- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 4.10 | 41.87 | 859.26 | 23.96 | 126.68 | 220.75 | 11.55 | 148.92 | 371.13 | 12.45 | 170.07 | 608.16 | 9.60 | 169.66 | 496.69 | 11.91 | 24.45 | 726.84 | 3.11 | 29.58 | 627.12 | 0.32 | -50.0 | 23.08 | 12.96 | 159.72 | 828.09 | 291.10 | 0.14 | -1.55 | 92.76 | -7.59 | -47.39 | 7.24 | 2003.75 | 109.82 | 4.56 | 92.41 | -10.24 |
| 23Q4 (19) | 2.89 | 435.19 | 228.41 | 10.57 | 10.91 | -34.43 | 4.64 | 65.12 | -12.95 | 4.61 | 280.99 | -8.35 | 3.56 | 242.31 | -18.54 | 9.57 | 403.68 | 150.52 | 2.40 | 328.57 | 22.45 | 0.64 | 48.84 | 45.45 | 4.99 | 188.44 | -10.25 | 290.68 | -17.67 | 160.02 | 100.38 | -57.12 | -4.96 | -0.38 | 99.71 | 93.23 | 2.37 | -4.44 | -45.77 |
| 23Q3 (18) | 0.54 | 10.2 | 148.21 | 9.53 | 134.15 | 120.09 | 2.81 | 1656.25 | 144.53 | 1.21 | 124.07 | 121.3 | 1.04 | 70.49 | 119.66 | 1.90 | 7.95 | 146.23 | 0.56 | 3.7 | 121.96 | 0.43 | -41.1 | -12.24 | 1.73 | 108.43 | 133.53 | 353.07 | 18.97 | 302.13 | 234.09 | 706.31 | 112.01 | -131.82 | -294.59 | -1050.41 | 2.48 | 55.97 | -41.23 |
| 23Q2 (17) | 0.49 | 190.74 | 288.46 | 4.07 | -45.52 | -35.09 | 0.16 | 103.76 | 104.6 | 0.54 | 122.04 | 146.96 | 0.61 | 125.21 | 136.53 | 1.76 | 192.63 | 260.0 | 0.54 | 191.53 | 176.06 | 0.73 | 180.77 | 62.22 | 0.83 | 146.63 | 262.75 | 296.77 | 0.37 | 748.16 | 29.03 | -83.53 | -90.5 | 67.74 | 191.94 | 133.87 | 1.59 | -68.7 | -64.35 |
| 23Q1 (16) | -0.54 | -161.36 | -238.46 | 7.47 | -53.66 | -25.08 | -4.26 | -179.92 | -553.19 | -2.45 | -148.71 | -198.39 | -2.42 | -155.38 | -206.14 | -1.90 | -149.74 | -215.85 | -0.59 | -130.1 | -155.14 | 0.26 | -40.91 | -42.22 | -1.78 | -132.01 | -158.36 | 295.69 | 164.5 | 409.28 | 176.32 | 66.94 | 362.83 | -73.68 | -1211.58 | -219.03 | 5.08 | 16.25 | 0.2 |
| 22Q4 (15) | 0.88 | 178.57 | 139.64 | 16.12 | 272.29 | 454.29 | 5.33 | 184.47 | 143.69 | 5.03 | 188.56 | 141.6 | 4.37 | 182.61 | 143.79 | 3.82 | 192.94 | 146.87 | 1.96 | 176.86 | 136.84 | 0.44 | -10.2 | -18.52 | 5.56 | 207.75 | 147.85 | 111.79 | 27.32 | 93.17 | 105.62 | -4.35 | 4.32 | -5.62 | 50.97 | -579.78 | 4.37 | 3.55 | 46.64 |
| 22Q3 (14) | -1.12 | -330.77 | 46.15 | 4.33 | -30.94 | 162.75 | -6.31 | -81.32 | 54.7 | -5.68 | -393.91 | 59.52 | -5.29 | -216.77 | 53.6 | -4.11 | -273.64 | 50.66 | -2.55 | -259.15 | 44.44 | 0.49 | 8.89 | 19.51 | -5.16 | -911.76 | 61.78 | 87.80 | 150.93 | 86.77 | 110.42 | -63.86 | 10.86 | -11.46 | 94.27 | -1526.56 | 4.22 | -5.38 | 82.68 |
| 22Q2 (13) | -0.26 | -166.67 | -115.12 | 6.27 | -37.11 | -60.32 | -3.48 | -470.21 | -148.0 | -1.15 | -146.18 | -112.75 | -1.67 | -173.25 | -122.51 | -1.10 | -167.07 | -115.9 | -0.71 | -166.36 | -123.51 | 0.45 | 0.0 | 12.5 | -0.51 | -116.72 | -105.3 | 34.99 | -39.73 | -69.68 | 305.56 | 702.08 | 278.72 | -200.00 | -423.08 | -1105.71 | 4.46 | -12.03 | -11.86 |
| 22Q1 (12) | 0.39 | 117.57 | -81.94 | 9.97 | 319.12 | -46.48 | 0.94 | 107.7 | -90.53 | 2.49 | 120.6 | -76.71 | 2.28 | 122.85 | -73.76 | 1.64 | 120.12 | -83.43 | 1.07 | 120.11 | -72.98 | 0.45 | -16.67 | 0.0 | 3.05 | 126.25 | -72.98 | 58.06 | 0.33 | -63.23 | 38.10 | -62.37 | -58.9 | 61.90 | 7590.48 | 746.03 | 5.07 | 70.13 | -13.04 |
| 21Q4 (11) | -2.22 | -6.73 | -752.94 | -4.55 | 34.06 | -143.33 | -12.20 | 12.42 | -867.3 | -12.09 | 13.83 | -771.67 | -9.98 | 12.46 | -823.19 | -8.15 | 2.16 | -596.95 | -5.32 | -15.9 | -828.77 | 0.54 | 31.71 | 12.5 | -11.62 | 13.93 | -576.23 | 57.87 | 23.1 | -61.72 | 101.24 | 1.65 | 12.49 | -0.83 | -202.89 | -108.26 | 2.98 | 29.0 | -34.79 |
| 21Q3 (10) | -2.08 | -220.93 | -105.94 | -6.90 | -143.67 | -1058.33 | -13.93 | -292.14 | -274.46 | -14.03 | -255.54 | -235.65 | -11.40 | -253.64 | -238.28 | -8.33 | -220.38 | -58.67 | -4.59 | -251.99 | -140.31 | 0.41 | 2.5 | -30.51 | -13.50 | -240.33 | -267.85 | 47.01 | -59.27 | -67.73 | 99.60 | 23.45 | 12.53 | 0.80 | -95.96 | -93.01 | 2.31 | -54.35 | -17.5 |
| 21Q2 (9) | 1.72 | -20.37 | 212.73 | 15.80 | -15.19 | 114.97 | 7.25 | -26.99 | 185.43 | 9.02 | -15.62 | 333.65 | 7.42 | -14.61 | 346.99 | 6.92 | -30.1 | 143.66 | 3.02 | -23.74 | 172.07 | 0.40 | -11.11 | -33.33 | 9.62 | -14.79 | 272.87 | 115.42 | -26.9 | -35.71 | 80.68 | -12.95 | -33.73 | 19.89 | 171.78 | 191.48 | 5.06 | -13.21 | 0 |
| 21Q1 (8) | 2.16 | 535.29 | -5.26 | 18.63 | 77.43 | 2.03 | 9.93 | 524.53 | -16.41 | 10.69 | 493.89 | -13.3 | 8.69 | 529.71 | -11.05 | 9.90 | 503.66 | -23.02 | 3.96 | 442.47 | -20.8 | 0.45 | -6.25 | -10.0 | 11.29 | 362.7 | -13.55 | 157.89 | 4.44 | -16.05 | 92.68 | 2.98 | -3.79 | 7.32 | -26.83 | 99.65 | 5.83 | 27.57 | -3.0 |
| 20Q4 (7) | 0.34 | 133.66 | 182.93 | 10.50 | 1358.33 | 65.88 | 1.59 | 142.74 | 1425.0 | 1.80 | 143.06 | 280.0 | 1.38 | 140.95 | 195.17 | 1.64 | 131.24 | 167.49 | 0.73 | 138.22 | 167.59 | 0.48 | -18.64 | -40.0 | 2.44 | 166.49 | 551.85 | 151.18 | 3.79 | 13.22 | 90.00 | 1.69 | 755.0 | 10.00 | -13.0 | -88.12 | 4.57 | 63.21 | 0 |
| 20Q3 (6) | -1.01 | -283.64 | -238.36 | 0.72 | -90.2 | -92.23 | -3.72 | -246.46 | -200.81 | -4.18 | -300.96 | -207.73 | -3.37 | -303.01 | -205.97 | -5.25 | -284.86 | -218.51 | -1.91 | -272.07 | -178.6 | 0.59 | -1.67 | -21.33 | -3.67 | -242.25 | -184.17 | 145.66 | -18.87 | 65.33 | 88.51 | -27.3 | -5.28 | 11.49 | 152.87 | 133.72 | 2.80 | 0 | -37.22 |
| 20Q2 (5) | 0.55 | -75.88 | 166.27 | 7.35 | -59.75 | 2327.27 | 2.54 | -78.62 | 160.05 | 2.08 | -83.13 | 151.87 | 1.66 | -83.01 | 152.87 | 2.84 | -77.92 | 159.79 | 1.11 | -77.8 | 138.81 | 0.60 | 20.0 | -34.78 | 2.58 | -80.25 | 171.47 | 179.53 | -4.55 | 111.29 | 121.74 | 26.37 | 15.33 | -21.74 | -693.17 | -291.3 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 2.28 | 656.1 | 0.0 | 18.26 | 188.47 | 0.0 | 11.88 | 10000.0 | 0.0 | 12.33 | 1333.0 | 0.0 | 9.77 | 773.79 | 0.0 | 12.86 | 629.22 | 0.0 | 5.00 | 562.96 | 0.0 | 0.50 | -37.5 | 0.0 | 13.06 | 2518.52 | 0.0 | 188.08 | 40.85 | 0.0 | 96.34 | 815.18 | 0.0 | 3.66 | -95.65 | 0.0 | 6.01 | 0 | 0.0 |
| 19Q4 (3) | -0.41 | -156.16 | 0.0 | 6.33 | -31.72 | 0.0 | -0.12 | -103.25 | 0.0 | -1.00 | -125.77 | 0.0 | -1.45 | -145.6 | 0.0 | -2.43 | -154.85 | 0.0 | -1.08 | -144.44 | 0.0 | 0.80 | 6.67 | 0.0 | -0.54 | -112.39 | 0.0 | 133.53 | 51.57 | 0.0 | 10.53 | -88.73 | 0.0 | 84.21 | 1612.28 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.73 | 187.95 | 0.0 | 9.27 | 2909.09 | 0.0 | 3.69 | 187.23 | 0.0 | 3.88 | 196.76 | 0.0 | 3.18 | 201.27 | 0.0 | 4.43 | 193.26 | 0.0 | 2.43 | 184.97 | 0.0 | 0.75 | -18.48 | 0.0 | 4.36 | 220.78 | 0.0 | 88.10 | 3.68 | 0.0 | 93.44 | -11.48 | 0.0 | 4.92 | 188.52 | 0.0 | 4.46 | 41.14 | 0.0 |
| 19Q2 (1) | -0.83 | 0.0 | 0.0 | -0.33 | 0.0 | 0.0 | -4.23 | 0.0 | 0.0 | -4.01 | 0.0 | 0.0 | -3.14 | 0.0 | 0.0 | -4.75 | 0.0 | 0.0 | -2.86 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | -3.61 | 0.0 | 0.0 | 84.97 | 0.0 | 0.0 | 105.56 | 0.0 | 0.0 | -5.56 | 0.0 | 0.0 | 3.16 | 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) | 3.38 | 33700.0 | 7.83 | -15.9 | 1.87 | 0 | 0.17 | -60.82 | 1.80 | 592.31 | 1.43 | 14200.0 | 11.09 | 55350.0 | 4.10 | 2633.33 | 2.55 | 52.69 | 2.21 | 169.51 | 290.68 | 160.02 | 103.34 | 0 | -3.34 | 0 | 0.05 | 0.45 | 2.39 | -47.24 |
| 2022 (9) | 0.01 | 0 | 9.31 | 57.8 | -0.76 | 0 | 0.43 | 17.88 | 0.26 | 0 | 0.01 | 0 | 0.02 | 0 | 0.15 | 0 | 1.67 | -18.93 | 0.82 | 0 | 111.79 | 93.17 | -300.00 | 0 | 400.00 | 0 | 0.05 | 70.84 | 4.53 | 11.3 |
| 2021 (8) | -1.02 | 0 | 5.90 | -30.34 | -2.10 | 0 | 0.37 | 5.58 | -1.45 | 0 | -1.20 | 0 | -4.77 | 0 | -2.18 | 0 | 2.06 | -14.88 | -0.90 | 0 | 57.87 | -61.72 | 145.05 | 37.41 | -45.05 | 0 | 0.03 | 0 | 4.07 | 1.5 |
| 2020 (7) | 2.06 | 1772.73 | 8.47 | 57.73 | 2.53 | 690.62 | 0.35 | -4.28 | 2.40 | 860.0 | 1.88 | 1609.09 | 11.11 | 1421.92 | 5.00 | 747.46 | 2.42 | -29.65 | 2.99 | 339.71 | 151.18 | 13.22 | 105.56 | -13.64 | -5.00 | 0 | 0.00 | 0 | 4.01 | 9.86 |
| 2019 (6) | 0.11 | -96.38 | 5.37 | -17.38 | 0.32 | -88.1 | 0.36 | 100.52 | 0.25 | -91.96 | 0.11 | -95.44 | 0.73 | -96.14 | 0.59 | -94.55 | 3.44 | -20.37 | 0.68 | -80.0 | 133.53 | 186.61 | 122.22 | 41.12 | -27.78 | 0 | 0.00 | 0 | 3.65 | 9.94 |
| 2018 (5) | 3.04 | -36.53 | 6.50 | -27.29 | 2.69 | -39.69 | 0.18 | -11.99 | 3.11 | -26.13 | 2.41 | -32.11 | 18.89 | -47.22 | 10.82 | -29.0 | 4.32 | 4.85 | 3.40 | -26.57 | 46.59 | -63.01 | 86.61 | -18.24 | 13.39 | 0 | 0.00 | 0 | 3.32 | -19.22 |
| 2017 (4) | 4.79 | 103.83 | 8.94 | -15.02 | 4.46 | 41.59 | 0.21 | -52.21 | 4.21 | 37.58 | 3.55 | 11.29 | 35.79 | 48.63 | 15.24 | 60.93 | 4.12 | 48.74 | 4.63 | 20.57 | 125.96 | -26.91 | 105.92 | 2.33 | -5.92 | 0 | 0.06 | 0 | 4.11 | -34.24 |
| 2016 (3) | 2.35 | 0 | 10.52 | 0 | 3.15 | 0 | 0.43 | 5.28 | 3.06 | 0 | 3.19 | 0 | 24.08 | 0 | 9.47 | 0 | 2.77 | -7.05 | 3.84 | 0 | 172.33 | -0.57 | 103.51 | -2.75 | -3.51 | 0 | 0.00 | 0 | 6.25 | 7.02 |
| 2015 (2) | -5.14 | 0 | -1.38 | 0 | -6.73 | 0 | 0.41 | 59.85 | -6.33 | 0 | -6.24 | 0 | -45.14 | 0 | -18.08 | 0 | 2.98 | -29.22 | -5.64 | 0 | 173.32 | 39.44 | 106.44 | 13.27 | -6.44 | 0 | 0.00 | 0 | 5.84 | 48.98 |
| 2014 (1) | 1.86 | -3.63 | 5.38 | 0 | 1.64 | 0 | 0.26 | -25.63 | 1.74 | 0 | 1.41 | 0 | 13.51 | 0 | 6.56 | 0 | 4.21 | 22.74 | 2.22 | -16.23 | 124.30 | -4.14 | 93.97 | -0.81 | 5.17 | 17.93 | 0.00 | 0 | 3.92 | -9.89 |
