- 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) | 1.32 | -12.0 | -9.59 | 44.45 | 21.35 | 19.55 | 17.95 | 29.7 | 8.46 | 19.33 | 14.85 | 4.77 | 15.79 | 15.34 | 8.82 | 3.52 | -0.85 | 5.07 | 2.00 | 6.95 | 3.09 | 0.12 | -7.69 | -7.69 | 32.87 | 16.81 | 13.97 | 73.88 | -14.51 | 0.78 | 92.75 | 12.99 | 3.06 | 7.25 | -59.54 | -27.54 | 23.22 | 7.4 | 8.91 |
| 24Q2 (19) | 1.50 | 2.74 | -19.35 | 36.63 | 6.08 | 0.96 | 13.84 | 3.28 | -17.52 | 16.83 | 3.7 | -10.38 | 13.69 | 5.88 | -10.7 | 3.55 | 9.91 | -10.35 | 1.87 | 8.09 | -18.34 | 0.13 | 0.0 | -13.33 | 28.14 | 5.0 | 1.96 | 86.42 | -14.35 | 14.6 | 82.09 | -1.19 | -8.39 | 17.91 | 5.83 | 72.39 | 21.62 | 4.9 | 13.02 |
| 24Q1 (18) | 1.46 | -5.81 | -20.65 | 34.53 | -12.49 | -10.15 | 13.40 | -20.62 | -22.05 | 16.23 | -11.65 | -14.71 | 12.93 | -11.01 | -15.43 | 3.23 | -9.01 | -16.32 | 1.73 | -14.78 | -22.77 | 0.13 | -7.14 | -13.33 | 26.80 | -5.5 | -5.1 | 100.90 | 25.22 | 37.79 | 83.08 | -9.7 | -8.37 | 16.92 | 111.54 | 81.32 | 20.61 | -0.39 | 2.64 |
| 23Q4 (17) | 1.55 | 6.16 | 33.62 | 39.46 | 6.13 | 20.38 | 16.88 | 1.99 | 51.53 | 18.37 | -0.43 | 58.77 | 14.53 | 0.14 | 53.76 | 3.55 | 5.97 | 47.3 | 2.03 | 4.64 | 41.96 | 0.14 | 7.69 | -6.67 | 28.36 | -1.66 | 45.51 | 80.58 | 9.92 | 11.1 | 92.00 | 2.22 | -3.72 | 8.00 | -20.0 | 80.0 | 20.69 | -2.95 | -7.68 |
| 23Q3 (16) | 1.46 | -21.51 | 46.0 | 37.18 | 2.48 | 16.73 | 16.55 | -1.37 | 86.37 | 18.45 | -1.76 | 50.49 | 14.51 | -5.35 | 50.21 | 3.35 | -15.4 | 62.62 | 1.94 | -15.28 | 59.02 | 0.13 | -13.33 | 0.0 | 28.84 | 4.49 | 31.27 | 73.31 | -2.78 | 8.0 | 90.00 | 0.43 | 22.14 | 10.00 | -3.75 | -65.45 | 21.32 | 11.45 | -2.87 |
| 23Q2 (15) | 1.86 | 1.09 | 77.14 | 36.28 | -5.59 | -4.5 | 16.78 | -2.39 | 26.07 | 18.78 | -1.31 | 29.7 | 15.33 | 0.26 | 41.68 | 3.96 | 2.59 | 88.57 | 2.29 | 2.23 | 84.68 | 0.15 | 0.0 | 36.36 | 27.60 | -2.27 | 11.2 | 75.41 | 2.98 | 2.96 | 89.61 | -1.17 | -3.12 | 10.39 | 11.32 | 38.53 | 19.13 | -4.73 | -11.44 |
| 23Q1 (14) | 1.84 | 58.62 | 36.3 | 38.43 | 17.24 | -0.05 | 17.19 | 54.31 | 6.44 | 19.03 | 64.48 | 8.56 | 15.29 | 61.8 | 11.12 | 3.86 | 60.17 | 31.29 | 2.24 | 56.64 | 23.08 | 0.15 | 0.0 | 15.38 | 28.24 | 44.89 | 7.75 | 73.23 | 0.97 | 7.19 | 90.67 | -5.12 | -2.08 | 9.33 | 110.0 | 26.0 | 20.08 | -10.4 | 4.42 |
| 22Q4 (13) | 1.16 | 16.0 | -7.2 | 32.78 | 2.92 | -12.8 | 11.14 | 25.45 | -34.59 | 11.57 | -5.63 | -34.04 | 9.45 | -2.17 | -36.87 | 2.41 | 16.99 | -22.01 | 1.43 | 17.21 | -29.21 | 0.15 | 15.38 | 15.38 | 19.49 | -11.29 | -25.04 | 72.53 | 6.85 | 29.1 | 95.56 | 29.68 | -0.7 | 4.44 | -84.65 | 17.78 | 22.41 | 2.1 | 32.92 |
| 22Q3 (12) | 1.00 | -4.76 | 21.95 | 31.85 | -16.16 | 0.89 | 8.88 | -33.28 | -29.47 | 12.26 | -15.33 | -25.2 | 9.66 | -10.72 | -29.8 | 2.06 | -1.9 | -4.63 | 1.22 | -1.61 | -12.86 | 0.13 | 18.18 | 30.0 | 21.97 | -11.48 | -20.05 | 67.88 | -7.32 | 34.23 | 73.68 | -20.34 | -5.26 | 28.95 | 285.96 | 30.26 | 21.95 | 1.62 | 6.92 |
| 22Q2 (11) | 1.05 | -22.22 | 36.36 | 37.99 | -1.2 | 6.38 | 13.31 | -17.59 | -13.12 | 14.48 | -17.4 | -4.61 | 10.82 | -21.37 | -3.13 | 2.10 | -28.57 | 20.69 | 1.24 | -31.87 | 11.71 | 0.11 | -15.38 | 10.0 | 24.82 | -5.3 | -5.09 | 73.24 | 7.2 | 26.06 | 92.50 | -0.1 | -7.5 | 7.50 | 1.25 | 0 | 21.60 | 12.32 | 27.96 |
| 22Q1 (10) | 1.35 | 8.0 | 7.14 | 38.45 | 2.29 | 18.05 | 16.15 | -5.17 | -2.94 | 17.53 | -0.06 | -2.34 | 13.76 | -8.08 | -5.3 | 2.94 | -4.85 | 0.34 | 1.82 | -9.9 | -5.21 | 0.13 | 0.0 | 0.0 | 26.21 | 0.81 | 0.65 | 68.32 | 21.61 | 14.53 | 92.59 | -3.78 | 0.31 | 7.41 | 96.3 | -3.7 | 19.23 | 14.06 | 41.81 |
| 21Q4 (9) | 1.25 | 52.44 | 37.36 | 37.59 | 19.07 | 26.1 | 17.03 | 35.27 | 26.9 | 17.54 | 7.02 | 28.12 | 14.97 | 8.79 | 33.54 | 3.09 | 43.06 | 49.28 | 2.02 | 44.29 | 42.25 | 0.13 | 30.0 | 0.0 | 26.00 | -5.39 | 21.78 | 56.18 | 11.09 | 20.95 | 96.23 | 23.72 | -1.1 | 3.77 | -83.02 | 39.62 | 16.86 | -17.88 | 29.79 |
| 21Q3 (8) | 0.82 | 6.49 | -10.87 | 31.57 | -11.59 | 3.61 | 12.59 | -17.82 | -1.56 | 16.39 | 7.97 | 14.62 | 13.76 | 23.19 | 21.66 | 2.16 | 24.14 | 10.2 | 1.40 | 26.13 | 6.87 | 0.10 | 0.0 | -16.67 | 27.48 | 5.09 | 22.9 | 50.57 | -12.96 | 8.96 | 77.78 | -22.22 | -14.93 | 22.22 | 0 | 94.44 | 20.53 | 21.62 | 27.12 |
| 21Q2 (7) | 0.77 | -38.89 | -12.5 | 35.71 | 9.64 | 17.97 | 15.32 | -7.93 | 20.16 | 15.18 | -15.43 | 5.49 | 11.17 | -23.12 | 0.09 | 1.74 | -40.61 | -5.95 | 1.11 | -42.19 | -5.93 | 0.10 | -23.08 | -9.09 | 26.15 | 0.42 | 13.5 | 58.10 | -2.6 | 6.1 | 100.00 | 8.33 | 13.79 | 0.00 | -100.0 | -100.0 | 16.88 | 24.48 | 0 |
| 21Q1 (6) | 1.26 | 38.46 | 9.57 | 32.57 | 9.26 | -7.6 | 16.64 | 23.99 | 0.18 | 17.95 | 31.12 | 8.92 | 14.53 | 29.62 | 16.52 | 2.93 | 41.55 | 25.21 | 1.92 | 35.21 | 27.15 | 0.13 | 0.0 | 8.33 | 26.04 | 21.97 | 6.55 | 59.65 | 28.42 | -1.55 | 92.31 | -5.13 | -7.69 | 7.69 | 184.62 | 0 | 13.56 | 4.39 | 0 |
| 20Q4 (5) | 0.91 | -1.09 | -12.5 | 29.81 | -2.17 | 10.49 | 13.42 | 4.93 | 9.37 | 13.69 | -4.27 | 0.37 | 11.21 | -0.88 | 9.9 | 2.07 | 5.61 | -2.82 | 1.42 | 8.4 | -3.4 | 0.13 | 8.33 | -7.14 | 21.35 | -4.52 | 2.35 | 46.45 | 0.09 | -9.81 | 97.30 | 6.42 | 7.82 | 2.70 | -76.35 | -72.3 | 12.99 | -19.57 | -25.22 |
| 20Q3 (4) | 0.92 | 4.55 | 0.0 | 30.47 | 0.66 | 0.0 | 12.79 | 0.31 | 0.0 | 14.30 | -0.63 | 0.0 | 11.31 | 1.34 | 0.0 | 1.96 | 5.95 | 0.0 | 1.31 | 11.02 | 0.0 | 0.12 | 9.09 | 0.0 | 22.36 | -2.95 | 0.0 | 46.41 | -15.25 | 0.0 | 91.43 | 4.04 | 0.0 | 11.43 | -5.71 | 0.0 | 16.15 | 0 | 0.0 |
| 20Q2 (3) | 0.88 | -23.48 | 0.0 | 30.27 | -14.13 | 0.0 | 12.75 | -23.24 | 0.0 | 14.39 | -12.68 | 0.0 | 11.16 | -10.51 | 0.0 | 1.85 | -20.94 | 0.0 | 1.18 | -21.85 | 0.0 | 0.11 | -8.33 | 0.0 | 23.04 | -5.73 | 0.0 | 54.76 | -9.62 | 0.0 | 87.88 | -12.12 | 0.0 | 12.12 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.15 | 10.58 | 0.0 | 35.25 | 30.65 | 0.0 | 16.61 | 35.37 | 0.0 | 16.48 | 20.82 | 0.0 | 12.47 | 22.25 | 0.0 | 2.34 | 9.86 | 0.0 | 1.51 | 2.72 | 0.0 | 0.12 | -14.29 | 0.0 | 24.44 | 17.16 | 0.0 | 60.59 | 17.65 | 0.0 | 100.00 | 10.81 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.04 | 0.0 | 0.0 | 26.98 | 0.0 | 0.0 | 12.27 | 0.0 | 0.0 | 13.64 | 0.0 | 0.0 | 10.20 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 1.47 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 20.86 | 0.0 | 0.0 | 51.50 | 0.0 | 0.0 | 90.24 | 0.0 | 0.0 | 9.76 | 0.0 | 0.0 | 17.37 | 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) | 6.37 | 39.39 | 37.84 | 8.02 | 16.85 | 37.44 | 9.35 | 5.02 | 18.66 | 35.32 | 14.92 | 37.77 | 14.60 | 58.01 | 8.33 | 47.17 | 0.55 | 5.77 | 28.17 | 23.39 | 80.58 | 11.1 | 90.57 | 2.04 | 9.76 | -13.1 | 0.16 | 8.91 | 20.28 | -5.06 |
| 2022 (9) | 4.57 | 11.19 | 35.03 | 1.57 | 12.26 | -21.41 | 8.90 | -4.69 | 13.79 | -18.45 | 10.83 | -21.41 | 9.24 | -4.25 | 5.66 | -11.7 | 0.52 | 13.04 | 22.83 | -13.39 | 72.53 | 29.1 | 88.76 | -3.47 | 11.24 | 50.39 | 0.15 | 14.34 | 21.36 | 27.6 |
| 2021 (8) | 4.11 | 6.2 | 34.49 | 9.46 | 15.60 | 11.83 | 9.34 | 17.78 | 16.91 | 14.8 | 13.78 | 19.2 | 9.65 | 21.23 | 6.41 | 19.14 | 0.46 | 0.0 | 26.36 | 15.66 | 56.18 | 20.95 | 91.95 | -2.83 | 7.47 | 39.15 | 0.13 | -30.09 | 16.74 | 6.56 |
| 2020 (7) | 3.87 | 3.2 | 31.51 | 11.11 | 13.95 | 4.1 | 7.93 | 43.69 | 14.73 | 8.47 | 11.56 | 8.04 | 7.96 | -8.4 | 5.38 | -10.18 | 0.46 | -17.86 | 22.79 | 18.76 | 46.45 | -9.81 | 94.63 | -4.17 | 5.37 | 329.53 | 0.19 | 38.37 | 15.71 | 17.5 |
| 2019 (6) | 3.75 | 7.14 | 28.36 | -1.77 | 13.40 | 17.34 | 5.52 | 83.66 | 13.58 | 11.04 | 10.70 | 1.9 | 8.69 | 1.05 | 5.99 | 5.83 | 0.56 | 3.7 | 19.19 | 24.93 | 51.50 | 25.92 | 98.75 | 5.43 | 1.25 | -80.28 | 0.13 | 172.35 | 13.37 | 18.32 |
| 2018 (5) | 3.50 | -7.16 | 28.87 | -9.95 | 11.42 | -31.94 | 3.00 | 2.23 | 12.23 | -19.43 | 10.50 | -15.25 | 8.60 | -15.19 | 5.66 | -12.11 | 0.54 | 5.88 | 15.36 | -18.12 | 40.90 | -36.02 | 93.66 | -15.03 | 6.34 | 0 | 0.05 | 0 | 11.30 | -2.33 |
| 2017 (4) | 3.77 | -4.56 | 32.06 | -4.04 | 16.78 | 4.68 | 2.94 | 11.58 | 15.18 | 0.8 | 12.39 | 1.31 | 10.14 | -3.06 | 6.44 | -6.53 | 0.51 | -7.27 | 18.76 | 3.13 | 63.93 | 6.44 | 110.23 | 3.44 | -10.23 | 0 | 0.00 | 0 | 11.57 | -8.17 |
| 2016 (3) | 3.95 | -2.47 | 33.41 | 9.11 | 16.03 | 34.14 | 2.63 | -13.48 | 15.06 | 25.6 | 12.23 | 24.04 | 10.46 | 6.41 | 6.89 | 0.0 | 0.55 | -19.12 | 18.19 | 16.01 | 60.06 | 15.15 | 106.56 | 7.24 | -6.56 | 0 | 0.00 | 0 | 12.60 | -10.45 |
| 2015 (2) | 4.05 | 0.75 | 30.62 | -6.59 | 11.95 | 12.42 | 3.04 | -26.7 | 11.99 | 3.9 | 9.86 | 7.64 | 9.83 | 2.82 | 6.89 | 2.68 | 0.68 | -4.23 | 15.68 | -4.16 | 52.16 | 28.06 | 99.37 | 7.91 | 0.63 | -92.0 | 0.00 | 0 | 14.07 | -3.03 |
| 2014 (1) | 4.02 | 157.69 | 32.78 | 0 | 10.63 | 0 | 4.15 | -20.65 | 11.54 | 0 | 9.16 | 0 | 9.56 | 0 | 6.71 | 0 | 0.71 | 31.48 | 16.36 | 34.76 | 40.73 | -26.0 | 92.09 | 9.22 | 7.91 | -49.55 | 0.00 | 0 | 14.51 | -22.49 |
