- 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) | 1.16 | 12.62 | -11.45 | 14.86 | 13.52 | 14.04 | 5.95 | 22.18 | 3.84 | 7.90 | 21.73 | -0.5 | 6.60 | 36.65 | 4.93 | 2.60 | 16.59 | -21.69 | 1.88 | 20.51 | -15.7 | 0.28 | -9.68 | -17.65 | 9.70 | 15.89 | 0.1 | 38.52 | -20.28 | -26.52 | 76.36 | 2.55 | 6.91 | 25.45 | -0.3 | -4.97 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.03 | 5.1 | 0.98 | 13.09 | -6.57 | 0.77 | 4.87 | -8.8 | -13.04 | 6.49 | 7.99 | 0.62 | 4.83 | 3.21 | -3.98 | 2.23 | -4.29 | -12.55 | 1.56 | -3.11 | -7.69 | 0.31 | -3.13 | -3.13 | 8.37 | 6.9 | 0.48 | 48.32 | -9.33 | -14.78 | 74.47 | -15.73 | -15.73 | 25.53 | 119.57 | 82.98 | 5.62 | -6.49 | 0.9 |
| 24Q1 (18) | 0.98 | -32.41 | 157.89 | 14.01 | 6.7 | 63.1 | 5.34 | 29.93 | 164.36 | 6.01 | -20.08 | 211.4 | 4.68 | -24.76 | 283.61 | 2.33 | -34.18 | 237.68 | 1.61 | -32.35 | 209.62 | 0.32 | -13.51 | -5.88 | 7.83 | -13.38 | 118.11 | 53.29 | -1.9 | -16.6 | 88.37 | 62.94 | -11.63 | 11.63 | -74.59 | 274.42 | 6.01 | -12.39 | 19.48 |
| 23Q4 (17) | 1.45 | 10.69 | 1108.33 | 13.13 | 0.77 | 66.84 | 4.11 | -28.27 | 183.45 | 7.52 | -5.29 | 4077.78 | 6.22 | -1.11 | 8985.71 | 3.54 | 6.63 | 7180.0 | 2.38 | 6.73 | 2544.44 | 0.37 | 8.82 | -9.76 | 9.04 | -6.71 | 447.88 | 54.32 | 3.62 | -20.15 | 54.24 | -24.07 | -91.66 | 45.76 | 70.85 | 107.63 | 6.86 | 39.43 | 85.91 |
| 23Q3 (16) | 1.31 | 28.43 | 245.56 | 13.03 | 0.31 | 196.81 | 5.73 | 2.32 | 261.86 | 7.94 | 23.1 | 248.69 | 6.29 | 25.05 | 226.05 | 3.32 | 30.2 | 205.06 | 2.23 | 31.95 | 228.16 | 0.34 | 6.25 | -5.56 | 9.69 | 16.33 | 349.74 | 52.42 | -7.55 | -30.6 | 71.43 | -19.17 | 8.37 | 26.79 | 91.96 | -21.43 | 4.92 | -11.67 | 19.71 |
| 23Q2 (15) | 1.02 | 168.42 | 75.86 | 12.99 | 51.22 | 28.36 | 5.60 | 177.23 | 101.44 | 6.45 | 234.2 | 118.64 | 5.03 | 312.3 | 145.37 | 2.55 | 269.57 | 94.66 | 1.69 | 225.0 | 98.82 | 0.32 | -5.88 | -17.95 | 8.33 | 132.03 | 97.39 | 56.70 | -11.27 | -23.11 | 88.37 | -11.63 | -4.26 | 13.95 | 309.3 | 81.4 | 5.57 | 10.74 | 36.52 |
| 23Q1 (14) | 0.38 | 216.67 | 8.57 | 8.59 | 9.15 | -19.57 | 2.02 | 39.31 | -16.53 | 1.93 | 972.22 | 39.86 | 1.22 | 1842.86 | 87.69 | 0.69 | 1480.0 | 97.14 | 0.52 | 477.78 | 100.0 | 0.34 | -17.07 | -5.56 | 3.59 | 117.58 | 30.07 | 63.90 | -6.07 | 22.2 | 100.00 | -84.62 | -38.89 | -6.67 | 98.89 | 90.83 | 5.03 | 36.31 | -10.34 |
| 22Q4 (13) | 0.12 | 113.33 | -87.63 | 7.87 | 79.27 | -36.12 | 1.45 | 140.96 | -63.57 | 0.18 | 103.37 | -96.21 | -0.07 | 98.6 | -101.87 | -0.05 | 98.42 | -102.11 | 0.09 | 105.17 | -94.19 | 0.41 | 13.89 | 2.5 | 1.65 | 142.53 | -71.89 | 68.03 | -9.93 | 24.92 | 650.00 | 886.21 | 664.71 | -600.00 | -1860.0 | -3528.57 | 3.69 | -10.22 | -25.15 |
| 22Q3 (12) | -0.90 | -255.17 | -213.92 | 4.39 | -56.62 | -41.54 | -3.54 | -227.34 | -511.63 | -5.34 | -281.02 | -241.64 | -4.99 | -343.41 | -278.85 | -3.16 | -341.22 | -297.5 | -1.74 | -304.71 | -264.15 | 0.36 | -7.69 | -2.7 | -3.88 | -191.94 | -172.52 | 75.53 | 2.43 | 29.13 | 65.91 | -28.6 | 173.05 | 34.09 | 343.18 | -55.06 | 4.11 | 0.74 | 11.99 |
| 22Q2 (11) | 0.58 | 65.71 | -38.3 | 10.12 | -5.24 | -10.2 | 2.78 | 14.88 | 1.09 | 2.95 | 113.77 | -38.41 | 2.05 | 215.38 | -45.48 | 1.31 | 274.29 | -35.15 | 0.85 | 226.92 | -37.04 | 0.39 | 8.33 | 11.43 | 4.22 | 52.9 | -27.86 | 73.74 | 41.02 | 38.3 | 92.31 | -43.59 | 61.54 | 7.69 | 110.58 | -82.05 | 4.08 | -27.27 | -16.05 |
| 22Q1 (10) | 0.35 | -63.92 | -63.54 | 10.68 | -13.31 | -9.8 | 2.42 | -39.2 | -42.79 | 1.38 | -70.95 | -75.4 | 0.65 | -82.67 | -85.16 | 0.35 | -85.23 | -83.64 | 0.26 | -83.23 | -81.94 | 0.36 | -10.0 | 12.5 | 2.76 | -52.98 | -58.56 | 52.29 | -3.98 | -0.55 | 163.64 | 92.51 | 118.18 | -72.73 | -515.58 | -390.91 | 5.61 | 13.79 | -7.27 |
| 21Q4 (9) | 0.97 | 22.78 | -28.68 | 12.32 | 64.05 | -13.91 | 3.98 | 362.79 | -19.92 | 4.75 | 25.99 | -40.55 | 3.75 | 34.41 | -41.31 | 2.37 | 48.12 | -27.74 | 1.55 | 46.23 | -29.55 | 0.40 | 8.11 | 17.65 | 5.87 | 9.72 | -35.21 | 54.46 | -6.89 | 8.44 | 85.00 | 252.14 | 37.1 | 17.50 | -76.93 | -53.95 | 4.93 | 34.33 | -29.97 |
| 21Q3 (8) | 0.79 | -15.96 | -36.8 | 7.51 | -33.36 | -48.1 | 0.86 | -68.73 | -85.5 | 3.77 | -21.29 | -58.43 | 2.79 | -25.8 | -63.34 | 1.60 | -20.79 | -55.8 | 1.06 | -21.48 | -55.27 | 0.37 | 5.71 | 19.35 | 5.35 | -8.55 | -47.24 | 58.49 | 9.7 | 10.65 | 24.14 | -57.76 | -62.7 | 75.86 | 77.01 | 114.94 | 3.67 | -24.49 | -40.81 |
| 21Q2 (7) | 0.94 | -2.08 | 4.44 | 11.27 | -4.81 | -32.76 | 2.75 | -34.99 | -55.28 | 4.79 | -14.62 | -43.71 | 3.76 | -14.16 | -33.33 | 2.02 | -5.61 | -22.31 | 1.35 | -6.25 | -21.05 | 0.35 | 9.37 | 20.69 | 5.85 | -12.16 | -39.38 | 53.32 | 1.41 | -3.14 | 57.14 | -23.81 | -20.35 | 42.86 | 71.43 | 51.65 | 4.86 | -19.67 | 0 |
| 21Q1 (6) | 0.96 | -29.41 | -2.04 | 11.84 | -17.26 | -19.35 | 4.23 | -14.89 | -36.1 | 5.61 | -29.79 | -22.94 | 4.38 | -31.46 | -26.51 | 2.14 | -34.76 | -28.19 | 1.44 | -34.55 | -22.99 | 0.32 | -5.88 | 3.23 | 6.66 | -26.49 | -18.88 | 52.58 | 4.7 | -11.85 | 75.00 | 20.97 | -16.67 | 25.00 | -34.21 | 150.0 | 6.05 | -14.06 | 0 |
| 20Q4 (5) | 1.36 | 8.8 | 40.21 | 14.31 | -1.11 | 12.5 | 4.97 | -16.19 | 9.23 | 7.99 | -11.91 | -5.89 | 6.39 | -16.03 | 3.23 | 3.28 | -9.39 | 2.18 | 2.20 | -7.17 | 6.8 | 0.34 | 9.68 | 3.03 | 9.06 | -10.65 | -3.92 | 50.22 | -4.99 | -24.38 | 62.00 | -4.18 | 16.25 | 38.00 | 7.67 | -18.57 | 7.04 | 13.55 | 0 |
| 20Q3 (4) | 1.25 | 38.89 | 0.0 | 14.47 | -13.66 | 0.0 | 5.93 | -3.58 | 0.0 | 9.07 | 6.58 | 0.0 | 7.61 | 34.93 | 0.0 | 3.62 | 39.23 | 0.0 | 2.37 | 38.6 | 0.0 | 0.31 | 6.9 | 0.0 | 10.14 | 5.08 | 0.0 | 52.86 | -3.98 | 0.0 | 64.71 | -9.8 | 0.0 | 35.29 | 24.89 | 0.0 | 6.20 | 0 | 0.0 |
| 20Q2 (3) | 0.90 | -8.16 | 0.0 | 16.76 | 14.17 | 0.0 | 6.15 | -7.1 | 0.0 | 8.51 | 16.9 | 0.0 | 5.64 | -5.37 | 0.0 | 2.60 | -12.75 | 0.0 | 1.71 | -8.56 | 0.0 | 0.29 | -6.45 | 0.0 | 9.65 | 17.54 | 0.0 | 55.05 | -7.71 | 0.0 | 71.74 | -20.29 | 0.0 | 28.26 | 182.61 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.98 | 1.03 | 0.0 | 14.68 | 15.41 | 0.0 | 6.62 | 45.49 | 0.0 | 7.28 | -14.25 | 0.0 | 5.96 | -3.72 | 0.0 | 2.98 | -7.17 | 0.0 | 1.87 | -9.22 | 0.0 | 0.31 | -6.06 | 0.0 | 8.21 | -12.94 | 0.0 | 59.65 | -10.18 | 0.0 | 90.00 | 68.75 | 0.0 | 10.00 | -78.57 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.97 | 0.0 | 0.0 | 12.72 | 0.0 | 0.0 | 4.55 | 0.0 | 0.0 | 8.49 | 0.0 | 0.0 | 6.19 | 0.0 | 0.0 | 3.21 | 0.0 | 0.0 | 2.06 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 9.43 | 0.0 | 0.0 | 66.41 | 0.0 | 0.0 | 53.33 | 0.0 | 0.0 | 46.67 | 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) | 4.12 | 2842.86 | 11.90 | 44.42 | 4.31 | 445.57 | 1.37 | 15.84 | 5.93 | 0 | 4.67 | 0 | 9.95 | 0 | 6.53 | 0 | 1.32 | -14.84 | 7.63 | 525.41 | 54.32 | -20.15 | 72.67 | 0 | 27.33 | -95.03 | 0.00 | 0 | 5.62 | 29.79 |
| 2022 (9) | 0.14 | -96.08 | 8.24 | -23.21 | 0.79 | -73.04 | 1.19 | 4.7 | -0.18 | 0 | -0.56 | 0 | -1.41 | 0 | -0.59 | 0 | 1.55 | 4.03 | 1.22 | -79.43 | 68.03 | 24.92 | -450.00 | 0 | 550.00 | 1363.21 | 0.00 | 0 | 4.33 | -10.35 |
| 2021 (8) | 3.57 | -19.59 | 10.73 | -28.56 | 2.93 | -50.17 | 1.13 | 35.82 | 4.69 | -42.87 | 3.64 | -43.21 | 8.27 | -35.24 | 5.55 | -32.89 | 1.49 | 18.25 | 5.93 | -35.68 | 54.46 | 8.44 | 62.41 | -12.9 | 37.59 | 32.62 | 0.00 | 0 | 4.83 | -25.46 |
| 2020 (7) | 4.44 | 10.72 | 15.02 | 1.69 | 5.88 | 5.76 | 0.83 | 8.42 | 8.21 | -10.37 | 6.41 | -14.53 | 12.77 | 2.74 | 8.27 | -1.31 | 1.26 | 15.6 | 9.22 | -8.89 | 50.22 | -24.38 | 71.66 | 18.48 | 28.34 | -27.18 | 0.00 | 0 | 6.48 | 12.7 |
| 2019 (6) | 4.01 | 25.31 | 14.77 | 30.94 | 5.56 | 24.38 | 0.77 | 14.52 | 9.16 | 21.65 | 7.50 | 11.77 | 12.43 | 29.89 | 8.38 | 29.52 | 1.09 | 17.2 | 10.12 | 18.64 | 66.41 | 73.12 | 60.48 | 2.63 | 38.92 | -5.23 | 0.00 | 0 | 5.75 | 26.1 |
| 2018 (5) | 3.20 | -30.89 | 11.28 | -23.99 | 4.47 | -12.87 | 0.67 | -4.97 | 7.53 | -32.53 | 6.71 | -31.81 | 9.57 | -42.66 | 6.47 | -32.88 | 0.93 | -3.12 | 8.53 | -30.25 | 38.36 | -47.2 | 58.93 | 27.54 | 41.07 | -23.66 | 0.00 | 0 | 4.56 | -37.36 |
| 2017 (4) | 4.63 | -28.88 | 14.84 | 17.59 | 5.13 | 44.92 | 0.71 | -18.61 | 11.16 | -6.92 | 9.84 | -14.14 | 16.69 | -35.58 | 9.64 | -20.33 | 0.96 | -6.8 | 12.23 | -8.94 | 72.65 | -12.75 | 46.20 | 56.06 | 53.80 | -23.58 | 0.00 | 0 | 7.28 | 7.69 |
| 2016 (3) | 6.51 | 301.85 | 12.62 | 31.73 | 3.54 | 50.64 | 0.87 | 9.04 | 11.99 | 190.31 | 11.46 | 274.51 | 25.91 | 153.77 | 12.10 | 201.75 | 1.03 | -20.16 | 13.43 | 147.79 | 83.27 | -58.52 | 29.61 | -46.91 | 70.39 | 66.39 | 0.00 | 0 | 6.76 | 37.68 |
| 2015 (2) | 1.62 | 1057.14 | 9.58 | 35.69 | 2.35 | 64.34 | 0.80 | 21.27 | 4.13 | 932.5 | 3.06 | 500.0 | 10.21 | 558.71 | 4.01 | 289.32 | 1.29 | -34.18 | 5.42 | 313.74 | 200.73 | 14.15 | 55.77 | -84.79 | 42.31 | 0 | 0.00 | 0 | 4.91 | 26.22 |
| 2014 (1) | 0.14 | -84.44 | 7.06 | 0 | 1.43 | 0 | 0.66 | 0 | 0.40 | 0 | 0.51 | 0 | 1.55 | 0 | 1.03 | 0 | 1.96 | -3.92 | 1.31 | 0 | 175.84 | -3.95 | 366.67 | 877.78 | -266.67 | 0 | 0.00 | 0 | 3.89 | 0 |
