- 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) | 12.45 | 116.9 | 4688.46 | 51.60 | 7.63 | -11.1 | 44.27 | 12.22 | 58.96 | 43.55 | 13.29 | 153.2 | 36.11 | 13.52 | 227.08 | 29.24 | 69.61 | 3697.4 | 8.25 | 108.86 | 2744.83 | 0.22 | 83.33 | 2100.0 | 44.62 | 9.23 | 37.33 | 214.94 | -34.9 | -45.85 | 101.69 | -0.99 | -37.14 | -1.69 | 37.57 | 97.27 | 2.22 | -1.33 | -79.76 |
| 24Q2 (19) | 5.74 | 1694.44 | 4515.38 | 47.94 | -15.18 | -15.11 | 39.45 | 119.07 | 657.2 | 38.44 | 120.22 | 376.55 | 31.81 | 117.06 | 274.49 | 17.24 | 1773.79 | 3548.0 | 3.95 | 3690.91 | 13066.67 | 0.12 | 0 | 1100.0 | 40.85 | 236.17 | 85.01 | 330.16 | -16.55 | -16.75 | 102.70 | -7.08 | 382.43 | -2.70 | 65.77 | -101.98 | 2.25 | -98.32 | -91.86 |
| 24Q1 (18) | -0.36 | -103.61 | 10.0 | 56.52 | -37.16 | 27.99 | -206.82 | -358.17 | -51.94 | -190.13 | -341.43 | 8.22 | -186.47 | -355.19 | -5.98 | -1.03 | -103.62 | 21.97 | -0.11 | -101.63 | 38.89 | 0.00 | -100.0 | 0 | -30.00 | -136.97 | 65.5 | 395.64 | 39.89 | 7.96 | 110.53 | 8.66 | 67.57 | -7.89 | -359.65 | -123.19 | 134.31 | 2184.18 | 21.38 |
| 23Q4 (17) | 9.97 | 3734.62 | 927.84 | 89.94 | 54.96 | 151.86 | 80.11 | 187.65 | 336.57 | 78.75 | 357.85 | 367.64 | 73.07 | 561.87 | 446.11 | 28.44 | 3593.51 | 884.08 | 6.73 | 2220.69 | 710.84 | 0.09 | 800.0 | 80.0 | 81.14 | 149.74 | 301.09 | 282.83 | -28.75 | -5.07 | 101.72 | -37.12 | -7.02 | -1.72 | 97.22 | 81.73 | 5.88 | -46.4 | -18.22 |
| 23Q3 (16) | 0.26 | 300.0 | -94.86 | 58.04 | 2.78 | 81.66 | 27.85 | 434.55 | 9.34 | 17.20 | 223.74 | -30.22 | 11.04 | 160.56 | -44.35 | 0.77 | 254.0 | -95.38 | 0.29 | 866.67 | -92.23 | 0.01 | 0.0 | -94.44 | 32.49 | 47.15 | 25.44 | 396.95 | 0.09 | 31.16 | 161.76 | 544.85 | 56.6 | -61.76 | -145.29 | -1771.47 | 10.97 | -60.31 | 556.89 |
| 23Q2 (15) | -0.13 | 67.5 | -113.0 | 56.47 | 27.88 | 93.13 | 5.21 | 103.83 | -72.15 | -13.90 | 93.29 | -187.92 | -18.23 | 89.64 | -246.9 | -0.50 | 62.12 | -114.62 | 0.03 | 116.67 | -96.34 | 0.01 | 0 | -80.0 | 22.08 | 125.39 | 10.84 | 396.60 | 8.22 | -9.73 | -36.36 | -155.13 | -130.64 | 136.36 | 300.57 | 829.25 | 27.64 | -75.02 | 880.14 |
| 23Q1 (14) | -0.40 | -141.24 | 18.37 | 44.16 | 23.66 | 75.8 | -136.12 | -841.8 | 80.67 | -207.16 | -1330.17 | 79.59 | -175.95 | -1415.02 | 80.46 | -1.32 | -145.67 | 15.92 | -0.18 | -121.69 | 21.74 | 0.00 | -100.0 | 0 | -86.96 | -529.86 | 84.47 | 366.47 | 23.01 | -1.82 | 65.96 | -39.71 | -5.52 | 34.04 | 462.09 | 12.77 | 110.65 | 1438.94 | -78.86 |
| 22Q4 (13) | 0.97 | -80.83 | 423.33 | 35.71 | 11.77 | 7.72 | 18.35 | -27.95 | 177.33 | 16.84 | -31.68 | 152.54 | 13.38 | -32.56 | 171.63 | 2.89 | -82.67 | 401.04 | 0.83 | -77.75 | 854.55 | 0.05 | -72.22 | 400.0 | 20.23 | -21.89 | 221.36 | 297.93 | -1.56 | -15.66 | 109.40 | 5.91 | 47.84 | -9.40 | -184.87 | -136.16 | 7.19 | 330.54 | -71.7 |
| 22Q3 (12) | 5.06 | 406.0 | 456.04 | 31.95 | 9.27 | 5.94 | 25.47 | 36.13 | 37.53 | 24.65 | 55.91 | 41.67 | 19.84 | 59.87 | 32.35 | 16.68 | 387.72 | 489.4 | 3.73 | 354.88 | 366.25 | 0.18 | 260.0 | 260.0 | 25.90 | 30.02 | 22.75 | 302.64 | -31.12 | -8.88 | 103.30 | -12.97 | -3.4 | -3.30 | 82.35 | 52.38 | 1.67 | -40.78 | -58.77 |
| 22Q2 (11) | 1.00 | 304.08 | -72.3 | 29.24 | 16.4 | -13.08 | 18.71 | 102.66 | -27.14 | 15.81 | 101.56 | -36.2 | 12.41 | 101.38 | -48.85 | 3.42 | 317.83 | -70.62 | 0.82 | 456.52 | -72.67 | 0.05 | 0 | -58.33 | 19.92 | 103.56 | -24.52 | 439.37 | 17.71 | 55.92 | 118.70 | 70.03 | 14.47 | -18.70 | -161.94 | -406.32 | 2.82 | -99.46 | 33.65 |
| 22Q1 (10) | -0.49 | -63.33 | -156.32 | 25.12 | -24.22 | -29.91 | -704.04 | -2866.88 | -3026.18 | -1014.79 | -3066.27 | -5116.26 | -900.25 | -4719.33 | -4632.98 | -1.57 | -63.54 | -151.82 | -0.23 | -109.09 | -127.38 | 0.00 | -100.0 | -100.0 | -560.00 | -3259.33 | -2214.01 | 373.26 | 5.67 | 13.78 | 69.81 | -5.66 | -41.25 | 30.19 | 16.11 | 260.38 | 523.53 | 1960.33 | 8728.5 |
| 21Q4 (9) | -0.30 | -132.97 | 45.45 | 33.15 | 9.91 | -16.67 | -23.73 | -228.13 | 11.32 | -32.05 | -284.2 | 28.56 | -18.68 | -224.62 | 59.4 | -0.96 | -133.92 | 50.52 | -0.11 | -113.75 | 62.07 | 0.01 | -80.0 | 0.0 | -16.67 | -179.0 | 12.86 | 353.24 | 6.36 | 6.64 | 74.00 | -30.8 | 21.74 | 26.00 | 475.14 | -36.86 | 25.41 | 527.41 | 2.46 |
| 21Q3 (8) | 0.91 | -74.79 | -49.44 | 30.16 | -10.34 | -0.95 | 18.52 | -27.88 | -18.7 | 17.40 | -29.78 | -14.58 | 14.99 | -38.21 | -26.19 | 2.83 | -75.69 | -56.53 | 0.80 | -73.33 | -53.22 | 0.05 | -58.33 | -37.5 | 21.10 | -20.05 | -11.64 | 332.13 | 17.86 | 6.84 | 106.93 | 3.12 | -4.7 | -6.93 | -87.66 | 40.4 | 4.05 | 91.94 | 52.26 |
| 21Q2 (7) | 3.61 | 314.94 | 1404.17 | 33.64 | -6.14 | 15.84 | 25.68 | 6.73 | 63.67 | 24.78 | 22.49 | 180.32 | 24.26 | 22.16 | 196.94 | 11.64 | 284.16 | 1253.49 | 3.00 | 257.14 | 669.23 | 0.12 | 200.0 | 300.0 | 26.39 | -0.38 | 36.81 | 281.80 | -14.1 | -17.31 | 103.69 | -12.73 | -41.08 | -3.69 | 80.38 | 95.14 | 2.11 | -64.42 | 0 |
| 21Q1 (6) | 0.87 | 258.18 | 123.08 | 35.84 | -9.9 | 28.0 | 24.06 | 189.91 | 40.62 | 20.23 | 145.1 | 75.76 | 19.86 | 143.16 | 106.02 | 3.03 | 256.19 | 119.57 | 0.84 | 389.66 | 47.37 | 0.04 | 300.0 | 0.0 | 26.49 | 238.47 | 39.94 | 328.05 | -0.96 | 20.39 | 118.82 | 95.48 | -20.19 | -18.82 | -145.71 | 61.5 | 5.93 | -76.09 | 11.47 |
| 20Q4 (5) | -0.55 | -130.56 | -125.46 | 39.78 | 30.64 | 39.68 | -26.76 | -217.47 | -236.11 | -44.86 | -320.23 | -353.88 | -46.01 | -326.54 | -400.33 | -1.94 | -129.8 | -124.31 | -0.29 | -116.96 | -112.39 | 0.01 | -87.5 | -92.86 | -19.13 | -180.11 | -194.24 | 331.24 | 6.55 | 29.47 | 60.78 | -45.83 | -45.18 | 41.18 | 454.12 | 464.49 | 24.80 | 832.33 | 0 |
| 20Q3 (4) | 1.80 | 650.0 | 0.0 | 30.45 | 4.86 | 0.0 | 22.78 | 45.19 | 0.0 | 20.37 | 130.43 | 0.0 | 20.31 | 148.59 | 0.0 | 6.51 | 656.98 | 0.0 | 1.71 | 338.46 | 0.0 | 0.08 | 166.67 | 0.0 | 23.88 | 23.79 | 0.0 | 310.88 | -8.78 | 0.0 | 112.21 | -36.24 | 0.0 | -11.63 | 84.7 | 0.0 | 2.66 | 0 | 0.0 |
| 20Q2 (3) | 0.24 | -38.46 | 0.0 | 29.04 | 3.71 | 0.0 | 15.69 | -8.3 | 0.0 | 8.84 | -23.2 | 0.0 | 8.17 | -15.25 | 0.0 | 0.86 | -37.68 | 0.0 | 0.39 | -31.58 | 0.0 | 0.03 | -25.0 | 0.0 | 19.29 | 1.9 | 0.0 | 340.81 | 25.07 | 0.0 | 176.00 | 18.21 | 0.0 | -76.00 | -55.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.39 | -81.94 | 0.0 | 28.00 | -1.69 | 0.0 | 17.11 | -12.97 | 0.0 | 11.51 | -34.86 | 0.0 | 9.64 | -37.08 | 0.0 | 1.38 | -82.71 | 0.0 | 0.57 | -75.64 | 0.0 | 0.04 | -71.43 | 0.0 | 18.93 | -6.75 | 0.0 | 272.49 | 6.5 | 0.0 | 148.89 | 34.28 | 0.0 | -48.89 | -332.76 | 0.0 | 5.32 | 0 | 0.0 |
| 19Q4 (1) | 2.16 | 0.0 | 0.0 | 28.48 | 0.0 | 0.0 | 19.66 | 0.0 | 0.0 | 17.67 | 0.0 | 0.0 | 15.32 | 0.0 | 0.0 | 7.98 | 0.0 | 0.0 | 2.34 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 20.30 | 0.0 | 0.0 | 255.85 | 0.0 | 0.0 | 110.88 | 0.0 | 0.0 | -11.30 | 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) | 9.69 | 48.17 | 83.85 | 161.46 | 67.19 | 206.8 | 1.54 | 152.1 | 62.88 | 212.21 | 57.73 | 260.59 | 26.06 | 30.17 | 7.22 | 37.79 | 0.12 | -58.62 | 70.15 | 205.4 | 282.83 | -5.07 | 106.84 | -1.71 | -6.84 | 0 | 0.09 | -13.41 | 9.00 | 152.1 |
| 2022 (9) | 6.54 | 28.74 | 32.07 | -3.35 | 21.90 | 5.19 | 0.61 | -31.7 | 20.14 | 6.34 | 16.01 | -15.11 | 20.02 | 17.9 | 5.24 | 22.14 | 0.29 | 45.0 | 22.97 | 1.59 | 297.93 | -15.66 | 108.69 | -1.03 | -8.69 | 0 | 0.10 | 4.93 | 3.57 | -22.05 |
| 2021 (8) | 5.08 | 170.21 | 33.18 | 9.58 | 20.82 | 24.52 | 0.89 | -23.4 | 18.94 | 62.16 | 18.86 | 71.3 | 16.98 | 155.34 | 4.29 | 77.27 | 0.20 | 33.33 | 22.61 | 20.2 | 353.24 | 6.64 | 109.82 | -23.17 | -9.82 | 0 | 0.09 | -14.74 | 4.58 | -18.07 |
| 2020 (7) | 1.88 | -23.27 | 30.28 | 8.14 | 16.72 | -3.18 | 1.16 | 42.1 | 11.68 | -13.99 | 11.01 | -2.65 | 6.65 | -24.69 | 2.42 | -30.26 | 0.15 | -37.5 | 18.81 | 0.59 | 331.24 | 29.47 | 142.93 | 12.59 | -42.93 | 0 | 0.11 | -17.78 | 5.59 | 19.19 |
| 2019 (6) | 2.45 | -45.31 | 28.00 | 3.55 | 17.27 | -1.54 | 0.82 | 114.73 | 13.58 | -11.01 | 11.31 | -17.02 | 8.83 | -37.38 | 3.47 | -36.68 | 0.24 | -31.43 | 18.70 | 1.91 | 255.85 | 24.31 | 126.95 | 10.39 | -27.30 | 0 | 0.14 | -16.52 | 4.69 | 36.34 |
| 2018 (5) | 4.48 | 42.22 | 27.04 | 9.78 | 17.54 | 15.39 | 0.38 | -5.55 | 15.26 | 22.77 | 13.63 | 27.15 | 14.10 | 39.6 | 5.48 | 26.56 | 0.35 | 9.37 | 18.35 | 13.9 | 205.82 | 8.4 | 115.00 | -6.03 | -15.00 | 0 | 0.16 | 0 | 3.44 | 13.16 |
| 2017 (4) | 3.15 | 452.63 | 24.63 | 10.4 | 15.20 | 42.06 | 0.40 | 5.59 | 12.43 | 150.6 | 10.72 | 225.84 | 10.10 | 431.58 | 4.33 | 164.02 | 0.32 | 60.0 | 16.11 | 41.32 | 189.87 | -1.97 | 122.38 | -43.18 | -22.38 | 0 | 0.00 | 0 | 3.04 | -13.39 |
| 2016 (3) | 0.57 | 0 | 22.31 | -24.12 | 10.70 | 293.38 | 0.38 | -82.85 | 4.96 | 0 | 3.29 | 0 | 1.90 | 0 | 1.64 | 0 | 0.20 | 400.0 | 11.40 | 13.55 | 193.69 | 0.74 | 215.38 | 0 | -115.38 | 0 | 0.00 | 0 | 3.51 | -72.21 |
| 2015 (2) | -0.55 | 0 | 29.40 | -0.44 | 2.72 | -86.99 | 2.23 | 487.73 | -8.56 | 0 | -14.17 | 0 | -1.65 | 0 | -0.03 | 0 | 0.04 | -86.67 | 10.04 | -53.99 | 192.26 | 29.16 | -30.43 | 0 | 130.43 | 0 | 0.00 | 0 | 12.63 | 369.52 |
| 2014 (1) | 5.35 | 0 | 29.53 | 0 | 20.91 | 0 | 0.38 | -91.18 | 20.89 | 0 | 20.30 | 0 | 14.55 | 0 | 6.13 | 0 | 0.30 | 900.0 | 21.82 | 0 | 148.85 | 10.05 | 100.30 | -44.83 | 0.00 | 0 | 0.00 | 0 | 2.69 | -86.49 |
