- 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) | 0.54 | -11.48 | 0.0 | 38.44 | 4.66 | 11.07 | 15.24 | 37.67 | 178.61 | 12.75 | -8.8 | -25.48 | 11.06 | -9.86 | -24.3 | 2.45 | -11.23 | 2.08 | 2.00 | -11.11 | 2.04 | 0.18 | 0.0 | 38.46 | 15.08 | -8.05 | -25.2 | 18.53 | -30.34 | -10.18 | 119.35 | 49.74 | 275.97 | -19.35 | -195.39 | -128.36 | 20.97 | 1.65 | -14.48 |
| 24Q2 (19) | 0.61 | 74.29 | 38.64 | 36.73 | 7.81 | 6.96 | 11.07 | 547.37 | 71.63 | 13.98 | 19.79 | -4.05 | 12.27 | 25.85 | 6.42 | 2.76 | 76.92 | 45.26 | 2.25 | 70.45 | 45.16 | 0.18 | 38.46 | 38.46 | 16.40 | 10.44 | -6.34 | 26.60 | 42.17 | 8.44 | 79.71 | 457.97 | 82.67 | 20.29 | -76.33 | -64.0 | 20.63 | -22.85 | -11.88 |
| 24Q1 (18) | 0.35 | 153.03 | 12.9 | 34.07 | -9.84 | -6.91 | 1.71 | 112.49 | -83.67 | 11.67 | 155.13 | 14.86 | 9.75 | 161.48 | 12.46 | 1.56 | 152.7 | 15.56 | 1.32 | 153.44 | 22.22 | 0.13 | -18.75 | 8.33 | 14.85 | 181.01 | 11.24 | 18.71 | 2.07 | -19.8 | 14.29 | -77.69 | -86.09 | 85.71 | 146.08 | 3271.43 | 26.74 | 61.86 | 17.44 |
| 23Q4 (17) | -0.66 | -222.22 | -312.9 | 37.79 | 9.19 | -6.6 | -13.69 | -350.27 | -185.51 | -21.17 | -223.73 | -381.14 | -15.86 | -208.56 | -331.2 | -2.96 | -223.33 | -319.26 | -2.47 | -226.02 | -339.81 | 0.16 | 23.08 | 14.29 | -18.33 | -190.92 | -281.31 | 18.33 | -11.15 | -48.76 | 64.04 | 101.74 | -70.17 | 34.83 | -48.97 | 130.37 | 16.52 | -32.63 | -11.94 |
| 23Q3 (16) | 0.54 | 22.73 | -47.57 | 34.61 | 0.79 | -1.34 | 5.47 | -15.19 | 12.32 | 17.11 | 17.43 | -38.21 | 14.61 | 26.71 | -38.87 | 2.40 | 26.32 | -48.28 | 1.96 | 26.45 | -39.51 | 0.13 | 0.0 | 0.0 | 20.16 | 15.13 | -33.99 | 20.63 | -15.9 | -46.8 | 31.75 | -27.25 | 79.89 | 68.25 | 21.1 | -17.12 | 24.52 | 4.74 | 7.73 |
| 23Q2 (15) | 0.44 | 41.94 | -32.31 | 34.34 | -6.17 | 2.02 | 6.45 | -38.4 | 32.99 | 14.57 | 43.41 | -28.89 | 11.53 | 32.99 | -36.02 | 1.90 | 40.74 | -36.24 | 1.55 | 43.52 | -24.39 | 0.13 | 8.33 | 18.18 | 17.51 | 31.16 | -26.71 | 24.53 | 5.14 | -52.13 | 43.64 | -57.51 | 89.95 | 56.36 | 2185.45 | -25.52 | 23.41 | 2.81 | -10.82 |
| 23Q1 (14) | 0.31 | 0.0 | -65.93 | 36.60 | -9.54 | 11.38 | 10.47 | -34.6 | -4.9 | 10.16 | 34.93 | -52.43 | 8.67 | 26.38 | -51.75 | 1.35 | 0.0 | -67.93 | 1.08 | 4.85 | -62.37 | 0.12 | -14.29 | -25.0 | 13.35 | 32.05 | -44.05 | 23.33 | -34.78 | -47.09 | 102.70 | -52.17 | 99.8 | -2.70 | 97.64 | -105.56 | 22.77 | 21.38 | 11.45 |
| 22Q4 (13) | 0.31 | -69.9 | -20.51 | 40.46 | 15.34 | 20.52 | 16.01 | 228.75 | 58.67 | 7.53 | -72.81 | -15.2 | 6.86 | -71.3 | -4.59 | 1.35 | -70.91 | -27.42 | 1.03 | -68.21 | -18.9 | 0.14 | 7.69 | -17.65 | 10.11 | -66.9 | -9.0 | 35.77 | -7.76 | -31.79 | 214.71 | 1116.67 | 86.87 | -114.71 | -239.29 | -798.53 | 18.76 | -17.57 | -23.65 |
| 22Q3 (12) | 1.03 | 58.46 | 157.5 | 35.08 | 4.22 | 0.83 | 4.87 | 0.41 | -58.69 | 27.69 | 35.14 | 173.35 | 23.90 | 32.63 | 181.18 | 4.64 | 55.7 | 133.17 | 3.24 | 58.05 | 121.92 | 0.13 | 18.18 | -23.53 | 30.54 | 27.84 | 136.19 | 38.78 | -24.32 | -16.66 | 17.65 | -23.18 | -84.92 | 82.35 | 8.82 | 583.82 | 22.76 | -13.3 | 14.43 |
| 22Q2 (11) | 0.65 | -28.57 | 80.56 | 33.66 | 2.43 | -11.02 | 4.85 | -55.95 | -70.01 | 20.49 | -4.07 | 85.6 | 18.02 | 0.28 | 108.32 | 2.98 | -29.22 | 69.32 | 2.05 | -28.57 | 42.36 | 0.11 | -31.25 | -35.29 | 23.89 | 0.13 | 71.87 | 51.24 | 16.22 | 73.93 | 22.97 | -55.31 | -84.34 | 75.68 | 55.72 | 262.16 | 26.25 | 28.49 | 31.38 |
| 22Q1 (10) | 0.91 | 133.33 | 810.0 | 32.86 | -2.11 | 1.23 | 11.01 | 9.12 | 121.53 | 21.36 | 140.54 | 388.79 | 17.97 | 149.93 | 417.87 | 4.21 | 126.34 | 725.49 | 2.87 | 125.98 | 567.44 | 0.16 | -5.88 | 33.33 | 23.86 | 114.76 | 188.16 | 44.09 | -15.92 | 154.56 | 51.40 | -55.26 | -55.45 | 48.60 | 480.69 | 415.89 | 20.43 | -16.85 | -21.03 |
| 21Q4 (9) | 0.39 | -2.5 | 178.0 | 33.57 | -3.51 | -1.12 | 10.09 | -14.42 | 317.93 | 8.88 | -12.34 | 140.16 | 7.19 | -15.41 | 136.52 | 1.86 | -6.53 | 178.48 | 1.27 | -13.01 | 176.05 | 0.17 | 0.0 | 88.89 | 11.11 | -14.08 | 164.86 | 52.44 | 12.7 | 97.37 | 114.89 | -1.82 | 436.17 | -12.77 | 25.0 | -116.25 | 24.57 | 23.53 | -25.79 |
| 21Q3 (8) | 0.40 | 11.11 | 300.0 | 34.79 | -8.04 | 2.05 | 11.79 | -27.09 | 191.11 | 10.13 | -8.24 | 206.63 | 8.50 | -1.73 | 206.52 | 1.99 | 13.07 | 313.98 | 1.46 | 1.39 | 356.14 | 0.17 | 0.0 | 112.5 | 12.93 | -6.98 | 416.91 | 46.53 | 57.94 | -5.77 | 117.02 | -20.21 | 369.15 | -17.02 | 63.53 | -111.86 | 19.89 | -0.45 | -32.83 |
| 21Q2 (7) | 0.36 | 260.0 | 820.0 | 37.83 | 16.54 | 10.71 | 16.17 | 225.35 | 108.91 | 11.04 | 152.63 | 539.84 | 8.65 | 149.28 | 647.47 | 1.76 | 245.1 | 865.22 | 1.44 | 234.88 | 1300.0 | 0.17 | 41.67 | 70.0 | 13.90 | 67.87 | 774.21 | 29.46 | 70.09 | -48.18 | 146.67 | 27.11 | 148.89 | -46.67 | -203.33 | -111.67 | 19.98 | -22.77 | -18.42 |
| 21Q1 (6) | 0.10 | 120.0 | -77.78 | 32.46 | -4.39 | -11.12 | 4.97 | 207.34 | -40.26 | 4.37 | 119.76 | -71.38 | 3.47 | 117.62 | -72.22 | 0.51 | 121.52 | -74.37 | 0.43 | 125.75 | -70.75 | 0.12 | 33.33 | 0.0 | 8.28 | 148.34 | -55.67 | 17.32 | -34.81 | -57.75 | 115.38 | 438.46 | 115.38 | -15.38 | -119.58 | -134.46 | 25.87 | -21.87 | 0 |
| 20Q4 (5) | -0.50 | -150.0 | -242.86 | 33.95 | -0.41 | -14.29 | -4.63 | -214.32 | -129.77 | -22.11 | -132.74 | -406.23 | -19.69 | -146.74 | -390.84 | -2.37 | -154.84 | -252.9 | -1.67 | -192.98 | -240.34 | 0.09 | 12.5 | -47.06 | -17.13 | -319.85 | -281.65 | 26.57 | -46.19 | -27.31 | 21.43 | 149.29 | -89.96 | 78.57 | -45.24 | 169.22 | 33.11 | 11.82 | 58.88 |
| 20Q3 (4) | -0.20 | -300.0 | 0.0 | 34.09 | -0.23 | 0.0 | 4.05 | -47.67 | 0.0 | -9.50 | -278.49 | 0.0 | -7.98 | -405.06 | 0.0 | -0.93 | -304.35 | 0.0 | -0.57 | -375.0 | 0.0 | 0.08 | -20.0 | 0.0 | -4.08 | -356.6 | 0.0 | 49.38 | -13.14 | 0.0 | -43.48 | 85.51 | 0.0 | 143.48 | -64.13 | 0.0 | 29.61 | 20.91 | 0.0 |
| 20Q2 (3) | -0.05 | -111.11 | 0.0 | 34.17 | -6.43 | 0.0 | 7.74 | -6.97 | 0.0 | -2.51 | -116.44 | 0.0 | -1.58 | -112.65 | 0.0 | -0.23 | -111.56 | 0.0 | -0.12 | -108.16 | 0.0 | 0.10 | -16.67 | 0.0 | 1.59 | -91.49 | 0.0 | 56.85 | 38.69 | 0.0 | -300.00 | -660.0 | 0.0 | 400.00 | 796.0 | 0.0 | 24.49 | 0 | 0.0 |
| 20Q1 (2) | 0.45 | 28.57 | 0.0 | 36.52 | -7.8 | 0.0 | 8.32 | -46.5 | 0.0 | 15.27 | 111.5 | 0.0 | 12.49 | 84.49 | 0.0 | 1.99 | 28.39 | 0.0 | 1.47 | 23.53 | 0.0 | 0.12 | -29.41 | 0.0 | 18.68 | 98.09 | 0.0 | 40.99 | 12.15 | 0.0 | 53.57 | -74.91 | 0.0 | 44.64 | 139.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 39.61 | 0.0 | 0.0 | 15.55 | 0.0 | 0.0 | 7.22 | 0.0 | 0.0 | 6.77 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 1.19 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 9.43 | 0.0 | 0.0 | 36.55 | 0.0 | 0.0 | 213.51 | 0.0 | 0.0 | -113.51 | 0.0 | 0.0 | 20.84 | 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) | 0.62 | -78.55 | 35.89 | 0.96 | 1.66 | -82.58 | 2.74 | 22.82 | 4.32 | -77.42 | 4.08 | -75.35 | 2.72 | -79.03 | 2.20 | -76.03 | 0.52 | -5.45 | 7.32 | -66.64 | 18.33 | -48.76 | 37.88 | -23.79 | 62.12 | 23.5 | 0.08 | 20.73 | 21.63 | -0.64 |
| 2022 (9) | 2.89 | 131.2 | 35.55 | 2.36 | 9.53 | -14.22 | 2.23 | -7.0 | 19.13 | 113.98 | 16.55 | 128.59 | 12.97 | 119.83 | 9.18 | 113.99 | 0.55 | -5.17 | 21.94 | 86.25 | 35.77 | -31.79 | 49.70 | -59.98 | 50.30 | 0 | 0.06 | -66.53 | 21.77 | -2.9 |
| 2021 (8) | 1.25 | 0 | 34.73 | -0.29 | 11.11 | 146.34 | 2.40 | -31.11 | 8.94 | 0 | 7.24 | 0 | 5.90 | 0 | 4.29 | 0 | 0.58 | 41.46 | 11.78 | 592.94 | 52.44 | 97.37 | 124.18 | 0 | -24.18 | 0 | 0.19 | -38.24 | 22.42 | -18.38 |
| 2020 (7) | -0.29 | 0 | 34.83 | -9.13 | 4.51 | -65.12 | 3.49 | 116.64 | -2.65 | 0 | -2.43 | 0 | -1.31 | 0 | -0.82 | 0 | 0.41 | -25.45 | 1.70 | -88.22 | 26.57 | -27.31 | -170.97 | 0 | 270.97 | 0 | 0.30 | -14.27 | 27.47 | 28.91 |
| 2019 (6) | 1.95 | -35.0 | 38.33 | 7.4 | 12.93 | 8.2 | 1.61 | 58.79 | 12.53 | -22.75 | 10.78 | -24.88 | 8.54 | -37.16 | 6.05 | -33.37 | 0.55 | -11.29 | 14.43 | -18.98 | 36.55 | -25.76 | 103.10 | 39.68 | -3.10 | 0 | 0.35 | 1098.65 | 21.31 | 3.4 |
| 2018 (5) | 3.00 | 67.6 | 35.69 | 1.83 | 11.95 | -7.72 | 1.01 | -2.53 | 16.22 | 94.72 | 14.35 | 79.6 | 13.59 | 57.66 | 9.08 | 48.12 | 0.62 | -16.22 | 17.81 | 79.9 | 49.23 | -14.41 | 73.81 | -52.51 | 26.49 | 0 | 0.03 | 0 | 20.61 | 0.83 |
| 2017 (4) | 1.79 | -17.89 | 35.05 | -8.27 | 12.95 | 1.25 | 1.04 | -17.86 | 8.33 | -33.25 | 7.99 | -26.56 | 8.62 | -15.74 | 6.13 | -23.47 | 0.74 | 1.37 | 9.90 | -29.44 | 57.52 | 73.93 | 155.43 | 51.13 | -55.43 | 0 | 0.00 | 0 | 20.44 | 0.15 |
| 2016 (3) | 2.18 | -47.47 | 38.21 | -1.95 | 12.79 | -33.07 | 1.27 | 21.62 | 12.48 | -42.41 | 10.88 | -40.12 | 10.23 | -44.61 | 8.01 | -45.25 | 0.73 | -8.75 | 14.03 | -38.73 | 33.07 | 30.15 | 102.85 | 16.6 | -2.44 | 0 | 0.00 | 0 | 20.41 | 11.9 |
| 2015 (2) | 4.15 | -28.2 | 38.97 | -5.34 | 19.11 | 5.17 | 1.04 | -12.09 | 21.67 | -13.67 | 18.17 | -16.15 | 18.47 | -29.8 | 14.63 | -29.22 | 0.80 | -15.79 | 22.90 | -14.04 | 25.41 | -9.35 | 88.20 | 21.97 | 11.80 | -57.15 | 0.00 | 0 | 18.24 | -5.3 |
| 2014 (1) | 5.78 | 0.17 | 41.17 | 0 | 18.17 | 0 | 1.18 | -12.74 | 25.10 | 0 | 21.67 | 0 | 26.31 | 0 | 20.67 | 0 | 0.95 | 3.26 | 26.64 | -13.53 | 28.03 | 3.05 | 72.31 | 22.75 | 27.54 | -32.97 | 0.00 | 0 | 19.26 | -2.63 |
