- 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) | 2.67 | 45.9 | 3.09 | 36.93 | 4.15 | 5.51 | 17.66 | 41.96 | 12.77 | 16.61 | 35.15 | -7.62 | 13.01 | 34.96 | -12.57 | 3.37 | 41.0 | -2.03 | 2.40 | 47.24 | 2.13 | 0.18 | 12.5 | 20.0 | 22.30 | 22.39 | -8.68 | 37.51 | -24.98 | -20.16 | 106.52 | 4.86 | 22.36 | -6.52 | -310.87 | -150.4 | 20.11 | -6.42 | -4.69 |
| 24Q2 (19) | 1.83 | -16.82 | -33.7 | 35.46 | 0.51 | 3.93 | 12.44 | -18.53 | -21.42 | 12.29 | -19.2 | -35.55 | 9.64 | -24.57 | -40.64 | 2.39 | -16.14 | -37.11 | 1.63 | -17.26 | -34.54 | 0.16 | 6.67 | 6.67 | 18.22 | -14.74 | -25.84 | 50.00 | -7.66 | -7.72 | 101.59 | 1.59 | 22.46 | -1.59 | 0 | -109.31 | 21.49 | 1.75 | 1.99 |
| 24Q1 (18) | 2.20 | 4.76 | -18.22 | 35.28 | 5.13 | -6.2 | 15.27 | -1.23 | -20.05 | 15.21 | -2.12 | -24.55 | 12.78 | 3.48 | -22.17 | 2.85 | 5.17 | -23.39 | 1.97 | 3.14 | -19.26 | 0.15 | 0.0 | 0.0 | 21.37 | -0.28 | -17.49 | 54.15 | 18.44 | -6.88 | 100.00 | 1.41 | 5.88 | 0.00 | 0 | -100.0 | 21.12 | 13.12 | 5.86 |
| 23Q4 (17) | 2.10 | -18.92 | -17.32 | 33.56 | -4.11 | -4.82 | 15.46 | -1.28 | 0.0 | 15.54 | -13.57 | -1.52 | 12.35 | -17.0 | -7.56 | 2.71 | -21.22 | -23.01 | 1.91 | -18.72 | -16.96 | 0.15 | 0.0 | -11.76 | 21.43 | -12.24 | 4.13 | 45.72 | -2.68 | -15.65 | 98.61 | 13.27 | -0.16 | 0.00 | -100.0 | -100.0 | 18.67 | -11.52 | 5.3 |
| 23Q3 (16) | 2.59 | -6.16 | -23.15 | 35.00 | 2.58 | 4.45 | 15.66 | -1.07 | -17.1 | 17.98 | -5.72 | -14.01 | 14.88 | -8.37 | -11.69 | 3.44 | -9.47 | -29.36 | 2.35 | -5.62 | -21.67 | 0.15 | 0.0 | -16.67 | 24.42 | -0.61 | -2.67 | 46.98 | -13.29 | -21.87 | 87.06 | 4.95 | -3.55 | 12.94 | -24.08 | 32.94 | 21.10 | 0.14 | 23.75 |
| 23Q2 (15) | 2.76 | 2.6 | -21.81 | 34.12 | -9.28 | -11.15 | 15.83 | -17.12 | -28.76 | 19.07 | -5.41 | -22.45 | 16.24 | -1.1 | -16.07 | 3.80 | 2.15 | -29.37 | 2.49 | 2.05 | -28.24 | 0.15 | 0.0 | -16.67 | 24.57 | -5.14 | -15.54 | 54.18 | -6.83 | -20.71 | 82.95 | -12.17 | -8.0 | 17.05 | 206.82 | 73.3 | 21.07 | 5.61 | 22.93 |
| 23Q1 (14) | 2.69 | 5.91 | 11.62 | 37.61 | 6.66 | 5.56 | 19.10 | 23.54 | 2.69 | 20.16 | 27.76 | -4.73 | 16.42 | 22.9 | -4.81 | 3.72 | 5.68 | -0.27 | 2.44 | 6.09 | -9.63 | 0.15 | -11.76 | 0.0 | 25.90 | 25.85 | -3.75 | 58.15 | 7.29 | 36.57 | 94.44 | -4.37 | 7.94 | 5.56 | 125.0 | -55.56 | 19.95 | 12.52 | 2.41 |
| 22Q4 (13) | 2.54 | -24.63 | 3.67 | 35.26 | 5.22 | 4.82 | 15.46 | -18.16 | -13.58 | 15.78 | -24.53 | -16.68 | 13.36 | -20.71 | -13.13 | 3.52 | -27.72 | -8.09 | 2.30 | -23.33 | -19.01 | 0.17 | -5.56 | -5.56 | 20.58 | -17.98 | -13.67 | 54.20 | -9.86 | 49.02 | 98.77 | 9.42 | 5.18 | 2.47 | -74.64 | -59.51 | 17.73 | 3.99 | -0.34 |
| 22Q3 (12) | 3.37 | -4.53 | 32.68 | 33.51 | -12.73 | -10.85 | 18.89 | -14.99 | -11.19 | 20.91 | -14.97 | -13.42 | 16.85 | -12.92 | -14.42 | 4.87 | -9.48 | 18.2 | 3.00 | -13.54 | 0.33 | 0.18 | 0.0 | 20.0 | 25.09 | -13.75 | -17.39 | 60.13 | -12.0 | 67.26 | 90.27 | 0.11 | 2.46 | 9.73 | -1.03 | -18.23 | 17.05 | -0.53 | -10.83 |
| 22Q2 (11) | 3.53 | 46.47 | 56.89 | 38.40 | 7.77 | 1.45 | 22.22 | 19.46 | 9.19 | 24.59 | 16.21 | 21.49 | 19.35 | 12.17 | 21.7 | 5.38 | 44.24 | 41.21 | 3.47 | 28.52 | 29.48 | 0.18 | 20.0 | 5.88 | 29.09 | 8.1 | 12.84 | 68.33 | 60.47 | 60.93 | 90.16 | 3.04 | -9.84 | 9.84 | -21.31 | 0 | 17.14 | -12.01 | -7.05 |
| 22Q1 (10) | 2.41 | -1.63 | 57.52 | 35.63 | 5.92 | 2.5 | 18.60 | 3.97 | 9.99 | 21.16 | 11.72 | 25.5 | 17.25 | 12.16 | 27.21 | 3.73 | -2.61 | 44.02 | 2.70 | -4.93 | 41.36 | 0.15 | -16.67 | 7.14 | 26.91 | 12.88 | 13.98 | 42.58 | 17.07 | -5.15 | 87.50 | -6.82 | -14.18 | 12.50 | 105.0 | 0 | 19.48 | 9.5 | -9.81 |
| 21Q4 (9) | 2.45 | -3.54 | 61.18 | 33.64 | -10.51 | 1.79 | 17.89 | -15.89 | 38.04 | 18.94 | -21.57 | 29.11 | 15.38 | -21.89 | 24.23 | 3.83 | -7.04 | 49.61 | 2.84 | -5.02 | 44.9 | 0.18 | 20.0 | 12.5 | 23.84 | -21.5 | 13.42 | 36.37 | 1.17 | 18.12 | 93.90 | 6.59 | 7.01 | 6.10 | -48.78 | -50.2 | 17.79 | -6.96 | -8.77 |
| 21Q3 (8) | 2.54 | 12.89 | 15.45 | 37.59 | -0.69 | -4.59 | 21.27 | 4.52 | -1.94 | 24.15 | 19.32 | 10.43 | 19.69 | 23.84 | 12.71 | 4.12 | 8.14 | 7.57 | 2.99 | 11.57 | 4.55 | 0.15 | -11.76 | -6.25 | 30.37 | 17.8 | 9.01 | 35.95 | -15.33 | 1.7 | 88.10 | -11.9 | -10.71 | 11.90 | 0 | 792.86 | 19.12 | 3.69 | -2.75 |
| 21Q2 (7) | 2.25 | 47.06 | -18.18 | 37.85 | 8.89 | -7.8 | 20.35 | 20.34 | -18.08 | 20.24 | 20.05 | -16.5 | 15.90 | 17.26 | -21.13 | 3.81 | 47.1 | -24.1 | 2.68 | 40.31 | -28.15 | 0.17 | 21.43 | -5.56 | 25.78 | 9.19 | -12.49 | 42.46 | -5.41 | 21.14 | 100.00 | -1.92 | -2.17 | 0.00 | 0 | 100.0 | 18.44 | -14.63 | 0 |
| 21Q1 (6) | 1.53 | 0.66 | 3.38 | 34.76 | 5.17 | -6.18 | 16.91 | 30.48 | -9.91 | 16.86 | 14.93 | -10.27 | 13.56 | 9.53 | -9.66 | 2.59 | 1.17 | -5.13 | 1.91 | -2.55 | -8.61 | 0.14 | -12.5 | 0.0 | 23.61 | 12.32 | -6.94 | 44.89 | 45.79 | 27.49 | 101.96 | 16.19 | 1.96 | 0.00 | -100.0 | 0 | 21.60 | 10.77 | 1.74 |
| 20Q4 (5) | 1.52 | -30.91 | -27.96 | 33.05 | -16.12 | -12.54 | 12.96 | -40.25 | -34.18 | 14.67 | -32.92 | -24.81 | 12.38 | -29.14 | -19.35 | 2.56 | -33.16 | -32.45 | 1.96 | -31.47 | -28.21 | 0.16 | 0.0 | -11.11 | 21.02 | -24.55 | -16.19 | 30.79 | -12.9 | 5.09 | 87.76 | -11.06 | -12.24 | 12.24 | 818.37 | 895.92 | 19.50 | -0.81 | 2.42 |
| 20Q3 (4) | 2.20 | -20.0 | 0.0 | 39.40 | -4.02 | 0.0 | 21.69 | -12.68 | 0.0 | 21.87 | -9.78 | 0.0 | 17.47 | -13.34 | 0.0 | 3.83 | -23.71 | 0.0 | 2.86 | -23.32 | 0.0 | 0.16 | -11.11 | 0.0 | 27.86 | -5.43 | 0.0 | 35.35 | 0.86 | 0.0 | 98.67 | -3.48 | 0.0 | 1.33 | 160.0 | 0.0 | 19.66 | 0 | 0.0 |
| 20Q2 (3) | 2.75 | 85.81 | 0.0 | 41.05 | 10.8 | 0.0 | 24.84 | 32.34 | 0.0 | 24.24 | 29.0 | 0.0 | 20.16 | 34.31 | 0.0 | 5.02 | 83.88 | 0.0 | 3.73 | 78.47 | 0.0 | 0.18 | 28.57 | 0.0 | 29.46 | 16.12 | 0.0 | 35.05 | -0.45 | 0.0 | 102.22 | 2.22 | 0.0 | -2.22 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.48 | -29.86 | 0.0 | 37.05 | -1.96 | 0.0 | 18.77 | -4.67 | 0.0 | 18.79 | -3.69 | 0.0 | 15.01 | -2.21 | 0.0 | 2.73 | -27.97 | 0.0 | 2.09 | -23.44 | 0.0 | 0.14 | -22.22 | 0.0 | 25.37 | 1.16 | 0.0 | 35.21 | 20.17 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 100.0 | 0.0 | 21.23 | 11.5 | 0.0 |
| 19Q4 (1) | 2.11 | 0.0 | 0.0 | 37.79 | 0.0 | 0.0 | 19.69 | 0.0 | 0.0 | 19.51 | 0.0 | 0.0 | 15.35 | 0.0 | 0.0 | 3.79 | 0.0 | 0.0 | 2.73 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 25.08 | 0.0 | 0.0 | 29.30 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -1.54 | 0.0 | 0.0 | 19.04 | 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) | 10.14 | -14.43 | 35.05 | -1.66 | 16.49 | -12.15 | 5.39 | 21.01 | 18.17 | -11.5 | 14.96 | -10.1 | 13.33 | -21.91 | 9.13 | -23.02 | 0.59 | -15.71 | 24.06 | -4.79 | 45.72 | -15.65 | 90.72 | -0.76 | 9.28 | 8.1 | 0.77 | 3.17 | 20.21 | 13.99 |
| 2022 (9) | 11.85 | 35.12 | 35.64 | -0.75 | 18.77 | -1.88 | 4.45 | -17.07 | 20.53 | 2.24 | 16.64 | 2.97 | 17.07 | 21.93 | 11.86 | 12.1 | 0.70 | 7.69 | 25.27 | -2.17 | 54.20 | 49.02 | 91.41 | -4.03 | 8.59 | 80.92 | 0.75 | -21.33 | 17.73 | -7.03 |
| 2021 (8) | 8.77 | 10.31 | 35.91 | -4.95 | 19.13 | -3.24 | 5.37 | -4.86 | 20.08 | 0.0 | 16.16 | -1.7 | 14.00 | 1.23 | 10.58 | -1.4 | 0.65 | 0.0 | 25.83 | -1.26 | 36.37 | 18.12 | 95.25 | -3.27 | 4.75 | 212.03 | 0.95 | -25.0 | 19.07 | -3.49 |
| 2020 (7) | 7.95 | 1.15 | 37.78 | 0.83 | 19.77 | 5.61 | 5.64 | 20.02 | 20.08 | 8.42 | 16.44 | 12.99 | 13.83 | -13.4 | 10.73 | -9.6 | 0.65 | -18.75 | 26.16 | 10.15 | 30.79 | 5.09 | 98.48 | -2.74 | 1.52 | 0 | 1.27 | -18.42 | 19.76 | -4.91 |
| 2019 (6) | 7.86 | 35.52 | 37.47 | 7.27 | 18.72 | 21.72 | 4.70 | 10.42 | 18.52 | 13.62 | 14.55 | 17.34 | 15.97 | -2.44 | 11.87 | 8.01 | 0.80 | -9.09 | 23.75 | 13.47 | 29.30 | -40.22 | 101.25 | 7.35 | -1.25 | 0 | 1.56 | -36.74 | 20.78 | -1.09 |
| 2018 (5) | 5.80 | -18.08 | 34.93 | -6.3 | 15.38 | -14.79 | 4.26 | 13.11 | 16.30 | -15.63 | 12.40 | -20.26 | 16.37 | -22.82 | 10.99 | -18.65 | 0.88 | 2.33 | 20.93 | -11.09 | 49.01 | -6.4 | 94.32 | 0.86 | 5.68 | -12.41 | 2.46 | 0 | 21.01 | -0.94 |
| 2017 (4) | 7.08 | 0 | 37.28 | 1.25 | 18.05 | 19.93 | 3.77 | -3.47 | 19.32 | 30.36 | 15.55 | 32.68 | 21.21 | 22.11 | 13.51 | 38.99 | 0.86 | 4.88 | 23.54 | 23.12 | 52.36 | -19.38 | 93.51 | -8.1 | 6.49 | 0 | 0.00 | 0 | 21.21 | -5.19 |
| 2016 (3) | 0.00 | 0 | 36.82 | 5.17 | 15.05 | 17.21 | 3.90 | 14.2 | 14.82 | 11.85 | 11.72 | 12.8 | 17.37 | -10.74 | 9.72 | -1.72 | 0.82 | -11.83 | 19.12 | 10.9 | 64.95 | -37.02 | 101.75 | 4.21 | -1.75 | 0 | 0.00 | 0 | 22.37 | -0.18 |
| 2015 (2) | 3.76 | 84.31 | 35.01 | 4.76 | 12.84 | 77.84 | 3.42 | -5.03 | 13.25 | 69.01 | 10.39 | 65.97 | 19.46 | 50.39 | 9.89 | 34.01 | 0.93 | -16.96 | 17.24 | 40.96 | 103.12 | 6.01 | 97.65 | 7.41 | 3.53 | -48.24 | 0.00 | 0 | 22.41 | -12.67 |
| 2014 (1) | 2.04 | 137.21 | 33.42 | 0 | 7.22 | 0 | 3.60 | -34.05 | 7.84 | 0 | 6.26 | 0 | 12.94 | 0 | 7.38 | 0 | 1.12 | 60.0 | 12.23 | 24.54 | 97.27 | 40.93 | 90.91 | 0 | 6.82 | -94.89 | 0.00 | 0 | 25.66 | 0 |
