- 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) | 0.01 | -75.0 | -91.67 | 68.45 | 6.14 | -0.52 | -7.28 | 55.23 | 28.63 | 0.90 | -87.29 | -96.14 | 1.16 | -85.64 | -94.63 | 0.05 | -85.29 | -94.95 | 0.06 | -80.0 | -93.02 | 0.04 | 0.0 | 0.0 | 6.82 | -52.27 | -77.11 | 11.15 | -32.87 | -3.88 | 0.00 | 100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 59.99 | -7.31 | -6.82 |
| 24Q2 (19) | 0.04 | 100.0 | -84.0 | 64.49 | -8.47 | -3.59 | -16.26 | 33.93 | -231.87 | 7.08 | -15.61 | -78.75 | 8.08 | 66.26 | -72.4 | 0.34 | 88.89 | -82.47 | 0.30 | 76.47 | -82.14 | 0.04 | 33.33 | -33.33 | 14.29 | -11.9 | -63.48 | 16.61 | 0.06 | -19.84 | -233.33 | 22.22 | -696.3 | 333.33 | -16.67 | 411.11 | 64.72 | -15.99 | 44.17 |
| 24Q1 (18) | 0.02 | -71.43 | -88.89 | 70.46 | 9.51 | 0.9 | -24.61 | -888.78 | -276.29 | 8.39 | -12.42 | -66.05 | 4.86 | -49.69 | -77.55 | 0.18 | -67.27 | -86.76 | 0.17 | -66.67 | -86.07 | 0.03 | -40.0 | -50.0 | 16.22 | 6.36 | -45.66 | 16.60 | 44.6 | 41.16 | -300.00 | -1000.0 | -666.67 | 400.00 | 500.0 | 871.43 | 77.04 | 56.87 | 66.93 |
| 23Q4 (17) | 0.07 | -41.67 | -50.0 | 64.34 | -6.5 | -5.23 | 3.12 | 130.59 | -75.74 | 9.58 | -58.94 | -49.71 | 9.66 | -55.32 | -42.47 | 0.55 | -44.44 | -50.0 | 0.51 | -40.7 | -49.0 | 0.05 | 25.0 | -16.67 | 15.25 | -48.81 | -38.11 | 11.48 | -1.03 | -5.12 | 33.33 | 173.33 | -51.85 | 66.67 | -54.17 | 116.67 | 49.11 | -23.72 | 12.79 |
| 23Q3 (16) | 0.12 | -52.0 | -47.83 | 68.81 | 2.87 | -5.93 | -10.20 | -182.73 | -151.39 | 23.33 | -29.96 | -20.94 | 21.62 | -26.16 | -8.66 | 0.99 | -48.97 | -46.49 | 0.86 | -48.81 | -46.25 | 0.04 | -33.33 | -42.86 | 29.79 | -23.87 | -10.62 | 11.60 | -44.02 | 4.22 | -45.45 | -216.16 | -168.18 | 145.45 | 123.03 | 336.36 | 64.38 | 43.42 | 40.05 |
| 23Q2 (15) | 0.25 | 38.89 | 13.64 | 66.89 | -4.21 | -8.03 | 12.33 | -11.68 | -49.96 | 33.31 | 34.8 | 17.79 | 29.28 | 35.24 | 31.71 | 1.94 | 42.65 | 11.49 | 1.68 | 37.7 | 12.0 | 0.06 | 0.0 | -14.29 | 39.13 | 31.09 | 17.4 | 20.72 | 76.19 | -3.36 | 39.13 | -26.09 | -55.0 | 65.22 | 58.39 | 400.0 | 44.89 | -2.73 | 17.05 |
| 23Q1 (14) | 0.18 | 28.57 | -28.0 | 69.83 | 2.86 | -3.13 | 13.96 | 8.55 | -43.87 | 24.71 | 29.71 | -29.68 | 21.65 | 28.95 | -18.88 | 1.36 | 23.64 | -28.8 | 1.22 | 22.0 | -29.07 | 0.06 | 0.0 | 0.0 | 29.85 | 21.14 | -24.37 | 11.76 | -2.81 | -0.84 | 52.94 | -23.53 | -24.77 | 41.18 | 33.82 | 38.97 | 46.15 | 5.99 | 18.33 |
| 22Q4 (13) | 0.14 | -39.13 | -36.36 | 67.89 | -7.19 | -8.01 | 12.86 | -35.21 | -24.0 | 19.05 | -35.45 | -38.81 | 16.79 | -29.07 | -39.3 | 1.10 | -40.54 | -37.14 | 1.00 | -37.5 | -36.31 | 0.06 | -14.29 | 0.0 | 24.64 | -26.07 | -33.26 | 12.10 | 8.72 | -1.22 | 69.23 | 3.85 | 25.87 | 30.77 | -7.69 | -31.62 | 43.54 | -5.29 | -2.77 |
| 22Q3 (12) | 0.23 | 4.55 | -11.54 | 73.15 | 0.58 | -1.4 | 19.85 | -19.44 | -24.06 | 29.51 | 4.35 | -8.72 | 23.67 | 6.48 | -12.72 | 1.85 | 6.32 | -7.04 | 1.60 | 6.67 | -10.61 | 0.07 | 0.0 | 0.0 | 33.33 | 0.0 | -8.33 | 11.13 | -48.09 | -9.07 | 66.67 | -23.33 | -16.67 | 33.33 | 155.56 | 66.67 | 45.97 | 19.87 | 23.54 |
| 22Q2 (11) | 0.22 | -12.0 | 29.41 | 72.73 | 0.89 | 6.07 | 24.64 | -0.92 | 33.77 | 28.28 | -19.52 | 42.04 | 22.23 | -16.71 | 18.24 | 1.74 | -8.9 | 33.85 | 1.50 | -12.79 | 28.21 | 0.07 | 16.67 | 16.67 | 33.33 | -15.56 | 37.05 | 21.44 | 80.78 | 84.51 | 86.96 | 23.57 | -6.83 | 13.04 | -55.98 | 95.65 | 38.35 | -1.67 | -0.39 |
| 22Q1 (10) | 0.25 | 13.64 | 19.05 | 72.09 | -2.32 | 6.44 | 24.87 | 46.99 | 42.52 | 35.14 | 12.88 | 12.88 | 26.69 | -3.51 | 6.89 | 1.91 | 9.14 | 19.37 | 1.72 | 9.55 | 18.62 | 0.06 | 0.0 | 0.0 | 39.47 | 6.91 | 10.19 | 11.86 | -3.18 | 5.61 | 70.37 | 27.95 | 23.15 | 29.63 | -34.16 | -30.86 | 39.00 | -12.91 | -5.18 |
| 21Q4 (9) | 0.22 | -15.38 | 120.0 | 73.80 | -0.53 | 14.88 | 16.92 | -35.27 | 110.97 | 31.13 | -3.71 | 133.71 | 27.66 | 1.99 | 105.19 | 1.75 | -12.06 | 116.05 | 1.57 | -12.29 | 112.16 | 0.06 | -14.29 | 20.0 | 36.92 | 1.54 | 111.45 | 12.25 | 0.08 | 9.67 | 55.00 | -31.25 | -12.0 | 45.00 | 125.0 | 20.0 | 44.78 | 20.34 | 0.95 |
| 21Q3 (8) | 0.26 | 52.94 | 271.43 | 74.19 | 8.2 | 10.57 | 26.14 | 41.91 | 200.11 | 32.33 | 62.38 | 190.74 | 27.12 | 44.26 | 176.17 | 1.99 | 53.08 | 268.52 | 1.79 | 52.99 | 272.92 | 0.07 | 16.67 | 40.0 | 36.36 | 49.51 | 107.3 | 12.24 | 5.34 | 13.54 | 80.00 | -14.29 | -4.0 | 20.00 | 200.0 | 20.0 | 37.21 | -3.35 | -20.08 |
| 21Q2 (7) | 0.17 | -19.05 | -26.09 | 68.57 | 1.24 | 5.1 | 18.42 | 5.56 | 63.01 | 19.91 | -36.04 | -36.71 | 18.80 | -24.71 | -36.03 | 1.30 | -18.75 | -26.97 | 1.17 | -19.31 | -25.48 | 0.06 | 0.0 | 20.0 | 24.32 | -32.1 | -32.33 | 11.62 | 3.47 | -35.52 | 93.33 | 63.33 | 166.67 | 6.67 | -84.44 | -89.74 | 38.50 | -6.39 | 3.41 |
| 21Q1 (6) | 0.21 | 110.0 | 2000.0 | 67.73 | 5.43 | -7.62 | 17.45 | 117.58 | 191.32 | 31.13 | 133.71 | 487.36 | 24.97 | 85.24 | 2556.38 | 1.60 | 97.53 | 3900.0 | 1.45 | 95.95 | 2800.0 | 0.06 | 20.0 | 50.0 | 35.82 | 105.15 | 251.18 | 11.23 | 0.54 | 3.12 | 57.14 | -8.57 | -42.86 | 42.86 | 14.29 | 0 | 41.13 | -7.28 | -23.78 |
| 20Q4 (5) | 0.10 | 42.86 | -47.37 | 64.24 | -4.26 | -3.69 | 8.02 | -7.92 | -26.56 | 13.32 | 19.78 | -44.36 | 13.48 | 37.27 | -41.37 | 0.81 | 50.0 | -44.9 | 0.74 | 54.17 | -44.36 | 0.05 | 0.0 | -16.67 | 17.46 | -0.46 | -38.89 | 11.17 | 3.62 | -4.61 | 62.50 | -25.0 | 32.81 | 37.50 | 125.0 | -29.17 | 44.36 | -4.73 | 6.81 |
| 20Q3 (4) | 0.07 | -69.57 | 0.0 | 67.10 | 2.85 | 0.0 | 8.71 | -22.92 | 0.0 | 11.12 | -64.65 | 0.0 | 9.82 | -66.59 | 0.0 | 0.54 | -69.66 | 0.0 | 0.48 | -69.43 | 0.0 | 0.05 | 0.0 | 0.0 | 17.54 | -51.2 | 0.0 | 10.78 | -40.18 | 0.0 | 83.33 | 138.1 | 0.0 | 16.67 | -74.36 | 0.0 | 46.56 | 25.06 | 0.0 |
| 20Q2 (3) | 0.23 | 2200.0 | 0.0 | 65.24 | -11.02 | 0.0 | 11.30 | 88.65 | 0.0 | 31.46 | 493.58 | 0.0 | 29.39 | 3026.6 | 0.0 | 1.78 | 4350.0 | 0.0 | 1.57 | 3040.0 | 0.0 | 0.05 | 25.0 | 0.0 | 35.94 | 252.35 | 0.0 | 18.02 | 65.47 | 0.0 | 35.00 | -65.0 | 0.0 | 65.00 | 0 | 0.0 | 37.23 | -31.0 | 0.0 |
| 20Q1 (2) | 0.01 | -94.74 | 0.0 | 73.32 | 9.93 | 0.0 | 5.99 | -45.15 | 0.0 | 5.30 | -77.86 | 0.0 | 0.94 | -95.91 | 0.0 | 0.04 | -97.28 | 0.0 | 0.05 | -96.24 | 0.0 | 0.04 | -33.33 | 0.0 | 10.20 | -64.3 | 0.0 | 10.89 | -7.0 | 0.0 | 100.00 | 112.5 | 0.0 | -0.00 | -100.0 | 0.0 | 53.96 | 29.93 | 0.0 |
| 19Q4 (1) | 0.19 | 0.0 | 0.0 | 66.70 | 0.0 | 0.0 | 10.92 | 0.0 | 0.0 | 23.94 | 0.0 | 0.0 | 22.99 | 0.0 | 0.0 | 1.47 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 28.57 | 0.0 | 0.0 | 11.71 | 0.0 | 0.0 | 47.06 | 0.0 | 0.0 | 52.94 | 0.0 | 0.0 | 41.53 | 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) | 0.61 | -27.38 | 67.46 | -5.77 | 6.18 | -70.26 | 4.12 | 26.34 | 23.23 | -17.65 | 20.92 | -6.94 | 4.84 | -25.99 | 4.37 | -25.68 | 0.21 | -19.23 | 28.81 | -13.28 | 11.48 | -5.12 | 26.79 | -63.59 | 73.21 | 176.94 | 0.09 | 3.65 | 50.04 | 20.06 |
| 2022 (9) | 0.84 | -1.18 | 71.59 | 0.68 | 20.78 | 4.21 | 3.26 | 15.23 | 28.21 | -1.16 | 22.48 | -8.51 | 6.54 | -1.95 | 5.88 | -2.16 | 0.26 | 8.33 | 33.22 | 0.0 | 12.10 | -1.22 | 73.56 | 4.54 | 26.44 | -10.78 | 0.08 | -1.76 | 41.68 | 3.6 |
| 2021 (8) | 0.85 | 107.32 | 71.11 | 5.93 | 19.94 | 130.25 | 2.83 | -17.31 | 28.54 | 77.49 | 24.57 | 71.58 | 6.67 | 114.47 | 6.01 | 112.37 | 0.24 | 20.0 | 33.22 | 55.45 | 12.25 | 9.67 | 70.37 | 33.7 | 29.63 | -33.77 | 0.09 | 0 | 40.23 | -10.52 |
| 2020 (7) | 0.41 | -18.0 | 67.13 | 1.1 | 8.66 | 106.19 | 3.42 | -7.69 | 16.08 | -13.87 | 14.32 | -16.16 | 3.11 | -15.26 | 2.83 | -17.49 | 0.20 | 0.0 | 21.37 | -10.47 | 11.17 | -4.61 | 52.63 | 136.84 | 44.74 | -42.48 | 0.00 | 0 | 44.96 | -6.0 |
| 2019 (6) | 0.50 | 13.64 | 66.40 | -0.24 | 4.20 | 9.95 | 3.70 | 38.1 | 18.67 | 13.77 | 17.08 | 17.63 | 3.67 | 13.62 | 3.43 | 11.73 | 0.20 | -4.76 | 23.87 | 17.53 | 11.71 | 128.71 | 22.22 | -4.44 | 77.78 | 1.35 | 0.00 | 0 | 47.83 | -0.79 |
| 2018 (5) | 0.44 | -30.16 | 66.56 | -2.62 | 3.82 | -77.98 | 2.68 | 17.62 | 16.41 | -13.9 | 14.52 | -13.98 | 3.23 | -24.71 | 3.07 | -24.2 | 0.21 | -12.5 | 20.31 | -9.65 | 5.12 | -6.4 | 23.26 | -74.11 | 76.74 | 805.58 | 0.00 | 0 | 48.21 | 20.98 |
| 2017 (4) | 0.63 | -26.74 | 68.35 | -1.73 | 17.35 | -7.07 | 2.28 | 1.95 | 19.06 | -27.11 | 16.88 | -25.57 | 4.29 | -25.26 | 4.05 | -24.72 | 0.24 | 0.0 | 22.48 | -24.34 | 5.47 | -15.33 | 89.83 | 27.0 | 8.47 | -69.79 | 0.00 | 0 | 39.85 | -0.92 |
| 2016 (3) | 0.86 | -14.85 | 69.55 | 1.82 | 18.67 | 9.05 | 2.24 | 5.11 | 26.15 | -12.28 | 22.68 | -11.54 | 5.74 | -14.46 | 5.38 | -14.6 | 0.24 | -4.0 | 29.71 | -11.13 | 6.46 | -8.89 | 70.73 | 23.78 | 28.05 | -34.55 | 0.00 | 0 | 40.22 | -0.3 |
| 2015 (2) | 1.01 | 1.0 | 68.31 | -2.41 | 17.12 | -14.14 | 2.13 | -31.49 | 29.81 | -0.37 | 25.64 | -0.66 | 6.71 | 2.13 | 6.30 | 1.29 | 0.25 | 4.17 | 33.43 | -3.88 | 7.09 | 18.76 | 57.14 | -14.29 | 42.86 | 28.57 | 0.00 | 0 | 40.34 | 5.05 |
| 2014 (1) | 1.00 | 14.94 | 70.00 | 0 | 19.94 | 0 | 3.11 | 8.7 | 29.92 | 0 | 25.81 | 0 | 6.57 | 0 | 6.22 | 0 | 0.24 | -7.69 | 34.78 | 19.35 | 5.97 | 5.66 | 66.67 | -8.99 | 33.33 | 24.64 | 0.00 | 0 | 38.40 | -0.72 |
