- 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) | -0.88 | -49.15 | -417.65 | 36.51 | -15.62 | -3.26 | -12.91 | -18.33 | -692.02 | -14.66 | -31.24 | -377.52 | -10.92 | -45.41 | -347.54 | -2.85 | -52.41 | -437.74 | -0.73 | -65.91 | -7200.0 | 0.09 | 0.0 | 12.5 | -0.61 | -172.62 | -106.17 | 200.26 | 7.56 | 25.85 | 87.50 | -10.82 | 62.5 | 12.50 | 562.5 | -72.92 | 45.65 | -3.3 | 6.04 |
| 24Q2 (19) | -0.59 | -637.5 | -447.06 | 43.27 | 0.35 | 7.42 | -10.91 | -1374.32 | -315.61 | -11.17 | -298.93 | -305.71 | -7.51 | -608.49 | -399.2 | -1.87 | -648.0 | -440.0 | -0.44 | -466.67 | -210.0 | 0.09 | 0.0 | 0.0 | 0.84 | -90.86 | -95.29 | 186.19 | 4.55 | 19.9 | 98.11 | 325.16 | 2.57 | 1.89 | -97.55 | -78.3 | 47.21 | 12.51 | 16.34 |
| 24Q1 (18) | -0.08 | -142.11 | 11.11 | 43.12 | 0.12 | 3.55 | -0.74 | 82.59 | 56.73 | -2.80 | 48.05 | 25.33 | -1.06 | -145.89 | 13.82 | -0.25 | -143.86 | 0.0 | 0.12 | -72.73 | 100.0 | 0.09 | 0.0 | 12.5 | 9.19 | 55.24 | 15.6 | 178.08 | 7.32 | 15.83 | 23.08 | -71.43 | -47.25 | 76.92 | 233.33 | 53.85 | 41.96 | 8.54 | -0.97 |
| 23Q4 (17) | 0.19 | 211.76 | -58.7 | 43.07 | 14.12 | -15.38 | -4.25 | -160.74 | -156.14 | -5.39 | -75.57 | -249.72 | 2.31 | 194.67 | -50.96 | 0.57 | 207.55 | -58.09 | 0.44 | 4500.0 | -38.89 | 0.09 | 12.5 | -25.0 | 5.92 | -40.08 | -49.53 | 165.93 | 4.27 | 18.94 | 80.77 | 50.0 | -62.31 | 23.08 | -50.0 | 120.19 | 38.66 | -10.2 | 13.91 |
| 23Q3 (16) | -0.17 | -200.0 | -200.0 | 37.74 | -6.31 | -10.8 | -1.63 | -132.21 | -141.27 | -3.07 | -156.54 | -270.56 | -2.44 | -197.21 | -233.33 | -0.53 | -196.36 | -203.92 | -0.01 | -102.5 | -102.86 | 0.08 | -11.11 | -27.27 | 9.88 | -44.62 | -3.8 | 159.13 | 2.47 | 12.83 | 53.85 | -43.71 | -75.52 | 46.15 | 430.77 | 138.46 | 43.05 | 6.09 | 41.8 |
| 23Q2 (15) | 0.17 | 288.89 | -73.85 | 40.28 | -3.27 | -8.79 | 5.06 | 395.91 | -43.84 | 5.43 | 244.8 | -33.62 | 2.51 | 304.07 | -63.41 | 0.55 | 320.0 | -71.94 | 0.40 | 566.67 | -56.52 | 0.09 | 12.5 | -25.0 | 17.84 | 124.4 | 11.08 | 155.29 | 1.01 | 6.96 | 95.65 | 118.63 | -13.55 | 8.70 | -82.61 | 181.74 | 40.58 | -4.22 | 10.87 |
| 23Q1 (14) | -0.09 | -119.57 | -139.13 | 41.64 | -18.19 | -4.84 | -1.71 | -122.59 | -166.28 | -3.75 | -204.17 | -324.55 | -1.23 | -126.11 | -141.69 | -0.25 | -118.38 | -136.23 | 0.06 | -91.67 | -84.62 | 0.08 | -33.33 | -20.0 | 7.95 | -32.23 | -25.77 | 153.74 | 10.2 | 8.15 | 43.75 | -79.58 | -70.83 | 50.00 | 143.75 | 200.0 | 42.37 | 24.84 | 22.7 |
| 22Q4 (13) | 0.46 | 170.59 | -13.21 | 50.90 | 20.3 | 23.48 | 7.57 | 91.65 | 27.01 | 3.60 | 100.0 | -36.95 | 4.71 | 157.38 | -28.53 | 1.36 | 166.67 | -11.69 | 0.72 | 105.71 | -7.69 | 0.12 | 9.09 | 20.0 | 11.73 | 14.22 | -18.77 | 139.51 | -1.08 | 16.42 | 214.29 | -2.6 | 106.63 | -114.29 | 4.76 | -2985.71 | 33.94 | 11.79 | -8.47 |
| 22Q3 (12) | 0.17 | -73.85 | -66.67 | 42.31 | -4.19 | -5.62 | 3.95 | -56.16 | -39.79 | 1.80 | -78.0 | -69.54 | 1.83 | -73.32 | -71.27 | 0.51 | -73.98 | -67.52 | 0.35 | -61.96 | -55.13 | 0.11 | -8.33 | 0.0 | 10.27 | -36.05 | -30.23 | 141.03 | -2.86 | 12.81 | 220.00 | 98.85 | 93.33 | -120.00 | -1028.0 | -1060.0 | 30.36 | -17.05 | -29.82 |
| 22Q2 (11) | 0.65 | 182.61 | 195.45 | 44.16 | 0.91 | 13.7 | 9.01 | 249.22 | 750.0 | 8.18 | 389.82 | 282.24 | 6.86 | 132.54 | 106.01 | 1.96 | 184.06 | 192.54 | 0.92 | 135.9 | 135.9 | 0.12 | 20.0 | 33.33 | 16.06 | 49.95 | 27.56 | 145.18 | 2.12 | 16.88 | 110.64 | -26.24 | 148.94 | -10.64 | 78.72 | -123.94 | 36.60 | 5.99 | -8.27 |
| 22Q1 (10) | 0.23 | -56.6 | 15.0 | 43.76 | 6.16 | -0.36 | 2.58 | -56.71 | 20.56 | 1.67 | -70.75 | -16.08 | 2.95 | -55.24 | 9.67 | 0.69 | -55.19 | 15.0 | 0.39 | -50.0 | 5.41 | 0.10 | 0.0 | 0.0 | 10.71 | -25.83 | -7.99 | 142.16 | 18.63 | 23.51 | 150.00 | 44.64 | 35.0 | -50.00 | -1250.0 | -350.0 | 34.53 | -6.88 | -9.51 |
| 21Q4 (9) | 0.53 | 3.92 | -30.26 | 41.22 | -8.05 | -12.63 | 5.96 | -9.15 | -31.89 | 5.71 | -3.38 | -38.6 | 6.59 | 3.45 | -26.45 | 1.54 | -1.91 | -30.94 | 0.78 | 0.0 | -29.09 | 0.10 | -9.09 | -9.09 | 14.44 | -1.9 | -20.44 | 119.83 | -4.14 | 2.78 | 103.70 | -8.87 | 10.77 | -3.70 | 64.2 | -158.02 | 37.08 | -14.29 | 24.97 |
| 21Q3 (8) | 0.51 | 131.82 | -25.0 | 44.83 | 15.42 | -4.45 | 6.56 | 518.87 | 142.07 | 5.91 | 176.17 | 93.77 | 6.37 | 91.29 | -29.77 | 1.57 | 134.33 | -23.41 | 0.78 | 100.0 | -22.0 | 0.11 | 22.22 | 10.0 | 14.72 | 16.92 | 13.93 | 125.01 | 0.64 | 1.28 | 113.79 | 156.03 | 32.76 | -10.34 | -123.28 | -172.41 | 43.26 | 8.42 | 13.34 |
| 21Q2 (7) | 0.22 | 10.0 | 184.62 | 38.84 | -11.57 | -6.16 | 1.06 | -50.47 | 114.3 | 2.14 | 7.54 | 141.15 | 3.33 | 23.79 | 181.82 | 0.67 | 11.67 | 193.06 | 0.39 | 5.41 | 262.5 | 0.09 | -10.0 | 12.5 | 12.59 | 8.16 | 61.41 | 124.21 | 7.91 | -1.26 | 44.44 | -60.0 | -68.72 | 44.44 | 500.0 | 205.56 | 39.90 | 4.56 | 0 |
| 21Q1 (6) | 0.20 | -73.68 | 242.86 | 43.92 | -6.91 | 3.05 | 2.14 | -75.54 | 186.29 | 1.99 | -78.6 | 163.58 | 2.69 | -69.98 | 219.03 | 0.60 | -73.09 | 253.85 | 0.37 | -66.36 | 628.57 | 0.10 | -9.09 | 25.0 | 11.64 | -35.87 | 5.34 | 115.10 | -1.28 | 8.18 | 111.11 | 18.69 | 35.8 | -11.11 | -274.07 | -161.11 | 38.16 | 28.61 | -21.32 |
| 20Q4 (5) | 0.76 | 11.76 | -20.83 | 47.18 | 0.55 | 5.05 | 8.75 | 222.88 | -16.59 | 9.30 | 204.92 | 0.43 | 8.96 | -1.21 | 21.57 | 2.23 | 8.78 | -19.49 | 1.10 | 10.0 | -20.86 | 0.11 | 10.0 | -35.29 | 18.15 | 40.48 | 13.58 | 116.59 | -5.54 | 1.23 | 93.62 | 9.22 | -17.05 | 6.38 | -55.32 | 149.65 | 29.67 | -22.27 | 23.73 |
| 20Q3 (4) | 0.68 | 361.54 | 0.0 | 46.92 | 13.36 | 0.0 | 2.71 | 136.57 | 0.0 | 3.05 | 158.65 | 0.0 | 9.07 | 322.85 | 0.0 | 2.05 | 384.72 | 0.0 | 1.00 | 516.67 | 0.0 | 0.10 | 25.0 | 0.0 | 12.92 | 65.64 | 0.0 | 123.43 | -1.88 | 0.0 | 85.71 | -39.68 | 0.0 | 14.29 | 133.93 | 0.0 | 38.17 | 0 | 0.0 |
| 20Q2 (3) | -0.26 | -85.71 | 0.0 | 41.39 | -2.89 | 0.0 | -7.41 | -198.79 | 0.0 | -5.20 | -66.13 | 0.0 | -4.07 | -80.09 | 0.0 | -0.72 | -84.62 | 0.0 | -0.24 | -242.86 | 0.0 | 0.08 | 0.0 | 0.0 | 7.80 | -29.41 | 0.0 | 125.79 | 18.22 | 0.0 | 142.11 | 73.68 | 0.0 | -42.11 | -331.58 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.14 | -114.58 | 0.0 | 42.62 | -5.1 | 0.0 | -2.48 | -123.64 | 0.0 | -3.13 | -133.8 | 0.0 | -2.26 | -130.66 | 0.0 | -0.39 | -114.08 | 0.0 | -0.07 | -105.04 | 0.0 | 0.08 | -52.94 | 0.0 | 11.05 | -30.85 | 0.0 | 106.40 | -7.61 | 0.0 | 81.82 | -27.5 | 0.0 | 18.18 | 241.41 | 0.0 | 48.50 | 102.25 | 0.0 |
| 19Q4 (1) | 0.96 | 0.0 | 0.0 | 44.91 | 0.0 | 0.0 | 10.49 | 0.0 | 0.0 | 9.26 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | 2.77 | 0.0 | 0.0 | 1.39 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 15.98 | 0.0 | 0.0 | 115.17 | 0.0 | 0.0 | 112.86 | 0.0 | 0.0 | -12.86 | 0.0 | 0.0 | 23.98 | 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) | 0.10 | -93.33 | 40.76 | -10.26 | -0.76 | 0 | 8.60 | 33.89 | -1.82 | 0 | 0.37 | -91.08 | 0.32 | -92.76 | 0.88 | -63.93 | 0.34 | -26.09 | 10.25 | -16.05 | 165.93 | 18.94 | 40.62 | -73.33 | 59.38 | 0 | 12.15 | 19.4 | 41.07 | 21.37 |
| 2022 (9) | 1.50 | 3.45 | 45.42 | 7.3 | 5.94 | 45.95 | 6.42 | -17.49 | 3.91 | -2.98 | 4.15 | -14.08 | 4.42 | 2.55 | 2.44 | 5.63 | 0.46 | 12.2 | 12.21 | -8.95 | 139.51 | 16.42 | 152.33 | 52.33 | -52.33 | 0 | 10.17 | 35.78 | 33.84 | -14.63 |
| 2021 (8) | 1.45 | 36.79 | 42.33 | -5.72 | 4.07 | 220.47 | 7.78 | -15.09 | 4.03 | 116.67 | 4.83 | 26.77 | 4.31 | 39.48 | 2.31 | 26.92 | 0.41 | 7.89 | 13.41 | 3.63 | 119.83 | 2.78 | 100.00 | 47.62 | -1.33 | 0 | 7.49 | 63.15 | 39.64 | 0.43 |
| 2020 (7) | 1.06 | -42.7 | 44.90 | 2.86 | 1.27 | -82.34 | 9.17 | 28.52 | 1.86 | -69.95 | 3.81 | -22.4 | 3.09 | -41.48 | 1.82 | -38.1 | 0.38 | -20.83 | 12.94 | -15.04 | 116.59 | 1.23 | 67.74 | -41.38 | 32.26 | 0 | 4.59 | 304.56 | 39.47 | 31.87 |
| 2019 (6) | 1.85 | -17.04 | 43.65 | -4.44 | 7.19 | -39.98 | 7.13 | 4.5 | 6.19 | -23.3 | 4.91 | -22.92 | 5.28 | -15.92 | 2.94 | -12.76 | 0.48 | 6.67 | 15.23 | -10.62 | 115.17 | -11.58 | 115.56 | -22.32 | -16.30 | 0 | 1.14 | 478.89 | 29.93 | -6.64 |
| 2018 (5) | 2.23 | -11.51 | 45.68 | 4.48 | 11.98 | -12.43 | 6.83 | -5.88 | 8.07 | -22.48 | 6.37 | -22.51 | 6.28 | -2.03 | 3.37 | -9.65 | 0.45 | 12.5 | 17.04 | -13.37 | 130.26 | 17.8 | 148.77 | 12.92 | -48.77 | 0 | 0.20 | 0 | 32.06 | -1.35 |
| 2017 (4) | 2.52 | -10.64 | 43.72 | -1.24 | 13.68 | -7.88 | 7.25 | -11.75 | 10.41 | -15.3 | 8.22 | -19.96 | 6.41 | -8.03 | 3.73 | -12.85 | 0.40 | 5.26 | 19.67 | -13.12 | 110.58 | 38.88 | 131.75 | 9.28 | -31.75 | 0 | 0.00 | 0 | 32.50 | 10.92 |
| 2016 (3) | 2.82 | 47.64 | 44.27 | 1.61 | 14.85 | 25.95 | 8.22 | -6.82 | 12.29 | 60.44 | 10.27 | 67.26 | 6.97 | 37.2 | 4.28 | 34.59 | 0.38 | 8.57 | 22.64 | 9.11 | 79.62 | -0.08 | 120.56 | -21.95 | -20.56 | 0 | 0.00 | 0 | 29.30 | 0.17 |
| 2015 (2) | 1.91 | 56.56 | 43.57 | 11.72 | 11.79 | 20.43 | 8.82 | -0.37 | 7.66 | 36.06 | 6.14 | 72.47 | 5.08 | 13.14 | 3.18 | 34.18 | 0.35 | 6.06 | 20.75 | 5.81 | 79.68 | -67.67 | 154.47 | -10.84 | -54.47 | 0 | 0.00 | 0 | 29.25 | 6.87 |
| 2014 (1) | 1.22 | -40.49 | 39.00 | 0 | 9.79 | 0 | 8.85 | 53.54 | 5.63 | 0 | 3.56 | 0 | 4.49 | 0 | 2.37 | 0 | 0.33 | -13.16 | 19.61 | 21.5 | 246.44 | -23.6 | 173.26 | 48.16 | -73.26 | 0 | 0.00 | 0 | 27.37 | -12.16 |
