- 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) | 2.01 | -22.09 | 28.03 | 21.41 | -13.77 | 15.67 | 8.57 | -38.12 | 42.83 | 9.79 | -3.74 | 38.87 | 6.82 | -11.08 | 37.78 | 3.81 | -17.17 | 22.9 | 1.70 | -12.82 | 20.57 | 0.19 | -5.0 | -9.52 | 13.67 | -1.3 | 26.81 | 188.33 | -4.21 | -4.93 | 87.50 | -35.76 | 2.73 | 12.39 | 134.32 | -16.43 | 8.73 | 16.87 | 1.28 |
| 24Q2 (19) | 2.58 | -28.73 | 155.45 | 24.83 | -6.05 | 60.61 | 13.85 | -2.53 | 569.08 | 10.17 | -25.11 | 88.33 | 7.67 | -21.17 | 84.82 | 4.60 | -29.56 | 100.0 | 1.95 | -25.57 | 77.27 | 0.20 | -13.04 | 5.26 | 13.85 | -17.41 | 50.38 | 196.61 | -0.92 | -7.15 | 136.20 | 30.13 | 254.9 | -36.11 | -684.77 | -158.59 | 7.47 | -21.94 | -18.54 |
| 24Q1 (18) | 3.62 | 39.23 | 3922.22 | 26.43 | 33.89 | 129.23 | 14.21 | 45.74 | 2350.0 | 13.58 | 64.41 | 1013.11 | 9.73 | 47.42 | 1131.65 | 6.53 | 37.18 | 1319.57 | 2.62 | 30.35 | 627.78 | 0.23 | -8.0 | 9.52 | 16.77 | 48.8 | 324.56 | 198.44 | 6.09 | 10.76 | 104.67 | -11.3 | 119.31 | -4.60 | 74.44 | -108.8 | 9.57 | 41.15 | 25.43 |
| 23Q4 (17) | 2.60 | 65.61 | 276.81 | 19.74 | 6.65 | 77.84 | 9.75 | 62.5 | 557.75 | 8.26 | 17.16 | 657.8 | 6.60 | 33.33 | 140.88 | 4.76 | 53.55 | 193.83 | 2.01 | 42.55 | 151.25 | 0.25 | 19.05 | 19.05 | 11.27 | 4.55 | 191.21 | 187.05 | -5.57 | 1.37 | 118.00 | 38.54 | 160.11 | -18.00 | -221.41 | -106.08 | 6.78 | -21.35 | -13.3 |
| 23Q3 (16) | 1.57 | 55.45 | 185.45 | 18.51 | 19.73 | 50.24 | 6.00 | 189.86 | 192.68 | 7.05 | 30.56 | 75.81 | 4.95 | 19.28 | 156.48 | 3.10 | 34.78 | 124.64 | 1.41 | 28.18 | 101.43 | 0.21 | 10.53 | -16.0 | 10.78 | 17.05 | 72.76 | 198.09 | -6.46 | 11.88 | 85.17 | 121.93 | 66.16 | 14.83 | -75.94 | -69.75 | 8.62 | -6.0 | 43.67 |
| 23Q2 (15) | 1.01 | 1022.22 | 621.43 | 15.46 | 34.08 | 43.15 | 2.07 | 256.9 | 14.36 | 5.40 | 342.62 | 7814.29 | 4.15 | 425.32 | 2493.75 | 2.30 | 400.0 | 1990.91 | 1.10 | 205.56 | 450.0 | 0.19 | -9.52 | -20.83 | 9.21 | 133.16 | 367.51 | 211.76 | 18.2 | 9.49 | 38.38 | -19.59 | 101.7 | 61.62 | 17.88 | -97.39 | 9.17 | 20.18 | 91.44 |
| 23Q1 (14) | 0.09 | -86.96 | -95.05 | 11.53 | 3.87 | -25.61 | 0.58 | 127.23 | -89.18 | 1.22 | 11.93 | -81.71 | 0.79 | -71.17 | -84.36 | 0.46 | -71.6 | -87.67 | 0.36 | -55.0 | -76.92 | 0.21 | 0.0 | -25.0 | 3.95 | 2.07 | -52.98 | 179.16 | -2.9 | 3.5 | 47.73 | 124.31 | -40.64 | 52.27 | -82.36 | 166.67 | 7.63 | -2.43 | 23.66 |
| 22Q4 (13) | 0.69 | 25.45 | 213.64 | 11.10 | -9.9 | 4.23 | -2.13 | -203.9 | -213.3 | 1.09 | -72.82 | -63.91 | 2.74 | 41.97 | 174.0 | 1.62 | 17.39 | 100.0 | 0.80 | 14.29 | 95.12 | 0.21 | -16.0 | -30.0 | 3.87 | -37.98 | -11.03 | 184.52 | 4.22 | 16.04 | -196.30 | -482.94 | -415.51 | 296.30 | 504.44 | 684.16 | 7.82 | 30.33 | 58.94 |
| 22Q3 (12) | 0.55 | 292.86 | 292.86 | 12.32 | 14.07 | 17.33 | 2.05 | 13.26 | -46.89 | 4.01 | 5828.57 | 389.02 | 1.93 | 1106.25 | 4925.0 | 1.38 | 1154.55 | 4700.0 | 0.70 | 250.0 | 536.36 | 0.25 | 4.17 | -10.71 | 6.24 | 216.75 | 176.11 | 177.05 | -8.45 | 1.1 | 51.26 | 102.27 | -89.14 | 49.02 | -97.92 | 113.17 | 6.00 | 25.26 | 112.77 |
| 22Q2 (11) | 0.14 | -92.31 | -97.69 | 10.80 | -30.32 | -40.66 | 1.81 | -66.23 | -81.36 | -0.07 | -101.05 | -100.39 | 0.16 | -96.83 | -98.9 | 0.11 | -97.05 | -99.16 | 0.20 | -87.18 | -95.8 | 0.24 | -14.29 | -25.0 | 1.97 | -76.55 | -89.71 | 193.40 | 11.73 | 13.13 | -2257.14 | -2907.46 | -4264.68 | 2357.14 | 11925.11 | 5040.41 | 4.79 | -22.37 | -12.75 |
| 22Q1 (10) | 1.82 | 727.27 | -38.1 | 15.50 | 45.54 | -18.72 | 5.36 | 185.11 | -32.41 | 6.67 | 120.86 | -38.13 | 5.05 | 405.0 | -35.09 | 3.73 | 360.49 | -46.25 | 1.56 | 280.49 | -36.33 | 0.28 | -6.67 | -6.67 | 8.40 | 93.1 | -30.58 | 173.10 | 8.86 | -11.7 | 80.40 | 29.23 | 9.28 | 19.60 | -48.12 | -25.83 | 6.17 | 25.41 | -23.73 |
| 21Q4 (9) | 0.22 | 57.14 | -84.4 | 10.65 | 1.43 | -14.39 | 1.88 | -51.3 | -48.35 | 3.02 | 268.29 | -48.73 | 1.00 | 2600.0 | -72.07 | 0.81 | 2800.0 | -76.72 | 0.41 | 272.73 | -67.46 | 0.30 | 7.14 | -6.25 | 4.35 | 92.48 | -40.0 | 159.01 | -9.2 | -17.35 | 62.21 | -86.82 | 0.86 | 37.79 | 110.15 | -1.38 | 4.92 | 74.47 | 1.86 |
| 21Q3 (8) | 0.14 | -97.69 | -89.78 | 10.50 | -42.31 | -0.1 | 3.86 | -60.25 | 2.39 | 0.82 | -95.43 | -84.47 | -0.04 | -100.27 | -101.11 | -0.03 | -100.23 | -100.81 | 0.11 | -97.69 | -91.67 | 0.28 | -12.5 | -17.65 | 2.26 | -88.19 | -66.27 | 175.13 | 2.44 | -15.85 | 472.15 | 771.17 | 559.86 | -372.15 | -911.58 | -1408.26 | 2.82 | -48.63 | -34.72 |
| 21Q2 (7) | 6.05 | 105.78 | 384.0 | 18.20 | -4.56 | 29.63 | 9.71 | 22.45 | 134.54 | 17.93 | 66.33 | 260.76 | 14.61 | 87.79 | 286.51 | 13.16 | 89.63 | 281.45 | 4.76 | 94.29 | 283.87 | 0.32 | 6.67 | 10.34 | 19.14 | 58.18 | 179.82 | 170.96 | -12.79 | -14.99 | 54.20 | -26.33 | -35.03 | 45.86 | 73.51 | 172.22 | 5.49 | -32.14 | 0 |
| 21Q1 (6) | 2.94 | 108.51 | 42.72 | 19.07 | 53.3 | -19.74 | 7.93 | 117.86 | -38.57 | 10.78 | 83.02 | 24.62 | 7.78 | 117.32 | 25.08 | 6.94 | 99.43 | 24.82 | 2.45 | 94.44 | 30.32 | 0.30 | -6.25 | 7.14 | 12.10 | 66.9 | 14.04 | 196.03 | 1.89 | -14.69 | 73.57 | 19.27 | -50.77 | 26.43 | -31.02 | 153.63 | 8.09 | 67.49 | 12.05 |
| 20Q4 (5) | 1.41 | 2.92 | 222.61 | 12.44 | 18.36 | 45.84 | 3.64 | -3.45 | 450.0 | 5.89 | 11.55 | 270.72 | 3.58 | -0.83 | 204.68 | 3.48 | -6.2 | 212.99 | 1.26 | -4.55 | 259.49 | 0.32 | -5.88 | 14.29 | 7.25 | 8.21 | 637.04 | 192.39 | -7.56 | -8.79 | 61.69 | -13.79 | 105.06 | 38.31 | 34.69 | -45.2 | 4.83 | 11.81 | -1.63 |
| 20Q3 (4) | 1.37 | 9.6 | 0.0 | 10.51 | -25.14 | 0.0 | 3.77 | -8.94 | 0.0 | 5.28 | 6.24 | 0.0 | 3.61 | -4.5 | 0.0 | 3.71 | 7.54 | 0.0 | 1.32 | 6.45 | 0.0 | 0.34 | 17.24 | 0.0 | 6.70 | -2.05 | 0.0 | 208.12 | 3.49 | 0.0 | 71.55 | -14.23 | 0.0 | 28.45 | 68.87 | 0.0 | 4.32 | 0 | 0.0 |
| 20Q2 (3) | 1.25 | -39.32 | 0.0 | 14.04 | -40.91 | 0.0 | 4.14 | -67.93 | 0.0 | 4.97 | -42.54 | 0.0 | 3.78 | -39.23 | 0.0 | 3.45 | -37.95 | 0.0 | 1.24 | -34.04 | 0.0 | 0.29 | 3.57 | 0.0 | 6.84 | -35.53 | 0.0 | 201.10 | -12.48 | 0.0 | 83.42 | -44.18 | 0.0 | 16.84 | 134.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 2.06 | 279.13 | 0.0 | 23.76 | 178.55 | 0.0 | 12.91 | 1341.35 | 0.0 | 8.65 | 350.72 | 0.0 | 6.22 | 281.87 | 0.0 | 5.56 | 280.52 | 0.0 | 1.88 | 337.97 | 0.0 | 0.28 | 0.0 | 0.0 | 10.61 | 885.93 | 0.0 | 229.78 | 8.93 | 0.0 | 149.44 | 396.78 | 0.0 | -49.28 | -170.48 | 0.0 | 7.22 | 47.05 | 0.0 |
| 19Q4 (1) | -1.15 | 0.0 | 0.0 | 8.53 | 0.0 | 0.0 | -1.04 | 0.0 | 0.0 | -3.45 | 0.0 | 0.0 | -3.42 | 0.0 | 0.0 | -3.08 | 0.0 | 0.0 | -0.79 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | -1.35 | 0.0 | 0.0 | 210.94 | 0.0 | 0.0 | 30.08 | 0.0 | 0.0 | 69.92 | 0.0 | 0.0 | 4.91 | 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) | 5.21 | 63.32 | 16.80 | 33.65 | 5.27 | 160.89 | 1.18 | 15.95 | 5.87 | 88.75 | 4.44 | 74.8 | 10.60 | 51.43 | 4.99 | 48.51 | 0.84 | -17.65 | 9.16 | 73.81 | 187.05 | 1.37 | 89.83 | 37.85 | 10.17 | -70.8 | 1.14 | -41.72 | 7.92 | 29.2 |
| 2022 (9) | 3.19 | -65.1 | 12.57 | -13.79 | 2.02 | -65.47 | 1.02 | 37.82 | 3.11 | -62.39 | 2.54 | -57.38 | 7.00 | -66.93 | 3.36 | -58.92 | 1.02 | -21.54 | 5.27 | -45.05 | 184.52 | 16.04 | 65.16 | -7.99 | 34.84 | 19.4 | 1.95 | -10.26 | 6.13 | 15.88 |
| 2021 (8) | 9.14 | 49.84 | 14.58 | -1.62 | 5.85 | -0.17 | 0.74 | -21.04 | 8.27 | 34.91 | 5.96 | 41.23 | 21.17 | 38.91 | 8.18 | 45.55 | 1.30 | 6.56 | 9.59 | 23.58 | 159.01 | -17.35 | 70.82 | -25.95 | 29.18 | 569.74 | 2.17 | -19.76 | 5.29 | -2.22 |
| 2020 (7) | 6.10 | 221.05 | 14.82 | 33.88 | 5.86 | 1262.79 | 0.93 | -26.54 | 6.13 | 150.2 | 4.22 | 162.11 | 15.24 | 198.24 | 5.62 | 140.17 | 1.22 | 14.02 | 7.76 | 65.11 | 192.39 | -4.75 | 95.64 | 448.41 | 4.36 | -94.72 | 2.71 | 15.72 | 5.41 | -11.31 |
| 2019 (6) | 1.90 | 0 | 11.07 | 82.98 | 0.43 | 0 | 1.27 | 40.17 | 2.45 | 0 | 1.61 | 0 | 5.11 | 0 | 2.34 | 0 | 1.07 | -14.4 | 4.70 | 416.48 | 201.99 | 6.63 | 17.44 | -94.52 | 82.56 | 0 | 2.34 | -18.12 | 6.10 | 26.29 |
| 2018 (5) | -0.82 | 0 | 6.05 | -55.84 | -2.44 | 0 | 0.91 | 14.94 | -0.77 | 0 | -0.72 | 0 | -2.54 | 0 | -0.23 | 0 | 1.25 | 2.46 | 0.91 | -89.33 | 189.43 | 8.36 | 318.11 | 290.12 | -218.11 | 0 | 2.86 | 0 | 4.83 | 14.18 |
| 2017 (4) | 8.00 | 28.82 | 13.70 | -3.79 | 5.77 | 17.52 | 0.79 | 5.4 | 7.07 | 1.87 | 5.55 | -1.6 | 18.70 | 17.31 | 7.37 | 16.06 | 1.22 | 19.61 | 8.53 | 0.95 | 174.82 | -0.82 | 81.54 | 15.27 | 18.46 | -36.91 | 0.00 | 0 | 4.23 | -22.95 |
| 2016 (3) | 6.21 | 0 | 14.24 | 136.54 | 4.91 | 0 | 0.75 | -13.09 | 6.94 | 6840.0 | 5.64 | 0 | 15.94 | 0 | 6.35 | 2440.0 | 1.02 | 5.15 | 8.45 | 409.04 | 176.27 | 0.25 | 70.74 | 0 | 29.26 | -98.76 | 0.00 | 0 | 5.49 | 7.86 |
| 2015 (2) | -0.20 | 0 | 6.02 | 1.18 | -2.13 | 0 | 0.86 | 59.62 | 0.10 | -97.0 | -0.24 | 0 | -0.61 | 0 | 0.25 | -94.39 | 0.97 | -32.64 | 1.66 | -61.4 | 175.83 | 18.17 | -2268.42 | 0 | 2368.42 | 2012.79 | 0.00 | 0 | 5.09 | 30.85 |
| 2014 (1) | 3.52 | -61.23 | 5.95 | 0 | -0.40 | 0 | 0.54 | 16.74 | 3.33 | 0 | 2.78 | 0 | 9.03 | 0 | 4.46 | 0 | 1.44 | -24.21 | 4.30 | -48.93 | 148.80 | 43.68 | -12.10 | 0 | 112.10 | 1623.61 | 0.00 | 0 | 3.89 | 4.85 |
