- 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) | -0.26 | -236.84 | -165.0 | 20.01 | -8.92 | -15.64 | -4.81 | -1102.5 | -414.38 | -5.02 | -227.09 | -149.75 | -4.98 | -250.91 | -160.29 | -1.11 | -240.51 | -165.29 | -0.77 | -228.33 | -164.17 | 0.16 | -5.88 | 14.29 | 1.71 | -83.17 | -89.77 | 35.68 | -10.15 | -0.17 | 94.44 | 808.33 | 523.33 | 5.56 | -95.1 | -93.45 | 37.36 | 10.53 | 17.15 |
| 24Q2 (19) | 0.19 | -40.62 | -29.63 | 21.97 | -10.33 | -13.91 | -0.40 | -114.13 | -121.86 | 3.95 | -53.36 | -38.95 | 3.30 | -40.65 | -27.79 | 0.79 | -41.91 | -27.52 | 0.60 | -41.75 | -22.08 | 0.17 | -5.56 | 6.25 | 10.16 | -29.93 | -16.86 | 39.71 | 15.13 | -29.58 | -13.33 | -140.0 | -149.52 | 113.33 | 70.0 | 55.09 | 33.80 | -1.23 | 1.87 |
| 24Q1 (18) | 0.32 | 239.13 | -62.35 | 24.50 | 12.64 | -26.82 | 2.83 | 240.1 | -80.63 | 8.47 | 273.21 | -44.35 | 5.56 | 218.8 | -50.58 | 1.36 | 240.21 | -58.54 | 1.03 | 251.47 | -55.6 | 0.18 | 20.0 | -10.0 | 14.50 | 587.2 | -28.47 | 34.49 | -3.01 | -12.19 | 33.33 | -23.81 | -65.35 | 66.67 | 6.67 | 1655.56 | 34.22 | 14.33 | 21.61 |
| 23Q4 (17) | -0.23 | -157.5 | -143.4 | 21.75 | -8.31 | -32.18 | -2.02 | -232.03 | -114.14 | -4.89 | -148.46 | -142.41 | -4.68 | -156.66 | -167.73 | -0.97 | -157.06 | -146.63 | -0.68 | -156.67 | -147.22 | 0.15 | 7.14 | -25.0 | 2.11 | -87.38 | -87.17 | 35.56 | -0.5 | -24.96 | 43.75 | 188.75 | -65.0 | 62.50 | -26.34 | 367.86 | 29.93 | -6.15 | 0.2 |
| 23Q3 (16) | 0.40 | 48.15 | -76.74 | 23.72 | -7.05 | -33.91 | 1.53 | -16.39 | -91.75 | 10.09 | 55.95 | -59.66 | 8.26 | 80.74 | -56.62 | 1.70 | 55.96 | -75.95 | 1.20 | 55.84 | -73.97 | 0.14 | -12.5 | -41.67 | 16.72 | 36.82 | -42.46 | 35.74 | -36.62 | -26.08 | 15.15 | -43.72 | -79.53 | 84.85 | 16.11 | 226.67 | 31.89 | -3.89 | 16.22 |
| 23Q2 (15) | 0.27 | -68.24 | -84.39 | 25.52 | -23.78 | -29.66 | 1.83 | -87.47 | -91.16 | 6.47 | -57.49 | -73.81 | 4.57 | -59.38 | -75.52 | 1.09 | -66.77 | -85.17 | 0.77 | -66.81 | -83.89 | 0.16 | -20.0 | -36.0 | 12.22 | -39.71 | -57.12 | 56.39 | 43.56 | -7.42 | 26.92 | -72.01 | -67.73 | 73.08 | 1824.36 | 358.92 | 33.18 | 17.91 | 27.37 |
| 23Q1 (14) | 0.85 | 60.38 | -33.07 | 33.48 | 4.4 | 2.51 | 14.61 | 2.24 | -14.81 | 15.22 | 32.0 | -23.71 | 11.25 | 62.81 | -22.89 | 3.28 | 57.69 | -40.58 | 2.32 | 61.11 | -36.09 | 0.20 | 0.0 | -20.0 | 20.27 | 23.3 | -16.24 | 39.28 | -17.11 | -18.1 | 96.20 | -23.04 | 12.24 | 3.80 | 116.27 | -73.42 | 28.14 | -5.79 | 13.74 |
| 22Q4 (13) | 0.53 | -69.19 | -49.04 | 32.07 | -10.64 | -2.17 | 14.29 | -22.96 | -12.28 | 11.53 | -53.9 | -30.83 | 6.91 | -63.71 | -36.72 | 2.08 | -70.58 | -57.2 | 1.44 | -68.76 | -52.48 | 0.20 | -16.67 | -28.57 | 16.44 | -43.43 | -20.12 | 47.39 | -1.99 | -19.47 | 125.00 | 68.86 | 28.54 | -23.33 | -189.83 | -1371.67 | 29.87 | 8.86 | 27.32 |
| 22Q3 (12) | 1.72 | -0.58 | 60.75 | 35.89 | -1.07 | 15.92 | 18.55 | -10.39 | 6.61 | 25.01 | 1.26 | 50.12 | 19.04 | 1.98 | 65.71 | 7.07 | -3.81 | 33.65 | 4.61 | -3.56 | 39.27 | 0.24 | -4.0 | -17.24 | 29.06 | 1.96 | 39.78 | 48.35 | -20.62 | -24.29 | 74.03 | -11.28 | -28.67 | 25.97 | 63.12 | 650.65 | 27.44 | 5.34 | 25.07 |
| 22Q2 (11) | 1.73 | 36.22 | 143.66 | 36.28 | 11.08 | 37.48 | 20.70 | 20.7 | 78.91 | 24.70 | 23.81 | 122.52 | 18.67 | 27.96 | 109.3 | 7.35 | 33.15 | 100.27 | 4.78 | 31.68 | 101.69 | 0.25 | 0.0 | -3.85 | 28.50 | 17.77 | 80.95 | 60.91 | 27.0 | 3.96 | 83.44 | -2.65 | -19.21 | 15.92 | 11.46 | 423.78 | 26.05 | 5.3 | 16.55 |
| 22Q1 (10) | 1.27 | 22.12 | 323.33 | 32.66 | -0.37 | 46.26 | 17.15 | 5.28 | 225.43 | 19.95 | 19.68 | 216.67 | 14.59 | 33.61 | 211.09 | 5.52 | 13.58 | 249.37 | 3.63 | 19.8 | 239.25 | 0.25 | -10.71 | 13.64 | 24.20 | 17.59 | 95.79 | 47.96 | -18.5 | -12.19 | 85.71 | -11.86 | 4.35 | 14.29 | 678.57 | 0.0 | 24.74 | 5.46 | -12.42 |
| 21Q4 (9) | 1.04 | -2.8 | 477.78 | 32.78 | 5.88 | 70.2 | 16.29 | -6.38 | 3441.3 | 16.67 | 0.06 | 1003.97 | 10.92 | -4.96 | 262.79 | 4.86 | -8.13 | 411.58 | 3.03 | -8.46 | 373.44 | 0.28 | -3.45 | 40.0 | 20.58 | -1.01 | 150.67 | 58.85 | -7.85 | 10.77 | 97.25 | -6.29 | 191.74 | 1.83 | 138.9 | -97.25 | 23.46 | 6.93 | -8.04 |
| 21Q3 (8) | 1.07 | 50.7 | 923.08 | 30.96 | 17.32 | 78.55 | 17.40 | 50.39 | 0 | 16.66 | 50.09 | 3500.0 | 11.49 | 28.81 | 698.44 | 5.29 | 44.14 | 877.94 | 3.31 | 39.66 | 948.72 | 0.29 | 11.54 | 26.09 | 20.79 | 32.0 | 273.92 | 63.86 | 8.99 | 13.35 | 103.77 | 0.48 | 0 | -4.72 | 4.09 | -104.72 | 21.94 | -1.83 | -6.12 |
| 21Q2 (7) | 0.71 | 136.67 | 610.0 | 26.39 | 18.18 | 27.61 | 11.57 | 119.54 | 258.2 | 11.10 | 76.19 | 255.77 | 8.92 | 90.19 | 403.95 | 3.67 | 132.28 | 532.76 | 2.37 | 121.5 | 478.05 | 0.26 | 18.18 | 23.81 | 15.75 | 27.43 | 64.58 | 58.59 | 7.27 | 0.33 | 103.28 | 25.73 | 3.28 | -4.92 | -134.43 | 0 | 22.35 | -20.88 | 0 |
| 21Q1 (6) | 0.30 | 66.67 | 433.33 | 22.33 | 15.94 | 4.3 | 5.27 | 1045.65 | 290.94 | 6.30 | 317.22 | 411.88 | 4.69 | 55.81 | 328.78 | 1.58 | 66.32 | 409.8 | 1.07 | 67.19 | 496.3 | 0.22 | 10.0 | 37.5 | 12.36 | 50.55 | 77.08 | 54.62 | 2.8 | 2.57 | 82.14 | 146.43 | -45.24 | 14.29 | -78.57 | 142.86 | 28.25 | 10.74 | 0 |
| 20Q4 (5) | 0.18 | 238.46 | 148.65 | 19.26 | 11.07 | 59.31 | 0.46 | 0 | 107.68 | 1.51 | 408.16 | 122.64 | 3.01 | 256.77 | 143.0 | 0.95 | 239.71 | 146.34 | 0.64 | 264.1 | 151.61 | 0.20 | -13.04 | 5.26 | 8.21 | 47.66 | 939.24 | 53.13 | -5.7 | -2.57 | 33.33 | 0 | -63.77 | 66.67 | -33.33 | 455.56 | 25.51 | 9.16 | -1.16 |
| 20Q3 (4) | -0.13 | -230.0 | 0.0 | 17.34 | -16.15 | 0.0 | 0.00 | -100.0 | 0.0 | -0.49 | -115.71 | 0.0 | -1.92 | -208.47 | 0.0 | -0.68 | -217.24 | 0.0 | -0.39 | -195.12 | 0.0 | 0.23 | 9.52 | 0.0 | 5.56 | -41.9 | 0.0 | 56.34 | -3.53 | 0.0 | -0.00 | -100.0 | 0.0 | 100.00 | 0 | 0.0 | 23.37 | 0 | 0.0 |
| 20Q2 (3) | 0.10 | 211.11 | 0.0 | 20.68 | -3.41 | 0.0 | 3.23 | 217.03 | 0.0 | 3.12 | 254.46 | 0.0 | 1.77 | 186.34 | 0.0 | 0.58 | 213.73 | 0.0 | 0.41 | 251.85 | 0.0 | 0.21 | 31.25 | 0.0 | 9.57 | 37.11 | 0.0 | 58.40 | 9.67 | 0.0 | 100.00 | -33.33 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.09 | 75.68 | 0.0 | 21.41 | 77.09 | 0.0 | -2.76 | 53.92 | 0.0 | -2.02 | 69.72 | 0.0 | -2.05 | 70.71 | 0.0 | -0.51 | 75.12 | 0.0 | -0.27 | 78.23 | 0.0 | 0.16 | -15.79 | 0.0 | 6.98 | 783.54 | 0.0 | 53.25 | -2.35 | 0.0 | 150.00 | 63.04 | 0.0 | -33.33 | -377.78 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.37 | 0.0 | 0.0 | 12.09 | 0.0 | 0.0 | -5.99 | 0.0 | 0.0 | -6.67 | 0.0 | 0.0 | -7.00 | 0.0 | 0.0 | -2.05 | 0.0 | 0.0 | -1.24 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 54.53 | 0.0 | 0.0 | 92.00 | 0.0 | 0.0 | 12.00 | 0.0 | 0.0 | 25.81 | 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) | 1.29 | -75.43 | 26.96 | -21.49 | 5.15 | -71.12 | 5.57 | 37.44 | 7.70 | -62.77 | 5.58 | -63.17 | 5.31 | -75.9 | 3.87 | -73.37 | 0.67 | -29.47 | 13.61 | -45.36 | 35.56 | -24.96 | 66.39 | -23.09 | 32.79 | 139.78 | 0.14 | 20.21 | 30.58 | 13.55 |
| 2022 (9) | 5.25 | 68.27 | 34.34 | 19.57 | 17.83 | 33.66 | 4.05 | -8.05 | 20.68 | 55.14 | 15.15 | 61.17 | 22.03 | 44.74 | 14.53 | 47.21 | 0.95 | -8.65 | 24.91 | 39.24 | 47.39 | -19.47 | 86.33 | -13.96 | 13.67 | 0 | 0.12 | -29.82 | 26.93 | 13.68 |
| 2021 (8) | 3.12 | 5100.0 | 28.72 | 47.13 | 13.34 | 3076.19 | 4.41 | -32.18 | 13.33 | 1889.55 | 9.40 | 3257.14 | 15.22 | 4376.47 | 9.87 | 2430.77 | 1.04 | 30.0 | 17.89 | 138.22 | 58.85 | 10.77 | 100.33 | 57.66 | 0.00 | 0 | 0.17 | -74.8 | 23.69 | -12.87 |
| 2020 (7) | 0.06 | 0 | 19.52 | 16.26 | 0.42 | 0 | 6.50 | -1.37 | 0.67 | 0 | 0.28 | 0 | 0.34 | 0 | 0.39 | 0 | 0.80 | 5.26 | 7.51 | 21.13 | 53.13 | -2.57 | 63.64 | -70.45 | 36.36 | 0 | 0.66 | -18.54 | 27.19 | -6.79 |
| 2019 (6) | -0.28 | 0 | 16.79 | -10.17 | -1.85 | 0 | 6.59 | 12.82 | -0.87 | 0 | -1.34 | 0 | -1.52 | 0 | -0.79 | 0 | 0.76 | -1.3 | 6.20 | -61.27 | 54.53 | 17.65 | 215.38 | 0 | -115.38 | 0 | 0.81 | 320.86 | 29.17 | -13.9 |
| 2018 (5) | 1.60 | 1130.77 | 18.69 | -13.35 | -2.91 | 0 | 5.84 | -0.59 | 9.82 | 305.79 | 7.89 | 1132.81 | 8.72 | 1163.77 | 6.22 | 936.67 | 0.77 | 0.0 | 16.01 | 87.47 | 46.35 | 11.63 | -29.33 | 0 | 129.33 | 0 | 0.19 | 0 | 33.88 | 17.15 |
| 2017 (4) | 0.13 | -72.92 | 21.57 | 9.55 | 3.46 | 32.06 | 5.87 | -9.44 | 2.42 | -15.68 | 0.64 | -68.16 | 0.69 | -67.91 | 0.60 | -63.86 | 0.77 | -1.28 | 8.54 | -11.32 | 41.52 | 11.19 | 145.71 | 59.93 | -42.86 | 0 | 0.00 | 0 | 28.92 | -2.63 |
| 2016 (3) | 0.48 | -31.43 | 19.69 | -2.28 | 2.62 | -10.27 | 6.49 | -2.27 | 2.87 | -28.61 | 2.01 | -39.46 | 2.15 | -39.27 | 1.66 | -36.88 | 0.78 | 2.63 | 9.63 | -12.3 | 37.34 | 1.55 | 91.11 | 26.0 | 8.89 | -67.9 | 0.00 | 0 | 29.70 | 0.64 |
| 2015 (2) | 0.70 | -22.22 | 20.15 | -2.56 | 2.92 | -12.84 | 6.64 | -8.26 | 4.02 | -24.86 | 3.32 | -22.07 | 3.54 | -23.54 | 2.63 | -22.19 | 0.76 | 2.7 | 10.98 | -16.25 | 36.77 | -15.72 | 72.31 | 16.5 | 27.69 | -24.71 | 0.00 | 0 | 29.51 | 2.18 |
| 2014 (1) | 0.90 | 28.57 | 20.68 | 0 | 3.35 | 0 | 7.24 | -16.98 | 5.35 | 0 | 4.26 | 0 | 4.63 | 0 | 3.38 | 0 | 0.74 | 4.23 | 13.11 | -2.31 | 43.63 | -10.94 | 62.07 | 18.5 | 36.78 | -22.76 | 0.00 | 0 | 28.88 | 20.79 |
