- 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) | 2.50 | 15.21 | -1.19 | 20.09 | -10.91 | -0.15 | 7.39 | 1.93 | 27.85 | 7.75 | -9.46 | 1.31 | 6.15 | -7.66 | -6.68 | 4.24 | 6.53 | 10.99 | 2.38 | 6.25 | 5.31 | 0.39 | 14.71 | 14.71 | 8.52 | -10.41 | -1.27 | 76.95 | -2.42 | 19.73 | 95.27 | 12.36 | 26.24 | 4.73 | -69.34 | -80.5 | 7.88 | 0.64 | -5.97 |
| 24Q2 (19) | 2.17 | -14.23 | 66.92 | 22.55 | 10.38 | 12.24 | 7.25 | 19.64 | 105.97 | 8.56 | -0.58 | 63.98 | 6.66 | -4.72 | 72.09 | 3.98 | 0.25 | 104.1 | 2.24 | -4.68 | 96.49 | 0.34 | 0.0 | 17.24 | 9.51 | -1.04 | 48.36 | 78.86 | 2.39 | 5.89 | 84.79 | 20.68 | 25.41 | 15.44 | -47.69 | -52.35 | 7.83 | -6.34 | -18.27 |
| 24Q1 (18) | 2.53 | -5.6 | 145.63 | 20.43 | -11.29 | 23.0 | 6.06 | -40.24 | 76.68 | 8.61 | 2.38 | 139.17 | 6.99 | 1.01 | 184.15 | 3.97 | -9.98 | 210.16 | 2.35 | -13.28 | 205.19 | 0.34 | -12.82 | 9.68 | 9.61 | 3.22 | 104.03 | 77.02 | 24.57 | 5.93 | 70.26 | -41.72 | -26.49 | 29.51 | 243.59 | 566.04 | 8.36 | 30.02 | 12.52 |
| 23Q4 (17) | 2.68 | 5.93 | 1310.53 | 23.03 | 14.46 | 32.51 | 10.14 | 75.43 | 106.94 | 8.41 | 9.93 | 369.83 | 6.92 | 5.01 | 585.15 | 4.41 | 15.45 | 701.82 | 2.71 | 19.91 | 652.78 | 0.39 | 14.71 | 18.18 | 9.31 | 7.88 | 237.32 | 61.83 | -3.8 | -6.37 | 120.55 | 59.74 | -55.8 | -20.55 | -184.69 | 88.1 | 6.43 | -23.27 | -7.61 |
| 23Q3 (16) | 2.53 | 94.62 | 73.29 | 20.12 | 0.15 | 9.53 | 5.78 | 64.2 | 309.93 | 7.65 | 46.55 | 10.55 | 6.59 | 70.28 | 0.3 | 3.82 | 95.9 | 42.01 | 2.26 | 98.25 | 36.97 | 0.34 | 17.24 | 36.0 | 8.63 | 34.63 | 7.2 | 64.27 | -13.7 | 1.95 | 75.47 | 11.63 | 272.81 | 24.27 | -25.09 | -69.42 | 8.38 | -12.53 | -12.16 |
| 23Q2 (15) | 1.30 | 26.21 | -35.64 | 20.09 | 20.95 | -11.77 | 3.52 | 2.62 | -38.89 | 5.22 | 45.0 | -39.3 | 3.87 | 57.32 | -52.52 | 1.95 | 52.34 | -45.53 | 1.14 | 48.05 | -42.13 | 0.29 | -6.45 | 20.83 | 6.41 | 36.09 | -32.6 | 74.47 | 2.42 | 8.53 | 67.61 | -29.26 | 0.6 | 32.39 | 631.19 | -2.19 | 9.58 | 28.94 | -9.62 |
| 23Q1 (14) | 1.03 | 442.11 | -79.4 | 16.61 | -4.43 | -38.91 | 3.43 | -30.0 | -74.8 | 3.60 | 101.12 | -76.89 | 2.46 | 143.56 | -80.89 | 1.28 | 132.73 | -83.44 | 0.77 | 113.89 | -81.22 | 0.31 | -6.06 | -3.13 | 4.71 | 70.65 | -70.75 | 72.71 | 10.1 | -25.17 | 95.57 | -64.96 | 9.36 | 4.43 | 102.56 | -64.87 | 7.43 | 6.75 | -18.35 |
| 22Q4 (13) | 0.19 | -86.99 | -96.62 | 17.38 | -5.39 | -39.02 | 4.90 | 247.52 | -67.93 | 1.79 | -74.13 | -88.27 | 1.01 | -84.63 | -91.87 | 0.55 | -79.55 | -93.4 | 0.36 | -78.18 | -92.56 | 0.33 | 32.0 | -15.38 | 2.76 | -65.71 | -82.4 | 66.04 | 4.76 | -18.31 | 272.73 | 1247.27 | 172.41 | -172.73 | -317.67 | -148445.45 | 6.96 | -27.04 | -16.65 |
| 22Q3 (12) | 1.46 | -27.72 | -56.55 | 18.37 | -19.32 | -34.42 | 1.41 | -75.52 | -88.92 | 6.92 | -19.53 | -47.01 | 6.57 | -19.39 | -37.9 | 2.69 | -24.86 | -51.18 | 1.65 | -16.24 | -48.28 | 0.25 | 4.17 | -16.67 | 8.05 | -15.35 | -40.94 | 63.04 | -8.13 | 0.35 | 20.24 | -69.88 | -79.21 | 79.35 | 139.6 | 2915.38 | 9.54 | -10.0 | 6.35 |
| 22Q2 (11) | 2.02 | -59.6 | -69.35 | 22.77 | -16.26 | -25.15 | 5.76 | -57.68 | -70.0 | 8.60 | -44.8 | -54.57 | 8.15 | -36.67 | -46.38 | 3.58 | -53.69 | -68.35 | 1.97 | -51.95 | -68.17 | 0.24 | -25.0 | -41.46 | 9.51 | -40.93 | -50.88 | 68.62 | -29.38 | -17.62 | 67.20 | -23.1 | -33.71 | 33.12 | 162.61 | 2508.22 | 10.60 | 16.48 | 49.72 |
| 22Q1 (10) | 5.00 | -11.03 | 20.77 | 27.19 | -4.6 | 7.68 | 13.61 | -10.93 | -1.59 | 15.58 | 2.1 | 12.09 | 12.87 | 3.54 | 17.75 | 7.73 | -7.2 | 7.21 | 4.10 | -15.29 | -3.07 | 0.32 | -17.95 | -17.95 | 16.10 | 2.68 | 12.04 | 97.17 | 20.2 | 18.7 | 87.39 | -12.71 | -12.21 | 12.61 | 10945.86 | 2632.48 | 9.10 | 8.98 | 25.34 |
| 21Q4 (9) | 5.62 | 67.26 | 89.86 | 28.50 | 1.75 | 24.29 | 15.28 | 20.13 | 33.22 | 15.26 | 16.85 | 35.04 | 12.43 | 17.49 | 47.98 | 8.33 | 51.18 | 61.75 | 4.84 | 51.72 | 57.14 | 0.39 | 30.0 | 5.41 | 15.68 | 15.04 | 33.11 | 80.84 | 28.69 | 34.04 | 100.12 | 2.82 | -1.27 | -0.12 | -104.42 | 92.78 | 8.35 | -6.91 | 22.97 |
| 21Q3 (8) | 3.36 | -49.01 | -16.83 | 28.01 | -7.92 | 20.99 | 12.72 | -33.75 | 0.47 | 13.06 | -31.01 | 4.4 | 10.58 | -30.39 | 3.22 | 5.51 | -51.28 | -29.81 | 3.19 | -48.47 | -27.5 | 0.30 | -26.83 | -30.23 | 13.63 | -29.6 | 5.91 | 62.82 | -24.59 | -15.9 | 97.37 | -3.95 | -3.82 | 2.63 | 291.35 | 313.82 | 8.97 | 26.69 | 29.06 |
| 21Q2 (7) | 6.59 | 59.18 | 139.64 | 30.42 | 20.48 | 43.76 | 19.20 | 38.83 | 84.08 | 18.93 | 36.19 | 84.68 | 15.20 | 39.07 | 76.95 | 11.31 | 56.87 | 78.11 | 6.19 | 46.34 | 72.42 | 0.41 | 5.13 | -2.38 | 19.36 | 34.73 | 81.27 | 83.30 | 1.76 | 0.85 | 101.38 | 1.85 | -0.27 | -1.38 | -397.97 | 26.04 | 7.08 | -2.48 | 11.5 |
| 21Q1 (6) | 4.14 | 39.86 | 167.1 | 25.25 | 10.12 | 41.54 | 13.83 | 20.58 | 145.21 | 13.90 | 23.01 | 122.04 | 10.93 | 30.12 | 95.53 | 7.21 | 40.0 | 127.44 | 4.23 | 37.34 | 119.17 | 0.39 | 5.41 | 14.71 | 14.37 | 21.99 | 111.63 | 81.86 | 35.73 | 16.11 | 99.54 | -1.84 | 10.33 | 0.46 | 128.67 | -95.28 | 7.26 | 6.92 | -0.82 |
| 20Q4 (5) | 2.96 | -26.73 | 85.0 | 22.93 | -0.95 | 22.1 | 11.47 | -9.4 | 64.09 | 11.30 | -9.67 | 67.16 | 8.40 | -18.05 | 58.19 | 5.15 | -34.39 | 60.94 | 3.08 | -30.0 | 54.0 | 0.37 | -13.95 | -2.63 | 11.78 | -8.47 | 63.16 | 60.31 | -19.26 | 2.12 | 101.41 | 0.18 | -1.97 | -1.61 | -30.78 | 53.32 | 6.79 | -2.3 | 3.35 |
| 20Q3 (4) | 4.04 | 46.91 | 0.0 | 23.15 | 9.4 | 0.0 | 12.66 | 21.38 | 0.0 | 12.51 | 22.05 | 0.0 | 10.25 | 19.32 | 0.0 | 7.85 | 23.62 | 0.0 | 4.40 | 22.56 | 0.0 | 0.43 | 2.38 | 0.0 | 12.87 | 20.51 | 0.0 | 74.70 | -9.56 | 0.0 | 101.23 | -0.42 | 0.0 | -1.23 | 33.81 | 0.0 | 6.95 | 9.45 | 0.0 |
| 20Q2 (3) | 2.75 | 77.42 | 0.0 | 21.16 | 18.61 | 0.0 | 10.43 | 84.93 | 0.0 | 10.25 | 63.74 | 0.0 | 8.59 | 53.67 | 0.0 | 6.35 | 100.32 | 0.0 | 3.59 | 86.01 | 0.0 | 0.42 | 23.53 | 0.0 | 10.68 | 57.29 | 0.0 | 82.60 | 17.16 | 0.0 | 101.65 | 12.67 | 0.0 | -1.86 | -119.02 | 0.0 | 6.35 | -13.25 | 0.0 |
| 20Q1 (2) | 1.55 | -3.13 | 0.0 | 17.84 | -5.01 | 0.0 | 5.64 | -19.31 | 0.0 | 6.26 | -7.4 | 0.0 | 5.59 | 5.27 | 0.0 | 3.17 | -0.94 | 0.0 | 1.93 | -3.5 | 0.0 | 0.34 | -10.53 | 0.0 | 6.79 | -5.96 | 0.0 | 70.50 | 19.37 | 0.0 | 90.22 | -12.79 | 0.0 | 9.78 | 383.56 | 0.0 | 7.32 | 11.42 | 0.0 |
| 19Q4 (1) | 1.60 | 0.0 | 0.0 | 18.78 | 0.0 | 0.0 | 6.99 | 0.0 | 0.0 | 6.76 | 0.0 | 0.0 | 5.31 | 0.0 | 0.0 | 3.20 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 7.22 | 0.0 | 0.0 | 59.06 | 0.0 | 0.0 | 103.45 | 0.0 | 0.0 | -3.45 | 0.0 | 0.0 | 6.57 | 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) | 7.54 | -13.23 | 20.16 | -6.71 | 6.04 | -12.72 | 0.94 | 27.06 | 6.41 | -23.33 | 5.15 | -28.17 | 11.00 | -20.75 | 6.74 | -16.38 | 1.30 | 16.07 | 7.45 | -19.11 | 61.83 | -6.37 | 94.17 | 13.72 | 5.83 | -66.09 | 0.17 | 266.91 | 7.84 | -11.91 |
| 2022 (9) | 8.69 | -55.82 | 21.61 | -23.23 | 6.92 | -55.27 | 0.74 | 74.52 | 8.36 | -45.99 | 7.17 | -42.41 | 13.88 | -54.58 | 8.06 | -54.77 | 1.12 | -21.68 | 9.21 | -42.26 | 66.04 | -18.31 | 82.81 | -17.14 | 17.19 | 26201.89 | 0.05 | 25.56 | 8.90 | 13.09 |
| 2021 (8) | 19.67 | 74.07 | 28.15 | 30.87 | 15.47 | 49.18 | 0.43 | 4.29 | 15.48 | 49.42 | 12.45 | 47.86 | 30.56 | 39.42 | 17.82 | 29.79 | 1.43 | -12.27 | 15.95 | 47.69 | 80.84 | 34.04 | 99.93 | -0.17 | 0.07 | 0 | 0.04 | -36.82 | 7.87 | 15.23 |
| 2020 (7) | 11.30 | 128.28 | 21.51 | 18.32 | 10.37 | 81.29 | 0.41 | -14.57 | 10.36 | 77.09 | 8.42 | 73.61 | 21.92 | 111.79 | 13.73 | 106.78 | 1.63 | 18.98 | 10.80 | 69.01 | 60.31 | 2.12 | 100.11 | 2.46 | -0.11 | 0 | 0.06 | 104.46 | 6.83 | -6.57 |
| 2019 (6) | 4.95 | 0.81 | 18.18 | -18.29 | 5.72 | -12.4 | 0.48 | 62.1 | 5.85 | -14.1 | 4.85 | -16.67 | 10.35 | 3.09 | 6.64 | 2.47 | 1.37 | 23.42 | 6.39 | -11.13 | 59.06 | 10.97 | 97.71 | 1.81 | 2.29 | -43.17 | 0.03 | -45.27 | 7.31 | -21.82 |
| 2018 (5) | 4.91 | 22.14 | 22.25 | 4.66 | 6.53 | 19.16 | 0.29 | 29.11 | 6.81 | 11.64 | 5.82 | 21.25 | 10.04 | 28.39 | 6.48 | 24.62 | 1.11 | 2.78 | 7.19 | 11.47 | 53.22 | -7.51 | 95.97 | 6.8 | 4.03 | -60.22 | 0.05 | 0 | 9.35 | -0.11 |
| 2017 (4) | 4.02 | 189.21 | 21.26 | 11.02 | 5.48 | 95.71 | 0.23 | -9.82 | 6.10 | 128.46 | 4.80 | 177.46 | 7.82 | 263.72 | 5.20 | 242.11 | 1.08 | 22.73 | 6.45 | 113.58 | 57.54 | 31.91 | 89.86 | -14.21 | 10.14 | 0 | 0.00 | 0 | 9.36 | 5.88 |
| 2016 (3) | 1.39 | -33.49 | 19.15 | -2.64 | 2.80 | -42.86 | 0.25 | 40.33 | 2.67 | -41.96 | 1.73 | -39.51 | 2.15 | -38.4 | 1.52 | -42.42 | 0.88 | -3.3 | 3.02 | -37.86 | 43.62 | 12.31 | 104.74 | -1.77 | -4.74 | 0 | 0.00 | 0 | 8.84 | 14.81 |
| 2015 (2) | 2.09 | -52.5 | 19.67 | 7.02 | 4.90 | -23.79 | 0.18 | -10.87 | 4.60 | -27.79 | 2.86 | -47.81 | 3.49 | -55.99 | 2.64 | -54.87 | 0.91 | -14.95 | 4.86 | -26.25 | 38.84 | 34.49 | 106.63 | 5.69 | -6.33 | 0 | 0.00 | 0 | 7.70 | 25.82 |
| 2014 (1) | 4.40 | -52.33 | 18.38 | 0 | 6.43 | 0 | 0.20 | 248.97 | 6.37 | 0 | 5.48 | 0 | 7.93 | 0 | 5.85 | 0 | 1.07 | -9.32 | 6.59 | -46.6 | 28.88 | -30.98 | 100.88 | 10.76 | -0.88 | 0 | 0.00 | 0 | 6.12 | 22.16 |
