- 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) | 0.55 | 30.95 | 52.78 | 20.28 | 5.41 | 27.71 | 8.07 | 20.99 | 159.49 | 10.87 | 17.51 | 105.48 | 9.03 | 13.73 | 70.7 | 2.13 | 29.88 | 45.89 | 1.87 | 28.97 | 46.09 | 0.21 | 16.67 | -8.7 | 12.10 | 13.72 | 79.79 | 15.54 | 21.41 | -9.39 | 74.30 | 2.55 | 26.24 | 25.70 | -8.12 | -37.54 | 6.97 | -5.17 | 16.17 |
| 24Q2 (19) | 0.42 | 31.25 | 153.16 | 19.24 | 34.17 | 58.35 | 6.67 | 66.75 | 182.55 | 9.25 | 41.01 | 240.15 | 7.94 | 40.53 | 154.5 | 1.64 | 28.12 | 152.56 | 1.45 | 28.32 | 156.64 | 0.18 | -10.0 | 0.0 | 10.64 | 35.2 | 305.41 | 12.80 | -5.04 | -45.06 | 72.46 | 19.23 | -40.87 | 27.97 | -28.71 | 224.05 | 7.35 | 11.7 | 3.23 |
| 24Q1 (18) | 0.32 | -20.0 | 328.57 | 14.34 | -8.43 | 30.6 | 4.00 | -31.15 | 198.52 | 6.56 | -8.89 | 348.48 | 5.65 | -23.75 | 314.02 | 1.28 | -21.95 | 328.57 | 1.13 | -20.42 | 375.61 | 0.20 | 5.26 | 17.65 | 7.87 | -9.54 | 822.02 | 13.48 | 2.12 | -29.5 | 60.77 | -24.63 | -60.61 | 39.23 | 102.49 | 172.26 | 6.58 | -12.38 | -8.86 |
| 23Q4 (17) | 0.40 | 11.11 | -96.45 | 15.66 | -1.39 | 105.78 | 5.81 | 86.82 | 128.99 | 7.20 | 36.11 | -96.72 | 7.41 | 40.08 | -96.46 | 1.64 | 12.33 | -97.09 | 1.42 | 10.94 | -96.46 | 0.19 | -17.39 | 0.0 | 8.70 | 29.27 | -96.07 | 13.20 | -23.03 | -59.41 | 80.63 | 36.99 | 984.3 | 19.37 | -52.92 | -82.25 | 7.51 | 25.17 | -66.73 |
| 23Q3 (16) | 0.36 | 145.57 | 12.5 | 15.88 | 30.7 | 9.52 | 3.11 | 138.49 | 658.54 | 5.29 | 180.15 | 4.55 | 5.29 | 136.31 | 5.8 | 1.46 | 146.79 | -36.24 | 1.28 | 150.0 | -17.42 | 0.23 | 27.78 | -23.33 | 6.73 | 229.92 | 9.25 | 17.15 | -26.39 | -68.7 | 58.86 | -51.97 | 619.87 | 41.14 | 282.51 | -55.19 | 6.00 | -15.73 | -22.98 |
| 23Q2 (15) | -0.79 | -464.29 | -392.59 | 12.15 | 10.66 | -15.86 | -8.08 | -99.01 | -1050.59 | -6.60 | -150.0 | -231.47 | -14.57 | -451.89 | -400.41 | -3.12 | -457.14 | -257.58 | -2.56 | -524.39 | -296.92 | 0.18 | 5.88 | -30.77 | -5.18 | -375.23 | -183.95 | 23.30 | 21.86 | -54.16 | 122.54 | -20.57 | 635.26 | -22.54 | 58.47 | -127.29 | 7.12 | -1.39 | -3.0 |
| 23Q1 (14) | -0.14 | -101.24 | -148.28 | 10.98 | 44.28 | -28.61 | -4.06 | 79.74 | -208.56 | -2.64 | -101.2 | -143.35 | -2.64 | -101.26 | -148.53 | -0.56 | -101.0 | -127.32 | -0.41 | -101.02 | -130.6 | 0.17 | -10.53 | -29.17 | -1.09 | -100.49 | -114.93 | 19.12 | -41.21 | -69.98 | 154.29 | 1792.15 | 152.32 | -54.29 | -149.75 | -242.05 | 7.22 | -68.01 | -9.3 |
| 22Q4 (13) | 11.28 | 3425.0 | 3538.71 | 7.61 | -47.52 | -47.77 | -20.04 | -4987.8 | -1258.38 | 219.84 | 4244.66 | 3220.85 | 209.56 | 4091.2 | 3451.86 | 56.28 | 2357.64 | 2505.56 | 40.12 | 2488.39 | 2629.25 | 0.19 | -36.67 | -24.0 | 221.27 | 3492.05 | 2747.75 | 32.52 | -40.65 | -37.67 | -9.12 | -211.52 | -134.61 | 109.12 | 18.83 | 48.15 | 22.57 | 189.73 | 192.74 |
| 22Q3 (12) | 0.32 | 18.52 | 10.34 | 14.50 | 0.42 | -6.75 | 0.41 | -51.76 | -81.61 | 5.06 | 0.8 | -5.24 | 5.00 | 3.09 | -3.47 | 2.29 | 15.66 | 13.93 | 1.55 | 19.23 | 9.93 | 0.30 | 15.38 | 11.11 | 6.16 | -0.16 | -4.5 | 54.79 | 7.79 | 22.96 | 8.18 | -50.94 | -80.3 | 91.82 | 11.16 | 56.95 | 7.79 | 6.13 | 4.14 |
| 22Q2 (11) | 0.27 | -6.9 | -3.57 | 14.44 | -6.11 | -6.11 | 0.85 | -77.27 | -26.72 | 5.02 | -17.57 | -11.62 | 4.85 | -10.85 | -13.85 | 1.98 | -3.41 | 5.88 | 1.30 | -2.99 | -6.47 | 0.26 | 8.33 | 8.33 | 6.17 | -15.48 | -11.22 | 50.83 | -20.19 | 13.46 | 16.67 | -72.74 | -18.45 | 82.61 | 116.16 | 3.83 | 7.34 | -7.79 | -5.53 |
| 22Q1 (10) | 0.29 | -6.45 | -14.71 | 15.38 | 5.56 | -5.93 | 3.74 | 116.18 | 10.32 | 6.09 | -8.01 | -25.46 | 5.44 | -7.8 | -25.58 | 2.05 | -5.09 | -11.64 | 1.34 | -8.84 | -25.56 | 0.24 | -4.0 | 0.0 | 7.30 | -6.05 | -21.84 | 63.69 | 22.08 | 119.17 | 61.15 | 132.08 | 46.91 | 38.22 | -48.11 | -34.54 | 7.96 | 3.24 | -7.23 |
| 21Q4 (9) | 0.31 | 6.9 | -3.13 | 14.57 | -6.3 | -12.33 | 1.73 | -22.42 | 652.17 | 6.62 | 23.97 | -13.58 | 5.90 | 13.9 | -22.47 | 2.16 | 7.46 | -3.14 | 1.47 | 4.26 | -14.04 | 0.25 | -7.41 | 13.64 | 7.77 | 20.47 | -13.38 | 52.17 | 17.08 | 66.09 | 26.35 | -36.51 | 722.04 | 73.65 | 25.89 | -23.91 | 7.71 | 3.07 | -12.59 |
| 21Q3 (8) | 0.29 | 3.57 | -58.57 | 15.55 | 1.11 | -31.86 | 2.23 | 92.24 | -67.35 | 5.34 | -5.99 | -63.8 | 5.18 | -7.99 | -61.94 | 2.01 | 7.49 | -60.67 | 1.41 | 1.44 | -62.8 | 0.27 | 12.5 | -3.57 | 6.45 | -7.19 | -59.64 | 44.56 | -0.54 | 36.52 | 41.50 | 103.04 | -10.49 | 58.50 | -26.47 | 9.07 | 7.48 | -3.73 | -16.89 |
| 21Q2 (7) | 0.28 | -17.65 | -40.43 | 15.38 | -5.93 | -23.52 | 1.16 | -65.78 | -64.53 | 5.68 | -30.48 | -52.94 | 5.63 | -22.98 | -51.42 | 1.87 | -19.4 | -45.48 | 1.39 | -22.78 | -46.33 | 0.24 | 0.0 | 9.09 | 6.95 | -25.59 | -47.74 | 44.80 | 54.16 | 12.65 | 20.44 | -50.9 | -24.32 | 79.56 | 36.29 | 9.0 | 7.77 | -9.44 | -24.27 |
| 21Q1 (6) | 0.34 | 6.25 | 30.77 | 16.35 | -1.62 | -9.67 | 3.39 | 1373.91 | -17.72 | 8.17 | 6.66 | 5.83 | 7.31 | -3.94 | 6.1 | 2.32 | 4.04 | 22.11 | 1.80 | 5.26 | 22.45 | 0.24 | 9.09 | 14.29 | 9.34 | 4.12 | 0.97 | 29.06 | -7.48 | 4.23 | 41.62 | 1198.59 | -22.23 | 58.38 | -39.69 | 25.6 | 8.58 | -2.72 | -1.94 |
| 20Q4 (5) | 0.32 | -54.29 | 113.33 | 16.62 | -27.17 | 7.57 | 0.23 | -96.63 | 116.91 | 7.66 | -48.07 | 87.29 | 7.61 | -44.09 | 96.64 | 2.23 | -56.36 | 97.35 | 1.71 | -54.88 | 106.02 | 0.22 | -21.43 | 4.76 | 8.97 | -43.87 | 59.61 | 31.41 | -3.77 | -20.94 | 3.21 | -93.09 | 109.74 | 96.79 | 80.46 | -27.17 | 8.82 | -2.0 | -11.8 |
| 20Q3 (4) | 0.70 | 48.94 | 0.0 | 22.82 | 13.48 | 0.0 | 6.83 | 108.87 | 0.0 | 14.75 | 22.2 | 0.0 | 13.61 | 17.43 | 0.0 | 5.11 | 48.98 | 0.0 | 3.79 | 46.33 | 0.0 | 0.28 | 27.27 | 0.0 | 15.98 | 20.15 | 0.0 | 32.64 | -17.93 | 0.0 | 46.36 | 71.68 | 0.0 | 53.64 | -26.52 | 0.0 | 9.00 | -12.28 | 0.0 |
| 20Q2 (3) | 0.47 | 80.77 | 0.0 | 20.11 | 11.1 | 0.0 | 3.27 | -20.63 | 0.0 | 12.07 | 56.35 | 0.0 | 11.59 | 68.21 | 0.0 | 3.43 | 80.53 | 0.0 | 2.59 | 76.19 | 0.0 | 0.22 | 4.76 | 0.0 | 13.30 | 43.78 | 0.0 | 39.77 | 42.65 | 0.0 | 27.00 | -49.54 | 0.0 | 73.00 | 57.05 | 0.0 | 10.26 | 17.26 | 0.0 |
| 20Q1 (2) | 0.26 | 73.33 | 0.0 | 18.10 | 17.15 | 0.0 | 4.12 | 402.94 | 0.0 | 7.72 | 88.75 | 0.0 | 6.89 | 78.04 | 0.0 | 1.90 | 68.14 | 0.0 | 1.47 | 77.11 | 0.0 | 0.21 | 0.0 | 0.0 | 9.25 | 64.59 | 0.0 | 27.88 | -29.83 | 0.0 | 53.52 | 262.62 | 0.0 | 46.48 | -65.03 | 0.0 | 8.75 | -12.5 | 0.0 |
| 19Q4 (1) | 0.15 | 0.0 | 0.0 | 15.45 | 0.0 | 0.0 | -1.36 | 0.0 | 0.0 | 4.09 | 0.0 | 0.0 | 3.87 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 5.62 | 0.0 | 0.0 | 39.73 | 0.0 | 0.0 | -32.91 | 0.0 | 0.0 | 132.91 | 0.0 | 0.0 | 10.00 | 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) | -0.17 | 0 | 13.80 | 5.67 | -0.56 | 0 | 1.28 | 33.93 | 1.09 | -98.06 | -0.72 | 0 | -0.65 | 0 | -0.42 | 0 | 0.74 | -8.64 | 2.57 | -95.52 | 13.20 | -59.41 | -51.22 | 0 | 150.41 | 41.46 | 0.00 | 0 | 6.91 | -38.41 |
| 2022 (9) | 12.17 | 897.54 | 13.06 | -15.41 | -3.54 | 0 | 0.96 | -6.63 | 56.11 | 778.09 | 53.47 | 798.66 | 60.52 | 617.06 | 43.53 | 619.5 | 0.81 | -19.0 | 57.32 | 658.2 | 32.52 | -37.67 | -6.31 | 0 | 106.33 | 58.74 | 0.01 | -68.06 | 11.22 | 42.75 |
| 2021 (8) | 1.22 | -30.29 | 15.44 | -21.34 | 2.11 | -44.33 | 1.03 | -8.83 | 6.39 | -41.05 | 5.95 | -41.61 | 8.44 | -32.43 | 6.05 | -35.29 | 1.00 | 11.11 | 7.56 | -37.88 | 52.17 | 66.09 | 32.86 | -6.08 | 66.98 | 2.86 | 0.02 | -56.57 | 7.86 | -14.57 |
| 2020 (7) | 1.75 | 45.83 | 19.63 | 7.98 | 3.79 | 89.5 | 1.12 | 1.13 | 10.84 | 39.51 | 10.19 | 39.97 | 12.49 | 39.55 | 9.35 | 41.03 | 0.90 | 1.12 | 12.17 | 32.72 | 31.41 | -20.94 | 34.99 | 36.02 | 65.12 | -12.14 | 0.04 | -42.93 | 9.20 | 1.55 |
| 2019 (6) | 1.20 | 22.45 | 18.18 | 0.22 | 2.00 | 75.44 | 1.11 | -0.12 | 7.77 | 24.92 | 7.28 | 23.81 | 8.95 | -1.54 | 6.63 | 9.23 | 0.89 | -8.25 | 9.17 | 14.05 | 39.73 | 5.81 | 25.72 | 40.34 | 74.12 | -9.25 | 0.08 | -39.27 | 9.06 | 9.69 |
| 2018 (5) | 0.98 | 5.38 | 18.14 | 4.67 | 1.14 | 0 | 1.11 | -10.89 | 6.22 | 38.84 | 5.88 | 42.37 | 9.09 | 4.6 | 6.07 | 28.87 | 0.97 | -3.0 | 8.04 | 20.18 | 37.55 | -60.79 | 18.33 | 0 | 81.67 | -26.26 | 0.12 | -62.62 | 8.26 | -5.06 |
| 2017 (4) | 0.93 | 158.33 | 17.33 | -1.48 | -0.47 | 0 | 1.25 | -9.5 | 4.48 | 144.81 | 4.13 | 175.33 | 8.69 | 146.18 | 4.71 | 118.06 | 1.00 | -3.85 | 6.69 | 61.99 | 95.76 | -24.46 | -10.47 | 0 | 110.76 | 0 | 0.33 | 0 | 8.70 | 3.57 |
| 2016 (3) | 0.36 | 0.0 | 17.59 | 7.85 | 1.85 | 0 | 1.38 | -19.77 | 1.83 | 40.77 | 1.50 | -3.23 | 3.53 | -3.55 | 2.16 | -8.86 | 1.04 | 0.97 | 4.13 | 0.0 | 126.77 | -0.65 | 101.35 | 0 | -1.35 | 0 | 0.00 | 0 | 8.40 | -4.65 |
| 2015 (2) | 0.36 | 71.43 | 16.31 | 7.73 | -1.28 | 0 | 1.72 | 8.33 | 1.30 | 52.94 | 1.55 | 98.72 | 3.66 | 74.29 | 2.37 | 43.64 | 1.03 | -11.21 | 4.13 | 21.11 | 127.60 | -3.15 | -99.04 | 0 | 199.04 | -13.41 | 0.00 | 0 | 8.81 | 2.68 |
| 2014 (1) | 0.21 | 0 | 15.14 | 0 | -1.11 | 0 | 1.59 | -2.84 | 0.85 | 0 | 0.78 | 0 | 2.10 | 0 | 1.65 | 0 | 1.16 | 3.57 | 3.41 | 168.5 | 131.75 | -2.98 | -129.87 | 0 | 229.87 | 0 | 0.00 | 0 | 8.58 | 11.0 |
