- 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) | 1.22 | 1455.56 | 1120.0 | 35.09 | 249.5 | 139.2 | 20.00 | 358.4 | 492.16 | 18.60 | 1262.5 | 620.93 | 16.61 | 1125.31 | 827.93 | 3.89 | 1441.38 | 1154.84 | 3.17 | 1861.11 | 956.67 | 0.19 | 35.71 | 46.15 | 21.40 | 1044.39 | 235.95 | 23.65 | -8.76 | -19.67 | 107.55 | -77.19 | 153.77 | -7.55 | 97.97 | -102.52 | 10.62 | -18.18 | -24.73 |
| 24Q2 (19) | -0.09 | 50.0 | 82.35 | 10.04 | 64.32 | 74.31 | -7.74 | 54.97 | 51.99 | -1.60 | 59.49 | 84.47 | -1.62 | 59.19 | 84.29 | -0.29 | 50.0 | 81.88 | -0.18 | 53.85 | 84.07 | 0.14 | 27.27 | 16.67 | 1.87 | 0 | 134.0 | 25.92 | 2.25 | -24.37 | 471.43 | 10.0 | 196.54 | -371.43 | -13.04 | -558.44 | 12.98 | -24.8 | -16.04 |
| 24Q1 (18) | -0.18 | 85.0 | 91.39 | 6.11 | 3718.75 | 119.9 | -17.19 | 10.28 | 64.77 | -3.95 | 85.18 | 91.85 | -3.97 | 81.32 | 89.73 | -0.58 | 84.94 | 90.85 | -0.39 | 86.51 | 91.47 | 0.11 | -21.43 | -8.33 | 0.00 | 100.0 | 100.0 | 25.35 | -19.19 | -20.81 | 428.57 | 496.94 | 326.47 | -328.57 | -1264.94 | -66600.0 | 17.26 | 26.08 | 36.55 |
| 23Q4 (17) | -1.20 | -1300.0 | -130.77 | 0.16 | -98.91 | -97.81 | -19.16 | -275.69 | -79.74 | -26.66 | -1133.33 | -116.92 | -21.25 | -1287.15 | -123.92 | -3.85 | -1341.94 | -153.29 | -2.89 | -1063.33 | -183.33 | 0.14 | 7.69 | 27.27 | -23.92 | -475.51 | -206.67 | 31.37 | 6.56 | -23.15 | 71.79 | 135.9 | -17.04 | 28.21 | -90.6 | 109.52 | 13.69 | -2.98 | 15.92 |
| 23Q3 (16) | 0.10 | 119.61 | 350.0 | 14.67 | 154.69 | -28.51 | -5.10 | 68.36 | -48.26 | 2.58 | 125.05 | 236.51 | 1.79 | 117.36 | 286.46 | 0.31 | 119.38 | 338.46 | 0.30 | 126.55 | 600.0 | 0.13 | 8.33 | 30.0 | 6.37 | 215.82 | 103.51 | 29.44 | -14.09 | -34.26 | -200.00 | -225.81 | -216.67 | 300.00 | 631.82 | 520.0 | 14.11 | -8.73 | -16.85 |
| 23Q2 (15) | -0.51 | 75.6 | -164.56 | 5.76 | 118.76 | -81.84 | -16.12 | 66.96 | -209.88 | -10.30 | 78.76 | -165.56 | -10.31 | 73.32 | -196.45 | -1.60 | 74.76 | -171.75 | -1.13 | 75.27 | -169.33 | 0.12 | 0.0 | -20.0 | -5.50 | 87.51 | -129.18 | 34.27 | 7.06 | 2.3 | 158.97 | 58.2 | 70.33 | -56.41 | -11351.28 | -946.15 | 15.46 | 22.31 | 18.38 |
| 23Q1 (14) | -2.09 | -301.92 | -253.68 | -30.70 | -520.55 | -199.74 | -48.79 | -357.69 | -398.05 | -48.49 | -294.55 | -370.89 | -38.64 | -307.17 | -351.24 | -6.34 | -317.11 | -268.17 | -4.57 | -348.04 | -271.16 | 0.12 | 9.09 | -29.41 | -44.02 | -464.36 | -300.18 | 32.01 | -21.58 | -22.77 | 100.49 | 16.12 | 9.47 | -0.49 | -103.66 | -106.01 | 12.64 | 7.03 | 35.33 |
| 22Q4 (13) | -0.52 | -1200.0 | -131.14 | 7.30 | -64.42 | -77.93 | -10.66 | -209.88 | -162.05 | -12.29 | -550.26 | -170.43 | -9.49 | -888.54 | -164.34 | -1.52 | -1069.23 | -131.47 | -1.02 | -1600.0 | -129.65 | 0.11 | 10.0 | -52.17 | -7.80 | -349.2 | -137.63 | 40.82 | -8.84 | -2.9 | 86.54 | -49.52 | -12.31 | 13.46 | 118.85 | 923.08 | 11.81 | -30.41 | 2.16 |
| 22Q3 (12) | -0.04 | -105.06 | -101.26 | 20.52 | -35.31 | -46.66 | -3.44 | -123.45 | -112.85 | -1.89 | -112.03 | -106.98 | -0.96 | -108.98 | -104.35 | -0.13 | -105.83 | -101.37 | -0.06 | -103.68 | -100.88 | 0.10 | -33.33 | -67.74 | 3.13 | -83.4 | -89.46 | 44.78 | 33.67 | 10.84 | 171.43 | 83.67 | 73.73 | -71.43 | -1171.43 | -7290.48 | 16.97 | 29.94 | 103.72 |
| 22Q2 (11) | 0.79 | -41.91 | -75.47 | 31.72 | 3.05 | -20.66 | 14.67 | -10.38 | -47.1 | 15.71 | -12.23 | -43.57 | 10.69 | -30.49 | -53.3 | 2.23 | -40.85 | -78.05 | 1.63 | -38.95 | -78.09 | 0.15 | -11.76 | -53.12 | 18.85 | -14.28 | -37.97 | 33.50 | -19.18 | -16.75 | 93.33 | 1.67 | -6.36 | 6.67 | -18.67 | 1913.33 | 13.06 | 39.83 | 46.41 |
| 22Q1 (10) | 1.36 | -18.56 | -11.11 | 30.78 | -6.95 | 20.52 | 16.37 | -4.71 | 12.28 | 17.90 | 2.58 | 19.73 | 15.38 | 4.27 | 20.34 | 3.77 | -21.95 | -27.64 | 2.67 | -22.38 | -31.36 | 0.17 | -26.09 | -43.33 | 21.99 | 6.08 | 22.3 | 41.45 | -1.4 | 23.95 | 91.80 | -6.97 | -6.16 | 8.20 | 522.95 | 277.05 | 9.34 | -19.2 | 31.36 |
| 21Q4 (9) | 1.67 | -47.48 | -2.91 | 33.08 | -14.01 | 59.81 | 17.18 | -35.82 | 33.7 | 17.45 | -35.54 | 41.99 | 14.75 | -33.11 | 40.08 | 4.83 | -49.1 | -22.22 | 3.44 | -49.34 | -24.56 | 0.23 | -25.81 | -46.51 | 20.73 | -30.23 | 42.87 | 42.04 | 4.06 | 15.02 | 98.68 | 0.01 | -5.58 | 1.32 | 32.46 | 129.14 | 11.56 | 38.78 | 121.88 |
| 21Q3 (8) | 3.18 | -1.24 | 165.0 | 38.47 | -3.78 | 80.87 | 26.77 | -3.46 | 140.74 | 27.07 | -2.77 | 135.39 | 22.05 | -3.67 | 120.94 | 9.49 | -6.59 | 107.66 | 6.79 | -8.74 | 108.92 | 0.31 | -3.13 | -3.13 | 29.71 | -2.24 | 102.94 | 40.40 | 0.4 | 8.08 | 98.68 | -1.0 | 2.51 | 0.99 | 200.0 | -73.43 | 8.33 | -6.61 | 38.6 |
| 21Q2 (7) | 3.22 | 110.46 | 1912.5 | 39.98 | 56.54 | 143.78 | 27.73 | 90.19 | 1748.67 | 27.84 | 86.22 | 923.53 | 22.89 | 79.11 | 869.92 | 10.16 | 95.01 | 1538.71 | 7.44 | 91.26 | 1388.0 | 0.32 | 6.67 | 60.0 | 30.39 | 69.02 | 299.34 | 40.24 | 20.33 | -13.54 | 99.67 | 1.88 | 86.88 | 0.33 | -84.77 | -99.29 | 8.92 | 25.46 | 0 |
| 21Q1 (6) | 1.53 | -11.05 | 173.21 | 25.54 | 23.38 | 22.32 | 14.58 | 13.46 | 81.57 | 14.95 | 21.64 | 76.92 | 12.78 | 21.37 | 77.25 | 5.21 | -16.1 | 152.91 | 3.89 | -14.69 | 122.29 | 0.30 | -30.23 | 25.0 | 17.98 | 23.91 | 56.35 | 33.44 | -8.51 | 88.08 | 97.83 | -6.4 | 3.94 | 2.17 | 148.14 | -63.04 | 7.11 | 36.47 | -15.76 |
| 20Q4 (5) | 1.72 | 43.33 | 132.43 | 20.70 | -2.68 | 5.13 | 12.85 | 15.56 | 45.2 | 12.29 | 6.87 | 26.18 | 10.53 | 5.51 | 24.91 | 6.21 | 35.89 | 124.19 | 4.56 | 40.31 | 96.55 | 0.43 | 34.37 | 59.26 | 14.51 | -0.89 | 18.55 | 36.55 | -2.22 | 113.24 | 104.52 | 8.58 | 14.97 | -4.52 | -220.81 | -149.68 | 5.21 | -13.31 | -18.59 |
| 20Q3 (4) | 1.20 | 650.0 | 0.0 | 21.27 | 29.7 | 0.0 | 11.12 | 641.33 | 0.0 | 11.50 | 322.79 | 0.0 | 9.98 | 322.88 | 0.0 | 4.57 | 637.1 | 0.0 | 3.25 | 550.0 | 0.0 | 0.32 | 60.0 | 0.0 | 14.64 | 92.38 | 0.0 | 37.38 | -19.68 | 0.0 | 96.26 | 80.49 | 0.0 | 3.74 | -91.99 | 0.0 | 6.01 | 0 | 0.0 |
| 20Q2 (3) | 0.16 | -71.43 | 0.0 | 16.40 | -21.46 | 0.0 | 1.50 | -81.32 | 0.0 | 2.72 | -67.81 | 0.0 | 2.36 | -67.27 | 0.0 | 0.62 | -69.9 | 0.0 | 0.50 | -71.43 | 0.0 | 0.20 | -16.67 | 0.0 | 7.61 | -33.83 | 0.0 | 46.54 | 161.75 | 0.0 | 53.33 | -43.33 | 0.0 | 46.67 | 693.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.56 | -24.32 | 0.0 | 20.88 | 6.04 | 0.0 | 8.03 | -9.27 | 0.0 | 8.45 | -13.24 | 0.0 | 7.21 | -14.47 | 0.0 | 2.06 | -25.63 | 0.0 | 1.75 | -24.57 | 0.0 | 0.24 | -11.11 | 0.0 | 11.50 | -6.05 | 0.0 | 17.78 | 3.73 | 0.0 | 94.12 | 3.53 | 0.0 | 5.88 | -35.29 | 0.0 | 8.44 | 31.87 | 0.0 |
| 19Q4 (1) | 0.74 | 0.0 | 0.0 | 19.69 | 0.0 | 0.0 | 8.85 | 0.0 | 0.0 | 9.74 | 0.0 | 0.0 | 8.43 | 0.0 | 0.0 | 2.77 | 0.0 | 0.0 | 2.32 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 12.24 | 0.0 | 0.0 | 17.14 | 0.0 | 0.0 | 90.91 | 0.0 | 0.0 | 9.09 | 0.0 | 0.0 | 6.40 | 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) | -3.70 | 0 | -2.62 | 0 | -22.33 | 0 | 3.13 | -10.64 | -20.94 | 0 | -17.24 | 0 | -11.45 | 0 | -8.14 | 0 | 0.49 | -9.26 | -17.02 | 0 | 31.37 | -23.15 | 106.61 | 18.2 | -6.61 | 0 | 6.39 | 16.5 | 13.94 | 13.98 |
| 2022 (9) | 1.59 | -83.45 | 24.37 | -29.79 | 6.83 | -69.12 | 3.50 | 34.45 | 7.56 | -66.22 | 6.04 | -67.42 | 4.57 | -84.78 | 3.34 | -84.53 | 0.54 | -53.45 | 11.58 | -54.14 | 40.82 | -2.9 | 90.20 | -8.78 | 9.80 | 776.47 | 5.49 | 3.82 | 12.23 | 37.11 |
| 2021 (8) | 9.61 | 163.29 | 34.71 | 71.92 | 22.12 | 128.99 | 2.60 | -3.73 | 22.38 | 127.67 | 18.54 | 119.41 | 30.02 | 128.64 | 21.59 | 107.4 | 1.16 | -4.92 | 25.25 | 96.35 | 42.04 | 15.02 | 98.88 | 0.42 | 1.12 | -39.04 | 5.28 | -23.1 | 8.92 | 42.04 |
| 2020 (7) | 3.65 | 81.59 | 20.19 | 1.25 | 9.66 | 42.06 | 2.70 | 8.8 | 9.83 | 23.8 | 8.45 | 24.26 | 13.13 | 78.88 | 10.41 | 62.4 | 1.22 | 29.79 | 12.86 | 10.48 | 36.55 | 113.24 | 98.47 | 14.88 | 1.83 | -87.16 | 6.87 | -20.62 | 6.28 | -16.38 |
| 2019 (6) | 2.01 | -7.37 | 19.94 | -13.64 | 6.80 | -23.16 | 2.48 | 40.39 | 7.94 | -14.99 | 6.80 | -12.14 | 7.34 | -26.67 | 6.41 | -24.59 | 0.94 | -14.55 | 11.64 | -7.91 | 17.14 | 36.9 | 85.71 | -9.52 | 14.29 | 171.43 | 8.66 | -10.07 | 7.51 | -15.9 |
| 2018 (5) | 2.17 | -28.15 | 23.09 | -20.82 | 8.85 | -38.71 | 1.77 | -2.08 | 9.34 | -33.14 | 7.74 | -34.96 | 10.01 | -55.39 | 8.50 | -51.26 | 1.10 | -24.66 | 12.64 | -27.27 | 12.52 | -58.46 | 94.74 | -8.32 | 5.26 | 0 | 9.63 | 0 | 8.93 | -7.37 |
| 2017 (4) | 3.02 | 52.53 | 29.16 | 1.96 | 14.44 | 43.4 | 1.81 | -18.02 | 13.97 | 29.95 | 11.90 | 27.0 | 22.44 | 31.0 | 17.44 | 26.47 | 1.46 | -0.68 | 17.38 | 16.96 | 30.14 | 9.8 | 103.33 | 9.88 | -3.33 | 0 | 0.00 | 0 | 9.64 | -0.1 |
| 2016 (3) | 1.98 | 1220.0 | 28.60 | -13.6 | 10.07 | 372.77 | 2.20 | -51.63 | 10.75 | 411.9 | 9.37 | 559.86 | 17.13 | 1081.38 | 13.79 | 985.83 | 1.47 | 65.17 | 14.86 | 40.99 | 27.45 | 34.76 | 94.04 | -5.96 | 6.62 | 0 | 0.00 | 0 | 9.65 | -48.03 |
| 2015 (2) | 0.15 | 0 | 33.10 | -24.48 | 2.13 | 0 | 4.56 | -39.93 | 2.10 | 0 | 1.42 | 0 | 1.45 | 0 | 1.27 | 0 | 0.89 | 74.51 | 10.54 | -23.73 | 20.37 | 143.95 | 100.00 | -61.54 | 0.00 | 0 | 0.00 | 0 | 18.57 | -33.27 |
| 2014 (1) | -0.07 | 0 | 43.83 | 0 | -3.58 | 0 | 7.59 | 7.75 | -1.26 | 0 | -1.29 | 0 | -0.71 | 0 | -0.66 | 0 | 0.51 | 70.0 | 13.82 | 84.02 | 8.35 | 73.6 | 260.00 | 124.86 | -180.00 | 0 | 0.00 | 0 | 27.83 | -21.98 |
