- 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) | 1.89 | -78.52 | 78.3 | 34.01 | -1.96 | -16.52 | 10.45 | 168.3 | 5.03 | 11.77 | -80.85 | 15.85 | 10.24 | -83.93 | 49.49 | 4.57 | -80.28 | 43.71 | 3.15 | -77.77 | 76.97 | 0.31 | 40.91 | 19.23 | 18.38 | -73.47 | 14.23 | 40.17 | -21.34 | -45.51 | 88.74 | 456.65 | -9.59 | 11.26 | -90.99 | 408.42 | 9.48 | -59.19 | -27.36 |
| 24Q2 (19) | 8.80 | 282.61 | 2215.79 | 34.69 | -19.42 | -4.78 | -15.30 | -195.57 | -814.95 | 61.46 | 275.67 | 2329.25 | 63.74 | 423.75 | 1867.28 | 23.17 | 243.26 | 2006.36 | 14.17 | 265.21 | 2114.06 | 0.22 | -31.25 | 10.0 | 69.29 | 226.53 | 604.88 | 51.07 | -34.58 | -41.3 | -24.88 | -125.44 | -129.31 | 124.88 | 5571.75 | 727.35 | 23.23 | 94.07 | 56.85 |
| 24Q1 (18) | 2.30 | 2975.0 | 19.79 | 43.05 | 26.62 | 3.09 | 16.01 | 363.76 | 7.81 | 16.36 | 454.11 | 8.92 | 12.17 | 1036.15 | 10.04 | 6.75 | 1600.0 | 29.81 | 3.88 | 1652.0 | 21.63 | 0.32 | 60.0 | 10.34 | 21.22 | 524.12 | 0.9 | 78.07 | 11.96 | 25.53 | 97.80 | -25.64 | -1.12 | 2.20 | 106.99 | 100.81 | 11.97 | -21.66 | 1.7 |
| 23Q4 (17) | -0.08 | -107.55 | -180.0 | 34.00 | -16.54 | -15.36 | -6.07 | -161.01 | -399.01 | -4.62 | -145.47 | -295.76 | -1.30 | -118.98 | -313.11 | -0.45 | -114.15 | -314.29 | -0.25 | -114.04 | -278.57 | 0.20 | -23.08 | 0.0 | 3.40 | -78.87 | -81.88 | 69.73 | -5.41 | 7.01 | 131.52 | 33.99 | 52.45 | -31.52 | -1523.73 | -329.66 | 15.28 | 17.09 | 15.5 |
| 23Q3 (16) | 1.06 | 178.95 | -62.28 | 40.74 | 11.83 | -4.61 | 9.95 | 364.95 | -48.1 | 10.16 | 301.58 | -48.06 | 6.85 | 111.42 | -53.11 | 3.18 | 189.09 | -61.55 | 1.78 | 178.13 | -61.8 | 0.26 | 30.0 | -18.75 | 16.09 | 63.68 | -25.85 | 73.72 | -15.26 | 0.55 | 98.15 | 15.6 | 0.11 | 2.21 | -85.33 | 13.26 | 13.05 | -11.88 | 15.28 |
| 23Q2 (15) | 0.38 | -80.21 | -73.05 | 36.43 | -12.76 | -7.42 | 2.14 | -85.59 | -81.26 | 2.53 | -83.16 | -78.15 | 3.24 | -70.71 | -67.6 | 1.10 | -78.85 | -72.57 | 0.64 | -79.94 | -72.65 | 0.20 | -31.03 | -13.04 | 9.83 | -53.26 | -34.34 | 87.00 | 39.89 | 5.39 | 84.91 | -14.15 | -13.87 | 15.09 | 1276.6 | 960.38 | 14.81 | 25.83 | 12.71 |
| 23Q1 (14) | 1.92 | 1820.0 | -35.35 | 41.76 | 3.96 | -10.65 | 14.85 | 631.53 | -35.6 | 15.02 | 536.44 | -28.03 | 11.06 | 1713.11 | -28.27 | 5.20 | 2376.19 | -39.53 | 3.19 | 2178.57 | -40.04 | 0.29 | 45.0 | -14.71 | 21.03 | 12.1 | -9.47 | 62.19 | -4.56 | 0.26 | 98.90 | 14.64 | -10.53 | 1.10 | -92.01 | 110.39 | 11.77 | -11.04 | 3.98 |
| 22Q4 (13) | 0.10 | -96.44 | -91.15 | 40.17 | -5.95 | -20.36 | 2.03 | -89.41 | -89.65 | 2.36 | -87.93 | -79.26 | 0.61 | -95.82 | -90.66 | 0.21 | -97.46 | -92.08 | 0.14 | -97.0 | -91.14 | 0.20 | -37.5 | -16.67 | 18.76 | -13.55 | -7.27 | 65.16 | -11.13 | 5.32 | 86.27 | -12.01 | -49.97 | 13.73 | 602.11 | 118.94 | 13.23 | 16.87 | 22.5 |
| 22Q3 (12) | 2.81 | 99.29 | 14.23 | 42.71 | 8.54 | 0.52 | 19.17 | 67.86 | 5.16 | 19.56 | 68.91 | 24.19 | 14.61 | 46.1 | 25.09 | 8.27 | 106.23 | 15.99 | 4.66 | 99.15 | 14.78 | 0.32 | 39.13 | -8.57 | 21.70 | 44.96 | -3.73 | 73.32 | -11.18 | -4.51 | 98.05 | -0.54 | -15.35 | 1.95 | 37.33 | 112.49 | 11.32 | -13.85 | 5.2 |
| 22Q2 (11) | 1.41 | -52.53 | 46.87 | 39.35 | -15.81 | 10.01 | 11.42 | -50.48 | 34.99 | 11.58 | -44.51 | 40.7 | 10.00 | -35.15 | 58.73 | 4.01 | -53.37 | 55.43 | 2.34 | -56.02 | 57.05 | 0.23 | -32.35 | 0.0 | 14.97 | -35.56 | -14.41 | 82.55 | 33.08 | 9.96 | 98.58 | -10.83 | -4.32 | 1.42 | 113.49 | 146.98 | 13.14 | 16.08 | 10.23 |
| 22Q1 (10) | 2.97 | 162.83 | 68.75 | 46.74 | -7.34 | 18.84 | 23.06 | 17.59 | 66.62 | 20.87 | 83.39 | 52.22 | 15.42 | 136.14 | 63.52 | 8.60 | 224.53 | 66.34 | 5.32 | 236.71 | 75.58 | 0.34 | 41.67 | 6.25 | 23.23 | 14.83 | 10.2 | 62.03 | 0.26 | -16.65 | 110.55 | -35.9 | 9.52 | -10.55 | 85.44 | -1023.42 | 11.32 | 4.81 | 11.75 |
| 21Q4 (9) | 1.13 | -54.07 | 205.41 | 50.44 | 18.71 | 55.68 | 19.61 | 7.57 | 1341.14 | 11.38 | -27.75 | 1056.3 | 6.53 | -44.09 | 1260.42 | 2.65 | -62.83 | 1294.74 | 1.58 | -61.08 | 1115.38 | 0.24 | -31.43 | 9.09 | 20.23 | -10.25 | 155.43 | 61.87 | -19.42 | -10.1 | 172.45 | 48.89 | 26.8 | -72.45 | -363.03 | -126.42 | 10.80 | 0.37 | 5.68 |
| 21Q3 (8) | 2.46 | 156.25 | 87.79 | 42.49 | 18.79 | 5.85 | 18.23 | 115.48 | 34.84 | 15.75 | 91.37 | 31.69 | 11.68 | 85.4 | 41.06 | 7.13 | 176.36 | 77.36 | 4.06 | 172.48 | 80.44 | 0.35 | 52.17 | 29.63 | 22.54 | 28.87 | -26.53 | 76.78 | 2.28 | 3.85 | 115.83 | 12.42 | 2.41 | -15.65 | -416.37 | -19.46 | 10.76 | -9.73 | -9.2 |
| 21Q2 (7) | 0.96 | -45.45 | -18.64 | 35.77 | -9.05 | -9.1 | 8.46 | -38.87 | -30.26 | 8.23 | -39.97 | -23.87 | 6.30 | -33.19 | -14.75 | 2.58 | -50.1 | -26.29 | 1.49 | -50.83 | -23.2 | 0.23 | -28.12 | -11.54 | 17.49 | -17.03 | -14.6 | 75.07 | 0.87 | -14.44 | 103.03 | 2.07 | -7.97 | -3.03 | -222.73 | 75.4 | 11.92 | 17.67 | -20.37 |
| 21Q1 (6) | 1.76 | 375.68 | -17.76 | 39.33 | 21.39 | 1.08 | 13.84 | 975.95 | -14.04 | 13.71 | 1252.1 | -13.83 | 9.43 | 1864.58 | -18.92 | 5.17 | 2621.05 | -23.86 | 3.03 | 2230.77 | -22.31 | 0.32 | 45.45 | -3.03 | 21.08 | 166.16 | 12.91 | 74.42 | 8.14 | -2.72 | 100.94 | -25.78 | -0.25 | -0.94 | 97.07 | 21.44 | 10.13 | -0.88 | 7.77 |
| 20Q4 (5) | 0.37 | -71.76 | -68.64 | 32.40 | -19.28 | -23.46 | -1.58 | -111.69 | -110.8 | -1.19 | -109.95 | -109.83 | 0.48 | -94.2 | -94.74 | 0.19 | -95.27 | -95.48 | 0.13 | -94.22 | -94.58 | 0.22 | -18.52 | -15.38 | 7.92 | -74.19 | -48.9 | 68.82 | -6.91 | -7.99 | 136.00 | 20.25 | 12.75 | -32.00 | -144.29 | -55.2 | 10.22 | -13.76 | -38.25 |
| 20Q3 (4) | 1.31 | 11.02 | 0.0 | 40.14 | 2.01 | 0.0 | 13.52 | 11.46 | 0.0 | 11.96 | 10.64 | 0.0 | 8.28 | 12.04 | 0.0 | 4.02 | 14.86 | 0.0 | 2.25 | 15.98 | 0.0 | 0.27 | 3.85 | 0.0 | 30.68 | 49.8 | 0.0 | 73.93 | -15.74 | 0.0 | 113.10 | 1.02 | 0.0 | -13.10 | -6.33 | 0.0 | 11.85 | -20.84 | 0.0 |
| 20Q2 (3) | 1.18 | -44.86 | 0.0 | 39.35 | 1.13 | 0.0 | 12.13 | -24.66 | 0.0 | 10.81 | -32.06 | 0.0 | 7.39 | -36.46 | 0.0 | 3.50 | -48.45 | 0.0 | 1.94 | -50.26 | 0.0 | 0.26 | -21.21 | 0.0 | 20.48 | 9.69 | 0.0 | 87.74 | 14.69 | 0.0 | 111.96 | 10.63 | 0.0 | -12.32 | -930.68 | 0.0 | 14.97 | 59.26 | 0.0 |
| 20Q1 (2) | 2.14 | 81.36 | 0.0 | 38.91 | -8.08 | 0.0 | 16.10 | 10.05 | 0.0 | 15.91 | 31.38 | 0.0 | 11.63 | 27.38 | 0.0 | 6.79 | 61.67 | 0.0 | 3.90 | 62.5 | 0.0 | 0.33 | 26.92 | 0.0 | 18.67 | 20.45 | 0.0 | 76.50 | 2.27 | 0.0 | 101.20 | -16.1 | 0.0 | -1.20 | 94.2 | 0.0 | 9.40 | -43.2 | 0.0 |
| 19Q4 (1) | 1.18 | 0.0 | 0.0 | 42.33 | 0.0 | 0.0 | 14.63 | 0.0 | 0.0 | 12.11 | 0.0 | 0.0 | 9.13 | 0.0 | 0.0 | 4.20 | 0.0 | 0.0 | 2.40 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 15.50 | 0.0 | 0.0 | 74.80 | 0.0 | 0.0 | 120.62 | 0.0 | 0.0 | -20.62 | 0.0 | 0.0 | 16.55 | 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) | 3.28 | -55.01 | 38.76 | -9.27 | 6.53 | -57.71 | 1.74 | 22.81 | 7.02 | -53.2 | 5.72 | -49.02 | 9.28 | -55.91 | 5.59 | -56.73 | 0.97 | -15.65 | 13.69 | -32.09 | 69.73 | 7.01 | 93.02 | -9.67 | 6.98 | 0 | 12.62 | 11.32 | 13.48 | 11.68 |
| 2022 (9) | 7.29 | 15.71 | 42.72 | 2.13 | 15.44 | 1.25 | 1.41 | -1.97 | 15.00 | 18.02 | 11.22 | 26.49 | 21.05 | 18.52 | 12.92 | 19.52 | 1.15 | -4.96 | 20.16 | -2.14 | 65.16 | 5.32 | 102.99 | -14.18 | -2.93 | 0 | 11.34 | 70.26 | 12.07 | 11.35 |
| 2021 (8) | 6.30 | 26.0 | 41.83 | 10.08 | 15.25 | 40.04 | 1.44 | -8.17 | 12.71 | 24.61 | 8.87 | 18.42 | 17.76 | 22.65 | 10.81 | 26.73 | 1.21 | 7.08 | 20.60 | 3.36 | 61.87 | -10.1 | 120.00 | 12.51 | -20.00 | 0 | 6.66 | -56.1 | 10.84 | -6.07 |
| 2020 (7) | 5.00 | -1.96 | 38.00 | -10.12 | 10.89 | -16.36 | 1.57 | -1.91 | 10.20 | -16.19 | 7.49 | -16.13 | 14.48 | -12.45 | 8.53 | -7.48 | 1.13 | 11.88 | 19.93 | 26.22 | 68.82 | -7.99 | 106.66 | -0.28 | -6.75 | 0 | 15.17 | 66.69 | 11.54 | -13.23 |
| 2019 (6) | 5.10 | -50.53 | 42.28 | 23.84 | 13.02 | -8.63 | 1.60 | 106.77 | 12.17 | -19.14 | 8.93 | -24.45 | 16.54 | -59.51 | 9.22 | -50.64 | 1.01 | -35.26 | 15.79 | -7.39 | 74.80 | -17.27 | 106.96 | 13.04 | -6.96 | 0 | 9.10 | 21.34 | 13.30 | 40.74 |
| 2018 (5) | 10.31 | 5964.71 | 34.14 | 84.94 | 14.25 | 0 | 0.77 | -38.67 | 15.05 | 0 | 11.82 | 0 | 40.85 | 0 | 18.68 | 0 | 1.56 | 51.46 | 17.05 | 431.15 | 90.42 | -47.45 | 94.62 | -98.85 | 5.33 | 0 | 7.50 | 0 | 9.45 | -0.21 |
| 2017 (4) | 0.17 | 0 | 18.46 | 20.5 | -0.97 | 0 | 1.26 | 12.94 | -0.01 | 0 | -0.44 | 0 | -1.34 | 0 | 0.00 | 0 | 1.03 | -0.96 | 3.21 | 0 | 172.07 | -26.46 | 8200.00 | 27780.0 | -8100.00 | 0 | 0.00 | 0 | 9.47 | 2.27 |
| 2016 (3) | -2.45 | 0 | 15.32 | 6.76 | -1.66 | 0 | 1.12 | -1.63 | -5.66 | 0 | -5.77 | 0 | -18.27 | 0 | -5.46 | 0 | 1.04 | -27.27 | -2.37 | 0 | 233.99 | 28.03 | 29.41 | 0 | 70.59 | -43.7 | 0.00 | 0 | 9.26 | 12.79 |
| 2015 (2) | 2.46 | 316.95 | 14.35 | -18.14 | -0.87 | 0 | 1.14 | -43.98 | 3.42 | 213.76 | 3.16 | 174.78 | 11.05 | 168.86 | 4.98 | 134.91 | 1.43 | -21.86 | 6.14 | 22.07 | 182.76 | 79.88 | -25.38 | 0 | 125.38 | 0 | 0.00 | 0 | 8.21 | -15.79 |
| 2014 (1) | 0.59 | 25.53 | 17.53 | 0 | 1.25 | 0 | 2.03 | -16.85 | 1.09 | 0 | 1.15 | 0 | 4.11 | 0 | 2.12 | 0 | 1.83 | -1.08 | 5.03 | -16.17 | 101.60 | 11.89 | 116.33 | -21.55 | -15.31 | 0 | 0.00 | 0 | 9.75 | -26.3 |
