- 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) | -0.01 | 91.67 | -102.5 | 7.41 | 151.19 | -60.31 | -10.57 | 50.28 | -268.58 | 0.51 | 106.7 | -97.2 | -0.36 | 96.04 | -102.38 | -0.06 | 94.29 | -101.69 | -0.04 | 95.35 | -101.45 | 0.13 | 44.44 | -27.78 | 4.30 | 248.28 | -78.99 | 17.78 | -13.86 | -26.44 | -2900.00 | -1154.55 | -8370.37 | 3100.00 | 1871.43 | 4580.39 | 29.86 | -17.33 | 32.24 |
| 24Q2 (19) | -0.12 | -500.0 | -124.0 | 2.95 | -69.46 | -84.19 | -21.26 | -191.63 | -421.15 | -7.61 | -361.51 | -140.52 | -9.09 | -541.26 | -155.29 | -1.05 | -438.71 | -122.48 | -0.86 | -430.77 | -124.86 | 0.09 | -25.0 | -57.14 | -2.90 | -144.01 | -113.88 | 20.64 | -7.32 | -41.13 | 275.00 | 210.0 | 675.0 | -175.00 | -150.0 | -371.25 | 36.12 | 28.18 | 72.66 |
| 24Q1 (18) | 0.03 | -85.0 | -81.25 | 9.66 | -28.07 | -41.6 | -7.29 | -370.32 | -251.24 | 2.91 | -56.24 | -53.66 | 2.06 | -78.65 | -63.6 | 0.31 | -82.18 | -79.05 | 0.26 | -81.94 | -76.79 | 0.12 | -20.0 | -40.0 | 6.59 | -31.21 | -24.69 | 22.27 | 17.21 | -37.95 | -250.00 | -1000.0 | -429.55 | 350.00 | 185.19 | 1350.0 | 28.18 | 12.05 | 33.11 |
| 23Q4 (17) | 0.20 | -50.0 | -35.48 | 13.43 | -28.07 | -30.52 | -1.55 | -124.72 | -119.75 | 6.65 | -63.5 | -12.5 | 9.65 | -36.14 | -4.93 | 1.74 | -50.99 | -38.08 | 1.44 | -47.64 | -34.84 | 0.15 | -16.67 | -28.57 | 9.58 | -53.2 | -7.8 | 19.00 | -21.39 | -38.91 | -22.73 | -164.81 | -122.13 | 122.73 | 85.29 | 4640.91 | 25.15 | 11.38 | 22.68 |
| 23Q3 (16) | 0.40 | -20.0 | -20.0 | 18.67 | 0.05 | -3.86 | 6.27 | -5.29 | -32.0 | 18.22 | -2.98 | -5.89 | 15.11 | -8.09 | 5.66 | 3.55 | -23.98 | -25.58 | 2.75 | -20.52 | -22.1 | 0.18 | -14.29 | -28.0 | 20.47 | -2.01 | -4.7 | 24.17 | -31.06 | -28.45 | 35.06 | -1.18 | -25.82 | 66.23 | 2.66 | 25.62 | 22.58 | 7.93 | 17.85 |
| 23Q2 (15) | 0.50 | 212.5 | 11.11 | 18.66 | 12.82 | 2.98 | 6.62 | 37.34 | -17.66 | 18.78 | 199.04 | 21.4 | 16.44 | 190.46 | 25.69 | 4.67 | 215.54 | 3.09 | 3.46 | 208.93 | 3.59 | 0.21 | 5.0 | -16.0 | 20.89 | 138.74 | 17.62 | 35.06 | -2.31 | -7.18 | 35.48 | -53.23 | -31.4 | 64.52 | 167.28 | 33.64 | 20.92 | -1.18 | 13.26 |
| 23Q1 (14) | 0.16 | -48.39 | -40.74 | 16.54 | -14.43 | 8.96 | 4.82 | -38.6 | -17.18 | 6.28 | -17.37 | -40.98 | 5.66 | -44.24 | -32.13 | 1.48 | -47.33 | -47.52 | 1.12 | -49.32 | -46.41 | 0.20 | -4.76 | -20.0 | 8.75 | -15.78 | -32.54 | 35.89 | 15.4 | 3.7 | 75.86 | -26.13 | 39.49 | 24.14 | 993.1 | -47.08 | 21.17 | 3.27 | 10.32 |
| 22Q4 (13) | 0.31 | -38.0 | 181.82 | 19.33 | -0.46 | 62.85 | 7.85 | -14.86 | 155.7 | 7.60 | -60.74 | 58.33 | 10.15 | -29.02 | 228.48 | 2.81 | -41.09 | 148.67 | 2.21 | -37.39 | 160.0 | 0.21 | -16.0 | -22.22 | 10.39 | -51.63 | 43.71 | 31.10 | -7.93 | -16.29 | 102.70 | 117.26 | 63.12 | -2.70 | -105.13 | -107.3 | 20.50 | 6.99 | 15.04 |
| 22Q3 (12) | 0.50 | 11.11 | 150.0 | 19.42 | 7.17 | 45.58 | 9.22 | 14.68 | 143.92 | 19.36 | 25.15 | 196.48 | 14.30 | 9.33 | 123.44 | 4.77 | 5.3 | 117.81 | 3.53 | 5.69 | 115.24 | 0.25 | 0.0 | 0.0 | 21.48 | 20.95 | 137.09 | 33.78 | -10.56 | -2.68 | 47.27 | -8.61 | -19.64 | 52.73 | 9.22 | 28.05 | 19.16 | 3.74 | 6.33 |
| 22Q2 (11) | 0.45 | 66.67 | 275.0 | 18.12 | 19.37 | 53.95 | 8.04 | 38.14 | 892.59 | 15.47 | 45.39 | 237.77 | 13.08 | 56.83 | 189.38 | 4.53 | 60.64 | 248.46 | 3.34 | 59.81 | 234.0 | 0.25 | 0.0 | 13.64 | 17.76 | 36.93 | 131.55 | 37.77 | 9.13 | 7.18 | 51.72 | -4.89 | 244.83 | 48.28 | 5.84 | -39.66 | 18.47 | -3.75 | -10.03 |
| 22Q1 (10) | 0.27 | 145.45 | 285.71 | 15.18 | 27.89 | 27.78 | 5.82 | 89.58 | 1038.71 | 10.64 | 121.67 | 255.85 | 8.34 | 169.9 | 180.81 | 2.82 | 149.56 | 286.3 | 2.09 | 145.88 | 260.34 | 0.25 | -7.41 | 31.58 | 12.97 | 79.39 | 96.22 | 34.61 | -6.84 | 18.37 | 54.39 | -13.62 | 399.12 | 45.61 | 23.16 | -61.4 | 19.19 | 7.69 | -19.51 |
| 21Q4 (9) | 0.11 | -45.0 | 237.5 | 11.87 | -11.02 | 4.58 | 3.07 | -18.78 | 219.46 | 4.80 | -26.49 | 298.35 | 3.09 | -51.72 | 183.74 | 1.13 | -48.4 | 231.4 | 0.85 | -48.17 | 230.77 | 0.27 | 8.0 | 50.0 | 7.23 | -20.2 | 317.92 | 37.15 | 7.03 | 23.05 | 62.96 | 7.04 | -44.03 | 37.04 | -10.05 | 396.3 | 17.82 | -1.11 | -21.36 |
| 21Q3 (8) | 0.20 | 66.67 | 1900.0 | 13.34 | 13.34 | -16.83 | 3.78 | 366.67 | 200.0 | 6.53 | 42.58 | 1132.08 | 6.40 | 41.59 | 1500.0 | 2.19 | 68.46 | 2090.0 | 1.64 | 64.0 | 1540.0 | 0.25 | 13.64 | 31.58 | 9.06 | 18.12 | 92.36 | 34.71 | -1.5 | 21.66 | 58.82 | 292.16 | -76.47 | 41.18 | -48.53 | 127.45 | 18.02 | -12.23 | -14.6 |
| 21Q2 (7) | 0.12 | 71.43 | -36.84 | 11.77 | -0.93 | -33.05 | 0.81 | 230.65 | -71.28 | 4.58 | 53.18 | -40.9 | 4.52 | 52.19 | -40.84 | 1.30 | 78.08 | -38.68 | 1.00 | 72.41 | -38.65 | 0.22 | 15.79 | 4.76 | 7.67 | 16.04 | -32.78 | 35.24 | 20.52 | 10.02 | 15.00 | 182.5 | -57.73 | 80.00 | -32.31 | 24.0 | 20.53 | -13.88 | 0 |
| 21Q1 (6) | 0.07 | 187.5 | -46.15 | 11.88 | 4.67 | -24.86 | -0.62 | 75.88 | -120.81 | 2.99 | 223.55 | -45.64 | 2.97 | 180.49 | -45.6 | 0.73 | 184.88 | -51.01 | 0.58 | 189.23 | -49.57 | 0.19 | 5.56 | -5.0 | 6.61 | 282.08 | -30.13 | 29.24 | -3.15 | -10.5 | -18.18 | -116.16 | -133.33 | 118.18 | 1045.45 | 160.0 | 23.84 | 5.21 | 6.24 |
| 20Q4 (5) | -0.08 | -900.0 | -150.0 | 11.35 | -29.24 | -43.36 | -2.57 | -303.97 | -134.64 | -2.42 | -556.6 | -145.75 | -3.69 | -1022.5 | -161.81 | -0.86 | -960.0 | -146.74 | -0.65 | -750.0 | -147.1 | 0.18 | -5.26 | -18.18 | 1.73 | -63.27 | -80.52 | 30.19 | 5.82 | -16.63 | 112.50 | -55.0 | -21.59 | -12.50 | 91.67 | 68.06 | 22.66 | 7.39 | 3.0 |
| 20Q3 (4) | 0.01 | -94.74 | 0.0 | 16.04 | -8.76 | 0.0 | 1.26 | -55.32 | 0.0 | 0.53 | -93.16 | 0.0 | 0.40 | -94.76 | 0.0 | 0.10 | -95.28 | 0.0 | 0.10 | -93.87 | 0.0 | 0.19 | -9.52 | 0.0 | 4.71 | -58.72 | 0.0 | 28.53 | -10.93 | 0.0 | 250.00 | 604.55 | 0.0 | -150.00 | -332.5 | 0.0 | 21.10 | 0 | 0.0 |
| 20Q2 (3) | 0.19 | 46.15 | 0.0 | 17.58 | 11.2 | 0.0 | 2.82 | -5.37 | 0.0 | 7.75 | 40.91 | 0.0 | 7.64 | 39.93 | 0.0 | 2.12 | 42.28 | 0.0 | 1.63 | 41.74 | 0.0 | 0.21 | 5.0 | 0.0 | 11.41 | 20.61 | 0.0 | 32.03 | -1.96 | 0.0 | 35.48 | -34.95 | 0.0 | 64.52 | 41.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.13 | -18.75 | 0.0 | 15.81 | -21.11 | 0.0 | 2.98 | -59.84 | 0.0 | 5.50 | 3.97 | 0.0 | 5.46 | -8.54 | 0.0 | 1.49 | -19.02 | 0.0 | 1.15 | -16.67 | 0.0 | 0.20 | -9.09 | 0.0 | 9.46 | 6.53 | 0.0 | 32.67 | -9.78 | 0.0 | 54.55 | -61.98 | 0.0 | 45.45 | 216.16 | 0.0 | 22.44 | 2.0 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 20.04 | 0.0 | 0.0 | 7.42 | 0.0 | 0.0 | 5.29 | 0.0 | 0.0 | 5.97 | 0.0 | 0.0 | 1.84 | 0.0 | 0.0 | 1.38 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 8.88 | 0.0 | 0.0 | 36.21 | 0.0 | 0.0 | 143.48 | 0.0 | 0.0 | -39.13 | 0.0 | 0.0 | 22.00 | 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) | 1.25 | -18.83 | 17.07 | -5.22 | 4.45 | -42.65 | 2.28 | 6.92 | 12.93 | -4.29 | 11.90 | 2.94 | 11.13 | -25.25 | 8.95 | -20.37 | 0.75 | -21.87 | 15.34 | -3.1 | 19.00 | -38.91 | 34.39 | -40.08 | 65.61 | 53.97 | 0.09 | -29.33 | 22.22 | 15.19 |
| 2022 (9) | 1.54 | 208.0 | 18.01 | 46.9 | 7.76 | 280.39 | 2.14 | -21.36 | 13.51 | 176.84 | 11.56 | 168.21 | 14.89 | 179.36 | 11.24 | 178.22 | 0.96 | 3.23 | 15.83 | 106.39 | 31.10 | -16.29 | 57.39 | 38.94 | 42.61 | -26.03 | 0.13 | -9.2 | 19.29 | -1.88 |
| 2021 (8) | 0.50 | 100.0 | 12.26 | -19.92 | 2.04 | 63.2 | 2.72 | -27.21 | 4.88 | 58.44 | 4.31 | 58.46 | 5.33 | 89.68 | 4.04 | 81.17 | 0.93 | 20.78 | 7.67 | 9.57 | 37.15 | 23.05 | 41.30 | 0.0 | 57.61 | -5.36 | 0.14 | 170.87 | 19.66 | -8.73 |
| 2020 (7) | 0.25 | -73.68 | 15.31 | -13.7 | 1.25 | -81.94 | 3.73 | 22.69 | 3.08 | -59.84 | 2.72 | -64.54 | 2.81 | -75.04 | 2.23 | -72.5 | 0.77 | -25.96 | 7.00 | -35.9 | 30.19 | -16.63 | 41.30 | -54.24 | 60.87 | 524.93 | 0.05 | 1.25 | 21.54 | 10.35 |
| 2019 (6) | 0.95 | -15.93 | 17.74 | -3.48 | 6.92 | -14.99 | 3.04 | -17.44 | 7.67 | -15.9 | 7.67 | -15.9 | 11.26 | -25.08 | 8.11 | -16.22 | 1.04 | 0.97 | 10.92 | -16.89 | 36.21 | -23.41 | 90.26 | 1.33 | 9.74 | -10.88 | 0.05 | 0 | 19.52 | 2.95 |
| 2018 (5) | 1.13 | 39.51 | 18.38 | 4.43 | 8.14 | 2.78 | 3.68 | 9.17 | 9.12 | 46.86 | 9.12 | 48.78 | 15.03 | 23.4 | 9.68 | 37.89 | 1.03 | -4.63 | 13.14 | 30.49 | 47.28 | -36.49 | 89.07 | -30.43 | 10.93 | 0 | 0.00 | 0 | 18.96 | 4.81 |
| 2017 (4) | 0.81 | -18.18 | 17.60 | -8.33 | 7.92 | -10.2 | 3.37 | -11.46 | 6.21 | -21.89 | 6.13 | -21.61 | 12.18 | -26.98 | 7.02 | -15.52 | 1.08 | 8.0 | 10.07 | -18.2 | 74.45 | -22.11 | 128.03 | 15.94 | -28.03 | 0 | 0.00 | 0 | 18.09 | -5.73 |
| 2016 (3) | 0.99 | 160.53 | 19.20 | 34.08 | 8.82 | 112.02 | 3.81 | -18.54 | 7.95 | 169.49 | 7.82 | 143.61 | 16.68 | 139.66 | 8.31 | 129.56 | 1.00 | 9.89 | 12.31 | 43.47 | 95.58 | -27.59 | 110.43 | -21.32 | -11.04 | 0 | 0.00 | 0 | 19.19 | -2.59 |
| 2015 (2) | 0.38 | -54.22 | 14.32 | -10.61 | 4.16 | 51.27 | 4.68 | -23.11 | 2.95 | -71.22 | 3.21 | -61.65 | 6.96 | -65.06 | 3.62 | -60.31 | 0.91 | -7.14 | 8.58 | -50.94 | 132.00 | -9.44 | 140.35 | 422.69 | -40.35 | 0 | 0.00 | 0 | 19.70 | -18.16 |
| 2014 (1) | 0.83 | 0 | 16.02 | 0 | 2.75 | 0 | 6.08 | -23.35 | 10.25 | 0 | 8.37 | 0 | 19.92 | 0 | 9.12 | 0 | 0.98 | 27.27 | 17.49 | 101.03 | 145.76 | 3.69 | 26.85 | -67.78 | 73.15 | 338.89 | 0.00 | 0 | 24.07 | 1.48 |
