- 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) | 0.27 | 129.35 | -55.74 | 17.50 | 309.84 | -7.31 | 7.67 | 211.81 | -5.89 | 4.34 | 157.18 | -49.83 | 2.97 | 129.79 | -57.69 | 1.33 | 129.82 | -55.07 | 0.95 | 142.99 | -48.65 | 0.25 | 0.0 | 8.7 | 7.95 | 326.5 | -37.0 | 78.17 | -6.58 | 3.63 | 178.95 | 95.99 | 92.11 | -76.32 | -852.26 | -1492.76 | 23.31 | 4.81 | 9.39 |
| 24Q2 (19) | -0.92 | 0 | -330.0 | 4.27 | -72.0 | -74.66 | -6.86 | -300.58 | -212.27 | -7.59 | -554.49 | -204.4 | -9.97 | -49950.0 | -337.38 | -4.46 | -44700.0 | -315.46 | -2.21 | -1104.55 | -264.93 | 0.25 | -7.41 | 4.17 | -3.51 | -169.5 | -130.42 | 83.68 | 13.79 | -12.28 | 91.30 | -55.73 | 8.86 | 10.14 | 109.55 | -37.1 | 22.24 | 7.49 | 15.17 |
| 24Q1 (18) | 0.00 | 100.0 | -100.0 | 15.25 | 67.21 | 33.42 | 3.42 | 843.48 | -29.63 | 1.67 | 143.38 | -65.14 | 0.02 | 100.44 | -99.34 | 0.01 | 100.52 | -99.39 | 0.22 | 124.18 | -77.78 | 0.27 | 12.5 | 12.5 | 5.05 | 2295.65 | -45.58 | 73.54 | -9.73 | -35.72 | 206.25 | 1653.12 | 106.25 | -106.25 | -220.42 | -4150.0 | 20.69 | 4.76 | 23.38 |
| 23Q4 (17) | -0.43 | -170.49 | -161.43 | 9.12 | -51.69 | -58.13 | -0.46 | -105.64 | -104.97 | -3.85 | -144.51 | -160.16 | -4.50 | -164.1 | -174.26 | -1.93 | -165.2 | -149.23 | -0.91 | -149.19 | -142.92 | 0.24 | 4.35 | -7.69 | -0.23 | -101.82 | -102.02 | 81.47 | 8.01 | -41.6 | 11.76 | -87.37 | -91.84 | 88.24 | 1510.29 | 299.35 | 19.75 | -7.32 | 1.02 |
| 23Q3 (16) | 0.61 | 52.5 | 1933.33 | 18.88 | 12.05 | 51.28 | 8.15 | 33.39 | 383.97 | 8.65 | 18.98 | 1053.33 | 7.02 | 67.14 | 2027.27 | 2.96 | 43.0 | 1750.0 | 1.85 | 38.06 | 516.67 | 0.23 | -4.17 | 21.05 | 12.62 | 9.36 | 109.98 | 75.43 | -20.92 | -51.29 | 93.15 | 11.06 | 124.51 | 5.48 | -66.03 | -98.86 | 21.31 | 10.36 | -7.39 |
| 23Q2 (15) | 0.40 | 29.03 | 53.85 | 16.85 | 47.42 | 29.52 | 6.11 | 25.72 | 1751.52 | 7.27 | 51.77 | 102.51 | 4.20 | 37.7 | 21.04 | 2.07 | 26.22 | 28.57 | 1.34 | 35.35 | 52.27 | 0.24 | 0.0 | 26.32 | 11.54 | 24.35 | 29.81 | 95.39 | -16.62 | -36.89 | 83.87 | -16.13 | 822.58 | 16.13 | 745.16 | -82.26 | 19.31 | 15.15 | 0.31 |
| 23Q1 (14) | 0.31 | -55.71 | 40.91 | 11.43 | -47.52 | -29.4 | 4.86 | -47.46 | 45.07 | 4.79 | -25.16 | 31.23 | 3.05 | -49.67 | -9.76 | 1.64 | -58.16 | 13.1 | 0.99 | -53.3 | 20.73 | 0.24 | -7.69 | 41.18 | 9.28 | -18.45 | -1.38 | 114.40 | -17.99 | -22.52 | 100.00 | -30.68 | 11.11 | -2.50 | 94.35 | -125.0 | 16.77 | -14.22 | -5.25 |
| 22Q4 (13) | 0.70 | 2233.33 | 483.33 | 21.78 | 74.52 | 28.12 | 9.25 | 422.3 | 1117.11 | 6.40 | 753.33 | 1839.39 | 6.06 | 1736.36 | 177.98 | 3.92 | 2350.0 | 383.95 | 2.12 | 606.67 | 292.59 | 0.26 | 36.84 | 73.33 | 11.38 | 89.35 | 84.14 | 139.50 | -9.91 | -5.4 | 144.26 | 137.96 | -51.91 | -44.26 | -109.22 | 77.87 | 19.55 | -15.04 | -25.27 |
| 22Q3 (12) | 0.03 | -88.46 | -88.0 | 12.48 | -4.07 | 38.67 | -2.87 | -969.7 | 65.67 | 0.75 | -79.11 | -81.39 | 0.33 | -90.49 | -91.62 | 0.16 | -90.06 | -90.42 | 0.30 | -65.91 | -66.29 | 0.19 | 0.0 | 5.56 | 6.01 | -32.4 | -34.25 | 154.85 | 2.45 | 16.18 | -380.00 | -4280.0 | -81.36 | 480.00 | 428.0 | 55.08 | 23.01 | 19.53 | -3.44 |
| 22Q2 (11) | 0.26 | 18.18 | -50.0 | 13.01 | -19.64 | -38.14 | 0.33 | -90.15 | -95.76 | 3.59 | -1.64 | -43.38 | 3.47 | 2.66 | -44.57 | 1.61 | 11.03 | -53.33 | 0.88 | 7.32 | -45.68 | 0.19 | 11.76 | -17.39 | 8.89 | -5.53 | -12.84 | 151.14 | 2.36 | 7.28 | 9.09 | -89.9 | -92.62 | 90.91 | 809.09 | 490.91 | 19.25 | 8.76 | 0.47 |
| 22Q1 (10) | 0.22 | 83.33 | -45.0 | 16.19 | -4.76 | 42.77 | 3.35 | 340.79 | 132.91 | 3.65 | 1006.06 | -52.6 | 3.38 | 55.05 | -55.23 | 1.45 | 79.01 | -45.69 | 0.82 | 51.85 | -35.94 | 0.17 | 13.33 | 21.43 | 9.41 | 52.27 | -35.19 | 147.65 | 0.12 | 6.16 | 90.00 | -70.0 | 167.5 | 10.00 | 105.0 | -95.77 | 17.70 | -32.34 | -33.16 |
| 21Q4 (9) | 0.12 | -52.0 | 113.19 | 17.00 | 88.89 | 100.71 | 0.76 | 109.09 | 106.57 | 0.33 | -91.81 | 102.15 | 2.18 | -44.67 | 114.08 | 0.81 | -51.5 | 113.61 | 0.54 | -39.33 | 124.66 | 0.15 | -16.67 | 0.0 | 6.18 | -32.39 | 173.14 | 147.47 | 10.64 | -2.56 | 300.00 | 243.18 | 296.43 | -200.00 | -164.62 | -922.22 | 26.16 | 9.78 | 4.26 |
| 21Q3 (8) | 0.25 | -51.92 | 204.17 | 9.00 | -57.2 | -23.53 | -8.36 | -207.32 | -850.0 | 4.03 | -36.44 | 196.18 | 3.94 | -37.06 | 197.52 | 1.67 | -51.59 | 213.61 | 0.89 | -45.06 | 311.9 | 0.18 | -21.74 | 20.0 | 9.14 | -10.39 | 348.04 | 133.29 | -5.39 | -10.91 | -209.52 | -269.99 | -1200.0 | 309.52 | 1430.95 | 306.25 | 23.83 | 24.37 | -5.66 |
| 21Q2 (7) | 0.52 | 30.0 | 138.81 | 21.03 | 85.45 | 49.36 | 7.79 | 176.52 | 154.94 | 6.34 | -17.66 | 139.14 | 6.26 | -17.09 | 139.2 | 3.45 | 29.21 | 168.32 | 1.62 | 26.56 | 177.14 | 0.23 | 64.29 | 64.29 | 10.20 | -29.75 | 204.19 | 140.89 | 1.3 | -1.59 | 123.26 | 192.44 | 41.16 | -23.26 | -109.84 | -283.31 | 19.16 | -27.64 | -42.43 |
| 21Q1 (6) | 0.40 | 143.96 | -11.11 | 11.34 | 33.88 | -59.56 | -10.18 | 11.94 | -343.54 | 7.70 | 150.23 | 191.67 | 7.55 | 148.77 | 387.1 | 2.67 | 144.87 | 323.81 | 1.28 | 158.45 | 190.91 | 0.14 | -6.67 | -26.32 | 14.52 | 271.83 | 116.07 | 139.08 | -8.11 | 21.31 | -133.33 | -276.19 | -184.85 | 236.36 | 871.72 | 513.64 | 26.48 | 5.54 | 8.26 |
| 20Q4 (5) | -0.91 | -279.17 | -333.33 | 8.47 | -28.04 | -60.77 | -11.56 | -1213.64 | -650.65 | -15.33 | -265.87 | -711.11 | -15.48 | -283.17 | -454.84 | -5.95 | -304.76 | -294.04 | -2.19 | -421.43 | -313.21 | 0.15 | 0.0 | -40.0 | -8.45 | -514.22 | -712.32 | 151.35 | 1.16 | 32.74 | 75.68 | 297.3 | -8.27 | 24.32 | -68.07 | 39.0 | 25.09 | -0.67 | 36.06 |
| 20Q3 (4) | -0.24 | 82.09 | 0.0 | 11.77 | -16.41 | 0.0 | -0.88 | 93.79 | 0.0 | -4.19 | 74.14 | 0.0 | -4.04 | 74.7 | 0.0 | -1.47 | 70.89 | 0.0 | -0.42 | 80.0 | 0.0 | 0.15 | 7.14 | 0.0 | 2.04 | 120.84 | 0.0 | 149.61 | 4.5 | 0.0 | 19.05 | -78.18 | 0.0 | 76.19 | 500.56 | 0.0 | 25.26 | -24.1 | 0.0 |
| 20Q2 (3) | -1.34 | -397.78 | 0.0 | 14.08 | -49.79 | 0.0 | -14.18 | -439.23 | 0.0 | -16.20 | -713.64 | 0.0 | -15.97 | -1130.32 | 0.0 | -5.05 | -901.59 | 0.0 | -2.10 | -577.27 | 0.0 | 0.14 | -26.32 | 0.0 | -9.79 | -245.68 | 0.0 | 143.17 | 24.88 | 0.0 | 87.31 | -44.44 | 0.0 | 12.69 | 122.2 | 0.0 | 33.28 | 36.06 | 0.0 |
| 20Q1 (2) | 0.45 | 15.38 | 0.0 | 28.04 | 29.87 | 0.0 | 4.18 | 371.43 | 0.0 | 2.64 | 239.68 | 0.0 | 1.55 | 155.56 | 0.0 | 0.63 | 141.72 | 0.0 | 0.44 | 183.02 | 0.0 | 0.19 | -24.0 | 0.0 | 6.72 | 386.96 | 0.0 | 114.65 | 0.55 | 0.0 | 157.14 | 90.48 | 0.0 | -57.14 | -426.53 | 0.0 | 24.46 | 32.65 | 0.0 |
| 19Q4 (1) | 0.39 | 0.0 | 0.0 | 21.59 | 0.0 | 0.0 | -1.54 | 0.0 | 0.0 | -1.89 | 0.0 | 0.0 | -2.79 | 0.0 | 0.0 | -1.51 | 0.0 | 0.0 | -0.53 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 1.38 | 0.0 | 0.0 | 114.02 | 0.0 | 0.0 | 82.50 | 0.0 | 0.0 | 17.50 | 0.0 | 0.0 | 18.44 | 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) | 0.87 | -28.1 | 14.02 | -15.03 | 4.60 | 43.75 | 2.40 | -18.66 | 4.12 | 6.19 | 2.35 | -34.36 | 4.62 | -37.65 | 3.25 | -25.63 | 0.95 | 11.76 | 8.17 | -11.0 | 81.47 | -41.6 | 111.35 | 35.12 | -11.35 | 0 | 14.55 | -5.02 | 19.30 | -3.26 |
| 2022 (9) | 1.21 | -6.2 | 16.50 | 8.98 | 3.20 | 0 | 2.95 | -12.75 | 3.88 | -18.32 | 3.58 | -29.39 | 7.41 | -15.6 | 4.37 | 2.82 | 0.85 | 23.19 | 9.18 | -7.83 | 139.50 | -5.4 | 82.41 | 0 | 17.59 | -86.57 | 15.32 | -7.45 | 19.95 | -14.6 |
| 2021 (8) | 1.29 | 0 | 15.14 | -22.2 | -1.49 | 0 | 3.38 | -6.3 | 4.75 | 0 | 5.07 | 0 | 8.78 | 0 | 4.25 | 0 | 0.69 | 15.0 | 9.96 | 2019.15 | 147.47 | -2.56 | -31.00 | 0 | 131.00 | 300.28 | 16.56 | -3.62 | 23.36 | -12.9 |
| 2020 (7) | -1.78 | 0 | 19.46 | -14.31 | -3.30 | 0 | 3.61 | 51.34 | -4.90 | 0 | -5.35 | 0 | -7.16 | 0 | -2.61 | 0 | 0.60 | -33.33 | 0.47 | -92.39 | 151.35 | 32.74 | 67.88 | 0 | 32.73 | -71.83 | 17.18 | 128.09 | 26.82 | 24.92 |
| 2019 (6) | 4.02 | 31.37 | 22.71 | -1.99 | -0.42 | 0 | 2.39 | 51.41 | 2.54 | -43.3 | 1.55 | -54.68 | 3.14 | -60.1 | 1.99 | -48.18 | 0.90 | -7.22 | 6.18 | -12.71 | 114.02 | -15.45 | -16.67 | 0 | 116.16 | 0 | 7.53 | 3.26 | 21.47 | 10.05 |
| 2018 (5) | 3.06 | 188.68 | 23.17 | -1.49 | 4.64 | 37.28 | 1.58 | -8.54 | 4.48 | -1.75 | 3.42 | 14.77 | 7.87 | 12.11 | 3.84 | 8.47 | 0.97 | -3.96 | 7.08 | -3.8 | 134.85 | -2.16 | 103.67 | 40.07 | -3.67 | 0 | 7.29 | 0 | 19.51 | -9.21 |
| 2017 (4) | 1.06 | -47.26 | 23.52 | 16.55 | 3.38 | -48.4 | 1.72 | 15.46 | 4.56 | -31.43 | 2.98 | -50.74 | 7.02 | -44.29 | 3.54 | -49.64 | 1.01 | -4.72 | 7.36 | -22.61 | 137.83 | 11.33 | 74.02 | -25.02 | 25.98 | 1926.77 | 0.00 | 0 | 21.49 | 2.19 |
| 2016 (3) | 2.01 | 0 | 20.18 | 50.6 | 6.55 | 0 | 1.49 | -29.8 | 6.65 | 0 | 6.05 | 0 | 12.60 | 0 | 7.03 | 0 | 1.06 | 21.84 | 9.51 | 230.21 | 123.80 | 89.67 | 98.72 | 23.4 | 1.28 | -93.59 | 0.00 | 0 | 21.03 | 26.69 |
| 2015 (2) | -0.39 | 0 | 13.40 | 23.16 | -0.82 | 0 | 2.13 | -18.63 | -1.04 | 0 | -1.82 | 0 | -2.37 | 0 | -1.11 | 0 | 0.87 | 4.82 | 2.88 | -44.93 | 65.27 | 80.8 | 80.00 | 620.0 | 20.00 | -77.5 | 0.00 | 0 | 16.60 | 3.43 |
| 2014 (1) | 0.16 | -93.63 | 10.88 | 0 | 0.16 | 0 | 2.61 | 55.7 | 1.28 | 0 | 0.78 | 0 | 0.90 | 0 | 0.93 | 0 | 0.83 | -23.15 | 5.23 | -58.92 | 36.10 | -13.84 | 11.11 | -88.44 | 88.89 | 2173.02 | 0.00 | 0 | 16.05 | 152.36 |
