- 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) | 0.53 | -36.9 | 2550.0 | 21.24 | 1.58 | 85.18 | 9.88 | -8.52 | 9780.0 | 7.50 | -30.56 | 1604.55 | 7.40 | -32.23 | 2212.5 | 3.18 | -39.77 | 2550.0 | 1.67 | -35.52 | 496.43 | 0.20 | -9.09 | 17.65 | 16.79 | -14.21 | 31.79 | 109.35 | -11.13 | -7.01 | 131.65 | 31.65 | 459.52 | -31.65 | 0 | -141.39 | 27.52 | 9.73 | -1.61 |
| 24Q2 (19) | 0.84 | 104.88 | 104.88 | 20.91 | 27.81 | 86.36 | 10.80 | 75.04 | 2985.71 | 10.80 | 53.85 | 54.95 | 10.92 | 64.95 | 62.26 | 5.28 | 92.7 | 97.75 | 2.59 | 78.62 | 89.05 | 0.22 | 15.79 | 22.22 | 19.57 | 11.0 | 6.88 | 123.05 | 0.36 | 1.23 | 100.00 | 13.62 | 1907.14 | 0.00 | -100.0 | -100.0 | 25.08 | -8.9 | -9.33 |
| 24Q1 (18) | 0.41 | 217.14 | 169.49 | 16.36 | 58.22 | 554.4 | 6.17 | 373.01 | 165.99 | 7.02 | 200.57 | 162.46 | 6.62 | 203.44 | 157.97 | 2.74 | 218.1 | 172.49 | 1.45 | 272.62 | 195.39 | 0.19 | 11.76 | 26.67 | 17.63 | 204.49 | 868.68 | 122.61 | 3.77 | -3.44 | 88.01 | 171.55 | 5.67 | 11.99 | -82.27 | -29.35 | 27.53 | -6.8 | -11.08 |
| 23Q4 (17) | -0.35 | -1850.0 | -9.37 | 10.34 | -9.85 | -7.68 | -2.26 | -2360.0 | -31.4 | -6.98 | -1686.36 | -32.2 | -6.40 | -2100.0 | -20.98 | -2.32 | -2033.33 | -22.11 | -0.84 | -400.0 | -20.0 | 0.17 | 0.0 | 6.25 | 5.79 | -54.55 | -4.14 | 118.15 | 0.48 | 0.0 | 32.41 | 37.75 | 0.14 | 67.59 | -11.61 | -0.06 | 29.54 | 5.61 | -4.89 |
| 23Q3 (16) | 0.02 | -95.12 | -97.89 | 11.47 | 2.23 | -33.58 | 0.10 | -71.43 | -98.75 | 0.44 | -93.69 | -96.05 | 0.32 | -95.25 | -97.13 | 0.12 | -95.51 | -97.99 | 0.28 | -79.56 | -89.35 | 0.17 | -5.56 | -22.73 | 12.74 | -30.42 | -32.66 | 117.59 | -3.26 | -7.55 | 23.53 | 372.27 | -67.36 | 76.47 | -19.52 | 172.29 | 27.97 | 1.12 | 19.43 |
| 23Q2 (15) | 0.41 | 169.49 | 2.5 | 11.22 | 348.8 | -24.39 | 0.35 | 103.74 | -93.18 | 6.97 | 162.01 | 14.83 | 6.73 | 158.93 | 16.23 | 2.67 | 170.63 | 0.75 | 1.37 | 190.13 | 13.22 | 0.18 | 20.0 | 0.0 | 18.31 | 906.04 | 11.24 | 121.55 | -4.28 | -20.94 | 4.98 | -94.02 | -94.1 | 95.02 | 460.03 | 509.5 | 27.66 | -10.66 | 5.01 |
| 23Q1 (14) | -0.59 | -84.37 | -47.5 | 2.50 | -77.68 | -37.5 | -9.35 | -443.6 | -16.87 | -11.24 | -112.88 | -73.19 | -11.42 | -115.88 | -68.69 | -3.78 | -98.95 | -44.83 | -1.52 | -117.14 | -65.22 | 0.15 | -6.25 | -6.25 | 1.82 | -69.87 | -67.38 | 126.98 | 7.47 | -16.09 | 83.29 | 157.33 | -32.45 | 16.97 | -74.91 | 172.8 | 30.96 | -0.32 | -0.67 |
| 22Q4 (13) | -0.32 | -133.68 | 34.69 | 11.20 | -35.15 | 2504.65 | -1.72 | -121.45 | 85.37 | -5.28 | -147.4 | 52.26 | -5.29 | -147.44 | 30.76 | -1.90 | -131.77 | 40.25 | -0.70 | -126.62 | 42.62 | 0.16 | -27.27 | -5.88 | 6.04 | -68.08 | 1610.0 | 118.15 | -7.11 | -17.34 | 32.37 | -55.09 | -69.57 | 67.63 | 140.82 | 1162.8 | 31.06 | 32.62 | 9.6 |
| 22Q3 (12) | 0.95 | 137.5 | 195.96 | 17.27 | 16.37 | 355.85 | 8.02 | 56.34 | 142.03 | 11.14 | 83.53 | 158.79 | 11.15 | 92.57 | 158.87 | 5.98 | 125.66 | 197.24 | 2.63 | 117.36 | 200.0 | 0.22 | 22.22 | 57.14 | 18.92 | 14.95 | 383.23 | 127.19 | -17.27 | -5.15 | 72.08 | -14.61 | -28.39 | 28.08 | 80.15 | 4425.0 | 23.42 | -11.09 | -23.31 |
| 22Q2 (11) | 0.40 | 200.0 | 150.0 | 14.84 | 271.0 | 461.95 | 5.13 | 164.12 | 128.6 | 6.07 | 193.53 | 135.87 | 5.79 | 185.52 | 133.55 | 2.65 | 201.53 | 156.99 | 1.21 | 231.52 | 160.2 | 0.18 | 12.5 | 50.0 | 16.46 | 194.98 | 548.5 | 153.75 | 1.6 | 31.92 | 84.41 | -31.54 | -20.36 | 15.59 | 166.89 | 360.18 | 26.34 | -15.5 | -23.83 |
| 22Q1 (10) | -0.40 | 18.37 | -121.16 | 4.00 | 830.23 | 62.6 | -8.00 | 31.97 | 30.97 | -6.49 | 41.32 | -113.57 | -6.77 | 11.39 | -119.72 | -2.61 | 17.92 | -122.89 | -0.92 | 24.59 | -118.62 | 0.16 | -5.88 | 14.29 | 5.58 | 1495.0 | -90.43 | 151.33 | 5.88 | 21.47 | 123.31 | 15.93 | 609.14 | -23.31 | -266.22 | -118.76 | 31.17 | 9.99 | -4.18 |
| 21Q4 (9) | -0.49 | 50.51 | 12.5 | 0.43 | 106.37 | 290.91 | -11.76 | 38.36 | 21.18 | -11.06 | 41.64 | -15.45 | -7.64 | 59.66 | -3.95 | -3.18 | 48.29 | 9.4 | -1.22 | 53.61 | 10.95 | 0.17 | 21.43 | -15.0 | -0.40 | 94.01 | 71.22 | 142.93 | 6.58 | -2.39 | 106.36 | 5.68 | -31.58 | -6.36 | -880.0 | 88.57 | 28.34 | -7.2 | 12.02 |
| 21Q3 (8) | -0.99 | -23.75 | -47.76 | -6.75 | -64.63 | -98.53 | -19.08 | -6.35 | -27.88 | -18.95 | -12.0 | -60.87 | -18.94 | -9.73 | -73.76 | -6.15 | -32.26 | -49.64 | -2.63 | -30.85 | -53.8 | 0.14 | 16.67 | -17.65 | -6.68 | -82.02 | -333.77 | 134.10 | 15.06 | -0.42 | 100.65 | -5.04 | -20.54 | -0.65 | 89.16 | 97.56 | 30.54 | -11.68 | 17.01 |
| 21Q2 (7) | -0.80 | -142.33 | 27.93 | -4.10 | -266.67 | 75.9 | -17.94 | -54.79 | 61.98 | -16.92 | -135.39 | 46.42 | -17.26 | -150.28 | 43.58 | -4.65 | -140.79 | 27.46 | -2.01 | -140.69 | 27.96 | 0.12 | -14.29 | 20.0 | -3.67 | -106.29 | 69.74 | 116.55 | -6.45 | -4.46 | 105.99 | 537.65 | -28.97 | -5.99 | -104.82 | 87.86 | 34.58 | 6.3 | -34.89 |
| 21Q1 (6) | 1.89 | 437.5 | 9350.0 | 2.46 | 2136.36 | -82.26 | -11.59 | 22.32 | -2207.27 | 47.81 | 599.06 | 6449.32 | 34.33 | 567.07 | 8934.21 | 11.40 | 424.79 | 9400.0 | 4.94 | 460.58 | 2805.88 | 0.14 | -30.0 | -6.67 | 58.32 | 4295.68 | 342.15 | 124.58 | -14.92 | 5.05 | -24.22 | -115.58 | -131.48 | 124.22 | 323.1 | 438.28 | 32.53 | 28.58 | -0.97 |
| 20Q4 (5) | -0.56 | 16.42 | -196.55 | 0.11 | 103.24 | -99.59 | -14.92 | 0.0 | -236.38 | -9.58 | 18.68 | -213.24 | -7.35 | 32.57 | -218.17 | -3.51 | 14.6 | -209.35 | -1.37 | 19.88 | -188.39 | 0.20 | 17.65 | -13.04 | -1.39 | 9.74 | -108.37 | 146.43 | 8.74 | 21.36 | 155.46 | 22.73 | 20.31 | -55.68 | -108.8 | -90.56 | 25.30 | -3.07 | 3.39 |
| 20Q3 (4) | -0.67 | 39.64 | 0.0 | -3.40 | 80.01 | 0.0 | -14.92 | 68.38 | 0.0 | -11.78 | 62.7 | 0.0 | -10.90 | 64.37 | 0.0 | -4.11 | 35.88 | 0.0 | -1.71 | 38.71 | 0.0 | 0.17 | 70.0 | 0.0 | -1.54 | 87.3 | 0.0 | 134.66 | 10.39 | 0.0 | 126.67 | -15.12 | 0.0 | -26.67 | 45.98 | 0.0 | 26.10 | -50.86 | 0.0 |
| 20Q2 (3) | -1.11 | -5650.0 | 0.0 | -17.01 | -222.64 | 0.0 | -47.18 | -8678.18 | 0.0 | -31.58 | -4426.03 | 0.0 | -30.59 | -8150.0 | 0.0 | -6.41 | -5441.67 | 0.0 | -2.79 | -1741.18 | 0.0 | 0.10 | -33.33 | 0.0 | -12.13 | -191.96 | 0.0 | 121.99 | 2.87 | 0.0 | 149.23 | 93.99 | 0.0 | -49.37 | -313.92 | 0.0 | 53.11 | 61.67 | 0.0 |
| 20Q1 (2) | 0.02 | -96.55 | 0.0 | 13.87 | -47.72 | 0.0 | 0.55 | -94.97 | 0.0 | 0.73 | -91.37 | 0.0 | 0.38 | -93.89 | 0.0 | 0.12 | -96.26 | 0.0 | 0.17 | -89.03 | 0.0 | 0.15 | -34.78 | 0.0 | 13.19 | -20.59 | 0.0 | 118.59 | -1.72 | 0.0 | 76.92 | -40.47 | 0.0 | 23.08 | 178.98 | 0.0 | 32.85 | 34.25 | 0.0 |
| 19Q4 (1) | 0.58 | 0.0 | 0.0 | 26.53 | 0.0 | 0.0 | 10.94 | 0.0 | 0.0 | 8.46 | 0.0 | 0.0 | 6.22 | 0.0 | 0.0 | 3.21 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 16.61 | 0.0 | 0.0 | 120.66 | 0.0 | 0.0 | 129.22 | 0.0 | 0.0 | -29.22 | 0.0 | 0.0 | 24.47 | 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) | -0.51 | 0 | 9.05 | -27.77 | -2.59 | 0 | 10.35 | 18.14 | -2.30 | 0 | -2.30 | 0 | -3.35 | 0 | -0.73 | 0 | 0.67 | -10.67 | 10.03 | -20.46 | 118.15 | 0.0 | 112.46 | 59.35 | -12.46 | 0 | 0.57 | -2.7 | 28.96 | 5.35 |
| 2022 (9) | 0.65 | 0 | 12.53 | 0 | 1.76 | 0 | 8.76 | -15.9 | 2.50 | 267.65 | 2.37 | 0 | 4.09 | 0 | 2.39 | 0 | 0.75 | 29.31 | 12.61 | 3.11 | 118.15 | -17.34 | 70.57 | 0 | 29.43 | -98.72 | 0.59 | 20.39 | 27.49 | -12.03 |
| 2021 (8) | -0.39 | 0 | -1.74 | 0 | -14.79 | 0 | 10.42 | -1.11 | 0.68 | 0 | -1.79 | 0 | -2.53 | 0 | -0.64 | 0 | 0.58 | -1.69 | 12.23 | 2083.93 | 142.93 | -2.39 | -2193.41 | 0 | 2294.51 | 0 | 0.49 | 8.13 | 31.25 | -1.64 |
| 2020 (7) | -2.32 | 0 | -0.02 | 0 | -16.06 | 0 | 10.54 | 39.78 | -11.00 | 0 | -9.98 | 0 | -13.67 | 0 | -5.46 | 0 | 0.59 | -37.89 | 0.56 | -96.96 | 146.43 | 21.36 | 145.93 | 36.73 | -45.93 | 0 | 0.45 | 214.84 | 31.77 | 38.92 |
| 2019 (6) | 2.80 | 164.15 | 22.53 | 62.55 | 10.84 | 161.2 | 7.54 | -14.8 | 10.15 | 171.39 | 7.72 | 136.09 | 16.30 | 147.72 | 7.83 | 130.29 | 0.95 | 9.2 | 18.41 | 37.18 | 120.66 | -3.27 | 106.72 | -3.92 | -6.72 | 0 | 0.14 | -15.74 | 22.87 | 1.73 |
| 2018 (5) | 1.06 | -14.52 | 13.86 | -12.72 | 4.15 | -31.52 | 8.85 | 8.84 | 3.74 | -0.53 | 3.27 | -8.91 | 6.58 | -9.99 | 3.40 | -6.85 | 0.87 | 1.16 | 13.42 | 5.42 | 124.74 | -7.94 | 111.08 | -31.17 | -10.94 | 0 | 0.17 | 0 | 22.48 | -1.36 |
| 2017 (4) | 1.24 | 0 | 15.88 | 118.73 | 6.06 | 0 | 8.13 | -24.99 | 3.76 | 0 | 3.59 | 0 | 7.31 | 0 | 3.65 | 0 | 0.86 | 32.31 | 12.73 | 150.59 | 135.50 | -2.6 | 161.38 | 118.66 | -61.38 | 0 | 0.00 | 0 | 22.79 | -19.33 |
| 2016 (3) | -1.27 | 0 | 7.26 | -52.92 | -4.88 | 0 | 10.84 | 11.53 | -6.61 | 0 | -5.66 | 0 | -7.91 | 0 | -3.24 | 0 | 0.65 | -10.96 | 5.08 | -65.97 | 139.12 | 43.87 | 73.80 | -16.23 | 26.20 | 120.19 | 0.00 | 0 | 28.25 | 16.74 |
| 2015 (2) | 0.97 | 7.78 | 15.42 | 15.42 | 3.98 | 110.58 | 9.72 | -4.16 | 4.51 | 19.0 | 3.81 | 2.97 | 5.33 | 0.76 | 3.15 | -4.26 | 0.73 | -3.95 | 14.93 | 1.08 | 96.70 | 9.6 | 88.10 | 75.87 | 11.90 | -76.25 | 0.00 | 0 | 24.20 | 5.91 |
| 2014 (1) | 0.90 | 104.55 | 13.36 | 0 | 1.89 | 0 | 10.14 | -3.69 | 3.79 | 0 | 3.70 | 0 | 5.29 | 0 | 3.29 | 0 | 0.76 | 4.11 | 14.77 | 8.21 | 88.23 | -1.81 | 50.10 | 0 | 50.10 | -56.19 | 0.00 | 0 | 22.85 | 1.78 |
