- 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) | -0.32 | -210.34 | -117.78 | -1.26 | -153.16 | -111.46 | -2.75 | -498.55 | -129.35 | -2.40 | -225.65 | -121.92 | -1.89 | -218.12 | -121.24 | -1.01 | -221.69 | -119.27 | -0.78 | -218.18 | -118.84 | 0.43 | 7.5 | -6.52 | -0.38 | -109.95 | -102.9 | 21.94 | -24.42 | -21.78 | 114.63 | 219.78 | 33.99 | -14.61 | -122.77 | -201.11 | 1.32 | -4.35 | 8.2 |
| 24Q2 (19) | 0.29 | -45.28 | 341.67 | 2.37 | -33.05 | 204.41 | 0.69 | -63.1 | 117.0 | 1.91 | -46.5 | 259.17 | 1.60 | -45.39 | 319.18 | 0.83 | -45.03 | 324.32 | 0.66 | -46.34 | 353.85 | 0.40 | -2.44 | 2.56 | 3.82 | -31.29 | 148.05 | 29.03 | 1.93 | 8.65 | 35.85 | -31.76 | -89.36 | 64.15 | 35.14 | 127.09 | 1.38 | 1.47 | -4.83 |
| 24Q1 (18) | 0.53 | 253.33 | 12.77 | 3.54 | 162.22 | -7.81 | 1.87 | 792.59 | -19.4 | 3.57 | 3866.67 | 23.1 | 2.93 | 253.01 | 22.08 | 1.51 | 251.16 | 8.63 | 1.23 | 232.43 | 12.84 | 0.41 | -2.38 | -6.82 | 5.56 | 156.22 | 3.54 | 28.48 | 29.69 | -5.38 | 52.53 | 116.87 | -34.28 | 47.47 | -88.48 | 136.47 | 1.36 | 22.52 | 6.25 |
| 23Q4 (17) | 0.15 | -91.67 | 114.42 | 1.35 | -87.72 | 125.81 | -0.27 | -102.88 | 95.92 | 0.09 | -99.18 | 101.41 | 0.83 | -90.67 | 116.31 | 0.43 | -91.79 | 114.1 | 0.37 | -91.06 | 116.3 | 0.42 | -8.7 | -6.67 | 2.17 | -83.44 | 153.45 | 21.96 | -21.71 | -33.31 | -311.33 | -463.89 | -401.23 | 412.00 | 2751.57 | 12384.91 | 1.11 | -9.02 | -9.76 |
| 23Q3 (16) | 1.80 | 1600.0 | 372.73 | 10.99 | 584.14 | 291.8 | 9.37 | 330.79 | 236.59 | 10.95 | 1012.5 | 387.4 | 8.90 | 1319.18 | 424.82 | 5.24 | 1516.22 | 381.72 | 4.14 | 1692.31 | 408.96 | 0.46 | 17.95 | -8.0 | 13.10 | 750.65 | 804.3 | 28.05 | 4.98 | -11.04 | 85.56 | -74.6 | -52.45 | 14.45 | 106.1 | 118.08 | 1.22 | -15.86 | 17.31 |
| 23Q2 (15) | -0.12 | -125.53 | -106.74 | -2.27 | -159.11 | -125.97 | -4.06 | -275.0 | -153.77 | -1.20 | -141.38 | -113.65 | -0.73 | -130.42 | -110.33 | -0.37 | -126.62 | -107.87 | -0.26 | -123.85 | -107.28 | 0.39 | -11.36 | -22.0 | 1.54 | -71.32 | -85.26 | 26.72 | -11.23 | -31.7 | 336.82 | 321.42 | 292.3 | -236.82 | -1279.71 | -1774.55 | 1.45 | 13.28 | 51.04 |
| 23Q1 (14) | 0.47 | 145.19 | -67.13 | 3.84 | 173.42 | -61.68 | 2.32 | 135.05 | -72.96 | 2.90 | 145.31 | -68.51 | 2.40 | 147.15 | -67.39 | 1.39 | 145.57 | -62.43 | 1.09 | 148.02 | -63.05 | 0.44 | -2.22 | 10.0 | 5.37 | 232.27 | -52.35 | 30.10 | -8.59 | 17.35 | 79.93 | -22.67 | -14.16 | 20.07 | 698.58 | 191.78 | 1.28 | 4.07 | 5.79 |
| 22Q4 (13) | -1.04 | -57.58 | -230.0 | -5.23 | 8.73 | -182.75 | -6.62 | 3.5 | -236.78 | -6.40 | -67.98 | -224.03 | -5.09 | -85.77 | -220.9 | -3.05 | -63.98 | -243.19 | -2.27 | -69.4 | -233.53 | 0.45 | -10.0 | 12.5 | -4.06 | -118.28 | -156.08 | 32.93 | 4.44 | 22.83 | 103.35 | -42.55 | 10.21 | -3.35 | 95.8 | -153.94 | 1.23 | 18.27 | -19.08 |
| 22Q3 (12) | -0.66 | -137.08 | -161.11 | -5.73 | -165.56 | -173.84 | -6.86 | -190.86 | -214.33 | -3.81 | -143.34 | -150.33 | -2.74 | -138.76 | -143.7 | -1.86 | -139.57 | -162.42 | -1.34 | -137.54 | -155.6 | 0.50 | 0.0 | 31.58 | -1.86 | -117.8 | -118.88 | 31.53 | -19.4 | 22.92 | 179.92 | 109.55 | 126.98 | -79.92 | -665.07 | -485.24 | 1.04 | 8.33 | -32.47 |
| 22Q2 (11) | 1.78 | 24.48 | 24.48 | 8.74 | -12.77 | -29.57 | 7.55 | -12.0 | -29.31 | 8.79 | -4.56 | -22.28 | 7.07 | -3.94 | -24.55 | 4.70 | 27.03 | 16.92 | 3.57 | 21.02 | 8.51 | 0.50 | 25.0 | 42.86 | 10.45 | -7.28 | -24.49 | 39.12 | 52.51 | 72.79 | 85.86 | -7.79 | -9.05 | 14.14 | 105.56 | 152.32 | 0.96 | -20.66 | -36.42 |
| 22Q1 (10) | 1.43 | 78.75 | -23.94 | 10.02 | 58.54 | -44.73 | 8.58 | 77.27 | -47.04 | 9.21 | 78.49 | -46.3 | 7.36 | 74.82 | -46.39 | 3.70 | 73.71 | -32.85 | 2.95 | 73.53 | -34.73 | 0.40 | 0.0 | 21.21 | 11.27 | 55.66 | -43.62 | 25.65 | -4.33 | 10.7 | 93.11 | -0.71 | -1.44 | 6.88 | 10.65 | 24.49 | 1.21 | -20.39 | -28.82 |
| 21Q4 (9) | 0.80 | -25.93 | -25.23 | 6.32 | -18.56 | -53.97 | 4.84 | -19.33 | -56.82 | 5.16 | -31.84 | -56.82 | 4.21 | -32.85 | -57.3 | 2.13 | -28.52 | -37.9 | 1.70 | -29.46 | -39.93 | 0.40 | 5.26 | 42.86 | 7.24 | -26.5 | -52.62 | 26.81 | 4.52 | 22.7 | 93.78 | 18.32 | 0.04 | 6.22 | -70.03 | -0.64 | 1.52 | -1.3 | -18.72 |
| 21Q3 (8) | 1.08 | -24.48 | -34.94 | 7.76 | -37.47 | -62.38 | 6.00 | -43.82 | -66.44 | 7.57 | -33.07 | -64.29 | 6.27 | -33.08 | -62.75 | 2.98 | -25.87 | -47.63 | 2.41 | -26.75 | -46.21 | 0.38 | 8.57 | 40.74 | 9.85 | -28.83 | -60.82 | 25.65 | 13.3 | 12.75 | 79.26 | -16.04 | -6.0 | 20.74 | 270.1 | 32.3 | 1.54 | 1.99 | -35.02 |
| 21Q2 (7) | 1.43 | -23.94 | 257.14 | 12.41 | -31.55 | 204.11 | 10.68 | -34.07 | 171.2 | 11.31 | -34.05 | 181.54 | 9.37 | -31.76 | 186.36 | 4.02 | -27.04 | 233.11 | 3.29 | -27.21 | 238.82 | 0.35 | 6.06 | 59.09 | 13.84 | -30.77 | 249.95 | 22.64 | -2.29 | -30.59 | 94.40 | -0.08 | -12.72 | 5.61 | 1.42 | 168.72 | 1.51 | -11.18 | -44.49 |
| 21Q1 (6) | 1.88 | 75.7 | 279.05 | 18.13 | 32.05 | 323.55 | 16.20 | 44.51 | 262.81 | 17.15 | 43.51 | 287.43 | 13.73 | 39.25 | 288.86 | 5.51 | 60.64 | 275.48 | 4.52 | 59.72 | 274.52 | 0.33 | 17.86 | -8.33 | 19.99 | 30.82 | 407.54 | 23.17 | 6.04 | 12.69 | 94.48 | 0.79 | -13.07 | 5.53 | -11.69 | 163.69 | 1.70 | -9.09 | 4.94 |
| 20Q4 (5) | 1.07 | -35.54 | 42.67 | 13.73 | -33.45 | 75.35 | 11.21 | -37.3 | 90.0 | 11.95 | -43.63 | 106.75 | 9.86 | -41.41 | 109.34 | 3.43 | -39.72 | 60.28 | 2.83 | -36.83 | 56.35 | 0.28 | 3.7 | -26.32 | 15.28 | -39.22 | 86.57 | 21.85 | -3.96 | 13.98 | 93.74 | 11.17 | -8.11 | 6.26 | -60.09 | 410.06 | 1.87 | -21.1 | 27.21 |
| 20Q3 (4) | 1.66 | 282.42 | 0.0 | 20.63 | 273.07 | 0.0 | 17.88 | 219.2 | 0.0 | 21.20 | 252.85 | 0.0 | 16.83 | 255.12 | 0.0 | 5.69 | 288.41 | 0.0 | 4.48 | 289.03 | 0.0 | 0.27 | 22.73 | 0.0 | 25.14 | 372.37 | 0.0 | 22.75 | -30.26 | 0.0 | 84.32 | -22.04 | 0.0 | 15.68 | 292.23 | 0.0 | 2.37 | -12.87 | 0.0 |
| 20Q2 (3) | -0.91 | 13.33 | 0.0 | -11.92 | -46.98 | 0.0 | -15.00 | -50.75 | 0.0 | -13.87 | -51.58 | 0.0 | -10.85 | -49.24 | 0.0 | -3.02 | 3.82 | 0.0 | -2.37 | 8.49 | 0.0 | 0.22 | -38.89 | 0.0 | -9.23 | -42.0 | 0.0 | 32.62 | 58.66 | 0.0 | 108.16 | -0.49 | 0.0 | -8.16 | 6.0 | 0.0 | 2.72 | 67.9 | 0.0 |
| 20Q1 (2) | -1.05 | -240.0 | 0.0 | -8.11 | -203.58 | 0.0 | -9.95 | -268.64 | 0.0 | -9.15 | -258.3 | 0.0 | -7.27 | -254.35 | 0.0 | -3.14 | -246.73 | 0.0 | -2.59 | -243.09 | 0.0 | 0.36 | -5.26 | 0.0 | -6.50 | -179.37 | 0.0 | 20.56 | 7.25 | 0.0 | 108.68 | 6.53 | 0.0 | -8.68 | -329.91 | 0.0 | 1.62 | 10.2 | 0.0 |
| 19Q4 (1) | 0.75 | 0.0 | 0.0 | 7.83 | 0.0 | 0.0 | 5.90 | 0.0 | 0.0 | 5.78 | 0.0 | 0.0 | 4.71 | 0.0 | 0.0 | 2.14 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 8.19 | 0.0 | 0.0 | 19.17 | 0.0 | 0.0 | 102.02 | 0.0 | 0.0 | -2.02 | 0.0 | 0.0 | 1.47 | 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) | 2.30 | 52.32 | 3.79 | 98.43 | 2.16 | 237.5 | 2.08 | 17.68 | 3.47 | 73.5 | 3.07 | 80.59 | 6.64 | 56.6 | 5.32 | 57.86 | 1.70 | -11.92 | 5.81 | 45.98 | 21.96 | -33.31 | 62.38 | 95.3 | 37.62 | -44.73 | 0.00 | 0 | 1.26 | 14.55 |
| 2022 (9) | 1.51 | -70.91 | 1.91 | -82.0 | 0.64 | -92.81 | 1.77 | -15.45 | 2.00 | -79.49 | 1.70 | -78.64 | 4.24 | -71.04 | 3.37 | -71.51 | 1.93 | 30.41 | 3.98 | -67.24 | 32.93 | 22.83 | 31.94 | -64.98 | 68.06 | 675.52 | 0.00 | 0 | 1.10 | -29.49 |
| 2021 (8) | 5.19 | 565.38 | 10.61 | 240.06 | 8.90 | 1228.36 | 2.09 | -30.99 | 9.75 | 366.51 | 7.96 | 347.19 | 14.64 | 542.11 | 11.83 | 497.47 | 1.48 | 38.32 | 12.15 | 117.74 | 26.81 | 22.7 | 91.22 | 185.47 | 8.78 | -87.1 | 0.00 | 0 | 1.56 | -24.27 |
| 2020 (7) | 0.78 | -79.79 | 3.12 | -57.78 | 0.67 | -88.22 | 3.03 | 62.12 | 2.09 | -69.93 | 1.78 | -68.72 | 2.28 | -79.06 | 1.98 | -78.62 | 1.07 | -33.54 | 5.58 | -39.08 | 21.85 | 13.98 | 31.96 | -61.0 | 68.04 | 276.56 | 0.00 | 0 | 2.06 | 54.89 |
| 2019 (6) | 3.86 | -38.83 | 7.39 | -26.9 | 5.69 | -34.3 | 1.87 | 8.69 | 6.95 | -28.42 | 5.69 | -27.33 | 10.89 | -37.91 | 9.26 | -36.05 | 1.61 | -12.02 | 9.16 | -22.24 | 19.17 | 0.31 | 81.93 | -8.11 | 18.07 | 66.76 | 0.00 | 0 | 1.33 | 14.66 |
| 2018 (5) | 6.31 | -25.06 | 10.11 | -38.5 | 8.66 | -41.05 | 1.72 | -36.13 | 9.71 | -36.95 | 7.83 | -39.07 | 17.54 | -28.55 | 14.48 | -21.18 | 1.83 | 29.79 | 11.78 | -36.63 | 19.11 | -24.73 | 89.16 | -6.52 | 10.84 | 134.68 | 0.00 | 0 | 1.16 | -12.78 |
| 2017 (4) | 8.42 | 5.91 | 16.44 | -6.91 | 14.69 | -6.91 | 2.70 | -28.5 | 15.40 | -7.23 | 12.85 | -7.35 | 24.55 | -6.72 | 18.37 | 4.43 | 1.41 | 13.71 | 18.59 | -12.27 | 25.39 | -45.22 | 95.38 | 0.33 | 4.62 | -6.31 | 0.00 | 0 | 1.33 | -11.33 |
| 2016 (3) | 7.95 | 59.96 | 17.66 | 101.6 | 15.78 | 118.56 | 3.77 | 9.95 | 16.60 | 98.33 | 13.87 | 84.69 | 26.32 | 40.9 | 17.59 | 60.64 | 1.24 | -11.43 | 21.19 | 68.04 | 46.35 | -22.13 | 95.07 | 10.19 | 4.93 | -64.07 | 0.00 | 0 | 1.50 | 26.05 |
| 2015 (2) | 4.97 | 423.16 | 8.76 | 734.29 | 7.22 | 0 | 3.43 | 43.49 | 8.37 | 737.0 | 7.51 | 658.59 | 18.68 | 394.18 | 10.95 | 354.36 | 1.40 | -26.7 | 12.61 | 210.59 | 59.52 | -38.88 | 86.28 | 0 | 13.72 | -86.54 | 0.00 | 0 | 1.19 | 52.56 |
| 2014 (1) | 0.95 | -66.31 | 1.05 | 0 | -0.02 | 0 | 2.39 | 0.77 | 1.00 | 0 | 0.99 | 0 | 3.78 | 0 | 2.41 | 0 | 1.91 | -2.55 | 4.06 | -36.76 | 97.39 | -3.21 | -1.91 | 0 | 101.91 | 317.94 | 0.00 | 0 | 0.78 | 1.3 |
