- 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) | 1.00 | -50.98 | -75.55 | 27.40 | -22.84 | -26.38 | 3.22 | -83.94 | -83.57 | -0.36 | -101.47 | -101.52 | 0.15 | -99.27 | -99.2 | 0.06 | -99.02 | -99.48 | 0.25 | -94.02 | -96.8 | 0.26 | 30.0 | -36.59 | 5.90 | -78.14 | -82.06 | 69.87 | 10.08 | 33.09 | -950.00 | -1267.47 | -1198.12 | 1050.00 | 5536.84 | 7425.0 | 18.22 | 41.79 | 43.69 |
| 24Q2 (19) | 2.04 | 1.49 | -7.69 | 35.51 | 2.3 | 6.22 | 20.05 | 11.89 | 0.15 | 24.53 | -9.55 | 3.63 | 20.68 | -6.85 | 16.7 | 6.14 | 7.53 | -22.38 | 4.18 | 1.7 | -21.58 | 0.20 | 11.11 | -33.33 | 26.99 | -10.27 | 7.32 | 63.47 | 75.19 | 28.4 | 81.37 | 23.26 | -4.54 | 18.63 | -45.18 | 19.61 | 12.85 | -4.67 | 24.15 |
| 24Q1 (18) | 2.01 | 0.0 | 0.0 | 34.71 | -8.15 | -10.17 | 17.92 | -58.24 | -35.54 | 27.12 | -11.4 | -0.04 | 22.20 | -13.69 | 6.94 | 5.71 | 7.74 | -25.46 | 4.11 | 17.09 | -23.18 | 0.18 | 28.57 | -30.77 | 30.08 | 54.81 | 3.76 | 36.23 | -19.6 | -26.63 | 66.02 | -50.12 | -35.15 | 33.98 | 205.03 | 1357.28 | 13.48 | 564.83 | 68.5 |
| 23Q4 (17) | 2.01 | -50.86 | 139.29 | 37.79 | 1.53 | 8.41 | 42.91 | 118.93 | 139.85 | 30.61 | 29.37 | 131.54 | 25.72 | 37.39 | 146.36 | 5.30 | -54.43 | 68.79 | 3.51 | -55.06 | 52.61 | 0.14 | -65.85 | -36.36 | 19.43 | -40.92 | 24.87 | 45.06 | -14.17 | 18.89 | 132.35 | 52.99 | -0.74 | -32.35 | -331.86 | 9.41 | -2.90 | -122.87 | -119.67 |
| 23Q3 (16) | 4.09 | 85.07 | 140.59 | 37.22 | 11.34 | 11.7 | 19.60 | -2.1 | 27.6 | 23.66 | -0.04 | -2.35 | 18.72 | 5.64 | 4.35 | 11.63 | 47.03 | 56.74 | 7.81 | 46.53 | 57.14 | 0.41 | 36.67 | 46.43 | 32.89 | 30.78 | 24.87 | 52.50 | 6.21 | 40.34 | 86.51 | 1.48 | 36.98 | 13.95 | -10.4 | -62.13 | 12.68 | 22.51 | -13.74 |
| 23Q2 (15) | 2.21 | 9.95 | 413.95 | 33.43 | -13.48 | 7.25 | 20.02 | -27.99 | 232.56 | 23.67 | -12.75 | 118.36 | 17.72 | -14.64 | 152.06 | 7.91 | 3.26 | 155.16 | 5.33 | -0.37 | 192.86 | 0.30 | 15.38 | 20.0 | 25.15 | -13.25 | 91.84 | 49.43 | 0.1 | -25.0 | 85.25 | -16.26 | 54.99 | 15.57 | 676.23 | -65.39 | 10.35 | 29.37 | -50.1 |
| 23Q1 (14) | 2.01 | 139.29 | 87.85 | 38.64 | 10.84 | 23.25 | 27.80 | 55.39 | 98.15 | 27.13 | 105.22 | 46.41 | 20.76 | 98.85 | 38.03 | 7.66 | 143.95 | -25.7 | 5.35 | 132.61 | 30.49 | 0.26 | 18.18 | -3.7 | 28.99 | 86.31 | 37.0 | 49.38 | 30.29 | -43.55 | 101.80 | -23.65 | 35.74 | -2.70 | 92.43 | -110.81 | 8.00 | -45.73 | -43.82 |
| 22Q4 (13) | 0.84 | -50.59 | 55.56 | 34.86 | 4.62 | 23.44 | 17.89 | 16.47 | 127.61 | 13.22 | -45.44 | 28.47 | 10.44 | -41.81 | 18.64 | 3.14 | -57.68 | -63.7 | 2.30 | -53.72 | -9.09 | 0.22 | -21.43 | -21.43 | 15.56 | -40.93 | 18.24 | 37.90 | 1.31 | -91.07 | 133.33 | 111.11 | 71.43 | -35.71 | -196.94 | -260.71 | 14.74 | 0.27 | -2.83 |
| 22Q3 (12) | 1.70 | 295.35 | 750.0 | 33.32 | 6.9 | 45.69 | 15.36 | 155.15 | 253.92 | 24.23 | 123.52 | 342.15 | 17.94 | 155.19 | 367.19 | 7.42 | 139.35 | 116.96 | 4.97 | 173.08 | 270.9 | 0.28 | 12.0 | -15.15 | 26.34 | 100.92 | 234.26 | 37.41 | -43.24 | -75.1 | 63.16 | 14.83 | -22.27 | 36.84 | -18.13 | 96.49 | 14.70 | -29.12 | -3.98 |
| 22Q2 (11) | 0.43 | -59.81 | 59.26 | 31.17 | -0.57 | 11.96 | 6.02 | -57.09 | -20.58 | 10.84 | -41.5 | -2.43 | 7.03 | -53.26 | -39.81 | 3.10 | -69.93 | -56.03 | 1.82 | -55.61 | -43.83 | 0.25 | -7.41 | -7.41 | 13.11 | -38.04 | -4.38 | 65.91 | -24.66 | -65.62 | 55.00 | -26.67 | -18.95 | 45.00 | 80.0 | 40.0 | 20.74 | 45.65 | 33.12 |
| 22Q1 (10) | 1.07 | 98.15 | 311.54 | 31.35 | 11.01 | 13.46 | 14.03 | 78.5 | 72.57 | 18.53 | 80.08 | 54.29 | 15.04 | 70.91 | 17.5 | 10.31 | 19.19 | 63.39 | 4.10 | 62.06 | 18.16 | 0.27 | -3.57 | 0.0 | 21.16 | 60.79 | 39.85 | 87.48 | -79.39 | 16.31 | 75.00 | -3.57 | 14.47 | 25.00 | 12.5 | -19.44 | 14.24 | -6.13 | -9.01 |
| 21Q4 (9) | 0.54 | 170.0 | 200.0 | 28.24 | 23.48 | -4.47 | 7.86 | 81.11 | 129.82 | 10.29 | 87.77 | 18.14 | 8.80 | 129.17 | 11.53 | 8.65 | 152.92 | 13.97 | 2.53 | 88.81 | -27.71 | 0.28 | -15.15 | -34.88 | 13.16 | 67.01 | 7.6 | 424.44 | 182.55 | 339.74 | 77.78 | -4.27 | 105.05 | 22.22 | 18.52 | -62.09 | 15.17 | -0.91 | -24.15 |
| 21Q3 (8) | 0.20 | -25.93 | -25.93 | 22.87 | -17.85 | 15.27 | 4.34 | -42.74 | 169.57 | 5.48 | -50.68 | 126.45 | 3.84 | -67.12 | 69.16 | 3.42 | -51.49 | -52.23 | 1.34 | -58.64 | -65.1 | 0.33 | 22.22 | -76.6 | 7.88 | -42.52 | 31.33 | 150.22 | -21.64 | -18.14 | 81.25 | 19.74 | 17.36 | 18.75 | -41.67 | -39.06 | 15.31 | -1.73 | 2.48 |
| 21Q2 (7) | 0.27 | 3.85 | 80.0 | 27.84 | 0.76 | -1.35 | 7.58 | -6.77 | -23.51 | 11.11 | -7.49 | 21.29 | 11.68 | -8.75 | 27.51 | 7.05 | 11.73 | 115.6 | 3.24 | -6.63 | 20.9 | 0.27 | 0.0 | -6.9 | 13.71 | -9.39 | 50.83 | 191.70 | 154.89 | 705.8 | 67.86 | 3.57 | -32.14 | 32.14 | 3.57 | 0 | 15.58 | -0.45 | 0 |
| 21Q1 (6) | 0.26 | 44.44 | 73.33 | 27.63 | -6.53 | -13.41 | 8.13 | 137.72 | 12.45 | 12.01 | 37.89 | 7.52 | 12.80 | 62.23 | 14.9 | 6.31 | -16.86 | 88.36 | 3.47 | -0.86 | 30.94 | 0.27 | -37.21 | 12.5 | 15.13 | 23.71 | 36.18 | 75.21 | -22.08 | 271.59 | 65.52 | 72.73 | -12.64 | 31.03 | -47.06 | 24.14 | 15.65 | -21.75 | -12.96 |
| 20Q4 (5) | 0.18 | -33.33 | 126.87 | 29.56 | 48.99 | 80.91 | 3.42 | 112.42 | 114.45 | 8.71 | 259.92 | 126.09 | 7.89 | 247.58 | 121.97 | 7.59 | 6.01 | 162.68 | 3.50 | -8.85 | 137.55 | 0.43 | -69.5 | 65.38 | 12.23 | 103.83 | 142.81 | 96.52 | -47.4 | 196.98 | 37.93 | -45.21 | -46.9 | 58.62 | 90.52 | 105.17 | 20.00 | 33.87 | -45.55 |
| 20Q3 (4) | 0.27 | 80.0 | 0.0 | 19.84 | -29.7 | 0.0 | 1.61 | -83.75 | 0.0 | 2.42 | -73.58 | 0.0 | 2.27 | -75.22 | 0.0 | 7.16 | 118.96 | 0.0 | 3.84 | 43.28 | 0.0 | 1.41 | 386.21 | 0.0 | 6.00 | -33.99 | 0.0 | 183.51 | 671.37 | 0.0 | 69.23 | -30.77 | 0.0 | 30.77 | 0 | 0.0 | 14.94 | 0 | 0.0 |
| 20Q2 (3) | 0.15 | 0.0 | 0.0 | 28.22 | -11.56 | 0.0 | 9.91 | 37.07 | 0.0 | 9.16 | -17.99 | 0.0 | 9.16 | -17.77 | 0.0 | 3.27 | -2.39 | 0.0 | 2.68 | 1.13 | 0.0 | 0.29 | 20.83 | 0.0 | 9.09 | -18.18 | 0.0 | 23.79 | 17.54 | 0.0 | 100.00 | 33.33 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.15 | 122.39 | 0.0 | 31.91 | 95.29 | 0.0 | 7.23 | 130.56 | 0.0 | 11.17 | 133.46 | 0.0 | 11.14 | 131.02 | 0.0 | 3.35 | 127.66 | 0.0 | 2.65 | 128.43 | 0.0 | 0.24 | -7.69 | 0.0 | 11.11 | 138.89 | 0.0 | 20.24 | -37.72 | 0.0 | 75.00 | 5.0 | 0.0 | 25.00 | -12.5 | 0.0 | 17.98 | -51.05 | 0.0 |
| 19Q4 (1) | -0.67 | 0.0 | 0.0 | 16.34 | 0.0 | 0.0 | -23.66 | 0.0 | 0.0 | -33.38 | 0.0 | 0.0 | -35.91 | 0.0 | 0.0 | -12.11 | 0.0 | 0.0 | -9.32 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | -28.57 | 0.0 | 0.0 | 32.50 | 0.0 | 0.0 | 71.43 | 0.0 | 0.0 | 28.57 | 0.0 | 0.0 | 36.73 | 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) | 10.32 | 122.89 | 36.67 | 12.38 | 24.79 | 87.95 | 1.06 | -39.87 | 25.37 | 49.76 | 19.93 | 56.31 | 34.71 | 21.88 | 24.58 | 70.93 | 1.23 | 10.81 | 26.80 | 38.57 | 45.06 | 18.89 | 97.64 | 25.31 | 2.36 | -89.3 | 4.20 | -31.78 | 8.88 | -45.05 |
| 2022 (9) | 4.63 | 289.08 | 32.63 | 23.13 | 13.19 | 91.99 | 1.76 | -19.92 | 16.94 | 77.75 | 12.75 | 41.51 | 28.48 | 2.37 | 14.38 | 49.33 | 1.11 | 6.73 | 19.34 | 57.75 | 37.90 | -91.07 | 77.92 | 7.14 | 22.08 | -21.92 | 6.15 | -27.25 | 16.16 | 4.8 |
| 2021 (8) | 1.19 | 60.81 | 26.50 | 10.05 | 6.87 | 141.9 | 2.20 | -17.08 | 9.53 | 81.18 | 9.01 | 84.25 | 27.82 | 77.31 | 9.63 | 5.25 | 1.04 | -40.57 | 12.26 | 42.39 | 424.44 | 339.74 | 72.73 | 31.99 | 28.28 | -39.75 | 8.46 | 7687.87 | 15.42 | -8.27 |
| 2020 (7) | 0.74 | 0 | 24.08 | 20.7 | 2.84 | 0 | 2.66 | -54.84 | 5.26 | 0 | 4.89 | 0 | 15.69 | 0 | 9.15 | 0 | 1.75 | 73.27 | 8.61 | 0 | 96.52 | 196.98 | 55.10 | -44.9 | 46.94 | 0 | 0.11 | 0 | 16.81 | -56.94 |
| 2019 (6) | -1.63 | 0 | 19.95 | 23.99 | -23.74 | 0 | 5.88 | 69.41 | -23.34 | 0 | -24.04 | 0 | -41.54 | 0 | -24.01 | 0 | 1.01 | 12.22 | -16.99 | 0 | 32.50 | -77.66 | 100.00 | -22.03 | -2.78 | 0 | 0.00 | 0 | 39.04 | -28.76 |
| 2018 (5) | -3.60 | 0 | 16.09 | -54.43 | -41.30 | 0 | 3.47 | 34.72 | -32.05 | 0 | -32.06 | 0 | -132.44 | 0 | -27.12 | 0 | 0.90 | -14.29 | -26.39 | 0 | 145.49 | -91.11 | 128.26 | 43.81 | -28.26 | 0 | 0.00 | 0 | 54.80 | 11.97 |
| 2017 (4) | -1.80 | 0 | 35.31 | -2.67 | -17.20 | 0 | 2.58 | 0.09 | -18.97 | 0 | -19.12 | 0 | -150.19 | 0 | -18.66 | 0 | 1.05 | -11.02 | -14.43 | 0 | 1636.54 | 317.2 | 89.19 | 5.91 | 8.11 | -48.65 | 0.00 | 0 | 48.94 | 16.83 |
| 2016 (3) | -0.63 | 0 | 36.28 | 29.94 | -6.91 | 0 | 2.58 | 4.72 | -8.04 | 0 | -8.04 | 0 | -46.88 | 0 | -8.24 | 0 | 1.18 | 6.31 | -4.29 | 0 | 392.27 | -1.48 | 84.21 | -8.77 | 15.79 | 207.89 | 0.00 | 0 | 41.89 | 2.8 |
| 2015 (2) | -1.48 | 0 | 27.92 | 4.22 | -14.89 | 0 | 2.46 | -10.55 | -15.86 | 0 | -15.86 | 0 | -64.84 | 0 | -16.32 | 0 | 1.11 | -3.48 | -11.89 | 0 | 398.16 | 95.74 | 92.31 | -7.69 | 5.13 | 84.62 | 0.00 | 0 | 40.75 | 12.29 |
| 2014 (1) | -1.43 | 0 | 26.79 | 0 | -12.27 | 0 | 2.75 | -3.78 | -12.46 | 0 | -12.46 | 0 | -39.25 | 0 | -13.40 | 0 | 1.15 | 2.68 | -8.59 | 0 | 203.41 | 35.39 | 100.00 | 1.54 | 2.78 | 83.33 | 0.00 | 0 | 36.29 | 4.19 |
