- 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) | -0.12 | -300.0 | 7.69 | 10.87 | -3.29 | 42.65 | -0.40 | -385.71 | 78.95 | -0.76 | -300.0 | 30.28 | -1.19 | -283.87 | 9.85 | -0.59 | -293.33 | -7.27 | -0.06 | -154.55 | 33.33 | 0.20 | 5.26 | 11.11 | 11.31 | -17.92 | -4.8 | 149.10 | -3.41 | 14.58 | 52.10 | 39.26 | -70.08 | 47.90 | -23.47 | 164.63 | 16.38 | -3.65 | 1.87 |
| 24Q2 (19) | -0.03 | 93.48 | 95.24 | 11.24 | 240.61 | 256.83 | 0.14 | 101.68 | 102.0 | 0.38 | 106.82 | 105.65 | -0.31 | 94.84 | 95.86 | -0.15 | 93.24 | 94.55 | 0.11 | 114.29 | 110.38 | 0.19 | 18.75 | 18.75 | 13.78 | 40.18 | 95.46 | 154.37 | 7.01 | 13.88 | 37.41 | -74.89 | -63.94 | 62.59 | 227.68 | 1767.95 | 17.00 | -7.0 | 1.55 |
| 24Q1 (18) | -0.46 | -130.0 | 67.61 | 3.30 | -2.08 | 134.77 | -8.31 | -3.88 | 61.81 | -5.57 | 34.16 | 74.75 | -6.01 | -170.72 | 72.25 | -2.22 | -164.29 | 63.31 | -0.77 | -250.0 | 72.1 | 0.16 | 0.0 | 23.08 | 9.83 | 61.94 | 263.02 | 144.26 | 9.37 | 20.72 | 149.02 | 57.61 | 51.09 | -49.02 | -999.81 | -3648.58 | 18.28 | 12.08 | -12.79 |
| 23Q4 (17) | -0.20 | -53.85 | 82.76 | 3.37 | -55.77 | 138.69 | -8.00 | -321.05 | 61.39 | -8.46 | -676.15 | 57.49 | -2.22 | -68.18 | 88.27 | -0.84 | -52.73 | 83.4 | -0.22 | -144.44 | 91.09 | 0.16 | -11.11 | 14.29 | 6.07 | -48.91 | 242.49 | 131.90 | 1.36 | 29.19 | 94.55 | -45.7 | -9.2 | 5.45 | 107.35 | 231.8 | 16.31 | 1.43 | -6.53 |
| 23Q3 (16) | -0.13 | 79.37 | 89.43 | 7.62 | 141.9 | 152.16 | -1.90 | 72.82 | 93.11 | -1.09 | 83.8 | 95.25 | -1.32 | 82.35 | 93.74 | -0.55 | 80.0 | 88.68 | -0.09 | 91.51 | 96.5 | 0.18 | 12.5 | 38.46 | 11.88 | 68.51 | 282.49 | 130.13 | -4.0 | 42.87 | 174.12 | 67.82 | 44.74 | -74.12 | -1875.24 | -265.33 | 16.08 | -3.94 | -22.09 |
| 23Q2 (15) | -0.63 | 55.63 | -6.78 | 3.15 | 133.19 | 14.96 | -6.99 | 67.88 | 5.41 | -6.73 | 69.49 | -16.23 | -7.48 | 65.47 | 17.44 | -2.75 | 54.55 | -12.24 | -1.06 | 61.59 | 18.46 | 0.16 | 23.08 | 6.67 | 7.05 | 216.92 | -2.22 | 135.55 | 13.43 | 73.47 | 103.75 | 5.2 | -18.63 | -3.75 | -371.64 | 86.36 | 16.74 | -20.13 | -4.01 |
| 23Q1 (14) | -1.42 | -22.41 | -362.96 | -9.49 | -8.96 | -166.18 | -21.76 | -5.02 | -434.77 | -22.06 | -10.85 | -398.92 | -21.66 | -14.48 | -441.1 | -6.05 | -19.57 | -377.52 | -2.76 | -11.74 | -315.62 | 0.13 | -7.14 | -31.58 | -6.03 | -41.55 | -134.09 | 119.50 | 17.04 | 43.84 | 98.63 | -5.29 | 11.98 | 1.38 | 133.42 | -88.4 | 20.96 | 20.11 | 40.86 |
| 22Q4 (13) | -1.16 | 5.69 | -203.57 | -8.71 | 40.38 | -146.04 | -20.72 | 24.87 | -286.33 | -19.90 | 13.21 | -253.55 | -18.92 | 10.29 | -249.33 | -5.06 | -4.12 | -203.05 | -2.47 | 3.89 | -187.59 | 0.14 | 7.69 | -36.36 | -4.26 | 34.56 | -119.16 | 102.10 | 12.1 | 30.03 | 104.13 | -13.44 | 21.35 | -4.13 | 79.63 | -129.13 | 17.45 | -15.46 | 25.18 |
| 22Q3 (12) | -1.23 | -108.47 | -160.59 | -14.61 | -633.21 | -152.8 | -27.58 | -273.21 | -233.75 | -22.93 | -296.03 | -208.72 | -21.09 | -132.78 | -204.67 | -4.86 | -98.37 | -156.51 | -2.57 | -97.69 | -155.39 | 0.13 | -13.33 | -43.48 | -6.51 | -190.29 | -121.64 | 91.08 | 16.56 | 14.45 | 120.30 | -5.65 | 23.03 | -20.29 | 26.24 | -1013.43 | 20.64 | 18.35 | 53.46 |
| 22Q2 (11) | -0.59 | -209.26 | -128.64 | 2.74 | -80.89 | -90.47 | -7.39 | -213.69 | -134.84 | -5.79 | -178.46 | -126.6 | -9.06 | -242.68 | -143.64 | -2.45 | -212.39 | -126.2 | -1.30 | -201.56 | -127.9 | 0.15 | -21.05 | -31.82 | 7.21 | -59.24 | -76.95 | 78.14 | -5.95 | -21.85 | 127.50 | 44.76 | 30.92 | -27.50 | -331.06 | -1155.01 | 17.44 | 17.2 | 22.13 |
| 22Q1 (10) | 0.54 | -51.79 | -56.8 | 14.34 | -24.21 | -34.88 | 6.50 | -41.55 | -55.14 | 7.38 | -43.06 | -51.54 | 6.35 | -49.88 | -55.53 | 2.18 | -55.6 | -63.48 | 1.28 | -54.61 | -56.76 | 0.19 | -13.64 | -5.0 | 17.69 | -20.42 | -32.97 | 83.08 | 5.81 | -25.75 | 88.08 | 2.65 | -7.43 | 11.90 | -16.12 | 145.28 | 14.88 | 6.74 | 2.41 |
| 21Q4 (9) | 1.12 | -44.83 | 25.84 | 18.92 | -31.62 | 11.62 | 11.12 | -46.07 | 8.17 | 12.96 | -38.55 | 24.86 | 12.67 | -37.12 | 14.97 | 4.91 | -42.91 | 3.37 | 2.82 | -39.22 | 20.0 | 0.22 | -4.35 | 10.0 | 22.23 | -26.12 | 0.72 | 78.52 | -1.33 | -28.72 | 85.81 | -12.24 | -13.38 | 14.19 | 538.93 | 1420.79 | 13.94 | 3.64 | 20.48 |
| 21Q3 (8) | 2.03 | -1.46 | 576.67 | 27.67 | -3.72 | 161.28 | 20.62 | -2.78 | 469.61 | 21.09 | -3.12 | 402.14 | 20.15 | -2.94 | 390.27 | 8.60 | -8.02 | 408.88 | 4.64 | -0.43 | 404.35 | 0.23 | 4.55 | 21.05 | 30.09 | -3.8 | 75.66 | 79.58 | -20.41 | -32.92 | 97.78 | 0.4 | 13.52 | 2.22 | -14.81 | -83.98 | 13.45 | -5.81 | 10.97 |
| 21Q2 (7) | 2.06 | 64.8 | 764.52 | 28.74 | 30.52 | 964.44 | 21.21 | 46.38 | 495.71 | 21.77 | 42.94 | 561.23 | 20.76 | 45.38 | 511.9 | 9.35 | 56.62 | 619.44 | 4.66 | 57.43 | 785.29 | 0.22 | 10.0 | 37.5 | 31.28 | 18.53 | 200.19 | 99.99 | -10.64 | -15.7 | 97.39 | 2.36 | -14.28 | 2.61 | -46.28 | 119.14 | 14.28 | -1.72 | 0 |
| 21Q1 (6) | 1.25 | 40.45 | 335.85 | 22.02 | 29.91 | 3436.36 | 14.49 | 40.95 | 242.9 | 15.23 | 46.72 | 244.63 | 14.28 | 29.58 | 232.71 | 5.97 | 25.68 | 290.13 | 2.96 | 25.96 | 325.95 | 0.20 | 0.0 | 42.86 | 26.39 | 19.57 | 237.47 | 111.89 | 1.57 | -3.77 | 95.15 | -3.96 | -1.24 | 4.85 | 420.09 | 31.92 | 14.53 | 25.58 | -17.72 |
| 20Q4 (5) | 0.89 | 196.67 | 196.74 | 16.95 | 60.06 | 800.41 | 10.28 | 183.98 | 197.81 | 10.38 | 147.14 | 180.97 | 11.02 | 168.13 | 174.71 | 4.75 | 181.07 | 200.42 | 2.35 | 155.43 | 210.85 | 0.20 | 5.26 | 33.33 | 22.07 | 28.84 | 607.37 | 110.16 | -7.14 | -1.24 | 99.07 | 15.02 | 20.86 | 0.93 | -93.27 | -94.82 | 11.57 | -4.54 | -8.83 |
| 20Q3 (4) | 0.30 | 196.77 | 0.0 | 10.59 | 292.22 | 0.0 | 3.62 | 167.54 | 0.0 | 4.20 | 188.98 | 0.0 | 4.11 | 181.55 | 0.0 | 1.69 | 193.89 | 0.0 | 0.92 | 235.29 | 0.0 | 0.19 | 18.75 | 0.0 | 17.13 | 64.4 | 0.0 | 118.63 | 0.02 | 0.0 | 86.13 | -24.19 | 0.0 | 13.87 | 201.84 | 0.0 | 12.12 | 0 | 0.0 |
| 20Q2 (3) | -0.31 | 41.51 | 0.0 | 2.70 | 509.09 | 0.0 | -5.36 | 47.14 | 0.0 | -4.72 | 55.18 | 0.0 | -5.04 | 53.16 | 0.0 | -1.80 | 42.68 | 0.0 | -0.68 | 48.09 | 0.0 | 0.16 | 14.29 | 0.0 | 10.42 | 33.25 | 0.0 | 118.61 | 2.01 | 0.0 | 113.62 | 17.94 | 0.0 | -13.62 | -470.18 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.53 | 42.39 | 0.0 | -0.66 | 72.73 | 0.0 | -10.14 | 3.52 | 0.0 | -10.53 | 17.86 | 0.0 | -10.76 | 27.05 | 0.0 | -3.14 | 33.62 | 0.0 | -1.31 | 38.21 | 0.0 | 0.14 | -6.67 | 0.0 | 7.82 | 150.64 | 0.0 | 116.27 | 4.24 | 0.0 | 96.34 | 17.53 | 0.0 | 3.68 | -79.6 | 0.0 | 17.66 | 39.16 | 0.0 |
| 19Q4 (1) | -0.92 | 0.0 | 0.0 | -2.42 | 0.0 | 0.0 | -10.51 | 0.0 | 0.0 | -12.82 | 0.0 | 0.0 | -14.75 | 0.0 | 0.0 | -4.73 | 0.0 | 0.0 | -2.12 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 3.12 | 0.0 | 0.0 | 111.54 | 0.0 | 0.0 | 81.97 | 0.0 | 0.0 | 18.03 | 0.0 | 0.0 | 12.69 | 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) | -2.37 | 0 | 1.86 | 190.63 | -8.86 | 0 | 13.06 | 3.02 | -8.74 | 0 | -7.32 | 0 | -10.18 | 0 | -4.15 | 0 | 0.64 | 4.92 | 5.46 | 0.0 | 131.90 | 29.19 | 101.29 | -17.57 | -1.29 | 0 | 2.94 | -0.25 | 17.31 | 0.41 |
| 2022 (9) | -2.39 | 0 | 0.64 | -97.39 | -9.71 | 0 | 12.68 | 40.44 | -7.90 | 0 | -8.50 | 0 | -9.77 | 0 | -4.87 | 0 | 0.61 | -31.46 | 5.46 | -80.21 | 102.10 | 30.03 | 122.89 | 29.37 | -22.89 | 0 | 2.95 | 6.44 | 17.24 | 22.88 |
| 2021 (8) | 6.44 | 1688.89 | 24.49 | 191.55 | 17.02 | 2110.39 | 9.03 | -30.39 | 17.91 | 1638.83 | 17.12 | 1500.0 | 29.40 | 1834.21 | 15.68 | 1096.95 | 0.89 | 32.84 | 27.59 | 81.75 | 78.52 | -28.72 | 94.98 | 27.13 | 5.02 | -80.16 | 2.77 | -11.95 | 14.03 | 2.86 |
| 2020 (7) | 0.36 | 0 | 8.40 | 4841.18 | 0.77 | 0 | 12.97 | -2.36 | 1.03 | 0 | 1.07 | 0 | 1.52 | 0 | 1.31 | 0 | 0.67 | 0.0 | 15.18 | 107.38 | 110.16 | -1.24 | 74.71 | -27.56 | 25.29 | 0 | 3.14 | -2.42 | 13.64 | -3.88 |
| 2019 (6) | -2.00 | 0 | 0.17 | -98.14 | -7.61 | 0 | 13.28 | 21.27 | -7.38 | 0 | -8.04 | 0 | -10.66 | 0 | -4.71 | 0 | 0.67 | -6.94 | 7.32 | -53.2 | 111.54 | 25.86 | 103.14 | 73.49 | -3.14 | 0 | 3.22 | -1.32 | 14.19 | 2.09 |
| 2018 (5) | 1.06 | -68.45 | 9.15 | -48.88 | 2.17 | -81.1 | 10.95 | 4.31 | 3.65 | -68.37 | 2.59 | -70.8 | 3.60 | -74.72 | 2.37 | -68.36 | 0.72 | -7.69 | 15.64 | -32.21 | 88.62 | -7.68 | 59.45 | -40.21 | 40.55 | 7025.8 | 3.26 | 0 | 13.90 | 5.54 |
| 2017 (4) | 3.36 | 314.81 | 17.90 | 70.8 | 11.48 | 206.13 | 10.50 | -10.35 | 11.54 | 239.41 | 8.87 | 341.29 | 14.24 | 335.47 | 7.49 | 261.84 | 0.78 | 1.3 | 23.07 | 41.71 | 95.99 | -16.73 | 99.43 | -9.86 | 0.57 | 0 | 0.00 | 0 | 13.17 | 7.77 |
| 2016 (3) | 0.81 | 58.82 | 10.48 | -5.24 | 3.75 | -22.84 | 11.71 | -9.94 | 3.40 | 61.14 | 2.01 | 50.0 | 3.27 | 36.82 | 2.07 | 32.69 | 0.77 | -3.75 | 16.28 | 1.24 | 115.28 | 6.78 | 110.30 | -52.16 | -10.31 | 0 | 0.00 | 0 | 12.22 | 6.82 |
| 2015 (2) | 0.51 | -72.13 | 11.06 | -6.9 | 4.86 | -10.5 | 13.00 | -5.34 | 2.11 | -56.94 | 1.34 | -69.75 | 2.39 | -74.95 | 1.56 | -64.94 | 0.80 | -5.88 | 16.08 | -18.91 | 107.96 | -19.73 | 230.57 | 107.84 | -130.57 | 0 | 0.00 | 0 | 11.44 | 18.55 |
| 2014 (1) | 1.83 | 306.67 | 11.88 | 0 | 5.43 | 0 | 13.74 | -8.88 | 4.90 | 0 | 4.43 | 0 | 9.54 | 0 | 4.45 | 0 | 0.85 | 6.25 | 19.83 | 12.1 | 134.50 | -23.58 | 110.94 | -29.96 | -10.94 | 0 | 0.00 | 0 | 9.65 | 15.71 |
