- 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) | 2.87 | -11.15 | -1.71 | 34.06 | -0.61 | -0.93 | 4.21 | -4.97 | -10.99 | 5.09 | -10.7 | -7.62 | 3.98 | -16.56 | -5.91 | 7.51 | -7.17 | -5.18 | 1.44 | -11.66 | -5.88 | 0.33 | 3.13 | 0.0 | 12.76 | -6.18 | -3.26 | 459.85 | -4.9 | 2.47 | 82.68 | 6.51 | -3.63 | 17.32 | -22.58 | 21.74 | 9.37 | -0.95 | -1.88 |
| 24Q2 (19) | 3.23 | 14.13 | 31.3 | 34.27 | 1.09 | 1.75 | 4.43 | -1.56 | -1.77 | 5.70 | 5.36 | 9.2 | 4.77 | 12.5 | 19.25 | 8.09 | 18.1 | 18.1 | 1.63 | 13.19 | 13.99 | 0.32 | 3.23 | -3.03 | 13.60 | 1.34 | 2.8 | 483.53 | 21.4 | 1.85 | 77.63 | -6.72 | -10.31 | 22.37 | 33.16 | 66.39 | 9.46 | -4.83 | -1.46 |
| 24Q1 (18) | 2.83 | 33.49 | 4.43 | 33.90 | -0.79 | -0.99 | 4.50 | 26.4 | -1.32 | 5.41 | 19.96 | -0.18 | 4.24 | 22.9 | -1.62 | 6.85 | 14.74 | -0.58 | 1.44 | 18.03 | -5.26 | 0.31 | -3.13 | -6.06 | 13.42 | 8.05 | -0.89 | 398.28 | -9.04 | 7.92 | 83.23 | 5.33 | -1.18 | 16.80 | -19.96 | 6.43 | 9.94 | 8.75 | 0.2 |
| 23Q4 (17) | 2.12 | -27.4 | 12.17 | 34.17 | -0.61 | 0.18 | 3.56 | -24.74 | -8.95 | 4.51 | -18.15 | 5.13 | 3.45 | -18.44 | 5.83 | 5.97 | -24.62 | 7.37 | 1.22 | -20.26 | 2.52 | 0.32 | -3.03 | -3.03 | 12.42 | -5.84 | 0.49 | 437.86 | -2.43 | 6.56 | 79.01 | -7.91 | -13.45 | 20.99 | 47.55 | 140.07 | 9.14 | -4.29 | 0.99 |
| 23Q3 (16) | 2.92 | 18.7 | 12.74 | 34.38 | 2.08 | 2.08 | 4.73 | 4.88 | 9.49 | 5.51 | 5.56 | 5.76 | 4.23 | 5.75 | 2.17 | 7.92 | 15.62 | 3.26 | 1.53 | 6.99 | 0.66 | 0.33 | 0.0 | -2.94 | 13.19 | -0.3 | 1.54 | 448.76 | -5.48 | 7.57 | 85.80 | -0.88 | 3.34 | 14.22 | 5.81 | -16.32 | 9.55 | -0.52 | -0.21 |
| 23Q2 (15) | 2.46 | -9.23 | 4.24 | 33.68 | -1.64 | 1.69 | 4.51 | -1.1 | 7.38 | 5.22 | -3.69 | 2.55 | 4.00 | -7.19 | -2.2 | 6.85 | -0.58 | -0.15 | 1.43 | -5.92 | -0.69 | 0.33 | 0.0 | 0.0 | 13.23 | -2.29 | -0.08 | 474.76 | 28.64 | 0.57 | 86.56 | 2.78 | 4.82 | 13.44 | -14.83 | -22.84 | 9.60 | -3.23 | -1.74 |
| 23Q1 (14) | 2.71 | 43.39 | 29.67 | 34.24 | 0.38 | 1.18 | 4.56 | 16.62 | -0.65 | 5.42 | 26.34 | 12.92 | 4.31 | 32.21 | 14.02 | 6.89 | 23.92 | 19.62 | 1.52 | 27.73 | 16.92 | 0.33 | 0.0 | 3.13 | 13.54 | 9.55 | 2.34 | 369.06 | -10.18 | 1.22 | 84.22 | -7.75 | -11.85 | 15.78 | 80.55 | 253.84 | 9.92 | 9.61 | -0.5 |
| 22Q4 (13) | 1.89 | -27.03 | -15.25 | 34.11 | 1.28 | 1.01 | 3.91 | -9.49 | -10.73 | 4.29 | -17.66 | -15.22 | 3.26 | -21.26 | -18.91 | 5.56 | -27.51 | -16.64 | 1.19 | -21.71 | -16.2 | 0.33 | -2.94 | 3.13 | 12.36 | -4.85 | -7.55 | 410.89 | -1.51 | 2.39 | 91.29 | 9.95 | 5.38 | 8.74 | -48.57 | -34.77 | 9.05 | -5.43 | 0.0 |
| 22Q3 (12) | 2.59 | 9.75 | 30.81 | 33.68 | 1.69 | 1.91 | 4.32 | 2.86 | 16.44 | 5.21 | 2.36 | 23.17 | 4.14 | 1.22 | 15.64 | 7.67 | 11.81 | 27.83 | 1.52 | 5.56 | 23.58 | 0.34 | 3.03 | 9.68 | 12.99 | -1.89 | 1.64 | 417.18 | -11.62 | -1.68 | 83.03 | 0.55 | -5.31 | 17.00 | -2.44 | 37.61 | 9.57 | -2.05 | -0.83 |
| 22Q2 (11) | 2.36 | 12.92 | 38.82 | 33.12 | -2.13 | -0.33 | 4.20 | -8.5 | 28.44 | 5.09 | 6.04 | 33.25 | 4.09 | 8.2 | 33.66 | 6.86 | 19.1 | 50.77 | 1.44 | 10.77 | 37.14 | 0.33 | 3.13 | 10.0 | 13.24 | 0.08 | 5.41 | 472.05 | 29.46 | 4.4 | 82.58 | -13.57 | -3.48 | 17.42 | 290.6 | 20.61 | 9.77 | -2.01 | -5.51 |
| 22Q1 (10) | 2.09 | -6.28 | -19.92 | 33.84 | 0.21 | -0.76 | 4.59 | 4.79 | -5.36 | 4.80 | -5.14 | -8.22 | 3.78 | -5.97 | -17.29 | 5.76 | -13.64 | -10.42 | 1.30 | -8.45 | -15.58 | 0.32 | 0.0 | 3.23 | 13.23 | -1.05 | -3.22 | 364.62 | -9.14 | 7.58 | 95.54 | 10.29 | 2.92 | 4.46 | -66.72 | -38.07 | 9.97 | 10.17 | -3.48 |
| 21Q4 (9) | 2.23 | 12.63 | 1.83 | 33.77 | 2.18 | 0.36 | 4.38 | 18.06 | 0.92 | 5.06 | 19.62 | 2.43 | 4.02 | 12.29 | 3.34 | 6.67 | 11.17 | 14.02 | 1.42 | 15.45 | 2.16 | 0.32 | 3.23 | 0.0 | 13.37 | 4.62 | -0.22 | 401.28 | -5.43 | 9.71 | 86.63 | -1.21 | -1.29 | 13.40 | 8.5 | 9.52 | 9.05 | -6.22 | -4.74 |
| 21Q3 (8) | 1.98 | 16.47 | -28.26 | 33.05 | -0.54 | -3.64 | 3.71 | 13.46 | -28.24 | 4.23 | 10.73 | -26.43 | 3.58 | 16.99 | -23.67 | 6.00 | 31.87 | -21.67 | 1.23 | 17.14 | -27.65 | 0.31 | 3.33 | -8.82 | 12.78 | 1.75 | -6.51 | 424.32 | -6.16 | 15.13 | 87.69 | 2.49 | -2.4 | 12.35 | -14.49 | 21.61 | 9.65 | -6.67 | -0.92 |
| 21Q2 (7) | 1.70 | -34.87 | -30.33 | 33.23 | -2.55 | -1.51 | 3.27 | -32.58 | -22.14 | 3.82 | -26.96 | -22.83 | 3.06 | -33.04 | -30.45 | 4.55 | -29.24 | -25.77 | 1.05 | -31.82 | -30.0 | 0.30 | -3.23 | -3.23 | 12.56 | -8.12 | -6.96 | 452.16 | 33.4 | 11.69 | 85.56 | -7.83 | 0.83 | 14.44 | 100.57 | -4.62 | 10.34 | 0.1 | 0.19 |
| 21Q1 (6) | 2.61 | 19.18 | 6.1 | 34.10 | 1.34 | -1.47 | 4.85 | 11.75 | -4.15 | 5.23 | 5.87 | -8.41 | 4.57 | 17.48 | -0.22 | 6.43 | 9.91 | 4.21 | 1.54 | 10.79 | -4.35 | 0.31 | -3.13 | -3.13 | 13.67 | 2.01 | -1.87 | 338.94 | -7.34 | 12.34 | 92.83 | 5.77 | 4.73 | 7.20 | -41.14 | -36.63 | 10.33 | 8.74 | 0 |
| 20Q4 (5) | 2.19 | -20.65 | 0.0 | 33.65 | -1.9 | -1.2 | 4.34 | -16.05 | -8.63 | 4.94 | -14.09 | -10.18 | 3.89 | -17.06 | -8.25 | 5.85 | -23.63 | -5.8 | 1.39 | -18.24 | -12.58 | 0.32 | -5.88 | -5.88 | 13.40 | -1.98 | -0.74 | 365.77 | -0.75 | 10.36 | 87.76 | -2.31 | 1.71 | 12.24 | 20.48 | -10.78 | 9.50 | -2.46 | -6.31 |
| 20Q3 (4) | 2.76 | 13.11 | 0.0 | 34.30 | 1.66 | 0.0 | 5.17 | 23.1 | 0.0 | 5.75 | 16.16 | 0.0 | 4.69 | 6.59 | 0.0 | 7.66 | 24.96 | 0.0 | 1.70 | 13.33 | 0.0 | 0.34 | 9.68 | 0.0 | 13.67 | 1.26 | 0.0 | 368.55 | -8.96 | 0.0 | 89.84 | 5.88 | 0.0 | 10.16 | -32.94 | 0.0 | 9.74 | -5.62 | 0.0 |
| 20Q2 (3) | 2.44 | -0.81 | 0.0 | 33.74 | -2.51 | 0.0 | 4.20 | -17.0 | 0.0 | 4.95 | -13.31 | 0.0 | 4.40 | -3.93 | 0.0 | 6.13 | -0.65 | 0.0 | 1.50 | -6.83 | 0.0 | 0.31 | -3.13 | 0.0 | 13.50 | -3.09 | 0.0 | 404.83 | 34.18 | 0.0 | 84.86 | -4.26 | 0.0 | 15.14 | 33.26 | 0.0 | 10.32 | 0 | 0.0 |
| 20Q1 (2) | 2.46 | 12.33 | 0.0 | 34.61 | 1.61 | 0.0 | 5.06 | 6.53 | 0.0 | 5.71 | 3.82 | 0.0 | 4.58 | 8.02 | 0.0 | 6.17 | -0.64 | 0.0 | 1.61 | 1.26 | 0.0 | 0.32 | -5.88 | 0.0 | 13.93 | 3.19 | 0.0 | 301.71 | -8.97 | 0.0 | 88.64 | 2.72 | 0.0 | 11.36 | -17.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 2.19 | 0.0 | 0.0 | 34.06 | 0.0 | 0.0 | 4.75 | 0.0 | 0.0 | 5.50 | 0.0 | 0.0 | 4.24 | 0.0 | 0.0 | 6.21 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 13.50 | 0.0 | 0.0 | 331.44 | 0.0 | 0.0 | 86.29 | 0.0 | 0.0 | 13.71 | 0.0 | 0.0 | 10.14 | 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) | 10.21 | 14.33 | 34.12 | 1.28 | 4.34 | 2.12 | 7.27 | -2.59 | 5.16 | 6.61 | 3.99 | 4.72 | 27.08 | 8.19 | 5.61 | 4.47 | 1.29 | -0.77 | 13.09 | 1.16 | 437.86 | 6.56 | 84.06 | -4.15 | 15.94 | 29.62 | 3.69 | -10.85 | 9.55 | -0.31 |
| 2022 (9) | 8.93 | 4.81 | 33.69 | 0.45 | 4.25 | 4.68 | 7.46 | -4.59 | 4.84 | 5.45 | 3.81 | 0.0 | 25.03 | 9.64 | 5.37 | 3.67 | 1.30 | 4.84 | 12.94 | -1.22 | 410.89 | 2.39 | 87.70 | -0.77 | 12.30 | 5.87 | 4.14 | -9.42 | 9.58 | -2.54 |
| 2021 (8) | 8.52 | -13.5 | 33.54 | -1.56 | 4.06 | -13.62 | 7.82 | 3.54 | 4.59 | -14.04 | 3.81 | -13.21 | 22.83 | -9.19 | 5.18 | -15.5 | 1.24 | -3.13 | 13.10 | -3.89 | 401.28 | 9.71 | 88.39 | 0.5 | 11.61 | -3.67 | 4.58 | -3.75 | 9.83 | -1.4 |
| 2020 (7) | 9.85 | -2.86 | 34.07 | -0.7 | 4.70 | -7.84 | 7.55 | 6.31 | 5.34 | -9.8 | 4.39 | -7.19 | 25.14 | -7.37 | 6.13 | -24.41 | 1.28 | -19.5 | 13.63 | -0.73 | 365.77 | 10.36 | 87.94 | 2.19 | 12.06 | -13.52 | 4.75 | -8.81 | 9.97 | -2.64 |
| 2019 (6) | 10.14 | 3.26 | 34.31 | -0.06 | 5.10 | -2.67 | 7.11 | 189.47 | 5.92 | -5.88 | 4.73 | -1.46 | 27.14 | 19.61 | 8.11 | -8.47 | 1.59 | -13.11 | 13.73 | 51.88 | 331.44 | 74.4 | 86.06 | 3.27 | 13.94 | -16.39 | 5.21 | -35.96 | 10.24 | -1.82 |
| 2018 (5) | 9.82 | -67.08 | 34.33 | 3.37 | 5.24 | 11.25 | 2.45 | 5.35 | 6.29 | -66.38 | 4.80 | -67.15 | 22.69 | -67.44 | 8.86 | -67.86 | 1.83 | -2.66 | 9.04 | -57.46 | 190.05 | 40.7 | 83.33 | 230.89 | 16.67 | -77.71 | 8.14 | 0 | 10.43 | -1.23 |
| 2017 (4) | 29.83 | 215.33 | 33.21 | 1.28 | 4.71 | -2.48 | 2.33 | -2.95 | 18.71 | 201.77 | 14.61 | 182.59 | 69.68 | 101.27 | 27.57 | 126.73 | 1.88 | -19.31 | 21.25 | 141.48 | 135.07 | -27.37 | 25.18 | -67.66 | 74.82 | 238.07 | 0.00 | 0 | 10.56 | 3.53 |
| 2016 (3) | 9.46 | 19.44 | 32.79 | 1.64 | 4.83 | 3.21 | 2.40 | -2.97 | 6.20 | 8.96 | 5.17 | 12.39 | 34.62 | 12.55 | 12.16 | 11.76 | 2.33 | -0.85 | 8.80 | 4.89 | 185.98 | -0.8 | 77.87 | -5.34 | 22.13 | 24.77 | 0.00 | 0 | 10.20 | 2.51 |
| 2015 (2) | 7.92 | -9.38 | 32.26 | 3.2 | 4.68 | -1.27 | 2.47 | 4.29 | 5.69 | -7.63 | 4.60 | -9.98 | 30.76 | -13.28 | 10.88 | -10.82 | 2.35 | -0.84 | 8.39 | -4.22 | 187.48 | 2.24 | 82.26 | 6.88 | 17.74 | -22.99 | 0.00 | 0 | 9.95 | 9.34 |
| 2014 (1) | 8.74 | 13.07 | 31.26 | 0 | 4.74 | 0 | 2.37 | 11.27 | 6.16 | 0 | 5.11 | 0 | 35.47 | 0 | 12.20 | 0 | 2.37 | -2.07 | 8.76 | 9.23 | 183.38 | -9.95 | 76.97 | -14.76 | 23.03 | 137.3 | 0.00 | 0 | 9.10 | -0.44 |
