- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 1.19 | 10.19 | 726.32 | 33.25 | -5.73 | 30.55 | 12.27 | -11.73 | 907.24 | 14.64 | 8.44 | 2078.38 | 13.13 | 11.46 | 509.03 | 3.57 | 9.17 | 540.74 | 2.65 | 13.25 | 556.9 | 0.20 | 0.0 | 11.11 | 20.34 | 6.05 | 259.36 | 35.25 | -1.21 | -8.2 | 84.25 | -18.23 | -61.12 | 16.44 | 642.47 | 114.09 | 23.60 | 7.47 | -12.98 |
| 24Q3 (19) | 1.08 | -13.6 | -24.48 | 35.27 | -4.57 | -8.93 | 13.90 | -3.2 | -20.89 | 13.50 | -18.13 | -26.03 | 11.78 | -18.53 | -25.25 | 3.27 | -16.15 | -26.52 | 2.34 | -16.43 | -23.03 | 0.20 | 5.26 | 5.26 | 19.18 | -13.99 | -18.59 | 35.68 | -20.23 | -1.38 | 103.03 | 18.07 | 6.71 | -3.03 | -123.79 | -187.88 | 21.96 | 5.12 | 5.53 |
| 24Q2 (18) | 1.25 | 50.6 | -5.3 | 36.96 | 16.78 | -10.42 | 14.36 | 159.67 | -0.97 | 16.49 | 20.19 | -10.86 | 14.46 | 26.95 | -7.07 | 3.90 | 55.38 | -1.27 | 2.80 | 51.35 | 1.82 | 0.19 | 18.75 | 5.56 | 22.30 | 6.34 | -2.96 | 44.73 | 26.82 | -24.31 | 87.26 | 118.15 | 11.61 | 12.74 | -78.43 | -41.61 | 20.89 | -23.48 | -17.1 |
| 24Q1 (17) | 0.83 | 536.84 | 167.74 | 31.65 | 24.26 | -11.86 | 5.53 | 463.82 | -51.83 | 13.72 | 1954.05 | 117.43 | 11.39 | 454.83 | 229.19 | 2.51 | 409.88 | 202.41 | 1.85 | 418.97 | 193.65 | 0.16 | -11.11 | -11.11 | 20.97 | 270.49 | 105.19 | 35.27 | -8.15 | 11.47 | 40.00 | -81.54 | -77.86 | 59.05 | 150.61 | 171.61 | 27.30 | 0.66 | 21.82 |
| 23Q4 (16) | -0.19 | -113.29 | -117.12 | 25.47 | -34.24 | -28.21 | -1.52 | -108.65 | -111.14 | -0.74 | -104.05 | -106.1 | -3.21 | -120.37 | -132.92 | -0.81 | -118.2 | -125.23 | -0.58 | -119.08 | -124.47 | 0.18 | -5.26 | -25.0 | 5.66 | -75.98 | -63.48 | 38.40 | 6.14 | 13.24 | 216.67 | 124.4 | 93.31 | -116.67 | -3483.33 | -814.91 | 27.12 | 30.32 | 4.23 |
| 23Q3 (15) | 1.43 | 8.33 | -41.15 | 38.73 | -6.13 | 5.59 | 17.57 | 21.17 | -7.38 | 18.25 | -1.35 | -14.68 | 15.76 | 1.29 | -16.17 | 4.45 | 12.66 | -41.14 | 3.04 | 10.55 | -39.56 | 0.19 | 5.56 | -29.63 | 23.56 | 2.52 | -2.81 | 36.18 | -38.78 | -10.75 | 96.55 | 23.5 | 8.8 | 3.45 | -84.2 | -69.37 | 20.81 | -17.42 | 41.28 |
| 23Q2 (14) | 1.32 | 325.81 | -50.56 | 41.26 | 14.9 | 13.07 | 14.50 | 26.31 | -24.0 | 18.50 | 193.19 | -17.78 | 15.56 | 349.71 | -23.43 | 3.95 | 375.9 | -53.09 | 2.75 | 336.51 | -51.67 | 0.18 | 0.0 | -35.71 | 22.98 | 124.85 | -8.85 | 59.10 | 86.79 | -5.06 | 78.18 | -56.73 | -8.07 | 21.82 | 126.46 | 42.93 | 25.20 | 12.45 | 57.21 |
| 23Q1 (13) | 0.31 | -72.07 | -80.13 | 35.91 | 1.21 | -2.02 | 11.48 | -15.9 | -27.71 | 6.31 | -48.02 | -64.83 | 3.46 | -64.51 | -78.4 | 0.83 | -74.14 | -82.99 | 0.63 | -73.42 | -82.4 | 0.18 | -25.0 | -18.18 | 10.22 | -34.06 | -52.35 | 31.64 | -6.69 | -10.04 | 180.70 | 61.22 | 103.42 | -82.46 | -546.63 | -804.63 | 22.41 | -13.87 | 22.73 |
| 22Q4 (12) | 1.11 | -54.32 | -51.95 | 35.48 | -3.27 | -3.95 | 13.65 | -28.04 | -21.96 | 12.14 | -43.24 | -36.8 | 9.75 | -48.14 | -43.61 | 3.21 | -57.54 | -59.42 | 2.37 | -52.88 | -58.42 | 0.24 | -11.11 | -27.27 | 15.50 | -36.06 | -28.07 | 33.91 | -16.35 | -12.01 | 112.08 | 26.3 | 23.2 | -12.75 | -213.26 | -241.29 | 26.02 | 76.65 | 38.85 |
| 22Q3 (11) | 2.43 | -8.99 | 3.85 | 36.68 | 0.52 | 0.25 | 18.97 | -0.58 | -1.35 | 21.39 | -4.93 | -7.36 | 18.80 | -7.48 | -7.53 | 7.56 | -10.21 | -13.1 | 5.03 | -11.6 | -13.57 | 0.27 | -3.57 | -6.9 | 24.24 | -3.85 | -5.72 | 40.54 | -34.88 | 3.02 | 88.74 | 4.34 | 6.64 | 11.26 | -26.25 | -32.92 | 14.73 | -8.11 | -12.74 |
| 22Q2 (10) | 2.67 | 71.15 | 10.79 | 36.49 | -0.44 | 2.93 | 19.08 | 20.15 | -7.42 | 22.50 | 25.42 | 0.13 | 20.32 | 26.84 | 1.09 | 8.42 | 72.54 | -4.97 | 5.69 | 58.94 | -4.05 | 0.28 | 27.27 | -3.45 | 25.21 | 17.53 | 0.92 | 62.25 | 77.0 | 1.55 | 85.05 | -4.26 | -7.63 | 15.26 | 30.44 | 84.45 | 16.03 | -12.21 | 0.88 |
| 22Q1 (9) | 1.56 | -32.47 | 71.43 | 36.65 | -0.79 | 26.42 | 15.88 | -9.21 | 98.5 | 17.94 | -6.61 | 45.26 | 16.02 | -7.35 | 68.28 | 4.88 | -38.31 | 56.41 | 3.58 | -37.19 | 57.71 | 0.22 | -33.33 | -8.33 | 21.45 | -0.46 | 35.76 | 35.17 | -8.74 | -11.12 | 88.83 | -2.36 | 36.58 | 11.70 | 29.66 | -66.53 | 18.26 | -2.56 | -2.09 |
| 21Q4 (8) | 2.31 | -1.28 | 45.28 | 36.94 | 0.96 | 11.2 | 17.49 | -9.05 | 12.69 | 19.21 | -16.8 | 21.58 | 17.29 | -14.95 | 14.43 | 7.91 | -9.08 | 36.14 | 5.70 | -2.06 | 34.75 | 0.33 | 13.79 | 17.86 | 21.55 | -16.18 | 14.14 | 38.54 | -2.06 | 1.31 | 90.97 | 9.32 | -7.46 | 9.03 | -46.22 | 432.49 | 18.74 | 11.02 | -5.07 |
| 21Q3 (7) | 2.34 | -2.9 | 1.3 | 36.59 | 3.22 | -5.5 | 19.23 | -6.7 | -18.55 | 23.09 | 2.76 | -0.47 | 20.33 | 1.14 | -7.51 | 8.70 | -1.81 | -4.92 | 5.82 | -1.85 | -4.75 | 0.29 | 0.0 | 3.57 | 25.71 | 2.92 | -2.17 | 39.35 | -35.81 | 2.96 | 83.22 | -9.61 | -18.34 | 16.78 | 102.8 | 979.44 | 16.88 | 6.23 | 2.74 |
| 21Q2 (6) | 2.41 | 164.84 | 24.23 | 35.45 | 22.28 | -7.0 | 20.61 | 157.62 | -9.96 | 22.47 | 81.94 | -5.27 | 20.10 | 111.13 | -11.41 | 8.86 | 183.97 | 20.87 | 5.93 | 161.23 | 18.36 | 0.29 | 20.83 | 31.82 | 24.98 | 58.1 | -8.36 | 61.30 | 54.92 | -3.69 | 92.07 | 41.56 | -4.46 | 8.28 | -76.33 | 127.59 | 15.89 | -14.8 | 0 |
| 21Q1 (5) | 0.91 | -42.77 | 355.0 | 28.99 | -12.73 | -12.42 | 8.00 | -48.45 | 208.88 | 12.35 | -21.84 | 243.06 | 9.52 | -37.0 | 203.18 | 3.12 | -46.3 | 380.0 | 2.27 | -46.34 | 345.1 | 0.24 | -14.29 | 60.0 | 15.80 | -16.31 | 83.29 | 39.57 | 4.02 | 19.4 | 65.04 | -33.84 | -12.0 | 34.96 | 1962.6 | 14.87 | 18.65 | -5.52 | -23.97 |
| 20Q4 (4) | 1.59 | -31.17 | 0.0 | 33.22 | -14.2 | 0.0 | 15.52 | -34.27 | 0.0 | 15.80 | -31.9 | 0.0 | 15.11 | -31.26 | 0.0 | 5.81 | -36.5 | 0.0 | 4.23 | -30.77 | 0.0 | 0.28 | 0.0 | 0.0 | 18.88 | -28.16 | 0.0 | 38.04 | -0.47 | 0.0 | 98.31 | -3.54 | 0.0 | 1.69 | 188.81 | 0.0 | 19.74 | 20.15 | 0.0 |
| 20Q3 (3) | 2.31 | 19.07 | 0.0 | 38.72 | 1.57 | 0.0 | 23.61 | 3.15 | 0.0 | 23.20 | -2.19 | 0.0 | 21.98 | -3.13 | 0.0 | 9.15 | 24.83 | 0.0 | 6.11 | 21.96 | 0.0 | 0.28 | 27.27 | 0.0 | 26.28 | -3.6 | 0.0 | 38.22 | -39.95 | 0.0 | 101.91 | 5.75 | 0.0 | -1.91 | -152.48 | 0.0 | 16.43 | 0 | 0.0 |
| 20Q2 (2) | 1.94 | 870.0 | 0.0 | 38.12 | 15.17 | 0.0 | 22.89 | 783.78 | 0.0 | 23.72 | 558.89 | 0.0 | 22.69 | 622.61 | 0.0 | 7.33 | 1027.69 | 0.0 | 5.01 | 882.35 | 0.0 | 0.22 | 46.67 | 0.0 | 27.26 | 216.24 | 0.0 | 63.65 | 92.06 | 0.0 | 96.36 | 30.37 | 0.0 | 3.64 | -88.05 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (1) | 0.20 | 0.0 | 0.0 | 33.10 | 0.0 | 0.0 | 2.59 | 0.0 | 0.0 | 3.60 | 0.0 | 0.0 | 3.14 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 8.62 | 0.0 | 0.0 | 33.14 | 0.0 | 0.0 | 73.91 | 0.0 | 0.0 | 30.43 | 0.0 | 0.0 | 24.53 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 4.36 | 51.92 | 34.41 | -3.02 | 11.85 | 10.44 | 5.95 | 21.5 | 14.63 | 35.59 | 12.76 | 57.53 | 13.23 | 60.36 | 9.71 | 58.92 | 0.76 | 1.33 | 20.68 | 30.8 | 35.25 | -8.2 | 81.11 | -18.26 | 18.89 | 3583.33 | 0.27 | -15.45 | 23.23 | -2.39 |
| 2023 (9) | 2.87 | -63.06 | 35.48 | -2.34 | 10.73 | -37.21 | 4.90 | 65.96 | 10.79 | -42.51 | 8.10 | -50.88 | 8.25 | -65.5 | 6.11 | -65.38 | 0.75 | -29.91 | 15.81 | -27.61 | 38.40 | 13.24 | 99.23 | 8.99 | 0.51 | -94.28 | 0.32 | -4.36 | 23.80 | 28.51 |
| 2022 (8) | 7.77 | -2.51 | 36.33 | 4.19 | 17.09 | 1.54 | 2.95 | 15.6 | 18.77 | -4.43 | 16.49 | -4.18 | 23.91 | -11.9 | 17.65 | -10.36 | 1.07 | -6.14 | 21.84 | -2.06 | 33.91 | -12.01 | 91.04 | 6.27 | 8.96 | -37.48 | 0.34 | -14.0 | 18.52 | 5.71 |
| 2021 (7) | 7.97 | 31.74 | 34.87 | -3.17 | 16.83 | -3.83 | 2.55 | -22.97 | 19.64 | 10.15 | 17.21 | 1.59 | 27.14 | 28.2 | 19.69 | 26.54 | 1.14 | 25.27 | 22.30 | 4.4 | 38.54 | 1.31 | 85.67 | -12.67 | 14.33 | 652.85 | 0.39 | -3.93 | 17.52 | -4.99 |
| 2020 (6) | 6.05 | -21.12 | 36.01 | -8.25 | 17.50 | -9.75 | 3.32 | 45.14 | 17.83 | -18.62 | 16.94 | -18.95 | 21.17 | -14.33 | 15.56 | -16.03 | 0.91 | 3.41 | 21.36 | -12.06 | 38.04 | 6.08 | 98.10 | 10.78 | 1.90 | -83.38 | 0.41 | -8.43 | 18.44 | 1.93 |
| 2019 (5) | 7.67 | -20.93 | 39.25 | -3.28 | 19.39 | -17.77 | 2.28 | 63.57 | 21.91 | -11.9 | 20.90 | -8.57 | 24.71 | -29.68 | 18.53 | -24.43 | 0.88 | -17.76 | 24.29 | -7.92 | 35.86 | 12.77 | 88.55 | -6.63 | 11.45 | 121.79 | 0.45 | 20.75 | 18.09 | 13.63 |
| 2018 (4) | 9.70 | -8.75 | 40.58 | -3.63 | 23.58 | -8.89 | 1.40 | 29.27 | 24.87 | -3.34 | 22.86 | -2.68 | 35.14 | -26.82 | 24.52 | -17.64 | 1.07 | -15.08 | 26.38 | -1.86 | 31.80 | -50.71 | 94.84 | -5.65 | 5.16 | 0 | 0.37 | 0 | 15.92 | 12.43 |
| 2017 (3) | 10.63 | -2.74 | 42.11 | 0.67 | 25.88 | 7.21 | 1.08 | 12.22 | 25.73 | -3.2 | 23.49 | -2.17 | 48.02 | -16.37 | 29.77 | -0.77 | 1.26 | 0.8 | 26.88 | -2.82 | 64.52 | 9.19 | 100.51 | 10.72 | -0.60 | 0 | 0.00 | 0 | 14.16 | -2.01 |
| 2016 (2) | 10.93 | 4.89 | 41.83 | 14.7 | 24.14 | 9.23 | 0.96 | 12.01 | 26.58 | 28.28 | 24.01 | 29.43 | 57.42 | -23.61 | 30.00 | 19.95 | 1.25 | -2.34 | 27.66 | 21.58 | 59.09 | -58.98 | 90.78 | -14.92 | 9.22 | 0 | 0.00 | 0 | 14.45 | 35.81 |
| 2015 (1) | 10.42 | 26.92 | 36.47 | 0 | 22.10 | 0 | 0.86 | 1.07 | 20.72 | 0 | 18.55 | 0 | 75.17 | 0 | 25.01 | 0 | 1.28 | 8.47 | 22.75 | 11.36 | 144.06 | -59.5 | 106.70 | -2.96 | -6.70 | 0 | 0.00 | 0 | 10.64 | 2.01 |
