- 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) | 7.68 | -27.13 | -32.57 | 20.37 | 7.21 | 0.84 | 13.27 | 9.49 | -1.12 | 9.54 | 2.25 | -12.32 | 7.72 | -18.99 | -25.05 | 4.85 | -27.07 | -39.75 | 1.30 | -19.75 | -29.73 | 0.13 | -7.14 | -13.33 | 17.56 | 5.4 | -1.35 | 372.03 | -5.24 | -3.23 | 139.02 | 7.07 | 12.71 | -39.02 | -30.84 | -67.26 | 4.69 | -5.25 | 35.16 |
| 24Q2 (19) | 10.54 | -0.19 | -16.68 | 19.00 | -14.1 | -8.03 | 12.12 | -20.99 | -13.49 | 9.33 | -21.92 | -18.94 | 9.53 | -2.16 | -14.76 | 6.65 | -4.04 | -34.61 | 1.62 | -3.57 | -22.12 | 0.14 | -6.67 | -12.5 | 16.66 | -12.5 | -7.13 | 392.61 | -0.93 | -10.71 | 129.84 | 1.2 | 6.6 | -29.82 | -5.4 | -36.78 | 4.95 | 14.32 | -0.2 |
| 24Q1 (18) | 10.56 | 33.67 | 13.92 | 22.12 | 14.37 | 9.07 | 15.34 | 25.02 | 11.56 | 11.95 | 28.08 | 10.34 | 9.74 | 31.62 | 11.31 | 6.93 | 34.04 | -16.1 | 1.68 | 26.32 | 1.2 | 0.15 | 7.14 | -6.25 | 19.04 | 14.91 | 9.43 | 396.29 | 3.27 | -16.97 | 128.29 | -2.48 | 1.1 | -28.29 | 10.33 | -5.2 | 4.33 | -22.54 | 8.79 |
| 23Q4 (17) | 7.90 | -30.64 | 147.11 | 19.34 | -4.26 | 390.83 | 12.27 | -8.57 | 193.17 | 9.33 | -14.25 | 164.97 | 7.40 | -28.16 | 157.45 | 5.17 | -35.78 | 145.59 | 1.33 | -28.11 | 170.37 | 0.14 | -6.67 | -12.5 | 16.57 | -6.91 | 313.53 | 383.76 | -0.17 | -20.77 | 131.55 | 6.66 | 43.39 | -31.55 | -35.24 | -482.24 | 5.59 | 61.1 | 15.73 |
| 23Q3 (16) | 11.39 | -9.96 | 145.58 | 20.20 | -2.23 | 305.08 | 13.42 | -4.21 | 182.48 | 10.88 | -5.47 | 153.78 | 10.30 | -7.87 | 150.0 | 8.05 | -20.85 | 151.67 | 1.85 | -11.06 | 158.54 | 0.15 | -6.25 | -6.25 | 17.80 | -0.78 | 227.42 | 384.43 | -12.57 | -3.14 | 123.34 | 1.26 | 53.41 | -23.33 | -7.0 | -219.03 | 3.47 | -30.04 | -20.05 |
| 23Q2 (15) | 12.65 | 36.46 | 948.99 | 20.66 | 1.87 | 172.92 | 14.01 | 1.89 | 2357.89 | 11.51 | 6.28 | 955.96 | 11.18 | 27.77 | 4200.0 | 10.17 | 23.12 | 5882.35 | 2.08 | 25.3 | 1055.56 | 0.16 | 0.0 | 6.67 | 17.94 | 3.1 | 135.74 | 439.70 | -7.87 | 29.47 | 121.80 | -4.01 | 135.18 | -21.80 | 18.93 | -145.23 | 4.96 | 24.62 | 3.33 |
| 23Q1 (14) | 9.27 | 155.28 | 17.94 | 20.28 | 404.96 | 10.58 | 13.75 | 204.4 | 16.53 | 10.83 | 175.42 | -0.73 | 8.75 | 167.93 | 1.27 | 8.26 | 172.84 | 45.17 | 1.66 | 187.83 | 4.4 | 0.16 | 0.0 | -5.88 | 17.40 | 324.23 | 5.26 | 477.26 | -1.47 | 54.12 | 126.90 | 38.31 | 17.34 | -26.90 | -425.83 | -230.28 | 3.98 | -17.6 | -5.01 |
| 22Q4 (13) | -16.77 | 32.89 | -358.4 | -6.65 | 32.49 | -136.24 | -13.17 | 19.05 | -219.84 | -14.36 | 29.02 | -245.49 | -12.88 | 37.48 | -265.77 | -11.34 | 27.21 | -336.74 | -1.89 | 40.19 | -232.17 | 0.16 | 0.0 | -5.88 | -7.76 | 44.45 | -149.46 | 484.37 | 22.04 | 79.34 | 91.75 | 14.11 | -17.65 | 8.25 | -57.88 | 172.39 | 4.83 | 11.29 | -8.17 |
| 22Q3 (12) | -24.99 | -1577.18 | -488.65 | -9.85 | -230.12 | -155.46 | -16.27 | -2954.39 | -256.89 | -20.23 | -1955.96 | -296.41 | -20.60 | -8023.08 | -366.84 | -15.58 | -9264.71 | -414.75 | -3.16 | -1855.56 | -316.44 | 0.16 | 6.67 | -5.88 | -13.97 | -283.57 | -187.15 | 396.91 | 16.87 | 50.6 | 80.40 | 55.24 | -20.16 | 19.60 | -59.34 | 2873.17 | 4.34 | -9.58 | -4.19 |
| 22Q2 (11) | -1.49 | -118.96 | -119.61 | 7.57 | -58.72 | -53.53 | 0.57 | -95.17 | -94.31 | 1.09 | -90.01 | -88.54 | 0.26 | -96.99 | -96.57 | 0.17 | -97.01 | -97.15 | 0.18 | -88.68 | -89.35 | 0.15 | -11.76 | -28.57 | 7.61 | -53.96 | -46.6 | 339.61 | 9.67 | 23.25 | 51.79 | -52.11 | -50.75 | 48.21 | 692.01 | 1036.32 | 4.80 | 14.56 | 47.24 |
| 22Q1 (10) | 7.86 | 21.11 | -14.19 | 18.34 | -0.05 | 5.65 | 11.80 | 7.37 | -0.08 | 10.91 | 10.54 | -0.91 | 8.64 | 11.2 | -1.26 | 5.69 | 18.79 | -19.52 | 1.59 | 11.19 | -23.56 | 0.17 | 0.0 | -22.73 | 16.53 | 5.35 | 6.1 | 309.67 | 14.65 | 11.2 | 108.14 | -2.93 | 0.81 | -8.14 | 28.59 | -11.97 | 4.19 | -20.34 | 8.27 |
| 21Q4 (9) | 6.49 | 0.93 | 0.78 | 18.35 | 3.32 | 13.06 | 10.99 | 5.98 | 10.79 | 9.87 | -4.17 | 12.16 | 7.77 | 0.65 | 12.12 | 4.79 | -3.23 | -7.71 | 1.43 | -2.05 | -11.73 | 0.17 | 0.0 | -22.73 | 15.69 | -2.12 | 13.53 | 270.09 | 2.48 | 9.66 | 111.40 | 10.62 | -1.2 | -11.40 | -1513.46 | 10.76 | 5.26 | 16.11 | 131.72 |
| 21Q3 (8) | 6.43 | -15.39 | -2.87 | 17.76 | 9.02 | 5.28 | 10.37 | 3.6 | -0.29 | 10.30 | 8.31 | 5.1 | 7.72 | 1.85 | -0.64 | 4.95 | -16.95 | -14.36 | 1.46 | -13.61 | -17.05 | 0.17 | -19.05 | -19.05 | 16.03 | 12.49 | 7.8 | 263.56 | -4.35 | 6.49 | 100.71 | -4.24 | -5.12 | -0.71 | 86.27 | 88.5 | 4.53 | 38.96 | 7.6 |
| 21Q2 (7) | 7.60 | -17.03 | 27.95 | 16.29 | -6.16 | -1.27 | 10.01 | -15.24 | -0.99 | 9.51 | -13.62 | 5.67 | 7.58 | -13.37 | 10.66 | 5.96 | -15.7 | 16.41 | 1.69 | -18.75 | 3.05 | 0.21 | -4.55 | 0.0 | 14.25 | -8.54 | 1.21 | 275.55 | -1.05 | 3.64 | 105.16 | -1.96 | -6.38 | -5.15 | 29.2 | 58.25 | 3.26 | -15.76 | 0 |
| 21Q1 (6) | 9.16 | 42.24 | 44.25 | 17.36 | 6.96 | 12.65 | 11.81 | 19.05 | 24.19 | 11.01 | 25.11 | 20.86 | 8.75 | 26.26 | 22.04 | 7.07 | 36.22 | 33.4 | 2.08 | 28.4 | 21.64 | 0.22 | 0.0 | 0.0 | 15.58 | 12.74 | 11.6 | 278.47 | 13.07 | 20.21 | 107.27 | -4.87 | 2.82 | -7.27 | 43.09 | -68.11 | 3.87 | 70.48 | 0 |
| 20Q4 (5) | 6.44 | -2.72 | 20.6 | 16.23 | -3.79 | 11.16 | 9.92 | -4.62 | 15.62 | 8.80 | -10.2 | 22.91 | 6.93 | -10.81 | 24.64 | 5.19 | -10.21 | 6.13 | 1.62 | -7.95 | 7.28 | 0.22 | 4.76 | -8.33 | 13.82 | -7.06 | 17.62 | 246.29 | -0.48 | 3.5 | 112.76 | 6.23 | -5.91 | -12.78 | -107.97 | 35.58 | 2.27 | -46.08 | 0 |
| 20Q3 (4) | 6.62 | 11.45 | 0.0 | 16.87 | 2.24 | 0.0 | 10.40 | 2.87 | 0.0 | 9.80 | 8.89 | 0.0 | 7.77 | 13.43 | 0.0 | 5.78 | 12.89 | 0.0 | 1.76 | 7.32 | 0.0 | 0.21 | 0.0 | 0.0 | 14.87 | 5.61 | 0.0 | 247.49 | -6.91 | 0.0 | 106.14 | -5.51 | 0.0 | -6.14 | 50.17 | 0.0 | 4.21 | 0 | 0.0 |
| 20Q2 (3) | 5.94 | -6.46 | 0.0 | 16.50 | 7.07 | 0.0 | 10.11 | 6.31 | 0.0 | 9.00 | -1.21 | 0.0 | 6.85 | -4.46 | 0.0 | 5.12 | -3.4 | 0.0 | 1.64 | -4.09 | 0.0 | 0.21 | -4.55 | 0.0 | 14.08 | 0.86 | 0.0 | 265.87 | 14.77 | 0.0 | 112.33 | 7.67 | 0.0 | -12.33 | -185.04 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 6.35 | 18.91 | 0.0 | 15.41 | 5.55 | 0.0 | 9.51 | 10.84 | 0.0 | 9.11 | 27.23 | 0.0 | 7.17 | 28.96 | 0.0 | 5.30 | 8.38 | 0.0 | 1.71 | 13.25 | 0.0 | 0.22 | -8.33 | 0.0 | 13.96 | 18.81 | 0.0 | 231.65 | -2.66 | 0.0 | 104.33 | -12.94 | 0.0 | -4.33 | 78.19 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 5.34 | 0.0 | 0.0 | 14.60 | 0.0 | 0.0 | 8.58 | 0.0 | 0.0 | 7.16 | 0.0 | 0.0 | 5.56 | 0.0 | 0.0 | 4.89 | 0.0 | 0.0 | 1.51 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 11.75 | 0.0 | 0.0 | 237.97 | 0.0 | 0.0 | 119.84 | 0.0 | 0.0 | -19.84 | 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) | 41.03 | 0 | 20.12 | 891.13 | 13.37 | 0 | 4.67 | -4.52 | 10.64 | 0 | 9.43 | 0 | 30.74 | 0 | 6.89 | 0 | 0.62 | -3.13 | 17.43 | 7162.5 | 383.76 | -20.77 | 125.58 | 64.65 | -25.58 | 0 | 0.14 | 204.4 | 4.50 | -0.88 |
| 2022 (9) | -35.39 | 0 | 2.03 | -88.33 | -4.58 | 0 | 4.89 | 12.76 | -6.01 | 0 | -6.46 | 0 | -19.20 | 0 | -3.49 | 0 | 0.64 | -16.88 | 0.24 | -98.44 | 484.37 | 79.34 | 76.27 | -28.14 | 23.73 | 0 | 0.05 | -87.74 | 4.54 | 8.61 |
| 2021 (8) | 29.68 | 17.03 | 17.39 | 7.35 | 10.81 | 8.32 | 4.33 | 4.13 | 10.18 | 11.01 | 7.97 | 11.0 | 21.93 | 5.79 | 6.59 | -0.15 | 0.77 | -8.33 | 15.35 | 8.25 | 270.09 | 9.66 | 106.14 | -2.5 | -6.14 | 0 | 0.37 | -10.94 | 4.18 | 18.08 |
| 2020 (7) | 25.36 | 17.68 | 16.20 | 0.68 | 9.98 | 6.97 | 4.16 | -0.21 | 9.17 | 12.38 | 7.18 | 12.54 | 20.73 | 2.12 | 6.60 | 5.1 | 0.84 | -4.55 | 14.18 | 6.38 | 246.29 | 3.5 | 108.86 | -4.84 | -8.86 | 0 | 0.42 | -13.6 | 3.54 | -4.58 |
| 2019 (6) | 21.55 | 17.37 | 16.09 | -0.86 | 9.33 | 2.3 | 4.17 | -2.65 | 8.16 | -0.12 | 6.38 | 2.24 | 20.30 | -1.02 | 6.28 | 4.67 | 0.88 | 3.53 | 13.33 | -1.19 | 237.97 | -19.03 | 114.40 | 2.59 | -14.40 | 0 | 0.48 | -9.65 | 3.71 | -8.4 |
| 2018 (5) | 18.36 | -0.86 | 16.23 | 7.13 | 9.12 | 14.86 | 4.28 | -2.25 | 8.17 | 2.38 | 6.24 | -3.41 | 20.51 | -6.48 | 6.00 | -10.45 | 0.85 | -8.6 | 13.49 | 1.43 | 293.89 | 6.3 | 111.52 | 12.02 | -11.52 | 0 | 0.53 | -8.74 | 4.05 | 6.02 |
| 2017 (4) | 18.52 | -5.8 | 15.15 | 13.74 | 7.94 | 34.35 | 4.38 | -9.13 | 7.98 | -5.34 | 6.46 | -7.58 | 21.93 | -12.39 | 6.70 | -4.69 | 0.93 | -7.0 | 13.30 | 0.08 | 276.47 | 8.96 | 99.55 | 42.02 | 0.45 | -98.5 | 0.59 | 0 | 3.82 | 15.41 |
| 2016 (3) | 19.66 | 9.83 | 13.32 | 0.91 | 5.91 | 4.05 | 4.82 | -13.25 | 8.43 | 2.43 | 6.99 | 3.1 | 25.03 | -0.12 | 7.03 | 1.01 | 1.00 | -1.96 | 13.29 | -3.97 | 253.74 | -2.73 | 70.10 | 1.61 | 29.91 | -3.55 | 0.00 | 0 | 3.31 | -1.19 |
| 2015 (2) | 17.90 | 6.29 | 13.20 | 5.94 | 5.68 | 7.37 | 5.56 | 3.85 | 8.23 | 7.86 | 6.78 | 5.61 | 25.06 | -3.39 | 6.96 | -4.53 | 1.02 | -9.73 | 13.84 | 6.05 | 260.86 | -0.85 | 68.99 | -0.51 | 31.01 | 1.15 | 0.00 | 0 | 3.35 | 4.36 |
| 2014 (1) | 16.84 | 20.2 | 12.46 | 0 | 5.29 | 0 | 5.35 | -0.56 | 7.63 | 0 | 6.42 | 0 | 25.94 | 0 | 7.29 | 0 | 1.13 | -0.88 | 13.05 | 2.11 | 263.09 | 4.08 | 69.34 | -3.62 | 30.66 | 9.27 | 0.00 | 0 | 3.21 | -0.62 |
