- 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) | 1.87 | 835.0 | 790.48 | 83.53 | 0.35 | 2.21 | 68.25 | -1.43 | 1.01 | 642.06 | 802.66 | 811.76 | 514.40 | 802.46 | 803.72 | 9.51 | 764.55 | 805.71 | 7.47 | 758.62 | 778.82 | 0.01 | -50.0 | 0.0 | 656.41 | 753.37 | 746.98 | 26.29 | -7.75 | 7.79 | 10.63 | -88.98 | -88.98 | 89.37 | 2402.36 | 2402.36 | 12.30 | 8.47 | 3.62 |
| 24Q2 (19) | 0.20 | -9.09 | -4.76 | 83.24 | 0.04 | 2.26 | 69.24 | -2.12 | 1.99 | 71.13 | -2.73 | 1.31 | 57.00 | -2.45 | 1.32 | 1.10 | -1.79 | 5.77 | 0.87 | -3.33 | 3.57 | 0.02 | 0.0 | 100.0 | 76.92 | -1.45 | -0.75 | 28.50 | 7.34 | 15.95 | 96.43 | -0.25 | 0.0 | 3.57 | 7.14 | 0.0 | 11.34 | 3.85 | 2.25 |
| 24Q1 (18) | 0.22 | 4.76 | 10.0 | 83.21 | 1.34 | 1.8 | 70.74 | 4.01 | 9.56 | 73.13 | 2.97 | 8.97 | 58.43 | 3.45 | 7.8 | 1.12 | 7.69 | 15.46 | 0.90 | 7.14 | 13.92 | 0.02 | 100.0 | 100.0 | 78.05 | 0.71 | 4.07 | 26.55 | 10.86 | 7.36 | 96.67 | 0.12 | 0.38 | 3.33 | -3.33 | -10.0 | 10.92 | -5.04 | -0.73 |
| 23Q4 (17) | 0.21 | 0.0 | -4.55 | 82.11 | 0.48 | 1.25 | 68.01 | 0.65 | 0.62 | 71.02 | 0.85 | -1.0 | 56.48 | -0.77 | -1.41 | 1.04 | -0.95 | 2.97 | 0.84 | -1.18 | 2.44 | 0.01 | 0.0 | 0.0 | 77.50 | 0.0 | -0.7 | 23.95 | -1.8 | 5.74 | 96.55 | 0.13 | 0.0 | 3.45 | -3.45 | -50.0 | 11.50 | -3.12 | 1.32 |
| 23Q3 (16) | 0.21 | 0.0 | 0.0 | 81.72 | 0.39 | -0.16 | 67.57 | -0.47 | -0.09 | 70.42 | 0.3 | -0.06 | 56.92 | 1.17 | 1.08 | 1.05 | 0.96 | 6.06 | 0.85 | 1.19 | 18.06 | 0.01 | 0.0 | 0.0 | 77.50 | 0.0 | 0.0 | 24.39 | -0.77 | 4.9 | 96.43 | 0.0 | 0.0 | 3.57 | 0.0 | 0.0 | 11.87 | 7.03 | 0.59 |
| 23Q2 (15) | 0.21 | 5.0 | 0.0 | 81.40 | -0.42 | -0.62 | 67.89 | 5.14 | 0.83 | 70.21 | 4.62 | -2.59 | 56.26 | 3.8 | -2.12 | 1.04 | 7.22 | 18.18 | 0.84 | 6.33 | 25.37 | 0.01 | 0.0 | 0.0 | 77.50 | 3.33 | -3.12 | 24.58 | -0.61 | -53.02 | 96.43 | 0.14 | 3.57 | 3.57 | -3.57 | -48.21 | 11.09 | 0.82 | 1.65 |
| 23Q1 (14) | 0.20 | -9.09 | -9.09 | 81.74 | 0.79 | 0.0 | 64.57 | -4.47 | -6.8 | 67.11 | -6.45 | -7.75 | 54.20 | -5.39 | -6.98 | 0.97 | -3.96 | 19.75 | 0.79 | -3.66 | 16.18 | 0.01 | 0.0 | 0.0 | 75.00 | -3.91 | -6.25 | 24.73 | 9.18 | 36.18 | 96.30 | -0.26 | -0.26 | 3.70 | -46.3 | 7.41 | 11.00 | -3.08 | 1.76 |
| 22Q4 (13) | 0.22 | 4.76 | -45.0 | 81.10 | -0.92 | -1.74 | 67.59 | -0.06 | -1.8 | 71.74 | 1.82 | -10.45 | 57.29 | 1.74 | -47.82 | 1.01 | 2.02 | -33.55 | 0.82 | 13.89 | -35.94 | 0.01 | 0.0 | 0.0 | 78.05 | 0.71 | -10.8 | 22.65 | -2.58 | 23.91 | 96.55 | 0.13 | 14.43 | 6.90 | 93.1 | -44.83 | 11.35 | -3.81 | 7.08 |
| 22Q3 (12) | 0.21 | 0.0 | 10.53 | 81.85 | -0.07 | 1.27 | 67.63 | 0.45 | 8.73 | 70.46 | -2.25 | 5.61 | 56.31 | -2.04 | 5.43 | 0.99 | 12.5 | 54.69 | 0.72 | 7.46 | 30.91 | 0.01 | 0.0 | 0.0 | 77.50 | -3.12 | 4.22 | 23.25 | -55.56 | 19.23 | 96.43 | 3.57 | 0.29 | 3.57 | -48.21 | -53.57 | 11.80 | 8.16 | -31.28 |
| 22Q2 (11) | 0.21 | -4.55 | 10.53 | 81.91 | 0.21 | 3.59 | 67.33 | -2.81 | 2.59 | 72.08 | -0.92 | 1.25 | 57.48 | -1.36 | 0.58 | 0.88 | 8.64 | 60.0 | 0.67 | -1.47 | 39.58 | 0.01 | 0.0 | 0.0 | 80.00 | 0.0 | 2.85 | 52.32 | 188.11 | 239.96 | 93.10 | -3.57 | 1.2 | 6.90 | 100.0 | -13.79 | 10.91 | 0.93 | -4.47 |
| 22Q1 (10) | 0.22 | -45.0 | -96.31 | 81.74 | -0.97 | 3.23 | 69.28 | 0.65 | 7.49 | 72.75 | -9.19 | -96.12 | 58.27 | -46.93 | -96.86 | 0.81 | -46.71 | -95.81 | 0.68 | -46.88 | -95.81 | 0.01 | 0.0 | 0.0 | 80.00 | -8.57 | -95.74 | 18.16 | -0.66 | 18.08 | 96.55 | 14.43 | 2649.63 | 3.45 | -72.41 | -96.43 | 10.81 | 1.98 | -11.83 |
| 21Q4 (9) | 0.40 | 110.53 | 166.67 | 82.54 | 2.13 | 6.19 | 68.83 | 10.66 | 4.08 | 80.11 | 20.07 | 30.96 | 109.79 | 105.56 | 122.88 | 1.52 | 137.5 | 186.79 | 1.28 | 132.73 | 190.91 | 0.01 | 0.0 | 0.0 | 87.50 | 17.67 | 25.54 | 18.28 | -6.26 | -22.58 | 84.38 | -12.25 | -23.3 | 12.50 | 62.5 | 225.0 | 10.60 | -38.26 | -29.0 |
| 21Q3 (8) | 0.19 | 0.0 | -97.69 | 80.82 | 2.21 | 12.48 | 62.20 | -5.23 | 15.94 | 66.72 | -6.28 | -97.72 | 53.41 | -6.54 | -98.17 | 0.64 | 16.36 | -98.16 | 0.55 | 14.58 | -97.86 | 0.01 | 0.0 | 0.0 | 74.36 | -4.4 | -97.45 | 19.50 | 26.71 | -2.21 | 96.15 | 4.52 | 5308.65 | 7.69 | -3.85 | -92.17 | 17.17 | 50.35 | 11.64 |
| 21Q2 (7) | 0.19 | -96.82 | -36.67 | 79.07 | -0.14 | 4.65 | 65.63 | 1.83 | 13.68 | 71.19 | -96.2 | -45.26 | 57.15 | -96.92 | -44.94 | 0.55 | -97.15 | -59.26 | 0.48 | -97.04 | -50.52 | 0.01 | 0.0 | 0.0 | 77.78 | -95.86 | -45.2 | 15.39 | 0.07 | -73.76 | 92.00 | 2520.0 | 109.56 | 8.00 | -91.71 | -85.74 | 11.42 | -6.85 | 0 |
| 21Q1 (6) | 5.97 | 3880.0 | 4875.0 | 79.18 | 1.87 | 5.64 | 64.45 | -2.54 | 40.91 | 1873.58 | 2962.91 | 3275.21 | 1857.28 | 3670.36 | 4234.38 | 19.31 | 3543.4 | 3840.82 | 16.22 | 3586.36 | 3955.0 | 0.01 | 0.0 | 0.0 | 1880.00 | 2597.27 | 2813.83 | 15.38 | -34.86 | -35.05 | 3.51 | -96.81 | -95.74 | 96.49 | 1064.89 | 446.77 | 12.26 | -17.88 | -36.41 |
| 20Q4 (5) | 0.15 | -98.18 | -87.07 | 77.73 | 8.18 | 5.3 | 66.13 | 23.26 | -1.12 | 61.17 | -97.91 | -8.73 | 49.26 | -98.31 | -87.79 | 0.53 | -98.48 | 29.27 | 0.44 | -98.28 | 33.33 | 0.01 | 0.0 | 0.0 | 69.70 | -97.61 | 20.05 | 23.61 | 18.41 | -2.96 | 110.00 | 6087.5 | 10.0 | -10.00 | -110.18 | 0 | 14.93 | -2.93 | 103.17 |
| 20Q3 (4) | 8.24 | 2646.67 | 0.0 | 71.85 | -4.91 | 0.0 | 53.65 | -7.07 | 0.0 | 2932.14 | 2154.63 | 0.0 | 2918.65 | 2712.07 | 0.0 | 34.85 | 2481.48 | 0.0 | 25.65 | 2544.33 | 0.0 | 0.01 | 0.0 | 0.0 | 2916.13 | 1954.48 | 0.0 | 19.94 | -66.0 | 0.0 | 1.78 | -95.95 | 0.0 | 98.22 | 75.09 | 0.0 | 15.38 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 150.0 | 0.0 | 75.56 | 0.81 | 0.0 | 57.73 | 26.21 | 0.0 | 130.05 | 134.28 | 0.0 | 103.79 | 142.22 | 0.0 | 1.35 | 175.51 | 0.0 | 0.97 | 142.5 | 0.0 | 0.01 | 0.0 | 0.0 | 141.94 | 119.99 | 0.0 | 58.65 | 147.68 | 0.0 | 43.90 | -46.69 | 0.0 | 56.10 | 217.89 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | -89.66 | 0.0 | 74.95 | 1.53 | 0.0 | 45.74 | -31.61 | 0.0 | 55.51 | -17.17 | 0.0 | 42.85 | -89.38 | 0.0 | 0.49 | 19.51 | 0.0 | 0.40 | 21.21 | 0.0 | 0.01 | 0.0 | 0.0 | 64.52 | 11.13 | 0.0 | 23.68 | -2.67 | 0.0 | 82.35 | -17.65 | 0.0 | 17.65 | 0 | 0.0 | 19.28 | 104.09 | 0.0 |
| 19Q4 (1) | 1.16 | 0.0 | 0.0 | 73.82 | 0.0 | 0.0 | 66.88 | 0.0 | 0.0 | 67.02 | 0.0 | 0.0 | 403.55 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 58.06 | 0.0 | 0.0 | 24.33 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -471.63 | 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) | 0.83 | -2.35 | 81.74 | 0.11 | 67.01 | -1.4 | 6.88 | 1.25 | 69.69 | -2.88 | 55.97 | -2.39 | 3.96 | 11.86 | 3.23 | 9.49 | 0.06 | 20.0 | 76.88 | -2.7 | 23.95 | 5.74 | 96.43 | 1.69 | 3.57 | -30.95 | 0.00 | 0 | 11.36 | 1.25 |
| 2022 (9) | 0.85 | -87.41 | 81.65 | 1.45 | 67.96 | 4.07 | 6.79 | -15.12 | 71.76 | -85.44 | 57.34 | -88.3 | 3.54 | -85.67 | 2.95 | -85.56 | 0.05 | 25.0 | 79.01 | -84.2 | 22.65 | 23.91 | 94.83 | 614.11 | 5.17 | -94.04 | 0.00 | 0 | 11.22 | -13.09 |
| 2021 (8) | 6.75 | -23.3 | 80.48 | 7.22 | 65.30 | 16.67 | 8.00 | -16.67 | 492.83 | -36.83 | 490.09 | -35.86 | 24.71 | -26.24 | 20.43 | -24.45 | 0.04 | 0.0 | 500.00 | -36.93 | 18.28 | -22.58 | 13.28 | 85.53 | 86.72 | -6.59 | 0.00 | 0 | 12.91 | -17.4 |
| 2020 (7) | 8.80 | 45.7 | 75.06 | -1.12 | 55.97 | -9.65 | 9.60 | -75.2 | 780.16 | 1151.46 | 764.10 | -27.77 | 33.50 | 2891.07 | 27.04 | 3197.56 | 0.04 | 100.0 | 792.80 | 680.24 | 23.61 | -2.96 | 7.16 | -92.65 | 92.84 | 0 | 0.00 | 0 | 15.63 | -97.1 |
| 2019 (6) | 6.04 | 49.88 | 75.91 | 184.2 | 61.95 | 4262.68 | 38.71 | 1612.9 | 62.34 | 50.83 | 1057.92 | 2464.03 | 1.12 | -94.18 | 0.82 | -93.25 | 0.02 | -93.1 | 101.61 | 133.05 | 24.33 | -51.35 | 97.44 | 2751.62 | 0.00 | 0 | 0.00 | 0 | 538.44 | 884.53 |
| 2018 (5) | 4.03 | 410.13 | 26.71 | -6.21 | 1.42 | -40.59 | 2.26 | 7.25 | 41.33 | 445.97 | 41.26 | 448.67 | 19.25 | 391.07 | 12.15 | 408.37 | 0.29 | -6.45 | 43.60 | 343.54 | 50.01 | -26.45 | 3.42 | -89.12 | 96.58 | 40.78 | 0.00 | 0 | 54.69 | -3.15 |
| 2017 (4) | 0.79 | -10.23 | 28.48 | -8.34 | 2.39 | -67.53 | 2.11 | 10.83 | 7.57 | -2.07 | 7.52 | 3.01 | 3.92 | -4.62 | 2.39 | -4.4 | 0.31 | -8.82 | 9.83 | 1.76 | 67.99 | 5.18 | 31.40 | -66.99 | 68.60 | 1299.53 | 0.00 | 0 | 56.47 | 5.73 |
| 2016 (3) | 0.88 | -76.9 | 31.07 | -5.33 | 7.36 | -30.24 | 1.90 | 5.59 | 7.73 | -74.38 | 7.30 | -74.53 | 4.11 | -76.66 | 2.50 | -76.12 | 0.34 | -8.11 | 9.66 | -69.8 | 64.64 | 1.14 | 95.10 | 172.78 | 4.90 | -92.45 | 0.00 | 0 | 53.41 | 1.31 |
| 2015 (2) | 3.81 | 220.17 | 32.82 | 12.74 | 10.55 | 26.35 | 1.80 | 6.99 | 30.17 | 217.58 | 28.66 | 242.0 | 17.61 | 210.58 | 10.47 | 221.17 | 0.37 | -5.13 | 31.99 | 185.62 | 63.91 | -12.4 | 34.86 | -60.27 | 64.91 | 430.08 | 0.00 | 0 | 52.72 | 1.7 |
| 2014 (1) | 1.19 | -4.8 | 29.11 | 0 | 8.35 | 0 | 1.68 | -9.8 | 9.50 | 0 | 8.38 | 0 | 5.67 | 0 | 3.26 | 0 | 0.39 | -2.5 | 11.20 | -3.7 | 72.96 | -2.09 | 87.76 | -7.5 | 12.24 | 138.78 | 0.00 | 0 | 51.84 | 1.83 |
