- 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) | 4.32 | 364.52 | 92.86 | 35.97 | 10.88 | 23.99 | 30.54 | 22.45 | 30.9 | 30.36 | 29.41 | 31.26 | 24.24 | 47.9 | 12.33 | 6.71 | 344.37 | 105.2 | 2.67 | 292.65 | 73.38 | 0.11 | 175.0 | 57.14 | 31.05 | 20.07 | 26.89 | 158.47 | 3.13 | 33.43 | 100.61 | -5.43 | -0.29 | -0.61 | 90.49 | 32.46 | 3.04 | -29.79 | -2.25 |
| 24Q2 (19) | 0.93 | 444.44 | -15.45 | 32.44 | -58.75 | -14.27 | 24.94 | 102.4 | -12.64 | 23.46 | 102.02 | -13.01 | 16.39 | 101.57 | -13.37 | 1.51 | 497.37 | -2.58 | 0.68 | 666.67 | -16.05 | 0.04 | 0 | 0.0 | 25.86 | 103.69 | -13.31 | 153.66 | 14.48 | 25.77 | 106.39 | 19.15 | 0.58 | -6.39 | -159.62 | -10.64 | 4.33 | -99.37 | -3.13 |
| 24Q1 (18) | -0.27 | -105.07 | -106.31 | 78.64 | 159.54 | 108.82 | -1040.04 | -4066.59 | -3394.39 | -1159.76 | -4528.26 | -3848.42 | -1045.39 | -4800.49 | -4284.91 | -0.38 | -105.19 | -106.43 | -0.12 | -103.44 | -104.15 | 0.00 | -100.0 | -100.0 | -700.00 | -2703.2 | -2305.42 | 134.22 | 22.43 | 30.87 | 89.29 | -10.82 | -12.51 | 10.71 | 9362.5 | 620.71 | 688.01 | 24297.52 | 22310.75 |
| 23Q4 (17) | 5.33 | 137.95 | 2638.1 | 30.30 | 4.45 | 27.15 | 26.22 | 12.39 | 377.75 | 26.19 | 13.23 | 253.7 | 22.24 | 3.06 | 228.11 | 7.32 | 123.85 | 2252.94 | 3.49 | 126.62 | 3590.0 | 0.15 | 114.29 | 1400.0 | 26.89 | 9.89 | 548.91 | 109.63 | -7.7 | -4.29 | 100.12 | -0.78 | 80.76 | -0.12 | 87.14 | -100.26 | 2.82 | -9.32 | -79.54 |
| 23Q3 (16) | 2.24 | 103.64 | 130.93 | 29.01 | -23.34 | -10.44 | 23.33 | -18.28 | 16.59 | 23.13 | -14.24 | 15.42 | 21.58 | 14.06 | 39.41 | 3.27 | 110.97 | 131.91 | 1.54 | 90.12 | 108.11 | 0.07 | 75.0 | 75.0 | 24.47 | -17.97 | 10.92 | 118.77 | -2.79 | 16.88 | 100.90 | -4.61 | 1.19 | -0.90 | 84.42 | -416.64 | 3.11 | -30.43 | -17.72 |
| 23Q2 (15) | 1.10 | -74.3 | -85.23 | 37.84 | 0.48 | 22.74 | 28.55 | -9.57 | 10.02 | 26.97 | -12.83 | 3.49 | 18.92 | -24.26 | -9.39 | 1.55 | -73.77 | -85.59 | 0.81 | -71.97 | -83.57 | 0.04 | -63.64 | -82.61 | 29.83 | -6.02 | 13.08 | 122.18 | 19.13 | 12.98 | 105.77 | 3.64 | 6.23 | -5.77 | -180.6 | -1586.72 | 4.47 | 45.6 | 105.99 |
| 23Q1 (14) | 4.28 | 2138.1 | 72.58 | 37.66 | 58.04 | 3.29 | 31.57 | 434.43 | 6.33 | 30.94 | 281.57 | 3.58 | 24.98 | 243.89 | 3.22 | 5.91 | 1838.24 | 62.36 | 2.89 | 2990.0 | 79.5 | 0.11 | 1000.0 | 83.33 | 31.74 | 629.88 | 2.72 | 102.56 | -10.46 | -22.7 | 102.06 | 84.27 | 2.66 | -2.06 | -104.61 | -448.56 | 3.07 | -77.72 | -11.78 |
| 22Q4 (13) | -0.21 | -121.65 | -104.66 | 23.83 | -26.43 | -33.21 | -9.44 | -147.18 | -131.41 | -17.04 | -185.03 | -156.2 | -17.36 | -212.14 | -170.17 | -0.34 | -124.11 | -104.87 | -0.10 | -113.51 | -103.28 | 0.01 | -75.0 | -91.67 | -5.99 | -127.15 | -119.32 | 114.54 | 12.71 | -12.07 | 55.38 | -44.46 | -44.14 | 44.62 | 15604.62 | 4772.64 | 13.78 | 264.55 | 375.17 |
| 22Q3 (12) | 0.97 | -86.98 | -76.74 | 32.39 | 5.06 | 10.62 | 20.01 | -22.89 | -19.54 | 20.04 | -23.1 | -19.87 | 15.48 | -25.86 | -24.23 | 1.41 | -86.9 | -79.62 | 0.74 | -84.99 | -75.0 | 0.04 | -82.61 | -71.43 | 22.06 | -16.38 | -13.56 | 101.62 | -6.03 | -24.34 | 99.72 | 0.14 | 0.21 | 0.28 | -26.85 | -42.69 | 3.78 | 74.19 | 53.04 |
| 22Q2 (11) | 7.45 | 200.4 | 526.05 | 30.83 | -15.44 | -8.38 | 25.95 | -12.6 | 11.18 | 26.06 | -12.76 | 7.2 | 20.88 | -13.72 | 8.47 | 10.76 | 195.6 | 422.33 | 4.93 | 206.21 | 435.87 | 0.23 | 283.33 | 475.0 | 26.38 | -14.63 | 0.92 | 108.14 | -18.5 | -23.58 | 99.57 | 0.16 | 3.83 | 0.39 | -34.21 | -89.93 | 2.17 | -37.64 | -45.2 |
| 22Q1 (10) | 2.48 | -45.01 | 259.42 | 36.46 | 2.19 | 25.42 | 29.69 | -1.2 | 58.86 | 29.87 | -1.48 | 53.81 | 24.20 | -2.18 | 44.82 | 3.64 | -47.85 | 216.52 | 1.61 | -47.21 | 177.59 | 0.06 | -50.0 | 100.0 | 30.90 | -0.35 | 39.38 | 132.68 | 1.85 | -1.54 | 99.41 | 0.26 | 3.11 | 0.59 | -35.53 | -83.54 | 3.48 | 20.0 | -33.33 |
| 21Q4 (9) | 4.51 | 8.15 | 122.17 | 35.68 | 21.86 | -22.85 | 30.05 | 20.83 | -19.57 | 30.32 | 21.23 | -21.43 | 24.74 | 21.1 | -33.53 | 6.98 | 0.87 | 116.77 | 3.05 | 3.04 | 89.44 | 0.12 | -14.29 | 200.0 | 31.01 | 21.51 | -24.09 | 130.27 | -3.02 | 22.3 | 99.15 | -0.36 | 2.35 | 0.92 | 84.7 | -70.75 | 2.90 | 17.41 | -31.76 |
| 21Q3 (8) | 4.17 | 250.42 | 170.78 | 29.28 | -12.99 | -14.11 | 24.87 | 6.56 | -6.54 | 25.01 | 2.88 | -6.05 | 20.43 | 6.13 | -3.45 | 6.92 | 235.92 | 172.44 | 2.96 | 221.74 | 134.92 | 0.14 | 250.0 | 133.33 | 25.52 | -2.37 | -9.86 | 134.32 | -5.08 | 23.79 | 99.50 | 3.75 | -0.5 | 0.50 | -87.14 | 0 | 2.47 | -37.63 | -34.31 |
| 21Q2 (7) | 1.19 | 72.46 | -79.9 | 33.65 | 15.76 | 5.16 | 23.34 | 24.88 | -16.37 | 24.31 | 25.18 | -13.3 | 19.25 | 15.2 | -19.89 | 2.06 | 79.13 | -78.94 | 0.92 | 58.62 | -80.17 | 0.04 | 33.33 | -78.95 | 26.14 | 17.91 | -8.28 | 141.51 | 5.02 | 24.44 | 95.90 | -0.53 | -3.64 | 3.86 | 7.47 | 719.06 | 3.96 | -24.14 | 65.0 |
| 21Q1 (6) | 0.69 | -66.01 | 23.21 | 29.07 | -37.15 | 21.23 | 18.69 | -49.97 | 62.38 | 19.42 | -49.68 | 14.84 | 16.71 | -55.1 | 10.52 | 1.15 | -64.29 | 26.37 | 0.58 | -63.98 | 18.37 | 0.03 | -25.0 | 0.0 | 22.17 | -45.73 | 9.16 | 134.75 | 26.5 | 19.08 | 96.41 | -0.47 | 41.73 | 3.59 | 14.6 | -88.78 | 5.22 | 22.82 | -2.06 |
| 20Q4 (5) | 2.03 | 31.82 | 915.0 | 46.25 | 35.67 | 396.24 | 37.36 | 40.4 | 772.9 | 38.59 | 44.97 | 1005.73 | 37.22 | 75.9 | 1933.88 | 3.22 | 26.77 | 875.76 | 1.61 | 27.78 | 631.82 | 0.04 | -33.33 | -50.0 | 40.85 | 44.3 | 761.81 | 106.52 | -1.83 | -7.39 | 96.87 | -3.13 | -21.01 | 3.13 | 0 | 113.83 | 4.25 | 13.03 | 168.99 |
| 20Q3 (4) | 1.54 | -73.99 | 0.0 | 34.09 | 6.53 | 0.0 | 26.61 | -4.66 | 0.0 | 26.62 | -5.06 | 0.0 | 21.16 | -11.94 | 0.0 | 2.54 | -74.03 | 0.0 | 1.26 | -72.84 | 0.0 | 0.06 | -68.42 | 0.0 | 28.31 | -0.67 | 0.0 | 108.51 | -4.58 | 0.0 | 100.00 | 0.47 | 0.0 | 0.00 | -100.0 | 0.0 | 3.76 | 56.67 | 0.0 |
| 20Q2 (3) | 5.92 | 957.14 | 0.0 | 32.00 | 33.44 | 0.0 | 27.91 | 142.48 | 0.0 | 28.04 | 65.82 | 0.0 | 24.03 | 58.93 | 0.0 | 9.78 | 974.73 | 0.0 | 4.64 | 846.94 | 0.0 | 0.19 | 533.33 | 0.0 | 28.50 | 40.32 | 0.0 | 113.72 | 0.49 | 0.0 | 99.53 | 46.32 | 0.0 | 0.47 | -98.53 | 0.0 | 2.40 | -54.97 | 0.0 |
| 20Q1 (2) | 0.56 | 180.0 | 0.0 | 23.98 | 157.3 | 0.0 | 11.51 | 168.93 | 0.0 | 16.91 | 384.53 | 0.0 | 15.12 | 726.23 | 0.0 | 0.91 | 175.76 | 0.0 | 0.49 | 122.73 | 0.0 | 0.03 | -62.5 | 0.0 | 20.31 | 328.48 | 0.0 | 113.16 | -1.62 | 0.0 | 68.02 | -44.53 | 0.0 | 31.98 | 241.23 | 0.0 | 5.33 | 237.34 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 9.32 | 0.0 | 0.0 | 4.28 | 0.0 | 0.0 | 3.49 | 0.0 | 0.0 | 1.83 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 4.74 | 0.0 | 0.0 | 115.02 | 0.0 | 0.0 | 122.64 | 0.0 | 0.0 | -22.64 | 0.0 | 0.0 | 1.58 | 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) | 12.95 | 21.14 | 33.03 | 3.51 | 27.53 | 9.9 | 0.16 | -12.74 | 27.13 | 8.69 | 22.60 | 13.62 | 17.79 | 14.11 | 8.65 | 19.64 | 0.37 | 5.71 | 28.19 | 8.84 | 109.63 | -4.29 | 101.45 | 1.09 | -1.47 | 0 | 0.00 | 0 | 3.11 | 6.87 |
| 2022 (9) | 10.69 | 1.23 | 31.91 | -0.87 | 25.05 | -3.95 | 0.19 | -5.41 | 24.96 | -5.53 | 19.89 | -7.79 | 15.59 | -3.82 | 7.23 | -4.99 | 0.35 | 2.94 | 25.90 | -5.34 | 114.54 | -12.07 | 100.35 | 1.69 | -0.35 | 0 | 0.00 | 0 | 2.91 | -4.59 |
| 2021 (8) | 10.56 | 5.07 | 32.19 | -4.0 | 26.08 | -4.99 | 0.20 | -13.09 | 26.42 | -6.25 | 21.57 | -11.78 | 16.21 | 0.43 | 7.61 | -3.55 | 0.34 | 9.68 | 27.36 | -6.75 | 130.27 | 22.3 | 98.69 | 1.32 | 1.28 | -49.94 | 0.00 | 0 | 3.05 | -3.17 |
| 2020 (7) | 10.05 | -11.45 | 33.53 | 39.24 | 27.45 | 44.47 | 0.23 | 74.81 | 28.18 | 45.41 | 24.45 | 54.26 | 16.14 | -17.99 | 7.89 | -6.07 | 0.31 | -39.22 | 29.34 | 45.61 | 106.52 | -7.39 | 97.40 | -0.66 | 2.57 | 31.44 | 0.00 | 0 | 3.15 | 49.29 |
| 2019 (6) | 11.35 | 263.78 | 24.08 | -17.96 | 19.00 | 16.42 | 0.13 | -61.97 | 19.38 | -14.51 | 15.85 | -15.47 | 19.68 | 250.18 | 8.40 | 229.41 | 0.51 | 325.0 | 20.15 | -20.95 | 115.02 | -32.88 | 98.05 | 36.26 | 1.95 | -93.01 | 0.00 | 0 | 2.11 | -57.29 |
| 2018 (5) | 3.12 | -60.36 | 29.35 | -4.58 | 16.32 | -25.75 | 0.34 | 175.34 | 22.67 | -12.98 | 18.75 | -11.68 | 5.62 | -60.39 | 2.55 | -61.13 | 0.12 | -60.0 | 25.49 | -4.85 | 171.37 | 46.9 | 71.96 | -14.73 | 27.95 | 79.01 | 0.00 | 0 | 4.94 | 57.32 |
| 2017 (4) | 7.87 | -9.85 | 30.76 | 0.1 | 21.98 | -7.49 | 0.13 | 13.62 | 26.05 | 6.67 | 21.23 | 2.86 | 14.19 | -13.63 | 6.56 | -5.07 | 0.30 | -9.09 | 26.79 | 7.5 | 116.66 | -7.6 | 84.39 | -13.29 | 15.61 | 483.53 | 0.00 | 0 | 3.14 | 9.03 |
| 2016 (3) | 8.73 | -8.97 | 30.73 | -31.62 | 23.76 | -34.15 | 0.11 | 18.87 | 24.42 | -33.73 | 20.64 | -41.5 | 16.43 | -14.78 | 6.91 | -7.99 | 0.33 | 57.14 | 24.92 | -33.88 | 126.25 | -19.9 | 97.32 | -0.6 | 2.68 | 28.28 | 0.00 | 0 | 2.88 | -40.0 |
| 2015 (2) | 9.59 | 88.78 | 44.94 | 21.89 | 36.08 | 37.03 | 0.09 | -14.63 | 36.85 | 38.48 | 35.28 | 57.92 | 19.28 | 77.86 | 7.51 | 68.39 | 0.21 | 10.53 | 37.69 | 35.09 | 157.62 | -4.29 | 97.91 | -1.05 | 2.09 | 98.59 | 0.00 | 0 | 4.80 | 1.48 |
| 2014 (1) | 5.08 | -54.15 | 36.87 | 0 | 26.33 | 0 | 0.11 | 123.17 | 26.61 | 0 | 22.34 | 0 | 10.84 | 0 | 4.46 | 0 | 0.19 | -45.71 | 27.90 | -15.25 | 164.69 | 16.26 | 98.95 | 1.08 | 1.05 | -50.12 | 0.00 | 0 | 4.73 | 58.19 |
