- 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) | 0.21 | -27.59 | -32.26 | 0.50 | -89.73 | -95.81 | -4.06 | -63.05 | -197.83 | 22.22 | -7.03 | -33.39 | 22.75 | -3.6 | -26.75 | 1.36 | -26.49 | -32.34 | 1.07 | -24.65 | -29.14 | 0.04 | -33.33 | -20.0 | 29.84 | -0.23 | -27.25 | 40.99 | -3.96 | 1.36 | -18.07 | -68.67 | -249.4 | 118.07 | 6.65 | 34.32 | 6.90 | 21.69 | -2.68 |
| 24Q2 (19) | 0.29 | 38.1 | 0.0 | 4.87 | 142.02 | -52.16 | -2.49 | 87.28 | -200.81 | 23.90 | -34.9 | -14.7 | 23.60 | -33.18 | -17.13 | 1.85 | 40.15 | 2.78 | 1.42 | 35.24 | 5.97 | 0.06 | 100.0 | 50.0 | 29.91 | -38.24 | -16.94 | 42.68 | 9.69 | -9.37 | -10.71 | 80.03 | -220.24 | 110.71 | -27.37 | 21.55 | 5.67 | -52.91 | -38.37 |
| 24Q1 (18) | 0.21 | 0.0 | 50.0 | -11.59 | -364.61 | -819.84 | -19.58 | -396.95 | -133.1 | 36.71 | 59.26 | 101.93 | 35.32 | 40.1 | 96.77 | 1.32 | -2.22 | 53.49 | 1.05 | -1.87 | 52.17 | 0.03 | -25.0 | 0.0 | 48.43 | 53.02 | 69.51 | 38.91 | -2.38 | -18.05 | -53.66 | -226.42 | -16.65 | 152.44 | 30.92 | 4.41 | 12.04 | 163.46 | 15.88 |
| 23Q4 (17) | 0.21 | -32.26 | -19.23 | 4.38 | -63.29 | -71.48 | -3.94 | -194.94 | -153.46 | 23.05 | -30.91 | 16.95 | 25.21 | -18.83 | 32.2 | 1.35 | -32.84 | -18.18 | 1.07 | -29.14 | -10.83 | 0.04 | -20.0 | -33.33 | 31.65 | -22.84 | 24.8 | 39.86 | -1.43 | -19.13 | -16.44 | -235.89 | -144.62 | 116.44 | 32.46 | 87.49 | 4.57 | -35.54 | -27.34 |
| 23Q3 (16) | 0.31 | 6.9 | 6.9 | 11.93 | 17.19 | 0.68 | 4.15 | 68.02 | 6.14 | 33.36 | 19.06 | 10.65 | 31.06 | 9.06 | 9.02 | 2.01 | 11.67 | 4.15 | 1.51 | 12.69 | 11.03 | 0.05 | 25.0 | 25.0 | 41.02 | 13.91 | 9.8 | 40.44 | -14.12 | -16.45 | 12.10 | 35.75 | -4.95 | 87.90 | -3.5 | 0.72 | 7.09 | -22.93 | 7.59 |
| 23Q2 (15) | 0.29 | 107.14 | -25.64 | 10.18 | 907.94 | -45.15 | 2.47 | 129.4 | -78.8 | 28.02 | 54.13 | 9.67 | 28.48 | 58.66 | 24.97 | 1.80 | 109.3 | -22.08 | 1.34 | 94.2 | -16.25 | 0.04 | 33.33 | -42.86 | 36.01 | 26.04 | 19.16 | 47.09 | -0.82 | -13.44 | 8.91 | 119.37 | -80.53 | 91.09 | -37.61 | 67.98 | 9.20 | -11.45 | 100.0 |
| 23Q1 (14) | 0.14 | -46.15 | -41.67 | -1.26 | -108.2 | -111.25 | -8.40 | -213.98 | -440.08 | 18.18 | -7.76 | -7.24 | 17.95 | -5.87 | -3.96 | 0.86 | -47.88 | -38.13 | 0.69 | -42.5 | -31.0 | 0.03 | -50.0 | -40.0 | 28.57 | 12.66 | 12.17 | 47.48 | -3.67 | -5.72 | -46.00 | -224.86 | -451.27 | 146.00 | 135.08 | 68.0 | 10.39 | 65.18 | 70.33 |
| 22Q4 (13) | 0.26 | -10.34 | -13.33 | 15.36 | 29.62 | 77.16 | 7.37 | 88.49 | 756.98 | 19.71 | -34.63 | -11.38 | 19.07 | -33.06 | -15.43 | 1.65 | -14.51 | -4.07 | 1.20 | -11.76 | -0.83 | 0.06 | 50.0 | 20.0 | 25.36 | -32.12 | -9.82 | 49.29 | 1.84 | -3.13 | 36.84 | 189.47 | 802.63 | 62.11 | -28.84 | -35.25 | 6.29 | -4.55 | 7.34 |
| 22Q3 (12) | 0.29 | -25.64 | -6.45 | 11.85 | -36.15 | -14.25 | 3.91 | -66.44 | -46.8 | 30.15 | 18.0 | 53.59 | 28.49 | 25.01 | 52.76 | 1.93 | -16.45 | 10.92 | 1.36 | -15.0 | 10.57 | 0.04 | -42.86 | -33.33 | 37.36 | 23.63 | 52.55 | 48.40 | -11.03 | -4.33 | 12.73 | -72.2 | -66.27 | 87.27 | 60.94 | 40.17 | 6.59 | 43.26 | 33.13 |
| 22Q2 (11) | 0.39 | 62.5 | 105.26 | 18.56 | 65.71 | 123.08 | 11.65 | 371.66 | 558.19 | 25.55 | 30.36 | 41.39 | 22.79 | 21.94 | 26.82 | 2.31 | 66.19 | 122.12 | 1.60 | 60.0 | 110.53 | 0.07 | 40.0 | 75.0 | 30.22 | 18.65 | 15.21 | 54.40 | 8.02 | 10.79 | 45.77 | 249.55 | 342.49 | 54.23 | -37.6 | -40.66 | 4.60 | -24.59 | -39.55 |
| 22Q1 (10) | 0.24 | -20.0 | -14.29 | 11.20 | 29.18 | -12.02 | 2.47 | 187.21 | -50.1 | 19.60 | -11.87 | -2.29 | 18.69 | -17.12 | -6.69 | 1.39 | -19.19 | -9.74 | 1.00 | -17.36 | -7.41 | 0.05 | 0.0 | 0.0 | 25.47 | -9.42 | -3.81 | 50.36 | -1.02 | -5.37 | 13.10 | 220.83 | -47.0 | 86.90 | -9.4 | 15.42 | 6.10 | 4.1 | -1.93 |
| 21Q4 (9) | 0.30 | -3.23 | 36.36 | 8.67 | -37.26 | -29.97 | 0.86 | -88.3 | -84.89 | 22.24 | 13.3 | 23.83 | 22.55 | 20.91 | 34.31 | 1.72 | -1.15 | 31.3 | 1.21 | -1.63 | 32.97 | 0.05 | -16.67 | 0.0 | 28.12 | 14.82 | 11.9 | 50.88 | 0.57 | -5.16 | 4.08 | -89.18 | -87.22 | 95.92 | 54.05 | 40.94 | 5.86 | 18.38 | -4.4 |
| 21Q3 (8) | 0.31 | 63.16 | 0.0 | 13.82 | 66.11 | -4.56 | 7.35 | 315.25 | 3.67 | 19.63 | 8.63 | -13.87 | 18.65 | 3.78 | -17.15 | 1.74 | 67.31 | -19.07 | 1.23 | 61.84 | -10.87 | 0.06 | 50.0 | 0.0 | 24.49 | -6.63 | -17.51 | 50.59 | 3.03 | -22.54 | 37.74 | 264.78 | 20.75 | 62.26 | -31.86 | -9.43 | 4.95 | -34.95 | -17.77 |
| 21Q2 (7) | 0.19 | -32.14 | 26.67 | 8.32 | -34.64 | 210.45 | 1.77 | -64.24 | 133.08 | 18.07 | -9.92 | 5.3 | 17.97 | -10.28 | 11.13 | 1.04 | -32.47 | -1.89 | 0.76 | -29.63 | 4.11 | 0.04 | -20.0 | 0.0 | 26.23 | -0.94 | -8.73 | 49.10 | -7.74 | -28.94 | 10.34 | -58.13 | 133.25 | 91.38 | 21.36 | -30.3 | 7.61 | 22.35 | 0 |
| 21Q1 (6) | 0.28 | 27.27 | 86.67 | 12.73 | 2.83 | 69.96 | 4.95 | -13.01 | 468.97 | 20.06 | 11.69 | 71.75 | 20.03 | 19.3 | 71.34 | 1.54 | 17.56 | 45.28 | 1.08 | 18.68 | 45.95 | 0.05 | 0.0 | 0.0 | 26.48 | 5.37 | 34.9 | 53.22 | -0.8 | -28.86 | 24.71 | -22.66 | 262.35 | 75.29 | 10.64 | -19.2 | 6.22 | 1.47 | 0 |
| 20Q4 (5) | 0.22 | -29.03 | -12.0 | 12.38 | -14.5 | 11.93 | 5.69 | -19.75 | 14.26 | 17.96 | -21.19 | 9.78 | 16.79 | -25.41 | 9.52 | 1.31 | -39.07 | -17.61 | 0.91 | -34.06 | -14.15 | 0.05 | -16.67 | -16.67 | 25.13 | -15.36 | 11.19 | 53.65 | -17.85 | -17.22 | 31.94 | 2.22 | 6.94 | 68.06 | -1.01 | -1.13 | 6.13 | 1.83 | 12.68 |
| 20Q3 (4) | 0.31 | 106.67 | 0.0 | 14.48 | 440.3 | 0.0 | 7.09 | 232.52 | 0.0 | 22.79 | 32.81 | 0.0 | 22.51 | 39.21 | 0.0 | 2.15 | 102.83 | 0.0 | 1.38 | 89.04 | 0.0 | 0.06 | 50.0 | 0.0 | 29.69 | 3.31 | 0.0 | 65.31 | -5.48 | 0.0 | 31.25 | 200.45 | 0.0 | 68.75 | -47.56 | 0.0 | 6.02 | 0 | 0.0 |
| 20Q2 (3) | 0.15 | 0.0 | 0.0 | 2.68 | -64.22 | 0.0 | -5.35 | -714.94 | 0.0 | 17.16 | 46.92 | 0.0 | 16.17 | 38.32 | 0.0 | 1.06 | 0.0 | 0.0 | 0.73 | -1.35 | 0.0 | 0.04 | -20.0 | 0.0 | 28.74 | 46.41 | 0.0 | 69.10 | -7.63 | 0.0 | -31.11 | -556.3 | 0.0 | 131.11 | 40.7 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | -40.0 | 0.0 | 7.49 | -32.28 | 0.0 | 0.87 | -82.53 | 0.0 | 11.68 | -28.61 | 0.0 | 11.69 | -23.74 | 0.0 | 1.06 | -33.33 | 0.0 | 0.74 | -30.19 | 0.0 | 0.05 | -16.67 | 0.0 | 19.63 | -13.14 | 0.0 | 74.81 | 15.43 | 0.0 | 6.82 | -77.17 | 0.0 | 93.18 | 35.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.25 | 0.0 | 0.0 | 11.06 | 0.0 | 0.0 | 4.98 | 0.0 | 0.0 | 16.36 | 0.0 | 0.0 | 15.33 | 0.0 | 0.0 | 1.59 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 22.60 | 0.0 | 0.0 | 64.81 | 0.0 | 0.0 | 29.87 | 0.0 | 0.0 | 68.83 | 0.0 | 0.0 | 5.44 | 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) | 0.92 | -19.3 | 6.93 | -52.73 | -0.83 | 0 | 5.14 | 38.25 | 26.31 | 11.77 | 26.25 | 19.37 | 5.94 | -15.02 | 4.54 | -9.02 | 0.16 | -23.81 | 34.85 | 19.35 | 39.86 | -19.13 | -3.16 | 0 | 103.16 | 45.44 | 0.00 | 0 | 7.75 | 33.85 |
| 2022 (9) | 1.14 | 8.57 | 14.66 | 30.78 | 6.84 | 68.47 | 3.72 | -13.18 | 23.54 | 17.06 | 21.99 | 10.78 | 6.99 | 16.69 | 4.99 | 18.25 | 0.21 | 5.0 | 29.20 | 11.37 | 49.29 | -3.13 | 29.07 | 44.1 | 70.93 | -11.15 | 0.00 | 0 | 5.79 | -3.34 |
| 2021 (8) | 1.05 | 28.05 | 11.21 | 12.32 | 4.06 | 41.46 | 4.28 | -22.92 | 20.11 | 14.39 | 19.85 | 16.7 | 5.99 | 23.25 | 4.22 | 23.39 | 0.20 | 11.11 | 26.22 | 2.5 | 50.88 | -5.16 | 20.17 | 22.96 | 79.83 | -4.51 | 0.00 | 0 | 5.99 | -12.3 |
| 2020 (7) | 0.82 | -18.81 | 9.98 | 14.71 | 2.87 | 1.41 | 5.56 | 20.32 | 17.58 | 0.98 | 17.01 | 0.29 | 4.86 | -23.1 | 3.42 | -20.47 | 0.18 | -21.74 | 25.58 | 5.7 | 53.65 | -17.22 | 16.41 | 1.86 | 83.59 | -0.36 | 0.00 | 0 | 6.83 | 12.34 |
| 2019 (6) | 1.01 | 9.78 | 8.70 | 73.65 | 2.83 | 0 | 4.62 | 14.32 | 17.41 | 31.4 | 16.96 | 27.42 | 6.32 | 13.26 | 4.30 | 11.98 | 0.23 | -11.54 | 24.20 | 25.19 | 64.81 | 10.37 | 16.11 | 0 | 83.89 | -16.78 | 0.00 | 0 | 6.08 | 13.86 |
| 2018 (5) | 0.92 | 48.39 | 5.01 | 14.91 | -0.14 | 0 | 4.04 | -19.6 | 13.25 | 26.55 | 13.31 | 32.44 | 5.58 | 46.46 | 3.84 | 44.36 | 0.26 | 18.18 | 19.33 | 8.29 | 58.72 | -11.03 | -1.22 | 0 | 100.81 | -7.39 | 0.00 | 0 | 5.34 | -14.01 |
| 2017 (4) | 0.62 | -42.06 | 4.36 | -45.77 | -0.92 | 0 | 5.02 | 8.62 | 10.47 | -28.09 | 10.05 | -29.77 | 3.81 | -42.27 | 2.66 | -37.26 | 0.22 | -15.38 | 17.85 | -17.44 | 66.00 | -11.24 | -8.86 | 0 | 108.86 | 39.39 | 0.00 | 0 | 6.21 | 10.3 |
| 2016 (3) | 1.07 | 13.83 | 8.04 | -49.18 | 3.18 | -73.76 | 4.62 | 23.95 | 14.56 | 52.94 | 14.31 | 53.71 | 6.60 | 17.65 | 4.24 | 13.67 | 0.26 | -23.53 | 21.62 | 42.71 | 74.36 | -6.03 | 21.90 | -82.76 | 78.10 | 0 | 0.00 | 0 | 5.63 | 34.69 |
| 2015 (2) | 0.94 | 394.74 | 15.82 | -63.51 | 12.12 | -38.73 | 3.73 | 111.18 | 9.52 | -61.29 | 9.31 | -57.68 | 5.61 | -44.95 | 3.73 | 360.49 | 0.34 | 1033.33 | 15.15 | -47.67 | 79.13 | 8.2 | 127.05 | 57.93 | -27.05 | 0 | 0.00 | 0 | 4.18 | -72.43 |
| 2014 (1) | 0.19 | -44.12 | 43.36 | 0 | 19.78 | 0 | 1.77 | 2.61 | 24.59 | 0 | 22.00 | 0 | 10.19 | 0 | 0.81 | 0 | 0.03 | 0.0 | 28.95 | 2.44 | 73.13 | -94.81 | 80.45 | 0.33 | 19.55 | -1.35 | 0.00 | 0 | 15.16 | -10.61 |
