- 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) | -0.35 | -450.0 | -266.67 | 26.71 | 30.93 | 9.33 | -1.17 | 36.76 | -136.11 | -0.32 | -110.03 | -108.7 | -1.06 | -147.32 | -167.95 | -0.19 | -141.3 | -154.29 | 0.19 | -66.07 | -60.42 | 0.11 | -8.33 | -15.38 | 16.03 | -8.45 | -6.48 | 64.13 | -0.02 | -6.43 | 350.00 | 688.0 | 294.68 | -250.00 | -256.72 | -2308.33 | 26.19 | 13.43 | 17.34 |
| 24Q2 (19) | 0.10 | 133.33 | 108.85 | 20.40 | -7.27 | 0.0 | -1.85 | 25.4 | 3.65 | 3.19 | 606.35 | 141.81 | 2.24 | 223.76 | 128.39 | 0.46 | 243.75 | 129.11 | 0.56 | 700.0 | 183.58 | 0.12 | 9.09 | 0.0 | 17.51 | 13.26 | 171.89 | 64.14 | 2.67 | -5.09 | -59.52 | -114.37 | -340.48 | 159.52 | 153.17 | 114.83 | 23.09 | -9.91 | -1.11 |
| 24Q1 (18) | -0.30 | 36.17 | 47.37 | 22.00 | 0.96 | 1.1 | -2.48 | -426.32 | -413.92 | -0.63 | 73.31 | 73.97 | -1.81 | 33.46 | 43.79 | -0.32 | 51.52 | 52.94 | 0.07 | 153.85 | 146.67 | 0.11 | -21.43 | -15.38 | 15.46 | 69.89 | 34.08 | 62.47 | -17.09 | -3.15 | 414.29 | 1377.38 | 1418.18 | -300.00 | -326.53 | -328.26 | 25.63 | 26.63 | 15.14 |
| 23Q4 (17) | -0.47 | -323.81 | -46.87 | 21.79 | -10.81 | 16.21 | 0.76 | -76.54 | 3700.0 | -2.36 | -164.13 | -78.79 | -2.72 | -274.36 | -37.37 | -0.66 | -288.57 | -37.5 | -0.13 | -127.08 | -30.0 | 0.14 | 7.69 | 0.0 | 9.10 | -46.91 | -9.9 | 75.35 | 9.94 | 15.2 | -32.43 | -136.57 | 0 | 132.43 | 1069.82 | 32.43 | 20.24 | -9.32 | -1.03 |
| 23Q3 (16) | 0.21 | 118.58 | -66.67 | 24.43 | 19.75 | 15.56 | 3.24 | 268.75 | -2.7 | 3.68 | 148.23 | -15.01 | 1.56 | 119.77 | -41.79 | 0.35 | 122.15 | -55.13 | 0.48 | 171.64 | -21.31 | 0.13 | 8.33 | -23.53 | 17.14 | 166.15 | 23.67 | 68.54 | 1.42 | -4.87 | 88.68 | 258.26 | 15.97 | 11.32 | -84.75 | -51.89 | 22.32 | -4.41 | 12.67 |
| 23Q2 (15) | -1.13 | -98.25 | -276.67 | 20.40 | -6.25 | 7.09 | -1.92 | -343.04 | -1271.43 | -7.63 | -215.29 | -520.33 | -7.89 | -145.03 | -402.55 | -1.58 | -132.35 | -327.03 | -0.67 | -346.67 | -570.0 | 0.12 | -7.69 | -14.29 | 6.44 | -44.15 | -32.0 | 67.58 | 4.78 | -5.07 | 24.75 | 178.76 | 147.52 | 74.26 | -43.5 | -17.49 | 23.35 | 4.9 | 5.04 |
| 23Q1 (14) | -0.57 | -78.12 | -135.19 | 21.76 | 16.05 | -0.78 | 0.79 | 3850.0 | -88.71 | -2.42 | -83.33 | -130.44 | -3.22 | -62.63 | -149.46 | -0.68 | -41.67 | -133.83 | -0.15 | -50.0 | -112.0 | 0.13 | -7.14 | -27.78 | 11.53 | 14.16 | -27.71 | 64.50 | -1.39 | -5.98 | -31.43 | 0 | -135.49 | 131.43 | 31.43 | 990.86 | 22.26 | 8.85 | 14.04 |
| 22Q4 (13) | -0.32 | -150.79 | -123.19 | 18.75 | -11.31 | -5.97 | 0.02 | -99.4 | -99.57 | -1.32 | -130.48 | -118.57 | -1.98 | -173.88 | -136.0 | -0.48 | -161.54 | -125.4 | -0.10 | -116.39 | -108.26 | 0.14 | -17.65 | -30.0 | 10.10 | -27.13 | -31.11 | 65.41 | -9.22 | -15.5 | -0.00 | -100.0 | -100.0 | 100.00 | 325.0 | 189.09 | 20.45 | 3.23 | 8.09 |
| 22Q3 (12) | 0.63 | 310.0 | -37.62 | 21.14 | 10.97 | -4.47 | 3.33 | 2478.57 | 20.65 | 4.33 | 452.03 | -33.08 | 2.68 | 270.7 | -46.93 | 0.78 | 310.81 | -41.35 | 0.61 | 710.0 | -35.11 | 0.17 | 21.43 | 0.0 | 13.86 | 46.36 | -14.34 | 72.05 | 1.21 | 15.71 | 76.47 | 664.71 | 78.43 | 23.53 | -73.86 | -58.82 | 19.81 | -10.89 | -9.0 |
| 22Q2 (11) | -0.30 | -118.52 | -203.45 | 19.05 | -13.13 | 4.5 | -0.14 | -102.0 | 0 | -1.23 | -115.47 | -177.85 | -1.57 | -124.12 | -207.53 | -0.37 | -118.41 | -208.82 | -0.10 | -108.0 | -133.33 | 0.14 | -22.22 | -6.67 | 9.47 | -40.63 | -19.88 | 71.19 | 3.78 | 24.46 | 10.00 | -88.71 | 0 | 90.00 | 647.0 | -10.0 | 22.23 | 13.88 | -10.07 |
| 22Q1 (10) | 1.62 | 17.39 | 18.25 | 21.93 | 9.98 | -8.28 | 7.00 | 51.19 | 21.53 | 7.95 | 11.81 | -9.56 | 6.51 | 18.36 | -1.66 | 2.01 | 6.35 | 13.56 | 1.25 | 3.31 | 2.46 | 0.18 | -10.0 | 5.88 | 15.95 | 8.8 | -7.21 | 68.60 | -11.38 | 23.98 | 88.55 | 35.39 | 35.44 | 12.05 | -65.17 | -65.19 | 19.52 | 3.17 | -16.51 |
| 21Q4 (9) | 1.38 | 36.63 | -38.39 | 19.94 | -9.9 | -24.47 | 4.63 | 67.75 | -55.57 | 7.11 | 9.89 | -42.34 | 5.50 | 8.91 | -39.36 | 1.89 | 42.11 | -35.05 | 1.21 | 28.72 | -36.98 | 0.20 | 17.65 | -4.76 | 14.66 | -9.39 | -24.43 | 77.41 | 24.31 | 34.16 | 65.41 | 52.62 | -22.37 | 34.59 | -39.47 | 125.29 | 18.92 | -13.09 | -9.78 |
| 21Q3 (8) | 1.01 | 248.28 | -9.82 | 22.13 | 21.39 | -7.21 | 2.76 | 0 | -48.41 | 6.47 | 309.49 | -13.62 | 5.05 | 245.89 | -5.96 | 1.33 | 291.18 | -13.07 | 0.94 | 213.33 | -12.15 | 0.17 | 13.33 | -10.53 | 16.18 | 36.89 | 2.28 | 62.27 | 8.86 | 18.09 | 42.86 | 0 | -39.63 | 57.14 | -42.86 | 102.32 | 21.77 | -11.93 | 0 |
| 21Q2 (7) | 0.29 | -78.83 | -3.33 | 18.23 | -23.76 | 10.22 | 0.00 | -100.0 | 100.0 | 1.58 | -82.03 | -38.76 | 1.46 | -77.95 | 20.66 | 0.34 | -80.79 | 36.0 | 0.30 | -75.41 | 15.38 | 0.15 | -11.76 | 7.14 | 11.82 | -31.24 | -13.53 | 57.20 | 3.38 | 8.15 | 0.00 | -100.0 | 100.0 | 100.00 | 188.89 | -8.11 | 24.72 | 5.73 | 0 |
| 21Q1 (6) | 1.37 | -38.84 | 956.25 | 23.91 | -9.43 | 15.67 | 5.76 | -44.72 | 227.72 | 8.79 | -28.71 | 29400.0 | 6.62 | -27.01 | 907.32 | 1.77 | -39.18 | 1461.54 | 1.22 | -36.46 | 12100.0 | 0.17 | -19.05 | 54.55 | 17.19 | -11.39 | 20.97 | 55.33 | -4.11 | 22.71 | 65.38 | -22.39 | 0 | 34.62 | 125.44 | 0 | 23.38 | 11.49 | 0 |
| 20Q4 (5) | 2.24 | 100.0 | 43.59 | 26.40 | 10.69 | 2.05 | 10.42 | 94.77 | 7.2 | 12.33 | 64.62 | 41.56 | 9.07 | 68.9 | 41.28 | 2.91 | 90.2 | 47.72 | 1.92 | 79.44 | 32.41 | 0.21 | 10.53 | 5.0 | 19.40 | 22.63 | 17.29 | 57.70 | 9.43 | 11.91 | 84.25 | 18.68 | -24.68 | 15.35 | -45.64 | 229.42 | 20.97 | 0 | 0 |
| 20Q3 (4) | 1.12 | 273.33 | 0.0 | 23.85 | 44.2 | 0.0 | 5.35 | 2081.48 | 0.0 | 7.49 | 190.31 | 0.0 | 5.37 | 343.8 | 0.0 | 1.53 | 512.0 | 0.0 | 1.07 | 311.54 | 0.0 | 0.19 | 35.71 | 0.0 | 15.82 | 15.73 | 0.0 | 52.73 | -0.3 | 0.0 | 70.99 | 703.44 | 0.0 | 28.24 | -74.05 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 287.5 | 0.0 | 16.54 | -19.98 | 0.0 | -0.27 | 94.01 | 0.0 | 2.58 | 8700.0 | 0.0 | 1.21 | 247.56 | 0.0 | 0.25 | 292.31 | 0.0 | 0.26 | 2500.0 | 0.0 | 0.14 | 27.27 | 0.0 | 13.67 | -3.8 | 0.0 | 52.89 | 17.3 | 0.0 | -11.76 | 0 | 0.0 | 108.82 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.16 | -110.26 | 0.0 | 20.67 | -20.1 | 0.0 | -4.51 | -146.4 | 0.0 | -0.03 | -100.34 | 0.0 | -0.82 | -112.77 | 0.0 | -0.13 | -106.6 | 0.0 | 0.01 | -99.31 | 0.0 | 0.11 | -45.0 | 0.0 | 14.21 | -14.09 | 0.0 | 45.09 | -12.55 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.56 | 0.0 | 0.0 | 25.87 | 0.0 | 0.0 | 9.72 | 0.0 | 0.0 | 8.71 | 0.0 | 0.0 | 6.42 | 0.0 | 0.0 | 1.97 | 0.0 | 0.0 | 1.45 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 16.54 | 0.0 | 0.0 | 51.56 | 0.0 | 0.0 | 111.86 | 0.0 | 0.0 | -11.86 | 0.0 | 0.0 | 0.00 | 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) | -1.96 | 0 | 22.12 | 8.64 | 0.77 | -73.08 | 10.43 | 22.8 | -2.07 | 0 | -2.96 | 0 | -2.59 | 0 | -0.46 | 0 | 0.51 | -20.31 | 11.09 | -12.19 | 75.35 | 15.2 | -36.97 | 0 | 137.82 | 0 | 0.00 | 0 | 21.97 | 7.64 |
| 2022 (9) | 1.63 | -59.65 | 20.36 | -3.28 | 2.86 | -17.58 | 8.50 | 5.87 | 2.85 | -53.88 | 1.78 | -62.84 | 1.96 | -63.23 | 1.70 | -51.84 | 0.64 | -3.03 | 12.63 | -15.91 | 65.41 | -15.5 | 100.48 | 78.8 | -0.48 | 0 | 0.00 | 0 | 20.41 | -6.89 |
| 2021 (8) | 4.04 | 15.1 | 21.05 | -6.9 | 3.47 | -16.39 | 8.02 | -8.03 | 6.18 | -8.71 | 4.79 | 2.79 | 5.33 | 22.53 | 3.53 | 13.87 | 0.66 | 10.0 | 15.02 | -7.74 | 77.41 | 34.16 | 56.19 | -8.24 | 43.81 | 13.03 | 0.00 | 0 | 21.92 | -0.95 |
| 2020 (7) | 3.51 | -26.57 | 22.61 | -11.95 | 4.15 | -47.34 | 8.73 | 14.31 | 6.77 | -11.73 | 4.66 | -11.57 | 4.35 | -25.39 | 3.10 | -30.18 | 0.60 | -18.92 | 16.28 | -0.49 | 57.70 | 11.91 | 61.24 | -40.43 | 38.76 | 0 | 0.00 | 0 | 22.13 | 9.23 |
| 2019 (6) | 4.78 | -26.57 | 25.68 | 4.86 | 7.88 | -8.9 | 7.63 | 43.78 | 7.67 | -8.91 | 5.27 | -14.03 | 5.83 | -19.7 | 4.44 | -17.16 | 0.74 | -8.64 | 16.36 | 13.37 | 51.56 | 9.94 | 102.81 | 0.01 | -2.81 | 0 | 0.00 | 0 | 20.26 | -0.88 |
| 2018 (5) | 6.51 | -29.62 | 24.49 | -7.27 | 8.65 | -25.17 | 5.31 | -0.48 | 8.42 | -31.27 | 6.13 | -34.16 | 7.26 | -34.89 | 5.36 | -33.33 | 0.81 | -2.41 | 14.43 | -20.5 | 46.90 | 4.85 | 102.80 | 8.94 | -2.80 | 0 | 0.00 | 0 | 20.44 | -0.15 |
| 2017 (4) | 9.25 | 13.22 | 26.41 | -3.65 | 11.56 | -2.86 | 5.33 | -9.81 | 12.25 | 8.5 | 9.31 | 11.76 | 11.15 | 15.42 | 8.04 | 14.37 | 0.83 | 2.47 | 18.15 | 2.66 | 44.73 | 0.68 | 94.36 | -10.43 | 5.64 | 0 | 0.00 | 0 | 20.47 | 9.12 |
| 2016 (3) | 8.17 | -9.62 | 27.41 | 14.73 | 11.90 | 6.63 | 5.91 | 13.74 | 11.29 | -6.31 | 8.33 | -8.56 | 9.66 | -18.34 | 7.03 | -18.16 | 0.81 | -11.96 | 17.68 | 0.45 | 44.43 | 8.66 | 105.36 | 13.8 | -5.36 | 0 | 0.00 | 0 | 18.76 | 2.29 |
| 2015 (2) | 9.04 | 16.2 | 23.89 | 4.83 | 11.16 | 3.43 | 5.20 | 15.92 | 12.05 | 13.89 | 9.11 | 20.82 | 11.83 | 2.16 | 8.59 | 11.41 | 0.92 | -7.07 | 17.60 | 13.7 | 40.89 | -0.24 | 92.58 | -9.26 | 7.42 | 0 | 0.00 | 0 | 18.34 | 10.68 |
| 2014 (1) | 7.78 | 32.54 | 22.79 | 0 | 10.79 | 0 | 4.49 | -6.27 | 10.58 | 0 | 7.54 | 0 | 11.58 | 0 | 7.71 | 0 | 0.99 | 0.0 | 15.48 | 13.99 | 40.99 | -44.33 | 102.02 | 21.91 | -1.91 | 0 | 0.00 | 0 | 16.57 | -5.21 |
