- 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) | -0.38 | -240.74 | -272.73 | 5.15 | -7.54 | 7.29 | -36.97 | -1072.89 | -1516.48 | -36.41 | -797.51 | -816.73 | -29.13 | -798.56 | -817.49 | -3.12 | -239.91 | -265.08 | -3.08 | -240.64 | -266.49 | 0.11 | -78.85 | -75.56 | -35.29 | -783.91 | -773.47 | 1.12 | -40.74 | 25.84 | 105.56 | 37.22 | 132.22 | -0.00 | -100.0 | -100.0 | 4.11 | 218.6 | 216.15 |
| 24Q2 (19) | 0.27 | -41.3 | 1000.0 | 5.57 | 6.7 | 20.56 | 3.80 | 8.26 | 172.11 | 5.22 | -32.3 | 254.9 | 4.17 | -32.41 | 255.02 | 2.23 | -42.97 | 1029.17 | 2.19 | -41.76 | 1052.17 | 0.52 | -14.75 | 477.78 | 5.16 | -34.68 | 306.4 | 1.89 | 45.38 | -54.01 | 76.92 | 69.23 | -61.54 | 30.77 | -43.59 | 130.77 | 1.29 | 1.57 | -76.76 |
| 24Q1 (18) | 0.46 | 483.33 | 58.62 | 5.22 | 9.21 | 5.67 | 3.51 | 18.58 | -9.3 | 7.71 | 392.05 | 127.43 | 6.17 | 391.04 | 126.84 | 3.91 | 479.61 | 71.49 | 3.76 | 483.67 | 105.46 | 0.61 | 29.79 | -8.96 | 7.90 | 389.38 | 133.04 | 1.30 | -82.41 | -64.86 | 45.45 | 138.96 | -60.61 | 54.55 | -72.73 | 454.55 | 1.27 | 7.63 | 89.55 |
| 23Q4 (17) | -0.12 | -154.55 | -136.36 | 4.78 | -0.42 | -8.25 | 2.96 | 13.41 | -32.73 | -2.64 | -151.97 | -158.8 | -2.12 | -152.22 | -159.05 | -1.03 | -154.5 | -138.58 | -0.98 | -152.97 | -149.25 | 0.47 | 4.44 | -14.55 | -2.73 | -152.1 | -160.26 | 7.39 | 730.34 | -85.15 | -116.67 | -356.67 | -216.67 | 200.00 | 340.0 | 0 | 1.18 | -9.23 | 202.56 |
| 23Q3 (16) | 0.22 | 833.33 | -45.0 | 4.80 | 3.9 | -7.69 | 2.61 | 149.53 | -35.4 | 5.08 | 250.74 | 19.25 | 4.06 | 250.93 | 17.68 | 1.89 | 887.5 | -43.24 | 1.85 | 904.35 | -34.4 | 0.45 | 400.0 | -44.44 | 5.24 | 309.6 | 21.3 | 0.89 | -78.35 | -95.09 | 45.45 | -77.27 | -51.87 | 45.45 | 145.45 | 718.18 | 1.30 | -76.58 | 100.0 |
| 23Q2 (15) | -0.03 | -110.34 | -125.0 | 4.62 | -6.48 | -4.74 | -5.27 | -236.18 | -305.86 | -3.37 | -199.41 | -234.26 | -2.69 | -198.9 | -233.83 | -0.24 | -110.53 | -124.74 | -0.23 | -112.57 | -131.08 | 0.09 | -86.57 | -75.0 | -2.50 | -173.75 | -189.93 | 4.11 | 11.08 | -79.87 | 200.00 | 73.33 | 66.67 | -100.00 | -550.0 | 0 | 5.55 | 728.36 | 337.01 |
| 23Q1 (14) | 0.29 | -12.12 | -42.0 | 4.94 | -5.18 | 3.13 | 3.87 | -12.05 | -3.97 | 3.39 | -24.5 | -18.51 | 2.72 | -24.23 | -18.32 | 2.28 | -14.61 | -40.78 | 1.83 | -8.04 | -39.0 | 0.67 | 21.82 | -25.56 | 3.39 | -25.17 | -17.11 | 3.70 | -92.56 | -91.48 | 115.38 | 15.38 | 15.38 | -15.38 | 0 | -438.46 | 0.67 | 71.79 | 67.5 |
| 22Q4 (13) | 0.33 | -17.5 | -61.18 | 5.21 | 0.19 | -5.1 | 4.40 | 8.91 | 13.11 | 4.49 | 5.4 | -58.46 | 3.59 | 4.06 | -58.78 | 2.67 | -19.82 | -61.25 | 1.99 | -29.43 | -66.5 | 0.55 | -32.1 | -19.12 | 4.53 | 4.86 | -58.4 | 49.76 | 174.61 | 293.67 | 100.00 | 5.88 | 171.43 | 0.00 | -100.0 | -100.0 | 0.39 | -40.0 | -58.51 |
| 22Q3 (12) | 0.40 | 233.33 | 73.91 | 5.20 | 7.22 | 0.39 | 4.04 | 57.81 | 0.25 | 4.26 | 69.72 | 8.4 | 3.45 | 71.64 | -12.21 | 3.33 | 243.3 | 71.65 | 2.82 | 281.08 | 83.12 | 0.81 | 125.0 | 107.69 | 4.32 | 55.4 | 12.21 | 18.12 | -11.26 | -11.65 | 94.44 | -21.3 | -5.56 | 5.56 | 0 | 0 | 0.65 | -48.82 | -7.14 |
| 22Q2 (11) | 0.12 | -76.0 | -78.57 | 4.85 | 1.25 | -4.34 | 2.56 | -36.48 | -41.42 | 2.51 | -39.66 | -44.47 | 2.01 | -39.64 | -55.53 | 0.97 | -74.81 | -79.05 | 0.74 | -75.33 | -81.07 | 0.36 | -60.0 | -58.62 | 2.78 | -32.03 | -37.81 | 20.42 | -53.0 | -34.57 | 120.00 | 20.0 | 20.0 | 0.00 | -100.0 | -100.0 | 1.27 | 217.5 | 284.85 |
| 22Q1 (10) | 0.50 | -41.18 | 354.55 | 4.79 | -12.75 | 3.01 | 4.03 | 3.6 | 127.68 | 4.16 | -61.52 | 127.32 | 3.33 | -61.77 | 81.97 | 3.85 | -44.12 | 309.57 | 3.00 | -49.49 | 252.94 | 0.90 | 32.35 | 95.65 | 4.09 | -62.44 | 114.14 | 43.45 | 243.75 | 669.03 | 100.00 | 171.43 | 0.0 | 4.55 | -92.8 | 0 | 0.40 | -57.45 | -52.94 |
| 21Q4 (9) | 0.85 | 269.57 | 466.67 | 5.49 | 5.98 | 20.13 | 3.89 | -3.47 | 37.46 | 10.81 | 175.06 | 279.3 | 8.71 | 121.63 | 205.61 | 6.89 | 255.15 | 425.95 | 5.94 | 285.71 | 425.66 | 0.68 | 74.36 | 74.36 | 10.89 | 182.86 | 304.83 | 12.64 | -38.37 | -22.12 | 36.84 | -63.16 | -63.16 | 63.16 | 0 | 0 | 0.94 | 34.29 | -20.34 |
| 21Q3 (8) | 0.23 | -58.93 | 15.0 | 5.18 | 2.17 | 13.6 | 4.03 | -7.78 | 19.94 | 3.93 | -13.05 | 13.26 | 3.93 | -13.05 | 13.26 | 1.94 | -58.1 | 14.12 | 1.54 | -60.61 | 4.76 | 0.39 | -55.17 | -7.14 | 3.85 | -13.87 | 7.24 | 20.51 | -34.28 | 26.68 | 100.00 | 0.0 | 0.0 | 0.00 | -100.0 | 0 | 0.70 | 112.12 | 34.62 |
| 21Q2 (7) | 0.56 | 409.09 | 115.38 | 5.07 | 9.03 | -25.44 | 4.37 | 146.89 | -12.42 | 4.52 | 146.99 | -9.42 | 4.52 | 146.99 | -9.42 | 4.63 | 392.55 | 110.45 | 3.91 | 360.0 | 110.22 | 0.87 | 89.13 | 135.14 | 4.47 | 134.03 | -14.53 | 31.21 | 452.39 | 122.77 | 100.00 | 0.0 | 0.0 | 5.26 | 0 | 0 | 0.33 | -61.18 | -56.0 |
| 21Q1 (6) | 0.11 | -26.67 | -54.17 | 4.65 | 1.75 | 16.83 | 1.77 | -37.46 | -40.6 | 1.83 | -35.79 | -38.8 | 1.83 | -35.79 | -38.8 | 0.94 | -28.24 | -54.59 | 0.85 | -24.78 | -50.0 | 0.46 | 17.95 | -19.3 | 1.91 | -29.0 | -36.33 | 5.65 | -65.19 | -74.65 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 0.85 | -27.97 | 0 |
| 20Q4 (5) | 0.15 | -25.0 | 7.14 | 4.57 | 0.22 | 22.85 | 2.83 | -15.77 | 25.22 | 2.85 | -17.87 | 23.91 | 2.85 | -17.87 | 23.38 | 1.31 | -22.94 | 3.15 | 1.13 | -23.13 | 6.6 | 0.39 | -7.14 | -15.22 | 2.69 | -25.07 | 12.08 | 16.23 | 0.25 | -24.41 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 1.18 | 126.92 | 25.53 |
| 20Q3 (4) | 0.20 | -23.08 | 0.0 | 4.56 | -32.94 | 0.0 | 3.36 | -32.67 | 0.0 | 3.47 | -30.46 | 0.0 | 3.47 | -30.46 | 0.0 | 1.70 | -22.73 | 0.0 | 1.47 | -20.97 | 0.0 | 0.42 | 13.51 | 0.0 | 3.59 | -31.36 | 0.0 | 16.19 | 15.56 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 0.52 | -30.67 | 0.0 |
| 20Q2 (3) | 0.26 | 8.33 | 0.0 | 6.80 | 70.85 | 0.0 | 4.99 | 67.45 | 0.0 | 4.99 | 66.89 | 0.0 | 4.99 | 66.89 | 0.0 | 2.20 | 6.28 | 0.0 | 1.86 | 9.41 | 0.0 | 0.37 | -35.09 | 0.0 | 5.23 | 74.33 | 0.0 | 14.01 | -37.15 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 0.75 | 0 | 0.0 |
| 20Q1 (2) | 0.24 | 71.43 | 0.0 | 3.98 | 6.99 | 0.0 | 2.98 | 31.86 | 0.0 | 2.99 | 30.0 | 0.0 | 2.99 | 29.44 | 0.0 | 2.07 | 62.99 | 0.0 | 1.70 | 60.38 | 0.0 | 0.57 | 23.91 | 0.0 | 3.00 | 25.0 | 0.0 | 22.29 | 3.82 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 3.72 | 0.0 | 0.0 | 2.26 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 2.31 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 2.40 | 0.0 | 0.0 | 21.47 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.94 | 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) | 0.34 | -75.0 | 4.85 | -3.19 | 2.90 | -25.64 | 0.00 | 0 | 1.94 | -51.74 | 1.55 | -52.01 | 2.93 | -72.64 | 2.31 | -71.83 | 1.47 | -41.9 | 1.99 | -50.99 | 7.39 | -85.15 | 147.06 | 49.55 | -47.06 | 0 | 0.00 | 0 | 1.19 | 101.69 |
| 2022 (9) | 1.36 | -20.93 | 5.01 | -2.53 | 3.90 | 5.12 | 0.00 | 0 | 4.02 | -30.45 | 3.23 | -37.52 | 10.71 | -24.89 | 8.20 | -34.4 | 2.53 | 4.98 | 4.06 | -29.88 | 49.76 | 293.67 | 98.33 | 54.2 | 3.33 | -90.8 | 0.00 | 0 | 0.59 | -11.94 |
| 2021 (8) | 1.72 | 107.23 | 5.14 | 6.2 | 3.71 | 7.23 | 0.00 | 0 | 5.78 | 65.62 | 5.17 | 48.14 | 14.26 | 96.15 | 12.50 | 104.25 | 2.41 | 37.71 | 5.79 | 63.56 | 12.64 | -22.12 | 63.77 | -33.95 | 36.23 | 0 | 0.00 | 0 | 0.67 | -6.94 |
| 2020 (7) | 0.83 | 107.5 | 4.84 | 34.44 | 3.46 | 69.61 | 0.12 | -18.05 | 3.49 | 76.26 | 3.49 | 76.26 | 7.27 | 104.79 | 6.12 | 96.78 | 1.75 | 11.46 | 3.54 | 70.19 | 16.23 | -24.41 | 96.55 | -10.34 | 0.00 | 0 | 0.00 | 0 | 0.72 | -14.29 |
| 2019 (6) | 0.40 | -21.57 | 3.60 | 10.43 | 2.04 | 8.51 | 0.15 | 35.12 | 1.98 | 11.24 | 1.98 | 11.24 | 3.55 | -21.11 | 3.11 | -27.0 | 1.57 | -32.62 | 2.08 | 11.23 | 21.47 | 220.93 | 107.69 | 1.36 | 0.00 | 0 | 0.00 | 0 | 0.84 | 10.53 |
| 2018 (5) | 0.51 | -7.27 | 3.26 | 13.19 | 1.88 | 59.32 | 0.11 | -13.99 | 1.78 | -16.82 | 1.78 | -16.82 | 4.50 | -6.05 | 4.26 | 11.52 | 2.33 | 30.9 | 1.87 | -14.22 | 6.69 | -30.46 | 106.25 | 100.69 | -6.25 | 0 | 0.00 | 0 | 0.76 | -12.64 |
| 2017 (4) | 0.55 | -32.93 | 2.88 | -15.54 | 1.18 | -13.24 | 0.13 | -12.42 | 2.14 | -39.38 | 2.14 | -39.38 | 4.79 | -33.75 | 3.82 | -28.86 | 1.78 | 17.11 | 2.18 | -40.27 | 9.62 | -76.97 | 52.94 | 41.18 | 41.18 | -34.12 | 0.00 | 0 | 0.87 | -25.64 |
| 2016 (3) | 0.82 | -71.82 | 3.41 | -38.0 | 1.36 | 138.6 | 0.15 | -93.71 | 3.53 | -84.08 | 3.53 | -84.05 | 7.23 | -71.29 | 5.37 | -71.34 | 1.52 | 80.95 | 3.65 | -85.15 | 41.77 | 55.45 | 37.50 | 1156.25 | 62.50 | -35.58 | 0.00 | 0 | 1.17 | -60.61 |
| 2015 (2) | 2.91 | 80.75 | 5.50 | -34.99 | 0.57 | -77.99 | 2.33 | -39.24 | 22.17 | 84.29 | 22.13 | 41.68 | 25.18 | 46.82 | 18.74 | 44.04 | 0.84 | 5.0 | 24.58 | 46.75 | 26.87 | -43.8 | 2.99 | -85.07 | 97.01 | 21.27 | 0.00 | 0 | 2.97 | -8.62 |
| 2014 (1) | 1.61 | 747.37 | 8.46 | 0 | 2.59 | 0 | 3.83 | 0 | 12.03 | 0 | 15.62 | 0 | 17.15 | 0 | 13.01 | 0 | 0.80 | -6.98 | 16.75 | 375.85 | 47.81 | 100.55 | 20.00 | -20.0 | 80.00 | -20.0 | 0.00 | 0 | 3.25 | 34.85 |
