- 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) | 1.71 | -3.93 | 21.28 | 50.85 | -2.77 | -4.49 | 13.53 | -3.15 | -6.24 | 15.45 | -5.27 | 9.03 | 13.44 | -5.08 | 15.56 | 5.33 | -2.56 | 13.4 | 2.57 | 4.47 | 18.43 | 0.19 | 11.76 | 5.56 | 17.23 | -5.8 | 6.95 | 107.74 | -7.89 | -11.89 | 86.96 | 2.21 | -14.6 | 13.04 | -12.61 | 817.39 | 54.81 | -1.69 | -6.23 |
| 24Q2 (19) | 1.78 | 117.07 | 21.09 | 52.30 | 7.19 | 4.41 | 13.97 | 50.86 | 12.75 | 16.31 | 108.57 | 18.53 | 14.16 | 109.16 | 23.13 | 5.47 | 128.87 | 14.2 | 2.46 | 127.78 | 16.59 | 0.17 | 13.33 | -5.56 | 18.29 | 85.87 | 15.1 | 116.97 | -16.32 | -5.72 | 85.07 | -29.51 | -6.06 | 14.93 | 186.57 | 58.21 | 55.75 | -6.57 | 1.03 |
| 24Q1 (18) | 0.82 | -63.23 | -33.33 | 48.79 | -10.98 | -3.35 | 9.26 | -51.57 | -16.58 | 7.82 | -59.63 | -34.06 | 6.77 | -58.08 | -33.95 | 2.39 | -66.39 | -39.65 | 1.08 | -66.36 | -36.84 | 0.15 | -25.0 | -6.25 | 9.84 | -52.96 | -29.91 | 139.78 | 8.91 | -2.88 | 120.69 | 22.06 | 29.97 | -17.24 | -1634.48 | -341.38 | 59.67 | 11.7 | 4.89 |
| 23Q4 (17) | 2.23 | 58.16 | 20.54 | 54.81 | 2.95 | 11.54 | 19.12 | 32.5 | 28.41 | 19.37 | 36.7 | 31.32 | 16.15 | 38.87 | 22.53 | 7.11 | 51.28 | 13.94 | 3.21 | 47.93 | 15.47 | 0.20 | 11.11 | -4.76 | 20.92 | 29.86 | 26.71 | 128.35 | 4.96 | -3.89 | 98.88 | -2.89 | -2.67 | 1.12 | 161.8 | 170.79 | 53.42 | -8.61 | 0.07 |
| 23Q3 (16) | 1.41 | -4.08 | -1.4 | 53.24 | 6.29 | 10.89 | 14.43 | 16.46 | 4.26 | 14.17 | 2.98 | 5.12 | 11.63 | 1.13 | 0.43 | 4.70 | -1.88 | -5.81 | 2.17 | 2.84 | -3.13 | 0.18 | 0.0 | -5.26 | 16.11 | 1.38 | 5.85 | 122.28 | -1.44 | -1.2 | 101.82 | 12.42 | -0.18 | -1.82 | -119.27 | 9.09 | 58.45 | 5.93 | 5.16 |
| 23Q2 (15) | 1.47 | 19.51 | -16.0 | 50.09 | -0.77 | -2.47 | 12.39 | 11.62 | -19.18 | 13.76 | 16.02 | -20.46 | 11.50 | 12.2 | -22.72 | 4.79 | 20.96 | -19.5 | 2.11 | 23.39 | -20.97 | 0.18 | 12.5 | 0.0 | 15.89 | 13.18 | -16.81 | 124.07 | -13.8 | -6.09 | 90.57 | -2.47 | 3.0 | 9.43 | 32.08 | -21.83 | 55.18 | -3.01 | -1.41 |
| 23Q1 (14) | 1.23 | -33.51 | 43.02 | 50.48 | 2.73 | 8.09 | 11.10 | -25.45 | 26.42 | 11.86 | -19.59 | 25.37 | 10.25 | -22.23 | 26.23 | 3.96 | -36.54 | 37.98 | 1.71 | -38.49 | 29.55 | 0.16 | -23.81 | 0.0 | 14.04 | -14.96 | 21.77 | 143.93 | 7.77 | 19.96 | 92.86 | -8.59 | 0.0 | 7.14 | 550.0 | 0.0 | 56.89 | 6.58 | -5.78 |
| 22Q4 (13) | 1.85 | 29.37 | -11.06 | 49.14 | 2.35 | -11.81 | 14.89 | 7.59 | -19.6 | 14.75 | 9.42 | -21.58 | 13.18 | 13.82 | -20.79 | 6.24 | 25.05 | -16.47 | 2.78 | 24.11 | -23.2 | 0.21 | 10.53 | -4.55 | 16.51 | 8.48 | -18.83 | 133.55 | 7.9 | 4.21 | 101.59 | -0.4 | 3.13 | -1.59 | 20.63 | -206.35 | 53.38 | -3.96 | -8.92 |
| 22Q3 (12) | 1.43 | -18.29 | 25.44 | 48.01 | -6.52 | -0.12 | 13.84 | -9.72 | 16.01 | 13.48 | -22.08 | 7.24 | 11.58 | -22.18 | 8.63 | 4.99 | -16.13 | 14.71 | 2.24 | -16.1 | -3.45 | 0.19 | 5.56 | -13.64 | 15.22 | -20.31 | 9.81 | 123.77 | -6.32 | 45.68 | 102.00 | 16.0 | 7.67 | -2.00 | -116.57 | -138.0 | 55.58 | -0.7 | -7.04 |
| 22Q2 (11) | 1.75 | 103.49 | 25.0 | 51.36 | 9.98 | 5.85 | 15.33 | 74.6 | 17.38 | 17.30 | 82.88 | 8.53 | 14.88 | 83.25 | 10.06 | 5.95 | 107.32 | 12.69 | 2.67 | 102.27 | -7.61 | 0.18 | 12.5 | -14.29 | 19.10 | 65.65 | 9.64 | 132.12 | 10.12 | 45.78 | 87.93 | -5.31 | 6.44 | 12.07 | 68.97 | -30.6 | 55.97 | -7.3 | -6.0 |
| 22Q1 (10) | 0.86 | -58.65 | 437.5 | 46.70 | -16.19 | 12.18 | 8.78 | -52.59 | 527.14 | 9.46 | -49.71 | 278.4 | 8.12 | -51.2 | 308.04 | 2.87 | -61.58 | 355.56 | 1.32 | -63.54 | 266.67 | 0.16 | -27.27 | -11.11 | 11.53 | -43.31 | 173.22 | 119.98 | -6.38 | 60.36 | 92.86 | -5.74 | 85.71 | 7.14 | 378.57 | -85.71 | 60.38 | 3.02 | -11.66 |
| 21Q4 (9) | 2.08 | 82.46 | 8.33 | 55.72 | 15.91 | 0.72 | 18.52 | 55.24 | 22.65 | 18.81 | 49.64 | 13.52 | 16.64 | 56.1 | 16.36 | 7.47 | 71.72 | -1.06 | 3.62 | 56.03 | -10.4 | 0.22 | 0.0 | -21.43 | 20.34 | 46.75 | 15.5 | 128.16 | 50.85 | 60.68 | 98.51 | 3.98 | 8.17 | 1.49 | -71.64 | -83.28 | 58.61 | -1.97 | 1.45 |
| 21Q3 (8) | 1.14 | -18.57 | -4.2 | 48.07 | -0.93 | -4.09 | 11.93 | -8.65 | -3.71 | 12.57 | -21.14 | -1.57 | 10.66 | -21.15 | -1.48 | 4.35 | -17.61 | -23.14 | 2.32 | -19.72 | -16.85 | 0.22 | 4.76 | -15.38 | 13.86 | -20.44 | 0.36 | 84.96 | -6.26 | -12.81 | 94.74 | 14.68 | -2.39 | 5.26 | -69.74 | 78.95 | 59.79 | 0.42 | -1.26 |
| 21Q2 (7) | 1.40 | 775.0 | -1.41 | 48.52 | 16.55 | -8.4 | 13.06 | 832.86 | -11.04 | 15.94 | 537.6 | -6.78 | 13.52 | 579.4 | -0.88 | 5.28 | 738.1 | -24.68 | 2.89 | 702.78 | -16.47 | 0.21 | 16.67 | -16.0 | 17.42 | 312.8 | -4.39 | 90.63 | 21.13 | -17.04 | 82.61 | 65.22 | -4.35 | 17.39 | -65.22 | 27.54 | 59.54 | -12.89 | -2.31 |
| 21Q1 (6) | 0.16 | -91.67 | -56.76 | 41.63 | -24.75 | -10.57 | 1.40 | -90.73 | -69.76 | 2.50 | -84.91 | -49.49 | 1.99 | -86.08 | -51.93 | 0.63 | -91.66 | -66.67 | 0.36 | -91.09 | -62.11 | 0.18 | -35.71 | -21.74 | 4.22 | -76.04 | -30.93 | 74.82 | -6.19 | -22.34 | 50.00 | -45.1 | -50.0 | 50.00 | 460.0 | 450.0 | 68.35 | 18.31 | 1.17 |
| 20Q4 (5) | 1.92 | 61.34 | 4.35 | 55.32 | 10.38 | -5.66 | 15.10 | 21.87 | -4.55 | 16.57 | 29.76 | -4.72 | 14.30 | 32.16 | -7.32 | 7.55 | 33.39 | -19.68 | 4.04 | 44.8 | -15.13 | 0.28 | 7.69 | -9.68 | 17.61 | 27.52 | -2.98 | 79.76 | -18.14 | -22.55 | 91.07 | -6.17 | 0.97 | 8.93 | 203.57 | -8.93 | 57.77 | -4.59 | -1.11 |
| 20Q3 (4) | 1.19 | -16.2 | 0.0 | 50.12 | -5.38 | 0.0 | 12.39 | -15.6 | 0.0 | 12.77 | -25.32 | 0.0 | 10.82 | -20.67 | 0.0 | 5.66 | -19.26 | 0.0 | 2.79 | -19.36 | 0.0 | 0.26 | 4.0 | 0.0 | 13.81 | -24.2 | 0.0 | 97.44 | -10.8 | 0.0 | 97.06 | 12.38 | 0.0 | 2.94 | -78.43 | 0.0 | 60.55 | -0.66 | 0.0 |
| 20Q2 (3) | 1.42 | 283.78 | 0.0 | 52.97 | 13.79 | 0.0 | 14.68 | 217.06 | 0.0 | 17.10 | 245.45 | 0.0 | 13.64 | 229.47 | 0.0 | 7.01 | 270.9 | 0.0 | 3.46 | 264.21 | 0.0 | 0.25 | 8.7 | 0.0 | 18.22 | 198.2 | 0.0 | 109.24 | 13.39 | 0.0 | 86.36 | -13.64 | 0.0 | 13.64 | 50.0 | 0.0 | 60.95 | -9.78 | 0.0 |
| 20Q1 (2) | 0.37 | -79.89 | 0.0 | 46.55 | -20.62 | 0.0 | 4.63 | -70.73 | 0.0 | 4.95 | -71.54 | 0.0 | 4.14 | -73.17 | 0.0 | 1.89 | -79.89 | 0.0 | 0.95 | -80.04 | 0.0 | 0.23 | -25.81 | 0.0 | 6.11 | -66.34 | 0.0 | 96.34 | -6.45 | 0.0 | 100.00 | 10.87 | 0.0 | 9.09 | -7.27 | 0.0 | 67.56 | 15.65 | 0.0 |
| 19Q4 (1) | 1.84 | 0.0 | 0.0 | 58.64 | 0.0 | 0.0 | 15.82 | 0.0 | 0.0 | 17.39 | 0.0 | 0.0 | 15.43 | 0.0 | 0.0 | 9.40 | 0.0 | 0.0 | 4.76 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 18.15 | 0.0 | 0.0 | 102.98 | 0.0 | 0.0 | 90.20 | 0.0 | 0.0 | 9.80 | 0.0 | 0.0 | 58.42 | 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) | 6.14 | 6.97 | 52.31 | 7.04 | 14.55 | 8.1 | 1.19 | 13.68 | 15.06 | 8.11 | 12.60 | 3.96 | 19.66 | 0.1 | 8.75 | 0.92 | 0.68 | -2.86 | 16.98 | 7.67 | 128.35 | -3.89 | 96.65 | 0.18 | 3.35 | -4.84 | 0.12 | -56.04 | 55.86 | -0.25 |
| 2022 (9) | 5.74 | 22.13 | 48.87 | -0.63 | 13.46 | 11.52 | 1.05 | 3.45 | 13.93 | 5.21 | 12.12 | 6.22 | 19.64 | 13.92 | 8.67 | 2.85 | 0.70 | -5.41 | 15.77 | 7.06 | 133.55 | 4.21 | 96.48 | 5.25 | 3.52 | -60.8 | 0.27 | 27.69 | 56.00 | -8.33 |
| 2021 (8) | 4.70 | -3.69 | 49.18 | -4.76 | 12.07 | -0.49 | 1.02 | 23.17 | 13.24 | -0.6 | 11.41 | 2.33 | 17.24 | -12.18 | 8.43 | -18.94 | 0.74 | -20.43 | 14.73 | 3.01 | 128.16 | 60.68 | 91.67 | 0.69 | 8.97 | 0.1 | 0.21 | -28.69 | 61.09 | -0.29 |
| 2020 (7) | 4.88 | 33.33 | 51.64 | -0.86 | 12.13 | 26.35 | 0.82 | 59.71 | 13.32 | 24.95 | 11.15 | 21.99 | 19.63 | 0.82 | 10.40 | 8.33 | 0.93 | -11.43 | 14.30 | 25.88 | 79.76 | -22.55 | 91.03 | 0.82 | 8.97 | -7.66 | 0.30 | -24.34 | 61.27 | -2.08 |
| 2019 (6) | 3.66 | 12.96 | 52.09 | 9.94 | 9.60 | 8.47 | 0.52 | 51.86 | 10.66 | 11.04 | 9.14 | 10.65 | 19.47 | 0.0 | 9.60 | 1.48 | 1.05 | -7.89 | 11.36 | 12.59 | 102.98 | -0.5 | 90.29 | -1.61 | 9.71 | 17.89 | 0.40 | 0 | 62.57 | 0.27 |
| 2018 (5) | 3.24 | 134.78 | 47.38 | 9.96 | 8.85 | 181.85 | 0.34 | -7.26 | 9.60 | 109.15 | 8.26 | 114.55 | 19.47 | 100.51 | 9.46 | 95.86 | 1.14 | -8.06 | 10.09 | 91.83 | 103.50 | -6.34 | 91.76 | 34.12 | 8.24 | -73.92 | 0.00 | 0 | 62.40 | -5.31 |
| 2017 (4) | 1.38 | 228.57 | 43.09 | 12.54 | 3.14 | 199.05 | 0.37 | -2.57 | 4.59 | 225.53 | 3.85 | 229.06 | 9.71 | 0 | 4.83 | 0 | 1.24 | 0 | 5.26 | 161.69 | 110.51 | 13.99 | 68.42 | -5.92 | 31.58 | 15.79 | 0.00 | 0 | 65.90 | 1.81 |
| 2016 (3) | 0.42 | 0 | 38.29 | 0 | 1.05 | 0 | 0.38 | 0 | 1.41 | 0 | 1.17 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 2.01 | 0 | 96.95 | 0 | 72.73 | 0 | 27.27 | 0 | 0.00 | 0 | 64.73 | 0 |
