- 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) | -1.03 | -512.0 | -142.56 | 5.21 | -36.23 | -71.04 | -8.06 | -225.0 | -196.53 | -6.63 | -13160.0 | -157.55 | -5.13 | -546.09 | -153.0 | -1.26 | -470.59 | -139.87 | -0.82 | -456.52 | -142.93 | 0.17 | -10.53 | -10.53 | 5.70 | -45.82 | -73.0 | 50.16 | 7.78 | -16.87 | 121.65 | -97.4 | 67.83 | -21.65 | 99.53 | -178.66 | 20.84 | 17.67 | 12.28 |
| 24Q2 (19) | 0.25 | 316.67 | -85.71 | 8.17 | -7.68 | -47.99 | -2.48 | 11.11 | -147.33 | -0.05 | 16.67 | -100.6 | 1.15 | 325.93 | -83.33 | 0.34 | 385.71 | -85.59 | 0.23 | 228.57 | -83.33 | 0.19 | 11.76 | 0.0 | 10.52 | -10.77 | -40.8 | 46.54 | -22.07 | -40.23 | 4675.00 | -1.06 | 7391.0 | -4575.00 | 1.08 | -12270.21 | 17.71 | -11.54 | 1.32 |
| 24Q1 (18) | 0.06 | -96.95 | -80.65 | 8.85 | -44.62 | -7.91 | -2.79 | -142.4 | -1295.0 | -0.06 | -100.8 | -105.45 | 0.27 | -96.3 | -78.23 | 0.07 | -97.05 | -83.33 | 0.07 | -95.48 | -70.83 | 0.17 | -19.05 | -5.56 | 11.79 | -29.49 | 15.14 | 59.72 | 22.05 | -22.21 | 4725.00 | 5275.85 | 26382.81 | -4625.00 | -38803.95 | -4020.24 | 20.02 | 10.24 | 21.55 |
| 23Q4 (17) | 1.97 | -18.6 | 17.96 | 15.98 | -11.17 | -0.93 | 6.58 | -21.2 | -17.65 | 7.48 | -35.07 | 20.84 | 7.29 | -24.69 | 49.08 | 2.37 | -25.0 | 7.73 | 1.55 | -18.85 | 32.48 | 0.21 | 10.53 | -12.5 | 16.72 | -20.8 | 32.59 | 48.93 | -18.91 | -42.35 | 87.89 | 21.26 | -31.88 | 11.95 | -56.58 | 141.17 | 18.16 | -2.16 | 21.31 |
| 23Q3 (16) | 2.42 | 38.29 | -59.53 | 17.99 | 14.51 | -19.36 | 8.35 | 59.35 | -44.15 | 11.52 | 37.31 | -39.94 | 9.68 | 40.29 | -38.34 | 3.16 | 33.9 | -61.08 | 1.91 | 38.41 | -54.2 | 0.19 | 0.0 | -26.92 | 21.11 | 18.8 | -15.59 | 60.34 | -22.51 | -38.2 | 72.48 | 16.14 | -6.95 | 27.52 | -26.8 | 24.5 | 18.56 | 6.18 | 24.4 |
| 23Q2 (15) | 1.75 | 464.52 | 94.44 | 15.71 | 63.48 | 41.53 | 5.24 | 2720.0 | 451.58 | 8.39 | 662.73 | 104.63 | 6.90 | 456.45 | 74.68 | 2.36 | 461.9 | 87.3 | 1.38 | 475.0 | 112.31 | 0.19 | 5.56 | 18.75 | 17.77 | 73.54 | 33.51 | 77.87 | 1.43 | -16.65 | 62.41 | 447.15 | 171.34 | 37.59 | -68.14 | -50.97 | 17.48 | 6.13 | -0.63 |
| 23Q1 (14) | 0.31 | -81.44 | -86.46 | 9.61 | -40.42 | -39.52 | -0.20 | -102.5 | -102.51 | 1.10 | -82.23 | -89.49 | 1.24 | -74.64 | -84.97 | 0.42 | -80.91 | -86.83 | 0.24 | -79.49 | -85.45 | 0.18 | -25.0 | -10.0 | 10.24 | -18.79 | -40.01 | 76.77 | -9.55 | -25.06 | -17.98 | -113.93 | -123.58 | 117.98 | 506.43 | 394.31 | 16.47 | 10.02 | 12.12 |
| 22Q4 (13) | 1.67 | -72.07 | -55.23 | 16.13 | -27.7 | -18.58 | 7.99 | -46.56 | -39.65 | 6.19 | -67.73 | -57.66 | 4.89 | -68.85 | -54.13 | 2.20 | -72.91 | -58.02 | 1.17 | -71.94 | -58.21 | 0.24 | -7.69 | -7.69 | 12.61 | -49.58 | -34.32 | 84.88 | -13.06 | -3.67 | 129.03 | 65.64 | 42.43 | -29.03 | -231.33 | -408.48 | 14.97 | 0.34 | 26.12 |
| 22Q3 (12) | 5.98 | 564.44 | 122.3 | 22.31 | 100.99 | 23.06 | 14.95 | 1473.68 | 45.29 | 19.18 | 367.8 | 45.86 | 15.70 | 297.47 | 52.58 | 8.12 | 544.44 | 106.62 | 4.17 | 541.54 | 97.63 | 0.26 | 62.5 | 30.0 | 25.01 | 87.9 | 35.19 | 97.63 | 4.5 | 11.48 | 77.90 | 238.68 | -0.46 | 22.10 | -71.17 | 1.67 | 14.92 | -15.18 | -0.33 |
| 22Q2 (11) | 0.90 | -60.7 | 172.73 | 11.10 | -30.14 | -22.43 | 0.95 | -88.08 | -69.75 | 4.10 | -60.84 | 38.98 | 3.95 | -52.12 | 136.53 | 1.26 | -60.5 | 157.14 | 0.65 | -60.61 | 132.14 | 0.16 | -20.0 | 0.0 | 13.31 | -22.03 | 42.51 | 93.43 | -8.8 | 8.2 | 23.00 | -69.83 | -78.35 | 76.67 | 221.22 | 1326.67 | 17.59 | 19.74 | 14.89 |
| 22Q1 (10) | 2.29 | -38.61 | 57.93 | 15.89 | -19.79 | -8.36 | 7.97 | -39.8 | 16.35 | 10.47 | -28.39 | 21.6 | 8.25 | -22.61 | 13.79 | 3.19 | -39.12 | 54.11 | 1.65 | -41.07 | 38.66 | 0.20 | -23.08 | 25.0 | 17.07 | -11.09 | 15.81 | 102.44 | 16.26 | 20.66 | 76.23 | -15.85 | -4.28 | 23.87 | 153.64 | 17.24 | 14.69 | 23.76 | 1.59 |
| 21Q4 (9) | 3.73 | 38.66 | -13.46 | 19.81 | 9.27 | -10.32 | 13.24 | 28.67 | -13.69 | 14.62 | 11.18 | -16.88 | 10.66 | 3.6 | -22.3 | 5.24 | 33.33 | -12.08 | 2.80 | 32.7 | -22.65 | 0.26 | 30.0 | 0.0 | 19.20 | 3.78 | -10.36 | 88.11 | 0.61 | 30.84 | 90.59 | 15.75 | 3.85 | 9.41 | -56.71 | -26.29 | 11.87 | -20.71 | 7.23 |
| 21Q3 (8) | 2.69 | 715.15 | 60.12 | 18.13 | 26.69 | -3.82 | 10.29 | 227.71 | 13.2 | 13.15 | 345.76 | 40.49 | 10.29 | 516.17 | 43.72 | 3.93 | 702.04 | 54.12 | 2.11 | 653.57 | 33.54 | 0.20 | 25.0 | -9.09 | 18.50 | 98.07 | 26.71 | 87.58 | 1.42 | 41.58 | 78.26 | -26.34 | -19.38 | 21.74 | 447.83 | 644.07 | 14.97 | -2.22 | -0.07 |
| 21Q2 (7) | 0.33 | -77.24 | -79.11 | 14.31 | -17.47 | -28.59 | 3.14 | -54.16 | -69.63 | 2.95 | -65.74 | -71.8 | 1.67 | -76.97 | -79.07 | 0.49 | -76.33 | -79.32 | 0.28 | -76.47 | -81.82 | 0.16 | 0.0 | -15.79 | 9.34 | -36.64 | -44.8 | 86.35 | 1.71 | 31.87 | 106.25 | 33.41 | 7.5 | -6.25 | -130.7 | -635.94 | 15.31 | 5.88 | -0.52 |
| 21Q1 (6) | 1.45 | -66.36 | 29.46 | 17.34 | -21.5 | -15.21 | 6.85 | -55.35 | -19.13 | 8.61 | -51.05 | -17.05 | 7.25 | -47.16 | -9.26 | 2.07 | -65.27 | 25.45 | 1.19 | -67.13 | 7.21 | 0.16 | -38.46 | 23.08 | 14.74 | -31.19 | -25.03 | 84.90 | 26.08 | 68.12 | 79.64 | -8.7 | -2.39 | 20.36 | 59.47 | 10.58 | 14.46 | 30.62 | -23.33 |
| 20Q4 (5) | 4.31 | 156.55 | -17.9 | 22.09 | 17.19 | -28.86 | 15.34 | 68.76 | -38.0 | 17.59 | 87.93 | -26.77 | 13.72 | 91.62 | -27.48 | 5.96 | 133.73 | -25.59 | 3.62 | 129.11 | -28.32 | 0.26 | 18.18 | 0.0 | 21.42 | 46.71 | -24.36 | 67.34 | 8.86 | 17.89 | 87.23 | -10.14 | -15.27 | 12.77 | 336.94 | 525.13 | 11.07 | -26.1 | -7.83 |
| 20Q3 (4) | 1.68 | 6.33 | 0.0 | 18.85 | -5.94 | 0.0 | 9.09 | -12.09 | 0.0 | 9.36 | -10.52 | 0.0 | 7.16 | -10.28 | 0.0 | 2.55 | 7.59 | 0.0 | 1.58 | 2.6 | 0.0 | 0.22 | 15.79 | 0.0 | 14.60 | -13.71 | 0.0 | 61.86 | -5.53 | 0.0 | 97.08 | -1.78 | 0.0 | 2.92 | 150.53 | 0.0 | 14.98 | -2.66 | 0.0 |
| 20Q2 (3) | 1.58 | 41.07 | 0.0 | 20.04 | -2.0 | 0.0 | 10.34 | 22.08 | 0.0 | 10.46 | 0.77 | 0.0 | 7.98 | -0.13 | 0.0 | 2.37 | 43.64 | 0.0 | 1.54 | 38.74 | 0.0 | 0.19 | 46.15 | 0.0 | 16.92 | -13.94 | 0.0 | 65.48 | 29.66 | 0.0 | 98.83 | 21.13 | 0.0 | 1.17 | -93.67 | 0.0 | 15.39 | -18.4 | 0.0 |
| 20Q1 (2) | 1.12 | -78.67 | 0.0 | 20.45 | -34.14 | 0.0 | 8.47 | -65.76 | 0.0 | 10.38 | -56.79 | 0.0 | 7.99 | -57.77 | 0.0 | 1.65 | -79.4 | 0.0 | 1.11 | -78.02 | 0.0 | 0.13 | -50.0 | 0.0 | 19.66 | -30.58 | 0.0 | 50.50 | -11.59 | 0.0 | 81.59 | -20.75 | 0.0 | 18.41 | 713.08 | 0.0 | 18.86 | 57.04 | 0.0 |
| 19Q4 (1) | 5.25 | 0.0 | 0.0 | 31.05 | 0.0 | 0.0 | 24.74 | 0.0 | 0.0 | 24.02 | 0.0 | 0.0 | 18.92 | 0.0 | 0.0 | 8.01 | 0.0 | 0.0 | 5.05 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 28.32 | 0.0 | 0.0 | 57.12 | 0.0 | 0.0 | 102.96 | 0.0 | 0.0 | -3.00 | 0.0 | 0.0 | 12.01 | 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) | 6.45 | -40.44 | 14.83 | -12.92 | 5.00 | -43.25 | 9.06 | 36.01 | 7.11 | -33.92 | 6.28 | -28.56 | 7.91 | -43.13 | 4.87 | -35.24 | 0.76 | -10.59 | 16.45 | -6.27 | 48.93 | -42.35 | 70.36 | -14.05 | 29.68 | 63.88 | 5.07 | 8902.37 | 17.67 | 14.96 |
| 2022 (9) | 10.83 | 32.23 | 17.03 | -4.33 | 8.81 | -4.24 | 6.66 | 24.84 | 10.76 | 0.37 | 8.79 | 8.52 | 13.91 | 23.75 | 7.52 | 18.05 | 0.85 | 8.97 | 17.55 | 8.53 | 84.88 | -3.67 | 81.86 | -4.6 | 18.11 | 27.69 | 0.06 | 94.55 | 15.37 | 10.89 |
| 2021 (8) | 8.19 | -5.1 | 17.80 | -13.26 | 9.20 | -20.0 | 5.33 | -0.28 | 10.72 | -15.59 | 8.10 | -17.43 | 11.24 | -9.06 | 6.37 | -17.17 | 0.78 | 1.3 | 16.17 | -11.78 | 88.11 | 30.84 | 85.82 | -5.25 | 14.18 | 50.44 | 0.03 | -40.99 | 13.86 | -2.87 |
| 2020 (7) | 8.63 | -13.87 | 20.52 | -10.16 | 11.50 | -21.18 | 5.35 | 11.56 | 12.70 | -17.37 | 9.81 | -18.99 | 12.36 | -19.37 | 7.69 | -25.99 | 0.77 | -8.33 | 18.33 | -11.49 | 67.34 | 17.89 | 90.57 | -4.54 | 9.43 | 84.06 | 0.05 | -63.22 | 14.27 | 2.29 |
| 2019 (6) | 10.02 | 17.19 | 22.84 | 19.39 | 14.59 | 23.85 | 4.79 | 3.49 | 15.37 | 18.23 | 12.11 | 22.57 | 15.33 | 7.43 | 10.39 | 14.43 | 0.84 | -8.7 | 20.71 | 16.54 | 57.12 | 30.2 | 94.88 | 4.75 | 5.12 | -45.64 | 0.13 | -57.11 | 13.95 | 10.89 |
| 2018 (5) | 8.55 | -15.09 | 19.13 | -12.69 | 11.78 | -23.11 | 4.63 | 17.37 | 13.00 | -13.33 | 9.88 | -16.48 | 14.27 | -22.06 | 9.08 | -19.79 | 0.92 | -3.16 | 17.77 | -7.06 | 43.87 | -39.1 | 90.58 | -11.34 | 9.42 | 0 | 0.31 | 0 | 12.58 | -2.48 |
| 2017 (4) | 10.07 | 19.6 | 21.91 | -7.82 | 15.32 | -4.13 | 3.95 | -22.63 | 15.00 | -3.23 | 11.83 | -0.67 | 18.31 | 23.63 | 11.32 | 11.75 | 0.95 | 13.1 | 19.12 | -8.6 | 72.04 | 40.07 | 102.17 | -0.91 | -2.17 | 0 | 0.00 | 0 | 12.90 | -2.64 |
| 2016 (3) | 8.42 | -22.25 | 23.77 | -10.47 | 15.98 | -15.0 | 5.10 | 4.67 | 15.50 | -23.42 | 11.91 | -21.85 | 14.81 | -35.02 | 10.13 | -24.23 | 0.84 | -2.33 | 20.92 | -18.41 | 51.43 | 16.23 | 103.11 | 10.95 | -3.14 | 0 | 0.00 | 0 | 13.25 | -10.53 |
| 2015 (2) | 10.83 | 61.4 | 26.55 | 19.97 | 18.80 | 37.73 | 4.87 | -15.18 | 20.24 | 28.51 | 15.24 | 34.04 | 22.79 | 31.2 | 13.37 | 66.09 | 0.86 | 28.36 | 25.64 | 13.55 | 44.25 | -64.43 | 92.93 | 7.25 | 7.07 | -47.06 | 0.00 | 0 | 14.81 | -8.58 |
| 2014 (1) | 6.71 | -30.39 | 22.13 | 0 | 13.65 | 0 | 5.75 | 50.31 | 15.75 | 0 | 11.37 | 0 | 17.37 | 0 | 8.05 | 0 | 0.67 | -20.24 | 22.58 | -1.57 | 124.39 | -7.59 | 86.64 | 6.22 | 13.36 | -27.54 | 0.00 | 0 | 16.20 | 11.57 |
