- 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) | 0.22 | -85.03 | -15.38 | 24.11 | 2.95 | 8.41 | 3.02 | 6.34 | 139.68 | 4.27 | -77.66 | 98.6 | 2.67 | -85.39 | 142.73 | 0.91 | -85.25 | 133.33 | 0.59 | -82.34 | 90.32 | 0.19 | 5.56 | 5.56 | 8.53 | -63.72 | 18.97 | 79.31 | 0.03 | -7.84 | 69.49 | 373.64 | 19.68 | 28.81 | -66.23 | -31.29 | 17.14 | 17.48 | 3.63 |
| 24Q2 (19) | 1.47 | 1370.0 | 539.13 | 23.42 | 11.58 | 8.33 | 2.84 | 199.65 | 625.93 | 19.11 | 1258.18 | 3085.94 | 18.27 | 725.68 | 1056.54 | 6.17 | 704.9 | 1034.85 | 3.34 | 914.63 | 1618.18 | 0.18 | 0.0 | 5.88 | 23.51 | 520.32 | 376.88 | 79.29 | -20.78 | -19.72 | 14.67 | -91.77 | -83.49 | 85.33 | 215.44 | 667.95 | 14.59 | -12.58 | -16.44 |
| 24Q1 (18) | 0.10 | 162.5 | -70.59 | 20.99 | 8.2 | -4.55 | -2.85 | 15.68 | -210.04 | -1.65 | 71.25 | -190.16 | -2.92 | 52.44 | -324.62 | -1.02 | 53.21 | -337.21 | -0.41 | 59.8 | -228.12 | 0.18 | -5.26 | 5.88 | 3.79 | 1503.7 | -47.58 | 100.09 | 4.92 | -1.81 | 178.26 | 203.04 | 23.79 | -73.91 | -279.5 | -84.78 | 16.69 | -0.06 | -2.0 |
| 23Q4 (17) | -0.16 | -161.54 | -141.03 | 19.40 | -12.77 | 10.23 | -3.38 | -368.25 | -96.51 | -5.74 | -366.98 | -187.37 | -6.14 | -658.18 | -897.4 | -2.18 | -658.97 | -878.57 | -1.02 | -429.03 | -543.48 | 0.19 | 5.56 | 0.0 | -0.27 | -103.77 | -102.43 | 95.40 | 10.85 | 3.26 | 58.82 | 1.31 | 322.22 | 41.18 | -1.81 | -67.19 | 16.70 | 0.97 | 5.23 |
| 23Q3 (16) | 0.26 | 13.04 | -40.91 | 22.24 | 2.87 | 33.01 | 1.26 | 333.33 | 161.46 | 2.15 | 435.94 | 326.32 | 1.10 | 157.59 | 175.34 | 0.39 | 159.09 | 172.22 | 0.31 | 240.91 | 272.22 | 0.18 | 5.88 | -5.26 | 7.17 | 45.44 | 81.52 | 86.06 | -12.87 | -5.63 | 58.06 | -34.68 | -72.78 | 41.94 | 277.42 | 137.0 | 16.54 | -5.27 | 2.92 |
| 23Q2 (15) | 0.23 | -32.35 | -50.0 | 21.62 | -1.68 | 18.66 | -0.54 | -120.85 | -74.19 | -0.64 | -134.97 | -120.71 | -1.91 | -246.92 | -191.39 | -0.66 | -253.49 | -180.49 | -0.22 | -168.75 | -144.0 | 0.17 | 0.0 | -15.0 | 4.93 | -31.81 | -36.22 | 98.77 | -3.11 | -2.11 | 88.89 | -38.27 | 1024.44 | 11.11 | 127.78 | -89.86 | 17.46 | 2.52 | 23.39 |
| 23Q1 (14) | 0.34 | -12.82 | -37.04 | 21.99 | 24.94 | 13.18 | 2.59 | 250.58 | -11.3 | 1.83 | -72.15 | -71.5 | 1.30 | 68.83 | -75.88 | 0.43 | 53.57 | -79.02 | 0.32 | 39.13 | -71.68 | 0.17 | -10.53 | -15.0 | 7.23 | -35.04 | -34.33 | 101.94 | 10.34 | 6.77 | 144.00 | 644.0 | 215.0 | -40.00 | -131.88 | -173.68 | 17.03 | 7.31 | 15.54 |
| 22Q4 (13) | 0.39 | -11.36 | 680.0 | 17.60 | 5.26 | -6.28 | -1.72 | 16.1 | -173.02 | 6.57 | 791.58 | 593.98 | 0.77 | 152.74 | 193.9 | 0.28 | 151.85 | 184.85 | 0.23 | 227.78 | 355.56 | 0.19 | 0.0 | -9.52 | 11.13 | 181.77 | 266.12 | 92.39 | 1.32 | 0.04 | -26.47 | -112.41 | -152.94 | 125.49 | 210.73 | 130.07 | 15.87 | -1.24 | 11.21 |
| 22Q3 (12) | 0.44 | -4.35 | -46.34 | 16.72 | -8.23 | -16.73 | -2.05 | -561.29 | -172.7 | -0.95 | -130.74 | -111.77 | -1.46 | -169.86 | -122.02 | -0.54 | -165.85 | -122.22 | -0.18 | -136.0 | -113.95 | 0.19 | -5.0 | 5.56 | 3.95 | -48.9 | -68.17 | 91.19 | -9.62 | -5.09 | 213.33 | 2318.67 | 513.98 | -113.33 | -203.39 | -275.96 | 16.07 | 13.57 | 10.98 |
| 22Q2 (11) | 0.46 | -14.81 | -42.5 | 18.22 | -6.23 | -12.66 | -0.31 | -110.62 | -107.24 | 3.09 | -51.87 | -71.55 | 2.09 | -61.22 | -75.73 | 0.82 | -60.0 | -75.15 | 0.50 | -55.75 | -70.06 | 0.20 | 0.0 | 11.11 | 7.73 | -29.79 | -48.43 | 100.90 | 5.68 | -2.36 | -9.62 | -121.03 | -124.56 | 109.62 | 101.92 | 80.16 | 14.15 | -4.0 | -2.75 |
| 22Q1 (10) | 0.54 | 980.0 | -28.0 | 19.43 | 3.46 | -7.34 | 2.92 | 563.49 | -64.04 | 6.42 | 582.71 | -35.54 | 5.39 | 757.32 | -37.25 | 2.05 | 721.21 | -36.14 | 1.13 | 1355.56 | -31.1 | 0.20 | -4.76 | 11.11 | 11.01 | 262.17 | -22.19 | 95.48 | 3.39 | -14.33 | 45.71 | -8.57 | -43.62 | 54.29 | -0.48 | 197.57 | 14.74 | 3.29 | 2.29 |
| 21Q4 (9) | 0.05 | -93.9 | -80.0 | 18.78 | -6.47 | -21.32 | -0.63 | -122.34 | -119.63 | -1.33 | -116.48 | -126.18 | -0.82 | -112.37 | -118.98 | -0.33 | -113.58 | -118.86 | -0.09 | -106.98 | -109.68 | 0.21 | 16.67 | 10.53 | 3.04 | -75.5 | -68.2 | 92.35 | -3.88 | -8.29 | 50.00 | 43.9 | -20.21 | 54.55 | -15.31 | 46.1 | 14.27 | -1.45 | 4.24 |
| 21Q3 (8) | 0.82 | 2.5 | 110.26 | 20.08 | -3.74 | -16.99 | 2.82 | -34.11 | -54.07 | 8.07 | -25.69 | 27.09 | 6.63 | -23.0 | 18.6 | 2.43 | -26.36 | -6.9 | 1.29 | -22.75 | 0.0 | 0.18 | 0.0 | -14.29 | 12.41 | -17.21 | 13.96 | 96.08 | -7.03 | -18.99 | 34.75 | -11.26 | -63.74 | 64.41 | 5.86 | 1961.02 | 14.48 | -0.48 | 11.04 |
| 21Q2 (7) | 0.80 | 6.67 | 175.86 | 20.86 | -0.52 | -12.21 | 4.28 | -47.29 | -32.49 | 10.86 | 9.04 | 143.5 | 8.61 | 0.23 | 129.6 | 3.30 | 2.8 | 114.29 | 1.67 | 1.83 | 103.66 | 0.18 | 0.0 | -5.26 | 14.99 | 5.94 | 49.6 | 103.34 | -7.28 | -17.28 | 39.16 | -51.71 | -72.3 | 60.84 | 233.51 | 247.04 | 14.55 | 0.97 | 0 |
| 21Q1 (6) | 0.75 | 200.0 | 3650.0 | 20.97 | -12.15 | 1.65 | 8.12 | 152.96 | 1350.0 | 9.96 | 96.06 | 3012.5 | 8.59 | 98.84 | 1927.66 | 3.21 | 83.43 | 1988.24 | 1.64 | 76.34 | 5366.67 | 0.18 | -5.26 | 5.88 | 14.15 | 48.01 | 127.86 | 111.45 | 10.68 | -2.14 | 81.08 | 29.38 | -53.67 | 18.24 | -51.13 | 124.32 | 14.41 | 5.26 | 0 |
| 20Q4 (5) | 0.25 | -35.9 | 122.94 | 23.87 | -1.32 | 10.15 | 3.21 | -47.72 | 139.58 | 5.08 | -20.0 | 137.13 | 4.32 | -22.72 | 129.43 | 1.75 | -32.95 | 129.36 | 0.93 | -27.91 | 133.57 | 0.19 | -9.52 | -5.0 | 9.56 | -12.21 | 211.81 | 100.70 | -15.09 | -7.81 | 62.67 | -34.61 | 5.6 | 37.33 | 1094.67 | -8.18 | 13.69 | 4.98 | -21.19 |
| 20Q3 (4) | 0.39 | 34.48 | 0.0 | 24.19 | 1.81 | 0.0 | 6.14 | -3.15 | 0.0 | 6.35 | 42.38 | 0.0 | 5.59 | 49.07 | 0.0 | 2.61 | 69.48 | 0.0 | 1.29 | 57.32 | 0.0 | 0.21 | 10.53 | 0.0 | 10.89 | 8.68 | 0.0 | 118.60 | -5.06 | 0.0 | 95.83 | -32.22 | 0.0 | 3.12 | 107.55 | 0.0 | 13.04 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | 1350.0 | 0.0 | 23.76 | 15.17 | 0.0 | 6.34 | 1032.14 | 0.0 | 4.46 | 1293.75 | 0.0 | 3.75 | 897.87 | 0.0 | 1.54 | 1005.88 | 0.0 | 0.82 | 2633.33 | 0.0 | 0.19 | 11.76 | 0.0 | 10.02 | 61.35 | 0.0 | 124.92 | 9.68 | 0.0 | 141.38 | -19.21 | 0.0 | -41.38 | 44.83 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.02 | 101.83 | 0.0 | 20.63 | -4.8 | 0.0 | 0.56 | 106.91 | 0.0 | 0.32 | 102.34 | 0.0 | -0.47 | 96.8 | 0.0 | -0.17 | 97.15 | 0.0 | 0.03 | 101.08 | 0.0 | 0.17 | -15.0 | 0.0 | 6.21 | 172.63 | 0.0 | 113.89 | 4.27 | 0.0 | 175.00 | 194.91 | 0.0 | -75.00 | -284.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.09 | 0.0 | 0.0 | 21.67 | 0.0 | 0.0 | -8.11 | 0.0 | 0.0 | -13.68 | 0.0 | 0.0 | -14.68 | 0.0 | 0.0 | -5.96 | 0.0 | 0.0 | -2.77 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | -8.55 | 0.0 | 0.0 | 109.23 | 0.0 | 0.0 | 59.34 | 0.0 | 0.0 | 40.66 | 0.0 | 0.0 | 17.37 | 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) | 0.66 | -63.74 | 21.29 | 18.21 | -0.06 | 0 | 4.49 | 11.77 | -0.66 | 0 | -1.47 | 0 | -2.00 | 0 | -0.60 | 0 | 0.70 | -11.39 | 4.68 | -44.55 | 95.40 | 3.26 | 10.53 | 0 | 89.47 | -16.38 | 0.99 | -0.69 | 16.92 | 11.39 |
| 2022 (9) | 1.82 | -24.79 | 18.01 | -10.53 | -0.25 | 0 | 4.02 | 10.23 | 3.79 | -43.09 | 1.74 | -68.76 | 2.63 | -68.35 | 1.72 | -62.11 | 0.79 | 3.95 | 8.44 | -22.71 | 92.39 | 0.04 | -6.58 | 0 | 107.00 | 126.74 | 1.00 | -3.78 | 15.19 | 5.34 |
| 2021 (8) | 2.42 | 152.08 | 20.13 | -13.38 | 3.52 | -16.39 | 3.64 | -14.56 | 6.66 | 55.97 | 5.57 | 58.69 | 8.31 | 56.79 | 4.54 | 50.83 | 0.76 | 2.7 | 10.92 | 17.17 | 92.35 | -8.29 | 52.81 | -46.5 | 47.19 | 3549.23 | 1.03 | -36.65 | 14.42 | 0.28 |
| 2020 (7) | 0.96 | 0 | 23.24 | 2.02 | 4.21 | 601.67 | 4.27 | -3.58 | 4.27 | 0 | 3.51 | 0 | 5.30 | 0 | 3.01 | 0 | 0.74 | -5.13 | 9.32 | 204.58 | 100.70 | -7.81 | 98.71 | 0 | 1.29 | -98.98 | 1.63 | -17.28 | 14.38 | -8.7 |
| 2019 (6) | -0.79 | 0 | 22.78 | 8.32 | 0.60 | -81.93 | 4.42 | 16.23 | -2.22 | 0 | -3.05 | 0 | -4.79 | 0 | -1.88 | 0 | 0.78 | 1.3 | 3.06 | -50.88 | 109.23 | 14.87 | -26.96 | 0 | 126.96 | 0 | 1.97 | 1764.64 | 15.75 | 3.14 |
| 2018 (5) | 0.41 | -63.39 | 21.03 | -14.06 | 3.32 | -58.03 | 3.81 | 3.44 | 1.67 | -68.31 | 0.47 | -87.76 | 0.69 | -87.94 | 0.76 | -77.71 | 0.77 | 2.67 | 6.23 | -36.49 | 95.09 | 13.11 | 198.85 | 32.41 | -98.85 | 0 | 0.11 | 3.39 | 15.27 | 8.53 |
| 2017 (4) | 1.12 | -31.29 | 24.47 | -1.65 | 7.91 | -15.04 | 3.68 | -9.26 | 5.27 | -21.81 | 3.84 | -21.95 | 5.72 | -26.19 | 3.41 | -21.61 | 0.75 | -3.85 | 9.81 | -15.79 | 84.07 | -26.28 | 150.18 | 8.91 | -50.18 | 0 | 0.10 | 0 | 14.07 | 1.37 |
| 2016 (3) | 1.63 | 45.54 | 24.88 | 2.34 | 9.31 | 30.39 | 4.06 | -18.96 | 6.74 | 9.95 | 4.92 | 8.85 | 7.75 | 41.68 | 4.35 | 25.36 | 0.78 | 16.42 | 11.65 | -3.16 | 114.04 | 27.53 | 137.90 | 18.4 | -38.19 | 0 | 0.00 | 0 | 13.88 | -18.5 |
| 2015 (2) | 1.12 | 100.0 | 24.31 | -7.6 | 7.14 | 10.53 | 5.00 | 1.91 | 6.13 | 12.68 | 4.52 | -1.09 | 5.47 | -3.53 | 3.47 | -6.97 | 0.67 | -5.63 | 12.03 | 7.89 | 89.42 | 20.11 | 116.47 | -1.95 | -16.47 | 0 | 0.00 | 0 | 17.03 | 5.58 |
| 2014 (1) | 0.56 | -62.42 | 26.31 | 0 | 6.46 | 0 | 4.91 | -5.97 | 5.44 | 0 | 4.57 | 0 | 5.67 | 0 | 3.73 | 0 | 0.71 | -4.05 | 11.15 | -23.84 | 74.45 | 2.17 | 118.78 | 65.05 | -18.78 | 0 | 0.00 | 0 | 16.13 | 12.17 |
