- 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) | -0.37 | -232.14 | -117.13 | 19.54 | 13.01 | -13.62 | 3.22 | 2827.27 | -65.67 | -1.79 | -173.66 | -118.38 | -1.48 | -224.37 | -122.6 | -0.54 | -231.71 | -116.31 | -0.24 | -175.0 | -113.64 | 0.21 | 5.0 | -16.0 | 3.36 | -57.14 | -74.96 | 71.57 | 1.14 | -23.09 | -181.58 | -4548.68 | -288.38 | 281.58 | 193.56 | 7699.74 | 15.82 | -3.06 | 4.08 |
| 24Q2 (19) | 0.28 | -47.17 | -90.7 | 17.29 | -5.93 | -8.18 | 0.11 | 37.5 | -98.2 | 2.43 | -44.52 | -83.47 | 1.19 | -54.23 | -87.39 | 0.41 | -48.1 | -91.37 | 0.32 | -40.74 | -86.67 | 0.20 | 11.11 | -16.67 | 7.84 | -24.69 | -57.51 | 70.76 | 7.83 | -32.65 | 4.08 | 214.29 | -90.16 | 95.92 | -2.82 | 64.61 | 16.32 | -11.45 | 10.94 |
| 24Q1 (18) | 0.53 | -25.35 | -53.51 | 18.38 | -4.62 | 4.73 | 0.08 | -97.75 | -98.75 | 4.38 | 52.08 | -4.78 | 2.60 | -5.11 | -22.62 | 0.79 | -25.47 | -56.59 | 0.54 | -18.18 | -43.75 | 0.18 | -14.29 | -28.0 | 10.41 | 34.5 | 24.82 | 65.62 | -17.65 | -38.07 | 1.30 | -98.96 | -99.06 | 98.70 | 521.13 | 356.24 | 18.43 | 24.53 | 41.01 |
| 23Q4 (17) | 0.71 | -67.13 | -75.43 | 19.27 | -14.81 | -11.85 | 3.56 | -62.05 | -69.36 | 2.88 | -70.43 | -71.71 | 2.74 | -58.17 | -61.46 | 1.06 | -67.98 | -77.64 | 0.66 | -62.5 | -70.8 | 0.21 | -16.0 | -30.0 | 7.74 | -42.32 | -41.89 | 79.68 | -14.38 | -33.01 | 125.00 | 29.68 | 9.68 | -23.44 | -749.22 | -67.81 | 14.80 | -2.63 | 39.49 |
| 23Q3 (16) | 2.16 | -28.24 | -20.0 | 22.62 | 20.13 | 20.77 | 9.38 | 53.27 | 35.16 | 9.74 | -33.74 | -11.86 | 6.55 | -30.61 | -10.27 | 3.31 | -30.32 | -28.66 | 1.76 | -26.67 | -18.89 | 0.25 | 4.17 | -13.79 | 13.42 | -27.26 | -4.96 | 93.06 | -11.43 | -22.86 | 96.39 | 132.37 | 53.27 | 3.61 | -93.8 | -90.27 | 15.20 | 3.33 | 14.2 |
| 23Q2 (15) | 3.01 | 164.04 | 64.48 | 18.83 | 7.29 | 18.28 | 6.12 | -4.08 | 42.33 | 14.70 | 219.57 | 66.48 | 9.44 | 180.95 | 70.09 | 4.75 | 160.99 | 45.26 | 2.40 | 150.0 | 58.94 | 0.24 | -4.0 | -11.11 | 18.45 | 121.22 | 47.72 | 105.07 | -0.84 | -10.34 | 41.48 | -70.05 | -14.66 | 58.27 | 251.28 | 13.38 | 14.71 | 12.55 | 6.9 |
| 23Q1 (14) | 1.14 | -60.55 | 456.25 | 17.55 | -19.72 | 15.23 | 6.38 | -45.09 | 220.6 | 4.60 | -54.81 | 483.33 | 3.36 | -52.74 | 389.66 | 1.82 | -61.6 | 413.79 | 0.96 | -57.52 | 500.0 | 0.25 | -16.67 | 13.64 | 8.34 | -37.39 | 192.63 | 105.96 | -10.91 | -15.13 | 138.52 | 21.54 | 182.52 | -38.52 | -175.79 | -114.38 | 13.07 | 23.19 | -14.63 |
| 22Q4 (13) | 2.89 | 7.04 | 604.88 | 21.86 | 16.71 | 92.6 | 11.62 | 67.44 | 1317.07 | 10.18 | -7.87 | 2984.85 | 7.11 | -2.6 | 570.75 | 4.74 | 2.16 | 515.58 | 2.26 | 4.15 | 527.78 | 0.30 | 3.45 | -9.09 | 13.32 | -5.67 | 329.68 | 118.94 | -1.41 | -5.15 | 113.97 | 81.22 | -55.23 | -13.97 | -137.63 | 90.4 | 10.61 | -20.29 | -4.41 |
| 22Q3 (12) | 2.70 | 47.54 | 154.72 | 18.73 | 17.65 | 17.06 | 6.94 | 61.4 | 51.2 | 11.05 | 25.14 | 79.67 | 7.30 | 31.53 | 126.01 | 4.64 | 41.9 | 132.0 | 2.17 | 43.71 | 130.85 | 0.29 | 7.41 | 0.0 | 14.12 | 13.05 | 51.83 | 120.64 | 2.94 | 0.21 | 62.89 | 29.39 | -15.99 | 37.11 | -27.79 | 47.6 | 13.31 | -3.27 | 0.91 |
| 22Q2 (11) | 1.83 | 671.88 | 181.54 | 15.92 | 4.53 | -5.41 | 4.30 | 116.08 | 16.85 | 8.83 | 835.83 | 145.96 | 5.55 | 578.45 | 130.29 | 3.27 | 663.79 | 165.85 | 1.51 | 729.17 | 155.93 | 0.27 | 22.73 | 12.5 | 12.49 | 338.25 | 71.33 | 117.19 | -6.14 | 3.19 | 48.61 | 128.96 | -52.52 | 51.39 | -80.81 | 2258.57 | 13.76 | -10.12 | -16.61 |
| 22Q1 (10) | -0.32 | -178.05 | -116.67 | 15.23 | 34.19 | -24.72 | 1.99 | 142.68 | -77.46 | -1.20 | -463.64 | -112.23 | -1.16 | -209.43 | -117.29 | -0.58 | -175.32 | -115.68 | -0.24 | -166.67 | -113.33 | 0.22 | -33.33 | -18.52 | 2.85 | -8.06 | -78.51 | 124.85 | -0.44 | 8.45 | -167.86 | -165.94 | -287.11 | 267.86 | 284.15 | 2612.05 | 15.31 | 37.93 | 9.12 |
| 21Q4 (9) | 0.41 | -61.32 | -84.53 | 11.35 | -29.06 | -47.26 | 0.82 | -82.14 | -92.91 | 0.33 | -94.63 | -96.95 | 1.06 | -67.18 | -87.6 | 0.77 | -61.5 | -85.69 | 0.36 | -61.7 | -86.81 | 0.33 | 13.79 | 3.13 | 3.10 | -66.67 | -77.32 | 125.40 | 4.16 | 28.72 | 254.55 | 240.04 | 137.3 | -145.45 | -678.51 | -2001.82 | 11.10 | -15.85 | -1.77 |
| 21Q3 (8) | 1.06 | 63.08 | -61.31 | 16.00 | -4.93 | -37.67 | 4.59 | 24.73 | -71.31 | 6.15 | 71.31 | -54.1 | 3.23 | 34.02 | -66.7 | 2.00 | 62.6 | -66.56 | 0.94 | 59.32 | -68.67 | 0.29 | 20.83 | -6.45 | 9.30 | 27.57 | -43.43 | 120.39 | 6.01 | 22.88 | 74.86 | -26.88 | -37.24 | 25.14 | 1156.0 | 230.5 | 13.19 | -20.06 | 2.01 |
| 21Q2 (7) | 0.65 | -66.15 | -75.19 | 16.83 | -16.81 | -25.6 | 3.68 | -58.32 | -73.81 | 3.59 | -63.4 | -75.94 | 2.41 | -64.08 | -74.87 | 1.23 | -66.76 | -78.57 | 0.59 | -67.22 | -81.15 | 0.24 | -11.11 | -27.27 | 7.29 | -45.02 | -57.89 | 113.57 | -1.35 | 11.83 | 102.38 | 14.12 | 8.86 | -2.38 | -124.11 | -140.02 | 16.50 | 17.61 | 0 |
| 21Q1 (6) | 1.92 | -27.55 | 84.62 | 20.23 | -5.99 | 35.23 | 8.83 | -23.68 | 186.69 | 9.81 | -9.25 | 49.09 | 6.71 | -21.52 | 22.22 | 3.70 | -31.23 | 66.67 | 1.80 | -34.07 | 40.62 | 0.27 | -15.62 | 17.39 | 13.26 | -3.0 | 33.67 | 115.12 | 18.17 | 73.53 | 89.71 | -16.37 | 89.98 | 9.88 | 242.72 | -81.29 | 14.03 | 24.16 | 0 |
| 20Q4 (5) | 2.65 | -3.28 | 100.76 | 21.52 | -16.17 | 8.14 | 11.57 | -27.69 | 20.9 | 10.81 | -19.33 | 41.86 | 8.55 | -11.86 | 77.02 | 5.38 | -10.03 | 89.44 | 2.73 | -9.0 | 71.7 | 0.32 | 3.23 | -3.03 | 13.67 | -16.85 | 45.74 | 97.42 | -0.56 | 23.27 | 107.27 | -10.06 | -14.66 | -6.92 | 64.08 | 73.07 | 11.30 | -12.61 | 0 |
| 20Q3 (4) | 2.74 | 4.58 | 0.0 | 25.67 | 13.48 | 0.0 | 16.00 | 13.88 | 0.0 | 13.40 | -10.19 | 0.0 | 9.70 | 1.15 | 0.0 | 5.98 | 4.18 | 0.0 | 3.00 | -4.15 | 0.0 | 0.31 | -6.06 | 0.0 | 16.44 | -5.03 | 0.0 | 97.97 | -3.53 | 0.0 | 119.27 | 26.81 | 0.0 | -19.27 | -423.85 | 0.0 | 12.93 | 0 | 0.0 |
| 20Q2 (3) | 2.62 | 151.92 | 0.0 | 22.62 | 51.2 | 0.0 | 14.05 | 356.17 | 0.0 | 14.92 | 126.75 | 0.0 | 9.59 | 74.68 | 0.0 | 5.74 | 158.56 | 0.0 | 3.13 | 144.53 | 0.0 | 0.33 | 43.48 | 0.0 | 17.31 | 74.5 | 0.0 | 101.56 | 53.09 | 0.0 | 94.05 | 99.17 | 0.0 | 5.95 | -88.73 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.04 | -21.21 | 0.0 | 14.96 | -24.82 | 0.0 | 3.08 | -67.82 | 0.0 | 6.58 | -13.65 | 0.0 | 5.49 | 13.66 | 0.0 | 2.22 | -21.83 | 0.0 | 1.28 | -19.5 | 0.0 | 0.23 | -30.3 | 0.0 | 9.92 | 5.76 | 0.0 | 66.34 | -16.06 | 0.0 | 47.22 | -62.43 | 0.0 | 52.78 | 305.37 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.32 | 0.0 | 0.0 | 19.90 | 0.0 | 0.0 | 9.57 | 0.0 | 0.0 | 7.62 | 0.0 | 0.0 | 4.83 | 0.0 | 0.0 | 2.84 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 9.38 | 0.0 | 0.0 | 79.03 | 0.0 | 0.0 | 125.70 | 0.0 | 0.0 | -25.70 | 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) | 7.02 | -1.13 | 19.58 | 7.05 | 6.52 | -2.83 | 3.37 | 8.79 | 8.19 | 4.46 | 5.63 | 9.32 | 10.92 | -10.71 | 5.87 | 2.62 | 0.98 | -8.41 | 12.14 | 7.82 | 79.68 | -33.01 | 79.68 | -6.95 | 20.32 | 41.47 | 0.32 | 17.41 | 14.41 | 10.76 |
| 2022 (9) | 7.10 | 75.31 | 18.29 | 16.42 | 6.71 | 59.76 | 3.10 | 0.45 | 7.84 | 68.6 | 5.15 | 61.95 | 12.23 | 58.83 | 5.72 | 55.01 | 1.07 | -6.96 | 11.26 | 43.07 | 118.94 | -5.15 | 85.64 | -4.91 | 14.36 | 47.36 | 0.27 | -4.33 | 13.01 | -3.2 |
| 2021 (8) | 4.05 | -55.3 | 15.71 | -27.7 | 4.20 | -64.62 | 3.09 | 10.46 | 4.65 | -60.59 | 3.18 | -62.94 | 7.70 | -58.31 | 3.69 | -62.35 | 1.15 | 0.88 | 7.87 | -46.39 | 125.40 | 28.72 | 90.06 | -10.44 | 9.75 | 0 | 0.29 | -14.36 | 13.44 | 6.41 |
| 2020 (7) | 9.06 | 11.58 | 21.73 | 0.42 | 11.87 | 4.67 | 2.80 | 49.99 | 11.80 | 4.7 | 8.58 | 5.02 | 18.47 | 3.94 | 9.80 | -1.11 | 1.14 | -5.79 | 14.68 | 11.21 | 97.42 | 23.27 | 100.56 | 0.04 | -0.56 | 0 | 0.33 | 101.61 | 12.63 | 9.73 |
| 2019 (6) | 8.12 | 17.68 | 21.64 | 6.86 | 11.34 | 5.1 | 1.86 | 4.22 | 11.27 | -7.24 | 8.17 | 5.15 | 17.77 | 10.92 | 9.91 | 11.1 | 1.21 | 6.14 | 13.20 | -5.92 | 79.03 | -0.9 | 100.52 | 13.16 | -0.52 | 0 | 0.17 | -12.37 | 11.51 | -4.8 |
| 2018 (5) | 6.90 | 19.17 | 20.25 | -2.17 | 10.79 | -0.55 | 1.79 | 4.43 | 12.15 | 29.12 | 7.77 | 9.75 | 16.02 | 18.14 | 8.92 | 16.75 | 1.14 | 6.54 | 14.03 | 24.38 | 79.75 | -0.72 | 88.83 | -22.98 | 11.17 | 0 | 0.19 | 35.86 | 12.09 | -12.01 |
| 2017 (4) | 5.79 | -47.12 | 20.70 | -20.87 | 10.85 | -33.68 | 1.71 | 18.99 | 9.41 | -46.35 | 7.08 | -45.37 | 13.56 | -47.85 | 7.64 | -47.89 | 1.07 | -5.31 | 11.28 | -40.91 | 80.33 | 3.05 | 115.34 | 23.65 | -15.34 | 0 | 0.14 | 0 | 13.74 | 6.84 |
| 2016 (3) | 10.95 | 40.93 | 26.16 | 6.38 | 16.36 | 23.38 | 1.44 | -14.74 | 17.54 | 12.65 | 12.96 | 16.76 | 26.00 | 29.74 | 14.66 | 27.59 | 1.13 | 9.71 | 19.09 | 9.59 | 77.95 | 0.1 | 93.28 | 9.59 | 6.72 | -54.84 | 0.00 | 0 | 12.86 | 0.0 |
| 2015 (2) | 7.77 | 17.73 | 24.59 | 2.29 | 13.26 | 5.32 | 1.69 | 3.35 | 15.57 | 16.98 | 11.10 | 15.62 | 20.04 | 6.2 | 11.49 | 9.85 | 1.03 | -4.63 | 17.42 | 14.68 | 77.87 | 6.91 | 85.12 | -9.98 | 14.88 | 173.68 | 0.00 | 0 | 12.86 | 10.48 |
| 2014 (1) | 6.60 | 6.45 | 24.04 | 0 | 12.59 | 0 | 1.63 | 17.05 | 13.31 | 0 | 9.60 | 0 | 18.87 | 0 | 10.46 | 0 | 1.08 | -8.47 | 15.19 | 16.85 | 72.84 | -22.44 | 94.56 | -2.59 | 5.44 | 86.19 | 0.00 | 0 | 11.64 | 16.28 |
