- 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) | 0.29 | -12.12 | 383.33 | 12.84 | -6.75 | 68.5 | 5.92 | -12.94 | 213.23 | 5.60 | -17.53 | 166.67 | 3.56 | -17.78 | 328.92 | 2.11 | -13.52 | 502.86 | 1.36 | -12.82 | 325.0 | 0.35 | 6.06 | 40.0 | 11.76 | -11.91 | 9.8 | 68.23 | -8.18 | 6.0 | 105.57 | 5.44 | 17.45 | -5.57 | -4295.86 | -155.1 | 6.75 | -5.59 | -22.24 |
| 24Q2 (19) | 0.33 | 230.0 | 43.48 | 13.77 | 38.67 | 19.01 | 6.80 | 167.72 | 25.93 | 6.79 | 168.38 | 30.33 | 4.33 | 200.69 | 26.61 | 2.44 | 264.18 | 51.55 | 1.56 | 200.0 | 40.54 | 0.33 | 17.86 | 13.79 | 13.35 | 27.51 | 5.87 | 74.31 | 14.53 | 6.71 | 100.13 | -0.29 | -3.25 | -0.13 | 69.96 | 96.37 | 7.15 | -8.68 | -7.62 |
| 24Q1 (18) | 0.10 | 300.0 | -47.37 | 9.93 | 80.55 | -20.43 | 2.54 | 523.33 | -44.18 | 2.53 | 451.39 | -41.84 | 1.44 | 217.07 | -54.86 | 0.67 | 236.73 | -47.66 | 0.52 | 388.89 | -44.09 | 0.28 | 16.67 | 7.69 | 10.47 | 20.76 | -17.3 | 64.88 | 2.3 | 24.22 | 100.42 | 19.25 | -3.79 | -0.42 | -102.41 | 90.37 | 7.83 | -6.23 | -3.09 |
| 23Q4 (17) | -0.05 | -183.33 | -400.0 | 5.50 | -27.82 | -50.32 | -0.60 | -131.75 | -115.96 | -0.72 | -134.29 | -201.41 | -1.23 | -248.19 | -141.18 | -0.49 | -240.0 | -133.33 | -0.18 | -156.25 | -800.0 | 0.24 | -4.0 | -7.69 | 8.67 | -19.05 | -1.48 | 63.42 | -1.48 | 10.18 | 84.21 | -6.32 | -84.0 | 17.54 | 73.49 | 104.12 | 8.35 | -3.8 | 15.17 |
| 23Q3 (16) | 0.06 | -73.91 | -87.5 | 7.62 | -34.14 | -49.5 | 1.89 | -65.0 | -75.61 | 2.10 | -59.69 | -74.67 | 0.83 | -75.73 | -86.55 | 0.35 | -78.26 | -89.64 | 0.32 | -71.17 | -84.62 | 0.25 | -13.79 | -21.88 | 10.71 | -15.07 | -26.09 | 64.37 | -7.57 | -0.05 | 89.89 | -13.14 | -3.85 | 10.11 | 389.89 | 55.32 | 8.68 | 12.14 | 25.98 |
| 23Q2 (15) | 0.23 | 21.05 | -58.18 | 11.57 | -7.29 | -32.69 | 5.40 | 18.68 | -36.77 | 5.21 | 19.77 | -41.66 | 3.42 | 7.21 | -50.79 | 1.61 | 25.78 | -58.51 | 1.11 | 19.35 | -52.36 | 0.29 | 11.54 | -9.38 | 12.61 | -0.39 | -15.6 | 69.64 | 33.33 | -10.42 | 103.49 | -0.86 | 8.19 | -3.49 | 20.38 | -178.63 | 7.74 | -4.21 | 14.84 |
| 23Q1 (14) | 0.19 | 2000.0 | -51.28 | 12.48 | 12.74 | -16.97 | 4.55 | 21.01 | -34.44 | 4.35 | 512.68 | -42.08 | 3.19 | 725.49 | -45.19 | 1.28 | 709.52 | -54.45 | 0.93 | 4750.0 | -44.97 | 0.26 | 0.0 | -7.14 | 12.66 | 43.86 | -12.02 | 52.23 | -9.26 | -24.65 | 104.38 | -80.16 | 13.03 | -4.38 | 98.97 | -157.25 | 8.08 | 11.45 | 12.69 |
| 22Q4 (13) | -0.01 | -102.08 | -103.12 | 11.07 | -26.64 | -17.45 | 3.76 | -51.48 | -32.62 | 0.71 | -91.44 | -88.82 | -0.51 | -108.27 | -111.94 | -0.21 | -106.21 | -108.86 | -0.02 | -100.96 | -101.45 | 0.26 | -18.75 | -13.33 | 8.80 | -39.27 | -29.82 | 57.56 | -10.62 | -28.67 | 526.15 | 462.8 | 498.39 | -426.15 | -6645.46 | -3630.3 | 7.25 | 5.22 | 15.26 |
| 22Q3 (12) | 0.48 | -12.73 | 9.09 | 15.09 | -12.22 | 3.07 | 7.75 | -9.25 | 5.87 | 8.29 | -7.17 | 12.94 | 6.17 | -11.22 | 6.93 | 3.38 | -12.89 | 0.0 | 2.08 | -10.73 | 11.23 | 0.32 | 0.0 | 3.23 | 14.49 | -3.01 | 8.38 | 64.40 | -17.16 | -28.08 | 93.49 | -2.27 | -6.29 | 6.51 | 46.76 | 1762.05 | 6.89 | 2.23 | 9.19 |
| 22Q2 (11) | 0.55 | 41.03 | 83.33 | 17.19 | 14.37 | 36.65 | 8.54 | 23.05 | 53.6 | 8.93 | 18.91 | 65.99 | 6.95 | 19.42 | 63.53 | 3.88 | 38.08 | 72.44 | 2.33 | 37.87 | 75.19 | 0.32 | 14.29 | 10.34 | 14.94 | 3.82 | 24.29 | 77.74 | 12.15 | -13.55 | 95.66 | 3.58 | -7.44 | 4.44 | -42.03 | 232.62 | 6.74 | -6.0 | 1.2 |
| 22Q1 (10) | 0.39 | 21.88 | 225.0 | 15.03 | 12.08 | 40.34 | 6.94 | 24.37 | 109.67 | 7.51 | 18.27 | 147.85 | 5.82 | 36.3 | 156.39 | 2.81 | 18.57 | 205.43 | 1.69 | 22.46 | 168.25 | 0.28 | -6.67 | 21.74 | 14.39 | 14.75 | 23.31 | 69.32 | -14.09 | -8.08 | 92.35 | 5.02 | -15.52 | 7.65 | -36.6 | 182.19 | 7.17 | 13.99 | -9.58 |
| 21Q4 (9) | 0.32 | -27.27 | 700.0 | 13.41 | -8.4 | 50.17 | 5.58 | -23.77 | 357.38 | 6.35 | -13.49 | 420.49 | 4.27 | -26.0 | 340.21 | 2.37 | -29.88 | 597.06 | 1.38 | -26.2 | 345.16 | 0.30 | -3.23 | 50.0 | 12.54 | -6.21 | 8.57 | 80.69 | -9.89 | 12.54 | 87.93 | -11.87 | -12.07 | 12.07 | 3352.4 | 0 | 6.29 | -0.32 | -21.67 |
| 21Q3 (8) | 0.44 | 46.67 | 15.79 | 14.64 | 16.38 | -6.27 | 7.32 | 31.65 | -11.59 | 7.34 | 36.43 | -15.63 | 5.77 | 35.76 | -13.1 | 3.38 | 50.22 | 7.64 | 1.87 | 40.6 | 1.63 | 0.31 | 6.9 | 19.23 | 13.37 | 11.23 | -18.72 | 89.55 | -0.41 | 16.31 | 99.77 | -3.46 | 4.82 | 0.35 | 110.45 | -92.74 | 6.31 | -5.26 | -11.0 |
| 21Q2 (7) | 0.30 | 150.0 | 36.36 | 12.58 | 17.46 | -0.4 | 5.56 | 67.98 | -2.97 | 5.38 | 77.56 | -6.76 | 4.25 | 87.22 | 0.47 | 2.25 | 144.57 | 27.84 | 1.33 | 111.11 | 24.3 | 0.29 | 26.09 | 31.82 | 12.02 | 3.0 | -18.45 | 89.92 | 19.24 | 5.42 | 103.35 | -5.46 | 4.04 | -3.35 | 64.08 | -599.53 | 6.66 | -16.02 | -6.98 |
| 21Q1 (6) | 0.12 | 200.0 | 300.0 | 10.71 | 19.93 | 62.27 | 3.31 | 171.31 | 325.17 | 3.03 | 148.36 | 256.99 | 2.27 | 134.02 | 229.71 | 0.92 | 170.59 | 258.62 | 0.63 | 103.23 | 450.0 | 0.23 | 15.0 | 27.78 | 11.67 | 1.04 | 21.56 | 75.41 | 5.17 | -11.47 | 109.31 | 9.31 | 44.15 | -9.31 | 0 | -139.91 | 7.93 | -1.25 | -4.57 |
| 20Q4 (5) | 0.04 | -89.47 | 0 | 8.93 | -42.83 | 63.85 | 1.22 | -85.27 | 194.57 | 1.22 | -85.98 | 139.22 | 0.97 | -85.39 | 1177.78 | 0.34 | -89.17 | 950.0 | 0.31 | -83.15 | 121.43 | 0.20 | -23.08 | -4.76 | 11.55 | -29.79 | 11.59 | 71.70 | -6.87 | -16.57 | 100.00 | 5.06 | 139.8 | 0.00 | -100.0 | -100.0 | 8.03 | 13.26 | 14.06 |
| 20Q3 (4) | 0.38 | 72.73 | 0.0 | 15.62 | 23.67 | 0.0 | 8.28 | 44.5 | 0.0 | 8.70 | 50.78 | 0.0 | 6.64 | 56.97 | 0.0 | 3.14 | 78.41 | 0.0 | 1.84 | 71.96 | 0.0 | 0.26 | 18.18 | 0.0 | 16.45 | 11.6 | 0.0 | 76.99 | -9.74 | 0.0 | 95.18 | -4.17 | 0.0 | 4.82 | 619.22 | 0.0 | 7.09 | -0.98 | 0.0 |
| 20Q2 (3) | 0.22 | 466.67 | 0.0 | 12.63 | 91.36 | 0.0 | 5.73 | 489.8 | 0.0 | 5.77 | 398.96 | 0.0 | 4.23 | 341.71 | 0.0 | 1.76 | 403.45 | 0.0 | 1.07 | 694.44 | 0.0 | 0.22 | 22.22 | 0.0 | 14.74 | 53.54 | 0.0 | 85.30 | 0.14 | 0.0 | 99.33 | 30.99 | 0.0 | 0.67 | -97.13 | 0.0 | 7.16 | -13.84 | 0.0 |
| 20Q1 (2) | -0.06 | 0 | 0.0 | 6.60 | 21.1 | 0.0 | -1.47 | -13.95 | 0.0 | -1.93 | -478.43 | 0.0 | -1.75 | -1844.44 | 0.0 | -0.58 | -1350.0 | 0.0 | -0.18 | -228.57 | 0.0 | 0.18 | -14.29 | 0.0 | 9.60 | -7.25 | 0.0 | 85.18 | -0.88 | 0.0 | 75.83 | 130.18 | 0.0 | 23.33 | -93.31 | 0.0 | 8.31 | 18.04 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 5.45 | 0.0 | 0.0 | -1.29 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | -0.09 | 0.0 | 0.0 | -0.04 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 10.35 | 0.0 | 0.0 | 85.94 | 0.0 | 0.0 | -251.28 | 0.0 | 0.0 | 348.72 | 0.0 | 0.0 | 7.04 | 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) | 0.43 | -69.72 | 9.48 | -36.03 | 2.98 | -57.06 | 7.83 | 24.97 | 2.91 | -56.57 | 1.69 | -65.58 | 2.83 | -71.41 | 2.20 | -64.91 | 1.04 | -13.33 | 11.28 | -15.88 | 63.42 | 10.18 | 102.63 | -0.97 | -2.63 | 0 | 0.01 | -46.42 | 8.19 | 17.17 |
| 2022 (9) | 1.42 | 21.37 | 14.82 | 13.82 | 6.94 | 23.49 | 6.27 | -0.48 | 6.70 | 16.93 | 4.91 | 14.45 | 9.90 | 12.76 | 6.27 | 16.76 | 1.20 | 3.45 | 13.41 | 7.54 | 57.56 | -28.67 | 103.64 | 5.75 | -3.64 | 0 | 0.02 | -96.96 | 6.99 | 4.17 |
| 2021 (8) | 1.17 | 101.72 | 13.02 | 13.81 | 5.62 | 41.56 | 6.30 | -27.74 | 5.73 | 42.89 | 4.29 | 44.44 | 8.78 | 92.54 | 5.37 | 77.23 | 1.16 | 34.88 | 12.47 | -7.36 | 80.69 | 12.54 | 98.00 | -0.93 | 2.00 | 84.77 | 0.75 | -20.09 | 6.71 | -11.48 |
| 2020 (7) | 0.58 | 70.59 | 11.44 | 23.28 | 3.97 | 66.81 | 8.72 | 3.88 | 4.01 | 91.87 | 2.97 | 118.38 | 4.56 | 100.88 | 3.03 | 58.64 | 0.86 | -4.44 | 13.46 | 17.35 | 71.70 | -16.57 | 98.92 | -13.24 | 1.08 | 0 | 0.94 | -3.21 | 7.58 | 5.87 |
| 2019 (6) | 0.34 | -63.83 | 9.28 | -2.83 | 2.38 | -15.0 | 8.39 | 16.36 | 2.09 | -66.51 | 1.36 | -69.02 | 2.27 | -71.01 | 1.91 | -60.62 | 0.90 | -4.26 | 11.47 | -20.57 | 85.94 | -0.89 | 114.01 | 154.26 | -14.01 | 0 | 0.97 | 0.08 | 7.16 | 1.27 |
| 2018 (5) | 0.94 | 147.37 | 9.55 | -9.56 | 2.80 | -26.12 | 7.21 | -8.74 | 6.24 | 134.59 | 4.39 | 137.3 | 7.83 | 150.16 | 4.85 | 94.0 | 0.94 | 10.59 | 14.44 | 21.04 | 86.71 | -6.42 | 44.84 | -68.49 | 55.16 | 0 | 0.97 | 0 | 7.07 | -0.7 |
| 2017 (4) | 0.38 | -44.12 | 10.56 | -20.3 | 3.79 | -33.97 | 7.90 | -6.08 | 2.66 | -39.13 | 1.85 | -43.43 | 3.13 | -43.09 | 2.50 | -31.13 | 0.85 | 8.97 | 11.93 | -18.29 | 92.66 | -14.43 | 142.30 | 8.24 | -42.30 | 0 | 0.00 | 0 | 7.12 | -3.65 |
| 2016 (3) | 0.68 | 83.78 | 13.25 | 34.11 | 5.74 | 90.7 | 8.41 | 7.02 | 4.37 | 125.26 | 3.27 | 140.44 | 5.50 | 125.41 | 3.63 | 65.75 | 0.78 | 1.3 | 14.60 | 24.36 | 108.29 | -12.35 | 131.47 | -15.21 | -31.47 | 0 | 0.00 | 0 | 7.39 | 12.31 |
| 2015 (2) | 0.37 | -24.49 | 9.88 | -3.89 | 3.01 | -15.92 | 7.86 | 15.13 | 1.94 | -28.41 | 1.36 | -34.93 | 2.44 | -34.05 | 2.19 | -10.98 | 0.77 | 2.67 | 11.74 | 5.96 | 123.55 | -14.33 | 155.05 | 17.57 | -55.19 | 0 | 0.00 | 0 | 6.58 | 17.08 |
| 2014 (1) | 0.49 | -38.75 | 10.28 | 0 | 3.58 | 0 | 6.83 | 9.17 | 2.71 | 0 | 2.09 | 0 | 3.70 | 0 | 2.46 | 0 | 0.75 | -3.85 | 11.08 | -11.43 | 144.21 | 14.88 | 131.88 | 32.87 | -31.78 | 0 | 0.00 | 0 | 5.62 | 8.29 |
