- 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) | 1.10 | 400.0 | -37.14 | 32.36 | 6.76 | 9.77 | 14.22 | 179.37 | 9.81 | 11.50 | 182.56 | -7.18 | 7.54 | 257.35 | -33.04 | 4.94 | 384.31 | -49.9 | 2.46 | 296.77 | -36.76 | 0.30 | 30.43 | -9.09 | 15.34 | 70.07 | -4.9 | 101.57 | -22.41 | -37.75 | 123.81 | 0.88 | 18.91 | -23.81 | -4.76 | -477.38 | 25.37 | -19.69 | 19.44 |
| 24Q2 (19) | 0.22 | -68.12 | -71.79 | 30.31 | 1.13 | 14.55 | 5.09 | -39.48 | -43.76 | 4.07 | -54.73 | -54.32 | 2.11 | -63.11 | -67.49 | 1.02 | -67.1 | -78.39 | 0.62 | -63.1 | -68.53 | 0.23 | -11.54 | -14.81 | 9.02 | -33.77 | -33.68 | 130.91 | 36.32 | -21.5 | 122.73 | 29.95 | 20.5 | -22.73 | -406.82 | -1127.27 | 31.59 | 17.92 | 14.25 |
| 24Q1 (18) | 0.69 | -76.12 | -38.39 | 29.97 | -18.23 | -12.9 | 8.41 | -59.9 | -37.14 | 8.99 | -55.69 | -29.93 | 5.72 | -62.44 | -47.23 | 3.10 | -78.46 | -55.97 | 1.68 | -73.03 | -39.13 | 0.26 | -35.0 | 8.33 | 13.62 | -41.42 | -24.5 | 96.03 | -16.28 | -40.7 | 94.44 | -8.39 | -9.6 | 7.41 | 339.51 | 265.43 | 26.79 | 35.3 | -14.22 |
| 23Q4 (17) | 2.89 | 65.14 | 162.73 | 36.65 | 24.32 | 10.56 | 20.97 | 61.93 | 49.25 | 20.29 | 63.76 | 57.78 | 15.23 | 35.26 | 61.33 | 14.39 | 45.94 | 94.72 | 6.23 | 60.15 | 125.72 | 0.40 | 21.21 | 48.15 | 23.25 | 44.14 | 31.8 | 114.71 | -29.69 | -37.51 | 103.09 | -0.99 | -5.71 | -3.09 | 25.0 | 66.86 | 19.80 | -6.78 | -24.51 |
| 23Q3 (16) | 1.75 | 124.36 | 63.55 | 29.48 | 11.41 | -2.32 | 12.95 | 43.09 | 14.4 | 12.39 | 39.06 | -2.44 | 11.26 | 73.5 | 10.94 | 9.86 | 108.9 | 24.03 | 3.89 | 97.46 | 30.54 | 0.33 | 22.22 | 22.22 | 16.13 | 18.6 | -9.84 | 163.16 | -2.16 | -14.35 | 104.12 | 2.23 | 16.27 | -4.12 | -122.68 | -139.47 | 21.24 | -23.18 | -20.48 |
| 23Q2 (15) | 0.78 | -30.36 | 179.59 | 26.46 | -23.1 | 127.71 | 9.05 | -32.36 | 144.76 | 8.91 | -30.55 | 142.69 | 6.49 | -40.13 | 135.9 | 4.72 | -32.95 | 164.84 | 1.97 | -28.62 | 177.56 | 0.27 | 12.5 | 80.0 | 13.60 | -24.61 | 223.3 | 166.77 | 2.99 | -7.64 | 101.85 | -2.51 | 5.56 | -1.85 | 58.64 | -152.78 | 27.65 | -11.46 | -32.64 |
| 23Q1 (14) | 1.12 | 1.82 | 303.64 | 34.41 | 3.8 | 82.64 | 13.38 | -4.77 | 217.99 | 12.83 | -0.23 | 232.54 | 10.84 | 14.83 | 222.9 | 7.04 | -4.74 | 280.98 | 2.76 | 0.0 | 304.44 | 0.24 | -11.11 | 41.18 | 18.04 | 2.27 | 1509.38 | 161.93 | -11.78 | 3.89 | 104.48 | -4.44 | -10.45 | -4.48 | 52.03 | 73.13 | 31.23 | 19.06 | -11.58 |
| 22Q4 (13) | 1.10 | 2.8 | 48.65 | 33.15 | 9.84 | 42.58 | 14.05 | 24.12 | 238.55 | 12.86 | 1.26 | 118.34 | 9.44 | -7.0 | 20.87 | 7.39 | -7.04 | 38.39 | 2.76 | -7.38 | 24.32 | 0.27 | 0.0 | 3.85 | 17.64 | -1.4 | 53.26 | 183.56 | -3.64 | 16.35 | 109.33 | 22.09 | 53.07 | -9.33 | -189.33 | -132.67 | 26.23 | -1.8 | 14.69 |
| 22Q3 (12) | 1.07 | 209.18 | 991.67 | 30.18 | 159.72 | 43.44 | 11.32 | 155.98 | 562.04 | 12.70 | 160.85 | 2181.97 | 10.15 | 156.14 | 683.33 | 7.95 | 209.2 | 1013.79 | 2.98 | 217.32 | 1962.5 | 0.27 | 80.0 | 42.11 | 17.89 | 262.19 | 156.3 | 190.49 | 5.5 | 16.13 | 89.55 | -7.19 | -77.61 | 10.45 | 197.76 | 103.48 | 26.71 | -34.93 | -8.96 |
| 22Q2 (11) | -0.98 | -78.18 | -653.85 | 11.62 | -38.32 | -46.84 | -20.22 | -78.31 | -429.32 | -20.87 | -115.6 | -1034.24 | -18.08 | -104.99 | -831.96 | -7.28 | -87.15 | -700.0 | -2.54 | -88.15 | -1236.84 | 0.15 | -11.76 | -16.67 | -11.03 | -761.72 | -283.22 | 180.56 | 15.84 | 13.12 | 96.49 | -17.29 | -55.47 | 3.51 | 121.05 | 103.01 | 41.05 | 16.22 | 21.13 |
| 22Q1 (10) | -0.55 | -174.32 | -44.74 | 18.84 | -18.97 | -0.58 | -11.34 | -373.25 | 1.9 | -9.68 | -264.35 | -50.78 | -8.82 | -212.93 | -22.67 | -3.89 | -172.85 | -49.62 | -1.35 | -160.81 | -51.69 | 0.17 | -34.62 | 21.43 | -1.28 | -111.12 | -156.64 | 155.87 | -1.2 | -4.85 | 116.67 | 63.33 | -36.02 | -16.67 | -158.33 | 79.76 | 35.32 | 54.44 | -10.7 |
| 21Q4 (9) | 0.74 | 716.67 | 324.24 | 23.25 | 10.5 | 976.39 | 4.15 | 269.39 | 118.43 | 5.89 | 1065.57 | 144.55 | 7.81 | 548.85 | 207.58 | 5.34 | 713.79 | 342.73 | 2.22 | 1487.5 | 374.07 | 0.26 | 36.84 | 116.67 | 11.51 | 64.9 | 289.93 | 157.77 | -3.82 | 6.47 | 71.43 | -82.14 | -57.42 | 28.57 | 109.52 | 140.26 | 22.87 | -22.05 | -30.86 |
| 21Q3 (8) | -0.12 | 7.69 | -340.0 | 21.04 | -3.75 | -6.57 | -2.45 | 35.86 | 72.38 | -0.61 | 66.85 | -135.47 | -1.74 | 10.31 | -232.82 | -0.87 | 4.4 | -355.88 | -0.16 | 15.79 | -172.73 | 0.19 | 5.56 | 72.73 | 6.98 | 15.95 | -30.89 | 164.03 | 2.76 | 16.86 | 400.00 | 84.62 | 166.67 | -300.00 | -157.14 | -142.86 | 29.34 | -13.43 | -30.69 |
| 21Q2 (7) | -0.13 | 65.79 | 71.74 | 21.86 | 15.36 | 259.54 | -3.82 | 66.96 | 90.11 | -1.84 | 71.34 | 90.47 | -1.94 | 73.02 | 86.86 | -0.91 | 65.0 | 68.84 | -0.19 | 78.65 | 83.62 | 0.18 | 28.57 | 100.0 | 6.02 | 166.37 | 185.39 | 159.62 | -2.56 | 15.31 | 216.67 | 18.82 | 8.33 | -116.67 | -41.67 | -16.67 | 33.89 | -14.31 | -41.79 |
| 21Q1 (6) | -0.38 | -15.15 | 74.83 | 18.95 | 777.31 | 351.19 | -11.56 | 48.67 | 75.24 | -6.42 | 51.44 | 86.75 | -7.19 | 0.96 | 81.74 | -2.60 | -18.18 | 70.55 | -0.89 | -9.88 | 78.02 | 0.14 | 16.67 | 40.0 | 2.26 | 137.29 | 105.94 | 163.82 | 10.55 | 29.41 | 182.35 | 8.71 | 88.43 | -82.35 | -16.04 | -2652.94 | 39.55 | 19.56 | -40.78 |
| 20Q4 (5) | -0.33 | -760.0 | -128.21 | 2.16 | -90.41 | -92.77 | -22.52 | -153.89 | -276.49 | -13.22 | -868.6 | -205.59 | -7.26 | -654.2 | -168.82 | -2.20 | -747.06 | -134.32 | -0.81 | -468.18 | -124.62 | 0.12 | 9.09 | -60.0 | -6.06 | -160.0 | -138.65 | 148.18 | 5.56 | 45.02 | 167.74 | 127.96 | 63.02 | -70.97 | -110.14 | -4796.77 | 33.08 | -21.85 | 42.46 |
| 20Q3 (4) | 0.05 | 110.87 | 0.0 | 22.52 | 270.39 | 0.0 | -8.87 | 77.03 | 0.0 | 1.72 | 108.91 | 0.0 | 1.31 | 108.88 | 0.0 | 0.34 | 111.64 | 0.0 | 0.22 | 118.97 | 0.0 | 0.11 | 22.22 | 0.0 | 10.10 | 243.26 | 0.0 | 140.37 | 1.4 | 0.0 | -600.00 | -400.0 | 0.0 | 700.00 | 800.0 | 0.0 | 42.33 | -27.29 | 0.0 |
| 20Q2 (3) | -0.46 | 69.54 | 0.0 | 6.08 | 44.76 | 0.0 | -38.62 | 17.27 | 0.0 | -19.30 | 60.18 | 0.0 | -14.76 | 62.52 | 0.0 | -2.92 | 66.93 | 0.0 | -1.16 | 71.36 | 0.0 | 0.09 | -10.0 | 0.0 | -7.05 | 81.46 | 0.0 | 138.43 | 9.35 | 0.0 | 200.00 | 106.67 | 0.0 | -100.00 | -3200.0 | 0.0 | 58.22 | -12.82 | 0.0 |
| 20Q1 (2) | -1.51 | -229.06 | 0.0 | 4.20 | -85.94 | 0.0 | -46.68 | -465.83 | 0.0 | -48.47 | -487.14 | 0.0 | -39.38 | -473.27 | 0.0 | -8.83 | -237.75 | 0.0 | -4.05 | -223.1 | 0.0 | 0.10 | -66.67 | 0.0 | -38.02 | -342.47 | 0.0 | 126.59 | 23.89 | 0.0 | 96.77 | -5.95 | 0.0 | 3.23 | 322.58 | 0.0 | 66.78 | 187.6 | 0.0 |
| 19Q4 (1) | 1.17 | 0.0 | 0.0 | 29.88 | 0.0 | 0.0 | 12.76 | 0.0 | 0.0 | 12.52 | 0.0 | 0.0 | 10.55 | 0.0 | 0.0 | 6.41 | 0.0 | 0.0 | 3.29 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 15.68 | 0.0 | 0.0 | 102.18 | 0.0 | 0.0 | 102.90 | 0.0 | 0.0 | -1.45 | 0.0 | 0.0 | 23.22 | 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) | 6.55 | 923.44 | 32.14 | 22.91 | 14.89 | 388.2 | 3.29 | -38.64 | 14.37 | 339.45 | 11.50 | 505.26 | 35.47 | 721.06 | 15.26 | 566.38 | 1.27 | 51.19 | 18.36 | 90.26 | 114.71 | -37.51 | 103.65 | 11.62 | -3.65 | 0 | 0.00 | 0 | 23.93 | -21.33 |
| 2022 (9) | 0.64 | 433.33 | 26.15 | 21.18 | 3.05 | 0 | 5.36 | -13.57 | 3.27 | 1535.0 | 1.90 | 363.41 | 4.32 | 446.84 | 2.29 | 146.24 | 0.84 | 10.53 | 9.65 | 30.58 | 183.56 | 16.35 | 92.86 | 0 | 7.14 | -99.39 | 0.00 | 0 | 30.42 | 0.93 |
| 2021 (8) | 0.12 | 0 | 21.58 | 149.77 | -2.25 | 0 | 6.20 | -24.67 | 0.20 | 0 | 0.41 | 0 | 0.79 | 0 | 0.93 | 0 | 0.76 | 80.95 | 7.39 | 0 | 157.77 | 6.47 | -1066.67 | 0 | 1166.67 | 0 | 0.00 | 0 | 30.14 | -38.25 |
| 2020 (7) | -2.52 | 0 | 8.64 | -66.08 | -28.24 | 0 | 8.23 | 88.97 | -21.09 | 0 | -16.26 | 0 | -15.15 | 0 | -6.45 | 0 | 0.42 | -55.32 | -11.83 | 0 | 148.18 | 45.02 | 134.15 | 31.23 | -34.15 | 0 | 0.00 | 0 | 48.81 | 50.74 |
| 2019 (6) | 0.59 | 0 | 25.47 | 16.25 | 2.79 | 0 | 4.35 | -0.67 | 2.74 | 0 | 1.80 | 0 | 3.20 | 0 | 2.05 | 0 | 0.94 | 4.44 | 7.56 | 86.67 | 102.18 | 34.02 | 102.22 | 189.63 | -2.22 | 0 | 0.00 | 0 | 32.38 | -4.71 |
| 2018 (5) | -0.49 | 0 | 21.91 | -30.71 | -0.42 | 0 | 4.38 | 36.16 | -1.12 | 0 | -1.63 | 0 | -2.44 | 0 | -0.90 | 0 | 0.90 | -15.09 | 4.05 | -73.53 | 76.24 | 29.9 | 35.29 | -65.04 | 64.71 | 0 | 0.00 | 0 | 33.98 | 10.76 |
| 2017 (4) | 3.39 | -44.24 | 31.62 | -15.64 | 11.89 | -31.23 | 3.22 | 16.37 | 11.81 | -34.28 | 9.61 | -31.89 | 16.06 | -44.37 | 10.42 | -42.97 | 1.06 | -17.19 | 15.30 | -27.0 | 58.69 | 2.27 | 100.96 | 4.93 | -0.48 | 0 | 0.00 | 0 | 30.68 | -0.29 |
| 2016 (3) | 6.08 | 86.5 | 37.48 | 19.4 | 17.29 | 68.85 | 2.77 | -20.66 | 17.97 | 63.22 | 14.11 | 58.18 | 28.87 | 87.1 | 18.27 | 81.79 | 1.28 | 15.32 | 20.96 | 42.68 | 57.39 | -8.66 | 96.22 | 3.74 | 3.78 | -43.83 | 0.00 | 0 | 30.77 | -1.5 |
| 2015 (2) | 3.26 | -19.51 | 31.39 | 7.91 | 10.24 | -8.0 | 3.49 | 17.73 | 11.01 | -0.18 | 8.92 | -4.09 | 15.43 | -23.84 | 10.05 | -17.89 | 1.11 | -13.95 | 14.69 | 3.23 | 62.83 | 24.0 | 92.75 | -8.05 | 6.74 | 0 | 0.00 | 0 | 31.24 | 13.48 |
| 2014 (1) | 4.05 | -26.09 | 29.09 | 0 | 11.13 | 0 | 2.96 | 2.15 | 11.03 | 0 | 9.30 | 0 | 20.26 | 0 | 12.24 | 0 | 1.29 | -0.77 | 14.23 | -25.34 | 50.67 | -44.92 | 100.87 | 2.63 | -0.87 | 0 | 0.00 | 0 | 27.53 | -3.91 |
