- 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) | -0.25 | -400.0 | -117.48 | 37.35 | 8.92 | -10.82 | -0.40 | 82.76 | -105.75 | -0.45 | -175.0 | -105.71 | -1.33 | -411.54 | -119.91 | -0.67 | -378.57 | -117.54 | -0.31 | -675.0 | -117.42 | 0.26 | 0.0 | 0.0 | 4.75 | -12.52 | -61.1 | 90.76 | -8.33 | -12.72 | 91.43 | 123.46 | 3.59 | 11.43 | -97.67 | -2.65 | 24.89 | 4.54 | 5.6 |
| 24Q2 (19) | -0.05 | -105.15 | -104.76 | 34.29 | -17.83 | -15.23 | -2.32 | -143.12 | -145.31 | 0.60 | -87.47 | -90.74 | -0.26 | -105.38 | -105.25 | -0.14 | -105.58 | -104.84 | -0.04 | -103.05 | -103.2 | 0.26 | -3.7 | 4.0 | 5.43 | -42.96 | -49.63 | 99.01 | -1.43 | -25.67 | -389.80 | -446.2 | -593.63 | 489.80 | 3989.56 | 2228.54 | 23.81 | 1.23 | -0.42 |
| 24Q1 (18) | 0.97 | -42.26 | -39.38 | 41.73 | 5.38 | 3.5 | 5.38 | 90.11 | 30.9 | 4.79 | -42.57 | -41.51 | 4.83 | -42.16 | -35.6 | 2.51 | -41.76 | -38.63 | 1.31 | -40.99 | -28.8 | 0.27 | 3.85 | 12.5 | 9.52 | -26.32 | -23.35 | 100.45 | 11.97 | -29.08 | 112.59 | 231.21 | 124.27 | -12.59 | -119.04 | -125.29 | 23.52 | -1.92 | 2.57 |
| 23Q4 (17) | 1.68 | 17.48 | -1.18 | 39.60 | -5.44 | -0.7 | 2.83 | -59.34 | -58.63 | 8.34 | 5.84 | 0.48 | 8.35 | 25.0 | 12.08 | 4.31 | 12.83 | 2.86 | 2.22 | 24.72 | 10.45 | 0.26 | 0.0 | -3.7 | 12.92 | 5.81 | 7.04 | 89.71 | -13.73 | -18.29 | 33.99 | -61.48 | -58.79 | 66.15 | 463.45 | 275.15 | 23.98 | 1.74 | 8.95 |
| 23Q3 (16) | 1.43 | 36.19 | -36.44 | 41.88 | 3.54 | 1.6 | 6.96 | 35.94 | -33.08 | 7.88 | 21.6 | -27.9 | 6.68 | 34.95 | -26.51 | 3.82 | 32.18 | -35.91 | 1.78 | 42.4 | -33.33 | 0.26 | 4.0 | -10.34 | 12.21 | 13.27 | -13.59 | 103.99 | -21.94 | -8.35 | 88.26 | 11.77 | -7.25 | 11.74 | -44.19 | 138.36 | 23.57 | -1.42 | 10.61 |
| 23Q2 (15) | 1.05 | -34.38 | -67.59 | 40.45 | 0.32 | -3.55 | 5.12 | 24.57 | -55.94 | 6.48 | -20.88 | -57.98 | 4.95 | -34.0 | -59.29 | 2.89 | -29.34 | -68.31 | 1.25 | -32.07 | -66.67 | 0.25 | 4.17 | -19.35 | 10.78 | -13.2 | -41.48 | 133.21 | -5.95 | -3.26 | 78.97 | 57.29 | 4.72 | 21.03 | -57.76 | -14.47 | 23.91 | 4.27 | 7.08 |
| 23Q1 (14) | 1.60 | -5.88 | -44.25 | 40.32 | 1.1 | -8.05 | 4.11 | -39.91 | -69.44 | 8.19 | -1.33 | -39.51 | 7.50 | 0.67 | -33.16 | 4.09 | -2.39 | -48.88 | 1.84 | -8.46 | -46.04 | 0.24 | -11.11 | -20.0 | 12.42 | 2.9 | -25.58 | 141.63 | 29.0 | -6.46 | 50.20 | -39.14 | -49.45 | 49.80 | 182.41 | 7130.29 | 22.93 | 4.18 | 7.35 |
| 22Q4 (13) | 1.70 | -24.44 | -36.8 | 39.88 | -3.25 | -4.27 | 6.84 | -34.23 | -41.49 | 8.30 | -24.06 | -29.06 | 7.45 | -18.04 | -28.91 | 4.19 | -29.7 | -42.6 | 2.01 | -24.72 | -39.46 | 0.27 | -6.9 | -12.9 | 12.07 | -14.58 | -19.37 | 109.79 | -3.23 | -9.42 | 82.49 | -13.31 | -17.44 | 17.63 | 258.0 | 21323.17 | 22.01 | 3.28 | 119.66 |
| 22Q3 (12) | 2.25 | -30.56 | 44.23 | 41.22 | -1.72 | 0.29 | 10.40 | -10.5 | 32.15 | 10.93 | -29.12 | 36.11 | 9.09 | -25.25 | 46.85 | 5.96 | -34.65 | 28.45 | 2.67 | -28.8 | 28.99 | 0.29 | -6.45 | -12.12 | 14.13 | -23.29 | 25.38 | 113.46 | -17.6 | -6.81 | 95.16 | 26.2 | -2.86 | 4.93 | -79.97 | 141.63 | 21.31 | -4.57 | -5.58 |
| 22Q2 (11) | 3.24 | 12.89 | 37.29 | 41.94 | -4.36 | 2.52 | 11.62 | -13.61 | 34.65 | 15.42 | 13.88 | 47.98 | 12.16 | 8.38 | 37.4 | 9.12 | 14.0 | 23.08 | 3.75 | 9.97 | 22.95 | 0.31 | 3.33 | -8.82 | 18.42 | 10.37 | 34.65 | 137.70 | -9.05 | 4.11 | 75.41 | -24.07 | -8.95 | 24.59 | 3471.04 | 42.41 | 22.33 | 4.54 | 3.38 |
| 22Q1 (10) | 2.87 | 6.69 | 310.0 | 43.85 | 5.26 | 12.7 | 13.45 | 15.06 | 255.82 | 13.54 | 15.73 | 249.87 | 11.22 | 7.06 | 317.1 | 8.00 | 9.59 | 247.83 | 3.41 | 2.71 | 270.65 | 0.30 | -3.23 | -3.23 | 16.69 | 11.49 | 118.74 | 151.41 | 24.92 | -8.02 | 99.31 | -0.61 | 1.66 | 0.69 | 736.78 | -73.14 | 21.36 | 113.17 | -1.39 |
| 21Q4 (9) | 2.69 | 72.44 | 1020.83 | 41.66 | 1.36 | 16.34 | 11.69 | 48.54 | 2976.32 | 11.70 | 45.7 | 908.62 | 10.48 | 69.31 | 1397.14 | 7.30 | 57.33 | 900.0 | 3.32 | 60.39 | 937.5 | 0.31 | -6.06 | 0.0 | 14.97 | 32.83 | 195.27 | 121.21 | -0.44 | -32.87 | 99.92 | 2.0 | 202.38 | 0.08 | -95.96 | -99.88 | 10.02 | -55.6 | -56.62 |
| 21Q3 (8) | 1.56 | -33.9 | 280.49 | 41.10 | 0.46 | 11.47 | 7.87 | -8.81 | 802.68 | 8.03 | -22.94 | 115.28 | 6.19 | -30.06 | 190.61 | 4.64 | -37.38 | 191.82 | 2.07 | -32.13 | 233.87 | 0.33 | -2.94 | 32.0 | 11.27 | -17.62 | 46.55 | 121.75 | -7.95 | -58.97 | 97.96 | 18.28 | 424.98 | 2.04 | -88.2 | -98.43 | 22.57 | 4.49 | 13.3 |
| 21Q2 (7) | 2.36 | 237.14 | 103.45 | 40.91 | 5.14 | -0.8 | 8.63 | 128.31 | -21.69 | 10.42 | 169.25 | -20.34 | 8.85 | 229.0 | -18.58 | 7.41 | 222.17 | 63.22 | 3.05 | 231.52 | 12.13 | 0.34 | 9.68 | 36.0 | 13.68 | 79.29 | -21.15 | 132.27 | -19.65 | 53.46 | 82.82 | -15.22 | -1.7 | 17.27 | 573.51 | 9.65 | 21.60 | -0.28 | -18.71 |
| 21Q1 (6) | 0.70 | 191.67 | 1650.0 | 38.91 | 8.66 | -1.67 | 3.78 | 894.74 | 704.26 | 3.87 | 233.62 | 325.27 | 2.69 | 284.29 | 407.55 | 2.30 | 215.07 | 1433.33 | 0.92 | 187.5 | 607.69 | 0.31 | 0.0 | 63.16 | 7.63 | 50.49 | 21.5 | 164.61 | -8.83 | 206.88 | 97.69 | 195.65 | 85.62 | 2.56 | -96.17 | -95.13 | 21.66 | -6.23 | -31.26 |
| 20Q4 (5) | 0.24 | -41.46 | -68.42 | 35.81 | -2.87 | -10.52 | 0.38 | 133.93 | -94.14 | 1.16 | -68.9 | -82.81 | 0.70 | -67.14 | -88.39 | 0.73 | -54.09 | -75.67 | 0.32 | -48.39 | -82.7 | 0.31 | 24.0 | 3.33 | 5.07 | -34.07 | -52.08 | 180.55 | -39.16 | 254.58 | 33.04 | 209.62 | -65.68 | 66.96 | -48.55 | 1698.26 | 23.10 | 15.96 | -9.27 |
| 20Q3 (4) | 0.41 | -64.66 | 0.0 | 36.87 | -10.6 | 0.0 | -1.12 | -110.16 | 0.0 | 3.73 | -71.48 | 0.0 | 2.13 | -80.4 | 0.0 | 1.59 | -64.98 | 0.0 | 0.62 | -77.21 | 0.0 | 0.25 | 0.0 | 0.0 | 7.69 | -55.68 | 0.0 | 296.75 | 244.3 | 0.0 | -30.14 | -135.78 | 0.0 | 130.14 | 726.31 | 0.0 | 19.92 | -25.03 | 0.0 |
| 20Q2 (3) | 1.16 | 2800.0 | 0.0 | 41.24 | 4.22 | 0.0 | 11.02 | 2244.68 | 0.0 | 13.08 | 1337.36 | 0.0 | 10.87 | 1950.94 | 0.0 | 4.54 | 2926.67 | 0.0 | 2.72 | 1992.31 | 0.0 | 0.25 | 31.58 | 0.0 | 17.35 | 176.27 | 0.0 | 86.19 | 60.68 | 0.0 | 84.25 | 60.08 | 0.0 | 15.75 | -70.08 | 0.0 | 26.57 | -15.68 | 0.0 |
| 20Q1 (2) | 0.04 | -94.74 | 0.0 | 39.57 | -1.12 | 0.0 | 0.47 | -92.76 | 0.0 | 0.91 | -86.52 | 0.0 | 0.53 | -91.21 | 0.0 | 0.15 | -95.0 | 0.0 | 0.13 | -92.97 | 0.0 | 0.19 | -36.67 | 0.0 | 6.28 | -40.64 | 0.0 | 53.64 | 5.34 | 0.0 | 52.63 | -45.33 | 0.0 | 52.63 | 1313.53 | 0.0 | 31.51 | 23.76 | 0.0 |
| 19Q4 (1) | 0.76 | 0.0 | 0.0 | 40.02 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 6.75 | 0.0 | 0.0 | 6.03 | 0.0 | 0.0 | 3.00 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 10.58 | 0.0 | 0.0 | 50.92 | 0.0 | 0.0 | 96.28 | 0.0 | 0.0 | 3.72 | 0.0 | 0.0 | 25.46 | 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) | 5.77 | -42.64 | 40.58 | -2.87 | 4.78 | -55.29 | 3.26 | 31.33 | 7.71 | -36.8 | 6.85 | -32.04 | 14.11 | -44.64 | 7.16 | -39.98 | 1.03 | -12.71 | 12.07 | -21.93 | 89.71 | -18.29 | 61.97 | -29.32 | 37.99 | 208.45 | 1.74 | -11.52 | 23.59 | 8.41 |
| 2022 (9) | 10.06 | 38.38 | 41.78 | 2.75 | 10.69 | 33.13 | 2.48 | -5.54 | 12.20 | 42.69 | 10.08 | 42.17 | 25.49 | 17.36 | 11.93 | 32.85 | 1.18 | -4.84 | 15.46 | 29.59 | 109.79 | -9.42 | 87.68 | -6.57 | 12.32 | 100.28 | 1.96 | -31.33 | 21.76 | 14.77 |
| 2021 (8) | 7.27 | 301.66 | 40.66 | 9.04 | 8.03 | 414.74 | 2.63 | -9.88 | 8.55 | 137.5 | 7.09 | 174.81 | 21.72 | 285.79 | 8.98 | 231.37 | 1.24 | 30.53 | 11.93 | 54.53 | 121.21 | -32.87 | 93.85 | 116.56 | 6.15 | -89.15 | 2.86 | 15.0 | 18.96 | -19.73 |
| 2020 (7) | 1.81 | -28.46 | 37.29 | -6.35 | 1.56 | -72.34 | 2.92 | 4.3 | 3.60 | -44.1 | 2.58 | -52.13 | 5.63 | -43.92 | 2.71 | -58.94 | 0.95 | -20.83 | 7.72 | -24.61 | 180.55 | 254.58 | 43.34 | -50.43 | 56.66 | 356.03 | 2.48 | 6.19 | 23.62 | -16.42 |
| 2019 (6) | 2.53 | -26.02 | 39.82 | 2.18 | 5.64 | -25.0 | 2.80 | 71.25 | 6.44 | -22.97 | 5.39 | -23.87 | 10.04 | -47.74 | 6.60 | -43.05 | 1.20 | -26.83 | 10.24 | -5.71 | 50.92 | -20.21 | 87.43 | -2.85 | 12.43 | 24.1 | 2.34 | -1.29 | 28.26 | 2.8 |
| 2018 (5) | 3.42 | 3.01 | 38.97 | -3.59 | 7.52 | -2.72 | 1.63 | -2.68 | 8.36 | -3.46 | 7.08 | -4.97 | 19.21 | -1.74 | 11.59 | 1.49 | 1.64 | 7.19 | 10.86 | -3.81 | 63.82 | -5.97 | 89.99 | 0.7 | 10.01 | -6.98 | 2.37 | 0 | 27.49 | -5.86 |
| 2017 (4) | 3.32 | 12.54 | 40.42 | -1.22 | 7.73 | 6.47 | 1.68 | -6.18 | 8.66 | 1.76 | 7.45 | 1.22 | 19.55 | 3.6 | 11.42 | 4.2 | 1.53 | 2.68 | 11.29 | -0.35 | 67.87 | -9.0 | 89.36 | 4.72 | 10.76 | -26.62 | 0.00 | 0 | 29.20 | -4.01 |
| 2016 (3) | 2.95 | 30.53 | 40.92 | -1.87 | 7.26 | 9.17 | 1.79 | -7.22 | 8.51 | 8.82 | 7.36 | 14.82 | 18.87 | 21.43 | 10.96 | 18.74 | 1.49 | 3.47 | 11.33 | 4.52 | 74.58 | 7.29 | 85.33 | 0.43 | 14.67 | -2.44 | 0.00 | 0 | 30.42 | -5.26 |
| 2015 (2) | 2.26 | 36.97 | 41.70 | -1.77 | 6.65 | 37.4 | 1.93 | -4.69 | 7.82 | 26.95 | 6.41 | 27.44 | 15.54 | 29.61 | 9.23 | 31.67 | 1.44 | 3.6 | 10.84 | 14.47 | 69.51 | 2.31 | 84.97 | 8.39 | 15.03 | -30.44 | 0.00 | 0 | 32.11 | -2.87 |
| 2014 (1) | 1.65 | 32.0 | 42.45 | 0 | 4.84 | 0 | 2.02 | -0.91 | 6.16 | 0 | 5.03 | 0 | 11.99 | 0 | 7.01 | 0 | 1.39 | -0.71 | 9.47 | -11.16 | 67.94 | -8.71 | 78.38 | -9.64 | 21.62 | 63.1 | 0.00 | 0 | 33.06 | 2.04 |
