- 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) | 1.74 | -25.0 | -24.68 | 31.17 | -1.67 | -9.28 | 19.36 | -5.14 | -16.98 | 18.32 | -27.82 | -25.74 | 14.61 | -28.31 | -25.91 | 4.94 | -28.51 | -32.51 | 2.14 | -22.18 | -34.36 | 0.14 | 7.69 | -12.5 | 29.65 | -18.99 | -14.31 | 134.52 | -11.23 | 15.83 | 105.66 | 31.42 | 11.78 | -5.66 | -128.88 | -203.43 | 28.70 | -4.14 | 7.01 |
| 24Q2 (19) | 2.32 | -30.33 | -14.07 | 31.70 | -16.86 | -13.53 | 20.41 | -28.96 | -23.41 | 25.38 | -20.11 | -14.34 | 20.38 | -20.08 | -12.57 | 6.91 | -30.55 | -24.65 | 2.75 | -35.45 | -24.86 | 0.13 | -18.75 | -13.33 | 36.60 | -9.94 | -7.83 | 151.54 | -10.04 | 2.23 | 80.40 | -11.11 | -10.54 | 19.60 | 105.27 | 93.57 | 29.94 | 14.19 | 12.26 |
| 24Q1 (18) | 3.33 | 1.83 | 17.25 | 38.13 | -4.32 | 1.73 | 28.73 | -5.21 | 1.52 | 31.77 | 4.4 | 13.67 | 25.50 | 2.95 | 14.5 | 9.95 | 6.53 | 10.93 | 4.26 | -3.84 | 12.4 | 0.16 | -5.88 | -5.88 | 40.64 | 3.49 | 8.9 | 168.45 | 46.66 | 0.74 | 90.45 | -9.22 | -10.65 | 9.55 | 2511.8 | 873.51 | 26.22 | 4.96 | 1.43 |
| 23Q4 (17) | 3.27 | 41.56 | 39.15 | 39.85 | 15.98 | 9.3 | 30.31 | 29.97 | 17.98 | 30.43 | 23.35 | 16.86 | 24.77 | 25.61 | 24.97 | 9.34 | 27.6 | 29.18 | 4.43 | 35.89 | 31.85 | 0.17 | 6.25 | 6.25 | 39.27 | 13.5 | 10.25 | 114.86 | -1.1 | -6.53 | 99.63 | 5.4 | 1.03 | 0.37 | -93.32 | -73.61 | 24.98 | -6.86 | -4.77 |
| 23Q3 (16) | 2.31 | -14.44 | 11.59 | 34.36 | -6.27 | -3.21 | 23.32 | -12.5 | -2.95 | 24.67 | -16.74 | -0.32 | 19.72 | -15.4 | -1.79 | 7.32 | -20.17 | 3.83 | 3.26 | -10.93 | 9.76 | 0.16 | 6.67 | 14.29 | 34.60 | -12.87 | -1.62 | 116.14 | -21.65 | -6.03 | 94.53 | 5.18 | -2.54 | 5.47 | -45.96 | 81.59 | 26.82 | 0.56 | 0.3 |
| 23Q2 (15) | 2.70 | -4.93 | 291.3 | 36.66 | -2.19 | 50.86 | 26.65 | -5.83 | 153.57 | 29.63 | 6.01 | 90.42 | 23.31 | 4.67 | 122.21 | 9.17 | 2.23 | 231.05 | 3.66 | -3.43 | 229.73 | 0.15 | -11.76 | 50.0 | 39.71 | 6.4 | 25.39 | 148.23 | -11.35 | -13.8 | 89.87 | -11.22 | 32.36 | 10.13 | 920.25 | -69.05 | 26.67 | 3.17 | -20.41 |
| 23Q1 (14) | 2.84 | 20.85 | 44.16 | 37.48 | 2.8 | 10.33 | 28.30 | 10.16 | 21.62 | 27.95 | 7.33 | 15.16 | 22.27 | 12.36 | 12.53 | 8.97 | 24.07 | 44.68 | 3.79 | 12.8 | 42.48 | 0.17 | 6.25 | 30.77 | 37.32 | 4.77 | 2.98 | 167.21 | 36.06 | -8.49 | 101.23 | 2.66 | 5.52 | -1.23 | -189.09 | -130.42 | 25.85 | -1.45 | -4.65 |
| 22Q4 (13) | 2.35 | 13.53 | 1.73 | 36.46 | 2.7 | -6.97 | 25.69 | 6.91 | 13.47 | 26.04 | 5.21 | 0.15 | 19.82 | -1.29 | -15.37 | 7.23 | 2.55 | 14.4 | 3.36 | 13.13 | 10.89 | 0.16 | 14.29 | 33.33 | 35.62 | 1.28 | -5.57 | 122.89 | -0.57 | 8.45 | 98.61 | 1.68 | 13.44 | 1.39 | -54.02 | -89.16 | 26.23 | -1.91 | -5.17 |
| 22Q3 (12) | 2.07 | 200.0 | -82.46 | 35.50 | 46.09 | 158.94 | 24.03 | 128.64 | 573.03 | 24.75 | 59.06 | -84.55 | 20.08 | 91.42 | -86.66 | 7.05 | 154.51 | -80.76 | 2.97 | 167.57 | -80.41 | 0.14 | 40.0 | 40.0 | 35.17 | 11.05 | -80.11 | 123.59 | -28.13 | 2.0 | 96.99 | 42.83 | 3165.53 | 3.01 | -90.79 | -97.08 | 26.74 | -20.2 | -30.53 |
| 22Q2 (11) | 0.69 | -64.97 | -20.69 | 24.30 | -28.47 | 51.31 | 10.51 | -54.83 | 677.47 | 15.56 | -35.89 | 98.98 | 10.49 | -46.99 | -4.72 | 2.77 | -55.32 | -17.07 | 1.11 | -58.27 | -13.28 | 0.10 | -23.08 | 0.0 | 31.67 | -12.61 | 24.0 | 171.97 | -5.89 | -2.27 | 67.90 | -29.23 | 385.9 | 32.72 | 706.22 | -73.56 | 33.51 | 23.61 | -3.87 |
| 22Q1 (10) | 1.97 | -14.72 | -6.64 | 33.97 | -13.32 | 5.11 | 23.27 | 2.78 | 19.15 | 24.27 | -6.65 | 4.88 | 19.79 | -15.5 | 3.61 | 6.20 | -1.9 | -26.45 | 2.66 | -12.21 | -6.99 | 0.13 | 8.33 | -7.14 | 36.24 | -3.92 | 1.31 | 182.73 | 61.27 | -19.33 | 95.94 | 10.36 | 13.73 | 4.06 | -68.26 | -74.06 | 27.11 | -1.99 | -0.99 |
| 21Q4 (9) | 2.31 | -80.42 | 32.0 | 39.19 | 185.85 | 26.13 | 22.64 | 545.67 | 33.96 | 26.00 | -83.77 | 35.49 | 23.42 | -84.44 | 47.95 | 6.32 | -82.75 | -9.06 | 3.03 | -80.01 | 23.67 | 0.12 | 20.0 | -14.29 | 37.72 | -78.67 | 20.94 | 113.31 | -6.49 | -43.38 | 86.93 | 2847.73 | -1.17 | 12.78 | -87.61 | 6.18 | 27.66 | -28.14 | -5.08 |
| 21Q3 (8) | 11.80 | 1256.32 | 642.14 | 13.71 | -14.63 | -55.73 | -5.08 | -179.12 | -129.21 | 160.16 | 1948.08 | 764.33 | 150.51 | 1267.03 | 900.07 | 36.64 | 997.01 | 446.87 | 15.16 | 1084.38 | 573.78 | 0.10 | 0.0 | -28.57 | 176.84 | 592.4 | 456.98 | 121.17 | -31.14 | -42.44 | -3.16 | 86.68 | -103.37 | 103.16 | -16.64 | 1580.96 | 38.49 | 10.41 | 44.37 |
| 21Q2 (7) | 0.87 | -58.77 | 26.09 | 16.06 | -50.31 | -26.5 | -1.82 | -109.32 | -145.39 | 7.82 | -66.21 | -31.4 | 11.01 | -42.36 | 7.31 | 3.34 | -60.38 | 4.7 | 1.28 | -55.24 | 14.29 | 0.10 | -28.57 | 11.11 | 25.54 | -28.6 | -10.04 | 175.97 | -22.31 | -25.46 | -23.75 | -128.15 | -166.62 | 123.75 | 691.12 | 89.75 | 34.86 | 27.32 | 1.9 |
| 21Q1 (6) | 2.11 | 20.57 | 81.9 | 32.32 | 4.02 | 21.14 | 19.53 | 15.56 | 55.74 | 23.14 | 20.58 | 65.64 | 19.10 | 20.66 | 64.8 | 8.43 | 21.29 | 81.68 | 2.86 | 16.73 | 79.87 | 0.14 | 0.0 | 16.67 | 35.77 | 14.68 | 23.86 | 226.51 | 13.19 | -6.29 | 84.36 | -4.1 | -6.27 | 15.64 | 29.92 | 48.6 | 27.38 | -6.04 | -10.23 |
| 20Q4 (5) | 1.75 | 10.06 | -31.64 | 31.07 | 0.32 | -6.47 | 16.90 | -2.82 | -16.05 | 19.19 | 3.56 | -19.34 | 15.83 | 5.18 | -20.13 | 6.95 | 3.73 | -29.23 | 2.45 | 8.89 | -21.73 | 0.14 | 0.0 | -6.67 | 31.19 | -1.76 | -12.88 | 200.12 | -4.94 | -8.4 | 87.96 | -6.29 | 3.86 | 12.04 | 96.18 | -21.35 | 29.14 | 9.3 | 5.81 |
| 20Q3 (4) | 1.59 | 130.43 | 0.0 | 30.97 | 41.74 | 0.0 | 17.39 | 333.67 | 0.0 | 18.53 | 62.54 | 0.0 | 15.05 | 46.69 | 0.0 | 6.70 | 110.03 | 0.0 | 2.25 | 100.89 | 0.0 | 0.14 | 55.56 | 0.0 | 31.75 | 11.84 | 0.0 | 210.51 | -10.83 | 0.0 | 93.86 | 163.27 | 0.0 | 6.14 | -90.59 | 0.0 | 26.66 | -22.07 | 0.0 |
| 20Q2 (3) | 0.69 | -40.52 | 0.0 | 21.85 | -18.1 | 0.0 | 4.01 | -68.02 | 0.0 | 11.40 | -18.4 | 0.0 | 10.26 | -11.48 | 0.0 | 3.19 | -31.25 | 0.0 | 1.12 | -29.56 | 0.0 | 0.09 | -25.0 | 0.0 | 28.39 | -1.7 | 0.0 | 236.09 | -2.33 | 0.0 | 35.65 | -60.39 | 0.0 | 65.22 | 519.57 | 0.0 | 34.21 | 12.16 | 0.0 |
| 20Q1 (2) | 1.16 | -54.69 | 0.0 | 26.68 | -19.69 | 0.0 | 12.54 | -37.7 | 0.0 | 13.97 | -41.28 | 0.0 | 11.59 | -41.52 | 0.0 | 4.64 | -52.75 | 0.0 | 1.59 | -49.2 | 0.0 | 0.12 | -20.0 | 0.0 | 28.88 | -19.33 | 0.0 | 241.72 | 10.64 | 0.0 | 90.00 | 6.27 | 0.0 | 10.53 | -31.24 | 0.0 | 30.50 | 10.75 | 0.0 |
| 19Q4 (1) | 2.56 | 0.0 | 0.0 | 33.22 | 0.0 | 0.0 | 20.13 | 0.0 | 0.0 | 23.79 | 0.0 | 0.0 | 19.82 | 0.0 | 0.0 | 9.82 | 0.0 | 0.0 | 3.13 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 35.80 | 0.0 | 0.0 | 218.48 | 0.0 | 0.0 | 84.69 | 0.0 | 0.0 | 15.31 | 0.0 | 0.0 | 27.54 | 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) | 11.11 | 56.7 | 37.16 | 11.56 | 27.25 | 24.94 | 8.78 | -16.7 | 28.21 | 21.07 | 22.57 | 24.35 | 31.63 | 53.62 | 14.85 | 50.0 | 0.64 | 23.08 | 37.75 | 8.07 | 114.86 | -6.53 | 96.54 | 3.11 | 3.46 | -45.68 | 0.20 | -1.34 | 26.05 | -6.8 |
| 2022 (9) | 7.09 | -58.51 | 33.31 | 23.28 | 21.81 | 99.73 | 10.54 | -16.7 | 23.30 | -52.17 | 18.15 | -60.05 | 20.59 | -59.49 | 9.90 | -52.74 | 0.52 | 15.56 | 34.93 | -44.51 | 122.89 | 8.45 | 93.63 | 318.05 | 6.37 | -91.79 | 0.20 | 4.98 | 27.95 | -10.65 |
| 2021 (8) | 17.09 | 229.92 | 27.02 | -4.25 | 10.92 | -19.35 | 12.65 | 3.98 | 48.71 | 199.75 | 45.43 | 236.27 | 50.83 | 150.02 | 20.95 | 188.17 | 0.45 | -8.16 | 62.95 | 108.31 | 113.31 | -43.38 | 22.40 | -73.12 | 77.56 | 364.83 | 0.19 | -16.43 | 31.28 | 5.18 |
| 2020 (7) | 5.18 | -51.04 | 28.22 | -15.74 | 13.54 | -29.95 | 12.17 | 11.1 | 16.25 | -34.9 | 13.51 | -36.24 | 20.33 | -42.23 | 7.27 | -52.3 | 0.49 | -27.94 | 30.22 | -19.67 | 200.12 | -8.4 | 83.31 | 7.59 | 16.69 | -26.05 | 0.23 | 12.45 | 29.74 | 8.86 |
| 2019 (6) | 10.58 | -2.04 | 33.49 | -0.68 | 19.33 | 13.84 | 10.95 | 77.94 | 24.96 | -0.48 | 21.19 | 1.19 | 35.19 | 1.5 | 15.24 | -17.93 | 0.68 | -21.84 | 37.62 | 17.89 | 218.48 | 162.75 | 77.44 | 14.41 | 22.56 | -30.18 | 0.20 | -49.89 | 27.32 | -2.88 |
| 2018 (5) | 10.80 | 29.03 | 33.72 | -1.29 | 16.98 | -7.82 | 6.16 | 1.95 | 25.08 | 32.0 | 20.94 | 34.92 | 34.67 | 21.18 | 18.57 | 24.63 | 0.87 | -7.45 | 31.91 | 24.26 | 83.15 | -14.07 | 67.68 | -30.17 | 32.32 | 949.15 | 0.41 | 0 | 28.13 | -0.5 |
| 2017 (4) | 8.37 | 11.16 | 34.16 | 0.09 | 18.42 | -1.07 | 6.04 | -3.94 | 19.00 | 9.83 | 15.52 | 9.84 | 28.61 | 14.49 | 14.90 | 13.14 | 0.94 | 3.3 | 25.68 | 5.81 | 96.76 | 1.2 | 96.92 | -9.92 | 3.08 | 0 | 0.00 | 0 | 28.27 | 0.89 |
| 2016 (3) | 7.53 | -15.96 | 34.13 | -6.44 | 18.62 | -10.52 | 6.29 | 12.82 | 17.30 | -14.95 | 14.13 | -20.3 | 24.99 | -19.18 | 13.17 | -18.6 | 0.91 | 2.25 | 24.27 | -8.66 | 95.61 | 1.3 | 107.59 | 5.19 | -7.59 | 0 | 0.00 | 0 | 28.02 | 1.82 |
| 2015 (2) | 8.96 | -6.67 | 36.48 | -3.26 | 20.81 | -0.38 | 5.57 | 14.56 | 20.34 | -6.18 | 17.73 | -1.34 | 30.92 | -2.95 | 16.18 | -0.74 | 0.89 | 1.14 | 26.57 | -3.1 | 94.38 | -1.64 | 102.28 | 6.15 | -2.36 | 0 | 0.00 | 0 | 27.52 | 2.76 |
| 2014 (1) | 9.60 | -9.94 | 37.71 | 0 | 20.89 | 0 | 4.86 | 4.11 | 21.68 | 0 | 17.97 | 0 | 31.86 | 0 | 16.30 | 0 | 0.88 | 0.0 | 27.42 | -5.81 | 95.95 | -10.66 | 96.36 | 5.88 | 3.64 | -59.85 | 0.00 | 0 | 26.78 | 1.48 |
