- 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) | 8.12 | 104.02 | 915.0 | 47.52 | 50.43 | 2695.29 | 44.36 | 65.09 | 1273.54 | 48.79 | 49.39 | 433.22 | 39.04 | 47.04 | 386.78 | 9.11 | 92.6 | 784.47 | 6.83 | 93.48 | 787.01 | 0.17 | 30.77 | 112.5 | 56.24 | 30.97 | 121.94 | 33.14 | -10.29 | -29.26 | 90.91 | 10.49 | 320.14 | 9.09 | -48.7 | -93.57 | 4.44 | -26.0 | -33.93 |
| 24Q2 (19) | 3.98 | 47.96 | 10050.0 | 31.59 | 36.99 | 211.85 | 26.87 | 49.19 | 498.44 | 32.66 | 23.06 | 85.99 | 26.55 | 23.03 | 66475.0 | 4.73 | 42.04 | 0 | 3.53 | 42.91 | 3430.0 | 0.13 | 18.18 | 85.71 | 42.94 | 9.91 | 25.92 | 36.94 | -4.55 | -49.12 | 82.28 | 21.27 | 222.17 | 17.72 | -44.89 | -76.21 | 6.00 | -7.83 | -16.32 |
| 24Q1 (18) | 2.69 | 827.03 | 177.32 | 23.06 | 663.81 | 149.3 | 18.01 | 275.88 | 352.51 | 26.54 | 466.57 | 132.2 | 21.58 | 664.92 | 130.31 | 3.33 | 840.0 | 233.0 | 2.47 | 1400.0 | 216.67 | 0.11 | 37.5 | 57.14 | 39.07 | 291.48 | 43.96 | 38.70 | -6.48 | -14.68 | 67.85 | -52.01 | 95.06 | 32.15 | 177.67 | -50.7 | 6.51 | -11.79 | -1.36 |
| 23Q4 (17) | -0.37 | -146.25 | -108.77 | -4.09 | -340.59 | -111.08 | -10.24 | -170.9 | -131.59 | -7.24 | -179.13 | -122.96 | -3.82 | -147.63 | -115.45 | -0.45 | -143.69 | -110.25 | -0.19 | -124.68 | -106.25 | 0.08 | 0.0 | -33.33 | 9.98 | -60.62 | -75.93 | 41.38 | -11.68 | -13.45 | 141.39 | 442.38 | 37.55 | -41.39 | -129.29 | -1381.74 | 7.38 | 9.82 | 13.89 |
| 23Q3 (16) | 0.80 | 2100.0 | -94.39 | 1.70 | -83.22 | -97.18 | -3.78 | -184.19 | -106.5 | 9.15 | -47.89 | -85.45 | 8.02 | 20150.0 | -83.95 | 1.03 | 0 | -93.68 | 0.77 | 670.0 | -92.23 | 0.08 | 14.29 | -60.0 | 25.34 | -25.69 | -63.07 | 46.85 | -35.47 | -9.4 | -41.30 | -261.69 | -144.68 | 141.30 | 89.76 | 1765.96 | 6.72 | -6.28 | 120.33 |
| 23Q2 (15) | -0.04 | -104.12 | -100.25 | 10.13 | 9.51 | -84.7 | 4.49 | 12.81 | -93.07 | 17.56 | 53.63 | -74.52 | -0.04 | -100.43 | -100.08 | 0.00 | -100.0 | -100.0 | 0.10 | -87.18 | -99.13 | 0.07 | 0.0 | -68.18 | 34.10 | 25.64 | -53.89 | 72.60 | 60.05 | -12.64 | 25.54 | -26.58 | -72.85 | 74.46 | 14.18 | 1155.23 | 7.17 | 8.64 | 124.06 |
| 23Q1 (14) | 0.97 | -77.01 | -94.41 | 9.25 | -74.94 | -86.89 | 3.98 | -87.72 | -94.13 | 11.43 | -63.75 | -84.06 | 9.37 | -62.11 | -83.52 | 1.00 | -77.22 | -95.64 | 0.78 | -74.34 | -94.6 | 0.07 | -41.67 | -72.0 | 27.14 | -34.56 | -64.6 | 45.36 | -5.12 | -19.94 | 34.78 | -66.16 | -63.18 | 65.22 | 2434.54 | 1081.56 | 6.60 | 1.85 | 70.54 |
| 22Q4 (13) | 4.22 | -70.39 | -74.16 | 36.91 | -38.86 | -47.76 | 32.42 | -44.22 | -52.05 | 31.53 | -49.86 | -52.97 | 24.73 | -50.5 | -54.25 | 4.39 | -73.07 | -83.65 | 3.04 | -69.32 | -80.67 | 0.12 | -40.0 | -58.62 | 41.47 | -39.57 | -42.52 | 47.81 | -7.54 | -25.36 | 102.79 | 11.22 | 1.92 | -2.79 | -136.89 | -224.26 | 6.48 | 112.46 | 63.22 |
| 22Q3 (12) | 14.25 | -10.38 | -2.8 | 60.37 | -8.83 | -11.02 | 58.12 | -10.34 | -11.27 | 62.89 | -8.74 | -4.23 | 49.96 | -1.73 | -6.3 | 16.30 | -15.85 | -55.31 | 9.91 | -13.98 | -45.28 | 0.20 | -9.09 | -41.18 | 68.62 | -7.21 | -3.26 | 51.71 | -37.77 | -37.64 | 92.43 | -1.75 | -7.33 | 7.57 | 27.65 | 2794.43 | 3.05 | -4.69 | 4.81 |
| 22Q2 (11) | 15.90 | -8.36 | 53.47 | 66.22 | -6.18 | 10.05 | 64.82 | -4.34 | 12.15 | 68.91 | -3.92 | 19.74 | 50.84 | -10.6 | 7.6 | 19.37 | -15.56 | -54.54 | 11.52 | -20.28 | -26.39 | 0.22 | -12.0 | -33.33 | 73.95 | -3.55 | 15.15 | 83.10 | 46.66 | -40.63 | 94.07 | -0.43 | -6.33 | 5.93 | 7.47 | 1505.37 | 3.20 | -17.31 | 6.67 |
| 22Q1 (10) | 17.35 | 6.25 | 131.64 | 70.58 | -0.1 | 38.53 | 67.76 | 0.22 | 45.1 | 71.72 | 6.98 | 55.71 | 56.87 | 5.22 | 44.05 | 22.94 | -14.56 | -53.92 | 14.45 | -8.14 | 16.06 | 0.25 | -13.79 | -19.35 | 76.67 | 6.26 | 42.03 | 56.66 | -11.54 | -75.83 | 94.48 | -6.33 | -6.82 | 5.52 | 740.67 | 494.84 | 3.87 | -2.52 | -25.43 |
| 21Q4 (9) | 16.33 | 11.39 | 328.61 | 70.65 | 4.13 | 95.17 | 67.61 | 3.22 | 115.25 | 67.04 | 2.09 | 137.65 | 54.05 | 1.37 | 145.24 | 26.85 | -26.38 | -25.4 | 15.73 | -13.14 | 184.45 | 0.29 | -14.71 | 20.83 | 72.15 | 1.72 | 84.06 | 64.05 | -22.76 | -85.33 | 100.86 | 1.13 | -9.43 | -0.86 | -429.3 | 92.42 | 3.97 | 36.43 | -32.94 |
| 21Q3 (8) | 14.66 | 41.51 | 1296.19 | 67.85 | 12.76 | 363.46 | 65.50 | 13.32 | 513.87 | 65.67 | 14.11 | 616.92 | 53.32 | 12.85 | 635.45 | 36.47 | -14.41 | 135.59 | 18.11 | 15.72 | 863.3 | 0.34 | 3.03 | 61.9 | 70.93 | 10.45 | 215.38 | 82.92 | -40.76 | -90.44 | 99.74 | -0.68 | -14.34 | 0.26 | 161.98 | 101.59 | 2.91 | -3.0 | -41.92 |
| 21Q2 (7) | 10.36 | 38.32 | 34633.33 | 60.17 | 18.1 | 814.44 | 57.80 | 23.77 | 2848.98 | 57.55 | 24.95 | 7374.03 | 47.25 | 19.68 | 67600.0 | 42.61 | -14.4 | 30535.71 | 15.65 | 25.7 | 3717.07 | 0.33 | 6.45 | 94.12 | 64.22 | 18.97 | 269.29 | 139.98 | -40.29 | -86.1 | 100.42 | -0.96 | -60.41 | -0.42 | 69.81 | 99.73 | 3.00 | -42.2 | 0 |
| 21Q1 (6) | 7.49 | 96.59 | 2516.13 | 50.95 | 40.75 | 972.63 | 46.70 | 48.68 | 6870.15 | 46.06 | 63.28 | 2603.26 | 39.48 | 79.13 | 1911.01 | 49.78 | 38.32 | 1172.84 | 12.45 | 125.14 | 124600.0 | 0.31 | 29.17 | 72.22 | 53.98 | 37.7 | 305.86 | 234.44 | -46.3 | -79.16 | 101.40 | -8.95 | 376.03 | -1.40 | 87.7 | -101.02 | 5.19 | -12.33 | -4.24 |
| 20Q4 (5) | 3.81 | 262.86 | 1102.63 | 36.20 | 147.27 | 1045.57 | 31.41 | 194.38 | 8365.79 | 28.21 | 207.97 | 1337.28 | 22.04 | 204.0 | 964.31 | 35.99 | 132.49 | 764.02 | 5.53 | 194.15 | 7012.5 | 0.24 | 14.29 | 26.32 | 39.20 | 74.3 | 215.37 | 436.61 | -49.65 | -57.12 | 111.37 | -4.35 | 560.14 | -11.37 | 30.84 | -113.7 | 5.92 | 18.16 | 13.63 |
| 20Q3 (4) | 1.05 | 3600.0 | 0.0 | 14.64 | 122.49 | 0.0 | 10.67 | 444.39 | 0.0 | 9.16 | 1089.61 | 0.0 | 7.25 | 10457.14 | 0.0 | 15.48 | 11157.14 | 0.0 | 1.88 | 358.54 | 0.0 | 0.21 | 23.53 | 0.0 | 22.49 | 29.33 | 0.0 | 867.23 | -13.86 | 0.0 | 116.44 | -54.1 | 0.0 | -16.44 | 89.3 | 0.0 | 5.01 | 0 | 0.0 |
| 20Q2 (3) | -0.03 | 90.32 | 0.0 | 6.58 | 38.53 | 0.0 | 1.96 | 192.54 | 0.0 | 0.77 | 141.85 | 0.0 | -0.07 | 96.79 | 0.0 | -0.14 | 96.98 | 0.0 | 0.41 | 4200.0 | 0.0 | 0.17 | -5.56 | 0.0 | 17.39 | 30.75 | 0.0 | 1006.80 | -10.52 | 0.0 | 253.66 | 790.51 | 0.0 | -153.66 | -212.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.31 | 18.42 | 0.0 | 4.75 | 50.32 | 0.0 | 0.67 | 276.32 | 0.0 | -1.84 | 19.3 | 0.0 | -2.18 | 14.51 | 0.0 | -4.64 | 14.39 | 0.0 | -0.01 | 87.5 | 0.0 | 0.18 | -5.26 | 0.0 | 13.30 | 7.0 | 0.0 | 1125.20 | 10.52 | 0.0 | -36.73 | -317.75 | 0.0 | 136.73 | 64.73 | 0.0 | 5.42 | 4.03 | 0.0 |
| 19Q4 (1) | -0.38 | 0.0 | 0.0 | 3.16 | 0.0 | 0.0 | -0.38 | 0.0 | 0.0 | -2.28 | 0.0 | 0.0 | -2.55 | 0.0 | 0.0 | -5.42 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 12.43 | 0.0 | 0.0 | 1018.13 | 0.0 | 0.0 | 16.87 | 0.0 | 0.0 | 83.01 | 0.0 | 0.0 | 5.21 | 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) | 1.37 | -97.35 | 4.44 | -92.75 | -1.18 | 0 | 14.54 | 173.17 | 8.03 | -87.08 | 3.61 | -92.5 | 1.63 | -97.4 | 1.57 | -96.17 | 0.31 | -63.1 | 24.42 | -64.16 | 41.38 | -13.45 | -14.75 | 0 | 114.75 | 1974.42 | 0.04 | 39.16 | 6.95 | 79.12 |
| 2022 (9) | 51.71 | 6.12 | 61.23 | -4.13 | 58.71 | -3.68 | 5.32 | 1.77 | 62.15 | 2.47 | 48.16 | -2.96 | 62.62 | -48.83 | 40.99 | -29.17 | 0.84 | -26.96 | 68.13 | 2.19 | 47.81 | -25.36 | 94.47 | -6.0 | 5.53 | 0 | 0.03 | 24.22 | 3.88 | 5.43 |
| 2021 (8) | 48.73 | 980.49 | 63.87 | 270.48 | 60.95 | 373.95 | 5.23 | -53.86 | 60.65 | 467.88 | 49.63 | 515.76 | 122.37 | 168.18 | 57.87 | 642.88 | 1.15 | 47.44 | 66.67 | 173.24 | 64.05 | -85.33 | 100.50 | -16.6 | -0.50 | 0 | 0.02 | -53.31 | 3.68 | -34.05 |
| 2020 (7) | 4.51 | 0 | 17.24 | 323.59 | 12.86 | 0 | 11.34 | 0.56 | 10.68 | 0 | 8.06 | 0 | 45.63 | 0 | 7.79 | 0 | 0.78 | -13.33 | 24.40 | 110.89 | 436.61 | -57.12 | 120.50 | 325.95 | -20.50 | 0 | 0.05 | -29.34 | 5.58 | 11.16 |
| 2019 (6) | -1.66 | 0 | 4.07 | 13466.67 | -0.68 | 0 | 11.27 | 147.07 | -2.41 | 0 | -2.68 | 0 | -21.39 | 0 | -0.49 | 0 | 0.90 | -13.46 | 11.57 | 1200.0 | 1018.13 | 72.65 | 28.29 | -64.65 | 71.71 | 259.06 | 0.06 | -8.77 | 5.02 | -0.99 |
| 2018 (5) | -2.53 | 0 | 0.03 | -99.4 | -4.00 | 0 | 4.56 | -6.73 | -4.99 | 0 | -4.45 | 0 | -26.95 | 0 | -3.55 | 0 | 1.04 | 7.22 | 0.89 | -86.89 | 589.70 | 46.97 | 80.03 | -34.43 | 19.97 | 0 | 0.07 | -12.23 | 5.07 | -5.06 |
| 2017 (4) | 0.17 | 0 | 4.96 | 0 | 0.59 | 0 | 4.89 | -12.14 | 0.48 | 0 | 0.38 | 0 | 2.30 | 0 | 1.48 | 0 | 0.97 | 22.78 | 6.79 | 0 | 401.24 | -45.46 | 122.05 | 30.13 | -22.05 | 0 | 0.08 | 0 | 5.34 | -12.03 |
| 2016 (3) | -9.22 | 0 | -7.85 | 0 | -12.76 | 0 | 5.57 | 12.21 | -13.60 | 0 | -12.90 | 0 | -62.03 | 0 | -9.10 | 0 | 0.79 | -4.82 | -6.27 | 0 | 735.72 | 89.42 | 93.79 | 15.3 | 6.21 | -66.74 | 0.00 | 0 | 6.07 | 8.2 |
| 2015 (2) | -2.24 | 0 | -0.62 | 0 | -5.06 | 0 | 4.96 | 2.41 | -6.23 | 0 | -6.11 | 0 | -22.20 | 0 | -4.09 | 0 | 0.83 | -8.79 | 0.18 | -97.4 | 388.40 | 30.82 | 81.34 | -71.13 | 18.66 | 0 | 0.00 | 0 | 5.61 | 9.36 |
| 2014 (1) | 0.10 | 0 | 4.26 | 0 | 2.07 | 0 | 4.85 | -19.6 | 0.73 | 0 | 0.32 | 0 | 1.21 | 0 | 1.30 | 0 | 0.91 | 9.64 | 6.92 | 35.95 | 296.89 | -8.29 | 281.80 | 40.74 | -181.70 | 0 | 0.00 | 0 | 5.13 | -6.56 |
