- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | -0.43 | -577.78 | -816.67 | -13.99 | -1572.63 | -137.16 | -222.44 | -39.11 | -699.28 | -138.14 | -677.27 | -1316.02 | -110.71 | -679.33 | -2045.69 | -2.48 | -586.27 | -900.0 | -2.28 | -585.11 | -944.44 | 0.02 | 0.0 | -60.0 | -130.00 | -490.04 | -945.25 | 8.51 | -6.07 | -49.73 | 157.14 | 124.81 | 167.35 | -57.14 | -107.79 | -117.14 | 171.52 | 19.4 | 191.01 |
| 24Q1 (19) | 0.09 | 110.98 | 129.03 | 0.95 | -97.35 | -95.99 | -159.90 | -100.63 | -549.21 | 23.93 | 113.23 | 194.7 | 19.11 | 113.38 | 189.59 | 0.51 | 111.02 | 131.1 | 0.47 | 111.27 | 133.1 | 0.02 | -33.33 | -71.43 | 33.33 | 119.23 | 240.75 | 9.06 | -14.77 | -28.44 | -633.33 | -1525.0 | -803.7 | 733.33 | 1220.0 | 0 | 143.65 | 36.61 | 256.36 |
| 23Q4 (18) | -0.82 | -356.25 | -164.52 | 35.84 | 17.01 | 36.79 | -79.70 | -253.12 | -1679.02 | -180.85 | -857.01 | -1002.74 | -142.85 | -765.04 | -1019.51 | -4.63 | -363.07 | -189.37 | -4.17 | -370.78 | -206.62 | 0.03 | -57.14 | -72.73 | -173.33 | -758.55 | -1112.95 | 10.63 | -5.26 | -40.15 | 44.44 | 144.44 | 48.15 | 55.56 | -72.22 | -20.63 | 105.15 | 111.4 | 238.1 |
| 23Q3 (17) | 0.32 | 433.33 | -13.51 | 30.63 | -18.65 | 39.48 | -22.57 | 18.9 | -169.33 | 23.89 | 110.3 | 25.87 | 21.48 | 277.5 | 41.5 | 1.76 | 467.74 | -8.33 | 1.54 | 470.37 | 4.05 | 0.07 | 40.0 | -30.0 | 26.32 | 71.13 | 27.58 | 11.22 | -33.73 | -32.65 | -100.00 | 57.14 | -140.0 | 200.00 | -40.0 | 41.18 | 49.74 | -15.61 | 77.71 |
| 23Q2 (16) | 0.06 | 119.35 | -84.62 | 37.65 | 58.99 | 22.4 | -27.83 | -12.99 | -589.96 | 11.36 | 144.95 | -35.56 | 5.69 | 126.68 | -54.52 | 0.31 | 118.9 | -83.51 | 0.27 | 119.01 | -80.85 | 0.05 | -28.57 | -54.55 | 15.38 | 164.95 | -22.13 | 16.93 | 33.73 | -60.28 | -233.33 | -359.26 | -753.33 | 333.33 | 0 | 366.67 | 58.94 | 46.22 | 161.26 |
| 23Q1 (15) | -0.31 | 0.0 | -129.52 | 23.68 | -9.62 | -14.94 | -24.63 | -449.78 | -300.08 | -25.27 | -54.09 | -246.75 | -21.33 | -67.16 | -255.81 | -1.64 | -2.5 | -143.39 | -1.42 | -4.41 | -149.82 | 0.07 | -36.36 | -66.67 | -23.68 | -65.71 | -229.05 | 12.66 | -28.72 | -49.7 | 90.00 | 200.0 | 27.89 | -0.00 | -100.0 | -100.0 | 40.31 | 29.61 | 191.05 |
| 22Q4 (14) | -0.31 | -183.78 | -116.67 | 26.20 | 19.31 | -3.96 | -4.48 | 46.54 | -124.14 | -16.40 | -186.41 | -190.16 | -12.76 | -184.06 | -188.37 | -1.60 | -183.33 | -123.02 | -1.36 | -191.89 | -128.75 | 0.11 | 10.0 | -66.67 | -14.29 | -169.27 | -176.42 | 17.76 | 6.6 | -55.99 | 30.00 | 172.0 | -70.61 | 70.00 | -50.59 | 3460.0 | 31.10 | 11.11 | 296.18 |
| 22Q3 (13) | 0.37 | -5.13 | -88.03 | 21.96 | -28.61 | -23.91 | -8.38 | -247.54 | -139.58 | 18.98 | 7.66 | -10.47 | 15.18 | 21.34 | -9.54 | 1.92 | 2.13 | -84.39 | 1.48 | 4.96 | -81.86 | 0.10 | -9.09 | -79.59 | 20.63 | 4.46 | -3.91 | 16.66 | -60.91 | -69.35 | -41.67 | -216.67 | -141.67 | 141.67 | 98.33 | 0 | 27.99 | 24.07 | 276.72 |
| 22Q2 (12) | 0.39 | -62.86 | -84.4 | 30.76 | 10.49 | 7.22 | 5.68 | -53.86 | -70.55 | 17.63 | 2.38 | -1.95 | 12.51 | -8.62 | -13.06 | 1.88 | -50.26 | -79.45 | 1.41 | -50.53 | -77.07 | 0.11 | -47.62 | -74.42 | 19.75 | 7.63 | 7.92 | 42.62 | 69.33 | -9.67 | 35.71 | -49.25 | -66.71 | 71.43 | 141.07 | 1082.14 | 22.56 | 62.89 | 148.73 |
| 22Q1 (11) | 1.05 | -43.55 | -60.38 | 27.84 | 2.05 | -9.96 | 12.31 | -33.67 | -38.02 | 17.22 | -5.33 | -17.25 | 13.69 | -5.19 | -17.63 | 3.78 | -45.61 | -65.48 | 2.85 | -39.75 | -60.25 | 0.21 | -36.36 | -51.16 | 18.35 | -1.87 | -14.69 | 25.17 | -37.62 | -50.42 | 70.37 | -31.07 | -25.79 | 29.63 | 1522.22 | 472.84 | 13.85 | 76.43 | 31.4 |
| 21Q4 (10) | 1.86 | -39.81 | -42.24 | 27.28 | -5.47 | -15.07 | 18.56 | -12.33 | -20.99 | 18.19 | -14.2 | -15.47 | 14.44 | -13.95 | -17.53 | 6.95 | -43.5 | -53.88 | 4.73 | -42.03 | -51.19 | 0.33 | -32.65 | -40.0 | 18.70 | -12.9 | -15.46 | 40.35 | -25.76 | -26.21 | 102.08 | 2.08 | -7.32 | -2.08 | 0 | 76.04 | 7.85 | 5.65 | -2.61 |
| 21Q3 (9) | 3.09 | 23.6 | 40.45 | 28.86 | 0.59 | -11.82 | 21.17 | 9.75 | -1.67 | 21.20 | 17.91 | 4.07 | 16.78 | 16.61 | 2.57 | 12.30 | 34.43 | 4.24 | 8.16 | 32.68 | 7.94 | 0.49 | 13.95 | 6.52 | 21.47 | 17.32 | 1.32 | 54.35 | 15.2 | -3.86 | 100.00 | -6.78 | -5.88 | 0.00 | 100.0 | 100.0 | 7.43 | -18.08 | -29.84 |
| 21Q2 (8) | 2.50 | -5.66 | 303.23 | 28.69 | -7.21 | -12.8 | 19.29 | -2.87 | 27.16 | 17.98 | -13.6 | 54.07 | 14.39 | -13.42 | 53.58 | 9.15 | -16.44 | 169.12 | 6.15 | -14.23 | 151.02 | 0.43 | 0.0 | 65.38 | 18.30 | -14.92 | 41.53 | 47.18 | -7.07 | -15.45 | 107.27 | 13.12 | -16.57 | -7.27 | -240.61 | 74.55 | 9.07 | -13.95 | 0 |
| 21Q1 (7) | 2.65 | -17.7 | 1372.22 | 30.92 | -3.74 | -9.48 | 19.86 | -15.45 | 566.44 | 20.81 | -3.3 | 227.2 | 16.62 | -5.08 | 234.41 | 10.95 | -27.34 | 1028.87 | 7.17 | -26.01 | 819.23 | 0.43 | -21.82 | 168.75 | 21.51 | -2.76 | 129.32 | 50.77 | -7.15 | 113.59 | 94.83 | -13.91 | 89.66 | 5.17 | 159.48 | -89.66 | 10.54 | 30.77 | -61.76 |
| 20Q4 (6) | 3.22 | 46.36 | 2583.33 | 32.12 | -1.86 | 5.35 | 23.49 | 9.1 | 157.57 | 21.52 | 5.65 | 562.15 | 17.51 | 7.03 | 578.68 | 15.07 | 27.71 | 2292.06 | 9.69 | 28.17 | 1838.0 | 0.55 | 19.57 | 189.47 | 22.12 | 4.39 | 342.4 | 54.68 | -3.27 | 107.36 | 110.14 | 3.67 | -52.8 | -8.70 | -39.13 | 94.78 | 8.06 | -23.89 | -51.09 |
| 20Q3 (5) | 2.20 | 254.84 | 780.0 | 32.73 | -0.52 | -3.34 | 21.53 | 41.92 | 301.68 | 20.37 | 74.55 | 148.72 | 16.36 | 74.6 | 156.43 | 11.80 | 247.06 | 774.07 | 7.56 | 208.57 | 679.38 | 0.46 | 76.92 | 206.67 | 21.19 | 63.88 | 102.78 | 56.53 | 1.31 | 102.91 | 106.25 | -17.36 | 59.38 | -6.25 | 78.12 | -118.75 | 10.59 | 0 | -57.79 |
| 20Q2 (4) | 0.62 | 244.44 | 0.0 | 32.90 | -3.69 | 0.0 | 15.17 | 409.06 | 0.0 | 11.67 | 83.49 | 0.0 | 9.37 | 88.53 | 0.0 | 3.40 | 250.52 | 0.0 | 2.45 | 214.1 | 0.0 | 0.26 | 62.5 | 0.0 | 12.93 | 37.85 | 0.0 | 55.80 | 134.75 | 0.0 | 128.57 | 157.14 | 0.0 | -28.57 | -157.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 0.18 | 50.0 | 0.0 | 34.16 | 12.04 | 0.0 | 2.98 | -67.32 | 0.0 | 6.36 | 95.69 | 0.0 | 4.97 | 92.64 | 0.0 | 0.97 | 53.97 | 0.0 | 0.78 | 56.0 | 0.0 | 0.16 | -15.79 | 0.0 | 9.38 | 87.6 | 0.0 | 23.77 | -9.86 | 0.0 | 50.00 | -78.57 | 0.0 | 50.00 | 130.0 | 0.0 | 27.56 | 67.23 | 0.0 |
| 19Q4 (2) | 0.12 | -52.0 | 0.0 | 30.49 | -9.95 | 0.0 | 9.12 | 70.15 | 0.0 | 3.25 | -60.32 | 0.0 | 2.58 | -59.56 | 0.0 | 0.63 | -53.33 | 0.0 | 0.50 | -48.45 | 0.0 | 0.19 | 26.67 | 0.0 | 5.00 | -52.15 | 0.0 | 26.37 | -5.35 | 0.0 | 233.33 | 250.0 | 0.0 | -166.67 | -600.0 | 0.0 | 16.48 | -34.32 | 0.0 |
| 19Q3 (1) | 0.25 | 0.0 | 0.0 | 33.86 | 0.0 | 0.0 | 5.36 | 0.0 | 0.0 | 8.19 | 0.0 | 0.0 | 6.38 | 0.0 | 0.0 | 1.35 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 10.45 | 0.0 | 0.0 | 27.86 | 0.0 | 0.0 | 66.67 | 0.0 | 0.0 | 33.33 | 0.0 | 0.0 | 25.09 | 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) | -0.76 | 0 | 30.60 | 12.54 | -31.70 | 0 | 3.42 | 148.89 | -20.95 | 0 | -16.86 | 0 | -4.16 | 0 | -3.63 | 0 | 0.22 | -58.49 | -17.09 | 0 | 10.63 | -40.15 | 148.00 | 297.75 | -52.00 | 0 | 0.40 | 0 | 55.81 | 163.5 |
| 2022 (9) | 1.29 | -86.32 | 27.19 | -6.08 | 4.40 | -77.83 | 1.37 | 181.36 | 11.84 | -39.81 | 9.14 | -41.6 | 6.29 | -84.23 | 4.85 | -82.21 | 0.53 | -69.54 | 13.19 | -34.38 | 17.76 | -55.99 | 37.21 | -63.1 | 62.79 | 0 | 0.00 | 0 | 21.18 | 145.42 |
| 2021 (8) | 9.43 | 51.61 | 28.95 | -11.22 | 19.85 | 0.4 | 0.49 | -40.03 | 19.67 | 7.6 | 15.65 | 5.96 | 39.89 | 33.46 | 27.27 | 29.43 | 1.74 | 21.68 | 20.10 | 5.07 | 40.35 | -26.21 | 100.83 | -6.77 | -0.83 | 0 | 0.00 | 0 | 8.63 | -27.42 |
| 2020 (7) | 6.22 | 263.74 | 32.61 | -3.12 | 19.77 | 94.59 | 0.81 | -53.46 | 18.28 | 66.48 | 14.77 | 69.58 | 29.89 | 235.84 | 21.07 | 197.18 | 1.43 | 76.54 | 19.13 | 49.1 | 54.68 | 107.36 | 108.15 | 17.42 | -8.15 | 0 | 0.00 | 0 | 11.89 | -41.8 |
| 2019 (6) | 1.71 | -51.83 | 33.66 | 2.47 | 10.16 | -28.75 | 1.75 | 643.44 | 10.98 | -37.11 | 8.71 | -39.97 | 8.90 | -54.66 | 7.09 | -54.55 | 0.81 | -24.3 | 12.83 | -27.31 | 26.37 | 4.56 | 92.11 | 11.73 | 7.89 | -58.27 | 0.00 | 0 | 20.43 | 22.78 |
| 2018 (5) | 3.55 | 0 | 32.85 | -25.54 | 14.26 | 238.72 | 0.24 | -60.94 | 17.46 | 0 | 14.51 | 0 | 19.63 | 0 | 15.60 | 0 | 1.07 | 122.92 | 17.65 | 0 | 25.22 | -8.29 | 82.43 | 0 | 18.92 | -88.05 | 0.00 | 0 | 16.64 | -49.82 |
| 2017 (4) | -0.70 | 0 | 44.12 | -17.01 | 4.21 | -78.67 | 0.60 | 46.99 | -7.23 | 0 | -7.23 | 0 | -4.40 | 0 | -3.45 | 0 | 0.48 | -32.39 | -6.63 | 0 | 27.50 | 1.93 | -58.33 | 0 | 158.33 | 0 | 0.00 | 0 | 33.16 | 21.91 |
| 2016 (3) | 2.53 | -17.59 | 53.16 | 2.61 | 19.74 | 2.55 | 0.41 | 2.05 | 19.63 | -12.56 | 15.61 | -15.07 | 14.63 | -18.31 | 11.06 | -16.02 | 0.71 | -1.39 | 20.08 | -12.28 | 26.98 | -28.64 | 100.00 | 16.67 | 0.00 | 0 | 0.00 | 0 | 27.20 | 0.15 |
| 2015 (2) | 3.07 | 42.13 | 51.81 | 10.42 | 19.25 | 42.38 | 0.40 | -6.43 | 22.45 | 34.35 | 18.38 | 33.19 | 17.91 | 45.37 | 13.17 | 37.33 | 0.72 | 4.35 | 22.89 | 33.31 | 37.81 | 10.91 | 85.71 | 4.46 | 14.29 | -20.41 | 0.00 | 0 | 27.16 | 0.59 |
| 2014 (1) | 2.16 | -48.69 | 46.92 | 0 | 13.52 | 0 | 0.43 | 0 | 16.71 | 0 | 13.80 | 0 | 12.32 | 0 | 9.59 | 0 | 0.69 | 0 | 17.17 | -26.18 | 34.09 | 45.81 | 82.05 | -11.3 | 17.95 | 139.32 | 0.00 | 0 | 27.00 | 34.26 |
