- 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) | 0.14 | -68.18 | -61.11 | 40.62 | -3.77 | -5.99 | 2.18 | -55.87 | -70.74 | 4.14 | -58.18 | -62.12 | 3.34 | -67.16 | -61.61 | 0.66 | -68.12 | -62.07 | 0.56 | -68.0 | -60.56 | 0.17 | 0.0 | 6.25 | 7.81 | -41.72 | -44.92 | 14.15 | -35.74 | -11.95 | 51.72 | 3.45 | -24.4 | 48.28 | -3.45 | 52.87 | 28.72 | 3.72 | 7.04 |
| 24Q2 (19) | 0.44 | 57.14 | 0.0 | 42.21 | -0.68 | 4.51 | 4.94 | 21.98 | 10.51 | 9.90 | 2.48 | 18.14 | 10.17 | 31.06 | -9.44 | 2.07 | 56.82 | -1.43 | 1.75 | 52.17 | 0.57 | 0.17 | 13.33 | 6.25 | 13.40 | -2.4 | 13.95 | 22.02 | 54.2 | -23.22 | 50.00 | 18.0 | -6.67 | 50.00 | -13.24 | 7.69 | 27.69 | 2.71 | 1.99 |
| 24Q1 (18) | 0.28 | 12.0 | 460.0 | 42.50 | -1.37 | 6.6 | 4.05 | -59.74 | 355.06 | 9.66 | 18.82 | 353.52 | 7.76 | 32.2 | 364.67 | 1.32 | 12.82 | 428.0 | 1.15 | 13.86 | 422.73 | 0.15 | -11.76 | 15.38 | 13.73 | 18.87 | 117.25 | 14.28 | -6.85 | 15.91 | 42.37 | -65.39 | -6.78 | 57.63 | 338.74 | -9.44 | 26.96 | 14.58 | -5.57 |
| 23Q4 (17) | 0.25 | -30.56 | 108.33 | 43.09 | -0.28 | -6.14 | 10.06 | 35.03 | 80.94 | 8.13 | -25.62 | 49.45 | 5.87 | -32.53 | 56.95 | 1.17 | -32.76 | 101.72 | 1.01 | -28.87 | 106.12 | 0.17 | 6.25 | 30.77 | 11.55 | -18.55 | 25.95 | 15.33 | -4.6 | -3.46 | 122.41 | 78.91 | 18.46 | -24.14 | -176.44 | -624.14 | 23.53 | -12.3 | -16.26 |
| 23Q3 (16) | 0.36 | -18.18 | -35.71 | 43.21 | 6.98 | -4.68 | 7.45 | 66.67 | -33.12 | 10.93 | 30.43 | -31.39 | 8.70 | -22.53 | -31.23 | 1.74 | -17.14 | -34.34 | 1.42 | -18.39 | -24.06 | 0.16 | 0.0 | 6.67 | 14.18 | 20.58 | -24.09 | 16.07 | -43.97 | -19.65 | 68.42 | 27.72 | -1.9 | 31.58 | -31.98 | 4.39 | 26.83 | -1.18 | 5.17 |
| 23Q2 (15) | 0.44 | 780.0 | -70.47 | 40.39 | 1.3 | -15.25 | 4.47 | 402.25 | -78.52 | 8.38 | 293.43 | -69.35 | 11.23 | 572.46 | -53.9 | 2.10 | 740.0 | -65.63 | 1.74 | 690.91 | -59.63 | 0.16 | 23.08 | -11.11 | 11.76 | 86.08 | -59.74 | 28.68 | 132.79 | -54.08 | 53.57 | 17.86 | -29.66 | 46.43 | -27.04 | 94.72 | 27.15 | -4.9 | 30.22 |
| 23Q1 (14) | 0.05 | -58.33 | -96.06 | 39.87 | -13.16 | -14.9 | 0.89 | -83.99 | -96.04 | 2.13 | -60.85 | -91.84 | 1.67 | -55.35 | -91.96 | 0.25 | -56.9 | -94.74 | 0.22 | -55.1 | -94.09 | 0.13 | 0.0 | -27.78 | 6.32 | -31.08 | -77.39 | 12.32 | -22.42 | -52.98 | 45.45 | -56.01 | -47.26 | 63.64 | 2009.09 | 360.93 | 28.55 | 1.6 | 53.17 |
| 22Q4 (13) | 0.12 | -78.57 | -92.86 | 45.91 | 1.28 | -10.4 | 5.56 | -50.09 | -80.59 | 5.44 | -65.85 | -81.12 | 3.74 | -70.43 | -84.03 | 0.58 | -78.11 | -91.42 | 0.49 | -73.8 | -90.5 | 0.13 | -13.33 | -40.91 | 9.17 | -50.91 | -69.92 | 15.88 | -20.6 | -45.84 | 103.33 | 48.15 | 3.93 | -3.33 | -111.02 | -680.0 | 28.10 | 10.15 | 68.47 |
| 22Q3 (12) | 0.56 | -62.42 | -81.64 | 45.33 | -4.89 | -20.04 | 11.14 | -46.47 | -70.18 | 15.93 | -41.73 | -59.45 | 12.65 | -48.07 | -58.13 | 2.65 | -56.63 | -78.01 | 1.87 | -56.61 | -79.83 | 0.15 | -16.67 | -51.61 | 18.68 | -36.05 | -53.92 | 20.00 | -67.98 | -39.08 | 69.75 | -8.42 | -26.73 | 30.25 | 26.88 | 510.54 | 25.51 | 22.35 | 61.35 |
| 22Q2 (11) | 1.49 | 17.32 | -37.13 | 47.66 | 1.73 | -8.56 | 20.81 | -7.35 | -35.83 | 27.34 | 4.79 | -13.67 | 24.36 | 17.23 | -3.6 | 6.11 | 28.63 | -33.73 | 4.31 | 15.86 | -39.89 | 0.18 | 0.0 | -35.71 | 29.21 | 4.51 | -11.86 | 62.46 | 138.4 | 127.38 | 76.16 | -11.65 | -25.63 | 23.84 | 72.7 | 1091.49 | 20.85 | 11.86 | 37.17 |
| 22Q1 (10) | 1.27 | -24.4 | -20.63 | 46.85 | -8.57 | 6.0 | 22.46 | -21.58 | -12.5 | 26.09 | -9.44 | 1.44 | 20.78 | -11.27 | 7.06 | 4.75 | -29.73 | -29.0 | 3.72 | -27.91 | -27.63 | 0.18 | -18.18 | -30.77 | 27.95 | -8.33 | 1.49 | 26.20 | -10.64 | -12.43 | 86.19 | -13.31 | -13.56 | 13.81 | 2302.24 | 4828.73 | 18.64 | 11.75 | 30.53 |
| 21Q4 (9) | 1.68 | -44.92 | 9.09 | 51.24 | -9.61 | 26.05 | 28.64 | -23.34 | 24.04 | 28.81 | -26.65 | 26.69 | 23.42 | -22.48 | 36.8 | 6.76 | -43.9 | -3.57 | 5.16 | -44.34 | -4.8 | 0.22 | -29.03 | -31.25 | 30.49 | -24.79 | 25.89 | 29.32 | -10.69 | -4.34 | 99.43 | 4.44 | -2.0 | 0.57 | -88.4 | 139.66 | 16.68 | 5.5 | 22.92 |
| 21Q3 (8) | 3.05 | 28.69 | 76.3 | 56.69 | 8.77 | 40.77 | 37.36 | 15.2 | 65.68 | 39.28 | 24.03 | 70.26 | 30.21 | 19.55 | 59.42 | 12.05 | 30.69 | 40.12 | 9.27 | 29.29 | 45.3 | 0.31 | 10.71 | -8.82 | 40.54 | 22.33 | 62.81 | 32.83 | 19.51 | 17.97 | 95.20 | -7.04 | -2.6 | 4.95 | 306.04 | 118.64 | 15.81 | 4.01 | 14.15 |
| 21Q2 (7) | 2.37 | 48.12 | 19.7 | 52.12 | 17.92 | 16.47 | 32.43 | 26.33 | 26.24 | 31.67 | 23.13 | 25.28 | 25.27 | 30.19 | 13.47 | 9.22 | 37.82 | -12.11 | 7.17 | 39.49 | -8.31 | 0.28 | 7.69 | -20.0 | 33.14 | 20.33 | 23.24 | 27.47 | -8.19 | -34.89 | 102.40 | 2.69 | 0.8 | -2.40 | -958.52 | -51.1 | 15.20 | 6.44 | 2.77 |
| 21Q1 (6) | 1.60 | 3.9 | 86.05 | 44.20 | 8.73 | -3.72 | 25.67 | 11.17 | 35.32 | 25.72 | 13.1 | 31.02 | 19.41 | 13.38 | 12.26 | 6.69 | -4.56 | 41.14 | 5.14 | -5.17 | 33.85 | 0.26 | -18.75 | 18.18 | 27.54 | 13.71 | 23.5 | 29.92 | -2.38 | 16.19 | 99.72 | -1.7 | 3.51 | 0.28 | 119.33 | -90.81 | 14.28 | 5.23 | -27.62 |
| 20Q4 (5) | 1.54 | -10.98 | 214.29 | 40.65 | 0.94 | 1.83 | 23.09 | 2.39 | 83.69 | 22.74 | -1.43 | 86.85 | 17.12 | -9.66 | 73.81 | 7.01 | -18.49 | 153.07 | 5.42 | -15.05 | 137.72 | 0.32 | -5.88 | 39.13 | 24.22 | -2.73 | 65.21 | 30.65 | 10.13 | 47.21 | 101.45 | 3.8 | -1.45 | -1.45 | -163.95 | 50.72 | 13.57 | -2.02 | -31.64 |
| 20Q3 (4) | 1.73 | -12.63 | 0.0 | 40.27 | -10.01 | 0.0 | 22.55 | -12.22 | 0.0 | 23.07 | -8.74 | 0.0 | 18.95 | -14.91 | 0.0 | 8.60 | -18.02 | 0.0 | 6.38 | -18.41 | 0.0 | 0.34 | -2.86 | 0.0 | 24.90 | -7.4 | 0.0 | 27.83 | -34.04 | 0.0 | 97.73 | -3.8 | 0.0 | 2.27 | 242.4 | 0.0 | 13.85 | -6.36 | 0.0 |
| 20Q2 (3) | 1.98 | 130.23 | 0.0 | 44.75 | -2.53 | 0.0 | 25.69 | 35.42 | 0.0 | 25.28 | 28.78 | 0.0 | 22.27 | 28.8 | 0.0 | 10.49 | 121.31 | 0.0 | 7.82 | 103.65 | 0.0 | 0.35 | 59.09 | 0.0 | 26.89 | 20.58 | 0.0 | 42.19 | 63.84 | 0.0 | 101.59 | 5.45 | 0.0 | -1.59 | -152.2 | 0.0 | 14.79 | -25.04 | 0.0 |
| 20Q1 (2) | 0.86 | 75.51 | 0.0 | 45.91 | 15.01 | 0.0 | 18.97 | 50.91 | 0.0 | 19.63 | 61.3 | 0.0 | 17.29 | 75.53 | 0.0 | 4.74 | 71.12 | 0.0 | 3.84 | 68.42 | 0.0 | 0.22 | -4.35 | 0.0 | 22.30 | 52.11 | 0.0 | 25.75 | 23.68 | 0.0 | 96.34 | -6.41 | 0.0 | 3.05 | 203.66 | 0.0 | 19.73 | -0.6 | 0.0 |
| 19Q4 (1) | 0.49 | 0.0 | 0.0 | 39.92 | 0.0 | 0.0 | 12.57 | 0.0 | 0.0 | 12.17 | 0.0 | 0.0 | 9.85 | 0.0 | 0.0 | 2.77 | 0.0 | 0.0 | 2.28 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 14.66 | 0.0 | 0.0 | 20.82 | 0.0 | 0.0 | 102.94 | 0.0 | 0.0 | -2.94 | 0.0 | 0.0 | 19.85 | 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) | 1.11 | -67.83 | 41.77 | -10.38 | 6.05 | -63.64 | 2.72 | 42.56 | 7.71 | -62.93 | 7.12 | -58.72 | 5.19 | -64.43 | 4.49 | -62.08 | 0.63 | -8.7 | 11.19 | -51.77 | 15.33 | -3.46 | 78.61 | -1.67 | 21.39 | 7.43 | 3.31 | 19.13 | 26.37 | 17.67 |
| 2022 (9) | 3.45 | -60.39 | 46.61 | -9.28 | 16.64 | -47.14 | 1.91 | 51.26 | 20.80 | -34.76 | 17.25 | -30.81 | 14.59 | -58.95 | 11.84 | -56.71 | 0.69 | -37.27 | 23.20 | -30.6 | 15.88 | -45.84 | 79.94 | -19.06 | 19.91 | 1519.1 | 2.78 | 71.08 | 22.41 | 44.95 |
| 2021 (8) | 8.71 | 42.55 | 51.38 | 20.89 | 31.48 | 36.75 | 1.26 | -17.37 | 31.88 | 38.25 | 24.93 | 30.52 | 35.54 | 19.7 | 27.35 | 16.38 | 1.10 | -10.57 | 33.43 | 34.58 | 29.32 | -4.34 | 98.77 | -1.07 | 1.23 | 661.34 | 1.62 | 21.64 | 15.46 | 3.41 |
| 2020 (7) | 6.11 | 200.99 | 42.50 | 6.62 | 23.02 | 105.54 | 1.53 | -17.68 | 23.06 | 88.71 | 19.10 | 80.87 | 29.69 | 159.53 | 23.50 | 145.56 | 1.23 | 35.16 | 24.84 | 70.25 | 30.65 | 47.21 | 99.84 | 8.94 | 0.16 | -98.07 | 1.34 | -13.27 | 14.95 | -27.29 |
| 2019 (6) | 2.03 | 0.5 | 39.86 | 3.37 | 11.20 | 25.14 | 1.85 | -7.03 | 12.22 | -4.08 | 10.56 | -1.58 | 11.44 | -0.44 | 9.57 | -0.21 | 0.91 | 2.25 | 14.59 | -5.01 | 20.82 | 15.09 | 91.65 | 30.18 | 8.35 | -71.78 | 1.54 | -10.23 | 20.56 | -3.75 |
| 2018 (5) | 2.02 | 43.26 | 38.56 | 0.76 | 8.95 | 2.05 | 1.99 | -9.93 | 12.74 | 42.19 | 10.73 | 51.13 | 11.49 | 43.62 | 9.59 | 46.64 | 0.89 | -3.26 | 15.36 | 29.95 | 18.09 | -15.74 | 70.40 | -28.16 | 29.60 | 1375.17 | 1.72 | 0 | 21.36 | 6.37 |
| 2017 (4) | 1.41 | -15.57 | 38.27 | -6.04 | 8.77 | -7.2 | 2.21 | 3.27 | 8.96 | -19.35 | 7.10 | -18.3 | 8.00 | -12.57 | 6.54 | -13.26 | 0.92 | 5.75 | 11.82 | -14.72 | 21.47 | -7.54 | 97.99 | 15.08 | 2.01 | -86.48 | 0.00 | 0 | 20.08 | -8.23 |
| 2016 (3) | 1.67 | -28.02 | 40.73 | -5.61 | 9.45 | -20.32 | 2.14 | 22.26 | 11.11 | -19.08 | 8.69 | -26.17 | 9.15 | -24.88 | 7.54 | -25.93 | 0.87 | 0.0 | 13.86 | -14.5 | 23.22 | 17.57 | 85.15 | -1.38 | 14.85 | 8.71 | 0.00 | 0 | 21.88 | 7.52 |
| 2015 (2) | 2.32 | -25.64 | 43.15 | 1.1 | 11.86 | -25.22 | 1.75 | 11.31 | 13.73 | -19.52 | 11.77 | -20.26 | 12.18 | -23.97 | 10.18 | -24.03 | 0.87 | -4.4 | 16.21 | -15.66 | 19.75 | 0.77 | 86.34 | -7.23 | 13.66 | 92.46 | 0.00 | 0 | 20.35 | 11.08 |
| 2014 (1) | 3.12 | 1.63 | 42.68 | 0 | 15.86 | 0 | 1.58 | 40.01 | 17.06 | 0 | 14.76 | 0 | 16.02 | 0 | 13.40 | 0 | 0.91 | -2.15 | 19.22 | -4.9 | 19.60 | 0.2 | 93.07 | 1.83 | 7.10 | -17.54 | 0.00 | 0 | 18.32 | 2.92 |
