- 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) | 8.53 | -0.23 | 70.26 | 51.36 | 0.94 | 22.23 | 12.70 | -1.93 | 70.24 | 15.17 | -0.98 | 51.55 | 14.23 | -0.49 | 47.61 | 9.43 | -0.63 | 47.34 | 3.72 | -8.82 | 61.74 | 0.26 | -7.14 | 13.04 | 18.25 | -0.6 | 41.04 | 156.52 | -2.86 | -8.09 | 83.73 | -0.97 | 12.34 | 16.27 | 5.45 | -36.12 | 29.26 | 2.42 | 16.57 |
| 24Q2 (19) | 8.55 | 40.16 | 68.31 | 50.88 | 0.1 | 21.96 | 12.95 | 20.92 | 62.69 | 15.32 | 17.67 | 48.02 | 14.30 | 17.12 | 44.15 | 9.49 | 36.15 | 56.6 | 4.08 | 25.15 | 68.6 | 0.28 | 7.69 | 16.67 | 18.36 | 12.92 | 36.71 | 161.12 | 46.35 | -18.13 | 84.55 | 2.83 | 9.87 | 15.43 | -13.2 | -33.04 | 28.57 | -3.54 | 18.55 |
| 24Q1 (18) | 6.10 | 43.53 | 74.29 | 50.83 | 13.61 | 17.83 | 10.71 | 109.18 | 48.54 | 13.02 | 28.66 | 36.76 | 12.21 | 26.53 | 33.59 | 6.97 | 35.34 | 84.39 | 3.26 | 52.34 | 95.21 | 0.26 | 18.18 | 44.44 | 16.26 | 17.32 | 17.91 | 110.09 | -9.84 | -11.0 | 82.22 | 62.39 | 8.61 | 17.78 | -63.99 | -26.82 | 29.62 | 6.62 | 21.15 |
| 23Q4 (17) | 4.25 | -15.17 | 2.16 | 44.74 | 6.47 | 2.5 | 5.12 | -31.37 | -37.02 | 10.12 | 1.1 | -2.32 | 9.65 | 0.1 | -1.53 | 5.15 | -19.53 | 12.69 | 2.14 | -6.96 | 20.9 | 0.22 | -4.35 | 22.22 | 13.86 | 7.11 | -2.26 | 122.11 | -28.3 | -14.69 | 50.63 | -32.06 | -35.52 | 49.37 | 93.83 | 129.9 | 27.78 | 10.68 | 15.32 |
| 23Q3 (16) | 5.01 | -1.38 | -38.9 | 42.02 | 0.72 | -12.53 | 7.46 | -6.28 | -44.99 | 10.01 | -3.29 | -32.14 | 9.64 | -2.82 | -31.78 | 6.40 | 5.61 | -35.16 | 2.30 | -4.96 | -31.75 | 0.23 | -4.17 | 0.0 | 12.94 | -3.65 | -25.63 | 170.30 | -13.47 | -9.54 | 74.53 | -3.15 | -18.93 | 25.47 | 10.52 | 215.83 | 25.10 | 4.15 | -2.11 |
| 23Q2 (15) | 5.08 | 45.14 | -44.3 | 41.72 | -3.29 | -16.84 | 7.96 | 10.4 | -47.42 | 10.35 | 8.72 | -35.23 | 9.92 | 8.53 | -35.33 | 6.06 | 60.32 | -44.86 | 2.42 | 44.91 | -41.26 | 0.24 | 33.33 | -11.11 | 13.43 | -2.61 | -26.77 | 196.81 | 59.1 | -6.01 | 76.96 | 1.65 | -18.73 | 23.04 | -5.14 | 333.72 | 24.10 | -1.43 | -10.18 |
| 23Q1 (14) | 3.50 | -15.87 | -65.52 | 43.14 | -1.17 | -17.34 | 7.21 | -11.32 | -59.54 | 9.52 | -8.11 | -47.58 | 9.14 | -6.73 | -47.56 | 3.78 | -17.29 | -68.86 | 1.67 | -5.65 | -66.33 | 0.18 | 0.0 | -35.71 | 13.79 | -2.75 | -32.57 | 123.70 | -13.58 | -7.31 | 75.71 | -3.59 | -22.85 | 24.29 | 13.12 | 1199.45 | 24.45 | 1.49 | -10.14 |
| 22Q4 (13) | 4.16 | -49.27 | -53.88 | 43.65 | -9.14 | -17.44 | 8.13 | -40.04 | -52.43 | 10.36 | -29.76 | -41.1 | 9.80 | -30.64 | -41.77 | 4.57 | -53.7 | -63.53 | 1.77 | -47.48 | -61.18 | 0.18 | -21.74 | -33.33 | 14.18 | -18.51 | -29.24 | 143.14 | -23.97 | -10.48 | 78.53 | -14.59 | -19.19 | 21.47 | 166.29 | 660.08 | 24.09 | -6.05 | -11.89 |
| 22Q3 (12) | 8.20 | -10.09 | -14.32 | 48.04 | -4.25 | -8.72 | 13.56 | -10.44 | -26.66 | 14.75 | -7.7 | -16.15 | 14.13 | -7.89 | -16.29 | 9.87 | -10.19 | -35.36 | 3.37 | -18.2 | -32.33 | 0.23 | -14.81 | -20.69 | 17.40 | -5.13 | -11.9 | 188.26 | -10.09 | -3.39 | 91.94 | -2.91 | -12.55 | 8.06 | 51.78 | 257.32 | 25.64 | -4.44 | -1.84 |
| 22Q2 (11) | 9.12 | -10.15 | 8.19 | 50.17 | -3.87 | -0.48 | 15.14 | -15.04 | -9.07 | 15.98 | -12.0 | -7.95 | 15.34 | -11.99 | -7.92 | 10.99 | -9.47 | -20.19 | 4.12 | -16.94 | -15.23 | 0.27 | -3.57 | -6.9 | 18.34 | -10.32 | -6.29 | 209.39 | 56.91 | -6.01 | 94.69 | -3.51 | -1.26 | 5.31 | 184.21 | 29.5 | 26.83 | -1.4 | 2.48 |
| 22Q1 (10) | 10.15 | 12.53 | 69.73 | 52.19 | -1.29 | 16.55 | 17.82 | 4.27 | 39.0 | 18.16 | 3.24 | 33.14 | 17.43 | 3.57 | 33.16 | 12.14 | -3.11 | 24.39 | 4.96 | 8.77 | 29.84 | 0.28 | 3.7 | -3.45 | 20.45 | 2.05 | 28.21 | 133.45 | -16.54 | -11.35 | 98.13 | 0.98 | 4.36 | 1.87 | -33.83 | -68.68 | 27.21 | -0.48 | 12.39 |
| 21Q4 (9) | 9.02 | -5.75 | 75.15 | 52.87 | 0.46 | 22.92 | 17.09 | -7.57 | 42.3 | 17.59 | 0.0 | 39.16 | 16.83 | -0.3 | 41.55 | 12.53 | -17.94 | 35.9 | 4.56 | -8.43 | 36.94 | 0.27 | -6.9 | -3.57 | 20.04 | 1.47 | 31.93 | 159.89 | -17.95 | -3.1 | 97.17 | -7.56 | 2.27 | 2.83 | 155.12 | -43.27 | 27.34 | 4.67 | 21.46 |
| 21Q3 (8) | 9.57 | 13.52 | 94.91 | 52.63 | 4.4 | 27.28 | 18.49 | 11.05 | 61.2 | 17.59 | 1.32 | 47.69 | 16.88 | 1.32 | 50.71 | 15.27 | 10.89 | 60.23 | 4.98 | 2.47 | 60.13 | 0.29 | 0.0 | 7.41 | 19.75 | 0.92 | 38.02 | 194.86 | -12.53 | -0.62 | 105.13 | 9.62 | 9.22 | -5.13 | -224.94 | -236.86 | 26.12 | -0.23 | 24.8 |
| 21Q2 (7) | 8.43 | 40.97 | 112.34 | 50.41 | 12.57 | 12.65 | 16.65 | 29.88 | 46.7 | 17.36 | 27.27 | 39.44 | 16.66 | 27.27 | 42.39 | 13.77 | 41.09 | 83.6 | 4.86 | 27.23 | 86.21 | 0.29 | 0.0 | 31.82 | 19.57 | 22.7 | 26.58 | 222.78 | 48.0 | -0.83 | 95.90 | 1.99 | 5.2 | 4.10 | -31.27 | -53.63 | 26.18 | 8.14 | 12.22 |
| 21Q1 (6) | 5.98 | 16.12 | 86.29 | 44.78 | 4.12 | 6.06 | 12.82 | 6.74 | 40.88 | 13.64 | 7.91 | 25.14 | 13.09 | 10.09 | 27.83 | 9.76 | 5.86 | 67.99 | 3.82 | 14.71 | 70.54 | 0.29 | 3.57 | 38.1 | 15.95 | 5.0 | 12.72 | 150.53 | -8.78 | -7.7 | 94.03 | -1.04 | 12.58 | 5.97 | 19.86 | -63.89 | 24.21 | 7.55 | 0 |
| 20Q4 (5) | 5.15 | 4.89 | 59.44 | 43.01 | 4.01 | -2.05 | 12.01 | 4.71 | 11.93 | 12.64 | 6.13 | 19.92 | 11.89 | 6.16 | 20.71 | 9.22 | -3.25 | 51.15 | 3.33 | 7.07 | 46.7 | 0.28 | 3.7 | 21.74 | 15.19 | 6.15 | 12.1 | 165.01 | -15.85 | -2.76 | 95.02 | -1.28 | -6.63 | 4.98 | 32.97 | 373.76 | 22.51 | 7.55 | 0 |
| 20Q3 (4) | 4.91 | 23.68 | 0.0 | 41.35 | -7.6 | 0.0 | 11.47 | 1.06 | 0.0 | 11.91 | -4.34 | 0.0 | 11.20 | -4.27 | 0.0 | 9.53 | 27.07 | 0.0 | 3.11 | 19.16 | 0.0 | 0.27 | 22.73 | 0.0 | 14.31 | -7.44 | 0.0 | 196.08 | -12.72 | 0.0 | 96.25 | 5.6 | 0.0 | 3.75 | -57.66 | 0.0 | 20.93 | -10.29 | 0.0 |
| 20Q2 (3) | 3.97 | 23.68 | 0.0 | 44.75 | 5.99 | 0.0 | 11.35 | 24.73 | 0.0 | 12.45 | 14.22 | 0.0 | 11.70 | 14.26 | 0.0 | 7.50 | 29.09 | 0.0 | 2.61 | 16.52 | 0.0 | 0.22 | 4.76 | 0.0 | 15.46 | 9.26 | 0.0 | 224.65 | 37.75 | 0.0 | 91.15 | 9.13 | 0.0 | 8.85 | -46.49 | 0.0 | 23.33 | 0 | 0.0 |
| 20Q1 (2) | 3.21 | -0.62 | 0.0 | 42.22 | -3.85 | 0.0 | 9.10 | -15.19 | 0.0 | 10.90 | 3.42 | 0.0 | 10.24 | 3.96 | 0.0 | 5.81 | -4.75 | 0.0 | 2.24 | -1.32 | 0.0 | 0.21 | -8.7 | 0.0 | 14.15 | 4.43 | 0.0 | 163.08 | -3.9 | 0.0 | 83.53 | -17.92 | 0.0 | 16.53 | 1008.76 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 3.23 | 0.0 | 0.0 | 43.91 | 0.0 | 0.0 | 10.73 | 0.0 | 0.0 | 10.54 | 0.0 | 0.0 | 9.85 | 0.0 | 0.0 | 6.10 | 0.0 | 0.0 | 2.27 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 13.55 | 0.0 | 0.0 | 169.69 | 0.0 | 0.0 | 101.76 | 0.0 | 0.0 | -1.82 | 0.0 | 0.0 | 0.00 | 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) | 17.85 | -43.55 | 42.81 | -12.4 | 6.99 | -50.32 | 1.37 | 30.52 | 10.03 | -33.75 | 9.62 | -33.66 | 20.57 | -45.6 | 9.01 | -40.88 | 0.92 | -11.54 | 13.47 | -24.5 | 122.11 | -14.69 | 69.72 | -24.97 | 30.28 | 327.68 | 2.80 | 31.85 | 25.32 | -2.91 |
| 2022 (9) | 31.62 | -4.18 | 48.87 | -3.05 | 14.07 | -14.31 | 1.05 | 11.3 | 15.14 | -9.12 | 14.50 | -9.2 | 37.81 | -23.24 | 15.24 | -19.32 | 1.04 | -11.86 | 17.84 | -5.81 | 143.14 | -10.48 | 92.92 | -5.74 | 7.08 | 397.69 | 2.12 | -3.75 | 26.08 | 0.19 |
| 2021 (8) | 33.00 | 91.42 | 50.41 | 17.89 | 16.42 | 47.79 | 0.95 | -12.64 | 16.66 | 38.49 | 15.97 | 41.2 | 49.26 | 58.8 | 18.89 | 60.49 | 1.18 | 14.56 | 18.94 | 28.15 | 159.89 | -3.1 | 98.58 | 6.75 | 1.42 | -81.44 | 2.20 | -16.7 | 26.03 | 16.21 |
| 2020 (7) | 17.24 | 29.04 | 42.76 | -2.29 | 11.11 | 6.62 | 1.08 | -6.17 | 12.03 | 1.01 | 11.31 | 1.16 | 31.02 | 18.49 | 11.77 | 11.99 | 1.03 | 11.96 | 14.78 | -1.53 | 165.01 | -2.76 | 92.35 | 5.55 | 7.66 | -38.73 | 2.65 | -0.48 | 22.40 | -1.23 |
| 2019 (6) | 13.36 | 55.89 | 43.76 | -2.04 | 10.42 | 26.76 | 1.15 | -2.83 | 11.91 | 17.11 | 11.18 | 17.68 | 26.18 | 39.93 | 10.51 | 30.24 | 0.92 | 10.84 | 15.01 | 8.53 | 169.69 | 24.45 | 87.49 | 8.25 | 12.51 | -34.78 | 2.66 | -8.11 | 22.68 | -4.1 |
| 2018 (5) | 8.57 | 27.72 | 44.67 | 4.0 | 8.22 | 6.89 | 1.19 | 0.22 | 10.17 | 16.9 | 9.50 | 16.71 | 18.71 | 23.25 | 8.07 | 23.58 | 0.83 | 7.79 | 13.83 | 8.05 | 136.35 | -2.12 | 80.82 | -8.53 | 19.18 | 64.76 | 2.89 | -27.14 | 23.65 | 6.68 |
| 2017 (4) | 6.71 | 11.46 | 42.95 | -1.08 | 7.69 | -10.48 | 1.18 | -5.51 | 8.70 | 1.52 | 8.14 | 4.23 | 15.18 | 12.61 | 6.53 | 5.66 | 0.77 | 1.32 | 12.80 | -3.98 | 139.31 | -2.74 | 88.36 | -11.85 | 11.64 | 0 | 3.97 | 0 | 22.17 | 3.02 |
| 2016 (3) | 6.02 | 25.16 | 43.42 | 1.42 | 8.59 | 49.91 | 1.25 | -29.04 | 8.57 | 3.75 | 7.81 | 2.09 | 13.48 | 23.22 | 6.18 | 7.48 | 0.76 | 5.56 | 13.33 | 0.91 | 143.24 | 29.49 | 100.24 | 44.47 | -0.21 | 0 | 0.00 | 0 | 21.52 | -6.23 |
| 2015 (2) | 4.81 | -37.61 | 42.81 | -1.97 | 5.73 | -36.4 | 1.77 | -3.42 | 8.26 | -39.75 | 7.65 | -38.55 | 10.94 | -41.5 | 5.75 | -45.5 | 0.72 | -13.25 | 13.21 | -25.03 | 110.62 | 28.91 | 69.39 | 5.57 | 30.61 | -10.68 | 0.00 | 0 | 22.95 | 2.27 |
| 2014 (1) | 7.71 | 28.07 | 43.67 | 0 | 9.01 | 0 | 1.83 | -13.49 | 13.71 | 0 | 12.45 | 0 | 18.70 | 0 | 10.55 | 0 | 0.83 | -10.75 | 17.62 | 11.73 | 85.81 | 14.7 | 65.73 | -14.72 | 34.27 | 49.69 | 0.00 | 0 | 22.44 | 8.93 |
