- 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) | 4.54 | 1.11 | 0.0 | 88.34 | 0.31 | 0.78 | 27.29 | 1.04 | -0.15 | 27.74 | 0.62 | -4.25 | 22.66 | -0.87 | -5.35 | 9.90 | 6.11 | -1.0 | 4.17 | 2.21 | -5.66 | 0.18 | 0.0 | 0.0 | 32.03 | 2.36 | -0.25 | 116.98 | -27.87 | 12.57 | 98.38 | 0.61 | 4.1 | 1.62 | -27.03 | -70.49 | 57.89 | -1.38 | -0.98 |
| 24Q2 (19) | 4.49 | 65.07 | 16.32 | 88.07 | 2.03 | 1.55 | 27.01 | 48.24 | 12.49 | 27.57 | 42.78 | 7.82 | 22.86 | 42.7 | 7.17 | 9.33 | 76.37 | 15.76 | 4.08 | 58.75 | 8.8 | 0.18 | 12.5 | 0.0 | 31.29 | 32.47 | 9.14 | 162.18 | 58.46 | 7.04 | 97.78 | 3.47 | 4.57 | 2.22 | -59.63 | -61.98 | 58.70 | -10.9 | -5.48 |
| 24Q1 (18) | 2.72 | 15.25 | -4.56 | 86.32 | 0.48 | -0.94 | 18.22 | 7.75 | -5.89 | 19.31 | 4.72 | -6.22 | 16.02 | 16.51 | -10.2 | 5.29 | 9.3 | -5.03 | 2.57 | 10.3 | -11.07 | 0.16 | -5.88 | 0.0 | 23.62 | 5.16 | -1.25 | 102.35 | -9.23 | 18.45 | 94.50 | 3.35 | 0.0 | 5.50 | -35.78 | -14.29 | 65.88 | 5.51 | -2.9 |
| 23Q4 (17) | 2.36 | -48.02 | 15.12 | 85.91 | -2.0 | -3.39 | 16.91 | -38.13 | 45.52 | 18.44 | -36.35 | 49.19 | 13.75 | -42.56 | 8.18 | 4.84 | -51.6 | 17.19 | 2.33 | -47.29 | 10.43 | 0.17 | -5.56 | 0.0 | 22.46 | -30.05 | 42.06 | 112.76 | 8.51 | 12.13 | 91.43 | -3.26 | -2.58 | 8.57 | 56.0 | 39.29 | 62.44 | 6.81 | -2.8 |
| 23Q3 (16) | 4.54 | 17.62 | 24.73 | 87.66 | 1.07 | -1.65 | 27.33 | 13.83 | 12.24 | 28.97 | 13.3 | 13.83 | 23.94 | 12.24 | 15.65 | 10.00 | 24.07 | 26.42 | 4.42 | 17.87 | 15.1 | 0.18 | 0.0 | -5.26 | 32.11 | 12.0 | 12.59 | 103.92 | -31.41 | 13.55 | 94.51 | 1.07 | -1.5 | 5.49 | -5.98 | 35.53 | 58.46 | -5.86 | -7.22 |
| 23Q2 (15) | 3.86 | 35.44 | -3.98 | 86.73 | -0.47 | -3.57 | 24.01 | 24.02 | -14.74 | 25.57 | 24.19 | -12.7 | 21.33 | 19.56 | -11.64 | 8.06 | 44.7 | -4.39 | 3.75 | 29.76 | -11.76 | 0.18 | 12.5 | 0.0 | 28.67 | 19.86 | -11.59 | 151.51 | 75.34 | 23.66 | 93.51 | -1.05 | -2.9 | 5.84 | -9.0 | 57.79 | 62.10 | -8.47 | 4.83 |
| 23Q1 (14) | 2.85 | 39.02 | -22.97 | 87.14 | -2.0 | -3.13 | 19.36 | 66.61 | -30.21 | 20.59 | 66.59 | -28.13 | 17.84 | 40.36 | -24.18 | 5.57 | 34.87 | -25.53 | 2.89 | 36.97 | -29.51 | 0.16 | -5.88 | -5.88 | 23.92 | 51.3 | -25.06 | 86.41 | -14.07 | 9.95 | 94.50 | 0.69 | -2.22 | 6.42 | 4.36 | 91.38 | 67.85 | 5.62 | 12.69 |
| 22Q4 (13) | 2.05 | -43.68 | -26.52 | 88.92 | -0.24 | -1.17 | 11.62 | -52.28 | -30.0 | 12.36 | -51.43 | -29.09 | 12.71 | -38.6 | -30.7 | 4.13 | -47.79 | -30.7 | 2.11 | -45.05 | -34.67 | 0.17 | -10.53 | -5.56 | 15.81 | -44.57 | -24.46 | 100.56 | 9.88 | 15.63 | 93.85 | -2.19 | -0.43 | 6.15 | 51.79 | 33.85 | 64.24 | 1.95 | 1.68 |
| 22Q3 (12) | 3.64 | -9.45 | 41.63 | 89.13 | -0.9 | -1.52 | 24.35 | -13.53 | 8.46 | 25.45 | -13.11 | 10.94 | 20.70 | -14.25 | 12.26 | 7.91 | -6.17 | 34.52 | 3.84 | -9.65 | 25.49 | 0.19 | 5.56 | 11.76 | 28.52 | -12.06 | 7.3 | 91.52 | -25.3 | 11.24 | 95.95 | -0.36 | -2.19 | 4.05 | 9.46 | 112.84 | 63.01 | 6.36 | -1.38 |
| 22Q2 (11) | 4.02 | 8.65 | 51.13 | 89.94 | -0.02 | -0.61 | 28.16 | 1.51 | 19.42 | 29.29 | 2.23 | 22.55 | 24.14 | 2.59 | 25.4 | 8.43 | 12.7 | 42.16 | 4.25 | 3.66 | 33.65 | 0.18 | 5.88 | 5.88 | 32.43 | 1.6 | 17.63 | 122.52 | 55.9 | 17.76 | 96.30 | -0.36 | -2.81 | 3.70 | 10.37 | 303.7 | 59.24 | -1.61 | -6.93 |
| 22Q1 (10) | 3.70 | 32.62 | 18.21 | 89.96 | -0.01 | 0.18 | 27.74 | 67.11 | 19.41 | 28.65 | 64.37 | 18.49 | 23.53 | 28.3 | -0.47 | 7.48 | 25.5 | 9.68 | 4.10 | 26.93 | 5.67 | 0.17 | -5.56 | 6.25 | 31.92 | 52.51 | 12.75 | 78.59 | -9.64 | 10.29 | 96.64 | 2.54 | 0.43 | 3.36 | -27.01 | -11.07 | 60.21 | -4.7 | -5.4 |
| 21Q4 (9) | 2.79 | 8.56 | 35.44 | 89.97 | -0.6 | 0.87 | 16.60 | -26.06 | 1.97 | 17.43 | -24.02 | 3.32 | 18.34 | -0.54 | 11.56 | 5.96 | 1.36 | 25.74 | 3.23 | 5.56 | 21.89 | 0.18 | 5.88 | 12.5 | 20.93 | -21.26 | -1.55 | 86.97 | 5.71 | 6.96 | 94.25 | -3.92 | -1.53 | 4.60 | 141.38 | 60.92 | 63.18 | -1.11 | -5.43 |
| 21Q3 (8) | 2.57 | -3.38 | 4.9 | 90.51 | 0.02 | 0.48 | 22.45 | -4.79 | 0.76 | 22.94 | -4.02 | -0.91 | 18.44 | -4.21 | -0.91 | 5.88 | -0.84 | -1.01 | 3.06 | -3.77 | -1.92 | 0.17 | 0.0 | 0.0 | 26.58 | -3.59 | -2.24 | 82.27 | -20.92 | 6.25 | 98.10 | -1.0 | 1.13 | 1.90 | 107.62 | -52.38 | 63.89 | 0.38 | 0.82 |
| 21Q2 (7) | 2.66 | -15.02 | 88.65 | 90.49 | 0.77 | 3.78 | 23.58 | 1.51 | 77.96 | 23.90 | -1.16 | 67.96 | 19.25 | -18.57 | 63.83 | 5.93 | -13.05 | 86.48 | 3.18 | -18.04 | 82.76 | 0.17 | 6.25 | 13.33 | 27.57 | -2.61 | 45.33 | 104.04 | 46.0 | -1.47 | 99.08 | 2.97 | 6.7 | 0.92 | -75.69 | -87.16 | 63.65 | 0.0 | 0 |
| 21Q1 (6) | 3.13 | 51.94 | 68.28 | 89.80 | 0.68 | 1.11 | 23.23 | 42.69 | 28.77 | 24.18 | 43.33 | 24.96 | 23.64 | 43.8 | 52.32 | 6.82 | 43.88 | 69.23 | 3.88 | 46.42 | 62.34 | 0.16 | 0.0 | 6.67 | 28.31 | 33.16 | 15.88 | 71.26 | -12.36 | 8.1 | 96.23 | 0.54 | 2.91 | 3.77 | 32.08 | -41.89 | 63.65 | -4.73 | 0 |
| 20Q4 (5) | 2.06 | -15.92 | 5.1 | 89.19 | -0.99 | -0.73 | 16.28 | -26.93 | 3.3 | 16.87 | -27.13 | 0.78 | 16.44 | -11.66 | 1.86 | 4.74 | -20.2 | 7.0 | 2.65 | -15.06 | 1.53 | 0.16 | -5.88 | 0.0 | 21.26 | -21.81 | -2.66 | 81.31 | 5.01 | 12.2 | 95.71 | -1.33 | 0.2 | 2.86 | -28.57 | -52.14 | 66.81 | 5.43 | 1.83 |
| 20Q3 (4) | 2.45 | 73.76 | 0.0 | 90.08 | 3.31 | 0.0 | 22.28 | 68.15 | 0.0 | 23.15 | 62.68 | 0.0 | 18.61 | 58.38 | 0.0 | 5.94 | 86.79 | 0.0 | 3.12 | 79.31 | 0.0 | 0.17 | 13.33 | 0.0 | 27.19 | 43.33 | 0.0 | 77.43 | -26.67 | 0.0 | 97.00 | 4.46 | 0.0 | 4.00 | -44.0 | 0.0 | 63.37 | 0 | 0.0 |
| 20Q2 (3) | 1.41 | -24.19 | 0.0 | 87.19 | -1.82 | 0.0 | 13.25 | -26.55 | 0.0 | 14.23 | -26.46 | 0.0 | 11.75 | -24.29 | 0.0 | 3.18 | -21.09 | 0.0 | 1.74 | -27.2 | 0.0 | 0.15 | 0.0 | 0.0 | 18.97 | -22.35 | 0.0 | 105.59 | 60.18 | 0.0 | 92.86 | -0.69 | 0.0 | 7.14 | 10.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.86 | -5.1 | 0.0 | 88.81 | -1.16 | 0.0 | 18.04 | 14.47 | 0.0 | 19.35 | 15.59 | 0.0 | 15.52 | -3.84 | 0.0 | 4.03 | -9.03 | 0.0 | 2.39 | -8.43 | 0.0 | 0.15 | -6.25 | 0.0 | 24.43 | 11.86 | 0.0 | 65.92 | -9.04 | 0.0 | 93.51 | -2.11 | 0.0 | 6.49 | 8.77 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.96 | 0.0 | 0.0 | 89.85 | 0.0 | 0.0 | 15.76 | 0.0 | 0.0 | 16.74 | 0.0 | 0.0 | 16.14 | 0.0 | 0.0 | 4.43 | 0.0 | 0.0 | 2.61 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 21.84 | 0.0 | 0.0 | 72.47 | 0.0 | 0.0 | 95.52 | 0.0 | 0.0 | 5.97 | 0.0 | 0.0 | 65.61 | 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) | 13.61 | 1.42 | 86.87 | -2.92 | 22.11 | -4.12 | 3.26 | 3.05 | 23.61 | -1.75 | 19.39 | -4.58 | 27.28 | -0.55 | 13.23 | -6.63 | 0.68 | -2.86 | 27.01 | -0.92 | 112.76 | 12.13 | 93.64 | -2.26 | 6.36 | 58.79 | 0.37 | 0 | 62.51 | 1.35 |
| 2022 (9) | 13.42 | 20.25 | 89.48 | -0.79 | 23.06 | 8.06 | 3.17 | -12.52 | 24.03 | 9.28 | 20.32 | 2.42 | 27.43 | 13.58 | 14.17 | 7.84 | 0.70 | 6.06 | 27.26 | 5.99 | 100.56 | 15.63 | 95.80 | -1.29 | 4.01 | 35.93 | 0.00 | 0 | 61.68 | -2.99 |
| 2021 (8) | 11.16 | 43.08 | 90.19 | 1.51 | 21.34 | 21.39 | 3.62 | -17.85 | 21.99 | 18.8 | 19.84 | 26.61 | 24.15 | 39.76 | 13.14 | 33.94 | 0.66 | 6.45 | 25.72 | 11.49 | 86.97 | 6.96 | 97.05 | 2.46 | 2.95 | -40.44 | 0.03 | -54.89 | 63.58 | -4.63 |
| 2020 (7) | 7.80 | -9.51 | 88.85 | -1.24 | 17.58 | -10.58 | 4.41 | -8.75 | 18.51 | -9.84 | 15.67 | -10.71 | 17.28 | -9.81 | 9.81 | -14.62 | 0.62 | -4.62 | 23.07 | -9.71 | 81.31 | 12.2 | 94.72 | -1.16 | 4.95 | 18.81 | 0.08 | -35.16 | 66.67 | 7.19 |
| 2019 (6) | 8.62 | 1.29 | 89.97 | 0.07 | 19.66 | -4.0 | 4.83 | 90.5 | 20.53 | -8.02 | 17.55 | -1.85 | 19.16 | 3.07 | 11.49 | -2.71 | 0.65 | -1.52 | 25.55 | 1.79 | 72.47 | 16.31 | 95.83 | 4.44 | 4.17 | -49.43 | 0.12 | -29.35 | 62.20 | 3.01 |
| 2018 (5) | 8.51 | -11.35 | 89.91 | -0.38 | 20.48 | -11.95 | 2.53 | -16.94 | 22.32 | -9.96 | 17.88 | -13.58 | 18.59 | -9.41 | 11.81 | -13.86 | 0.66 | 0.0 | 25.10 | -11.56 | 62.31 | 18.19 | 91.76 | -2.09 | 8.24 | 31.13 | 0.16 | 0 | 60.38 | 6.32 |
| 2017 (4) | 9.60 | -20.27 | 90.25 | -0.45 | 23.26 | -0.17 | 3.05 | -22.1 | 24.79 | -4.25 | 20.69 | -24.43 | 20.52 | -14.14 | 13.71 | -10.68 | 0.66 | 6.45 | 28.38 | -7.19 | 52.72 | 12.84 | 93.72 | 4.22 | 6.28 | -37.67 | 0.00 | 0 | 56.79 | 2.69 |
| 2016 (3) | 12.04 | 20.52 | 90.66 | 0.66 | 23.30 | -0.51 | 3.92 | -9.51 | 25.89 | 3.89 | 27.38 | 16.66 | 23.90 | 12.9 | 15.35 | 18.81 | 0.62 | 0.0 | 30.58 | 1.16 | 46.72 | -28.81 | 89.92 | -4.36 | 10.08 | 68.47 | 0.00 | 0 | 55.30 | -58.57 |
| 2015 (2) | 9.99 | 6.16 | 90.07 | 0.91 | 23.42 | -1.84 | 4.33 | 14.24 | 24.92 | -4.19 | 23.47 | -3.02 | 21.17 | -4.29 | 12.92 | -6.98 | 0.62 | -3.13 | 30.23 | -2.29 | 65.63 | 6.08 | 94.02 | 2.23 | 5.98 | -28.21 | 0.00 | 0 | 133.48 | -5.23 |
| 2014 (1) | 9.41 | 26.14 | 89.26 | 0 | 23.86 | 0 | 3.79 | 81.08 | 26.01 | 0 | 24.20 | 0 | 22.12 | 0 | 13.89 | 0 | 0.64 | -47.54 | 30.94 | 92.65 | 61.87 | 9.82 | 91.96 | -5.45 | 8.33 | 204.17 | 0.00 | 0 | 140.84 | 92.83 |
