- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.73 | 30.36 | 465.0 | 13.22 | -0.6 | 69.27 | 5.75 | -15.57 | 478.29 | 9.08 | 124.75 | 489.7 | 7.31 | 39.77 | 371.75 | 1.95 | 29.14 | 448.21 | 1.24 | 26.53 | 663.64 | 0.15 | -11.76 | 25.0 | 19.22 | 41.74 | 70.09 | 71.05 | -4.92 | -0.85 | 63.33 | -62.44 | -3.62 | 36.67 | 153.45 | 6.94 | 20.89 | 2.2 | -17.85 |
| 23Q4 (19) | 0.56 | -22.22 | 330.77 | 13.30 | -0.82 | -15.12 | 6.81 | 9.13 | 2.71 | 4.04 | -35.36 | 28.25 | 5.23 | -26.13 | 241.83 | 1.51 | -23.74 | 319.44 | 0.98 | -23.44 | 206.25 | 0.17 | 0.0 | 21.43 | 13.56 | -16.55 | -10.14 | 74.73 | 5.77 | 9.75 | 168.60 | 69.94 | -20.83 | -68.60 | 0 | 38.26 | 20.44 | -15.47 | -23.16 |
| 23Q3 (18) | 0.72 | 44.0 | -38.46 | 13.41 | 11.47 | -19.41 | 6.24 | 30.82 | -44.04 | 6.25 | -31.84 | -63.83 | 7.08 | 35.11 | -46.49 | 1.98 | 39.44 | -39.08 | 1.28 | 36.17 | -31.18 | 0.17 | 6.25 | 30.77 | 16.25 | -17.3 | -44.02 | 70.65 | 6.96 | -8.26 | 99.21 | 90.79 | 53.6 | 0.00 | -100.0 | -100.0 | 24.18 | 17.84 | -5.69 |
| 23Q2 (17) | 0.50 | 350.0 | -71.59 | 12.03 | 54.03 | -34.26 | 4.77 | 413.82 | -50.98 | 9.17 | 493.56 | -49.78 | 5.24 | 294.8 | -63.66 | 1.42 | 353.57 | -72.32 | 0.94 | 527.27 | -65.06 | 0.16 | 33.33 | -11.11 | 19.65 | 73.89 | -26.6 | 66.05 | -7.83 | -29.97 | 52.00 | -20.87 | -2.34 | 48.00 | 40.0 | 3.15 | 20.52 | -19.31 | -8.96 |
| 23Q1 (16) | -0.20 | -253.85 | -128.99 | 7.81 | -50.16 | -48.85 | -1.52 | -122.93 | -122.89 | -2.33 | -173.97 | -135.74 | -2.69 | -275.82 | -149.72 | -0.56 | -255.56 | -129.95 | -0.22 | -168.75 | -122.45 | 0.12 | -14.29 | -25.0 | 11.30 | -25.12 | -27.38 | 71.66 | 5.24 | -30.13 | 65.71 | -69.14 | -35.15 | 34.29 | 130.86 | 1814.29 | 25.43 | -4.4 | 11.0 |
| 22Q4 (15) | 0.13 | -88.89 | -81.69 | 15.67 | -5.83 | -10.71 | 6.63 | -40.54 | -18.35 | 3.15 | -81.77 | -52.49 | 1.53 | -88.44 | -70.29 | 0.36 | -88.92 | -81.35 | 0.32 | -82.8 | -68.0 | 0.14 | 7.69 | -17.65 | 15.09 | -48.02 | 2.17 | 68.09 | -11.58 | -42.32 | 212.96 | 229.71 | 74.05 | -111.11 | -413.79 | -396.91 | 26.60 | 3.74 | 15.7 |
| 22Q3 (14) | 1.17 | -33.52 | 39.29 | 16.64 | -9.07 | 24.74 | 11.15 | 14.59 | 80.71 | 17.28 | -5.37 | 167.91 | 13.23 | -8.25 | 148.68 | 3.25 | -36.65 | 25.97 | 1.86 | -30.86 | 52.46 | 0.13 | -27.78 | -38.1 | 29.03 | 8.44 | 116.16 | 77.01 | -18.34 | -31.72 | 64.59 | 21.31 | -32.44 | 35.41 | -23.9 | 705.57 | 25.64 | 13.75 | 21.92 |
| 22Q2 (13) | 1.76 | 155.07 | 183.87 | 18.30 | 19.84 | 33.67 | 9.73 | 46.54 | 97.36 | 18.26 | 180.06 | 277.27 | 14.42 | 166.54 | 239.29 | 5.13 | 174.33 | 165.8 | 2.69 | 174.49 | 209.2 | 0.18 | 12.5 | 0.0 | 26.77 | 72.04 | 106.24 | 94.31 | -8.04 | -38.95 | 53.24 | -47.46 | -47.66 | 46.53 | 2426.62 | 2798.88 | 22.54 | -1.62 | -6.2 |
| 22Q1 (12) | 0.69 | -2.82 | 91.67 | 15.27 | -12.99 | 20.71 | 6.64 | -18.23 | 87.04 | 6.52 | -1.66 | 77.17 | 5.41 | 5.05 | 82.77 | 1.87 | -3.11 | 64.04 | 0.98 | -2.0 | 71.93 | 0.16 | -5.88 | 0.0 | 15.56 | 5.35 | 15.09 | 102.56 | -13.11 | -31.54 | 101.33 | -17.18 | 5.62 | -2.00 | 91.06 | -149.33 | 22.91 | -0.35 | -17.77 |
| 21Q4 (11) | 0.71 | -15.48 | 12.7 | 17.55 | 31.56 | 37.43 | 8.12 | 31.6 | 71.67 | 6.63 | 2.79 | 23.69 | 5.15 | -3.2 | 9.81 | 1.93 | -25.19 | -3.98 | 1.00 | -18.03 | 6.38 | 0.17 | -19.05 | -5.56 | 14.77 | 9.98 | 1.65 | 118.04 | 4.65 | -16.58 | 122.36 | 27.99 | 38.99 | -22.36 | -608.7 | -286.87 | 22.99 | 9.32 | -5.27 |
| 21Q3 (10) | 0.84 | 35.48 | 663.64 | 13.34 | -2.56 | 14.31 | 6.17 | 25.15 | 41.19 | 6.45 | 33.26 | 374.26 | 5.32 | 25.18 | 548.78 | 2.58 | 33.68 | 616.67 | 1.22 | 40.23 | 388.0 | 0.21 | 16.67 | 16.67 | 13.43 | 3.47 | 27.66 | 112.79 | -26.99 | -18.83 | 95.60 | -6.02 | -69.81 | 4.40 | 354.95 | 102.0 | 21.03 | -12.48 | -12.77 |
| 21Q2 (9) | 0.62 | 72.22 | 216.98 | 13.69 | 8.22 | 138.09 | 4.93 | 38.87 | 213.86 | 4.84 | 31.52 | 221.0 | 4.25 | 43.58 | 173.53 | 1.93 | 69.3 | 212.87 | 0.87 | 52.63 | 240.32 | 0.18 | 12.5 | 38.46 | 12.98 | -3.99 | 35.07 | 154.48 | 3.12 | 13.24 | 101.72 | 6.02 | -4.63 | -1.72 | -142.53 | 79.31 | 24.03 | -13.75 | -21.06 |
| 21Q1 (8) | 0.36 | -42.86 | 152.17 | 12.65 | -0.94 | 403.98 | 3.55 | -24.95 | 139.27 | 3.68 | -31.34 | 135.52 | 2.96 | -36.89 | 136.32 | 1.14 | -43.28 | 152.78 | 0.57 | -39.36 | 169.51 | 0.16 | -11.11 | 45.45 | 13.52 | -6.95 | 190.13 | 149.80 | 5.87 | 14.29 | 95.95 | 8.99 | 9.87 | 4.05 | -66.12 | -68.02 | 27.86 | 14.79 | -17.03 |
| 20Q4 (7) | 0.63 | 472.73 | 6200.0 | 12.77 | 9.43 | 61.44 | 4.73 | 8.24 | 226.13 | 5.36 | 294.12 | 368.0 | 4.69 | 471.95 | 5111.11 | 2.01 | 458.33 | 9950.0 | 0.94 | 276.0 | 623.08 | 0.18 | 0.0 | 50.0 | 14.53 | 38.12 | 16.61 | 141.50 | 1.84 | 7.65 | 88.03 | -72.2 | -53.49 | 11.97 | 105.44 | 113.4 | 24.27 | 0.66 | -32.34 |
| 20Q3 (6) | 0.11 | 120.75 | -38.89 | 11.67 | 102.96 | 6.87 | 4.37 | 200.92 | 43600.0 | 1.36 | 134.0 | -58.28 | 0.82 | 114.19 | -56.61 | 0.36 | 121.05 | -33.33 | 0.25 | 140.32 | -28.57 | 0.18 | 38.46 | 38.46 | 10.52 | 9.47 | -35.89 | 138.95 | 1.85 | 9.22 | 316.67 | 196.87 | 0 | -220.00 | -2540.0 | -320.0 | 24.11 | -20.8 | -33.4 |
| 20Q2 (5) | -0.53 | 23.19 | -5400.0 | 5.75 | 129.08 | -44.34 | -4.33 | 52.1 | -659.65 | -4.00 | 61.39 | -640.54 | -5.78 | 29.08 | -9733.33 | -1.71 | 20.83 | -8650.0 | -0.62 | 24.39 | -576.92 | 0.13 | 18.18 | 8.33 | 9.61 | 106.22 | -28.76 | 136.42 | 4.08 | 6.26 | 106.67 | 22.15 | 242.22 | -8.33 | -165.74 | -105.0 | 30.44 | -9.35 | -18.48 |
| 20Q1 (4) | -0.69 | -7000.0 | 0.0 | 2.51 | -68.27 | 0.0 | -9.04 | -141.07 | 0.0 | -10.36 | -418.0 | 0.0 | -8.15 | -9155.56 | 0.0 | -2.16 | -10900.0 | 0.0 | -0.82 | -730.77 | 0.0 | 0.11 | -8.33 | 0.0 | 4.66 | -62.6 | 0.0 | 131.07 | -0.28 | 0.0 | 87.32 | -53.87 | 0.0 | 12.68 | 114.2 | 0.0 | 33.58 | -6.38 | 0.0 |
| 19Q4 (3) | 0.01 | -94.44 | 0.0 | 7.91 | -27.56 | 0.0 | -3.75 | -37600.0 | 0.0 | -2.00 | -161.35 | 0.0 | 0.09 | -95.24 | 0.0 | 0.02 | -96.3 | 0.0 | 0.13 | -62.86 | 0.0 | 0.12 | -7.69 | 0.0 | 12.46 | -24.07 | 0.0 | 131.44 | 3.32 | 0.0 | 189.29 | 0 | 0.0 | -89.29 | -189.29 | 0.0 | 35.87 | -0.91 | 0.0 |
| 19Q3 (2) | 0.18 | 1700.0 | 0.0 | 10.92 | 5.71 | 0.0 | 0.01 | 101.75 | 0.0 | 3.26 | 340.54 | 0.0 | 1.89 | 3050.0 | 0.0 | 0.54 | 2600.0 | 0.0 | 0.35 | 169.23 | 0.0 | 0.13 | 8.33 | 0.0 | 16.41 | 21.65 | 0.0 | 127.22 | -0.9 | 0.0 | 0.00 | 100.0 | 0.0 | 100.00 | -40.0 | 0.0 | 36.20 | -3.05 | 0.0 |
| 19Q2 (1) | 0.01 | 0.0 | 0.0 | 10.33 | 0.0 | 0.0 | -0.57 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 13.49 | 0.0 | 0.0 | 128.38 | 0.0 | 0.0 | -75.00 | 0.0 | 0.0 | 166.67 | 0.0 | 0.0 | 37.34 | 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) | 1.57 | -57.34 | 11.92 | -27.98 | 4.48 | -47.48 | 9.48 | 7.8 | 4.66 | -59.86 | 4.15 | -53.63 | 4.29 | -59.76 | 2.92 | -51.01 | 0.60 | -3.23 | 15.38 | -29.06 | 74.73 | 9.75 | 96.03 | 30.78 | 3.68 | -86.14 | 0.61 | -5.68 | 22.45 | -7.08 |
| 2022 (9) | 3.68 | 48.39 | 16.55 | 15.41 | 8.53 | 46.82 | 8.79 | 25.13 | 11.61 | 110.33 | 8.95 | 98.01 | 10.66 | 43.47 | 5.96 | 62.84 | 0.62 | -13.89 | 21.68 | 58.36 | 68.09 | -42.32 | 73.43 | -30.24 | 26.57 | 0 | 0.64 | 14.83 | 24.16 | 1.98 |
| 2021 (8) | 2.48 | 0 | 14.34 | 58.63 | 5.81 | 4050.0 | 7.02 | -25.89 | 5.52 | 0 | 4.52 | 0 | 7.43 | 0 | 3.66 | 0 | 0.72 | 22.03 | 13.69 | 31.38 | 118.04 | -16.58 | 105.26 | 0 | -5.26 | 0 | 0.56 | -20.11 | 23.69 | -13.1 |
| 2020 (7) | -0.48 | 0 | 9.04 | -9.96 | 0.14 | 0 | 9.48 | -10.63 | -0.76 | 0 | -1.07 | 0 | -1.48 | 0 | -0.21 | 0 | 0.59 | 20.41 | 10.42 | -27.94 | 141.50 | 7.65 | -18.18 | 0 | 118.18 | -41.29 | 0.70 | -13.81 | 27.26 | -25.07 |
| 2019 (6) | 0.43 | -36.76 | 10.04 | -18.57 | -1.28 | 0 | 10.60 | 16.72 | 1.25 | -48.35 | 1.14 | -30.06 | 1.31 | -35.78 | 1.05 | -23.36 | 0.49 | -7.55 | 14.46 | 4.63 | 131.44 | -3.66 | -101.30 | 0 | 201.30 | 198.29 | 0.81 | -7.73 | 36.38 | 3.82 |
| 2018 (5) | 0.68 | -48.87 | 12.33 | -33.6 | 0.79 | -85.37 | 9.09 | 5.21 | 2.42 | -55.92 | 1.63 | -54.72 | 2.04 | -48.48 | 1.37 | -38.29 | 0.53 | 8.16 | 13.82 | -12.37 | 136.44 | -1.22 | 32.52 | -66.98 | 67.48 | 4326.99 | 0.88 | 0 | 35.04 | -10.18 |
| 2017 (4) | 1.33 | -70.96 | 18.57 | -27.12 | 5.40 | -59.52 | 8.64 | 58.75 | 5.49 | -64.83 | 3.60 | -70.02 | 3.96 | -71.71 | 2.22 | -68.38 | 0.49 | -14.04 | 15.77 | -27.43 | 138.12 | 19.3 | 98.48 | 15.29 | 1.52 | -89.55 | 0.00 | 0 | 39.01 | 23.25 |
| 2016 (3) | 4.58 | 19.58 | 25.48 | 10.83 | 13.34 | 23.52 | 5.44 | 20.48 | 15.61 | 30.74 | 12.01 | 30.54 | 14.00 | 13.64 | 7.02 | -0.43 | 0.57 | -24.0 | 21.73 | 28.73 | 115.78 | 29.46 | 85.42 | -5.6 | 14.58 | 53.2 | 0.00 | 0 | 31.65 | -2.19 |
| 2015 (2) | 3.83 | 0.26 | 22.99 | 2.82 | 10.80 | -2.35 | 4.52 | -0.15 | 11.94 | -6.57 | 9.20 | -8.73 | 12.32 | -2.3 | 7.05 | -11.21 | 0.75 | -1.32 | 16.88 | -5.33 | 89.43 | 32.74 | 90.48 | 4.55 | 9.52 | -29.24 | 0.00 | 0 | 32.36 | 6.73 |
| 2014 (1) | 3.82 | -31.17 | 22.36 | 0 | 11.06 | 0 | 4.52 | 3.9 | 12.78 | 0 | 10.08 | 0 | 12.61 | 0 | 7.94 | 0 | 0.76 | -11.63 | 17.83 | -24.22 | 67.37 | 11.37 | 86.55 | -0.03 | 13.45 | 0.21 | 0.00 | 0 | 30.32 | 8.83 |
