- 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) | 0.25 | -24.24 | -37.5 | 19.27 | 2.23 | -10.29 | 6.08 | -11.5 | -22.45 | 9.06 | -24.5 | -35.56 | 6.46 | -16.21 | -40.02 | 1.31 | -14.94 | -22.02 | 1.17 | -13.97 | -22.52 | 0.18 | 0.0 | 28.57 | 11.76 | -20.7 | -33.9 | 12.66 | -4.81 | 10.28 | 67.02 | 17.12 | 20.27 | 32.98 | -22.9 | -25.51 | 8.10 | -8.99 | -27.87 |
| 24Q2 (19) | 0.33 | 57.14 | -31.25 | 18.85 | -14.94 | -22.04 | 6.87 | -10.43 | -23.67 | 12.00 | -21.93 | -34.39 | 7.71 | -0.26 | -42.51 | 1.54 | 38.74 | -24.88 | 1.36 | 38.78 | -24.02 | 0.18 | 38.46 | 38.46 | 14.83 | -22.8 | -33.08 | 13.30 | -7.38 | 7.26 | 57.22 | 14.78 | 16.42 | 42.78 | -14.7 | -15.87 | 8.90 | -25.77 | -29.81 |
| 24Q1 (18) | 0.21 | 0.0 | -41.67 | 22.16 | -9.92 | -6.42 | 7.67 | -29.83 | -22.05 | 15.37 | 32.73 | 22.08 | 7.73 | -4.57 | -21.92 | 1.11 | 0.0 | -25.0 | 0.98 | -2.0 | -24.03 | 0.13 | 8.33 | 0.0 | 19.21 | 22.75 | 17.13 | 14.36 | 17.03 | -20.31 | 49.85 | -47.1 | -36.1 | 50.15 | 837.41 | 128.1 | 11.99 | 18.71 | 1.18 |
| 23Q4 (17) | 0.21 | -47.5 | 23.53 | 24.60 | 14.53 | 10.51 | 10.93 | 39.41 | 20.24 | 11.58 | -17.64 | 70.54 | 8.10 | -24.79 | 37.76 | 1.11 | -33.93 | 30.59 | 1.00 | -33.77 | 33.33 | 0.12 | -14.29 | -7.69 | 15.65 | -12.03 | 42.53 | 12.27 | 6.88 | -9.51 | 94.24 | 69.12 | -29.55 | 5.35 | -87.92 | 115.84 | 10.10 | -10.06 | 4.34 |
| 23Q3 (16) | 0.40 | -16.67 | 21.21 | 21.48 | -11.17 | 0.42 | 7.84 | -12.89 | -1.51 | 14.06 | -23.13 | -34.05 | 10.77 | -19.69 | 26.11 | 1.68 | -18.05 | 17.48 | 1.51 | -15.64 | 21.77 | 0.14 | 7.69 | -6.67 | 17.79 | -19.72 | -29.43 | 11.48 | -7.42 | -22.33 | 55.72 | 13.38 | 49.34 | 44.28 | -12.93 | -29.37 | 11.23 | -11.44 | 6.75 |
| 23Q2 (15) | 0.48 | 33.33 | -36.0 | 24.18 | 2.11 | -15.25 | 9.00 | -8.54 | -36.31 | 18.29 | 45.27 | -16.1 | 13.41 | 35.45 | 10.37 | 2.05 | 38.51 | -29.07 | 1.79 | 38.76 | -18.64 | 0.13 | 0.0 | -27.78 | 22.16 | 35.12 | -9.66 | 12.40 | -31.19 | -23.6 | 49.15 | -37.0 | -24.25 | 50.85 | 131.29 | 44.82 | 12.68 | 7.0 | 15.48 |
| 23Q1 (14) | 0.36 | 111.76 | -69.23 | 23.68 | 6.38 | -22.56 | 9.84 | 8.25 | -42.15 | 12.59 | 85.42 | -45.21 | 9.90 | 68.37 | -43.59 | 1.48 | 74.12 | -62.63 | 1.29 | 72.0 | -56.27 | 0.13 | 0.0 | -23.53 | 16.40 | 49.36 | -35.96 | 18.02 | 32.89 | -61.46 | 78.01 | -41.68 | 5.29 | 21.99 | 165.1 | -15.53 | 11.85 | 22.42 | 18.38 |
| 22Q4 (13) | 0.17 | -48.48 | -87.12 | 22.26 | 4.07 | -41.51 | 9.09 | 14.2 | -67.12 | 6.79 | -68.15 | -74.26 | 5.88 | -31.15 | -66.87 | 0.85 | -40.56 | -79.91 | 0.75 | -39.52 | -78.01 | 0.13 | -13.33 | -31.58 | 10.98 | -56.45 | -61.99 | 13.56 | -8.25 | -43.19 | 133.77 | 258.52 | 27.58 | -33.77 | -153.88 | -595.76 | 9.68 | -7.98 | 5.68 |
| 22Q3 (12) | 0.33 | -56.0 | -89.0 | 21.39 | -25.03 | -53.27 | 7.96 | -43.67 | -78.04 | 21.32 | -2.2 | -42.36 | 8.54 | -29.71 | -69.37 | 1.43 | -50.52 | -85.61 | 1.24 | -43.64 | -84.28 | 0.15 | -16.67 | -46.43 | 25.21 | 2.77 | -34.33 | 14.78 | -8.93 | -38.88 | 37.31 | -42.49 | -61.91 | 62.69 | 78.53 | 2985.4 | 10.52 | -4.19 | 67.52 |
| 22Q2 (11) | 0.75 | -35.9 | -85.44 | 28.53 | -6.7 | -48.45 | 14.13 | -16.93 | -69.92 | 21.80 | -5.13 | -52.06 | 12.15 | -30.77 | -65.91 | 2.89 | -27.02 | -85.05 | 2.20 | -25.42 | -84.42 | 0.18 | 5.88 | -55.0 | 24.53 | -4.22 | -47.21 | 16.23 | -65.29 | -42.34 | 64.89 | -12.43 | -37.2 | 35.11 | 34.91 | 1155.34 | 10.98 | 9.69 | 81.49 |
| 22Q1 (10) | 1.17 | -11.36 | -78.53 | 30.58 | -19.65 | -50.21 | 17.01 | -38.48 | -65.92 | 22.98 | -12.89 | -53.98 | 17.55 | -1.13 | -55.02 | 3.96 | -6.38 | -82.98 | 2.95 | -13.49 | -82.52 | 0.17 | -10.53 | -60.47 | 25.61 | -11.35 | -49.74 | 46.76 | 95.89 | -1.79 | 74.10 | -29.33 | -25.86 | 26.03 | 636.16 | 45083.56 | 10.01 | 9.28 | -10.22 |
| 21Q4 (9) | 1.32 | -56.0 | -66.67 | 38.06 | -16.85 | -33.68 | 27.65 | -23.7 | -40.93 | 26.38 | -28.68 | -41.57 | 17.75 | -36.33 | -49.67 | 4.23 | -57.44 | -78.01 | 3.41 | -56.78 | -77.79 | 0.19 | -32.14 | -56.82 | 28.89 | -24.75 | -37.75 | 23.87 | -1.28 | -13.7 | 104.85 | 7.03 | 1.13 | -4.85 | -338.93 | -31.85 | 9.16 | 45.86 | -5.95 |
| 21Q3 (8) | 3.00 | -41.75 | 80.72 | 45.77 | -17.29 | -0.28 | 36.24 | -22.86 | 5.9 | 36.99 | -18.65 | 13.22 | 27.88 | -21.77 | 15.49 | 9.94 | -48.58 | 5.19 | 7.89 | -44.12 | 7.93 | 0.28 | -30.0 | -6.67 | 38.39 | -17.39 | 9.97 | 24.18 | -14.1 | 7.47 | 97.97 | -5.19 | -6.43 | 2.03 | 161.06 | 142.4 | 6.28 | 3.8 | -38.55 |
| 21Q2 (7) | 5.15 | -5.5 | 505.88 | 55.34 | -9.9 | 58.98 | 46.98 | -5.87 | 110.48 | 45.47 | -8.95 | 112.08 | 35.64 | -8.66 | 120.41 | 19.33 | -16.93 | 285.83 | 14.12 | -16.35 | 259.29 | 0.40 | -6.98 | 66.67 | 46.47 | -8.81 | 91.08 | 28.15 | -40.87 | -23.92 | 103.33 | 3.39 | -0.77 | -3.33 | -5876.07 | 19.45 | 6.05 | -45.74 | 0 |
| 21Q1 (6) | 5.45 | 37.63 | 646.58 | 61.42 | 7.02 | 119.59 | 49.91 | 6.62 | 217.29 | 49.94 | 10.61 | 179.93 | 39.02 | 10.63 | 174.79 | 23.27 | 20.95 | 452.73 | 16.88 | 9.97 | 382.29 | 0.43 | -2.27 | 72.0 | 50.96 | 9.8 | 144.88 | 47.61 | 72.13 | 153.38 | 99.94 | -3.61 | 13.12 | 0.06 | 101.56 | -99.51 | 11.15 | 14.48 | 5.29 |
| 20Q4 (5) | 3.96 | 138.55 | 538.71 | 57.39 | 25.03 | 125.32 | 46.81 | 36.79 | 192.01 | 45.15 | 38.2 | 229.08 | 35.27 | 46.11 | 229.01 | 19.24 | 103.6 | 420.0 | 15.35 | 109.99 | 404.93 | 0.44 | 46.67 | 57.14 | 46.41 | 32.94 | 184.2 | 27.66 | 22.93 | 25.61 | 103.68 | -0.98 | -11.32 | -3.68 | 23.16 | 78.23 | 9.74 | -4.7 | 25.35 |
| 20Q3 (4) | 1.66 | 95.29 | 0.0 | 45.90 | 31.86 | 0.0 | 34.22 | 53.32 | 0.0 | 32.67 | 52.38 | 0.0 | 24.14 | 49.29 | 0.0 | 9.45 | 88.62 | 0.0 | 7.31 | 86.01 | 0.0 | 0.30 | 25.0 | 0.0 | 34.91 | 43.54 | 0.0 | 22.50 | -39.19 | 0.0 | 104.70 | 0.55 | 0.0 | -4.79 | -15.99 | 0.0 | 10.22 | 0 | 0.0 |
| 20Q2 (3) | 0.85 | 16.44 | 0.0 | 34.81 | 24.45 | 0.0 | 22.32 | 41.89 | 0.0 | 21.44 | 20.18 | 0.0 | 16.17 | 13.87 | 0.0 | 5.01 | 19.0 | 0.0 | 3.93 | 12.29 | 0.0 | 0.24 | -4.0 | 0.0 | 24.32 | 16.87 | 0.0 | 37.00 | 96.91 | 0.0 | 104.13 | 17.87 | 0.0 | -4.13 | -134.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.73 | 17.74 | 0.0 | 27.97 | 9.82 | 0.0 | 15.73 | -1.87 | 0.0 | 17.84 | 30.03 | 0.0 | 14.20 | 32.46 | 0.0 | 4.21 | 13.78 | 0.0 | 3.50 | 15.13 | 0.0 | 0.25 | -10.71 | 0.0 | 20.81 | 27.43 | 0.0 | 18.79 | -14.67 | 0.0 | 88.35 | -24.43 | 0.0 | 11.86 | 170.15 | 0.0 | 10.59 | 36.29 | 0.0 |
| 19Q4 (1) | 0.62 | 0.0 | 0.0 | 25.47 | 0.0 | 0.0 | 16.03 | 0.0 | 0.0 | 13.72 | 0.0 | 0.0 | 10.72 | 0.0 | 0.0 | 3.70 | 0.0 | 0.0 | 3.04 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 16.33 | 0.0 | 0.0 | 22.02 | 0.0 | 0.0 | 116.91 | 0.0 | 0.0 | -16.91 | 0.0 | 0.0 | 7.77 | 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) | 1.45 | -40.08 | 23.44 | -11.25 | 9.36 | -26.36 | 3.79 | 19.24 | 14.17 | -26.16 | 10.59 | -10.25 | 6.20 | -27.74 | 5.51 | -23.79 | 0.52 | -14.75 | 18.05 | -19.49 | 12.27 | -9.51 | 66.06 | -0.26 | 34.02 | 0.61 | 0.06 | -20.1 | 11.49 | 11.12 |
| 2022 (9) | 2.42 | -83.78 | 26.41 | -49.26 | 12.71 | -69.85 | 3.18 | 139.65 | 19.19 | -53.93 | 11.80 | -62.97 | 8.58 | -83.95 | 7.23 | -83.05 | 0.61 | -54.48 | 22.42 | -47.86 | 13.56 | -43.19 | 66.23 | -34.54 | 33.81 | 0 | 0.08 | 11.34 | 10.34 | 27.18 |
| 2021 (8) | 14.92 | 106.93 | 52.05 | 15.72 | 42.15 | 25.93 | 1.33 | -35.88 | 41.65 | 27.45 | 31.87 | 26.77 | 53.46 | 47.92 | 42.65 | 47.63 | 1.34 | 16.52 | 43.00 | 23.56 | 23.87 | -13.7 | 101.18 | -1.23 | -1.17 | 0 | 0.07 | -13.2 | 8.13 | -19.9 |
| 2020 (7) | 7.21 | 148.62 | 44.98 | 73.07 | 33.47 | 109.58 | 2.07 | -17.29 | 32.68 | 99.51 | 25.14 | 110.2 | 36.14 | 107.82 | 28.89 | 102.74 | 1.15 | -3.36 | 34.80 | 83.93 | 27.66 | 25.61 | 102.44 | 5.08 | -2.44 | 0 | 0.08 | -19.22 | 10.15 | 24.24 |
| 2019 (6) | 2.90 | -7.05 | 25.99 | 10.27 | 15.97 | 13.67 | 2.50 | 21.65 | 16.38 | 6.23 | 11.96 | 3.73 | 17.39 | -15.42 | 14.25 | -15.08 | 1.19 | -18.49 | 18.92 | 8.05 | 22.02 | -2.0 | 97.49 | 7.04 | 2.51 | -71.84 | 0.10 | -19.46 | 8.17 | 14.11 |
| 2018 (5) | 3.12 | 79.31 | 23.57 | 23.34 | 14.05 | 42.93 | 2.06 | -19.62 | 15.42 | 64.57 | 11.53 | 52.92 | 20.56 | 64.22 | 16.78 | 63.55 | 1.46 | 7.35 | 17.51 | 46.28 | 22.47 | -0.71 | 91.08 | -13.14 | 8.92 | 0 | 0.13 | 0 | 7.16 | -0.14 |
| 2017 (4) | 1.74 | 1.75 | 19.11 | -9.22 | 9.83 | -4.19 | 2.56 | -27.65 | 9.37 | -9.47 | 7.54 | -10.66 | 12.52 | 8.87 | 10.26 | 8.11 | 1.36 | 21.43 | 11.97 | -14.07 | 22.63 | 4.38 | 104.85 | 5.82 | -4.95 | 0 | 0.00 | 0 | 7.17 | -11.81 |
| 2016 (3) | 1.71 | -37.13 | 21.05 | -17.06 | 10.26 | -30.2 | 3.54 | -12.13 | 10.35 | -35.07 | 8.44 | -31.72 | 11.50 | -36.25 | 9.49 | -34.91 | 1.12 | -5.08 | 13.93 | -30.45 | 21.68 | 3.09 | 99.09 | 7.45 | 0.91 | -88.16 | 0.00 | 0 | 8.13 | 3.44 |
| 2015 (2) | 2.72 | 385.71 | 25.38 | 87.72 | 14.70 | 377.27 | 4.02 | -17.72 | 15.94 | 289.73 | 12.36 | 293.63 | 18.04 | 320.51 | 14.58 | 331.36 | 1.18 | 12.38 | 20.03 | 119.63 | 21.03 | -24.22 | 92.21 | 22.1 | 7.72 | -68.45 | 0.00 | 0 | 7.86 | 14.08 |
| 2014 (1) | 0.56 | -30.86 | 13.52 | 0 | 3.08 | 0 | 4.89 | 5.13 | 4.09 | 0 | 3.14 | 0 | 4.29 | 0 | 3.38 | 0 | 1.05 | -7.08 | 9.12 | -3.39 | 27.75 | -17.7 | 75.52 | -13.35 | 24.48 | 90.54 | 0.00 | 0 | 6.89 | 1.03 |
