- 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) | 1.17 | 0.86 | 178.57 | 35.84 | 2.17 | 62.39 | 21.33 | -3.0 | 129.85 | 21.51 | -3.06 | 115.75 | 17.97 | 0.67 | 136.76 | 4.28 | -2.95 | 157.83 | 2.41 | 0.0 | 111.4 | 0.12 | 0.0 | 20.0 | 33.93 | -2.36 | 41.43 | 101.26 | -5.13 | -8.28 | 99.14 | -0.02 | 6.83 | 0.86 | 2.87 | -86.72 | 12.90 | -0.39 | 17.06 |
| 24Q2 (19) | 1.16 | 43.21 | 413.51 | 35.08 | 12.04 | 370.87 | 21.99 | 26.89 | 828.15 | 22.19 | 24.87 | 524.28 | 17.85 | 27.05 | 371.69 | 4.41 | 38.68 | 397.97 | 2.41 | 30.98 | 734.21 | 0.12 | 9.09 | 9.09 | 34.75 | 9.66 | 332.75 | 106.73 | -8.14 | -2.4 | 99.16 | 1.95 | 70.65 | 0.84 | -64.35 | -98.01 | 12.95 | -5.27 | -3.07 |
| 24Q1 (18) | 0.81 | 113.16 | 247.27 | 31.31 | 8.04 | 2384.92 | 17.33 | 5.48 | 334.51 | 17.77 | 121.57 | 267.64 | 14.05 | 117.49 | 264.91 | 3.18 | 114.86 | 255.12 | 1.84 | 70.37 | 359.15 | 0.11 | 0.0 | -8.33 | 31.69 | 44.97 | 4125.33 | 116.19 | 10.24 | 5.68 | 97.27 | -52.57 | 38.95 | 2.34 | 102.23 | -92.19 | 13.67 | -7.07 | 18.77 |
| 23Q4 (17) | 0.38 | -9.52 | 111.11 | 28.98 | 31.31 | 16.25 | 16.43 | 77.05 | 47.35 | 8.02 | -19.56 | 28.12 | 6.46 | -14.89 | 169.17 | 1.48 | -10.84 | 134.92 | 1.08 | -5.26 | 89.47 | 0.11 | 10.0 | -15.38 | 21.86 | -8.88 | 39.59 | 105.40 | -4.53 | 12.09 | 205.08 | 120.98 | 15.66 | -105.08 | -1722.98 | -34.46 | 14.71 | 33.48 | 35.33 |
| 23Q3 (16) | 0.42 | 213.51 | -75.58 | 22.07 | 196.24 | -43.58 | 9.28 | 407.28 | -61.53 | 9.97 | 290.63 | -59.55 | 7.59 | 215.53 | -59.95 | 1.66 | 212.16 | -73.31 | 1.14 | 400.0 | -64.81 | 0.10 | -9.09 | -37.5 | 23.99 | 198.75 | -25.17 | 110.40 | 0.96 | 7.5 | 92.81 | 59.71 | -5.15 | 6.47 | -84.54 | 200.0 | 11.02 | -17.51 | 2.89 |
| 23Q2 (15) | -0.37 | 32.73 | -125.87 | 7.45 | 491.27 | -79.12 | -3.02 | 59.13 | -112.87 | -5.23 | 50.66 | -122.73 | -6.57 | 22.89 | -136.2 | -1.48 | 27.8 | -126.06 | -0.38 | 46.48 | -113.52 | 0.11 | -8.33 | -26.67 | 8.03 | 970.67 | -73.72 | 109.35 | -0.55 | 2.73 | 58.11 | -16.99 | -43.03 | 41.89 | 39.64 | 2203.9 | 13.36 | 16.07 | 5.78 |
| 23Q1 (14) | -0.55 | -405.56 | -136.42 | 1.26 | -94.95 | -96.96 | -7.39 | -166.28 | -126.52 | -10.60 | -269.33 | -142.62 | -8.52 | -455.0 | -143.4 | -2.05 | -425.4 | -132.96 | -0.71 | -224.56 | -123.13 | 0.12 | -7.69 | -20.0 | 0.75 | -95.21 | -97.66 | 109.95 | 16.93 | -5.19 | 70.00 | -60.52 | -37.62 | 30.00 | 138.39 | 350.0 | 11.51 | 5.89 | 1.59 |
| 22Q4 (13) | 0.18 | -89.53 | -86.86 | 24.93 | -36.27 | -39.83 | 11.15 | -53.77 | -58.29 | 6.26 | -74.6 | -75.94 | 2.40 | -87.34 | -88.9 | 0.63 | -89.87 | -89.16 | 0.57 | -82.41 | -80.55 | 0.13 | -18.75 | 0.0 | 15.66 | -51.15 | -54.6 | 94.03 | -8.44 | -6.89 | 177.31 | 81.22 | 72.69 | -78.15 | -3721.01 | -2820.02 | 10.87 | 1.49 | -2.69 |
| 22Q3 (12) | 1.72 | 20.28 | 191.53 | 39.12 | 9.64 | 23.72 | 24.12 | 2.81 | 61.77 | 24.65 | 7.13 | 62.06 | 18.95 | 4.41 | 58.05 | 6.22 | 9.51 | 141.09 | 3.24 | 15.3 | 143.61 | 0.16 | 6.67 | 60.0 | 32.06 | 4.94 | 23.88 | 102.70 | -3.51 | -4.33 | 97.84 | -4.07 | -0.01 | 2.16 | 208.39 | 0.36 | 10.71 | -15.2 | -19.72 |
| 22Q2 (11) | 1.43 | -5.3 | 150.88 | 35.68 | -14.0 | 28.11 | 23.46 | -15.82 | 79.77 | 23.01 | -7.48 | 65.18 | 18.15 | -7.54 | 59.77 | 5.68 | -8.68 | 144.83 | 2.81 | -8.47 | 134.17 | 0.15 | 0.0 | 50.0 | 30.55 | -4.62 | 21.37 | 106.44 | -8.22 | -1.44 | 101.99 | -9.11 | 8.79 | -1.99 | 83.41 | -131.86 | 12.63 | 11.47 | -15.63 |
| 22Q1 (10) | 1.51 | 10.22 | 556.52 | 41.49 | 0.14 | 70.6 | 27.87 | 4.26 | 294.76 | 24.87 | -4.42 | 236.99 | 19.63 | -9.25 | 217.64 | 6.22 | 7.06 | 576.09 | 3.07 | 4.78 | 479.25 | 0.15 | 15.38 | 114.29 | 32.03 | -7.13 | 41.1 | 115.97 | 14.83 | 4.57 | 112.21 | 9.29 | 15.95 | -12.00 | -348.36 | -348.0 | 11.33 | 1.43 | -36.42 |
| 21Q4 (9) | 1.37 | 132.2 | 328.12 | 41.43 | 31.02 | 83.73 | 26.73 | 79.28 | 244.46 | 26.02 | 71.07 | 282.65 | 21.63 | 80.4 | 185.36 | 5.81 | 125.19 | 357.48 | 2.93 | 120.3 | 312.68 | 0.13 | 30.0 | 62.5 | 34.49 | 33.27 | 69.32 | 100.99 | -5.92 | -3.76 | 102.68 | 4.93 | -9.64 | -2.68 | -224.45 | 80.37 | 11.17 | -16.27 | -21.67 |
| 21Q3 (8) | 0.59 | 3.51 | 145.83 | 31.62 | 13.54 | 42.18 | 14.91 | 14.25 | 112.39 | 15.21 | 9.19 | 129.41 | 11.99 | 5.55 | 119.6 | 2.58 | 11.21 | 174.47 | 1.33 | 10.83 | 133.33 | 0.10 | 0.0 | 25.0 | 25.88 | 2.82 | 25.88 | 107.35 | -0.6 | -1.51 | 97.85 | 4.37 | -7.74 | 2.15 | -65.59 | 135.48 | 13.34 | -10.89 | -7.55 |
| 21Q2 (7) | 0.57 | 147.83 | 612.5 | 27.85 | 14.51 | 44.38 | 13.05 | 84.84 | 150.48 | 13.93 | 88.75 | 541.94 | 11.36 | 83.82 | 531.11 | 2.32 | 152.17 | 625.0 | 1.20 | 126.42 | 242.86 | 0.10 | 42.86 | 25.0 | 25.17 | 10.88 | 46.51 | 108.00 | -2.61 | -7.48 | 93.75 | -3.13 | -61.08 | 6.25 | 29.17 | 104.44 | 14.97 | -15.99 | 0 |
| 21Q1 (6) | 0.23 | -28.12 | 76.92 | 24.32 | 7.85 | 27.53 | 7.06 | -9.02 | 32.21 | 7.38 | 8.53 | 127.08 | 6.18 | -18.47 | 132.33 | 0.92 | -27.56 | 91.67 | 0.53 | -25.35 | 15.22 | 0.07 | -12.5 | -12.5 | 22.70 | 11.44 | 25.76 | 110.90 | 5.68 | -9.58 | 96.77 | -14.84 | -41.24 | 4.84 | 135.48 | 107.48 | 17.82 | 24.96 | 0 |
| 20Q4 (5) | 0.32 | 33.33 | -8.57 | 22.55 | 1.39 | 6.27 | 7.76 | 10.54 | -1.27 | 6.80 | 2.56 | 25.93 | 7.58 | 38.83 | 13.47 | 1.27 | 35.11 | 3.25 | 0.71 | 24.56 | -15.48 | 0.08 | 0.0 | -11.11 | 20.37 | -0.92 | 1.49 | 104.94 | -3.72 | -6.3 | 113.64 | 7.14 | -22.04 | -13.64 | -125.0 | 70.2 | 14.26 | -1.18 | 21.67 |
| 20Q3 (4) | 0.24 | 200.0 | 0.0 | 22.24 | 15.29 | 0.0 | 7.02 | 34.74 | 0.0 | 6.63 | 205.53 | 0.0 | 5.46 | 203.33 | 0.0 | 0.94 | 193.75 | 0.0 | 0.57 | 62.86 | 0.0 | 0.08 | 0.0 | 0.0 | 20.56 | 19.67 | 0.0 | 109.00 | -6.62 | 0.0 | 106.06 | -55.97 | 0.0 | -6.06 | 95.7 | 0.0 | 14.43 | 0 | 0.0 |
| 20Q2 (3) | 0.08 | -38.46 | 0.0 | 19.29 | 1.15 | 0.0 | 5.21 | -2.43 | 0.0 | 2.17 | -33.23 | 0.0 | 1.80 | -32.33 | 0.0 | 0.32 | -33.33 | 0.0 | 0.35 | -23.91 | 0.0 | 0.08 | 0.0 | 0.0 | 17.18 | -4.82 | 0.0 | 116.73 | -4.83 | 0.0 | 240.91 | 46.27 | 0.0 | -140.91 | -117.77 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.13 | -62.86 | 0.0 | 19.07 | -10.13 | 0.0 | 5.34 | -32.06 | 0.0 | 3.25 | -39.81 | 0.0 | 2.66 | -60.18 | 0.0 | 0.48 | -60.98 | 0.0 | 0.46 | -45.24 | 0.0 | 0.08 | -11.11 | 0.0 | 18.05 | -10.06 | 0.0 | 122.65 | 9.52 | 0.0 | 164.71 | 13.0 | 0.0 | -64.71 | -41.39 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 21.22 | 0.0 | 0.0 | 7.86 | 0.0 | 0.0 | 5.40 | 0.0 | 0.0 | 6.68 | 0.0 | 0.0 | 1.23 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 20.07 | 0.0 | 0.0 | 111.99 | 0.0 | 0.0 | 145.76 | 0.0 | 0.0 | -45.76 | 0.0 | 0.0 | 11.72 | 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) | -0.11 | 0 | 14.62 | -58.81 | 3.57 | -83.62 | 9.24 | 43.37 | 0.23 | -98.85 | -0.48 | 0 | -0.42 | 0 | 1.12 | -88.78 | 0.44 | -29.03 | 13.28 | -52.25 | 105.40 | 12.09 | 1615.38 | 1379.61 | -1515.38 | 0 | 0.00 | 0 | 12.64 | 11.17 |
| 2022 (9) | 4.84 | 79.93 | 35.49 | 8.67 | 21.79 | 28.4 | 6.44 | -34.41 | 19.96 | 16.86 | 15.01 | 7.29 | 18.30 | 61.38 | 9.98 | 68.01 | 0.62 | 55.0 | 27.81 | -0.64 | 94.03 | -6.89 | 109.18 | 9.85 | -9.18 | 0 | 0.00 | 0 | 11.37 | -17.61 |
| 2021 (8) | 2.69 | 253.95 | 32.66 | 57.4 | 16.97 | 169.37 | 9.82 | -16.56 | 17.08 | 265.74 | 13.99 | 223.84 | 11.34 | 281.82 | 5.94 | 181.52 | 0.40 | 21.21 | 27.99 | 47.08 | 100.99 | -3.76 | 99.39 | -26.44 | 0.61 | 0 | 0.00 | 0 | 13.80 | -1.57 |
| 2020 (7) | 0.76 | -41.54 | 20.75 | -11.55 | 6.30 | -39.13 | 11.77 | 10.18 | 4.67 | -37.06 | 4.32 | -31.65 | 2.97 | -36.54 | 2.11 | -39.71 | 0.33 | -5.71 | 19.03 | -16.09 | 104.94 | -6.3 | 135.11 | -3.11 | -35.11 | 0 | 0.00 | 0 | 14.02 | 6.94 |
| 2019 (6) | 1.30 | -25.29 | 23.46 | -8.36 | 10.35 | -18.76 | 10.68 | 16.55 | 7.42 | -28.59 | 6.32 | -26.94 | 4.68 | -24.64 | 3.50 | -15.25 | 0.35 | -2.78 | 22.68 | -2.33 | 111.99 | 1.41 | 139.44 | 13.87 | -39.44 | 0 | 0.00 | 0 | 13.11 | 6.07 |
| 2018 (5) | 1.74 | -28.69 | 25.60 | -10.55 | 12.74 | -11.28 | 9.17 | 12.47 | 10.39 | -30.96 | 8.65 | -31.84 | 6.21 | -31.38 | 4.13 | -27.29 | 0.36 | -5.26 | 23.22 | -9.72 | 110.43 | 19.28 | 122.46 | 28.39 | -22.70 | 0 | 0.00 | 0 | 12.36 | 4.57 |
| 2017 (4) | 2.44 | -18.12 | 28.62 | -5.04 | 14.36 | -9.91 | 8.15 | 18.1 | 15.05 | -14.29 | 12.69 | -16.68 | 9.05 | -24.96 | 5.68 | -21.98 | 0.38 | -13.64 | 25.72 | -0.73 | 92.58 | 18.12 | 95.38 | 5.12 | 4.62 | -50.11 | 0.00 | 0 | 11.82 | -1.83 |
| 2016 (3) | 2.98 | 20.16 | 30.14 | -6.16 | 15.94 | -21.48 | 6.90 | -3.34 | 17.56 | 32.13 | 15.23 | 44.91 | 12.06 | 22.31 | 7.28 | 24.44 | 0.44 | -15.38 | 25.91 | 21.59 | 78.38 | -0.48 | 90.73 | -40.68 | 9.27 | 0 | 0.00 | 0 | 12.04 | 31.73 |
| 2015 (2) | 2.48 | -33.51 | 32.12 | 3.35 | 20.30 | 7.01 | 7.14 | -7.43 | 13.29 | -33.32 | 10.51 | -32.63 | 9.86 | -33.15 | 5.85 | -31.26 | 0.52 | 1.96 | 21.31 | -25.93 | 78.76 | -4.22 | 152.95 | 60.85 | -52.79 | 0 | 0.00 | 0 | 9.14 | -1.93 |
| 2014 (1) | 3.73 | 42.37 | 31.08 | 0 | 18.97 | 0 | 7.71 | 7.37 | 19.93 | 0 | 15.60 | 0 | 14.75 | 0 | 8.51 | 0 | 0.51 | -8.93 | 28.77 | 32.58 | 82.23 | -3.54 | 95.09 | 13.21 | 4.79 | -69.73 | 0.00 | 0 | 9.32 | 12.56 |
