- 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) | 3.95 | 1.28 | 7.92 | 24.18 | -5.66 | -5.88 | 10.51 | -9.16 | -12.92 | 13.94 | -3.26 | 0.07 | 11.23 | -0.44 | 5.55 | 6.64 | 2.15 | -1.48 | 3.31 | 0.61 | 19.49 | 0.29 | 0.0 | 16.0 | 15.67 | -5.72 | -1.45 | 96.07 | -12.49 | -27.63 | 75.40 | -6.08 | -13.03 | 24.60 | 24.75 | 84.95 | 14.66 | 6.7 | 10.47 |
| 24Q2 (19) | 3.90 | 2.63 | 2.36 | 25.63 | -0.66 | -0.27 | 11.57 | 3.4 | 86.61 | 14.41 | -5.82 | 41.83 | 11.28 | -0.53 | 40.65 | 6.50 | 3.5 | 25.24 | 3.29 | 5.45 | 50.23 | 0.29 | 7.41 | 11.54 | 16.62 | -7.97 | 37.58 | 109.78 | 21.02 | -34.07 | 80.28 | 9.63 | 31.48 | 19.72 | -26.57 | -49.51 | 13.74 | 1.63 | 6.43 |
| 24Q1 (18) | 3.80 | 51.39 | 1.33 | 25.80 | 3.04 | -1.23 | 11.19 | 12.01 | -16.12 | 15.30 | 66.49 | 6.84 | 11.34 | 43.0 | 2.72 | 6.28 | 47.42 | -5.85 | 3.12 | 61.66 | 7.59 | 0.27 | 12.5 | 3.85 | 18.06 | 58.28 | 10.87 | 90.71 | -23.98 | -28.5 | 73.23 | -32.64 | -21.39 | 26.85 | 408.1 | 292.09 | 13.52 | -6.05 | -9.63 |
| 23Q4 (17) | 2.51 | -31.42 | -0.79 | 25.04 | -2.53 | 1.79 | 9.99 | -17.23 | 1.32 | 9.19 | -34.03 | -1.92 | 7.93 | -25.47 | 2.19 | 4.26 | -36.8 | -10.69 | 1.93 | -30.32 | -5.39 | 0.24 | -4.0 | -4.0 | 11.41 | -28.24 | -0.7 | 119.33 | -10.1 | -17.57 | 108.71 | 25.39 | 3.34 | -8.71 | -165.53 | -67.59 | 14.39 | 8.44 | -5.2 |
| 23Q3 (16) | 3.66 | -3.94 | 2.23 | 25.69 | -0.04 | 1.54 | 12.07 | 94.68 | 9.63 | 13.93 | 37.11 | 0.65 | 10.64 | 32.67 | -2.74 | 6.74 | 29.87 | -9.29 | 2.77 | 26.48 | -8.58 | 0.25 | -3.85 | -7.41 | 15.90 | 31.62 | 1.08 | 132.74 | -20.28 | -4.96 | 86.70 | 41.99 | 8.98 | 13.30 | -65.95 | -34.95 | 13.27 | 2.79 | -12.58 |
| 23Q2 (15) | 3.81 | 1.6 | 18.32 | 25.70 | -1.61 | 0.35 | 6.20 | -53.52 | -47.05 | 10.16 | -29.05 | -28.15 | 8.02 | -27.36 | -25.88 | 5.19 | -22.19 | -24.12 | 2.19 | -24.48 | -22.89 | 0.26 | 0.0 | 0.0 | 12.08 | -25.84 | -24.88 | 166.50 | 31.24 | 3.8 | 61.06 | -34.45 | -26.24 | 39.05 | 470.25 | 126.8 | 12.91 | -13.7 | -19.61 |
| 23Q1 (14) | 3.75 | 48.22 | 29.31 | 26.12 | 6.18 | 1.56 | 13.34 | 35.29 | 21.16 | 14.32 | 52.83 | 9.56 | 11.04 | 42.27 | 9.31 | 6.67 | 39.83 | 10.98 | 2.90 | 42.16 | 11.97 | 0.26 | 4.0 | 4.0 | 16.29 | 41.78 | 7.81 | 126.87 | -12.36 | -2.87 | 93.15 | -11.45 | 10.52 | 6.85 | 231.7 | -56.42 | 14.96 | -1.45 | -4.1 |
| 22Q4 (13) | 2.53 | -29.33 | 31.77 | 24.60 | -2.77 | 6.36 | 9.86 | -10.45 | 34.33 | 9.37 | -32.3 | 9.98 | 7.76 | -29.07 | 2.11 | 4.77 | -35.8 | 4.38 | 2.04 | -32.67 | 6.81 | 0.25 | -7.41 | 4.17 | 11.49 | -26.95 | 2.13 | 144.77 | 3.65 | 0.67 | 105.20 | 32.23 | 22.03 | -5.20 | -125.43 | -137.7 | 15.18 | 0.0 | -20.27 |
| 22Q3 (12) | 3.58 | 11.18 | 26.5 | 25.30 | -1.21 | -0.78 | 11.01 | -5.98 | -5.41 | 13.84 | -2.12 | 11.7 | 10.94 | 1.11 | 5.09 | 7.43 | 8.63 | 7.53 | 3.03 | 6.69 | 10.99 | 0.27 | 3.85 | 3.85 | 15.73 | -2.18 | 9.54 | 139.67 | -12.92 | -7.63 | 79.56 | -3.9 | -15.33 | 20.44 | 18.74 | 238.56 | 15.18 | -5.48 | -3.68 |
| 22Q2 (11) | 3.22 | 11.03 | 17.95 | 25.61 | -0.43 | -0.7 | 11.71 | 6.36 | -3.3 | 14.14 | 8.19 | 6.72 | 10.82 | 7.13 | 1.22 | 6.84 | 13.81 | 1.03 | 2.84 | 9.65 | 2.16 | 0.26 | 4.0 | 4.0 | 16.08 | 6.42 | 5.03 | 160.40 | 22.8 | -2.88 | 82.78 | -1.78 | -9.41 | 17.22 | 9.57 | 99.78 | 16.06 | 2.95 | -4.69 |
| 22Q1 (10) | 2.90 | 51.04 | 15.08 | 25.72 | 11.2 | -1.3 | 11.01 | 50.0 | -13.44 | 13.07 | 53.4 | -2.54 | 10.10 | 32.89 | -1.94 | 6.01 | 31.51 | -1.48 | 2.59 | 35.6 | -0.77 | 0.25 | 4.17 | 0.0 | 15.11 | 34.31 | -2.33 | 130.62 | -9.17 | -3.14 | 84.29 | -2.23 | -11.18 | 15.71 | 13.93 | 207.77 | 15.60 | -18.07 | 1.04 |
| 21Q4 (9) | 1.92 | -32.16 | -2.54 | 23.13 | -9.29 | -6.73 | 7.34 | -36.94 | -26.67 | 8.52 | -31.23 | -6.06 | 7.60 | -26.99 | -3.8 | 4.57 | -33.86 | -13.94 | 1.91 | -30.04 | -14.73 | 0.24 | -7.69 | -14.29 | 11.25 | -21.66 | 0.54 | 143.81 | -4.89 | 0.95 | 86.21 | -8.25 | -21.81 | 13.79 | 128.41 | 232.22 | 19.04 | 20.81 | 24.2 |
| 21Q3 (8) | 2.83 | 3.66 | 5.99 | 25.50 | -1.12 | -1.28 | 11.64 | -3.88 | -14.91 | 12.39 | -6.49 | -9.1 | 10.41 | -2.62 | -5.54 | 6.91 | 2.07 | -14.48 | 2.73 | -1.8 | -17.27 | 0.26 | 4.0 | -10.34 | 14.36 | -6.21 | -6.08 | 151.21 | -8.44 | 4.1 | 93.96 | 2.82 | -6.39 | 6.04 | -29.94 | 1718.36 | 15.76 | -6.47 | 7.95 |
| 21Q2 (7) | 2.73 | 8.33 | 8.33 | 25.79 | -1.04 | -1.86 | 12.11 | -4.8 | -4.87 | 13.25 | -1.19 | -11.67 | 10.69 | 3.79 | -8.0 | 6.77 | 10.98 | -12.08 | 2.78 | 6.51 | -19.19 | 0.25 | 0.0 | -13.79 | 15.31 | -1.03 | -8.43 | 165.15 | 22.47 | 7.84 | 91.38 | -3.7 | 7.68 | 8.62 | 68.8 | -43.05 | 16.85 | 9.13 | 6.04 |
| 21Q1 (6) | 2.52 | 27.92 | 30.57 | 26.06 | 5.08 | 1.32 | 12.72 | 27.07 | 2.66 | 13.41 | 47.85 | 4.6 | 10.30 | 30.38 | 6.19 | 6.10 | 14.88 | 13.38 | 2.61 | 16.52 | 0.77 | 0.25 | -10.71 | -3.85 | 15.47 | 38.25 | 4.1 | 134.85 | -5.34 | 30.86 | 94.89 | -13.93 | -1.86 | 5.11 | 148.95 | 54.52 | 15.44 | 0.72 | -0.13 |
| 20Q4 (5) | 1.97 | -26.22 | 53.91 | 24.80 | -3.99 | -3.65 | 10.01 | -26.83 | 32.58 | 9.07 | -33.46 | 21.74 | 7.90 | -28.31 | 16.69 | 5.31 | -34.28 | 50.0 | 2.24 | -32.12 | 30.23 | 0.28 | -3.45 | 16.67 | 11.19 | -26.81 | 10.36 | 142.45 | -1.93 | 18.31 | 110.25 | 9.84 | 8.8 | -10.43 | -2695.68 | -679.77 | 15.33 | 5.0 | 0 |
| 20Q3 (4) | 2.67 | 5.95 | 0.0 | 25.83 | -1.71 | 0.0 | 13.68 | 7.46 | 0.0 | 13.63 | -9.13 | 0.0 | 11.02 | -5.16 | 0.0 | 8.08 | 4.94 | 0.0 | 3.30 | -4.07 | 0.0 | 0.29 | 0.0 | 0.0 | 15.29 | -8.55 | 0.0 | 145.26 | -5.15 | 0.0 | 100.37 | 18.27 | 0.0 | -0.37 | -102.47 | 0.0 | 14.60 | -8.12 | 0.0 |
| 20Q2 (3) | 2.52 | 30.57 | 0.0 | 26.28 | 2.18 | 0.0 | 12.73 | 2.74 | 0.0 | 15.00 | 17.0 | 0.0 | 11.62 | 19.79 | 0.0 | 7.70 | 43.12 | 0.0 | 3.44 | 32.82 | 0.0 | 0.29 | 11.54 | 0.0 | 16.72 | 12.52 | 0.0 | 153.14 | 48.61 | 0.0 | 84.87 | -12.23 | 0.0 | 15.13 | 357.95 | 0.0 | 15.89 | 2.78 | 0.0 |
| 20Q1 (2) | 1.93 | 50.78 | 0.0 | 25.72 | -0.08 | 0.0 | 12.39 | 64.11 | 0.0 | 12.82 | 72.08 | 0.0 | 9.70 | 43.28 | 0.0 | 5.38 | 51.98 | 0.0 | 2.59 | 50.58 | 0.0 | 0.26 | 8.33 | 0.0 | 14.86 | 46.55 | 0.0 | 103.05 | -14.41 | 0.0 | 96.70 | -4.58 | 0.0 | 3.30 | 347.0 | 0.0 | 15.46 | 0 | 0.0 |
| 19Q4 (1) | 1.28 | 0.0 | 0.0 | 25.74 | 0.0 | 0.0 | 7.55 | 0.0 | 0.0 | 7.45 | 0.0 | 0.0 | 6.77 | 0.0 | 0.0 | 3.54 | 0.0 | 0.0 | 1.72 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 10.14 | 0.0 | 0.0 | 120.40 | 0.0 | 0.0 | 101.34 | 0.0 | 0.0 | -1.34 | 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) | 13.71 | 12.19 | 25.66 | 1.46 | 10.37 | -4.69 | 1.57 | 0.79 | 11.96 | -4.85 | 9.44 | -4.55 | 22.55 | -8.22 | 9.99 | -2.82 | 1.03 | 0.98 | 13.97 | -4.05 | 119.33 | -17.57 | 86.70 | 0.15 | 13.30 | -0.99 | 0.08 | -34.25 | 13.86 | -10.52 |
| 2022 (9) | 12.22 | 22.2 | 25.29 | 0.76 | 10.88 | -0.37 | 1.55 | -10.67 | 12.57 | 5.99 | 9.89 | 1.54 | 24.57 | 3.24 | 10.28 | 2.39 | 1.02 | 2.0 | 14.56 | 3.48 | 144.77 | 0.67 | 86.57 | -5.95 | 13.43 | 68.8 | 0.12 | -29.68 | 15.49 | -7.74 |
| 2021 (8) | 10.00 | 10.13 | 25.10 | -2.07 | 10.92 | -10.12 | 1.74 | 15.57 | 11.86 | -5.2 | 9.74 | -2.79 | 23.80 | -4.26 | 10.04 | -7.72 | 1.00 | -6.54 | 14.07 | -2.22 | 143.81 | 0.95 | 92.04 | -5.21 | 7.96 | 174.75 | 0.18 | -41.03 | 16.79 | 9.74 |
| 2020 (7) | 9.08 | 21.55 | 25.63 | -0.12 | 12.15 | 14.84 | 1.50 | -4.22 | 12.51 | 3.13 | 10.02 | 6.82 | 24.86 | 8.13 | 10.88 | -0.55 | 1.07 | -6.14 | 14.39 | 0.84 | 142.45 | 18.31 | 97.10 | 11.26 | 2.90 | -77.24 | 0.30 | -44.0 | 15.30 | -9.31 |
| 2019 (6) | 7.47 | 19.33 | 25.66 | 2.39 | 10.58 | 1.44 | 1.57 | 53.62 | 12.13 | -1.14 | 9.38 | 6.96 | 22.99 | 9.74 | 10.94 | 3.89 | 1.14 | -2.56 | 14.27 | 2.96 | 120.40 | 10.51 | 87.28 | 2.68 | 12.72 | -15.17 | 0.54 | -19.97 | 16.87 | 17.73 |
| 2018 (5) | 6.26 | 15.07 | 25.06 | -0.2 | 10.43 | -2.25 | 1.02 | -9.13 | 12.27 | -1.05 | 8.77 | -6.4 | 20.95 | 3.35 | 10.53 | -0.47 | 1.17 | 5.41 | 13.86 | -1.35 | 108.95 | 10.23 | 85.00 | -1.15 | 15.00 | 7.52 | 0.67 | 0 | 14.33 | -5.22 |
| 2017 (4) | 5.44 | 5.63 | 25.11 | 1.13 | 10.67 | -2.73 | 1.13 | -3.66 | 12.40 | 0.32 | 9.37 | 4.23 | 20.27 | -0.39 | 10.58 | -0.94 | 1.11 | -4.31 | 14.05 | 0.57 | 98.84 | 7.72 | 85.99 | -3.16 | 13.95 | 24.46 | 0.00 | 0 | 15.12 | 0.33 |
| 2016 (3) | 5.15 | 13.69 | 24.83 | 10.45 | 10.97 | 24.52 | 1.17 | -6.92 | 12.36 | 9.28 | 8.99 | 14.09 | 20.35 | 14.33 | 10.68 | 16.98 | 1.16 | 3.57 | 13.97 | 6.4 | 91.76 | -5.52 | 88.79 | 14.01 | 11.21 | -49.32 | 0.00 | 0 | 15.07 | -5.81 |
| 2015 (2) | 4.53 | 18.59 | 22.48 | 3.45 | 8.81 | 7.97 | 1.26 | -13.02 | 11.31 | 26.23 | 7.88 | 18.32 | 17.80 | 11.81 | 9.13 | 12.16 | 1.12 | -4.27 | 13.13 | 16.5 | 97.12 | -8.61 | 77.88 | -14.5 | 22.12 | 148.28 | 0.00 | 0 | 16.00 | 0.63 |
| 2014 (1) | 3.82 | 19.37 | 21.73 | 0 | 8.16 | 0 | 1.44 | -10.41 | 8.96 | 0 | 6.66 | 0 | 15.92 | 0 | 8.14 | 0 | 1.17 | 0.86 | 11.27 | 4.35 | 106.27 | 4.5 | 91.09 | 7.74 | 8.91 | -42.36 | 0.00 | 0 | 15.90 | 11.89 |
