- 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) | 0.94 | -20.34 | 46.87 | 34.35 | -5.76 | 15.66 | 22.97 | -10.13 | 39.98 | 20.18 | -18.66 | 59.53 | 15.97 | -21.79 | 63.96 | 2.80 | -24.73 | 101.44 | 0.91 | -22.88 | 46.77 | 0.05 | 0.0 | 0.0 | 51.49 | -7.44 | 21.35 | 277.88 | -5.1 | 39.3 | 114.09 | 11.17 | -11.67 | -14.09 | -346.31 | 51.68 | 18.52 | 3.87 | -19.02 |
| 24Q2 (19) | 1.18 | 81.54 | 93.44 | 36.45 | 26.39 | 28.8 | 25.56 | 52.51 | 74.35 | 24.81 | 71.34 | 86.96 | 20.42 | 74.08 | 90.84 | 3.72 | 112.57 | 165.71 | 1.18 | 76.12 | 81.54 | 0.05 | 25.0 | 0.0 | 55.63 | 8.99 | 25.41 | 292.80 | 5.57 | 53.01 | 102.63 | -12.03 | -6.58 | -3.16 | 79.7 | 67.97 | 17.83 | -15.18 | -26.32 |
| 24Q1 (18) | 0.65 | -38.1 | -31.58 | 28.84 | -11.32 | 0.45 | 16.76 | -12.02 | 14.01 | 14.48 | -33.06 | -34.57 | 11.73 | -36.83 | -38.81 | 1.75 | -45.14 | -28.86 | 0.67 | -41.23 | -34.95 | 0.04 | -20.0 | -20.0 | 51.04 | 2.65 | -3.15 | 277.36 | 4.65 | 56.14 | 116.67 | 32.34 | 76.54 | -15.56 | -231.36 | -145.87 | 21.02 | 10.81 | -16.19 |
| 23Q4 (17) | 1.05 | 64.06 | 38.16 | 32.52 | 9.49 | 10.42 | 19.05 | 16.09 | 24.51 | 21.63 | 70.99 | 40.27 | 18.57 | 90.66 | 49.4 | 3.19 | 129.5 | 75.27 | 1.14 | 83.87 | 42.5 | 0.05 | 0.0 | 0.0 | 49.72 | 17.18 | 17.88 | 265.04 | 32.87 | 41.26 | 88.16 | -31.75 | -10.83 | 11.84 | 140.6 | 942.11 | 18.97 | -17.05 | -26.53 |
| 23Q3 (16) | 0.64 | 4.92 | -53.62 | 29.70 | 4.95 | -16.27 | 16.41 | 11.94 | -35.65 | 12.65 | -4.67 | -47.71 | 9.74 | -8.97 | -49.27 | 1.39 | -0.71 | -58.01 | 0.62 | -4.62 | -53.03 | 0.05 | 0.0 | -16.67 | 42.43 | -4.35 | -7.64 | 199.48 | 4.24 | 13.64 | 129.17 | 17.57 | 22.94 | -29.17 | -195.83 | -412.04 | 22.87 | -5.5 | 14.92 |
| 23Q2 (15) | 0.61 | -35.79 | 454.55 | 28.30 | -1.43 | -12.49 | 14.66 | -0.27 | -31.37 | 13.27 | -40.04 | 356.01 | 10.70 | -44.18 | 408.36 | 1.40 | -43.09 | 369.23 | 0.65 | -36.89 | 1028.57 | 0.05 | 0.0 | -16.67 | 44.36 | -15.83 | 67.02 | 191.36 | 7.72 | 6.2 | 109.86 | 66.23 | -84.82 | -9.86 | -129.07 | 98.42 | 24.20 | -3.51 | 12.72 |
| 23Q1 (14) | 0.95 | 25.0 | 26.67 | 28.71 | -2.51 | -5.0 | 14.70 | -3.92 | -1.8 | 22.13 | 43.51 | 38.83 | 19.17 | 54.22 | 52.26 | 2.46 | 35.16 | 32.97 | 1.03 | 28.75 | 28.75 | 0.05 | 0.0 | 0.0 | 52.70 | 24.94 | 29.58 | 177.64 | -5.32 | 15.76 | 66.09 | -33.15 | -29.83 | 33.91 | 2884.35 | 483.3 | 25.08 | -2.87 | 0.93 |
| 22Q4 (13) | 0.76 | -44.93 | -12.64 | 29.45 | -16.97 | 5.07 | 15.30 | -40.0 | -19.52 | 15.42 | -36.25 | -3.14 | 12.43 | -35.26 | 9.52 | 1.82 | -45.02 | -18.02 | 0.80 | -39.39 | -14.89 | 0.05 | -16.67 | -28.57 | 42.18 | -8.18 | 11.68 | 187.62 | 6.89 | -0.64 | 98.86 | -5.9 | -16.66 | 1.14 | 119.95 | 105.8 | 25.82 | 29.75 | 26.69 |
| 22Q3 (12) | 1.38 | 1154.55 | 58.62 | 35.47 | 9.68 | -13.89 | 25.50 | 19.38 | -19.91 | 24.19 | 731.27 | 98.12 | 19.20 | 653.31 | 191.35 | 3.31 | 736.54 | 109.49 | 1.32 | 1985.71 | 78.38 | 0.06 | 0.0 | -33.33 | 45.94 | 72.97 | 51.42 | 175.53 | -2.58 | -4.48 | 105.06 | -85.48 | -59.46 | -5.70 | 99.09 | 96.44 | 19.90 | -7.31 | 18.45 |
| 22Q2 (11) | 0.11 | -85.33 | -97.51 | 32.34 | 7.02 | -3.84 | 21.36 | 42.69 | 33.5 | 2.91 | -81.74 | -97.09 | -3.47 | -127.56 | -103.78 | -0.52 | -128.11 | -102.96 | -0.07 | -108.75 | -101.08 | 0.06 | 20.0 | -14.29 | 26.56 | -34.69 | -78.61 | 180.18 | 17.42 | 5.65 | 723.53 | 668.19 | 4418.04 | -623.53 | -10824.71 | -842.42 | 21.47 | -13.6 | -20.54 |
| 22Q1 (10) | 0.75 | -13.79 | -20.21 | 30.22 | 7.81 | -0.23 | 14.97 | -21.25 | -1.38 | 15.94 | 0.13 | -26.81 | 12.59 | 10.93 | -34.87 | 1.85 | -16.67 | -48.32 | 0.80 | -14.89 | -44.83 | 0.05 | -28.57 | -28.57 | 40.67 | 7.68 | -16.63 | 153.45 | -18.73 | -17.34 | 94.19 | -20.6 | 36.19 | 5.81 | 129.65 | -80.56 | 24.85 | 21.93 | -0.12 |
| 21Q4 (9) | 0.87 | 0.0 | -8.42 | 28.03 | -31.95 | -10.36 | 19.01 | -40.3 | 12.42 | 15.92 | 30.38 | -28.8 | 11.35 | 72.23 | -44.2 | 2.22 | 40.51 | -42.19 | 0.94 | 27.03 | -38.56 | 0.07 | -22.22 | 0.0 | 37.77 | 24.49 | -22.68 | 188.82 | 2.75 | 2.82 | 118.63 | -54.22 | 56.71 | -19.61 | 87.76 | -180.69 | 20.38 | 21.31 | -19.54 |
| 21Q3 (8) | 0.87 | -80.32 | 35.94 | 41.19 | 22.48 | 37.9 | 31.84 | 99.0 | 103.06 | 12.21 | -87.78 | -28.05 | 6.59 | -92.83 | -49.39 | 1.58 | -91.0 | -36.03 | 0.74 | -88.63 | -28.85 | 0.09 | 28.57 | 50.0 | 30.34 | -75.56 | -36.45 | 183.77 | 7.75 | -5.24 | 259.14 | 1518.18 | 180.44 | -160.22 | -290.76 | -2209.5 | 16.80 | -37.82 | -32.45 |
| 21Q2 (7) | 4.42 | 370.21 | 513.89 | 33.63 | 11.03 | 14.62 | 16.00 | 5.4 | 2.3 | 99.88 | 358.59 | 463.34 | 91.87 | 375.27 | 560.94 | 17.56 | 390.5 | 538.55 | 6.51 | 348.97 | 451.69 | 0.07 | 0.0 | 0.0 | 124.16 | 154.53 | 159.53 | 170.55 | -8.12 | -12.94 | 16.01 | -76.84 | -81.88 | 83.99 | 180.83 | 622.28 | 27.02 | 8.6 | 0 |
| 21Q1 (6) | 0.94 | -1.05 | 123.81 | 30.29 | -3.13 | -0.62 | 15.18 | -10.23 | -1.62 | 21.78 | -2.59 | 120.45 | 19.33 | -4.97 | 137.47 | 3.58 | -6.77 | 129.49 | 1.45 | -5.23 | 90.79 | 0.07 | 0.0 | 0.0 | 48.78 | -0.14 | 26.08 | 185.63 | 1.08 | 0.05 | 69.16 | -8.64 | -55.47 | 29.91 | 23.08 | 154.06 | 24.88 | -1.78 | 2.22 |
| 20Q4 (5) | 0.95 | 48.44 | 21.79 | 31.27 | 4.69 | -13.98 | 16.91 | 7.84 | -15.83 | 22.36 | 31.76 | 25.27 | 20.34 | 56.22 | 33.2 | 3.84 | 55.47 | 17.79 | 1.53 | 47.12 | 13.33 | 0.07 | 16.67 | 0.0 | 48.85 | 2.33 | 13.24 | 183.65 | -5.31 | -2.96 | 75.70 | -18.08 | -33.12 | 24.30 | 219.94 | 301.02 | 25.33 | 1.85 | 54.55 |
| 20Q3 (4) | 0.64 | -11.11 | 0.0 | 29.87 | 1.81 | 0.0 | 15.68 | 0.26 | 0.0 | 16.97 | -4.29 | 0.0 | 13.02 | -6.33 | 0.0 | 2.47 | -10.18 | 0.0 | 1.04 | -11.86 | 0.0 | 0.06 | -14.29 | 0.0 | 47.74 | -0.21 | 0.0 | 193.94 | -1.0 | 0.0 | 92.41 | 4.56 | 0.0 | 7.59 | -34.68 | 0.0 | 24.87 | 0 | 0.0 |
| 20Q2 (3) | 0.72 | 71.43 | 0.0 | 29.34 | -3.74 | 0.0 | 15.64 | 1.36 | 0.0 | 17.73 | 79.45 | 0.0 | 13.90 | 70.76 | 0.0 | 2.75 | 76.28 | 0.0 | 1.18 | 55.26 | 0.0 | 0.07 | 0.0 | 0.0 | 47.84 | 23.65 | 0.0 | 195.89 | 5.58 | 0.0 | 88.37 | -43.1 | 0.0 | 11.63 | 121.02 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.42 | -46.15 | 0.0 | 30.48 | -16.15 | 0.0 | 15.43 | -23.2 | 0.0 | 9.88 | -44.65 | 0.0 | 8.14 | -46.69 | 0.0 | 1.56 | -52.15 | 0.0 | 0.76 | -43.7 | 0.0 | 0.07 | 0.0 | 0.0 | 38.69 | -10.32 | 0.0 | 185.53 | -1.97 | 0.0 | 155.32 | 37.22 | 0.0 | -55.32 | -357.64 | 0.0 | 24.34 | 48.51 | 0.0 |
| 19Q4 (1) | 0.78 | 0.0 | 0.0 | 36.35 | 0.0 | 0.0 | 20.09 | 0.0 | 0.0 | 17.85 | 0.0 | 0.0 | 15.27 | 0.0 | 0.0 | 3.26 | 0.0 | 0.0 | 1.35 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 43.14 | 0.0 | 0.0 | 189.25 | 0.0 | 0.0 | 113.19 | 0.0 | 0.0 | -12.09 | 0.0 | 0.0 | 16.39 | 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) | 3.25 | 9.06 | 30.01 | -6.28 | 16.43 | -16.0 | 23.70 | 22.08 | 17.63 | 18.32 | 14.74 | 41.19 | 8.47 | 26.61 | 3.18 | 11.97 | 0.18 | -18.18 | 47.39 | 21.54 | 265.04 | 41.26 | 93.15 | -29.02 | 6.85 | 0 | 3.95 | -28.31 | 22.49 | -1.66 |
| 2022 (9) | 2.98 | -58.03 | 32.02 | -5.38 | 19.56 | -9.11 | 19.41 | 10.29 | 14.90 | -57.73 | 10.44 | -65.18 | 6.69 | -72.75 | 2.84 | -69.33 | 0.22 | -24.14 | 38.99 | -32.27 | 187.62 | -0.64 | 131.23 | 114.9 | -31.23 | 0 | 5.52 | -18.41 | 22.87 | 5.39 |
| 2021 (8) | 7.10 | 159.12 | 33.84 | 11.94 | 21.52 | 35.18 | 17.60 | -23.01 | 35.25 | 110.45 | 29.98 | 116.31 | 24.55 | 135.83 | 9.26 | 107.16 | 0.29 | 11.54 | 57.57 | 25.78 | 188.82 | 2.82 | 61.07 | -35.71 | 38.93 | 676.25 | 6.76 | -28.47 | 21.70 | -10.14 |
| 2020 (7) | 2.74 | 42.71 | 30.23 | -8.56 | 15.92 | 0.63 | 22.86 | 8.61 | 16.75 | 19.39 | 13.86 | 25.54 | 10.41 | 20.77 | 4.47 | 6.18 | 0.26 | -13.33 | 45.77 | 12.21 | 183.65 | -2.96 | 94.98 | -15.82 | 5.02 | 0 | 9.45 | -6.17 | 24.15 | 10.02 |
| 2019 (6) | 1.92 | -2.04 | 33.06 | 12.53 | 15.82 | 21.32 | 21.05 | 71.92 | 14.03 | 24.05 | 11.04 | 0.64 | 8.62 | 0.7 | 4.21 | -4.54 | 0.30 | -9.09 | 40.79 | 43.22 | 189.25 | 47.9 | 112.84 | -1.86 | -12.84 | 0 | 10.07 | -24.9 | 21.95 | -6.79 |
| 2018 (5) | 1.96 | 5.38 | 29.38 | -5.26 | 13.04 | -6.86 | 12.24 | -2.63 | 11.31 | -11.85 | 10.97 | 1.76 | 8.56 | 2.64 | 4.41 | 2.56 | 0.33 | 3.13 | 28.48 | -8.16 | 127.96 | -9.96 | 114.97 | 5.44 | -15.51 | 0 | 13.41 | 0 | 23.55 | 0.04 |
| 2017 (4) | 1.86 | -22.5 | 31.01 | -10.14 | 14.00 | -14.69 | 12.57 | 31.79 | 12.83 | -20.11 | 10.78 | -13.76 | 8.34 | -18.48 | 4.30 | -11.34 | 0.32 | -3.03 | 31.01 | 1.14 | 142.12 | -1.57 | 109.05 | 6.86 | -9.05 | 0 | 0.00 | 0 | 23.54 | -5.65 |
| 2016 (3) | 2.40 | -17.24 | 34.51 | -2.35 | 16.41 | -9.88 | 9.54 | 29.16 | 16.06 | -6.14 | 12.50 | -9.68 | 10.23 | -21.97 | 4.85 | -21.39 | 0.33 | -15.38 | 30.66 | 4.0 | 144.38 | -3.13 | 102.05 | -4.17 | -2.05 | 0 | 0.00 | 0 | 24.95 | 7.59 |
| 2015 (2) | 2.90 | 156.64 | 35.34 | 22.5 | 18.21 | 70.67 | 7.39 | -26.48 | 17.11 | 115.76 | 13.84 | 118.3 | 13.11 | 151.63 | 6.17 | 104.98 | 0.39 | 8.33 | 29.48 | 27.18 | 149.05 | 5.01 | 106.49 | -20.52 | -6.49 | 0 | 0.00 | 0 | 23.19 | -0.98 |
| 2014 (1) | 1.13 | -31.1 | 28.85 | 0 | 10.67 | 0 | 10.05 | 25.76 | 7.93 | 0 | 6.34 | 0 | 5.21 | 0 | 3.01 | 0 | 0.36 | 16.13 | 23.18 | -7.98 | 141.94 | 22.25 | 133.98 | 56.88 | -33.98 | 0 | 0.00 | 0 | 23.42 | -11.22 |
