- 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) | -0.71 | -543.75 | -384.0 | -10.14 | -196.94 | -172.38 | -20.33 | -1455.33 | -577.23 | -20.73 | -843.01 | -471.51 | -16.81 | -654.79 | -472.73 | -4.38 | -576.09 | -393.96 | -2.28 | -467.74 | -345.16 | 0.14 | -17.65 | -26.32 | -11.36 | -205.87 | -195.86 | 87.02 | 9.45 | 24.23 | 98.12 | 83.44 | 28.99 | 1.88 | -95.95 | -91.95 | 10.75 | 23.42 | 24.42 |
| 24Q2 (19) | 0.16 | 420.0 | 0 | 10.46 | 76.09 | 27.41 | 1.50 | 143.6 | 1263.64 | 2.79 | 234.78 | 173.53 | 3.03 | 307.53 | 405.0 | 0.92 | 324.39 | 360.0 | 0.62 | 542.86 | 210.0 | 0.17 | 6.25 | -10.53 | 10.73 | 72.23 | 49.24 | 79.51 | 1.18 | 5.09 | 53.49 | -67.91 | 354.65 | 46.51 | 169.77 | -48.99 | 8.71 | -6.94 | 17.39 |
| 24Q1 (18) | -0.05 | 28.57 | -112.5 | 5.94 | -17.27 | -67.91 | -3.44 | -71.14 | -134.43 | -2.07 | 42.18 | -121.77 | -1.46 | -44.55 | -121.73 | -0.41 | -28.12 | -116.4 | -0.14 | -55.56 | -108.92 | 0.16 | -11.11 | -27.27 | 6.23 | 75.99 | -57.5 | 78.58 | 6.84 | 19.06 | 166.67 | 194.87 | 58.73 | -66.67 | -253.33 | -1233.33 | 9.36 | 10.25 | 11.43 |
| 23Q4 (17) | -0.07 | -128.0 | 22.22 | 7.18 | -48.75 | -3.75 | -2.01 | -147.18 | 4.29 | -3.58 | -164.16 | -51.05 | -1.01 | -122.39 | 5.61 | -0.32 | -121.48 | 13.51 | -0.09 | -109.68 | 43.75 | 0.18 | -5.26 | -14.29 | 3.54 | -70.13 | 7.93 | 73.55 | 5.0 | 11.19 | 56.52 | -25.69 | -36.6 | 43.48 | 85.77 | 260.87 | 8.49 | -1.74 | -1.05 |
| 23Q3 (16) | 0.25 | 0 | 121.37 | 14.01 | 70.65 | 195.63 | 4.26 | 3772.73 | 117.44 | 5.58 | 447.06 | 125.04 | 4.51 | 651.67 | 125.22 | 1.49 | 645.0 | 121.56 | 0.93 | 365.0 | 122.04 | 0.19 | 0.0 | -20.83 | 11.85 | 64.81 | 167.25 | 70.05 | -7.41 | 7.32 | 76.06 | 546.54 | -30.58 | 23.40 | -74.33 | 341.66 | 8.64 | 16.44 | 32.92 |
| 23Q2 (15) | 0.00 | -100.0 | 100.0 | 8.21 | -55.65 | 59.42 | 0.11 | -98.9 | 102.96 | 1.02 | -89.27 | 144.74 | 0.60 | -91.07 | 133.52 | 0.20 | -92.0 | 126.67 | 0.20 | -87.26 | 140.82 | 0.19 | -13.64 | -32.14 | 7.19 | -50.95 | 402.8 | 75.66 | 14.64 | 27.87 | 11.76 | -88.8 | -92.81 | 91.18 | 1923.53 | 245.35 | 7.42 | -11.67 | 32.5 |
| 23Q1 (14) | 0.40 | 544.44 | -48.72 | 18.51 | 148.12 | 30.81 | 9.99 | 575.71 | 119.08 | 9.51 | 501.27 | -10.54 | 6.72 | 728.04 | -28.51 | 2.50 | 775.68 | -39.47 | 1.57 | 1081.25 | -46.42 | 0.22 | 4.76 | -29.03 | 14.66 | 346.95 | 4.71 | 66.00 | -0.23 | 67.94 | 105.00 | 17.77 | 144.71 | -5.00 | -141.5 | -108.76 | 8.40 | -2.1 | 58.19 |
| 22Q4 (13) | -0.09 | 92.31 | -108.74 | 7.46 | 150.92 | -68.27 | -2.10 | 91.4 | -113.73 | -2.37 | 89.36 | -114.88 | -1.07 | 94.02 | -108.69 | -0.37 | 94.65 | -106.76 | -0.16 | 96.21 | -104.32 | 0.21 | -12.5 | -30.0 | 3.28 | 118.62 | -83.12 | 66.15 | 1.35 | 52.31 | 89.16 | -18.63 | -7.09 | 12.05 | 224.4 | 197.92 | 8.58 | 32.0 | 27.87 |
| 22Q3 (12) | -1.17 | -680.0 | -237.65 | -14.65 | -384.47 | -177.15 | -24.43 | -558.49 | -326.62 | -22.28 | -877.19 | -294.93 | -17.88 | -898.88 | -290.62 | -6.91 | -821.33 | -246.09 | -4.22 | -761.22 | -233.97 | 0.24 | -14.29 | -27.27 | -17.62 | -1332.17 | -220.77 | 65.27 | 10.31 | 22.69 | 109.57 | -33.04 | 16.17 | -9.68 | 84.56 | -270.56 | 6.50 | 16.07 | 6.73 |
| 22Q2 (11) | -0.15 | -119.23 | -115.96 | 5.15 | -63.6 | -80.13 | -3.71 | -181.36 | -120.41 | -2.28 | -121.45 | -113.89 | -1.79 | -119.04 | -113.8 | -0.75 | -118.16 | -113.89 | -0.49 | -116.72 | -112.79 | 0.28 | -9.68 | -6.67 | 1.43 | -89.79 | -92.96 | 59.17 | 50.56 | 23.58 | 163.64 | 281.37 | 47.71 | -62.73 | -209.87 | -481.58 | 5.60 | 5.46 | -24.73 |
| 22Q1 (10) | 0.78 | -24.27 | -47.65 | 14.15 | -39.81 | -55.89 | 4.56 | -70.18 | -79.44 | 10.63 | -33.27 | -52.16 | 9.40 | -23.7 | -47.22 | 4.13 | -24.5 | -49.88 | 2.93 | -20.81 | -52.12 | 0.31 | 3.33 | -8.82 | 14.00 | -27.95 | -45.76 | 39.30 | -9.51 | 13.32 | 42.91 | -55.28 | -57.01 | 57.09 | 1311.73 | 31471.99 | 5.31 | -20.86 | -28.63 |
| 21Q4 (9) | 1.03 | 21.18 | -44.02 | 23.51 | 23.8 | -39.16 | 15.29 | 41.84 | -48.67 | 15.93 | 39.37 | -46.24 | 12.32 | 31.34 | -49.45 | 5.47 | 15.64 | -52.43 | 3.70 | 17.46 | -55.79 | 0.30 | -9.09 | -11.76 | 19.43 | 33.17 | -42.05 | 43.43 | -18.36 | 24.66 | 95.96 | 1.73 | -4.54 | 4.04 | -28.78 | 886.29 | 6.71 | 10.18 | -16.54 |
| 21Q3 (8) | 0.85 | -9.57 | 30.77 | 18.99 | -26.74 | -17.51 | 10.78 | -40.7 | -23.27 | 11.43 | -30.35 | -18.24 | 9.38 | -27.68 | -21.18 | 4.73 | -12.41 | 8.99 | 3.15 | -17.75 | 2.61 | 0.33 | 10.0 | 26.92 | 14.59 | -28.13 | -24.68 | 53.20 | 11.11 | 30.78 | 94.32 | -14.86 | -6.09 | 5.68 | 152.65 | 963.09 | 6.09 | -18.15 | -41.61 |
| 21Q2 (7) | 0.94 | -36.91 | 1040.0 | 25.92 | -19.2 | 421.53 | 18.18 | -18.03 | 510.38 | 16.41 | -26.15 | 481.63 | 12.97 | -27.18 | 558.3 | 5.40 | -34.47 | 829.73 | 3.83 | -37.42 | 850.98 | 0.30 | -11.76 | 66.67 | 20.30 | -21.35 | 526.54 | 47.88 | 38.06 | 11.32 | 110.79 | 10.99 | 7.49 | -10.79 | -6064.45 | -252.33 | 7.44 | 0.0 | 0 |
| 21Q1 (6) | 1.49 | -19.02 | 152.54 | 32.08 | -16.98 | 59.92 | 22.18 | -25.55 | 88.29 | 22.22 | -25.01 | 79.19 | 17.81 | -26.92 | 83.42 | 8.24 | -28.35 | 110.2 | 6.12 | -26.88 | 117.79 | 0.34 | 0.0 | 17.24 | 25.81 | -23.02 | 49.45 | 34.68 | -0.46 | -11.37 | 99.82 | -0.69 | 5.01 | 0.18 | 135.16 | -96.34 | 7.44 | -7.46 | -19.57 |
| 20Q4 (5) | 1.84 | 183.08 | 308.89 | 38.64 | 67.85 | 123.48 | 29.79 | 112.03 | 231.37 | 29.63 | 111.95 | 229.96 | 24.37 | 104.79 | 233.38 | 11.50 | 164.98 | 263.92 | 8.37 | 172.64 | 277.03 | 0.34 | 30.77 | 13.33 | 33.53 | 73.1 | 150.41 | 34.84 | -14.36 | -16.11 | 100.51 | 0.08 | 0.21 | -0.51 | 21.82 | -71.27 | 8.04 | -22.91 | 0 |
| 20Q3 (4) | 0.65 | 750.0 | 0.0 | 23.02 | 363.18 | 0.0 | 14.05 | 417.16 | 0.0 | 13.98 | 425.12 | 0.0 | 11.90 | 520.49 | 0.0 | 4.34 | 686.49 | 0.0 | 3.07 | 701.96 | 0.0 | 0.26 | 44.44 | 0.0 | 19.37 | 497.84 | 0.0 | 40.68 | -5.42 | 0.0 | 100.44 | -2.54 | 0.0 | -0.66 | 78.51 | 0.0 | 10.43 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | -116.95 | 0.0 | 4.97 | -75.22 | 0.0 | -4.43 | -137.61 | 0.0 | -4.30 | -134.68 | 0.0 | -2.83 | -129.15 | 0.0 | -0.74 | -118.88 | 0.0 | -0.51 | -118.15 | 0.0 | 0.18 | -37.93 | 0.0 | 3.24 | -81.24 | 0.0 | 43.01 | 9.92 | 0.0 | 103.06 | 8.42 | 0.0 | -3.06 | -161.92 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.59 | 31.11 | 0.0 | 20.06 | 16.02 | 0.0 | 11.78 | 31.03 | 0.0 | 12.40 | 38.08 | 0.0 | 9.71 | 32.83 | 0.0 | 3.92 | 24.05 | 0.0 | 2.81 | 26.58 | 0.0 | 0.29 | -3.33 | 0.0 | 17.27 | 28.98 | 0.0 | 39.13 | -5.78 | 0.0 | 95.06 | -5.23 | 0.0 | 4.94 | 1746.29 | 0.0 | 9.25 | 0 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 17.29 | 0.0 | 0.0 | 8.99 | 0.0 | 0.0 | 8.98 | 0.0 | 0.0 | 7.31 | 0.0 | 0.0 | 3.16 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 13.39 | 0.0 | 0.0 | 41.53 | 0.0 | 0.0 | 100.30 | 0.0 | 0.0 | -0.30 | 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) | 0.59 | 0 | 12.23 | 218.49 | 3.35 | 0 | 5.47 | 38.46 | 3.40 | 0 | 2.87 | 0 | 3.88 | 0 | 2.61 | 0 | 0.80 | -23.81 | 9.54 | 645.31 | 73.55 | 11.19 | 98.50 | -48.25 | 1.50 | 0 | 0.00 | 0 | 8.24 | 30.59 |
| 2022 (9) | -0.64 | 0 | 3.84 | -84.6 | -5.58 | 0 | 3.95 | 17.35 | -2.93 | 0 | -1.91 | 0 | -3.09 | 0 | -1.88 | 0 | 1.05 | -19.85 | 1.28 | -93.55 | 66.15 | 52.31 | 190.33 | 89.76 | -90.33 | 0 | 0.00 | 0 | 6.31 | -8.28 |
| 2021 (8) | 4.25 | 44.07 | 24.93 | 1.92 | 16.40 | 5.06 | 3.37 | -29.29 | 16.35 | 3.68 | 13.01 | -0.31 | 23.77 | 26.17 | 17.08 | 24.58 | 1.31 | 24.76 | 19.86 | -4.89 | 43.43 | 24.66 | 100.30 | 1.28 | -0.30 | 0 | 0.00 | 0 | 6.88 | -27.04 |
| 2020 (7) | 2.95 | 141.8 | 24.46 | 87.72 | 15.61 | 204.88 | 4.76 | 19.0 | 15.77 | 179.12 | 13.05 | 182.47 | 18.84 | 137.88 | 13.71 | 148.82 | 1.05 | -11.02 | 20.88 | 109.85 | 34.84 | -16.11 | 99.03 | 9.27 | 0.97 | -89.65 | 0.00 | 0 | 9.43 | 18.32 |
| 2019 (6) | 1.22 | -51.59 | 13.03 | -26.76 | 5.12 | -50.53 | 4.00 | 20.88 | 5.65 | -48.12 | 4.62 | -48.26 | 7.92 | -50.06 | 5.51 | -47.42 | 1.18 | 0.85 | 9.95 | -31.0 | 41.53 | -17.07 | 90.63 | -4.7 | 9.37 | 91.29 | 0.00 | 0 | 7.97 | -3.74 |
| 2018 (5) | 2.52 | -2.33 | 17.79 | -5.82 | 10.35 | -7.84 | 3.31 | 12.93 | 10.89 | -0.91 | 8.93 | -1.98 | 15.86 | -5.65 | 10.48 | 0.67 | 1.17 | 3.54 | 14.42 | 1.69 | 50.08 | -8.18 | 95.10 | -6.91 | 4.90 | 0 | 0.02 | 0 | 8.28 | -4.28 |
| 2017 (4) | 2.58 | -14.57 | 18.89 | -9.05 | 11.23 | -15.18 | 2.93 | 8.64 | 10.99 | -13.6 | 9.11 | -16.42 | 16.81 | -19.65 | 10.41 | -13.18 | 1.13 | 2.73 | 14.18 | -10.25 | 54.54 | -23.83 | 102.17 | -1.81 | -2.17 | 0 | 0.00 | 0 | 8.65 | -3.03 |
| 2016 (3) | 3.02 | 84.15 | 20.77 | 47.51 | 13.24 | 100.0 | 2.70 | -2.73 | 12.72 | 84.35 | 10.90 | 85.69 | 20.92 | 59.33 | 11.99 | 63.57 | 1.10 | -5.98 | 15.80 | 58.48 | 71.60 | -13.06 | 104.05 | 8.48 | -4.05 | 0 | 0.00 | 0 | 8.92 | 8.91 |
| 2015 (2) | 1.64 | 556.0 | 14.08 | 80.28 | 6.62 | 903.03 | 2.77 | 10.97 | 6.90 | 550.94 | 5.87 | 598.81 | 13.13 | 447.08 | 7.33 | 382.24 | 1.17 | -7.87 | 9.97 | 160.99 | 82.36 | -5.37 | 95.92 | 53.87 | 4.08 | -89.16 | 0.00 | 0 | 8.19 | 8.91 |
| 2014 (1) | 0.25 | -85.03 | 7.81 | 0 | 0.66 | 0 | 2.50 | 3.13 | 1.06 | 0 | 0.84 | 0 | 2.40 | 0 | 1.52 | 0 | 1.27 | 1.6 | 3.82 | -60.74 | 87.03 | 6.1 | 62.34 | -31.29 | 37.66 | 306.19 | 0.00 | 0 | 7.52 | -4.81 |
