- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | -0.43 | 27.12 | 12.24 | 0.72 | 124.16 | -38.46 | -2.46 | 61.08 | -15.49 | -3.18 | 46.64 | -3.58 | -2.80 | 36.07 | 23.5 | -1.88 | 26.56 | 20.34 | -0.76 | 34.48 | 28.97 | 0.34 | 13.33 | 3.03 | -0.03 | 98.8 | -107.5 | 97.05 | -1.37 | 7.97 | 77.47 | -26.93 | 11.56 | 22.53 | 474.22 | -26.26 | 1.88 | -21.67 | -8.29 |
| 24Q1 (19) | -0.59 | -321.43 | -3050.0 | -2.98 | -227.9 | -204.93 | -6.32 | -777.78 | -544.9 | -5.96 | -462.26 | -1652.94 | -4.38 | -356.25 | -2290.0 | -2.56 | -300.0 | -2233.33 | -1.16 | -480.0 | -652.38 | 0.30 | -14.29 | -3.23 | -2.50 | -226.26 | -171.23 | 98.40 | 15.47 | 1.0 | 106.02 | 56.79 | -62.38 | -6.02 | -118.59 | 96.72 | 2.40 | 33.33 | -0.83 |
| 23Q4 (18) | -0.14 | -135.9 | 54.84 | 2.33 | -57.48 | 133.0 | -0.72 | -130.13 | 75.17 | -1.06 | -132.52 | 64.43 | -0.96 | -136.64 | 61.6 | -0.64 | -135.75 | 58.97 | -0.20 | -118.18 | 71.43 | 0.35 | -2.78 | 6.06 | 1.98 | -68.77 | 247.37 | 85.22 | -4.41 | -9.03 | 67.62 | -7.75 | -30.55 | 32.38 | 21.29 | 1127.99 | 1.80 | -5.76 | -18.18 |
| 23Q3 (17) | 0.39 | 179.59 | 160.0 | 5.48 | 368.38 | 308.37 | 2.39 | 212.21 | 136.05 | 3.26 | 206.19 | 151.02 | 2.62 | 171.58 | 150.58 | 1.79 | 175.85 | 157.19 | 1.10 | 202.8 | 171.9 | 0.36 | 9.09 | 12.5 | 6.34 | 1485.0 | 318.62 | 89.15 | -0.82 | 3.23 | 73.30 | 5.56 | -29.39 | 26.70 | -12.63 | 783.72 | 1.91 | -6.83 | -11.98 |
| 23Q2 (16) | -0.49 | -2550.0 | 31.94 | 1.17 | -58.8 | 132.05 | -2.13 | -117.35 | 69.4 | -3.07 | -802.94 | 53.13 | -3.66 | -1930.0 | 19.56 | -2.36 | -2066.67 | 27.16 | -1.07 | -609.52 | 31.85 | 0.33 | 6.45 | -10.81 | 0.40 | -88.6 | 110.67 | 89.89 | -7.74 | -4.85 | 69.44 | -75.36 | -34.71 | 30.56 | 116.64 | 580.36 | 2.05 | -15.29 | 36.67 |
| 23Q1 (15) | 0.02 | 106.45 | -97.3 | 2.84 | 184.0 | -60.06 | -0.98 | 66.21 | -129.61 | -0.34 | 88.59 | -105.56 | 0.20 | 108.0 | -96.03 | 0.12 | 107.69 | -96.26 | 0.21 | 130.0 | -88.4 | 0.31 | -6.06 | -8.82 | 3.51 | 515.79 | -60.87 | 97.43 | 4.0 | 6.9 | 281.82 | 189.45 | 419.77 | -183.64 | -7064.06 | -501.13 | 2.42 | 10.0 | 7.08 |
| 22Q4 (14) | -0.31 | 52.31 | 53.73 | 1.00 | 138.02 | 155.87 | -2.90 | 56.26 | 40.21 | -2.98 | 53.36 | 39.55 | -2.50 | 51.74 | 37.5 | -1.56 | 50.16 | 47.3 | -0.70 | 54.25 | 54.55 | 0.33 | 3.13 | -19.51 | 0.57 | 119.66 | 124.05 | 93.68 | 8.48 | 17.31 | 97.36 | -6.21 | -0.98 | 2.64 | 167.53 | 57.78 | 2.20 | 1.38 | 73.23 |
| 22Q3 (13) | -0.65 | 9.72 | -241.3 | -2.63 | 27.95 | -140.09 | -6.63 | 4.74 | -286.76 | -6.39 | 2.44 | -277.99 | -5.18 | -13.85 | -293.28 | -3.13 | 3.4 | -246.26 | -1.53 | 2.55 | -224.39 | 0.32 | -13.51 | -25.58 | -2.90 | 22.67 | -148.01 | 86.36 | -8.58 | 1.11 | 103.81 | -2.4 | 5.12 | -3.90 | 38.61 | -412.77 | 2.17 | 44.67 | 26.9 |
| 22Q2 (12) | -0.72 | -197.3 | -180.9 | -3.65 | -151.34 | -143.71 | -6.96 | -310.27 | -235.15 | -6.55 | -207.2 | -196.18 | -4.55 | -190.28 | -182.43 | -3.24 | -200.93 | -174.14 | -1.57 | -186.74 | -165.69 | 0.37 | 8.82 | -9.76 | -3.75 | -141.81 | -139.68 | 94.47 | 3.65 | 7.39 | 106.36 | 96.17 | 40.55 | -6.36 | -113.89 | -126.15 | 1.50 | -33.63 | -26.11 |
| 22Q1 (11) | 0.74 | 210.45 | -25.25 | 7.11 | 497.21 | -47.99 | 3.31 | 168.25 | -65.66 | 6.11 | 223.94 | -36.02 | 5.04 | 226.0 | -32.71 | 3.21 | 208.45 | -36.81 | 1.81 | 217.53 | -35.82 | 0.34 | -17.07 | -5.56 | 8.97 | 478.48 | -29.31 | 91.14 | 14.12 | -4.14 | 54.22 | -44.86 | -46.24 | 45.78 | 2639.17 | 5446.46 | 2.26 | 77.95 | -13.74 |
| 21Q4 (10) | -0.67 | -245.65 | -169.07 | -1.79 | -127.29 | -113.29 | -4.85 | -236.62 | -152.95 | -4.93 | -237.33 | -150.67 | -4.00 | -249.25 | -152.91 | -2.96 | -238.32 | -155.22 | -1.54 | -225.2 | -151.68 | 0.41 | -4.65 | 7.89 | -2.37 | -139.24 | -118.43 | 79.86 | -6.5 | 3.55 | 98.33 | -0.43 | 4.52 | 1.67 | 33.87 | -71.5 | 1.27 | -25.73 | -43.56 |
| 21Q3 (9) | 0.46 | -48.31 | -43.9 | 6.56 | -21.44 | -40.69 | 3.55 | -31.07 | -45.8 | 3.59 | -47.28 | -61.89 | 2.68 | -51.45 | -65.1 | 2.14 | -51.03 | -57.11 | 1.23 | -48.54 | -52.87 | 0.43 | 4.88 | 30.3 | 6.04 | -36.08 | -54.38 | 85.41 | -2.91 | -9.37 | 98.75 | 30.5 | 42.08 | 1.25 | -94.87 | -95.9 | 1.71 | -15.76 | -41.64 |
| 21Q2 (8) | 0.89 | -10.1 | 85.42 | 8.35 | -38.92 | -27.58 | 5.15 | -46.58 | -27.87 | 6.81 | -28.69 | -3.13 | 5.52 | -26.3 | 5.95 | 4.37 | -13.98 | 36.14 | 2.39 | -15.25 | 44.85 | 0.41 | 13.89 | 41.38 | 9.45 | -25.53 | -18.46 | 87.97 | -7.48 | -15.19 | 75.67 | -24.97 | -25.46 | 24.33 | 2940.96 | 1703.66 | 2.03 | -22.52 | -12.5 |
| 21Q1 (7) | 0.99 | 2.06 | 257.14 | 13.67 | 1.48 | 309.98 | 9.64 | 5.24 | 181.63 | 9.55 | -1.85 | 175.61 | 7.49 | -0.93 | 179.09 | 5.08 | -5.22 | 219.53 | 2.82 | -5.37 | 261.14 | 0.36 | -5.26 | 80.0 | 12.69 | -1.32 | 312.21 | 95.08 | 23.29 | -21.91 | 100.86 | 7.21 | 7.85 | -0.86 | -114.6 | -113.2 | 2.62 | 16.44 | -21.08 |
| 20Q4 (6) | 0.97 | 18.29 | 1716.67 | 13.47 | 21.79 | 220.71 | 9.16 | 39.85 | 3292.59 | 9.73 | 3.29 | 0 | 7.56 | -1.56 | 1612.0 | 5.36 | 7.41 | 1510.53 | 2.98 | 14.18 | 7550.0 | 0.38 | 15.15 | 11.76 | 12.86 | -2.87 | 270.61 | 77.12 | -18.17 | -35.47 | 94.07 | 35.35 | 0 | 5.86 | -80.72 | 0 | 2.25 | -23.21 | 54.11 |
| 20Q3 (5) | 0.82 | 70.83 | 127.78 | 11.06 | -4.08 | 96.45 | 6.55 | -8.26 | 311.95 | 9.42 | 34.0 | 182.88 | 7.68 | 47.41 | 154.3 | 4.99 | 55.45 | 116.96 | 2.61 | 58.18 | 117.5 | 0.33 | 13.79 | -2.94 | 13.24 | 14.24 | 96.15 | 94.24 | -9.15 | -24.91 | 69.51 | -31.53 | 45.68 | 30.42 | 2105.26 | -41.83 | 2.93 | 26.29 | 42.23 |
| 20Q2 (4) | 0.48 | 176.19 | 0.0 | 11.53 | 277.11 | 0.0 | 7.14 | 160.46 | 0.0 | 7.03 | 155.66 | 0.0 | 5.21 | 155.02 | 0.0 | 3.21 | 175.53 | 0.0 | 1.65 | 194.29 | 0.0 | 0.29 | 45.0 | 0.0 | 11.59 | 293.81 | 0.0 | 103.73 | -14.8 | 0.0 | 101.52 | 8.56 | 0.0 | -1.52 | -123.38 | 0.0 | 2.32 | -30.12 | 0.0 |
| 20Q1 (3) | -0.63 | -950.0 | 0.0 | -6.51 | -255.0 | 0.0 | -11.81 | -4474.07 | 0.0 | -12.63 | 0 | 0.0 | -9.47 | -1794.0 | 0.0 | -4.25 | -1018.42 | 0.0 | -1.75 | -4275.0 | 0.0 | 0.20 | -41.18 | 0.0 | -5.98 | -272.33 | 0.0 | 121.75 | 1.87 | 0.0 | 93.51 | 0 | 0.0 | 6.49 | 0 | 0.0 | 3.32 | 127.4 | 0.0 |
| 19Q4 (2) | -0.06 | -116.67 | 0.0 | 4.20 | -25.4 | 0.0 | 0.27 | -83.02 | 0.0 | 0.00 | -100.0 | 0.0 | -0.50 | -116.56 | 0.0 | -0.38 | -116.52 | 0.0 | -0.04 | -103.33 | 0.0 | 0.34 | 0.0 | 0.0 | 3.47 | -48.59 | 0.0 | 119.51 | -4.78 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 1.46 | -29.13 | 0.0 |
| 19Q3 (1) | 0.36 | 0.0 | 0.0 | 5.63 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 3.02 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 1.20 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 6.75 | 0.0 | 0.0 | 125.51 | 0.0 | 0.0 | 47.71 | 0.0 | 0.0 | 52.29 | 0.0 | 0.0 | 2.06 | 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) | -0.21 | 0 | 3.02 | 542.55 | -0.27 | 0 | 2.52 | 3.07 | -0.21 | 0 | -0.39 | 0 | -1.01 | 0 | 0.07 | 0 | 1.38 | -1.43 | 3.12 | 305.19 | 85.22 | -9.03 | 126.11 | -8.48 | -26.11 | 0 | 0.01 | -39.44 | 2.03 | 1.0 |
| 2022 (9) | -0.94 | 0 | 0.47 | -92.5 | -3.26 | 0 | 2.44 | 14.33 | -2.37 | 0 | -1.70 | 0 | -4.41 | 0 | -1.93 | 0 | 1.40 | -16.17 | 0.77 | -87.27 | 93.68 | 17.31 | 137.80 | 55.87 | -37.75 | 0 | 0.02 | -12.99 | 2.01 | 8.06 |
| 2021 (8) | 1.66 | 2.47 | 6.27 | -29.87 | 2.99 | -31.74 | 2.13 | -35.82 | 3.38 | -34.62 | 2.62 | -36.25 | 7.83 | -16.52 | 4.77 | -9.49 | 1.67 | 43.97 | 6.05 | -35.84 | 79.86 | 3.55 | 88.41 | 4.35 | 11.59 | -24.14 | 0.02 | -43.49 | 1.86 | -29.28 |
| 2020 (7) | 1.62 | 0 | 8.94 | 171.73 | 4.38 | 0 | 3.33 | 31.93 | 5.17 | 0 | 4.11 | 0 | 9.38 | 0 | 5.27 | 1217.5 | 1.16 | -15.94 | 9.43 | 196.54 | 77.12 | -35.47 | 84.72 | -57.16 | 15.28 | 0 | 0.04 | 226.92 | 2.63 | 35.57 |
| 2019 (6) | -0.11 | 0 | 3.29 | -40.72 | -0.56 | 0 | 2.52 | 6.06 | -0.28 | 0 | -0.22 | 0 | -0.70 | 0 | 0.40 | -83.54 | 1.38 | 2.22 | 3.18 | -38.13 | 119.51 | -9.09 | 197.77 | 74.1 | -98.32 | 0 | 0.01 | -27.6 | 1.94 | -9.35 |
| 2018 (5) | 0.59 | -70.79 | 5.55 | -27.26 | 1.76 | -55.33 | 2.38 | 7.19 | 1.55 | -73.28 | 1.23 | -73.43 | 3.67 | -68.92 | 2.43 | -62.67 | 1.35 | 8.87 | 5.14 | -43.14 | 131.46 | 17.72 | 113.59 | 67.06 | -13.59 | 0 | 0.02 | 0 | 2.14 | -15.75 |
| 2017 (4) | 2.02 | 110.42 | 7.63 | 8.07 | 3.94 | 32.21 | 2.22 | -21.21 | 5.80 | 79.01 | 4.63 | 80.16 | 11.81 | 97.49 | 6.51 | 80.83 | 1.24 | 6.9 | 9.04 | 27.86 | 111.67 | 14.26 | 68.00 | -25.97 | 32.00 | 296.45 | 0.00 | 0 | 2.54 | 5.83 |
| 2016 (3) | 0.96 | 0 | 7.06 | 114.59 | 2.98 | 0 | 2.81 | -10.54 | 3.24 | 0 | 2.57 | 0 | 5.98 | 0 | 3.60 | 1340.0 | 1.16 | 7.41 | 7.07 | 100.28 | 97.73 | -7.28 | 91.85 | -0.47 | 8.07 | 4.62 | 0.00 | 0 | 2.40 | 14.83 |
| 2015 (2) | -0.15 | 0 | 3.29 | 31.08 | -0.69 | 0 | 3.15 | 23.79 | -0.74 | 0 | -0.40 | 0 | -0.94 | 0 | 0.25 | 0.0 | 1.08 | -10.0 | 3.53 | 19.66 | 105.40 | -19.67 | 92.28 | -6.3 | 7.72 | 410.55 | 0.00 | 0 | 2.09 | 32.28 |
| 2014 (1) | -0.21 | 0 | 2.51 | 0 | -0.73 | 0 | 2.54 | 13.43 | -0.74 | 0 | -0.46 | 0 | -1.29 | 0 | 0.25 | 0 | 1.20 | 1.69 | 2.95 | -34.0 | 131.21 | -4.18 | 98.49 | 0 | 1.51 | -98.79 | 0.00 | 0 | 1.58 | 5.33 |
