- 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) | 0.42 | -41.67 | 20.0 | 55.31 | 1.17 | 5.25 | 7.37 | -24.72 | 15.7 | 9.13 | -18.19 | 30.62 | 7.31 | -18.14 | 29.84 | 2.02 | -45.99 | 8.6 | 1.46 | -38.14 | 8.15 | 0.19 | -26.92 | -20.83 | 13.65 | -8.02 | 22.09 | 35.11 | -36.2 | -15.42 | 78.79 | -10.22 | -14.05 | 18.18 | 48.48 | 118.18 | 30.60 | 1.83 | 4.12 |
| 24Q2 (19) | 0.72 | -47.83 | -36.28 | 54.67 | 2.71 | 2.51 | 9.79 | -41.38 | -36.22 | 11.16 | -39.81 | -35.86 | 8.93 | -39.78 | -35.94 | 3.74 | -46.88 | -40.06 | 2.36 | -48.58 | -45.5 | 0.26 | -16.13 | -16.13 | 14.84 | -30.46 | -27.93 | 55.03 | -22.79 | 42.45 | 87.76 | -2.95 | -0.63 | 12.24 | 27.89 | 4.76 | 30.05 | 28.91 | 27.17 |
| 24Q1 (18) | 1.38 | -28.13 | 14.05 | 53.23 | -2.31 | 4.27 | 16.70 | -19.13 | 13.22 | 18.54 | -16.97 | 4.8 | 14.83 | -16.92 | 4.81 | 7.04 | -27.12 | 6.83 | 4.59 | -33.77 | -1.71 | 0.31 | -18.42 | -6.06 | 21.34 | -14.5 | 5.12 | 71.27 | 74.81 | 40.1 | 90.43 | -2.9 | 8.77 | 9.57 | 25.43 | -43.24 | 23.31 | 15.45 | -0.98 |
| 23Q4 (17) | 1.92 | 448.57 | 12.28 | 54.49 | 3.69 | 2.27 | 20.65 | 224.18 | -1.1 | 22.33 | 219.46 | 4.25 | 17.85 | 217.05 | 4.26 | 9.66 | 419.35 | 4.09 | 6.93 | 413.33 | -0.14 | 0.38 | 58.33 | -5.0 | 24.96 | 123.26 | 5.63 | 40.77 | -1.78 | 25.21 | 93.13 | 1.6 | -4.42 | 7.63 | -8.4 | 197.71 | 20.19 | -31.3 | 2.85 |
| 23Q3 (16) | 0.35 | -69.03 | -48.53 | 52.55 | -1.46 | 1.88 | 6.37 | -58.5 | -46.56 | 6.99 | -59.83 | -46.02 | 5.63 | -59.61 | -45.66 | 1.86 | -70.19 | -52.79 | 1.35 | -68.82 | -54.08 | 0.24 | -22.58 | -14.29 | 11.18 | -45.7 | -29.77 | 41.51 | 7.46 | 14.32 | 91.67 | 3.8 | -1.94 | 8.33 | -28.7 | -4.17 | 29.39 | 24.38 | 14.18 |
| 23Q2 (15) | 1.13 | -6.61 | 391.3 | 53.33 | 4.47 | 2.68 | 15.35 | 4.07 | 228.69 | 17.40 | -1.64 | 212.95 | 13.94 | -1.48 | 213.26 | 6.24 | -5.31 | 355.47 | 4.33 | -7.28 | 333.0 | 0.31 | -6.06 | 40.91 | 20.59 | 1.43 | 124.05 | 38.63 | -24.06 | 16.64 | 88.31 | 6.23 | 8.69 | 11.69 | -30.71 | -37.66 | 23.63 | 0.38 | -24.43 |
| 23Q1 (14) | 1.21 | -29.24 | 80.6 | 51.05 | -4.19 | 4.44 | 14.75 | -29.36 | 43.62 | 17.69 | -17.41 | 50.68 | 14.15 | -17.35 | 50.69 | 6.59 | -28.99 | 72.06 | 4.67 | -32.71 | 66.19 | 0.33 | -17.5 | 10.0 | 20.30 | -14.09 | 43.16 | 50.87 | 56.23 | 18.25 | 83.13 | -14.68 | -4.4 | 16.87 | 557.83 | 29.32 | 23.54 | 19.92 | -11.5 |
| 22Q4 (13) | 1.71 | 151.47 | -7.57 | 53.28 | 3.3 | 1.95 | 20.88 | 75.17 | -2.75 | 21.42 | 65.41 | -6.09 | 17.12 | 65.25 | -8.69 | 9.28 | 135.53 | -13.51 | 6.94 | 136.05 | -11.59 | 0.40 | 42.86 | -4.76 | 23.63 | 48.43 | -2.76 | 32.56 | -10.33 | 4.86 | 97.44 | 4.23 | 3.32 | 2.56 | -70.51 | -54.95 | 19.63 | -23.74 | -0.91 |
| 22Q3 (12) | 0.68 | 195.65 | 325.0 | 51.58 | -0.69 | 8.25 | 11.92 | 155.25 | 242.07 | 12.95 | 132.91 | 242.59 | 10.36 | 132.81 | 157.71 | 3.94 | 187.59 | 306.19 | 2.94 | 194.0 | 302.74 | 0.28 | 27.27 | 55.56 | 15.92 | 73.23 | 112.83 | 36.31 | 9.63 | -17.38 | 93.48 | 15.05 | 141.55 | 8.70 | -53.62 | -97.32 | 25.74 | -17.68 | -34.95 |
| 22Q2 (11) | 0.23 | -65.67 | 221.05 | 51.94 | 6.26 | 3.26 | 4.67 | -54.53 | 158.67 | 5.56 | -52.64 | 188.11 | 4.45 | -52.61 | 188.12 | 1.37 | -64.23 | 216.1 | 1.00 | -64.41 | 212.36 | 0.22 | -26.67 | 22.22 | 9.19 | -35.19 | 479.75 | 33.12 | -23.01 | 21.54 | 81.25 | -6.56 | -37.87 | 18.75 | 43.75 | 181.25 | 31.27 | 17.56 | -22.14 |
| 22Q1 (10) | 0.67 | -63.78 | -4.29 | 48.88 | -6.47 | 2.97 | 10.27 | -52.17 | -3.93 | 11.74 | -48.53 | -3.53 | 9.39 | -49.92 | -3.59 | 3.83 | -64.31 | -8.59 | 2.81 | -64.2 | -12.46 | 0.30 | -28.57 | -9.09 | 14.18 | -41.65 | -2.0 | 43.02 | 38.55 | 24.59 | 86.96 | -7.8 | -0.62 | 13.04 | 129.19 | 4.35 | 26.60 | 34.28 | 1.45 |
| 21Q4 (9) | 1.85 | 1056.25 | 38.06 | 52.26 | 9.67 | 4.65 | 21.47 | 355.9 | 21.3 | 22.81 | 503.44 | 20.94 | 18.75 | 366.42 | 24.67 | 10.73 | 1006.19 | 32.14 | 7.85 | 975.34 | 29.11 | 0.42 | 133.33 | 5.0 | 24.30 | 224.87 | 16.05 | 31.05 | -29.35 | 14.15 | 94.31 | 141.92 | 0.89 | 5.69 | -98.25 | -12.74 | 19.81 | -49.94 | -3.22 |
| 21Q3 (8) | 0.16 | 184.21 | 60.0 | 47.65 | -5.27 | 0.0 | -8.39 | -5.4 | -735.61 | 3.78 | 159.9 | 44.27 | 4.02 | 179.6 | 91.43 | 0.97 | 182.2 | 46.97 | 0.73 | 182.02 | 46.0 | 0.18 | 0.0 | -21.74 | 7.48 | 409.09 | 19.68 | 43.95 | 61.28 | 5.83 | -225.00 | -272.06 | -493.75 | 325.00 | 1508.33 | 468.75 | 39.57 | -1.47 | 26.5 |
| 21Q2 (7) | -0.19 | -127.14 | -176.0 | 50.30 | 5.96 | 10.92 | -7.96 | -174.46 | -301.52 | -6.31 | -151.85 | -216.42 | -5.05 | -151.85 | -216.63 | -1.18 | -128.16 | -177.12 | -0.89 | -127.73 | -175.42 | 0.18 | -45.45 | -33.33 | -2.42 | -116.72 | -128.95 | 27.25 | -21.08 | -21.4 | 130.77 | 49.45 | 85.26 | -23.08 | -284.62 | -178.46 | 40.16 | 53.17 | 0 |
| 21Q1 (6) | 0.70 | -47.76 | 975.0 | 47.47 | -4.95 | 11.35 | 10.69 | -39.6 | 642.64 | 12.17 | -35.47 | 815.88 | 9.74 | -35.24 | 816.18 | 4.19 | -48.4 | 1010.87 | 3.21 | -47.2 | 1103.12 | 0.33 | -17.5 | 32.0 | 14.47 | -30.9 | 787.73 | 34.53 | 26.95 | 16.11 | 87.50 | -6.4 | -27.08 | 12.50 | 91.67 | 162.5 | 26.22 | 28.09 | -15.28 |
| 20Q4 (5) | 1.34 | 1240.0 | 61.45 | 49.94 | 4.81 | 4.3 | 17.70 | 1240.91 | 47.13 | 18.86 | 619.85 | 47.0 | 15.04 | 616.19 | 46.45 | 8.12 | 1130.3 | 58.59 | 6.08 | 1116.0 | 68.42 | 0.40 | 73.91 | 14.29 | 20.94 | 235.04 | 36.42 | 27.20 | -34.51 | -31.05 | 93.48 | 63.59 | 0.53 | 6.52 | -88.59 | -7.07 | 20.47 | -34.56 | -10.73 |
| 20Q3 (4) | 0.10 | -60.0 | 0.0 | 47.65 | 5.07 | 0.0 | 1.32 | -66.58 | 0.0 | 2.62 | -51.66 | 0.0 | 2.10 | -51.5 | 0.0 | 0.66 | -56.86 | 0.0 | 0.50 | -57.63 | 0.0 | 0.23 | -14.81 | 0.0 | 6.25 | -25.24 | 0.0 | 41.53 | 19.79 | 0.0 | 57.14 | -19.05 | 0.0 | 57.14 | 94.29 | 0.0 | 31.28 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | 412.5 | 0.0 | 45.35 | 6.38 | 0.0 | 3.95 | 300.51 | 0.0 | 5.42 | 418.82 | 0.0 | 4.33 | 418.38 | 0.0 | 1.53 | 432.61 | 0.0 | 1.18 | 468.75 | 0.0 | 0.27 | 8.0 | 0.0 | 8.36 | 412.88 | 0.0 | 34.67 | 16.58 | 0.0 | 70.59 | -41.18 | 0.0 | 29.41 | 247.06 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.08 | -109.64 | 0.0 | 42.63 | -10.96 | 0.0 | -1.97 | -116.38 | 0.0 | -1.70 | -113.25 | 0.0 | -1.36 | -113.24 | 0.0 | -0.46 | -108.98 | 0.0 | -0.32 | -108.86 | 0.0 | 0.25 | -28.57 | 0.0 | 1.63 | -89.38 | 0.0 | 29.74 | -24.61 | 0.0 | 120.00 | 29.06 | 0.0 | -20.00 | -385.0 | 0.0 | 30.95 | 34.98 | 0.0 |
| 19Q4 (1) | 0.83 | 0.0 | 0.0 | 47.88 | 0.0 | 0.0 | 12.03 | 0.0 | 0.0 | 12.83 | 0.0 | 0.0 | 10.27 | 0.0 | 0.0 | 5.12 | 0.0 | 0.0 | 3.61 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 15.35 | 0.0 | 0.0 | 39.45 | 0.0 | 0.0 | 92.98 | 0.0 | 0.0 | 7.02 | 0.0 | 0.0 | 22.93 | 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) | 4.61 | 40.12 | 52.98 | 2.73 | 15.23 | 14.34 | 2.72 | 9.93 | 17.13 | 20.13 | 13.71 | 20.16 | 22.99 | 30.92 | 16.92 | 26.46 | 1.23 | 5.13 | 20.13 | 18.83 | 40.77 | 25.21 | 88.89 | -4.76 | 11.11 | 66.67 | 0.37 | -41.82 | 23.57 | -5.07 |
| 2022 (9) | 3.29 | 30.56 | 51.57 | 3.47 | 13.32 | 46.21 | 2.47 | 11.77 | 14.26 | 16.41 | 11.41 | 12.3 | 17.56 | 23.14 | 13.38 | 20.65 | 1.17 | 7.34 | 16.94 | 15.32 | 32.56 | 4.86 | 93.33 | 25.96 | 6.67 | -74.26 | 0.64 | 19.56 | 24.83 | -11.04 |
| 2021 (8) | 2.52 | 56.52 | 49.84 | 6.45 | 9.11 | 30.7 | 2.21 | -19.83 | 12.25 | 52.55 | 10.16 | 58.5 | 14.26 | 49.48 | 11.09 | 52.97 | 1.09 | -2.68 | 14.69 | 34.77 | 31.05 | 14.15 | 74.10 | -15.1 | 25.90 | 89.96 | 0.54 | -28.56 | 27.91 | 4.69 |
| 2020 (7) | 1.61 | 15.0 | 46.82 | 0.06 | 6.97 | 50.22 | 2.76 | -5.69 | 8.03 | 15.04 | 6.41 | 14.46 | 9.54 | 13.84 | 7.25 | 16.94 | 1.12 | 3.7 | 10.90 | 8.67 | 27.20 | -31.05 | 87.27 | 31.6 | 13.64 | -59.52 | 0.75 | 0 | 26.66 | -5.49 |
| 2019 (6) | 1.40 | -8.5 | 46.79 | -2.22 | 4.64 | -36.26 | 2.93 | 36.9 | 6.98 | -11.42 | 5.60 | -12.09 | 8.38 | -8.62 | 6.20 | -10.14 | 1.08 | 0.93 | 10.03 | -1.28 | 39.45 | 4.61 | 66.32 | -28.1 | 33.68 | 333.68 | 0.00 | 0 | 28.21 | 1.55 |
| 2018 (5) | 1.53 | 15.91 | 47.85 | -0.4 | 7.28 | 30.0 | 2.14 | -26.99 | 7.88 | 16.91 | 6.37 | 14.36 | 9.17 | 12.65 | 6.90 | 12.38 | 1.07 | -0.93 | 10.16 | 3.78 | 37.71 | 19.3 | 92.23 | 9.92 | 7.77 | -54.95 | 0.00 | 0 | 27.78 | -5.09 |
| 2017 (4) | 1.32 | 23.36 | 48.04 | 3.11 | 5.60 | 37.25 | 2.93 | -20.04 | 6.74 | 24.81 | 5.57 | 24.33 | 8.14 | 22.78 | 6.14 | 27.65 | 1.08 | 2.86 | 9.79 | 5.95 | 31.61 | -18.47 | 83.91 | 12.41 | 17.24 | -27.99 | 0.00 | 0 | 29.27 | 1.7 |
| 2016 (3) | 1.07 | -27.21 | 46.59 | -0.77 | 4.08 | 8.51 | 3.66 | 2.89 | 5.40 | -23.4 | 4.48 | -23.16 | 6.63 | -25.59 | 4.81 | -24.01 | 1.05 | -1.87 | 9.24 | -13.48 | 38.77 | -12.38 | 74.65 | 39.25 | 23.94 | -48.39 | 0.00 | 0 | 28.78 | -1.51 |
| 2015 (2) | 1.47 | 18.55 | 46.95 | 1.71 | 3.76 | -3.34 | 3.56 | 26.14 | 7.05 | 15.76 | 5.83 | 16.14 | 8.91 | 18.96 | 6.33 | 14.67 | 1.07 | -0.93 | 10.68 | 17.88 | 44.25 | 4.17 | 53.61 | -15.46 | 46.39 | 26.8 | 0.00 | 0 | 29.22 | 0.17 |
| 2014 (1) | 1.24 | 44.19 | 46.16 | 0 | 3.89 | 0 | 2.82 | 1.94 | 6.09 | 0 | 5.02 | 0 | 7.49 | 0 | 5.52 | 0 | 1.08 | 0.93 | 9.06 | 26.01 | 42.48 | 22.46 | 63.41 | 12.96 | 36.59 | -16.59 | 0.00 | 0 | 29.17 | -0.14 |
