- 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) | -1.25 | -0.81 | -202.46 | 16.78 | 160.56 | -46.32 | -13.99 | 53.54 | -348.93 | -32.57 | -9.96 | -595.74 | -30.82 | -4.72 | -240.99 | -2.74 | -3.4 | -205.79 | -2.20 | -1.85 | -192.44 | 0.08 | 0.0 | -27.27 | -10.81 | -39.66 | -151.28 | 20.15 | 20.51 | 144.84 | 43.75 | -57.18 | -48.3 | 58.33 | 2783.33 | 279.17 | 48.54 | 7.18 | 48.99 |
| 24Q2 (19) | -1.24 | -244.44 | -125.45 | 6.44 | -52.15 | -52.3 | -30.11 | -123.87 | -36.8 | -29.62 | -262.55 | -43.09 | -29.43 | -322.84 | -100.89 | -2.65 | -239.74 | -117.21 | -2.16 | -285.71 | -94.59 | 0.08 | -20.0 | 0.0 | -7.74 | -191.38 | 0 | 16.72 | 0.0 | 68.89 | 102.17 | -38.7 | -1.23 | -2.17 | 96.74 | 68.48 | 45.29 | 26.19 | -2.56 |
| 24Q1 (18) | -0.36 | 20.0 | -3700.0 | 13.46 | -34.18 | -46.03 | -13.45 | -87.33 | -1463.95 | -8.17 | 26.06 | -1956.82 | -6.96 | 26.66 | -2677.78 | -0.78 | 17.89 | -4000.0 | -0.56 | 30.0 | -2900.0 | 0.10 | 11.11 | 25.0 | 8.47 | 22.05 | -58.21 | 16.72 | -4.51 | 53.39 | 166.67 | 163.89 | 266.67 | -66.67 | -280.95 | -133.33 | 35.89 | -3.57 | 33.12 |
| 23Q4 (17) | -0.45 | -136.89 | -148.91 | 20.45 | -34.58 | -35.33 | -7.18 | -227.76 | -180.76 | -11.05 | -268.19 | -154.57 | -9.49 | -143.41 | -159.99 | -0.95 | -136.68 | -149.48 | -0.80 | -133.61 | -145.45 | 0.09 | -18.18 | -18.18 | 6.94 | -67.08 | -79.08 | 17.51 | 112.76 | 138.88 | 63.16 | -25.36 | 42.94 | 36.84 | 139.47 | -33.99 | 37.22 | 14.24 | 21.79 |
| 23Q3 (16) | 1.22 | 321.82 | 96.77 | 31.26 | 131.56 | -8.06 | 5.62 | 125.53 | -57.2 | 6.57 | 131.74 | -50.86 | 21.86 | 249.22 | 106.62 | 2.59 | 312.3 | 94.74 | 2.38 | 314.41 | 98.33 | 0.11 | 37.5 | 0.0 | 21.08 | 0 | -19.14 | 8.23 | -16.87 | -24.84 | 84.62 | -18.21 | -15.38 | 15.38 | 323.08 | 330.77 | 32.58 | -29.91 | 10.67 |
| 23Q2 (15) | -0.55 | -5600.0 | -133.33 | 13.50 | -45.87 | -69.68 | -22.01 | -2459.3 | -182.5 | -20.70 | -4804.55 | -177.38 | -14.65 | -5525.93 | -161.27 | -1.22 | -6200.0 | -131.61 | -1.11 | -5650.0 | -131.81 | 0.08 | 0.0 | -46.67 | 0.00 | -100.0 | -100.0 | 9.90 | -9.17 | -10.16 | 103.45 | 203.45 | 3.45 | -6.90 | -103.45 | 0 | 46.48 | 72.4 | 141.83 |
| 23Q1 (14) | 0.01 | -98.91 | -99.14 | 24.94 | -21.13 | -45.21 | -0.86 | -109.67 | -103.57 | 0.44 | -97.83 | -98.18 | 0.27 | -98.29 | -98.59 | 0.02 | -98.96 | -99.3 | 0.02 | -98.86 | -99.24 | 0.08 | -27.27 | -42.86 | 20.27 | -38.91 | -38.07 | 10.90 | 48.7 | 0.83 | -100.00 | -326.32 | -200.0 | 200.00 | 258.33 | 0 | 26.96 | -11.78 | 8.23 |
| 22Q4 (13) | 0.92 | 48.39 | 24.32 | 31.62 | -7.0 | -20.81 | 8.89 | -32.29 | -45.12 | 20.25 | 51.46 | 25.93 | 15.82 | 49.53 | 35.91 | 1.92 | 44.36 | 3.78 | 1.76 | 46.67 | 2.92 | 0.11 | 0.0 | -26.67 | 33.18 | 27.27 | 36.32 | 7.33 | -33.06 | -4.81 | 44.19 | -55.81 | -57.01 | 55.81 | 1462.79 | 0 | 30.56 | 3.8 | 4.73 |
| 22Q3 (12) | 0.62 | -62.42 | -34.74 | 34.00 | -23.63 | -10.43 | 13.13 | -50.79 | -25.52 | 13.37 | -50.02 | -24.51 | 10.58 | -55.75 | -42.06 | 1.33 | -65.54 | -46.15 | 1.20 | -65.62 | -47.14 | 0.11 | -26.67 | -8.33 | 26.07 | -29.64 | -8.49 | 10.95 | -0.64 | 29.59 | 100.00 | 0.0 | 0.0 | 3.57 | 0 | 0 | 29.44 | 53.17 | 13.62 |
| 22Q2 (11) | 1.65 | 42.24 | 132.39 | 44.52 | -2.2 | 34.46 | 26.68 | 10.84 | 116.73 | 26.75 | 10.86 | 60.95 | 23.91 | 24.92 | 78.7 | 3.86 | 34.97 | 107.53 | 3.49 | 33.21 | 102.91 | 0.15 | 7.14 | 15.38 | 37.05 | 13.2 | 32.13 | 11.02 | 1.94 | 23.54 | 100.00 | 0.0 | 34.78 | 0.00 | 0 | -100.0 | 19.22 | -22.84 | -25.45 |
| 22Q1 (10) | 1.16 | 56.76 | 2220.0 | 45.52 | 14.0 | 71.39 | 24.07 | 48.58 | 1483.55 | 24.13 | 50.06 | 2016.67 | 19.14 | 64.43 | 1419.05 | 2.86 | 54.59 | 1942.86 | 2.62 | 53.22 | 1915.38 | 0.14 | -6.67 | 40.0 | 32.73 | 34.47 | 116.33 | 10.81 | 40.39 | 49.72 | 100.00 | -2.7 | 0.0 | 0.00 | 0 | 100.0 | 24.91 | -14.63 | -18.33 |
| 21Q4 (9) | 0.74 | -22.11 | -46.76 | 39.93 | 5.19 | -3.53 | 16.20 | -8.11 | -17.26 | 16.08 | -9.2 | -51.12 | 11.64 | -36.25 | -57.6 | 1.85 | -25.1 | -48.32 | 1.71 | -24.67 | -48.34 | 0.15 | 25.0 | 25.0 | 24.34 | -14.57 | -45.61 | 7.70 | -8.88 | 35.8 | 102.78 | 2.78 | 76.19 | 0.00 | 0 | -100.0 | 29.18 | 12.62 | -0.14 |
| 21Q3 (8) | 0.95 | 33.8 | 55.74 | 37.96 | 14.65 | 15.42 | 17.63 | 43.22 | 68.87 | 17.71 | 6.56 | 65.21 | 18.26 | 36.47 | 45.61 | 2.47 | 32.8 | 55.35 | 2.27 | 31.98 | 57.64 | 0.12 | -7.69 | 9.09 | 28.49 | 1.6 | 20.93 | 8.45 | -5.27 | -18.67 | 100.00 | 34.78 | 5.56 | 0.00 | -100.0 | 0 | 25.91 | 0.5 | -1.14 |
| 21Q2 (7) | 0.71 | 1320.0 | 422.73 | 33.11 | 24.66 | 72.72 | 12.31 | 709.87 | 314.09 | 16.62 | 1357.89 | 337.77 | 13.38 | 961.9 | 372.51 | 1.86 | 1228.57 | 432.14 | 1.72 | 1223.08 | 437.25 | 0.13 | 30.0 | 30.0 | 28.04 | 85.33 | 276.38 | 8.92 | 23.55 | -14.48 | 74.19 | -25.81 | -9.32 | 25.81 | 151.61 | 41.94 | 25.78 | -15.48 | 0 |
| 21Q1 (6) | 0.05 | -96.4 | -16.67 | 26.56 | -35.83 | -6.12 | 1.52 | -92.24 | 102.67 | 1.14 | -96.53 | -4.2 | 1.26 | -95.41 | -15.44 | 0.14 | -96.09 | -6.67 | 0.13 | -96.07 | -13.33 | 0.10 | -16.67 | 0.0 | 15.13 | -66.19 | -9.24 | 7.22 | 27.34 | -1.23 | 100.00 | 71.43 | 100.0 | -50.00 | -225.0 | -200.0 | 30.50 | 4.38 | 0 |
| 20Q4 (5) | 1.39 | 127.87 | 239.02 | 41.39 | 25.84 | 38.66 | 19.58 | 87.55 | 164.59 | 32.90 | 206.9 | 348.84 | 27.45 | 118.9 | 231.12 | 3.58 | 125.16 | 258.0 | 3.31 | 129.86 | 252.13 | 0.12 | 9.09 | 9.09 | 44.75 | 89.94 | 122.53 | 5.67 | -45.43 | 15.24 | 58.33 | -38.43 | -41.67 | 40.00 | 0 | 0 | 29.22 | 11.48 | 2.45 |
| 20Q3 (4) | 0.61 | 377.27 | 0.0 | 32.89 | 71.57 | 0.0 | 10.44 | 281.57 | 0.0 | 10.72 | 253.36 | 0.0 | 12.54 | 355.4 | 0.0 | 1.59 | 383.93 | 0.0 | 1.44 | 382.35 | 0.0 | 0.11 | 10.0 | 0.0 | 23.56 | 216.24 | 0.0 | 10.39 | -0.38 | 0.0 | 94.74 | 15.79 | 0.0 | 0.00 | -100.0 | 0.0 | 26.21 | 0 | 0.0 |
| 20Q2 (3) | -0.22 | -466.67 | 0.0 | 19.17 | -32.24 | 0.0 | -5.75 | -866.67 | 0.0 | -6.99 | -687.39 | 0.0 | -4.91 | -429.53 | 0.0 | -0.56 | -473.33 | 0.0 | -0.51 | -440.0 | 0.0 | 0.10 | 0.0 | 0.0 | 7.45 | -55.31 | 0.0 | 10.43 | 42.68 | 0.0 | 81.82 | 63.64 | 0.0 | 18.18 | -63.64 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.06 | -85.37 | 0.0 | 28.29 | -5.23 | 0.0 | 0.75 | -89.86 | 0.0 | 1.19 | -83.77 | 0.0 | 1.49 | -82.03 | 0.0 | 0.15 | -85.0 | 0.0 | 0.15 | -84.04 | 0.0 | 0.10 | -9.09 | 0.0 | 16.67 | -17.11 | 0.0 | 7.31 | 48.58 | 0.0 | 50.00 | -50.0 | 0.0 | 50.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.41 | 0.0 | 0.0 | 29.85 | 0.0 | 0.0 | 7.40 | 0.0 | 0.0 | 7.33 | 0.0 | 0.0 | 8.29 | 0.0 | 0.0 | 1.00 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 20.11 | 0.0 | 0.0 | 4.92 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 28.52 | 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) | 0.23 | -94.7 | 23.33 | -40.53 | -4.92 | 0 | 17.67 | 61.05 | -5.07 | 0 | 1.26 | -92.87 | 0.49 | -95.06 | 0.50 | -94.59 | 0.35 | -32.69 | 12.84 | -60.32 | 17.51 | 138.88 | 97.06 | 11.68 | 2.94 | -77.53 | 0.05 | 0 | 35.43 | 37.81 |
| 2022 (9) | 4.34 | 77.14 | 39.23 | 11.96 | 18.63 | 47.62 | 10.97 | 10.33 | 21.41 | 57.31 | 17.67 | 52.07 | 9.92 | 61.56 | 9.24 | 60.14 | 0.52 | 4.0 | 32.36 | 33.33 | 7.33 | -4.81 | 86.91 | -5.77 | 13.09 | 92.6 | 0.00 | 0 | 25.71 | -7.45 |
| 2021 (8) | 2.45 | 33.15 | 35.04 | 13.58 | 12.62 | 84.77 | 9.95 | -19.09 | 13.61 | 31.88 | 11.62 | 17.61 | 6.14 | 33.19 | 5.77 | 31.44 | 0.50 | 13.64 | 24.27 | 1.17 | 7.70 | 35.8 | 92.23 | 38.35 | 6.80 | -79.61 | 0.00 | 0 | 27.78 | -6.31 |
| 2020 (7) | 1.84 | -3.16 | 30.85 | -7.58 | 6.83 | -37.85 | 12.29 | 21.57 | 10.32 | -3.91 | 9.88 | 1.54 | 4.61 | -2.74 | 4.39 | -3.09 | 0.44 | -4.35 | 23.99 | 7.43 | 5.67 | 15.24 | 66.67 | -34.19 | 33.33 | 0 | 0.34 | -62.91 | 29.65 | 9.86 |
| 2019 (6) | 1.90 | 33.8 | 33.38 | -6.5 | 10.99 | 16.17 | 10.11 | 7.75 | 10.74 | 17.38 | 9.73 | 23.01 | 4.74 | 33.52 | 4.53 | 35.22 | 0.46 | 9.52 | 22.33 | 12.49 | 4.92 | -6.99 | 101.30 | -0.36 | -2.60 | 0 | 0.91 | -38.89 | 26.99 | -9.4 |
| 2018 (5) | 1.42 | -60.11 | 35.70 | -3.44 | 9.46 | -53.56 | 9.38 | 16.18 | 9.15 | -55.8 | 7.91 | -45.75 | 3.55 | -59.57 | 3.35 | -59.44 | 0.42 | -26.32 | 19.85 | -33.66 | 5.29 | -14.4 | 101.67 | 3.37 | -3.33 | 0 | 1.49 | 0 | 29.79 | 36.34 |
| 2017 (4) | 3.56 | 23.61 | 36.97 | 10.42 | 20.37 | 24.28 | 8.08 | -7.16 | 20.70 | 22.7 | 14.58 | 24.51 | 8.78 | 25.61 | 8.26 | 25.15 | 0.57 | 1.79 | 29.92 | 12.19 | 6.18 | -0.96 | 98.35 | 1.06 | 1.65 | -38.6 | 0.00 | 0 | 21.85 | -2.32 |
| 2016 (3) | 2.88 | -17.48 | 33.48 | -10.67 | 16.39 | -23.98 | 8.70 | 14.71 | 16.87 | 26.75 | 11.71 | -10.95 | 6.99 | -22.93 | 6.60 | -22.81 | 0.56 | -5.08 | 26.67 | 12.58 | 6.24 | 14.71 | 97.32 | -40.03 | 2.68 | 0 | 0.00 | 0 | 22.37 | 8.64 |
| 2015 (2) | 3.49 | -39.2 | 37.48 | 0.0 | 21.56 | 28.41 | 7.58 | -11.15 | 13.31 | -39.36 | 13.15 | -49.96 | 9.07 | -52.54 | 8.55 | -48.52 | 0.59 | -1.67 | 23.69 | -28.06 | 5.44 | -83.76 | 162.28 | 112.44 | -62.28 | 0 | 0.00 | 0 | 20.59 | -2.74 |
| 2014 (1) | 5.74 | 50.66 | 37.48 | 0 | 16.79 | 0 | 8.54 | 1.37 | 21.95 | 0 | 26.28 | 0 | 19.11 | 0 | 16.61 | 0 | 0.60 | -26.83 | 32.93 | 20.31 | 33.50 | 383.41 | 76.39 | -22.89 | 23.61 | 0 | 0.00 | 0 | 21.17 | -6.08 |
