- 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) | 1.81 | -31.44 | 26.57 | 54.96 | 7.18 | 9.44 | 20.66 | 3.04 | 35.83 | 21.80 | -22.36 | 28.99 | 16.99 | -23.3 | 27.17 | 3.73 | -29.09 | 19.55 | 2.91 | -27.07 | 20.75 | 0.17 | -5.56 | -5.56 | 23.33 | -20.81 | 28.54 | 17.99 | -53.63 | -6.5 | 95.38 | 33.82 | 5.75 | 4.62 | -83.93 | -52.92 | 27.82 | 11.1 | 2.81 |
| 24Q2 (19) | 2.64 | 18.39 | -6.05 | 51.28 | 13.2 | -4.88 | 20.05 | 5.47 | -25.55 | 28.08 | 39.22 | -0.81 | 22.15 | 37.41 | -0.09 | 5.26 | 21.76 | -10.39 | 3.99 | 16.67 | -11.33 | 0.18 | -14.29 | -10.0 | 29.46 | 38.77 | 1.13 | 38.80 | 52.46 | -3.48 | 71.28 | -23.91 | -25.01 | 28.72 | 353.83 | 480.21 | 25.04 | 7.7 | 10.36 |
| 24Q1 (18) | 2.23 | -42.38 | 5.19 | 45.30 | -12.28 | -15.14 | 19.01 | -32.2 | -8.69 | 20.17 | -29.77 | -17.1 | 16.12 | -29.97 | -15.6 | 4.32 | -45.66 | 0.47 | 3.42 | -46.89 | -1.72 | 0.21 | -25.0 | 16.67 | 21.23 | -28.13 | -16.68 | 25.45 | -7.56 | 17.28 | 93.67 | -4.22 | 9.52 | 6.33 | 186.92 | -56.27 | 23.25 | 27.89 | -12.63 |
| 23Q4 (17) | 3.87 | 170.63 | -7.86 | 51.64 | 2.83 | -2.99 | 28.04 | 84.35 | -5.84 | 28.72 | 69.94 | -13.96 | 23.02 | 72.31 | -10.74 | 7.95 | 154.81 | -12.73 | 6.44 | 167.22 | -12.74 | 0.28 | 55.56 | -3.45 | 29.54 | 62.75 | -13.45 | 27.53 | 43.09 | 7.41 | 97.79 | 8.42 | 9.22 | 2.21 | -77.5 | -80.15 | 18.18 | -32.82 | -1.52 |
| 23Q3 (16) | 1.43 | -49.11 | -27.04 | 50.22 | -6.84 | -4.58 | 15.21 | -43.52 | -31.73 | 16.90 | -40.3 | -33.93 | 13.36 | -39.74 | -32.22 | 3.12 | -46.85 | -31.88 | 2.41 | -46.44 | -30.35 | 0.18 | -10.0 | 0.0 | 18.15 | -37.69 | -32.0 | 19.24 | -52.14 | -9.42 | 90.20 | -5.11 | 3.08 | 9.80 | 98.04 | -21.57 | 27.06 | 19.26 | 5.41 |
| 23Q2 (15) | 2.81 | 32.55 | 27.15 | 53.91 | 0.99 | 0.11 | 26.93 | 29.35 | 6.65 | 28.31 | 16.36 | 10.59 | 22.17 | 16.07 | 18.3 | 5.87 | 36.51 | 18.83 | 4.50 | 29.31 | 21.95 | 0.20 | 11.11 | 0.0 | 29.13 | 14.32 | 8.98 | 40.20 | 85.25 | -9.13 | 95.05 | 11.13 | -3.82 | 4.95 | -65.8 | 320.79 | 22.69 | -14.73 | 2.12 |
| 23Q1 (14) | 2.12 | -49.52 | -14.17 | 53.38 | 0.28 | -2.7 | 20.82 | -30.09 | -22.63 | 24.33 | -27.11 | -10.25 | 19.10 | -25.94 | -12.18 | 4.30 | -52.8 | -19.17 | 3.48 | -52.85 | -17.14 | 0.18 | -37.93 | -5.26 | 25.48 | -25.34 | -9.13 | 21.70 | -15.33 | -12.07 | 85.53 | -4.49 | -13.48 | 14.47 | 30.26 | 1159.21 | 26.61 | 44.15 | 9.1 |
| 22Q4 (13) | 4.20 | 114.29 | -5.41 | 53.23 | 1.14 | 0.45 | 29.78 | 33.66 | -11.79 | 33.38 | 30.49 | -2.71 | 25.79 | 30.85 | -5.29 | 9.11 | 98.91 | -11.9 | 7.38 | 113.29 | -10.44 | 0.29 | 61.11 | -3.33 | 34.13 | 27.88 | -2.49 | 25.63 | 20.67 | -11.16 | 89.54 | 2.33 | -8.72 | 11.11 | -11.11 | 485.19 | 18.46 | -28.09 | 15.16 |
| 22Q3 (12) | 1.96 | -11.31 | -21.6 | 52.63 | -2.27 | -0.59 | 22.28 | -11.76 | -17.6 | 25.58 | -0.08 | -15.61 | 19.71 | 5.18 | -12.44 | 4.58 | -7.29 | -21.58 | 3.46 | -6.23 | -27.77 | 0.18 | -10.0 | -14.29 | 26.69 | -0.15 | -14.48 | 21.24 | -51.99 | -2.57 | 87.50 | -11.46 | -2.21 | 12.50 | 962.5 | 18.75 | 25.67 | 15.53 | 23.53 |
| 22Q2 (11) | 2.21 | -10.53 | -17.84 | 53.85 | -1.84 | 0.47 | 25.25 | -6.17 | -6.76 | 25.60 | -5.57 | -12.18 | 18.74 | -13.84 | -17.59 | 4.94 | -7.14 | -19.41 | 3.69 | -12.14 | -26.2 | 0.20 | 5.26 | -9.09 | 26.73 | -4.67 | -10.99 | 44.24 | 79.25 | 102.47 | 98.82 | -0.03 | 6.51 | 1.18 | 2.35 | -83.7 | 22.22 | -8.9 | 3.93 |
| 22Q1 (10) | 2.47 | -44.37 | 43.6 | 54.86 | 3.53 | 3.59 | 26.91 | -20.29 | 33.61 | 27.11 | -20.99 | 18.7 | 21.75 | -20.12 | 22.88 | 5.32 | -48.55 | 28.5 | 4.20 | -49.03 | 27.66 | 0.19 | -36.67 | 0.0 | 28.04 | -19.89 | 16.83 | 24.68 | -14.45 | 5.02 | 98.85 | 0.76 | 13.23 | 1.15 | -39.46 | -89.66 | 24.39 | 52.15 | -5.9 |
| 21Q4 (9) | 4.44 | 77.6 | 18.09 | 52.99 | 0.09 | 1.63 | 33.76 | 24.85 | 8.97 | 34.31 | 13.2 | 9.55 | 27.23 | 20.97 | 11.42 | 10.34 | 77.05 | 6.82 | 8.24 | 72.03 | 7.29 | 0.30 | 42.86 | -3.23 | 35.00 | 12.14 | 9.55 | 28.85 | 32.34 | 0.14 | 98.10 | 9.64 | -1.17 | 1.90 | -81.96 | 158.23 | 16.03 | -22.86 | -11.58 |
| 21Q3 (8) | 2.50 | -7.06 | 10.62 | 52.94 | -1.23 | -3.94 | 27.04 | -0.15 | 1.46 | 30.31 | 3.98 | 12.51 | 22.51 | -1.01 | 4.94 | 5.84 | -4.73 | -7.3 | 4.79 | -4.2 | 1.7 | 0.21 | -4.55 | -4.55 | 31.21 | 3.93 | 11.66 | 21.80 | -0.23 | -5.5 | 89.47 | -3.57 | -9.39 | 10.53 | 45.86 | 742.11 | 20.78 | -2.81 | -9.81 |
| 21Q2 (7) | 2.69 | 56.4 | 25.12 | 53.60 | 1.21 | 0.3 | 27.08 | 34.46 | 5.08 | 29.15 | 27.63 | 1.29 | 22.74 | 28.47 | 1.7 | 6.13 | 48.07 | 6.06 | 5.00 | 51.98 | 14.42 | 0.22 | 15.79 | 10.0 | 30.03 | 25.13 | 0.47 | 21.85 | -7.02 | -51.68 | 92.78 | 6.28 | 3.39 | 7.22 | -35.05 | -29.64 | 21.38 | -17.52 | 0 |
| 21Q1 (6) | 1.72 | -54.26 | -3.37 | 52.96 | 1.57 | 5.46 | 20.14 | -34.99 | 0.2 | 22.84 | -27.08 | 4.87 | 17.70 | -27.58 | 1.32 | 4.14 | -57.23 | -10.2 | 3.29 | -57.16 | -11.8 | 0.19 | -38.71 | -9.52 | 24.00 | -24.88 | 4.71 | 23.50 | -18.43 | 12.33 | 87.30 | -12.05 | -5.17 | 11.11 | 1411.11 | 40.0 | 25.92 | 42.97 | 11.44 |
| 20Q4 (5) | 3.76 | 66.37 | 4.74 | 52.14 | -5.39 | -0.42 | 30.98 | 16.25 | 2.65 | 31.32 | 16.26 | -3.03 | 24.44 | 13.94 | -5.09 | 9.68 | 53.65 | -2.81 | 7.68 | 63.06 | -3.88 | 0.31 | 40.91 | 0.0 | 31.95 | 14.31 | -4.14 | 28.81 | 24.88 | 8.11 | 99.26 | 0.52 | 5.94 | 0.74 | -41.18 | -88.33 | 18.13 | -21.31 | -1.84 |
| 20Q3 (4) | 2.26 | 5.12 | 0.0 | 55.11 | 3.13 | 0.0 | 26.65 | 3.41 | 0.0 | 26.94 | -6.39 | 0.0 | 21.45 | -4.07 | 0.0 | 6.30 | 9.0 | 0.0 | 4.71 | 7.78 | 0.0 | 0.22 | 10.0 | 0.0 | 27.95 | -6.49 | 0.0 | 23.07 | -48.98 | 0.0 | 98.75 | 10.04 | 0.0 | 1.25 | -87.81 | 0.0 | 23.04 | 0 | 0.0 |
| 20Q2 (3) | 2.15 | 20.79 | 0.0 | 53.44 | 6.41 | 0.0 | 25.77 | 28.21 | 0.0 | 28.78 | 32.14 | 0.0 | 22.36 | 27.99 | 0.0 | 5.78 | 25.38 | 0.0 | 4.37 | 17.16 | 0.0 | 0.20 | -4.76 | 0.0 | 29.89 | 30.41 | 0.0 | 45.22 | 116.16 | 0.0 | 89.74 | -2.52 | 0.0 | 10.26 | 29.23 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.78 | -50.42 | 0.0 | 50.22 | -4.09 | 0.0 | 20.10 | -33.4 | 0.0 | 21.78 | -32.57 | 0.0 | 17.47 | -32.16 | 0.0 | 4.61 | -53.71 | 0.0 | 3.73 | -53.32 | 0.0 | 0.21 | -32.26 | 0.0 | 22.92 | -31.23 | 0.0 | 20.92 | -21.5 | 0.0 | 92.06 | -1.75 | 0.0 | 7.94 | 25.99 | 0.0 | 23.26 | 25.93 | 0.0 |
| 19Q4 (1) | 3.59 | 0.0 | 0.0 | 52.36 | 0.0 | 0.0 | 30.18 | 0.0 | 0.0 | 32.30 | 0.0 | 0.0 | 25.75 | 0.0 | 0.0 | 9.96 | 0.0 | 0.0 | 7.99 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 33.33 | 0.0 | 0.0 | 26.65 | 0.0 | 0.0 | 93.70 | 0.0 | 0.0 | 6.30 | 0.0 | 0.0 | 18.47 | 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) | 10.23 | -5.71 | 52.28 | -2.52 | 23.52 | -11.35 | 0.83 | -3.66 | 25.19 | -11.65 | 19.94 | -9.16 | 20.70 | -10.81 | 16.35 | -10.46 | 0.82 | -1.2 | 26.12 | -11.4 | 27.53 | 7.41 | 93.15 | -0.05 | 6.58 | -6.77 | 0.06 | -5.72 | 22.97 | 3.61 |
| 2022 (9) | 10.85 | -4.41 | 53.63 | 0.96 | 26.53 | -4.94 | 0.86 | 8.15 | 28.51 | -4.59 | 21.95 | -5.31 | 23.21 | -12.18 | 18.26 | -11.01 | 0.83 | -5.68 | 29.48 | -4.13 | 25.63 | -11.16 | 93.20 | -0.28 | 7.05 | 7.88 | 0.06 | -95.65 | 22.17 | 8.84 |
| 2021 (8) | 11.35 | 14.07 | 53.12 | 0.85 | 27.91 | 5.48 | 0.80 | -6.66 | 29.88 | 8.07 | 23.18 | 6.53 | 26.43 | 4.38 | 20.52 | 3.48 | 0.88 | -3.3 | 30.75 | 7.22 | 28.85 | 0.14 | 93.46 | -2.15 | 6.54 | 55.59 | 1.34 | -9.69 | 20.37 | -6.09 |
| 2020 (7) | 9.95 | 5.4 | 52.67 | -0.96 | 26.46 | 4.3 | 0.85 | -19.39 | 27.65 | 1.36 | 21.76 | 0.42 | 25.32 | -1.17 | 19.83 | -1.64 | 0.91 | -2.15 | 28.68 | 0.42 | 28.81 | 8.11 | 95.52 | 2.56 | 4.20 | -38.8 | 1.48 | -12.8 | 21.69 | -1.9 |
| 2019 (6) | 9.44 | -2.58 | 53.18 | -2.33 | 25.37 | -7.1 | 1.06 | 57.21 | 27.28 | -7.02 | 21.67 | -5.7 | 25.62 | -10.26 | 20.16 | -9.39 | 0.93 | -4.12 | 28.56 | -5.4 | 26.65 | -4.58 | 93.13 | 0.01 | 6.87 | -0.16 | 1.70 | -11.81 | 22.11 | 3.85 |
| 2018 (5) | 9.69 | 8.03 | 54.45 | -4.2 | 27.31 | 1.15 | 0.67 | -4.55 | 29.34 | 3.42 | 22.98 | -0.78 | 28.55 | 7.33 | 22.25 | 7.59 | 0.97 | 8.99 | 30.19 | 3.39 | 27.93 | -2.95 | 93.12 | -2.01 | 6.88 | 38.52 | 1.93 | 0 | 21.29 | -8.11 |
| 2017 (4) | 8.97 | 16.49 | 56.84 | 4.41 | 27.00 | 9.22 | 0.70 | -6.45 | 28.37 | 8.08 | 23.16 | 8.94 | 26.60 | 8.75 | 20.68 | 10.12 | 0.89 | 1.14 | 29.20 | 8.07 | 28.78 | 1.2 | 95.04 | 0.82 | 4.96 | -13.48 | 0.00 | 0 | 23.17 | 2.98 |
| 2016 (3) | 7.70 | -5.06 | 54.44 | -5.12 | 24.72 | -9.88 | 0.75 | 12.15 | 26.25 | -8.38 | 21.26 | -8.68 | 24.46 | -11.28 | 18.78 | -11.75 | 0.88 | -3.3 | 27.02 | -8.25 | 28.44 | -11.4 | 94.26 | -1.51 | 5.74 | 33.53 | 0.00 | 0 | 22.50 | 1.26 |
| 2015 (2) | 8.11 | 12.02 | 57.38 | -2.88 | 27.43 | -0.72 | 0.67 | -11.65 | 28.65 | -0.07 | 23.28 | -1.06 | 27.57 | 2.72 | 21.28 | 0.66 | 0.91 | 1.11 | 29.45 | -0.27 | 32.10 | 19.78 | 95.70 | -0.78 | 4.30 | 21.39 | 0.00 | 0 | 22.22 | -2.8 |
| 2014 (1) | 7.24 | 17.15 | 59.08 | 0 | 27.63 | 0 | 0.76 | -12.55 | 28.67 | 0 | 23.53 | 0 | 26.84 | 0 | 21.14 | 0 | 0.90 | 3.45 | 29.53 | 1.86 | 26.80 | -2.19 | 96.46 | 4.54 | 3.54 | -54.22 | 0.00 | 0 | 22.86 | -0.87 |
