- 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) | 0.57 | 307.14 | 1800.0 | 10.70 | 0.0 | 25.15 | 1.96 | -18.33 | 317.02 | 13.83 | 294.02 | 1217.14 | 13.58 | 327.04 | 1840.0 | 2.08 | 324.49 | 2211.11 | 1.63 | 246.81 | 918.75 | 0.11 | 0.0 | 10.0 | 19.80 | 116.87 | 176.15 | 36.29 | -0.41 | 8.26 | 14.17 | -79.25 | -68.74 | 85.83 | 170.62 | 57.01 | 11.87 | 7.03 | 4.21 |
| 24Q2 (19) | 0.14 | 27.27 | -50.0 | 10.70 | 0.0 | 38.6 | 2.40 | -5.51 | 1143.48 | 3.51 | 1.74 | -50.07 | 3.18 | 27.2 | -50.7 | 0.49 | 44.12 | -41.67 | 0.47 | 30.56 | -32.86 | 0.11 | 10.0 | 10.0 | 9.13 | -4.9 | -29.93 | 36.44 | 1.9 | 0.61 | 68.28 | -7.33 | 2140.47 | 31.72 | 20.52 | -69.31 | 11.09 | -7.04 | -3.4 |
| 24Q1 (18) | 0.11 | 222.22 | 120.0 | 10.70 | 23.99 | 2.0 | 2.54 | 316.39 | -13.31 | 3.45 | 244.35 | 115.62 | 2.50 | 205.49 | 133.64 | 0.34 | 221.43 | 126.67 | 0.36 | 427.27 | 80.0 | 0.10 | 11.11 | 0.0 | 9.60 | 134.72 | 31.87 | 35.76 | 12.28 | -5.47 | 73.68 | 385.53 | -59.54 | 26.32 | -79.08 | 132.05 | 11.93 | -1.4 | 4.74 |
| 23Q4 (17) | -0.09 | -400.0 | -164.29 | 8.63 | 0.94 | -25.02 | 0.61 | 29.79 | -85.61 | -2.39 | -327.62 | -174.45 | -2.37 | -438.57 | -181.16 | -0.28 | -411.11 | -170.0 | -0.11 | -168.75 | -128.95 | 0.09 | -10.0 | -10.0 | 4.09 | -42.96 | -53.36 | 31.85 | -4.98 | -9.57 | -25.81 | -156.93 | -119.55 | 125.81 | 130.13 | 488.29 | 12.10 | 6.23 | 3.33 |
| 23Q3 (16) | 0.03 | -89.29 | -91.43 | 8.55 | 10.75 | -13.72 | 0.47 | 304.35 | -84.39 | 1.05 | -85.06 | -86.81 | 0.70 | -89.15 | -89.55 | 0.09 | -89.29 | -90.82 | 0.16 | -77.14 | -79.75 | 0.10 | 0.0 | -9.09 | 7.17 | -44.97 | -43.23 | 33.52 | -7.45 | -3.6 | 45.33 | 1454.67 | 19.69 | 54.67 | -47.1 | -12.0 | 11.39 | -0.78 | 13.56 |
| 23Q2 (15) | 0.28 | 460.0 | -76.86 | 7.72 | -26.41 | -27.03 | -0.23 | -107.85 | -106.91 | 7.03 | 339.38 | -68.99 | 6.45 | 502.8 | -70.57 | 0.84 | 460.0 | -74.39 | 0.70 | 250.0 | -71.89 | 0.10 | 0.0 | -9.09 | 13.03 | 78.98 | -51.47 | 36.22 | -4.26 | 0.92 | -3.35 | -101.84 | -122.71 | 103.35 | 225.86 | 21.2 | 11.48 | 0.79 | 15.96 |
| 23Q1 (14) | 0.05 | -64.29 | -84.85 | 10.49 | -8.86 | -8.78 | 2.93 | -30.9 | -28.71 | 1.60 | -50.16 | -78.26 | 1.07 | -63.36 | -82.88 | 0.15 | -62.5 | -83.15 | 0.20 | -47.37 | -72.22 | 0.10 | 0.0 | -9.09 | 7.28 | -16.99 | -36.81 | 37.83 | 7.41 | 20.71 | 182.11 | 37.97 | 225.52 | -82.11 | -153.44 | -286.39 | 11.39 | -2.73 | 15.05 |
| 22Q4 (13) | 0.14 | -60.0 | -33.33 | 11.51 | 16.15 | 3.79 | 4.24 | 40.86 | 16.48 | 3.21 | -59.67 | -35.93 | 2.92 | -56.42 | -30.97 | 0.40 | -59.18 | -29.82 | 0.38 | -51.9 | -20.83 | 0.10 | -9.09 | 0.0 | 8.77 | -30.56 | -8.17 | 35.22 | 1.29 | 14.8 | 132.00 | 248.5 | 81.88 | -32.40 | -152.15 | -218.15 | 11.71 | 16.75 | 11.95 |
| 22Q3 (12) | 0.35 | -71.07 | -12.5 | 9.91 | -6.33 | -19.63 | 3.01 | -9.61 | -16.62 | 7.96 | -64.89 | -16.21 | 6.70 | -69.43 | -23.6 | 0.98 | -70.12 | -4.85 | 0.79 | -68.27 | -4.82 | 0.11 | 0.0 | 22.22 | 12.63 | -52.96 | -12.35 | 34.77 | -3.12 | 19.73 | 37.88 | 157.07 | -0.47 | 62.12 | -27.14 | 0.29 | 10.03 | 1.31 | -10.04 |
| 22Q2 (11) | 1.21 | 266.67 | 266.67 | 10.58 | -8.0 | -24.75 | 3.33 | -18.98 | -45.68 | 22.67 | 208.02 | 222.93 | 21.92 | 250.72 | 244.65 | 3.28 | 268.54 | 281.4 | 2.49 | 245.83 | 255.71 | 0.11 | 0.0 | 10.0 | 26.85 | 133.07 | 135.11 | 35.89 | 14.52 | 18.76 | 14.73 | -73.66 | -83.11 | 85.27 | 93.55 | 568.84 | 9.90 | 0.0 | -2.65 |
| 22Q1 (10) | 0.33 | 57.14 | -2.94 | 11.50 | 3.7 | -13.99 | 4.11 | 12.91 | -24.03 | 7.36 | 46.91 | -6.24 | 6.25 | 47.75 | -11.1 | 0.89 | 56.14 | -4.3 | 0.72 | 50.0 | -4.0 | 0.11 | 10.0 | 10.0 | 11.52 | 20.63 | -6.72 | 31.34 | 2.15 | 8.11 | 55.95 | -22.92 | -18.99 | 44.05 | 60.65 | 41.68 | 9.90 | -5.35 | -6.52 |
| 21Q4 (9) | 0.21 | -47.5 | 16.67 | 11.09 | -10.06 | -3.48 | 3.64 | 0.83 | 12.0 | 5.01 | -47.26 | 0.8 | 4.23 | -51.77 | -1.17 | 0.57 | -44.66 | 7.55 | 0.48 | -42.17 | 6.67 | 0.10 | 11.11 | 11.11 | 9.55 | -33.73 | -7.91 | 30.68 | 5.65 | 4.92 | 72.58 | 90.71 | 11.37 | 27.42 | -55.73 | -20.63 | 10.46 | -6.19 | -1.78 |
| 21Q3 (8) | 0.40 | 21.21 | 344.44 | 12.33 | -12.3 | 59.92 | 3.61 | -41.11 | 400.83 | 9.50 | 35.33 | 331.82 | 8.77 | 37.89 | 281.3 | 1.03 | 19.77 | 267.86 | 0.83 | 18.57 | 277.27 | 0.09 | -10.0 | 0.0 | 14.41 | 26.18 | 88.61 | 29.04 | -3.9 | -13.57 | 38.06 | -56.38 | 169.85 | 61.94 | 385.9 | -59.9 | 11.15 | 9.64 | -1.85 |
| 21Q2 (7) | 0.33 | -2.94 | -56.58 | 14.06 | 5.16 | 35.98 | 6.13 | 13.31 | 675.95 | 7.02 | -10.57 | -65.55 | 6.36 | -9.53 | -68.06 | 0.86 | -7.53 | -61.78 | 0.70 | -6.67 | -60.23 | 0.10 | 0.0 | 11.11 | 11.42 | -7.53 | -56.36 | 30.22 | 4.24 | -13.85 | 87.25 | 26.34 | 2146.3 | 12.75 | -59.0 | -86.74 | 10.17 | -3.97 | 0 |
| 21Q1 (6) | 0.34 | 88.89 | 61.9 | 13.37 | 16.36 | 13.02 | 5.41 | 66.46 | 24.94 | 7.85 | 57.95 | 50.38 | 7.03 | 64.25 | 70.63 | 0.93 | 75.47 | 60.34 | 0.75 | 66.67 | 44.23 | 0.10 | 11.11 | -9.09 | 12.35 | 19.09 | 26.15 | 28.99 | -0.85 | 1.76 | 69.06 | 5.98 | -16.83 | 31.09 | -10.01 | 83.29 | 10.59 | -0.56 | -0.84 |
| 20Q4 (5) | 0.18 | 100.0 | -84.35 | 11.49 | 49.03 | 125.35 | 3.25 | 370.83 | 104.08 | 4.97 | 125.91 | -90.31 | 4.28 | 86.09 | -97.24 | 0.53 | 89.29 | -58.91 | 0.45 | 104.55 | -57.14 | 0.09 | 0.0 | 350.0 | 10.37 | 35.73 | -90.69 | 29.24 | -12.98 | 13.55 | 65.17 | 219.61 | 141.99 | 34.55 | -77.63 | -86.46 | 10.65 | -6.25 | -88.92 |
| 20Q3 (4) | 0.09 | -88.16 | 0.0 | 7.71 | -25.44 | 0.0 | -1.20 | -251.9 | 0.0 | 2.20 | -89.21 | 0.0 | 2.30 | -88.45 | 0.0 | 0.28 | -87.56 | 0.0 | 0.22 | -87.5 | 0.0 | 0.09 | 0.0 | 0.0 | 7.64 | -70.81 | 0.0 | 33.60 | -4.22 | 0.0 | -54.48 | -1502.66 | 0.0 | 154.48 | 60.73 | 0.0 | 11.36 | 0 | 0.0 |
| 20Q2 (3) | 0.76 | 261.9 | 0.0 | 10.34 | -12.6 | 0.0 | 0.79 | -81.76 | 0.0 | 20.38 | 290.42 | 0.0 | 19.91 | 383.25 | 0.0 | 2.25 | 287.93 | 0.0 | 1.76 | 238.46 | 0.0 | 0.09 | -18.18 | 0.0 | 26.17 | 167.31 | 0.0 | 35.08 | 23.13 | 0.0 | 3.88 | -95.32 | 0.0 | 96.12 | 466.58 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.21 | -81.74 | 0.0 | 11.83 | 126.1 | 0.0 | 4.33 | 105.44 | 0.0 | 5.22 | -89.82 | 0.0 | 4.12 | -97.34 | 0.0 | 0.58 | -55.04 | 0.0 | 0.52 | -50.48 | 0.0 | 0.11 | 450.0 | 0.0 | 9.79 | -91.21 | 0.0 | 28.49 | 10.64 | 0.0 | 83.04 | 153.5 | 0.0 | 16.96 | -93.35 | 0.0 | 10.68 | -88.89 | 0.0 |
| 19Q4 (1) | 1.15 | 0.0 | 0.0 | -45.33 | 0.0 | 0.0 | -79.57 | 0.0 | 0.0 | 51.28 | 0.0 | 0.0 | 155.01 | 0.0 | 0.0 | 1.29 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 111.41 | 0.0 | 0.0 | 25.75 | 0.0 | 0.0 | -155.20 | 0.0 | 0.0 | 255.20 | 0.0 | 0.0 | 96.12 | 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) | 0.26 | -87.13 | 8.88 | -18.16 | 0.98 | -73.22 | 4.83 | 21.65 | 1.93 | -81.91 | 1.56 | -84.1 | 0.81 | -85.96 | 0.98 | -78.56 | 0.39 | -11.36 | 7.99 | -47.71 | 31.85 | -9.57 | 51.00 | 48.82 | 49.00 | -25.45 | 0.00 | 0 | 11.57 | 11.9 |
| 2022 (9) | 2.02 | 59.06 | 10.85 | -14.7 | 3.66 | -22.62 | 3.97 | -3.15 | 10.67 | 46.57 | 9.81 | 50.23 | 5.77 | 66.76 | 4.57 | 62.06 | 0.44 | 7.32 | 15.28 | 28.84 | 35.22 | 14.8 | 34.27 | -47.23 | 65.73 | 87.46 | 0.00 | 0 | 10.34 | -2.27 |
| 2021 (8) | 1.27 | 1.6 | 12.72 | 21.49 | 4.73 | 136.5 | 4.10 | -11.98 | 7.28 | -7.38 | 6.53 | -10.3 | 3.46 | 3.9 | 2.82 | 1.44 | 0.41 | 13.89 | 11.86 | -9.53 | 30.68 | 4.92 | 64.94 | 155.12 | 35.06 | -52.93 | 0.00 | 0 | 10.58 | -6.21 |
| 2020 (7) | 1.25 | -59.42 | 10.47 | 3.15 | 2.00 | -31.27 | 4.66 | -39.69 | 7.86 | -44.22 | 7.28 | -54.24 | 3.33 | -49.92 | 2.78 | -49.64 | 0.36 | -14.29 | 13.11 | -42.37 | 29.24 | 13.55 | 25.45 | 23.25 | 74.50 | -6.11 | 0.00 | 0 | 11.28 | 11.79 |
| 2019 (6) | 3.08 | 9.22 | 10.15 | -14.42 | 2.91 | -47.28 | 7.72 | 47.05 | 14.09 | -0.07 | 15.91 | 33.25 | 6.65 | -7.38 | 5.52 | -5.64 | 0.42 | -10.64 | 22.75 | 14.73 | 25.75 | 6.89 | 20.65 | -47.26 | 79.35 | 30.38 | 0.00 | 0 | 10.09 | -8.77 |
| 2018 (5) | 2.82 | 11.02 | 11.86 | -6.02 | 5.52 | -8.76 | 5.25 | -1.82 | 14.10 | 8.8 | 11.94 | 2.14 | 7.18 | 8.13 | 5.85 | 11.22 | 0.47 | 6.82 | 19.83 | 5.65 | 24.09 | -18.09 | 39.16 | -16.06 | 60.86 | 14.07 | 0.00 | 0 | 11.06 | -8.67 |
| 2017 (4) | 2.54 | 22.71 | 12.62 | -8.48 | 6.05 | -13.07 | 5.35 | -19.27 | 12.96 | 15.41 | 11.69 | 21.27 | 6.64 | 9.21 | 5.26 | 13.61 | 0.44 | -4.35 | 18.77 | 2.57 | 29.41 | -4.98 | 46.65 | -24.7 | 53.35 | 40.2 | 0.00 | 0 | 12.11 | -2.57 |
| 2016 (3) | 2.07 | 23.21 | 13.79 | -3.7 | 6.96 | -10.42 | 6.63 | -0.58 | 11.23 | 28.05 | 9.64 | 28.19 | 6.08 | 2.18 | 4.63 | 6.19 | 0.46 | -16.36 | 18.30 | 15.24 | 30.95 | -27.65 | 61.94 | -30.1 | 38.06 | 233.63 | 0.00 | 0 | 12.43 | 9.61 |
| 2015 (2) | 1.68 | -19.62 | 14.32 | 20.24 | 7.77 | 29.28 | 6.67 | -4.59 | 8.77 | 1.27 | 7.52 | -5.17 | 5.95 | -17.13 | 4.36 | -17.27 | 0.55 | -14.06 | 15.88 | -1.24 | 42.78 | -1.47 | 88.62 | 27.62 | 11.41 | -62.68 | 0.00 | 0 | 11.34 | 14.78 |
| 2014 (1) | 2.09 | 64.57 | 11.91 | 0 | 6.01 | 0 | 6.99 | -16.7 | 8.66 | 0 | 7.93 | 0 | 7.18 | 0 | 5.27 | 0 | 0.64 | 3.23 | 16.08 | 11.28 | 43.42 | 5.03 | 69.44 | -8.47 | 30.56 | 26.62 | 0.00 | 0 | 9.88 | 5.78 |
