- 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) | 2.90 | -29.1 | -34.83 | 50.94 | 1.86 | 11.27 | 38.10 | 3.34 | 39.77 | 34.00 | -28.3 | -31.93 | 27.07 | -28.65 | -31.81 | 5.24 | -34.74 | -44.2 | 2.36 | -26.71 | -33.33 | 0.09 | 12.5 | 0.0 | 35.61 | -27.52 | -31.07 | 109.34 | -20.67 | -27.14 | 112.15 | 44.05 | 104.85 | -12.15 | -154.86 | -126.66 | 16.78 | -1.47 | 4.68 |
| 24Q2 (19) | 4.09 | -12.04 | 3.28 | 50.01 | -4.98 | 1.28 | 36.87 | 3.77 | 19.09 | 47.42 | -19.35 | 3.95 | 37.94 | -16.67 | 4.17 | 8.03 | -14.03 | -14.67 | 3.22 | -13.44 | -1.53 | 0.08 | 0.0 | -11.11 | 49.13 | -18.85 | 3.78 | 137.83 | -15.94 | -25.68 | 77.85 | 28.4 | 15.1 | 22.15 | -44.15 | -30.79 | 17.03 | -5.81 | -3.46 |
| 24Q1 (18) | 4.65 | 150.0 | 85.26 | 52.63 | 18.19 | 9.99 | 35.53 | 25.73 | 23.67 | 58.80 | 223.43 | 80.53 | 45.53 | 173.45 | 87.14 | 9.34 | 160.89 | 54.64 | 3.72 | 153.06 | 66.82 | 0.08 | -11.11 | -11.11 | 60.54 | 204.68 | 75.73 | 163.97 | 16.63 | -16.15 | 60.63 | -61.17 | -31.6 | 39.66 | 171.76 | 233.46 | 18.08 | -6.03 | -2.48 |
| 23Q4 (17) | 1.86 | -58.2 | -20.51 | 44.53 | -2.73 | -7.84 | 28.26 | 3.67 | 2.58 | 18.18 | -63.6 | -20.68 | 16.65 | -58.06 | -20.33 | 3.58 | -61.87 | -34.91 | 1.47 | -58.47 | -33.78 | 0.09 | 0.0 | -10.0 | 19.87 | -61.54 | -19.62 | 140.59 | -6.31 | -8.67 | 156.14 | 185.2 | 30.27 | -55.26 | -221.27 | -178.29 | 19.24 | 20.02 | 3.27 |
| 23Q3 (16) | 4.45 | 12.37 | 15.89 | 45.78 | -7.29 | 7.21 | 27.26 | -11.95 | 4.89 | 49.95 | 9.49 | 11.72 | 39.70 | 9.01 | 12.18 | 9.39 | -0.21 | -3.69 | 3.54 | 8.26 | -10.38 | 0.09 | 0.0 | -18.18 | 51.66 | 9.13 | 11.34 | 150.06 | -19.09 | 1.98 | 54.75 | -19.06 | -5.69 | 45.57 | 42.41 | 8.63 | 16.03 | -9.13 | -2.2 |
| 23Q2 (15) | 3.96 | 57.77 | 47.21 | 49.38 | 3.2 | 37.59 | 30.96 | 7.76 | 39.15 | 45.62 | 40.07 | 53.97 | 36.42 | 49.69 | 57.19 | 9.41 | 55.79 | 25.8 | 3.27 | 46.64 | 6.51 | 0.09 | 0.0 | -30.77 | 47.34 | 37.42 | 51.78 | 185.46 | -5.16 | 23.1 | 67.64 | -23.7 | -9.98 | 32.00 | 169.09 | 28.68 | 17.64 | -4.85 | 14.62 |
| 23Q1 (14) | 2.51 | 7.26 | -2.33 | 47.85 | -0.97 | 12.85 | 28.73 | 4.28 | 10.03 | 32.57 | 42.1 | -9.1 | 24.33 | 16.41 | -12.83 | 6.04 | 9.82 | -16.69 | 2.23 | 0.45 | -32.22 | 0.09 | -10.0 | -25.0 | 34.45 | 39.36 | -8.26 | 195.55 | 27.03 | 40.33 | 88.65 | -26.04 | 21.56 | 11.89 | 159.88 | -56.07 | 18.54 | -0.48 | -2.73 |
| 22Q4 (13) | 2.34 | -39.06 | 15.84 | 48.32 | 13.16 | 12.01 | 27.55 | 6.0 | -0.68 | 22.92 | -48.74 | -14.64 | 20.90 | -40.94 | -1.09 | 5.50 | -43.59 | -3.68 | 2.22 | -43.8 | -19.57 | 0.10 | -9.09 | -23.08 | 24.72 | -46.72 | -13.32 | 153.94 | 4.61 | 48.46 | 119.86 | 106.47 | 15.75 | -19.86 | -147.34 | -460.0 | 18.63 | 13.67 | 6.34 |
| 22Q3 (12) | 3.84 | 42.75 | 176.26 | 42.70 | 18.97 | 19.84 | 25.99 | 16.81 | 27.71 | 44.71 | 50.89 | 117.36 | 35.39 | 52.74 | 129.51 | 9.75 | 30.35 | 136.08 | 3.95 | 28.66 | 107.89 | 0.11 | -15.38 | -8.33 | 46.40 | 48.77 | 108.82 | 147.15 | -2.33 | 32.54 | 58.05 | -22.73 | -41.37 | 41.95 | 68.68 | 4178.65 | 16.39 | 6.5 | -3.36 |
| 22Q2 (11) | 2.69 | 4.67 | 195.6 | 35.89 | -15.35 | -6.49 | 22.25 | -14.78 | 6.92 | 29.63 | -17.3 | 131.12 | 23.17 | -16.98 | 111.99 | 7.48 | 3.17 | 168.1 | 3.07 | -6.69 | 151.64 | 0.13 | 8.33 | 18.18 | 31.19 | -16.94 | 112.32 | 150.66 | 8.12 | 19.69 | 75.13 | 3.02 | -53.34 | 24.87 | -8.14 | 140.76 | 15.39 | -19.25 | -13.68 |
| 22Q1 (10) | 2.57 | 27.23 | 42.78 | 42.40 | -1.72 | 0.12 | 26.11 | -5.88 | -11.28 | 35.83 | 33.45 | 20.8 | 27.91 | 32.09 | 22.25 | 7.25 | 26.97 | 34.26 | 3.29 | 19.2 | 30.56 | 0.12 | -7.69 | 9.09 | 37.55 | 31.66 | 18.94 | 139.35 | 34.39 | 4.73 | 72.93 | -29.57 | -26.5 | 27.07 | 863.43 | 3392.27 | 19.06 | 8.79 | -0.21 |
| 21Q4 (9) | 2.02 | 45.32 | 34.67 | 43.14 | 21.08 | -8.29 | 27.74 | 36.31 | -6.76 | 26.85 | 30.53 | 15.34 | 21.13 | 37.03 | 5.49 | 5.71 | 38.26 | 28.89 | 2.76 | 45.26 | 22.67 | 0.13 | 8.33 | 18.18 | 28.52 | 28.35 | 12.73 | 103.69 | -6.6 | 4.66 | 103.55 | 4.57 | -18.52 | -3.55 | -461.7 | 87.39 | 17.52 | 3.3 | -8.99 |
| 21Q3 (8) | 1.39 | 52.75 | 32.38 | 35.63 | -7.17 | -8.03 | 20.35 | -2.21 | -10.86 | 20.57 | 60.45 | 16.02 | 15.42 | 41.08 | 4.54 | 4.13 | 48.03 | 27.86 | 1.90 | 55.74 | 16.56 | 0.12 | 9.09 | 9.09 | 22.22 | 51.26 | 12.56 | 111.02 | -11.8 | 14.99 | 99.02 | -38.5 | -23.23 | 0.98 | 101.61 | 103.38 | 16.96 | -4.88 | -7.98 |
| 21Q2 (7) | 0.91 | -49.44 | -50.81 | 38.38 | -9.37 | -20.22 | 20.81 | -29.29 | -36.19 | 12.82 | -56.78 | -56.17 | 10.93 | -52.12 | -52.83 | 2.79 | -48.33 | -53.42 | 1.22 | -51.59 | -58.08 | 0.11 | 0.0 | -15.38 | 14.69 | -53.47 | -52.83 | 125.88 | -5.4 | 24.45 | 161.02 | 62.27 | 45.25 | -61.02 | -7971.19 | -424.75 | 17.83 | -6.65 | 2.83 |
| 21Q1 (6) | 1.80 | 20.0 | 42.86 | 42.35 | -9.97 | -2.62 | 29.43 | -1.08 | 42.04 | 29.66 | 27.41 | 24.88 | 22.83 | 13.98 | 23.27 | 5.40 | 21.9 | 35.34 | 2.52 | 12.0 | 23.53 | 0.11 | 0.0 | 0.0 | 31.57 | 24.78 | 21.38 | 133.06 | 34.31 | 18.95 | 99.22 | -21.92 | 14.69 | 0.78 | 102.76 | -93.73 | 19.10 | -0.78 | -6.23 |
| 20Q4 (5) | 1.50 | 42.86 | 78.57 | 47.04 | 21.42 | 23.14 | 29.75 | 30.31 | 77.61 | 23.28 | 31.3 | 81.31 | 20.03 | 35.8 | 67.62 | 4.43 | 37.15 | 71.71 | 2.25 | 38.04 | 59.57 | 0.11 | 0.0 | -8.33 | 25.30 | 28.17 | 69.23 | 99.07 | 2.61 | 20.48 | 127.08 | -1.47 | -2.24 | -28.12 | 2.97 | 6.25 | 19.25 | 4.45 | -6.33 |
| 20Q3 (4) | 1.05 | -43.24 | 0.0 | 38.74 | -19.48 | 0.0 | 22.83 | -29.99 | 0.0 | 17.73 | -39.38 | 0.0 | 14.75 | -36.34 | 0.0 | 3.23 | -46.08 | 0.0 | 1.63 | -43.99 | 0.0 | 0.11 | -15.38 | 0.0 | 19.74 | -36.61 | 0.0 | 96.55 | -4.55 | 0.0 | 128.99 | 16.36 | 0.0 | -28.99 | -149.28 | 0.0 | 18.43 | 6.29 | 0.0 |
| 20Q2 (3) | 1.85 | 46.83 | 0.0 | 48.11 | 10.62 | 0.0 | 32.61 | 57.38 | 0.0 | 29.25 | 23.16 | 0.0 | 23.17 | 25.11 | 0.0 | 5.99 | 50.13 | 0.0 | 2.91 | 42.65 | 0.0 | 0.13 | 18.18 | 0.0 | 31.14 | 19.72 | 0.0 | 101.15 | -9.57 | 0.0 | 110.85 | 28.13 | 0.0 | -11.63 | -194.08 | 0.0 | 17.34 | -14.87 | 0.0 |
| 20Q1 (2) | 1.26 | 50.0 | 0.0 | 43.49 | 13.85 | 0.0 | 20.72 | 23.7 | 0.0 | 23.75 | 84.97 | 0.0 | 18.52 | 54.98 | 0.0 | 3.99 | 54.65 | 0.0 | 2.04 | 44.68 | 0.0 | 0.11 | -8.33 | 0.0 | 26.01 | 73.98 | 0.0 | 111.86 | 36.03 | 0.0 | 86.52 | -33.45 | 0.0 | 12.36 | 141.2 | 0.0 | 20.37 | -0.88 | 0.0 |
| 19Q4 (1) | 0.84 | 0.0 | 0.0 | 38.20 | 0.0 | 0.0 | 16.75 | 0.0 | 0.0 | 12.84 | 0.0 | 0.0 | 11.95 | 0.0 | 0.0 | 2.58 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 14.95 | 0.0 | 0.0 | 82.23 | 0.0 | 0.0 | 130.00 | 0.0 | 0.0 | -30.00 | 0.0 | 0.0 | 20.55 | 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) | 12.65 | 10.58 | 46.83 | 10.81 | 28.78 | 13.26 | 1.40 | -0.19 | 36.60 | 10.81 | 29.33 | 9.89 | 26.50 | -7.15 | 10.83 | -12.94 | 0.37 | -19.57 | 38.35 | 10.65 | 140.59 | -8.67 | 78.65 | 2.29 | 21.35 | -7.61 | 0.00 | 0 | 17.85 | 3.3 |
| 2022 (9) | 11.44 | 86.93 | 42.26 | 5.97 | 25.41 | 3.46 | 1.40 | -16.34 | 33.03 | 46.73 | 26.69 | 51.65 | 28.54 | 65.83 | 12.44 | 45.16 | 0.46 | -6.12 | 34.66 | 42.81 | 153.94 | 48.46 | 76.89 | -29.5 | 23.11 | 0 | 0.00 | 0 | 17.28 | -2.98 |
| 2021 (8) | 6.12 | 8.32 | 39.88 | -10.4 | 24.56 | -8.26 | 1.67 | -12.86 | 22.51 | -4.9 | 17.60 | -8.62 | 17.21 | 2.99 | 8.57 | -2.39 | 0.49 | 8.89 | 24.27 | -5.6 | 103.69 | 4.66 | 109.07 | -3.55 | -9.07 | 0 | 0.00 | 0 | 17.81 | -5.22 |
| 2020 (7) | 5.65 | 4.63 | 44.51 | 20.79 | 26.77 | 30.52 | 1.92 | 0.12 | 23.67 | 5.81 | 19.26 | 8.14 | 16.71 | 0.42 | 8.78 | 1.62 | 0.45 | -6.25 | 25.71 | 5.37 | 99.07 | 20.48 | 113.09 | 23.34 | -13.09 | 0 | 0.00 | 0 | 18.79 | 3.75 |
| 2019 (6) | 5.40 | 5.88 | 36.85 | 10.16 | 20.51 | 18.55 | 1.92 | 12.64 | 22.37 | 11.91 | 17.81 | 11.45 | 16.64 | -0.3 | 8.64 | 4.85 | 0.48 | -5.88 | 24.40 | 11.42 | 82.23 | -21.7 | 91.69 | 6.22 | 8.31 | -37.86 | 0.00 | 0 | 18.11 | -5.92 |
| 2018 (5) | 5.10 | 0.2 | 33.45 | -12.66 | 17.30 | -29.76 | 1.70 | -8.28 | 19.99 | -11.04 | 15.98 | -8.69 | 16.69 | -13.7 | 8.24 | -16.94 | 0.51 | -8.93 | 21.90 | -11.3 | 105.02 | 3.12 | 86.32 | -21.15 | 13.37 | 0 | 0.00 | 0 | 19.25 | 5.25 |
| 2017 (4) | 5.09 | 44.6 | 38.30 | 5.34 | 24.63 | 32.63 | 1.86 | -19.25 | 22.47 | 20.48 | 17.50 | 36.83 | 19.34 | 67.59 | 9.92 | 50.3 | 0.56 | 9.8 | 24.69 | 14.89 | 101.84 | 13.62 | 109.48 | 9.95 | -9.48 | 0 | 0.00 | 0 | 18.29 | 5.48 |
| 2016 (3) | 3.52 | -33.08 | 36.36 | -3.14 | 18.57 | 5.99 | 2.30 | 9.62 | 18.65 | -44.08 | 12.79 | -52.19 | 11.54 | -36.14 | 6.60 | -41.23 | 0.51 | 21.43 | 21.49 | -39.74 | 89.63 | 37.43 | 99.57 | 90.04 | 0.43 | -99.1 | 0.00 | 0 | 17.34 | -15.17 |
| 2015 (2) | 5.26 | 41.78 | 37.54 | 12.16 | 17.52 | 17.11 | 2.10 | 118.78 | 33.35 | 99.58 | 26.75 | 107.2 | 18.07 | 25.75 | 11.23 | 19.34 | 0.42 | -42.47 | 35.66 | 101.01 | 65.22 | 14.24 | 52.40 | -41.36 | 47.31 | 343.94 | 0.00 | 0 | 20.44 | 20.66 |
| 2014 (1) | 3.71 | 0 | 33.47 | 0 | 14.96 | 0 | 0.96 | 0 | 16.71 | 0 | 12.91 | 0 | 14.37 | 0 | 9.41 | 0 | 0.73 | 0 | 17.74 | 0 | 57.09 | 19.46 | 89.34 | 0 | 10.66 | 0 | 0.00 | 0 | 16.94 | 0 |
