- 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) | -0.17 | 19.05 | 92.89 | 6.00 | -10.58 | 79.1 | -1.90 | -17.28 | 67.58 | -0.54 | -25.58 | 90.32 | -0.35 | 30.0 | 92.66 | -0.22 | 18.52 | 91.97 | 0.10 | 25.0 | 110.53 | 0.29 | 7.41 | 16.0 | 5.78 | -14.12 | 106.43 | 121.29 | 14.78 | -7.16 | 352.53 | -6.17 | 235.57 | -252.53 | 8.41 | -4898.97 | 6.75 | -7.53 | -18.28 |
| 24Q2 (19) | -0.21 | -240.0 | -158.33 | 6.71 | -21.98 | 26.6 | -1.62 | -515.38 | 38.17 | -0.43 | -130.07 | -181.13 | -0.50 | -278.57 | -190.91 | -0.27 | -292.86 | -175.0 | 0.08 | -71.43 | -80.95 | 0.27 | 8.0 | -6.9 | 6.73 | -26.77 | -15.13 | 105.67 | -0.44 | -21.06 | 375.71 | 1299.21 | 176.25 | -275.71 | -479.33 | -146.59 | 7.30 | -6.53 | 2.82 |
| 24Q1 (18) | 0.15 | 105.66 | 104.37 | 8.60 | 362.37 | 714.29 | 0.39 | 105.23 | 102.84 | 1.43 | 130.3 | 114.3 | 0.28 | 105.81 | 103.41 | 0.14 | 104.56 | 103.94 | 0.28 | 123.73 | 122.4 | 0.25 | -13.79 | 38.89 | 9.19 | 287.76 | 2864.52 | 106.14 | -5.59 | -9.17 | 26.85 | -83.02 | -80.44 | 72.69 | 225.16 | 295.0 | 7.81 | -0.38 | -24.47 |
| 23Q4 (17) | -2.65 | -10.88 | -225.0 | 1.86 | -44.48 | -79.87 | -7.46 | -27.3 | -604.05 | -4.72 | 15.41 | -284.37 | -4.82 | -1.05 | -327.36 | -3.07 | -12.04 | -248.31 | -1.18 | -24.21 | -238.82 | 0.29 | 16.0 | -17.14 | 2.37 | -15.36 | -69.34 | 112.42 | -13.95 | -33.71 | 158.18 | 50.58 | 173.08 | -58.07 | -1049.58 | -237.63 | 7.84 | -5.08 | 39.25 |
| 23Q3 (16) | -2.39 | -763.89 | -152.18 | 3.35 | -36.79 | -68.13 | -5.86 | -123.66 | -246.5 | -5.58 | -1152.83 | -213.18 | -4.77 | -967.27 | -211.45 | -2.74 | -861.11 | -158.92 | -0.95 | -326.19 | -156.89 | 0.25 | -13.79 | -32.43 | 2.80 | -64.69 | -70.09 | 130.65 | -2.4 | -33.41 | 105.05 | 121.32 | 29.63 | -5.05 | -100.85 | -126.64 | 8.26 | 16.34 | 47.5 |
| 23Q2 (15) | 0.36 | 110.5 | -85.54 | 5.30 | 478.57 | -46.03 | -2.62 | 80.92 | -194.24 | 0.53 | 105.3 | -83.99 | 0.55 | 106.7 | -80.63 | 0.36 | 110.14 | -85.99 | 0.42 | 133.6 | -55.32 | 0.29 | 61.11 | -6.45 | 7.93 | 2458.06 | -5.6 | 133.86 | 14.56 | -29.67 | -492.73 | -458.94 | -687.37 | 591.82 | 1687.75 | 3596.94 | 7.10 | -31.33 | 5.97 |
| 23Q1 (14) | -3.43 | -261.79 | -439.6 | -1.40 | -115.15 | -118.4 | -13.73 | -1027.7 | -1501.02 | -10.00 | -490.62 | -875.19 | -8.21 | -487.26 | -801.71 | -3.55 | -271.5 | -448.04 | -1.25 | -247.06 | -420.51 | 0.18 | -48.57 | -40.0 | 0.31 | -95.99 | -95.12 | 116.85 | -31.1 | -38.6 | 137.27 | 136.98 | 79.89 | -37.27 | -188.34 | -257.33 | 10.34 | 83.66 | 59.32 |
| 22Q4 (13) | 2.12 | -53.71 | -44.5 | 9.24 | -12.08 | -15.69 | 1.48 | -63.0 | -60.43 | 2.56 | -48.07 | -33.51 | 2.12 | -50.47 | -42.08 | 2.07 | -55.48 | -48.89 | 0.85 | -49.1 | -39.29 | 0.35 | -5.41 | -5.41 | 7.73 | -17.41 | 6.47 | 169.60 | -13.56 | -9.11 | 57.93 | -28.52 | -40.38 | 42.19 | 122.53 | 1388.97 | 5.63 | 0.54 | -12.71 |
| 22Q3 (12) | 4.58 | 83.94 | 3.15 | 10.51 | 7.03 | 8.57 | 4.00 | 43.88 | 6.95 | 4.93 | 48.94 | 11.54 | 4.28 | 50.7 | 3.38 | 4.65 | 80.93 | -7.19 | 1.67 | 77.66 | 1.21 | 0.37 | 19.35 | -5.13 | 9.36 | 11.43 | 18.18 | 196.21 | 3.09 | -4.89 | 81.04 | -3.4 | -4.17 | 18.96 | 18.44 | 22.82 | 5.60 | -16.42 | -2.44 |
| 22Q2 (11) | 2.49 | 146.53 | -38.37 | 9.82 | 29.04 | 9.11 | 2.78 | 183.67 | 0.72 | 3.31 | 156.59 | -7.54 | 2.84 | 142.74 | -24.87 | 2.57 | 151.96 | -46.57 | 0.94 | 141.03 | -41.98 | 0.31 | 3.33 | -26.19 | 8.40 | 32.28 | 19.66 | 190.32 | 0.0 | -11.15 | 83.89 | 9.93 | 8.99 | 16.01 | -32.43 | -30.49 | 6.70 | 3.24 | 23.62 |
| 22Q1 (10) | 1.01 | -73.56 | 50.75 | 7.61 | -30.57 | -11.51 | 0.98 | -73.8 | 172.22 | 1.29 | -66.49 | 12.17 | 1.17 | -68.03 | 30.0 | 1.02 | -74.81 | 27.5 | 0.39 | -72.14 | 34.48 | 0.30 | -18.92 | 3.45 | 6.35 | -12.53 | 2.09 | 190.32 | 1.99 | 0.67 | 76.31 | -21.47 | 143.18 | 23.69 | 736.06 | -65.47 | 6.49 | 0.62 | -15.27 |
| 21Q4 (9) | 3.82 | -13.96 | -0.78 | 10.96 | 13.22 | 19.0 | 3.74 | 0.0 | 15.08 | 3.85 | -12.9 | -7.89 | 3.66 | -11.59 | 6.71 | 4.05 | -19.16 | -13.09 | 1.40 | -15.15 | -6.04 | 0.37 | -5.13 | -13.95 | 7.26 | -8.33 | 2.83 | 186.60 | -9.55 | -14.89 | 97.17 | 14.9 | 24.85 | 2.83 | -81.64 | -87.22 | 6.45 | 12.37 | 10.45 |
| 21Q3 (8) | 4.44 | 9.9 | 241.54 | 9.68 | 7.56 | 28.38 | 3.74 | 35.51 | 1338.46 | 4.42 | 23.46 | 200.68 | 4.14 | 9.52 | 208.96 | 5.01 | 4.16 | 200.0 | 1.65 | 1.85 | 184.48 | 0.39 | -7.14 | -4.88 | 7.92 | 12.82 | 66.04 | 206.30 | -3.69 | -4.4 | 84.56 | 9.86 | 382.21 | 15.44 | -32.97 | -81.33 | 5.74 | 5.9 | -8.74 |
| 21Q2 (7) | 4.04 | 502.99 | -27.73 | 9.00 | 4.65 | -9.0 | 2.76 | 666.67 | -26.79 | 3.58 | 211.3 | -29.8 | 3.78 | 320.0 | -32.01 | 4.81 | 501.25 | -34.65 | 1.62 | 458.62 | -39.33 | 0.42 | 44.83 | -10.64 | 7.02 | 12.86 | -14.91 | 214.20 | 13.3 | 9.73 | 76.97 | 145.29 | 4.09 | 23.03 | -66.44 | -11.61 | 5.42 | -29.24 | -23.12 |
| 21Q1 (6) | 0.67 | -82.6 | 116.13 | 8.60 | -6.62 | 17.49 | 0.36 | -88.92 | 244.0 | 1.15 | -72.49 | 125.49 | 0.90 | -73.76 | 95.65 | 0.80 | -82.83 | 95.12 | 0.29 | -80.54 | 31.82 | 0.29 | -32.56 | -6.45 | 6.22 | -11.9 | 6.32 | 189.05 | -13.77 | 12.78 | 31.38 | -59.68 | 163.31 | 68.62 | 209.48 | -54.12 | 7.66 | 31.16 | -2.92 |
| 20Q4 (5) | 3.85 | 196.15 | 9.07 | 9.21 | 22.15 | -10.5 | 3.25 | 1150.0 | -10.47 | 4.18 | 184.35 | -4.35 | 3.43 | 155.97 | -2.0 | 4.66 | 179.04 | -1.27 | 1.49 | 156.9 | -8.02 | 0.43 | 4.88 | -2.27 | 7.06 | 48.01 | -15.55 | 219.25 | 1.6 | 12.99 | 77.83 | 343.8 | -6.29 | 22.17 | -73.18 | 30.84 | 5.84 | -7.15 | -21.82 |
| 20Q3 (4) | 1.30 | -76.74 | 0.0 | 7.54 | -23.76 | 0.0 | 0.26 | -93.1 | 0.0 | 1.47 | -71.18 | 0.0 | 1.34 | -75.9 | 0.0 | 1.67 | -77.31 | 0.0 | 0.58 | -78.28 | 0.0 | 0.41 | -12.77 | 0.0 | 4.77 | -42.18 | 0.0 | 215.80 | 10.55 | 0.0 | 17.54 | -76.28 | 0.0 | 82.67 | 217.31 | 0.0 | 6.29 | -10.78 | 0.0 |
| 20Q2 (3) | 5.59 | 1703.23 | 0.0 | 9.89 | 35.11 | 0.0 | 3.77 | 1608.0 | 0.0 | 5.10 | 900.0 | 0.0 | 5.56 | 1108.7 | 0.0 | 7.36 | 1695.12 | 0.0 | 2.67 | 1113.64 | 0.0 | 0.47 | 51.61 | 0.0 | 8.25 | 41.03 | 0.0 | 195.20 | 16.45 | 0.0 | 73.95 | 249.19 | 0.0 | 26.05 | -82.58 | 0.0 | 7.05 | -10.65 | 0.0 |
| 20Q1 (2) | 0.31 | -91.22 | 0.0 | 7.32 | -28.86 | 0.0 | -0.25 | -106.89 | 0.0 | 0.51 | -88.33 | 0.0 | 0.46 | -86.86 | 0.0 | 0.41 | -91.31 | 0.0 | 0.22 | -86.42 | 0.0 | 0.31 | -29.55 | 0.0 | 5.85 | -30.02 | 0.0 | 167.63 | -13.61 | 0.0 | -49.57 | -159.68 | 0.0 | 149.57 | 782.55 | 0.0 | 7.89 | 5.62 | 0.0 |
| 19Q4 (1) | 3.53 | 0.0 | 0.0 | 10.29 | 0.0 | 0.0 | 3.63 | 0.0 | 0.0 | 4.37 | 0.0 | 0.0 | 3.50 | 0.0 | 0.0 | 4.72 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 8.36 | 0.0 | 0.0 | 194.04 | 0.0 | 0.0 | 83.05 | 0.0 | 0.0 | 16.95 | 0.0 | 0.0 | 7.47 | 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) | -8.11 | 0 | 2.56 | -72.68 | -6.93 | 0 | 6.99 | 51.0 | -4.47 | 0 | -3.93 | 0 | -8.93 | 0 | -2.84 | 0 | 0.93 | -32.12 | 3.67 | -54.35 | 112.42 | -33.71 | 154.97 | 102.92 | -54.97 | 0 | 0.05 | 47.51 | 8.23 | 35.81 |
| 2022 (9) | 10.19 | -21.43 | 9.37 | -2.6 | 2.38 | -15.9 | 4.63 | 26.85 | 3.12 | -8.77 | 2.68 | -18.79 | 10.19 | -28.59 | 3.97 | -17.98 | 1.37 | -4.2 | 8.04 | 11.98 | 169.60 | -9.11 | 76.37 | -7.68 | 23.66 | 36.9 | 0.03 | 43.09 | 6.06 | -2.42 |
| 2021 (8) | 12.97 | 17.48 | 9.62 | 11.6 | 2.83 | 41.5 | 3.65 | 9.22 | 3.42 | 11.4 | 3.30 | 12.24 | 14.27 | 4.47 | 4.84 | 4.76 | 1.43 | -5.3 | 7.18 | 9.28 | 186.60 | -14.89 | 82.72 | 27.37 | 17.28 | -50.7 | 0.02 | 9.68 | 6.21 | -6.48 |
| 2020 (7) | 11.04 | 10.18 | 8.62 | -2.71 | 2.00 | -11.5 | 3.34 | -27.1 | 3.07 | 2.68 | 2.94 | 3.89 | 13.66 | 1.71 | 4.62 | 5.96 | 1.51 | 5.59 | 6.57 | -16.41 | 219.25 | 12.99 | 64.94 | -14.04 | 35.06 | 43.39 | 0.02 | -43.39 | 6.64 | 8.85 |
| 2019 (6) | 10.02 | -14.87 | 8.86 | 3.26 | 2.26 | -27.56 | 4.58 | 33.08 | 2.99 | -21.11 | 2.83 | -8.71 | 13.43 | -17.0 | 4.36 | -15.01 | 1.43 | -10.63 | 7.86 | 6.5 | 194.04 | -28.28 | 75.55 | -8.28 | 24.45 | 38.67 | 0.04 | -7.76 | 6.10 | -25.06 |
| 2018 (5) | 11.77 | -45.15 | 8.58 | -25.59 | 3.12 | -56.12 | 3.45 | 22.43 | 3.79 | -44.1 | 3.10 | -41.73 | 16.18 | -57.18 | 5.13 | -59.98 | 1.60 | -32.2 | 7.38 | -24.15 | 270.56 | 50.2 | 82.37 | -21.47 | 17.63 | 0 | 0.04 | 0 | 8.14 | 9.12 |
| 2017 (4) | 21.46 | 128.54 | 11.53 | 1.59 | 7.11 | 44.51 | 2.81 | -36.97 | 6.78 | 36.14 | 5.32 | 45.75 | 37.79 | 54.94 | 12.82 | 82.62 | 2.36 | 35.63 | 9.73 | -1.92 | 180.13 | -25.63 | 104.88 | 6.12 | -4.88 | 0 | 0.00 | 0 | 7.46 | -21.72 |
| 2016 (3) | 9.39 | 26.21 | 11.35 | 35.12 | 4.92 | 67.35 | 4.46 | 28.13 | 4.98 | 70.55 | 3.65 | 54.66 | 24.39 | 4.19 | 7.02 | 21.45 | 1.74 | -18.69 | 9.92 | 45.24 | 242.21 | -26.04 | 98.84 | -1.92 | 1.16 | 0 | 0.00 | 0 | 9.53 | 8.79 |
| 2015 (2) | 7.44 | 54.68 | 8.40 | 12.15 | 2.94 | 24.05 | 3.48 | 10.1 | 2.92 | 37.09 | 2.36 | 34.09 | 23.41 | 13.92 | 5.78 | 36.32 | 2.14 | 15.68 | 6.83 | 14.98 | 327.49 | -22.14 | 100.77 | -9.84 | -0.80 | 0 | 0.00 | 0 | 8.76 | 17.9 |
| 2014 (1) | 4.81 | -88.19 | 7.49 | 0 | 2.37 | 0 | 3.16 | 178.14 | 2.13 | 0 | 1.76 | 0 | 20.55 | 0 | 4.24 | 0 | 1.85 | -16.29 | 5.94 | 17.62 | 420.61 | -37.93 | 111.77 | 0.72 | -11.71 | 0 | 0.00 | 0 | 7.43 | -0.93 |
