- 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) | 1.01 | -9.82 | 23.17 | 35.10 | 0.63 | 4.53 | 13.03 | -2.91 | 18.03 | 12.92 | -12.94 | 9.58 | 10.31 | -8.52 | 9.56 | 3.45 | -10.39 | 15.38 | 2.64 | -10.51 | 18.39 | 0.25 | -3.85 | 8.7 | 16.92 | -10.05 | 1.68 | 29.29 | -20.52 | -15.54 | 101.09 | 11.51 | 6.86 | -1.09 | -111.63 | -116.09 | 17.76 | 4.35 | -1.82 |
| 24Q2 (19) | 1.12 | 20.43 | 75.0 | 34.88 | -1.64 | 7.09 | 13.42 | 17.62 | 41.41 | 14.84 | 4.07 | 40.93 | 11.27 | -3.43 | 58.73 | 3.85 | 19.94 | 67.39 | 2.95 | 17.53 | 67.61 | 0.26 | 23.81 | 8.33 | 18.81 | -2.39 | 23.91 | 36.85 | 37.35 | -8.08 | 90.65 | 12.63 | 0.89 | 9.35 | -52.1 | -7.88 | 17.02 | -9.8 | -7.05 |
| 24Q1 (18) | 0.93 | -31.11 | 102.17 | 35.46 | -1.2 | 0.88 | 11.41 | -29.78 | 40.17 | 14.26 | -16.71 | 67.17 | 11.67 | -14.88 | 73.4 | 3.21 | -33.54 | 93.37 | 2.51 | -31.79 | 93.08 | 0.21 | -19.23 | 10.53 | 19.27 | -9.49 | 36.76 | 26.83 | -16.26 | -1.29 | 80.49 | -15.35 | -15.59 | 19.51 | 296.75 | 319.51 | 18.87 | 16.19 | -16.25 |
| 23Q4 (17) | 1.35 | 64.63 | 22.73 | 35.89 | 6.88 | 3.94 | 16.25 | 47.19 | 6.98 | 17.12 | 45.21 | 12.12 | 13.71 | 45.7 | 19.74 | 4.83 | 61.54 | 19.26 | 3.68 | 65.02 | 21.45 | 0.26 | 13.04 | 0.0 | 21.29 | 27.94 | 8.9 | 32.04 | -7.61 | -7.83 | 95.08 | 0.52 | -4.03 | 4.92 | -27.21 | 431.15 | 16.24 | -10.23 | -0.98 |
| 23Q3 (16) | 0.82 | 28.12 | -28.07 | 33.58 | 3.1 | -5.62 | 11.04 | 16.33 | -27.37 | 11.79 | 11.97 | -24.37 | 9.41 | 32.54 | -22.62 | 2.99 | 30.0 | -31.58 | 2.23 | 26.7 | -28.75 | 0.23 | -4.17 | -8.0 | 16.64 | 9.62 | -18.11 | 34.68 | -13.49 | -8.88 | 94.59 | 5.27 | -2.68 | 6.76 | -33.4 | 140.99 | 18.09 | -1.2 | 9.37 |
| 23Q2 (15) | 0.64 | 39.13 | -36.63 | 32.57 | -7.34 | -1.84 | 9.49 | 16.58 | -28.86 | 10.53 | 23.45 | -24.41 | 7.10 | 5.5 | -33.33 | 2.30 | 38.55 | -42.21 | 1.76 | 35.38 | -37.59 | 0.24 | 26.32 | -7.69 | 15.18 | 7.74 | -17.86 | 40.09 | 47.5 | -13.45 | 89.86 | -5.76 | -6.28 | 10.14 | 118.12 | 146.01 | 18.31 | -18.73 | 7.64 |
| 23Q1 (14) | 0.46 | -58.18 | -41.03 | 35.15 | 1.8 | 1.91 | 8.14 | -46.41 | -30.66 | 8.53 | -44.14 | -30.88 | 6.73 | -41.22 | -31.26 | 1.66 | -59.01 | -46.28 | 1.30 | -57.1 | -39.53 | 0.19 | -26.92 | -9.52 | 14.09 | -27.93 | -18.93 | 27.18 | -21.81 | -35.76 | 95.35 | -3.76 | 0.96 | 4.65 | 402.33 | 11.63 | 22.53 | 37.38 | 19.46 |
| 22Q4 (13) | 1.10 | -3.51 | 25.0 | 34.53 | -2.95 | 9.31 | 15.19 | -0.07 | 29.17 | 15.27 | -2.05 | 29.08 | 11.45 | -5.84 | 22.2 | 4.05 | -7.32 | 10.96 | 3.03 | -3.19 | 21.69 | 0.26 | 4.0 | 0.0 | 19.55 | -3.79 | 20.6 | 34.76 | -8.67 | -32.39 | 99.07 | 1.93 | 0.3 | 0.93 | -66.98 | 0 | 16.40 | -0.85 | 2.89 |
| 22Q3 (12) | 1.14 | 12.87 | 70.15 | 35.58 | 7.23 | 2.68 | 15.20 | 13.94 | 28.92 | 15.59 | 11.92 | 29.7 | 12.16 | 14.18 | 23.96 | 4.37 | 9.8 | 57.76 | 3.13 | 10.99 | 63.02 | 0.25 | -3.85 | 31.58 | 20.32 | 9.96 | 14.03 | 38.06 | -17.83 | -22.2 | 97.20 | 1.38 | -1.18 | 2.80 | -32.01 | 71.03 | 16.54 | -2.76 | -11.55 |
| 22Q2 (11) | 1.01 | 29.49 | 29.49 | 33.18 | -3.8 | -1.98 | 13.34 | 13.63 | 13.73 | 13.93 | 12.88 | 15.7 | 10.65 | 8.78 | 17.55 | 3.98 | 28.8 | 29.22 | 2.82 | 31.16 | 31.16 | 0.26 | 23.81 | 13.04 | 18.48 | 6.33 | 10.53 | 46.32 | 9.48 | -2.97 | 95.88 | 1.52 | -1.46 | 4.12 | -1.03 | 52.58 | 17.01 | -9.81 | -4.87 |
| 22Q1 (10) | 0.78 | -11.36 | 5.41 | 34.49 | 9.18 | -1.26 | 11.74 | -0.17 | -8.42 | 12.34 | 4.31 | -2.68 | 9.79 | 4.48 | 0.2 | 3.09 | -15.34 | -0.96 | 2.15 | -13.65 | -0.92 | 0.21 | -19.23 | -4.55 | 17.38 | 7.22 | -1.7 | 42.31 | -17.7 | -7.15 | 94.44 | -4.39 | -6.87 | 4.17 | 0 | 395.83 | 18.86 | 18.32 | 18.17 |
| 21Q4 (9) | 0.88 | 31.34 | 0.0 | 31.59 | -8.83 | -3.78 | 11.76 | -0.25 | -11.91 | 11.83 | -1.58 | -12.82 | 9.37 | -4.49 | -7.68 | 3.65 | 31.77 | -2.41 | 2.49 | 29.69 | -2.35 | 0.26 | 36.84 | 8.33 | 16.21 | -9.03 | -10.49 | 51.41 | 5.09 | 5.83 | 98.78 | 0.43 | 1.16 | 0.00 | -100.0 | -100.0 | 15.94 | -14.76 | 0.44 |
| 21Q3 (8) | 0.67 | -14.1 | -32.32 | 34.65 | 2.36 | 4.87 | 11.79 | 0.51 | -25.66 | 12.02 | -0.17 | -22.65 | 9.81 | 8.28 | -15.79 | 2.77 | -10.06 | -36.76 | 1.92 | -10.7 | -34.02 | 0.19 | -17.39 | -20.83 | 17.82 | 6.58 | -12.17 | 48.92 | 2.47 | -7.08 | 98.36 | 1.09 | -3.65 | 1.64 | -39.34 | 178.69 | 18.70 | 4.59 | 0.48 |
| 21Q2 (7) | 0.78 | 5.41 | 13.04 | 33.85 | -3.09 | 11.2 | 11.73 | -8.5 | 6.54 | 12.04 | -5.05 | 7.79 | 9.06 | -7.27 | 5.35 | 3.08 | -1.28 | 1.99 | 2.15 | -0.92 | 2.87 | 0.23 | 4.55 | -4.17 | 16.72 | -5.43 | 2.96 | 47.74 | 4.76 | -13.95 | 97.30 | -4.05 | -1.18 | 2.70 | 291.89 | 75.68 | 17.88 | 12.03 | 0 |
| 21Q1 (6) | 0.74 | -15.91 | 54.17 | 34.93 | 6.4 | 13.89 | 12.82 | -3.97 | 41.66 | 12.68 | -6.56 | 39.19 | 9.77 | -3.74 | 35.88 | 3.12 | -16.58 | 53.69 | 2.17 | -14.9 | 49.66 | 0.22 | -8.33 | 15.79 | 17.68 | -2.37 | 15.18 | 45.57 | -6.2 | 4.37 | 101.41 | 3.85 | 1.41 | -1.41 | -219.72 | 0 | 15.96 | 0.57 | -22.97 |
| 20Q4 (5) | 0.88 | -11.11 | 12.82 | 32.83 | -0.64 | 12.66 | 13.35 | -15.83 | 22.59 | 13.57 | -12.68 | 25.3 | 10.15 | -12.88 | 24.85 | 3.74 | -14.61 | 11.31 | 2.55 | -12.37 | 7.59 | 0.24 | 0.0 | -14.29 | 18.11 | -10.74 | 22.2 | 48.58 | -7.73 | -1.46 | 97.65 | -4.35 | -3.64 | 1.18 | 156.47 | 0 | 15.87 | -14.72 | 0.13 |
| 20Q3 (4) | 0.99 | 43.48 | 0.0 | 33.04 | 8.54 | 0.0 | 15.86 | 44.05 | 0.0 | 15.54 | 39.12 | 0.0 | 11.65 | 35.47 | 0.0 | 4.38 | 45.03 | 0.0 | 2.91 | 39.23 | 0.0 | 0.24 | 0.0 | 0.0 | 20.29 | 24.94 | 0.0 | 52.65 | -5.1 | 0.0 | 102.08 | 3.68 | 0.0 | -2.08 | -235.42 | 0.0 | 18.61 | 0 | 0.0 |
| 20Q2 (3) | 0.69 | 43.75 | 0.0 | 30.44 | -0.75 | 0.0 | 11.01 | 21.66 | 0.0 | 11.17 | 22.61 | 0.0 | 8.60 | 19.61 | 0.0 | 3.02 | 48.77 | 0.0 | 2.09 | 44.14 | 0.0 | 0.24 | 26.32 | 0.0 | 16.24 | 5.8 | 0.0 | 55.48 | 27.07 | 0.0 | 98.46 | -1.54 | 0.0 | 1.54 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.48 | -38.46 | 0.0 | 30.67 | 5.25 | 0.0 | 9.05 | -16.9 | 0.0 | 9.11 | -15.88 | 0.0 | 7.19 | -11.56 | 0.0 | 2.03 | -39.58 | 0.0 | 1.45 | -38.82 | 0.0 | 0.19 | -32.14 | 0.0 | 15.35 | 3.58 | 0.0 | 43.66 | -11.44 | 0.0 | 100.00 | -1.32 | 0.0 | 0.00 | 0 | 0.0 | 20.72 | 30.73 | 0.0 |
| 19Q4 (1) | 0.78 | 0.0 | 0.0 | 29.14 | 0.0 | 0.0 | 10.89 | 0.0 | 0.0 | 10.83 | 0.0 | 0.0 | 8.13 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 2.37 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 14.82 | 0.0 | 0.0 | 49.30 | 0.0 | 0.0 | 101.33 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 15.85 | 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) | 3.27 | -19.06 | 34.29 | -0.44 | 11.54 | -17.34 | 4.36 | 4.83 | 12.33 | -14.14 | 9.50 | -14.1 | 11.67 | -24.42 | 8.92 | -19.28 | 0.92 | -6.12 | 17.07 | -10.11 | 32.04 | -7.83 | 93.83 | -3.65 | 6.49 | 126.09 | 0.52 | -5.84 | 18.51 | 8.06 |
| 2022 (9) | 4.04 | 31.6 | 34.44 | 2.47 | 13.96 | 16.24 | 4.16 | -7.8 | 14.36 | 18.38 | 11.06 | 16.67 | 15.44 | 20.81 | 11.05 | 26.58 | 0.98 | 8.89 | 18.99 | 11.57 | 34.76 | -32.39 | 97.39 | -1.59 | 2.87 | 175.72 | 0.55 | 36.46 | 17.13 | 0.53 |
| 2021 (8) | 3.07 | 0.99 | 33.61 | 5.59 | 12.01 | -4.15 | 4.51 | -3.68 | 12.13 | -3.35 | 9.48 | -0.63 | 12.78 | -1.01 | 8.73 | -2.13 | 0.90 | -1.1 | 17.02 | -3.51 | 51.41 | 5.83 | 98.96 | -0.7 | 1.04 | 202.08 | 0.40 | 105.49 | 17.04 | -7.24 |
| 2020 (7) | 3.04 | 22.58 | 31.83 | 5.92 | 12.53 | 18.54 | 4.68 | 25.64 | 12.55 | 19.3 | 9.54 | 23.9 | 12.91 | 21.79 | 8.92 | 15.39 | 0.91 | -6.19 | 17.64 | 20.41 | 48.58 | -1.46 | 99.66 | -0.75 | 0.34 | 0 | 0.20 | -29.16 | 18.37 | 14.74 |
| 2019 (6) | 2.48 | -29.14 | 30.05 | -8.33 | 10.57 | -30.41 | 3.73 | 52.56 | 10.52 | -32.48 | 7.70 | -30.51 | 10.60 | -30.99 | 7.73 | -33.7 | 0.97 | -6.73 | 14.65 | -19.64 | 49.30 | 41.5 | 100.41 | 3.0 | -0.41 | 0 | 0.28 | 111.55 | 16.01 | 1.33 |
| 2018 (5) | 3.50 | -2.23 | 32.78 | -1.62 | 15.19 | 4.18 | 2.44 | 6.61 | 15.58 | 3.45 | 11.08 | -3.15 | 15.36 | -5.59 | 11.66 | -8.19 | 1.04 | -5.45 | 18.23 | 4.23 | 34.84 | 13.3 | 97.48 | 0.72 | 2.52 | -21.62 | 0.13 | 0 | 15.80 | -1.13 |
| 2017 (4) | 3.58 | 5.29 | 33.32 | 4.65 | 14.58 | -2.02 | 2.29 | 1.8 | 15.06 | -1.25 | 11.44 | 2.88 | 16.27 | 1.24 | 12.70 | -1.63 | 1.10 | -5.17 | 17.49 | -1.13 | 30.75 | 14.82 | 96.78 | -0.88 | 3.22 | 36.29 | 0.00 | 0 | 15.98 | 2.63 |
| 2016 (3) | 3.40 | 6.92 | 31.84 | -0.62 | 14.88 | 2.62 | 2.25 | -0.86 | 15.25 | 4.45 | 11.12 | 6.01 | 16.07 | 0.56 | 12.91 | -1.3 | 1.16 | -6.45 | 17.69 | 3.94 | 26.78 | 14.84 | 97.64 | -1.44 | 2.36 | 279.94 | 0.00 | 0 | 15.57 | 2.98 |
| 2015 (2) | 3.18 | 26.69 | 32.04 | 6.59 | 14.50 | 18.08 | 2.27 | -3.89 | 14.60 | 18.31 | 10.49 | 12.19 | 15.98 | 18.46 | 13.08 | 19.34 | 1.24 | 6.9 | 17.02 | 14.3 | 23.32 | 3.09 | 99.07 | -0.52 | 0.62 | 49.07 | 0.00 | 0 | 15.12 | 2.65 |
| 2014 (1) | 2.51 | -1.18 | 30.06 | 0 | 12.28 | 0 | 2.36 | -2.34 | 12.34 | 0 | 9.35 | 0 | 13.49 | 0 | 10.96 | 0 | 1.16 | -0.85 | 14.89 | -4.92 | 22.62 | -13.53 | 99.58 | 1.39 | 0.42 | -76.56 | 0.00 | 0 | 14.73 | 10.92 |
