- 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) | 0.80 | -23.81 | -1.23 | 11.99 | -13.24 | -13.05 | 5.52 | -20.46 | -18.82 | 5.47 | -30.5 | -17.12 | 4.88 | -26.51 | -9.29 | 2.32 | -25.64 | -6.45 | 1.45 | -23.28 | -5.84 | 0.25 | 4.17 | 8.7 | 9.37 | -20.39 | -7.14 | 92.83 | -1.44 | 1.88 | 101.10 | 14.77 | -1.83 | -1.10 | -109.28 | 62.98 | 4.99 | -23.47 | -9.27 |
| 24Q2 (19) | 1.05 | 81.03 | 191.67 | 13.82 | 8.31 | 95.2 | 6.94 | 14.14 | 342.04 | 7.87 | 31.61 | 435.37 | 6.64 | 45.93 | 228.71 | 3.12 | 77.27 | 186.24 | 1.89 | 56.2 | 133.33 | 0.24 | 20.0 | -7.69 | 11.77 | 9.29 | 168.72 | 94.19 | 3.29 | -13.63 | 88.10 | -13.03 | -18.09 | 11.90 | 711.11 | 257.74 | 6.52 | 15.6 | 32.79 |
| 24Q1 (18) | 0.58 | 196.67 | 480.0 | 12.76 | 394.57 | 101.58 | 6.08 | 238.18 | 732.88 | 5.98 | 232.3 | 2029.03 | 4.55 | 207.06 | 645.9 | 1.76 | 196.17 | 486.67 | 1.21 | 289.06 | 181.4 | 0.20 | -13.04 | -20.0 | 10.77 | 3574.19 | 304.89 | 91.19 | 3.9 | -12.1 | 101.30 | 3.71 | 144.57 | -1.95 | -183.77 | -100.6 | 5.64 | 20.77 | 27.89 |
| 23Q4 (17) | -0.60 | -174.07 | -164.52 | 2.58 | -81.29 | -79.69 | -4.40 | -164.71 | -175.73 | -4.52 | -168.48 | -174.46 | -4.25 | -179.0 | -184.33 | -1.83 | -173.79 | -167.28 | -0.64 | -141.56 | -138.55 | 0.23 | 0.0 | -17.86 | -0.31 | -103.07 | -103.6 | 87.77 | -3.68 | -7.37 | 97.67 | -5.16 | 2.2 | 2.33 | 177.91 | -47.44 | 4.67 | -15.09 | -1.06 |
| 23Q3 (16) | 0.81 | 125.0 | 1257.14 | 13.79 | 94.77 | 170.92 | 6.80 | 333.12 | 13700.0 | 6.60 | 348.98 | 1115.38 | 5.38 | 166.34 | 1682.35 | 2.48 | 127.52 | 1405.26 | 1.54 | 90.12 | 755.56 | 0.23 | -11.54 | -20.69 | 10.09 | 130.37 | 463.69 | 91.12 | -16.45 | -3.9 | 102.99 | -4.24 | 1187.31 | -2.99 | 60.45 | -103.24 | 5.50 | 12.02 | 6.59 |
| 23Q2 (15) | 0.36 | 260.0 | -83.64 | 7.08 | 11.85 | -62.54 | 1.57 | 115.07 | -88.88 | 1.47 | 574.19 | -89.27 | 2.02 | 231.15 | -81.69 | 1.09 | 263.33 | -82.97 | 0.81 | 88.37 | -77.44 | 0.26 | 4.0 | -16.13 | 4.38 | 64.66 | -72.37 | 109.06 | 5.13 | 7.84 | 107.55 | 147.32 | 4.33 | -7.55 | -102.31 | -144.62 | 4.91 | 11.34 | 7.91 |
| 23Q1 (14) | 0.10 | -89.25 | -93.2 | 6.33 | -50.16 | -58.79 | 0.73 | -87.44 | -92.99 | -0.31 | -105.11 | -103.15 | 0.61 | -87.9 | -92.23 | 0.30 | -88.97 | -93.1 | 0.43 | -74.1 | -83.77 | 0.25 | -10.71 | -19.35 | 2.66 | -69.14 | -77.74 | 103.74 | 9.49 | 31.12 | -227.27 | -337.79 | -314.55 | 327.27 | 7296.36 | 5619.01 | 4.41 | -6.57 | 13.37 |
| 22Q4 (13) | 0.93 | 1428.57 | -60.92 | 12.70 | 149.51 | -35.86 | 5.81 | 11720.0 | -60.66 | 6.07 | 1033.85 | -56.24 | 5.04 | 1582.35 | -54.22 | 2.72 | 1531.58 | -60.18 | 1.66 | 822.22 | -58.4 | 0.28 | -3.45 | -17.65 | 8.62 | 381.56 | -46.26 | 94.75 | -0.07 | 15.92 | 95.58 | 1094.69 | -10.22 | 4.42 | -95.19 | 168.52 | 4.72 | -8.53 | -16.16 |
| 22Q3 (12) | -0.07 | -103.18 | -102.45 | 5.09 | -73.07 | -77.62 | -0.05 | -100.35 | -100.28 | -0.65 | -104.74 | -103.7 | -0.34 | -103.08 | -102.33 | -0.19 | -102.97 | -101.87 | 0.18 | -94.99 | -96.7 | 0.29 | -6.45 | -17.14 | 1.79 | -88.71 | -90.91 | 94.82 | -6.24 | 13.65 | 8.00 | -92.24 | -92.04 | 92.00 | 3081.88 | 19634.67 | 5.16 | 13.41 | 21.13 |
| 22Q2 (11) | 2.20 | 49.66 | 29.41 | 18.90 | 23.05 | -3.28 | 14.12 | 35.51 | 1.36 | 13.70 | 39.37 | 20.81 | 11.03 | 40.51 | 24.35 | 6.40 | 47.13 | -3.47 | 3.59 | 35.47 | 5.59 | 0.31 | 0.0 | -13.89 | 15.85 | 32.64 | 17.67 | 101.13 | 27.82 | -14.87 | 103.09 | -2.69 | -16.11 | -3.09 | 47.97 | 86.52 | 4.55 | 16.97 | 2.71 |
| 22Q1 (10) | 1.47 | -38.24 | 22.5 | 15.36 | -22.42 | -19.54 | 10.42 | -29.45 | -13.17 | 9.83 | -29.13 | -1.5 | 7.85 | -28.7 | -4.38 | 4.35 | -36.31 | -8.42 | 2.65 | -33.58 | -1.12 | 0.31 | -8.82 | 10.71 | 11.95 | -25.5 | -10.95 | 79.12 | -3.21 | -19.37 | 105.93 | -0.5 | -11.96 | -5.93 | 8.17 | 70.82 | 3.89 | -30.91 | -23.73 |
| 21Q4 (9) | 2.38 | -16.78 | 108.77 | 19.80 | -12.93 | 28.74 | 14.77 | -16.36 | 52.58 | 13.87 | -21.15 | 82.02 | 11.01 | -24.43 | 56.84 | 6.83 | -32.91 | 42.89 | 3.99 | -26.92 | 51.71 | 0.34 | -2.86 | 0.0 | 16.04 | -18.58 | 55.73 | 81.74 | -2.03 | -27.02 | 106.46 | 5.96 | -16.35 | -6.46 | -1271.16 | 75.9 | 5.63 | 32.16 | 39.36 |
| 21Q3 (8) | 2.86 | 68.24 | 197.92 | 22.74 | 16.38 | 44.56 | 17.66 | 26.78 | 79.84 | 17.59 | 55.11 | 99.43 | 14.57 | 64.26 | 121.43 | 10.18 | 53.54 | 138.41 | 5.46 | 60.59 | 128.45 | 0.35 | -2.78 | 6.06 | 19.70 | 46.25 | 74.65 | 83.43 | -29.77 | -9.53 | 100.47 | -18.24 | -9.53 | -0.47 | 97.94 | 95.91 | 4.26 | -3.84 | 0.24 |
| 21Q2 (7) | 1.70 | 41.67 | 126.67 | 19.54 | 2.36 | 54.59 | 13.93 | 16.08 | 122.17 | 11.34 | 13.63 | 84.69 | 8.87 | 8.04 | 66.73 | 6.63 | 39.58 | 98.5 | 3.40 | 26.87 | 69.15 | 0.36 | 28.57 | 12.5 | 13.47 | 0.37 | 50.5 | 118.80 | 21.06 | 16.8 | 122.89 | 2.13 | 19.59 | -22.89 | -12.61 | -1006.27 | 4.43 | -13.14 | 0 |
| 21Q1 (6) | 1.20 | 5.26 | 1233.33 | 19.09 | 24.12 | 85.52 | 12.00 | 23.97 | 415.02 | 9.98 | 30.97 | 738.66 | 8.21 | 16.95 | 802.2 | 4.75 | -0.63 | 1183.78 | 2.68 | 1.9 | 446.94 | 0.28 | -17.65 | 27.27 | 13.42 | 30.29 | 155.13 | 98.13 | -12.38 | 14.5 | 120.33 | -5.46 | -38.21 | -20.33 | 24.14 | 78.55 | 5.10 | 26.24 | 1.59 |
| 20Q4 (5) | 1.14 | 18.75 | 22.58 | 15.38 | -2.23 | -6.11 | 9.68 | -1.43 | -4.25 | 7.62 | -13.61 | -18.06 | 7.02 | 6.69 | 1.74 | 4.78 | 11.94 | 16.87 | 2.63 | 10.04 | 11.44 | 0.34 | 3.03 | 13.33 | 10.30 | -8.69 | -15.37 | 112.00 | 21.45 | 26.4 | 127.27 | 14.6 | 17.27 | -26.79 | -132.57 | -214.09 | 4.04 | -4.94 | 0 |
| 20Q3 (4) | 0.96 | 28.0 | 0.0 | 15.73 | 24.45 | 0.0 | 9.82 | 56.62 | 0.0 | 8.82 | 43.65 | 0.0 | 6.58 | 23.68 | 0.0 | 4.27 | 27.84 | 0.0 | 2.39 | 18.91 | 0.0 | 0.33 | 3.13 | 0.0 | 11.28 | 26.03 | 0.0 | 92.22 | -9.33 | 0.0 | 111.06 | 8.08 | 0.0 | -11.52 | -456.84 | 0.0 | 4.25 | 0 | 0.0 |
| 20Q2 (3) | 0.75 | 733.33 | 0.0 | 12.64 | 22.84 | 0.0 | 6.27 | 169.1 | 0.0 | 6.14 | 415.97 | 0.0 | 5.32 | 484.62 | 0.0 | 3.34 | 802.7 | 0.0 | 2.01 | 310.2 | 0.0 | 0.32 | 45.45 | 0.0 | 8.95 | 70.15 | 0.0 | 101.71 | 18.68 | 0.0 | 102.76 | -47.23 | 0.0 | -2.07 | 97.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.09 | -90.32 | 0.0 | 10.29 | -37.18 | 0.0 | 2.33 | -76.95 | 0.0 | 1.19 | -87.2 | 0.0 | 0.91 | -86.81 | 0.0 | 0.37 | -90.95 | 0.0 | 0.49 | -79.24 | 0.0 | 0.22 | -26.67 | 0.0 | 5.26 | -56.78 | 0.0 | 85.70 | -3.28 | 0.0 | 194.74 | 79.43 | 0.0 | -94.74 | -1010.53 | 0.0 | 5.02 | 0 | 0.0 |
| 19Q4 (1) | 0.93 | 0.0 | 0.0 | 16.38 | 0.0 | 0.0 | 10.11 | 0.0 | 0.0 | 9.30 | 0.0 | 0.0 | 6.90 | 0.0 | 0.0 | 4.09 | 0.0 | 0.0 | 2.36 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 12.17 | 0.0 | 0.0 | 88.61 | 0.0 | 0.0 | 108.53 | 0.0 | 0.0 | -8.53 | 0.0 | 0.0 | 0.00 | 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) | 0.67 | -85.21 | 7.47 | -42.71 | 1.26 | -83.46 | 1.75 | 43.67 | 0.88 | -87.91 | 1.05 | -82.29 | 2.02 | -85.11 | 2.29 | -72.17 | 1.01 | -17.21 | 4.23 | -55.89 | 87.77 | -7.37 | 142.98 | 36.54 | -42.98 | 0 | 0.92 | 182.3 | 4.86 | 5.88 |
| 2022 (9) | 4.53 | -43.38 | 13.04 | -36.11 | 7.62 | -48.65 | 1.22 | -4.56 | 7.28 | -46.23 | 5.93 | -45.8 | 13.57 | -49.78 | 8.23 | -45.32 | 1.22 | -4.69 | 9.59 | -39.8 | 94.75 | 15.92 | 104.72 | -4.4 | -4.72 | 0 | 0.33 | -17.6 | 4.59 | -5.56 |
| 2021 (8) | 8.00 | 172.11 | 20.41 | 47.05 | 14.84 | 96.3 | 1.28 | -27.27 | 13.54 | 110.25 | 10.94 | 102.59 | 27.02 | 120.21 | 15.05 | 111.97 | 1.28 | 13.27 | 15.93 | 70.74 | 81.74 | -27.02 | 109.54 | -6.59 | -9.59 | 0 | 0.40 | -7.86 | 4.86 | 7.52 |
| 2020 (7) | 2.94 | 6.14 | 13.88 | 0.07 | 7.56 | 1.75 | 1.76 | 8.12 | 6.44 | -3.59 | 5.40 | 1.69 | 12.27 | 2.08 | 7.10 | -5.33 | 1.13 | -4.24 | 9.33 | -3.81 | 112.00 | 26.4 | 117.26 | 5.43 | -17.26 | 0 | 0.43 | -10.14 | 4.52 | 1.35 |
| 2019 (6) | 2.77 | -13.17 | 13.87 | -7.16 | 7.43 | -9.39 | 1.62 | 8.5 | 6.68 | -11.64 | 5.31 | -12.23 | 12.02 | -13.53 | 7.50 | -14.09 | 1.18 | -4.84 | 9.70 | -6.19 | 88.61 | -8.54 | 111.22 | 2.67 | -11.22 | 0 | 0.48 | 59.07 | 4.46 | -11.51 |
| 2018 (5) | 3.19 | -21.62 | 14.94 | -20.57 | 8.20 | -32.34 | 1.50 | 12.51 | 7.56 | -33.92 | 6.05 | -33.0 | 13.90 | -25.19 | 8.73 | -30.22 | 1.24 | -4.62 | 10.34 | -23.41 | 96.88 | 30.48 | 108.33 | 2.21 | -8.33 | 0 | 0.30 | 0 | 5.04 | 0.6 |
| 2017 (4) | 4.07 | 46.4 | 18.81 | 3.07 | 12.12 | 20.6 | 1.33 | -31.8 | 11.44 | 14.86 | 9.03 | 15.77 | 18.58 | 40.44 | 12.51 | 30.18 | 1.30 | 9.24 | 13.50 | 10.02 | 74.25 | 78.74 | 105.99 | 5.11 | -5.99 | 0 | 0.00 | 0 | 5.01 | -14.21 |
| 2016 (3) | 2.78 | 95.77 | 18.25 | 34.89 | 10.05 | 88.2 | 1.95 | -12.4 | 9.96 | 85.47 | 7.80 | 97.97 | 13.23 | 102.29 | 9.61 | 95.33 | 1.19 | 1.71 | 12.27 | 54.53 | 41.54 | -5.46 | 100.84 | 1.46 | -0.84 | 0 | 0.00 | 0 | 5.84 | 7.35 |
| 2015 (2) | 1.42 | -53.44 | 13.53 | -23.52 | 5.34 | -48.16 | 2.23 | 7.41 | 5.37 | -47.2 | 3.94 | -51.0 | 6.54 | -55.48 | 4.92 | -53.76 | 1.17 | -4.1 | 7.94 | -39.34 | 43.94 | 9.93 | 99.38 | -1.82 | 0.62 | 0 | 0.00 | 0 | 5.44 | 16.24 |
| 2014 (1) | 3.05 | 95.51 | 17.69 | 0 | 10.30 | 0 | 2.07 | -3.01 | 10.17 | 0 | 8.04 | 0 | 14.69 | 0 | 10.64 | 0 | 1.22 | -3.94 | 13.09 | 70.0 | 39.97 | -34.57 | 101.23 | -9.61 | -1.23 | 0 | 0.00 | 0 | 4.68 | -2.3 |
