- 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) | 0.18 | 143.9 | -63.27 | 39.05 | 5.68 | 4.3 | 1.73 | 1117.65 | -21.72 | 1.25 | 127.23 | -71.91 | 1.24 | 130.92 | -65.75 | 0.58 | 129.9 | -67.96 | 0.42 | 164.62 | -51.72 | 0.20 | 0.0 | 0.0 | 5.67 | 1871.88 | -32.98 | 135.42 | -3.24 | -5.86 | 140.00 | 3960.0 | 182.37 | -40.00 | -141.8 | -179.33 | 30.98 | -1.93 | 3.51 |
| 24Q2 (19) | -0.41 | -17.14 | -236.67 | 36.95 | -3.75 | 1.26 | -0.17 | 97.13 | -105.74 | -4.59 | 22.07 | -222.07 | -4.01 | 8.24 | -324.02 | -1.94 | -15.48 | -292.08 | -0.65 | -20.37 | -227.45 | 0.20 | 25.0 | -4.76 | -0.32 | 49.21 | -104.42 | 139.95 | -0.24 | -12.11 | 3.45 | -96.58 | -95.6 | 95.69 | 11678.45 | 342.56 | 31.59 | -15.98 | 10.03 |
| 24Q1 (18) | -0.35 | -202.94 | -192.11 | 38.39 | 9.5 | 2.24 | -5.93 | -586.07 | -221.02 | -5.89 | -282.92 | -227.77 | -4.37 | -280.58 | -271.37 | -1.68 | -229.23 | -224.44 | -0.54 | -178.26 | -183.08 | 0.16 | -27.27 | -23.81 | -0.63 | -109.12 | -107.68 | 140.28 | 0.65 | -18.41 | 100.83 | 163.27 | -4.89 | -0.83 | -101.32 | 86.26 | 37.60 | 38.69 | 33.05 |
| 23Q4 (17) | 0.34 | -30.61 | -12.82 | 35.06 | -6.36 | -1.93 | 1.22 | -44.8 | -77.32 | 3.22 | -27.64 | -4.73 | 2.42 | -33.15 | -6.2 | 1.30 | -28.18 | -16.67 | 0.69 | -20.69 | -5.48 | 0.22 | 10.0 | -8.33 | 6.91 | -18.32 | 7.13 | 139.38 | -3.11 | -0.23 | 38.30 | -22.76 | -75.98 | 62.77 | 24.49 | 205.56 | 27.11 | -9.42 | 9.45 |
| 23Q3 (16) | 0.49 | 63.33 | -53.77 | 37.44 | 2.6 | 1.68 | 2.21 | -25.34 | -75.36 | 4.45 | 18.35 | -53.74 | 3.62 | 102.23 | -52.12 | 1.81 | 79.21 | -60.31 | 0.87 | 70.59 | -50.57 | 0.20 | -4.76 | -9.09 | 8.46 | 16.85 | -34.27 | 143.85 | -9.66 | -16.25 | 49.58 | -36.74 | -46.99 | 50.42 | 133.19 | 641.18 | 29.93 | 4.25 | 27.69 |
| 23Q2 (15) | 0.30 | -21.05 | -85.15 | 36.49 | -2.82 | -6.96 | 2.96 | -39.59 | -49.49 | 3.76 | -18.44 | -78.51 | 1.79 | -29.8 | -88.62 | 1.01 | -25.19 | -89.1 | 0.51 | -21.54 | -84.73 | 0.21 | 0.0 | 0.0 | 7.24 | -11.71 | -65.44 | 159.23 | -7.39 | -10.99 | 78.38 | -26.07 | 133.22 | 21.62 | 459.46 | -67.53 | 28.71 | 1.59 | 8.42 |
| 23Q1 (14) | 0.38 | -2.56 | 65.22 | 37.55 | 5.03 | 13.1 | 4.90 | -8.92 | 8066.67 | 4.61 | 36.39 | 55.22 | 2.55 | -1.16 | 30.1 | 1.35 | -13.46 | 19.47 | 0.65 | -10.96 | 38.3 | 0.21 | -12.5 | 10.53 | 8.20 | 27.13 | 24.43 | 171.93 | 23.07 | -11.29 | 106.02 | -33.52 | 8063.16 | -6.02 | 89.88 | -106.18 | 28.26 | 14.09 | 1.07 |
| 22Q4 (13) | 0.39 | -63.21 | -17.02 | 35.75 | -2.91 | 0.14 | 5.38 | -40.02 | 8.47 | 3.38 | -64.86 | -36.35 | 2.58 | -65.87 | -22.99 | 1.56 | -65.79 | -33.05 | 0.73 | -58.52 | -15.12 | 0.24 | 9.09 | 4.35 | 6.45 | -49.88 | -26.12 | 139.70 | -18.67 | -29.5 | 159.46 | 70.48 | 71.15 | -59.46 | -974.05 | -970.27 | 24.77 | 5.67 | 1.39 |
| 22Q3 (12) | 1.06 | -47.52 | 541.67 | 36.82 | -6.12 | 5.17 | 8.97 | 53.07 | 621.51 | 9.62 | -45.03 | 812.59 | 7.56 | -51.94 | 436.0 | 4.56 | -50.81 | 493.1 | 1.76 | -47.31 | 588.89 | 0.22 | 4.76 | 15.79 | 12.87 | -38.57 | 391.22 | 171.77 | -3.98 | -12.04 | 93.54 | 178.33 | -25.65 | 6.80 | -89.79 | 126.36 | 23.44 | -11.48 | -21.53 |
| 22Q2 (11) | 2.02 | 778.26 | 551.61 | 39.22 | 18.13 | 10.29 | 5.86 | 9666.67 | 902.74 | 17.50 | 489.23 | 575.68 | 15.73 | 702.55 | 431.42 | 9.27 | 720.35 | 530.61 | 3.34 | 610.64 | 421.87 | 0.21 | 10.53 | 5.0 | 20.95 | 217.91 | 250.33 | 178.89 | -7.7 | 15.58 | 33.61 | 2487.7 | 223.92 | 66.60 | -31.63 | -47.61 | 26.48 | -5.29 | -11.14 |
| 22Q1 (10) | 0.23 | -51.06 | 2200.0 | 33.20 | -7.0 | -19.96 | 0.06 | -98.79 | -97.16 | 2.97 | -44.07 | 324.29 | 1.96 | -41.49 | 1860.0 | 1.13 | -51.5 | 2160.0 | 0.47 | -45.35 | 571.43 | 0.19 | -17.39 | -9.52 | 6.59 | -24.51 | 48.76 | 193.81 | -2.2 | 34.45 | 1.30 | -98.61 | -99.56 | 97.40 | 1325.62 | 148.7 | 27.96 | 14.45 | -16.81 |
| 21Q4 (9) | 0.47 | 295.83 | 42.42 | 35.70 | 1.97 | -8.72 | 4.96 | 388.37 | -17.47 | 5.31 | 493.33 | 84.37 | 3.35 | 248.89 | 25.47 | 2.33 | 300.86 | 43.83 | 0.86 | 338.89 | -4.44 | 0.23 | 21.05 | -28.12 | 8.73 | 233.21 | 43.82 | 198.16 | 1.47 | 111.73 | 93.17 | -25.94 | -55.42 | 6.83 | 126.48 | 106.27 | 24.43 | -18.21 | -10.41 |
| 21Q3 (8) | -0.24 | -177.42 | -192.31 | 35.01 | -1.55 | -12.98 | -1.72 | -135.62 | -145.74 | -1.35 | -152.12 | -139.71 | -2.25 | -176.01 | -191.84 | -1.16 | -178.91 | -192.06 | -0.36 | -156.25 | -151.43 | 0.19 | -5.0 | -29.63 | 2.62 | -56.19 | -63.31 | 195.29 | 26.17 | 121.92 | 125.81 | 563.91 | 14.1 | -25.81 | -120.3 | -151.61 | 29.87 | 0.23 | 0.1 |
| 21Q2 (7) | 0.31 | 3000.0 | 138.46 | 35.56 | -14.27 | -10.59 | -0.73 | -134.6 | -123.7 | 2.59 | 270.0 | 0.78 | 2.96 | 2860.0 | 138.71 | 1.47 | 2840.0 | 153.45 | 0.64 | 814.29 | 88.24 | 0.20 | -4.76 | -20.0 | 5.98 | 34.99 | -8.7 | 154.78 | 7.37 | 66.27 | -27.12 | -109.24 | -122.6 | 127.12 | 163.56 | 735.59 | 29.80 | -11.34 | -0.2 |
| 21Q1 (6) | 0.01 | -96.97 | -97.5 | 41.48 | 6.06 | 5.39 | 2.11 | -64.89 | -67.13 | 0.70 | -75.69 | -87.57 | 0.10 | -96.25 | -97.13 | 0.05 | -96.91 | -97.25 | 0.07 | -92.22 | -93.4 | 0.21 | -34.38 | -27.59 | 4.43 | -27.02 | -52.0 | 144.15 | 54.02 | 82.49 | 293.33 | 40.37 | 158.28 | -200.00 | -83.53 | -1300.0 | 33.61 | 23.25 | 26.64 |
| 20Q4 (5) | 0.33 | 26.92 | -41.07 | 39.11 | -2.78 | -6.21 | 6.01 | 59.84 | -44.04 | 2.88 | -15.29 | -57.65 | 2.67 | 8.98 | -37.76 | 1.62 | 28.57 | -39.1 | 0.90 | 28.57 | -41.56 | 0.32 | 18.52 | -5.88 | 6.07 | -14.99 | -39.36 | 93.59 | 6.35 | 17.22 | 208.97 | 89.53 | 32.55 | -108.97 | -962.5 | -89.02 | 27.27 | -8.61 | 15.4 |
| 20Q3 (4) | 0.26 | 100.0 | 0.0 | 40.23 | 1.16 | 0.0 | 3.76 | 22.08 | 0.0 | 3.40 | 32.3 | 0.0 | 2.45 | 97.58 | 0.0 | 1.26 | 117.24 | 0.0 | 0.70 | 105.88 | 0.0 | 0.27 | 8.0 | 0.0 | 7.14 | 9.01 | 0.0 | 88.00 | -5.47 | 0.0 | 110.26 | -8.12 | 0.0 | -10.26 | 48.72 | 0.0 | 29.84 | -0.07 | 0.0 |
| 20Q2 (3) | 0.13 | -67.5 | 0.0 | 39.77 | 1.04 | 0.0 | 3.08 | -52.02 | 0.0 | 2.57 | -54.35 | 0.0 | 1.24 | -64.37 | 0.0 | 0.58 | -68.13 | 0.0 | 0.34 | -67.92 | 0.0 | 0.25 | -13.79 | 0.0 | 6.55 | -29.04 | 0.0 | 93.09 | 17.85 | 0.0 | 120.00 | 5.66 | 0.0 | -20.00 | -40.0 | 0.0 | 29.86 | 12.51 | 0.0 |
| 20Q1 (2) | 0.40 | -28.57 | 0.0 | 39.36 | -5.61 | 0.0 | 6.42 | -40.22 | 0.0 | 5.63 | -17.21 | 0.0 | 3.48 | -18.88 | 0.0 | 1.82 | -31.58 | 0.0 | 1.06 | -31.17 | 0.0 | 0.29 | -14.71 | 0.0 | 9.23 | -7.79 | 0.0 | 78.99 | -1.06 | 0.0 | 113.57 | -27.96 | 0.0 | -14.29 | 75.22 | 0.0 | 26.54 | 12.31 | 0.0 |
| 19Q4 (1) | 0.56 | 0.0 | 0.0 | 41.70 | 0.0 | 0.0 | 10.74 | 0.0 | 0.0 | 6.80 | 0.0 | 0.0 | 4.29 | 0.0 | 0.0 | 2.66 | 0.0 | 0.0 | 1.54 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 10.01 | 0.0 | 0.0 | 79.84 | 0.0 | 0.0 | 157.65 | 0.0 | 0.0 | -57.65 | 0.0 | 0.0 | 23.63 | 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) | 1.51 | -59.3 | 36.61 | 0.88 | 2.83 | -46.2 | 2.13 | 6.15 | 4.00 | -51.69 | 2.57 | -62.59 | 5.28 | -66.92 | 2.76 | -57.08 | 0.86 | -2.27 | 7.68 | -33.85 | 139.38 | -0.23 | 70.68 | 11.3 | 29.32 | -19.66 | 2.50 | 0.97 | 28.47 | 11.52 |
| 2022 (9) | 3.71 | 574.55 | 36.29 | -1.28 | 5.26 | 267.83 | 2.01 | -9.35 | 8.28 | 294.29 | 6.87 | 458.54 | 15.96 | 500.0 | 6.43 | 376.3 | 0.88 | 0.0 | 11.61 | 102.97 | 139.70 | -29.5 | 63.51 | -6.58 | 36.49 | 15.76 | 2.47 | 3.08 | 25.53 | -11.84 |
| 2021 (8) | 0.55 | -50.89 | 36.76 | -7.15 | 1.43 | -70.99 | 2.21 | -11.91 | 2.10 | -42.31 | 1.23 | -51.0 | 2.66 | -49.33 | 1.35 | -54.55 | 0.88 | -21.43 | 5.72 | -20.99 | 198.16 | 111.73 | 67.98 | -49.77 | 31.53 | 0 | 2.40 | -48.25 | 28.96 | 2.44 |
| 2020 (7) | 1.12 | -45.1 | 39.59 | -3.11 | 4.93 | -32.56 | 2.51 | 5.87 | 3.64 | -37.99 | 2.51 | -40.66 | 5.25 | -45.26 | 2.97 | -46.96 | 1.12 | -11.11 | 7.24 | -23.31 | 93.59 | 17.22 | 135.33 | 8.69 | -35.33 | 0 | 4.63 | -39.73 | 28.27 | 4.63 |
| 2019 (6) | 2.04 | 82.14 | 40.86 | 14.87 | 7.31 | 163.9 | 2.37 | 40.41 | 5.87 | 103.82 | 4.23 | 81.55 | 9.59 | 80.26 | 5.60 | 74.45 | 1.26 | -3.08 | 9.44 | 65.91 | 79.84 | -1.71 | 124.51 | 29.67 | -24.51 | 0 | 7.69 | -24.6 | 27.02 | 2.58 |
| 2018 (5) | 1.12 | -37.43 | 35.57 | -4.28 | 2.77 | -37.75 | 1.69 | -4.64 | 2.88 | -39.24 | 2.33 | -36.34 | 5.32 | -36.52 | 3.21 | -37.18 | 1.30 | -2.99 | 5.69 | -26.1 | 81.23 | 18.39 | 96.03 | 2.29 | 3.97 | -35.14 | 10.19 | 0 | 26.34 | 4.57 |
| 2017 (4) | 1.79 | -10.5 | 37.16 | -14.65 | 4.45 | -28.57 | 1.77 | -11.69 | 4.74 | -14.59 | 3.66 | -18.85 | 8.38 | -16.45 | 5.11 | -9.88 | 1.34 | 9.84 | 7.70 | -12.1 | 68.61 | -4.99 | 93.87 | -16.21 | 6.13 | 0 | 0.00 | 0 | 25.19 | 2.19 |
| 2016 (3) | 2.00 | -33.99 | 43.54 | 5.37 | 6.23 | -28.06 | 2.01 | 0.51 | 5.55 | -34.55 | 4.51 | -32.79 | 10.03 | -38.01 | 5.67 | -36.51 | 1.22 | -5.43 | 8.76 | -23.69 | 72.21 | -23.64 | 112.03 | 9.75 | -12.03 | 0 | 0.00 | 0 | 24.65 | 4.32 |
| 2015 (2) | 3.03 | -5.61 | 41.32 | -0.63 | 8.66 | 0.81 | 2.00 | 3.63 | 8.48 | -9.59 | 6.71 | -8.46 | 16.18 | -6.53 | 8.93 | -12.88 | 1.29 | -5.84 | 11.48 | -8.01 | 94.56 | 22.58 | 102.08 | 11.54 | -2.21 | 0 | 0.00 | 0 | 23.63 | 0.17 |
| 2014 (1) | 3.21 | 32.1 | 41.58 | 0 | 8.59 | 0 | 1.93 | -6.15 | 9.38 | 0 | 7.33 | 0 | 17.31 | 0 | 10.25 | 0 | 1.37 | 8.73 | 12.48 | 8.71 | 77.14 | 15.29 | 91.52 | -5.81 | 8.48 | 199.51 | 0.00 | 0 | 23.59 | 2.17 |
