- 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) | 0.94 | 154.05 | 276.0 | 8.18 | -51.74 | 1443.4 | -1.68 | -128.52 | 94.38 | 19.11 | 117.41 | 111.16 | 17.79 | 113.05 | 28.08 | 1.63 | 150.77 | 270.45 | 1.53 | 150.82 | 264.29 | 0.09 | 28.57 | 200.0 | 24.73 | 56.72 | -12.74 | 6.76 | 5.13 | 10.46 | -8.33 | -112.2 | 97.47 | 109.26 | 219.97 | -74.56 | 6.69 | -4.15 | -63.44 |
| 24Q2 (19) | 0.37 | 260.87 | 628.57 | 16.95 | 1016.22 | 20.13 | 5.89 | 125.75 | 155.46 | 8.79 | 160.66 | 300.23 | 8.35 | 171.55 | 355.35 | 0.65 | 254.76 | 564.29 | 0.61 | 252.5 | 608.33 | 0.07 | 133.33 | 75.0 | 15.78 | 568.64 | 46.93 | 6.43 | 17.98 | -21.49 | 68.29 | -55.89 | -71.11 | 34.15 | 158.81 | 125.04 | 6.98 | -56.07 | -51.22 |
| 24Q1 (18) | -0.23 | 76.29 | -9.52 | -1.85 | 82.11 | -130.08 | -22.87 | 41.06 | -36.37 | -14.49 | 66.95 | -3.35 | -11.67 | 70.99 | -7.46 | -0.42 | 76.14 | -10.53 | -0.40 | 75.9 | -14.29 | 0.03 | -25.0 | 0.0 | 2.36 | 107.88 | -29.97 | 5.45 | -15.37 | -47.09 | 154.84 | 74.97 | 28.29 | -58.06 | -604.71 | -180.65 | 15.89 | 13.83 | -19.79 |
| 23Q4 (17) | -0.97 | -488.0 | -646.15 | -10.34 | -2050.94 | -175.53 | -38.80 | -29.81 | -476.52 | -43.84 | -584.42 | -443.25 | -40.23 | -389.63 | -745.17 | -1.76 | -500.0 | -700.0 | -1.66 | -495.24 | -690.48 | 0.04 | 33.33 | 0.0 | -29.96 | -205.72 | -701.61 | 6.44 | 5.23 | -26.82 | 88.50 | 126.86 | 7.13 | 11.50 | -97.32 | -33.85 | 13.96 | -23.72 | -2.38 |
| 23Q3 (16) | 0.25 | 457.14 | -59.02 | 0.53 | -96.24 | -97.01 | -29.89 | -181.45 | -2161.38 | 9.05 | 306.15 | -59.83 | 13.89 | 524.77 | -32.74 | 0.44 | 414.29 | -60.0 | 0.42 | 450.0 | -52.81 | 0.03 | -25.0 | -25.0 | 28.34 | 163.87 | -16.3 | 6.12 | -25.27 | -33.41 | -329.41 | -239.37 | -4777.65 | 429.41 | 414.9 | 355.05 | 18.30 | 27.88 | 48.66 |
| 23Q2 (15) | -0.07 | 66.67 | 12.5 | 14.11 | 129.43 | -52.14 | -10.62 | 36.67 | -167.73 | -4.39 | 68.69 | -122.04 | -3.27 | 69.89 | -41.56 | -0.14 | 63.16 | 6.67 | -0.12 | 65.71 | -20.0 | 0.04 | 33.33 | -20.0 | 10.74 | 218.69 | -63.47 | 8.19 | -20.49 | -78.05 | 236.36 | 95.84 | 199.39 | -136.36 | -559.09 | -747.73 | 14.31 | -27.76 | 42.39 |
| 23Q1 (14) | -0.21 | -61.54 | -116.94 | 6.15 | -55.08 | -79.98 | -16.77 | -149.18 | -179.29 | -14.02 | -73.73 | -161.46 | -10.86 | -128.15 | -159.67 | -0.38 | -72.73 | -119.19 | -0.35 | -66.67 | -123.18 | 0.03 | -25.0 | -62.5 | 3.37 | -32.33 | -87.96 | 10.30 | 17.05 | -77.85 | 120.69 | 46.1 | 30.16 | -20.69 | -218.97 | -384.48 | 19.81 | 38.53 | 155.61 |
| 22Q4 (13) | -0.13 | -121.31 | -105.24 | 13.69 | -22.7 | -70.36 | -6.73 | -564.14 | -119.56 | -8.07 | -135.82 | -123.47 | -4.76 | -123.05 | -116.93 | -0.22 | -120.0 | -106.03 | -0.21 | -123.6 | -106.86 | 0.04 | 0.0 | -63.64 | 4.98 | -85.29 | -86.97 | 8.80 | -4.24 | -52.66 | 82.61 | 1073.04 | -17.39 | 17.39 | -81.57 | 0 | 14.30 | 16.17 | 33.52 |
| 22Q3 (12) | 0.61 | 862.5 | -92.96 | 17.71 | -39.93 | -69.53 | 1.45 | -90.75 | -97.19 | 22.53 | 13.1 | -57.54 | 20.65 | 993.94 | -51.66 | 1.10 | 833.33 | -92.12 | 0.89 | 990.0 | -91.65 | 0.04 | -20.0 | -84.0 | 33.86 | 15.17 | -38.11 | 9.19 | -75.38 | -54.16 | 7.04 | -91.08 | -92.75 | 94.37 | 348.24 | 3168.5 | 12.31 | 22.49 | 108.64 |
| 22Q2 (11) | -0.08 | -106.45 | -100.68 | 29.48 | -4.04 | -53.33 | 15.68 | -25.86 | -72.79 | 19.92 | -12.67 | -65.25 | -2.31 | -112.69 | -105.13 | -0.15 | -107.58 | -100.72 | -0.10 | -106.62 | -100.65 | 0.05 | -37.5 | -85.29 | 29.40 | 5.0 | -49.82 | 37.32 | -19.76 | -13.95 | 78.95 | -14.86 | -21.45 | 21.05 | 189.47 | 4281.58 | 10.05 | 29.68 | 112.47 |
| 22Q1 (10) | 1.24 | -50.0 | -87.39 | 30.72 | -33.49 | -52.58 | 21.15 | -38.52 | -63.61 | 22.81 | -33.67 | -59.81 | 18.20 | -35.28 | -59.91 | 1.98 | -45.75 | -89.78 | 1.51 | -50.65 | -90.29 | 0.08 | -27.27 | -76.47 | 28.00 | -26.72 | -52.24 | 46.51 | 150.19 | 79.09 | 92.73 | -7.27 | -9.42 | 7.27 | 0 | 406.16 | 7.75 | -27.64 | 38.39 |
| 21Q4 (9) | 2.48 | -71.4 | -68.49 | 46.19 | -20.54 | -24.66 | 34.40 | -33.27 | -36.33 | 34.39 | -35.19 | -35.47 | 28.12 | -34.18 | -34.28 | 3.65 | -73.85 | -80.55 | 3.06 | -71.29 | -80.19 | 0.11 | -56.0 | -69.44 | 38.21 | -30.16 | -30.75 | 18.59 | -7.28 | -19.66 | 100.00 | 2.88 | -1.43 | 0.00 | -100.0 | 100.0 | 10.71 | 81.53 | 113.77 |
| 21Q3 (8) | 8.67 | -26.28 | 91.81 | 58.13 | -7.98 | 7.41 | 51.55 | -10.55 | 14.66 | 53.06 | -7.45 | 18.07 | 42.72 | -5.19 | 18.44 | 13.96 | -32.66 | 9.32 | 10.66 | -30.69 | 3.5 | 0.25 | -26.47 | -13.79 | 54.71 | -6.62 | 14.86 | 20.05 | -53.77 | 2.56 | 97.20 | -3.29 | -2.8 | 2.89 | 673.46 | 0 | 5.90 | 24.74 | -16.55 |
| 21Q2 (7) | 11.76 | 19.63 | 261.85 | 63.17 | -2.49 | 36.61 | 57.63 | -0.84 | 55.3 | 57.33 | 1.0 | 49.96 | 45.06 | -0.75 | 42.87 | 20.73 | 6.97 | 117.07 | 15.38 | -1.09 | 94.93 | 0.34 | 0.0 | 36.0 | 58.59 | -0.07 | 40.6 | 43.37 | 67.0 | 48.78 | 100.50 | -1.83 | 3.51 | -0.50 | 78.81 | -117.33 | 4.73 | -15.54 | -24.92 |
| 21Q1 (6) | 9.83 | 24.9 | 712.4 | 64.78 | 5.66 | 132.94 | 58.12 | 7.57 | 244.93 | 56.76 | 6.51 | 223.79 | 45.40 | 6.1 | 227.56 | 19.38 | 3.25 | 447.46 | 15.55 | 0.65 | 403.24 | 0.34 | -5.56 | 54.55 | 58.63 | 6.25 | 170.81 | 25.97 | 12.23 | 93.66 | 102.38 | 0.91 | 6.34 | -2.38 | -75.45 | -163.74 | 5.60 | 11.78 | -23.71 |
| 20Q4 (5) | 7.87 | 74.12 | 649.52 | 61.31 | 13.29 | 122.06 | 54.03 | 20.17 | 199.83 | 53.29 | 18.58 | 212.55 | 42.79 | 18.63 | 207.62 | 18.77 | 46.99 | 493.99 | 15.45 | 50.0 | 465.93 | 0.36 | 24.14 | 80.0 | 55.18 | 15.85 | 162.89 | 23.14 | 18.36 | 44.99 | 101.45 | 1.45 | -3.55 | -1.35 | 0 | 77.15 | 5.01 | -29.14 | -24.09 |
| 20Q3 (4) | 4.52 | 39.08 | 0.0 | 54.12 | 17.04 | 0.0 | 44.96 | 21.15 | 0.0 | 44.94 | 17.55 | 0.0 | 36.07 | 14.36 | 0.0 | 12.77 | 33.72 | 0.0 | 10.30 | 30.54 | 0.0 | 0.29 | 16.0 | 0.0 | 47.63 | 14.3 | 0.0 | 19.55 | -32.93 | 0.0 | 100.00 | 2.99 | 0.0 | 0.00 | -100.0 | 0.0 | 7.07 | 12.22 | 0.0 |
| 20Q2 (3) | 3.25 | 168.6 | 0.0 | 46.24 | 66.27 | 0.0 | 37.11 | 120.24 | 0.0 | 38.23 | 118.08 | 0.0 | 31.54 | 127.56 | 0.0 | 9.55 | 169.77 | 0.0 | 7.89 | 155.34 | 0.0 | 0.25 | 13.64 | 0.0 | 41.67 | 92.47 | 0.0 | 29.15 | 117.38 | 0.0 | 97.09 | 0.85 | 0.0 | 2.91 | -22.03 | 0.0 | 6.30 | -14.17 | 0.0 |
| 20Q1 (2) | 1.21 | 15.24 | 0.0 | 27.81 | 0.72 | 0.0 | 16.85 | -6.49 | 0.0 | 17.53 | 2.82 | 0.0 | 13.86 | -0.36 | 0.0 | 3.54 | 12.03 | 0.0 | 3.09 | 13.19 | 0.0 | 0.22 | 10.0 | 0.0 | 21.65 | 3.14 | 0.0 | 13.41 | -15.98 | 0.0 | 96.27 | -8.47 | 0.0 | 3.73 | 162.89 | 0.0 | 7.34 | 11.21 | 0.0 |
| 19Q4 (1) | 1.05 | 0.0 | 0.0 | 27.61 | 0.0 | 0.0 | 18.02 | 0.0 | 0.0 | 17.05 | 0.0 | 0.0 | 13.91 | 0.0 | 0.0 | 3.16 | 0.0 | 0.0 | 2.73 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 20.99 | 0.0 | 0.0 | 15.96 | 0.0 | 0.0 | 105.19 | 0.0 | 0.0 | -5.93 | 0.0 | 0.0 | 6.60 | 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) | -1.02 | 0 | 2.39 | -90.52 | -24.18 | 0 | 16.11 | 89.18 | -15.15 | 0 | -12.06 | 0 | -1.83 | 0 | -1.69 | 0 | 0.14 | -36.36 | 1.12 | -95.62 | 6.44 | -26.82 | 158.82 | 131.45 | -59.56 | 0 | 0.00 | 0 | 16.33 | 60.26 |
| 2022 (9) | 1.65 | -94.96 | 25.22 | -58.2 | 11.67 | -78.19 | 8.51 | 392.87 | 17.02 | -68.13 | 10.28 | -75.86 | 2.63 | -95.38 | 2.30 | -95.14 | 0.22 | -80.18 | 25.60 | -53.67 | 8.80 | -52.66 | 68.62 | -31.49 | 31.38 | 0 | 0.00 | 0 | 10.19 | 70.69 |
| 2021 (8) | 32.74 | 94.3 | 60.34 | 19.34 | 53.50 | 28.02 | 1.73 | -35.46 | 53.41 | 27.59 | 42.59 | 26.19 | 56.96 | 34.53 | 47.32 | 34.17 | 1.11 | 6.73 | 55.26 | 23.71 | 18.59 | -19.66 | 100.16 | 0.34 | -0.16 | 0 | 0.00 | 0 | 5.97 | -3.71 |
| 2020 (7) | 16.85 | 236.33 | 50.56 | 79.29 | 41.79 | 118.8 | 2.68 | -25.81 | 41.86 | 111.31 | 33.75 | 110.15 | 42.34 | 175.47 | 35.27 | 163.01 | 1.04 | 25.3 | 44.67 | 88.8 | 23.14 | 44.99 | 99.82 | 3.49 | 0.18 | -94.89 | 0.03 | -53.95 | 6.20 | -9.62 |
| 2019 (6) | 5.01 | 22.79 | 28.20 | 28.42 | 19.10 | 42.22 | 3.61 | 11.89 | 19.81 | 38.34 | 16.06 | 38.81 | 15.37 | 15.3 | 13.41 | 13.74 | 0.83 | -18.63 | 23.66 | 32.92 | 15.96 | 18.66 | 96.45 | 2.67 | 3.55 | -43.21 | 0.07 | -9.61 | 6.86 | 20.77 |
| 2018 (5) | 4.08 | 17.92 | 21.96 | -3.81 | 13.43 | -7.57 | 3.22 | -15.92 | 14.32 | -0.28 | 11.57 | -0.34 | 13.33 | 6.55 | 11.79 | 11.54 | 1.02 | 12.09 | 17.80 | -4.15 | 13.45 | 4.02 | 93.94 | -7.15 | 6.25 | 0 | 0.08 | 0 | 5.68 | -8.39 |
| 2017 (4) | 3.46 | -45.08 | 22.83 | -28.03 | 14.53 | -38.01 | 3.83 | 6.25 | 14.36 | -40.81 | 11.61 | -40.43 | 12.51 | -52.11 | 10.57 | -49.01 | 0.91 | -14.15 | 18.57 | -34.1 | 12.93 | -50.21 | 101.17 | 4.71 | -1.17 | 0 | 0.00 | 0 | 6.20 | -2.82 |
| 2016 (3) | 6.30 | -22.51 | 31.72 | -1.7 | 23.44 | -4.29 | 3.61 | 20.83 | 24.26 | -2.77 | 19.49 | -9.85 | 26.12 | -32.82 | 20.73 | -30.41 | 1.06 | -23.19 | 28.18 | -1.74 | 25.97 | -0.88 | 96.62 | -1.49 | 3.38 | 76.31 | 0.00 | 0 | 6.38 | 10.76 |
| 2015 (2) | 8.13 | 103.25 | 32.27 | 75.67 | 24.49 | 110.58 | 2.99 | -3.87 | 24.95 | 99.76 | 21.62 | 78.97 | 38.88 | 80.42 | 29.79 | 86.77 | 1.38 | 5.34 | 28.68 | 75.52 | 26.20 | -26.92 | 98.08 | 5.38 | 1.92 | -72.28 | 0.00 | 0 | 5.76 | 28.0 |
| 2014 (1) | 4.00 | 19.76 | 18.37 | 0 | 11.63 | 0 | 3.11 | 0.28 | 12.49 | 0 | 12.08 | 0 | 21.55 | 0 | 15.95 | 0 | 1.31 | 0 | 16.34 | -2.27 | 35.85 | 0.7 | 93.08 | -3.09 | 6.92 | 74.92 | 0.00 | 0 | 4.50 | 9.76 |
