- 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) | 0.58 | -12.12 | 23.4 | 24.40 | 3.65 | 9.61 | 11.68 | -1.35 | 17.27 | 11.95 | -2.13 | 16.7 | 9.58 | -0.42 | 17.55 | 4.62 | -12.17 | 17.86 | 3.20 | -14.44 | 13.88 | 0.33 | -15.38 | -2.94 | 13.05 | -1.36 | 15.28 | 37.40 | -28.04 | 20.61 | 97.06 | -0.42 | -1.14 | 2.94 | 16.18 | -19.12 | 6.37 | 14.57 | 9.45 |
| 24Q2 (19) | 0.66 | 22.22 | 37.5 | 23.54 | -9.6 | 14.94 | 11.84 | -3.82 | 24.76 | 12.21 | -3.93 | 21.73 | 9.62 | -5.87 | 22.7 | 5.26 | 24.64 | 32.49 | 3.74 | 15.43 | 32.16 | 0.39 | 21.88 | 8.33 | 13.23 | -4.89 | 20.27 | 51.97 | 69.28 | 6.47 | 97.47 | 0.66 | 2.78 | 2.53 | -20.25 | -51.05 | 5.56 | -21.47 | 2.77 |
| 24Q1 (18) | 0.54 | 50.0 | 1.89 | 26.04 | 6.59 | 11.95 | 12.31 | 34.54 | 16.24 | 12.71 | 28.0 | 14.71 | 10.22 | 28.39 | 14.57 | 4.22 | 43.05 | -0.94 | 3.24 | 43.36 | 2.21 | 0.32 | 14.29 | -8.57 | 13.91 | 24.64 | 14.39 | 30.70 | 0.33 | -7.97 | 96.83 | 6.76 | 1.75 | 3.17 | -54.5 | -34.39 | 7.08 | -5.35 | 7.93 |
| 23Q4 (17) | 0.36 | -23.4 | 2.86 | 24.43 | 9.75 | 15.51 | 9.15 | -8.13 | 13.52 | 9.93 | -3.03 | 19.06 | 7.96 | -2.33 | 20.61 | 2.95 | -24.74 | -0.67 | 2.26 | -19.57 | 2.26 | 0.28 | -17.65 | -15.15 | 11.16 | -1.41 | 20.65 | 30.60 | -1.32 | -15.12 | 90.70 | -7.62 | -7.09 | 6.98 | 91.86 | 193.02 | 7.48 | 28.52 | 28.3 |
| 23Q3 (16) | 0.47 | -2.08 | -4.08 | 22.26 | 8.69 | 4.9 | 9.96 | 4.95 | 0.91 | 10.24 | 2.09 | 1.59 | 8.15 | 3.95 | 0.74 | 3.92 | -1.26 | -7.98 | 2.81 | -0.71 | -8.77 | 0.34 | -5.56 | -10.53 | 11.32 | 2.91 | 1.34 | 31.01 | -36.47 | -6.6 | 98.18 | 3.54 | -0.1 | 3.64 | -29.7 | 110.91 | 5.82 | 7.58 | 10.44 |
| 23Q2 (15) | 0.48 | -9.43 | -12.73 | 20.48 | -11.95 | -10.65 | 9.49 | -10.39 | -20.32 | 10.03 | -9.48 | -16.35 | 7.84 | -12.11 | -17.65 | 3.97 | -6.81 | -16.07 | 2.83 | -10.73 | -17.49 | 0.36 | 2.86 | 0.0 | 11.00 | -9.54 | -14.33 | 48.81 | 46.31 | 9.39 | 94.83 | -0.35 | -5.17 | 5.17 | 6.9 | 0 | 5.41 | -17.53 | 7.77 |
| 23Q1 (14) | 0.53 | 51.43 | -3.64 | 23.26 | 9.98 | -2.31 | 10.59 | 31.39 | -5.87 | 11.08 | 32.85 | -3.06 | 8.92 | 35.15 | -2.83 | 4.26 | 43.43 | -9.94 | 3.17 | 43.44 | -10.45 | 0.35 | 6.06 | -7.89 | 12.16 | 31.46 | -1.54 | 33.36 | -7.46 | 4.38 | 95.16 | -2.52 | -3.35 | 4.84 | 103.23 | 214.52 | 6.56 | 12.52 | -5.88 |
| 22Q4 (13) | 0.35 | -28.57 | -7.89 | 21.15 | -0.33 | -5.79 | 8.06 | -18.34 | -15.6 | 8.34 | -17.26 | -13.49 | 6.60 | -18.42 | -14.51 | 2.97 | -30.28 | -11.61 | 2.21 | -28.25 | -11.24 | 0.33 | -13.16 | 3.13 | 9.25 | -17.19 | -13.15 | 36.05 | 8.58 | -0.28 | 97.62 | -0.67 | -2.38 | 2.38 | 38.1 | 0 | 5.83 | 10.63 | -8.19 |
| 22Q3 (12) | 0.49 | -10.91 | 19.51 | 21.22 | -7.42 | 3.92 | 9.87 | -17.13 | 6.93 | 10.08 | -15.93 | 9.09 | 8.09 | -15.02 | 9.92 | 4.26 | -9.94 | 13.0 | 3.08 | -10.2 | 10.39 | 0.38 | 5.56 | 0.0 | 11.17 | -13.01 | 8.34 | 33.20 | -25.59 | -4.63 | 98.28 | -1.72 | -1.72 | 1.72 | 0 | 0 | 5.27 | 4.98 | 1.74 |
| 22Q2 (11) | 0.55 | 0.0 | 25.0 | 22.92 | -3.74 | -8.58 | 11.91 | 5.87 | -0.58 | 11.99 | 4.9 | -1.07 | 9.52 | 3.7 | -1.65 | 4.73 | 0.0 | 10.77 | 3.43 | -3.11 | 5.86 | 0.36 | -5.26 | 9.09 | 12.84 | 3.97 | -4.11 | 44.62 | 39.61 | 21.45 | 100.00 | 1.56 | 0.0 | 0.00 | -100.0 | -100.0 | 5.02 | -27.98 | -25.74 |
| 22Q1 (10) | 0.55 | 44.74 | 61.76 | 23.81 | 6.06 | -3.56 | 11.25 | 17.8 | 13.64 | 11.43 | 18.57 | 10.22 | 9.18 | 18.91 | 10.07 | 4.73 | 40.77 | 37.9 | 3.54 | 42.17 | 32.58 | 0.38 | 18.75 | 18.75 | 12.35 | 15.96 | 4.13 | 31.96 | -11.59 | 16.26 | 98.46 | -1.54 | 3.64 | 1.54 | 0 | -69.23 | 6.97 | 9.76 | -14.06 |
| 21Q4 (9) | 0.38 | -7.32 | -13.64 | 22.45 | 9.94 | -8.29 | 9.55 | 3.47 | -25.85 | 9.64 | 4.33 | -25.5 | 7.72 | 4.89 | -25.84 | 3.36 | -10.88 | -27.59 | 2.49 | -10.75 | -29.46 | 0.32 | -15.79 | -5.88 | 10.65 | 3.3 | -24.52 | 36.15 | 3.85 | 19.11 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 6.35 | 22.59 | 5.13 |
| 21Q3 (8) | 0.41 | -6.82 | 24.24 | 20.42 | -18.55 | -14.88 | 9.23 | -22.95 | -5.53 | 9.24 | -23.76 | -5.42 | 7.36 | -23.97 | -5.88 | 3.77 | -11.71 | 4.72 | 2.79 | -13.89 | 2.2 | 0.38 | 15.15 | 8.57 | 10.31 | -23.0 | -8.36 | 34.81 | -5.25 | 4.88 | 100.00 | 0.0 | 0.0 | 0.00 | -100.0 | 0 | 5.18 | -23.37 | -27.25 |
| 21Q2 (7) | 0.44 | 29.41 | 25.71 | 25.07 | 1.54 | -1.96 | 11.98 | 21.01 | 10.21 | 12.12 | 16.88 | 12.22 | 9.68 | 16.07 | 0.83 | 4.27 | 24.49 | 9.49 | 3.24 | 21.35 | 10.2 | 0.33 | 3.13 | 6.45 | 13.39 | 12.9 | 11.03 | 36.74 | 33.65 | 15.83 | 100.00 | 5.26 | 0.0 | 1.92 | -61.54 | 0 | 6.76 | -16.65 | -12.55 |
| 21Q1 (6) | 0.34 | -22.73 | 36.0 | 24.69 | 0.86 | 15.48 | 9.90 | -23.14 | 42.24 | 10.37 | -19.86 | 52.95 | 8.34 | -19.88 | 18.63 | 3.43 | -26.08 | 16.27 | 2.67 | -24.36 | 21.36 | 0.32 | -5.88 | 3.23 | 11.86 | -15.95 | 43.58 | 27.49 | -9.42 | -18.84 | 95.00 | -5.0 | -8.96 | 5.00 | 0 | 215.0 | 8.11 | 34.27 | 14.06 |
| 20Q4 (5) | 0.44 | 33.33 | 120.0 | 24.48 | 2.04 | 71.55 | 12.88 | 31.83 | 222.81 | 12.94 | 32.45 | 265.54 | 10.41 | 33.12 | 156.4 | 4.64 | 28.89 | 96.61 | 3.53 | 29.3 | 102.87 | 0.34 | -2.86 | -20.93 | 14.11 | 25.42 | 223.62 | 30.35 | -8.56 | -13.43 | 100.00 | 0.0 | -11.11 | 0.00 | 0 | 100.0 | 6.04 | -15.17 | 21.04 |
| 20Q3 (4) | 0.33 | -5.71 | 0.0 | 23.99 | -6.18 | 0.0 | 9.77 | -10.12 | 0.0 | 9.77 | -9.54 | 0.0 | 7.82 | -18.54 | 0.0 | 3.60 | -7.69 | 0.0 | 2.73 | -7.14 | 0.0 | 0.35 | 12.9 | 0.0 | 11.25 | -6.72 | 0.0 | 33.19 | 4.63 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 7.12 | -7.89 | 0.0 |
| 20Q2 (3) | 0.35 | 40.0 | 0.0 | 25.57 | 19.6 | 0.0 | 10.87 | 56.18 | 0.0 | 10.80 | 59.29 | 0.0 | 9.60 | 36.56 | 0.0 | 3.90 | 32.2 | 0.0 | 2.94 | 33.64 | 0.0 | 0.31 | 0.0 | 0.0 | 12.06 | 46.0 | 0.0 | 31.72 | -6.35 | 0.0 | 100.00 | -4.17 | 0.0 | -0.00 | 100.0 | 0.0 | 7.73 | 8.72 | 0.0 |
| 20Q1 (2) | 0.25 | 25.0 | 0.0 | 21.38 | 49.82 | 0.0 | 6.96 | 74.44 | 0.0 | 6.78 | 91.53 | 0.0 | 7.03 | 73.15 | 0.0 | 2.95 | 25.0 | 0.0 | 2.20 | 26.44 | 0.0 | 0.31 | -27.91 | 0.0 | 8.26 | 89.45 | 0.0 | 33.87 | -3.39 | 0.0 | 104.35 | -7.25 | 0.0 | -4.35 | 65.22 | 0.0 | 7.11 | 42.48 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 14.27 | 0.0 | 0.0 | 3.99 | 0.0 | 0.0 | 3.54 | 0.0 | 0.0 | 4.06 | 0.0 | 0.0 | 2.36 | 0.0 | 0.0 | 1.74 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 4.36 | 0.0 | 0.0 | 35.06 | 0.0 | 0.0 | 112.50 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | 4.99 | 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) | 1.84 | -5.64 | 22.48 | 0.81 | 9.83 | -4.66 | 0.57 | 13.38 | 10.34 | -1.52 | 8.23 | -1.79 | 14.95 | -9.72 | 11.24 | -7.79 | 1.36 | -6.21 | 11.42 | -0.61 | 30.60 | -15.12 | 95.41 | -2.9 | 5.05 | 190.14 | 9.88 | 1.37 | 6.24 | 7.96 |
| 2022 (9) | 1.95 | 24.2 | 22.30 | -2.92 | 10.31 | 1.88 | 0.50 | -24.59 | 10.50 | 2.14 | 8.38 | 1.95 | 16.56 | 11.82 | 12.19 | 9.43 | 1.45 | 7.41 | 11.49 | 0.17 | 36.05 | -0.28 | 98.26 | -0.67 | 1.74 | 7.25 | 9.75 | -5.47 | 5.78 | -10.94 |
| 2021 (8) | 1.57 | 14.6 | 22.97 | -3.85 | 10.12 | -1.08 | 0.67 | -17.79 | 10.28 | 0.88 | 8.22 | -6.06 | 14.81 | -1.66 | 11.14 | -2.19 | 1.35 | 3.85 | 11.47 | -1.12 | 36.15 | 19.11 | 98.92 | -1.73 | 1.62 | 0 | 10.31 | -16.94 | 6.49 | -6.75 |
| 2020 (7) | 1.37 | 136.21 | 23.89 | 61.53 | 10.23 | 169.92 | 0.81 | 29.39 | 10.19 | 178.42 | 8.75 | 178.66 | 15.06 | 109.75 | 11.39 | 110.54 | 1.30 | -23.98 | 11.60 | 145.76 | 30.35 | -13.43 | 100.66 | -3.85 | -0.66 | 0 | 12.42 | -10.84 | 6.96 | 37.01 |
| 2019 (6) | 0.58 | 70.59 | 14.79 | 2.35 | 3.79 | 63.36 | 0.63 | 155.14 | 3.66 | 40.77 | 3.14 | 59.39 | 7.18 | 62.08 | 5.41 | 74.52 | 1.71 | 9.62 | 4.72 | 42.6 | 35.06 | 7.02 | 104.69 | 15.71 | -3.12 | 0 | 13.93 | -8.45 | 5.08 | -5.05 |
| 2018 (5) | 0.34 | 21.43 | 14.45 | 8.48 | 2.32 | 13.17 | 0.25 | -10.59 | 2.60 | 66.67 | 1.97 | 34.93 | 4.43 | 16.27 | 3.10 | 24.5 | 1.56 | 0.0 | 3.31 | 47.11 | 32.76 | -40.52 | 90.48 | -31.53 | 11.90 | 0 | 15.21 | 0 | 5.35 | 17.84 |
| 2017 (4) | 0.28 | -24.32 | 13.32 | 12.5 | 2.05 | 17.82 | 0.27 | 37.95 | 1.56 | 11.43 | 1.46 | -16.09 | 3.81 | -27.29 | 2.49 | -21.7 | 1.56 | -6.59 | 2.25 | 10.29 | 55.08 | -30.07 | 132.14 | 5.71 | -32.14 | 0 | 0.00 | 0 | 4.54 | 20.42 |
| 2016 (3) | 0.37 | 42.31 | 11.84 | 15.4 | 1.74 | 107.14 | 0.20 | 31.94 | 1.40 | 14.75 | 1.74 | 43.8 | 5.24 | 38.62 | 3.18 | 34.18 | 1.67 | -2.34 | 2.04 | 22.89 | 78.77 | -3.97 | 125.00 | 76.47 | -25.00 | 0 | 0.00 | 0 | 3.77 | 3.86 |
| 2015 (2) | 0.26 | 85.71 | 10.26 | 5.23 | 0.84 | 127.03 | 0.15 | -24.25 | 1.22 | 52.5 | 1.21 | 83.33 | 3.78 | 75.81 | 2.37 | 62.33 | 1.71 | -2.84 | 1.66 | 33.87 | 82.03 | 0.04 | 70.83 | 41.67 | 29.17 | -48.15 | 0.00 | 0 | 3.63 | 5.52 |
| 2014 (1) | 0.14 | -33.33 | 9.75 | 0 | 0.37 | 0 | 0.20 | -5.96 | 0.80 | 0 | 0.66 | 0 | 2.15 | 0 | 1.46 | 0 | 1.76 | 10.0 | 1.24 | -18.95 | 82.00 | -5.78 | 50.00 | -47.37 | 56.25 | 1025.0 | 0.00 | 0 | 3.44 | 6.17 |
