- 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) | -0.50 | -121.55 | 82.14 | 12.42 | -20.18 | -34.04 | -0.97 | -124.81 | -109.19 | -4.67 | -127.7 | 86.38 | -2.61 | -117.82 | 92.06 | -1.04 | -115.85 | 91.38 | -0.40 | -111.36 | 93.76 | 0.21 | -8.7 | 5.0 | 2.85 | -87.66 | 111.14 | 90.51 | 4.6 | 0.06 | 20.90 | -9.96 | 167.99 | 79.10 | 3.01 | -39.49 | 29.83 | 22.35 | 29.75 |
| 24Q2 (19) | 2.32 | -23.18 | 103.51 | 15.56 | -9.95 | 10.98 | 3.91 | -56.56 | -25.67 | 16.86 | 13.61 | 86.71 | 14.65 | 41.96 | 96.91 | 6.56 | 11.56 | 105.0 | 3.52 | 16.17 | 100.0 | 0.23 | -17.86 | 4.55 | 23.09 | 15.1 | 39.85 | 86.53 | -14.31 | 10.58 | 23.21 | -61.82 | -60.24 | 76.79 | 94.93 | 84.43 | 24.38 | 17.38 | 9.67 |
| 24Q1 (18) | 3.02 | 843.75 | 61.5 | 17.28 | 13.68 | 2.92 | 9.00 | 66.05 | -9.27 | 14.84 | 2218.75 | 81.2 | 10.32 | 608.37 | 58.53 | 5.88 | 625.0 | 33.64 | 3.03 | 821.43 | 40.93 | 0.28 | 0.0 | -9.68 | 20.06 | 199.4 | 55.02 | 100.98 | -4.88 | -16.68 | 60.78 | -92.9 | -49.9 | 39.39 | 105.24 | 284.74 | 20.77 | -13.31 | 18.69 |
| 23Q4 (17) | 0.32 | 111.43 | -91.92 | 15.20 | -19.28 | -35.32 | 5.42 | -48.63 | -66.93 | 0.64 | 101.87 | -95.08 | -2.03 | 93.82 | -119.84 | -1.12 | 90.71 | -113.54 | -0.42 | 93.45 | -110.8 | 0.28 | 40.0 | -24.32 | 6.70 | 126.19 | -59.95 | 106.16 | 17.36 | -9.54 | 856.52 | 2886.84 | 579.77 | -752.17 | -675.34 | -2807.15 | 23.96 | 4.22 | 28.61 |
| 23Q3 (16) | -2.80 | -345.61 | -159.07 | 18.83 | 34.31 | -5.85 | 10.55 | 100.57 | -12.81 | -34.30 | -479.84 | -284.61 | -32.86 | -541.67 | -334.21 | -12.06 | -476.88 | -213.03 | -6.41 | -464.2 | -232.99 | 0.20 | -9.09 | -41.18 | -25.58 | -254.94 | -213.39 | 90.46 | 15.6 | -26.0 | -30.73 | -152.66 | -147.2 | 130.73 | 213.99 | 274.8 | 22.99 | 3.42 | 7.93 |
| 23Q2 (15) | 1.14 | -39.04 | -75.16 | 14.02 | -16.5 | -26.13 | 5.26 | -46.98 | -57.75 | 9.03 | 10.26 | -43.24 | 7.44 | 14.29 | -38.97 | 3.20 | -27.27 | -70.53 | 1.76 | -18.14 | -64.44 | 0.22 | -29.03 | -45.0 | 16.51 | 27.59 | -13.79 | 78.25 | -35.44 | -39.23 | 58.36 | -51.89 | -25.41 | 41.64 | 295.26 | 91.4 | 22.23 | 27.03 | 23.02 |
| 23Q1 (14) | 1.87 | -52.78 | -48.63 | 16.79 | -28.55 | -8.6 | 9.92 | -39.48 | -12.37 | 8.19 | -37.1 | -38.88 | 6.51 | -36.36 | -37.76 | 4.40 | -46.8 | -49.71 | 2.15 | -44.73 | -45.98 | 0.31 | -16.22 | -18.42 | 12.94 | -22.65 | -22.7 | 121.20 | 3.27 | 5.15 | 121.32 | -3.71 | 43.7 | -21.32 | 17.58 | -236.96 | 17.50 | -6.07 | -6.27 |
| 22Q4 (13) | 3.96 | -16.46 | 27.74 | 23.50 | 17.5 | 22.65 | 16.39 | 35.45 | 32.07 | 13.02 | -29.92 | 18.36 | 10.23 | -27.08 | 10.0 | 8.27 | -22.49 | 1.35 | 3.89 | -19.29 | 3.46 | 0.37 | 8.82 | -7.5 | 16.73 | -25.84 | 18.74 | 117.36 | -3.99 | -10.1 | 126.00 | 93.5 | 11.79 | -25.87 | -174.18 | -103.56 | 18.63 | -12.54 | -6.0 |
| 22Q3 (12) | 4.74 | 3.27 | 153.48 | 20.00 | 5.37 | 10.99 | 12.10 | -2.81 | 32.24 | 18.58 | 16.78 | 90.17 | 14.03 | 15.09 | 79.87 | 10.67 | -1.75 | 103.63 | 4.82 | -2.63 | 91.27 | 0.34 | -15.0 | 6.25 | 22.56 | 17.81 | 65.15 | 122.24 | -5.07 | 13.57 | 65.12 | -16.78 | -30.44 | 34.88 | 60.34 | 445.97 | 21.30 | 17.87 | 5.39 |
| 22Q2 (11) | 4.59 | 26.1 | 65.7 | 18.98 | 3.32 | -5.38 | 12.45 | 9.98 | -3.41 | 15.91 | 18.73 | 31.05 | 12.19 | 16.54 | 32.5 | 10.86 | 24.11 | 44.99 | 4.95 | 24.37 | 42.65 | 0.40 | 5.26 | 8.11 | 19.15 | 14.4 | 24.19 | 128.77 | 11.72 | 11.46 | 78.25 | -7.33 | -26.35 | 21.75 | 39.73 | 448.72 | 18.07 | -3.21 | -6.66 |
| 22Q1 (10) | 3.64 | 17.42 | 63.23 | 18.37 | -4.12 | -1.55 | 11.32 | -8.78 | 1.98 | 13.40 | 21.82 | 34.94 | 10.46 | 12.47 | 34.62 | 8.75 | 7.23 | 41.13 | 3.98 | 5.85 | 40.14 | 0.38 | -5.0 | 5.56 | 16.74 | 18.81 | 24.46 | 115.26 | -11.71 | -6.26 | 84.43 | -25.09 | -24.49 | 15.57 | 222.49 | 231.84 | 18.67 | -5.8 | -3.41 |
| 21Q4 (9) | 3.10 | 65.78 | 46.23 | 19.16 | 6.33 | -9.11 | 12.41 | 35.63 | -4.24 | 11.00 | 12.59 | 17.9 | 9.30 | 19.23 | 24.17 | 8.16 | 55.73 | 25.93 | 3.76 | 49.21 | 25.75 | 0.40 | 25.0 | 2.56 | 14.09 | 3.15 | 10.6 | 130.54 | 21.29 | 6.87 | 112.71 | 20.4 | -18.88 | -12.71 | -298.94 | 67.37 | 19.82 | -1.93 | -8.54 |
| 21Q3 (8) | 1.87 | -32.49 | 0.54 | 18.02 | -10.17 | -16.38 | 9.15 | -29.01 | -33.94 | 9.77 | -19.52 | -15.85 | 7.80 | -15.22 | -5.57 | 5.24 | -30.04 | -13.25 | 2.52 | -27.38 | -15.15 | 0.32 | -13.51 | -8.57 | 13.66 | -11.41 | -12.1 | 107.63 | -6.84 | -8.62 | 93.61 | -11.89 | -21.43 | 6.39 | 202.42 | 133.36 | 20.21 | 4.39 | -0.93 |
| 21Q2 (7) | 2.77 | 24.22 | 965.38 | 20.06 | 7.5 | 78.47 | 12.89 | 16.13 | 840.88 | 12.14 | 22.26 | 1126.26 | 9.20 | 18.4 | 525.85 | 7.49 | 20.81 | 985.51 | 3.47 | 22.18 | 706.98 | 0.37 | 2.78 | 60.87 | 15.42 | 14.65 | 132.58 | 115.53 | -6.04 | 10.69 | 106.24 | -4.98 | -23.07 | -6.24 | 47.17 | 83.62 | 19.36 | 0.16 | -19.57 |
| 21Q1 (6) | 2.23 | 5.19 | 182.28 | 18.66 | -11.48 | 32.72 | 11.10 | -14.35 | 121.56 | 9.93 | 6.43 | 68.59 | 7.77 | 3.74 | 87.68 | 6.20 | -4.32 | 155.14 | 2.84 | -5.02 | 113.53 | 0.36 | -7.69 | 16.13 | 13.45 | 5.57 | 34.23 | 122.96 | 0.66 | 23.84 | 111.81 | -19.53 | 31.83 | -11.81 | 69.68 | -177.74 | 19.33 | -10.8 | -14.36 |
| 20Q4 (5) | 2.12 | 13.98 | 52.52 | 21.08 | -2.18 | 11.77 | 12.96 | -6.43 | 26.81 | 9.33 | -19.64 | 24.23 | 7.49 | -9.32 | 26.52 | 6.48 | 7.28 | 45.95 | 2.99 | 0.67 | 18.18 | 0.39 | 11.43 | -7.14 | 12.74 | -18.02 | 20.42 | 122.15 | 3.71 | 46.36 | 138.95 | 16.62 | 2.06 | -38.95 | -103.39 | -7.75 | 21.67 | 6.23 | -3.65 |
| 20Q3 (4) | 1.86 | 615.38 | 0.0 | 21.55 | 91.73 | 0.0 | 13.85 | 910.95 | 0.0 | 11.61 | 1072.73 | 0.0 | 8.26 | 461.9 | 0.0 | 6.04 | 775.36 | 0.0 | 2.97 | 590.7 | 0.0 | 0.35 | 52.17 | 0.0 | 15.54 | 134.39 | 0.0 | 117.78 | 12.85 | 0.0 | 119.15 | -13.72 | 0.0 | -19.15 | 49.73 | 0.0 | 20.40 | -15.25 | 0.0 |
| 20Q2 (3) | 0.26 | -67.09 | 0.0 | 11.24 | -20.06 | 0.0 | 1.37 | -72.65 | 0.0 | 0.99 | -83.19 | 0.0 | 1.47 | -64.49 | 0.0 | 0.69 | -71.6 | 0.0 | 0.43 | -67.67 | 0.0 | 0.23 | -25.81 | 0.0 | 6.63 | -33.83 | 0.0 | 104.37 | 5.12 | 0.0 | 138.10 | 62.83 | 0.0 | -38.10 | -350.79 | 0.0 | 24.07 | 6.65 | 0.0 |
| 20Q1 (2) | 0.79 | -43.17 | 0.0 | 14.06 | -25.45 | 0.0 | 5.01 | -50.98 | 0.0 | 5.89 | -21.57 | 0.0 | 4.14 | -30.07 | 0.0 | 2.43 | -45.27 | 0.0 | 1.33 | -47.43 | 0.0 | 0.31 | -26.19 | 0.0 | 10.02 | -5.29 | 0.0 | 99.29 | 18.97 | 0.0 | 84.81 | -37.71 | 0.0 | 15.19 | 142.03 | 0.0 | 22.57 | 0.36 | 0.0 |
| 19Q4 (1) | 1.39 | 0.0 | 0.0 | 18.86 | 0.0 | 0.0 | 10.22 | 0.0 | 0.0 | 7.51 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 2.53 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 10.58 | 0.0 | 0.0 | 83.46 | 0.0 | 0.0 | 136.14 | 0.0 | 0.0 | -36.14 | 0.0 | 0.0 | 22.49 | 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) | 0.50 | -97.04 | 16.15 | -20.56 | 7.88 | -40.3 | 5.06 | 69.77 | -1.21 | 0 | -2.56 | 0 | -5.13 | 0 | -1.88 | 0 | 0.95 | -34.03 | 5.18 | -72.31 | 106.16 | -9.54 | -651.45 | 0 | 751.45 | 5747.58 | 0.11 | 4.23 | 21.16 | 10.67 |
| 2022 (9) | 16.92 | 69.03 | 20.33 | 6.89 | 13.20 | 14.68 | 2.98 | -3.72 | 15.15 | 40.67 | 11.67 | 35.86 | 37.35 | 35.33 | 17.07 | 38.0 | 1.44 | 1.41 | 18.71 | 31.85 | 117.36 | -10.1 | 87.15 | -18.45 | 12.85 | 0 | 0.11 | 7.29 | 19.12 | -2.8 |
| 2021 (8) | 10.01 | 99.01 | 19.02 | 5.96 | 11.51 | 22.06 | 3.09 | -14.33 | 10.77 | 39.15 | 8.59 | 45.35 | 27.60 | 81.22 | 12.37 | 59.0 | 1.42 | 11.81 | 14.19 | 19.95 | 130.54 | 6.87 | 106.86 | -12.28 | -6.86 | 0 | 0.10 | 34.88 | 19.67 | -10.39 |
| 2020 (7) | 5.03 | 10.55 | 17.95 | 6.4 | 9.43 | 16.42 | 3.61 | 18.58 | 7.74 | -3.73 | 5.91 | 3.32 | 15.23 | -1.23 | 7.78 | -9.11 | 1.27 | -14.19 | 11.83 | 4.69 | 122.15 | 46.36 | 121.82 | 20.92 | -21.82 | 0 | 0.07 | -52.96 | 21.95 | -5.92 |
| 2019 (6) | 4.55 | 8.33 | 16.87 | 17.07 | 8.10 | 30.65 | 3.04 | 10.6 | 8.04 | 11.2 | 5.72 | 5.15 | 15.42 | 4.61 | 8.56 | 0.71 | 1.48 | -5.13 | 11.30 | 11.22 | 83.46 | 3.69 | 100.74 | 17.41 | -0.74 | 0 | 0.16 | -37.07 | 23.33 | -3.36 |
| 2018 (5) | 4.20 | 27.27 | 14.41 | -4.32 | 6.20 | -8.42 | 2.75 | -13.66 | 7.23 | 41.76 | 5.44 | 24.2 | 14.74 | 27.29 | 8.50 | 22.3 | 1.56 | -1.27 | 10.16 | 19.53 | 80.49 | 21.66 | 85.80 | -35.34 | 14.20 | 0 | 0.25 | 0 | 24.14 | 1.17 |
| 2017 (4) | 3.30 | 27.41 | 15.06 | 5.61 | 6.77 | 39.01 | 3.19 | -23.26 | 5.10 | -7.27 | 4.38 | -0.45 | 11.58 | 6.73 | 6.95 | 6.92 | 1.58 | 7.48 | 8.50 | -15.08 | 66.16 | -2.14 | 132.69 | 50.04 | -32.69 | 0 | 0.00 | 0 | 23.86 | -10.67 |
| 2016 (3) | 2.59 | 5080.0 | 14.26 | 33.9 | 4.87 | 524.36 | 4.16 | -6.14 | 5.50 | 261.84 | 4.40 | 519.72 | 10.85 | 516.48 | 6.50 | 485.59 | 1.47 | 3.52 | 10.01 | 56.65 | 67.61 | 0.25 | 88.44 | 71.75 | 11.36 | -76.58 | 0.00 | 0 | 26.71 | -1.87 |
| 2015 (2) | 0.05 | 0 | 10.65 | 40.87 | 0.78 | 0 | 4.43 | -1.84 | 1.52 | 0 | 0.71 | 0 | 1.76 | 0 | 1.11 | 0 | 1.42 | 5.19 | 6.39 | 32.3 | 67.44 | -17.14 | 51.49 | -88.62 | 48.51 | 0 | 0.00 | 0 | 27.22 | 4.45 |
| 2014 (1) | -0.58 | 0 | 7.56 | 0 | -0.90 | 0 | 4.51 | 11.58 | -0.20 | 0 | -0.71 | 0 | -1.90 | 0 | -0.78 | 0 | 1.35 | -6.9 | 4.83 | 28.12 | 81.39 | -28.33 | 452.63 | 306.95 | -352.63 | 0 | 0.00 | 0 | 26.06 | 5.08 |
