- 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) | 2.89 | 21.43 | -12.95 | 52.28 | 1.95 | 0.11 | 8.78 | 10.86 | -11.67 | 8.45 | 11.18 | -14.3 | 6.92 | 14.0 | -10.82 | 4.48 | 24.79 | -6.47 | 2.14 | 20.22 | -13.01 | 0.29 | 3.57 | -6.45 | 19.15 | -0.83 | -7.26 | 114.17 | -9.85 | 14.01 | 104.44 | 0.06 | 3.75 | -3.70 | 15.56 | -451.85 | 32.06 | -0.74 | 2.82 |
| 24Q2 (19) | 2.38 | -5.56 | -41.52 | 51.28 | 1.1 | -6.08 | 7.92 | 3.8 | -34.16 | 7.60 | 3.54 | -32.38 | 6.07 | 5.93 | -32.41 | 3.59 | 7.49 | -32.26 | 1.78 | 2.3 | -36.88 | 0.28 | -3.45 | -6.67 | 19.31 | 2.71 | -20.04 | 126.65 | 29.57 | 24.45 | 104.39 | 0.82 | -2.53 | -4.39 | -23.9 | 38.2 | 32.30 | -6.4 | 2.57 |
| 24Q1 (18) | 2.52 | 92.37 | -47.93 | 50.72 | 3.3 | -4.21 | 7.63 | 80.38 | -39.83 | 7.34 | 74.76 | -43.01 | 5.73 | 76.31 | -43.49 | 3.34 | 90.86 | -49.16 | 1.74 | 83.16 | -50.0 | 0.29 | 7.41 | -14.71 | 18.80 | 10.46 | -16.07 | 97.75 | -6.2 | 14.8 | 103.54 | 3.54 | 5.22 | -3.54 | 0 | -321.83 | 34.51 | 4.04 | 9.21 |
| 23Q4 (17) | 1.31 | -60.54 | 95.52 | 49.10 | -5.97 | -1.17 | 4.23 | -57.44 | 11.61 | 4.20 | -57.4 | 36.36 | 3.25 | -58.12 | 94.61 | 1.75 | -63.47 | 78.57 | 0.95 | -61.38 | 72.73 | 0.27 | -12.9 | 0.0 | 17.02 | -17.58 | 13.77 | 104.21 | 4.06 | 4.19 | 100.00 | -0.67 | -19.15 | 0.00 | 100.0 | 100.0 | 33.17 | 6.38 | 6.9 |
| 23Q3 (16) | 3.32 | -18.43 | -15.74 | 52.22 | -4.36 | 0.08 | 9.94 | -17.37 | -15.33 | 9.86 | -12.28 | -15.51 | 7.76 | -13.59 | -18.32 | 4.79 | -9.62 | -21.6 | 2.46 | -12.77 | -2.38 | 0.31 | 3.33 | 24.0 | 20.65 | -14.49 | -12.05 | 100.14 | -1.6 | -27.9 | 100.67 | -6.0 | -0.01 | -0.67 | 90.54 | 2.01 | 31.18 | -0.98 | 4.0 |
| 23Q2 (15) | 4.07 | -15.91 | 198.55 | 54.60 | 3.12 | 30.09 | 12.03 | -5.13 | 191.55 | 11.24 | -12.73 | 181.69 | 8.98 | -11.44 | 181.19 | 5.30 | -19.33 | 210.19 | 2.82 | -18.97 | 263.01 | 0.30 | -11.76 | 76.47 | 24.15 | 7.81 | 545.72 | 101.77 | 19.52 | -39.88 | 107.10 | 8.83 | 12.83 | -7.10 | -544.73 | -267.48 | 31.49 | -0.35 | -21.04 |
| 23Q1 (14) | 4.84 | 622.39 | 67.47 | 52.95 | 6.58 | 4.29 | 12.68 | 234.56 | 74.9 | 12.88 | 318.18 | 84.79 | 10.14 | 507.19 | 84.7 | 6.57 | 570.41 | 101.53 | 3.48 | 532.73 | 157.78 | 0.34 | 25.93 | 47.83 | 22.40 | 49.73 | 15.94 | 85.15 | -14.87 | -45.22 | 98.40 | -20.44 | -4.99 | 1.60 | 106.74 | 144.68 | 31.60 | 1.84 | -4.01 |
| 22Q4 (13) | 0.67 | -82.99 | -80.86 | 49.68 | -4.79 | -4.74 | 3.79 | -67.72 | -57.18 | 3.08 | -73.61 | -63.98 | 1.67 | -82.42 | -75.19 | 0.98 | -83.96 | -76.1 | 0.55 | -78.17 | -65.41 | 0.27 | 8.0 | 22.73 | 14.96 | -36.29 | -28.66 | 100.02 | -27.99 | -40.41 | 123.68 | 22.84 | 20.15 | -23.68 | -3357.89 | -503.95 | 31.03 | 3.5 | 5.15 |
| 22Q3 (12) | 3.94 | 195.4 | 471.7 | 52.18 | 24.33 | 25.58 | 11.74 | 189.35 | 207.02 | 11.67 | 184.81 | 322.29 | 9.50 | 185.9 | 432.17 | 6.11 | 227.03 | 626.72 | 2.52 | 245.66 | 863.64 | 0.25 | 47.06 | 66.67 | 23.48 | 527.81 | 77.21 | 138.90 | -17.95 | -25.9 | 100.68 | 6.08 | -52.36 | -0.68 | -116.16 | 99.37 | 29.98 | -24.82 | -18.42 |
| 22Q2 (11) | -4.13 | -242.91 | -380.23 | 41.97 | -17.33 | -12.16 | -13.14 | -281.24 | -471.3 | -13.76 | -297.42 | -441.73 | -11.06 | -301.46 | -421.7 | -4.81 | -247.55 | -459.3 | -1.73 | -228.15 | -620.83 | 0.17 | -26.09 | 0.0 | 3.74 | -80.64 | -75.05 | 169.28 | 8.9 | 18.07 | 94.92 | -8.36 | 8.47 | 4.24 | 218.64 | -49.15 | 39.88 | 21.14 | 7.35 |
| 22Q1 (10) | 2.89 | -17.43 | -46.97 | 50.77 | -2.65 | -5.96 | 7.25 | -18.08 | -43.27 | 6.97 | -18.48 | -43.79 | 5.49 | -18.42 | -44.32 | 3.26 | -20.49 | -41.79 | 1.35 | -15.09 | -41.56 | 0.23 | 4.55 | 4.55 | 19.32 | -7.87 | -24.97 | 155.44 | -7.39 | 6.25 | 103.57 | 0.61 | 0.37 | -3.57 | 8.93 | -12.14 | 32.92 | 11.56 | 2.71 |
| 21Q4 (9) | 3.50 | 430.19 | -28.28 | 52.15 | 25.51 | -2.99 | 8.85 | 180.67 | -24.62 | 8.55 | 262.86 | -25.85 | 6.73 | 335.31 | -28.93 | 4.10 | 453.45 | -22.64 | 1.59 | 581.82 | -24.64 | 0.22 | 46.67 | 4.76 | 20.97 | 58.26 | -16.75 | 167.85 | -10.46 | 3.63 | 102.94 | -51.3 | 1.47 | -3.92 | 96.41 | -80.39 | 29.51 | -19.7 | -1.7 |
| 21Q3 (8) | -1.06 | -23.26 | -113.93 | 41.55 | -13.04 | -25.82 | -10.97 | -376.96 | -161.18 | -5.25 | -106.69 | -130.28 | -2.86 | -34.91 | -120.86 | -1.16 | -34.88 | -113.35 | -0.33 | -37.5 | -110.0 | 0.15 | -11.76 | -34.78 | 13.25 | -11.61 | -55.4 | 187.45 | 30.75 | 15.52 | 211.36 | 141.56 | 104.04 | -109.09 | -1409.09 | -2940.91 | 36.75 | -1.08 | 33.35 |
| 21Q2 (7) | -0.86 | -115.78 | -139.45 | 47.78 | -11.5 | -8.71 | -2.30 | -118.0 | -128.43 | -2.54 | -120.48 | -171.15 | -2.12 | -121.5 | -151.83 | -0.86 | -115.36 | -141.95 | -0.24 | -110.39 | -126.67 | 0.17 | -22.73 | -5.56 | 14.99 | -41.79 | -31.36 | 143.37 | -2.0 | -21.63 | 87.50 | -15.2 | -60.99 | 8.33 | 361.67 | 106.56 | 37.15 | 15.91 | 0 |
| 21Q1 (6) | 5.45 | 11.68 | 336.0 | 53.99 | 0.43 | 8.26 | 12.78 | 8.86 | 258.99 | 12.40 | 7.55 | 298.71 | 9.86 | 4.12 | 279.23 | 5.60 | 5.66 | 317.91 | 2.31 | 9.48 | 272.58 | 0.22 | 4.76 | 15.79 | 25.75 | 2.22 | 26.66 | 146.29 | -9.68 | -11.55 | 103.18 | 1.71 | -10.04 | -3.18 | -46.5 | 78.34 | 32.05 | 6.76 | 0 |
| 20Q4 (5) | 4.88 | -35.87 | 141.58 | 53.76 | -4.02 | 5.0 | 11.74 | -34.52 | 104.53 | 11.53 | -33.51 | 127.87 | 9.47 | -30.93 | 133.83 | 5.30 | -39.01 | 135.56 | 2.11 | -36.06 | 115.31 | 0.21 | -8.7 | 0.0 | 25.19 | -15.21 | 17.16 | 161.97 | -0.18 | -8.53 | 101.45 | -2.06 | -10.85 | -2.17 | 39.4 | 84.24 | 30.02 | 8.93 | 0 |
| 20Q3 (4) | 7.61 | 249.08 | 0.0 | 56.01 | 7.01 | 0.0 | 17.93 | 121.63 | 0.0 | 17.34 | 385.71 | 0.0 | 13.71 | 235.21 | 0.0 | 8.69 | 323.9 | 0.0 | 3.30 | 266.67 | 0.0 | 0.23 | 27.78 | 0.0 | 29.71 | 36.03 | 0.0 | 162.27 | -11.29 | 0.0 | 103.59 | -53.82 | 0.0 | -3.59 | 97.18 | 0.0 | 27.56 | 0 | 0.0 |
| 20Q2 (3) | 2.18 | 74.4 | 0.0 | 52.34 | 4.95 | 0.0 | 8.09 | 127.25 | 0.0 | 3.57 | 14.79 | 0.0 | 4.09 | 57.31 | 0.0 | 2.05 | 52.99 | 0.0 | 0.90 | 45.16 | 0.0 | 0.18 | -5.26 | 0.0 | 21.84 | 7.43 | 0.0 | 182.93 | 10.61 | 0.0 | 224.32 | 95.56 | 0.0 | -127.03 | -763.78 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.25 | -38.12 | 0.0 | 49.87 | -2.6 | 0.0 | 3.56 | -37.98 | 0.0 | 3.11 | -38.54 | 0.0 | 2.60 | -35.8 | 0.0 | 1.34 | -40.44 | 0.0 | 0.62 | -36.73 | 0.0 | 0.19 | -9.52 | 0.0 | 20.33 | -5.44 | 0.0 | 165.39 | -6.6 | 0.0 | 114.71 | 0.8 | 0.0 | -14.71 | -6.62 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 2.02 | 0.0 | 0.0 | 51.20 | 0.0 | 0.0 | 5.74 | 0.0 | 0.0 | 5.06 | 0.0 | 0.0 | 4.05 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 21.50 | 0.0 | 0.0 | 177.07 | 0.0 | 0.0 | 113.79 | 0.0 | 0.0 | -13.79 | 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) | 12.37 | 241.71 | 52.23 | 6.16 | 9.77 | 163.34 | 10.69 | -12.7 | 9.61 | 191.21 | 7.58 | 210.66 | 18.20 | 242.75 | 9.30 | 241.91 | 1.19 | 26.6 | 21.07 | 28.87 | 104.21 | 4.19 | 101.64 | -9.25 | -1.82 | 0 | 2.21 | 406.18 | 31.84 | -3.25 |
| 2022 (9) | 3.62 | -48.58 | 49.20 | -0.85 | 3.71 | 2.49 | 12.25 | -12.94 | 3.30 | -26.99 | 2.44 | -35.96 | 5.31 | -31.48 | 2.72 | -19.05 | 0.94 | 22.08 | 16.35 | -16.28 | 100.02 | -40.41 | 112.00 | 39.82 | -12.00 | 0 | 0.44 | 22.69 | 32.91 | -1.44 |
| 2021 (8) | 7.04 | -55.86 | 49.62 | -6.64 | 3.62 | -66.2 | 14.07 | -0.95 | 4.52 | -51.76 | 3.81 | -51.28 | 7.75 | -53.92 | 3.36 | -49.85 | 0.77 | -3.75 | 19.53 | -20.51 | 167.85 | 3.63 | 80.10 | -29.95 | 19.90 | 0 | 0.36 | 6.26 | 33.39 | 6.44 |
| 2020 (7) | 15.95 | 2.84 | 53.15 | 0.28 | 10.71 | 10.53 | 14.21 | 2.97 | 9.37 | 2.18 | 7.82 | 6.83 | 16.82 | -3.17 | 6.70 | -25.8 | 0.80 | -31.03 | 24.57 | 3.63 | 161.97 | -8.53 | 114.35 | 8.09 | -14.35 | 0 | 0.34 | -6.17 | 31.37 | -3.51 |
| 2019 (6) | 15.51 | 2.24 | 53.00 | -1.58 | 9.69 | -5.28 | 13.80 | 149.31 | 9.17 | -10.62 | 7.32 | -10.73 | 17.37 | -2.53 | 9.03 | -36.72 | 1.16 | -32.95 | 23.71 | 48.0 | 177.07 | 547.9 | 105.79 | 6.03 | -5.57 | 0 | 0.36 | -61.99 | 32.51 | -0.18 |
| 2018 (5) | 15.17 | 7.44 | 53.85 | 0.99 | 10.23 | 5.68 | 5.53 | 0.12 | 10.26 | 5.12 | 8.20 | 2.63 | 17.82 | 4.45 | 14.27 | 2.81 | 1.73 | 0.0 | 16.02 | 2.96 | 27.33 | 17.2 | 99.77 | 0.53 | 0.23 | -69.69 | 0.94 | 0 | 32.57 | -0.91 |
| 2017 (4) | 14.12 | 7.62 | 53.32 | 2.52 | 9.68 | 2.33 | 5.53 | -0.02 | 9.76 | 1.77 | 7.99 | 0.88 | 17.06 | 4.28 | 13.88 | 4.75 | 1.73 | 3.59 | 15.56 | 1.63 | 23.32 | -0.26 | 99.25 | 0.34 | 0.75 | -44.79 | 0.00 | 0 | 32.87 | 3.66 |
| 2016 (3) | 13.12 | 9.33 | 52.01 | 0.93 | 9.46 | 0.42 | 5.53 | 6.64 | 9.59 | -1.94 | 7.92 | -2.1 | 16.36 | 6.3 | 13.25 | 5.92 | 1.67 | 8.44 | 15.31 | 1.46 | 23.38 | -4.92 | 98.92 | 2.87 | 1.36 | -64.77 | 0.00 | 0 | 31.71 | 1.63 |
| 2015 (2) | 12.00 | 10.19 | 51.53 | 0.12 | 9.42 | -6.18 | 5.18 | 10.73 | 9.78 | -6.86 | 8.09 | -7.22 | 15.39 | 7.17 | 12.51 | 4.69 | 1.54 | 12.41 | 15.09 | -1.24 | 24.59 | 10.32 | 96.15 | 0.43 | 3.85 | -9.76 | 0.00 | 0 | 31.20 | 0.52 |
| 2014 (1) | 10.89 | 3.71 | 51.47 | 0 | 10.04 | 0 | 4.68 | 14.9 | 10.50 | 0 | 8.72 | 0 | 14.36 | 0 | 11.95 | 0 | 1.37 | 18.1 | 15.28 | -10.06 | 22.29 | 19.33 | 95.74 | 0.85 | 4.26 | -15.89 | 0.00 | 0 | 31.04 | 0.55 |
