- 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) | 0.50 | 614.29 | -68.55 | 19.16 | 3.12 | -9.92 | -0.23 | -64.29 | -112.99 | 3.54 | 1211.11 | -62.18 | 3.21 | 613.33 | -64.17 | 1.44 | 620.0 | -69.49 | 1.10 | 423.81 | -67.26 | 0.33 | 6.45 | -10.81 | 4.64 | 220.0 | -55.26 | 34.13 | -17.76 | -18.19 | -5.71 | 91.43 | -130.29 | 105.71 | -20.71 | 30.3 | 11.06 | 9.4 | 13.79 |
| 24Q2 (19) | 0.07 | -95.04 | -56.25 | 18.58 | -26.71 | -2.11 | -0.14 | -101.66 | -133.33 | 0.27 | -97.2 | -81.38 | 0.45 | -94.05 | -51.61 | 0.20 | -94.79 | -60.0 | 0.21 | -92.05 | -47.5 | 0.31 | -8.82 | -13.89 | 1.45 | -86.38 | -39.83 | 41.50 | -20.85 | -7.2 | -66.67 | -176.0 | -313.33 | 133.33 | 985.71 | 93.94 | 10.11 | 1.1 | 9.89 |
| 24Q1 (18) | 1.41 | 43.88 | 271.05 | 25.35 | 5.93 | 27.0 | 8.45 | 24.08 | 182.61 | 9.64 | 61.2 | 233.56 | 7.56 | 42.11 | 248.39 | 3.84 | 41.18 | 214.75 | 2.64 | 35.38 | 196.63 | 0.34 | -5.56 | -12.82 | 10.65 | 52.14 | 175.91 | 52.43 | 15.05 | 9.16 | 87.72 | -23.25 | -14.94 | 12.28 | 185.96 | 492.98 | 10.00 | 9.29 | 14.55 |
| 23Q4 (17) | 0.98 | -38.36 | 58.06 | 23.93 | 12.51 | 36.59 | 6.81 | 284.75 | 184.94 | 5.98 | -36.11 | 81.21 | 5.32 | -40.62 | 66.77 | 2.72 | -42.37 | 30.77 | 1.95 | -41.96 | 33.56 | 0.36 | -2.7 | -18.18 | 7.00 | -32.5 | 72.41 | 45.57 | 9.23 | 3.54 | 114.29 | 505.71 | 56.19 | -14.29 | -117.61 | -153.25 | 9.15 | -5.86 | 24.83 |
| 23Q3 (16) | 1.59 | 893.75 | -27.06 | 21.27 | 12.07 | 22.81 | 1.77 | 321.43 | -2.21 | 9.36 | 545.52 | -31.98 | 8.96 | 863.44 | -27.97 | 4.72 | 844.0 | -37.32 | 3.36 | 740.0 | -33.86 | 0.37 | 2.78 | -7.5 | 10.37 | 330.29 | -28.83 | 41.72 | -6.71 | -19.24 | 18.87 | -39.62 | 44.34 | 81.13 | 18.01 | -6.67 | 9.72 | 5.65 | -2.7 |
| 23Q2 (15) | 0.16 | -57.89 | 194.12 | 18.98 | -4.91 | 54.69 | 0.42 | -85.95 | 111.93 | 1.45 | -49.83 | 189.51 | 0.93 | -57.14 | 179.49 | 0.50 | -59.02 | 192.59 | 0.40 | -55.06 | 229.03 | 0.36 | -7.69 | 20.0 | 2.41 | -37.56 | 465.15 | 44.72 | -6.89 | -6.21 | 31.25 | -69.7 | -85.35 | 68.75 | 2300.0 | 160.66 | 9.20 | 5.38 | -4.37 |
| 23Q1 (14) | 0.38 | -38.71 | 46.15 | 19.96 | 13.93 | 38.32 | 2.99 | 25.1 | 235.96 | 2.89 | -12.42 | 27.31 | 2.17 | -31.97 | 42.76 | 1.22 | -41.35 | 62.67 | 0.89 | -39.04 | 67.92 | 0.39 | -11.36 | 18.18 | 3.86 | -4.93 | 26.97 | 48.03 | 9.13 | -14.09 | 103.12 | 40.94 | 157.81 | -3.12 | -111.65 | -105.21 | 8.73 | 19.1 | 2.71 |
| 22Q4 (13) | 0.62 | -71.56 | 542.86 | 17.52 | 1.15 | 70.1 | 2.39 | 32.04 | 1493.33 | 3.30 | -76.02 | 436.73 | 3.19 | -74.36 | 536.99 | 2.08 | -72.38 | 620.0 | 1.46 | -71.26 | 708.33 | 0.44 | 10.0 | 15.79 | 4.06 | -72.13 | 1661.54 | 44.01 | -14.81 | 0.2 | 73.17 | 459.76 | 502.44 | 26.83 | -69.14 | -77.3 | 7.33 | -26.63 | 3.82 |
| 22Q3 (12) | 2.18 | 1382.35 | 1182.35 | 17.32 | 41.16 | 69.31 | 1.81 | 151.42 | 263.06 | 13.76 | 949.38 | 975.0 | 12.44 | 1163.25 | 1010.71 | 7.53 | 1494.44 | 1406.0 | 5.08 | 1738.71 | 1272.97 | 0.40 | 33.33 | 33.33 | 14.57 | 2307.58 | 565.3 | 51.66 | 8.35 | 9.26 | 13.07 | -93.87 | 114.26 | 86.93 | 176.7 | -54.65 | 9.99 | 3.85 | 11.62 |
| 22Q2 (11) | -0.17 | -165.38 | -270.0 | 12.27 | -14.97 | 4.16 | -3.52 | -495.51 | -388.52 | -1.62 | -171.37 | -318.92 | -1.17 | -176.97 | -295.0 | -0.54 | -172.0 | -280.0 | -0.31 | -158.49 | -234.78 | 0.30 | -9.09 | -9.09 | -0.66 | -121.71 | -140.99 | 47.68 | -14.72 | -13.67 | 213.33 | 433.33 | 31.28 | -113.33 | -288.89 | -81.33 | 9.62 | 13.18 | 20.4 |
| 22Q1 (10) | 0.26 | 285.71 | 18.18 | 14.43 | 40.1 | -0.14 | 0.89 | 493.33 | -69.73 | 2.27 | 331.63 | 50.33 | 1.52 | 308.22 | 8.57 | 0.75 | 287.5 | 1.35 | 0.53 | 320.83 | -1.85 | 0.33 | -13.16 | -10.81 | 3.04 | 1269.23 | 26.67 | 55.91 | 27.3 | 33.85 | 40.00 | 320.0 | -79.31 | 60.00 | -49.23 | 164.29 | 8.50 | 20.4 | -3.41 |
| 21Q4 (9) | -0.14 | -182.35 | -134.15 | 10.30 | 0.68 | -10.82 | 0.15 | 113.51 | -89.05 | -0.98 | -176.56 | -154.44 | -0.73 | -165.18 | -134.93 | -0.40 | -180.0 | -127.03 | -0.24 | -164.86 | -123.08 | 0.38 | 26.67 | -22.45 | -0.26 | -111.87 | -110.32 | 43.92 | -7.11 | 10.02 | -18.18 | 80.17 | -123.53 | 118.18 | -38.34 | 420.0 | 7.06 | -21.12 | -0.98 |
| 21Q3 (8) | 0.17 | 70.0 | -70.18 | 10.23 | -13.16 | -15.38 | -1.11 | -190.98 | -200.0 | 1.28 | 72.97 | -59.62 | 1.12 | 86.67 | -64.1 | 0.50 | 66.67 | -76.64 | 0.37 | 60.87 | -74.13 | 0.30 | -9.09 | -33.33 | 2.19 | 36.02 | -45.66 | 47.28 | -14.39 | -7.35 | -91.67 | -156.41 | -360.9 | 191.67 | 406.67 | 195.49 | 8.95 | 12.02 | 11.18 |
| 21Q2 (7) | 0.10 | -54.55 | 112.82 | 11.78 | -18.48 | 63.38 | 1.22 | -58.5 | 123.19 | 0.74 | -50.99 | 113.36 | 0.60 | -57.14 | 111.09 | 0.30 | -59.46 | 110.17 | 0.23 | -57.41 | 112.64 | 0.33 | -10.81 | -2.94 | 1.61 | -32.92 | 137.01 | 55.23 | 32.22 | 2.16 | 162.50 | -15.95 | 72.66 | -62.50 | 33.04 | -1162.5 | 7.99 | -9.2 | -7.42 |
| 21Q1 (6) | 0.22 | -46.34 | -76.84 | 14.45 | 25.11 | -23.83 | 2.94 | 114.6 | -54.42 | 1.51 | -16.11 | -78.67 | 1.40 | -33.01 | -75.69 | 0.74 | -50.0 | -78.74 | 0.54 | -48.08 | -76.52 | 0.37 | -24.49 | -5.13 | 2.40 | -4.76 | -69.96 | 41.77 | 4.63 | -32.38 | 193.33 | 150.2 | 110.39 | -93.33 | -510.67 | -1086.67 | 8.80 | 23.42 | -9.65 |
| 20Q4 (5) | 0.41 | -28.07 | 105.0 | 11.55 | -4.47 | -27.08 | 1.37 | 23.42 | -66.09 | 1.80 | -43.22 | -20.0 | 2.09 | -33.01 | 80.17 | 1.48 | -30.84 | 114.49 | 1.04 | -27.27 | 103.92 | 0.49 | 8.89 | 16.67 | 2.52 | -37.47 | -25.0 | 39.92 | -21.77 | -11.76 | 77.27 | 119.93 | -56.87 | 22.73 | -64.96 | 128.71 | 7.13 | -11.43 | -18.89 |
| 20Q3 (4) | 0.57 | 173.08 | 0.0 | 12.09 | 67.68 | 0.0 | 1.11 | 121.1 | 0.0 | 3.17 | 157.22 | 0.0 | 3.12 | 157.67 | 0.0 | 2.14 | 172.54 | 0.0 | 1.43 | 178.57 | 0.0 | 0.45 | 32.35 | 0.0 | 4.03 | 192.64 | 0.0 | 51.03 | -5.6 | 0.0 | 35.14 | -62.67 | 0.0 | 64.86 | 1002.7 | 0.0 | 8.05 | -6.72 | 0.0 |
| 20Q2 (3) | -0.78 | -182.11 | 0.0 | 7.21 | -61.99 | 0.0 | -5.26 | -181.55 | 0.0 | -5.54 | -178.25 | 0.0 | -5.41 | -193.92 | 0.0 | -2.95 | -184.77 | 0.0 | -1.82 | -179.13 | 0.0 | 0.34 | -12.82 | 0.0 | -4.35 | -154.44 | 0.0 | 54.06 | -12.48 | 0.0 | 94.12 | 2.42 | 0.0 | 5.88 | -37.82 | 0.0 | 8.63 | -11.4 | 0.0 |
| 20Q1 (2) | 0.95 | 375.0 | 0.0 | 18.97 | 19.76 | 0.0 | 6.45 | 59.65 | 0.0 | 7.08 | 214.67 | 0.0 | 5.76 | 396.55 | 0.0 | 3.48 | 404.35 | 0.0 | 2.30 | 350.98 | 0.0 | 0.39 | -7.14 | 0.0 | 7.99 | 137.8 | 0.0 | 61.77 | 36.54 | 0.0 | 91.89 | -48.71 | 0.0 | 9.46 | 111.95 | 0.0 | 9.74 | 10.81 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 15.84 | 0.0 | 0.0 | 4.04 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 45.24 | 0.0 | 0.0 | 179.17 | 0.0 | 0.0 | -79.17 | 0.0 | 0.0 | 8.79 | 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) | 3.12 | 7.96 | 21.09 | 35.28 | 3.07 | 395.16 | 0.73 | 14.05 | 4.98 | 6.41 | 4.40 | 4.27 | 9.28 | 6.18 | 6.64 | 6.41 | 1.46 | 1.39 | 5.95 | 8.18 | 45.57 | 3.54 | 61.88 | 365.27 | 38.57 | -55.77 | 0.03 | -72.6 | 9.20 | 4.78 |
| 2022 (9) | 2.89 | 725.71 | 15.59 | 33.93 | 0.62 | -22.5 | 0.64 | -10.02 | 4.68 | 721.05 | 4.22 | 681.48 | 8.74 | 687.39 | 6.24 | 593.33 | 1.44 | -0.69 | 5.50 | 290.07 | 44.01 | 0.2 | 13.30 | -90.33 | 87.19 | 0 | 0.11 | 251.33 | 8.78 | 7.86 |
| 2021 (8) | 0.35 | -69.57 | 11.64 | -7.32 | 0.80 | -29.2 | 0.72 | -5.16 | 0.57 | -69.84 | 0.54 | -67.66 | 1.11 | -72.39 | 0.90 | -69.49 | 1.45 | -14.2 | 1.41 | -49.1 | 43.92 | 10.02 | 137.50 | 132.91 | -41.67 | 0 | 0.03 | -61.19 | 8.14 | -2.16 |
| 2020 (7) | 1.15 | -23.33 | 12.56 | -20.0 | 1.13 | -58.46 | 0.76 | -29.18 | 1.89 | -34.83 | 1.67 | -32.66 | 4.02 | -28.09 | 2.95 | -26.07 | 1.69 | 7.64 | 2.77 | -32.6 | 39.92 | -11.76 | 59.04 | -37.03 | 39.76 | 536.14 | 0.08 | 109.02 | 8.32 | -14.14 |
| 2019 (6) | 1.50 | 11.94 | 15.70 | 26.92 | 2.72 | 189.36 | 1.07 | 71.22 | 2.90 | 36.79 | 2.48 | 31.22 | 5.59 | 2.57 | 3.99 | 14.33 | 1.57 | -10.8 | 4.11 | 42.21 | 45.24 | 9.43 | 93.75 | 112.05 | 6.25 | -88.8 | 0.04 | -14.53 | 9.69 | 16.33 |
| 2018 (5) | 1.34 | 396.3 | 12.37 | 9.86 | 0.94 | 623.08 | 0.62 | -16.57 | 2.12 | 417.07 | 1.89 | 372.5 | 5.45 | 409.35 | 3.49 | 341.77 | 1.76 | 3.53 | 2.89 | 117.29 | 41.34 | -52.27 | 44.21 | 25.26 | 55.79 | -20.96 | 0.04 | 0 | 8.33 | -5.34 |
| 2017 (4) | 0.27 | -87.32 | 11.26 | -29.54 | 0.13 | -96.59 | 0.75 | -16.87 | 0.41 | -89.38 | 0.40 | -87.22 | 1.07 | -86.94 | 0.79 | -86.47 | 1.70 | -7.61 | 1.33 | -73.08 | 86.62 | 182.89 | 35.29 | -64.27 | 70.59 | 5652.94 | 0.00 | 0 | 8.80 | -11.47 |
| 2016 (3) | 2.13 | 166.25 | 15.98 | 40.55 | 3.81 | 364.63 | 0.90 | 36.33 | 3.86 | 194.66 | 3.13 | 236.56 | 8.19 | 154.35 | 5.84 | 183.5 | 1.84 | -10.68 | 4.94 | 130.84 | 30.62 | -44.81 | 98.77 | 55.84 | 1.23 | -96.65 | 0.00 | 0 | 9.94 | 17.91 |
| 2015 (2) | 0.80 | -61.54 | 11.37 | 14.16 | 0.82 | -49.38 | 0.66 | 64.86 | 1.31 | -36.71 | 0.93 | -46.55 | 3.22 | -60.87 | 2.06 | -56.99 | 2.06 | -20.46 | 2.14 | -18.94 | 55.48 | -31.46 | 63.38 | -18.89 | 36.62 | 67.56 | 0.00 | 0 | 8.43 | 20.09 |
| 2014 (1) | 2.08 | -53.47 | 9.96 | 0 | 1.62 | 0 | 0.40 | 32.55 | 2.07 | 0 | 1.74 | 0 | 8.23 | 0 | 4.79 | 0 | 2.59 | -12.79 | 2.64 | -41.2 | 80.95 | -3.72 | 78.15 | -11.34 | 21.85 | 89.4 | 0.00 | 0 | 7.02 | 13.96 |
