- 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 | -333.33 | -146.67 | 4.93 | -32.56 | -31.72 | -2.98 | -1003.03 | -951.43 | -6.43 | -344.49 | -147.7 | -6.12 | -329.21 | -146.54 | -0.94 | -335.0 | -148.7 | -0.44 | -218.92 | -132.12 | 0.09 | 0.0 | -10.0 | 0.06 | -99.28 | -99.68 | 65.65 | 7.55 | 33.49 | 46.44 | 266.88 | 1704.33 | 53.56 | -38.68 | -45.03 | 5.69 | -1.22 | -3.56 |
| 24Q2 (19) | 0.21 | 600.0 | 10.53 | 7.31 | 91.86 | 280.73 | 0.33 | 111.0 | 106.47 | 2.63 | 250.67 | 19.0 | 2.67 | 480.43 | 5.53 | 0.40 | 566.67 | 11.11 | 0.37 | 146.67 | 23.33 | 0.09 | 0.0 | 0.0 | 8.34 | 23.92 | 14.88 | 61.04 | 6.17 | 17.97 | 12.66 | 103.16 | 105.49 | 87.34 | -82.54 | -73.57 | 5.76 | -6.19 | -4.79 |
| 24Q1 (18) | 0.03 | 106.52 | -91.89 | 3.81 | 2.97 | -42.62 | -3.00 | 18.03 | -10100.0 | 0.75 | 110.59 | -84.11 | 0.46 | 107.57 | -89.76 | 0.06 | 107.23 | -91.04 | 0.15 | 133.33 | -71.15 | 0.09 | 0.0 | -10.0 | 6.73 | 591.24 | -28.78 | 57.49 | 8.9 | 8.99 | -400.28 | -873.99 | -58163.71 | 500.28 | 936.11 | 403.75 | 6.14 | -8.49 | 9.06 |
| 23Q4 (17) | -0.46 | -143.81 | 60.34 | 3.70 | -48.75 | 45.1 | -3.66 | -1145.71 | 19.03 | -7.08 | -152.52 | 50.8 | -6.08 | -146.24 | 58.01 | -0.83 | -143.01 | 59.31 | -0.45 | -132.85 | 67.15 | 0.09 | -10.0 | -10.0 | -1.37 | -107.41 | 85.8 | 52.79 | 7.34 | 22.97 | 51.72 | 1909.28 | 64.68 | 48.28 | -50.44 | -29.61 | 6.71 | 13.73 | -11.83 |
| 23Q3 (16) | 1.05 | 452.63 | 16.67 | 7.22 | 276.04 | -6.48 | 0.35 | 106.86 | -59.3 | 13.48 | 509.95 | 22.88 | 13.15 | 419.76 | 27.05 | 1.93 | 436.11 | 24.52 | 1.37 | 356.67 | 22.32 | 0.10 | 11.11 | 0.0 | 18.49 | 154.68 | 22.37 | 49.18 | -4.95 | 17.54 | 2.57 | 101.12 | -67.26 | 97.43 | -70.52 | 5.74 | 5.90 | -2.48 | 10.69 |
| 23Q2 (15) | 0.19 | -48.65 | -94.29 | 1.92 | -71.08 | -92.69 | -5.10 | -17100.0 | -124.65 | 2.21 | -53.18 | -93.55 | 2.53 | -43.65 | -91.18 | 0.36 | -46.27 | -93.18 | 0.30 | -42.31 | -92.15 | 0.09 | -10.0 | -30.77 | 7.26 | -23.17 | -80.77 | 51.74 | -1.91 | 11.01 | -230.48 | -33532.48 | -481.35 | 330.48 | 232.77 | 735.21 | 6.05 | 7.46 | 55.13 |
| 23Q1 (14) | 0.37 | 131.9 | -85.77 | 6.64 | 160.39 | -73.13 | 0.03 | 100.66 | -99.84 | 4.72 | 132.8 | -83.01 | 4.49 | 131.01 | -80.76 | 0.67 | 132.84 | -83.21 | 0.52 | 137.96 | -82.72 | 0.10 | 0.0 | -23.08 | 9.45 | 197.93 | -69.36 | 52.75 | 22.87 | 63.87 | 0.69 | -97.8 | -98.98 | 99.31 | 44.78 | 206.33 | 5.63 | -26.02 | 40.75 |
| 22Q4 (13) | -1.16 | -228.89 | -143.77 | 2.55 | -66.97 | -90.78 | -4.52 | -625.58 | -120.88 | -14.39 | -231.18 | -151.48 | -14.48 | -239.9 | -163.93 | -2.04 | -231.61 | -147.66 | -1.37 | -222.32 | -143.08 | 0.10 | 0.0 | -28.57 | -9.65 | -163.86 | -131.02 | 42.93 | 2.61 | 23.22 | 31.40 | 299.5 | -59.44 | 68.60 | -25.55 | 204.02 | 7.61 | 42.78 | 91.69 |
| 22Q3 (12) | 0.90 | -72.97 | -70.3 | 7.72 | -70.61 | -69.43 | 0.86 | -95.84 | -95.49 | 10.97 | -67.96 | -67.38 | 10.35 | -63.91 | -64.14 | 1.55 | -70.64 | -70.19 | 1.12 | -70.68 | -70.05 | 0.10 | -23.08 | -23.08 | 15.11 | -59.97 | -59.1 | 41.84 | -10.23 | 13.02 | 7.86 | -86.99 | -86.13 | 92.14 | 132.86 | 112.6 | 5.33 | 36.67 | 16.12 |
| 22Q2 (11) | 3.33 | 28.08 | 4.72 | 26.27 | 6.31 | -14.9 | 20.69 | 10.23 | -19.49 | 34.24 | 23.25 | -0.2 | 28.68 | 22.88 | 1.59 | 5.28 | 32.33 | -6.38 | 3.82 | 26.91 | -4.26 | 0.13 | 0.0 | -7.14 | 37.75 | 22.41 | 1.07 | 46.61 | 44.8 | 7.77 | 60.44 | -10.58 | -19.33 | 39.57 | 22.05 | 57.74 | 3.90 | -2.5 | 2.09 |
| 22Q1 (10) | 2.60 | -1.89 | 10.64 | 24.71 | -10.67 | -9.55 | 18.77 | -13.3 | -11.71 | 27.78 | -0.61 | -6.78 | 23.34 | 3.05 | -5.47 | 3.99 | -6.78 | -7.85 | 3.01 | -5.35 | -1.63 | 0.13 | -7.14 | 8.33 | 30.84 | -0.87 | -8.62 | 32.19 | -7.61 | -23.32 | 67.59 | -12.72 | -5.26 | 32.42 | 43.69 | 13.11 | 4.00 | 0.76 | -11.7 |
| 21Q4 (9) | 2.65 | -12.54 | 57.74 | 27.66 | 9.54 | 25.39 | 21.65 | 13.59 | 33.97 | 27.95 | -16.89 | 17.78 | 22.65 | -21.52 | 15.56 | 4.28 | -17.69 | 24.78 | 3.18 | -14.97 | 34.75 | 0.14 | 7.69 | 16.67 | 31.11 | -15.78 | 9.77 | 34.84 | -5.89 | -21.05 | 77.44 | 36.67 | 13.7 | 22.56 | -47.94 | -29.25 | 3.97 | -13.51 | 19.22 |
| 21Q3 (8) | 3.03 | -4.72 | 85.89 | 25.25 | -18.21 | 81.65 | 19.06 | -25.84 | 162.17 | 33.63 | -1.98 | 38.85 | 28.86 | 2.23 | 28.72 | 5.20 | -7.8 | 46.48 | 3.74 | -6.27 | 61.21 | 0.13 | -7.14 | 30.0 | 36.94 | -1.1 | 26.99 | 37.02 | -14.4 | -27.71 | 56.66 | -24.37 | 88.66 | 43.34 | 72.78 | -38.06 | 4.59 | 20.16 | -22.73 |
| 21Q2 (7) | 3.18 | 35.32 | 3280.0 | 30.87 | 12.99 | 151.18 | 25.70 | 20.88 | 356.48 | 34.31 | 15.13 | 13824.0 | 28.23 | 14.34 | 2020.41 | 5.64 | 30.25 | 2785.71 | 3.99 | 30.39 | 5087.5 | 0.14 | 16.67 | 55.56 | 37.35 | 10.67 | 797.84 | 43.25 | 3.03 | -29.33 | 74.92 | 5.02 | 103.31 | 25.08 | -12.49 | -98.94 | 3.82 | -15.67 | 0 |
| 21Q1 (6) | 2.35 | 39.88 | 4016.67 | 27.32 | 23.84 | 116.48 | 21.26 | 31.56 | 258.52 | 29.80 | 25.58 | 9512.9 | 24.69 | 25.97 | 2726.6 | 4.33 | 26.24 | 3708.33 | 3.06 | 29.66 | 15400.0 | 0.12 | 0.0 | 33.33 | 33.75 | 19.09 | 430.66 | 41.98 | -4.87 | -12.29 | 71.34 | 4.74 | -96.28 | 28.66 | -10.12 | 101.58 | 4.53 | 36.04 | -30.63 |
| 20Q4 (5) | 1.68 | 3.07 | 242.86 | 22.06 | 58.71 | 91.49 | 16.16 | 122.28 | 208.4 | 23.73 | -2.02 | 219.38 | 19.60 | -12.58 | 202.0 | 3.43 | -3.38 | 281.11 | 2.36 | 1.72 | 237.14 | 0.12 | 20.0 | 20.0 | 28.34 | -2.58 | 129.66 | 44.13 | -13.83 | 4.15 | 68.11 | 126.78 | -3.39 | 31.89 | -54.42 | 8.11 | 3.33 | -43.94 | -17.57 |
| 20Q3 (4) | 1.63 | 1730.0 | 0.0 | 13.90 | 13.1 | 0.0 | 7.27 | 29.13 | 0.0 | 24.22 | 9788.0 | 0.0 | 22.42 | 1625.17 | 0.0 | 3.55 | 1790.48 | 0.0 | 2.32 | 3000.0 | 0.0 | 0.10 | 11.11 | 0.0 | 29.09 | 599.28 | 0.0 | 51.21 | -16.32 | 0.0 | 30.03 | 101.33 | 0.0 | 69.97 | -97.04 | 0.0 | 5.94 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | -66.67 | 0.0 | 12.29 | -2.61 | 0.0 | 5.63 | -5.06 | 0.0 | -0.25 | -180.65 | 0.0 | -1.47 | -56.38 | 0.0 | -0.21 | -75.0 | 0.0 | -0.08 | -300.0 | 0.0 | 0.09 | 0.0 | 0.0 | 4.16 | -34.59 | 0.0 | 61.20 | 27.87 | 0.0 | -2261.68 | -217.99 | 0.0 | 2361.68 | 229.93 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.06 | -112.24 | 0.0 | 12.62 | 9.55 | 0.0 | 5.93 | 13.17 | 0.0 | 0.31 | -95.83 | 0.0 | -0.94 | -114.48 | 0.0 | -0.12 | -113.33 | 0.0 | -0.02 | -102.86 | 0.0 | 0.09 | -10.0 | 0.0 | 6.36 | -48.46 | 0.0 | 47.86 | 12.96 | 0.0 | 1916.92 | 2618.97 | 0.0 | -1817.69 | -6262.05 | 0.0 | 6.53 | 61.63 | 0.0 |
| 19Q4 (1) | 0.49 | 0.0 | 0.0 | 11.52 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 7.43 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 12.34 | 0.0 | 0.0 | 42.37 | 0.0 | 0.0 | 70.50 | 0.0 | 0.0 | 29.50 | 0.0 | 0.0 | 4.04 | 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) | 1.15 | -79.75 | 4.93 | -70.85 | -2.02 | 0 | 3.78 | 26.69 | 3.51 | -79.83 | 3.68 | -74.37 | 2.08 | -78.11 | 1.73 | -75.32 | 0.38 | -20.83 | 8.63 | -59.25 | 52.79 | 22.97 | -57.58 | 0 | 157.57 | 306.03 | 0.11 | -10.65 | 6.06 | 21.2 |
| 2022 (9) | 5.68 | -49.33 | 16.91 | -39.26 | 10.65 | -51.57 | 2.98 | 11.74 | 17.40 | -44.62 | 14.36 | -44.94 | 9.50 | -51.03 | 7.01 | -50.18 | 0.48 | -9.43 | 21.18 | -39.07 | 42.93 | 23.22 | 61.19 | -12.57 | 38.81 | 29.33 | 0.12 | 3.61 | 5.00 | 18.76 |
| 2021 (8) | 11.21 | 255.87 | 27.84 | 78.01 | 21.99 | 139.02 | 2.67 | -31.16 | 31.42 | 141.51 | 26.08 | 141.93 | 19.40 | 229.93 | 14.07 | 227.21 | 0.53 | 39.47 | 34.76 | 93.54 | 34.84 | -21.05 | 69.99 | -1.07 | 30.01 | 2.61 | 0.11 | -6.91 | 4.21 | -22.18 |
| 2020 (7) | 3.15 | -46.25 | 15.64 | 1.23 | 9.20 | -5.35 | 3.88 | 16.72 | 13.01 | -35.94 | 10.78 | -39.98 | 5.88 | -44.48 | 4.30 | -44.08 | 0.38 | -9.52 | 17.96 | -26.75 | 44.13 | 4.15 | 70.75 | 47.91 | 29.24 | -43.94 | 0.12 | 44.66 | 5.41 | 12.24 |
| 2019 (6) | 5.86 | -24.68 | 15.45 | -4.57 | 9.72 | -11.64 | 3.32 | 10.4 | 20.31 | -18.04 | 17.96 | -16.5 | 10.59 | -25.16 | 7.69 | -25.92 | 0.42 | -10.64 | 24.52 | -14.45 | 42.37 | 3.22 | 47.84 | 7.77 | 52.16 | -6.2 | 0.09 | -0.98 | 4.82 | 10.3 |
| 2018 (5) | 7.78 | 0.26 | 16.19 | 0.0 | 11.00 | 3.68 | 3.01 | -21.25 | 24.78 | -6.7 | 21.51 | -9.96 | 14.15 | -5.73 | 10.38 | -4.51 | 0.47 | 6.82 | 28.66 | -8.7 | 41.05 | 8.05 | 44.39 | 11.09 | 55.61 | -7.38 | 0.09 | 0 | 4.37 | -6.02 |
| 2017 (4) | 7.76 | 25.36 | 16.19 | 20.01 | 10.61 | 46.95 | 3.82 | -17.62 | 26.56 | 9.21 | 23.89 | 9.29 | 15.01 | 14.41 | 10.87 | 17.77 | 0.44 | 7.32 | 31.39 | 4.39 | 37.99 | -16.6 | 39.96 | 34.49 | 60.04 | -14.58 | 0.00 | 0 | 4.65 | -13.41 |
| 2016 (3) | 6.19 | 27.63 | 13.49 | 18.44 | 7.22 | 31.75 | 4.64 | 14.59 | 24.32 | 32.75 | 21.86 | 35.61 | 13.12 | 21.59 | 9.23 | 23.23 | 0.41 | -8.89 | 30.07 | 28.45 | 45.55 | -3.78 | 29.71 | -0.71 | 70.29 | 0.3 | 0.00 | 0 | 5.37 | 12.58 |
| 2015 (2) | 4.85 | 72.6 | 11.39 | 49.08 | 5.48 | 114.9 | 4.05 | 16.11 | 18.32 | 94.27 | 16.12 | 95.39 | 10.79 | 65.24 | 7.49 | 63.89 | 0.45 | -13.46 | 23.41 | 68.42 | 47.34 | -7.32 | 29.92 | 10.9 | 70.08 | -4.03 | 0.00 | 0 | 4.77 | 19.25 |
| 2014 (1) | 2.81 | -13.54 | 7.64 | 0 | 2.55 | 0 | 3.49 | -8.87 | 9.43 | 0 | 8.25 | 0 | 6.53 | 0 | 4.57 | 0 | 0.52 | -7.14 | 13.90 | -10.73 | 51.08 | -8.38 | 26.98 | 36.46 | 73.02 | -8.99 | 0.00 | 0 | 4.00 | -0.5 |
