- 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) | 0.03 | -93.18 | 150.0 | 16.22 | -7.05 | 26.92 | 2.26 | 56.94 | 158.1 | 2.03 | -90.73 | 161.89 | 1.40 | -93.18 | 139.0 | 0.23 | -93.37 | 144.23 | 0.21 | -92.25 | 163.64 | 0.12 | -7.69 | 9.09 | 13.90 | -58.17 | 24.44 | 30.14 | -2.87 | -18.03 | 107.69 | 1599.15 | -6.99 | -7.69 | -108.21 | 51.28 | 28.12 | -3.63 | -3.47 |
| 24Q2 (19) | 0.44 | 980.0 | 358.82 | 17.45 | 15.72 | 84.66 | 1.44 | 302.82 | 121.08 | 21.90 | 1838.1 | 295.36 | 20.53 | 924.5 | 313.85 | 3.47 | 1063.89 | 340.97 | 2.71 | 1278.26 | 365.69 | 0.13 | 18.18 | 18.18 | 33.23 | 171.27 | 1208.27 | 31.03 | 3.12 | -9.43 | 6.34 | -88.91 | -89.54 | 93.66 | 118.54 | 137.76 | 29.18 | 0.34 | 3.33 |
| 24Q1 (18) | -0.05 | 37.5 | 58.33 | 15.08 | 10.56 | 229.98 | -0.71 | 70.54 | 94.43 | -1.26 | 74.39 | 86.05 | -2.49 | 29.66 | 65.56 | -0.36 | 33.33 | 62.11 | -0.23 | 30.3 | 64.62 | 0.11 | 0.0 | 10.0 | 12.25 | 36.11 | 94.14 | 30.09 | -20.54 | -11.76 | 57.14 | 18.37 | -59.91 | 42.86 | -17.14 | 206.02 | 29.08 | 18.79 | -8.09 |
| 23Q4 (17) | -0.08 | -33.33 | 63.64 | 13.64 | 6.73 | 134.77 | -2.41 | 38.05 | 80.15 | -4.92 | -50.0 | 70.09 | -3.54 | 1.39 | 74.31 | -0.54 | -3.85 | 68.05 | -0.33 | 0.0 | 72.03 | 0.11 | 0.0 | 22.22 | 9.00 | -19.43 | 1211.11 | 37.87 | 2.99 | 5.49 | 48.28 | -58.31 | -34.83 | 51.72 | 427.59 | 99.51 | 24.48 | -15.96 | -5.52 |
| 23Q3 (16) | -0.06 | 64.71 | 71.43 | 12.78 | 35.24 | 57.0 | -3.89 | 43.05 | 48.68 | -3.28 | 70.74 | 70.71 | -3.59 | 62.6 | 67.6 | -0.52 | 63.89 | 66.67 | -0.33 | 67.65 | 68.57 | 0.11 | 0.0 | 10.0 | 11.17 | 339.76 | 616.03 | 36.77 | 7.33 | -2.85 | 115.79 | 91.05 | 71.05 | -15.79 | -140.08 | -148.87 | 29.13 | 3.15 | 1.25 |
| 23Q2 (15) | -0.17 | -41.67 | 41.38 | 9.45 | 106.78 | -55.17 | -6.83 | 46.43 | -175.05 | -11.21 | -24.14 | -7.17 | -9.60 | -32.78 | 26.1 | -1.44 | -51.58 | 30.43 | -1.02 | -56.92 | 26.09 | 0.11 | 10.0 | 0.0 | 2.54 | -59.75 | 1793.33 | 34.26 | 0.47 | -27.21 | 60.61 | -57.49 | 169.55 | 39.39 | 197.45 | -78.79 | 28.24 | -10.75 | 19.97 |
| 23Q1 (14) | -0.12 | 45.45 | -209.09 | 4.57 | -21.34 | -81.69 | -12.75 | -5.02 | -208.51 | -9.03 | 45.11 | -220.08 | -7.23 | 47.53 | -245.18 | -0.95 | 43.79 | -221.79 | -0.65 | 44.92 | -210.17 | 0.10 | 11.11 | -9.09 | 6.31 | 879.01 | -64.09 | 34.10 | -5.01 | -25.71 | 142.55 | 92.45 | -9.12 | -40.43 | -255.93 | 28.91 | 31.64 | 22.12 | 19.8 |
| 22Q4 (13) | -0.22 | -4.76 | -112.72 | 5.81 | -28.62 | -76.75 | -12.14 | -60.16 | -281.74 | -16.45 | -46.88 | -122.19 | -13.78 | -24.37 | -119.65 | -1.69 | -8.33 | -113.77 | -1.18 | -12.38 | -114.32 | 0.09 | -10.0 | -25.0 | -0.81 | -151.92 | -100.97 | 35.90 | -5.15 | -11.23 | 74.07 | 9.43 | 729.93 | 25.93 | -19.75 | -71.53 | 25.91 | -9.94 | -14.18 |
| 22Q3 (12) | -0.21 | 27.59 | -156.76 | 8.14 | -61.39 | -65.26 | -7.58 | -183.3 | -161.88 | -11.20 | -7.07 | -168.8 | -11.08 | 14.7 | -183.37 | -1.56 | 24.64 | -155.12 | -1.05 | 23.91 | -157.38 | 0.10 | -9.09 | -23.08 | 1.56 | 1140.0 | -93.64 | 37.85 | -19.59 | -37.25 | 67.69 | 177.68 | -10.41 | 32.31 | -82.6 | 32.17 | 28.77 | 22.22 | 37.07 |
| 22Q2 (11) | -0.29 | -363.64 | -514.29 | 21.08 | -15.54 | -8.98 | 9.10 | -22.55 | -27.49 | -10.46 | -239.1 | -267.9 | -12.99 | -360.84 | -619.6 | -2.07 | -365.38 | -483.33 | -1.38 | -333.9 | -445.0 | 0.11 | 0.0 | -15.38 | -0.15 | -100.85 | -101.06 | 47.07 | 2.55 | -24.98 | -87.14 | -155.55 | -143.57 | 185.71 | 426.6 | 282.21 | 23.54 | -10.87 | 24.81 |
| 22Q1 (10) | 0.11 | -93.64 | -56.0 | 24.96 | -0.12 | 31.58 | 11.75 | 75.9 | 62.74 | 7.52 | -89.86 | -32.74 | 4.98 | -92.9 | -49.9 | 0.78 | -93.64 | -60.0 | 0.59 | -92.84 | -53.91 | 0.11 | -8.33 | -8.33 | 17.57 | -78.86 | -11.66 | 45.90 | 13.5 | -29.16 | 156.86 | 1657.5 | 142.42 | -56.86 | -162.44 | -261.11 | 26.41 | -12.52 | 11.11 |
| 21Q4 (9) | 1.73 | 367.57 | 1135.71 | 24.99 | 6.66 | 47.7 | 6.68 | -45.47 | 180.67 | 74.13 | 355.34 | 782.5 | 70.12 | 427.61 | 898.86 | 12.27 | 333.57 | 957.76 | 8.24 | 350.27 | 904.88 | 0.12 | -7.69 | 9.09 | 83.13 | 239.03 | 340.07 | 40.44 | -32.96 | -29.47 | 8.93 | -88.19 | -67.87 | 91.07 | 272.58 | 26.1 | 30.19 | 43.83 | 5.15 |
| 21Q3 (8) | 0.37 | 428.57 | 408.33 | 23.43 | 1.17 | 51.16 | 12.25 | -2.39 | 408.3 | 16.28 | 161.32 | 578.82 | 13.29 | 431.6 | 336.48 | 2.83 | 424.07 | 401.06 | 1.83 | 357.5 | 451.92 | 0.13 | 0.0 | 18.18 | 24.52 | 72.68 | 245.84 | 60.32 | -3.86 | 13.11 | 75.56 | -62.22 | 203.89 | 24.44 | 123.98 | -85.85 | 20.99 | 11.29 | -3.72 |
| 21Q2 (7) | 0.07 | -72.0 | -96.07 | 23.16 | 22.09 | 72.19 | 12.55 | 73.82 | 1751.32 | 6.23 | -44.28 | -92.91 | 2.50 | -74.85 | -96.98 | 0.54 | -72.31 | -96.31 | 0.40 | -68.75 | -95.59 | 0.13 | 8.33 | 18.18 | 14.20 | -28.61 | -85.6 | 62.74 | -3.16 | 7.87 | 200.00 | 209.09 | 22660.0 | -101.92 | -388.78 | -201.03 | 18.86 | -20.66 | 0 |
| 21Q1 (6) | 0.25 | 78.57 | 132.05 | 18.97 | 12.12 | 44.59 | 7.22 | 203.36 | 299.45 | 11.18 | 33.1 | 123.63 | 9.94 | 41.6 | 121.01 | 1.95 | 68.1 | 129.77 | 1.28 | 56.1 | 133.51 | 0.12 | 9.09 | 50.0 | 19.89 | 5.29 | 159.68 | 64.79 | 12.99 | -4.57 | 64.71 | 132.94 | 737.58 | 35.29 | -51.13 | -61.75 | 23.77 | -17.21 | -17.89 |
| 20Q4 (5) | 0.14 | 216.67 | -70.21 | 16.92 | 9.16 | 45.11 | 2.38 | -1.24 | 175.08 | 8.40 | 347.06 | -60.82 | 7.02 | 224.91 | -69.5 | 1.16 | 223.4 | -70.1 | 0.82 | 257.69 | -66.26 | 0.11 | 0.0 | 10.0 | 18.89 | 166.43 | -42.2 | 57.34 | 7.52 | -15.0 | 27.78 | 138.19 | 283.33 | 72.22 | -58.19 | -36.87 | 28.71 | 31.7 | 0 |
| 20Q3 (4) | -0.12 | -106.74 | 0.0 | 15.50 | 15.24 | 0.0 | 2.41 | 417.11 | 0.0 | -3.40 | -103.87 | 0.0 | -5.62 | -106.79 | 0.0 | -0.94 | -106.42 | 0.0 | -0.52 | -105.73 | 0.0 | 0.11 | 0.0 | 0.0 | 7.09 | -92.81 | 0.0 | 53.33 | -8.3 | 0.0 | -72.73 | -8103.64 | 0.0 | 172.73 | 71.21 | 0.0 | 21.80 | 0 | 0.0 |
| 20Q2 (3) | 1.78 | 328.21 | 0.0 | 13.45 | 2.52 | 0.0 | -0.76 | 79.01 | 0.0 | 87.89 | 285.74 | 0.0 | 82.79 | 274.96 | 0.0 | 14.64 | 323.51 | 0.0 | 9.08 | 337.7 | 0.0 | 0.11 | 37.5 | 0.0 | 98.60 | 395.83 | 0.0 | 58.16 | -14.33 | 0.0 | -0.89 | -111.48 | 0.0 | 100.89 | 9.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.78 | -265.96 | 0.0 | 13.12 | 12.52 | 0.0 | -3.62 | -14.2 | 0.0 | -47.32 | -320.71 | 0.0 | -47.32 | -305.56 | 0.0 | -6.55 | -268.81 | 0.0 | -3.82 | -257.2 | 0.0 | 0.08 | -20.0 | 0.0 | -33.33 | -201.99 | 0.0 | 67.89 | 0.64 | 0.0 | 7.73 | 150.99 | 0.0 | 92.27 | -19.34 | 0.0 | 28.95 | 0 | 0.0 |
| 19Q4 (1) | 0.47 | 0.0 | 0.0 | 11.66 | 0.0 | 0.0 | -3.17 | 0.0 | 0.0 | 21.44 | 0.0 | 0.0 | 23.02 | 0.0 | 0.0 | 3.88 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 32.68 | 0.0 | 0.0 | 67.46 | 0.0 | 0.0 | -15.15 | 0.0 | 0.0 | 114.39 | 0.0 | 0.0 | 0.00 | 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) | -0.44 | 0 | 10.24 | -35.92 | -6.32 | 0 | 13.58 | 20.38 | -7.10 | 0 | -5.98 | 0 | -3.45 | 0 | -2.30 | 0 | 0.42 | 2.44 | 7.23 | 41.21 | 37.87 | 5.49 | 88.82 | 0 | 11.18 | -90.88 | 0.22 | 73.96 | 28.27 | 8.4 |
| 2022 (9) | -0.60 | 0 | 15.98 | -29.45 | 1.55 | -84.22 | 11.28 | 44.46 | -6.78 | 0 | -7.62 | 0 | -4.34 | 0 | -2.97 | 0 | 0.41 | -19.61 | 5.12 | -85.13 | 35.90 | -11.23 | -22.56 | 0 | 122.56 | 96.91 | 0.13 | 307.04 | 26.08 | 12.17 |
| 2021 (8) | 2.41 | 136.27 | 22.65 | 52.53 | 9.82 | 2788.24 | 7.81 | -23.21 | 25.96 | 73.18 | 22.95 | 80.99 | 17.20 | 114.2 | 11.86 | 125.48 | 0.51 | 30.77 | 34.43 | 31.31 | 40.44 | -29.47 | 37.88 | 1623.57 | 62.24 | -36.36 | 0.03 | -1.68 | 23.25 | -10.3 |
| 2020 (7) | 1.02 | 70.0 | 14.85 | -2.81 | 0.34 | 0 | 10.17 | 10.45 | 14.99 | 63.11 | 12.68 | 52.59 | 8.03 | 53.83 | 5.26 | 44.51 | 0.39 | -2.5 | 26.22 | 34.6 | 57.34 | -15.0 | 2.20 | 0 | 97.80 | -12.73 | 0.03 | -33.09 | 25.92 | 14.29 |
| 2019 (6) | 0.60 | -66.48 | 15.28 | -24.69 | -1.13 | 0 | 9.21 | 54.02 | 9.19 | -46.57 | 8.31 | -48.45 | 5.22 | -56.68 | 3.64 | -53.51 | 0.40 | -13.04 | 19.48 | -19.64 | 67.46 | 36.81 | -12.07 | 0 | 112.07 | 53.25 | 0.05 | -22.61 | 22.68 | -11.89 |
| 2018 (5) | 1.79 | 171.21 | 20.29 | -13.44 | 4.61 | -55.8 | 5.98 | 18.23 | 17.20 | 275.55 | 16.12 | 251.97 | 12.05 | 208.18 | 7.83 | 187.87 | 0.46 | -14.81 | 24.24 | 136.03 | 49.31 | -34.83 | 26.87 | -88.21 | 73.13 | 0 | 0.06 | -17.14 | 25.74 | 14.4 |
| 2017 (4) | 0.66 | -27.47 | 23.44 | 2.58 | 10.43 | -5.18 | 5.06 | -7.63 | 4.58 | -39.97 | 4.58 | -39.97 | 3.91 | -41.47 | 2.72 | -45.49 | 0.54 | -12.9 | 10.27 | -24.71 | 75.66 | 81.57 | 227.97 | 58.18 | -127.97 | 0 | 0.08 | 0 | 22.50 | 1.26 |
| 2016 (3) | 0.91 | -25.41 | 22.85 | 4.48 | 11.00 | 10.44 | 5.47 | -2.08 | 7.63 | -18.66 | 7.63 | -13.49 | 6.68 | -30.49 | 4.99 | -23.35 | 0.62 | -11.43 | 13.64 | -13.62 | 41.67 | 7.18 | 144.12 | 35.59 | -44.12 | 0 | 0.00 | 0 | 22.22 | 20.5 |
| 2015 (2) | 1.22 | -18.67 | 21.87 | 39.21 | 9.96 | 42.69 | 5.59 | -1.68 | 9.38 | 23.75 | 8.82 | 16.51 | 9.61 | -27.96 | 6.51 | -12.03 | 0.70 | -23.08 | 15.79 | 12.3 | 38.88 | -49.47 | 106.29 | 15.49 | -6.29 | 0 | 0.00 | 0 | 18.44 | 31.62 |
| 2014 (1) | 1.50 | 0 | 15.71 | 0 | 6.98 | 0 | 5.69 | -41.58 | 7.58 | 0 | 7.57 | 0 | 13.34 | 0 | 7.40 | 0 | 0.91 | 28.17 | 14.06 | 0 | 76.95 | -31.7 | 92.03 | 52.74 | 7.69 | -80.65 | 0.00 | 0 | 14.01 | -13.3 |
