- 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) | 0.91 | -59.19 | -64.73 | 40.55 | -3.98 | 2.79 | 20.91 | -10.14 | 3.57 | 12.78 | -61.47 | -65.08 | 10.23 | -61.44 | -65.06 | 1.90 | -59.49 | -67.13 | 1.48 | -58.19 | -65.09 | 0.14 | 7.69 | 0.0 | 20.31 | -50.51 | -53.62 | 28.16 | -18.8 | -23.58 | 161.90 | 132.6 | 193.92 | -61.90 | -310.48 | -237.83 | 15.46 | -1.59 | 0.59 |
| 24Q2 (19) | 2.23 | 13.2 | 6.7 | 42.23 | 15.79 | 11.96 | 23.27 | 85.86 | 23.51 | 33.17 | -15.49 | 9.73 | 26.53 | -15.51 | 9.63 | 4.69 | 11.14 | -4.48 | 3.54 | 11.32 | -1.94 | 0.13 | 30.0 | -13.33 | 41.04 | -16.82 | 8.98 | 34.68 | 5.35 | -8.86 | 69.61 | 116.02 | 11.37 | 29.41 | -56.61 | -21.57 | 15.71 | -23.14 | 1.95 |
| 24Q1 (18) | 1.97 | 995.45 | 121.35 | 36.47 | -4.13 | -5.98 | 12.52 | -13.66 | -22.28 | 39.25 | 1135.62 | 146.86 | 31.40 | 1197.9 | 146.86 | 4.22 | 961.22 | 95.37 | 3.18 | 1125.81 | 97.52 | 0.10 | -23.08 | -16.67 | 49.34 | 982.02 | 97.36 | 32.92 | -8.12 | -9.76 | 32.22 | 108.64 | -67.78 | 67.78 | -85.66 | 2878.89 | 20.44 | -0.39 | 14.45 |
| 23Q4 (17) | -0.22 | -108.53 | 53.19 | 38.04 | -3.57 | 32.04 | 14.50 | -28.18 | 556.11 | -3.79 | -110.36 | 65.42 | -2.86 | -109.77 | 62.12 | -0.49 | -108.48 | 56.64 | -0.31 | -107.31 | 61.73 | 0.13 | -7.14 | 18.18 | 4.56 | -89.59 | 618.18 | 35.83 | -2.77 | -0.22 | -372.73 | -776.64 | -1763.64 | 472.73 | 952.49 | 293.94 | 20.52 | 33.51 | 1.89 |
| 23Q3 (16) | 2.58 | 23.44 | 230.3 | 39.45 | 4.59 | 210.16 | 20.19 | 7.17 | 130.76 | 36.60 | 21.07 | 192.94 | 29.28 | 20.99 | 191.02 | 5.78 | 17.72 | 223.5 | 4.24 | 17.45 | 221.14 | 0.14 | -6.67 | 27.27 | 43.79 | 16.28 | 249.3 | 36.85 | -3.15 | 3.98 | 55.08 | -11.86 | -66.87 | 44.92 | 19.77 | 167.75 | 15.37 | -0.26 | -28.78 |
| 23Q2 (15) | 2.09 | 134.83 | 20.81 | 37.72 | -2.76 | 4.2 | 18.84 | 16.95 | 35.73 | 30.23 | 90.13 | 13.48 | 24.20 | 90.25 | 13.56 | 4.91 | 127.31 | 20.94 | 3.61 | 124.22 | 14.6 | 0.15 | 25.0 | 0.0 | 37.66 | 50.64 | 9.67 | 38.05 | 4.3 | 24.84 | 62.50 | -37.5 | 20.43 | 37.50 | 1637.5 | -22.04 | 15.41 | -13.72 | -7.28 |
| 23Q1 (14) | 0.89 | 289.36 | -32.58 | 38.79 | 34.64 | 16.45 | 16.11 | 628.96 | 56.41 | 15.90 | 245.07 | -21.94 | 12.72 | 268.48 | -21.92 | 2.16 | 291.15 | -32.29 | 1.61 | 298.77 | -34.29 | 0.12 | 9.09 | -20.0 | 25.00 | 2940.91 | -10.55 | 36.48 | 1.59 | 27.06 | 100.00 | 600.0 | 96.77 | -2.44 | -102.03 | -104.96 | 17.86 | -11.32 | 7.14 |
| 22Q4 (13) | -0.47 | 76.26 | -361.11 | 28.81 | 180.45 | 14.83 | 2.21 | 103.37 | -6.36 | -10.96 | 72.17 | -772.39 | -7.55 | 76.53 | -446.33 | -1.13 | 75.85 | -362.79 | -0.81 | 76.86 | -331.43 | 0.11 | 0.0 | -26.67 | -0.88 | 97.0 | -109.59 | 35.91 | 1.33 | 7.55 | -20.00 | -112.03 | -114.29 | 120.00 | 281.02 | 400.0 | 20.14 | -6.67 | 32.24 |
| 22Q3 (12) | -1.98 | -214.45 | -371.43 | -35.81 | -198.92 | -284.3 | -65.63 | -572.84 | -620.42 | -39.38 | -247.82 | -376.18 | -32.17 | -250.96 | -386.69 | -4.68 | -215.27 | -354.37 | -3.50 | -211.11 | -354.55 | 0.11 | -26.67 | -8.33 | -29.33 | -185.41 | -2373.64 | 35.44 | 16.27 | 41.87 | 166.29 | 220.42 | 50.45 | -66.29 | -237.82 | -529.78 | 21.58 | 29.84 | 1.41 |
| 22Q2 (11) | 1.73 | 31.06 | 981.25 | 36.20 | 8.68 | 19.39 | 13.88 | 34.76 | 61.02 | 26.64 | 30.78 | 969.88 | 21.31 | 30.82 | 976.26 | 4.06 | 27.27 | 997.3 | 3.15 | 28.57 | 950.0 | 0.15 | 0.0 | 7.14 | 34.34 | 22.86 | 242.37 | 30.48 | 6.17 | -14.72 | 51.90 | 2.12 | -85.47 | 48.10 | -2.19 | 118.71 | 16.62 | -0.3 | -7.72 |
| 22Q1 (10) | 1.32 | 633.33 | 7.32 | 33.31 | 32.76 | -7.27 | 10.30 | 336.44 | -36.73 | 20.37 | 1149.69 | 12.98 | 16.29 | 647.25 | 12.97 | 3.19 | 641.86 | 10.76 | 2.45 | 600.0 | 9.87 | 0.15 | 0.0 | 0.0 | 27.95 | 204.47 | 12.16 | 28.71 | -14.02 | 1.56 | 50.82 | -63.7 | -44.2 | 49.18 | 222.95 | 450.82 | 16.67 | 9.46 | 5.24 |
| 21Q4 (9) | 0.18 | 142.86 | -84.87 | 25.09 | 29.13 | -38.25 | 2.36 | 125.91 | -88.67 | 1.63 | 119.71 | -88.74 | 2.18 | 132.98 | -82.75 | 0.43 | 141.75 | -84.97 | 0.35 | 145.45 | -83.87 | 0.15 | 25.0 | -11.76 | 9.18 | 611.63 | -56.14 | 33.39 | 33.67 | 0.3 | 140.00 | 26.67 | -2.78 | -40.00 | -280.0 | 9.09 | 15.23 | -28.43 | -4.81 |
| 21Q3 (8) | -0.42 | -362.5 | -129.37 | 19.43 | -35.92 | -50.0 | -9.11 | -205.68 | -141.47 | -8.27 | -432.13 | -146.67 | -6.61 | -433.84 | -146.61 | -1.03 | -378.38 | -129.1 | -0.77 | -356.67 | -128.73 | 0.12 | -14.29 | -36.84 | 1.29 | -87.14 | -94.6 | 24.98 | -30.11 | -24.78 | 110.53 | -69.05 | -11.31 | -10.53 | 95.91 | 57.24 | 21.28 | 18.16 | 52.76 |
| 21Q2 (7) | 0.16 | -86.99 | -84.62 | 30.32 | -15.59 | -23.2 | 8.62 | -47.05 | -57.39 | 2.49 | -86.19 | -83.47 | 1.98 | -86.27 | -83.43 | 0.37 | -87.15 | -85.88 | 0.30 | -86.55 | -85.22 | 0.14 | -6.67 | -17.65 | 10.03 | -59.75 | -54.28 | 35.74 | 26.42 | 7.3 | 357.14 | 292.16 | 163.74 | -257.14 | -2980.0 | -626.05 | 18.01 | 13.7 | 0 |
| 21Q1 (6) | 1.23 | 3.36 | 38.2 | 35.92 | -11.59 | -4.54 | 16.28 | -21.84 | 14.97 | 18.03 | 24.6 | -2.86 | 14.42 | 14.08 | -2.9 | 2.88 | 0.7 | 28.0 | 2.23 | 2.76 | 26.7 | 0.15 | -11.76 | 25.0 | 24.92 | 19.06 | -12.99 | 28.27 | -15.08 | 0.04 | 91.07 | -36.76 | 20.45 | 8.93 | 120.29 | -63.39 | 15.84 | -1.0 | -22.28 |
| 20Q4 (5) | 1.19 | -16.78 | 46.91 | 40.63 | 4.55 | 0.77 | 20.83 | -5.19 | 4.1 | 14.47 | -18.34 | 23.68 | 12.64 | -10.86 | 25.02 | 2.86 | -19.21 | 37.5 | 2.17 | -19.03 | 35.62 | 0.17 | -10.53 | 6.25 | 20.93 | -12.46 | 11.09 | 33.29 | 0.24 | 6.39 | 144.00 | 15.56 | -15.59 | -44.00 | -78.75 | 37.67 | 16.00 | 14.86 | 6.95 |
| 20Q3 (4) | 1.43 | 37.5 | 0.0 | 38.86 | -1.57 | 0.0 | 21.97 | 8.6 | 0.0 | 17.72 | 17.66 | 0.0 | 14.18 | 18.66 | 0.0 | 3.54 | 35.11 | 0.0 | 2.68 | 32.02 | 0.0 | 0.19 | 11.76 | 0.0 | 23.91 | 8.98 | 0.0 | 33.21 | -0.3 | 0.0 | 124.62 | -7.98 | 0.0 | -24.62 | 30.5 | 0.0 | 13.93 | 0 | 0.0 |
| 20Q2 (3) | 1.04 | 16.85 | 0.0 | 39.48 | 4.92 | 0.0 | 20.23 | 42.87 | 0.0 | 15.06 | -18.86 | 0.0 | 11.95 | -19.53 | 0.0 | 2.62 | 16.44 | 0.0 | 2.03 | 15.34 | 0.0 | 0.17 | 41.67 | 0.0 | 21.94 | -23.39 | 0.0 | 33.31 | 17.87 | 0.0 | 135.42 | 79.1 | 0.0 | -35.42 | -245.21 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.89 | 9.88 | 0.0 | 37.63 | -6.67 | 0.0 | 14.16 | -29.24 | 0.0 | 18.56 | 58.63 | 0.0 | 14.85 | 46.88 | 0.0 | 2.25 | 8.17 | 0.0 | 1.76 | 10.0 | 0.0 | 0.12 | -25.0 | 0.0 | 28.64 | 52.02 | 0.0 | 28.26 | -9.68 | 0.0 | 75.61 | -55.68 | 0.0 | 24.39 | 134.55 | 0.0 | 20.38 | 36.23 | 0.0 |
| 19Q4 (1) | 0.81 | 0.0 | 0.0 | 40.32 | 0.0 | 0.0 | 20.01 | 0.0 | 0.0 | 11.70 | 0.0 | 0.0 | 10.11 | 0.0 | 0.0 | 2.08 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 18.84 | 0.0 | 0.0 | 31.29 | 0.0 | 0.0 | 170.59 | 0.0 | 0.0 | -70.59 | 0.0 | 0.0 | 14.96 | 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) | 5.33 | 773.77 | 38.50 | 110.61 | 17.56 | 0 | 7.54 | -9.4 | 20.62 | 718.25 | 16.54 | 672.9 | 12.32 | 721.33 | 9.21 | 673.95 | 0.55 | 5.77 | 28.64 | 155.71 | 35.83 | -0.22 | 85.19 | 0 | 14.81 | -96.03 | 0.13 | -32.77 | 17.17 | -6.99 |
| 2022 (9) | 0.61 | -46.49 | 18.28 | -35.31 | -6.77 | 0 | 8.33 | 11.8 | 2.52 | -42.2 | 2.14 | -42.32 | 1.50 | -45.65 | 1.19 | -44.65 | 0.52 | -7.14 | 11.20 | -7.82 | 35.91 | 7.55 | -273.08 | 0 | 373.08 | 0 | 0.20 | 30.51 | 18.46 | 6.4 |
| 2021 (8) | 1.14 | -74.95 | 28.26 | -28.07 | 5.46 | -72.48 | 7.45 | 8.33 | 4.36 | -73.25 | 3.71 | -72.13 | 2.76 | -75.36 | 2.15 | -74.88 | 0.56 | -12.5 | 12.15 | -48.3 | 33.39 | 0.3 | 126.53 | 4.08 | -24.49 | 0 | 0.15 | -38.07 | 17.35 | 9.26 |
| 2020 (7) | 4.55 | 92.8 | 39.29 | 12.45 | 19.84 | 70.74 | 6.87 | -15.6 | 16.30 | 54.21 | 13.31 | 57.33 | 11.20 | 84.51 | 8.56 | 75.05 | 0.64 | 14.29 | 23.50 | 23.42 | 33.29 | 6.39 | 121.57 | 11.27 | -21.57 | 0 | 0.24 | 128.71 | 15.88 | -9.82 |
| 2019 (6) | 2.36 | -16.31 | 34.94 | 6.04 | 11.62 | 15.97 | 8.15 | 3.14 | 10.57 | -17.36 | 8.46 | -16.81 | 6.07 | -18.19 | 4.89 | -18.36 | 0.56 | -5.08 | 19.04 | -8.59 | 31.29 | 35.69 | 109.26 | 39.25 | -10.19 | 0 | 0.11 | 84.36 | 17.61 | -0.28 |
| 2018 (5) | 2.82 | 2.17 | 32.95 | -9.6 | 10.02 | -38.64 | 7.90 | 0.81 | 12.79 | 6.32 | 10.17 | 4.31 | 7.42 | -0.93 | 5.99 | -0.17 | 0.59 | -3.28 | 20.83 | 4.05 | 23.06 | -11.0 | 78.46 | -42.43 | 21.54 | 0 | 0.06 | 0 | 17.66 | 1.26 |
| 2017 (4) | 2.76 | 16.46 | 36.45 | 11.91 | 16.33 | 32.44 | 7.83 | -20.84 | 12.03 | 0.0 | 9.75 | -2.3 | 7.49 | 11.13 | 6.00 | 10.29 | 0.61 | 12.96 | 20.02 | -9.37 | 25.91 | 1.61 | 136.29 | 32.47 | -35.48 | 0 | 0.00 | 0 | 17.44 | -9.73 |
| 2016 (3) | 2.37 | 0 | 32.57 | 21.71 | 12.33 | 0 | 9.90 | -31.43 | 12.03 | 1482.89 | 9.98 | 0 | 6.74 | 0 | 5.44 | 0 | 0.54 | 31.71 | 22.09 | 41.51 | 25.50 | 6.87 | 102.88 | 0 | -2.88 | 0 | 0.00 | 0 | 19.32 | -18.79 |
| 2015 (2) | -0.18 | 0 | 26.76 | -12.63 | -2.18 | 0 | 14.43 | 42.73 | 0.76 | -96.86 | -0.95 | 0 | -0.50 | 0 | -0.32 | 0 | 0.41 | -28.07 | 15.61 | -55.05 | 23.86 | -22.76 | -300.00 | 0 | 400.00 | 586.96 | 0.00 | 0 | 23.79 | 31.22 |
| 2014 (1) | 5.69 | 66.37 | 30.63 | 0 | 10.10 | 0 | 10.11 | 9.91 | 24.20 | 0 | 21.27 | 0 | 16.62 | 0 | 12.28 | 0 | 0.57 | -17.39 | 34.73 | 59.02 | 30.89 | -28.51 | 41.77 | -47.51 | 58.23 | 185.12 | 0.00 | 0 | 18.13 | 10.35 |
