- 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) | 0.36 | -12.2 | 620.0 | 11.21 | 1.82 | 79.07 | 4.83 | 1.9 | 519.23 | 4.28 | 6.47 | 520.29 | 3.24 | -4.71 | 653.49 | 2.04 | -13.56 | 628.57 | 1.10 | -9.84 | 189.47 | 0.26 | -7.14 | -3.7 | 7.88 | 7.8 | 86.29 | 143.10 | -3.76 | -0.18 | 112.69 | -4.7 | -0.84 | -12.69 | 30.48 | 6.97 | 5.51 | 4.36 | 2.42 |
| 24Q2 (19) | 0.41 | 472.73 | 213.89 | 11.01 | 75.6 | 152.52 | 4.74 | 840.62 | 829.23 | 4.02 | 562.07 | 221.45 | 3.40 | 403.57 | 215.65 | 2.36 | 457.58 | 218.0 | 1.22 | 6200.0 | 306.78 | 0.28 | 16.67 | -3.45 | 7.31 | 150.34 | 8222.22 | 148.69 | 2.59 | 4.68 | 118.25 | 64.23 | 491.24 | -18.25 | -165.17 | -122.81 | 5.28 | -10.05 | 11.16 |
| 24Q1 (18) | -0.11 | -175.0 | -120.75 | 6.27 | -7.25 | -47.44 | -0.64 | -159.81 | -109.55 | -0.87 | -123.08 | -114.19 | -1.12 | -220.0 | -124.19 | -0.66 | -200.0 | -123.4 | -0.02 | -111.11 | -101.34 | 0.24 | -4.0 | -7.69 | 2.92 | -12.57 | -69.26 | 144.93 | -1.01 | 13.73 | 72.00 | 127.0 | -34.0 | 28.00 | -92.36 | 408.0 | 5.87 | 10.13 | 8.91 |
| 23Q4 (17) | -0.04 | -180.0 | -144.44 | 6.76 | 7.99 | -16.13 | 1.07 | 37.18 | -58.37 | -0.39 | -156.52 | -115.92 | -0.35 | -181.4 | -146.67 | -0.22 | -178.57 | -147.83 | 0.18 | -52.63 | -58.14 | 0.25 | -7.41 | -3.85 | 3.34 | -21.04 | -40.99 | 146.41 | 2.13 | 9.31 | -266.67 | -334.67 | -353.97 | 366.67 | 2788.89 | 7433.33 | 5.33 | -0.93 | 9.45 |
| 23Q3 (16) | 0.05 | 113.89 | 150.0 | 6.26 | 43.58 | -9.28 | 0.78 | 220.0 | -38.1 | 0.69 | 120.85 | 245.0 | 0.43 | 114.63 | 230.77 | 0.28 | 114.0 | 180.0 | 0.38 | 164.41 | 65.22 | 0.27 | -6.9 | -10.0 | 4.23 | 4800.0 | 62.69 | 143.36 | 0.93 | -1.17 | 113.64 | 468.18 | -82.17 | -13.64 | -117.05 | 97.46 | 5.38 | 13.26 | 29.64 |
| 23Q2 (15) | -0.36 | -167.92 | -127.91 | 4.36 | -63.45 | -77.86 | -0.65 | -109.7 | -105.09 | -3.31 | -154.0 | -130.2 | -2.94 | -163.5 | -136.25 | -2.00 | -170.92 | -129.28 | -0.59 | -139.6 | -121.69 | 0.29 | 11.54 | -6.45 | -0.09 | -100.95 | -100.69 | 142.04 | 11.47 | -17.29 | 20.00 | -81.67 | -82.84 | 80.00 | 980.0 | 583.95 | 4.75 | -11.87 | 16.42 |
| 23Q1 (14) | 0.53 | 488.89 | -57.6 | 11.93 | 48.01 | -29.86 | 6.70 | 160.7 | -33.73 | 6.13 | 150.2 | -39.84 | 4.63 | 517.33 | -41.09 | 2.82 | 513.04 | -58.1 | 1.49 | 246.51 | -42.02 | 0.26 | 0.0 | -16.13 | 9.50 | 67.84 | -22.51 | 127.43 | -4.86 | -23.39 | 109.09 | 3.9 | 10.06 | -9.09 | -81.82 | -1129.55 | 5.39 | 10.68 | 35.09 |
| 22Q4 (13) | 0.09 | 350.0 | -94.23 | 8.06 | 16.81 | -61.51 | 2.57 | 103.97 | -81.63 | 2.45 | 1125.0 | -82.3 | 0.75 | 476.92 | -92.2 | 0.46 | 360.0 | -95.03 | 0.43 | 86.96 | -87.13 | 0.26 | -13.33 | -21.21 | 5.66 | 117.69 | -64.25 | 133.94 | -7.67 | -29.95 | 105.00 | -83.53 | 3.84 | -5.00 | 99.07 | -349.29 | 4.87 | 17.35 | 17.35 |
| 22Q3 (12) | 0.02 | -98.45 | -98.46 | 6.90 | -64.96 | -65.6 | 1.26 | -90.14 | -90.16 | 0.20 | -98.18 | -98.37 | 0.13 | -98.4 | -98.59 | 0.10 | -98.54 | -98.82 | 0.23 | -91.54 | -92.43 | 0.30 | -3.23 | -3.23 | 2.60 | -80.2 | -82.08 | 145.06 | -15.53 | -24.17 | 637.50 | 447.07 | 511.09 | -537.50 | -3151.54 | -12339.29 | 4.15 | 1.72 | -11.13 |
| 22Q2 (11) | 1.29 | 3.2 | 30.3 | 19.69 | 15.76 | 14.74 | 12.78 | 26.41 | 24.56 | 10.96 | 7.56 | 8.09 | 8.11 | 3.18 | 9.59 | 6.83 | 1.49 | 0.29 | 2.72 | 5.84 | 9.24 | 0.31 | 0.0 | 0.0 | 13.13 | 7.1 | 4.87 | 171.73 | 3.25 | -12.72 | 116.53 | 17.57 | 15.32 | -16.53 | -1972.09 | -1159.63 | 4.08 | 2.26 | -13.74 |
| 22Q1 (10) | 1.25 | -19.87 | 177.78 | 17.01 | -18.77 | 18.95 | 10.11 | -27.73 | 51.8 | 10.19 | -26.37 | 87.32 | 7.86 | -18.3 | 87.59 | 6.73 | -27.32 | 113.65 | 2.57 | -23.05 | 107.26 | 0.31 | -6.06 | 24.0 | 12.26 | -22.55 | 45.43 | 166.33 | -13.01 | -13.63 | 99.12 | -1.97 | -18.9 | 0.88 | 179.34 | 103.97 | 3.99 | -3.86 | -29.75 |
| 21Q4 (9) | 1.56 | 20.0 | 321.62 | 20.94 | 4.39 | 72.2 | 13.99 | 9.21 | 183.77 | 13.84 | 12.7 | 159.66 | 9.62 | 4.45 | 161.41 | 9.26 | 9.59 | 241.7 | 3.34 | 9.87 | 203.64 | 0.33 | 6.45 | 32.0 | 15.83 | 9.1 | 87.56 | 191.21 | -0.05 | -3.65 | 101.11 | -3.08 | 9.06 | -1.11 | 74.24 | -115.28 | 4.15 | -11.13 | -22.57 |
| 21Q3 (8) | 1.30 | 31.31 | 465.22 | 20.06 | 16.9 | 100.6 | 12.81 | 24.85 | 256.82 | 12.28 | 21.1 | 256.98 | 9.21 | 24.46 | 291.91 | 8.45 | 24.08 | 385.63 | 3.04 | 22.09 | 289.74 | 0.31 | 0.0 | 24.0 | 14.51 | 15.89 | 121.53 | 191.30 | -2.77 | -2.54 | 104.32 | 3.24 | 0.11 | -4.32 | -229.26 | -2.62 | 4.67 | -1.27 | -17.05 |
| 21Q2 (7) | 0.99 | 120.0 | 2575.0 | 17.16 | 20.0 | 179.02 | 10.26 | 54.05 | 2750.0 | 10.14 | 86.4 | 2573.17 | 7.40 | 76.61 | 1950.0 | 6.81 | 116.19 | 2532.14 | 2.49 | 100.81 | 2163.64 | 0.31 | 24.0 | 29.17 | 12.52 | 48.52 | 337.76 | 196.75 | 2.17 | 1.89 | 101.05 | -17.32 | 223.51 | -1.31 | 94.09 | -100.72 | 4.73 | -16.73 | -14.47 |
| 21Q1 (6) | 0.45 | 21.62 | 364.71 | 14.30 | 17.6 | 114.71 | 6.66 | 35.09 | 1268.42 | 5.44 | 2.06 | 372.0 | 4.19 | 13.86 | 295.79 | 3.15 | 16.24 | 348.03 | 1.24 | 12.73 | 616.67 | 0.25 | 0.0 | 13.64 | 8.43 | -0.12 | 370.95 | 192.57 | -2.97 | 7.8 | 122.22 | 31.83 | 341.88 | -22.22 | -405.05 | -130.72 | 5.68 | 5.97 | -12.88 |
| 20Q4 (5) | 0.37 | 60.87 | 68.18 | 12.16 | 21.6 | 31.74 | 4.93 | 37.33 | 23.56 | 5.33 | 54.94 | 75.91 | 3.68 | 56.6 | 65.77 | 2.71 | 55.75 | 71.52 | 1.10 | 41.03 | 32.53 | 0.25 | 0.0 | -3.85 | 8.44 | 28.85 | 35.26 | 198.46 | 1.11 | 19.32 | 92.72 | -11.03 | -29.44 | 7.28 | 273.01 | 123.2 | 5.36 | -4.8 | 0 |
| 20Q3 (4) | 0.23 | 675.0 | 0.0 | 10.00 | 62.6 | 0.0 | 3.59 | 897.22 | 0.0 | 3.44 | 939.02 | 0.0 | 2.35 | 687.5 | 0.0 | 1.74 | 721.43 | 0.0 | 0.78 | 609.09 | 0.0 | 0.25 | 4.17 | 0.0 | 6.55 | 129.02 | 0.0 | 196.28 | 1.65 | 0.0 | 104.21 | 227.37 | 0.0 | -4.21 | -102.32 | 0.0 | 5.63 | 1.81 | 0.0 |
| 20Q2 (3) | -0.04 | 76.47 | 0.0 | 6.15 | -7.66 | 0.0 | 0.36 | 163.16 | 0.0 | -0.41 | 79.5 | 0.0 | -0.40 | 81.31 | 0.0 | -0.28 | 77.95 | 0.0 | 0.11 | 145.83 | 0.0 | 0.24 | 9.09 | 0.0 | 2.86 | 59.78 | 0.0 | 193.10 | 8.1 | 0.0 | -81.82 | -395.8 | 0.0 | 181.82 | 151.34 | 0.0 | 5.53 | -15.18 | 0.0 |
| 20Q1 (2) | -0.17 | -177.27 | 0.0 | 6.66 | -27.84 | 0.0 | -0.57 | -114.29 | 0.0 | -2.00 | -166.01 | 0.0 | -2.14 | -196.4 | 0.0 | -1.27 | -180.38 | 0.0 | -0.24 | -128.92 | 0.0 | 0.22 | -15.38 | 0.0 | 1.79 | -71.31 | 0.0 | 178.63 | 7.4 | 0.0 | 27.66 | -78.95 | 0.0 | 72.34 | 330.42 | 0.0 | 6.52 | 0 | 0.0 |
| 19Q4 (1) | 0.22 | 0.0 | 0.0 | 9.23 | 0.0 | 0.0 | 3.99 | 0.0 | 0.0 | 3.03 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 1.58 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 6.24 | 0.0 | 0.0 | 166.32 | 0.0 | 0.0 | 131.40 | 0.0 | 0.0 | -31.40 | 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) | 0.18 | -93.18 | 7.29 | -45.68 | 1.95 | -72.57 | 2.21 | 37.51 | 0.73 | -88.49 | 0.40 | -91.23 | 1.01 | -93.06 | 1.49 | -76.5 | 1.07 | -12.3 | 4.18 | -52.23 | 146.41 | 9.31 | 265.96 | 137.4 | -167.02 | 0 | 0.00 | 0 | 5.20 | 22.93 |
| 2022 (9) | 2.64 | -38.46 | 13.42 | -27.38 | 7.11 | -37.25 | 1.61 | -3.24 | 6.34 | -41.73 | 4.56 | -42.28 | 14.56 | -46.43 | 6.34 | -35.83 | 1.22 | 4.27 | 8.75 | -33.86 | 133.94 | -29.95 | 112.03 | 7.55 | -12.12 | 0 | 0.00 | 0 | 4.23 | -10.38 |
| 2021 (8) | 4.29 | 1028.95 | 18.48 | 108.11 | 11.33 | 410.36 | 1.66 | -26.02 | 10.88 | 511.24 | 7.90 | 666.99 | 27.18 | 891.97 | 9.88 | 458.19 | 1.17 | 23.16 | 13.23 | 160.43 | 191.21 | -3.65 | 104.16 | -16.67 | -4.16 | 0 | 0.00 | 0 | 4.72 | -17.63 |
| 2020 (7) | 0.38 | -59.57 | 8.88 | -12.68 | 2.22 | -46.63 | 2.24 | 19.0 | 1.78 | -45.73 | 1.03 | -54.02 | 2.74 | -59.04 | 1.77 | -48.99 | 0.95 | -15.93 | 5.08 | -17.93 | 198.46 | 19.32 | 125.00 | -1.36 | -25.00 | 0 | 0.00 | 0 | 5.73 | 3.43 |
| 2019 (6) | 0.94 | -52.28 | 10.17 | -23.76 | 4.16 | -40.83 | 1.89 | 38.13 | 3.28 | -44.59 | 2.24 | -44.83 | 6.69 | -52.59 | 3.47 | -44.48 | 1.13 | -11.72 | 6.19 | -25.69 | 166.32 | 3.24 | 126.72 | 6.56 | -26.72 | 0 | 0.00 | 0 | 5.54 | 11.92 |
| 2018 (5) | 1.97 | -0.51 | 13.34 | 4.71 | 7.03 | 6.03 | 1.37 | -7.7 | 5.92 | 4.78 | 4.06 | -4.69 | 14.11 | -8.73 | 6.25 | 1.3 | 1.28 | 5.79 | 8.33 | 1.83 | 161.10 | -12.72 | 118.92 | 1.46 | -18.79 | 0 | 0.00 | 0 | 4.95 | 7.84 |
| 2017 (4) | 1.98 | 83.33 | 12.74 | 8.7 | 6.63 | 25.57 | 1.48 | -17.66 | 5.65 | 57.82 | 4.26 | 56.04 | 15.46 | 68.41 | 6.17 | 58.21 | 1.21 | 17.48 | 8.18 | 23.01 | 184.58 | -16.15 | 117.20 | -20.65 | -17.34 | 0 | 0.00 | 0 | 4.59 | -10.35 |
| 2016 (3) | 1.08 | 0 | 11.72 | 140.66 | 5.28 | 0 | 1.80 | 2.67 | 3.58 | 0 | 2.73 | 0 | 9.18 | 0 | 3.90 | 0 | 1.03 | -0.96 | 6.65 | 2275.0 | 220.12 | -5.74 | 147.70 | 163.98 | -47.70 | 0 | 0.00 | 0 | 5.12 | 8.25 |
| 2015 (2) | -1.01 | 0 | 4.87 | -55.16 | -1.60 | 0 | 1.75 | 34.2 | -2.87 | 0 | -2.45 | 0 | -8.18 | 0 | -1.36 | 0 | 1.04 | -15.45 | 0.28 | -95.25 | 233.53 | 12.62 | 55.95 | -56.68 | 44.05 | 0 | 0.00 | 0 | 4.73 | 10.51 |
| 2014 (1) | 1.51 | 906.67 | 10.86 | 0 | 4.35 | 0 | 1.30 | -21.99 | 3.37 | 0 | 2.80 | 0 | 11.43 | 0 | 4.69 | 0 | 1.23 | 4.24 | 5.89 | 70.23 | 207.36 | -20.74 | 129.15 | -47.62 | -29.15 | 0 | 0.00 | 0 | 4.28 | 8.91 |
