- 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) | 0.77 | 24.19 | 11.59 | 13.88 | -6.85 | 13.96 | 8.73 | -15.49 | 25.79 | 7.35 | 16.67 | -14.83 | 5.99 | 24.02 | -12.68 | 3.40 | 23.19 | 5.59 | 1.74 | 15.23 | -3.87 | 0.25 | -7.41 | 8.7 | 10.54 | 12.13 | -14.17 | 123.31 | 0.78 | 23.92 | 118.75 | -27.54 | 47.5 | -18.75 | 70.65 | -196.19 | 5.52 | 7.81 | 0.18 |
| 24Q2 (19) | 0.62 | -15.07 | -19.48 | 14.90 | 31.63 | 29.45 | 10.33 | 90.59 | 116.56 | 6.30 | -23.91 | -31.52 | 4.83 | -29.18 | -38.31 | 2.76 | -15.34 | -20.92 | 1.51 | -16.57 | -29.44 | 0.27 | 17.39 | 22.73 | 9.40 | -20.54 | -33.47 | 122.36 | 18.45 | 12.9 | 163.88 | 150.14 | 215.25 | -63.88 | -285.26 | -232.53 | 5.12 | -16.34 | -31.0 |
| 24Q1 (18) | 0.73 | 630.0 | 170.37 | 11.32 | -11.35 | -1.99 | 5.42 | -31.13 | 31.23 | 8.28 | 620.0 | 128.1 | 6.82 | 588.89 | 124.34 | 3.26 | 593.62 | 193.69 | 1.81 | 302.22 | 123.46 | 0.23 | 0.0 | 27.78 | 11.83 | 147.49 | 42.53 | 103.30 | -0.85 | 7.1 | 65.52 | -90.43 | -42.34 | 34.48 | 105.9 | 352.87 | 6.12 | 17.92 | -29.9 |
| 23Q4 (17) | 0.10 | -85.51 | -52.38 | 12.77 | 4.84 | -2.22 | 7.87 | 13.4 | 21.26 | 1.15 | -86.67 | -53.25 | 0.99 | -85.57 | -59.09 | 0.47 | -85.4 | -50.53 | 0.45 | -75.14 | -35.71 | 0.23 | 0.0 | 21.05 | 4.78 | -61.07 | -27.36 | 104.19 | 4.7 | 2.92 | 684.29 | 749.97 | 159.42 | -584.29 | -3097.39 | -256.75 | 5.19 | -5.81 | -28.51 |
| 23Q3 (16) | 0.69 | -10.39 | -22.47 | 12.18 | 5.82 | -13.37 | 6.94 | 45.49 | 25.72 | 8.63 | -6.2 | -14.13 | 6.86 | -12.39 | -23.01 | 3.22 | -7.74 | -23.52 | 1.81 | -15.42 | -20.26 | 0.23 | 4.55 | 0.0 | 12.28 | -13.09 | -7.95 | 99.51 | -8.18 | -5.49 | 80.51 | 54.87 | 46.51 | 19.49 | -59.56 | -56.73 | 5.51 | -25.74 | -39.78 |
| 23Q2 (15) | 0.77 | 185.19 | 24.19 | 11.51 | -0.35 | -15.18 | 4.77 | 15.5 | -20.9 | 9.20 | 153.44 | 38.14 | 7.83 | 157.57 | 43.14 | 3.49 | 214.41 | 16.33 | 2.14 | 164.2 | 28.92 | 0.22 | 22.22 | -18.52 | 14.13 | 70.24 | 53.75 | 108.38 | 12.37 | 2.59 | 51.98 | -54.25 | -42.57 | 48.20 | 453.5 | 408.33 | 7.42 | -15.01 | -11.98 |
| 23Q1 (14) | 0.27 | 28.57 | -57.14 | 11.55 | -11.56 | -12.3 | 4.13 | -36.36 | -41.91 | 3.63 | 47.56 | -41.45 | 3.04 | 25.62 | -39.92 | 1.11 | 16.84 | -63.49 | 0.81 | 15.71 | -51.79 | 0.18 | -5.26 | -40.0 | 8.30 | 26.14 | -0.95 | 96.45 | -4.72 | -1.57 | 113.64 | -56.92 | -1.01 | -13.64 | 91.67 | 6.52 | 8.73 | 20.25 | 21.93 |
| 22Q4 (13) | 0.21 | -76.4 | -61.82 | 13.06 | -7.11 | 13.66 | 6.49 | 17.57 | 7.27 | 2.46 | -75.52 | -52.6 | 2.42 | -72.84 | -41.55 | 0.95 | -77.43 | -65.07 | 0.70 | -69.16 | -53.95 | 0.19 | -17.39 | -40.62 | 6.58 | -50.67 | -9.62 | 101.23 | -3.86 | -3.03 | 263.78 | 380.03 | 126.48 | -163.78 | -463.55 | -880.34 | 7.26 | -20.66 | 29.87 |
| 22Q3 (12) | 0.89 | 43.55 | 45.9 | 14.06 | 3.61 | 18.15 | 5.52 | -8.46 | 28.07 | 10.05 | 50.9 | 99.01 | 8.91 | 62.89 | 95.82 | 4.21 | 40.33 | 37.13 | 2.27 | 36.75 | 31.98 | 0.23 | -14.81 | -32.35 | 13.34 | 45.16 | 87.62 | 105.29 | -0.33 | 1.29 | 54.95 | -39.29 | -35.63 | 45.05 | 375.07 | 213.09 | 9.15 | 8.54 | 20.55 |
| 22Q2 (11) | 0.62 | -1.59 | 16.98 | 13.57 | 3.04 | 10.69 | 6.03 | -15.19 | 12.71 | 6.66 | 7.42 | 27.34 | 5.47 | 8.1 | 27.8 | 3.00 | -1.32 | 11.94 | 1.66 | -1.19 | 8.5 | 0.27 | -10.0 | -12.9 | 9.19 | 9.67 | 22.86 | 105.64 | 7.81 | 6.96 | 90.52 | -21.15 | -11.69 | 9.48 | 165.0 | 479.31 | 8.43 | 17.74 | 10.2 |
| 22Q1 (10) | 0.63 | 14.55 | 36.96 | 13.17 | 14.62 | 28.36 | 7.11 | 17.52 | 44.51 | 6.20 | 19.46 | 33.91 | 5.06 | 22.22 | 37.5 | 3.04 | 11.76 | 15.59 | 1.68 | 10.53 | 19.15 | 0.30 | -6.25 | -6.25 | 8.38 | 15.11 | 17.53 | 97.99 | -6.13 | -3.14 | 114.80 | -1.43 | 7.84 | -14.59 | 12.68 | -126.11 | 7.16 | 28.09 | 23.02 |
| 21Q4 (9) | 0.55 | -9.84 | 12.24 | 11.49 | -3.45 | -20.92 | 6.05 | 40.37 | -33.37 | 5.19 | 2.77 | 15.08 | 4.14 | -9.01 | 13.11 | 2.72 | -11.4 | -15.53 | 1.52 | -11.63 | 0.0 | 0.32 | -5.88 | -8.57 | 7.28 | 2.39 | 1.96 | 104.39 | 0.42 | -30.37 | 116.47 | 36.42 | -42.29 | -16.71 | -216.11 | 83.54 | 5.59 | -26.35 | 6.88 |
| 21Q3 (8) | 0.61 | 15.09 | 15.09 | 11.90 | -2.94 | -9.16 | 4.31 | -19.44 | -41.44 | 5.05 | -3.44 | -0.79 | 4.55 | 6.31 | 25.0 | 3.07 | 14.55 | -10.5 | 1.72 | 12.42 | 10.97 | 0.34 | 9.68 | -5.56 | 7.11 | -4.95 | -7.42 | 103.95 | 5.24 | -33.92 | 85.37 | -16.71 | -41.03 | 14.39 | 675.54 | 132.14 | 7.59 | -0.78 | 30.41 |
| 21Q2 (7) | 0.53 | 15.22 | 43.24 | 12.26 | 19.49 | -16.66 | 5.35 | 8.74 | -42.1 | 5.23 | 12.96 | 38.73 | 4.28 | 16.3 | 43.62 | 2.68 | 1.9 | 11.67 | 1.53 | 8.51 | 37.84 | 0.31 | -3.13 | 3.33 | 7.48 | 4.91 | 12.82 | 98.77 | -2.37 | -42.32 | 102.50 | -3.71 | -58.17 | -2.50 | 61.25 | 98.28 | 7.65 | 31.44 | 0 |
| 21Q1 (6) | 0.46 | -6.12 | 70.37 | 10.26 | -29.39 | 926.0 | 4.92 | -45.81 | 224.87 | 4.63 | 2.66 | 44.24 | 3.68 | 0.55 | 49.59 | 2.63 | -18.32 | 59.39 | 1.41 | -7.24 | 60.23 | 0.32 | -8.57 | 28.0 | 7.13 | -0.14 | 3.78 | 101.17 | -32.52 | -37.25 | 106.45 | -47.26 | 186.55 | -6.45 | 93.64 | -102.89 | 5.82 | 11.28 | 11.92 |
| 20Q4 (5) | 0.49 | -7.55 | -63.97 | 14.53 | 10.92 | 12.46 | 9.08 | 23.37 | 58.74 | 4.51 | -11.39 | -61.02 | 3.66 | 0.55 | -65.63 | 3.22 | -6.12 | -58.56 | 1.52 | -1.94 | -50.33 | 0.35 | -2.78 | 34.62 | 7.14 | -7.03 | -53.24 | 149.92 | -4.69 | -9.66 | 201.82 | 39.42 | 307.41 | -101.52 | -126.79 | -300.57 | 5.23 | -10.14 | -24.86 |
| 20Q3 (4) | 0.53 | 43.24 | 0.0 | 13.10 | -10.94 | 0.0 | 7.36 | -20.35 | 0.0 | 5.09 | 35.01 | 0.0 | 3.64 | 22.15 | 0.0 | 3.43 | 42.92 | 0.0 | 1.55 | 39.64 | 0.0 | 0.36 | 20.0 | 0.0 | 7.68 | 15.84 | 0.0 | 157.30 | -8.14 | 0.0 | 144.76 | -40.92 | 0.0 | -44.76 | 69.14 | 0.0 | 5.82 | 0 | 0.0 |
| 20Q2 (3) | 0.37 | 37.04 | 0.0 | 14.71 | 1371.0 | 0.0 | 9.24 | 334.52 | 0.0 | 3.77 | 17.45 | 0.0 | 2.98 | 21.14 | 0.0 | 2.40 | 45.45 | 0.0 | 1.11 | 26.14 | 0.0 | 0.30 | 20.0 | 0.0 | 6.63 | -3.49 | 0.0 | 171.23 | 6.21 | 0.0 | 245.04 | 299.24 | 0.0 | -145.04 | -165.04 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.27 | -80.15 | 0.0 | 1.00 | -92.26 | 0.0 | -3.94 | -168.88 | 0.0 | 3.21 | -72.26 | 0.0 | 2.46 | -76.9 | 0.0 | 1.65 | -78.76 | 0.0 | 0.88 | -71.24 | 0.0 | 0.25 | -3.85 | 0.0 | 6.87 | -55.01 | 0.0 | 161.22 | -2.86 | 0.0 | -122.99 | -348.27 | 0.0 | 222.99 | 340.55 | 0.0 | 5.20 | -25.29 | 0.0 |
| 19Q4 (1) | 1.36 | 0.0 | 0.0 | 12.92 | 0.0 | 0.0 | 5.72 | 0.0 | 0.0 | 11.57 | 0.0 | 0.0 | 10.65 | 0.0 | 0.0 | 7.77 | 0.0 | 0.0 | 3.06 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 15.27 | 0.0 | 0.0 | 165.96 | 0.0 | 0.0 | 49.54 | 0.0 | 0.0 | 50.62 | 0.0 | 0.0 | 6.96 | 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) | 1.83 | -22.13 | 12.03 | -10.69 | 6.04 | -4.43 | 2.52 | 33.91 | 5.69 | -12.06 | 4.71 | -14.98 | 8.15 | -26.91 | 5.13 | -18.44 | 0.85 | -14.14 | 9.89 | 5.21 | 104.19 | 2.92 | 105.97 | 8.57 | -5.97 | 0 | 0.12 | -39.75 | 6.60 | -17.4 |
| 2022 (9) | 2.35 | 9.3 | 13.47 | 17.13 | 6.32 | 22.48 | 1.88 | 31.59 | 6.47 | 28.63 | 5.54 | 32.85 | 11.15 | -10.8 | 6.29 | -2.18 | 0.99 | -26.12 | 9.40 | 29.66 | 101.23 | -3.03 | 97.60 | -4.81 | 2.34 | 0 | 0.21 | 34.93 | 7.99 | 19.79 |
| 2021 (8) | 2.15 | 27.22 | 11.50 | 0.7 | 5.16 | -13.86 | 1.43 | -24.54 | 5.03 | 17.25 | 4.17 | 25.98 | 12.50 | 16.71 | 6.43 | 25.59 | 1.34 | 7.2 | 7.25 | 0.97 | 104.39 | -30.37 | 102.54 | -26.48 | -2.54 | 0 | 0.15 | 16.48 | 6.67 | 17.84 |
| 2020 (7) | 1.69 | -28.09 | 11.42 | -13.42 | 5.99 | -8.13 | 1.90 | -30.35 | 4.29 | -24.34 | 3.31 | -31.47 | 10.71 | -33.56 | 5.12 | -20.12 | 1.25 | 16.82 | 7.18 | -27.47 | 149.92 | -9.66 | 139.48 | 21.47 | -39.48 | 0 | 0.13 | -17.59 | 5.66 | -14.76 |
| 2019 (6) | 2.35 | 139.8 | 13.19 | 22.58 | 6.52 | 83.15 | 2.72 | -12.05 | 5.67 | 152.0 | 4.83 | 143.94 | 16.12 | 90.32 | 6.41 | 87.98 | 1.07 | 0.0 | 9.90 | 43.9 | 165.96 | -41.49 | 114.82 | -27.56 | -14.82 | 0 | 0.16 | -16.59 | 6.64 | -6.61 |
| 2018 (5) | 0.98 | 196.97 | 10.76 | 2.77 | 3.56 | 32.34 | 3.10 | -33.15 | 2.25 | 112.26 | 1.98 | 167.57 | 8.47 | 209.12 | 3.41 | 89.44 | 1.07 | 30.49 | 6.88 | -8.27 | 283.62 | -10.15 | 158.51 | -37.79 | -58.51 | 0 | 0.19 | 0 | 7.11 | -6.69 |
| 2017 (4) | 0.33 | 0 | 10.47 | 276.62 | 2.69 | 0 | 4.63 | 29.08 | 1.06 | 0 | 0.74 | 0 | 2.74 | 0 | 1.80 | 0 | 0.82 | -34.4 | 7.50 | 200.0 | 315.67 | -17.17 | 254.82 | 96.43 | -154.82 | 0 | 0.00 | 0 | 7.62 | 45.14 |
| 2016 (3) | -1.23 | 0 | 2.78 | 387.72 | -2.61 | 0 | 3.59 | 143.73 | -2.01 | 0 | -1.87 | 0 | -10.80 | 0 | -1.43 | 0 | 1.25 | -56.9 | 2.50 | 24900.0 | 381.11 | 10.35 | 129.72 | 40.87 | -29.92 | 0 | 0.00 | 0 | 5.25 | 172.02 |
| 2015 (2) | -2.62 | 0 | 0.57 | -68.51 | -1.69 | 0 | 1.47 | -4.13 | -1.83 | 0 | -1.72 | 0 | -19.12 | 0 | -4.43 | 0 | 2.90 | 11.11 | 0.01 | -99.53 | 345.37 | 45.97 | 92.09 | 0 | 7.91 | -98.71 | 0.00 | 0 | 1.93 | -8.53 |
| 2014 (1) | -0.02 | 0 | 1.81 | 0 | -0.73 | 0 | 1.54 | -29.29 | 0.14 | 0 | 0.02 | 0 | 0.16 | 0 | 0.67 | 0 | 2.61 | 57.23 | 2.13 | -37.54 | 236.60 | 20.13 | -511.84 | 0 | 611.84 | 168.08 | 0.00 | 0 | 2.11 | -33.44 |
