- 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) | 3.19 | 513.46 | 866.67 | 27.67 | 0.65 | -11.0 | 12.15 | -13.34 | -13.58 | 113.59 | 614.85 | 559.26 | 90.90 | 473.86 | 562.54 | 7.28 | 496.72 | 746.51 | 5.44 | 478.72 | 724.24 | 0.06 | 0.0 | 20.0 | 128.64 | 307.73 | 304.78 | 33.36 | -5.47 | -3.44 | 10.71 | -87.92 | -86.9 | 89.29 | 690.82 | 391.07 | 22.72 | 13.26 | -16.38 |
| 24Q2 (19) | 0.52 | 40.54 | -72.04 | 27.49 | -7.28 | 7.93 | 14.02 | -3.51 | 20.76 | 15.89 | -11.82 | -80.2 | 15.84 | 10.31 | -75.14 | 1.22 | 40.23 | -76.17 | 0.94 | 38.24 | -75.13 | 0.06 | 20.0 | 0.0 | 31.55 | -9.44 | -65.47 | 35.29 | 16.55 | 11.01 | 88.71 | 10.39 | 518.5 | 11.29 | -42.52 | -86.82 | 20.06 | -16.24 | -7.64 |
| 24Q1 (18) | 0.37 | 1333.33 | -44.78 | 29.65 | 28.19 | -17.62 | 14.53 | 374.84 | -36.96 | 18.02 | 610.48 | -21.75 | 14.36 | 1258.06 | -22.63 | 0.87 | 1187.5 | -49.71 | 0.68 | 1800.0 | -46.46 | 0.05 | 0.0 | -28.57 | 34.84 | 181.65 | 6.38 | 30.28 | -2.92 | -26.86 | 80.36 | 189.29 | -19.64 | 19.64 | -89.66 | 0 | 23.95 | -13.13 | 17.23 |
| 23Q4 (17) | -0.03 | -109.09 | -103.66 | 23.13 | -25.6 | -37.01 | 3.06 | -78.24 | -81.93 | -3.53 | -120.49 | -108.17 | -1.24 | -109.04 | -103.56 | -0.08 | -109.3 | -103.65 | -0.04 | -106.06 | -102.42 | 0.05 | 0.0 | 0.0 | 12.37 | -61.08 | -77.81 | 31.19 | -9.73 | -14.97 | -90.00 | -210.0 | -329.74 | 190.00 | 945.0 | 212.37 | 27.57 | 1.47 | 4.0 |
| 23Q3 (16) | 0.33 | -82.26 | -35.29 | 31.09 | 22.07 | 1.77 | 14.06 | 21.1 | -9.17 | 17.23 | -78.53 | -15.75 | 13.72 | -78.47 | -14.04 | 0.86 | -83.2 | -37.68 | 0.66 | -82.54 | -37.74 | 0.05 | -16.67 | -28.57 | 31.78 | -65.22 | 11.43 | 34.55 | 8.68 | 15.94 | 81.82 | 470.45 | 7.93 | 18.18 | -78.77 | -24.85 | 27.17 | 25.09 | 39.62 |
| 23Q2 (15) | 1.86 | 177.61 | 26.53 | 25.47 | -29.23 | -23.1 | 11.61 | -49.63 | 36.91 | 80.27 | 248.55 | -17.29 | 63.72 | 243.32 | -17.65 | 5.12 | 195.95 | 25.8 | 3.78 | 197.64 | 20.38 | 0.06 | -14.29 | 50.0 | 91.37 | 178.99 | -16.05 | 31.79 | -23.21 | 5.83 | 14.34 | -85.66 | 68.29 | 85.66 | 0 | -6.36 | 21.72 | 6.31 | -38.42 |
| 23Q1 (14) | 0.67 | -18.29 | 55.81 | 35.99 | -1.99 | 22.67 | 23.05 | 36.15 | 137.87 | 23.03 | -46.68 | -16.74 | 18.56 | -46.73 | -15.25 | 1.73 | -21.0 | 40.65 | 1.27 | -23.03 | 32.29 | 0.07 | 40.0 | 75.0 | 32.75 | -41.26 | -10.76 | 41.40 | 12.87 | 37.13 | 100.00 | 155.26 | 188.89 | 0.00 | -100.0 | -100.0 | 20.43 | -22.93 | -30.2 |
| 22Q4 (13) | 0.82 | 60.78 | 490.48 | 36.72 | 20.2 | 1345.67 | 16.93 | 9.37 | 188.78 | 43.19 | 111.2 | 310.07 | 34.84 | 118.3 | 340.77 | 2.19 | 58.7 | 471.19 | 1.65 | 55.66 | 458.7 | 0.05 | -28.57 | 66.67 | 55.75 | 95.48 | 789.12 | 36.68 | 23.09 | 40.11 | 39.18 | -48.32 | -57.81 | 60.82 | 151.41 | 751.55 | 26.51 | 36.23 | -17.26 |
| 22Q3 (12) | 0.51 | -65.31 | 64.52 | 30.55 | -7.76 | -6.03 | 15.48 | 82.55 | -3.97 | 20.45 | -78.93 | 26.0 | 15.96 | -79.37 | 21.74 | 1.38 | -66.09 | 55.06 | 1.06 | -66.24 | 51.43 | 0.07 | 75.0 | 40.0 | 28.52 | -73.8 | 22.67 | 29.80 | -0.8 | 9.68 | 75.81 | 789.46 | -24.19 | 24.19 | -73.55 | 0 | 19.46 | -44.83 | -12.07 |
| 22Q2 (11) | 1.47 | 241.86 | 2840.0 | 33.12 | 12.88 | 69.07 | 8.48 | -12.49 | 177.12 | 97.05 | 250.87 | 3705.88 | 77.38 | 253.33 | 3550.0 | 4.07 | 230.89 | 3600.0 | 3.14 | 227.08 | 3388.89 | 0.04 | 0.0 | 0.0 | 108.84 | 196.57 | 863.19 | 30.04 | -0.5 | 9.8 | 8.52 | -75.38 | -93.18 | 91.48 | 39.91 | 465.91 | 35.27 | 20.5 | 43.96 |
| 22Q1 (10) | 0.43 | 304.76 | -17.31 | 29.34 | 1055.12 | -0.95 | 9.69 | 150.81 | -45.32 | 27.66 | 234.53 | 72.55 | 21.90 | 251.35 | 70.03 | 1.23 | 308.47 | -1.6 | 0.96 | 308.7 | 4.35 | 0.04 | 33.33 | -42.86 | 36.70 | 553.65 | 80.17 | 30.19 | 15.32 | -9.15 | 34.62 | -62.72 | -68.42 | 65.38 | 815.38 | 780.0 | 29.27 | -8.65 | 73.92 |
| 21Q4 (9) | -0.21 | -167.74 | 94.02 | 2.54 | -92.19 | -94.4 | -19.07 | -218.3 | -141.05 | -20.56 | -226.68 | 70.39 | -14.47 | -210.37 | 74.15 | -0.59 | -166.29 | 92.64 | -0.46 | -165.71 | 92.72 | 0.03 | -40.0 | -72.73 | -8.09 | -134.8 | 87.17 | 26.18 | -3.64 | -30.3 | 92.86 | -7.14 | 239.08 | 7.14 | 0 | -95.72 | 32.04 | 44.78 | 492.24 |
| 21Q3 (8) | 0.31 | 520.0 | -86.97 | 32.51 | 65.95 | -28.46 | 16.12 | 426.8 | -55.3 | 16.23 | 536.47 | -53.68 | 13.11 | 518.4 | -52.89 | 0.89 | 709.09 | -83.33 | 0.70 | 677.78 | -83.53 | 0.05 | 25.0 | -66.67 | 23.25 | 105.75 | -41.52 | 27.17 | -0.69 | 59.82 | 100.00 | -20.0 | -2.86 | 0.00 | 100.0 | 100.0 | 22.13 | -9.67 | 48.92 |
| 21Q2 (7) | 0.05 | -90.38 | -98.36 | 19.59 | -33.86 | -62.62 | 3.06 | -82.73 | -92.45 | 2.55 | -84.09 | -93.76 | 2.12 | -83.54 | -93.61 | 0.11 | -91.2 | -98.39 | 0.09 | -90.22 | -98.33 | 0.04 | -42.86 | -75.0 | 11.30 | -44.53 | -75.22 | 27.36 | -17.66 | -21.51 | 125.00 | 14.04 | 25.85 | -25.00 | -160.0 | -3812.5 | 24.50 | 45.57 | 68.15 |
| 21Q1 (6) | 0.52 | 114.81 | -80.15 | 29.62 | -34.71 | -35.19 | 17.72 | -61.85 | -50.41 | 16.03 | 123.09 | -52.7 | 12.88 | 123.01 | -51.51 | 1.25 | 115.59 | -78.63 | 0.92 | 114.56 | -81.49 | 0.07 | -36.36 | -63.16 | 20.37 | 132.31 | -46.77 | 33.23 | -11.53 | 83.19 | 109.62 | 264.19 | 4.13 | -9.62 | -105.77 | -82.69 | 16.83 | 211.09 | 22.13 |
| 20Q4 (5) | -3.51 | -247.48 | -410.62 | 45.37 | -0.15 | 38.11 | 46.45 | 28.81 | 95.0 | -69.43 | -298.14 | -440.18 | -55.97 | -301.11 | -425.22 | -8.02 | -250.19 | -407.28 | -6.32 | -248.71 | -383.41 | 0.11 | -26.67 | -15.38 | -63.05 | -258.58 | -332.49 | 37.56 | 120.94 | 115.12 | -66.76 | -164.86 | -157.07 | 166.76 | 5769.94 | 1082.05 | 5.41 | -63.59 | -61.02 |
| 20Q3 (4) | 2.38 | -21.71 | 0.0 | 45.44 | -13.3 | 0.0 | 36.06 | -11.07 | 0.0 | 35.04 | -14.22 | 0.0 | 27.83 | -16.17 | 0.0 | 5.34 | -21.7 | 0.0 | 4.25 | -21.3 | 0.0 | 0.15 | -6.25 | 0.0 | 39.76 | -12.81 | 0.0 | 17.00 | -51.23 | 0.0 | 102.94 | 3.64 | 0.0 | -2.94 | -536.76 | 0.0 | 14.86 | 1.99 | 0.0 |
| 20Q2 (3) | 3.04 | 16.03 | 0.0 | 52.41 | 14.68 | 0.0 | 40.55 | 13.49 | 0.0 | 40.85 | 20.54 | 0.0 | 33.20 | 25.0 | 0.0 | 6.82 | 16.58 | 0.0 | 5.40 | 8.65 | 0.0 | 0.16 | -15.79 | 0.0 | 45.60 | 19.15 | 0.0 | 34.86 | 92.17 | 0.0 | 99.33 | -5.64 | 0.0 | 0.67 | 112.79 | 0.0 | 14.57 | 5.73 | 0.0 |
| 20Q1 (2) | 2.62 | 131.86 | 0.0 | 45.70 | 39.12 | 0.0 | 35.73 | 50.0 | 0.0 | 33.89 | 66.05 | 0.0 | 26.56 | 54.33 | 0.0 | 5.85 | 124.14 | 0.0 | 4.97 | 122.87 | 0.0 | 0.19 | 46.15 | 0.0 | 38.27 | 41.11 | 0.0 | 18.14 | 3.89 | 0.0 | 105.26 | -10.02 | 0.0 | -5.26 | 69.01 | 0.0 | 13.78 | -0.72 | 0.0 |
| 19Q4 (1) | 1.13 | 0.0 | 0.0 | 32.85 | 0.0 | 0.0 | 23.82 | 0.0 | 0.0 | 20.41 | 0.0 | 0.0 | 17.21 | 0.0 | 0.0 | 2.61 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 27.12 | 0.0 | 0.0 | 17.46 | 0.0 | 0.0 | 116.98 | 0.0 | 0.0 | -16.98 | 0.0 | 0.0 | 13.88 | 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) | 2.70 | -16.67 | 29.09 | -10.11 | 13.31 | 0.68 | 11.38 | 24.89 | 30.24 | -29.84 | 24.48 | -28.67 | 6.75 | -24.07 | 5.15 | -23.93 | 0.21 | 5.0 | 42.86 | -19.63 | 31.19 | -14.97 | 43.96 | 43.32 | 56.04 | -19.16 | 0.69 | -37.99 | 23.94 | -9.56 |
| 2022 (9) | 3.24 | 458.62 | 32.36 | 34.39 | 13.22 | 55.16 | 9.11 | 40.57 | 43.10 | 468.6 | 34.32 | 432.92 | 8.89 | 429.17 | 6.77 | 433.07 | 0.20 | 0.0 | 53.33 | 257.2 | 36.68 | 40.11 | 30.67 | -72.65 | 69.33 | 0 | 1.11 | -22.58 | 26.47 | 19.29 |
| 2021 (8) | 0.58 | -87.2 | 24.08 | -49.19 | 8.52 | -78.21 | 6.48 | 36.16 | 7.58 | -55.23 | 6.44 | -51.9 | 1.68 | -84.15 | 1.27 | -84.75 | 0.20 | -67.74 | 14.93 | -31.83 | 26.18 | -30.3 | 112.12 | -51.51 | -12.12 | 0 | 1.43 | 59.61 | 22.19 | 74.59 |
| 2020 (7) | 4.53 | -37.0 | 47.39 | 19.31 | 39.10 | 32.14 | 4.76 | -14.39 | 16.93 | -43.92 | 13.39 | -44.76 | 10.60 | -37.98 | 8.33 | -42.59 | 0.62 | 3.33 | 21.90 | -39.15 | 37.56 | 115.12 | 231.21 | 135.85 | -130.99 | 0 | 0.90 | -23.72 | 12.71 | -15.77 |
| 2019 (6) | 7.19 | 27.71 | 39.72 | 2.87 | 29.59 | 11.32 | 5.56 | -15.73 | 30.19 | 7.51 | 24.24 | 5.16 | 17.09 | 17.3 | 14.51 | 14.89 | 0.60 | 9.09 | 35.99 | 3.12 | 17.46 | -3.16 | 98.03 | 3.54 | 1.97 | -63.0 | 1.18 | -5.18 | 15.09 | -6.04 |
| 2018 (5) | 5.63 | 133.61 | 38.61 | 26.96 | 26.58 | 47.42 | 6.60 | -32.41 | 28.08 | 55.65 | 23.05 | 57.02 | 14.57 | 128.73 | 12.63 | 126.34 | 0.55 | 44.74 | 34.90 | 25.45 | 18.03 | 44.36 | 94.68 | -5.32 | 5.32 | 0 | 1.24 | 0 | 16.06 | -14.48 |
| 2017 (4) | 2.41 | -54.87 | 30.41 | -26.79 | 18.03 | -33.57 | 9.76 | 40.73 | 18.04 | -32.1 | 14.68 | -33.0 | 6.37 | -55.45 | 5.58 | -53.31 | 0.38 | -29.63 | 27.82 | -17.28 | 12.49 | -19.99 | 100.00 | -1.94 | 0.00 | 0 | 0.00 | 0 | 18.78 | 21.79 |
| 2016 (3) | 5.34 | 3.29 | 41.54 | 14.81 | 27.14 | 11.73 | 6.94 | -3.37 | 26.57 | 6.54 | 21.91 | 6.1 | 14.30 | -4.6 | 11.95 | 4.55 | 0.54 | 0.0 | 33.63 | 3.06 | 15.61 | -37.96 | 101.98 | 4.53 | -2.17 | 0 | 0.00 | 0 | 15.42 | 2.19 |
| 2015 (2) | 5.17 | 34.99 | 36.18 | 12.61 | 24.29 | 22.68 | 7.18 | -20.07 | 24.94 | 11.04 | 20.65 | 16.34 | 14.99 | 21.57 | 11.43 | 31.83 | 0.54 | 12.5 | 32.63 | 1.84 | 25.16 | -43.69 | 97.56 | 10.79 | 2.66 | -77.72 | 0.00 | 0 | 15.09 | -11.91 |
| 2014 (1) | 3.83 | 37.77 | 32.13 | 0 | 19.80 | 0 | 8.98 | -5.59 | 22.46 | 0 | 17.75 | 0 | 12.33 | 0 | 8.67 | 0 | 0.48 | -14.29 | 32.04 | 29.45 | 44.68 | -6.15 | 88.06 | -17.07 | 11.94 | 0 | 0.00 | 0 | 17.13 | -8.93 |
