- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 1.71 | -10.0 | 0.0 | 38.84 | 2.67 | -2.56 | 20.66 | 1.97 | -10.17 | 22.35 | 38.22 | -5.46 | 17.81 | -3.1 | -15.19 | 5.52 | 46.42 | 5.75 | 2.81 | 29.49 | 23.79 | 0.16 | -15.79 | 33.33 | 22.98 | 37.36 | -8.37 | 110.79 | 33.37 | -20.88 | 92.99 | -25.36 | -4.41 | 7.64 | 130.08 | 180.89 | 28.39 | 7.91 | 2.27 |
| 23Q4 (19) | 1.90 | -17.39 | -19.83 | 37.83 | -8.31 | -17.0 | 20.26 | -18.63 | -29.01 | 16.17 | -42.66 | -44.77 | 18.38 | -20.02 | -34.22 | 3.77 | -52.34 | -45.99 | 2.17 | -50.46 | -29.77 | 0.19 | 0.0 | 46.15 | 16.73 | -41.89 | -45.86 | 83.07 | 29.19 | -31.66 | 124.59 | 41.11 | 27.85 | -25.41 | -317.04 | -1096.07 | 26.31 | 3.79 | 8.72 |
| 23Q3 (18) | 2.30 | -6.88 | 26.37 | 41.26 | 2.84 | 2.13 | 24.90 | 14.75 | 17.07 | 28.20 | -7.63 | 14.17 | 22.98 | -18.86 | 5.9 | 7.91 | -2.71 | 30.74 | 4.38 | 18.38 | 67.82 | 0.19 | 26.67 | 46.15 | 28.79 | -8.83 | 9.26 | 64.30 | -34.43 | -50.52 | 88.29 | 24.47 | 2.79 | 11.71 | -59.72 | -16.98 | 25.35 | -7.38 | -14.16 |
| 23Q2 (17) | 2.47 | 44.44 | 75.18 | 40.12 | 0.65 | -45.64 | 21.70 | -5.65 | -49.72 | 30.53 | 29.15 | -33.47 | 28.32 | 34.86 | -40.33 | 8.13 | 55.75 | 97.33 | 3.70 | 63.0 | 116.37 | 0.15 | 25.0 | 200.0 | 31.58 | 25.92 | -37.12 | 98.07 | -29.96 | -26.69 | 70.94 | -27.08 | -24.76 | 29.06 | 968.1 | 408.62 | 27.37 | -1.4 | -33.73 |
| 23Q1 (16) | 1.71 | -27.85 | 22.14 | 39.86 | -12.55 | 51.85 | 23.00 | -19.41 | 94.26 | 23.64 | -19.26 | 82.69 | 21.00 | -24.84 | 104.08 | 5.22 | -25.21 | 5.24 | 2.27 | -26.54 | 6.57 | 0.12 | -7.69 | -42.86 | 25.08 | -18.83 | 77.37 | 140.02 | 15.19 | -2.97 | 97.28 | -0.17 | 6.75 | 2.72 | 6.67 | -69.33 | 27.76 | 14.71 | 15.23 |
| 22Q4 (15) | 2.37 | 30.22 | 30.22 | 45.58 | 12.82 | 63.37 | 28.54 | 34.18 | 103.86 | 29.28 | 18.54 | 93.65 | 27.94 | 28.76 | 128.08 | 6.98 | 15.37 | 0.14 | 3.09 | 18.39 | 6.19 | 0.13 | 0.0 | -45.83 | 30.90 | 17.27 | 90.51 | 121.56 | -6.46 | -3.17 | 97.45 | 13.45 | 5.57 | 2.55 | -81.91 | -64.07 | 24.20 | -18.05 | 16.07 |
| 22Q3 (14) | 1.82 | 29.08 | -11.22 | 40.40 | -45.26 | 38.78 | 21.27 | -50.72 | 28.83 | 24.70 | -46.18 | 41.63 | 21.70 | -54.28 | 57.82 | 6.05 | 46.84 | -25.03 | 2.61 | 52.63 | -11.82 | 0.13 | 160.0 | -38.1 | 26.35 | -47.53 | 40.83 | 129.96 | -2.86 | -18.07 | 85.90 | -8.9 | -9.19 | 14.10 | 146.79 | 160.9 | 29.53 | -28.5 | 38.83 |
| 22Q2 (13) | 1.41 | 0.71 | 20.51 | 73.80 | 181.14 | 223.26 | 43.16 | 264.53 | 339.96 | 45.89 | 254.64 | 392.38 | 47.46 | 361.22 | 542.22 | 4.12 | -16.94 | -9.05 | 1.71 | -19.72 | 9.62 | 0.05 | -76.19 | -76.19 | 50.22 | 255.16 | 372.44 | 133.78 | -7.29 | -31.11 | 94.29 | 3.46 | -10.34 | 5.71 | -35.58 | 210.86 | 41.30 | 71.44 | 67.89 |
| 22Q1 (12) | 1.40 | -23.08 | 34.62 | 26.25 | -5.91 | 11.56 | 11.84 | -15.43 | 25.42 | 12.94 | -14.42 | 31.37 | 10.29 | -16.0 | 30.75 | 4.96 | -28.84 | 21.87 | 2.13 | -26.8 | 52.14 | 0.21 | -12.5 | 23.53 | 14.14 | -12.82 | 23.71 | 144.30 | 14.94 | -28.93 | 91.13 | -1.28 | -5.54 | 8.87 | 24.93 | 88.51 | 24.09 | 15.54 | 23.54 |
| 21Q4 (11) | 1.82 | -11.22 | -10.34 | 27.90 | -4.16 | 9.8 | 14.00 | -15.2 | 18.64 | 15.12 | -13.3 | -13.1 | 12.25 | -10.91 | -13.12 | 6.97 | -13.63 | -20.62 | 2.91 | -1.69 | -14.66 | 0.24 | 14.29 | 0.0 | 16.22 | -13.31 | -11.27 | 125.54 | -20.85 | -34.9 | 92.31 | -2.42 | 35.65 | 7.10 | 31.36 | -78.18 | 20.85 | -1.97 | 7.86 |
| 21Q3 (10) | 2.05 | 75.21 | 60.16 | 29.11 | 27.51 | -17.16 | 16.51 | 68.3 | -8.58 | 17.44 | 87.12 | -11.43 | 13.75 | 86.06 | -13.95 | 8.07 | 78.15 | 35.86 | 2.96 | 89.74 | 9.63 | 0.21 | 0.0 | 23.53 | 18.71 | 76.01 | -10.73 | 158.62 | -18.31 | 32.68 | 94.59 | -10.04 | 2.91 | 5.41 | 204.86 | -33.11 | 21.27 | -13.54 | -15.23 |
| 21Q2 (9) | 1.17 | 12.5 | 12.5 | 22.83 | -2.97 | -32.6 | 9.81 | 3.92 | -38.22 | 9.32 | -5.38 | -46.0 | 7.39 | -6.1 | -46.95 | 4.53 | 11.3 | -15.8 | 1.56 | 11.43 | -35.27 | 0.21 | 23.53 | 23.53 | 10.63 | -7.0 | -43.06 | 194.18 | -4.37 | 55.96 | 105.15 | 9.0 | 14.84 | -5.15 | -209.54 | -161.12 | 24.60 | 26.15 | -4.98 |
| 21Q1 (8) | 1.04 | -48.77 | 20.93 | 23.53 | -7.4 | -35.52 | 9.44 | -20.0 | -43.17 | 9.85 | -43.39 | -43.42 | 7.87 | -44.18 | -42.81 | 4.07 | -53.64 | -1.45 | 1.40 | -58.94 | -28.21 | 0.17 | -29.17 | 21.43 | 11.43 | -37.47 | -40.84 | 203.05 | 5.3 | 60.48 | 96.47 | 41.77 | 0.99 | 4.71 | -85.54 | 5.1 | 19.50 | 0.88 | -36.3 |
| 20Q4 (7) | 2.03 | 58.59 | 29.3 | 25.41 | -27.69 | -23.65 | 11.80 | -34.66 | -34.04 | 17.40 | -11.63 | -15.37 | 14.10 | -11.76 | -17.98 | 8.78 | 47.81 | 12.42 | 3.41 | 26.3 | -6.83 | 0.24 | 41.18 | 14.29 | 18.28 | -12.79 | -16.38 | 192.83 | 61.3 | 86.08 | 68.05 | -25.97 | -22.32 | 32.54 | 302.74 | 146.12 | 19.33 | -22.96 | -11.86 |
| 20Q3 (6) | 1.28 | 23.08 | 34.74 | 35.14 | 3.75 | 12.77 | 18.06 | 13.73 | 30.96 | 19.69 | 14.08 | 24.46 | 15.98 | 14.72 | 24.07 | 5.94 | 10.41 | 21.47 | 2.70 | 12.03 | 29.19 | 0.17 | 0.0 | 6.25 | 20.96 | 12.27 | 19.29 | 119.55 | -3.98 | -7.58 | 91.92 | 0.39 | 4.85 | 8.08 | -4.18 | -34.46 | 25.09 | -3.09 | -2.18 |
| 20Q2 (5) | 1.04 | 20.93 | 26.83 | 33.87 | -7.18 | 1.93 | 15.88 | -4.39 | 16.76 | 17.26 | -0.86 | 5.12 | 13.93 | 1.24 | 5.05 | 5.38 | 30.27 | 33.83 | 2.41 | 23.59 | 36.16 | 0.17 | 21.43 | 30.77 | 18.67 | -3.36 | 1.08 | 124.51 | -1.6 | -16.86 | 91.57 | -4.14 | 9.18 | 8.43 | 88.35 | -52.46 | 25.89 | -15.42 | -13.93 |
| 20Q1 (4) | 0.86 | -45.22 | 0.0 | 36.49 | 9.65 | 0.0 | 16.61 | -7.15 | 0.0 | 17.41 | -15.32 | 0.0 | 13.76 | -19.95 | 0.0 | 4.13 | -47.12 | 0.0 | 1.95 | -46.72 | 0.0 | 0.14 | -33.33 | 0.0 | 19.32 | -11.62 | 0.0 | 126.53 | 22.1 | 0.0 | 95.52 | 9.04 | 0.0 | 4.48 | -66.14 | 0.0 | 30.61 | 39.58 | 0.0 |
| 19Q4 (3) | 1.57 | 65.26 | 0.0 | 33.28 | 6.8 | 0.0 | 17.89 | 29.73 | 0.0 | 20.56 | 29.96 | 0.0 | 17.19 | 33.46 | 0.0 | 7.81 | 59.71 | 0.0 | 3.66 | 75.12 | 0.0 | 0.21 | 31.25 | 0.0 | 21.86 | 24.42 | 0.0 | 103.63 | -19.89 | 0.0 | 87.60 | -0.08 | 0.0 | 13.22 | 7.25 | 0.0 | 21.93 | -14.5 | 0.0 |
| 19Q3 (2) | 0.95 | 15.85 | 0.0 | 31.16 | -6.23 | 0.0 | 13.79 | 1.4 | 0.0 | 15.82 | -3.65 | 0.0 | 12.88 | -2.87 | 0.0 | 4.89 | 21.64 | 0.0 | 2.09 | 18.08 | 0.0 | 0.16 | 23.08 | 0.0 | 17.57 | -4.87 | 0.0 | 129.36 | -13.62 | 0.0 | 87.67 | 4.53 | 0.0 | 12.33 | -30.51 | 0.0 | 25.65 | -14.73 | 0.0 |
| 19Q2 (1) | 0.82 | 0.0 | 0.0 | 33.23 | 0.0 | 0.0 | 13.60 | 0.0 | 0.0 | 16.42 | 0.0 | 0.0 | 13.26 | 0.0 | 0.0 | 4.02 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 18.47 | 0.0 | 0.0 | 149.76 | 0.0 | 0.0 | 83.87 | 0.0 | 0.0 | 17.74 | 0.0 | 0.0 | 30.08 | 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) | 8.37 | 22.01 | 39.73 | 0.76 | 22.44 | 3.79 | 0.72 | -42.08 | 24.46 | 4.66 | 22.57 | 5.62 | 22.59 | 8.09 | 11.18 | 19.44 | 0.57 | 14.0 | 25.38 | 1.16 | 83.07 | -31.66 | 91.73 | -0.93 | 8.27 | 11.57 | 0.04 | 17.52 | 26.64 | -1.62 |
| 2022 (9) | 6.86 | 16.67 | 39.43 | 51.65 | 21.62 | 71.32 | 1.25 | 54.17 | 23.37 | 77.99 | 21.37 | 104.11 | 20.90 | -7.11 | 9.36 | 4.93 | 0.50 | -40.48 | 25.09 | 73.87 | 121.56 | -3.17 | 92.59 | -3.63 | 7.41 | 88.88 | 0.04 | -98.33 | 27.08 | 25.25 |
| 2021 (8) | 5.88 | 13.08 | 26.00 | -16.26 | 12.62 | -14.56 | 0.81 | -13.87 | 13.13 | -26.48 | 10.47 | -27.39 | 22.50 | 2.74 | 8.92 | 2.29 | 0.84 | 40.0 | 14.43 | -24.29 | 125.54 | -34.9 | 96.07 | 16.07 | 3.93 | -77.21 | 2.29 | 0.89 | 21.62 | -9.01 |
| 2020 (7) | 5.20 | 31.31 | 31.05 | -4.23 | 14.77 | -1.8 | 0.94 | -23.16 | 17.86 | 5.0 | 14.42 | 3.89 | 21.90 | 15.14 | 8.72 | -2.68 | 0.60 | -4.76 | 19.06 | 1.71 | 192.83 | 86.08 | 82.78 | -6.19 | 17.22 | 50.59 | 2.27 | 3034.3 | 23.76 | -8.86 |
| 2019 (6) | 3.96 | 28.57 | 32.42 | 8.76 | 15.04 | 14.46 | 1.22 | -6.37 | 17.01 | 15.56 | 13.88 | 16.84 | 19.02 | 27.65 | 8.96 | 28.18 | 0.63 | 10.53 | 18.74 | 13.23 | 103.63 | -21.18 | 88.24 | -0.89 | 11.44 | 8.43 | 0.07 | 113.72 | 26.07 | 0.39 |
| 2018 (5) | 3.08 | -17.43 | 29.81 | -7.99 | 13.14 | -13.5 | 1.31 | 1.8 | 14.72 | -16.93 | 11.88 | -20.43 | 14.90 | -18.85 | 6.99 | -20.39 | 0.57 | 0.0 | 16.55 | -15.47 | 131.48 | 21.08 | 89.03 | 3.68 | 10.55 | -27.22 | 0.03 | 0 | 25.97 | 4.72 |
| 2017 (4) | 3.73 | 14.77 | 32.40 | 8.07 | 15.19 | 5.71 | 1.28 | 5.2 | 17.72 | 14.1 | 14.93 | 15.02 | 18.36 | 10.8 | 8.78 | 14.17 | 0.57 | 0.0 | 19.58 | 12.08 | 108.59 | -10.73 | 85.87 | -7.23 | 14.49 | 94.85 | 0.00 | 0 | 24.80 | 10.37 |
| 2016 (3) | 3.25 | 40.09 | 29.98 | 5.45 | 14.37 | 13.96 | 1.22 | -14.84 | 15.53 | 4.65 | 12.98 | 7.01 | 16.57 | 25.25 | 7.69 | 20.16 | 0.57 | 14.0 | 17.47 | 1.63 | 121.64 | -4.91 | 92.56 | 9.19 | 7.44 | -51.16 | 0.00 | 0 | 22.47 | -7.64 |
| 2015 (2) | 2.32 | 13.73 | 28.43 | 0.42 | 12.61 | 11.69 | 1.43 | 7.04 | 14.84 | 7.38 | 12.13 | 3.59 | 13.23 | -7.55 | 6.40 | 2.4 | 0.50 | 0.0 | 17.19 | 6.51 | 127.92 | 14.63 | 84.77 | 4.33 | 15.23 | -16.24 | 0.00 | 0 | 24.33 | -0.61 |
| 2014 (1) | 2.04 | -21.54 | 28.31 | 0 | 11.29 | 0 | 1.34 | 176.32 | 13.82 | 0 | 11.71 | 0 | 14.31 | 0 | 6.25 | 0 | 0.50 | -33.33 | 16.14 | 31.01 | 111.59 | -42.53 | 81.25 | 2.79 | 18.18 | -13.25 | 0.00 | 0 | 24.48 | 14.02 |
