- 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) | -0.49 | 10.91 | -145.37 | -2.19 | 88.36 | -111.05 | -8.58 | 64.26 | -159.87 | -10.53 | 41.6 | -149.93 | -11.11 | 31.88 | -165.86 | -3.03 | 0.66 | -151.97 | -2.51 | 2.33 | -153.29 | 0.23 | 43.75 | -17.86 | -4.49 | 54.18 | -117.3 | 13.64 | -51.01 | -21.29 | 82.14 | -37.97 | 20.28 | 17.86 | 155.06 | -43.68 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.55 | -361.9 | -170.51 | -18.81 | -1667.5 | -213.25 | -24.01 | -354.73 | -326.72 | -18.03 | -405.08 | -205.13 | -16.31 | -447.76 | -222.45 | -3.05 | -382.41 | -173.14 | -2.57 | -373.4 | -175.59 | 0.16 | -20.0 | -38.46 | -9.80 | -175.62 | -143.61 | 27.84 | 153.09 | -9.23 | 132.43 | 251.35 | 112.59 | -32.43 | -117.3 | -186.02 | 37.69 | 13.97 | 35.72 |
| 24Q1 (18) | 0.21 | 5.0 | -62.5 | 1.20 | -90.57 | -92.02 | -5.28 | -163.08 | -150.33 | 5.91 | 68.86 | -45.43 | 4.69 | 50.32 | -45.84 | 1.08 | 5.88 | -63.27 | 0.94 | 8.05 | -61.94 | 0.20 | -28.57 | -31.03 | 12.96 | 54.65 | -17.24 | 11.00 | -37.5 | -28.15 | -87.50 | -135.55 | -189.58 | 187.50 | 228.29 | 7962.5 | 33.07 | 34.0 | 39.71 |
| 23Q4 (17) | 0.20 | -81.48 | -72.6 | 12.72 | -35.82 | -38.99 | 8.37 | -41.59 | -39.78 | 3.50 | -83.4 | -69.54 | 3.12 | -81.51 | -67.09 | 1.02 | -82.5 | -74.11 | 0.87 | -81.53 | -73.64 | 0.28 | 0.0 | -20.0 | 8.38 | -67.72 | -47.0 | 17.60 | 1.56 | -22.43 | 246.15 | 260.44 | 104.5 | -146.15 | -560.95 | -617.48 | 24.68 | -6.23 | 5.07 |
| 23Q3 (16) | 1.08 | 38.46 | -12.9 | 19.82 | 19.33 | -3.13 | 14.33 | 35.32 | -4.91 | 21.09 | 22.97 | -0.66 | 16.87 | 26.65 | -0.65 | 5.83 | 39.81 | -17.42 | 4.71 | 38.53 | -20.03 | 0.28 | 7.69 | -20.0 | 25.96 | 15.53 | -0.42 | 17.33 | -43.5 | 5.54 | 68.29 | 9.63 | -3.17 | 31.71 | -15.91 | 11.56 | 26.32 | -5.22 | 10.45 |
| 23Q2 (15) | 0.78 | 39.29 | -12.36 | 16.61 | 10.51 | -6.84 | 10.59 | 0.95 | -15.01 | 17.15 | 58.36 | 4.38 | 13.32 | 53.81 | 3.9 | 4.17 | 41.84 | -20.27 | 3.40 | 37.65 | -22.02 | 0.26 | -10.34 | -23.53 | 22.47 | 43.49 | 4.95 | 30.67 | 100.33 | 30.34 | 62.30 | -36.22 | -17.72 | 37.70 | 1521.31 | 55.26 | 27.77 | 17.32 | 9.72 |
| 23Q1 (14) | 0.56 | -23.29 | -9.68 | 15.03 | -27.91 | 16.96 | 10.49 | -24.53 | 36.95 | 10.83 | -5.74 | -3.48 | 8.66 | -8.65 | -3.46 | 2.94 | -25.38 | -19.67 | 2.47 | -25.15 | -20.83 | 0.29 | -17.14 | -17.14 | 15.66 | -0.95 | -10.31 | 15.31 | -32.53 | -8.05 | 97.67 | -18.86 | 43.46 | 2.33 | 111.42 | -92.71 | 23.67 | 0.77 | 4.55 |
| 22Q4 (13) | 0.73 | -41.13 | -32.41 | 20.85 | 1.91 | 8.59 | 13.90 | -7.76 | -6.02 | 11.49 | -45.88 | -22.73 | 9.48 | -44.17 | -22.3 | 3.94 | -44.19 | -41.63 | 3.30 | -43.97 | -42.51 | 0.35 | 0.0 | -25.53 | 15.81 | -39.36 | -24.21 | 22.69 | 38.19 | 23.52 | 120.37 | 70.67 | 21.89 | -20.37 | -171.67 | 0 | 23.49 | -1.43 | 20.21 |
| 22Q3 (12) | 1.24 | 39.33 | 287.5 | 20.46 | 14.75 | 112.02 | 15.07 | 20.95 | 160.73 | 21.23 | 29.21 | 229.15 | 16.98 | 32.45 | 255.97 | 7.06 | 34.99 | 251.24 | 5.89 | 35.09 | 240.46 | 0.35 | 2.94 | -2.78 | 26.07 | 21.77 | 76.39 | 16.42 | -30.22 | -5.63 | 70.53 | -6.85 | -20.27 | 28.42 | 17.03 | 146.32 | 23.83 | -5.85 | 10.02 |
| 22Q2 (11) | 0.89 | 43.55 | 1212.5 | 17.83 | 38.75 | 307.08 | 12.46 | 62.66 | 6822.22 | 16.43 | 46.43 | 1133.33 | 12.82 | 42.92 | 1109.45 | 5.23 | 42.9 | 1146.0 | 4.36 | 39.74 | 1163.41 | 0.34 | -2.86 | 3.03 | 21.41 | 22.62 | 234.01 | 23.53 | 41.32 | 47.52 | 75.71 | 11.21 | 554.29 | 24.29 | -23.9 | -79.18 | 25.31 | 11.79 | 9.42 |
| 22Q1 (10) | 0.62 | -42.59 | 87.88 | 12.85 | -33.07 | 27.99 | 7.66 | -48.21 | 32.99 | 11.22 | -24.55 | 128.98 | 8.97 | -26.48 | 128.83 | 3.66 | -45.78 | 81.19 | 3.12 | -45.64 | 108.0 | 0.35 | -25.53 | -5.41 | 17.46 | -16.3 | 58.44 | 16.65 | -9.36 | -17.21 | 68.09 | -31.05 | -41.31 | 31.91 | 0 | 299.47 | 22.64 | 15.86 | 20.3 |
| 21Q4 (9) | 1.08 | 237.5 | 300.0 | 19.20 | 98.96 | 59.6 | 14.79 | 155.88 | 107.72 | 14.87 | 130.54 | 282.26 | 12.20 | 155.77 | 292.28 | 6.75 | 235.82 | 294.74 | 5.74 | 231.79 | 403.51 | 0.47 | 30.56 | 34.29 | 20.86 | 41.14 | 105.92 | 18.37 | 5.57 | -68.4 | 98.75 | 11.63 | -45.43 | 0.00 | -100.0 | 100.0 | 19.54 | -9.79 | -2.3 |
| 21Q3 (8) | 0.32 | 500.0 | -54.29 | 9.65 | 120.32 | -46.12 | 5.78 | 3111.11 | -57.22 | 6.45 | 505.66 | -42.26 | 4.77 | 475.59 | -46.58 | 2.01 | 502.0 | -55.33 | 1.73 | 521.95 | -43.09 | 0.36 | 9.09 | 5.88 | 14.78 | 130.58 | -18.52 | 17.40 | 9.09 | -68.44 | 88.46 | 630.77 | -26.74 | 11.54 | -90.11 | 155.59 | 21.66 | -6.36 | 4.29 |
| 21Q2 (7) | -0.08 | -124.24 | -200.0 | 4.38 | -56.37 | -52.7 | 0.18 | -96.88 | -95.71 | -1.59 | -132.45 | -195.21 | -1.27 | -132.4 | -194.78 | -0.50 | -124.75 | -202.04 | -0.41 | -127.33 | -213.89 | 0.33 | -10.81 | 22.22 | 6.41 | -41.83 | -39.76 | 15.95 | -20.69 | -64.24 | -16.67 | -114.37 | -106.67 | 116.67 | 829.17 | 177.78 | 23.13 | 22.9 | -5.75 |
| 21Q1 (6) | 0.33 | 22.22 | -64.13 | 10.04 | -16.54 | -42.17 | 5.76 | -19.1 | -50.3 | 4.90 | 25.96 | -63.1 | 3.92 | 26.05 | -63.09 | 2.02 | 18.13 | -63.27 | 1.50 | 31.58 | -64.62 | 0.37 | 5.71 | -7.5 | 11.02 | 8.79 | -42.6 | 20.11 | -65.41 | -32.4 | 116.00 | -35.89 | 33.11 | -16.00 | 80.24 | -224.44 | 18.82 | -5.9 | -10.72 |
| 20Q4 (5) | 0.27 | -61.43 | -25.0 | 12.03 | -32.83 | -33.68 | 7.12 | -47.3 | -35.04 | 3.89 | -65.17 | -49.35 | 3.11 | -65.17 | -44.96 | 1.71 | -62.0 | -22.97 | 1.14 | -62.5 | -35.23 | 0.35 | 2.94 | 12.9 | 10.13 | -44.16 | -34.98 | 58.14 | 5.44 | 86.53 | 180.95 | 49.85 | 29.25 | -80.95 | -290.04 | -86.81 | 20.00 | -3.71 | -32.0 |
| 20Q3 (4) | 0.70 | 775.0 | 0.0 | 17.91 | 93.41 | 0.0 | 13.51 | 221.67 | 0.0 | 11.17 | 568.86 | 0.0 | 8.93 | 566.42 | 0.0 | 4.50 | 818.37 | 0.0 | 3.04 | 744.44 | 0.0 | 0.34 | 25.93 | 0.0 | 18.14 | 70.49 | 0.0 | 55.14 | 23.63 | 0.0 | 120.75 | -51.7 | 0.0 | -20.75 | 86.16 | 0.0 | 20.77 | -15.36 | 0.0 |
| 20Q2 (3) | 0.08 | -91.3 | 0.0 | 9.26 | -46.66 | 0.0 | 4.20 | -63.76 | 0.0 | 1.67 | -87.42 | 0.0 | 1.34 | -87.38 | 0.0 | 0.49 | -91.09 | 0.0 | 0.36 | -91.51 | 0.0 | 0.27 | -32.5 | 0.0 | 10.64 | -44.58 | 0.0 | 44.60 | 49.92 | 0.0 | 250.00 | 186.89 | 0.0 | -150.00 | -1266.67 | 0.0 | 24.54 | 16.41 | 0.0 |
| 20Q1 (2) | 0.92 | 155.56 | 0.0 | 17.36 | -4.3 | 0.0 | 11.59 | 5.75 | 0.0 | 13.28 | 72.92 | 0.0 | 10.62 | 87.96 | 0.0 | 5.50 | 147.75 | 0.0 | 4.24 | 140.91 | 0.0 | 0.40 | 29.03 | 0.0 | 19.20 | 23.23 | 0.0 | 29.75 | -4.56 | 0.0 | 87.14 | -37.76 | 0.0 | 12.86 | 129.67 | 0.0 | 21.08 | -28.32 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 18.14 | 0.0 | 0.0 | 10.96 | 0.0 | 0.0 | 7.68 | 0.0 | 0.0 | 5.65 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 15.58 | 0.0 | 0.0 | 31.17 | 0.0 | 0.0 | 140.00 | 0.0 | 0.0 | -43.33 | 0.0 | 0.0 | 29.41 | 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) | 2.61 | -25.0 | 16.04 | -11.48 | 10.96 | -11.33 | 4.79 | -4.35 | 13.09 | -13.25 | 10.46 | -13.34 | 13.74 | -30.22 | 11.45 | -29.93 | 1.09 | -19.26 | 18.06 | -10.68 | 17.60 | -22.43 | 83.92 | 2.48 | 16.08 | -11.22 | 0.22 | -23.09 | 25.56 | 7.3 |
| 2022 (9) | 3.48 | 112.2 | 18.12 | 58.53 | 12.36 | 71.43 | 5.01 | -25.56 | 15.09 | 122.57 | 12.07 | 122.69 | 19.69 | 95.53 | 16.34 | 121.71 | 1.35 | 0.0 | 20.22 | 47.16 | 22.69 | 23.52 | 81.89 | -23.04 | 18.11 | 0 | 0.28 | 12.51 | 23.82 | 15.8 |
| 2021 (8) | 1.64 | -16.33 | 11.43 | -20.95 | 7.21 | -23.38 | 6.73 | 4.29 | 6.78 | -14.29 | 5.42 | -14.38 | 10.07 | -17.12 | 7.37 | -13.6 | 1.35 | 1.5 | 13.74 | -6.59 | 18.37 | -68.4 | 106.40 | -10.93 | -6.40 | 0 | 0.25 | 95.29 | 20.57 | -3.65 |
| 2020 (7) | 1.96 | -17.3 | 14.46 | -22.26 | 9.41 | -22.74 | 6.46 | -10.03 | 7.91 | -32.68 | 6.33 | -31.64 | 12.15 | -22.51 | 8.53 | -31.49 | 1.33 | -0.75 | 14.71 | -23.47 | 58.14 | 86.53 | 119.46 | 15.06 | -18.79 | 0 | 0.13 | -76.06 | 21.35 | -14.46 |
| 2019 (6) | 2.37 | 347.17 | 18.60 | 242.54 | 12.18 | 941.03 | 7.17 | 69.91 | 11.75 | 404.29 | 9.26 | 384.82 | 15.68 | 312.63 | 12.45 | 313.62 | 1.34 | -10.07 | 19.22 | 182.65 | 31.17 | 48.08 | 103.83 | 107.65 | -3.83 | 0 | 0.54 | 39.65 | 24.96 | 53.6 |
| 2018 (5) | 0.53 | 29.27 | 5.43 | -18.22 | 1.17 | -50.0 | 4.22 | -2.09 | 2.33 | 53.29 | 1.91 | 33.57 | 3.80 | 31.94 | 3.01 | 31.44 | 1.49 | 3.47 | 6.80 | 10.57 | 21.05 | -55.56 | 50.00 | -68.29 | 50.00 | 0 | 0.39 | 0 | 16.25 | 11.23 |
| 2017 (4) | 0.41 | -65.83 | 6.64 | -51.14 | 2.34 | -64.22 | 4.31 | -21.84 | 1.52 | -76.21 | 1.43 | -72.76 | 2.88 | -63.5 | 2.29 | -64.39 | 1.44 | 21.01 | 6.15 | -49.75 | 47.37 | 45.35 | 157.69 | 52.25 | -53.85 | 0 | 0.00 | 0 | 14.61 | -28.7 |
| 2016 (3) | 1.20 | -28.14 | 13.59 | 45.82 | 6.54 | 46.31 | 5.52 | 94.67 | 6.39 | 10.94 | 5.25 | 9.15 | 7.89 | -27.35 | 6.43 | -27.75 | 1.19 | -34.62 | 12.24 | 39.89 | 32.59 | 69.04 | 103.57 | 33.49 | -2.38 | 0 | 0.00 | 0 | 20.49 | 57.25 |
| 2015 (2) | 1.67 | -5.65 | 9.32 | 44.27 | 4.47 | 39.25 | 2.83 | 44.17 | 5.76 | 39.81 | 4.81 | 41.06 | 10.86 | -1.27 | 8.90 | 1.6 | 1.82 | -27.2 | 8.75 | 40.45 | 19.28 | -34.0 | 77.59 | 0.22 | 22.41 | 2.94 | 0.00 | 0 | 13.03 | 54.57 |
| 2014 (1) | 1.77 | -51.64 | 6.46 | 0 | 3.21 | 0 | 1.97 | 41.1 | 4.12 | 0 | 3.41 | 0 | 11.00 | 0 | 8.76 | 0 | 2.50 | -11.03 | 6.23 | -30.31 | 29.21 | 3.11 | 77.42 | -13.41 | 21.77 | 105.65 | 0.00 | 0 | 8.43 | 17.08 |
