- 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) | 28.75 | 109.85 | 177.78 | 52.60 | 55.85 | 208.69 | 50.50 | 64.33 | 319.78 | 53.51 | 58.41 | 54.65 | 41.43 | 44.1 | 30.86 | 11.66 | 95.97 | 136.99 | 7.63 | 94.15 | 163.1 | 0.18 | 38.46 | 100.0 | 60.88 | 38.08 | 23.84 | 52.74 | -9.78 | -13.4 | 94.38 | 3.73 | 171.45 | 5.62 | -37.63 | -91.38 | 3.58 | -26.34 | -41.79 |
| 24Q2 (19) | 13.70 | 68.3 | 468.46 | 33.75 | 57.86 | 64.88 | 30.73 | 74.01 | 104.32 | 33.78 | 42.23 | 40.4 | 28.75 | 39.83 | 199.79 | 5.95 | 59.52 | 376.0 | 3.93 | 54.72 | 367.86 | 0.13 | 8.33 | 62.5 | 44.09 | 23.16 | 16.98 | 58.46 | 7.15 | -39.11 | 90.98 | 22.33 | 45.6 | 9.02 | -64.82 | -75.97 | 4.86 | -10.99 | -23.82 |
| 24Q1 (18) | 8.14 | 421.79 | 242.02 | 21.38 | 67.29 | -3.48 | 17.66 | 160.86 | 5.94 | 23.75 | 153.47 | -2.18 | 20.56 | 247.3 | 116.88 | 3.73 | 333.72 | 245.37 | 2.54 | 268.12 | 217.5 | 0.12 | 33.33 | 50.0 | 35.80 | 46.0 | -3.16 | 54.56 | -1.61 | 4.14 | 74.38 | 2.92 | 8.38 | 25.62 | -7.62 | -18.32 | 5.46 | -33.09 | -12.64 |
| 23Q4 (17) | 1.56 | -84.93 | -79.95 | 12.78 | -25.0 | -68.84 | 6.77 | -43.72 | -77.11 | 9.37 | -72.92 | -72.96 | 5.92 | -81.3 | -79.13 | 0.86 | -82.52 | -84.19 | 0.69 | -76.21 | -81.04 | 0.09 | 0.0 | -30.77 | 24.52 | -50.12 | -41.9 | 55.45 | -8.95 | 5.92 | 72.26 | 107.85 | -15.31 | 27.74 | -57.48 | 89.05 | 8.16 | 32.68 | -38.6 |
| 23Q3 (16) | 10.35 | 329.46 | -72.21 | 17.04 | -16.76 | -74.33 | 12.03 | -20.01 | -81.23 | 34.60 | 43.81 | -50.13 | 31.66 | 230.14 | -47.63 | 4.92 | 293.6 | -74.68 | 2.90 | 245.24 | -75.44 | 0.09 | 12.5 | -52.63 | 49.16 | 30.43 | -33.6 | 60.90 | -36.57 | 13.94 | 34.77 | -44.36 | -62.37 | 65.23 | 73.87 | 756.82 | 6.15 | -3.61 | 139.3 |
| 23Q2 (15) | 2.41 | 1.26 | -87.53 | 20.47 | -7.58 | -70.58 | 15.04 | -9.78 | -77.68 | 24.06 | -0.91 | -66.4 | 9.59 | 1.16 | -84.09 | 1.25 | 15.74 | -94.35 | 0.84 | 5.0 | -93.54 | 0.08 | 0.0 | -61.9 | 37.69 | 1.95 | -50.38 | 96.01 | 83.26 | 20.19 | 62.49 | -8.94 | -33.59 | 37.52 | 19.6 | 535.81 | 6.38 | 2.08 | 147.29 |
| 23Q1 (14) | 2.38 | -69.41 | -87.58 | 22.15 | -45.99 | -67.94 | 16.67 | -43.63 | -75.19 | 24.28 | -29.93 | -64.66 | 9.48 | -66.57 | -84.74 | 1.08 | -80.15 | -95.8 | 0.80 | -78.02 | -94.87 | 0.08 | -38.46 | -68.0 | 36.97 | -12.39 | -49.27 | 52.39 | 0.08 | -15.69 | 68.62 | -19.58 | -29.84 | 31.37 | 113.82 | 1330.48 | 6.25 | -52.97 | 184.09 |
| 22Q4 (13) | 7.78 | -79.11 | -49.45 | 41.01 | -38.21 | -37.02 | 29.57 | -53.87 | -50.27 | 34.65 | -50.06 | -43.14 | 28.36 | -53.09 | -48.67 | 5.44 | -72.0 | -80.13 | 3.64 | -69.18 | -76.21 | 0.13 | -31.58 | -51.85 | 42.20 | -43.0 | -35.38 | 52.35 | -2.06 | -26.27 | 85.33 | -7.64 | -12.55 | 14.67 | 92.7 | 504.3 | 13.29 | 417.12 | 118.23 |
| 22Q3 (12) | 37.25 | 92.71 | 145.87 | 66.37 | -4.61 | -3.81 | 64.10 | -4.88 | -4.31 | 69.38 | -3.11 | 3.41 | 60.45 | 0.27 | -0.61 | 19.43 | -12.2 | -47.44 | 11.81 | -9.15 | -35.39 | 0.19 | -9.52 | -36.67 | 74.04 | -2.51 | 3.42 | 53.45 | -33.09 | -42.16 | 92.39 | -1.82 | -7.47 | 7.61 | 29.03 | 4818.83 | 2.57 | -0.39 | 16.82 |
| 22Q2 (11) | 19.33 | 0.89 | 142.23 | 69.58 | 0.71 | 27.02 | 67.39 | 0.28 | 29.55 | 71.61 | 4.22 | 36.11 | 60.29 | -2.98 | 23.55 | 22.13 | -14.02 | -20.71 | 13.00 | -16.67 | 8.79 | 0.21 | -16.0 | -12.5 | 75.95 | 4.21 | 28.6 | 79.88 | 28.55 | -32.77 | 94.10 | -3.79 | -4.84 | 5.90 | 169.07 | 429.54 | 2.58 | 17.27 | -8.51 |
| 22Q1 (10) | 19.16 | 24.5 | 172.16 | 69.09 | 6.1 | 33.25 | 67.20 | 13.02 | 37.42 | 68.71 | 12.75 | 39.48 | 62.14 | 12.47 | 36.78 | 25.74 | -5.99 | -20.85 | 15.60 | 1.96 | 36.13 | 0.25 | -7.41 | 0.0 | 72.88 | 11.61 | 29.96 | 62.14 | -12.48 | -61.4 | 97.81 | 0.24 | -1.46 | 2.19 | -9.67 | 195.38 | 2.20 | -63.88 | -28.1 |
| 21Q4 (9) | 15.39 | 1.58 | 451.61 | 65.12 | -5.62 | 95.79 | 59.46 | -11.24 | 115.05 | 60.94 | -9.17 | 124.46 | 55.25 | -9.16 | 121.09 | 27.38 | -25.94 | 57.9 | 15.30 | -16.3 | 197.09 | 0.27 | -10.0 | 35.0 | 65.30 | -8.79 | 78.12 | 71.00 | -23.17 | -69.04 | 97.57 | -2.28 | -4.18 | 2.43 | 1468.56 | 232.44 | 6.09 | 176.82 | 12.36 |
| 21Q3 (8) | 15.15 | 89.85 | 791.18 | 69.00 | 25.96 | 182.09 | 66.99 | 28.78 | 232.46 | 67.09 | 27.52 | 248.16 | 60.82 | 24.63 | 252.78 | 36.97 | 32.46 | 212.25 | 18.28 | 52.97 | 459.02 | 0.30 | 25.0 | 76.47 | 71.59 | 21.22 | 133.73 | 92.41 | -22.22 | -67.1 | 99.85 | 0.97 | -4.54 | 0.15 | -86.11 | 103.37 | 2.20 | -21.99 | -49.31 |
| 21Q2 (7) | 7.98 | 13.35 | 1109.09 | 54.78 | 5.65 | 217.75 | 52.02 | 6.38 | 339.36 | 52.61 | 6.8 | 438.49 | 48.80 | 7.42 | 457.08 | 27.91 | -14.18 | 432.63 | 11.95 | 4.28 | 661.15 | 0.24 | -4.0 | 71.43 | 59.06 | 5.31 | 139.4 | 118.81 | -26.2 | -61.43 | 98.89 | -0.37 | -18.36 | 1.11 | 50.09 | 105.27 | 2.82 | -7.84 | 0 |
| 21Q1 (6) | 7.04 | 152.33 | 7922.22 | 51.85 | 55.89 | 665.88 | 48.90 | 76.85 | 4189.47 | 49.26 | 81.44 | 3569.01 | 45.43 | 81.79 | 2788.17 | 32.52 | 87.54 | 3319.8 | 11.46 | 122.52 | 10318.18 | 0.25 | 25.0 | 78.57 | 56.08 | 52.97 | 303.16 | 161.00 | -29.79 | -51.24 | 99.26 | -2.53 | 223.67 | 0.74 | 140.5 | -99.59 | 3.06 | -43.54 | -42.26 |
| 20Q4 (5) | 2.79 | 64.12 | 5680.0 | 33.26 | 35.98 | 352.52 | 27.65 | 37.22 | 1402.72 | 27.15 | 40.89 | 17068.75 | 24.99 | 44.95 | 3775.0 | 17.34 | 46.45 | 3953.33 | 5.15 | 57.49 | 1807.41 | 0.20 | 17.65 | 25.0 | 36.66 | 19.69 | 160.0 | 229.30 | -18.36 | -27.57 | 101.83 | -2.64 | 108.87 | -1.83 | 60.08 | -100.15 | 5.42 | 24.88 | 0 |
| 20Q3 (4) | 1.70 | 157.58 | 0.0 | 24.46 | 41.88 | 0.0 | 20.15 | 70.19 | 0.0 | 19.27 | 97.24 | 0.0 | 17.24 | 96.8 | 0.0 | 11.84 | 125.95 | 0.0 | 3.27 | 108.28 | 0.0 | 0.17 | 21.43 | 0.0 | 30.63 | 24.16 | 0.0 | 280.87 | -8.82 | 0.0 | 104.59 | -13.65 | 0.0 | -4.59 | 78.26 | 0.0 | 4.34 | 0 | 0.0 |
| 20Q2 (3) | 0.66 | 833.33 | 0.0 | 17.24 | 154.65 | 0.0 | 11.84 | 938.6 | 0.0 | 9.77 | 788.03 | 0.0 | 8.76 | 618.34 | 0.0 | 5.24 | 618.81 | 0.0 | 1.57 | 1327.27 | 0.0 | 0.14 | 0.0 | 0.0 | 24.67 | 77.35 | 0.0 | 308.03 | -6.71 | 0.0 | 121.13 | 250.92 | 0.0 | -21.13 | -111.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.09 | -80.0 | 0.0 | 6.77 | -7.89 | 0.0 | 1.14 | -38.04 | 0.0 | -1.42 | -787.5 | 0.0 | -1.69 | -148.53 | 0.0 | -1.01 | -124.44 | 0.0 | 0.11 | -59.26 | 0.0 | 0.14 | -12.5 | 0.0 | 13.91 | -1.35 | 0.0 | 330.18 | 4.29 | 0.0 | -80.26 | 93.01 | 0.0 | 180.26 | -85.54 | 0.0 | 5.30 | 0 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | 7.35 | 0.0 | 0.0 | 1.84 | 0.0 | 0.0 | -0.16 | 0.0 | 0.0 | -0.68 | 0.0 | 0.0 | -0.45 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 14.10 | 0.0 | 0.0 | 316.60 | 0.0 | 0.0 | -1148.05 | 0.0 | 0.0 | 1246.75 | 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) | 16.70 | -80.82 | 18.04 | -71.6 | 12.56 | -78.98 | 12.11 | 176.95 | 23.19 | -63.58 | 14.45 | -73.82 | 7.59 | -89.7 | 5.43 | -88.34 | 0.34 | -59.52 | 37.22 | -45.76 | 55.45 | 5.92 | 54.15 | -42.29 | 45.85 | 643.95 | 0.15 | 2.19 | 6.74 | 54.23 |
| 2022 (9) | 87.07 | 91.07 | 63.52 | 2.93 | 59.75 | 2.65 | 4.37 | -4.11 | 63.68 | 8.13 | 55.19 | 2.66 | 73.66 | -35.77 | 46.55 | -17.2 | 0.84 | -19.23 | 68.62 | 6.92 | 52.35 | -26.27 | 93.84 | -5.05 | 6.16 | 426.8 | 0.15 | -27.36 | 4.37 | 17.47 |
| 2021 (8) | 45.57 | 800.59 | 61.71 | 180.88 | 58.21 | 247.73 | 4.56 | -54.5 | 58.89 | 282.9 | 53.76 | 287.04 | 114.69 | 249.03 | 56.22 | 456.08 | 1.04 | 60.0 | 64.18 | 131.36 | 71.00 | -69.04 | 98.83 | -9.23 | 1.17 | 0 | 0.21 | -55.21 | 3.72 | -26.77 |
| 2020 (7) | 5.06 | 25200.0 | 21.97 | 188.32 | 16.74 | 586.07 | 10.03 | -6.57 | 15.38 | 3651.22 | 13.89 | 0 | 32.86 | 0 | 10.11 | 527.95 | 0.65 | -8.45 | 27.74 | 94.26 | 229.30 | -27.57 | 108.88 | -81.79 | -8.88 | 0 | 0.46 | -26.23 | 5.08 | 2.21 |
| 2019 (6) | 0.02 | -71.43 | 7.62 | 72.79 | 2.44 | 343.64 | 10.73 | 106.26 | 0.41 | -42.25 | -0.12 | 0 | -0.31 | 0 | 1.61 | 117.57 | 0.71 | -10.13 | 14.28 | 102.27 | 316.60 | 42.16 | 597.95 | 671.65 | -497.95 | 0 | 0.63 | -36.41 | 4.97 | 7.58 |
| 2018 (5) | 0.07 | -96.45 | 4.41 | -39.0 | 0.55 | -82.81 | 5.20 | 1.84 | 0.71 | -85.66 | 0.05 | -98.87 | 0.11 | -99.01 | 0.74 | -81.55 | 0.79 | 2.6 | 7.06 | -35.82 | 222.70 | 11.34 | 77.49 | 19.81 | 22.51 | -36.25 | 0.99 | 0 | 4.62 | 0.43 |
| 2017 (4) | 1.97 | 0 | 7.23 | 0 | 3.20 | 0 | 5.11 | -21.56 | 4.95 | 0 | 4.42 | 0 | 11.07 | 0 | 4.01 | 0 | 0.77 | 18.46 | 11.00 | 2291.3 | 200.02 | -21.18 | 64.68 | -27.41 | 35.31 | 223.68 | 0.00 | 0 | 4.60 | -11.88 |
| 2016 (3) | -1.88 | 0 | -2.80 | 0 | -6.31 | 0 | 6.51 | 6.37 | -7.08 | 0 | -6.88 | 0 | -14.90 | 0 | -3.94 | 0 | 0.65 | -7.14 | 0.46 | -86.35 | 253.76 | 18.41 | 89.09 | 8.43 | 10.91 | -38.83 | 0.00 | 0 | 5.22 | 7.85 |
| 2015 (2) | -1.26 | 0 | 1.21 | -76.23 | -2.87 | 0 | 6.12 | 14.58 | -3.50 | 0 | -3.54 | 0 | -7.51 | 0 | -2.06 | 0 | 0.70 | -11.39 | 3.37 | -57.61 | 214.31 | 11.97 | 82.17 | -29.77 | 17.83 | 0 | 0.00 | 0 | 4.84 | 9.26 |
| 2014 (1) | 0.33 | 0 | 5.09 | 0 | 2.60 | 0 | 5.34 | 9.69 | 2.23 | 0 | 1.41 | 0 | 3.26 | 0 | 1.36 | 0 | 0.79 | -5.95 | 7.95 | 97.27 | 191.40 | 0.28 | 117.00 | 140.51 | -17.00 | 0 | 0.00 | 0 | 4.43 | 7.0 |
