- 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) | 1.53 | 30.77 | 77.91 | 38.30 | 3.82 | 15.05 | 21.65 | 21.77 | 60.85 | 17.96 | 20.05 | 87.08 | 12.15 | 10.25 | 75.83 | 3.33 | 23.79 | 87.08 | 2.03 | 31.82 | 76.52 | 0.13 | 18.18 | 18.18 | 30.30 | 11.77 | 22.18 | 108.96 | -2.05 | -19.55 | 120.49 | 1.38 | -14.08 | -20.62 | -9.38 | 48.75 | 25.19 | -8.93 | -21.43 |
| 24Q2 (19) | 1.17 | 4.46 | 387.5 | 36.89 | 6.56 | 37.6 | 17.78 | 4.47 | 887.78 | 14.96 | 6.4 | 867.18 | 11.02 | 6.89 | 624.76 | 2.69 | 5.91 | 772.5 | 1.54 | 6.21 | 670.0 | 0.11 | 0.0 | 37.5 | 27.11 | 0.82 | 72.35 | 111.24 | -8.65 | -16.72 | 118.85 | -1.78 | 228.55 | -18.85 | 10.23 | -109.8 | 27.66 | 2.07 | -2.74 |
| 24Q1 (18) | 1.12 | 180.0 | 148.89 | 34.62 | 12.62 | 10.54 | 17.02 | 119.05 | 86.21 | 14.06 | 403.94 | 356.49 | 10.31 | 1312.33 | 386.32 | 2.54 | 1487.5 | 477.27 | 1.45 | 190.0 | 168.52 | 0.11 | 10.0 | 22.22 | 26.89 | 56.34 | 43.95 | 121.78 | -4.75 | 0.5 | 121.00 | -56.54 | -59.37 | -21.00 | 88.23 | 89.38 | 27.10 | -6.45 | -12.21 |
| 23Q4 (17) | 0.40 | -53.49 | 21.21 | 30.74 | -7.66 | 2.54 | 7.77 | -42.27 | -27.18 | 2.79 | -70.94 | -39.61 | 0.73 | -89.44 | -51.97 | 0.16 | -91.01 | -48.39 | 0.50 | -56.52 | 19.05 | 0.10 | -9.09 | 11.11 | 17.20 | -30.65 | 9.35 | 127.85 | -5.6 | 6.79 | 278.41 | 98.53 | 20.7 | -178.41 | -343.44 | -36.55 | 28.97 | -9.64 | 34.43 |
| 23Q3 (16) | 0.86 | 258.33 | -35.82 | 33.29 | 24.17 | -1.86 | 13.46 | 647.78 | -11.04 | 9.60 | 592.31 | -36.0 | 6.91 | 429.05 | -39.01 | 1.78 | 545.0 | -43.85 | 1.15 | 475.0 | -28.13 | 0.11 | 37.5 | -8.33 | 24.80 | 57.66 | -5.34 | 135.44 | 1.4 | 4.17 | 140.23 | 251.68 | 39.08 | -40.23 | -120.91 | -4736.03 | 32.06 | 12.73 | 20.12 |
| 23Q2 (15) | 0.24 | -46.67 | -87.23 | 26.81 | -14.4 | -24.78 | 1.80 | -80.31 | -91.03 | -1.95 | -163.31 | -109.27 | -2.10 | -199.06 | -113.99 | -0.40 | -190.91 | -107.17 | 0.20 | -62.96 | -92.19 | 0.08 | -11.11 | -50.0 | 15.73 | -15.79 | -45.78 | 133.57 | 10.23 | 4.5 | -92.45 | -131.04 | -196.84 | 192.45 | 197.28 | 4059.34 | 28.44 | -7.87 | 23.76 |
| 23Q1 (14) | 0.45 | 36.36 | -71.15 | 31.32 | 4.47 | -13.74 | 9.14 | -14.34 | -50.14 | 3.08 | -33.33 | -83.01 | 2.12 | 39.47 | -83.07 | 0.44 | 41.94 | -88.97 | 0.54 | 28.57 | -71.58 | 0.09 | 0.0 | -35.71 | 18.68 | 18.75 | -30.06 | 121.17 | 1.21 | -7.57 | 297.83 | 29.12 | 194.4 | -197.83 | -51.41 | -19014.95 | 30.87 | 43.25 | 26.88 |
| 22Q4 (13) | 0.33 | -75.37 | -77.85 | 29.98 | -11.62 | -17.75 | 10.67 | -29.48 | -36.68 | 4.62 | -69.2 | -74.9 | 1.52 | -86.58 | -88.05 | 0.31 | -90.22 | -92.03 | 0.42 | -73.75 | -77.66 | 0.09 | -25.0 | -35.71 | 15.73 | -39.96 | -41.89 | 119.72 | -7.92 | 6.62 | 230.66 | 128.75 | 151.9 | -130.66 | -15604.96 | -1649.51 | 21.55 | -19.26 | -24.49 |
| 22Q3 (12) | 1.34 | -28.72 | 14.53 | 33.92 | -4.83 | -1.22 | 15.13 | -24.61 | 1.82 | 15.00 | -28.71 | -5.72 | 11.33 | -24.52 | -5.43 | 3.17 | -43.19 | 0.0 | 1.60 | -37.5 | 8.11 | 0.12 | -25.0 | 0.0 | 26.20 | -9.69 | 0.23 | 130.02 | 1.72 | 6.99 | 100.83 | 5.62 | 8.05 | -0.83 | -117.98 | -112.8 | 26.69 | 16.14 | -5.49 |
| 22Q2 (11) | 1.88 | 20.51 | -18.26 | 35.64 | -1.85 | -7.88 | 20.07 | 9.49 | -23.46 | 21.04 | 16.05 | -17.13 | 15.01 | 19.89 | -5.42 | 5.58 | 39.85 | -26.58 | 2.56 | 34.74 | -17.68 | 0.16 | 14.29 | -15.79 | 29.01 | 8.61 | -7.17 | 127.82 | -2.5 | -6.2 | 95.47 | -5.63 | -7.56 | 4.63 | 547.08 | 241.22 | 22.98 | -5.55 | 31.09 |
| 22Q1 (10) | 1.56 | 4.7 | -20.0 | 36.31 | -0.38 | -10.94 | 18.33 | 8.78 | -27.98 | 18.13 | -1.52 | -28.68 | 12.52 | -1.57 | -24.12 | 3.99 | 2.57 | -36.36 | 1.90 | 1.06 | -24.0 | 0.14 | 0.0 | -6.67 | 26.71 | -1.33 | -19.01 | 131.10 | 16.75 | -21.43 | 101.16 | 10.48 | 1.08 | -1.03 | -112.27 | -514.75 | 24.33 | -14.75 | 16.63 |
| 21Q4 (9) | 1.49 | 27.35 | 8.76 | 36.45 | 6.14 | -2.46 | 16.85 | 13.39 | -13.9 | 18.41 | 15.71 | 0.93 | 12.72 | 6.18 | -2.3 | 3.89 | 22.71 | -0.51 | 1.88 | 27.03 | 16.77 | 0.14 | 16.67 | 16.67 | 27.07 | 3.56 | -2.13 | 112.29 | -7.6 | -27.5 | 91.57 | -1.88 | -14.71 | 8.43 | 29.76 | 214.61 | 28.54 | 1.06 | 10.79 |
| 21Q3 (8) | 1.17 | -49.13 | -4.1 | 34.34 | -11.24 | -3.38 | 14.86 | -43.33 | -14.94 | 15.91 | -37.34 | -4.56 | 11.98 | -24.51 | 2.22 | 3.17 | -58.29 | -7.58 | 1.48 | -52.41 | 0.68 | 0.12 | -36.84 | 0.0 | 26.14 | -16.35 | -4.11 | 121.53 | -10.82 | -23.74 | 93.32 | -9.64 | -10.92 | 6.50 | 298.32 | 236.46 | 28.24 | 61.1 | 7.91 |
| 21Q2 (7) | 2.30 | 17.95 | 180.49 | 38.69 | -5.1 | 12.67 | 26.22 | 3.03 | 74.57 | 25.39 | -0.12 | 70.98 | 15.87 | -3.82 | 61.61 | 7.60 | 21.21 | 192.31 | 3.11 | 24.4 | 163.56 | 0.19 | 26.67 | 72.73 | 31.25 | -5.25 | 14.59 | 136.27 | -18.33 | -5.73 | 103.28 | 3.19 | 2.13 | -3.28 | -1846.26 | -191.61 | 17.53 | -15.96 | 0 |
| 21Q1 (6) | 1.95 | 42.34 | 8.94 | 40.77 | 9.1 | 5.65 | 25.45 | 30.05 | 11.43 | 25.42 | 39.36 | 16.23 | 16.50 | 26.73 | 20.0 | 6.27 | 60.36 | 13.59 | 2.50 | 55.28 | 3.31 | 0.15 | 25.0 | -6.25 | 32.98 | 19.23 | 9.39 | 166.85 | 7.73 | 6.57 | 100.08 | -6.77 | -4.21 | -0.17 | 97.71 | 96.24 | 20.86 | -19.02 | 0 |
| 20Q4 (5) | 1.37 | 12.3 | 8.73 | 37.37 | 5.15 | 1.38 | 19.57 | 12.02 | 3.49 | 18.24 | 9.42 | 12.66 | 13.02 | 11.09 | 16.67 | 3.91 | 13.99 | 9.52 | 1.61 | 9.52 | -4.73 | 0.12 | 0.0 | -7.69 | 27.66 | 1.47 | 5.25 | 154.88 | -2.82 | 13.22 | 107.36 | 2.48 | -8.18 | -7.36 | -54.5 | 56.08 | 25.76 | -1.57 | -2.42 |
| 20Q3 (4) | 1.22 | 48.78 | 0.0 | 35.54 | 3.49 | 0.0 | 17.47 | 16.31 | 0.0 | 16.67 | 12.26 | 0.0 | 11.72 | 19.35 | 0.0 | 3.43 | 31.92 | 0.0 | 1.47 | 24.58 | 0.0 | 0.12 | 9.09 | 0.0 | 27.26 | -0.04 | 0.0 | 159.37 | 10.25 | 0.0 | 104.76 | 3.6 | 0.0 | -4.76 | -323.81 | 0.0 | 26.17 | 0 | 0.0 |
| 20Q2 (3) | 0.82 | -54.19 | 0.0 | 34.34 | -11.01 | 0.0 | 15.02 | -34.24 | 0.0 | 14.85 | -32.1 | 0.0 | 9.82 | -28.58 | 0.0 | 2.60 | -52.9 | 0.0 | 1.18 | -51.24 | 0.0 | 0.11 | -31.25 | 0.0 | 27.27 | -9.55 | 0.0 | 144.55 | -7.67 | 0.0 | 101.12 | -3.21 | 0.0 | -1.12 | 74.91 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.79 | 42.06 | 0.0 | 38.59 | 4.69 | 0.0 | 22.84 | 20.78 | 0.0 | 21.87 | 35.08 | 0.0 | 13.75 | 23.21 | 0.0 | 5.52 | 54.62 | 0.0 | 2.42 | 43.2 | 0.0 | 0.16 | 23.08 | 0.0 | 30.15 | 14.73 | 0.0 | 156.56 | 14.44 | 0.0 | 104.48 | -10.64 | 0.0 | -4.48 | 73.27 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.26 | 0.0 | 0.0 | 36.86 | 0.0 | 0.0 | 18.91 | 0.0 | 0.0 | 16.19 | 0.0 | 0.0 | 11.16 | 0.0 | 0.0 | 3.57 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 26.28 | 0.0 | 0.0 | 136.80 | 0.0 | 0.0 | 116.92 | 0.0 | 0.0 | -16.75 | 0.0 | 0.0 | 26.40 | 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) | 1.95 | -61.76 | 30.76 | -10.48 | 8.44 | -49.43 | 10.59 | 37.41 | 3.78 | -76.08 | 2.23 | -79.71 | 1.95 | -84.67 | 2.43 | -63.46 | 0.39 | -27.78 | 19.42 | -23.21 | 127.85 | 6.79 | 222.93 | 111.11 | -122.93 | 0 | 0.61 | -6.26 | 29.91 | 24.57 |
| 2022 (9) | 5.10 | -26.19 | 34.36 | -9.32 | 16.69 | -23.26 | 7.71 | 10.03 | 15.80 | -28.25 | 10.99 | -24.62 | 12.72 | -37.77 | 6.65 | -27.32 | 0.54 | -10.0 | 25.29 | -15.08 | 119.72 | 6.62 | 105.60 | 6.9 | -5.60 | 0 | 0.65 | -3.54 | 24.01 | 4.85 |
| 2021 (8) | 6.91 | 32.63 | 37.89 | 3.21 | 21.75 | 13.4 | 7.00 | -18.84 | 22.02 | 20.2 | 14.58 | 18.63 | 20.44 | 36.91 | 9.15 | 39.06 | 0.60 | 22.45 | 29.78 | 5.34 | 112.29 | -27.5 | 98.78 | -5.61 | 1.22 | 0 | 0.68 | 3.87 | 22.90 | -7.92 |
| 2020 (7) | 5.21 | 1.96 | 36.71 | 2.71 | 19.18 | 6.38 | 8.63 | 21.93 | 18.32 | 10.49 | 12.29 | 10.82 | 14.93 | 0.2 | 6.58 | -6.8 | 0.49 | -12.5 | 28.27 | 11.04 | 154.88 | 13.22 | 104.66 | -3.8 | -4.66 | 0 | 0.65 | -18.48 | 24.87 | 3.24 |
| 2019 (6) | 5.11 | 11.82 | 35.74 | -1.65 | 18.03 | 4.34 | 7.08 | 22.59 | 16.58 | 2.79 | 11.09 | 0.45 | 14.90 | 6.81 | 7.06 | 2.17 | 0.56 | -1.75 | 25.46 | 8.9 | 136.80 | -2.24 | 108.79 | 1.54 | -8.75 | 0 | 0.80 | -10.48 | 24.09 | 3.66 |
| 2018 (5) | 4.57 | -15.99 | 36.34 | -9.26 | 17.28 | -24.08 | 5.77 | -2.53 | 16.13 | -26.88 | 11.04 | -29.23 | 13.95 | -21.8 | 6.91 | -31.04 | 0.57 | -8.06 | 23.38 | -19.16 | 139.94 | 37.06 | 107.14 | 3.85 | -7.14 | 0 | 0.89 | 0 | 23.24 | -5.3 |
| 2017 (4) | 5.44 | 8.8 | 40.05 | 1.88 | 22.76 | 4.36 | 5.92 | 6.02 | 22.06 | -0.45 | 15.60 | -3.76 | 17.84 | -0.06 | 10.02 | -7.73 | 0.62 | -4.62 | 28.92 | 1.8 | 102.10 | 48.62 | 103.16 | 4.77 | -3.20 | 0 | 0.00 | 0 | 24.54 | 11.55 |
| 2016 (3) | 5.00 | 30.55 | 39.31 | 5.9 | 21.81 | 7.39 | 5.59 | 3.26 | 22.16 | 6.74 | 16.21 | 10.5 | 17.85 | 17.05 | 10.86 | 14.68 | 0.65 | 4.84 | 28.41 | 5.69 | 68.70 | -0.72 | 98.47 | 0.63 | 1.57 | -26.68 | 0.00 | 0 | 22.00 | 2.23 |
| 2015 (2) | 3.83 | 16.41 | 37.12 | 10.77 | 20.31 | 20.75 | 5.41 | -9.15 | 20.76 | 20.84 | 14.67 | 16.34 | 15.25 | 6.12 | 9.47 | 6.64 | 0.62 | -8.82 | 26.88 | 12.85 | 69.20 | 9.27 | 97.86 | -0.04 | 2.14 | 1.69 | 0.00 | 0 | 21.52 | 13.2 |
| 2014 (1) | 3.29 | 38.82 | 33.51 | 0 | 16.82 | 0 | 5.96 | -9.06 | 17.18 | 0 | 12.61 | 0 | 14.37 | 0 | 8.88 | 0 | 0.68 | -1.45 | 23.82 | 12.68 | 63.33 | -12.19 | 97.89 | -1.49 | 2.11 | 238.37 | 0.00 | 0 | 19.01 | -0.58 |
