- 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) | 1.45 | -3.33 | -28.57 | 51.98 | 0.85 | 2.85 | 7.85 | 10.25 | -16.67 | 7.77 | -2.26 | -29.87 | 6.44 | -0.62 | -32.49 | 3.00 | -2.28 | -34.21 | 1.45 | -0.68 | -36.4 | 0.20 | 0.0 | -13.04 | 17.41 | -2.68 | -6.65 | 129.52 | -1.1 | 14.64 | 101.22 | 12.31 | 18.78 | -1.22 | -112.35 | -108.25 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.50 | 21.95 | -18.03 | 51.54 | 4.8 | 8.8 | 7.12 | 135.76 | -23.61 | 7.95 | 19.19 | -25.56 | 6.48 | 19.12 | -28.95 | 3.07 | 25.82 | -29.75 | 1.46 | 19.67 | -33.03 | 0.20 | 5.26 | -13.04 | 17.89 | 5.92 | 3.29 | 130.96 | -6.23 | 21.83 | 90.12 | 102.0 | 3.4 | 9.88 | -81.66 | -23.1 | 23.87 | -9.75 | 10.66 |
| 24Q1 (18) | 1.23 | 19.42 | -19.61 | 49.18 | -0.43 | 3.93 | 3.02 | -45.68 | -71.07 | 6.67 | 14.21 | -31.45 | 5.44 | 11.02 | -33.9 | 2.44 | 4.27 | -37.6 | 1.22 | 0.83 | -37.76 | 0.19 | -13.64 | -17.39 | 16.89 | 10.61 | 4.71 | 139.66 | 9.83 | 22.62 | 44.62 | -53.08 | -58.39 | 53.85 | 994.87 | 846.15 | 26.45 | 14.4 | 17.82 |
| 23Q4 (17) | 1.03 | -49.26 | -50.72 | 49.39 | -2.28 | -0.86 | 5.56 | -40.98 | -54.24 | 5.84 | -47.29 | -49.79 | 4.90 | -48.64 | -48.8 | 2.34 | -48.68 | -51.45 | 1.21 | -46.93 | -48.95 | 0.22 | -4.35 | -8.33 | 15.27 | -18.12 | -16.6 | 127.16 | 12.55 | 24.47 | 95.08 | 11.58 | -8.63 | 4.92 | -66.73 | 200.82 | 23.12 | 5.04 | 12.51 |
| 23Q3 (16) | 2.03 | 10.93 | -11.74 | 50.54 | 6.69 | 16.24 | 9.42 | 1.07 | -4.37 | 11.08 | 3.75 | -6.42 | 9.54 | 4.61 | 1.17 | 4.56 | 4.35 | -14.45 | 2.28 | 4.59 | -8.43 | 0.23 | 0.0 | -11.54 | 18.65 | 7.68 | 4.13 | 112.98 | 5.11 | -9.1 | 85.22 | -2.22 | 2.72 | 14.78 | 15.09 | -13.23 | 22.01 | 2.04 | 15.78 |
| 23Q2 (15) | 1.83 | 19.61 | 37.59 | 47.37 | 0.11 | 13.49 | 9.32 | -10.73 | 43.83 | 10.68 | 9.76 | 47.72 | 9.12 | 10.81 | 85.37 | 4.37 | 11.76 | 70.04 | 2.18 | 11.22 | 71.65 | 0.23 | 0.0 | -4.17 | 17.32 | 7.38 | 21.46 | 107.49 | -5.63 | -8.97 | 87.16 | -18.71 | -3.74 | 12.84 | 277.98 | 18.81 | 21.57 | -3.92 | 3.06 |
| 23Q1 (14) | 1.53 | -26.79 | 80.0 | 47.32 | -5.02 | 15.87 | 10.44 | -14.07 | 161.0 | 9.73 | -16.34 | 80.19 | 8.23 | -14.0 | 118.88 | 3.91 | -18.88 | 113.66 | 1.96 | -17.3 | 106.32 | 0.23 | -4.17 | -4.17 | 16.13 | -11.91 | 28.22 | 113.90 | 11.49 | 1.07 | 107.22 | 3.03 | 45.7 | -7.22 | -47.94 | -127.32 | 22.45 | 9.25 | 5.85 |
| 22Q4 (13) | 2.09 | -9.13 | 24.4 | 49.82 | 14.58 | 12.56 | 12.15 | 23.35 | 26.69 | 11.63 | -1.77 | 19.4 | 9.57 | 1.48 | 43.05 | 4.82 | -9.57 | 26.51 | 2.37 | -4.82 | 22.16 | 0.24 | -7.69 | -11.11 | 18.31 | 2.23 | 10.23 | 102.16 | -17.81 | 2.74 | 104.07 | 25.44 | 5.96 | -4.88 | -128.63 | -373.17 | 20.55 | 8.1 | 13.47 |
| 22Q3 (12) | 2.30 | 72.93 | 434.88 | 43.48 | 4.17 | 13.76 | 9.85 | 52.01 | 613.77 | 11.84 | 63.76 | 2092.59 | 9.43 | 91.67 | 1445.9 | 5.33 | 107.39 | 1676.67 | 2.49 | 96.06 | 982.61 | 0.26 | 8.33 | 18.18 | 17.91 | 25.6 | 104.22 | 124.29 | 5.26 | 6.03 | 82.96 | -8.37 | -70.37 | 17.04 | 57.59 | 110.65 | 19.01 | -9.17 | -1.86 |
| 22Q2 (11) | 1.33 | 56.47 | 232.5 | 41.74 | 2.2 | 6.32 | 6.48 | 62.0 | 140.0 | 7.23 | 33.89 | 259.7 | 4.92 | 30.85 | 331.58 | 2.57 | 40.44 | 367.27 | 1.27 | 33.68 | 284.85 | 0.24 | 0.0 | 14.29 | 14.26 | 13.35 | 28.7 | 118.08 | 4.78 | -9.47 | 90.54 | 23.04 | -33.84 | 10.81 | -59.07 | 129.34 | 20.93 | -1.32 | -4.25 |
| 22Q1 (10) | 0.85 | -49.4 | 44.07 | 40.84 | -7.73 | -1.97 | 4.00 | -58.29 | 1.01 | 5.40 | -44.56 | 38.82 | 3.76 | -43.8 | 42.42 | 1.83 | -51.97 | 27.97 | 0.95 | -51.03 | 28.38 | 0.24 | -11.11 | 0.0 | 12.58 | -24.26 | 0.16 | 112.69 | 13.32 | -10.97 | 73.58 | -25.08 | -28.13 | 26.42 | 1379.25 | 1209.43 | 21.21 | 17.12 | 1.58 |
| 21Q4 (9) | 1.68 | 290.7 | 44.83 | 44.26 | 15.8 | 2.83 | 9.59 | 594.93 | 90.28 | 9.74 | 1703.7 | 197.86 | 6.69 | 996.72 | 62.38 | 3.81 | 1170.0 | 51.79 | 1.94 | 743.48 | 43.7 | 0.27 | 22.73 | 8.0 | 16.61 | 89.4 | 35.7 | 99.44 | -15.17 | -15.31 | 98.21 | -64.92 | -36.74 | 1.79 | 101.12 | 103.23 | 18.11 | -6.5 | 3.19 |
| 21Q3 (8) | 0.43 | 7.5 | -68.61 | 38.22 | -2.65 | -5.84 | 1.38 | -48.89 | -84.25 | 0.54 | -73.13 | -93.16 | 0.61 | -46.49 | -89.03 | 0.30 | -45.45 | -92.63 | 0.23 | -30.3 | -85.71 | 0.22 | 4.76 | -18.52 | 8.77 | -20.85 | -46.26 | 117.22 | -10.13 | -30.82 | 280.00 | 104.62 | 152.74 | -160.00 | -334.29 | -1383.64 | 19.37 | -11.39 | 15.5 |
| 21Q2 (7) | 0.40 | -32.2 | 14.29 | 39.26 | -5.76 | -1.16 | 2.70 | -31.82 | -51.26 | 2.01 | -48.33 | -54.83 | 1.14 | -56.82 | -66.86 | 0.55 | -61.54 | -64.97 | 0.33 | -55.41 | -59.76 | 0.21 | -12.5 | 5.0 | 11.08 | -11.78 | -34.52 | 130.43 | 3.04 | -10.73 | 136.84 | 33.66 | 10.64 | -36.84 | -1447.37 | -55.56 | 21.86 | 4.69 | 0 |
| 21Q1 (6) | 0.59 | -49.14 | 195.0 | 41.66 | -3.21 | -9.26 | 3.96 | -21.43 | 71.43 | 3.89 | 18.96 | 166.44 | 2.64 | -35.92 | 613.51 | 1.43 | -43.03 | 793.75 | 0.74 | -45.19 | 252.38 | 0.24 | -4.0 | 14.29 | 12.56 | 2.61 | -8.92 | 126.58 | 7.8 | 20.62 | 102.38 | -34.06 | -33.45 | -2.38 | 95.69 | 95.58 | 20.88 | 18.97 | -15.84 |
| 20Q4 (5) | 1.16 | -15.33 | -43.41 | 43.04 | 6.04 | -7.24 | 5.04 | -42.47 | -52.09 | 3.27 | -58.56 | -64.3 | 4.12 | -25.9 | -39.14 | 2.51 | -38.33 | -42.3 | 1.35 | -16.15 | -40.79 | 0.25 | -7.41 | -21.88 | 12.24 | -25.0 | -30.18 | 117.42 | -30.7 | 17.75 | 155.26 | 40.15 | 34.25 | -55.26 | -412.44 | -273.84 | 17.55 | 4.65 | 0.17 |
| 20Q3 (4) | 1.37 | 291.43 | 0.0 | 40.59 | 2.19 | 0.0 | 8.76 | 58.12 | 0.0 | 7.89 | 77.3 | 0.0 | 5.56 | 61.63 | 0.0 | 4.07 | 159.24 | 0.0 | 1.61 | 96.34 | 0.0 | 0.27 | 35.0 | 0.0 | 16.32 | -3.55 | 0.0 | 169.43 | 15.97 | 0.0 | 110.78 | -10.43 | 0.0 | -10.78 | 54.47 | 0.0 | 16.77 | 0 | 0.0 |
| 20Q2 (3) | 0.35 | 75.0 | 0.0 | 39.72 | -13.48 | 0.0 | 5.54 | 139.83 | 0.0 | 4.45 | 204.79 | 0.0 | 3.44 | 829.73 | 0.0 | 1.57 | 881.25 | 0.0 | 0.82 | 290.48 | 0.0 | 0.20 | -4.76 | 0.0 | 16.92 | 22.7 | 0.0 | 146.10 | 39.22 | 0.0 | 123.68 | -19.61 | 0.0 | -23.68 | 56.02 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.20 | -90.24 | 0.0 | 45.91 | -1.06 | 0.0 | 2.31 | -78.04 | 0.0 | 1.46 | -84.06 | 0.0 | 0.37 | -94.53 | 0.0 | 0.16 | -96.32 | 0.0 | 0.21 | -90.79 | 0.0 | 0.21 | -34.38 | 0.0 | 13.79 | -21.33 | 0.0 | 104.94 | 5.23 | 0.0 | 153.85 | 33.02 | 0.0 | -53.85 | -264.25 | 0.0 | 24.81 | 41.61 | 0.0 |
| 19Q4 (1) | 2.05 | 0.0 | 0.0 | 46.40 | 0.0 | 0.0 | 10.52 | 0.0 | 0.0 | 9.16 | 0.0 | 0.0 | 6.77 | 0.0 | 0.0 | 4.35 | 0.0 | 0.0 | 2.28 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 17.53 | 0.0 | 0.0 | 99.72 | 0.0 | 0.0 | 115.65 | 0.0 | 0.0 | -14.78 | 0.0 | 0.0 | 17.52 | 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) | 6.42 | -2.13 | 48.68 | 10.56 | 8.66 | 5.22 | 5.93 | 7.68 | 9.32 | 1.86 | 7.94 | 12.94 | 14.93 | 6.95 | 7.39 | 1.37 | 0.88 | -11.11 | 16.85 | 6.38 | 127.16 | 24.47 | 92.93 | 3.11 | 7.07 | -30.23 | 16.52 | -14.43 | 22.29 | 9.37 |
| 2022 (9) | 6.56 | 112.99 | 44.03 | 7.34 | 8.23 | 78.14 | 5.51 | -19.76 | 9.15 | 113.79 | 7.03 | 139.93 | 13.96 | 136.61 | 7.29 | 125.7 | 0.99 | 3.13 | 15.84 | 27.33 | 102.16 | 2.74 | 90.13 | -16.41 | 10.13 | 0 | 19.31 | -7.65 | 20.38 | 1.95 |
| 2021 (8) | 3.08 | 0.0 | 41.02 | -2.8 | 4.62 | -19.37 | 6.87 | -19.12 | 4.28 | -6.35 | 2.93 | -19.95 | 5.90 | -20.91 | 3.23 | -20.44 | 0.96 | 3.23 | 12.44 | -15.78 | 99.44 | -15.31 | 107.82 | -14.28 | -7.82 | 0 | 20.91 | 4.53 | 19.99 | 1.73 |
| 2020 (7) | 3.08 | -68.25 | 42.20 | -9.83 | 5.73 | -52.68 | 8.49 | 22.66 | 4.57 | -60.74 | 3.66 | -58.08 | 7.46 | -69.31 | 4.06 | -67.13 | 0.93 | -31.62 | 14.77 | -24.22 | 117.42 | -5.23 | 125.79 | 20.97 | -25.79 | 0 | 20.00 | 44.04 | 19.65 | 12.09 |
| 2019 (6) | 9.70 | 117.49 | 46.80 | -1.47 | 12.11 | 64.31 | 6.92 | 96.23 | 11.64 | 64.17 | 8.73 | 77.8 | 24.31 | 76.8 | 12.35 | 53.61 | 1.36 | -13.92 | 19.49 | 71.27 | 123.90 | 55.05 | 103.99 | -0.04 | -3.99 | 0 | 13.89 | -27.16 | 17.53 | -25.34 |
| 2018 (5) | 4.46 | -11.16 | 47.50 | -13.4 | 7.37 | -26.88 | 3.53 | -20.63 | 7.09 | -21.48 | 4.91 | -33.83 | 13.75 | -18.35 | 8.04 | -21.18 | 1.58 | 19.7 | 11.38 | -18.77 | 79.91 | 6.46 | 104.03 | -6.7 | -4.03 | 0 | 19.06 | 0 | 23.48 | -6.04 |
| 2017 (4) | 5.02 | 4.15 | 54.85 | 1.24 | 10.08 | -4.18 | 4.44 | 2.25 | 9.03 | -5.15 | 7.42 | -2.75 | 16.84 | -2.49 | 10.20 | -10.53 | 1.32 | -7.04 | 14.01 | -4.43 | 75.06 | 11.81 | 111.50 | 0.86 | -11.50 | 0 | 0.00 | 0 | 24.99 | 3.14 |
| 2016 (3) | 4.82 | -4.74 | 54.18 | -3.7 | 10.52 | 12.03 | 4.35 | 30.45 | 9.52 | -9.33 | 7.63 | -8.73 | 17.27 | -10.61 | 11.40 | -8.95 | 1.42 | -3.4 | 14.66 | 3.9 | 67.13 | 30.7 | 110.55 | 23.39 | -10.55 | 0 | 0.00 | 0 | 24.23 | 5.9 |
| 2015 (2) | 5.06 | -11.38 | 56.26 | -2.0 | 9.39 | -12.41 | 3.33 | -4.0 | 10.50 | -13.22 | 8.36 | -11.53 | 19.32 | -23.45 | 12.52 | -20.25 | 1.47 | -10.37 | 14.11 | -11.03 | 51.36 | -20.75 | 89.60 | 1.46 | 10.40 | -6.36 | 0.00 | 0 | 22.88 | 14.8 |
| 2014 (1) | 5.71 | -20.36 | 57.41 | 0 | 10.72 | 0 | 3.47 | -6.87 | 12.10 | 0 | 9.45 | 0 | 25.24 | 0 | 15.70 | 0 | 1.64 | -3.53 | 15.86 | -21.45 | 64.81 | 6.72 | 88.30 | -14.0 | 11.11 | 0 | 0.00 | 0 | 19.93 | 4.78 |
