- 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) | 0.45 | -88.22 | -95.11 | 39.26 | -17.57 | 15.61 | 26.66 | -30.61 | -10.27 | 26.57 | -31.57 | -9.19 | 22.38 | -31.68 | -8.58 | 3.03 | -76.35 | -92.64 | 0.99 | -73.53 | -88.41 | 0.04 | -63.64 | -88.24 | 29.29 | -26.0 | -1.97 | 233.86 | 6.16 | -18.01 | 100.38 | 1.42 | -1.14 | -0.38 | -136.99 | 75.2 | 3.73 | 116.86 | 511.48 |
| 24Q2 (19) | 3.82 | 409.33 | 27.33 | 47.63 | 2.43 | -1.1 | 38.42 | 14.72 | -1.31 | 38.83 | 15.43 | 0.88 | 32.76 | 30.78 | 7.83 | 12.81 | 392.69 | -30.87 | 3.74 | 367.5 | 36.0 | 0.11 | 266.67 | 22.22 | 39.58 | 7.55 | -1.52 | 220.29 | -20.23 | -60.03 | 98.97 | -0.59 | -2.17 | 1.03 | 132.82 | 188.19 | 1.72 | -62.53 | 12.42 |
| 24Q1 (18) | 0.75 | -74.83 | -60.32 | 46.50 | 47.95 | -0.09 | 33.49 | 29.91 | -7.08 | 33.64 | 29.29 | -3.44 | 25.05 | 15.86 | -10.15 | 2.60 | -75.17 | -80.77 | 0.80 | -73.77 | -55.8 | 0.03 | -78.57 | -50.0 | 36.80 | 37.93 | -0.16 | 276.16 | 28.54 | -57.94 | 99.56 | 0.49 | -3.78 | 0.44 | -52.38 | 112.74 | 4.59 | 245.11 | 92.05 |
| 23Q4 (17) | 2.98 | -67.61 | 508.16 | 31.43 | -7.45 | -15.58 | 25.78 | -13.23 | 33.37 | 26.02 | -11.07 | 51.37 | 21.62 | -11.68 | 52.47 | 10.47 | -74.57 | 181.45 | 3.05 | -64.29 | 464.81 | 0.14 | -58.82 | 366.67 | 26.68 | -10.71 | 26.21 | 214.85 | -24.68 | -69.76 | 99.07 | -2.42 | -11.86 | 0.93 | 160.48 | 107.47 | 1.33 | 118.03 | -74.57 |
| 23Q3 (16) | 9.20 | 206.67 | 4100.0 | 33.96 | -29.49 | 234.25 | 29.71 | -23.68 | 115.03 | 29.26 | -23.98 | 114.3 | 24.48 | -19.42 | 112.35 | 41.17 | 122.18 | 2400.0 | 8.54 | 210.55 | 5437.5 | 0.34 | 277.78 | 0 | 29.88 | -25.65 | 128.79 | 285.24 | -48.24 | -58.65 | 101.53 | 0.36 | 5.44 | -1.53 | -31.52 | -141.39 | 0.61 | -60.13 | -99.48 |
| 23Q2 (15) | 3.00 | 58.73 | 0 | 48.16 | 3.48 | 119.71 | 38.93 | 8.02 | 335.37 | 38.49 | 10.48 | 317.92 | 30.38 | 8.97 | 30280.0 | 18.53 | 37.06 | 0 | 2.75 | 51.93 | 3337.5 | 0.09 | 50.0 | 800.0 | 40.19 | 9.03 | 45.62 | 551.07 | -16.06 | -17.69 | 101.17 | -2.22 | 157.18 | -1.17 | 66.36 | -100.42 | 1.53 | -35.98 | -90.83 |
| 23Q1 (14) | 1.89 | 285.71 | 1618.18 | 46.54 | 25.01 | 65.98 | 36.04 | 86.45 | 208.83 | 34.84 | 102.68 | 329.06 | 27.88 | 96.61 | 308.2 | 13.52 | 263.44 | 1948.48 | 1.81 | 235.19 | 964.71 | 0.06 | 100.0 | 200.0 | 36.86 | 74.36 | 143.62 | 656.54 | -7.59 | 11.61 | 103.46 | -7.95 | -28.59 | -3.46 | 72.07 | 92.28 | 2.39 | -54.3 | -70.24 |
| 22Q4 (13) | 0.49 | 313.04 | -67.97 | 37.23 | 266.44 | 39.86 | 19.33 | 109.78 | -8.26 | 17.19 | 108.4 | -17.55 | 14.18 | 107.15 | -26.45 | 3.72 | 307.82 | -60.55 | 0.54 | 437.5 | -67.47 | 0.03 | 0 | -62.5 | 21.14 | 120.37 | -5.29 | 710.43 | 2.99 | 45.24 | 112.41 | 16.73 | 11.21 | -12.41 | -434.96 | -1050.21 | 5.23 | -95.54 | 105.91 |
| 22Q3 (12) | -0.23 | 0 | -129.11 | 10.16 | -53.65 | -62.61 | -197.67 | -1095.1 | -1023.69 | -204.55 | -2320.96 | -1073.12 | -198.28 | -198380.0 | -1309.76 | -1.79 | 0 | -133.9 | -0.16 | -300.0 | -116.84 | 0.00 | -100.0 | -100.0 | -103.77 | -475.98 | -547.09 | 689.79 | 3.03 | 37.07 | 96.30 | 154.43 | -5.6 | 3.70 | -98.66 | 311.11 | 117.25 | 602.52 | 3212.15 |
| 22Q2 (11) | 0.00 | -100.0 | -100.0 | 21.92 | -21.83 | -17.03 | -16.54 | -241.73 | -183.75 | 9.21 | 13.42 | -51.3 | 0.10 | -98.54 | -99.29 | 0.00 | -100.0 | -100.0 | 0.08 | -52.94 | -91.49 | 0.01 | -50.0 | -83.33 | 27.60 | 82.42 | 32.06 | 669.48 | 13.8 | 33.87 | -176.92 | -222.1 | -269.38 | 276.92 | 716.78 | 6315.38 | 16.69 | 107.85 | 549.42 |
| 22Q1 (10) | 0.11 | -92.81 | -91.13 | 28.04 | 5.33 | 12.61 | 11.67 | -44.61 | -35.81 | 8.12 | -61.06 | -55.51 | 6.83 | -64.57 | -50.65 | 0.66 | -93.0 | -92.47 | 0.17 | -89.76 | -87.59 | 0.02 | -75.0 | -77.78 | 15.13 | -32.21 | -22.81 | 588.27 | 20.27 | 9.99 | 144.90 | 43.35 | 45.38 | -44.90 | -4062.68 | -13726.53 | 8.03 | 216.14 | 293.63 |
| 21Q4 (9) | 1.53 | 93.67 | 466.67 | 26.62 | -2.02 | 31.13 | 21.07 | -1.54 | 64.74 | 20.85 | -0.81 | 194.08 | 19.28 | 17.63 | 378.41 | 9.43 | 78.6 | 366.83 | 1.66 | 74.74 | 361.11 | 0.08 | 60.0 | 14.29 | 22.32 | -3.83 | 156.26 | 489.14 | -2.8 | -21.82 | 101.08 | -0.91 | -43.74 | -1.08 | 38.52 | 98.66 | 2.54 | -28.25 | -24.18 |
| 21Q3 (8) | 0.79 | -2.47 | 154.84 | 27.17 | 2.84 | 155.6 | 21.40 | 8.35 | 324.6 | 21.02 | 11.16 | 387.7 | 16.39 | 16.9 | 337.07 | 5.28 | -1.86 | 119.09 | 0.95 | 1.06 | 131.71 | 0.05 | -16.67 | -44.44 | 23.21 | 11.05 | 325.09 | 503.23 | 0.62 | -19.22 | 102.01 | -2.35 | -13.03 | -1.75 | 60.62 | 89.86 | 3.54 | 37.74 | 70.19 |
| 21Q2 (7) | 0.81 | -34.68 | 1057.14 | 26.42 | 6.1 | 217.17 | 19.75 | 8.64 | 6071.88 | 18.91 | 3.62 | 1489.08 | 14.02 | 1.3 | 887.32 | 5.38 | -38.65 | 1180.95 | 0.94 | -31.39 | 571.43 | 0.06 | -33.33 | 20.0 | 20.90 | 6.63 | 471.04 | 500.11 | -6.49 | -16.52 | 104.46 | 4.8 | 276.04 | -4.46 | -1452.23 | -106.17 | 2.57 | 25.98 | 0 |
| 21Q1 (6) | 1.24 | 359.26 | 417.95 | 24.90 | 22.66 | 147.02 | 18.18 | 42.14 | 238.46 | 18.25 | 157.4 | 188.29 | 13.84 | 243.42 | 165.34 | 8.77 | 334.16 | 493.27 | 1.37 | 280.56 | 626.92 | 0.09 | 28.57 | 350.0 | 19.60 | 125.03 | 277.38 | 534.84 | -14.52 | 4.85 | 99.67 | -44.52 | 56.81 | 0.33 | 100.41 | -99.1 | 2.04 | -39.1 | 0 |
| 20Q4 (5) | 0.27 | -12.9 | -89.93 | 20.30 | 90.97 | 120.41 | 12.79 | 153.77 | 759.28 | 7.09 | 64.5 | -87.24 | 4.03 | 7.47 | -92.17 | 2.02 | -16.18 | -87.48 | 0.36 | -12.2 | -88.12 | 0.07 | -22.22 | 16.67 | 8.71 | 59.52 | -85.07 | 625.66 | 0.43 | 46.18 | 179.66 | 53.17 | 5263.81 | -80.23 | -363.92 | -177.44 | 3.35 | 61.06 | -45.88 |
| 20Q3 (4) | 0.31 | 342.86 | 0.0 | 10.63 | 27.61 | 0.0 | 5.04 | 1475.0 | 0.0 | 4.31 | 262.18 | 0.0 | 3.75 | 164.08 | 0.0 | 2.41 | 473.81 | 0.0 | 0.41 | 192.86 | 0.0 | 0.09 | 80.0 | 0.0 | 5.46 | 49.18 | 0.0 | 623.00 | 4.0 | 0.0 | 117.29 | 322.26 | 0.0 | -17.29 | -123.94 | 0.0 | 2.08 | 0 | 0.0 |
| 20Q2 (3) | 0.07 | 117.95 | 0.0 | 8.33 | -17.36 | 0.0 | 0.32 | 102.44 | 0.0 | 1.19 | 105.76 | 0.0 | 1.42 | 106.7 | 0.0 | 0.42 | 118.83 | 0.0 | 0.14 | 153.85 | 0.0 | 0.05 | 150.0 | 0.0 | 3.66 | 133.12 | 0.0 | 599.05 | 17.43 | 0.0 | 27.78 | -56.3 | 0.0 | 72.22 | 98.19 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.39 | -114.55 | 0.0 | 10.08 | 9.45 | 0.0 | -13.13 | -576.8 | 0.0 | -20.67 | -137.21 | 0.0 | -21.18 | -141.13 | 0.0 | -2.23 | -113.83 | 0.0 | -0.26 | -108.58 | 0.0 | 0.02 | -66.67 | 0.0 | -11.05 | -118.95 | 0.0 | 510.12 | 19.18 | 0.0 | 63.56 | 1926.82 | 0.0 | 36.44 | -64.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 2.68 | 0.0 | 0.0 | 9.21 | 0.0 | 0.0 | -1.94 | 0.0 | 0.0 | 55.55 | 0.0 | 0.0 | 51.49 | 0.0 | 0.0 | 16.13 | 0.0 | 0.0 | 3.03 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 58.32 | 0.0 | 0.0 | 428.01 | 0.0 | 0.0 | -3.48 | 0.0 | 0.0 | 103.59 | 0.0 | 0.0 | 6.19 | 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) | 17.08 | 4780.0 | 36.77 | 12.48 | 30.89 | 249.83 | 0.18 | -90.28 | 30.50 | 225.16 | 25.10 | 298.41 | 78.85 | 3092.31 | 17.26 | 2596.88 | 0.67 | 1016.67 | 31.43 | 77.17 | 214.85 | -69.76 | 101.25 | 7.23 | -1.25 | 0 | 0.04 | 21.93 | 1.07 | -88.82 |
| 2022 (9) | 0.35 | -91.78 | 32.69 | 25.11 | 8.83 | -55.72 | 1.81 | 351.63 | 9.38 | -52.29 | 6.30 | -60.5 | 2.47 | -91.32 | 0.64 | -86.3 | 0.06 | -78.57 | 17.74 | -16.87 | 710.43 | 45.24 | 94.42 | -6.93 | 6.01 | 0 | 0.03 | -7.93 | 9.57 | 272.37 |
| 2021 (8) | 4.26 | 1231.25 | 26.13 | 96.76 | 19.94 | 277.65 | 0.40 | 61.5 | 19.66 | 617.52 | 15.95 | 942.48 | 28.47 | 1182.43 | 4.67 | 557.75 | 0.28 | 21.74 | 21.34 | 331.11 | 489.14 | -21.82 | 101.46 | -47.26 | -1.46 | 0 | 0.04 | -12.66 | 2.57 | -25.51 |
| 2020 (7) | 0.32 | -84.98 | 13.28 | 7.79 | 5.28 | 0 | 0.25 | -62.78 | 2.74 | -84.49 | 1.53 | -90.2 | 2.22 | -78.3 | 0.71 | -76.87 | 0.23 | 43.75 | 4.95 | -77.91 | 625.66 | 46.18 | 192.38 | 0 | -92.38 | 0 | 0.04 | 18.7 | 3.45 | -42.02 |
| 2019 (6) | 2.13 | -73.74 | 12.32 | -51.38 | -1.84 | 0 | 0.67 | 229.72 | 17.67 | -3.12 | 15.62 | -1.08 | 10.23 | -70.8 | 3.07 | -68.25 | 0.16 | -71.93 | 22.41 | 11.88 | 428.01 | 107.29 | -10.38 | 0 | 110.38 | 0 | 0.03 | -14.51 | 5.95 | 260.61 |
| 2018 (5) | 8.11 | 240.76 | 25.34 | 18.69 | 19.08 | 52.52 | 0.20 | -69.29 | 18.24 | 38.18 | 15.79 | 28.69 | 35.03 | 215.02 | 9.67 | 202.19 | 0.57 | 171.43 | 20.03 | 14.0 | 206.48 | -49.76 | 104.59 | 10.45 | -4.59 | 0 | 0.04 | 0 | 1.65 | -36.05 |
| 2017 (4) | 2.38 | -46.03 | 21.35 | -22.7 | 12.51 | -34.57 | 0.66 | 30.1 | 13.20 | -35.07 | 12.27 | -32.13 | 11.12 | -44.29 | 3.20 | -50.92 | 0.21 | -34.38 | 17.57 | -24.53 | 410.95 | 59.28 | 94.69 | 0.75 | 5.14 | -14.38 | 0.00 | 0 | 2.58 | 32.31 |
| 2016 (3) | 4.41 | 2.56 | 27.62 | -5.57 | 19.12 | -2.89 | 0.51 | 25.29 | 20.33 | 5.34 | 18.08 | -1.63 | 19.96 | 0.2 | 6.52 | 6.19 | 0.32 | 3.23 | 23.28 | 9.66 | 258.00 | 15.92 | 93.99 | -7.84 | 6.01 | 0 | 0.00 | 0 | 1.95 | -24.12 |
| 2015 (2) | 4.30 | 15.28 | 29.25 | 25.54 | 19.69 | 26.71 | 0.40 | 16.06 | 19.30 | 31.11 | 18.38 | 26.41 | 19.92 | 6.35 | 6.14 | 19.92 | 0.31 | -3.13 | 21.23 | 25.47 | 222.56 | -19.89 | 101.99 | -3.3 | -1.99 | 0 | 0.00 | 0 | 2.57 | 20.09 |
| 2014 (1) | 3.73 | 936.11 | 23.30 | 0 | 15.54 | 0 | 0.35 | -82.9 | 14.72 | 0 | 14.54 | 0 | 18.73 | 0 | 5.12 | 0 | 0.32 | 357.14 | 16.92 | -13.85 | 277.83 | -17.57 | 105.47 | 6.68 | -5.47 | 0 | 0.00 | 0 | 2.14 | -76.74 |
