91 | -3.69 | -2.01 |
| 23Q3 (16) | 0.76 | 33.33 | 13.43 | 11.07 | 0.91 | 5.63 | 3.48 | 10.83 | 10.13 | 4.57 | 24.86 | 12.01 | 3.62 | 24.4 | 10.7 | 4.50 | 37.61 | 11.11 | 1.97 | 43.8 | 14.53 | 0.53 | 15.22 | 3.92 | 7.00 | 11.82 | 6.38 | 125.79 | -11.2 | -4.65 | 76.01 | -11.52 | -1.83 | 23.99 | 70.23 | 6.28 | 4.06 | -2.64 | 6.28 |
| 23Q2 (15) | 0.57 | 3.64 | 23.91 | 10.97 | -1.53 | 9.37 | 3.14 | 0.32 | 41.44 | 3.66 | 0.55 | 18.06 | 2.91 | 0.34 | 18.29 | 3.27 | 4.81 | 22.01 | 1.37 | 2.24 | 25.69 | 0.46 | 2.22 | 9.52 | 6.26 | -0.95 | 2.79 | 141.65 | -5.79 | -6.92 | 85.91 | -0.55 | 20.14 | 14.09 | 0.05 | -50.54 | 4.17 | -4.36 | 2.71 |
| 23Q1 (14) | 0.55 | -8.33 | -11.29 | 11.14 | 3.44 | -2.28 | 3.13 | 0.32 | -14.25 | 3.64 | -3.45 | -9.23 | 2.90 | -3.65 | -8.52 | 3.12 | -10.86 | -10.09 | 1.34 | -14.65 | -6.29 | 0.45 | -10.0 | 4.65 | 6.32 | -0.63 | -8.93 | 150.36 | 16.04 | -9.16 | 86.38 | 4.48 | -4.9 | 14.08 | -18.66 | 53.65 | 4.36 | 9.27 | 2.35 |
| 22Q4 (13) | 0.60 | -10.45 | -7.69 | 10.77 | 2.77 | -2.36 | 3.12 | -1.27 | -16.35 | 3.77 | -7.6 | -8.05 | 3.01 | -7.95 | -7.67 | 3.50 | -13.58 | -7.41 | 1.57 | -8.72 | -4.27 | 0.50 | -1.96 | 4.17 | 6.36 | -3.34 | -8.88 | 129.58 | -1.77 | -6.38 | 82.68 | 6.78 | -8.94 | 17.32 | -23.27 | 88.22 | 3.99 | 4.45 | 10.53 |
| 22Q3 (12) | 0.67 | 45.65 | -6.94 | 10.48 | 4.49 | -10.5 | 3.16 | 42.34 | -11.24 | 4.08 | 31.61 | -24.16 | 3.27 | 32.93 | -21.01 | 4.05 | 51.12 | -0.74 | 1.72 | 57.8 | -6.52 | 0.51 | 21.43 | 18.6 | 6.58 | 8.05 | -23.67 | 131.92 | -13.31 | -6.61 | 77.43 | 8.28 | 17.58 | 22.57 | -20.79 | -33.23 | 3.82 | -5.91 | -8.39 |
| 22Q2 (11) | 0.46 | -25.81 | -4.17 | 10.03 | -12.02 | -16.97 | 2.22 | -39.18 | -27.21 | 3.10 | -22.69 | -18.42 | 2.46 | -22.4 | -20.65 | 2.68 | -22.77 | 1.52 | 1.09 | -23.78 | -6.84 | 0.42 | -2.33 | 16.67 | 6.09 | -12.25 | -15.42 | 152.18 | -8.06 | 26.48 | 71.51 | -21.28 | -10.61 | 28.49 | 210.82 | 42.46 | 4.06 | -4.69 | -15.24 |
| 22Q1 (10) | 0.62 | -4.62 | -19.48 | 11.40 | 3.35 | -17.63 | 3.65 | -2.14 | -29.94 | 4.01 | -2.2 | -32.15 | 3.17 | -2.76 | -32.7 | 3.47 | -8.2 | -21.67 | 1.43 | -12.8 | -23.12 | 0.43 | -10.42 | 13.16 | 6.94 | -0.57 | -23.99 | 165.52 | 19.59 | 5.57 | 90.83 | 0.04 | 3.31 | 9.17 | -0.36 | -21.95 | 4.26 | 18.01 | -10.32 |
| 21Q4 (9) | 0.65 | -9.72 | -2.99 | 11.03 | -5.81 | -24.66 | 3.73 | 4.78 | -24.03 | 4.10 | -23.79 | -22.79 | 3.26 | -21.26 | -24.19 | 3.78 | -7.35 | -4.55 | 1.64 | -10.87 | -5.2 | 0.48 | 11.63 | 23.08 | 6.98 | -19.03 | -20.41 | 138.41 | -2.01 | 3.18 | 90.80 | 37.88 | -1.76 | 9.20 | -72.78 | 21.54 | 3.61 | -13.43 | -23.68 |
| 21Q3 (8) | 0.72 | 50.0 | -10.0 | 11.71 | -3.06 | -8.16 | 3.56 | 16.72 | -4.3 | 5.38 | 41.58 | -14.6 | 4.14 | 33.55 | -17.53 | 4.08 | 54.55 | -18.07 | 1.84 | 57.26 | -11.54 | 0.43 | 19.44 | 7.5 | 8.62 | 19.72 | -10.77 | 141.25 | 17.4 | -0.86 | 65.85 | -17.68 | 11.59 | 33.80 | 68.99 | -17.53 | 4.17 | -12.94 | -18.4 |
| 21Q2 (7) | 0.48 | -37.66 | -22.58 | 12.08 | -12.72 | -19.47 | 3.05 | -41.46 | -19.53 | 3.80 | -35.7 | -38.01 | 3.10 | -34.18 | -36.99 | 2.64 | -40.41 | -30.34 | 1.17 | -37.1 | -25.48 | 0.36 | -5.26 | 20.0 | 7.20 | -21.14 | -31.3 | 120.32 | -23.26 | -21.79 | 80.00 | -9.01 | 29.44 | 20.00 | 70.29 | -47.64 | 4.79 | 0.84 | 0 |
| 21Q1 (6) | 0.77 | 14.93 | 60.42 | 13.84 | -5.46 | 22.59 | 5.21 | 6.11 | 70.26 | 5.91 | 11.3 | 64.17 | 4.71 | 9.53 | 65.85 | 4.43 | 11.87 | 57.65 | 1.86 | 7.51 | 60.34 | 0.38 | -2.56 | 0.0 | 9.13 | 4.1 | 32.32 | 156.78 | 16.87 | 0.08 | 87.92 | -4.88 | 3.43 | 11.74 | 55.16 | -21.7 | 4.75 | 0.42 | 9.2 |
| 20Q4 (5) | 0.67 | -16.25 | 31.37 | 14.64 | 14.82 | 32.37 | 4.91 | 31.99 | 60.46 | 5.31 | -15.71 | 53.91 | 4.30 | -14.34 | 56.93 | 3.96 | -20.48 | 22.98 | 1.73 | -16.83 | 34.11 | 0.39 | -2.5 | -11.36 | 8.77 | -9.21 | 44.24 | 134.15 | -5.84 | -19.33 | 92.43 | 56.62 | 3.98 | 7.57 | -81.53 | -34.83 | 4.73 | -7.44 | 0 |
| 20Q3 (4) | 0.80 | 29.03 | 0.0 | 12.75 | -15.0 | 0.0 | 3.72 | -1.85 | 0.0 | 6.30 | 2.77 | 0.0 | 5.02 | 2.03 | 0.0 | 4.98 | 31.4 | 0.0 | 2.08 | 32.48 | 0.0 | 0.40 | 33.33 | 0.0 | 9.66 | -7.82 | 0.0 | 142.47 | -7.4 | 0.0 | 59.02 | -4.51 | 0.0 | 40.98 | 7.29 | 0.0 | 5.11 | 0 | 0.0 |
| 20Q2 (3) | 0.62 | 29.17 | 0.0 | 15.00 | 32.86 | 0.0 | 3.79 | 23.86 | 0.0 | 6.13 | 70.28 | 0.0 | 4.92 | 73.24 | 0.0 | 3.79 | 34.88 | 0.0 | 1.57 | 35.34 | 0.0 | 0.30 | -21.05 | 0.0 | 10.48 | 51.88 | 0.0 | 153.85 | -1.79 | 0.0 | 61.80 | -27.29 | 0.0 | 38.20 | 154.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.48 | -5.88 | 0.0 | 11.29 | 2.08 | 0.0 | 3.06 | 0.0 | 0.0 | 3.60 | 4.35 | 0.0 | 2.84 | 3.65 | 0.0 | 2.81 | -12.73 | 0.0 | 1.16 | -10.08 | 0.0 | 0.38 | -13.64 | 0.0 | 6.90 | 13.49 | 0.0 | 156.65 | -5.8 | 0.0 | 85.00 | -4.37 | 0.0 | 15.00 | 29.13 | 0.0 | 4.35 | 0 | 0.0 |
| 19Q4 (1) | 0.51 | 0.0 | 0.0 | 11.06 | 0.0 | 0.0 | 3.06 | 0.0 | 0.0 | 3.45 | 0.0 | 0.0 | 2.74 | 0.0 | 0.0 | 3.22 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 6.08 | 0.0 | 0.0 | 166.29 | 0.0 | 0.0 | 88.89 | 0.0 | 0.0 | 11.62 | 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) | 2.53 | 7.66 | 11.12 | 4.22 | 3.33 | 9.18 | 2.31 | -6.46 | 3.97 | 5.87 | 3.19 | 7.05 | 14.37 | 6.76 | 6.52 | 9.21 | 1.99 | 3.11 | 6.53 | 0.46 | 123.84 | -4.43 | 83.86 | 3.35 | 16.14 | -13.91 | 0.45 | -14.75 | 4.12 | 2.23 |
| 2022 (9) | 2.35 | -10.31 | 10.67 | -11.82 | 3.05 | -21.39 | 2.47 | -12.13 | 3.75 | -21.71 | 2.98 | -21.37 | 13.46 | -11.21 | 5.97 | -10.63 | 1.93 | 14.2 | 6.50 | -18.24 | 129.58 | -6.38 | 81.15 | 0.08 | 18.74 | -0.4 | 0.53 | -0.54 | 4.03 | -5.84 |
| 2021 (8) | 2.62 | 1.95 | 12.10 | -9.09 | 3.88 | 0.52 | 2.81 | -10.7 | 4.79 | -9.28 | 3.79 | -10.19 | 15.16 | -0.2 | 6.68 | 4.7 | 1.69 | 17.36 | 7.95 | -10.17 | 138.41 | 3.18 | 81.08 | 10.82 | 18.82 | -29.87 | 0.53 | -18.5 | 4.28 | -15.08 |
| 2020 (7) | 2.57 | 7.53 | 13.31 | 22.11 | 3.86 | 18.77 | 3.15 | 44.4 | 5.28 | 31.34 | 4.22 | 31.06 | 15.19 | 0.66 | 6.38 | -3.77 | 1.44 | -26.9 | 8.85 | 36.15 | 134.15 | -19.33 | 73.17 | -9.33 | 26.83 | 39.77 | 0.65 | 92.0 | 5.04 | 29.56 |
| 2019 (6) | 2.39 | 0.42 | 10.90 | 7.18 | 3.25 | -2.11 | 2.18 | 372.6 | 4.02 | 2.03 | 3.22 | -0.31 | 15.09 | -2.2 | 6.63 | -15.54 | 1.97 | -18.6 | 6.50 | 44.12 | 166.29 | 53.39 | 80.69 | -4.36 | 19.20 | 23.75 | 0.34 | -31.86 | 3.89 | 6.58 |
| 2018 (5) | 2.38 | 7.21 | 10.17 | -7.21 | 3.32 | -3.77 | 0.46 | -13.2 | 3.94 | -5.74 | 3.23 | -7.18 | 15.43 | 5.68 | 7.85 | -6.32 | 2.42 | 0.83 | 4.51 | -6.82 | 108.41 | 27.06 | 84.38 | 2.07 | 15.51 | -10.5 | 0.50 | 445.97 | 3.65 | -9.65 |
| 2017 (4) | 2.22 | -2.63 | 10.96 | -3.78 | 3.45 | -3.09 | 0.53 | -6.73 | 4.18 | -10.11 | 3.48 | -11.0 | 14.60 | -5.99 | 8.38 | -9.7 | 2.40 | 2.56 | 4.84 | -10.54 | 85.32 | 31.32 | 82.67 | 7.99 | 17.33 | -26.09 | 0.09 | 0 | 4.04 | -4.27 |
| 2016 (3) | 2.28 | 43.4 | 11.39 | 42.02 | 3.56 | 223.64 | 0.57 | -3.17 | 4.65 | 70.33 | 3.91 | 62.92 | 15.53 | 36.47 | 9.28 | 44.1 | 2.34 | -10.69 | 5.41 | 55.01 | 64.97 | -13.5 | 76.55 | 88.84 | 23.45 | -60.68 | 0.00 | 0 | 4.22 | 15.3 |
| 2015 (2) | 1.59 | 50.0 | 8.02 | 35.47 | 1.10 | 29.41 | 0.59 | 37.62 | 2.73 | 96.4 | 2.40 | 106.9 | 11.38 | 49.15 | 6.44 | 57.46 | 2.62 | -22.94 | 3.49 | 79.9 | 75.11 | -14.12 | 40.54 | -33.62 | 59.64 | 53.2 | 0.00 | 0 | 3.66 | 33.09 |
| 2014 (1) | 1.06 | -12.4 | 5.92 | 0 | 0.85 | 0 | 0.43 | -0.48 | 1.39 | 0 | 1.16 | 0 | 7.63 | 0 | 4.09 | 0 | 3.40 | 4.29 | 1.94 | -3.48 | 87.46 | -10.65 | 61.07 | 13.59 | 38.93 | -15.8 | 0.00 | 0 | 2.75 | 7.42 |
