- 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) | 0.90 | -10.89 | 11.11 | 31.79 | 6.86 | 5.13 | 16.57 | 12.8 | 20.51 | 15.43 | 2.19 | 12.06 | 12.55 | 0.0 | 8.85 | 3.47 | -14.11 | 8.1 | 1.86 | -9.71 | 14.11 | 0.14 | -12.5 | 7.69 | 36.08 | 7.96 | 1.72 | 91.08 | -10.57 | -13.1 | 107.44 | 10.45 | 7.6 | -7.42 | -372.26 | -5328.54 | 8.32 | 10.05 | 4.26 |
| 24Q4 (19) | 1.01 | 14.77 | 16.09 | 29.75 | -8.26 | 4.2 | 14.69 | -8.19 | 7.15 | 15.10 | -2.14 | 13.53 | 12.55 | -2.71 | 15.56 | 4.04 | 10.08 | 7.45 | 2.06 | 14.44 | 21.18 | 0.16 | 23.08 | 6.67 | 33.42 | -10.09 | 6.88 | 101.84 | -8.74 | -10.99 | 97.28 | -6.17 | -5.59 | 2.72 | 174.31 | 188.81 | 7.56 | -9.68 | 2.02 |
| 24Q3 (18) | 0.88 | 2.33 | 1.15 | 32.43 | 3.44 | 5.39 | 16.00 | 7.31 | 3.29 | 15.43 | 3.07 | 2.59 | 12.90 | 3.12 | 4.96 | 3.67 | 5.46 | -22.08 | 1.80 | 4.05 | -1.64 | 0.13 | 0.0 | -7.14 | 37.17 | 1.12 | 5.63 | 111.59 | -7.78 | -33.25 | 103.67 | 4.08 | 0.61 | -3.67 | -1018.67 | -20.8 | 8.37 | -0.83 | 4.23 |
| 24Q2 (17) | 0.86 | 6.17 | 1.18 | 31.35 | 3.67 | -2.4 | 14.91 | 8.44 | -5.75 | 14.97 | 8.71 | -4.77 | 12.51 | 8.5 | -2.65 | 3.48 | 8.41 | -21.09 | 1.73 | 6.13 | -1.7 | 0.13 | 0.0 | 0.0 | 36.76 | 3.64 | -1.16 | 121.00 | 15.45 | -31.79 | 99.60 | -0.26 | -1.01 | 0.40 | 181.32 | 161.9 | 8.44 | 5.76 | -1.97 |
| 24Q1 (16) | 0.81 | -6.9 | -4.71 | 30.24 | 5.92 | -3.08 | 13.75 | 0.29 | -9.78 | 13.77 | 3.53 | -9.65 | 11.53 | 6.17 | -7.39 | 3.21 | -14.63 | -24.11 | 1.63 | -4.12 | -5.78 | 0.13 | -13.33 | 0.0 | 35.47 | 13.43 | -2.74 | 104.81 | -8.39 | -30.42 | 99.86 | -3.09 | -0.08 | 0.14 | 104.62 | 141.2 | 7.98 | 7.69 | -4.66 |
| 23Q4 (15) | 0.87 | 0.0 | 11.54 | 28.55 | -7.21 | -1.38 | 13.71 | -11.49 | 0.15 | 13.30 | -11.57 | 1.53 | 10.86 | -11.64 | 2.74 | 3.76 | -20.17 | -8.07 | 1.70 | -7.1 | 6.25 | 0.15 | 7.14 | 7.14 | 31.27 | -11.14 | -3.84 | 114.41 | -31.56 | -31.05 | 103.04 | 0.0 | -1.41 | -3.07 | -1.08 | 31.97 | 7.41 | -7.72 | 0.27 |
| 23Q3 (14) | 0.87 | 2.35 | 17.57 | 30.77 | -4.2 | 0.49 | 15.49 | -2.09 | 8.02 | 15.04 | -4.33 | 10.18 | 12.29 | -4.36 | 11.42 | 4.71 | 6.8 | 16.87 | 1.83 | 3.98 | 21.19 | 0.14 | 7.69 | 7.69 | 35.19 | -5.38 | 1.21 | 167.17 | -5.76 | -4.63 | 103.04 | 2.41 | -1.93 | -3.04 | -370.78 | 40.0 | 8.03 | -6.74 | -0.5 |
| 23Q2 (13) | 0.85 | 0.0 | 19.72 | 32.12 | 2.95 | -0.09 | 15.82 | 3.81 | 5.75 | 15.72 | 3.15 | 13.26 | 12.85 | 3.21 | 14.22 | 4.41 | 4.26 | 20.49 | 1.76 | 1.73 | 23.94 | 0.13 | 0.0 | 8.33 | 37.19 | 1.97 | 1.86 | 177.39 | 17.76 | -4.65 | 100.62 | 0.67 | -6.65 | -0.64 | -1196.13 | 91.72 | 8.61 | 2.87 | -1.03 |
| 23Q1 (12) | 0.85 | 8.97 | 19.72 | 31.20 | 7.77 | 4.24 | 15.24 | 11.32 | 10.6 | 15.24 | 16.34 | 14.85 | 12.45 | 17.79 | 15.81 | 4.23 | 3.42 | 20.17 | 1.73 | 8.12 | 22.7 | 0.13 | -7.14 | 0.0 | 36.47 | 12.15 | 5.1 | 150.64 | -9.22 | -3.98 | 99.94 | -4.37 | -3.8 | 0.06 | 101.3 | 101.51 | 8.37 | 13.26 | 2.2 |
| 22Q4 (11) | 0.78 | 5.41 | 27.87 | 28.95 | -5.45 | 6.28 | 13.69 | -4.53 | 21.47 | 13.10 | -4.03 | 25.84 | 10.57 | -4.17 | 27.66 | 4.09 | 1.49 | 32.36 | 1.60 | 5.96 | 32.23 | 0.14 | 7.69 | 0.0 | 32.52 | -6.47 | 9.64 | 165.94 | -5.33 | 0.22 | 104.51 | -0.52 | -3.44 | -4.51 | 10.86 | 45.19 | 7.39 | -8.43 | -1.2 |
| 22Q3 (10) | 0.74 | 4.23 | -28.16 | 30.62 | -4.76 | -1.1 | 14.34 | -4.14 | 11.25 | 13.65 | -1.66 | -28.23 | 11.03 | -1.96 | -32.7 | 4.03 | 10.11 | -25.51 | 1.51 | 6.34 | -24.5 | 0.13 | 8.33 | 8.33 | 34.77 | -4.77 | -15.99 | 175.28 | -5.79 | -1.77 | 105.06 | -2.53 | 55.07 | -5.06 | 35.04 | -115.69 | 8.07 | -7.24 | -5.28 |
| 22Q2 (9) | 0.71 | 0.0 | 16.39 | 32.15 | 7.42 | 0.5 | 14.96 | 8.56 | 13.42 | 13.88 | 4.6 | 12.85 | 11.25 | 4.65 | 10.29 | 3.66 | 3.98 | 21.19 | 1.42 | 0.71 | 15.45 | 0.12 | -7.69 | 9.09 | 36.51 | 5.22 | 1.9 | 186.05 | 18.59 | 0.91 | 107.79 | 3.75 | 0.54 | -7.79 | -100.3 | -7.96 | 8.70 | 6.23 | -1.58 |
| 22Q1 (8) | 0.71 | 16.39 | 26.79 | 29.93 | 9.88 | 1.01 | 13.78 | 22.27 | 20.35 | 13.27 | 27.47 | 24.72 | 10.75 | 29.83 | 21.74 | 3.52 | 13.92 | 32.33 | 1.41 | 16.53 | 22.61 | 0.13 | -7.14 | 8.33 | 34.70 | 16.99 | 6.21 | 156.89 | -5.24 | 9.81 | 103.89 | -4.01 | -3.47 | -3.89 | 52.74 | 48.99 | 8.19 | 9.49 | -2.5 |
| 21Q4 (7) | 0.61 | -40.78 | 5.17 | 27.24 | -12.02 | -2.05 | 11.27 | -12.57 | 3.11 | 10.41 | -45.27 | 5.26 | 8.28 | -49.48 | -1.9 | 3.09 | -42.88 | 8.04 | 1.21 | -39.5 | 0.0 | 0.14 | 16.67 | 7.69 | 29.66 | -28.34 | -1.17 | 165.57 | -7.21 | 7.43 | 108.23 | 59.75 | -2.1 | -8.23 | -125.51 | 22.01 | 7.48 | -12.21 | 6.55 |
| 21Q3 (6) | 1.03 | 68.85 | 63.49 | 30.96 | -3.22 | -8.24 | 12.89 | -2.27 | -7.86 | 19.02 | 54.63 | 44.42 | 16.39 | 60.69 | 46.86 | 5.41 | 79.14 | 70.13 | 2.00 | 62.6 | 57.48 | 0.12 | 9.09 | 9.09 | 41.39 | 15.52 | 12.84 | 178.44 | -3.22 | 15.11 | 67.75 | -36.81 | -36.25 | 32.25 | 547.02 | 613.69 | 8.52 | -3.62 | -2.85 |
| 21Q2 (5) | 0.61 | 8.93 | -11.59 | 31.99 | 7.96 | -9.43 | 13.19 | 15.2 | -17.04 | 12.30 | 15.6 | -17.51 | 10.20 | 15.52 | -15.56 | 3.02 | 13.53 | -8.21 | 1.23 | 6.96 | -10.87 | 0.11 | -8.33 | 0.0 | 35.83 | 9.67 | -2.79 | 184.37 | 29.04 | 3.4 | 107.21 | -0.38 | 0.54 | -7.21 | 5.36 | -9.2 | 8.84 | 5.24 | -2.96 |
| 21Q1 (4) | 0.56 | -3.45 | 0.0 | 29.63 | 6.54 | 0.0 | 11.45 | 4.76 | 0.0 | 10.64 | 7.58 | 0.0 | 8.83 | 4.62 | 0.0 | 2.66 | -6.99 | 0.0 | 1.15 | -4.96 | 0.0 | 0.12 | -7.69 | 0.0 | 32.67 | 8.86 | 0.0 | 142.88 | -7.29 | 0.0 | 107.62 | -2.65 | 0.0 | -7.62 | 27.74 | 0.0 | 8.40 | 19.66 | 0.0 |
| 20Q4 (3) | 0.58 | -7.94 | 0.0 | 27.81 | -17.58 | 0.0 | 10.93 | -21.87 | 0.0 | 9.89 | -24.91 | 0.0 | 8.44 | -24.37 | 0.0 | 2.86 | -10.06 | 0.0 | 1.21 | -4.72 | 0.0 | 0.13 | 18.18 | 0.0 | 30.01 | -18.18 | 0.0 | 154.12 | -0.58 | 0.0 | 110.55 | 4.02 | 0.0 | -10.55 | -68.04 | 0.0 | 7.02 | -19.95 | 0.0 |
| 20Q3 (2) | 0.63 | -8.7 | 0.0 | 33.74 | -4.47 | 0.0 | 13.99 | -12.01 | 0.0 | 13.17 | -11.67 | 0.0 | 11.16 | -7.62 | 0.0 | 3.18 | -3.34 | 0.0 | 1.27 | -7.97 | 0.0 | 0.11 | 0.0 | 0.0 | 36.68 | -0.49 | 0.0 | 155.02 | -13.06 | 0.0 | 106.28 | -0.34 | 0.0 | -6.28 | 4.98 | 0.0 | 8.77 | -3.73 | 0.0 |
| 20Q2 (1) | 0.69 | 0.0 | 0.0 | 35.32 | 0.0 | 0.0 | 15.90 | 0.0 | 0.0 | 14.91 | 0.0 | 0.0 | 12.08 | 0.0 | 0.0 | 3.29 | 0.0 | 0.0 | 1.38 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 36.86 | 0.0 | 0.0 | 178.30 | 0.0 | 0.0 | 106.64 | 0.0 | 0.0 | -6.61 | 0.0 | 0.0 | 9.11 | 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) | 3.56 | 4.09 | 30.88 | 1.05 | 14.82 | -1.2 | 12.59 | 1.24 | 14.82 | 0.47 | 12.37 | 2.66 | 14.11 | -3.02 | 7.17 | 9.8 | 0.55 | 7.84 | 35.61 | 2.18 | 101.84 | -10.99 | 99.99 | -1.67 | 0.00 | 0 | 44.82 | -2.96 | 8.06 | -0.12 |
| 2023 (9) | 3.42 | 15.93 | 30.56 | 0.69 | 15.00 | 5.86 | 12.44 | -6.77 | 14.75 | 9.58 | 12.05 | 10.65 | 14.55 | -2.35 | 6.53 | 10.68 | 0.51 | 0.0 | 34.85 | 0.9 | 114.41 | -31.05 | 101.69 | -3.42 | -1.69 | 0 | 46.18 | 0.29 | 8.07 | 0.12 |
| 2022 (8) | 2.95 | 5.36 | 30.35 | 1.81 | 14.17 | 16.72 | 13.34 | -2.07 | 13.46 | 3.62 | 10.89 | 0.65 | 14.90 | 8.36 | 5.90 | 5.36 | 0.51 | 4.08 | 34.54 | -0.32 | 165.94 | 0.22 | 105.29 | 12.61 | -5.28 | 0 | 46.05 | -3.59 | 8.06 | -2.54 |
| 2021 (7) | 2.80 | 9.37 | 29.81 | -8.61 | 12.14 | -12.54 | 13.63 | -7.0 | 12.99 | 1.33 | 10.82 | 1.88 | 13.75 | 13.08 | 5.60 | -4.27 | 0.49 | -5.77 | 34.65 | 0.35 | 165.57 | 7.43 | 93.50 | -13.66 | 6.50 | 0 | 47.76 | -7.33 | 8.27 | -1.78 |
| 2020 (6) | 2.56 | -4.48 | 32.62 | 2.26 | 13.88 | -2.39 | 14.65 | -8.19 | 12.82 | -2.36 | 10.62 | 1.14 | 12.16 | -0.16 | 5.85 | -17.14 | 0.52 | -18.75 | 34.53 | 0.73 | 154.12 | 71.21 | 108.30 | 0.01 | -8.29 | 0 | 51.54 | 36.84 | 8.42 | 5.91 |
| 2019 (5) | 2.68 | -6.94 | 31.90 | -1.3 | 14.22 | -0.42 | 15.96 | 34.67 | 13.13 | -4.16 | 10.50 | -3.49 | 12.18 | -6.67 | 7.06 | -6.24 | 0.64 | -4.48 | 34.28 | 11.62 | 90.02 | 26.27 | 108.29 | 3.88 | -8.30 | 0 | 37.67 | -10.08 | 7.95 | -8.09 |
| 2018 (4) | 2.88 | -13.51 | 32.32 | -16.79 | 14.28 | -7.51 | 11.85 | 8.73 | 13.70 | -4.2 | 10.88 | -7.72 | 13.05 | -14.54 | 7.53 | -10.99 | 0.67 | -2.9 | 30.71 | 15.41 | 71.29 | -19.34 | 104.25 | -3.48 | -4.25 | 0 | 41.89 | 0 | 8.65 | 7.19 |
| 2017 (3) | 3.33 | -4.86 | 38.84 | -3.96 | 15.44 | -3.08 | 10.90 | 8.86 | 14.30 | -2.19 | 11.79 | -2.48 | 15.27 | -3.42 | 8.46 | -3.09 | 0.69 | -1.43 | 26.61 | 2.62 | 88.38 | 3.77 | 108.00 | -0.88 | -8.01 | 0 | 0.00 | 0 | 8.07 | 7.6 |
| 2016 (2) | 3.50 | -0.57 | 40.44 | 2.17 | 15.93 | 0.7 | 10.01 | 14.07 | 14.62 | 2.02 | 12.09 | 1.94 | 15.81 | 0.19 | 8.73 | -4.38 | 0.70 | -6.67 | 25.93 | 6.18 | 85.17 | -3.64 | 108.96 | -1.34 | -8.96 | 0 | 0.00 | 0 | 7.50 | 3.73 |
| 2015 (1) | 3.52 | 0.0 | 39.58 | 0 | 15.82 | 0 | 8.78 | -4.11 | 14.33 | 0 | 11.86 | 0 | 15.78 | 0 | 9.13 | 0 | 0.75 | -2.6 | 24.42 | -7.54 | 88.39 | 29.62 | 110.44 | 2.6 | -10.44 | 0 | 0.00 | 0 | 7.23 | -0.41 |
