- 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) | 0.26 | -63.38 | -31.58 | 16.14 | -9.17 | -10.73 | 5.97 | -30.9 | 7.76 | 5.11 | -55.21 | -45.75 | 4.26 | -54.58 | -47.86 | 1.36 | -62.53 | -36.45 | 0.70 | -55.7 | -27.08 | 0.12 | -20.0 | 20.0 | 10.33 | -34.62 | -31.0 | 162.93 | 5.58 | 10.16 | 116.67 | 53.97 | 98.67 | -16.67 | -168.79 | -140.38 | 10.42 | 24.2 | -19.6 |
| 24Q2 (19) | 0.71 | 136.67 | 73.17 | 17.77 | -3.21 | 5.52 | 8.64 | 58.53 | 54.56 | 11.41 | 42.98 | 6.24 | 9.38 | 39.58 | 7.69 | 3.63 | 122.7 | 56.47 | 1.58 | 102.56 | 51.92 | 0.15 | 50.0 | 36.36 | 15.80 | 8.44 | -4.07 | 154.32 | -4.9 | 0.9 | 75.77 | 10.95 | 45.85 | 24.23 | -23.59 | -49.58 | 8.39 | -38.8 | -32.01 |
| 24Q1 (18) | 0.30 | -14.29 | 100.0 | 18.36 | 16.5 | 19.77 | 5.45 | 10.55 | 27.04 | 7.98 | 35.71 | 83.45 | 6.72 | 19.79 | 94.22 | 1.63 | -9.44 | 87.36 | 0.78 | -10.34 | 65.96 | 0.10 | -23.08 | 0.0 | 14.57 | 34.29 | 37.32 | 162.27 | 11.86 | 5.76 | 68.29 | -18.6 | -30.62 | 31.71 | 96.92 | 1929.27 | 13.71 | 34.28 | 8.29 |
| 23Q4 (17) | 0.35 | -7.89 | -12.5 | 15.76 | -12.83 | -7.18 | 4.93 | -11.01 | 4.67 | 5.88 | -37.58 | 107.04 | 5.61 | -31.33 | -34.31 | 1.80 | -15.89 | 87.5 | 0.87 | -9.37 | 81.25 | 0.13 | 30.0 | 30.0 | 10.85 | -27.52 | 22.88 | 145.06 | -1.92 | -3.11 | 83.90 | 42.87 | -49.43 | 16.10 | -60.99 | 124.43 | 10.21 | -21.22 | -22.24 |
| 23Q3 (16) | 0.38 | -7.32 | -11.63 | 18.08 | 7.36 | 1.57 | 5.54 | -0.89 | -22.08 | 9.42 | -12.29 | -21.57 | 8.17 | -6.2 | 2.38 | 2.14 | -7.76 | -32.7 | 0.96 | -7.69 | -26.15 | 0.10 | -9.09 | -16.67 | 14.97 | -9.11 | -14.11 | 147.90 | -3.3 | -10.72 | 58.72 | 13.04 | -0.66 | 41.28 | -14.1 | 0.95 | 12.96 | 5.02 | 22.03 |
| 23Q2 (15) | 0.41 | 173.33 | 20.59 | 16.84 | 9.85 | -8.92 | 5.59 | 30.3 | -35.45 | 10.74 | 146.9 | 5.81 | 8.71 | 151.73 | 56.09 | 2.32 | 166.67 | -18.88 | 1.04 | 121.28 | -7.14 | 0.11 | 10.0 | -15.38 | 16.47 | 55.23 | 11.59 | 152.94 | -0.32 | -13.87 | 51.95 | -47.22 | -39.17 | 48.05 | 2975.08 | 229.25 | 12.34 | -2.53 | 25.03 |
| 23Q1 (14) | 0.15 | -62.5 | -72.73 | 15.33 | -9.72 | -10.92 | 4.29 | -8.92 | -43.33 | 4.35 | 53.17 | -60.74 | 3.46 | -59.48 | -61.47 | 0.87 | -9.37 | -72.9 | 0.47 | -2.08 | -62.4 | 0.10 | 0.0 | -23.08 | 10.61 | 20.16 | -33.27 | 153.43 | 2.48 | -16.62 | 98.44 | -40.67 | 44.31 | 1.56 | 102.37 | -95.08 | 12.66 | -3.58 | 27.49 |
| 22Q4 (13) | 0.40 | -6.98 | 81.82 | 16.98 | -4.61 | 10.76 | 4.71 | -33.76 | -18.51 | 2.84 | -76.35 | -50.18 | 8.54 | 7.02 | 150.44 | 0.96 | -69.81 | -53.85 | 0.48 | -63.08 | -44.83 | 0.10 | -16.67 | -28.57 | 8.83 | -49.34 | -15.42 | 149.71 | -9.63 | -14.53 | 165.91 | 180.67 | 63.22 | -65.91 | -261.19 | -5238.64 | 13.13 | 23.63 | 28.73 |
| 22Q3 (12) | 0.43 | 26.47 | 137.72 | 17.80 | -3.73 | 1.54 | 7.11 | -17.9 | -20.65 | 12.01 | 18.33 | 33.0 | 7.98 | 43.01 | 145.57 | 3.18 | 11.19 | 6.71 | 1.30 | 16.07 | 10.17 | 0.12 | -7.69 | -14.29 | 17.43 | 18.09 | 26.86 | 165.66 | -6.7 | -8.76 | 59.11 | -30.79 | -40.43 | 40.89 | 180.18 | 5269.94 | 10.62 | 7.6 | 13.83 |
| 22Q2 (11) | 0.34 | -38.18 | -56.96 | 18.49 | 7.44 | 0.6 | 8.66 | 14.4 | -2.59 | 10.15 | -8.39 | -1.17 | 5.58 | -37.86 | -44.42 | 2.86 | -10.9 | -31.25 | 1.12 | -10.4 | -30.0 | 0.13 | 0.0 | -13.33 | 14.76 | -7.17 | 0.48 | 177.56 | -3.51 | 2.05 | 85.41 | 25.21 | -1.29 | 14.59 | -54.09 | 8.31 | 9.87 | -0.6 | 13.84 |
| 22Q1 (10) | 0.55 | 150.0 | -69.95 | 17.21 | 12.26 | 5.91 | 7.57 | 30.97 | 16.64 | 11.08 | 94.39 | -61.01 | 8.98 | 163.34 | -64.76 | 3.21 | 54.33 | -66.8 | 1.25 | 43.68 | -64.18 | 0.13 | -7.14 | 0.0 | 15.90 | 52.3 | -53.44 | 184.01 | 5.05 | 0.7 | 68.21 | -32.89 | 198.17 | 31.79 | 2674.71 | -58.78 | 9.93 | -2.65 | -0.1 |
| 21Q4 (9) | 0.22 | 119.3 | 128.95 | 15.33 | -12.55 | -4.84 | 5.78 | -35.49 | 22.72 | 5.70 | -36.88 | 153.07 | 3.41 | 119.47 | 129.2 | 2.08 | -30.2 | 144.64 | 0.87 | -26.27 | 163.04 | 0.14 | 0.0 | 7.69 | 10.44 | -24.02 | 307.97 | 175.16 | -3.53 | -11.91 | 101.65 | 2.43 | 331.41 | -1.23 | -262.14 | -100.86 | 10.20 | 9.32 | -1.92 |
| 21Q3 (8) | -1.14 | -244.3 | -157.0 | 17.53 | -4.62 | -2.29 | 8.96 | 0.79 | 27.09 | 9.03 | -12.07 | -71.59 | -17.51 | -274.4 | -158.35 | 2.98 | -28.37 | -73.3 | 1.18 | -26.25 | -66.29 | 0.14 | -6.67 | 27.27 | 13.74 | -6.47 | -63.96 | 181.56 | 4.35 | -12.9 | 99.24 | 14.69 | 346.77 | 0.76 | -94.35 | -99.02 | 9.33 | 7.61 | -14.33 |
| 21Q2 (7) | 0.79 | -56.83 | 23.44 | 18.38 | 13.11 | 5.57 | 8.89 | 36.98 | 42.01 | 10.27 | -63.86 | -14.63 | 10.04 | -60.6 | -8.39 | 4.16 | -56.98 | 5.58 | 1.60 | -54.15 | 25.98 | 0.15 | 15.38 | 50.0 | 14.69 | -56.98 | -28.45 | 173.99 | -4.78 | -33.77 | 86.53 | 278.21 | 66.66 | 13.47 | -82.53 | -71.98 | 8.67 | -12.78 | 0 |
| 21Q1 (6) | 1.83 | 340.79 | 638.24 | 16.25 | 0.87 | 13.16 | 6.49 | 37.79 | 191.03 | 28.42 | 364.62 | 695.81 | 25.48 | 318.15 | 547.02 | 9.67 | 307.51 | 598.45 | 3.49 | 352.9 | 1190.62 | 0.13 | 0.0 | 30.0 | 34.15 | 780.28 | 642.39 | 182.73 | -8.11 | -30.82 | 22.88 | 152.08 | 149.35 | 77.12 | -46.41 | -47.31 | 9.94 | -4.42 | -16.82 |
| 20Q4 (5) | -0.76 | -138.0 | 28.97 | 16.11 | -10.2 | 32.59 | 4.71 | -33.19 | 224.83 | -10.74 | -133.79 | 31.02 | -11.68 | -138.92 | 21.45 | -4.66 | -141.76 | 25.2 | -1.38 | -139.43 | 9.8 | 0.13 | 18.18 | 8.33 | -5.02 | -113.17 | 34.12 | 198.85 | -4.6 | -19.72 | -43.93 | -297.75 | -369.03 | 143.93 | 84.81 | 31.79 | 10.40 | -4.5 | 0 |
| 20Q3 (4) | 2.00 | 212.5 | 0.0 | 17.94 | 3.04 | 0.0 | 7.05 | 12.62 | 0.0 | 31.78 | 164.17 | 0.0 | 30.01 | 173.81 | 0.0 | 11.16 | 183.25 | 0.0 | 3.50 | 175.59 | 0.0 | 0.11 | 10.0 | 0.0 | 38.12 | 85.68 | 0.0 | 208.44 | -20.66 | 0.0 | 22.21 | -57.22 | 0.0 | 77.88 | 61.97 | 0.0 | 10.89 | 0 | 0.0 |
| 20Q2 (3) | 0.64 | 288.24 | 0.0 | 17.41 | 21.24 | 0.0 | 6.26 | 180.72 | 0.0 | 12.03 | 352.2 | 0.0 | 10.96 | 292.28 | 0.0 | 3.94 | 303.09 | 0.0 | 1.27 | 496.88 | 0.0 | 0.10 | 0.0 | 0.0 | 20.53 | 346.3 | 0.0 | 262.71 | -0.55 | 0.0 | 51.92 | 211.99 | 0.0 | 48.08 | -67.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.34 | 68.22 | 0.0 | 14.36 | 18.19 | 0.0 | 2.23 | 53.79 | 0.0 | -4.77 | 69.36 | 0.0 | -5.70 | 61.67 | 0.0 | -1.94 | 68.86 | 0.0 | -0.32 | 79.08 | 0.0 | 0.10 | -16.67 | 0.0 | 4.60 | 160.37 | 0.0 | 264.15 | 6.64 | 0.0 | -46.36 | -395.01 | 0.0 | 146.36 | 34.02 | 0.0 | 11.95 | 0 | 0.0 |
| 19Q4 (1) | -1.07 | 0.0 | 0.0 | 12.15 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | -15.57 | 0.0 | 0.0 | -14.87 | 0.0 | 0.0 | -6.23 | 0.0 | 0.0 | -1.53 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | -7.62 | 0.0 | 0.0 | 247.71 | 0.0 | 0.0 | -9.37 | 0.0 | 0.0 | 109.21 | 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) | 1.30 | -24.42 | 16.47 | -6.74 | 5.09 | -28.91 | 4.15 | 4.29 | 7.53 | -19.03 | 6.47 | -15.86 | 6.98 | -29.42 | 3.31 | -21.56 | 0.44 | -10.2 | 13.10 | -9.41 | 145.06 | -3.11 | 67.64 | -12.07 | 32.46 | 40.67 | 0.60 | -5.21 | 11.91 | 10.69 |
| 2022 (9) | 1.72 | 17.01 | 17.66 | 4.37 | 7.16 | -5.67 | 3.98 | 6.7 | 9.30 | -28.35 | 7.69 | 55.35 | 9.89 | -48.81 | 4.22 | -41.71 | 0.49 | -14.04 | 14.46 | -19.04 | 149.71 | -14.53 | 76.92 | 31.55 | 23.08 | -44.49 | 0.63 | 10.32 | 10.76 | 13.14 |
| 2021 (8) | 1.47 | -2.65 | 16.92 | 2.67 | 7.59 | 48.53 | 3.73 | -27.12 | 12.98 | 92.01 | 4.95 | -11.29 | 19.32 | 142.41 | 7.24 | 124.84 | 0.57 | 29.55 | 17.86 | 26.49 | 175.16 | -11.91 | 58.48 | -22.55 | 41.57 | 69.7 | 0.57 | -8.44 | 9.51 | -14.01 |
| 2020 (7) | 1.51 | 0 | 16.48 | 41.46 | 5.11 | 265.0 | 5.12 | -8.71 | 6.76 | 0 | 5.58 | 0 | 7.97 | 0 | 3.22 | 0 | 0.44 | -10.2 | 14.12 | 146.42 | 198.85 | -19.72 | 75.50 | 0 | 24.50 | -83.8 | 0.62 | -23.11 | 11.06 | 14.37 |
| 2019 (6) | -0.99 | 0 | 11.65 | 0.95 | 1.40 | -52.22 | 5.61 | 30.67 | -2.73 | 0 | -3.49 | 0 | -5.96 | 0 | -0.61 | 0 | 0.49 | -14.04 | 5.73 | -47.24 | 247.71 | -2.73 | -51.25 | 0 | 151.25 | 449.99 | 0.81 | 4.49 | 9.67 | 17.78 |
| 2018 (5) | 1.11 | -14.62 | 11.54 | -14.07 | 2.93 | -32.49 | 4.29 | 4.53 | 4.04 | 1.51 | 2.66 | -19.15 | 5.61 | -11.23 | 2.65 | -9.25 | 0.57 | 9.62 | 10.86 | 0.0 | 254.65 | -11.39 | 72.50 | -33.57 | 27.50 | 0 | 0.78 | 9.71 | 8.21 | -6.06 |
| 2017 (4) | 1.30 | 0 | 13.43 | 7.96 | 4.34 | 50.69 | 4.10 | 5.68 | 3.98 | 0 | 3.29 | 0 | 6.32 | 0 | 2.92 | 711.11 | 0.52 | 0.0 | 10.86 | 82.52 | 287.38 | 15.87 | 109.14 | 0 | -9.14 | 0 | 0.71 | 0 | 8.74 | -3.0 |
| 2016 (3) | -0.22 | 0 | 12.44 | 2.64 | 2.88 | 26.32 | 3.88 | 15.4 | -0.20 | 0 | -1.16 | 0 | -1.98 | 0 | 0.36 | -81.44 | 0.52 | 6.12 | 5.95 | -34.47 | 248.02 | 17.19 | -1462.16 | 0 | 1562.16 | 3450.82 | 0.00 | 0 | 9.01 | 1.01 |
| 2015 (2) | 0.73 | 508.33 | 12.12 | 16.76 | 2.28 | 32.56 | 3.37 | 24.85 | 4.08 | 39.73 | 2.62 | 28.43 | 3.82 | 10.4 | 1.94 | 0.0 | 0.49 | -19.67 | 9.08 | 28.61 | 211.64 | 13.74 | 56.01 | -4.81 | 43.99 | 6.87 | 0.00 | 0 | 8.92 | 17.06 |
| 2014 (1) | 0.12 | -92.86 | 10.38 | 0 | 1.72 | 0 | 2.70 | 3.29 | 2.92 | 0 | 2.04 | 0 | 3.46 | 0 | 1.94 | 0 | 0.61 | -14.08 | 7.06 | -28.61 | 186.08 | 9.83 | 58.83 | -36.15 | 41.17 | 423.98 | 0.00 | 0 | 7.62 | 5.39 |
