- 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) | 2.79 | 19.23 | -8.22 | 47.96 | -3.48 | -11.61 | 15.13 | -8.36 | -25.58 | 19.93 | 8.37 | -7.73 | 15.01 | 16.27 | -9.36 | 4.07 | 20.77 | -15.38 | 0.53 | 17.78 | -11.67 | 0.04 | 33.33 | 0.0 | 44.61 | 2.72 | -3.71 | 668.63 | -0.0 | -2.22 | 75.94 | -15.42 | -19.34 | 24.11 | 136.03 | 308.9 | 12.93 | 2.38 | 9.58 |
| 24Q2 (19) | 2.34 | 3.08 | -24.27 | 49.69 | -4.63 | -9.92 | 16.51 | -2.94 | -24.34 | 18.39 | 9.33 | -19.13 | 12.91 | 1.02 | -25.33 | 3.37 | 2.43 | -31.22 | 0.45 | 0.0 | -28.57 | 0.03 | 0.0 | -25.0 | 43.43 | 2.79 | -8.3 | 668.65 | 6.84 | -6.48 | 89.79 | -11.23 | -6.47 | 10.21 | 992.58 | 152.63 | 12.63 | 4.64 | 7.67 |
| 24Q1 (18) | 2.27 | 28.98 | -35.14 | 52.10 | -1.79 | -7.51 | 17.01 | 64.67 | -27.86 | 16.82 | 28.4 | -30.52 | 12.78 | 35.96 | -32.17 | 3.29 | 27.03 | -34.46 | 0.45 | 32.35 | -32.84 | 0.03 | -25.0 | -25.0 | 42.25 | 10.52 | -14.04 | 625.84 | -5.21 | -3.14 | 101.14 | 28.35 | 3.82 | -1.14 | -105.4 | -144.42 | 12.07 | -5.92 | 2.64 |
| 23Q4 (17) | 1.76 | -42.11 | -36.0 | 53.05 | -2.23 | -5.42 | 10.33 | -49.19 | -49.98 | 13.10 | -39.35 | -30.13 | 9.40 | -43.24 | -32.91 | 2.59 | -46.15 | -33.25 | 0.34 | -43.33 | -33.33 | 0.04 | 0.0 | 0.0 | 38.23 | -17.48 | -12.36 | 660.25 | -3.45 | -0.21 | 78.80 | -16.3 | -28.42 | 21.20 | 259.61 | 310.05 | 12.83 | 8.73 | 4.65 |
| 23Q3 (16) | 3.04 | -1.62 | -5.88 | 54.26 | -1.63 | -5.59 | 20.33 | -6.83 | -15.5 | 21.60 | -5.01 | -6.98 | 16.56 | -4.22 | -5.21 | 4.81 | -1.84 | -9.93 | 0.60 | -4.76 | -6.25 | 0.04 | 0.0 | 0.0 | 46.33 | -2.17 | -4.73 | 683.84 | -4.36 | 4.8 | 94.15 | -1.93 | -9.1 | 5.90 | 45.83 | 262.75 | 11.80 | 0.6 | -5.9 |
| 23Q2 (15) | 3.09 | -11.71 | 11.15 | 55.16 | -2.08 | -5.66 | 21.82 | -7.46 | -19.75 | 22.74 | -6.07 | -1.9 | 17.29 | -8.23 | 9.57 | 4.90 | -2.39 | -5.95 | 0.63 | -5.97 | 10.53 | 0.04 | 0.0 | 0.0 | 47.36 | -3.64 | -4.01 | 715.01 | 10.66 | -16.28 | 96.00 | -1.46 | -18.15 | 4.04 | 56.93 | 123.37 | 11.73 | -0.26 | -2.82 |
| 23Q1 (14) | 3.50 | 27.27 | -14.84 | 56.33 | 0.43 | -5.68 | 23.58 | 14.19 | -8.71 | 24.21 | 29.12 | -7.31 | 18.84 | 34.48 | -6.92 | 5.02 | 29.38 | -21.68 | 0.67 | 31.37 | -6.94 | 0.04 | 0.0 | 0.0 | 49.15 | 12.68 | -7.04 | 646.14 | -2.34 | -17.17 | 97.42 | -11.51 | -1.5 | 2.58 | 125.52 | 135.71 | 11.76 | -4.08 | -7.18 |
| 22Q4 (13) | 2.75 | -14.86 | -22.1 | 56.09 | -2.4 | -0.48 | 20.65 | -14.17 | -4.35 | 18.75 | -19.25 | -17.18 | 14.01 | -19.81 | -20.76 | 3.88 | -27.34 | -35.23 | 0.51 | -20.31 | -22.73 | 0.04 | 0.0 | 0.0 | 43.62 | -10.3 | -10.91 | 661.65 | 1.4 | -18.23 | 110.09 | 6.29 | 15.44 | -10.09 | -178.62 | -317.67 | 12.26 | -2.23 | -7.05 |
| 22Q3 (12) | 3.23 | 16.19 | -7.98 | 57.47 | -1.71 | 4.06 | 24.06 | -11.51 | 5.11 | 23.22 | 0.17 | -0.47 | 17.47 | 10.71 | -3.64 | 5.34 | 2.5 | -15.1 | 0.64 | 12.28 | -5.88 | 0.04 | 0.0 | 0.0 | 48.63 | -1.44 | -1.54 | 652.49 | -23.6 | -20.61 | 103.58 | -11.7 | 5.54 | -3.62 | 79.06 | -289.66 | 12.54 | 3.89 | 2.62 |
| 22Q2 (11) | 2.78 | -32.36 | -25.07 | 58.47 | -2.09 | 7.32 | 27.19 | 5.27 | 20.15 | 23.18 | -11.26 | 0.7 | 15.78 | -22.04 | -7.5 | 5.21 | -18.72 | -11.39 | 0.57 | -20.83 | -10.94 | 0.04 | 0.0 | 0.0 | 49.34 | -6.68 | -1.12 | 854.10 | 9.48 | 1.08 | 117.29 | 18.59 | 19.27 | -17.29 | -1682.46 | -1144.6 | 12.07 | -4.74 | 11.55 |
| 22Q1 (10) | 4.11 | 16.43 | 32.58 | 59.72 | 5.96 | 13.97 | 25.83 | 19.64 | 43.34 | 26.12 | 15.37 | 39.38 | 20.24 | 14.48 | 44.26 | 6.41 | 7.01 | 35.52 | 0.72 | 9.09 | 38.46 | 0.04 | 0.0 | 0.0 | 52.87 | 7.99 | 14.39 | 780.12 | -3.59 | -2.08 | 98.91 | 3.72 | 2.87 | 1.09 | -76.43 | -71.6 | 12.67 | -3.94 | 19.87 |
| 21Q4 (9) | 3.53 | 0.57 | 56.89 | 56.36 | 2.05 | 11.91 | 21.59 | -5.68 | 158.25 | 22.64 | -2.96 | 143.18 | 17.68 | -2.48 | 113.27 | 5.99 | -4.77 | 110.92 | 0.66 | -2.94 | 112.9 | 0.04 | 0.0 | 0.0 | 48.96 | -0.87 | 31.93 | 809.18 | -1.55 | -0.98 | 95.36 | -2.83 | 6.1 | 4.64 | 142.77 | -54.81 | 13.19 | 7.94 | 22.47 |
| 21Q3 (8) | 3.51 | -5.39 | 55.31 | 55.23 | 1.38 | 9.5 | 22.89 | 1.15 | 80.24 | 23.33 | 1.35 | 81.42 | 18.13 | 6.27 | 80.4 | 6.29 | 6.97 | 75.21 | 0.68 | 6.25 | 78.95 | 0.04 | 0.0 | 0.0 | 49.39 | -1.02 | 21.89 | 821.93 | -2.73 | -1.88 | 98.14 | -0.2 | -0.61 | 1.91 | 15.35 | 52.15 | 12.22 | 12.94 | 15.94 |
| 21Q2 (7) | 3.71 | 19.68 | 43.8 | 54.48 | 3.97 | 8.61 | 22.63 | 25.58 | 49.18 | 23.02 | 22.84 | 49.38 | 17.06 | 21.6 | 53.56 | 5.88 | 24.31 | 49.62 | 0.64 | 23.08 | 56.1 | 0.04 | 0.0 | 0.0 | 49.90 | 7.96 | 17.49 | 844.98 | 6.06 | -2.47 | 98.34 | 2.28 | -0.16 | 1.66 | -56.98 | 10.44 | 10.82 | 2.37 | 0 |
| 21Q1 (6) | 3.10 | 37.78 | 40.91 | 52.40 | 4.05 | 8.89 | 18.02 | 115.55 | 50.04 | 18.74 | 101.29 | 49.92 | 14.03 | 69.24 | 44.94 | 4.73 | 66.55 | 38.71 | 0.52 | 67.74 | 44.44 | 0.04 | 0.0 | 0.0 | 46.22 | 24.55 | 16.6 | 796.67 | -2.51 | -5.79 | 96.15 | 6.97 | 0.05 | 3.85 | -62.49 | -1.21 | 10.57 | -1.86 | 1.25 |
| 20Q4 (5) | 2.25 | -0.44 | 2.27 | 50.36 | -0.16 | 12.44 | 8.36 | -34.17 | -5.22 | 9.31 | -27.6 | -8.64 | 8.29 | -17.51 | -9.4 | 2.84 | -20.89 | -12.62 | 0.31 | -18.42 | -8.82 | 0.04 | 0.0 | 0.0 | 37.11 | -8.42 | -2.19 | 817.21 | -2.44 | -6.01 | 89.88 | -8.97 | 3.75 | 10.26 | 717.39 | -23.2 | 10.77 | 2.18 | 0 |
| 20Q3 (4) | 2.26 | -12.4 | 0.0 | 50.44 | 0.56 | 0.0 | 12.70 | -16.28 | 0.0 | 12.86 | -16.55 | 0.0 | 10.05 | -9.54 | 0.0 | 3.59 | -8.65 | 0.0 | 0.38 | -7.32 | 0.0 | 0.04 | 0.0 | 0.0 | 40.52 | -4.59 | 0.0 | 837.69 | -3.31 | 0.0 | 98.74 | 0.25 | 0.0 | 1.26 | -16.27 | 0.0 | 10.54 | 0 | 0.0 |
| 20Q2 (3) | 2.58 | 17.27 | 0.0 | 50.16 | 4.24 | 0.0 | 15.17 | 26.31 | 0.0 | 15.41 | 23.28 | 0.0 | 11.11 | 14.77 | 0.0 | 3.93 | 15.25 | 0.0 | 0.41 | 13.89 | 0.0 | 0.04 | 0.0 | 0.0 | 42.47 | 7.14 | 0.0 | 866.39 | 2.45 | 0.0 | 98.50 | 2.49 | 0.0 | 1.50 | -61.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.20 | 0.0 | 0.0 | 48.12 | 7.43 | 0.0 | 12.01 | 36.17 | 0.0 | 12.50 | 22.67 | 0.0 | 9.68 | 5.79 | 0.0 | 3.41 | 4.92 | 0.0 | 0.36 | 5.88 | 0.0 | 0.04 | 0.0 | 0.0 | 39.64 | 4.48 | 0.0 | 845.67 | -2.74 | 0.0 | 96.10 | 10.92 | 0.0 | 3.90 | -70.84 | 0.0 | 10.44 | 0 | 0.0 |
| 19Q4 (1) | 2.20 | 0.0 | 0.0 | 44.79 | 0.0 | 0.0 | 8.82 | 0.0 | 0.0 | 10.19 | 0.0 | 0.0 | 9.15 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 37.94 | 0.0 | 0.0 | 869.50 | 0.0 | 0.0 | 86.64 | 0.0 | 0.0 | 13.36 | 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) | 11.07 | -8.21 | 54.66 | -5.53 | 18.89 | -22.3 | 16.78 | -0.21 | 20.31 | -10.45 | 15.43 | -7.94 | 16.99 | -14.79 | 2.24 | -7.82 | 0.14 | 0.0 | 45.16 | -6.75 | 660.25 | -0.21 | 93.02 | -13.24 | 6.98 | 0 | 0.28 | 128.45 | 12.04 | -2.75 |
| 2022 (9) | 12.06 | -6.94 | 57.86 | 5.84 | 24.31 | 14.02 | 16.82 | -6.18 | 22.68 | 3.18 | 16.76 | -0.06 | 19.94 | -11.42 | 2.43 | -1.62 | 0.14 | -6.67 | 48.43 | -0.45 | 661.65 | -18.23 | 107.21 | 10.5 | -7.23 | 0 | 0.12 | -11.43 | 12.38 | 5.45 |
| 2021 (8) | 12.96 | 46.44 | 54.67 | 9.85 | 21.32 | 76.93 | 17.92 | -6.52 | 21.98 | 75.7 | 16.77 | 71.47 | 22.51 | 66.13 | 2.47 | 70.34 | 0.15 | 0.0 | 48.65 | 21.5 | 809.18 | -0.98 | 97.02 | 0.72 | 2.98 | -18.29 | 0.14 | -19.82 | 11.74 | 11.7 |
| 2020 (7) | 8.85 | -3.17 | 49.77 | 3.45 | 12.05 | -8.64 | 19.17 | 0.48 | 12.51 | -8.95 | 9.78 | -6.86 | 13.55 | -9.18 | 1.45 | -12.12 | 0.15 | -6.25 | 40.04 | -0.37 | 817.21 | -6.01 | 96.33 | 0.34 | 3.64 | -8.84 | 0.17 | 17.37 | 10.51 | -1.31 |
| 2019 (6) | 9.14 | -1.4 | 48.11 | 11.91 | 13.19 | -11.06 | 19.08 | -9.96 | 13.74 | -10.37 | 10.50 | -5.66 | 14.92 | -7.62 | 1.65 | -8.33 | 0.16 | 0.0 | 40.19 | -6.77 | 869.50 | 16.88 | 96.00 | -0.75 | 4.00 | 22.18 | 0.14 | -6.4 | 10.65 | -1.75 |
| 2018 (5) | 9.27 | 9.57 | 42.99 | -3.18 | 14.83 | -5.24 | 21.19 | -15.68 | 15.33 | -7.15 | 11.13 | -14.25 | 16.15 | -17.31 | 1.80 | -11.76 | 0.16 | 0.0 | 43.11 | 3.28 | 743.94 | -14.8 | 96.73 | 2.06 | 3.27 | -37.39 | 0.15 | -15.39 | 10.84 | 10.5 |
| 2017 (4) | 8.46 | 31.98 | 44.40 | 3.84 | 15.65 | 9.67 | 25.14 | -4.65 | 16.51 | 25.84 | 12.98 | 24.09 | 19.53 | 23.92 | 2.04 | 16.57 | 0.16 | -5.88 | 41.74 | 5.51 | 873.22 | 4.38 | 94.78 | -12.93 | 5.22 | 0 | 0.18 | 0 | 9.81 | 2.83 |
| 2016 (3) | 6.41 | 19.59 | 42.76 | 5.27 | 14.27 | 2.22 | 26.36 | -4.32 | 13.12 | 14.19 | 10.46 | 14.19 | 15.76 | 7.72 | 1.75 | 4.17 | 0.17 | -5.56 | 39.56 | 1.18 | 836.60 | 9.54 | 108.85 | -10.37 | -8.81 | 0 | 0.00 | 0 | 9.54 | 7.31 |
| 2015 (2) | 5.36 | -9.15 | 40.62 | 3.62 | 13.96 | 3.64 | 27.55 | -6.68 | 11.49 | -16.62 | 9.16 | -12.51 | 14.63 | -19.22 | 1.68 | -21.5 | 0.18 | -10.0 | 39.10 | -9.8 | 763.73 | -2.33 | 121.45 | 24.16 | -21.45 | 0 | 0.00 | 0 | 8.89 | 7.76 |
| 2014 (1) | 5.90 | 3.87 | 39.20 | 0 | 13.47 | 0 | 29.53 | -11.6 | 13.78 | 0 | 10.47 | 0 | 18.11 | 0 | 2.14 | 0 | 0.20 | -9.09 | 43.35 | -8.76 | 781.96 | 10.52 | 97.82 | 6.23 | 2.18 | -72.43 | 0.00 | 0 | 8.25 | 2.74 |
