- 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) | 0.40 | -57.45 | -66.39 | 13.45 | -9.85 | 11.8 | 6.61 | -3.64 | 25.9 | 3.79 | -58.94 | -62.21 | 3.05 | -58.5 | -62.06 | 1.90 | -56.32 | -66.49 | 1.21 | -53.82 | -61.95 | 0.37 | 5.71 | -2.63 | 4.69 | -53.97 | -55.84 | 64.60 | -7.99 | -15.68 | 175.00 | 134.57 | 229.17 | -75.00 | -395.31 | -255.92 | 2.87 | -19.83 | -12.5 |
| 24Q2 (19) | 0.94 | -39.74 | 46.87 | 14.92 | -11.66 | 22.0 | 6.86 | -24.12 | 71.93 | 9.23 | -36.48 | 45.13 | 7.35 | -36.86 | 43.84 | 4.35 | -40.57 | 35.09 | 2.62 | -38.64 | 48.02 | 0.35 | -2.78 | 6.06 | 10.19 | -33.4 | 43.12 | 70.21 | -3.43 | -22.53 | 74.60 | 19.37 | 18.81 | 25.40 | -32.28 | -31.75 | 3.58 | 1.7 | 21.77 |
| 24Q1 (18) | 1.56 | 15500.0 | 65.96 | 16.89 | 11.85 | -7.7 | 9.04 | 20.37 | -11.29 | 14.53 | 2068.66 | 54.25 | 11.64 | 29000.0 | 56.87 | 7.32 | 24300.0 | 59.13 | 4.27 | 4170.0 | 66.15 | 0.36 | 5.88 | 9.09 | 15.30 | 862.26 | 53.0 | 72.70 | -5.89 | -21.78 | 62.50 | -93.99 | -42.03 | 37.50 | 103.99 | 580.0 | 3.52 | 13.55 | 18.12 |
| 23Q4 (17) | 0.01 | -99.16 | -98.04 | 15.10 | 25.52 | 35.67 | 7.51 | 43.05 | -20.02 | 0.67 | -93.32 | -86.73 | 0.04 | -99.5 | -99.01 | 0.03 | -99.47 | -98.77 | 0.10 | -96.86 | -92.81 | 0.34 | -10.53 | 6.25 | 1.59 | -85.03 | -71.56 | 77.25 | 0.84 | -1.54 | 1040.00 | 1856.19 | 452.5 | -940.00 | -2054.21 | -1002.07 | 3.10 | -5.49 | -8.01 |
| 23Q3 (16) | 1.19 | 85.94 | -2.46 | 12.03 | -1.64 | -23.72 | 5.25 | 31.58 | -4.89 | 10.03 | 57.7 | -31.49 | 8.04 | 57.34 | -31.4 | 5.67 | 76.09 | -6.74 | 3.18 | 79.66 | 2.58 | 0.38 | 15.15 | 46.15 | 10.62 | 49.16 | -30.41 | 76.61 | -15.47 | -19.35 | 53.16 | -15.33 | 40.63 | 48.10 | 29.27 | -22.66 | 3.28 | 11.56 | -2.96 |
| 23Q2 (15) | 0.64 | -31.91 | -42.34 | 12.23 | -33.17 | -28.98 | 3.99 | -60.84 | -48.65 | 6.36 | -32.48 | -48.83 | 5.11 | -31.13 | -48.07 | 3.22 | -30.0 | -45.52 | 1.77 | -31.13 | -39.59 | 0.33 | 0.0 | 13.79 | 7.12 | -28.8 | -45.4 | 90.63 | -2.49 | -14.09 | 62.79 | -41.76 | 0.2 | 37.21 | 576.28 | -0.33 | 2.94 | -1.34 | -34.52 |
| 23Q1 (14) | 0.94 | 84.31 | -40.13 | 18.30 | 64.42 | 34.56 | 10.19 | 8.52 | 38.83 | 9.42 | 86.53 | -12.37 | 7.42 | 84.12 | -14.61 | 4.60 | 89.3 | -43.97 | 2.57 | 84.89 | -38.81 | 0.33 | 3.13 | -31.25 | 10.00 | 78.89 | -10.15 | 92.94 | 18.46 | -10.92 | 107.81 | -42.72 | 57.92 | -7.81 | 90.84 | -124.62 | 2.98 | -11.57 | 12.45 |
| 22Q4 (13) | 0.51 | -58.2 | -59.84 | 11.13 | -29.42 | -32.01 | 9.39 | 70.11 | -7.4 | 5.05 | -65.51 | -49.35 | 4.03 | -65.61 | -48.2 | 2.43 | -60.03 | -62.73 | 1.39 | -55.16 | -59.36 | 0.32 | 23.08 | -25.58 | 5.59 | -63.37 | -45.89 | 78.46 | -17.4 | -14.68 | 188.24 | 397.91 | 86.1 | -85.29 | -237.14 | -7320.59 | 3.37 | -0.3 | 35.89 |
| 22Q3 (12) | 1.22 | 9.91 | 34.07 | 15.77 | -8.42 | 7.79 | 5.52 | -28.96 | -26.6 | 14.64 | 17.78 | 93.65 | 11.72 | 19.11 | 89.03 | 6.08 | 2.88 | 22.58 | 3.10 | 5.8 | 19.23 | 0.26 | -10.34 | -36.59 | 15.26 | 17.02 | 93.41 | 94.99 | -9.96 | 0.84 | 37.80 | -39.67 | -62.2 | 62.20 | 66.59 | 0 | 3.38 | -24.72 | 13.42 |
| 22Q2 (11) | 1.11 | -29.3 | 81.97 | 17.22 | 26.62 | 8.92 | 7.77 | 5.86 | -8.48 | 12.43 | 15.63 | 127.24 | 9.84 | 13.23 | 125.17 | 5.91 | -28.01 | 69.34 | 2.93 | -30.24 | 58.38 | 0.29 | -39.58 | -30.95 | 13.04 | 17.16 | 123.29 | 105.50 | 1.12 | 14.15 | 62.67 | -8.21 | -59.85 | 37.33 | 17.66 | 166.55 | 4.49 | 69.43 | 57.54 |
| 22Q1 (10) | 1.57 | 23.62 | 33.05 | 13.60 | -16.92 | -30.11 | 7.34 | -27.61 | -33.45 | 10.75 | 7.82 | 2.48 | 8.69 | 11.7 | 2.6 | 8.21 | 25.92 | 25.34 | 4.20 | 22.81 | 15.07 | 0.48 | 11.63 | 11.63 | 11.13 | 7.74 | 2.39 | 104.33 | 13.45 | 14.79 | 68.27 | -32.51 | -35.06 | 31.73 | 2860.58 | 718.75 | 2.65 | 6.85 | -18.71 |
| 21Q4 (9) | 1.27 | 39.56 | 81.43 | 16.37 | 11.89 | 8.12 | 10.14 | 34.84 | 14.32 | 9.97 | 31.88 | 50.83 | 7.78 | 25.48 | 49.33 | 6.52 | 31.45 | 69.79 | 3.42 | 31.54 | 51.33 | 0.43 | 4.88 | 2.38 | 10.33 | 30.93 | 46.73 | 91.96 | -2.38 | 27.46 | 101.15 | 1.15 | -24.14 | -1.15 | 0 | 96.55 | 2.48 | -16.78 | -25.08 |
| 21Q3 (8) | 0.91 | 49.18 | 59.65 | 14.63 | -7.46 | 9.51 | 7.52 | -11.43 | 8.67 | 7.56 | 38.21 | 47.37 | 6.20 | 41.88 | 54.61 | 4.96 | 42.12 | 53.56 | 2.60 | 40.54 | 38.3 | 0.41 | -2.38 | -10.87 | 7.89 | 35.1 | 39.65 | 94.20 | 1.93 | 23.96 | 100.00 | -35.94 | -26.42 | 0.00 | 100.0 | 100.0 | 2.98 | 4.56 | 7.97 |
| 21Q2 (7) | 0.61 | -48.31 | -3.17 | 15.81 | -18.76 | 12.37 | 8.49 | -23.03 | 10.98 | 5.47 | -47.86 | -1.26 | 4.37 | -48.41 | -1.13 | 3.49 | -46.72 | -5.93 | 1.85 | -49.32 | -16.29 | 0.42 | -2.33 | -14.29 | 5.84 | -46.27 | -2.5 | 92.42 | 1.68 | 23.14 | 156.10 | 48.48 | 13.77 | -56.10 | -993.9 | -50.76 | 2.85 | -12.58 | 0 |
| 21Q1 (6) | 1.18 | 68.57 | 19.19 | 19.46 | 28.53 | 17.44 | 11.03 | 24.35 | 24.63 | 10.49 | 58.7 | 11.24 | 8.47 | 62.57 | 11.01 | 6.55 | 70.57 | 24.52 | 3.65 | 61.5 | 13.35 | 0.43 | 2.38 | 4.88 | 10.87 | 54.4 | 7.2 | 90.89 | 25.97 | 35.94 | 105.13 | -21.15 | 10.76 | -5.13 | 84.62 | -175.64 | 3.26 | -1.51 | 0 |
| 20Q4 (5) | 0.70 | 22.81 | 20.69 | 15.14 | 13.32 | -12.03 | 8.87 | 28.18 | -1.77 | 6.61 | 28.85 | 20.62 | 5.21 | 29.93 | 27.7 | 3.84 | 18.89 | 24.68 | 2.26 | 20.21 | 19.58 | 0.42 | -8.7 | -4.55 | 7.04 | 24.6 | 10.52 | 72.15 | -5.05 | 5.19 | 133.33 | -1.89 | -18.28 | -33.33 | 7.14 | 49.33 | 3.31 | 19.93 | 4.75 |
| 20Q3 (4) | 0.57 | -9.52 | 0.0 | 13.36 | -5.05 | 0.0 | 6.92 | -9.54 | 0.0 | 5.13 | -7.4 | 0.0 | 4.01 | -9.28 | 0.0 | 3.23 | -12.94 | 0.0 | 1.88 | -14.93 | 0.0 | 0.46 | -6.12 | 0.0 | 5.65 | -5.68 | 0.0 | 75.99 | 1.25 | 0.0 | 135.90 | -0.96 | 0.0 | -35.90 | 3.53 | 0.0 | 2.76 | 0 | 0.0 |
| 20Q2 (3) | 0.63 | -36.36 | 0.0 | 14.07 | -15.09 | 0.0 | 7.65 | -13.56 | 0.0 | 5.54 | -41.25 | 0.0 | 4.42 | -42.07 | 0.0 | 3.71 | -29.47 | 0.0 | 2.21 | -31.37 | 0.0 | 0.49 | 19.51 | 0.0 | 5.99 | -40.93 | 0.0 | 75.05 | 12.25 | 0.0 | 137.21 | 44.56 | 0.0 | -37.21 | -648.84 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.99 | 70.69 | 0.0 | 16.57 | -3.72 | 0.0 | 8.85 | -1.99 | 0.0 | 9.43 | 72.08 | 0.0 | 7.63 | 87.01 | 0.0 | 5.26 | 70.78 | 0.0 | 3.22 | 70.37 | 0.0 | 0.41 | -6.82 | 0.0 | 10.14 | 59.18 | 0.0 | 66.86 | -2.52 | 0.0 | 94.92 | -41.83 | 0.0 | 6.78 | 110.31 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.58 | 0.0 | 0.0 | 17.21 | 0.0 | 0.0 | 9.03 | 0.0 | 0.0 | 5.48 | 0.0 | 0.0 | 4.08 | 0.0 | 0.0 | 3.08 | 0.0 | 0.0 | 1.89 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 6.37 | 0.0 | 0.0 | 68.59 | 0.0 | 0.0 | 163.16 | 0.0 | 0.0 | -65.79 | 0.0 | 0.0 | 3.16 | 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) | 2.78 | -37.1 | 14.33 | 0.84 | 6.68 | -11.76 | 0.39 | 36.34 | 6.73 | -35.97 | 5.25 | -37.57 | 13.00 | -39.2 | 7.66 | -35.14 | 1.39 | 1.46 | 7.44 | -32.49 | 77.25 | -1.54 | 99.48 | 37.77 | 0.52 | -98.14 | 0.00 | 0 | 3.08 | -8.33 |
| 2022 (9) | 4.42 | 11.34 | 14.21 | -14.04 | 7.57 | -18.6 | 0.28 | 12.23 | 10.51 | 24.82 | 8.41 | 24.96 | 21.38 | 4.29 | 11.81 | 3.78 | 1.37 | -17.96 | 11.02 | 25.51 | 78.46 | -14.68 | 72.20 | -34.67 | 28.14 | 0 | 0.00 | 0 | 3.36 | 16.67 |
| 2021 (8) | 3.97 | 41.28 | 16.53 | 12.45 | 9.30 | 15.96 | 0.25 | -33.56 | 8.42 | 28.55 | 6.73 | 29.17 | 20.50 | 31.41 | 11.38 | 21.58 | 1.67 | -5.11 | 8.78 | 23.49 | 91.96 | 27.46 | 110.53 | -9.57 | -10.53 | 0 | 0.00 | 0 | 2.88 | -4.95 |
| 2020 (7) | 2.81 | -8.47 | 14.70 | 0.55 | 8.02 | 4.16 | 0.38 | -13.36 | 6.55 | -5.62 | 5.21 | -4.93 | 15.60 | -4.35 | 9.36 | -10.09 | 1.76 | -2.76 | 7.11 | -7.78 | 72.15 | 5.19 | 122.22 | 10.0 | -22.22 | 0 | 0.00 | 0 | 3.03 | -4.11 |
| 2019 (6) | 3.07 | 4.42 | 14.62 | 1.53 | 7.70 | 16.14 | 0.44 | 187.67 | 6.94 | -1.42 | 5.48 | 0.18 | 16.31 | 0.06 | 10.41 | -0.1 | 1.81 | -1.09 | 7.71 | 2.8 | 68.59 | 15.01 | 111.11 | 18.18 | -11.11 | 0 | 0.00 | 0 | 3.16 | -5.95 |
| 2018 (5) | 2.94 | 40.0 | 14.40 | 16.04 | 6.63 | 17.14 | 0.15 | -12.44 | 7.04 | 61.1 | 5.47 | 53.22 | 16.30 | 32.95 | 10.42 | 36.93 | 1.83 | -8.5 | 7.50 | 53.06 | 59.64 | -9.95 | 94.02 | -27.45 | 5.98 | 0 | 0.00 | 0 | 3.36 | 20.43 |
| 2017 (4) | 2.10 | 66.67 | 12.41 | 24.97 | 5.66 | 50.93 | 0.17 | 4.48 | 4.37 | 47.64 | 3.57 | 73.3 | 12.26 | 63.9 | 7.61 | 62.26 | 2.00 | -5.66 | 4.90 | 44.97 | 66.23 | -13.65 | 129.60 | 2.99 | -29.60 | 0 | 0.00 | 0 | 2.79 | 9.41 |
| 2016 (3) | 1.26 | -10.64 | 9.93 | -18.87 | 3.75 | 6.23 | 0.17 | -28.92 | 2.96 | -29.19 | 2.06 | -36.42 | 7.48 | -10.31 | 4.69 | -14.57 | 2.12 | 30.86 | 3.38 | -26.68 | 76.70 | 17.12 | 125.84 | 49.33 | -26.97 | 0 | 0.00 | 0 | 2.55 | -28.77 |
| 2015 (2) | 1.41 | -7.24 | 12.24 | 11.88 | 3.53 | 17.67 | 0.24 | 32.53 | 4.18 | 0.97 | 3.24 | -1.22 | 8.34 | -6.71 | 5.49 | -11.59 | 1.62 | -7.95 | 4.61 | -1.07 | 65.49 | 23.61 | 84.27 | 16.97 | 15.73 | -43.73 | 0.00 | 0 | 3.58 | 9.15 |
| 2014 (1) | 1.52 | -34.76 | 10.94 | 0 | 3.00 | 0 | 0.18 | 32.1 | 4.14 | 0 | 3.28 | 0 | 8.94 | 0 | 6.21 | 0 | 1.76 | -20.72 | 4.66 | -10.04 | 52.98 | -6.21 | 72.04 | -21.1 | 27.96 | 221.51 | 0.00 | 0 | 3.28 | 32.79 |
