- 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) | 0.26 | -57.38 | -62.86 | 8.39 | -22.74 | -14.65 | 4.96 | -29.84 | -16.64 | 3.93 | -53.16 | -52.54 | 2.84 | -56.17 | -57.03 | 1.42 | -56.17 | -64.41 | 0.62 | -53.38 | -57.24 | 0.18 | -5.26 | -10.0 | 9.27 | -30.77 | -27.01 | 185.41 | 3.33 | -9.59 | 126.55 | 50.15 | 75.98 | -26.55 | -268.9 | -194.52 | 18.83 | -3.39 | 7.05 |
| 24Q2 (19) | 0.61 | -28.24 | -23.75 | 10.86 | 5.64 | -12.49 | 7.07 | -2.75 | -19.75 | 8.39 | -14.39 | -16.85 | 6.48 | -14.74 | -17.97 | 3.24 | -29.41 | -30.02 | 1.33 | -30.0 | -24.0 | 0.19 | -20.83 | -9.52 | 13.39 | -3.88 | -8.41 | 179.44 | 21.7 | -6.63 | 84.28 | 13.65 | -3.49 | 15.72 | -39.18 | 24.07 | 19.49 | -5.89 | 0.0 |
| 24Q1 (18) | 0.85 | 193.1 | 46.55 | 10.28 | -21.47 | 9.71 | 7.27 | -1.36 | 11.85 | 9.80 | 169.23 | 38.61 | 7.60 | 172.4 | 38.94 | 4.59 | 190.51 | 35.8 | 1.90 | 175.36 | 41.79 | 0.24 | 20.0 | 4.35 | 13.93 | 63.5 | 26.06 | 147.44 | -5.8 | -14.77 | 74.16 | -63.34 | -19.42 | 25.84 | 125.2 | 223.97 | 20.71 | 21.25 | 3.65 |
| 23Q4 (17) | 0.29 | -58.57 | 7.41 | 13.09 | 33.16 | 21.88 | 7.37 | 23.87 | 37.5 | 3.64 | -56.04 | 4.9 | 2.79 | -57.79 | -1.41 | 1.58 | -60.4 | -2.47 | 0.69 | -52.41 | -1.43 | 0.20 | 0.0 | -4.76 | 8.52 | -32.91 | 5.97 | 156.52 | -23.68 | -7.79 | 202.28 | 181.28 | 31.06 | -102.56 | -465.16 | -88.74 | 17.08 | -2.9 | -4.79 |
| 23Q3 (16) | 0.70 | -12.5 | 14.75 | 9.83 | -20.79 | 14.97 | 5.95 | -32.46 | 21.68 | 8.28 | -17.94 | -8.61 | 6.61 | -16.33 | -5.71 | 3.99 | -13.82 | 6.12 | 1.45 | -17.14 | -2.03 | 0.20 | -4.76 | 0.0 | 12.70 | -13.13 | -8.83 | 205.08 | 6.71 | 23.24 | 71.91 | -17.66 | 33.19 | 28.09 | 121.7 | -38.95 | 17.59 | -9.75 | -17.3 |
| 23Q2 (15) | 0.80 | 37.93 | 25.0 | 12.41 | 32.44 | 6.16 | 8.81 | 35.54 | 22.87 | 10.09 | 42.72 | 0.8 | 7.90 | 44.42 | -2.95 | 4.63 | 36.98 | 13.76 | 1.75 | 30.6 | 12.18 | 0.21 | -8.7 | 16.67 | 14.62 | 32.31 | -4.88 | 192.19 | 11.1 | 10.93 | 87.33 | -5.1 | 21.97 | 12.67 | 58.81 | -55.39 | 19.49 | -2.45 | -18.45 |
| 23Q1 (14) | 0.58 | 114.81 | 163.64 | 9.37 | -12.76 | 38.2 | 6.50 | 21.27 | 271.43 | 7.07 | 103.75 | 63.66 | 5.47 | 93.29 | 55.4 | 3.38 | 108.64 | 141.43 | 1.34 | 91.43 | 135.09 | 0.23 | 9.52 | 64.29 | 11.05 | 37.44 | 1.84 | 172.99 | 1.91 | 0.38 | 92.02 | -40.38 | 126.87 | 7.98 | 114.68 | -86.58 | 19.98 | 11.37 | -31.08 |
| 22Q4 (13) | 0.27 | -55.74 | 35.0 | 10.74 | 25.61 | -6.53 | 5.36 | 9.61 | -1.83 | 3.47 | -61.7 | 34.5 | 2.83 | -59.63 | 12.75 | 1.62 | -56.91 | 23.66 | 0.70 | -52.7 | 37.25 | 0.21 | 5.0 | 16.67 | 8.04 | -42.28 | -4.17 | 169.75 | 2.01 | -7.97 | 154.34 | 185.86 | -27.21 | -54.34 | -218.11 | 51.27 | 17.94 | -15.66 | -7.0 |
| 22Q3 (12) | 0.61 | -4.69 | 144.0 | 8.55 | -26.86 | -11.86 | 4.89 | -31.8 | 6.77 | 9.06 | -9.49 | 94.84 | 7.01 | -13.88 | 72.24 | 3.76 | -7.62 | 129.27 | 1.48 | -5.13 | 146.67 | 0.20 | 11.11 | 53.85 | 13.93 | -9.37 | 22.19 | 166.41 | -3.95 | -17.8 | 53.99 | -24.6 | -45.18 | 46.01 | 62.02 | 2948.04 | 21.27 | -11.0 | -14.58 |
| 22Q2 (11) | 0.64 | 190.91 | 48.84 | 11.69 | 72.42 | 85.56 | 7.17 | 309.71 | 563.89 | 10.01 | 131.71 | 39.61 | 8.14 | 131.25 | 19.88 | 4.07 | 190.71 | 39.38 | 1.56 | 173.68 | 54.46 | 0.18 | 28.57 | 28.57 | 15.37 | 41.66 | 12.68 | 173.26 | 0.54 | -16.09 | 71.60 | 76.53 | 378.85 | 28.40 | -52.22 | -66.52 | 23.90 | -17.56 | -4.05 |
| 22Q1 (10) | 0.22 | 10.0 | 178.57 | 6.78 | -40.99 | 3866.67 | 1.75 | -67.95 | 134.18 | 4.32 | 67.44 | 196.0 | 3.52 | 40.24 | 161.86 | 1.40 | 6.87 | 173.3 | 0.57 | 11.76 | 201.79 | 0.14 | -22.22 | 27.27 | 10.85 | 29.32 | 202.23 | 172.33 | -6.58 | -16.08 | 40.56 | -80.87 | -64.53 | 59.44 | 153.3 | 528.36 | 28.99 | 50.29 | -9.09 |
| 21Q4 (9) | 0.20 | -20.0 | 66.67 | 11.49 | 18.45 | 91.82 | 5.46 | 19.21 | 1431.71 | 2.58 | -44.52 | 75.51 | 2.51 | -38.33 | 37.16 | 1.31 | -20.12 | 63.75 | 0.51 | -15.0 | 59.38 | 0.18 | 38.46 | 28.57 | 8.39 | -26.4 | 6.61 | 184.46 | -8.88 | -14.31 | 212.04 | 115.29 | 854.87 | -111.52 | -7488.09 | -187.06 | 19.29 | -22.53 | -13.58 |
| 21Q3 (8) | 0.25 | -41.86 | 2600.0 | 9.70 | 53.97 | 68.7 | 4.58 | 324.07 | 465.43 | 4.65 | -35.15 | 453.57 | 4.07 | -40.06 | 1869.57 | 1.64 | -43.84 | 2150.0 | 0.60 | -40.59 | 1100.0 | 0.13 | -7.14 | 18.18 | 11.40 | -16.42 | 15.62 | 202.44 | -1.96 | -9.76 | 98.49 | 558.66 | 3.54 | 1.51 | -98.22 | -38.11 | 24.90 | -0.04 | -7.12 |
| 21Q2 (7) | 0.43 | 253.57 | 65.38 | 6.30 | 3600.0 | -41.01 | 1.08 | 121.09 | -69.14 | 7.17 | 259.33 | 22.35 | 6.79 | 219.33 | 26.21 | 2.92 | 252.88 | 71.76 | 1.01 | 280.36 | 71.19 | 0.14 | 27.27 | 40.0 | 13.64 | 279.94 | -5.87 | 206.48 | 0.56 | -14.82 | 14.95 | -86.92 | -74.92 | 84.81 | 711.24 | 110.05 | 24.91 | -21.89 | 0 |
| 21Q1 (6) | -0.28 | -333.33 | -566.67 | -0.18 | -103.01 | -103.64 | -5.12 | -1148.78 | -4038.46 | -4.50 | -406.12 | -396.05 | -5.69 | -410.93 | -698.95 | -1.91 | -338.75 | -630.56 | -0.56 | -275.0 | -380.0 | 0.11 | -21.43 | -8.33 | 3.59 | -54.38 | -58.01 | 205.34 | -4.61 | -6.22 | 114.35 | 507.1 | 1304.92 | -13.88 | -110.83 | -115.3 | 31.89 | 42.88 | 8.84 |
| 20Q4 (5) | 0.12 | 1300.0 | -73.91 | 5.99 | 4.17 | -57.88 | -0.41 | -150.62 | -104.4 | 1.47 | 75.0 | -77.79 | 1.83 | 895.65 | -66.05 | 0.80 | 1100.0 | -72.97 | 0.32 | 540.0 | -68.93 | 0.14 | 27.27 | -17.65 | 7.87 | -20.18 | -34.9 | 215.26 | -4.05 | 1.05 | -28.09 | -129.53 | -119.98 | 128.09 | 5151.69 | 415.44 | 22.32 | -16.75 | 0 |
| 20Q3 (4) | -0.01 | -103.85 | 0.0 | 5.75 | -46.16 | 0.0 | 0.81 | -76.86 | 0.0 | 0.84 | -85.67 | 0.0 | -0.23 | -104.28 | 0.0 | -0.08 | -104.71 | 0.0 | 0.05 | -91.53 | 0.0 | 0.11 | 10.0 | 0.0 | 9.86 | -31.95 | 0.0 | 224.34 | -7.45 | 0.0 | 95.12 | 59.54 | 0.0 | 2.44 | -93.96 | 0.0 | 26.81 | 0 | 0.0 |
| 20Q2 (3) | 0.26 | 333.33 | 0.0 | 10.68 | 115.76 | 0.0 | 3.50 | 2592.31 | 0.0 | 5.86 | 285.53 | 0.0 | 5.38 | 466.32 | 0.0 | 1.70 | 372.22 | 0.0 | 0.59 | 195.0 | 0.0 | 0.10 | -16.67 | 0.0 | 14.49 | 69.47 | 0.0 | 242.41 | 10.71 | 0.0 | 59.62 | 632.51 | 0.0 | 40.38 | -55.48 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.06 | -86.96 | 0.0 | 4.95 | -65.19 | 0.0 | 0.13 | -98.6 | 0.0 | 1.52 | -77.04 | 0.0 | 0.95 | -82.37 | 0.0 | 0.36 | -87.84 | 0.0 | 0.20 | -80.58 | 0.0 | 0.12 | -29.41 | 0.0 | 8.55 | -29.28 | 0.0 | 218.96 | 2.79 | 0.0 | 8.14 | -94.21 | 0.0 | 90.70 | 323.35 | 0.0 | 29.30 | 0 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 14.22 | 0.0 | 0.0 | 9.31 | 0.0 | 0.0 | 6.62 | 0.0 | 0.0 | 5.39 | 0.0 | 0.0 | 2.96 | 0.0 | 0.0 | 1.03 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 12.09 | 0.0 | 0.0 | 213.02 | 0.0 | 0.0 | 140.61 | 0.0 | 0.0 | -40.61 | 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) | 2.36 | 36.42 | 11.15 | 15.78 | 7.14 | 43.37 | 3.20 | -21.72 | 7.27 | 8.02 | 5.69 | 5.76 | 13.52 | 25.3 | 5.62 | 33.49 | 0.90 | 25.0 | 11.72 | -1.92 | 156.52 | -7.79 | 98.21 | 32.61 | 1.79 | -93.08 | 1.76 | -14.02 | 18.53 | -17.28 |
| 2022 (9) | 1.73 | 193.22 | 9.63 | 29.09 | 4.98 | 140.58 | 4.09 | -20.81 | 6.73 | 136.97 | 5.38 | 128.94 | 10.79 | 173.16 | 4.21 | 168.15 | 0.72 | 28.57 | 11.95 | 25.92 | 169.75 | -7.97 | 74.05 | 1.81 | 25.95 | -4.3 | 2.04 | -8.27 | 22.40 | -8.65 |
| 2021 (8) | 0.59 | 40.48 | 7.46 | 12.01 | 2.07 | 143.53 | 5.16 | -0.36 | 2.84 | 24.56 | 2.35 | 25.0 | 3.95 | 43.12 | 1.57 | 30.83 | 0.56 | 19.15 | 9.49 | -4.43 | 184.46 | -14.31 | 72.74 | 93.98 | 27.11 | -56.62 | 2.23 | -15.23 | 24.52 | -10.31 |
| 2020 (7) | 0.42 | -78.89 | 6.66 | -50.11 | 0.85 | -90.08 | 5.18 | 35.75 | 2.28 | -72.56 | 1.88 | -71.39 | 2.76 | -78.75 | 1.20 | -74.84 | 0.47 | -28.79 | 9.93 | -28.82 | 215.26 | 1.05 | 37.50 | -63.62 | 62.50 | 0 | 2.63 | -2.95 | 27.34 | 20.33 |
| 2019 (6) | 1.99 | -10.36 | 13.35 | 3.41 | 8.57 | 3.0 | 3.82 | 19.48 | 8.31 | -11.69 | 6.57 | -11.46 | 12.99 | -15.43 | 4.77 | -20.23 | 0.66 | -14.29 | 13.95 | -4.78 | 213.02 | 17.21 | 103.08 | 16.52 | -3.12 | 0 | 2.71 | 24.13 | 22.72 | -0.87 |
| 2018 (5) | 2.22 | 19.35 | 12.91 | -8.83 | 8.32 | -17.3 | 3.19 | 6.98 | 9.41 | 13.65 | 7.42 | 16.85 | 15.36 | 11.87 | 5.98 | 4.91 | 0.77 | -9.41 | 14.65 | 9.9 | 181.74 | 15.32 | 88.46 | -27.22 | 11.54 | 0 | 2.18 | -26.42 | 22.92 | 9.93 |
| 2017 (4) | 1.86 | -18.78 | 14.16 | -5.98 | 10.06 | 0.8 | 2.99 | 24.72 | 8.28 | -12.75 | 6.35 | -16.67 | 13.73 | -21.27 | 5.70 | -22.24 | 0.85 | -6.59 | 13.33 | -12.88 | 157.60 | 4.37 | 121.54 | 15.66 | -21.54 | 0 | 2.96 | 0 | 20.85 | 1.41 |
| 2016 (3) | 2.29 | 2.69 | 15.06 | 24.46 | 9.98 | 24.59 | 2.39 | 9.96 | 9.49 | 2.71 | 7.62 | 0.93 | 17.44 | -6.24 | 7.33 | -7.45 | 0.91 | -8.08 | 15.30 | 0.66 | 151.00 | 1.32 | 105.09 | 21.09 | -5.09 | 0 | 0.00 | 0 | 20.56 | 7.19 |
| 2015 (2) | 2.23 | 8.25 | 12.10 | 9.11 | 8.01 | 37.16 | 2.18 | -26.89 | 9.24 | 25.2 | 7.55 | 0.53 | 18.60 | -7.09 | 7.92 | -3.53 | 0.99 | -6.6 | 15.20 | 0.73 | 149.03 | 2.05 | 86.78 | 9.76 | 13.26 | -36.52 | 0.00 | 0 | 19.18 | -8.88 |
| 2014 (1) | 2.06 | 47.14 | 11.09 | 0 | 5.84 | 0 | 2.98 | 3.51 | 7.38 | 0 | 7.51 | 0 | 20.02 | 0 | 8.21 | 0 | 1.06 | -5.36 | 15.09 | -3.76 | 146.04 | -6.91 | 79.06 | -14.12 | 20.88 | 165.46 | 0.00 | 0 | 21.05 | 1.4 |
