- 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) | 7.27 | 29.59 | 5.52 | 46.00 | 4.86 | 3.39 | 15.53 | 25.75 | 0.19 | 15.57 | 18.95 | 2.5 | 12.46 | 19.01 | 2.55 | 12.69 | 12.8 | -6.0 | 2.97 | 25.85 | 0.34 | 0.23 | 9.52 | 0.0 | 27.53 | 7.08 | 3.19 | 324.97 | -13.88 | -4.25 | 99.69 | 5.57 | -2.4 | 0.21 | -96.24 | 110.38 | 14.33 | -3.7 | 6.62 |
| 24Q2 (19) | 5.61 | -17.26 | 22.22 | 43.87 | -0.88 | 5.99 | 12.35 | -17.94 | 9.39 | 13.09 | -12.32 | 17.29 | 10.47 | -12.31 | 16.33 | 11.25 | -10.57 | 9.01 | 2.36 | -17.19 | 18.0 | 0.21 | -8.7 | 0.0 | 25.71 | -4.35 | 8.03 | 377.36 | -13.56 | -9.99 | 94.43 | -6.32 | -6.68 | 5.57 | 797.92 | 568.73 | 14.88 | 5.83 | 6.9 |
| 24Q1 (18) | 6.78 | 3.2 | 5.44 | 44.26 | -3.02 | -1.07 | 15.05 | -0.73 | -4.44 | 14.93 | -0.99 | -3.86 | 11.94 | -1.0 | -3.86 | 12.58 | 10.64 | -0.94 | 2.85 | 0.71 | 2.15 | 0.23 | 4.55 | 9.52 | 26.88 | -1.75 | -4.07 | 436.57 | 42.12 | -9.91 | 100.80 | 0.33 | -0.65 | -0.80 | -69.61 | 45.32 | 14.06 | -2.9 | 7.41 |
| 23Q4 (17) | 6.57 | -4.64 | 2.18 | 45.64 | 2.58 | -0.35 | 15.16 | -2.19 | -6.59 | 15.08 | -0.72 | -6.04 | 12.06 | -0.74 | -5.56 | 11.37 | -15.78 | -0.52 | 2.83 | -4.39 | -1.05 | 0.22 | -4.35 | 4.76 | 27.36 | 2.55 | -4.07 | 307.18 | -9.49 | 1.81 | 100.47 | -1.63 | -0.61 | -0.47 | 76.71 | 56.86 | 14.48 | 7.74 | 8.38 |
| 23Q3 (16) | 6.89 | 50.11 | 13.51 | 44.49 | 7.49 | 3.37 | 15.50 | 37.29 | 2.58 | 15.19 | 36.11 | 2.91 | 12.15 | 35.0 | 2.88 | 13.50 | 30.81 | 11.02 | 2.96 | 48.0 | 8.82 | 0.23 | 9.52 | 4.55 | 26.68 | 12.1 | -0.78 | 339.39 | -19.04 | 0.99 | 102.13 | 0.93 | -0.19 | -2.02 | -69.99 | 13.02 | 13.44 | -3.45 | 11.35 |
| 23Q2 (15) | 4.59 | -28.62 | 61.62 | 41.39 | -7.49 | 2.63 | 11.29 | -28.32 | 33.93 | 11.16 | -28.14 | 37.1 | 9.00 | -27.54 | 37.2 | 10.32 | -18.74 | 84.95 | 2.00 | -28.32 | 53.85 | 0.21 | 0.0 | 16.67 | 23.80 | -15.06 | 4.57 | 419.22 | -13.49 | 3.1 | 101.19 | -0.27 | -2.38 | -1.19 | 18.59 | 67.45 | 13.92 | 6.34 | 2.13 |
| 23Q1 (14) | 6.43 | 0.0 | 28.34 | 44.74 | -2.31 | 3.93 | 15.75 | -2.96 | 14.38 | 15.53 | -3.24 | 15.9 | 12.42 | -2.74 | 15.97 | 12.70 | 11.11 | 31.74 | 2.79 | -2.45 | 29.77 | 0.21 | 0.0 | 10.53 | 28.02 | -1.75 | 4.32 | 484.58 | 60.61 | 35.74 | 101.46 | 0.36 | -1.35 | -1.46 | -33.82 | 48.82 | 13.09 | -2.02 | 2.03 |
| 22Q4 (13) | 6.43 | 5.93 | 17.12 | 45.80 | 6.41 | 3.6 | 16.23 | 7.41 | 10.56 | 16.05 | 8.74 | 10.01 | 12.77 | 8.13 | 9.43 | 11.43 | -6.0 | -2.89 | 2.86 | 5.15 | 18.67 | 0.21 | -4.55 | 5.0 | 28.52 | 6.06 | 2.85 | 301.71 | -10.22 | -24.92 | 101.09 | -1.2 | 0.37 | -1.09 | 53.03 | -88.73 | 13.36 | 10.69 | 2.22 |
| 22Q3 (12) | 6.07 | 113.73 | 54.85 | 43.04 | 6.72 | -1.06 | 15.11 | 79.24 | 24.46 | 14.76 | 81.33 | 25.83 | 11.81 | 80.03 | 25.91 | 12.16 | 117.92 | 28.13 | 2.72 | 109.23 | 54.55 | 0.22 | 22.22 | 29.41 | 26.89 | 18.15 | 2.2 | 336.07 | -17.35 | -22.41 | 102.32 | -1.28 | -1.08 | -2.32 | 36.4 | 32.51 | 12.07 | -11.45 | -7.86 |
| 22Q2 (11) | 2.84 | -43.31 | -2.41 | 40.33 | -6.32 | -6.27 | 8.43 | -38.78 | -6.33 | 8.14 | -39.25 | -13.22 | 6.56 | -38.75 | -12.53 | 5.58 | -42.12 | -26.48 | 1.30 | -39.53 | 0.0 | 0.18 | -5.26 | 12.5 | 22.76 | -15.26 | -9.97 | 406.62 | 13.9 | -24.37 | 103.65 | 0.78 | 8.21 | -3.65 | -28.01 | -192.86 | 13.63 | 6.24 | -4.82 |
| 22Q1 (10) | 5.01 | -8.74 | -19.19 | 43.05 | -2.62 | -3.32 | 13.77 | -6.2 | -16.04 | 13.40 | -8.16 | -16.56 | 10.71 | -8.23 | -16.59 | 9.64 | -18.1 | -32.96 | 2.15 | -10.79 | -20.66 | 0.19 | -5.0 | -5.0 | 26.86 | -3.14 | -5.85 | 357.00 | -11.16 | -35.74 | 102.85 | 2.11 | 0.6 | -2.85 | -393.5 | -35.14 | 12.83 | -1.84 | 1.66 |
| 21Q4 (9) | 5.49 | 40.05 | 1.1 | 44.21 | 1.63 | 2.74 | 14.68 | 20.92 | -1.94 | 14.59 | 24.38 | 0.55 | 11.67 | 24.41 | 0.52 | 11.77 | 24.03 | 1.29 | 2.41 | 36.93 | -1.63 | 0.20 | 17.65 | 0.0 | 27.73 | 5.4 | 2.86 | 401.84 | -7.22 | 5.73 | 100.72 | -2.63 | -2.37 | -0.58 | 83.2 | 81.75 | 13.07 | -0.23 | 6.0 |
| 21Q3 (8) | 3.92 | 34.71 | -44.24 | 43.50 | 1.09 | -2.88 | 12.14 | 34.89 | -34.02 | 11.73 | 25.05 | -34.94 | 9.38 | 25.07 | -34.95 | 9.49 | 25.03 | -45.37 | 1.76 | 35.38 | -46.5 | 0.17 | 6.25 | -22.73 | 26.31 | 4.07 | -10.81 | 433.12 | -19.44 | 2.62 | 103.44 | 7.99 | 1.43 | -3.44 | -187.51 | -73.89 | 13.10 | -8.52 | 8.35 |
| 21Q2 (7) | 2.91 | -53.06 | -28.68 | 43.03 | -3.37 | 2.77 | 9.00 | -45.12 | -22.61 | 9.38 | -41.59 | -20.78 | 7.50 | -41.59 | -25.89 | 7.59 | -47.22 | -35.02 | 1.30 | -52.03 | -35.96 | 0.16 | -20.0 | -15.79 | 25.28 | -11.39 | 1.12 | 537.63 | -3.22 | 11.7 | 95.79 | -6.31 | -2.33 | 3.93 | 286.31 | 129.56 | 14.32 | 13.47 | 4.75 |
| 21Q1 (6) | 6.20 | 14.18 | 22.53 | 44.53 | 3.49 | 4.16 | 16.40 | 9.55 | 10.74 | 16.06 | 10.68 | 10.91 | 12.84 | 10.59 | 10.88 | 14.38 | 23.75 | 10.7 | 2.71 | 10.61 | 5.45 | 0.20 | 0.0 | -4.76 | 28.53 | 5.82 | 8.98 | 555.54 | 46.17 | 2.11 | 102.24 | -0.9 | -0.02 | -2.11 | 33.36 | 6.82 | 12.62 | 2.35 | -6.93 |
| 20Q4 (5) | 5.43 | -22.76 | 4.62 | 43.03 | -3.93 | -3.8 | 14.97 | -18.64 | -7.13 | 14.51 | -19.52 | -7.99 | 11.61 | -19.49 | -8.0 | 11.62 | -33.1 | -5.22 | 2.45 | -25.53 | -11.23 | 0.20 | -9.09 | -4.76 | 26.96 | -8.61 | -3.4 | 380.06 | -9.95 | 9.46 | 103.17 | 1.17 | 0.94 | -3.17 | -60.05 | -43.44 | 12.33 | 1.99 | 21.0 |
| 20Q3 (4) | 7.03 | 72.3 | 0.0 | 44.79 | 6.97 | 0.0 | 18.40 | 58.21 | 0.0 | 18.03 | 52.28 | 0.0 | 14.42 | 42.49 | 0.0 | 17.37 | 48.72 | 0.0 | 3.29 | 62.07 | 0.0 | 0.22 | 15.79 | 0.0 | 29.50 | 18.0 | 0.0 | 422.06 | -12.31 | 0.0 | 101.98 | 3.98 | 0.0 | -1.98 | -215.53 | 0.0 | 12.09 | -11.56 | 0.0 |
| 20Q2 (3) | 4.08 | -19.37 | 0.0 | 41.87 | -2.06 | 0.0 | 11.63 | -21.47 | 0.0 | 11.84 | -18.23 | 0.0 | 10.12 | -12.61 | 0.0 | 11.68 | -10.08 | 0.0 | 2.03 | -21.01 | 0.0 | 0.19 | -9.52 | 0.0 | 25.00 | -4.51 | 0.0 | 481.31 | -11.53 | 0.0 | 98.07 | -4.1 | 0.0 | 1.71 | 175.62 | 0.0 | 13.67 | 0.81 | 0.0 |
| 20Q1 (2) | 5.06 | -2.5 | 0.0 | 42.75 | -4.43 | 0.0 | 14.81 | -8.13 | 0.0 | 14.48 | -8.18 | 0.0 | 11.58 | -8.24 | 0.0 | 12.99 | 5.95 | 0.0 | 2.57 | -6.88 | 0.0 | 0.21 | 0.0 | 0.0 | 26.18 | -6.2 | 0.0 | 544.04 | 56.69 | 0.0 | 102.27 | 0.06 | 0.0 | -2.27 | -2.59 | 0.0 | 13.56 | 33.07 | 0.0 |
| 19Q4 (1) | 5.19 | 0.0 | 0.0 | 44.73 | 0.0 | 0.0 | 16.12 | 0.0 | 0.0 | 15.77 | 0.0 | 0.0 | 12.62 | 0.0 | 0.0 | 12.26 | 0.0 | 0.0 | 2.76 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 27.91 | 0.0 | 0.0 | 347.20 | 0.0 | 0.0 | 102.21 | 0.0 | 0.0 | -2.21 | 0.0 | 0.0 | 10.19 | 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) | 24.41 | 20.48 | 44.10 | 2.18 | 14.46 | 6.48 | 11.45 | -6.66 | 14.28 | 7.45 | 11.44 | 7.72 | 40.78 | 8.98 | 10.61 | 19.35 | 0.88 | 11.39 | 26.49 | 0.42 | 307.18 | 1.81 | 101.27 | -0.95 | -1.30 | 0 | 0.00 | 0 | 13.74 | 6.18 |
| 2022 (9) | 20.26 | 11.01 | 43.16 | -1.62 | 13.58 | 2.11 | 12.27 | -5.81 | 13.29 | 0.91 | 10.62 | 0.85 | 37.42 | -0.21 | 8.89 | 9.21 | 0.79 | 8.22 | 26.38 | -2.55 | 301.71 | -24.92 | 102.24 | 1.23 | -2.24 | 0 | 0.00 | 0 | 12.94 | -2.19 |
| 2021 (8) | 18.25 | -15.51 | 43.87 | 1.6 | 13.30 | -11.98 | 13.03 | 14.2 | 13.17 | -11.37 | 10.53 | -12.47 | 37.50 | -18.09 | 8.14 | -21.35 | 0.73 | -10.98 | 27.07 | 0.19 | 401.84 | 5.73 | 101.00 | -0.68 | -1.00 | 0 | 0.00 | 0 | 13.23 | 2.88 |
| 2020 (7) | 21.60 | 11.86 | 43.18 | -0.12 | 15.11 | -1.82 | 11.41 | 2.81 | 14.86 | -0.54 | 12.03 | 0.67 | 45.78 | 2.65 | 10.35 | -26.23 | 0.82 | -26.79 | 27.02 | 1.01 | 380.06 | 9.46 | 101.69 | -1.24 | -1.69 | 0 | 0.00 | 0 | 12.86 | 0.31 |
| 2019 (6) | 19.31 | 10.34 | 43.23 | -1.3 | 15.39 | 3.36 | 11.10 | 210.72 | 14.94 | -1.32 | 11.95 | -1.57 | 44.60 | 0.47 | 14.03 | -34.47 | 1.12 | -36.0 | 26.75 | 42.06 | 347.20 | 214.81 | 102.97 | 4.74 | -2.97 | 0 | 0.00 | 0 | 12.82 | -2.51 |
| 2018 (5) | 17.50 | 19.62 | 43.80 | 2.29 | 14.89 | 14.71 | 3.57 | 6.2 | 15.14 | 16.55 | 12.14 | 12.62 | 44.39 | 5.21 | 21.41 | 4.18 | 1.75 | -7.89 | 18.83 | 14.61 | 110.29 | 2.67 | 98.31 | -1.63 | 1.69 | 2808.02 | 0.00 | 0 | 13.15 | 27.92 |
| 2017 (4) | 14.63 | 20.61 | 42.82 | 4.16 | 12.98 | 18.54 | 3.36 | 7.69 | 12.99 | 14.45 | 10.78 | 14.56 | 42.19 | 6.08 | 20.55 | 5.98 | 1.90 | -7.32 | 16.43 | 13.0 | 107.42 | 1.75 | 99.94 | 3.54 | 0.06 | -98.33 | 0.00 | 0 | 10.28 | -8.54 |
| 2016 (3) | 12.13 | 21.3 | 41.11 | 0.37 | 10.95 | 3.69 | 3.12 | -4.63 | 11.35 | 5.58 | 9.41 | 5.61 | 39.77 | 7.31 | 19.39 | 6.89 | 2.05 | 1.49 | 14.54 | 3.19 | 105.57 | -1.49 | 96.52 | -1.77 | 3.48 | 99.65 | 0.00 | 0 | 11.24 | -4.01 |
| 2015 (2) | 10.00 | 21.65 | 40.96 | 1.19 | 10.56 | 8.2 | 3.27 | 1.09 | 10.75 | 5.19 | 8.91 | 5.69 | 37.06 | 6.1 | 18.14 | 3.54 | 2.02 | -1.94 | 14.09 | 4.06 | 107.17 | 3.44 | 98.26 | 2.87 | 1.74 | -61.17 | 0.00 | 0 | 11.71 | -15.76 |
| 2014 (1) | 8.22 | 36.32 | 40.48 | 0 | 9.76 | 0 | 3.24 | -1.33 | 10.22 | 0 | 8.43 | 0 | 34.93 | 0 | 17.52 | 0 | 2.06 | 3.0 | 13.54 | 7.04 | 103.61 | 5.93 | 95.52 | 7.84 | 4.48 | -61.27 | 0.00 | 0 | 13.90 | 1.02 |
