- 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) | 5.34 | -21.12 | -3.09 | 51.60 | 2.12 | 12.47 | 22.20 | 1.83 | 55.68 | 18.08 | -29.73 | -6.08 | 14.60 | -23.4 | -3.38 | 5.98 | -27.16 | -21.32 | 3.57 | -23.23 | -8.93 | 0.24 | 0.0 | -4.0 | 20.71 | -26.56 | -3.63 | 68.55 | -6.65 | -19.97 | 122.67 | 44.75 | 65.67 | -22.67 | -248.59 | -187.34 | 13.82 | -0.79 | 5.34 |
| 24Q2 (19) | 6.77 | 23.32 | 16.52 | 50.53 | 0.22 | 9.32 | 21.80 | 38.59 | 42.2 | 25.73 | 4.51 | 24.48 | 19.06 | -3.2 | 21.4 | 8.21 | 17.79 | -4.42 | 4.65 | 18.02 | 15.38 | 0.24 | 20.0 | -4.0 | 28.20 | 1.84 | 21.76 | 73.43 | -14.12 | -34.91 | 84.74 | 32.69 | 14.19 | 15.26 | -57.78 | -40.84 | 13.93 | -15.78 | -3.2 |
| 24Q1 (18) | 5.49 | 71.03 | 114.45 | 50.42 | -5.26 | 10.59 | 15.73 | -16.46 | 17.04 | 24.62 | 98.71 | 95.71 | 19.69 | 100.71 | 128.16 | 6.97 | 79.64 | 69.59 | 3.94 | 64.17 | 103.09 | 0.20 | -9.09 | -4.76 | 27.69 | 72.31 | 78.99 | 85.50 | 13.38 | -32.94 | 63.87 | -57.94 | -40.22 | 36.13 | 169.69 | 628.86 | 16.54 | -23.25 | 4.03 |
| 23Q4 (17) | 3.21 | -41.74 | 47.25 | 53.22 | 16.0 | 13.62 | 18.83 | 32.05 | 50.52 | 12.39 | -35.64 | 43.24 | 9.81 | -35.08 | 55.96 | 3.88 | -48.95 | 15.48 | 2.40 | -38.78 | 53.85 | 0.22 | -12.0 | -4.35 | 16.07 | -25.22 | 42.97 | 75.41 | -11.97 | -37.39 | 151.85 | 105.08 | 4.83 | -51.85 | -299.77 | -15.6 | 21.55 | 64.25 | 2.42 |
| 23Q3 (16) | 5.51 | -5.16 | -8.62 | 45.88 | -0.74 | 3.01 | 14.26 | -6.98 | 23.57 | 19.25 | -6.87 | -4.13 | 15.11 | -3.76 | -4.97 | 7.60 | -11.53 | -25.93 | 3.92 | -2.73 | -6.67 | 0.25 | 0.0 | -3.85 | 21.49 | -7.21 | -3.89 | 85.66 | -24.07 | -38.52 | 74.04 | -0.23 | 28.75 | 25.96 | 0.66 | -38.91 | 13.12 | -8.83 | -2.45 |
| 23Q2 (15) | 5.81 | 126.95 | 34.49 | 46.22 | 1.38 | 16.81 | 15.33 | 14.06 | 35.54 | 20.67 | 64.31 | 35.19 | 15.70 | 81.92 | 33.62 | 8.59 | 109.0 | 4.37 | 4.03 | 107.73 | 22.12 | 0.25 | 19.05 | -7.41 | 23.16 | 49.71 | 32.87 | 112.82 | -11.51 | -29.86 | 74.21 | -30.53 | 0.53 | 25.79 | 477.42 | -0.69 | 14.39 | -9.5 | 7.23 |
| 23Q1 (14) | 2.56 | 17.43 | 61.01 | 45.59 | -2.67 | 24.26 | 13.44 | 7.43 | 181.76 | 12.58 | 45.43 | 66.4 | 8.63 | 37.2 | 47.52 | 4.11 | 22.32 | 26.85 | 1.94 | 24.36 | 44.78 | 0.21 | -8.7 | -4.55 | 15.47 | 37.63 | 51.37 | 127.50 | 5.85 | -15.5 | 106.83 | -26.25 | 68.58 | -6.83 | 84.77 | -118.36 | 15.90 | -24.43 | -4.33 |
| 22Q4 (13) | 2.18 | -63.85 | 177.3 | 46.84 | 5.16 | 33.22 | 12.51 | 8.41 | 342.91 | 8.65 | -56.92 | 168.33 | 6.29 | -60.44 | 164.05 | 3.36 | -67.25 | 164.0 | 1.56 | -62.86 | 178.39 | 0.23 | -11.54 | 9.52 | 11.24 | -49.73 | 213.31 | 120.45 | -13.56 | -24.24 | 144.86 | 151.87 | 254.52 | -44.86 | -205.57 | -175.39 | 21.04 | 56.43 | -3.31 |
| 22Q3 (12) | 6.03 | 39.58 | 888.52 | 44.54 | 12.56 | 30.42 | 11.54 | 2.03 | 352.55 | 20.08 | 31.33 | 594.81 | 15.90 | 35.32 | 591.3 | 10.26 | 24.67 | 727.42 | 4.20 | 27.27 | 650.0 | 0.26 | -3.7 | 18.18 | 22.36 | 28.28 | 304.34 | 139.34 | -13.37 | -7.86 | 57.51 | -22.09 | -34.56 | 42.49 | 63.63 | 250.53 | 13.45 | 0.22 | -17.99 |
| 22Q2 (11) | 4.32 | 171.7 | 928.57 | 39.57 | 7.85 | 5.32 | 11.31 | 137.11 | 291.35 | 15.29 | 102.25 | 476.98 | 11.75 | 100.85 | 549.17 | 8.23 | 154.01 | 804.4 | 3.30 | 146.27 | 667.44 | 0.27 | 22.73 | 35.0 | 17.43 | 70.55 | 214.62 | 160.84 | 6.59 | 7.63 | 73.82 | 16.49 | -32.23 | 25.97 | -30.22 | 390.82 | 13.42 | -19.25 | -23.27 |
| 22Q1 (10) | 1.59 | 156.38 | 76.67 | 36.69 | 4.35 | -1.21 | 4.77 | 192.62 | 21.99 | 7.56 | 159.72 | 70.65 | 5.85 | 159.57 | 78.9 | 3.24 | 161.71 | 91.72 | 1.34 | 167.34 | 74.03 | 0.22 | 4.76 | 0.0 | 10.22 | 203.02 | 42.54 | 150.89 | -5.09 | 1.36 | 63.37 | 55.09 | -27.99 | 37.21 | -37.46 | 210.08 | 16.62 | -23.62 | 2.15 |
| 21Q4 (9) | -2.82 | -562.3 | -316.92 | 35.16 | 2.96 | -11.86 | -5.15 | -301.96 | -154.61 | -12.66 | -538.06 | -300.63 | -9.82 | -526.96 | -308.94 | -5.25 | -523.39 | -299.62 | -1.99 | -455.36 | -267.23 | 0.21 | -4.55 | -12.5 | -9.92 | -279.39 | -212.98 | 158.99 | 5.13 | 20.45 | 40.86 | -53.5 | -72.59 | 59.50 | 390.86 | 219.75 | 21.76 | 32.68 | -1.0 |
| 21Q3 (8) | 0.61 | 45.24 | -78.89 | 34.15 | -9.1 | -21.19 | 2.55 | -11.76 | -81.59 | 2.89 | 9.06 | -75.15 | 2.30 | 27.07 | -73.32 | 1.24 | 36.26 | -76.91 | 0.56 | 30.23 | -75.86 | 0.22 | 10.0 | -15.38 | 5.53 | -0.18 | -60.33 | 151.23 | 1.2 | 9.89 | 87.88 | -19.32 | -26.26 | 12.12 | 235.76 | 163.23 | 16.40 | -6.23 | 15.25 |
| 21Q2 (7) | 0.42 | -53.33 | -58.42 | 37.57 | 1.16 | -3.91 | 2.89 | -26.09 | -45.06 | 2.65 | -40.18 | -40.18 | 1.81 | -44.65 | -54.52 | 0.91 | -46.15 | -52.6 | 0.43 | -44.16 | -50.57 | 0.20 | -9.09 | 0.0 | 5.54 | -22.73 | -25.94 | 149.44 | 0.39 | 8.02 | 108.93 | 23.78 | -7.67 | -8.93 | -174.4 | 53.26 | 17.49 | 7.5 | -5.46 |
| 21Q1 (6) | 0.90 | -30.77 | 76.47 | 37.14 | -6.89 | -5.4 | 3.91 | -58.54 | 23.34 | 4.43 | -29.79 | 27.3 | 3.27 | -30.43 | 47.3 | 1.69 | -35.74 | 69.0 | 0.77 | -35.29 | 50.98 | 0.22 | -8.33 | 15.79 | 7.17 | -18.34 | 5.6 | 148.86 | 12.77 | 7.36 | 88.00 | -40.96 | -3.34 | 12.00 | 124.15 | 34.0 | 16.27 | -25.98 | 0 |
| 20Q4 (5) | 1.30 | -55.02 | 225.0 | 39.89 | -7.94 | 18.26 | 9.43 | -31.91 | 732.89 | 6.31 | -45.74 | 219.51 | 4.70 | -45.48 | 227.03 | 2.63 | -51.02 | 225.24 | 1.19 | -48.71 | 240.0 | 0.24 | -7.69 | -4.0 | 8.78 | -37.02 | 412.46 | 132.00 | -4.08 | -0.29 | 149.06 | 25.08 | 429.54 | -49.69 | -159.19 | -169.15 | 21.98 | 54.46 | 0 |
| 20Q3 (4) | 2.89 | 186.14 | 0.0 | 43.33 | 10.82 | 0.0 | 13.85 | 163.31 | 0.0 | 11.63 | 162.53 | 0.0 | 8.62 | 116.58 | 0.0 | 5.37 | 179.69 | 0.0 | 2.32 | 166.67 | 0.0 | 0.26 | 30.0 | 0.0 | 13.94 | 86.36 | 0.0 | 137.62 | -0.52 | 0.0 | 119.17 | 1.01 | 0.0 | -19.17 | -0.36 | 0.0 | 14.23 | -23.08 | 0.0 |
| 20Q2 (3) | 1.01 | 98.04 | 0.0 | 39.10 | -0.41 | 0.0 | 5.26 | 65.93 | 0.0 | 4.43 | 27.3 | 0.0 | 3.98 | 79.28 | 0.0 | 1.92 | 92.0 | 0.0 | 0.87 | 70.59 | 0.0 | 0.20 | 5.26 | 0.0 | 7.48 | 10.16 | 0.0 | 138.34 | -0.22 | 0.0 | 117.98 | 29.58 | 0.0 | -19.10 | -313.3 | 0.0 | 18.50 | 0 | 0.0 |
| 20Q1 (2) | 0.51 | 149.04 | 0.0 | 39.26 | 16.39 | 0.0 | 3.17 | 312.75 | 0.0 | 3.48 | 165.91 | 0.0 | 2.22 | 160.0 | 0.0 | 1.00 | 147.62 | 0.0 | 0.51 | 160.0 | 0.0 | 0.19 | -24.0 | 0.0 | 6.79 | 341.64 | 0.0 | 138.65 | 4.73 | 0.0 | 91.04 | 223.45 | 0.0 | 8.96 | -87.54 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.04 | 0.0 | 0.0 | 33.73 | 0.0 | 0.0 | -1.49 | 0.0 | 0.0 | -5.28 | 0.0 | 0.0 | -3.70 | 0.0 | 0.0 | -2.10 | 0.0 | 0.0 | -0.85 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | -2.81 | 0.0 | 0.0 | 132.39 | 0.0 | 0.0 | 28.15 | 0.0 | 0.0 | 71.85 | 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) | 16.58 | 17.67 | 47.68 | 13.07 | 15.46 | 49.52 | 2.04 | 3.89 | 16.51 | 23.49 | 12.57 | 21.8 | 23.13 | -5.36 | 12.44 | 16.59 | 0.94 | -6.0 | 19.31 | 22.37 | 75.41 | -37.39 | 93.65 | 21.1 | 6.35 | -71.9 | 0.69 | -2.59 | 16.09 | 0.63 |
| 2022 (9) | 14.09 | 0 | 42.17 | 17.2 | 10.34 | 875.47 | 1.96 | -16.06 | 13.37 | 0 | 10.32 | 0 | 24.44 | 0 | 10.67 | 0 | 1.00 | 19.05 | 15.78 | 651.43 | 120.45 | -24.24 | 77.33 | 0 | 22.60 | -91.47 | 0.71 | -7.13 | 15.99 | -10.97 |
| 2021 (8) | -0.89 | 0 | 35.98 | -11.38 | 1.06 | -87.51 | 2.34 | 0.27 | -0.64 | 0 | -0.59 | 0 | -1.21 | 0 | -0.24 | 0 | 0.84 | -3.45 | 2.10 | -78.15 | 158.99 | 20.45 | -164.91 | 0 | 264.91 | 0 | 0.76 | 0.69 | 17.96 | -0.83 |
| 2020 (7) | 5.72 | -8.48 | 40.60 | 0.12 | 8.49 | 18.91 | 2.33 | 3.2 | 6.87 | 2.23 | 5.17 | -4.61 | 10.48 | -7.99 | 4.79 | -11.3 | 0.87 | -7.45 | 9.61 | 2.67 | 132.00 | -0.29 | 123.73 | 16.49 | -23.73 | 0 | 0.76 | -4.57 | 18.11 | 3.37 |
| 2019 (6) | 6.25 | -13.43 | 40.55 | -3.18 | 7.14 | -9.62 | 2.26 | 82.67 | 6.72 | -31.29 | 5.42 | -23.77 | 11.39 | -16.86 | 5.40 | -19.28 | 0.94 | 4.44 | 9.36 | -17.97 | 132.39 | 17.02 | 106.21 | 31.55 | -6.21 | 0 | 0.79 | -12.22 | 17.52 | -2.18 |
| 2018 (5) | 7.22 | 1.55 | 41.88 | -5.14 | 7.90 | -32.25 | 1.24 | 28.52 | 9.78 | -3.17 | 7.11 | -3.66 | 13.70 | -1.01 | 6.69 | -16.17 | 0.90 | -15.09 | 11.41 | 0.88 | 113.13 | -0.58 | 80.74 | -30.01 | 19.26 | 0 | 0.90 | -5.26 | 17.91 | 8.28 |
| 2017 (4) | 7.11 | -21.18 | 44.15 | -4.02 | 11.66 | -9.82 | 0.96 | 2.05 | 10.10 | -21.34 | 7.38 | -29.11 | 13.84 | -25.31 | 7.98 | -39.95 | 1.06 | -17.19 | 11.31 | -18.16 | 113.79 | 186.19 | 115.36 | 14.46 | -15.36 | 0 | 0.95 | 0 | 16.54 | -1.37 |
| 2016 (3) | 9.02 | 21.07 | 46.00 | 4.4 | 12.93 | 19.39 | 0.94 | -13.93 | 12.84 | 5.68 | 10.41 | 10.63 | 18.53 | 11.96 | 13.29 | 15.87 | 1.28 | 5.79 | 13.82 | 3.21 | 39.76 | 1.69 | 100.78 | 13.16 | -0.67 | 0 | 0.00 | 0 | 16.77 | 4.68 |
| 2015 (2) | 7.45 | 32.09 | 44.06 | 5.61 | 10.83 | 27.41 | 1.09 | -14.77 | 12.15 | 12.5 | 9.41 | 10.45 | 16.55 | 26.34 | 11.47 | 32.45 | 1.21 | 21.0 | 13.39 | 9.13 | 39.10 | -25.75 | 89.06 | 13.19 | 10.81 | -49.28 | 0.00 | 0 | 16.02 | -9.54 |
| 2014 (1) | 5.64 | 5.22 | 41.72 | 0 | 8.50 | 0 | 1.28 | -9.85 | 10.80 | 0 | 8.52 | 0 | 13.10 | 0 | 8.66 | 0 | 1.00 | -2.91 | 12.27 | 9.16 | 52.66 | -2.59 | 78.69 | -13.21 | 21.31 | 128.3 | 0.00 | 0 | 17.71 | 0.17 |
