- 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) | 0.05 | -83.33 | -86.49 | 17.75 | -11.07 | 68.25 | -0.62 | -105.09 | -117.56 | 4.19 | -83.83 | -79.43 | 3.38 | -81.62 | -79.12 | 0.19 | -82.08 | -86.23 | 0.22 | -71.05 | -76.34 | 0.04 | 0.0 | -20.0 | 15.69 | -56.92 | -42.46 | 51.94 | -14.56 | -10.56 | -16.67 | -135.0 | -197.92 | 116.67 | 122.73 | 40.6 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.30 | -37.5 | -60.53 | 19.96 | 23.44 | -8.36 | 12.19 | 39.79 | -33.21 | 25.92 | -13.4 | 31.91 | 18.39 | -23.25 | 12.61 | 1.06 | -39.08 | -62.41 | 0.76 | -36.13 | -57.54 | 0.04 | -20.0 | -63.64 | 36.42 | -3.19 | 60.44 | 60.79 | 0.51 | -12.24 | 47.62 | 61.38 | -48.46 | 52.38 | -25.69 | 588.44 | 15.68 | -2.0 | 130.25 |
| 24Q1 (18) | 0.48 | 0 | 242.86 | 16.17 | -29.76 | 6.17 | 8.72 | -40.03 | 32.72 | 29.93 | 509.57 | 166.76 | 23.96 | 15873.33 | 169.52 | 1.74 | 17300.0 | 241.18 | 1.19 | 1090.0 | 205.13 | 0.05 | 0.0 | 25.0 | 37.62 | 202.41 | 82.18 | 60.48 | 12.48 | 1.73 | 29.51 | -89.86 | -49.84 | 70.49 | 136.92 | 71.19 | 16.00 | 9.29 | -15.48 |
| 23Q4 (17) | 0.00 | -100.0 | -100.0 | 23.02 | 118.2 | 31.39 | 14.54 | 311.9 | 12.45 | 4.91 | -75.9 | -26.39 | 0.15 | -99.07 | -97.24 | 0.01 | -99.28 | -98.04 | 0.10 | -89.25 | -73.68 | 0.05 | 0.0 | -16.67 | 12.44 | -54.38 | 4.1 | 53.77 | -7.4 | -10.62 | 290.91 | 1609.09 | 54.55 | -190.91 | -330.07 | -102.84 | 14.64 | 44.09 | 10.57 |
| 23Q3 (16) | 0.37 | -51.32 | -13.95 | 10.55 | -51.56 | -35.16 | 3.53 | -80.66 | -56.15 | 20.37 | 3.66 | -28.93 | 16.19 | -0.86 | -28.93 | 1.38 | -51.06 | -15.34 | 0.93 | -48.04 | -13.08 | 0.05 | -54.55 | 0.0 | 27.27 | 20.13 | -20.29 | 58.07 | -16.17 | 7.58 | 17.02 | -81.58 | -38.72 | 82.98 | 990.58 | 14.89 | 10.16 | 49.19 | -32.98 |
| 23Q2 (15) | 0.76 | 442.86 | 347.06 | 21.78 | 43.01 | 42.45 | 18.25 | 177.78 | 134.88 | 19.65 | 75.13 | 23.2 | 16.33 | 83.69 | 57.93 | 2.82 | 452.94 | 340.62 | 1.79 | 358.97 | 316.28 | 0.11 | 175.0 | 175.0 | 22.70 | 9.93 | -0.22 | 69.27 | 16.52 | 19.89 | 92.39 | 57.07 | 91.89 | 7.61 | -81.52 | -85.33 | 6.81 | -64.03 | -59.89 |
| 23Q1 (14) | 0.14 | 0.0 | -87.16 | 15.23 | -13.07 | -9.4 | 6.57 | -49.19 | -53.7 | 11.22 | 68.22 | -40.51 | 8.89 | 63.42 | -40.89 | 0.51 | 0.0 | -87.71 | 0.39 | 2.63 | -85.06 | 0.04 | -33.33 | -76.47 | 20.65 | 72.8 | 2.99 | 59.45 | -1.18 | -10.13 | 58.82 | -68.75 | -21.76 | 41.18 | 143.75 | 65.92 | 18.93 | 42.98 | 308.86 |
| 22Q4 (13) | 0.14 | -67.44 | 0.0 | 17.52 | 7.68 | 24.43 | 12.93 | 60.62 | 86.04 | 6.67 | -76.73 | -32.15 | 5.44 | -76.12 | -29.26 | 0.51 | -68.71 | -5.56 | 0.38 | -64.49 | -2.56 | 0.06 | 20.0 | 20.0 | 11.95 | -65.07 | -13.97 | 60.16 | 11.45 | 8.71 | 188.24 | 577.65 | 182.35 | -94.12 | -230.32 | -438.82 | 13.24 | -12.66 | -10.78 |
| 22Q3 (12) | 0.43 | 152.94 | 126.32 | 16.27 | 6.41 | -2.4 | 8.05 | 3.6 | -21.92 | 28.66 | 79.69 | 113.72 | 22.78 | 120.31 | 151.43 | 1.63 | 154.69 | 126.39 | 1.07 | 148.84 | 109.8 | 0.05 | 25.0 | 0.0 | 34.21 | 50.37 | 107.33 | 53.98 | -6.58 | 7.32 | 27.78 | -42.31 | -62.96 | 72.22 | 39.29 | 237.04 | 15.16 | -10.72 | 17.61 |
| 22Q2 (11) | 0.17 | -84.4 | -75.36 | 15.29 | -9.04 | -7.67 | 7.77 | -45.24 | -45.66 | 15.95 | -15.43 | 24.41 | 10.34 | -31.25 | 1.17 | 0.64 | -84.58 | -76.3 | 0.43 | -83.52 | -75.71 | 0.04 | -76.47 | -76.47 | 22.75 | 13.47 | 64.14 | 57.78 | -12.65 | 18.38 | 48.15 | -35.96 | -56.82 | 51.85 | 108.93 | 551.11 | 16.98 | 266.74 | 274.83 |
| 22Q1 (10) | 1.09 | 678.57 | 373.91 | 16.81 | 19.39 | -26.17 | 14.19 | 104.17 | -8.27 | 18.86 | 91.86 | 13.27 | 15.04 | 95.58 | 12.49 | 4.15 | 668.52 | 351.09 | 2.61 | 569.23 | 327.87 | 0.17 | 240.0 | 325.0 | 20.05 | 44.35 | -6.26 | 66.15 | 19.53 | 3.01 | 75.18 | 12.77 | -19.25 | 24.82 | -10.66 | 259.85 | 4.63 | -68.8 | -69.38 |
| 21Q4 (9) | 0.14 | -26.32 | 7.69 | 14.08 | -15.54 | -10.83 | 6.95 | -32.59 | -4.79 | 9.83 | -26.7 | 6.04 | 7.69 | -15.12 | -2.04 | 0.54 | -25.0 | 1.89 | 0.39 | -23.53 | 2.63 | 0.05 | 0.0 | 25.0 | 13.89 | -15.82 | -1.63 | 55.34 | 10.02 | -13.18 | 66.67 | -11.11 | -11.11 | 27.78 | 29.63 | 48.15 | 14.84 | 15.13 | -3.13 |
| 21Q3 (8) | 0.19 | -72.46 | 58.33 | 16.67 | 0.66 | 33.79 | 10.31 | -27.9 | 78.37 | 13.41 | 4.6 | 70.61 | 9.06 | -11.35 | 46.13 | 0.72 | -73.33 | 50.0 | 0.51 | -71.19 | 50.0 | 0.05 | -70.59 | 0.0 | 16.50 | 19.05 | 38.42 | 50.30 | 3.05 | -15.84 | 75.00 | -32.73 | 2.27 | 21.43 | 286.43 | -19.64 | 12.89 | 184.55 | -5.84 |
| 21Q2 (7) | 0.69 | 200.0 | -4.17 | 16.56 | -27.27 | -8.2 | 14.30 | -7.56 | -6.29 | 12.82 | -23.0 | -10.54 | 10.22 | -23.56 | -5.28 | 2.70 | 193.48 | 0.0 | 1.77 | 190.16 | 0.57 | 0.17 | 325.0 | 6.25 | 13.86 | -35.2 | -11.44 | 48.81 | -24.0 | -23.87 | 111.49 | 19.75 | 4.45 | -11.49 | -266.67 | -70.5 | 4.53 | -70.04 | 0 |
| 21Q1 (6) | 0.23 | 76.92 | 15.0 | 22.77 | 44.21 | 47.57 | 15.47 | 111.92 | 70.94 | 16.65 | 79.61 | 49.46 | 13.37 | 70.32 | 51.42 | 0.92 | 73.58 | 21.05 | 0.61 | 60.53 | 8.93 | 0.04 | 0.0 | -33.33 | 21.39 | 51.49 | 45.61 | 64.22 | 0.75 | 28.21 | 93.10 | 24.14 | 12.7 | 6.90 | -63.22 | -60.34 | 15.12 | -1.31 | 16.22 |
| 20Q4 (5) | 0.13 | 8.33 | -62.86 | 15.79 | 26.73 | -13.34 | 7.30 | 26.3 | -38.96 | 9.27 | 17.94 | 2.09 | 7.85 | 26.61 | -26.64 | 0.53 | 10.42 | -61.03 | 0.38 | 11.76 | -62.0 | 0.04 | -20.0 | -55.56 | 14.12 | 18.46 | 20.79 | 63.74 | 6.64 | 46.23 | 75.00 | 2.27 | -43.24 | 18.75 | -29.69 | 158.33 | 15.32 | 11.91 | 45.77 |
| 20Q3 (4) | 0.12 | -83.33 | 0.0 | 12.46 | -30.93 | 0.0 | 5.78 | -62.12 | 0.0 | 7.86 | -45.15 | 0.0 | 6.20 | -42.54 | 0.0 | 0.48 | -82.22 | 0.0 | 0.34 | -80.68 | 0.0 | 0.05 | -68.75 | 0.0 | 11.92 | -23.83 | 0.0 | 59.77 | -6.77 | 0.0 | 73.33 | -31.3 | 0.0 | 26.67 | 495.56 | 0.0 | 13.69 | 0 | 0.0 |
| 20Q2 (3) | 0.72 | 260.0 | 0.0 | 18.04 | 16.92 | 0.0 | 15.26 | 68.62 | 0.0 | 14.33 | 28.64 | 0.0 | 10.79 | 22.2 | 0.0 | 2.70 | 255.26 | 0.0 | 1.76 | 214.29 | 0.0 | 0.16 | 166.67 | 0.0 | 15.65 | 6.54 | 0.0 | 64.11 | 27.99 | 0.0 | 106.74 | 29.21 | 0.0 | -6.74 | -138.76 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.20 | -42.86 | 0.0 | 15.43 | -15.31 | 0.0 | 9.05 | -24.33 | 0.0 | 11.14 | 22.69 | 0.0 | 8.83 | -17.48 | 0.0 | 0.76 | -44.12 | 0.0 | 0.56 | -44.0 | 0.0 | 0.06 | -33.33 | 0.0 | 14.69 | 25.66 | 0.0 | 50.09 | 14.91 | 0.0 | 82.61 | -37.49 | 0.0 | 17.39 | 154.11 | 0.0 | 13.01 | 23.79 | 0.0 |
| 19Q4 (1) | 0.35 | 0.0 | 0.0 | 18.22 | 0.0 | 0.0 | 11.96 | 0.0 | 0.0 | 9.08 | 0.0 | 0.0 | 10.70 | 0.0 | 0.0 | 1.36 | 0.0 | 0.0 | 1.00 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 11.69 | 0.0 | 0.0 | 43.59 | 0.0 | 0.0 | 132.14 | 0.0 | 0.0 | -32.14 | 0.0 | 0.0 | 10.51 | 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) | 1.27 | -30.6 | 18.65 | 11.81 | 12.62 | 2.77 | 4.11 | 56.7 | 15.59 | -11.42 | 11.93 | -13.24 | 4.69 | -32.71 | 3.31 | -27.57 | 0.25 | -21.88 | 21.29 | 2.26 | 53.77 | -10.62 | 80.84 | 15.84 | 19.16 | -36.58 | 0.00 | 0 | 10.88 | 17.12 |
| 2022 (9) | 1.83 | 47.58 | 16.68 | -2.34 | 12.28 | -3.53 | 2.62 | 62.15 | 17.60 | 35.18 | 13.75 | 36.14 | 6.97 | 41.96 | 4.57 | 41.49 | 0.32 | 6.67 | 20.82 | 36.26 | 60.16 | 8.71 | 69.79 | -28.43 | 30.21 | 1116.06 | 0.00 | 0 | 9.29 | 4.38 |
| 2021 (8) | 1.24 | 12.73 | 17.08 | 4.4 | 12.73 | 10.79 | 1.62 | -16.07 | 13.02 | 8.5 | 10.10 | 8.84 | 4.91 | 9.84 | 3.23 | 4.53 | 0.30 | -3.23 | 15.28 | 4.23 | 55.34 | -13.18 | 97.52 | 1.79 | 2.48 | -40.79 | 0.00 | 0 | 8.90 | -4.4 |
| 2020 (7) | 1.10 | -45.0 | 16.36 | -8.24 | 11.49 | -15.08 | 1.93 | 19.51 | 12.00 | -15.85 | 9.28 | -22.41 | 4.47 | -42.69 | 3.09 | -45.02 | 0.31 | -32.61 | 14.66 | -10.12 | 63.74 | 46.23 | 95.80 | 0.82 | 4.20 | -15.7 | 0.00 | 0 | 9.31 | 21.22 |
| 2019 (6) | 2.00 | 117.39 | 17.83 | 29.67 | 13.53 | 78.03 | 1.61 | -29.69 | 14.26 | 29.52 | 11.96 | 27.91 | 7.80 | 107.45 | 5.62 | 94.46 | 0.46 | 53.33 | 16.31 | 19.49 | 43.59 | 3.44 | 95.02 | 37.1 | 4.98 | -83.78 | 0.00 | 0 | 7.68 | -32.63 |
| 2018 (5) | 0.92 | 170.59 | 13.75 | 7.76 | 7.60 | 66.3 | 2.29 | 17.35 | 11.01 | 121.98 | 9.35 | 142.86 | 3.76 | 168.57 | 2.89 | 149.14 | 0.30 | 3.45 | 13.65 | 92.8 | 42.14 | 64.93 | 69.31 | -23.2 | 30.69 | 319.47 | 0.00 | 0 | 11.40 | 4.01 |
| 2017 (4) | 0.34 | 385.71 | 12.76 | 19.92 | 4.57 | 40.62 | 1.95 | 1.2 | 4.96 | 64.78 | 3.85 | 387.34 | 1.40 | 418.52 | 1.16 | 346.15 | 0.29 | 7.41 | 7.08 | 37.48 | 25.55 | 2.4 | 90.24 | -16.98 | 7.32 | 0 | 0.00 | 0 | 10.96 | -8.59 |
| 2016 (3) | 0.07 | -98.31 | 10.64 | 53.09 | 3.25 | 1254.17 | 1.93 | -50.92 | 3.01 | -89.13 | 0.79 | -96.94 | 0.27 | -97.97 | 0.26 | -97.46 | 0.27 | -30.77 | 5.15 | -83.86 | 24.95 | -10.61 | 108.70 | 11385.51 | -8.70 | 0 | 0.00 | 0 | 11.99 | 11.12 |
| 2015 (2) | 4.14 | 298.08 | 6.95 | -46.87 | 0.24 | -96.27 | 3.93 | -57.46 | 27.69 | 180.83 | 25.82 | 224.37 | 13.29 | 273.31 | 10.22 | 263.7 | 0.39 | 14.71 | 31.91 | 63.98 | 27.91 | -20.01 | 0.95 | -98.55 | 99.05 | 184.78 | 0.00 | 0 | 10.79 | -3.05 |
| 2014 (1) | 1.04 | 0 | 13.08 | 0 | 6.44 | 0 | 9.25 | -59.01 | 9.86 | 0 | 7.96 | 0 | 3.56 | 0 | 2.81 | 0 | 0.34 | 88.89 | 19.46 | 0 | 34.89 | 26.64 | 65.22 | -43.45 | 34.78 | 0 | 0.00 | 0 | 11.13 | -41.73 |
