- 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) | 2.49 | -3.49 | -7.43 | 49.30 | 1.5 | 4.56 | 27.23 | 11.74 | 1.99 | 24.77 | -10.9 | -9.6 | 19.76 | -13.3 | -8.81 | 6.93 | -7.6 | -22.48 | 4.40 | -7.56 | -20.15 | 0.22 | 4.76 | -12.0 | 27.18 | -10.68 | -8.91 | 63.63 | 19.99 | 2.25 | 109.96 | 25.43 | 12.9 | -9.96 | -180.82 | -482.63 | 21.03 | 4.01 | 9.36 |
| 24Q2 (19) | 2.58 | 7.5 | 48.28 | 48.57 | 1.29 | 10.11 | 24.37 | 16.6 | 32.02 | 27.80 | 4.51 | 46.39 | 22.79 | 9.41 | 53.36 | 7.50 | 6.53 | 37.11 | 4.76 | 6.25 | 42.94 | 0.21 | 0.0 | -4.55 | 30.43 | 4.21 | 35.3 | 53.03 | -17.31 | -16.16 | 87.67 | 11.58 | -9.67 | 12.33 | -42.47 | 345.38 | 20.22 | -12.88 | -0.83 |
| 24Q1 (18) | 2.40 | 18.23 | 122.22 | 47.95 | 2.33 | 17.64 | 20.90 | -10.49 | 137.23 | 26.60 | 25.41 | 131.91 | 20.83 | 21.88 | 106.44 | 7.04 | 17.73 | 157.88 | 4.48 | 16.97 | 146.15 | 0.21 | -4.55 | 16.67 | 29.20 | 22.07 | 86.82 | 64.13 | 23.47 | -4.51 | 78.57 | -28.57 | 2.29 | 21.43 | 311.09 | -7.59 | 23.21 | 17.22 | -4.52 |
| 23Q4 (17) | 2.03 | -24.54 | 1094.12 | 46.86 | -0.62 | 20.06 | 23.35 | -12.55 | 2282.65 | 21.21 | -22.59 | 30400.0 | 17.09 | -21.14 | 2846.55 | 5.98 | -33.11 | 4883.33 | 3.83 | -30.49 | 3730.0 | 0.22 | -12.0 | 57.14 | 23.92 | -19.84 | 422.27 | 51.94 | -16.54 | 34.98 | 110.00 | 12.94 | 105.79 | -10.15 | -489.82 | -100.48 | 19.80 | 2.96 | -27.39 |
| 23Q3 (16) | 2.69 | 54.6 | 46.99 | 47.15 | 6.89 | 1.35 | 26.70 | 44.64 | 41.34 | 27.40 | 44.29 | 23.93 | 21.67 | 45.83 | 25.04 | 8.94 | 63.44 | 60.79 | 5.51 | 65.47 | 85.52 | 0.25 | 13.64 | 47.06 | 29.84 | 32.68 | 18.46 | 62.23 | -1.61 | 11.64 | 97.40 | 0.35 | 13.84 | 2.60 | -5.92 | -82.17 | 19.23 | -5.69 | -12.99 |
| 23Q2 (15) | 1.74 | 61.11 | -36.73 | 44.11 | 8.22 | -7.27 | 18.46 | 109.53 | -31.6 | 18.99 | 65.56 | -26.22 | 14.86 | 47.27 | -18.93 | 5.47 | 100.37 | -26.68 | 3.33 | 82.97 | -18.98 | 0.22 | 22.22 | 0.0 | 22.49 | 43.89 | -19.01 | 63.25 | -5.82 | -48.45 | 97.06 | 26.36 | -7.45 | 2.77 | -88.06 | 156.85 | 20.39 | -16.13 | 26.18 |
| 23Q1 (14) | 1.08 | 535.29 | -61.57 | 40.76 | 4.43 | -13.7 | 8.81 | 798.98 | -67.55 | 11.47 | 16485.71 | -53.6 | 10.09 | 1639.66 | -46.5 | 2.73 | 2175.0 | -59.56 | 1.82 | 1720.0 | -58.73 | 0.18 | 28.57 | -21.74 | 15.63 | 241.27 | -41.33 | 67.16 | 74.53 | 26.22 | 76.81 | 104.04 | -30.09 | 23.19 | -98.9 | 337.27 | 24.31 | -10.85 | 48.59 |
| 22Q4 (13) | 0.17 | -90.71 | -96.27 | 39.03 | -16.1 | -20.99 | 0.98 | -94.81 | -96.4 | -0.07 | -100.32 | -100.21 | 0.58 | -96.65 | -98.15 | 0.12 | -97.84 | -99.05 | 0.10 | -96.63 | -98.73 | 0.14 | -17.65 | -44.0 | 4.58 | -81.82 | -87.01 | 38.48 | -30.97 | -29.13 | -1900.00 | -2320.83 | -2430.98 | 2100.00 | 14276.92 | 11257.98 | 27.27 | 23.39 | 42.48 |
| 22Q3 (12) | 1.83 | -33.45 | -61.06 | 46.52 | -2.21 | -8.84 | 18.89 | -30.01 | -43.8 | 22.11 | -14.1 | -34.55 | 17.33 | -5.46 | -35.55 | 5.56 | -25.47 | -61.01 | 2.97 | -27.74 | -62.02 | 0.17 | -22.73 | -41.38 | 25.19 | -9.29 | -28.32 | 55.74 | -54.57 | -17.03 | 85.55 | -18.42 | -14.04 | 14.61 | 400.0 | 2626.59 | 22.10 | 36.76 | 49.02 |
| 22Q2 (11) | 2.75 | -2.14 | -39.29 | 47.57 | 0.72 | -5.26 | 26.99 | -0.59 | -18.56 | 25.74 | 4.13 | -22.31 | 18.33 | -2.81 | -29.12 | 7.46 | 10.52 | -44.41 | 4.11 | -6.8 | -46.9 | 0.22 | -4.35 | -26.67 | 27.77 | 4.24 | -19.3 | 122.70 | 130.6 | 23.29 | 104.87 | -4.55 | 4.87 | -4.87 | 50.18 | 0 | 16.16 | -1.22 | 12.93 |
| 22Q1 (10) | 2.81 | -38.38 | -25.46 | 47.23 | -4.39 | -1.5 | 27.15 | -0.29 | -5.3 | 24.72 | -26.01 | -22.29 | 18.86 | -39.86 | -27.6 | 6.75 | -46.34 | -38.64 | 4.41 | -43.89 | -38.58 | 0.23 | -8.0 | -17.86 | 26.64 | -24.47 | -19.78 | 53.21 | -2.01 | 3.76 | 109.87 | 34.79 | 21.96 | -9.77 | -152.86 | -199.38 | 16.36 | -14.52 | 1.61 |
| 21Q4 (9) | 4.56 | -2.98 | 11.22 | 49.40 | -3.19 | 5.13 | 27.23 | -18.98 | -7.03 | 33.41 | -1.1 | 11.03 | 31.36 | 16.62 | 22.5 | 12.58 | -11.78 | -8.38 | 7.86 | 0.51 | -8.6 | 0.25 | -13.79 | -26.47 | 35.27 | 0.37 | 12.79 | 54.30 | -19.17 | -2.78 | 81.51 | -18.1 | -16.27 | 18.49 | 3351.32 | 598.59 | 19.14 | 29.06 | 30.65 |
| 21Q3 (8) | 4.70 | 3.75 | 27.03 | 51.03 | 1.63 | 12.06 | 33.61 | 1.42 | 15.46 | 33.78 | 1.96 | 18.48 | 26.89 | 3.98 | 18.67 | 14.26 | 6.26 | 0.21 | 7.82 | 1.03 | -2.49 | 0.29 | -3.33 | -17.14 | 35.14 | 2.12 | 18.48 | 67.18 | -32.5 | 4.11 | 99.52 | -0.48 | -2.51 | 0.54 | 0 | 125.68 | 14.83 | 3.63 | 5.55 |
| 21Q2 (7) | 4.53 | 20.16 | 43.81 | 50.21 | 4.71 | 5.55 | 33.14 | 15.59 | 20.68 | 33.13 | 4.15 | 8.09 | 25.86 | -0.73 | 2.5 | 13.42 | 22.0 | 12.02 | 7.74 | 7.8 | 6.46 | 0.30 | 7.14 | 3.45 | 34.41 | 3.61 | 7.97 | 99.52 | 94.07 | 7.32 | 100.00 | 11.0 | 11.63 | 0.00 | -100.0 | -100.0 | 14.31 | -11.12 | 0 |
| 21Q1 (6) | 3.77 | -8.05 | 1994.44 | 47.95 | 2.04 | 1.42 | 28.67 | -2.12 | 23.1 | 31.81 | 5.72 | 916.29 | 26.05 | 1.76 | 1215.66 | 11.00 | -19.88 | 1864.29 | 7.18 | -16.51 | 1695.0 | 0.28 | -17.65 | 40.0 | 33.21 | 6.2 | 548.63 | 51.28 | -8.18 | 25.69 | 90.09 | -7.46 | -87.91 | 9.83 | 271.55 | 101.52 | 16.10 | 9.9 | -22.22 |
| 20Q4 (5) | 4.10 | 10.81 | 21.66 | 46.99 | 3.18 | 0.38 | 29.29 | 0.62 | 26.91 | 30.09 | 5.54 | -15.45 | 25.60 | 12.97 | -29.09 | 13.73 | -3.51 | -0.15 | 8.60 | 7.23 | -4.02 | 0.34 | -2.86 | 36.0 | 31.27 | 5.43 | -15.58 | 55.85 | -13.45 | 16.55 | 97.35 | -4.64 | 50.23 | 2.65 | 226.85 | -92.46 | 14.65 | 4.27 | -27.44 |
| 20Q3 (4) | 3.70 | 17.46 | 0.0 | 45.54 | -4.27 | 0.0 | 29.11 | 6.01 | 0.0 | 28.51 | -6.98 | 0.0 | 22.66 | -10.19 | 0.0 | 14.23 | 18.78 | 0.0 | 8.02 | 10.32 | 0.0 | 0.35 | 20.69 | 0.0 | 29.66 | -6.93 | 0.0 | 64.53 | -30.41 | 0.0 | 102.09 | 13.95 | 0.0 | -2.09 | -120.03 | 0.0 | 14.05 | 0 | 0.0 |
| 20Q2 (3) | 3.15 | 1650.0 | 0.0 | 47.57 | 0.61 | 0.0 | 27.46 | 17.9 | 0.0 | 30.65 | 879.23 | 0.0 | 25.23 | 1174.24 | 0.0 | 11.98 | 2039.29 | 0.0 | 7.27 | 1717.5 | 0.0 | 0.29 | 45.0 | 0.0 | 31.87 | 522.46 | 0.0 | 92.73 | 127.28 | 0.0 | 89.59 | -87.97 | 0.0 | 10.41 | 101.61 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.18 | -94.66 | 0.0 | 47.28 | 1.0 | 0.0 | 23.29 | 0.91 | 0.0 | 3.13 | -91.21 | 0.0 | 1.98 | -94.52 | 0.0 | 0.56 | -95.93 | 0.0 | 0.40 | -95.54 | 0.0 | 0.20 | -20.0 | 0.0 | 5.12 | -86.18 | 0.0 | 40.80 | -14.86 | 0.0 | 744.93 | 1049.52 | 0.0 | -644.93 | -1937.76 | 0.0 | 20.70 | 2.53 | 0.0 |
| 19Q4 (1) | 3.37 | 0.0 | 0.0 | 46.81 | 0.0 | 0.0 | 23.08 | 0.0 | 0.0 | 35.59 | 0.0 | 0.0 | 36.10 | 0.0 | 0.0 | 13.75 | 0.0 | 0.0 | 8.96 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 37.04 | 0.0 | 0.0 | 47.92 | 0.0 | 0.0 | 64.80 | 0.0 | 0.0 | 35.09 | 0.0 | 0.0 | 20.19 | 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) | 7.53 | -0.4 | 45.04 | -1.98 | 20.19 | -5.52 | 1.36 | 6.11 | 20.51 | -1.11 | 16.46 | 5.45 | 21.06 | 6.63 | 14.60 | 8.07 | 0.88 | 2.33 | 23.63 | 1.16 | 51.94 | 34.98 | 98.42 | -4.44 | 1.54 | 0 | 4.27 | -6.05 | 20.68 | 7.82 |
| 2022 (9) | 7.56 | -57.14 | 45.95 | -7.62 | 21.37 | -30.86 | 1.28 | 83.52 | 20.74 | -37.28 | 15.61 | -43.09 | 19.75 | -60.23 | 13.51 | -57.9 | 0.86 | -26.5 | 23.36 | -32.35 | 38.48 | -29.13 | 103.00 | 10.2 | -3.00 | 0 | 4.54 | 80.9 | 19.18 | 20.25 |
| 2021 (8) | 17.64 | 58.35 | 49.74 | 6.46 | 30.91 | 10.67 | 0.70 | 6.52 | 33.07 | 28.23 | 27.43 | 29.69 | 49.66 | 31.24 | 32.09 | 28.98 | 1.17 | -0.85 | 34.53 | 27.46 | 54.30 | -2.78 | 93.47 | -13.69 | 6.53 | 0 | 2.51 | -19.39 | 15.95 | -0.81 |
| 2020 (7) | 11.14 | 29.99 | 46.72 | 0.43 | 27.93 | 27.3 | 0.66 | -19.21 | 25.79 | -12.9 | 21.15 | -18.59 | 37.84 | 8.89 | 24.88 | 5.92 | 1.18 | 31.11 | 27.09 | -12.67 | 55.85 | 16.55 | 108.29 | 46.23 | -8.32 | 0 | 3.11 | 15.2 | 16.08 | -26.0 |
| 2019 (6) | 8.57 | 106.01 | 46.52 | 2.11 | 21.94 | 9.7 | 0.81 | 52.62 | 29.61 | 36.96 | 25.98 | 46.78 | 34.75 | 57.74 | 23.49 | 52.53 | 0.90 | 3.45 | 31.02 | 36.17 | 47.92 | -2.04 | 74.06 | -19.95 | 25.91 | 246.05 | 2.70 | 17.76 | 21.73 | -3.89 |
| 2018 (5) | 4.16 | 61.24 | 45.56 | 2.13 | 20.00 | 11.17 | 0.53 | -13.27 | 21.62 | 28.54 | 17.70 | 28.63 | 22.03 | 51.72 | 15.40 | 43.26 | 0.87 | 11.54 | 22.78 | 23.4 | 48.92 | 27.06 | 92.51 | -13.52 | 7.49 | 0 | 2.30 | 0 | 22.61 | -3.95 |
| 2017 (4) | 2.58 | 64.33 | 44.61 | 8.12 | 17.99 | 56.84 | 0.61 | -32.98 | 16.82 | 52.22 | 13.76 | 55.66 | 14.52 | 75.15 | 10.75 | 70.09 | 0.78 | 9.86 | 18.46 | 38.38 | 38.50 | 18.79 | 106.97 | 3.13 | -6.97 | 0 | 0.00 | 0 | 23.54 | -4.19 |
| 2016 (3) | 1.57 | -20.71 | 41.26 | -3.21 | 11.47 | -10.74 | 0.91 | -23.52 | 11.05 | -19.93 | 8.84 | -21.0 | 8.29 | -16.09 | 6.32 | -16.95 | 0.71 | 4.41 | 13.34 | -17.09 | 32.41 | 4.78 | 103.72 | 11.42 | -3.86 | 0 | 0.00 | 0 | 24.57 | 2.89 |
| 2015 (2) | 1.98 | -45.3 | 42.63 | -6.96 | 12.85 | -31.1 | 1.20 | 6.89 | 13.80 | -37.16 | 11.19 | -38.79 | 9.88 | -46.16 | 7.61 | -46.67 | 0.68 | -12.82 | 16.09 | -32.56 | 30.93 | 6.0 | 93.09 | 9.58 | 6.91 | -54.27 | 0.00 | 0 | 23.88 | 16.72 |
| 2014 (1) | 3.62 | -4.74 | 45.82 | 0 | 18.65 | 0 | 1.12 | -25.45 | 21.96 | 0 | 18.28 | 0 | 18.35 | 0 | 14.27 | 0 | 0.78 | -9.3 | 23.86 | -1.24 | 29.18 | 4.25 | 84.95 | -12.03 | 15.11 | 347.99 | 0.00 | 0 | 20.46 | 9.0 |
