- 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) | 2.31 | 5.48 | -9.06 | 18.24 | -12.48 | -0.87 | 13.13 | 8.15 | 1.31 | 10.45 | -4.04 | -35.21 | 7.97 | 5.28 | -32.69 | 3.09 | -1.59 | -14.88 | 1.75 | -5.41 | -12.06 | 0.21 | -8.7 | 31.25 | 12.00 | -4.15 | -33.88 | 84.95 | -6.77 | 4.25 | 125.50 | 12.53 | 56.18 | -25.61 | -124.06 | -230.33 | 6.85 | 1.33 | -17.67 |
| 24Q2 (19) | 2.19 | 57.55 | -2.67 | 20.84 | 13.38 | 12.59 | 12.14 | 33.41 | -7.54 | 10.89 | 4.41 | -27.69 | 7.57 | 2.3 | -20.48 | 3.14 | 61.03 | -4.85 | 1.85 | 51.64 | 4.52 | 0.23 | 53.33 | 35.29 | 12.52 | -0.71 | -26.35 | 91.12 | 23.15 | -10.84 | 111.53 | 27.88 | 27.93 | -11.43 | -189.38 | -189.13 | 6.76 | -21.12 | -14.1 |
| 24Q1 (18) | 1.39 | 237.62 | -26.46 | 18.38 | -18.64 | 7.42 | 9.10 | -24.98 | -21.08 | 10.43 | 266.35 | 3.68 | 7.40 | 205.56 | -1.07 | 1.95 | 230.0 | -32.29 | 1.22 | 276.81 | -21.79 | 0.15 | 25.0 | -25.0 | 12.61 | 523.15 | 8.71 | 73.99 | -3.78 | -21.79 | 87.21 | 145.2 | -23.88 | 12.79 | -95.63 | 187.74 | 8.57 | -13.7 | 29.26 |
| 23Q4 (17) | -1.01 | -139.76 | -199.02 | 22.59 | 22.77 | 23.65 | 12.13 | -6.4 | 12.0 | -6.27 | -138.87 | -263.71 | -7.01 | -159.21 | -325.4 | -1.50 | -141.32 | -198.04 | -0.69 | -134.67 | -184.15 | 0.12 | -25.0 | -52.0 | -2.98 | -116.42 | -161.32 | 76.90 | -5.63 | -21.51 | -192.93 | -340.1 | -168.17 | 292.93 | 1390.9 | 260.07 | 9.93 | 19.35 | 70.62 |
| 23Q3 (16) | 2.54 | 12.89 | -17.8 | 18.40 | -0.59 | -0.33 | 12.96 | -1.29 | 28.32 | 16.13 | 7.1 | 23.89 | 11.84 | 24.37 | 19.11 | 3.63 | 10.0 | -20.39 | 1.99 | 12.43 | -12.72 | 0.16 | -5.88 | -30.43 | 18.15 | 6.76 | 28.72 | 81.49 | -20.26 | -17.54 | 80.35 | -7.83 | 3.65 | 19.65 | 53.23 | -12.58 | 8.32 | 5.72 | 26.64 |
| 23Q2 (15) | 2.25 | 19.05 | -29.47 | 18.51 | 8.18 | 8.37 | 13.13 | 13.88 | 49.37 | 15.06 | 49.7 | 2.59 | 9.52 | 27.27 | -12.58 | 3.30 | 14.58 | -30.96 | 1.77 | 13.46 | -26.86 | 0.17 | -15.0 | -22.73 | 17.00 | 46.55 | 7.26 | 102.20 | 8.02 | -4.79 | 87.18 | -23.91 | 45.63 | 12.82 | 187.99 | -68.05 | 7.87 | 18.7 | 3.96 |
| 23Q1 (14) | 1.89 | 85.29 | -53.22 | 17.11 | -6.35 | 15.53 | 11.53 | 6.46 | 67.34 | 10.06 | 162.66 | -47.77 | 7.48 | 140.51 | -50.33 | 2.88 | 88.24 | -54.14 | 1.56 | 90.24 | -52.44 | 0.20 | -20.0 | -9.09 | 11.60 | 138.68 | -43.11 | 94.61 | -3.43 | -0.32 | 114.57 | -59.52 | 220.28 | -14.57 | 92.04 | -122.69 | 6.63 | 13.92 | -10.28 |
| 22Q4 (13) | 1.02 | -66.99 | -78.06 | 18.27 | -1.03 | 23.53 | 10.83 | 7.23 | 163.5 | 3.83 | -70.58 | -85.97 | 3.11 | -68.71 | -85.44 | 1.53 | -66.45 | -80.38 | 0.82 | -64.04 | -80.0 | 0.25 | 8.7 | 31.58 | 4.86 | -65.53 | -83.11 | 97.97 | -0.86 | 7.42 | 283.00 | 265.05 | 1780.41 | -183.00 | -914.24 | -315.43 | 5.82 | -11.42 | -46.99 |
| 22Q3 (12) | 3.09 | -3.13 | -24.08 | 18.46 | 8.08 | 31.11 | 10.10 | 14.9 | 54.91 | 13.02 | -11.31 | -39.53 | 9.94 | -8.72 | -40.83 | 4.56 | -4.6 | -38.96 | 2.28 | -5.79 | -39.2 | 0.23 | 4.55 | 4.55 | 14.10 | -11.04 | -37.5 | 98.82 | -7.94 | 5.06 | 77.52 | 29.51 | 156.35 | 22.48 | -44.01 | -67.75 | 6.57 | -13.21 | -11.69 |
| 22Q2 (11) | 3.19 | -21.04 | 7.41 | 17.08 | 15.33 | 17.15 | 8.79 | 27.58 | 32.18 | 14.68 | -23.78 | -16.16 | 10.89 | -27.69 | -15.19 | 4.78 | -23.89 | -12.93 | 2.42 | -26.22 | -15.09 | 0.22 | 0.0 | 0.0 | 15.85 | -22.27 | -14.88 | 107.34 | 13.1 | 0.61 | 59.86 | 67.33 | 57.61 | 40.14 | -37.5 | -35.28 | 7.57 | 2.44 | -7.0 |
| 22Q1 (10) | 4.04 | -13.12 | 4.66 | 14.81 | 0.14 | 19.44 | 6.89 | 67.64 | 60.23 | 19.26 | -29.45 | 1.8 | 15.06 | -29.49 | 1.76 | 6.28 | -19.49 | -8.45 | 3.28 | -20.0 | -14.58 | 0.22 | 15.79 | -15.38 | 20.39 | -29.13 | 2.62 | 94.91 | 4.07 | 15.17 | 35.77 | 137.69 | 57.3 | 64.23 | -24.39 | -16.87 | 7.39 | -32.7 | -0.54 |
| 21Q4 (9) | 4.65 | 14.25 | 28.81 | 14.79 | 5.04 | 15.19 | 4.11 | -36.96 | -22.74 | 27.30 | 26.8 | 39.86 | 21.36 | 27.14 | 35.88 | 7.80 | 4.42 | 15.9 | 4.10 | 9.33 | 6.77 | 0.19 | -13.64 | -20.83 | 28.77 | 27.53 | 38.92 | 91.20 | -3.04 | 18.61 | 15.05 | -50.23 | -44.8 | 84.95 | 21.88 | 16.8 | 10.98 | 47.58 | 18.96 |
| 21Q3 (8) | 4.07 | 37.04 | -9.76 | 14.08 | -3.43 | 6.83 | 6.52 | -1.95 | -11.89 | 21.53 | 22.96 | -9.95 | 16.80 | 30.84 | -10.59 | 7.47 | 36.07 | -17.64 | 3.75 | 31.58 | -25.6 | 0.22 | 0.0 | -18.52 | 22.56 | 21.16 | -9.69 | 94.06 | -11.84 | 22.68 | 30.24 | -20.38 | -2.19 | 69.70 | 12.38 | 0.89 | 7.44 | -8.6 | 2.34 |
| 21Q2 (7) | 2.97 | -23.06 | -19.07 | 14.58 | 17.58 | -6.72 | 6.65 | 54.65 | -18.4 | 17.51 | -7.45 | -11.65 | 12.84 | -13.24 | -15.8 | 5.49 | -19.97 | -30.59 | 2.85 | -25.78 | -35.81 | 0.22 | -15.38 | -24.14 | 18.62 | -6.29 | -10.82 | 106.69 | 29.46 | 24.46 | 37.98 | 67.0 | -7.72 | 62.02 | -19.72 | 5.28 | 8.14 | 9.56 | 13.85 |
| 21Q1 (6) | 3.86 | 6.93 | 145.86 | 12.40 | -3.43 | -13.04 | 4.30 | -19.17 | -36.76 | 18.92 | -3.07 | 55.46 | 14.80 | -5.85 | 57.11 | 6.86 | 1.93 | 102.36 | 3.84 | 0.0 | 93.94 | 0.26 | 8.33 | 30.0 | 19.87 | -4.06 | 43.67 | 82.41 | 7.18 | 11.21 | 22.74 | -16.59 | -59.23 | 77.26 | 6.22 | 75.34 | 7.43 | -19.5 | -5.47 |
| 20Q4 (5) | 3.61 | -19.96 | 82.32 | 12.84 | -2.58 | 2.07 | 5.32 | -28.11 | -3.97 | 19.52 | -18.36 | 92.13 | 15.72 | -16.34 | 94.31 | 6.73 | -25.8 | 61.78 | 3.84 | -23.81 | 64.1 | 0.24 | -11.11 | -14.29 | 20.71 | -17.09 | 80.56 | 76.89 | 0.29 | -1.79 | 27.27 | -11.82 | -49.97 | 72.73 | 5.29 | 59.84 | 9.23 | 26.96 | 0 |
| 20Q3 (4) | 4.51 | 22.89 | 0.0 | 13.18 | -15.67 | 0.0 | 7.40 | -9.2 | 0.0 | 23.91 | 20.64 | 0.0 | 18.79 | 23.21 | 0.0 | 9.07 | 14.66 | 0.0 | 5.04 | 13.51 | 0.0 | 0.27 | -6.9 | 0.0 | 24.98 | 19.64 | 0.0 | 76.67 | -10.56 | 0.0 | 30.92 | -24.87 | 0.0 | 69.08 | 17.27 | 0.0 | 7.27 | 1.68 | 0.0 |
| 20Q2 (3) | 3.67 | 133.76 | 0.0 | 15.63 | 9.61 | 0.0 | 8.15 | 19.85 | 0.0 | 19.82 | 62.86 | 0.0 | 15.25 | 61.89 | 0.0 | 7.91 | 133.33 | 0.0 | 4.44 | 124.24 | 0.0 | 0.29 | 45.0 | 0.0 | 20.88 | 50.98 | 0.0 | 85.72 | 15.68 | 0.0 | 41.16 | -26.22 | 0.0 | 58.91 | 33.7 | 0.0 | 7.15 | -9.03 | 0.0 |
| 20Q1 (2) | 1.57 | -20.71 | 0.0 | 14.26 | 13.35 | 0.0 | 6.80 | 22.74 | 0.0 | 12.17 | 19.78 | 0.0 | 9.42 | 16.44 | 0.0 | 3.39 | -18.51 | 0.0 | 1.98 | -15.38 | 0.0 | 0.20 | -28.57 | 0.0 | 13.83 | 20.58 | 0.0 | 74.10 | -5.35 | 0.0 | 55.78 | 2.36 | 0.0 | 44.06 | -3.17 | 0.0 | 7.86 | 0 | 0.0 |
| 19Q4 (1) | 1.98 | 0.0 | 0.0 | 12.58 | 0.0 | 0.0 | 5.54 | 0.0 | 0.0 | 10.16 | 0.0 | 0.0 | 8.09 | 0.0 | 0.0 | 4.16 | 0.0 | 0.0 | 2.34 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 11.47 | 0.0 | 0.0 | 78.29 | 0.0 | 0.0 | 54.50 | 0.0 | 0.0 | 45.50 | 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) | 5.66 | -50.09 | 18.76 | 8.63 | 12.42 | 33.69 | 1.16 | 37.48 | 10.09 | -17.02 | 6.60 | -29.34 | 8.35 | -51.57 | 4.91 | -45.5 | 0.68 | -28.42 | 12.15 | -8.37 | 76.90 | -21.51 | 123.13 | 61.14 | -23.13 | 0 | 0.16 | -7.07 | 7.96 | 17.58 |
| 2022 (9) | 11.34 | -27.07 | 17.27 | 24.16 | 9.29 | 71.72 | 0.84 | -10.17 | 12.16 | -42.4 | 9.34 | -42.66 | 17.24 | -36.36 | 9.01 | -39.16 | 0.95 | 5.56 | 13.26 | -40.38 | 97.97 | 7.42 | 76.41 | 198.39 | 23.57 | -68.31 | 0.17 | 22.62 | 6.77 | -19.4 |
| 2021 (8) | 15.55 | 16.39 | 13.91 | -0.57 | 5.41 | -22.27 | 0.94 | -5.48 | 21.11 | 9.04 | 16.29 | 7.24 | 27.09 | 2.73 | 14.81 | -1.33 | 0.90 | -8.16 | 22.24 | 8.12 | 91.20 | 18.61 | 25.61 | -28.76 | 74.38 | 16.12 | 0.14 | -26.86 | 8.40 | 7.01 |
| 2020 (7) | 13.36 | 59.62 | 13.99 | 3.48 | 6.96 | 14.85 | 0.99 | 7.12 | 19.36 | 70.72 | 15.19 | 71.44 | 26.37 | 45.93 | 15.01 | 43.36 | 0.98 | -16.24 | 20.57 | 65.09 | 76.89 | -1.79 | 35.95 | -32.69 | 64.05 | 37.46 | 0.19 | 7.67 | 7.85 | 17.87 |
| 2019 (6) | 8.37 | 46.33 | 13.52 | 3.13 | 6.06 | 15.87 | 0.92 | -1.28 | 11.34 | 11.83 | 8.86 | 31.26 | 18.07 | 31.23 | 10.47 | 28.15 | 1.17 | -0.85 | 12.46 | 10.17 | 78.29 | 9.4 | 53.40 | 3.64 | 46.60 | -3.8 | 0.18 | -2.65 | 6.66 | -1.33 |
| 2018 (5) | 5.72 | 114.23 | 13.11 | 9.52 | 5.23 | 13.94 | 0.94 | -13.73 | 10.14 | 119.01 | 6.75 | 89.08 | 13.77 | 116.85 | 8.17 | 111.66 | 1.18 | 12.38 | 11.31 | 92.35 | 71.56 | -2.47 | 51.53 | -48.12 | 48.44 | 7068.57 | 0.18 | -3.33 | 6.75 | -1.17 |
| 2017 (4) | 2.67 | -58.41 | 11.97 | -16.7 | 4.59 | -31.7 | 1.09 | 3.1 | 4.63 | -56.4 | 3.57 | -57.3 | 6.35 | -56.15 | 3.86 | -56.14 | 1.05 | 0.96 | 5.88 | -50.17 | 73.37 | 12.63 | 99.32 | 56.89 | 0.68 | -98.16 | 0.19 | 0 | 6.83 | -22.21 |
| 2016 (3) | 6.42 | -36.87 | 14.37 | -16.36 | 6.72 | -33.13 | 1.05 | 27.43 | 10.62 | -23.43 | 8.36 | -22.88 | 14.48 | -38.33 | 8.80 | -36.6 | 1.04 | -18.11 | 11.80 | -20.22 | 65.14 | -3.05 | 63.31 | -12.64 | 36.69 | 33.39 | 0.00 | 0 | 8.78 | 13.58 |
| 2015 (2) | 10.17 | -9.2 | 17.18 | -3.97 | 10.05 | 2.76 | 0.83 | 4.54 | 13.87 | -11.6 | 10.84 | -12.93 | 23.48 | -19.84 | 13.88 | -17.43 | 1.27 | -5.22 | 14.79 | -10.9 | 67.19 | -8.5 | 72.47 | 16.28 | 27.51 | -27.0 | 0.00 | 0 | 7.73 | 2.11 |
| 2014 (1) | 11.20 | 9.7 | 17.89 | 0 | 9.78 | 0 | 0.79 | 40.79 | 15.69 | 0 | 12.45 | 0 | 29.29 | 0 | 16.81 | 0 | 1.34 | -6.29 | 16.60 | 2.09 | 73.43 | -5.47 | 62.32 | -7.64 | 37.68 | 15.84 | 0.00 | 0 | 7.57 | 3.27 |
