- 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) | 0.17 | -87.77 | -67.92 | 10.71 | -41.38 | -65.49 | 2.08 | -80.74 | -89.2 | 2.91 | -73.85 | -84.38 | 2.22 | -74.97 | -85.58 | 0.90 | -85.87 | -67.51 | 0.14 | -86.27 | -64.1 | 0.06 | -50.0 | 100.0 | 3.28 | -71.08 | -82.86 | 564.46 | 4.38 | -7.91 | 71.05 | -26.71 | -31.82 | 28.95 | 848.03 | 1016.67 | 1.25 | -22.36 | -67.7 |
| 24Q2 (19) | 1.39 | 59.77 | 1290.0 | 18.27 | -28.66 | -15.88 | 10.80 | -36.25 | 48.35 | 11.13 | -33.79 | 18.4 | 8.87 | -34.05 | 25.46 | 6.37 | 59.65 | 1149.02 | 1.02 | 56.92 | 1175.0 | 0.12 | 140.0 | 1100.0 | 11.34 | -34.26 | 4.52 | 540.77 | 6.67 | -10.18 | 96.95 | -3.64 | 29.26 | 3.05 | 597.71 | -87.79 | 1.61 | -41.24 | -71.55 |
| 24Q1 (18) | 0.87 | -58.77 | 278.26 | 25.61 | 10.06 | -11.32 | 16.94 | 12.78 | 22.13 | 16.81 | 10.74 | 19.64 | 13.45 | 11.34 | 19.24 | 3.99 | -61.71 | 250.0 | 0.65 | -58.6 | 242.11 | 0.05 | -61.54 | 150.0 | 17.25 | 12.75 | 14.54 | 506.97 | -2.43 | 0.4 | 100.61 | 1.63 | 2.95 | -0.61 | -161.04 | -126.99 | 2.74 | -9.87 | -47.91 |
| 23Q4 (17) | 2.11 | 298.11 | -27.99 | 23.27 | -25.01 | -18.09 | 15.02 | -22.01 | -26.87 | 15.18 | -18.52 | -26.42 | 12.08 | -21.51 | -30.29 | 10.42 | 276.17 | -30.21 | 1.57 | 302.56 | -33.47 | 0.13 | 333.33 | -7.14 | 15.30 | -20.06 | -26.19 | 519.60 | -15.23 | 7.87 | 98.99 | -5.0 | -0.42 | 1.01 | 131.83 | 156.28 | 3.04 | -21.45 | 23.08 |
| 23Q3 (16) | 0.53 | 430.0 | 453.33 | 31.03 | 42.86 | 458.09 | 19.26 | 164.56 | 115.91 | 18.63 | 98.19 | 115.49 | 15.39 | 117.68 | 112.56 | 2.77 | 443.14 | 422.09 | 0.39 | 387.5 | 400.0 | 0.03 | 200.0 | 0 | 19.14 | 76.41 | 118.18 | 612.97 | 1.81 | 3.01 | 104.21 | 38.95 | -0.32 | -3.16 | -112.63 | 0 | 3.87 | -31.63 | -92.52 |
| 23Q2 (15) | 0.10 | -56.52 | 133.33 | 21.72 | -24.79 | -30.74 | 7.28 | -47.51 | 100.21 | 9.40 | -33.1 | 100.28 | 7.07 | -37.32 | 100.2 | 0.51 | -55.26 | 131.68 | 0.08 | -57.89 | 129.63 | 0.01 | -50.0 | 0 | 10.85 | -27.95 | 100.26 | 602.09 | 19.24 | 8.06 | 75.00 | -23.26 | -26.7 | 25.00 | 1000.0 | 1175.0 | 5.66 | 7.6 | -99.66 |
| 23Q1 (14) | 0.23 | -92.15 | 195.83 | 28.88 | 1.65 | 136.33 | 13.87 | -32.47 | 100.64 | 14.05 | -31.9 | 100.65 | 11.28 | -34.91 | 100.52 | 1.14 | -92.36 | 201.79 | 0.19 | -91.95 | 195.0 | 0.02 | -85.71 | 0 | 15.06 | -27.35 | 100.97 | 504.94 | 4.83 | 9.58 | 97.73 | -1.69 | -2.27 | 2.27 | 479.55 | 0 | 5.26 | 112.96 | -99.67 |
| 22Q4 (13) | 2.93 | 2053.33 | 3355.56 | 28.41 | 410.97 | -96.89 | 20.54 | 116.97 | 105.07 | 20.63 | 117.15 | 104.57 | 17.33 | 114.14 | 104.09 | 14.93 | 1836.05 | 3654.76 | 2.36 | 1915.38 | 3471.43 | 0.14 | 0 | 0 | 20.73 | 119.69 | 106.91 | 481.67 | -19.06 | 8.57 | 99.41 | -4.91 | 7.7 | 0.39 | 0 | -94.9 | 2.47 | -95.22 | -99.7 |
| 22Q3 (12) | -0.15 | 50.0 | -25.0 | 5.56 | -82.27 | -70.77 | -121.03 | 96.52 | -690.01 | -120.28 | 96.47 | -694.45 | -122.56 | 96.57 | -465.57 | -0.86 | 46.58 | -53.57 | -0.13 | 51.85 | -18.18 | 0.00 | 0 | -100.0 | -105.26 | 97.43 | -765.63 | 595.06 | 6.8 | 48.35 | 104.55 | 2.17 | 4.55 | -0.00 | 100.0 | 0 | 51.72 | -96.88 | 310.15 |
| 22Q2 (11) | -0.30 | -25.0 | -119.11 | 31.36 | 156.63 | 69.15 | -3481.56 | -59.57 | -24879.79 | -3409.77 | -57.75 | -24368.83 | -3568.56 | -64.56 | -34183.67 | -1.61 | -43.75 | -122.74 | -0.27 | -35.0 | -119.57 | 0.00 | 0 | -100.0 | -4100.00 | -164.52 | -28912.37 | 557.16 | 20.91 | 39.67 | 102.33 | 2.33 | 2.33 | -2.33 | 0 | 0 | 1660.05 | 3.27 | 89150.0 |
| 22Q1 (10) | -0.24 | -166.67 | -112.77 | 12.22 | -98.66 | -43.19 | -2181.81 | -438.52 | -13979.2 | -2161.55 | -379.31 | -13737.54 | -2168.59 | -411.34 | -17393.38 | -1.12 | -166.67 | -112.53 | -0.20 | -185.71 | -112.58 | 0.00 | 0 | -100.0 | -1550.00 | -416.67 | -9793.56 | 460.81 | 3.87 | 6.49 | 100.00 | 8.33 | 0.65 | -0.00 | -100.0 | -100.0 | 1607.50 | 93.44 | 80275.0 |
| 21Q4 (9) | -0.09 | 25.0 | -105.14 | 914.01 | 4705.52 | 3502.72 | -405.15 | -2544.58 | -2428.45 | -450.97 | -2878.67 | -2663.79 | -424.10 | -1857.08 | -3118.51 | -0.42 | 25.0 | -105.46 | -0.07 | 36.36 | -105.38 | 0.00 | -100.0 | -100.0 | -300.00 | -2367.11 | -1786.34 | 443.63 | 10.6 | -11.12 | 92.31 | -7.69 | -6.92 | 7.69 | 0 | 520.51 | 831.02 | 6490.17 | 21318.04 |
| 21Q3 (8) | -0.12 | -107.64 | -163.16 | 19.02 | 2.59 | -76.5 | -15.32 | -209.04 | -163.31 | -15.14 | -207.76 | -156.09 | -21.67 | -306.97 | -200.42 | -0.56 | -107.91 | -157.73 | -0.11 | -107.97 | -173.33 | 0.01 | -92.31 | 0.0 | -12.16 | -185.45 | -141.43 | 401.12 | 0.55 | -18.08 | 100.00 | 0.0 | 13.64 | -0.00 | 0 | -100.0 | 12.61 | 577.96 | -31.58 |
| 21Q2 (7) | 1.57 | -16.49 | 647.62 | 18.54 | -13.81 | -32.66 | 14.05 | -10.62 | 25.67 | 14.05 | -11.36 | 21.12 | 10.47 | -16.51 | 40.54 | 7.08 | -20.81 | 515.65 | 1.38 | -13.21 | 557.14 | 0.13 | 0.0 | 333.33 | 14.23 | -11.01 | 6.11 | 398.92 | -7.81 | -39.58 | 100.00 | 0.65 | 3.23 | 0.00 | -100.0 | -100.0 | 1.86 | -7.0 | 0 |
| 21Q1 (6) | 1.88 | 7.43 | 27.89 | 21.51 | -15.21 | -21.92 | 15.72 | -9.66 | -8.6 | 15.85 | -9.89 | -4.69 | 12.54 | -10.75 | -5.57 | 8.94 | 16.25 | 12.88 | 1.59 | 22.31 | -0.63 | 0.13 | 44.44 | 8.33 | 15.99 | -10.12 | -6.98 | 432.72 | -13.31 | 12.58 | 99.35 | 0.18 | -3.77 | 0.65 | -47.79 | 119.96 | 2.00 | -48.45 | -20.63 |
| 20Q4 (5) | 1.75 | 821.05 | -63.16 | 25.37 | -68.65 | -15.66 | 17.40 | -28.1 | -11.94 | 17.59 | -34.83 | -10.44 | 14.05 | -34.89 | -26.98 | 7.69 | 692.78 | -74.91 | 1.30 | 766.67 | -75.97 | 0.09 | 800.0 | -67.86 | 17.79 | -39.39 | -10.69 | 499.13 | 1.93 | 14.92 | 99.17 | 12.7 | -1.44 | 1.24 | -89.67 | 300.41 | 3.88 | -78.95 | 14.79 |
| 20Q3 (4) | 0.19 | -9.52 | 0.0 | 80.92 | 193.93 | 0.0 | 24.20 | 116.46 | 0.0 | 26.99 | 132.67 | 0.0 | 21.58 | 189.66 | 0.0 | 0.97 | -15.65 | 0.0 | 0.15 | -28.57 | 0.0 | 0.01 | -66.67 | 0.0 | 29.35 | 118.87 | 0.0 | 489.67 | -25.83 | 0.0 | 88.00 | -9.16 | 0.0 | 12.00 | 284.0 | 0.0 | 18.43 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | -85.71 | 0.0 | 27.53 | -0.07 | 0.0 | 11.18 | -35.0 | 0.0 | 11.60 | -30.25 | 0.0 | 7.45 | -43.9 | 0.0 | 1.15 | -85.48 | 0.0 | 0.21 | -86.88 | 0.0 | 0.03 | -75.0 | 0.0 | 13.41 | -21.99 | 0.0 | 660.21 | 71.77 | 0.0 | 96.88 | -6.17 | 0.0 | 3.12 | 196.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.47 | -69.05 | 0.0 | 27.55 | -8.41 | 0.0 | 17.20 | -12.96 | 0.0 | 16.63 | -15.33 | 0.0 | 13.28 | -30.98 | 0.0 | 7.92 | -74.16 | 0.0 | 1.60 | -70.43 | 0.0 | 0.12 | -57.14 | 0.0 | 17.19 | -13.7 | 0.0 | 384.35 | -11.5 | 0.0 | 103.24 | 2.61 | 0.0 | -3.24 | -424.32 | 0.0 | 2.52 | -25.44 | 0.0 |
| 19Q4 (1) | 4.75 | 0.0 | 0.0 | 30.08 | 0.0 | 0.0 | 19.76 | 0.0 | 0.0 | 19.64 | 0.0 | 0.0 | 19.24 | 0.0 | 0.0 | 30.65 | 0.0 | 0.0 | 5.41 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 19.92 | 0.0 | 0.0 | 434.31 | 0.0 | 0.0 | 100.62 | 0.0 | 0.0 | -0.62 | 0.0 | 0.0 | 3.38 | 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) | 2.97 | 32.59 | 24.75 | -12.33 | 15.07 | -7.94 | 0.36 | 10.69 | 15.23 | -7.75 | 12.19 | -7.16 | 14.20 | 29.21 | 2.36 | 21.03 | 0.19 | 26.67 | 15.59 | -7.53 | 519.60 | 7.87 | 98.92 | -0.35 | 1.08 | 10.68 | 0.00 | 0 | 3.50 | -24.73 |
| 2022 (9) | 2.24 | -27.27 | 28.23 | 36.71 | 16.37 | 16.76 | 0.32 | 82.37 | 16.51 | 17.51 | 13.13 | 24.22 | 10.99 | -28.26 | 1.95 | -28.04 | 0.15 | -40.0 | 16.86 | 17.57 | 481.67 | 8.57 | 99.27 | -0.37 | 0.97 | 444.04 | 0.00 | 0 | 4.65 | 70.33 |
| 2021 (8) | 3.08 | -10.72 | 20.65 | -26.8 | 14.02 | -17.24 | 0.18 | -37.13 | 14.05 | -17.06 | 10.57 | -20.82 | 15.32 | -11.55 | 2.71 | -11.73 | 0.25 | 8.7 | 14.34 | -18.1 | 443.63 | -11.12 | 99.64 | -0.36 | 0.18 | 0 | 0.00 | 0 | 2.73 | -28.35 |
| 2020 (7) | 3.45 | -18.05 | 28.21 | -2.39 | 16.94 | 6.61 | 0.28 | 11.68 | 16.94 | 9.36 | 13.35 | -11.47 | 17.32 | -33.0 | 3.07 | -45.76 | 0.23 | -36.11 | 17.51 | 6.44 | 499.13 | 14.92 | 100.00 | -2.48 | 0.00 | 0 | 0.00 | 0 | 3.81 | -2.31 |
| 2019 (6) | 4.21 | 0 | 28.90 | 118.77 | 15.89 | 7466.67 | 0.25 | 236.58 | 15.49 | 0 | 15.08 | 0 | 25.85 | 0 | 5.66 | 0 | 0.36 | 44.0 | 16.45 | 5383.33 | 434.31 | 45.13 | 102.55 | 0 | -2.55 | 0 | 0.00 | 0 | 3.90 | 25.81 |
| 2018 (5) | -0.36 | 0 | 13.21 | 14.77 | 0.21 | 0 | 0.07 | -15.8 | -2.45 | 0 | -2.53 | 0 | -2.47 | 0 | -0.10 | 0 | 0.25 | 4.17 | 0.30 | -93.72 | 299.25 | 10.26 | -9.09 | 0 | 109.09 | -41.69 | 0.00 | 0 | 3.10 | 6.16 |
| 2017 (4) | 0.08 | -97.74 | 11.51 | -47.61 | -2.37 | 0 | 0.09 | 100.97 | 2.75 | -79.75 | 0.51 | -95.33 | 0.43 | -97.59 | 0.52 | -90.63 | 0.24 | -50.0 | 4.78 | -66.81 | 271.41 | 24.39 | -87.10 | 0 | 187.10 | 8132.26 | 0.00 | 0 | 2.92 | 12.74 |
| 2016 (3) | 3.54 | -45.03 | 21.97 | -42.74 | 13.27 | -50.02 | 0.04 | -23.91 | 13.58 | -48.97 | 10.91 | -56.11 | 17.86 | -48.96 | 5.55 | -37.92 | 0.48 | 33.33 | 14.40 | -46.25 | 218.20 | -17.12 | 97.73 | -2.06 | 2.27 | 945.45 | 0.00 | 0 | 2.59 | -35.73 |
| 2015 (2) | 6.44 | 92.81 | 38.37 | 24.09 | 26.55 | 28.2 | 0.06 | -34.55 | 26.61 | 27.44 | 24.86 | 29.68 | 34.99 | 78.34 | 8.94 | 78.44 | 0.36 | 38.46 | 26.79 | 27.88 | 263.27 | -20.52 | 99.78 | 0.64 | 0.22 | -74.35 | 0.00 | 0 | 4.03 | 11.02 |
| 2014 (1) | 3.34 | -48.69 | 30.92 | 0 | 20.71 | 0 | 0.09 | 65.78 | 20.88 | 0 | 19.17 | 0 | 19.62 | 0 | 5.01 | 0 | 0.26 | -56.67 | 20.95 | -6.93 | 331.24 | 30.77 | 99.15 | -0.37 | 0.85 | 78.39 | 0.00 | 0 | 3.63 | 54.47 |
