- 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) | -0.39 | -200.0 | -225.81 | 9.85 | -45.85 | -63.33 | -12.49 | -60.33 | -286.98 | -15.69 | -149.44 | -218.33 | -15.45 | -198.26 | -226.43 | -2.18 | -225.37 | -234.57 | -1.17 | -244.12 | -195.9 | 0.08 | 0.0 | -20.0 | 4.16 | -50.59 | -84.09 | 79.62 | 14.23 | 99.4 | 79.56 | -35.6 | 58.06 | 20.44 | 186.88 | -58.84 | 24.40 | -6.73 | -3.94 |
| 24Q2 (19) | -0.13 | -62.5 | -150.0 | 18.19 | 8.4 | -23.22 | -7.79 | 28.14 | -250.68 | -6.29 | -75.7 | -146.94 | -5.18 | -30.48 | -145.8 | -0.67 | -48.89 | -149.26 | -0.34 | -41.67 | -131.48 | 0.08 | 14.29 | -11.11 | 8.42 | -29.3 | -66.97 | 69.70 | 19.25 | 101.39 | 123.53 | -59.62 | 223.08 | -23.53 | 88.57 | -138.55 | 26.16 | -14.03 | 4.93 |
| 24Q1 (18) | -0.08 | -166.67 | -150.0 | 16.78 | -27.33 | -11.08 | -10.84 | -1006.12 | -133.62 | -3.58 | 30.62 | -143.71 | -3.97 | -126.86 | -147.21 | -0.45 | -114.29 | -154.88 | -0.24 | -140.0 | -135.29 | 0.07 | -12.5 | -12.5 | 11.91 | 26.3 | -47.3 | 58.45 | 24.36 | 142.13 | 305.88 | 1490.59 | 633.33 | -205.88 | -354.9 | -230.84 | 30.43 | 23.15 | -1.39 |
| 23Q4 (17) | -0.03 | -109.68 | 25.0 | 23.09 | -14.04 | 25.69 | -0.98 | -114.67 | 77.0 | -5.16 | -138.91 | 14.71 | -1.75 | -114.32 | 20.09 | -0.21 | -112.96 | 4.55 | -0.10 | -108.2 | 37.5 | 0.08 | -20.0 | 0.0 | 9.43 | -63.93 | 15.85 | 47.00 | 17.71 | 95.51 | 19.23 | -61.79 | -72.97 | 80.77 | 62.63 | 180.0 | 24.71 | -2.72 | -5.51 |
| 23Q3 (16) | 0.31 | 19.23 | 29.17 | 26.86 | 13.38 | -1.5 | 6.68 | 29.21 | -14.03 | 13.26 | -1.04 | 2.31 | 12.22 | 8.05 | 22.08 | 1.62 | 19.12 | 30.65 | 1.22 | 12.96 | 27.08 | 0.10 | 11.11 | 11.11 | 26.14 | 2.55 | 11.19 | 39.93 | 15.37 | 51.25 | 50.34 | 31.65 | -15.9 | 49.66 | -18.62 | 23.71 | 25.40 | 1.89 | 4.31 |
| 23Q2 (15) | 0.26 | 62.5 | -18.75 | 23.69 | 25.54 | -19.99 | 5.17 | 211.42 | -65.28 | 13.40 | 63.61 | -0.07 | 11.31 | 34.48 | 6.4 | 1.36 | 65.85 | -11.69 | 1.08 | 58.82 | -9.24 | 0.09 | 12.5 | -18.18 | 25.49 | 12.79 | 17.14 | 34.61 | 43.37 | -12.02 | 38.24 | 166.67 | -65.63 | 61.03 | -61.21 | 643.16 | 24.93 | -19.22 | 15.04 |
| 23Q1 (14) | 0.16 | 500.0 | -46.67 | 18.87 | 2.72 | -35.33 | -4.64 | -8.92 | -142.61 | 8.19 | 235.37 | -42.73 | 8.41 | 484.02 | -18.35 | 0.82 | 472.73 | -39.26 | 0.68 | 525.0 | -37.61 | 0.08 | 0.0 | -20.0 | 22.60 | 177.64 | -0.44 | 24.14 | 0.42 | -0.7 | -57.35 | -180.6 | -174.97 | 157.35 | 445.49 | 554.45 | 30.86 | 18.01 | 28.8 |
| 22Q4 (13) | -0.04 | -116.67 | -110.26 | 18.37 | -32.64 | -39.67 | -4.26 | -154.83 | -133.28 | -6.05 | -146.68 | -153.35 | -2.19 | -121.88 | -119.38 | -0.22 | -117.74 | -113.5 | -0.16 | -116.67 | -112.5 | 0.08 | -11.11 | -27.27 | 8.14 | -65.38 | -59.54 | 24.04 | -8.94 | -11.94 | 71.15 | 18.88 | -36.98 | 28.85 | -28.15 | 323.56 | 26.15 | 7.39 | 43.92 |
| 22Q3 (12) | 0.24 | -25.0 | -61.29 | 27.27 | -7.9 | -19.91 | 7.77 | -47.82 | -57.95 | 12.96 | -3.36 | -29.22 | 10.01 | -5.83 | -26.61 | 1.24 | -19.48 | -57.97 | 0.96 | -19.33 | -56.16 | 0.09 | -18.18 | -43.75 | 23.51 | 8.04 | -6.11 | 26.40 | -32.89 | -17.01 | 59.85 | -46.19 | -40.68 | 40.15 | 457.3 | 4529.44 | 24.35 | 12.37 | -22.89 |
| 22Q2 (11) | 0.32 | 6.67 | -34.69 | 29.61 | 1.47 | -8.53 | 14.89 | 36.73 | -6.12 | 13.41 | -6.22 | -18.28 | 10.63 | 3.2 | -19.59 | 1.54 | 14.07 | -37.9 | 1.19 | 9.17 | -31.61 | 0.11 | 10.0 | -15.38 | 21.76 | -4.14 | -14.2 | 39.34 | 61.83 | -6.49 | 111.24 | 45.4 | 15.3 | -11.24 | -146.73 | -418.82 | 21.67 | -9.56 | -6.35 |
| 22Q1 (10) | 0.30 | -23.08 | -54.55 | 29.18 | -4.17 | -6.95 | 10.89 | -14.92 | -38.89 | 14.30 | 26.1 | -24.38 | 10.30 | -8.85 | -33.46 | 1.35 | -17.18 | -58.84 | 1.09 | -14.84 | -53.22 | 0.10 | -9.09 | -33.33 | 22.70 | 12.82 | -15.24 | 24.31 | -10.95 | -50.14 | 76.50 | -32.24 | -18.89 | 24.04 | 286.34 | 322.89 | 23.96 | 31.87 | 7.83 |
| 21Q4 (9) | 0.39 | -37.1 | -17.02 | 30.45 | -10.57 | -4.19 | 12.80 | -30.74 | 0.08 | 11.34 | -38.07 | 4.13 | 11.30 | -17.16 | -11.99 | 1.63 | -44.75 | -31.51 | 1.28 | -41.55 | -25.15 | 0.11 | -31.25 | -15.38 | 20.12 | -19.65 | 2.29 | 27.30 | -14.18 | -28.76 | 112.90 | 11.89 | -3.68 | -12.90 | -1323.66 | 25.06 | 18.17 | -42.46 | -31.72 |
| 21Q3 (8) | 0.62 | 26.53 | 12.73 | 34.05 | 5.19 | 14.38 | 18.48 | 16.52 | 25.46 | 18.31 | 11.58 | 40.52 | 13.64 | 3.18 | 10.27 | 2.95 | 18.95 | 2.08 | 2.19 | 25.86 | 9.5 | 0.16 | 23.08 | 0.0 | 25.04 | -1.26 | 22.62 | 31.81 | -24.39 | -32.23 | 100.91 | 4.59 | -10.63 | -0.91 | -125.72 | 92.98 | 31.58 | 36.47 | 46.47 |
| 21Q2 (7) | 0.49 | -25.76 | 308.33 | 32.37 | 3.22 | 21.19 | 15.86 | -11.0 | 87.03 | 16.41 | -13.22 | 201.65 | 13.22 | -14.6 | 262.19 | 2.48 | -24.39 | 293.65 | 1.74 | -25.32 | 270.21 | 0.13 | -13.33 | 8.33 | 25.36 | -5.3 | 59.7 | 42.07 | -13.72 | -13.28 | 96.48 | 2.29 | -38.52 | 3.52 | -38.02 | 106.19 | 23.14 | 4.14 | -7.22 |
| 21Q1 (6) | 0.66 | 40.43 | 106.25 | 31.36 | -1.32 | 5.38 | 17.82 | 39.33 | 56.45 | 18.91 | 73.65 | 42.39 | 15.48 | 20.56 | 48.28 | 3.28 | 37.82 | 91.81 | 2.33 | 36.26 | 87.9 | 0.15 | 15.38 | 36.36 | 26.78 | 36.15 | 9.4 | 48.76 | 27.24 | -1.99 | 94.31 | -19.54 | 9.92 | 5.69 | 133.02 | -59.94 | 22.22 | -16.5 | -17.12 |
| 20Q4 (5) | 0.47 | -14.55 | 34.29 | 31.78 | 6.75 | 12.5 | 12.79 | -13.17 | -10.87 | 10.89 | -16.42 | -21.09 | 12.84 | 3.8 | 14.23 | 2.38 | -17.65 | 17.82 | 1.71 | -14.5 | 14.77 | 0.13 | -18.75 | 0.0 | 19.67 | -3.67 | -17.8 | 38.32 | -18.36 | -8.33 | 117.22 | 3.82 | 12.78 | -17.22 | -33.44 | -337.84 | 26.61 | 23.42 | 25.99 |
| 20Q3 (4) | 0.55 | 358.33 | 0.0 | 29.77 | 11.46 | 0.0 | 14.73 | 73.7 | 0.0 | 13.03 | 139.52 | 0.0 | 12.37 | 238.9 | 0.0 | 2.89 | 358.73 | 0.0 | 2.00 | 325.53 | 0.0 | 0.16 | 33.33 | 0.0 | 20.42 | 28.59 | 0.0 | 46.94 | -3.24 | 0.0 | 112.90 | -28.05 | 0.0 | -12.90 | 77.33 | 0.0 | 21.56 | -13.55 | 0.0 |
| 20Q2 (3) | 0.12 | -62.5 | 0.0 | 26.71 | -10.25 | 0.0 | 8.48 | -25.55 | 0.0 | 5.44 | -59.04 | 0.0 | 3.65 | -65.04 | 0.0 | 0.63 | -63.16 | 0.0 | 0.47 | -62.1 | 0.0 | 0.12 | 9.09 | 0.0 | 15.88 | -35.13 | 0.0 | 48.51 | -2.49 | 0.0 | 156.92 | 82.88 | 0.0 | -56.92 | -501.05 | 0.0 | 24.94 | -6.98 | 0.0 |
| 20Q1 (2) | 0.32 | -8.57 | 0.0 | 29.76 | 5.35 | 0.0 | 11.39 | -20.63 | 0.0 | 13.28 | -3.77 | 0.0 | 10.44 | -7.12 | 0.0 | 1.71 | -15.35 | 0.0 | 1.24 | -16.78 | 0.0 | 0.11 | -15.38 | 0.0 | 24.48 | 2.3 | 0.0 | 49.75 | 19.02 | 0.0 | 85.81 | -17.44 | 0.0 | 14.19 | 460.92 | 0.0 | 26.81 | 26.94 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 28.25 | 0.0 | 0.0 | 14.35 | 0.0 | 0.0 | 13.80 | 0.0 | 0.0 | 11.24 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 1.49 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 23.93 | 0.0 | 0.0 | 41.80 | 0.0 | 0.0 | 103.93 | 0.0 | 0.0 | -3.93 | 0.0 | 0.0 | 21.12 | 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) | 0.70 | -14.63 | 23.42 | -12.64 | 1.98 | -76.6 | 12.36 | 32.7 | 7.56 | -23.33 | 7.65 | -3.89 | 3.57 | -9.85 | 2.77 | -14.24 | 0.34 | -15.0 | 21.00 | 5.79 | 47.00 | 95.51 | 26.33 | -69.27 | 74.00 | 416.84 | 0.28 | 55.65 | 26.25 | 10.29 |
| 2022 (9) | 0.82 | -61.14 | 26.81 | -16.69 | 8.46 | -48.57 | 9.32 | 26.05 | 9.86 | -40.17 | 7.96 | -41.04 | 3.96 | -58.49 | 3.23 | -55.99 | 0.40 | -24.53 | 19.85 | -18.81 | 24.04 | -11.94 | 85.68 | -14.15 | 14.32 | 7151.9 | 0.18 | 58.73 | 23.80 | -1.98 |
| 2021 (8) | 2.11 | 38.82 | 32.18 | 9.46 | 16.45 | 33.41 | 7.39 | -9.6 | 16.48 | 48.6 | 13.50 | 31.2 | 9.54 | 24.06 | 7.34 | 28.77 | 0.53 | 0.0 | 24.45 | 22.01 | 27.30 | -28.76 | 99.80 | -10.19 | 0.20 | 0 | 0.11 | -13.8 | 24.28 | 0.75 |
| 2020 (7) | 1.52 | 4.83 | 29.40 | -2.78 | 12.33 | -9.74 | 8.18 | -6.55 | 11.09 | -23.62 | 10.29 | -7.8 | 7.69 | -5.88 | 5.70 | -7.62 | 0.53 | 0.0 | 20.04 | -16.98 | 38.32 | -8.33 | 111.13 | 18.19 | -11.13 | 0 | 0.13 | -3.15 | 24.10 | 5.01 |
| 2019 (6) | 1.45 | -1.36 | 30.24 | 0.03 | 13.66 | -0.73 | 8.75 | 8.4 | 14.52 | -0.14 | 11.16 | -8.3 | 8.17 | -7.68 | 6.17 | -8.18 | 0.53 | 0.0 | 24.14 | 3.43 | 41.80 | 18.18 | 94.03 | -0.62 | 5.84 | 8.55 | 0.14 | 53.87 | 22.95 | -2.8 |
| 2018 (5) | 1.47 | 10.53 | 30.23 | 2.16 | 13.76 | -1.85 | 8.07 | 11.4 | 14.54 | 0.0 | 12.17 | 1.16 | 8.85 | -0.34 | 6.72 | 0.15 | 0.53 | -1.85 | 23.34 | 3.78 | 35.37 | -4.2 | 94.62 | -1.88 | 5.38 | 50.95 | 0.09 | 0 | 23.61 | 8.85 |
| 2017 (4) | 1.33 | -15.29 | 29.59 | 1.86 | 14.02 | 12.88 | 7.25 | 2.74 | 14.54 | -18.68 | 12.03 | -22.74 | 8.88 | -18.83 | 6.71 | -14.3 | 0.54 | 10.2 | 22.49 | -12.83 | 36.92 | 1.04 | 96.43 | 38.85 | 3.57 | -88.32 | 0.00 | 0 | 21.69 | -2.3 |
| 2016 (3) | 1.57 | 49.52 | 29.05 | 7.63 | 12.42 | 23.71 | 7.05 | 0.02 | 17.88 | 41.9 | 15.57 | 52.95 | 10.94 | 45.87 | 7.83 | 52.63 | 0.49 | 4.26 | 25.80 | 24.28 | 36.54 | -30.52 | 69.45 | -13.0 | 30.55 | 50.42 | 0.00 | 0 | 22.20 | 3.54 |
| 2015 (2) | 1.05 | 1.94 | 26.99 | 1.96 | 10.04 | -15.06 | 7.05 | 4.06 | 12.60 | 19.21 | 10.18 | 14.51 | 7.50 | -1.06 | 5.13 | 1.38 | 0.47 | -9.62 | 20.76 | 12.46 | 52.59 | -13.12 | 79.83 | -28.52 | 20.31 | 0 | 0.00 | 0 | 21.44 | 14.71 |
| 2014 (1) | 1.03 | 33.77 | 26.47 | 0 | 11.82 | 0 | 6.78 | -3.76 | 10.57 | 0 | 8.89 | 0 | 7.58 | 0 | 5.06 | 0 | 0.52 | -5.45 | 18.46 | 14.66 | 60.53 | -6.91 | 111.68 | 18.79 | -11.83 | 0 | 0.00 | 0 | 18.69 | 5.71 |
