- 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) | 2.09 | -9.13 | 260.34 | 36.69 | -5.49 | 211.46 | 35.87 | -5.61 | 239.04 | 28.52 | -8.35 | 144.18 | 28.43 | -8.35 | 146.79 | 3.19 | -9.12 | 239.36 | 2.14 | -6.96 | 122.92 | 0.06 | 0.0 | 50.0 | 60.48 | -3.51 | 3.94 | 85.57 | -3.49 | -10.3 | 125.83 | 3.02 | 38.7 | -25.77 | -16.39 | -371.17 | 20.14 | -7.23 | -40.64 |
| 24Q2 (19) | 2.30 | 15.58 | 12.2 | 38.82 | 22.5 | 45.99 | 38.00 | 23.3 | 47.74 | 31.12 | -2.2 | -4.48 | 31.02 | -1.99 | -4.38 | 3.51 | 10.38 | 5.09 | 2.30 | 9.0 | 7.48 | 0.06 | 20.0 | 20.0 | 62.68 | -7.33 | -8.83 | 88.66 | -1.65 | -11.77 | 122.14 | 26.02 | 54.71 | -22.14 | -803.24 | -205.16 | 21.71 | -9.8 | -17.2 |
| 24Q1 (18) | 1.99 | 3.65 | 1205.56 | 31.69 | 0.22 | 189.94 | 30.82 | -0.26 | 217.73 | 31.82 | 8.08 | 996.34 | 31.65 | 7.98 | 948.53 | 3.18 | 2.25 | 1196.55 | 2.11 | 0.96 | 603.33 | 0.05 | 0.0 | 25.0 | 67.64 | 2.92 | 58.3 | 90.15 | -5.23 | -5.95 | 96.92 | -7.63 | 135.65 | 3.15 | 163.89 | -99.15 | 24.07 | 25.23 | -23.27 |
| 23Q4 (17) | 1.92 | 231.03 | 32.41 | 31.62 | 168.42 | -4.62 | 30.90 | 192.06 | -2.89 | 29.44 | 152.05 | 42.43 | 29.31 | 154.43 | 42.42 | 3.11 | 230.85 | 38.84 | 2.09 | 117.71 | 37.5 | 0.05 | 25.0 | 0.0 | 65.72 | 12.94 | 23.81 | 95.13 | -0.28 | -4.67 | 104.93 | 15.66 | -31.87 | -4.93 | -151.85 | 90.88 | 19.22 | -43.35 | -0.36 |
| 23Q3 (16) | 0.58 | -71.71 | -83.04 | 11.78 | -55.7 | -73.3 | 10.58 | -58.86 | -75.45 | 11.68 | -64.15 | -71.07 | 11.52 | -64.49 | -71.41 | 0.94 | -71.86 | -83.0 | 0.96 | -55.14 | -67.89 | 0.04 | -20.0 | -42.86 | 58.19 | -15.36 | -10.35 | 95.40 | -5.07 | -4.25 | 90.72 | 14.92 | -15.0 | 9.50 | -54.86 | 241.15 | 33.93 | 29.41 | 52.91 |
| 23Q2 (15) | 2.05 | 1238.89 | -64.1 | 26.59 | 143.28 | -53.69 | 25.72 | 165.15 | -54.61 | 32.58 | 1017.75 | -42.11 | 32.44 | 969.71 | -42.29 | 3.34 | 1251.72 | -67.57 | 2.14 | 613.33 | -56.94 | 0.05 | 25.0 | -37.5 | 68.75 | 60.89 | -7.71 | 100.49 | 4.84 | -11.37 | 78.95 | 129.04 | -21.59 | 21.05 | -94.33 | 3196.91 | 26.22 | -16.42 | 71.48 |
| 23Q1 (14) | -0.18 | -112.41 | -105.01 | 10.93 | -67.03 | -77.74 | 9.70 | -69.52 | -79.9 | -3.55 | -117.17 | -107.62 | -3.73 | -118.12 | -108.01 | -0.29 | -112.95 | -104.04 | 0.30 | -80.26 | -90.99 | 0.04 | -20.0 | -42.86 | 42.73 | -19.5 | -37.69 | 95.85 | -3.95 | -21.14 | -271.88 | -276.53 | -362.57 | 371.09 | 787.09 | 10576.56 | 31.37 | 62.62 | 69.57 |
| 22Q4 (13) | 1.45 | -57.6 | -65.23 | 33.15 | -24.86 | -37.43 | 31.82 | -26.15 | -38.54 | 20.67 | -48.8 | -58.99 | 20.58 | -48.92 | -59.13 | 2.24 | -59.49 | -76.02 | 1.52 | -49.16 | -61.52 | 0.05 | -28.57 | -28.57 | 53.08 | -18.23 | -25.24 | 99.79 | 0.16 | -27.32 | 154.01 | 44.3 | 49.92 | -54.01 | -702.29 | -1881.19 | 19.29 | -13.07 | 25.1 |
| 22Q3 (12) | 3.42 | -40.11 | -4.47 | 44.12 | -23.16 | -5.69 | 43.09 | -23.95 | -6.24 | 40.37 | -28.27 | -23.22 | 40.29 | -28.32 | -23.23 | 5.53 | -46.31 | -37.51 | 2.99 | -39.84 | -13.08 | 0.07 | -12.5 | 16.67 | 64.91 | -12.86 | -16.89 | 99.63 | -12.13 | -38.8 | 106.73 | 6.01 | 22.08 | -6.73 | -890.29 | -153.54 | 22.19 | 45.13 | 37.66 |
| 22Q2 (11) | 5.71 | 59.05 | 171.9 | 57.42 | 16.92 | 41.74 | 56.66 | 17.38 | 43.01 | 56.28 | 20.75 | 56.07 | 56.21 | 20.78 | 56.27 | 10.30 | 43.65 | 90.39 | 4.97 | 49.25 | 137.8 | 0.08 | 14.29 | 60.0 | 74.49 | 8.62 | 12.9 | 113.38 | -6.71 | -39.53 | 100.68 | -2.76 | -8.38 | -0.68 | 80.81 | 93.12 | 15.29 | -17.35 | -17.35 |
| 22Q1 (10) | 3.59 | -13.91 | 201.68 | 49.11 | -7.3 | 69.05 | 48.27 | -6.76 | 72.64 | 46.61 | -7.52 | 84.08 | 46.54 | -7.59 | 85.05 | 7.17 | -23.23 | 124.06 | 3.33 | -15.7 | 158.14 | 0.07 | 0.0 | 75.0 | 68.58 | -3.41 | 9.54 | 121.54 | -11.48 | -36.35 | 103.54 | 0.79 | -6.19 | -3.54 | -29.93 | 65.87 | 18.50 | 19.97 | -12.82 |
| 21Q4 (9) | 4.17 | 16.48 | 618.97 | 52.98 | 13.25 | 154.71 | 51.77 | 12.64 | 165.08 | 50.40 | -4.15 | 286.5 | 50.36 | -4.04 | 289.18 | 9.34 | 5.54 | 491.14 | 3.95 | 14.83 | 426.67 | 0.07 | 16.67 | 75.0 | 71.00 | -9.09 | 31.09 | 137.30 | -15.66 | -34.94 | 102.73 | 17.5 | -31.46 | -2.73 | -121.68 | 94.51 | 15.42 | -4.34 | -25.9 |
| 21Q3 (8) | 3.58 | 70.48 | 2137.5 | 46.78 | 15.48 | 165.8 | 45.96 | 16.0 | 182.48 | 52.58 | 45.81 | 1251.67 | 52.48 | 45.9 | 1299.47 | 8.85 | 63.59 | 2007.14 | 3.44 | 64.59 | 782.05 | 0.06 | 20.0 | 50.0 | 78.10 | 18.37 | 60.14 | 162.79 | -13.18 | -22.69 | 87.43 | -20.44 | -79.09 | 12.57 | 227.21 | 103.95 | 16.12 | -12.86 | -29.55 |
| 21Q2 (7) | 2.10 | 76.47 | 600.0 | 40.51 | 39.45 | 603.3 | 39.62 | 41.7 | 802.51 | 36.06 | 42.42 | 426.63 | 35.97 | 43.02 | 421.16 | 5.41 | 69.06 | 610.38 | 2.09 | 62.02 | 7066.67 | 0.05 | 25.0 | 66.67 | 65.98 | 5.38 | 54.19 | 187.50 | -1.81 | -10.27 | 109.89 | -0.45 | 375.63 | -9.89 | 4.76 | -107.07 | 18.50 | -12.82 | -29.34 |
| 21Q1 (6) | 1.19 | 105.17 | 761.11 | 29.05 | 39.66 | 206.43 | 27.96 | 43.16 | 245.19 | 25.32 | 94.17 | 675.45 | 25.15 | 94.36 | 655.19 | 3.20 | 102.53 | 844.19 | 1.29 | 72.0 | 514.29 | 0.04 | 0.0 | 33.33 | 62.61 | 15.6 | 29.25 | 190.95 | -9.52 | -4.58 | 110.38 | -26.36 | 160.07 | -10.38 | 79.09 | -103.66 | 21.22 | 1.97 | -19.74 |
| 20Q4 (5) | 0.58 | 262.5 | -14.71 | 20.80 | 18.18 | -19.6 | 19.53 | 20.04 | -20.87 | 13.04 | 235.22 | -0.15 | 12.94 | 245.07 | -0.15 | 1.58 | 276.19 | 3.95 | 0.75 | 92.31 | -13.79 | 0.04 | 0.0 | 0.0 | 54.16 | 11.05 | -6.73 | 211.03 | 0.21 | 7.37 | 149.88 | -64.15 | -20.61 | -49.65 | 84.39 | 44.22 | 20.81 | -9.05 | 8.39 |
| 20Q3 (4) | 0.16 | 138.1 | 0.0 | 17.60 | 205.56 | 0.0 | 16.27 | 270.62 | 0.0 | 3.89 | 135.24 | 0.0 | 3.75 | 133.48 | 0.0 | 0.42 | 139.62 | 0.0 | 0.39 | 1400.0 | 0.0 | 0.04 | 33.33 | 0.0 | 48.77 | 13.98 | 0.0 | 210.58 | 0.78 | 0.0 | 418.03 | 1148.57 | 0.0 | -318.03 | -327.38 | 0.0 | 22.88 | -12.61 | 0.0 |
| 20Q2 (3) | -0.42 | -133.33 | 0.0 | 5.76 | -39.24 | 0.0 | 4.39 | -45.8 | 0.0 | -11.04 | -150.91 | 0.0 | -11.20 | -147.24 | 0.0 | -1.06 | -146.51 | 0.0 | -0.03 | -114.29 | 0.0 | 0.03 | 0.0 | 0.0 | 42.79 | -11.66 | 0.0 | 208.95 | 4.42 | 0.0 | -39.87 | 78.3 | 0.0 | 139.87 | -50.71 | 0.0 | 26.18 | -0.98 | 0.0 |
| 20Q1 (2) | -0.18 | -126.47 | 0.0 | 9.48 | -63.36 | 0.0 | 8.10 | -67.18 | 0.0 | -4.40 | -133.69 | 0.0 | -4.53 | -134.95 | 0.0 | -0.43 | -128.29 | 0.0 | 0.21 | -75.86 | 0.0 | 0.03 | -25.0 | 0.0 | 48.44 | -16.58 | 0.0 | 200.11 | 1.82 | 0.0 | -183.74 | -197.33 | 0.0 | 283.74 | 418.76 | 0.0 | 26.44 | 37.71 | 0.0 |
| 19Q4 (1) | 0.68 | 0.0 | 0.0 | 25.87 | 0.0 | 0.0 | 24.68 | 0.0 | 0.0 | 13.06 | 0.0 | 0.0 | 12.96 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 58.07 | 0.0 | 0.0 | 196.54 | 0.0 | 0.0 | 188.79 | 0.0 | 0.0 | -89.01 | 0.0 | 0.0 | 19.20 | 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) | 4.38 | -69.07 | 21.43 | -54.4 | 20.45 | -55.58 | 28.04 | 52.15 | 19.39 | -54.38 | 19.24 | -54.64 | 7.10 | -72.42 | 5.48 | -58.2 | 0.19 | -32.14 | 60.04 | -9.28 | 95.13 | -4.67 | 105.49 | -2.62 | -5.52 | 0 | 0.00 | 0 | 27.01 | 44.98 |
| 2022 (9) | 14.16 | 28.14 | 47.00 | 6.6 | 46.04 | 6.87 | 18.43 | -17.56 | 42.50 | -1.39 | 42.42 | -1.37 | 25.74 | -3.99 | 13.11 | 20.94 | 0.28 | 21.74 | 66.18 | -5.74 | 99.79 | -27.32 | 108.33 | 8.37 | -8.33 | 0 | 0.00 | 0 | 18.63 | 7.19 |
| 2021 (8) | 11.05 | 7266.67 | 44.09 | 217.65 | 43.08 | 243.27 | 22.35 | -39.92 | 43.10 | 3928.04 | 43.01 | 4524.73 | 26.81 | 6602.5 | 10.84 | 721.21 | 0.23 | 64.29 | 70.21 | 43.84 | 137.30 | -34.94 | 99.96 | -91.53 | 0.05 | 0 | 0.00 | 0 | 17.38 | -27.25 |
| 2020 (7) | 0.15 | -95.56 | 13.88 | -46.2 | 12.55 | -49.07 | 37.21 | 13.49 | 1.07 | -93.32 | 0.93 | -94.15 | 0.40 | -94.78 | 1.32 | -68.19 | 0.14 | -12.5 | 48.81 | -21.19 | 211.03 | 7.37 | 1179.53 | 666.97 | -1079.53 | 0 | 0.00 | 0 | 23.89 | 12.16 |
| 2019 (6) | 3.38 | 15.75 | 25.80 | -7.29 | 24.64 | -7.78 | 32.78 | 1.91 | 16.02 | 14.43 | 15.89 | 14.81 | 7.66 | 15.02 | 4.15 | 13.08 | 0.16 | 6.67 | 61.93 | 4.29 | 196.54 | -9.18 | 153.79 | -19.38 | -53.79 | 0 | 0.00 | 0 | 21.30 | -2.83 |
| 2018 (5) | 2.92 | 311.27 | 27.83 | 50.84 | 26.72 | 57.18 | 32.17 | -10.28 | 14.00 | 268.42 | 13.84 | 265.17 | 6.66 | 338.16 | 3.67 | 105.03 | 0.15 | 15.38 | 59.38 | 14.83 | 216.41 | -3.53 | 190.77 | -57.39 | -90.82 | 0 | 0.00 | 0 | 21.92 | -6.92 |
| 2017 (4) | 0.71 | -73.61 | 18.45 | 12.29 | 17.00 | 13.41 | 35.85 | -3.38 | 3.80 | -70.95 | 3.79 | -70.96 | 1.52 | -68.13 | 1.79 | -35.61 | 0.13 | 0.0 | 51.71 | -15.4 | 224.33 | 14.03 | 447.73 | 290.68 | -347.73 | 0 | 0.00 | 0 | 23.55 | -4.69 |
| 2016 (3) | 2.69 | -40.62 | 16.43 | -31.8 | 14.99 | -32.33 | 37.11 | 12.39 | 13.08 | -35.98 | 13.05 | -36.12 | 4.77 | -40.3 | 2.78 | -27.6 | 0.13 | -7.14 | 61.12 | -1.66 | 196.73 | 6.69 | 114.60 | 5.72 | -14.60 | 0 | 0.00 | 0 | 24.71 | 7.95 |
| 2015 (2) | 4.53 | 18.9 | 24.09 | 16.6 | 22.15 | 15.97 | 33.02 | -2.05 | 20.43 | 2.56 | 20.43 | 2.61 | 7.99 | 5.69 | 3.84 | 8.47 | 0.14 | 7.69 | 62.15 | -0.67 | 184.40 | 3.03 | 108.40 | 13.04 | -8.40 | 0 | 0.00 | 0 | 22.89 | 0.26 |
| 2014 (1) | 3.81 | 11.08 | 20.66 | 0 | 19.10 | 0 | 33.71 | 0.51 | 19.92 | 0 | 19.91 | 0 | 7.56 | 0 | 3.54 | 0 | 0.13 | -7.14 | 62.57 | 4.84 | 178.98 | -15.44 | 95.90 | -6.59 | 4.10 | 0 | 0.00 | 0 | 22.83 | 1.24 |
