- 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) | 1.22 | 0.83 | -2.4 | 42.74 | -4.66 | -0.3 | 19.91 | -6.08 | 2.15 | 24.02 | 0.5 | -2.4 | 19.34 | 6.15 | -2.42 | 3.84 | 0.0 | -9.86 | 2.96 | 6.47 | -0.67 | 0.15 | 0.0 | 0.0 | 30.14 | 0.84 | -1.37 | 25.70 | -27.97 | -35.67 | 83.01 | -6.3 | 4.74 | 16.99 | 52.15 | -18.1 | 24.91 | 2.89 | -0.44 |
| 24Q2 (19) | 1.21 | -14.18 | -9.02 | 44.83 | 1.13 | 4.33 | 21.20 | 0.43 | 8.11 | 23.90 | -9.95 | -12.39 | 18.22 | -15.1 | -15.41 | 3.84 | -10.28 | -13.51 | 2.78 | -9.74 | -6.71 | 0.15 | 7.14 | 7.14 | 29.89 | -8.82 | -10.16 | 35.68 | -18.52 | -28.02 | 88.60 | 11.2 | 23.32 | 11.16 | -45.7 | -60.35 | 24.21 | -3.89 | -4.16 |
| 24Q1 (18) | 1.41 | 56.67 | 19.49 | 44.33 | 2.28 | -2.89 | 21.11 | 9.43 | -6.14 | 26.54 | 61.24 | 10.31 | 21.46 | 62.33 | 8.11 | 4.28 | 62.12 | 5.16 | 3.08 | 57.95 | 12.41 | 0.14 | 0.0 | 0.0 | 32.78 | 44.15 | 10.48 | 43.79 | 16.77 | -19.1 | 79.67 | -32.01 | -14.87 | 20.56 | 219.71 | 220.93 | 25.19 | 0.56 | 3.66 |
| 23Q4 (17) | 0.90 | -28.0 | -8.16 | 43.34 | 1.1 | 0.65 | 19.29 | -1.03 | 0.57 | 16.46 | -33.12 | -2.55 | 13.22 | -33.3 | -7.55 | 2.64 | -38.03 | -14.84 | 1.95 | -34.56 | -7.14 | 0.14 | -6.67 | 0.0 | 22.74 | -25.59 | 1.38 | 37.50 | -6.13 | -21.07 | 117.18 | 47.84 | 2.91 | -17.18 | -182.81 | -27.39 | 25.05 | 0.12 | 10.74 |
| 23Q3 (16) | 1.25 | -6.02 | -6.72 | 42.87 | -0.23 | 2.05 | 19.49 | -0.61 | -1.66 | 24.61 | -9.79 | -15.46 | 19.82 | -7.99 | -15.62 | 4.26 | -4.05 | -18.39 | 2.98 | 0.0 | -11.04 | 0.15 | 7.14 | 7.14 | 30.56 | -8.15 | -11.29 | 39.95 | -19.41 | -28.61 | 79.26 | 10.32 | 16.44 | 20.74 | -26.33 | -35.04 | 25.02 | -0.95 | 5.17 |
| 23Q2 (15) | 1.33 | 12.71 | 3.91 | 42.97 | -5.87 | 0.05 | 19.61 | -12.81 | -3.87 | 27.28 | 13.38 | 2.75 | 21.54 | 8.51 | -3.28 | 4.44 | 9.09 | -10.3 | 2.98 | 8.76 | -6.88 | 0.14 | 0.0 | 0.0 | 33.27 | 12.13 | 5.28 | 49.57 | -8.42 | -15.87 | 71.84 | -23.24 | -6.51 | 28.16 | 339.47 | 21.59 | 25.26 | 3.95 | 11.87 |
| 23Q1 (14) | 1.18 | 20.41 | 21.65 | 45.65 | 6.01 | 8.9 | 22.49 | 17.26 | 35.56 | 24.06 | 42.45 | 3.31 | 19.85 | 38.81 | 5.25 | 4.07 | 31.29 | 16.29 | 2.74 | 30.48 | 16.6 | 0.14 | 0.0 | 16.67 | 29.67 | 32.28 | 1.68 | 54.13 | 13.93 | 2.48 | 93.59 | -17.8 | 31.49 | 6.41 | 147.52 | -77.77 | 24.30 | 7.43 | -11.28 |
| 22Q4 (13) | 0.98 | -26.87 | 1.03 | 43.06 | 2.5 | -1.94 | 19.18 | -3.23 | -2.54 | 16.89 | -41.98 | -21.88 | 14.30 | -39.12 | -16.72 | 3.10 | -40.61 | -12.68 | 2.10 | -37.31 | -13.93 | 0.14 | 0.0 | 0.0 | 22.43 | -34.89 | -14.91 | 47.51 | -15.1 | -1.96 | 113.86 | 67.26 | 25.1 | -13.48 | -142.23 | -250.0 | 22.62 | -4.92 | -5.12 |
| 22Q3 (12) | 1.34 | 4.69 | 50.56 | 42.01 | -2.19 | -9.23 | 19.82 | -2.84 | -2.46 | 29.11 | 9.64 | 34.4 | 23.49 | 5.48 | 36.02 | 5.22 | 5.45 | 36.65 | 3.35 | 4.69 | 27.38 | 0.14 | 0.0 | -6.67 | 34.45 | 9.02 | 30.05 | 55.96 | -5.02 | 26.92 | 68.07 | -11.42 | -27.45 | 31.93 | 37.89 | 417.25 | 23.79 | 5.36 | -5.63 |
| 22Q2 (11) | 1.28 | 31.96 | 37.63 | 42.95 | 2.46 | -3.76 | 20.40 | 22.97 | 15.71 | 26.55 | 14.0 | 33.62 | 22.27 | 18.08 | 30.69 | 4.95 | 41.43 | 28.24 | 3.20 | 36.17 | 19.4 | 0.14 | 16.67 | -12.5 | 31.60 | 8.29 | 27.42 | 58.92 | 11.55 | 22.49 | 76.84 | 7.96 | -13.69 | 23.16 | -19.65 | 103.05 | 22.58 | -17.56 | -6.27 |
| 22Q1 (10) | 0.97 | 0.0 | -17.09 | 41.92 | -4.53 | -6.74 | 16.59 | -15.7 | -10.32 | 23.29 | 7.72 | -7.14 | 18.86 | 9.84 | -11.91 | 3.50 | -1.41 | -25.21 | 2.35 | -3.69 | -28.79 | 0.12 | -14.29 | -20.0 | 29.18 | 10.7 | -4.39 | 52.82 | 9.0 | 26.39 | 71.18 | -21.79 | -3.7 | 28.82 | 220.62 | 10.47 | 27.39 | 14.89 | 9.04 |
| 21Q4 (9) | 0.97 | 8.99 | 7.78 | 43.91 | -5.12 | -3.0 | 19.68 | -3.15 | 21.33 | 21.62 | -0.18 | 13.08 | 17.17 | -0.58 | 6.65 | 3.55 | -7.07 | -5.08 | 2.44 | -7.22 | -6.51 | 0.14 | -6.67 | -12.5 | 26.36 | -0.49 | 7.55 | 48.46 | 9.91 | 10.89 | 91.01 | -3.0 | 7.6 | 8.99 | 45.62 | -39.89 | 23.84 | -5.43 | -6.14 |
| 21Q3 (8) | 0.89 | -4.3 | 39.06 | 46.28 | 3.7 | 4.68 | 20.32 | 15.26 | 27.8 | 21.66 | 9.01 | 26.59 | 17.27 | 1.35 | 27.08 | 3.82 | -1.04 | 26.07 | 2.63 | -1.87 | 25.24 | 0.15 | -6.25 | 0.0 | 26.49 | 6.81 | 16.29 | 44.09 | -8.34 | -1.17 | 93.83 | 5.38 | 1.18 | 6.17 | -45.87 | -15.0 | 25.21 | 4.65 | -6.0 |
| 21Q2 (7) | 0.93 | -20.51 | 27.4 | 44.63 | -0.71 | -0.65 | 17.63 | -4.7 | -4.24 | 19.87 | -20.77 | 10.14 | 17.04 | -20.41 | 13.9 | 3.86 | -17.52 | 5.46 | 2.68 | -18.79 | 10.74 | 0.16 | 6.67 | 0.0 | 24.80 | -18.74 | 3.29 | 48.10 | 15.1 | 0.63 | 89.04 | 20.46 | -12.71 | 11.40 | -56.29 | 670.18 | 24.09 | -4.1 | -2.47 |
| 21Q1 (6) | 1.17 | 30.0 | 74.63 | 44.95 | -0.71 | 2.39 | 18.50 | 14.06 | 23.5 | 25.08 | 31.17 | 43.72 | 21.41 | 32.98 | 60.74 | 4.68 | 25.13 | 53.95 | 3.30 | 26.44 | 64.18 | 0.15 | -6.25 | 0.0 | 30.52 | 24.52 | 33.74 | 41.79 | -4.37 | -27.3 | 73.91 | -12.61 | -14.17 | 26.09 | 74.46 | 87.83 | 25.12 | -1.1 | -5.71 |
| 20Q4 (5) | 0.90 | 40.62 | 66.67 | 45.27 | 2.4 | 2.31 | 16.22 | 2.01 | 2.92 | 19.12 | 11.75 | 37.55 | 16.10 | 18.47 | 37.49 | 3.74 | 23.43 | 38.52 | 2.61 | 24.29 | 45.81 | 0.16 | 6.67 | 6.67 | 24.51 | 7.59 | 25.69 | 43.70 | -2.04 | -11.0 | 84.58 | -8.8 | -25.8 | 14.95 | 105.9 | 212.54 | 25.40 | -5.29 | 1.48 |
| 20Q3 (4) | 0.64 | -12.33 | 0.0 | 44.21 | -1.58 | 0.0 | 15.90 | -13.63 | 0.0 | 17.11 | -5.16 | 0.0 | 13.59 | -9.16 | 0.0 | 3.03 | -17.21 | 0.0 | 2.10 | -13.22 | 0.0 | 0.15 | -6.25 | 0.0 | 22.78 | -5.12 | 0.0 | 44.61 | -6.67 | 0.0 | 92.74 | -9.08 | 0.0 | 7.26 | 463.13 | 0.0 | 26.82 | 8.58 | 0.0 |
| 20Q2 (3) | 0.73 | 8.96 | 0.0 | 44.92 | 2.32 | 0.0 | 18.41 | 22.9 | 0.0 | 18.04 | 3.38 | 0.0 | 14.96 | 12.31 | 0.0 | 3.66 | 20.39 | 0.0 | 2.42 | 20.4 | 0.0 | 0.16 | 6.67 | 0.0 | 24.01 | 5.21 | 0.0 | 47.80 | -16.84 | 0.0 | 102.00 | 18.45 | 0.0 | -2.00 | -114.4 | 0.0 | 24.70 | -7.28 | 0.0 |
| 20Q1 (2) | 0.67 | 24.07 | 0.0 | 43.90 | -0.79 | 0.0 | 14.98 | -4.95 | 0.0 | 17.45 | 25.54 | 0.0 | 13.32 | 13.75 | 0.0 | 3.04 | 12.59 | 0.0 | 2.01 | 12.29 | 0.0 | 0.15 | 0.0 | 0.0 | 22.82 | 17.03 | 0.0 | 57.48 | 17.07 | 0.0 | 86.11 | -24.45 | 0.0 | 13.89 | 204.53 | 0.0 | 26.64 | 6.43 | 0.0 |
| 19Q4 (1) | 0.54 | 0.0 | 0.0 | 44.25 | 0.0 | 0.0 | 15.76 | 0.0 | 0.0 | 13.90 | 0.0 | 0.0 | 11.71 | 0.0 | 0.0 | 2.70 | 0.0 | 0.0 | 1.79 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 19.50 | 0.0 | 0.0 | 49.10 | 0.0 | 0.0 | 113.99 | 0.0 | 0.0 | -13.29 | 0.0 | 0.0 | 25.03 | 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) | 4.67 | 2.41 | 43.68 | 2.75 | 20.19 | 5.65 | 5.27 | 10.97 | 23.04 | -3.68 | 18.56 | -5.88 | 14.87 | -8.27 | 10.64 | -4.14 | 0.56 | 0.0 | 29.02 | -1.12 | 37.50 | -21.07 | 87.62 | 9.72 | 12.38 | -38.55 | 1.92 | -6.33 | 24.91 | 4.1 |
| 2022 (9) | 4.56 | 15.44 | 42.51 | -5.34 | 19.11 | 0.37 | 4.75 | 8.83 | 23.92 | 8.63 | 19.72 | 8.47 | 16.21 | 13.36 | 11.10 | 12.92 | 0.56 | 3.7 | 29.35 | 8.78 | 47.51 | -1.96 | 79.86 | -7.67 | 20.14 | 49.09 | 2.05 | -7.55 | 23.93 | -2.49 |
| 2021 (8) | 3.95 | 34.81 | 44.91 | 0.72 | 19.04 | 16.03 | 4.37 | -10.07 | 22.02 | 22.67 | 18.18 | 25.12 | 14.30 | 9.16 | 9.83 | 8.74 | 0.54 | -12.9 | 26.98 | 14.56 | 48.46 | 10.89 | 86.49 | -5.44 | 13.51 | 58.24 | 2.22 | 75.74 | 24.54 | -5.1 |
| 2020 (7) | 2.93 | 38.86 | 44.59 | 2.72 | 16.41 | 25.27 | 4.85 | -7.22 | 17.95 | 20.63 | 14.53 | 21.59 | 13.10 | 23.82 | 9.04 | 26.26 | 0.62 | 5.08 | 23.55 | 12.36 | 43.70 | -11.0 | 91.46 | 3.87 | 8.54 | -28.52 | 1.26 | -9.82 | 25.86 | -2.89 |
| 2019 (6) | 2.11 | 0.96 | 43.41 | 0.42 | 13.10 | 20.52 | 5.23 | -0.56 | 14.88 | 2.76 | 11.95 | -0.25 | 10.58 | 4.44 | 7.16 | 5.45 | 0.59 | 5.36 | 20.96 | 3.46 | 49.10 | -4.92 | 88.05 | 17.33 | 11.95 | -52.13 | 1.40 | -18.78 | 26.63 | -2.63 |
| 2018 (5) | 2.09 | 2.96 | 43.23 | -4.86 | 10.87 | -22.74 | 5.26 | 10.07 | 14.48 | 1.26 | 11.98 | 6.39 | 10.13 | -1.84 | 6.79 | -2.44 | 0.56 | -8.2 | 20.26 | 3.95 | 51.64 | -0.1 | 75.05 | -23.7 | 24.95 | 1424.82 | 1.72 | 0 | 27.35 | 11.86 |
| 2017 (4) | 2.03 | 6.84 | 45.44 | 5.9 | 14.07 | 23.64 | 4.78 | -4.03 | 14.30 | 13.76 | 11.26 | 11.26 | 10.32 | 12.17 | 6.96 | 11.54 | 0.61 | 0.0 | 19.49 | 9.0 | 51.69 | 6.91 | 98.36 | 8.72 | 1.64 | -82.82 | 0.00 | 0 | 24.45 | 1.24 |
| 2016 (3) | 1.90 | -2.56 | 42.91 | -4.67 | 11.38 | -1.47 | 4.98 | 5.36 | 12.57 | -9.96 | 10.12 | -8.66 | 9.20 | -6.31 | 6.24 | -6.17 | 0.61 | 3.39 | 17.88 | -6.19 | 48.35 | -1.53 | 90.48 | 9.61 | 9.52 | -44.76 | 0.00 | 0 | 24.15 | -7.86 |
| 2015 (2) | 1.95 | -6.7 | 45.01 | 2.46 | 11.55 | 0.87 | 4.73 | 6.72 | 13.96 | 0.29 | 11.08 | -4.81 | 9.82 | -8.05 | 6.65 | -8.28 | 0.59 | -3.28 | 19.06 | 1.65 | 49.10 | 0.08 | 82.54 | 0.5 | 17.24 | -2.3 | 0.00 | 0 | 26.21 | 2.3 |
| 2014 (1) | 2.09 | 20.81 | 43.93 | 0 | 11.45 | 0 | 4.43 | 0.21 | 13.92 | 0 | 11.64 | 0 | 10.68 | 0 | 7.25 | 0 | 0.61 | 5.17 | 18.75 | 10.1 | 49.06 | -0.75 | 82.14 | 14.37 | 17.65 | -37.39 | 0.00 | 0 | 25.62 | -5.95 |
