- 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) | 3.29 | -3.24 | 12.29 | 20.35 | -1.55 | -5.3 | 10.75 | 3.66 | -7.57 | 12.48 | -12.85 | 3.57 | 10.38 | -11.66 | 4.43 | 5.77 | -9.42 | -4.94 | 2.90 | -3.33 | -2.68 | 0.28 | 12.0 | -6.67 | 15.14 | -12.33 | 0.26 | 94.55 | -13.83 | -7.13 | 86.16 | 18.96 | -10.71 | 13.84 | -49.85 | 295.0 | 14.27 | -8.7 | 3.71 |
| 24Q2 (19) | 3.40 | 40.5 | 36.0 | 20.67 | 2.48 | 15.47 | 10.37 | 3.91 | 29.3 | 14.32 | 19.04 | 22.81 | 11.75 | 29.55 | 36.79 | 6.37 | 37.58 | 15.19 | 3.00 | 33.93 | 14.07 | 0.25 | 0.0 | -16.67 | 17.27 | 13.92 | 16.77 | 109.73 | -8.37 | -0.27 | 72.42 | -12.67 | 5.38 | 27.60 | 61.74 | -11.72 | 15.63 | 5.54 | 14.59 |
| 24Q1 (18) | 2.42 | -15.68 | 18.05 | 20.17 | -3.35 | 19.28 | 9.98 | -5.85 | 26.97 | 12.03 | -4.22 | 27.98 | 9.07 | -10.64 | 15.84 | 4.63 | -15.51 | 5.47 | 2.24 | -19.13 | 5.16 | 0.25 | -7.41 | -7.41 | 15.16 | -3.44 | 16.26 | 119.75 | 24.03 | 4.46 | 82.93 | -1.65 | -0.81 | 17.07 | 8.89 | 4.16 | 14.81 | -3.64 | 11.02 |
| 23Q4 (17) | 2.87 | -2.05 | 20.08 | 20.87 | -2.89 | 16.59 | 10.60 | -8.86 | 25.89 | 12.56 | 4.23 | 40.65 | 10.15 | 2.11 | 31.65 | 5.48 | -9.72 | 7.24 | 2.77 | -7.05 | 13.52 | 0.27 | -10.0 | -12.9 | 15.70 | 3.97 | 30.51 | 96.55 | -5.17 | -8.6 | 84.33 | -12.61 | -10.6 | 15.67 | 347.18 | 175.95 | 15.37 | 11.7 | 13.43 |
| 23Q3 (16) | 2.93 | 17.2 | -1.35 | 21.49 | 20.06 | 14.01 | 11.63 | 45.01 | 14.36 | 12.05 | 3.34 | 8.75 | 9.94 | 15.72 | 15.05 | 6.07 | 9.76 | -10.6 | 2.98 | 13.31 | 0.0 | 0.30 | 0.0 | -11.76 | 15.10 | 2.1 | 8.95 | 101.81 | -7.47 | -16.45 | 96.50 | 40.4 | 5.1 | 3.50 | -88.79 | -57.34 | 13.76 | 0.88 | 6.92 |
| 23Q2 (15) | 2.50 | 21.95 | 0.0 | 17.90 | 5.85 | 2.17 | 8.02 | 2.04 | -8.55 | 11.66 | 24.04 | 19.71 | 8.59 | 9.71 | 13.47 | 5.53 | 25.97 | -9.34 | 2.63 | 23.47 | 6.91 | 0.30 | 11.11 | -6.25 | 14.79 | 13.42 | 16.55 | 110.03 | -4.02 | -22.66 | 68.73 | -17.8 | -23.67 | 31.27 | 90.84 | 213.95 | 13.64 | 2.25 | -2.78 |
| 23Q1 (14) | 2.05 | -14.23 | -14.94 | 16.91 | -5.53 | 0.77 | 7.86 | -6.65 | -7.96 | 9.40 | 5.26 | 6.58 | 7.83 | 1.56 | 8.9 | 4.39 | -14.09 | -25.72 | 2.13 | -12.7 | -11.98 | 0.27 | -12.9 | -20.59 | 13.04 | 8.4 | 12.9 | 114.64 | 8.53 | -27.9 | 83.61 | -11.35 | -13.57 | 16.39 | 188.51 | 402.43 | 13.34 | -1.55 | -1.55 |
| 22Q4 (13) | 2.39 | -19.53 | 1.27 | 17.90 | -5.04 | 1.19 | 8.42 | -17.21 | 1.32 | 8.93 | -19.4 | 1.02 | 7.71 | -10.76 | 11.26 | 5.11 | -24.74 | -13.68 | 2.44 | -18.12 | -2.4 | 0.31 | -8.82 | -13.89 | 12.03 | -13.2 | 3.98 | 105.63 | -13.31 | -20.19 | 94.32 | 2.73 | 0.28 | 5.68 | -30.87 | -4.47 | 13.55 | 5.28 | -4.1 |
| 22Q3 (12) | 2.97 | 18.8 | 32.0 | 18.85 | 7.59 | 6.26 | 10.17 | 15.96 | 13.63 | 11.08 | 13.76 | 23.66 | 8.64 | 14.13 | 18.68 | 6.79 | 11.31 | 11.13 | 2.98 | 21.14 | 19.2 | 0.34 | 6.25 | 0.0 | 13.86 | 9.22 | 18.56 | 121.85 | -14.35 | -16.05 | 91.81 | 1.97 | -8.15 | 8.22 | -17.52 | 20028.09 | 12.87 | -8.27 | -8.46 |
| 22Q2 (11) | 2.50 | 3.73 | 33.69 | 17.52 | 4.41 | 0.69 | 8.77 | 2.69 | 20.14 | 9.74 | 10.43 | 21.6 | 7.57 | 5.29 | 17.0 | 6.10 | 3.21 | 15.97 | 2.46 | 1.65 | 17.7 | 0.32 | -5.88 | 0.0 | 12.69 | 9.87 | 15.68 | 142.26 | -10.53 | -2.83 | 90.04 | -6.93 | -1.28 | 9.96 | 205.42 | 13.96 | 14.03 | 3.54 | -9.07 |
| 22Q1 (10) | 2.41 | 2.12 | 8.07 | 16.78 | -5.14 | -4.06 | 8.54 | 2.77 | 16.03 | 8.82 | -0.23 | -5.77 | 7.19 | 3.75 | -4.26 | 5.91 | -0.17 | -1.17 | 2.42 | -3.2 | -1.22 | 0.34 | -5.56 | 6.25 | 11.55 | -0.17 | -5.25 | 159.01 | 20.13 | -1.46 | 96.74 | 2.85 | 23.11 | 3.26 | -45.14 | -84.77 | 13.55 | -4.1 | -7.0 |
| 21Q4 (9) | 2.36 | 4.89 | 32.58 | 17.69 | -0.28 | 0.34 | 8.31 | -7.15 | 60.12 | 8.84 | -1.34 | 4.99 | 6.93 | -4.81 | 13.98 | 5.92 | -3.11 | 21.81 | 2.50 | 0.0 | 18.48 | 0.36 | 5.88 | 2.86 | 11.57 | -1.03 | 4.9 | 132.36 | -8.81 | 1.11 | 94.05 | -5.91 | 52.58 | 5.95 | 14465.55 | -84.48 | 14.13 | 0.5 | -11.41 |
| 21Q3 (8) | 2.25 | 20.32 | -11.76 | 17.74 | 1.95 | -13.84 | 8.95 | 22.6 | -14.02 | 8.96 | 11.86 | -12.24 | 7.28 | 12.52 | -11.0 | 6.11 | 16.16 | -15.61 | 2.50 | 19.62 | -18.83 | 0.34 | 6.25 | -8.11 | 11.69 | 6.56 | -8.39 | 145.14 | -0.86 | 10.05 | 99.96 | 9.59 | -2.0 | 0.04 | -99.53 | 102.04 | 14.06 | -8.88 | -0.07 |
| 21Q2 (7) | 1.87 | -16.14 | -45.0 | 17.40 | -0.51 | -13.26 | 7.30 | -0.82 | -20.48 | 8.01 | -14.42 | -38.29 | 6.47 | -13.85 | -41.55 | 5.26 | -12.04 | -48.33 | 2.09 | -14.69 | -50.82 | 0.32 | 0.0 | -15.79 | 10.97 | -10.01 | -28.67 | 146.40 | -9.27 | 3.5 | 91.21 | 16.07 | 28.84 | 8.74 | -59.19 | -70.07 | 15.43 | 5.9 | 0 |
| 21Q1 (6) | 2.23 | 25.28 | 3616.67 | 17.49 | -0.79 | 12.55 | 7.36 | 41.81 | 3.66 | 9.36 | 11.16 | 1276.47 | 7.51 | 23.52 | 1606.82 | 5.98 | 23.05 | 2114.81 | 2.45 | 16.11 | 1650.0 | 0.32 | -8.57 | 18.52 | 12.19 | 10.52 | 191.63 | 161.36 | 23.26 | 14.59 | 78.58 | 27.48 | -92.48 | 21.42 | -44.09 | 102.27 | 14.57 | -8.65 | 0 |
| 20Q4 (5) | 1.78 | -30.2 | -1.66 | 17.63 | -14.38 | -4.81 | 5.19 | -50.14 | -22.42 | 8.42 | -17.53 | 16.78 | 6.08 | -25.67 | 2.18 | 4.86 | -32.87 | 3.62 | 2.11 | -31.49 | 4.46 | 0.35 | -5.41 | 2.94 | 11.03 | -13.56 | 13.83 | 130.91 | -0.74 | 5.56 | 61.64 | -39.57 | -33.57 | 38.31 | 2013.41 | 431.86 | 15.95 | 13.36 | 0 |
| 20Q3 (4) | 2.55 | -25.0 | 0.0 | 20.59 | 2.64 | 0.0 | 10.41 | 13.4 | 0.0 | 10.21 | -21.34 | 0.0 | 8.18 | -26.11 | 0.0 | 7.24 | -28.88 | 0.0 | 3.08 | -27.53 | 0.0 | 0.37 | -2.63 | 0.0 | 12.76 | -17.04 | 0.0 | 131.88 | -6.77 | 0.0 | 102.00 | 44.09 | 0.0 | -2.00 | -106.86 | 0.0 | 14.07 | 0 | 0.0 |
| 20Q2 (3) | 3.40 | 5566.67 | 0.0 | 20.06 | 29.09 | 0.0 | 9.18 | 29.3 | 0.0 | 12.98 | 1808.82 | 0.0 | 11.07 | 2415.91 | 0.0 | 10.18 | 3670.37 | 0.0 | 4.25 | 2935.71 | 0.0 | 0.38 | 40.74 | 0.0 | 15.38 | 267.94 | 0.0 | 141.45 | 0.45 | 0.0 | 70.79 | -93.23 | 0.0 | 29.21 | 103.09 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.06 | -96.69 | 0.0 | 15.54 | -16.09 | 0.0 | 7.10 | 6.13 | 0.0 | 0.68 | -90.57 | 0.0 | 0.44 | -92.61 | 0.0 | 0.27 | -94.24 | 0.0 | 0.14 | -93.07 | 0.0 | 0.27 | -20.59 | 0.0 | 4.18 | -56.86 | 0.0 | 140.81 | 13.55 | 0.0 | 1045.53 | 1026.69 | 0.0 | -945.53 | -13226.59 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.81 | 0.0 | 0.0 | 18.52 | 0.0 | 0.0 | 6.69 | 0.0 | 0.0 | 7.21 | 0.0 | 0.0 | 5.95 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 9.69 | 0.0 | 0.0 | 124.01 | 0.0 | 0.0 | 92.80 | 0.0 | 0.0 | 7.20 | 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) | 10.35 | 0.88 | 19.35 | 8.83 | 9.57 | 6.33 | 3.02 | 12.83 | 11.47 | 18.61 | 9.15 | 17.46 | 20.33 | -11.65 | 10.23 | -4.3 | 1.11 | -18.38 | 14.69 | 16.96 | 96.55 | -8.6 | 83.46 | -10.29 | 16.54 | 137.67 | 0.14 | 31.92 | 14.03 | 4.0 |
| 2022 (9) | 10.26 | 17.8 | 17.78 | 1.08 | 9.00 | 12.36 | 2.68 | -0.02 | 9.67 | 10.01 | 7.79 | 10.5 | 23.01 | 4.4 | 10.69 | 11.7 | 1.36 | 0.74 | 12.56 | 8.28 | 105.63 | -20.19 | 93.04 | 2.11 | 6.96 | -21.62 | 0.11 | -22.9 | 13.49 | -7.09 |
| 2021 (8) | 8.71 | 11.67 | 17.59 | -5.94 | 8.01 | -0.62 | 2.68 | 4.55 | 8.79 | 1.74 | 7.05 | 2.03 | 22.04 | 8.36 | 9.57 | 6.1 | 1.35 | 4.65 | 11.60 | 2.2 | 132.36 | 1.11 | 91.12 | -2.28 | 8.88 | 31.44 | 0.14 | 3.49 | 14.52 | -1.76 |
| 2020 (7) | 7.80 | -7.69 | 18.70 | 6.31 | 8.06 | 19.05 | 2.56 | 5.34 | 8.64 | -2.37 | 6.91 | -5.99 | 20.34 | -10.2 | 9.02 | -8.24 | 1.29 | -2.27 | 11.35 | -1.22 | 130.91 | 5.56 | 93.25 | 21.81 | 6.75 | -71.18 | 0.13 | -32.64 | 14.78 | 7.41 |
| 2019 (6) | 8.45 | 61.88 | 17.59 | 21.65 | 6.77 | 27.02 | 2.43 | 3.88 | 8.85 | 53.38 | 7.35 | 61.18 | 22.65 | 60.64 | 9.83 | 63.83 | 1.32 | 3.13 | 11.49 | 37.11 | 124.01 | -14.24 | 76.55 | -17.11 | 23.43 | 205.67 | 0.20 | -41.45 | 13.76 | 6.34 |
| 2018 (5) | 5.22 | -11.82 | 14.46 | -15.98 | 5.33 | -8.89 | 2.34 | -7.07 | 5.77 | -25.93 | 4.56 | -26.81 | 14.10 | -17.83 | 6.00 | -20.32 | 1.28 | 7.56 | 8.38 | -20.57 | 144.60 | 4.36 | 92.35 | 23.1 | 7.67 | -69.3 | 0.34 | 0 | 12.94 | -7.83 |
| 2017 (4) | 5.92 | 12.98 | 17.21 | -1.94 | 5.85 | -10.41 | 2.52 | -3.08 | 7.79 | 11.93 | 6.23 | 11.45 | 17.16 | 8.81 | 7.53 | 6.06 | 1.19 | -4.8 | 10.55 | 7.98 | 138.56 | 10.49 | 75.02 | -20.04 | 24.98 | 304.36 | 0.00 | 0 | 14.04 | -2.02 |
| 2016 (3) | 5.24 | -7.42 | 17.55 | 15.54 | 6.53 | 14.36 | 2.60 | 4.42 | 6.96 | 7.57 | 5.59 | 2.57 | 15.77 | -6.8 | 7.10 | -7.67 | 1.25 | -10.07 | 9.77 | 6.43 | 125.41 | -0.32 | 93.82 | 6.35 | 6.18 | -47.49 | 0.00 | 0 | 14.33 | 6.78 |
| 2015 (2) | 5.66 | -9.0 | 15.19 | -3.0 | 5.71 | -2.23 | 2.49 | 5.07 | 6.47 | -7.57 | 5.45 | -6.2 | 16.92 | -8.93 | 7.69 | -11.61 | 1.39 | -6.08 | 9.18 | -3.97 | 125.81 | 4.23 | 88.22 | 5.63 | 11.76 | -28.64 | 0.00 | 0 | 13.42 | -0.15 |
| 2014 (1) | 6.22 | 6.69 | 15.66 | 0 | 5.84 | 0 | 2.37 | 5.17 | 7.00 | 0 | 5.81 | 0 | 18.58 | 0 | 8.70 | 0 | 1.48 | -3.9 | 9.56 | 4.48 | 120.70 | 10.29 | 83.52 | -2.15 | 16.48 | 12.51 | 0.00 | 0 | 13.44 | -0.37 |
