- 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) | 0.66 | -37.14 | -61.18 | 15.58 | 17.94 | -20.91 | 6.19 | 92.24 | -27.52 | 4.78 | -37.43 | -62.36 | 3.44 | -44.61 | -65.46 | 1.11 | -36.21 | -61.05 | 0.54 | -35.71 | -57.14 | 0.14 | 16.67 | 16.67 | 19.17 | -19.08 | -30.94 | 130.34 | -2.7 | 2.56 | 129.59 | 207.72 | 92.61 | -29.59 | -151.12 | -190.35 | 20.31 | -9.37 | -16.39 |
| 24Q2 (19) | 1.05 | -34.38 | -33.12 | 13.21 | -18.76 | -34.64 | 3.22 | -46.15 | -65.52 | 7.64 | -39.89 | -44.19 | 6.21 | -38.39 | -36.57 | 1.74 | -35.56 | -32.56 | 0.84 | -33.86 | -28.21 | 0.12 | 0.0 | 9.09 | 23.69 | -17.83 | -18.39 | 133.96 | 10.06 | -7.1 | 42.11 | -10.41 | -38.29 | 57.89 | 9.23 | 82.26 | 22.41 | -5.76 | -11.56 |
| 24Q1 (18) | 1.60 | -16.23 | -40.74 | 16.26 | -7.35 | -20.91 | 5.98 | 10.54 | -45.34 | 12.71 | -8.63 | -34.75 | 10.08 | -11.27 | -36.12 | 2.70 | -11.48 | -37.64 | 1.27 | -9.93 | -35.53 | 0.12 | 0.0 | 0.0 | 28.83 | -3.51 | -14.22 | 121.71 | -2.12 | 0.96 | 47.01 | 20.83 | -16.25 | 52.99 | -13.26 | 20.78 | 23.78 | -1.49 | 8.98 |
| 23Q4 (17) | 1.91 | 12.35 | -61.72 | 17.55 | -10.91 | -49.47 | 5.41 | -36.65 | -79.32 | 13.91 | 9.53 | -45.52 | 11.36 | 14.06 | -47.29 | 3.05 | 7.02 | -65.73 | 1.41 | 11.9 | -62.4 | 0.12 | 0.0 | -29.41 | 29.88 | 7.64 | -14.31 | 124.34 | -2.16 | -8.57 | 38.90 | -42.18 | -62.04 | 61.10 | 86.56 | 2566.8 | 24.14 | -0.62 | 17.76 |
| 23Q3 (16) | 1.70 | 8.28 | -70.69 | 19.70 | -2.52 | -48.4 | 8.54 | -8.57 | -71.01 | 12.70 | -7.23 | -60.06 | 9.96 | 1.74 | -58.76 | 2.85 | 10.47 | -74.76 | 1.26 | 7.69 | -72.0 | 0.12 | 9.09 | -33.33 | 27.76 | -4.37 | -30.69 | 127.09 | -11.87 | -12.92 | 67.28 | -1.41 | -27.38 | 32.75 | 3.12 | 345.74 | 24.29 | -4.14 | 17.23 |
| 23Q2 (15) | 1.57 | -41.85 | -71.14 | 20.21 | -1.7 | -46.53 | 9.34 | -14.63 | -67.84 | 13.69 | -29.72 | -56.08 | 9.79 | -37.96 | -58.41 | 2.58 | -40.42 | -77.33 | 1.17 | -40.61 | -73.77 | 0.11 | -8.33 | -42.11 | 29.03 | -13.63 | -26.17 | 144.20 | 19.62 | -10.94 | 68.24 | 21.59 | -26.76 | 31.76 | -27.61 | 365.43 | 25.34 | 16.13 | 19.3 |
| 23Q1 (14) | 2.70 | -45.89 | -29.87 | 20.56 | -40.8 | -36.37 | 10.94 | -58.18 | -53.27 | 19.48 | -23.7 | -20.13 | 15.78 | -26.77 | -17.68 | 4.33 | -51.35 | -49.3 | 1.97 | -47.47 | -41.54 | 0.12 | -29.41 | -29.41 | 33.61 | -3.61 | 0.78 | 120.55 | -11.35 | -21.22 | 56.12 | -45.23 | -41.52 | 43.88 | 1871.48 | 988.32 | 21.82 | 6.44 | -0.59 |
| 22Q4 (13) | 4.99 | -13.97 | 47.2 | 34.73 | -9.04 | 25.38 | 26.16 | -11.2 | 39.82 | 25.53 | -19.72 | 21.8 | 21.55 | -10.77 | 27.51 | 8.90 | -21.17 | 8.27 | 3.75 | -16.67 | 13.29 | 0.17 | -5.56 | -10.53 | 34.87 | -12.93 | 16.9 | 135.99 | -6.82 | -14.77 | 102.48 | 10.6 | 14.79 | -2.48 | -133.71 | -123.06 | 20.50 | -1.06 | -4.38 |
| 22Q3 (12) | 5.80 | 6.62 | 102.09 | 38.18 | 1.01 | 58.23 | 29.46 | 1.45 | 98.65 | 31.80 | 2.02 | 68.79 | 24.15 | 2.59 | 56.61 | 11.29 | -0.79 | 53.4 | 4.50 | 0.9 | 43.31 | 0.18 | -5.26 | -10.0 | 40.05 | 1.86 | 41.82 | 145.94 | -9.86 | 2.47 | 92.65 | -0.56 | 17.69 | 7.35 | 7.67 | -65.46 | 20.72 | -2.45 | -4.78 |
| 22Q2 (11) | 5.44 | 41.3 | 335.2 | 37.80 | 16.99 | 95.35 | 29.04 | 24.05 | 241.25 | 31.17 | 27.8 | 215.49 | 23.54 | 22.8 | 209.74 | 11.38 | 33.26 | 252.32 | 4.46 | 32.34 | 209.72 | 0.19 | 11.76 | 5.56 | 39.32 | 17.9 | 98.29 | 161.91 | 5.8 | 21.08 | 93.18 | -2.91 | 8.22 | 6.82 | 69.26 | -50.91 | 21.24 | -3.23 | -9.92 |
| 22Q1 (10) | 3.85 | 13.57 | 158.39 | 32.31 | 16.64 | 87.74 | 23.41 | 25.12 | 313.6 | 24.39 | 16.36 | 109.0 | 19.17 | 13.43 | 90.56 | 8.54 | 3.89 | 110.86 | 3.37 | 1.81 | 87.22 | 0.17 | -10.53 | 0.0 | 33.35 | 11.8 | 48.62 | 153.03 | -4.09 | 17.57 | 95.97 | 7.5 | 98.16 | 4.03 | -62.47 | -92.18 | 21.95 | 2.38 | -15.96 |
| 21Q4 (9) | 3.39 | 18.12 | 142.14 | 27.70 | 14.79 | 95.48 | 18.71 | 26.16 | 499.68 | 20.96 | 11.25 | 128.32 | 16.90 | 9.6 | 89.89 | 8.22 | 11.68 | 111.86 | 3.31 | 5.41 | 92.44 | 0.19 | -5.0 | 0.0 | 29.83 | 5.63 | 51.34 | 159.56 | 12.03 | 18.32 | 89.27 | 13.4 | 162.5 | 10.74 | -49.51 | -83.72 | 21.44 | -1.47 | -12.6 |
| 21Q3 (8) | 2.87 | 129.6 | 163.3 | 24.13 | 24.7 | 65.96 | 14.83 | 74.27 | 200.2 | 18.84 | 90.69 | 134.33 | 15.42 | 102.89 | 123.48 | 7.36 | 127.86 | 129.28 | 3.14 | 118.06 | 118.06 | 0.20 | 11.11 | 0.0 | 28.24 | 42.41 | 55.34 | 142.42 | 6.51 | 6.39 | 78.73 | -8.56 | 28.05 | 21.27 | 53.05 | -44.77 | 21.76 | -7.72 | -9.52 |
| 21Q2 (7) | 1.25 | -16.11 | 26.26 | 19.35 | 12.43 | 22.86 | 8.51 | 50.35 | 39.97 | 9.88 | -15.34 | 19.47 | 7.60 | -24.45 | 11.27 | 3.23 | -20.25 | 5.9 | 1.44 | -20.0 | 2.86 | 0.18 | 5.88 | -5.26 | 19.83 | -11.63 | 5.03 | 133.72 | 2.74 | -0.86 | 86.10 | 77.78 | 16.99 | 13.90 | -73.02 | -47.36 | 23.58 | -9.72 | -4.96 |
| 21Q1 (6) | 1.49 | 6.43 | 473.08 | 17.21 | 21.45 | 23.81 | 5.66 | 81.41 | 36.39 | 11.67 | 27.12 | 366.8 | 10.06 | 13.03 | 774.78 | 4.05 | 4.38 | 726.53 | 1.80 | 4.65 | 462.5 | 0.17 | -10.53 | -10.53 | 22.44 | 13.85 | 63.08 | 130.16 | -3.49 | 0.6 | 48.43 | 42.41 | -70.76 | 51.53 | -21.91 | 178.52 | 26.12 | 6.48 | 5.75 |
| 20Q4 (5) | 1.40 | 28.44 | 89.19 | 14.17 | -2.54 | -1.05 | 3.12 | -36.84 | -37.47 | 9.18 | 14.18 | 72.56 | 8.90 | 28.99 | 82.38 | 3.88 | 20.87 | 68.7 | 1.72 | 19.44 | 53.57 | 0.19 | -5.0 | -5.0 | 19.71 | 8.42 | 27.41 | 134.86 | 0.74 | 5.43 | 34.01 | -44.68 | -63.66 | 65.99 | 71.32 | 943.7 | 24.53 | 2.0 | 0 |
| 20Q3 (4) | 1.09 | 10.1 | 0.0 | 14.54 | -7.68 | 0.0 | 4.94 | -18.75 | 0.0 | 8.04 | -2.78 | 0.0 | 6.90 | 1.02 | 0.0 | 3.21 | 5.25 | 0.0 | 1.44 | 2.86 | 0.0 | 0.20 | 5.26 | 0.0 | 18.18 | -3.71 | 0.0 | 133.87 | -0.75 | 0.0 | 61.48 | -16.46 | 0.0 | 38.52 | 45.87 | 0.0 | 24.05 | -3.06 | 0.0 |
| 20Q2 (3) | 0.99 | 280.77 | 0.0 | 15.75 | 13.31 | 0.0 | 6.08 | 46.51 | 0.0 | 8.27 | 230.8 | 0.0 | 6.83 | 493.91 | 0.0 | 3.05 | 522.45 | 0.0 | 1.40 | 337.5 | 0.0 | 0.19 | 0.0 | 0.0 | 18.88 | 37.21 | 0.0 | 134.88 | 4.24 | 0.0 | 73.59 | -55.57 | 0.0 | 26.41 | 140.24 | 0.0 | 24.81 | 0.45 | 0.0 |
| 20Q1 (2) | 0.26 | -64.86 | 0.0 | 13.90 | -2.93 | 0.0 | 4.15 | -16.83 | 0.0 | 2.50 | -53.01 | 0.0 | 1.15 | -76.43 | 0.0 | 0.49 | -78.7 | 0.0 | 0.32 | -71.43 | 0.0 | 0.19 | -5.0 | 0.0 | 13.76 | -11.05 | 0.0 | 129.39 | 1.15 | 0.0 | 165.63 | 76.97 | 0.0 | -65.63 | -1138.01 | 0.0 | 24.70 | 0 | 0.0 |
| 19Q4 (1) | 0.74 | 0.0 | 0.0 | 14.32 | 0.0 | 0.0 | 4.99 | 0.0 | 0.0 | 5.32 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 15.47 | 0.0 | 0.0 | 127.92 | 0.0 | 0.0 | 93.59 | 0.0 | 0.0 | 6.32 | 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) | 7.88 | -60.76 | 19.51 | -45.65 | 8.57 | -68.46 | 14.07 | 73.59 | 14.97 | -47.25 | 11.75 | -47.14 | 12.94 | -67.22 | 5.85 | -64.0 | 0.48 | -33.33 | 30.08 | -18.81 | 124.34 | -8.57 | 57.27 | -40.17 | 42.73 | 900.47 | 0.72 | 145.37 | 23.88 | 13.39 |
| 2022 (9) | 20.08 | 123.61 | 35.90 | 58.64 | 27.17 | 115.63 | 8.11 | -10.81 | 28.38 | 78.49 | 22.23 | 71.93 | 39.48 | 73.16 | 16.25 | 73.8 | 0.72 | 1.41 | 37.05 | 44.95 | 135.99 | -14.77 | 95.73 | 20.87 | 4.27 | -79.47 | 0.29 | -13.65 | 21.06 | -8.39 |
| 2021 (8) | 8.98 | 140.11 | 22.63 | 55.0 | 12.60 | 175.71 | 9.09 | -8.3 | 15.90 | 124.26 | 12.93 | 113.72 | 22.80 | 117.56 | 9.35 | 92.78 | 0.71 | -5.33 | 25.56 | 44.33 | 159.56 | 18.32 | 79.20 | 22.91 | 20.80 | -41.51 | 0.34 | 15.58 | 22.99 | -6.2 |
| 2020 (7) | 3.74 | 66.96 | 14.60 | 6.49 | 4.57 | 8.04 | 9.91 | -2.54 | 7.09 | 44.99 | 6.05 | 52.39 | 10.48 | 52.1 | 4.85 | 35.85 | 0.75 | -2.6 | 17.71 | 10.27 | 134.86 | 5.43 | 64.44 | -25.51 | 35.56 | 163.49 | 0.30 | 26.04 | 24.51 | 6.29 |
| 2019 (6) | 2.24 | 94.78 | 13.71 | 23.85 | 4.23 | 131.15 | 10.17 | -7.39 | 4.89 | 62.46 | 3.97 | 64.05 | 6.89 | 75.77 | 3.57 | 57.96 | 0.77 | 5.48 | 16.06 | 6.57 | 127.92 | 3.14 | 86.50 | 42.01 | 13.50 | -65.47 | 0.23 | 10.82 | 23.06 | 2.35 |
| 2018 (5) | 1.15 | 310.71 | 11.07 | 24.38 | 1.83 | 0 | 10.98 | -10.21 | 3.01 | 81.33 | 2.42 | 126.17 | 3.92 | 163.09 | 2.26 | 103.6 | 0.73 | 12.31 | 15.07 | 1.21 | 124.02 | 0.48 | 60.91 | 0 | 39.09 | -61.27 | 0.21 | -10.49 | 22.53 | 0.45 |
| 2017 (4) | 0.28 | 2700.0 | 8.90 | -5.62 | -0.02 | 0 | 12.23 | -8.95 | 1.66 | 50.91 | 1.07 | 160.98 | 1.49 | 175.93 | 1.11 | 60.87 | 0.65 | 3.17 | 14.89 | -4.12 | 123.43 | 13.4 | -0.93 | 0 | 100.93 | 99.26 | 0.24 | 0 | 22.43 | 6.05 |
| 2016 (3) | 0.01 | -94.74 | 9.43 | 2.06 | 0.54 | 35.0 | 13.44 | 6.15 | 1.10 | 378.26 | 0.41 | 720.0 | 0.54 | 800.0 | 0.69 | 50.0 | 0.63 | 1.61 | 15.53 | 12.13 | 108.84 | -6.37 | 49.35 | -71.28 | 50.65 | 0 | 0.00 | 0 | 21.15 | -0.84 |
| 2015 (2) | 0.19 | -40.62 | 9.24 | -7.32 | 0.40 | -76.61 | 12.66 | -2.21 | 0.23 | -65.15 | 0.05 | -91.38 | 0.06 | -91.78 | 0.46 | -38.67 | 0.62 | 1.64 | 13.85 | -4.42 | 116.24 | 7.06 | 171.81 | -34.04 | -71.81 | 0 | 0.00 | 0 | 21.33 | 0.66 |
| 2014 (1) | 0.32 | -57.89 | 9.97 | 0 | 1.71 | 0 | 12.94 | -2.87 | 0.66 | 0 | 0.58 | 0 | 0.73 | 0 | 0.75 | 0 | 0.61 | 3.39 | 14.49 | -10.78 | 108.57 | 9.37 | 260.49 | 105.85 | -160.74 | 0 | 0.00 | 0 | 21.19 | 17.07 |
