- 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) | 0.96 | 118.18 | -51.52 | 17.90 | -4.12 | -13.15 | 1.22 | -34.76 | -70.74 | 6.77 | 75.39 | -46.73 | 6.08 | 100.66 | -45.47 | 1.16 | 103.51 | -56.23 | 0.88 | 104.65 | -52.17 | 0.14 | 0.0 | -12.5 | 10.12 | 35.84 | -35.71 | 32.21 | -7.04 | -28.53 | 18.01 | -62.65 | -45.1 | 81.99 | 58.33 | 22.01 | 21.98 | -2.7 | 32.25 |
| 24Q2 (19) | 0.44 | -27.87 | -34.33 | 18.67 | 9.57 | 1.14 | 1.87 | 1035.0 | -42.99 | 3.86 | -31.07 | -23.41 | 3.03 | -33.41 | -17.44 | 0.57 | -32.14 | -33.72 | 0.43 | -30.65 | -28.33 | 0.14 | 7.69 | -12.5 | 7.45 | -20.91 | -6.41 | 34.65 | -9.86 | -26.28 | 48.21 | 1565.71 | -25.72 | 51.79 | -49.86 | 47.59 | 22.59 | -0.18 | 16.93 |
| 24Q1 (18) | 0.61 | 510.0 | 35.56 | 17.04 | -4.59 | 6.37 | -0.20 | -106.27 | -105.7 | 5.60 | 286.21 | 47.76 | 4.55 | 384.04 | 52.17 | 0.84 | 342.11 | 13.51 | 0.62 | 287.5 | 21.57 | 0.13 | -7.14 | -23.53 | 9.42 | 82.91 | 41.23 | 38.44 | -1.99 | -25.69 | -3.29 | -101.5 | -103.53 | 103.29 | 186.76 | 1242.76 | 22.63 | -6.68 | 20.95 |
| 23Q4 (17) | 0.10 | -94.95 | -84.13 | 17.86 | -13.34 | 5.0 | 3.19 | -23.5 | -30.95 | 1.45 | -88.59 | -65.96 | 0.94 | -91.57 | -76.14 | 0.19 | -92.83 | -80.0 | 0.16 | -91.3 | -75.0 | 0.14 | -12.5 | -12.5 | 5.15 | -67.28 | -29.16 | 39.22 | -12.98 | -18.51 | 219.05 | 567.79 | 101.41 | -119.05 | -277.16 | -1382.68 | 24.25 | 45.91 | 22.91 |
| 23Q3 (16) | 1.98 | 195.52 | 15.79 | 20.61 | 11.65 | 20.1 | 4.17 | 27.13 | 5.3 | 12.71 | 152.18 | 17.58 | 11.15 | 203.81 | 22.66 | 2.65 | 208.14 | 0.0 | 1.84 | 206.67 | 7.6 | 0.16 | 0.0 | -15.79 | 15.74 | 97.74 | 17.38 | 45.07 | -4.11 | -17.45 | 32.80 | -49.47 | -10.18 | 67.20 | 91.51 | 5.86 | 16.62 | -13.98 | -11.64 |
| 23Q2 (15) | 0.67 | 48.89 | -17.28 | 18.46 | 15.23 | 15.45 | 3.28 | -6.55 | 4.13 | 5.04 | 32.98 | -19.75 | 3.67 | 22.74 | -25.86 | 0.86 | 16.22 | -34.35 | 0.60 | 17.65 | -31.03 | 0.16 | -5.88 | -5.88 | 7.96 | 19.34 | -13.01 | 47.00 | -9.14 | -17.98 | 64.91 | -30.26 | 29.82 | 35.09 | 356.14 | -29.17 | 19.32 | 3.26 | -3.93 |
| 23Q1 (14) | 0.45 | -28.57 | -36.62 | 16.02 | -5.82 | -1.54 | 3.51 | -24.03 | -10.69 | 3.79 | -11.03 | -30.97 | 2.99 | -24.11 | -31.26 | 0.74 | -22.11 | -33.33 | 0.51 | -20.31 | -31.08 | 0.17 | 6.25 | 0.0 | 6.67 | -8.25 | -20.12 | 51.73 | 7.48 | 1.69 | 93.08 | -14.42 | 30.31 | 7.69 | 195.8 | -73.08 | 18.71 | -5.17 | -2.75 |
| 22Q4 (13) | 0.63 | -63.16 | -38.83 | 17.01 | -0.87 | 4.29 | 4.62 | 16.67 | 67.39 | 4.26 | -60.59 | -23.79 | 3.94 | -56.66 | -28.75 | 0.95 | -64.15 | -37.09 | 0.64 | -62.57 | -35.35 | 0.16 | -15.79 | -11.11 | 7.27 | -45.79 | -11.23 | 48.13 | -11.85 | -14.54 | 108.76 | 197.81 | 119.61 | -8.03 | -112.65 | -115.91 | 19.73 | 4.89 | -8.57 |
| 22Q3 (12) | 1.71 | 111.11 | 14.0 | 17.16 | 7.32 | 10.21 | 3.96 | 25.71 | -20.48 | 10.81 | 72.13 | 33.29 | 9.09 | 83.64 | 34.87 | 2.65 | 102.29 | 17.26 | 1.71 | 96.55 | 18.75 | 0.19 | 11.76 | -9.52 | 13.41 | 46.56 | 32.64 | 54.60 | -4.71 | 3.33 | 36.52 | -26.96 | -40.53 | 63.48 | 28.14 | 64.49 | 18.81 | -6.46 | 7.0 |
| 22Q2 (11) | 0.81 | 14.08 | 1.25 | 15.99 | -1.72 | 15.37 | 3.15 | -19.85 | -24.1 | 6.28 | 14.39 | 22.9 | 4.95 | 13.79 | 29.24 | 1.31 | 18.02 | -2.96 | 0.87 | 17.57 | 2.35 | 0.17 | 0.0 | -22.73 | 9.15 | 9.58 | 28.15 | 57.30 | 12.64 | -9.32 | 50.00 | -30.0 | -38.57 | 49.54 | 73.39 | 166.28 | 20.11 | 4.52 | 14.2 |
| 22Q1 (10) | 0.71 | -31.07 | 1.43 | 16.27 | -0.25 | 16.8 | 3.93 | 42.39 | -11.88 | 5.49 | -1.79 | 19.61 | 4.35 | -21.34 | 24.29 | 1.11 | -26.49 | -7.5 | 0.74 | -25.25 | -2.63 | 0.17 | -5.56 | -19.05 | 8.35 | 1.95 | 23.52 | 50.87 | -9.68 | -14.37 | 71.43 | 44.23 | -26.54 | 28.57 | -43.4 | 934.29 | 19.24 | -10.84 | 12.84 |
| 21Q4 (9) | 1.03 | -31.33 | 51.47 | 16.31 | 4.75 | 18.53 | 2.76 | -44.58 | -13.21 | 5.59 | -31.07 | 54.42 | 5.53 | -17.95 | 72.81 | 1.51 | -33.19 | 29.06 | 0.99 | -31.25 | 35.62 | 0.18 | -14.29 | -18.18 | 8.19 | -18.99 | 43.18 | 56.32 | 6.59 | -6.94 | 49.52 | -19.35 | -43.57 | 50.48 | 30.8 | 312.22 | 21.58 | 22.75 | 21.78 |
| 21Q3 (8) | 1.50 | 87.5 | -3.85 | 15.57 | 12.34 | 1.7 | 4.98 | 20.0 | -6.21 | 8.11 | 58.71 | 7.85 | 6.74 | 75.98 | -1.03 | 2.26 | 67.41 | -25.17 | 1.44 | 69.41 | -21.31 | 0.21 | -4.55 | -22.22 | 10.11 | 41.6 | 8.36 | 52.84 | -16.38 | -20.4 | 61.41 | -24.56 | -13.05 | 38.59 | 107.43 | 31.37 | 17.58 | -0.17 | 1.03 |
| 21Q2 (7) | 0.80 | 14.29 | -44.06 | 13.86 | -0.5 | -5.97 | 4.15 | -6.95 | 13.7 | 5.11 | 11.33 | -59.98 | 3.83 | 9.43 | -49.47 | 1.35 | 12.5 | -55.45 | 0.85 | 11.84 | -54.05 | 0.22 | 4.76 | -8.33 | 7.14 | 5.62 | -52.62 | 63.19 | 6.36 | -4.79 | 81.40 | -16.29 | 184.88 | 18.60 | 573.49 | -73.95 | 17.61 | 3.28 | -9.41 |
| 21Q1 (6) | 0.70 | 2.94 | 800.0 | 13.93 | 1.24 | 27.45 | 4.46 | 40.25 | 420.86 | 4.59 | 26.8 | 1120.0 | 3.50 | 9.37 | 646.87 | 1.20 | 2.56 | 731.58 | 0.76 | 4.11 | 944.44 | 0.21 | -4.55 | 16.67 | 6.76 | 18.18 | 144.93 | 59.41 | -1.83 | -6.54 | 97.24 | 10.81 | -68.46 | 2.76 | -77.44 | 101.33 | 17.05 | -3.78 | -9.26 |
| 20Q4 (5) | 0.68 | -56.41 | 240.0 | 13.76 | -10.12 | 16.31 | 3.18 | -40.11 | 71.89 | 3.62 | -51.86 | 172.18 | 3.20 | -53.01 | 210.68 | 1.17 | -61.26 | 160.0 | 0.73 | -60.11 | 160.71 | 0.22 | -18.52 | -12.0 | 5.72 | -38.69 | 64.84 | 60.52 | -8.83 | -17.39 | 87.76 | 24.26 | -36.96 | 12.24 | -58.32 | 131.22 | 17.72 | 1.84 | 2.43 |
| 20Q3 (4) | 1.56 | 9.09 | 0.0 | 15.31 | 3.87 | 0.0 | 5.31 | 45.48 | 0.0 | 7.52 | -41.11 | 0.0 | 6.81 | -10.16 | 0.0 | 3.02 | -0.33 | 0.0 | 1.83 | -1.08 | 0.0 | 0.27 | 12.5 | 0.0 | 9.33 | -38.09 | 0.0 | 66.38 | 0.02 | 0.0 | 70.62 | 147.18 | 0.0 | 29.38 | -58.87 | 0.0 | 17.40 | -10.49 | 0.0 |
| 20Q2 (3) | 1.43 | 1530.0 | 0.0 | 14.74 | 34.86 | 0.0 | 3.65 | 362.59 | 0.0 | 12.77 | 2937.78 | 0.0 | 7.58 | 1284.38 | 0.0 | 3.03 | 1694.74 | 0.0 | 1.85 | 2155.56 | 0.0 | 0.24 | 33.33 | 0.0 | 15.07 | 446.01 | 0.0 | 66.37 | 4.4 | 0.0 | 28.57 | -90.73 | 0.0 | 71.43 | 134.29 | 0.0 | 19.44 | 3.46 | 0.0 |
| 20Q1 (2) | -0.10 | -150.0 | 0.0 | 10.93 | -7.61 | 0.0 | -1.39 | -175.14 | 0.0 | -0.45 | -133.83 | 0.0 | -0.64 | -162.14 | 0.0 | -0.19 | -142.22 | 0.0 | -0.09 | -132.14 | 0.0 | 0.18 | -28.0 | 0.0 | 2.76 | -20.46 | 0.0 | 63.57 | -13.23 | 0.0 | 308.33 | 121.48 | 0.0 | -208.33 | -431.25 | 0.0 | 18.79 | 8.61 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 11.83 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 1.03 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 3.47 | 0.0 | 0.0 | 73.26 | 0.0 | 0.0 | 139.22 | 0.0 | 0.0 | -39.22 | 0.0 | 0.0 | 17.30 | 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) | 3.20 | -17.1 | 18.26 | 9.93 | 3.56 | -8.72 | 2.88 | 9.18 | 5.94 | -13.28 | 4.85 | -14.76 | 4.51 | -22.24 | 3.23 | -16.75 | 0.65 | -2.99 | 9.04 | -6.42 | 39.22 | -18.51 | 59.90 | 5.21 | 40.10 | -6.66 | 1.09 | -1.35 | 19.54 | 0.41 |
| 2022 (9) | 3.86 | -4.22 | 16.61 | 4.14 | 3.90 | -11.76 | 2.63 | 17.79 | 6.85 | 8.39 | 5.69 | 7.97 | 5.80 | -9.38 | 3.88 | -5.13 | 0.67 | -12.99 | 9.66 | 11.55 | 48.13 | -14.54 | 56.93 | -18.58 | 42.96 | 42.86 | 1.11 | 5.12 | 19.46 | -1.07 |
| 2021 (8) | 4.03 | 13.52 | 15.95 | 3.84 | 4.42 | 28.49 | 2.24 | -5.1 | 6.32 | -8.93 | 5.27 | 2.53 | 6.40 | -4.76 | 4.09 | -0.49 | 0.77 | -2.53 | 8.66 | -8.07 | 56.32 | -6.94 | 69.93 | 41.37 | 30.07 | -40.49 | 1.05 | -12.1 | 19.67 | -1.94 |
| 2020 (7) | 3.55 | 407.14 | 15.36 | 31.85 | 3.44 | 0 | 2.36 | -7.66 | 6.94 | 368.92 | 5.14 | 367.27 | 6.72 | 304.82 | 4.11 | 280.56 | 0.79 | -11.24 | 9.42 | 124.82 | 60.52 | -17.39 | 49.46 | 0 | 50.54 | -56.43 | 1.20 | -15.4 | 20.06 | -2.48 |
| 2019 (6) | 0.70 | 75.0 | 11.65 | 8.17 | -0.24 | 0 | 2.55 | 113.07 | 1.48 | 134.92 | 1.10 | 61.76 | 1.66 | 50.91 | 1.08 | 56.52 | 0.89 | -9.18 | 4.19 | 122.87 | 73.26 | 10.03 | -16.49 | 0 | 115.98 | -70.31 | 1.42 | -11.83 | 20.57 | -3.61 |
| 2018 (5) | 0.40 | -75.61 | 10.77 | 2.77 | -1.82 | 0 | 1.20 | 23.31 | 0.63 | -74.29 | 0.68 | -69.37 | 1.10 | -71.2 | 0.69 | -69.6 | 0.98 | -2.97 | 1.88 | -45.66 | 66.58 | 1.03 | -289.41 | 0 | 390.59 | 147.79 | 1.61 | 0 | 21.34 | 13.21 |
| 2017 (4) | 1.64 | 1.86 | 10.48 | -10.73 | -1.42 | 0 | 0.97 | -5.79 | 2.45 | -6.49 | 2.22 | 4.23 | 3.82 | 0.26 | 2.27 | 0.44 | 1.01 | -3.81 | 3.46 | -6.23 | 65.90 | -10.24 | -57.63 | 0 | 157.63 | 112.11 | 0.00 | 0 | 18.85 | -2.63 |
| 2016 (3) | 1.61 | -6.94 | 11.74 | 8.1 | 0.67 | 0 | 1.03 | -25.55 | 2.62 | -23.62 | 2.13 | -21.69 | 3.81 | -15.71 | 2.26 | -14.39 | 1.05 | 10.53 | 3.69 | -23.92 | 73.42 | 8.64 | 25.69 | 0 | 74.31 | -46.84 | 0.00 | 0 | 19.36 | -1.63 |
| 2015 (2) | 1.73 | 1.17 | 10.86 | -17.16 | -1.36 | 0 | 1.38 | 6.01 | 3.43 | -0.87 | 2.72 | 4.62 | 4.52 | -18.12 | 2.64 | -13.44 | 0.95 | -18.1 | 4.85 | 1.04 | 67.58 | -15.66 | -39.79 | 0 | 139.79 | 117.45 | 0.00 | 0 | 19.68 | 14.82 |
| 2014 (1) | 1.71 | -20.09 | 13.11 | 0 | 1.24 | 0 | 1.31 | -1.59 | 3.46 | 0 | 2.60 | 0 | 5.52 | 0 | 3.05 | 0 | 1.16 | -7.2 | 4.80 | -14.44 | 80.13 | -6.68 | 35.71 | -41.7 | 64.29 | 65.92 | 0.00 | 0 | 17.14 | -0.46 |
