- 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) | 2.98 | -1.32 | 0.34 | 22.23 | -4.71 | -7.45 | 13.13 | -9.57 | -15.62 | 13.80 | -7.57 | -6.06 | 11.28 | -7.47 | -5.13 | 5.00 | -8.93 | -7.24 | 2.29 | -4.98 | -5.76 | 0.19 | 5.56 | 0.0 | 23.24 | -4.68 | -1.32 | 129.80 | -8.91 | 0.9 | 95.22 | -2.06 | -10.09 | 4.87 | 75.68 | 182.36 | 9.36 | -1.16 | 2.63 |
| 24Q2 (19) | 3.02 | 15.71 | 12.27 | 23.33 | 2.01 | 5.66 | 14.52 | 4.91 | 7.08 | 14.93 | 1.36 | 9.3 | 12.19 | 1.5 | 9.72 | 5.49 | 15.58 | 4.17 | 2.41 | 12.62 | 6.17 | 0.18 | 5.88 | -5.26 | 24.38 | -1.97 | 7.26 | 142.50 | -1.9 | -2.89 | 97.23 | 3.52 | -2.08 | 2.77 | -54.43 | 290.22 | 9.47 | -10.91 | 2.93 |
| 24Q1 (18) | 2.61 | 97.73 | 62.11 | 22.87 | 15.8 | 23.89 | 13.84 | 75.63 | 39.24 | 14.73 | 78.76 | 45.55 | 12.01 | 82.8 | 44.52 | 4.75 | 110.18 | 43.07 | 2.14 | 89.38 | 42.67 | 0.17 | 13.33 | 6.25 | 24.87 | 27.87 | 18.32 | 145.26 | 11.82 | -3.99 | 93.92 | -1.73 | -4.37 | 6.08 | 37.23 | 239.36 | 10.63 | -8.76 | 1.24 |
| 23Q4 (17) | 1.32 | -55.56 | 69.23 | 19.75 | -17.78 | 12.86 | 7.88 | -49.36 | 39.47 | 8.24 | -43.91 | 107.04 | 6.57 | -44.74 | 61.82 | 2.26 | -58.07 | 63.77 | 1.13 | -53.5 | 56.94 | 0.15 | -21.05 | 7.14 | 19.45 | -17.41 | 21.41 | 129.91 | 0.99 | -4.29 | 95.57 | -9.76 | -32.59 | 4.43 | 174.97 | 110.6 | 11.65 | 27.74 | -1.77 |
| 23Q3 (16) | 2.97 | 10.41 | 15.56 | 24.02 | 8.79 | 12.77 | 15.56 | 14.75 | 20.43 | 14.69 | 7.54 | 7.86 | 11.89 | 7.02 | 12.49 | 5.39 | 2.28 | 8.89 | 2.43 | 7.05 | 10.45 | 0.19 | 0.0 | -5.0 | 23.55 | 3.61 | 4.76 | 128.64 | -12.33 | -3.37 | 105.91 | 6.67 | 11.63 | -5.91 | -932.4 | -215.35 | 9.12 | -0.87 | 1.0 |
| 23Q2 (15) | 2.69 | 67.08 | 11.62 | 22.08 | 19.61 | 0.41 | 13.56 | 36.42 | 4.31 | 13.66 | 34.98 | -2.08 | 11.11 | 33.69 | 0.0 | 5.27 | 58.73 | 3.74 | 2.27 | 51.33 | 4.61 | 0.19 | 18.75 | 0.0 | 22.73 | 8.14 | -2.07 | 146.74 | -3.01 | 4.98 | 99.29 | 1.1 | 6.49 | 0.71 | -60.37 | -89.5 | 9.20 | -12.38 | -3.56 |
| 23Q1 (14) | 1.61 | 106.41 | -16.58 | 18.46 | 5.49 | -16.28 | 9.94 | 75.93 | -22.22 | 10.12 | 154.27 | -22.75 | 8.31 | 104.68 | -18.53 | 3.32 | 140.58 | -18.02 | 1.50 | 108.33 | -15.25 | 0.16 | 14.29 | 0.0 | 21.02 | 31.21 | -12.09 | 151.29 | 11.46 | 4.09 | 98.21 | -30.73 | 0.67 | 1.79 | 104.29 | -26.85 | 10.50 | -11.47 | -0.47 |
| 22Q4 (13) | 0.78 | -69.65 | -8.24 | 17.50 | -17.84 | -10.53 | 5.65 | -56.27 | -31.1 | 3.98 | -70.78 | -45.03 | 4.06 | -61.59 | -22.96 | 1.38 | -72.12 | -24.18 | 0.72 | -67.27 | -15.29 | 0.14 | -30.0 | -6.67 | 16.02 | -28.74 | -19.78 | 135.74 | 1.97 | -0.48 | 141.78 | 49.44 | 24.96 | -41.78 | -915.62 | -210.27 | 11.86 | 31.34 | -0.75 |
| 22Q3 (12) | 2.57 | 6.64 | 43.58 | 21.30 | -3.14 | -7.91 | 12.92 | -0.62 | -6.31 | 13.62 | -2.37 | 0.07 | 10.57 | -4.86 | 10.56 | 4.95 | -2.56 | 27.91 | 2.20 | 1.38 | 30.18 | 0.20 | 5.26 | 17.65 | 22.48 | -3.15 | -7.57 | 133.12 | -4.76 | -3.8 | 94.88 | 1.76 | -6.37 | 5.12 | -24.23 | 483.71 | 9.03 | -5.35 | -14.89 |
| 22Q2 (11) | 2.41 | 24.87 | -4.37 | 21.99 | -0.27 | -14.6 | 13.00 | 1.72 | -21.92 | 13.95 | 6.49 | -13.25 | 11.11 | 8.92 | -11.9 | 5.08 | 25.43 | -10.25 | 2.17 | 22.6 | -9.21 | 0.19 | 18.75 | 5.56 | 23.21 | -2.93 | -11.55 | 139.78 | -3.83 | -3.14 | 93.24 | -4.42 | -9.97 | 6.76 | 176.08 | 289.51 | 9.54 | -9.57 | -2.75 |
| 22Q1 (10) | 1.93 | 127.06 | 15.57 | 22.05 | 12.73 | -3.16 | 12.78 | 55.85 | -4.56 | 13.10 | 80.94 | 2.75 | 10.20 | 93.55 | 4.51 | 4.05 | 122.53 | 8.87 | 1.77 | 108.24 | 7.27 | 0.16 | 6.67 | 0.0 | 23.91 | 19.73 | -3.9 | 145.34 | 6.56 | -0.77 | 97.55 | -14.03 | -7.14 | 2.45 | 118.18 | 148.46 | 10.55 | -11.72 | -5.21 |
| 21Q4 (9) | 0.85 | -52.51 | 30.77 | 19.56 | -15.43 | 6.48 | 8.20 | -40.54 | 20.41 | 7.24 | -46.8 | 17.53 | 5.27 | -44.87 | 7.77 | 1.82 | -52.97 | 25.52 | 0.85 | -49.7 | 21.43 | 0.15 | -11.76 | 15.38 | 19.97 | -17.89 | -7.03 | 136.39 | -1.44 | 6.33 | 113.47 | 11.97 | 2.74 | -13.47 | -908.68 | -28.97 | 11.95 | 12.63 | -4.4 |
| 21Q3 (8) | 1.79 | -28.97 | -22.51 | 23.13 | -10.17 | -5.36 | 13.79 | -17.18 | -12.39 | 13.61 | -15.36 | -12.98 | 9.56 | -24.19 | -22.97 | 3.87 | -31.63 | -26.7 | 1.69 | -29.29 | -24.22 | 0.17 | -5.56 | 0.0 | 24.32 | -7.32 | -8.74 | 138.38 | -4.11 | -3.1 | 101.34 | -2.16 | 0.76 | -1.34 | 62.58 | -94.26 | 10.61 | 8.15 | 7.83 |
| 21Q2 (7) | 2.52 | 50.9 | 36.22 | 25.75 | 13.09 | 15.11 | 16.65 | 24.35 | 33.73 | 16.08 | 26.12 | 25.53 | 12.61 | 29.2 | 21.95 | 5.66 | 52.15 | 29.22 | 2.39 | 44.85 | 30.6 | 0.18 | 12.5 | 5.88 | 26.24 | 5.47 | 8.47 | 144.31 | -1.47 | -6.04 | 103.57 | -1.41 | 6.54 | -3.57 | 29.4 | -227.69 | 9.81 | -11.86 | 0 |
| 21Q1 (6) | 1.67 | 156.92 | 83.52 | 22.77 | 23.95 | 23.95 | 13.39 | 96.62 | 57.71 | 12.75 | 106.98 | 59.38 | 9.76 | 99.59 | 47.66 | 3.72 | 156.55 | 66.07 | 1.65 | 135.71 | 55.66 | 0.16 | 23.08 | 14.29 | 24.88 | 15.83 | 13.09 | 146.47 | 14.19 | -4.95 | 105.05 | -4.88 | -0.83 | -5.05 | 51.6 | 18.68 | 11.13 | -10.96 | -3.89 |
| 20Q4 (5) | 0.65 | -71.86 | 16.07 | 18.37 | -24.84 | 3.61 | 6.81 | -56.73 | 28.98 | 6.16 | -60.61 | 16.45 | 4.89 | -60.6 | 19.56 | 1.45 | -72.54 | 11.54 | 0.70 | -68.61 | 0.0 | 0.13 | -23.53 | -7.14 | 21.48 | -19.4 | 9.93 | 128.27 | -10.18 | -1.05 | 110.44 | 9.81 | 10.44 | -10.44 | -1419.28 | 0 | 12.50 | 27.03 | 7.02 |
| 20Q3 (4) | 2.31 | 24.86 | 0.0 | 24.44 | 9.25 | 0.0 | 15.74 | 26.43 | 0.0 | 15.64 | 22.09 | 0.0 | 12.41 | 20.02 | 0.0 | 5.28 | 20.55 | 0.0 | 2.23 | 21.86 | 0.0 | 0.17 | 0.0 | 0.0 | 26.65 | 10.17 | 0.0 | 142.80 | -7.02 | 0.0 | 100.57 | 3.46 | 0.0 | -0.69 | -124.6 | 0.0 | 9.84 | 0 | 0.0 |
| 20Q2 (3) | 1.85 | 103.3 | 0.0 | 22.37 | 21.77 | 0.0 | 12.45 | 46.64 | 0.0 | 12.81 | 60.13 | 0.0 | 10.34 | 56.43 | 0.0 | 4.38 | 95.54 | 0.0 | 1.83 | 72.64 | 0.0 | 0.17 | 21.43 | 0.0 | 24.19 | 9.95 | 0.0 | 153.58 | -0.33 | 0.0 | 97.21 | -8.24 | 0.0 | 2.79 | 144.96 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.91 | 62.5 | 0.0 | 18.37 | 3.61 | 0.0 | 8.49 | 60.8 | 0.0 | 8.00 | 51.23 | 0.0 | 6.61 | 61.61 | 0.0 | 2.24 | 72.31 | 0.0 | 1.06 | 51.43 | 0.0 | 0.14 | 0.0 | 0.0 | 22.00 | 12.59 | 0.0 | 154.09 | 18.87 | 0.0 | 105.93 | 5.93 | 0.0 | -6.21 | 0 | 0.0 | 11.58 | -0.86 | 0.0 |
| 19Q4 (1) | 0.56 | 0.0 | 0.0 | 17.73 | 0.0 | 0.0 | 5.28 | 0.0 | 0.0 | 5.29 | 0.0 | 0.0 | 4.09 | 0.0 | 0.0 | 1.30 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 19.54 | 0.0 | 0.0 | 129.63 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 11.68 | 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) | 8.60 | 11.69 | 21.28 | 2.16 | 12.05 | 6.26 | 8.85 | -4.4 | 11.95 | 3.91 | 9.69 | 5.1 | 16.00 | 4.44 | 7.47 | 8.26 | 0.71 | 1.43 | 21.85 | 1.16 | 129.91 | -4.29 | 100.79 | 2.23 | -0.79 | 0 | 0.98 | -5.0 | 10.01 | -1.09 |
| 2022 (9) | 7.70 | 12.74 | 20.83 | -9.32 | 11.34 | -14.29 | 9.25 | -11.87 | 11.50 | -9.09 | 9.22 | -2.85 | 15.32 | 6.02 | 6.90 | 5.18 | 0.70 | 6.06 | 21.60 | -10.04 | 135.74 | -0.48 | 98.59 | -5.7 | 1.44 | 0 | 1.03 | -0.82 | 10.12 | -6.38 |
| 2021 (8) | 6.83 | 19.41 | 22.97 | 8.25 | 13.23 | 16.87 | 10.50 | -9.8 | 12.65 | 13.55 | 9.49 | 6.03 | 14.45 | 15.23 | 6.56 | 11.19 | 0.66 | 8.2 | 24.01 | 0.76 | 136.39 | 6.33 | 104.55 | 2.88 | -4.55 | 0 | 1.04 | -6.06 | 10.81 | -0.64 |
| 2020 (7) | 5.72 | 21.19 | 21.22 | 6.69 | 11.32 | 8.02 | 11.64 | 10.09 | 11.14 | 19.91 | 8.95 | 31.42 | 12.54 | 14.63 | 5.90 | 7.27 | 0.61 | -14.08 | 23.83 | 12.62 | 128.27 | -1.05 | 101.62 | -9.95 | -1.62 | 0 | 1.10 | -5.91 | 10.88 | 13.22 |
| 2019 (6) | 4.72 | 26.54 | 19.89 | 12.5 | 10.48 | 32.49 | 10.57 | -3.21 | 9.29 | 24.87 | 6.81 | 23.15 | 10.94 | 30.24 | 5.50 | 21.95 | 0.71 | 2.9 | 21.16 | 7.09 | 129.63 | 3.78 | 112.86 | 6.13 | -12.86 | 0 | 1.17 | -6.94 | 9.61 | -1.54 |
| 2018 (5) | 3.73 | -11.19 | 17.68 | -6.7 | 7.91 | -8.24 | 10.92 | -10.66 | 7.44 | -15.74 | 5.53 | -23.19 | 8.40 | -14.02 | 4.51 | -13.44 | 0.69 | 9.52 | 19.76 | -11.59 | 124.91 | 8.73 | 106.34 | 8.95 | -6.34 | 0 | 1.26 | 0 | 9.76 | -6.69 |
| 2017 (4) | 4.20 | 4.48 | 18.95 | -8.05 | 8.62 | -14.82 | 12.23 | -4.82 | 8.83 | -2.65 | 7.20 | -0.14 | 9.77 | 5.39 | 5.21 | 6.54 | 0.63 | 8.62 | 22.35 | -4.97 | 114.88 | -1.03 | 97.61 | -12.5 | 2.39 | 0 | 0.00 | 0 | 10.46 | -7.19 |
| 2016 (3) | 4.02 | 23.31 | 20.61 | 11.47 | 10.12 | 32.63 | 12.85 | 7.02 | 9.07 | 45.82 | 7.21 | 34.77 | 9.27 | 29.11 | 4.89 | 31.45 | 0.58 | 1.75 | 23.52 | 18.31 | 116.08 | -6.33 | 111.55 | -9.01 | -11.55 | 0 | 0.00 | 0 | 11.27 | 2.08 |
| 2015 (2) | 3.26 | -12.37 | 18.49 | 13.71 | 7.63 | 14.39 | 12.00 | 11.47 | 6.22 | -6.04 | 5.35 | -1.47 | 7.18 | -13.18 | 3.72 | -10.79 | 0.57 | -9.52 | 19.88 | 4.74 | 123.93 | -17.49 | 122.60 | 21.64 | -22.60 | 0 | 0.00 | 0 | 11.04 | 13.0 |
| 2014 (1) | 3.72 | -12.88 | 16.26 | 0 | 6.67 | 0 | 10.77 | 3.85 | 6.62 | 0 | 5.43 | 0 | 8.27 | 0 | 4.17 | 0 | 0.63 | -11.27 | 18.98 | -4.19 | 150.20 | 14.04 | 100.79 | -4.69 | -0.70 | 0 | 0.00 | 0 | 9.77 | 3.17 |
