- 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) | 6.57 | 59.47 | 630.0 | 48.83 | 50.48 | 3010.19 | 44.73 | 57.0 | 9823.91 | 42.94 | 12.76 | 228.79 | 33.83 | 11.58 | 232.65 | 7.84 | 51.35 | 558.82 | 4.96 | 49.4 | 490.48 | 0.14 | 27.27 | 100.0 | 51.53 | 3.14 | 61.08 | 61.14 | -1.13 | 2.65 | 104.17 | 39.19 | 3089.89 | -4.17 | -116.57 | -104.03 | 5.10 | -25.22 | -42.44 |
| 24Q2 (19) | 4.12 | 149.7 | 596.39 | 32.45 | 160.64 | 1480.85 | 28.49 | 253.04 | 506.42 | 38.08 | 71.3 | 369.54 | 30.32 | 81.01 | 417.15 | 5.18 | 137.61 | 579.63 | 3.32 | 125.85 | 662.71 | 0.11 | 37.5 | 57.14 | 49.96 | 30.41 | 73.53 | 61.84 | 1.08 | -0.13 | 74.84 | 106.18 | 186.53 | 25.17 | -60.49 | -86.5 | 6.82 | -21.43 | -23.97 |
| 24Q1 (18) | 1.65 | 219.57 | 320.0 | 12.45 | 555.26 | 276.35 | 8.07 | 259.49 | 164.46 | 22.23 | 205.51 | 331.8 | 16.75 | 208.63 | 302.54 | 2.18 | 219.78 | 331.91 | 1.47 | 242.72 | 412.77 | 0.08 | 14.29 | 14.29 | 38.31 | 1300.94 | 199.06 | 61.18 | 0.03 | 9.62 | 36.30 | 51.09 | -72.18 | 63.70 | -16.13 | 309.1 | 8.68 | 6.11 | 1.88 |
| 23Q4 (17) | -1.38 | -253.33 | -13700.0 | 1.90 | 21.02 | -86.89 | -5.06 | -1000.0 | -143.85 | -21.07 | -261.33 | -275.0 | -15.42 | -251.62 | -13918.18 | -1.82 | -252.94 | -9000.0 | -1.03 | -222.62 | -1036.36 | 0.07 | 0.0 | -36.36 | -3.19 | -109.97 | -111.32 | 61.16 | 2.69 | -0.67 | 24.02 | 789.51 | -74.94 | 75.96 | -26.6 | 1734.55 | 8.18 | -7.67 | 62.3 |
| 23Q3 (16) | 0.90 | 208.43 | -88.71 | 1.57 | 166.81 | -96.33 | -0.46 | 93.44 | -101.17 | 13.06 | 61.04 | -70.44 | 10.17 | 206.38 | -70.99 | 1.19 | 210.19 | -88.47 | 0.84 | 242.37 | -86.39 | 0.07 | 0.0 | -58.82 | 31.99 | 11.11 | -40.44 | 59.56 | -3.81 | -3.75 | -3.48 | 95.97 | -103.9 | 103.48 | -44.51 | 866.25 | 8.86 | -1.23 | 105.09 |
| 23Q2 (15) | -0.83 | -10.67 | -107.73 | -2.35 | 66.71 | -104.23 | -7.01 | 44.01 | -113.39 | 8.11 | 184.57 | -84.98 | -9.56 | -15.6 | -123.8 | -1.08 | -14.89 | -106.97 | -0.59 | -25.53 | -106.56 | 0.07 | 0.0 | -68.18 | 28.79 | 124.75 | -53.04 | 61.92 | 10.95 | -21.64 | -86.49 | -166.3 | -189.25 | 186.49 | 712.15 | 5934.81 | 8.97 | 5.28 | 157.76 |
| 23Q1 (14) | -0.75 | -7400.0 | -104.51 | -7.06 | -148.72 | -111.0 | -12.52 | -208.49 | -120.63 | -9.59 | -179.65 | -115.3 | -8.27 | -7418.18 | -116.39 | -0.94 | -4600.0 | -103.87 | -0.47 | -527.27 | -103.32 | 0.07 | -36.36 | -75.0 | 12.81 | -54.53 | -81.38 | 55.81 | -9.36 | -17.7 | 130.46 | 36.1 | 34.7 | -30.46 | -835.8 | -1069.75 | 8.52 | 69.05 | 149.12 |
| 22Q4 (13) | -0.01 | -100.13 | -100.07 | 14.49 | -66.15 | -77.56 | 11.54 | -70.75 | -81.49 | 12.04 | -72.75 | -80.78 | -0.11 | -100.31 | -100.23 | -0.02 | -100.19 | -100.07 | 0.11 | -98.22 | -99.24 | 0.11 | -35.29 | -63.33 | 28.17 | -47.55 | -59.13 | 61.57 | -0.5 | -21.31 | 95.86 | 7.36 | -3.69 | 4.14 | -61.34 | 772.66 | 5.04 | 16.67 | 52.27 |
| 22Q3 (12) | 7.97 | -25.79 | -45.3 | 42.81 | -22.95 | -33.04 | 39.45 | -24.64 | -35.75 | 44.18 | -18.2 | -28.1 | 35.06 | -12.7 | -30.24 | 10.32 | -33.42 | -72.91 | 6.17 | -31.44 | -66.74 | 0.17 | -22.73 | -54.05 | 53.71 | -12.4 | -20.18 | 61.88 | -21.69 | -34.06 | 89.29 | -7.86 | -10.65 | 10.71 | 246.57 | 14445.65 | 4.32 | 24.14 | 52.65 |
| 22Q2 (11) | 10.74 | -35.46 | 25.47 | 55.56 | -13.4 | 8.09 | 52.35 | -13.76 | 10.07 | 54.01 | -13.82 | 11.36 | 40.16 | -20.43 | 1.52 | 15.50 | -36.24 | -44.78 | 9.00 | -36.49 | -27.13 | 0.22 | -21.43 | -29.03 | 61.31 | -10.86 | 9.33 | 79.02 | 16.53 | -36.51 | 96.91 | 0.05 | -1.17 | 3.09 | -1.63 | 58.87 | 3.48 | 1.75 | -3.87 |
| 22Q1 (10) | 16.64 | 19.03 | 151.36 | 64.16 | -0.62 | 29.41 | 60.70 | -2.66 | 33.2 | 62.67 | 0.03 | 33.09 | 50.47 | 4.56 | 31.88 | 24.31 | -8.88 | -14.55 | 14.17 | -2.21 | 18.48 | 0.28 | -6.67 | -9.68 | 68.78 | -0.22 | 29.26 | 67.81 | -13.33 | -49.79 | 96.86 | -2.68 | 0.09 | 3.14 | 562.13 | -2.68 | 3.42 | 3.32 | -30.63 |
| 21Q4 (9) | 13.98 | -4.05 | 299.43 | 64.56 | 0.99 | 75.48 | 62.36 | 1.56 | 103.06 | 62.65 | 1.95 | 86.02 | 48.27 | -3.96 | 73.7 | 26.68 | -29.96 | 39.76 | 14.49 | -21.89 | 86.01 | 0.30 | -18.92 | 7.14 | 68.93 | 2.44 | 72.5 | 78.24 | -16.63 | -46.36 | 99.53 | -0.4 | 9.17 | 0.47 | 544.39 | -94.63 | 3.31 | 16.96 | -52.78 |
| 21Q3 (8) | 14.57 | 70.21 | 1698.77 | 63.93 | 24.38 | 322.54 | 61.40 | 29.1 | 523.98 | 61.45 | 26.7 | 402.04 | 50.26 | 27.05 | 445.12 | 38.09 | 35.7 | 667.94 | 18.55 | 50.2 | 796.14 | 0.37 | 19.35 | 76.19 | 67.29 | 19.99 | 234.11 | 93.85 | -24.6 | -37.87 | 99.93 | 1.91 | 24.19 | 0.07 | -96.21 | -99.62 | 2.83 | -21.82 | -56.06 |
| 21Q2 (7) | 8.56 | 29.31 | 1026.32 | 51.40 | 3.67 | 214.95 | 47.56 | 4.37 | 367.19 | 48.50 | 2.99 | 237.74 | 39.56 | 3.37 | 281.49 | 28.07 | -1.34 | 502.36 | 12.35 | 3.26 | 511.39 | 0.31 | 0.0 | 72.22 | 56.08 | 5.39 | 135.33 | 124.47 | -7.83 | -18.41 | 98.05 | 1.33 | 38.34 | 1.95 | -39.74 | -93.32 | 3.62 | -26.57 | 0 |
| 21Q1 (6) | 6.62 | 89.14 | 16450.0 | 49.58 | 34.76 | 434.27 | 45.57 | 48.39 | 1244.25 | 47.09 | 39.82 | 8620.37 | 38.27 | 37.71 | 7259.62 | 28.45 | 49.03 | 10842.31 | 11.96 | 53.53 | 4684.0 | 0.31 | 10.71 | 47.62 | 53.21 | 33.16 | 495.19 | 135.05 | -7.4 | -2.37 | 96.77 | 6.14 | -84.61 | 3.23 | -63.43 | 100.61 | 4.93 | -29.67 | -27.29 |
| 20Q4 (5) | 3.50 | 332.1 | 560.38 | 36.79 | 143.16 | 251.05 | 30.71 | 212.09 | 601.14 | 33.68 | 175.16 | 401.94 | 27.79 | 201.41 | 350.41 | 19.09 | 284.88 | 492.86 | 7.79 | 276.33 | 419.33 | 0.28 | 33.33 | 27.27 | 39.96 | 98.41 | 172.21 | 145.85 | -3.45 | 3.43 | 91.17 | 13.31 | 39.51 | 8.83 | -54.81 | -74.58 | 7.01 | 8.85 | 4.94 |
| 20Q3 (4) | 0.81 | 6.58 | 0.0 | 15.13 | -7.29 | 0.0 | 9.84 | -3.34 | 0.0 | 12.24 | -14.76 | 0.0 | 9.22 | -11.09 | 0.0 | 4.96 | 6.44 | 0.0 | 2.07 | 2.48 | 0.0 | 0.21 | 16.67 | 0.0 | 20.14 | -15.48 | 0.0 | 151.06 | -0.98 | 0.0 | 80.47 | 13.53 | 0.0 | 19.53 | -32.92 | 0.0 | 6.44 | 0 | 0.0 |
| 20Q2 (3) | 0.76 | 1800.0 | 0.0 | 16.32 | 75.86 | 0.0 | 10.18 | 200.29 | 0.0 | 14.36 | 2559.26 | 0.0 | 10.37 | 1894.23 | 0.0 | 4.66 | 1692.31 | 0.0 | 2.02 | 708.0 | 0.0 | 0.18 | -14.29 | 0.0 | 23.83 | 166.55 | 0.0 | 152.55 | 10.28 | 0.0 | 70.88 | -88.73 | 0.0 | 29.12 | 105.51 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.04 | -92.45 | 0.0 | 9.28 | -11.45 | 0.0 | 3.39 | -22.6 | 0.0 | 0.54 | -91.95 | 0.0 | 0.52 | -91.57 | 0.0 | 0.26 | -91.93 | 0.0 | 0.25 | -83.33 | 0.0 | 0.21 | -4.55 | 0.0 | 8.94 | -39.1 | 0.0 | 138.33 | -1.9 | 0.0 | 628.87 | 862.29 | 0.0 | -528.87 | -1622.89 | 0.0 | 6.78 | 1.5 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 10.48 | 0.0 | 0.0 | 4.38 | 0.0 | 0.0 | 6.71 | 0.0 | 0.0 | 6.17 | 0.0 | 0.0 | 3.22 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 14.68 | 0.0 | 0.0 | 141.01 | 0.0 | 0.0 | 65.35 | 0.0 | 0.0 | 34.73 | 0.0 | 0.0 | 6.68 | 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) | -2.07 | 0 | -1.50 | 0 | -6.29 | 0 | 18.09 | 119.97 | -2.49 | 0 | -5.77 | 0 | -2.68 | 0 | -1.23 | 0 | 0.29 | -65.06 | 17.49 | -69.15 | 61.16 | -0.67 | 252.63 | 165.6 | -152.63 | 0 | 0.02 | 45.46 | 8.63 | 120.72 |
| 2022 (9) | 33.17 | -21.68 | 48.82 | -17.34 | 45.54 | -18.82 | 8.23 | 36.05 | 47.88 | -15.5 | 35.96 | -20.72 | 50.27 | -54.12 | 30.29 | -46.66 | 0.83 | -33.06 | 56.70 | -10.07 | 61.57 | -21.31 | 95.12 | -3.93 | 4.88 | 392.65 | 0.01 | -62.85 | 3.91 | 11.71 |
| 2021 (8) | 42.35 | 730.39 | 59.06 | 175.08 | 56.10 | 259.39 | 6.05 | -14.19 | 56.66 | 225.63 | 45.36 | 227.04 | 109.58 | 288.44 | 56.79 | 372.86 | 1.24 | 49.4 | 63.05 | 150.4 | 78.24 | -46.36 | 99.01 | 10.38 | 0.99 | -90.38 | 0.03 | -60.94 | 3.50 | -49.28 |
| 2020 (7) | 5.10 | 216.77 | 21.47 | 116.65 | 15.61 | 299.23 | 7.05 | -2.71 | 17.40 | 178.85 | 13.87 | 181.91 | 28.21 | 179.86 | 12.01 | 138.77 | 0.83 | -6.74 | 25.18 | 73.54 | 145.85 | 3.43 | 89.70 | 43.31 | 10.30 | -72.46 | 0.08 | -14.09 | 6.90 | -1.0 |
| 2019 (6) | 1.61 | 222.0 | 9.91 | 32.31 | 3.91 | 164.19 | 7.24 | 17.27 | 6.24 | 134.59 | 4.92 | 189.41 | 10.08 | 205.45 | 5.03 | 143.0 | 0.89 | 2.3 | 14.51 | 48.82 | 141.01 | 16.29 | 62.59 | 12.46 | 37.41 | -15.64 | 0.09 | -29.47 | 6.97 | -2.79 |
| 2018 (5) | 0.50 | -56.52 | 7.49 | -36.04 | 1.48 | -71.37 | 6.18 | -8.24 | 2.66 | -48.15 | 1.70 | -59.62 | 3.30 | -55.82 | 2.07 | -47.19 | 0.87 | 8.75 | 9.75 | -23.59 | 121.26 | -2.1 | 55.66 | -44.75 | 44.34 | 0 | 0.12 | 79.9 | 7.17 | -10.38 |
| 2017 (4) | 1.15 | 125.49 | 11.71 | 16.63 | 5.17 | 58.1 | 6.73 | -6.74 | 5.13 | 96.55 | 4.21 | 110.5 | 7.47 | 128.44 | 3.92 | 94.06 | 0.80 | 9.59 | 12.76 | 18.37 | 123.86 | 1.13 | 100.74 | -19.37 | -0.74 | 0 | 0.07 | 0 | 8.00 | -3.38 |
| 2016 (3) | 0.51 | -71.35 | 10.04 | -20.0 | 3.27 | -48.01 | 7.22 | 3.52 | 2.61 | -70.57 | 2.00 | -67.53 | 3.27 | -70.14 | 2.02 | -62.8 | 0.73 | -5.19 | 10.78 | -36.4 | 122.47 | -0.72 | 124.93 | 76.01 | -24.93 | 0 | 0.00 | 0 | 8.28 | 23.58 |
| 2015 (2) | 1.78 | -24.89 | 12.55 | -8.06 | 6.29 | -22.06 | 6.97 | 9.76 | 8.87 | -9.67 | 6.16 | -22.42 | 10.95 | -30.96 | 5.43 | -25.82 | 0.77 | -6.1 | 16.95 | -2.87 | 123.36 | -10.45 | 70.98 | -13.6 | 29.02 | 62.48 | 0.00 | 0 | 6.70 | 11.48 |
| 2014 (1) | 2.37 | 146.88 | 13.65 | 0 | 8.07 | 0 | 6.35 | -12.7 | 9.82 | 0 | 7.94 | 0 | 15.86 | 0 | 7.32 | 0 | 0.82 | 7.89 | 17.45 | 35.27 | 137.75 | -9.34 | 82.16 | -7.59 | 17.86 | 60.93 | 0.00 | 0 | 6.01 | -0.83 |
