- 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 | -21.21 | -57.38 | 30.26 | 9.92 | -0.85 | 7.99 | 43.96 | -19.7 | 6.33 | -30.97 | -58.22 | 5.25 | -25.53 | -55.96 | 0.96 | -22.58 | -60.17 | 0.64 | -17.95 | -54.93 | 0.11 | 10.0 | 0.0 | 22.50 | -14.02 | -27.63 | 67.27 | -10.9 | -9.5 | 127.27 | 112.12 | 94.51 | -27.27 | -168.18 | -178.9 | 32.11 | -2.9 | 8.3 |
| 24Q2 (19) | 0.33 | -75.56 | -5.71 | 27.53 | -24.49 | 1.89 | 5.55 | -71.88 | -7.35 | 9.17 | -61.95 | -9.12 | 7.05 | -63.43 | -6.62 | 1.24 | -75.73 | -14.48 | 0.78 | -73.65 | -9.3 | 0.10 | -33.33 | 0.0 | 26.17 | -26.07 | -4.97 | 75.50 | -5.57 | -16.02 | 60.00 | -26.94 | 1.38 | 40.00 | 123.75 | -2.0 | 33.07 | 39.59 | 4.62 |
| 24Q1 (18) | 1.35 | 39.18 | 56.98 | 36.46 | -3.82 | 4.74 | 19.74 | 5.28 | 16.8 | 24.10 | 43.88 | 43.71 | 19.28 | 39.11 | 44.31 | 5.11 | 42.34 | 37.37 | 2.96 | 38.97 | 59.14 | 0.15 | 0.0 | 15.38 | 35.40 | 23.73 | 16.07 | 79.95 | 5.39 | -15.12 | 82.12 | -26.39 | -18.66 | 17.88 | 254.51 | 1959.22 | 23.69 | -8.6 | -5.58 |
| 23Q4 (17) | 0.97 | 59.02 | -25.95 | 37.91 | 24.21 | 0.45 | 18.75 | 88.44 | -14.5 | 16.75 | 10.56 | -23.59 | 13.86 | 16.28 | -20.53 | 3.59 | 48.96 | -43.11 | 2.13 | 50.0 | -20.22 | 0.15 | 36.36 | 7.14 | 28.61 | -7.98 | -17.07 | 75.86 | 2.06 | -46.16 | 111.57 | 70.51 | 11.57 | -11.57 | -133.47 | 0 | 25.92 | -12.58 | 6.4 |
| 23Q3 (16) | 0.61 | 74.29 | 24.49 | 30.52 | 12.95 | -3.33 | 9.95 | 66.11 | -10.6 | 15.15 | 50.15 | 39.76 | 11.92 | 57.88 | 37.8 | 2.41 | 66.21 | -4.74 | 1.42 | 65.12 | 26.79 | 0.11 | 10.0 | 0.0 | 31.09 | 12.89 | 11.43 | 74.33 | -17.32 | -54.09 | 65.43 | 10.56 | -36.86 | 34.57 | -15.31 | 2001.23 | 29.65 | -6.2 | 3.64 |
| 23Q2 (15) | 0.35 | -59.3 | 200.0 | 27.02 | -22.38 | 95.09 | 5.99 | -64.56 | 164.34 | 10.09 | -39.83 | 188.59 | 7.55 | -43.49 | 181.1 | 1.45 | -61.02 | 180.11 | 0.86 | -53.76 | 265.38 | 0.10 | -23.08 | 42.86 | 27.54 | -9.7 | 93.4 | 89.90 | -4.55 | -45.7 | 59.18 | -41.38 | -27.45 | 40.82 | 4344.9 | 121.57 | 31.61 | 25.99 | -18.02 |
| 23Q1 (14) | 0.86 | -34.35 | 14.67 | 34.81 | -7.76 | 6.81 | 16.90 | -22.94 | 9.31 | 16.77 | -23.49 | 9.18 | 13.36 | -23.39 | 7.57 | 3.72 | -41.05 | -4.37 | 1.86 | -30.34 | 16.98 | 0.13 | -7.14 | 8.33 | 30.50 | -11.59 | -2.8 | 94.19 | -33.15 | -43.88 | 100.96 | 0.96 | 0.96 | -0.96 | 0 | 19.23 | 25.09 | 3.0 | -5.14 |
| 22Q4 (13) | 1.31 | 167.35 | 39.36 | 37.74 | 19.54 | 6.94 | 21.93 | 97.04 | 26.84 | 21.92 | 102.21 | 25.98 | 17.44 | 101.62 | 21.87 | 6.31 | 149.41 | 26.45 | 2.67 | 138.39 | 50.85 | 0.14 | 27.27 | 27.27 | 34.50 | 23.66 | -1.79 | 140.89 | -12.99 | -19.33 | 100.00 | -3.51 | 0.0 | 0.00 | 100.0 | -100.0 | 24.36 | -14.85 | -6.34 |
| 22Q3 (12) | 0.49 | 240.0 | 149.49 | 31.57 | 127.94 | 386.22 | 11.13 | 219.55 | 125.85 | 10.84 | 195.17 | 125.3 | 8.65 | 192.91 | 125.52 | 2.53 | 239.78 | 140.16 | 1.12 | 315.38 | 167.07 | 0.11 | 57.14 | 120.0 | 27.90 | 95.93 | 1118.25 | 161.92 | -2.2 | -40.2 | 103.64 | 27.04 | 2.55 | -1.82 | -109.87 | 0 | 28.61 | -25.8 | -44.19 |
| 22Q2 (11) | -0.35 | -146.67 | 51.39 | 13.85 | -57.5 | 188.16 | -9.31 | -160.22 | 77.14 | -11.39 | -174.15 | 63.73 | -9.31 | -174.96 | 61.75 | -1.81 | -146.53 | 58.39 | -0.52 | -132.7 | 56.67 | 0.07 | -41.67 | 16.67 | 14.24 | -54.62 | 58.75 | 165.56 | -1.36 | -21.29 | 81.58 | -18.42 | -37.25 | 18.42 | 1647.37 | 161.4 | 38.56 | 45.78 | -21.93 |
| 22Q1 (10) | 0.75 | -20.21 | 102.7 | 32.59 | -7.65 | 18.17 | 15.46 | -10.58 | 79.77 | 15.36 | -11.72 | 122.29 | 12.42 | -13.21 | 128.73 | 3.89 | -22.04 | 82.63 | 1.59 | -10.17 | 89.29 | 0.12 | 9.09 | 0.0 | 31.38 | -10.67 | 21.68 | 167.84 | -3.9 | -24.68 | 100.00 | 0.0 | -20.45 | -1.19 | -203.57 | 95.37 | 26.45 | 1.69 | -12.59 |
| 21Q4 (9) | 0.94 | 194.95 | -3.09 | 35.29 | 419.95 | 8.99 | 17.29 | 140.15 | 7.59 | 17.40 | 140.61 | 19.18 | 14.31 | 142.22 | 22.83 | 4.99 | 179.21 | -12.91 | 1.77 | 205.99 | -7.81 | 0.11 | 120.0 | -26.67 | 35.13 | 1382.12 | 17.3 | 174.66 | -35.49 | -21.11 | 100.00 | -1.05 | -8.91 | 1.15 | 0 | 111.75 | 26.01 | -49.26 | -2.88 |
| 21Q3 (8) | -0.99 | -37.5 | -341.46 | -11.03 | 29.79 | -139.58 | -43.06 | -5.72 | -605.4 | -42.85 | -36.46 | -627.06 | -33.89 | -39.24 | -605.82 | -6.30 | -44.83 | -351.0 | -1.67 | -39.17 | -281.52 | 0.05 | -16.67 | -54.55 | -2.74 | -130.55 | -109.48 | 270.75 | 28.71 | 13.49 | 101.06 | -22.26 | -4.12 | -0.00 | 100.0 | 100.0 | 51.26 | 3.79 | 73.47 |
| 21Q2 (7) | -0.72 | -294.59 | -1700.0 | -15.71 | -156.96 | -709.79 | -40.73 | -573.6 | -39.44 | -31.40 | -554.41 | -318.11 | -24.34 | -548.25 | -1945.38 | -4.35 | -304.23 | -1791.3 | -1.20 | -242.86 | -1023.08 | 0.06 | -50.0 | 0.0 | 8.97 | -65.22 | -71.32 | 210.35 | -5.61 | -14.78 | 130.00 | 3.41 | -67.04 | -30.00 | -16.67 | 89.81 | 49.39 | 63.22 | 3.5 |
| 21Q1 (6) | 0.37 | -61.86 | 236.36 | 27.58 | -14.82 | 16.27 | 8.60 | -46.48 | 102.35 | 6.91 | -52.67 | 225.94 | 5.43 | -53.39 | 266.89 | 2.13 | -62.83 | 267.24 | 0.84 | -56.25 | 133.33 | 0.12 | -20.0 | 9.09 | 25.79 | -13.89 | 20.29 | 222.85 | 0.65 | -5.38 | 125.71 | 14.51 | -34.15 | -25.71 | -162.86 | 74.29 | 30.26 | 12.99 | 0.77 |
| 20Q4 (5) | 0.97 | 136.59 | -11.82 | 32.38 | 16.18 | -4.29 | 16.07 | 88.62 | 4.9 | 14.60 | 79.58 | 6.18 | 11.65 | 73.88 | 8.37 | 5.73 | 128.29 | -1.38 | 1.92 | 108.7 | 4.92 | 0.15 | 36.36 | 0.0 | 29.95 | 3.6 | 3.81 | 221.41 | -7.19 | -9.26 | 109.78 | 4.15 | -1.94 | -9.78 | -80.98 | 18.18 | 26.78 | -9.37 | -1.65 |
| 20Q3 (4) | 0.41 | 1125.0 | 0.0 | 27.87 | 1536.6 | 0.0 | 8.52 | 129.17 | 0.0 | 8.13 | 208.26 | 0.0 | 6.70 | 663.03 | 0.0 | 2.51 | 1191.3 | 0.0 | 0.92 | 607.69 | 0.0 | 0.11 | 83.33 | 0.0 | 28.91 | -7.58 | 0.0 | 238.57 | -3.34 | 0.0 | 105.41 | -73.28 | 0.0 | -5.41 | 98.16 | 0.0 | 29.55 | -38.08 | 0.0 |
| 20Q2 (3) | -0.04 | -136.36 | 0.0 | -1.94 | -108.18 | 0.0 | -29.21 | -787.29 | 0.0 | -7.51 | -454.25 | 0.0 | -1.19 | -180.41 | 0.0 | -0.23 | -139.66 | 0.0 | 0.13 | -63.89 | 0.0 | 0.06 | -45.45 | 0.0 | 31.28 | 45.9 | 0.0 | 246.82 | 4.8 | 0.0 | 394.44 | 106.61 | 0.0 | -294.44 | -194.44 | 0.0 | 47.72 | 58.91 | 0.0 |
| 20Q1 (2) | 0.11 | -90.0 | 0.0 | 23.72 | -29.88 | 0.0 | 4.25 | -72.26 | 0.0 | 2.12 | -84.58 | 0.0 | 1.48 | -86.23 | 0.0 | 0.58 | -90.02 | 0.0 | 0.36 | -80.33 | 0.0 | 0.11 | -26.67 | 0.0 | 21.44 | -25.68 | 0.0 | 235.51 | -3.48 | 0.0 | 190.91 | 70.52 | 0.0 | -100.00 | -736.36 | 0.0 | 30.03 | 10.28 | 0.0 |
| 19Q4 (1) | 1.10 | 0.0 | 0.0 | 33.83 | 0.0 | 0.0 | 15.32 | 0.0 | 0.0 | 13.75 | 0.0 | 0.0 | 10.75 | 0.0 | 0.0 | 5.81 | 0.0 | 0.0 | 1.83 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 28.85 | 0.0 | 0.0 | 244.01 | 0.0 | 0.0 | 111.96 | 0.0 | 0.0 | -11.96 | 0.0 | 0.0 | 27.23 | 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) | 2.76 | 25.45 | 33.19 | 7.1 | 13.66 | 9.19 | 13.31 | -10.98 | 15.03 | 24.52 | 12.00 | 24.74 | 11.67 | 9.58 | 6.16 | 29.14 | 0.48 | 11.63 | 29.41 | 2.19 | 75.86 | -46.16 | 90.70 | -12.45 | 9.01 | 0 | 0.00 | 0 | 27.71 | -1.95 |
| 2022 (9) | 2.20 | 0 | 30.99 | 74.59 | 12.51 | 0 | 14.95 | -33.47 | 12.07 | 0 | 9.62 | 0 | 10.65 | 0 | 4.77 | 47600.0 | 0.43 | 34.37 | 28.78 | 30.11 | 140.89 | -19.33 | 103.60 | -20.89 | -3.60 | 0 | 0.00 | 0 | 28.26 | -19.05 |
| 2021 (8) | -0.38 | 0 | 17.75 | -27.1 | -3.78 | 0 | 22.47 | 20.48 | -2.87 | 0 | -2.02 | 0 | -1.92 | 0 | 0.01 | -99.69 | 0.32 | -23.81 | 22.12 | -19.68 | 174.66 | -21.11 | 130.95 | 75.56 | -30.95 | 0 | 0.00 | 0 | 34.91 | 12.11 |
| 2020 (7) | 1.44 | -48.57 | 24.35 | -20.53 | 4.97 | -56.52 | 18.65 | 30.21 | 6.65 | -32.56 | 5.94 | -22.96 | 8.39 | -41.82 | 3.27 | -45.95 | 0.42 | -36.36 | 27.54 | 5.76 | 221.41 | -9.27 | 74.59 | -35.56 | 25.41 | 0 | 0.00 | 0 | 31.14 | 10.23 |
| 2019 (6) | 2.80 | -13.04 | 30.64 | -6.95 | 11.43 | -28.11 | 14.32 | 122.38 | 9.86 | -36.96 | 7.71 | -37.72 | 14.42 | -16.16 | 6.05 | -34.38 | 0.66 | -8.33 | 26.04 | 15.53 | 244.04 | 95.98 | 115.74 | 13.62 | -15.74 | 0 | 0.00 | 0 | 28.25 | 6.93 |
| 2018 (5) | 3.22 | -7.47 | 32.93 | -0.99 | 15.90 | -12.35 | 6.44 | 5.81 | 15.64 | -13.45 | 12.38 | -17.08 | 17.20 | -13.09 | 9.22 | -26.12 | 0.72 | -11.11 | 22.54 | -8.41 | 124.52 | 118.07 | 101.87 | 1.5 | -1.87 | 0 | 0.00 | 0 | 26.42 | 4.47 |
| 2017 (4) | 3.48 | 9.43 | 33.26 | 0.33 | 18.14 | -0.27 | 6.09 | -10.91 | 18.07 | 2.96 | 14.93 | 3.25 | 19.79 | -1.44 | 12.48 | 17.96 | 0.81 | 15.71 | 24.61 | -2.73 | 57.10 | -17.1 | 100.36 | -2.96 | -0.36 | 0 | 0.00 | 0 | 25.29 | -0.43 |
| 2016 (3) | 3.18 | 5.3 | 33.15 | 2.35 | 18.19 | -0.93 | 6.83 | -8.63 | 17.55 | -2.5 | 14.46 | -2.95 | 20.08 | -16.78 | 10.58 | 7.74 | 0.70 | 14.75 | 25.30 | -5.84 | 68.88 | -51.89 | 103.42 | 1.56 | -3.85 | 0 | 0.00 | 0 | 25.40 | 1.32 |
| 2015 (2) | 3.02 | 28.51 | 32.39 | -18.96 | 18.36 | -17.78 | 7.48 | -21.09 | 18.00 | -11.81 | 14.90 | -12.04 | 24.13 | 28.76 | 9.82 | 25.26 | 0.61 | 45.24 | 26.87 | -15.82 | 143.16 | -24.04 | 101.83 | -6.71 | -1.83 | 0 | 0.00 | 0 | 25.07 | 1.21 |
| 2014 (1) | 2.35 | 0 | 39.97 | 0 | 22.33 | 0 | 9.48 | -22.71 | 20.41 | 0 | 16.94 | 0 | 18.74 | 0 | 7.84 | 0 | 0.42 | -40.85 | 31.92 | -15.06 | 188.46 | 35.32 | 109.15 | -1.22 | -9.15 | 0 | 0.00 | 0 | 24.77 | 6.13 |
