- 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) | -0.01 | 95.0 | 92.86 | 16.94 | 4.76 | 3.04 | -1.70 | 75.64 | 37.27 | -0.44 | 91.88 | 82.19 | -0.33 | 94.22 | 89.42 | -0.05 | 93.42 | 90.91 | -0.04 | 93.33 | 89.47 | 0.13 | 30.0 | 0.0 | 0.00 | 100.0 | 100.0 | 28.07 | 20.63 | -20.05 | 400.00 | 207.69 | 242.86 | -300.00 | -900.0 | -3500.0 | 5.37 | -16.61 | 3.87 |
| 24Q2 (19) | -0.20 | -122.22 | 28.57 | 16.17 | -0.37 | -5.16 | -6.98 | -100.0 | -11.86 | -5.42 | -140.89 | 5.24 | -5.71 | -181.28 | 19.92 | -0.76 | -123.53 | 28.3 | -0.60 | -140.0 | 16.67 | 0.10 | -16.67 | -9.09 | -4.77 | -182.25 | -6.95 | 23.27 | -21.01 | -35.84 | 130.00 | -10.62 | 15.56 | -30.00 | 45.0 | -260.0 | 6.44 | 24.08 | 3.54 |
| 24Q1 (18) | -0.09 | 30.77 | -12.5 | 16.23 | -0.18 | -0.18 | -3.49 | -170.22 | -123.72 | -2.25 | -237.2 | -287.93 | -2.03 | -33.55 | -34.44 | -0.34 | 29.17 | -17.24 | -0.25 | 24.24 | -56.25 | 0.12 | -47.83 | -7.69 | -1.69 | -180.48 | -569.44 | 29.46 | -34.9 | -29.42 | 145.45 | -51.52 | -51.52 | -54.55 | 72.73 | 67.27 | 5.19 | 59.69 | 3.59 |
| 23Q4 (17) | -0.13 | 7.14 | 72.34 | 16.26 | -1.09 | 128.37 | 4.97 | 283.39 | 188.12 | 1.64 | 166.4 | 132.73 | -1.52 | 51.28 | 75.28 | -0.48 | 12.73 | 72.09 | -0.33 | 13.16 | 71.55 | 0.23 | 76.92 | 21.05 | 2.10 | 231.25 | 139.62 | 45.25 | 28.88 | -9.23 | 300.00 | 157.14 | 168.09 | -200.00 | -2300.0 | -1580.0 | 3.25 | -37.14 | -12.87 |
| 23Q3 (16) | -0.14 | 50.0 | -106.64 | 16.44 | -3.58 | 9.09 | -2.71 | 56.57 | 65.91 | -2.47 | 56.82 | -105.01 | -3.12 | 56.24 | -106.31 | -0.55 | 48.11 | -106.91 | -0.38 | 47.22 | -106.51 | 0.13 | 18.18 | 8.33 | -1.60 | 64.13 | -103.13 | 35.11 | -3.2 | -9.39 | 116.67 | 3.7 | 822.07 | -8.33 | 0.0 | -107.17 | 5.17 | -16.88 | -18.58 |
| 23Q2 (15) | -0.28 | -250.0 | 55.56 | 17.05 | 4.86 | 155.24 | -6.24 | -300.0 | 55.49 | -5.72 | -886.21 | 49.34 | -7.13 | -372.19 | 42.59 | -1.06 | -265.52 | 56.56 | -0.72 | -350.0 | 60.0 | 0.11 | -15.38 | -26.67 | -4.46 | -1338.89 | 55.89 | 36.27 | -13.1 | 6.61 | 112.50 | -62.5 | -9.13 | -8.33 | 95.0 | 65.0 | 6.22 | 24.15 | 19.85 |
| 23Q1 (14) | -0.08 | 82.98 | -138.1 | 16.26 | 128.37 | -10.61 | -1.56 | 72.34 | -146.85 | -0.58 | 88.42 | -110.28 | -1.51 | 75.45 | -146.6 | -0.29 | 83.14 | -136.25 | -0.16 | 86.21 | -128.57 | 0.13 | -31.58 | -23.53 | 0.36 | 106.79 | -94.55 | 41.74 | -16.27 | 13.15 | 300.00 | 168.09 | 408.7 | -166.67 | -1300.0 | -506.25 | 5.01 | 34.32 | 17.06 |
| 22Q4 (13) | -0.47 | -122.27 | 54.37 | 7.12 | -52.75 | 513.79 | -5.64 | 29.06 | 46.08 | -5.01 | -110.17 | 43.52 | -6.15 | -112.44 | 45.38 | -1.72 | -121.61 | 57.21 | -1.16 | -119.86 | 57.66 | 0.19 | 58.33 | -20.83 | -5.30 | -110.38 | 35.44 | 49.85 | 28.65 | -1.19 | 111.90 | 792.6 | -5.15 | -11.90 | -110.25 | 33.78 | 3.73 | -41.26 | 34.17 |
| 22Q3 (12) | 2.11 | 434.92 | 337.08 | 15.07 | 125.6 | 1155.83 | -7.95 | 43.3 | 64.16 | 49.27 | 536.4 | 361.52 | 49.44 | 498.07 | 350.96 | 7.96 | 426.23 | 335.5 | 5.84 | 424.44 | 360.71 | 0.12 | -20.0 | 9.09 | 51.07 | 605.14 | 391.66 | 38.75 | 13.9 | -10.51 | -16.16 | -113.05 | -113.81 | 116.16 | 587.86 | 742.28 | 6.35 | 22.35 | 44.98 |
| 22Q2 (11) | -0.63 | -400.0 | 83.11 | 6.68 | -63.28 | 115.22 | -14.02 | -521.02 | 78.1 | -11.29 | -300.18 | 81.56 | -12.42 | -483.33 | 80.09 | -2.44 | -405.0 | 81.14 | -1.80 | -421.43 | 78.65 | 0.15 | -11.76 | 7.14 | -10.11 | -252.95 | 83.13 | 34.02 | -7.78 | -41.7 | 123.81 | 109.94 | 18.2 | -23.81 | -158.04 | -429.1 | 5.19 | 21.26 | 43.77 |
| 22Q1 (10) | 0.21 | 120.39 | 128.0 | 18.19 | 1468.1 | 203.67 | 3.33 | 131.84 | 126.79 | 5.64 | 163.59 | 155.02 | 3.24 | 128.77 | 131.95 | 0.80 | 119.9 | 133.2 | 0.56 | 120.44 | 137.33 | 0.17 | -29.17 | 13.33 | 6.61 | 180.51 | 171.77 | 36.89 | -26.88 | -23.07 | 58.97 | -50.01 | -51.54 | 41.03 | 328.21 | 289.17 | 4.28 | 53.96 | 54.51 |
| 21Q4 (9) | -1.03 | -15.73 | 86.96 | 1.16 | -3.33 | 101.68 | -10.46 | 52.84 | 88.68 | -8.87 | 52.92 | 90.01 | -11.26 | 42.84 | 87.18 | -4.02 | -18.93 | 82.07 | -2.74 | -22.32 | 81.26 | 0.24 | 118.18 | 41.18 | -8.21 | 53.11 | 90.66 | 50.45 | 16.51 | -24.57 | 117.98 | 0.82 | 13.43 | -17.98 | 0.59 | -348.92 | 2.78 | -36.53 | 259.77 |
| 21Q3 (8) | -0.89 | 76.14 | 86.99 | 1.20 | 102.73 | 101.34 | -22.18 | 65.35 | 85.14 | -18.84 | 69.23 | 86.65 | -19.70 | 68.42 | 86.41 | -3.38 | 73.88 | 76.53 | -2.24 | 73.43 | 78.0 | 0.11 | -21.43 | 57.14 | -17.51 | 70.79 | 87.43 | 43.30 | -25.79 | 3.76 | 117.02 | 11.71 | 10.72 | -18.09 | -301.89 | -218.0 | 4.38 | 21.33 | -47.79 |
| 21Q2 (7) | -3.73 | -397.33 | 47.69 | -43.90 | -832.89 | 55.65 | -64.01 | -414.96 | 57.27 | -61.23 | -497.37 | 57.75 | -62.38 | -515.19 | 52.9 | -12.94 | -436.93 | 1.07 | -8.43 | -462.0 | 13.27 | 0.14 | -6.67 | 100.0 | -59.94 | -550.81 | 58.1 | 58.35 | 21.69 | 43.44 | 104.75 | -13.92 | 1.33 | -4.50 | 79.25 | -33.38 | 3.61 | 30.32 | -46.2 |
| 21Q1 (6) | -0.75 | 90.51 | -63.04 | 5.99 | 108.68 | -77.51 | -12.43 | 86.55 | -23.68 | -10.25 | 88.46 | -75.81 | -10.14 | 88.45 | -99.61 | -2.41 | 89.25 | -208.97 | -1.50 | 89.74 | -172.73 | 0.15 | -11.76 | 36.36 | -9.21 | 89.52 | -94.3 | 47.95 | -28.3 | 68.19 | 121.69 | 17.0 | -30.07 | -21.69 | -441.55 | 70.69 | 2.77 | 259.2 | 0 |
| 20Q4 (5) | -7.90 | -15.5 | -287.2 | -69.03 | 23.15 | -276.37 | -92.42 | 38.07 | -510.94 | -88.83 | 37.07 | -480.59 | -87.81 | 39.42 | -609.34 | -22.42 | -55.69 | -408.39 | -14.62 | -43.61 | -392.99 | 0.17 | 142.86 | -41.38 | -87.91 | 36.89 | -468.75 | 66.88 | 60.27 | 57.36 | 104.00 | -1.59 | 7.8 | -4.00 | 29.59 | -207.92 | -1.74 | -120.74 | -196.67 |
| 20Q3 (4) | -6.84 | 4.07 | 0.0 | -89.83 | 9.24 | 0.0 | -149.23 | 0.37 | 0.0 | -141.15 | 2.61 | 0.0 | -144.94 | -9.45 | 0.0 | -14.40 | -10.09 | 0.0 | -10.18 | -4.73 | 0.0 | 0.07 | 0.0 | 0.0 | -139.29 | 2.63 | 0.0 | 41.73 | 2.58 | 0.0 | 105.69 | 2.24 | 0.0 | -5.69 | -68.57 | 0.0 | 8.39 | 25.04 | 0.0 |
| 20Q2 (3) | -7.13 | -1450.0 | 0.0 | -98.98 | -471.69 | 0.0 | -149.79 | -1390.45 | 0.0 | -144.93 | -2385.93 | 0.0 | -132.43 | -2506.89 | 0.0 | -13.08 | -1576.92 | 0.0 | -9.72 | -1667.27 | 0.0 | 0.07 | -36.36 | 0.0 | -143.05 | -2917.93 | 0.0 | 40.68 | 42.69 | 0.0 | 103.37 | -40.59 | 0.0 | -3.37 | 95.44 | 0.0 | 6.71 | 0 | 0.0 |
| 20Q1 (2) | -0.46 | -110.9 | 0.0 | 26.63 | -31.96 | 0.0 | -10.05 | -144.69 | 0.0 | -5.83 | -124.98 | 0.0 | -5.08 | -129.47 | 0.0 | -0.78 | -110.73 | 0.0 | -0.55 | -111.02 | 0.0 | 0.11 | -62.07 | 0.0 | -4.74 | -119.88 | 0.0 | 28.51 | -32.92 | 0.0 | 174.00 | 80.36 | 0.0 | -74.00 | -2094.3 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 4.22 | 0.0 | 0.0 | 39.14 | 0.0 | 0.0 | 22.49 | 0.0 | 0.0 | 23.34 | 0.0 | 0.0 | 17.24 | 0.0 | 0.0 | 7.27 | 0.0 | 0.0 | 4.99 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 23.84 | 0.0 | 0.0 | 42.50 | 0.0 | 0.0 | 96.47 | 0.0 | 0.0 | 3.71 | 0.0 | 0.0 | 1.80 | 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) | -0.63 | 0 | 16.44 | 42.96 | -0.17 | 0 | 0.50 | -24.68 | -1.06 | 0 | -2.86 | 0 | -2.38 | 0 | -1.50 | 0 | 0.56 | -6.67 | -0.29 | 0 | 45.25 | -9.23 | 16.00 | 0 | 84.00 | -54.53 | 0.00 | 0 | 4.60 | -1.71 |
| 2022 (9) | 1.22 | 0 | 11.50 | 0 | -5.43 | 0 | 0.67 | -20.84 | 6.46 | 0 | 5.21 | 0 | 4.68 | 0 | 3.16 | 0 | 0.60 | 0.0 | 7.23 | 0 | 49.85 | -1.19 | -84.15 | 0 | 184.76 | 0 | 0.02 | 0 | 4.68 | 44.89 |
| 2021 (8) | -6.43 | 0 | -7.45 | 0 | -24.78 | 0 | 0.84 | -12.28 | -22.47 | 0 | -23.65 | 0 | -22.51 | 0 | -14.03 | 0 | 0.60 | 50.0 | -21.46 | 0 | 50.45 | -24.57 | 110.21 | 4.18 | -10.21 | 0 | 0.00 | 0 | 3.23 | -1.82 |
| 2020 (7) | -20.44 | 0 | -48.34 | 0 | -86.56 | 0 | 0.96 | 137.73 | -81.83 | 0 | -79.57 | 0 | -48.87 | 0 | -32.09 | 0 | 0.40 | -54.02 | -80.56 | 0 | 66.88 | 57.36 | 105.79 | 5.99 | -5.79 | 0 | 0.00 | 0 | 3.29 | 52.31 |
| 2019 (6) | 12.01 | 3.89 | 39.09 | 0.59 | 21.68 | 9.33 | 0.40 | 14.01 | 21.71 | 10.94 | 15.83 | 12.27 | 21.33 | 5.96 | 14.06 | 13.94 | 0.87 | 1.16 | 22.69 | 11.17 | 42.50 | -40.17 | 99.81 | -1.46 | 0.13 | 0 | 0.00 | 0 | 2.16 | -16.6 |
| 2018 (5) | 11.56 | -2.12 | 38.86 | -0.15 | 19.83 | 0.61 | 0.35 | -8.75 | 19.57 | -8.12 | 14.10 | -8.62 | 20.13 | -9.08 | 12.34 | -10.25 | 0.86 | -2.27 | 20.41 | -7.06 | 71.03 | 14.2 | 101.28 | 9.45 | -1.36 | 0 | 0.00 | 0 | 2.59 | -39.2 |
| 2017 (4) | 11.81 | 12.05 | 38.92 | 0.44 | 19.71 | 8.77 | 0.39 | -7.73 | 21.30 | 16.58 | 15.43 | 19.52 | 22.14 | 9.44 | 13.75 | 8.95 | 0.88 | -9.28 | 21.96 | 15.95 | 62.20 | -3.89 | 92.54 | -6.74 | 7.46 | 869.84 | 0.00 | 0 | 4.26 | 7.3 |
| 2016 (3) | 10.54 | -26.81 | 38.75 | -2.71 | 18.12 | -17.34 | 0.42 | -12.96 | 18.27 | -21.79 | 12.91 | -17.08 | 20.23 | -19.43 | 12.62 | -22.34 | 0.97 | -6.73 | 18.94 | -21.02 | 64.72 | 10.67 | 99.23 | 5.81 | 0.77 | -87.62 | 0.00 | 0 | 3.97 | 40.78 |
| 2015 (2) | 14.40 | 10.94 | 39.83 | -1.14 | 21.92 | -6.36 | 0.48 | -6.07 | 23.36 | -3.95 | 15.57 | -3.83 | 25.11 | -5.92 | 16.25 | -9.17 | 1.04 | -5.45 | 23.98 | -3.96 | 58.48 | 16.19 | 93.78 | -2.52 | 6.22 | 67.66 | 0.00 | 0 | 2.82 | -5.05 |
| 2014 (1) | 12.98 | 2.04 | 40.29 | 0 | 23.41 | 0 | 0.52 | -11.1 | 24.32 | 0 | 16.19 | 0 | 26.69 | 0 | 17.89 | 0 | 1.10 | -19.71 | 24.97 | 5.4 | 50.33 | 5.4 | 96.20 | -1.18 | 3.71 | 40.22 | 0.00 | 0 | 2.97 | -16.34 |
