- 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) | 4.93 | -8.87 | 16.0 | 13.30 | -5.0 | -4.66 | 7.21 | -0.69 | -4.88 | 8.15 | -10.44 | -4.45 | 6.14 | -17.36 | -4.66 | 5.78 | -15.0 | -1.37 | 2.71 | -10.56 | 3.83 | 0.43 | 7.5 | 10.26 | 9.13 | -9.87 | -6.17 | 110.35 | -13.42 | -6.2 | 88.43 | 10.76 | -0.55 | 11.57 | -42.6 | 4.44 | 5.04 | -9.52 | -9.03 |
| 24Q2 (19) | 5.41 | 31.63 | 46.61 | 14.00 | -0.92 | 6.71 | 7.26 | -0.95 | 19.41 | 9.10 | 3.06 | 14.61 | 7.43 | 13.78 | 34.12 | 6.80 | 30.27 | 27.1 | 3.03 | 23.17 | 35.87 | 0.40 | 8.11 | 2.56 | 10.13 | 0.0 | 11.56 | 127.46 | -2.56 | -13.96 | 79.84 | -3.83 | 4.24 | 20.16 | 18.7 | -13.87 | 5.57 | -3.47 | -2.79 |
| 24Q1 (18) | 4.11 | 19.83 | 0.98 | 14.13 | 8.44 | 17.65 | 7.33 | 11.23 | 28.6 | 8.83 | 19.0 | 16.03 | 6.53 | 25.58 | 9.75 | 5.22 | 23.11 | -10.77 | 2.46 | 18.27 | -3.91 | 0.37 | -5.13 | -11.9 | 10.13 | 16.84 | 16.3 | 130.81 | 23.21 | -7.77 | 83.02 | -6.59 | 10.88 | 16.98 | 52.68 | -32.42 | 5.77 | 13.36 | 10.11 |
| 23Q4 (17) | 3.43 | -19.29 | 10.29 | 13.03 | -6.59 | 8.86 | 6.59 | -13.06 | 16.23 | 7.42 | -13.01 | 9.28 | 5.20 | -19.25 | 20.93 | 4.24 | -27.65 | -5.15 | 2.08 | -20.31 | 5.05 | 0.39 | 0.0 | -13.33 | 8.67 | -10.89 | 11.44 | 106.17 | -9.76 | -15.17 | 88.88 | -0.05 | 6.32 | 11.12 | 0.39 | -32.21 | 5.09 | -8.12 | -1.36 |
| 23Q3 (16) | 4.25 | 15.18 | -13.62 | 13.95 | 6.33 | 4.57 | 7.58 | 24.67 | 6.91 | 8.53 | 7.43 | -4.26 | 6.44 | 16.25 | -2.13 | 5.86 | 9.53 | -22.69 | 2.61 | 17.04 | -17.67 | 0.39 | 0.0 | -18.75 | 9.73 | 7.16 | -1.42 | 117.65 | -20.58 | -13.61 | 88.92 | 16.09 | 11.74 | 11.08 | -52.66 | -45.75 | 5.54 | -3.32 | 9.92 |
| 23Q2 (15) | 3.69 | -9.34 | -25.45 | 13.12 | 9.24 | 6.93 | 6.08 | 6.67 | 3.23 | 7.94 | 4.34 | -11.68 | 5.54 | -6.89 | -19.94 | 5.35 | -8.55 | -34.19 | 2.23 | -12.89 | -33.03 | 0.39 | -7.14 | -18.75 | 9.08 | 4.25 | -8.56 | 148.14 | 4.45 | -0.64 | 76.59 | 2.3 | 16.81 | 23.41 | -6.86 | -32.18 | 5.73 | 9.35 | 12.57 |
| 23Q1 (14) | 4.07 | 30.87 | 12.12 | 12.01 | 0.33 | 3.36 | 5.70 | 0.53 | 0.35 | 7.61 | 12.08 | 4.53 | 5.95 | 38.37 | 10.39 | 5.85 | 30.87 | -1.35 | 2.56 | 29.29 | -2.66 | 0.42 | -6.67 | -12.5 | 8.71 | 11.95 | 5.83 | 141.83 | 13.33 | -1.92 | 74.87 | -10.43 | -3.95 | 25.13 | 53.15 | 13.96 | 5.24 | 1.55 | 8.71 |
| 22Q4 (13) | 3.11 | -36.79 | -10.63 | 11.97 | -10.27 | -6.04 | 5.67 | -20.03 | -8.7 | 6.79 | -23.79 | -7.74 | 4.30 | -34.65 | -20.07 | 4.47 | -41.03 | -19.31 | 1.98 | -37.54 | -24.14 | 0.45 | -6.25 | -6.25 | 7.78 | -21.18 | -6.94 | 125.15 | -8.1 | 11.81 | 83.59 | 5.04 | -0.86 | 16.41 | -19.65 | 4.61 | 5.16 | 2.38 | 22.27 |
| 22Q3 (12) | 4.92 | -0.61 | 50.46 | 13.34 | 8.72 | 9.52 | 7.09 | 20.37 | 18.96 | 8.91 | -0.89 | 26.2 | 6.58 | -4.91 | 20.07 | 7.58 | -6.77 | 32.98 | 3.17 | -4.8 | 20.53 | 0.48 | 0.0 | 2.13 | 9.87 | -0.6 | 22.3 | 136.18 | -8.67 | 14.15 | 79.58 | 21.36 | -5.84 | 20.42 | -40.82 | 30.81 | 5.04 | -0.98 | 3.28 |
| 22Q2 (11) | 4.95 | 36.36 | 46.45 | 12.27 | 5.59 | -0.24 | 5.89 | 3.7 | -7.39 | 8.99 | 23.49 | 19.39 | 6.92 | 28.39 | 17.49 | 8.13 | 37.1 | 31.55 | 3.33 | 26.62 | 18.09 | 0.48 | 0.0 | 0.0 | 9.93 | 20.66 | 17.79 | 149.10 | 3.1 | 25.36 | 65.57 | -15.88 | -22.31 | 34.51 | 56.5 | 123.04 | 5.09 | 5.6 | 9.7 |
| 22Q1 (10) | 3.63 | 4.31 | 45.2 | 11.62 | -8.79 | 0.96 | 5.68 | -8.53 | 6.97 | 7.28 | -1.09 | 12.52 | 5.39 | 0.19 | 13.0 | 5.93 | 7.04 | 31.78 | 2.63 | 0.77 | 22.33 | 0.48 | 0.0 | 9.09 | 8.23 | -1.56 | 10.92 | 144.61 | 29.2 | 17.75 | 77.95 | -7.55 | -5.11 | 22.05 | 40.58 | 23.49 | 4.82 | 14.22 | -1.63 |
| 21Q4 (9) | 3.48 | 6.42 | 15.23 | 12.74 | 4.6 | 4.0 | 6.21 | 4.19 | 5.08 | 7.36 | 4.25 | -5.64 | 5.38 | -1.82 | -12.23 | 5.54 | -2.81 | 3.75 | 2.61 | -0.76 | -1.51 | 0.48 | 2.13 | 11.63 | 8.36 | 3.59 | -4.57 | 111.93 | -6.18 | 9.09 | 84.31 | -0.24 | 11.3 | 15.69 | 0.47 | -35.31 | 4.22 | -13.52 | -16.77 |
| 21Q3 (8) | 3.27 | -3.25 | 13.94 | 12.18 | -0.98 | 7.41 | 5.96 | -6.29 | 20.65 | 7.06 | -6.24 | 19.86 | 5.48 | -6.96 | -4.7 | 5.70 | -7.77 | 4.78 | 2.63 | -6.74 | 1.94 | 0.47 | -2.08 | 6.82 | 8.07 | -4.27 | 18.16 | 119.30 | 0.3 | 14.02 | 84.52 | 0.14 | 0.74 | 15.61 | 0.9 | -3.05 | 4.88 | 5.17 | 4.95 |
| 21Q2 (7) | 3.38 | 35.2 | 13.04 | 12.30 | 6.86 | 1.32 | 6.36 | 19.77 | 1.92 | 7.53 | 16.38 | -2.08 | 5.89 | 23.48 | 1.9 | 6.18 | 37.33 | 1.64 | 2.82 | 31.16 | 3.3 | 0.48 | 9.09 | 2.13 | 8.43 | 13.61 | -1.52 | 118.94 | -3.15 | -1.78 | 84.40 | 2.75 | 4.02 | 15.47 | -13.35 | -17.97 | 4.64 | -5.31 | 0 |
| 21Q1 (6) | 2.50 | -17.22 | -0.4 | 11.51 | -6.04 | -3.11 | 5.31 | -10.15 | -6.68 | 6.47 | -17.05 | -6.37 | 4.77 | -22.19 | -7.74 | 4.50 | -15.73 | -10.54 | 2.15 | -18.87 | -8.51 | 0.44 | 2.33 | -2.22 | 7.42 | -15.3 | -5.48 | 122.81 | 19.7 | -4.15 | 82.14 | 8.43 | -0.48 | 17.86 | -26.35 | 1.3 | 4.90 | -3.35 | 6.52 |
| 20Q4 (5) | 3.02 | 5.23 | 36.65 | 12.25 | 8.02 | 11.36 | 5.91 | 19.64 | 18.91 | 7.80 | 32.43 | 35.89 | 6.13 | 6.61 | 34.43 | 5.34 | -1.84 | 23.04 | 2.65 | 2.71 | 25.59 | 0.43 | -2.27 | -4.44 | 8.76 | 28.26 | 30.94 | 102.60 | -1.94 | -3.26 | 75.75 | -9.7 | -12.49 | 24.25 | 50.56 | 80.42 | 5.07 | 9.03 | 0 |
| 20Q3 (4) | 2.87 | -4.01 | 0.0 | 11.34 | -6.59 | 0.0 | 4.94 | -20.83 | 0.0 | 5.89 | -23.41 | 0.0 | 5.75 | -0.52 | 0.0 | 5.44 | -10.53 | 0.0 | 2.58 | -5.49 | 0.0 | 0.44 | -6.38 | 0.0 | 6.83 | -20.21 | 0.0 | 104.63 | -13.59 | 0.0 | 83.90 | 3.4 | 0.0 | 16.10 | -14.62 | 0.0 | 4.65 | 0 | 0.0 |
| 20Q2 (3) | 2.99 | 19.12 | 0.0 | 12.14 | 2.19 | 0.0 | 6.24 | 9.67 | 0.0 | 7.69 | 11.29 | 0.0 | 5.78 | 11.8 | 0.0 | 6.08 | 20.87 | 0.0 | 2.73 | 16.17 | 0.0 | 0.47 | 4.44 | 0.0 | 8.56 | 9.04 | 0.0 | 121.09 | -5.49 | 0.0 | 81.14 | -1.7 | 0.0 | 18.86 | 7.01 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.51 | 13.57 | 0.0 | 11.88 | 8.0 | 0.0 | 5.69 | 14.49 | 0.0 | 6.91 | 20.38 | 0.0 | 5.17 | 13.38 | 0.0 | 5.03 | 15.9 | 0.0 | 2.35 | 11.37 | 0.0 | 0.45 | 0.0 | 0.0 | 7.85 | 17.34 | 0.0 | 128.13 | 20.81 | 0.0 | 82.54 | -4.65 | 0.0 | 17.63 | 31.17 | 0.0 | 4.60 | 0 | 0.0 |
| 19Q4 (1) | 2.21 | 0.0 | 0.0 | 11.00 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 5.74 | 0.0 | 0.0 | 4.56 | 0.0 | 0.0 | 4.34 | 0.0 | 0.0 | 2.11 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 6.69 | 0.0 | 0.0 | 106.06 | 0.0 | 0.0 | 86.56 | 0.0 | 0.0 | 13.44 | 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) | 15.36 | -7.53 | 13.03 | 5.76 | 6.49 | 6.39 | 0.83 | 14.26 | 7.88 | -1.62 | 5.79 | -0.17 | 19.94 | -18.48 | 9.53 | -15.89 | 1.60 | -16.67 | 9.05 | 0.89 | 106.17 | -15.17 | 82.42 | 8.25 | 17.58 | -26.32 | 1.39 | -11.2 | 5.40 | 7.36 |
| 2022 (9) | 16.61 | 31.51 | 12.32 | 0.82 | 6.10 | 2.01 | 0.72 | -8.74 | 8.01 | 12.5 | 5.80 | 7.61 | 24.46 | 19.43 | 11.33 | 13.41 | 1.92 | 4.92 | 8.97 | 10.88 | 125.15 | 11.81 | 76.14 | -9.3 | 23.86 | 48.62 | 1.57 | -23.59 | 5.03 | 8.17 |
| 2021 (8) | 12.63 | 10.98 | 12.22 | 2.69 | 5.98 | 4.91 | 0.79 | -2.88 | 7.12 | 0.56 | 5.39 | -5.6 | 20.48 | -0.24 | 9.99 | -1.67 | 1.83 | 3.98 | 8.09 | 1.12 | 111.93 | 9.09 | 83.95 | 4.18 | 16.05 | -17.51 | 2.05 | 745.59 | 4.65 | -0.85 |
| 2020 (7) | 11.38 | 20.04 | 11.90 | -3.72 | 5.70 | -2.06 | 0.82 | -1.69 | 7.08 | 1.58 | 5.71 | 5.35 | 20.53 | 8.34 | 10.16 | 7.63 | 1.76 | 2.33 | 8.00 | 0.88 | 102.60 | -3.26 | 80.58 | -3.57 | 19.46 | 18.37 | 0.24 | 0 | 4.69 | -6.94 |
| 2019 (6) | 9.48 | 22.64 | 12.36 | 4.83 | 5.82 | 10.44 | 0.83 | 52.51 | 6.97 | 12.06 | 5.42 | 13.15 | 18.95 | 10.88 | 9.44 | 8.13 | 1.72 | -4.44 | 7.93 | 15.43 | 106.06 | 5.27 | 83.56 | -1.32 | 16.44 | 7.31 | 0.00 | 0 | 5.04 | -2.89 |
| 2018 (5) | 7.73 | 29.26 | 11.79 | -4.61 | 5.27 | 3.33 | 0.54 | -14.89 | 6.22 | 12.27 | 4.79 | 14.05 | 17.09 | 19.68 | 8.73 | 20.41 | 1.80 | 6.51 | 6.87 | 8.87 | 100.75 | 4.78 | 84.68 | -8.07 | 15.32 | 94.16 | 0.00 | 0 | 5.19 | -6.32 |
| 2017 (4) | 5.98 | -17.52 | 12.36 | -4.19 | 5.10 | -15.28 | 0.64 | 26.87 | 5.54 | -16.82 | 4.20 | -21.05 | 14.28 | -26.81 | 7.25 | -27.35 | 1.69 | -8.65 | 6.31 | -13.2 | 96.15 | -10.32 | 92.11 | 1.92 | 7.89 | -17.99 | 0.00 | 0 | 5.54 | 1.65 |
| 2016 (3) | 7.25 | 23.09 | 12.90 | 1.02 | 6.02 | 7.5 | 0.50 | -10.17 | 6.66 | 4.72 | 5.32 | 5.77 | 19.51 | 17.39 | 9.98 | 10.77 | 1.85 | 4.52 | 7.27 | 3.12 | 107.22 | 20.5 | 90.38 | 2.73 | 9.62 | -19.44 | 0.00 | 0 | 5.45 | -9.92 |
| 2015 (2) | 5.89 | 8.27 | 12.77 | 6.59 | 5.60 | 10.45 | 0.56 | 30.08 | 6.36 | 9.47 | 5.03 | 5.67 | 16.62 | 5.06 | 9.01 | 1.12 | 1.77 | -4.32 | 7.05 | 11.55 | 88.98 | 4.55 | 87.97 | 0.83 | 11.94 | -7.01 | 0.00 | 0 | 6.05 | 9.01 |
| 2014 (1) | 5.44 | 4.21 | 11.98 | 0 | 5.07 | 0 | 0.43 | 4.78 | 5.81 | 0 | 4.76 | 0 | 15.82 | 0 | 8.91 | 0 | 1.85 | 6.94 | 6.32 | -6.65 | 85.11 | 16.75 | 87.25 | -3.59 | 12.84 | 35.22 | 0.00 | 0 | 5.55 | -2.12 |
