- 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) | 6.27 | 20.11 | 19.89 | 39.65 | 0.05 | 5.17 | 23.59 | 5.5 | 13.03 | 28.94 | 11.39 | 15.34 | 22.64 | 10.49 | 14.29 | 3.94 | 19.76 | 10.67 | 2.74 | 21.78 | 15.61 | 0.12 | 9.09 | 9.09 | 32.47 | 5.87 | 8.6 | 40.25 | -17.87 | -8.52 | 81.58 | -5.16 | -1.76 | 18.42 | 31.75 | 9.75 | 8.61 | -31.45 | -35.26 |
| 24Q2 (19) | 5.22 | -3.51 | 1.36 | 39.63 | 2.72 | 5.96 | 22.36 | -0.49 | 11.41 | 25.98 | 2.4 | 10.55 | 20.49 | 2.25 | 10.52 | 3.29 | -4.91 | -4.64 | 2.25 | -7.79 | 1.81 | 0.11 | -8.33 | 0.0 | 30.67 | 1.35 | 9.81 | 49.01 | -9.11 | -31.27 | 86.02 | -3.04 | 0.66 | 13.98 | 22.08 | -3.85 | 12.56 | 20.89 | 10.18 |
| 24Q1 (18) | 5.41 | -1.28 | -24.76 | 38.58 | 2.96 | 2.58 | 22.47 | 4.76 | -7.68 | 25.37 | 7.91 | -4.73 | 20.04 | 6.54 | -4.75 | 3.46 | -4.16 | -26.69 | 2.44 | -5.79 | -21.79 | 0.12 | -7.69 | -14.29 | 30.26 | 10.0 | 1.0 | 53.92 | 24.81 | -5.17 | 88.72 | -2.63 | -2.92 | 11.45 | 31.37 | 32.99 | 10.39 | 2.97 | 6.45 |
| 23Q4 (17) | 5.48 | 4.78 | -34.92 | 37.47 | -0.61 | 0.05 | 21.45 | 2.78 | -16.7 | 23.51 | -6.3 | -11.48 | 18.81 | -5.05 | -10.34 | 3.61 | 1.4 | -37.44 | 2.59 | 9.28 | -29.81 | 0.13 | 18.18 | -23.53 | 27.51 | -7.99 | -5.43 | 43.20 | -1.82 | -18.74 | 91.11 | 9.72 | -6.1 | 8.72 | -48.06 | 183.33 | 10.09 | -24.14 | 15.45 |
| 23Q3 (16) | 5.23 | 1.55 | -51.12 | 37.70 | 0.8 | 0.83 | 20.87 | 3.99 | -23.61 | 25.09 | 6.77 | -12.73 | 19.81 | 6.85 | -12.5 | 3.56 | 3.19 | -54.71 | 2.37 | 7.24 | -47.45 | 0.11 | 0.0 | -42.11 | 29.90 | 7.05 | -3.24 | 44.00 | -38.3 | -34.54 | 83.04 | -2.83 | -12.59 | 16.78 | 15.42 | 241.58 | 13.30 | 16.67 | 65.63 |
| 23Q2 (15) | 5.15 | -28.37 | -47.61 | 37.40 | -0.56 | 1.85 | 20.07 | -17.54 | -23.46 | 23.50 | -11.75 | -11.79 | 18.54 | -11.88 | -11.97 | 3.45 | -26.91 | -54.0 | 2.21 | -29.17 | -49.31 | 0.11 | -21.43 | -47.62 | 27.93 | -6.78 | -1.34 | 71.31 | 25.41 | -20.85 | 85.46 | -6.49 | -13.15 | 14.54 | 68.86 | 808.46 | 11.40 | 16.8 | 29.25 |
| 23Q1 (14) | 7.19 | -14.61 | -17.64 | 37.61 | 0.43 | 3.47 | 24.34 | -5.48 | -4.55 | 26.63 | 0.26 | 1.99 | 21.04 | 0.29 | 1.69 | 4.72 | -18.2 | -31.4 | 3.12 | -15.45 | -32.03 | 0.14 | -17.65 | -36.36 | 29.96 | 2.99 | 8.24 | 56.86 | 6.96 | 2.03 | 91.39 | -5.82 | -6.42 | 8.61 | 179.88 | 268.35 | 9.76 | 11.67 | -13.4 |
| 22Q4 (13) | 8.42 | -21.31 | 11.08 | 37.45 | 0.16 | 3.6 | 25.75 | -5.75 | 7.74 | 26.56 | -7.62 | 7.31 | 20.98 | -7.33 | 10.02 | 5.77 | -26.59 | -5.56 | 3.69 | -18.18 | -14.39 | 0.17 | -10.53 | -26.09 | 29.09 | -5.86 | 10.82 | 53.16 | -20.92 | 21.48 | 97.03 | 2.14 | 0.45 | 3.08 | -37.38 | -9.52 | 8.74 | 8.84 | -26.12 |
| 22Q3 (12) | 10.70 | 8.85 | 49.86 | 37.39 | 1.82 | 3.66 | 27.32 | 4.2 | 4.63 | 28.75 | 7.92 | 7.64 | 22.64 | 7.5 | 8.22 | 7.86 | 4.8 | 21.11 | 4.51 | 3.44 | -1.96 | 0.19 | -9.52 | -13.64 | 30.90 | 9.15 | 10.08 | 67.22 | -25.39 | 68.22 | 95.00 | -3.45 | -2.88 | 4.91 | 206.97 | 112.66 | 8.03 | -8.96 | 5.1 |
| 22Q2 (11) | 9.83 | 12.6 | 40.23 | 36.72 | 1.02 | 1.86 | 26.22 | 2.82 | -3.67 | 26.64 | 2.03 | -3.06 | 21.06 | 1.79 | -3.62 | 7.50 | 9.01 | 13.46 | 4.36 | -5.01 | -7.63 | 0.21 | -4.55 | -4.55 | 28.31 | 2.28 | -1.74 | 90.10 | 61.67 | 114.07 | 98.40 | 0.75 | -0.68 | 1.60 | -31.53 | 72.2 | 8.82 | -21.74 | 15.45 |
| 22Q1 (10) | 8.73 | 15.17 | -6.03 | 36.35 | 0.55 | 0.03 | 25.50 | 6.69 | -9.06 | 26.11 | 5.49 | -7.87 | 20.69 | 8.5 | -9.81 | 6.88 | 12.6 | -29.29 | 4.59 | 6.5 | -28.62 | 0.22 | -4.35 | -21.43 | 27.68 | 5.45 | -6.49 | 55.73 | 27.35 | 45.78 | 97.66 | 1.1 | -1.3 | 2.34 | -31.25 | 122.1 | 11.27 | -4.73 | 32.43 |
| 21Q4 (9) | 7.58 | 6.16 | 13.98 | 36.15 | 0.22 | 5.86 | 23.90 | -8.46 | 6.89 | 24.75 | -7.34 | 11.94 | 19.07 | -8.84 | 6.12 | 6.11 | -5.86 | -51.28 | 4.31 | -6.3 | -39.21 | 0.23 | 4.55 | -41.03 | 26.25 | -6.48 | 12.32 | 43.76 | 9.51 | -48.04 | 96.60 | -1.25 | -4.5 | 3.40 | 47.17 | 395.84 | 11.83 | 54.84 | 4.78 |
| 21Q3 (8) | 7.14 | 1.85 | 64.52 | 36.07 | 0.06 | 4.73 | 26.11 | -4.08 | 10.22 | 26.71 | -2.8 | 37.4 | 20.92 | -4.26 | 44.57 | 6.49 | -1.82 | -30.29 | 4.60 | -2.54 | -20.14 | 0.22 | 0.0 | -45.0 | 28.07 | -2.57 | 33.6 | 39.96 | -5.06 | -41.75 | 97.82 | -1.26 | -19.67 | 2.31 | 148.56 | 110.61 | 7.64 | 0.0 | -28.2 |
| 21Q2 (7) | 7.01 | -24.54 | 120.44 | 36.05 | -0.8 | 32.83 | 27.22 | -2.92 | 125.7 | 27.48 | -3.03 | 81.75 | 21.85 | -4.75 | 115.91 | 6.61 | -32.07 | -11.04 | 4.72 | -26.59 | 4.42 | 0.22 | -21.43 | -51.11 | 28.81 | -2.67 | 62.58 | 42.09 | 10.1 | -23.04 | 99.07 | 0.12 | 24.14 | 0.93 | -11.69 | -95.4 | 7.64 | -10.22 | -46.42 |
| 21Q1 (6) | 9.29 | 39.7 | 290.34 | 36.34 | 6.41 | 39.55 | 28.04 | 25.4 | 105.12 | 28.34 | 28.18 | 57.27 | 22.94 | 27.66 | 74.45 | 9.73 | -22.41 | 76.91 | 6.43 | -9.31 | 97.24 | 0.28 | -28.21 | 12.0 | 29.60 | 26.66 | 46.75 | 38.23 | -54.61 | -38.72 | 98.95 | -2.18 | 30.69 | 1.05 | 191.58 | -95.67 | 8.51 | -24.62 | 0 |
| 20Q4 (5) | 6.65 | 53.23 | 83.7 | 34.15 | -0.84 | 12.93 | 22.36 | -5.61 | 24.99 | 22.11 | 13.73 | 31.53 | 17.97 | 24.19 | 19.56 | 12.54 | 34.69 | 44.47 | 7.09 | 23.09 | 39.57 | 0.39 | -2.5 | 14.71 | 23.37 | 11.23 | 27.5 | 84.22 | 22.77 | 12.52 | 101.15 | -16.94 | -5.04 | -1.15 | 94.72 | 82.35 | 11.29 | 6.11 | 7.73 |
| 20Q3 (4) | 4.34 | 36.48 | 0.0 | 34.44 | 26.9 | 0.0 | 23.69 | 96.43 | 0.0 | 19.44 | 28.57 | 0.0 | 14.47 | 42.98 | 0.0 | 9.31 | 25.3 | 0.0 | 5.76 | 27.43 | 0.0 | 0.40 | -11.11 | 0.0 | 21.01 | 18.57 | 0.0 | 68.60 | 25.43 | 0.0 | 121.77 | 52.59 | 0.0 | -21.77 | -207.82 | 0.0 | 10.64 | -25.39 | 0.0 |
| 20Q2 (3) | 3.18 | 33.61 | 0.0 | 27.14 | 4.22 | 0.0 | 12.06 | -11.78 | 0.0 | 15.12 | -16.09 | 0.0 | 10.12 | -23.04 | 0.0 | 7.43 | 35.09 | 0.0 | 4.52 | 38.65 | 0.0 | 0.45 | 80.0 | 0.0 | 17.72 | -12.15 | 0.0 | 54.69 | -12.34 | 0.0 | 79.80 | 5.4 | 0.0 | 20.20 | -16.84 | 0.0 | 14.26 | 0 | 0.0 |
| 20Q1 (2) | 2.38 | -34.25 | 0.0 | 26.04 | -13.89 | 0.0 | 13.67 | -23.59 | 0.0 | 18.02 | 7.2 | 0.0 | 13.15 | -12.51 | 0.0 | 5.50 | -36.64 | 0.0 | 3.26 | -35.83 | 0.0 | 0.25 | -26.47 | 0.0 | 20.17 | 10.04 | 0.0 | 62.39 | -16.65 | 0.0 | 75.71 | -28.92 | 0.0 | 24.29 | 472.86 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 3.62 | 0.0 | 0.0 | 30.24 | 0.0 | 0.0 | 17.89 | 0.0 | 0.0 | 16.81 | 0.0 | 0.0 | 15.03 | 0.0 | 0.0 | 8.68 | 0.0 | 0.0 | 5.08 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 18.33 | 0.0 | 0.0 | 74.85 | 0.0 | 0.0 | 106.51 | 0.0 | 0.0 | -6.51 | 0.0 | 0.0 | 10.48 | 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) | 23.04 | -38.84 | 37.55 | 1.54 | 21.84 | -16.77 | 2.93 | 97.81 | 24.77 | -8.46 | 19.62 | -8.23 | 15.36 | -45.04 | 10.74 | -43.44 | 0.53 | -39.77 | 28.87 | -0.55 | 43.20 | -18.74 | 88.17 | -9.06 | 11.87 | 289.93 | 0.21 | -24.61 | 11.03 | 20.15 |
| 2022 (9) | 37.67 | 24.82 | 36.98 | 2.3 | 26.24 | 0.11 | 1.48 | 20.5 | 27.06 | 1.23 | 21.38 | 1.38 | 27.95 | -19.96 | 18.99 | -16.08 | 0.88 | -17.76 | 29.03 | 3.31 | 53.16 | 21.48 | 96.96 | -1.12 | 3.04 | 56.64 | 0.27 | 1.0 | 9.18 | 1.89 |
| 2021 (8) | 30.18 | 112.99 | 36.15 | 13.04 | 26.21 | 34.76 | 1.23 | -20.88 | 26.73 | 40.31 | 21.09 | 46.66 | 34.92 | 22.4 | 22.63 | 42.78 | 1.07 | -2.73 | 28.10 | 34.9 | 43.76 | -48.04 | 98.06 | -3.94 | 1.94 | 0 | 0.27 | -33.17 | 9.01 | -25.23 |
| 2020 (7) | 14.17 | 50.58 | 31.98 | 18.53 | 19.45 | 30.89 | 1.55 | -1.95 | 19.05 | 20.19 | 14.38 | 15.04 | 28.53 | 19.52 | 15.85 | 15.19 | 1.10 | 0.0 | 20.83 | 17.15 | 84.22 | 12.52 | 102.08 | 8.87 | -2.08 | 0 | 0.40 | -8.48 | 12.05 | 6.83 |
| 2019 (6) | 9.41 | 26.31 | 26.98 | 25.37 | 14.86 | 39.4 | 1.58 | 48.39 | 15.85 | 33.53 | 12.50 | 31.16 | 23.87 | 7.86 | 13.76 | 14.95 | 1.10 | -12.0 | 17.78 | 33.89 | 74.85 | 3.9 | 93.77 | 4.48 | 6.23 | -39.19 | 0.44 | 0 | 11.28 | 12.91 |
| 2018 (5) | 7.45 | -24.06 | 21.52 | 10.99 | 10.66 | 79.16 | 1.07 | -34.7 | 11.87 | 63.72 | 9.53 | 59.36 | 22.13 | 0 | 11.97 | 0 | 1.25 | 0 | 13.28 | 44.5 | 72.04 | -31.38 | 89.75 | 9.34 | 10.25 | -42.79 | 0.00 | 0 | 9.99 | -39.16 |
| 2017 (4) | 9.81 | 0 | 19.39 | 0 | 5.95 | 0 | 1.64 | 0 | 7.25 | 0 | 5.98 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 9.19 | 0 | 104.99 | 0 | 82.08 | 0 | 17.92 | 0 | 0.00 | 0 | 16.42 | 0 |
