- 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) | 0.37 | -13.95 | -42.19 | 35.34 | 4.84 | -5.56 | 10.99 | 33.21 | -33.68 | 10.66 | -17.87 | -42.53 | 7.68 | -22.89 | -44.95 | 2.66 | -16.09 | -11.33 | 1.86 | -13.08 | -22.18 | 0.24 | 14.29 | 41.18 | 15.04 | -15.6 | -33.57 | 45.19 | -2.46 | 11.61 | 100.00 | 62.5 | 11.11 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.43 | 65.38 | -97.44 | 33.71 | 3.91 | 5.61 | 8.25 | 71.88 | 163.9 | 12.98 | 31.64 | -97.2 | 9.96 | 32.8 | -97.62 | 3.17 | 64.25 | -96.07 | 2.14 | 69.84 | -96.62 | 0.21 | 23.53 | 40.0 | 17.82 | 11.03 | -96.19 | 46.33 | -16.4 | 140.93 | 61.54 | 23.08 | 2305.13 | 38.46 | -23.08 | -62.58 | 46.52 | 2.17 | -27.04 |
| 24Q1 (18) | 0.26 | -51.85 | 425.0 | 32.44 | -7.95 | 22.65 | 4.80 | -68.48 | 259.47 | 9.86 | -34.4 | 348.36 | 7.50 | -36.97 | 413.81 | 1.93 | -50.89 | 427.12 | 1.26 | -53.33 | 407.32 | 0.17 | -26.09 | -5.56 | 16.05 | -16.54 | 306.33 | 55.42 | 7.9 | 18.72 | 50.00 | -50.0 | -25.0 | 50.00 | 0 | 50.0 | 45.53 | 11.46 | -13.41 |
| 23Q4 (17) | 0.54 | -15.62 | 500.0 | 35.24 | -5.83 | 9.34 | 15.23 | -8.09 | 253.36 | 15.03 | -18.98 | 286.38 | 11.90 | -14.7 | 412.93 | 3.93 | 31.0 | 533.87 | 2.70 | 12.97 | 513.64 | 0.23 | 35.29 | 21.05 | 19.23 | -15.06 | 83.67 | 51.36 | 26.85 | 39.6 | 100.00 | 11.11 | -25.0 | 0.00 | -100.0 | 0 | 40.85 | -0.54 | -11.2 |
| 23Q3 (16) | 0.64 | -96.19 | 128.57 | 37.42 | 17.23 | 37.62 | 16.57 | 228.35 | 1945.68 | 18.55 | -96.0 | 64.3 | 13.95 | -96.67 | 95.65 | 3.00 | -96.28 | 56.25 | 2.39 | -96.23 | 77.04 | 0.17 | 13.33 | -10.53 | 22.64 | -95.16 | 21.2 | 40.49 | 110.56 | -20.76 | 90.00 | 3325.0 | 800.0 | 10.00 | -90.27 | -90.0 | 41.07 | -35.59 | -2.4 |
| 23Q2 (15) | 16.81 | 21112.5 | 5153.12 | 31.92 | 20.68 | 18.84 | -12.91 | -328.9 | -581.72 | 463.47 | 11774.31 | 5463.87 | 418.40 | 17606.28 | 6025.92 | 80.75 | 13786.44 | 3819.9 | 63.36 | 15553.66 | 4811.63 | 0.15 | -16.67 | -21.05 | 467.74 | 11741.52 | 3028.7 | 19.23 | -58.8 | -45.86 | -2.79 | -104.19 | -108.37 | 102.79 | 208.37 | 54.19 | 63.76 | 21.26 | 45.01 |
| 23Q1 (14) | -0.08 | -188.89 | -134.78 | 26.45 | -17.93 | 17.29 | -3.01 | -169.84 | -1014.81 | -3.97 | -202.06 | -168.69 | -2.39 | -203.02 | -147.99 | -0.59 | -195.16 | -145.04 | -0.41 | -193.18 | -150.62 | 0.18 | -5.26 | 12.5 | 3.95 | -62.27 | -67.49 | 46.68 | 26.88 | -46.75 | 66.67 | -50.0 | 0 | 33.33 | 0 | -66.67 | 52.58 | 14.3 | 16.74 |
| 22Q4 (13) | 0.09 | -67.86 | -64.0 | 32.23 | 18.54 | 26.34 | 4.31 | 432.1 | 12.53 | 3.89 | -65.54 | -13.36 | 2.32 | -67.46 | -43.83 | 0.62 | -67.71 | -50.4 | 0.44 | -67.41 | -35.29 | 0.19 | 0.0 | 18.75 | 10.47 | -43.95 | -9.66 | 36.79 | -28.0 | -20.83 | 133.33 | 1233.33 | 60.0 | 0.00 | -100.0 | -100.0 | 46.00 | 9.32 | 3.86 |
| 22Q3 (12) | 0.28 | -12.5 | -73.83 | 27.19 | 1.23 | -9.43 | 0.81 | -69.78 | -94.96 | 11.29 | 35.53 | -34.02 | 7.13 | 4.39 | -45.28 | 1.92 | -6.8 | -52.24 | 1.35 | 4.65 | -43.75 | 0.19 | 0.0 | 5.56 | 18.68 | 24.95 | -13.44 | 51.10 | 43.86 | -59.77 | 10.00 | -70.0 | -89.35 | 100.00 | 50.0 | 1550.0 | 42.08 | -4.3 | 6.59 |
| 22Q2 (11) | 0.32 | 39.13 | -96.83 | 26.86 | 19.11 | -10.53 | 2.68 | 1092.59 | -74.6 | 8.33 | 44.12 | -94.07 | 6.83 | 37.15 | -94.67 | 2.06 | 57.25 | -93.14 | 1.29 | 59.26 | -94.37 | 0.19 | 18.75 | 5.56 | 14.95 | 23.05 | -89.69 | 35.52 | -59.48 | 5.78 | 33.33 | 0 | 349.12 | 66.67 | -33.33 | -27.68 | 43.97 | -2.38 | -2.57 |
| 22Q1 (10) | 0.23 | -8.0 | -76.77 | 22.55 | -11.6 | -3.96 | -0.27 | -107.05 | -123.89 | 5.78 | 28.73 | -75.95 | 4.98 | 20.58 | -75.52 | 1.31 | 4.8 | -56.33 | 0.81 | 19.12 | -65.38 | 0.16 | 0.0 | 33.33 | 12.15 | 4.83 | -60.77 | 87.67 | 88.66 | 206.0 | 0.00 | -100.0 | -100.0 | 100.00 | 500.0 | 3.85 | 45.04 | 1.69 | -7.46 |
| 21Q4 (9) | 0.25 | -76.64 | -32.43 | 25.51 | -15.02 | -13.02 | 3.83 | -76.18 | -60.27 | 4.49 | -73.76 | -41.31 | 4.13 | -68.3 | -37.89 | 1.25 | -68.91 | 9.65 | 0.68 | -71.67 | -24.44 | 0.16 | -11.11 | 23.08 | 11.59 | -46.29 | -21.9 | 46.47 | -63.42 | 70.22 | 83.33 | -11.29 | -30.56 | 16.67 | 175.0 | 155.56 | 44.29 | 12.18 | 11.76 |
| 21Q3 (8) | 1.07 | -89.41 | 32.1 | 30.02 | 0.0 | -5.6 | 16.08 | 52.42 | -4.0 | 17.11 | -87.82 | 10.03 | 13.03 | -89.83 | 6.54 | 4.02 | -86.61 | 55.81 | 2.40 | -89.52 | 21.21 | 0.18 | 0.0 | 12.5 | 21.58 | -85.12 | 0.7 | 127.03 | 278.29 | 359.09 | 93.94 | 1165.71 | -13.29 | 6.06 | -93.43 | 172.73 | 39.48 | -12.52 | 14.01 |
| 21Q2 (7) | 10.10 | 920.2 | 1641.38 | 30.02 | 27.85 | 3.55 | 10.55 | 833.63 | -6.97 | 140.48 | 484.6 | 908.47 | 128.16 | 530.09 | 1045.31 | 30.03 | 901.0 | 1540.98 | 22.91 | 879.06 | 1502.1 | 0.18 | 50.0 | 38.46 | 145.05 | 368.36 | 574.97 | 33.58 | 17.21 | 1.02 | 7.42 | 100.39 | -90.99 | 92.19 | -4.27 | 422.4 | 45.13 | -7.27 | 18.79 |
| 21Q1 (6) | 0.99 | 167.57 | 375.0 | 23.48 | -19.95 | 524.47 | 1.13 | -88.28 | 104.18 | 24.03 | 214.12 | 231.38 | 20.34 | 205.86 | 249.78 | 3.00 | 163.16 | 372.73 | 2.34 | 160.0 | 365.91 | 0.12 | -7.69 | 100.0 | 30.97 | 108.69 | 1988.41 | 28.65 | 4.95 | 16.46 | 3.70 | -96.91 | -97.6 | 96.30 | 420.99 | 311.85 | 48.67 | 22.81 | -14.28 |
| 20Q4 (5) | 0.37 | -54.32 | 5.71 | 29.33 | -7.77 | -16.61 | 9.64 | -42.45 | -26.91 | 7.65 | -50.8 | -28.9 | 6.65 | -45.63 | -26.6 | 1.14 | -55.81 | -19.72 | 0.90 | -54.55 | -15.89 | 0.13 | -18.75 | 8.33 | 14.84 | -30.75 | -23.23 | 27.30 | -1.34 | 11.52 | 120.00 | 10.77 | -2.5 | -30.00 | -260.0 | -30.0 | 39.63 | 14.44 | -8.07 |
| 20Q3 (4) | 0.81 | 39.66 | 0.0 | 31.80 | 9.69 | 0.0 | 16.75 | 47.71 | 0.0 | 15.55 | 11.63 | 0.0 | 12.23 | 9.29 | 0.0 | 2.58 | 40.98 | 0.0 | 1.98 | 38.46 | 0.0 | 0.16 | 23.08 | 0.0 | 21.43 | -0.28 | 0.0 | 27.67 | -16.76 | 0.0 | 108.33 | 31.55 | 0.0 | -8.33 | -147.22 | 0.0 | 34.63 | -8.84 | 0.0 |
| 20Q2 (3) | 0.58 | 261.11 | 0.0 | 28.99 | 671.01 | 0.0 | 11.34 | 141.92 | 0.0 | 13.93 | 176.16 | 0.0 | 11.19 | 182.4 | 0.0 | 1.83 | 266.36 | 0.0 | 1.43 | 262.5 | 0.0 | 0.13 | 116.67 | 0.0 | 21.49 | 1410.37 | 0.0 | 33.24 | 35.12 | 0.0 | 82.35 | -46.71 | 0.0 | 17.65 | 138.82 | 0.0 | 37.99 | -33.09 | 0.0 |
| 20Q1 (2) | -0.36 | -202.86 | 0.0 | 3.76 | -89.31 | 0.0 | -27.05 | -305.08 | 0.0 | -18.29 | -269.98 | 0.0 | -13.58 | -249.89 | 0.0 | -1.10 | -177.46 | 0.0 | -0.88 | -182.24 | 0.0 | 0.06 | -50.0 | 0.0 | -1.64 | -108.48 | 0.0 | 24.60 | 0.49 | 0.0 | 154.55 | 25.57 | 0.0 | -45.45 | -96.97 | 0.0 | 56.78 | 31.71 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 35.17 | 0.0 | 0.0 | 13.19 | 0.0 | 0.0 | 10.76 | 0.0 | 0.0 | 9.06 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 1.07 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 19.33 | 0.0 | 0.0 | 24.48 | 0.0 | 0.0 | 123.08 | 0.0 | 0.0 | -23.08 | 0.0 | 0.0 | 43.11 | 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) | 17.91 | 1846.74 | 33.27 | 23.5 | 5.05 | 180.56 | 5.03 | -24.22 | 122.20 | 1562.59 | 109.32 | 1924.44 | 128.60 | 2277.08 | 89.31 | 2231.85 | 0.82 | 17.14 | 127.51 | 792.3 | 51.36 | 39.6 | 4.11 | -82.96 | 95.89 | 26.4 | 0.41 | -9.26 | 48.88 | 10.41 |
| 2022 (9) | 0.92 | -92.59 | 26.94 | -3.23 | 1.80 | -80.09 | 6.63 | 21.53 | 7.35 | -85.76 | 5.40 | -88.26 | 5.41 | -88.53 | 3.83 | -89.09 | 0.70 | -7.89 | 14.29 | -74.99 | 36.79 | -20.83 | 24.14 | 38.36 | 75.86 | -8.11 | 0.45 | 2.04 | 44.27 | 0.93 |
| 2021 (8) | 12.41 | 780.14 | 27.84 | 4.39 | 9.04 | 19.26 | 5.46 | -31.56 | 51.60 | 509.21 | 46.00 | 557.14 | 47.18 | 1002.34 | 35.09 | 926.02 | 0.76 | 55.1 | 57.14 | 239.92 | 46.47 | 70.22 | 17.45 | -80.56 | 82.55 | 704.91 | 0.44 | 42.22 | 43.86 | 9.08 |
| 2020 (7) | 1.41 | 34.29 | 26.67 | 6.17 | 7.58 | 26.33 | 7.97 | 1.47 | 8.47 | -0.35 | 7.00 | 10.76 | 4.28 | 10.88 | 3.42 | 7.89 | 0.49 | -2.0 | 16.81 | 0.66 | 27.30 | 11.52 | 89.74 | 24.48 | 10.26 | -66.07 | 0.31 | -25.62 | 40.21 | -5.61 |
| 2019 (6) | 1.05 | -16.67 | 25.12 | -5.49 | 6.00 | -31.35 | 7.86 | 75.51 | 8.50 | -32.11 | 6.32 | -16.4 | 3.86 | -24.02 | 3.17 | -23.61 | 0.50 | -9.09 | 16.70 | -2.22 | 24.48 | 13.39 | 72.09 | 2.02 | 30.23 | -1.42 | 0.42 | 360.5 | 42.60 | 10.22 |
| 2018 (5) | 1.26 | -17.65 | 26.58 | -7.64 | 8.74 | -22.65 | 4.48 | 10.69 | 12.52 | 8.68 | 7.56 | -15.25 | 5.08 | -17.67 | 4.15 | -17.82 | 0.55 | -3.51 | 17.08 | 7.69 | 21.59 | -5.51 | 70.67 | -28.32 | 30.67 | 2077.33 | 0.09 | 0 | 38.65 | 8.63 |
| 2017 (4) | 1.53 | 6.25 | 28.78 | -1.07 | 11.30 | 23.23 | 4.05 | -0.49 | 11.52 | 6.27 | 8.92 | 5.44 | 6.17 | 5.11 | 5.05 | 4.99 | 0.57 | 0.0 | 15.86 | 3.8 | 22.85 | 4.48 | 98.59 | 17.96 | 1.41 | -90.56 | 0.00 | 0 | 35.58 | 3.07 |
| 2016 (3) | 1.44 | 30.91 | 29.09 | 11.07 | 9.17 | 98.92 | 4.07 | 43.23 | 10.84 | 25.32 | 8.46 | 27.41 | 5.87 | 29.3 | 4.81 | 30.0 | 0.57 | 1.79 | 15.28 | 30.71 | 21.87 | 0.46 | 83.58 | 55.22 | 14.93 | -67.66 | 0.00 | 0 | 34.52 | -6.58 |
| 2015 (2) | 1.10 | -39.56 | 26.19 | -4.14 | 4.61 | -41.79 | 2.84 | 22.6 | 8.65 | -31.73 | 6.64 | -34.39 | 4.54 | -41.12 | 3.70 | -39.64 | 0.56 | -8.2 | 11.69 | -22.69 | 21.77 | -9.63 | 53.85 | -13.42 | 46.15 | 22.08 | 0.00 | 0 | 36.95 | 8.36 |
| 2014 (1) | 1.82 | -21.21 | 27.32 | 0 | 7.92 | 0 | 2.31 | 2.93 | 12.67 | 0 | 10.12 | 0 | 7.71 | 0 | 6.13 | 0 | 0.61 | -6.15 | 15.12 | -20.59 | 24.09 | -12.56 | 62.20 | -12.61 | 37.80 | 31.14 | 0.00 | 0 | 34.10 | 5.77 |
