- 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) | 2.08 | 15.56 | -1.42 | 45.37 | 8.08 | 0.4 | 34.00 | 16.36 | 4.45 | 33.38 | 9.91 | -6.47 | 25.99 | 8.29 | -11.39 | 4.46 | 10.67 | -8.04 | 3.12 | 18.18 | -4.59 | 0.12 | 9.09 | 9.09 | 41.41 | 7.45 | -6.27 | 36.61 | -31.42 | -19.15 | 101.62 | 5.63 | 11.66 | -1.62 | -142.7 | -118.04 | 17.96 | -5.02 | -0.39 |
| 24Q2 (19) | 1.80 | -0.55 | 21.62 | 41.98 | 1.52 | 6.2 | 29.22 | 3.21 | 8.18 | 30.37 | -5.48 | 6.94 | 24.00 | -5.25 | 10.5 | 4.03 | -0.25 | 12.89 | 2.64 | -3.3 | 14.29 | 0.11 | 0.0 | 10.0 | 38.54 | -4.89 | 2.77 | 53.38 | -6.48 | -5.37 | 96.20 | 9.26 | 0.71 | 3.80 | -68.22 | -27.31 | 18.91 | -2.48 | 0.11 |
| 24Q1 (18) | 1.81 | 19.08 | 27.46 | 41.35 | -5.81 | 4.98 | 28.31 | -12.0 | 4.35 | 32.13 | 24.87 | 17.91 | 25.33 | 24.84 | 17.0 | 4.04 | 20.6 | 19.53 | 2.73 | 15.68 | 21.87 | 0.11 | 0.0 | 10.0 | 40.52 | 19.25 | 12.0 | 57.08 | 27.33 | -5.2 | 88.05 | -29.88 | -11.95 | 11.95 | 148.16 | 1381.76 | 19.39 | 14.53 | -1.17 |
| 23Q4 (17) | 1.52 | -27.96 | -7.32 | 43.90 | -2.85 | 8.74 | 32.17 | -1.17 | 15.39 | 25.73 | -27.91 | -3.12 | 20.29 | -30.82 | -4.7 | 3.35 | -30.93 | -11.84 | 2.36 | -27.83 | -10.27 | 0.11 | 0.0 | -8.33 | 33.98 | -23.09 | -0.5 | 44.83 | -0.99 | -6.15 | 125.56 | 37.97 | 19.66 | -24.81 | -376.03 | -403.33 | 16.93 | -6.1 | -3.09 |
| 23Q3 (16) | 2.11 | 42.57 | 9.33 | 45.19 | 14.32 | 11.36 | 32.55 | 20.51 | 15.18 | 35.69 | 25.67 | 10.39 | 29.33 | 35.04 | 14.75 | 4.85 | 35.85 | 3.41 | 3.27 | 41.56 | 2.19 | 0.11 | 10.0 | -8.33 | 44.18 | 17.81 | 12.39 | 45.28 | -19.73 | -0.88 | 91.01 | -4.72 | 3.92 | 8.99 | 72.07 | -27.66 | 18.03 | -4.55 | 1.98 |
| 23Q2 (15) | 1.48 | 4.23 | -17.32 | 39.53 | 0.36 | -10.77 | 27.01 | -0.44 | -12.9 | 28.40 | 4.22 | -14.25 | 21.72 | 0.32 | -14.86 | 3.57 | 5.62 | -22.39 | 2.31 | 3.12 | -24.76 | 0.10 | 0.0 | -16.67 | 37.50 | 3.65 | -4.58 | 56.41 | -6.31 | 15.19 | 95.52 | -4.48 | 1.85 | 5.22 | 547.76 | -15.9 | 18.89 | -3.72 | 3.91 |
| 23Q1 (14) | 1.42 | -13.41 | -19.32 | 39.39 | -2.43 | -8.63 | 27.13 | -2.69 | -3.25 | 27.25 | 2.6 | -15.82 | 21.65 | 1.69 | -17.18 | 3.38 | -11.05 | -24.72 | 2.24 | -14.83 | -28.43 | 0.10 | -16.67 | -16.67 | 36.18 | 5.94 | -6.66 | 60.21 | 26.04 | 17.07 | 100.00 | -4.7 | 15.27 | 0.81 | 116.36 | -93.91 | 19.62 | 12.31 | 4.58 |
| 22Q4 (13) | 1.64 | -15.03 | -12.77 | 40.37 | -0.52 | -9.3 | 27.88 | -1.34 | -10.56 | 26.56 | -17.85 | -14.29 | 21.29 | -16.71 | -21.06 | 3.80 | -18.98 | -20.34 | 2.63 | -17.81 | -24.86 | 0.12 | 0.0 | -7.69 | 34.15 | -13.13 | -8.69 | 47.77 | 4.58 | 26.61 | 104.93 | 19.82 | 4.23 | -4.93 | -139.67 | -639.44 | 17.47 | -1.19 | 0.92 |
| 22Q3 (12) | 1.93 | 7.82 | 49.61 | 40.58 | -8.4 | -1.55 | 28.26 | -8.87 | 3.1 | 32.33 | -2.39 | 19.21 | 25.56 | 0.2 | 26.72 | 4.69 | 1.96 | 45.2 | 3.20 | 4.23 | 32.78 | 0.12 | 0.0 | 0.0 | 39.31 | 0.03 | 15.31 | 45.68 | -6.72 | 26.92 | 87.57 | -6.63 | -13.86 | 12.43 | 100.06 | 1591.12 | 17.68 | -2.75 | -7.09 |
| 22Q2 (11) | 1.79 | 1.7 | 36.64 | 44.30 | 2.76 | 5.68 | 31.01 | 10.59 | 11.15 | 33.12 | 2.32 | 26.46 | 25.51 | -2.41 | 23.96 | 4.60 | 2.45 | 43.3 | 3.07 | -1.92 | 27.39 | 0.12 | 0.0 | 0.0 | 39.30 | 1.39 | 18.7 | 48.97 | -4.78 | 43.19 | 93.79 | 8.11 | -12.31 | 6.21 | -53.11 | 189.29 | 18.18 | -3.09 | -5.9 |
| 22Q1 (10) | 1.76 | -6.38 | 1.15 | 43.11 | -3.15 | -10.34 | 28.04 | -10.04 | -15.95 | 32.37 | 4.45 | -2.94 | 26.14 | -3.08 | -0.87 | 4.49 | -5.87 | 1.58 | 3.13 | -10.57 | -5.72 | 0.12 | -7.69 | -7.69 | 38.76 | 3.64 | -3.73 | 51.43 | 36.31 | 56.32 | 86.75 | -13.82 | -13.25 | 13.25 | 2086.75 | 0 | 18.76 | 8.38 | -2.04 |
| 21Q4 (9) | 1.88 | 45.74 | -13.36 | 44.51 | 7.98 | -3.18 | 31.17 | 13.72 | -6.76 | 30.99 | 14.27 | -4.2 | 26.97 | 33.71 | -5.67 | 4.77 | 47.68 | -17.76 | 3.50 | 45.23 | -19.72 | 0.13 | 8.33 | -13.33 | 37.40 | 9.71 | -1.45 | 37.73 | 4.83 | 11.76 | 100.67 | -0.98 | -2.77 | -0.67 | 20.0 | 81.11 | 17.31 | -9.04 | -4.79 |
| 21Q3 (8) | 1.29 | -1.53 | -26.29 | 41.22 | -1.67 | -3.31 | 27.41 | -1.76 | -8.82 | 27.12 | 3.55 | -8.99 | 20.17 | -1.99 | -14.97 | 3.23 | 0.62 | -34.22 | 2.41 | 0.0 | -34.69 | 0.12 | 0.0 | -25.0 | 34.09 | 2.96 | -4.11 | 35.99 | 5.23 | 9.79 | 101.67 | -4.95 | 1.01 | -0.83 | 88.02 | -27.5 | 19.03 | -1.5 | 0.95 |
| 21Q2 (7) | 1.31 | -24.71 | -16.03 | 41.92 | -12.81 | -0.52 | 27.90 | -16.37 | -8.19 | 26.19 | -21.47 | -13.11 | 20.58 | -21.96 | -10.79 | 3.21 | -27.38 | -25.52 | 2.41 | -27.41 | -29.53 | 0.12 | -7.69 | -20.0 | 33.11 | -17.76 | -7.77 | 34.20 | 3.95 | 0.53 | 106.96 | 6.96 | 6.2 | -6.96 | 0 | -880.87 | 19.32 | 0.89 | 0 |
| 21Q1 (6) | 1.74 | -19.82 | 10.83 | 48.08 | 4.59 | 9.17 | 33.36 | -0.21 | 9.38 | 33.35 | 3.09 | 6.75 | 26.37 | -7.76 | 7.02 | 4.42 | -23.79 | 3.51 | 3.32 | -23.85 | -8.03 | 0.13 | -13.33 | -13.33 | 40.26 | 6.09 | 8.02 | 32.90 | -2.55 | 79.0 | 100.00 | -3.41 | 2.99 | 0.00 | 100.0 | -100.0 | 19.15 | 5.34 | 0 |
| 20Q4 (5) | 2.17 | 24.0 | 45.64 | 45.97 | 7.83 | 3.19 | 33.43 | 11.21 | 8.75 | 32.35 | 8.56 | 11.82 | 28.59 | 20.53 | 30.61 | 5.80 | 18.13 | 37.77 | 4.36 | 18.16 | 24.22 | 0.15 | -6.25 | -6.25 | 37.95 | 6.75 | 10.1 | 33.76 | 2.99 | 85.7 | 103.53 | 2.86 | -2.9 | -3.53 | -440.0 | 46.67 | 18.18 | -3.55 | -4.87 |
| 20Q3 (4) | 1.75 | 12.18 | 0.0 | 42.63 | 1.16 | 0.0 | 30.06 | -1.09 | 0.0 | 29.80 | -1.13 | 0.0 | 23.72 | 2.82 | 0.0 | 4.91 | 13.92 | 0.0 | 3.69 | 7.89 | 0.0 | 0.16 | 6.67 | 0.0 | 35.55 | -0.97 | 0.0 | 32.78 | -3.64 | 0.0 | 100.65 | -0.06 | 0.0 | -0.65 | 7.84 | 0.0 | 18.85 | 0 | 0.0 |
| 20Q2 (3) | 1.56 | -0.64 | 0.0 | 42.14 | -4.31 | 0.0 | 30.39 | -0.36 | 0.0 | 30.14 | -3.52 | 0.0 | 23.07 | -6.37 | 0.0 | 4.31 | 0.94 | 0.0 | 3.42 | -5.26 | 0.0 | 0.15 | 0.0 | 0.0 | 35.90 | -3.68 | 0.0 | 34.02 | 85.09 | 0.0 | 100.71 | 3.72 | 0.0 | -0.71 | -132.62 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.57 | 5.37 | 0.0 | 44.04 | -1.14 | 0.0 | 30.50 | -0.78 | 0.0 | 31.24 | 7.98 | 0.0 | 24.64 | 12.56 | 0.0 | 4.27 | 1.43 | 0.0 | 3.61 | 2.85 | 0.0 | 0.15 | -6.25 | 0.0 | 37.27 | 8.12 | 0.0 | 18.38 | 1.1 | 0.0 | 97.10 | -8.93 | 0.0 | 2.17 | 132.85 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.49 | 0.0 | 0.0 | 44.55 | 0.0 | 0.0 | 30.74 | 0.0 | 0.0 | 28.93 | 0.0 | 0.0 | 21.89 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 3.51 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 34.47 | 0.0 | 0.0 | 18.18 | 0.0 | 0.0 | 106.62 | 0.0 | 0.0 | -6.62 | 0.0 | 0.0 | 19.11 | 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) | 6.53 | -8.29 | 42.11 | 0.24 | 29.83 | 3.68 | 7.81 | 22.72 | 29.29 | -5.52 | 23.27 | -5.21 | 14.55 | -14.01 | 10.15 | -14.85 | 0.43 | -10.42 | 37.89 | 0.34 | 44.83 | -6.15 | 101.75 | 9.68 | -1.93 | 0 | 0.00 | 0 | 18.32 | 1.78 |
| 2022 (9) | 7.12 | 14.47 | 42.01 | -4.48 | 28.77 | -4.16 | 6.37 | -1.51 | 31.00 | 5.16 | 24.55 | 3.94 | 16.92 | 7.22 | 11.92 | 2.23 | 0.48 | -2.04 | 37.76 | 4.11 | 47.77 | 26.61 | 92.78 | -8.92 | 7.22 | 0 | 0.00 | 0 | 18.00 | -3.59 |
| 2021 (8) | 6.22 | -11.77 | 43.98 | 0.57 | 30.02 | -3.63 | 6.47 | 16.62 | 29.48 | -4.6 | 23.62 | -5.86 | 15.78 | -16.82 | 11.66 | -22.58 | 0.49 | -18.33 | 36.27 | -1.17 | 37.73 | 11.76 | 101.86 | 1.02 | -1.86 | 0 | 0.00 | 0 | 18.67 | -0.85 |
| 2020 (7) | 7.05 | 5.22 | 43.73 | -0.5 | 31.15 | -0.26 | 5.54 | 10.82 | 30.90 | -3.07 | 25.09 | 0.48 | 18.97 | -1.86 | 15.06 | -7.66 | 0.60 | -7.69 | 36.70 | -1.26 | 33.76 | 85.7 | 100.83 | 3.09 | -0.83 | 0 | 0.00 | 0 | 18.83 | -1.05 |
| 2019 (6) | 6.70 | 14.73 | 43.95 | 2.88 | 31.23 | 2.97 | 5.00 | -1.59 | 31.88 | -0.19 | 24.97 | -0.56 | 19.33 | 6.21 | 16.31 | 7.94 | 0.65 | 8.33 | 37.17 | -0.75 | 18.18 | -8.04 | 97.81 | 3.01 | 2.02 | -59.92 | 0.00 | 0 | 19.03 | -4.71 |
| 2018 (5) | 5.84 | 33.03 | 42.72 | 0.49 | 30.33 | 0.6 | 5.08 | -5.02 | 31.94 | 15.39 | 25.11 | 17.34 | 18.20 | 26.21 | 15.11 | 27.94 | 0.60 | 9.09 | 37.45 | 11.96 | 19.77 | -12.83 | 94.95 | -12.81 | 5.05 | 0 | 0.00 | 0 | 19.97 | 5.77 |
| 2017 (4) | 4.39 | -15.09 | 42.51 | -4.45 | 30.15 | -3.3 | 5.35 | 3.16 | 27.68 | -11.62 | 21.40 | -15.95 | 14.42 | -19.98 | 11.81 | -17.12 | 0.55 | -1.79 | 33.45 | -9.84 | 22.68 | -3.12 | 108.91 | 9.4 | -8.91 | 0 | 0.00 | 0 | 18.88 | -7.77 |
| 2016 (3) | 5.17 | 27.03 | 44.49 | 1.74 | 31.18 | 6.63 | 5.19 | -8.0 | 31.32 | -1.54 | 25.46 | 1.56 | 18.02 | 7.84 | 14.25 | 8.45 | 0.56 | 7.69 | 37.10 | -2.08 | 23.41 | -26.71 | 99.55 | 8.47 | 0.45 | -94.32 | 0.00 | 0 | 20.47 | -3.94 |
| 2015 (2) | 4.07 | 18.66 | 43.73 | 3.41 | 29.24 | 10.13 | 5.64 | -3.96 | 31.81 | 6.25 | 25.07 | -3.17 | 16.71 | 0.48 | 13.14 | -2.67 | 0.52 | 0.0 | 37.89 | 4.9 | 31.94 | 29.21 | 91.77 | 3.47 | 7.98 | -29.44 | 0.00 | 0 | 21.31 | -4.14 |
| 2014 (1) | 3.43 | 26.57 | 42.29 | 0 | 26.55 | 0 | 5.87 | -16.04 | 29.94 | 0 | 25.89 | 0 | 16.63 | 0 | 13.50 | 0 | 0.52 | -1.89 | 36.12 | 8.47 | 24.72 | 4.83 | 88.69 | -6.42 | 11.31 | 134.67 | 0.00 | 0 | 22.23 | -1.81 |
