- 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) | 0.53 | 320.83 | 303.85 | 44.47 | 22.78 | 30.41 | 14.96 | 184.9 | 204.84 | 27.07 | 315.35 | 329.8 | 27.88 | 315.79 | 336.67 | 6.81 | 320.39 | 238.7 | 3.74 | 332.3 | 339.74 | 0.13 | -7.14 | -13.33 | 51.15 | 616.39 | 514.05 | 114.21 | 68.97 | -37.18 | 57.14 | -58.44 | -53.25 | 45.71 | 221.9 | 305.71 | 23.00 | -17.5 | -15.6 |
| 24Q2 (19) | -0.24 | 14.29 | -180.0 | 36.22 | -4.43 | 13.29 | -17.62 | -8.56 | -276.55 | -12.57 | -52.55 | -181.62 | -12.92 | -18.21 | -184.67 | -3.09 | 0.0 | -153.74 | -1.61 | -12.59 | -168.51 | 0.14 | -6.67 | 0.0 | 7.14 | -16.0 | -81.49 | 67.59 | -18.06 | -58.96 | 137.50 | -28.5 | 106.25 | -37.50 | 59.38 | -198.44 | 27.88 | -1.06 | -6.16 |
| 24Q1 (18) | -0.28 | -112.17 | 63.16 | 37.90 | -1.1 | 72.43 | -16.23 | -165.95 | 0.61 | -8.24 | -115.63 | 53.5 | -10.93 | -120.73 | 38.32 | -3.09 | -108.79 | 76.52 | -1.43 | -109.43 | 66.27 | 0.15 | -46.43 | -42.31 | 8.50 | -86.45 | 243.1 | 82.49 | -20.09 | -57.21 | 192.31 | 312.82 | 108.67 | -92.31 | -272.81 | -1276.92 | 28.18 | 379.25 | 93.68 |
| 23Q4 (17) | 2.30 | 984.62 | 202.63 | 38.32 | 12.38 | 157.7 | 24.61 | 272.46 | 434.83 | 52.73 | 547.62 | 307.81 | 52.73 | 547.62 | 347.62 | 35.16 | 816.09 | 168.19 | 15.17 | 1072.44 | 234.14 | 0.28 | 86.67 | -22.22 | 62.75 | 653.3 | 219.5 | 103.23 | -43.22 | -43.87 | 46.58 | -61.89 | 180.46 | 53.42 | 340.37 | -66.17 | 5.88 | -78.42 | -43.62 |
| 23Q3 (16) | -0.26 | -186.67 | 50.0 | 34.10 | 6.66 | 270.65 | -14.27 | -242.99 | 19.01 | -11.78 | -176.49 | 13.95 | -11.78 | -177.2 | 15.74 | -4.91 | -185.39 | 46.28 | -1.56 | -166.38 | 39.3 | 0.15 | 7.14 | -25.0 | 8.33 | -78.4 | 342.15 | 181.80 | 10.4 | -24.39 | 122.22 | 83.33 | -4.35 | -22.22 | -158.33 | 20.0 | 27.25 | -8.28 | 6.78 |
| 23Q2 (15) | 0.30 | 139.47 | 266.67 | 31.97 | 45.45 | 605.74 | 9.98 | 161.11 | 140.52 | 15.40 | 186.91 | 289.89 | 15.26 | 186.12 | 287.93 | 5.75 | 143.69 | 254.16 | 2.35 | 155.42 | 328.16 | 0.14 | -46.15 | -6.67 | 38.57 | 749.33 | 731.25 | 164.68 | -14.58 | -17.91 | 66.67 | -27.66 | -77.78 | 38.10 | 385.71 | 119.05 | 29.71 | 104.19 | 1028.44 |
| 23Q1 (14) | -0.76 | -200.0 | -200.0 | 21.98 | 47.81 | -33.11 | -16.33 | -122.18 | -291.22 | -17.72 | -237.05 | -183.08 | -17.72 | -250.42 | -185.56 | -13.16 | -200.38 | -198.72 | -4.24 | -193.39 | -193.81 | 0.26 | -27.78 | 23.81 | -5.94 | -130.24 | -119.23 | 192.79 | 4.83 | -1.55 | 92.16 | 259.18 | 130.39 | 7.84 | -95.03 | -86.93 | 14.55 | 39.5 | 3.85 |
| 22Q4 (13) | 0.76 | 246.15 | 353.33 | 14.87 | 61.63 | 104.54 | -7.35 | 58.29 | -16.85 | 12.93 | 194.45 | 279.09 | 11.78 | 184.26 | 262.26 | 13.11 | 243.44 | 345.97 | 4.54 | 276.65 | 383.75 | 0.36 | 80.0 | 50.0 | 19.64 | 670.93 | 5711.43 | 183.90 | -23.51 | -17.89 | -57.89 | -145.31 | -164.33 | 157.89 | 668.42 | 952.63 | 10.43 | -59.13 | -0.29 |
| 22Q3 (12) | -0.52 | -188.89 | -36.84 | 9.20 | 103.09 | 174.63 | -17.62 | 28.46 | 3.08 | -13.69 | -68.8 | 22.13 | -13.98 | -72.17 | 20.48 | -9.14 | -145.04 | -27.3 | -2.57 | -149.51 | -5.33 | 0.20 | 33.33 | 33.33 | -3.44 | -174.14 | 58.95 | 240.43 | 19.86 | 34.18 | 127.78 | -57.41 | 23.52 | -27.78 | 86.11 | -705.56 | 25.52 | 897.5 | -24.81 |
| 22Q2 (11) | -0.18 | -123.68 | -100.0 | 4.53 | -86.21 | -61.48 | -24.63 | -388.41 | -245.93 | -8.11 | -138.02 | -32.52 | -8.12 | -139.21 | -43.72 | -3.73 | -127.98 | -44.02 | -1.03 | -122.79 | -25.61 | 0.15 | -28.57 | -16.67 | 4.64 | -84.98 | 203.27 | 200.60 | 2.44 | 17.76 | 300.00 | 650.0 | 157.14 | -200.00 | -433.33 | -1100.0 | -3.20 | -122.84 | -142.42 |
| 22Q1 (10) | 0.76 | 353.33 | 1366.67 | 32.86 | 351.99 | 62.83 | 8.54 | 235.77 | 869.37 | 21.33 | 395.43 | 1806.4 | 20.71 | 385.26 | 1311.11 | 13.33 | 350.09 | 1745.68 | 4.52 | 382.5 | 3113.33 | 0.21 | -12.5 | 10.53 | 30.89 | 8925.71 | 478.46 | 195.82 | -12.57 | 28.4 | 40.00 | -55.56 | -40.0 | 60.00 | 300.0 | 0 | 14.01 | 33.94 | -14.1 |
| 21Q4 (9) | -0.30 | 21.05 | 60.0 | 7.27 | 117.01 | 401.66 | -6.29 | 65.4 | 58.54 | -7.22 | 58.93 | 61.12 | -7.26 | 58.7 | 60.88 | -5.33 | 25.77 | 56.63 | -1.60 | 34.43 | 64.37 | 0.24 | 60.0 | -4.0 | -0.35 | 95.82 | 97.46 | 223.97 | 25.0 | 47.45 | 90.00 | -13.0 | 10.93 | 15.00 | 535.0 | -20.5 | 10.46 | -69.18 | 52.26 |
| 21Q3 (8) | -0.38 | -322.22 | -445.45 | 3.35 | -71.51 | -37.73 | -18.18 | -155.34 | -208.66 | -17.58 | -187.25 | -746.32 | -17.58 | -211.15 | -746.32 | -7.18 | -177.22 | -483.96 | -2.44 | -197.56 | -390.48 | 0.15 | -16.67 | -40.0 | -8.38 | -647.71 | -241.08 | 179.18 | 5.18 | 3.4 | 103.45 | -11.33 | 148.68 | -3.45 | 79.31 | -101.1 | 33.94 | 2671.21 | 48.92 |
| 21Q2 (7) | -0.09 | -50.0 | 87.84 | 11.76 | -41.72 | 16.78 | -7.12 | -541.44 | 63.97 | -6.12 | -389.6 | 69.82 | -5.65 | -230.41 | 72.15 | -2.59 | -219.75 | 77.44 | -0.82 | -446.67 | 80.05 | 0.18 | -5.26 | -18.18 | 1.53 | -71.35 | 109.77 | 170.35 | 11.7 | -0.98 | 116.67 | 75.0 | 19.05 | -16.67 | 0 | -933.33 | -1.32 | -108.09 | 0 |
| 21Q1 (6) | -0.06 | 92.0 | 94.83 | 20.18 | 937.34 | 2474.12 | -1.11 | 92.68 | 96.88 | -1.25 | 93.27 | 96.77 | -1.71 | 90.79 | 95.57 | -0.81 | 93.41 | 94.81 | -0.15 | 96.66 | 97.6 | 0.19 | -24.0 | 11.76 | 5.34 | 138.75 | 116.76 | 152.51 | 0.4 | 2.41 | 66.67 | -17.83 | -27.85 | -0.00 | -100.0 | -100.0 | 16.31 | 137.41 | 0 |
| 20Q4 (5) | -0.75 | -781.82 | 76.11 | -2.41 | -144.8 | -132.52 | -15.17 | -157.56 | -22.44 | -18.57 | -782.72 | 55.12 | -18.56 | -782.35 | 55.04 | -12.29 | -757.22 | 62.48 | -4.49 | -634.52 | 70.6 | 0.25 | 0.0 | -34.21 | -13.78 | -331.99 | 64.34 | 151.90 | -12.34 | 14.77 | 81.13 | 138.18 | 170.02 | 18.87 | -93.96 | -73.03 | 6.87 | -69.86 | 12.07 |
| 20Q3 (4) | 0.11 | 114.86 | 0.0 | 5.38 | -46.57 | 0.0 | -5.89 | 70.19 | 0.0 | 2.72 | 113.41 | 0.0 | 2.72 | 113.41 | 0.0 | 1.87 | 116.29 | 0.0 | 0.84 | 120.44 | 0.0 | 0.25 | 13.64 | 0.0 | 5.94 | 137.93 | 0.0 | 173.29 | 0.73 | 0.0 | -212.50 | -316.84 | 0.0 | 312.50 | 15525.0 | 0.0 | 22.79 | 0 | 0.0 |
| 20Q2 (3) | -0.74 | 36.21 | 0.0 | 10.07 | 1284.71 | 0.0 | -19.76 | 44.53 | 0.0 | -20.28 | 47.52 | 0.0 | -20.29 | 47.49 | 0.0 | -11.48 | 26.5 | 0.0 | -4.11 | 34.35 | 0.0 | 0.22 | 29.41 | 0.0 | -15.66 | 50.85 | 0.0 | 172.03 | 15.52 | 0.0 | 98.00 | 6.05 | 0.0 | 2.00 | -73.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.16 | 63.06 | 0.0 | -0.85 | -111.47 | 0.0 | -35.62 | -187.49 | 0.0 | -38.64 | 6.62 | 0.0 | -38.64 | 6.4 | 0.0 | -15.62 | 52.32 | 0.0 | -6.26 | 59.0 | 0.0 | 0.17 | -55.26 | 0.0 | -31.86 | 17.55 | 0.0 | 148.92 | 12.52 | 0.0 | 92.41 | 207.54 | 0.0 | 7.59 | -89.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -3.14 | 0.0 | 0.0 | 7.41 | 0.0 | 0.0 | -12.39 | 0.0 | 0.0 | -41.38 | 0.0 | 0.0 | -41.28 | 0.0 | 0.0 | -32.76 | 0.0 | 0.0 | -15.27 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | -38.64 | 0.0 | 0.0 | 132.35 | 0.0 | 0.0 | 30.05 | 0.0 | 0.0 | 69.95 | 0.0 | 0.0 | 6.13 | 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) | 1.58 | 90.36 | 31.32 | 97.23 | 2.28 | 0 | 8.00 | 65.48 | 12.81 | 143.54 | 12.79 | 176.84 | 23.59 | 73.71 | 10.88 | 95.33 | 0.78 | -19.59 | 27.36 | 89.87 | 103.23 | -43.87 | 17.54 | 0 | 82.46 | -69.7 | 5.46 | -26.44 | 16.18 | 30.91 |
| 2022 (9) | 0.83 | 0 | 15.88 | 49.11 | -9.02 | 0 | 4.83 | -1.98 | 5.26 | 0 | 4.62 | 0 | 13.58 | 0 | 5.57 | 0 | 0.97 | 31.08 | 14.41 | 0 | 183.90 | -17.89 | -172.13 | 0 | 272.13 | 0 | 7.42 | 20.25 | 12.36 | -10.24 |
| 2021 (8) | -0.83 | 0 | 10.65 | 241.35 | -7.56 | 0 | 4.93 | 48.18 | -7.56 | 0 | -7.57 | 0 | -15.95 | 0 | -4.92 | 0 | 0.74 | -14.94 | 0.00 | 0 | 223.97 | 47.45 | 100.00 | -4.4 | -0.00 | 0 | 6.17 | 132.46 | 13.77 | 30.65 |
| 2020 (7) | -2.53 | 0 | 3.12 | -48.68 | -17.77 | 0 | 3.33 | 70.33 | -17.04 | 0 | -17.04 | 0 | -35.60 | 0 | -13.88 | 0 | 0.87 | -42.76 | -12.33 | 0 | 151.90 | 14.77 | 104.60 | 156.47 | -4.60 | 0 | 2.65 | 15.74 | 10.54 | 53.2 |
| 2019 (6) | -3.72 | 0 | 6.08 | 5.37 | -5.10 | 0 | 1.95 | 208.36 | -12.45 | 0 | -12.41 | 0 | -36.49 | 0 | -17.96 | 0 | 1.52 | -13.64 | -9.72 | 0 | 132.35 | 93.44 | 40.78 | -76.01 | 59.22 | 0 | 2.29 | -80.83 | 6.88 | 31.8 |
| 2018 (5) | -0.43 | 0 | 5.77 | 192.89 | -1.27 | 0 | 0.63 | 125.01 | -0.75 | 0 | -1.00 | 0 | -3.62 | 0 | -1.07 | 0 | 1.76 | -18.14 | 0.41 | -54.95 | 68.42 | -55.57 | 170.00 | 0 | -70.00 | 0 | 11.96 | 0 | 5.22 | 214.46 |
| 2017 (4) | 0.24 | -52.0 | 1.97 | -12.44 | -0.80 | 0 | 0.28 | 38.63 | 0.36 | -59.55 | 0.32 | -60.0 | 1.47 | -64.15 | 1.17 | -59.66 | 2.15 | -15.02 | 0.91 | -38.93 | 154.01 | 113.1 | -230.00 | 0 | 330.00 | 436.25 | 0.00 | 0 | 1.66 | 66.0 |
| 2016 (3) | 0.50 | 0 | 2.25 | 341.18 | 0.35 | 0 | 0.20 | -9.69 | 0.89 | 0 | 0.80 | 0 | 4.10 | 0 | 2.90 | 0 | 2.53 | 38.25 | 1.49 | 0 | 72.27 | -45.14 | 38.46 | -78.96 | 61.54 | 0 | 0.00 | 0 | 1.00 | -25.93 |
| 2015 (2) | -0.48 | 0 | 0.51 | -65.07 | -2.38 | 0 | 0.22 | 139.21 | -1.29 | 0 | -1.27 | 0 | -4.87 | 0 | -1.37 | 0 | 1.83 | -2.66 | -0.45 | 0 | 131.74 | 49.67 | 182.76 | 0 | -82.76 | 0 | 0.00 | 0 | 1.35 | -3.57 |
| 2014 (1) | 0.29 | -44.23 | 1.46 | 0 | -0.92 | 0 | 0.09 | 243.89 | 0.50 | 0 | 0.73 | 0 | 2.73 | 0 | 2.19 | 0 | 1.88 | -43.71 | 1.08 | 10.2 | 88.02 | -19.01 | -172.73 | 0 | 272.73 | 172.73 | 0.00 | 0 | 1.40 | 38.61 |
