- 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) | 3.43 | 4.89 | 236.27 | 63.30 | 19.07 | 87.95 | 24.61 | 11.86 | 258.75 | 22.06 | -8.58 | 62.09 | 15.76 | -7.84 | 55.27 | 8.62 | -1.71 | 149.86 | 4.97 | -12.04 | 132.24 | 0.31 | -6.06 | 55.0 | 23.46 | -8.82 | 34.91 | 75.78 | 1.9 | 25.01 | 111.60 | 22.52 | 120.78 | -11.60 | -230.24 | -123.46 | 19.35 | 1.57 | -19.41 |
| 24Q2 (19) | 3.27 | 90.12 | 205.61 | 53.16 | 8.18 | 48.37 | 22.00 | 49.76 | 130.61 | 24.13 | 25.61 | 55.18 | 17.10 | 18.83 | 68.31 | 8.77 | 77.17 | 132.63 | 5.65 | 65.69 | 151.11 | 0.33 | 43.48 | 57.14 | 25.73 | 16.16 | 33.25 | 74.37 | 95.81 | -0.17 | 91.09 | 19.7 | 48.19 | 8.91 | -61.72 | -76.88 | 19.05 | -21.12 | -22.56 |
| 24Q1 (18) | 1.72 | 341.03 | 3340.0 | 49.14 | 5.63 | 85.85 | 14.69 | 2.16 | 280.57 | 19.21 | 177.6 | 2108.05 | 14.39 | 244.26 | 2469.64 | 4.95 | 286.72 | 2650.0 | 3.41 | 296.51 | 1794.44 | 0.23 | 21.05 | 21.05 | 22.15 | 101.91 | 351.12 | 37.98 | -39.95 | -48.04 | 76.10 | -63.23 | -84.15 | 23.27 | 121.75 | 106.12 | 24.15 | -12.97 | 1.81 |
| 23Q4 (17) | 0.39 | -61.76 | 200.0 | 46.52 | 38.12 | 63.75 | 14.38 | 109.62 | 70.38 | 6.92 | -49.16 | 197.0 | 4.18 | -58.82 | 180.54 | 1.28 | -62.9 | 190.91 | 0.86 | -59.81 | 160.61 | 0.19 | -5.0 | 11.76 | 10.97 | -36.92 | 64.22 | 63.25 | 4.34 | -11.13 | 206.98 | 309.45 | -40.86 | -106.98 | -316.33 | 58.4 | 27.75 | 15.58 | 6.28 |
| 23Q3 (16) | 1.02 | -4.67 | -56.41 | 33.68 | -6.0 | -8.5 | 6.86 | -28.09 | -46.15 | 13.61 | -12.48 | -40.83 | 10.15 | -0.1 | -42.49 | 3.45 | -8.49 | -57.56 | 2.14 | -4.89 | -55.42 | 0.20 | -4.76 | -25.93 | 17.39 | -9.94 | -32.28 | 60.62 | -18.63 | -11.79 | 50.55 | -17.76 | -8.83 | 49.45 | 28.34 | 10.99 | 24.01 | -2.4 | 8.69 |
| 23Q2 (15) | 1.07 | 2040.0 | -14.4 | 35.83 | 35.51 | 13.24 | 9.54 | 147.15 | 20.61 | 15.55 | 1687.36 | 4.08 | 10.16 | 1714.29 | -5.49 | 3.77 | 1994.44 | -18.4 | 2.25 | 1150.0 | -16.04 | 0.21 | 10.53 | -12.5 | 19.31 | 293.28 | 6.98 | 74.50 | 1.93 | -0.51 | 61.47 | -87.19 | 15.88 | 38.53 | 110.14 | -17.94 | 24.60 | 3.71 | -5.42 |
| 23Q1 (14) | 0.05 | -61.54 | -95.58 | 26.44 | -6.93 | -7.42 | 3.86 | -54.27 | -59.71 | 0.87 | -62.66 | -93.56 | 0.56 | -62.42 | -94.72 | 0.18 | -59.09 | -95.8 | 0.18 | -45.45 | -92.71 | 0.19 | 11.76 | -17.39 | 4.91 | -26.5 | -70.83 | 73.09 | 2.7 | -4.19 | 480.00 | 37.14 | 570.59 | -380.00 | -47.78 | -1389.29 | 23.72 | -9.15 | -2.31 |
| 22Q4 (13) | 0.13 | -94.44 | -72.92 | 28.41 | -22.82 | 22.83 | 8.44 | -33.75 | 1.81 | 2.33 | -89.87 | -69.02 | 1.49 | -91.56 | -70.44 | 0.44 | -94.59 | -76.09 | 0.33 | -93.12 | -69.72 | 0.17 | -37.04 | -19.05 | 6.68 | -73.99 | -40.99 | 71.17 | 3.57 | -8.53 | 350.00 | 531.25 | 216.35 | -257.14 | -677.14 | -2317.14 | 26.11 | 18.2 | -10.74 |
| 22Q3 (12) | 2.34 | 87.2 | 588.24 | 36.81 | 16.34 | 96.32 | 12.74 | 61.06 | 180.0 | 23.00 | 53.95 | 408.85 | 17.65 | 64.19 | 494.28 | 8.13 | 75.97 | 502.22 | 4.80 | 79.1 | 492.59 | 0.27 | 12.5 | 8.0 | 25.68 | 42.27 | 240.58 | 68.72 | -8.23 | -8.02 | 55.45 | 4.53 | -44.55 | 44.55 | -5.12 | 0 | 22.09 | -15.07 | 4.3 |
| 22Q2 (11) | 1.25 | 10.62 | 140.38 | 31.64 | 10.78 | 29.51 | 7.91 | -17.43 | -21.22 | 14.94 | 10.67 | 125.68 | 10.75 | 1.42 | 124.9 | 4.62 | 7.69 | 121.05 | 2.68 | 8.5 | 121.49 | 0.24 | 4.35 | 0.0 | 18.05 | 7.25 | 85.13 | 74.88 | -1.85 | -9.85 | 53.04 | -25.9 | -65.12 | 46.96 | 59.32 | 190.16 | 26.01 | 7.13 | 13.09 |
| 22Q1 (10) | 1.13 | 135.42 | 438.1 | 28.56 | 23.48 | 46.69 | 9.58 | 15.56 | 217.22 | 13.50 | 79.52 | 351.51 | 10.60 | 110.32 | 417.07 | 4.29 | 133.15 | 410.71 | 2.47 | 126.61 | 366.04 | 0.23 | 9.52 | -4.17 | 16.83 | 48.67 | 163.79 | 76.29 | -1.95 | 1.4 | 71.58 | -35.3 | -28.42 | 29.47 | 377.05 | 0 | 24.28 | -16.99 | 3.5 |
| 21Q4 (9) | 0.48 | 41.18 | 284.62 | 23.13 | 23.36 | 38.09 | 8.29 | 82.2 | 373.71 | 7.52 | 66.37 | 289.9 | 5.04 | 69.7 | 284.62 | 1.84 | 36.3 | 285.86 | 1.09 | 34.57 | 301.85 | 0.21 | -16.0 | -4.55 | 11.32 | 50.13 | 3637.5 | 77.81 | 4.15 | 11.09 | 110.64 | 10.64 | 351.45 | -10.64 | 0 | -107.39 | 29.25 | 38.1 | 13.64 |
| 21Q3 (8) | 0.34 | -34.62 | 161.54 | 18.75 | -23.25 | -8.54 | 4.55 | -54.68 | -28.91 | 4.52 | -31.72 | 164.33 | 2.97 | -37.87 | 132.03 | 1.35 | -35.41 | 175.51 | 0.81 | -33.06 | 145.45 | 0.25 | 4.17 | 8.7 | 7.54 | -22.67 | 44.72 | 74.71 | -10.05 | 11.42 | 100.00 | -34.25 | -73.81 | 0.00 | 100.0 | 100.0 | 21.18 | -7.91 | -6.78 |
| 21Q2 (7) | 0.52 | 147.62 | 372.73 | 24.43 | 25.48 | 26.25 | 10.04 | 232.45 | 157.44 | 6.62 | 121.4 | 1022.03 | 4.78 | 133.17 | 285.48 | 2.09 | 148.81 | 397.62 | 1.21 | 128.3 | 317.24 | 0.24 | 0.0 | 20.0 | 9.75 | 52.82 | 118.12 | 83.06 | 10.39 | 21.06 | 152.08 | 52.08 | -80.16 | -52.08 | 0 | 91.78 | 23.00 | -1.96 | 0 |
| 21Q1 (6) | 0.21 | 180.77 | 138.89 | 19.47 | 16.24 | 91.45 | 3.02 | 72.57 | 134.79 | 2.99 | 175.51 | 146.65 | 2.05 | 175.09 | 131.06 | 0.84 | 184.85 | 142.0 | 0.53 | 198.15 | 143.44 | 0.24 | 9.09 | 26.32 | 6.38 | 2093.75 | 420.6 | 75.24 | 7.42 | 16.29 | 100.00 | 327.27 | -27.08 | 0.00 | -100.0 | 100.0 | 23.46 | -8.86 | -1.22 |
| 20Q4 (5) | -0.26 | -300.0 | 68.67 | 16.75 | -18.29 | 132.32 | 1.75 | -72.66 | 119.86 | -3.96 | -331.58 | 73.37 | -2.73 | -313.28 | 75.73 | -0.99 | -302.04 | 65.62 | -0.54 | -263.64 | 70.49 | 0.22 | -4.35 | 29.41 | -0.32 | -106.14 | 96.72 | 70.04 | 4.46 | 32.4 | -44.00 | -111.52 | -174.31 | 144.00 | 151.1 | 253.03 | 25.74 | 13.29 | 10.61 |
| 20Q3 (4) | 0.13 | 18.18 | 0.0 | 20.50 | 5.94 | 0.0 | 6.40 | 64.1 | 0.0 | 1.71 | 189.83 | 0.0 | 1.28 | 3.23 | 0.0 | 0.49 | 16.67 | 0.0 | 0.33 | 13.79 | 0.0 | 0.23 | 15.0 | 0.0 | 5.21 | 16.55 | 0.0 | 67.05 | -2.27 | 0.0 | 381.82 | -50.2 | 0.0 | -281.82 | 55.5 | 0.0 | 22.72 | 0 | 0.0 |
| 20Q2 (3) | 0.11 | 120.37 | 0.0 | 19.35 | 90.27 | 0.0 | 3.90 | 144.93 | 0.0 | 0.59 | 109.2 | 0.0 | 1.24 | 118.79 | 0.0 | 0.42 | 121.0 | 0.0 | 0.29 | 123.77 | 0.0 | 0.20 | 5.26 | 0.0 | 4.47 | 324.62 | 0.0 | 68.61 | 6.04 | 0.0 | 766.67 | 459.03 | 0.0 | -633.33 | -1605.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.54 | 34.94 | 0.0 | 10.17 | 41.05 | 0.0 | -8.68 | 1.48 | 0.0 | -6.41 | 56.89 | 0.0 | -6.60 | 41.33 | 0.0 | -2.00 | 30.56 | 0.0 | -1.22 | 33.33 | 0.0 | 0.19 | 11.76 | 0.0 | -1.99 | 79.63 | 0.0 | 64.70 | 22.31 | 0.0 | 137.14 | 131.62 | 0.0 | -37.14 | -191.06 | 0.0 | 23.75 | 2.06 | 0.0 |
| 19Q4 (1) | -0.83 | 0.0 | 0.0 | 7.21 | 0.0 | 0.0 | -8.81 | 0.0 | 0.0 | -14.87 | 0.0 | 0.0 | -11.25 | 0.0 | 0.0 | -2.88 | 0.0 | 0.0 | -1.83 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -9.77 | 0.0 | 0.0 | 52.90 | 0.0 | 0.0 | 59.21 | 0.0 | 0.0 | 40.79 | 0.0 | 0.0 | 23.27 | 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) | 2.53 | -47.84 | 35.55 | 11.76 | 8.63 | -12.47 | 3.32 | 13.65 | 9.47 | -34.69 | 6.42 | -41.32 | 8.31 | -51.83 | 5.27 | -47.98 | 0.77 | -14.44 | 13.41 | -24.75 | 63.25 | -11.13 | 91.13 | 33.87 | 8.87 | -72.21 | 0.24 | -18.52 | 24.99 | 2.25 |
| 2022 (9) | 4.85 | 210.9 | 31.81 | 48.85 | 9.86 | 53.34 | 2.93 | -2.04 | 14.50 | 170.52 | 10.94 | 197.28 | 17.25 | 187.5 | 10.13 | 178.3 | 0.90 | -4.26 | 17.82 | 105.54 | 71.17 | -8.53 | 68.08 | -43.21 | 31.92 | 0 | 0.29 | 0.68 | 24.44 | 1.79 |
| 2021 (8) | 1.56 | 0 | 21.37 | 26.6 | 6.43 | 469.03 | 2.99 | -15.19 | 5.36 | 0 | 3.68 | 0 | 6.00 | 0 | 3.64 | 0 | 0.94 | 14.63 | 8.67 | 335.68 | 77.81 | 11.09 | 119.87 | 0 | -19.87 | 0 | 0.29 | -5.95 | 24.01 | -0.66 |
| 2020 (7) | -0.57 | 0 | 16.88 | 17.71 | 1.13 | 0 | 3.52 | -3.01 | -1.89 | 0 | -1.58 | 0 | -2.08 | 0 | -1.13 | 0 | 0.82 | 5.13 | 1.99 | -46.93 | 70.04 | 32.4 | -58.70 | 0 | 158.70 | 0 | 0.31 | 2.86 | 24.17 | -1.91 |
| 2019 (6) | -0.28 | 0 | 14.34 | -15.99 | -0.80 | 0 | 3.63 | 51.99 | -0.26 | 0 | -0.80 | 0 | -0.95 | 0 | -0.52 | 0 | 0.78 | -13.33 | 3.75 | -62.83 | 52.90 | -0.38 | 316.67 | 401.79 | -216.67 | 0 | 0.30 | -11.23 | 24.64 | 1.94 |
| 2018 (5) | 2.34 | 229.58 | 17.07 | -2.57 | 4.62 | -11.66 | 2.39 | 4.95 | 7.34 | 290.43 | 5.50 | 239.51 | 7.35 | 240.28 | 4.99 | 221.94 | 0.90 | -2.17 | 10.09 | 121.76 | 53.10 | 18.47 | 63.11 | -77.17 | 36.89 | 0 | 0.34 | 0 | 24.17 | 12.58 |
| 2017 (4) | 0.71 | -83.83 | 17.52 | -13.57 | 5.23 | -42.15 | 2.28 | 33.81 | 1.88 | -79.91 | 1.62 | -75.68 | 2.16 | -83.07 | 1.55 | -82.02 | 0.92 | -28.68 | 4.55 | -59.66 | 44.82 | -1.21 | 276.36 | 186.21 | -176.36 | 0 | 0.00 | 0 | 21.47 | 20.08 |
| 2016 (3) | 4.39 | -13.07 | 20.27 | 2.89 | 9.04 | 5.36 | 1.70 | -0.87 | 9.36 | -6.77 | 6.66 | -9.51 | 12.76 | -18.05 | 8.62 | -11.5 | 1.29 | -1.53 | 11.28 | -6.47 | 45.37 | -12.65 | 96.56 | 13.0 | 3.44 | -76.36 | 0.00 | 0 | 17.88 | -2.19 |
| 2015 (2) | 5.05 | 30.15 | 19.70 | 6.83 | 8.58 | 43.24 | 1.72 | -5.3 | 10.04 | 31.24 | 7.36 | 23.91 | 15.57 | 13.57 | 9.74 | 20.1 | 1.31 | -2.96 | 12.06 | 23.69 | 51.94 | -28.11 | 85.45 | 9.09 | 14.55 | -32.85 | 0.00 | 0 | 18.28 | 2.07 |
| 2014 (1) | 3.88 | 77.98 | 18.44 | 0 | 5.99 | 0 | 1.81 | -27.62 | 7.65 | 0 | 5.94 | 0 | 13.71 | 0 | 8.11 | 0 | 1.35 | 12.5 | 9.75 | 31.94 | 72.25 | 3.23 | 78.33 | -8.82 | 21.67 | 61.42 | 0.00 | 0 | 17.91 | 0.56 |
