- 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) | 0.11 | 37.5 | -45.0 | 44.05 | -12.34 | -4.18 | 7.86 | 223.46 | -41.56 | 9.03 | -1.85 | -43.39 | 7.70 | -15.75 | -40.81 | 1.02 | 41.67 | -43.96 | 0.76 | 35.71 | -42.86 | 0.10 | 66.67 | 0.0 | 11.36 | -19.09 | -38.79 | 26.31 | -38.7 | -22.04 | 87.50 | 337.5 | 0.96 | 12.50 | -84.38 | -6.25 | 33.30 | -28.34 | 12.88 |
| 24Q2 (19) | 0.08 | -33.33 | -77.78 | 50.25 | 18.32 | 57.03 | 2.43 | -40.73 | -83.71 | 9.20 | -30.88 | -45.07 | 9.14 | -12.95 | -32.04 | 0.72 | -28.0 | -77.57 | 0.56 | -31.71 | -75.33 | 0.06 | -25.0 | -64.71 | 14.04 | -15.78 | -22.77 | 42.92 | 81.33 | -6.17 | 20.00 | -33.33 | -77.6 | 80.00 | 14.29 | 646.67 | 46.47 | 29.66 | 197.88 |
| 24Q1 (18) | 0.12 | -86.21 | 50.0 | 42.47 | 59.72 | -22.39 | 4.10 | -78.26 | -42.98 | 13.31 | -28.44 | 8.12 | 10.50 | -30.51 | 12.9 | 1.00 | -86.6 | 35.14 | 0.82 | -85.84 | 43.86 | 0.08 | -78.95 | 33.33 | 16.67 | -13.49 | 1.89 | 23.67 | -5.66 | -39.31 | 30.00 | -70.44 | -47.5 | 70.00 | 4790.0 | 63.33 | 35.84 | 292.12 | -17.23 |
| 23Q4 (17) | 0.87 | 335.0 | 135.14 | 26.59 | -42.16 | 6.45 | 18.86 | 40.22 | 83.46 | 18.60 | 16.61 | 61.32 | 15.11 | 16.14 | 45.99 | 7.46 | 309.89 | 123.35 | 5.79 | 335.34 | 109.03 | 0.38 | 280.0 | 40.74 | 19.27 | 3.83 | 52.09 | 25.09 | -25.66 | -1.34 | 101.49 | 17.11 | 10.32 | -1.49 | -111.19 | -112.44 | 9.14 | -69.02 | -33.53 |
| 23Q3 (16) | 0.20 | -44.44 | 66.67 | 45.97 | 43.66 | 62.78 | 13.45 | -9.85 | 460.42 | 15.95 | -4.78 | 88.53 | 13.01 | -3.27 | 89.93 | 1.82 | -43.3 | 61.06 | 1.33 | -41.41 | 41.49 | 0.10 | -41.18 | -23.08 | 18.56 | 2.09 | 71.69 | 33.75 | -26.21 | 88.65 | 86.67 | -2.93 | 160.0 | 13.33 | 24.44 | -82.86 | 29.50 | 89.1 | 43.0 |
| 23Q2 (15) | 0.36 | 350.0 | 140.0 | 32.00 | -41.52 | -12.21 | 14.92 | 107.51 | 80.85 | 16.75 | 36.07 | 31.68 | 13.45 | 44.62 | 35.86 | 3.21 | 333.78 | 143.18 | 2.27 | 298.25 | 114.15 | 0.17 | 183.33 | 70.0 | 18.18 | 11.12 | 19.45 | 45.74 | 17.28 | 52.98 | 89.29 | 56.25 | 33.93 | 10.71 | -75.0 | -67.86 | 15.60 | -63.97 | -38.66 |
| 23Q1 (14) | 0.08 | -78.38 | 300.0 | 54.72 | 119.06 | 35.98 | 7.19 | -30.06 | 324.69 | 12.31 | 6.76 | 220.57 | 9.30 | -10.14 | 322.73 | 0.74 | -77.84 | 311.11 | 0.57 | -79.42 | 256.25 | 0.06 | -77.78 | -14.29 | 16.36 | 29.12 | 89.79 | 39.00 | 53.36 | 62.09 | 57.14 | -37.89 | 157.14 | 42.86 | 257.14 | -78.57 | 43.30 | 214.91 | 9.51 |
| 22Q4 (13) | 0.37 | 208.33 | -70.4 | 24.98 | -11.54 | -50.49 | 10.28 | 328.33 | -69.87 | 11.53 | 36.29 | -66.43 | 10.35 | 51.09 | -64.35 | 3.34 | 195.58 | -71.01 | 2.77 | 194.68 | -71.03 | 0.27 | 107.69 | -18.18 | 12.67 | 17.21 | -64.13 | 25.43 | 42.15 | 34.55 | 92.00 | 176.0 | -8.0 | 12.00 | -84.57 | 1004.0 | 13.75 | -33.35 | -6.08 |
| 22Q3 (12) | 0.12 | -20.0 | -29.41 | 28.24 | -22.52 | -14.89 | 2.40 | -70.91 | -48.39 | 8.46 | -33.49 | -28.12 | 6.85 | -30.81 | -42.63 | 1.13 | -14.39 | -31.93 | 0.94 | -11.32 | -32.37 | 0.13 | 30.0 | 8.33 | 10.81 | -28.98 | -26.81 | 17.89 | -40.17 | -20.38 | 33.33 | -50.0 | -16.67 | 77.78 | 133.33 | 29.63 | 20.63 | -18.88 | -16.98 |
| 22Q2 (11) | 0.15 | 650.0 | 1600.0 | 36.45 | -9.42 | 67.36 | 8.25 | 357.81 | 313.73 | 12.72 | 231.25 | 1717.14 | 9.90 | 350.0 | 1420.0 | 1.32 | 633.33 | 1420.0 | 1.06 | 562.5 | 1614.29 | 0.10 | 42.86 | -9.09 | 15.22 | 76.57 | 315.85 | 29.90 | 24.27 | 69.02 | 66.67 | 166.67 | 122.22 | 33.33 | -83.33 | -91.67 | 25.43 | -35.69 | 22.97 |
| 22Q1 (10) | 0.02 | -98.4 | 115.38 | 40.24 | -20.24 | 95.43 | -3.20 | -109.38 | 70.53 | 3.84 | -88.82 | 141.07 | 2.20 | -92.42 | 123.53 | 0.18 | -98.44 | 113.95 | 0.16 | -98.33 | 114.29 | 0.07 | -78.79 | -41.67 | 8.62 | -75.59 | 249.91 | 24.06 | 27.3 | 91.71 | -100.00 | -200.0 | -188.89 | 200.00 | 18300.0 | 1700.0 | 39.54 | 170.08 | 56.84 |
| 21Q4 (9) | 1.25 | 635.29 | 792.86 | 50.45 | 52.05 | 67.55 | 34.12 | 633.76 | 567.71 | 34.35 | 191.84 | 293.47 | 29.03 | 143.13 | 290.71 | 11.52 | 593.98 | 766.17 | 9.56 | 587.77 | 703.36 | 0.33 | 175.0 | 106.25 | 35.32 | 139.13 | 209.82 | 18.90 | -15.89 | 27.44 | 100.00 | 150.0 | 66.67 | 1.09 | -98.19 | -97.28 | 14.64 | -41.09 | -34.85 |
| 21Q3 (8) | 0.17 | 1800.0 | 0 | 33.18 | 52.34 | -5.66 | 4.65 | 220.47 | 1309.09 | 11.77 | 1581.43 | 1126.04 | 11.94 | 1692.0 | 2812.2 | 1.66 | 1760.0 | 3220.0 | 1.39 | 2085.71 | 2216.67 | 0.12 | 9.09 | 20.0 | 14.77 | 303.55 | 254.2 | 22.47 | 27.02 | 74.59 | 40.00 | 113.33 | 0 | 60.00 | -85.0 | 0 | 24.85 | 20.16 | -17.58 |
| 21Q2 (7) | -0.01 | 92.31 | -105.0 | 21.78 | 5.78 | -47.86 | -3.86 | 64.46 | -127.28 | 0.70 | 107.49 | -96.12 | -0.75 | 91.98 | -104.18 | -0.10 | 92.25 | -105.05 | -0.07 | 93.75 | -104.05 | 0.11 | -8.33 | 10.0 | 3.66 | 163.65 | -83.16 | 17.69 | 40.96 | 11.47 | -300.00 | -366.67 | -490.0 | 400.00 | 3300.0 | 1633.33 | 20.68 | -17.97 | 0 |
| 21Q1 (6) | -0.13 | -192.86 | 13.33 | 20.59 | -31.62 | -23.66 | -10.86 | -312.52 | 39.77 | -9.35 | -207.1 | 38.41 | -9.35 | -225.84 | 38.41 | -1.29 | -196.99 | 11.64 | -1.12 | -194.12 | 8.2 | 0.12 | -25.0 | 50.0 | -5.75 | -150.44 | 41.57 | 12.55 | -15.37 | -19.96 | 112.50 | 87.5 | -7.95 | -12.50 | -131.25 | 43.75 | 25.21 | 12.19 | -33.94 |
| 20Q4 (5) | 0.14 | 0 | -88.98 | 30.11 | -14.39 | -34.1 | 5.11 | 1448.48 | -83.81 | 8.73 | 809.38 | -71.95 | 7.43 | 1712.2 | -75.75 | 1.33 | 2560.0 | -90.0 | 1.19 | 1883.33 | -89.36 | 0.16 | 60.0 | -55.56 | 11.40 | 173.38 | -64.72 | 14.83 | 15.23 | -29.14 | 60.00 | 0 | -40.73 | 40.00 | 0 | 3340.0 | 22.47 | -25.47 | 79.47 |
| 20Q3 (4) | 0.00 | -100.0 | 0.0 | 35.17 | -15.8 | 0.0 | 0.33 | -97.67 | 0.0 | 0.96 | -94.67 | 0.0 | 0.41 | -97.72 | 0.0 | 0.05 | -97.47 | 0.0 | 0.06 | -96.53 | 0.0 | 0.10 | 0.0 | 0.0 | 4.17 | -80.82 | 0.0 | 12.87 | -18.9 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 30.15 | 0 | 0.0 |
| 20Q2 (3) | 0.20 | 233.33 | 0.0 | 41.77 | 54.88 | 0.0 | 14.15 | 178.48 | 0.0 | 18.02 | 218.71 | 0.0 | 17.96 | 218.31 | 0.0 | 1.98 | 235.62 | 0.0 | 1.73 | 241.8 | 0.0 | 0.10 | 25.0 | 0.0 | 21.74 | 320.93 | 0.0 | 15.87 | 1.21 | 0.0 | 76.92 | -37.06 | 0.0 | 23.08 | 203.85 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.15 | -111.81 | 0.0 | 26.97 | -40.97 | 0.0 | -18.03 | -157.13 | 0.0 | -15.18 | -148.78 | 0.0 | -15.18 | -149.54 | 0.0 | -1.46 | -110.98 | 0.0 | -1.22 | -110.91 | 0.0 | 0.08 | -77.78 | 0.0 | -9.84 | -130.45 | 0.0 | 15.68 | -25.08 | 0.0 | 122.22 | 20.73 | 0.0 | -22.22 | -1700.0 | 0.0 | 38.16 | 204.79 | 0.0 |
| 19Q4 (1) | 1.27 | 0.0 | 0.0 | 45.69 | 0.0 | 0.0 | 31.56 | 0.0 | 0.0 | 31.12 | 0.0 | 0.0 | 30.64 | 0.0 | 0.0 | 13.30 | 0.0 | 0.0 | 11.18 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 32.31 | 0.0 | 0.0 | 20.93 | 0.0 | 0.0 | 101.23 | 0.0 | 0.0 | -1.23 | 0.0 | 0.0 | 12.52 | 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) | 1.51 | 132.31 | 32.99 | 10.89 | 16.16 | 150.15 | 1.48 | -28.7 | 17.25 | 70.29 | 13.93 | 64.27 | 13.00 | 124.91 | 10.45 | 117.26 | 0.74 | 32.14 | 18.93 | 52.05 | 25.09 | -1.34 | 93.16 | 47.26 | 5.98 | -83.71 | 0.00 | 0 | 16.44 | -20.39 |
| 2022 (9) | 0.65 | -49.22 | 29.75 | -22.02 | 6.46 | -59.19 | 2.07 | 9.13 | 10.13 | -44.03 | 8.48 | -44.14 | 5.78 | -50.98 | 4.81 | -52.52 | 0.56 | -15.15 | 12.45 | -38.21 | 25.43 | 34.55 | 63.27 | -27.59 | 36.73 | 190.82 | 0.00 | 0 | 20.65 | 8.46 |
| 2021 (8) | 1.28 | 573.68 | 38.15 | 14.88 | 15.83 | 934.64 | 1.90 | -39.92 | 18.10 | 313.24 | 15.18 | 302.65 | 11.79 | 530.48 | 10.13 | 510.24 | 0.66 | 57.14 | 20.15 | 154.74 | 18.90 | 27.44 | 87.37 | 144.63 | 12.63 | -80.35 | 0.00 | 0 | 19.04 | -30.03 |
| 2020 (7) | 0.19 | -80.21 | 33.21 | -19.06 | 1.53 | -89.56 | 3.16 | 30.06 | 4.38 | -70.78 | 3.77 | -74.07 | 1.87 | -80.96 | 1.66 | -80.14 | 0.42 | -26.32 | 7.91 | -55.46 | 14.83 | -29.14 | 35.71 | -63.1 | 64.29 | 3885.71 | 0.00 | 0 | 27.21 | 19.19 |
| 2019 (6) | 0.96 | -9.43 | 41.03 | -8.37 | 14.66 | -18.33 | 2.43 | 336.74 | 14.99 | -21.93 | 14.54 | -21.32 | 9.82 | -19.11 | 8.36 | -20.53 | 0.57 | 0.0 | 17.76 | -11.47 | 20.93 | 28.88 | 96.77 | 4.33 | 1.61 | -72.18 | 0.13 | -12.82 | 22.83 | -0.17 |
| 2018 (5) | 1.06 | -35.37 | 44.78 | -0.6 | 17.95 | 124.66 | 0.56 | -24.79 | 19.20 | -49.41 | 18.48 | -51.3 | 12.14 | -42.44 | 10.52 | -43.71 | 0.57 | 16.33 | 20.06 | -48.42 | 16.24 | 4.71 | 92.75 | 330.04 | 5.80 | -92.7 | 0.15 | 0 | 22.87 | -19.64 |
| 2017 (4) | 1.64 | 0 | 45.05 | 7.67 | 7.99 | 0 | 0.74 | -38.52 | 37.95 | 0 | 37.95 | 0 | 21.09 | 0 | 18.69 | 0 | 0.49 | 48.48 | 38.89 | 0 | 15.51 | 48.71 | 21.57 | -86.2 | 79.41 | 0 | 0.00 | 0 | 28.46 | -42.37 |
| 2016 (3) | -0.26 | 0 | 41.84 | -0.4 | -14.87 | 0 | 1.20 | 29.52 | -9.64 | 0 | -9.64 | 0 | -3.58 | 0 | -3.14 | 0 | 0.33 | -21.43 | -7.83 | 0 | 10.43 | -24.75 | 156.25 | 6.91 | -56.25 | 0 | 0.00 | 0 | 49.38 | 17.94 |
| 2015 (2) | -0.21 | 0 | 42.01 | 2.21 | -8.69 | 0 | 0.93 | -30.85 | -5.97 | 0 | -5.97 | 0 | -2.93 | 0 | -2.47 | 0 | 0.42 | 0.0 | -4.65 | 0 | 13.86 | -26.32 | 146.15 | -45.19 | -46.15 | 0 | 0.00 | 0 | 41.87 | 3.51 |
| 2014 (1) | -0.09 | 0 | 41.10 | 0 | -7.34 | 0 | 1.35 | -11.88 | -2.62 | 0 | -2.62 | 0 | -1.31 | 0 | -1.04 | 0 | 0.42 | -12.5 | -0.45 | 0 | 18.81 | -8.91 | 266.67 | 148.89 | -183.33 | 0 | 0.00 | 0 | 40.45 | 16.94 |
