- 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) | 0.23 | -74.16 | -66.18 | 12.73 | -31.6 | -26.88 | 2.47 | -76.2 | -62.97 | 5.75 | -68.8 | -68.89 | 5.13 | -68.83 | -70.0 | 1.23 | -74.48 | -68.38 | 0.88 | -72.76 | -66.54 | 0.16 | -15.79 | 6.67 | 12.55 | -47.97 | -50.98 | 44.81 | -26.18 | 1.89 | 44.44 | -20.9 | 22.22 | 55.56 | 26.81 | -12.7 | 16.65 | 19.7 | -9.26 |
| 24Q2 (19) | 0.89 | 154.29 | 43.55 | 18.61 | 54.7 | 1.53 | 10.38 | 1066.29 | 18.49 | 18.43 | 98.17 | 20.77 | 16.46 | 83.5 | 20.94 | 4.82 | 157.75 | 34.64 | 3.23 | 142.86 | 36.29 | 0.19 | 35.71 | 11.76 | 24.12 | 42.55 | 13.03 | 60.70 | 36.19 | 6.75 | 56.19 | 419.76 | -2.34 | 43.81 | -52.32 | 3.16 | 13.91 | -22.68 | -10.6 |
| 24Q1 (18) | 0.35 | 12.9 | 6.06 | 12.03 | 8.18 | -10.95 | 0.89 | 278.0 | -77.35 | 9.30 | 1.2 | 16.54 | 8.97 | -0.11 | 28.51 | 1.87 | 1.63 | -5.56 | 1.33 | 1.53 | -4.32 | 0.14 | 0.0 | -26.32 | 16.92 | -0.29 | 23.41 | 44.57 | -4.7 | -9.61 | 10.81 | 294.59 | -77.84 | 91.89 | -12.94 | 79.41 | 17.99 | -10.5 | 26.51 |
| 23Q4 (17) | 0.31 | -54.41 | 40.91 | 11.12 | -36.13 | -20.34 | -0.50 | -107.5 | -133.56 | 9.19 | -50.27 | 48.71 | 8.98 | -47.49 | 56.45 | 1.84 | -52.7 | 31.43 | 1.31 | -50.19 | 31.0 | 0.14 | -6.67 | -17.65 | 16.97 | -33.71 | 32.68 | 46.77 | 6.34 | 5.29 | -5.56 | -115.28 | -121.43 | 105.56 | 65.87 | 35.71 | 20.10 | 9.54 | -1.23 |
| 23Q3 (16) | 0.68 | 9.68 | -20.0 | 17.41 | -5.02 | -4.39 | 6.67 | -23.86 | -22.8 | 18.48 | 21.1 | -17.9 | 17.10 | 25.64 | -15.6 | 3.89 | 8.66 | -27.56 | 2.63 | 10.97 | -23.77 | 0.15 | -11.76 | -11.76 | 25.60 | 19.96 | -9.92 | 43.98 | -22.65 | -2.74 | 36.36 | -36.8 | -5.45 | 63.64 | 49.85 | 3.41 | 18.35 | 17.93 | 8.84 |
| 23Q2 (15) | 0.62 | 87.88 | 5.08 | 18.33 | 35.68 | 23.02 | 8.76 | 122.9 | 26.77 | 15.26 | 91.23 | 21.5 | 13.61 | 94.99 | 26.6 | 3.58 | 80.81 | 17.38 | 2.37 | 70.5 | 19.1 | 0.17 | -10.53 | -5.56 | 21.34 | 55.65 | 22.43 | 56.86 | 15.31 | -19.48 | 57.53 | 17.95 | 5.48 | 42.47 | -17.09 | -3.35 | 15.56 | 9.42 | 4.5 |
| 23Q1 (14) | 0.33 | 50.0 | -31.25 | 13.51 | -3.22 | -20.9 | 3.93 | 163.76 | -53.49 | 7.98 | 29.13 | -15.91 | 6.98 | 21.6 | -9.94 | 1.98 | 41.43 | -6.6 | 1.39 | 39.0 | -6.08 | 0.19 | 11.76 | 0.0 | 13.71 | 7.19 | -4.39 | 49.31 | 11.01 | 12.68 | 48.78 | 88.15 | -44.72 | 51.22 | -34.15 | 335.37 | 14.22 | -30.12 | -1.52 |
| 22Q4 (13) | 0.22 | -74.12 | -62.07 | 13.96 | -23.34 | -9.76 | 1.49 | -82.75 | -78.65 | 6.18 | -72.55 | -9.38 | 5.74 | -71.67 | -38.01 | 1.40 | -73.93 | -46.56 | 1.00 | -71.01 | -42.86 | 0.17 | 0.0 | -10.53 | 12.79 | -55.0 | 10.64 | 44.42 | -1.77 | -10.43 | 25.93 | -32.59 | -74.76 | 77.78 | 26.39 | 2977.78 | 20.35 | 20.7 | 19.15 |
| 22Q3 (12) | 0.85 | 44.07 | -88.92 | 18.21 | 22.21 | 63.46 | 8.64 | 25.04 | 1530.19 | 22.51 | 79.22 | -80.96 | 20.26 | 88.47 | -81.88 | 5.37 | 76.07 | -85.86 | 3.45 | 73.37 | -85.0 | 0.17 | -5.56 | -19.05 | 28.42 | 63.05 | -76.91 | 45.22 | -35.97 | -20.08 | 38.46 | -29.49 | 8323.08 | 61.54 | 40.05 | -38.18 | 16.86 | 13.23 | -16.24 |
| 22Q2 (11) | 0.59 | 22.92 | -14.49 | 14.90 | -12.76 | 15.95 | 6.91 | -18.22 | 32.63 | 12.56 | 32.35 | -13.91 | 10.75 | 38.71 | -17.5 | 3.05 | 43.87 | -32.52 | 1.99 | 34.46 | -24.33 | 0.18 | -5.26 | -10.0 | 17.43 | 21.55 | -15.06 | 70.62 | 61.38 | -9.45 | 54.55 | -38.18 | 54.55 | 43.94 | 273.48 | -30.51 | 14.89 | 3.12 | 1.09 |
| 22Q1 (10) | 0.48 | -17.24 | 60.0 | 17.08 | 10.41 | 2.52 | 8.45 | 21.06 | 7.92 | 9.49 | 39.15 | 167.32 | 7.75 | -16.31 | 128.61 | 2.12 | -19.08 | 90.99 | 1.48 | -15.43 | 114.49 | 0.19 | 0.0 | 5.56 | 14.34 | 24.05 | 41.42 | 43.76 | -11.76 | -41.31 | 88.24 | -14.09 | -59.89 | 11.76 | 535.29 | 109.8 | 14.44 | -15.46 | -8.55 |
| 21Q4 (9) | 0.58 | -92.44 | -49.12 | 15.47 | 38.87 | 20.2 | 6.98 | 1216.98 | 98.3 | 6.82 | -94.23 | -71.34 | 9.26 | -91.72 | -59.65 | 2.62 | -93.1 | -67.37 | 1.75 | -92.39 | -59.21 | 0.19 | -9.52 | 5.56 | 11.56 | -90.61 | -61.56 | 49.59 | -12.35 | -38.07 | 102.70 | 22391.89 | 618.92 | -2.70 | -102.72 | -103.19 | 17.08 | -15.15 | -6.82 |
| 21Q3 (8) | 7.67 | 1011.59 | 1294.55 | 11.14 | -13.31 | -19.57 | 0.53 | -89.83 | -92.07 | 118.25 | 710.49 | 1027.26 | 111.78 | 757.87 | 1095.51 | 37.98 | 740.27 | 912.8 | 23.00 | 774.52 | 1091.71 | 0.21 | 5.0 | 5.0 | 123.06 | 499.71 | 644.46 | 56.58 | -27.45 | -43.92 | 0.46 | -98.71 | -99.29 | 99.54 | 57.42 | 176.51 | 20.13 | 36.66 | 48.56 |
| 21Q2 (7) | 0.69 | 130.0 | 365.38 | 12.85 | -22.87 | 36.56 | 5.21 | -33.46 | 194.35 | 14.59 | 310.99 | 460.25 | 13.03 | 284.37 | 402.32 | 4.52 | 307.21 | 401.33 | 2.63 | 281.16 | 498.48 | 0.20 | 11.11 | 17.65 | 20.52 | 102.37 | 508.9 | 77.99 | 4.6 | -24.97 | 35.29 | -83.96 | 185.71 | 63.24 | 152.7 | -55.21 | 14.73 | -6.71 | 0 |
| 21Q1 (6) | 0.30 | -73.68 | 3100.0 | 16.66 | 29.45 | 58.67 | 7.83 | 122.44 | 930.26 | 3.55 | -85.08 | 1872.22 | 3.39 | -85.23 | 8375.0 | 1.11 | -86.18 | 11000.0 | 0.69 | -83.92 | 590.0 | 0.18 | 0.0 | 0.0 | 10.14 | -66.28 | 31.18 | 74.56 | -6.88 | -23.53 | 220.00 | 1440.0 | -26.67 | -120.00 | -241.57 | 40.0 | 15.79 | -13.86 | -1.68 |
| 20Q4 (5) | 1.14 | 107.27 | 11300.0 | 12.87 | -7.08 | 38.09 | 3.52 | -47.31 | 208.77 | 23.80 | 126.88 | 1078.22 | 22.95 | 145.45 | 2537.93 | 8.03 | 114.13 | 2409.37 | 4.29 | 122.28 | 1550.0 | 0.18 | -10.0 | -5.26 | 30.07 | 81.91 | 241.7 | 80.07 | -20.64 | -13.84 | 14.29 | -77.68 | -74.29 | 84.76 | 135.45 | 90.71 | 18.33 | 35.28 | 12.52 |
| 20Q3 (4) | 0.55 | 311.54 | 0.0 | 13.85 | 47.18 | 0.0 | 6.68 | 277.4 | 0.0 | 10.49 | 359.01 | 0.0 | 9.35 | 316.94 | 0.0 | 3.75 | 350.0 | 0.0 | 1.93 | 392.42 | 0.0 | 0.20 | 17.65 | 0.0 | 16.53 | 390.5 | 0.0 | 100.89 | -2.93 | 0.0 | 64.00 | 255.43 | 0.0 | 36.00 | -74.5 | 0.0 | 13.55 | 0 | 0.0 |
| 20Q2 (3) | -0.26 | -2500.0 | 0.0 | 9.41 | -10.38 | 0.0 | 1.77 | 132.89 | 0.0 | -4.05 | -2350.0 | 0.0 | -4.31 | -10875.0 | 0.0 | -1.50 | -15100.0 | 0.0 | -0.66 | -760.0 | 0.0 | 0.17 | -5.56 | 0.0 | 3.37 | -56.4 | 0.0 | 103.94 | 6.61 | 0.0 | -41.18 | -113.73 | 0.0 | 141.18 | 170.59 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.01 | -200.0 | 0.0 | 10.50 | 12.66 | 0.0 | 0.76 | -33.33 | 0.0 | 0.18 | -91.09 | 0.0 | 0.04 | -95.4 | 0.0 | 0.01 | -96.88 | 0.0 | 0.10 | -61.54 | 0.0 | 0.18 | -5.26 | 0.0 | 7.73 | -12.16 | 0.0 | 97.50 | 4.92 | 0.0 | 300.00 | 440.0 | 0.0 | -200.00 | -550.0 | 0.0 | 16.06 | -1.41 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 9.32 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 8.80 | 0.0 | 0.0 | 92.93 | 0.0 | 0.0 | 55.56 | 0.0 | 0.0 | 44.44 | 0.0 | 0.0 | 16.29 | 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) | 1.93 | 2.12 | 15.18 | -5.54 | 4.89 | -25.11 | 6.27 | 20.25 | 12.61 | -0.24 | 11.51 | 4.16 | 11.16 | -3.04 | 7.82 | -1.88 | 0.67 | -5.63 | 19.19 | 5.79 | 46.77 | 5.29 | 38.77 | -25.19 | 61.23 | 26.04 | 0.00 | 0 | 16.80 | 2.13 |
| 2022 (9) | 1.89 | -79.46 | 16.07 | 15.61 | 6.53 | 31.92 | 5.21 | 3.62 | 12.64 | -67.65 | 11.05 | -70.56 | 11.51 | -74.98 | 7.97 | -72.17 | 0.71 | -6.58 | 18.14 | -59.21 | 44.42 | -10.43 | 51.82 | 310.87 | 48.58 | -44.32 | 0.00 | 0 | 16.45 | -3.86 |
| 2021 (8) | 9.20 | 547.89 | 13.90 | 18.3 | 4.95 | 49.55 | 5.03 | -18.63 | 39.07 | 392.69 | 37.53 | 413.41 | 46.01 | 351.52 | 28.64 | 393.79 | 0.76 | 1.33 | 44.47 | 202.31 | 49.59 | -38.07 | 12.61 | -69.77 | 87.26 | 49.74 | 0.00 | 0 | 17.11 | 9.96 |
| 2020 (7) | 1.42 | 0 | 11.75 | 37.75 | 3.31 | 0 | 6.18 | -7.96 | 7.93 | 15760.0 | 7.31 | 0 | 10.19 | 0 | 5.80 | 0 | 0.75 | 5.63 | 14.71 | 98.78 | 80.07 | -13.84 | 41.73 | 0 | 58.27 | -94.7 | 0.00 | 0 | 15.56 | -7.22 |
| 2019 (6) | -0.15 | 0 | 8.53 | -10.68 | -0.61 | 0 | 6.72 | 25.54 | 0.05 | -88.89 | -0.51 | 0 | -0.67 | 0 | -0.01 | 0 | 0.71 | -11.25 | 7.40 | 19.35 | 92.93 | 21.22 | -1000.00 | 0 | 1100.00 | 0 | 0.00 | 0 | 16.77 | 7.71 |
| 2018 (5) | 0.06 | -93.41 | 9.55 | -31.44 | 0.52 | -89.54 | 5.35 | 16.2 | 0.45 | -91.33 | 0.10 | -97.58 | 0.14 | -97.76 | 0.34 | -91.05 | 0.80 | -5.88 | 6.20 | -39.45 | 76.66 | 7.29 | 112.50 | 17.19 | -12.50 | 0 | 0.00 | 0 | 15.57 | 2.37 |
| 2017 (4) | 0.91 | -14.15 | 13.93 | -15.93 | 4.97 | -28.8 | 4.60 | 5.68 | 5.19 | -21.0 | 4.13 | -13.6 | 6.25 | -13.07 | 3.80 | -10.38 | 0.85 | 3.66 | 10.24 | -11.03 | 71.45 | -13.3 | 96.00 | -9.69 | 4.00 | 0 | 0.00 | 0 | 15.21 | -3.61 |
| 2016 (3) | 1.06 | -34.97 | 16.57 | -10.91 | 6.98 | -23.04 | 4.36 | 18.52 | 6.57 | -18.99 | 4.78 | -28.12 | 7.19 | -30.8 | 4.24 | -27.89 | 0.82 | -1.2 | 11.51 | -6.57 | 82.41 | -2.58 | 106.30 | -4.8 | -6.30 | 0 | 0.00 | 0 | 15.78 | 3.48 |
| 2015 (2) | 1.63 | -40.94 | 18.60 | 14.89 | 9.07 | 9.28 | 3.68 | 53.42 | 8.11 | -6.35 | 6.65 | -12.04 | 10.39 | -38.48 | 5.88 | -30.74 | 0.83 | -21.7 | 12.32 | 6.39 | 84.59 | -7.95 | 111.66 | 16.49 | -11.66 | 0 | 0.00 | 0 | 15.25 | 24.39 |
| 2014 (1) | 2.76 | 338.1 | 16.19 | 0 | 8.30 | 0 | 2.40 | 3.95 | 8.66 | 0 | 7.56 | 0 | 16.89 | 0 | 8.49 | 0 | 1.06 | 9.28 | 11.58 | 120.15 | 91.90 | -31.91 | 95.85 | 10.23 | 4.15 | -68.2 | 0.00 | 0 | 12.26 | -0.16 |
