- 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) | 0.96 | -11.93 | 54.84 | 24.89 | -8.73 | 12.32 | 7.39 | -21.38 | 38.91 | 8.67 | -23.14 | 13.19 | 6.34 | -17.45 | 17.63 | 2.47 | -13.33 | 42.77 | 1.56 | -12.36 | 41.82 | 0.23 | 4.55 | 35.29 | 12.28 | -18.57 | -4.73 | 66.15 | -8.0 | -19.53 | 85.00 | 1.67 | 23.8 | 15.00 | -8.5 | -49.75 | 14.09 | -17.36 | -8.27 |
| 24Q2 (19) | 1.09 | 22.47 | 67.69 | 27.27 | 1.94 | 47.09 | 9.40 | 67.56 | 148.02 | 11.28 | 21.68 | 44.8 | 7.68 | 1.19 | 34.97 | 2.85 | 20.25 | 52.41 | 1.78 | 19.46 | 45.9 | 0.22 | 22.22 | 22.22 | 15.08 | 7.79 | 15.38 | 71.90 | 7.03 | -18.14 | 83.61 | 39.91 | 72.28 | 16.39 | -57.99 | -68.15 | 17.05 | -13.28 | 17.91 |
| 24Q1 (18) | 0.89 | 0.0 | 232.84 | 26.75 | -13.09 | 110.63 | 5.61 | -39.81 | 208.3 | 9.27 | -9.47 | 282.48 | 7.59 | -3.68 | 232.92 | 2.37 | -1.66 | 233.15 | 1.49 | 0.68 | 288.61 | 0.18 | 5.88 | 5.88 | 13.99 | -8.92 | 2193.44 | 67.18 | -17.04 | -10.1 | 59.76 | -34.12 | -41.63 | 39.02 | 319.51 | 1739.02 | 19.66 | 6.73 | 15.51 |
| 23Q4 (17) | 0.89 | 43.55 | 64.81 | 30.78 | 38.9 | 73.6 | 9.32 | 75.19 | 235.25 | 10.24 | 33.68 | 264.41 | 7.88 | 46.2 | 149.37 | 2.41 | 39.31 | 74.64 | 1.48 | 34.55 | 76.19 | 0.17 | 0.0 | -22.73 | 15.36 | 19.16 | 119.43 | 80.98 | -1.48 | -16.5 | 90.70 | 32.1 | -6.38 | 9.30 | -68.84 | 0 | 18.42 | 19.92 | 33.19 |
| 23Q3 (16) | 0.62 | -4.62 | -63.53 | 22.16 | 19.53 | 15.18 | 5.32 | 40.37 | -20.36 | 7.66 | -1.67 | -13.15 | 5.39 | -5.27 | -27.84 | 1.73 | -7.49 | -63.11 | 1.10 | -9.84 | -52.59 | 0.17 | -5.56 | -43.33 | 12.89 | -1.38 | 9.52 | 82.20 | -6.41 | -19.5 | 68.66 | 41.47 | -9.56 | 29.85 | -42.0 | 23.93 | 15.36 | 6.22 | 30.61 |
| 23Q2 (15) | 0.65 | 197.01 | -50.0 | 18.54 | 45.98 | -17.6 | 3.79 | 173.17 | -62.06 | 7.79 | 253.35 | 13.89 | 5.69 | 199.65 | 3.27 | 1.87 | 205.06 | -48.63 | 1.22 | 254.43 | -30.68 | 0.18 | 5.88 | -40.0 | 13.07 | 2042.62 | 36.72 | 87.83 | 17.53 | -27.95 | 48.53 | -52.6 | -66.84 | 51.47 | 2261.76 | 211.01 | 14.46 | -15.04 | 31.69 |
| 23Q1 (14) | -0.67 | -224.07 | -143.79 | 12.70 | -28.37 | -31.54 | -5.18 | -286.33 | -177.2 | -5.08 | -280.78 | -167.11 | -5.71 | -280.7 | -191.21 | -1.78 | -228.99 | -140.92 | -0.79 | -194.05 | -140.1 | 0.17 | -22.73 | -43.33 | 0.61 | -91.29 | -94.0 | 74.73 | -22.94 | -34.38 | 102.38 | 5.68 | 15.07 | -2.38 | 0 | -121.6 | 17.02 | 23.07 | 53.33 |
| 22Q4 (13) | 0.54 | -68.24 | -62.5 | 17.73 | -7.85 | -0.17 | 2.78 | -58.38 | -54.28 | 2.81 | -68.14 | -57.49 | 3.16 | -57.7 | -45.7 | 1.38 | -70.58 | -67.98 | 0.84 | -63.79 | -54.59 | 0.22 | -26.67 | -29.03 | 7.00 | -40.53 | -23.41 | 96.98 | -5.02 | -32.5 | 96.88 | 27.61 | 5.34 | 0.00 | -100.0 | -100.0 | 13.83 | 17.6 | 31.46 |
| 22Q3 (12) | 1.70 | 30.77 | -24.11 | 19.24 | -14.49 | -10.55 | 6.68 | -33.13 | -29.16 | 8.82 | 28.95 | -1.45 | 7.47 | 35.57 | -13.74 | 4.69 | 28.85 | -31.93 | 2.32 | 31.82 | -24.92 | 0.30 | 0.0 | -14.29 | 11.77 | 23.12 | 4.25 | 102.11 | -16.23 | -26.16 | 75.91 | -48.13 | -27.66 | 24.09 | 151.95 | 533.58 | 11.76 | 7.1 | 15.63 |
| 22Q2 (11) | 1.30 | -15.03 | -42.73 | 22.50 | 21.29 | -8.61 | 9.99 | 48.88 | -9.84 | 6.84 | -9.64 | -36.84 | 5.51 | -11.98 | -38.16 | 3.64 | -16.32 | -48.3 | 1.76 | -10.66 | -46.67 | 0.30 | 0.0 | -16.67 | 9.56 | -6.0 | -28.17 | 121.90 | 7.04 | 3.31 | 146.36 | 64.5 | 43.38 | -46.36 | -520.58 | -2125.45 | 10.98 | -1.08 | 2.81 |
| 22Q1 (10) | 1.53 | 6.25 | -30.77 | 18.55 | 4.45 | -25.11 | 6.71 | 10.36 | -41.14 | 7.57 | 14.52 | -30.93 | 6.26 | 7.56 | -33.19 | 4.35 | 0.93 | -40.49 | 1.97 | 6.49 | -42.06 | 0.30 | -3.23 | -16.67 | 10.17 | 11.27 | -25.66 | 113.88 | -20.74 | -2.08 | 88.98 | -3.25 | -14.35 | 11.02 | 37.18 | 383.46 | 11.10 | 5.51 | -10.12 |
| 21Q4 (9) | 1.44 | -35.71 | -31.75 | 17.76 | -17.43 | -33.83 | 6.08 | -35.52 | -50.97 | 6.61 | -26.15 | -42.32 | 5.82 | -32.79 | -39.5 | 4.31 | -37.45 | -43.51 | 1.85 | -40.13 | -48.03 | 0.31 | -11.43 | -13.89 | 9.14 | -19.04 | -35.9 | 143.67 | 3.89 | 17.63 | 91.96 | -12.36 | -14.78 | 8.04 | 244.64 | 194.82 | 10.52 | 3.44 | -27.0 |
| 21Q3 (8) | 2.24 | -1.32 | 29.48 | 21.51 | -12.63 | -21.47 | 9.43 | -14.89 | -17.5 | 8.95 | -17.36 | -16.51 | 8.66 | -2.81 | -11.45 | 6.89 | -2.13 | 3.92 | 3.09 | -6.36 | -4.33 | 0.35 | -2.78 | 9.37 | 11.29 | -15.18 | -21.1 | 138.29 | 17.19 | 21.71 | 104.94 | 2.8 | -1.76 | -5.56 | -166.67 | 18.52 | 10.17 | -4.78 | -32.51 |
| 21Q2 (7) | 2.27 | 2.71 | 89.17 | 24.62 | -0.61 | 0.82 | 11.08 | -2.81 | 33.98 | 10.83 | -1.19 | 39.74 | 8.91 | -4.91 | 9.06 | 7.04 | -3.69 | 49.47 | 3.30 | -2.94 | 34.69 | 0.36 | 0.0 | 24.14 | 13.31 | -2.7 | 10.92 | 118.00 | 1.46 | 12.53 | 102.08 | -1.74 | -5.12 | -2.08 | 46.43 | 67.08 | 10.68 | -13.52 | 0 |
| 21Q1 (6) | 2.21 | 4.74 | 1281.25 | 24.77 | -7.71 | 31.48 | 11.40 | -8.06 | 540.45 | 10.96 | -4.36 | 700.0 | 9.37 | -2.6 | 694.07 | 7.31 | -4.19 | 1182.46 | 3.40 | -4.49 | 750.0 | 0.36 | 0.0 | 50.0 | 13.68 | -4.07 | 99.13 | 116.30 | -4.78 | 24.11 | 103.89 | -3.73 | -16.89 | -3.89 | 54.11 | 84.44 | 12.35 | -14.3 | 0 |
| 20Q4 (5) | 2.11 | 21.97 | 257.63 | 26.84 | -2.01 | 22.95 | 12.40 | 8.49 | 116.4 | 11.46 | 6.9 | 136.78 | 9.62 | -1.64 | 159.3 | 7.63 | 15.08 | 230.3 | 3.56 | 10.22 | 180.31 | 0.36 | 12.5 | 16.13 | 14.26 | -0.35 | 60.77 | 122.14 | 7.5 | 14.33 | 107.91 | 1.02 | -8.95 | -8.47 | -24.29 | 54.24 | 14.41 | -4.38 | 0 |
| 20Q3 (4) | 1.73 | 44.17 | 0.0 | 27.39 | 12.16 | 0.0 | 11.43 | 38.21 | 0.0 | 10.72 | 38.32 | 0.0 | 9.78 | 19.71 | 0.0 | 6.63 | 40.76 | 0.0 | 3.23 | 31.84 | 0.0 | 0.32 | 10.34 | 0.0 | 14.31 | 19.25 | 0.0 | 113.62 | 8.35 | 0.0 | 106.82 | -0.72 | 0.0 | -6.82 | -7.73 | 0.0 | 15.07 | 0 | 0.0 |
| 20Q2 (3) | 1.20 | 650.0 | 0.0 | 24.42 | 29.62 | 0.0 | 8.27 | 364.61 | 0.0 | 7.75 | 465.69 | 0.0 | 8.17 | 592.37 | 0.0 | 4.71 | 726.32 | 0.0 | 2.45 | 512.5 | 0.0 | 0.29 | 20.83 | 0.0 | 12.00 | 74.67 | 0.0 | 104.86 | 11.9 | 0.0 | 107.59 | -13.92 | 0.0 | -6.33 | 74.68 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.16 | -72.88 | 0.0 | 18.84 | -13.7 | 0.0 | 1.78 | -68.94 | 0.0 | 1.37 | -71.69 | 0.0 | 1.18 | -68.19 | 0.0 | 0.57 | -75.32 | 0.0 | 0.40 | -68.5 | 0.0 | 0.24 | -22.58 | 0.0 | 6.87 | -22.55 | 0.0 | 93.71 | -12.28 | 0.0 | 125.00 | 5.47 | 0.0 | -25.00 | -35.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.59 | 0.0 | 0.0 | 21.83 | 0.0 | 0.0 | 5.73 | 0.0 | 0.0 | 4.84 | 0.0 | 0.0 | 3.71 | 0.0 | 0.0 | 2.31 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 8.87 | 0.0 | 0.0 | 106.83 | 0.0 | 0.0 | 118.52 | 0.0 | 0.0 | -18.52 | 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) | 1.55 | -69.43 | 21.06 | 7.23 | 3.37 | -50.8 | 4.07 | 68.99 | 5.25 | -22.79 | 3.40 | -41.28 | 4.39 | -68.93 | 3.00 | -56.14 | 0.68 | -38.74 | 10.54 | 7.55 | 80.98 | -16.5 | 64.25 | -36.07 | 35.75 | 0 | 0.16 | -9.0 | 16.28 | 38.55 |
| 2022 (9) | 5.07 | -37.87 | 19.64 | -11.37 | 6.85 | -27.89 | 2.41 | 14.06 | 6.80 | -27.12 | 5.79 | -29.39 | 14.13 | -45.76 | 6.84 | -40.0 | 1.11 | -18.38 | 9.80 | -17.16 | 96.98 | -32.5 | 100.49 | -1.19 | -0.74 | 0 | 0.18 | -7.82 | 11.75 | 7.8 |
| 2021 (8) | 8.16 | 56.92 | 22.16 | -11.29 | 9.50 | 2.48 | 2.11 | -35.69 | 9.33 | 8.61 | 8.20 | 5.26 | 26.05 | 36.6 | 11.40 | 24.32 | 1.36 | 19.3 | 11.83 | -4.83 | 143.67 | 17.63 | 101.71 | -5.83 | -1.71 | 0 | 0.19 | -13.42 | 10.90 | -29.17 |
| 2020 (7) | 5.20 | 135.29 | 24.98 | 17.33 | 9.27 | 101.96 | 3.28 | -4.47 | 8.59 | 102.12 | 7.79 | 120.68 | 19.07 | 127.29 | 9.17 | 98.92 | 1.14 | -0.87 | 12.43 | 45.04 | 122.14 | 14.33 | 108.00 | -0.31 | -8.00 | 0 | 0.22 | -36.41 | 15.39 | -19.68 |
| 2019 (6) | 2.21 | 24.16 | 21.29 | 0.76 | 4.59 | 21.75 | 3.44 | 22.18 | 4.25 | 16.44 | 3.53 | 12.78 | 8.39 | 20.72 | 4.61 | 24.59 | 1.15 | 6.48 | 8.57 | 20.37 | 106.83 | 0.72 | 108.33 | 4.7 | -7.78 | 0 | 0.35 | -14.04 | 19.16 | -8.63 |
| 2018 (5) | 1.78 | -29.92 | 21.13 | -6.42 | 3.77 | -34.55 | 2.81 | 13.82 | 3.65 | -33.52 | 3.13 | -31.21 | 6.95 | -29.44 | 3.70 | -25.85 | 1.08 | 4.85 | 7.12 | -17.11 | 106.07 | 1.35 | 103.47 | -1.32 | -3.47 | 0 | 0.41 | 0 | 20.97 | -6.34 |
| 2017 (4) | 2.54 | -6.27 | 22.58 | -7.72 | 5.76 | -18.64 | 2.47 | -16.61 | 5.49 | -10.59 | 4.55 | -12.84 | 9.85 | -6.37 | 4.99 | -10.25 | 1.03 | 0.98 | 8.59 | -10.98 | 104.66 | -8.57 | 104.85 | -9.33 | -4.85 | 0 | 0.00 | 0 | 22.39 | -12.61 |
| 2016 (3) | 2.71 | -10.86 | 24.47 | 3.07 | 7.08 | 7.27 | 2.97 | -14.3 | 6.14 | -11.01 | 5.22 | -13.0 | 10.52 | -11.07 | 5.56 | -14.72 | 1.02 | -1.92 | 9.65 | -9.47 | 114.47 | 41.5 | 115.64 | 21.02 | -15.17 | 0 | 0.00 | 0 | 25.62 | -5.6 |
| 2015 (2) | 3.04 | -18.93 | 23.74 | -0.63 | 6.60 | -12.23 | 3.46 | -2.94 | 6.90 | -15.34 | 6.00 | -16.9 | 11.83 | -24.02 | 6.52 | -21.16 | 1.04 | -6.31 | 10.66 | -11.02 | 80.90 | -16.78 | 95.56 | 3.92 | 4.44 | -42.0 | 0.00 | 0 | 27.14 | 15.64 |
| 2014 (1) | 3.75 | 118.02 | 23.89 | 0 | 7.52 | 0 | 3.56 | -5.38 | 8.15 | 0 | 7.22 | 0 | 15.57 | 0 | 8.27 | 0 | 1.11 | 12.12 | 11.98 | 24.53 | 97.21 | 8.28 | 91.95 | 5.22 | 7.66 | -39.21 | 0.00 | 0 | 23.47 | 0.64 |
