- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 3.50 | 1.16 | 62.04 | 21.97 | -1.17 | 43.59 | 13.99 | 2.87 | 88.54 | 16.19 | 0.56 | 58.26 | 12.04 | -1.07 | 51.07 | 4.07 | -3.1 | 53.01 | 2.37 | -0.84 | 54.9 | 0.19 | 0.0 | 0.0 | 24.07 | -2.11 | 20.41 | 74.53 | -1.01 | -3.7 | 86.42 | 2.32 | 19.15 | 13.58 | -12.59 | -50.56 | 21.00 | -2.33 | -1.45 |
| 23Q4 (19) | 3.46 | -14.57 | 9.49 | 22.23 | 0.5 | 17.19 | 13.60 | -5.16 | 16.04 | 16.10 | -5.41 | 12.98 | 12.17 | -7.17 | 7.32 | 4.20 | -18.29 | 5.26 | 2.39 | -15.55 | 11.16 | 0.19 | -9.52 | 5.56 | 24.59 | -2.61 | 4.59 | 75.29 | -9.33 | -7.63 | 84.46 | 0.24 | 2.7 | 15.54 | -1.31 | -12.51 | 21.50 | 14.12 | 10.26 |
| 23Q3 (18) | 4.05 | 117.74 | 31.07 | 22.12 | 29.74 | 21.54 | 14.34 | 59.69 | 30.25 | 17.02 | 57.74 | 39.85 | 13.11 | 80.08 | 38.58 | 5.14 | 116.88 | 25.98 | 2.83 | 109.63 | 42.21 | 0.21 | 16.67 | 5.0 | 25.25 | 20.76 | 26.31 | 83.04 | -4.89 | -21.47 | 84.26 | 1.29 | -6.93 | 15.74 | -6.38 | 66.26 | 18.84 | -10.2 | 6.92 |
| 23Q2 (17) | 1.86 | -13.89 | -33.33 | 17.05 | 11.44 | -3.56 | 8.98 | 21.02 | -8.37 | 10.79 | 5.47 | -3.83 | 7.28 | -8.66 | -17.74 | 2.37 | -10.9 | -35.42 | 1.35 | -11.76 | -22.86 | 0.18 | -5.26 | -5.26 | 20.91 | 4.6 | 9.59 | 87.31 | 12.82 | -26.4 | 83.18 | 14.69 | -4.79 | 16.82 | -38.79 | 33.1 | 20.98 | -1.55 | 1.45 |
| 23Q1 (16) | 2.16 | -31.65 | -21.45 | 15.30 | -19.35 | -10.42 | 7.42 | -36.69 | -15.97 | 10.23 | -28.21 | -0.49 | 7.97 | -29.72 | -4.21 | 2.66 | -33.33 | -26.72 | 1.53 | -28.84 | -10.53 | 0.19 | 5.56 | -5.0 | 19.99 | -14.97 | 15.02 | 77.39 | -5.05 | -29.59 | 72.53 | -11.81 | -15.6 | 27.47 | 54.69 | 94.49 | 21.31 | 9.28 | -0.51 |
| 22Q4 (15) | 3.16 | 2.27 | 8.97 | 18.97 | 4.23 | -1.61 | 11.72 | 6.45 | 10.98 | 14.25 | 17.09 | 22.21 | 11.34 | 19.87 | 24.21 | 3.99 | -2.21 | -1.97 | 2.15 | 8.04 | 16.85 | 0.18 | -10.0 | -10.0 | 23.51 | 17.61 | 25.19 | 81.51 | -22.91 | -32.78 | 82.24 | -9.16 | -9.17 | 17.76 | 87.55 | 88.85 | 19.50 | 10.67 | -7.76 |
| 22Q3 (14) | 3.09 | 10.75 | 1.64 | 18.20 | 2.94 | -6.33 | 11.01 | 12.35 | 0.27 | 12.17 | 8.47 | -3.87 | 9.46 | 6.89 | -4.15 | 4.08 | 11.17 | -8.52 | 1.99 | 13.71 | 1.53 | 0.20 | 5.26 | 0.0 | 19.99 | 4.77 | 4.28 | 105.74 | -10.86 | -16.79 | 90.53 | 3.62 | 4.4 | 9.47 | -25.05 | -28.7 | 17.62 | -14.8 | -18.39 |
| 22Q2 (13) | 2.79 | 1.45 | 10.28 | 17.68 | 3.51 | -2.1 | 9.80 | 10.99 | -3.35 | 11.22 | 9.14 | -2.52 | 8.85 | 6.37 | 0.11 | 3.67 | 1.1 | 0.55 | 1.75 | 2.34 | 4.79 | 0.19 | -5.0 | 0.0 | 19.08 | 9.78 | 5.01 | 118.62 | 7.92 | -12.51 | 87.37 | 1.67 | -0.83 | 12.63 | -10.56 | 6.17 | 20.68 | -3.45 | 0.68 |
| 22Q1 (12) | 2.75 | -5.17 | 2.61 | 17.08 | -11.41 | -8.71 | 8.83 | -16.38 | -13.94 | 10.28 | -11.84 | -12.44 | 8.32 | -8.87 | -10.83 | 3.63 | -10.81 | -4.72 | 1.71 | -7.07 | -7.07 | 0.20 | 0.0 | 0.0 | 17.38 | -7.45 | -2.19 | 109.91 | -9.36 | 0.44 | 85.93 | -5.1 | -1.71 | 14.13 | 50.21 | 11.81 | 21.42 | 1.32 | -1.65 |
| 21Q4 (11) | 2.90 | -4.61 | -16.91 | 19.28 | -0.77 | -10.2 | 10.56 | -3.83 | -19.63 | 11.66 | -7.9 | -23.39 | 9.13 | -7.5 | -24.73 | 4.07 | -8.74 | -21.88 | 1.84 | -6.12 | -26.69 | 0.20 | 0.0 | 0.0 | 18.78 | -2.03 | -10.66 | 121.26 | -4.58 | 11.58 | 90.54 | 4.41 | 4.91 | 9.40 | -29.19 | -31.34 | 21.14 | -2.08 | 0.0 |
| 21Q3 (10) | 3.04 | 20.16 | -20.21 | 19.43 | 7.59 | -13.41 | 10.98 | 8.28 | -25.66 | 12.66 | 9.99 | -22.24 | 9.87 | 11.65 | -22.53 | 4.46 | 22.19 | -26.28 | 1.96 | 17.37 | -31.47 | 0.20 | 5.26 | -9.09 | 19.17 | 5.5 | -11.54 | 127.08 | -6.27 | 14.42 | 86.72 | -1.57 | -4.42 | 13.28 | 11.6 | 43.29 | 21.59 | 5.11 | 23.65 |
| 21Q2 (9) | 2.53 | -5.6 | 1.2 | 18.06 | -3.47 | -6.91 | 10.14 | -1.17 | -7.14 | 11.51 | -1.96 | -11.26 | 8.84 | -5.25 | -12.56 | 3.65 | -4.2 | -7.36 | 1.67 | -9.24 | -15.23 | 0.19 | -5.0 | 0.0 | 18.17 | 2.25 | -5.66 | 135.58 | 23.9 | 17.68 | 88.10 | 0.77 | 4.59 | 11.90 | -5.8 | -24.52 | 20.54 | -5.69 | 1.73 |
| 21Q1 (8) | 2.68 | -23.21 | 44.09 | 18.71 | -12.86 | 18.04 | 10.26 | -21.92 | 41.71 | 11.74 | -22.86 | 13.43 | 9.33 | -23.08 | 11.87 | 3.81 | -26.87 | 34.63 | 1.84 | -26.69 | 26.03 | 0.20 | 0.0 | 17.65 | 17.77 | -15.46 | 0.79 | 109.43 | 0.69 | 19.2 | 87.42 | 1.3 | 25.05 | 12.63 | -7.75 | -57.9 | 21.78 | 3.03 | 2.01 |
| 20Q4 (7) | 3.49 | -8.4 | 10.09 | 21.47 | -4.32 | 1.04 | 13.14 | -11.04 | 0.23 | 15.22 | -6.51 | -0.46 | 12.13 | -4.79 | 2.02 | 5.21 | -13.88 | 5.04 | 2.51 | -12.24 | 2.87 | 0.20 | -9.09 | 0.0 | 21.02 | -3.0 | -1.82 | 108.68 | -2.14 | -0.92 | 86.30 | -4.88 | 0.65 | 13.70 | 47.76 | -3.91 | 21.14 | 21.08 | 9.31 |
| 20Q3 (6) | 3.81 | 52.4 | -0.26 | 22.44 | 15.67 | -6.19 | 14.77 | 35.26 | -6.04 | 16.28 | 25.52 | -6.33 | 12.74 | 26.01 | -4.07 | 6.05 | 53.55 | -1.94 | 2.86 | 45.18 | -4.98 | 0.22 | 15.79 | 0.0 | 21.67 | 12.51 | -6.27 | 111.06 | -3.6 | 3.6 | 90.73 | 7.72 | 0.24 | 9.27 | -41.22 | -2.68 | 17.46 | -13.52 | -3.85 |
| 20Q2 (5) | 2.50 | 34.41 | 2.04 | 19.40 | 22.4 | 2.59 | 10.92 | 50.83 | 3.21 | 12.97 | 25.31 | 3.02 | 10.11 | 21.22 | 4.12 | 3.94 | 39.22 | 1.29 | 1.97 | 34.93 | -0.51 | 0.19 | 11.76 | -5.0 | 19.26 | 9.25 | -0.47 | 115.21 | 25.5 | 2.54 | 84.23 | 20.49 | 0.24 | 15.77 | -47.46 | -1.26 | 20.19 | -5.43 | -0.2 |
| 20Q1 (4) | 1.86 | -41.32 | 0.0 | 15.85 | -25.41 | 0.0 | 7.24 | -44.77 | 0.0 | 10.35 | -32.31 | 0.0 | 8.34 | -29.86 | 0.0 | 2.83 | -42.94 | 0.0 | 1.46 | -40.16 | 0.0 | 0.17 | -15.0 | 0.0 | 17.63 | -17.66 | 0.0 | 91.80 | -16.31 | 0.0 | 69.91 | -18.47 | 0.0 | 30.01 | 110.55 | 0.0 | 21.35 | 10.39 | 0.0 |
| 19Q4 (3) | 3.17 | -17.02 | 0.0 | 21.25 | -11.16 | 0.0 | 13.11 | -16.6 | 0.0 | 15.29 | -12.03 | 0.0 | 11.89 | -10.47 | 0.0 | 4.96 | -19.61 | 0.0 | 2.44 | -18.94 | 0.0 | 0.20 | -9.09 | 0.0 | 21.41 | -7.4 | 0.0 | 109.69 | 2.32 | 0.0 | 85.75 | -5.27 | 0.0 | 14.25 | 49.65 | 0.0 | 19.34 | 6.5 | 0.0 |
| 19Q3 (2) | 3.82 | 55.92 | 0.0 | 23.92 | 26.49 | 0.0 | 15.72 | 48.58 | 0.0 | 17.38 | 38.05 | 0.0 | 13.28 | 36.77 | 0.0 | 6.17 | 58.61 | 0.0 | 3.01 | 52.02 | 0.0 | 0.22 | 10.0 | 0.0 | 23.12 | 19.48 | 0.0 | 107.20 | -4.59 | 0.0 | 90.51 | 7.72 | 0.0 | 9.52 | -40.36 | 0.0 | 18.16 | -10.23 | 0.0 |
| 19Q2 (1) | 2.45 | 0.0 | 0.0 | 18.91 | 0.0 | 0.0 | 10.58 | 0.0 | 0.0 | 12.59 | 0.0 | 0.0 | 9.71 | 0.0 | 0.0 | 3.89 | 0.0 | 0.0 | 1.98 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 19.35 | 0.0 | 0.0 | 112.36 | 0.0 | 0.0 | 84.03 | 0.0 | 0.0 | 15.97 | 0.0 | 0.0 | 20.23 | 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) | 11.53 | -2.29 | 19.34 | 7.74 | 11.25 | 9.33 | 8.72 | 15.45 | 13.72 | 15.39 | 10.30 | 9.23 | 14.14 | -8.24 | 8.12 | 2.65 | 0.77 | -6.1 | 22.82 | 14.9 | 75.29 | -7.63 | 82.01 | -5.2 | 17.99 | 33.3 | 0.04 | -50.75 | 20.60 | 3.99 |
| 2022 (9) | 11.80 | 5.83 | 17.95 | -4.98 | 10.29 | -2.0 | 7.55 | 18.55 | 11.89 | -0.08 | 9.43 | 1.4 | 15.41 | -2.16 | 7.91 | 6.6 | 0.82 | 3.8 | 19.86 | 7.41 | 81.51 | -32.78 | 86.50 | -1.92 | 13.50 | 14.34 | 0.07 | -23.93 | 19.81 | -6.86 |
| 2021 (8) | 11.15 | -4.29 | 18.89 | -5.88 | 10.50 | -11.32 | 6.37 | 8.66 | 11.90 | -14.76 | 9.30 | -15.68 | 15.75 | -9.74 | 7.42 | -12.29 | 0.79 | 3.95 | 18.49 | -7.92 | 121.26 | 11.58 | 88.20 | 4.07 | 11.80 | -22.54 | 0.10 | 88.88 | 21.27 | 6.78 |
| 2020 (7) | 11.65 | 1.39 | 20.07 | -3.0 | 11.84 | -4.75 | 5.86 | -2.48 | 13.96 | -2.51 | 11.03 | -0.54 | 17.45 | -3.8 | 8.46 | -2.98 | 0.76 | 0.0 | 20.08 | -3.65 | 108.68 | -0.92 | 84.75 | -2.4 | 15.24 | 15.59 | 0.05 | -29.98 | 19.92 | 2.63 |
| 2019 (6) | 11.49 | 22.23 | 20.69 | 10.41 | 12.43 | 19.4 | 6.01 | 6.2 | 14.32 | 14.38 | 11.09 | 16.98 | 18.14 | 15.98 | 8.72 | 18.8 | 0.76 | 2.7 | 20.84 | 10.5 | 109.69 | -9.01 | 86.83 | 4.49 | 13.18 | -22.01 | 0.07 | 23.11 | 19.41 | -3.53 |
| 2018 (5) | 9.40 | 13.12 | 18.74 | 2.8 | 10.41 | -0.57 | 5.66 | 22.94 | 12.52 | 3.47 | 9.48 | -0.52 | 15.64 | 7.94 | 7.34 | 7.78 | 0.74 | 7.25 | 18.86 | 9.59 | 120.55 | -6.27 | 83.10 | -4.0 | 16.90 | 25.77 | 0.06 | 0 | 20.12 | 4.14 |
| 2017 (4) | 8.31 | 22.21 | 18.23 | 1.45 | 10.47 | 23.47 | 4.61 | -24.92 | 12.10 | 17.59 | 9.53 | 16.08 | 14.49 | 20.35 | 6.81 | 15.82 | 0.69 | 0.0 | 17.21 | 1.47 | 128.61 | 12.72 | 86.56 | 5.05 | 13.44 | -23.64 | 0.00 | 0 | 19.32 | 7.51 |
| 2016 (3) | 6.80 | 26.16 | 17.97 | 14.75 | 8.48 | 28.68 | 6.13 | -11.15 | 10.29 | 26.41 | 8.21 | 25.73 | 12.04 | 23.61 | 5.88 | 20.99 | 0.69 | -2.82 | 16.96 | 8.93 | 114.10 | 3.69 | 82.40 | 1.73 | 17.60 | -7.38 | 0.00 | 0 | 17.97 | -24.15 |
| 2015 (2) | 5.39 | 7.37 | 15.66 | -0.25 | 6.59 | 8.75 | 6.90 | 6.99 | 8.14 | 6.54 | 6.53 | 4.31 | 9.74 | 0.1 | 4.86 | -5.08 | 0.71 | -8.97 | 15.57 | 6.72 | 110.04 | 1.85 | 81.00 | 1.99 | 19.00 | -7.69 | 0.00 | 0 | 23.69 | 2.78 |
| 2014 (1) | 5.02 | 11.06 | 15.70 | 0 | 6.06 | 0 | 6.45 | -26.35 | 7.64 | 0 | 6.26 | 0 | 9.73 | 0 | 5.12 | 0 | 0.78 | -9.3 | 14.59 | -9.94 | 108.04 | 23.08 | 79.41 | -9.79 | 20.59 | 72.57 | 0.00 | 0 | 23.05 | 7.66 |
