- 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) | -0.93 | 0.0 | -420.69 | -1.96 | -325.29 | -109.94 | -24.12 | -118.68 | -320.21 | -17.23 | -151.9 | -343.02 | -17.96 | -17.54 | -502.69 | -2.93 | -1.03 | -453.01 | -1.09 | -6.86 | -305.66 | 0.07 | -12.5 | -12.5 | 0.60 | -92.91 | -97.3 | 124.41 | -7.41 | -11.05 | 141.18 | -11.76 | 276.47 | -40.00 | 33.33 | -122.22 | 31.20 | 32.94 | 3.62 |
| 24Q2 (19) | -0.93 | 45.61 | -190.63 | 0.87 | 104.11 | -95.68 | -11.03 | 79.95 | -286.32 | -6.84 | 85.72 | 1.3 | -15.28 | 44.62 | -268.19 | -2.90 | 43.36 | -225.84 | -1.02 | 47.42 | -410.0 | 0.08 | 0.0 | -11.11 | 8.46 | 126.14 | 57.25 | 134.37 | -5.58 | -8.49 | 160.00 | 39.75 | 289.09 | -60.00 | -304.29 | -132.5 | 23.47 | -5.52 | -18.76 |
| 24Q1 (18) | -1.71 | -14.77 | -497.67 | -21.18 | -237.8 | -190.01 | -55.02 | -92.58 | -862.05 | -47.90 | -12.65 | -737.82 | -27.59 | 9.87 | -601.64 | -5.12 | -20.75 | -541.38 | -1.94 | -22.01 | -398.46 | 0.08 | 33.33 | -11.11 | -32.37 | -43.8 | -264.31 | 142.31 | 3.04 | 3.12 | 114.49 | 70.0 | 18.81 | -14.84 | -145.45 | -508.13 | 24.84 | -34.65 | -25.18 |
| 23Q4 (17) | -1.49 | -613.79 | -673.08 | -6.27 | -131.81 | -123.71 | -28.57 | -397.74 | -403.61 | -42.52 | -699.72 | -1311.4 | -30.61 | -786.32 | -1021.99 | -4.24 | -610.84 | -697.18 | -1.59 | -400.0 | -445.65 | 0.06 | -25.0 | -33.33 | -22.51 | -201.31 | -250.77 | 138.11 | -1.25 | 4.65 | 67.35 | 184.18 | -74.62 | 32.65 | -81.86 | 119.74 | 38.01 | 26.24 | 11.79 |
| 23Q3 (16) | 0.29 | 190.62 | -74.56 | 19.71 | -2.09 | -29.96 | -5.74 | -196.96 | -142.11 | 7.09 | 202.31 | -57.44 | 4.46 | 207.47 | -64.26 | 0.83 | 193.26 | -74.22 | 0.53 | 365.0 | -64.43 | 0.08 | -11.11 | -27.27 | 22.22 | 313.01 | -14.41 | 139.86 | -4.75 | 2.01 | -80.00 | 5.45 | -197.63 | 180.00 | -2.5 | 896.92 | 30.11 | 4.22 | 16.71 |
| 23Q2 (15) | -0.32 | -174.42 | -156.14 | 20.13 | -14.45 | -20.93 | 5.92 | -18.01 | -46.76 | -6.93 | -192.28 | -180.96 | -4.15 | -175.45 | -176.15 | -0.89 | -176.72 | -154.94 | -0.20 | -130.77 | -124.39 | 0.09 | 0.0 | -30.77 | 5.38 | -72.69 | -67.69 | 146.83 | 6.4 | 7.71 | -84.62 | -187.81 | -165.38 | 184.62 | 4976.92 | 727.69 | 28.89 | -12.98 | 69.15 |
| 23Q1 (14) | 0.43 | 65.38 | -58.65 | 23.53 | -11.01 | -25.51 | 7.22 | -23.27 | -29.83 | 7.51 | 113.96 | -56.99 | 5.50 | 65.66 | -55.93 | 1.16 | 63.38 | -60.81 | 0.65 | 41.3 | -54.86 | 0.09 | 0.0 | -18.18 | 19.70 | 31.95 | -27.84 | 138.00 | 4.57 | 4.09 | 96.36 | -63.69 | 62.99 | 3.64 | 102.2 | -91.1 | 33.20 | -2.35 | -2.75 |
| 22Q4 (13) | 0.26 | -77.19 | -44.68 | 26.44 | -6.04 | 19.1 | 9.41 | -30.96 | 56.05 | 3.51 | -78.93 | -50.56 | 3.32 | -73.4 | -40.93 | 0.71 | -77.95 | -48.55 | 0.46 | -69.13 | -37.84 | 0.09 | -18.18 | -18.18 | 14.93 | -42.49 | -9.52 | 131.97 | -3.74 | 20.26 | 265.38 | 223.86 | 216.2 | -165.38 | -1015.98 | -1257.69 | 34.00 | 31.78 | 27.77 |
| 22Q3 (12) | 1.14 | 100.0 | -4.2 | 28.14 | 10.53 | -1.4 | 13.63 | 22.57 | -17.34 | 16.66 | 94.63 | 5.04 | 12.48 | 128.99 | 7.03 | 3.22 | 98.77 | -9.55 | 1.49 | 81.71 | -13.87 | 0.11 | -15.38 | -21.43 | 25.96 | 55.92 | 9.26 | 137.10 | 0.57 | 16.2 | 81.94 | -36.68 | -21.15 | 18.06 | 161.39 | 560.42 | 25.80 | 51.05 | 34.87 |
| 22Q2 (11) | 0.57 | -45.19 | -25.0 | 25.46 | -19.4 | -1.43 | 11.12 | 8.07 | -11.18 | 8.56 | -50.97 | -17.93 | 5.45 | -56.33 | -32.3 | 1.62 | -45.27 | -29.87 | 0.82 | -43.06 | -31.09 | 0.13 | 18.18 | -7.14 | 16.65 | -39.01 | -11.39 | 136.32 | 2.82 | 17.11 | 129.41 | 118.88 | 8.43 | -29.41 | -171.95 | -43.96 | 17.08 | -49.97 | -30.82 |
| 22Q1 (10) | 1.04 | 121.28 | 940.0 | 31.59 | 42.3 | 18.94 | 10.29 | 70.65 | 178.86 | 17.46 | 145.92 | 363.13 | 12.48 | 122.06 | 785.11 | 2.96 | 114.49 | 886.67 | 1.44 | 94.59 | 500.0 | 0.11 | 0.0 | 10.0 | 27.30 | 65.45 | 77.85 | 132.58 | 20.81 | 25.89 | 59.12 | -29.55 | -40.88 | 40.88 | 186.13 | 881.02 | 34.14 | 28.3 | 13.27 |
| 21Q4 (9) | 0.47 | -60.5 | 9.3 | 22.20 | -22.21 | -15.91 | 6.03 | -63.43 | -40.42 | 7.10 | -55.23 | -5.59 | 5.62 | -51.8 | 7.87 | 1.38 | -61.24 | 2.99 | 0.74 | -57.23 | -3.9 | 0.11 | -21.43 | -15.38 | 16.50 | -30.56 | -3.11 | 109.74 | -6.99 | 9.79 | 83.93 | -19.24 | -37.32 | 14.29 | 464.29 | 142.14 | 26.61 | 39.1 | 29.05 |
| 21Q3 (8) | 1.19 | 56.58 | 170.45 | 28.54 | 10.49 | 21.65 | 16.49 | 31.71 | 80.42 | 15.86 | 52.06 | 99.25 | 11.66 | 44.84 | 99.66 | 3.56 | 54.11 | 154.29 | 1.73 | 45.38 | 110.98 | 0.14 | 0.0 | 16.67 | 23.76 | 26.45 | 30.84 | 117.99 | 1.37 | 15.59 | 103.92 | -12.93 | -8.87 | -3.92 | 80.8 | 72.06 | 19.13 | -22.52 | -25.48 |
| 21Q2 (7) | 0.76 | 660.0 | 216.67 | 25.83 | -2.75 | 33.42 | 12.52 | 239.3 | 77.59 | 10.43 | 176.66 | 142.56 | 8.05 | 470.92 | 140.3 | 2.31 | 670.0 | 200.0 | 1.19 | 395.83 | 120.37 | 0.14 | 40.0 | 7.69 | 18.79 | 22.41 | 27.48 | 116.40 | 10.53 | 30.9 | 119.35 | 19.35 | -26.93 | -20.43 | -590.32 | 67.74 | 24.69 | -18.08 | 0 |
| 21Q1 (6) | 0.10 | -76.74 | 166.67 | 26.56 | 0.61 | 60.68 | 3.69 | -63.54 | 346.0 | 3.77 | -49.87 | 233.22 | 1.41 | -72.94 | 152.81 | 0.30 | -77.61 | 163.83 | 0.24 | -68.83 | 271.43 | 0.10 | -23.08 | 0.0 | 15.35 | -9.86 | 46.47 | 105.31 | 5.36 | 33.49 | 100.00 | -25.32 | 87.5 | 4.17 | 112.29 | -91.07 | 30.14 | 46.17 | 17.69 |
| 20Q4 (5) | 0.43 | -2.27 | 213.16 | 26.40 | 12.53 | 52.69 | 10.12 | 10.72 | 364.92 | 7.52 | -5.53 | 184.49 | 5.21 | -10.79 | 175.62 | 1.34 | -4.29 | 213.56 | 0.77 | -6.1 | 232.76 | 0.13 | 8.33 | 30.0 | 17.03 | -6.22 | 237.9 | 99.95 | -2.09 | 26.99 | 133.90 | 17.42 | 221.36 | -33.90 | -141.53 | -160.26 | 20.62 | -19.67 | -10.7 |
| 20Q3 (4) | 0.44 | 83.33 | 0.0 | 23.46 | 21.18 | 0.0 | 9.14 | 29.65 | 0.0 | 7.96 | 85.12 | 0.0 | 5.84 | 74.33 | 0.0 | 1.40 | 81.82 | 0.0 | 0.82 | 51.85 | 0.0 | 0.12 | -7.69 | 0.0 | 18.16 | 23.2 | 0.0 | 102.08 | 14.8 | 0.0 | 114.04 | -30.18 | 0.0 | -14.04 | 77.84 | 0.0 | 25.67 | 0 | 0.0 |
| 20Q2 (3) | 0.24 | 260.0 | 0.0 | 19.36 | 17.12 | 0.0 | 7.05 | 570.0 | 0.0 | 4.30 | 251.94 | 0.0 | 3.35 | 225.47 | 0.0 | 0.77 | 263.83 | 0.0 | 0.54 | 485.71 | 0.0 | 0.13 | 30.0 | 0.0 | 14.74 | 40.65 | 0.0 | 88.92 | 12.71 | 0.0 | 163.33 | 206.25 | 0.0 | -63.33 | -235.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.15 | 60.53 | 0.0 | 16.53 | -4.4 | 0.0 | -1.50 | 60.73 | 0.0 | -2.83 | 68.2 | 0.0 | -2.67 | 61.25 | 0.0 | -0.47 | 60.17 | 0.0 | -0.14 | 75.86 | 0.0 | 0.10 | 0.0 | 0.0 | 10.48 | 107.94 | 0.0 | 78.89 | 0.23 | 0.0 | 53.33 | 28.0 | 0.0 | 46.67 | -17.04 | 0.0 | 25.61 | 10.91 | 0.0 |
| 19Q4 (1) | -0.38 | 0.0 | 0.0 | 17.29 | 0.0 | 0.0 | -3.82 | 0.0 | 0.0 | -8.90 | 0.0 | 0.0 | -6.89 | 0.0 | 0.0 | -1.18 | 0.0 | 0.0 | -0.58 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 5.04 | 0.0 | 0.0 | 78.71 | 0.0 | 0.0 | 41.67 | 0.0 | 0.0 | 56.25 | 0.0 | 0.0 | 23.09 | 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) | -1.09 | 0 | 16.26 | -41.47 | -2.76 | 0 | 10.58 | 44.52 | -5.75 | 0 | -4.03 | 0 | -3.08 | 0 | -0.59 | 0 | 0.33 | -26.67 | 8.60 | -59.3 | 138.11 | 4.65 | 47.97 | -50.38 | 52.03 | 1464.81 | 0.36 | 16.24 | 32.06 | 18.87 |
| 2022 (9) | 3.02 | 19.84 | 27.78 | 7.26 | 11.20 | 7.69 | 7.32 | -1.44 | 11.59 | 16.83 | 8.42 | 16.62 | 8.44 | 12.23 | 4.36 | 7.39 | 0.45 | -11.76 | 21.13 | 11.21 | 131.97 | 20.26 | 96.68 | -7.85 | 3.32 | 0 | 0.31 | -15.23 | 26.97 | 9.68 |
| 2021 (8) | 2.52 | 162.5 | 25.90 | 18.37 | 10.40 | 53.39 | 7.43 | -14.85 | 9.92 | 108.4 | 7.22 | 116.17 | 7.52 | 153.2 | 4.06 | 101.99 | 0.51 | 8.51 | 19.00 | 23.06 | 109.74 | 9.79 | 104.91 | -26.68 | -4.91 | 0 | 0.37 | -20.01 | 24.59 | 3.23 |
| 2020 (7) | 0.96 | 0 | 21.88 | 20.09 | 6.78 | 0 | 8.72 | -26.45 | 4.76 | 0 | 3.34 | 0 | 2.97 | 0 | 2.01 | 0 | 0.47 | 27.03 | 15.44 | 39.1 | 99.95 | 26.99 | 143.08 | 169.32 | -42.31 | 0 | 0.46 | 21.0 | 23.82 | -1.04 |
| 2019 (6) | -0.64 | 0 | 18.22 | -47.99 | -1.63 | 0 | 11.86 | 100.67 | -3.05 | 0 | -2.92 | 0 | -1.86 | 0 | -0.70 | 0 | 0.37 | -47.14 | 11.10 | -62.65 | 78.71 | 20.52 | 53.12 | -45.77 | 46.88 | 2199.8 | 0.38 | 174.84 | 24.07 | 5.39 |
| 2018 (5) | 6.93 | 177.2 | 35.03 | 40.68 | 22.49 | 77.51 | 5.91 | -14.39 | 22.96 | 133.1 | 18.18 | 130.71 | 23.74 | 80.81 | 13.13 | 113.15 | 0.70 | -1.41 | 29.72 | 66.03 | 65.31 | -49.25 | 97.96 | -23.74 | 2.04 | 0 | 0.14 | 0 | 22.84 | 0.93 |
| 2017 (4) | 2.50 | 362.96 | 24.90 | 40.12 | 12.67 | 143.19 | 6.90 | -21.78 | 9.85 | 214.7 | 7.88 | 197.36 | 13.13 | 327.69 | 6.16 | 222.51 | 0.71 | 47.92 | 17.90 | 29.62 | 128.68 | -9.16 | 128.46 | -22.36 | -28.46 | 0 | 0.00 | 0 | 22.63 | -5.19 |
| 2016 (3) | 0.54 | 80.0 | 17.77 | 7.57 | 5.21 | 197.71 | 8.83 | 38.8 | 3.13 | 38.5 | 2.65 | 68.79 | 3.07 | 80.59 | 1.91 | 67.54 | 0.48 | 2.13 | 13.81 | 38.93 | 141.65 | 3.57 | 165.45 | 118.64 | -65.45 | 0 | 0.00 | 0 | 23.87 | 0.17 |
| 2015 (2) | 0.30 | -73.91 | 16.52 | -8.53 | 1.75 | -63.69 | 6.36 | 12.26 | 2.26 | -66.52 | 1.57 | -72.06 | 1.70 | -74.85 | 1.14 | -68.25 | 0.47 | -18.97 | 9.94 | -25.43 | 136.77 | 13.19 | 75.68 | 6.31 | 21.62 | -24.96 | 0.00 | 0 | 23.83 | 17.97 |
| 2014 (1) | 1.15 | 45.57 | 18.06 | 0 | 4.82 | 0 | 5.66 | 7.61 | 6.75 | 0 | 5.62 | 0 | 6.76 | 0 | 3.59 | 0 | 0.58 | -22.67 | 13.33 | 30.56 | 120.83 | 33.59 | 71.19 | -17.57 | 28.81 | 111.3 | 0.00 | 0 | 20.20 | 10.56 |
