- 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) | -0.88 | -44.26 | 35.29 | 9.23 | -24.71 | 335.38 | -18.47 | -37.63 | 43.46 | -15.66 | -33.85 | 50.54 | -16.50 | -39.12 | 44.37 | -4.03 | -42.91 | 26.73 | -1.94 | -38.57 | 39.94 | 0.13 | 0.0 | 18.18 | -0.86 | -140.0 | 94.6 | 91.35 | 7.51 | 41.3 | 119.44 | 4.03 | 15.82 | -19.44 | -31.25 | -522.22 | 25.85 | 0.23 | -13.31 |
| 24Q2 (19) | -0.61 | 15.28 | -29.79 | 12.26 | 35.32 | -32.3 | -13.42 | 23.58 | -17.93 | -11.70 | 16.37 | -27.45 | -11.86 | 19.97 | -40.19 | -2.82 | 9.9 | -61.14 | -1.40 | 14.11 | -38.61 | 0.13 | 8.33 | 0.0 | 2.15 | 128.72 | -35.82 | 84.97 | 3.51 | 27.95 | 114.81 | -6.91 | -6.45 | -14.81 | 44.44 | 34.81 | 25.79 | -7.7 | 4.75 |
| 24Q1 (18) | -0.72 | 51.35 | -900.0 | 9.06 | 335.94 | -60.07 | -17.56 | 47.3 | -2778.69 | -13.99 | 58.06 | -1064.83 | -14.82 | 54.72 | -1129.17 | -3.13 | 49.84 | -1143.33 | -1.63 | 54.08 | -703.7 | 0.12 | 9.09 | -7.69 | 0.94 | 105.34 | -92.89 | 82.09 | 6.57 | 49.96 | 123.33 | 23.33 | 346.67 | -26.67 | 0 | -121.33 | 27.94 | 17.79 | 11.01 |
| 23Q4 (17) | -1.48 | -8.82 | -522.86 | -3.84 | -281.13 | -114.0 | -33.32 | -1.99 | -484.31 | -33.36 | -5.37 | -653.23 | -32.73 | -10.35 | -766.6 | -6.24 | -13.45 | -591.34 | -3.55 | -9.91 | -508.05 | 0.11 | 0.0 | -31.25 | -17.59 | -10.49 | -211.61 | 77.03 | 19.15 | 31.18 | 100.00 | -3.03 | -29.63 | -0.00 | 100.0 | 100.0 | 23.72 | -20.46 | 19.8 |
| 23Q3 (16) | -1.36 | -189.36 | -219.3 | 2.12 | -88.29 | -92.88 | -32.67 | -187.08 | -351.11 | -31.66 | -244.88 | -285.69 | -29.66 | -250.59 | -318.89 | -5.50 | -214.29 | -228.5 | -3.23 | -219.8 | -220.52 | 0.11 | -15.38 | -42.11 | -15.92 | -575.22 | -163.0 | 64.65 | -2.65 | 6.93 | 103.12 | -15.97 | 36.04 | -3.12 | 86.25 | -112.92 | 29.82 | 21.12 | 43.64 |
| 23Q2 (15) | -0.47 | -622.22 | -130.32 | 18.11 | -20.19 | -51.58 | -11.38 | -1765.57 | -160.53 | -9.18 | -733.1 | -143.61 | -8.46 | -687.5 | -149.97 | -1.75 | -683.33 | -130.76 | -1.01 | -474.07 | -127.08 | 0.13 | 0.0 | -40.91 | 3.35 | -74.68 | -88.29 | 66.41 | 21.32 | 0.97 | 122.73 | 345.45 | 37.65 | -22.73 | -118.18 | -309.6 | 24.62 | -2.19 | 18.77 |
| 23Q1 (14) | 0.09 | -74.29 | -91.43 | 22.69 | -17.25 | -34.54 | -0.61 | -107.04 | -104.21 | 1.45 | -75.95 | -91.1 | 1.44 | -70.67 | -88.79 | 0.30 | -76.38 | -91.94 | 0.27 | -68.97 | -89.66 | 0.13 | -18.75 | -35.0 | 13.23 | -16.05 | -46.15 | 54.74 | -6.78 | 26.04 | -50.00 | -135.19 | -155.88 | 125.00 | 396.88 | 1087.5 | 25.17 | 27.12 | 12.22 |
| 22Q4 (13) | 0.35 | -69.3 | -74.45 | 27.42 | -7.96 | -26.84 | 8.67 | -33.36 | -55.08 | 6.03 | -64.63 | -69.58 | 4.91 | -63.76 | -69.04 | 1.27 | -70.33 | -75.76 | 0.87 | -67.54 | -76.42 | 0.16 | -15.79 | -30.43 | 15.76 | -37.63 | -42.9 | 58.72 | -2.88 | 30.46 | 142.11 | 87.46 | 45.95 | -42.11 | -274.04 | -1700.0 | 19.80 | -4.62 | 6.97 |
| 22Q3 (12) | 1.14 | -26.45 | -8.8 | 29.79 | -20.35 | -20.05 | 13.01 | -30.8 | -26.95 | 17.05 | -19.0 | -13.54 | 13.55 | -19.96 | -11.32 | 4.28 | -24.78 | -9.7 | 2.68 | -28.15 | -21.18 | 0.19 | -13.64 | -13.64 | 25.27 | -11.67 | -9.17 | 60.46 | -8.07 | 44.78 | 75.81 | -14.97 | -16.03 | 24.19 | 123.12 | 148.85 | 20.76 | 0.14 | 3.59 |
| 22Q2 (11) | 1.55 | 47.62 | 55.0 | 37.40 | 7.91 | 10.26 | 18.80 | 29.83 | 30.37 | 21.05 | 29.22 | 32.47 | 16.93 | 31.75 | 33.2 | 5.69 | 52.96 | 48.95 | 3.73 | 42.91 | 36.63 | 0.22 | 10.0 | 4.76 | 28.61 | 16.44 | 17.79 | 65.77 | 51.44 | 66.3 | 89.16 | -0.35 | -2.1 | 10.84 | 3.01 | 21.45 | 20.73 | -7.58 | 12.05 |
| 22Q1 (10) | 1.05 | -23.36 | 29.63 | 34.66 | -7.52 | 15.23 | 14.48 | -24.97 | 14.2 | 16.29 | -17.81 | 25.99 | 12.85 | -18.98 | 24.27 | 3.72 | -29.01 | 15.89 | 2.61 | -29.27 | 16.0 | 0.20 | -13.04 | -4.76 | 24.57 | -10.98 | 14.12 | 43.43 | -3.51 | 1.76 | 89.47 | -8.11 | -8.54 | 10.53 | 300.0 | 384.21 | 22.43 | 21.18 | 19.63 |
| 21Q4 (9) | 1.37 | 9.6 | 77.92 | 37.48 | 0.59 | 28.93 | 19.30 | 8.37 | 81.9 | 19.82 | 0.51 | 59.32 | 15.86 | 3.8 | 59.4 | 5.24 | 10.55 | 67.41 | 3.69 | 8.53 | 75.71 | 0.23 | 4.55 | 9.52 | 27.60 | -0.79 | 29.4 | 45.01 | 7.78 | -4.27 | 97.37 | 7.85 | 13.16 | 2.63 | -72.93 | -81.14 | 18.51 | -7.63 | 0.98 |
| 21Q3 (8) | 1.25 | 25.0 | 228.95 | 37.26 | 9.85 | 61.3 | 17.81 | 23.51 | 179.59 | 19.72 | 24.1 | 232.55 | 15.28 | 20.22 | 222.36 | 4.74 | 24.08 | 200.0 | 3.40 | 24.54 | 233.33 | 0.22 | 4.76 | 10.0 | 27.82 | 14.53 | 92.66 | 41.76 | 5.59 | -28.1 | 90.28 | -0.87 | -17.57 | 9.72 | 8.89 | 202.08 | 20.04 | 8.32 | 20.43 |
| 21Q2 (7) | 1.00 | 23.46 | 58.73 | 33.92 | 12.77 | 67.18 | 14.42 | 13.72 | 127.44 | 15.89 | 22.89 | 103.98 | 12.71 | 22.92 | 85.01 | 3.82 | 19.0 | 42.54 | 2.73 | 21.33 | 65.45 | 0.21 | 0.0 | -8.7 | 24.29 | 12.82 | 57.93 | 39.55 | -7.33 | -43.15 | 91.07 | -6.9 | 12.09 | 8.93 | 310.71 | -52.38 | 18.50 | -1.33 | 0 |
| 21Q1 (6) | 0.81 | 5.19 | 285.71 | 30.08 | 3.47 | 26.44 | 12.68 | 19.51 | 218.59 | 12.93 | 3.94 | 193.86 | 10.34 | 3.92 | 193.75 | 3.21 | 2.56 | 260.67 | 2.25 | 7.14 | 275.0 | 0.21 | 0.0 | 40.0 | 21.53 | 0.94 | 33.15 | 42.68 | -9.23 | -38.56 | 97.83 | 13.69 | 6.72 | 2.17 | -84.42 | -73.91 | 18.75 | 2.29 | -21.15 |
| 20Q4 (5) | 0.77 | 102.63 | 1183.33 | 29.07 | 25.84 | 55.04 | 10.61 | 66.56 | 1333.78 | 12.44 | 109.78 | 1041.28 | 9.95 | 109.92 | 1043.68 | 3.13 | 98.1 | 1103.85 | 2.10 | 105.88 | 813.04 | 0.21 | 5.0 | 23.53 | 21.33 | 47.71 | 81.84 | 47.02 | -19.04 | -34.13 | 86.05 | -21.44 | 29.07 | 13.95 | 246.51 | -58.14 | 18.33 | 10.16 | 0 |
| 20Q3 (4) | 0.38 | -39.68 | 0.0 | 23.10 | 13.85 | 0.0 | 6.37 | 0.47 | 0.0 | 5.93 | -23.88 | 0.0 | 4.74 | -31.0 | 0.0 | 1.58 | -41.04 | 0.0 | 1.02 | -38.18 | 0.0 | 0.20 | -13.04 | 0.0 | 14.44 | -6.11 | 0.0 | 58.08 | -16.52 | 0.0 | 109.52 | 34.8 | 0.0 | -9.52 | -150.79 | 0.0 | 16.64 | 0 | 0.0 |
| 20Q2 (3) | 0.63 | 200.0 | 0.0 | 20.29 | -14.71 | 0.0 | 6.34 | 59.3 | 0.0 | 7.79 | 77.05 | 0.0 | 6.87 | 95.17 | 0.0 | 2.68 | 201.12 | 0.0 | 1.65 | 175.0 | 0.0 | 0.23 | 53.33 | 0.0 | 15.38 | -4.89 | 0.0 | 69.57 | 0.14 | 0.0 | 81.25 | -11.36 | 0.0 | 18.75 | 125.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.21 | 250.0 | 0.0 | 23.79 | 26.88 | 0.0 | 3.98 | 437.84 | 0.0 | 4.40 | 303.67 | 0.0 | 3.52 | 304.6 | 0.0 | 0.89 | 242.31 | 0.0 | 0.60 | 160.87 | 0.0 | 0.15 | -11.76 | 0.0 | 16.17 | 37.85 | 0.0 | 69.47 | -2.68 | 0.0 | 91.67 | 37.5 | 0.0 | 8.33 | -75.0 | 0.0 | 23.78 | 0 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 18.75 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 1.09 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 11.73 | 0.0 | 0.0 | 71.38 | 0.0 | 0.0 | 66.67 | 0.0 | 0.0 | 33.33 | 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) | -3.22 | 0 | 10.96 | -66.37 | -17.94 | 0 | 12.61 | 58.59 | -16.55 | 0 | -15.76 | 0 | -12.67 | 0 | -7.24 | 0 | 0.48 | -38.46 | -2.79 | 0 | 77.03 | 31.18 | 108.78 | 20.81 | -8.11 | 0 | 1.89 | 1726.91 | 25.75 | 22.91 |
| 2022 (9) | 4.09 | -8.5 | 32.59 | -6.24 | 14.03 | -13.02 | 7.95 | 0.54 | 15.57 | -9.27 | 12.43 | -8.67 | 14.74 | -14.25 | 9.89 | -16.89 | 0.78 | -10.34 | 23.93 | -5.71 | 58.72 | 30.46 | 90.05 | -4.21 | 9.95 | 65.91 | 0.10 | 77.6 | 20.95 | 10.55 |
| 2021 (8) | 4.47 | 124.62 | 34.76 | 41.19 | 16.13 | 124.65 | 7.91 | -8.88 | 17.16 | 112.9 | 13.61 | 104.97 | 17.19 | 108.36 | 11.90 | 118.35 | 0.87 | 11.54 | 25.38 | 46.87 | 45.01 | -4.27 | 94.00 | 5.63 | 6.00 | -45.5 | 0.06 | -51.9 | 18.95 | 2.93 |
| 2020 (7) | 1.99 | 468.57 | 24.62 | 41.58 | 7.18 | 1039.68 | 8.68 | -2.73 | 8.06 | 400.62 | 6.64 | 467.52 | 8.25 | 465.07 | 5.45 | 361.86 | 0.78 | 8.33 | 17.28 | 54.15 | 47.02 | -34.13 | 88.99 | 117.53 | 11.01 | -81.37 | 0.12 | -45.36 | 18.41 | -10.89 |
| 2019 (6) | 0.35 | -88.6 | 17.39 | -35.85 | 0.63 | -93.54 | 8.92 | 46.41 | 1.61 | -84.47 | 1.17 | -85.82 | 1.46 | -87.76 | 1.18 | -84.2 | 0.72 | -18.18 | 11.21 | -33.07 | 71.38 | -5.18 | 40.91 | -56.61 | 59.09 | 840.08 | 0.22 | 332.65 | 20.66 | 1.37 |
| 2018 (5) | 3.07 | -50.24 | 27.11 | -13.14 | 9.75 | -42.27 | 6.09 | 114.28 | 10.37 | -37.87 | 8.25 | -40.43 | 11.93 | -54.93 | 7.47 | -52.63 | 0.88 | -22.12 | 16.75 | -15.23 | 75.28 | 41.98 | 94.29 | -7.1 | 6.29 | 0 | 0.05 | 0 | 20.38 | 17.67 |
| 2017 (4) | 6.17 | 2.49 | 31.21 | -5.99 | 16.89 | -6.63 | 2.84 | 25.15 | 16.69 | -9.69 | 13.85 | -9.6 | 26.47 | -18.55 | 15.77 | -15.08 | 1.13 | -6.61 | 19.76 | -5.59 | 53.02 | -42.85 | 101.50 | 3.85 | -1.20 | 0 | 0.00 | 0 | 17.32 | -7.73 |
| 2016 (3) | 6.02 | 54.76 | 33.20 | 14.17 | 18.09 | 47.55 | 2.27 | -42.74 | 18.48 | 35.29 | 15.32 | 35.94 | 32.50 | 33.47 | 18.57 | 14.84 | 1.21 | -15.38 | 20.93 | 17.98 | 92.78 | 67.65 | 97.73 | 9.56 | 1.94 | -81.01 | 0.00 | 0 | 18.77 | -17.6 |
| 2015 (2) | 3.89 | 39.43 | 29.08 | 11.37 | 12.26 | 20.79 | 3.97 | -43.97 | 13.66 | 9.98 | 11.27 | 11.03 | 24.35 | 16.95 | 16.17 | 11.36 | 1.43 | 0.7 | 17.74 | -9.9 | 55.34 | 25.54 | 89.20 | 9.44 | 10.23 | -44.68 | 0.00 | 0 | 22.78 | -8.73 |
| 2014 (1) | 2.79 | 316.42 | 26.11 | 0 | 10.15 | 0 | 7.08 | -34.98 | 12.42 | 0 | 10.15 | 0 | 20.82 | 0 | 14.52 | 0 | 1.42 | 5.19 | 19.69 | 34.13 | 44.08 | -0.85 | 81.51 | 6.32 | 18.49 | -20.77 | 0.00 | 0 | 24.96 | -2.5 |
