- 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) | 0.74 | -15.91 | 229.82 | 16.23 | 3.64 | 581.93 | 1.20 | 5900.0 | 109.57 | 6.68 | -3.47 | 239.17 | 6.10 | -11.34 | 227.08 | 2.07 | -17.2 | 247.86 | 1.22 | -16.44 | 287.69 | 0.19 | -5.0 | 26.67 | 11.57 | -1.62 | 584.62 | 80.19 | 1.84 | -11.35 | 17.98 | 4359.65 | -93.12 | 82.02 | -17.65 | 150.82 | 11.50 | -2.79 | 17.95 |
| 24Q2 (19) | 0.88 | 519.05 | 344.44 | 15.66 | 173.3 | 11946.15 | 0.02 | 100.25 | 100.13 | 6.92 | 502.33 | 300.58 | 6.88 | 490.91 | 303.55 | 2.50 | 516.67 | 365.96 | 1.46 | 708.33 | 439.53 | 0.20 | 5.26 | 33.33 | 11.76 | 224.86 | 268.65 | 78.74 | -4.57 | -10.84 | 0.40 | -99.92 | -99.91 | 99.60 | 126.53 | 127.65 | 11.83 | 23.87 | 2.6 |
| 24Q1 (18) | -0.21 | 90.09 | 84.09 | 5.73 | 103.91 | -2.55 | -8.13 | 37.75 | 40.74 | -1.72 | 91.1 | 87.32 | -1.76 | 90.62 | 87.04 | -0.60 | 89.8 | 81.71 | -0.24 | 92.16 | 86.67 | 0.19 | 11.76 | 35.71 | 3.62 | 127.34 | 159.25 | 82.51 | 0.1 | 6.88 | 475.44 | 604.52 | 370.34 | -375.44 | -1254.62 | -34534.21 | 9.55 | -9.91 | -34.68 |
| 23Q4 (17) | -2.12 | -271.93 | 36.72 | 2.81 | 18.07 | 112.42 | -13.06 | -4.15 | 53.88 | -19.33 | -302.71 | 55.12 | -18.77 | -291.04 | 46.72 | -5.88 | -320.0 | 25.38 | -3.06 | -370.77 | 33.19 | 0.17 | 13.33 | 30.77 | -13.24 | -883.43 | 63.37 | 82.43 | -8.88 | 13.76 | 67.48 | -74.18 | 2.61 | 32.52 | 120.15 | -5.02 | 10.60 | 8.72 | 6725.0 |
| 23Q3 (16) | -0.57 | -58.33 | -290.0 | 2.38 | 1730.77 | -80.74 | -12.54 | 21.03 | -1206.25 | -4.80 | -39.13 | -195.43 | -4.80 | -42.01 | -215.38 | -1.40 | -48.94 | -218.64 | -0.65 | -51.16 | -192.86 | 0.15 | 0.0 | -6.25 | 1.69 | -47.02 | -82.89 | 90.46 | 2.43 | 33.84 | 261.38 | -43.08 | 1453.02 | -161.38 | 55.2 | -235.25 | 9.75 | -15.44 | 4.73 |
| 23Q2 (15) | -0.36 | 72.73 | -110.75 | 0.13 | -97.79 | -99.57 | -15.88 | -15.74 | -209.22 | -3.45 | 74.58 | -115.15 | -3.38 | 75.11 | -117.82 | -0.94 | 71.34 | -112.89 | -0.43 | 76.11 | -110.12 | 0.15 | 7.14 | -31.82 | 3.19 | 152.21 | -87.74 | 88.31 | 14.39 | 0.17 | 459.22 | 354.3 | 619.09 | -360.19 | -33127.91 | -1096.71 | 11.53 | -21.14 | -6.94 |
| 23Q1 (14) | -1.32 | 60.6 | -138.71 | 5.88 | 125.98 | -81.82 | -13.72 | 51.55 | -181.04 | -13.57 | 68.49 | -160.04 | -13.58 | 61.45 | -172.12 | -3.28 | 58.38 | -145.05 | -1.80 | 60.7 | -139.13 | 0.14 | 7.69 | -41.67 | -6.11 | 83.1 | -123.83 | 77.20 | 6.54 | 33.2 | 101.08 | 53.7 | 34.94 | -1.08 | -103.17 | -104.32 | 14.62 | 9237.5 | 16.31 |
| 22Q4 (13) | -3.35 | -1216.67 | -182.92 | -22.63 | -283.09 | -158.14 | -28.32 | -2850.0 | -213.69 | -43.07 | -956.26 | -270.51 | -35.23 | -946.88 | -279.84 | -7.88 | -767.8 | -182.95 | -4.58 | -754.29 | -177.36 | 0.13 | -18.75 | -56.67 | -36.15 | -465.89 | -229.94 | 72.46 | 7.21 | 21.05 | 65.77 | 440.44 | -33.29 | 34.23 | -71.31 | 2311.01 | -0.16 | -101.72 | -101.43 |
| 22Q3 (12) | 0.30 | -91.04 | -95.59 | 12.36 | -59.29 | -72.08 | -0.96 | -106.6 | -103.04 | 5.03 | -77.91 | -84.84 | 4.16 | -78.07 | -85.45 | 1.18 | -83.81 | -93.5 | 0.70 | -83.53 | -93.82 | 0.16 | -27.27 | -58.97 | 9.88 | -62.01 | -72.02 | 67.59 | -23.33 | 8.51 | -19.32 | -130.25 | -120.3 | 119.32 | 230.17 | 2362.29 | 9.31 | -24.86 | -23.56 |
| 22Q2 (11) | 3.35 | -1.76 | -27.49 | 30.36 | -6.15 | -17.18 | 14.54 | -14.12 | -44.71 | 22.77 | 0.75 | -6.33 | 18.97 | 0.74 | -9.41 | 7.29 | 0.14 | -46.83 | 4.25 | -7.61 | -50.52 | 0.22 | -8.33 | -46.34 | 26.01 | 1.44 | -1.81 | 88.16 | 52.1 | 49.75 | 63.86 | -14.75 | -40.98 | 36.14 | 44.05 | 541.0 | 12.39 | -1.43 | 23.41 |
| 22Q1 (10) | 3.41 | -15.59 | 48.26 | 32.35 | -16.88 | 40.59 | 16.93 | -32.04 | 32.99 | 22.60 | -10.53 | 53.74 | 18.83 | -3.88 | 45.74 | 7.28 | -23.37 | -4.21 | 4.60 | -22.3 | -3.16 | 0.24 | -20.0 | -35.14 | 25.64 | -7.84 | 50.47 | 57.96 | -3.17 | -6.06 | 74.91 | -24.01 | -13.49 | 25.09 | 1666.85 | 87.13 | 12.57 | 12.33 | 48.58 |
| 21Q4 (9) | 4.04 | -40.59 | 359.09 | 38.92 | -12.08 | 183.05 | 24.91 | -21.07 | 401.21 | 25.26 | -23.85 | 293.46 | 19.59 | -31.5 | 248.58 | 9.50 | -47.66 | 207.44 | 5.92 | -47.7 | 200.51 | 0.30 | -23.08 | -14.29 | 27.82 | -21.21 | 211.19 | 59.86 | -3.9 | -0.1 | 98.58 | 3.6 | 27.52 | 1.42 | -70.7 | -93.74 | 11.19 | -8.13 | 69.03 |
| 21Q3 (8) | 6.80 | 47.19 | 700.0 | 44.27 | 20.76 | 180.37 | 31.56 | 20.0 | 379.64 | 33.17 | 36.45 | 360.69 | 28.60 | 36.58 | 365.04 | 18.15 | 32.39 | 472.56 | 11.32 | 31.78 | 457.64 | 0.39 | -4.88 | 18.18 | 35.31 | 33.3 | 253.1 | 62.29 | 5.81 | 7.81 | 95.15 | -12.05 | 4.2 | 4.85 | 159.13 | -44.18 | 12.18 | 21.31 | 69.17 |
| 21Q2 (7) | 4.62 | 100.87 | 362.0 | 36.66 | 59.32 | 66.64 | 26.30 | 106.6 | 151.43 | 24.31 | 65.37 | 136.02 | 20.94 | 62.07 | 140.41 | 13.71 | 80.39 | 274.59 | 8.59 | 80.84 | 259.41 | 0.41 | 10.81 | 51.85 | 26.49 | 55.46 | 93.36 | 58.87 | -4.59 | 2.85 | 108.19 | 24.95 | 6.58 | -8.19 | -161.12 | -442.48 | 10.04 | 18.68 | 0 |
| 21Q1 (6) | 2.30 | 161.36 | 107.21 | 23.01 | 67.35 | 19.16 | 12.73 | 156.14 | 38.22 | 14.70 | 128.97 | 52.65 | 12.92 | 129.89 | 51.82 | 7.60 | 145.95 | 82.69 | 4.75 | 141.12 | 66.67 | 0.37 | 5.71 | 12.12 | 17.04 | 90.6 | 36.65 | 61.70 | 2.97 | 22.57 | 86.59 | 12.02 | -9.56 | 13.41 | -40.93 | 215.49 | 8.46 | 27.79 | 0 |
| 20Q4 (5) | 0.88 | 3.53 | 17.33 | 13.75 | -12.92 | -35.17 | 4.97 | -24.47 | -52.58 | 6.42 | -10.83 | -12.65 | 5.62 | -8.62 | -17.11 | 3.09 | -2.52 | 7.29 | 1.97 | -2.96 | -3.43 | 0.35 | 6.06 | 16.67 | 8.94 | -10.6 | -16.84 | 59.92 | 3.7 | 40.1 | 77.30 | -15.35 | -45.91 | 22.70 | 161.45 | 153.43 | 6.62 | -8.06 | 0 |
| 20Q3 (4) | 0.85 | -15.0 | 0.0 | 15.79 | -28.23 | 0.0 | 6.58 | -37.09 | 0.0 | 7.20 | -30.1 | 0.0 | 6.15 | -29.39 | 0.0 | 3.17 | -13.39 | 0.0 | 2.03 | -15.06 | 0.0 | 0.33 | 22.22 | 0.0 | 10.00 | -27.01 | 0.0 | 57.78 | 0.94 | 0.0 | 91.32 | -10.04 | 0.0 | 8.68 | 674.65 | 0.0 | 7.20 | 0 | 0.0 |
| 20Q2 (3) | 1.00 | -9.91 | 0.0 | 22.00 | 13.93 | 0.0 | 10.46 | 13.57 | 0.0 | 10.30 | 6.96 | 0.0 | 8.71 | 2.35 | 0.0 | 3.66 | -12.02 | 0.0 | 2.39 | -16.14 | 0.0 | 0.27 | -18.18 | 0.0 | 13.70 | 9.86 | 0.0 | 57.24 | 13.71 | 0.0 | 101.51 | 6.02 | 0.0 | -1.51 | -135.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.11 | 48.0 | 0.0 | 19.31 | -8.96 | 0.0 | 9.21 | -12.12 | 0.0 | 9.63 | 31.02 | 0.0 | 8.51 | 25.52 | 0.0 | 4.16 | 44.44 | 0.0 | 2.85 | 39.71 | 0.0 | 0.33 | 10.0 | 0.0 | 12.47 | 16.0 | 0.0 | 50.34 | 17.7 | 0.0 | 95.75 | -33.0 | 0.0 | 4.25 | 110.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.75 | 0.0 | 0.0 | 21.21 | 0.0 | 0.0 | 10.48 | 0.0 | 0.0 | 7.35 | 0.0 | 0.0 | 6.78 | 0.0 | 0.0 | 2.88 | 0.0 | 0.0 | 2.04 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 10.75 | 0.0 | 0.0 | 42.77 | 0.0 | 0.0 | 142.92 | 0.0 | 0.0 | -42.48 | 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) | -4.36 | 0 | 2.73 | -85.15 | -13.79 | 0 | 4.54 | 43.02 | -10.34 | 0 | -10.17 | 0 | -11.32 | 0 | -6.04 | 0 | 0.63 | -22.22 | -3.69 | 0 | 82.43 | 13.76 | 133.47 | 119.64 | -33.39 | 0 | 0.65 | 150.06 | 11.54 | 18.72 |
| 2022 (9) | 3.71 | -79.11 | 18.38 | -49.71 | 4.89 | -80.15 | 3.17 | 84.44 | 8.05 | -67.9 | 6.81 | -67.79 | 9.16 | -81.11 | 5.66 | -81.4 | 0.81 | -43.36 | 12.19 | -55.48 | 72.46 | 21.05 | 60.77 | -38.14 | 39.31 | 2118.07 | 0.26 | -37.71 | 9.72 | -8.39 |
| 2021 (8) | 17.76 | 361.3 | 36.55 | 110.66 | 24.64 | 225.93 | 1.72 | -15.86 | 25.08 | 205.48 | 21.14 | 197.75 | 48.49 | 245.86 | 30.43 | 226.5 | 1.43 | 10.0 | 27.38 | 147.56 | 59.86 | -0.1 | 98.23 | 6.65 | 1.77 | -77.55 | 0.42 | -51.82 | 10.61 | 36.9 |
| 2020 (7) | 3.85 | 116.29 | 17.35 | 15.36 | 7.56 | 57.5 | 2.04 | -38.62 | 8.21 | 70.69 | 7.10 | 68.25 | 14.02 | 102.31 | 9.32 | 88.66 | 1.30 | 13.04 | 11.06 | 23.99 | 59.92 | 40.1 | 92.11 | -7.73 | 7.89 | 4447.37 | 0.86 | 10.11 | 7.75 | -1.52 |
| 2019 (6) | 1.78 | -29.37 | 15.04 | -18.35 | 4.80 | -31.23 | 3.33 | -3.57 | 4.81 | -34.47 | 4.22 | -31.94 | 6.93 | -30.28 | 4.94 | -31.67 | 1.15 | -0.86 | 8.92 | -22.84 | 42.77 | 1.76 | 99.83 | 5.03 | 0.17 | -96.49 | 0.78 | -39.92 | 7.87 | -10.77 |
| 2018 (5) | 2.52 | -18.97 | 18.42 | -6.35 | 6.98 | -0.14 | 3.45 | 8.76 | 7.34 | -21.24 | 6.20 | -24.76 | 9.94 | -18.99 | 7.23 | -21.16 | 1.16 | 4.5 | 11.56 | -14.12 | 42.03 | 23.18 | 95.05 | 26.77 | 4.95 | -80.13 | 1.30 | 0 | 8.82 | -6.67 |
| 2017 (4) | 3.11 | 42.01 | 19.67 | 28.65 | 6.99 | 109.91 | 3.17 | 17.65 | 9.32 | 29.44 | 8.24 | 31.84 | 12.27 | 43.17 | 9.17 | 40.64 | 1.11 | 6.73 | 13.46 | 31.06 | 34.12 | 0.68 | 74.97 | 62.04 | 24.92 | -53.62 | 0.00 | 0 | 9.45 | 2.27 |
| 2016 (3) | 2.19 | 18.38 | 15.29 | -1.86 | 3.33 | -10.48 | 2.70 | 78.61 | 7.20 | 36.36 | 6.25 | 19.5 | 8.57 | 16.76 | 6.52 | 27.84 | 1.04 | 7.22 | 10.27 | 28.05 | 33.89 | 15.59 | 46.27 | -34.23 | 53.73 | 81.2 | 0.00 | 0 | 9.24 | 12.27 |
| 2015 (2) | 1.85 | -57.37 | 15.58 | -28.27 | 3.72 | -60.76 | 1.51 | 46.51 | 5.28 | -60.89 | 5.23 | -54.72 | 7.34 | -60.09 | 5.10 | -58.67 | 0.97 | -9.35 | 8.02 | -50.25 | 29.32 | -51.09 | 70.35 | 0.11 | 29.65 | -0.25 | 0.00 | 0 | 8.23 | -7.32 |
| 2014 (1) | 4.34 | 65.65 | 21.72 | 0 | 9.48 | 0 | 1.03 | -6.46 | 13.50 | 0 | 11.55 | 0 | 18.39 | 0 | 12.34 | 0 | 1.07 | 12.63 | 16.12 | 18.79 | 59.95 | 62.33 | 70.27 | 20.97 | 29.73 | -29.3 | 0.00 | 0 | 8.88 | -23.05 |
