- 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) | -0.01 | -111.11 | 80.0 | 2.21 | -56.15 | -27.78 | -1.43 | -203.62 | -155.36 | 0.17 | -92.06 | -5.56 | 0.24 | -86.13 | 142.11 | 0.06 | -87.5 | 140.0 | 0.14 | -60.0 | 366.67 | 0.12 | -14.29 | -7.69 | 10.78 | -6.34 | 6.52 | 103.48 | 1.46 | 5.85 | -855.24 | -1424.84 | -168.35 | 955.24 | 2598.73 | 128.49 | 10.30 | 7.74 | 19.08 |
| 24Q2 (19) | 0.09 | 125.0 | 50.0 | 5.04 | 15.07 | 0.2 | 1.38 | 68.29 | -8.61 | 2.14 | 35.44 | 16.3 | 1.73 | 42.98 | 12.34 | 0.48 | 45.45 | 14.29 | 0.35 | 29.63 | 9.37 | 0.14 | 0.0 | 0.0 | 11.51 | 3.97 | 2.13 | 101.99 | 2.4 | 2.85 | 64.55 | 24.16 | -21.08 | 35.40 | -26.27 | 93.85 | 9.56 | 0.95 | 0.0 |
| 24Q1 (18) | 0.04 | -69.23 | 180.0 | 4.38 | -34.23 | 18.06 | 0.82 | -72.85 | 2833.33 | 1.58 | -49.2 | 2075.0 | 1.21 | -59.8 | 1310.0 | 0.33 | -57.69 | 1200.0 | 0.27 | -46.0 | 200.0 | 0.14 | 7.69 | 7.69 | 11.07 | -15.82 | 10.04 | 99.60 | 1.3 | 10.7 | 51.99 | -46.37 | 49.98 | 48.01 | 1472.75 | -26.52 | 9.47 | -1.46 | -8.33 |
| 23Q4 (17) | 0.13 | 360.0 | 140.62 | 6.66 | 117.65 | 288.67 | 3.02 | 639.29 | 141.26 | 3.11 | 1627.78 | 141.25 | 3.01 | 628.07 | 147.93 | 0.78 | 620.0 | 146.99 | 0.50 | 1566.67 | 166.67 | 0.13 | 0.0 | -7.14 | 13.15 | 29.94 | 464.38 | 98.32 | 0.57 | 7.32 | 96.95 | 130.42 | -0.11 | 3.05 | -99.27 | 4.01 | 9.61 | 11.1 | -5.51 |
| 23Q3 (16) | -0.05 | -183.33 | -141.67 | 3.06 | -39.17 | 47.83 | -0.56 | -137.09 | 41.05 | 0.18 | -90.22 | -87.76 | -0.57 | -137.01 | -147.9 | -0.15 | -135.71 | -142.86 | 0.03 | -90.63 | -88.0 | 0.13 | -7.14 | -13.33 | 10.12 | -10.2 | -0.1 | 97.76 | -1.41 | 1.15 | -318.71 | -489.63 | -394.7 | 418.06 | 2189.59 | 154.26 | 8.65 | -9.52 | 5.88 |
| 23Q2 (15) | 0.06 | 220.0 | -90.77 | 5.03 | 35.58 | -58.77 | 1.51 | 5133.33 | -84.19 | 1.84 | 2400.0 | -82.93 | 1.54 | 1640.0 | -81.33 | 0.42 | 1500.0 | -85.47 | 0.32 | 255.56 | -80.0 | 0.14 | 7.69 | -26.32 | 11.27 | 12.03 | -36.04 | 99.16 | 10.21 | -1.44 | 81.80 | 135.95 | -7.73 | 18.26 | -72.05 | 60.82 | 9.56 | -7.45 | 12.08 |
| 23Q1 (14) | -0.05 | 84.38 | -107.14 | 3.71 | 205.1 | -74.52 | -0.03 | 99.59 | -100.26 | -0.08 | 98.94 | -100.64 | -0.10 | 98.41 | -100.98 | -0.03 | 98.19 | -101.01 | 0.09 | 112.0 | -94.8 | 0.13 | -7.14 | -23.53 | 10.06 | 331.76 | -51.02 | 89.97 | -1.79 | 20.49 | 34.67 | -64.28 | -62.69 | 65.33 | 2126.29 | 822.56 | 10.33 | 1.57 | 16.99 |
| 22Q4 (13) | -0.32 | -366.67 | -128.07 | -3.53 | -270.53 | -117.54 | -7.32 | -670.53 | -143.78 | -7.54 | -612.93 | -143.43 | -6.28 | -627.73 | -143.31 | -1.66 | -574.29 | -133.47 | -0.75 | -400.0 | -126.79 | 0.14 | -6.67 | -26.32 | 2.33 | -77.0 | -90.28 | 91.61 | -5.21 | 17.75 | 97.05 | 250.64 | 0.75 | 2.93 | -98.22 | -20.13 | 10.17 | 24.48 | -4.33 |
| 22Q3 (12) | 0.12 | -81.54 | -90.63 | 2.07 | -83.03 | -90.92 | -0.95 | -109.95 | -104.8 | 1.47 | -86.36 | -93.1 | 1.19 | -85.58 | -92.96 | 0.35 | -87.89 | -94.1 | 0.25 | -84.38 | -92.26 | 0.15 | -21.05 | -21.05 | 10.13 | -42.51 | -64.05 | 96.65 | -3.94 | 15.86 | -64.42 | -172.68 | -169.29 | 164.42 | 1348.14 | 2242.96 | 8.17 | -4.22 | -21.89 |
| 22Q2 (11) | 0.65 | -7.14 | -36.27 | 12.20 | -16.21 | -42.83 | 9.55 | -18.38 | -46.89 | 10.78 | -14.38 | -43.68 | 8.25 | -18.8 | -47.39 | 2.89 | -2.36 | -45.57 | 1.60 | -7.51 | -43.46 | 0.19 | 11.76 | 5.56 | 17.62 | -14.22 | -33.63 | 100.61 | 34.74 | 12.24 | 88.65 | -4.6 | -5.61 | 11.35 | 60.33 | 86.72 | 8.53 | -3.4 | -25.7 |
| 22Q1 (10) | 0.70 | -38.6 | 20.69 | 14.56 | -27.67 | -10.84 | 11.70 | -30.02 | -8.38 | 12.59 | -27.48 | -5.97 | 10.16 | -29.93 | -8.05 | 2.96 | -40.32 | -9.76 | 1.73 | -38.21 | -0.57 | 0.17 | -10.53 | 13.33 | 20.54 | -14.27 | -8.02 | 74.67 | -4.02 | -19.8 | 92.92 | -3.54 | -2.54 | 7.08 | 92.74 | 52.07 | 8.83 | -16.93 | -14.19 |
| 21Q4 (9) | 1.14 | -10.94 | 235.29 | 20.13 | -11.71 | 90.44 | 16.72 | -15.51 | 149.55 | 17.36 | -18.46 | 142.8 | 14.50 | -14.2 | 108.93 | 4.96 | -16.36 | 159.69 | 2.80 | -13.31 | 174.51 | 0.19 | 0.0 | 35.71 | 23.96 | -14.98 | 39.14 | 77.80 | -6.74 | -19.68 | 96.33 | 3.6 | 2.78 | 3.67 | -47.64 | -41.47 | 10.63 | 1.63 | 4.22 |
| 21Q3 (8) | 1.28 | 25.49 | 2660.0 | 22.80 | 6.84 | 477.22 | 19.79 | 10.07 | 9995.0 | 21.29 | 11.23 | 4851.16 | 16.90 | 7.78 | 3288.68 | 5.93 | 11.68 | 4661.54 | 3.23 | 14.13 | 32200.0 | 0.19 | 5.56 | 58.33 | 28.18 | 6.14 | 134.44 | 83.42 | -6.94 | -17.9 | 92.98 | -1.0 | 296.75 | 7.02 | 15.41 | -95.23 | 10.46 | -8.89 | 0.87 |
| 21Q2 (7) | 1.02 | 75.86 | 1233.33 | 21.34 | 30.68 | 708.33 | 17.98 | 40.8 | 1357.34 | 19.14 | 42.94 | 1206.36 | 15.68 | 41.9 | 980.9 | 5.31 | 61.89 | 1427.5 | 2.83 | 62.64 | 2458.33 | 0.18 | 20.0 | 63.64 | 26.55 | 18.9 | 147.21 | 89.64 | -3.72 | -14.65 | 93.92 | -1.49 | 13.48 | 6.08 | 30.58 | -64.73 | 11.48 | 11.56 | 8.0 |
| 21Q1 (6) | 0.58 | 70.59 | 486.67 | 16.33 | 54.49 | 1295.73 | 12.77 | 90.6 | 518.69 | 13.39 | 87.27 | 506.99 | 11.05 | 59.22 | 506.25 | 3.28 | 71.73 | 604.62 | 1.74 | 70.59 | 856.52 | 0.15 | 7.14 | 25.0 | 22.33 | 29.67 | 161.78 | 93.10 | -3.88 | -9.02 | 95.34 | 1.73 | 2.84 | 4.66 | -25.82 | -36.1 | 10.29 | 0.88 | 2.08 |
| 20Q4 (5) | 0.34 | 780.0 | 1233.33 | 10.57 | 167.59 | 202.87 | 6.70 | 3450.0 | 1057.14 | 7.15 | 1562.79 | 837.11 | 6.94 | 1409.43 | 926.19 | 1.91 | 1569.23 | 1009.52 | 1.02 | 10100.0 | 5200.0 | 0.14 | 16.67 | 7.69 | 17.22 | 43.26 | 72.55 | 96.86 | -4.67 | -3.78 | 93.72 | 298.33 | 29.4 | 6.28 | -95.74 | -77.23 | 10.20 | -1.64 | 0 |
| 20Q3 (4) | -0.05 | 44.44 | 0.0 | 3.95 | 49.62 | 0.0 | -0.20 | 86.01 | 0.0 | 0.43 | 124.86 | 0.0 | -0.53 | 70.22 | 0.0 | -0.13 | 67.5 | 0.0 | 0.01 | 108.33 | 0.0 | 0.12 | 9.09 | 0.0 | 12.02 | 11.92 | 0.0 | 101.61 | -3.26 | 0.0 | -47.26 | -157.1 | 0.0 | 147.26 | 754.22 | 0.0 | 10.37 | -2.45 | 0.0 |
| 20Q2 (3) | -0.09 | 40.0 | 0.0 | 2.64 | 125.64 | 0.0 | -1.43 | 53.11 | 0.0 | -1.73 | 47.42 | 0.0 | -1.78 | 34.56 | 0.0 | -0.40 | 38.46 | 0.0 | -0.12 | 47.83 | 0.0 | 0.11 | -8.33 | 0.0 | 10.74 | 25.91 | 0.0 | 105.03 | 2.64 | 0.0 | 82.76 | -10.73 | 0.0 | 17.24 | 136.55 | 0.0 | 10.63 | 5.46 | 0.0 |
| 20Q1 (2) | -0.15 | -400.0 | 0.0 | 1.17 | -66.48 | 0.0 | -3.05 | -335.71 | 0.0 | -3.29 | -239.18 | 0.0 | -2.72 | -223.81 | 0.0 | -0.65 | -209.52 | 0.0 | -0.23 | -1050.0 | 0.0 | 0.12 | -7.69 | 0.0 | 8.53 | -14.53 | 0.0 | 102.33 | 1.66 | 0.0 | 92.71 | 28.01 | 0.0 | 7.29 | -73.57 | 0.0 | 10.08 | 0 | 0.0 |
| 19Q4 (1) | -0.03 | 0.0 | 0.0 | 3.49 | 0.0 | 0.0 | -0.70 | 0.0 | 0.0 | -0.97 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | -0.21 | 0.0 | 0.0 | -0.02 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 9.98 | 0.0 | 0.0 | 100.66 | 0.0 | 0.0 | 72.43 | 0.0 | 0.0 | 27.57 | 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) | 0.11 | -90.43 | 4.62 | -34.93 | 0.99 | -75.62 | 8.82 | 16.31 | 1.26 | -75.63 | 0.97 | -75.75 | 1.01 | -79.13 | 0.94 | -67.7 | 0.53 | -19.7 | 11.14 | -16.68 | 98.32 | 7.32 | 78.13 | -0.51 | 21.87 | 1.89 | 0.18 | -8.33 | 9.54 | 7.55 |
| 2022 (9) | 1.15 | -71.39 | 7.10 | -65.11 | 4.06 | -76.16 | 7.58 | 9.4 | 5.17 | -71.31 | 4.00 | -72.81 | 4.84 | -75.06 | 2.91 | -72.6 | 0.66 | -7.04 | 13.37 | -47.34 | 91.61 | 17.75 | 78.53 | -16.89 | 21.47 | 289.2 | 0.20 | -8.5 | 8.87 | -17.26 |
| 2021 (8) | 4.02 | 7940.0 | 20.35 | 323.96 | 17.03 | 2232.88 | 6.93 | -34.37 | 18.02 | 1947.73 | 14.71 | 1943.06 | 19.41 | 2713.04 | 10.62 | 1533.85 | 0.71 | 47.92 | 25.39 | 106.26 | 77.80 | -19.68 | 94.48 | 13.91 | 5.52 | -67.65 | 0.21 | -17.43 | 10.72 | 3.98 |
| 2020 (7) | 0.05 | -91.23 | 4.80 | -36.84 | 0.73 | -78.72 | 10.56 | 10.06 | 0.88 | -74.86 | 0.72 | -74.47 | 0.69 | -77.45 | 0.65 | -66.15 | 0.48 | -12.73 | 12.31 | -12.2 | 96.86 | -3.78 | 82.95 | -15.57 | 17.05 | 878.92 | 0.26 | 3.37 | 10.31 | 5.31 |
| 2019 (6) | 0.57 | -63.92 | 7.60 | -37.65 | 3.43 | -59.07 | 9.60 | 12.56 | 3.50 | -56.09 | 2.82 | -59.48 | 3.06 | -63.0 | 1.92 | -57.8 | 0.55 | -8.33 | 14.02 | -19.38 | 100.66 | 4.02 | 98.25 | -6.6 | 1.74 | 0 | 0.25 | -8.27 | 9.79 | 2.94 |
| 2018 (5) | 1.58 | 44.95 | 12.19 | 7.5 | 8.38 | 16.71 | 8.53 | -14.31 | 7.97 | 18.25 | 6.96 | 18.17 | 8.27 | 33.82 | 4.55 | 30.0 | 0.60 | 15.38 | 17.39 | -2.69 | 96.77 | -4.33 | 105.19 | -1.22 | -5.19 | 0 | 0.27 | 0 | 9.51 | -8.03 |
| 2017 (4) | 1.09 | 4.81 | 11.34 | -16.31 | 7.18 | -17.28 | 9.95 | -18.3 | 6.74 | -9.77 | 5.89 | -10.08 | 6.18 | 4.75 | 3.50 | 6.06 | 0.52 | 20.93 | 17.87 | -15.23 | 101.15 | -3.8 | 106.49 | -8.3 | -6.49 | 0 | 0.00 | 0 | 10.34 | -14.19 |
| 2016 (3) | 1.04 | 112.24 | 13.55 | 80.43 | 8.68 | 204.56 | 12.18 | -1.14 | 7.47 | 124.32 | 6.55 | 145.32 | 5.90 | 153.22 | 3.30 | 108.86 | 0.43 | 2.38 | 21.08 | 23.35 | 105.15 | -5.64 | 116.13 | 36.02 | -16.13 | 0 | 0.00 | 0 | 12.05 | 6.45 |
| 2015 (2) | 0.49 | -65.73 | 7.51 | -37.31 | 2.85 | -64.9 | 12.32 | 27.71 | 3.33 | -57.25 | 2.67 | -59.55 | 2.33 | -68.47 | 1.58 | -60.5 | 0.42 | -22.22 | 17.09 | -7.97 | 111.44 | 7.13 | 85.38 | -18.11 | 14.62 | 0 | 0.00 | 0 | 11.32 | 17.79 |
| 2014 (1) | 1.43 | 36.19 | 11.98 | 0 | 8.12 | 0 | 9.65 | 7.04 | 7.79 | 0 | 6.60 | 0 | 7.39 | 0 | 4.00 | 0 | 0.54 | 1.89 | 18.57 | 11.67 | 104.02 | -8.39 | 104.26 | -1.45 | -4.26 | 0 | 0.00 | 0 | 9.61 | 3.56 |
