- 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) | -0.05 | -200.0 | -110.0 | 11.32 | -3.41 | -34.83 | -1.03 | -13.19 | -149.28 | -0.15 | -111.9 | -101.78 | -0.58 | -198.31 | -109.32 | -0.22 | -195.65 | -109.32 | -0.06 | -140.0 | -104.88 | 0.20 | 0.0 | 5.26 | 3.00 | -27.01 | -74.75 | 99.65 | 5.32 | 8.69 | 700.00 | 1080.0 | 2730.11 | -585.71 | -441.67 | -878.19 | 13.84 | -0.72 | -14.25 |
| 24Q2 (19) | 0.05 | -28.57 | -93.59 | 11.72 | -22.54 | -36.34 | -0.91 | 77.59 | -114.22 | 1.26 | -41.12 | -85.31 | 0.59 | -51.24 | -91.18 | 0.23 | -32.35 | -94.04 | 0.15 | -25.0 | -92.35 | 0.20 | 33.33 | -31.03 | 4.11 | -31.95 | -62.91 | 94.62 | 0.86 | -4.42 | -71.43 | 62.24 | -195.92 | 171.43 | -40.72 | 576.06 | 13.94 | -27.73 | 22.82 |
| 24Q1 (18) | 0.07 | -86.79 | 600.0 | 15.13 | -3.88 | 29.76 | -4.06 | -250.93 | -318.56 | 2.14 | -72.28 | 529.41 | 1.21 | -82.26 | 830.77 | 0.34 | -86.18 | 580.0 | 0.20 | -84.62 | 400.0 | 0.15 | -21.05 | -25.0 | 6.04 | -45.88 | 43.47 | 93.81 | 3.18 | -4.66 | -189.19 | -644.73 | 34.0 | 289.19 | 343.07 | -26.48 | 19.29 | 16.7 | 31.05 |
| 23Q4 (17) | 0.53 | 6.0 | 630.0 | 15.74 | -9.38 | 21.83 | 2.69 | 28.71 | 202.25 | 7.72 | -8.64 | 904.17 | 6.82 | 9.65 | 775.25 | 2.46 | 4.24 | 612.5 | 1.30 | 5.69 | 690.91 | 0.19 | 0.0 | -17.39 | 11.16 | -6.06 | 404.98 | 90.92 | -0.83 | -11.5 | 34.73 | 40.42 | 137.57 | 65.27 | -13.28 | -66.41 | 16.53 | 2.42 | 27.74 |
| 23Q3 (16) | 0.50 | -35.9 | -32.43 | 17.37 | -5.65 | 44.63 | 2.09 | -67.34 | 287.04 | 8.45 | -1.52 | 11.77 | 6.22 | -7.03 | 14.55 | 2.36 | -38.86 | -34.44 | 1.23 | -37.24 | -28.07 | 0.19 | -34.48 | -38.71 | 11.88 | 7.22 | 18.56 | 91.68 | -7.39 | -13.98 | 24.73 | -66.78 | 244.47 | 75.27 | 196.82 | -18.91 | 16.14 | 42.2 | 36.9 |
| 23Q2 (15) | 0.78 | 7700.0 | 25.81 | 18.41 | 57.89 | 95.23 | 6.40 | 759.79 | 178.26 | 8.58 | 2423.53 | 113.97 | 6.69 | 5046.15 | 109.72 | 3.86 | 7620.0 | 23.32 | 1.96 | 4800.0 | 34.25 | 0.29 | 45.0 | -35.56 | 11.08 | 163.18 | 92.03 | 99.00 | 0.61 | -20.21 | 74.46 | 125.98 | 30.01 | 25.36 | -93.55 | -40.65 | 11.35 | -22.89 | 41.7 |
| 23Q1 (14) | 0.01 | 110.0 | -96.88 | 11.66 | -9.75 | 46.85 | -0.97 | -208.99 | -2325.0 | 0.34 | 135.42 | -89.0 | 0.13 | 112.87 | -94.49 | 0.05 | 110.42 | -96.97 | 0.04 | 118.18 | -94.81 | 0.20 | -13.04 | -35.48 | 4.21 | 90.5 | -25.09 | 98.40 | -4.21 | -16.06 | -286.67 | -210.07 | -21973.33 | 393.33 | 102.39 | 288.29 | 14.72 | 13.76 | 45.02 |
| 22Q4 (13) | -0.10 | -113.51 | -150.0 | 12.92 | 7.58 | 55.66 | 0.89 | 64.81 | 48.33 | -0.96 | -112.7 | -172.73 | -1.01 | -118.6 | -184.87 | -0.48 | -113.33 | -144.04 | -0.22 | -112.87 | -144.0 | 0.23 | -25.81 | -41.03 | 2.21 | -77.94 | -33.03 | 102.73 | -3.61 | -20.71 | -92.45 | -1387.57 | -305.99 | 194.34 | 109.37 | 252.59 | 12.94 | 9.75 | 45.89 |
| 22Q3 (12) | 0.74 | 19.35 | 393.33 | 12.01 | 27.36 | 27.77 | 0.54 | -76.52 | -28.95 | 7.56 | 88.53 | 285.71 | 5.43 | 70.22 | 454.08 | 3.60 | 15.02 | 350.0 | 1.71 | 17.12 | 362.16 | 0.31 | -31.11 | -11.43 | 10.02 | 73.66 | 144.99 | 106.58 | -14.1 | -22.6 | 7.18 | -87.46 | -81.49 | 92.82 | 117.25 | 51.64 | 11.79 | 47.19 | 22.94 |
| 22Q2 (11) | 0.62 | 93.75 | 264.71 | 9.43 | 18.77 | 16.13 | 2.30 | 5850.0 | 235.29 | 4.01 | 29.77 | 223.39 | 3.19 | 35.17 | 99.37 | 3.13 | 89.7 | 176.99 | 1.46 | 89.61 | 180.77 | 0.45 | 45.16 | 40.62 | 5.77 | 2.67 | 60.72 | 124.08 | 5.84 | -3.81 | 57.27 | 4510.16 | 141.49 | 42.73 | -57.82 | -82.05 | 8.01 | -21.08 | -21.7 |
| 22Q1 (10) | 0.32 | 60.0 | 180.0 | 7.94 | -4.34 | 9.52 | -0.04 | -106.67 | 98.98 | 3.09 | 134.09 | 193.35 | 2.36 | 98.32 | 169.21 | 1.65 | 51.38 | 181.28 | 0.77 | 54.0 | 183.7 | 0.31 | -20.51 | 10.71 | 5.62 | 70.3 | 978.12 | 117.23 | -9.52 | -0.14 | -1.30 | -102.89 | -101.09 | 101.30 | 83.78 | 658.44 | 10.15 | 14.43 | -19.38 |
| 21Q4 (9) | 0.20 | 33.33 | 300.0 | 8.30 | -11.7 | -9.68 | 0.60 | -21.05 | 142.25 | 1.32 | -32.65 | 288.57 | 1.19 | 21.43 | 246.91 | 1.09 | 36.25 | 318.0 | 0.50 | 35.14 | 350.0 | 0.39 | 11.43 | 34.48 | 3.30 | -19.32 | 79.35 | 129.57 | -5.9 | 13.44 | 44.88 | 15.71 | -77.79 | 55.12 | -9.96 | 153.99 | 8.87 | -7.51 | -28.81 |
| 21Q3 (8) | 0.15 | -11.76 | -25.0 | 9.40 | 15.76 | -16.89 | 0.76 | 144.71 | -30.91 | 1.96 | 58.06 | -69.09 | 0.98 | -38.75 | -39.13 | 0.80 | -29.2 | -20.79 | 0.37 | -28.85 | -30.19 | 0.35 | 9.37 | 16.67 | 4.09 | 13.93 | -53.99 | 137.70 | 6.74 | 19.56 | 38.79 | 128.1 | 124.05 | 61.21 | -74.29 | -25.77 | 9.59 | -6.26 | -20.61 |
| 21Q2 (7) | 0.17 | 142.5 | -52.78 | 8.12 | 12.0 | -37.2 | -1.70 | 56.52 | -141.16 | 1.24 | 137.46 | -64.06 | 1.60 | 146.92 | -39.16 | 1.13 | 155.67 | -39.57 | 0.52 | 156.52 | -47.47 | 0.32 | 14.29 | -5.88 | 3.59 | 660.94 | -38.74 | 129.00 | 9.89 | 22.61 | -138.04 | -216.39 | -215.47 | 238.04 | 1412.29 | 1317.68 | 10.23 | -18.75 | 0 |
| 21Q1 (6) | -0.40 | -300.0 | -17.65 | 7.25 | -21.11 | -8.46 | -3.91 | -175.35 | 38.13 | -3.31 | -372.86 | 43.42 | -3.41 | -320.99 | 28.06 | -2.03 | -306.0 | -15.34 | -0.92 | -360.0 | -24.32 | 0.28 | -3.45 | 55.56 | -0.64 | -134.78 | 45.76 | 117.39 | 2.78 | 7.23 | 118.60 | -41.31 | 9.37 | -18.14 | 82.23 | -126.27 | 12.59 | 1.04 | 0 |
| 20Q4 (5) | -0.10 | -150.0 | -158.82 | 9.19 | -18.74 | -21.05 | -1.42 | -229.09 | -142.26 | -0.70 | -111.04 | -140.46 | -0.81 | -150.31 | -162.79 | -0.50 | -149.5 | -159.52 | -0.20 | -137.74 | -141.67 | 0.29 | -3.33 | -3.33 | 1.84 | -79.3 | -57.6 | 114.22 | -0.82 | 2.04 | 202.08 | 1067.3 | 3.98 | -102.08 | -223.8 | -8.19 | 12.46 | 3.15 | 7.32 |
| 20Q3 (4) | 0.20 | -44.44 | 0.0 | 11.31 | -12.53 | 0.0 | 1.10 | -73.37 | 0.0 | 6.34 | 83.77 | 0.0 | 1.61 | -38.78 | 0.0 | 1.01 | -45.99 | 0.0 | 0.53 | -46.46 | 0.0 | 0.30 | -11.76 | 0.0 | 8.89 | 51.71 | 0.0 | 115.17 | 9.47 | 0.0 | 17.31 | -85.52 | 0.0 | 82.46 | 521.82 | 0.0 | 12.08 | 0 | 0.0 |
| 20Q2 (3) | 0.36 | 205.88 | 0.0 | 12.93 | 63.26 | 0.0 | 4.13 | 165.35 | 0.0 | 3.45 | 158.97 | 0.0 | 2.63 | 155.49 | 0.0 | 1.87 | 206.25 | 0.0 | 0.99 | 233.78 | 0.0 | 0.34 | 88.89 | 0.0 | 5.86 | 596.61 | 0.0 | 105.21 | -3.89 | 0.0 | 119.55 | 10.25 | 0.0 | -19.55 | -143.85 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.34 | -300.0 | 0.0 | 7.92 | -31.96 | 0.0 | -6.32 | -288.1 | 0.0 | -5.85 | -438.15 | 0.0 | -4.74 | -467.44 | 0.0 | -1.76 | -309.52 | 0.0 | -0.74 | -254.17 | 0.0 | 0.18 | -40.0 | 0.0 | -1.18 | -127.19 | 0.0 | 109.47 | -2.21 | 0.0 | 108.44 | -44.21 | 0.0 | -8.02 | 91.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 11.64 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 1.73 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 4.34 | 0.0 | 0.0 | 111.94 | 0.0 | 0.0 | 194.35 | 0.0 | 0.0 | -94.35 | 0.0 | 0.0 | 11.61 | 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) | 1.82 | 15.92 | 16.07 | 55.87 | 2.96 | 176.64 | 2.87 | 46.93 | 6.51 | 72.68 | 5.14 | 84.89 | 8.59 | 8.46 | 4.43 | 16.58 | 0.85 | -35.61 | 9.74 | 59.15 | 90.92 | -11.5 | 45.45 | 60.35 | 54.63 | -23.76 | 2.71 | 3.38 | 14.32 | 39.03 |
| 2022 (9) | 1.57 | 1107.69 | 10.31 | 23.77 | 1.07 | 0 | 1.95 | 2.67 | 3.77 | 611.32 | 2.78 | 858.62 | 7.92 | 820.93 | 3.80 | 675.51 | 1.32 | -0.75 | 6.12 | 120.94 | 102.73 | -20.71 | 28.34 | 0 | 71.66 | -71.77 | 2.62 | 6.02 | 10.30 | 1.58 |
| 2021 (8) | 0.13 | 18.18 | 8.33 | -20.74 | -0.81 | 0 | 1.90 | -15.25 | 0.53 | -67.08 | 0.29 | 16.0 | 0.86 | 43.33 | 0.49 | -9.26 | 1.33 | 20.91 | 2.77 | -37.05 | 129.57 | 13.44 | -153.85 | 0 | 253.85 | 181.38 | 2.47 | -3.21 | 10.14 | -17.16 |
| 2020 (7) | 0.11 | 37.5 | 10.51 | -3.93 | 0.16 | 220.0 | 2.24 | 5.92 | 1.61 | 419.35 | 0.25 | 31.58 | 0.60 | 25.0 | 0.54 | -6.9 | 1.10 | -9.09 | 4.40 | 39.24 | 114.22 | 2.04 | 9.79 | -38.49 | 90.21 | 7.28 | 2.55 | -3.58 | 12.24 | -2.39 |
| 2019 (6) | 0.08 | 100.0 | 10.94 | 38.13 | 0.05 | 0 | 2.12 | 68.3 | 0.31 | 244.44 | 0.19 | 171.43 | 0.48 | 152.63 | 0.58 | 56.76 | 1.21 | -13.57 | 3.16 | 68.09 | 111.94 | 1.43 | 15.91 | 0 | 84.09 | -93.09 | 2.65 | -1.76 | 12.54 | 21.87 |
| 2018 (5) | 0.04 | -90.0 | 7.92 | -21.82 | -1.02 | 0 | 1.26 | -8.34 | 0.09 | -92.8 | 0.07 | -90.67 | 0.19 | -89.95 | 0.37 | -69.17 | 1.40 | 6.06 | 1.88 | -38.96 | 110.36 | 27.73 | -1117.24 | 0 | 1217.24 | 1107.61 | 2.69 | -6.72 | 10.29 | -0.87 |
| 2017 (4) | 0.40 | 0 | 10.13 | -28.56 | -0.01 | 0 | 1.37 | -22.46 | 1.25 | 0 | 0.75 | 0 | 1.89 | 0 | 1.20 | 0 | 1.32 | 9.09 | 3.08 | 0 | 86.40 | -9.31 | -0.80 | 0 | 100.80 | 0 | 2.89 | 0 | 10.38 | -7.32 |
| 2016 (3) | -1.70 | 0 | 14.18 | 25.38 | -5.98 | 0 | 1.77 | 24.11 | -4.46 | 0 | -2.93 | 0 | -6.65 | 0 | -3.41 | 0 | 1.21 | -26.67 | -2.27 | 0 | 95.27 | 16.8 | 134.23 | 46.74 | -34.23 | 0 | 0.00 | 0 | 11.20 | 23.08 |
| 2015 (2) | 2.07 | -0.96 | 11.31 | 13.44 | 3.20 | 10.73 | 1.43 | 2.06 | 3.49 | -4.12 | 2.30 | -1.29 | 7.25 | -3.59 | 3.89 | -0.77 | 1.65 | -0.6 | 5.15 | -1.15 | 81.57 | -18.62 | 91.48 | 15.45 | 8.46 | -59.25 | 0.00 | 0 | 9.10 | 17.72 |
| 2014 (1) | 2.09 | -39.24 | 9.97 | 0 | 2.89 | 0 | 1.40 | -3.01 | 3.64 | 0 | 2.33 | 0 | 7.52 | 0 | 3.92 | 0 | 1.66 | -6.74 | 5.21 | -34.47 | 100.23 | 12.61 | 79.23 | 181.58 | 20.77 | -71.1 | 0.00 | 0 | 7.73 | 13.34 |
