- 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) | 3.22 | 2.55 | 4.55 | 32.51 | 19.65 | -3.93 | 14.38 | 22.7 | -6.2 | 14.48 | 20.47 | -6.82 | 11.50 | 17.11 | -9.09 | 6.03 | -3.83 | -3.83 | 3.98 | -3.4 | -7.44 | 0.34 | -19.05 | 0.0 | 16.08 | 20.45 | -4.46 | 50.56 | -6.34 | 23.26 | 100.00 | 3.12 | 1.56 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 3.14 | 2.61 | 3.97 | 27.17 | -14.88 | -19.83 | 11.72 | -14.26 | -21.4 | 12.02 | -13.15 | -22.05 | 9.82 | -13.33 | -21.44 | 6.27 | 4.5 | -4.57 | 4.12 | -1.67 | -3.74 | 0.42 | 13.51 | 23.53 | 13.35 | -13.31 | -20.11 | 53.98 | 5.06 | 2.6 | 96.97 | -1.49 | 0.1 | 3.03 | 93.94 | -3.03 | 11.97 | -19.99 | -20.99 |
| 24Q1 (18) | 3.06 | 11.68 | 10.07 | 31.92 | -8.22 | 6.93 | 13.67 | 3.64 | 7.05 | 13.84 | 1.62 | 6.96 | 11.33 | -0.96 | 7.7 | 6.00 | 13.85 | 1.18 | 4.19 | 9.97 | 1.7 | 0.37 | 12.12 | -5.13 | 15.40 | 0.2 | 8.76 | 51.38 | 37.64 | -7.24 | 98.44 | 2.08 | -1.56 | 1.56 | -56.25 | -9.37 | 14.96 | -11.84 | 5.87 |
| 23Q4 (17) | 2.74 | -11.04 | -9.87 | 34.78 | 2.78 | 4.66 | 13.19 | -13.96 | -3.72 | 13.62 | -12.36 | -3.34 | 11.44 | -9.57 | -8.11 | 5.27 | -15.95 | -17.27 | 3.81 | -11.4 | -19.79 | 0.33 | -2.94 | -13.16 | 15.37 | -8.67 | -1.41 | 37.33 | -9.0 | 11.57 | 96.43 | -2.06 | -0.19 | 3.57 | 132.14 | 5.36 | 16.97 | 16.31 | 6.46 |
| 23Q3 (16) | 3.08 | 1.99 | 23.2 | 33.84 | -0.15 | 7.53 | 15.33 | 2.82 | 17.11 | 15.54 | 0.78 | 18.0 | 12.65 | 1.2 | 18.56 | 6.27 | -4.57 | 12.97 | 4.30 | 0.47 | 11.69 | 0.34 | 0.0 | -5.56 | 16.83 | 0.72 | 13.79 | 41.02 | -22.03 | 16.63 | 98.46 | 1.64 | 0.36 | 1.54 | -50.77 | 0 | 14.59 | -3.7 | -2.54 |
| 23Q2 (15) | 3.02 | 8.63 | 8.63 | 33.89 | 13.53 | 8.69 | 14.91 | 16.76 | 8.52 | 15.42 | 19.17 | 8.9 | 12.50 | 18.82 | 6.84 | 6.57 | 10.79 | -0.3 | 4.28 | 3.88 | -3.17 | 0.34 | -12.82 | -10.53 | 16.71 | 18.01 | 7.95 | 52.61 | -5.02 | -3.73 | 96.88 | -3.12 | 0.33 | 3.12 | 81.25 | -9.37 | 15.15 | 7.22 | 6.17 |
| 23Q1 (14) | 2.78 | -8.55 | 18.8 | 29.85 | -10.17 | -23.91 | 12.77 | -6.79 | -23.72 | 12.94 | -8.16 | -14.08 | 10.52 | -15.5 | -11.6 | 5.93 | -6.91 | 9.21 | 4.12 | -13.26 | 4.57 | 0.39 | 2.63 | 18.18 | 14.16 | -9.17 | -15.81 | 55.39 | 65.54 | 27.6 | 100.00 | 3.51 | -10.71 | 1.72 | -49.14 | 114.37 | 14.13 | -11.36 | -23.79 |
| 22Q4 (13) | 3.04 | 21.6 | 17.37 | 33.23 | 5.59 | -15.66 | 13.70 | 4.66 | -10.75 | 14.09 | 6.99 | -9.56 | 12.45 | 16.68 | -3.04 | 6.37 | 14.77 | 5.99 | 4.75 | 23.38 | 2.37 | 0.38 | 5.56 | 5.56 | 15.59 | 5.41 | -10.35 | 33.46 | -4.86 | 0.39 | 96.61 | -1.53 | -1.57 | 3.39 | 0 | 83.05 | 15.94 | 6.48 | -18.05 |
| 22Q3 (12) | 2.50 | -10.07 | -1.19 | 31.47 | 0.93 | -17.03 | 13.09 | -4.73 | -17.1 | 13.17 | -6.99 | -16.96 | 10.67 | -8.8 | -16.84 | 5.55 | -15.78 | -10.91 | 3.85 | -12.9 | -15.57 | 0.36 | -5.26 | 2.86 | 14.79 | -4.46 | -16.91 | 35.17 | -35.65 | 33.98 | 98.11 | 1.62 | -1.89 | 0.00 | -100.0 | 0 | 14.97 | 4.91 | -18.73 |
| 22Q2 (11) | 2.78 | 18.8 | 51.91 | 31.18 | -20.52 | -10.56 | 13.74 | -17.92 | 13.09 | 14.16 | -5.98 | 15.78 | 11.70 | -1.68 | 17.94 | 6.59 | 21.36 | 38.74 | 4.42 | 12.18 | 36.42 | 0.38 | 15.15 | 15.15 | 15.48 | -7.97 | 6.03 | 54.65 | 25.89 | 12.98 | 96.55 | -13.79 | -3.45 | 3.45 | 128.74 | 0 | 14.27 | -23.03 | -20.77 |
| 22Q1 (10) | 2.34 | -9.65 | 50.97 | 39.23 | -0.43 | 11.13 | 16.74 | 9.06 | 55.0 | 15.06 | -3.34 | 36.29 | 11.90 | -7.32 | 37.25 | 5.43 | -9.65 | 38.87 | 3.94 | -15.09 | 38.73 | 0.33 | -8.33 | 0.0 | 16.82 | -3.28 | 24.32 | 43.41 | 30.24 | -5.96 | 112.00 | 14.11 | 15.39 | -12.00 | -748.0 | -508.0 | 18.54 | -4.68 | -8.62 |
| 21Q4 (9) | 2.59 | 2.37 | 29.5 | 39.40 | 3.88 | -5.65 | 15.35 | -2.79 | -0.65 | 15.58 | -1.77 | 0.26 | 12.84 | 0.08 | 1.66 | 6.01 | -3.53 | 20.93 | 4.64 | 1.75 | 20.52 | 0.36 | 2.86 | 20.0 | 17.39 | -2.3 | -4.19 | 33.33 | 26.97 | 7.31 | 98.15 | -1.85 | -1.85 | 1.85 | 0 | 0 | 19.45 | 5.59 | -5.08 |
| 21Q3 (8) | 2.53 | 38.25 | 66.45 | 37.93 | 8.81 | -1.74 | 15.79 | 29.96 | 26.22 | 15.86 | 29.68 | 24.78 | 12.83 | 29.33 | 29.07 | 6.23 | 31.16 | 57.32 | 4.56 | 40.74 | 58.89 | 0.35 | 6.06 | 20.69 | 17.80 | 21.92 | 16.11 | 26.25 | -45.73 | -7.73 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | -100.0 | 18.42 | 2.28 | -9.44 |
| 21Q2 (7) | 1.83 | 18.06 | -13.27 | 34.86 | -1.25 | -5.12 | 12.15 | 12.5 | -9.93 | 12.23 | 10.68 | -10.73 | 9.92 | 14.42 | -19.61 | 4.75 | 21.48 | -17.82 | 3.24 | 14.08 | -15.62 | 0.33 | 0.0 | 6.45 | 14.60 | 7.91 | -7.3 | 48.37 | 4.79 | -3.03 | 100.00 | 3.03 | 2.56 | 0.00 | -100.0 | -100.0 | 18.01 | -11.24 | -3.48 |
| 21Q1 (6) | 1.55 | -22.5 | -34.32 | 35.30 | -15.47 | -7.62 | 10.80 | -30.1 | -32.12 | 11.05 | -28.89 | -31.45 | 8.67 | -31.35 | -33.82 | 3.91 | -21.33 | -38.33 | 2.84 | -26.23 | -35.01 | 0.33 | 10.0 | 0.0 | 13.53 | -25.45 | -24.5 | 46.16 | 48.62 | -12.44 | 97.06 | -2.94 | -2.94 | 2.94 | 0 | 44.12 | 20.29 | -0.98 | 0 |
| 20Q4 (5) | 2.00 | 31.58 | -14.89 | 41.76 | 8.19 | 24.84 | 15.45 | 23.5 | 14.36 | 15.54 | 22.27 | 13.1 | 12.63 | 27.06 | 9.16 | 4.97 | 25.51 | -20.1 | 3.85 | 34.15 | -15.75 | 0.30 | 3.45 | -23.08 | 18.15 | 18.4 | 18.86 | 31.06 | 9.17 | -20.44 | 100.00 | 0.0 | 2.13 | 0.00 | -100.0 | -100.0 | 20.49 | 0.74 | 28.46 |
| 20Q3 (4) | 1.52 | -27.96 | 0.0 | 38.60 | 5.06 | 0.0 | 12.51 | -7.26 | 0.0 | 12.71 | -7.23 | 0.0 | 9.94 | -19.45 | 0.0 | 3.96 | -31.49 | 0.0 | 2.87 | -25.26 | 0.0 | 0.29 | -6.45 | 0.0 | 15.33 | -2.67 | 0.0 | 28.45 | -42.96 | 0.0 | 100.00 | 2.56 | 0.0 | 3.03 | 21.21 | 0.0 | 20.34 | 9.0 | 0.0 |
| 20Q2 (3) | 2.11 | -10.59 | 0.0 | 36.74 | -3.85 | 0.0 | 13.49 | -15.21 | 0.0 | 13.70 | -15.01 | 0.0 | 12.34 | -5.8 | 0.0 | 5.78 | -8.83 | 0.0 | 3.84 | -12.13 | 0.0 | 0.31 | -6.06 | 0.0 | 15.75 | -12.11 | 0.0 | 49.88 | -5.39 | 0.0 | 97.50 | -2.5 | 0.0 | 2.50 | 22.5 | 0.0 | 18.66 | 0 | 0.0 |
| 20Q1 (2) | 2.36 | 0.43 | 0.0 | 38.21 | 14.23 | 0.0 | 15.91 | 17.76 | 0.0 | 16.12 | 17.32 | 0.0 | 13.10 | 13.22 | 0.0 | 6.34 | 1.93 | 0.0 | 4.37 | -4.38 | 0.0 | 0.33 | -15.38 | 0.0 | 17.92 | 17.35 | 0.0 | 52.72 | 35.04 | 0.0 | 100.00 | 2.13 | 0.0 | 2.04 | -2.04 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 2.35 | 0.0 | 0.0 | 33.45 | 0.0 | 0.0 | 13.51 | 0.0 | 0.0 | 13.74 | 0.0 | 0.0 | 11.57 | 0.0 | 0.0 | 6.22 | 0.0 | 0.0 | 4.57 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 15.27 | 0.0 | 0.0 | 39.04 | 0.0 | 0.0 | 97.92 | 0.0 | 0.0 | 2.08 | 0.0 | 0.0 | 15.95 | 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) | 11.62 | 9.11 | 33.01 | -1.55 | 14.02 | -1.34 | 1.36 | -7.98 | 14.35 | 1.92 | 11.75 | 0.6 | 22.65 | -0.26 | 16.78 | -1.58 | 1.42 | -2.74 | 15.79 | 1.09 | 37.33 | 11.57 | 97.53 | -3.35 | 2.06 | 0 | 2.88 | 304.35 | 15.18 | -3.98 |
| 2022 (9) | 10.65 | 25.29 | 33.53 | -9.28 | 14.21 | 4.26 | 1.48 | -8.43 | 14.08 | 2.18 | 11.68 | 4.66 | 22.71 | 14.41 | 17.05 | 13.21 | 1.46 | 8.15 | 15.62 | -1.33 | 33.46 | 0.39 | 100.91 | 2.05 | -0.91 | 0 | 0.71 | 0 | 15.81 | -16.92 |
| 2021 (8) | 8.50 | 6.25 | 36.96 | -4.67 | 13.63 | -5.28 | 1.61 | -8.8 | 13.78 | -5.42 | 11.16 | -7.46 | 19.85 | -0.55 | 15.06 | 1.35 | 1.35 | 9.76 | 15.83 | -5.83 | 33.33 | 7.31 | 98.88 | 0.1 | 1.12 | -7.82 | 0.00 | 0 | 19.03 | -1.91 |
| 2020 (7) | 8.00 | -4.42 | 38.77 | 6.69 | 14.39 | -0.42 | 1.77 | 33.3 | 14.57 | -0.68 | 12.06 | 1.69 | 19.96 | -13.41 | 14.86 | -12.95 | 1.23 | -13.99 | 16.81 | 2.81 | 31.06 | -20.44 | 98.79 | 0.49 | 1.21 | -28.48 | 0.00 | 0 | 19.40 | 15.0 |
| 2019 (6) | 8.37 | 92.86 | 36.34 | 5.03 | 14.45 | 46.4 | 1.33 | 308.96 | 14.67 | 45.54 | 11.86 | 47.51 | 23.05 | 72.27 | 17.07 | 60.43 | 1.43 | 8.33 | 16.35 | 52.66 | 39.04 | 23.19 | 98.31 | 0.47 | 1.69 | -21.19 | 0.00 | 0 | 16.87 | -11.16 |
| 2018 (5) | 4.34 | 187.42 | 34.60 | -1.34 | 9.87 | 122.3 | 0.32 | -26.84 | 10.08 | 106.56 | 8.04 | 111.02 | 13.38 | 181.68 | 10.64 | 168.69 | 1.32 | 26.92 | 10.71 | 85.62 | 31.69 | 64.45 | 97.85 | 7.63 | 2.15 | -76.34 | 0.00 | 0 | 18.99 | -17.15 |
| 2017 (4) | 1.51 | -65.76 | 35.07 | -10.05 | 4.44 | -54.37 | 0.44 | 28.55 | 4.88 | -52.9 | 3.81 | -54.59 | 4.75 | -64.07 | 3.96 | -62.43 | 1.04 | -17.46 | 5.77 | -47.78 | 19.27 | -5.72 | 90.91 | -3.74 | 9.09 | 63.64 | 0.00 | 0 | 22.92 | 3.43 |
| 2016 (3) | 4.41 | -9.82 | 38.99 | 3.61 | 9.73 | -12.5 | 0.35 | -15.07 | 10.36 | -4.6 | 8.39 | -0.36 | 13.22 | -14.04 | 10.54 | -11.05 | 1.26 | -10.64 | 11.05 | -4.66 | 20.44 | -32.59 | 94.44 | -7.29 | 5.56 | 0 | 0.00 | 0 | 22.16 | 7.52 |
| 2015 (2) | 4.89 | -6.5 | 37.63 | -11.19 | 11.12 | -17.38 | 0.41 | 18.43 | 10.86 | -19.5 | 8.42 | -17.77 | 15.38 | -12.76 | 11.85 | -13.12 | 1.41 | 6.02 | 11.59 | -18.32 | 30.32 | 3.3 | 101.87 | 1.87 | -2.80 | 0 | 0.00 | 0 | 20.61 | -6.36 |
| 2014 (1) | 5.23 | 13.2 | 42.37 | 0 | 13.46 | 0 | 0.34 | -47.83 | 13.49 | 0 | 10.24 | 0 | 17.63 | 0 | 13.64 | 0 | 1.33 | 3.91 | 14.19 | 4.72 | 29.35 | 0.79 | 100.00 | 1.03 | 0.00 | 0 | 0.00 | 0 | 22.01 | -6.34 |
