- 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) | 1.08 | -6.09 | 54.29 | 24.59 | -3.68 | 31.85 | 10.02 | -12.72 | 46.71 | 10.69 | -18.02 | 32.14 | 8.57 | -15.82 | 30.84 | 4.60 | -16.21 | 25.0 | 2.41 | -9.4 | 26.18 | 0.27 | 3.85 | -3.57 | 12.79 | -15.8 | 25.52 | 90.60 | -9.87 | -9.03 | 94.06 | 6.72 | 11.02 | 5.94 | -49.93 | -61.12 | 14.09 | 3.37 | 14.83 |
| 24Q2 (19) | 1.15 | 85.48 | 85.48 | 25.53 | 11.53 | 4.03 | 11.48 | 60.11 | 43.5 | 13.04 | 57.49 | 37.84 | 10.18 | 63.4 | 42.18 | 5.49 | 103.33 | 70.5 | 2.66 | 104.62 | 58.33 | 0.26 | 30.0 | 13.04 | 15.19 | 40.0 | 25.95 | 100.52 | -16.62 | 4.5 | 88.14 | 1.69 | 4.16 | 11.86 | -11.02 | -22.88 | 13.63 | -8.46 | -15.45 |
| 24Q1 (18) | 0.62 | -62.42 | 47.62 | 22.89 | -20.88 | 2.78 | 7.17 | -47.24 | 56.89 | 8.28 | -43.37 | 35.29 | 6.23 | -43.92 | 29.25 | 2.70 | -67.19 | 35.68 | 1.30 | -67.98 | 21.5 | 0.20 | -44.44 | -4.76 | 10.85 | -32.73 | 13.73 | 120.56 | 10.14 | 18.57 | 86.67 | -6.67 | 15.56 | 13.33 | 86.67 | -46.67 | 14.89 | 33.18 | -8.26 |
| 23Q4 (17) | 1.65 | 135.71 | 24.06 | 28.93 | 55.12 | 13.36 | 13.59 | 98.98 | 18.38 | 14.62 | 80.72 | 21.73 | 11.11 | 69.62 | 7.86 | 8.23 | 123.64 | 17.91 | 4.06 | 112.57 | 13.09 | 0.36 | 28.57 | 5.88 | 16.13 | 58.29 | 15.79 | 109.46 | 9.91 | 15.05 | 92.86 | 9.6 | -2.61 | 7.14 | -53.25 | 53.57 | 11.18 | -8.88 | -9.47 |
| 23Q3 (16) | 0.70 | 12.9 | 6.06 | 18.65 | -24.0 | -16.55 | 6.83 | -14.62 | -6.18 | 8.09 | -14.48 | -1.1 | 6.55 | -8.52 | 1.71 | 3.68 | 14.29 | 11.85 | 1.91 | 13.69 | 13.02 | 0.28 | 21.74 | 12.0 | 10.19 | -15.51 | -6.43 | 99.59 | 3.53 | -2.8 | 84.72 | 0.13 | -4.49 | 15.28 | -0.69 | 35.32 | 12.27 | -23.88 | -17.32 |
| 23Q2 (15) | 0.62 | 47.62 | 40.91 | 24.54 | 10.19 | 13.4 | 8.00 | 75.05 | 90.48 | 9.46 | 54.58 | 58.46 | 7.16 | 48.55 | 48.86 | 3.22 | 61.81 | 56.31 | 1.68 | 57.01 | 46.09 | 0.23 | 9.52 | 0.0 | 12.06 | 26.42 | 33.11 | 96.19 | -5.4 | -4.29 | 84.62 | 12.82 | 22.22 | 15.38 | -38.46 | -50.0 | 16.12 | -0.68 | -5.01 |
| 23Q1 (14) | 0.42 | -68.42 | 75.0 | 22.27 | -12.74 | 1.6 | 4.57 | -60.19 | 32.85 | 6.12 | -49.04 | 52.24 | 4.82 | -53.2 | 70.32 | 1.99 | -71.49 | 97.03 | 1.07 | -70.19 | 81.36 | 0.21 | -38.24 | 5.0 | 9.54 | -31.51 | 25.2 | 101.68 | 6.87 | 34.04 | 75.00 | -21.34 | -13.16 | 25.00 | 437.5 | 83.33 | 16.23 | 31.42 | -9.43 |
| 22Q4 (13) | 1.33 | 101.52 | 82.19 | 25.52 | 14.18 | 4.93 | 11.48 | 57.69 | 38.48 | 12.01 | 46.82 | 31.4 | 10.30 | 59.94 | 38.07 | 6.98 | 112.16 | 88.14 | 3.59 | 112.43 | 75.12 | 0.34 | 36.0 | 25.93 | 13.93 | 27.92 | 17.95 | 95.14 | -7.14 | 8.59 | 95.35 | 7.48 | 4.58 | 4.65 | -58.8 | -47.29 | 12.35 | -16.78 | -15.87 |
| 22Q3 (12) | 0.66 | 50.0 | 50.0 | 22.35 | 3.28 | 3.52 | 7.28 | 73.33 | 20.73 | 8.18 | 37.02 | 23.75 | 6.44 | 33.89 | 27.52 | 3.29 | 59.71 | 46.87 | 1.69 | 46.96 | 27.07 | 0.25 | 8.7 | 0.0 | 10.89 | 20.2 | 15.24 | 102.46 | 1.95 | 25.55 | 88.71 | 28.14 | -2.64 | 11.29 | -63.31 | 27.02 | 14.84 | -12.55 | -3.2 |
| 22Q2 (11) | 0.44 | 83.33 | -2.22 | 21.64 | -1.28 | -10.73 | 4.20 | 22.09 | -42.93 | 5.97 | 48.51 | -28.76 | 4.81 | 69.96 | -21.41 | 2.06 | 103.96 | -10.04 | 1.15 | 94.92 | -17.27 | 0.23 | 15.0 | 4.55 | 9.06 | 18.9 | -21.63 | 100.50 | 32.48 | 45.15 | 69.23 | -19.84 | -21.11 | 30.77 | 125.64 | 151.28 | 16.97 | -5.3 | -4.82 |
| 22Q1 (10) | 0.24 | -67.12 | -33.33 | 21.92 | -9.87 | -12.18 | 3.44 | -58.5 | -39.54 | 4.02 | -56.02 | -36.79 | 2.83 | -62.06 | -41.04 | 1.01 | -72.78 | -38.04 | 0.59 | -71.22 | -39.8 | 0.20 | -25.93 | 0.0 | 7.62 | -35.48 | -24.63 | 75.86 | -13.41 | 10.21 | 86.36 | -5.28 | -5.0 | 13.64 | 54.55 | 50.0 | 17.92 | 22.07 | -0.28 |
| 21Q4 (9) | 0.73 | 65.91 | -25.51 | 24.32 | 12.64 | -11.5 | 8.29 | 37.48 | -29.63 | 9.14 | 38.28 | -21.61 | 7.46 | 47.72 | -23.09 | 3.71 | 65.62 | -30.13 | 2.05 | 54.14 | -31.89 | 0.27 | 8.0 | -10.0 | 11.81 | 24.97 | -16.0 | 87.61 | 7.35 | 12.65 | 91.18 | 0.07 | -9.77 | 8.82 | -0.74 | 938.24 | 14.68 | -4.24 | 13.1 |
| 21Q3 (8) | 0.44 | -2.22 | 37.5 | 21.59 | -10.93 | -5.56 | 6.03 | -18.07 | 12.92 | 6.61 | -21.12 | 15.76 | 5.05 | -17.48 | 19.39 | 2.24 | -2.18 | 35.76 | 1.33 | -4.32 | 43.01 | 0.25 | 13.64 | 19.05 | 9.45 | -18.25 | 1.72 | 81.61 | 17.87 | -0.35 | 91.11 | 3.82 | -2.81 | 8.89 | -27.41 | 42.22 | 15.33 | -14.02 | -14.17 |
| 21Q2 (7) | 0.45 | 25.0 | -60.53 | 24.24 | -2.88 | -13.4 | 7.36 | 29.35 | -45.52 | 8.38 | 31.76 | -42.76 | 6.12 | 27.5 | -48.44 | 2.29 | 40.49 | -63.06 | 1.39 | 41.84 | -59.0 | 0.22 | 10.0 | -21.43 | 11.56 | 14.34 | -32.95 | 69.24 | 0.6 | -26.69 | 87.76 | -3.47 | -5.36 | 12.24 | 34.69 | 49.66 | 17.83 | -0.78 | 0 |
| 21Q1 (6) | 0.36 | -63.27 | 28.57 | 24.96 | -9.17 | -0.6 | 5.69 | -51.7 | 107.66 | 6.36 | -45.45 | 31.4 | 4.80 | -50.52 | 32.23 | 1.63 | -69.3 | 36.97 | 0.98 | -67.44 | 34.25 | 0.20 | -33.33 | 11.11 | 10.11 | -28.09 | 11.96 | 68.83 | -11.5 | -12.71 | 90.91 | -10.04 | 60.84 | 9.09 | 963.64 | -79.09 | 17.97 | 38.44 | 0 |
| 20Q4 (5) | 0.98 | 206.25 | -5.77 | 27.48 | 20.21 | -11.1 | 11.78 | 120.6 | -1.17 | 11.66 | 104.2 | -8.12 | 9.70 | 129.31 | -1.42 | 5.31 | 221.82 | -10.46 | 3.01 | 223.66 | -11.21 | 0.30 | 42.86 | -11.76 | 14.06 | 51.35 | -5.45 | 77.77 | -5.04 | -3.28 | 101.05 | 7.79 | 7.0 | -1.05 | -116.84 | -116.24 | 12.98 | -27.32 | 0 |
| 20Q3 (4) | 0.32 | -71.93 | 0.0 | 22.86 | -18.33 | 0.0 | 5.34 | -60.47 | 0.0 | 5.71 | -61.0 | 0.0 | 4.23 | -64.36 | 0.0 | 1.65 | -73.39 | 0.0 | 0.93 | -72.57 | 0.0 | 0.21 | -25.0 | 0.0 | 9.29 | -46.11 | 0.0 | 81.90 | -13.29 | 0.0 | 93.75 | 1.1 | 0.0 | 6.25 | -23.61 | 0.0 | 17.86 | 0 | 0.0 |
| 20Q2 (3) | 1.14 | 307.14 | 0.0 | 27.99 | 11.47 | 0.0 | 13.51 | 393.07 | 0.0 | 14.64 | 202.48 | 0.0 | 11.87 | 227.0 | 0.0 | 6.20 | 421.01 | 0.0 | 3.39 | 364.38 | 0.0 | 0.28 | 55.56 | 0.0 | 17.24 | 90.92 | 0.0 | 94.45 | 19.78 | 0.0 | 92.73 | 64.06 | 0.0 | 8.18 | -81.18 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.28 | -73.08 | 0.0 | 25.11 | -18.76 | 0.0 | 2.74 | -77.01 | 0.0 | 4.84 | -61.86 | 0.0 | 3.63 | -63.11 | 0.0 | 1.19 | -79.93 | 0.0 | 0.73 | -78.47 | 0.0 | 0.18 | -47.06 | 0.0 | 9.03 | -39.27 | 0.0 | 78.85 | -1.94 | 0.0 | 56.52 | -40.15 | 0.0 | 43.48 | 570.81 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.04 | 0.0 | 0.0 | 30.91 | 0.0 | 0.0 | 11.92 | 0.0 | 0.0 | 12.69 | 0.0 | 0.0 | 9.84 | 0.0 | 0.0 | 5.93 | 0.0 | 0.0 | 3.39 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 14.87 | 0.0 | 0.0 | 80.41 | 0.0 | 0.0 | 94.44 | 0.0 | 0.0 | 6.48 | 0.0 | 0.0 | 0.00 | 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) | 3.39 | 26.49 | 24.18 | 4.04 | 9.06 | 22.43 | 1.90 | -16.56 | 10.33 | 24.46 | 7.98 | 17.35 | 16.44 | 26.17 | 8.32 | 18.52 | 1.02 | 2.0 | 12.57 | 14.48 | 109.46 | 15.05 | 87.74 | -1.29 | 12.26 | 14.39 | 0.19 | -31.93 | 13.38 | -10.68 |
| 2022 (9) | 2.68 | 35.35 | 23.24 | -1.94 | 7.40 | 6.78 | 2.27 | -13.96 | 8.30 | 7.65 | 6.80 | 14.09 | 13.03 | 32.42 | 7.02 | 26.26 | 1.00 | 11.11 | 10.98 | 2.33 | 95.14 | 8.59 | 88.89 | -1.52 | 10.71 | 4.46 | 0.28 | -26.44 | 14.98 | -7.87 |
| 2021 (8) | 1.98 | -27.21 | 23.70 | -9.54 | 6.93 | -25.08 | 2.64 | 2.88 | 7.71 | -22.9 | 5.96 | -25.96 | 9.84 | -29.91 | 5.56 | -31.27 | 0.90 | -7.22 | 10.73 | -17.71 | 87.61 | 12.65 | 90.26 | -2.25 | 10.26 | 33.85 | 0.38 | -19.48 | 16.26 | 4.7 |
| 2020 (7) | 2.72 | 27.1 | 26.20 | -0.04 | 9.25 | 26.89 | 2.57 | 1.21 | 10.00 | 27.71 | 8.05 | 33.28 | 14.04 | 26.83 | 8.09 | 24.65 | 0.97 | -5.83 | 13.04 | 21.3 | 77.77 | -3.28 | 92.34 | -0.56 | 7.66 | 14.94 | 0.48 | 107.62 | 15.53 | -1.21 |
| 2019 (6) | 2.14 | -23.84 | 26.21 | 12.2 | 7.29 | -18.18 | 2.54 | 45.27 | 7.83 | -15.9 | 6.04 | -16.34 | 11.07 | -25.55 | 6.49 | -25.91 | 1.03 | -14.17 | 10.75 | -4.53 | 80.41 | 5.57 | 92.86 | -2.94 | 6.67 | 53.89 | 0.23 | 196.9 | 15.72 | 18.82 |
| 2018 (5) | 2.81 | 12.4 | 23.36 | -6.26 | 8.91 | -2.09 | 1.75 | -9.51 | 9.31 | -0.96 | 7.22 | -0.82 | 14.87 | 7.68 | 8.76 | 5.54 | 1.20 | 7.14 | 11.26 | -2.26 | 76.17 | 11.39 | 95.67 | -1.21 | 4.33 | 37.0 | 0.08 | 0 | 13.23 | -6.04 |
| 2017 (4) | 2.50 | -16.94 | 24.92 | -5.68 | 9.10 | -16.67 | 1.93 | -2.39 | 9.40 | -17.98 | 7.28 | -21.38 | 13.81 | -19.05 | 8.30 | -20.88 | 1.12 | 0.0 | 11.52 | -15.67 | 68.38 | -0.97 | 96.84 | 1.66 | 3.16 | -33.37 | 0.00 | 0 | 14.08 | -4.99 |
| 2016 (3) | 3.01 | 23.87 | 26.42 | 6.36 | 10.92 | 14.23 | 1.98 | -7.58 | 11.46 | 19.0 | 9.26 | 19.33 | 17.06 | 20.48 | 10.49 | 16.69 | 1.12 | -1.75 | 13.66 | 13.46 | 69.05 | 15.66 | 95.25 | -4.34 | 4.75 | 464.75 | 0.00 | 0 | 14.82 | 2.63 |
| 2015 (2) | 2.43 | 3.85 | 24.84 | -0.2 | 9.56 | 3.58 | 2.14 | 1.59 | 9.63 | 6.41 | 7.76 | 5.43 | 14.16 | 1.14 | 8.99 | 4.17 | 1.14 | -0.87 | 12.04 | 5.71 | 59.70 | -2.55 | 99.58 | -2.6 | 0.84 | 0 | 0.00 | 0 | 14.44 | -3.73 |
| 2014 (1) | 2.34 | 8.84 | 24.89 | 0 | 9.23 | 0 | 2.11 | -11.59 | 9.05 | 0 | 7.36 | 0 | 14.00 | 0 | 8.63 | 0 | 1.15 | 7.48 | 11.39 | -5.87 | 61.26 | -12.36 | 102.24 | -1.6 | -1.79 | 0 | 0.00 | 0 | 15.00 | -2.34 |
