- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 0.84 | -6.67 | 71.43 | 8.75 | -25.34 | -3.1 | 1.51 | -79.14 | -41.47 | 4.94 | -9.69 | 21.67 | 4.15 | -5.25 | 35.18 | 2.88 | -9.72 | 46.19 | 1.01 | -2.88 | 50.75 | 0.20 | 0.0 | 11.11 | 6.62 | -7.28 | 23.74 | 242.39 | -5.53 | -3.29 | 30.30 | -77.04 | -50.62 | 69.70 | 317.8 | 80.39 | 5.47 | 107.2 | 10.51 |
| 24Q3 (19) | 0.90 | -42.31 | 433.33 | 11.72 | -35.64 | -2.25 | 7.24 | -22.48 | 28.14 | 5.47 | -43.08 | 511.28 | 4.38 | -43.63 | 477.59 | 3.19 | -44.43 | 422.22 | 1.04 | -38.46 | 2180.0 | 0.20 | 0.0 | -9.09 | 7.14 | -35.91 | 2646.15 | 256.57 | -11.34 | -9.16 | 132.00 | 36.22 | 131.86 | -32.00 | -1132.0 | -106.22 | 2.64 | -64.42 | -14.56 |
| 24Q2 (18) | 1.56 | 81.4 | 143.75 | 18.21 | 36.81 | 44.52 | 9.34 | 37.76 | -5.08 | 9.61 | 64.84 | 190.33 | 7.77 | 66.74 | 222.41 | 5.74 | 78.26 | 143.22 | 1.69 | 60.95 | 48.25 | 0.20 | 5.26 | -13.04 | 11.14 | 52.81 | 60.75 | 289.39 | 9.96 | -6.88 | 96.90 | -16.94 | -67.51 | 3.10 | 118.6 | 101.56 | 7.42 | 46.06 | 358.02 |
| 24Q1 (17) | 0.86 | 75.51 | 7.5 | 13.31 | 47.4 | 30.36 | 6.78 | 162.79 | 36.97 | 5.83 | 43.6 | 61.5 | 4.66 | 51.79 | 61.25 | 3.22 | 63.45 | 13.38 | 1.05 | 56.72 | -17.97 | 0.19 | 5.56 | -24.0 | 7.29 | 36.26 | 7.52 | 263.17 | 5.0 | -25.39 | 116.67 | 90.12 | -15.38 | -16.67 | -143.14 | 54.17 | 5.08 | 2.63 | 33.68 |
| 23Q4 (16) | 0.49 | 281.48 | -73.51 | 9.03 | -24.69 | -23.08 | 2.58 | -54.34 | 44.13 | 4.06 | 405.26 | -45.06 | 3.07 | 364.66 | -62.88 | 1.97 | 298.99 | -69.41 | 0.67 | 1440.0 | -71.24 | 0.18 | -18.18 | -28.0 | 5.35 | 1957.69 | -42.1 | 250.64 | -11.26 | 3.0 | 61.36 | 114.81 | 157.26 | 38.64 | -92.49 | -49.26 | 4.95 | 60.19 | -38.51 |
| 23Q3 (15) | -0.27 | -142.19 | -134.18 | 11.99 | -4.84 | -28.88 | 5.65 | -42.58 | -53.8 | -1.33 | -140.18 | -120.85 | -1.16 | -148.13 | -138.16 | -0.99 | -141.95 | -134.74 | -0.05 | -104.39 | -104.2 | 0.22 | -4.35 | -33.33 | 0.26 | -96.25 | -96.54 | 282.45 | -9.12 | 53.53 | -414.29 | -238.89 | -315.03 | 514.29 | 359.38 | 660.57 | 3.09 | 90.74 | -6.65 |
| 23Q2 (14) | 0.64 | -20.0 | -63.64 | 12.60 | 23.41 | -32.76 | 9.84 | 98.79 | -17.24 | 3.31 | -8.31 | -61.15 | 2.41 | -16.61 | -64.66 | 2.36 | -16.9 | -64.24 | 1.14 | -10.94 | -54.4 | 0.23 | -8.0 | -32.35 | 6.93 | 2.21 | -26.12 | 310.78 | -11.89 | 60.32 | 298.28 | 116.33 | 113.05 | -198.28 | -445.26 | -404.39 | 1.62 | -57.37 | -71.07 |
| 23Q1 (13) | 0.80 | -56.76 | -36.51 | 10.21 | -13.03 | -33.7 | 4.95 | 176.54 | -48.76 | 3.61 | -51.15 | -47.68 | 2.89 | -65.05 | -47.64 | 2.84 | -55.9 | -39.19 | 1.28 | -45.06 | -28.89 | 0.25 | 0.0 | -19.35 | 6.78 | -26.62 | -9.72 | 352.72 | 44.95 | 110.47 | 137.88 | 478.03 | -1.11 | -36.36 | -147.75 | 9.96 | 3.80 | -52.8 | -12.84 |
| 22Q4 (12) | 1.85 | 134.18 | 58.12 | 11.74 | -30.37 | -16.2 | 1.79 | -85.36 | -71.27 | 7.39 | 15.83 | 14.22 | 8.27 | 172.04 | 59.96 | 6.44 | 125.96 | 44.39 | 2.33 | 95.8 | 35.47 | 0.25 | -24.24 | -21.88 | 9.24 | 22.87 | 29.41 | 243.34 | 32.27 | 41.64 | 23.85 | -87.62 | -75.11 | 76.15 | 183.0 | 1727.52 | 8.05 | 143.2 | 35.07 |
| 22Q3 (11) | 0.79 | -55.11 | -30.7 | 16.86 | -10.03 | 38.77 | 12.23 | 2.86 | 120.76 | 6.38 | -25.12 | 6.87 | 3.04 | -55.43 | -36.4 | 2.85 | -56.82 | -40.75 | 1.19 | -52.4 | -35.68 | 0.33 | -2.94 | -10.81 | 7.52 | -19.83 | 14.11 | 183.97 | -5.1 | 7.09 | 192.66 | 37.61 | 105.95 | -91.74 | -133.38 | -1318.87 | 3.31 | -40.89 | -40.47 |
| 22Q2 (10) | 1.76 | 39.68 | 66.04 | 18.74 | 21.69 | 91.81 | 11.89 | 23.08 | 222.22 | 8.52 | 23.48 | 63.22 | 6.82 | 23.55 | 66.34 | 6.60 | 41.33 | 39.24 | 2.50 | 38.89 | 31.58 | 0.34 | 9.68 | -22.73 | 9.38 | 24.9 | 60.62 | 193.85 | 15.67 | 13.7 | 140.00 | 0.41 | 97.78 | -39.31 | 2.66 | -234.56 | 5.60 | 28.44 | 38.27 |
| 22Q1 (9) | 1.26 | 7.69 | 5.0 | 15.40 | 9.92 | 20.97 | 9.66 | 55.06 | 47.71 | 6.90 | 6.65 | 6.81 | 5.52 | 6.77 | 7.39 | 4.67 | 4.71 | -13.2 | 1.80 | 4.65 | -22.75 | 0.31 | -3.13 | -29.55 | 7.51 | 5.18 | 6.83 | 167.59 | -2.45 | 4.91 | 139.42 | 45.48 | 36.66 | -40.38 | -1069.23 | -3898.08 | 4.36 | -26.85 | -5.42 |
| 21Q4 (8) | 1.17 | 2.63 | 95.0 | 14.01 | 15.31 | 59.2 | 6.23 | 12.45 | 167.38 | 6.47 | 8.38 | 49.77 | 5.17 | 8.16 | 50.73 | 4.46 | -7.28 | 67.04 | 1.72 | -7.03 | 40.98 | 0.32 | -13.51 | -5.88 | 7.14 | 8.35 | 37.31 | 171.80 | 0.01 | 45.09 | 95.83 | 2.44 | 77.47 | 4.17 | -44.64 | -90.94 | 5.96 | 7.19 | 12.88 |
| 21Q3 (7) | 1.14 | 7.55 | 26.67 | 12.15 | 24.36 | -3.03 | 5.54 | 50.14 | 15.9 | 5.97 | 14.37 | 0.0 | 4.78 | 16.59 | 0.84 | 4.81 | 1.48 | 15.62 | 1.85 | -2.63 | 7.56 | 0.37 | -15.91 | 5.71 | 6.59 | 12.84 | -2.23 | 171.79 | 0.76 | 18.63 | 93.55 | 32.16 | 15.38 | 7.53 | -74.23 | -62.87 | 5.56 | 37.28 | 8.17 |
| 21Q2 (6) | 1.06 | -11.67 | -4.5 | 9.77 | -23.25 | -16.78 | 3.69 | -43.58 | -27.08 | 5.22 | -19.2 | -20.55 | 4.10 | -20.23 | -22.5 | 4.74 | -11.9 | -11.4 | 1.90 | -18.45 | -16.67 | 0.44 | 0.0 | 10.0 | 5.84 | -16.93 | -22.85 | 170.50 | 6.74 | 8.47 | 70.79 | -30.62 | -7.67 | 29.21 | 2992.13 | 25.2 | 4.05 | -12.15 | 0 |
| 21Q1 (5) | 1.20 | 100.0 | 110.53 | 12.73 | 44.66 | 18.97 | 6.54 | 180.69 | 47.3 | 6.46 | 49.54 | 64.8 | 5.14 | 49.85 | 64.74 | 5.38 | 101.5 | 100.0 | 2.33 | 90.98 | 75.19 | 0.44 | 29.41 | 18.92 | 7.03 | 35.19 | 35.98 | 159.74 | 34.9 | 9.19 | 102.02 | 88.93 | -9.53 | -1.01 | -102.2 | 92.09 | 4.61 | -12.69 | 0 |
| 20Q4 (4) | 0.60 | -33.33 | 0.0 | 8.80 | -29.77 | 0.0 | 2.33 | -51.26 | 0.0 | 4.32 | -27.64 | 0.0 | 3.43 | -27.64 | 0.0 | 2.67 | -35.82 | 0.0 | 1.22 | -29.07 | 0.0 | 0.34 | -2.86 | 0.0 | 5.20 | -22.85 | 0.0 | 118.41 | -18.23 | 0.0 | 54.00 | -33.4 | 0.0 | 46.00 | 126.93 | 0.0 | 5.28 | 2.72 | 0.0 |
| 20Q3 (3) | 0.90 | -18.92 | 0.0 | 12.53 | 6.73 | 0.0 | 4.78 | -5.53 | 0.0 | 5.97 | -9.13 | 0.0 | 4.74 | -10.4 | 0.0 | 4.16 | -22.24 | 0.0 | 1.72 | -24.56 | 0.0 | 0.35 | -12.5 | 0.0 | 6.74 | -10.96 | 0.0 | 144.81 | -7.88 | 0.0 | 81.08 | 5.76 | 0.0 | 20.27 | -13.13 | 0.0 | 5.14 | 0 | 0.0 |
| 20Q2 (2) | 1.11 | 94.74 | 0.0 | 11.74 | 9.72 | 0.0 | 5.06 | 13.96 | 0.0 | 6.57 | 67.6 | 0.0 | 5.29 | 69.55 | 0.0 | 5.35 | 98.88 | 0.0 | 2.28 | 71.43 | 0.0 | 0.40 | 8.11 | 0.0 | 7.57 | 46.42 | 0.0 | 157.19 | 7.45 | 0.0 | 76.67 | -32.01 | 0.0 | 23.33 | 282.78 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (1) | 0.57 | 0.0 | 0.0 | 10.70 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 3.92 | 0.0 | 0.0 | 3.12 | 0.0 | 0.0 | 2.69 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 5.17 | 0.0 | 0.0 | 146.29 | 0.0 | 0.0 | 112.77 | 0.0 | 0.0 | -12.77 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 4.16 | 152.12 | 12.97 | 16.85 | 6.21 | 2.64 | 0.42 | 30.89 | 6.47 | 170.71 | 5.24 | 192.74 | 14.65 | 145.39 | 4.95 | 45.59 | 0.81 | -15.62 | 8.07 | 63.36 | 242.39 | -3.29 | 95.91 | -62.45 | 4.09 | 0 | 0.03 | -62.15 | 5.14 | 59.13 |
| 2023 (9) | 1.65 | -70.8 | 11.10 | -29.88 | 6.05 | -33.66 | 0.32 | 19.72 | 2.39 | -67.31 | 1.79 | -69.35 | 5.97 | -69.6 | 3.40 | -51.57 | 0.96 | -11.93 | 4.94 | -41.19 | 250.64 | 3.0 | 255.41 | 104.67 | -155.41 | 0 | 0.08 | 5.68 | 3.23 | -38.59 |
| 2022 (8) | 5.65 | 23.63 | 15.83 | 30.93 | 9.12 | 67.34 | 0.27 | -1.98 | 7.31 | 21.63 | 5.84 | 22.18 | 19.64 | 9.97 | 7.02 | -6.9 | 1.09 | -27.81 | 8.40 | 26.89 | 243.34 | 41.64 | 124.79 | 37.56 | -24.79 | 0 | 0.07 | 272.31 | 5.26 | 4.78 |
| 2021 (7) | 4.57 | 43.71 | 12.09 | 9.81 | 5.45 | 29.45 | 0.27 | -41.47 | 6.01 | 14.26 | 4.78 | 13.81 | 17.86 | 27.3 | 7.54 | 10.07 | 1.51 | 0.0 | 6.62 | 6.26 | 171.80 | 45.09 | 90.72 | 13.29 | 9.28 | -53.4 | 0.02 | -67.04 | 5.02 | 3.29 |
| 2020 (6) | 3.18 | 14.8 | 11.01 | -15.89 | 4.21 | -21.6 | 0.46 | -13.41 | 5.26 | -5.73 | 4.20 | -4.76 | 14.03 | 12.24 | 6.85 | 2.85 | 1.51 | 17.97 | 6.23 | -13.59 | 118.41 | -3.65 | 80.08 | -16.66 | 19.92 | 409.15 | 0.06 | -50.71 | 4.86 | -4.52 |
| 2019 (5) | 2.77 | 2.21 | 13.09 | -6.1 | 5.37 | -14.35 | 0.53 | 144.68 | 5.58 | 3.33 | 4.41 | 2.56 | 12.50 | 0.73 | 6.66 | -2.63 | 1.28 | -7.91 | 7.21 | 10.92 | 122.89 | 2.43 | 96.09 | -17.27 | 3.91 | 0 | 0.12 | -2.42 | 5.09 | -4.32 |
| 2018 (4) | 2.71 | 5.45 | 13.94 | 16.46 | 6.27 | 27.7 | 0.22 | -7.32 | 5.40 | 3.85 | 4.30 | 0.0 | 12.41 | 4.9 | 6.84 | -3.66 | 1.39 | -9.74 | 6.50 | 9.98 | 119.98 | 26.2 | 116.14 | 22.94 | -16.14 | 0 | 0.13 | 0 | 5.32 | 4.93 |
| 2017 (3) | 2.57 | -2.65 | 11.97 | -12.82 | 4.91 | -14.16 | 0.24 | -26.98 | 5.20 | -20.12 | 4.30 | -19.48 | 11.83 | -8.22 | 7.10 | -8.51 | 1.54 | 10.0 | 5.91 | -17.11 | 95.07 | 56.88 | 94.47 | 7.82 | 5.53 | -55.34 | 0.00 | 0 | 5.07 | -10.9 |
| 2016 (2) | 2.64 | -22.58 | 13.73 | -10.32 | 5.72 | -22.18 | 0.32 | 110.0 | 6.51 | -9.71 | 5.34 | -10.1 | 12.89 | -21.31 | 7.76 | -12.12 | 1.40 | -1.41 | 7.13 | -8.24 | 60.60 | -28.5 | 87.62 | -13.84 | 12.38 | 0 | 0.00 | 0 | 5.69 | -1.9 |
| 2015 (1) | 3.41 | 6.9 | 15.31 | 0 | 7.35 | 0 | 0.15 | -29.98 | 7.21 | 0 | 5.94 | 0 | 16.38 | 0 | 8.83 | 0 | 1.42 | -9.55 | 7.77 | 7.77 | 84.75 | -18.88 | 101.70 | 1.7 | -1.70 | 0 | 0.00 | 0 | 5.80 | 2.65 |
