- 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) | 0.91 | 111.63 | 85.71 | 12.98 | -8.85 | 7.18 | 6.86 | 6.36 | 68.97 | 7.90 | 0.38 | 67.37 | 6.51 | 31.52 | 43.39 | 2.42 | 71.63 | 58.17 | 1.31 | 65.82 | 54.12 | 0.19 | 35.71 | 18.75 | 9.27 | -3.84 | 45.98 | 94.37 | -7.57 | -9.04 | 86.86 | 5.78 | 0.99 | 13.14 | -26.55 | -6.1 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.43 | -66.41 | -42.67 | 14.24 | -8.13 | 27.71 | 6.45 | -28.65 | 26.47 | 7.87 | -17.16 | -36.89 | 4.95 | -41.76 | 0.2 | 1.41 | -49.64 | 16.53 | 0.79 | -45.89 | 19.7 | 0.14 | -12.5 | 27.27 | 9.64 | -13.31 | -34.47 | 102.10 | -1.83 | -8.41 | 82.11 | -13.81 | 101.26 | 17.89 | 265.55 | -69.78 | 6.74 | 13.28 | -5.2 |
| 24Q1 (18) | 1.28 | 3.23 | 3300.0 | 15.50 | 204.52 | 61.29 | 9.04 | 1082.61 | 94.83 | 9.50 | 14.6 | 3418.52 | 8.50 | -2.97 | 1368.66 | 2.80 | -1.75 | 2645.45 | 1.46 | -2.67 | 1360.0 | 0.16 | 0.0 | 128.57 | 11.12 | 4.91 | 183.67 | 104.00 | -1.27 | -28.19 | 95.27 | 955.75 | -94.4 | 4.89 | -95.6 | 100.31 | 5.95 | 6.63 | -31.37 |
| 23Q4 (17) | 1.24 | 153.06 | 726.67 | 5.09 | -57.97 | -3.78 | -0.92 | -122.66 | -170.23 | 8.29 | 75.64 | 76.38 | 8.76 | 92.95 | 311.27 | 2.85 | 86.27 | 458.82 | 1.50 | 76.47 | 328.57 | 0.16 | 0.0 | 60.0 | 10.60 | 66.93 | 51.65 | 105.34 | 1.53 | -25.76 | -11.13 | -112.94 | -139.29 | 111.13 | 694.19 | 53.29 | 5.58 | -16.72 | 112.17 |
| 23Q3 (16) | 0.49 | -34.67 | 8.89 | 12.11 | 8.61 | 48.04 | 4.06 | -20.39 | -15.42 | 4.72 | -62.15 | -26.37 | 4.54 | -8.1 | -26.54 | 1.53 | 26.45 | -1.29 | 0.85 | 28.79 | 7.59 | 0.16 | 45.45 | 45.45 | 6.35 | -56.83 | -23.49 | 103.75 | -6.93 | -18.38 | 86.01 | 110.81 | 14.45 | 13.99 | -76.36 | -43.69 | 6.70 | -5.77 | -8.47 |
| 23Q2 (15) | 0.75 | 1975.0 | 400.0 | 11.15 | 16.02 | 47.88 | 5.10 | 9.91 | 75.26 | 12.47 | 4518.52 | 113.16 | 4.94 | 837.31 | 68.03 | 1.21 | 1200.0 | 116.07 | 0.66 | 560.0 | 88.57 | 0.11 | 57.14 | 37.5 | 14.71 | 275.26 | 75.33 | 111.47 | -23.03 | -12.49 | 40.80 | -97.6 | -17.69 | 59.20 | 103.7 | 17.38 | 7.11 | -17.99 | -19.3 |
| 23Q1 (14) | -0.04 | -126.67 | -126.67 | 9.61 | 81.66 | 80.64 | 4.64 | 254.2 | 142.93 | 0.27 | -94.26 | -91.18 | -0.67 | -131.46 | -123.84 | -0.11 | -121.57 | -120.37 | 0.10 | -71.43 | -68.75 | 0.07 | -30.0 | -12.5 | 3.92 | -43.92 | -24.62 | 144.83 | 2.06 | 13.09 | 1700.00 | 5900.0 | 2628.95 | -1600.00 | -2306.9 | -4343.48 | 8.67 | 229.66 | 0.93 |
| 22Q4 (13) | 0.15 | -66.67 | 15.38 | 5.29 | -35.33 | 23.02 | 1.31 | -72.71 | 87.14 | 4.70 | -26.68 | 219.73 | 2.13 | -65.53 | 47.92 | 0.51 | -67.1 | 10.87 | 0.35 | -55.7 | 25.0 | 0.10 | -9.09 | -28.57 | 6.99 | -15.78 | 151.44 | 141.90 | 11.64 | 2.53 | 28.33 | -62.3 | -39.64 | 72.50 | 191.73 | 36.63 | 2.63 | -64.07 | -54.66 |
| 22Q3 (12) | 0.45 | 200.0 | 175.0 | 8.18 | 8.49 | -7.67 | 4.80 | 64.95 | -6.98 | 6.41 | 9.57 | 219.59 | 6.18 | 110.2 | 180.36 | 1.55 | 176.79 | 177.5 | 0.79 | 125.71 | 211.27 | 0.11 | 37.5 | 0.0 | 8.30 | -1.07 | 351.52 | 127.11 | -0.21 | -6.07 | 75.15 | 51.61 | 178.39 | 24.85 | -50.72 | -87.31 | 7.32 | -16.91 | 4.27 |
| 22Q2 (11) | 0.15 | 0.0 | -91.89 | 7.54 | 41.73 | 8.8 | 2.91 | 52.36 | 16.87 | 5.85 | 91.18 | -74.54 | 2.94 | 4.63 | -86.62 | 0.56 | 3.7 | -91.53 | 0.35 | 9.37 | -87.5 | 0.08 | 0.0 | -33.33 | 8.39 | 61.35 | -66.06 | 127.38 | -0.54 | -11.24 | 49.57 | -20.43 | 354.46 | 50.43 | 33.76 | -43.39 | 8.81 | 2.56 | -8.32 |
| 22Q1 (10) | 0.15 | 15.38 | -86.24 | 5.32 | 23.72 | -41.98 | 1.91 | 172.86 | -48.52 | 3.06 | 108.16 | -82.6 | 2.81 | 95.14 | -83.29 | 0.54 | 17.39 | -86.76 | 0.32 | 14.29 | -81.61 | 0.08 | -42.86 | -20.0 | 5.20 | 87.05 | -73.74 | 128.07 | -7.46 | -13.59 | 62.30 | 32.72 | 196.44 | 37.70 | -28.94 | -52.26 | 8.59 | 48.1 | -16.52 |
| 21Q4 (9) | 0.13 | 121.67 | -96.48 | 4.30 | -51.47 | -43.79 | 0.70 | -86.43 | -72.11 | 1.47 | 127.43 | -96.14 | 1.44 | 118.73 | -96.19 | 0.46 | 123.0 | -96.93 | 0.28 | 139.44 | -95.29 | 0.14 | 27.27 | -6.67 | 2.78 | 184.24 | -92.97 | 138.40 | 2.28 | -10.22 | 46.94 | 148.96 | 613.05 | 53.06 | -72.91 | -43.2 | 5.80 | -17.38 | -31.03 |
| 21Q3 (8) | -0.60 | -132.43 | 38.78 | 8.86 | 27.85 | 4.85 | 5.16 | 107.23 | -3.01 | -5.36 | -123.32 | 51.67 | -7.69 | -135.0 | 36.45 | -2.00 | -130.26 | 49.87 | -0.71 | -125.36 | 54.49 | 0.11 | -8.33 | -21.43 | -3.30 | -113.35 | 65.52 | 135.32 | -5.71 | -15.32 | -95.86 | -978.94 | -100.14 | 195.86 | 119.84 | 32.14 | 7.02 | -26.95 | -14.18 |
| 21Q2 (7) | 1.85 | 69.72 | 285.42 | 6.93 | -24.43 | 12.14 | 2.49 | -32.88 | -9.78 | 22.98 | 30.64 | 180.24 | 21.97 | 30.62 | 248.73 | 6.61 | 62.01 | 213.27 | 2.80 | 60.92 | 156.88 | 0.12 | 20.0 | -25.0 | 24.72 | 24.85 | 156.17 | 143.51 | -3.18 | 24.48 | 10.91 | -48.1 | -67.56 | 89.09 | 12.8 | 34.22 | 9.61 | -6.61 | 0 |
| 21Q1 (6) | 1.09 | -70.46 | 826.67 | 9.17 | 19.87 | 50.82 | 3.71 | 47.81 | 176.87 | 17.59 | -53.83 | 753.9 | 16.82 | -55.48 | 609.7 | 4.08 | -72.78 | 747.62 | 1.74 | -70.76 | 1066.67 | 0.10 | -33.33 | 11.11 | 19.80 | -49.96 | 10521.05 | 148.22 | -3.85 | 29.3 | 21.01 | 219.23 | 141.07 | 78.99 | -15.45 | -47.75 | 10.29 | 22.35 | 0 |
| 20Q4 (5) | 3.69 | 476.53 | 419.72 | 7.65 | -9.47 | 63.11 | 2.51 | -52.82 | 58.86 | 38.10 | 443.55 | 385.35 | 37.78 | 412.23 | 347.63 | 14.99 | 475.69 | 299.73 | 5.95 | 481.41 | 214.81 | 0.15 | 7.14 | -28.57 | 39.57 | 513.48 | 339.18 | 154.15 | -3.54 | 30.49 | 6.58 | 113.74 | -67.19 | 93.42 | -36.97 | 16.87 | 8.41 | 2.81 | 0 |
| 20Q3 (4) | -0.98 | -304.17 | 0.0 | 8.45 | 36.73 | 0.0 | 5.32 | 92.75 | 0.0 | -11.09 | -235.24 | 0.0 | -12.10 | -292.06 | 0.0 | -3.99 | -289.1 | 0.0 | -1.56 | -243.12 | 0.0 | 0.14 | -12.5 | 0.0 | -9.57 | -199.17 | 0.0 | 159.81 | 38.62 | 0.0 | -47.90 | -242.46 | 0.0 | 148.22 | 123.29 | 0.0 | 8.18 | 0 | 0.0 |
| 20Q2 (3) | 0.48 | 420.0 | 0.0 | 6.18 | 1.64 | 0.0 | 2.76 | 105.97 | 0.0 | 8.20 | 404.83 | 0.0 | 6.30 | 290.91 | 0.0 | 2.11 | 434.92 | 0.0 | 1.09 | 705.56 | 0.0 | 0.16 | 77.78 | 0.0 | 9.65 | 5178.95 | 0.0 | 115.29 | 0.58 | 0.0 | 33.62 | 165.71 | 0.0 | 66.38 | -56.09 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.15 | -121.13 | 0.0 | 6.08 | 29.64 | 0.0 | 1.34 | -15.19 | 0.0 | -2.69 | -134.27 | 0.0 | -3.30 | -139.1 | 0.0 | -0.63 | -116.8 | 0.0 | -0.18 | -109.52 | 0.0 | 0.09 | -57.14 | 0.0 | -0.19 | -102.11 | 0.0 | 114.63 | -2.96 | 0.0 | -51.16 | -354.99 | 0.0 | 151.16 | 89.11 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.71 | 0.0 | 0.0 | 4.69 | 0.0 | 0.0 | 1.58 | 0.0 | 0.0 | 7.85 | 0.0 | 0.0 | 8.44 | 0.0 | 0.0 | 3.75 | 0.0 | 0.0 | 1.89 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 9.01 | 0.0 | 0.0 | 118.13 | 0.0 | 0.0 | 20.06 | 0.0 | 0.0 | 79.94 | 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) | 2.44 | 168.13 | 9.22 | 39.49 | 2.60 | -6.81 | 1.02 | 45.49 | 7.07 | 39.17 | 5.55 | 53.31 | 6.47 | 104.75 | 3.46 | 100.0 | 0.53 | 47.22 | 9.27 | 27.86 | 105.34 | -25.76 | 36.83 | -32.97 | 63.17 | 40.19 | 1.77 | 438.69 | 6.60 | -0.15 |
| 2022 (9) | 0.91 | -62.86 | 6.61 | -6.77 | 2.79 | -2.11 | 0.70 | 42.42 | 5.08 | -43.3 | 3.62 | -54.58 | 3.16 | -65.61 | 1.73 | -58.71 | 0.36 | -23.4 | 7.25 | -32.56 | 141.90 | 2.53 | 54.94 | 72.56 | 45.06 | -33.79 | 0.33 | -7.47 | 6.61 | -17.79 |
| 2021 (8) | 2.45 | -19.67 | 7.09 | -2.07 | 2.85 | -8.95 | 0.49 | -3.97 | 8.96 | -21.61 | 7.97 | -23.88 | 9.19 | -26.24 | 4.19 | -26.1 | 0.47 | -6.0 | 10.75 | -17.69 | 138.40 | -10.22 | 31.84 | 16.39 | 68.07 | -6.2 | 0.36 | 0.11 | 8.04 | 1.77 |
| 2020 (7) | 3.05 | 63.1 | 7.24 | 45.09 | 3.13 | 172.17 | 0.51 | -6.97 | 11.43 | -4.43 | 10.47 | 9.75 | 12.46 | 25.35 | 5.67 | -8.7 | 0.50 | -15.25 | 13.06 | -4.95 | 154.15 | 30.49 | 27.35 | 184.28 | 72.56 | -19.71 | 0.35 | -19.98 | 7.90 | 15.16 |
| 2019 (6) | 1.87 | 3640.0 | 4.99 | -88.22 | 1.15 | 0 | 0.55 | -94.41 | 11.96 | -88.37 | 9.54 | -57.43 | 9.94 | 3581.48 | 6.21 | 901.61 | 0.59 | 5800.0 | 13.74 | -92.71 | 118.13 | 227.05 | 9.62 | 0 | 90.38 | -52.1 | 0.44 | 1299.71 | 6.86 | -84.23 |
| 2018 (5) | 0.05 | -97.95 | 42.36 | -21.83 | -90.58 | 0 | 9.82 | -60.71 | 102.81 | -96.69 | 22.41 | -99.19 | 0.27 | -97.97 | 0.62 | -93.33 | 0.01 | 0 | 188.39 | -94.22 | 36.12 | -9.81 | -87.83 | 0 | 188.70 | 62.44 | 0.03 | -28.56 | 43.50 | -85.21 |
| 2017 (4) | 2.44 | 238.89 | 54.19 | -39.67 | -499.60 | 0 | 25.00 | 401.35 | 3101.62 | 5618.33 | 2768.30 | 5139.02 | 13.28 | 182.55 | 9.29 | 166.95 | 0.00 | 0 | 3259.09 | 4454.35 | 40.05 | -32.85 | -16.09 | 0 | 116.16 | 0 | 0.04 | 0 | 294.08 | 2126.19 |
| 2016 (3) | 0.72 | 60.0 | 89.83 | 19.76 | 63.05 | 0 | 4.99 | -98.14 | 54.24 | -78.28 | 52.84 | 0 | 4.70 | 13.8 | 3.48 | 1481.82 | 0.06 | 0 | 71.56 | -87.24 | 59.64 | -2.8 | 116.13 | 0 | -16.13 | 0 | 0.00 | 0 | 13.21 | -99.03 |
| 2015 (2) | 0.45 | -53.61 | 75.01 | 11.86 | -14.83 | 0 | 267.42 | -28.39 | 249.72 | 0 | -104.41 | 0 | 4.13 | 0 | 0.22 | 0 | 0.00 | 0 | 560.63 | 53.63 | 61.36 | -97.91 | -5.98 | 0 | 105.98 | 79.88 | 0.00 | 0 | 1356.19 | -41.8 |
| 2014 (1) | 0.97 | 94.0 | 67.06 | 0 | -24.93 | 0 | 373.46 | 35312.86 | -60.80 | 0 | 776.70 | 0 | -0.77 | 0 | -0.01 | 0 | 0.00 | 0 | 364.93 | 13619.17 | 2931.08 | -5.31 | 41.09 | 0 | 58.91 | -76.82 | 0.00 | 0 | 2330.32 | 35531.8 |
