- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.20 | -52.38 | 190.91 | 56.23 | -3.25 | 2.42 | -2.12 | -125.21 | 29.57 | 4.28 | 0.23 | 213.23 | 3.11 | -54.47 | 180.99 | 0.55 | -56.0 | 174.32 | 0.46 | -52.58 | 200.0 | 0.13 | 0.0 | 0.0 | 11.15 | -1.85 | 217.66 | 31.39 | -6.13 | -24.98 | -52.00 | -126.0 | -165.0 | 152.00 | 252.0 | 660.0 | 46.34 | 26.89 | 6.5 |
| 23Q4 (19) | 0.42 | -37.31 | 110.0 | 58.12 | 0.07 | 7.99 | 8.41 | 18.95 | 1902.38 | 4.27 | -62.64 | 95.87 | 6.83 | -27.19 | 128.43 | 1.25 | -41.31 | 83.82 | 0.97 | -37.01 | 90.2 | 0.13 | -18.75 | -13.33 | 11.36 | -35.53 | 32.71 | 33.44 | -14.43 | -24.87 | 200.00 | 223.4 | 833.33 | -100.00 | -362.07 | -227.27 | 36.52 | -11.45 | -2.79 |
| 23Q3 (18) | 0.67 | -63.19 | -36.19 | 58.08 | 3.0 | 16.72 | 7.07 | 84.11 | -26.28 | 11.43 | -54.86 | -19.28 | 9.38 | -60.9 | -23.3 | 2.13 | -64.5 | -40.34 | 1.54 | -63.33 | -33.04 | 0.16 | -5.88 | -11.11 | 17.62 | -43.2 | -9.03 | 39.08 | -17.97 | -18.97 | 61.84 | 309.99 | -8.05 | 38.16 | -55.06 | 19.77 | 41.24 | 1.55 | 32.31 |
| 23Q2 (17) | 1.82 | 927.27 | 25.52 | 56.39 | 2.71 | 6.92 | 3.84 | 227.57 | -76.85 | 25.32 | 769.84 | 58.25 | 23.99 | 724.74 | 61.22 | 6.00 | 910.81 | 25.79 | 4.20 | 1013.04 | 34.62 | 0.17 | 30.77 | -19.05 | 31.02 | 783.76 | 53.26 | 47.64 | 13.86 | -31.2 | 15.08 | -81.15 | -85.52 | 84.92 | 324.58 | 2562.57 | 40.61 | -6.67 | 45.35 |
| 23Q1 (16) | -0.22 | -210.0 | -125.0 | 54.90 | 2.01 | 2.62 | -3.01 | -816.67 | -132.79 | -3.78 | -273.39 | -131.29 | -3.84 | -228.43 | -131.79 | -0.74 | -208.82 | -127.11 | -0.46 | -190.2 | -123.59 | 0.13 | -13.33 | -18.75 | 3.51 | -59.0 | -80.09 | 41.84 | -6.0 | 0.17 | 80.00 | 273.33 | 5.81 | 20.00 | -74.55 | -18.0 | 43.51 | 15.81 | 25.64 |
| 22Q4 (15) | 0.20 | -80.95 | -75.61 | 53.82 | 8.16 | -8.05 | 0.42 | -95.62 | -97.76 | 2.18 | -84.6 | -86.97 | 2.99 | -75.55 | -71.0 | 0.68 | -80.95 | -74.05 | 0.51 | -77.83 | -71.98 | 0.15 | -16.67 | -11.76 | 8.56 | -55.81 | -60.3 | 44.51 | -7.71 | 2.98 | 21.43 | -68.14 | -80.88 | 78.57 | 146.63 | 749.52 | 37.57 | 20.53 | 52.35 |
| 22Q3 (14) | 1.05 | -27.59 | -44.74 | 49.76 | -5.65 | 7.03 | 9.59 | -42.19 | -29.8 | 14.16 | -11.5 | -31.73 | 12.23 | -17.81 | -36.1 | 3.57 | -25.16 | -36.02 | 2.30 | -26.28 | -41.03 | 0.18 | -14.29 | -10.0 | 19.37 | -4.3 | -20.91 | 48.23 | -30.34 | -6.19 | 67.26 | -35.42 | 1.95 | 31.86 | 1023.89 | -6.39 | 31.17 | 11.56 | 15.96 |
| 22Q2 (13) | 1.45 | 64.77 | -31.28 | 52.74 | -1.42 | 1.09 | 16.59 | 80.72 | -27.04 | 16.00 | 32.45 | -30.4 | 14.88 | 23.18 | -22.34 | 4.77 | 74.73 | -16.32 | 3.12 | 60.0 | -23.34 | 0.21 | 31.25 | 0.0 | 20.24 | 14.8 | -22.81 | 69.24 | 65.76 | 82.02 | 104.14 | 37.73 | 5.48 | -3.45 | -114.14 | -370.11 | 27.94 | -19.32 | 11.67 |
| 22Q1 (12) | 0.88 | 7.32 | -59.82 | 53.50 | -8.59 | -2.21 | 9.18 | -50.94 | -62.3 | 12.08 | -27.79 | -48.57 | 12.08 | 17.17 | -40.64 | 2.73 | 4.2 | -55.75 | 1.95 | 7.14 | -54.44 | 0.16 | -5.88 | -23.81 | 17.63 | -18.23 | -33.22 | 41.77 | -3.35 | -4.2 | 75.61 | -32.55 | -27.18 | 24.39 | 301.63 | 736.86 | 34.63 | 40.43 | 39.02 |
| 21Q4 (11) | 0.82 | -56.84 | -68.46 | 58.53 | 25.9 | 13.72 | 18.71 | 36.97 | -21.72 | 16.73 | -19.33 | -29.14 | 10.31 | -46.13 | -45.79 | 2.62 | -53.05 | -66.67 | 1.82 | -53.33 | -64.59 | 0.17 | -15.0 | -37.04 | 21.56 | -11.96 | -16.63 | 43.22 | -15.93 | -6.55 | 112.10 | 69.92 | 10.62 | -12.10 | -135.55 | -807.26 | 24.66 | -8.26 | 24.36 |
| 21Q3 (10) | 1.90 | -9.95 | -62.3 | 46.49 | -10.89 | -14.67 | 13.66 | -39.93 | -59.8 | 20.74 | -9.79 | -39.16 | 19.14 | -0.1 | -31.18 | 5.58 | -2.11 | -67.54 | 3.90 | -4.18 | -66.44 | 0.20 | -4.76 | -52.38 | 24.49 | -6.6 | -31.57 | 51.41 | 35.15 | -16.88 | 65.97 | -33.18 | -33.92 | 34.03 | 2565.79 | 9667.02 | 26.88 | 7.43 | 52.81 |
| 21Q2 (9) | 2.11 | -3.65 | 181.33 | 52.17 | -4.64 | 0.68 | 22.74 | -6.61 | 85.03 | 22.99 | -2.13 | 86.3 | 19.16 | -5.85 | 75.3 | 5.70 | -7.62 | 103.57 | 4.07 | -4.91 | 80.89 | 0.21 | 0.0 | 5.0 | 26.22 | -0.68 | 54.42 | 38.04 | -12.75 | 18.14 | 98.72 | -4.92 | -0.01 | 1.28 | 133.33 | 0 | 25.02 | 0.44 | -16.46 |
| 21Q1 (8) | 2.19 | -15.77 | 2333.33 | 54.71 | 6.29 | 4.91 | 24.35 | 1.88 | 2113.64 | 23.49 | -0.51 | 1306.59 | 20.35 | 6.99 | 1097.06 | 6.17 | -21.5 | 1769.7 | 4.28 | -16.73 | 1326.67 | 0.21 | -22.22 | 31.25 | 26.40 | 2.09 | 247.83 | 43.60 | -5.73 | 120.98 | 103.83 | 2.46 | 66.13 | -3.83 | -187.23 | -110.21 | 24.91 | 25.62 | -32.36 |
| 20Q4 (7) | 2.60 | -48.41 | 356.14 | 51.47 | -5.52 | -5.21 | 23.90 | -29.66 | 171.28 | 23.61 | -30.74 | 165.28 | 19.02 | -31.61 | 96.49 | 7.86 | -54.28 | 263.89 | 5.14 | -55.77 | 190.4 | 0.27 | -35.71 | 50.0 | 25.86 | -27.75 | 83.01 | 46.25 | -25.22 | 88.7 | 101.33 | 1.51 | 3.44 | -1.33 | -482.67 | -165.33 | 19.83 | 12.73 | -38.32 |
| 20Q3 (6) | 5.04 | 572.0 | 1300.0 | 54.48 | 5.13 | 10.71 | 33.98 | 176.48 | 436.81 | 34.09 | 176.26 | 416.52 | 27.81 | 154.44 | 374.57 | 17.19 | 513.93 | 1145.65 | 11.62 | 416.44 | 910.43 | 0.42 | 110.0 | 121.05 | 35.79 | 110.78 | 211.76 | 61.85 | 92.08 | 161.63 | 99.83 | 1.11 | 2.6 | 0.35 | 0 | -93.55 | 17.59 | -41.27 | -42.59 |
| 20Q2 (5) | 0.75 | 733.33 | 53.06 | 51.82 | -0.63 | 1.93 | 12.29 | 1017.27 | 72.37 | 12.34 | 638.92 | 35.01 | 10.93 | 542.94 | 35.95 | 2.80 | 748.48 | 45.83 | 2.25 | 650.0 | 40.62 | 0.20 | 25.0 | 5.26 | 16.98 | 123.72 | 21.63 | 32.20 | 63.2 | 33.28 | 98.73 | 57.97 | 28.35 | 0.00 | -100.0 | -100.0 | 29.95 | -18.68 | 0.77 |
| 20Q1 (4) | 0.09 | -84.21 | 0.0 | 52.15 | -3.96 | 0.0 | 1.10 | -87.51 | 0.0 | 1.67 | -81.24 | 0.0 | 1.70 | -82.44 | 0.0 | 0.33 | -84.72 | 0.0 | 0.30 | -83.05 | 0.0 | 0.16 | -11.11 | 0.0 | 7.59 | -46.28 | 0.0 | 19.73 | -19.5 | 0.0 | 62.50 | -36.2 | 0.0 | 37.50 | 1737.5 | 0.0 | 36.83 | 14.56 | 0.0 |
| 19Q4 (3) | 0.57 | 58.33 | 0.0 | 54.30 | 10.34 | 0.0 | 8.81 | 39.18 | 0.0 | 8.90 | 34.85 | 0.0 | 9.68 | 65.19 | 0.0 | 2.16 | 56.52 | 0.0 | 1.77 | 53.91 | 0.0 | 0.18 | -5.26 | 0.0 | 14.13 | 23.08 | 0.0 | 24.51 | 3.68 | 0.0 | 97.96 | 0.68 | 0.0 | 2.04 | -62.24 | 0.0 | 32.15 | 4.93 | 0.0 |
| 19Q3 (2) | 0.36 | -26.53 | 0.0 | 49.21 | -3.21 | 0.0 | 6.33 | -11.22 | 0.0 | 6.60 | -27.79 | 0.0 | 5.86 | -27.11 | 0.0 | 1.38 | -28.13 | 0.0 | 1.15 | -28.13 | 0.0 | 0.19 | 0.0 | 0.0 | 11.48 | -17.77 | 0.0 | 23.64 | -2.15 | 0.0 | 97.30 | 26.49 | 0.0 | 5.41 | -74.45 | 0.0 | 30.64 | 3.1 | 0.0 |
| 19Q2 (1) | 0.49 | 0.0 | 0.0 | 50.84 | 0.0 | 0.0 | 7.13 | 0.0 | 0.0 | 9.14 | 0.0 | 0.0 | 8.04 | 0.0 | 0.0 | 1.92 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 13.96 | 0.0 | 0.0 | 24.16 | 0.0 | 0.0 | 76.92 | 0.0 | 0.0 | 21.15 | 0.0 | 0.0 | 29.72 | 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) | 2.69 | -24.86 | 56.91 | 8.71 | 4.26 | -56.04 | 5.59 | 22.9 | 10.41 | -11.33 | 10.06 | -9.04 | 8.27 | -28.02 | 6.17 | -24.39 | 0.59 | -18.06 | 16.94 | -0.24 | 33.44 | -24.87 | 40.93 | -50.52 | 59.07 | 236.34 | 0.37 | -24.28 | 40.47 | 25.26 |
| 2022 (9) | 3.58 | -49.0 | 52.35 | -0.7 | 9.69 | -51.77 | 4.55 | 39.84 | 11.74 | -44.88 | 11.06 | -37.48 | 11.49 | -45.65 | 8.16 | -44.53 | 0.72 | -13.25 | 16.98 | -31.81 | 44.51 | 2.98 | 82.72 | -12.37 | 17.56 | 206.39 | 0.49 | -16.37 | 32.31 | 27.3 |
| 2021 (8) | 7.02 | -17.22 | 52.72 | -0.25 | 20.09 | -14.87 | 3.25 | 24.91 | 21.30 | -9.86 | 17.69 | -8.67 | 21.14 | -24.07 | 14.71 | -28.07 | 0.83 | -20.95 | 24.90 | -5.86 | 43.22 | -6.55 | 94.39 | -5.51 | 5.73 | 5408.92 | 0.59 | 243.4 | 25.38 | 12.95 |
| 2020 (7) | 8.48 | 973.42 | 52.85 | 8.88 | 23.60 | 656.41 | 2.61 | -45.84 | 23.63 | 535.22 | 19.37 | 466.37 | 27.84 | 834.23 | 20.45 | 692.64 | 1.05 | 45.83 | 26.45 | 198.2 | 46.25 | 88.7 | 99.90 | 19.28 | 0.10 | -99.36 | 0.17 | -12.63 | 22.47 | -30.09 |
| 2019 (6) | 0.79 | 58.0 | 48.54 | 4.19 | 3.12 | 22.35 | 4.81 | 23.79 | 3.72 | 11.38 | 3.42 | 56.88 | 2.98 | 57.67 | 2.58 | 60.25 | 0.72 | -2.7 | 8.87 | 21.51 | 24.51 | 27.32 | 83.75 | 10.12 | 16.25 | -32.13 | 0.20 | 90.67 | 32.14 | 3.64 |
| 2018 (5) | 0.50 | 6.38 | 46.59 | -9.32 | 2.55 | -6.25 | 3.89 | -12.72 | 3.34 | 0.6 | 2.18 | -3.54 | 1.89 | 5.0 | 1.61 | 4.55 | 0.74 | 8.82 | 7.30 | -6.77 | 19.25 | 27.06 | 76.06 | -6.72 | 23.94 | 29.69 | 0.10 | 0 | 31.01 | -12.0 |
| 2017 (4) | 0.47 | -65.44 | 51.38 | -0.77 | 2.72 | -62.27 | 4.45 | -0.53 | 3.32 | -56.6 | 2.26 | -66.02 | 1.80 | -65.45 | 1.54 | -65.7 | 0.68 | 0.0 | 7.83 | -35.92 | 15.15 | -17.26 | 81.54 | -13.7 | 18.46 | 234.62 | 0.00 | 0 | 35.24 | 0.37 |
| 2016 (3) | 1.36 | 0 | 51.78 | 12.08 | 7.21 | 0 | 4.48 | -15.58 | 7.65 | 0 | 6.65 | 0 | 5.21 | 0 | 4.49 | 0 | 0.68 | 17.24 | 12.22 | 204.74 | 18.31 | 36.95 | 94.48 | -40.08 | 5.52 | 0 | 0.00 | 0 | 35.11 | -3.81 |
| 2015 (2) | -0.28 | 0 | 46.20 | -6.38 | -2.53 | 0 | 5.30 | 10.02 | -1.57 | 0 | -1.63 | 0 | -1.08 | 0 | -0.94 | 0 | 0.58 | -7.94 | 4.01 | -45.37 | 13.37 | -18.77 | 157.69 | 116.1 | -57.69 | 0 | 0.00 | 0 | 36.50 | 1.0 |
| 2014 (1) | 0.22 | 0 | 49.35 | 0 | 1.48 | 0 | 4.82 | -11.7 | 2.03 | 0 | 1.15 | 0 | 0.84 | 0 | 0.73 | 0 | 0.63 | 14.55 | 7.34 | 1.66 | 16.46 | 4.77 | 72.97 | 0 | 27.03 | -82.51 | 0.00 | 0 | 36.14 | -10.26 |
