- 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) | 0.75 | -59.68 | -71.59 | 19.98 | -19.08 | -31.76 | 7.21 | -52.69 | -56.17 | 7.43 | -62.68 | -70.61 | 5.36 | -65.53 | -73.62 | 1.83 | -61.55 | -75.14 | 1.32 | -61.52 | -75.19 | 0.24 | 9.09 | -7.69 | 9.76 | -56.45 | -65.65 | 36.31 | -17.4 | 1.37 | 96.88 | 26.3 | 48.84 | 3.12 | -86.74 | -91.05 | 14.74 | 0.82 | 13.56 |
| 24Q2 (19) | 1.86 | 9.41 | 144.74 | 24.69 | -10.38 | 30.77 | 15.24 | 30.59 | 102.66 | 19.91 | 4.24 | 146.41 | 15.55 | 0.71 | 125.69 | 4.76 | 7.94 | 109.69 | 3.43 | 6.19 | 107.88 | 0.22 | 4.76 | -4.35 | 22.41 | 0.54 | 90.72 | 43.96 | 25.85 | 1.74 | 76.70 | 25.82 | -17.57 | 23.56 | -39.18 | 239.27 | 14.62 | 6.79 | 7.5 |
| 24Q1 (18) | 1.70 | 529.63 | 246.94 | 27.55 | -12.73 | 105.9 | 11.67 | 120.19 | 450.47 | 19.10 | 4447.62 | 386.01 | 15.44 | 540.66 | 216.39 | 4.41 | 437.8 | 204.14 | 3.23 | 412.7 | 207.62 | 0.21 | -16.0 | 5.0 | 22.29 | 538.68 | 153.58 | 34.93 | -14.7 | -8.39 | 60.96 | -95.36 | 12.96 | 38.74 | 103.23 | -15.84 | 13.69 | -46.96 | -11.9 |
| 23Q4 (17) | 0.27 | -89.77 | -80.71 | 31.57 | 7.82 | 30.56 | 5.30 | -67.78 | -66.13 | 0.42 | -98.34 | -97.06 | 2.41 | -88.14 | -79.04 | 0.82 | -88.86 | -80.48 | 0.63 | -88.16 | -75.58 | 0.25 | -3.85 | 13.64 | 3.49 | -87.72 | -81.09 | 40.95 | 14.32 | -33.36 | 1312.50 | 1916.48 | 1099.35 | -1200.00 | -3537.29 | -12620.0 | 25.81 | 98.84 | 118.73 |
| 23Q3 (16) | 2.64 | 247.37 | 38.22 | 29.28 | 55.08 | 44.31 | 16.45 | 118.75 | 79.59 | 25.28 | 212.87 | 46.38 | 20.32 | 194.92 | 45.56 | 7.36 | 224.23 | 23.49 | 5.32 | 222.42 | 55.1 | 0.26 | 13.04 | 8.33 | 28.41 | 141.79 | 34.33 | 35.82 | -17.1 | -51.23 | 65.09 | -30.05 | 22.56 | 34.91 | 402.72 | -25.55 | 12.98 | -4.56 | -8.46 |
| 23Q2 (15) | 0.76 | 55.1 | -35.59 | 18.88 | 41.11 | 6.01 | 7.52 | 254.72 | 7.43 | 8.08 | 105.6 | -28.11 | 6.89 | 41.19 | -22.84 | 2.27 | 56.55 | -41.65 | 1.65 | 57.14 | -26.34 | 0.23 | 15.0 | -4.17 | 11.75 | 33.67 | -22.03 | 43.21 | 13.32 | -46.35 | 93.06 | 72.43 | 49.67 | 6.94 | -84.91 | -81.64 | 13.60 | -12.48 | -3.61 |
| 23Q1 (14) | 0.49 | -65.0 | -51.0 | 13.38 | -44.67 | 18.2 | 2.12 | -86.45 | -41.76 | 3.93 | -72.48 | -60.34 | 4.88 | -57.57 | -39.75 | 1.45 | -65.48 | -55.11 | 1.05 | -59.3 | -42.93 | 0.20 | -9.09 | -9.09 | 8.79 | -52.38 | -37.57 | 38.13 | -37.95 | -49.54 | 53.97 | -50.68 | 46.6 | 46.03 | 587.94 | -27.15 | 15.54 | 31.69 | 10.45 |
| 22Q4 (13) | 1.40 | -26.7 | 233.33 | 24.18 | 19.17 | 68.97 | 15.65 | 70.85 | 247.78 | 14.28 | -17.31 | 162.5 | 11.50 | -17.62 | 280.79 | 4.20 | -29.53 | 183.78 | 2.58 | -24.78 | 203.53 | 0.22 | -8.33 | -15.38 | 18.46 | -12.72 | 102.86 | 61.45 | -16.34 | -30.01 | 109.43 | 106.06 | 31.77 | -9.43 | -120.12 | -155.66 | 11.80 | -16.78 | -8.81 |
| 22Q3 (12) | 1.91 | 61.86 | 558.62 | 20.29 | 13.92 | 57.41 | 9.16 | 30.86 | 188.05 | 17.27 | 53.65 | 360.53 | 13.96 | 56.33 | 517.7 | 5.96 | 53.21 | 496.0 | 3.43 | 53.12 | 435.94 | 0.24 | 0.0 | -7.69 | 21.15 | 40.35 | 203.44 | 73.45 | -8.8 | -18.75 | 53.11 | -14.58 | -38.04 | 46.89 | 23.97 | 200.89 | 14.18 | 0.5 | 8.83 |
| 22Q2 (11) | 1.18 | 18.0 | 14.56 | 17.81 | 57.33 | 32.81 | 7.00 | 92.31 | 54.87 | 11.24 | 13.42 | 29.49 | 8.93 | 10.25 | 13.76 | 3.89 | 20.43 | 20.06 | 2.24 | 21.74 | -0.44 | 0.24 | 9.09 | -14.29 | 15.07 | 7.03 | 27.39 | 80.54 | 6.58 | 67.55 | 62.17 | 68.89 | 18.88 | 37.83 | -40.14 | -20.7 | 14.11 | 0.28 | -9.09 |
| 22Q1 (10) | 1.00 | 138.1 | -23.66 | 11.32 | -20.89 | -49.17 | 3.64 | -19.11 | -70.69 | 9.91 | 82.17 | -29.01 | 8.10 | 168.21 | -26.36 | 3.23 | 118.24 | -22.91 | 1.84 | 116.47 | -36.99 | 0.22 | -15.38 | -15.38 | 14.08 | 54.73 | -18.09 | 75.57 | -13.93 | 70.7 | 36.81 | -55.67 | -58.54 | 63.19 | 272.8 | 464.17 | 14.07 | 8.73 | -11.17 |
| 21Q4 (9) | 0.42 | 44.83 | -70.0 | 14.31 | 11.02 | -19.15 | 4.50 | 41.51 | -58.64 | 5.44 | 45.07 | -60.58 | 3.02 | 33.63 | -73.9 | 1.48 | 48.0 | -67.9 | 0.85 | 32.81 | -73.52 | 0.26 | 0.0 | -3.7 | 9.10 | 30.56 | -46.56 | 87.80 | -2.88 | 93.99 | 83.05 | -3.11 | 5.62 | 16.95 | 8.76 | -19.17 | 12.94 | -0.69 | -17.21 |
| 21Q3 (8) | 0.29 | -71.84 | -80.41 | 12.89 | -3.88 | -45.45 | 3.18 | -29.65 | -76.96 | 3.75 | -56.8 | -74.95 | 2.26 | -71.21 | -81.14 | 1.00 | -69.14 | -80.73 | 0.64 | -71.56 | -81.5 | 0.26 | -7.14 | -10.34 | 6.97 | -41.08 | -61.64 | 90.40 | 88.06 | 102.15 | 85.71 | 63.89 | -6.86 | 15.58 | -67.33 | 95.51 | 13.03 | -16.04 | -13.99 |
| 21Q2 (7) | 1.03 | -21.37 | -31.33 | 13.41 | -39.78 | -49.26 | 4.52 | -63.61 | -70.26 | 8.68 | -37.82 | -49.48 | 7.85 | -28.64 | -38.77 | 3.24 | -22.67 | -37.21 | 2.25 | -22.95 | -36.62 | 0.28 | 7.69 | 3.7 | 11.83 | -31.18 | -42.32 | 48.07 | 8.58 | -16.47 | 52.30 | -41.1 | -40.69 | 47.70 | 325.9 | 315.28 | 15.52 | -2.02 | 0 |
| 21Q1 (6) | 1.31 | -6.43 | 285.29 | 22.27 | 25.82 | 55.95 | 12.42 | 14.15 | 192.24 | 13.96 | 1.16 | 204.14 | 11.00 | -4.93 | 179.19 | 4.19 | -9.11 | 277.48 | 2.92 | -9.03 | 256.1 | 0.26 | -3.7 | 36.84 | 17.19 | 0.94 | 84.24 | 44.27 | -2.19 | 21.45 | 88.80 | 12.94 | -4.5 | 11.20 | -46.58 | 59.6 | 15.84 | 1.34 | 25.42 |
| 20Q4 (5) | 1.40 | -5.41 | -12.5 | 17.70 | -25.1 | -27.4 | 10.88 | -21.16 | -31.27 | 13.80 | -7.82 | -9.92 | 11.57 | -3.42 | -11.14 | 4.61 | -11.18 | -13.02 | 3.21 | -7.23 | -5.87 | 0.27 | -6.9 | 3.85 | 17.03 | -6.27 | -8.88 | 45.26 | 1.21 | -15.58 | 78.63 | -14.56 | -23.93 | 20.97 | 163.05 | 724.37 | 15.63 | 3.17 | 17.08 |
| 20Q3 (4) | 1.48 | -1.33 | 0.0 | 23.63 | -10.59 | 0.0 | 13.80 | -9.21 | 0.0 | 14.97 | -12.86 | 0.0 | 11.98 | -6.55 | 0.0 | 5.19 | 0.58 | 0.0 | 3.46 | -2.54 | 0.0 | 0.29 | 7.41 | 0.0 | 18.17 | -11.41 | 0.0 | 44.72 | -22.29 | 0.0 | 92.03 | 4.37 | 0.0 | 7.97 | -30.61 | 0.0 | 15.15 | 0 | 0.0 |
| 20Q2 (3) | 1.50 | 341.18 | 0.0 | 26.43 | 85.08 | 0.0 | 15.20 | 257.65 | 0.0 | 17.18 | 274.29 | 0.0 | 12.82 | 225.38 | 0.0 | 5.16 | 364.86 | 0.0 | 3.55 | 332.93 | 0.0 | 0.27 | 42.11 | 0.0 | 20.51 | 119.83 | 0.0 | 57.55 | 57.89 | 0.0 | 88.18 | -5.17 | 0.0 | 11.49 | 63.68 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.34 | -78.75 | 0.0 | 14.28 | -41.43 | 0.0 | 4.25 | -73.15 | 0.0 | 4.59 | -70.04 | 0.0 | 3.94 | -69.74 | 0.0 | 1.11 | -79.06 | 0.0 | 0.82 | -75.95 | 0.0 | 0.19 | -26.92 | 0.0 | 9.33 | -50.08 | 0.0 | 36.45 | -32.01 | 0.0 | 92.98 | -10.04 | 0.0 | 7.02 | 308.97 | 0.0 | 12.63 | -5.39 | 0.0 |
| 19Q4 (1) | 1.60 | 0.0 | 0.0 | 24.38 | 0.0 | 0.0 | 15.83 | 0.0 | 0.0 | 15.32 | 0.0 | 0.0 | 13.02 | 0.0 | 0.0 | 5.30 | 0.0 | 0.0 | 3.41 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 18.69 | 0.0 | 0.0 | 53.61 | 0.0 | 0.0 | 103.36 | 0.0 | 0.0 | -3.36 | 0.0 | 0.0 | 13.35 | 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) | 4.17 | -24.18 | 23.93 | 29.7 | 8.19 | -7.25 | 3.37 | -6.61 | 9.81 | -25.91 | 8.91 | -16.49 | 11.92 | -30.86 | 8.09 | -20.61 | 0.89 | -4.3 | 13.44 | -22.04 | 40.95 | -33.36 | 83.52 | 25.16 | 16.62 | -50.04 | 0.00 | 0 | 17.13 | 26.23 |
| 2022 (9) | 5.50 | 80.33 | 18.45 | 19.03 | 8.83 | 48.9 | 3.61 | 16.01 | 13.24 | 71.73 | 10.67 | 83.65 | 17.24 | 67.87 | 10.19 | 60.47 | 0.93 | -12.26 | 17.24 | 56.16 | 61.45 | -30.01 | 66.73 | -13.26 | 33.27 | 44.24 | 0.00 | 0 | 13.57 | -4.77 |
| 2021 (8) | 3.05 | -35.24 | 15.50 | -26.12 | 5.93 | -48.75 | 3.11 | -6.64 | 7.71 | -41.9 | 5.81 | -45.03 | 10.27 | -33.83 | 6.35 | -39.64 | 1.06 | 8.16 | 11.04 | -34.32 | 87.80 | 93.99 | 76.94 | -11.69 | 23.06 | 80.6 | 0.13 | 0 | 14.25 | -3.46 |
| 2020 (7) | 4.71 | -25.83 | 20.98 | -4.51 | 11.57 | -19.82 | 3.33 | -0.47 | 13.27 | -17.68 | 10.57 | -17.74 | 15.52 | -30.25 | 10.52 | -26.02 | 0.98 | -10.09 | 16.81 | -14.93 | 45.26 | -15.58 | 87.12 | -2.65 | 12.77 | 21.48 | 0.00 | 0 | 14.76 | 11.14 |
| 2019 (6) | 6.35 | 457.02 | 21.97 | 127.9 | 14.43 | 659.47 | 3.35 | 23.33 | 16.12 | 497.04 | 12.85 | 481.45 | 22.25 | 413.86 | 14.22 | 409.68 | 1.09 | -8.4 | 19.76 | 247.89 | 53.61 | -17.78 | 89.49 | 27.1 | 10.51 | -64.48 | 0.00 | 0 | 13.28 | -17.52 |
| 2018 (5) | 1.14 | -33.33 | 9.64 | -25.85 | 1.90 | -52.26 | 2.71 | -17.3 | 2.70 | -43.28 | 2.21 | -38.61 | 4.33 | -28.55 | 2.79 | -30.94 | 1.19 | 10.19 | 5.68 | -31.48 | 65.20 | -0.18 | 70.41 | -15.57 | 29.59 | 81.78 | 0.00 | 0 | 16.10 | -15.79 |
| 2017 (4) | 1.71 | -44.66 | 13.00 | -9.41 | 3.98 | -34.11 | 3.28 | -2.35 | 4.76 | -34.44 | 3.60 | -40.2 | 6.06 | -43.68 | 4.04 | -43.97 | 1.08 | -8.47 | 8.29 | -23.94 | 65.32 | 40.47 | 83.39 | 0.35 | 16.28 | -3.7 | 0.00 | 0 | 19.12 | -0.42 |
| 2016 (3) | 3.09 | 39.19 | 14.35 | 9.54 | 6.04 | 63.24 | 3.36 | 23.22 | 7.26 | 43.2 | 6.02 | 49.75 | 10.76 | 36.38 | 7.21 | 35.78 | 1.18 | -9.92 | 10.90 | 37.28 | 46.50 | -17.54 | 83.10 | 14.26 | 16.90 | -37.4 | 0.00 | 0 | 19.20 | -14.09 |
| 2015 (2) | 2.22 | -22.11 | 13.10 | -14.82 | 3.70 | -23.71 | 2.73 | 1.55 | 5.07 | -20.53 | 4.02 | -20.08 | 7.89 | -25.92 | 5.31 | -25.84 | 1.31 | -6.43 | 7.94 | -14.62 | 56.39 | 30.32 | 72.73 | -4.39 | 27.01 | 12.84 | 0.00 | 0 | 22.35 | 13.97 |
| 2014 (1) | 2.85 | 26.67 | 15.38 | 0 | 4.85 | 0 | 2.69 | -19.9 | 6.38 | 0 | 5.03 | 0 | 10.65 | 0 | 7.16 | 0 | 1.40 | 8.53 | 9.30 | -5.78 | 43.27 | -27.77 | 76.07 | -9.76 | 23.93 | 49.87 | 0.00 | 0 | 19.61 | 4.14 |
