- 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) | 1.64 | -7.87 | 10.81 | 32.55 | -0.03 | -0.79 | 15.79 | 0.45 | 0.89 | 19.94 | -8.24 | 5.73 | 16.45 | -11.37 | 6.27 | 5.89 | -5.46 | 6.7 | 2.75 | -8.94 | 4.56 | 0.16 | 0.0 | 0.0 | 30.71 | -5.01 | 4.67 | 115.68 | -11.33 | 5.85 | 79.12 | 9.41 | -4.6 | 20.76 | -24.98 | 21.72 | 41.65 | -0.9 | -0.53 |
| 24Q2 (19) | 1.78 | 27.14 | 22.76 | 32.56 | -0.4 | -0.7 | 15.72 | -3.26 | -0.51 | 21.73 | 21.53 | 15.89 | 18.56 | 26.09 | 21.31 | 6.23 | 32.27 | 18.89 | 3.02 | 24.28 | 19.84 | 0.16 | 0.0 | 0.0 | 32.33 | 12.84 | 12.96 | 130.46 | 34.29 | 2.75 | 72.32 | -20.4 | -14.18 | 27.68 | 202.87 | 75.95 | 42.03 | -2.37 | 3.34 |
| 24Q1 (18) | 1.40 | -9.68 | 2.19 | 32.69 | 2.12 | -1.33 | 16.25 | 16.99 | -2.29 | 17.88 | -4.03 | -3.51 | 14.72 | -5.34 | -2.32 | 4.71 | -13.58 | -1.05 | 2.43 | -10.33 | 1.25 | 0.16 | -5.88 | 6.67 | 28.65 | -0.66 | -0.49 | 97.15 | -8.03 | -6.46 | 90.86 | 21.88 | 1.35 | 9.14 | -64.1 | -10.52 | 43.05 | 8.25 | -0.14 |
| 23Q4 (17) | 1.55 | 4.73 | 0.0 | 32.01 | -2.44 | -5.16 | 13.89 | -11.25 | -16.68 | 18.63 | -1.22 | -9.12 | 15.55 | 0.45 | -9.65 | 5.45 | -1.27 | -4.22 | 2.71 | 3.04 | -4.24 | 0.17 | 6.25 | 6.25 | 28.84 | -1.7 | -5.94 | 105.63 | -3.35 | -1.04 | 74.55 | -10.12 | -8.32 | 25.45 | 49.21 | 36.19 | 39.77 | -5.02 | -8.15 |
| 23Q3 (16) | 1.48 | 2.07 | 3.5 | 32.81 | 0.06 | -3.1 | 15.65 | -0.95 | -7.56 | 18.86 | 0.59 | -8.54 | 15.48 | 1.18 | -8.35 | 5.52 | 5.34 | -1.95 | 2.63 | 4.37 | -1.5 | 0.16 | 0.0 | 6.67 | 29.34 | 2.52 | -5.14 | 109.29 | -13.92 | 3.28 | 82.94 | -1.58 | 1.1 | 17.06 | 8.44 | -4.35 | 41.87 | 2.95 | -5.99 |
| 23Q2 (15) | 1.45 | 5.84 | 13.28 | 32.79 | -1.03 | 2.47 | 15.80 | -4.99 | 4.98 | 18.75 | 1.19 | 3.14 | 15.30 | 1.53 | 2.48 | 5.24 | 10.08 | 10.55 | 2.52 | 5.0 | 8.62 | 0.16 | 6.67 | 6.67 | 28.62 | -0.59 | 0.77 | 126.97 | 22.25 | 1.24 | 84.27 | -6.01 | 1.68 | 15.73 | 54.03 | -8.92 | 40.67 | -5.66 | -8.17 |
| 23Q1 (14) | 1.37 | -11.61 | -13.84 | 33.13 | -1.84 | 2.0 | 16.63 | -0.24 | 7.43 | 18.53 | -9.61 | -16.83 | 15.07 | -12.43 | -20.35 | 4.76 | -16.34 | -16.34 | 2.40 | -15.19 | -19.19 | 0.15 | -6.25 | 0.0 | 28.79 | -6.1 | -11.96 | 103.86 | -2.7 | 11.87 | 89.66 | 10.26 | 28.99 | 10.21 | -45.36 | -66.51 | 43.11 | -0.44 | -2.71 |
| 22Q4 (13) | 1.55 | 8.39 | -3.73 | 33.75 | -0.32 | -1.11 | 16.67 | -1.54 | -8.26 | 20.50 | -0.58 | -4.92 | 17.21 | 1.89 | -11.06 | 5.69 | 1.07 | -8.37 | 2.83 | 5.99 | -10.44 | 0.16 | 6.67 | 0.0 | 30.66 | -0.87 | -3.74 | 106.74 | 0.87 | 11.22 | 81.31 | -0.89 | -3.44 | 18.69 | 4.79 | 19.26 | 43.30 | -2.78 | 1.74 |
| 22Q3 (12) | 1.43 | 11.72 | 2.14 | 33.86 | 5.81 | -6.0 | 16.93 | 12.49 | -10.89 | 20.62 | 13.42 | -9.0 | 16.89 | 13.13 | -8.5 | 5.63 | 18.78 | -2.6 | 2.67 | 15.09 | -2.2 | 0.15 | 0.0 | 0.0 | 30.93 | 8.91 | -8.92 | 105.82 | -15.62 | 2.99 | 82.04 | -1.01 | -2.16 | 17.83 | 3.26 | 10.43 | 44.54 | 0.56 | 1.2 |
| 22Q2 (11) | 1.28 | -19.5 | -7.91 | 32.00 | -1.48 | -11.75 | 15.05 | -2.78 | -19.9 | 18.18 | -18.4 | -18.03 | 14.93 | -21.09 | -17.74 | 4.74 | -16.7 | -13.35 | 2.32 | -21.89 | -11.79 | 0.15 | 0.0 | 7.14 | 28.40 | -13.15 | -14.61 | 125.41 | 35.08 | -2.18 | 82.87 | 19.23 | -2.19 | 17.27 | -43.36 | 13.08 | 44.29 | -0.05 | -2.6 |
| 22Q1 (10) | 1.59 | -1.24 | 19.55 | 32.48 | -4.83 | -10.18 | 15.48 | -14.8 | -20.66 | 22.28 | 3.34 | 6.3 | 18.92 | -2.22 | 11.49 | 5.69 | -8.37 | 13.8 | 2.97 | -6.01 | 15.12 | 0.15 | -6.25 | 0.0 | 32.70 | 2.67 | 2.8 | 92.84 | -3.26 | -3.26 | 69.51 | -17.45 | -25.35 | 30.49 | 94.57 | 343.03 | 44.31 | 4.11 | 0.73 |
| 21Q4 (9) | 1.61 | 15.0 | -1.83 | 34.13 | -5.25 | -8.82 | 18.17 | -4.37 | -7.86 | 21.56 | -4.85 | -13.79 | 19.35 | 4.82 | -8.03 | 6.21 | 7.44 | -5.34 | 3.16 | 15.75 | -4.82 | 0.16 | 6.67 | 0.0 | 31.85 | -6.21 | -12.62 | 95.97 | -6.6 | -2.12 | 84.20 | 0.42 | 6.8 | 15.67 | -2.96 | -25.92 | 42.56 | -3.29 | -3.93 |
| 21Q3 (8) | 1.40 | 0.72 | 2.94 | 36.02 | -0.66 | -2.46 | 19.00 | 1.12 | -3.36 | 22.66 | 2.16 | 2.44 | 18.46 | 1.71 | 3.59 | 5.78 | 5.67 | 1.05 | 2.73 | 3.8 | 0.37 | 0.15 | 7.14 | 0.0 | 33.96 | 2.1 | 2.82 | 102.75 | -19.86 | 0.67 | 83.85 | -1.03 | -5.61 | 16.15 | 5.73 | 46.31 | 44.01 | -3.21 | 1.24 |
| 21Q2 (7) | 1.39 | 4.51 | 14.88 | 36.26 | 0.28 | 1.91 | 18.79 | -3.69 | 2.4 | 22.18 | 5.82 | 11.01 | 18.15 | 6.95 | 14.66 | 5.47 | 9.4 | 11.18 | 2.63 | 1.94 | 10.5 | 0.14 | -6.67 | -6.67 | 33.26 | 4.56 | 8.06 | 128.21 | 33.59 | 2.58 | 84.73 | -9.01 | -7.74 | 15.27 | 121.92 | 87.11 | 45.47 | 3.36 | 0 |
| 21Q1 (6) | 1.33 | -18.9 | 9.92 | 36.16 | -3.39 | -0.08 | 19.51 | -1.06 | 1.09 | 20.96 | -16.19 | 5.7 | 16.97 | -19.34 | 4.24 | 5.00 | -23.78 | 6.38 | 2.58 | -22.29 | 7.05 | 0.15 | -6.25 | 0.0 | 31.81 | -12.73 | 2.51 | 95.97 | -2.12 | 0.89 | 93.12 | 18.1 | -4.25 | 6.88 | -67.46 | 164.78 | 43.99 | -0.7 | -2.5 |
| 20Q4 (5) | 1.64 | 20.59 | 35.54 | 37.43 | 1.35 | 3.97 | 19.72 | 0.31 | 10.91 | 25.01 | 13.07 | 28.26 | 21.04 | 18.07 | 32.41 | 6.56 | 14.69 | 32.26 | 3.32 | 22.06 | 31.75 | 0.16 | 6.67 | 0.0 | 36.45 | 10.35 | 20.34 | 98.05 | -3.94 | -3.08 | 78.85 | -11.24 | -13.48 | 21.15 | 91.64 | 138.43 | 44.30 | 1.91 | 0 |
| 20Q3 (4) | 1.36 | 12.4 | 0.0 | 36.93 | 3.79 | 0.0 | 19.66 | 7.14 | 0.0 | 22.12 | 10.71 | 0.0 | 17.82 | 12.57 | 0.0 | 5.72 | 16.26 | 0.0 | 2.72 | 14.29 | 0.0 | 0.15 | 0.0 | 0.0 | 33.03 | 7.31 | 0.0 | 102.07 | -18.34 | 0.0 | 88.83 | -3.27 | 0.0 | 11.04 | 35.22 | 0.0 | 43.47 | 0 | 0.0 |
| 20Q2 (3) | 1.21 | 0.0 | 0.0 | 35.58 | -1.69 | 0.0 | 18.35 | -4.92 | 0.0 | 19.98 | 0.76 | 0.0 | 15.83 | -2.76 | 0.0 | 4.92 | 4.68 | 0.0 | 2.38 | -1.24 | 0.0 | 0.15 | 0.0 | 0.0 | 30.78 | -0.81 | 0.0 | 124.99 | 31.4 | 0.0 | 91.84 | -5.56 | 0.0 | 8.16 | 214.05 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.21 | 0.0 | 0.0 | 36.19 | 0.53 | 0.0 | 19.30 | 8.55 | 0.0 | 19.83 | 1.69 | 0.0 | 16.28 | 2.45 | 0.0 | 4.70 | -5.24 | 0.0 | 2.41 | -4.37 | 0.0 | 0.15 | -6.25 | 0.0 | 31.03 | 2.44 | 0.0 | 95.12 | -5.98 | 0.0 | 97.25 | 6.72 | 0.0 | 2.60 | -70.7 | 0.0 | 45.12 | 0 | 0.0 |
| 19Q4 (1) | 1.21 | 0.0 | 0.0 | 36.00 | 0.0 | 0.0 | 17.78 | 0.0 | 0.0 | 19.50 | 0.0 | 0.0 | 15.89 | 0.0 | 0.0 | 4.96 | 0.0 | 0.0 | 2.52 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 30.29 | 0.0 | 0.0 | 101.17 | 0.0 | 0.0 | 91.13 | 0.0 | 0.0 | 8.87 | 0.0 | 0.0 | 0.00 | 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) | 5.85 | 0.0 | 32.67 | -1.12 | 15.46 | -3.62 | 9.05 | -3.7 | 18.69 | -8.34 | 15.36 | -9.54 | 20.49 | -3.58 | 10.28 | -4.46 | 0.65 | 4.84 | 28.90 | -5.8 | 105.63 | -1.04 | 82.71 | 5.1 | 17.26 | -18.97 | 1.71 | -7.96 | 41.32 | -6.3 |
| 2022 (9) | 5.85 | 2.09 | 33.04 | -7.24 | 16.04 | -14.95 | 9.40 | -6.73 | 20.39 | -6.6 | 16.98 | -6.91 | 21.25 | -2.3 | 10.76 | -4.01 | 0.62 | 1.64 | 30.68 | -6.18 | 106.74 | 11.22 | 78.70 | -8.93 | 21.30 | 56.48 | 1.86 | 20.74 | 44.10 | 0.27 |
| 2021 (8) | 5.73 | 5.72 | 35.62 | -2.54 | 18.86 | -2.08 | 10.08 | -2.76 | 21.83 | 0.23 | 18.24 | 2.59 | 21.75 | 2.11 | 11.21 | 3.7 | 0.61 | 1.67 | 32.70 | -0.49 | 95.97 | -2.12 | 86.42 | -2.29 | 13.61 | 17.79 | 1.54 | -7.01 | 43.98 | -0.05 |
| 2020 (7) | 5.42 | 11.75 | 36.55 | 0.19 | 19.26 | 1.96 | 10.37 | 0.76 | 21.78 | 9.06 | 17.78 | 9.55 | 21.30 | 7.58 | 10.81 | 6.19 | 0.60 | -3.23 | 32.86 | 5.97 | 98.05 | -3.08 | 88.44 | -6.46 | 11.56 | 112.08 | 1.66 | -11.0 | 44.00 | 1.08 |
| 2019 (6) | 4.85 | 4.53 | 36.48 | -0.44 | 18.89 | -1.2 | 10.29 | 21.42 | 19.97 | 5.11 | 16.23 | 3.57 | 19.80 | 0.71 | 10.18 | 0.0 | 0.62 | -3.13 | 31.01 | 9.81 | 101.17 | 8.32 | 94.55 | -6.04 | 5.45 | 0 | 1.86 | -9.75 | 43.53 | -0.39 |
| 2018 (5) | 4.64 | -7.2 | 36.64 | 2.89 | 19.12 | 12.34 | 8.47 | -4.22 | 19.00 | -5.38 | 15.67 | -8.47 | 19.66 | -9.86 | 10.18 | -7.45 | 0.64 | 1.59 | 28.24 | -5.23 | 93.40 | -4.94 | 100.63 | 18.74 | -0.63 | 0 | 2.06 | 0 | 43.70 | -1.4 |
| 2017 (4) | 5.00 | 257.14 | 35.61 | -3.65 | 17.02 | -12.72 | 8.85 | 7.06 | 20.08 | 162.14 | 17.12 | 258.91 | 21.81 | 256.96 | 11.00 | 231.33 | 0.63 | -5.97 | 29.80 | 77.8 | 98.25 | -5.32 | 84.74 | -66.7 | 15.26 | 0 | 0.00 | 0 | 44.32 | 1.53 |
| 2016 (3) | 1.40 | -70.09 | 36.96 | 2.64 | 19.50 | 7.5 | 8.26 | 7.87 | 7.66 | -60.74 | 4.77 | -69.89 | 6.11 | -67.81 | 3.32 | -68.62 | 0.67 | 1.52 | 16.76 | -40.46 | 103.77 | 25.55 | 254.50 | 173.61 | -154.40 | 0 | 0.00 | 0 | 43.65 | -3.32 |
| 2015 (2) | 4.68 | 1.3 | 36.01 | -2.75 | 18.14 | -2.37 | 7.66 | 8.97 | 19.51 | -0.56 | 15.84 | -0.75 | 18.98 | -1.66 | 10.58 | -3.02 | 0.66 | -2.94 | 28.15 | 2.14 | 82.65 | 3.65 | 93.02 | -1.77 | 6.98 | 31.65 | 0.00 | 0 | 45.15 | -3.55 |
| 2014 (1) | 4.62 | 3.12 | 37.03 | 0 | 18.58 | 0 | 7.03 | -0.81 | 19.62 | 0 | 15.96 | 0 | 19.30 | 0 | 10.91 | 0 | 0.68 | -2.86 | 27.56 | 0.92 | 79.74 | 2.53 | 94.70 | -3.34 | 5.30 | 166.98 | 0.00 | 0 | 46.81 | -1.62 |
