- 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) | 0.64 | -65.78 | -68.93 | 24.01 | -9.09 | -12.88 | 15.15 | -25.37 | -26.1 | 11.13 | -53.91 | -60.5 | 8.90 | -52.89 | -60.51 | 2.29 | -67.43 | -74.86 | 1.62 | -65.38 | -71.68 | 0.18 | -28.0 | -28.0 | 21.65 | -31.73 | -39.08 | 37.62 | -25.94 | -25.25 | 137.25 | 63.85 | 88.3 | -37.25 | -329.49 | -237.43 | 6.53 | 24.14 | 15.37 |
| 24Q2 (19) | 1.87 | 3.89 | -31.5 | 26.41 | -0.71 | 6.58 | 20.30 | 16.07 | -7.09 | 24.15 | -9.62 | -30.68 | 18.89 | -7.76 | -36.29 | 7.03 | -2.5 | -47.96 | 4.68 | -2.5 | -39.46 | 0.25 | 8.7 | 0.0 | 31.71 | -9.19 | -25.67 | 50.80 | -1.66 | -29.15 | 83.77 | 28.61 | 33.38 | 16.23 | -52.55 | -56.36 | 5.26 | -12.33 | 3.34 |
| 24Q1 (18) | 1.80 | 146.58 | 221.62 | 26.60 | 4.56 | 26.07 | 17.49 | -2.18 | -21.15 | 26.72 | 157.92 | 242.74 | 20.48 | 147.04 | 188.81 | 7.21 | 137.95 | 201.69 | 4.80 | 134.15 | 215.38 | 0.23 | -4.17 | 27.78 | 34.92 | 89.68 | 479.57 | 51.66 | 1.67 | -41.8 | 65.13 | -61.95 | 154.51 | 34.21 | 146.94 | -84.41 | 6.00 | 18.81 | -20.21 |
| 23Q4 (17) | 0.73 | -64.56 | 217.39 | 25.44 | -7.69 | 49.65 | 17.88 | -12.78 | 57.53 | 10.36 | -63.24 | 109.72 | 8.29 | -63.22 | 108.82 | 3.03 | -66.74 | 203.0 | 2.05 | -64.16 | 188.73 | 0.24 | -4.0 | 41.18 | 18.41 | -48.2 | 26.18 | 50.81 | 0.95 | -1.68 | 171.19 | 134.85 | -26.63 | -72.88 | -368.85 | 45.34 | 5.05 | -10.78 | -33.11 |
| 23Q3 (16) | 2.06 | -24.54 | 68.85 | 27.56 | 11.22 | 4.79 | 20.50 | -6.18 | 220.81 | 28.18 | -19.12 | 31.38 | 22.54 | -23.98 | 31.35 | 9.11 | -32.57 | 63.55 | 5.72 | -26.0 | 64.84 | 0.25 | 0.0 | 25.0 | 35.54 | -16.69 | 25.49 | 50.33 | -29.8 | 2.84 | 72.89 | 16.07 | 148.84 | 27.11 | -27.12 | -61.11 | 5.66 | 11.2 | -11.98 |
| 23Q2 (15) | 2.73 | 284.46 | 40.72 | 24.78 | 17.44 | -11.21 | 21.85 | -1.49 | 29.75 | 34.84 | 286.11 | 62.42 | 29.65 | 228.58 | 75.13 | 13.51 | 290.55 | 42.21 | 7.73 | 285.82 | 45.57 | 0.25 | 38.89 | -19.35 | 42.66 | 563.7 | 67.89 | 71.70 | -19.22 | -4.53 | 62.80 | 152.56 | -19.98 | 37.20 | -83.05 | 72.86 | 5.09 | -32.31 | 9.94 |
| 23Q1 (14) | -1.48 | -743.48 | -194.87 | 21.10 | 24.12 | 17.88 | 22.18 | 95.42 | 78.15 | -18.72 | -478.95 | -203.25 | -23.06 | -680.86 | -255.5 | -7.09 | -809.0 | -190.2 | -4.16 | -685.92 | -192.65 | 0.18 | 5.88 | -40.0 | -9.20 | -163.06 | -141.31 | 88.76 | 71.75 | 5.4 | -119.48 | -151.21 | -274.95 | 219.48 | 264.61 | 592.21 | 7.52 | -0.4 | 56.67 |
| 22Q4 (13) | 0.23 | -81.15 | -80.99 | 17.00 | -35.36 | -21.08 | 11.35 | 77.62 | -18.7 | 4.94 | -76.97 | -64.36 | 3.97 | -76.86 | -63.91 | 1.00 | -82.05 | -83.66 | 0.71 | -79.54 | -79.83 | 0.17 | -15.0 | -46.88 | 14.59 | -48.48 | -18.13 | 51.68 | 5.6 | -22.98 | 233.33 | 696.55 | 130.98 | -133.33 | -291.3 | -12966.67 | 7.55 | 17.42 | 70.05 |
| 22Q3 (12) | 1.22 | -37.11 | 250.62 | 26.30 | -5.77 | 15.76 | 6.39 | -62.05 | -62.85 | 21.45 | 0.0 | 742.22 | 17.16 | 1.36 | 349.78 | 5.57 | -41.37 | 234.87 | 3.47 | -34.65 | 254.91 | 0.20 | -35.48 | -39.39 | 28.32 | 11.45 | 21684.62 | 48.94 | -34.83 | -40.81 | 29.29 | -62.68 | 105.63 | 69.70 | 223.89 | -88.76 | 6.43 | 38.88 | 60.35 |
| 22Q2 (11) | 1.94 | 24.36 | 8.38 | 27.91 | 55.92 | 8.14 | 16.84 | 35.26 | -18.09 | 21.45 | 18.31 | 20.1 | 16.93 | 14.16 | 17.81 | 9.50 | 20.87 | 1.28 | 5.31 | 18.26 | 5.15 | 0.31 | 3.33 | -11.43 | 25.41 | 14.1 | 21.17 | 75.10 | -10.82 | -12.42 | 78.48 | 14.92 | -31.98 | 21.52 | -32.13 | 239.87 | 4.63 | -3.54 | 10.77 |
| 22Q1 (10) | 1.56 | 28.93 | 12.23 | 17.90 | -16.9 | -26.94 | 12.45 | -10.82 | -30.87 | 18.13 | 30.81 | 5.78 | 14.83 | 34.82 | 8.17 | 7.86 | 28.43 | 8.56 | 4.49 | 27.56 | 9.25 | 0.30 | -6.25 | 0.0 | 22.27 | 24.97 | 8.53 | 84.21 | 25.5 | -2.4 | 68.29 | -32.4 | -35.18 | 31.71 | 3207.32 | 691.87 | 4.80 | 8.11 | -6.43 |
| 21Q4 (9) | 1.21 | 249.38 | -23.42 | 21.54 | -5.19 | -18.13 | 13.96 | -18.84 | -30.79 | 13.86 | 514.97 | -16.25 | 11.00 | 260.12 | -16.92 | 6.12 | 248.18 | -24.35 | 3.52 | 257.14 | -29.6 | 0.32 | -3.03 | -15.79 | 17.82 | 13607.69 | -9.5 | 67.10 | -18.84 | -1.94 | 101.02 | 119.43 | -17.23 | -1.02 | -100.16 | 95.37 | 4.44 | 10.72 | 11.56 |
| 21Q3 (8) | -0.81 | -145.25 | -158.7 | 22.72 | -11.97 | -1.13 | 17.20 | -16.34 | -3.26 | -3.34 | -118.7 | -121.89 | -6.87 | -147.81 | -156.27 | -4.13 | -144.03 | -153.78 | -2.24 | -144.36 | -145.71 | 0.33 | -5.71 | -17.5 | 0.13 | -99.38 | -99.28 | 82.68 | -3.58 | 47.99 | -520.00 | -550.67 | -544.0 | 620.00 | 4130.0 | 3923.33 | 4.01 | -4.07 | 5.8 |
| 21Q2 (7) | 1.79 | 28.78 | 163.24 | 25.81 | 5.35 | 15.22 | 20.56 | 14.16 | 40.63 | 17.86 | 4.2 | 54.9 | 14.37 | 4.81 | 50.31 | 9.38 | 29.56 | 132.18 | 5.05 | 22.87 | 104.45 | 0.35 | 16.67 | 34.62 | 20.97 | 2.19 | 27.17 | 85.75 | -0.61 | 48.69 | 115.38 | 9.52 | -8.73 | -15.38 | -187.18 | 41.76 | 4.18 | -18.52 | 0 |
| 21Q1 (6) | 1.39 | -12.03 | 0.72 | 24.50 | -6.88 | 1.74 | 18.01 | -10.71 | 0.33 | 17.14 | 3.56 | -17.16 | 13.71 | 3.55 | -17.16 | 7.24 | -10.51 | -8.7 | 4.11 | -17.8 | -19.41 | 0.30 | -21.05 | -3.23 | 20.52 | 4.22 | -16.99 | 86.28 | 26.09 | 22.85 | 105.36 | -13.68 | 20.56 | -5.36 | 75.7 | -139.64 | 5.13 | 28.89 | 8.92 |
| 20Q4 (5) | 1.58 | 14.49 | 125.71 | 26.31 | 14.49 | 16.93 | 20.17 | 13.44 | 20.56 | 16.55 | 8.45 | 51.14 | 13.24 | 8.44 | 45.81 | 8.09 | 5.34 | 105.33 | 5.00 | 2.04 | 77.94 | 0.38 | -5.0 | 22.58 | 19.69 | 8.72 | 32.77 | 68.43 | 22.48 | 62.73 | 122.05 | 4.21 | -19.13 | -22.05 | -35.96 | 58.19 | 3.98 | 5.01 | 0 |
| 20Q3 (4) | 1.38 | 102.94 | 0.0 | 22.98 | 2.59 | 0.0 | 17.78 | 21.61 | 0.0 | 15.26 | 32.35 | 0.0 | 12.21 | 27.72 | 0.0 | 7.68 | 90.1 | 0.0 | 4.90 | 98.38 | 0.0 | 0.40 | 53.85 | 0.0 | 18.11 | 9.82 | 0.0 | 55.87 | -3.12 | 0.0 | 117.12 | -7.36 | 0.0 | -16.22 | 38.61 | 0.0 | 3.79 | 0 | 0.0 |
| 20Q2 (3) | 0.68 | -50.72 | 0.0 | 22.40 | -6.98 | 0.0 | 14.62 | -18.55 | 0.0 | 11.53 | -44.27 | 0.0 | 9.56 | -42.24 | 0.0 | 4.04 | -49.05 | 0.0 | 2.47 | -51.57 | 0.0 | 0.26 | -16.13 | 0.0 | 16.49 | -33.29 | 0.0 | 57.67 | -17.88 | 0.0 | 126.42 | 44.66 | 0.0 | -26.42 | -295.47 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.38 | 97.14 | 0.0 | 24.08 | 7.02 | 0.0 | 17.95 | 7.29 | 0.0 | 20.69 | 88.95 | 0.0 | 16.55 | 82.27 | 0.0 | 7.93 | 101.27 | 0.0 | 5.10 | 81.49 | 0.0 | 0.31 | 0.0 | 0.0 | 24.72 | 66.69 | 0.0 | 70.23 | 67.02 | 0.0 | 87.39 | -42.09 | 0.0 | 13.51 | 125.63 | 0.0 | 4.71 | 0 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 22.50 | 0.0 | 0.0 | 16.73 | 0.0 | 0.0 | 10.95 | 0.0 | 0.0 | 9.08 | 0.0 | 0.0 | 3.94 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 14.83 | 0.0 | 0.0 | 42.05 | 0.0 | 0.0 | 150.91 | 0.0 | 0.0 | -52.73 | 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) | 4.04 | -18.38 | 25.01 | 9.89 | 20.51 | 64.47 | 7.59 | 39.65 | 16.38 | -7.56 | 12.05 | -15.2 | 17.12 | -25.34 | 11.67 | -19.57 | 0.94 | -7.84 | 24.49 | 5.06 | 50.81 | -1.68 | 125.14 | 77.88 | -25.14 | 0 | 0.04 | -52.89 | 5.70 | 3.07 |
| 2022 (9) | 4.95 | 38.27 | 22.76 | -3.89 | 12.47 | -28.82 | 5.44 | 58.64 | 17.72 | 57.79 | 14.21 | 79.87 | 22.93 | 30.14 | 14.51 | 37.54 | 1.02 | -23.31 | 23.31 | 58.57 | 51.68 | -22.98 | 70.35 | -54.84 | 29.65 | 0 | 0.09 | 96.41 | 5.53 | 25.4 |
| 2021 (8) | 3.58 | -28.69 | 23.68 | -1.86 | 17.52 | -2.5 | 3.43 | -2.84 | 11.23 | -30.42 | 7.90 | -39.09 | 17.62 | -32.46 | 10.55 | -37.01 | 1.33 | 3.1 | 14.70 | -25.3 | 67.10 | -1.94 | 155.79 | 40.14 | -55.79 | 0 | 0.05 | 0.41 | 4.41 | 1.61 |
| 2020 (7) | 5.02 | 19.81 | 24.13 | 2.33 | 17.97 | 1.76 | 3.53 | -1.19 | 16.14 | -8.03 | 12.97 | -7.03 | 26.09 | 9.67 | 16.75 | 1.09 | 1.29 | 8.4 | 19.68 | -7.21 | 68.43 | 62.73 | 111.17 | 10.51 | -11.41 | 0 | 0.05 | -24.1 | 4.34 | -2.25 |
| 2019 (6) | 4.19 | -6.47 | 23.58 | -5.76 | 17.66 | -2.0 | 3.57 | 79.6 | 17.55 | -14.31 | 13.95 | -14.84 | 23.79 | -16.41 | 16.57 | -15.67 | 1.19 | -0.83 | 21.21 | -5.9 | 42.05 | -7.6 | 100.59 | 14.55 | -0.59 | 0 | 0.06 | 0 | 4.44 | -9.02 |
| 2018 (5) | 4.48 | 104.57 | 25.02 | 4.03 | 18.02 | 7.78 | 1.99 | -18.86 | 20.48 | 63.45 | 16.38 | 61.38 | 28.46 | 87.85 | 19.65 | 82.96 | 1.20 | 13.21 | 22.54 | 48.98 | 45.51 | 3.2 | 87.81 | -34.14 | 11.91 | 0 | 0.00 | 0 | 4.88 | -16.44 |
| 2017 (4) | 2.19 | -15.44 | 24.05 | -7.21 | 16.72 | -3.07 | 2.45 | 3.94 | 12.53 | -23.03 | 10.15 | -22.58 | 15.15 | -17.84 | 10.74 | -21.09 | 1.06 | 1.92 | 15.13 | -19.39 | 44.10 | 14.43 | 133.33 | 25.45 | -33.33 | 0 | 0.00 | 0 | 5.84 | -5.04 |
| 2016 (3) | 2.59 | -16.99 | 25.92 | 2.17 | 17.25 | 2.74 | 2.36 | 8.31 | 16.28 | -16.04 | 13.11 | -28.05 | 18.44 | -28.0 | 13.61 | -31.23 | 1.04 | -4.59 | 18.77 | -13.02 | 38.54 | 19.02 | 106.28 | 22.94 | -5.80 | 0 | 0.00 | 0 | 6.15 | 3.36 |
| 2015 (2) | 3.12 | 53.69 | 25.37 | 14.33 | 16.79 | 32.83 | 2.18 | -5.35 | 19.39 | 28.92 | 18.22 | 21.14 | 25.61 | 21.2 | 19.79 | 14.79 | 1.09 | -5.22 | 21.58 | 23.53 | 32.38 | 26.34 | 86.45 | 2.95 | 13.55 | -15.47 | 0.00 | 0 | 5.95 | -18.04 |
| 2014 (1) | 2.03 | 420.51 | 22.19 | 0 | 12.64 | 0 | 2.30 | -28.3 | 15.04 | 0 | 15.04 | 0 | 21.13 | 0 | 17.24 | 0 | 1.15 | 15.0 | 17.47 | 148.86 | 25.63 | 36.69 | 83.97 | 28.75 | 16.03 | -53.91 | 0.00 | 0 | 7.26 | -25.0 |
