- 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) | 1.70 | -22.37 | 28.79 | 33.38 | 2.68 | 81.81 | 29.34 | 2.44 | 97.18 | 26.38 | -7.18 | 71.52 | 21.03 | -6.7 | 76.57 | 3.09 | -18.9 | -22.17 | 1.75 | -12.94 | 16.67 | 0.07 | -12.5 | -36.36 | 41.68 | -2.46 | 67.66 | 92.79 | -11.2 | -55.08 | 111.24 | 10.35 | 15.14 | -11.24 | -1284.54 | -450.42 | 15.94 | -3.74 | 106.74 |
| 24Q2 (19) | 2.19 | -17.67 | 121.21 | 32.51 | -13.9 | 143.34 | 28.64 | -14.94 | 205.01 | 28.42 | -16.85 | 260.2 | 22.54 | -17.53 | 234.92 | 3.81 | -32.8 | 82.3 | 2.01 | -22.99 | 125.84 | 0.08 | -11.11 | -20.0 | 42.73 | -7.97 | 133.88 | 104.49 | -7.27 | -52.76 | 100.81 | 2.33 | -15.21 | -0.81 | -154.61 | 95.7 | 16.56 | 33.66 | 111.76 |
| 24Q1 (18) | 2.66 | 36.41 | 1230.0 | 37.76 | 56.03 | 511.99 | 33.67 | 61.41 | 1133.33 | 34.18 | 95.31 | 20205.88 | 27.33 | 95.49 | 10222.22 | 5.67 | 1.8 | 8200.0 | 2.61 | 19.18 | 1350.0 | 0.09 | -35.71 | 12.5 | 46.43 | 76.2 | 356.54 | 112.68 | -29.38 | -50.93 | 98.51 | -17.34 | 106.75 | 1.49 | 107.76 | -99.9 | 12.39 | 26.56 | 36.0 |
| 23Q4 (17) | 1.95 | 47.73 | 419.67 | 24.20 | 31.81 | 403.26 | 20.86 | 40.19 | 288.78 | 17.50 | 13.78 | 207.69 | 13.98 | 17.38 | 208.96 | 5.57 | 40.3 | 250.54 | 2.19 | 46.0 | 310.58 | 0.14 | 27.27 | 40.0 | 26.35 | 5.99 | 485.8 | 159.55 | -22.77 | -14.54 | 119.17 | 23.35 | 75.28 | -19.17 | -697.57 | -159.9 | 9.79 | 26.98 | 22.37 |
| 23Q3 (16) | 1.32 | 33.33 | 94.12 | 18.36 | 37.43 | 119.62 | 14.88 | 58.47 | 276.71 | 15.38 | 94.93 | 82.01 | 11.91 | 76.97 | 94.93 | 3.97 | 89.95 | 183.57 | 1.50 | 68.54 | 145.9 | 0.11 | 10.0 | 37.5 | 24.86 | 36.07 | 45.55 | 206.58 | -6.61 | -1.48 | 96.61 | -18.74 | 107.03 | 3.21 | 116.98 | -93.98 | 7.71 | -1.41 | -20.43 |
| 23Q2 (15) | 0.99 | 395.0 | 1880.0 | 13.36 | 116.53 | 1729.27 | 9.39 | 243.96 | 253.93 | 7.89 | 4741.18 | 342.77 | 6.73 | 2592.59 | 277.57 | 2.09 | 3085.71 | 416.67 | 0.89 | 394.44 | 990.0 | 0.10 | 25.0 | 66.67 | 18.27 | 79.65 | 171.88 | 221.21 | -3.66 | 17.08 | 118.90 | 108.14 | -36.06 | -18.90 | -101.21 | 78.46 | 7.82 | -14.16 | -32.18 |
| 23Q1 (14) | 0.20 | 132.79 | -86.39 | 6.17 | 177.32 | -72.47 | 2.73 | 124.71 | -85.97 | -0.17 | 98.95 | -100.75 | -0.27 | 97.9 | -101.49 | -0.07 | 98.11 | -101.75 | 0.18 | 117.31 | -88.24 | 0.08 | -20.0 | 0.0 | 10.17 | 248.9 | -65.21 | 229.61 | 22.99 | 20.41 | -1460.00 | -2247.32 | -1802.77 | 1560.00 | 4773.73 | 10841.67 | 9.11 | 13.87 | -5.2 |
| 22Q4 (13) | -0.61 | -189.71 | -176.25 | -7.98 | -195.45 | -177.33 | -11.05 | -379.75 | -246.55 | -16.25 | -292.31 | -304.4 | -12.83 | -309.98 | -287.57 | -3.70 | -364.29 | -304.42 | -1.04 | -270.49 | -231.65 | 0.10 | 25.0 | 0.0 | -6.83 | -139.99 | -152.54 | 186.69 | -10.97 | 12.12 | 67.99 | 45.7 | -28.27 | 32.01 | -39.98 | 513.98 | 8.00 | -17.44 | -3.38 |
| 22Q3 (12) | 0.68 | 1260.0 | -59.28 | 8.36 | 1119.51 | -63.76 | 3.95 | 164.75 | -80.03 | 8.45 | 360.0 | -56.56 | 6.11 | 261.21 | -58.72 | 1.40 | 312.12 | -70.89 | 0.61 | 710.0 | -71.23 | 0.08 | 33.33 | -42.86 | 17.08 | 154.17 | -26.35 | 209.69 | 10.98 | 37.32 | 46.67 | -74.91 | -54.13 | 53.33 | 160.8 | 3159.39 | 9.69 | -15.96 | 57.05 |
| 22Q2 (11) | 0.05 | -96.6 | -97.4 | -0.82 | -103.66 | -103.12 | -6.10 | -131.35 | -127.99 | -3.25 | -114.31 | -111.64 | -3.79 | -120.89 | -116.43 | -0.66 | -116.46 | -111.58 | -0.10 | -106.54 | -103.5 | 0.06 | -25.0 | -50.0 | 6.72 | -77.01 | -79.73 | 188.94 | -0.92 | 64.42 | 185.96 | 116.89 | 138.43 | -87.72 | -715.25 | -498.67 | 11.53 | 19.98 | 63.08 |
| 22Q1 (10) | 1.47 | 83.75 | 36.11 | 22.41 | 117.15 | -24.6 | 19.46 | 158.09 | -16.87 | 22.71 | 185.66 | -7.15 | 18.14 | 165.2 | -6.16 | 4.01 | 121.55 | 12.01 | 1.53 | 93.67 | -20.31 | 0.08 | -20.0 | -11.11 | 29.23 | 124.85 | -6.1 | 190.69 | 14.52 | 89.33 | 85.74 | -9.54 | -10.55 | 14.26 | 173.48 | 224.75 | 9.61 | 16.06 | 3.0 |
| 21Q4 (9) | 0.80 | -52.1 | 15.94 | 10.32 | -55.27 | -37.76 | 7.54 | -61.88 | -26.08 | 7.95 | -59.13 | -25.14 | 6.84 | -53.78 | -25.33 | 1.81 | -62.37 | 36.09 | 0.79 | -62.74 | 2.6 | 0.10 | -28.57 | 42.86 | 13.00 | -43.94 | -33.74 | 166.51 | 9.04 | 79.89 | 94.79 | -6.84 | -1.36 | 5.21 | 399.05 | 33.46 | 8.28 | 34.2 | -3.5 |
| 21Q3 (8) | 1.67 | -13.02 | 23.7 | 23.07 | -12.15 | -29.64 | 19.78 | -9.22 | -23.33 | 19.45 | -30.36 | -20.87 | 14.80 | -35.85 | -25.33 | 4.81 | -15.61 | -16.06 | 2.12 | -25.87 | -24.56 | 0.14 | 16.67 | 7.69 | 23.19 | -30.07 | -21.36 | 152.70 | 32.89 | 34.79 | 101.74 | 30.45 | -3.09 | -1.74 | -107.92 | 65.06 | 6.17 | -12.73 | 43.49 |
| 21Q2 (7) | 1.92 | 77.78 | 86.41 | 26.26 | -11.64 | -12.06 | 21.79 | -6.92 | -16.48 | 27.93 | 14.19 | 16.42 | 23.07 | 19.35 | 24.17 | 5.70 | 59.22 | 43.94 | 2.86 | 48.96 | 44.44 | 0.12 | 33.33 | 20.0 | 33.16 | 6.52 | 3.95 | 114.91 | 14.09 | -1.66 | 78.00 | -18.63 | -28.2 | 22.00 | 401.18 | 355.07 | 7.07 | -24.22 | 0 |
| 21Q1 (6) | 1.08 | 56.52 | 96.36 | 29.72 | 79.25 | 58.25 | 23.41 | 129.51 | 104.81 | 24.46 | 130.32 | 112.33 | 19.33 | 111.03 | 113.59 | 3.58 | 169.17 | 90.43 | 1.92 | 149.35 | 86.41 | 0.09 | 28.57 | -10.0 | 31.13 | 58.66 | 83.23 | 100.72 | 8.82 | -10.38 | 95.85 | -0.25 | -3.44 | 4.39 | 12.39 | 497.07 | 9.33 | 8.74 | 50.97 |
| 20Q4 (5) | 0.69 | -48.89 | 11.29 | 16.58 | -49.44 | -27.63 | 10.20 | -60.47 | -32.23 | 10.62 | -56.79 | -30.99 | 9.16 | -53.78 | -22.5 | 1.33 | -76.79 | -35.75 | 0.77 | -72.6 | -36.36 | 0.07 | -46.15 | -22.22 | 19.62 | -33.47 | -8.91 | 92.56 | -18.3 | -7.3 | 96.09 | -8.47 | -1.95 | 3.91 | 178.28 | 95.31 | 8.58 | 99.53 | 0 |
| 20Q3 (4) | 1.35 | 31.07 | 0.0 | 32.79 | 9.81 | 0.0 | 25.80 | -1.11 | 0.0 | 24.58 | 2.46 | 0.0 | 19.82 | 6.67 | 0.0 | 5.73 | 44.7 | 0.0 | 2.81 | 41.92 | 0.0 | 0.13 | 30.0 | 0.0 | 29.49 | -7.55 | 0.0 | 113.29 | -3.05 | 0.0 | 104.99 | -3.35 | 0.0 | -4.99 | 42.15 | 0.0 | 4.30 | 0 | 0.0 |
| 20Q2 (3) | 1.03 | 87.27 | 0.0 | 29.86 | 59.0 | 0.0 | 26.09 | 128.26 | 0.0 | 23.99 | 108.25 | 0.0 | 18.58 | 105.3 | 0.0 | 3.96 | 110.64 | 0.0 | 1.98 | 92.23 | 0.0 | 0.10 | 0.0 | 0.0 | 31.90 | 87.76 | 0.0 | 116.85 | 3.98 | 0.0 | 108.63 | 9.43 | 0.0 | -8.63 | -1273.16 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.55 | -11.29 | 0.0 | 18.78 | -18.03 | 0.0 | 11.43 | -24.05 | 0.0 | 11.52 | -25.15 | 0.0 | 9.05 | -23.43 | 0.0 | 1.88 | -9.18 | 0.0 | 1.03 | -14.88 | 0.0 | 0.10 | 11.11 | 0.0 | 16.99 | -21.12 | 0.0 | 112.38 | 12.55 | 0.0 | 99.26 | 1.29 | 0.0 | 0.74 | -63.24 | 0.0 | 6.18 | 0 | 0.0 |
| 19Q4 (1) | 0.62 | 0.0 | 0.0 | 22.91 | 0.0 | 0.0 | 15.05 | 0.0 | 0.0 | 15.39 | 0.0 | 0.0 | 11.82 | 0.0 | 0.0 | 2.07 | 0.0 | 0.0 | 1.21 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 21.54 | 0.0 | 0.0 | 99.85 | 0.0 | 0.0 | 98.00 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | 0.00 | 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) | 4.46 | 180.5 | 17.00 | 254.17 | 13.48 | 1248.0 | 7.00 | 10.52 | 11.58 | 546.93 | 9.23 | 746.79 | 11.20 | 1031.31 | 5.06 | 427.08 | 0.45 | 36.36 | 21.19 | 103.36 | 159.55 | -14.54 | 116.36 | 107.7 | -16.36 | 0 | 0.01 | -48.31 | 8.71 | -8.12 |
| 2022 (9) | 1.59 | -70.88 | 4.80 | -77.72 | 1.00 | -94.32 | 6.33 | 62.57 | 1.79 | -90.7 | 1.09 | -92.92 | 0.99 | -93.82 | 0.96 | -86.83 | 0.33 | -26.67 | 10.42 | -56.89 | 186.69 | 12.12 | 56.02 | -38.79 | 43.98 | 415.57 | 0.03 | 22.02 | 9.48 | 26.74 |
| 2021 (8) | 5.46 | 52.09 | 21.54 | -16.61 | 17.60 | -10.43 | 3.90 | -21.44 | 19.24 | 2.12 | 15.40 | 1.99 | 16.03 | 35.39 | 7.29 | 11.13 | 0.45 | 12.5 | 24.17 | -4.84 | 166.51 | 79.89 | 91.52 | -12.22 | 8.53 | 0 | 0.02 | 93.62 | 7.48 | 25.5 |
| 2020 (7) | 3.59 | -1.91 | 25.83 | 67.62 | 19.65 | 305.15 | 4.96 | 6.33 | 18.84 | -43.13 | 15.10 | -49.57 | 11.84 | -14.08 | 6.56 | -10.14 | 0.40 | 81.82 | 25.40 | -38.12 | 92.56 | -7.68 | 104.26 | 609.35 | -4.26 | 0 | 0.01 | 0 | 5.96 | -42.19 |
| 2019 (6) | 3.66 | 0 | 15.41 | 31.48 | 4.85 | 4309.09 | 4.66 | 7.77 | 33.13 | 0 | 29.94 | 0 | 13.78 | 0 | 7.30 | 7200.0 | 0.22 | 29.41 | 41.05 | 460.03 | 100.26 | -9.86 | 14.70 | 0 | 85.30 | -17.86 | 0.00 | 0 | 10.31 | -23.0 |
| 2018 (5) | -0.09 | 0 | 11.72 | 82.55 | 0.11 | -90.18 | 4.33 | 52.92 | -1.78 | 0 | -3.19 | 0 | -1.21 | 0 | 0.10 | -93.55 | 0.17 | -45.16 | 7.33 | -10.61 | 111.23 | -21.98 | -7.69 | 0 | 103.85 | 103.37 | 0.00 | 0 | 13.39 | 64.29 |
| 2017 (4) | 0.32 | -17.95 | 6.42 | -49.17 | 1.12 | -84.11 | 2.83 | 17.39 | 2.30 | -51.27 | 2.42 | -22.68 | 1.86 | -33.81 | 1.55 | -22.5 | 0.31 | -13.89 | 8.20 | -18.97 | 142.57 | -5.0 | 48.94 | -67.17 | 51.06 | 0 | 0.00 | 0 | 8.15 | 8.09 |
| 2016 (3) | 0.39 | -61.76 | 12.63 | 0.08 | 7.05 | -17.74 | 2.41 | 30.19 | 4.72 | -34.9 | 3.13 | -50.4 | 2.81 | -65.18 | 2.00 | -49.75 | 0.36 | -25.0 | 10.12 | -11.23 | 150.07 | -1.74 | 149.07 | 26.05 | -49.07 | 0 | 0.00 | 0 | 7.54 | 35.86 |
| 2015 (2) | 1.02 | 191.43 | 12.62 | 90.63 | 8.57 | 85.9 | 1.85 | 0.88 | 7.25 | 152.61 | 6.31 | 182.96 | 8.07 | 182.17 | 3.98 | 90.43 | 0.48 | -9.43 | 11.40 | 67.89 | 152.73 | -14.28 | 118.26 | -26.2 | -18.26 | 0 | 0.00 | 0 | 5.55 | -1.25 |
| 2014 (1) | 0.35 | -70.83 | 6.62 | 0 | 4.61 | 0 | 1.84 | 29.89 | 2.87 | 0 | 2.23 | 0 | 2.86 | 0 | 2.09 | 0 | 0.53 | -23.19 | 6.79 | -28.83 | 178.18 | 65.33 | 160.24 | 27.25 | -60.24 | 0 | 0.00 | 0 | 5.62 | 31.31 |
