- 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) | 0.08 | -74.19 | 188.89 | 3.94 | -32.3 | 1170.97 | 1.97 | -53.21 | 213.22 | 1.08 | -76.32 | 150.47 | 1.14 | -69.68 | 167.06 | 0.58 | -73.15 | 184.06 | 0.40 | -66.94 | 229.03 | 0.25 | -13.79 | 8.7 | 5.62 | -32.78 | 198.94 | 110.24 | 8.25 | 32.06 | 184.00 | 98.92 | 131.48 | -84.00 | -1220.0 | -568.0 | 4.24 | 10.7 | -11.85 |
| 24Q2 (19) | 0.31 | -31.11 | -34.04 | 5.82 | -23.92 | -26.42 | 4.21 | -30.07 | -32.42 | 4.56 | -28.08 | -34.48 | 3.76 | -25.98 | -32.74 | 2.16 | -33.74 | -36.84 | 1.21 | -32.4 | -40.69 | 0.29 | -12.12 | -17.14 | 8.36 | -12.64 | -12.73 | 101.84 | 12.78 | 31.12 | 92.50 | -2.69 | 3.38 | 7.50 | 51.67 | -28.75 | 3.83 | 6.09 | 15.71 |
| 24Q1 (18) | 0.45 | 25.0 | -16.67 | 7.65 | 13.67 | -11.87 | 6.02 | 19.44 | -16.27 | 6.34 | 34.32 | -6.9 | 5.08 | 17.59 | -6.96 | 3.26 | 21.19 | -18.7 | 1.79 | 13.29 | -23.18 | 0.33 | 0.0 | -19.51 | 9.57 | 19.18 | 5.28 | 90.30 | -3.79 | 27.2 | 95.05 | -11.14 | -9.88 | 4.95 | 170.88 | 190.25 | 3.61 | 9.39 | 24.91 |
| 23Q4 (17) | 0.36 | 500.0 | 63.64 | 6.73 | 2070.97 | 69.95 | 5.04 | 389.66 | 113.56 | 4.72 | 320.56 | 121.6 | 4.32 | 354.12 | 118.18 | 2.69 | 489.86 | 59.17 | 1.58 | 609.68 | 62.89 | 0.33 | 43.48 | -23.26 | 8.03 | 327.13 | 90.74 | 93.86 | 12.43 | 2.94 | 106.98 | 34.58 | -2.86 | -6.98 | -138.87 | 31.1 | 3.30 | -31.39 | 40.43 |
| 23Q3 (16) | -0.09 | -119.15 | -147.37 | 0.31 | -96.08 | -93.05 | -1.74 | -127.93 | -160.63 | -2.14 | -130.75 | -172.79 | -1.70 | -130.41 | -168.83 | -0.69 | -120.18 | -149.64 | -0.31 | -115.2 | -138.27 | 0.23 | -34.29 | -17.86 | 1.88 | -80.38 | -68.93 | 83.48 | 7.48 | -24.37 | 79.49 | -11.16 | -18.27 | 17.95 | 70.51 | 555.13 | 4.81 | 45.32 | 64.16 |
| 23Q2 (15) | 0.47 | -12.96 | -51.55 | 7.91 | -8.87 | -40.39 | 6.23 | -13.35 | -46.48 | 6.96 | 2.2 | -42.67 | 5.59 | 2.38 | -41.47 | 3.42 | -14.71 | -48.96 | 2.04 | -12.45 | -44.26 | 0.35 | -14.63 | -5.41 | 9.58 | 5.39 | -33.01 | 77.67 | 9.41 | -19.12 | 89.47 | -15.17 | -6.83 | 10.53 | 292.11 | 149.54 | 3.31 | 14.53 | 14.93 |
| 23Q1 (14) | 0.54 | 145.45 | -41.3 | 8.68 | 119.19 | -25.88 | 7.19 | 204.66 | -30.87 | 6.81 | 219.72 | -33.43 | 5.46 | 175.76 | -33.33 | 4.01 | 137.28 | -35.22 | 2.33 | 140.21 | -33.43 | 0.41 | -4.65 | -2.38 | 9.09 | 115.91 | -25.49 | 70.99 | -22.14 | -10.72 | 105.48 | -4.22 | 3.81 | -5.48 | 45.89 | -241.55 | 2.89 | 22.98 | 7.84 |
| 22Q4 (13) | 0.22 | 15.79 | -83.7 | 3.96 | -11.21 | -75.93 | 2.36 | -17.77 | -82.72 | 2.13 | -27.55 | -84.29 | 1.98 | -19.84 | -81.75 | 1.69 | 21.58 | -82.88 | 0.97 | 19.75 | -81.73 | 0.43 | 53.57 | -10.42 | 4.21 | -30.41 | -72.7 | 91.18 | -17.39 | 9.03 | 110.13 | 13.23 | 9.33 | -10.13 | -469.62 | -1289.87 | 2.35 | -19.8 | -8.91 |
| 22Q3 (12) | 0.19 | -80.41 | -87.5 | 4.46 | -66.39 | -78.15 | 2.87 | -75.34 | -83.8 | 2.94 | -75.78 | -83.2 | 2.47 | -74.14 | -82.37 | 1.39 | -79.25 | -88.81 | 0.81 | -77.87 | -87.26 | 0.28 | -24.32 | -37.78 | 6.05 | -57.69 | -69.81 | 110.38 | 14.94 | 14.03 | 97.26 | 1.28 | -3.98 | 2.74 | -35.05 | 311.3 | 2.93 | 1.74 | -2.01 |
| 22Q2 (11) | 0.97 | 5.43 | -24.81 | 13.27 | 13.32 | -18.99 | 11.64 | 11.92 | -20.71 | 12.14 | 18.67 | -17.64 | 9.55 | 16.61 | -26.76 | 6.70 | 8.24 | -43.98 | 3.66 | 4.57 | -37.54 | 0.37 | -11.9 | -15.91 | 14.30 | 17.21 | -16.28 | 96.03 | 20.78 | -5.55 | 96.03 | -5.49 | -3.57 | 4.22 | 362.94 | 903.97 | 2.88 | 7.46 | -11.11 |
| 22Q1 (10) | 0.92 | -31.85 | -3.16 | 11.71 | -28.81 | -9.15 | 10.40 | -23.87 | -7.14 | 10.23 | -24.56 | -7.67 | 8.19 | -24.52 | -26.55 | 6.19 | -37.28 | -36.71 | 3.50 | -34.09 | -24.73 | 0.42 | -12.5 | 5.0 | 12.20 | -20.88 | -11.79 | 79.51 | -4.93 | -31.37 | 101.60 | 0.87 | 0.62 | -1.60 | -120.19 | -64.17 | 2.68 | 3.88 | -17.79 |
| 21Q4 (9) | 1.35 | -11.18 | 60.71 | 16.45 | -19.4 | 52.31 | 13.66 | -22.91 | 45.78 | 13.56 | -22.51 | 35.74 | 10.85 | -22.56 | 7.11 | 9.87 | -20.53 | 3.03 | 5.31 | -16.51 | 21.23 | 0.48 | 6.67 | 14.29 | 15.42 | -23.05 | 20.37 | 83.63 | -13.61 | -29.35 | 100.73 | -0.56 | 7.5 | -0.73 | 43.81 | -111.57 | 2.58 | -13.71 | -16.23 |
| 21Q3 (8) | 1.52 | 17.83 | 149.18 | 20.41 | 24.6 | 89.51 | 17.72 | 20.71 | 91.77 | 17.50 | 18.72 | 88.58 | 14.01 | 7.44 | 53.45 | 12.42 | 3.85 | 61.72 | 6.36 | 8.53 | 88.17 | 0.45 | 2.27 | 28.57 | 20.04 | 17.33 | 38.11 | 96.80 | -4.79 | -30.16 | 101.30 | 1.72 | 1.8 | -1.30 | -408.59 | -363.21 | 2.99 | -7.72 | -19.41 |
| 21Q2 (7) | 1.29 | 35.79 | 437.5 | 16.38 | 27.08 | 210.82 | 14.68 | 31.07 | 287.34 | 14.74 | 33.03 | 264.85 | 13.04 | 16.95 | 228.46 | 11.96 | 22.29 | 283.33 | 5.86 | 26.02 | 293.29 | 0.44 | 10.0 | 37.5 | 17.08 | 23.5 | 93.21 | 101.67 | -12.24 | -28.72 | 99.58 | -1.38 | 5.04 | 0.42 | 143.0 | -93.53 | 3.24 | -0.61 | 0 |
| 21Q1 (6) | 0.95 | 13.1 | 493.75 | 12.89 | 19.35 | 151.27 | 11.20 | 19.53 | 203.52 | 11.08 | 10.91 | 300.0 | 11.15 | 10.07 | 293.99 | 9.78 | 2.09 | 340.54 | 4.65 | 6.16 | 311.5 | 0.40 | -4.76 | 25.0 | 13.83 | 7.96 | 79.38 | 115.85 | -2.13 | -19.44 | 100.98 | 7.76 | -24.99 | -0.98 | -115.52 | 97.01 | 3.26 | 5.84 | 0 |
| 20Q4 (5) | 0.84 | 37.7 | 1580.0 | 10.80 | 0.28 | 36100.0 | 9.37 | 1.41 | 799.25 | 9.99 | 7.65 | 1898.0 | 10.13 | 10.95 | 1482.81 | 9.58 | 24.74 | 1373.85 | 4.38 | 29.59 | 793.88 | 0.42 | 20.0 | 7.69 | 12.81 | -11.72 | 204.28 | 118.37 | -14.6 | -21.33 | 93.70 | -5.83 | 134.07 | 6.30 | 1178.15 | -98.36 | 3.08 | -16.98 | 0 |
| 20Q3 (4) | 0.61 | 154.17 | 0.0 | 10.77 | 104.36 | 0.0 | 9.24 | 143.8 | 0.0 | 9.28 | 129.7 | 0.0 | 9.13 | 129.97 | 0.0 | 7.68 | 146.15 | 0.0 | 3.38 | 126.85 | 0.0 | 0.35 | 9.37 | 0.0 | 14.51 | 64.14 | 0.0 | 138.61 | -2.83 | 0.0 | 99.51 | 4.96 | 0.0 | 0.49 | -92.41 | 0.0 | 3.71 | 0 | 0.0 |
| 20Q2 (3) | 0.24 | 50.0 | 0.0 | 5.27 | 2.73 | 0.0 | 3.79 | 2.71 | 0.0 | 4.04 | 45.85 | 0.0 | 3.97 | 40.28 | 0.0 | 3.12 | 40.54 | 0.0 | 1.49 | 31.86 | 0.0 | 0.32 | 0.0 | 0.0 | 8.84 | 14.66 | 0.0 | 142.64 | -0.81 | 0.0 | 94.81 | -29.57 | 0.0 | 6.49 | 119.86 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.16 | 220.0 | 0.0 | 5.13 | 17200.0 | 0.0 | 3.69 | 375.37 | 0.0 | 2.77 | 454.0 | 0.0 | 2.83 | 342.19 | 0.0 | 2.22 | 241.54 | 0.0 | 1.13 | 130.61 | 0.0 | 0.32 | -17.95 | 0.0 | 7.71 | 83.14 | 0.0 | 143.81 | -4.42 | 0.0 | 134.62 | 148.95 | 0.0 | -32.69 | -108.53 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.05 | 0.0 | 0.0 | -0.03 | 0.0 | 0.0 | -1.34 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | 0.64 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 150.46 | 0.0 | 0.0 | -275.00 | 0.0 | 0.0 | 383.33 | 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) | 1.28 | -44.35 | 6.53 | -23.8 | 4.84 | -31.25 | 2.53 | 33.75 | 4.76 | -32.67 | 3.96 | -30.77 | 9.43 | -43.3 | 5.30 | -43.13 | 1.24 | -20.0 | 7.70 | -17.47 | 93.86 | 2.94 | 101.60 | 2.04 | -1.60 | 0 | 0.01 | -3.78 | 3.44 | 28.36 |
| 2022 (9) | 2.30 | -54.99 | 8.57 | -48.81 | 7.04 | -51.31 | 1.89 | -4.66 | 7.07 | -50.77 | 5.72 | -53.31 | 16.63 | -61.58 | 9.32 | -58.49 | 1.55 | -13.41 | 9.33 | -44.1 | 91.18 | 9.03 | 99.57 | -1.09 | 0.43 | 0 | 0.01 | 3.22 | 2.68 | -10.07 |
| 2021 (8) | 5.11 | 176.22 | 16.74 | 100.72 | 14.46 | 110.48 | 1.98 | -45.14 | 14.36 | 107.22 | 12.25 | 76.77 | 43.29 | 95.35 | 22.45 | 117.96 | 1.79 | 30.66 | 16.69 | 48.36 | 83.63 | -29.35 | 100.67 | 1.68 | -0.72 | 0 | 0.01 | -61.76 | 2.98 | -13.87 |
| 2020 (7) | 1.85 | 208.33 | 8.34 | 131.02 | 6.87 | 265.43 | 3.61 | 24.44 | 6.93 | 250.0 | 6.93 | 243.07 | 22.16 | 165.39 | 10.30 | 159.45 | 1.37 | -9.27 | 11.25 | 99.12 | 118.37 | -21.33 | 99.00 | 4.44 | 0.83 | -84.08 | 0.03 | 85.56 | 3.46 | 30.57 |
| 2019 (6) | 0.60 | -62.03 | 3.61 | -44.2 | 1.88 | -62.1 | 2.90 | 16.95 | 1.98 | -56.48 | 2.02 | -56.37 | 8.35 | -66.06 | 3.97 | -54.68 | 1.51 | -9.58 | 5.65 | -27.66 | 150.46 | -25.24 | 94.79 | -12.95 | 5.21 | 0 | 0.02 | 10.93 | 2.65 | 9.5 |
| 2018 (5) | 1.58 | -18.97 | 6.47 | -29.21 | 4.96 | -32.33 | 2.48 | -15.45 | 4.55 | -31.58 | 4.63 | -29.1 | 24.60 | -41.08 | 8.76 | -21.15 | 1.67 | 9.87 | 7.81 | -26.04 | 201.25 | -15.32 | 108.89 | -1.32 | -8.89 | 0 | 0.01 | -3.17 | 2.42 | -9.7 |
| 2017 (4) | 1.95 | 4775.0 | 9.14 | 166.47 | 7.33 | 611.65 | 2.94 | -25.26 | 6.65 | 2560.0 | 6.53 | 3527.78 | 41.75 | 3266.94 | 11.11 | 722.96 | 1.52 | 31.03 | 10.56 | 94.48 | 237.65 | -48.84 | 110.36 | -72.81 | -10.36 | 0 | 0.02 | 0 | 2.68 | -22.99 |
| 2016 (3) | 0.04 | 0 | 3.43 | 0 | 1.03 | 0 | 3.93 | -28.67 | 0.25 | 0 | 0.18 | 0 | 1.24 | 0 | 1.35 | 0 | 1.16 | 30.34 | 5.43 | 0 | 464.50 | -13.58 | 405.88 | 414.65 | -305.88 | 0 | 0.00 | 0 | 3.48 | -20.37 |
| 2015 (2) | -3.13 | 0 | -13.06 | 0 | -16.36 | 0 | 5.51 | 76.7 | -20.75 | 0 | -21.37 | 0 | -92.29 | 0 | -17.64 | 0 | 0.89 | -39.04 | -13.28 | 0 | 537.48 | 74.51 | 78.87 | -7.92 | 21.13 | 47.22 | 0.00 | 0 | 4.37 | 43.28 |
| 2014 (1) | -2.06 | 0 | -2.54 | 0 | -5.24 | 0 | 3.12 | 22.09 | -6.13 | 0 | -6.13 | 0 | -35.11 | 0 | -7.83 | 0 | 1.46 | -2.67 | -2.06 | 0 | 308.00 | 9.43 | 85.64 | -24.39 | 14.36 | 0 | 0.00 | 0 | 3.05 | 7.77 |
