- 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 | -57.89 | -50.0 | 35.81 | 2.58 | -3.99 | 11.46 | -11.02 | -22.25 | 8.42 | -56.97 | -55.4 | 6.65 | -57.48 | -53.5 | 0.75 | -58.33 | -51.61 | 0.53 | -60.15 | -59.23 | 0.08 | 0.0 | -11.11 | 14.85 | -43.13 | -43.28 | 44.23 | 22.08 | 178.53 | 135.29 | 108.14 | 73.95 | -35.29 | -200.84 | -258.82 | 16.45 | 12.13 | 0.43 |
| 24Q2 (19) | 0.19 | 72.73 | -24.0 | 34.91 | -6.73 | 0.52 | 12.88 | 84.53 | 3.45 | 19.57 | 26.26 | -18.56 | 15.64 | 26.13 | -19.01 | 1.80 | 73.08 | -24.69 | 1.33 | 70.51 | -31.09 | 0.08 | 33.33 | -20.0 | 26.11 | 6.61 | -14.03 | 36.23 | 3.51 | 53.91 | 65.00 | 49.5 | 25.19 | 35.00 | -38.08 | -27.2 | 14.67 | -33.83 | -10.28 |
| 24Q1 (18) | 0.11 | 120.0 | 83.33 | 37.43 | -6.59 | 15.81 | 6.98 | -2.79 | 90.19 | 15.50 | 281.77 | 98.97 | 12.40 | 134.4 | 96.2 | 1.04 | 141.86 | 76.27 | 0.78 | 122.86 | 56.0 | 0.06 | -14.29 | -25.0 | 24.49 | 85.67 | 52.4 | 35.00 | 11.22 | 45.53 | 43.48 | -73.91 | -5.8 | 56.52 | 184.78 | 4.97 | 22.17 | 54.71 | 1.33 |
| 23Q4 (17) | 0.05 | -68.75 | -70.59 | 40.07 | 7.43 | -0.84 | 7.18 | -51.29 | -62.78 | 4.06 | -78.5 | -75.36 | 5.29 | -63.01 | -58.02 | 0.43 | -72.26 | -71.9 | 0.35 | -73.08 | -73.68 | 0.07 | -22.22 | -30.0 | 13.19 | -49.62 | -43.44 | 31.47 | 98.17 | 90.84 | 166.67 | 114.29 | 43.41 | -66.67 | -400.0 | -311.11 | 14.33 | -12.52 | -18.39 |
| 23Q3 (16) | 0.16 | -36.0 | -51.52 | 37.30 | 7.4 | 0.48 | 14.74 | 18.39 | -18.34 | 18.88 | -21.43 | -26.99 | 14.30 | -25.95 | -37.03 | 1.55 | -35.15 | -49.84 | 1.30 | -32.64 | -50.0 | 0.09 | -10.0 | -18.18 | 26.18 | -13.8 | -18.11 | 15.88 | -32.54 | 3.05 | 77.78 | 49.79 | 11.36 | 22.22 | -53.78 | -26.32 | 16.38 | 0.18 | 39.76 |
| 23Q2 (15) | 0.25 | 316.67 | -26.47 | 34.73 | 7.46 | -22.16 | 12.45 | 239.24 | -51.02 | 24.03 | 208.47 | -22.36 | 19.31 | 205.54 | -27.76 | 2.39 | 305.08 | -26.46 | 1.93 | 286.0 | -26.89 | 0.10 | 25.0 | 0.0 | 30.37 | 88.99 | -19.76 | 23.54 | -2.12 | 1.12 | 51.92 | 12.5 | -36.54 | 48.08 | -10.71 | 164.42 | 16.35 | -25.27 | 29.35 |
| 23Q1 (14) | 0.06 | -64.71 | -71.43 | 32.32 | -20.02 | -6.13 | 3.67 | -80.97 | -75.37 | 7.79 | -52.73 | -60.32 | 6.32 | -49.84 | -64.91 | 0.59 | -61.44 | -70.5 | 0.50 | -62.41 | -69.7 | 0.08 | -20.0 | -11.11 | 16.07 | -31.09 | -40.26 | 24.05 | 45.85 | -1.6 | 46.15 | -60.29 | -37.93 | 53.85 | 432.05 | 133.33 | 21.88 | 24.6 | 56.85 |
| 22Q4 (13) | 0.17 | -48.48 | 30.77 | 40.41 | 8.86 | 15.42 | 19.29 | 6.87 | 126.94 | 16.48 | -36.27 | 45.2 | 12.60 | -44.52 | 5.26 | 1.53 | -50.49 | 24.39 | 1.33 | -48.85 | 29.13 | 0.10 | -9.09 | 25.0 | 23.32 | -27.06 | 25.51 | 16.49 | 7.01 | -15.26 | 116.22 | 66.4 | 52.53 | -16.22 | -153.77 | -168.11 | 17.56 | 49.83 | 9.82 |
| 22Q3 (12) | 0.33 | -2.94 | 65.0 | 37.12 | -16.81 | 2.8 | 18.05 | -28.99 | 13.24 | 25.86 | -16.45 | 51.58 | 22.71 | -15.04 | 40.36 | 3.09 | -4.92 | 64.36 | 2.60 | -1.52 | 68.83 | 0.11 | 10.0 | 22.22 | 31.97 | -15.54 | 29.8 | 15.41 | -33.81 | -33.52 | 69.84 | -14.64 | -23.61 | 30.16 | 65.87 | 427.78 | 11.72 | -7.28 | -11.08 |
| 22Q2 (11) | 0.34 | 61.9 | 126.67 | 44.62 | 29.6 | 27.52 | 25.42 | 70.6 | 59.07 | 30.95 | 57.67 | 113.74 | 26.73 | 48.42 | 106.41 | 3.25 | 62.5 | 119.59 | 2.64 | 60.0 | 118.18 | 0.10 | 11.11 | 11.11 | 37.85 | 40.71 | 68.6 | 23.28 | -4.75 | -1.06 | 81.82 | 10.03 | -26.1 | 18.18 | -21.21 | 269.7 | 12.64 | -9.39 | -11.24 |
| 22Q1 (10) | 0.21 | 61.54 | 600.0 | 34.43 | -1.66 | 23.54 | 14.90 | 75.29 | 837.11 | 19.63 | 72.95 | 373.01 | 18.01 | 50.46 | 514.68 | 2.00 | 62.6 | 614.29 | 1.65 | 60.19 | 587.5 | 0.09 | 12.5 | 12.5 | 26.90 | 44.78 | 100.6 | 24.44 | 25.59 | 4.0 | 74.36 | -2.4 | 73.5 | 23.08 | -3.08 | -59.62 | 13.95 | -12.76 | -34.35 |
| 21Q4 (9) | 0.13 | -35.0 | -74.51 | 35.01 | -3.05 | -23.91 | 8.50 | -46.68 | -75.07 | 11.35 | -33.47 | -59.44 | 11.97 | -26.02 | -54.57 | 1.23 | -34.57 | -75.25 | 1.03 | -33.12 | -73.45 | 0.08 | -11.11 | -46.67 | 18.58 | -24.56 | -43.01 | 19.46 | -16.05 | -16.98 | 76.19 | -16.67 | -37.79 | 23.81 | 316.67 | 211.53 | 15.99 | 21.32 | 83.16 |
| 21Q3 (8) | 0.20 | 33.33 | -4.76 | 36.11 | 3.2 | -13.94 | 15.94 | -0.25 | -33.56 | 17.06 | 17.82 | -3.23 | 16.18 | 24.94 | -8.12 | 1.88 | 27.03 | -14.93 | 1.54 | 27.27 | -10.98 | 0.09 | 0.0 | -10.0 | 24.63 | 9.71 | 2.03 | 23.18 | -1.49 | -32.0 | 91.43 | -17.42 | -32.83 | 5.71 | 153.33 | 115.82 | 13.18 | -7.44 | -29.06 |
| 21Q2 (7) | 0.15 | 400.0 | 1400.0 | 34.99 | 25.55 | 15.14 | 15.98 | 905.03 | 427.39 | 14.48 | 248.92 | 1181.42 | 12.95 | 341.98 | 1046.02 | 1.48 | 428.57 | 1380.0 | 1.21 | 404.17 | 1110.0 | 0.09 | 12.5 | 28.57 | 22.45 | 67.41 | 122.94 | 23.53 | 0.13 | -0.63 | 110.71 | 158.33 | -44.64 | -10.71 | -118.75 | 92.86 | 14.24 | -32.99 | 0 |
| 21Q1 (6) | 0.03 | -94.12 | 133.33 | 27.87 | -39.43 | 30.6 | 1.59 | -95.34 | 107.71 | 4.15 | -85.17 | 126.23 | 2.93 | -88.88 | 118.52 | 0.28 | -94.37 | 128.87 | 0.24 | -93.81 | 130.77 | 0.08 | -46.67 | 60.0 | 13.41 | -58.87 | 542.57 | 23.50 | 0.26 | 9.92 | 42.86 | -65.01 | -65.71 | 57.14 | 367.67 | 282.86 | 21.25 | 143.41 | -43.04 |
| 20Q4 (5) | 0.51 | 142.86 | 737.5 | 46.01 | 9.65 | 86.73 | 34.09 | 42.1 | 889.12 | 27.98 | 58.71 | 373.24 | 26.35 | 49.63 | 357.32 | 4.97 | 124.89 | 713.58 | 3.88 | 124.28 | 696.92 | 0.15 | 50.0 | 114.29 | 32.60 | 35.05 | 0 | 23.44 | -31.24 | 13.07 | 122.47 | -10.02 | 165.36 | -21.35 | 40.88 | -134.69 | 8.73 | -53.01 | -62.53 |
| 20Q3 (4) | 0.21 | 2000.0 | 0.0 | 41.96 | 38.07 | 0.0 | 23.99 | 691.75 | 0.0 | 17.63 | 1460.18 | 0.0 | 17.61 | 1458.41 | 0.0 | 2.21 | 2110.0 | 0.0 | 1.73 | 1630.0 | 0.0 | 0.10 | 42.86 | 0.0 | 24.14 | 139.72 | 0.0 | 34.09 | 43.96 | 0.0 | 136.11 | -31.94 | 0.0 | -36.11 | 75.93 | 0.0 | 18.58 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | 111.11 | 0.0 | 30.39 | 42.41 | 0.0 | 3.03 | 114.69 | 0.0 | 1.13 | 107.14 | 0.0 | 1.13 | 107.14 | 0.0 | 0.10 | 110.31 | 0.0 | 0.10 | 112.82 | 0.0 | 0.07 | 40.0 | 0.0 | 10.07 | 432.34 | 0.0 | 23.68 | 10.76 | 0.0 | 200.00 | 60.0 | 0.0 | -150.00 | -380.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.09 | -12.5 | 0.0 | 21.34 | -13.39 | 0.0 | -20.62 | -377.31 | 0.0 | -15.82 | -54.49 | 0.0 | -15.82 | -54.49 | 0.0 | -0.97 | -19.75 | 0.0 | -0.78 | -20.0 | 0.0 | 0.05 | -28.57 | 0.0 | -3.03 | 0 | 0.0 | 21.38 | 3.14 | 0.0 | 125.00 | 170.83 | 0.0 | -31.25 | -150.78 | 0.0 | 37.31 | 60.13 | 0.0 |
| 19Q4 (1) | -0.08 | 0.0 | 0.0 | 24.64 | 0.0 | 0.0 | -4.32 | 0.0 | 0.0 | -10.24 | 0.0 | 0.0 | -10.24 | 0.0 | 0.0 | -0.81 | 0.0 | 0.0 | -0.65 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 20.73 | 0.0 | 0.0 | 46.15 | 0.0 | 0.0 | 61.54 | 0.0 | 0.0 | 23.30 | 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) | 0.52 | -50.94 | 35.92 | -8.32 | 9.95 | -48.84 | 7.11 | 17.83 | 14.86 | -36.28 | 12.12 | -39.61 | 4.79 | -50.41 | 3.89 | -52.73 | 0.32 | -21.95 | 22.59 | -24.88 | 31.47 | 90.84 | 66.98 | -19.7 | 33.02 | 99.08 | 0.00 | 0 | 17.25 | 23.83 |
| 2022 (9) | 1.06 | 107.84 | 39.18 | 16.12 | 19.45 | 77.14 | 6.04 | -16.61 | 23.32 | 91.93 | 20.07 | 76.21 | 9.66 | 101.25 | 8.23 | 104.73 | 0.41 | 17.14 | 30.07 | 49.53 | 16.49 | -15.26 | 83.41 | -7.43 | 16.59 | 67.7 | 0.00 | 0 | 13.93 | -12.5 |
| 2021 (8) | 0.51 | -20.31 | 33.74 | -13.15 | 10.98 | -40.9 | 7.24 | 12.12 | 12.15 | -16.78 | 11.39 | -18.12 | 4.80 | -23.81 | 4.02 | -23.28 | 0.35 | -5.41 | 20.11 | -6.94 | 19.46 | -16.98 | 90.11 | -29.06 | 9.89 | 0 | 0.00 | 0 | 15.92 | -5.07 |
| 2020 (7) | 0.64 | 0 | 38.85 | 27.5 | 18.58 | 0 | 6.46 | -33.02 | 14.60 | 16122.22 | 13.91 | 15355.56 | 6.30 | 20900.0 | 5.24 | 4663.64 | 0.37 | 48.0 | 21.61 | 106.99 | 23.44 | 13.07 | 127.03 | 0 | -27.03 | 0 | 0.00 | 0 | 16.77 | -38.32 |
| 2019 (6) | 0.00 | 0 | 30.47 | -10.3 | -0.87 | 0 | 9.64 | 22.25 | 0.09 | -98.31 | 0.09 | -98.31 | 0.03 | -98.22 | 0.11 | -92.62 | 0.25 | -3.85 | 10.44 | -26.63 | 20.73 | 2.17 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 27.19 | 4.34 |
| 2018 (5) | 0.17 | 0 | 33.97 | 4.56 | 2.69 | 0 | 7.88 | -4.11 | 5.32 | 0 | 5.31 | 0 | 1.69 | 0 | 1.49 | 0 | 0.26 | 18.18 | 14.23 | 540.99 | 20.29 | -6.28 | 50.00 | -26.09 | 50.00 | 54.55 | 0.00 | 0 | 26.06 | -17.32 |
| 2017 (4) | -0.20 | 0 | 32.49 | 7.4 | -5.05 | 0 | 8.22 | 3.88 | -7.52 | 0 | -7.56 | 0 | -2.06 | 0 | -1.55 | 0 | 0.22 | -12.0 | 2.22 | -82.83 | 21.65 | -18.09 | 67.65 | 0 | 32.35 | -88.4 | 0.00 | 0 | 31.52 | -0.44 |
| 2016 (3) | 0.08 | 166.67 | 30.25 | 1.27 | -6.60 | 0 | 7.92 | 15.79 | 3.67 | 121.08 | 2.68 | 173.47 | 0.82 | 182.76 | 0.77 | 126.47 | 0.25 | 4.17 | 12.93 | 29.82 | 26.43 | 31.89 | -178.95 | 0 | 278.95 | 14.11 | 0.00 | 0 | 31.66 | 3.53 |
| 2015 (2) | 0.03 | -95.95 | 29.87 | 20.69 | -2.55 | 0 | 6.84 | 23.45 | 1.66 | -91.78 | 0.98 | -94.97 | 0.29 | -95.89 | 0.34 | -94.04 | 0.24 | -17.24 | 9.96 | -63.6 | 20.04 | -8.03 | -144.44 | 0 | 244.44 | 494.34 | 0.00 | 0 | 30.58 | 18.9 |
| 2014 (1) | 0.74 | 362.5 | 24.75 | 0 | 11.96 | 0 | 5.54 | -1.12 | 20.20 | 0 | 19.47 | 0 | 7.05 | 0 | 5.70 | 0 | 0.29 | -3.33 | 27.36 | 128.0 | 21.79 | -29.18 | 58.87 | 0 | 41.13 | -74.41 | 0.00 | 0 | 25.72 | -25.69 |
