- 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) | 0.91 | -44.51 | -36.81 | 17.91 | -3.35 | -1.59 | 8.73 | -20.35 | 3.68 | 7.82 | -34.89 | -35.53 | 6.30 | -35.71 | -35.45 | 2.41 | -45.35 | -36.91 | 1.45 | -42.23 | -42.46 | 0.22 | -12.0 | -12.0 | 9.86 | -29.12 | -30.95 | 64.16 | -21.42 | 41.6 | 111.49 | 22.0 | 60.58 | -11.49 | -228.57 | -137.6 | 14.68 | 22.03 | 5.23 |
| 24Q2 (19) | 1.64 | 67.35 | -12.3 | 18.53 | 13.82 | -7.9 | 10.96 | 193.83 | 4.58 | 12.01 | -4.15 | -13.47 | 9.80 | 1.03 | -4.85 | 4.41 | 66.42 | -8.12 | 2.51 | 44.25 | -13.75 | 0.25 | 47.06 | -10.71 | 13.91 | -11.68 | -12.18 | 81.65 | 2.64 | 22.4 | 91.39 | 208.44 | 20.68 | 8.94 | -87.3 | -63.6 | 12.03 | -34.66 | -4.37 |
| 24Q1 (18) | 0.98 | 880.0 | 84.91 | 16.28 | 11.05 | -3.95 | 3.73 | 52.24 | -46.79 | 12.53 | 935.54 | 77.98 | 9.70 | 781.82 | 77.98 | 2.65 | 919.23 | 48.88 | 1.74 | 656.52 | 50.0 | 0.17 | 6.25 | -15.0 | 15.75 | 232.28 | 61.7 | 79.55 | 87.4 | 13.3 | 29.63 | -85.19 | -70.13 | 70.37 | 170.37 | 8555.56 | 18.41 | 13.22 | 11.98 |
| 23Q4 (17) | 0.10 | -93.06 | -87.8 | 14.66 | -19.45 | -18.6 | 2.45 | -70.9 | -69.49 | 1.21 | -90.02 | -80.88 | 1.10 | -88.73 | -78.35 | 0.26 | -93.19 | -86.87 | 0.23 | -90.87 | -82.17 | 0.16 | -36.0 | -33.33 | 4.74 | -66.81 | -45.45 | 42.45 | -6.31 | -21.01 | 200.00 | 188.04 | 57.23 | -100.00 | -427.16 | -267.57 | 16.26 | 16.56 | 16.89 |
| 23Q3 (16) | 1.44 | -22.99 | -48.2 | 18.20 | -9.54 | 1.34 | 8.42 | -19.66 | -22.89 | 12.13 | -12.61 | -14.58 | 9.76 | -5.24 | -14.98 | 3.82 | -20.42 | -45.66 | 2.52 | -13.4 | -39.57 | 0.25 | -10.71 | -30.56 | 14.28 | -9.85 | -9.96 | 45.31 | -32.08 | -29.74 | 69.43 | -8.31 | -9.8 | 30.57 | 24.45 | 32.74 | 13.95 | 10.89 | 21.83 |
| 23Q2 (15) | 1.87 | 252.83 | -1.06 | 20.12 | 18.7 | 9.83 | 10.48 | 49.5 | -5.5 | 13.88 | 97.16 | 7.35 | 10.30 | 88.99 | -0.87 | 4.80 | 169.66 | -16.81 | 2.91 | 150.86 | -13.39 | 0.28 | 40.0 | -12.5 | 15.84 | 62.63 | 8.12 | 66.71 | -4.99 | -13.83 | 75.73 | -23.65 | -11.73 | 24.56 | 2921.05 | 72.87 | 12.58 | -23.48 | 13.54 |
| 23Q1 (14) | 0.53 | -35.37 | -52.25 | 16.95 | -5.89 | 27.64 | 7.01 | -12.7 | 27.45 | 7.04 | 11.22 | -14.04 | 5.45 | 7.28 | -20.9 | 1.78 | -10.1 | -37.76 | 1.16 | -10.08 | -32.95 | 0.20 | -16.67 | -20.0 | 9.74 | 12.08 | -7.85 | 70.21 | 30.65 | -1.61 | 99.19 | -22.03 | 47.93 | 0.81 | 102.99 | -97.53 | 16.44 | 18.19 | 27.44 |
| 22Q4 (13) | 0.82 | -70.5 | -55.91 | 18.01 | 0.28 | 107.97 | 8.03 | -26.47 | 2158.97 | 6.33 | -55.42 | -53.86 | 5.08 | -55.75 | -54.56 | 1.98 | -71.83 | -60.24 | 1.29 | -69.06 | -55.67 | 0.24 | -33.33 | -7.69 | 8.69 | -45.21 | -46.65 | 53.74 | -16.67 | -19.16 | 127.21 | 65.26 | 4326.06 | -27.21 | -218.15 | -126.5 | 13.91 | 21.48 | 4.04 |
| 22Q3 (12) | 2.78 | 47.09 | 1169.23 | 17.96 | -1.97 | 50.29 | 10.92 | -1.53 | 490.27 | 14.20 | 9.82 | 1320.0 | 11.48 | 10.49 | 1666.15 | 7.03 | 21.84 | 2956.52 | 4.17 | 24.11 | 2352.94 | 0.36 | 12.5 | 71.43 | 15.86 | 8.26 | 345.51 | 64.49 | -16.7 | -21.92 | 76.97 | -10.28 | -58.01 | 23.03 | 62.07 | 127.63 | 11.45 | 3.34 | 0.62 |
| 22Q2 (11) | 1.89 | 70.27 | 89.0 | 18.32 | 37.95 | 16.24 | 11.09 | 101.64 | 109.64 | 12.93 | 57.88 | 134.24 | 10.39 | 50.8 | 146.21 | 5.77 | 101.75 | 197.42 | 3.36 | 94.22 | 168.8 | 0.32 | 28.0 | 10.34 | 14.65 | 38.6 | 94.81 | 77.42 | 8.49 | 23.65 | 85.79 | 27.95 | -10.83 | 14.21 | -56.88 | 275.08 | 11.08 | -14.11 | -7.44 |
| 22Q1 (10) | 1.11 | -40.32 | 13.27 | 13.28 | 53.35 | 8.06 | 5.50 | 1510.26 | 154.63 | 8.19 | -40.31 | -14.6 | 6.89 | -38.37 | -12.78 | 2.86 | -42.57 | 8.33 | 1.73 | -40.55 | -1.14 | 0.25 | -3.85 | 13.64 | 10.57 | -35.11 | -14.96 | 71.36 | 7.34 | 31.78 | 67.05 | 2327.62 | 201.73 | 32.95 | -67.91 | -57.64 | 12.90 | -3.52 | -17.04 |
| 21Q4 (9) | 1.86 | 815.38 | 1760.0 | 8.66 | -27.53 | -18.69 | -0.39 | -121.08 | 83.12 | 13.72 | 1272.0 | 1139.39 | 11.18 | 1620.0 | 790.12 | 4.98 | 2065.22 | 916.39 | 2.91 | 1611.76 | 908.33 | 0.26 | 23.81 | 8.33 | 16.29 | 357.58 | 971.71 | 66.48 | -19.51 | 27.5 | -3.01 | -101.64 | -101.72 | 102.68 | 223.21 | 236.9 | 13.37 | 17.49 | 3.24 |
| 21Q3 (8) | -0.26 | -126.0 | -126.53 | 11.95 | -24.18 | -17.07 | 1.85 | -65.03 | -71.93 | 1.00 | -81.88 | -85.96 | 0.65 | -84.6 | -88.31 | 0.23 | -88.14 | -91.7 | 0.17 | -86.4 | -90.12 | 0.21 | -27.59 | -30.0 | 3.56 | -52.66 | -61.68 | 82.59 | 31.91 | 51.76 | 183.33 | 90.55 | 97.08 | -83.33 | -2300.0 | -1202.56 | 11.38 | -4.93 | -6.64 |
| 21Q2 (7) | 1.00 | 2.04 | -2.91 | 15.76 | 28.23 | -3.31 | 5.29 | 144.91 | -43.12 | 5.52 | -42.44 | -38.19 | 4.22 | -46.58 | -39.28 | 1.94 | -26.52 | -47.85 | 1.25 | -28.57 | -43.44 | 0.29 | 31.82 | -6.45 | 7.52 | -39.5 | -31.64 | 62.61 | 15.62 | -15.52 | 96.21 | 332.95 | -7.71 | 3.79 | -95.13 | 189.02 | 11.97 | -23.02 | 0 |
| 21Q1 (6) | 0.98 | 880.0 | 476.47 | 12.29 | 15.4 | 20.25 | 2.16 | 193.51 | 56.52 | 9.59 | 826.52 | 481.21 | 7.90 | 587.65 | 522.05 | 2.64 | 532.79 | 417.65 | 1.75 | 586.11 | 386.11 | 0.22 | -8.33 | -12.0 | 12.43 | 717.76 | 186.41 | 54.15 | 3.86 | -21.84 | 22.22 | -87.3 | -73.02 | 77.78 | 203.7 | 428.89 | 15.55 | 20.08 | 10.52 |
| 20Q4 (5) | 0.10 | -89.8 | -16.67 | 10.65 | -26.09 | -5.25 | -2.31 | -135.05 | -187.5 | -1.32 | -118.54 | -210.92 | -1.62 | -129.14 | -300.0 | -0.61 | -122.02 | -274.29 | -0.36 | -120.93 | -233.33 | 0.24 | -20.0 | -14.29 | 1.52 | -83.64 | -58.81 | 52.14 | -4.19 | 7.13 | 175.00 | 88.12 | -22.88 | -75.00 | -1092.31 | 39.06 | 12.95 | 6.23 | 0.78 |
| 20Q3 (4) | 0.98 | -4.85 | 0.0 | 14.41 | -11.6 | 0.0 | 6.59 | -29.14 | 0.0 | 7.12 | -20.27 | 0.0 | 5.56 | -20.0 | 0.0 | 2.77 | -25.54 | 0.0 | 1.72 | -22.17 | 0.0 | 0.30 | -3.23 | 0.0 | 9.29 | -15.55 | 0.0 | 54.42 | -26.57 | 0.0 | 93.02 | -10.77 | 0.0 | 7.56 | 277.62 | 0.0 | 12.19 | 0 | 0.0 |
| 20Q2 (3) | 1.03 | 505.88 | 0.0 | 16.30 | 59.49 | 0.0 | 9.30 | 573.91 | 0.0 | 8.93 | 441.21 | 0.0 | 6.95 | 447.24 | 0.0 | 3.72 | 629.41 | 0.0 | 2.21 | 513.89 | 0.0 | 0.31 | 24.0 | 0.0 | 11.00 | 153.46 | 0.0 | 74.11 | 6.97 | 0.0 | 104.26 | 26.6 | 0.0 | -4.26 | -128.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.17 | 41.67 | 0.0 | 10.22 | -9.07 | 0.0 | 1.38 | -47.73 | 0.0 | 1.65 | 38.66 | 0.0 | 1.27 | 56.79 | 0.0 | 0.51 | 45.71 | 0.0 | 0.36 | 33.33 | 0.0 | 0.25 | -10.71 | 0.0 | 4.34 | 17.62 | 0.0 | 69.28 | 42.35 | 0.0 | 82.35 | -63.71 | 0.0 | 14.71 | 111.95 | 0.0 | 14.07 | 9.49 | 0.0 |
| 19Q4 (1) | 0.12 | 0.0 | 0.0 | 11.24 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 1.19 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 3.69 | 0.0 | 0.0 | 48.67 | 0.0 | 0.0 | 226.92 | 0.0 | 0.0 | -123.08 | 0.0 | 0.0 | 12.85 | 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) | 3.93 | -39.91 | 17.93 | 4.79 | 7.75 | -16.31 | 2.01 | 21.17 | 9.68 | -11.84 | 7.49 | -15.84 | 10.33 | -40.6 | 7.22 | -34.84 | 0.93 | -23.77 | 12.13 | -6.4 | 42.45 | -21.01 | 80.03 | -5.13 | 19.97 | 27.63 | 0.34 | -17.16 | 14.47 | 19.0 |
| 2022 (9) | 6.54 | 82.68 | 17.11 | 39.45 | 9.26 | 297.42 | 1.66 | -21.77 | 10.98 | 44.85 | 8.90 | 46.38 | 17.39 | 76.19 | 11.08 | 74.76 | 1.22 | 19.61 | 12.96 | 29.08 | 53.74 | -19.16 | 84.35 | 174.14 | 15.65 | -77.39 | 0.41 | -26.34 | 12.16 | -6.25 |
| 2021 (8) | 3.58 | 57.02 | 12.27 | -11.02 | 2.33 | -47.99 | 2.12 | -3.07 | 7.58 | 54.38 | 6.08 | 64.32 | 9.87 | 57.67 | 6.34 | 47.1 | 1.02 | -9.73 | 10.04 | 35.31 | 66.48 | 27.5 | 30.77 | -66.23 | 69.23 | 680.25 | 0.55 | -25.6 | 12.97 | -2.41 |
| 2020 (7) | 2.28 | -44.39 | 13.79 | -1.22 | 4.48 | -21.68 | 2.19 | 15.34 | 4.91 | -17.76 | 3.70 | -24.18 | 6.26 | -42.3 | 4.31 | -39.64 | 1.13 | -19.29 | 7.42 | -10.28 | 52.14 | 7.13 | 91.13 | -4.82 | 8.87 | 108.51 | 0.75 | -13.17 | 13.29 | 7.7 |
| 2019 (6) | 4.10 | -28.57 | 13.96 | 4.8 | 5.72 | 66.28 | 1.90 | 41.67 | 5.97 | -16.74 | 4.88 | -21.54 | 10.85 | -40.25 | 7.14 | -26.47 | 1.40 | -6.04 | 8.27 | -8.11 | 48.67 | -31.93 | 95.74 | 99.72 | 4.26 | -91.83 | 0.86 | -8.54 | 12.34 | -4.27 |
| 2018 (5) | 5.74 | 0 | 13.32 | -8.33 | 3.44 | -18.1 | 1.34 | -4.98 | 7.17 | 0 | 6.22 | 0 | 18.16 | 0 | 9.71 | 0 | 1.49 | 12.03 | 9.00 | 533.8 | 71.50 | -45.64 | 47.94 | 0 | 52.06 | -93.49 | 0.94 | 0 | 12.89 | 5.66 |
| 2017 (4) | -1.10 | 0 | 14.53 | -9.81 | 4.20 | -27.71 | 1.41 | -11.52 | -0.60 | 0 | -1.29 | 0 | -3.45 | 0 | -1.21 | 0 | 1.33 | -5.0 | 1.42 | -82.43 | 131.54 | 70.5 | -700.00 | 0 | 800.00 | 34033.33 | 0.00 | 0 | 12.20 | -6.51 |
| 2016 (3) | 4.19 | 2.44 | 16.11 | 2.35 | 5.81 | 7.2 | 1.59 | 3.73 | 5.95 | 4.02 | 5.19 | 7.68 | 13.10 | -2.38 | 7.63 | -0.91 | 1.40 | -6.67 | 8.08 | 3.06 | 77.15 | -7.28 | 97.46 | 2.91 | 2.34 | -55.73 | 0.00 | 0 | 13.05 | 6.97 |
| 2015 (2) | 4.09 | 2.25 | 15.74 | 3.69 | 5.42 | -0.37 | 1.54 | 4.81 | 5.72 | 1.96 | 4.82 | 13.68 | 13.42 | -6.74 | 7.70 | -0.26 | 1.50 | -10.18 | 7.84 | 0.9 | 83.21 | -4.22 | 94.71 | -2.39 | 5.29 | 67.1 | 0.00 | 0 | 12.20 | 12.34 |
| 2014 (1) | 4.00 | -1.23 | 15.18 | 0 | 5.44 | 0 | 1.47 | 4.1 | 5.61 | 0 | 4.24 | 0 | 14.39 | 0 | 7.72 | 0 | 1.67 | -10.7 | 7.77 | 8.07 | 86.88 | -32.08 | 97.03 | 4.34 | 3.17 | -54.78 | 0.00 | 0 | 10.86 | -2.25 |
