- 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) | 0.26 | -33.33 | -42.22 | 36.30 | -6.52 | -5.37 | 7.30 | -28.78 | -5.81 | 6.17 | -39.39 | -30.91 | 5.41 | -31.52 | -40.48 | 1.18 | -32.57 | -41.29 | 0.76 | -28.97 | -35.59 | 0.12 | 0.0 | 0.0 | 16.00 | -18.53 | -13.89 | 80.53 | -8.01 | -9.07 | 119.57 | 18.05 | 39.13 | -17.39 | -1256.52 | -239.13 | 26.55 | 6.97 | 3.39 |
| 24Q2 (19) | 0.39 | -40.91 | -40.0 | 38.83 | -5.22 | 14.71 | 10.25 | 8.58 | 140.61 | 10.18 | 0.2 | 95.39 | 7.90 | -41.39 | -41.65 | 1.75 | -42.24 | -42.43 | 1.07 | -39.89 | -39.2 | 0.12 | 0.0 | 0.0 | 19.64 | 1.08 | 36.2 | 87.54 | 9.36 | 0.33 | 101.28 | 9.61 | 24.15 | -1.28 | -116.88 | -106.96 | 24.82 | -1.27 | -6.62 |
| 24Q1 (18) | 0.66 | 1.54 | 37.5 | 40.97 | 8.3 | 9.99 | 9.44 | -36.86 | -17.05 | 10.16 | -31.07 | -16.24 | 13.48 | -17.8 | 47.48 | 3.03 | -17.66 | 39.63 | 1.78 | -14.83 | 40.16 | 0.12 | 0.0 | -7.69 | 19.43 | -20.92 | -6.94 | 80.05 | -4.67 | -1.68 | 92.41 | -9.25 | -1.29 | 7.59 | 517.72 | 18.99 | 25.14 | -6.68 | 3.67 |
| 23Q4 (17) | 0.65 | 44.44 | 828.57 | 37.83 | -1.38 | 5.26 | 14.95 | 92.9 | 677.22 | 14.74 | 65.06 | 1288.71 | 16.40 | 80.42 | 716.54 | 3.68 | 83.08 | 684.13 | 2.09 | 77.12 | 1008.7 | 0.12 | 0.0 | 0.0 | 24.57 | 32.24 | 184.05 | 83.97 | -5.18 | -9.0 | 101.82 | 18.48 | -54.18 | -1.82 | -114.55 | 98.36 | 26.94 | 4.91 | 7.54 |
| 23Q3 (16) | 0.45 | -30.77 | 9.76 | 38.36 | 13.32 | 0.68 | 7.75 | 81.92 | -18.08 | 8.93 | 71.4 | -26.32 | 9.09 | -32.87 | 11.81 | 2.01 | -33.88 | 12.29 | 1.18 | -32.95 | 14.56 | 0.12 | 0.0 | 9.09 | 18.58 | 28.85 | -16.61 | 88.56 | 1.5 | -0.82 | 85.94 | 5.34 | 10.31 | 12.50 | -32.14 | -43.42 | 25.68 | -3.39 | 0.55 |
| 23Q2 (15) | 0.65 | 35.42 | 25.0 | 33.85 | -9.13 | -15.56 | 4.26 | -62.57 | -65.56 | 5.21 | -57.05 | -63.77 | 13.54 | 48.14 | 18.36 | 3.04 | 40.09 | 17.83 | 1.76 | 38.58 | 26.62 | 0.12 | -7.69 | 9.09 | 14.42 | -30.94 | -41.67 | 87.25 | 7.16 | -8.48 | 81.58 | -12.86 | -5.59 | 18.42 | 188.6 | 35.53 | 26.58 | 9.61 | 12.01 |
| 23Q1 (14) | 0.48 | 585.71 | 37.14 | 37.25 | 3.64 | -4.17 | 11.38 | 539.38 | 23.97 | 12.13 | 1078.23 | 23.65 | 9.14 | 443.61 | 36.42 | 2.17 | 444.44 | 50.69 | 1.27 | 652.17 | 60.76 | 0.13 | 8.33 | 18.18 | 20.88 | 141.39 | 1.21 | 81.42 | -11.76 | -19.56 | 93.62 | -57.87 | 1.29 | 6.38 | 105.74 | 5.32 | 24.25 | -3.19 | -6.95 |
| 22Q4 (13) | 0.07 | -82.93 | 177.78 | 35.94 | -5.67 | -3.78 | -2.59 | -127.38 | -29.5 | -1.24 | -110.23 | 44.14 | -2.66 | -132.72 | 60.42 | -0.63 | -135.2 | 54.68 | -0.23 | -122.33 | 62.3 | 0.12 | 9.09 | 20.0 | 8.65 | -61.18 | -12.0 | 92.27 | 3.34 | -9.68 | 222.22 | 185.24 | 139.32 | -111.11 | -602.92 | -1655.56 | 25.05 | -1.92 | 7.74 |
| 22Q3 (12) | 0.41 | -21.15 | 305.0 | 38.10 | -4.96 | 1.28 | 9.46 | -23.52 | 133.55 | 12.12 | -15.72 | 144.09 | 8.13 | -28.93 | 138.7 | 1.79 | -30.62 | 147.73 | 1.03 | -25.9 | 156.59 | 0.11 | 0.0 | 22.22 | 22.28 | -9.87 | 250.44 | 89.29 | -6.34 | -9.46 | 77.91 | -9.84 | -24.04 | 22.09 | 62.54 | 961.63 | 25.54 | 7.63 | -11.87 |
| 22Q2 (11) | 0.52 | 48.57 | 1633.33 | 40.09 | 3.14 | 6.37 | 12.37 | 34.75 | 2233.96 | 14.38 | 46.59 | 2017.33 | 11.44 | 70.75 | 410.87 | 2.58 | 79.17 | 468.57 | 1.39 | 75.95 | 614.81 | 0.11 | 0.0 | 10.0 | 24.72 | 19.83 | 127.62 | 95.33 | -5.82 | -0.58 | 86.41 | -6.51 | 244.01 | 13.59 | 124.27 | -91.5 | 23.73 | -8.94 | -12.4 |
| 22Q1 (10) | 0.35 | 488.89 | 1066.67 | 38.87 | 4.07 | 16.06 | 9.18 | 559.0 | 526.98 | 9.81 | 541.89 | 713.12 | 6.70 | 199.7 | 303.03 | 1.44 | 203.6 | 321.54 | 0.79 | 229.51 | 416.0 | 0.11 | 10.0 | 10.0 | 20.63 | 109.87 | 95.92 | 101.22 | -0.92 | -2.76 | 92.42 | -0.47 | -28.9 | 6.06 | -15.15 | 120.2 | 26.06 | 12.09 | -8.47 |
| 21Q4 (9) | -0.09 | 55.0 | 71.88 | 37.35 | -0.72 | 17.19 | -2.00 | 92.91 | 87.01 | -2.22 | 91.92 | 85.8 | -6.72 | 68.02 | 59.3 | -1.39 | 62.93 | 51.23 | -0.61 | 66.48 | 55.8 | 0.10 | 11.11 | 11.11 | 9.83 | 166.37 | 507.88 | 102.16 | 3.59 | 7.66 | 92.86 | -9.46 | -6.02 | 7.14 | 378.57 | 500.0 | 23.25 | -19.77 | -18.68 |
| 21Q3 (8) | -0.20 | -766.67 | -233.33 | 37.62 | -0.19 | 5.05 | -28.20 | -5420.75 | -577.88 | -27.49 | -3565.33 | -465.64 | -21.01 | -470.92 | -190.59 | -3.75 | -435.71 | -153.38 | -1.82 | -574.07 | -171.64 | 0.09 | -10.0 | -10.0 | -14.81 | -236.37 | -349.33 | 98.62 | 2.85 | 1.65 | 102.56 | 270.94 | 17.76 | -2.56 | -101.6 | -119.87 | 28.98 | 6.98 | 12.15 |
| 21Q2 (7) | 0.03 | 0.0 | -40.0 | 37.69 | 12.54 | -3.19 | 0.53 | 124.65 | 112.27 | -0.75 | 53.12 | 74.66 | -3.68 | -11.52 | 30.3 | -0.70 | -7.69 | 28.57 | -0.27 | -8.0 | 34.15 | 0.10 | 0.0 | 11.11 | 10.86 | 3.13 | 21.75 | 95.89 | -7.88 | -4.83 | -60.00 | -146.15 | -140.8 | 160.00 | 633.33 | 440.0 | 27.09 | -4.85 | 0 |
| 21Q1 (6) | 0.03 | 109.38 | -81.25 | 33.49 | 5.08 | -15.28 | -2.15 | 86.04 | -204.88 | -1.60 | 89.76 | -166.67 | -3.30 | 80.01 | -226.73 | -0.65 | 77.19 | -225.0 | -0.25 | 81.88 | -1150.0 | 0.10 | 11.11 | 0.0 | 10.53 | 536.93 | -17.73 | 104.09 | 9.7 | 10.33 | 130.00 | 31.57 | 50.0 | -30.00 | -2620.0 | -325.0 | 28.47 | -0.42 | 0 |
| 20Q4 (5) | -0.32 | -433.33 | -252.38 | 31.87 | -11.0 | -25.71 | -15.40 | -270.19 | -2364.71 | -15.63 | -221.6 | -652.3 | -16.51 | -128.35 | -2698.31 | -2.85 | -92.57 | -2275.0 | -1.38 | -105.97 | -7000.0 | 0.09 | -10.0 | -18.18 | -2.41 | -140.57 | -118.83 | 94.89 | -2.2 | 11.99 | 98.81 | 13.45 | 275.48 | 1.19 | -90.77 | -98.38 | 28.59 | 10.64 | 20.79 |
| 20Q3 (4) | -0.06 | -220.0 | 0.0 | 35.81 | -8.01 | 0.0 | -4.16 | 3.7 | 0.0 | -4.86 | -64.19 | 0.0 | -7.23 | -36.93 | 0.0 | -1.48 | -51.02 | 0.0 | -0.67 | -63.41 | 0.0 | 0.10 | 11.11 | 0.0 | 5.94 | -33.41 | 0.0 | 97.02 | -3.71 | 0.0 | 87.10 | -40.77 | 0.0 | 12.90 | 127.42 | 0.0 | 25.84 | 0 | 0.0 |
| 20Q2 (3) | 0.05 | -68.75 | 0.0 | 38.93 | -1.52 | 0.0 | -4.32 | -310.73 | 0.0 | -2.96 | -223.33 | 0.0 | -5.28 | -422.77 | 0.0 | -0.98 | -390.0 | 0.0 | -0.41 | -1950.0 | 0.0 | 0.09 | -10.0 | 0.0 | 8.92 | -30.31 | 0.0 | 100.76 | 6.81 | 0.0 | 147.06 | 69.68 | 0.0 | -47.06 | -452.94 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.16 | -23.81 | 0.0 | 39.53 | -7.86 | 0.0 | 2.05 | 201.47 | 0.0 | 2.40 | -15.19 | 0.0 | -1.01 | -71.19 | 0.0 | -0.20 | -66.67 | 0.0 | -0.02 | -200.0 | 0.0 | 0.10 | -9.09 | 0.0 | 12.80 | 0.0 | 0.0 | 94.34 | 11.34 | 0.0 | 86.67 | 229.33 | 0.0 | 13.33 | -81.9 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 42.90 | 0.0 | 0.0 | 0.68 | 0.0 | 0.0 | 2.83 | 0.0 | 0.0 | -0.59 | 0.0 | 0.0 | -0.12 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 12.80 | 0.0 | 0.0 | 84.73 | 0.0 | 0.0 | 26.32 | 0.0 | 0.0 | 73.68 | 0.0 | 0.0 | 23.67 | 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) | 2.24 | 67.16 | 36.83 | -3.59 | 9.65 | 39.65 | 6.99 | -0.7 | 10.32 | 20.28 | 12.04 | 109.39 | 10.79 | 106.7 | 6.17 | 104.98 | 0.48 | 4.35 | 19.68 | 4.13 | 83.97 | -9.0 | 93.46 | 16.24 | 6.54 | -66.64 | 1.15 | -18.12 | 25.85 | 3.07 |
| 2022 (9) | 1.34 | 0 | 38.20 | 4.6 | 6.91 | 0 | 7.04 | -13.08 | 8.58 | 0 | 5.75 | 0 | 5.22 | 0 | 3.01 | 0 | 0.46 | 17.95 | 18.90 | 318.14 | 92.27 | -9.68 | 80.41 | -18.71 | 19.59 | 1712.24 | 1.41 | -25.21 | 25.08 | -6.66 |
| 2021 (8) | -0.23 | 0 | 36.52 | -0.38 | -7.51 | 0 | 8.09 | 1.19 | -7.58 | 0 | -8.42 | 0 | -6.59 | 0 | -3.00 | 0 | 0.39 | -2.5 | 4.52 | -31.2 | 102.16 | 7.66 | 98.92 | -4.32 | 1.08 | 0 | 1.88 | -27.07 | 26.87 | -2.04 |
| 2020 (7) | -0.17 | 0 | 36.66 | -6.69 | -5.12 | 0 | 8.00 | 5.83 | -4.93 | 0 | -7.22 | 0 | -5.44 | 0 | -2.54 | 0 | 0.40 | -2.44 | 6.57 | -9.0 | 94.89 | 11.99 | 103.39 | -38.81 | -3.39 | 0 | 2.58 | -19.69 | 27.43 | -0.33 |
| 2019 (6) | 0.08 | 60.0 | 39.29 | 5.48 | -6.14 | 0 | 7.56 | -6.96 | -3.62 | 0 | -6.18 | 0 | -4.47 | 0 | -2.19 | 0 | 0.41 | 10.81 | 7.22 | -6.96 | 84.73 | 18.12 | 168.97 | 24.95 | -68.97 | 0 | 3.21 | -13.42 | 27.52 | -5.1 |
| 2018 (5) | 0.05 | -77.27 | 37.25 | -1.9 | -5.38 | 0 | 8.12 | -3.7 | -3.96 | 0 | -5.55 | 0 | -3.49 | 0 | -1.79 | 0 | 0.37 | 5.71 | 7.76 | -20.0 | 71.73 | 7.65 | 135.23 | 13.76 | -36.36 | 0 | 3.71 | 0 | 29.00 | -3.04 |
| 2017 (4) | 0.22 | 120.0 | 37.97 | 2.57 | -2.95 | 0 | 8.43 | -1.1 | -2.47 | 0 | -4.22 | 0 | -2.43 | 0 | -1.19 | 0 | 0.35 | 2.94 | 9.70 | -15.87 | 66.63 | 3.95 | 118.87 | -70.7 | -18.87 | 0 | 0.00 | 0 | 29.91 | -1.84 |
| 2016 (3) | 0.10 | 11.11 | 37.02 | 3.03 | -6.66 | 0 | 8.53 | 2.48 | -1.64 | 0 | -3.01 | 0 | -1.66 | 0 | -0.73 | 0 | 0.34 | 0.0 | 11.53 | 33.45 | 64.10 | 4.64 | 405.71 | 87.01 | -305.71 | 0 | 0.00 | 0 | 30.47 | -1.61 |
| 2015 (2) | 0.09 | -91.09 | 35.93 | -12.39 | -5.86 | 0 | 8.32 | 28.58 | -2.68 | 0 | -3.82 | 0 | -2.08 | 0 | -1.03 | 0 | 0.34 | -20.93 | 8.64 | -45.76 | 61.26 | 4.74 | 216.95 | 211.86 | -118.64 | 0 | 0.00 | 0 | 30.97 | 22.65 |
| 2014 (1) | 1.01 | -49.75 | 41.01 | 0 | 5.46 | 0 | 6.47 | 12.74 | 7.85 | 0 | 3.75 | 0 | 2.61 | 0 | 1.90 | 0 | 0.43 | -14.0 | 15.93 | -31.22 | 58.49 | -7.5 | 69.57 | 74.98 | 30.43 | -49.48 | 0.00 | 0 | 25.25 | 5.52 |
