- 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) | 0.31 | 181.58 | -27.91 | 51.01 | -4.78 | -7.57 | -2.29 | 80.26 | -108.62 | -1.96 | 90.62 | -116.35 | 18.04 | 168.67 | 15.64 | 0.60 | 181.08 | -28.57 | 0.59 | 251.28 | -28.05 | 0.03 | 50.0 | -25.0 | 8.64 | 298.62 | -57.44 | 27.76 | -11.54 | 1.2 | 100.00 | 75.0 | -54.29 | -0.00 | -100.0 | 100.0 | 36.59 | -14.65 | 72.27 |
| 24Q2 (19) | -0.38 | -8.57 | -322.22 | 53.57 | -2.85 | -14.9 | -11.60 | -436.23 | -159.52 | -20.90 | -51.89 | -441.5 | -26.27 | -25.57 | -481.19 | -0.74 | -8.82 | -362.5 | -0.39 | -2.63 | -750.0 | 0.02 | -33.33 | -33.33 | -4.35 | -253.66 | -124.74 | 31.38 | 4.08 | -18.3 | 57.14 | 309.52 | -80.95 | 42.86 | -66.33 | 121.43 | 42.87 | 12.23 | 41.35 |
| 24Q1 (18) | -0.35 | -52.17 | -187.5 | 55.14 | -35.34 | -24.05 | 3.45 | -88.89 | -88.42 | -13.76 | -149.43 | -146.35 | -20.92 | -68.71 | -191.67 | -0.68 | -54.55 | -194.44 | -0.38 | -137.5 | -153.52 | 0.03 | 0.0 | 50.0 | -1.23 | -102.78 | -102.92 | 30.15 | -0.13 | -0.43 | -27.27 | -125.25 | -127.27 | 127.27 | 1160.61 | 0 | 38.20 | 17.57 | 15.83 |
| 23Q4 (17) | -0.23 | -153.49 | -125.56 | 85.28 | 54.52 | 48.93 | 31.05 | 16.82 | 16.03 | 27.84 | 132.19 | -37.58 | -12.40 | -179.49 | -132.08 | -0.44 | -152.38 | -126.99 | -0.16 | -119.51 | -111.51 | 0.03 | -25.0 | 0.0 | 44.32 | 118.33 | -18.0 | 30.19 | 10.06 | -4.52 | 108.00 | -50.63 | 76.4 | -12.00 | 89.89 | -129.4 | 32.49 | 52.97 | 31.81 |
| 23Q3 (16) | 0.43 | 577.78 | -38.57 | 55.19 | -12.33 | -13.54 | 26.58 | 36.38 | -37.82 | 11.99 | 95.92 | -52.96 | 15.60 | 445.13 | -16.8 | 0.84 | 625.0 | -34.88 | 0.82 | 1266.67 | -22.64 | 0.04 | 33.33 | -20.0 | 20.30 | 15.47 | -33.94 | 27.43 | -28.59 | -17.28 | 218.75 | -27.08 | 30.68 | -118.75 | 40.62 | -76.21 | 21.24 | -29.97 | 13.95 |
| 23Q2 (15) | -0.09 | -122.5 | -118.75 | 62.95 | -13.29 | -18.03 | 19.49 | -34.58 | -62.5 | 6.12 | -79.39 | -81.2 | -4.52 | -119.81 | -122.61 | -0.16 | -122.22 | -118.82 | 0.06 | -91.55 | -91.43 | 0.03 | 50.0 | 0.0 | 17.58 | -58.31 | -54.05 | 38.41 | 26.85 | -8.42 | 300.00 | 200.0 | 85.0 | -200.00 | 0 | -236.36 | 30.33 | -8.04 | 4.48 |
| 23Q1 (14) | 0.40 | -55.56 | -77.65 | 72.60 | 26.79 | -9.87 | 29.79 | 11.32 | -59.07 | 29.69 | -33.43 | -55.15 | 22.82 | -40.96 | -59.48 | 0.72 | -55.83 | -77.14 | 0.71 | -48.92 | -71.26 | 0.02 | -33.33 | -50.0 | 42.17 | -21.98 | -39.53 | 30.28 | -4.24 | -1.11 | 100.00 | 63.33 | -9.01 | 0.00 | -100.0 | 100.0 | 32.98 | 33.79 | 53.68 |
| 22Q4 (13) | 0.90 | 28.57 | -30.23 | 57.26 | -10.29 | -30.2 | 26.76 | -37.4 | -37.17 | 44.60 | 74.97 | -3.61 | 38.65 | 106.13 | 10.11 | 1.63 | 26.36 | -31.8 | 1.39 | 31.13 | -25.67 | 0.03 | -40.0 | -40.0 | 54.05 | 75.89 | 9.35 | 31.62 | -4.64 | 3.2 | 61.22 | -63.42 | -33.88 | 40.82 | 160.57 | 451.02 | 24.65 | 32.24 | 43.4 |
| 22Q3 (12) | 0.70 | 45.83 | -54.25 | 63.83 | -16.89 | -10.07 | 42.75 | -17.76 | -12.29 | 25.49 | -21.71 | -49.55 | 18.75 | -6.2 | -53.79 | 1.29 | 51.76 | -55.82 | 1.06 | 51.43 | -51.6 | 0.05 | 66.67 | 0.0 | 30.73 | -19.68 | -42.98 | 33.16 | -20.93 | -2.07 | 167.39 | 3.22 | 73.1 | -67.39 | -13.34 | -2144.2 | 18.64 | -35.79 | 0.11 |
| 22Q2 (11) | 0.48 | -73.18 | -71.08 | 76.80 | -4.66 | 0.03 | 51.98 | -28.59 | -19.15 | 32.56 | -50.82 | -60.67 | 19.99 | -64.51 | -73.46 | 0.85 | -73.02 | -73.02 | 0.70 | -71.66 | -69.57 | 0.03 | -25.0 | 0.0 | 38.26 | -45.14 | -56.8 | 41.94 | 36.97 | -0.19 | 162.16 | 47.55 | 107.47 | -59.46 | -500.54 | -372.26 | 29.03 | 35.27 | -2.49 |
| 22Q1 (10) | 1.79 | 38.76 | 103.41 | 80.55 | -1.8 | 11.0 | 72.79 | 70.91 | 70.79 | 66.20 | 43.07 | 59.71 | 56.32 | 60.46 | 46.78 | 3.15 | 31.8 | 89.76 | 2.47 | 32.09 | 96.03 | 0.04 | -20.0 | 33.33 | 69.74 | 41.09 | 47.54 | 30.62 | -0.07 | -24.43 | 109.90 | 18.69 | 7.56 | -9.90 | -233.66 | -355.45 | 21.46 | 24.84 | -15.04 |
| 21Q4 (9) | 1.29 | -15.69 | 122.41 | 82.03 | 15.57 | 21.17 | 42.59 | -12.62 | 9804.65 | 46.27 | -8.43 | 88.7 | 35.10 | -13.5 | 46.19 | 2.39 | -18.15 | 115.32 | 1.87 | -14.61 | 122.62 | 0.05 | 0.0 | 66.67 | 49.43 | -8.28 | 67.16 | 30.64 | -9.51 | -24.87 | 92.59 | -4.25 | 0 | 7.41 | 124.69 | -92.59 | 17.19 | -7.68 | -26.91 |
| 21Q3 (8) | 1.53 | -7.83 | 118.57 | 70.98 | -7.55 | 10.73 | 48.74 | -24.19 | 102.32 | 50.53 | -38.97 | 21.0 | 40.58 | -46.12 | 34.15 | 2.92 | -7.3 | 108.57 | 2.19 | -4.78 | 121.21 | 0.05 | 66.67 | 66.67 | 53.89 | -39.16 | 14.0 | 33.86 | -19.42 | -34.86 | 96.70 | 23.72 | 64.75 | 3.30 | -84.9 | -92.02 | 18.62 | -37.45 | -25.4 |
| 21Q2 (7) | 1.66 | 88.64 | 1283.33 | 76.78 | 5.8 | 11.29 | 64.29 | 50.84 | 277.3 | 82.79 | 99.73 | 372.28 | 75.31 | 96.27 | 406.46 | 3.15 | 89.76 | 1269.57 | 2.30 | 82.54 | 820.0 | 0.03 | 0.0 | 200.0 | 88.57 | 87.37 | 130.29 | 42.02 | 3.7 | -29.92 | 78.16 | -23.5 | 139.08 | 21.84 | 1104.6 | -92.72 | 29.77 | 17.85 | 0 |
| 21Q1 (6) | 0.88 | 51.72 | -33.83 | 72.57 | 7.19 | -13.2 | 42.62 | 9811.63 | -27.39 | 41.45 | 69.05 | -28.91 | 38.37 | 59.81 | -15.76 | 1.66 | 49.55 | -28.76 | 1.26 | 50.0 | -30.39 | 0.03 | 0.0 | -25.0 | 47.27 | 59.86 | -24.48 | 40.52 | -0.64 | 10.02 | 102.17 | 0 | 0.93 | -2.17 | -102.17 | -76.09 | 25.26 | 7.4 | 17.38 |
| 20Q4 (5) | 0.58 | -17.14 | -87.42 | 67.70 | 5.62 | -23.44 | 0.43 | -98.22 | -99.38 | 24.52 | -41.28 | -71.95 | 24.01 | -20.63 | -73.43 | 1.11 | -20.71 | -86.82 | 0.84 | -15.15 | -86.14 | 0.03 | 0.0 | -57.14 | 29.57 | -37.44 | -67.2 | 40.78 | -21.55 | 8.72 | 0.00 | -100.0 | -100.0 | 100.00 | 142.11 | 395.35 | 23.52 | -5.77 | 65.98 |
| 20Q3 (4) | 0.70 | 483.33 | 0.0 | 64.10 | -7.09 | 0.0 | 24.09 | 166.44 | 0.0 | 41.76 | 138.22 | 0.0 | 30.25 | 103.43 | 0.0 | 1.40 | 508.7 | 0.0 | 0.99 | 296.0 | 0.0 | 0.03 | 200.0 | 0.0 | 47.27 | 22.91 | 0.0 | 51.98 | -13.31 | 0.0 | 58.70 | 129.35 | 0.0 | 41.30 | -86.23 | 0.0 | 24.96 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | -90.98 | 0.0 | 68.99 | -17.49 | 0.0 | -36.26 | -161.77 | 0.0 | 17.53 | -69.94 | 0.0 | 14.87 | -67.35 | 0.0 | 0.23 | -90.13 | 0.0 | 0.25 | -86.19 | 0.0 | 0.01 | -75.0 | 0.0 | 38.46 | -38.55 | 0.0 | 59.96 | 62.8 | 0.0 | -200.00 | -297.56 | 0.0 | 300.00 | 24400.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.33 | -71.15 | 0.0 | 83.61 | -5.45 | 0.0 | 58.70 | -15.97 | 0.0 | 58.31 | -33.28 | 0.0 | 45.55 | -49.6 | 0.0 | 2.33 | -72.33 | 0.0 | 1.81 | -70.13 | 0.0 | 0.04 | -42.86 | 0.0 | 62.59 | -30.58 | 0.0 | 36.83 | -1.81 | 0.0 | 101.23 | 26.84 | 0.0 | -1.23 | -106.12 | 0.0 | 21.52 | 51.87 | 0.0 |
| 19Q4 (1) | 4.61 | 0.0 | 0.0 | 88.43 | 0.0 | 0.0 | 69.86 | 0.0 | 0.0 | 87.40 | 0.0 | 0.0 | 90.37 | 0.0 | 0.0 | 8.42 | 0.0 | 0.0 | 6.06 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 90.16 | 0.0 | 0.0 | 37.51 | 0.0 | 0.0 | 79.81 | 0.0 | 0.0 | 20.19 | 0.0 | 0.0 | 14.17 | 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) | 0.52 | -86.53 | 67.34 | -3.47 | 26.62 | -46.41 | 4.04 | 60.46 | 17.89 | -57.27 | 6.25 | -81.19 | 0.98 | -86.12 | 1.47 | -74.7 | 0.12 | -25.0 | 29.29 | -38.54 | 30.19 | -4.52 | 147.89 | 24.85 | -49.30 | 0 | 0.00 | 0 | 28.30 | 24.4 |
| 2022 (9) | 3.86 | -27.99 | 69.76 | -7.91 | 49.67 | 2.35 | 2.52 | 19.81 | 41.87 | -21.62 | 33.23 | -25.94 | 7.06 | -28.97 | 5.81 | -23.65 | 0.16 | 0.0 | 47.66 | -17.29 | 31.62 | 3.2 | 118.45 | 30.43 | -18.45 | 0 | 0.00 | 0 | 22.75 | 5.72 |
| 2021 (8) | 5.36 | 97.06 | 75.75 | 4.73 | 48.53 | 106.6 | 2.10 | -5.9 | 53.42 | 32.79 | 44.87 | 39.0 | 9.94 | 100.81 | 7.61 | 93.15 | 0.16 | 45.45 | 57.62 | 22.86 | 30.64 | -24.87 | 90.82 | 54.87 | 9.18 | -77.8 | 0.00 | 0 | 21.52 | -20.85 |
| 2020 (7) | 2.72 | -81.7 | 72.33 | -15.0 | 23.49 | -66.25 | 2.23 | 2345.41 | 40.23 | -47.46 | 32.28 | -50.27 | 4.95 | -82.11 | 3.94 | -81.05 | 0.11 | -64.52 | 46.90 | -40.49 | 40.78 | 8.72 | 58.64 | -35.43 | 41.36 | 356.57 | 0.00 | 0 | 27.19 | 101.71 |
| 2019 (6) | 14.86 | 7.06 | 85.09 | -0.08 | 69.60 | 2.01 | 0.09 | 0 | 76.57 | 6.52 | 64.91 | 20.74 | 27.67 | 17.44 | 20.79 | 16.99 | 0.31 | -3.13 | 78.81 | 7.69 | 37.51 | 6.17 | 90.82 | -4.28 | 9.06 | 76.89 | 0.00 | 0 | 13.48 | -3.3 |
| 2018 (5) | 13.88 | 10.25 | 85.16 | 3.68 | 68.23 | 5.15 | 0.00 | 0 | 71.88 | 2.15 | 53.76 | 2.19 | 23.56 | 1.38 | 17.77 | 2.3 | 0.32 | 0.0 | 73.18 | 2.15 | 35.33 | 1.96 | 94.88 | 3.0 | 5.12 | -33.54 | 0.00 | 0 | 13.94 | -9.07 |
| 2017 (4) | 12.59 | 22.0 | 82.14 | 1.53 | 64.89 | 5.77 | 0.00 | 0 | 70.37 | 11.06 | 52.61 | 14.25 | 23.24 | 8.45 | 17.37 | 1.11 | 0.32 | -13.51 | 71.64 | 10.88 | 34.65 | -9.7 | 92.12 | -4.79 | 7.71 | 137.34 | 0.00 | 0 | 15.33 | -14.69 |
| 2016 (3) | 10.32 | 28.04 | 80.90 | 1.2 | 61.35 | 16.44 | 0.14 | -15.5 | 63.36 | 9.81 | 46.05 | 13.14 | 21.43 | 7.74 | 17.18 | 10.27 | 0.37 | -2.63 | 64.61 | 10.56 | 38.37 | 151.44 | 96.75 | 6.01 | 3.25 | -62.82 | 0.00 | 0 | 17.97 | -27.89 |
| 2015 (2) | 8.06 | 12.1 | 79.94 | -2.25 | 52.69 | -3.11 | 0.16 | -74.19 | 57.70 | -3.4 | 40.70 | -5.96 | 19.89 | -10.16 | 15.58 | 0.06 | 0.38 | 8.57 | 58.44 | -5.5 | 15.26 | -69.42 | 91.27 | 0.04 | 8.73 | -4.28 | 0.00 | 0 | 24.92 | -2.01 |
| 2014 (1) | 7.19 | 18.84 | 81.78 | 0 | 54.38 | 0 | 0.63 | -42.52 | 59.73 | 0 | 43.28 | 0 | 22.14 | 0 | 15.57 | 0 | 0.35 | -18.6 | 61.84 | 12.6 | 49.91 | 20.99 | 91.23 | -2.69 | 9.12 | 56.39 | 0.00 | 0 | 25.43 | -3.89 |
