- 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) | 0.99 | -25.56 | 3.13 | 25.01 | -18.24 | -6.61 | 16.03 | -21.34 | -13.44 | 17.37 | -19.13 | -9.15 | 13.89 | -19.15 | -8.86 | 3.37 | -23.58 | 1.2 | 2.74 | -23.89 | 0.74 | 0.20 | -4.76 | 11.11 | 21.48 | -14.39 | -8.01 | 15.19 | -51.41 | 7.35 | 93.18 | -1.91 | -4.6 | 6.82 | 36.36 | 193.18 | 14.58 | 4.52 | -4.27 |
| 24Q2 (19) | 1.33 | 24.3 | 17.7 | 30.59 | 3.21 | 10.79 | 20.38 | 3.14 | 6.15 | 21.48 | 2.24 | 3.67 | 17.18 | 2.2 | 3.62 | 4.41 | 27.09 | 17.91 | 3.60 | 20.0 | 17.26 | 0.21 | 16.67 | 10.53 | 25.09 | 1.25 | 0.76 | 31.26 | 112.08 | 3.0 | 95.00 | 1.33 | 3.09 | 5.00 | -20.0 | -36.25 | 13.95 | -12.1 | -6.81 |
| 24Q1 (18) | 1.07 | 0.0 | -1.83 | 29.64 | 5.82 | 7.63 | 19.76 | 3.78 | 2.7 | 21.01 | 4.89 | 2.24 | 16.81 | 4.93 | 2.31 | 3.47 | -2.8 | -0.29 | 3.00 | -3.23 | -0.33 | 0.18 | -5.26 | 0.0 | 24.78 | 2.52 | -1.27 | 14.74 | -11.2 | 1.87 | 93.75 | -2.17 | -0.14 | 6.25 | 50.0 | 2.08 | 15.87 | 2.65 | 4.27 |
| 23Q4 (17) | 1.07 | 11.46 | -12.3 | 28.01 | 4.59 | -5.88 | 19.04 | 2.81 | -16.12 | 20.03 | 4.76 | -12.95 | 16.02 | 5.12 | -12.98 | 3.57 | 7.21 | -11.41 | 3.10 | 13.97 | -10.66 | 0.19 | 5.56 | 0.0 | 24.17 | 3.51 | -11.5 | 16.60 | 17.31 | 0.42 | 95.83 | -1.88 | -2.39 | 4.17 | 79.17 | 129.17 | 15.46 | 1.51 | -1.65 |
| 23Q3 (16) | 0.96 | -15.04 | -27.27 | 26.78 | -3.01 | -8.29 | 18.52 | -3.54 | -11.77 | 19.12 | -7.72 | -13.99 | 15.24 | -8.08 | -15.05 | 3.33 | -10.96 | -27.13 | 2.72 | -11.4 | -27.08 | 0.18 | -5.26 | -14.29 | 23.35 | -6.22 | -11.28 | 14.15 | -53.38 | -8.83 | 97.67 | 5.99 | 2.91 | 2.33 | -70.35 | -54.26 | 15.23 | 1.74 | 9.41 |
| 23Q2 (15) | 1.13 | 3.67 | -21.53 | 27.61 | 0.25 | -12.24 | 19.20 | -0.21 | -14.59 | 20.72 | 0.83 | -10.69 | 16.58 | 0.91 | -11.15 | 3.74 | 7.47 | -22.89 | 3.07 | 1.99 | -22.86 | 0.19 | 5.56 | -9.52 | 24.90 | -0.8 | -8.59 | 30.35 | 109.74 | 0.5 | 92.16 | -1.83 | -4.92 | 7.84 | 28.1 | 154.9 | 14.97 | -1.64 | 9.19 |
| 23Q1 (14) | 1.09 | -10.66 | -10.66 | 27.54 | -7.46 | -9.82 | 19.24 | -15.24 | -9.33 | 20.55 | -10.69 | -7.27 | 16.43 | -10.76 | -7.02 | 3.48 | -13.65 | -12.34 | 3.01 | -13.26 | -13.26 | 0.18 | -5.26 | -10.0 | 25.10 | -8.09 | -5.32 | 14.47 | -12.46 | 2.55 | 93.88 | -4.38 | -2.58 | 6.12 | 236.73 | 68.37 | 15.22 | -3.18 | 3.61 |
| 22Q4 (13) | 1.22 | -7.58 | 8.93 | 29.76 | 1.92 | 1.85 | 22.70 | 8.15 | 11.66 | 23.01 | 3.51 | 6.13 | 18.41 | 2.62 | 5.74 | 4.03 | -11.82 | 6.33 | 3.47 | -6.97 | 4.52 | 0.19 | -9.52 | 0.0 | 27.31 | 3.76 | 3.41 | 16.53 | 6.51 | 12.14 | 98.18 | 3.44 | 4.45 | 1.82 | -64.24 | -69.7 | 15.72 | 12.93 | 1.55 |
| 22Q3 (12) | 1.32 | -8.33 | 23.36 | 29.20 | -7.18 | -0.07 | 20.99 | -6.63 | 0.1 | 22.23 | -4.18 | 0.45 | 17.94 | -3.86 | 1.3 | 4.57 | -5.77 | 30.2 | 3.73 | -6.28 | 21.1 | 0.21 | 0.0 | 23.53 | 26.32 | -3.38 | -3.2 | 15.52 | -48.61 | 16.25 | 94.92 | -2.07 | -0.96 | 5.08 | 65.25 | -18.64 | 13.92 | 1.53 | -11.68 |
| 22Q2 (11) | 1.44 | 18.03 | 10.77 | 31.46 | 3.01 | -5.78 | 22.48 | 5.94 | -8.73 | 23.20 | 4.69 | -9.13 | 18.66 | 5.6 | -8.3 | 4.85 | 22.17 | 16.59 | 3.98 | 14.7 | 8.74 | 0.21 | 5.0 | 16.67 | 27.24 | 2.75 | -10.48 | 30.20 | 114.03 | 111.34 | 96.92 | 0.58 | 0.32 | 3.08 | -15.38 | -9.23 | 13.71 | -6.67 | -16.4 |
| 22Q1 (10) | 1.22 | 8.93 | 8.93 | 30.54 | 4.52 | -8.56 | 21.22 | 4.38 | -6.73 | 22.16 | 2.21 | -7.01 | 17.67 | 1.49 | -7.29 | 3.97 | 4.75 | 5.87 | 3.47 | 4.52 | 5.47 | 0.20 | 5.26 | 17.65 | 26.51 | 0.38 | -9.37 | 14.11 | -4.27 | 4.44 | 96.36 | 2.51 | 2.39 | 3.64 | -39.39 | -7.27 | 14.69 | -5.1 | -15.82 |
| 21Q4 (9) | 1.12 | 4.67 | -13.18 | 29.22 | 0.0 | -12.38 | 20.33 | -3.05 | -16.51 | 21.68 | -2.03 | -14.14 | 17.41 | -1.69 | -15.03 | 3.79 | 7.98 | -15.78 | 3.32 | 7.79 | -16.16 | 0.19 | 11.76 | 0.0 | 26.41 | -2.87 | -12.72 | 14.74 | 10.41 | 4.54 | 94.00 | -1.91 | -2.58 | 6.00 | -4.0 | 71.0 | 15.48 | -1.78 | -2.03 |
| 21Q3 (8) | 1.07 | -17.69 | 4.9 | 29.22 | -12.49 | 0.83 | 20.97 | -14.86 | 3.97 | 22.13 | -13.32 | 5.89 | 17.71 | -12.97 | 5.92 | 3.51 | -15.63 | -5.14 | 3.08 | -15.85 | -0.96 | 0.17 | -5.56 | -10.53 | 27.19 | -10.65 | 3.15 | 13.35 | -6.58 | 1.99 | 95.83 | -0.8 | 0.19 | 6.25 | 84.38 | 43.75 | 15.76 | -3.9 | 11.85 |
| 21Q2 (7) | 1.30 | 16.07 | 28.71 | 33.39 | -0.03 | 5.97 | 24.63 | 8.26 | 14.45 | 25.53 | 7.13 | 17.43 | 20.35 | 6.77 | 17.7 | 4.16 | 10.93 | 17.18 | 3.66 | 11.25 | 21.59 | 0.18 | 5.88 | 5.88 | 30.43 | 4.03 | 11.22 | 14.29 | 5.77 | -43.61 | 96.61 | 2.65 | -3.39 | 3.39 | -13.56 | 0 | 16.40 | -6.02 | 0 |
| 21Q1 (6) | 1.12 | -13.18 | 53.42 | 33.40 | 0.15 | 12.08 | 22.75 | -6.57 | 22.71 | 23.83 | -5.62 | 19.45 | 19.06 | -6.98 | 19.42 | 3.75 | -16.67 | 52.44 | 3.29 | -16.92 | 51.61 | 0.17 | -10.53 | 21.43 | 29.25 | -3.34 | 4.91 | 13.51 | -4.18 | 16.17 | 94.12 | -2.46 | 0.19 | 3.92 | 11.76 | -35.29 | 17.45 | 10.44 | -9.49 |
| 20Q4 (5) | 1.29 | 26.47 | 17.27 | 33.35 | 15.08 | 11.69 | 24.35 | 20.72 | 14.32 | 25.25 | 20.81 | 13.64 | 20.49 | 22.55 | 15.31 | 4.50 | 21.62 | 17.8 | 3.96 | 27.33 | 20.36 | 0.19 | 0.0 | 0.0 | 30.26 | 14.8 | 7.12 | 14.10 | 7.72 | -2.89 | 96.49 | 0.88 | 0.51 | 3.51 | -19.3 | -12.28 | 15.80 | 12.14 | 1.94 |
| 20Q3 (4) | 1.02 | 0.99 | 0.0 | 28.98 | -8.03 | 0.0 | 20.17 | -6.27 | 0.0 | 20.90 | -3.86 | 0.0 | 16.72 | -3.3 | 0.0 | 3.70 | 4.23 | 0.0 | 3.11 | 3.32 | 0.0 | 0.19 | 11.76 | 0.0 | 26.36 | -3.65 | 0.0 | 13.09 | -48.34 | 0.0 | 95.65 | -4.35 | 0.0 | 4.35 | 0 | 0.0 | 14.09 | 0 | 0.0 |
| 20Q2 (3) | 1.01 | 38.36 | 0.0 | 31.51 | 5.74 | 0.0 | 21.52 | 16.07 | 0.0 | 21.74 | 8.97 | 0.0 | 17.29 | 8.33 | 0.0 | 3.55 | 44.31 | 0.0 | 3.01 | 38.71 | 0.0 | 0.17 | 21.43 | 0.0 | 27.36 | -1.87 | 0.0 | 25.34 | 117.88 | 0.0 | 100.00 | 6.45 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.73 | -33.64 | 0.0 | 29.80 | -0.2 | 0.0 | 18.54 | -12.96 | 0.0 | 19.95 | -10.22 | 0.0 | 15.96 | -10.19 | 0.0 | 2.46 | -35.6 | 0.0 | 2.17 | -34.04 | 0.0 | 0.14 | -26.32 | 0.0 | 27.88 | -1.31 | 0.0 | 11.63 | -19.9 | 0.0 | 93.94 | -2.15 | 0.0 | 6.06 | 51.52 | 0.0 | 19.28 | 24.39 | 0.0 |
| 19Q4 (1) | 1.10 | 0.0 | 0.0 | 29.86 | 0.0 | 0.0 | 21.30 | 0.0 | 0.0 | 22.22 | 0.0 | 0.0 | 17.77 | 0.0 | 0.0 | 3.82 | 0.0 | 0.0 | 3.29 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 28.25 | 0.0 | 0.0 | 14.52 | 0.0 | 0.0 | 96.00 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 15.50 | 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) | 4.24 | -18.46 | 27.49 | -9.15 | 19.01 | -12.96 | 4.31 | 3.36 | 20.12 | -11.17 | 16.08 | -11.55 | 13.87 | -18.84 | 11.91 | -19.42 | 0.74 | -8.64 | 24.37 | -9.2 | 16.60 | 0.42 | 94.76 | -1.45 | 5.76 | 68.46 | 0.00 | 0 | 15.22 | 5.26 |
| 2022 (9) | 5.20 | 12.8 | 30.26 | -3.29 | 21.84 | -1.49 | 4.17 | -17.5 | 22.65 | -2.79 | 18.18 | -2.47 | 17.09 | 10.4 | 14.78 | 9.24 | 0.81 | 10.96 | 26.84 | -5.49 | 16.53 | 12.14 | 96.15 | 1.01 | 3.42 | -28.89 | 0.00 | 0 | 14.46 | -11.02 |
| 2021 (8) | 4.61 | 13.55 | 31.29 | 0.94 | 22.17 | 3.84 | 5.05 | -13.3 | 23.30 | 5.29 | 18.64 | 4.95 | 15.48 | 12.09 | 13.53 | 11.91 | 0.73 | 7.35 | 28.40 | 1.32 | 14.74 | 4.54 | 95.19 | -1.56 | 4.81 | 45.83 | 0.00 | 0 | 16.25 | 2.78 |
| 2020 (7) | 4.06 | -18.96 | 31.00 | -2.15 | 21.35 | -8.29 | 5.83 | -2.22 | 22.13 | -8.02 | 17.76 | -7.5 | 13.81 | -20.77 | 12.09 | -19.02 | 0.68 | -12.82 | 28.03 | -6.57 | 14.10 | -2.89 | 96.70 | -0.21 | 3.30 | 6.44 | 0.00 | 0 | 15.81 | 1.02 |
| 2019 (6) | 5.01 | 4.38 | 31.68 | 5.49 | 23.28 | 8.68 | 5.96 | -1.4 | 24.06 | 9.21 | 19.20 | 10.03 | 17.43 | -0.34 | 14.93 | 3.54 | 0.78 | -4.88 | 30.00 | 6.38 | 14.52 | -25.54 | 96.90 | -0.37 | 3.10 | 13.05 | 0.00 | 0 | 15.65 | 5.17 |
| 2018 (5) | 4.80 | 5.73 | 30.03 | -0.92 | 21.42 | 3.18 | 6.04 | -4.68 | 22.03 | 2.04 | 17.45 | -2.46 | 17.49 | 0.29 | 14.42 | -2.5 | 0.82 | 0.0 | 28.20 | 0.79 | 19.50 | -20.02 | 97.26 | 1.36 | 2.74 | -32.19 | 0.00 | 0 | 14.88 | -8.32 |
| 2017 (4) | 4.54 | 33.53 | 30.31 | 19.61 | 20.76 | 22.05 | 6.34 | 6.91 | 21.59 | 24.87 | 17.89 | 28.06 | 17.44 | 27.49 | 14.79 | 23.46 | 0.82 | -4.65 | 27.98 | 20.29 | 24.38 | 98.7 | 95.96 | -2.11 | 4.04 | 207.07 | 0.00 | 0 | 16.23 | -4.3 |
| 2016 (3) | 3.40 | -9.57 | 25.34 | -5.38 | 17.01 | -7.55 | 5.93 | 119.13 | 17.29 | -12.76 | 13.97 | -12.47 | 13.68 | -13.53 | 11.98 | -12.62 | 0.86 | 0.0 | 23.26 | 3.52 | 12.27 | -23.93 | 98.03 | 5.57 | 1.32 | -81.58 | 0.00 | 0 | 16.96 | 3.35 |
| 2015 (2) | 3.76 | -6.47 | 26.78 | -4.46 | 18.40 | -5.83 | 2.71 | 1.18 | 19.82 | -4.53 | 15.96 | -5.28 | 15.82 | -14.07 | 13.71 | -13.77 | 0.86 | -8.51 | 22.47 | -4.34 | 16.13 | 11.16 | 92.86 | -1.06 | 7.14 | 27.86 | 0.00 | 0 | 16.41 | 7.4 |
| 2014 (1) | 4.02 | 5.51 | 28.03 | 0 | 19.54 | 0 | 2.67 | -21.49 | 20.76 | 0 | 16.85 | 0 | 18.41 | 0 | 15.90 | 0 | 0.94 | -7.84 | 23.49 | -1.47 | 14.51 | -16.08 | 93.85 | -1.74 | 5.59 | 24.5 | 0.00 | 0 | 15.28 | -1.48 |
