- 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) | 3.75 | 5.63 | -2.85 | 67.42 | 1.31 | 1.49 | 30.99 | -1.81 | -8.66 | 33.07 | -7.08 | -7.88 | 24.41 | -4.98 | -5.46 | 3.69 | -5.38 | -11.93 | 0.66 | -4.35 | -7.04 | 0.03 | 0.0 | 0.0 | 41.53 | -6.34 | -4.86 | 449.49 | -6.73 | -6.98 | 93.73 | 5.68 | -0.85 | 6.27 | -44.56 | 14.54 | 12.42 | 5.97 | 4.28 |
| 24Q2 (19) | 3.55 | -1.39 | 2.31 | 66.55 | 0.73 | -0.54 | 31.56 | -0.47 | -6.65 | 35.59 | 8.31 | -5.47 | 25.69 | 7.04 | -3.75 | 3.90 | 8.64 | -6.7 | 0.69 | 9.52 | -4.17 | 0.03 | 0.0 | 0.0 | 44.34 | 7.6 | -3.15 | 481.90 | 4.46 | -4.16 | 88.69 | -8.09 | -1.25 | 11.31 | 222.84 | 11.02 | 11.72 | -2.25 | -9.5 |
| 24Q1 (18) | 3.60 | 1.41 | -17.24 | 66.07 | -0.6 | -1.83 | 31.71 | 2.49 | -13.34 | 32.86 | 0.34 | -23.03 | 24.00 | 2.17 | -22.98 | 3.59 | -1.37 | -23.45 | 0.63 | 0.0 | -23.17 | 0.03 | 0.0 | 0.0 | 41.21 | 1.2 | -17.88 | 461.34 | -3.39 | -0.45 | 96.50 | 2.11 | 12.55 | 3.50 | -36.38 | -75.45 | 11.99 | 2.83 | -8.68 |
| 23Q4 (17) | 3.55 | -8.03 | -10.13 | 66.47 | 0.06 | -2.47 | 30.94 | -8.81 | -13.45 | 32.75 | -8.77 | -16.2 | 23.49 | -9.02 | -15.32 | 3.64 | -13.13 | -16.7 | 0.63 | -11.27 | -17.11 | 0.03 | 0.0 | 0.0 | 40.72 | -6.71 | -13.12 | 477.55 | -1.18 | -1.37 | 94.50 | -0.03 | 3.31 | 5.51 | 0.58 | -35.38 | 11.66 | -2.1 | -11.06 |
| 23Q3 (16) | 3.86 | 11.24 | -13.06 | 66.43 | -0.72 | -6.69 | 33.93 | 0.35 | -22.21 | 35.90 | -4.65 | -19.74 | 25.82 | -3.26 | -21.02 | 4.19 | 0.24 | -22.84 | 0.71 | -1.39 | -21.11 | 0.03 | 0.0 | 0.0 | 43.65 | -4.65 | -16.04 | 483.24 | -3.89 | 1.84 | 94.54 | 5.26 | -3.06 | 5.48 | -46.26 | 120.33 | 11.91 | -8.03 | -1.41 |
| 23Q2 (15) | 3.47 | -20.23 | -16.79 | 66.91 | -0.58 | -5.75 | 33.81 | -7.6 | -25.36 | 37.65 | -11.81 | -20.08 | 26.69 | -14.35 | -21.82 | 4.18 | -10.87 | -27.43 | 0.72 | -12.2 | -22.58 | 0.03 | 0.0 | 0.0 | 45.78 | -8.77 | -16.18 | 502.82 | 8.5 | -7.75 | 89.81 | 4.75 | -6.6 | 10.19 | -28.62 | 165.29 | 12.95 | -1.37 | 3.35 |
| 23Q1 (14) | 4.35 | 10.13 | -11.94 | 67.30 | -1.25 | -6.67 | 36.59 | 2.35 | -22.07 | 42.69 | 9.24 | -17.46 | 31.16 | 12.33 | -17.28 | 4.69 | 7.32 | -23.99 | 0.82 | 7.89 | -19.61 | 0.03 | 0.0 | 0.0 | 50.18 | 7.06 | -15.72 | 463.41 | -4.29 | -7.59 | 85.73 | -6.28 | -5.54 | 14.28 | 67.48 | 54.54 | 13.13 | 0.15 | 3.06 |
| 22Q4 (13) | 3.95 | -11.04 | 2.07 | 68.15 | -4.27 | -6.66 | 35.75 | -18.04 | -22.37 | 39.08 | -12.63 | -16.17 | 27.74 | -15.14 | -8.81 | 4.37 | -19.52 | -16.44 | 0.76 | -15.56 | -11.63 | 0.03 | 0.0 | 0.0 | 46.87 | -9.85 | -13.16 | 484.19 | 2.04 | -5.46 | 91.48 | -6.19 | -7.39 | 8.52 | 242.97 | 594.17 | 13.11 | 8.53 | 3.07 |
| 22Q3 (12) | 4.44 | 6.47 | 16.54 | 71.19 | 0.28 | -3.1 | 43.62 | -3.71 | -6.95 | 44.73 | -5.05 | -7.49 | 32.69 | -4.25 | 3.06 | 5.43 | -5.73 | -0.55 | 0.90 | -3.23 | 1.12 | 0.03 | 0.0 | 0.0 | 51.99 | -4.82 | -6.71 | 474.53 | -12.94 | -6.86 | 97.51 | 1.41 | 0.55 | 2.49 | -35.29 | -17.61 | 12.08 | -3.59 | -10.05 |
| 22Q2 (11) | 4.17 | -15.59 | 13.01 | 70.99 | -1.55 | -2.98 | 45.30 | -3.51 | -5.03 | 47.11 | -8.91 | -4.79 | 34.14 | -9.37 | 4.63 | 5.76 | -6.65 | 3.78 | 0.93 | -8.82 | 1.09 | 0.03 | 0.0 | 0.0 | 54.62 | -8.26 | -4.68 | 545.06 | 8.69 | 4.21 | 96.16 | 5.95 | -0.25 | 3.84 | -58.42 | 6.77 | 12.53 | -1.65 | 0.72 |
| 22Q1 (10) | 4.94 | 27.65 | 37.22 | 72.11 | -1.23 | -0.22 | 46.95 | 1.95 | 4.5 | 51.72 | 10.94 | 8.29 | 37.67 | 23.83 | 21.13 | 6.17 | 17.97 | 21.22 | 1.02 | 18.6 | 17.24 | 0.03 | 0.0 | 0.0 | 59.54 | 10.32 | 8.41 | 501.47 | -2.08 | 3.96 | 90.76 | -8.11 | -3.5 | 9.24 | 652.3 | 55.35 | 12.74 | 0.16 | -2.15 |
| 21Q4 (9) | 3.87 | 1.57 | 19.44 | 73.01 | -0.63 | 0.41 | 46.05 | -1.77 | 17.47 | 46.62 | -3.58 | 12.12 | 30.42 | -4.1 | 3.58 | 5.23 | -4.21 | 8.96 | 0.86 | -3.37 | 6.17 | 0.03 | 0.0 | 0.0 | 53.97 | -3.16 | 9.49 | 512.14 | 0.52 | 3.79 | 98.77 | 1.84 | 4.77 | 1.23 | -59.29 | -78.55 | 12.72 | -5.29 | -12.4 |
| 21Q3 (8) | 3.81 | 3.25 | 17.23 | 73.47 | 0.41 | 2.17 | 46.88 | -1.72 | 14.31 | 48.35 | -2.28 | 14.49 | 31.72 | -2.79 | 5.03 | 5.46 | -1.62 | -0.73 | 0.89 | -3.26 | 3.49 | 0.03 | 0.0 | 0.0 | 55.73 | -2.74 | 11.73 | 509.49 | -2.59 | 4.61 | 96.98 | 0.6 | -0.14 | 3.02 | -16.15 | 4.62 | 13.43 | 7.96 | 1.74 |
| 21Q2 (7) | 3.69 | 2.5 | 28.57 | 73.17 | 1.25 | 2.91 | 47.70 | 6.17 | 18.92 | 49.48 | 3.6 | 21.57 | 32.63 | 4.92 | 12.83 | 5.55 | 9.04 | 1.28 | 0.92 | 5.75 | 16.46 | 0.03 | 0.0 | 0.0 | 57.30 | 4.33 | 17.47 | 523.06 | 8.44 | -14.28 | 96.40 | 2.5 | -2.17 | 3.60 | -39.51 | 146.3 | 12.44 | -4.45 | 0 |
| 21Q1 (6) | 3.60 | 11.11 | 22.03 | 72.27 | -0.61 | 1.22 | 44.93 | 14.62 | 15.62 | 47.76 | 14.86 | 15.67 | 31.10 | 5.89 | 5.75 | 5.09 | 6.04 | -6.61 | 0.87 | 7.41 | 7.41 | 0.03 | 0.0 | 0.0 | 54.92 | 11.42 | 12.49 | 482.37 | -2.25 | -15.73 | 94.05 | -0.24 | -0.06 | 5.95 | 3.87 | 0.98 | 13.02 | -10.33 | -9.21 |
| 20Q4 (5) | 3.24 | -0.31 | 8.0 | 72.71 | 1.11 | 20.82 | 39.20 | -4.41 | 14.25 | 41.58 | -1.54 | 17.89 | 29.37 | -2.75 | 14.41 | 4.80 | -12.73 | -17.67 | 0.81 | -5.81 | -7.95 | 0.03 | 0.0 | 0.0 | 49.29 | -1.18 | 19.72 | 493.45 | 1.32 | -13.83 | 94.28 | -2.93 | -3.09 | 5.72 | 98.56 | 110.61 | 14.52 | 10.0 | 17.19 |
| 20Q3 (4) | 3.25 | 13.24 | 0.0 | 71.91 | 1.14 | 0.0 | 41.01 | 2.24 | 0.0 | 42.23 | 3.76 | 0.0 | 30.20 | 4.43 | 0.0 | 5.50 | 0.36 | 0.0 | 0.86 | 8.86 | 0.0 | 0.03 | 0.0 | 0.0 | 49.88 | 2.26 | 0.0 | 487.03 | -20.19 | 0.0 | 97.12 | -1.44 | 0.0 | 2.88 | 97.41 | 0.0 | 13.20 | 0 | 0.0 |
| 20Q2 (3) | 2.87 | -2.71 | 0.0 | 71.10 | -0.42 | 0.0 | 40.11 | 3.22 | 0.0 | 40.70 | -1.43 | 0.0 | 28.92 | -1.67 | 0.0 | 5.48 | 0.55 | 0.0 | 0.79 | -2.47 | 0.0 | 0.03 | 0.0 | 0.0 | 48.78 | -0.08 | 0.0 | 610.22 | 6.6 | 0.0 | 98.54 | 4.71 | 0.0 | 1.46 | -75.2 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.95 | -1.67 | 0.0 | 71.40 | 18.64 | 0.0 | 38.86 | 13.26 | 0.0 | 41.29 | 17.07 | 0.0 | 29.41 | 14.57 | 0.0 | 5.45 | -6.52 | 0.0 | 0.81 | -7.95 | 0.0 | 0.03 | 0.0 | 0.0 | 48.82 | 18.58 | 0.0 | 572.42 | -0.04 | 0.0 | 94.11 | -3.26 | 0.0 | 5.89 | 116.64 | 0.0 | 14.34 | 15.74 | 0.0 |
| 19Q4 (1) | 3.00 | 0.0 | 0.0 | 60.18 | 0.0 | 0.0 | 34.31 | 0.0 | 0.0 | 35.27 | 0.0 | 0.0 | 25.67 | 0.0 | 0.0 | 5.83 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 41.17 | 0.0 | 0.0 | 572.64 | 0.0 | 0.0 | 97.28 | 0.0 | 0.0 | 2.72 | 0.0 | 0.0 | 12.39 | 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) | 15.15 | -11.76 | 66.77 | -5.34 | 33.77 | -20.89 | 7.47 | 1.99 | 37.13 | -18.23 | 26.71 | -18.74 | 16.62 | -22.15 | 2.87 | -20.06 | 0.11 | 0.0 | 44.97 | -15.15 | 477.55 | -1.37 | 90.94 | -3.27 | 9.06 | 51.34 | 0.06 | 171.02 | 12.39 | -1.82 |
| 2022 (9) | 17.17 | 16.01 | 70.54 | -3.36 | 42.69 | -8.0 | 7.32 | 2.2 | 45.41 | -5.44 | 32.87 | 4.52 | 21.35 | 1.81 | 3.59 | 3.16 | 0.11 | 0.0 | 53.00 | -4.42 | 484.19 | -5.46 | 94.01 | -2.71 | 5.99 | 77.37 | 0.02 | 72.13 | 12.62 | -2.17 |
| 2021 (8) | 14.80 | 21.31 | 72.99 | 1.64 | 46.40 | 16.55 | 7.17 | -3.22 | 48.02 | 15.79 | 31.45 | 6.65 | 20.97 | 3.97 | 3.48 | 8.07 | 0.11 | 0.0 | 55.45 | 12.57 | 512.14 | 3.79 | 96.63 | 0.66 | 3.38 | -15.88 | 0.01 | -20.21 | 12.90 | -7.99 |
| 2020 (7) | 12.20 | 4.72 | 71.81 | 19.13 | 39.81 | 13.39 | 7.41 | 19.26 | 41.47 | 12.75 | 29.49 | 8.34 | 20.17 | -13.54 | 3.22 | -10.31 | 0.11 | -15.38 | 49.26 | 13.58 | 493.45 | -13.83 | 95.99 | 0.54 | 4.01 | -11.47 | 0.02 | 9.53 | 14.02 | 10.83 |
| 2019 (6) | 11.65 | 12.34 | 60.28 | -2.14 | 35.11 | -1.93 | 6.21 | 40.05 | 36.78 | -1.53 | 27.22 | -1.09 | 23.33 | 0.95 | 3.59 | -6.02 | 0.13 | -7.14 | 43.37 | 3.04 | 572.64 | 9.08 | 95.47 | -0.4 | 4.53 | 9.43 | 0.02 | -20.56 | 12.65 | 1.69 |
| 2018 (5) | 10.37 | 25.09 | 61.60 | -0.68 | 35.80 | 15.41 | 4.43 | -11.46 | 37.35 | 14.26 | 27.52 | 14.05 | 23.11 | 12.84 | 3.82 | 17.18 | 0.14 | 0.0 | 42.09 | 10.59 | 524.97 | 8.63 | 95.86 | 1.05 | 4.14 | -19.32 | 0.02 | 0 | 12.44 | -2.96 |
| 2017 (4) | 8.29 | 30.35 | 62.02 | -0.43 | 31.02 | 33.48 | 5.01 | 1.95 | 32.69 | 23.54 | 24.13 | 20.95 | 20.48 | 10.11 | 3.26 | 18.98 | 0.14 | 0.0 | 38.06 | 19.61 | 483.25 | -17.98 | 94.86 | 8.0 | 5.14 | -57.74 | 0.00 | 0 | 12.82 | -0.16 |
| 2016 (3) | 6.36 | 5.65 | 62.29 | 4.53 | 23.24 | -3.61 | 4.91 | 12.29 | 26.46 | 1.15 | 19.95 | 2.15 | 18.60 | -1.17 | 2.74 | -3.86 | 0.14 | -6.67 | 31.82 | 2.91 | 589.22 | 3.66 | 87.84 | -4.68 | 12.15 | 55.06 | 0.00 | 0 | 12.84 | 4.9 |
| 2015 (2) | 6.02 | -3.37 | 59.59 | 2.56 | 24.11 | -4.85 | 4.37 | 14.07 | 26.16 | -6.6 | 19.53 | -5.7 | 18.82 | -12.06 | 2.85 | -13.64 | 0.15 | -6.25 | 30.92 | -3.53 | 568.41 | 2.76 | 92.15 | 1.84 | 7.84 | -17.58 | 0.00 | 0 | 12.24 | 2.68 |
| 2014 (1) | 6.23 | 5.41 | 58.10 | 0 | 25.34 | 0 | 3.83 | -21.78 | 28.01 | 0 | 20.71 | 0 | 21.40 | 0 | 3.30 | 0 | 0.16 | -5.88 | 32.05 | -4.01 | 553.15 | 1.84 | 90.49 | -3.5 | 9.51 | 52.7 | 0.00 | 0 | 11.92 | -2.61 |
