- 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) | -0.18 | 57.14 | -124.0 | 35.19 | 28.06 | 3.23 | -0.83 | 95.46 | -108.01 | -4.56 | 78.35 | -132.62 | -3.72 | 66.87 | -133.39 | -1.37 | 56.37 | -134.16 | -0.30 | 67.03 | -114.15 | 0.12 | 33.33 | -33.33 | 0.37 | 102.51 | -97.85 | 208.69 | 3.93 | 86.95 | 16.67 | -80.7 | -77.35 | 83.33 | 511.11 | 215.48 | 32.57 | -18.43 | 28.58 |
| 24Q2 (19) | -0.42 | -1150.0 | 65.0 | 27.48 | -6.66 | -23.79 | -18.30 | -56.41 | -379.39 | -21.06 | -1504.0 | 10.65 | -11.23 | -1190.29 | 40.68 | -3.14 | -1182.76 | 50.16 | -0.91 | -479.17 | 71.11 | 0.09 | -10.0 | -47.06 | -14.76 | -294.72 | 28.63 | 200.79 | 4.32 | 132.5 | 86.36 | 110.36 | 411.66 | 13.64 | -98.54 | -89.32 | 39.93 | 4.09 | 61.4 |
| 24Q1 (18) | 0.04 | 100.7 | -93.22 | 29.44 | -11.16 | -22.69 | -11.70 | 38.97 | -200.52 | 1.50 | 100.88 | -86.36 | 1.03 | 100.77 | -88.2 | 0.29 | 100.83 | -89.3 | 0.24 | 101.68 | -84.21 | 0.10 | -9.09 | -41.18 | 7.58 | 104.57 | -45.19 | 192.48 | 4.33 | 80.31 | -833.33 | -7618.52 | -876.52 | 933.33 | 952.59 | 19233.33 | 38.36 | 10.42 | 56.96 |
| 23Q4 (17) | -5.69 | -858.67 | -2062.07 | 33.14 | -2.79 | -9.58 | -19.17 | -285.04 | -314.19 | -171.33 | -1325.54 | -3610.86 | -133.81 | -1301.17 | -3539.85 | -34.81 | -968.08 | -2884.8 | -14.29 | -774.06 | -1908.86 | 0.11 | -38.89 | -42.11 | -165.82 | -1061.83 | -2368.4 | 184.49 | 65.27 | 182.92 | 11.08 | -84.94 | -93.87 | 88.67 | 235.68 | 209.53 | 34.74 | 37.15 | 56.91 |
| 23Q3 (16) | 0.75 | 162.5 | -54.55 | 34.09 | -5.46 | -9.74 | 10.36 | 58.17 | -28.75 | 13.98 | 159.31 | -41.56 | 11.14 | 158.85 | -38.79 | 4.01 | 163.65 | -45.37 | 2.12 | 167.3 | -50.7 | 0.18 | 5.88 | -21.74 | 17.24 | 183.37 | -33.51 | 111.63 | 29.26 | 60.97 | 73.58 | 365.55 | 21.32 | 26.42 | -79.32 | -32.86 | 25.33 | 2.38 | 17.38 |
| 23Q2 (15) | -1.20 | -303.39 | -175.95 | 36.06 | -5.3 | -12.62 | 6.55 | -43.73 | -57.19 | -23.57 | -314.27 | -223.79 | -18.93 | -316.84 | -213.83 | -6.30 | -332.47 | -184.56 | -3.15 | -307.24 | -172.41 | 0.17 | 0.0 | -34.62 | -20.68 | -249.53 | -198.43 | 86.36 | -19.1 | 15.42 | -27.71 | -125.82 | -134.47 | 127.71 | 2718.07 | 551.33 | 24.74 | 1.23 | 19.34 |
| 23Q1 (14) | 0.59 | 103.45 | -66.67 | 38.08 | 3.9 | -8.29 | 11.64 | 30.06 | -46.19 | 11.00 | 125.41 | -56.61 | 8.73 | 124.42 | -56.76 | 2.71 | 116.8 | -67.39 | 1.52 | 92.41 | -70.94 | 0.17 | -10.53 | -34.62 | 13.83 | 89.19 | -49.65 | 106.75 | 63.7 | 54.69 | 107.32 | -40.69 | 25.37 | -4.88 | 93.97 | -133.88 | 24.44 | 10.39 | 14.8 |
| 22Q4 (13) | 0.29 | -82.42 | -66.67 | 36.65 | -2.97 | -4.61 | 8.95 | -38.45 | -36.7 | 4.88 | -79.6 | -62.52 | 3.89 | -78.63 | -62.31 | 1.25 | -82.97 | -68.91 | 0.79 | -81.63 | -69.5 | 0.19 | -17.39 | -24.0 | 7.31 | -71.81 | -51.97 | 65.21 | -5.97 | 29.9 | 180.95 | 198.33 | 67.45 | -80.95 | -305.75 | -903.81 | 22.14 | 2.59 | 3.99 |
| 22Q3 (12) | 1.65 | 4.43 | 50.0 | 37.77 | -8.48 | -10.75 | 14.54 | -4.97 | -20.42 | 23.92 | 25.63 | 31.36 | 18.20 | 9.44 | 25.26 | 7.34 | -1.48 | 43.36 | 4.30 | -1.15 | 29.13 | 0.23 | -11.54 | 0.0 | 25.93 | 23.42 | 24.72 | 69.35 | -7.31 | 10.39 | 60.66 | -24.55 | -39.34 | 39.34 | 100.66 | 0 | 21.58 | 4.1 | -1.05 |
| 22Q2 (11) | 1.58 | -10.73 | 81.61 | 41.27 | -0.6 | 6.86 | 15.30 | -29.26 | 0.59 | 19.04 | -24.89 | 50.51 | 16.63 | -17.63 | 31.77 | 7.45 | -10.35 | 84.41 | 4.35 | -16.83 | 55.91 | 0.26 | 0.0 | 18.18 | 21.01 | -23.52 | 34.34 | 74.82 | 8.42 | 60.87 | 80.39 | -6.08 | -33.23 | 19.61 | 36.17 | 196.08 | 20.73 | -2.63 | -8.76 |
| 22Q1 (10) | 1.77 | 103.45 | 233.96 | 41.52 | 8.07 | 13.88 | 21.63 | 52.97 | 81.92 | 25.35 | 94.7 | 144.22 | 20.19 | 95.64 | 148.03 | 8.31 | 106.72 | 225.88 | 5.23 | 101.93 | 200.57 | 0.26 | 4.0 | 23.81 | 27.47 | 80.49 | 103.33 | 69.01 | 37.47 | 54.9 | 85.60 | -20.79 | -26.07 | 14.40 | 278.56 | 191.2 | 21.29 | 0.0 | -7.52 |
| 21Q4 (9) | 0.87 | -20.91 | 222.22 | 38.42 | -9.22 | 13.17 | 14.14 | -22.61 | 134.88 | 13.02 | -28.5 | 300.62 | 10.32 | -28.97 | 147.48 | 4.02 | -21.48 | 204.55 | 2.59 | -22.22 | 201.16 | 0.25 | 8.7 | 25.0 | 15.22 | -26.79 | 127.5 | 50.20 | -20.09 | -5.67 | 108.06 | 8.06 | -40.56 | -8.06 | 0 | 90.14 | 21.29 | -2.38 | -21.0 |
| 21Q3 (8) | 1.10 | 26.44 | 161.9 | 42.32 | 9.58 | 18.31 | 18.27 | 20.12 | 116.98 | 18.21 | 43.95 | 128.48 | 14.53 | 15.13 | 135.88 | 5.12 | 26.73 | 116.03 | 3.33 | 19.35 | 156.15 | 0.23 | 4.55 | 9.52 | 20.79 | 32.93 | 76.49 | 62.82 | 35.07 | -10.26 | 100.00 | -16.95 | -3.45 | 0.00 | 100.0 | 100.0 | 21.81 | -4.01 | -6.72 |
| 21Q2 (7) | 0.87 | 64.15 | 93.33 | 38.62 | 5.92 | -4.19 | 15.21 | 27.92 | 17.45 | 12.65 | 21.87 | 97.66 | 12.62 | 55.04 | 150.89 | 4.04 | 58.43 | 75.65 | 2.79 | 60.34 | 121.43 | 0.22 | 4.76 | -8.33 | 15.64 | 15.77 | 69.08 | 46.51 | 4.4 | -55.81 | 120.41 | 3.99 | -39.8 | -20.41 | -29.25 | 80.25 | 22.72 | -1.3 | 20.98 |
| 21Q1 (6) | 0.53 | 96.3 | -58.27 | 36.46 | 7.39 | -10.48 | 11.89 | 97.51 | -17.14 | 10.38 | 219.38 | -31.71 | 8.14 | 95.2 | -32.73 | 2.55 | 93.18 | -54.3 | 1.74 | 102.33 | -46.13 | 0.21 | 5.0 | -19.23 | 13.51 | 101.94 | -25.03 | 44.55 | -16.29 | -38.73 | 115.79 | -36.32 | 22.05 | -15.79 | 80.7 | -407.89 | 23.02 | -14.58 | 28.53 |
| 20Q4 (5) | 0.27 | -35.71 | -83.33 | 33.95 | -5.09 | -25.5 | 6.02 | -28.5 | -65.28 | 3.25 | -59.22 | -77.37 | 4.17 | -32.31 | -66.96 | 1.32 | -44.3 | -82.56 | 0.86 | -33.85 | -79.57 | 0.20 | -4.76 | -39.39 | 6.69 | -43.21 | -59.87 | 53.22 | -23.97 | -31.42 | 181.82 | 75.55 | 50.13 | -81.82 | -1045.45 | -287.56 | 26.95 | 15.27 | 0 |
| 20Q3 (4) | 0.42 | -6.67 | 0.0 | 35.77 | -11.26 | 0.0 | 8.42 | -34.98 | 0.0 | 7.97 | 24.53 | 0.0 | 6.16 | 22.47 | 0.0 | 2.37 | 3.04 | 0.0 | 1.30 | 3.17 | 0.0 | 0.21 | -12.5 | 0.0 | 11.78 | 27.35 | 0.0 | 70.00 | -33.49 | 0.0 | 103.57 | -48.21 | 0.0 | -7.14 | 93.09 | 0.0 | 23.38 | 24.49 | 0.0 |
| 20Q2 (3) | 0.45 | -64.57 | 0.0 | 40.31 | -1.03 | 0.0 | 12.95 | -9.76 | 0.0 | 6.40 | -57.89 | 0.0 | 5.03 | -58.43 | 0.0 | 2.30 | -58.78 | 0.0 | 1.26 | -60.99 | 0.0 | 0.24 | -7.69 | 0.0 | 9.25 | -48.67 | 0.0 | 105.24 | 44.74 | 0.0 | 200.00 | 110.81 | 0.0 | -103.33 | -2115.0 | 0.0 | 18.78 | 4.86 | 0.0 |
| 20Q1 (2) | 1.27 | -21.6 | 0.0 | 40.73 | -10.62 | 0.0 | 14.35 | -17.24 | 0.0 | 15.20 | 5.85 | 0.0 | 12.10 | -4.12 | 0.0 | 5.58 | -26.29 | 0.0 | 3.23 | -23.28 | 0.0 | 0.26 | -21.21 | 0.0 | 18.02 | 8.1 | 0.0 | 72.71 | -6.3 | 0.0 | 94.87 | -21.67 | 0.0 | 5.13 | 124.29 | 0.0 | 17.91 | 0 | 0.0 |
| 19Q4 (1) | 1.62 | 0.0 | 0.0 | 45.57 | 0.0 | 0.0 | 17.34 | 0.0 | 0.0 | 14.36 | 0.0 | 0.0 | 12.62 | 0.0 | 0.0 | 7.57 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 77.60 | 0.0 | 0.0 | 121.11 | 0.0 | 0.0 | -21.11 | 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) | -5.54 | 0 | 35.56 | -9.81 | 4.51 | -70.58 | 2.61 | 54.87 | -29.38 | 0 | -22.98 | 0 | -29.62 | 0 | -13.92 | 0 | 0.62 | -36.08 | -26.06 | 0 | 184.49 | 182.92 | -15.44 | 0 | 115.19 | 516.02 | 0.19 | 37.39 | 26.58 | 24.21 |
| 2022 (9) | 5.32 | 57.4 | 39.43 | 1.0 | 15.33 | 2.47 | 1.68 | -20.14 | 18.83 | 37.55 | 15.18 | 32.46 | 23.15 | 45.96 | 14.77 | 40.27 | 0.97 | 6.59 | 20.91 | 27.66 | 65.21 | 29.9 | 81.57 | -25.34 | 18.70 | 0 | 0.14 | -49.34 | 21.40 | -3.39 |
| 2021 (8) | 3.38 | 43.83 | 39.04 | 2.12 | 14.96 | 35.26 | 2.11 | -14.74 | 13.69 | 54.86 | 11.46 | 56.99 | 15.86 | 47.67 | 10.53 | 58.35 | 0.91 | 2.25 | 16.38 | 36.5 | 50.20 | -5.67 | 109.25 | -12.72 | -9.25 | 0 | 0.27 | -56.45 | 22.15 | 5.03 |
| 2020 (7) | 2.35 | -60.57 | 38.23 | -11.99 | 11.06 | -32.44 | 2.47 | 25.82 | 8.84 | -44.54 | 7.30 | -44.19 | 10.74 | -62.43 | 6.65 | -58.33 | 0.89 | -26.45 | 12.00 | -34.92 | 53.22 | -31.42 | 125.17 | 21.76 | -25.17 | 0 | 0.62 | -63.77 | 21.09 | 19.35 |
| 2019 (6) | 5.96 | 40.57 | 43.44 | 8.52 | 16.37 | 30.96 | 1.96 | 36.55 | 15.94 | 18.25 | 13.08 | 17.52 | 28.59 | 35.24 | 15.96 | 36.18 | 1.21 | 16.35 | 18.44 | 19.35 | 77.60 | -8.68 | 102.80 | 10.68 | -2.80 | 0 | 1.70 | 25.86 | 17.67 | -13.34 |
| 2018 (5) | 4.24 | -23.6 | 40.03 | -7.25 | 12.50 | -20.53 | 1.44 | 42.93 | 13.48 | -8.24 | 11.13 | -11.17 | 21.14 | -25.62 | 11.72 | -26.06 | 1.04 | -16.8 | 15.45 | -4.33 | 84.98 | 4.78 | 92.89 | -13.32 | 7.11 | 0 | 1.35 | 0 | 20.39 | 12.4 |
| 2017 (4) | 5.55 | -3.65 | 43.16 | 1.46 | 15.73 | -8.86 | 1.01 | -2.8 | 14.69 | -11.56 | 12.53 | -10.75 | 28.42 | -3.0 | 15.85 | -9.99 | 1.25 | 0.0 | 16.15 | -10.72 | 81.10 | -0.22 | 107.17 | 3.11 | -7.17 | 0 | 0.00 | 0 | 18.14 | -6.3 |
| 2016 (3) | 5.76 | 34.89 | 42.54 | 5.48 | 17.26 | 14.38 | 1.04 | -20.1 | 16.61 | 1.1 | 14.04 | 2.63 | 29.30 | 29.59 | 17.61 | 20.86 | 1.25 | 17.92 | 18.09 | -1.47 | 81.28 | 53.82 | 103.93 | 12.84 | -3.93 | 0 | 0.00 | 0 | 19.36 | -13.42 |
| 2015 (2) | 4.27 | -43.82 | 40.33 | 3.62 | 15.09 | -25.56 | 1.30 | 3.81 | 16.43 | -27.84 | 13.68 | -28.38 | 22.61 | -43.19 | 14.57 | -40.29 | 1.06 | -16.54 | 18.36 | -24.69 | 52.84 | -12.95 | 92.11 | 3.43 | 8.33 | -23.9 | 0.00 | 0 | 22.36 | 18.87 |
| 2014 (1) | 7.60 | 173.38 | 38.92 | 0 | 20.27 | 0 | 1.25 | -32.59 | 22.77 | 0 | 19.10 | 0 | 39.80 | 0 | 24.40 | 0 | 1.27 | 18.69 | 24.38 | 64.62 | 60.70 | -12.12 | 89.05 | -2.33 | 10.95 | 24.11 | 0.00 | 0 | 18.81 | -12.02 |
