- 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) | -0.11 | 62.07 | 83.08 | 37.28 | 9.39 | 19.6 | -14.02 | -1.74 | -7.6 | -6.28 | 47.84 | 76.2 | -6.28 | 47.84 | 76.2 | -0.41 | 67.72 | 92.98 | -0.40 | 64.91 | 91.07 | 0.06 | -40.0 | -64.71 | 1.79 | 142.72 | 109.46 | 4.32 | 2.61 | -83.4 | 209.09 | 81.82 | 327.69 | -118.18 | -687.88 | -331.23 | 37.42 | 11.57 | 18.27 |
| 24Q2 (19) | -0.29 | 62.34 | 47.27 | 34.08 | 4.96 | -2.57 | -13.78 | 37.76 | -26.08 | -12.04 | 68.51 | 49.31 | -12.04 | 68.51 | 49.31 | -1.27 | 84.24 | 71.07 | -1.14 | 81.46 | 67.34 | 0.10 | -37.5 | -33.33 | -4.19 | 85.55 | 73.86 | 4.21 | -87.5 | -87.35 | 115.00 | 96.61 | 150.29 | -15.00 | -136.14 | -127.75 | 33.54 | -14.0 | 2.35 |
| 24Q1 (18) | -0.77 | 13.48 | -340.62 | 32.47 | 5.46 | -11.02 | -22.14 | -128.96 | -13937.5 | -38.23 | -9.38 | -459.64 | -38.23 | -15.99 | -459.64 | -8.06 | 5.51 | -425.0 | -6.15 | 8.48 | -412.18 | 0.16 | -20.0 | -11.11 | -28.99 | -2.58 | -277.31 | 33.68 | 24.14 | 78.39 | 58.49 | 107.97 | 0 | 41.51 | -43.48 | -58.49 | 39.00 | 36.03 | 50.17 |
| 23Q4 (17) | -0.89 | -36.92 | -186.41 | 30.79 | -1.22 | -30.75 | -9.67 | 25.79 | -155.01 | -34.95 | -32.44 | -274.23 | -32.96 | -24.9 | -264.31 | -8.53 | -46.06 | -203.52 | -6.72 | -50.0 | -209.8 | 0.20 | 17.65 | -33.33 | -28.26 | -49.29 | -222.6 | 27.13 | 4.23 | -22.62 | 28.12 | -42.47 | -67.73 | 73.44 | 43.68 | 471.18 | 28.67 | -9.39 | 45.31 |
| 23Q3 (16) | -0.65 | -18.18 | -180.25 | 31.17 | -10.89 | -21.84 | -13.03 | -19.21 | -187.63 | -26.39 | -11.12 | -292.21 | -26.39 | -11.12 | -292.21 | -5.84 | -33.03 | -182.95 | -4.48 | -28.37 | -184.69 | 0.17 | 13.33 | -55.26 | -18.93 | -18.09 | -218.31 | 26.03 | -21.78 | -24.27 | 48.89 | 6.41 | -54.43 | 51.11 | -5.44 | 662.22 | 31.64 | -3.45 | 88.78 |
| 23Q2 (15) | -0.55 | -271.88 | -311.54 | 34.98 | -4.14 | -6.97 | -10.93 | -6931.25 | -265.11 | -23.75 | -323.42 | -468.22 | -23.75 | -323.42 | -468.22 | -4.39 | -277.02 | -290.87 | -3.49 | -277.16 | -293.89 | 0.15 | -16.67 | -46.43 | -16.03 | -198.04 | -261.43 | 33.28 | 76.27 | 3.07 | 45.95 | 0 | -54.05 | 54.05 | -45.95 | 0 | 32.77 | 26.18 | 44.3 |
| 23Q1 (14) | 0.32 | -68.93 | 166.67 | 36.49 | -17.93 | -9.54 | 0.16 | -99.09 | -98.77 | 10.63 | -47.01 | 274.3 | 10.63 | -47.01 | 274.3 | 2.48 | -69.9 | 136.19 | 1.97 | -67.81 | 137.35 | 0.18 | -40.0 | -35.71 | 16.35 | -29.07 | 172.95 | 18.88 | -46.15 | -25.05 | 0.00 | -100.0 | -100.0 | 100.00 | 677.78 | 127.59 | 25.97 | 31.63 | 23.49 |
| 22Q4 (13) | 1.03 | 27.16 | 41.1 | 44.46 | 11.48 | 2.4 | 17.58 | 18.22 | 1.09 | 20.06 | 46.1 | 42.67 | 20.06 | 46.1 | 36.0 | 8.24 | 17.05 | 23.54 | 6.12 | 15.69 | 25.15 | 0.30 | -21.05 | -9.09 | 23.05 | 44.06 | 38.69 | 35.06 | 2.01 | -1.57 | 87.14 | -18.77 | -29.38 | 12.86 | 241.43 | 154.94 | 19.73 | 17.72 | -0.6 |
| 22Q3 (12) | 0.81 | 211.54 | 636.36 | 39.88 | 6.06 | 12.53 | 14.87 | 124.62 | 19.44 | 13.73 | 112.87 | 474.48 | 13.73 | 112.87 | 474.48 | 7.04 | 206.09 | 557.94 | 5.29 | 193.89 | 561.25 | 0.38 | 35.71 | 15.15 | 16.00 | 61.13 | 214.96 | 34.37 | 6.44 | -8.25 | 107.27 | 7.27 | -78.0 | -9.09 | 0 | 97.73 | 16.76 | -26.2 | -4.39 |
| 22Q2 (11) | 0.26 | 116.67 | -29.73 | 37.60 | -6.79 | -1.6 | 6.62 | -49.12 | -37.19 | 6.45 | 127.11 | -29.74 | 6.45 | 127.11 | -29.74 | 2.30 | 119.05 | -37.67 | 1.80 | 116.87 | -33.33 | 0.28 | 0.0 | -3.45 | 9.93 | 65.78 | -22.24 | 32.29 | 28.19 | -11.92 | 100.00 | -78.38 | -13.79 | 0.00 | 100.0 | 100.0 | 22.71 | 7.99 | 10.35 |
| 22Q1 (10) | 0.12 | -83.56 | 140.0 | 40.34 | -7.09 | 44.43 | 13.01 | -25.19 | 190.47 | 2.84 | -79.8 | 125.87 | 2.84 | -80.75 | 125.87 | 1.05 | -84.26 | 134.65 | 0.83 | -83.03 | 139.71 | 0.28 | -15.15 | 47.37 | 5.99 | -63.96 | 201.35 | 25.19 | -29.28 | -35.13 | 462.50 | 274.78 | 242.59 | -362.50 | -1448.86 | -1108.33 | 21.03 | 5.94 | -34.12 |
| 21Q4 (9) | 0.73 | 563.64 | 417.39 | 43.42 | 22.52 | 46.94 | 17.39 | 39.68 | 405.62 | 14.06 | 488.28 | 224.42 | 14.75 | 517.15 | 297.99 | 6.67 | 523.36 | 396.44 | 4.89 | 511.25 | 419.61 | 0.33 | 0.0 | 57.14 | 16.62 | 227.17 | 364.65 | 35.62 | -4.91 | -24.08 | 123.40 | -74.69 | 136.52 | -23.40 | 94.15 | -144.86 | 19.85 | 13.23 | -22.0 |
| 21Q3 (8) | 0.11 | -70.27 | 22.22 | 35.44 | -7.25 | 23.23 | 12.45 | 18.12 | 628.07 | 2.39 | -73.97 | 1.27 | 2.39 | -73.97 | 1.27 | 1.07 | -71.0 | 27.38 | 0.80 | -70.37 | 31.15 | 0.33 | 13.79 | 32.0 | 5.08 | -60.22 | -22.56 | 37.46 | 2.18 | -10.75 | 487.50 | 320.26 | 631.25 | -400.00 | -2400.0 | -1300.0 | 17.53 | -14.82 | -10.61 |
| 21Q2 (7) | 0.37 | 223.33 | 48.0 | 38.21 | 36.81 | 21.34 | 10.54 | 173.3 | 224.88 | 9.18 | 183.61 | -2.13 | 9.18 | 183.61 | -2.13 | 3.69 | 221.78 | 50.61 | 2.70 | 229.19 | 58.82 | 0.29 | 52.63 | 61.11 | 12.77 | 316.07 | -12.11 | 36.66 | -5.59 | -19.46 | 116.00 | -14.07 | 231.47 | -16.00 | 46.67 | -108.5 | 20.58 | -35.53 | 0 |
| 21Q1 (6) | -0.30 | -30.43 | 83.52 | 27.93 | -5.48 | -10.02 | -14.38 | -152.72 | -329.25 | -10.98 | 2.83 | 81.75 | -10.98 | -47.38 | 81.75 | -3.03 | -34.67 | 81.57 | -2.09 | -36.6 | 82.0 | 0.19 | -9.52 | 0.0 | -5.91 | 5.89 | 89.66 | 38.83 | -17.24 | -18.77 | 135.00 | 158.75 | 2252.86 | -30.00 | -157.5 | -131.83 | 31.92 | 25.42 | 22.91 |
| 20Q4 (5) | -0.23 | -355.56 | 41.03 | 29.55 | 2.75 | -9.91 | -5.69 | -432.75 | -202.15 | -11.30 | -578.81 | -159.17 | -7.45 | -415.68 | 19.37 | -2.25 | -367.86 | 30.34 | -1.53 | -350.82 | 36.51 | 0.21 | -16.0 | -19.23 | -6.28 | -195.73 | -197.63 | 46.92 | 11.79 | 32.58 | 52.17 | -21.74 | 139.13 | 52.17 | 56.52 | -77.64 | 25.45 | 29.78 | 28.21 |
| 20Q3 (4) | 0.09 | -64.0 | 0.0 | 28.76 | -8.67 | 0.0 | 1.71 | 120.26 | 0.0 | 2.36 | -74.84 | 0.0 | 2.36 | -74.84 | 0.0 | 0.84 | -65.71 | 0.0 | 0.61 | -64.12 | 0.0 | 0.25 | 38.89 | 0.0 | 6.56 | -54.85 | 0.0 | 41.97 | -7.8 | 0.0 | 66.67 | 175.56 | 0.0 | 33.33 | -82.29 | 0.0 | 19.61 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | 113.74 | 0.0 | 31.49 | 1.45 | 0.0 | -8.44 | -151.94 | 0.0 | 9.38 | 115.59 | 0.0 | 9.38 | 115.59 | 0.0 | 2.45 | 114.9 | 0.0 | 1.70 | 114.64 | 0.0 | 0.18 | -5.26 | 0.0 | 14.53 | 125.43 | 0.0 | 45.52 | -4.77 | 0.0 | -88.24 | -1637.82 | 0.0 | 188.24 | 99.69 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.82 | -366.67 | 0.0 | 31.04 | -5.37 | 0.0 | -3.35 | -160.14 | 0.0 | -60.16 | -1279.82 | 0.0 | -60.16 | -551.08 | 0.0 | -16.44 | -408.98 | 0.0 | -11.61 | -381.74 | 0.0 | 0.19 | -26.92 | 0.0 | -57.14 | -2608.06 | 0.0 | 47.80 | 35.07 | 0.0 | 5.74 | 104.3 | 0.0 | 94.26 | -59.6 | 0.0 | 25.97 | 30.83 | 0.0 |
| 19Q4 (1) | -0.39 | 0.0 | 0.0 | 32.80 | 0.0 | 0.0 | 5.57 | 0.0 | 0.0 | -4.36 | 0.0 | 0.0 | -9.24 | 0.0 | 0.0 | -3.23 | 0.0 | 0.0 | -2.41 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | -2.11 | 0.0 | 0.0 | 35.39 | 0.0 | 0.0 | -133.33 | 0.0 | 0.0 | 233.33 | 0.0 | 0.0 | 19.85 | 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) | -1.77 | 0 | 33.44 | -17.88 | -7.89 | 0 | 4.04 | 192.38 | -17.29 | 0 | -16.78 | 0 | -15.42 | 0 | -11.65 | 0 | 0.70 | -40.17 | -10.45 | 0 | 27.13 | -22.62 | 45.97 | -60.6 | 54.84 | 0 | 4.73 | 602.84 | 29.48 | 49.49 |
| 2022 (9) | 2.22 | 143.96 | 40.72 | 9.32 | 13.46 | 50.56 | 1.38 | -10.04 | 11.52 | 116.54 | 11.52 | 108.7 | 18.31 | 116.17 | 13.57 | 123.56 | 1.17 | 7.34 | 14.43 | 68.18 | 35.06 | -1.57 | 116.67 | -30.47 | -16.67 | 0 | 0.67 | -73.35 | 19.72 | -7.85 |
| 2021 (8) | 0.91 | 0 | 37.25 | 23.75 | 8.94 | 0 | 1.54 | -41.92 | 5.32 | 0 | 5.52 | 0 | 8.47 | 0 | 6.07 | 0 | 1.09 | 37.97 | 8.58 | 0 | 35.62 | -24.08 | 167.80 | 611.69 | -67.80 | 0 | 2.52 | -39.54 | 21.40 | -13.71 |
| 2020 (7) | -1.71 | 0 | 30.10 | -4.93 | -3.54 | 0 | 2.64 | 8.3 | -14.78 | 0 | -13.83 | 0 | -15.46 | 0 | -10.87 | 0 | 0.79 | -18.56 | -10.46 | 0 | 46.92 | 32.58 | 23.58 | 88.62 | 76.42 | -12.66 | 4.17 | 152.58 | 24.80 | 20.8 |
| 2019 (6) | 1.94 | 0 | 31.66 | 9.25 | 1.84 | 0 | 2.44 | 206.23 | 14.66 | 0 | 13.25 | 0 | 17.65 | 0 | 12.99 | 0 | 0.97 | 3.19 | 17.29 | 0 | 35.39 | -7.33 | 12.50 | -83.4 | 87.50 | 254.17 | 1.65 | -50.52 | 20.53 | -19.96 |
| 2018 (5) | -1.03 | 0 | 28.98 | -3.98 | -7.32 | 0 | 0.80 | -13.7 | -9.70 | 0 | -9.70 | 0 | -11.94 | 0 | -9.05 | 0 | 0.94 | 3.3 | -6.61 | 0 | 38.19 | 50.47 | 75.29 | 0 | 24.71 | -97.85 | 3.34 | 0 | 25.65 | 4.01 |
| 2017 (4) | 0.04 | 0 | 30.18 | -9.1 | -4.91 | 0 | 0.92 | -28.78 | 0.46 | 0 | 0.38 | 0 | 0.45 | 0 | 0.39 | 0 | 0.91 | 4.6 | 3.81 | 0 | 25.38 | -22.15 | -1050.00 | 0 | 1150.00 | 6486.36 | 0.00 | 0 | 24.66 | -11.14 |
| 2016 (3) | -0.76 | 0 | 33.20 | -4.87 | -6.12 | 0 | 1.30 | -26.66 | -7.43 | 0 | -7.43 | 0 | -8.77 | 0 | -6.46 | 0 | 0.87 | 14.47 | -3.54 | 0 | 32.60 | -14.01 | 82.54 | -27.78 | 17.46 | 0 | 0.00 | 0 | 27.75 | -13.39 |
| 2015 (2) | -0.84 | 0 | 34.90 | -2.21 | -10.94 | 0 | 1.77 | -9.39 | -9.49 | 0 | -9.49 | 0 | -9.69 | 0 | -7.16 | 0 | 0.76 | 13.43 | -4.76 | 0 | 37.91 | 16.79 | 114.29 | 11.9 | -15.71 | 0 | 0.00 | 0 | 32.04 | -7.51 |
| 2014 (1) | -1.14 | 0 | 35.69 | 0 | -14.49 | 0 | 1.95 | 4.1 | -14.15 | 0 | -14.15 | 0 | -12.38 | 0 | -9.51 | 0 | 0.67 | 9.84 | -9.16 | 0 | 32.46 | 14.86 | 102.13 | -5.35 | -2.13 | 0 | 0.00 | 0 | 34.64 | -0.43 |
