- 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) | 1.91 | 3.24 | 23.23 | 31.94 | -4.06 | 5.97 | 19.84 | -4.57 | 13.05 | 20.26 | -5.5 | 8.0 | 16.62 | -5.08 | 8.2 | 5.27 | 2.33 | 10.25 | 3.21 | 0.63 | 17.58 | 0.19 | 5.56 | 5.56 | 26.60 | -6.11 | 13.14 | 65.58 | -8.83 | -12.42 | 97.94 | 0.98 | 4.57 | 2.06 | -31.59 | -68.59 | 5.81 | -29.66 | -26.92 |
| 24Q2 (19) | 1.85 | 15.62 | 12.8 | 33.29 | 0.06 | 2.05 | 20.79 | 17.19 | 5.27 | 21.44 | 13.62 | 0.7 | 17.51 | 15.73 | -0.68 | 5.15 | 14.44 | 1.98 | 3.19 | 12.32 | 6.69 | 0.18 | 0.0 | 5.88 | 28.33 | 10.02 | 7.76 | 71.93 | 23.68 | -6.05 | 96.99 | 3.18 | 4.35 | 3.01 | -49.85 | -58.54 | 8.26 | -15.28 | 5.9 |
| 24Q1 (18) | 1.60 | -3.03 | 8.84 | 33.27 | -1.89 | 5.85 | 17.74 | -9.49 | -0.73 | 18.87 | -3.08 | 0.64 | 15.13 | -6.2 | 0.53 | 4.50 | -7.22 | 0.45 | 2.84 | -2.74 | 4.8 | 0.18 | 0.0 | 0.0 | 25.75 | -3.2 | 9.81 | 58.16 | -12.49 | -7.59 | 94.00 | -6.56 | -1.48 | 6.00 | 1096.0 | 24.91 | 9.75 | 7.26 | 8.82 |
| 23Q4 (17) | 1.65 | 6.45 | 7.84 | 33.91 | 12.51 | 14.48 | 19.60 | 11.68 | 15.43 | 19.47 | 3.78 | 7.27 | 16.13 | 5.01 | 6.75 | 4.85 | 1.46 | -0.61 | 2.92 | 6.96 | -0.34 | 0.18 | 0.0 | -5.26 | 26.60 | 13.14 | 19.34 | 66.46 | -11.24 | -2.62 | 100.60 | 7.42 | 7.6 | -0.60 | -109.19 | -109.26 | 9.09 | 14.34 | 14.34 |
| 23Q3 (16) | 1.55 | -5.49 | -18.42 | 30.14 | -7.6 | -0.03 | 17.55 | -11.14 | -6.4 | 18.76 | -11.88 | -11.26 | 15.36 | -12.88 | -10.8 | 4.78 | -5.35 | -25.08 | 2.73 | -8.7 | -27.59 | 0.18 | 5.88 | -18.18 | 23.51 | -10.57 | -5.05 | 74.88 | -2.19 | 13.13 | 93.66 | 0.77 | 5.61 | 6.55 | -9.7 | -42.11 | 7.95 | 1.92 | 10.42 |
| 23Q2 (15) | 1.64 | 11.56 | -15.46 | 32.62 | 3.79 | 10.13 | 19.75 | 10.52 | 2.49 | 21.29 | 13.55 | 5.82 | 17.63 | 17.14 | 8.83 | 5.05 | 12.72 | -24.63 | 2.99 | 10.33 | -25.81 | 0.17 | -5.56 | -32.0 | 26.29 | 12.11 | 12.4 | 76.56 | 21.64 | 4.88 | 92.94 | -2.59 | -2.88 | 7.26 | 51.1 | 75.35 | 7.80 | -12.95 | 21.68 |
| 23Q1 (14) | 1.47 | -3.92 | -38.75 | 31.43 | 6.11 | 5.51 | 17.87 | 5.24 | -4.44 | 18.75 | 3.31 | -4.68 | 15.05 | -0.4 | -4.63 | 4.48 | -8.2 | -34.31 | 2.71 | -7.51 | -36.38 | 0.18 | -5.26 | -33.33 | 23.45 | 5.2 | 2.49 | 62.94 | -7.78 | 5.5 | 95.41 | 2.06 | 0.27 | 4.80 | -26.19 | -4.09 | 8.96 | 12.7 | 26.02 |
| 22Q4 (13) | 1.53 | -19.47 | -26.09 | 29.62 | -1.76 | 15.57 | 16.98 | -9.44 | 12.3 | 18.15 | -14.14 | 12.87 | 15.11 | -12.25 | 14.64 | 4.88 | -23.51 | -22.54 | 2.93 | -22.28 | -25.82 | 0.19 | -13.64 | -36.67 | 22.29 | -9.98 | 18.88 | 68.25 | 3.11 | 11.39 | 93.49 | 5.43 | -0.6 | 6.51 | -42.52 | 9.54 | 7.95 | 10.42 | 22.87 |
| 22Q3 (12) | 1.90 | -2.06 | -3.06 | 30.15 | 1.79 | 15.83 | 18.75 | -2.7 | 21.2 | 21.14 | 5.07 | 29.69 | 17.22 | 6.3 | 31.45 | 6.38 | -4.78 | 0.31 | 3.77 | -6.45 | -5.51 | 0.22 | -12.0 | -26.67 | 24.76 | 5.86 | 29.97 | 66.19 | -9.33 | 14.22 | 88.68 | -7.33 | -6.52 | 11.32 | 173.51 | 120.53 | 7.20 | 12.32 | 13.21 |
| 22Q2 (11) | 1.94 | -19.17 | -19.5 | 29.62 | -0.57 | 1.4 | 19.27 | 3.05 | 1.05 | 20.12 | 2.29 | 1.46 | 16.20 | 2.66 | 1.69 | 6.70 | -1.76 | -6.56 | 4.03 | -5.4 | -14.62 | 0.25 | -7.41 | -16.67 | 23.39 | 2.23 | 2.14 | 73.00 | 22.36 | 18.99 | 95.70 | 0.56 | -0.43 | 4.14 | -17.36 | 6.43 | 6.41 | -9.85 | 5.78 |
| 22Q1 (10) | 2.40 | 15.94 | 14.29 | 29.79 | 16.23 | -9.48 | 18.70 | 23.68 | -5.08 | 19.67 | 22.33 | -4.19 | 15.78 | 19.73 | -4.25 | 6.82 | 8.25 | 7.4 | 4.26 | 7.85 | -4.27 | 0.27 | -10.0 | 0.0 | 22.88 | 22.03 | -3.87 | 59.66 | -2.63 | 38.74 | 95.16 | 1.17 | -0.84 | 5.01 | -15.69 | 24.15 | 7.11 | 9.89 | -17.42 |
| 21Q4 (9) | 2.07 | 5.61 | 14.36 | 25.63 | -1.54 | -13.41 | 15.12 | -2.26 | -13.7 | 16.08 | -1.35 | -13.32 | 13.18 | 0.61 | -15.08 | 6.30 | -0.94 | 7.88 | 3.95 | -1.0 | -4.13 | 0.30 | 0.0 | 11.11 | 18.75 | -1.57 | -15.24 | 61.27 | 5.73 | 42.85 | 94.06 | -0.85 | -0.32 | 5.94 | 15.72 | 5.31 | 6.47 | 1.73 | -17.68 |
| 21Q3 (8) | 1.96 | -18.67 | 20.99 | 26.03 | -10.89 | -16.33 | 15.47 | -18.88 | -17.76 | 16.30 | -17.8 | -17.84 | 13.10 | -17.77 | -16.45 | 6.36 | -11.3 | 14.59 | 3.99 | -15.47 | 1.53 | 0.30 | 0.0 | 20.0 | 19.05 | -16.81 | -20.06 | 57.95 | -5.54 | 42.28 | 94.87 | -1.29 | 0.02 | 5.13 | 32.0 | -0.3 | 6.36 | 4.95 | -25.18 |
| 21Q2 (7) | 2.41 | 14.76 | 52.53 | 29.21 | -11.24 | -11.91 | 19.07 | -3.2 | 4.78 | 19.83 | -3.41 | 2.85 | 15.93 | -3.34 | 2.84 | 7.17 | 12.91 | 28.96 | 4.72 | 6.07 | 19.19 | 0.30 | 11.11 | 15.38 | 22.90 | -3.78 | -1.59 | 61.35 | 42.67 | 45.79 | 96.11 | 0.15 | 1.85 | 3.89 | -3.6 | -30.97 | 6.06 | -29.62 | -19.95 |
| 21Q1 (6) | 2.10 | 16.02 | 16.02 | 32.91 | 11.18 | 8.9 | 19.70 | 12.44 | 20.78 | 20.53 | 10.67 | 19.85 | 16.48 | 6.19 | 20.12 | 6.35 | 8.73 | 17.81 | 4.45 | 8.01 | 15.28 | 0.27 | 0.0 | -3.57 | 23.80 | 7.59 | 13.71 | 43.00 | 0.26 | 10.97 | 95.97 | 1.7 | 0.72 | 4.03 | -28.49 | -14.53 | 8.61 | 9.54 | 31.65 |
| 20Q4 (5) | 1.81 | 11.73 | 7.1 | 29.60 | -4.85 | 4.78 | 17.52 | -6.86 | 28.63 | 18.55 | -6.5 | 23.01 | 15.52 | -1.02 | 25.06 | 5.84 | 5.23 | 10.61 | 4.12 | 4.83 | 11.96 | 0.27 | 8.0 | -6.9 | 22.12 | -7.18 | 18.35 | 42.89 | 5.3 | 1.97 | 94.36 | -0.52 | 4.54 | 5.64 | 9.55 | -42.09 | 7.86 | -7.53 | 7.82 |
| 20Q3 (4) | 1.62 | 2.53 | 0.0 | 31.11 | -6.18 | 0.0 | 18.81 | 3.35 | 0.0 | 19.84 | 2.9 | 0.0 | 15.68 | 1.23 | 0.0 | 5.55 | -0.18 | 0.0 | 3.93 | -0.76 | 0.0 | 0.25 | -3.85 | 0.0 | 23.83 | 2.41 | 0.0 | 40.73 | -3.21 | 0.0 | 94.85 | 0.51 | 0.0 | 5.15 | -8.6 | 0.0 | 8.50 | 12.29 | 0.0 |
| 20Q2 (3) | 1.58 | -12.71 | 0.0 | 33.16 | 9.73 | 0.0 | 18.20 | 11.59 | 0.0 | 19.28 | 12.55 | 0.0 | 15.49 | 12.9 | 0.0 | 5.56 | 3.15 | 0.0 | 3.96 | 2.59 | 0.0 | 0.26 | -7.14 | 0.0 | 23.27 | 11.18 | 0.0 | 42.08 | 8.59 | 0.0 | 94.37 | -0.96 | 0.0 | 5.63 | 19.37 | 0.0 | 7.57 | 15.75 | 0.0 |
| 20Q1 (2) | 1.81 | 7.1 | 0.0 | 30.22 | 6.97 | 0.0 | 16.31 | 19.75 | 0.0 | 17.13 | 13.59 | 0.0 | 13.72 | 10.56 | 0.0 | 5.39 | 2.08 | 0.0 | 3.86 | 4.89 | 0.0 | 0.28 | -3.45 | 0.0 | 20.93 | 11.99 | 0.0 | 38.75 | -7.87 | 0.0 | 95.28 | 5.56 | 0.0 | 4.72 | -51.54 | 0.0 | 6.54 | -10.29 | 0.0 |
| 19Q4 (1) | 1.69 | 0.0 | 0.0 | 28.25 | 0.0 | 0.0 | 13.62 | 0.0 | 0.0 | 15.08 | 0.0 | 0.0 | 12.41 | 0.0 | 0.0 | 5.28 | 0.0 | 0.0 | 3.68 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 18.69 | 0.0 | 0.0 | 42.06 | 0.0 | 0.0 | 90.26 | 0.0 | 0.0 | 9.74 | 0.0 | 0.0 | 7.29 | 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) | 6.31 | -13.56 | 32.03 | 7.48 | 18.68 | 1.08 | 5.15 | 49.3 | 19.54 | -1.36 | 16.02 | -0.44 | 18.86 | -23.43 | 11.38 | -23.83 | 0.70 | -24.73 | 24.96 | 6.94 | 66.46 | -2.62 | 95.64 | 2.53 | 4.42 | -34.29 | 0.06 | -6.66 | 8.46 | 18.49 |
| 2022 (9) | 7.30 | -9.65 | 29.80 | 6.01 | 18.48 | 7.94 | 3.45 | 21.16 | 19.81 | 10.24 | 16.09 | 10.89 | 24.63 | -4.42 | 14.94 | -11.49 | 0.93 | -19.83 | 23.34 | 11.73 | 68.25 | 11.39 | 93.28 | -2.08 | 6.72 | 41.69 | 0.06 | -7.56 | 7.14 | 5.31 |
| 2021 (8) | 8.08 | 23.93 | 28.11 | -5.83 | 17.12 | -3.17 | 2.84 | -24.23 | 17.97 | -3.75 | 14.51 | -3.84 | 25.77 | 17.3 | 16.88 | 9.33 | 1.16 | 13.73 | 20.89 | -7.16 | 61.27 | 42.85 | 95.26 | 0.59 | 4.74 | -10.56 | 0.06 | -12.15 | 6.78 | -10.91 |
| 2020 (7) | 6.52 | 10.51 | 29.85 | 20.7 | 17.68 | 34.14 | 3.75 | 13.2 | 18.67 | 29.11 | 15.09 | 27.99 | 21.97 | 20.78 | 15.44 | 13.7 | 1.02 | -11.3 | 22.50 | 25.98 | 42.89 | 1.97 | 94.70 | 3.98 | 5.30 | -40.01 | 0.07 | -15.1 | 7.61 | 11.91 |
| 2019 (6) | 5.90 | -4.84 | 24.73 | -0.56 | 13.18 | 0.69 | 3.32 | 32.56 | 14.46 | 0.49 | 11.79 | 1.81 | 18.19 | -8.96 | 13.58 | -13.83 | 1.15 | -15.44 | 17.86 | 5.74 | 42.06 | 57.76 | 91.07 | 0.17 | 8.84 | -1.74 | 0.09 | 161.26 | 6.80 | 7.59 |
| 2018 (5) | 6.20 | 5.8 | 24.87 | -8.53 | 13.09 | -10.03 | 2.50 | -12.69 | 14.39 | -7.52 | 11.58 | -9.88 | 19.98 | -0.45 | 15.76 | -0.76 | 1.36 | 9.68 | 16.89 | -8.41 | 26.66 | -0.71 | 90.92 | -2.78 | 9.00 | 38.73 | 0.03 | 0 | 6.32 | -4.82 |
| 2017 (4) | 5.86 | 12.05 | 27.19 | 1.46 | 14.55 | 3.63 | 2.87 | -6.84 | 15.56 | 1.83 | 12.85 | 1.1 | 20.07 | 5.63 | 15.88 | 5.17 | 1.24 | 4.2 | 18.44 | 0.38 | 26.85 | 3.47 | 93.52 | 1.82 | 6.48 | -20.5 | 0.00 | 0 | 6.64 | -9.54 |
| 2016 (3) | 5.23 | 28.19 | 26.80 | 32.28 | 14.04 | 45.34 | 3.08 | 8.63 | 15.28 | 33.45 | 12.71 | 34.93 | 19.00 | 21.41 | 15.10 | 23.77 | 1.19 | -7.75 | 18.37 | 28.37 | 25.95 | 0.46 | 91.84 | 8.98 | 8.16 | -48.13 | 0.00 | 0 | 7.34 | 24.41 |
| 2015 (2) | 4.08 | 16.57 | 20.26 | 25.37 | 9.66 | 33.06 | 2.83 | 15.21 | 11.45 | 33.76 | 9.42 | 30.83 | 15.65 | 9.52 | 12.20 | 15.42 | 1.29 | -11.64 | 14.31 | 29.15 | 25.83 | -17.0 | 84.27 | -0.59 | 15.73 | 3.29 | 0.00 | 0 | 5.90 | 22.15 |
| 2014 (1) | 3.50 | -13.58 | 16.16 | 0 | 7.26 | 0 | 2.46 | 4.49 | 8.56 | 0 | 7.20 | 0 | 14.29 | 0 | 10.57 | 0 | 1.46 | 2.82 | 11.08 | -8.81 | 31.12 | -23.43 | 84.78 | -0.69 | 15.22 | 4.03 | 0.00 | 0 | 4.83 | -5.29 |
