- 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 | 41.64 | 156.73 | 28.84 | 13.95 | 21.38 | 20.92 | 29.38 | 74.48 | 20.57 | 22.0 | 48.63 | 15.50 | 22.34 | 46.92 | 10.30 | 39.0 | 104.77 | 4.46 | 35.98 | 102.73 | 0.28 | 12.0 | 40.0 | 23.27 | 18.91 | 32.82 | 128.17 | -12.1 | -6.16 | 101.71 | 6.07 | 17.16 | -1.71 | -141.5 | -112.64 | 10.45 | -7.69 | -26.51 |
| 24Q2 (19) | 3.77 | 24.42 | 82.13 | 25.31 | 1.93 | 7.29 | 16.17 | 1.06 | 18.37 | 16.86 | -5.39 | 12.03 | 12.67 | -6.56 | 17.64 | 7.41 | 16.14 | 33.51 | 3.28 | 16.31 | 33.33 | 0.25 | 25.0 | 13.64 | 19.57 | -9.86 | 5.78 | 145.81 | 20.22 | -1.82 | 95.89 | 6.69 | 5.67 | 4.11 | -59.38 | -55.59 | 11.32 | -13.26 | -10.58 |
| 24Q1 (18) | 3.03 | -34.7 | 1217.39 | 24.83 | 2.14 | 50.76 | 16.00 | -4.36 | 492.59 | 17.82 | 20.98 | 924.14 | 13.56 | 15.21 | 629.03 | 6.38 | -38.65 | 929.03 | 2.82 | -35.62 | 571.43 | 0.20 | -44.44 | 42.86 | 21.71 | 26.59 | 203.21 | 121.29 | -19.55 | -5.55 | 89.88 | -20.92 | -40.76 | 10.12 | 174.15 | 118.35 | 13.05 | 35.8 | -20.38 |
| 23Q4 (17) | 4.64 | 123.08 | 254.2 | 24.31 | 2.31 | 29.31 | 16.73 | 39.53 | 75.55 | 14.73 | 6.43 | 91.8 | 11.77 | 11.56 | 93.9 | 10.40 | 106.76 | 215.15 | 4.38 | 99.09 | 215.11 | 0.36 | 80.0 | 71.43 | 17.15 | -2.11 | 52.44 | 150.76 | 10.38 | 0.49 | 113.65 | 30.92 | -8.36 | -13.65 | -201.13 | 43.17 | 9.61 | -32.42 | -15.48 |
| 23Q3 (16) | 2.08 | 0.48 | -43.17 | 23.76 | 0.72 | 0.72 | 11.99 | -12.23 | -16.74 | 13.84 | -8.04 | -29.53 | 10.55 | -2.04 | -27.94 | 5.03 | -9.37 | -48.2 | 2.20 | -10.57 | -39.23 | 0.20 | -9.09 | -16.67 | 17.52 | -5.3 | -26.17 | 136.58 | -8.04 | -20.77 | 86.81 | -4.33 | 18.47 | 13.50 | 45.77 | -49.49 | 14.22 | 12.32 | 17.52 |
| 23Q2 (15) | 2.07 | 800.0 | -10.39 | 23.59 | 43.23 | 22.42 | 13.66 | 405.93 | 26.95 | 15.05 | 764.94 | 12.15 | 10.77 | 479.03 | 7.81 | 5.55 | 795.16 | -12.87 | 2.46 | 485.71 | 3.36 | 0.22 | 57.14 | -4.35 | 18.50 | 158.38 | 18.29 | 148.52 | 15.65 | -17.19 | 90.74 | -40.19 | 13.2 | 9.26 | 116.78 | -53.33 | 12.66 | -22.76 | 7.65 |
| 23Q1 (14) | 0.23 | -82.44 | -78.1 | 16.47 | -12.39 | -9.51 | 2.70 | -71.67 | -63.06 | 1.74 | -77.34 | -78.68 | 1.86 | -69.36 | -69.15 | 0.62 | -81.21 | -78.84 | 0.42 | -69.78 | -63.48 | 0.14 | -33.33 | -22.22 | 7.16 | -36.36 | -52.52 | 128.42 | -14.4 | -22.2 | 151.72 | 22.34 | 68.58 | -55.17 | -129.7 | -621.07 | 16.39 | 44.15 | 15.67 |
| 22Q4 (13) | 1.31 | -64.21 | 1.55 | 18.80 | -20.31 | 10.46 | 9.53 | -33.82 | 34.79 | 7.68 | -60.9 | -1.92 | 6.07 | -58.54 | 3.41 | 3.30 | -66.01 | -12.47 | 1.39 | -61.6 | -4.14 | 0.21 | -12.5 | -12.5 | 11.25 | -52.59 | 4.85 | 150.03 | -12.97 | -11.45 | 124.02 | 69.25 | 37.43 | -24.02 | -189.88 | -346.2 | 11.37 | -6.03 | -5.33 |
| 22Q3 (12) | 3.66 | 58.44 | 103.33 | 23.59 | 22.42 | 18.01 | 14.40 | 33.83 | 36.88 | 19.64 | 46.35 | 83.21 | 14.64 | 46.55 | 80.07 | 9.71 | 52.43 | 74.64 | 3.62 | 52.1 | 62.33 | 0.24 | 4.35 | -11.11 | 23.73 | 51.73 | 60.55 | 172.38 | -3.88 | 8.05 | 73.28 | -8.59 | -25.14 | 26.72 | 34.7 | 1417.85 | 12.10 | 2.89 | 0.33 |
| 22Q2 (11) | 2.31 | 120.0 | 56.08 | 19.27 | 5.88 | -5.26 | 10.76 | 47.2 | -1.01 | 13.42 | 64.46 | 34.2 | 9.99 | 65.67 | 31.62 | 6.37 | 117.41 | 40.31 | 2.38 | 106.96 | 17.82 | 0.23 | 27.78 | -11.54 | 15.64 | 3.71 | 18.75 | 179.34 | 8.64 | 18.86 | 80.16 | -10.93 | -26.15 | 19.84 | 87.37 | 332.12 | 11.76 | -17.01 | -9.05 |
| 22Q1 (10) | 1.05 | -18.6 | 0.0 | 18.20 | 6.93 | -15.86 | 7.31 | 3.39 | -19.23 | 8.16 | 4.21 | -9.03 | 6.03 | 2.73 | -12.61 | 2.93 | -22.28 | -6.39 | 1.15 | -20.69 | -26.75 | 0.18 | -25.0 | -18.18 | 15.08 | 40.54 | 5.09 | 165.07 | -2.57 | 55.02 | 90.00 | -0.27 | -11.09 | 10.59 | 8.53 | 1825.88 | 14.17 | 17.99 | -9.05 |
| 21Q4 (9) | 1.29 | -28.33 | -55.52 | 17.02 | -14.86 | -31.62 | 7.07 | -32.79 | -40.19 | 7.83 | -26.96 | -63.43 | 5.87 | -27.8 | -67.85 | 3.77 | -32.19 | -59.24 | 1.45 | -34.98 | -66.97 | 0.24 | -11.11 | 0.0 | 10.73 | -27.4 | -55.7 | 169.43 | 6.2 | 63.75 | 90.24 | -7.81 | 63.57 | 9.76 | 454.15 | -78.24 | 12.01 | -0.41 | -31.41 |
| 21Q3 (8) | 1.80 | 21.62 | -7.69 | 19.99 | -1.72 | -21.98 | 10.52 | -3.22 | -22.7 | 10.72 | 7.2 | -20.65 | 8.13 | 7.11 | -26.23 | 5.56 | 22.47 | -18.83 | 2.23 | 10.4 | -30.53 | 0.27 | 3.85 | -6.9 | 14.78 | 12.22 | -13.21 | 159.54 | 5.74 | 31.02 | 97.89 | -9.82 | -3.13 | 1.76 | 120.6 | 350.88 | 12.06 | -6.73 | -24.29 |
| 21Q2 (7) | 1.48 | 40.95 | -32.11 | 20.34 | -5.96 | -21.71 | 10.87 | 20.11 | -26.7 | 10.00 | 11.48 | -37.11 | 7.59 | 10.0 | -35.68 | 4.54 | 45.05 | -39.95 | 2.02 | 28.66 | -49.63 | 0.26 | 18.18 | -23.53 | 13.17 | -8.22 | -27.8 | 150.88 | 41.7 | 36.7 | 108.55 | 7.23 | 16.54 | -8.55 | -1293.16 | -224.64 | 12.93 | -17.01 | 0 |
| 21Q1 (6) | 1.05 | -63.79 | -7.08 | 21.63 | -13.1 | -16.68 | 9.05 | -23.43 | -3.62 | 8.97 | -58.1 | -26.05 | 6.90 | -62.21 | -31.62 | 3.13 | -66.16 | -17.41 | 1.57 | -64.24 | -27.65 | 0.22 | -8.33 | 4.76 | 14.35 | -40.75 | -10.76 | 106.48 | 2.91 | 51.75 | 101.23 | 83.47 | 30.15 | -0.61 | -101.37 | -102.69 | 15.58 | -11.02 | -13.68 |
| 20Q4 (5) | 2.90 | 48.72 | 17.89 | 24.89 | -2.85 | -19.68 | 11.82 | -13.15 | -29.77 | 21.41 | 58.48 | 28.82 | 18.26 | 65.7 | 28.23 | 9.25 | 35.04 | 6.44 | 4.39 | 36.76 | -9.86 | 0.24 | -17.24 | -29.41 | 24.22 | 42.22 | 24.59 | 103.47 | -15.03 | 26.23 | 55.17 | -45.4 | -45.46 | 44.83 | 6487.93 | 3955.17 | 17.51 | 9.92 | 4.04 |
| 20Q3 (4) | 1.95 | -10.55 | 0.0 | 25.62 | -1.39 | 0.0 | 13.61 | -8.23 | 0.0 | 13.51 | -15.03 | 0.0 | 11.02 | -6.61 | 0.0 | 6.85 | -9.39 | 0.0 | 3.21 | -19.95 | 0.0 | 0.29 | -14.71 | 0.0 | 17.03 | -6.63 | 0.0 | 121.77 | 10.33 | 0.0 | 101.05 | 8.49 | 0.0 | -0.70 | -110.23 | 0.0 | 15.93 | 0 | 0.0 |
| 20Q2 (3) | 2.18 | 92.92 | 0.0 | 25.98 | 0.08 | 0.0 | 14.83 | 57.93 | 0.0 | 15.90 | 31.08 | 0.0 | 11.80 | 16.95 | 0.0 | 7.56 | 99.47 | 0.0 | 4.01 | 84.79 | 0.0 | 0.34 | 61.9 | 0.0 | 18.24 | 13.43 | 0.0 | 110.37 | 57.29 | 0.0 | 93.14 | 19.76 | 0.0 | 6.86 | -69.98 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.13 | -54.07 | 0.0 | 25.96 | -16.23 | 0.0 | 9.39 | -44.21 | 0.0 | 12.13 | -27.02 | 0.0 | 10.09 | -29.14 | 0.0 | 3.79 | -56.39 | 0.0 | 2.17 | -55.44 | 0.0 | 0.21 | -38.24 | 0.0 | 16.08 | -17.28 | 0.0 | 70.17 | -14.4 | 0.0 | 77.78 | -23.12 | 0.0 | 22.84 | 2064.2 | 0.0 | 18.05 | 7.25 | 0.0 |
| 19Q4 (1) | 2.46 | 0.0 | 0.0 | 30.99 | 0.0 | 0.0 | 16.83 | 0.0 | 0.0 | 16.62 | 0.0 | 0.0 | 14.24 | 0.0 | 0.0 | 8.69 | 0.0 | 0.0 | 4.87 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 19.44 | 0.0 | 0.0 | 81.97 | 0.0 | 0.0 | 101.16 | 0.0 | 0.0 | -1.16 | 0.0 | 0.0 | 16.83 | 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) | 9.03 | 8.53 | 22.88 | 13.38 | 13.00 | 20.26 | 2.58 | -25.0 | 12.71 | -0.08 | 9.84 | 3.04 | 21.06 | -4.84 | 8.89 | 0.23 | 0.85 | -4.49 | 16.07 | -4.06 | 150.76 | 0.49 | 102.24 | 20.23 | -2.24 | 0 | 0.52 | 23.88 | 12.25 | 0.08 |
| 2022 (9) | 8.32 | 48.04 | 20.18 | 3.12 | 10.81 | 15.49 | 3.44 | -0.31 | 12.72 | 35.32 | 9.55 | 33.94 | 22.13 | 33.8 | 8.87 | 24.93 | 0.89 | -9.18 | 16.75 | 27.18 | 150.03 | -11.45 | 85.03 | -14.58 | 14.97 | 3215.08 | 0.42 | 125.75 | 12.24 | -5.41 |
| 2021 (8) | 5.62 | -31.13 | 19.57 | -23.55 | 9.36 | -26.7 | 3.45 | 19.92 | 9.40 | -41.07 | 7.13 | -44.73 | 16.54 | -36.56 | 7.10 | -47.76 | 0.98 | -5.77 | 13.17 | -30.76 | 169.43 | 63.75 | 99.55 | 24.36 | 0.45 | -97.74 | 0.19 | 7.13 | 12.94 | -18.77 |
| 2020 (7) | 8.16 | 7.09 | 25.60 | -16.53 | 12.77 | -22.7 | 2.88 | -0.21 | 15.95 | -5.45 | 12.90 | -3.3 | 26.07 | -4.44 | 13.59 | -9.58 | 1.04 | -7.14 | 19.02 | -4.71 | 103.47 | 26.23 | 80.05 | -18.25 | 19.95 | 858.44 | 0.17 | 11.57 | 15.93 | -8.34 |
| 2019 (6) | 7.62 | 41.9 | 30.67 | 16.62 | 16.52 | 29.57 | 2.88 | 1.05 | 16.87 | 26.37 | 13.34 | 35.43 | 27.28 | 29.23 | 15.03 | 29.57 | 1.12 | -3.45 | 19.96 | 21.41 | 81.97 | -2.5 | 97.92 | 2.63 | 2.08 | -53.51 | 0.16 | -24.2 | 17.38 | 4.38 |
| 2018 (5) | 5.37 | 41.32 | 26.30 | -1.31 | 12.75 | 2.91 | 2.85 | 16.5 | 13.35 | 19.62 | 9.85 | 19.25 | 21.11 | 33.86 | 11.60 | 30.04 | 1.16 | 9.43 | 16.44 | 18.61 | 84.07 | -0.1 | 95.41 | -14.09 | 4.48 | 0 | 0.21 | 0 | 16.65 | -0.24 |
| 2017 (4) | 3.80 | -24.15 | 26.65 | -10.42 | 12.39 | -17.07 | 2.45 | 15.96 | 11.16 | -28.78 | 8.26 | -28.3 | 15.77 | -26.89 | 8.92 | -29.32 | 1.06 | -1.85 | 13.86 | -23.09 | 84.15 | 12.79 | 111.06 | 16.48 | -11.06 | 0 | 0.00 | 0 | 16.69 | 3.22 |
| 2016 (3) | 5.01 | 18.72 | 29.75 | 2.3 | 14.94 | 11.83 | 2.11 | -28.46 | 15.67 | 4.61 | 11.52 | 1.32 | 21.57 | 13.35 | 12.62 | 13.39 | 1.08 | 12.5 | 18.02 | -1.37 | 74.61 | 5.31 | 95.34 | 6.92 | 4.66 | -56.99 | 0.00 | 0 | 16.17 | 8.09 |
| 2015 (2) | 4.22 | -6.64 | 29.08 | -4.59 | 13.36 | -8.37 | 2.95 | 2.33 | 14.98 | -5.61 | 11.37 | -6.03 | 19.03 | -13.74 | 11.13 | -14.58 | 0.96 | -9.43 | 18.27 | -4.4 | 70.85 | -6.92 | 89.17 | -2.89 | 10.83 | 32.54 | 0.00 | 0 | 14.96 | -4.83 |
| 2014 (1) | 4.52 | 58.6 | 30.48 | 0 | 14.58 | 0 | 2.88 | -12.68 | 15.87 | 0 | 12.10 | 0 | 22.06 | 0 | 13.03 | 0 | 1.06 | 8.16 | 19.11 | 21.41 | 76.12 | 13.29 | 91.83 | -0.75 | 8.17 | 9.32 | 0.00 | 0 | 15.72 | 2.41 |
