- 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 | 23.85 | 32.35 | 4.33 | 3.1 | 2.61 | 2.35 | 17.5 | 20.51 | 3.02 | 19.37 | 22.27 | 2.26 | 16.49 | 20.21 | 3.21 | 23.46 | 21.59 | 1.28 | 19.63 | 20.75 | 0.48 | 2.13 | 2.13 | 3.65 | 16.99 | 16.99 | 198.46 | 5.46 | 3.5 | 77.73 | -1.83 | -1.58 | 22.27 | 7.17 | 5.95 | 1.21 | -7.63 | -11.68 |
| 24Q2 (19) | 1.09 | -17.42 | 6.86 | 4.20 | -1.41 | -4.55 | 2.00 | -11.11 | -6.54 | 2.53 | -4.53 | -10.92 | 1.94 | -12.61 | 2.11 | 2.60 | -16.67 | -1.52 | 1.07 | -15.75 | 1.9 | 0.47 | -4.08 | 2.17 | 3.12 | -4.59 | -10.34 | 188.18 | -0.33 | -9.15 | 79.18 | -6.81 | 5.27 | 20.78 | 38.23 | -16.16 | 1.31 | 5.65 | -7.75 |
| 24Q1 (18) | 1.32 | 1.54 | 26.92 | 4.26 | -2.74 | -11.8 | 2.25 | -2.17 | -3.43 | 2.65 | 0.76 | -1.85 | 2.22 | 6.22 | 7.25 | 3.12 | -3.7 | 23.32 | 1.27 | -3.05 | 16.51 | 0.49 | -7.55 | 19.51 | 3.27 | 1.87 | -8.91 | 188.80 | 0.65 | -2.82 | 84.97 | -2.9 | -1.42 | 15.03 | 20.6 | 9.16 | 1.24 | 12.73 | -18.42 |
| 23Q4 (17) | 1.30 | 27.45 | -12.16 | 4.38 | 3.79 | -4.16 | 2.30 | 17.95 | -10.16 | 2.63 | 6.48 | -13.49 | 2.09 | 11.17 | -12.18 | 3.24 | 22.73 | -10.99 | 1.31 | 23.58 | -9.03 | 0.53 | 12.77 | 3.92 | 3.21 | 2.88 | -14.4 | 187.58 | -2.17 | -4.2 | 87.50 | 10.79 | 3.89 | 12.47 | -40.7 | -21.12 | 1.10 | -19.71 | -5.98 |
| 23Q3 (16) | 1.02 | 0.0 | -79.64 | 4.22 | -4.09 | 6.03 | 1.95 | -8.88 | 5.98 | 2.47 | -13.03 | -74.69 | 1.88 | -1.05 | -76.02 | 2.64 | 0.0 | -79.26 | 1.06 | 0.95 | -74.76 | 0.47 | 2.17 | -9.62 | 3.12 | -10.34 | -69.65 | 191.75 | -7.43 | -7.78 | 78.98 | 5.0 | 318.17 | 21.02 | -15.19 | -74.08 | 1.37 | -3.52 | 3.01 |
| 23Q2 (15) | 1.02 | -1.92 | -28.67 | 4.40 | -8.9 | 10.0 | 2.14 | -8.15 | 11.46 | 2.84 | 5.19 | -3.07 | 1.90 | -8.21 | -19.49 | 2.64 | 4.35 | -31.96 | 1.05 | -3.67 | -19.85 | 0.46 | 12.2 | -11.54 | 3.48 | -3.06 | 5.78 | 207.14 | 6.62 | -6.77 | 75.21 | -12.73 | 14.69 | 24.79 | 79.97 | -28.06 | 1.42 | -6.58 | 7.58 |
| 23Q1 (14) | 1.04 | -29.73 | -32.03 | 4.83 | 5.69 | 13.65 | 2.33 | -8.98 | 2.19 | 2.70 | -11.18 | -16.15 | 2.07 | -13.03 | -22.47 | 2.53 | -30.49 | -39.47 | 1.09 | -24.31 | -23.24 | 0.41 | -19.61 | -19.61 | 3.59 | -4.27 | 1.41 | 194.28 | -0.78 | -8.93 | 86.19 | 2.33 | 21.79 | 13.77 | -12.86 | -52.88 | 1.52 | 29.91 | 16.03 |
| 22Q4 (13) | 1.48 | -70.46 | -19.13 | 4.57 | 14.82 | 11.74 | 2.56 | 39.13 | 12.78 | 3.04 | -68.85 | -3.18 | 2.38 | -69.64 | -7.75 | 3.64 | -71.41 | -27.63 | 1.44 | -65.71 | -17.24 | 0.51 | -1.92 | -21.54 | 3.75 | -63.52 | 11.28 | 195.80 | -5.83 | -4.99 | 84.22 | 345.95 | 16.63 | 15.81 | -80.51 | -43.11 | 1.17 | -12.03 | 11.43 |
| 22Q3 (12) | 5.01 | 250.35 | 0.2 | 3.98 | -0.5 | -7.87 | 1.84 | -4.17 | -19.65 | 9.76 | 233.11 | -20.33 | 7.84 | 232.2 | -6.11 | 12.73 | 228.09 | -11.84 | 4.20 | 220.61 | -16.0 | 0.52 | 0.0 | -11.86 | 10.28 | 212.46 | -17.89 | 207.93 | -6.41 | 8.37 | 18.89 | -71.2 | 1.18 | 81.10 | 135.39 | -0.28 | 1.33 | 0.76 | 0.0 |
| 22Q2 (11) | 1.43 | -6.54 | -28.5 | 4.00 | -5.88 | -4.99 | 1.92 | -15.79 | -9.43 | 2.93 | -9.01 | -26.38 | 2.36 | -11.61 | -33.52 | 3.88 | -7.18 | -37.52 | 1.31 | -7.75 | -40.18 | 0.52 | 1.96 | -13.33 | 3.29 | -7.06 | -22.95 | 222.18 | 4.15 | 15.46 | 65.58 | -7.33 | 23.26 | 34.46 | 17.87 | -26.41 | 1.32 | 0.76 | -1.49 |
| 22Q1 (10) | 1.53 | -16.39 | 0.66 | 4.25 | 3.91 | -9.38 | 2.28 | 0.44 | -8.43 | 3.22 | 2.55 | -8.78 | 2.67 | 3.49 | -13.31 | 4.18 | -16.9 | -13.46 | 1.42 | -18.39 | -18.86 | 0.51 | -21.54 | -7.27 | 3.54 | 5.04 | -8.29 | 213.33 | 3.51 | 11.53 | 70.77 | -2.01 | 0.38 | 29.23 | 5.22 | -0.8 | 1.31 | 24.76 | -6.43 |
| 21Q4 (9) | 1.83 | -63.4 | 23.65 | 4.09 | -5.32 | -4.88 | 2.27 | -0.87 | 12.94 | 3.14 | -74.37 | 1.62 | 2.58 | -69.1 | -0.39 | 5.03 | -65.17 | 5.89 | 1.74 | -65.2 | 0.0 | 0.65 | 10.17 | 0.0 | 3.37 | -73.08 | -0.3 | 206.09 | 7.41 | 13.94 | 72.22 | 286.9 | 11.28 | 27.78 | -65.84 | -20.85 | 1.05 | -21.05 | -14.63 |
| 21Q3 (8) | 5.00 | 150.0 | 296.83 | 4.32 | 2.61 | 1.41 | 2.29 | 8.02 | 9.57 | 12.25 | 207.79 | 276.92 | 8.35 | 135.21 | 235.34 | 14.44 | 132.53 | 228.93 | 5.00 | 128.31 | 214.47 | 0.59 | -1.67 | -4.84 | 12.52 | 193.21 | 251.69 | 191.87 | -0.29 | 4.01 | 18.67 | -64.92 | -70.98 | 81.33 | 73.71 | 128.18 | 1.33 | -0.75 | -5.0 |
| 21Q2 (7) | 2.00 | 31.58 | 86.92 | 4.21 | -10.23 | -11.18 | 2.12 | -14.86 | -9.79 | 3.98 | 12.75 | 30.92 | 3.55 | 15.26 | 46.09 | 6.21 | 28.57 | 61.72 | 2.19 | 25.14 | 56.43 | 0.60 | 9.09 | 9.09 | 4.27 | 10.62 | 25.22 | 192.43 | 0.6 | 1.84 | 53.20 | -24.53 | -31.27 | 46.82 | 58.9 | 107.64 | 1.34 | -4.29 | -14.1 |
| 21Q1 (6) | 1.52 | 2.7 | 40.74 | 4.69 | 9.07 | -4.67 | 2.49 | 23.88 | 7.79 | 3.53 | 14.24 | 10.66 | 3.08 | 18.92 | 13.24 | 4.83 | 1.68 | 27.44 | 1.75 | 0.57 | 23.24 | 0.55 | -15.38 | 12.24 | 3.86 | 14.2 | 4.61 | 191.28 | 5.76 | 2.57 | 70.50 | 8.63 | -2.62 | 29.47 | -16.05 | 6.76 | 1.40 | 13.82 | 0 |
| 20Q4 (5) | 1.48 | 17.46 | 27.59 | 4.30 | 0.94 | -3.8 | 2.01 | -3.83 | -6.51 | 3.09 | -4.92 | 4.39 | 2.59 | 4.02 | 16.14 | 4.75 | 8.2 | 17.57 | 1.74 | 9.43 | 16.0 | 0.65 | 4.84 | 3.17 | 3.38 | -5.06 | 1.5 | 180.87 | -1.95 | -1.87 | 64.90 | 0.9 | -10.74 | 35.10 | -1.53 | 28.63 | 1.23 | -12.14 | -8.89 |
| 20Q3 (4) | 1.26 | 17.76 | 0.0 | 4.26 | -10.13 | 0.0 | 2.09 | -11.06 | 0.0 | 3.25 | 6.91 | 0.0 | 2.49 | 2.47 | 0.0 | 4.39 | 14.32 | 0.0 | 1.59 | 13.57 | 0.0 | 0.62 | 12.73 | 0.0 | 3.56 | 4.4 | 0.0 | 184.47 | -2.38 | 0.0 | 64.32 | -16.91 | 0.0 | 35.65 | 58.07 | 0.0 | 1.40 | -10.26 | 0.0 |
| 20Q2 (3) | 1.07 | -0.93 | 0.0 | 4.74 | -3.66 | 0.0 | 2.35 | 1.73 | 0.0 | 3.04 | -4.7 | 0.0 | 2.43 | -10.66 | 0.0 | 3.84 | 1.32 | 0.0 | 1.40 | -1.41 | 0.0 | 0.55 | 12.24 | 0.0 | 3.41 | -7.59 | 0.0 | 188.96 | 1.32 | 0.0 | 77.41 | 6.92 | 0.0 | 22.55 | -18.3 | 0.0 | 1.56 | 0 | 0.0 |
| 20Q1 (2) | 1.08 | -6.9 | 0.0 | 4.92 | 10.07 | 0.0 | 2.31 | 7.44 | 0.0 | 3.19 | 7.77 | 0.0 | 2.72 | 21.97 | 0.0 | 3.79 | -6.19 | 0.0 | 1.42 | -5.33 | 0.0 | 0.49 | -22.22 | 0.0 | 3.69 | 10.81 | 0.0 | 186.49 | 1.18 | 0.0 | 72.40 | -0.43 | 0.0 | 27.60 | 1.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.16 | 0.0 | 0.0 | 4.47 | 0.0 | 0.0 | 2.15 | 0.0 | 0.0 | 2.96 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 4.04 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 184.32 | 0.0 | 0.0 | 72.71 | 0.0 | 0.0 | 27.29 | 0.0 | 0.0 | 1.35 | 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) | 4.37 | -53.71 | 4.44 | 5.71 | 2.18 | 1.4 | 0.16 | 14.63 | 2.66 | -44.35 | 1.99 | -48.31 | 10.55 | -54.51 | 4.36 | -47.22 | 1.82 | -9.45 | 3.34 | -36.5 | 187.58 | -4.2 | 82.10 | 82.15 | 17.89 | -67.42 | 0.30 | 1.13 | 1.34 | 4.69 |
| 2022 (9) | 9.44 | -8.79 | 4.20 | -2.55 | 2.15 | -5.7 | 0.14 | -9.65 | 4.78 | -15.85 | 3.85 | -11.49 | 23.19 | -19.95 | 8.26 | -17.89 | 2.01 | -11.06 | 5.26 | -11.74 | 195.80 | -4.99 | 45.07 | 12.19 | 54.93 | -8.19 | 0.30 | -5.31 | 1.28 | 1.59 |
| 2021 (8) | 10.35 | 111.66 | 4.31 | -4.65 | 2.28 | 5.56 | 0.15 | -20.7 | 5.68 | 80.89 | 4.35 | 70.59 | 28.97 | 84.52 | 10.06 | 72.85 | 2.26 | 4.15 | 5.96 | 70.29 | 206.09 | 13.94 | 40.17 | -41.68 | 59.83 | 92.3 | 0.32 | -20.58 | 1.26 | -13.1 |
| 2020 (7) | 4.89 | 19.56 | 4.52 | 4.39 | 2.16 | 22.73 | 0.19 | -4.86 | 3.14 | 20.31 | 2.55 | 20.28 | 15.70 | 10.18 | 5.82 | 10.23 | 2.17 | -5.65 | 3.50 | 15.13 | 180.87 | -1.87 | 68.89 | 2.43 | 31.11 | -4.99 | 0.40 | -8.65 | 1.45 | -5.84 |
| 2019 (6) | 4.09 | 3.28 | 4.33 | 14.55 | 1.76 | 24.82 | 0.20 | 93.25 | 2.61 | 25.48 | 2.12 | 17.78 | 14.25 | -0.9 | 5.28 | 1.15 | 2.30 | -14.18 | 3.04 | 27.2 | 184.32 | -7.31 | 67.26 | -0.86 | 32.74 | 1.81 | 0.44 | 2.1 | 1.54 | 14.93 |
| 2018 (5) | 3.96 | 7.9 | 3.78 | 7.08 | 1.41 | 4.44 | 0.10 | 10.37 | 2.08 | -3.7 | 1.80 | 2.27 | 14.38 | 1.63 | 5.22 | 0.97 | 2.68 | -1.83 | 2.39 | -2.05 | 198.86 | 1.03 | 67.84 | 8.37 | 32.16 | -14.04 | 0.43 | 0 | 1.34 | 2.29 |
| 2017 (4) | 3.67 | 25.68 | 3.53 | -0.28 | 1.35 | 8.0 | 0.09 | -7.53 | 2.16 | 29.34 | 1.76 | 17.33 | 14.15 | 21.15 | 5.17 | 19.68 | 2.73 | 4.6 | 2.44 | 22.61 | 196.83 | 2.89 | 62.60 | -16.05 | 37.42 | 47.12 | 0.00 | 0 | 1.31 | -2.24 |
| 2016 (3) | 2.92 | 45.27 | 3.54 | -1.67 | 1.25 | 1.63 | 0.10 | 5.22 | 1.67 | 43.97 | 1.50 | 41.51 | 11.68 | 53.89 | 4.32 | 42.11 | 2.61 | 9.66 | 1.99 | 30.92 | 191.30 | -7.68 | 74.57 | -29.42 | 25.43 | 0 | 0.00 | 0 | 1.34 | 8.06 |
| 2015 (2) | 2.01 | -36.39 | 3.60 | 3.45 | 1.23 | -8.21 | 0.10 | 10.4 | 1.16 | -38.3 | 1.06 | -33.33 | 7.59 | -35.35 | 3.04 | -32.29 | 2.38 | -6.67 | 1.52 | -30.59 | 207.21 | 6.73 | 105.64 | 47.59 | -5.64 | 0 | 0.00 | 0 | 1.24 | -0.8 |
| 2014 (1) | 3.16 | -4.82 | 3.48 | 0 | 1.34 | 0 | 0.09 | -27.3 | 1.88 | 0 | 1.59 | 0 | 11.74 | 0 | 4.49 | 0 | 2.55 | -6.59 | 2.19 | -2.23 | 194.14 | 3.76 | 71.58 | 17.95 | 28.44 | -27.67 | 0.00 | 0 | 1.25 | -1.57 |
