- 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) | 0.46 | -25.81 | -66.42 | 11.72 | -17.23 | -25.4 | -5.47 | -54.08 | -1089.13 | 8.10 | -33.39 | -70.96 | 9.02 | -16.4 | -63.88 | 0.46 | -22.03 | -62.3 | 0.43 | -21.82 | -62.28 | 0.05 | 0.0 | 0.0 | 13.11 | -22.06 | -59.03 | 8.01 | 10.03 | 14.76 | -68.29 | -132.2 | -4885.37 | 168.29 | 30.04 | 64.9 | 27.31 | 15.43 | 11.11 |
| 24Q2 (19) | 0.62 | 47.62 | -74.8 | 14.16 | 34.22 | -23.87 | -3.55 | 62.07 | -181.61 | 12.16 | 2.44 | -69.83 | 10.79 | 22.2 | -71.32 | 0.59 | 51.28 | -72.81 | 0.55 | 52.78 | -72.5 | 0.05 | 25.0 | 0.0 | 16.82 | -4.1 | -61.37 | 7.28 | -24.01 | 10.47 | -29.41 | 63.06 | -375.6 | 129.41 | -27.96 | 45.52 | 23.66 | -15.26 | 12.94 |
| 24Q1 (18) | 0.42 | 184.0 | 27.27 | 10.55 | -18.85 | -38.48 | -9.36 | -72.38 | -445.39 | 11.87 | 179.45 | 69.81 | 8.83 | 184.82 | 50.43 | 0.39 | 184.78 | 30.0 | 0.36 | 185.71 | 33.33 | 0.04 | 0.0 | -20.0 | 17.54 | 293.81 | 66.41 | 9.58 | 41.51 | -12.67 | -79.63 | -319.78 | -301.73 | 179.63 | 181.69 | 196.78 | 27.92 | 4.8 | 17.06 |
| 23Q4 (17) | -0.50 | -136.5 | -516.67 | 13.00 | -17.25 | -37.98 | -5.43 | -1080.43 | -166.06 | -14.94 | -153.57 | -569.81 | -10.41 | -141.69 | -642.19 | -0.46 | -137.7 | -518.18 | -0.42 | -136.84 | -481.82 | 0.04 | -20.0 | -20.0 | -9.05 | -128.28 | -242.74 | 6.77 | -3.01 | -19.6 | 36.23 | 2744.93 | -85.79 | 63.77 | -37.52 | 141.14 | 26.64 | 8.38 | 30.72 |
| 23Q3 (16) | 1.37 | -44.31 | -74.1 | 15.71 | -15.54 | -22.73 | -0.46 | -110.57 | -105.54 | 27.89 | -30.81 | -61.44 | 24.97 | -33.63 | -63.1 | 1.22 | -43.78 | -74.32 | 1.14 | -43.0 | -74.09 | 0.05 | 0.0 | -16.67 | 32.00 | -26.5 | -57.12 | 6.98 | 5.92 | -20.5 | -1.37 | -112.84 | -111.98 | 102.05 | 14.75 | 15.24 | 24.58 | 17.33 | 30.47 |
| 23Q2 (15) | 2.46 | 645.45 | 112.07 | 18.60 | 8.45 | 7.45 | 4.35 | 60.52 | -14.71 | 40.31 | 476.68 | 112.83 | 37.62 | 540.89 | 133.66 | 2.17 | 623.33 | 121.43 | 2.00 | 640.74 | 122.22 | 0.05 | 0.0 | -16.67 | 43.54 | 313.09 | 103.27 | 6.59 | -39.93 | -11.78 | 10.67 | -72.96 | -60.06 | 88.93 | 46.93 | 21.36 | 20.95 | -12.16 | 6.13 |
| 23Q1 (14) | 0.33 | 175.0 | -60.71 | 17.15 | -18.18 | 0.82 | 2.71 | -67.03 | -25.34 | 6.99 | 119.81 | -54.49 | 5.87 | 205.73 | -55.6 | 0.30 | 172.73 | -57.14 | 0.27 | 145.45 | -57.14 | 0.05 | 0.0 | 0.0 | 10.54 | 66.25 | -41.18 | 10.97 | 30.29 | -6.96 | 39.47 | -84.52 | 68.66 | 60.53 | 139.05 | -20.98 | 23.85 | 17.03 | 7.63 |
| 22Q4 (13) | 0.12 | -97.73 | 71.43 | 20.96 | 3.1 | 37.17 | 8.22 | -1.08 | 1090.36 | 3.18 | -95.6 | 127.14 | 1.92 | -97.16 | 33.33 | 0.11 | -97.68 | 37.5 | 0.11 | -97.5 | 57.14 | 0.05 | -16.67 | 0.0 | 6.34 | -91.5 | 62.56 | 8.42 | -4.1 | -17.77 | 255.00 | 2129.19 | 559.0 | -155.00 | -275.02 | -199.64 | 20.38 | 8.17 | -9.94 |
| 22Q3 (12) | 5.29 | 356.03 | 202.29 | 20.33 | 17.45 | 41.18 | 8.31 | 62.94 | 1562.0 | 72.33 | 281.89 | 104.67 | 67.67 | 320.31 | 97.0 | 4.75 | 384.69 | 138.69 | 4.40 | 388.89 | 150.0 | 0.06 | 0.0 | 20.0 | 74.63 | 248.41 | 98.8 | 8.78 | 17.54 | -30.87 | 11.44 | -57.19 | 818.94 | 88.56 | 20.85 | -10.32 | 18.84 | -4.56 | -3.98 |
| 22Q2 (11) | 1.16 | 38.1 | 157.71 | 17.31 | 1.76 | 25.25 | 5.10 | 40.5 | 369.84 | 18.94 | 23.31 | 2730.56 | 16.10 | 21.79 | 132.58 | 0.98 | 40.0 | 143.75 | 0.90 | 42.86 | 145.45 | 0.06 | 20.0 | 50.0 | 21.42 | 19.53 | 955.17 | 7.47 | -36.64 | -45.75 | 26.72 | 14.16 | -89.31 | 73.28 | -4.33 | 148.85 | 19.74 | -10.92 | -15.6 |
| 22Q1 (10) | 0.84 | 1100.0 | 250.0 | 17.01 | 11.32 | -7.55 | 3.63 | 537.35 | 1.97 | 15.36 | 997.14 | 136.67 | 13.22 | 818.06 | 128.72 | 0.70 | 775.0 | 169.23 | 0.63 | 800.0 | 162.5 | 0.05 | 0.0 | 25.0 | 17.92 | 359.49 | 93.1 | 11.79 | 15.14 | 2.7 | 23.40 | 142.13 | -56.89 | 76.60 | -50.76 | 67.55 | 22.16 | -2.08 | -11.08 |
| 21Q4 (9) | 0.07 | -96.0 | -73.08 | 15.28 | 6.11 | -5.85 | -0.83 | -266.0 | -132.81 | 1.40 | -96.04 | -81.75 | 1.44 | -95.81 | -80.17 | 0.08 | -95.98 | -77.78 | 0.07 | -96.02 | -78.79 | 0.05 | 0.0 | 0.0 | 3.90 | -89.61 | -62.06 | 10.24 | -19.37 | 44.84 | -55.56 | -4562.96 | -270.37 | 155.56 | 57.52 | 130.82 | 22.63 | 15.34 | 3.33 |
| 21Q3 (8) | 1.75 | 187.06 | 92.31 | 14.40 | 4.2 | -24.88 | 0.50 | 126.46 | -90.23 | 35.34 | 5008.33 | 49.56 | 34.35 | 169.52 | 42.95 | 1.99 | 188.84 | 64.46 | 1.76 | 188.89 | 61.47 | 0.05 | 25.0 | 0.0 | 37.54 | 1749.26 | 43.78 | 12.70 | -7.77 | 7.08 | 1.24 | -99.5 | -94.24 | 98.76 | 165.84 | 26.0 | 19.62 | -16.12 | -10.86 |
| 21Q2 (7) | -2.01 | -937.5 | -107.34 | 13.82 | -24.89 | -12.2 | -1.89 | -153.09 | 14.86 | -0.72 | -111.09 | -100.07 | -49.41 | -954.84 | -104.55 | -2.24 | -961.54 | -104.39 | -1.98 | -925.0 | -104.45 | 0.04 | 0.0 | 0.0 | 2.03 | -78.12 | -99.81 | 13.77 | 19.95 | 14.37 | 250.00 | 360.53 | 118850.0 | -150.00 | -428.12 | -249.68 | 23.39 | -6.14 | 0 |
| 21Q1 (6) | 0.24 | -7.69 | 380.0 | 18.40 | 13.37 | 8.81 | 3.56 | 40.71 | 1324.0 | 6.49 | -15.38 | 185.9 | 5.78 | -20.39 | 248.19 | 0.26 | -27.78 | 136.36 | 0.24 | -27.27 | 140.0 | 0.04 | -20.0 | -20.0 | 9.28 | -9.73 | 86.35 | 11.48 | 62.38 | -38.84 | 54.29 | 66.48 | 551.43 | 45.71 | -32.17 | -50.13 | 24.92 | 13.79 | 0 |
| 20Q4 (5) | 0.26 | -71.43 | 189.66 | 16.23 | -15.34 | 19.6 | 2.53 | -50.59 | 1681.25 | 7.67 | -67.54 | 191.2 | 7.26 | -69.79 | 174.01 | 0.36 | -70.25 | 153.73 | 0.33 | -69.72 | 158.93 | 0.05 | 0.0 | -16.67 | 10.28 | -60.63 | 275.43 | 7.07 | -40.39 | -61.26 | 32.61 | 50.82 | 1432.61 | 67.39 | -14.02 | -31.14 | 21.90 | -0.5 | -6.37 |
| 20Q3 (4) | 0.91 | -96.68 | 0.0 | 19.17 | 21.79 | 0.0 | 5.12 | 330.63 | 0.0 | 23.63 | -97.82 | 0.0 | 24.03 | -97.79 | 0.0 | 1.21 | -97.63 | 0.0 | 1.09 | -97.55 | 0.0 | 0.05 | 25.0 | 0.0 | 26.11 | -97.6 | 0.0 | 11.86 | -1.5 | 0.0 | 21.62 | 10370.27 | 0.0 | 78.38 | -21.79 | 0.0 | 22.01 | 0 | 0.0 |
| 20Q2 (3) | 27.38 | 54660.0 | 0.0 | 15.74 | -6.92 | 0.0 | -2.22 | -988.0 | 0.0 | 1085.88 | 47736.12 | 0.0 | 1086.22 | 65334.94 | 0.0 | 50.98 | 46245.45 | 0.0 | 44.50 | 44400.0 | 0.0 | 0.04 | -20.0 | 0.0 | 1089.40 | 21775.5 | 0.0 | 12.04 | -35.86 | 0.0 | -0.21 | -102.53 | 0.0 | 100.21 | 9.32 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.05 | 117.24 | 0.0 | 16.91 | 24.61 | 0.0 | 0.25 | 256.25 | 0.0 | 2.27 | 126.99 | 0.0 | 1.66 | 116.92 | 0.0 | 0.11 | 116.42 | 0.0 | 0.10 | 117.86 | 0.0 | 0.05 | -16.67 | 0.0 | 4.98 | 184.98 | 0.0 | 18.77 | 2.85 | 0.0 | 8.33 | 291.67 | 0.0 | 91.67 | -6.34 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 13.57 | 0.0 | 0.0 | -0.16 | 0.0 | 0.0 | -8.41 | 0.0 | 0.0 | -9.81 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | -0.56 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -5.86 | 0.0 | 0.0 | 18.25 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | 97.87 | 0.0 | 0.0 | 23.39 | 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) | 3.66 | -50.61 | 16.33 | -13.73 | 0.66 | -89.66 | 3.99 | 58.83 | 17.05 | -42.14 | 16.25 | -39.0 | 3.30 | -48.44 | 3.08 | -47.53 | 0.19 | -13.64 | 21.14 | -34.08 | 6.77 | -19.6 | 3.80 | -82.39 | 95.92 | 22.55 | 0.00 | 0 | 23.79 | 17.83 |
| 2022 (9) | 7.41 | 18425.0 | 18.93 | 22.92 | 6.38 | 2026.67 | 2.51 | 2.97 | 29.47 | 149.75 | 26.64 | 9766.67 | 6.40 | 12700.0 | 5.87 | 9683.33 | 0.22 | 22.22 | 32.07 | 123.8 | 8.42 | -17.77 | 21.60 | 767.13 | 78.27 | -19.43 | 0.00 | 0 | 20.19 | -10.11 |
| 2021 (8) | 0.04 | -99.87 | 15.40 | -9.99 | 0.30 | -82.35 | 2.44 | -4.45 | 11.80 | -95.56 | 0.27 | -99.89 | 0.05 | -99.91 | 0.06 | -99.87 | 0.18 | -5.26 | 14.33 | -94.66 | 10.24 | 44.84 | 2.49 | 288.94 | 97.15 | -2.22 | 0.00 | 0 | 22.46 | -7.84 |
| 2020 (7) | 31.97 | 775.89 | 17.11 | 2.89 | 1.70 | -0.58 | 2.55 | 19.77 | 265.64 | 782.52 | 243.12 | 749.77 | 52.73 | 508.89 | 47.26 | 564.7 | 0.19 | -24.0 | 268.31 | 724.81 | 7.07 | -61.26 | 0.64 | -88.79 | 99.36 | 5.38 | 0.00 | 0 | 24.37 | 6.37 |
| 2019 (6) | 3.65 | 204.17 | 16.63 | 10.72 | 1.71 | 0 | 2.13 | 6.22 | 30.10 | 214.85 | 28.61 | 216.48 | 8.66 | 183.93 | 7.11 | 191.39 | 0.25 | -3.85 | 32.53 | 172.9 | 18.25 | -34.45 | 5.71 | 0 | 94.29 | -9.08 | 0.00 | 0 | 22.91 | 1.96 |
| 2018 (5) | 1.20 | 33.33 | 15.02 | -10.11 | -0.35 | 0 | 2.01 | -8.2 | 9.56 | 53.21 | 9.04 | 42.59 | 3.05 | 32.61 | 2.44 | 32.61 | 0.26 | -7.14 | 11.92 | 36.38 | 27.84 | -7.32 | -3.70 | 0 | 103.70 | 38.83 | 0.00 | 0 | 22.47 | 4.12 |
| 2017 (4) | 0.90 | -43.4 | 16.71 | -15.48 | 1.57 | -60.25 | 2.18 | 3.43 | 6.24 | -46.48 | 6.34 | -39.62 | 2.30 | -46.14 | 1.84 | -45.24 | 0.28 | -9.68 | 8.74 | -38.15 | 30.04 | -3.9 | 25.30 | -25.21 | 74.70 | 12.89 | 0.00 | 0 | 21.58 | 2.96 |
| 2016 (3) | 1.59 | 18.66 | 19.77 | 5.33 | 3.95 | 40.07 | 2.11 | -8.61 | 11.66 | 12.55 | 10.50 | 16.93 | 4.27 | 22.7 | 3.36 | 21.3 | 0.31 | 3.33 | 14.13 | 8.19 | 31.26 | 4.23 | 33.83 | 23.89 | 66.17 | -8.97 | 0.00 | 0 | 20.96 | 0.72 |
| 2015 (2) | 1.34 | 15.52 | 18.77 | 0.05 | 2.82 | -8.44 | 2.31 | 7.97 | 10.36 | 14.6 | 8.98 | 19.1 | 3.48 | 13.36 | 2.77 | 11.69 | 0.30 | -6.25 | 13.06 | 13.47 | 29.99 | 4.28 | 27.30 | -19.87 | 72.70 | 10.27 | 0.00 | 0 | 20.81 | 12.73 |
| 2014 (1) | 1.16 | 41.46 | 18.76 | 0 | 3.08 | 0 | 2.14 | 15.14 | 9.04 | 0 | 7.54 | 0 | 3.07 | 0 | 2.48 | 0 | 0.32 | -11.11 | 11.51 | 54.08 | 28.76 | 9.9 | 34.07 | 1.66 | 65.93 | -0.84 | 0.00 | 0 | 18.46 | 12.36 |
