- 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) | 1.63 | -72.51 | -66.32 | 45.56 | -6.73 | 3.59 | 14.47 | -56.0 | -49.1 | 16.92 | -49.51 | -39.42 | 15.97 | -47.64 | -38.15 | 2.02 | -75.06 | -74.81 | 1.24 | -69.76 | -70.82 | 0.07 | -46.15 | -53.33 | 24.31 | -34.58 | -25.91 | 71.83 | -39.48 | -21.22 | 85.53 | -12.79 | -15.92 | 14.47 | 728.87 | 933.57 | 30.80 | 124.82 | 83.01 |
| 24Q2 (19) | 5.93 | -2.47 | 4.4 | 48.85 | 8.99 | 2.2 | 32.89 | 11.72 | -12.11 | 33.51 | 9.22 | -14.21 | 30.50 | 3.81 | -11.36 | 8.10 | -5.26 | -16.84 | 4.10 | -12.39 | -17.67 | 0.13 | -13.33 | -7.14 | 37.16 | 8.72 | -14.63 | 118.68 | 28.61 | 1.86 | 98.08 | 2.29 | 2.42 | 1.75 | -57.58 | -58.77 | 13.70 | 13.88 | -34.29 |
| 24Q1 (18) | 6.08 | -0.98 | -13.14 | 44.82 | -9.78 | -12.78 | 29.44 | -12.87 | -25.43 | 30.68 | -9.66 | -22.82 | 29.38 | -10.94 | -24.3 | 8.55 | -9.14 | -30.99 | 4.68 | -10.0 | -29.52 | 0.15 | 0.0 | -11.76 | 34.18 | -10.34 | -21.28 | 92.28 | 5.73 | 2.59 | 95.89 | -3.59 | -3.35 | 4.11 | 662.55 | 549.06 | 12.03 | -40.8 | -18.99 |
| 23Q4 (17) | 6.14 | 26.86 | 31.76 | 49.68 | 12.96 | 2.26 | 33.79 | 18.85 | -3.26 | 33.96 | 21.59 | 8.74 | 32.99 | 27.77 | 13.06 | 9.41 | 17.33 | 4.67 | 5.20 | 22.35 | 7.88 | 0.15 | 0.0 | -6.25 | 38.12 | 16.18 | 7.9 | 87.28 | -4.28 | -6.48 | 99.46 | -2.24 | -11.09 | 0.54 | 131.09 | 104.54 | 20.32 | 20.74 | -18.39 |
| 23Q3 (16) | 4.84 | -14.79 | 2.54 | 43.98 | -7.99 | -6.6 | 28.43 | -24.02 | -17.86 | 27.93 | -28.49 | -19.53 | 25.82 | -24.96 | -23.74 | 8.02 | -17.66 | -21.06 | 4.25 | -14.66 | -15.34 | 0.15 | 7.14 | 7.14 | 32.81 | -24.63 | -16.64 | 91.18 | -21.74 | -0.33 | 101.74 | 6.23 | 1.97 | -1.74 | -141.0 | -839.26 | 16.83 | -19.28 | -14.39 |
| 23Q2 (15) | 5.68 | -18.86 | -7.64 | 47.80 | -6.99 | 6.36 | 37.42 | -5.22 | 5.35 | 39.06 | -1.74 | 9.63 | 34.41 | -11.34 | 2.99 | 9.74 | -21.39 | -34.67 | 4.98 | -25.0 | -26.98 | 0.14 | -17.65 | -30.0 | 43.53 | 0.25 | 12.05 | 116.51 | 29.53 | -10.32 | 95.77 | -3.47 | -3.9 | 4.23 | 567.72 | 1121.16 | 20.85 | 40.4 | 41.64 |
| 23Q1 (14) | 7.00 | 50.21 | 59.09 | 51.39 | 5.78 | 25.01 | 39.48 | 13.03 | 38.72 | 39.75 | 27.28 | 29.35 | 38.81 | 33.0 | 30.85 | 12.39 | 37.82 | 4.56 | 6.64 | 37.76 | 20.29 | 0.17 | 6.25 | -5.56 | 43.42 | 22.9 | 24.91 | 89.95 | -3.62 | -21.44 | 99.21 | -11.32 | 6.94 | 0.63 | 105.34 | -91.53 | 14.85 | -40.36 | -22.78 |
| 22Q4 (13) | 4.66 | -1.27 | 58.5 | 48.58 | 3.16 | 29.58 | 34.93 | 0.92 | 40.51 | 31.23 | -10.03 | 27.42 | 29.18 | -13.82 | 25.67 | 8.99 | -11.52 | -0.77 | 4.82 | -3.98 | 21.41 | 0.16 | 14.29 | 0.0 | 35.33 | -10.24 | 21.03 | 93.33 | 2.02 | -26.23 | 111.87 | 12.14 | 10.29 | -11.87 | -5157.53 | -725.11 | 24.90 | 26.65 | 9.6 |
| 22Q3 (12) | 4.72 | -23.25 | 133.66 | 47.09 | 4.78 | 23.66 | 34.61 | -2.56 | 71.51 | 34.71 | -2.58 | 89.67 | 33.86 | 1.35 | 97.43 | 10.16 | -31.86 | 57.03 | 5.02 | -26.39 | 87.31 | 0.14 | -30.0 | -6.67 | 39.36 | 1.31 | 68.93 | 91.48 | -29.59 | -39.3 | 99.77 | 0.11 | -9.22 | 0.23 | -32.28 | 102.25 | 19.66 | 33.56 | -17.53 |
| 22Q2 (11) | 6.15 | 39.77 | 37.28 | 44.94 | 9.32 | 20.84 | 35.52 | 24.81 | 35.26 | 35.63 | 15.95 | 47.66 | 33.41 | 12.64 | 40.2 | 14.91 | 25.82 | -2.36 | 6.82 | 23.55 | 16.18 | 0.20 | 11.11 | -16.67 | 38.85 | 11.77 | 43.04 | 129.92 | 13.47 | -19.65 | 99.65 | 7.42 | -8.43 | 0.35 | -95.37 | 103.93 | 14.72 | -23.45 | 18.23 |
| 22Q1 (10) | 4.40 | 49.66 | 4300.0 | 41.11 | 9.66 | 91.3 | 28.46 | 14.48 | 1421.93 | 30.73 | 25.38 | 1421.29 | 29.66 | 27.73 | 2080.88 | 11.85 | 30.79 | 3102.7 | 5.52 | 39.04 | 1680.65 | 0.18 | 12.5 | 80.0 | 34.76 | 19.08 | 254.69 | 114.50 | -9.49 | -34.96 | 92.77 | -8.55 | -0.1 | 7.48 | 619.95 | 4.74 | 19.23 | -15.36 | -38.23 |
| 21Q4 (9) | 2.94 | 45.54 | 62.43 | 37.49 | -1.55 | 21.17 | 24.86 | 23.19 | 51.68 | 24.51 | 33.93 | 94.52 | 23.22 | 35.39 | 86.36 | 9.06 | 40.03 | 34.22 | 3.97 | 48.13 | 56.3 | 0.16 | 6.67 | -15.79 | 29.19 | 25.28 | 73.03 | 126.51 | -16.06 | -26.99 | 101.44 | -7.7 | -22.04 | -1.44 | 86.19 | 95.22 | 22.72 | -4.7 | 24.77 |
| 21Q3 (8) | 2.02 | -54.91 | 161.77 | 38.08 | 2.39 | 422.99 | 20.18 | -23.15 | 165.88 | 18.30 | -24.16 | 152.2 | 17.15 | -28.03 | 149.78 | 6.47 | -57.63 | 156.02 | 2.68 | -54.34 | 168.02 | 0.15 | -37.5 | 25.0 | 23.30 | -14.21 | 186.91 | 150.71 | -6.79 | -25.8 | 109.90 | 0.99 | 25.77 | -10.42 | -18.06 | -182.51 | 23.84 | 91.49 | -20.37 |
| 21Q2 (7) | 4.48 | 4380.0 | 50.84 | 37.19 | 73.06 | 8.49 | 26.26 | 1304.28 | 32.76 | 24.13 | 1094.55 | 34.13 | 23.83 | 1652.21 | 38.39 | 15.27 | 4027.03 | 50.44 | 5.87 | 1793.55 | 43.17 | 0.24 | 140.0 | 4.35 | 27.16 | 177.14 | 24.25 | 161.69 | -8.15 | 2.47 | 108.82 | 17.19 | -1.01 | -8.82 | -223.53 | 11.13 | 12.45 | -60.01 | -9.39 |
| 21Q1 (6) | 0.10 | -94.48 | 120.41 | 21.49 | -30.54 | -34.24 | 1.87 | -88.59 | 125.07 | 2.02 | -83.97 | 134.71 | 1.36 | -89.09 | 114.81 | 0.37 | -94.52 | 121.64 | 0.31 | -87.8 | 162.0 | 0.10 | -47.37 | 42.86 | 9.80 | -41.91 | 52.17 | 176.04 | 1.59 | 9.15 | 92.86 | -28.64 | -27.78 | 7.14 | 123.71 | 125.0 | 31.13 | 70.95 | -41.44 |
| 20Q4 (5) | 1.81 | 155.35 | -5.24 | 30.94 | 362.43 | -10.89 | 16.39 | 153.51 | -1.44 | 12.60 | 135.94 | 6.06 | 12.46 | 136.17 | 1.88 | 6.75 | 158.44 | -2.74 | 2.54 | 164.47 | -11.5 | 0.19 | 58.33 | -13.64 | 16.87 | 162.92 | 4.39 | 173.28 | -14.69 | 22.87 | 130.12 | 48.92 | -7.29 | -30.12 | -338.59 | 24.26 | 18.21 | -39.18 | 0 |
| 20Q3 (4) | -3.27 | -210.1 | 0.0 | -11.79 | -134.39 | 0.0 | -30.63 | -254.85 | 0.0 | -35.06 | -294.89 | 0.0 | -34.45 | -300.06 | 0.0 | -11.55 | -213.79 | 0.0 | -3.94 | -196.1 | 0.0 | 0.12 | -47.83 | 0.0 | -26.81 | -222.64 | 0.0 | 203.12 | 28.73 | 0.0 | 87.38 | -20.52 | 0.0 | 12.62 | 227.15 | 0.0 | 29.94 | 117.9 | 0.0 |
| 20Q2 (3) | 2.97 | 706.12 | 0.0 | 34.28 | 4.9 | 0.0 | 19.78 | 365.15 | 0.0 | 17.99 | 409.11 | 0.0 | 17.22 | 287.58 | 0.0 | 10.15 | 693.57 | 0.0 | 4.10 | 920.0 | 0.0 | 0.23 | 228.57 | 0.0 | 21.86 | 239.44 | 0.0 | 157.79 | -2.17 | 0.0 | 109.93 | -14.5 | 0.0 | -9.93 | 65.25 | 0.0 | 13.74 | -74.15 | 0.0 |
| 20Q1 (2) | -0.49 | -125.65 | 0.0 | 32.68 | -5.88 | 0.0 | -7.46 | -144.86 | 0.0 | -5.82 | -148.99 | 0.0 | -9.18 | -175.06 | 0.0 | -1.71 | -124.64 | 0.0 | -0.50 | -117.42 | 0.0 | 0.07 | -68.18 | 0.0 | 6.44 | -60.15 | 0.0 | 161.29 | 14.37 | 0.0 | 128.57 | -8.39 | 0.0 | -28.57 | 28.15 | 0.0 | 53.16 | 0 | 0.0 |
| 19Q4 (1) | 1.91 | 0.0 | 0.0 | 34.72 | 0.0 | 0.0 | 16.63 | 0.0 | 0.0 | 11.88 | 0.0 | 0.0 | 12.23 | 0.0 | 0.0 | 6.94 | 0.0 | 0.0 | 2.87 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 16.16 | 0.0 | 0.0 | 141.03 | 0.0 | 0.0 | 140.35 | 0.0 | 0.0 | -39.77 | 0.0 | 0.0 | 0.00 | 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) | 23.66 | 18.72 | 48.19 | 6.08 | 34.65 | 3.4 | 2.47 | -11.61 | 35.01 | 5.58 | 32.91 | 4.28 | 39.52 | -13.12 | 21.72 | -4.02 | 0.63 | -10.0 | 39.30 | 5.87 | 87.28 | -6.48 | 98.96 | -2.1 | 1.04 | 0 | 0.32 | -6.77 | 18.16 | -6.63 |
| 2022 (9) | 19.93 | 108.69 | 45.43 | 29.39 | 33.51 | 60.72 | 2.79 | -12.37 | 33.16 | 69.53 | 31.56 | 68.14 | 45.49 | 46.88 | 22.63 | 71.44 | 0.70 | 4.48 | 37.12 | 53.52 | 93.33 | -26.23 | 101.09 | -5.19 | -1.03 | 0 | 0.34 | -26.59 | 19.45 | -4.8 |
| 2021 (8) | 9.55 | 818.27 | 35.11 | 48.14 | 20.85 | 287.55 | 3.18 | -22.24 | 19.56 | 593.62 | 18.77 | 737.95 | 30.97 | 734.77 | 13.20 | 486.67 | 0.67 | 3.08 | 24.18 | 179.21 | 126.51 | -26.99 | 106.62 | -44.11 | -6.62 | 0 | 0.47 | -18.52 | 20.43 | -10.82 |
| 2020 (7) | 1.04 | 108.0 | 23.70 | -10.3 | 5.38 | 55.04 | 4.09 | 0.73 | 2.82 | 68.86 | 2.24 | 79.2 | 3.71 | 116.96 | 2.25 | 47.06 | 0.65 | 6.56 | 8.66 | 14.1 | 173.28 | 22.87 | 190.76 | -9.09 | -90.76 | 0 | 0.57 | -32.33 | 22.91 | -16.54 |
| 2019 (6) | 0.50 | -87.01 | 26.42 | -5.2 | 3.47 | -48.52 | 4.07 | 209.49 | 1.67 | -83.1 | 1.25 | -86.2 | 1.71 | -86.71 | 1.53 | -79.44 | 0.61 | -19.74 | 7.59 | -38.19 | 141.03 | 27.34 | 209.84 | 207.29 | -108.20 | 0 | 0.85 | -16.89 | 27.45 | 38.85 |
| 2018 (5) | 3.85 | 18.83 | 27.87 | -8.77 | 6.74 | -34.94 | 1.31 | 5.75 | 9.88 | 5.11 | 9.06 | 19.84 | 12.87 | 6.1 | 7.44 | 6.29 | 0.76 | -12.64 | 12.28 | 9.06 | 110.75 | 78.4 | 68.29 | -38.09 | 31.97 | 0 | 1.02 | 0 | 19.77 | 0.51 |
| 2017 (4) | 3.24 | -60.25 | 30.55 | 7.19 | 10.36 | 5.5 | 1.24 | -21.69 | 9.40 | 3.75 | 7.56 | -35.05 | 12.13 | -34.36 | 7.00 | -29.51 | 0.87 | 4.82 | 11.26 | 1.08 | 62.08 | -48.43 | 110.29 | 1.78 | -10.29 | 0 | 0.00 | 0 | 19.67 | 10.69 |
| 2016 (3) | 8.15 | 58.87 | 28.50 | -5.63 | 9.82 | 3.04 | 1.59 | 12.85 | 9.06 | -4.73 | 11.64 | 17.34 | 18.48 | 36.08 | 9.93 | 26.34 | 0.83 | 9.21 | 11.14 | -3.13 | 120.38 | 87.62 | 108.37 | 8.37 | -8.37 | 0 | 0.00 | 0 | 17.77 | -1.0 |
| 2015 (2) | 5.13 | 388.57 | 30.20 | 43.4 | 9.53 | 539.6 | 1.41 | 70.3 | 9.51 | 98.54 | 9.92 | 148.62 | 13.58 | 91.54 | 7.86 | 96.01 | 0.76 | -15.56 | 11.50 | 85.78 | 64.16 | -39.74 | 100.00 | 218.18 | 0.00 | 0 | 0.00 | 0 | 17.95 | 6.91 |
| 2014 (1) | 1.05 | 64.06 | 21.06 | 0 | 1.49 | 0 | 0.83 | -64.29 | 4.79 | 0 | 3.99 | 0 | 7.09 | 0 | 4.01 | 0 | 0.90 | 119.51 | 6.19 | -57.31 | 106.48 | 31.51 | 31.43 | -71.3 | 68.57 | 0 | 0.00 | 0 | 16.79 | -33.61 |
