- 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) | 3.30 | 34.69 | 587.5 | 41.36 | -2.45 | 4.6 | 32.74 | 10.57 | 33.36 | 28.13 | 17.11 | 40.65 | 24.32 | -0.41 | 31.11 | 8.54 | 28.81 | 477.03 | 2.35 | 30.56 | 327.27 | 0.08 | 33.33 | 300.0 | 34.79 | 10.83 | -19.84 | 306.16 | -8.79 | -20.6 | 116.39 | -5.6 | -4.88 | -16.39 | 29.64 | 28.57 | 2.76 | -0.72 | -66.34 |
| 24Q2 (19) | 2.45 | 33.88 | 669.77 | 42.40 | -1.1 | 61.03 | 29.61 | -11.4 | 415.67 | 24.02 | -9.83 | 205.63 | 24.42 | -0.85 | 204.09 | 6.63 | 30.51 | 630.4 | 1.80 | 32.35 | 4600.0 | 0.06 | 20.0 | 500.0 | 31.39 | -11.1 | 239.72 | 335.66 | -3.04 | -13.45 | 123.29 | -1.76 | 198.49 | -23.29 | 8.67 | -139.68 | 2.78 | -30.5 | -75.2 |
| 24Q1 (18) | 1.83 | -25.61 | 1116.67 | 42.87 | -5.41 | 10.95 | 33.42 | -11.7 | 164.4 | 26.64 | -23.25 | 362.72 | 24.63 | -16.96 | 334.57 | 5.08 | -30.22 | 1136.73 | 1.36 | -23.6 | 946.15 | 0.05 | 0.0 | 400.0 | 35.31 | -16.84 | 40.51 | 346.20 | -6.13 | 9.57 | 125.50 | 15.02 | 201.1 | -25.50 | -179.93 | -111.38 | 4.00 | 3.09 | -71.14 |
| 23Q4 (17) | 2.46 | 412.5 | 392.0 | 45.32 | 14.62 | 26.1 | 37.85 | 54.18 | 84.01 | 34.71 | 73.55 | 140.21 | 29.66 | 59.89 | 126.41 | 7.28 | 391.89 | 439.26 | 1.78 | 223.64 | 217.86 | 0.05 | 150.0 | 150.0 | 42.46 | -2.17 | 44.47 | 368.82 | -4.35 | 16.91 | 109.11 | -10.82 | -23.45 | -9.11 | 60.29 | 78.59 | 3.88 | -52.68 | -51.07 |
| 23Q3 (16) | 0.48 | 211.63 | -51.02 | 39.54 | 50.17 | 8.78 | 24.55 | 361.73 | 2.59 | 20.00 | 187.95 | 11.42 | 18.55 | 179.07 | 4.57 | 1.48 | 218.4 | -44.98 | 0.55 | 1475.0 | -36.78 | 0.02 | 100.0 | -50.0 | 43.40 | 369.7 | 53.36 | 385.60 | -0.57 | 24.54 | 122.35 | 196.22 | -8.31 | -22.94 | -139.08 | 31.39 | 8.20 | -26.85 | 78.26 |
| 23Q2 (15) | -0.43 | -138.89 | -136.44 | 26.33 | -31.86 | -39.28 | -9.38 | -174.21 | -135.86 | -22.74 | -124.26 | -200.26 | -23.46 | -123.43 | -215.0 | -1.25 | -155.1 | -140.72 | -0.04 | -130.77 | -104.12 | 0.01 | 0.0 | -75.0 | 9.24 | -63.23 | -70.83 | 387.81 | 22.74 | 19.16 | 41.30 | 133.27 | -64.2 | 58.70 | -73.81 | 481.52 | 11.21 | -19.12 | 224.93 |
| 23Q1 (14) | -0.18 | -136.0 | -105.75 | 38.64 | 7.51 | -25.35 | 12.64 | -38.55 | -67.59 | -10.14 | -170.17 | -120.83 | -10.50 | -180.15 | -121.73 | -0.49 | -136.3 | -106.16 | 0.13 | -76.79 | -94.32 | 0.01 | -50.0 | -75.0 | 25.13 | -14.49 | -55.24 | 315.97 | 0.16 | 15.45 | -124.14 | -187.09 | -254.84 | 224.14 | 626.87 | 1025.04 | 13.86 | 74.78 | 177.2 |
| 22Q4 (13) | 0.50 | -48.98 | -88.66 | 35.94 | -1.13 | -30.99 | 20.57 | -14.04 | -54.03 | 14.45 | -19.5 | -66.4 | 13.10 | -26.16 | -68.54 | 1.35 | -49.81 | -89.1 | 0.56 | -35.63 | -83.18 | 0.02 | -50.0 | -75.0 | 29.39 | 3.85 | -37.84 | 315.47 | 1.89 | 11.38 | 142.54 | 6.82 | 37.03 | -42.54 | -27.23 | -958.57 | 7.93 | 72.39 | 137.43 |
| 22Q3 (12) | 0.98 | -16.95 | 476.92 | 36.35 | -16.17 | -7.76 | 23.93 | -8.52 | -8.91 | 17.95 | -20.86 | 380.91 | 17.74 | -13.04 | 349.51 | 2.69 | -12.38 | 468.49 | 0.87 | -10.31 | 4450.0 | 0.04 | 0.0 | 33.33 | 28.30 | -10.67 | 435.98 | 309.61 | -4.86 | 2.18 | 133.44 | 15.64 | 132.31 | -33.44 | -117.34 | -106.5 | 4.60 | 33.33 | -7.07 |
| 22Q2 (11) | 1.18 | -62.3 | -55.13 | 43.36 | -16.23 | -9.72 | 26.16 | -32.92 | -21.42 | 22.68 | -53.41 | -46.64 | 20.40 | -57.77 | -51.64 | 3.07 | -61.38 | -57.0 | 0.97 | -57.64 | -55.09 | 0.04 | 0.0 | -20.0 | 31.68 | -43.57 | -35.73 | 325.44 | 18.91 | 29.3 | 115.38 | 43.92 | 47.24 | -15.38 | -177.22 | -171.11 | 3.45 | -31.0 | 17.35 |
| 22Q1 (10) | 3.13 | -29.02 | 360.29 | 51.76 | -0.61 | 25.39 | 39.00 | -12.85 | 47.45 | 48.68 | 13.18 | 138.39 | 48.31 | 16.02 | 141.43 | 7.95 | -35.78 | 307.69 | 2.29 | -31.23 | 227.14 | 0.04 | -50.0 | 33.33 | 56.14 | 18.74 | 74.95 | 273.68 | -3.38 | 3.02 | 80.17 | -22.92 | -38.18 | 19.92 | 595.74 | 167.09 | 5.00 | 49.7 | -20.76 |
| 21Q4 (9) | 4.41 | 1796.15 | 202.05 | 52.08 | 32.15 | 29.07 | 44.75 | 70.35 | 85.68 | 43.01 | 773.08 | 104.91 | 41.64 | 685.65 | 55.03 | 12.38 | 1795.89 | 189.93 | 3.33 | 16750.0 | 150.38 | 0.08 | 166.67 | 100.0 | 47.28 | 795.45 | 69.28 | 283.24 | -6.52 | 7.49 | 104.02 | 125.19 | -9.35 | -4.02 | -100.78 | 72.75 | 3.34 | -32.53 | -26.27 |
| 21Q3 (8) | -0.26 | -109.89 | -108.64 | 39.41 | -17.95 | -23.86 | 26.27 | -21.09 | -43.4 | -6.39 | -115.04 | -114.62 | -7.11 | -116.86 | -118.17 | -0.73 | -110.22 | -107.75 | -0.02 | -100.93 | -100.78 | 0.03 | -40.0 | -50.0 | 5.28 | -89.29 | -89.13 | 303.01 | 20.39 | 11.97 | -412.99 | -627.0 | -488.96 | 514.29 | 2277.2 | 8426.89 | 4.95 | 68.37 | 61.76 |
| 21Q2 (7) | 2.63 | 286.76 | 471.74 | 48.03 | 16.35 | 27.37 | 33.29 | 25.86 | 88.61 | 42.50 | 108.13 | 203.57 | 42.18 | 110.79 | 209.92 | 7.14 | 266.15 | 376.0 | 2.16 | 208.57 | 300.0 | 0.05 | 66.67 | 66.67 | 49.29 | 53.6 | 96.61 | 251.70 | -5.25 | -20.87 | 78.37 | -39.58 | -37.63 | 21.63 | 172.86 | 182.31 | 2.94 | -53.41 | 0 |
| 21Q1 (6) | 0.68 | -53.42 | 65.85 | 41.28 | 2.3 | 0.73 | 26.45 | 9.75 | -1.12 | 20.42 | -2.72 | 57.32 | 20.01 | -25.5 | 57.81 | 1.95 | -54.33 | 48.85 | 0.70 | -47.37 | 27.27 | 0.03 | -25.0 | 0.0 | 32.09 | 14.89 | 18.54 | 265.65 | 0.81 | -9.51 | 129.69 | 13.03 | -37.23 | -29.69 | -101.38 | 71.96 | 6.31 | 39.29 | 6.95 |
| 20Q4 (5) | 1.46 | -51.5 | 180.77 | 40.35 | -22.04 | 14.31 | 24.10 | -48.07 | 16.59 | 20.99 | -51.98 | 42.4 | 26.86 | -31.34 | 92.54 | 4.27 | -54.67 | 149.71 | 1.33 | -48.05 | 111.11 | 0.04 | -33.33 | 33.33 | 27.93 | -42.5 | 6.36 | 263.51 | -2.63 | -12.04 | 114.75 | 8.07 | -17.91 | -14.75 | -138.74 | 63.44 | 4.53 | 48.04 | 0 |
| 20Q3 (4) | 3.01 | 554.35 | 0.0 | 51.76 | 37.26 | 0.0 | 46.41 | 162.95 | 0.0 | 43.71 | 212.21 | 0.0 | 39.12 | 187.44 | 0.0 | 9.42 | 528.0 | 0.0 | 2.56 | 374.07 | 0.0 | 0.06 | 100.0 | 0.0 | 48.57 | 93.74 | 0.0 | 270.62 | -14.92 | 0.0 | 106.18 | -15.49 | 0.0 | -6.18 | 76.5 | 0.0 | 3.06 | 0 | 0.0 |
| 20Q2 (3) | 0.46 | 12.2 | 0.0 | 37.71 | -7.98 | 0.0 | 17.65 | -34.02 | 0.0 | 14.00 | 7.86 | 0.0 | 13.61 | 7.33 | 0.0 | 1.50 | 14.5 | 0.0 | 0.54 | -1.82 | 0.0 | 0.03 | 0.0 | 0.0 | 25.07 | -7.39 | 0.0 | 318.09 | 8.35 | 0.0 | 125.64 | -39.19 | 0.0 | -26.28 | 75.18 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.41 | -21.15 | 0.0 | 40.98 | 16.09 | 0.0 | 26.75 | 29.41 | 0.0 | 12.98 | -11.94 | 0.0 | 12.68 | -9.1 | 0.0 | 1.31 | -23.39 | 0.0 | 0.55 | -12.7 | 0.0 | 0.03 | 0.0 | 0.0 | 27.07 | 3.08 | 0.0 | 293.57 | -2.01 | 0.0 | 206.62 | 47.82 | 0.0 | -105.88 | -162.53 | 0.0 | 5.90 | 0 | 0.0 |
| 19Q4 (1) | 0.52 | 0.0 | 0.0 | 35.30 | 0.0 | 0.0 | 20.67 | 0.0 | 0.0 | 14.74 | 0.0 | 0.0 | 13.95 | 0.0 | 0.0 | 1.71 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 26.26 | 0.0 | 0.0 | 299.58 | 0.0 | 0.0 | 139.78 | 0.0 | 0.0 | -40.33 | 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) | 2.32 | -59.86 | 41.06 | -4.02 | 26.41 | -7.2 | 3.52 | 42.14 | 19.34 | -30.51 | 16.05 | -40.16 | 6.43 | -58.25 | 2.43 | -48.41 | 0.09 | -35.71 | 36.28 | -3.97 | 368.82 | 16.91 | 136.49 | 33.44 | -36.49 | 0 | 0.00 | -5.62 | 6.79 | 35.8 |
| 2022 (9) | 5.78 | -22.52 | 42.78 | -9.99 | 28.46 | -21.58 | 2.48 | 11.05 | 27.83 | -13.09 | 26.82 | -13.93 | 15.40 | -25.02 | 4.71 | -23.79 | 0.14 | -22.22 | 37.78 | -3.45 | 315.47 | 11.38 | 102.29 | -9.74 | -2.29 | 0 | 0.00 | -53.25 | 5.00 | 27.88 |
| 2021 (8) | 7.46 | 39.96 | 47.53 | 6.93 | 36.29 | 12.98 | 2.23 | -5.31 | 32.02 | 17.12 | 31.16 | 15.19 | 20.54 | 26.4 | 6.18 | 24.1 | 0.18 | 12.5 | 39.13 | 10.66 | 283.24 | 7.49 | 113.33 | -3.56 | -13.33 | 0 | 0.00 | -65.03 | 3.91 | -8.86 |
| 2020 (7) | 5.33 | 13225.0 | 44.45 | 36.43 | 32.12 | 171.28 | 2.35 | -50.21 | 27.34 | 1427.37 | 27.05 | 5911.11 | 16.25 | 11507.14 | 4.98 | 530.38 | 0.16 | 100.0 | 35.36 | 91.97 | 263.51 | -12.04 | 117.51 | -82.28 | -17.45 | 0 | 0.01 | -39.44 | 4.29 | -44.5 |
| 2019 (6) | 0.04 | -98.46 | 32.58 | -16.33 | 11.84 | -34.59 | 4.73 | 244.66 | 1.79 | -93.87 | 0.45 | -98.37 | 0.14 | -98.27 | 0.79 | -72.28 | 0.08 | 0.0 | 18.42 | -56.76 | 299.58 | 10.76 | 663.16 | 970.15 | -563.16 | 0 | 0.02 | -12.88 | 7.73 | 14.01 |
| 2018 (5) | 2.59 | 270.0 | 38.94 | 27.63 | 18.10 | 78.33 | 1.37 | 156.84 | 29.21 | 1659.64 | 27.68 | 263.25 | 8.10 | 285.71 | 2.85 | 120.93 | 0.08 | 0.0 | 42.60 | 227.19 | 270.47 | -6.45 | 61.97 | -89.81 | 38.03 | 0 | 0.02 | 811.36 | 6.78 | 51.68 |
| 2017 (4) | 0.70 | -88.35 | 30.51 | 15.13 | 10.15 | -52.03 | 0.53 | 345.91 | 1.66 | -90.68 | 7.62 | -48.3 | 2.10 | -88.56 | 1.29 | -76.2 | 0.08 | -75.76 | 13.02 | -34.83 | 289.11 | 30.62 | 608.00 | 411.83 | -508.00 | 0 | 0.00 | 0 | 4.47 | 226.28 |
| 2016 (3) | 6.01 | 2046.43 | 26.50 | -37.1 | 21.16 | 24.62 | 0.12 | -82.16 | 17.82 | 154.21 | 14.74 | 190.16 | 18.35 | 2033.72 | 5.42 | 674.29 | 0.33 | 725.0 | 19.98 | -18.48 | 221.33 | -35.52 | 118.79 | -50.99 | -18.79 | 0 | 0.00 | 0 | 1.37 | -85.71 |
| 2015 (2) | 0.28 | -95.0 | 42.13 | -28.93 | 16.98 | -61.06 | 0.67 | 160.44 | 7.01 | -82.97 | 5.08 | -87.12 | 0.86 | -94.9 | 0.70 | -86.41 | 0.04 | -66.67 | 24.51 | -49.05 | 343.27 | 26.49 | 242.40 | 128.78 | -142.40 | 0 | 0.00 | 0 | 9.59 | 133.9 |
| 2014 (1) | 5.60 | 11.11 | 59.28 | 0 | 43.60 | 0 | 0.26 | 65.6 | 41.16 | 0 | 39.44 | 0 | 16.85 | 0 | 5.15 | 0 | 0.12 | -14.29 | 48.11 | 10.95 | 271.38 | 4.03 | 105.95 | -2.23 | -5.95 | 0 | 0.00 | 0 | 4.10 | 15.82 |
