- 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) | -0.48 | -84.62 | 40.74 | 3.24 | 12.11 | 112.84 | -30.81 | -31.78 | 45.08 | -22.48 | -75.21 | 44.66 | -18.28 | -122.66 | 43.53 | -0.89 | -81.63 | 38.62 | -0.69 | -86.49 | 45.67 | 0.04 | -20.0 | 0.0 | 28.21 | -2.62 | 184.09 | 23.61 | 19.48 | 84.89 | 137.04 | -24.78 | -0.79 | -37.04 | 54.93 | 2.87 | 18.80 | 32.02 | 2.12 |
| 24Q2 (19) | -0.26 | 33.33 | -4.0 | 2.89 | 199.31 | 125.76 | -23.38 | 23.87 | 48.41 | -12.83 | 21.0 | 53.06 | -8.21 | 35.46 | 25.16 | -0.49 | 31.94 | -8.89 | -0.37 | 37.29 | 2.63 | 0.05 | 0.0 | 25.0 | 28.97 | 5.58 | 4.55 | 19.76 | 21.67 | 49.36 | 182.17 | -3.67 | 9.82 | -82.17 | 7.79 | -24.81 | 14.24 | -1.18 | -25.83 |
| 24Q1 (18) | -0.39 | 51.25 | 27.78 | -2.91 | 78.68 | 66.28 | -30.71 | 34.0 | 31.62 | -16.24 | 59.95 | 50.61 | -12.72 | 55.35 | 51.49 | -0.72 | 50.68 | 24.21 | -0.59 | 53.17 | 29.76 | 0.05 | 0.0 | 66.67 | 27.44 | 515.25 | 5.95 | 16.24 | 6.63 | 9.95 | 189.11 | 64.83 | 38.44 | -89.11 | -503.77 | -143.47 | 14.41 | 20.79 | -26.96 |
| 23Q4 (17) | -0.80 | 1.23 | -116.22 | -13.65 | 45.92 | -204.68 | -46.53 | 17.06 | -139.72 | -40.55 | 0.17 | -127.43 | -28.49 | 11.99 | -97.71 | -1.46 | -0.69 | -131.75 | -1.26 | 0.79 | -125.0 | 0.05 | 25.0 | 25.0 | 4.46 | -55.09 | -84.97 | 15.23 | 19.26 | 29.51 | 114.73 | -16.94 | 5.37 | -14.76 | 61.29 | -67.43 | 11.93 | -35.2 | -36.78 |
| 23Q3 (16) | -0.81 | -224.0 | -195.29 | -25.24 | -124.96 | -177.35 | -56.10 | -23.79 | -771.86 | -40.62 | -48.63 | -241.58 | -32.37 | -195.08 | -235.1 | -1.45 | -222.22 | -199.32 | -1.27 | -234.21 | -199.22 | 0.04 | 0.0 | -20.0 | 9.93 | -64.16 | -84.31 | 12.77 | -3.48 | 14.94 | 138.13 | -16.73 | 374.89 | -38.13 | 42.08 | -153.77 | 18.41 | -4.11 | 22.98 |
| 23Q2 (15) | -0.25 | 53.7 | -111.79 | -11.22 | -30.01 | -125.42 | -45.32 | -0.91 | -252.34 | -27.33 | 16.88 | -169.35 | -10.97 | 58.16 | -130.09 | -0.45 | 52.63 | -112.3 | -0.38 | 54.76 | -111.87 | 0.04 | 33.33 | -55.56 | 27.71 | 6.99 | -54.41 | 13.23 | -10.43 | -28.18 | 165.89 | 21.44 | 119.73 | -65.83 | -79.87 | -368.67 | 19.20 | -2.69 | 81.65 |
| 23Q1 (14) | -0.54 | -45.95 | -125.59 | -8.63 | -166.18 | -119.67 | -44.91 | -131.38 | -243.07 | -32.88 | -84.41 | -181.69 | -26.22 | -81.96 | -179.84 | -0.95 | -50.79 | -125.68 | -0.84 | -50.0 | -125.15 | 0.03 | -25.0 | -70.0 | 25.90 | -12.71 | -56.51 | 14.77 | 25.6 | 33.91 | 136.60 | 25.45 | 75.12 | -36.60 | -315.19 | -266.38 | 19.73 | 4.56 | 129.42 |
| 22Q4 (13) | -0.37 | -143.53 | -117.7 | 13.04 | -60.04 | -73.58 | -19.41 | -332.46 | -151.77 | -17.83 | -162.15 | -146.96 | -14.41 | -160.14 | -147.78 | -0.63 | -143.15 | -116.58 | -0.56 | -143.75 | -116.37 | 0.04 | -20.0 | -63.64 | 29.67 | -53.12 | -46.9 | 11.76 | 5.85 | 10.32 | 108.89 | 274.35 | 10.27 | -8.82 | -112.43 | -809.15 | 18.87 | 26.05 | 177.5 |
| 22Q3 (12) | 0.85 | -59.91 | -65.16 | 32.63 | -26.08 | -33.72 | 8.35 | -71.93 | -78.06 | 28.69 | -27.2 | -27.16 | 23.96 | -34.28 | -24.13 | 1.46 | -60.11 | -68.47 | 1.28 | -60.0 | -69.08 | 0.05 | -44.44 | -61.54 | 63.29 | 4.13 | 13.52 | 11.11 | -39.69 | -6.56 | 29.09 | -61.47 | -69.9 | 70.91 | 189.4 | 2006.99 | 14.97 | 41.63 | 78.21 |
| 22Q2 (11) | 2.12 | 0.47 | 6.0 | 44.14 | 0.62 | 4.28 | 29.75 | -5.22 | -4.65 | 39.41 | -2.09 | 28.92 | 36.46 | 11.02 | 33.9 | 3.66 | -1.08 | -6.15 | 3.20 | -4.19 | -9.86 | 0.09 | -10.0 | -30.77 | 60.78 | 2.07 | 27.88 | 18.42 | 67.0 | 52.86 | 75.50 | -3.21 | -26.03 | 24.50 | 11.39 | 1285.78 | 10.57 | 22.91 | 6.77 |
| 22Q1 (10) | 2.11 | 0.96 | 139.77 | 43.87 | -11.12 | 50.7 | 31.39 | -16.27 | 83.89 | 40.25 | 6.0 | 114.1 | 32.84 | 8.89 | 115.34 | 3.70 | -2.63 | 112.64 | 3.34 | -2.34 | 106.17 | 0.10 | -9.09 | -9.09 | 59.55 | 6.57 | 49.1 | 11.03 | 3.47 | 39.09 | 78.00 | -21.01 | -14.09 | 22.00 | 1669.64 | 138.9 | 8.60 | 26.47 | -4.76 |
| 21Q4 (9) | 2.09 | -14.34 | 596.67 | 49.36 | 0.26 | 124.26 | 37.49 | -1.5 | 325.06 | 37.97 | -3.6 | 393.12 | 30.16 | -4.5 | 381.79 | 3.80 | -17.93 | 533.33 | 3.42 | -17.39 | 510.71 | 0.11 | -15.38 | 22.22 | 55.88 | 0.23 | 72.84 | 10.66 | -10.34 | 38.8 | 98.74 | 2.18 | -13.9 | 1.24 | -63.07 | 108.46 | 6.80 | -19.05 | -26.09 |
| 21Q3 (8) | 2.44 | 22.0 | 360.38 | 49.23 | 16.3 | 90.44 | 38.06 | 21.99 | 181.93 | 39.39 | 28.85 | 188.15 | 31.58 | 15.98 | 199.91 | 4.63 | 18.72 | 340.95 | 4.14 | 16.62 | 326.8 | 0.13 | 0.0 | 44.44 | 55.75 | 17.29 | 48.35 | 11.89 | -1.33 | 32.11 | 96.63 | -5.32 | -2.15 | 3.37 | 262.87 | 182.04 | 8.40 | -15.15 | -6.77 |
| 21Q2 (7) | 2.00 | 127.27 | 90.48 | 42.33 | 45.41 | 38.42 | 31.20 | 82.78 | 59.35 | 30.57 | 62.61 | 46.69 | 27.23 | 78.56 | 39.43 | 3.90 | 124.14 | 85.71 | 3.55 | 119.14 | 84.9 | 0.13 | 18.18 | 30.0 | 47.53 | 19.0 | 12.1 | 12.05 | 51.95 | 16.65 | 102.07 | 12.42 | 8.61 | -2.07 | -122.44 | -134.3 | 9.90 | 9.63 | -0.9 |
| 21Q1 (6) | 0.88 | 193.33 | 39.68 | 29.11 | 32.26 | 22.16 | 17.07 | 93.54 | 34.3 | 18.80 | 144.16 | 16.63 | 15.25 | 143.61 | 14.06 | 1.74 | 190.0 | 38.1 | 1.62 | 189.29 | 39.66 | 0.11 | 22.22 | 22.22 | 39.94 | 23.54 | -2.87 | 7.93 | 3.26 | -2.34 | 90.79 | -20.84 | 15.17 | 9.21 | 162.69 | -56.5 | 9.03 | -1.85 | -11.82 |
| 20Q4 (5) | 0.30 | -43.4 | -28.57 | 22.01 | -14.85 | -14.52 | 8.82 | -34.67 | -19.67 | 7.70 | -43.67 | -34.86 | 6.26 | -40.55 | -36.12 | 0.60 | -42.86 | -29.41 | 0.56 | -42.27 | -28.21 | 0.09 | 0.0 | 12.5 | 32.33 | -13.97 | -19.7 | 7.68 | -14.67 | -10.8 | 114.69 | 16.13 | 23.45 | -14.69 | -1330.84 | -305.1 | 9.20 | 2.11 | -22.36 |
| 20Q3 (4) | 0.53 | -49.52 | 0.0 | 25.85 | -15.47 | 0.0 | 13.50 | -31.05 | 0.0 | 13.67 | -34.4 | 0.0 | 10.53 | -46.08 | 0.0 | 1.05 | -50.0 | 0.0 | 0.97 | -49.48 | 0.0 | 0.09 | -10.0 | 0.0 | 37.58 | -11.37 | 0.0 | 9.00 | -12.88 | 0.0 | 98.76 | 5.09 | 0.0 | 1.19 | -80.19 | 0.0 | 9.01 | -9.81 | 0.0 |
| 20Q2 (3) | 1.05 | 66.67 | 0.0 | 30.58 | 28.33 | 0.0 | 19.58 | 54.05 | 0.0 | 20.84 | 29.28 | 0.0 | 19.53 | 46.07 | 0.0 | 2.10 | 66.67 | 0.0 | 1.92 | 65.52 | 0.0 | 0.10 | 11.11 | 0.0 | 42.40 | 3.11 | 0.0 | 10.33 | 27.22 | 0.0 | 93.98 | 19.21 | 0.0 | 6.02 | -71.54 | 0.0 | 9.99 | -2.44 | 0.0 |
| 20Q1 (2) | 0.63 | 50.0 | 0.0 | 23.83 | -7.46 | 0.0 | 12.71 | 15.76 | 0.0 | 16.12 | 36.38 | 0.0 | 13.37 | 36.43 | 0.0 | 1.26 | 48.24 | 0.0 | 1.16 | 48.72 | 0.0 | 0.09 | 12.5 | 0.0 | 41.12 | 2.14 | 0.0 | 8.12 | -5.69 | 0.0 | 78.83 | -15.15 | 0.0 | 21.17 | 195.62 | 0.0 | 10.24 | -13.59 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 25.75 | 0.0 | 0.0 | 10.98 | 0.0 | 0.0 | 11.82 | 0.0 | 0.0 | 9.80 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.78 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 40.26 | 0.0 | 0.0 | 8.61 | 0.0 | 0.0 | 92.90 | 0.0 | 0.0 | 7.16 | 0.0 | 0.0 | 11.85 | 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) | -2.40 | 0 | -15.00 | 0 | -48.37 | 0 | 50.24 | 90.92 | -35.81 | 0 | -24.89 | 0 | -4.28 | 0 | -3.71 | 0 | 0.15 | -48.28 | 15.95 | -71.76 | 15.23 | 29.51 | 135.08 | 107.21 | -35.09 | 0 | 0.48 | 27.07 | 16.99 | 42.89 |
| 2022 (9) | 4.72 | -36.22 | 37.47 | -13.4 | 19.32 | -39.17 | 26.32 | 49.85 | 29.63 | -8.66 | 25.67 | -3.82 | 8.26 | -40.92 | 7.45 | -41.84 | 0.29 | -39.58 | 56.49 | 12.24 | 11.76 | 10.32 | 65.19 | -33.42 | 34.81 | 1563.66 | 0.38 | -28.4 | 11.89 | 39.39 |
| 2021 (8) | 7.40 | 194.82 | 43.27 | 68.23 | 31.76 | 129.65 | 17.56 | -24.62 | 32.44 | 120.08 | 26.69 | 111.83 | 13.98 | 177.93 | 12.81 | 175.48 | 0.48 | 29.73 | 50.33 | 30.9 | 10.66 | 38.8 | 97.91 | 4.37 | 2.09 | -66.22 | 0.53 | -30.26 | 8.53 | -11.24 |
| 2020 (7) | 2.51 | -22.29 | 25.72 | -19.35 | 13.83 | -24.84 | 23.30 | -15.87 | 14.74 | -32.07 | 12.60 | -33.65 | 5.03 | -18.87 | 4.65 | -17.7 | 0.37 | 23.33 | 38.45 | -22.45 | 7.68 | -10.8 | 93.80 | 10.64 | 6.20 | -59.29 | 0.76 | 322.21 | 9.61 | -13.66 |
| 2019 (6) | 3.23 | -74.77 | 31.89 | -42.04 | 18.40 | -60.39 | 27.70 | 95.81 | 21.70 | -55.79 | 18.99 | -59.13 | 6.20 | -76.6 | 5.65 | -76.08 | 0.30 | -41.18 | 49.58 | -21.74 | 8.61 | -19.68 | 84.78 | -10.41 | 15.22 | 183.87 | 0.18 | 614.03 | 11.13 | 37.24 |
| 2018 (5) | 12.80 | -10.86 | 55.02 | 22.62 | 46.45 | 35.74 | 14.14 | -7.85 | 49.08 | -35.57 | 46.46 | -36.68 | 26.50 | -28.4 | 23.62 | -16.45 | 0.51 | 34.21 | 63.35 | -31.59 | 10.72 | -24.13 | 94.64 | 110.68 | 5.36 | -90.27 | 0.03 | 0 | 8.11 | -25.05 |
| 2017 (4) | 14.36 | 65.63 | 44.87 | 45.35 | 34.22 | 66.6 | 15.35 | 8.29 | 76.17 | 23.27 | 73.37 | 28.72 | 37.01 | 9.56 | 28.27 | 40.09 | 0.38 | 8.57 | 92.61 | 18.76 | 14.13 | -76.43 | 44.92 | 35.13 | 55.08 | -17.49 | 0.00 | 0 | 10.82 | 1.88 |
| 2016 (3) | 8.67 | 22.63 | 30.87 | -21.75 | 20.54 | -33.18 | 14.17 | 9.68 | 61.79 | 53.36 | 57.00 | 45.63 | 33.78 | -5.06 | 20.18 | 17.67 | 0.35 | -16.67 | 77.98 | 40.58 | 59.94 | -33.1 | 33.24 | -56.43 | 66.75 | 181.62 | 0.00 | 0 | 10.62 | 4.32 |
| 2015 (2) | 7.07 | -39.93 | 39.45 | -12.61 | 30.74 | -19.72 | 12.92 | 17.17 | 40.29 | -37.65 | 39.14 | -31.84 | 35.58 | -68.57 | 17.15 | -43.9 | 0.42 | -16.0 | 55.47 | -29.32 | 89.60 | -40.61 | 76.30 | 28.75 | 23.70 | -41.82 | 0.00 | 0 | 10.18 | 15.29 |
| 2014 (1) | 11.77 | 3361.76 | 45.14 | 0 | 38.29 | 0 | 11.03 | -17.75 | 64.62 | 0 | 57.42 | 0 | 113.20 | 0 | 30.57 | 0 | 0.50 | 6.38 | 78.48 | 105.39 | 150.86 | -81.88 | 59.26 | 8.22 | 40.74 | -9.95 | 0.00 | 0 | 8.83 | 6.64 |
