- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 1.29 | -5.15 | 51.76 | 20.96 | -9.89 | 15.93 | 6.51 | -36.05 | 37.05 | 8.85 | -1.01 | 92.81 | 6.50 | 1.88 | 48.06 | 5.13 | -11.09 | 61.83 | 2.71 | -6.55 | 53.11 | 0.40 | -9.09 | 2.56 | 12.87 | 1.98 | 50.18 | 90.95 | -10.96 | 9.21 | 73.48 | -35.52 | -28.98 | 26.52 | 290.08 | 866.53 | 40.77 | 12.16 | -2.18 |
| 23Q4 (19) | 1.36 | -20.47 | -29.53 | 23.26 | 7.49 | -1.52 | 10.18 | 20.47 | -13.44 | 8.94 | -14.29 | -19.46 | 6.38 | -19.24 | -18.83 | 5.77 | -25.74 | -15.02 | 2.90 | -20.55 | -17.14 | 0.44 | -2.22 | 0.0 | 12.62 | -9.99 | -13.32 | 102.14 | -8.25 | 12.33 | 113.95 | 40.73 | 7.51 | -13.95 | -173.33 | -132.88 | 36.35 | -5.66 | -1.54 |
| 23Q3 (18) | 1.71 | 41.32 | -44.66 | 21.64 | 11.37 | -10.32 | 8.45 | 23.54 | -26.71 | 10.43 | 22.13 | -33.48 | 7.90 | 22.67 | -30.7 | 7.77 | 43.89 | -37.03 | 3.65 | 33.21 | -36.85 | 0.45 | 9.76 | -10.0 | 14.02 | 13.06 | -24.83 | 111.33 | -13.71 | 5.73 | 80.97 | 1.07 | 10.15 | 19.03 | -4.32 | -28.11 | 38.53 | -5.38 | 10.78 |
| 23Q2 (17) | 1.21 | 42.35 | -58.7 | 19.43 | 7.47 | -24.57 | 6.84 | 44.0 | -45.76 | 8.54 | 86.06 | -45.01 | 6.44 | 46.7 | -43.26 | 5.40 | 70.35 | -57.71 | 2.74 | 54.8 | -51.85 | 0.41 | 5.13 | -18.0 | 12.40 | 44.69 | -33.3 | 129.02 | 54.92 | -0.56 | 80.11 | -22.57 | -1.33 | 19.89 | 674.79 | 5.76 | 40.72 | -2.3 | 17.01 |
| 23Q1 (16) | 0.85 | -55.96 | -63.83 | 18.08 | -23.45 | -23.06 | 4.75 | -59.61 | -58.3 | 4.59 | -58.65 | -66.13 | 4.39 | -44.15 | -55.48 | 3.17 | -53.31 | -69.81 | 1.77 | -49.43 | -61.69 | 0.39 | -11.36 | -15.22 | 8.57 | -41.14 | -48.74 | 83.28 | -8.41 | -33.1 | 103.46 | -2.39 | 23.04 | -3.46 | 42.25 | -121.74 | 41.68 | 12.89 | 19.09 |
| 22Q4 (15) | 1.93 | -37.54 | 5.46 | 23.62 | -2.11 | -5.25 | 11.76 | 1.99 | 2.71 | 11.10 | -29.21 | -6.17 | 7.86 | -31.05 | -17.44 | 6.79 | -44.98 | -27.3 | 3.50 | -39.45 | -16.47 | 0.44 | -12.0 | 2.33 | 14.56 | -21.93 | -7.79 | 90.93 | -13.65 | -33.23 | 105.99 | 44.19 | 9.55 | -5.99 | -122.64 | -284.4 | 36.92 | 6.15 | 0.57 |
| 22Q3 (14) | 3.09 | 5.46 | 757.45 | 24.13 | -6.33 | 101.25 | 11.53 | -8.56 | 354.53 | 15.68 | 0.97 | 549.28 | 11.40 | 0.44 | 567.21 | 12.34 | -3.37 | 906.54 | 5.78 | 1.58 | 950.0 | 0.50 | 0.0 | 66.67 | 18.65 | 0.32 | 971.84 | 105.30 | -18.84 | -15.16 | 73.51 | -9.47 | -43.26 | 26.47 | 40.75 | 189.58 | 34.78 | -0.06 | -27.51 |
| 22Q2 (13) | 2.93 | 24.68 | 51.81 | 25.76 | 9.62 | 1.5 | 12.61 | 10.71 | -0.08 | 15.53 | 14.61 | 24.34 | 11.35 | 15.11 | 20.36 | 12.77 | 21.62 | 45.44 | 5.69 | 23.16 | 32.02 | 0.50 | 8.7 | 11.11 | 18.59 | 11.18 | 17.73 | 129.75 | 4.23 | 32.2 | 81.20 | -3.44 | -19.65 | 18.80 | 18.16 | 1950.28 | 34.80 | -0.57 | -0.91 |
| 22Q1 (12) | 2.35 | 28.42 | 26.34 | 23.50 | -5.74 | -3.77 | 11.39 | -0.52 | -5.0 | 13.55 | 14.54 | -2.66 | 9.86 | 3.57 | 4.23 | 10.50 | 12.42 | 14.25 | 4.62 | 10.26 | 9.48 | 0.46 | 6.98 | 4.55 | 16.72 | 5.89 | -3.02 | 124.49 | -8.58 | 8.76 | 84.09 | -13.09 | -2.35 | 15.91 | 389.81 | 14.55 | 35.00 | -4.66 | -0.62 |
| 21Q4 (11) | 1.83 | 489.36 | 33.58 | 24.93 | 107.92 | 0.93 | 11.45 | 352.76 | 3.81 | 11.83 | 438.97 | 10.46 | 9.52 | 490.16 | 22.37 | 9.34 | 710.46 | 29.9 | 4.19 | 716.18 | 27.36 | 0.43 | 43.33 | 2.38 | 15.79 | 807.47 | 9.81 | 136.18 | 9.72 | 7.87 | 96.75 | -25.32 | -6.04 | 3.25 | 111.0 | 209.48 | 36.71 | -23.49 | -11.03 |
| 21Q3 (10) | -0.47 | -124.35 | -128.48 | 11.99 | -52.76 | -52.4 | -4.53 | -135.9 | -137.97 | -3.49 | -127.94 | -127.14 | -2.44 | -125.87 | -124.77 | -1.53 | -117.43 | -116.21 | -0.68 | -115.78 | -115.85 | 0.30 | -33.33 | -30.23 | 1.74 | -88.98 | -89.44 | 124.12 | 26.46 | 4.66 | 129.55 | 28.19 | 39.65 | -29.55 | -2807.27 | -508.31 | 47.98 | 36.62 | 34.17 |
| 21Q2 (9) | 1.93 | 3.76 | 80.37 | 25.38 | 3.93 | 8.18 | 12.62 | 5.25 | 26.45 | 12.49 | -10.27 | 26.03 | 9.43 | -0.32 | 35.29 | 8.78 | -4.46 | 46.58 | 4.31 | 2.13 | 55.04 | 0.45 | 2.27 | 15.38 | 15.79 | -8.41 | 13.84 | 98.15 | -14.25 | -22.39 | 101.06 | 17.36 | 0.36 | -1.02 | -107.31 | -45.79 | 35.12 | -0.28 | 0 |
| 21Q1 (8) | 1.86 | 35.77 | 7.51 | 24.42 | -1.13 | 11.56 | 11.99 | 8.7 | 47.48 | 13.92 | 29.97 | 28.89 | 9.46 | 21.59 | 21.91 | 9.19 | 27.82 | 25.38 | 4.22 | 28.27 | 23.03 | 0.44 | 4.76 | 2.33 | 17.24 | 19.89 | 21.15 | 114.46 | -9.33 | -2.0 | 86.11 | -16.37 | 14.34 | 13.89 | 568.15 | -43.74 | 35.22 | -14.64 | -4.35 |
| 20Q4 (7) | 1.37 | -16.97 | -22.6 | 24.70 | -1.95 | 4.18 | 11.03 | -7.54 | 13.95 | 10.71 | -16.72 | -2.37 | 7.78 | -21.02 | -2.38 | 7.19 | -23.83 | -11.34 | 3.29 | -23.31 | -14.99 | 0.42 | -2.33 | -10.64 | 14.38 | -12.74 | 1.7 | 126.24 | 6.45 | 4.96 | 102.97 | 11.0 | 16.69 | -2.97 | -141.01 | -125.23 | 41.26 | 15.38 | 0 |
| 20Q3 (6) | 1.65 | 54.21 | -33.2 | 25.19 | 7.37 | 0.12 | 11.93 | 19.54 | -5.54 | 12.86 | 29.77 | -13.81 | 9.85 | 41.32 | -3.62 | 9.44 | 57.6 | -18.34 | 4.29 | 54.32 | -19.36 | 0.43 | 10.26 | -15.69 | 16.48 | 18.82 | -7.31 | 118.59 | -6.23 | 8.18 | 92.76 | -7.88 | 9.54 | 7.24 | 1138.03 | -52.74 | 35.76 | 0 | 5.52 |
| 20Q2 (5) | 1.07 | -38.15 | -52.02 | 23.46 | 7.17 | -4.28 | 9.98 | 22.76 | -13.82 | 9.91 | -8.24 | -27.93 | 6.97 | -10.18 | -30.92 | 5.99 | -18.28 | -40.63 | 2.78 | -18.95 | -43.03 | 0.39 | -9.3 | -18.75 | 13.87 | -2.53 | -17.49 | 126.47 | 8.28 | -3.94 | 100.70 | 33.72 | 19.57 | -0.70 | -102.82 | -104.42 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 1.73 | -2.26 | 0.0 | 21.89 | -7.68 | 0.0 | 8.13 | -16.01 | 0.0 | 10.80 | -1.55 | 0.0 | 7.76 | -2.63 | 0.0 | 7.33 | -9.62 | 0.0 | 3.43 | -11.37 | 0.0 | 0.43 | -8.51 | 0.0 | 14.23 | 0.64 | 0.0 | 116.80 | -2.89 | 0.0 | 75.31 | -14.66 | 0.0 | 24.69 | 109.94 | 0.0 | 36.82 | 0 | 0.0 |
| 19Q4 (3) | 1.77 | -28.34 | 0.0 | 23.71 | -5.76 | 0.0 | 9.68 | -23.36 | 0.0 | 10.97 | -26.47 | 0.0 | 7.97 | -22.02 | 0.0 | 8.11 | -29.84 | 0.0 | 3.87 | -27.26 | 0.0 | 0.47 | -7.84 | 0.0 | 14.14 | -20.47 | 0.0 | 120.28 | 9.72 | 0.0 | 88.24 | 4.19 | 0.0 | 11.76 | -23.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 2.47 | 10.76 | 0.0 | 25.16 | 2.65 | 0.0 | 12.63 | 9.07 | 0.0 | 14.92 | 8.51 | 0.0 | 10.22 | 1.29 | 0.0 | 11.56 | 14.57 | 0.0 | 5.32 | 9.02 | 0.0 | 0.51 | 6.25 | 0.0 | 17.78 | 5.77 | 0.0 | 109.62 | -16.74 | 0.0 | 84.69 | 0.56 | 0.0 | 15.31 | -3.01 | 0.0 | 33.89 | -1.48 | 0.0 |
| 19Q2 (1) | 2.23 | 0.0 | 0.0 | 24.51 | 0.0 | 0.0 | 11.58 | 0.0 | 0.0 | 13.75 | 0.0 | 0.0 | 10.09 | 0.0 | 0.0 | 10.09 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 16.81 | 0.0 | 0.0 | 131.66 | 0.0 | 0.0 | 84.21 | 0.0 | 0.0 | 15.79 | 0.0 | 0.0 | 34.40 | 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) | 5.04 | -51.07 | 20.73 | -14.62 | 7.68 | -35.08 | 3.41 | 16.39 | 8.26 | -41.21 | 6.35 | -37.62 | 20.97 | -49.81 | 11.08 | -45.01 | 1.68 | -13.85 | 12.02 | -30.16 | 102.14 | 12.33 | 92.98 | 10.42 | 7.02 | -55.56 | 0.84 | 2.03 | 39.20 | 10.89 |
| 2022 (9) | 10.30 | 100.0 | 24.28 | 7.43 | 11.83 | 30.57 | 2.93 | -17.45 | 14.05 | 42.64 | 10.18 | 38.69 | 41.78 | 58.74 | 20.15 | 73.11 | 1.95 | 25.81 | 17.21 | 25.9 | 90.93 | -33.23 | 84.21 | -8.52 | 15.79 | 98.58 | 0.82 | -3.98 | 35.35 | -6.65 |
| 2021 (8) | 5.15 | -6.87 | 22.60 | -5.32 | 9.06 | -11.61 | 3.55 | 3.76 | 9.85 | -11.18 | 7.34 | -9.49 | 26.32 | -10.35 | 11.64 | -13.07 | 1.55 | -4.32 | 13.67 | -7.32 | 136.18 | 7.87 | 92.05 | -0.44 | 7.95 | 5.39 | 0.85 | -1.01 | 37.87 | -0.26 |
| 2020 (7) | 5.53 | -34.79 | 23.87 | -2.01 | 10.25 | -9.53 | 3.42 | 21.35 | 11.09 | -16.24 | 8.11 | -14.36 | 29.36 | -23.02 | 13.39 | -28.97 | 1.62 | -17.35 | 14.75 | -9.45 | 126.24 | 4.96 | 92.45 | 7.97 | 7.55 | -47.48 | 0.86 | -4.75 | 37.97 | 9.02 |
| 2019 (6) | 8.48 | 7.61 | 24.36 | -0.37 | 11.33 | -0.26 | 2.82 | 0.61 | 13.24 | -1.34 | 9.47 | 4.07 | 38.14 | 8.6 | 18.85 | 3.8 | 1.96 | -1.01 | 16.29 | -0.61 | 120.28 | 33.64 | 85.63 | 1.13 | 14.37 | -6.23 | 0.91 | -16.7 | 34.83 | 2.23 |
| 2018 (5) | 7.88 | 19.76 | 24.45 | 6.35 | 11.36 | 14.98 | 2.80 | -1.64 | 13.42 | 22.89 | 9.10 | 10.98 | 35.12 | 12.89 | 18.16 | 15.89 | 1.98 | 4.76 | 16.39 | 17.58 | 90.00 | -11.01 | 84.68 | -6.47 | 15.32 | 61.85 | 1.09 | 0 | 34.07 | -1.47 |
| 2017 (4) | 6.58 | -1.35 | 22.99 | -4.29 | 9.88 | -10.59 | 2.85 | 0.03 | 10.92 | -9.98 | 8.20 | 1.23 | 31.11 | 0.23 | 15.67 | -1.63 | 1.89 | -3.08 | 13.94 | -7.93 | 101.13 | 1.28 | 90.53 | -0.57 | 9.47 | 5.81 | 0.00 | 0 | 34.58 | 1.47 |
| 2016 (3) | 6.67 | -6.19 | 24.02 | 13.95 | 11.05 | 11.62 | 2.85 | 10.72 | 12.13 | 8.11 | 8.10 | -2.99 | 31.04 | -9.13 | 15.93 | -8.55 | 1.95 | -5.34 | 15.14 | 8.45 | 99.85 | 7.42 | 91.05 | 3.2 | 8.95 | -23.91 | 0.00 | 0 | 34.08 | 9.94 |
| 2015 (2) | 7.11 | 33.4 | 21.08 | 2.83 | 9.90 | 4.76 | 2.57 | -5.16 | 11.22 | 5.75 | 8.35 | 15.65 | 34.16 | 17.55 | 17.42 | 16.99 | 2.06 | 1.48 | 13.96 | 3.41 | 92.95 | -10.98 | 88.22 | -0.92 | 11.76 | 7.3 | 0.00 | 0 | 31.00 | 3.68 |
| 2014 (1) | 5.33 | 29.37 | 20.50 | 0 | 9.45 | 0 | 2.71 | -14.39 | 10.61 | 0 | 7.22 | 0 | 29.06 | 0 | 14.89 | 0 | 2.03 | 13.41 | 13.50 | 9.76 | 104.42 | 15.09 | 89.04 | 4.0 | 10.96 | -23.8 | 0.00 | 0 | 29.90 | -3.02 |
