- 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) | 1.15 | 13.86 | 13.86 | 40.49 | 5.03 | 9.34 | 24.23 | 9.99 | 9.74 | 24.52 | 5.64 | 10.4 | 19.62 | 5.26 | 10.41 | 5.31 | 16.19 | 7.93 | 4.25 | 16.12 | 10.1 | 0.22 | 10.0 | 0.0 | 26.05 | 4.62 | 10.76 | 17.62 | -48.48 | -13.46 | 98.44 | 4.01 | -0.68 | 0.78 | -85.42 | -11.72 | 13.43 | -2.89 | -0.44 |
| 24Q2 (19) | 1.01 | 9.78 | 12.22 | 38.55 | 5.56 | 5.56 | 22.03 | 4.26 | 6.17 | 23.21 | 7.35 | 8.81 | 18.64 | 7.81 | 9.07 | 4.57 | 12.01 | 7.53 | 3.66 | 6.4 | 8.61 | 0.20 | 0.0 | 0.0 | 24.90 | 7.51 | 9.69 | 34.20 | 91.7 | -4.34 | 94.64 | -2.52 | -2.43 | 5.36 | 175.89 | 78.57 | 13.83 | -0.43 | -1.14 |
| 24Q1 (18) | 0.92 | -14.02 | -1.08 | 36.52 | -0.33 | -0.49 | 21.13 | -3.95 | -2.63 | 21.62 | -7.37 | -1.37 | 17.29 | -6.74 | -1.37 | 4.08 | -17.24 | -4.23 | 3.44 | -16.3 | -3.64 | 0.20 | -9.09 | 0.0 | 23.16 | -6.61 | -0.34 | 17.84 | -15.73 | -4.6 | 97.09 | 2.24 | -1.96 | 1.94 | -66.99 | 100.0 | 13.89 | 11.93 | 2.13 |
| 23Q4 (17) | 1.07 | 5.94 | -6.96 | 36.64 | -1.05 | -5.64 | 22.00 | -0.36 | -12.35 | 23.34 | 5.09 | -10.27 | 18.54 | 4.33 | -9.43 | 4.93 | 0.2 | -10.85 | 4.11 | 6.48 | -11.23 | 0.22 | 0.0 | -4.35 | 24.80 | 5.44 | -8.69 | 21.17 | 3.98 | 0.43 | 94.96 | -4.19 | -2.0 | 5.88 | 564.71 | 51.76 | 12.41 | -8.01 | 1.31 |
| 23Q3 (16) | 1.01 | 12.22 | -3.81 | 37.03 | 1.4 | -9.42 | 22.08 | 6.41 | -8.84 | 22.21 | 4.13 | -8.34 | 17.77 | 3.98 | -8.35 | 4.92 | 15.76 | -8.04 | 3.86 | 14.54 | -8.53 | 0.22 | 10.0 | 0.0 | 23.52 | 3.61 | -8.02 | 20.36 | -43.05 | 7.27 | 99.12 | 2.18 | -0.88 | 0.88 | -70.5 | 0 | 13.49 | -3.57 | 5.72 |
| 23Q2 (15) | 0.90 | -3.23 | 4.65 | 36.52 | -0.49 | -7.82 | 20.75 | -4.38 | -8.15 | 21.33 | -2.69 | -7.26 | 17.09 | -2.51 | -2.95 | 4.25 | -0.23 | 0.0 | 3.37 | -5.6 | 0.6 | 0.20 | 0.0 | 5.26 | 22.70 | -2.32 | -6.81 | 35.75 | 91.18 | -1.92 | 97.00 | -2.05 | -1.0 | 3.00 | 209.0 | 48.5 | 13.99 | 2.87 | -0.43 |
| 23Q1 (14) | 0.93 | -19.13 | 1.09 | 36.70 | -5.49 | -5.63 | 21.70 | -13.55 | -8.28 | 21.92 | -15.72 | -7.28 | 17.53 | -14.36 | -7.35 | 4.26 | -22.97 | -4.05 | 3.57 | -22.89 | -4.55 | 0.20 | -13.04 | 0.0 | 23.24 | -14.43 | -7.67 | 18.70 | -11.29 | -0.05 | 99.03 | 2.2 | -0.97 | 0.97 | -74.95 | 0 | 13.60 | 11.02 | -7.98 |
| 22Q4 (13) | 1.15 | 9.52 | 0.0 | 38.83 | -5.01 | -6.73 | 25.10 | 3.63 | -6.62 | 26.01 | 7.35 | -3.27 | 20.47 | 5.57 | -5.67 | 5.53 | 3.36 | -5.47 | 4.63 | 9.72 | -2.53 | 0.23 | 4.55 | 4.55 | 27.16 | 6.22 | -3.62 | 21.08 | 11.06 | 2.93 | 96.90 | -3.1 | -3.1 | 3.88 | 0 | 0 | 12.25 | -4.0 | -2.7 |
| 22Q3 (12) | 1.05 | 22.09 | 7.14 | 40.88 | 3.18 | -6.0 | 24.22 | 7.22 | -7.13 | 24.23 | 5.35 | -6.16 | 19.39 | 10.11 | -6.1 | 5.35 | 25.88 | 6.57 | 4.22 | 25.97 | 3.18 | 0.22 | 15.79 | 10.0 | 25.57 | 4.97 | -6.17 | 18.98 | -47.93 | -30.27 | 100.00 | 2.06 | -0.91 | 0.00 | -100.0 | 100.0 | 12.76 | -9.18 | -12.24 |
| 22Q2 (11) | 0.86 | -6.52 | -4.44 | 39.62 | 1.88 | 0.1 | 22.59 | -4.52 | 5.76 | 23.00 | -2.71 | 5.8 | 17.61 | -6.92 | 1.5 | 4.25 | -4.28 | 1.43 | 3.35 | -10.43 | -5.1 | 0.19 | -5.0 | -5.0 | 24.36 | -3.22 | 5.23 | 36.45 | 94.82 | 89.74 | 97.98 | -2.02 | -0.93 | 2.02 | 0 | -8.08 | 14.05 | -4.94 | -1.82 |
| 22Q1 (10) | 0.92 | -20.0 | 3.37 | 38.89 | -6.58 | 0.62 | 23.66 | -11.98 | 7.89 | 23.64 | -12.09 | 8.84 | 18.92 | -12.81 | 8.86 | 4.44 | -24.1 | 3.5 | 3.74 | -21.26 | 4.76 | 0.20 | -9.09 | 0.0 | 25.17 | -10.68 | 7.75 | 18.71 | -8.64 | -5.12 | 100.00 | 0.0 | -1.11 | 0.00 | 0 | 100.0 | 14.78 | 17.39 | 1.09 |
| 21Q4 (9) | 1.15 | 17.35 | 13.86 | 41.63 | -4.28 | 6.55 | 26.88 | 3.07 | 14.58 | 26.89 | 4.14 | 13.94 | 21.70 | 5.08 | 13.02 | 5.85 | 16.53 | 14.26 | 4.75 | 16.14 | 11.76 | 0.22 | 10.0 | 0.0 | 28.18 | 3.41 | 12.45 | 20.48 | -24.76 | -6.48 | 100.00 | -0.91 | 1.01 | 0.00 | 100.0 | -100.0 | 12.59 | -13.41 | -13.71 |
| 21Q3 (8) | 0.98 | 8.89 | -20.97 | 43.49 | 9.88 | 1.92 | 26.08 | 22.1 | -2.69 | 25.82 | 18.77 | -12.03 | 20.65 | 19.02 | -12.05 | 5.02 | 19.81 | -24.85 | 4.09 | 15.86 | -21.5 | 0.20 | 0.0 | -9.09 | 27.25 | 17.71 | -12.07 | 27.22 | 41.7 | 35.69 | 100.92 | 2.04 | 10.66 | -0.92 | -141.74 | -110.43 | 14.54 | 1.61 | 5.06 |
| 21Q2 (7) | 0.90 | 1.12 | -8.16 | 39.58 | 2.41 | -6.23 | 21.36 | -2.6 | -15.34 | 21.74 | 0.09 | -14.51 | 17.35 | -0.17 | -14.62 | 4.19 | -2.33 | -18.96 | 3.53 | -1.12 | -12.62 | 0.20 | 0.0 | 0.0 | 23.15 | -0.9 | -14.23 | 19.21 | -2.59 | -49.43 | 98.90 | -2.2 | -0.09 | 2.20 | 295.6 | 117.58 | 14.31 | -2.12 | -5.23 |
| 21Q1 (6) | 0.89 | -11.88 | -9.18 | 38.65 | -1.07 | -4.78 | 21.93 | -6.52 | -8.36 | 21.72 | -7.97 | -10.43 | 17.38 | -9.48 | -10.41 | 4.29 | -16.21 | -15.05 | 3.57 | -16.0 | -14.59 | 0.20 | -9.09 | -4.76 | 23.36 | -6.78 | -9.0 | 19.72 | -9.95 | -2.86 | 101.12 | 2.15 | 2.16 | -1.12 | -212.36 | -211.24 | 14.62 | 0.21 | 1.18 |
| 20Q4 (5) | 1.01 | -18.55 | 7.45 | 39.07 | -8.44 | 0.44 | 23.46 | -12.46 | 3.81 | 23.60 | -19.59 | 3.6 | 19.20 | -18.23 | 4.92 | 5.12 | -23.35 | 1.19 | 4.25 | -18.43 | 1.67 | 0.22 | 0.0 | -4.35 | 25.06 | -19.14 | 3.51 | 21.90 | 9.17 | -4.2 | 99.00 | 8.55 | 0.06 | 1.00 | -88.64 | -6.0 | 14.59 | 5.42 | 1.46 |
| 20Q3 (4) | 1.24 | 26.53 | 0.0 | 42.67 | 1.09 | 0.0 | 26.80 | 6.22 | 0.0 | 29.35 | 15.41 | 0.0 | 23.48 | 15.55 | 0.0 | 6.68 | 29.21 | 0.0 | 5.21 | 28.96 | 0.0 | 0.22 | 10.0 | 0.0 | 30.99 | 14.82 | 0.0 | 20.06 | -47.2 | 0.0 | 91.20 | -7.87 | 0.0 | 8.80 | 771.2 | 0.0 | 13.84 | -8.34 | 0.0 |
| 20Q2 (3) | 0.98 | 0.0 | 0.0 | 42.21 | 3.99 | 0.0 | 25.23 | 5.43 | 0.0 | 25.43 | 4.87 | 0.0 | 20.32 | 4.74 | 0.0 | 5.17 | 2.38 | 0.0 | 4.04 | -3.35 | 0.0 | 0.20 | -4.76 | 0.0 | 26.99 | 5.14 | 0.0 | 37.99 | 87.14 | 0.0 | 98.99 | 0.0 | 0.0 | 1.01 | 0.0 | 0.0 | 15.10 | 4.5 | 0.0 |
| 20Q1 (2) | 0.98 | 4.26 | 0.0 | 40.59 | 4.34 | 0.0 | 23.93 | 5.88 | 0.0 | 24.25 | 6.45 | 0.0 | 19.40 | 6.01 | 0.0 | 5.05 | -0.2 | 0.0 | 4.18 | 0.0 | 0.0 | 0.21 | -8.7 | 0.0 | 25.67 | 6.03 | 0.0 | 20.30 | -11.2 | 0.0 | 98.99 | 0.05 | 0.0 | 1.01 | -5.05 | 0.0 | 14.45 | 0.49 | 0.0 |
| 19Q4 (1) | 0.94 | 0.0 | 0.0 | 38.90 | 0.0 | 0.0 | 22.60 | 0.0 | 0.0 | 22.78 | 0.0 | 0.0 | 18.30 | 0.0 | 0.0 | 5.06 | 0.0 | 0.0 | 4.18 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 24.21 | 0.0 | 0.0 | 22.86 | 0.0 | 0.0 | 98.94 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 14.38 | 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) | 3.91 | -1.51 | 36.73 | -7.15 | 21.65 | -9.57 | 1.18 | -1.45 | 22.23 | -8.44 | 17.75 | -7.31 | 17.98 | -5.91 | 14.92 | -6.16 | 0.84 | 1.2 | 23.59 | -7.92 | 21.17 | 0.43 | 97.47 | -1.21 | 2.53 | 88.82 | 0.00 | 0 | 13.35 | -0.37 |
| 2022 (9) | 3.97 | 5.59 | 39.56 | -3.21 | 23.94 | -0.91 | 1.19 | -6.41 | 24.28 | 0.58 | 19.15 | -1.08 | 19.11 | -1.75 | 15.90 | -1.49 | 0.83 | 0.0 | 25.62 | 0.16 | 21.08 | 2.93 | 98.66 | -1.58 | 1.34 | 0 | 0.00 | 0 | 13.40 | -4.08 |
| 2021 (8) | 3.76 | -10.69 | 40.87 | -0.61 | 24.16 | -2.82 | 1.28 | -4.41 | 24.14 | -6.0 | 19.36 | -6.11 | 19.45 | -9.53 | 16.14 | -8.61 | 0.83 | -2.35 | 25.58 | -5.89 | 20.48 | -6.48 | 100.24 | 3.42 | 0.00 | 0 | 0.00 | 0 | 13.97 | -3.52 |
| 2020 (7) | 4.21 | 19.26 | 41.12 | 6.69 | 24.86 | 12.18 | 1.33 | 5.66 | 25.68 | 14.23 | 20.62 | 14.56 | 21.50 | 13.34 | 17.66 | 13.5 | 0.85 | -1.16 | 27.18 | 13.53 | 21.90 | -4.2 | 96.93 | -1.69 | 3.31 | 135.65 | 0.00 | 0 | 14.48 | 1.12 |
| 2019 (6) | 3.53 | 15.74 | 38.54 | 5.04 | 22.16 | 10.41 | 1.26 | -0.79 | 22.48 | 8.81 | 18.00 | 9.02 | 18.97 | 13.25 | 15.56 | 12.18 | 0.86 | 2.38 | 23.94 | 7.94 | 22.86 | 2.33 | 98.60 | 1.56 | 1.40 | -51.94 | 0.00 | 0 | 14.32 | 0.77 |
| 2018 (5) | 3.05 | -7.01 | 36.69 | -3.68 | 20.07 | -5.6 | 1.27 | -5.29 | 20.66 | -8.06 | 16.51 | -11.95 | 16.75 | -12.12 | 13.87 | -12.16 | 0.84 | 0.0 | 22.18 | -7.54 | 22.34 | 8.45 | 97.08 | 2.9 | 2.92 | -45.34 | 0.00 | 0 | 14.21 | -5.14 |
| 2017 (4) | 3.28 | 6.15 | 38.09 | 4.99 | 21.26 | 10.1 | 1.34 | 4.44 | 22.47 | 14.7 | 18.75 | 16.53 | 19.06 | 7.87 | 15.79 | 8.37 | 0.84 | -6.67 | 23.99 | 14.08 | 20.60 | -6.19 | 94.34 | -4.26 | 5.35 | 266.19 | 0.00 | 0 | 14.98 | 1.49 |
| 2016 (3) | 3.09 | 23.11 | 36.28 | 6.27 | 19.31 | 16.12 | 1.29 | -6.58 | 19.59 | 15.3 | 16.09 | 15.26 | 17.67 | 15.94 | 14.57 | 15.45 | 0.90 | 0.0 | 21.03 | 13.49 | 21.96 | 0.18 | 98.54 | 0.81 | 1.46 | -35.18 | 0.00 | 0 | 14.76 | -1.34 |
| 2015 (2) | 2.51 | 32.11 | 34.14 | 10.45 | 16.63 | 26.95 | 1.38 | -5.67 | 16.99 | 27.08 | 13.96 | 24.42 | 15.24 | 28.17 | 12.62 | 27.09 | 0.90 | 2.27 | 18.53 | 23.37 | 21.92 | 3.25 | 97.75 | 0.18 | 2.25 | 23.87 | 0.00 | 0 | 14.96 | 1.29 |
| 2014 (1) | 1.90 | 2.15 | 30.91 | 0 | 13.10 | 0 | 1.46 | 17.76 | 13.37 | 0 | 11.22 | 0 | 11.89 | 0 | 9.93 | 0 | 0.88 | -1.12 | 15.02 | -2.91 | 21.23 | 5.26 | 97.58 | -4.68 | 1.82 | 0 | 0.00 | 0 | 14.77 | -1.27 |
