- 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) | 1.30 | -33.67 | -39.25 | 34.03 | -1.68 | 2.87 | 9.97 | -26.75 | -24.12 | 10.52 | -34.0 | -36.55 | 8.37 | -27.78 | -36.16 | 2.64 | -36.39 | -45.57 | 1.66 | -29.66 | -40.93 | 0.18 | 0.0 | -10.0 | 15.15 | -27.72 | -29.17 | 77.11 | -4.92 | -17.78 | 94.44 | 10.02 | 18.85 | 5.56 | -63.07 | -72.95 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.96 | -32.41 | -4.39 | 34.61 | 0.82 | 6.99 | 13.61 | -17.11 | 10.02 | 15.94 | -22.66 | 7.27 | 11.59 | -29.11 | 4.51 | 4.15 | -35.36 | 0.97 | 2.36 | -32.76 | -5.98 | 0.18 | -10.0 | -14.29 | 20.96 | -15.35 | 9.68 | 81.10 | -25.85 | -2.62 | 85.84 | 7.83 | 2.81 | 15.04 | -26.23 | -8.85 | 15.41 | 5.26 | -11.44 |
| 24Q1 (18) | 2.90 | 54.26 | 41.46 | 34.33 | -5.95 | 5.89 | 16.42 | -4.31 | 11.1 | 20.61 | 47.95 | 41.46 | 16.35 | 42.55 | 40.71 | 6.42 | 55.45 | 38.96 | 3.51 | 44.44 | 24.91 | 0.20 | 5.26 | -13.04 | 24.76 | 32.34 | 34.64 | 109.38 | 36.72 | 49.63 | 79.61 | -35.62 | -21.86 | 20.39 | 186.21 | 1191.12 | 14.64 | -3.87 | 0.21 |
| 23Q4 (17) | 1.88 | -12.15 | -8.29 | 36.50 | 10.34 | 6.32 | 17.16 | 30.59 | 16.81 | 13.93 | -15.98 | 6.25 | 11.47 | -12.51 | 12.67 | 4.13 | -14.85 | -2.59 | 2.43 | -13.52 | -2.41 | 0.19 | -5.0 | -17.39 | 18.71 | -12.53 | 10.25 | 80.00 | -14.69 | 0.86 | 123.66 | 55.61 | 9.79 | -23.66 | -215.19 | -104.3 | 15.23 | -9.45 | 3.82 |
| 23Q3 (16) | 2.14 | 4.39 | -11.93 | 33.08 | 2.26 | 15.62 | 13.14 | 6.22 | 39.79 | 16.58 | 11.57 | 15.14 | 13.11 | 18.21 | 14.1 | 4.85 | 18.0 | -12.61 | 2.81 | 11.95 | -4.42 | 0.20 | -4.76 | -16.67 | 21.39 | 11.93 | 19.1 | 93.78 | 12.61 | 11.03 | 79.46 | -4.83 | 21.47 | 20.54 | 24.42 | -40.61 | 16.82 | -3.33 | 22.24 |
| 23Q2 (15) | 2.05 | 0.0 | -4.21 | 32.35 | -0.22 | 7.76 | 12.37 | -16.31 | 1.06 | 14.86 | 1.99 | 7.76 | 11.09 | -4.56 | 2.4 | 4.11 | -11.04 | -25.95 | 2.51 | -10.68 | -6.69 | 0.21 | -8.7 | -8.7 | 19.11 | 3.92 | 8.15 | 83.28 | 13.93 | -29.21 | 83.50 | -18.04 | -5.95 | 16.50 | 983.01 | 47.04 | 17.40 | 19.1 | 28.22 |
| 23Q1 (14) | 2.05 | 0.0 | 29.75 | 32.42 | -5.56 | 13.59 | 14.78 | 0.61 | 91.7 | 14.57 | 11.14 | 35.41 | 11.62 | 14.15 | 30.56 | 4.62 | 8.96 | 5.96 | 2.81 | 12.85 | 32.55 | 0.23 | 0.0 | 4.55 | 18.39 | 8.37 | 23.92 | 73.10 | -7.84 | -38.77 | 101.87 | -9.56 | 43.82 | -1.87 | 83.86 | -106.73 | 14.61 | -0.41 | 1.53 |
| 22Q4 (13) | 2.05 | -15.64 | 120.43 | 34.33 | 19.99 | 20.75 | 14.69 | 56.28 | 73.85 | 13.11 | -8.96 | 105.16 | 10.18 | -11.4 | 87.13 | 4.24 | -23.6 | 77.41 | 2.49 | -15.31 | 109.24 | 0.23 | -4.17 | 21.05 | 16.97 | -5.51 | 49.78 | 79.32 | -6.09 | -35.65 | 112.63 | 72.17 | -15.53 | -11.58 | -133.49 | 65.26 | 14.67 | 6.61 | -13.91 |
| 22Q3 (12) | 2.43 | 13.55 | 47.27 | 28.61 | -4.7 | -3.38 | 9.40 | -23.2 | -30.42 | 14.40 | 4.42 | 9.34 | 11.49 | 6.09 | 9.85 | 5.55 | 0.0 | 19.1 | 2.94 | 9.29 | 36.11 | 0.24 | 4.35 | 20.0 | 17.96 | 1.64 | -2.5 | 84.46 | -28.21 | -35.88 | 65.42 | -26.31 | -35.48 | 34.58 | 208.07 | 1344.86 | 13.76 | 1.4 | -17.41 |
| 22Q2 (11) | 2.14 | 35.44 | 174.36 | 30.02 | 5.19 | 16.4 | 12.24 | 58.75 | 122.95 | 13.79 | 28.16 | 154.43 | 10.83 | 21.69 | 150.12 | 5.55 | 27.29 | 161.79 | 2.69 | 26.89 | 138.05 | 0.23 | 4.55 | 0.0 | 17.67 | 19.07 | 69.09 | 117.65 | -1.45 | -5.34 | 88.78 | 25.33 | -11.22 | 11.22 | -59.59 | 0 | 13.57 | -5.7 | -17.46 |
| 22Q1 (10) | 1.58 | 69.89 | 139.39 | 28.54 | 0.39 | 5.27 | 7.71 | -8.76 | 15.59 | 10.76 | 68.39 | 100.75 | 8.90 | 63.6 | 96.47 | 4.36 | 82.43 | 92.07 | 2.12 | 78.15 | 69.6 | 0.22 | 15.79 | -8.33 | 14.84 | 30.98 | 41.87 | 119.38 | -3.16 | 11.06 | 70.83 | -46.87 | -43.33 | 27.78 | 183.33 | 211.11 | 14.39 | -15.55 | -11.61 |
| 21Q4 (9) | 0.93 | -43.64 | -29.01 | 28.43 | -3.99 | 23.39 | 8.45 | -37.45 | 1697.87 | 6.39 | -51.48 | -64.28 | 5.44 | -47.99 | -65.61 | 2.39 | -48.71 | -66.76 | 1.19 | -44.91 | -65.31 | 0.19 | -5.0 | -5.0 | 11.33 | -38.49 | -52.95 | 123.27 | -6.42 | 12.92 | 133.33 | 31.51 | 6033.33 | -33.33 | -1100.0 | -134.07 | 17.04 | 2.28 | -0.93 |
| 21Q3 (8) | 1.65 | 111.54 | 114.29 | 29.61 | 14.81 | 7.67 | 13.51 | 146.08 | 34.16 | 13.17 | 142.99 | 146.63 | 10.46 | 141.57 | 151.44 | 4.66 | 119.81 | 119.81 | 2.16 | 91.15 | 109.71 | 0.20 | -13.04 | 0.0 | 18.42 | 76.27 | 63.15 | 131.73 | 5.99 | -3.32 | 101.39 | 1.39 | -46.54 | -2.78 | 0 | 96.9 | 16.66 | 1.34 | 19.34 |
| 21Q2 (7) | 0.78 | 18.18 | 336.36 | 25.79 | -4.87 | 27.61 | 5.49 | -17.69 | 390.48 | 5.42 | 1.12 | 183.38 | 4.33 | -4.42 | 172.29 | 2.12 | -6.61 | 206.0 | 1.13 | -9.6 | 288.33 | 0.23 | -4.17 | 76.92 | 10.45 | -0.1 | 461.83 | 124.29 | 15.63 | -28.01 | 100.00 | -20.0 | 242.86 | 0.00 | 100.0 | -100.0 | 16.44 | 0.98 | 0 |
| 21Q1 (6) | 0.66 | -49.62 | -14.29 | 27.11 | 17.66 | 3.55 | 6.67 | 1319.15 | 8.63 | 5.36 | -70.04 | 8.94 | 4.53 | -71.37 | 24.79 | 2.27 | -68.43 | 34.32 | 1.25 | -63.56 | 45.35 | 0.24 | 20.0 | 26.32 | 10.46 | -56.56 | -0.85 | 107.49 | -1.54 | -26.78 | 125.00 | 5650.0 | -0.74 | -25.00 | -125.56 | 3.57 | 16.28 | -5.35 | 0 |
| 20Q4 (5) | 1.31 | 70.13 | 263.89 | 23.04 | -16.22 | -14.82 | 0.47 | -95.33 | -76.5 | 17.89 | 235.02 | 1036.65 | 15.82 | 280.29 | 1004.0 | 7.19 | 239.15 | 998.75 | 3.43 | 233.01 | 2550.0 | 0.20 | 0.0 | 5.26 | 24.08 | 113.29 | 520.62 | 109.17 | -19.88 | -26.62 | 2.17 | -98.85 | 101.98 | 97.83 | 209.11 | -53.42 | 17.20 | 23.21 | -19.02 |
| 20Q3 (4) | 0.77 | 333.33 | 0.0 | 27.50 | 36.07 | 0.0 | 10.07 | 632.8 | 0.0 | 5.34 | 182.15 | 0.0 | 4.16 | 169.45 | 0.0 | 2.12 | 206.0 | 0.0 | 1.03 | 271.67 | 0.0 | 0.20 | 53.85 | 0.0 | 11.29 | 506.99 | 0.0 | 136.25 | -21.08 | 0.0 | 189.66 | 550.25 | 0.0 | -89.66 | -226.57 | 0.0 | 13.96 | 0 | 0.0 |
| 20Q2 (3) | -0.33 | -142.86 | 0.0 | 20.21 | -22.8 | 0.0 | -1.89 | -130.78 | 0.0 | -6.50 | -232.11 | 0.0 | -5.99 | -265.01 | 0.0 | -2.00 | -218.34 | 0.0 | -0.60 | -169.77 | 0.0 | 0.13 | -31.58 | 0.0 | 1.86 | -82.37 | 0.0 | 172.64 | 17.59 | 0.0 | 29.17 | -76.84 | 0.0 | 70.83 | 373.21 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.77 | 113.89 | 0.0 | 26.18 | -3.22 | 0.0 | 6.14 | 207.0 | 0.0 | 4.92 | 357.59 | 0.0 | 3.63 | 307.43 | 0.0 | 1.69 | 311.25 | 0.0 | 0.86 | 714.29 | 0.0 | 0.19 | 0.0 | 0.0 | 10.55 | 171.91 | 0.0 | 146.81 | -1.32 | 0.0 | 125.93 | 214.48 | 0.0 | -25.93 | -112.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 27.05 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | -1.91 | 0.0 | 0.0 | -1.75 | 0.0 | 0.0 | -0.80 | 0.0 | 0.0 | -0.14 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 3.88 | 0.0 | 0.0 | 148.78 | 0.0 | 0.0 | -110.00 | 0.0 | 0.0 | 210.00 | 0.0 | 0.0 | 21.24 | 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) | 8.08 | 0.37 | 33.54 | 10.33 | 14.35 | 29.75 | 2.81 | 0.1 | 14.98 | 14.61 | 11.81 | 13.67 | 17.76 | -6.33 | 10.76 | 5.7 | 0.84 | -8.7 | 19.37 | 14.55 | 80.00 | 0.86 | 95.67 | 13.29 | 4.09 | -73.26 | 3.45 | 7.6 | 16.00 | 13.56 |
| 2022 (9) | 8.05 | 101.25 | 30.40 | 9.79 | 11.06 | 31.2 | 2.81 | -29.54 | 13.07 | 74.5 | 10.39 | 69.77 | 18.96 | 69.89 | 10.18 | 78.28 | 0.92 | 9.52 | 16.91 | 34.63 | 79.32 | -35.65 | 84.45 | -25.18 | 15.28 | 0 | 3.20 | -12.65 | 14.09 | -15.12 |
| 2021 (8) | 4.00 | 58.1 | 27.69 | 12.56 | 8.43 | 98.82 | 3.98 | -16.54 | 7.49 | 20.22 | 6.12 | 19.77 | 11.16 | 28.72 | 5.71 | 25.49 | 0.84 | 13.51 | 12.56 | 0.0 | 123.27 | 12.92 | 112.87 | 66.61 | -12.87 | 0 | 3.67 | -21.02 | 16.60 | -0.84 |
| 2020 (7) | 2.53 | -43.9 | 24.60 | -6.14 | 4.24 | -2.97 | 4.77 | 19.63 | 6.23 | -19.09 | 5.11 | -15.95 | 8.67 | -32.21 | 4.55 | -21.14 | 0.74 | -9.76 | 12.56 | -4.27 | 109.17 | -26.62 | 67.74 | 19.51 | 32.26 | -25.53 | 4.64 | 15.81 | 16.74 | -9.9 |
| 2019 (6) | 4.51 | 7.89 | 26.21 | 6.03 | 4.37 | -14.15 | 3.99 | 153.98 | 7.70 | 1.05 | 6.08 | 10.55 | 12.79 | 29.19 | 5.77 | 21.22 | 0.82 | 6.49 | 13.12 | 29.52 | 148.78 | -9.41 | 56.68 | -14.97 | 43.32 | 29.95 | 4.01 | -1.21 | 18.58 | 23.62 |
| 2018 (5) | 4.18 | -10.49 | 24.72 | -13.9 | 5.09 | -69.99 | 1.57 | -8.71 | 7.62 | -50.65 | 5.50 | -56.9 | 9.90 | -38.39 | 4.76 | -48.43 | 0.77 | 10.0 | 10.13 | -42.61 | 164.24 | 64.49 | 66.67 | -39.5 | 33.33 | 0 | 4.06 | 0 | 15.03 | 59.55 |
| 2017 (4) | 4.67 | -22.43 | 28.71 | -14.35 | 16.96 | -25.81 | 1.72 | 29.53 | 15.44 | -29.17 | 12.76 | -25.64 | 16.07 | -21.88 | 9.23 | -37.04 | 0.70 | -17.65 | 17.65 | -24.7 | 99.85 | 72.99 | 110.19 | 4.93 | -9.71 | 0 | 0.00 | 0 | 9.42 | 9.66 |
| 2016 (3) | 6.02 | -15.21 | 33.52 | 4.13 | 22.86 | 8.39 | 1.33 | 32.2 | 21.80 | -12.41 | 17.16 | -13.51 | 20.57 | -17.02 | 14.66 | -25.73 | 0.85 | -14.14 | 23.44 | -9.74 | 57.72 | 130.42 | 105.02 | 23.87 | -5.02 | 0 | 0.00 | 0 | 8.59 | 2.26 |
| 2015 (2) | 7.10 | 8.23 | 32.19 | 5.92 | 21.09 | 7.71 | 1.00 | 28.29 | 24.89 | 13.55 | 19.84 | 7.88 | 24.79 | 1.14 | 19.74 | 1.6 | 0.99 | -6.6 | 25.97 | 13.55 | 25.05 | -4.32 | 84.78 | -5.04 | 15.22 | 42.03 | 0.00 | 0 | 8.40 | 1.69 |
| 2014 (1) | 6.56 | 19.06 | 30.39 | 0 | 19.58 | 0 | 0.78 | -7.51 | 21.92 | 0 | 18.39 | 0 | 24.51 | 0 | 19.43 | 0 | 1.06 | -7.83 | 22.87 | 9.53 | 26.18 | 0.08 | 89.29 | 1.22 | 10.71 | -9.14 | 0.00 | 0 | 8.26 | -7.3 |
