- 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) | -0.40 | -344.44 | -281.82 | 12.63 | -3.95 | 4.38 | -0.39 | -202.63 | -124.68 | -0.79 | -443.48 | -156.43 | -0.36 | -220.0 | -138.3 | -0.73 | -237.74 | -137.82 | 0.03 | -94.83 | -97.69 | 0.90 | 4.65 | 7.14 | 0.38 | -70.99 | -86.23 | 132.47 | 16.41 | -6.8 | 50.00 | -70.0 | -56.82 | 50.00 | 175.0 | 575.0 | 6.55 | 14.91 | 20.85 |
| 24Q2 (19) | -0.09 | -156.25 | -136.0 | 13.15 | 4.03 | 3.79 | 0.38 | -68.6 | -76.69 | 0.23 | -80.51 | -84.14 | 0.30 | -63.86 | -69.07 | 0.53 | -59.85 | -68.07 | 0.58 | -36.26 | -50.43 | 0.86 | 17.81 | 16.22 | 1.31 | -48.83 | -53.87 | 113.80 | 9.44 | -22.2 | 166.67 | 66.67 | 49.12 | -66.67 | 0 | -466.67 | 5.70 | -1.89 | 12.2 |
| 24Q1 (18) | 0.16 | -55.56 | 277.78 | 12.64 | -1.4 | 0.24 | 1.21 | -59.4 | 290.32 | 1.18 | -46.85 | 5800.0 | 0.83 | -49.08 | 588.24 | 1.32 | -60.12 | 673.91 | 0.91 | -52.11 | 333.33 | 0.73 | -14.12 | 14.06 | 2.56 | -27.68 | 80.28 | 103.98 | -23.91 | -13.12 | 100.00 | -24.39 | 0 | 0.00 | 100.0 | 0 | 5.81 | 22.57 | -7.63 |
| 23Q4 (17) | 0.36 | 63.64 | 800.0 | 12.82 | 5.95 | -5.46 | 2.98 | 88.61 | 22.13 | 2.22 | 58.57 | 42.31 | 1.63 | 73.4 | 56.73 | 3.31 | 71.5 | 105.59 | 1.90 | 46.15 | 54.47 | 0.85 | 1.19 | 23.19 | 3.54 | 28.26 | 8.92 | 136.66 | -3.86 | 30.7 | 132.26 | 14.22 | -17.91 | -32.26 | -206.45 | 41.94 | 4.74 | -12.55 | -15.05 |
| 23Q3 (16) | 0.22 | -12.0 | -50.0 | 12.10 | -4.5 | 1.09 | 1.58 | -3.07 | 3.27 | 1.40 | -3.45 | -32.37 | 0.94 | -3.09 | -37.33 | 1.93 | 16.27 | -23.72 | 1.30 | 11.11 | 1.56 | 0.84 | 13.51 | 35.48 | 2.76 | -2.82 | -19.3 | 142.14 | -2.82 | -3.78 | 115.79 | 3.6 | 52.35 | -10.53 | 10.53 | -137.59 | 5.42 | 6.69 | 4.23 |
| 23Q2 (15) | 0.25 | 377.78 | -53.7 | 12.67 | 0.48 | 1.12 | 1.63 | 425.81 | -48.42 | 1.45 | 7150.0 | -51.18 | 0.97 | 670.59 | -54.67 | 1.66 | 821.74 | -63.6 | 1.17 | 457.14 | -37.43 | 0.74 | 15.62 | 4.23 | 2.84 | 100.0 | -31.07 | 146.27 | 22.22 | -25.21 | 111.76 | 0 | 4.48 | -11.76 | 0 | -68.63 | 5.08 | -19.24 | 7.86 |
| 23Q1 (14) | -0.09 | -325.0 | -128.12 | 12.61 | -7.01 | 4.91 | 0.31 | -87.3 | -89.24 | 0.02 | -98.72 | -99.24 | -0.17 | -116.35 | -109.55 | -0.23 | -114.29 | -106.44 | 0.21 | -82.93 | -86.0 | 0.64 | -7.25 | -4.48 | 1.42 | -56.31 | -62.73 | 119.68 | 14.46 | -40.37 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 6.29 | 12.72 | 34.12 |
| 22Q4 (13) | 0.04 | -90.91 | -93.1 | 13.56 | 13.28 | 11.7 | 2.44 | 59.48 | -24.46 | 1.56 | -24.64 | -50.63 | 1.04 | -30.67 | -60.15 | 1.61 | -36.36 | -72.15 | 1.23 | -3.91 | -46.05 | 0.69 | 11.29 | -11.54 | 3.25 | -4.97 | -22.06 | 104.56 | -29.22 | -46.71 | 161.11 | 111.99 | 57.68 | -55.56 | -298.41 | -2455.56 | 5.58 | 7.31 | 15.05 |
| 22Q3 (12) | 0.44 | -18.52 | 1566.67 | 11.97 | -4.47 | 0.0 | 1.53 | -51.58 | -20.31 | 2.07 | -30.3 | 69.67 | 1.50 | -29.91 | 61.29 | 2.53 | -44.52 | 56.17 | 1.28 | -31.55 | 52.38 | 0.62 | -12.68 | -1.59 | 3.42 | -16.99 | 44.3 | 147.73 | -24.47 | -15.45 | 76.00 | -28.96 | -52.5 | 28.00 | 501.33 | 146.67 | 5.20 | 10.4 | -0.76 |
| 22Q2 (11) | 0.54 | 68.75 | 500.0 | 12.53 | 4.24 | 16.13 | 3.16 | 9.72 | 7.48 | 2.97 | 12.93 | 38.14 | 2.14 | 20.22 | 64.62 | 4.56 | 27.73 | 52.51 | 1.87 | 24.67 | 40.6 | 0.71 | 5.97 | -13.41 | 4.12 | 8.14 | 36.88 | 195.58 | -2.55 | 7.56 | 106.98 | -4.0 | -22.39 | -6.98 | 18.6 | 81.56 | 4.71 | 0.43 | 23.3 |
| 22Q1 (10) | 0.32 | -44.83 | -33.33 | 12.02 | -0.99 | -0.83 | 2.88 | -10.84 | -0.69 | 2.63 | -16.77 | -17.81 | 1.78 | -31.8 | -28.23 | 3.57 | -38.24 | -27.44 | 1.50 | -34.21 | -23.47 | 0.67 | -14.1 | -4.29 | 3.81 | -8.63 | -10.35 | 200.69 | 2.28 | 11.92 | 111.43 | 9.06 | 21.56 | -8.57 | -294.29 | -202.86 | 4.69 | -3.3 | 5.87 |
| 21Q4 (9) | 0.58 | 2033.33 | -35.56 | 12.14 | 1.42 | -0.25 | 3.23 | 68.23 | -18.64 | 3.16 | 159.02 | -11.73 | 2.61 | 180.65 | -2.97 | 5.78 | 256.79 | -22.1 | 2.28 | 171.43 | -17.99 | 0.78 | 23.81 | -16.13 | 4.17 | 75.95 | -5.23 | 196.22 | 12.3 | 2.36 | 102.17 | -36.14 | -7.79 | -2.17 | 96.38 | 79.89 | 4.85 | -7.44 | 18.29 |
| 21Q3 (8) | -0.03 | -133.33 | -101.32 | 11.97 | 10.94 | -16.06 | 1.92 | -34.69 | -71.56 | 1.22 | -43.26 | -80.85 | 0.93 | -28.46 | -80.13 | 1.62 | -45.82 | -88.58 | 0.84 | -36.84 | -82.68 | 0.63 | -23.17 | -35.05 | 2.37 | -21.26 | -66.85 | 174.73 | -3.9 | -13.79 | 160.00 | 16.08 | 51.11 | -60.00 | -58.57 | -920.0 | 5.24 | 37.17 | 53.22 |
| 21Q2 (7) | 0.09 | -81.25 | 112.0 | 10.79 | -10.97 | -25.17 | 2.94 | 1.38 | 3040.0 | 2.15 | -32.81 | 310.78 | 1.30 | -47.58 | 222.64 | 2.99 | -39.23 | 331.78 | 1.33 | -32.14 | 611.54 | 0.82 | 17.14 | 78.26 | 3.01 | -29.18 | 634.15 | 181.83 | 1.41 | -17.86 | 137.84 | 50.37 | 1278.38 | -37.84 | -554.05 | -142.04 | 3.82 | -13.77 | 0 |
| 21Q1 (6) | 0.48 | -46.67 | 2300.0 | 12.12 | -0.41 | -7.76 | 2.90 | -26.95 | 205.26 | 3.20 | -10.61 | 363.77 | 2.48 | -7.81 | 259.42 | 4.92 | -33.69 | 429.03 | 1.96 | -29.5 | 172.22 | 0.70 | -24.73 | 14.75 | 4.25 | -3.41 | 113.57 | 179.31 | -6.46 | 51.7 | 91.67 | -17.28 | -31.25 | 8.33 | 177.08 | 125.0 | 4.43 | 8.05 | 0 |
| 20Q4 (5) | 0.90 | -60.35 | -15.09 | 12.17 | -14.66 | -21.79 | 3.97 | -41.19 | 3.66 | 3.58 | -43.8 | 28.32 | 2.69 | -42.52 | 9.8 | 7.42 | -47.67 | 52.99 | 2.78 | -42.68 | 13.47 | 0.93 | -4.12 | 9.41 | 4.40 | -38.46 | 15.49 | 191.69 | -5.42 | 58.42 | 110.81 | 4.65 | -19.27 | -10.81 | -83.78 | 70.98 | 4.10 | 19.88 | 4.59 |
| 20Q3 (4) | 2.27 | 402.67 | 0.0 | 14.26 | -1.11 | 0.0 | 6.75 | 6850.0 | 0.0 | 6.37 | 724.51 | 0.0 | 4.68 | 541.51 | 0.0 | 14.18 | 1199.22 | 0.0 | 4.85 | 1965.38 | 0.0 | 0.97 | 110.87 | 0.0 | 7.15 | 1643.9 | 0.0 | 202.67 | -8.45 | 0.0 | 105.88 | 958.82 | 0.0 | -5.88 | -106.54 | 0.0 | 3.42 | 0 | 0.0 |
| 20Q2 (3) | -0.75 | -3850.0 | 0.0 | 14.42 | 9.74 | 0.0 | -0.10 | -110.53 | 0.0 | -1.02 | -247.83 | 0.0 | -1.06 | -253.62 | 0.0 | -1.29 | -238.71 | 0.0 | -0.26 | -136.11 | 0.0 | 0.46 | -24.59 | 0.0 | 0.41 | -79.4 | 0.0 | 221.37 | 87.28 | 0.0 | 10.00 | -92.5 | 0.0 | 90.00 | 370.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.02 | -98.11 | 0.0 | 13.14 | -15.55 | 0.0 | 0.95 | -75.2 | 0.0 | 0.69 | -75.27 | 0.0 | 0.69 | -71.84 | 0.0 | 0.93 | -80.82 | 0.0 | 0.72 | -70.61 | 0.0 | 0.61 | -28.24 | 0.0 | 1.99 | -47.77 | 0.0 | 118.20 | -2.31 | 0.0 | 133.33 | -2.86 | 0.0 | -33.33 | 10.53 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.06 | 0.0 | 0.0 | 15.56 | 0.0 | 0.0 | 3.83 | 0.0 | 0.0 | 2.79 | 0.0 | 0.0 | 2.45 | 0.0 | 0.0 | 4.85 | 0.0 | 0.0 | 2.45 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 121.00 | 0.0 | 0.0 | 137.25 | 0.0 | 0.0 | -37.25 | 0.0 | 0.0 | 3.92 | 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) | 0.74 | -44.78 | 12.54 | 0.32 | 1.73 | -31.89 | 0.59 | -4.27 | 1.37 | -41.7 | 0.92 | -44.24 | 6.35 | -47.65 | 4.74 | -27.63 | 3.15 | 6.06 | 2.75 | -25.27 | 136.66 | 30.7 | 126.87 | 17.25 | -26.87 | 0 | 0.63 | 20.36 | 5.32 | 5.98 |
| 2022 (9) | 1.34 | 20.72 | 12.50 | 6.75 | 2.54 | -8.96 | 0.62 | 14.1 | 2.35 | -4.86 | 1.65 | -10.33 | 12.13 | -21.03 | 6.55 | 5.31 | 2.97 | 4.95 | 3.68 | 5.75 | 104.56 | -46.71 | 108.20 | -3.61 | -8.20 | 0 | 0.52 | 412.08 | 5.02 | 11.06 |
| 2021 (8) | 1.11 | -54.32 | 11.71 | -12.55 | 2.79 | -24.39 | 0.54 | 8.39 | 2.47 | -24.0 | 1.84 | -23.01 | 15.36 | -14.9 | 6.22 | -24.42 | 2.83 | -5.35 | 3.48 | -17.54 | 196.22 | 2.36 | 112.24 | -1.49 | -12.93 | 0 | 0.10 | -24.56 | 4.52 | 2.49 |
| 2020 (7) | 2.43 | -64.68 | 13.39 | -13.22 | 3.69 | -23.92 | 0.50 | -17.61 | 3.25 | -30.56 | 2.39 | -34.7 | 18.05 | -32.6 | 8.23 | -41.0 | 2.99 | -12.32 | 4.22 | -27.74 | 191.69 | 58.42 | 113.94 | 10.38 | -13.46 | 0 | 0.14 | 40.73 | 4.41 | 11.36 |
| 2019 (6) | 6.88 | -47.76 | 15.43 | -2.59 | 4.85 | -21.52 | 0.61 | 382.78 | 4.68 | -23.03 | 3.66 | -35.22 | 26.78 | -42.45 | 13.95 | -39.24 | 3.41 | -12.34 | 5.84 | -10.7 | 121.00 | 10.81 | 103.23 | 1.55 | -3.52 | 0 | 0.10 | -69.97 | 3.96 | 10.61 |
| 2018 (5) | 13.17 | 34.11 | 15.84 | 1.21 | 6.18 | -2.98 | 0.13 | -40.25 | 6.08 | 0.16 | 5.65 | 6.4 | 46.53 | -0.79 | 22.96 | -1.12 | 3.89 | -6.49 | 6.54 | -1.36 | 109.20 | -4.97 | 101.65 | -3.16 | -1.65 | 0 | 0.32 | 0 | 3.58 | -3.5 |
| 2017 (4) | 9.82 | -3.91 | 15.65 | 6.03 | 6.37 | 10.4 | 0.21 | -14.63 | 6.07 | 10.77 | 5.31 | 20.68 | 46.90 | 1.52 | 23.22 | 3.43 | 4.16 | -13.69 | 6.63 | 9.23 | 114.91 | 4.9 | 104.97 | -0.39 | -4.75 | 0 | 0.00 | 0 | 3.71 | 14.86 |
| 2016 (3) | 10.22 | 16.67 | 14.76 | 8.29 | 5.77 | 22.25 | 0.25 | 5.69 | 5.48 | 18.36 | 4.40 | 13.4 | 46.20 | -5.48 | 22.45 | 1.49 | 4.82 | -9.23 | 6.07 | 15.18 | 109.54 | -14.38 | 105.38 | 3.37 | -5.38 | 0 | 0.00 | 0 | 3.23 | 8.03 |
| 2015 (2) | 8.76 | 85.99 | 13.63 | 19.98 | 4.72 | 91.09 | 0.23 | -8.91 | 4.63 | 101.3 | 3.88 | 90.2 | 48.88 | 56.07 | 22.12 | 64.95 | 5.31 | -7.49 | 5.27 | 77.44 | 127.93 | -15.26 | 101.95 | -4.89 | -1.95 | 0 | 0.00 | 0 | 2.99 | 6.41 |
| 2014 (1) | 4.71 | -5.99 | 11.36 | 0 | 2.47 | 0 | 0.26 | 25.64 | 2.30 | 0 | 2.04 | 0 | 31.32 | 0 | 13.41 | 0 | 5.74 | -24.97 | 2.97 | 8.0 | 150.96 | -20.68 | 107.19 | -2.48 | -7.19 | 0 | 0.00 | 0 | 2.81 | 35.75 |
