- 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) | 0.20 | -81.31 | -59.18 | 24.54 | -19.12 | -5.94 | 3.01 | -41.21 | 183.38 | 2.61 | -78.12 | -66.96 | 2.06 | -80.44 | -62.34 | 0.15 | -83.15 | -69.39 | 0.18 | -77.22 | -58.14 | 0.06 | -14.29 | -25.0 | 6.33 | -58.6 | -45.57 | 16.60 | -10.27 | 111.73 | 115.38 | 170.05 | 352.96 | -15.38 | -126.86 | -110.57 | 15.29 | -18.06 | -26.31 |
| 24Q2 (19) | 1.07 | -24.11 | 256.67 | 30.34 | -8.26 | 15.1 | 5.12 | -7.25 | 339.25 | 11.93 | -31.95 | 276.34 | 10.53 | -23.03 | 245.25 | 0.89 | -36.88 | 206.9 | 0.79 | -38.76 | 216.0 | 0.07 | -22.22 | -12.5 | 15.29 | -26.91 | 129.58 | 18.50 | 94.53 | -9.14 | 42.73 | 34.55 | 162.83 | 57.27 | -16.9 | -65.91 | 18.66 | -11.27 | -0.43 |
| 24Q1 (18) | 1.41 | 1181.82 | 603.57 | 33.07 | -2.88 | 45.55 | 5.52 | -32.6 | 173.5 | 17.53 | 2176.62 | 830.42 | 13.68 | 1132.43 | 541.29 | 1.41 | 1181.82 | 664.0 | 1.29 | 1190.0 | 686.36 | 0.09 | 0.0 | 28.57 | 20.92 | 395.73 | 1258.44 | 9.51 | 3.71 | -6.21 | 31.76 | -97.11 | -90.0 | 68.92 | 106.89 | 132.55 | 21.03 | 16.64 | 1.35 |
| 23Q4 (17) | 0.11 | -77.55 | -42.11 | 34.05 | 30.51 | 22.26 | 8.19 | 326.87 | 53.66 | 0.77 | -90.25 | -78.67 | 1.11 | -79.71 | -25.0 | 0.11 | -77.55 | -35.29 | 0.10 | -76.74 | -33.33 | 0.09 | 12.5 | -10.0 | 4.22 | -63.71 | -32.48 | 9.17 | 16.96 | -34.87 | 1100.00 | 2511.54 | 647.17 | -1000.00 | -786.75 | -2017.65 | 18.03 | -13.11 | 24.69 |
| 23Q3 (16) | 0.49 | 63.33 | -86.97 | 26.09 | -1.02 | -35.39 | -3.61 | -68.69 | -117.74 | 7.90 | 149.21 | -68.25 | 5.47 | 79.34 | -71.88 | 0.49 | 68.97 | -85.67 | 0.43 | 72.0 | -84.53 | 0.08 | 0.0 | -42.86 | 11.63 | 74.62 | -56.23 | 7.84 | -61.49 | -57.74 | -45.61 | 32.92 | -155.83 | 145.61 | -13.32 | 695.6 | 20.75 | 10.73 | 39.54 |
| 23Q2 (15) | 0.30 | 207.14 | -94.77 | 26.36 | 16.02 | -41.36 | -2.14 | 71.5 | -107.96 | 3.17 | 232.08 | -89.43 | 3.05 | 198.39 | -87.29 | 0.29 | 216.0 | -94.5 | 0.25 | 213.64 | -94.19 | 0.08 | 14.29 | -55.56 | 6.66 | 332.47 | -78.77 | 20.36 | 100.79 | -25.09 | -68.00 | -121.41 | -175.98 | 168.00 | 179.33 | 1527.86 | 18.74 | -9.69 | 27.57 |
| 23Q1 (14) | -0.28 | -247.37 | -105.39 | 22.72 | -18.42 | -49.14 | -7.51 | -240.9 | -128.63 | -2.40 | -166.48 | -107.95 | -3.10 | -309.46 | -113.21 | -0.25 | -247.06 | -103.58 | -0.22 | -246.67 | -104.09 | 0.07 | -30.0 | -69.57 | 1.54 | -75.36 | -95.14 | 10.14 | -27.98 | -45.34 | 317.65 | 115.76 | 265.86 | -211.76 | -348.44 | -1706.92 | 20.75 | 43.5 | 38.98 |
| 22Q4 (13) | 0.19 | -94.95 | -95.63 | 27.85 | -31.03 | -34.19 | 5.33 | -73.81 | -77.64 | 3.61 | -85.49 | -84.95 | 1.48 | -92.39 | -91.95 | 0.17 | -95.03 | -98.5 | 0.15 | -94.6 | -97.8 | 0.10 | -28.57 | -72.97 | 6.25 | -76.48 | -75.54 | 14.08 | -24.1 | -77.83 | 147.22 | 80.2 | 48.33 | -47.22 | -358.01 | -6412.04 | 14.46 | -2.76 | 37.58 |
| 22Q3 (12) | 3.76 | -34.49 | -27.13 | 40.38 | -10.17 | -10.35 | 20.35 | -24.29 | -24.6 | 24.88 | -17.07 | -8.16 | 19.45 | -18.96 | -10.94 | 3.42 | -35.1 | -77.72 | 2.78 | -35.35 | -68.83 | 0.14 | -22.22 | -65.85 | 26.57 | -15.3 | -7.65 | 18.55 | -31.75 | -73.74 | 81.70 | -8.72 | -17.94 | 18.30 | 77.34 | 4045.49 | 14.87 | 1.23 | 3.05 |
| 22Q2 (11) | 5.74 | 10.6 | 50.26 | 44.95 | 0.63 | 10.14 | 26.88 | 2.48 | 19.31 | 30.00 | -0.6 | 34.89 | 24.00 | 2.26 | 27.8 | 5.27 | -24.5 | -59.05 | 4.30 | -20.07 | -41.66 | 0.18 | -21.74 | -53.85 | 31.37 | -0.95 | 30.49 | 27.18 | 46.52 | -63.61 | 89.50 | 3.09 | -11.6 | 10.32 | -21.69 | 925.62 | 14.69 | -1.61 | 0.34 |
| 22Q1 (10) | 5.19 | 19.31 | 115.35 | 44.67 | 5.55 | 17.15 | 26.23 | 10.03 | 61.81 | 30.18 | 25.8 | 49.33 | 23.47 | 27.62 | 60.86 | 6.98 | -38.45 | -23.8 | 5.38 | -21.11 | 4.67 | 0.23 | -37.84 | -34.29 | 31.67 | 23.95 | 41.32 | 18.55 | -70.79 | -75.57 | 86.82 | -12.52 | 7.84 | 13.18 | 1661.5 | -33.83 | 14.93 | 42.06 | -9.3 |
| 21Q4 (9) | 4.35 | -15.7 | 171.87 | 42.32 | -6.04 | 22.92 | 23.84 | -11.67 | 89.66 | 23.99 | -11.44 | 97.29 | 18.39 | -15.8 | 83.72 | 11.34 | -26.12 | 72.6 | 6.82 | -23.54 | 88.92 | 0.37 | -9.76 | 2.78 | 25.55 | -11.19 | 77.55 | 63.51 | -10.09 | -23.6 | 99.25 | -0.31 | -4.27 | 0.75 | 69.45 | 120.35 | 10.51 | -27.17 | -24.39 |
| 21Q3 (8) | 5.16 | 35.08 | 78.55 | 45.04 | 10.37 | 25.56 | 26.99 | 19.8 | 57.56 | 27.09 | 21.81 | 60.58 | 21.84 | 16.29 | 50.31 | 15.35 | 19.27 | 12.78 | 8.92 | 21.03 | 18.77 | 0.41 | 5.13 | -19.61 | 28.77 | 19.68 | 54.43 | 70.64 | -5.42 | -15.83 | 99.56 | -1.67 | -1.7 | 0.44 | 135.32 | 125.83 | 14.43 | -1.43 | 12.91 |
| 21Q2 (7) | 3.82 | 58.51 | 114.61 | 40.81 | 7.03 | 20.45 | 22.53 | 38.99 | 167.26 | 22.24 | 10.04 | 163.51 | 18.78 | 28.72 | 155.86 | 12.87 | 40.5 | 42.37 | 7.37 | 43.39 | 47.7 | 0.39 | 11.43 | -41.79 | 24.04 | 7.27 | 115.8 | 74.69 | -1.62 | -14.78 | 101.25 | 25.76 | 1.25 | -1.25 | -106.28 | 0 | 14.64 | -11.06 | -13.27 |
| 21Q1 (6) | 2.41 | 50.62 | 0 | 38.13 | 10.75 | 0 | 16.21 | 28.96 | 0 | 20.21 | 66.2 | 0 | 14.59 | 45.75 | 0 | 9.16 | 39.42 | 0 | 5.14 | 42.38 | 0 | 0.35 | -2.78 | 0 | 22.41 | 55.73 | 0 | 75.92 | -8.67 | 0 | 80.51 | -22.35 | 0 | 19.92 | 641.69 | 0 | 16.46 | 18.42 | 0 |
| 20Q4 (5) | 1.60 | -44.64 | 0 | 34.43 | -4.01 | 0 | 12.57 | -26.62 | 0 | 12.16 | -27.92 | 0 | 10.01 | -31.11 | 0 | 6.57 | -51.73 | 0 | 3.61 | -51.93 | 0 | 0.36 | -29.41 | 0 | 14.39 | -22.76 | 0 | 83.13 | -0.95 | 0 | 103.68 | 2.36 | 0 | -3.68 | -115.07 | 0 | 13.90 | 8.76 | 0 |
| 20Q3 (4) | 2.89 | 62.36 | 0.0 | 35.87 | 5.87 | 0.0 | 17.13 | 103.2 | 0.0 | 16.87 | 99.88 | 0.0 | 14.53 | 97.96 | 0.0 | 13.61 | 50.55 | 0.0 | 7.51 | 50.5 | 0.0 | 0.51 | -23.88 | 0.0 | 18.63 | 67.24 | 0.0 | 83.93 | -4.23 | 0.0 | 101.28 | 1.28 | 0.0 | -1.71 | 0 | 0.0 | 12.78 | -24.29 | 0.0 |
| 20Q2 (3) | 1.78 | 0 | 0.0 | 33.88 | 0 | 0.0 | 8.43 | 0 | 0.0 | 8.44 | 0 | 0.0 | 7.34 | 0 | 0.0 | 9.04 | 0 | 0.0 | 4.99 | 0 | 0.0 | 0.67 | 0 | 0.0 | 11.14 | 0 | 0.0 | 87.64 | 0 | 0.0 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 16.88 | 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) | 0.63 | -95.76 | 27.48 | -32.89 | -1.01 | 0 | 2.14 | 100.36 | 2.35 | -90.4 | 1.67 | -91.23 | 0.60 | -96.97 | 0.54 | -96.56 | 0.32 | -60.98 | 5.96 | -77.22 | 9.17 | -34.87 | -43.66 | 0 | 143.66 | 1102.56 | 0.52 | 23.64 | 19.50 | 32.11 |
| 2022 (9) | 14.85 | -5.71 | 40.95 | -2.27 | 21.56 | -5.89 | 1.07 | 0.9 | 24.48 | 3.29 | 19.05 | 1.82 | 19.80 | -58.47 | 15.69 | -43.94 | 0.82 | -44.97 | 26.16 | 2.75 | 14.08 | -77.83 | 88.05 | -8.91 | 11.95 | 258.39 | 0.42 | -39.88 | 14.76 | 7.11 |
| 2021 (8) | 15.75 | 151.2 | 41.90 | 20.82 | 22.91 | 84.76 | 1.06 | -27.13 | 23.70 | 94.1 | 18.71 | 79.56 | 47.68 | 67.89 | 27.99 | 77.6 | 1.49 | -0.67 | 25.46 | 76.07 | 63.51 | -23.6 | 96.67 | -4.82 | 3.33 | 0 | 0.70 | -19.64 | 13.78 | -6.45 |
| 2020 (7) | 6.27 | 508.74 | 34.68 | 6.84 | 12.40 | 330.56 | 1.45 | -29.49 | 12.21 | 325.44 | 10.42 | 308.63 | 28.40 | 416.36 | 15.76 | 386.42 | 1.50 | 22.95 | 14.46 | 142.21 | 83.13 | 3.96 | 101.56 | 1.56 | -1.56 | 0 | 0.87 | 0 | 14.73 | -22.19 |
| 2019 (6) | 1.03 | -85.67 | 32.46 | -16.06 | 2.88 | -80.51 | 2.06 | 71.01 | 2.87 | -81.13 | 2.55 | -81.59 | 5.50 | -88.37 | 3.24 | -87.67 | 1.22 | -35.45 | 5.97 | -64.72 | 79.96 | 8.33 | 100.00 | 3.04 | 0.00 | 0 | 0.00 | 0 | 18.93 | 11.22 |
| 2018 (5) | 7.19 | 392.47 | 38.67 | 48.45 | 14.78 | 257.87 | 1.20 | -21.77 | 15.21 | 295.06 | 13.85 | 269.33 | 47.31 | 248.64 | 26.27 | 296.23 | 1.89 | 8.0 | 16.92 | 184.85 | 73.81 | -19.81 | 97.05 | -9.12 | 2.95 | 0 | 0.00 | 0 | 17.02 | 13.77 |
| 2017 (4) | 1.46 | 19.67 | 26.05 | -8.63 | 4.13 | 6.44 | 1.54 | 34.66 | 3.85 | 5.19 | 3.75 | 4.17 | 13.57 | -22.37 | 6.63 | -17.33 | 1.75 | -20.81 | 5.94 | 12.93 | 92.04 | -26.33 | 106.80 | 0.51 | -6.80 | 0 | 0.00 | 0 | 14.96 | 21.63 |
| 2016 (3) | 1.22 | 0 | 28.51 | 46.88 | 3.88 | 0 | 1.14 | -36.71 | 3.66 | 0 | 3.60 | 0 | 17.48 | 0 | 8.02 | 0 | 2.21 | 8.87 | 5.26 | 557.5 | 124.93 | 9.38 | 106.25 | -70.4 | -6.25 | 0 | 0.00 | 0 | 12.30 | -19.4 |
| 2015 (2) | -0.45 | 0 | 19.41 | 0 | -5.61 | 0 | 1.81 | 0 | -1.57 | 0 | -1.62 | 0 | -6.77 | 0 | -3.23 | 0 | 2.03 | 0 | 0.80 | 0 | 114.22 | 15.81 | 358.97 | 0 | -258.97 | 0 | 0.00 | 0 | 15.26 | 0 |
| 2014 (1) | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 98.63 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 |
