- 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) | 2.34 | 59.18 | 13.04 | 30.18 | 22.63 | 26.01 | 14.86 | 108.42 | 65.29 | 16.14 | 30.16 | 40.96 | 13.12 | 38.25 | 43.54 | 5.13 | 55.93 | 4.91 | 3.52 | 56.44 | 21.8 | 0.26 | 13.04 | -16.13 | 21.35 | 12.55 | 21.1 | 44.75 | -11.77 | -44.28 | 92.21 | 60.83 | 17.72 | 7.79 | -81.74 | -64.05 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.47 | 167.27 | -1.34 | 24.61 | 20.17 | 20.28 | 7.13 | 258.29 | 39.8 | 12.40 | 159.41 | 39.33 | 9.49 | 156.49 | 27.55 | 3.29 | 178.81 | -12.03 | 2.25 | 167.86 | -0.88 | 0.23 | 9.52 | -23.33 | 18.97 | 49.37 | 22.31 | 50.72 | 5.1 | -27.41 | 57.33 | 35.52 | -0.38 | 42.67 | -26.04 | 0.52 | 24.58 | -3.46 | 15.45 |
| 24Q1 (18) | 0.55 | 25.0 | -42.11 | 20.48 | 5.13 | -4.48 | 1.99 | -42.49 | -68.61 | 4.78 | 25.13 | -22.15 | 3.70 | 42.86 | -24.95 | 1.18 | 16.83 | -48.47 | 0.84 | 20.0 | -42.86 | 0.21 | -8.7 | -25.0 | 12.70 | 12.99 | -4.44 | 48.26 | -7.39 | -29.67 | 42.31 | -53.09 | -59.07 | 57.69 | 488.46 | 1811.54 | 25.46 | 24.5 | 21.59 |
| 23Q4 (17) | 0.44 | -78.74 | -29.03 | 19.48 | -18.66 | -0.92 | 3.46 | -61.51 | -25.27 | 3.82 | -66.64 | 8.22 | 2.59 | -71.66 | -3.0 | 1.01 | -79.35 | -18.55 | 0.70 | -75.78 | -12.5 | 0.23 | -25.81 | -14.81 | 11.24 | -36.25 | 6.04 | 52.11 | -35.11 | -19.46 | 90.20 | 15.16 | -31.03 | 9.80 | -54.77 | 131.86 | 20.45 | 15.02 | -7.3 |
| 23Q3 (16) | 2.07 | 38.93 | 109.09 | 23.95 | 17.06 | 25.59 | 8.99 | 76.27 | 112.53 | 11.45 | 28.65 | 70.39 | 9.14 | 22.85 | 85.02 | 4.89 | 30.75 | 106.33 | 2.89 | 27.31 | 112.5 | 0.31 | 3.33 | 19.23 | 17.63 | 13.67 | 24.95 | 80.31 | 14.94 | 8.7 | 78.33 | 36.09 | 24.33 | 21.67 | -48.94 | -41.42 | 17.78 | -16.49 | -13.86 |
| 23Q2 (15) | 1.49 | 56.84 | 16.41 | 20.46 | -4.57 | 10.12 | 5.10 | -19.56 | 4.51 | 8.90 | 44.95 | 27.87 | 7.44 | 50.91 | 30.07 | 3.74 | 63.32 | 15.43 | 2.27 | 54.42 | 35.93 | 0.30 | 7.14 | 7.14 | 15.51 | 16.7 | 13.79 | 69.87 | 1.82 | -26.37 | 57.55 | -44.32 | -18.18 | 42.45 | 1359.23 | 43.1 | 21.29 | 1.67 | 10.65 |
| 23Q1 (14) | 0.95 | 53.23 | -30.15 | 21.44 | 9.05 | 10.29 | 6.34 | 36.93 | 10.07 | 6.14 | 73.94 | -18.78 | 4.93 | 84.64 | -19.05 | 2.29 | 84.68 | -32.65 | 1.47 | 83.75 | -15.52 | 0.28 | 3.7 | 0.0 | 13.29 | 25.38 | -8.09 | 68.62 | 6.06 | -36.17 | 103.37 | -20.95 | 36.01 | -3.37 | 89.04 | -114.04 | 20.94 | -5.08 | 5.28 |
| 22Q4 (13) | 0.62 | -37.37 | 40.91 | 19.66 | 3.09 | 18.22 | 4.63 | 9.46 | 157.22 | 3.53 | -47.47 | 17.67 | 2.67 | -45.95 | 20.81 | 1.24 | -47.68 | 8.77 | 0.80 | -41.18 | 29.03 | 0.27 | 3.85 | 3.85 | 10.60 | -24.88 | -1.3 | 64.70 | -12.43 | -31.52 | 130.77 | 107.57 | 117.95 | -30.77 | -183.16 | -176.92 | 22.06 | 6.88 | 7.66 |
| 22Q3 (12) | 0.99 | -22.66 | -31.25 | 19.07 | 2.64 | -2.7 | 4.23 | -13.32 | -36.39 | 6.72 | -3.45 | -7.82 | 4.94 | -13.64 | -19.28 | 2.37 | -26.85 | -38.44 | 1.36 | -18.56 | -27.66 | 0.26 | -7.14 | -13.33 | 14.11 | 3.52 | 2.47 | 73.88 | -22.14 | -29.29 | 63.00 | -10.43 | -30.97 | 37.00 | 24.74 | 323.82 | 20.64 | 7.28 | 15.89 |
| 22Q2 (11) | 1.28 | -5.88 | 10.34 | 18.58 | -4.42 | -5.4 | 4.88 | -15.28 | 9.42 | 6.96 | -7.94 | 21.04 | 5.72 | -6.08 | 5.54 | 3.24 | -4.71 | -1.22 | 1.67 | -4.02 | 9.15 | 0.28 | 0.0 | 3.7 | 13.63 | -5.74 | 5.5 | 94.89 | -11.74 | -22.02 | 70.34 | -7.45 | -8.56 | 29.66 | 23.59 | 34.96 | 19.24 | -3.27 | -0.31 |
| 22Q1 (10) | 1.36 | 209.09 | 248.72 | 19.44 | 16.9 | 2.53 | 5.76 | 220.0 | 152.63 | 7.56 | 152.0 | 208.57 | 6.09 | 175.57 | 195.63 | 3.40 | 198.25 | 220.75 | 1.74 | 180.65 | 200.0 | 0.28 | 7.69 | 16.67 | 14.46 | 34.64 | 33.64 | 107.51 | 13.79 | -15.31 | 76.00 | 26.67 | -19.1 | 24.00 | -40.0 | 296.0 | 19.89 | -2.93 | -9.01 |
| 21Q4 (9) | 0.44 | -69.44 | 202.33 | 16.63 | -15.15 | 7.71 | 1.80 | -72.93 | 169.5 | 3.00 | -58.85 | 273.41 | 2.21 | -63.89 | 250.34 | 1.14 | -70.39 | 265.22 | 0.62 | -67.02 | 369.57 | 0.26 | -13.33 | 18.18 | 10.74 | -22.0 | 52.34 | 94.48 | -9.58 | -15.14 | 60.00 | -34.26 | -58.75 | 40.00 | 358.18 | 180.0 | 20.49 | 15.05 | 2.86 |
| 21Q3 (8) | 1.44 | 24.14 | 193.88 | 19.60 | -0.2 | 5.49 | 6.65 | 49.1 | 199.55 | 7.29 | 26.78 | 120.24 | 6.12 | 12.92 | 130.08 | 3.85 | 17.38 | 181.02 | 1.88 | 22.88 | 164.79 | 0.30 | 11.11 | 30.43 | 13.77 | 6.58 | 19.95 | 104.49 | -14.13 | -13.06 | 91.27 | 18.65 | 33.86 | 8.73 | -60.28 | -74.39 | 17.81 | -7.72 | -12.35 |
| 21Q2 (7) | 1.16 | 197.44 | -32.56 | 19.64 | 3.59 | -11.37 | 4.46 | 95.61 | -42.6 | 5.75 | 134.69 | -33.83 | 5.42 | 163.11 | -30.42 | 3.28 | 209.43 | -27.59 | 1.53 | 163.79 | -28.84 | 0.27 | 12.5 | 3.85 | 12.92 | 19.41 | -18.18 | 121.68 | -4.15 | -2.16 | 76.92 | -18.11 | -14.3 | 21.98 | 262.64 | 99.37 | 19.30 | -11.71 | 0 |
| 21Q1 (6) | 0.39 | 190.7 | 192.86 | 18.96 | 22.8 | 29.24 | 2.28 | 188.03 | 149.67 | 2.45 | 241.62 | 162.34 | 2.06 | 240.14 | 147.36 | 1.06 | 253.62 | 165.84 | 0.58 | 352.17 | 193.55 | 0.24 | 9.09 | 41.18 | 10.82 | 53.48 | 51.97 | 126.95 | 14.03 | 10.87 | 93.94 | -35.42 | -21.35 | 6.06 | 112.12 | 136.36 | 21.86 | 9.74 | 0 |
| 20Q4 (5) | -0.43 | -187.76 | -315.0 | 15.44 | -16.9 | -13.69 | -2.59 | -216.67 | -257.93 | -1.73 | -152.27 | -208.12 | -1.47 | -155.26 | -426.67 | -0.69 | -150.36 | -413.64 | -0.23 | -132.39 | -192.0 | 0.22 | -4.35 | 0.0 | 7.05 | -38.59 | -28.72 | 111.33 | -7.37 | -0.84 | 145.45 | 113.33 | 45.45 | -50.00 | -246.67 | -900.0 | 19.92 | -1.97 | -15.45 |
| 20Q3 (4) | 0.49 | -71.51 | 0.0 | 18.58 | -16.16 | 0.0 | 2.22 | -71.43 | 0.0 | 3.31 | -61.91 | 0.0 | 2.66 | -65.85 | 0.0 | 1.37 | -69.76 | 0.0 | 0.71 | -66.98 | 0.0 | 0.23 | -11.54 | 0.0 | 11.48 | -27.3 | 0.0 | 120.19 | -3.36 | 0.0 | 68.18 | -24.04 | 0.0 | 34.09 | 209.25 | 0.0 | 20.32 | 0 | 0.0 |
| 20Q2 (3) | 1.72 | 509.52 | 0.0 | 22.16 | 51.06 | 0.0 | 7.77 | 269.28 | 0.0 | 8.69 | 321.12 | 0.0 | 7.79 | 279.08 | 0.0 | 4.53 | 381.37 | 0.0 | 2.15 | 446.77 | 0.0 | 0.26 | 52.94 | 0.0 | 15.79 | 121.77 | 0.0 | 124.37 | 8.62 | 0.0 | 89.76 | -24.85 | 0.0 | 11.02 | 166.14 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.42 | -310.0 | 0.0 | 14.67 | -18.0 | 0.0 | -4.59 | -379.88 | 0.0 | -3.93 | -345.62 | 0.0 | -4.35 | -1066.67 | 0.0 | -1.61 | -831.82 | 0.0 | -0.62 | -348.0 | 0.0 | 0.17 | -22.73 | 0.0 | 7.12 | -28.01 | 0.0 | 114.50 | 1.99 | 0.0 | 119.44 | 19.44 | 0.0 | -16.67 | -233.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 17.89 | 0.0 | 0.0 | 1.64 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 9.89 | 0.0 | 0.0 | 112.27 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -5.00 | 0.0 | 0.0 | 23.56 | 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) | 4.94 | 16.24 | 21.49 | 12.1 | 6.16 | 25.71 | 6.24 | -4.98 | 7.87 | 25.72 | 6.28 | 27.64 | 11.70 | 15.27 | 7.77 | 31.25 | 1.18 | 2.61 | 14.66 | 10.56 | 52.11 | -19.46 | 78.22 | -0.09 | 21.78 | 0.31 | 0.75 | -14.53 | 20.01 | -1.91 |
| 2022 (9) | 4.25 | 29.57 | 19.17 | 2.24 | 4.90 | 24.05 | 6.56 | -5.0 | 6.26 | 30.69 | 4.92 | 20.29 | 10.15 | 13.28 | 5.92 | 25.42 | 1.15 | 6.48 | 13.26 | 8.87 | 64.70 | -31.52 | 78.28 | -4.97 | 21.72 | 23.2 | 0.88 | 1.52 | 20.40 | 3.34 |
| 2021 (8) | 3.28 | 139.42 | 18.75 | 3.48 | 3.95 | 186.23 | 6.91 | -11.75 | 4.79 | 110.09 | 4.09 | 123.5 | 8.96 | 157.47 | 4.72 | 130.24 | 1.08 | 20.0 | 12.18 | 12.57 | 94.48 | -15.14 | 82.37 | 36.09 | 17.63 | -55.34 | 0.87 | -2.0 | 19.74 | -7.67 |
| 2020 (7) | 1.37 | 77.92 | 18.12 | 0.55 | 1.38 | 0 | 7.83 | 5.1 | 2.28 | 293.1 | 1.83 | 0 | 3.48 | 0 | 2.05 | 236.07 | 0.90 | 4.65 | 10.82 | 18.9 | 111.33 | -0.84 | 60.53 | 0 | 39.47 | -64.47 | 0.89 | 4.54 | 21.38 | -14.72 |
| 2019 (6) | 0.77 | -55.23 | 18.02 | -3.79 | -0.06 | 0 | 7.45 | 15.83 | 0.58 | -74.22 | 0.00 | 0 | 0.00 | 0 | 0.61 | -68.06 | 0.86 | 0.0 | 9.10 | -3.7 | 112.27 | 10.67 | -11.11 | 0 | 111.11 | 211.73 | 0.85 | 119.85 | 25.07 | 9.05 |
| 2018 (5) | 1.72 | -50.72 | 18.73 | -11.57 | 1.44 | -73.28 | 6.43 | 16.39 | 2.25 | -62.37 | 1.73 | -66.86 | 2.85 | -65.87 | 1.91 | -62.18 | 0.86 | -5.49 | 9.45 | -21.58 | 101.45 | 29.22 | 64.36 | -28.68 | 35.64 | 264.99 | 0.39 | 0 | 22.99 | 5.6 |
| 2017 (4) | 3.49 | 27.84 | 21.18 | 7.57 | 5.39 | 50.14 | 5.53 | 16.61 | 5.98 | 21.79 | 5.22 | 32.49 | 8.35 | 25.0 | 5.05 | 22.57 | 0.91 | -8.08 | 12.05 | 19.54 | 78.51 | 9.36 | 90.23 | 22.74 | 9.77 | -63.75 | 0.00 | 0 | 21.77 | -10.71 |
| 2016 (3) | 2.73 | 8.33 | 19.69 | -1.01 | 3.59 | -5.77 | 4.74 | 2.8 | 4.91 | -7.18 | 3.94 | 7.65 | 6.68 | 11.33 | 4.12 | 11.05 | 0.99 | 4.21 | 10.08 | -3.45 | 71.79 | 2.44 | 73.52 | 2.32 | 26.94 | -4.3 | 0.00 | 0 | 24.38 | -7.02 |
| 2015 (2) | 2.52 | -65.85 | 19.89 | -25.03 | 3.81 | -68.64 | 4.61 | 42.31 | 5.29 | -57.1 | 3.66 | -62.5 | 6.00 | -68.99 | 3.71 | -66.73 | 0.95 | -14.41 | 10.44 | -38.84 | 70.08 | -4.87 | 71.85 | -27.0 | 28.15 | 1889.36 | 0.00 | 0 | 26.22 | 15.3 |
| 2014 (1) | 7.38 | -4.03 | 26.53 | 0 | 12.15 | 0 | 3.24 | 4.81 | 12.33 | 0 | 9.76 | 0 | 19.35 | 0 | 11.15 | 0 | 1.11 | -5.93 | 17.07 | -9.2 | 73.67 | -11.31 | 98.43 | -0.09 | 1.42 | -4.62 | 0.00 | 0 | 22.74 | 4.89 |
