- 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) | 0.28 | 0.0 | -28.21 | 26.51 | -17.03 | -8.08 | 3.79 | -32.44 | -28.89 | 7.40 | -19.13 | -9.09 | 5.29 | -17.6 | -3.99 | 1.04 | -11.11 | -25.18 | 0.71 | -10.13 | -15.48 | 0.12 | 9.09 | -14.29 | 11.11 | -15.13 | -10.83 | 62.97 | 3.91 | -19.69 | 51.08 | -17.0 | -21.71 | 48.92 | 27.19 | 42.94 | 20.71 | -12.69 | 10.69 |
| 24Q2 (19) | 0.28 | 0.0 | -15.15 | 31.95 | 5.27 | 25.74 | 5.61 | 11.75 | 32.0 | 9.15 | -0.65 | 35.56 | 6.42 | 1.9 | 47.25 | 1.17 | 6.36 | 8.33 | 0.79 | 6.76 | 17.91 | 0.11 | 10.0 | -21.43 | 13.09 | -1.65 | 13.43 | 60.60 | -1.19 | -26.45 | 61.54 | 13.08 | -2.45 | 38.46 | -15.61 | 4.2 | 23.72 | 7.04 | 40.44 |
| 24Q1 (18) | 0.28 | -9.68 | 16.67 | 30.35 | -2.97 | 35.61 | 5.02 | 48.08 | 81.88 | 9.21 | 31.95 | 98.49 | 6.30 | 29.9 | 92.66 | 1.10 | -10.57 | 35.8 | 0.74 | -5.13 | 39.62 | 0.10 | -28.57 | -28.57 | 13.31 | -15.76 | 41.45 | 61.33 | -16.74 | -26.06 | 54.42 | 12.29 | -7.83 | 45.58 | -11.56 | 13.95 | 22.16 | 32.69 | 35.12 |
| 23Q4 (17) | 0.31 | -20.51 | -26.19 | 31.28 | 8.46 | 40.14 | 3.39 | -36.4 | -25.17 | 6.98 | -14.25 | 18.31 | 4.85 | -11.98 | 7.3 | 1.23 | -11.51 | -23.6 | 0.78 | -7.14 | -18.75 | 0.14 | 0.0 | -30.0 | 15.80 | 26.81 | 90.36 | 73.66 | -6.06 | -3.78 | 48.47 | -25.71 | -36.9 | 51.53 | 50.58 | 122.17 | 16.70 | -10.74 | 8.58 |
| 23Q3 (16) | 0.39 | 18.18 | -15.22 | 28.84 | 13.5 | 55.47 | 5.33 | 25.41 | 123.95 | 8.14 | 20.59 | 79.3 | 5.51 | 26.38 | 73.82 | 1.39 | 28.7 | -0.71 | 0.84 | 25.37 | 6.33 | 0.14 | 0.0 | -41.67 | 12.46 | 7.97 | 69.06 | 78.41 | -4.83 | -7.06 | 65.24 | 3.41 | 23.69 | 34.22 | -7.28 | -28.4 | 18.71 | 10.78 | 54.5 |
| 23Q2 (15) | 0.33 | 37.5 | -2.94 | 25.41 | 13.54 | 15.97 | 4.25 | 53.99 | 30.77 | 6.75 | 45.47 | 49.01 | 4.36 | 33.33 | 36.25 | 1.08 | 33.33 | -0.92 | 0.67 | 26.42 | 6.35 | 0.14 | 0.0 | -22.22 | 11.54 | 22.64 | 35.76 | 82.39 | -0.68 | -11.22 | 63.09 | 6.84 | -11.55 | 36.91 | -7.72 | 31.96 | 16.89 | 2.99 | 24.1 |
| 23Q1 (14) | 0.24 | -42.86 | -47.83 | 22.38 | 0.27 | 9.81 | 2.76 | -39.07 | 2.6 | 4.64 | -21.36 | 10.21 | 3.27 | -27.65 | 5.14 | 0.81 | -49.69 | -30.77 | 0.53 | -44.79 | -23.19 | 0.14 | -30.0 | -33.33 | 9.41 | 13.37 | 23.65 | 82.95 | 8.36 | 1.26 | 59.05 | -23.12 | -7.74 | 40.00 | 72.44 | 11.11 | 16.40 | 6.63 | 18.24 |
| 22Q4 (13) | 0.42 | -8.7 | 200.0 | 22.32 | 20.32 | -0.4 | 4.53 | 90.34 | 1124.32 | 5.90 | 29.96 | 146.86 | 4.52 | 42.59 | 267.48 | 1.61 | 15.0 | 419.35 | 0.96 | 21.52 | 357.14 | 0.20 | -16.67 | 33.33 | 8.30 | 12.62 | 9.93 | 76.55 | -9.27 | 3.45 | 76.80 | 45.61 | 377.89 | 23.20 | -51.48 | -72.36 | 15.38 | 27.0 | -12.91 |
| 22Q3 (12) | 0.46 | 35.29 | 31.43 | 18.55 | -15.34 | -30.13 | 2.38 | -26.77 | -59.73 | 4.54 | 0.22 | -38.15 | 3.17 | -0.94 | -43.69 | 1.40 | 28.44 | -7.89 | 0.79 | 25.4 | -15.05 | 0.24 | 33.33 | 50.0 | 7.37 | -13.29 | -29.47 | 84.37 | -9.08 | 19.03 | 52.75 | -26.05 | -34.61 | 47.80 | 70.89 | 147.21 | 12.11 | -11.02 | -23.79 |
| 22Q2 (11) | 0.34 | -26.09 | 47.83 | 21.91 | 7.51 | -3.82 | 3.25 | 20.82 | 50.46 | 4.53 | 7.6 | 12.97 | 3.20 | 2.89 | 2.89 | 1.09 | -6.84 | 37.97 | 0.63 | -8.7 | 23.53 | 0.18 | -14.29 | 20.0 | 8.50 | 11.7 | 15.8 | 92.80 | 13.28 | 37.4 | 71.33 | 11.45 | 31.24 | 27.97 | -22.3 | -40.15 | 13.61 | -1.87 | -16.4 |
| 22Q1 (10) | 0.46 | 228.57 | 283.33 | 20.38 | -9.06 | -11.39 | 2.69 | 627.03 | 89.44 | 4.21 | 76.15 | 23.1 | 3.11 | 152.85 | 50.97 | 1.17 | 277.42 | 160.0 | 0.69 | 228.57 | 122.58 | 0.21 | 40.0 | 61.54 | 7.61 | 0.79 | 4.68 | 81.92 | 10.7 | 31.56 | 64.00 | 298.22 | 55.43 | 36.00 | -57.11 | -38.8 | 13.87 | -21.46 | -20.24 |
| 21Q4 (9) | 0.14 | -60.0 | 0.0 | 22.41 | -15.59 | -17.0 | 0.37 | -93.74 | 840.0 | 2.39 | -67.44 | -0.83 | 1.23 | -78.15 | -43.32 | 0.31 | -79.61 | -31.11 | 0.21 | -77.42 | -32.26 | 0.15 | -6.25 | 15.38 | 7.55 | -27.75 | 15.44 | 74.00 | 4.4 | 17.27 | 16.07 | -80.08 | 823.21 | 83.93 | 334.03 | -16.07 | 17.66 | 11.14 | -2.0 |
| 21Q3 (8) | 0.35 | 52.17 | 118.75 | 26.55 | 16.55 | 20.24 | 5.91 | 173.61 | 126.44 | 7.34 | 83.04 | 58.19 | 5.63 | 81.03 | 96.17 | 1.52 | 92.41 | 192.31 | 0.93 | 82.35 | 151.35 | 0.16 | 6.67 | 33.33 | 10.45 | 42.37 | 9.54 | 70.88 | 4.95 | 16.83 | 80.66 | 48.42 | 44.04 | 19.34 | -58.63 | -56.05 | 15.89 | -2.4 | -16.19 |
| 21Q2 (7) | 0.23 | 91.67 | 21.05 | 22.78 | -0.96 | -12.35 | 2.16 | 52.11 | -55.65 | 4.01 | 17.25 | -44.54 | 3.11 | 50.97 | -37.92 | 0.79 | 75.56 | -8.14 | 0.51 | 64.52 | -13.56 | 0.15 | 15.38 | 36.36 | 7.34 | 0.96 | -38.53 | 67.54 | 8.46 | 22.4 | 54.35 | 31.99 | -19.21 | 46.74 | -20.54 | 42.81 | 16.28 | -6.38 | 0 |
| 21Q1 (6) | 0.12 | -14.29 | 0.0 | 23.00 | -14.81 | -5.04 | 1.42 | 2940.0 | 152.79 | 3.42 | 41.91 | 222.64 | 2.06 | -5.07 | 1684.62 | 0.45 | 0.0 | 2350.0 | 0.31 | 0.0 | 933.33 | 0.13 | 0.0 | 62.5 | 7.27 | 11.16 | 0.0 | 62.27 | -1.32 | 12.4 | 41.18 | 1952.94 | 116.47 | 58.82 | -41.18 | -83.19 | 17.39 | -3.5 | -24.36 |
| 20Q4 (5) | 0.14 | -12.5 | 0 | 27.00 | 22.28 | 60.33 | -0.05 | -101.92 | 99.05 | 2.41 | -48.06 | 225.52 | 2.17 | -24.39 | 228.4 | 0.45 | -13.46 | 280.0 | 0.31 | -16.22 | 338.46 | 0.13 | 8.33 | 30.0 | 6.54 | -31.45 | 139.56 | 63.10 | 4.01 | 19.46 | -2.22 | -103.97 | -100.82 | 100.00 | 127.27 | 157.45 | 18.02 | -4.96 | 0 |
| 20Q3 (4) | 0.16 | -15.79 | 0.0 | 22.08 | -15.04 | 0.0 | 2.61 | -46.41 | 0.0 | 4.64 | -35.82 | 0.0 | 2.87 | -42.71 | 0.0 | 0.52 | -39.53 | 0.0 | 0.37 | -37.29 | 0.0 | 0.12 | 9.09 | 0.0 | 9.54 | -20.1 | 0.0 | 60.67 | 9.95 | 0.0 | 56.00 | -16.76 | 0.0 | 44.00 | 34.44 | 0.0 | 18.96 | 0 | 0.0 |
| 20Q2 (3) | 0.19 | 58.33 | 0.0 | 25.99 | 7.31 | 0.0 | 4.87 | 281.04 | 0.0 | 7.23 | 582.08 | 0.0 | 5.01 | 3953.85 | 0.0 | 0.86 | 4400.0 | 0.0 | 0.59 | 1866.67 | 0.0 | 0.11 | 37.5 | 0.0 | 11.94 | 64.24 | 0.0 | 55.18 | -0.4 | 0.0 | 67.27 | 126.91 | 0.0 | 32.73 | -90.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | 0 | 0.0 | 24.22 | 43.82 | 0.0 | -2.69 | 48.86 | 0.0 | 1.06 | 155.21 | 0.0 | -0.13 | 92.31 | 0.0 | -0.02 | 92.0 | 0.0 | 0.03 | 123.08 | 0.0 | 0.08 | -20.0 | 0.0 | 7.27 | 166.3 | 0.0 | 55.40 | 4.88 | 0.0 | -250.00 | -192.47 | 0.0 | 350.00 | 301.06 | 0.0 | 22.99 | 0 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 16.84 | 0.0 | 0.0 | -5.26 | 0.0 | 0.0 | -1.92 | 0.0 | 0.0 | -1.69 | 0.0 | 0.0 | -0.25 | 0.0 | 0.0 | -0.13 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 2.73 | 0.0 | 0.0 | 52.82 | 0.0 | 0.0 | 270.37 | 0.0 | 0.0 | -174.07 | 0.0 | 0.0 | 0.00 | 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) | 1.27 | -23.95 | 27.04 | 30.88 | 3.93 | 24.37 | 2.07 | 39.35 | 6.63 | 38.99 | 4.50 | 29.31 | 4.47 | -14.86 | 2.88 | -10.0 | 0.57 | -33.72 | 12.34 | 56.01 | 73.66 | -3.78 | 59.27 | -10.49 | 40.73 | 20.56 | 1.04 | -46.15 | 17.18 | 25.77 |
| 2022 (9) | 1.67 | 96.47 | 20.66 | -13.05 | 3.16 | 23.44 | 1.48 | -30.2 | 4.77 | 9.15 | 3.48 | 12.99 | 5.25 | 72.7 | 3.20 | 64.95 | 0.86 | 45.76 | 7.91 | -3.77 | 76.55 | 3.45 | 66.22 | 13.31 | 33.78 | -18.72 | 1.93 | -35.76 | 13.66 | -18.55 |
| 2021 (8) | 0.85 | 41.67 | 23.76 | -4.73 | 2.56 | 82.86 | 2.12 | -29.16 | 4.37 | 10.35 | 3.08 | 16.23 | 3.04 | 71.75 | 1.94 | 53.97 | 0.59 | 40.48 | 8.22 | -6.8 | 74.00 | 17.27 | 58.44 | 65.69 | 41.56 | -35.79 | 3.01 | 106.08 | 16.77 | -14.44 |
| 2020 (7) | 0.60 | 93.55 | 24.94 | 52.17 | 1.40 | 0 | 3.00 | -5.8 | 3.96 | 676.47 | 2.65 | 0 | 1.77 | 0 | 1.26 | 1045.45 | 0.42 | 2.44 | 8.82 | 93.0 | 63.10 | 19.46 | 35.27 | 0 | 64.73 | -89.33 | 1.46 | 33.61 | 19.60 | 10.05 |
| 2019 (6) | 0.31 | -35.42 | 16.39 | 39.13 | -2.53 | 0 | 3.18 | 62.7 | 0.51 | -81.04 | -0.06 | 0 | -0.04 | 0 | 0.11 | -91.13 | 0.41 | -42.25 | 4.57 | -10.92 | 52.82 | -22.78 | -506.45 | 0 | 606.45 | 769.25 | 1.09 | 77.89 | 17.81 | 54.47 |
| 2018 (5) | 0.48 | 860.0 | 11.78 | -13.38 | 0.82 | -45.7 | 1.96 | -21.8 | 2.69 | 106.92 | 1.55 | 229.79 | 1.81 | 235.19 | 1.24 | 163.83 | 0.71 | 1.43 | 5.13 | 21.85 | 68.40 | 16.6 | 30.23 | -73.76 | 69.77 | 0 | 0.61 | 0 | 11.53 | -6.94 |
| 2017 (4) | 0.05 | -75.0 | 13.60 | 1.19 | 1.51 | 277.5 | 2.50 | -14.82 | 1.30 | -21.21 | 0.47 | -45.35 | 0.54 | -49.53 | 0.47 | -41.25 | 0.70 | -7.89 | 4.21 | -14.78 | 58.66 | -14.45 | 115.22 | 378.4 | -15.94 | 0 | 0.00 | 0 | 12.39 | -2.44 |
| 2016 (3) | 0.20 | -80.39 | 13.44 | 7.01 | 0.40 | -77.9 | 2.94 | -14.08 | 1.65 | -26.99 | 0.86 | -60.91 | 1.07 | -62.32 | 0.80 | -56.99 | 0.76 | -5.0 | 4.94 | -17.11 | 68.57 | 14.4 | 24.08 | -69.84 | 75.92 | 283.65 | 0.00 | 0 | 12.70 | -2.91 |
| 2015 (2) | 1.02 | 27.5 | 12.56 | 24.11 | 1.81 | -7.18 | 3.42 | 39.91 | 2.26 | 12.44 | 2.20 | 22.91 | 2.84 | 0.71 | 1.86 | 1.09 | 0.80 | -18.37 | 5.96 | 26.81 | 59.94 | -5.99 | 79.86 | -17.49 | 19.79 | 515.41 | 0.00 | 0 | 13.08 | 19.13 |
| 2014 (1) | 0.80 | 0 | 10.12 | 0 | 1.95 | 0 | 2.44 | 45.42 | 2.01 | 0 | 1.79 | 0 | 2.82 | 0 | 1.84 | 0 | 0.98 | -17.65 | 4.70 | 0 | 63.76 | 8.49 | 96.78 | 456.51 | 3.22 | -96.11 | 0.00 | 0 | 10.98 | 15.09 |
