- 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) | 1.35 | -0.74 | 5.47 | 22.92 | 17.9 | 28.55 | 12.59 | 29.66 | 59.97 | 10.93 | -10.63 | -3.36 | 9.06 | 0.33 | 0.44 | 1.83 | 0.55 | -13.68 | 1.22 | 0.0 | -7.58 | 0.13 | 0.0 | -7.14 | 13.42 | -8.77 | -3.52 | 49.48 | -4.05 | -21.57 | 115.21 | 44.96 | 65.59 | -15.21 | -173.76 | -149.99 | 13.10 | 3.15 | 4.38 |
| 24Q2 (19) | 1.36 | -40.09 | 19.3 | 19.44 | 9.21 | 20.3 | 9.71 | 0.62 | 63.19 | 12.23 | -21.3 | 19.43 | 9.03 | -26.23 | 10.53 | 1.82 | -44.85 | -8.08 | 1.22 | -42.99 | 0.0 | 0.13 | -23.53 | -13.33 | 14.71 | -16.09 | 14.39 | 51.57 | 5.61 | -17.75 | 79.48 | 27.98 | 36.7 | 20.62 | -45.68 | -50.89 | 12.70 | 21.65 | -2.91 |
| 24Q1 (18) | 2.27 | 305.36 | 49.34 | 17.80 | -1.06 | -6.76 | 9.65 | 76.42 | -12.91 | 15.54 | 220.41 | 27.27 | 12.24 | 193.53 | 32.75 | 3.30 | 247.37 | 18.28 | 2.14 | 262.71 | 28.14 | 0.17 | 21.43 | -5.56 | 17.53 | 132.49 | 21.4 | 48.83 | -21.42 | -27.17 | 62.10 | -44.9 | -31.52 | 37.96 | 398.75 | 311.95 | 10.44 | -20.73 | -5.52 |
| 23Q4 (17) | 0.56 | -56.25 | 9.8 | 17.99 | 0.9 | 22.46 | 5.47 | -30.5 | 34.73 | 4.85 | -57.12 | 0.0 | 4.17 | -53.77 | 10.9 | 0.95 | -55.19 | -10.38 | 0.59 | -55.3 | -7.81 | 0.14 | 0.0 | -12.5 | 7.54 | -45.79 | 3.29 | 62.14 | -1.51 | -13.85 | 112.71 | 61.99 | 34.62 | -12.71 | -141.77 | -178.06 | 13.17 | 4.94 | 6.81 |
| 23Q3 (16) | 1.28 | 12.28 | 17.43 | 17.83 | 10.33 | 0.39 | 7.87 | 32.27 | 7.51 | 11.31 | 10.45 | 12.87 | 9.02 | 10.4 | 12.75 | 2.12 | 7.07 | -0.47 | 1.32 | 8.2 | 3.94 | 0.14 | -6.67 | -12.5 | 13.91 | 8.16 | 9.96 | 63.09 | 0.62 | -11.13 | 69.58 | 19.66 | -4.85 | 30.42 | -27.53 | 13.18 | 12.55 | -4.05 | -6.9 |
| 23Q2 (15) | 1.14 | -25.0 | 29.55 | 16.16 | -15.35 | -3.12 | 5.95 | -46.3 | -21.92 | 10.24 | -16.13 | 20.75 | 8.17 | -11.39 | 29.68 | 1.98 | -29.03 | 15.12 | 1.22 | -26.95 | 16.19 | 0.15 | -16.67 | -11.76 | 12.86 | -10.94 | 17.77 | 62.70 | -6.49 | -9.04 | 58.14 | -35.89 | -35.34 | 41.98 | 355.6 | 316.62 | 13.08 | 18.37 | 6.26 |
| 23Q1 (14) | 1.52 | 198.04 | 10.14 | 19.09 | 29.95 | -0.16 | 11.08 | 172.91 | 6.33 | 12.21 | 151.75 | -3.48 | 9.22 | 145.21 | -4.65 | 2.79 | 163.21 | 2.95 | 1.67 | 160.94 | 0.6 | 0.18 | 12.5 | 5.88 | 14.44 | 97.81 | -4.5 | 67.05 | -7.04 | 10.24 | 90.69 | 8.33 | 10.16 | 9.22 | -43.39 | -47.85 | 11.05 | -10.38 | -8.68 |
| 22Q4 (13) | 0.51 | -53.21 | -16.39 | 14.69 | -17.29 | -16.86 | 4.06 | -44.54 | -27.76 | 4.85 | -51.6 | -26.52 | 3.76 | -53.0 | -25.4 | 1.06 | -50.23 | -18.46 | 0.64 | -49.61 | -20.0 | 0.16 | 0.0 | 0.0 | 7.30 | -42.29 | -22.91 | 72.13 | 1.61 | 7.4 | 83.72 | 14.5 | -1.75 | 16.28 | -39.44 | 10.07 | 12.33 | -8.53 | 1.57 |
| 22Q3 (12) | 1.09 | 23.86 | 55.71 | 17.76 | 6.47 | 7.83 | 7.32 | -3.94 | 47.58 | 10.02 | 18.16 | 34.14 | 8.00 | 26.98 | 36.05 | 2.13 | 23.84 | 44.9 | 1.27 | 20.95 | 38.04 | 0.16 | -5.88 | 6.67 | 12.65 | 15.84 | 22.46 | 70.99 | 2.99 | 11.55 | 73.12 | -18.69 | 10.12 | 26.88 | 166.75 | -19.99 | 13.48 | 9.5 | -2.53 |
| 22Q2 (11) | 0.88 | -36.23 | -2.22 | 16.68 | -12.76 | -6.29 | 7.62 | -26.87 | -0.65 | 8.48 | -32.96 | -1.4 | 6.30 | -34.85 | -10.26 | 1.72 | -36.53 | -7.03 | 1.05 | -36.75 | -8.7 | 0.17 | 0.0 | 6.25 | 10.92 | -27.78 | -3.53 | 68.93 | 13.33 | 14.58 | 89.92 | 9.22 | 0.95 | 10.08 | -42.97 | -6.36 | 12.31 | 1.74 | -7.65 |
| 22Q1 (10) | 1.38 | 126.23 | 9.52 | 19.12 | 8.21 | -4.4 | 10.42 | 85.41 | -0.1 | 12.65 | 91.67 | -1.86 | 9.67 | 91.87 | 1.58 | 2.71 | 108.46 | 4.23 | 1.66 | 107.5 | 3.75 | 0.17 | 6.25 | 0.0 | 15.12 | 59.66 | -2.89 | 60.82 | -9.44 | -4.58 | 82.33 | -3.38 | 1.75 | 17.67 | 19.48 | -7.4 | 12.10 | -0.33 | -6.27 |
| 21Q4 (9) | 0.61 | -12.86 | 48.78 | 17.67 | 7.29 | 14.07 | 5.62 | 13.31 | 46.35 | 6.60 | -11.65 | 51.38 | 5.04 | -14.29 | 58.49 | 1.30 | -11.56 | 42.86 | 0.80 | -13.04 | 37.93 | 0.16 | 6.67 | -11.11 | 9.47 | -8.33 | 33.38 | 67.16 | 5.53 | 5.51 | 85.21 | 28.33 | -3.49 | 14.79 | -55.98 | 26.32 | 12.14 | -12.22 | 6.49 |
| 21Q3 (8) | 0.70 | -22.22 | -11.39 | 16.47 | -7.47 | -14.84 | 4.96 | -35.33 | -41.44 | 7.47 | -13.14 | -24.77 | 5.88 | -16.24 | -18.22 | 1.47 | -20.54 | -15.03 | 0.92 | -20.0 | -14.81 | 0.15 | -6.25 | 0.0 | 10.33 | -8.75 | -20.72 | 63.64 | 5.78 | 2.93 | 66.40 | -25.45 | -22.12 | 33.60 | 212.22 | 127.95 | 13.83 | 3.75 | 1.62 |
| 21Q2 (7) | 0.90 | -28.57 | 16.88 | 17.80 | -11.0 | -11.18 | 7.67 | -26.46 | -8.36 | 8.60 | -33.28 | -15.52 | 7.02 | -26.26 | 0.43 | 1.85 | -28.85 | 9.47 | 1.15 | -28.13 | 8.49 | 0.16 | -5.88 | 6.67 | 11.32 | -27.3 | -14.89 | 60.16 | -5.62 | -3.99 | 89.07 | 10.08 | 8.31 | 10.76 | -43.61 | -39.42 | 13.33 | 3.25 | 0 |
| 21Q1 (6) | 1.26 | 207.32 | 31.25 | 20.00 | 29.12 | 2.67 | 10.43 | 171.61 | 0.87 | 12.89 | 195.64 | 23.47 | 9.52 | 199.37 | 18.7 | 2.60 | 185.71 | 24.4 | 1.60 | 175.86 | 23.08 | 0.17 | -5.56 | 6.25 | 15.57 | 119.3 | 16.45 | 63.74 | 0.14 | 6.54 | 80.92 | -8.35 | -18.23 | 19.08 | 62.99 | 2040.59 | 12.91 | 13.25 | 0 |
| 20Q4 (5) | 0.41 | -48.1 | -41.43 | 15.49 | -19.91 | -15.49 | 3.84 | -54.66 | -22.27 | 4.36 | -56.09 | -30.02 | 3.18 | -55.77 | -45.73 | 0.91 | -47.4 | -42.04 | 0.58 | -46.3 | -40.21 | 0.18 | 20.0 | 12.5 | 7.10 | -45.51 | -22.74 | 63.65 | 2.94 | -2.36 | 88.29 | 3.56 | 11.45 | 11.71 | -20.57 | -43.66 | 11.40 | -16.24 | -18.75 |
| 20Q3 (4) | 0.79 | 2.6 | 0.0 | 19.34 | -3.49 | 0.0 | 8.47 | 1.19 | 0.0 | 9.93 | -2.46 | 0.0 | 7.19 | 2.86 | 0.0 | 1.73 | 2.37 | 0.0 | 1.08 | 1.89 | 0.0 | 0.15 | 0.0 | 0.0 | 13.03 | -2.03 | 0.0 | 61.83 | -1.32 | 0.0 | 85.26 | 3.68 | 0.0 | 14.74 | -17.02 | 0.0 | 13.61 | 0 | 0.0 |
| 20Q2 (3) | 0.77 | -19.79 | 0.0 | 20.04 | 2.87 | 0.0 | 8.37 | -19.05 | 0.0 | 10.18 | -2.49 | 0.0 | 6.99 | -12.84 | 0.0 | 1.69 | -19.14 | 0.0 | 1.06 | -18.46 | 0.0 | 0.15 | -6.25 | 0.0 | 13.30 | -0.52 | 0.0 | 62.66 | 4.73 | 0.0 | 82.24 | -16.9 | 0.0 | 17.76 | 1892.43 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.96 | 37.14 | 0.0 | 19.48 | 6.27 | 0.0 | 10.34 | 109.31 | 0.0 | 10.44 | 67.58 | 0.0 | 8.02 | 36.86 | 0.0 | 2.09 | 33.12 | 0.0 | 1.30 | 34.02 | 0.0 | 0.16 | 0.0 | 0.0 | 13.37 | 45.48 | 0.0 | 59.83 | -8.22 | 0.0 | 98.96 | 24.92 | 0.0 | 0.89 | -95.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 18.33 | 0.0 | 0.0 | 4.94 | 0.0 | 0.0 | 6.23 | 0.0 | 0.0 | 5.86 | 0.0 | 0.0 | 1.57 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 9.19 | 0.0 | 0.0 | 65.19 | 0.0 | 0.0 | 79.22 | 0.0 | 0.0 | 20.78 | 0.0 | 0.0 | 14.03 | 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) | 4.51 | 16.84 | 17.82 | 4.58 | 7.75 | 5.73 | 2.33 | 0.5 | 9.79 | 9.26 | 7.73 | 12.03 | 7.96 | 4.46 | 4.84 | 6.37 | 0.62 | -4.62 | 12.31 | 7.51 | 62.14 | -13.85 | 79.13 | -3.29 | 20.87 | 14.82 | 0.00 | 0 | 12.40 | -1.12 |
| 2022 (9) | 3.86 | 11.56 | 17.04 | -5.39 | 7.33 | 1.52 | 2.32 | -10.85 | 8.96 | 0.34 | 6.90 | 0.0 | 7.62 | 5.25 | 4.55 | 2.94 | 0.65 | 3.17 | 11.45 | -2.3 | 72.13 | 7.4 | 81.82 | 1.27 | 18.18 | -5.36 | 0.00 | 0 | 12.54 | -3.91 |
| 2021 (8) | 3.46 | 18.09 | 18.01 | -2.38 | 7.22 | -5.12 | 2.60 | -4.18 | 8.93 | 4.57 | 6.90 | 10.93 | 7.24 | 14.2 | 4.42 | 12.47 | 0.63 | 1.61 | 11.72 | 1.91 | 67.16 | 5.51 | 80.79 | -9.28 | 19.21 | 75.59 | 0.00 | 0 | 13.05 | 0.85 |
| 2020 (7) | 2.93 | -8.72 | 18.45 | -1.55 | 7.61 | 6.43 | 2.71 | 3.01 | 8.54 | 0.0 | 6.22 | -6.89 | 6.34 | -12.07 | 3.93 | -10.88 | 0.62 | -3.13 | 11.50 | 0.35 | 63.65 | -2.36 | 89.06 | 6.27 | 10.94 | -32.45 | 0.00 | 0 | 12.94 | -6.03 |
| 2019 (6) | 3.21 | 18.01 | 18.74 | 1.68 | 7.15 | 9.16 | 2.63 | 7.2 | 8.54 | -0.58 | 6.68 | 13.41 | 7.21 | 12.66 | 4.41 | 12.5 | 0.64 | -1.54 | 11.46 | 0.88 | 65.19 | -6.46 | 83.81 | 9.88 | 16.19 | -31.75 | 0.00 | 0 | 13.77 | -1.85 |
| 2018 (5) | 2.72 | 6.67 | 18.43 | -3.86 | 6.55 | 4.63 | 2.46 | -7.47 | 8.59 | 4.63 | 5.89 | -5.46 | 6.40 | 2.24 | 3.92 | 1.03 | 0.65 | 6.56 | 11.36 | 1.61 | 69.69 | 6.46 | 76.27 | -0.04 | 23.73 | 0.14 | 0.00 | 0 | 14.03 | -5.39 |
| 2017 (4) | 2.55 | 6.69 | 19.17 | -3.62 | 6.26 | -6.15 | 2.66 | -1.44 | 8.21 | 2.11 | 6.23 | 2.13 | 6.26 | 4.86 | 3.88 | 2.65 | 0.61 | 1.67 | 11.18 | 1.08 | 65.46 | -0.94 | 76.30 | -7.99 | 23.70 | 38.8 | 0.00 | 0 | 14.83 | -0.27 |
| 2016 (3) | 2.39 | 0.0 | 19.89 | -3.63 | 6.67 | 8.1 | 2.69 | -4.22 | 8.04 | -1.23 | 6.10 | -6.3 | 5.97 | -0.17 | 3.78 | -2.58 | 0.60 | 3.45 | 11.06 | -2.21 | 66.08 | 13.83 | 82.93 | 9.36 | 17.07 | -29.36 | 0.00 | 0 | 14.87 | -2.56 |
| 2015 (2) | 2.39 | -1.65 | 20.64 | 1.38 | 6.17 | -3.14 | 2.81 | 6.33 | 8.14 | -2.75 | 6.51 | -3.27 | 5.98 | -4.93 | 3.88 | -4.2 | 0.58 | -1.69 | 11.31 | -0.44 | 58.05 | -0.77 | 75.83 | -0.38 | 24.17 | 1.2 | 0.00 | 0 | 15.26 | 2.28 |
| 2014 (1) | 2.43 | 8.0 | 20.36 | 0 | 6.37 | 0 | 2.65 | 0.92 | 8.37 | 0 | 6.73 | 0 | 6.29 | 0 | 4.05 | 0 | 0.59 | -3.28 | 11.36 | 4.89 | 58.50 | -1.99 | 76.12 | 54.43 | 23.88 | -52.9 | 0.00 | 0 | 14.92 | 7.03 |
