- 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) | 0.10 | 0.0 | -16.67 | 36.98 | 22.09 | 37.37 | 14.61 | 5117.86 | 325.12 | 13.83 | -2.95 | -26.94 | 9.50 | -15.18 | -29.21 | 0.56 | 1.82 | -15.15 | 0.48 | 4.35 | -11.11 | 0.05 | 25.0 | 25.0 | 22.73 | -12.34 | -21.86 | 19.43 | -6.04 | 1.99 | 111.11 | 0 | 377.78 | -11.11 | -111.11 | -107.94 | 26.58 | -20.75 | -16.96 |
| 24Q2 (19) | 0.10 | -54.55 | 0.0 | 30.29 | -8.43 | -0.75 | 0.28 | -94.34 | 104.75 | 14.25 | -55.29 | 8.45 | 11.20 | -57.28 | 1.82 | 0.55 | -57.36 | -1.79 | 0.46 | -57.41 | 0.0 | 0.04 | 0.0 | 0.0 | 25.93 | -38.0 | 5.58 | 20.68 | -4.96 | -12.41 | 0.00 | -100.0 | 100.0 | 100.00 | 13.33 | -36.36 | 33.54 | 0.3 | -8.98 |
| 24Q1 (18) | 0.22 | 375.0 | 144.44 | 33.08 | 0.12 | 88.06 | 4.95 | -12.7 | 124.96 | 31.87 | 662.08 | 123.96 | 26.22 | 342.11 | 154.56 | 1.29 | 334.55 | 163.27 | 1.08 | 340.0 | 163.41 | 0.04 | 0.0 | 0.0 | 41.82 | 680.22 | 61.28 | 21.76 | 10.74 | -6.37 | 17.65 | 117.65 | 112.83 | 88.24 | -55.88 | -60.78 | 33.44 | 971.79 | -42.97 |
| 23Q4 (17) | -0.08 | -166.67 | -129.63 | 33.04 | 22.73 | -15.74 | 5.67 | 187.37 | -77.42 | -5.67 | -129.95 | -127.62 | -10.83 | -180.7 | -169.2 | -0.55 | -183.33 | -138.73 | -0.45 | -183.33 | -138.14 | 0.04 | 0.0 | -50.0 | 5.36 | -81.57 | -80.09 | 19.65 | 3.15 | 1.39 | -100.00 | -150.0 | -180.77 | 200.00 | 42.86 | 940.0 | 3.12 | -90.25 | -85.23 |
| 23Q3 (16) | 0.12 | 20.0 | -52.0 | 26.92 | -11.8 | -13.94 | -6.49 | -10.0 | -276.84 | 18.93 | 44.06 | -10.5 | 13.42 | 22.0 | -25.49 | 0.66 | 17.86 | -54.17 | 0.54 | 17.39 | -53.45 | 0.04 | 0.0 | -33.33 | 29.09 | 18.44 | 4.72 | 19.05 | -19.31 | -5.79 | -40.00 | 6.67 | -353.33 | 140.00 | -10.91 | 66.25 | 32.01 | -13.13 | 13.23 |
| 23Q2 (15) | 0.10 | 11.11 | -58.33 | 30.52 | 73.51 | -9.92 | -5.90 | 70.25 | -152.68 | 13.14 | -7.66 | -20.46 | 11.00 | 6.8 | -15.32 | 0.56 | 14.29 | -58.21 | 0.46 | 12.2 | -55.34 | 0.04 | 0.0 | -50.0 | 24.56 | -5.28 | 11.99 | 23.61 | 1.59 | -19.61 | -42.86 | 68.83 | -162.64 | 157.14 | -30.16 | 397.62 | 36.85 | -37.16 | 45.31 |
| 23Q1 (14) | 0.09 | -66.67 | -30.77 | 17.59 | -55.14 | -39.11 | -19.83 | -178.97 | -560.09 | 14.23 | -30.69 | 26.38 | 10.30 | -34.19 | 4.36 | 0.49 | -65.49 | -35.53 | 0.41 | -65.25 | -32.79 | 0.04 | -50.0 | -33.33 | 25.93 | -3.68 | 42.63 | 23.24 | 19.92 | -21.72 | -137.50 | -211.06 | -443.75 | 225.00 | 1045.0 | 275.0 | 58.64 | 177.52 | 80.88 |
| 22Q4 (13) | 0.27 | 8.0 | -15.62 | 39.21 | 25.35 | -1.46 | 25.11 | 584.2 | 10.47 | 20.53 | -2.93 | -12.34 | 15.65 | -13.1 | -16.0 | 1.42 | -1.39 | -23.24 | 1.18 | 1.72 | -22.88 | 0.08 | 33.33 | 0.0 | 26.92 | -3.1 | -8.15 | 19.38 | -4.15 | -5.6 | 123.81 | 684.13 | 28.57 | -23.81 | -128.27 | -742.86 | 21.13 | -25.26 | -4.91 |
| 22Q3 (12) | 0.25 | 4.17 | -24.24 | 31.28 | -7.67 | -12.89 | 3.67 | -67.23 | -82.67 | 21.15 | 28.03 | -8.88 | 18.01 | 38.65 | -3.22 | 1.44 | 7.46 | -26.9 | 1.16 | 12.62 | -26.58 | 0.06 | -25.0 | -25.0 | 27.78 | 26.68 | -3.17 | 20.22 | -31.15 | -8.88 | 15.79 | -76.92 | -83.0 | 84.21 | 166.67 | 1078.95 | 28.27 | 11.47 | -0.6 |
| 22Q2 (11) | 0.24 | 84.62 | -36.84 | 33.88 | 17.27 | -16.94 | 11.20 | 159.86 | -58.19 | 16.52 | 46.71 | -31.88 | 12.99 | 31.61 | -32.69 | 1.34 | 76.32 | -39.09 | 1.03 | 68.85 | -41.81 | 0.08 | 33.33 | -11.11 | 21.93 | 20.63 | -24.41 | 29.37 | -1.08 | 8.22 | 68.42 | 71.05 | -37.44 | 31.58 | -47.37 | 436.84 | 25.36 | -21.78 | 4.84 |
| 22Q1 (10) | 0.13 | -59.38 | -50.0 | 28.89 | -27.39 | -20.91 | 4.31 | -81.04 | -78.53 | 11.26 | -51.92 | -45.68 | 9.87 | -47.02 | -40.22 | 0.76 | -58.92 | -51.28 | 0.61 | -60.13 | -52.34 | 0.06 | -25.0 | -25.0 | 18.18 | -37.97 | -32.29 | 29.69 | 44.62 | 39.85 | 40.00 | -58.46 | -60.0 | 60.00 | 1520.0 | 1220.0 | 32.42 | 45.9 | 16.87 |
| 21Q4 (9) | 0.32 | -3.03 | 14.29 | 39.79 | 10.8 | 2.47 | 22.73 | 7.32 | -10.76 | 23.42 | 0.9 | 6.75 | 18.63 | 0.11 | 11.62 | 1.85 | -6.09 | 10.12 | 1.53 | -3.16 | 10.87 | 0.08 | 0.0 | 0.0 | 29.31 | 2.16 | 3.5 | 20.53 | -7.48 | -6.08 | 96.30 | 3.7 | -16.99 | 3.70 | -48.15 | 123.15 | 22.22 | -21.87 | 3.64 |
| 21Q3 (8) | 0.33 | -13.16 | 50.0 | 35.91 | -11.96 | -0.28 | 21.18 | -20.94 | 3.07 | 23.21 | -4.29 | 24.25 | 18.61 | -3.58 | 30.23 | 1.97 | -10.45 | 48.12 | 1.58 | -10.73 | 47.66 | 0.08 | -11.11 | 14.29 | 28.69 | -1.1 | 13.67 | 22.19 | -18.24 | 3.31 | 92.86 | -15.1 | -15.99 | 7.14 | 176.19 | 167.86 | 28.44 | 17.57 | 5.61 |
| 21Q2 (7) | 0.38 | 46.15 | 100.0 | 40.79 | 11.66 | 16.91 | 26.79 | 33.48 | 36.61 | 24.25 | 16.98 | 53.97 | 19.30 | 16.9 | 63.56 | 2.20 | 41.03 | 100.0 | 1.77 | 38.28 | 105.81 | 0.09 | 12.5 | 28.57 | 29.01 | 8.04 | 28.65 | 27.14 | 27.84 | -5.27 | 109.38 | 9.38 | -12.5 | -9.38 | -306.25 | 62.5 | 24.19 | -12.8 | 0 |
| 21Q1 (6) | 0.26 | -7.14 | 0.0 | 36.53 | -5.92 | 2.27 | 20.07 | -21.2 | 12.69 | 20.73 | -5.52 | -2.12 | 16.51 | -1.08 | -4.4 | 1.56 | -7.14 | 3.31 | 1.28 | -7.25 | 4.92 | 0.08 | 0.0 | 14.29 | 26.85 | -5.19 | -7.0 | 21.23 | -2.88 | -22.57 | 100.00 | -13.79 | 23.53 | 4.55 | 128.41 | -68.18 | 27.74 | 29.38 | 0 |
| 20Q4 (5) | 0.28 | 27.27 | 75.0 | 38.83 | 7.83 | -0.49 | 25.47 | 23.94 | 9.97 | 21.94 | 17.45 | 36.02 | 16.69 | 16.79 | 49.28 | 1.68 | 26.32 | 71.43 | 1.38 | 28.97 | 74.68 | 0.08 | 14.29 | 14.29 | 28.32 | 12.2 | 13.28 | 21.86 | 1.77 | 7.53 | 116.00 | 4.95 | -19.3 | -16.00 | -52.0 | 63.43 | 21.44 | -20.39 | -18.45 |
| 20Q3 (4) | 0.22 | 15.79 | 0.0 | 36.01 | 3.21 | 0.0 | 20.55 | 4.79 | 0.0 | 18.68 | 18.6 | 0.0 | 14.29 | 21.1 | 0.0 | 1.33 | 20.91 | 0.0 | 1.07 | 24.42 | 0.0 | 0.07 | 0.0 | 0.0 | 25.24 | 11.93 | 0.0 | 21.48 | -25.03 | 0.0 | 110.53 | -11.58 | 0.0 | -10.53 | 57.89 | 0.0 | 26.93 | 0 | 0.0 |
| 20Q2 (3) | 0.19 | -26.92 | 0.0 | 34.89 | -2.32 | 0.0 | 19.61 | 10.11 | 0.0 | 15.75 | -25.64 | 0.0 | 11.80 | -31.67 | 0.0 | 1.10 | -27.15 | 0.0 | 0.86 | -29.51 | 0.0 | 0.07 | 0.0 | 0.0 | 22.55 | -21.89 | 0.0 | 28.65 | 4.49 | 0.0 | 125.00 | 54.41 | 0.0 | -25.00 | -275.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.26 | 62.5 | 0.0 | 35.72 | -8.46 | 0.0 | 17.81 | -23.1 | 0.0 | 21.18 | 31.31 | 0.0 | 17.27 | 54.47 | 0.0 | 1.51 | 54.08 | 0.0 | 1.22 | 54.43 | 0.0 | 0.07 | 0.0 | 0.0 | 28.87 | 15.48 | 0.0 | 27.42 | 34.87 | 0.0 | 80.95 | -43.69 | 0.0 | 14.29 | 132.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 39.02 | 0.0 | 0.0 | 23.16 | 0.0 | 0.0 | 16.13 | 0.0 | 0.0 | 11.18 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 20.33 | 0.0 | 0.0 | 143.75 | 0.0 | 0.0 | -43.75 | 0.0 | 0.0 | 26.29 | 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) | 0.24 | -73.33 | 27.11 | -19.24 | -6.52 | 0 | 10.81 | 64.66 | 10.08 | -42.23 | 5.90 | -58.27 | 1.16 | -75.83 | 0.98 | -75.5 | 0.16 | -42.86 | 21.17 | -11.75 | 19.65 | 1.39 | -63.64 | 0 | 168.18 | 404.55 | 0.00 | 0 | 32.44 | 22.46 |
| 2022 (9) | 0.90 | -30.23 | 33.57 | -12.44 | 11.59 | -49.28 | 6.57 | 20.45 | 17.45 | -24.06 | 14.14 | -22.86 | 4.80 | -36.34 | 4.00 | -35.79 | 0.28 | -17.65 | 23.99 | -15.85 | 19.38 | -5.6 | 66.67 | -32.72 | 33.33 | 3566.67 | 0.00 | 0 | 26.49 | 3.48 |
| 2021 (8) | 1.29 | 35.79 | 38.34 | 5.24 | 22.85 | 8.71 | 5.45 | -19.02 | 22.98 | 18.27 | 18.33 | 21.96 | 7.54 | 37.34 | 6.23 | 37.22 | 0.34 | 13.33 | 28.51 | 8.82 | 20.53 | -6.08 | 99.09 | -7.74 | 0.91 | 0 | 0.00 | 0 | 25.60 | -4.23 |
| 2020 (7) | 0.95 | 1.06 | 36.43 | 1.08 | 21.02 | 10.52 | 6.73 | -29.5 | 19.43 | -6.63 | 15.03 | -9.73 | 5.49 | -0.72 | 4.54 | -0.87 | 0.30 | 11.11 | 26.20 | -13.82 | 21.86 | 7.53 | 107.41 | 17.3 | -8.64 | 0 | 0.00 | 0 | 26.73 | -8.96 |
| 2019 (6) | 0.94 | -34.72 | 36.04 | -6.49 | 19.02 | -19.37 | 9.55 | 17.83 | 20.81 | -22.9 | 16.65 | -24.35 | 5.53 | -37.51 | 4.58 | -37.26 | 0.27 | -18.18 | 30.40 | -13.59 | 20.33 | -4.51 | 91.57 | 5.42 | 8.43 | -32.03 | 0.00 | 0 | 29.36 | 8.14 |
| 2018 (5) | 1.44 | 12.5 | 38.54 | 2.07 | 23.59 | 2.03 | 8.10 | -6.11 | 26.99 | 15.24 | 22.01 | 15.05 | 8.85 | 9.67 | 7.30 | 9.94 | 0.33 | -5.71 | 35.18 | 9.66 | 21.29 | -0.65 | 86.86 | -11.73 | 12.41 | 675.55 | 0.00 | 0 | 27.15 | 2.22 |
| 2017 (4) | 1.28 | -21.47 | 37.76 | -2.2 | 23.12 | -8.36 | 8.63 | 1.53 | 23.42 | -10.41 | 19.13 | -11.44 | 8.07 | -21.8 | 6.64 | -21.33 | 0.35 | -10.26 | 32.08 | -7.9 | 21.43 | -1.92 | 98.40 | 2.31 | 1.60 | -49.76 | 0.00 | 0 | 26.56 | 5.19 |
| 2016 (3) | 1.63 | -0.61 | 38.61 | 5.18 | 25.23 | 11.0 | 8.50 | -7.67 | 26.14 | 7.31 | 21.60 | 5.78 | 10.32 | -1.43 | 8.44 | -0.59 | 0.39 | -7.14 | 34.83 | 4.0 | 21.85 | -5.21 | 96.18 | 3.58 | 3.18 | -50.96 | 0.00 | 0 | 25.25 | 2.43 |
| 2015 (2) | 1.64 | 35.54 | 36.71 | 16.95 | 22.73 | 16.8 | 9.21 | -23.72 | 24.36 | 14.74 | 20.42 | 16.62 | 10.47 | 21.18 | 8.49 | 20.43 | 0.42 | 5.0 | 33.49 | 0.78 | 23.05 | -3.19 | 92.86 | 1.09 | 6.49 | -20.31 | 0.00 | 0 | 24.65 | 5.79 |
| 2014 (1) | 1.21 | 12.04 | 31.39 | 0 | 19.46 | 0 | 12.07 | -10.15 | 21.23 | 0 | 17.51 | 0 | 8.64 | 0 | 7.05 | 0 | 0.40 | 11.11 | 33.23 | 3.29 | 23.81 | 8.82 | 91.85 | -0.2 | 8.15 | 2.3 | 0.00 | 0 | 23.30 | -2.31 |
