- 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) | 0.09 | 127.27 | 107.5 | 27.59 | 89.23 | 240.98 | 2.54 | 114.61 | 103.05 | 3.09 | 121.96 | 104.04 | 2.47 | 121.96 | 104.04 | 0.21 | 125.61 | 107.53 | 0.22 | 131.88 | 109.32 | 0.08 | 33.33 | 100.0 | 32.82 | 37.84 | 393.82 | 12.41 | -9.02 | -1.74 | 80.00 | -35.32 | -26.44 | 20.00 | 184.44 | 328.33 | 27.55 | -13.42 | -44.57 |
| 24Q2 (19) | -0.33 | 25.0 | 26.67 | 14.58 | 137.07 | -1.88 | -17.38 | 15.51 | 38.28 | -14.07 | 8.87 | 39.41 | -11.25 | 8.91 | 30.38 | -0.82 | 21.9 | 19.61 | -0.69 | 23.33 | 15.85 | 0.06 | -14.29 | 20.0 | 23.81 | 30.75 | 7.59 | 13.64 | -5.21 | -36.32 | 123.68 | -7.7 | 2.78 | -23.68 | 30.34 | -16.45 | 31.82 | 23.48 | -9.96 |
| 24Q1 (18) | -0.44 | -29.41 | -33.33 | 6.15 | -76.8 | -64.61 | -20.57 | -118.13 | -119.53 | -15.44 | -18.77 | -67.46 | -12.35 | -18.75 | -33.95 | -1.05 | -31.25 | -45.83 | -0.90 | -32.35 | -55.17 | 0.07 | 0.0 | 0.0 | 18.21 | -32.41 | -27.39 | 14.39 | 6.43 | -37.38 | 134.00 | 86.64 | 29.68 | -34.00 | -220.55 | -920.0 | 25.77 | -8.45 | -8.97 |
| 23Q4 (17) | -0.34 | 71.67 | -126.36 | 26.51 | 235.46 | -28.56 | -9.43 | 88.68 | -146.96 | -13.00 | 83.01 | -171.78 | -10.40 | 83.01 | -159.26 | -0.80 | 71.33 | -129.3 | -0.68 | 71.19 | -129.06 | 0.07 | 75.0 | -46.15 | 26.94 | 341.18 | -24.28 | 13.52 | 7.05 | -22.61 | 71.79 | -33.99 | -35.17 | 28.21 | 422.01 | 362.52 | 28.15 | -43.36 | 52.0 |
| 23Q3 (16) | -1.20 | -166.67 | -206.19 | -19.57 | -231.7 | -163.85 | -83.30 | -195.81 | -666.67 | -76.52 | -229.54 | -497.71 | -61.21 | -278.77 | -492.88 | -2.79 | -173.53 | -212.5 | -2.36 | -187.8 | -215.12 | 0.04 | -20.0 | -69.23 | -11.17 | -150.47 | -130.01 | 12.63 | -41.04 | -29.08 | 108.76 | -9.62 | 42.4 | -8.76 | 56.93 | -137.08 | 49.70 | 40.63 | 154.09 |
| 23Q2 (15) | -0.45 | -36.36 | -145.92 | 14.86 | -14.5 | -54.38 | -28.16 | -200.53 | -284.29 | -23.22 | -151.84 | -232.23 | -16.16 | -75.27 | -208.46 | -1.02 | -41.67 | -147.89 | -0.82 | -41.38 | -146.33 | 0.05 | -28.57 | -58.33 | 22.13 | -11.76 | -41.14 | 21.42 | -6.79 | -19.38 | 120.34 | 16.46 | 38.65 | -20.34 | -510.17 | -254.0 | 35.34 | 24.83 | 93.54 |
| 23Q1 (14) | -0.33 | -125.58 | -250.0 | 17.38 | -53.17 | -30.51 | -9.37 | -146.66 | -490.42 | -9.22 | -150.91 | -268.56 | -9.22 | -152.54 | -310.5 | -0.72 | -126.37 | -256.52 | -0.58 | -124.79 | -241.46 | 0.07 | -46.15 | -22.22 | 25.08 | -29.51 | -25.09 | 22.98 | 31.54 | 29.03 | 103.33 | -6.69 | 134.85 | -3.33 | 68.97 | -105.95 | 28.31 | 52.86 | 23.46 |
| 22Q4 (13) | 1.29 | 14.16 | 1512.5 | 37.11 | 21.08 | 57.71 | 20.08 | 36.6 | 2181.82 | 18.11 | -5.87 | 2030.59 | 17.55 | 12.64 | 786.36 | 2.73 | 10.08 | 1606.25 | 2.34 | 14.15 | 1362.5 | 0.13 | 0.0 | 85.71 | 35.58 | -4.41 | -3.55 | 17.47 | -1.91 | 5.3 | 110.74 | 44.99 | 10.74 | -10.74 | -145.48 | 0 | 18.52 | -5.32 | -28.08 |
| 22Q3 (12) | 1.13 | 15.31 | 222.86 | 30.65 | -5.89 | -6.44 | 14.70 | -3.8 | 73.35 | 19.24 | 9.57 | 84.82 | 15.58 | 4.56 | 87.03 | 2.48 | 16.43 | 230.67 | 2.05 | 15.82 | 225.4 | 0.13 | 8.33 | 85.71 | 37.22 | -1.01 | -12.77 | 17.81 | -32.97 | 11.24 | 76.38 | -12.0 | -4.53 | 23.62 | 78.85 | 34.98 | 19.56 | 7.12 | -24.94 |
| 22Q2 (11) | 0.98 | 345.45 | -15.52 | 32.57 | 30.23 | -25.84 | 15.28 | 536.67 | -42.21 | 17.56 | 221.02 | -28.73 | 14.90 | 240.18 | -23.43 | 2.13 | 363.04 | -11.25 | 1.77 | 331.71 | -9.23 | 0.12 | 33.33 | 20.0 | 37.60 | 12.31 | -20.69 | 26.57 | 49.19 | -9.72 | 86.79 | 97.26 | -19.28 | 13.21 | -76.42 | 275.66 | 18.26 | -20.37 | -6.88 |
| 22Q1 (10) | 0.22 | 175.0 | -89.67 | 25.01 | 6.29 | -53.46 | 2.40 | 172.73 | -93.8 | 5.47 | 543.53 | -86.36 | 4.38 | 121.21 | -86.35 | 0.46 | 187.5 | -89.43 | 0.41 | 156.25 | -88.83 | 0.09 | 28.57 | -18.18 | 33.48 | -9.24 | -44.9 | 17.81 | 7.35 | -4.66 | 44.00 | -56.0 | -54.5 | 56.00 | 0 | 1594.0 | 22.93 | -10.95 | 12.24 |
| 21Q4 (9) | 0.08 | -77.14 | -96.81 | 23.53 | -28.17 | -56.87 | 0.88 | -89.62 | -97.76 | 0.85 | -91.83 | -97.75 | 1.98 | -76.23 | -94.03 | 0.16 | -78.67 | -97.03 | 0.16 | -74.6 | -96.5 | 0.07 | 0.0 | -50.0 | 36.89 | -13.55 | -34.44 | 16.59 | 3.62 | -14.35 | 100.00 | 25.0 | -3.72 | 0.00 | -100.0 | 100.0 | 25.75 | -1.19 | 52.73 |
| 21Q3 (8) | 0.35 | -69.83 | -81.96 | 32.76 | -25.41 | -37.19 | 8.48 | -67.93 | -75.47 | 10.41 | -57.75 | -71.54 | 8.33 | -57.19 | -71.53 | 0.75 | -68.75 | -82.95 | 0.63 | -67.69 | -82.6 | 0.07 | -30.0 | -41.67 | 42.67 | -10.0 | -23.87 | 16.01 | -45.6 | -7.03 | 80.00 | -25.59 | -15.38 | 17.50 | 332.75 | 220.83 | 26.06 | 32.89 | 41.09 |
| 21Q2 (7) | 1.16 | -45.54 | 18.37 | 43.92 | -18.27 | -6.33 | 26.44 | -31.71 | 21.73 | 24.64 | -38.55 | 17.67 | 19.46 | -39.34 | 16.95 | 2.40 | -44.83 | 9.09 | 1.95 | -46.87 | 7.73 | 0.10 | -9.09 | -9.09 | 47.41 | -21.97 | 12.32 | 29.43 | 57.55 | 8.08 | 107.52 | 11.19 | 3.81 | -7.52 | -327.44 | -110.53 | 19.61 | -4.01 | 0 |
| 21Q1 (6) | 2.13 | -15.14 | 97.22 | 53.74 | -1.5 | 15.94 | 38.72 | -1.38 | 64.56 | 40.10 | 6.2 | 59.57 | 32.08 | -3.32 | 59.52 | 4.35 | -19.14 | 82.77 | 3.67 | -19.69 | 81.68 | 0.11 | -21.43 | 10.0 | 60.76 | 7.98 | 28.1 | 18.68 | -3.56 | 6.08 | 96.69 | -6.9 | 2.58 | 3.31 | 185.62 | -49.59 | 20.43 | 21.17 | 0 |
| 20Q4 (5) | 2.51 | 29.38 | 114.53 | 54.56 | 4.6 | 18.48 | 39.26 | 13.57 | 75.58 | 37.76 | 3.23 | 81.36 | 33.18 | 13.4 | 62.89 | 5.38 | 22.27 | 103.79 | 4.57 | 26.24 | 99.56 | 0.14 | 16.67 | 27.27 | 56.27 | 0.39 | 41.77 | 19.37 | 12.49 | 3.09 | 103.86 | 9.85 | -3.3 | -3.86 | -170.79 | 47.88 | 16.86 | -8.72 | -7.46 |
| 20Q3 (4) | 1.94 | 97.96 | 0.0 | 52.16 | 11.24 | 0.0 | 34.57 | 59.16 | 0.0 | 36.58 | 74.69 | 0.0 | 29.26 | 75.84 | 0.0 | 4.40 | 100.0 | 0.0 | 3.62 | 100.0 | 0.0 | 0.12 | 9.09 | 0.0 | 56.05 | 32.79 | 0.0 | 17.22 | -36.76 | 0.0 | 94.55 | -8.71 | 0.0 | 5.45 | 252.73 | 0.0 | 18.47 | 0 | 0.0 |
| 20Q2 (3) | 0.98 | -9.26 | 0.0 | 46.89 | 1.17 | 0.0 | 21.72 | -7.69 | 0.0 | 20.94 | -16.67 | 0.0 | 16.64 | -17.26 | 0.0 | 2.20 | -7.56 | 0.0 | 1.81 | -10.4 | 0.0 | 0.11 | 10.0 | 0.0 | 42.21 | -11.01 | 0.0 | 27.23 | 54.63 | 0.0 | 103.57 | 9.88 | 0.0 | -3.57 | -154.46 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.08 | -7.69 | 0.0 | 46.35 | 0.65 | 0.0 | 23.53 | 5.23 | 0.0 | 25.13 | 20.7 | 0.0 | 20.11 | -1.28 | 0.0 | 2.38 | -9.85 | 0.0 | 2.02 | -11.79 | 0.0 | 0.10 | -9.09 | 0.0 | 47.43 | 19.5 | 0.0 | 17.61 | -6.28 | 0.0 | 94.26 | -12.24 | 0.0 | 6.56 | 188.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.17 | 0.0 | 0.0 | 46.05 | 0.0 | 0.0 | 22.36 | 0.0 | 0.0 | 20.82 | 0.0 | 0.0 | 20.37 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 2.29 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 39.69 | 0.0 | 0.0 | 18.79 | 0.0 | 0.0 | 107.41 | 0.0 | 0.0 | -7.41 | 0.0 | 0.0 | 18.22 | 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) | -2.31 | 0 | 13.08 | -58.97 | -26.42 | 0 | 43.09 | 116.89 | -25.04 | 0 | -20.03 | 0 | -5.15 | 0 | -4.37 | 0 | 0.22 | -53.19 | 18.75 | -48.15 | 13.52 | -22.61 | 105.68 | 19.6 | -5.68 | 0 | 0.09 | -22.19 | 33.57 | 71.45 |
| 2022 (9) | 3.61 | -2.7 | 31.88 | -22.3 | 14.03 | -36.23 | 19.87 | -23.44 | 15.89 | -28.81 | 13.84 | -23.2 | 7.64 | -2.43 | 6.60 | -1.49 | 0.47 | 27.03 | 36.16 | -25.98 | 17.47 | 5.3 | 88.36 | -10.35 | 11.64 | 710.93 | 0.12 | -2.66 | 19.58 | -12.32 |
| 2021 (8) | 3.71 | -42.92 | 41.03 | -18.64 | 22.00 | -28.27 | 25.95 | 31.1 | 22.32 | -27.79 | 18.02 | -29.55 | 7.83 | -44.23 | 6.70 | -43.46 | 0.37 | -19.57 | 48.85 | -4.4 | 16.59 | -14.35 | 98.56 | -0.6 | 1.44 | 104.98 | 0.12 | -43.15 | 22.33 | 20.9 |
| 2020 (7) | 6.50 | 30.78 | 50.43 | 4.87 | 30.67 | 22.68 | 19.79 | 8.96 | 30.91 | 22.61 | 25.58 | 21.4 | 14.04 | 26.26 | 11.85 | 21.17 | 0.46 | 0.0 | 51.10 | 16.61 | 19.37 | 3.09 | 99.16 | 0.09 | 0.70 | -24.51 | 0.21 | -14.69 | 18.47 | -0.27 |
| 2019 (6) | 4.97 | -35.54 | 48.09 | -10.96 | 25.00 | -29.89 | 18.16 | 27.32 | 25.21 | -32.32 | 21.07 | -28.58 | 11.12 | -38.12 | 9.78 | -40.37 | 0.46 | -17.86 | 43.82 | -15.23 | 18.79 | 81.72 | 99.07 | 3.54 | 0.93 | -77.94 | 0.25 | -26.31 | 18.52 | 8.18 |
| 2018 (5) | 7.71 | 6.05 | 54.01 | -0.18 | 35.66 | -8.38 | 14.27 | 6.17 | 37.25 | -4.04 | 29.50 | -8.27 | 17.97 | 2.16 | 16.40 | 1.67 | 0.56 | 12.0 | 51.69 | -1.32 | 10.34 | 16.97 | 95.68 | -4.68 | 4.20 | 0 | 0.34 | 0 | 17.12 | -2.51 |
| 2017 (4) | 7.27 | -24.59 | 54.11 | -9.27 | 38.92 | -21.67 | 13.44 | 35.02 | 38.82 | -22.55 | 32.16 | -22.49 | 17.59 | -26.46 | 16.13 | -25.63 | 0.50 | -3.85 | 52.38 | -12.9 | 8.84 | -4.95 | 100.38 | 1.34 | -0.25 | 0 | 0.00 | 0 | 17.56 | 9.82 |
| 2016 (3) | 9.64 | -35.26 | 59.64 | -9.51 | 49.69 | -13.81 | 9.95 | 46.26 | 50.12 | -14.82 | 41.49 | -14.93 | 23.92 | -38.62 | 21.69 | -36.65 | 0.52 | -25.71 | 60.14 | -8.5 | 9.30 | -17.41 | 99.05 | 1.09 | 0.85 | -57.72 | 0.00 | 0 | 15.99 | 11.82 |
| 2015 (2) | 14.89 | 33.07 | 65.91 | 7.63 | 57.65 | 6.5 | 6.80 | 11.17 | 58.84 | 3.87 | 48.77 | 3.85 | 38.97 | -21.49 | 34.24 | -18.36 | 0.70 | -21.35 | 65.73 | 4.63 | 11.26 | -43.81 | 97.99 | 2.56 | 2.01 | -54.83 | 0.00 | 0 | 14.30 | 4.99 |
| 2014 (1) | 11.19 | 85.57 | 61.24 | 0 | 54.13 | 0 | 6.12 | -14.19 | 56.65 | 0 | 46.96 | 0 | 49.64 | 0 | 41.94 | 0 | 0.89 | 27.14 | 62.82 | 16.96 | 20.04 | 26.2 | 95.55 | -2.69 | 4.45 | 146.42 | 0.00 | 0 | 13.62 | -17.35 |
