- 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) | 0.25 | 196.15 | -80.92 | 42.12 | 9.95 | 5.38 | 7.57 | 1122.97 | 19.59 | 0.99 | 176.74 | -81.9 | 0.79 | 175.96 | -81.92 | 0.71 | 198.61 | -81.41 | 0.48 | 0 | -66.9 | 0.29 | 26.09 | 3.57 | 14.35 | -4.65 | -20.41 | 211.88 | -0.12 | 2.95 | 753.33 | 1155.56 | 551.76 | -653.33 | -1500.0 | -4092.22 | 26.02 | -9.62 | 0.77 |
| 24Q2 (19) | -0.26 | -112.87 | -121.31 | 38.31 | -7.17 | -5.1 | -0.74 | -108.38 | -112.89 | -1.29 | -115.69 | -121.9 | -1.04 | -115.83 | -122.08 | -0.72 | -112.9 | -119.89 | 0.00 | -100.0 | -100.0 | 0.23 | -14.81 | -11.54 | 15.05 | -30.19 | -19.95 | 212.14 | 3.52 | 1.93 | 60.00 | -44.25 | -39.14 | 46.67 | 711.85 | 1556.67 | 28.79 | 9.8 | 8.36 |
| 24Q1 (18) | 2.02 | 1246.67 | 8.6 | 41.27 | 9.79 | -0.65 | 8.83 | 359.9 | -10.36 | 8.22 | 1026.03 | -10.16 | 6.57 | 1032.76 | -10.25 | 5.58 | 1197.67 | -0.89 | 2.03 | 448.65 | -4.69 | 0.27 | 12.5 | 0.0 | 21.56 | 34.92 | 1.46 | 204.93 | -6.1 | 10.65 | 107.63 | -59.64 | 0.27 | -7.63 | 95.42 | -3.92 | 26.22 | -3.64 | -1.21 |
| 23Q4 (17) | 0.15 | -88.55 | -87.07 | 37.59 | -5.95 | -9.9 | 1.92 | -69.67 | -76.73 | 0.73 | -86.65 | -88.92 | 0.58 | -86.73 | -88.99 | 0.43 | -88.74 | -88.22 | 0.37 | -74.48 | -73.94 | 0.24 | -14.29 | 0.0 | 15.98 | -11.37 | -21.05 | 218.24 | 6.04 | 14.41 | 266.67 | 130.71 | 112.7 | -166.67 | -969.44 | -556.86 | 27.21 | 5.38 | 2.56 |
| 23Q3 (16) | 1.31 | 7.38 | -41.26 | 39.97 | -0.99 | -7.35 | 6.33 | 10.28 | -46.94 | 5.47 | -7.13 | -52.14 | 4.37 | -7.22 | -52.55 | 3.82 | 5.52 | -48.45 | 1.45 | 2.84 | -43.8 | 0.28 | 7.69 | 7.69 | 18.03 | -4.1 | -23.57 | 205.80 | -1.12 | 6.47 | 115.58 | 17.24 | 10.41 | -15.58 | -653.25 | -232.47 | 25.82 | -2.82 | 0.16 |
| 23Q2 (15) | 1.22 | -34.41 | 154.17 | 40.37 | -2.82 | 1.1 | 5.74 | -41.73 | 98.62 | 5.89 | -35.63 | 70.23 | 4.71 | -35.66 | 70.65 | 3.62 | -35.7 | 120.73 | 1.41 | -33.8 | 107.35 | 0.26 | -3.7 | 36.84 | 18.80 | -11.53 | -4.67 | 208.13 | 12.38 | -5.9 | 98.59 | -8.15 | 20.02 | 2.82 | 138.38 | -84.23 | 26.57 | 0.11 | -9.63 |
| 23Q1 (14) | 1.86 | 60.34 | 37.78 | 41.54 | -0.43 | -0.91 | 9.85 | 19.39 | 9.93 | 9.15 | 38.85 | 7.52 | 7.32 | 38.9 | 7.49 | 5.63 | 54.25 | 18.03 | 2.13 | 50.0 | 26.79 | 0.27 | 12.5 | 22.73 | 21.25 | 4.99 | -2.79 | 185.20 | -2.91 | -14.52 | 107.34 | -14.38 | 2.1 | -7.34 | 71.07 | -43.12 | 26.54 | 0.04 | -2.86 |
| 22Q4 (13) | 1.16 | -47.98 | -24.18 | 41.72 | -3.29 | -2.41 | 8.25 | -30.85 | -20.29 | 6.59 | -42.34 | -34.43 | 5.27 | -42.78 | -34.45 | 3.65 | -50.74 | -35.74 | 1.42 | -44.96 | -27.18 | 0.24 | -7.69 | 9.09 | 20.24 | -14.2 | -12.87 | 190.76 | -1.31 | -11.29 | 125.37 | 19.76 | 22.59 | -25.37 | -441.29 | -644.28 | 26.53 | 2.91 | 4.45 |
| 22Q3 (12) | 2.23 | 364.58 | 293.91 | 43.14 | 8.04 | 24.0 | 11.93 | 312.8 | 187.79 | 11.43 | 230.35 | 183.31 | 9.21 | 233.7 | 183.96 | 7.41 | 351.83 | 273.54 | 2.58 | 279.41 | 301.56 | 0.26 | 36.84 | 100.0 | 23.59 | 19.62 | 199.37 | 193.30 | -12.61 | -13.31 | 104.69 | 27.45 | 4.69 | -4.69 | -126.25 | -409.38 | 25.78 | -12.31 | -31.49 |
| 22Q2 (11) | 0.48 | -64.44 | 141.03 | 39.93 | -4.75 | 20.56 | 2.89 | -67.75 | 116.03 | 3.46 | -59.34 | 118.24 | 2.76 | -59.47 | 119.46 | 1.64 | -65.62 | 139.61 | 0.68 | -59.52 | 148.57 | 0.19 | -13.64 | 72.73 | 19.72 | -9.79 | 198.79 | 221.19 | 2.09 | 27.52 | 82.14 | -21.86 | -13.03 | 17.86 | 448.21 | 221.43 | 29.40 | 7.61 | -18.04 |
| 22Q1 (10) | 1.35 | -11.76 | 4.65 | 41.92 | -1.94 | 2.07 | 8.96 | -13.43 | -6.96 | 8.51 | -15.32 | -8.3 | 6.81 | -15.3 | -8.34 | 4.77 | -16.02 | 5.07 | 1.68 | -13.85 | -13.85 | 0.22 | 0.0 | -8.33 | 21.86 | -5.9 | 2.44 | 216.67 | 0.76 | 35.47 | 105.13 | 2.79 | 2.36 | -5.13 | -50.43 | -26.5 | 27.32 | 7.56 | -0.76 |
| 21Q4 (9) | 1.53 | 233.04 | 163.79 | 42.75 | 22.88 | 4.6 | 10.35 | 176.16 | 127.97 | 10.05 | 173.25 | 146.32 | 8.04 | 173.29 | 146.63 | 5.68 | 233.02 | 203.74 | 1.95 | 252.34 | 109.68 | 0.22 | 69.23 | -12.0 | 23.23 | 194.8 | 25.84 | 215.04 | -3.57 | 47.61 | 102.27 | 2.27 | -7.32 | -3.41 | -325.0 | 67.05 | 25.40 | -32.5 | -9.74 |
| 21Q3 (8) | -1.15 | 1.71 | -291.67 | 34.79 | 5.04 | -14.6 | -13.59 | 24.63 | -384.31 | -13.72 | 27.68 | -422.07 | -10.97 | 22.64 | -421.7 | -4.27 | -3.14 | -276.45 | -1.28 | 8.57 | -209.4 | 0.13 | 18.18 | -56.67 | 7.88 | 19.39 | -55.51 | 222.99 | 28.56 | 84.85 | 100.00 | 5.88 | -12.12 | 1.52 | -72.73 | 110.98 | 37.63 | 4.91 | 43.9 |
| 21Q2 (7) | -1.17 | -190.7 | -588.24 | 33.12 | -19.36 | -12.77 | -18.03 | -287.23 | -924.43 | -18.97 | -304.42 | -898.42 | -14.18 | -290.85 | -1016.54 | -4.14 | -191.19 | -370.45 | -1.40 | -171.79 | -566.67 | 0.11 | -54.17 | -59.26 | 6.60 | -69.07 | -56.66 | 173.45 | 8.45 | 7.18 | 94.44 | -8.04 | -5.56 | 5.56 | 237.04 | -50.0 | 35.87 | 30.29 | 14.82 |
| 21Q1 (6) | 1.29 | 122.41 | 637.5 | 41.07 | 0.49 | 7.88 | 9.63 | 112.11 | 937.39 | 9.28 | 127.45 | 596.26 | 7.43 | 127.91 | 527.01 | 4.54 | 142.78 | 472.13 | 1.95 | 109.68 | 641.67 | 0.24 | -4.0 | -14.29 | 21.34 | 15.6 | 53.86 | 159.94 | 9.79 | 4.58 | 102.70 | -6.93 | 71.17 | -4.05 | 60.81 | -110.14 | 27.53 | -2.17 | -11.82 |
| 20Q4 (5) | 0.58 | -3.33 | 376.19 | 40.87 | 0.32 | 8.32 | 4.54 | -5.02 | 212.66 | 4.08 | -4.23 | 222.16 | 3.26 | -4.4 | 300.0 | 1.87 | -22.73 | 283.33 | 0.93 | -20.51 | 400.0 | 0.25 | -16.67 | -3.85 | 18.46 | 4.23 | 42.44 | 145.68 | 20.77 | 3.14 | 110.34 | -3.03 | -12.89 | -10.34 | 25.0 | 48.28 | 28.14 | 7.61 | -10.86 |
| 20Q3 (4) | 0.60 | 452.94 | 0.0 | 40.74 | 7.3 | 0.0 | 4.78 | 371.59 | 0.0 | 4.26 | 324.21 | 0.0 | 3.41 | 368.5 | 0.0 | 2.42 | 375.0 | 0.0 | 1.17 | 657.14 | 0.0 | 0.30 | 11.11 | 0.0 | 17.71 | 16.28 | 0.0 | 120.63 | -25.46 | 0.0 | 113.79 | 13.79 | 0.0 | -13.79 | -224.14 | 0.0 | 26.15 | -16.29 | 0.0 |
| 20Q2 (3) | -0.17 | 29.17 | 0.0 | 37.97 | -0.26 | 0.0 | -1.76 | -53.04 | 0.0 | -1.90 | -1.6 | 0.0 | -1.27 | 27.01 | 0.0 | -0.88 | 27.87 | 0.0 | -0.21 | 41.67 | 0.0 | 0.27 | -3.57 | 0.0 | 15.23 | 9.81 | 0.0 | 161.83 | 5.81 | 0.0 | 100.00 | 66.67 | 0.0 | 11.11 | -72.22 | 0.0 | 31.24 | 0.06 | 0.0 |
| 20Q1 (2) | -0.24 | -14.29 | 0.0 | 38.07 | 0.9 | 0.0 | -1.15 | 71.46 | 0.0 | -1.87 | 44.01 | 0.0 | -1.74 | -6.75 | 0.0 | -1.22 | -19.61 | 0.0 | -0.36 | -16.13 | 0.0 | 0.28 | 7.69 | 0.0 | 13.87 | 7.02 | 0.0 | 152.94 | 8.28 | 0.0 | 60.00 | -52.63 | 0.0 | 40.00 | 300.0 | 0.0 | 31.22 | -1.11 | 0.0 |
| 19Q4 (1) | -0.21 | 0.0 | 0.0 | 37.73 | 0.0 | 0.0 | -4.03 | 0.0 | 0.0 | -3.34 | 0.0 | 0.0 | -1.63 | 0.0 | 0.0 | -1.02 | 0.0 | 0.0 | -0.31 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 12.96 | 0.0 | 0.0 | 141.25 | 0.0 | 0.0 | 126.67 | 0.0 | 0.0 | -20.00 | 0.0 | 0.0 | 31.57 | 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) | 4.54 | -12.86 | 39.85 | -4.69 | 5.94 | -29.12 | 12.17 | -4.06 | 5.28 | -32.39 | 4.22 | -32.59 | 13.54 | -22.27 | 5.25 | -18.73 | 1.05 | 14.13 | 18.49 | -13.96 | 218.24 | 14.41 | 112.41 | 4.73 | -12.41 | 0 | 0.31 | 567.56 | 26.51 | -2.14 |
| 2022 (9) | 5.21 | 963.27 | 41.81 | 6.5 | 8.38 | 549.61 | 12.68 | -16.11 | 7.81 | 748.91 | 6.26 | 611.36 | 17.42 | 889.77 | 6.46 | 408.66 | 0.92 | 29.58 | 21.49 | 24.87 | 190.76 | -11.29 | 107.33 | -25.19 | -7.33 | 0 | 0.05 | -38.56 | 27.09 | -9.61 |
| 2021 (8) | 0.49 | -37.97 | 39.26 | -0.96 | 1.29 | -38.57 | 15.12 | 5.51 | 0.92 | -43.56 | 0.88 | -32.82 | 1.76 | -44.3 | 1.27 | -28.65 | 0.71 | -28.28 | 17.21 | 3.67 | 215.04 | 47.61 | 143.48 | 9.72 | -39.13 | 0 | 0.07 | -22.67 | 29.97 | 3.85 |
| 2020 (7) | 0.79 | -68.02 | 39.64 | -4.94 | 2.10 | -65.29 | 14.33 | 9.94 | 1.63 | -71.7 | 1.31 | -71.58 | 3.16 | -78.98 | 1.78 | -76.67 | 0.99 | -35.29 | 16.60 | -13.81 | 145.68 | 3.14 | 130.77 | 25.13 | -28.21 | 0 | 0.10 | 71.87 | 28.86 | 2.85 |
| 2019 (6) | 2.47 | -27.35 | 41.70 | -4.58 | 6.05 | -37.31 | 13.03 | 76.55 | 5.76 | -38.66 | 4.61 | -38.2 | 15.03 | -45.19 | 7.63 | -54.74 | 1.53 | -31.7 | 19.26 | 14.3 | 141.25 | 108.8 | 104.50 | 1.5 | -4.50 | 0 | 0.06 | -58.05 | 28.06 | 3.54 |
| 2018 (5) | 3.40 | 83.78 | 43.70 | 0.69 | 9.65 | 19.73 | 7.38 | 11.25 | 9.39 | 12.59 | 7.46 | 7.8 | 27.42 | 44.62 | 16.86 | 29.99 | 2.24 | 20.43 | 16.85 | 11.07 | 67.65 | 15.4 | 102.96 | 5.99 | -2.96 | 0 | 0.13 | 0 | 27.10 | -2.97 |
| 2017 (4) | 1.85 | 0 | 43.40 | -24.84 | 8.06 | 0 | 6.64 | -14.3 | 8.34 | 0 | 6.92 | 0 | 18.96 | 0 | 12.97 | 0 | 1.86 | 0 | 15.17 | 135.19 | 58.62 | 75.19 | 97.14 | -67.62 | 2.86 | 0 | 0.00 | 0 | 27.93 | 31.75 |
| 2016 (3) | -0.05 | 0 | 57.74 | 0 | -4.18 | 0 | 7.74 | 0 | -1.21 | 0 | -1.01 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.45 | 0 | 33.46 | 0 | 300.00 | 0 | -250.00 | 0 | 0.00 | 0 | 21.20 | 0 |
