- 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) | 0.56 | -9.68 | 51.35 | 33.01 | 19.6 | 10.0 | 10.77 | 145.89 | 1053.1 | 5.17 | -49.11 | -29.18 | 7.36 | -17.67 | 15.36 | 2.25 | -11.76 | 50.0 | 1.48 | -14.45 | 35.78 | 0.19 | 5.56 | 18.75 | 11.52 | -33.49 | -23.66 | 57.24 | 0.46 | 22.13 | 207.14 | 389.61 | 1653.57 | -107.14 | -285.71 | -189.29 | 19.16 | -0.83 | -19.6 |
| 24Q2 (19) | 0.62 | 513.33 | 8.77 | 27.60 | 68.7 | -10.04 | 4.38 | 128.04 | -30.03 | 10.16 | 444.41 | 26.37 | 8.94 | 417.02 | 10.23 | 2.55 | 511.29 | 11.84 | 1.73 | 567.57 | 9.49 | 0.18 | 20.0 | -5.26 | 17.32 | 181.63 | 23.19 | 56.98 | 7.47 | 13.06 | 42.31 | -91.54 | -44.47 | 57.69 | 113.85 | 142.31 | 19.32 | -26.26 | -9.72 |
| 24Q1 (18) | -0.15 | 65.91 | -122.39 | 16.36 | -36.02 | -49.51 | -15.62 | -30.82 | -302.59 | -2.95 | 77.1 | -129.65 | -2.82 | 73.04 | -129.38 | -0.62 | 65.56 | -123.22 | -0.37 | 68.64 | -119.68 | 0.15 | 25.0 | -21.05 | 6.15 | 338.37 | -61.61 | 53.02 | 34.26 | 33.72 | 500.00 | 455.56 | 525.0 | -416.67 | -8433.33 | -1836.11 | 26.20 | -21.86 | 21.97 |
| 23Q4 (17) | -0.44 | -218.92 | -184.62 | 25.57 | -14.8 | -25.58 | -11.94 | -956.64 | -189.1 | -12.88 | -276.44 | -243.59 | -10.46 | -263.95 | -258.25 | -1.80 | -220.0 | -187.8 | -1.18 | -208.26 | -184.89 | 0.12 | -25.0 | -42.86 | -2.58 | -117.1 | -116.83 | 39.49 | -15.75 | -15.66 | 90.00 | 775.0 | -38.42 | 5.00 | -95.83 | 110.0 | 33.53 | 40.7 | 60.51 |
| 23Q3 (16) | 0.37 | -35.09 | -61.46 | 30.01 | -2.18 | -0.96 | -1.13 | -118.05 | -111.58 | 7.30 | -9.2 | -48.15 | 6.38 | -21.33 | -46.02 | 1.50 | -34.21 | -60.53 | 1.09 | -31.01 | -56.05 | 0.16 | -15.79 | -23.81 | 15.09 | 7.33 | -24.81 | 46.87 | -7.0 | -10.89 | -13.33 | -117.5 | -119.31 | 120.00 | 404.0 | 287.69 | 23.83 | 11.36 | 23.54 |
| 23Q2 (15) | 0.57 | -14.93 | -8.06 | 30.68 | -5.31 | 7.09 | 6.26 | -18.81 | -43.91 | 8.04 | -19.2 | -30.69 | 8.11 | -15.52 | 16.52 | 2.28 | -14.61 | -4.6 | 1.58 | -15.96 | 3.27 | 0.19 | 0.0 | -13.64 | 14.06 | -12.23 | -17.63 | 50.40 | 27.11 | -9.74 | 76.19 | -4.76 | -21.75 | 23.81 | -0.79 | 804.76 | 21.40 | -0.37 | 20.63 |
| 23Q1 (14) | 0.67 | 28.85 | 3.08 | 32.40 | -5.7 | 26.27 | 7.71 | -42.46 | 80.14 | 9.95 | 10.93 | -6.66 | 9.60 | 45.23 | 14.97 | 2.67 | 30.24 | 7.23 | 1.88 | 35.25 | 24.5 | 0.19 | -9.52 | 5.56 | 16.02 | 4.5 | -4.19 | 39.65 | -15.31 | -33.44 | 80.00 | -45.26 | 106.67 | 24.00 | 148.0 | -58.67 | 21.48 | 2.82 | 3.27 |
| 22Q4 (13) | 0.52 | -45.83 | -26.76 | 34.36 | 13.4 | 48.81 | 13.40 | 37.3 | 107.75 | 8.97 | -36.29 | 12.55 | 6.61 | -44.08 | -5.84 | 2.05 | -46.05 | -25.45 | 1.39 | -43.95 | -10.9 | 0.21 | 0.0 | -4.55 | 15.33 | -23.62 | 17.2 | 46.82 | -10.99 | -39.99 | 146.15 | 111.67 | 76.6 | -50.00 | -261.54 | -341.67 | 20.89 | 8.29 | 118.97 |
| 22Q3 (12) | 0.96 | 54.84 | -5.88 | 30.30 | 5.76 | 5.98 | 9.76 | -12.54 | -27.0 | 14.08 | 21.38 | 17.24 | 11.82 | 69.83 | 22.61 | 3.80 | 59.0 | -0.26 | 2.48 | 62.09 | 22.17 | 0.21 | -4.55 | 0.0 | 20.07 | 17.57 | 18.9 | 52.60 | -5.8 | -35.06 | 69.05 | -29.09 | -37.72 | 30.95 | 1076.19 | 384.76 | 19.29 | 8.74 | -5.02 |
| 22Q2 (11) | 0.62 | -4.62 | -69.61 | 28.65 | 11.65 | -7.34 | 11.16 | 160.75 | -38.51 | 11.60 | 8.82 | -26.16 | 6.96 | -16.65 | -43.96 | 2.39 | -4.02 | -65.76 | 1.53 | 1.32 | -54.19 | 0.22 | 22.22 | -18.52 | 17.07 | 2.09 | -9.68 | 55.84 | -6.26 | -44.53 | 97.37 | 151.54 | -16.03 | 2.63 | -95.47 | 116.49 | 17.74 | -14.71 | 16.71 |
| 22Q1 (10) | 0.65 | -8.45 | -86.71 | 25.66 | 11.13 | -15.12 | 4.28 | -33.64 | -79.82 | 10.66 | 33.75 | -53.18 | 8.35 | 18.95 | -54.35 | 2.49 | -9.45 | -85.92 | 1.51 | -3.21 | -79.0 | 0.18 | -18.18 | -53.85 | 16.72 | 27.83 | -32.36 | 59.57 | -23.65 | -51.49 | 38.71 | -53.23 | -58.49 | 58.06 | 180.65 | 759.35 | 20.80 | 118.03 | 115.54 |
| 21Q4 (9) | 0.71 | -30.39 | -86.5 | 23.09 | -19.24 | -26.44 | 6.45 | -51.76 | -72.73 | 7.97 | -33.64 | -63.85 | 7.02 | -27.18 | -60.43 | 2.75 | -27.82 | -86.35 | 1.56 | -23.15 | -80.84 | 0.22 | 4.76 | -52.17 | 13.08 | -22.51 | -44.29 | 78.02 | -3.68 | -56.3 | 82.76 | -25.35 | -22.89 | 20.69 | 290.34 | 382.35 | 9.54 | -53.03 | 17.78 |
| 21Q3 (8) | 1.02 | -50.0 | -83.55 | 28.59 | -7.54 | -28.58 | 13.37 | -26.34 | -55.43 | 12.01 | -23.55 | -60.73 | 9.64 | -22.38 | -60.13 | 3.81 | -45.42 | -85.98 | 2.03 | -39.22 | -84.24 | 0.21 | -22.22 | -60.38 | 16.88 | -10.69 | -46.97 | 81.00 | -19.53 | -32.21 | 110.87 | -4.39 | 12.85 | -10.87 | 31.88 | -719.57 | 20.31 | 33.62 | 99.31 |
| 21Q2 (7) | 2.04 | -58.28 | -15.35 | 30.92 | 2.28 | -22.29 | 18.15 | -14.43 | -29.35 | 15.71 | -31.01 | -38.49 | 12.42 | -32.09 | -42.74 | 6.98 | -60.54 | -35.85 | 3.34 | -53.55 | -45.6 | 0.27 | -30.77 | -3.57 | 18.90 | -23.54 | -33.47 | 100.66 | -18.02 | 0.03 | 115.96 | 24.36 | 15.96 | -15.96 | -336.17 | -1368.09 | 15.20 | 57.51 | 0 |
| 21Q1 (6) | 4.89 | -7.03 | 437.36 | 30.23 | -3.7 | -17.49 | 21.21 | -10.32 | 24.69 | 22.77 | 3.27 | 45.59 | 18.29 | 3.1 | 56.19 | 17.69 | -12.21 | 263.99 | 7.19 | -11.67 | 148.79 | 0.39 | -15.22 | 62.5 | 24.72 | 5.28 | 29.63 | 122.79 | -31.22 | 128.19 | 93.24 | -13.12 | -15.23 | 6.76 | 192.21 | 167.57 | 9.65 | 19.14 | -46.86 |
| 20Q4 (5) | 5.26 | -15.16 | 442.27 | 31.39 | -21.58 | -3.8 | 23.65 | -21.17 | 60.67 | 22.05 | -27.89 | 82.53 | 17.74 | -26.63 | 101.82 | 20.15 | -25.84 | 224.48 | 8.14 | -36.8 | 173.15 | 0.46 | -13.21 | 39.39 | 23.48 | -26.23 | 58.33 | 178.52 | 49.41 | 81.9 | 107.33 | 9.24 | -11.61 | -7.33 | -517.67 | 65.8 | 8.10 | -20.51 | -57.01 |
| 20Q3 (4) | 6.20 | 157.26 | 0.0 | 40.03 | 0.6 | 0.0 | 30.00 | 16.78 | 0.0 | 30.58 | 19.73 | 0.0 | 24.18 | 11.48 | 0.0 | 27.17 | 149.72 | 0.0 | 12.88 | 109.77 | 0.0 | 0.53 | 89.29 | 0.0 | 31.83 | 12.04 | 0.0 | 119.48 | 18.73 | 0.0 | 98.25 | -1.75 | 0.0 | 1.75 | 261.4 | 0.0 | 10.19 | 0 | 0.0 |
| 20Q2 (3) | 2.41 | 164.84 | 0.0 | 39.79 | 8.6 | 0.0 | 25.69 | 51.03 | 0.0 | 25.54 | 63.3 | 0.0 | 21.69 | 85.23 | 0.0 | 10.88 | 123.87 | 0.0 | 6.14 | 112.46 | 0.0 | 0.28 | 16.67 | 0.0 | 28.41 | 48.98 | 0.0 | 100.63 | 87.01 | 0.0 | 100.00 | -9.09 | 0.0 | -1.09 | 89.13 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.91 | -6.19 | 0.0 | 36.64 | 12.29 | 0.0 | 17.01 | 15.56 | 0.0 | 15.64 | 29.47 | 0.0 | 11.71 | 33.22 | 0.0 | 4.86 | -21.74 | 0.0 | 2.89 | -3.02 | 0.0 | 0.24 | -27.27 | 0.0 | 19.07 | 28.59 | 0.0 | 53.81 | -45.17 | 0.0 | 110.00 | -9.41 | 0.0 | -10.00 | 53.33 | 0.0 | 18.16 | -3.61 | 0.0 |
| 19Q4 (1) | 0.97 | 0.0 | 0.0 | 32.63 | 0.0 | 0.0 | 14.72 | 0.0 | 0.0 | 12.08 | 0.0 | 0.0 | 8.79 | 0.0 | 0.0 | 6.21 | 0.0 | 0.0 | 2.98 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 14.83 | 0.0 | 0.0 | 98.14 | 0.0 | 0.0 | 121.43 | 0.0 | 0.0 | -21.43 | 0.0 | 0.0 | 18.84 | 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) | 1.17 | -57.45 | 30.12 | 1.38 | 1.69 | -82.58 | 6.83 | 20.56 | 4.73 | -58.4 | 4.86 | -42.28 | 4.75 | -56.26 | 3.49 | -48.3 | 0.68 | -13.92 | 11.95 | -30.68 | 39.49 | -15.66 | 35.71 | -58.18 | 64.29 | 340.36 | 0.24 | 61.99 | 24.14 | 23.1 |
| 2022 (9) | 2.75 | -68.21 | 29.71 | 2.41 | 9.70 | -42.26 | 5.66 | 85.41 | 11.37 | -32.44 | 8.42 | -37.95 | 10.86 | -67.96 | 6.75 | -55.27 | 0.79 | -28.18 | 17.24 | -14.36 | 46.82 | -39.99 | 85.40 | -14.6 | 14.60 | 5608.03 | 0.15 | 153.36 | 19.61 | 52.96 |
| 2021 (8) | 8.65 | -41.0 | 29.01 | -19.8 | 16.80 | -34.25 | 3.05 | 89.04 | 16.83 | -32.57 | 13.57 | -32.15 | 33.90 | -53.23 | 15.09 | -48.34 | 1.10 | -24.14 | 20.13 | -24.69 | 78.02 | -56.3 | 100.00 | -2.26 | 0.26 | 0 | 0.06 | 49.44 | 12.82 | 14.36 |
| 2020 (7) | 14.66 | 249.05 | 36.17 | 15.41 | 25.55 | 80.31 | 1.62 | -37.0 | 24.96 | 84.89 | 20.00 | 90.48 | 72.49 | 162.45 | 29.21 | 128.02 | 1.45 | 22.88 | 26.73 | 60.35 | 178.52 | 81.9 | 102.31 | -2.89 | -2.31 | 0 | 0.04 | -58.9 | 11.21 | -39.04 |
| 2019 (6) | 4.20 | 37.25 | 31.34 | 24.66 | 14.17 | 44.44 | 2.56 | 36.1 | 13.50 | 44.54 | 10.50 | 40.94 | 27.62 | 21.3 | 12.81 | 27.72 | 1.18 | -8.53 | 16.67 | 41.75 | 98.14 | -36.76 | 105.36 | 0.49 | -4.76 | 0 | 0.10 | 3.65 | 18.39 | 1.16 |
| 2018 (5) | 3.06 | -3.77 | 25.14 | -4.63 | 9.81 | -3.82 | 1.88 | -2.81 | 9.34 | -13.04 | 7.45 | -18.13 | 22.77 | -1.34 | 10.03 | -13.98 | 1.29 | 2.38 | 11.76 | -9.19 | 155.18 | 28.59 | 104.84 | 10.26 | -4.84 | 0 | 0.09 | 0 | 18.18 | -2.68 |
| 2017 (4) | 3.18 | 28.23 | 26.36 | 1.46 | 10.20 | -7.19 | 1.94 | 1.62 | 10.74 | 21.77 | 9.10 | 19.74 | 23.08 | 20.4 | 11.66 | 10.42 | 1.26 | -8.03 | 12.95 | 17.83 | 120.68 | 43.98 | 95.08 | -23.78 | 4.92 | 0 | 0.00 | 0 | 18.68 | 3.72 |
| 2016 (3) | 2.48 | 25.89 | 25.98 | 11.31 | 10.99 | 36.52 | 1.91 | 6.11 | 8.82 | 18.87 | 7.60 | 30.81 | 19.17 | 19.44 | 10.56 | 26.62 | 1.37 | 0.74 | 10.99 | 12.83 | 83.82 | -0.52 | 124.74 | 14.47 | -24.74 | 0 | 0.00 | 0 | 18.01 | 30.7 |
| 2015 (2) | 1.97 | 116.48 | 23.34 | 12.16 | 8.05 | 1863.41 | 1.80 | -29.72 | 7.42 | 77.94 | 5.81 | 70.38 | 16.05 | 98.64 | 8.34 | 94.41 | 1.36 | 24.77 | 9.74 | 29.18 | 84.26 | -33.26 | 108.97 | 1098.72 | -8.97 | 0 | 0.00 | 0 | 13.78 | -38.23 |
| 2014 (1) | 0.91 | 0 | 20.81 | 0 | 0.41 | 0 | 2.56 | -16.74 | 4.17 | 0 | 3.41 | 0 | 8.08 | 0 | 4.29 | 0 | 1.09 | 19.78 | 7.54 | 0 | 126.26 | 17.67 | 9.09 | -95.67 | 87.88 | 0 | 0.00 | 0 | 22.31 | -30.11 |
