- 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) | 0.30 | -21.05 | -41.18 | 58.30 | -2.57 | 0.67 | 7.16 | -41.41 | -47.55 | 7.48 | -31.81 | -49.6 | 6.09 | -25.28 | -48.61 | 1.27 | -25.73 | -46.64 | 0.56 | -16.42 | -42.27 | 0.06 | 0.0 | -14.29 | 32.31 | -7.92 | -2.48 | 269.18 | -6.73 | 40.92 | 95.83 | -13.97 | 4.17 | 4.35 | 138.2 | -46.25 | 13.49 | 7.06 | 4.17 |
| 24Q2 (19) | 0.38 | -7.32 | -25.49 | 59.84 | 6.76 | 1.39 | 12.22 | -11.45 | -24.15 | 10.97 | 3.88 | -30.48 | 8.15 | 0.87 | -35.88 | 1.71 | -9.04 | -32.68 | 0.67 | -9.46 | -34.31 | 0.06 | 0.0 | -14.29 | 35.09 | 10.1 | 2.99 | 288.60 | 6.81 | 48.13 | 111.38 | -14.79 | 9.04 | -11.38 | 62.95 | -448.87 | 12.60 | 4.65 | -5.05 |
| 24Q1 (18) | 0.41 | 10.81 | -26.79 | 56.05 | 6.92 | 0.79 | 13.80 | 8.41 | -22.43 | 10.56 | 0.96 | -34.73 | 8.08 | 15.59 | -35.97 | 1.88 | -3.09 | -33.8 | 0.74 | -5.13 | -32.11 | 0.06 | -33.33 | -14.29 | 31.87 | 26.12 | -2.06 | 270.20 | 5.08 | 43.45 | 130.72 | 7.45 | 18.85 | -30.72 | -41.83 | -207.61 | 12.04 | -0.66 | 2.12 |
| 23Q4 (17) | 0.37 | -27.45 | -15.91 | 52.42 | -9.48 | 0.77 | 12.73 | -6.74 | -23.73 | 10.46 | -29.51 | 4.6 | 6.99 | -41.01 | -10.15 | 1.94 | -18.49 | -12.61 | 0.78 | -19.59 | -10.34 | 0.09 | 28.57 | 0.0 | 25.27 | -23.72 | 2.81 | 257.13 | 34.62 | 20.68 | 121.66 | 32.25 | -27.12 | -21.66 | -367.79 | 67.64 | 12.12 | -6.41 | 12.43 |
| 23Q3 (16) | 0.51 | 0.0 | -8.93 | 57.91 | -1.88 | 2.51 | 13.65 | -15.27 | 11.43 | 14.84 | -5.96 | -0.34 | 11.85 | -6.77 | -4.13 | 2.38 | -6.3 | -8.46 | 0.97 | -4.9 | -1.02 | 0.07 | 0.0 | 0.0 | 33.13 | -2.76 | -3.97 | 191.01 | -1.96 | -7.19 | 91.99 | -9.94 | 11.91 | 8.09 | 490.03 | -54.55 | 12.95 | -2.41 | 5.54 |
| 23Q2 (15) | 0.51 | -8.93 | 2650.0 | 59.02 | 6.13 | 7.43 | 16.11 | -9.44 | 296.8 | 15.78 | -2.47 | 952.0 | 12.71 | 0.71 | 7376.47 | 2.54 | -10.56 | 8366.67 | 1.02 | -6.42 | 580.0 | 0.07 | 0.0 | 16.67 | 34.07 | 4.7 | 42.37 | 194.83 | 3.43 | -8.62 | 102.15 | -7.12 | -62.31 | -2.07 | 79.24 | 98.79 | 13.27 | 12.55 | -10.82 |
| 23Q1 (14) | 0.56 | 27.27 | 47.37 | 55.61 | 6.9 | 4.96 | 17.79 | 6.59 | 29.95 | 16.18 | 61.8 | 41.81 | 12.62 | 62.21 | 45.22 | 2.84 | 27.93 | 45.64 | 1.09 | 25.29 | 45.33 | 0.07 | -22.22 | 0.0 | 32.54 | 32.38 | 12.32 | 188.36 | -11.6 | -8.4 | 109.99 | -34.11 | -8.36 | -9.99 | 85.08 | 50.11 | 11.79 | 9.37 | -0.34 |
| 22Q4 (13) | 0.44 | -21.43 | 100.0 | 52.02 | -7.91 | 6.38 | 16.69 | 36.24 | 2.14 | 10.00 | -32.84 | 37.74 | 7.78 | -37.06 | 44.61 | 2.22 | -14.62 | 37.89 | 0.87 | -11.22 | 38.1 | 0.09 | 28.57 | 0.0 | 24.58 | -28.75 | 22.29 | 213.07 | 3.53 | -6.62 | 166.93 | 103.07 | -25.81 | -66.93 | -476.09 | 46.46 | 10.78 | -12.14 | 4.86 |
| 22Q3 (12) | 0.56 | 2900.0 | 143.48 | 56.49 | 2.82 | 15.05 | 12.25 | 201.72 | 165.15 | 14.89 | 892.67 | 146.93 | 12.36 | 7170.59 | 128.47 | 2.60 | 8566.67 | 170.83 | 0.98 | 553.33 | 122.73 | 0.07 | 16.67 | 16.67 | 34.50 | 44.17 | 24.82 | 205.81 | -3.47 | -3.37 | 82.20 | -69.67 | 7.24 | 17.80 | 110.41 | -23.78 | 12.27 | -17.54 | 2.76 |
| 22Q2 (11) | -0.02 | -105.26 | 77.78 | 54.94 | 3.7 | 14.13 | 4.06 | -70.34 | 194.2 | 1.50 | -86.85 | 212.78 | 0.17 | -98.04 | 111.11 | 0.03 | -98.46 | 111.11 | 0.15 | -80.0 | 275.0 | 0.06 | -14.29 | 0.0 | 23.93 | -17.4 | 18.35 | 213.20 | 3.68 | 4.33 | 271.03 | 125.82 | 359.97 | -171.03 | -754.31 | -183.73 | 14.88 | 25.78 | 11.46 |
| 22Q1 (10) | 0.38 | 72.73 | -24.0 | 52.98 | 8.34 | 4.15 | 13.69 | -16.22 | 0.37 | 11.41 | 57.16 | -14.47 | 8.69 | 61.52 | -18.48 | 1.95 | 21.12 | -20.73 | 0.75 | 19.05 | -18.48 | 0.07 | -22.22 | 0.0 | 28.97 | 44.13 | -2.85 | 205.64 | -9.87 | 2.47 | 120.02 | -46.66 | 17.29 | -20.02 | 83.98 | -790.86 | 11.83 | 15.08 | 0.51 |
| 21Q4 (9) | 0.22 | -4.35 | -57.69 | 48.90 | -0.41 | 1.75 | 16.34 | 253.68 | 15.8 | 7.26 | 20.4 | -12.74 | 5.38 | -0.55 | -35.88 | 1.61 | 67.71 | -38.31 | 0.63 | 43.18 | -32.98 | 0.09 | 50.0 | -10.0 | 20.10 | -27.28 | -8.93 | 228.17 | 7.13 | 2.42 | 225.00 | 193.54 | 32.57 | -125.00 | -635.35 | -79.28 | 10.28 | -13.9 | 5.44 |
| 21Q3 (8) | 0.23 | 355.56 | -60.34 | 49.10 | 1.99 | -7.45 | 4.62 | 234.78 | -57.14 | 6.03 | 553.38 | -53.54 | 5.41 | 453.59 | -52.08 | 0.96 | 455.56 | -61.9 | 0.44 | 1000.0 | -52.17 | 0.06 | 0.0 | -14.29 | 27.64 | 36.7 | -15.65 | 212.98 | 4.22 | -2.84 | 76.65 | 173.52 | -7.72 | 23.35 | -88.57 | 37.85 | 11.94 | -10.56 | 2.58 |
| 21Q2 (7) | -0.09 | -118.0 | -139.13 | 48.14 | -5.37 | -6.67 | 1.38 | -89.88 | -86.23 | -1.33 | -109.97 | -118.1 | -1.53 | -114.35 | -126.61 | -0.27 | -110.98 | -122.5 | 0.04 | -95.65 | -92.0 | 0.06 | -14.29 | 0.0 | 20.22 | -32.19 | -28.9 | 204.36 | 1.83 | -8.93 | -104.26 | -201.88 | -176.39 | 204.26 | 9189.36 | 660.02 | 13.35 | 13.42 | 0 |
| 21Q1 (6) | 0.50 | -3.85 | 733.33 | 50.87 | 5.85 | 3.8 | 13.64 | -3.33 | 81.14 | 13.34 | 60.34 | 285.55 | 10.66 | 27.06 | 795.8 | 2.46 | -5.75 | 811.11 | 0.92 | -2.13 | 318.18 | 0.07 | -30.0 | 0.0 | 29.82 | 35.12 | 29.6 | 200.68 | -9.92 | -14.37 | 102.33 | -39.71 | -53.09 | -2.25 | 96.78 | 98.1 | 11.77 | 20.72 | 0 |
| 20Q4 (5) | 0.52 | -10.34 | 15.56 | 48.06 | -9.41 | -1.13 | 14.11 | 30.89 | -4.14 | 8.32 | -35.9 | -18.75 | 8.39 | -25.69 | 16.85 | 2.61 | 3.57 | 17.57 | 0.94 | 2.17 | 18.99 | 0.10 | 42.86 | 11.11 | 22.07 | -32.65 | -7.58 | 222.77 | 1.62 | -5.39 | 169.72 | 104.33 | 18.07 | -69.72 | -511.63 | -59.39 | 9.75 | -16.24 | -2.5 |
| 20Q3 (4) | 0.58 | 152.17 | 0.0 | 53.05 | 2.85 | 0.0 | 10.78 | 7.58 | 0.0 | 12.98 | 76.6 | 0.0 | 11.29 | 96.35 | 0.0 | 2.52 | 110.0 | 0.0 | 0.92 | 84.0 | 0.0 | 0.07 | 16.67 | 0.0 | 32.77 | 15.23 | 0.0 | 219.21 | -2.31 | 0.0 | 83.06 | -39.14 | 0.0 | 16.94 | 146.44 | 0.0 | 11.64 | 0 | 0.0 |
| 20Q2 (3) | 0.23 | 283.33 | 0.0 | 51.58 | 5.24 | 0.0 | 10.02 | 33.07 | 0.0 | 7.35 | 112.43 | 0.0 | 5.75 | 383.19 | 0.0 | 1.20 | 344.44 | 0.0 | 0.50 | 127.27 | 0.0 | 0.06 | -14.29 | 0.0 | 28.44 | 23.6 | 0.0 | 224.39 | -4.26 | 0.0 | 136.47 | -37.43 | 0.0 | -36.47 | 69.12 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.06 | -86.67 | 0.0 | 49.01 | 0.82 | 0.0 | 7.53 | -48.85 | 0.0 | 3.46 | -66.21 | 0.0 | 1.19 | -83.43 | 0.0 | 0.27 | -87.84 | 0.0 | 0.22 | -72.15 | 0.0 | 0.07 | -22.22 | 0.0 | 23.01 | -3.64 | 0.0 | 234.37 | -0.47 | 0.0 | 218.12 | 51.74 | 0.0 | -118.12 | -170.02 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.45 | 0.0 | 0.0 | 48.61 | 0.0 | 0.0 | 14.72 | 0.0 | 0.0 | 10.24 | 0.0 | 0.0 | 7.18 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 0.79 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 23.88 | 0.0 | 0.0 | 235.47 | 0.0 | 0.0 | 143.74 | 0.0 | 0.0 | -43.74 | 0.0 | 0.0 | 10.00 | 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) | 1.95 | 42.34 | 55.94 | 3.84 | 14.98 | 20.81 | 13.98 | -9.39 | 14.09 | 44.07 | 10.79 | 43.1 | 10.16 | 50.97 | 3.63 | 37.5 | 0.28 | 0.0 | 30.85 | 10.81 | 257.13 | 20.68 | 106.32 | -16.09 | -6.32 | 0 | 1.79 | -5.93 | 12.48 | 2.21 |
| 2022 (9) | 1.37 | 59.3 | 53.87 | 9.25 | 12.40 | 20.51 | 15.43 | 4.17 | 9.78 | 41.74 | 7.54 | 39.63 | 6.73 | 40.5 | 2.64 | 34.69 | 0.28 | 3.7 | 27.84 | 15.04 | 213.07 | -6.62 | 126.70 | -15.04 | -26.73 | 0 | 1.90 | 2.34 | 12.21 | 5.08 |
| 2021 (8) | 0.86 | -37.68 | 49.31 | -1.71 | 10.29 | -6.11 | 14.81 | -4.61 | 6.90 | -14.29 | 5.40 | -20.82 | 4.79 | -25.97 | 1.96 | -21.29 | 0.27 | -6.9 | 24.20 | -7.24 | 228.17 | 2.42 | 149.14 | 9.56 | -49.10 | 0 | 1.86 | -7.55 | 11.62 | 4.87 |
| 2020 (7) | 1.38 | 9.52 | 50.17 | -3.2 | 10.96 | -8.51 | 15.53 | 5.93 | 8.05 | -1.71 | 6.82 | 20.07 | 6.47 | 15.12 | 2.49 | 3.32 | 0.29 | -9.38 | 26.09 | 3.49 | 222.77 | -5.39 | 136.12 | -6.94 | -36.12 | 0 | 2.01 | 5.85 | 11.08 | -3.57 |
| 2019 (6) | 1.26 | 34.04 | 51.83 | 0.93 | 11.98 | 12.28 | 14.66 | 144.27 | 8.19 | 26.0 | 5.68 | 34.92 | 5.62 | 26.86 | 2.41 | 26.18 | 0.32 | -13.51 | 25.21 | 83.35 | 235.47 | 34.35 | 146.28 | -10.95 | -46.28 | 0 | 1.90 | -42.89 | 11.49 | 2.5 |
| 2018 (5) | 0.94 | -13.76 | 51.35 | 3.15 | 10.67 | 42.27 | 6.00 | -6.81 | 6.50 | -0.91 | 4.21 | -6.03 | 4.43 | -11.93 | 1.91 | -8.61 | 0.37 | -5.13 | 13.75 | -3.1 | 175.26 | -6.18 | 164.26 | 43.61 | -64.26 | 0 | 3.32 | -30.55 | 11.21 | -3.94 |
| 2017 (4) | 1.09 | 34.57 | 49.78 | -1.13 | 7.50 | 3.16 | 6.44 | -4.37 | 6.56 | 34.43 | 4.48 | 30.23 | 5.03 | 23.28 | 2.09 | 20.11 | 0.39 | -4.88 | 14.19 | 11.82 | 186.80 | -2.4 | 114.38 | -23.26 | -14.38 | 0 | 4.79 | 0 | 11.67 | 3.27 |
| 2016 (3) | 0.81 | -32.5 | 50.35 | -0.38 | 7.27 | 11.67 | 6.73 | -1.01 | 4.88 | -35.7 | 3.44 | -28.18 | 4.08 | -27.66 | 1.74 | -25.32 | 0.41 | 0.0 | 12.69 | -18.13 | 191.40 | 1.51 | 149.03 | 73.76 | -49.03 | 0 | 0.00 | 0 | 11.30 | -3.83 |
| 2015 (2) | 1.20 | 12.15 | 50.54 | 0.02 | 6.51 | -10.08 | 6.80 | 5.84 | 7.59 | 12.95 | 4.79 | 1.91 | 5.64 | 0.36 | 2.33 | 2.64 | 0.41 | 0.0 | 15.50 | 9.0 | 188.55 | 3.09 | 85.77 | -20.4 | 14.23 | 0 | 0.00 | 0 | 11.75 | 3.07 |
| 2014 (1) | 1.07 | -31.41 | 50.53 | 0 | 7.24 | 0 | 6.43 | 2.42 | 6.72 | 0 | 4.70 | 0 | 5.62 | 0 | 2.27 | 0 | 0.41 | 2.5 | 14.22 | -12.06 | 182.89 | -8.76 | 107.75 | 60.2 | -7.75 | 0 | 0.00 | 0 | 11.40 | 0.09 |
