- 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) | 1.33 | 1230.0 | 10.83 | 25.27 | -2.58 | 11.47 | 10.67 | 3456.67 | 27.33 | 11.50 | 383.19 | 13.41 | 10.64 | 525.88 | 14.78 | 4.97 | 1142.5 | 8.99 | 3.24 | 980.0 | 10.2 | 0.30 | 100.0 | -3.23 | 14.40 | 76.04 | 6.43 | 55.53 | -0.09 | -12.89 | 92.38 | 823.81 | 12.26 | 7.62 | -91.53 | -56.97 | 9.46 | -45.91 | 4.3 |
| 24Q2 (19) | 0.10 | 120.41 | -28.57 | 25.94 | 32.89 | 52.68 | 0.30 | 103.35 | 103.01 | 2.38 | 135.1 | -36.53 | 1.70 | 121.63 | -36.33 | 0.40 | 120.94 | -27.27 | 0.30 | 124.39 | -26.83 | 0.15 | -6.25 | 7.14 | 8.18 | 1040.23 | -34.92 | 55.58 | 7.82 | 10.26 | 10.00 | -92.44 | 103.68 | 90.00 | 379.0 | -75.77 | 17.49 | -8.67 | -9.85 |
| 24Q1 (18) | -0.49 | 32.88 | 27.94 | 19.52 | 8.02 | 33.88 | -8.96 | 39.21 | 47.33 | -6.78 | 48.2 | 53.69 | -7.86 | 29.38 | 46.13 | -1.91 | 29.78 | 25.39 | -1.23 | 28.07 | 25.45 | 0.16 | 0.0 | 33.33 | -0.87 | 87.05 | 80.27 | 51.55 | 7.91 | 5.48 | 132.26 | 17.14 | 14.02 | -32.26 | -150.0 | -101.61 | 19.15 | -4.15 | -12.12 |
| 23Q4 (17) | -0.73 | -160.83 | -223.73 | 18.07 | -20.29 | -21.57 | -14.74 | -275.89 | -412.95 | -13.09 | -229.09 | -262.81 | -11.13 | -220.06 | -289.29 | -2.72 | -159.65 | -225.35 | -1.71 | -158.16 | -221.28 | 0.16 | -48.39 | -33.33 | -6.72 | -149.67 | -151.97 | 47.77 | -25.07 | -11.47 | 112.90 | 37.2 | 90.32 | -12.90 | -172.87 | -130.45 | 19.98 | 120.29 | 48.66 |
| 23Q3 (16) | 1.20 | 757.14 | -2.44 | 22.67 | 33.43 | -0.44 | 8.38 | 183.97 | -10.76 | 10.14 | 170.4 | -18.94 | 9.27 | 247.19 | -6.83 | 4.56 | 729.09 | -2.77 | 2.94 | 617.07 | 0.34 | 0.31 | 121.43 | 6.9 | 13.53 | 7.64 | -17.8 | 63.75 | 26.46 | 9.35 | 82.29 | 130.32 | 9.4 | 17.71 | -95.23 | -28.53 | 9.07 | -53.25 | -4.32 |
| 23Q2 (15) | 0.14 | 120.59 | -84.78 | 16.99 | 16.53 | -23.05 | -9.98 | 41.33 | -215.51 | 3.75 | 125.61 | -63.7 | 2.67 | 118.3 | -66.46 | 0.55 | 121.48 | -83.97 | 0.41 | 124.85 | -81.7 | 0.14 | 16.67 | -50.0 | 12.57 | 385.03 | -14.95 | 50.41 | 3.15 | -17.99 | -271.43 | -333.99 | -423.48 | 371.43 | 2421.43 | 2208.16 | 19.40 | -10.97 | 110.41 |
| 23Q1 (14) | -0.68 | -215.25 | -166.67 | 14.58 | -36.72 | -35.43 | -17.01 | -461.15 | -286.92 | -14.64 | -282.09 | -240.36 | -14.59 | -348.13 | -275.57 | -2.56 | -217.97 | -168.82 | -1.65 | -217.02 | -167.35 | 0.12 | -50.0 | -58.62 | -4.41 | -134.11 | -130.56 | 48.87 | -9.43 | 5.89 | 116.00 | 95.54 | 33.19 | -16.00 | -137.76 | -224.0 | 21.79 | 62.13 | 147.9 |
| 22Q4 (13) | 0.59 | -52.03 | -38.54 | 23.04 | 1.19 | 3.18 | 4.71 | -49.84 | -32.33 | 8.04 | -35.73 | -6.51 | 5.88 | -40.9 | -17.76 | 2.17 | -53.73 | -41.03 | 1.41 | -51.88 | -39.74 | 0.24 | -17.24 | -27.27 | 12.93 | -21.45 | 11.47 | 53.96 | -7.44 | -6.22 | 59.32 | -21.14 | -26.92 | 42.37 | 71.0 | 125.11 | 13.44 | 41.77 | 34.13 |
| 22Q3 (12) | 1.23 | 33.7 | -27.22 | 22.77 | 3.13 | -11.4 | 9.39 | 8.68 | -31.71 | 12.51 | 21.1 | -13.31 | 9.95 | 25.0 | -13.25 | 4.69 | 36.73 | -27.73 | 2.93 | 30.8 | -32.8 | 0.29 | 3.57 | -23.68 | 16.46 | 11.37 | -3.74 | 58.30 | -5.16 | 0.4 | 75.22 | -10.35 | -21.22 | 24.78 | 53.98 | 448.67 | 9.48 | 2.82 | 22.48 |
| 22Q2 (11) | 0.92 | -9.8 | -10.68 | 22.08 | -2.21 | -16.08 | 8.64 | -5.05 | -23.2 | 10.33 | -0.96 | -6.52 | 7.96 | -4.21 | -17.34 | 3.43 | -7.8 | -14.25 | 2.24 | -8.57 | -20.57 | 0.28 | -3.45 | -3.45 | 14.78 | 2.43 | 1.03 | 61.47 | 33.2 | 53.44 | 83.91 | -3.66 | -17.05 | 16.09 | 24.71 | 800.0 | 9.22 | 4.89 | -2.02 |
| 22Q1 (10) | 1.02 | 6.25 | -5.56 | 22.58 | 1.12 | -18.86 | 9.10 | 30.75 | -25.04 | 10.43 | 21.28 | -21.64 | 8.31 | 16.22 | -21.46 | 3.72 | 1.09 | -14.68 | 2.45 | 4.7 | -19.14 | 0.29 | -12.12 | 0.0 | 14.43 | 24.4 | -14.56 | 46.15 | -19.79 | 5.61 | 87.10 | 7.29 | -4.38 | 12.90 | -31.45 | 44.8 | 8.79 | -12.28 | -12.45 |
| 21Q4 (9) | 0.96 | -43.2 | 11.63 | 22.33 | -13.11 | -6.45 | 6.96 | -49.38 | 12.62 | 8.60 | -40.4 | 4.12 | 7.15 | -37.66 | 7.2 | 3.68 | -43.3 | 1.94 | 2.34 | -46.33 | -3.7 | 0.33 | -13.16 | -8.33 | 11.60 | -32.16 | 6.42 | 57.54 | -0.91 | 28.78 | 81.18 | -14.98 | 8.24 | 18.82 | 316.81 | -24.71 | 10.02 | 29.46 | 4.81 |
| 21Q3 (8) | 1.69 | 64.08 | -1.17 | 25.70 | -2.32 | -0.85 | 13.75 | 22.22 | 16.62 | 14.43 | 30.59 | 0.21 | 11.47 | 19.11 | 0.26 | 6.49 | 62.25 | -14.38 | 4.36 | 54.61 | -15.99 | 0.38 | 31.03 | -15.56 | 17.10 | 16.88 | 4.84 | 58.07 | 44.96 | 10.53 | 95.48 | -5.6 | 16.46 | 4.52 | 296.45 | -74.93 | 7.74 | -17.75 | 2.65 |
| 21Q2 (7) | 1.03 | -4.63 | 119.15 | 26.31 | -5.46 | 10.13 | 11.25 | -7.33 | 95.31 | 11.05 | -16.98 | 46.94 | 9.63 | -8.98 | 78.0 | 4.00 | -8.26 | 95.12 | 2.82 | -6.93 | 91.84 | 0.29 | 0.0 | 7.41 | 14.63 | -13.38 | 36.09 | 40.06 | -8.33 | 2.4 | 101.15 | 11.04 | 32.94 | -2.30 | -125.8 | -109.61 | 9.41 | -6.27 | 0 |
| 21Q1 (6) | 1.08 | 25.58 | 535.29 | 27.83 | 16.59 | 34.7 | 12.14 | 96.44 | 421.03 | 13.31 | 61.14 | 319.87 | 10.58 | 58.62 | 356.03 | 4.36 | 20.78 | 473.68 | 3.03 | 24.69 | 431.58 | 0.29 | -19.44 | 16.0 | 16.89 | 54.95 | 143.02 | 43.70 | -2.19 | 12.22 | 91.09 | 21.45 | 29.04 | 8.91 | -64.36 | -62.13 | 10.04 | 5.02 | 0 |
| 20Q4 (5) | 0.86 | -49.71 | 258.33 | 23.87 | -7.91 | 38.46 | 6.18 | -47.58 | 323.91 | 8.26 | -42.64 | 148.8 | 6.67 | -41.7 | 141.67 | 3.61 | -52.37 | 237.38 | 2.43 | -53.18 | 207.59 | 0.36 | -20.0 | 24.14 | 10.90 | -33.17 | 62.2 | 44.68 | -14.96 | 70.4 | 75.00 | -8.52 | 192.65 | 25.00 | 38.79 | -86.18 | 9.56 | 26.79 | 0 |
| 20Q3 (4) | 1.71 | 263.83 | 0.0 | 25.92 | 8.5 | 0.0 | 11.79 | 104.69 | 0.0 | 14.40 | 91.49 | 0.0 | 11.44 | 111.46 | 0.0 | 7.58 | 269.76 | 0.0 | 5.19 | 253.06 | 0.0 | 0.45 | 66.67 | 0.0 | 16.31 | 51.72 | 0.0 | 52.54 | 34.3 | 0.0 | 81.99 | 7.76 | 0.0 | 18.01 | -24.68 | 0.0 | 7.54 | 0 | 0.0 |
| 20Q2 (3) | 0.47 | 176.47 | 0.0 | 23.89 | 15.63 | 0.0 | 5.76 | 147.21 | 0.0 | 7.52 | 137.22 | 0.0 | 5.41 | 133.19 | 0.0 | 2.05 | 169.74 | 0.0 | 1.47 | 157.89 | 0.0 | 0.27 | 8.0 | 0.0 | 10.75 | 54.68 | 0.0 | 39.12 | 0.46 | 0.0 | 76.09 | 7.79 | 0.0 | 23.91 | 1.63 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.17 | -29.17 | 0.0 | 20.66 | 19.84 | 0.0 | 2.33 | 184.42 | 0.0 | 3.17 | -4.52 | 0.0 | 2.32 | -15.94 | 0.0 | 0.76 | -28.97 | 0.0 | 0.57 | -27.85 | 0.0 | 0.25 | -13.79 | 0.0 | 6.95 | 3.42 | 0.0 | 38.94 | 48.51 | 0.0 | 70.59 | 187.2 | 0.0 | 23.53 | -87.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 17.24 | 0.0 | 0.0 | -2.76 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 2.76 | 0.0 | 0.0 | 1.07 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 6.72 | 0.0 | 0.0 | 26.22 | 0.0 | 0.0 | -80.95 | 0.0 | 0.0 | 180.95 | 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) | -0.06 | 0 | 19.36 | -14.34 | -4.05 | 0 | 5.83 | 37.81 | -0.08 | 0 | -0.21 | 0 | -0.23 | 0 | 0.01 | -99.89 | 0.72 | -33.94 | 6.02 | -59.05 | 47.77 | -11.47 | 4350.00 | 5504.2 | -4250.00 | 0 | 0.00 | 0 | 15.35 | 52.13 |
| 2022 (9) | 3.76 | -20.34 | 22.60 | -10.85 | 8.11 | -26.27 | 4.23 | 34.01 | 10.44 | -11.97 | 8.13 | -16.19 | 13.83 | -25.61 | 8.90 | -27.58 | 1.09 | -14.17 | 14.70 | -2.07 | 53.96 | -6.22 | 77.62 | -16.32 | 22.38 | 208.98 | 0.00 | 0 | 10.09 | 9.55 |
| 2021 (8) | 4.72 | 47.96 | 25.35 | 5.41 | 11.00 | 48.45 | 3.16 | 24.2 | 11.86 | 26.17 | 9.70 | 31.79 | 18.59 | 34.13 | 12.29 | 20.37 | 1.27 | -7.97 | 15.01 | 24.15 | 57.54 | 28.78 | 92.76 | 17.6 | 7.24 | -65.71 | 0.00 | 0 | 9.21 | -3.76 |
| 2020 (7) | 3.19 | 61.11 | 24.05 | 8.63 | 7.41 | 46.73 | 2.54 | -12.89 | 9.40 | 25.67 | 7.36 | 25.6 | 13.86 | 54.17 | 10.21 | 54.0 | 1.38 | 22.12 | 12.09 | 9.02 | 44.68 | 70.4 | 78.88 | 16.69 | 21.12 | -34.81 | 0.00 | 0 | 9.57 | -18.62 |
| 2019 (6) | 1.98 | -44.85 | 22.14 | -9.82 | 5.05 | -42.35 | 2.92 | 24.32 | 7.48 | -30.42 | 5.86 | -29.23 | 8.99 | -38.76 | 6.63 | -33.96 | 1.13 | -6.61 | 11.09 | -21.24 | 26.22 | -42.86 | 67.60 | -17.28 | 32.40 | 73.85 | 0.00 | 0 | 11.76 | 8.29 |
| 2018 (5) | 3.59 | 49.58 | 24.55 | 0.7 | 8.76 | 20.99 | 2.35 | 58.43 | 10.75 | 43.14 | 8.28 | 36.41 | 14.68 | 39.68 | 10.04 | 38.87 | 1.21 | 1.68 | 14.08 | 36.83 | 45.89 | -2.09 | 81.72 | -15.03 | 18.64 | 387.25 | 0.00 | 0 | 10.86 | 0.65 |
| 2017 (4) | 2.40 | -49.58 | 24.38 | -1.65 | 7.24 | -16.78 | 1.48 | 61.67 | 7.51 | -35.65 | 6.07 | -38.06 | 10.51 | -42.28 | 7.23 | -44.3 | 1.19 | -9.85 | 10.29 | -26.6 | 46.87 | 6.81 | 96.17 | 29.26 | 3.83 | -84.85 | 0.00 | 0 | 10.79 | 11.58 |
| 2016 (3) | 4.76 | -30.51 | 24.79 | -10.34 | 8.70 | -22.87 | 0.92 | 26.68 | 11.67 | -10.09 | 9.80 | -12.11 | 18.21 | -27.22 | 12.98 | -25.96 | 1.32 | -15.92 | 14.02 | -6.84 | 43.88 | 19.86 | 74.40 | -14.39 | 25.26 | 92.91 | 0.00 | 0 | 9.67 | 20.88 |
| 2015 (2) | 6.85 | 356.67 | 27.65 | 15.88 | 11.28 | 317.78 | 0.72 | -12.73 | 12.98 | 225.31 | 11.15 | 298.21 | 25.02 | 317.7 | 17.53 | 322.41 | 1.57 | 5.37 | 15.05 | 157.71 | 36.61 | -26.41 | 86.91 | 28.36 | 13.09 | -59.46 | 0.00 | 0 | 8.00 | -2.56 |
| 2014 (1) | 1.50 | -50.5 | 23.86 | 0 | 2.70 | 0 | 0.83 | 4.09 | 3.99 | 0 | 2.80 | 0 | 5.99 | 0 | 4.15 | 0 | 1.49 | 15.5 | 5.84 | -29.13 | 49.75 | 29.02 | 67.71 | 6.08 | 32.29 | -10.72 | 0.00 | 0 | 8.21 | -4.53 |
