- 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) | 0.59 | -24.36 | 303.45 | 12.35 | 2.66 | 269.76 | 5.27 | -12.6 | 802.67 | 4.03 | -20.51 | 310.99 | 3.69 | -19.08 | 332.08 | 2.54 | -25.73 | 298.44 | 1.45 | -19.44 | 1550.0 | 0.29 | -6.45 | -9.38 | 7.85 | -10.59 | 378.66 | 128.73 | -8.15 | -16.94 | 130.56 | 9.94 | 229.23 | -30.56 | -62.96 | -149.23 | 3.74 | 7.78 | 15.43 |
| 24Q2 (19) | 0.78 | 252.94 | 239.29 | 12.03 | 263.44 | 504.52 | 6.03 | 308.65 | 515.86 | 5.07 | 224.26 | 258.44 | 4.56 | 233.72 | 252.0 | 3.42 | 252.68 | 244.3 | 1.80 | 427.27 | 405.08 | 0.31 | 10.71 | -3.13 | 8.78 | 4290.0 | 4521.05 | 140.15 | -2.26 | -7.82 | 118.75 | 68.93 | 161.25 | -18.75 | -165.3 | -134.38 | 3.47 | -10.34 | 15.28 |
| 24Q1 (18) | -0.51 | -368.42 | -121.74 | 3.31 | -32.31 | -14.47 | -2.89 | -714.89 | -9733.33 | -4.08 | -848.84 | -270.91 | -3.41 | -407.21 | -158.33 | -2.24 | -376.54 | -140.86 | -0.55 | -171.43 | -1000.0 | 0.28 | -6.67 | -12.5 | 0.20 | -94.33 | -91.42 | 143.39 | 10.52 | 7.47 | 70.30 | 164.89 | 2349.5 | 28.71 | -86.22 | -72.16 | 3.87 | 20.56 | 22.86 |
| 23Q4 (17) | 0.19 | 165.52 | 235.71 | 4.89 | 46.41 | 209.49 | 0.47 | 162.67 | 119.92 | -0.43 | 77.49 | 85.02 | 1.11 | 169.81 | 240.51 | 0.81 | 163.28 | 250.0 | 0.77 | 870.0 | 755.56 | 0.30 | -6.25 | -6.25 | 3.53 | 115.24 | 530.36 | 129.74 | -16.29 | 11.14 | -108.33 | -373.19 | -232.59 | 208.33 | 235.65 | 1120.24 | 3.21 | -0.93 | 3.22 |
| 23Q3 (16) | -0.29 | 48.21 | 48.21 | 3.34 | 67.84 | -1.18 | -0.75 | 48.28 | 58.79 | -1.91 | 40.31 | 41.23 | -1.59 | 47.0 | 41.54 | -1.28 | 45.99 | 41.82 | -0.10 | 83.05 | 83.87 | 0.32 | 0.0 | -8.57 | 1.64 | 763.16 | 531.58 | 154.99 | 1.94 | 33.79 | 39.66 | -12.76 | -29.0 | 62.07 | 13.79 | 40.61 | 3.24 | 7.64 | 25.58 |
| 23Q2 (15) | -0.56 | -143.48 | -139.16 | 1.99 | -48.58 | -87.84 | -1.45 | -4933.33 | -115.22 | -3.20 | -190.91 | -138.79 | -3.00 | -127.27 | -151.37 | -2.37 | -154.84 | -143.41 | -0.59 | -1080.0 | -123.41 | 0.32 | 0.0 | -15.79 | 0.19 | -91.85 | -98.2 | 152.04 | 13.96 | 2.11 | 45.45 | 1554.55 | -60.67 | 54.55 | -47.11 | 450.35 | 3.01 | -4.44 | 22.36 |
| 23Q1 (14) | -0.23 | -64.29 | -153.49 | 3.87 | 144.94 | -58.48 | 0.03 | 101.27 | -99.04 | -1.10 | 61.67 | -140.29 | -1.32 | -67.09 | -170.21 | -0.93 | -72.22 | -157.41 | -0.05 | -155.56 | -105.43 | 0.32 | 0.0 | -5.88 | 2.33 | 316.07 | -55.45 | 133.42 | 14.29 | -4.44 | -3.12 | -103.82 | -102.72 | 103.12 | 504.02 | 801.25 | 3.15 | 1.29 | 25.0 |
| 22Q4 (13) | -0.14 | 75.0 | -109.21 | 1.58 | -53.25 | -89.35 | -2.36 | -29.67 | -132.42 | -2.87 | 11.69 | -140.25 | -0.79 | 70.96 | -114.13 | -0.54 | 75.45 | -109.03 | 0.09 | 114.52 | -96.3 | 0.32 | -8.57 | -17.95 | 0.56 | 247.37 | -93.97 | 116.74 | 0.77 | -27.9 | 81.71 | 46.28 | -20.14 | 17.07 | -61.32 | 962.2 | 3.11 | 20.54 | 4.71 |
| 22Q3 (12) | -0.56 | -139.16 | -137.58 | 3.38 | -79.34 | -75.02 | -1.82 | -119.1 | -128.04 | -3.25 | -139.39 | -146.36 | -2.72 | -146.58 | -147.64 | -2.20 | -140.29 | -134.21 | -0.62 | -124.6 | -125.0 | 0.35 | -7.89 | -10.26 | -0.38 | -103.6 | -104.13 | 115.85 | -22.2 | -39.63 | 55.86 | -51.67 | -39.67 | 44.14 | 383.54 | 494.89 | 2.58 | 4.88 | -2.64 |
| 22Q2 (11) | 1.43 | 232.56 | 28.83 | 16.36 | 75.54 | 27.32 | 9.53 | 204.47 | 41.19 | 8.25 | 202.2 | 32.85 | 5.84 | 210.64 | 16.8 | 5.46 | 237.04 | 8.98 | 2.52 | 173.91 | 22.33 | 0.38 | 11.76 | 8.57 | 10.57 | 102.1 | 19.3 | 148.90 | 6.65 | -21.29 | 115.57 | 0.75 | 6.1 | -15.57 | -5.87 | -84.23 | 2.46 | -2.38 | -7.17 |
| 22Q1 (10) | 0.43 | -71.71 | -33.85 | 9.32 | -37.2 | -24.66 | 3.13 | -57.01 | -48.86 | 2.73 | -61.71 | -43.36 | 1.88 | -66.37 | -52.64 | 1.62 | -72.91 | -46.36 | 0.92 | -62.14 | -35.21 | 0.34 | -12.82 | 21.43 | 5.23 | -43.64 | -36.61 | 139.62 | -13.77 | -22.26 | 114.71 | 12.12 | -9.72 | -14.71 | -642.65 | 45.63 | 2.52 | -15.15 | -28.61 |
| 21Q4 (9) | 1.52 | 2.01 | 149.18 | 14.84 | 9.68 | 59.57 | 7.28 | 12.17 | 89.58 | 7.13 | 1.71 | 76.49 | 5.59 | -2.1 | 34.05 | 5.98 | -7.0 | 101.35 | 2.43 | -2.02 | 69.93 | 0.39 | 0.0 | 39.29 | 9.28 | 0.76 | 21.94 | 161.92 | -15.63 | 2.33 | 102.31 | 10.51 | 8.19 | -1.98 | -126.69 | -136.44 | 2.97 | 12.08 | -20.59 |
| 21Q3 (8) | 1.49 | 34.23 | 263.41 | 13.53 | 5.29 | 44.86 | 6.49 | -3.85 | 48.85 | 7.01 | 12.88 | 70.98 | 5.71 | 14.2 | 70.96 | 6.43 | 28.34 | 213.66 | 2.48 | 20.39 | 121.43 | 0.39 | 11.43 | 62.5 | 9.21 | 3.95 | 9.64 | 191.91 | 1.44 | 21.36 | 92.58 | -15.0 | -13.0 | 7.42 | 187.81 | 215.76 | 2.65 | 0.0 | -28.38 |
| 21Q2 (7) | 1.11 | 70.77 | 655.0 | 12.85 | 3.88 | 158.03 | 6.75 | 10.29 | 2209.38 | 6.21 | 28.84 | 437.5 | 5.00 | 25.94 | 374.73 | 5.01 | 65.89 | 611.22 | 2.06 | 45.07 | 3042.86 | 0.35 | 25.0 | 59.09 | 8.86 | 7.39 | 185.81 | 189.18 | 5.33 | 29.71 | 108.92 | -14.27 | 575.31 | -8.45 | 68.76 | -110.48 | 2.65 | -24.93 | 0 |
| 21Q1 (6) | 0.65 | 6.56 | 216.07 | 12.37 | 33.01 | 464.84 | 6.12 | 59.38 | 283.78 | 4.82 | 19.31 | 182.39 | 3.97 | -4.8 | 172.58 | 3.02 | 1.68 | 213.11 | 1.42 | -0.7 | 297.22 | 0.28 | 0.0 | 40.0 | 8.25 | 8.41 | 2761.29 | 179.60 | 13.51 | 17.13 | 127.05 | 34.35 | 122.94 | -27.05 | -597.7 | -162.89 | 3.53 | -5.61 | -24.73 |
| 20Q4 (5) | 0.61 | 48.78 | 144.0 | 9.30 | -0.43 | 27.4 | 3.84 | -11.93 | 44.36 | 4.04 | -1.46 | 119.57 | 4.17 | 24.85 | 134.27 | 2.97 | 44.88 | 151.69 | 1.43 | 27.68 | 70.24 | 0.28 | 16.67 | 3.7 | 7.61 | -9.4 | 28.33 | 158.23 | 0.06 | 10.53 | 94.57 | -11.13 | -34.29 | 5.43 | 184.78 | 112.38 | 3.74 | 1.08 | 0 |
| 20Q3 (4) | 0.41 | 305.0 | 0.0 | 9.34 | 87.55 | 0.0 | 4.36 | 1462.5 | 0.0 | 4.10 | 322.83 | 0.0 | 3.34 | 283.52 | 0.0 | 2.05 | 309.18 | 0.0 | 1.12 | 1700.0 | 0.0 | 0.24 | 9.09 | 0.0 | 8.40 | 170.97 | 0.0 | 158.13 | 8.42 | 0.0 | 106.41 | 559.74 | 0.0 | -6.41 | -107.95 | 0.0 | 3.70 | 0 | 0.0 |
| 20Q2 (3) | -0.20 | 64.29 | 0.0 | 4.98 | 127.4 | 0.0 | -0.32 | 90.39 | 0.0 | -1.84 | 68.55 | 0.0 | -1.82 | 66.73 | 0.0 | -0.98 | 63.3 | 0.0 | -0.07 | 90.28 | 0.0 | 0.22 | 10.0 | 0.0 | 3.10 | 1100.0 | 0.0 | 145.85 | -4.88 | 0.0 | 16.13 | -71.7 | 0.0 | 80.65 | 87.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.56 | -324.0 | 0.0 | 2.19 | -70.0 | 0.0 | -3.33 | -225.19 | 0.0 | -5.85 | -417.93 | 0.0 | -5.47 | -407.3 | 0.0 | -2.67 | -326.27 | 0.0 | -0.72 | -185.71 | 0.0 | 0.20 | -25.93 | 0.0 | -0.31 | -105.23 | 0.0 | 153.33 | 7.11 | 0.0 | 56.99 | -60.4 | 0.0 | 43.01 | 197.97 | 0.0 | 4.69 | 0 | 0.0 |
| 19Q4 (1) | 0.25 | 0.0 | 0.0 | 7.30 | 0.0 | 0.0 | 2.66 | 0.0 | 0.0 | 1.84 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 1.18 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 5.93 | 0.0 | 0.0 | 143.15 | 0.0 | 0.0 | 143.90 | 0.0 | 0.0 | -43.90 | 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) | -0.90 | 0 | 3.48 | -58.27 | -0.46 | 0 | 2.00 | 22.24 | -1.70 | 0 | -1.26 | 0 | -3.77 | 0 | 0.00 | 0 | 1.34 | -4.29 | 1.88 | -57.85 | 129.74 | 11.14 | 26.87 | -82.43 | 73.63 | 0 | 0.00 | 0 | 3.15 | 19.32 |
| 2022 (9) | 1.16 | -75.48 | 8.34 | -38.45 | 2.66 | -60.42 | 1.64 | 7.63 | 1.73 | -73.22 | 1.36 | -73.8 | 4.57 | -76.83 | 3.12 | -64.26 | 1.40 | -4.11 | 4.46 | -50.33 | 116.74 | -27.9 | 152.87 | 46.97 | -53.28 | 0 | 0.00 | 0 | 2.64 | -8.97 |
| 2021 (8) | 4.73 | 1719.23 | 13.55 | 98.97 | 6.72 | 348.0 | 1.52 | -45.61 | 6.46 | 959.02 | 5.19 | 861.11 | 19.72 | 1516.39 | 8.73 | 413.53 | 1.46 | 62.22 | 8.98 | 76.77 | 161.92 | 2.33 | 104.01 | -57.83 | -4.01 | 0 | 0.00 | 0 | 2.90 | -28.04 |
| 2020 (7) | 0.26 | 420.0 | 6.81 | 15.82 | 1.50 | 33.93 | 2.80 | 35.67 | 0.61 | 205.0 | 0.54 | 500.0 | 1.22 | 454.55 | 1.70 | 23.19 | 0.90 | -15.09 | 5.08 | 35.11 | 158.23 | 10.53 | 246.67 | -57.21 | -146.67 | 0 | 0.00 | 0 | 4.03 | 7.75 |
| 2019 (6) | 0.05 | -99.15 | 5.88 | 0.34 | 1.12 | 86.67 | 2.06 | 34.67 | 0.20 | -98.28 | 0.09 | -99.12 | 0.22 | -99.16 | 1.38 | -88.23 | 1.06 | -0.93 | 3.76 | -73.43 | 143.15 | 16.86 | 576.47 | 11146.83 | -476.47 | 0 | 0.01 | 3.09 | 3.74 | -0.27 |
| 2018 (5) | 5.90 | 280.65 | 5.86 | -26.47 | 0.60 | -81.31 | 1.53 | -0.87 | 11.63 | 329.15 | 10.18 | 315.51 | 26.31 | 248.48 | 11.72 | 180.38 | 1.07 | -15.08 | 14.15 | 165.48 | 122.50 | -26.5 | 5.13 | -95.66 | 94.77 | 0 | 0.01 | 0 | 3.75 | 11.61 |
| 2017 (4) | 1.55 | -34.32 | 7.97 | -24.6 | 3.21 | -36.81 | 1.54 | -20.45 | 2.71 | -37.99 | 2.45 | -34.84 | 7.55 | -33.54 | 4.18 | -36.18 | 1.26 | -9.35 | 5.33 | -28.46 | 166.66 | 36.89 | 118.10 | 1.59 | -18.10 | 0 | 0.00 | 0 | 3.36 | -8.7 |
| 2016 (3) | 2.36 | 329.09 | 10.57 | 58.71 | 5.08 | 143.06 | 1.94 | 1.06 | 4.37 | 226.12 | 3.76 | 370.0 | 11.36 | 327.07 | 6.55 | 163.05 | 1.39 | -6.08 | 7.45 | 71.66 | 121.75 | 9.87 | 116.26 | -25.89 | -16.26 | 0 | 0.00 | 0 | 3.68 | 6.05 |
| 2015 (2) | 0.55 | -54.17 | 6.66 | -11.9 | 2.09 | -33.86 | 1.92 | 8.54 | 1.34 | -37.09 | 0.80 | -50.0 | 2.66 | -55.74 | 2.49 | -36.15 | 1.48 | 1.37 | 4.34 | -16.38 | 110.81 | -20.93 | 156.86 | 5.97 | -56.86 | 0 | 0.00 | 0 | 3.47 | -2.8 |
| 2014 (1) | 1.20 | 445.45 | 7.56 | 0 | 3.16 | 0 | 1.77 | -10.76 | 2.13 | 0 | 1.60 | 0 | 6.01 | 0 | 3.90 | 0 | 1.46 | 10.61 | 5.19 | 42.98 | 140.14 | -20.46 | 148.02 | -25.99 | -48.59 | 0 | 0.00 | 0 | 3.57 | 28.42 |
