- 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) | 6.04 | 0.0 | 11.65 | 58.94 | 1.1 | 6.52 | 30.56 | 2.52 | 20.6 | 30.12 | -13.75 | 0.8 | 23.32 | -4.93 | -0.17 | 7.29 | -5.45 | 1.11 | 5.19 | 1.37 | 4.01 | 0.22 | 4.76 | 4.76 | 33.63 | -12.63 | 0.48 | 34.27 | -28.53 | -8.07 | 101.44 | 18.83 | 19.59 | -1.44 | -109.81 | -109.46 | 20.57 | -0.24 | -2.28 |
| 24Q2 (19) | 6.04 | 23.77 | 30.74 | 58.30 | 7.84 | 4.26 | 29.81 | 22.37 | 15.63 | 34.92 | 13.52 | 11.39 | 24.53 | 7.02 | 17.42 | 7.71 | 25.77 | 21.99 | 5.12 | 19.35 | 17.7 | 0.21 | 10.53 | 0.0 | 38.49 | 10.76 | 11.05 | 47.95 | -10.76 | -8.87 | 85.36 | 7.78 | 3.81 | 14.64 | -29.63 | -17.65 | 20.62 | -7.28 | 0.39 |
| 24Q1 (18) | 4.88 | 0.83 | 26.75 | 54.06 | -2.98 | -1.51 | 24.36 | -13.34 | 1.37 | 30.76 | -7.71 | 28.17 | 22.92 | 11.86 | 20.63 | 6.13 | -1.13 | 19.26 | 4.29 | -6.33 | 15.95 | 0.19 | -13.64 | 0.0 | 34.75 | -5.49 | 24.78 | 53.73 | 60.44 | 40.73 | 79.20 | -6.12 | -20.97 | 20.80 | 32.69 | 15234.4 | 22.24 | 7.65 | -1.9 |
| 23Q4 (17) | 4.84 | -10.54 | -3.59 | 55.72 | 0.7 | -2.57 | 28.11 | 10.93 | 10.93 | 33.33 | 11.55 | 30.3 | 20.49 | -12.29 | -1.59 | 6.20 | -14.01 | -7.6 | 4.58 | -8.22 | -4.18 | 0.22 | 4.76 | -4.35 | 36.77 | 9.86 | 26.1 | 33.49 | -10.17 | -16.82 | 84.36 | -0.54 | -14.86 | 15.68 | 3.29 | 1611.86 | 20.66 | -1.85 | 5.84 |
| 23Q3 (16) | 5.41 | 17.1 | 3.24 | 55.33 | -1.06 | -1.46 | 25.34 | -1.71 | -5.02 | 29.88 | -4.69 | -2.92 | 23.36 | 11.82 | 3.36 | 7.21 | 14.08 | -9.88 | 4.99 | 14.71 | -6.38 | 0.21 | 0.0 | -12.5 | 33.47 | -3.43 | -2.31 | 37.28 | -29.15 | -7.84 | 84.82 | 3.16 | -2.17 | 15.18 | -14.61 | 14.14 | 21.05 | 2.48 | 2.18 |
| 23Q2 (15) | 4.62 | 20.0 | -18.37 | 55.92 | 1.88 | 3.56 | 25.78 | 7.28 | -3.63 | 31.35 | 30.63 | 21.79 | 20.89 | 9.95 | 11.53 | 6.32 | 22.96 | -21.78 | 4.35 | 17.57 | -15.04 | 0.21 | 10.53 | -22.22 | 34.66 | 24.45 | 20.81 | 52.62 | 37.82 | -13.57 | 82.22 | -17.94 | -20.89 | 17.78 | 13031.8 | 550.95 | 20.54 | -9.4 | 13.98 |
| 23Q1 (14) | 3.85 | -23.31 | -25.1 | 54.89 | -4.02 | 4.53 | 24.03 | -5.17 | 5.53 | 24.00 | -6.18 | -31.97 | 19.00 | -8.74 | -14.49 | 5.14 | -23.4 | -36.86 | 3.70 | -22.59 | -27.73 | 0.19 | -17.39 | -17.39 | 27.85 | -4.49 | -28.07 | 38.18 | -5.17 | -31.07 | 100.21 | 1.13 | 55.26 | -0.14 | -115.01 | -100.39 | 22.67 | 16.14 | 13.69 |
| 22Q4 (13) | 5.02 | -4.2 | 2.66 | 57.19 | 1.85 | 1.04 | 25.34 | -5.02 | -9.56 | 25.58 | -16.89 | -6.4 | 20.82 | -7.88 | 1.36 | 6.71 | -16.12 | -23.23 | 4.78 | -10.32 | -7.36 | 0.23 | -4.17 | -8.0 | 29.16 | -14.89 | -4.08 | 40.26 | -0.47 | -37.31 | 99.08 | 14.28 | -3.38 | 0.92 | -93.11 | 135.84 | 19.52 | -5.24 | 0.46 |
| 22Q3 (12) | 5.24 | -7.42 | 11.49 | 56.15 | 3.98 | 4.93 | 26.68 | -0.26 | 1.83 | 30.78 | 19.58 | 19.53 | 22.60 | 20.66 | 19.26 | 8.00 | -0.99 | -11.6 | 5.33 | 4.1 | 9.67 | 0.24 | -11.11 | -7.69 | 34.26 | 19.41 | 19.21 | 40.45 | -33.56 | -46.84 | 86.70 | -16.59 | -14.75 | 13.30 | 437.38 | 856.47 | 20.60 | 14.32 | 9.46 |
| 22Q2 (11) | 5.66 | 10.12 | 35.41 | 54.00 | 2.84 | 0.15 | 26.75 | 17.48 | 1.48 | 25.74 | -27.04 | 7.92 | 18.73 | -15.71 | 7.27 | 8.08 | -0.74 | -0.25 | 5.12 | 0.0 | 16.63 | 0.27 | 17.39 | 8.0 | 28.69 | -25.9 | 6.5 | 60.88 | 9.91 | -38.88 | 103.94 | 61.05 | -5.94 | -3.94 | -111.12 | 62.67 | 18.02 | -9.63 | -9.58 |
| 22Q1 (10) | 5.14 | 5.11 | 17.35 | 52.51 | -7.23 | -2.23 | 22.77 | -18.74 | -13.29 | 35.28 | 29.09 | 36.16 | 22.22 | 8.18 | 12.22 | 8.14 | -6.86 | -1.09 | 5.12 | -0.78 | 8.7 | 0.23 | -8.0 | -4.17 | 38.72 | 27.37 | 32.42 | 55.39 | -13.75 | -24.53 | 64.54 | -37.07 | -36.33 | 35.46 | 1487.81 | 2697.45 | 19.94 | 2.62 | -1.29 |
| 21Q4 (9) | 4.89 | 4.04 | 10.88 | 56.60 | 5.77 | 1.54 | 28.02 | 6.95 | -2.91 | 27.33 | 6.14 | 8.15 | 20.54 | 8.39 | 2.85 | 8.74 | -3.43 | -3.21 | 5.16 | 6.17 | 3.82 | 0.25 | -3.85 | 0.0 | 30.40 | 5.78 | 5.48 | 64.22 | -15.6 | -17.84 | 102.56 | 0.83 | -10.21 | -2.56 | -45.34 | 82.02 | 19.43 | 3.24 | -2.7 |
| 21Q3 (8) | 4.70 | 12.44 | -6.93 | 53.51 | -0.76 | -6.84 | 26.20 | -0.61 | -14.85 | 25.75 | 7.97 | -7.81 | 18.95 | 8.53 | -13.39 | 9.05 | 11.73 | -19.84 | 4.86 | 10.71 | -18.32 | 0.26 | 4.0 | -3.7 | 28.74 | 6.68 | -6.41 | 76.09 | -23.6 | -13.08 | 101.71 | -7.96 | -7.7 | -1.76 | 83.35 | 82.76 | 18.82 | -5.57 | -2.84 |
| 21Q2 (7) | 4.18 | -4.57 | 1.46 | 53.92 | 0.39 | -6.95 | 26.36 | 0.38 | -13.63 | 23.85 | -7.95 | -20.87 | 17.46 | -11.82 | -16.54 | 8.10 | -1.58 | -11.28 | 4.39 | -6.79 | -16.54 | 0.25 | 4.17 | 0.0 | 26.94 | -7.87 | -19.07 | 99.60 | 35.71 | 5.65 | 110.50 | 9.01 | 9.12 | -10.56 | -673.45 | -730.49 | 19.93 | -1.34 | 3.91 |
| 21Q1 (6) | 4.38 | -0.68 | 56.99 | 53.71 | -3.64 | 5.56 | 26.26 | -9.01 | 19.36 | 25.91 | 2.53 | 10.11 | 19.80 | -0.85 | 9.76 | 8.23 | -8.86 | 40.44 | 4.71 | -5.23 | 25.94 | 0.24 | -4.0 | 14.29 | 29.24 | 1.46 | 6.52 | 73.39 | -6.1 | 29.69 | 101.37 | -11.25 | 8.39 | -1.37 | 90.39 | -121.05 | 20.20 | 1.15 | -10.74 |
| 20Q4 (5) | 4.41 | -12.67 | 11.08 | 55.74 | -2.96 | 5.17 | 28.86 | -6.21 | 7.33 | 25.27 | -9.52 | 0.16 | 19.97 | -8.73 | 0.35 | 9.03 | -20.02 | 1.35 | 4.97 | -16.47 | -11.25 | 0.25 | -7.41 | -10.71 | 28.82 | -6.15 | 0.56 | 78.16 | -10.72 | 32.93 | 114.21 | 3.64 | 7.16 | -14.21 | -39.39 | -116.0 | 19.97 | 3.1 | -0.1 |
| 20Q3 (4) | 5.05 | 22.57 | 0.0 | 57.44 | -0.88 | 0.0 | 30.77 | 0.82 | 0.0 | 27.93 | -7.33 | 0.0 | 21.88 | 4.59 | 0.0 | 11.29 | 23.66 | 0.0 | 5.95 | 13.12 | 0.0 | 0.27 | 8.0 | 0.0 | 30.71 | -7.75 | 0.0 | 87.54 | -7.14 | 0.0 | 110.19 | 8.81 | 0.0 | -10.19 | -701.83 | 0.0 | 19.37 | 0.99 | 0.0 |
| 20Q2 (3) | 4.12 | 47.67 | 0.0 | 57.95 | 13.9 | 0.0 | 30.52 | 38.73 | 0.0 | 30.14 | 28.09 | 0.0 | 20.92 | 15.96 | 0.0 | 9.13 | 55.8 | 0.0 | 5.26 | 40.64 | 0.0 | 0.25 | 19.05 | 0.0 | 33.29 | 21.28 | 0.0 | 94.27 | 66.58 | 0.0 | 101.27 | 8.29 | 0.0 | -1.27 | -119.61 | 0.0 | 19.18 | -15.25 | 0.0 |
| 20Q1 (2) | 2.79 | -29.72 | 0.0 | 50.88 | -4.0 | 0.0 | 22.00 | -18.19 | 0.0 | 23.53 | -6.74 | 0.0 | 18.04 | -9.35 | 0.0 | 5.86 | -34.23 | 0.0 | 3.74 | -33.21 | 0.0 | 0.21 | -25.0 | 0.0 | 27.45 | -4.22 | 0.0 | 56.59 | -3.76 | 0.0 | 93.52 | -12.26 | 0.0 | 6.48 | 198.56 | 0.0 | 22.63 | 13.21 | 0.0 |
| 19Q4 (1) | 3.97 | 0.0 | 0.0 | 53.00 | 0.0 | 0.0 | 26.89 | 0.0 | 0.0 | 25.23 | 0.0 | 0.0 | 19.90 | 0.0 | 0.0 | 8.91 | 0.0 | 0.0 | 5.60 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 28.66 | 0.0 | 0.0 | 58.80 | 0.0 | 0.0 | 106.58 | 0.0 | 0.0 | -6.58 | 0.0 | 0.0 | 19.99 | 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) | 18.73 | -11.11 | 55.48 | 1.04 | 25.90 | 1.77 | 2.82 | 9.3 | 29.85 | 2.26 | 20.99 | 0.05 | 24.45 | -20.15 | 17.90 | -11.78 | 0.85 | -12.37 | 33.39 | 2.64 | 33.49 | -16.82 | 86.77 | -0.49 | 13.23 | 3.34 | 0.52 | -50.85 | 21.18 | 8.89 |
| 2022 (9) | 21.07 | 16.09 | 54.91 | 0.86 | 25.45 | -4.72 | 2.58 | 12.26 | 29.19 | 13.58 | 20.98 | 9.44 | 30.62 | -7.63 | 20.29 | 4.0 | 0.97 | -3.96 | 32.53 | 12.91 | 40.26 | -37.31 | 87.20 | -16.12 | 12.80 | 0 | 1.07 | 198.69 | 19.45 | -0.66 |
| 2021 (8) | 18.15 | 10.94 | 54.44 | -2.51 | 26.71 | -6.31 | 2.30 | -1.94 | 25.70 | -4.46 | 19.17 | -5.94 | 33.15 | -1.37 | 19.51 | -2.35 | 1.01 | 3.06 | 28.81 | -4.6 | 64.22 | -17.84 | 103.95 | -1.91 | -3.95 | 0 | 0.36 | -4.17 | 19.58 | -2.64 |
| 2020 (7) | 16.36 | 6.44 | 55.84 | 9.96 | 28.51 | 10.85 | 2.35 | 5.57 | 26.90 | 5.32 | 20.38 | 5.43 | 33.61 | -3.09 | 19.98 | -12.14 | 0.98 | -16.24 | 30.20 | 4.53 | 78.16 | 32.93 | 105.98 | 5.24 | -5.98 | 0 | 0.37 | 106.48 | 20.11 | -0.74 |
| 2019 (6) | 15.37 | 24.05 | 50.78 | 12.39 | 25.72 | 20.52 | 2.22 | 21.6 | 25.54 | 13.11 | 19.33 | 13.91 | 34.68 | 15.95 | 22.74 | 8.13 | 1.17 | -5.65 | 28.89 | 10.6 | 58.80 | 26.94 | 100.70 | 6.55 | -0.70 | 0 | 0.18 | 12.06 | 20.26 | -4.75 |
| 2018 (5) | 12.39 | 0.98 | 45.18 | -5.95 | 21.34 | -14.12 | 1.83 | 1.72 | 22.58 | -6.81 | 16.97 | -8.32 | 29.91 | -2.41 | 21.03 | -3.97 | 1.24 | 5.08 | 26.12 | -5.19 | 46.32 | 21.7 | 94.52 | -7.88 | 5.48 | 0 | 0.16 | 0 | 21.27 | -0.19 |
| 2017 (4) | 12.27 | -2.54 | 48.04 | -0.87 | 24.85 | 0.61 | 1.80 | 6.62 | 24.23 | -6.48 | 18.51 | -6.42 | 30.65 | -6.9 | 21.90 | 0.32 | 1.18 | 7.27 | 27.55 | -5.91 | 38.06 | -9.1 | 102.60 | 7.62 | -2.58 | 0 | 0.00 | 0 | 21.31 | 3.5 |
| 2016 (3) | 12.59 | 24.78 | 48.46 | 9.19 | 24.70 | 15.91 | 1.69 | -10.27 | 25.91 | 24.63 | 19.78 | 24.56 | 32.92 | -11.65 | 21.83 | 21.48 | 1.10 | 0.0 | 29.28 | 17.87 | 41.87 | -30.95 | 95.34 | -7.03 | 4.64 | 0 | 0.00 | 0 | 20.59 | -0.96 |
| 2015 (2) | 10.09 | 18.99 | 44.38 | 6.91 | 21.31 | 17.41 | 1.88 | -16.01 | 20.79 | 20.87 | 15.88 | 14.24 | 37.26 | -57.51 | 17.97 | 9.84 | 1.10 | -0.9 | 24.84 | 13.32 | 60.64 | -79.02 | 102.55 | -2.8 | -2.55 | 0 | 0.00 | 0 | 20.79 | -0.24 |
| 2014 (1) | 8.48 | 22.54 | 41.51 | 0 | 18.15 | 0 | 2.24 | -2.11 | 17.20 | 0 | 13.90 | 0 | 87.70 | 0 | 16.36 | 0 | 1.11 | -1.77 | 21.92 | 1.76 | 289.04 | -72.24 | 105.49 | 5.29 | -5.49 | 0 | 0.00 | 0 | 20.84 | -1.61 |
