- 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) | -0.15 | -133.33 | -200.0 | 18.91 | -4.49 | 39.25 | 1.42 | -50.35 | 142.64 | -2.80 | -136.84 | -152.34 | -2.24 | -135.96 | -191.43 | -0.33 | -133.67 | -200.0 | -0.24 | -128.24 | -182.76 | 0.12 | -7.69 | 9.09 | 3.96 | -72.69 | -69.13 | 21.96 | -5.3 | 14.85 | -50.00 | -233.33 | 16.67 | 150.00 | 140.0 | -6.25 | 37.45 | 0.94 | -3.43 |
| 24Q2 (19) | 0.45 | 80.0 | -58.33 | 19.80 | 33.06 | 4.6 | 2.86 | 181.95 | -15.63 | 7.60 | 35.47 | -48.65 | 6.23 | 39.37 | -55.75 | 0.98 | 78.18 | -58.65 | 0.85 | 73.47 | -56.41 | 0.13 | 30.0 | -7.14 | 14.50 | 4.02 | -32.05 | 23.19 | 19.17 | -0.56 | 37.50 | 157.5 | 65.79 | 62.50 | -62.17 | -19.23 | 37.10 | -11.16 | 7.57 |
| 24Q1 (18) | 0.25 | 164.1 | 131.65 | 14.88 | -22.66 | 15.8 | -3.49 | -398.29 | 55.08 | 5.61 | 184.23 | 150.68 | 4.47 | 172.8 | 131.5 | 0.55 | 165.48 | 132.35 | 0.49 | 171.01 | 135.77 | 0.10 | -16.67 | 0.0 | 13.94 | 2078.12 | 920.0 | 19.46 | 10.25 | -16.44 | -65.22 | -304.35 | -193.75 | 165.22 | 38.43 | 442.86 | 41.76 | 26.28 | -5.73 |
| 23Q4 (17) | -0.39 | -360.0 | -5.41 | 19.24 | 41.68 | -1.94 | 1.17 | 135.14 | -74.12 | -6.66 | -224.49 | -45.1 | -6.14 | -350.61 | -16.51 | -0.84 | -354.55 | -7.69 | -0.69 | -337.93 | -11.29 | 0.12 | 9.09 | 0.0 | 0.64 | -95.01 | -77.54 | 17.65 | -7.69 | -7.01 | -16.13 | 73.12 | 83.87 | 119.35 | -25.4 | -40.32 | 33.07 | -14.72 | -1.75 |
| 23Q3 (16) | 0.15 | -86.11 | -87.9 | 13.58 | -28.26 | -19.69 | -3.33 | -198.23 | -912.2 | 5.35 | -63.85 | -74.46 | 2.45 | -82.6 | -85.19 | 0.33 | -86.08 | -87.31 | 0.29 | -85.13 | -86.26 | 0.11 | -21.43 | -15.38 | 12.83 | -39.88 | -54.86 | 19.12 | -18.01 | -12.85 | -60.00 | -365.26 | -3580.0 | 160.00 | 106.77 | 62.81 | 38.78 | 12.44 | 11.34 |
| 23Q2 (15) | 1.08 | 236.71 | -8.47 | 18.93 | 47.32 | -21.35 | 3.39 | 143.63 | -63.11 | 14.80 | 233.69 | -27.63 | 14.08 | 199.22 | -3.36 | 2.37 | 239.41 | -6.32 | 1.95 | 242.34 | -2.5 | 0.14 | 40.0 | 0.0 | 21.34 | 1355.29 | -22.15 | 23.32 | 0.13 | -14.77 | 22.62 | -67.49 | -49.42 | 77.38 | 154.25 | 39.97 | 34.49 | -22.14 | 2.99 |
| 23Q1 (14) | -0.79 | -113.51 | -209.72 | 12.85 | -34.51 | -31.43 | -7.77 | -271.9 | -345.11 | -11.07 | -141.18 | -199.1 | -14.19 | -169.26 | -251.44 | -1.70 | -117.95 | -209.68 | -1.37 | -120.97 | -209.6 | 0.10 | -16.67 | -23.08 | -1.70 | -159.65 | -108.74 | 23.29 | 22.71 | -13.61 | 69.57 | 169.57 | 147.34 | 30.43 | -84.78 | -57.66 | 44.30 | 31.61 | 21.5 |
| 22Q4 (13) | -0.37 | -129.84 | -135.58 | 19.62 | 16.03 | -27.25 | 4.52 | 1002.44 | -68.26 | -4.59 | -121.91 | -135.78 | -5.27 | -131.86 | -155.3 | -0.78 | -130.0 | -134.67 | -0.62 | -129.38 | -133.88 | 0.12 | -7.69 | -36.84 | 2.85 | -89.97 | -84.72 | 18.98 | -13.49 | -17.91 | -100.00 | -5900.0 | -190.52 | 200.00 | 103.51 | 1850.0 | 33.66 | -3.36 | 17.45 |
| 22Q3 (12) | 1.24 | 5.08 | 202.44 | 16.91 | -29.75 | -13.86 | 0.41 | -95.54 | -93.72 | 20.95 | 2.44 | 191.78 | 16.54 | 13.52 | 282.87 | 2.60 | 2.77 | 192.13 | 2.11 | 5.5 | 205.8 | 0.13 | -7.14 | -18.75 | 28.42 | 3.68 | 113.84 | 21.94 | -19.81 | -13.42 | 1.72 | -96.14 | -98.13 | 98.28 | 77.76 | 882.76 | 34.83 | 4.0 | 11.49 |
| 22Q2 (11) | 1.18 | 63.89 | 306.9 | 24.07 | 28.44 | 13.43 | 9.19 | 189.91 | -5.36 | 20.45 | 83.08 | 305.75 | 14.57 | 55.5 | 443.66 | 2.53 | 63.23 | 301.59 | 2.00 | 60.0 | 316.67 | 0.14 | 7.69 | -22.22 | 27.41 | 41.0 | 165.34 | 27.36 | 1.48 | -20.28 | 44.72 | 58.99 | -76.77 | 55.28 | -23.08 | 159.77 | 33.49 | -8.15 | 5.12 |
| 22Q1 (10) | 0.72 | -30.77 | 1.41 | 18.74 | -30.52 | -18.87 | 3.17 | -77.74 | -69.04 | 11.17 | -12.94 | 8.98 | 9.37 | -1.68 | 30.87 | 1.55 | -31.11 | 1.31 | 1.25 | -31.69 | 5.93 | 0.13 | -31.58 | -23.53 | 19.44 | 4.24 | 22.42 | 26.96 | 16.61 | -20.98 | 28.12 | -74.54 | -71.5 | 71.88 | 728.91 | 0 | 36.46 | 27.22 | 7.3 |
| 21Q4 (9) | 1.04 | 153.66 | -50.24 | 26.97 | 37.39 | -20.7 | 14.24 | 118.07 | -43.13 | 12.83 | 78.69 | -34.61 | 9.53 | 120.6 | -37.87 | 2.25 | 152.81 | -50.0 | 1.83 | 165.22 | -49.31 | 0.19 | 18.75 | -20.83 | 18.65 | 40.33 | -21.04 | 23.12 | -8.76 | -6.85 | 110.48 | 20.08 | -13.1 | -11.43 | -214.29 | 58.65 | 28.66 | -8.26 | 1.6 |
| 21Q3 (8) | 0.41 | 41.38 | -64.66 | 19.63 | -7.49 | -39.32 | 6.53 | -32.75 | -69.37 | 7.18 | 42.46 | -54.93 | 4.32 | 61.19 | -62.4 | 0.89 | 41.27 | -65.77 | 0.69 | 43.75 | -66.83 | 0.16 | -11.11 | -11.11 | 13.29 | 28.65 | -37.13 | 25.34 | -26.17 | 4.24 | 92.00 | -52.21 | -31.0 | 10.00 | 110.81 | 129.27 | 31.24 | -1.95 | -13.0 |
| 21Q2 (7) | 0.29 | -59.15 | -84.82 | 21.22 | -8.14 | -44.88 | 9.71 | -5.18 | -64.3 | 5.04 | -50.83 | -77.91 | 2.68 | -62.57 | -85.15 | 0.63 | -58.82 | -85.35 | 0.48 | -59.32 | -86.63 | 0.18 | 5.88 | -10.0 | 10.33 | -34.95 | -62.71 | 34.32 | 0.59 | 31.44 | 192.50 | 95.07 | 61.92 | -92.50 | 0 | -389.71 | 31.86 | -6.24 | -3.63 |
| 21Q1 (6) | 0.71 | -66.03 | 42.0 | 23.10 | -32.08 | -0.43 | 10.24 | -59.11 | 45.66 | 10.25 | -47.76 | -15.29 | 7.16 | -53.32 | -24.95 | 1.53 | -66.0 | 36.61 | 1.18 | -67.31 | 21.65 | 0.17 | -29.17 | 70.0 | 15.88 | -32.77 | -30.59 | 34.12 | 37.47 | 146.53 | 98.68 | -22.38 | 71.78 | 0.00 | 100.0 | -100.0 | 33.98 | 20.45 | -10.6 |
| 20Q4 (5) | 2.09 | 80.17 | 145.88 | 34.01 | 5.13 | 7.42 | 25.04 | 17.45 | 24.27 | 19.62 | 23.16 | 75.65 | 15.34 | 33.51 | 71.78 | 4.50 | 73.08 | 133.16 | 3.61 | 73.56 | 120.12 | 0.24 | 33.33 | 33.33 | 23.62 | 11.73 | 38.05 | 24.82 | 2.1 | 47.13 | 127.14 | -4.65 | -29.27 | -27.64 | 19.11 | 65.88 | 28.21 | -21.44 | -4.21 |
| 20Q3 (4) | 1.16 | -39.27 | 0.0 | 32.35 | -15.97 | 0.0 | 21.32 | -21.62 | 0.0 | 15.93 | -30.19 | 0.0 | 11.49 | -36.34 | 0.0 | 2.60 | -39.53 | 0.0 | 2.08 | -42.06 | 0.0 | 0.18 | -10.0 | 0.0 | 21.14 | -23.68 | 0.0 | 24.31 | -6.89 | 0.0 | 133.33 | 12.15 | 0.0 | -34.17 | -80.88 | 0.0 | 35.91 | 8.62 | 0.0 |
| 20Q2 (3) | 1.91 | 282.0 | 0.0 | 38.50 | 65.95 | 0.0 | 27.20 | 286.91 | 0.0 | 22.82 | 88.6 | 0.0 | 18.05 | 89.2 | 0.0 | 4.30 | 283.93 | 0.0 | 3.59 | 270.1 | 0.0 | 0.20 | 100.0 | 0.0 | 27.70 | 21.07 | 0.0 | 26.11 | 88.66 | 0.0 | 118.89 | 106.95 | 0.0 | -18.89 | -144.39 | 0.0 | 33.06 | -13.02 | 0.0 |
| 20Q1 (2) | 0.50 | -41.18 | 0.0 | 23.20 | -26.72 | 0.0 | 7.03 | -65.11 | 0.0 | 12.10 | 8.33 | 0.0 | 9.54 | 6.83 | 0.0 | 1.12 | -41.97 | 0.0 | 0.97 | -40.85 | 0.0 | 0.10 | -44.44 | 0.0 | 22.88 | 33.72 | 0.0 | 13.84 | -17.96 | 0.0 | 57.45 | -68.04 | 0.0 | 42.55 | 152.53 | 0.0 | 38.01 | 29.07 | 0.0 |
| 19Q4 (1) | 0.85 | 0.0 | 0.0 | 31.66 | 0.0 | 0.0 | 20.15 | 0.0 | 0.0 | 11.17 | 0.0 | 0.0 | 8.93 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 1.64 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 17.11 | 0.0 | 0.0 | 16.87 | 0.0 | 0.0 | 179.75 | 0.0 | 0.0 | -81.01 | 0.0 | 0.0 | 29.45 | 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) | 0.05 | -98.19 | 16.41 | -17.62 | -1.19 | 0 | 7.07 | -0.29 | 1.66 | -86.59 | 0.20 | -97.8 | 0.11 | -98.12 | 0.20 | -95.93 | 0.47 | -11.32 | 9.27 | -53.42 | 17.65 | -7.01 | -71.88 | 0 | 168.75 | 161.56 | 0.00 | 0 | 37.29 | 7.74 |
| 2022 (9) | 2.77 | 13.52 | 19.92 | -12.82 | 4.41 | -57.27 | 7.09 | 31.72 | 12.38 | 39.41 | 9.11 | 52.6 | 5.85 | 12.93 | 4.91 | 16.63 | 0.53 | -24.29 | 19.90 | 36.49 | 18.98 | -17.91 | 35.84 | -69.18 | 64.52 | 0 | 0.00 | 0 | 34.61 | 10.33 |
| 2021 (8) | 2.44 | -56.89 | 22.85 | -31.5 | 10.32 | -53.68 | 5.38 | 2.82 | 8.88 | -52.1 | 5.97 | -58.28 | 5.18 | -57.92 | 4.21 | -58.64 | 0.70 | -1.41 | 14.58 | -39.17 | 23.12 | -6.85 | 116.30 | -3.23 | -16.30 | 0 | 0.00 | 0 | 31.37 | -4.3 |
| 2020 (7) | 5.66 | 103.6 | 33.36 | 18.38 | 22.28 | 62.63 | 5.24 | -28.26 | 18.54 | 53.1 | 14.31 | 55.37 | 12.31 | 98.87 | 10.18 | 97.67 | 0.71 | 26.79 | 23.97 | 21.86 | 24.82 | 47.13 | 120.18 | 6.14 | -20.18 | 0 | 0.00 | 0 | 32.78 | -10.53 |
| 2019 (6) | 2.78 | -56.08 | 28.18 | -20.08 | 13.70 | -38.09 | 7.30 | 14.85 | 12.11 | -53.88 | 9.21 | -52.23 | 6.19 | -57.43 | 5.15 | -55.33 | 0.56 | -6.67 | 19.67 | -40.25 | 16.87 | -28.55 | 113.24 | 34.2 | -13.24 | 0 | 0.00 | 0 | 36.64 | 12.22 |
| 2018 (5) | 6.33 | 21.26 | 35.26 | -3.26 | 22.13 | -7.41 | 6.36 | 22.06 | 26.26 | 30.84 | 19.28 | 26.34 | 14.54 | 15.12 | 11.53 | 19.11 | 0.60 | -4.76 | 32.92 | 28.79 | 23.61 | -21.87 | 84.38 | -29.1 | 15.78 | 0 | 0.00 | 0 | 32.65 | 15.58 |
| 2017 (4) | 5.22 | -14.98 | 36.45 | 1.62 | 23.90 | 1.49 | 5.21 | 15.25 | 20.07 | -19.88 | 15.26 | -16.93 | 12.63 | -18.67 | 9.68 | -19.73 | 0.63 | -3.08 | 25.56 | -14.43 | 30.22 | -5.47 | 119.01 | 26.62 | -19.21 | 0 | 0.00 | 0 | 28.25 | -1.7 |
| 2016 (3) | 6.14 | 4.24 | 35.87 | 4.67 | 23.55 | 12.9 | 4.52 | -7.98 | 25.05 | 2.71 | 18.37 | -9.24 | 15.53 | -3.0 | 12.06 | -3.6 | 0.65 | 6.56 | 29.87 | 0.44 | 31.97 | 21.88 | 93.99 | 10.08 | 6.01 | -58.35 | 0.00 | 0 | 28.74 | 2.28 |
| 2015 (2) | 5.89 | -12.61 | 34.27 | -6.49 | 20.86 | -12.06 | 4.91 | 39.09 | 24.39 | -6.08 | 20.24 | -2.88 | 16.01 | -20.82 | 12.51 | -15.93 | 0.61 | -14.08 | 29.74 | -0.27 | 26.23 | -16.17 | 85.39 | -6.54 | 14.42 | 66.91 | 0.00 | 0 | 28.10 | 9.89 |
| 2014 (1) | 6.74 | 22.1 | 36.65 | 0 | 23.72 | 0 | 3.53 | 2.08 | 25.97 | 0 | 20.84 | 0 | 20.22 | 0 | 14.88 | 0 | 0.71 | -6.58 | 29.82 | 9.27 | 31.29 | -28.09 | 91.36 | -7.88 | 8.64 | 947.6 | 0.00 | 0 | 25.57 | 2.32 |
