- 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) | -0.19 | -122.62 | 62.0 | 31.48 | -12.12 | 21.64 | -0.16 | -102.15 | 98.61 | -2.38 | -125.32 | 68.05 | -1.92 | -125.6 | 68.52 | -0.75 | -122.73 | 62.69 | -0.48 | -120.96 | 64.44 | 0.27 | -10.0 | 17.39 | 2.20 | -83.75 | 195.65 | 47.36 | 5.67 | 7.03 | 4.55 | -94.24 | -97.06 | 90.91 | 331.82 | 266.67 | 16.19 | 2.47 | -19.97 |
| 24Q2 (19) | 0.84 | 170.97 | 240.0 | 35.82 | 10.56 | 48.45 | 7.44 | 18500.0 | 158.22 | 9.40 | 131.53 | 198.95 | 7.50 | 132.2 | 201.63 | 3.30 | 166.13 | 237.5 | 2.29 | 157.3 | 239.63 | 0.30 | 15.38 | 30.43 | 13.54 | 47.49 | 402.91 | 44.82 | -5.52 | 2.42 | 78.95 | 0 | -41.21 | 21.05 | -78.95 | 161.4 | 15.80 | -12.61 | -22.13 |
| 24Q1 (18) | 0.31 | 181.58 | 131.31 | 32.40 | 2.24 | 31.6 | 0.04 | 105.19 | 100.23 | 4.06 | 184.06 | 123.32 | 3.23 | 183.03 | 123.14 | 1.24 | 181.05 | 132.46 | 0.89 | 187.25 | 133.97 | 0.26 | -3.7 | 36.84 | 9.18 | 8445.45 | 175.93 | 47.44 | 6.92 | 10.35 | 0.00 | -100.0 | -100.0 | 100.00 | 20.0 | 0 | 18.08 | 6.67 | -21.15 |
| 23Q4 (17) | -0.38 | 24.0 | 59.57 | 31.69 | 22.45 | 5.56 | -0.77 | 93.33 | 84.22 | -4.83 | 35.17 | 60.73 | -3.89 | 36.23 | 62.92 | -1.53 | 23.88 | 55.65 | -1.02 | 24.44 | 56.03 | 0.27 | 17.39 | 22.73 | -0.11 | 95.22 | 98.57 | 44.37 | 0.27 | -2.1 | 16.67 | -89.22 | -58.12 | 83.33 | 252.78 | 38.42 | 16.95 | -16.21 | -0.24 |
| 23Q3 (16) | -0.50 | 16.67 | -145.45 | 25.88 | 7.25 | -28.57 | -11.55 | 9.62 | -329.62 | -7.45 | 21.58 | -156.65 | -6.10 | 17.34 | -156.17 | -2.01 | 16.25 | -147.41 | -1.35 | 17.68 | -150.56 | 0.23 | 0.0 | -4.17 | -2.30 | 48.55 | -113.38 | 44.25 | 1.12 | -8.88 | 154.55 | 15.09 | 305.25 | -54.55 | -59.09 | -188.17 | 20.23 | -0.3 | 15.34 |
| 23Q2 (15) | -0.60 | 39.39 | -239.53 | 24.13 | -1.99 | -23.45 | -12.78 | 26.76 | -1827.03 | -9.50 | 45.43 | -313.0 | -7.38 | 47.13 | -270.44 | -2.40 | 37.17 | -243.71 | -1.64 | 37.4 | -251.85 | 0.23 | 21.05 | -4.17 | -4.47 | 63.03 | -153.66 | 43.76 | 1.79 | -41.32 | 134.29 | 34.29 | 772.86 | -34.29 | 0 | -140.52 | 20.29 | -11.51 | 28.66 |
| 23Q1 (14) | -0.99 | -5.32 | -2575.0 | 24.62 | -17.99 | -3.15 | -17.45 | -257.58 | -401.44 | -17.41 | -41.54 | -7669.57 | -13.96 | -33.08 | -3977.78 | -3.82 | -10.72 | -3038.46 | -2.62 | -12.93 | -2720.0 | 0.19 | -13.64 | -24.0 | -12.09 | -57.42 | -397.78 | 42.99 | -5.14 | -7.23 | 100.00 | 151.28 | 106.67 | -0.00 | -100.0 | -100.0 | 22.93 | 34.96 | 49.28 |
| 22Q4 (13) | -0.94 | -185.45 | -16.05 | 30.02 | -17.14 | 69.41 | -4.88 | -197.02 | 55.23 | -12.30 | -193.54 | -8.85 | -10.49 | -196.59 | -19.34 | -3.45 | -181.37 | -17.35 | -2.32 | -186.89 | -17.17 | 0.22 | -8.33 | -4.35 | -7.68 | -144.68 | -2.54 | 45.32 | -6.67 | 20.05 | 39.80 | 4.35 | -58.86 | 60.20 | -2.68 | 1746.26 | 16.99 | -3.14 | 25.48 |
| 22Q3 (12) | 1.10 | 155.81 | 233.33 | 36.23 | 14.94 | 37.03 | 5.03 | 579.73 | 61.74 | 13.15 | 194.84 | 274.64 | 10.86 | 150.81 | 286.48 | 4.24 | 153.89 | 278.57 | 2.67 | 147.22 | 270.83 | 0.24 | 0.0 | -4.0 | 17.19 | 106.36 | 163.25 | 48.56 | -34.89 | -15.5 | 38.14 | 147.88 | -57.1 | 61.86 | -26.89 | 456.78 | 17.54 | 11.22 | 53.32 |
| 22Q2 (11) | 0.43 | 975.0 | -89.2 | 31.52 | 24.0 | -1.25 | 0.74 | 121.26 | -95.56 | 4.46 | 1839.13 | -72.07 | 4.33 | 1102.78 | -70.16 | 1.67 | 1184.62 | -82.96 | 1.08 | 980.0 | -82.5 | 0.24 | -4.0 | -42.86 | 8.33 | 105.17 | -52.45 | 74.58 | 60.94 | 36.82 | 15.38 | 101.03 | -85.25 | 84.62 | -94.71 | 2053.21 | 15.77 | 2.67 | 93.02 |
| 22Q1 (10) | 0.04 | 104.94 | -99.01 | 25.42 | 43.45 | -23.27 | -3.48 | 68.07 | -120.14 | 0.23 | 102.04 | -98.69 | 0.36 | 104.1 | -97.56 | 0.13 | 104.42 | -98.83 | 0.10 | 105.05 | -98.51 | 0.25 | 8.7 | -44.44 | 4.06 | 154.21 | -78.78 | 46.34 | 22.75 | -27.61 | -1500.00 | -1650.56 | -1624.92 | 1600.00 | 48966.67 | 97820.0 | 15.36 | 13.44 | 77.78 |
| 21Q4 (9) | -0.81 | -345.45 | -115.4 | 17.72 | -32.98 | -52.29 | -10.90 | -450.48 | -148.14 | -11.30 | -421.94 | -150.72 | -8.79 | -412.81 | -143.73 | -2.94 | -362.5 | -118.04 | -1.98 | -375.0 | -120.84 | 0.23 | -8.0 | -51.06 | -7.49 | -214.7 | -131.48 | 37.75 | -34.31 | -44.11 | 96.74 | 8.83 | -4.83 | 3.26 | -70.65 | 298.37 | 13.54 | 18.36 | 70.53 |
| 21Q3 (8) | 0.33 | -91.71 | -93.27 | 26.44 | -17.17 | -28.23 | 3.11 | -81.35 | -86.28 | 3.51 | -78.02 | -84.87 | 2.81 | -80.63 | -84.7 | 1.12 | -88.57 | -93.85 | 0.72 | -88.33 | -92.74 | 0.25 | -40.48 | -53.7 | 6.53 | -62.73 | -73.56 | 57.47 | 5.43 | -24.66 | 88.89 | -14.8 | -9.02 | 11.11 | 356.48 | 382.72 | 11.44 | 40.02 | 48.76 |
| 21Q2 (7) | 3.98 | -1.97 | 34.46 | 31.92 | -3.65 | -9.81 | 16.68 | -3.47 | -0.89 | 15.97 | -9.05 | -7.85 | 14.51 | -1.49 | -5.78 | 9.80 | -11.63 | -21.16 | 6.17 | -7.91 | -9.26 | 0.42 | -6.67 | -4.55 | 17.52 | -8.42 | -9.69 | 54.51 | -14.84 | -41.26 | 104.33 | 6.07 | 7.45 | -4.33 | -365.13 | -249.46 | 8.17 | -5.44 | -21.67 |
| 21Q1 (6) | 4.06 | -22.81 | 480.0 | 33.13 | -10.8 | 11.81 | 17.28 | -23.67 | 166.67 | 17.56 | -21.18 | 170.57 | 14.73 | -26.72 | 183.82 | 11.09 | -31.96 | 258.9 | 6.70 | -29.47 | 272.22 | 0.45 | -4.26 | 32.35 | 19.13 | -19.59 | 103.73 | 64.01 | -5.23 | -11.61 | 98.37 | -3.22 | -1.63 | 1.63 | 199.4 | 0 | 8.64 | 8.82 | -28.24 |
| 20Q4 (5) | 5.26 | 7.35 | 610.81 | 37.14 | 0.81 | 20.23 | 22.64 | -0.09 | 225.29 | 22.28 | -3.97 | 228.61 | 20.10 | 9.42 | 270.17 | 16.30 | -10.54 | 382.25 | 9.50 | -4.23 | 365.69 | 0.47 | -12.96 | 27.03 | 23.79 | -3.68 | 154.44 | 67.54 | -11.46 | -8.9 | 101.64 | 4.04 | -0.11 | -1.64 | -171.42 | 6.3 | 7.94 | 3.25 | -20.12 |
| 20Q3 (4) | 4.90 | 65.54 | 0.0 | 36.84 | 4.1 | 0.0 | 22.66 | 34.64 | 0.0 | 23.20 | 33.87 | 0.0 | 18.37 | 19.29 | 0.0 | 18.22 | 46.58 | 0.0 | 9.92 | 45.88 | 0.0 | 0.54 | 22.73 | 0.0 | 24.70 | 27.32 | 0.0 | 76.28 | -17.8 | 0.0 | 97.70 | 0.61 | 0.0 | 2.30 | -20.59 | 0.0 | 7.69 | -26.27 | 0.0 |
| 20Q2 (3) | 2.96 | 322.86 | 0.0 | 35.39 | 19.44 | 0.0 | 16.83 | 159.72 | 0.0 | 17.33 | 167.03 | 0.0 | 15.40 | 196.72 | 0.0 | 12.43 | 302.27 | 0.0 | 6.80 | 277.78 | 0.0 | 0.44 | 29.41 | 0.0 | 19.40 | 106.6 | 0.0 | 92.80 | 28.14 | 0.0 | 97.10 | -2.9 | 0.0 | 2.90 | 0 | 0.0 | 10.43 | -13.37 | 0.0 |
| 20Q1 (2) | 0.70 | -5.41 | 0.0 | 29.63 | -4.08 | 0.0 | 6.48 | -6.9 | 0.0 | 6.49 | -4.28 | 0.0 | 5.19 | -4.42 | 0.0 | 3.09 | -8.58 | 0.0 | 1.80 | -11.76 | 0.0 | 0.34 | -8.11 | 0.0 | 9.39 | 0.43 | 0.0 | 72.42 | -2.32 | 0.0 | 100.00 | -1.72 | 0.0 | 0.00 | 100.0 | 0.0 | 12.04 | 21.13 | 0.0 |
| 19Q4 (1) | 0.74 | 0.0 | 0.0 | 30.89 | 0.0 | 0.0 | 6.96 | 0.0 | 0.0 | 6.78 | 0.0 | 0.0 | 5.43 | 0.0 | 0.0 | 3.38 | 0.0 | 0.0 | 2.04 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 9.35 | 0.0 | 0.0 | 74.14 | 0.0 | 0.0 | 101.75 | 0.0 | 0.0 | -1.75 | 0.0 | 0.0 | 9.94 | 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) | -2.46 | 0 | 26.87 | -12.96 | -9.97 | 0 | 3.79 | 24.82 | -9.32 | 0 | -7.45 | 0 | -9.72 | 0 | -6.56 | 0 | 0.90 | -11.76 | -4.25 | 0 | 44.37 | -2.1 | 106.83 | 0 | -6.83 | 0 | 1.54 | 254.64 | 19.86 | 21.02 |
| 2022 (9) | 0.62 | -88.21 | 30.87 | 6.16 | -0.50 | 0 | 3.03 | 83.22 | 1.79 | -81.94 | 1.61 | -81.62 | 2.31 | -88.63 | 1.75 | -86.94 | 1.02 | -33.33 | 5.86 | -51.61 | 45.32 | 20.05 | -27.87 | 0 | 127.87 | 0 | 0.44 | -42.52 | 16.41 | 67.79 |
| 2021 (8) | 5.26 | -61.94 | 29.08 | -18.06 | 10.04 | -46.71 | 1.66 | 28.35 | 9.91 | -47.87 | 8.76 | -45.89 | 20.31 | -58.34 | 13.40 | -53.29 | 1.53 | -13.56 | 12.11 | -41.89 | 37.75 | -44.11 | 101.33 | 2.23 | -1.33 | 0 | 0.76 | 45.84 | 9.78 | 8.07 |
| 2020 (7) | 13.82 | 341.53 | 35.49 | -0.89 | 18.84 | 112.88 | 1.29 | -38.85 | 19.01 | 114.56 | 16.19 | 133.29 | 48.75 | 225.0 | 28.69 | 219.13 | 1.77 | 37.21 | 20.84 | 76.91 | 67.54 | -8.9 | 99.12 | -0.48 | 0.88 | 115.93 | 0.52 | -38.16 | 9.05 | -29.79 |
| 2019 (6) | 3.13 | 6.83 | 35.81 | 9.71 | 8.85 | 16.6 | 2.11 | 55.25 | 8.86 | 9.65 | 6.94 | 3.74 | 15.00 | -7.24 | 8.99 | -11.08 | 1.29 | -14.0 | 11.78 | 15.15 | 74.14 | 22.81 | 99.59 | 6.03 | 0.41 | -93.25 | 0.84 | -24.7 | 12.89 | -0.08 |
| 2018 (5) | 2.93 | 13.13 | 32.64 | -4.28 | 7.59 | -25.37 | 1.36 | 3.48 | 8.08 | 32.89 | 6.69 | 25.52 | 16.17 | 11.52 | 10.11 | 8.94 | 1.50 | -13.79 | 10.23 | 28.04 | 60.37 | -2.55 | 93.93 | -43.85 | 6.07 | 0 | 1.11 | 0 | 12.90 | 11.3 |
| 2017 (4) | 2.59 | -5.47 | 34.10 | 0.68 | 10.17 | 19.79 | 1.31 | -13.99 | 6.08 | -23.43 | 5.33 | -23.31 | 14.50 | -15.5 | 9.28 | -21.49 | 1.74 | 2.35 | 7.99 | -22.2 | 61.95 | 23.55 | 167.28 | 56.37 | -67.28 | 0 | 0.00 | 0 | 11.59 | -3.9 |
| 2016 (3) | 2.74 | -15.95 | 33.87 | 1.32 | 8.49 | -9.87 | 1.53 | -12.69 | 7.94 | -19.39 | 6.95 | -18.33 | 17.16 | -30.58 | 11.82 | -23.69 | 1.70 | -6.08 | 10.27 | -18.43 | 50.14 | 27.78 | 106.98 | 11.6 | -6.98 | 0 | 0.00 | 0 | 12.06 | -2.9 |
| 2015 (2) | 3.26 | 141.48 | 33.43 | 31.2 | 9.42 | 142.16 | 1.75 | -7.07 | 9.85 | 98.59 | 8.51 | 106.05 | 24.72 | 42.73 | 15.49 | 101.69 | 1.81 | 1.12 | 12.59 | 52.61 | 39.24 | -62.5 | 95.86 | 22.49 | 4.73 | -78.22 | 0.00 | 0 | 12.42 | 15.21 |
| 2014 (1) | 1.35 | 264.86 | 25.48 | 0 | 3.89 | 0 | 1.88 | -30.2 | 4.96 | 0 | 4.13 | 0 | 17.32 | 0 | 7.68 | 0 | 1.79 | 15.48 | 8.25 | 27.51 | 104.64 | -39.73 | 78.26 | 4.35 | 21.74 | -13.04 | 0.00 | 0 | 10.78 | -12.43 |
