- 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) | 0.49 | -19.67 | -42.35 | 18.66 | -2.41 | 0.43 | 5.12 | 23.67 | -4.3 | 4.46 | -34.02 | -47.84 | 3.95 | -27.52 | -46.26 | 1.81 | -18.83 | -46.76 | 1.36 | -16.56 | -43.33 | 0.33 | 13.79 | 3.13 | 6.52 | -28.9 | -39.8 | 38.50 | -3.94 | -10.9 | 113.41 | 85.13 | 82.72 | -14.63 | -137.78 | -139.3 | 28.70 | -5.37 | 1.13 |
| 24Q2 (19) | 0.61 | -57.64 | 45.24 | 19.12 | 0.63 | 11.16 | 4.14 | -46.85 | 53.9 | 6.76 | -34.24 | 34.66 | 5.45 | -40.18 | 33.91 | 2.23 | -59.23 | 31.18 | 1.63 | -57.55 | 33.61 | 0.29 | -29.27 | 0.0 | 9.17 | -24.21 | 20.18 | 40.08 | -13.43 | -14.71 | 61.26 | -19.0 | 14.86 | 38.74 | 58.96 | -16.99 | 30.33 | 26.74 | -4.32 |
| 24Q1 (18) | 1.44 | 323.53 | 171.7 | 19.00 | 3.71 | 9.57 | 7.79 | 73.11 | 60.62 | 10.28 | 211.52 | 102.76 | 9.11 | 191.99 | 106.11 | 5.47 | 314.39 | 153.24 | 3.84 | 300.0 | 143.04 | 0.41 | 41.38 | 20.59 | 12.10 | 109.71 | 61.33 | 46.30 | -1.32 | 3.6 | 75.63 | -44.61 | -20.81 | 24.37 | 166.7 | 442.23 | 23.93 | -24.94 | -16.5 |
| 23Q4 (17) | 0.34 | -60.0 | 25.93 | 18.32 | -1.4 | 5.9 | 4.50 | -15.89 | 22.95 | 3.30 | -61.4 | 19.13 | 3.12 | -57.55 | 30.54 | 1.32 | -61.18 | 20.0 | 0.96 | -60.0 | 20.0 | 0.29 | -9.38 | -6.45 | 5.77 | -46.72 | 6.07 | 46.92 | 8.59 | 1.3 | 136.54 | 119.98 | 2.4 | -36.54 | -198.11 | -9.62 | 31.88 | 12.33 | -4.21 |
| 23Q3 (16) | 0.85 | 102.38 | 39.34 | 18.58 | 8.02 | 20.03 | 5.35 | 98.88 | 120.16 | 8.55 | 70.32 | 56.88 | 7.35 | 80.59 | 54.09 | 3.40 | 100.0 | 30.27 | 2.40 | 96.72 | 36.36 | 0.32 | 10.34 | -8.57 | 10.83 | 41.94 | 39.92 | 43.21 | -8.04 | -21.41 | 62.07 | 16.38 | 38.98 | 37.24 | -20.2 | -32.7 | 28.38 | -10.47 | 0.0 |
| 23Q2 (15) | 0.42 | -20.75 | 2.44 | 17.20 | -0.81 | 8.31 | 2.69 | -44.54 | 56.4 | 5.02 | -0.99 | 26.77 | 4.07 | -7.92 | 15.3 | 1.70 | -21.3 | -6.08 | 1.22 | -22.78 | 6.09 | 0.29 | -14.71 | -3.33 | 7.63 | 1.73 | 18.85 | 46.99 | 5.15 | -21.05 | 53.33 | -44.16 | 23.22 | 46.67 | 938.33 | -17.72 | 31.70 | 10.61 | 5.11 |
| 23Q1 (14) | 0.53 | 96.3 | -31.17 | 17.34 | 0.23 | 6.97 | 4.85 | 32.51 | 11.49 | 5.07 | 83.03 | -11.05 | 4.42 | 84.94 | -8.87 | 2.16 | 96.36 | -39.83 | 1.58 | 97.5 | -25.47 | 0.34 | 9.68 | -19.05 | 7.50 | 37.87 | 1.9 | 44.69 | -3.52 | -42.19 | 95.51 | -28.37 | 24.82 | 4.49 | 113.48 | -80.86 | 28.66 | -13.88 | 24.07 |
| 22Q4 (13) | 0.27 | -55.74 | 250.0 | 17.30 | 11.76 | 27.11 | 3.66 | 50.62 | 230.25 | 2.77 | -49.17 | 228.24 | 2.39 | -49.9 | 238.15 | 1.10 | -57.85 | 232.53 | 0.80 | -54.55 | 277.78 | 0.31 | -11.43 | 6.9 | 5.44 | -29.72 | 1260.0 | 46.32 | -15.75 | -34.5 | 133.33 | 198.55 | 1.59 | -33.33 | -160.23 | -6.67 | 33.28 | 17.27 | 4.26 |
| 22Q3 (12) | 0.61 | 48.78 | 390.48 | 15.48 | -2.52 | 14.58 | 2.43 | 41.28 | 193.82 | 5.45 | 37.63 | 440.62 | 4.77 | 35.13 | 355.08 | 2.61 | 44.2 | 363.64 | 1.76 | 53.04 | 393.33 | 0.35 | 16.67 | 2.94 | 7.74 | 20.56 | 1055.22 | 54.98 | -7.63 | -8.84 | 44.66 | 3.18 | -73.0 | 55.34 | -2.43 | 184.64 | 28.38 | -5.9 | -0.77 |
| 22Q2 (11) | 0.41 | -46.75 | 148.81 | 15.88 | -2.04 | 108.4 | 1.72 | -60.46 | 113.1 | 3.96 | -30.53 | 128.14 | 3.53 | -27.22 | 126.32 | 1.81 | -49.58 | 147.63 | 1.15 | -45.75 | 147.13 | 0.30 | -28.57 | 57.89 | 6.42 | -12.77 | 162.03 | 59.52 | -23.0 | 28.14 | 43.28 | -43.43 | -53.85 | 56.72 | 141.5 | 712.94 | 30.16 | 30.56 | -27.78 |
| 22Q1 (10) | 0.77 | 527.78 | 148.39 | 16.21 | 19.1 | -1.58 | 4.35 | 254.8 | 52.63 | 5.70 | 363.89 | 59.22 | 4.85 | 380.35 | 85.11 | 3.59 | 532.53 | 165.93 | 2.12 | 571.11 | 130.43 | 0.42 | 44.83 | 27.27 | 7.36 | 1740.0 | 22.87 | 77.30 | 9.3 | 33.44 | 76.52 | -41.7 | -4.75 | 23.48 | 175.15 | 10.2 | 23.10 | -27.63 | -19.32 |
| 21Q4 (9) | -0.18 | 14.29 | 86.57 | 13.61 | 0.74 | 68.86 | -2.81 | -8.49 | 79.28 | -2.16 | -35.0 | 87.46 | -1.73 | 7.49 | 89.06 | -0.83 | 16.16 | 85.57 | -0.45 | 25.0 | 87.57 | 0.29 | -14.71 | 26.09 | 0.40 | -40.3 | 102.86 | 70.72 | 17.26 | 31.89 | 131.25 | -20.64 | 66.41 | -31.25 | 52.21 | -247.92 | 31.92 | 11.61 | -14.95 |
| 21Q3 (8) | -0.21 | 75.0 | 34.38 | 13.51 | 77.3 | 11.56 | -2.59 | 80.27 | -3.6 | -1.60 | 88.63 | 48.22 | -1.87 | 86.06 | 29.43 | -0.99 | 73.95 | 21.43 | -0.60 | 75.41 | 16.67 | 0.34 | 78.95 | 17.24 | 0.67 | 106.47 | 187.01 | 60.31 | 29.84 | 4.0 | 165.38 | 76.32 | 104.76 | -65.38 | -1037.18 | -440.0 | 28.60 | -31.51 | 5.07 |
| 21Q2 (7) | -0.84 | -370.97 | 3.45 | 7.62 | -53.73 | -18.06 | -13.13 | -560.7 | -8.07 | -14.07 | -493.02 | -6.35 | -13.41 | -611.83 | -15.01 | -3.80 | -381.48 | -13.77 | -2.44 | -365.22 | -23.23 | 0.19 | -42.42 | 5.56 | -10.35 | -272.79 | -14.62 | 46.45 | -19.82 | -27.34 | 93.80 | 16.77 | 2.52 | 6.98 | -67.26 | -10.57 | 41.76 | 45.86 | 0 |
| 21Q1 (6) | 0.31 | 123.13 | 342.86 | 16.47 | 104.34 | 21.82 | 2.85 | 121.02 | 408.93 | 3.58 | 120.78 | 181.89 | 2.62 | 116.56 | 457.45 | 1.35 | 123.48 | 462.5 | 0.92 | 125.41 | 253.85 | 0.33 | 43.48 | 0.0 | 5.99 | 142.79 | 67.32 | 57.93 | 8.04 | -0.12 | 80.33 | 1.84 | 82.56 | 21.31 | 0.87 | -61.94 | 28.63 | -23.71 | 0 |
| 20Q4 (5) | -1.34 | -318.75 | -2133.33 | 8.06 | -33.44 | -30.4 | -13.56 | -442.4 | -325.08 | -17.23 | -457.61 | -301.63 | -15.82 | -496.98 | -2261.19 | -5.75 | -356.35 | -1953.57 | -3.62 | -402.78 | -3520.0 | 0.23 | -20.69 | -17.86 | -14.00 | -1718.18 | -914.49 | 53.62 | -7.54 | 1.59 | 78.87 | -2.35 | 6.71 | 21.13 | 9.86 | -19.01 | 37.53 | 37.88 | 7.88 |
| 20Q3 (4) | -0.32 | 63.22 | 0.0 | 12.11 | 30.22 | 0.0 | -2.50 | 79.42 | 0.0 | -3.09 | 76.64 | 0.0 | -2.65 | 77.27 | 0.0 | -1.26 | 62.28 | 0.0 | -0.72 | 63.64 | 0.0 | 0.29 | 61.11 | 0.0 | -0.77 | 91.47 | 0.0 | 57.99 | -9.29 | 0.0 | 80.77 | -11.72 | 0.0 | 19.23 | 146.5 | 0.0 | 27.22 | 0 | 0.0 |
| 20Q2 (3) | -0.87 | -1342.86 | 0.0 | 9.30 | -31.21 | 0.0 | -12.15 | -2269.64 | 0.0 | -13.23 | -1141.73 | 0.0 | -11.66 | -2580.85 | 0.0 | -3.34 | -1491.67 | 0.0 | -1.98 | -861.54 | 0.0 | 0.18 | -45.45 | 0.0 | -9.03 | -352.23 | 0.0 | 63.93 | 10.22 | 0.0 | 91.49 | 107.93 | 0.0 | 7.80 | -86.07 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.07 | 216.67 | 0.0 | 13.52 | 16.75 | 0.0 | 0.56 | 117.55 | 0.0 | 1.27 | 129.6 | 0.0 | 0.47 | 170.15 | 0.0 | 0.24 | 185.71 | 0.0 | 0.26 | 360.0 | 0.0 | 0.33 | 17.86 | 0.0 | 3.58 | 359.42 | 0.0 | 58.00 | 9.89 | 0.0 | 44.00 | -40.47 | 0.0 | 56.00 | 114.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.06 | 0.0 | 0.0 | 11.58 | 0.0 | 0.0 | -3.19 | 0.0 | 0.0 | -4.29 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | -0.28 | 0.0 | 0.0 | -0.10 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | -1.38 | 0.0 | 0.0 | 52.78 | 0.0 | 0.0 | 73.91 | 0.0 | 0.0 | 26.09 | 0.0 | 0.0 | 34.79 | 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) | 2.13 | 3.4 | 17.87 | 10.38 | 4.40 | 40.58 | 2.04 | 12.33 | 5.53 | 19.96 | 4.79 | 19.75 | 8.61 | -5.7 | 6.12 | 0.16 | 1.23 | -15.17 | 7.97 | 16.69 | 46.92 | 1.3 | 79.44 | 16.81 | 20.56 | -36.31 | 0.18 | -26.71 | 30.06 | 6.52 |
| 2022 (9) | 2.06 | 0 | 16.19 | 20.19 | 3.13 | 0 | 1.82 | -19.37 | 4.61 | 0 | 4.00 | 0 | 9.13 | 0 | 6.11 | 0 | 1.45 | 29.46 | 6.83 | 1607.5 | 46.32 | -34.5 | 68.01 | -44.98 | 32.28 | 0 | 0.25 | -18.19 | 28.22 | -10.58 |
| 2021 (8) | -0.92 | 0 | 13.47 | 19.84 | -2.72 | 0 | 2.26 | -1.65 | -2.20 | 0 | -2.34 | 0 | -4.27 | 0 | -2.44 | 0 | 1.12 | 1.82 | 0.40 | 0 | 70.72 | 31.89 | 123.62 | 43.6 | -23.62 | 0 | 0.31 | -22.67 | 31.56 | -1.87 |
| 2020 (7) | -2.45 | 0 | 11.24 | -19.19 | -5.49 | 0 | 2.29 | 14.89 | -6.38 | 0 | -5.95 | 0 | -10.01 | 0 | -6.18 | 0 | 1.10 | -14.73 | -3.55 | 0 | 53.62 | 1.59 | 86.09 | -22.05 | 13.91 | 0 | 0.40 | 10.21 | 32.16 | 12.09 |
| 2019 (6) | 0.55 | 1.85 | 13.91 | 8.5 | 0.97 | 1516.67 | 2.00 | 17.1 | 0.87 | -34.09 | 1.05 | 34.62 | 2.10 | 25.75 | 1.92 | 16.36 | 1.29 | -4.44 | 3.47 | -3.61 | 52.78 | -7.76 | 110.45 | 2329.85 | -11.94 | 0 | 0.36 | -73.59 | 28.69 | 1.99 |
| 2018 (5) | 0.54 | -15.62 | 12.82 | 1.99 | 0.06 | -66.67 | 1.71 | 7.61 | 1.32 | 21.1 | 0.78 | 32.2 | 1.67 | 38.02 | 1.65 | 46.02 | 1.35 | 6.3 | 3.60 | 17.65 | 57.22 | -3.0 | 4.55 | -72.73 | 95.45 | 13.04 | 1.36 | 0 | 28.13 | -1.57 |
| 2017 (4) | 0.64 | -58.44 | 12.57 | -23.12 | 0.18 | -94.27 | 1.58 | 14.66 | 1.09 | -60.93 | 0.59 | -69.59 | 1.21 | -71.73 | 1.13 | -60.35 | 1.27 | -0.78 | 3.06 | -32.75 | 58.99 | -7.29 | 16.67 | -85.21 | 84.44 | 0 | 0.00 | 0 | 28.58 | 8.96 |
| 2016 (3) | 1.54 | 136.92 | 16.35 | 0.06 | 3.14 | 0 | 1.38 | 4.91 | 2.79 | 0 | 1.94 | 0 | 4.28 | 0 | 2.85 | 0 | 1.28 | 6.67 | 4.55 | 523.29 | 63.63 | -20.19 | 112.69 | -62.44 | -12.69 | 0 | 0.00 | 0 | 26.23 | 7.5 |
| 2015 (2) | 0.65 | -32.99 | 16.34 | -9.47 | -3.35 | 0 | 1.32 | 21.59 | -1.12 | 0 | -2.01 | 0 | -4.35 | 0 | -1.97 | 0 | 1.20 | 12.15 | 0.73 | -47.1 | 79.73 | -3.4 | 300.00 | -80.55 | -200.00 | 0 | 0.00 | 0 | 24.40 | 8.01 |
| 2014 (1) | 0.97 | -40.12 | 18.05 | 0 | -5.57 | 0 | 1.08 | -3.68 | -0.37 | 0 | -1.52 | 0 | -2.95 | 0 | -1.14 | 0 | 1.07 | -2.73 | 1.38 | -39.21 | 82.54 | 3.19 | 1542.42 | 2151.11 | -1442.42 | 0 | 0.00 | 0 | 22.59 | 5.31 |
