- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q1 (20) | 0.85 | 18.06 | -18.27 | 39.90 | 10.8 | -2.11 | 22.55 | 33.43 | -5.21 | 24.77 | 9.12 | -14.11 | 19.82 | 7.78 | -13.98 | 4.62 | 13.51 | -24.26 | 3.44 | 15.44 | -18.68 | 0.17 | 6.25 | -5.56 | 34.13 | 3.55 | -9.88 | 33.67 | -10.57 | -23.15 | 90.86 | 22.14 | 10.5 | 9.14 | -64.32 | -47.35 | 0.00 | -100.0 | -100.0 |
| 24Q4 (19) | 0.72 | -7.69 | -29.41 | 36.01 | -12.21 | -18.1 | 16.90 | -30.11 | -41.64 | 22.70 | 0.84 | -9.71 | 18.39 | 2.62 | -8.55 | 4.07 | -11.9 | -35.29 | 2.98 | -5.4 | -29.88 | 0.16 | -5.88 | -23.81 | 32.96 | 3.78 | -1.02 | 37.65 | -4.47 | -23.38 | 74.39 | -30.95 | -35.22 | 25.61 | 456.57 | 267.89 | 14.33 | 14.73 | 22.79 |
| 24Q3 (18) | 0.78 | -28.44 | 0.0 | 41.02 | 3.51 | 2.63 | 24.18 | 3.25 | 20.78 | 22.51 | -14.57 | -3.68 | 17.92 | -21.88 | -4.32 | 4.62 | -27.36 | -8.7 | 3.15 | -26.06 | -4.55 | 0.17 | -5.56 | 0.0 | 31.76 | -9.08 | -4.34 | 39.41 | -32.55 | -24.2 | 107.73 | 21.4 | 25.92 | -7.18 | -163.81 | -149.72 | 12.49 | -6.79 | -2.65 |
| 24Q2 (17) | 1.09 | 4.81 | 91.23 | 39.63 | -2.77 | -0.1 | 23.42 | -1.56 | 46.01 | 26.35 | -8.63 | 40.46 | 22.94 | -0.43 | 28.44 | 6.36 | 4.26 | 75.69 | 4.26 | 0.71 | 73.17 | 0.18 | 0.0 | 38.46 | 34.93 | -7.76 | 12.17 | 58.43 | 33.37 | -3.66 | 88.74 | 7.92 | 3.69 | 11.26 | -35.15 | -21.92 | 13.40 | -6.03 | -7.84 |
| 24Q1 (16) | 1.04 | 1.96 | 1633.33 | 40.76 | -7.3 | 4.38 | 23.79 | -17.85 | 334.92 | 28.84 | 14.72 | 653.0 | 23.04 | 14.57 | 673.15 | 6.10 | -3.02 | 1505.26 | 4.23 | -0.47 | 1221.88 | 0.18 | -14.29 | 100.0 | 37.87 | 13.72 | 71.51 | 43.81 | -10.85 | 5.34 | 82.23 | -28.39 | -43.93 | 17.36 | 213.77 | 143.39 | 14.26 | 22.19 | -16.36 |
| 23Q4 (15) | 1.02 | 30.77 | 410.0 | 43.97 | 10.01 | 10.7 | 28.96 | 44.66 | 131.68 | 25.14 | 7.57 | 150.65 | 20.11 | 7.37 | 174.73 | 6.29 | 24.31 | 419.83 | 4.25 | 28.79 | 382.95 | 0.21 | 23.53 | 90.91 | 33.30 | 0.3 | 39.27 | 49.14 | -5.48 | 13.93 | 114.83 | 34.22 | -7.04 | -15.25 | -205.61 | 40.16 | 11.67 | -9.04 | -9.53 |
| 23Q3 (14) | 0.78 | 36.84 | 36.84 | 39.97 | 0.76 | -5.82 | 20.02 | 24.81 | 7.63 | 23.37 | 24.57 | -8.21 | 18.73 | 4.87 | -7.55 | 5.06 | 39.78 | 43.34 | 3.30 | 34.15 | 45.37 | 0.17 | 30.77 | 54.55 | 33.20 | 6.62 | -11.58 | 51.99 | -14.28 | 10.95 | 85.56 | -0.04 | 17.31 | 14.44 | 0.21 | -46.64 | 12.83 | -11.76 | -11.94 |
| 23Q2 (13) | 0.57 | 850.0 | -43.0 | 39.67 | 1.59 | -3.69 | 16.04 | 193.24 | -32.52 | 18.76 | 389.82 | -34.66 | 17.86 | 499.33 | -28.7 | 3.62 | 852.63 | -36.82 | 2.46 | 668.75 | -32.42 | 0.13 | 44.44 | -7.14 | 31.14 | 41.03 | -15.1 | 60.65 | 45.83 | -12.13 | 85.59 | -41.65 | 3.19 | 14.41 | 136.04 | -15.52 | 14.54 | -14.72 | 4.53 |
| 23Q1 (12) | 0.06 | -70.0 | -94.92 | 39.05 | -1.69 | -9.75 | 5.47 | -56.24 | -81.23 | 3.83 | -61.81 | -88.2 | 2.98 | -59.29 | -88.5 | 0.38 | -68.6 | -94.08 | 0.32 | -63.64 | -92.63 | 0.09 | -18.18 | -47.06 | 22.08 | -7.65 | -43.86 | 41.59 | -3.57 | -15.31 | 146.67 | 18.73 | 62.83 | -40.00 | -56.92 | -488.57 | 17.05 | 32.17 | 16.38 |
| 22Q4 (11) | 0.20 | -64.91 | -80.77 | 39.72 | -6.41 | 0.18 | 12.50 | -32.8 | -51.53 | 10.03 | -60.6 | -63.62 | 7.32 | -63.87 | -66.58 | 1.21 | -65.72 | -79.93 | 0.88 | -61.23 | -78.11 | 0.11 | 0.0 | -38.89 | 23.91 | -36.32 | -31.78 | 43.13 | -7.96 | -10.11 | 123.53 | 69.38 | 31.73 | -25.49 | -194.17 | -483.95 | 12.90 | -11.46 | -13.42 |
| 22Q3 (10) | 0.57 | -43.0 | -50.43 | 42.44 | 3.03 | -0.05 | 18.60 | -21.75 | -33.4 | 25.46 | -11.32 | -8.97 | 20.26 | -19.12 | -9.35 | 3.53 | -38.39 | -46.35 | 2.27 | -37.64 | -48.64 | 0.11 | -21.43 | -45.0 | 37.55 | 2.37 | 6.16 | 46.86 | -32.11 | -13.35 | 72.93 | -12.06 | -27.07 | 27.07 | 58.65 | 0 | 14.57 | 4.74 | 2.68 |
| 22Q2 (9) | 1.00 | -15.25 | -18.7 | 41.19 | -4.81 | -5.59 | 23.77 | -18.46 | -25.06 | 28.71 | -11.55 | -2.35 | 25.05 | -3.36 | -1.03 | 5.73 | -10.75 | -18.14 | 3.64 | -16.13 | -23.37 | 0.14 | -17.65 | -26.32 | 36.68 | -6.74 | -1.9 | 69.02 | 40.54 | 49.72 | 82.94 | -7.92 | -23.19 | 17.06 | 65.74 | 313.68 | 13.91 | -5.05 | 23.98 |
| 22Q1 (8) | 1.18 | 13.46 | -3.28 | 43.27 | 9.13 | 1.45 | 29.15 | 13.03 | -8.02 | 32.46 | 17.74 | 2.08 | 25.92 | 18.36 | 2.57 | 6.42 | 6.47 | -13.94 | 4.34 | 7.96 | -13.37 | 0.17 | -5.56 | -15.0 | 39.33 | 12.21 | -1.23 | 49.11 | 2.36 | -2.83 | 90.07 | -3.95 | -9.61 | 10.29 | 55.06 | 2813.24 | 14.65 | -1.68 | 27.06 |
| 21Q4 (7) | 1.04 | -9.57 | 31.65 | 39.65 | -6.62 | -4.78 | 25.79 | -7.66 | -3.44 | 27.57 | -1.43 | 14.54 | 21.90 | -2.01 | 13.77 | 6.03 | -8.36 | 17.09 | 4.02 | -9.05 | 16.86 | 0.18 | -10.0 | 0.0 | 35.05 | -0.9 | 4.88 | 47.98 | -11.28 | -1.74 | 93.78 | -6.22 | -15.51 | 6.64 | 0 | 160.41 | 14.90 | 5.0 | 30.13 |
| 21Q3 (6) | 1.15 | -6.5 | 88.52 | 42.46 | -2.68 | 1.19 | 27.93 | -11.95 | 12.53 | 27.97 | -4.86 | 27.48 | 22.35 | -11.69 | 27.64 | 6.58 | -6.0 | 57.42 | 4.42 | -6.95 | 64.93 | 0.20 | 5.26 | 33.33 | 35.37 | -5.4 | 7.44 | 54.08 | 17.31 | -0.52 | 100.00 | -7.39 | -11.88 | 0.00 | 100.0 | 100.0 | 14.19 | 26.47 | 15.84 |
| 21Q2 (5) | 1.23 | 0.82 | 70.83 | 43.63 | 2.3 | -1.29 | 31.72 | 0.09 | 18.49 | 29.40 | -7.55 | 18.79 | 25.31 | 0.16 | 13.04 | 7.00 | -6.17 | 47.68 | 4.75 | -5.19 | 53.23 | 0.19 | -5.0 | 35.71 | 37.39 | -6.1 | 0.48 | 46.10 | -8.79 | -25.59 | 107.98 | 8.37 | -0.17 | -7.98 | -2359.7 | 2.19 | 11.22 | -2.69 | 0 |
| 21Q1 (4) | 1.22 | 54.43 | 0.0 | 42.65 | 2.43 | 0.0 | 31.69 | 18.64 | 0.0 | 31.80 | 32.11 | 0.0 | 25.27 | 31.27 | 0.0 | 7.46 | 44.85 | 0.0 | 5.01 | 45.64 | 0.0 | 0.20 | 11.11 | 0.0 | 39.82 | 19.15 | 0.0 | 50.54 | 3.5 | 0.0 | 99.65 | -10.22 | 0.0 | 0.35 | 103.22 | 0.0 | 11.53 | 0.7 | 0.0 |
| 20Q4 (3) | 0.79 | 29.51 | 0.0 | 41.64 | -0.76 | 0.0 | 26.71 | 7.61 | 0.0 | 24.07 | 9.71 | 0.0 | 19.25 | 9.94 | 0.0 | 5.15 | 23.21 | 0.0 | 3.44 | 28.36 | 0.0 | 0.18 | 20.0 | 0.0 | 33.42 | 1.52 | 0.0 | 48.83 | -10.17 | 0.0 | 110.99 | -2.19 | 0.0 | -10.99 | 18.45 | 0.0 | 11.45 | -6.53 | 0.0 |
| 20Q3 (2) | 0.61 | -15.28 | 0.0 | 41.96 | -5.07 | 0.0 | 24.82 | -7.28 | 0.0 | 21.94 | -11.35 | 0.0 | 17.51 | -21.8 | 0.0 | 4.18 | -11.81 | 0.0 | 2.68 | -13.55 | 0.0 | 0.15 | 7.14 | 0.0 | 32.92 | -11.53 | 0.0 | 54.36 | -12.25 | 0.0 | 113.48 | 4.91 | 0.0 | -13.48 | -65.07 | 0.0 | 12.25 | 0 | 0.0 |
| 20Q2 (1) | 0.72 | 0.0 | 0.0 | 44.20 | 0.0 | 0.0 | 26.77 | 0.0 | 0.0 | 24.75 | 0.0 | 0.0 | 22.39 | 0.0 | 0.0 | 4.74 | 0.0 | 0.0 | 3.10 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 37.21 | 0.0 | 0.0 | 61.95 | 0.0 | 0.0 | 108.16 | 0.0 | 0.0 | -8.16 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 3.63 | 49.38 | 39.46 | -4.13 | 22.25 | 10.59 | 8.82 | -15.7 | 25.23 | 25.46 | 20.70 | 23.88 | 20.97 | 43.24 | 14.85 | 44.88 | 0.71 | 18.33 | 34.46 | 10.66 | 37.65 | -23.38 | 88.14 | -11.86 | 11.74 | 0 | 0.17 | 14.16 | 13.60 | 1.34 |
| 2023 (9) | 2.43 | -17.63 | 41.16 | -1.6 | 20.12 | -9.65 | 10.47 | 12.64 | 20.11 | -21.57 | 16.71 | -20.12 | 14.64 | -14.54 | 10.25 | -13.72 | 0.60 | 7.14 | 31.14 | -11.58 | 49.14 | 13.93 | 100.00 | 15.0 | 0.00 | 0 | 0.15 | 12.44 | 13.42 | -4.69 |
| 2022 (8) | 2.95 | -36.15 | 41.83 | -0.66 | 22.27 | -23.94 | 9.29 | 23.76 | 25.64 | -12.1 | 20.92 | -11.73 | 17.13 | -38.09 | 11.88 | -36.71 | 0.56 | -29.11 | 35.22 | -4.58 | 43.13 | -10.11 | 86.96 | -13.37 | 13.19 | 0 | 0.14 | 31.94 | 14.08 | 8.56 |
| 2021 (7) | 4.62 | 60.42 | 42.11 | -0.05 | 29.28 | 12.66 | 7.51 | -30.07 | 29.17 | 19.21 | 23.70 | 17.68 | 27.67 | 48.92 | 18.77 | 50.88 | 0.79 | 29.51 | 36.91 | 3.85 | 47.98 | -1.74 | 100.38 | -5.6 | -0.38 | 0 | 0.10 | 11.29 | 12.97 | 3.51 |
| 2020 (6) | 2.88 | 3.23 | 42.13 | 3.08 | 25.99 | 1.37 | 10.74 | 6.57 | 24.47 | -1.49 | 20.14 | -0.89 | 18.58 | -3.08 | 12.44 | -1.27 | 0.61 | 0.0 | 35.54 | 0.74 | 48.83 | -8.37 | 106.34 | 3.06 | -6.18 | 0 | 0.09 | 33.98 | 12.53 | -1.88 |
| 2019 (5) | 2.79 | 29.17 | 40.87 | 8.84 | 25.64 | 13.96 | 10.08 | -5.14 | 24.84 | 4.72 | 20.32 | 5.5 | 19.17 | 29.79 | 12.60 | 14.23 | 0.61 | 7.02 | 35.28 | 1.88 | 53.29 | -3.21 | 103.18 | 8.74 | -3.18 | 0 | 0.07 | 35.9 | 12.77 | -5.96 |
| 2018 (4) | 2.16 | 0.47 | 37.55 | 7.93 | 22.50 | -6.64 | 10.62 | 8.6 | 23.72 | 5.66 | 19.26 | 4.39 | 14.77 | 5.05 | 11.03 | -8.01 | 0.57 | -12.31 | 34.63 | 7.41 | 55.06 | 216.98 | 94.89 | -11.56 | 5.11 | 0 | 0.05 | 0 | 13.58 | 9.25 |
| 2017 (3) | 2.15 | 1.42 | 34.79 | -6.13 | 24.10 | -10.54 | 9.78 | 3.14 | 22.45 | -12.27 | 18.45 | -13.79 | 14.06 | -4.22 | 11.99 | -5.74 | 0.65 | 10.17 | 32.24 | -8.12 | 17.37 | 1.64 | 107.29 | 2.0 | -7.29 | 0 | 0.00 | 0 | 12.43 | 6.33 |
| 2016 (2) | 2.12 | -11.67 | 37.06 | -1.12 | 26.94 | -3.92 | 9.48 | 9.05 | 25.59 | -11.42 | 21.40 | -13.64 | 14.68 | -12.1 | 12.72 | -13.59 | 0.59 | 0.0 | 35.09 | -6.63 | 17.09 | 20.61 | 105.19 | 8.32 | -5.19 | 0 | 0.00 | 0 | 11.69 | 5.98 |
| 2015 (1) | 2.40 | 26.32 | 37.48 | 0 | 28.04 | 0 | 8.70 | -16.16 | 28.89 | 0 | 24.78 | 0 | 16.70 | 0 | 14.72 | 0 | 0.59 | 11.32 | 37.58 | -0.13 | 14.17 | 12.64 | 97.11 | 4.7 | 2.89 | -59.12 | 0.00 | 0 | 11.03 | 10.85 |
