- 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) | 0.73 | 5.8 | 8.96 | 5.50 | -1.26 | -0.36 | 3.59 | -3.75 | 3.46 | 3.59 | -0.28 | -6.02 | 2.97 | 2.06 | -6.6 | 2.76 | 6.98 | 6.56 | 1.07 | 3.88 | -2.73 | 0.32 | 3.23 | 3.23 | 4.89 | -2.59 | -8.08 | 185.66 | -2.22 | 14.87 | 99.43 | -3.96 | 9.72 | 0.00 | 100.0 | -100.0 | 7.80 | 13.87 | 0.39 |
| 24Q2 (19) | 0.69 | 16.95 | 13.11 | 5.57 | 10.52 | 9.0 | 3.73 | 15.12 | 18.79 | 3.60 | 16.13 | 18.81 | 2.91 | 14.57 | 23.83 | 2.58 | 18.35 | 11.69 | 1.03 | 14.44 | 1.98 | 0.31 | 0.0 | -18.42 | 5.02 | 12.05 | 18.4 | 189.87 | 4.46 | 13.61 | 103.53 | -0.61 | -0.31 | -3.53 | 15.29 | 8.24 | 6.85 | -1.58 | 16.7 |
| 24Q1 (18) | 0.59 | -35.87 | 22.92 | 5.04 | -19.1 | 25.06 | 3.24 | -15.84 | 32.79 | 3.10 | -28.07 | 27.05 | 2.54 | -36.66 | 28.28 | 2.18 | -37.54 | 19.78 | 0.90 | -37.06 | 8.43 | 0.31 | -6.06 | -16.22 | 4.48 | -20.71 | 21.41 | 181.77 | 8.69 | 25.84 | 104.17 | 16.53 | 4.17 | -4.17 | -139.29 | 0 | 6.96 | -20.0 | 9.26 |
| 23Q4 (17) | 0.92 | 37.31 | 53.33 | 6.23 | 12.86 | -23.09 | 3.85 | 10.95 | -38.0 | 4.31 | 12.83 | 26.76 | 4.01 | 26.1 | 77.43 | 3.49 | 34.75 | 49.15 | 1.43 | 30.0 | 50.53 | 0.33 | 6.45 | -10.81 | 5.65 | 6.2 | 24.45 | 167.23 | 3.46 | 8.34 | 89.39 | -1.36 | -51.12 | 10.61 | 13.13 | 112.8 | 8.70 | 11.97 | 29.08 |
| 23Q3 (16) | 0.67 | 9.84 | -6.94 | 5.52 | 8.02 | 62.83 | 3.47 | 10.51 | 81.68 | 3.82 | 26.07 | 15.06 | 3.18 | 35.32 | 13.98 | 2.59 | 12.12 | -11.0 | 1.10 | 8.91 | 3.77 | 0.31 | -18.42 | -8.82 | 5.32 | 25.47 | 16.41 | 161.63 | -3.29 | -20.05 | 90.62 | -12.73 | 56.53 | 9.38 | 343.75 | -78.04 | 7.77 | 32.37 | 40.0 |
| 23Q2 (15) | 0.61 | 27.08 | 15.09 | 5.11 | 26.8 | 27.75 | 3.14 | 28.69 | 44.7 | 3.03 | 24.18 | 4.12 | 2.35 | 18.69 | -2.49 | 2.31 | 26.92 | 12.14 | 1.01 | 21.69 | 29.49 | 0.38 | 2.7 | 26.67 | 4.24 | 14.91 | 0.0 | 167.13 | 15.71 | -18.8 | 103.85 | 3.85 | 38.83 | -3.85 | 0 | -115.26 | 5.87 | -7.85 | -9.69 |
| 23Q1 (14) | 0.48 | -20.0 | -12.73 | 4.03 | -50.25 | 0.75 | 2.44 | -60.71 | 5.63 | 2.44 | -28.24 | -16.72 | 1.98 | -12.39 | -18.18 | 1.82 | -22.22 | -12.08 | 0.83 | -12.63 | 2.47 | 0.37 | 0.0 | 15.62 | 3.69 | -18.72 | -10.22 | 144.44 | -6.43 | -14.56 | 100.00 | -45.32 | 26.92 | 0.00 | 100.0 | -100.0 | 6.37 | -5.49 | -0.62 |
| 22Q4 (13) | 0.60 | -16.67 | -42.31 | 8.10 | 138.94 | 14.57 | 6.21 | 225.13 | 21.76 | 3.40 | 2.41 | -36.8 | 2.26 | -19.0 | -48.05 | 2.34 | -19.59 | -42.22 | 0.95 | -10.38 | -34.93 | 0.37 | 8.82 | 12.12 | 4.54 | -0.66 | -30.37 | 154.36 | -23.64 | -8.26 | 182.87 | 215.87 | 92.74 | -82.87 | -294.13 | -1719.21 | 6.74 | 21.44 | -11.32 |
| 22Q3 (12) | 0.72 | 35.85 | 16.13 | 3.39 | -15.25 | -34.68 | 1.91 | -11.98 | -36.96 | 3.32 | 14.09 | -3.49 | 2.79 | 15.77 | -6.06 | 2.91 | 41.26 | 15.48 | 1.06 | 35.9 | 21.84 | 0.34 | 13.33 | 21.43 | 4.57 | 7.78 | -2.35 | 202.16 | -1.78 | 0.2 | 57.89 | -22.6 | -34.42 | 42.69 | 69.43 | 264.12 | 5.55 | -14.62 | -28.39 |
| 22Q2 (11) | 0.53 | -3.64 | 20.45 | 4.00 | 0.0 | 17.65 | 2.17 | -6.06 | 65.65 | 2.91 | -0.68 | 12.36 | 2.41 | -0.41 | -3.98 | 2.06 | -0.48 | 18.39 | 0.78 | -3.7 | 25.81 | 0.30 | -6.25 | 30.43 | 4.24 | 3.16 | 3.16 | 205.82 | 21.74 | 3.24 | 74.80 | -5.06 | 47.98 | 25.20 | 18.79 | -49.05 | 6.50 | 1.4 | -9.34 |
| 22Q1 (10) | 0.55 | -47.12 | 41.03 | 4.00 | -43.42 | -45.21 | 2.31 | -54.71 | 41.72 | 2.93 | -45.54 | 16.73 | 2.42 | -44.37 | 13.08 | 2.07 | -48.89 | 37.09 | 0.81 | -44.52 | 47.27 | 0.32 | -3.03 | 33.33 | 4.11 | -36.96 | 0.98 | 169.06 | 0.48 | -12.15 | 78.79 | -16.96 | 20.9 | 21.21 | 314.45 | -39.1 | 6.41 | -15.66 | -15.66 |
| 21Q4 (9) | 1.04 | 67.74 | -2.8 | 7.07 | 36.22 | 6.16 | 5.10 | 68.32 | 31.44 | 5.38 | 56.4 | -18.98 | 4.35 | 46.46 | -19.59 | 4.05 | 60.71 | -8.58 | 1.46 | 67.82 | 0.69 | 0.33 | 17.86 | 26.92 | 6.52 | 39.32 | -19.8 | 168.26 | -16.6 | -18.43 | 94.88 | 7.48 | 62.84 | 5.12 | -56.35 | -87.74 | 7.60 | -1.94 | -28.5 |
| 21Q3 (8) | 0.62 | 40.91 | 12.73 | 5.19 | 52.65 | 13.57 | 3.03 | 131.3 | 114.89 | 3.44 | 32.82 | -10.18 | 2.97 | 18.33 | -16.34 | 2.52 | 44.83 | 6.33 | 0.87 | 40.32 | 14.47 | 0.28 | 21.74 | 40.0 | 4.68 | 13.87 | -18.04 | 201.75 | 1.2 | -10.54 | 88.28 | 74.63 | 141.71 | 11.72 | -76.29 | -81.27 | 7.75 | 8.09 | -22.58 |
| 21Q2 (7) | 0.44 | 12.82 | -69.44 | 3.40 | -53.42 | -20.19 | 1.31 | -19.63 | -2.24 | 2.59 | 3.19 | -75.19 | 2.51 | 17.29 | -70.4 | 1.74 | 15.23 | -72.77 | 0.62 | 12.73 | -68.04 | 0.23 | -4.17 | 4.55 | 4.11 | 0.98 | -66.48 | 199.36 | 3.6 | -15.97 | 50.55 | -22.43 | 292.91 | 49.45 | 41.97 | -43.25 | 7.17 | -5.66 | -23.89 |
| 21Q1 (6) | 0.39 | -63.55 | 85.71 | 7.30 | 9.61 | 102.22 | 1.63 | -57.99 | 18.12 | 2.51 | -62.2 | 62.99 | 2.14 | -60.44 | 68.5 | 1.51 | -65.91 | 62.37 | 0.55 | -62.07 | 57.14 | 0.24 | -7.69 | 9.09 | 4.07 | -49.94 | 11.51 | 192.44 | -6.71 | -21.34 | 65.17 | 11.84 | -25.74 | 34.83 | -16.54 | 241.35 | 7.60 | -28.5 | 9.51 |
| 20Q4 (5) | 1.07 | 94.55 | 154.76 | 6.66 | 45.73 | 140.43 | 3.88 | 175.18 | 234.48 | 6.64 | 73.37 | 621.74 | 5.41 | 52.39 | 180.31 | 4.43 | 86.92 | 133.16 | 1.45 | 90.79 | 133.87 | 0.26 | 30.0 | -7.14 | 8.13 | 42.38 | 225.2 | 206.28 | -8.53 | -12.67 | 58.27 | 59.54 | -53.87 | 41.73 | -33.34 | 258.58 | 10.63 | 6.19 | 86.16 |
| 20Q3 (4) | 0.55 | -61.81 | 0.0 | 4.57 | 7.28 | 0.0 | 1.41 | 5.22 | 0.0 | 3.83 | -63.31 | 0.0 | 3.55 | -58.14 | 0.0 | 2.37 | -62.91 | 0.0 | 0.76 | -60.82 | 0.0 | 0.20 | -9.09 | 0.0 | 5.71 | -53.43 | 0.0 | 225.51 | -4.95 | 0.0 | 36.52 | 183.87 | 0.0 | 62.61 | -28.15 | 0.0 | 10.01 | 6.26 | 0.0 |
| 20Q2 (3) | 1.44 | 585.71 | 0.0 | 4.26 | 18.01 | 0.0 | 1.34 | -2.9 | 0.0 | 10.44 | 577.92 | 0.0 | 8.48 | 567.72 | 0.0 | 6.39 | 587.1 | 0.0 | 1.94 | 454.29 | 0.0 | 0.22 | 0.0 | 0.0 | 12.26 | 235.89 | 0.0 | 237.26 | -3.02 | 0.0 | 12.87 | -85.34 | 0.0 | 87.13 | 753.92 | 0.0 | 9.42 | 35.73 | 0.0 |
| 20Q1 (2) | 0.21 | -50.0 | 0.0 | 3.61 | 30.32 | 0.0 | 1.38 | 18.97 | 0.0 | 1.54 | 67.39 | 0.0 | 1.27 | -34.2 | 0.0 | 0.93 | -51.05 | 0.0 | 0.35 | -43.55 | 0.0 | 0.22 | -21.43 | 0.0 | 3.65 | 46.0 | 0.0 | 244.64 | 3.57 | 0.0 | 87.76 | -30.53 | 0.0 | 10.20 | 138.78 | 0.0 | 6.94 | 21.54 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 2.77 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 0.62 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 2.50 | 0.0 | 0.0 | 236.21 | 0.0 | 0.0 | 126.32 | 0.0 | 0.0 | -26.32 | 0.0 | 0.0 | 5.71 | 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) | 2.68 | 12.13 | 5.20 | 4.63 | 3.21 | -1.23 | 0.89 | -3.02 | 3.36 | 6.33 | 2.84 | 14.98 | 10.06 | 9.59 | 4.28 | 11.17 | 1.36 | -4.23 | 4.68 | 6.85 | 167.23 | 8.34 | 95.27 | -7.31 | 4.73 | 0 | 0.07 | -7.36 | 7.11 | 13.04 |
| 2022 (9) | 2.39 | -4.02 | 4.97 | -14.6 | 3.25 | 9.8 | 0.91 | -21.51 | 3.16 | -12.71 | 2.47 | -20.06 | 9.18 | -7.18 | 3.85 | 6.94 | 1.42 | 26.79 | 4.38 | -11.87 | 154.36 | -8.26 | 102.78 | 25.86 | -2.78 | 0 | 0.07 | 160.16 | 6.29 | -16.58 |
| 2021 (8) | 2.49 | -23.62 | 5.82 | 19.75 | 2.96 | 40.95 | 1.16 | -19.26 | 3.62 | -36.82 | 3.09 | -35.08 | 9.89 | -28.7 | 3.60 | -21.05 | 1.12 | 23.08 | 4.97 | -34.0 | 168.26 | -18.43 | 81.66 | 122.95 | 18.34 | -71.06 | 0.03 | -15.29 | 7.54 | -19.01 |
| 2020 (7) | 3.26 | 297.56 | 4.86 | 102.5 | 2.10 | 268.42 | 1.44 | 13.66 | 5.73 | 598.78 | 4.76 | 406.38 | 13.87 | 274.86 | 4.56 | 245.45 | 0.91 | -14.95 | 7.53 | 201.2 | 206.28 | -12.67 | 36.63 | -47.18 | 63.37 | 106.72 | 0.03 | -30.04 | 9.31 | 62.76 |
| 2019 (6) | 0.82 | 34.43 | 2.40 | 37.14 | 0.57 | 338.46 | 1.27 | 29.19 | 0.82 | 67.35 | 0.94 | 62.07 | 3.70 | 32.14 | 1.32 | 23.36 | 1.07 | -17.69 | 2.50 | 33.69 | 236.21 | -21.49 | 69.34 | 164.04 | 30.66 | -58.99 | 0.05 | -8.65 | 5.72 | 19.67 |
| 2018 (5) | 0.61 | 117.86 | 1.75 | -15.87 | 0.13 | 1200.0 | 0.98 | -24.95 | 0.49 | 6.52 | 0.58 | 75.76 | 2.80 | 117.05 | 1.07 | 50.7 | 1.30 | 16.07 | 1.87 | -16.89 | 300.87 | 22.35 | 26.26 | 1895.96 | 74.75 | -24.26 | 0.05 | 0 | 4.78 | -16.29 |
| 2017 (4) | 0.28 | -24.32 | 2.08 | -7.14 | 0.01 | 0 | 1.31 | 8.69 | 0.46 | -36.99 | 0.33 | -21.43 | 1.29 | -22.75 | 0.71 | -19.32 | 1.12 | -1.75 | 2.25 | -8.91 | 245.91 | -1.89 | 1.32 | 0 | 98.68 | -6.51 | 0.00 | 0 | 5.71 | 4.01 |
| 2016 (3) | 0.37 | -58.89 | 2.24 | -40.43 | -0.04 | 0 | 1.20 | -6.18 | 0.73 | -50.0 | 0.42 | -62.16 | 1.67 | -57.18 | 0.88 | -45.34 | 1.14 | 3.64 | 2.47 | -25.38 | 250.65 | 3.52 | -5.56 | 0 | 105.56 | 401.39 | 0.00 | 0 | 5.49 | -11.02 |
| 2015 (2) | 0.90 | -32.33 | 3.76 | 26.6 | 1.15 | 43.75 | 1.28 | 10.92 | 1.46 | -15.12 | 1.11 | -25.5 | 3.90 | -31.58 | 1.61 | -26.82 | 1.10 | -11.29 | 3.31 | -0.9 | 242.12 | 19.64 | 78.95 | 70.48 | 21.05 | -60.79 | 0.00 | 0 | 6.17 | 12.18 |
| 2014 (1) | 1.33 | -40.89 | 2.97 | 0 | 0.80 | 0 | 1.16 | 27.21 | 1.72 | 0 | 1.49 | 0 | 5.70 | 0 | 2.20 | 0 | 1.24 | -13.89 | 3.34 | -16.5 | 202.37 | -6.15 | 46.31 | -43.87 | 53.69 | 206.97 | 0.00 | 0 | 5.50 | -1.61 |
