- 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) | 1.08 | 8.0 | -5.26 | 34.83 | -9.27 | -11.91 | 9.85 | 23.28 | 11.8 | 8.63 | 1.41 | -19.65 | 6.90 | 1.92 | -19.67 | 3.33 | 4.39 | -17.98 | 1.97 | 7.07 | -16.53 | 0.25 | 8.7 | 0.0 | 12.70 | -1.47 | -14.07 | 98.79 | 6.75 | 25.54 | 113.89 | 21.08 | 39.33 | -13.89 | -333.8 | -176.06 | 13.58 | -6.99 | -8.24 |
| 24Q2 (19) | 1.00 | -72.38 | 56.25 | 38.39 | -0.34 | 3.34 | 7.99 | -56.76 | 35.19 | 8.51 | -53.45 | 23.51 | 6.77 | -52.42 | 29.45 | 3.19 | -73.53 | 34.6 | 1.84 | -69.02 | 33.33 | 0.23 | -41.03 | 0.0 | 12.89 | -38.68 | 17.4 | 92.54 | -22.61 | -9.46 | 94.06 | -6.94 | 10.28 | 5.94 | 655.45 | -59.6 | 14.60 | 51.14 | -4.45 |
| 24Q1 (18) | 3.62 | 251.46 | 81.0 | 38.52 | 1.24 | -2.26 | 18.48 | 62.25 | 23.53 | 18.28 | 100.88 | 29.55 | 14.23 | 111.44 | 30.55 | 12.05 | 242.33 | 70.92 | 5.94 | 180.19 | 55.91 | 0.39 | 44.44 | 21.88 | 21.02 | 59.24 | 22.85 | 119.57 | 6.5 | 21.32 | 101.07 | -19.14 | -4.44 | -1.07 | 95.72 | 81.46 | 9.66 | -25.81 | -21.08 |
| 23Q4 (17) | 1.03 | -9.65 | -41.81 | 38.05 | -3.77 | 0.45 | 11.39 | 29.28 | -23.3 | 9.10 | -15.27 | -34.06 | 6.73 | -21.65 | -35.04 | 3.52 | -13.3 | -39.1 | 2.12 | -10.17 | -35.37 | 0.27 | 8.0 | -6.9 | 13.20 | -10.69 | -24.27 | 112.27 | 42.67 | 12.42 | 125.00 | 52.93 | 15.81 | -25.00 | -236.9 | -237.5 | 13.02 | -12.03 | 1.4 |
| 23Q3 (16) | 1.14 | 78.12 | -4.2 | 39.54 | 6.43 | 6.89 | 8.81 | 49.07 | -4.34 | 10.74 | 55.88 | -3.59 | 8.59 | 64.24 | -2.39 | 4.06 | 71.31 | 4.64 | 2.36 | 71.01 | 6.31 | 0.25 | 8.7 | 8.7 | 14.78 | 34.61 | -0.34 | 78.69 | -23.01 | -2.97 | 81.74 | -4.17 | -1.1 | 18.26 | 24.17 | 5.22 | 14.80 | -3.14 | -0.34 |
| 23Q2 (15) | 0.64 | -68.0 | -39.62 | 37.15 | -5.73 | 2.51 | 5.91 | -60.49 | -29.56 | 6.89 | -51.17 | -26.47 | 5.23 | -52.02 | -30.36 | 2.37 | -66.38 | -34.53 | 1.38 | -63.78 | -25.41 | 0.23 | -28.12 | 4.55 | 10.98 | -35.83 | -16.18 | 102.21 | 3.7 | -3.54 | 85.29 | -19.36 | -4.83 | 14.71 | 354.9 | 41.71 | 15.28 | 24.84 | 10.17 |
| 23Q1 (14) | 2.00 | 12.99 | -33.77 | 39.41 | 4.04 | 16.87 | 14.96 | 0.74 | 12.4 | 14.11 | 2.25 | -7.29 | 10.90 | 5.21 | -8.48 | 7.05 | 21.97 | -33.62 | 3.81 | 16.16 | -21.77 | 0.32 | 10.34 | -20.0 | 17.11 | -1.84 | -0.23 | 98.56 | -1.31 | -21.5 | 105.77 | -2.01 | 20.99 | -5.77 | 22.12 | -145.86 | 12.24 | -4.67 | 26.84 |
| 22Q4 (13) | 1.77 | 48.74 | -18.06 | 37.88 | 2.41 | 19.76 | 14.85 | 61.24 | 51.84 | 13.80 | 23.88 | 41.1 | 10.36 | 17.73 | 6.91 | 5.78 | 48.97 | -17.78 | 3.28 | 47.75 | -13.46 | 0.29 | 26.09 | -14.71 | 17.43 | 17.53 | 30.37 | 99.87 | 23.14 | -18.57 | 107.94 | 30.6 | 7.94 | -7.41 | -142.68 | 0 | 12.84 | -13.54 | 25.02 |
| 22Q3 (12) | 1.19 | 12.26 | 124.53 | 36.99 | 2.07 | 16.39 | 9.21 | 9.77 | 121.39 | 11.14 | 18.89 | 189.35 | 8.80 | 17.18 | 146.5 | 3.88 | 7.18 | 94.0 | 2.22 | 20.0 | 122.0 | 0.23 | 4.55 | -8.0 | 14.83 | 13.21 | 115.87 | 81.10 | -23.46 | -20.99 | 82.64 | -7.79 | -22.63 | 17.36 | 67.24 | 290.91 | 14.85 | 7.07 | 3.85 |
| 22Q2 (11) | 1.06 | -64.9 | -47.52 | 36.24 | 7.47 | -11.09 | 8.39 | -36.96 | -47.37 | 9.37 | -38.44 | -37.32 | 7.51 | -36.94 | -47.7 | 3.62 | -65.91 | -59.6 | 1.85 | -62.01 | -43.94 | 0.22 | -45.0 | 0.0 | 13.10 | -23.62 | -28.38 | 105.96 | -15.61 | -33.16 | 89.62 | 2.52 | -15.91 | 10.38 | -17.51 | 257.74 | 13.87 | 43.73 | 16.95 |
| 22Q1 (10) | 3.02 | 39.81 | -6.5 | 33.72 | 6.61 | -12.46 | 13.31 | 36.09 | -23.02 | 15.22 | 55.62 | -8.15 | 11.91 | 22.91 | -24.91 | 10.62 | 51.07 | -28.19 | 4.87 | 28.5 | -6.17 | 0.40 | 17.65 | 25.0 | 17.15 | 28.27 | -10.02 | 125.56 | 2.38 | -38.8 | 87.42 | -12.58 | -16.35 | 12.58 | 0 | 379.06 | 9.65 | -6.04 | -5.11 |
| 21Q4 (9) | 2.16 | 307.55 | -28.0 | 31.63 | -0.47 | -16.59 | 9.78 | 135.1 | -55.32 | 9.78 | 154.03 | -51.82 | 9.69 | 171.43 | -51.11 | 7.03 | 251.5 | -49.46 | 3.79 | 279.0 | -28.22 | 0.34 | 36.0 | 30.77 | 13.37 | 94.61 | -42.99 | 122.64 | 19.49 | -32.43 | 100.00 | -6.38 | -7.5 | 0.00 | 100.0 | 100.0 | 10.27 | -28.18 | 5.33 |
| 21Q3 (8) | 0.53 | -73.76 | -70.88 | 31.78 | -22.03 | -23.13 | 4.16 | -73.9 | -71.74 | 3.85 | -74.25 | -72.3 | 3.57 | -75.14 | -72.69 | 2.00 | -77.68 | -77.6 | 1.00 | -69.7 | -71.01 | 0.25 | 13.64 | -3.85 | 6.87 | -62.44 | -59.42 | 102.64 | -35.25 | -35.43 | 106.82 | 0.22 | 0.37 | -9.09 | -38.18 | -59.09 | 14.30 | 20.57 | -3.9 |
| 21Q2 (7) | 2.02 | -37.46 | 53.03 | 40.76 | 5.82 | -2.72 | 15.94 | -7.81 | 28.03 | 14.95 | -9.78 | 21.35 | 14.36 | -9.46 | 23.47 | 8.96 | -39.42 | 30.23 | 3.30 | -36.42 | 35.8 | 0.22 | -31.25 | 10.0 | 18.29 | -4.04 | 12.76 | 158.52 | -22.73 | -7.3 | 106.58 | 1.98 | 5.53 | -6.58 | -45.93 | -564.47 | 11.86 | 16.62 | 0 |
| 21Q1 (6) | 3.23 | 7.67 | -16.32 | 38.52 | 1.58 | -5.61 | 17.29 | -21.01 | -10.69 | 16.57 | -18.37 | -13.74 | 15.86 | -19.98 | -14.69 | 14.79 | 6.33 | -36.0 | 5.19 | -1.7 | -18.27 | 0.32 | 23.08 | -3.03 | 19.06 | -18.72 | -12.13 | 205.16 | 13.04 | -7.06 | 104.51 | -3.33 | 3.79 | -4.51 | 41.13 | -551.43 | 10.17 | 4.31 | 32.08 |
| 20Q4 (5) | 3.00 | 64.84 | 2.39 | 37.92 | -8.27 | 0.0 | 21.89 | 48.71 | 94.06 | 20.30 | 46.04 | 92.97 | 19.82 | 51.64 | 16.11 | 13.91 | 55.77 | -31.95 | 5.28 | 53.04 | 15.79 | 0.26 | 0.0 | 0.0 | 23.45 | 38.51 | 62.85 | 181.50 | 14.18 | -46.85 | 108.11 | 1.58 | 0.57 | -7.66 | -34.01 | -2.1 | 9.75 | -34.48 | 117.63 |
| 20Q3 (4) | 1.82 | 37.88 | 0.0 | 41.34 | -1.34 | 0.0 | 14.72 | 18.23 | 0.0 | 13.90 | 12.82 | 0.0 | 13.07 | 12.38 | 0.0 | 8.93 | 29.8 | 0.0 | 3.45 | 41.98 | 0.0 | 0.26 | 30.0 | 0.0 | 16.93 | 4.38 | 0.0 | 158.96 | -7.05 | 0.0 | 106.43 | 5.39 | 0.0 | -5.71 | -477.14 | 0.0 | 14.88 | 0 | 0.0 |
| 20Q2 (3) | 1.32 | -65.8 | 0.0 | 41.90 | 2.67 | 0.0 | 12.45 | -35.69 | 0.0 | 12.32 | -35.87 | 0.0 | 11.63 | -37.44 | 0.0 | 6.88 | -70.23 | 0.0 | 2.43 | -61.73 | 0.0 | 0.20 | -39.39 | 0.0 | 16.22 | -25.22 | 0.0 | 171.01 | -22.53 | 0.0 | 100.99 | 0.3 | 0.0 | -0.99 | -43.07 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 3.86 | 31.74 | 0.0 | 40.81 | 7.62 | 0.0 | 19.36 | 71.63 | 0.0 | 19.21 | 82.6 | 0.0 | 18.59 | 8.9 | 0.0 | 23.11 | 13.06 | 0.0 | 6.35 | 39.25 | 0.0 | 0.33 | 26.92 | 0.0 | 21.69 | 50.63 | 0.0 | 220.74 | -35.35 | 0.0 | 100.69 | -6.33 | 0.0 | -0.69 | 90.77 | 0.0 | 7.70 | 71.87 | 0.0 |
| 19Q4 (1) | 2.93 | 0.0 | 0.0 | 37.92 | 0.0 | 0.0 | 11.28 | 0.0 | 0.0 | 10.52 | 0.0 | 0.0 | 17.07 | 0.0 | 0.0 | 20.44 | 0.0 | 0.0 | 4.56 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 14.40 | 0.0 | 0.0 | 341.46 | 0.0 | 0.0 | 107.50 | 0.0 | 0.0 | -7.50 | 0.0 | 0.0 | 4.48 | 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) | 4.81 | -31.58 | 38.62 | 7.67 | 10.78 | -9.41 | 1.98 | 27.8 | 10.56 | -18.2 | 8.13 | -19.1 | 16.25 | -32.77 | 8.82 | -27.65 | 0.97 | -14.91 | 14.31 | -10.34 | 112.27 | 12.42 | 101.99 | 10.68 | -1.99 | 0 | 20.02 | -6.77 | 13.65 | 11.16 |
| 2022 (9) | 7.03 | -9.17 | 35.87 | 1.53 | 11.90 | 0.42 | 1.55 | 22.48 | 12.91 | 13.35 | 10.05 | -8.55 | 24.17 | -19.59 | 12.19 | -6.37 | 1.14 | 2.7 | 15.96 | 10.07 | 99.87 | -18.57 | 92.15 | -11.37 | 7.71 | 0 | 21.48 | 3.98 | 12.28 | 7.62 |
| 2021 (8) | 7.74 | -22.68 | 35.33 | -12.59 | 11.85 | -32.86 | 1.26 | -8.25 | 11.39 | -32.96 | 10.99 | -32.78 | 30.06 | -44.55 | 13.02 | -19.23 | 1.11 | 15.63 | 14.50 | -27.61 | 122.64 | -32.43 | 103.97 | -0.02 | -3.97 | 0 | 20.65 | -15.41 | 11.41 | -2.31 |
| 2020 (7) | 10.01 | 208.0 | 40.42 | 6.65 | 17.65 | 104.05 | 1.38 | -16.87 | 16.99 | 98.48 | 16.35 | 27.04 | 54.21 | 101.97 | 16.12 | 87.01 | 0.96 | 52.38 | 20.03 | 61.92 | 181.50 | -46.85 | 103.99 | 3.28 | -3.86 | 0 | 24.42 | -2.97 | 11.68 | -36.56 |
| 2019 (6) | 3.25 | 0 | 37.90 | 0 | 8.65 | 0 | 1.66 | -95.2 | 8.56 | 671.17 | 12.87 | 1059.46 | 26.84 | 44633.33 | 8.62 | 14266.67 | 0.63 | 1160.0 | 12.37 | -64.12 | 341.46 | 1994.85 | 100.69 | 0 | -0.69 | 0 | 25.16 | 0 | 18.41 | -80.84 |
| 2018 (5) | 0.00 | 0 | -43.84 | 0 | -213.36 | 0 | 34.48 | -32.36 | 1.11 | 0 | 1.11 | 0 | 0.06 | 0 | 0.06 | 0 | 0.05 | -16.67 | 34.48 | 0 | 16.30 | 22.74 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 96.07 | 12.85 |
| 2017 (4) | -2.97 | 0 | -122.12 | 0 | -343.87 | 0 | 50.98 | 642.21 | -399.55 | 0 | -448.54 | 0 | -34.66 | 0 | -26.14 | 0 | 0.06 | -86.36 | -347.06 | 0 | 13.28 | -70.69 | 85.85 | 11.17 | 14.15 | -37.88 | 0.00 | 0 | 85.13 | 388.13 |
| 2016 (3) | -0.96 | 0 | -0.01 | 0 | -15.85 | 0 | 6.87 | -3.43 | -20.41 | 0 | -20.41 | 0 | -13.52 | 0 | -8.37 | 0 | 0.44 | -22.81 | -11.72 | 0 | 45.31 | -22.01 | 77.23 | -37.25 | 22.77 | 0 | 0.00 | 0 | 17.44 | -16.23 |
| 2015 (2) | -0.59 | 0 | 5.99 | 0 | -11.41 | 0 | 7.11 | -54.87 | -9.26 | 0 | -9.26 | 0 | -8.66 | 0 | -4.67 | 0 | 0.57 | 1.79 | -0.28 | 0 | 58.10 | -14.19 | 123.08 | 160.29 | -23.08 | 0 | 0.00 | 0 | 20.82 | 7.6 |
| 2014 (1) | -3.54 | 0 | -1.04 | 0 | -17.19 | 0 | 15.76 | 7.65 | -36.34 | 0 | -45.46 | 0 | -39.66 | 0 | -24.75 | 0 | 0.56 | 3.7 | -19.00 | 0 | 67.71 | 35.77 | 47.28 | -39.46 | 52.72 | 140.73 | 0.00 | 0 | 19.35 | 6.03 |
