- 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) | 0.18 | 125.0 | -70.0 | 26.03 | 8.5 | -10.55 | 0.49 | 106.27 | -88.28 | 0.78 | 116.15 | -90.53 | 0.53 | 82.76 | -91.88 | 0.25 | 150.0 | -90.81 | 0.26 | 36.84 | -80.15 | 0.23 | 27.78 | 27.78 | 4.86 | 710.0 | -62.0 | 105.80 | -0.84 | -13.43 | 58.33 | -64.1 | 13.7 | 33.33 | 153.33 | -32.75 | 21.28 | -21.39 | -4.36 |
| 24Q2 (19) | 0.08 | 157.14 | -11.11 | 23.99 | 9.54 | -10.69 | -7.82 | -0.51 | -309.65 | -4.83 | -187.5 | -322.58 | 0.29 | 116.02 | -82.21 | 0.10 | 115.87 | -85.29 | 0.19 | 211.76 | -53.66 | 0.18 | 5.88 | 0.0 | 0.60 | -84.13 | -90.78 | 106.70 | 12.01 | -20.13 | 162.50 | -64.29 | -3.7 | -62.50 | 82.39 | 13.04 | 27.07 | -7.29 | 22.49 |
| 24Q1 (18) | -0.14 | 58.82 | -115.22 | 21.90 | -9.35 | -28.71 | -7.78 | -60.74 | -176.35 | -1.68 | 75.4 | -115.3 | -1.81 | 65.52 | -121.45 | -0.63 | 67.36 | -116.2 | -0.17 | 77.92 | -109.55 | 0.17 | 0.0 | -15.0 | 3.78 | 323.67 | -74.63 | 95.26 | -13.34 | -20.93 | 455.00 | 544.58 | 389.79 | -355.00 | -1307.0 | -5097.31 | 29.20 | -28.45 | 46.88 |
| 23Q4 (17) | -0.34 | -156.67 | -180.95 | 24.16 | -16.98 | -8.42 | -4.84 | -215.79 | -194.53 | -6.83 | -182.89 | -331.53 | -5.25 | -180.4 | -306.69 | -1.93 | -170.96 | -224.52 | -0.77 | -158.78 | -205.48 | 0.17 | -5.56 | -29.17 | -1.69 | -113.21 | -129.34 | 109.92 | -10.06 | -26.75 | 70.59 | 37.59 | -59.2 | 29.41 | -40.66 | 140.28 | 40.81 | 83.42 | 166.38 |
| 23Q3 (16) | 0.60 | 566.67 | -86.98 | 29.10 | 8.34 | 13.23 | 4.18 | 12.06 | -13.28 | 8.24 | 279.72 | -83.43 | 6.53 | 300.61 | -79.8 | 2.72 | 300.0 | -86.97 | 1.31 | 219.51 | -83.56 | 0.18 | 0.0 | -25.0 | 12.79 | 96.47 | -75.78 | 122.22 | -8.51 | -19.5 | 51.30 | -69.6 | 432.22 | 49.57 | 168.96 | -45.15 | 22.25 | 0.68 | 10.7 |
| 23Q2 (15) | 0.09 | -90.22 | -87.14 | 26.86 | -12.57 | 11.45 | 3.73 | -63.4 | -37.21 | 2.17 | -80.24 | -68.64 | 1.63 | -80.69 | -71.0 | 0.68 | -82.52 | -82.06 | 0.41 | -76.97 | -72.11 | 0.18 | -10.0 | -25.0 | 6.51 | -56.31 | -38.06 | 133.59 | 10.88 | -26.67 | 168.75 | 81.65 | 97.35 | -71.88 | -1111.78 | -622.04 | 22.10 | 11.17 | 25.07 |
| 23Q1 (14) | 0.92 | 119.05 | 39.39 | 30.72 | 16.45 | 21.33 | 10.19 | 99.02 | 112.29 | 10.98 | 272.2 | 50.62 | 8.44 | 232.28 | 50.45 | 3.89 | 150.97 | 16.47 | 1.78 | 143.84 | 36.92 | 0.20 | -16.67 | -4.76 | 14.90 | 158.68 | 30.47 | 120.48 | -19.72 | -31.03 | 92.90 | -46.31 | 41.02 | 7.10 | 109.73 | -79.18 | 19.88 | 29.77 | 2.63 |
| 22Q4 (13) | 0.42 | -90.89 | -30.0 | 26.38 | 2.65 | 14.2 | 5.12 | 6.22 | 18.24 | 2.95 | -94.07 | -40.76 | 2.54 | -92.14 | -44.9 | 1.55 | -92.58 | -55.59 | 0.73 | -90.84 | -45.93 | 0.24 | 0.0 | -11.11 | 5.76 | -89.09 | -31.18 | 150.07 | -1.15 | -17.26 | 173.02 | 1694.82 | 99.63 | -73.02 | -180.81 | -647.62 | 15.32 | -23.78 | -9.3 |
| 22Q3 (12) | 4.61 | 558.57 | 723.21 | 25.70 | 6.64 | 4.68 | 4.82 | -18.86 | -18.58 | 49.72 | 618.5 | 686.71 | 32.32 | 475.09 | 522.74 | 20.88 | 450.92 | 508.75 | 7.97 | 442.18 | 477.54 | 0.24 | 0.0 | -4.0 | 52.81 | 402.47 | 408.28 | 151.82 | -16.66 | -13.29 | 9.64 | -88.73 | -89.74 | 90.36 | 556.3 | 1384.49 | 20.10 | 13.75 | 16.86 |
| 22Q2 (11) | 0.70 | 6.06 | 677.78 | 24.10 | -4.82 | 7.78 | 5.94 | 23.75 | 525.26 | 6.92 | -5.08 | 436.43 | 5.62 | 0.18 | 260.26 | 3.79 | 13.47 | 340.7 | 1.47 | 13.08 | 226.67 | 0.24 | 14.29 | 4.35 | 10.51 | -7.97 | 72.3 | 182.18 | 4.29 | 13.47 | 85.51 | 29.81 | 14.01 | 13.77 | -59.66 | -44.93 | 17.67 | -8.78 | -9.34 |
| 22Q1 (10) | 0.66 | 10.0 | 375.0 | 25.32 | 9.61 | 15.93 | 4.80 | 10.85 | 271.43 | 7.29 | 46.39 | 383.66 | 5.61 | 21.69 | 309.33 | 3.34 | -4.3 | 360.94 | 1.30 | -3.7 | 376.6 | 0.21 | -22.22 | 0.0 | 11.42 | 36.44 | 280.67 | 174.68 | -3.69 | 37.42 | 65.87 | -23.99 | -39.47 | 34.13 | 155.95 | 486.77 | 19.37 | 14.68 | -13.26 |
| 21Q4 (9) | 0.60 | 7.14 | 42.86 | 23.10 | -5.91 | -5.64 | 4.33 | -26.86 | 5.1 | 4.98 | -21.2 | -3.49 | 4.61 | -11.18 | -0.65 | 3.49 | 1.75 | 13.31 | 1.35 | -2.17 | -2.88 | 0.27 | 8.0 | -3.57 | 8.37 | -19.44 | -9.42 | 181.37 | 3.59 | 38.38 | 86.67 | -7.72 | 8.33 | 13.33 | 119.05 | -33.33 | 16.89 | -1.8 | -3.43 |
| 21Q3 (8) | 0.56 | 522.22 | 100.0 | 24.55 | 9.79 | -1.25 | 5.92 | 523.16 | 84.42 | 6.32 | 389.92 | 90.36 | 5.19 | 232.69 | 101.95 | 3.43 | 298.84 | 115.72 | 1.38 | 206.67 | 89.04 | 0.25 | 8.7 | 0.0 | 10.39 | 70.33 | 34.94 | 175.09 | 9.05 | 23.29 | 93.91 | 25.22 | -2.54 | 6.09 | -75.65 | 67.39 | 17.20 | -11.75 | -8.99 |
| 21Q2 (7) | 0.09 | 137.5 | -62.5 | 22.36 | 2.38 | -6.99 | 0.95 | 133.93 | -71.81 | 1.29 | 150.19 | -41.1 | 1.56 | 158.21 | -42.22 | 0.86 | 167.19 | -47.88 | 0.45 | 195.74 | -41.56 | 0.23 | 9.52 | -8.0 | 6.10 | 103.33 | -8.68 | 160.56 | 26.32 | 10.67 | 75.00 | -31.08 | -51.79 | 25.00 | 383.33 | 145.0 | 19.49 | -12.72 | 0 |
| 21Q1 (6) | -0.24 | -157.14 | -300.0 | 21.84 | -10.78 | -6.02 | -2.80 | -167.96 | -283.01 | -2.57 | -149.81 | -269.08 | -2.68 | -157.76 | -426.83 | -1.28 | -141.56 | -378.26 | -0.47 | -133.81 | -267.86 | 0.21 | -25.0 | -8.7 | 3.00 | -67.53 | -53.92 | 127.11 | -3.02 | -9.38 | 108.82 | 36.03 | 4.29 | -8.82 | -144.12 | 0 | 22.33 | 27.67 | 0 |
| 20Q4 (5) | 0.42 | 50.0 | -8.7 | 24.48 | -1.53 | -4.75 | 4.12 | 28.35 | -30.17 | 5.16 | 55.42 | 23.44 | 4.64 | 80.54 | 42.77 | 3.08 | 93.71 | 21.26 | 1.39 | 90.41 | 25.23 | 0.28 | 12.0 | -9.68 | 9.24 | 20.0 | 13.24 | 131.07 | -7.71 | -14.85 | 80.00 | -16.98 | -43.23 | 20.00 | 450.0 | 148.89 | 17.49 | -7.46 | 7.96 |
| 20Q3 (4) | 0.28 | 16.67 | 0.0 | 24.86 | 3.41 | 0.0 | 3.21 | -4.75 | 0.0 | 3.32 | 51.6 | 0.0 | 2.57 | -4.81 | 0.0 | 1.59 | -3.64 | 0.0 | 0.73 | -5.19 | 0.0 | 0.25 | 0.0 | 0.0 | 7.70 | 15.27 | 0.0 | 142.02 | -2.11 | 0.0 | 96.36 | -38.05 | 0.0 | 3.64 | 106.55 | 0.0 | 18.90 | 0 | 0.0 |
| 20Q2 (3) | 0.24 | 100.0 | 0.0 | 24.04 | 3.44 | 0.0 | 3.37 | 120.26 | 0.0 | 2.19 | 44.08 | 0.0 | 2.70 | 229.27 | 0.0 | 1.65 | 258.7 | 0.0 | 0.77 | 175.0 | 0.0 | 0.25 | 8.7 | 0.0 | 6.68 | 2.61 | 0.0 | 145.08 | 3.43 | 0.0 | 155.56 | 49.07 | 0.0 | -55.56 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.12 | -73.91 | 0.0 | 23.24 | -9.57 | 0.0 | 1.53 | -74.07 | 0.0 | 1.52 | -63.64 | 0.0 | 0.82 | -74.77 | 0.0 | 0.46 | -81.89 | 0.0 | 0.28 | -74.77 | 0.0 | 0.23 | -25.81 | 0.0 | 6.51 | -20.22 | 0.0 | 140.27 | -8.87 | 0.0 | 104.35 | -25.95 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.46 | 0.0 | 0.0 | 25.70 | 0.0 | 0.0 | 5.90 | 0.0 | 0.0 | 4.18 | 0.0 | 0.0 | 3.25 | 0.0 | 0.0 | 2.54 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 8.16 | 0.0 | 0.0 | 153.93 | 0.0 | 0.0 | 140.91 | 0.0 | 0.0 | -40.91 | 0.0 | 0.0 | 16.20 | 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) | 1.27 | -80.13 | 27.94 | 10.0 | 3.86 | -25.48 | 3.09 | 32.83 | 4.25 | -75.15 | 3.30 | -71.91 | 5.56 | -80.96 | 2.88 | -74.93 | 0.73 | -22.34 | 8.69 | -57.53 | 109.92 | -26.75 | 90.61 | 199.02 | 9.39 | -86.54 | 0.73 | 17.9 | 25.52 | 41.46 |
| 2022 (9) | 6.39 | 539.0 | 25.40 | 10.05 | 5.18 | 99.23 | 2.32 | -27.04 | 17.10 | 464.36 | 11.75 | 343.4 | 29.20 | 359.84 | 11.49 | 301.75 | 0.94 | 0.0 | 20.46 | 179.13 | 150.07 | -17.26 | 30.30 | -64.7 | 69.77 | 393.21 | 0.62 | -31.98 | 18.04 | -3.17 |
| 2021 (8) | 1.00 | -5.66 | 23.08 | -4.55 | 2.60 | -16.4 | 3.19 | -7.18 | 3.03 | -3.19 | 2.65 | -4.33 | 6.35 | -5.08 | 2.86 | -8.04 | 0.94 | -6.0 | 7.33 | -3.43 | 181.37 | 38.38 | 85.85 | -13.74 | 14.15 | 2870.73 | 0.91 | -24.78 | 18.63 | 2.08 |
| 2020 (7) | 1.06 | -34.16 | 24.18 | -3.05 | 3.11 | -26.3 | 3.43 | 12.01 | 3.13 | -21.55 | 2.77 | -6.1 | 6.69 | -17.71 | 3.11 | -13.61 | 1.00 | -7.41 | 7.59 | -5.48 | 131.07 | -14.85 | 99.52 | -5.71 | 0.48 | 0 | 1.22 | 31.81 | 18.25 | 4.52 |
| 2019 (6) | 1.61 | 33.06 | 24.94 | 14.61 | 4.22 | 441.03 | 3.06 | 167.61 | 3.99 | 36.64 | 2.95 | 23.43 | 8.13 | 25.08 | 3.60 | 20.4 | 1.08 | -4.42 | 8.03 | 68.7 | 153.93 | 0.07 | 105.56 | 293.8 | -5.90 | 0 | 0.92 | -2.2 | 17.46 | 10.37 |
| 2018 (5) | 1.21 | 22.22 | 21.76 | -5.1 | 0.78 | -63.21 | 1.14 | -4.13 | 2.92 | 2.46 | 2.39 | 8.14 | 6.50 | 11.11 | 2.99 | 1.01 | 1.13 | -5.04 | 4.76 | 0.63 | 153.83 | 19.98 | 26.80 | -63.86 | 73.20 | 183.44 | 0.94 | 0 | 15.82 | 2.39 |
| 2017 (4) | 0.99 | -38.51 | 22.93 | -9.9 | 2.12 | -60.15 | 1.19 | -11.07 | 2.85 | -37.09 | 2.21 | -39.45 | 5.85 | -36.96 | 2.96 | -38.59 | 1.19 | -4.03 | 4.73 | -27.23 | 128.21 | 11.16 | 74.18 | -36.78 | 25.82 | 0 | 0.00 | 0 | 15.45 | 3.21 |
| 2016 (3) | 1.61 | 15.0 | 25.45 | -0.74 | 5.32 | 12.0 | 1.34 | -10.88 | 4.53 | -4.83 | 3.65 | 3.4 | 9.28 | 14.85 | 4.82 | 6.4 | 1.24 | 4.2 | 6.50 | -6.34 | 115.34 | 22.9 | 117.33 | 17.78 | -17.33 | 0 | 0.00 | 0 | 14.97 | -4.28 |
| 2015 (2) | 1.40 | -60.67 | 25.64 | 0.83 | 4.75 | -15.78 | 1.51 | 1.45 | 4.76 | -55.05 | 3.53 | -60.99 | 8.08 | -63.73 | 4.53 | -61.41 | 1.19 | -5.56 | 6.94 | -45.44 | 93.85 | 4.72 | 99.62 | 86.78 | 0.38 | -99.18 | 0.00 | 0 | 15.64 | 6.68 |
| 2014 (1) | 3.56 | 157.97 | 25.43 | 0 | 5.64 | 0 | 1.49 | -16.26 | 10.59 | 0 | 9.05 | 0 | 22.28 | 0 | 11.74 | 0 | 1.26 | 4.13 | 12.72 | 62.87 | 89.62 | -13.08 | 53.33 | -27.71 | 46.67 | 77.97 | 0.00 | 0 | 14.66 | -7.33 |
