- 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) | 3.30 | -1.79 | 58.65 | 62.75 | -1.44 | 5.76 | 24.04 | 5.16 | 61.89 | 23.54 | -13.39 | 10.99 | 20.64 | -13.35 | 10.02 | 4.32 | -10.56 | 34.58 | 3.43 | -7.55 | 35.57 | 0.17 | 6.25 | 30.77 | 27.61 | -11.22 | 4.54 | 23.15 | -21.9 | 3.95 | 102.06 | 21.51 | 45.56 | -2.06 | -113.04 | -106.91 | 28.50 | -10.69 | -16.81 |
| 24Q2 (19) | 3.36 | 66.34 | 121.05 | 63.67 | 11.29 | 15.83 | 22.86 | 72.79 | 271.1 | 27.18 | 42.9 | 64.93 | 23.82 | 43.24 | 52.3 | 4.83 | 62.63 | 98.77 | 3.71 | 58.55 | 100.54 | 0.16 | 14.29 | 33.33 | 31.10 | 31.78 | 38.96 | 29.64 | -5.87 | -6.85 | 83.99 | 20.56 | 124.63 | 15.83 | -47.82 | -74.72 | 31.91 | 3.34 | -9.5 |
| 24Q1 (18) | 2.02 | 4.66 | 6633.33 | 57.21 | -4.38 | 4.42 | 13.23 | -36.76 | 812.41 | 19.02 | 7.58 | 4222.73 | 16.63 | 6.06 | 3515.22 | 2.97 | 3.85 | 4850.0 | 2.34 | 0.0 | 4580.0 | 0.14 | -6.67 | 40.0 | 23.60 | 5.69 | 195.0 | 31.49 | 37.21 | -1.62 | 69.67 | -41.06 | -78.23 | 30.33 | 266.55 | 113.79 | 30.88 | 5.32 | -19.48 |
| 23Q4 (17) | 1.93 | -7.21 | 528.89 | 59.83 | 0.84 | 7.74 | 20.92 | 40.88 | 2846.48 | 17.68 | -16.64 | 343.86 | 15.68 | -16.42 | 352.09 | 2.86 | -10.9 | 508.57 | 2.34 | -7.51 | 517.86 | 0.15 | 15.38 | 66.67 | 22.33 | -15.45 | 3684.75 | 22.95 | 3.05 | -2.55 | 118.21 | 68.59 | 1349.66 | -18.21 | -160.94 | -116.64 | 29.32 | -14.42 | -18.8 |
| 23Q3 (16) | 2.08 | 36.84 | -59.3 | 59.33 | 7.93 | 16.04 | 14.85 | 141.07 | 171.88 | 21.21 | 28.7 | -64.08 | 18.76 | 19.95 | -68.36 | 3.21 | 32.1 | -61.33 | 2.53 | 36.76 | -58.66 | 0.13 | 8.33 | 30.0 | 26.41 | 18.01 | -59.86 | 22.27 | -30.01 | -13.38 | 70.12 | 87.53 | 300.1 | 29.88 | -52.27 | -77.85 | 34.26 | -2.84 | -43.09 |
| 23Q2 (15) | 1.52 | 4966.67 | -17.84 | 54.97 | 0.33 | -0.74 | 6.16 | 324.83 | -49.3 | 16.48 | 3645.45 | -16.0 | 15.64 | 3300.0 | -5.27 | 2.43 | 3950.0 | -15.92 | 1.85 | 3600.0 | -11.9 | 0.12 | 20.0 | -7.69 | 22.38 | 179.75 | -8.09 | 31.82 | -0.59 | -31.66 | 37.39 | -88.32 | -39.55 | 62.61 | 128.46 | 64.15 | 35.26 | -8.06 | 11.13 |
| 23Q1 (14) | 0.03 | 106.67 | -96.67 | 54.79 | -1.33 | 2.03 | 1.45 | 104.23 | -69.67 | 0.44 | 106.07 | -95.46 | 0.46 | 107.4 | -94.39 | 0.06 | 108.57 | -94.78 | 0.05 | 108.93 | -94.32 | 0.10 | 11.11 | -9.09 | 8.00 | 1255.93 | -51.54 | 32.01 | 35.92 | 3.89 | 320.00 | 3482.86 | 544.78 | -220.00 | -300.99 | -530.43 | 38.35 | 6.2 | 7.03 |
| 22Q4 (13) | -0.45 | -108.81 | -139.13 | 55.53 | 8.61 | 3.41 | 0.71 | 103.44 | -93.32 | -7.25 | -112.28 | -161.81 | -6.22 | -110.49 | -162.7 | -0.70 | -108.43 | -143.21 | -0.56 | -109.15 | -145.16 | 0.09 | -10.0 | -25.0 | 0.59 | -99.1 | -96.67 | 23.55 | -8.4 | -27.74 | -9.46 | 73.01 | -110.43 | 109.46 | -18.86 | 1073.65 | 36.11 | -40.02 | 19.53 |
| 22Q3 (12) | 5.11 | 176.22 | 48.98 | 51.13 | -7.67 | -12.12 | -20.66 | -270.04 | -191.25 | 59.05 | 200.97 | 136.96 | 59.29 | 259.12 | 191.35 | 8.30 | 187.2 | 64.03 | 6.12 | 191.43 | 67.67 | 0.10 | -23.08 | -44.44 | 65.79 | 170.18 | 125.62 | 25.71 | -44.78 | -18.33 | -35.04 | -156.65 | -138.58 | 134.90 | 253.7 | 1371.44 | 60.20 | 89.73 | 120.03 |
| 22Q2 (11) | 1.85 | 105.56 | -49.86 | 55.38 | 3.13 | -4.71 | 12.15 | 154.18 | -53.2 | 19.62 | 102.27 | -20.63 | 16.51 | 101.34 | -18.02 | 2.89 | 151.3 | -47.17 | 2.10 | 138.64 | -46.56 | 0.13 | 18.18 | -31.58 | 24.35 | 47.49 | -14.98 | 46.56 | 51.12 | -1.56 | 61.86 | 24.64 | -41.13 | 38.14 | -25.38 | 875.12 | 31.73 | -11.44 | 26.36 |
| 22Q1 (10) | 0.90 | -21.74 | -70.78 | 53.70 | 0.0 | -6.1 | 4.78 | -55.03 | -76.73 | 9.70 | -17.31 | -57.62 | 8.20 | -17.34 | -56.06 | 1.15 | -29.01 | -74.44 | 0.88 | -29.03 | -74.12 | 0.11 | -8.33 | -38.89 | 16.51 | -6.72 | -39.35 | 30.81 | -5.46 | -5.2 | 49.63 | -45.27 | -44.66 | 51.11 | 448.02 | 395.68 | 35.83 | 18.6 | 31.73 |
| 21Q4 (9) | 1.15 | -66.47 | -66.57 | 53.70 | -7.7 | -7.8 | 10.63 | -53.05 | -59.58 | 11.73 | -52.93 | -49.48 | 9.92 | -51.25 | -47.43 | 1.62 | -67.98 | -70.81 | 1.24 | -66.03 | -70.41 | 0.12 | -33.33 | -45.45 | 17.70 | -39.3 | -34.64 | 32.59 | 3.53 | -1.03 | 90.67 | -0.17 | -19.94 | 9.33 | 1.73 | 170.32 | 30.21 | 10.42 | 17.32 |
| 21Q3 (8) | 3.43 | -7.05 | 8.54 | 58.18 | 0.1 | -1.41 | 22.64 | -12.79 | -8.67 | 24.92 | 0.81 | 1.51 | 20.35 | 1.04 | 3.19 | 5.06 | -7.5 | -13.36 | 3.65 | -7.12 | -14.52 | 0.18 | -5.26 | -18.18 | 29.16 | 1.82 | 1.53 | 31.48 | -33.45 | -3.08 | 90.83 | -13.56 | -10.01 | 9.17 | 286.32 | 1082.82 | 27.36 | 8.96 | 5.6 |
| 21Q2 (7) | 3.69 | 19.81 | 81.77 | 58.12 | 1.63 | 2.81 | 25.96 | 26.39 | 34.37 | 24.72 | 7.99 | 31.98 | 20.14 | 7.93 | 30.95 | 5.47 | 21.56 | 37.44 | 3.93 | 15.59 | 35.05 | 0.19 | 5.56 | 0.0 | 28.64 | 5.22 | 20.64 | 47.30 | 45.54 | 10.82 | 105.08 | 17.16 | 2.06 | -4.92 | -147.72 | -51.2 | 25.11 | -7.68 | -8.36 |
| 21Q1 (6) | 3.08 | -10.47 | 55.56 | 57.19 | -1.8 | -0.47 | 20.54 | -21.9 | 16.05 | 22.89 | -1.42 | 17.51 | 18.66 | -1.11 | 19.23 | 4.50 | -18.92 | 19.36 | 3.40 | -18.85 | 17.65 | 0.18 | -18.18 | 0.0 | 27.22 | 0.52 | 10.65 | 32.50 | -1.31 | 1.82 | 89.69 | -20.81 | -1.34 | 10.31 | 177.74 | 13.42 | 27.20 | 5.63 | -5.72 |
| 20Q4 (5) | 3.44 | 8.86 | 39.84 | 58.24 | -1.3 | 0.02 | 26.30 | 6.09 | 21.76 | 23.22 | -5.42 | 10.68 | 18.87 | -4.31 | 10.09 | 5.55 | -4.97 | 12.35 | 4.19 | -1.87 | 11.44 | 0.22 | 0.0 | 0.0 | 27.08 | -5.71 | 6.03 | 32.93 | 1.39 | 7.65 | 113.26 | 12.22 | 10.02 | -13.26 | -1321.85 | -349.85 | 25.75 | -0.62 | -5.95 |
| 20Q3 (4) | 3.16 | 55.67 | 0.0 | 59.01 | 4.39 | 0.0 | 24.79 | 28.31 | 0.0 | 24.55 | 31.07 | 0.0 | 19.72 | 28.22 | 0.0 | 5.84 | 46.73 | 0.0 | 4.27 | 46.74 | 0.0 | 0.22 | 15.79 | 0.0 | 28.72 | 20.98 | 0.0 | 32.48 | -23.9 | 0.0 | 100.93 | -1.97 | 0.0 | -0.93 | 71.34 | 0.0 | 25.91 | -5.44 | 0.0 |
| 20Q2 (3) | 2.03 | 2.53 | 0.0 | 56.53 | -1.62 | 0.0 | 19.32 | 9.15 | 0.0 | 18.73 | -3.85 | 0.0 | 15.38 | -1.73 | 0.0 | 3.98 | 5.57 | 0.0 | 2.91 | 0.69 | 0.0 | 0.19 | 5.56 | 0.0 | 23.74 | -3.5 | 0.0 | 42.68 | 33.71 | 0.0 | 102.96 | 13.25 | 0.0 | -3.25 | -135.8 | 0.0 | 27.40 | -5.03 | 0.0 |
| 20Q1 (2) | 1.98 | -19.51 | 0.0 | 57.46 | -1.32 | 0.0 | 17.70 | -18.06 | 0.0 | 19.48 | -7.15 | 0.0 | 15.65 | -8.69 | 0.0 | 3.77 | -23.68 | 0.0 | 2.89 | -23.14 | 0.0 | 0.18 | -18.18 | 0.0 | 24.60 | -3.68 | 0.0 | 31.92 | 4.35 | 0.0 | 90.91 | -11.69 | 0.0 | 9.09 | 408.33 | 0.0 | 28.85 | 5.37 | 0.0 |
| 19Q4 (1) | 2.46 | 0.0 | 0.0 | 58.23 | 0.0 | 0.0 | 21.60 | 0.0 | 0.0 | 20.98 | 0.0 | 0.0 | 17.14 | 0.0 | 0.0 | 4.94 | 0.0 | 0.0 | 3.76 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 25.54 | 0.0 | 0.0 | 30.59 | 0.0 | 0.0 | 102.95 | 0.0 | 0.0 | -2.95 | 0.0 | 0.0 | 27.38 | 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) | 5.57 | -24.83 | 57.60 | 6.73 | 12.12 | 4228.57 | 1.76 | -5.06 | 15.15 | -27.68 | 13.68 | -31.12 | 8.40 | -21.79 | 6.84 | -18.57 | 0.50 | 19.05 | 20.79 | -23.87 | 22.95 | -2.55 | 80.00 | 6157.14 | 20.00 | -79.72 | 1.14 | -18.47 | 33.76 | -16.31 |
| 2022 (9) | 7.41 | -34.54 | 53.97 | -5.43 | 0.28 | -98.66 | 1.86 | 63.36 | 20.95 | -4.25 | 19.86 | 10.89 | 10.74 | -34.79 | 8.40 | -32.58 | 0.42 | -39.13 | 27.31 | 3.56 | 23.55 | -27.74 | 1.28 | -98.66 | 98.63 | 1942.6 | 1.40 | -42.81 | 40.34 | 48.31 |
| 2021 (8) | 11.32 | 6.79 | 57.07 | -1.45 | 20.82 | -7.71 | 1.14 | 4.02 | 21.88 | 0.32 | 17.91 | 1.42 | 16.47 | -8.7 | 12.46 | -9.18 | 0.69 | -10.39 | 26.37 | 0.42 | 32.59 | -1.03 | 95.12 | -8.09 | 4.83 | 0 | 2.45 | -4.62 | 27.20 | 1.49 |
| 2020 (7) | 10.60 | 70.14 | 57.91 | 0.09 | 22.56 | 42.51 | 1.09 | -6.54 | 21.81 | 27.54 | 17.66 | 29.19 | 18.04 | 44.44 | 13.72 | 39.43 | 0.77 | 6.94 | 26.26 | 16.61 | 32.93 | 7.65 | 103.49 | 11.89 | -3.49 | 0 | 2.57 | 71.53 | 26.80 | -12.59 |
| 2019 (6) | 6.23 | -5.18 | 57.86 | 0.36 | 15.83 | -5.32 | 1.17 | 46.44 | 17.10 | -9.24 | 13.67 | -7.76 | 12.49 | -7.07 | 9.84 | -9.81 | 0.72 | -1.37 | 22.52 | -6.01 | 30.59 | 25.32 | 92.49 | 4.23 | 7.51 | -33.33 | 1.50 | -41.82 | 30.66 | 3.23 |
| 2018 (5) | 6.57 | 19.02 | 57.65 | 3.58 | 16.72 | 13.13 | 0.80 | 4.74 | 18.84 | 17.75 | 14.82 | 14.44 | 13.44 | 12.37 | 10.91 | 12.13 | 0.73 | -2.67 | 23.96 | 9.21 | 24.41 | 6.5 | 88.74 | -3.87 | 11.26 | 48.75 | 2.57 | 0 | 29.70 | 5.43 |
| 2017 (4) | 5.52 | 360.0 | 55.66 | 11.1 | 14.78 | 721.11 | 0.76 | 27.14 | 16.00 | 291.2 | 12.95 | 323.2 | 11.96 | 376.49 | 9.73 | 367.79 | 0.75 | 11.94 | 21.94 | 108.36 | 22.92 | -6.03 | 92.31 | 109.47 | 7.57 | -86.47 | 0.00 | 0 | 28.17 | 11.17 |
| 2016 (3) | 1.20 | -50.0 | 50.10 | 0.66 | 1.80 | -61.86 | 0.60 | 23.3 | 4.09 | -50.66 | 3.06 | -53.21 | 2.51 | -50.59 | 2.08 | -51.85 | 0.67 | 3.08 | 10.53 | -25.05 | 24.39 | 18.86 | 44.07 | -22.67 | 55.93 | 29.19 | 0.00 | 0 | 25.34 | 12.02 |
| 2015 (2) | 2.40 | -18.64 | 49.77 | 8.57 | 4.72 | -28.38 | 0.49 | -20.4 | 8.29 | 3.5 | 6.54 | -10.66 | 5.08 | -16.72 | 4.32 | -17.08 | 0.65 | -8.45 | 14.05 | 5.4 | 20.52 | 23.54 | 56.98 | -30.64 | 43.30 | 146.21 | 0.00 | 0 | 22.62 | 15.41 |
| 2014 (1) | 2.95 | 43.2 | 45.84 | 0 | 6.59 | 0 | 0.61 | -21.48 | 8.01 | 0 | 7.32 | 0 | 6.10 | 0 | 5.21 | 0 | 0.71 | 1.43 | 13.33 | 16.42 | 16.61 | -8.99 | 82.15 | 4.86 | 17.59 | -17.59 | 0.00 | 0 | 19.60 | 3.65 |
