- 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) | 1.80 | 30.43 | 63.64 | 17.06 | 5.83 | -0.35 | 5.71 | 21.75 | 1.06 | 11.91 | 55.69 | 106.06 | 9.70 | 62.75 | 124.54 | 3.31 | 67.17 | 120.67 | 2.21 | 64.93 | 114.56 | 0.22 | 4.76 | 0.0 | 17.65 | 27.9 | 53.61 | 54.24 | -8.59 | -4.61 | 48.03 | -21.64 | -50.74 | 52.22 | 34.89 | 2510.84 | 10.96 | 6.72 | 12.87 |
| 24Q2 (19) | 1.38 | 5.34 | 2.99 | 16.12 | -5.45 | -13.05 | 4.69 | -14.42 | -26.72 | 7.65 | -15.75 | 12.33 | 5.96 | -15.46 | 21.88 | 1.98 | -6.16 | 18.56 | 1.34 | -8.22 | 20.72 | 0.21 | 5.0 | 0.0 | 13.80 | -14.07 | 10.31 | 59.34 | 7.03 | -3.04 | 61.29 | 1.64 | -34.7 | 38.71 | -2.5 | 530.41 | 10.27 | -9.44 | 4.05 |
| 24Q1 (18) | 1.31 | 197.73 | -44.49 | 17.05 | 29.46 | -13.76 | 5.48 | 702.2 | -41.39 | 9.08 | 869.49 | -27.42 | 7.05 | 5775.0 | -27.54 | 2.11 | 6933.33 | -39.02 | 1.46 | 1522.22 | -33.64 | 0.20 | 5.26 | -9.09 | 16.06 | 188.33 | -10.33 | 55.44 | 11.3 | -17.57 | 60.30 | -21.83 | -19.36 | 39.70 | 73.69 | 57.37 | 11.34 | 6.78 | 8.72 |
| 23Q4 (17) | 0.44 | -60.0 | -63.93 | 13.17 | -23.07 | -33.15 | -0.91 | -116.11 | -112.83 | -1.18 | -120.42 | -116.67 | 0.12 | -97.22 | -97.7 | 0.03 | -98.0 | -98.26 | 0.09 | -91.26 | -91.82 | 0.19 | -13.64 | -5.0 | 5.57 | -51.52 | -55.48 | 49.81 | -12.4 | -16.93 | 77.14 | -20.88 | -22.86 | 22.86 | 1042.86 | 0 | 10.62 | 9.37 | 0.38 |
| 23Q3 (16) | 1.10 | -17.91 | -5.17 | 17.12 | -7.66 | -9.75 | 5.65 | -11.72 | 30.18 | 5.78 | -15.12 | 4.9 | 4.32 | -11.66 | 5.88 | 1.50 | -10.18 | -0.66 | 1.03 | -7.21 | 10.75 | 0.22 | 4.76 | 4.76 | 11.49 | -8.15 | 11.66 | 56.86 | -7.09 | -13.6 | 97.50 | 3.88 | 24.2 | 2.00 | -67.43 | -90.48 | 9.71 | -1.62 | 0.83 |
| 23Q2 (15) | 1.34 | -43.22 | -41.74 | 18.54 | -6.22 | -17.6 | 6.40 | -31.55 | -46.53 | 6.81 | -45.56 | -40.52 | 4.89 | -49.74 | -44.81 | 1.67 | -51.73 | -53.74 | 1.11 | -49.55 | -44.78 | 0.21 | -4.55 | -4.55 | 12.51 | -30.15 | -19.76 | 61.20 | -9.01 | -23.55 | 93.86 | 25.53 | -10.23 | 6.14 | -75.66 | 234.78 | 9.87 | -5.37 | 8.11 |
| 23Q1 (14) | 2.36 | 93.44 | -24.36 | 19.77 | 0.36 | -8.81 | 9.35 | 31.88 | -28.19 | 12.51 | 76.69 | -9.87 | 9.73 | 86.4 | -10.41 | 3.46 | 101.16 | -28.95 | 2.20 | 100.0 | -22.54 | 0.22 | 10.0 | -15.38 | 17.91 | 43.17 | 4.43 | 67.26 | 12.17 | -21.74 | 74.77 | -25.23 | -20.3 | 25.23 | 0 | 308.41 | 10.43 | -1.42 | 22.71 |
| 22Q4 (13) | 1.22 | 5.17 | -38.38 | 19.70 | 3.85 | 2.76 | 7.09 | 63.36 | -6.34 | 7.08 | 28.49 | -16.71 | 5.22 | 27.94 | -34.99 | 1.72 | 13.91 | -39.22 | 1.10 | 18.28 | -36.05 | 0.20 | -4.76 | -4.76 | 12.51 | 21.57 | 0.4 | 59.96 | -8.89 | -2.25 | 100.00 | 27.39 | 12.03 | 0.00 | -100.0 | -100.0 | 10.58 | 9.87 | -3.11 |
| 22Q3 (12) | 1.16 | -49.57 | -64.31 | 18.97 | -15.69 | -16.8 | 4.34 | -63.74 | -66.2 | 5.51 | -51.88 | -56.78 | 4.08 | -53.95 | -63.83 | 1.51 | -58.17 | -70.1 | 0.93 | -53.73 | -68.47 | 0.21 | -4.55 | -19.23 | 10.29 | -34.0 | -35.89 | 65.81 | -17.79 | -2.99 | 78.50 | -24.92 | -22.07 | 21.00 | 560.95 | 2966.5 | 9.63 | 5.48 | 8.32 |
| 22Q2 (11) | 2.30 | -26.28 | -37.5 | 22.50 | 3.78 | -3.39 | 11.97 | -8.06 | -16.0 | 11.45 | -17.51 | -22.43 | 8.86 | -18.42 | -31.21 | 3.61 | -25.87 | -42.42 | 2.01 | -29.23 | -43.54 | 0.22 | -15.38 | -18.52 | 15.59 | -9.1 | -12.81 | 80.05 | -6.85 | 3.2 | 104.56 | 11.44 | 8.22 | -4.56 | -173.75 | -234.6 | 9.13 | 7.41 | 5.43 |
| 22Q1 (10) | 3.12 | 57.58 | -9.57 | 21.68 | 13.09 | -4.45 | 13.02 | 71.99 | 0.93 | 13.88 | 63.29 | 6.44 | 10.86 | 35.24 | -5.07 | 4.87 | 72.08 | -11.62 | 2.84 | 65.12 | -15.73 | 0.26 | 23.81 | -10.34 | 17.15 | 37.64 | 6.92 | 85.94 | 40.1 | 11.74 | 93.82 | 5.11 | -5.19 | 6.18 | -42.48 | 491.96 | 8.50 | -22.16 | 2.04 |
| 21Q4 (9) | 1.98 | -39.08 | 24.53 | 19.17 | -15.92 | 6.09 | 7.57 | -41.04 | 7.22 | 8.50 | -33.33 | 9.54 | 8.03 | -28.81 | 34.06 | 2.83 | -43.96 | 16.46 | 1.72 | -41.69 | 5.52 | 0.21 | -19.23 | -22.22 | 12.46 | -22.37 | 10.36 | 61.34 | -9.58 | 15.11 | 89.26 | -11.39 | -1.91 | 10.74 | 1565.77 | 19.31 | 10.92 | 22.83 | 36.33 |
| 21Q3 (8) | 3.25 | -11.68 | 27.95 | 22.80 | -2.1 | 13.1 | 12.84 | -9.89 | 16.62 | 12.75 | -13.62 | 8.14 | 11.28 | -12.42 | 22.08 | 5.05 | -19.46 | 22.28 | 2.95 | -17.13 | 10.07 | 0.26 | -3.7 | -10.34 | 16.05 | -10.23 | 6.93 | 67.84 | -12.54 | 44.13 | 100.73 | 4.26 | 7.77 | -0.73 | -121.65 | -111.22 | 8.89 | 2.66 | 11.4 |
| 21Q2 (7) | 3.68 | 6.67 | 64.29 | 23.29 | 2.64 | 6.54 | 14.25 | 10.47 | 28.61 | 14.76 | 13.19 | 20.59 | 12.88 | 12.59 | 38.79 | 6.27 | 13.79 | 65.87 | 3.56 | 5.64 | 52.79 | 0.27 | -6.9 | 8.0 | 17.88 | 11.47 | 12.74 | 77.57 | 0.86 | 21.62 | 96.62 | -2.37 | 6.68 | 3.38 | 224.36 | -64.14 | 8.66 | 3.96 | -4.84 |
| 21Q1 (6) | 3.45 | 116.98 | 77.84 | 22.69 | 25.57 | -4.14 | 12.90 | 82.72 | 8.59 | 13.04 | 68.04 | 15.91 | 11.44 | 90.98 | 31.19 | 5.51 | 126.75 | 83.67 | 3.37 | 106.75 | 69.35 | 0.29 | 7.41 | 31.82 | 16.04 | 42.07 | 4.09 | 76.91 | 44.32 | 22.23 | 98.96 | 8.74 | -6.31 | 1.04 | -88.41 | 118.57 | 8.33 | 4.0 | -9.95 |
| 20Q4 (5) | 1.59 | -37.4 | 389.09 | 18.07 | -10.37 | 2.21 | 7.06 | -35.88 | 345.14 | 7.76 | -34.18 | 342.5 | 5.99 | -35.17 | 273.12 | 2.43 | -41.16 | 278.68 | 1.63 | -39.18 | 275.27 | 0.27 | -6.9 | 0.0 | 11.29 | -24.78 | 4081.48 | 53.29 | 13.21 | 13.75 | 91.00 | -2.64 | 1.95 | 9.00 | 37.81 | -9.25 | 8.01 | 0.38 | 19.37 |
| 20Q3 (4) | 2.54 | 13.39 | 0.0 | 20.16 | -7.78 | 0.0 | 11.01 | -0.63 | 0.0 | 11.79 | -3.68 | 0.0 | 9.24 | -0.43 | 0.0 | 4.13 | 9.26 | 0.0 | 2.68 | 15.02 | 0.0 | 0.29 | 16.0 | 0.0 | 15.01 | -5.36 | 0.0 | 47.07 | -26.2 | 0.0 | 93.47 | 3.21 | 0.0 | 6.53 | -30.81 | 0.0 | 7.98 | -12.31 | 0.0 |
| 20Q2 (3) | 2.24 | 15.46 | 0.0 | 21.86 | -7.65 | 0.0 | 11.08 | -6.73 | 0.0 | 12.24 | 8.8 | 0.0 | 9.28 | 6.42 | 0.0 | 3.78 | 26.0 | 0.0 | 2.33 | 17.09 | 0.0 | 0.25 | 13.64 | 0.0 | 15.86 | 2.92 | 0.0 | 63.78 | 1.37 | 0.0 | 90.56 | -14.26 | 0.0 | 9.44 | 268.0 | 0.0 | 9.10 | -1.62 | 0.0 |
| 20Q1 (2) | 1.94 | 452.73 | 0.0 | 23.67 | 33.88 | 0.0 | 11.88 | 512.5 | 0.0 | 11.25 | 451.56 | 0.0 | 8.72 | 352.02 | 0.0 | 3.00 | 320.59 | 0.0 | 1.99 | 313.98 | 0.0 | 0.22 | -18.52 | 0.0 | 15.41 | 5607.41 | 0.0 | 62.92 | 34.3 | 0.0 | 105.62 | 18.33 | 0.0 | -5.62 | -156.65 | 0.0 | 9.25 | 37.85 | 0.0 |
| 19Q4 (1) | -0.55 | 0.0 | 0.0 | 17.68 | 0.0 | 0.0 | -2.88 | 0.0 | 0.0 | -3.20 | 0.0 | 0.0 | -3.46 | 0.0 | 0.0 | -1.36 | 0.0 | 0.0 | -0.93 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 46.85 | 0.0 | 0.0 | 89.26 | 0.0 | 0.0 | 9.92 | 0.0 | 0.0 | 6.71 | 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) | 5.13 | -34.15 | 17.31 | -16.78 | 5.37 | -42.69 | 5.32 | 30.49 | 6.29 | -35.55 | 4.97 | -33.64 | 6.55 | -41.52 | 4.57 | -35.9 | 0.85 | -8.6 | 12.14 | -13.78 | 49.81 | -16.93 | 85.47 | -10.95 | 14.53 | 262.16 | 0.03 | -33.04 | 10.15 | 8.09 |
| 2022 (9) | 7.79 | -36.97 | 20.80 | -6.05 | 9.37 | -22.69 | 4.08 | 26.63 | 9.76 | -21.67 | 7.49 | -32.28 | 11.20 | -40.14 | 7.13 | -40.33 | 0.93 | -13.08 | 14.08 | -10.77 | 59.96 | -2.25 | 95.99 | -1.29 | 4.01 | 45.59 | 0.05 | -19.19 | 9.39 | 3.07 |
| 2021 (8) | 12.36 | 48.74 | 22.14 | 6.54 | 12.12 | 19.06 | 3.22 | -6.84 | 12.46 | 16.12 | 11.06 | 33.41 | 18.71 | 45.83 | 11.95 | 38.15 | 1.07 | 3.88 | 15.78 | 10.04 | 61.34 | 15.11 | 97.25 | 2.53 | 2.75 | -46.51 | 0.06 | -35.78 | 9.11 | 6.8 |
| 2020 (7) | 8.31 | 65.54 | 20.78 | -0.53 | 10.18 | 72.25 | 3.46 | 5.22 | 10.73 | 65.33 | 8.29 | 83.0 | 12.83 | 92.07 | 8.65 | 84.04 | 1.03 | 0.98 | 14.34 | 44.56 | 53.29 | 13.75 | 94.85 | 4.31 | 5.15 | -43.22 | 0.10 | -15.4 | 8.53 | 6.62 |
| 2019 (6) | 5.02 | -71.49 | 20.89 | -40.55 | 5.91 | -73.17 | 3.29 | 70.1 | 6.49 | -69.87 | 4.53 | -72.36 | 6.68 | -76.94 | 4.70 | -76.94 | 1.02 | -17.07 | 9.92 | -58.04 | 46.85 | 8.57 | 90.93 | -11.09 | 9.07 | 0 | 0.11 | -17.61 | 8.00 | -17.01 |
| 2018 (5) | 17.61 | 300.23 | 35.14 | 90.25 | 22.03 | 226.85 | 1.93 | -10.16 | 21.54 | 204.24 | 16.39 | 191.12 | 28.97 | 236.86 | 20.38 | 227.65 | 1.23 | 13.89 | 23.64 | 150.96 | 43.15 | -0.35 | 102.27 | 7.48 | -2.27 | 0 | 0.14 | 0 | 9.64 | 8.8 |
| 2017 (4) | 4.40 | 94.69 | 18.47 | 27.64 | 6.74 | 101.19 | 2.15 | -0.96 | 7.08 | 104.62 | 5.63 | 119.07 | 8.60 | 126.91 | 6.22 | 116.72 | 1.08 | 0.93 | 9.42 | 63.26 | 43.30 | 9.54 | 95.16 | -1.82 | 4.74 | 65.77 | 0.00 | 0 | 8.86 | 15.67 |
| 2016 (3) | 2.26 | -15.36 | 14.47 | 0.07 | 3.35 | -28.27 | 2.17 | -4.12 | 3.46 | -23.45 | 2.57 | -25.94 | 3.79 | -26.41 | 2.87 | -24.67 | 1.07 | 0.0 | 5.77 | -16.74 | 39.53 | 12.14 | 96.92 | -5.98 | 2.86 | 0 | 0.00 | 0 | 7.66 | 3.65 |
| 2015 (2) | 2.67 | -34.07 | 14.46 | 13.32 | 4.67 | 6.62 | 2.27 | 10.01 | 4.52 | -24.03 | 3.47 | -30.04 | 5.15 | -39.77 | 3.81 | -35.86 | 1.07 | -7.76 | 6.93 | -15.59 | 35.25 | -17.52 | 103.09 | 39.75 | -3.25 | 0 | 0.00 | 0 | 7.39 | 9.48 |
| 2014 (1) | 4.05 | 65.98 | 12.76 | 0 | 4.38 | 0 | 2.06 | -1.68 | 5.95 | 0 | 4.96 | 0 | 8.55 | 0 | 5.94 | 0 | 1.16 | 2.65 | 8.21 | 11.25 | 42.74 | -19.95 | 73.77 | -10.9 | 26.23 | 52.46 | 0.00 | 0 | 6.75 | -4.53 |
