- 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) | 0.22 | -15.38 | -46.34 | 27.54 | -6.04 | 2.65 | 10.63 | 6.09 | -5.09 | 12.06 | -2.11 | -18.9 | 9.28 | 2.2 | -16.85 | 1.46 | -11.52 | -47.1 | 1.08 | -6.09 | -44.9 | 0.10 | -9.09 | -41.18 | 18.48 | -10.68 | -15.92 | 50.66 | -3.28 | -0.12 | 90.91 | 11.11 | 18.18 | 9.09 | -50.0 | -60.61 | 21.15 | -0.75 | 6.71 |
| 24Q1 (19) | 0.26 | 23.81 | 333.33 | 29.31 | 14.85 | 22.69 | 10.02 | 19.71 | 113.19 | 12.32 | 99.03 | 329.27 | 9.08 | 30.84 | 338.65 | 1.65 | 13.01 | 302.44 | 1.15 | 21.05 | 202.63 | 0.11 | 0.0 | -21.43 | 20.69 | 36.21 | 88.78 | 52.38 | -37.31 | 16.01 | 81.82 | -41.56 | -45.45 | 18.18 | 145.45 | 136.36 | 21.31 | -1.8 | -7.23 |
| 23Q4 (18) | 0.21 | -30.0 | -36.36 | 25.52 | -2.26 | -19.29 | 8.37 | 0.12 | -40.43 | 6.19 | -41.38 | -52.24 | 6.94 | -25.93 | -29.47 | 1.46 | -30.48 | -34.23 | 0.95 | -28.57 | -40.99 | 0.11 | -15.38 | -26.67 | 15.19 | -15.94 | -25.83 | 83.55 | -6.91 | 81.28 | 140.00 | 80.0 | 28.33 | -40.00 | -280.0 | -340.0 | 21.70 | -2.86 | 52.17 |
| 23Q3 (17) | 0.30 | -26.83 | -11.76 | 26.11 | -2.68 | -6.78 | 8.36 | -25.36 | 10.58 | 10.56 | -28.98 | -18.52 | 9.37 | -16.04 | -7.14 | 2.10 | -23.91 | -11.76 | 1.33 | -32.14 | -20.83 | 0.13 | -23.53 | -18.75 | 18.07 | -17.79 | -10.72 | 89.75 | 76.95 | 91.2 | 77.78 | 1.11 | 42.59 | 22.22 | -3.7 | -51.11 | 22.34 | 12.71 | 7.66 |
| 23Q2 (16) | 0.41 | 583.33 | 51.85 | 26.83 | 12.31 | -4.42 | 11.20 | 138.3 | 95.46 | 14.87 | 418.12 | 44.09 | 11.16 | 439.13 | 39.15 | 2.76 | 573.17 | 49.19 | 1.96 | 415.79 | 48.48 | 0.17 | 21.43 | 13.33 | 21.98 | 100.55 | 17.23 | 50.72 | 12.34 | -0.33 | 76.92 | -48.72 | 23.08 | 23.08 | 146.15 | -53.85 | 19.82 | -13.71 | 1.17 |
| 23Q1 (15) | 0.06 | -81.82 | -76.92 | 23.89 | -24.45 | -7.83 | 4.70 | -66.55 | -50.89 | 2.87 | -77.85 | -73.3 | 2.07 | -78.96 | -75.59 | 0.41 | -81.53 | -77.72 | 0.38 | -76.4 | -71.21 | 0.14 | -6.67 | -6.67 | 10.96 | -46.48 | -41.3 | 45.15 | -2.04 | -7.12 | 150.00 | 37.5 | 71.43 | -50.00 | -450.0 | -500.0 | 22.97 | 61.08 | 0.09 |
| 22Q4 (14) | 0.33 | -2.94 | 10.0 | 31.62 | 12.89 | 9.19 | 14.05 | 85.85 | 2.78 | 12.96 | 0.0 | 0.93 | 9.84 | -2.48 | 2.93 | 2.22 | -6.72 | 4.23 | 1.61 | -4.17 | 8.78 | 0.15 | -6.25 | 0.0 | 20.48 | 1.19 | 2.4 | 46.09 | -1.81 | -8.17 | 109.09 | 100.0 | 9.09 | -9.09 | -120.0 | 9.09 | 14.26 | -31.28 | 42.32 |
| 22Q3 (13) | 0.34 | 25.93 | 1233.33 | 28.01 | -0.21 | 59.97 | 7.56 | 31.94 | 377.94 | 12.96 | 25.58 | 849.13 | 10.09 | 25.81 | 707.83 | 2.38 | 28.65 | 1233.33 | 1.68 | 27.27 | 3460.0 | 0.16 | 6.67 | 100.0 | 20.24 | 7.95 | 74.03 | 46.94 | -7.76 | -13.39 | 54.55 | -12.73 | -45.45 | 45.45 | -9.09 | 0 | 20.75 | 5.92 | -51.93 |
| 22Q2 (12) | 0.27 | 3.85 | 145.45 | 28.07 | 8.29 | 5.96 | 5.73 | -40.13 | -17.67 | 10.32 | -4.0 | 93.98 | 8.02 | -5.42 | 108.31 | 1.85 | 0.54 | 143.42 | 1.32 | 0.0 | 123.73 | 0.15 | 0.0 | 15.38 | 18.75 | 0.43 | 27.46 | 50.89 | 4.69 | 0.12 | 62.50 | -28.57 | -50.0 | 50.00 | 300.0 | 300.0 | 19.59 | -14.64 | -7.98 |
| 22Q1 (11) | 0.26 | -13.33 | -33.33 | 25.92 | -10.5 | -9.56 | 9.57 | -29.99 | -15.31 | 10.75 | -16.28 | -24.98 | 8.48 | -11.3 | -20.75 | 1.84 | -13.62 | -29.5 | 1.32 | -10.81 | -25.84 | 0.15 | 0.0 | -6.25 | 18.67 | -6.65 | -12.88 | 48.61 | -3.15 | -9.33 | 87.50 | -12.5 | 16.67 | 12.50 | 225.0 | -50.0 | 22.95 | 129.04 | 13.28 |
| 21Q4 (10) | 0.30 | 1100.0 | -14.29 | 28.96 | 65.39 | -7.8 | 13.67 | 602.57 | -22.42 | 12.84 | 842.2 | -17.53 | 9.56 | 675.9 | -3.63 | 2.13 | 1114.29 | -10.13 | 1.48 | 3060.0 | -6.33 | 0.15 | 87.5 | 0.0 | 20.00 | 71.97 | -15.79 | 50.19 | -7.4 | -11.31 | 100.00 | 0.0 | -14.29 | -10.00 | 0 | 40.0 | 10.02 | -76.79 | -33.86 |
| 21Q3 (9) | -0.03 | -127.27 | -108.82 | 17.51 | -33.9 | -39.91 | -2.72 | -139.08 | -119.81 | -1.73 | -132.52 | -113.6 | -1.66 | -143.12 | -116.6 | -0.21 | -127.63 | -108.79 | -0.05 | -108.47 | -103.21 | 0.08 | -38.46 | -46.67 | 11.63 | -20.94 | -43.3 | 54.20 | 6.63 | -13.11 | 100.00 | -20.0 | -9.09 | -0.00 | 100.0 | 100.0 | 43.17 | 102.77 | 109.97 |
| 21Q2 (8) | 0.11 | -71.79 | 37.5 | 26.49 | -7.57 | 2.52 | 6.96 | -38.41 | 78.01 | 5.32 | -62.88 | 266.9 | 3.85 | -64.02 | 31.4 | 0.76 | -70.88 | 46.15 | 0.59 | -66.85 | 40.48 | 0.13 | -18.75 | 18.18 | 14.71 | -31.36 | 21.87 | 50.83 | -5.19 | -20.78 | 125.00 | 66.67 | -37.5 | -25.00 | -200.0 | 75.0 | 21.29 | 5.08 | 0 |
| 21Q1 (7) | 0.39 | 11.43 | 129.41 | 28.66 | -8.76 | 9.31 | 11.30 | -35.87 | 66.67 | 14.33 | -7.96 | 76.91 | 10.70 | 7.86 | 94.19 | 2.61 | 10.13 | 139.45 | 1.78 | 12.66 | 128.21 | 0.16 | 6.67 | 33.33 | 21.43 | -9.77 | 17.88 | 53.61 | -5.27 | -10.28 | 75.00 | -35.71 | -25.0 | 25.00 | 250.0 | 25.0 | 20.26 | 33.73 | -8.82 |
| 20Q4 (6) | 0.35 | 2.94 | 66.67 | 31.41 | 7.79 | 16.42 | 17.62 | 28.33 | 84.5 | 15.57 | 22.41 | 68.32 | 9.92 | -0.8 | 69.86 | 2.37 | -0.84 | 69.29 | 1.58 | 1.28 | 64.58 | 0.15 | 0.0 | 0.0 | 23.75 | 15.8 | 37.44 | 56.59 | -9.28 | -9.54 | 116.67 | 6.06 | 16.67 | -16.67 | -66.67 | 0 | 15.15 | -26.31 | -21.18 |
| 20Q3 (5) | 0.34 | 325.0 | -8.11 | 29.14 | 12.77 | 18.6 | 13.73 | 251.15 | 63.26 | 12.72 | 777.24 | 23.26 | 10.00 | 241.3 | 2.77 | 2.39 | 359.62 | -1.65 | 1.56 | 271.43 | 1.3 | 0.15 | 36.36 | 0.0 | 20.51 | 69.93 | 14.84 | 62.38 | -2.77 | -6.14 | 110.00 | -45.0 | 41.43 | -10.00 | 90.0 | -145.0 | 20.56 | 0 | 36.61 |
| 20Q2 (4) | 0.08 | -52.94 | 0.0 | 25.84 | -1.45 | 0.0 | 3.91 | -42.33 | 0.0 | 1.45 | -82.1 | 0.0 | 2.93 | -46.82 | 0.0 | 0.52 | -52.29 | 0.0 | 0.42 | -46.15 | 0.0 | 0.11 | -8.33 | 0.0 | 12.07 | -33.61 | 0.0 | 64.16 | 7.38 | 0.0 | 200.00 | 100.0 | 0.0 | -100.00 | -600.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 0.17 | -19.05 | 0.0 | 26.22 | -2.82 | 0.0 | 6.78 | -29.01 | 0.0 | 8.10 | -12.43 | 0.0 | 5.51 | -5.65 | 0.0 | 1.09 | -22.14 | 0.0 | 0.78 | -18.75 | 0.0 | 0.12 | -20.0 | 0.0 | 18.18 | 5.21 | 0.0 | 59.75 | -4.49 | 0.0 | 100.00 | 0.0 | 0.0 | 20.00 | 0 | 0.0 | 22.22 | 15.61 | 0.0 |
| 19Q4 (2) | 0.21 | -43.24 | 0.0 | 26.98 | 9.81 | 0.0 | 9.55 | 13.56 | 0.0 | 9.25 | -10.37 | 0.0 | 5.84 | -39.98 | 0.0 | 1.40 | -42.39 | 0.0 | 0.96 | -37.66 | 0.0 | 0.15 | 0.0 | 0.0 | 17.28 | -3.25 | 0.0 | 62.56 | -5.87 | 0.0 | 100.00 | 28.57 | 0.0 | -0.00 | -100.0 | 0.0 | 19.22 | 27.71 | 0.0 |
| 19Q3 (1) | 0.37 | 0.0 | 0.0 | 24.57 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 10.32 | 0.0 | 0.0 | 9.73 | 0.0 | 0.0 | 2.43 | 0.0 | 0.0 | 1.54 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 17.86 | 0.0 | 0.0 | 66.46 | 0.0 | 0.0 | 77.78 | 0.0 | 0.0 | 22.22 | 0.0 | 0.0 | 15.05 | 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) | 0.95 | -19.49 | 25.67 | -9.83 | 8.33 | -9.85 | 6.77 | -5.53 | 8.98 | -23.77 | 7.65 | -16.21 | 6.67 | -19.54 | 4.51 | -24.07 | 0.53 | -13.11 | 16.92 | -13.81 | 83.55 | 81.28 | 93.10 | 17.93 | 6.90 | -67.24 | 0.15 | -21.77 | 21.62 | 11.96 |
| 2022 (9) | 1.18 | 57.33 | 28.47 | 7.84 | 9.24 | 7.32 | 7.17 | -12.39 | 11.78 | 30.02 | 9.13 | 36.88 | 8.29 | 56.71 | 5.94 | 56.32 | 0.61 | 17.31 | 19.63 | 10.03 | 46.09 | -8.17 | 78.95 | -17.62 | 21.05 | 405.26 | 0.19 | -5.57 | 19.31 | -9.68 |
| 2021 (8) | 0.75 | -18.48 | 26.40 | -7.11 | 8.61 | -22.99 | 8.18 | 0.63 | 9.06 | -10.47 | 6.67 | -10.71 | 5.29 | -14.81 | 3.80 | -11.42 | 0.52 | 0.0 | 17.84 | -6.5 | 50.19 | -11.31 | 95.83 | -13.15 | 4.17 | 0 | 0.20 | 4.91 | 21.38 | 6.16 |
| 2020 (7) | 0.92 | -33.81 | 28.42 | 2.67 | 11.18 | -1.41 | 8.13 | 16.96 | 10.12 | -12.08 | 7.47 | -19.16 | 6.21 | -31.83 | 4.29 | -28.02 | 0.52 | -11.86 | 19.08 | -2.85 | 56.59 | -9.54 | 110.34 | 10.34 | -10.34 | 0 | 0.19 | 3.37 | 20.14 | 10.84 |
| 2019 (6) | 1.39 | -33.17 | 27.68 | -7.24 | 11.34 | -28.05 | 6.95 | 3.6 | 11.51 | -26.64 | 9.24 | -30.89 | 9.11 | -34.55 | 5.96 | -28.54 | 0.59 | 1.72 | 19.64 | -17.41 | 62.56 | -10.64 | 100.00 | -1.92 | 2.63 | 0 | 0.18 | 2.17 | 18.17 | 9.59 |
| 2018 (5) | 2.08 | 49.64 | 29.84 | 0.24 | 15.76 | 7.8 | 6.71 | -14.63 | 15.69 | 33.87 | 13.37 | 34.64 | 13.92 | 42.19 | 8.34 | 51.91 | 0.58 | 18.37 | 23.78 | 12.86 | 70.01 | -21.47 | 101.96 | -17.93 | 0.00 | 0 | 0.18 | 0 | 16.58 | 2.79 |
| 2017 (4) | 1.39 | 0 | 29.77 | 35.69 | 14.62 | 281.72 | 7.86 | -14.32 | 11.72 | 0 | 9.93 | 0 | 9.79 | 0 | 5.49 | 0 | 0.49 | 28.95 | 21.07 | 101.05 | 89.15 | -22.13 | 124.24 | 0 | -24.24 | 0 | 0.00 | 0 | 16.13 | -8.82 |
| 2016 (3) | -0.31 | 0 | 21.94 | 2.38 | 3.83 | -55.98 | 9.17 | 17.96 | -0.79 | 0 | -2.62 | 0 | -2.11 | 0 | -0.40 | 0 | 0.38 | -15.56 | 10.48 | -48.85 | 114.48 | 0.51 | -450.00 | 0 | 550.00 | 2335.71 | 0.00 | 0 | 17.69 | 0.28 |
| 2015 (2) | 1.33 | 5.56 | 21.43 | 3.88 | 8.70 | 9.16 | 7.77 | 0.09 | 11.11 | 15.49 | 8.87 | 19.06 | 8.23 | 9.59 | 4.55 | -1.09 | 0.45 | -16.67 | 20.49 | 9.16 | 113.90 | 20.57 | 80.65 | -3.23 | 22.58 | 35.48 | 0.00 | 0 | 17.64 | 6.84 |
| 2014 (1) | 1.26 | -29.61 | 20.63 | 0 | 7.97 | 0 | 7.77 | 13.13 | 9.62 | 0 | 7.45 | 0 | 7.51 | 0 | 4.60 | 0 | 0.54 | -23.94 | 18.77 | -8.88 | 94.47 | 21.93 | 83.33 | -12.5 | 16.67 | 133.33 | 0.00 | 0 | 16.51 | 7.63 |
