- 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) | -0.26 | -104.96 | 98.58 | 5.65 | -7.53 | -81.73 | -5.70 | -19.0 | -118.47 | -3.79 | -103.6 | 97.42 | -4.07 | -103.86 | 97.05 | -1.60 | -104.23 | 97.77 | -0.81 | -104.66 | 97.9 | 0.21 | 31.25 | -25.0 | 3.94 | -96.55 | 102.8 | 85.92 | 3.99 | -38.04 | 153.85 | 3520.12 | 831.11 | -53.85 | -151.53 | -144.52 | 18.31 | -22.05 | 2901.64 |
| 24Q2 (19) | 5.24 | 651.58 | 66.88 | 6.11 | 108.0 | -71.04 | -4.79 | 95.59 | -127.36 | 105.16 | 242.63 | 437.63 | 105.51 | 241.43 | 581.15 | 37.82 | 564.62 | 298.11 | 17.40 | 730.43 | 240.51 | 0.16 | 300.0 | -51.52 | 114.23 | 389.63 | 379.15 | 82.62 | -51.53 | 36.09 | -4.50 | -103.04 | -105.03 | 104.50 | 317.36 | 883.23 | 23.49 | -68.3 | 41.85 |
| 24Q1 (18) | -0.95 | 79.26 | -130.65 | -76.39 | 78.94 | -406.54 | -108.56 | 83.64 | -611.59 | -73.73 | 89.35 | -465.0 | -74.60 | 89.04 | -563.07 | -8.14 | 73.51 | -181.4 | -2.76 | 76.0 | -157.14 | 0.04 | 100.0 | -86.67 | -39.44 | 93.66 | -259.68 | 170.47 | -13.61 | 39.25 | 148.08 | 54.27 | 41.03 | -48.08 | -1297.12 | -861.54 | 74.11 | -74.59 | 316.11 |
| 23Q4 (17) | -4.58 | 74.99 | -224.46 | -362.71 | -1272.68 | -1367.33 | -663.64 | -2250.49 | -2726.2 | -692.57 | -371.33 | -3263.86 | -680.64 | -393.29 | -3841.84 | -30.73 | 57.16 | -347.22 | -11.50 | 70.12 | -279.97 | 0.02 | -92.86 | -94.29 | -622.22 | -341.6 | -2463.16 | 197.33 | 42.29 | 100.09 | 95.98 | 556.14 | -16.89 | 4.02 | -96.68 | 125.93 | 291.69 | 47718.03 | 1632.13 |
| 23Q3 (16) | -18.31 | -683.12 | -675.79 | 30.93 | 46.59 | 57.56 | 30.86 | 76.24 | 98.46 | -146.94 | -851.23 | -785.67 | -137.98 | -990.77 | -904.55 | -71.73 | -855.05 | -682.7 | -38.49 | -853.23 | -735.15 | 0.28 | -15.15 | -20.0 | -140.90 | -691.02 | -643.39 | 138.68 | 128.43 | 45.78 | -21.04 | -123.55 | -128.92 | 120.95 | 1038.03 | 336.28 | 0.61 | -96.32 | -96.71 |
| 23Q2 (15) | 3.14 | 1.29 | 7.17 | 21.10 | -15.33 | -1.59 | 17.51 | -17.48 | -1.57 | 19.56 | -3.17 | -4.07 | 15.49 | -3.85 | -6.46 | 9.50 | -5.0 | -22.26 | 5.11 | 5.8 | -17.31 | 0.33 | 10.0 | -10.81 | 23.84 | -3.48 | -3.91 | 60.71 | -50.41 | -47.42 | 89.37 | -14.88 | 2.14 | 10.63 | 312.56 | -14.98 | 16.56 | -7.02 | -27.62 |
| 23Q1 (14) | 3.10 | -15.76 | 77.14 | 24.92 | -12.93 | 38.6 | 21.22 | -16.03 | 60.03 | 20.20 | -7.72 | 29.65 | 16.11 | -11.43 | 29.29 | 10.00 | -19.55 | 30.55 | 4.83 | -24.41 | 17.8 | 0.30 | -14.29 | -9.09 | 24.70 | -6.19 | 18.24 | 122.42 | 24.13 | 51.01 | 105.00 | -9.08 | 23.79 | -5.00 | 67.71 | -132.94 | 17.81 | 5.76 | -15.11 |
| 22Q4 (13) | 3.68 | 15.72 | 138.96 | 28.62 | 45.8 | 61.6 | 25.27 | 62.51 | 100.4 | 21.89 | 2.15 | 77.82 | 18.19 | 6.06 | 71.93 | 12.43 | 0.97 | 71.92 | 6.39 | 5.45 | 71.77 | 0.35 | 0.0 | 0.0 | 26.33 | 1.54 | 52.46 | 98.62 | 3.67 | 3.45 | 115.49 | 58.7 | 13.0 | -15.49 | -155.86 | -604.65 | 16.84 | -9.27 | -22.0 |
| 22Q3 (12) | 3.18 | 8.53 | 109.21 | 19.63 | -8.44 | 7.33 | 15.55 | -12.59 | 14.93 | 21.43 | 5.1 | 56.65 | 17.15 | 3.56 | 56.62 | 12.31 | 0.74 | 59.87 | 6.06 | -1.94 | 54.99 | 0.35 | -5.41 | 0.0 | 25.93 | 4.51 | 39.11 | 95.13 | -17.61 | -1.78 | 72.77 | -16.83 | -26.47 | 27.72 | 121.78 | 2589.11 | 18.56 | -18.88 | 0.87 |
| 22Q2 (11) | 2.93 | 67.43 | 152.59 | 21.44 | 19.24 | 32.02 | 17.79 | 34.16 | 62.17 | 20.39 | 30.87 | 73.38 | 16.56 | 32.91 | 75.98 | 12.22 | 59.53 | 98.06 | 6.18 | 50.73 | 97.44 | 0.37 | 12.12 | 12.12 | 24.81 | 18.76 | 42.91 | 115.47 | 42.43 | 13.28 | 87.50 | 3.16 | -6.16 | 12.50 | -17.65 | 85.0 | 22.88 | 9.06 | 30.0 |
| 22Q1 (10) | 1.75 | 13.64 | 306.98 | 17.98 | 1.52 | 61.26 | 13.26 | 5.15 | 114.56 | 15.58 | 26.56 | 199.62 | 12.46 | 17.77 | 203.16 | 7.66 | 5.95 | 228.76 | 4.10 | 10.22 | 238.84 | 0.33 | -5.71 | 17.86 | 20.89 | 20.96 | 76.44 | 81.07 | -14.96 | -17.63 | 84.82 | -17.0 | -28.03 | 15.18 | 790.62 | 185.0 | 20.98 | -2.83 | 10.25 |
| 21Q4 (9) | 1.54 | 1.32 | 94.94 | 17.71 | -3.17 | -3.44 | 12.61 | -6.8 | 7.5 | 12.31 | -10.01 | 35.42 | 10.58 | -3.38 | 34.43 | 7.23 | -6.1 | 62.11 | 3.72 | -4.86 | 64.6 | 0.35 | 0.0 | 25.0 | 17.27 | -7.35 | 8.07 | 95.33 | -1.57 | -9.49 | 102.20 | 3.26 | -19.95 | -2.20 | -313.19 | 92.62 | 21.59 | 17.34 | 16.01 |
| 21Q3 (8) | 1.52 | 31.03 | 111.11 | 18.29 | 12.62 | 18.54 | 13.53 | 23.34 | 23.11 | 13.68 | 16.33 | 30.78 | 10.95 | 16.37 | 27.33 | 7.70 | 24.8 | 82.03 | 3.91 | 24.92 | 77.73 | 0.35 | 6.06 | 40.0 | 18.64 | 7.37 | 0.76 | 96.85 | -4.98 | -2.09 | 98.97 | 6.14 | -5.24 | 1.03 | -84.74 | 123.2 | 18.40 | 4.55 | -3.66 |
| 21Q2 (7) | 1.16 | 169.77 | 652.38 | 16.24 | 45.65 | 339.18 | 10.97 | 77.51 | 171.89 | 11.76 | 126.15 | 201.47 | 9.41 | 128.95 | 311.94 | 6.17 | 164.81 | 618.49 | 3.13 | 158.68 | 701.92 | 0.33 | 17.86 | 153.85 | 17.36 | 46.62 | 726.67 | 101.93 | 3.57 | 6.77 | 93.24 | -20.88 | -27.48 | 6.76 | 137.84 | 121.02 | 17.60 | -7.51 | 0 |
| 21Q1 (6) | 0.43 | -45.57 | 138.89 | 11.15 | -39.2 | 38.0 | 6.18 | -47.31 | 175.89 | 5.20 | -42.79 | 89.78 | 4.11 | -47.78 | 87.67 | 2.33 | -47.76 | 140.21 | 1.21 | -46.46 | 124.07 | 0.28 | 0.0 | 21.74 | 11.84 | -25.91 | 15.06 | 98.42 | -6.56 | -10.97 | 117.86 | -7.68 | 44.05 | -17.86 | 40.05 | -198.21 | 19.03 | 2.26 | -13.18 |
| 20Q4 (5) | 0.79 | 9.72 | 119.44 | 18.34 | 18.86 | 61.44 | 11.73 | 6.73 | 87.98 | 9.09 | -13.1 | 107.06 | 7.87 | -8.49 | 104.42 | 4.46 | 5.44 | 123.0 | 2.26 | 2.73 | 85.25 | 0.28 | 12.0 | -9.68 | 15.98 | -13.62 | 50.47 | 105.33 | 6.48 | 47.19 | 127.66 | 22.23 | -7.56 | -29.79 | -570.21 | 30.5 | 18.61 | -2.57 | 1.97 |
| 20Q3 (4) | 0.72 | 442.86 | 0.0 | 15.43 | 327.25 | 0.0 | 10.99 | 172.02 | 0.0 | 10.46 | 190.25 | 0.0 | 8.60 | 293.69 | 0.0 | 4.23 | 455.46 | 0.0 | 2.20 | 523.08 | 0.0 | 0.25 | 92.31 | 0.0 | 18.50 | 780.95 | 0.0 | 98.92 | 3.61 | 0.0 | 104.44 | -18.77 | 0.0 | -4.44 | 86.17 | 0.0 | 19.10 | 0 | 0.0 |
| 20Q2 (3) | -0.21 | -216.67 | 0.0 | -6.79 | -184.03 | 0.0 | -15.26 | -781.25 | 0.0 | -11.59 | -522.99 | 0.0 | -4.44 | -302.74 | 0.0 | -1.19 | -222.68 | 0.0 | -0.52 | -196.3 | 0.0 | 0.13 | -43.48 | 0.0 | 2.10 | -79.59 | 0.0 | 95.47 | -13.64 | 0.0 | 128.57 | 57.14 | 0.0 | -32.14 | -276.79 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.18 | -50.0 | 0.0 | 8.08 | -28.87 | 0.0 | 2.24 | -64.1 | 0.0 | 2.74 | -37.59 | 0.0 | 2.19 | -43.12 | 0.0 | 0.97 | -51.5 | 0.0 | 0.54 | -55.74 | 0.0 | 0.23 | -25.81 | 0.0 | 10.29 | -3.11 | 0.0 | 110.55 | 54.49 | 0.0 | 81.82 | -40.75 | 0.0 | 18.18 | 142.42 | 0.0 | 21.92 | 20.11 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 11.36 | 0.0 | 0.0 | 6.24 | 0.0 | 0.0 | 4.39 | 0.0 | 0.0 | 3.85 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 10.62 | 0.0 | 0.0 | 71.56 | 0.0 | 0.0 | 138.10 | 0.0 | 0.0 | -42.86 | 0.0 | 0.0 | 18.25 | 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) | -17.40 | 0 | 20.09 | -10.07 | 13.58 | -26.4 | 5.19 | 16.76 | -32.59 | 0 | -33.08 | 0 | -80.86 | 0 | -35.19 | 0 | 1.07 | -19.55 | -26.96 | 0 | 197.33 | 100.09 | -41.70 | 0 | 141.70 | 1581.85 | 0.00 | 0 | 16.37 | -16.61 |
| 2022 (9) | 11.55 | 148.92 | 22.34 | 38.07 | 18.45 | 65.32 | 4.45 | -15.35 | 20.13 | 81.35 | 16.36 | 80.18 | 42.82 | 85.29 | 21.87 | 86.29 | 1.33 | 4.72 | 24.76 | 49.52 | 98.62 | 3.45 | 91.71 | -8.6 | 8.43 | 0 | 0.03 | -32.1 | 19.63 | 2.03 |
| 2021 (8) | 4.64 | 213.51 | 16.18 | 45.11 | 11.16 | 121.43 | 5.25 | -35.38 | 11.10 | 135.17 | 9.08 | 90.76 | 23.11 | 182.52 | 11.74 | 158.02 | 1.27 | 39.56 | 16.56 | 25.74 | 95.33 | -9.49 | 100.34 | -5.93 | -0.34 | 0 | 0.05 | -56.63 | 19.24 | -8.42 |
| 2020 (7) | 1.48 | -41.5 | 11.15 | -23.47 | 5.04 | -43.05 | 8.13 | 44.48 | 4.72 | -46.12 | 4.76 | -33.15 | 8.18 | -44.58 | 4.55 | -50.81 | 0.91 | -28.91 | 13.17 | -9.55 | 105.33 | 47.19 | 106.67 | 6.0 | -6.67 | 0 | 0.11 | 65.53 | 21.01 | 13.57 |
| 2019 (6) | 2.53 | 60.13 | 14.57 | 31.38 | 8.85 | 69.54 | 5.63 | -0.06 | 8.76 | 50.77 | 7.12 | 39.33 | 14.76 | 46.57 | 9.25 | 29.92 | 1.28 | -7.91 | 14.56 | 27.16 | 71.56 | 40.7 | 100.63 | 11.54 | -0.63 | 0 | 0.06 | -60.25 | 18.50 | 6.94 |
| 2018 (5) | 1.58 | 731.58 | 11.09 | 39.5 | 5.22 | 141.67 | 5.63 | -4.43 | 5.81 | 453.33 | 5.11 | 674.24 | 10.07 | 725.41 | 7.12 | 641.67 | 1.39 | -4.14 | 11.45 | 62.64 | 50.86 | 62.23 | 90.22 | -57.71 | 9.78 | 0 | 0.16 | 0 | 17.30 | 9.29 |
| 2017 (4) | 0.19 | -91.2 | 7.95 | -52.02 | 2.16 | -78.05 | 5.89 | -8.43 | 1.05 | -89.09 | 0.66 | -91.81 | 1.22 | -91.13 | 0.96 | -91.42 | 1.45 | 4.32 | 7.04 | -57.77 | 31.35 | 29.76 | 213.33 | 108.59 | -106.67 | 0 | 0.00 | 0 | 15.83 | -20.01 |
| 2016 (3) | 2.16 | -12.2 | 16.57 | -5.69 | 9.84 | -6.2 | 6.43 | -11.88 | 9.62 | -14.18 | 8.06 | -18.17 | 13.76 | -21.28 | 11.19 | -16.74 | 1.39 | 2.96 | 16.67 | -14.03 | 24.16 | 11.8 | 102.27 | 9.14 | -2.27 | 0 | 0.00 | 0 | 19.79 | 0.92 |
| 2015 (2) | 2.46 | 392.0 | 17.57 | 62.08 | 10.49 | 295.85 | 7.30 | -18.29 | 11.21 | 293.33 | 9.85 | 364.62 | 17.48 | 357.59 | 13.44 | 392.31 | 1.35 | 21.62 | 19.39 | 46.67 | 21.61 | -49.45 | 93.71 | 0.17 | 6.29 | -2.45 | 0.00 | 0 | 19.61 | -0.81 |
| 2014 (1) | 0.50 | -67.32 | 10.84 | 0 | 2.65 | 0 | 8.93 | 13.72 | 2.85 | 0 | 2.12 | 0 | 3.82 | 0 | 2.73 | 0 | 1.11 | -1.77 | 13.22 | -15.42 | 42.75 | -50.83 | 93.55 | -11.25 | 6.45 | 0 | 0.00 | 0 | 19.77 | 14.21 |
