- 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) | 0.20 | -42.86 | -89.69 | 20.00 | -5.53 | -22.39 | 0.43 | -75.29 | -95.21 | 1.15 | -14.18 | -88.11 | 0.91 | -36.81 | -85.39 | 0.43 | -36.76 | -89.22 | 0.28 | -30.0 | -83.03 | 0.20 | 0.0 | -20.0 | 5.58 | -6.53 | -57.89 | 126.31 | -13.62 | -19.77 | 37.50 | -70.83 | -59.52 | 62.50 | 318.75 | 795.83 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.35 | -60.23 | -37.5 | 21.17 | -11.24 | -16.72 | 1.74 | -35.32 | -79.95 | 1.34 | -65.82 | -75.68 | 1.44 | -60.11 | -29.06 | 0.68 | -60.92 | -39.82 | 0.40 | -50.62 | -38.46 | 0.20 | 0.0 | -13.04 | 5.97 | -26.93 | -39.08 | 146.22 | 4.26 | -8.62 | 128.57 | 88.27 | -18.7 | -28.57 | -190.11 | 50.19 | 25.14 | -2.37 | 22.69 |
| 24Q1 (18) | 0.88 | -26.05 | 7.32 | 23.85 | 1.06 | 2.62 | 2.69 | -42.27 | 23.96 | 3.92 | -22.38 | -20.65 | 3.61 | 4.94 | -0.55 | 1.74 | -26.58 | 7.41 | 0.81 | -22.12 | -5.81 | 0.20 | -25.93 | 5.26 | 8.17 | -0.12 | -17.97 | 140.25 | -2.83 | 13.83 | 68.29 | -25.77 | 56.1 | 31.71 | 296.34 | -43.63 | 25.75 | 22.91 | 3.33 |
| 23Q4 (17) | 1.19 | -38.66 | -31.61 | 23.60 | -8.42 | 43.9 | 4.66 | -48.11 | 40.36 | 5.05 | -47.78 | -6.65 | 3.44 | -44.78 | -42.09 | 2.37 | -40.6 | -32.29 | 1.04 | -36.97 | -33.33 | 0.27 | 8.0 | 12.5 | 8.18 | -38.26 | -11.95 | 144.34 | -8.32 | 5.4 | 92.00 | -0.69 | 50.75 | 8.00 | 14.67 | -79.47 | 20.95 | 8.89 | 12.94 |
| 23Q3 (16) | 1.94 | 246.43 | -11.42 | 25.77 | 1.38 | 7.69 | 8.98 | 3.46 | 5.15 | 9.67 | 75.5 | 38.34 | 6.23 | 206.9 | -14.31 | 3.99 | 253.1 | -12.69 | 1.65 | 153.85 | -9.84 | 0.25 | 8.7 | 4.17 | 13.25 | 35.2 | 26.55 | 157.44 | -1.61 | 1.02 | 92.64 | -41.42 | -24.21 | 6.98 | 112.16 | 131.4 | 19.24 | -6.1 | -4.75 |
| 23Q2 (15) | 0.56 | -31.71 | -30.0 | 25.42 | 9.38 | 14.25 | 8.68 | 300.0 | 11.42 | 5.51 | 11.54 | 44.62 | 2.03 | -44.08 | -38.3 | 1.13 | -30.25 | -32.74 | 0.65 | -24.42 | -16.67 | 0.23 | 21.05 | 15.0 | 9.80 | -1.61 | 17.79 | 160.02 | 29.88 | -4.71 | 158.14 | 261.46 | -22.88 | -57.36 | -201.98 | 45.4 | 20.49 | -17.78 | 6.11 |
| 23Q1 (14) | 0.82 | -52.87 | -67.07 | 23.24 | 41.71 | -2.15 | 2.17 | -34.64 | -75.97 | 4.94 | -8.69 | -53.35 | 3.63 | -38.89 | -60.15 | 1.62 | -53.71 | -69.55 | 0.86 | -44.87 | -60.91 | 0.19 | -20.83 | -17.39 | 9.96 | 7.21 | -30.3 | 123.21 | -10.03 | -9.07 | 43.75 | -28.31 | -48.79 | 56.25 | 44.34 | 285.94 | 24.92 | 34.34 | 27.4 |
| 22Q4 (13) | 1.74 | -20.55 | -17.14 | 16.40 | -31.47 | -33.36 | 3.32 | -61.12 | -57.87 | 5.41 | -22.6 | -41.0 | 5.94 | -18.29 | -18.18 | 3.50 | -23.41 | -27.23 | 1.56 | -14.75 | -20.81 | 0.24 | 0.0 | -7.69 | 9.29 | -11.27 | -28.32 | 136.94 | -12.13 | -17.35 | 61.03 | -50.07 | -28.9 | 38.97 | 275.37 | 175.23 | 18.55 | -8.17 | 1.76 |
| 22Q3 (12) | 2.19 | 173.75 | 2090.0 | 23.93 | 7.55 | 26.35 | 8.54 | 9.63 | 1879.17 | 6.99 | 83.46 | 1305.17 | 7.27 | 120.97 | 1552.27 | 4.57 | 172.02 | 1977.27 | 1.83 | 134.62 | 863.16 | 0.24 | 20.0 | 14.29 | 10.47 | 25.84 | 140.69 | 155.85 | -7.19 | 3.53 | 122.22 | -40.4 | 49.38 | -22.22 | 78.85 | -222.22 | 20.20 | 4.61 | -4.54 |
| 22Q2 (11) | 0.80 | -67.87 | -31.62 | 22.25 | -6.32 | -3.05 | 7.79 | -13.73 | 48.1 | 3.81 | -64.02 | -32.57 | 3.29 | -63.89 | -37.33 | 1.68 | -68.42 | -37.55 | 0.78 | -64.55 | -37.1 | 0.20 | -13.04 | -4.76 | 8.32 | -41.78 | -22.68 | 167.93 | 23.93 | 21.63 | 205.06 | 140.05 | 121.47 | -105.06 | -820.85 | -1720.98 | 19.31 | -1.28 | -11.01 |
| 22Q1 (10) | 2.49 | 18.57 | 19.71 | 23.75 | -3.49 | 0.42 | 9.03 | 14.59 | -9.61 | 10.59 | 15.49 | 12.66 | 9.11 | 25.48 | 10.16 | 5.32 | 10.6 | 7.69 | 2.20 | 11.68 | 7.32 | 0.23 | -11.54 | 0.0 | 14.29 | 10.26 | 2.58 | 135.50 | -18.22 | -12.77 | 85.43 | -0.48 | -19.74 | 14.57 | 2.94 | 326.47 | 19.56 | 7.3 | 2.73 |
| 21Q4 (9) | 2.10 | 2000.0 | -30.69 | 24.61 | 29.94 | 12.32 | 7.88 | 1741.67 | 7.65 | 9.17 | 1681.03 | -15.48 | 7.26 | 1550.0 | -24.77 | 4.81 | 2086.36 | -37.61 | 1.97 | 936.84 | -36.25 | 0.26 | 23.81 | -16.13 | 12.96 | 197.93 | -9.5 | 165.69 | 10.07 | 0.02 | 85.84 | 4.92 | 27.24 | 14.16 | -22.12 | -56.48 | 18.23 | -13.85 | 7.49 |
| 21Q3 (8) | 0.10 | -91.45 | -93.71 | 18.94 | -17.47 | -6.47 | -0.48 | -109.13 | -113.33 | -0.58 | -110.27 | -108.35 | 0.44 | -91.62 | -93.72 | 0.22 | -91.82 | -94.95 | 0.19 | -84.68 | -89.84 | 0.21 | 0.0 | -16.0 | 4.35 | -59.57 | -61.98 | 150.53 | 9.02 | -0.12 | 81.82 | -11.64 | 57.79 | 18.18 | 180.52 | -62.24 | 21.16 | -2.49 | 12.31 |
| 21Q2 (7) | 1.17 | -43.75 | 685.0 | 22.95 | -2.96 | 48.64 | 5.26 | -47.35 | 765.82 | 5.65 | -39.89 | 378.33 | 5.25 | -36.52 | 520.0 | 2.69 | -45.55 | 571.93 | 1.24 | -39.51 | 1340.0 | 0.21 | -8.7 | 16.67 | 10.76 | -22.76 | 135.96 | 138.07 | -11.11 | -1.65 | 92.59 | -13.01 | 144.11 | 6.48 | 200.71 | -88.94 | 21.70 | 13.97 | 0 |
| 21Q1 (6) | 2.08 | -31.35 | 279.31 | 23.65 | 7.94 | 44.12 | 9.99 | 36.48 | 200.71 | 9.40 | -13.36 | 196.41 | 8.27 | -14.3 | 188.26 | 4.94 | -35.93 | 257.83 | 2.05 | -33.66 | 299.03 | 0.23 | -25.81 | 91.67 | 13.93 | -2.72 | 2543.86 | 155.33 | -6.23 | -2.93 | 106.44 | 57.76 | 4.41 | -6.44 | -119.78 | -231.44 | 19.04 | 12.26 | 0 |
| 20Q4 (5) | 3.03 | 90.57 | 56.99 | 21.91 | 8.2 | 3.5 | 7.32 | 103.33 | -14.08 | 10.85 | 56.12 | 23.3 | 9.65 | 37.66 | 30.94 | 7.71 | 76.83 | 47.98 | 3.09 | 65.24 | 50.0 | 0.31 | 24.0 | 19.23 | 14.32 | 25.17 | 7.51 | 165.65 | 9.91 | -10.18 | 67.47 | 30.11 | -30.41 | 32.53 | -32.43 | 968.21 | 16.96 | -9.98 | 13.07 |
| 20Q3 (4) | 1.59 | 895.0 | 0.0 | 20.25 | 31.15 | 0.0 | 3.60 | 555.7 | 0.0 | 6.95 | 442.36 | 0.0 | 7.01 | 660.8 | 0.0 | 4.36 | 864.91 | 0.0 | 1.87 | 1970.0 | 0.0 | 0.25 | 38.89 | 0.0 | 11.44 | 150.88 | 0.0 | 150.71 | 7.35 | 0.0 | 51.85 | 36.7 | 0.0 | 48.15 | -17.86 | 0.0 | 18.84 | 0 | 0.0 |
| 20Q2 (3) | -0.20 | 82.76 | 0.0 | 15.44 | -5.91 | 0.0 | -0.79 | 92.04 | 0.0 | -2.03 | 79.18 | 0.0 | -1.25 | 86.66 | 0.0 | -0.57 | 81.79 | 0.0 | -0.10 | 90.29 | 0.0 | 0.18 | 50.0 | 0.0 | 4.56 | 900.0 | 0.0 | 140.39 | -12.27 | 0.0 | 37.93 | -62.79 | 0.0 | 58.62 | 3118.97 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.16 | -160.1 | 0.0 | 16.41 | -22.48 | 0.0 | -9.92 | -216.43 | 0.0 | -9.75 | -210.8 | 0.0 | -9.37 | -227.14 | 0.0 | -3.13 | -160.08 | 0.0 | -1.03 | -150.0 | 0.0 | 0.12 | -53.85 | 0.0 | -0.57 | -104.28 | 0.0 | 160.02 | -13.24 | 0.0 | 101.94 | 5.14 | 0.0 | -1.94 | -163.75 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.93 | 0.0 | 0.0 | 21.17 | 0.0 | 0.0 | 8.52 | 0.0 | 0.0 | 8.80 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | 5.21 | 0.0 | 0.0 | 2.06 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 13.32 | 0.0 | 0.0 | 184.43 | 0.0 | 0.0 | 96.95 | 0.0 | 0.0 | 3.05 | 0.0 | 0.0 | 15.00 | 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) | 4.51 | -37.53 | 24.54 | 13.98 | 6.29 | -11.66 | 2.82 | -3.16 | 6.38 | -5.62 | 3.89 | -40.15 | 8.95 | -41.08 | 4.27 | -34.1 | 0.96 | 3.23 | 10.28 | -3.29 | 144.34 | 5.4 | 98.58 | -6.23 | 1.42 | 0 | 1.08 | -11.77 | 21.16 | 9.02 |
| 2022 (9) | 7.22 | 32.72 | 21.53 | -5.28 | 7.12 | 19.26 | 2.91 | -16.26 | 6.76 | 7.99 | 6.50 | 17.12 | 15.19 | 19.89 | 6.48 | 23.43 | 0.93 | 8.14 | 10.63 | -1.57 | 136.94 | -17.35 | 105.13 | 10.38 | -5.29 | 0 | 1.23 | 17.59 | 19.41 | -2.36 |
| 2021 (8) | 5.44 | 66.87 | 22.73 | 17.47 | 5.97 | 180.28 | 3.48 | -17.44 | 6.26 | 50.48 | 5.55 | 41.22 | 12.67 | 53.2 | 5.25 | 53.51 | 0.86 | 11.69 | 10.80 | 15.14 | 165.69 | 0.02 | 95.25 | 86.08 | 4.75 | -90.26 | 1.04 | 0.48 | 19.88 | 0.05 |
| 2020 (7) | 3.26 | 0 | 19.35 | 25.89 | 2.13 | 0 | 4.22 | -4.05 | 4.16 | 0 | 3.93 | 0 | 8.27 | 0 | 3.42 | 0 | 0.77 | -4.94 | 9.38 | 279.76 | 165.65 | -10.18 | 51.19 | -41.04 | 48.81 | 270.04 | 1.04 | -4.89 | 19.87 | -0.7 |
| 2019 (6) | -2.23 | 0 | 15.37 | -1.22 | -2.81 | 0 | 4.39 | 26.19 | -3.23 | 0 | -2.63 | 0 | -5.68 | 0 | -1.56 | 0 | 0.81 | 0.0 | 2.47 | 325.86 | 184.43 | 21.41 | 86.81 | 4.59 | 13.19 | -23.9 | 1.09 | -9.9 | 20.01 | -7.66 |
| 2018 (5) | -3.05 | 0 | 15.56 | -31.9 | -3.34 | 0 | 3.48 | 24.15 | -4.04 | 0 | -3.51 | 0 | -6.94 | 0 | -2.37 | 0 | 0.81 | 0.0 | 0.58 | -94.16 | 151.91 | 9.29 | 83.00 | -26.07 | 17.33 | 0 | 1.21 | 0 | 21.67 | 9.22 |
| 2017 (4) | 5.04 | -64.56 | 22.85 | -25.03 | 6.80 | -60.69 | 2.80 | 51.17 | 6.05 | -62.49 | 5.50 | -54.92 | 10.43 | -65.54 | 4.93 | -64.15 | 0.81 | -25.69 | 9.93 | -46.93 | 139.00 | 8.39 | 112.26 | 4.69 | -12.26 | 0 | 0.00 | 0 | 19.84 | 23.38 |
| 2016 (3) | 14.22 | 51.44 | 30.48 | -0.46 | 17.30 | 11.33 | 1.86 | -12.93 | 16.13 | 8.26 | 12.20 | 8.64 | 30.27 | 34.06 | 13.75 | 26.96 | 1.09 | 15.96 | 18.71 | 5.11 | 128.24 | 2.53 | 107.23 | 2.82 | -7.23 | 0 | 0.00 | 0 | 16.08 | -9.61 |
| 2015 (2) | 9.39 | 63.02 | 30.62 | -0.2 | 15.54 | 21.5 | 2.13 | -8.69 | 14.90 | 9.4 | 11.23 | 21.41 | 22.58 | 42.46 | 10.83 | 32.72 | 0.94 | 9.3 | 17.80 | 6.33 | 125.08 | 22.98 | 104.29 | 10.95 | -4.29 | 0 | 0.00 | 0 | 17.79 | -8.86 |
| 2014 (1) | 5.76 | 11.41 | 30.68 | 0 | 12.79 | 0 | 2.33 | -3.4 | 13.62 | 0 | 9.25 | 0 | 15.85 | 0 | 8.16 | 0 | 0.86 | -6.52 | 16.74 | 12.73 | 101.71 | 3.88 | 94.00 | 5.72 | 6.14 | -45.55 | 0.00 | 0 | 19.52 | 7.49 |
