- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 1.67 | 421.87 | 60.58 | 30.36 | 5.89 | -1.94 | 10.95 | 16.74 | -9.28 | 19.16 | 308.53 | 46.6 | 15.52 | 363.28 | 47.95 | 3.93 | 397.47 | 58.47 | 2.85 | 400.0 | 55.74 | 0.18 | 5.88 | 5.88 | 24.30 | 131.65 | 20.24 | 38.55 | 1.02 | 11.9 | 57.13 | -71.5 | -38.12 | 42.87 | 142.87 | 458.29 | 19.13 | 20.01 | 4.36 |
| 23Q4 (19) | 0.32 | -64.84 | 366.67 | 28.67 | -0.1 | 4.37 | 9.38 | -6.2 | 97.06 | 4.69 | -65.51 | 1043.9 | 3.35 | -63.43 | 435.0 | 0.79 | -64.57 | 429.17 | 0.57 | -63.92 | 507.14 | 0.17 | 0.0 | 0.0 | 10.49 | -46.4 | 28.08 | 38.16 | -4.77 | -3.17 | 200.48 | 172.33 | -82.98 | -100.00 | -476.69 | 90.72 | 15.94 | -17.19 | -3.16 |
| 23Q3 (18) | 0.91 | -13.33 | -5.21 | 28.70 | 2.65 | -0.28 | 10.00 | 14.68 | 34.95 | 13.60 | -3.27 | 18.47 | 9.16 | -15.26 | -3.58 | 2.23 | -12.2 | -8.98 | 1.58 | -14.59 | -3.07 | 0.17 | 0.0 | 0.0 | 19.57 | -5.73 | 1.5 | 40.07 | -5.23 | -12.05 | 73.62 | 18.67 | 13.96 | 26.55 | -30.07 | -25.01 | 19.25 | -1.99 | 24.11 |
| 23Q2 (17) | 1.05 | 0.96 | 17.98 | 27.96 | -9.69 | -2.88 | 8.72 | -27.75 | 5.95 | 14.06 | 7.57 | 28.64 | 10.81 | 3.05 | 29.62 | 2.54 | 2.42 | 12.39 | 1.85 | 1.09 | 27.59 | 0.17 | 0.0 | 0.0 | 20.76 | 2.72 | 12.52 | 42.28 | 22.73 | -32.16 | 62.04 | -32.8 | -17.58 | 37.96 | 394.38 | 53.5 | 19.64 | 7.15 | 3.81 |
| 23Q1 (16) | 1.04 | 966.67 | -0.95 | 30.96 | 12.7 | 12.09 | 12.07 | 153.57 | 38.42 | 13.07 | 3087.8 | 18.07 | 10.49 | 1149.0 | 21.13 | 2.48 | 1133.33 | -0.4 | 1.83 | 1407.14 | 15.82 | 0.17 | 0.0 | -5.56 | 20.21 | 146.76 | 10.8 | 34.45 | -12.59 | -40.9 | 92.32 | -92.16 | 17.27 | 7.68 | 100.71 | -63.63 | 18.33 | 11.36 | -0.16 |
| 22Q4 (15) | -0.12 | -112.5 | -120.34 | 27.47 | -4.55 | 10.28 | 4.76 | -35.76 | -20.93 | 0.41 | -96.43 | -93.12 | -1.00 | -110.53 | -121.14 | -0.24 | -109.8 | -116.44 | -0.14 | -108.59 | -115.38 | 0.17 | 0.0 | -10.53 | 8.19 | -57.52 | -36.95 | 39.41 | -13.5 | -36.73 | 1177.78 | 1723.23 | 1064.2 | -1077.78 | -3144.44 | -92319.44 | 16.46 | 6.13 | -3.4 |
| 22Q3 (14) | 0.96 | 7.87 | -30.43 | 28.78 | -0.03 | 2.82 | 7.41 | -9.96 | -34.54 | 11.48 | 5.03 | -7.12 | 9.50 | 13.91 | -0.21 | 2.45 | 8.41 | -27.3 | 1.63 | 12.41 | -20.1 | 0.17 | 0.0 | -19.05 | 19.28 | 4.5 | 4.78 | 45.56 | -26.89 | -35.45 | 64.60 | -14.17 | -29.54 | 35.40 | 43.13 | 319.69 | 15.51 | -18.02 | -10.5 |
| 22Q2 (13) | 0.89 | -15.24 | -35.04 | 28.79 | 4.24 | 3.56 | 8.23 | -5.62 | -30.08 | 10.93 | -1.26 | -10.34 | 8.34 | -3.7 | -9.74 | 2.26 | -9.24 | -32.54 | 1.45 | -8.23 | -29.61 | 0.17 | -5.56 | -22.73 | 18.45 | 1.15 | 1.71 | 62.32 | 6.91 | -4.42 | 75.27 | -4.39 | -21.99 | 24.73 | 17.15 | 602.76 | 18.92 | 3.05 | 9.36 |
| 22Q1 (12) | 1.05 | 77.97 | 1.94 | 27.62 | 10.88 | 6.11 | 8.72 | 44.85 | -2.02 | 11.07 | 85.74 | 12.96 | 8.66 | 83.09 | 8.66 | 2.49 | 70.55 | -3.49 | 1.58 | 73.63 | 0.0 | 0.18 | -5.26 | -5.26 | 18.24 | 40.42 | 8.12 | 58.29 | -6.42 | -11.03 | 78.72 | -22.18 | -13.31 | 21.11 | 1910.43 | 129.85 | 18.36 | 7.75 | -6.52 |
| 21Q4 (11) | 0.59 | -57.25 | -18.06 | 24.91 | -11.0 | 3.62 | 6.02 | -46.82 | 5.8 | 5.96 | -51.78 | -15.1 | 4.73 | -50.32 | -16.73 | 1.46 | -56.68 | -18.89 | 0.91 | -55.39 | -18.75 | 0.19 | -9.52 | 0.0 | 12.99 | -29.4 | -14.14 | 62.29 | -11.75 | -9.37 | 101.17 | 10.34 | 24.95 | -1.17 | -113.83 | -106.13 | 17.04 | -1.67 | -7.39 |
| 21Q3 (10) | 1.38 | 0.73 | 32.69 | 27.99 | 0.68 | 6.02 | 11.32 | -3.82 | 24.4 | 12.36 | 1.39 | 24.6 | 9.52 | 3.03 | 18.41 | 3.37 | 0.6 | 22.99 | 2.04 | -0.97 | 22.16 | 0.21 | -4.55 | 5.0 | 18.40 | 1.43 | 1.43 | 70.58 | 8.25 | 6.91 | 91.69 | -4.97 | -0.23 | 8.44 | 139.68 | 1.93 | 17.33 | 0.17 | 1.7 |
| 21Q2 (9) | 1.37 | 33.01 | 55.68 | 27.80 | 6.8 | 3.38 | 11.77 | 32.25 | 38.96 | 12.19 | 24.39 | 22.39 | 9.24 | 15.93 | 28.69 | 3.35 | 29.84 | 40.17 | 2.06 | 30.38 | 41.1 | 0.22 | 15.79 | 10.0 | 18.14 | 7.53 | -2.84 | 65.20 | -0.49 | -5.01 | 96.48 | 6.24 | 13.44 | 3.52 | -61.68 | -76.45 | 17.30 | -11.91 | -3.03 |
| 21Q1 (8) | 1.03 | 43.06 | 635.71 | 26.03 | 8.28 | 17.09 | 8.90 | 56.41 | 1579.25 | 9.80 | 39.6 | 390.0 | 7.97 | 40.32 | 553.28 | 2.58 | 43.33 | 706.25 | 1.58 | 41.07 | 558.33 | 0.19 | 0.0 | 18.75 | 16.87 | 11.5 | 30.07 | 65.52 | -4.67 | -2.54 | 90.81 | 12.17 | 244.34 | 9.19 | -51.75 | -87.52 | 19.64 | 6.74 | 0 |
| 20Q4 (7) | 0.72 | -30.77 | 44.0 | 24.04 | -8.94 | -11.88 | 5.69 | -37.47 | 10.49 | 7.02 | -29.23 | 29.76 | 5.68 | -29.35 | 36.54 | 1.80 | -34.31 | 35.34 | 1.12 | -32.93 | 31.76 | 0.19 | -5.0 | 0.0 | 15.13 | -16.59 | 2.65 | 68.73 | 4.1 | 5.95 | 80.96 | -11.9 | -14.7 | 19.04 | 130.01 | 301.11 | 18.40 | 7.98 | 0 |
| 20Q3 (6) | 1.04 | 18.18 | 57.58 | 26.40 | -1.82 | 1.77 | 9.10 | 7.44 | 69.14 | 9.92 | -0.4 | 50.3 | 8.04 | 11.98 | 37.91 | 2.74 | 14.64 | 54.8 | 1.67 | 14.38 | 49.11 | 0.20 | 0.0 | 11.11 | 18.14 | -2.84 | 6.77 | 66.02 | -3.82 | 0.44 | 91.90 | 8.05 | 12.72 | 8.28 | -44.63 | -55.21 | 17.04 | -4.48 | -7.84 |
| 20Q2 (5) | 0.88 | 528.57 | 79.59 | 26.89 | 20.96 | 18.15 | 8.47 | 1498.11 | 173.23 | 9.96 | 398.0 | 73.82 | 7.18 | 488.52 | 61.35 | 2.39 | 646.88 | 78.36 | 1.46 | 508.33 | 65.91 | 0.20 | 25.0 | 5.26 | 18.67 | 43.95 | 13.7 | 68.64 | 2.1 | 1.78 | 85.05 | 222.49 | 56.98 | 14.95 | -79.7 | -67.62 | 17.84 | 0 | -3.57 |
| 20Q1 (4) | 0.14 | -72.0 | 0.0 | 22.23 | -18.51 | 0.0 | 0.53 | -89.71 | 0.0 | 2.00 | -63.03 | 0.0 | 1.22 | -70.67 | 0.0 | 0.32 | -75.94 | 0.0 | 0.24 | -71.76 | 0.0 | 0.16 | -15.79 | 0.0 | 12.97 | -12.01 | 0.0 | 67.23 | 3.64 | 0.0 | 26.37 | -72.21 | 0.0 | 73.63 | 1451.41 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (3) | 0.50 | -24.24 | 0.0 | 27.28 | 5.17 | 0.0 | 5.15 | -4.28 | 0.0 | 5.41 | -18.03 | 0.0 | 4.16 | -28.64 | 0.0 | 1.33 | -24.86 | 0.0 | 0.85 | -24.11 | 0.0 | 0.19 | 5.56 | 0.0 | 14.74 | -13.24 | 0.0 | 64.87 | -1.31 | 0.0 | 94.92 | 16.42 | 0.0 | 4.75 | -74.31 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.66 | 34.69 | 0.0 | 25.94 | 13.97 | 0.0 | 5.38 | 73.55 | 0.0 | 6.60 | 15.18 | 0.0 | 5.83 | 31.01 | 0.0 | 1.77 | 32.09 | 0.0 | 1.12 | 27.27 | 0.0 | 0.18 | -5.26 | 0.0 | 16.99 | 3.47 | 0.0 | 65.73 | -2.54 | 0.0 | 81.52 | 50.47 | 0.0 | 18.48 | -59.97 | 0.0 | 18.49 | -0.05 | 0.0 |
| 19Q2 (1) | 0.49 | 0.0 | 0.0 | 22.76 | 0.0 | 0.0 | 3.10 | 0.0 | 0.0 | 5.73 | 0.0 | 0.0 | 4.45 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 16.42 | 0.0 | 0.0 | 67.44 | 0.0 | 0.0 | 54.18 | 0.0 | 0.0 | 46.15 | 0.0 | 0.0 | 18.50 | 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) | 3.32 | 19.42 | 29.08 | 3.23 | 10.05 | 35.99 | 6.06 | -13.06 | 11.36 | 29.98 | 8.45 | 27.64 | 8.02 | 14.41 | 5.81 | 21.29 | 0.68 | -2.86 | 17.76 | 9.02 | 38.16 | -3.17 | 88.41 | 4.59 | 11.54 | -25.41 | 0.10 | -32.45 | 18.29 | 5.18 |
| 2022 (9) | 2.78 | -36.38 | 28.17 | 5.23 | 7.39 | -23.42 | 6.97 | 16.03 | 8.74 | -14.65 | 6.62 | -17.04 | 7.01 | -35.45 | 4.79 | -28.51 | 0.70 | -14.63 | 16.29 | -2.63 | 39.41 | -36.73 | 84.53 | -10.32 | 15.47 | 171.44 | 0.14 | -26.7 | 17.39 | -2.3 |
| 2021 (8) | 4.37 | 56.63 | 26.77 | 6.91 | 9.65 | 54.15 | 6.01 | -27.55 | 10.24 | 36.17 | 7.98 | 38.06 | 10.86 | 52.74 | 6.70 | 51.58 | 0.82 | 10.81 | 16.73 | 1.89 | 62.29 | -9.37 | 94.26 | 13.27 | 5.70 | -66.16 | 0.19 | -30.36 | 17.80 | -1.66 |
| 2020 (7) | 2.79 | 50.0 | 25.04 | 2.37 | 6.26 | 57.29 | 8.30 | -13.2 | 7.52 | 48.03 | 5.78 | 42.36 | 7.11 | 44.22 | 4.42 | 39.87 | 0.74 | 1.37 | 16.42 | 6.76 | 68.73 | 5.95 | 83.22 | 6.24 | 16.84 | -22.28 | 0.28 | -5.21 | 18.10 | -1.25 |
| 2019 (6) | 1.86 | 3.33 | 24.46 | 4.22 | 3.98 | 7.86 | 9.56 | 15.35 | 5.08 | 8.78 | 4.06 | 13.41 | 4.93 | 1.44 | 3.16 | 8.97 | 0.73 | 0.0 | 15.38 | 10.65 | 64.87 | -4.05 | 78.33 | -0.96 | 21.67 | 3.65 | 0.29 | -31.88 | 18.33 | 7.82 |
| 2018 (5) | 1.80 | -34.31 | 23.47 | 0.99 | 3.69 | -40.48 | 8.29 | 13.95 | 4.67 | -15.4 | 3.58 | -21.49 | 4.86 | -30.07 | 2.90 | -19.67 | 0.73 | 0.0 | 13.90 | 2.06 | 67.61 | -35.34 | 79.09 | -29.51 | 20.91 | 0 | 0.43 | 0 | 17.00 | 12.29 |
| 2017 (4) | 2.74 | -33.66 | 23.24 | -5.03 | 6.20 | -14.84 | 7.27 | 1.77 | 5.52 | -26.98 | 4.56 | -27.27 | 6.95 | -32.59 | 3.61 | -30.44 | 0.73 | -6.41 | 13.62 | -12.02 | 104.56 | -8.77 | 112.20 | 16.61 | -12.27 | 0 | 0.00 | 0 | 15.14 | 2.99 |
| 2016 (3) | 4.13 | -3.28 | 24.47 | 3.82 | 7.28 | 6.74 | 7.15 | -8.89 | 7.56 | -2.58 | 6.27 | -1.26 | 10.31 | 1.58 | 5.19 | -2.99 | 0.78 | -2.5 | 15.48 | -5.03 | 114.61 | 7.21 | 96.22 | 9.47 | 3.78 | -68.74 | 0.00 | 0 | 14.70 | 2.3 |
| 2015 (2) | 4.27 | -16.6 | 23.57 | -4.84 | 6.82 | -21.06 | 7.84 | 15.49 | 7.76 | -13.78 | 6.35 | -10.94 | 10.15 | -18.73 | 5.35 | -16.41 | 0.80 | -6.98 | 16.30 | -0.37 | 106.90 | 13.97 | 87.90 | -8.51 | 12.10 | 205.37 | 0.00 | 0 | 14.37 | 7.24 |
| 2014 (1) | 5.12 | 45.87 | 24.77 | 0 | 8.64 | 0 | 6.79 | -11.85 | 9.00 | 0 | 7.13 | 0 | 12.49 | 0 | 6.40 | 0 | 0.86 | 11.69 | 16.36 | 2.12 | 93.80 | -16.47 | 96.07 | -7.66 | 3.96 | 0 | 0.00 | 0 | 13.40 | -5.9 |
