- 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) | 2.75 | 8.27 | 18.03 | 42.10 | 4.39 | 6.31 | 14.87 | 10.89 | 8.7 | 13.58 | 2.11 | 0.37 | 10.77 | 1.99 | -0.09 | 4.61 | 3.13 | 10.02 | 1.88 | -5.53 | -20.34 | 0.16 | -11.11 | -23.81 | 54.90 | -9.91 | -2.9 | 177.29 | 12.17 | 113.17 | 109.21 | 7.67 | 7.53 | -9.21 | -544.74 | -489.47 | 36.53 | -3.87 | 0.5 |
| 24Q2 (19) | 2.54 | 25.12 | 22.71 | 40.33 | -0.25 | 2.05 | 13.41 | 7.28 | 11.19 | 13.30 | 6.83 | 8.22 | 10.56 | 6.99 | 3.43 | 4.47 | 26.27 | 14.62 | 1.99 | 8.74 | -11.16 | 0.18 | 0.0 | -18.18 | 60.94 | 21.88 | 28.48 | 158.05 | 54.88 | 100.29 | 101.43 | 1.43 | 3.31 | -1.43 | 0 | -178.57 | 38.00 | -6.29 | -0.03 |
| 24Q1 (18) | 2.03 | -19.12 | 16.0 | 40.43 | 1.74 | 0.52 | 12.50 | -0.24 | 2.8 | 12.45 | 0.08 | 3.75 | 9.87 | -6.89 | 2.81 | 3.54 | -18.62 | 8.26 | 1.83 | -21.79 | -3.17 | 0.18 | -18.18 | -5.26 | 50.00 | -4.58 | 9.84 | 102.05 | 7.75 | 35.94 | 100.00 | 0.0 | -2.04 | 0.00 | 0 | 100.0 | 40.55 | 9.39 | -1.51 |
| 23Q4 (17) | 2.51 | 7.73 | 2.03 | 39.74 | 0.35 | -3.61 | 12.53 | -8.41 | 2.37 | 12.44 | -8.06 | -3.86 | 10.60 | -1.67 | -1.21 | 4.35 | 3.82 | 6.62 | 2.34 | -0.85 | -2.09 | 0.22 | 4.76 | 0.0 | 52.40 | -7.32 | -14.99 | 94.71 | 13.88 | 23.59 | 100.00 | -1.54 | 5.45 | 0.00 | 100.0 | -100.0 | 37.07 | 1.98 | -3.89 |
| 23Q3 (16) | 2.33 | 12.56 | 14.78 | 39.60 | 0.2 | -0.55 | 13.68 | 13.43 | 2.55 | 13.53 | 10.09 | -1.24 | 10.78 | 5.58 | -3.14 | 4.19 | 7.44 | 6.89 | 2.36 | 5.36 | 12.38 | 0.21 | -4.55 | 10.53 | 56.54 | 19.21 | 9.28 | 83.17 | 5.4 | 22.31 | 101.56 | 3.44 | 3.44 | -1.56 | -185.94 | -185.94 | 36.35 | -4.37 | -5.93 |
| 23Q2 (15) | 2.07 | 18.29 | 6.7 | 39.52 | -1.74 | -4.01 | 12.06 | -0.82 | 8.16 | 12.29 | 2.42 | 12.86 | 10.21 | 6.35 | 18.03 | 3.90 | 19.27 | -0.76 | 2.24 | 18.52 | 32.54 | 0.22 | 15.79 | 15.79 | 47.43 | 4.2 | -8.65 | 78.91 | 5.12 | -29.25 | 98.18 | -3.82 | -4.05 | 1.82 | 187.27 | 178.18 | 38.01 | -7.68 | -11.19 |
| 23Q1 (14) | 1.75 | -28.86 | 4.79 | 40.22 | -2.45 | 6.6 | 12.16 | -0.65 | 32.32 | 12.00 | -7.26 | 37.14 | 9.60 | -10.53 | 21.37 | 3.27 | -19.85 | -1.21 | 1.89 | -20.92 | 24.34 | 0.19 | -13.64 | 5.56 | 45.52 | -26.15 | -11.18 | 75.07 | -2.04 | -62.15 | 102.08 | 7.65 | -4.1 | -2.08 | -140.28 | 67.71 | 41.17 | 6.74 | -1.25 |
| 22Q4 (13) | 2.46 | 21.18 | 56.69 | 41.23 | 3.54 | 20.1 | 12.24 | -8.25 | 22.89 | 12.94 | -5.55 | 30.71 | 10.73 | -3.59 | 25.94 | 4.08 | 4.08 | 12.09 | 2.39 | 13.81 | 20.71 | 0.22 | 15.79 | -4.35 | 61.64 | 19.13 | 37.37 | 76.63 | 12.69 | -14.01 | 94.83 | -3.42 | -7.19 | 5.17 | 184.48 | 0 | 38.57 | -0.18 | 5.82 |
| 22Q3 (12) | 2.03 | 4.64 | 50.37 | 39.82 | -3.28 | 1.97 | 13.34 | 19.64 | 53.69 | 13.70 | 25.8 | 54.11 | 11.13 | 28.67 | 53.09 | 3.92 | -0.25 | 148.1 | 2.10 | 24.26 | 89.19 | 0.19 | 0.0 | 26.67 | 51.74 | -0.35 | 23.9 | 68.00 | -39.03 | -17.99 | 98.18 | -4.05 | -1.82 | 1.82 | 178.18 | -43.64 | 38.64 | -9.72 | -6.4 |
| 22Q2 (11) | 1.94 | 16.17 | 57.72 | 41.17 | 9.12 | 5.81 | 11.15 | 21.33 | 23.75 | 10.89 | 24.46 | 13.2 | 8.65 | 9.36 | 8.67 | 3.93 | 18.73 | 224.79 | 1.69 | 11.18 | 70.71 | 0.19 | 5.56 | 58.33 | 51.92 | 1.31 | 17.44 | 111.53 | -43.76 | 394.59 | 102.33 | -3.88 | 9.15 | -2.33 | 63.95 | -137.21 | 42.80 | 2.66 | 3.08 |
| 22Q1 (10) | 1.67 | 6.37 | 67.0 | 37.73 | 9.9 | -3.01 | 9.19 | -7.73 | 7.86 | 8.75 | -11.62 | 0.0 | 7.91 | -7.16 | 7.62 | 3.31 | -9.07 | 106.87 | 1.52 | -23.23 | 21.6 | 0.18 | -21.74 | 5.88 | 51.25 | 14.22 | 11.85 | 198.31 | 122.52 | 800.18 | 106.45 | 4.19 | 6.45 | -6.45 | 0 | -267.74 | 41.69 | 14.38 | -0.33 |
| 21Q4 (9) | 1.57 | 16.3 | -5.42 | 34.33 | -12.09 | -11.52 | 9.96 | 14.75 | -23.97 | 9.90 | 11.36 | -24.66 | 8.52 | 17.19 | -20.3 | 3.64 | 130.38 | -21.21 | 1.98 | 78.38 | -37.93 | 0.23 | 53.33 | -23.33 | 44.87 | 7.45 | -18.73 | 89.12 | 7.48 | 76.51 | 102.17 | 2.17 | 2.17 | 0.00 | -100.0 | 0 | 36.45 | -11.7 | 14.48 |
| 21Q3 (8) | 1.35 | 9.76 | 8.87 | 39.05 | 0.36 | -5.24 | 8.68 | -3.66 | -33.54 | 8.89 | -7.59 | -32.24 | 7.27 | -8.67 | -30.5 | 1.58 | 30.58 | -55.74 | 1.11 | 12.12 | -54.88 | 0.15 | 25.0 | -34.78 | 41.76 | -5.54 | -16.9 | 82.92 | 267.72 | 113.88 | 100.00 | 6.67 | 0.0 | 3.23 | -48.39 | 0 | 41.28 | -0.58 | 7.36 |
| 21Q2 (7) | 1.23 | 23.0 | 11.82 | 38.91 | 0.03 | -2.97 | 9.01 | 5.75 | -23.06 | 9.62 | 9.94 | -18.96 | 7.96 | 8.3 | -18.94 | 1.21 | -24.38 | -62.31 | 0.99 | -20.8 | -53.3 | 0.12 | -29.41 | -45.45 | 44.21 | -3.51 | -1.86 | 22.55 | 2.36 | -56.93 | 93.75 | -6.25 | -1.79 | 6.25 | 62.5 | 0 | 41.52 | -0.74 | 13.88 |
| 21Q1 (6) | 1.00 | -39.76 | 2.04 | 38.90 | 0.26 | -3.35 | 8.52 | -34.96 | -27.74 | 8.75 | -33.41 | -27.39 | 7.35 | -31.24 | -23.99 | 1.60 | -65.37 | -43.26 | 1.25 | -60.82 | -34.55 | 0.17 | -43.33 | -15.0 | 45.82 | -17.01 | 0.81 | 22.03 | -56.37 | -56.65 | 100.00 | 0.0 | 5.26 | 3.85 | 0 | 0 | 41.83 | 31.38 | 28.19 |
| 20Q4 (5) | 1.66 | 33.87 | 16.08 | 38.80 | -5.85 | -12.22 | 13.10 | 0.31 | 14.21 | 13.14 | 0.15 | 14.06 | 10.69 | 2.2 | 11.59 | 4.62 | 29.41 | -1.28 | 3.19 | 29.67 | 9.25 | 0.30 | 30.43 | 0.0 | 55.21 | 9.87 | 41.96 | 50.49 | 30.23 | 12.68 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 31.84 | -17.19 | -6.98 |
| 20Q3 (4) | 1.24 | 12.73 | 0.0 | 41.21 | 2.77 | 0.0 | 13.06 | 11.53 | 0.0 | 13.12 | 10.53 | 0.0 | 10.46 | 6.52 | 0.0 | 3.57 | 11.21 | 0.0 | 2.46 | 16.04 | 0.0 | 0.23 | 4.55 | 0.0 | 50.25 | 11.54 | 0.0 | 38.77 | -25.95 | 0.0 | 100.00 | 4.76 | 0.0 | 0.00 | 0 | 0.0 | 38.45 | 5.46 | 0.0 |
| 20Q2 (3) | 1.10 | 12.24 | 0.0 | 40.10 | -0.37 | 0.0 | 11.71 | -0.68 | 0.0 | 11.87 | -1.49 | 0.0 | 9.82 | 1.55 | 0.0 | 3.21 | 13.83 | 0.0 | 2.12 | 10.99 | 0.0 | 0.22 | 10.0 | 0.0 | 45.05 | -0.88 | 0.0 | 52.36 | 3.03 | 0.0 | 95.45 | 0.48 | 0.0 | 0.00 | 0 | 0.0 | 36.46 | 11.74 | 0.0 |
| 20Q1 (2) | 0.98 | -31.47 | 0.0 | 40.25 | -8.94 | 0.0 | 11.79 | 2.79 | 0.0 | 12.05 | 4.6 | 0.0 | 9.67 | 0.94 | 0.0 | 2.82 | -39.74 | 0.0 | 1.91 | -34.59 | 0.0 | 0.20 | -33.33 | 0.0 | 45.45 | 16.87 | 0.0 | 50.82 | 13.41 | 0.0 | 95.00 | -5.0 | 0.0 | 0.00 | 0 | 0.0 | 32.63 | -4.67 | 0.0 |
| 19Q4 (1) | 1.43 | 0.0 | 0.0 | 44.20 | 0.0 | 0.0 | 11.47 | 0.0 | 0.0 | 11.52 | 0.0 | 0.0 | 9.58 | 0.0 | 0.0 | 4.68 | 0.0 | 0.0 | 2.92 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 38.89 | 0.0 | 0.0 | 44.81 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 34.23 | 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) | 8.66 | 9.34 | 39.76 | -0.8 | 12.63 | 9.16 | 6.12 | -15.36 | 12.59 | 7.7 | 10.33 | 6.6 | 15.23 | 13.83 | 8.33 | 10.77 | 0.79 | 3.95 | 50.68 | -6.94 | 94.71 | 23.59 | 100.43 | 1.52 | -0.43 | 0 | 3.77 | -26.16 | 38.00 | -5.75 |
| 2022 (9) | 7.92 | 54.99 | 40.08 | 6.99 | 11.57 | 26.59 | 7.24 | 11.39 | 11.69 | 25.03 | 9.69 | 23.44 | 13.38 | 1.67 | 7.52 | -0.27 | 0.76 | -20.83 | 54.46 | 23.13 | 76.63 | -14.01 | 98.93 | 1.18 | 1.07 | -51.87 | 5.11 | -21.56 | 40.32 | 1.08 |
| 2021 (8) | 5.11 | 3.65 | 37.46 | -6.3 | 9.14 | -26.88 | 6.50 | 174.55 | 9.35 | -25.97 | 7.85 | -23.26 | 13.16 | -4.22 | 7.54 | -19.1 | 0.96 | 5.49 | 44.23 | -11.2 | 89.12 | 76.51 | 97.78 | -1.24 | 2.22 | 124.44 | 6.51 | -7.58 | 39.89 | 15.06 |
| 2020 (7) | 4.93 | -3.52 | 39.98 | -5.28 | 12.50 | 4.25 | 2.37 | 16.85 | 12.63 | -5.32 | 10.23 | -2.94 | 13.74 | -19.03 | 9.32 | -4.21 | 0.91 | -1.09 | 49.81 | 0.87 | 50.49 | 12.68 | 99.01 | 10.58 | 0.99 | -90.54 | 7.04 | -42.85 | 34.67 | 5.67 |
| 2019 (6) | 5.11 | 8.26 | 42.21 | 4.38 | 11.99 | -14.3 | 2.02 | 932.71 | 13.34 | -3.82 | 10.54 | -7.3 | 16.97 | -50.35 | 9.73 | -24.69 | 0.92 | -17.86 | 49.38 | 70.16 | 44.81 | -71.44 | 89.53 | -10.47 | 10.47 | 0 | 12.32 | -35.1 | 32.81 | 8.14 |
| 2018 (5) | 4.72 | 0 | 40.44 | 44.27 | 13.99 | 0 | 0.20 | -98.92 | 13.87 | 0 | 11.37 | 0 | 34.18 | 0 | 12.92 | 0 | 1.12 | 31.76 | 29.02 | 30.49 | 156.92 | -15.22 | 100.00 | -36.36 | -1.41 | 0 | 18.99 | 0 | 30.34 | 37.04 |
| 2017 (4) | -0.05 | 0 | 28.03 | -9.08 | -1.82 | 0 | 18.12 | -13.09 | -1.15 | 0 | -0.72 | 0 | -0.80 | 0 | -0.61 | 0 | 0.85 | 88.89 | 22.24 | -41.83 | 185.08 | 794.11 | 157.14 | 47.24 | -57.14 | 0 | 0.00 | 0 | 22.14 | 20.39 |
| 2016 (3) | 0.50 | -9.09 | 30.83 | -12.84 | 11.06 | -38.49 | 20.85 | 1.73 | 10.38 | -38.4 | 8.13 | -8.03 | 4.54 | -8.1 | 3.73 | -9.25 | 0.45 | 2.27 | 38.23 | -9.58 | 20.70 | -23.22 | 106.72 | -0.39 | -6.72 | 0 | 0.00 | 0 | 18.39 | 4.73 |
| 2015 (2) | 0.55 | 0 | 35.37 | 0 | 17.98 | 0 | 20.50 | 0 | 16.85 | 0 | 8.84 | 0 | 4.94 | 0 | 4.11 | 0 | 0.44 | 0 | 42.28 | 0 | 26.96 | 1.77 | 107.14 | 0 | -6.63 | 0 | 0.00 | 0 | 17.56 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 26.49 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
