- 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) | 0.15 | -25.0 | -44.44 | 8.31 | -17.07 | -15.72 | 3.51 | -24.68 | -31.04 | 2.89 | -30.19 | -41.02 | 2.31 | -30.21 | -47.5 | 0.95 | -23.39 | -50.26 | 0.64 | -18.99 | -40.19 | 0.22 | 10.0 | 4.76 | 5.63 | -19.11 | -28.28 | 87.92 | -0.76 | 28.82 | 119.51 | 5.33 | 15.53 | -21.95 | -63.07 | -536.59 | 17.00 | -11.69 | -7.91 |
| 24Q2 (19) | 0.20 | 11.11 | 211.11 | 10.02 | 13.61 | 187.11 | 4.66 | 11.48 | 410.67 | 4.14 | 8.38 | 284.82 | 3.31 | 8.17 | 245.18 | 1.24 | 9.73 | 183.22 | 0.79 | 2.6 | 319.44 | 0.20 | -9.09 | -16.67 | 6.96 | 6.91 | 894.29 | 88.59 | 4.84 | -47.73 | 113.46 | 2.76 | 73.18 | -13.46 | -61.54 | -143.38 | 19.25 | 8.39 | -4.75 |
| 24Q1 (18) | 0.18 | 5.88 | 800.0 | 8.82 | 4.38 | 46.03 | 4.18 | 23.3 | 354.35 | 3.82 | 35.94 | 1217.24 | 3.06 | 24.39 | 1230.43 | 1.13 | 21.51 | 707.14 | 0.77 | 14.93 | 234.78 | 0.22 | -4.35 | 0.0 | 6.51 | 21.68 | 85.47 | 84.50 | 42.02 | -50.74 | 110.42 | -9.66 | -66.88 | -8.33 | 62.5 | 96.43 | 17.76 | 1.78 | -9.25 |
| 23Q4 (17) | 0.17 | -37.04 | 466.67 | 8.45 | -14.3 | 11.04 | 3.39 | -33.4 | 77.49 | 2.81 | -42.65 | 430.19 | 2.46 | -44.09 | 446.67 | 0.93 | -51.31 | 287.5 | 0.67 | -37.38 | 157.69 | 0.23 | 9.52 | 9.52 | 5.35 | -31.85 | 40.05 | 59.50 | -12.82 | -61.66 | 122.22 | 18.15 | -63.33 | -22.22 | -544.44 | 90.48 | 17.45 | -5.47 | -16.79 |
| 23Q3 (16) | 0.27 | 250.0 | 575.0 | 9.86 | 182.52 | 67.4 | 5.09 | 439.33 | 327.73 | 4.90 | 318.75 | 610.14 | 4.40 | 292.98 | 714.81 | 1.91 | 228.19 | 496.87 | 1.07 | 397.22 | 345.83 | 0.21 | -12.5 | -8.7 | 7.85 | 1021.43 | 122.38 | 68.25 | -59.73 | -57.48 | 103.45 | 57.89 | -36.34 | -3.45 | -111.11 | 95.4 | 18.46 | -8.66 | -1.44 |
| 23Q2 (15) | -0.18 | -1000.0 | -263.64 | 3.49 | -42.22 | -47.12 | -1.50 | -263.04 | -191.46 | -2.24 | -872.41 | -232.54 | -2.28 | -1091.3 | -240.74 | -1.49 | -1164.29 | -271.26 | -0.36 | -256.52 | -178.26 | 0.24 | 9.09 | 14.29 | 0.70 | -80.06 | -84.85 | 169.49 | -1.19 | 11.18 | 65.52 | -80.34 | -34.48 | 31.03 | 113.3 | 427.59 | 20.21 | 3.27 | -2.56 |
| 23Q1 (14) | 0.02 | -33.33 | 122.22 | 6.04 | -20.63 | 40.47 | 0.92 | -51.83 | 169.17 | 0.29 | -45.28 | 118.12 | 0.23 | -48.89 | 114.38 | 0.14 | -41.67 | 119.44 | 0.23 | -11.54 | 227.78 | 0.22 | 4.76 | 22.22 | 3.51 | -8.12 | 90.76 | 171.53 | 10.54 | 14.24 | 333.33 | 0.0 | 288.89 | -233.33 | 0.0 | -1733.33 | 19.57 | -6.68 | -17.08 |
| 22Q4 (13) | 0.03 | -25.0 | -75.0 | 7.61 | 29.2 | 5.4 | 1.91 | 60.5 | 4.95 | 0.53 | -23.19 | -57.94 | 0.45 | -16.67 | -73.53 | 0.24 | -25.0 | -73.03 | 0.26 | 8.33 | -44.68 | 0.21 | -8.7 | 0.0 | 3.82 | 8.22 | -3.29 | 155.18 | -3.32 | 7.89 | 333.33 | 105.13 | 140.74 | -233.33 | -211.11 | -405.56 | 20.97 | 11.96 | 1.8 |
| 22Q3 (12) | 0.04 | -63.64 | 0 | 5.89 | -10.76 | 2.08 | 1.19 | -27.44 | 595.83 | 0.69 | -59.17 | 413.64 | 0.54 | -66.67 | 1900.0 | 0.32 | -63.22 | 1700.0 | 0.24 | -47.83 | 166.67 | 0.23 | 9.52 | 15.0 | 3.53 | -23.59 | 40.64 | 160.51 | 5.29 | 10.58 | 162.50 | 62.5 | 62.5 | -75.00 | -1375.0 | 0 | 18.73 | -9.69 | -16.42 |
| 22Q2 (11) | 0.11 | 222.22 | -59.26 | 6.60 | 53.49 | 32.26 | 1.64 | 223.31 | 364.52 | 1.69 | 205.62 | -55.29 | 1.62 | 201.25 | -54.24 | 0.87 | 220.83 | -56.93 | 0.46 | 355.56 | -47.73 | 0.21 | 16.67 | -4.55 | 4.62 | 151.09 | -28.81 | 152.44 | 1.53 | 4.17 | 100.00 | 16.67 | 733.33 | 5.88 | -58.82 | -95.03 | 20.74 | -12.12 | 1.22 |
| 22Q1 (10) | -0.09 | -175.0 | -150.0 | 4.30 | -40.44 | -21.1 | -1.33 | -173.08 | -329.03 | -1.60 | -226.98 | -149.84 | -1.60 | -194.12 | -159.93 | -0.72 | -180.9 | -148.98 | -0.18 | -138.3 | -128.12 | 0.18 | -14.29 | -10.0 | 1.84 | -53.42 | -70.47 | 150.15 | 4.39 | -19.59 | 85.71 | -38.1 | 928.57 | 14.29 | 130.95 | -87.05 | 23.60 | 14.56 | 2.97 |
| 21Q4 (9) | 0.12 | 0 | 71.43 | 7.22 | 25.13 | 1404.17 | 1.82 | 858.33 | 137.37 | 1.26 | 672.73 | 333.33 | 1.70 | 5766.67 | 54.55 | 0.89 | 4550.0 | 53.45 | 0.47 | 422.22 | 46.87 | 0.21 | 5.0 | 10.53 | 3.95 | 57.37 | 47.39 | 143.83 | -0.91 | -14.38 | 138.46 | 38.46 | -83.52 | -46.15 | 0 | 93.76 | 20.60 | -8.08 | -11.55 |
| 21Q3 (8) | 0.00 | -100.0 | -100.0 | 5.77 | 15.63 | -0.69 | -0.24 | 61.29 | -127.91 | -0.22 | -105.82 | -108.3 | -0.03 | -100.85 | -101.24 | -0.02 | -100.99 | -101.21 | 0.09 | -89.77 | -86.76 | 0.20 | -9.09 | -13.04 | 2.51 | -61.33 | -52.46 | 145.15 | -0.81 | -24.89 | 100.00 | 733.33 | 222.22 | -0.00 | -100.0 | -100.0 | 22.41 | 9.37 | 26.32 |
| 21Q2 (7) | 0.27 | 50.0 | 17.39 | 4.99 | -8.44 | -22.4 | -0.62 | -100.0 | -175.61 | 3.78 | 17.76 | 20.38 | 3.54 | 32.58 | 42.74 | 2.02 | 37.41 | 14.77 | 0.88 | 37.5 | 29.41 | 0.22 | 10.0 | -8.33 | 6.49 | 4.17 | 20.19 | 146.34 | -21.63 | -25.53 | -15.79 | -52.63 | -161.4 | 118.42 | 7.32 | 59.41 | 20.49 | -10.6 | 14.92 |
| 21Q1 (6) | 0.18 | 157.14 | 200.0 | 5.45 | 1035.42 | -12.1 | -0.31 | 93.63 | 85.45 | 3.21 | 694.44 | 197.57 | 2.67 | 142.73 | 200.0 | 1.47 | 153.45 | 208.09 | 0.64 | 100.0 | 313.33 | 0.20 | 5.26 | 11.11 | 6.23 | 132.46 | 1171.43 | 186.73 | 11.16 | -6.52 | -10.34 | -101.23 | -116.43 | 110.34 | 114.91 | 231.03 | 22.92 | -1.59 | -10.5 |
| 20Q4 (5) | 0.07 | -68.18 | -30.0 | 0.48 | -91.74 | -94.41 | -4.87 | -666.28 | -429.05 | -0.54 | -120.38 | -137.5 | 1.10 | -54.55 | 2.8 | 0.58 | -64.85 | -19.44 | 0.32 | -52.94 | -23.81 | 0.19 | -17.39 | -20.83 | 2.68 | -49.24 | -36.79 | 167.99 | -13.07 | -8.42 | 840.00 | 2606.67 | 740.0 | -740.00 | -1173.0 | 0 | 23.29 | 31.29 | 6.88 |
| 20Q3 (4) | 0.22 | -4.35 | 0.0 | 5.81 | -9.64 | 0.0 | 0.86 | 4.88 | 0.0 | 2.65 | -15.61 | 0.0 | 2.42 | -2.42 | 0.0 | 1.65 | -6.25 | 0.0 | 0.68 | 0.0 | 0.0 | 0.23 | -4.17 | 0.0 | 5.28 | -2.22 | 0.0 | 193.24 | -1.66 | 0.0 | 31.03 | 20.69 | 0.0 | 68.97 | -7.16 | 0.0 | 17.74 | -0.5 | 0.0 |
| 20Q2 (3) | 0.23 | 227.78 | 0.0 | 6.43 | 3.71 | 0.0 | 0.82 | 138.5 | 0.0 | 3.14 | 195.44 | 0.0 | 2.48 | 192.88 | 0.0 | 1.76 | 229.41 | 0.0 | 0.68 | 326.67 | 0.0 | 0.24 | 33.33 | 0.0 | 5.40 | 1002.04 | 0.0 | 196.50 | -1.63 | 0.0 | 25.71 | -59.16 | 0.0 | 74.29 | 122.86 | 0.0 | 17.83 | -30.38 | 0.0 |
| 20Q1 (2) | -0.18 | -280.0 | 0.0 | 6.20 | -27.74 | 0.0 | -2.13 | -243.92 | 0.0 | -3.29 | -328.47 | 0.0 | -2.67 | -349.53 | 0.0 | -1.36 | -288.89 | 0.0 | -0.30 | -171.43 | 0.0 | 0.18 | -25.0 | 0.0 | 0.49 | -88.44 | 0.0 | 199.75 | 8.9 | 0.0 | 62.96 | -37.04 | 0.0 | 33.33 | 0 | 0.0 | 25.61 | 17.53 | 0.0 |
| 19Q4 (1) | 0.10 | 0.0 | 0.0 | 8.58 | 0.0 | 0.0 | 1.48 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 1.07 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 4.24 | 0.0 | 0.0 | 183.43 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 21.79 | 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) | 0.31 | 287.5 | 6.94 | 12.48 | 1.96 | 106.32 | 1.91 | -10.58 | 1.42 | 246.34 | 1.17 | 254.55 | 2.13 | 204.29 | 1.73 | 118.99 | 0.94 | 11.9 | 4.30 | 22.51 | 59.50 | -61.66 | 137.68 | -39.99 | -37.68 | 0 | 0.27 | -15.94 | 18.91 | -9.3 |
| 2022 (9) | 0.08 | -84.91 | 6.17 | 5.11 | 0.95 | 427.78 | 2.14 | 5.15 | 0.41 | -79.6 | 0.33 | -83.33 | 0.70 | -83.72 | 0.79 | -62.74 | 0.84 | -1.18 | 3.51 | -27.03 | 155.18 | 7.89 | 229.41 | 2456.3 | -129.41 | 0 | 0.33 | -22.79 | 20.85 | -3.25 |
| 2021 (8) | 0.53 | 65.62 | 5.87 | 19.8 | 0.18 | 0 | 2.03 | -1.0 | 2.01 | 136.47 | 1.98 | 81.65 | 4.30 | 64.12 | 2.12 | 44.22 | 0.85 | -2.3 | 4.81 | 27.59 | 143.83 | -14.38 | 8.97 | 0 | 91.03 | -58.85 | 0.42 | 270.04 | 21.55 | 4.46 |
| 2020 (7) | 0.32 | -13.51 | 4.90 | -49.69 | -1.03 | 0 | 2.05 | -1.99 | 0.85 | -44.08 | 1.09 | -5.22 | 2.62 | -4.38 | 1.47 | -7.55 | 0.87 | -11.22 | 3.77 | -13.13 | 167.99 | -8.42 | -121.21 | 0 | 221.21 | 0 | 0.11 | -13.61 | 20.63 | -5.76 |
| 2019 (6) | 0.37 | 184.62 | 9.74 | -15.23 | 2.01 | 286.54 | 2.10 | -10.97 | 1.52 | 424.14 | 1.15 | 101.75 | 2.74 | 179.59 | 1.59 | 62.24 | 0.98 | 0.0 | 4.34 | 29.55 | 183.43 | 76.6 | 133.90 | -23.49 | -32.20 | 0 | 0.13 | 50.33 | 21.89 | -20.57 |
| 2018 (5) | 0.13 | -88.6 | 11.49 | -29.55 | 0.52 | -91.56 | 2.35 | -8.2 | 0.29 | -95.26 | 0.57 | -88.82 | 0.98 | -88.36 | 0.98 | -83.47 | 0.98 | -10.91 | 3.35 | -63.82 | 103.87 | 119.09 | 175.00 | 73.83 | -75.00 | 0 | 0.09 | 0 | 27.56 | 4.63 |
| 2017 (4) | 1.14 | -38.38 | 16.31 | 2.19 | 6.16 | -29.03 | 2.56 | 18.77 | 6.12 | -28.34 | 5.10 | -28.77 | 8.42 | -40.7 | 5.93 | -35.33 | 1.10 | -12.0 | 9.26 | -17.32 | 47.41 | -11.42 | 100.68 | -1.02 | -0.68 | 0 | 0.00 | 0 | 26.34 | 8.84 |
| 2016 (3) | 1.85 | 413.89 | 15.96 | 15.48 | 8.68 | 176.43 | 2.16 | -19.63 | 8.54 | 304.74 | 7.16 | 295.58 | 14.20 | 389.66 | 9.17 | 345.15 | 1.25 | 22.55 | 11.20 | 97.88 | 53.52 | -15.78 | 101.72 | -31.68 | -1.72 | 0 | 0.00 | 0 | 24.20 | -17.72 |
| 2015 (2) | 0.36 | -75.51 | 13.82 | -25.09 | 3.14 | -64.68 | 2.69 | -4.11 | 2.11 | -77.14 | 1.81 | -76.68 | 2.90 | -75.28 | 2.06 | -74.5 | 1.02 | 0.0 | 5.66 | -55.99 | 63.55 | 25.72 | 148.89 | 54.74 | -48.89 | 0 | 0.00 | 0 | 29.41 | -3.42 |
| 2014 (1) | 1.47 | 374.19 | 18.45 | 0 | 8.89 | 0 | 2.80 | -6.26 | 9.23 | 0 | 7.76 | 0 | 11.73 | 0 | 8.08 | 0 | 1.02 | 12.09 | 12.86 | 113.27 | 50.55 | 9.72 | 96.22 | 28.29 | 3.78 | -84.86 | 0.00 | 0 | 30.45 | -9.75 |
