- 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) | 3.33 | 0.91 | 13.27 | 44.62 | -2.77 | -7.39 | 32.66 | -0.27 | -3.74 | 32.15 | -1.05 | -7.35 | 25.86 | -9.29 | -7.31 | 7.58 | -6.19 | 7.21 | 3.80 | 3.54 | 7.04 | 0.14 | 16.67 | 16.67 | 38.51 | -1.86 | -7.98 | 93.04 | -23.71 | 1.15 | 101.55 | 0.51 | 3.73 | -1.55 | -125.23 | -173.53 | 12.48 | -7.62 | -14.52 |
| 24Q2 (19) | 3.30 | 6.11 | 7.84 | 45.89 | -7.14 | -4.57 | 32.75 | -6.85 | -3.7 | 32.49 | -8.43 | -5.85 | 28.51 | 0.67 | 4.2 | 8.08 | 10.99 | 12.69 | 3.67 | 3.97 | 7.0 | 0.12 | 0.0 | 0.0 | 39.24 | -7.06 | -4.66 | 121.96 | -9.55 | -1.37 | 101.03 | 1.7 | 2.53 | -0.69 | -169.42 | -146.91 | 13.51 | -8.16 | -7.15 |
| 24Q1 (18) | 3.11 | -3.72 | -1.89 | 49.42 | -0.84 | -0.22 | 35.16 | -9.47 | 0.43 | 35.48 | -5.81 | 1.23 | 28.32 | -7.03 | 1.51 | 7.28 | 0.97 | 1.25 | 3.53 | -8.07 | -9.95 | 0.12 | 0.0 | -14.29 | 42.22 | -5.36 | 1.64 | 134.84 | 38.48 | 27.71 | 99.34 | -3.45 | -0.31 | 0.99 | 130.79 | 0 | 14.71 | 39.04 | 0.34 |
| 23Q4 (17) | 3.23 | 9.86 | -1.82 | 49.84 | 3.45 | 0.26 | 38.84 | 14.47 | 4.72 | 37.67 | 8.56 | 3.72 | 30.46 | 9.18 | 4.6 | 7.21 | 1.98 | -0.55 | 3.84 | 8.17 | -9.43 | 0.12 | 0.0 | -14.29 | 44.61 | 6.59 | 4.23 | 97.37 | 5.86 | 33.69 | 102.89 | 5.11 | 0.81 | -3.22 | -252.73 | -55.41 | 10.58 | -27.53 | -14.88 |
| 23Q3 (16) | 2.94 | -3.92 | 1.03 | 48.18 | 0.19 | 2.25 | 33.93 | -0.24 | 5.9 | 34.70 | 0.55 | 4.05 | 27.90 | 1.97 | 3.87 | 7.07 | -1.39 | 2.32 | 3.55 | 3.5 | -4.05 | 0.12 | 0.0 | -7.69 | 41.85 | 1.68 | 4.08 | 91.98 | -25.62 | 17.4 | 97.89 | -0.65 | 1.87 | 2.11 | 43.68 | -46.11 | 14.60 | 0.34 | -3.63 |
| 23Q2 (15) | 3.06 | -3.47 | 6.99 | 48.09 | -2.91 | 2.49 | 34.01 | -2.86 | 3.72 | 34.51 | -1.54 | 4.77 | 27.36 | -1.94 | 3.52 | 7.17 | -0.28 | 9.8 | 3.43 | -12.5 | -4.19 | 0.12 | -14.29 | -7.69 | 41.16 | -0.91 | 3.37 | 123.66 | 17.12 | 16.42 | 98.53 | -1.11 | -1.07 | 1.47 | 0 | 269.23 | 14.55 | -0.75 | 2.97 |
| 23Q1 (14) | 3.17 | -3.65 | 13.62 | 49.53 | -0.36 | 5.68 | 35.01 | -5.61 | 6.77 | 35.05 | -3.5 | 7.25 | 27.90 | -4.19 | 6.45 | 7.19 | -0.83 | 17.48 | 3.92 | -7.55 | 8.59 | 0.14 | 0.0 | 7.69 | 41.54 | -2.94 | 4.19 | 105.58 | 44.97 | 46.42 | 99.65 | -2.37 | -0.76 | 0.00 | 100.0 | 100.0 | 14.66 | 17.94 | 2.16 |
| 22Q4 (13) | 3.29 | 13.06 | 24.15 | 49.71 | 5.5 | 7.69 | 37.09 | 15.76 | 10.55 | 36.32 | 8.91 | 10.83 | 29.12 | 8.41 | 10.81 | 7.25 | 4.92 | 16.56 | 4.24 | 14.59 | 18.77 | 0.14 | 7.69 | 7.69 | 42.80 | 6.44 | 5.89 | 72.83 | -7.05 | -6.21 | 102.07 | 6.22 | -0.08 | -2.07 | -152.97 | 3.59 | 12.43 | -17.95 | 2.05 |
| 22Q3 (12) | 2.91 | 1.75 | 16.87 | 47.12 | 0.43 | 5.86 | 32.04 | -2.29 | 5.43 | 33.35 | 1.24 | 10.07 | 26.86 | 1.63 | 10.04 | 6.91 | 5.82 | 22.95 | 3.70 | 3.35 | 12.46 | 0.13 | 0.0 | 0.0 | 40.21 | 0.98 | 6.04 | 78.35 | -26.24 | -4.59 | 96.09 | -3.52 | -4.35 | 3.91 | 884.38 | 951.56 | 15.15 | 7.22 | 8.45 |
| 22Q2 (11) | 2.86 | 2.51 | 28.25 | 46.92 | 0.11 | 8.11 | 32.79 | 0.0 | 10.81 | 32.94 | 0.8 | 14.41 | 26.43 | 0.84 | 14.47 | 6.53 | 6.7 | 35.76 | 3.58 | -0.83 | 18.15 | 0.13 | 0.0 | 0.0 | 39.82 | -0.13 | 8.92 | 106.22 | 47.3 | 46.17 | 99.60 | -0.8 | -3.36 | 0.40 | 197.22 | 115.56 | 14.13 | -1.53 | 4.05 |
| 22Q1 (10) | 2.79 | 5.28 | 17.23 | 46.87 | 1.54 | 3.65 | 32.79 | -2.27 | 6.63 | 32.68 | -0.27 | 8.14 | 26.21 | -0.27 | 8.08 | 6.12 | -1.61 | 13.12 | 3.61 | 1.12 | 2.27 | 0.13 | 0.0 | -7.14 | 39.87 | -1.36 | 6.63 | 72.11 | -7.13 | 30.4 | 100.41 | -1.7 | -1.49 | -0.41 | 80.98 | 78.78 | 14.35 | 17.82 | 2.06 |
| 21Q4 (9) | 2.65 | 6.43 | 14.22 | 46.16 | 3.71 | 5.97 | 33.55 | 10.4 | 5.97 | 32.77 | 8.15 | 7.09 | 26.28 | 7.66 | 7.05 | 6.22 | 10.68 | 11.27 | 3.57 | 8.51 | -0.56 | 0.13 | 0.0 | -7.14 | 40.42 | 6.59 | 5.76 | 77.65 | -5.44 | 31.68 | 102.15 | 1.68 | -1.26 | -2.15 | -367.81 | 37.77 | 12.18 | -12.81 | 6.94 |
| 21Q3 (8) | 2.49 | 11.66 | 15.81 | 44.51 | 2.56 | 4.12 | 30.39 | 2.7 | 3.9 | 30.30 | 5.24 | 6.32 | 24.41 | 5.72 | 5.72 | 5.62 | 16.84 | 2.37 | 3.29 | 8.58 | 0.92 | 0.13 | 0.0 | -7.14 | 37.92 | 3.72 | 5.07 | 82.12 | 13.0 | 36.03 | 100.46 | -2.53 | -2.17 | -0.46 | 82.02 | 82.94 | 13.97 | 2.87 | 3.33 |
| 21Q2 (7) | 2.23 | -6.3 | 6.19 | 43.40 | -4.02 | -1.68 | 29.59 | -3.77 | -1.89 | 28.79 | -4.73 | -2.34 | 23.09 | -4.78 | -1.95 | 4.81 | -11.09 | -6.78 | 3.03 | -14.16 | -2.26 | 0.13 | -7.14 | 0.0 | 36.56 | -2.22 | -1.83 | 72.67 | 31.41 | -16.61 | 103.06 | 1.12 | 0.89 | -2.55 | -32.65 | -18.62 | 13.58 | -3.41 | -1.02 |
| 21Q1 (6) | 2.38 | 2.59 | 12.8 | 45.22 | 3.81 | 1.53 | 30.75 | -2.87 | 2.09 | 30.22 | -1.24 | 0.94 | 24.25 | -1.22 | 1.04 | 5.41 | -3.22 | 8.63 | 3.53 | -1.67 | 10.31 | 0.14 | 0.0 | 7.69 | 37.39 | -2.17 | -1.68 | 55.30 | -6.22 | -3.94 | 101.92 | -1.47 | 1.38 | -1.92 | 44.23 | -255.77 | 14.06 | 23.44 | -0.35 |
| 20Q4 (5) | 2.32 | 7.91 | 12.62 | 43.56 | 1.89 | 1.18 | 31.66 | 8.24 | 4.11 | 30.60 | 7.37 | 4.37 | 24.55 | 6.32 | 3.85 | 5.59 | 1.82 | 8.75 | 3.59 | 10.12 | 11.84 | 0.14 | 0.0 | 7.69 | 38.22 | 5.9 | 0.16 | 58.97 | -2.32 | -5.99 | 103.45 | 0.74 | -0.47 | -3.45 | -28.28 | 12.32 | 11.39 | -15.75 | -5.32 |
| 20Q3 (4) | 2.15 | 2.38 | 0.0 | 42.75 | -3.15 | 0.0 | 29.25 | -3.02 | 0.0 | 28.50 | -3.32 | 0.0 | 23.09 | -1.95 | 0.0 | 5.49 | 6.4 | 0.0 | 3.26 | 5.16 | 0.0 | 0.14 | 7.69 | 0.0 | 36.09 | -3.09 | 0.0 | 60.37 | -30.72 | 0.0 | 102.69 | 0.53 | 0.0 | -2.69 | -25.0 | 0.0 | 13.52 | -1.46 | 0.0 |
| 20Q2 (3) | 2.10 | -0.47 | 0.0 | 44.14 | -0.9 | 0.0 | 30.16 | 0.13 | 0.0 | 29.48 | -1.54 | 0.0 | 23.55 | -1.87 | 0.0 | 5.16 | 3.61 | 0.0 | 3.10 | -3.13 | 0.0 | 0.13 | 0.0 | 0.0 | 37.24 | -2.08 | 0.0 | 87.14 | 51.36 | 0.0 | 102.15 | 1.6 | 0.0 | -2.15 | -297.85 | 0.0 | 13.72 | -2.76 | 0.0 |
| 20Q1 (2) | 2.11 | 2.43 | 0.0 | 44.54 | 3.46 | 0.0 | 30.12 | -0.95 | 0.0 | 29.94 | 2.11 | 0.0 | 24.00 | 1.52 | 0.0 | 4.98 | -3.11 | 0.0 | 3.20 | -0.31 | 0.0 | 0.13 | 0.0 | 0.0 | 38.03 | -0.34 | 0.0 | 57.57 | -8.23 | 0.0 | 100.54 | -3.26 | 0.0 | -0.54 | 86.25 | 0.0 | 14.11 | 17.29 | 0.0 |
| 19Q4 (1) | 2.06 | 0.0 | 0.0 | 43.05 | 0.0 | 0.0 | 30.41 | 0.0 | 0.0 | 29.32 | 0.0 | 0.0 | 23.64 | 0.0 | 0.0 | 5.14 | 0.0 | 0.0 | 3.21 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 38.16 | 0.0 | 0.0 | 62.73 | 0.0 | 0.0 | 103.93 | 0.0 | 0.0 | -3.93 | 0.0 | 0.0 | 12.03 | 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) | 11.84 | -0.08 | 48.91 | 2.58 | 35.47 | 5.19 | 5.43 | -2.82 | 35.50 | 4.87 | 28.42 | 4.56 | 26.55 | 1.8 | 14.78 | -3.46 | 0.50 | -9.09 | 42.31 | 3.93 | 97.37 | 33.69 | 99.91 | 0.3 | 0.09 | -77.35 | 0.70 | -23.96 | 13.58 | -2.93 |
| 2022 (9) | 11.85 | 21.54 | 47.68 | 6.36 | 33.72 | 8.46 | 5.58 | -11.63 | 33.85 | 10.84 | 27.18 | 10.85 | 26.08 | 15.5 | 15.31 | 10.7 | 0.55 | 0.0 | 40.71 | 6.77 | 72.83 | -6.21 | 99.62 | -2.21 | 0.38 | 0 | 0.92 | -11.17 | 13.99 | 4.09 |
| 2021 (8) | 9.75 | 12.46 | 44.83 | 2.52 | 31.09 | 2.57 | 6.32 | -5.21 | 30.54 | 3.07 | 24.52 | 3.03 | 22.58 | 8.35 | 13.83 | 3.75 | 0.55 | 1.85 | 38.13 | 1.98 | 77.65 | 31.68 | 101.87 | -0.36 | -1.75 | 0 | 1.04 | -21.71 | 13.44 | 2.13 |
| 2020 (7) | 8.67 | 10.73 | 43.73 | 4.09 | 30.31 | 7.41 | 6.67 | -25.23 | 29.63 | 4.92 | 23.80 | 4.62 | 20.84 | 9.11 | 13.33 | -5.19 | 0.54 | -10.0 | 37.39 | -1.71 | 58.97 | -5.99 | 102.24 | 2.39 | -2.24 | 0 | 1.33 | 62.69 | 13.16 | -0.9 |
| 2019 (6) | 7.83 | 5.67 | 42.01 | 6.87 | 28.22 | 12.7 | 8.92 | 50.06 | 28.24 | 6.17 | 22.75 | 6.21 | 19.10 | -20.71 | 14.06 | -28.85 | 0.60 | -34.78 | 38.04 | 16.47 | 62.73 | 275.4 | 99.85 | 5.99 | 0.00 | 0 | 0.81 | -20.32 | 13.28 | -1.7 |
| 2018 (5) | 7.41 | 15.78 | 39.31 | 11.83 | 25.04 | 16.36 | 5.94 | -8.46 | 26.60 | 21.85 | 21.42 | 17.89 | 24.09 | -29.21 | 19.76 | -22.36 | 0.92 | -34.29 | 32.66 | 14.76 | 16.71 | -51.34 | 94.21 | -4.56 | 5.79 | 348.12 | 1.02 | 0 | 13.51 | 6.21 |
| 2017 (4) | 6.40 | 20.98 | 35.15 | 10.71 | 21.52 | 13.14 | 6.49 | -14.89 | 21.83 | 13.05 | 18.17 | 13.0 | 34.03 | 10.38 | 25.45 | 12.46 | 1.40 | -0.71 | 28.46 | 4.75 | 34.34 | 3.68 | 98.71 | 0.02 | 1.29 | -17.67 | 0.00 | 0 | 12.72 | 7.34 |
| 2016 (3) | 5.29 | 22.74 | 31.75 | 5.13 | 19.02 | 9.88 | 7.63 | -10.34 | 19.31 | 9.16 | 16.08 | 8.5 | 30.83 | 11.26 | 22.63 | 12.7 | 1.41 | 4.44 | 27.17 | 2.99 | 33.12 | -16.8 | 98.69 | 0.99 | 1.57 | -30.89 | 0.00 | 0 | 11.85 | -1.58 |
| 2015 (2) | 4.31 | 6.95 | 30.20 | 8.32 | 17.31 | 14.48 | 8.51 | -6.32 | 17.69 | 5.49 | 14.82 | 5.78 | 27.71 | 5.12 | 20.08 | 5.41 | 1.35 | -0.74 | 26.38 | 1.54 | 39.81 | 9.85 | 97.73 | 8.31 | 2.27 | -76.75 | 0.00 | 0 | 12.04 | -0.82 |
| 2014 (1) | 4.03 | 28.34 | 27.88 | 0 | 15.12 | 0 | 9.08 | -7.51 | 16.77 | 0 | 14.01 | 0 | 26.36 | 0 | 19.05 | 0 | 1.36 | 0.0 | 25.98 | 9.34 | 36.24 | -12.21 | 90.23 | -1.62 | 9.77 | 17.87 | 0.00 | 0 | 12.14 | 1.93 |
