- 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) | 5.87 | 3568.75 | 963.24 | 0.59 | 0 | 303.45 | 122.02 | 3520.77 | 2164.64 | 123.60 | 1789.91 | 861.55 | 97.41 | 2699.14 | 705.03 | 14.12 | 3934.29 | 624.91 | 8.66 | 2606.25 | 1156.1 | 0.09 | 50.0 | 28.57 | 130.33 | 673.93 | 3834.38 | 87.56 | 88.67 | -44.62 | 98.67 | 97.34 | 176.28 | 1.33 | -97.34 | -97.93 | 9.91 | 22.8 | 16.59 |
| 24Q2 (19) | 0.16 | 123.53 | 123.88 | 0.00 | 100.0 | 100.0 | 3.37 | 139.05 | 131.06 | 6.54 | 140.8 | 138.7 | 3.48 | 121.22 | 119.86 | 0.35 | 129.17 | 113.67 | 0.32 | 161.54 | 140.51 | 0.06 | 50.0 | 0.0 | 16.84 | 665.1 | 2690.77 | 46.41 | -57.6 | -69.55 | 50.00 | -10.0 | -23.53 | 50.00 | 12.5 | 44.44 | 8.07 | -10.73 | -27.03 |
| 24Q1 (18) | -0.68 | -101.62 | -183.33 | -2.92 | -170.37 | -380.77 | -8.63 | -100.94 | -55.5 | -16.03 | -101.76 | -160.65 | -16.40 | -101.87 | -179.86 | -1.20 | -101.32 | -34.83 | -0.52 | -101.06 | -225.0 | 0.04 | -33.33 | -33.33 | -2.98 | -100.32 | -135.99 | 109.45 | 80.91 | -27.16 | 55.56 | -44.97 | -38.27 | 44.44 | 4719.61 | 344.44 | 9.04 | -53.28 | -18.56 |
| 23Q4 (17) | 42.04 | 6282.35 | 210300.0 | -1.08 | -272.41 | -127.91 | 919.42 | 15657.02 | 55822.42 | 910.86 | 5712.2 | 20895.89 | 876.57 | 5544.53 | 257914.71 | 91.14 | 3488.1 | 152000.0 | 48.90 | 6063.41 | 28664.71 | 0.06 | -14.29 | -25.0 | 922.16 | 26522.92 | 15424.58 | 60.50 | -61.74 | -54.07 | 100.96 | 182.69 | 152.41 | -0.96 | -101.5 | -101.6 | 19.35 | 127.65 | 117.17 |
| 23Q3 (16) | -0.68 | -1.49 | -580.0 | -0.29 | 93.03 | -104.47 | -5.91 | 45.53 | -488.82 | -16.23 | 3.96 | -914.38 | -16.10 | 8.11 | -847.06 | -2.69 | -5.08 | -691.18 | -0.82 | -3.8 | -2833.33 | 0.07 | 16.67 | -22.22 | -3.49 | -436.92 | -145.74 | 158.12 | 3.75 | 16.93 | 35.71 | -45.38 | 135.71 | 64.29 | 85.71 | -63.27 | 8.50 | -23.15 | 1.67 |
| 23Q2 (15) | -0.67 | -179.17 | -45.65 | -4.16 | -500.0 | -152.59 | -10.85 | -95.5 | -486.12 | -16.90 | -174.8 | -102.15 | -17.52 | -198.98 | -113.66 | -2.56 | -187.64 | -60.0 | -0.79 | -393.75 | -49.06 | 0.06 | 0.0 | -25.0 | -0.65 | -107.85 | -174.71 | 152.40 | 1.42 | 13.54 | 65.38 | -27.35 | 307.05 | 34.62 | 246.15 | -74.7 | 11.06 | -0.36 | 27.71 |
| 23Q1 (14) | -0.24 | -1100.0 | -151.06 | 1.04 | -73.13 | -91.32 | -5.55 | -236.36 | -181.38 | -6.15 | -40.41 | -169.65 | -5.86 | -1623.53 | -174.94 | -0.89 | -1383.33 | -156.33 | -0.16 | -194.12 | -119.05 | 0.06 | -25.0 | -33.33 | 8.28 | 39.39 | -51.69 | 150.26 | 14.08 | 14.95 | 90.00 | 125.0 | 16.47 | 10.00 | -83.33 | -56.0 | 11.10 | 24.58 | 24.72 |
| 22Q4 (13) | -0.02 | 80.0 | -107.14 | 3.87 | -40.37 | -68.89 | -1.65 | -208.55 | -124.77 | -4.38 | -173.75 | -175.78 | -0.34 | 80.0 | -107.19 | -0.06 | 82.35 | -106.59 | 0.17 | 466.67 | -69.64 | 0.08 | -11.11 | -11.11 | 5.94 | -22.15 | -56.99 | 131.71 | -2.6 | 12.08 | 40.00 | 140.0 | -65.0 | 60.00 | -65.71 | 520.0 | 8.91 | 6.58 | 0.34 |
| 22Q3 (12) | -0.10 | 78.26 | -125.0 | 6.49 | -17.95 | -52.38 | 1.52 | -45.91 | -79.29 | -1.60 | 80.86 | -117.35 | -1.70 | 79.27 | -121.52 | -0.34 | 78.75 | -125.95 | 0.03 | 105.66 | -96.2 | 0.09 | 12.5 | 12.5 | 7.63 | 777.01 | -59.04 | 135.23 | 0.75 | 35.87 | -100.00 | -216.67 | -226.67 | 175.00 | 27.88 | 731.25 | 8.36 | -3.46 | -25.22 |
| 22Q2 (11) | -0.46 | -197.87 | -169.7 | 7.91 | -33.97 | -48.27 | 2.81 | -58.8 | -71.12 | -8.36 | -194.68 | -166.4 | -8.20 | -204.86 | -173.21 | -1.60 | -201.27 | -174.77 | -0.53 | -163.1 | -144.54 | 0.08 | -11.11 | -11.11 | 0.87 | -94.92 | -95.77 | 134.22 | 2.68 | 33.91 | -31.58 | -140.87 | -141.19 | 136.84 | 502.11 | 486.47 | 8.66 | -2.7 | -8.26 |
| 22Q1 (10) | 0.47 | 67.86 | -33.8 | 11.98 | -3.7 | -19.11 | 6.82 | 2.4 | -26.59 | 8.83 | 52.77 | -35.88 | 7.82 | 65.33 | -35.32 | 1.58 | 73.63 | -30.4 | 0.84 | 50.0 | -31.71 | 0.09 | 0.0 | 0.0 | 17.14 | 24.11 | -22.2 | 130.72 | 11.24 | 26.25 | 77.27 | -32.39 | 15.91 | 22.73 | 259.09 | -31.82 | 8.90 | 0.23 | -5.72 |
| 21Q4 (9) | 0.28 | -30.0 | -31.71 | 12.44 | -8.73 | 33.19 | 6.66 | -9.26 | 82.47 | 5.78 | -37.31 | -21.04 | 4.73 | -40.13 | -43.62 | 0.91 | -30.53 | -31.58 | 0.56 | -29.11 | -29.11 | 0.09 | 12.5 | 12.5 | 13.81 | -25.87 | -20.4 | 117.51 | 18.06 | 5.94 | 114.29 | 44.76 | 128.57 | -14.29 | -167.86 | -128.57 | 8.88 | -20.57 | -32.83 |
| 21Q3 (8) | 0.40 | -39.39 | 700.0 | 13.63 | -10.86 | 90.63 | 7.34 | -24.56 | 4177.78 | 9.22 | -26.77 | 997.62 | 7.90 | -29.46 | 444.83 | 1.31 | -38.79 | 773.33 | 0.79 | -33.61 | 276.19 | 0.08 | -11.11 | 60.0 | 18.63 | -9.52 | 19.27 | 99.53 | -0.7 | -5.63 | 78.95 | 2.97 | 0 | 21.05 | -9.77 | -78.95 | 11.18 | 18.43 | -3.54 |
| 21Q2 (7) | 0.66 | -7.04 | 226.92 | 15.29 | 3.24 | 3020.41 | 9.73 | 4.74 | 208.72 | 12.59 | -8.57 | 240.04 | 11.20 | -7.36 | 151.31 | 2.14 | -5.73 | 232.92 | 1.19 | -3.25 | 265.28 | 0.09 | 0.0 | 125.0 | 20.59 | -6.54 | 225.79 | 100.23 | -3.2 | 10.8 | 76.67 | 15.0 | -23.33 | 23.33 | -30.0 | 0 | 9.44 | 0.0 | 0 |
| 21Q1 (6) | 0.71 | 73.17 | 277.5 | 14.81 | 58.57 | 83.52 | 9.29 | 154.52 | 558.87 | 13.77 | 88.11 | 246.8 | 12.09 | 44.1 | 228.89 | 2.27 | 70.68 | 287.6 | 1.23 | 55.7 | 341.18 | 0.09 | 12.5 | 28.57 | 22.03 | 26.97 | 3898.28 | 103.54 | -6.65 | 18.66 | 66.67 | 33.33 | 633.33 | 33.33 | -33.33 | -71.93 | 9.44 | -28.59 | 0 |
| 20Q4 (5) | 0.41 | 720.0 | 441.67 | 9.34 | 30.63 | 49.44 | 3.65 | 2127.78 | 729.31 | 7.32 | 771.43 | 346.46 | 8.39 | 478.62 | 432.94 | 1.33 | 786.67 | 469.44 | 0.79 | 276.19 | 1087.5 | 0.08 | 60.0 | 0.0 | 17.35 | 11.08 | 321.12 | 110.92 | 5.17 | 32.9 | 50.00 | 0 | 200.0 | 50.00 | -50.0 | -40.0 | 13.22 | 14.06 | 38.14 |
| 20Q3 (4) | 0.05 | 109.62 | 0.0 | 7.15 | 1359.18 | 0.0 | -0.18 | 97.99 | 0.0 | 0.84 | 109.34 | 0.0 | 1.45 | 106.64 | 0.0 | 0.15 | 109.32 | 0.0 | 0.21 | 129.17 | 0.0 | 0.05 | 25.0 | 0.0 | 15.62 | 147.15 | 0.0 | 105.47 | 16.59 | 0.0 | 0.00 | -100.0 | 0.0 | 100.00 | 0 | 0.0 | 11.59 | 0 | 0.0 |
| 20Q2 (3) | -0.52 | -30.0 | 0.0 | 0.49 | -93.93 | 0.0 | -8.95 | -734.75 | 0.0 | -8.99 | 4.16 | 0.0 | -21.83 | -132.73 | 0.0 | -1.61 | -33.06 | 0.0 | -0.72 | -41.18 | 0.0 | 0.04 | -42.86 | 0.0 | 6.32 | 1189.66 | 0.0 | 90.46 | 3.67 | 0.0 | 100.00 | 900.0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.40 | -233.33 | 0.0 | 8.07 | 29.12 | 0.0 | 1.41 | 343.1 | 0.0 | -9.38 | -215.82 | 0.0 | -9.38 | -272.22 | 0.0 | -1.21 | -236.11 | 0.0 | -0.51 | -537.5 | 0.0 | 0.07 | -12.5 | 0.0 | -0.58 | -114.08 | 0.0 | 87.26 | 4.55 | 0.0 | -12.50 | -175.0 | 0.0 | 118.75 | 42.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 6.25 | 0.0 | 0.0 | -0.58 | 0.0 | 0.0 | -2.97 | 0.0 | 0.0 | -2.52 | 0.0 | 0.0 | -0.36 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 4.12 | 0.0 | 0.0 | 83.46 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 83.33 | 0.0 | 0.0 | 9.57 | 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) | 40.44 | 0 | -1.05 | 0 | 253.66 | 10087.15 | 9.14 | 32.73 | 247.17 | 0 | 237.48 | 0 | 84.39 | 0 | 47.10 | 9135.29 | 0.20 | -41.18 | 260.67 | 3086.67 | 60.50 | -54.07 | 102.64 | 0 | -2.64 | 0 | 0.00 | 0 | 12.77 | 46.78 |
| 2022 (9) | -0.11 | 0 | 7.67 | -45.45 | 2.49 | -69.93 | 6.89 | 3.56 | -1.16 | 0 | -0.47 | 0 | -0.36 | 0 | 0.51 | -85.79 | 0.34 | 0.0 | 8.18 | -56.4 | 131.71 | 12.08 | -209.09 | 0 | 309.09 | 1445.45 | 0.00 | 0 | 8.70 | -10.12 |
| 2021 (8) | 2.04 | 0 | 14.06 | 98.87 | 8.28 | 6269.23 | 6.65 | -24.27 | 10.37 | 0 | 9.01 | 0 | 6.64 | 0 | 3.59 | 0 | 0.34 | 47.83 | 18.76 | 88.16 | 117.51 | 5.94 | 80.00 | 0 | 20.00 | -82.0 | 0.00 | 0 | 9.68 | -23.24 |
| 2020 (7) | -0.46 | 0 | 7.07 | -22.65 | 0.13 | -95.37 | 8.78 | 85.56 | -1.57 | 0 | -3.15 | 0 | -1.45 | 0 | -0.20 | 0 | 0.23 | -45.24 | 9.97 | -86.52 | 110.92 | 32.9 | -11.11 | 0 | 111.11 | 15.98 | 0.00 | 0 | 12.61 | 28.8 |
| 2019 (6) | 13.64 | 625.53 | 9.14 | -14.9 | 2.81 | -53.32 | 4.73 | 116.57 | 67.64 | 725.89 | 65.29 | 842.14 | 49.31 | 472.71 | 28.10 | 366.0 | 0.42 | -46.84 | 73.96 | 555.09 | 83.46 | 16.42 | 4.20 | -94.28 | 95.80 | 259.27 | 0.00 | 0 | 9.79 | 42.71 |
| 2018 (5) | 1.88 | 27.89 | 10.74 | 8.92 | 6.02 | 23.36 | 2.19 | -26.74 | 8.19 | 27.37 | 6.93 | 28.81 | 8.61 | 24.96 | 6.03 | 14.64 | 0.79 | -18.56 | 11.29 | 17.85 | 71.69 | 73.12 | 73.33 | -3.58 | 26.67 | 11.37 | 0.06 | 0 | 6.86 | -1.58 |
| 2017 (4) | 1.47 | 133.33 | 9.86 | 25.61 | 4.88 | 39.83 | 2.98 | -7.41 | 6.43 | 72.39 | 5.38 | 124.17 | 6.89 | 108.79 | 5.26 | 111.24 | 0.97 | 1.04 | 9.58 | 31.59 | 41.41 | 81.94 | 76.06 | -19.47 | 23.94 | 330.99 | 0.00 | 0 | 6.97 | 1.16 |
| 2016 (3) | 0.63 | -81.08 | 7.85 | -20.63 | 3.49 | -35.96 | 3.22 | -11.68 | 3.73 | -78.11 | 2.40 | -85.22 | 3.30 | -82.79 | 2.49 | -81.24 | 0.96 | 18.52 | 7.28 | -65.17 | 22.76 | -70.33 | 94.44 | 194.78 | 5.56 | -91.83 | 0.00 | 0 | 6.89 | -33.49 |
| 2015 (2) | 3.33 | 223.3 | 9.89 | 63.74 | 5.45 | 196.2 | 3.65 | -9.0 | 17.04 | 116.52 | 16.24 | 127.13 | 19.17 | 203.32 | 13.27 | 132.4 | 0.81 | 1.25 | 20.90 | 73.73 | 76.71 | 623.68 | 32.04 | 32.16 | 67.96 | -13.74 | 0.00 | 0 | 10.36 | -25.09 |
| 2014 (1) | 1.03 | 1371.43 | 6.04 | 0 | 1.84 | 0 | 4.01 | 3.35 | 7.87 | 0 | 7.15 | 0 | 6.32 | 0 | 5.71 | 0 | 0.80 | -2.44 | 12.03 | 165.56 | 10.60 | -2.39 | 24.24 | 0 | 78.79 | -85.67 | 0.00 | 0 | 13.83 | -11.97 |
