- 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) | 1.16 | -8.66 | -0.85 | 36.69 | -4.68 | -0.65 | 20.46 | -7.17 | -4.26 | 20.66 | -9.47 | -4.75 | 16.70 | -10.6 | -4.46 | 2.43 | -6.18 | -1.22 | 1.79 | -6.28 | -1.1 | 0.11 | 10.0 | 10.0 | 39.01 | -6.34 | -4.18 | 31.79 | -24.63 | -2.39 | 99.02 | 2.5 | 0.51 | 0.98 | -71.02 | -33.84 | 22.03 | -2.13 | 3.48 |
| 24Q2 (19) | 1.27 | 4.96 | -0.78 | 38.49 | 3.22 | 0.94 | 22.04 | 1.57 | -3.88 | 22.82 | 4.58 | -3.63 | 18.68 | 6.86 | -2.15 | 2.59 | 7.92 | -1.15 | 1.91 | 3.8 | -1.55 | 0.10 | 0.0 | 0.0 | 41.65 | 3.09 | -2.69 | 42.18 | 37.93 | 1.69 | 96.60 | -2.88 | -0.26 | 3.39 | 535.65 | 7.67 | 22.51 | 4.36 | 4.02 |
| 24Q1 (18) | 1.21 | 14.15 | -2.42 | 37.29 | 11.71 | -1.77 | 21.70 | 28.4 | -3.38 | 21.82 | 29.34 | -3.54 | 17.48 | 26.76 | -4.01 | 2.40 | 10.09 | -3.23 | 1.84 | 10.84 | -3.16 | 0.10 | -16.67 | 0.0 | 40.40 | 20.92 | -2.37 | 30.58 | -6.43 | 1.93 | 99.47 | -0.71 | 0.17 | 0.53 | 393.23 | -23.89 | 21.57 | 14.19 | 1.36 |
| 23Q4 (17) | 1.06 | -9.4 | -1.85 | 33.38 | -9.61 | -0.65 | 16.90 | -20.92 | -8.25 | 16.87 | -22.22 | -7.46 | 13.79 | -21.11 | -6.76 | 2.18 | -11.38 | -3.54 | 1.66 | -8.29 | -3.49 | 0.12 | 20.0 | 0.0 | 33.41 | -17.93 | -5.41 | 32.68 | 0.34 | -0.58 | 100.17 | 1.68 | -0.85 | -0.18 | -112.25 | 82.37 | 18.89 | -11.27 | -2.83 |
| 23Q3 (16) | 1.17 | -8.59 | -3.31 | 36.93 | -3.15 | -2.82 | 21.37 | -6.8 | -6.15 | 21.69 | -8.4 | -4.91 | 17.48 | -8.43 | -4.32 | 2.46 | -6.11 | -4.65 | 1.81 | -6.7 | -5.24 | 0.10 | 0.0 | 0.0 | 40.71 | -4.88 | -2.77 | 32.57 | -21.48 | 4.66 | 98.51 | 1.72 | -1.29 | 1.49 | -52.83 | 656.08 | 21.29 | -1.62 | 1.57 |
| 23Q2 (15) | 1.28 | 3.23 | 3.23 | 38.13 | 0.45 | -0.47 | 22.93 | 2.09 | 0.0 | 23.68 | 4.69 | -0.67 | 19.09 | 4.83 | -0.26 | 2.62 | 5.65 | 1.16 | 1.94 | 2.11 | 0.52 | 0.10 | 0.0 | 0.0 | 42.80 | 3.43 | -1.22 | 41.48 | 38.27 | 1.74 | 96.85 | -2.47 | 0.69 | 3.15 | 349.29 | -17.39 | 21.64 | 1.69 | -1.77 |
| 23Q1 (14) | 1.24 | 14.81 | 5.98 | 37.96 | 12.98 | -0.68 | 22.46 | 21.93 | -1.19 | 22.62 | 24.08 | -0.62 | 18.21 | 23.12 | -0.55 | 2.48 | 9.73 | 4.64 | 1.90 | 10.47 | 3.83 | 0.10 | -16.67 | 0.0 | 41.38 | 17.16 | -1.85 | 30.00 | -8.73 | 1.8 | 99.30 | -1.72 | -0.58 | 0.70 | 167.92 | 445.93 | 21.28 | 9.47 | -3.71 |
| 22Q4 (13) | 1.08 | -10.74 | -2.7 | 33.60 | -11.58 | 1.76 | 18.42 | -19.1 | -0.65 | 18.23 | -20.08 | -2.36 | 14.79 | -19.05 | -2.38 | 2.26 | -12.4 | -3.83 | 1.72 | -9.95 | -4.97 | 0.12 | 20.0 | 0.0 | 35.32 | -15.64 | -0.11 | 32.87 | 5.62 | 5.59 | 101.03 | 1.23 | 1.75 | -1.03 | -625.23 | -246.15 | 19.44 | -7.25 | 0.83 |
| 22Q3 (12) | 1.21 | -2.42 | 0.0 | 38.00 | -0.81 | 2.65 | 22.77 | -0.7 | 1.24 | 22.81 | -4.32 | -4.08 | 18.27 | -4.55 | -4.5 | 2.58 | -0.39 | 0.0 | 1.91 | -1.04 | -1.04 | 0.10 | 0.0 | 0.0 | 41.87 | -3.37 | -3.12 | 31.12 | -23.67 | 4.18 | 99.80 | 3.76 | 5.56 | 0.20 | -94.85 | -96.39 | 20.96 | -4.86 | -1.83 |
| 22Q2 (11) | 1.24 | 5.98 | 7.83 | 38.31 | 0.24 | 2.49 | 22.93 | 0.88 | 0.79 | 23.84 | 4.75 | 3.16 | 19.14 | 4.53 | 2.41 | 2.59 | 9.28 | 7.47 | 1.93 | 5.46 | 6.04 | 0.10 | 0.0 | 0.0 | 43.33 | 2.78 | 1.03 | 40.77 | 38.34 | 4.7 | 96.18 | -3.7 | -2.26 | 3.82 | 2869.15 | 140.33 | 22.03 | -0.32 | -2.57 |
| 22Q1 (10) | 1.17 | 5.41 | 2.63 | 38.22 | 15.75 | 5.17 | 22.73 | 22.6 | 2.57 | 22.76 | 21.91 | 0.71 | 18.31 | 20.86 | 0.55 | 2.37 | 0.85 | 2.16 | 1.83 | 1.1 | 1.1 | 0.10 | -16.67 | 0.0 | 42.16 | 19.23 | 0.31 | 29.47 | -5.33 | 7.4 | 99.88 | 0.59 | 1.82 | 0.13 | -81.82 | -93.27 | 22.10 | 14.63 | 0.18 |
| 21Q4 (9) | 1.11 | -8.26 | 4.72 | 33.02 | -10.8 | 14.53 | 18.54 | -17.56 | 5.04 | 18.67 | -21.49 | 6.69 | 15.15 | -20.81 | 4.92 | 2.35 | -8.91 | 5.38 | 1.81 | -6.22 | 5.23 | 0.12 | 20.0 | 0.0 | 35.36 | -18.19 | 4.8 | 31.13 | 4.22 | 3.46 | 99.29 | 5.02 | -1.53 | 0.71 | -87.04 | 184.56 | 19.28 | -9.7 | 0.63 |
| 21Q3 (8) | 1.21 | 5.22 | 13.08 | 37.02 | -0.96 | 9.33 | 22.49 | -1.14 | 9.44 | 23.78 | 2.9 | 14.6 | 19.13 | 2.35 | 14.48 | 2.58 | 7.05 | 10.73 | 1.93 | 6.04 | 10.29 | 0.10 | 0.0 | 0.0 | 43.22 | 0.77 | 10.2 | 29.87 | -23.29 | -3.74 | 94.55 | -3.93 | -4.55 | 5.45 | 243.55 | 473.16 | 21.35 | -5.57 | -0.05 |
| 21Q2 (7) | 1.15 | 0.88 | 3.6 | 37.38 | 2.86 | -0.74 | 22.75 | 2.66 | 2.48 | 23.11 | 2.26 | 0.96 | 18.69 | 2.64 | 0.92 | 2.41 | 3.88 | 3.88 | 1.82 | 0.55 | 2.82 | 0.10 | 0.0 | 0.0 | 42.89 | 2.05 | 2.83 | 38.94 | 41.91 | 5.7 | 98.41 | 0.33 | 1.49 | 1.59 | -16.81 | -47.68 | 22.61 | 2.49 | -3.58 |
| 21Q1 (6) | 1.14 | 7.55 | 6.54 | 36.34 | 26.05 | -1.46 | 22.16 | 25.55 | 1.33 | 22.60 | 29.14 | 2.17 | 18.21 | 26.11 | 2.59 | 2.32 | 4.04 | 5.94 | 1.81 | 5.23 | 2.84 | 0.10 | -16.67 | 0.0 | 42.03 | 24.57 | 2.69 | 27.44 | -8.81 | 1.59 | 98.09 | -2.72 | -0.78 | 1.91 | 328.34 | 67.96 | 22.06 | 15.14 | 0 |
| 20Q4 (5) | 1.06 | -0.93 | 6.0 | 28.83 | -14.86 | -11.75 | 17.65 | -14.11 | -1.84 | 17.50 | -15.66 | -3.37 | 14.44 | -13.58 | -0.76 | 2.23 | -4.29 | 5.69 | 1.72 | -1.71 | 1.18 | 0.12 | 20.0 | 0.0 | 33.74 | -13.97 | -2.23 | 30.09 | -3.03 | 27.66 | 100.84 | 1.8 | 1.54 | -0.84 | -187.82 | -219.38 | 19.16 | -10.3 | -8.81 |
| 20Q3 (4) | 1.07 | -3.6 | 0.0 | 33.86 | -10.09 | 0.0 | 20.55 | -7.43 | 0.0 | 20.75 | -9.35 | 0.0 | 16.71 | -9.77 | 0.0 | 2.33 | 0.43 | 0.0 | 1.75 | -1.13 | 0.0 | 0.10 | 0.0 | 0.0 | 39.22 | -5.97 | 0.0 | 31.03 | -15.77 | 0.0 | 99.05 | 2.15 | 0.0 | 0.95 | -68.64 | 0.0 | 21.36 | -8.91 | 0.0 |
| 20Q2 (3) | 1.11 | 3.74 | 0.0 | 37.66 | 2.11 | 0.0 | 22.20 | 1.51 | 0.0 | 22.89 | 3.48 | 0.0 | 18.52 | 4.34 | 0.0 | 2.32 | 5.94 | 0.0 | 1.77 | 0.57 | 0.0 | 0.10 | 0.0 | 0.0 | 41.71 | 1.91 | 0.0 | 36.84 | 36.39 | 0.0 | 96.97 | -1.92 | 0.0 | 3.03 | 167.06 | 0.0 | 23.45 | 0 | 0.0 |
| 20Q1 (2) | 1.07 | 7.0 | 0.0 | 36.88 | 12.89 | 0.0 | 21.87 | 21.64 | 0.0 | 22.12 | 22.14 | 0.0 | 17.75 | 21.99 | 0.0 | 2.19 | 3.79 | 0.0 | 1.76 | 3.53 | 0.0 | 0.10 | -16.67 | 0.0 | 40.93 | 18.6 | 0.0 | 27.01 | 14.59 | 0.0 | 98.86 | -0.45 | 0.0 | 1.14 | 62.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.00 | 0.0 | 0.0 | 32.67 | 0.0 | 0.0 | 17.98 | 0.0 | 0.0 | 18.11 | 0.0 | 0.0 | 14.55 | 0.0 | 0.0 | 2.11 | 0.0 | 0.0 | 1.70 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 34.51 | 0.0 | 0.0 | 23.57 | 0.0 | 0.0 | 99.31 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 21.01 | 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) | 4.76 | 1.28 | 36.48 | -1.19 | 20.77 | -3.84 | 14.77 | -2.39 | 21.05 | -3.4 | 17.02 | -2.91 | 9.63 | -0.52 | 7.30 | -0.95 | 0.43 | 2.38 | 39.35 | -2.82 | 32.68 | -0.58 | 98.64 | -0.51 | 1.36 | 58.96 | 13.88 | -8.29 | 20.70 | -1.76 |
| 2022 (9) | 4.70 | 1.95 | 36.92 | 3.1 | 21.60 | 1.17 | 15.13 | 0.02 | 21.79 | -0.46 | 17.53 | -0.79 | 9.68 | 1.57 | 7.37 | 0.55 | 0.42 | 2.44 | 40.49 | -0.32 | 32.87 | 5.59 | 99.14 | 1.65 | 0.86 | -65.34 | 15.14 | -7.49 | 21.07 | -0.71 |
| 2021 (8) | 4.61 | 6.96 | 35.81 | 5.32 | 21.35 | 4.66 | 15.12 | 1.47 | 21.89 | 6.11 | 17.67 | 5.68 | 9.53 | 6.48 | 7.33 | 3.39 | 0.41 | -2.38 | 40.62 | 5.18 | 31.13 | 3.46 | 97.53 | -1.39 | 2.47 | 125.4 | 16.36 | -8.23 | 21.22 | -2.03 |
| 2020 (7) | 4.31 | 1.89 | 34.00 | -1.42 | 20.40 | 4.13 | 14.90 | 0.02 | 20.63 | 2.53 | 16.72 | 2.77 | 8.95 | 2.4 | 7.09 | -1.12 | 0.42 | -4.55 | 38.62 | 2.49 | 30.09 | 27.66 | 98.90 | 1.59 | 1.10 | -58.59 | 17.83 | 80.94 | 21.66 | -2.61 |
| 2019 (6) | 4.23 | -7.64 | 34.49 | -2.13 | 19.59 | -3.26 | 14.90 | 16.84 | 20.12 | -3.59 | 16.27 | -3.84 | 8.74 | -8.86 | 7.17 | -9.7 | 0.44 | -6.38 | 37.68 | 3.04 | 23.57 | 12.94 | 97.36 | 0.33 | 2.64 | -10.91 | 9.85 | -9.62 | 22.24 | 1.92 |
| 2018 (5) | 4.58 | -8.58 | 35.24 | -0.62 | 20.25 | -1.36 | 12.75 | 3.03 | 20.87 | -1.09 | 16.92 | -3.86 | 9.59 | -10.79 | 7.94 | -10.99 | 0.47 | -7.84 | 36.57 | 4.07 | 20.87 | 0.53 | 97.03 | -0.28 | 2.97 | 10.09 | 10.90 | 0 | 21.82 | 4.7 |
| 2017 (4) | 5.01 | -2.91 | 35.46 | -1.06 | 20.53 | -1.86 | 12.38 | -2.18 | 21.10 | -1.72 | 17.60 | -1.84 | 10.75 | -2.89 | 8.92 | -2.62 | 0.51 | 0.0 | 35.14 | -1.29 | 20.76 | 1.47 | 97.30 | -0.11 | 2.70 | 4.26 | 0.00 | 0 | 20.84 | 0.39 |
| 2016 (3) | 5.16 | -6.52 | 35.84 | -0.72 | 20.92 | -3.73 | 12.66 | -3.4 | 21.47 | -4.24 | 17.93 | -4.83 | 11.07 | -5.71 | 9.16 | -5.66 | 0.51 | -1.92 | 35.60 | -3.42 | 20.46 | -3.17 | 97.41 | 0.52 | 2.59 | -16.38 | 0.00 | 0 | 20.76 | 1.67 |
| 2015 (2) | 5.52 | 10.84 | 36.10 | 4.58 | 21.73 | 9.91 | 13.10 | -6.92 | 22.42 | 9.15 | 18.84 | 9.03 | 11.74 | 10.13 | 9.71 | 9.97 | 0.52 | 1.96 | 36.86 | 3.48 | 21.13 | 1.2 | 96.91 | 0.71 | 3.09 | -18.07 | 0.00 | 0 | 20.42 | -0.73 |
| 2014 (1) | 4.98 | -2.73 | 34.52 | 0 | 19.77 | 0 | 14.08 | 3.67 | 20.54 | 0 | 17.28 | 0 | 10.66 | 0 | 8.83 | 0 | 0.51 | -1.92 | 35.62 | -0.17 | 20.88 | 0.58 | 96.23 | -0.88 | 3.77 | 29.16 | 0.00 | 0 | 20.57 | 3.94 |
