- 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) | 0.05 | -64.29 | -58.33 | 13.37 | -28.08 | -28.54 | 1.21 | -76.55 | -74.79 | 0.90 | -66.54 | -63.71 | 0.45 | -70.78 | -69.39 | 0.19 | -65.45 | -63.46 | 0.38 | -25.49 | -25.49 | 0.17 | 13.33 | 13.33 | 11.01 | -23.54 | -22.41 | 135.93 | -4.96 | -3.36 | 135.71 | -29.31 | -29.95 | -34.82 | 62.0 | 62.86 | 10.48 | -12.96 | -17.09 |
| 24Q2 (19) | 0.14 | -44.0 | 800.0 | 18.59 | 3.39 | 21.34 | 5.16 | 31.63 | 220.5 | 2.69 | -34.55 | 273.61 | 1.54 | -50.16 | 833.33 | 0.55 | -47.62 | 787.5 | 0.51 | -28.17 | 88.89 | 0.15 | 7.14 | 0.0 | 14.40 | -12.78 | 18.32 | 143.02 | 3.47 | 1.9 | 191.99 | 101.2 | -13.78 | -91.64 | -2101.56 | 25.3 | 12.04 | -4.22 | 2.56 |
| 24Q1 (18) | 0.25 | -40.48 | -19.35 | 17.98 | -14.26 | 3.21 | 3.92 | -50.32 | -8.2 | 4.11 | -15.08 | -9.87 | 3.09 | -23.33 | -9.91 | 1.05 | -31.82 | -12.5 | 0.71 | -23.66 | 1.43 | 0.14 | -12.5 | -6.67 | 16.51 | 6.52 | 23.67 | 138.22 | 0.31 | -1.03 | 95.42 | -41.46 | 2.02 | 4.58 | 107.27 | -26.75 | 12.57 | 12.43 | -0.4 |
| 23Q4 (17) | 0.42 | 250.0 | 50.0 | 20.97 | 12.08 | 22.56 | 7.89 | 64.38 | 120.39 | 4.84 | 95.16 | 149.48 | 4.03 | 174.15 | 40.42 | 1.54 | 196.15 | 48.08 | 0.93 | 82.35 | 52.46 | 0.16 | 6.67 | 6.67 | 15.50 | 9.23 | 47.62 | 137.79 | -2.03 | -0.84 | 163.00 | -15.87 | -11.56 | -63.00 | 32.8 | 25.27 | 11.18 | -11.55 | -4.53 |
| 23Q3 (16) | 0.12 | 700.0 | -40.0 | 18.71 | 22.13 | 48.02 | 4.80 | 198.14 | 1216.28 | 2.48 | 244.44 | 5.08 | 1.47 | 800.0 | -36.91 | 0.52 | 750.0 | -39.53 | 0.51 | 88.89 | 0.0 | 0.15 | 0.0 | 0.0 | 14.19 | 16.6 | 33.24 | 140.65 | 0.21 | 0.74 | 193.75 | -12.99 | 1157.2 | -93.75 | 23.57 | -179.5 | 12.64 | 7.67 | 6.13 |
| 23Q2 (15) | -0.02 | -106.45 | -101.79 | 15.32 | -12.06 | -11.09 | 1.61 | -62.3 | -65.45 | 0.72 | -84.21 | -95.32 | -0.21 | -106.12 | -101.72 | -0.08 | -106.67 | -101.58 | 0.27 | -61.43 | -87.61 | 0.15 | 0.0 | -11.76 | 12.17 | -8.84 | -46.22 | 140.36 | 0.5 | -1.57 | 222.67 | 138.06 | 635.17 | -122.67 | -2062.67 | -275.96 | 11.74 | -6.97 | -2.81 |
| 23Q1 (14) | 0.31 | 10.71 | -53.73 | 17.42 | 1.81 | -10.99 | 4.27 | 19.27 | -39.0 | 4.56 | 135.05 | -46.92 | 3.43 | 19.51 | -48.5 | 1.20 | 15.38 | -55.56 | 0.70 | 14.75 | -42.62 | 0.15 | 0.0 | -11.76 | 13.35 | 27.14 | -15.45 | 139.66 | 0.5 | -4.89 | 93.53 | -49.25 | 14.73 | 6.25 | 107.41 | -66.17 | 12.62 | 7.77 | 3.7 |
| 22Q4 (13) | 0.28 | 40.0 | -60.56 | 17.11 | 35.36 | -7.01 | 3.58 | 932.56 | -52.14 | 1.94 | -17.8 | -72.68 | 2.87 | 23.18 | -57.23 | 1.04 | 20.93 | -63.51 | 0.61 | 19.61 | -53.79 | 0.15 | 0.0 | -16.67 | 10.50 | -1.41 | -23.86 | 138.96 | -0.47 | 3.75 | 184.31 | 1105.71 | 74.88 | -84.31 | -171.5 | -1463.47 | 11.71 | -1.68 | 14.58 |
| 22Q3 (12) | 0.20 | -82.14 | -71.43 | 12.64 | -26.64 | -33.86 | -0.43 | -109.23 | -106.6 | 2.36 | -84.67 | -74.46 | 2.33 | -80.96 | -67.91 | 0.86 | -83.0 | -69.5 | 0.51 | -76.61 | -61.36 | 0.15 | -11.76 | -11.76 | 10.65 | -52.94 | -34.38 | 139.61 | -2.1 | 4.15 | -18.33 | -160.51 | -125.98 | 117.93 | 69.16 | 299.17 | 11.91 | -1.41 | -3.33 |
| 22Q2 (11) | 1.12 | 67.16 | 7.69 | 17.23 | -11.96 | -34.41 | 4.66 | -33.43 | -64.56 | 15.39 | 79.16 | 21.95 | 12.24 | 83.78 | 23.76 | 5.06 | 87.41 | 27.14 | 2.18 | 78.69 | 16.58 | 0.17 | 0.0 | -5.56 | 22.63 | 43.32 | 18.3 | 142.60 | -2.89 | 14.21 | 30.29 | -62.85 | -70.93 | 69.71 | 277.38 | 1765.1 | 12.08 | -0.74 | -8.14 |
| 22Q1 (10) | 0.67 | -5.63 | -40.18 | 19.57 | 6.36 | -28.86 | 7.00 | -6.42 | -49.68 | 8.59 | 20.99 | -46.41 | 6.66 | -0.75 | -45.41 | 2.70 | -5.26 | -40.92 | 1.22 | -7.58 | -42.72 | 0.17 | -5.56 | 0.0 | 15.79 | 14.5 | -32.09 | 146.84 | 9.63 | 20.96 | 81.53 | -22.64 | -6.05 | 18.47 | 442.55 | 40.38 | 12.17 | 19.08 | -8.22 |
| 21Q4 (9) | 0.71 | 1.43 | -29.0 | 18.40 | -3.72 | -30.93 | 7.48 | 14.72 | -43.93 | 7.10 | -23.16 | -44.83 | 6.71 | -7.58 | -33.23 | 2.85 | 1.06 | -33.26 | 1.32 | 0.0 | -33.33 | 0.18 | 5.88 | -5.26 | 13.79 | -15.03 | -29.75 | 133.94 | -0.08 | 4.85 | 105.39 | 49.38 | 1.64 | -5.39 | -118.25 | -48.92 | 10.22 | -17.05 | -13.54 |
| 21Q3 (8) | 0.70 | -32.69 | -15.66 | 19.11 | -27.26 | -23.62 | 6.52 | -50.42 | -42.25 | 9.24 | -26.78 | -17.65 | 7.26 | -26.59 | -18.88 | 2.82 | -29.15 | -22.31 | 1.32 | -29.41 | -21.89 | 0.17 | -5.56 | 0.0 | 16.23 | -15.16 | -12.98 | 134.05 | 7.36 | 3.3 | 70.55 | -32.28 | -29.93 | 29.54 | 805.65 | 4350.53 | 12.32 | -6.31 | -8.27 |
| 21Q2 (7) | 1.04 | -7.14 | 44.44 | 26.27 | -4.51 | 2.42 | 13.15 | -5.46 | 12.39 | 12.62 | -21.27 | 13.8 | 9.89 | -18.93 | 17.46 | 3.98 | -12.91 | 25.95 | 1.87 | -12.21 | 23.03 | 0.18 | 5.88 | 12.5 | 19.13 | -17.72 | -1.7 | 124.86 | 2.85 | -8.87 | 104.19 | 20.06 | -1.3 | -4.19 | -131.81 | 24.64 | 13.15 | -0.83 | 2.26 |
| 21Q1 (6) | 1.12 | 12.0 | 38.27 | 27.51 | 3.27 | -4.64 | 13.91 | 4.27 | 1.02 | 16.03 | 24.55 | 29.59 | 12.20 | 21.39 | 23.36 | 4.57 | 7.03 | 31.7 | 2.13 | 7.58 | 26.04 | 0.17 | -10.53 | 13.33 | 23.25 | 18.44 | 8.44 | 121.40 | -4.97 | -6.76 | 86.78 | -16.31 | -21.97 | 13.16 | 463.4 | 216.36 | 13.26 | 12.18 | -2.64 |
| 20Q4 (5) | 1.00 | 20.48 | 42.86 | 26.64 | 6.47 | 6.47 | 13.34 | 18.16 | 12.96 | 12.87 | 14.71 | 51.06 | 10.05 | 12.29 | 53.44 | 4.27 | 17.63 | 41.86 | 1.98 | 17.16 | 33.78 | 0.19 | 11.76 | 0.0 | 19.63 | 5.25 | 24.32 | 127.75 | -1.56 | -3.34 | 103.69 | 2.98 | -25.17 | -3.62 | -421.0 | 90.61 | 11.82 | -11.99 | 0 |
| 20Q3 (4) | 0.83 | 15.28 | 0.0 | 25.02 | -2.46 | 0.0 | 11.29 | -3.5 | 0.0 | 11.22 | 1.17 | 0.0 | 8.95 | 6.29 | 0.0 | 3.63 | 14.87 | 0.0 | 1.69 | 11.18 | 0.0 | 0.17 | 6.25 | 0.0 | 18.65 | -4.16 | 0.0 | 129.77 | -5.28 | 0.0 | 100.70 | -4.6 | 0.0 | -0.70 | 87.49 | 0.0 | 13.43 | 4.43 | 0.0 |
| 20Q2 (3) | 0.72 | -11.11 | 0.0 | 25.65 | -11.09 | 0.0 | 11.70 | -15.03 | 0.0 | 11.09 | -10.35 | 0.0 | 8.42 | -14.86 | 0.0 | 3.16 | -8.93 | 0.0 | 1.52 | -10.06 | 0.0 | 0.16 | 6.67 | 0.0 | 19.46 | -9.24 | 0.0 | 137.01 | 5.23 | 0.0 | 105.56 | -5.09 | 0.0 | -5.56 | 50.87 | 0.0 | 12.86 | -5.58 | 0.0 |
| 20Q1 (2) | 0.81 | 15.71 | 0.0 | 28.85 | 15.31 | 0.0 | 13.77 | 16.6 | 0.0 | 12.37 | 45.19 | 0.0 | 9.89 | 50.99 | 0.0 | 3.47 | 15.28 | 0.0 | 1.69 | 14.19 | 0.0 | 0.15 | -21.05 | 0.0 | 21.44 | 35.78 | 0.0 | 130.20 | -1.48 | 0.0 | 111.22 | -19.74 | 0.0 | -11.31 | 70.68 | 0.0 | 13.62 | 0 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 25.02 | 0.0 | 0.0 | 11.81 | 0.0 | 0.0 | 8.52 | 0.0 | 0.0 | 6.55 | 0.0 | 0.0 | 3.01 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 15.79 | 0.0 | 0.0 | 132.16 | 0.0 | 0.0 | 138.57 | 0.0 | 0.0 | -38.57 | 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) | 0.83 | -63.44 | 18.17 | 8.8 | 4.71 | 24.93 | 8.40 | 25.45 | 3.18 | -56.32 | 2.21 | -64.18 | 3.16 | -66.35 | 2.38 | -47.35 | 0.60 | -6.25 | 13.84 | -8.22 | 137.79 | -0.84 | 148.25 | 185.85 | -48.25 | 0 | 0.00 | 0 | 12.02 | 0.42 |
| 2022 (9) | 2.27 | -36.59 | 16.70 | -26.37 | 3.77 | -62.93 | 6.70 | 9.06 | 7.28 | -34.36 | 6.17 | -30.83 | 9.39 | -35.42 | 4.52 | -32.23 | 0.64 | -9.86 | 15.08 | -15.9 | 138.96 | 3.75 | 51.86 | -43.44 | 48.14 | 481.4 | 0.00 | 0 | 11.97 | -1.8 |
| 2021 (8) | 3.58 | 6.55 | 22.68 | -14.38 | 10.17 | -18.77 | 6.14 | -8.13 | 11.09 | -6.88 | 8.92 | -4.5 | 14.54 | 1.68 | 6.67 | -2.34 | 0.71 | 5.97 | 17.93 | -9.22 | 133.94 | 4.85 | 91.70 | -12.8 | 8.28 | 0 | 0.00 | 0 | 12.19 | -5.43 |
| 2020 (7) | 3.36 | 61.54 | 26.49 | 15.98 | 12.52 | 43.91 | 6.69 | 6.76 | 11.91 | 61.16 | 9.34 | 60.76 | 14.30 | 51.48 | 6.83 | 44.4 | 0.67 | -1.47 | 19.75 | 30.28 | 127.75 | -3.34 | 105.16 | -10.62 | -5.13 | 0 | 0.00 | 0 | 12.89 | 1.18 |
| 2019 (6) | 2.08 | -38.46 | 22.84 | 10.34 | 8.70 | 25.36 | 6.26 | 29.84 | 7.39 | -39.08 | 5.81 | -41.49 | 9.44 | -46.15 | 4.73 | -35.56 | 0.68 | -1.45 | 15.16 | -16.43 | 132.16 | -10.95 | 117.65 | 105.59 | -17.65 | 0 | 0.00 | 0 | 12.74 | 2.17 |
| 2018 (5) | 3.38 | 162.02 | 20.70 | 16.95 | 6.94 | 30.45 | 4.82 | -7.94 | 12.13 | 182.75 | 9.93 | 200.0 | 17.53 | 178.25 | 7.34 | 133.76 | 0.69 | -4.17 | 18.14 | 65.97 | 148.41 | -12.59 | 57.23 | -53.82 | 42.77 | 0 | 0.00 | 0 | 12.47 | 10.26 |
| 2017 (4) | 1.29 | 10.26 | 17.70 | 1.84 | 5.32 | 11.53 | 5.24 | -8.94 | 4.29 | 1.18 | 3.31 | 9.97 | 6.30 | 19.32 | 3.14 | 13.77 | 0.72 | 5.88 | 10.93 | -4.04 | 169.78 | 5.85 | 123.91 | 10.16 | -23.96 | 0 | 0.00 | 0 | 11.31 | -4.4 |
| 2016 (3) | 1.17 | 10.38 | 17.38 | 5.27 | 4.77 | 16.34 | 5.75 | 10.59 | 4.24 | 40.4 | 3.01 | 54.36 | 5.28 | 43.87 | 2.76 | 27.78 | 0.68 | -9.33 | 11.39 | 19.89 | 160.39 | 3.29 | 112.48 | -17.25 | -12.48 | 0 | 0.00 | 0 | 11.83 | -0.42 |
| 2015 (2) | 1.06 | 51.43 | 16.51 | 3.12 | 4.10 | 40.89 | 5.20 | 10.83 | 3.02 | 127.07 | 1.95 | 254.55 | 3.67 | 239.81 | 2.16 | 83.05 | 0.75 | -3.85 | 9.50 | 29.78 | 155.28 | 2.6 | 135.93 | -37.86 | -35.93 | 0 | 0.00 | 0 | 11.88 | 21.22 |
| 2014 (1) | 0.70 | -37.5 | 16.01 | 0 | 2.91 | 0 | 4.69 | 2.39 | 1.33 | 0 | 0.55 | 0 | 1.08 | 0 | 1.18 | 0 | 0.78 | 2.63 | 7.32 | -21.29 | 151.34 | 2.46 | 218.76 | 90.74 | -118.59 | 0 | 0.00 | 0 | 9.80 | -2.2 |
