- 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) | -0.12 | -120.0 | -113.04 | 19.98 | 1.94 | 4.33 | 7.85 | 40.43 | 3.84 | -0.82 | -107.08 | -104.62 | -1.75 | -117.93 | -112.84 | -0.57 | -120.88 | -114.11 | -0.15 | -109.62 | -106.41 | 0.16 | 6.67 | 0.0 | 2.16 | -85.46 | -89.61 | 98.71 | 0.87 | 20.66 | -1100.00 | -2352.38 | -2690.32 | 1200.00 | 2245.45 | 1985.71 | 13.63 | -10.33 | -3.4 |
| 24Q2 (19) | 0.60 | -21.05 | -34.07 | 19.60 | 40.91 | -0.91 | 5.59 | 4558.33 | -36.41 | 11.58 | -29.86 | -35.27 | 9.76 | -27.76 | -29.28 | 2.73 | -18.75 | -25.61 | 1.56 | -20.41 | -31.28 | 0.15 | 7.14 | -6.25 | 14.86 | -26.14 | -28.73 | 97.86 | 19.84 | 16.93 | 48.84 | 0 | -0.93 | 51.16 | -47.92 | 0.9 | 15.20 | -6.75 | 13.69 |
| 24Q1 (18) | 0.76 | 193.83 | 137.5 | 13.91 | 47.04 | -42.87 | 0.12 | 104.58 | -99.0 | 16.51 | 192.86 | 57.84 | 13.51 | 197.62 | 157.33 | 3.36 | 194.65 | 177.69 | 1.96 | 208.29 | 125.29 | 0.14 | 0.0 | -6.67 | 20.12 | 242.49 | 50.49 | 81.66 | -1.29 | 46.42 | 0.00 | -100.0 | -100.0 | 98.25 | 14.62 | 738.6 | 16.30 | 21.1 | 4.15 |
| 23Q4 (17) | -0.81 | -188.04 | -252.83 | 9.46 | -50.6 | -64.19 | -2.62 | -134.66 | -116.81 | -17.78 | -200.17 | -307.23 | -13.84 | -201.54 | -352.09 | -3.55 | -187.87 | -274.02 | -1.81 | -177.35 | -234.07 | 0.14 | -12.5 | -39.13 | -14.12 | -167.95 | -234.35 | 82.73 | 1.12 | 52.13 | 14.29 | -66.36 | -92.08 | 85.71 | 48.98 | 206.62 | 13.46 | -4.61 | 28.93 |
| 23Q3 (16) | 0.92 | 1.1 | -77.23 | 19.15 | -3.19 | -49.39 | 7.56 | -13.99 | -73.22 | 17.75 | -0.78 | -51.12 | 13.63 | -1.23 | -55.73 | 4.04 | 10.08 | -76.24 | 2.34 | 3.08 | -75.19 | 0.16 | 0.0 | -46.67 | 20.78 | -0.34 | -45.23 | 81.81 | -2.25 | 21.34 | 42.47 | -13.86 | -45.46 | 57.53 | 13.47 | 159.8 | 14.11 | 5.53 | 48.68 |
| 23Q2 (15) | 0.91 | 184.38 | -64.45 | 19.78 | -18.77 | -39.82 | 8.79 | -26.63 | -61.28 | 17.89 | 71.03 | -33.91 | 13.80 | 162.86 | -38.12 | 3.67 | 203.31 | -68.14 | 2.27 | 160.92 | -62.97 | 0.16 | 6.67 | -40.74 | 20.85 | 55.95 | -27.45 | 83.69 | 50.06 | -16.62 | 49.30 | -57.28 | -41.34 | 50.70 | 429.58 | 217.75 | 13.37 | -14.57 | 24.95 |
| 23Q1 (14) | 0.32 | -39.62 | -86.27 | 24.35 | -7.83 | -25.1 | 11.98 | -23.16 | -44.07 | 10.46 | 21.91 | -60.05 | 5.25 | -4.37 | -75.84 | 1.21 | -40.69 | -88.82 | 0.87 | -35.56 | -85.25 | 0.15 | -34.78 | -44.44 | 13.37 | 27.21 | -52.06 | 55.77 | 2.56 | -31.76 | 115.38 | -36.04 | 41.12 | -15.38 | 80.86 | -184.37 | 15.65 | 49.9 | 77.64 |
| 22Q4 (13) | 0.53 | -86.88 | -59.85 | 26.42 | -30.18 | 1.62 | 15.59 | -44.78 | -2.2 | 8.58 | -76.37 | -42.11 | 5.49 | -82.17 | -53.12 | 2.04 | -88.0 | -69.6 | 1.35 | -85.68 | -60.41 | 0.23 | -23.33 | -17.86 | 10.51 | -72.3 | -36.11 | 54.38 | -19.34 | -40.16 | 180.39 | 131.7 | 67.15 | -80.39 | -463.02 | -914.95 | 10.44 | 10.01 | 12.14 |
| 22Q3 (12) | 4.04 | 57.81 | 158.97 | 37.84 | 15.12 | 27.62 | 28.23 | 24.36 | 58.95 | 36.31 | 34.13 | 101.95 | 30.79 | 38.07 | 110.6 | 17.00 | 47.57 | 109.1 | 9.43 | 53.83 | 132.27 | 0.30 | 11.11 | 11.11 | 37.94 | 32.01 | 93.28 | 67.42 | -32.83 | -41.53 | 77.85 | -7.36 | -21.47 | 22.15 | 38.78 | 2468.86 | 9.49 | -11.31 | 4.4 |
| 22Q2 (11) | 2.56 | 9.87 | 232.47 | 32.87 | 1.11 | 41.68 | 22.70 | 5.98 | 68.77 | 27.07 | 3.4 | 158.06 | 22.30 | 2.62 | 178.4 | 11.52 | 6.47 | 185.15 | 6.13 | 3.9 | 181.19 | 0.27 | 0.0 | 3.85 | 28.74 | 3.05 | 133.47 | 100.37 | 22.81 | 5.64 | 84.04 | 2.79 | -35.11 | 15.96 | -12.49 | 157.26 | 10.70 | 21.45 | 2.98 |
| 22Q1 (10) | 2.33 | 76.52 | 417.78 | 32.51 | 25.04 | 76.78 | 21.42 | 34.38 | 204.26 | 26.18 | 76.65 | 308.42 | 21.73 | 85.57 | 306.17 | 10.82 | 61.25 | 347.11 | 5.90 | 73.02 | 318.44 | 0.27 | -3.57 | 8.0 | 27.89 | 69.54 | 234.01 | 81.73 | -10.06 | -8.9 | 81.76 | -24.24 | -25.05 | 18.24 | 330.22 | 300.59 | 8.81 | -5.37 | -29.01 |
| 21Q4 (9) | 1.32 | -15.38 | 131.58 | 26.00 | -12.31 | 54.21 | 15.94 | -10.25 | 99.75 | 14.82 | -17.58 | 128.7 | 11.71 | -19.9 | 91.97 | 6.71 | -17.47 | 113.69 | 3.41 | -16.01 | 83.33 | 0.28 | 3.7 | -3.45 | 16.45 | -16.2 | 99.39 | 90.87 | -21.2 | 29.85 | 107.92 | 8.86 | -11.27 | -7.92 | -1018.81 | 67.44 | 9.31 | 2.42 | -15.67 |
| 21Q3 (8) | 1.56 | 102.6 | 578.26 | 29.65 | 27.8 | 108.95 | 17.76 | 32.04 | 172.39 | 17.98 | 71.4 | 451.53 | 14.62 | 82.52 | 466.67 | 8.13 | 101.24 | 520.61 | 4.06 | 86.24 | 413.92 | 0.27 | 3.85 | -3.57 | 19.63 | 59.46 | 285.66 | 115.31 | 21.37 | 42.52 | 99.14 | -23.45 | -50.43 | 0.86 | 103.09 | 100.86 | 9.09 | -12.51 | -10.62 |
| 21Q2 (7) | 0.77 | 71.11 | 54.0 | 23.20 | 26.16 | 35.75 | 13.45 | 91.05 | 90.51 | 10.49 | 63.65 | 27.77 | 8.01 | 49.72 | 19.02 | 4.04 | 66.94 | 51.88 | 2.18 | 54.61 | 37.11 | 0.26 | 4.0 | 13.04 | 12.31 | 47.43 | 17.35 | 95.01 | 5.91 | 16.41 | 129.51 | 18.72 | 49.74 | -27.87 | -206.56 | -306.23 | 10.39 | -16.28 | 0 |
| 21Q1 (6) | 0.45 | -21.05 | -28.57 | 18.39 | 9.07 | 2.79 | 7.04 | -11.78 | -24.14 | 6.41 | -1.08 | -20.07 | 5.35 | -12.3 | -21.9 | 2.42 | -22.93 | -25.54 | 1.41 | -24.19 | -28.43 | 0.25 | -13.79 | -10.71 | 8.35 | 1.21 | -14.97 | 89.71 | 28.19 | 28.99 | 109.09 | -10.3 | -5.59 | -9.09 | 62.63 | 41.56 | 12.41 | 12.41 | 0 |
| 20Q4 (5) | 0.57 | 147.83 | 171.43 | 16.86 | 18.82 | 12.78 | 7.98 | 22.39 | 13.19 | 6.48 | 98.77 | 134.78 | 6.10 | 136.43 | 177.27 | 3.14 | 139.69 | 190.74 | 1.86 | 135.44 | 165.71 | 0.29 | 3.57 | 3.57 | 8.25 | 62.08 | 82.52 | 69.98 | -13.51 | -6.38 | 121.62 | -39.19 | -52.54 | -24.32 | 75.68 | 84.43 | 11.04 | 8.55 | 13.81 |
| 20Q3 (4) | 0.23 | -54.0 | 0.0 | 14.19 | -16.97 | 0.0 | 6.52 | -7.65 | 0.0 | 3.26 | -60.29 | 0.0 | 2.58 | -61.66 | 0.0 | 1.31 | -50.75 | 0.0 | 0.79 | -50.31 | 0.0 | 0.28 | 21.74 | 0.0 | 5.09 | -51.48 | 0.0 | 80.91 | -0.87 | 0.0 | 200.00 | 131.25 | 0.0 | -100.00 | -840.0 | 0.0 | 10.17 | 0 | 0.0 |
| 20Q2 (3) | 0.50 | -20.63 | 0.0 | 17.09 | -4.47 | 0.0 | 7.06 | -23.92 | 0.0 | 8.21 | 2.37 | 0.0 | 6.73 | -1.75 | 0.0 | 2.66 | -18.15 | 0.0 | 1.59 | -19.29 | 0.0 | 0.23 | -17.86 | 0.0 | 10.49 | 6.82 | 0.0 | 81.62 | 17.35 | 0.0 | 86.49 | -25.16 | 0.0 | 13.51 | 186.87 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.63 | 200.0 | 0.0 | 17.89 | 19.67 | 0.0 | 9.28 | 31.63 | 0.0 | 8.02 | 190.58 | 0.0 | 6.85 | 211.36 | 0.0 | 3.25 | 200.93 | 0.0 | 1.97 | 181.43 | 0.0 | 0.28 | 0.0 | 0.0 | 9.82 | 117.26 | 0.0 | 69.55 | -6.96 | 0.0 | 115.56 | -54.91 | 0.0 | -15.56 | 90.04 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 14.95 | 0.0 | 0.0 | 7.05 | 0.0 | 0.0 | 2.76 | 0.0 | 0.0 | 2.20 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 4.52 | 0.0 | 0.0 | 74.75 | 0.0 | 0.0 | 256.25 | 0.0 | 0.0 | -156.25 | 0.0 | 0.0 | 9.70 | 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) | 1.34 | -85.84 | 18.35 | -44.12 | 6.61 | -70.58 | 2.21 | 72.72 | 7.82 | -69.39 | 5.30 | -74.76 | 5.47 | -86.45 | 3.71 | -84.61 | 0.62 | -45.13 | 10.94 | -59.9 | 82.73 | 52.13 | 85.00 | -3.37 | 15.83 | 31.57 | 0.04 | 0 | 14.15 | 43.8 |
| 2022 (9) | 9.46 | 130.73 | 32.84 | 33.06 | 22.47 | 61.19 | 1.28 | -5.71 | 25.55 | 99.14 | 21.00 | 105.08 | 40.36 | 91.37 | 24.11 | 100.42 | 1.13 | -0.88 | 27.28 | 87.11 | 54.38 | -40.16 | 87.97 | -18.8 | 12.03 | 0 | 0.00 | 0 | 9.84 | -3.24 |
| 2021 (8) | 4.10 | 111.34 | 24.68 | 49.67 | 13.94 | 79.87 | 1.36 | -12.4 | 12.83 | 99.84 | 10.24 | 85.51 | 21.09 | 107.17 | 12.03 | 94.35 | 1.14 | 6.54 | 14.58 | 76.3 | 90.87 | 29.85 | 108.33 | -10.71 | -8.65 | 0 | 0.00 | 0 | 10.17 | -10.16 |
| 2020 (7) | 1.94 | -18.49 | 16.49 | 3.13 | 7.75 | 1.84 | 1.55 | 17.28 | 6.42 | -12.18 | 5.52 | -7.38 | 10.18 | -13.58 | 6.19 | -15.09 | 1.07 | -7.76 | 8.27 | -8.21 | 69.98 | -6.38 | 121.32 | 16.71 | -20.59 | 0 | 0.00 | 0 | 11.32 | 9.06 |
| 2019 (6) | 2.38 | -52.59 | 15.99 | -24.47 | 7.61 | -40.31 | 1.32 | 15.53 | 7.31 | -45.61 | 5.96 | -48.71 | 11.78 | -53.14 | 7.29 | -53.06 | 1.16 | -11.45 | 9.01 | -39.49 | 74.75 | 14.93 | 103.95 | 9.56 | -3.95 | 0 | 0.00 | 0 | 10.38 | -1.05 |
| 2018 (5) | 5.02 | 50.3 | 21.17 | 6.12 | 12.75 | 12.43 | 1.15 | 0.07 | 13.44 | 36.59 | 11.62 | 40.34 | 25.14 | 39.9 | 15.53 | 32.74 | 1.31 | -5.07 | 14.89 | 32.47 | 65.04 | 0.06 | 94.89 | -17.74 | 5.11 | 0 | 0.00 | 0 | 10.49 | -0.85 |
| 2017 (4) | 3.34 | 12.84 | 19.95 | 6.06 | 11.34 | 19.24 | 1.14 | -23.2 | 9.84 | 5.81 | 8.28 | 2.1 | 17.97 | 7.8 | 11.70 | 3.45 | 1.38 | 1.47 | 11.24 | 1.63 | 65.00 | 30.97 | 115.35 | 12.62 | -15.35 | 0 | 0.00 | 0 | 10.58 | -6.04 |
| 2016 (3) | 2.96 | 21.81 | 18.81 | 11.7 | 9.51 | 23.67 | 1.49 | -16.77 | 9.30 | 11.78 | 8.11 | 14.06 | 16.67 | 21.59 | 11.31 | 20.45 | 1.36 | 6.25 | 11.06 | 6.35 | 49.63 | -7.65 | 102.43 | 10.8 | -2.43 | 0 | 0.00 | 0 | 11.26 | 8.9 |
| 2015 (2) | 2.43 | -34.68 | 16.84 | 2.18 | 7.69 | -1.79 | 1.79 | 21.95 | 8.32 | -12.14 | 7.11 | -14.13 | 13.71 | -38.41 | 9.39 | -32.78 | 1.28 | -21.95 | 10.40 | -7.72 | 53.74 | 13.93 | 92.44 | 11.97 | 7.56 | -56.67 | 0.00 | 0 | 10.34 | 12.39 |
| 2014 (1) | 3.72 | 129.63 | 16.48 | 0 | 7.83 | 0 | 1.47 | -10.25 | 9.47 | 0 | 8.28 | 0 | 22.26 | 0 | 13.97 | 0 | 1.64 | 1.86 | 11.27 | 73.38 | 47.17 | -44.12 | 82.56 | -18.84 | 17.44 | 0 | 0.00 | 0 | 9.20 | 6.98 |
