- 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 | 0 | -95.65 | 25.60 | 0.59 | -6.67 | 4.60 | -12.21 | -53.49 | 4.26 | -18.7 | -71.71 | 3.74 | -15.38 | -68.54 | 0.36 | -12.2 | -79.19 | 0.36 | -12.2 | -72.31 | 0.07 | 0.0 | -30.0 | 25.76 | -6.77 | -22.48 | 34.72 | -3.29 | -28.06 | 107.84 | 7.84 | 64.23 | -7.84 | 0 | -122.84 | 17.71 | -6.94 | 9.59 |
| 24Q2 (19) | 0.00 | 0 | -100.0 | 25.45 | 15.26 | -29.44 | 5.24 | 918.75 | -67.87 | 5.24 | 154.37 | -70.84 | 4.42 | 325.0 | -68.13 | 0.41 | 310.0 | -78.53 | 0.41 | 105.0 | -70.92 | 0.07 | 0.0 | -22.22 | 27.63 | 2.3 | -23.76 | 35.90 | 9.22 | -38.2 | 100.00 | 415.38 | 10.12 | 0.00 | -100.0 | -100.0 | 19.03 | -11.69 | 4.39 |
| 24Q1 (18) | 0.00 | -100.0 | -100.0 | 22.08 | -22.55 | -39.64 | -0.64 | -108.19 | -103.32 | 2.06 | -57.26 | -88.66 | 1.04 | -66.45 | -92.47 | 0.10 | -72.22 | -94.92 | 0.20 | -52.38 | -86.49 | 0.07 | -12.5 | -22.22 | 27.01 | -1.85 | -23.89 | 32.87 | -27.79 | -32.67 | -31.71 | -119.63 | -129.88 | 129.27 | 310.06 | 2215.69 | 21.55 | 10.29 | 26.47 |
| 23Q4 (17) | 0.01 | -95.65 | -98.75 | 28.51 | 3.94 | -29.31 | 7.81 | -21.03 | -69.35 | 4.82 | -67.99 | -77.53 | 3.10 | -73.93 | -84.4 | 0.36 | -79.19 | -89.29 | 0.42 | -67.69 | -82.13 | 0.08 | -20.0 | -27.27 | 27.52 | -17.18 | -29.16 | 45.52 | -5.68 | -15.25 | 161.54 | 146.01 | 35.97 | -61.54 | -279.23 | -227.23 | 19.54 | 20.92 | 34.76 |
| 23Q3 (16) | 0.23 | -25.81 | -82.31 | 27.43 | -23.95 | -30.47 | 9.89 | -39.36 | -59.4 | 15.06 | -16.19 | -60.69 | 11.89 | -14.28 | -58.43 | 1.73 | -9.42 | -68.26 | 1.30 | -7.8 | -62.86 | 0.10 | 11.11 | -16.67 | 33.23 | -8.31 | -35.43 | 48.26 | -16.92 | -16.39 | 65.66 | -27.69 | 3.33 | 34.34 | 273.61 | -5.61 | 16.16 | -11.35 | -2.36 |
| 23Q2 (15) | 0.31 | -38.0 | -69.0 | 36.07 | -1.39 | -10.07 | 16.31 | -15.32 | -40.15 | 17.97 | -1.05 | -34.63 | 13.87 | 0.43 | -39.3 | 1.91 | -3.05 | -52.72 | 1.41 | -4.73 | -46.79 | 0.09 | 0.0 | -18.18 | 36.24 | 2.11 | -14.71 | 58.09 | 18.99 | -17.36 | 90.81 | -14.42 | -8.33 | 9.19 | 250.42 | 884.52 | 18.23 | 6.98 | 13.51 |
| 23Q1 (14) | 0.50 | -37.5 | -44.44 | 36.58 | -9.3 | -15.56 | 19.26 | -24.41 | -32.02 | 18.16 | -15.34 | -37.1 | 13.81 | -30.5 | -39.9 | 1.97 | -41.37 | -51.36 | 1.48 | -37.02 | -44.36 | 0.09 | -18.18 | -18.18 | 35.49 | -8.65 | -16.67 | 48.82 | -9.1 | -18.31 | 106.11 | -10.69 | 8.21 | -6.11 | 67.51 | -434.9 | 17.04 | 17.52 | 8.47 |
| 22Q4 (13) | 0.80 | -38.46 | 14.29 | 40.33 | 2.23 | 3.15 | 25.48 | 4.6 | 23.51 | 21.45 | -44.01 | 5.1 | 19.87 | -30.52 | 4.3 | 3.36 | -38.35 | -7.18 | 2.35 | -32.86 | 3.52 | 0.11 | -8.33 | 0.0 | 38.85 | -24.5 | 14.4 | 53.71 | -6.95 | -16.08 | 118.81 | 86.96 | 17.63 | -18.81 | -151.7 | -1777.46 | 14.50 | -12.39 | -18.22 |
| 22Q3 (12) | 1.30 | 30.0 | 113.11 | 39.45 | -1.65 | -0.03 | 24.36 | -10.61 | 6.33 | 38.31 | 39.36 | 76.38 | 28.60 | 25.16 | 68.53 | 5.45 | 34.9 | 69.78 | 3.50 | 32.08 | 77.66 | 0.12 | 9.09 | 9.09 | 51.46 | 21.11 | 40.18 | 57.72 | -17.88 | -23.78 | 63.55 | -35.86 | -39.73 | 36.38 | 3796.95 | 770.05 | 16.55 | 3.05 | 1.6 |
| 22Q2 (11) | 1.00 | 11.11 | 122.22 | 40.11 | -7.41 | 24.14 | 27.25 | -3.81 | 44.18 | 27.49 | -4.78 | 61.99 | 22.85 | -0.57 | 70.14 | 4.04 | -0.25 | 62.9 | 2.65 | -0.38 | 72.08 | 0.11 | 0.0 | 10.0 | 42.49 | -0.23 | 32.2 | 70.29 | 17.62 | -9.77 | 99.07 | 1.02 | -11.07 | 0.93 | -48.83 | 108.19 | 16.06 | 2.23 | 0.82 |
| 22Q1 (10) | 0.90 | 28.57 | 210.34 | 43.32 | 10.79 | 57.47 | 28.33 | 37.32 | 108.0 | 28.87 | 41.45 | 138.6 | 22.98 | 20.63 | 159.95 | 4.05 | 11.88 | 162.99 | 2.66 | 17.18 | 166.0 | 0.11 | 0.0 | 10.0 | 42.59 | 25.41 | 50.44 | 59.76 | -6.63 | -25.76 | 98.06 | -2.91 | -12.9 | 1.82 | 282.14 | 114.49 | 15.71 | -11.39 | -7.26 |
| 21Q4 (9) | 0.70 | 14.75 | 268.42 | 39.10 | -0.91 | 45.52 | 20.63 | -9.95 | 175.8 | 20.41 | -6.03 | 150.43 | 19.05 | 12.26 | 202.38 | 3.62 | 12.77 | 277.08 | 2.27 | 15.23 | 278.33 | 0.11 | 0.0 | 37.5 | 33.96 | -7.49 | 35.84 | 64.00 | -15.49 | -19.98 | 101.00 | -4.2 | 9.99 | -1.00 | 81.55 | -112.25 | 17.73 | 8.84 | -6.88 |
| 21Q3 (8) | 0.61 | 35.56 | 84.85 | 39.46 | 22.13 | 52.59 | 22.91 | 21.22 | 183.89 | 21.72 | 27.99 | -2.6 | 16.97 | 26.36 | 1.37 | 3.21 | 29.44 | 26.38 | 1.97 | 27.92 | 25.48 | 0.11 | 10.0 | 37.5 | 36.71 | 14.22 | -9.16 | 75.73 | -2.79 | -5.51 | 105.43 | -5.36 | 191.85 | -5.43 | 52.38 | -108.5 | 16.29 | 2.26 | -16.93 |
| 21Q2 (7) | 0.45 | 55.17 | 50.0 | 32.31 | 17.45 | 1.35 | 18.90 | 38.77 | 19.09 | 16.97 | 40.25 | 27.21 | 13.43 | 51.92 | 33.9 | 2.48 | 61.04 | 66.44 | 1.54 | 54.0 | 50.98 | 0.10 | 0.0 | 25.0 | 32.14 | 13.53 | 3.11 | 77.90 | -3.23 | -9.95 | 111.40 | -1.06 | -6.35 | -11.40 | 9.44 | 39.84 | 15.93 | -5.96 | 0 |
| 21Q1 (6) | 0.29 | 52.63 | 45.0 | 27.51 | 2.38 | 15.98 | 13.62 | 82.09 | 66.91 | 12.10 | 48.47 | 98.04 | 8.84 | 40.32 | 127.84 | 1.54 | 60.42 | 196.15 | 1.00 | 66.67 | 92.31 | 0.10 | 25.0 | 25.0 | 28.31 | 13.24 | 10.76 | 80.50 | 0.65 | 11.54 | 112.59 | 22.62 | -15.36 | -12.59 | -253.98 | 62.93 | 16.94 | -11.03 | -10.28 |
| 20Q4 (5) | 0.19 | -42.42 | 46.15 | 26.87 | 3.91 | 23.09 | 7.48 | -7.31 | 39.29 | 8.15 | -63.45 | 69.09 | 6.30 | -62.37 | 41.89 | 0.96 | -62.2 | 60.0 | 0.60 | -61.78 | 33.33 | 0.08 | 0.0 | 0.0 | 25.00 | -38.13 | 16.71 | 79.98 | -0.21 | 11.74 | 91.82 | 154.19 | -17.94 | 8.18 | -87.2 | 168.68 | 19.04 | -2.91 | -7.12 |
| 20Q3 (4) | 0.33 | 10.0 | 0.0 | 25.86 | -18.88 | 0.0 | 8.07 | -49.15 | 0.0 | 22.30 | 67.17 | 0.0 | 16.74 | 66.9 | 0.0 | 2.54 | 70.47 | 0.0 | 1.57 | 53.92 | 0.0 | 0.08 | 0.0 | 0.0 | 40.41 | 29.64 | 0.0 | 80.15 | -7.35 | 0.0 | 36.12 | -69.63 | 0.0 | 63.88 | 437.05 | 0.0 | 19.61 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 50.0 | 0.0 | 31.88 | 34.4 | 0.0 | 15.87 | 94.49 | 0.0 | 13.34 | 118.33 | 0.0 | 10.03 | 158.51 | 0.0 | 1.49 | 186.54 | 0.0 | 1.02 | 96.15 | 0.0 | 0.08 | 0.0 | 0.0 | 31.17 | 21.95 | 0.0 | 86.51 | 19.87 | 0.0 | 118.95 | -10.58 | 0.0 | -18.95 | 44.2 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.20 | 53.85 | 0.0 | 23.72 | 8.66 | 0.0 | 8.16 | 51.96 | 0.0 | 6.11 | 26.76 | 0.0 | 3.88 | -12.61 | 0.0 | 0.52 | -13.33 | 0.0 | 0.52 | 15.56 | 0.0 | 0.08 | 0.0 | 0.0 | 25.56 | 19.33 | 0.0 | 72.17 | 0.82 | 0.0 | 133.02 | 18.87 | 0.0 | -33.96 | -185.28 | 0.0 | 18.88 | -7.9 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 21.83 | 0.0 | 0.0 | 5.37 | 0.0 | 0.0 | 4.82 | 0.0 | 0.0 | 4.44 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 21.42 | 0.0 | 0.0 | 71.58 | 0.0 | 0.0 | 111.90 | 0.0 | 0.0 | -11.90 | 0.0 | 0.0 | 20.50 | 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) | 1.05 | -73.75 | 32.31 | -20.73 | 13.59 | -48.33 | 16.45 | 30.1 | 14.44 | -50.62 | 11.03 | -53.44 | 6.01 | -64.58 | 4.71 | -58.86 | 0.36 | -20.0 | 33.39 | -24.17 | 45.52 | -15.25 | 94.14 | 4.65 | 5.86 | -41.8 | 0.18 | -6.71 | 17.65 | 12.28 |
| 2022 (9) | 4.00 | 98.02 | 40.76 | 16.49 | 26.30 | 36.69 | 12.64 | -3.07 | 29.24 | 61.82 | 23.69 | 58.89 | 16.97 | 63.65 | 11.45 | 72.7 | 0.45 | 9.76 | 44.03 | 33.55 | 53.71 | -16.08 | 89.96 | -15.51 | 10.06 | 0 | 0.19 | 8.68 | 15.72 | -6.21 |
| 2021 (8) | 2.02 | 98.04 | 34.99 | 28.92 | 19.24 | 94.54 | 13.05 | -14.92 | 18.07 | 43.98 | 14.91 | 60.15 | 10.37 | 95.29 | 6.63 | 80.16 | 0.41 | 28.12 | 32.97 | 7.85 | 64.00 | -19.98 | 106.47 | 35.2 | -6.47 | 0 | 0.18 | -19.08 | 16.76 | -12.39 |
| 2020 (7) | 1.02 | -57.68 | 27.14 | -21.74 | 9.89 | -41.82 | 15.33 | 24.69 | 12.55 | -37.84 | 9.31 | -45.71 | 5.31 | -47.94 | 3.68 | -45.8 | 0.32 | -13.51 | 30.57 | -10.64 | 79.98 | 11.74 | 78.76 | -6.46 | 21.14 | 33.73 | 0.22 | 97.14 | 19.13 | 4.94 |
| 2019 (6) | 2.41 | -36.58 | 34.68 | -6.52 | 17.00 | -30.1 | 12.30 | 30.1 | 20.19 | -21.8 | 17.15 | -30.59 | 10.20 | -49.15 | 6.79 | -49.06 | 0.37 | -28.85 | 34.21 | -6.58 | 71.58 | 38.27 | 84.19 | -10.65 | 15.81 | 174.13 | 0.11 | 212.51 | 18.23 | 18.92 |
| 2018 (5) | 3.80 | 467.16 | 37.10 | 54.71 | 24.32 | 145.41 | 9.45 | -31.12 | 25.82 | 247.04 | 24.71 | 245.11 | 20.06 | 230.48 | 13.33 | 227.52 | 0.52 | 18.18 | 36.62 | 53.74 | 51.77 | -17.43 | 94.23 | -29.32 | 5.77 | 0 | 0.04 | 0 | 15.33 | -3.22 |
| 2017 (4) | 0.67 | 0 | 23.98 | 236.33 | 9.91 | 0 | 13.72 | -17.84 | 7.44 | 0 | 7.16 | 0 | 6.07 | 0 | 4.07 | 0 | 0.44 | 15.79 | 23.82 | 0 | 62.70 | -58.08 | 133.33 | 314.35 | -33.33 | 0 | 0.00 | 0 | 15.84 | -10.05 |
| 2016 (3) | -3.55 | 0 | 7.13 | -63.73 | -8.78 | 0 | 16.70 | -6.62 | -27.28 | 0 | -27.22 | 0 | -24.96 | 0 | -9.15 | 0 | 0.38 | 11.76 | -6.28 | 0 | 149.58 | 9.36 | 32.18 | 0 | 67.82 | -97.19 | 0.00 | 0 | 17.61 | 10.41 |
| 2015 (2) | 0.07 | 0 | 19.66 | 265.43 | 3.45 | 0 | 17.88 | 6.49 | -0.15 | 0 | -0.56 | 0 | -0.45 | 0 | 0.94 | 0 | 0.34 | 0.0 | 22.32 | 215.7 | 136.78 | -5.38 | -2312.50 | 0 | 2412.50 | 11153.68 | 0.00 | 0 | 15.95 | -2.33 |
| 2014 (1) | -2.15 | 0 | 5.38 | 0 | -11.00 | 0 | 16.79 | -9.18 | -14.01 | 0 | -14.25 | 0 | -12.21 | 0 | -3.83 | 0 | 0.34 | 9.68 | 7.07 | -38.31 | 144.56 | -5.86 | 78.56 | 10.24 | 21.44 | -25.82 | 0.00 | 0 | 16.33 | -6.2 |
