- 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) | 0.25 | -13.79 | 13.64 | 41.94 | -2.98 | -2.06 | 38.54 | -2.73 | -2.36 | 13.20 | -15.71 | 4.02 | 10.46 | -14.61 | 2.55 | 1.98 | -12.0 | 8.2 | 0.70 | -5.41 | 6.06 | 0.03 | 0.0 | 0.0 | 53.19 | -5.1 | -2.92 | 441.92 | -7.51 | -7.41 | 292.11 | 15.44 | -6.13 | -192.05 | -25.49 | 9.04 | 12.94 | -2.78 | 5.2 |
| 24Q2 (19) | 0.29 | -21.62 | 0.0 | 43.23 | -8.68 | -1.55 | 39.62 | -9.95 | -2.84 | 15.66 | -21.23 | -2.67 | 12.25 | -22.22 | -7.34 | 2.25 | -22.68 | -5.46 | 0.74 | -12.94 | -1.33 | 0.03 | 0.0 | 0.0 | 56.05 | -5.16 | -2.71 | 477.80 | 6.84 | -2.06 | 253.04 | 14.29 | -0.14 | -153.04 | -26.1 | 0.24 | 13.31 | 4.8 | 5.05 |
| 24Q1 (18) | 0.37 | -26.0 | -2.63 | 47.34 | 4.07 | 3.05 | 44.00 | 5.41 | 2.68 | 19.88 | -26.8 | -8.34 | 15.75 | -26.64 | -10.05 | 2.91 | -27.97 | -6.43 | 0.85 | -19.05 | -1.16 | 0.03 | 0.0 | 0.0 | 59.10 | -11.43 | -6.38 | 447.23 | -3.72 | -7.08 | 221.40 | 44.05 | 12.06 | -121.36 | -126.04 | -24.38 | 12.70 | 7.35 | -0.31 |
| 23Q4 (17) | 0.50 | 127.27 | 72.41 | 45.49 | 6.24 | 5.15 | 41.74 | 5.75 | 4.77 | 27.16 | 114.03 | 55.82 | 21.47 | 110.49 | 54.46 | 4.04 | 120.77 | 64.9 | 1.05 | 59.09 | 41.89 | 0.03 | 0.0 | 0.0 | 66.73 | 21.79 | 9.02 | 464.52 | -2.67 | -6.2 | 153.69 | -50.61 | -32.75 | -53.69 | 74.57 | 58.23 | 11.83 | -3.82 | 6.77 |
| 23Q3 (16) | 0.22 | -24.14 | -4.35 | 42.82 | -2.48 | 34.82 | 39.47 | -3.21 | 38.44 | 12.69 | -21.13 | -8.71 | 10.20 | -22.84 | -23.71 | 1.83 | -23.11 | -8.96 | 0.66 | -12.0 | 1.54 | 0.03 | 0.0 | 50.0 | 54.79 | -4.89 | -16.06 | 477.27 | -2.16 | -5.51 | 311.19 | 22.8 | 51.63 | -211.13 | -37.62 | -100.78 | 12.30 | -2.92 | -6.46 |
| 23Q2 (15) | 0.29 | -23.68 | 480.0 | 43.91 | -4.42 | 771.23 | 40.78 | -4.83 | 8056.0 | 16.09 | -25.82 | 546.18 | 13.22 | -24.5 | 217.03 | 2.38 | -23.47 | 466.67 | 0.75 | -12.79 | 108.33 | 0.03 | 0.0 | 50.0 | 57.61 | -8.74 | -24.88 | 487.83 | 1.35 | -6.3 | 253.41 | 28.26 | 1174.72 | -153.41 | -57.23 | -292.92 | 12.67 | -0.55 | -33.77 |
| 23Q1 (14) | 0.38 | 31.03 | 280.0 | 45.94 | 6.2 | 50.72 | 42.85 | 7.56 | 58.0 | 21.69 | 24.44 | 178.08 | 17.51 | 25.97 | 181.96 | 3.11 | 26.94 | 279.27 | 0.86 | 16.22 | 115.0 | 0.03 | 0.0 | 50.0 | 63.13 | 3.14 | 3.61 | 481.32 | -2.81 | -8.67 | 197.57 | -13.55 | -43.11 | -97.57 | 24.09 | 60.57 | 12.74 | 14.98 | -16.57 |
| 22Q4 (13) | 0.29 | 26.09 | 81.25 | 43.26 | 36.21 | 31.69 | 39.84 | 39.74 | 34.59 | 17.43 | 25.4 | 50.13 | 13.90 | 3.96 | 48.19 | 2.45 | 21.89 | 82.84 | 0.74 | 13.85 | 54.17 | 0.03 | 50.0 | 50.0 | 61.21 | -6.22 | -4.0 | 495.24 | -1.96 | -6.79 | 228.54 | 11.36 | -10.38 | -128.54 | -22.25 | 17.07 | 11.08 | -15.74 | -4.97 |
| 22Q3 (12) | 0.23 | 360.0 | 53.33 | 31.76 | 530.16 | 183.89 | 28.51 | 5602.0 | 164.93 | 13.90 | 458.23 | -34.86 | 13.37 | 220.62 | -26.5 | 2.01 | 378.57 | 59.52 | 0.65 | 80.56 | 41.3 | 0.02 | 0.0 | 100.0 | 65.27 | -14.89 | -49.9 | 505.12 | -2.98 | -9.51 | 205.22 | 932.34 | 199.67 | -105.15 | -232.24 | -134.37 | 13.15 | -31.26 | -51.73 |
| 22Q2 (11) | 0.05 | -50.0 | -44.44 | 5.04 | -83.46 | 185.86 | 0.50 | -98.16 | 104.44 | 2.49 | -68.08 | -84.8 | 4.17 | -32.85 | -48.39 | 0.42 | -48.78 | -41.67 | 0.36 | -10.0 | -5.26 | 0.02 | 0.0 | 100.0 | 76.69 | 25.87 | -21.93 | 520.64 | -1.21 | -4.3 | 19.88 | -94.28 | 128.87 | 79.52 | 132.14 | -52.91 | 19.13 | 25.28 | -12.05 |
| 22Q1 (10) | 0.10 | -37.5 | -58.33 | 30.48 | -7.21 | -13.04 | 27.12 | -8.38 | -15.67 | 7.80 | -32.82 | -33.84 | 6.21 | -33.8 | -55.42 | 0.82 | -38.81 | -57.73 | 0.40 | -16.67 | -31.03 | 0.02 | 0.0 | 0.0 | 60.93 | -4.44 | -1.95 | 527.00 | -0.82 | 5.23 | 347.29 | 36.19 | 27.29 | -247.44 | -59.64 | -43.17 | 15.27 | 30.96 | 12.94 |
| 21Q4 (9) | 0.16 | 6.67 | -65.22 | 32.85 | 186.77 | -20.98 | 29.60 | 167.41 | -22.72 | 11.61 | -45.6 | -45.18 | 9.38 | -48.43 | -57.96 | 1.34 | 6.35 | -64.08 | 0.48 | 4.35 | -44.83 | 0.02 | 100.0 | -33.33 | 63.76 | -51.06 | -1.19 | 531.34 | -4.81 | 4.17 | 255.00 | 223.85 | 40.98 | -155.00 | -150.67 | -91.74 | 11.66 | -57.2 | 0.09 |
| 21Q3 (8) | 0.15 | 66.67 | -50.0 | -37.86 | -544.97 | -206.65 | -43.91 | -289.62 | -234.82 | 21.34 | 30.28 | 38.3 | 18.19 | 125.12 | 10.98 | 1.26 | 75.0 | -50.78 | 0.46 | 21.05 | -31.34 | 0.01 | 0.0 | -50.0 | 130.27 | 32.62 | 105.86 | 558.18 | 2.6 | 6.02 | -205.90 | -198.97 | -197.58 | 305.90 | 81.15 | 375.43 | 27.24 | 25.24 | 118.27 |
| 21Q2 (7) | 0.09 | -62.5 | 12.5 | -5.87 | -116.75 | -135.13 | -11.27 | -135.04 | -186.83 | 16.38 | 38.93 | 334.48 | 8.08 | -42.0 | 40.52 | 0.72 | -62.89 | 14.29 | 0.38 | -34.48 | 5.56 | 0.01 | -50.0 | -50.0 | 98.23 | 58.08 | 42.09 | 544.05 | 8.63 | -2.59 | -68.87 | -125.24 | -120.03 | 168.87 | 197.71 | 169.24 | 21.75 | 60.87 | 34.26 |
| 21Q1 (6) | 0.24 | -47.83 | 20.0 | 35.05 | -15.68 | 2.37 | 32.16 | -16.03 | 2.36 | 11.79 | -44.33 | 4.15 | 13.93 | -37.56 | 18.35 | 1.94 | -47.99 | 22.78 | 0.58 | -33.33 | 5.45 | 0.02 | -33.33 | 0.0 | 62.14 | -3.7 | -4.33 | 500.82 | -1.81 | -0.38 | 272.83 | 50.84 | -1.79 | -172.83 | -113.8 | 2.75 | 13.52 | 16.05 | 1.12 |
| 20Q4 (5) | 0.46 | 53.33 | 39.39 | 41.57 | 17.1 | -7.29 | 38.30 | 17.59 | -8.5 | 21.18 | 37.27 | 45.07 | 22.31 | 36.12 | 46.78 | 3.73 | 45.7 | 41.29 | 0.87 | 29.85 | 20.83 | 0.03 | 50.0 | 0.0 | 64.53 | 1.98 | 13.53 | 510.05 | -3.12 | -2.54 | 180.88 | -14.28 | -36.92 | -80.84 | 27.21 | 56.73 | 11.65 | -6.65 | 7.67 |
| 20Q3 (4) | 0.30 | 275.0 | 0.0 | 35.50 | 112.45 | 0.0 | 32.57 | 150.92 | 0.0 | 15.43 | 309.28 | 0.0 | 16.39 | 185.04 | 0.0 | 2.56 | 306.35 | 0.0 | 0.67 | 86.11 | 0.0 | 0.02 | 0.0 | 0.0 | 63.28 | -8.46 | 0.0 | 526.49 | -5.73 | 0.0 | 211.00 | -38.65 | 0.0 | -111.06 | 54.46 | 0.0 | 12.48 | -22.96 | 0.0 |
| 20Q2 (3) | 0.08 | -60.0 | 0.0 | 16.71 | -51.2 | 0.0 | 12.98 | -58.69 | 0.0 | 3.77 | -66.7 | 0.0 | 5.75 | -51.15 | 0.0 | 0.63 | -60.13 | 0.0 | 0.36 | -34.55 | 0.0 | 0.02 | 0.0 | 0.0 | 69.13 | 6.44 | 0.0 | 558.51 | 11.1 | 0.0 | 343.90 | 23.79 | 0.0 | -243.90 | -37.24 | 0.0 | 16.20 | 21.17 | 0.0 |
| 20Q1 (2) | 0.20 | -39.39 | 0.0 | 34.24 | -23.64 | 0.0 | 31.42 | -24.94 | 0.0 | 11.32 | -22.47 | 0.0 | 11.77 | -22.57 | 0.0 | 1.58 | -40.15 | 0.0 | 0.55 | -23.61 | 0.0 | 0.02 | -33.33 | 0.0 | 64.95 | 14.27 | 0.0 | 502.71 | -3.94 | 0.0 | 277.81 | -3.12 | 0.0 | -177.72 | 4.87 | 0.0 | 13.37 | 23.57 | 0.0 |
| 19Q4 (1) | 0.33 | 0.0 | 0.0 | 44.84 | 0.0 | 0.0 | 41.86 | 0.0 | 0.0 | 14.60 | 0.0 | 0.0 | 15.20 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 56.84 | 0.0 | 0.0 | 523.35 | 0.0 | 0.0 | 286.75 | 0.0 | 0.0 | -186.81 | 0.0 | 0.0 | 10.82 | 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) | 1.39 | 107.46 | 44.55 | 47.13 | 41.22 | 54.27 | 0.46 | -23.11 | 19.55 | 70.15 | 15.71 | 54.78 | 11.29 | 102.33 | 3.31 | 56.87 | 0.12 | 33.33 | 60.68 | -6.63 | 464.52 | -6.2 | 210.84 | -9.33 | -110.84 | 0 | 87.44 | -2.6 | 12.38 | -12.14 |
| 2022 (9) | 0.67 | 4.69 | 30.28 | 102.27 | 26.72 | 143.35 | 0.60 | -17.11 | 11.49 | -18.57 | 10.15 | -15.06 | 5.58 | 6.49 | 2.11 | 9.9 | 0.09 | 28.57 | 64.99 | -19.1 | 495.24 | -6.79 | 232.54 | 198.98 | -132.56 | 0 | 89.78 | 4.37 | 14.09 | -15.53 |
| 2021 (8) | 0.64 | -38.46 | 14.97 | -55.07 | 10.98 | -63.61 | 0.72 | 33.75 | 14.11 | 1.88 | 11.95 | -19.96 | 5.24 | -36.71 | 1.92 | -20.99 | 0.07 | -22.22 | 80.33 | 23.22 | 531.34 | 4.17 | 77.78 | -64.3 | 22.22 | 0 | 86.02 | -2.8 | 16.68 | 26.56 |
| 2020 (7) | 1.04 | -26.76 | 33.32 | -27.2 | 30.17 | -30.13 | 0.54 | 27.4 | 13.85 | -15.39 | 14.93 | -11.39 | 8.28 | -27.37 | 2.43 | -19.27 | 0.09 | -18.18 | 65.19 | 9.71 | 510.05 | -2.54 | 217.88 | -17.41 | -117.86 | 0 | 88.49 | 0.49 | 13.18 | 24.93 |
| 2019 (6) | 1.42 | -25.26 | 45.77 | 2.23 | 43.18 | 2.42 | 0.43 | 436.4 | 16.37 | 1.68 | 16.85 | -28.45 | 11.40 | -29.41 | 3.01 | -17.76 | 0.11 | 10.0 | 59.42 | -2.61 | 523.35 | -0.1 | 263.82 | 0.76 | -163.82 | 0 | 88.06 | -4.95 | 10.55 | 1.83 |
| 2018 (5) | 1.90 | 100.0 | 44.77 | 3.32 | 42.16 | 3.13 | 0.08 | -6.94 | 16.10 | 7.91 | 23.55 | 91.62 | 16.15 | 87.57 | 3.66 | 42.97 | 0.10 | 0.0 | 61.01 | -4.84 | 523.88 | -12.44 | 261.83 | -4.46 | -161.83 | 0 | 92.65 | 0 | 10.36 | 1.97 |
| 2017 (4) | 0.95 | 28.38 | 43.33 | 20.23 | 40.88 | 21.2 | 0.09 | 4.83 | 14.92 | 21.2 | 12.29 | 20.25 | 8.61 | 25.88 | 2.56 | 11.79 | 0.10 | 25.0 | 64.11 | -10.5 | 598.31 | -8.7 | 274.04 | -0.02 | -174.04 | 0 | 0.00 | 0 | 10.16 | 0.69 |
| 2016 (3) | 0.74 | -89.71 | 36.04 | -12.61 | 33.73 | -14.84 | 0.08 | 27.8 | 12.31 | -66.08 | 10.22 | -74.59 | 6.84 | -82.76 | 2.29 | -59.54 | 0.08 | -20.0 | 71.63 | -23.68 | 655.29 | -11.63 | 274.09 | 151.13 | -174.11 | 0 | 0.00 | 0 | 10.09 | 34.53 |
| 2015 (2) | 7.19 | 1207.27 | 41.24 | 23.96 | 39.61 | 28.27 | 0.06 | -21.02 | 36.29 | 422.91 | 40.22 | 179.89 | 39.68 | 215.92 | 5.66 | 110.41 | 0.10 | 25.0 | 93.86 | 23.6 | 741.50 | -26.95 | 109.14 | -75.46 | -9.15 | 0 | 0.00 | 0 | 7.50 | -5.54 |
| 2014 (1) | 0.55 | 161.9 | 33.27 | 0 | 30.88 | 0 | 0.08 | -14.52 | 6.94 | 0 | 14.37 | 0 | 12.56 | 0 | 2.69 | 0 | 0.08 | 14.29 | 75.94 | -0.37 | 1015.02 | -4.31 | 444.82 | 5.8 | -344.82 | 0 | 0.00 | 0 | 7.94 | -5.02 |
