- 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) | 2.31 | -6.48 | 0.87 | 22.20 | -0.27 | 1.05 | 17.04 | 2.22 | -4.16 | 17.45 | -4.33 | -7.13 | 14.11 | -3.88 | -6.93 | 5.52 | -11.96 | -12.1 | 3.88 | -6.95 | -10.39 | 0.27 | -3.57 | -6.9 | 20.31 | -3.19 | -2.4 | 41.57 | -4.08 | -1.05 | 97.79 | 7.18 | 3.51 | 2.21 | -74.78 | -60.0 | 10.52 | 13.24 | 27.52 |
| 24Q2 (19) | 2.47 | 24.75 | 32.8 | 22.26 | 12.88 | 18.4 | 16.67 | 3.09 | 22.21 | 18.24 | 4.47 | 22.58 | 14.68 | 10.88 | 22.85 | 6.27 | 29.81 | 16.54 | 4.17 | 29.91 | 20.52 | 0.28 | 16.67 | -3.45 | 20.98 | 2.94 | 25.63 | 43.34 | -25.22 | -10.19 | 91.24 | -1.21 | -0.59 | 8.76 | 14.65 | 6.62 | 9.29 | -2.62 | 13.71 |
| 24Q1 (18) | 1.98 | 1.54 | 15.12 | 19.72 | 10.66 | 10.04 | 16.17 | 20.4 | 11.83 | 17.46 | 19.18 | 11.78 | 13.24 | 12.87 | 7.91 | 4.83 | -1.63 | 1.47 | 3.21 | -6.69 | 2.88 | 0.24 | -17.24 | -4.0 | 20.38 | 22.26 | 16.92 | 57.96 | 31.52 | -8.85 | 92.36 | 0.33 | -0.94 | 7.64 | -11.22 | 1.66 | 9.54 | -9.32 | 21.84 |
| 23Q4 (17) | 1.95 | -14.85 | 61.16 | 17.82 | -18.89 | 10.41 | 13.43 | -24.47 | 35.52 | 14.65 | -22.03 | 35.77 | 11.73 | -22.63 | 39.64 | 4.91 | -21.82 | 38.31 | 3.44 | -20.55 | 35.43 | 0.29 | 0.0 | -3.33 | 16.67 | -19.89 | 35.09 | 44.07 | 4.9 | 2.75 | 92.05 | -2.56 | -0.11 | 8.61 | 55.83 | 9.77 | 10.52 | 27.52 | 17.15 |
| 23Q3 (16) | 2.29 | 23.12 | 39.63 | 21.97 | 16.86 | 21.45 | 17.78 | 30.35 | 21.95 | 18.79 | 26.28 | 15.49 | 15.16 | 26.86 | 15.46 | 6.28 | 16.73 | 26.61 | 4.33 | 25.14 | 20.61 | 0.29 | 0.0 | 7.41 | 20.81 | 24.61 | 15.1 | 42.01 | -12.95 | 14.13 | 94.48 | 2.94 | 5.68 | 5.52 | -32.78 | -47.91 | 8.25 | 0.98 | 7.56 |
| 23Q2 (15) | 1.86 | 8.14 | 28.28 | 18.80 | 4.91 | 1.18 | 13.64 | -5.67 | -4.48 | 14.88 | -4.74 | -1.65 | 11.95 | -2.61 | -1.48 | 5.38 | 13.03 | 16.2 | 3.46 | 10.9 | 9.84 | 0.29 | 16.0 | 11.54 | 16.70 | -4.19 | -1.42 | 48.26 | -24.11 | 21.93 | 91.78 | -1.56 | -2.53 | 8.22 | 9.32 | 40.9 | 8.17 | 4.34 | 0.86 |
| 23Q1 (14) | 1.72 | 42.15 | 4.24 | 17.92 | 11.03 | -14.3 | 14.46 | 45.91 | -10.35 | 15.62 | 44.76 | -7.46 | 12.27 | 46.07 | -5.1 | 4.76 | 34.08 | -5.56 | 3.12 | 22.83 | -9.3 | 0.25 | -16.67 | -7.41 | 17.43 | 41.25 | -6.49 | 63.59 | 48.26 | 15.53 | 93.23 | 1.17 | -1.82 | 7.52 | -4.14 | 74.19 | 7.83 | -12.81 | -3.45 |
| 22Q4 (13) | 1.21 | -26.22 | -7.63 | 16.14 | -10.78 | -17.7 | 9.91 | -32.03 | -20.97 | 10.79 | -33.68 | -20.19 | 8.40 | -36.02 | -18.84 | 3.55 | -28.43 | -9.44 | 2.54 | -29.25 | -11.81 | 0.30 | 11.11 | 7.14 | 12.34 | -31.75 | -18.92 | 42.89 | 16.52 | 11.63 | 92.16 | 3.09 | -0.54 | 7.84 | -26.05 | 6.86 | 8.98 | 17.08 | 17.69 |
| 22Q3 (12) | 1.64 | 13.1 | 1.86 | 18.09 | -2.64 | -15.35 | 14.58 | 2.1 | -16.01 | 16.27 | 7.53 | -12.1 | 13.13 | 8.24 | -13.85 | 4.96 | 7.13 | -2.55 | 3.59 | 13.97 | -1.1 | 0.27 | 3.85 | 12.5 | 18.08 | 6.73 | -11.55 | 36.81 | -7.0 | 8.49 | 89.39 | -5.07 | -4.55 | 10.61 | 81.82 | 67.05 | 7.67 | -5.31 | -6.58 |
| 22Q2 (11) | 1.45 | -12.12 | 9.02 | 18.58 | -11.14 | -10.2 | 14.28 | -11.47 | -8.87 | 15.13 | -10.37 | -7.01 | 12.13 | -6.19 | -3.58 | 4.63 | -8.13 | 10.24 | 3.15 | -8.43 | 5.7 | 0.26 | -3.7 | 8.33 | 16.94 | -9.12 | -6.31 | 39.58 | -28.09 | -15.21 | 94.17 | -0.84 | -2.35 | 5.83 | 35.14 | 63.33 | 8.10 | -0.12 | 1.12 |
| 22Q1 (10) | 1.65 | 25.95 | 25.95 | 20.91 | 6.63 | 6.85 | 16.13 | 28.63 | -1.89 | 16.88 | 24.85 | 1.08 | 12.93 | 24.93 | -5.21 | 5.04 | 28.57 | 26.63 | 3.44 | 19.44 | 17.41 | 0.27 | -3.57 | 28.57 | 18.64 | 22.47 | -0.43 | 55.04 | 43.26 | 55.09 | 94.96 | 2.49 | -3.14 | 4.32 | -41.19 | 120.14 | 8.11 | 6.29 | -2.99 |
| 21Q4 (9) | 1.31 | -18.63 | -2.24 | 19.61 | -8.24 | 0.36 | 12.54 | -27.76 | -3.32 | 13.52 | -26.96 | -4.32 | 10.35 | -32.09 | -8.24 | 3.92 | -22.99 | -8.62 | 2.88 | -20.66 | -9.72 | 0.28 | 16.67 | 0.0 | 15.22 | -25.54 | -2.69 | 38.42 | 13.23 | 5.99 | 92.66 | -1.06 | 1.08 | 7.34 | 15.6 | -11.93 | 7.63 | -7.06 | -5.22 |
| 21Q3 (8) | 1.61 | 21.05 | 23.85 | 21.37 | 3.29 | 7.87 | 17.36 | 10.78 | 20.39 | 18.51 | 13.77 | 20.43 | 15.24 | 21.14 | 23.7 | 5.09 | 21.19 | 16.74 | 3.63 | 21.81 | 13.44 | 0.24 | 0.0 | -7.69 | 20.44 | 13.05 | 19.67 | 33.93 | -27.31 | 3.76 | 93.65 | -2.88 | -0.62 | 6.35 | 77.78 | 10.05 | 8.21 | 2.5 | 0.24 |
| 21Q2 (7) | 1.33 | 1.53 | 24.3 | 20.69 | 5.72 | 17.09 | 15.67 | -4.68 | 31.68 | 16.27 | -2.57 | 23.63 | 12.58 | -7.77 | 21.43 | 4.20 | 5.53 | 12.9 | 2.98 | 1.71 | 8.36 | 0.24 | 14.29 | -11.11 | 18.08 | -3.42 | 22.08 | 46.68 | 31.53 | 16.26 | 96.43 | -1.64 | 7.14 | 3.57 | 82.14 | -64.29 | 8.01 | -4.19 | 0 |
| 21Q1 (6) | 1.31 | -2.24 | 35.05 | 19.57 | 0.15 | 19.77 | 16.44 | 26.75 | 27.34 | 16.70 | 18.19 | 17.77 | 13.64 | 20.92 | 20.39 | 3.98 | -7.23 | 16.72 | 2.93 | -8.15 | 11.83 | 0.21 | -25.0 | -8.7 | 18.72 | 19.69 | 14.71 | 35.49 | -2.1 | 16.25 | 98.04 | 6.95 | 7.31 | 1.96 | -76.47 | -77.31 | 8.36 | 3.85 | 0 |
| 20Q4 (5) | 1.34 | 3.08 | 57.65 | 19.54 | -1.36 | 59.51 | 12.97 | -10.06 | 49.6 | 14.13 | -8.07 | 33.05 | 11.28 | -8.44 | 27.89 | 4.29 | -1.61 | 45.92 | 3.19 | -0.31 | 39.91 | 0.28 | 7.69 | 7.69 | 15.64 | -8.43 | 24.32 | 36.25 | 10.86 | 22.71 | 91.67 | -2.72 | 12.42 | 8.33 | 44.44 | -54.86 | 8.05 | -1.71 | 6.62 |
| 20Q3 (4) | 1.30 | 21.5 | 0.0 | 19.81 | 12.11 | 0.0 | 14.42 | 21.18 | 0.0 | 15.37 | 16.79 | 0.0 | 12.32 | 18.92 | 0.0 | 4.36 | 17.2 | 0.0 | 3.20 | 16.36 | 0.0 | 0.26 | -3.7 | 0.0 | 17.08 | 15.33 | 0.0 | 32.70 | -18.56 | 0.0 | 94.23 | 4.7 | 0.0 | 5.77 | -42.31 | 0.0 | 8.19 | 0 | 0.0 |
| 20Q2 (3) | 1.07 | 10.31 | 0.0 | 17.67 | 8.14 | 0.0 | 11.90 | -7.82 | 0.0 | 13.16 | -7.19 | 0.0 | 10.36 | -8.56 | 0.0 | 3.72 | 9.09 | 0.0 | 2.75 | 4.96 | 0.0 | 0.27 | 17.39 | 0.0 | 14.81 | -9.25 | 0.0 | 40.15 | 31.51 | 0.0 | 90.00 | -1.49 | 0.0 | 10.00 | 15.71 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.97 | 14.12 | 0.0 | 16.34 | 33.39 | 0.0 | 12.91 | 48.9 | 0.0 | 14.18 | 33.52 | 0.0 | 11.33 | 28.46 | 0.0 | 3.41 | 15.99 | 0.0 | 2.62 | 14.91 | 0.0 | 0.23 | -11.54 | 0.0 | 16.32 | 29.73 | 0.0 | 30.53 | 3.35 | 0.0 | 91.36 | 12.04 | 0.0 | 8.64 | -53.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.85 | 0.0 | 0.0 | 12.25 | 0.0 | 0.0 | 8.67 | 0.0 | 0.0 | 10.62 | 0.0 | 0.0 | 8.82 | 0.0 | 0.0 | 2.94 | 0.0 | 0.0 | 2.28 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 12.58 | 0.0 | 0.0 | 29.54 | 0.0 | 0.0 | 81.54 | 0.0 | 0.0 | 18.46 | 0.0 | 0.0 | 7.55 | 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) | 7.81 | 31.04 | 19.13 | 4.31 | 14.81 | 9.06 | 1.93 | 12.36 | 15.97 | 9.31 | 12.77 | 10.85 | 20.34 | 16.63 | 14.18 | 14.35 | 1.11 | 2.78 | 17.92 | 9.67 | 44.07 | 2.75 | 92.80 | -0.11 | 7.20 | 1.44 | 0.00 | 0 | 8.75 | 6.06 |
| 2022 (9) | 5.96 | 7.19 | 18.34 | -9.66 | 13.58 | -11.47 | 1.72 | -6.14 | 14.61 | -9.37 | 11.52 | -10.07 | 17.44 | 3.13 | 12.40 | 0.65 | 1.08 | 12.5 | 16.34 | -9.07 | 42.89 | 11.63 | 92.90 | -2.53 | 7.10 | 44.57 | 0.00 | 0 | 8.25 | 2.74 |
| 2021 (8) | 5.56 | 18.55 | 20.30 | 10.03 | 15.34 | 17.55 | 1.83 | 9.63 | 16.12 | 13.44 | 12.81 | 13.16 | 16.91 | 8.47 | 12.32 | 5.03 | 0.96 | -7.69 | 17.97 | 13.02 | 38.42 | 5.99 | 95.31 | 4.0 | 4.91 | -39.33 | 0.00 | 0 | 8.03 | 3.48 |
| 2020 (7) | 4.69 | 127.67 | 18.45 | 106.15 | 13.05 | 143.93 | 1.67 | -14.1 | 14.21 | 73.08 | 11.32 | 72.04 | 15.59 | 106.22 | 11.73 | 97.47 | 1.04 | 15.56 | 15.90 | 56.5 | 36.25 | 22.71 | 91.64 | 40.31 | 8.09 | -76.66 | 0.00 | 0 | 7.76 | 11.02 |
| 2019 (6) | 2.06 | 126.37 | 8.95 | 114.63 | 5.35 | 296.3 | 1.95 | 7.02 | 8.21 | 72.48 | 6.58 | 64.91 | 7.56 | 100.53 | 5.94 | 94.75 | 0.90 | 18.42 | 10.16 | 54.17 | 29.54 | 18.02 | 65.32 | 128.61 | 34.68 | -51.45 | 0.00 | 0 | 6.99 | 5.91 |
| 2018 (5) | 0.91 | -30.0 | 4.17 | -43.27 | 1.35 | -68.82 | 1.82 | -16.27 | 4.76 | -28.42 | 3.99 | -27.45 | 3.77 | -27.5 | 3.05 | -27.03 | 0.76 | 0.0 | 6.59 | -25.54 | 25.03 | 12.24 | 28.57 | -56.43 | 71.43 | 102.66 | 0.04 | 0 | 6.60 | 5.1 |
| 2017 (4) | 1.30 | -32.99 | 7.35 | -27.44 | 4.33 | -39.01 | 2.17 | -19.06 | 6.65 | -23.12 | 5.50 | -23.72 | 5.20 | -31.49 | 4.18 | -30.1 | 0.76 | -8.43 | 8.85 | -22.16 | 22.30 | -15.14 | 65.57 | -20.5 | 35.25 | 94.95 | 0.00 | 0 | 6.28 | -2.18 |
| 2016 (3) | 1.94 | 6.59 | 10.13 | 27.42 | 7.10 | 34.47 | 2.68 | 6.62 | 8.65 | 19.48 | 7.21 | 24.96 | 7.59 | 6.6 | 5.98 | 7.55 | 0.83 | -13.54 | 11.37 | 16.5 | 26.28 | -4.85 | 82.49 | 12.91 | 18.08 | -32.91 | 0.00 | 0 | 6.42 | 11.27 |
| 2015 (2) | 1.82 | 15.19 | 7.95 | 50.0 | 5.28 | 82.7 | 2.52 | 15.99 | 7.24 | 29.75 | 5.77 | 22.77 | 7.12 | 17.49 | 5.56 | 22.47 | 0.96 | -1.03 | 9.76 | 25.13 | 27.62 | -2.78 | 73.05 | 41.87 | 26.95 | -43.58 | 0.00 | 0 | 5.77 | 15.17 |
| 2014 (1) | 1.58 | -28.83 | 5.30 | 0 | 2.89 | 0 | 2.17 | 17.57 | 5.58 | 0 | 4.70 | 0 | 6.06 | 0 | 4.54 | 0 | 0.97 | -10.19 | 7.80 | -10.96 | 28.41 | -26.23 | 51.49 | -39.61 | 47.76 | 224.09 | 0.00 | 0 | 5.01 | -18.8 |
