- 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) | 1.70 | 6.25 | 4.29 | 17.10 | -1.33 | 4.78 | 5.20 | 0.78 | -2.07 | 6.53 | 1.24 | 3.32 | 5.23 | 1.36 | 2.95 | 4.18 | 5.29 | -3.69 | 1.71 | 3.01 | 0.59 | 0.32 | 3.23 | 0.0 | 9.24 | -1.49 | -3.55 | 148.86 | -5.6 | -3.32 | 79.54 | -0.72 | -5.41 | 20.46 | 2.4 | 28.58 | 15.20 | -1.55 | 8.73 |
| 24Q2 (19) | 1.60 | 25.0 | 3.23 | 17.33 | 8.72 | 8.65 | 5.16 | 20.0 | 3.41 | 6.45 | 16.22 | 8.4 | 5.16 | 16.22 | 7.72 | 3.97 | 29.32 | -5.48 | 1.66 | 25.76 | -1.19 | 0.31 | 6.9 | -8.82 | 9.38 | 5.16 | 2.18 | 157.69 | 13.47 | -12.87 | 80.12 | 3.32 | -4.37 | 19.98 | -11.03 | 23.23 | 15.44 | 3.69 | 7.67 |
| 24Q1 (18) | 1.28 | 17.43 | 4.07 | 15.94 | -1.12 | 6.76 | 4.30 | 12.57 | 10.26 | 5.55 | 28.77 | 14.43 | 4.44 | 26.86 | 13.55 | 3.07 | 19.46 | 0.0 | 1.32 | 23.36 | 2.33 | 0.29 | 0.0 | -6.45 | 8.92 | 12.34 | 6.32 | 138.97 | -3.35 | -2.15 | 77.54 | -12.31 | -3.48 | 22.46 | 94.09 | 13.4 | 14.89 | -5.28 | 5.45 |
| 23Q4 (17) | 1.09 | -33.13 | -18.66 | 16.12 | -1.23 | 7.47 | 3.82 | -28.06 | -6.6 | 4.31 | -31.8 | 1.65 | 3.50 | -31.1 | 4.17 | 2.57 | -40.78 | -26.36 | 1.07 | -37.06 | -20.74 | 0.29 | -9.38 | -21.62 | 7.94 | -17.12 | 11.36 | 143.78 | -6.62 | -9.21 | 88.43 | 5.16 | -8.33 | 11.57 | -27.28 | 227.69 | 15.72 | 12.45 | 18.91 |
| 23Q3 (16) | 1.63 | 5.16 | -16.41 | 16.32 | 2.32 | 14.77 | 5.31 | 6.41 | 13.46 | 6.32 | 6.22 | 18.57 | 5.08 | 6.05 | 20.67 | 4.34 | 3.33 | -20.95 | 1.70 | 1.19 | -10.05 | 0.32 | -5.88 | -23.81 | 9.58 | 4.36 | 21.88 | 153.97 | -14.93 | -23.4 | 84.09 | 0.36 | -4.34 | 15.91 | -1.86 | 31.49 | 13.98 | -2.51 | 16.99 |
| 23Q2 (15) | 1.55 | 26.02 | -1.9 | 15.95 | 6.83 | 17.8 | 4.99 | 27.95 | 9.91 | 5.95 | 22.68 | 25.79 | 4.79 | 22.51 | 28.42 | 4.20 | 36.81 | -5.41 | 1.68 | 30.23 | 15.07 | 0.34 | 9.68 | -8.11 | 9.18 | 9.42 | 23.89 | 180.99 | 27.44 | -20.56 | 83.79 | 4.29 | -12.66 | 16.21 | -18.13 | 309.17 | 14.34 | 1.56 | 21.32 |
| 23Q1 (14) | 1.23 | -8.21 | 0.0 | 14.93 | -0.47 | 18.68 | 3.90 | -4.65 | 14.04 | 4.85 | 14.39 | 26.3 | 3.91 | 16.37 | 29.04 | 3.07 | -12.03 | -3.76 | 1.29 | -4.44 | 16.22 | 0.31 | -16.22 | -8.82 | 8.39 | 17.67 | 23.75 | 142.02 | -10.32 | -36.23 | 80.34 | -16.72 | -9.96 | 19.80 | 460.86 | 83.85 | 14.12 | 6.81 | 12.24 |
| 22Q4 (13) | 1.34 | -31.28 | 17.54 | 15.00 | 5.49 | 15.03 | 4.09 | -12.61 | 0.99 | 4.24 | -20.45 | 17.78 | 3.36 | -20.19 | 18.31 | 3.49 | -36.43 | -2.79 | 1.35 | -28.57 | 12.5 | 0.37 | -11.9 | -5.13 | 7.13 | -9.29 | 15.93 | 158.36 | -21.21 | -21.17 | 96.47 | 9.75 | -14.29 | 3.53 | -70.82 | 128.13 | 13.22 | 10.63 | 10.07 |
| 22Q3 (12) | 1.95 | 23.42 | 30.0 | 14.22 | 5.02 | 5.41 | 4.68 | 3.08 | 11.96 | 5.33 | 12.68 | 8.33 | 4.21 | 12.87 | 8.51 | 5.49 | 23.65 | 23.09 | 1.89 | 29.45 | 41.04 | 0.42 | 13.51 | 27.27 | 7.86 | 6.07 | 0.0 | 201.00 | -11.78 | -17.23 | 87.90 | -8.37 | 3.38 | 12.10 | 205.39 | -19.2 | 11.95 | 1.1 | -3.94 |
| 22Q2 (11) | 1.58 | 28.46 | 15.33 | 13.54 | 7.63 | 1.65 | 4.54 | 32.75 | 13.5 | 4.73 | 23.18 | -2.07 | 3.73 | 23.1 | -2.1 | 4.44 | 39.18 | 9.63 | 1.46 | 31.53 | 16.8 | 0.37 | 8.82 | 19.35 | 7.41 | 9.29 | -8.06 | 227.83 | 2.29 | -10.85 | 95.93 | 7.51 | 15.91 | 3.96 | -63.21 | -77.01 | 11.82 | -6.04 | -4.98 |
| 22Q1 (10) | 1.23 | 7.89 | 8.85 | 12.58 | -3.53 | 0.48 | 3.42 | -15.56 | -0.87 | 3.84 | 6.67 | 3.78 | 3.03 | 6.69 | 3.77 | 3.19 | -11.14 | 0.0 | 1.11 | -7.5 | 4.72 | 0.34 | -12.82 | 0.0 | 6.78 | 10.24 | -2.02 | 222.72 | 10.87 | -3.29 | 89.23 | -20.72 | -4.44 | 10.77 | 185.82 | 62.6 | 12.58 | 4.75 | 2.78 |
| 21Q4 (9) | 1.14 | -24.0 | 39.02 | 13.04 | -3.34 | 11.36 | 4.05 | -3.11 | -0.98 | 3.60 | -26.83 | 28.57 | 2.84 | -26.8 | 26.79 | 3.59 | -19.51 | 24.22 | 1.20 | -10.45 | 26.32 | 0.39 | 18.18 | -2.5 | 6.15 | -21.76 | 6.96 | 200.89 | -17.27 | -2.1 | 112.55 | 32.38 | -23.14 | -12.55 | -183.8 | 72.97 | 12.01 | -3.46 | 11.2 |
| 21Q3 (8) | 1.50 | 9.49 | -13.29 | 13.49 | 1.28 | 3.93 | 4.18 | 4.5 | -11.81 | 4.92 | 1.86 | -12.46 | 3.88 | 1.84 | -11.42 | 4.46 | 10.12 | -23.24 | 1.34 | 7.2 | -24.72 | 0.33 | 6.45 | -15.38 | 7.86 | -2.48 | -9.97 | 242.84 | -4.98 | 1.35 | 85.02 | 2.73 | 0.87 | 14.98 | -13.09 | -5.24 | 12.44 | 0.0 | 2.47 |
| 21Q2 (7) | 1.37 | 21.24 | 21.24 | 13.32 | 6.39 | 17.56 | 4.00 | 15.94 | 63.27 | 4.83 | 30.54 | 30.19 | 3.81 | 30.48 | 31.83 | 4.05 | 26.96 | 21.99 | 1.25 | 17.92 | 17.92 | 0.31 | -8.82 | -6.06 | 8.06 | 16.47 | 8.92 | 255.56 | 10.97 | 7.95 | 82.77 | -11.36 | 25.19 | 17.23 | 160.13 | -49.15 | 12.44 | 1.63 | -5.54 |
| 21Q1 (6) | 1.13 | 37.8 | 82.26 | 12.52 | 6.92 | 10.99 | 3.45 | -15.65 | 126.97 | 3.70 | 32.14 | 88.78 | 2.92 | 30.36 | 90.85 | 3.19 | 10.38 | 123.08 | 1.06 | 11.58 | 116.33 | 0.34 | -15.0 | 30.77 | 6.92 | 20.35 | 2.22 | 230.30 | 12.23 | -7.95 | 93.38 | -36.23 | 21.16 | 6.62 | 114.27 | -70.63 | 12.24 | 13.33 | -6.92 |
| 20Q4 (5) | 0.82 | -52.6 | -39.26 | 11.71 | -9.78 | -0.26 | 4.09 | -13.71 | 9.65 | 2.80 | -50.18 | -20.68 | 2.24 | -48.86 | -18.55 | 2.89 | -50.26 | -40.17 | 0.95 | -46.63 | -29.1 | 0.40 | 2.56 | -13.04 | 5.75 | -34.14 | -3.2 | 205.20 | -14.36 | -22.98 | 146.44 | 73.73 | 38.28 | -46.44 | -393.81 | -687.61 | 10.80 | -11.04 | -7.14 |
| 20Q3 (4) | 1.73 | 53.1 | 0.0 | 12.98 | 14.56 | 0.0 | 4.74 | 93.47 | 0.0 | 5.62 | 51.48 | 0.0 | 4.38 | 51.56 | 0.0 | 5.81 | 75.0 | 0.0 | 1.78 | 67.92 | 0.0 | 0.39 | 18.18 | 0.0 | 8.73 | 17.97 | 0.0 | 239.60 | 1.21 | 0.0 | 84.29 | 27.49 | 0.0 | 15.80 | -53.36 | 0.0 | 12.14 | -7.82 | 0.0 |
| 20Q2 (3) | 1.13 | 82.26 | 0.0 | 11.33 | 0.44 | 0.0 | 2.45 | 61.18 | 0.0 | 3.71 | 89.29 | 0.0 | 2.89 | 88.89 | 0.0 | 3.32 | 132.17 | 0.0 | 1.06 | 116.33 | 0.0 | 0.33 | 26.92 | 0.0 | 7.40 | 9.31 | 0.0 | 236.73 | -5.38 | 0.0 | 66.11 | -14.21 | 0.0 | 33.89 | 50.23 | 0.0 | 13.17 | 0.15 | 0.0 |
| 20Q1 (2) | 0.62 | -54.07 | 0.0 | 11.28 | -3.92 | 0.0 | 1.52 | -59.25 | 0.0 | 1.96 | -44.48 | 0.0 | 1.53 | -44.36 | 0.0 | 1.43 | -70.39 | 0.0 | 0.49 | -63.43 | 0.0 | 0.26 | -43.48 | 0.0 | 6.77 | 13.97 | 0.0 | 250.20 | -6.09 | 0.0 | 77.07 | -27.22 | 0.0 | 22.56 | 482.59 | 0.0 | 13.15 | 13.07 | 0.0 |
| 19Q4 (1) | 1.35 | 0.0 | 0.0 | 11.74 | 0.0 | 0.0 | 3.73 | 0.0 | 0.0 | 3.53 | 0.0 | 0.0 | 2.75 | 0.0 | 0.0 | 4.83 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 5.94 | 0.0 | 0.0 | 266.43 | 0.0 | 0.0 | 105.90 | 0.0 | 0.0 | -5.90 | 0.0 | 0.0 | 11.63 | 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) | 5.50 | -9.84 | 15.84 | 14.29 | 4.53 | 7.35 | 2.83 | 35.03 | 5.40 | 17.9 | 4.35 | 20.17 | 14.09 | -14.71 | 5.87 | -8.42 | 1.29 | -21.34 | 8.81 | 20.19 | 143.78 | -9.21 | 83.99 | -8.88 | 16.01 | 104.62 | 4.33 | -4.0 | 14.51 | 17.39 |
| 2022 (9) | 6.10 | 18.91 | 13.86 | 5.88 | 4.22 | 7.38 | 2.09 | -12.84 | 4.58 | 8.27 | 3.62 | 8.38 | 16.52 | 10.28 | 6.41 | 22.1 | 1.64 | 10.81 | 7.33 | 1.95 | 158.36 | -21.17 | 92.17 | -0.72 | 7.83 | 9.27 | 4.51 | -1.21 | 12.36 | 0.73 |
| 2021 (8) | 5.13 | 19.3 | 13.09 | 10.09 | 3.93 | 16.62 | 2.40 | -18.5 | 4.23 | 16.53 | 3.34 | 17.19 | 14.98 | 15.59 | 5.25 | 26.2 | 1.48 | 8.82 | 7.19 | 0.28 | 200.89 | -2.1 | 92.84 | 0.02 | 7.16 | -0.86 | 4.56 | -8.98 | 12.27 | 0.57 |
| 2020 (7) | 4.30 | -10.42 | 11.89 | 1.71 | 3.37 | -1.75 | 2.95 | 25.42 | 3.63 | 0.55 | 2.85 | 1.42 | 12.96 | -15.62 | 4.16 | -17.62 | 1.36 | -18.56 | 7.17 | 8.8 | 205.20 | -22.98 | 92.82 | -2.11 | 7.22 | 39.4 | 5.01 | 6.5 | 12.20 | -2.94 |
| 2019 (6) | 4.80 | 16.5 | 11.69 | -2.75 | 3.43 | 14.33 | 2.35 | 15.48 | 3.61 | -1.1 | 2.81 | -4.75 | 15.36 | 12.2 | 5.05 | 4.77 | 1.67 | 4.37 | 6.59 | 6.12 | 266.43 | 41.48 | 94.82 | 15.36 | 5.18 | -70.97 | 4.71 | -54.5 | 12.57 | 4.23 |
| 2018 (5) | 4.12 | -11.78 | 12.02 | -2.36 | 3.00 | -17.13 | 2.03 | -5.99 | 3.65 | -22.17 | 2.95 | -17.37 | 13.69 | -20.41 | 4.82 | -17.89 | 1.60 | -1.23 | 6.21 | -14.23 | 188.32 | -1.4 | 82.19 | 6.4 | 17.85 | -21.54 | 10.34 | 0 | 12.06 | 3.7 |
| 2017 (4) | 4.67 | 6.14 | 12.31 | 8.94 | 3.62 | -1.9 | 2.16 | -3.9 | 4.69 | 9.07 | 3.57 | 12.26 | 17.20 | 8.93 | 5.87 | 12.24 | 1.62 | -0.61 | 7.24 | 3.43 | 190.99 | -5.99 | 77.25 | -10.02 | 22.75 | 60.84 | 0.00 | 0 | 11.63 | 4.12 |
| 2016 (3) | 4.40 | 8.37 | 11.30 | 3.76 | 3.69 | 11.48 | 2.25 | 15.7 | 4.30 | 14.06 | 3.18 | 14.8 | 15.79 | 0.89 | 5.23 | -2.43 | 1.63 | -9.44 | 7.00 | 11.82 | 203.17 | -8.93 | 85.85 | -2.07 | 14.15 | 14.7 | 0.00 | 0 | 11.17 | -7.15 |
| 2015 (2) | 4.06 | 13.73 | 10.89 | -8.49 | 3.31 | -5.43 | 1.95 | -0.17 | 3.77 | -3.83 | 2.77 | -10.06 | 15.65 | -13.2 | 5.36 | -21.41 | 1.80 | -9.55 | 6.26 | -5.58 | 223.09 | 11.02 | 87.67 | -1.89 | 12.33 | 15.86 | 0.00 | 0 | 12.03 | 3.8 |
| 2014 (1) | 3.57 | 130.32 | 11.90 | 0 | 3.50 | 0 | 1.95 | -20.17 | 3.92 | 0 | 3.08 | 0 | 18.03 | 0 | 6.82 | 0 | 1.99 | -1.97 | 6.63 | 37.27 | 200.95 | 7.87 | 89.36 | 17.3 | 10.64 | -55.11 | 0.00 | 0 | 11.59 | 13.29 |
