- 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) | 0.34 | -29.17 | 278.95 | 14.50 | 3.72 | 202.71 | 5.75 | 5.89 | 316.17 | 7.19 | -16.59 | 11883.33 | 5.07 | -26.63 | 651.09 | 0.78 | -33.9 | 533.33 | 0.61 | -32.22 | 577.78 | 0.10 | -16.67 | -9.09 | 16.45 | -4.42 | 83.8 | 47.68 | -6.23 | -13.07 | 79.17 | 25.35 | 102.55 | 19.44 | -47.22 | -99.37 | 10.90 | -5.05 | 23.44 |
| 24Q2 (19) | 0.48 | 6.67 | 860.0 | 13.98 | -3.12 | 359.87 | 5.43 | -12.42 | 2272.0 | 8.62 | 2.74 | 482.43 | 6.91 | 2.98 | 659.34 | 1.18 | 3.51 | 413.04 | 0.90 | 1.12 | 190.32 | 0.12 | 9.09 | -14.29 | 17.21 | -0.23 | 106.6 | 50.85 | 9.66 | -39.43 | 63.16 | -15.48 | 447.37 | 36.84 | 39.69 | -67.58 | 11.48 | 7.09 | 341.54 |
| 24Q1 (18) | 0.45 | 255.17 | 186.54 | 14.43 | 179.65 | 968.89 | 6.20 | 400.97 | 358.33 | 8.39 | 318.49 | 380.6 | 6.71 | 391.74 | 296.77 | 1.14 | 392.31 | 228.09 | 0.89 | 1088.89 | 378.12 | 0.11 | 0.0 | -21.43 | 17.25 | 227.32 | 400.0 | 46.37 | -16.99 | -39.03 | 74.73 | 39.26 | -7.1 | 26.37 | -43.09 | 34.8 | 10.72 | -42.37 | 164.69 |
| 23Q4 (17) | -0.29 | -52.63 | -307.14 | 5.16 | 7.72 | 13.91 | -2.06 | 22.56 | -329.17 | -3.84 | -6500.0 | -618.92 | -2.30 | -150.0 | -282.54 | -0.39 | -116.67 | -214.71 | -0.09 | -200.0 | -130.0 | 0.11 | 0.0 | -21.43 | 5.27 | -41.12 | -19.79 | 55.86 | 1.84 | -38.75 | 53.66 | 101.73 | 180.49 | 46.34 | -98.51 | -72.2 | 18.60 | 110.65 | 166.48 |
| 23Q3 (16) | -0.19 | -480.0 | -118.27 | 4.79 | 57.57 | -41.8 | -2.66 | -964.0 | -175.14 | 0.06 | -95.95 | -99.11 | -0.92 | -201.1 | -116.97 | -0.18 | -178.26 | -108.65 | 0.09 | -70.97 | -92.11 | 0.11 | -21.43 | -42.11 | 8.95 | 7.44 | -15.73 | 54.85 | -34.66 | -42.31 | -3100.00 | -16950.0 | -5982.05 | 3100.00 | 2628.0 | 6454.29 | 8.83 | 239.62 | 49.92 |
| 23Q2 (15) | 0.05 | 109.62 | -97.22 | 3.04 | 125.19 | -78.87 | -0.25 | 89.58 | -102.61 | 1.48 | 149.5 | -86.57 | 0.91 | 126.69 | -87.59 | 0.23 | 125.84 | -93.7 | 0.31 | 196.88 | -84.02 | 0.14 | 0.0 | -44.0 | 8.33 | 141.45 | -40.5 | 83.95 | 10.37 | -18.45 | -18.18 | -122.6 | -120.89 | 113.64 | 480.81 | 756.43 | 2.60 | -35.8 | -61.25 |
| 23Q1 (14) | -0.52 | -471.43 | -129.55 | 1.35 | -70.2 | -90.94 | -2.40 | -400.0 | -124.17 | -2.99 | -504.05 | -127.76 | -3.41 | -370.63 | -145.41 | -0.89 | -361.76 | -126.89 | -0.32 | -206.67 | -117.68 | 0.14 | 0.0 | -39.13 | 3.45 | -47.49 | -75.14 | 76.06 | -16.6 | -17.31 | 80.43 | 220.65 | -12.64 | 19.57 | -88.26 | 146.89 | 4.05 | -41.98 | -34.78 |
| 22Q4 (13) | 0.14 | -86.54 | -87.72 | 4.53 | -44.96 | -64.1 | -0.48 | -113.56 | -105.99 | 0.74 | -88.97 | -90.45 | 1.26 | -76.75 | -77.74 | 0.34 | -83.65 | -84.19 | 0.30 | -73.68 | -75.0 | 0.14 | -26.32 | -30.0 | 6.57 | -38.14 | -44.65 | 91.20 | -4.08 | 5.2 | -66.67 | -226.5 | -164.52 | 166.67 | 252.38 | 5100.0 | 6.98 | 18.51 | 16.92 |
| 22Q3 (12) | 1.04 | -42.22 | -26.76 | 8.23 | -42.81 | -34.32 | 3.54 | -63.01 | -53.36 | 6.71 | -39.11 | -29.44 | 5.42 | -26.06 | -15.58 | 2.08 | -43.01 | -18.75 | 1.14 | -41.24 | -20.28 | 0.19 | -24.0 | -9.52 | 10.62 | -24.14 | -22.43 | 95.08 | -7.64 | 2.57 | 52.70 | -39.46 | -34.03 | 47.30 | 256.46 | 135.17 | 5.89 | -12.22 | -1.01 |
| 22Q2 (11) | 1.80 | 2.27 | 56.52 | 14.39 | -3.42 | 5.73 | 9.57 | -3.63 | 1.38 | 11.02 | 2.32 | 33.25 | 7.33 | -2.4 | 9.24 | 3.65 | 10.27 | 39.31 | 1.94 | 7.18 | 29.33 | 0.25 | 8.7 | 13.64 | 14.00 | 0.86 | 11.11 | 102.94 | 11.92 | 25.94 | 87.06 | -5.45 | -23.57 | 13.27 | 67.44 | 195.41 | 6.71 | 8.05 | 30.8 |
| 22Q1 (10) | 1.76 | 54.39 | 76.0 | 14.90 | 18.07 | 17.69 | 9.93 | 23.97 | 47.33 | 10.77 | 38.97 | 45.34 | 7.51 | 32.69 | 33.39 | 3.31 | 53.95 | 49.1 | 1.81 | 50.83 | 42.52 | 0.23 | 15.0 | 4.55 | 13.88 | 16.93 | 16.93 | 91.98 | 6.1 | 13.85 | 92.08 | -10.89 | 0.96 | 7.92 | 337.74 | -9.95 | 6.21 | 4.02 | 0.16 |
| 21Q4 (9) | 1.14 | -19.72 | 50.0 | 12.62 | 0.72 | 17.83 | 8.01 | 5.53 | 57.06 | 7.75 | -18.51 | 47.62 | 5.66 | -11.84 | 9.9 | 2.15 | -16.02 | 29.52 | 1.20 | -16.08 | 20.0 | 0.20 | -4.76 | 11.11 | 11.87 | -13.29 | 5.79 | 86.69 | -6.48 | 6.0 | 103.33 | 29.35 | 4.92 | -3.33 | -116.57 | -210.0 | 5.97 | 0.34 | -4.17 |
| 21Q3 (8) | 1.42 | 23.48 | 82.05 | 12.53 | -7.94 | 9.62 | 7.59 | -19.6 | 5.56 | 9.51 | 14.99 | 35.28 | 6.42 | -4.32 | 24.9 | 2.56 | -2.29 | 34.74 | 1.43 | -4.67 | 27.68 | 0.21 | -4.55 | 0.0 | 13.69 | 8.65 | 13.7 | 92.70 | 13.41 | 28.06 | 79.89 | -29.87 | -22.44 | 20.11 | 244.61 | 1105.59 | 5.95 | 15.98 | 0.34 |
| 21Q2 (7) | 1.15 | 15.0 | 2775.0 | 13.61 | 7.5 | 69.49 | 9.44 | 40.06 | 210.53 | 8.27 | 11.61 | 651.82 | 6.71 | 19.18 | 708.43 | 2.62 | 18.02 | 907.69 | 1.50 | 18.11 | 689.47 | 0.22 | 0.0 | 29.41 | 12.60 | 6.15 | 76.47 | 81.74 | 1.18 | 0.12 | 113.91 | 24.9 | -56.9 | -13.91 | -258.04 | 91.89 | 5.13 | -17.26 | -25.87 |
| 21Q1 (6) | 1.00 | 31.58 | 566.67 | 12.66 | 18.21 | 121.33 | 6.74 | 32.16 | 702.38 | 7.41 | 41.14 | 287.96 | 5.63 | 9.32 | 357.72 | 2.22 | 33.73 | 441.46 | 1.27 | 27.0 | 323.33 | 0.22 | 22.22 | 15.79 | 11.87 | 5.79 | 64.4 | 80.79 | -1.21 | 4.66 | 91.20 | -7.4 | 115.56 | 8.80 | 190.4 | -83.66 | 6.20 | -0.48 | -4.47 |
| 20Q4 (5) | 0.76 | -2.56 | 100.0 | 10.71 | -6.3 | 39.45 | 5.10 | -29.07 | 20.85 | 5.25 | -25.32 | 58.61 | 5.15 | 0.19 | 128.89 | 1.66 | -12.63 | 84.44 | 1.00 | -10.71 | 63.93 | 0.18 | -14.29 | -21.74 | 11.22 | -6.81 | 45.71 | 81.78 | 12.97 | 13.66 | 98.48 | -4.38 | -23.24 | 3.03 | 251.52 | 110.71 | 6.23 | 5.06 | 0 |
| 20Q3 (4) | 0.78 | 1850.0 | 0.0 | 11.43 | 42.34 | 0.0 | 7.19 | 136.51 | 0.0 | 7.03 | 539.09 | 0.0 | 5.14 | 519.28 | 0.0 | 1.90 | 630.77 | 0.0 | 1.12 | 489.47 | 0.0 | 0.21 | 23.53 | 0.0 | 12.04 | 68.63 | 0.0 | 72.39 | -11.33 | 0.0 | 103.00 | -61.03 | 0.0 | -2.00 | 98.83 | 0.0 | 5.93 | -14.31 | 0.0 |
| 20Q2 (3) | 0.04 | -73.33 | 0.0 | 8.03 | 40.38 | 0.0 | 3.04 | 261.9 | 0.0 | 1.10 | -42.41 | 0.0 | 0.83 | -32.52 | 0.0 | 0.26 | -36.59 | 0.0 | 0.19 | -36.67 | 0.0 | 0.17 | -10.53 | 0.0 | 7.14 | -1.11 | 0.0 | 81.64 | 5.76 | 0.0 | 264.29 | 524.68 | 0.0 | -171.43 | -418.37 | 0.0 | 6.92 | 6.63 | 0.0 |
| 20Q1 (2) | 0.15 | -60.53 | 0.0 | 5.72 | -25.52 | 0.0 | 0.84 | -80.09 | 0.0 | 1.91 | -42.3 | 0.0 | 1.23 | -45.33 | 0.0 | 0.41 | -54.44 | 0.0 | 0.30 | -50.82 | 0.0 | 0.19 | -17.39 | 0.0 | 7.22 | -6.23 | 0.0 | 77.19 | 7.28 | 0.0 | 42.31 | -67.02 | 0.0 | 53.85 | 290.26 | 0.0 | 6.49 | 0 | 0.0 |
| 19Q4 (1) | 0.38 | 0.0 | 0.0 | 7.68 | 0.0 | 0.0 | 4.22 | 0.0 | 0.0 | 3.31 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 7.70 | 0.0 | 0.0 | 71.95 | 0.0 | 0.0 | 128.30 | 0.0 | 0.0 | -28.30 | 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) | -0.93 | 0 | 3.37 | -70.12 | -1.79 | 0 | 5.94 | 86.8 | -1.24 | 0 | -1.42 | 0 | -1.21 | 0 | -0.03 | 0 | 0.49 | -41.67 | 6.40 | -45.81 | 55.86 | -38.75 | 143.08 | 80.13 | -44.62 | 0 | 0.13 | 13.96 | 7.70 | 19.94 |
| 2022 (9) | 4.72 | 1.07 | 11.28 | -12.22 | 6.42 | -19.35 | 3.18 | -19.47 | 8.08 | -2.06 | 5.84 | -4.42 | 9.32 | -1.89 | 5.30 | -1.3 | 0.84 | 0.0 | 11.81 | -5.82 | 91.20 | 5.2 | 79.43 | -17.58 | 20.57 | 493.66 | 0.11 | -9.73 | 6.42 | 10.5 |
| 2021 (8) | 4.67 | 169.94 | 12.85 | 42.78 | 7.96 | 94.62 | 3.95 | -23.78 | 8.25 | 111.0 | 6.11 | 95.21 | 9.50 | 130.02 | 5.37 | 110.59 | 0.84 | 12.0 | 12.54 | 32.56 | 86.69 | 6.0 | 96.37 | -8.09 | 3.47 | 0 | 0.13 | -23.38 | 5.81 | -8.93 |
| 2020 (7) | 1.73 | 23.57 | 9.00 | 17.04 | 4.09 | 8.2 | 5.18 | 39.35 | 3.91 | 9.22 | 3.13 | 30.42 | 4.13 | 10.72 | 2.55 | -1.92 | 0.75 | -15.73 | 9.46 | 19.29 | 81.78 | 13.66 | 104.85 | -0.8 | -4.85 | 0 | 0.17 | 0 | 6.38 | 21.29 |
| 2019 (6) | 1.40 | -69.76 | 7.69 | -37.83 | 3.78 | -57.05 | 3.72 | 9.72 | 3.58 | -57.98 | 2.40 | -64.71 | 3.73 | -67.65 | 2.60 | -63.48 | 0.89 | -8.25 | 7.93 | -37.26 | 71.95 | -4.27 | 105.70 | 2.28 | -5.70 | 0 | 0.00 | 0 | 5.26 | 4.57 |
| 2018 (5) | 4.63 | -14.26 | 12.37 | -19.2 | 8.80 | -17.6 | 3.39 | -2.93 | 8.52 | -19.77 | 6.80 | -23.25 | 11.53 | -25.08 | 7.12 | -17.69 | 0.97 | 6.59 | 12.64 | -15.05 | 75.16 | -1.11 | 103.35 | 2.76 | -3.35 | 0 | 0.00 | 0 | 5.03 | -15.89 |
| 2017 (4) | 5.40 | 79.4 | 15.31 | 76.38 | 10.68 | 220.72 | 3.49 | -12.25 | 10.62 | 57.1 | 8.86 | 50.68 | 15.39 | 56.72 | 8.65 | 66.35 | 0.91 | 15.19 | 14.88 | 28.61 | 76.00 | -31.34 | 100.57 | 104.16 | -0.57 | 0 | 0.00 | 0 | 5.98 | -1.97 |
| 2016 (3) | 3.01 | 76.02 | 8.68 | -19.85 | 3.33 | -42.59 | 3.98 | 5.78 | 6.76 | 20.28 | 5.88 | 40.0 | 9.82 | 32.35 | 5.20 | 32.99 | 0.79 | -3.66 | 11.57 | 14.44 | 110.69 | -1.01 | 49.26 | -52.26 | 50.74 | 0 | 0.00 | 0 | 6.10 | 7.77 |
| 2015 (2) | 1.71 | -52.76 | 10.83 | 53.18 | 5.80 | 276.62 | 3.76 | 3.42 | 5.62 | -25.56 | 4.20 | -40.68 | 7.42 | -35.03 | 3.91 | -29.68 | 0.82 | 9.33 | 10.11 | -13.81 | 111.82 | -7.71 | 103.18 | 402.45 | -3.18 | 0 | 0.00 | 0 | 5.66 | -12.11 |
| 2014 (1) | 3.62 | 1192.86 | 7.07 | 0 | 1.54 | 0 | 3.64 | -5.03 | 7.55 | 0 | 7.08 | 0 | 11.42 | 0 | 5.56 | 0 | 0.75 | 1.35 | 11.73 | 111.73 | 121.16 | 10.11 | 20.54 | 0 | 79.91 | -45.32 | 0.00 | 0 | 6.44 | 10.65 |
