- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 1.74 | 109.64 | 205.26 | 29.27 | -3.08 | 20.9 | 14.17 | -7.75 | 92.01 | 23.65 | 210.37 | 290.91 | 14.82 | 123.19 | 170.44 | 3.65 | 110.98 | 172.39 | 2.18 | 105.66 | 165.85 | 0.14 | -6.67 | 0.0 | 31.22 | 110.8 | 117.71 | 71.72 | -4.12 | -7.06 | 59.85 | -70.29 | -50.77 | 40.15 | 139.56 | 285.94 | 19.75 | 1.7 | -11.24 |
| 23Q4 (19) | 0.83 | -59.9 | 8400.0 | 30.20 | 3.25 | 32.11 | 15.36 | 20.19 | 135.58 | 7.62 | -61.16 | 756.18 | 6.64 | -59.46 | 8400.0 | 1.73 | -62.63 | 8750.0 | 1.06 | -58.27 | 1414.29 | 0.15 | 0.0 | 7.14 | 14.81 | -44.57 | 69.26 | 74.80 | -10.78 | -5.98 | 201.48 | 209.7 | -73.27 | -101.48 | -390.42 | 84.48 | 19.42 | -5.77 | 17.41 |
| 23Q3 (18) | 2.07 | 31.01 | 23.95 | 29.25 | 6.75 | 21.88 | 12.78 | 29.61 | 74.59 | 19.62 | 17.98 | 14.8 | 16.38 | 18.52 | 13.51 | 4.63 | 26.16 | 14.32 | 2.54 | 23.9 | 12.39 | 0.15 | 7.14 | 0.0 | 26.72 | 9.64 | 12.89 | 83.84 | -13.28 | -2.35 | 65.06 | 9.81 | 51.43 | 34.94 | -14.26 | -38.74 | 20.61 | -8.11 | -22.84 |
| 23Q2 (17) | 1.58 | 177.19 | 2.6 | 27.40 | 13.18 | 1.41 | 9.86 | 33.6 | -10.61 | 16.63 | 174.88 | 5.72 | 13.82 | 152.19 | 3.68 | 3.67 | 173.88 | -3.42 | 2.05 | 150.0 | -5.96 | 0.14 | 0.0 | -12.5 | 24.37 | 69.94 | 6.14 | 96.68 | 25.28 | 19.05 | 59.25 | -51.27 | -15.46 | 40.75 | 288.76 | 36.21 | 22.43 | 0.81 | 14.09 |
| 23Q1 (16) | 0.57 | 5800.0 | -44.12 | 24.21 | 5.91 | -2.54 | 7.38 | 13.19 | -3.91 | 6.05 | 579.78 | -46.08 | 5.48 | 6950.0 | -40.76 | 1.34 | 6800.0 | -47.45 | 0.82 | 1071.43 | -46.05 | 0.14 | 0.0 | -12.5 | 14.34 | 63.89 | -23.03 | 77.17 | -3.0 | 4.61 | 121.59 | -83.87 | 76.77 | -21.59 | 96.7 | -167.91 | 22.25 | 34.52 | -9.15 |
| 22Q4 (15) | -0.01 | -100.6 | -101.01 | 22.86 | -4.75 | -7.3 | 6.52 | -10.93 | -25.14 | 0.89 | -94.79 | -89.48 | -0.08 | -100.55 | -100.94 | -0.02 | -100.49 | -100.78 | 0.07 | -96.9 | -95.39 | 0.14 | -6.67 | -22.22 | 8.75 | -63.03 | -40.92 | 79.56 | -7.34 | 12.98 | 753.85 | 1654.75 | 632.76 | -653.85 | -1246.3 | -22621.15 | 16.54 | -38.08 | -22.27 |
| 22Q3 (14) | 1.67 | 8.44 | 46.49 | 24.00 | -11.18 | -7.83 | 7.32 | -33.64 | -32.03 | 17.09 | 8.65 | 48.48 | 14.43 | 8.25 | 58.05 | 4.05 | 6.58 | 34.11 | 2.26 | 3.67 | 24.86 | 0.15 | -6.25 | -25.0 | 23.67 | 3.09 | 38.18 | 85.86 | 5.73 | 14.05 | 42.96 | -38.7 | -54.08 | 57.04 | 90.63 | 786.31 | 26.71 | 35.86 | 31.25 |
| 22Q2 (13) | 1.54 | 50.98 | 57.14 | 27.02 | 8.78 | 7.39 | 11.03 | 43.62 | -1.87 | 15.73 | 40.2 | 58.41 | 13.33 | 44.11 | 72.22 | 3.80 | 49.02 | 53.85 | 2.18 | 43.42 | 34.57 | 0.16 | 0.0 | -23.81 | 22.96 | 23.24 | 50.66 | 81.21 | 10.09 | 26.85 | 70.08 | 1.88 | -38.1 | 29.92 | -5.88 | 326.36 | 19.66 | -19.72 | 3.42 |
| 22Q1 (12) | 1.02 | 3.03 | 10.87 | 24.84 | 0.73 | 4.46 | 7.68 | -11.83 | -12.83 | 11.22 | 32.62 | 14.02 | 9.25 | 8.95 | 19.66 | 2.55 | -1.16 | 14.35 | 1.52 | 0.0 | -1.3 | 0.16 | -11.11 | -20.0 | 18.63 | 25.79 | 21.69 | 73.77 | 4.76 | 55.21 | 68.79 | -33.14 | -22.92 | 31.79 | 1204.77 | 195.48 | 24.49 | 15.08 | 20.82 |
| 21Q4 (11) | 0.99 | -13.16 | 67.8 | 24.66 | -5.3 | -6.48 | 8.71 | -19.13 | -8.99 | 8.46 | -26.5 | 21.2 | 8.49 | -7.01 | 71.17 | 2.58 | -14.57 | 76.71 | 1.52 | -16.02 | 49.02 | 0.18 | -10.0 | -10.0 | 14.81 | -13.54 | 18.96 | 70.42 | -6.46 | 56.07 | 102.88 | 9.95 | -24.87 | -2.88 | -144.71 | 92.21 | 21.28 | 4.57 | -5.08 |
| 21Q3 (10) | 1.14 | 16.33 | 6.54 | 26.04 | 3.5 | -3.38 | 10.77 | -4.18 | -20.52 | 11.51 | 15.91 | -3.6 | 9.13 | 17.96 | 3.05 | 3.02 | 22.27 | 5.23 | 1.81 | 11.73 | -9.05 | 0.20 | -4.76 | -9.09 | 17.13 | 12.4 | 1.66 | 75.28 | 17.59 | 60.96 | 93.56 | -17.36 | -17.56 | 6.44 | 148.69 | 147.67 | 20.35 | 7.05 | 35.04 |
| 21Q2 (9) | 0.98 | 6.52 | 68.97 | 25.16 | 5.8 | -4.48 | 11.24 | 27.58 | 14.0 | 9.93 | 0.91 | 13.1 | 7.74 | 0.13 | 19.44 | 2.47 | 10.76 | 41.14 | 1.62 | 5.19 | 28.57 | 0.21 | 5.0 | 10.53 | 15.24 | -0.46 | 4.17 | 64.02 | 34.69 | 43.32 | 113.22 | 26.87 | 0.44 | -13.22 | -222.85 | -3.86 | 19.01 | -6.22 | 0 |
| 21Q1 (8) | 0.92 | 55.93 | 170.59 | 23.78 | -9.82 | -0.71 | 8.81 | -7.94 | 160.65 | 9.84 | 40.97 | 51.15 | 7.73 | 55.85 | 44.49 | 2.23 | 52.74 | 118.63 | 1.54 | 50.98 | 102.63 | 0.20 | 0.0 | 42.86 | 15.31 | 22.97 | 3.1 | 47.53 | 5.34 | 27.09 | 89.24 | -34.83 | 72.53 | 10.76 | 129.13 | -77.71 | 20.27 | -9.59 | -20.38 |
| 20Q4 (7) | 0.59 | -44.86 | 118.52 | 26.37 | -2.15 | 11.36 | 9.57 | -29.37 | 23.48 | 6.98 | -41.54 | 70.66 | 4.96 | -44.02 | 41.31 | 1.46 | -49.13 | 71.76 | 1.02 | -48.74 | 61.9 | 0.20 | -9.09 | 17.65 | 12.45 | -26.11 | 17.01 | 45.12 | -3.53 | 19.94 | 136.94 | 20.65 | -26.86 | -36.94 | -173.61 | 58.67 | 22.42 | 48.77 | 4.42 |
| 20Q3 (6) | 1.07 | 84.48 | 22.99 | 26.95 | 2.32 | 0.6 | 13.55 | 37.42 | 33.76 | 11.94 | 35.99 | -6.79 | 8.86 | 36.73 | -16.34 | 2.87 | 64.0 | 4.74 | 1.99 | 57.94 | 0.51 | 0.22 | 15.79 | 15.79 | 16.85 | 15.17 | -11.73 | 46.77 | 4.7 | 17.16 | 113.50 | 0.69 | 43.27 | -13.50 | -6.07 | -164.97 | 15.07 | 0 | -20.73 |
| 20Q2 (5) | 0.58 | 70.59 | 100.0 | 26.34 | 9.98 | 21.55 | 9.86 | 191.72 | 183.33 | 8.78 | 34.87 | 37.83 | 6.48 | 21.12 | 52.83 | 1.75 | 71.57 | 90.22 | 1.26 | 65.79 | 77.46 | 0.19 | 35.71 | 26.67 | 14.63 | -1.48 | 5.48 | 44.67 | 19.44 | 13.87 | 112.73 | 117.94 | 103.54 | -12.73 | -126.36 | -127.58 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.34 | 25.93 | 0.0 | 23.95 | 1.14 | 0.0 | 3.38 | -56.39 | 0.0 | 6.51 | 59.17 | 0.0 | 5.35 | 52.42 | 0.0 | 1.02 | 20.0 | 0.0 | 0.76 | 20.63 | 0.0 | 0.14 | -17.65 | 0.0 | 14.85 | 39.57 | 0.0 | 37.40 | -0.58 | 0.0 | 51.72 | -72.37 | 0.0 | 48.28 | 154.02 | 0.0 | 25.46 | 18.58 | 0.0 |
| 19Q4 (3) | 0.27 | -68.97 | 0.0 | 23.68 | -11.61 | 0.0 | 7.75 | -23.49 | 0.0 | 4.09 | -68.07 | 0.0 | 3.51 | -66.86 | 0.0 | 0.85 | -68.98 | 0.0 | 0.63 | -68.18 | 0.0 | 0.17 | -10.53 | 0.0 | 10.64 | -44.26 | 0.0 | 37.62 | -5.76 | 0.0 | 187.23 | 136.34 | 0.0 | -89.36 | -530.05 | 0.0 | 21.47 | 12.94 | 0.0 |
| 19Q3 (2) | 0.87 | 200.0 | 0.0 | 26.79 | 23.63 | 0.0 | 10.13 | 191.09 | 0.0 | 12.81 | 101.1 | 0.0 | 10.59 | 149.76 | 0.0 | 2.74 | 197.83 | 0.0 | 1.98 | 178.87 | 0.0 | 0.19 | 26.67 | 0.0 | 19.09 | 37.64 | 0.0 | 39.92 | 1.76 | 0.0 | 79.22 | 43.04 | 0.0 | 20.78 | -54.98 | 0.0 | 19.01 | -6.81 | 0.0 |
| 19Q2 (1) | 0.29 | 0.0 | 0.0 | 21.67 | 0.0 | 0.0 | 3.48 | 0.0 | 0.0 | 6.37 | 0.0 | 0.0 | 4.24 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 13.87 | 0.0 | 0.0 | 39.23 | 0.0 | 0.0 | 55.38 | 0.0 | 0.0 | 46.15 | 0.0 | 0.0 | 20.40 | 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) | 5.01 | 18.72 | 27.95 | 13.11 | 11.58 | 41.74 | 6.47 | -0.85 | 12.71 | 11.39 | 10.76 | 14.59 | 11.14 | 7.22 | 6.66 | 8.47 | 0.58 | -7.94 | 20.23 | 8.24 | 74.80 | -5.98 | 91.18 | 27.37 | 8.82 | -68.96 | 1.49 | -14.36 | 21.09 | -3.79 |
| 2022 (9) | 4.22 | 4.46 | 24.71 | -0.92 | 8.17 | -17.72 | 6.52 | 24.13 | 11.41 | 14.56 | 9.39 | 13.41 | 10.39 | 2.06 | 6.14 | -6.4 | 0.63 | -19.23 | 18.69 | 19.35 | 79.56 | 12.98 | 71.59 | -28.2 | 28.41 | 9460.72 | 1.74 | -13.86 | 21.92 | 8.46 |
| 2021 (8) | 4.04 | 55.98 | 24.94 | -2.65 | 9.93 | 3.12 | 5.25 | -3.22 | 9.96 | 14.48 | 8.28 | 27.98 | 10.18 | 44.19 | 6.56 | 29.9 | 0.78 | 1.3 | 15.66 | 7.19 | 70.42 | 56.07 | 99.70 | -9.97 | 0.30 | 0 | 2.02 | -17.69 | 20.21 | 1.15 |
| 2020 (7) | 2.59 | 93.28 | 25.62 | 10.34 | 9.63 | 71.66 | 5.43 | -13.02 | 8.70 | 41.0 | 6.47 | 40.35 | 7.06 | 70.94 | 5.05 | 63.43 | 0.77 | 22.22 | 14.61 | 10.93 | 45.12 | 19.94 | 110.74 | 21.96 | -10.54 | 0 | 2.45 | -22.87 | 19.98 | -3.94 |
| 2019 (6) | 1.34 | -37.38 | 23.22 | 9.17 | 5.61 | 592.59 | 6.24 | 10.9 | 6.17 | -37.04 | 4.61 | -30.47 | 4.13 | -41.91 | 3.09 | -32.09 | 0.63 | 1.61 | 13.17 | -21.18 | 37.62 | -15.12 | 90.80 | 1012.36 | 9.20 | -89.96 | 3.18 | 417.46 | 20.80 | -11.71 |
| 2018 (5) | 2.14 | 145.98 | 21.27 | -6.05 | 0.81 | -84.02 | 5.63 | -8.05 | 9.80 | 112.12 | 6.63 | 192.07 | 7.11 | 124.29 | 4.55 | 128.64 | 0.62 | -6.06 | 16.71 | 43.68 | 44.32 | -62.94 | 8.16 | -92.57 | 91.58 | 0 | 0.61 | 0 | 23.56 | 11.82 |
| 2017 (4) | 0.87 | 45.0 | 22.64 | 11.75 | 5.07 | 469.66 | 6.12 | -20.95 | 4.62 | 63.25 | 2.27 | 19.47 | 3.17 | 48.13 | 1.99 | 23.6 | 0.66 | 20.0 | 11.63 | -1.52 | 119.58 | 19.54 | 109.83 | 245.17 | -9.83 | 0 | 0.00 | 0 | 21.07 | -20.04 |
| 2016 (3) | 0.60 | -41.75 | 20.26 | 10.41 | 0.89 | 0 | 7.74 | 3.66 | 2.83 | -29.25 | 1.90 | -34.93 | 2.14 | -36.87 | 1.61 | -27.15 | 0.55 | -1.79 | 11.81 | -7.23 | 100.03 | -7.52 | 31.82 | 0 | 68.18 | -59.33 | 0.00 | 0 | 26.35 | -13.95 |
| 2015 (2) | 1.03 | -6.36 | 18.35 | -12.45 | -2.69 | 0 | 7.47 | 20.89 | 4.00 | 13.96 | 2.92 | -5.19 | 3.39 | -8.38 | 2.21 | -7.53 | 0.56 | -5.08 | 12.73 | 17.44 | 108.16 | -0.23 | -66.91 | 0 | 167.65 | 35.5 | 0.00 | 0 | 30.62 | 3.2 |
| 2014 (1) | 1.10 | 111.54 | 20.96 | 0 | -0.83 | 0 | 6.18 | -4.79 | 3.51 | 0 | 3.08 | 0 | 3.70 | 0 | 2.39 | 0 | 0.59 | -3.28 | 10.84 | 10.95 | 108.41 | 13.23 | -23.73 | 0 | 123.73 | 7.66 | 0.00 | 0 | 29.67 | 4.03 |
