- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | -0.19 | -2000.0 | -480.0 | 24.87 | -25.02 | -16.26 | -11.64 | -353.59 | -975.19 | -4.25 | -672.73 | -221.43 | -3.29 | -648.33 | -217.08 | -0.37 | -562.5 | -197.37 | -0.19 | -311.11 | -161.29 | 0.07 | -22.22 | -22.22 | 6.61 | -19.49 | -46.35 | 52.12 | -1.7 | 14.85 | 278.95 | 133.47 | 657.14 | -178.95 | -119.17 | -383.33 | 41.36 | 26.1 | 26.52 |
| 23Q4 (19) | 0.01 | -92.86 | -97.44 | 33.17 | 2.66 | 4.94 | 4.59 | 92.86 | -46.13 | -0.55 | -108.09 | -105.45 | 0.60 | -89.38 | -93.07 | 0.08 | -88.89 | -94.74 | 0.09 | -83.02 | -91.67 | 0.09 | 0.0 | -25.0 | 8.21 | -49.76 | -51.07 | 53.02 | 10.23 | 24.29 | -833.33 | -2530.56 | -1083.61 | 933.33 | 1320.29 | 6009.09 | 32.80 | 0.86 | 16.6 |
| 23Q3 (18) | 0.14 | 193.33 | -74.55 | 32.31 | 14.53 | -5.28 | 2.38 | 172.34 | -75.34 | 6.80 | 603.7 | -47.49 | 5.65 | 484.35 | -45.41 | 0.72 | 442.86 | -64.88 | 0.53 | 630.0 | -61.59 | 0.09 | -10.0 | -30.77 | 16.34 | 123.84 | -13.86 | 48.10 | 3.53 | -2.24 | 34.29 | -84.76 | -54.14 | 65.71 | 147.79 | 160.33 | 32.52 | -7.74 | 12.96 |
| 23Q2 (17) | -0.15 | -400.0 | -118.75 | 28.21 | -5.02 | -19.63 | -3.29 | -347.37 | -126.32 | -1.35 | -138.57 | -108.42 | -1.47 | -152.31 | -110.99 | -0.21 | -155.26 | -107.14 | -0.10 | -132.26 | -105.21 | 0.10 | 11.11 | -28.57 | 7.30 | -40.75 | -66.2 | 46.46 | 2.38 | -17.68 | 225.00 | 510.71 | 187.5 | -137.50 | -317.71 | -712.1 | 35.25 | 7.83 | 24.12 |
| 23Q1 (16) | 0.05 | -87.18 | -94.95 | 29.70 | -6.04 | -19.66 | 1.33 | -84.39 | -91.45 | 3.50 | -65.31 | -81.01 | 2.81 | -67.55 | -81.91 | 0.38 | -75.0 | -88.95 | 0.31 | -71.3 | -86.28 | 0.09 | -25.0 | -35.71 | 12.32 | -26.58 | -48.56 | 45.38 | 6.38 | -20.57 | 36.84 | -56.51 | -56.23 | 63.16 | 313.4 | 299.16 | 32.69 | 16.21 | 25.68 |
| 22Q4 (15) | 0.39 | -29.09 | -37.1 | 31.61 | -7.33 | -4.47 | 8.52 | -11.71 | -33.9 | 10.09 | -22.08 | -10.47 | 8.66 | -16.33 | -10.72 | 1.52 | -25.85 | -30.28 | 1.08 | -21.74 | -25.52 | 0.12 | -7.69 | -20.0 | 16.78 | -11.54 | -2.39 | 42.66 | -13.29 | -19.48 | 84.72 | 13.33 | -26.06 | 15.28 | -39.48 | 204.76 | 28.13 | -2.29 | 14.96 |
| 22Q3 (14) | 0.55 | -31.25 | -32.1 | 34.11 | -2.82 | 2.1 | 9.65 | -22.8 | -28.09 | 12.95 | -19.26 | -8.35 | 10.35 | -22.65 | -15.37 | 2.05 | -30.27 | -25.99 | 1.38 | -28.13 | -23.76 | 0.13 | -7.14 | -7.14 | 18.97 | -12.18 | -5.72 | 49.20 | -12.83 | -12.7 | 74.76 | -4.48 | -21.27 | 25.24 | 12.37 | 400.65 | 28.79 | 1.37 | 20.76 |
| 22Q2 (13) | 0.80 | -19.19 | 37.93 | 35.10 | -5.06 | 1.86 | 12.50 | -19.67 | 2.29 | 16.04 | -12.97 | 44.24 | 13.38 | -13.84 | 43.25 | 2.94 | -14.53 | 43.41 | 1.92 | -15.04 | 42.22 | 0.14 | 0.0 | 0.0 | 21.60 | -9.81 | 24.28 | 56.44 | -1.21 | -1.98 | 78.26 | -7.03 | -29.0 | 22.46 | 41.97 | 319.65 | 28.40 | 9.19 | 19.63 |
| 22Q1 (12) | 0.99 | 59.68 | 106.25 | 36.97 | 11.73 | 3.24 | 15.56 | 20.71 | 42.62 | 18.43 | 63.53 | 64.7 | 15.53 | 60.1 | 62.62 | 3.44 | 57.8 | 84.95 | 2.26 | 55.86 | 82.26 | 0.14 | -6.67 | 7.69 | 23.95 | 39.33 | 35.31 | 57.13 | 7.83 | 3.16 | 84.18 | -26.54 | -13.61 | 15.82 | 208.5 | 517.09 | 26.01 | 6.29 | -3.88 |
| 21Q4 (11) | 0.62 | -23.46 | 40.91 | 33.09 | -0.96 | -9.66 | 12.89 | -3.95 | 6.0 | 11.27 | -20.24 | 13.84 | 9.70 | -20.69 | 13.45 | 2.18 | -21.3 | 39.74 | 1.45 | -19.89 | 40.78 | 0.15 | 7.14 | 25.0 | 17.19 | -14.56 | 0.35 | 52.98 | -6.0 | -0.32 | 114.58 | 20.67 | -5.98 | -14.58 | -389.24 | 37.78 | 24.47 | 2.64 | 12.09 |
| 21Q3 (10) | 0.81 | 39.66 | 153.13 | 33.41 | -3.05 | -3.19 | 13.42 | 9.82 | 72.05 | 14.13 | 27.07 | 87.65 | 12.23 | 30.94 | 81.72 | 2.77 | 35.12 | 132.77 | 1.81 | 34.07 | 135.06 | 0.14 | 0.0 | 27.27 | 20.12 | 15.77 | 34.49 | 56.36 | -2.12 | -4.13 | 94.96 | -13.85 | -9.0 | 5.04 | 149.3 | 215.97 | 23.84 | 0.42 | -5.99 |
| 21Q2 (9) | 0.58 | 20.83 | 107.14 | 34.46 | -3.77 | 1.56 | 12.22 | 12.01 | 59.32 | 11.12 | -0.63 | 61.39 | 9.34 | -2.2 | 54.38 | 2.05 | 10.22 | 83.04 | 1.35 | 8.87 | 84.93 | 0.14 | 7.69 | 27.27 | 17.38 | -1.81 | 26.03 | 57.58 | 3.97 | -9.88 | 110.23 | 13.13 | -1.02 | -10.23 | -498.86 | 10.0 | 23.74 | -12.27 | -4.96 |
| 21Q1 (8) | 0.48 | 9.09 | 336.36 | 35.81 | -2.24 | 13.39 | 10.91 | -10.28 | 354.58 | 11.19 | 13.03 | 188.4 | 9.55 | 11.7 | 185.07 | 1.86 | 19.23 | 238.18 | 1.24 | 20.39 | 217.95 | 0.13 | 8.33 | 30.0 | 17.70 | 3.33 | 47.13 | 55.38 | 4.2 | -9.97 | 97.44 | -20.05 | 64.89 | 2.56 | 110.94 | -92.95 | 27.06 | 23.96 | -6.56 |
| 20Q4 (7) | 0.44 | 37.5 | 4500.0 | 36.63 | 6.14 | 14.08 | 12.16 | 55.9 | 968.57 | 9.90 | 31.47 | 1051.92 | 8.55 | 27.04 | 4929.41 | 1.56 | 31.09 | 7700.0 | 1.03 | 33.77 | 1616.67 | 0.12 | 9.09 | 33.33 | 17.13 | 14.51 | 111.48 | 53.15 | -9.59 | -9.65 | 121.88 | 16.8 | -12.95 | -23.44 | -439.06 | 41.41 | 21.83 | -13.92 | 0 |
| 20Q3 (6) | 0.32 | 14.29 | 633.33 | 34.51 | 1.71 | 17.02 | 7.80 | 1.69 | 921.05 | 7.53 | 9.29 | 564.81 | 6.73 | 11.24 | 759.8 | 1.19 | 6.25 | 843.75 | 0.77 | 5.48 | 3950.0 | 0.11 | 0.0 | 22.22 | 14.96 | 8.48 | 81.11 | 58.79 | -7.98 | 2.3 | 104.35 | -6.3 | 108.7 | -4.35 | 61.74 | -111.59 | 25.36 | 1.52 | -6.8 |
| 20Q2 (5) | 0.28 | 154.55 | -28.21 | 33.93 | 7.44 | 7.89 | 7.67 | 219.58 | 83.05 | 6.89 | 77.58 | -26.23 | 6.05 | 80.6 | -14.06 | 1.12 | 103.64 | -30.86 | 0.73 | 87.18 | -22.34 | 0.11 | 10.0 | -8.33 | 13.79 | 14.63 | -19.26 | 63.89 | 3.87 | -26.99 | 111.36 | 88.46 | 149.45 | -11.36 | -131.25 | -120.53 | 24.98 | -13.74 | 2.84 |
| 20Q1 (4) | 0.11 | 1200.0 | 0.0 | 31.58 | -1.65 | 0.0 | 2.40 | 271.43 | 0.0 | 3.88 | 473.08 | 0.0 | 3.35 | 1870.59 | 0.0 | 0.55 | 2650.0 | 0.0 | 0.39 | 550.0 | 0.0 | 0.10 | 11.11 | 0.0 | 12.03 | 48.52 | 0.0 | 61.51 | 4.56 | 0.0 | 59.09 | -57.79 | 0.0 | 36.36 | 190.91 | 0.0 | 28.96 | 0 | 0.0 |
| 19Q4 (3) | -0.01 | 83.33 | 0.0 | 32.11 | 8.88 | 0.0 | -1.40 | -47.37 | 0.0 | -1.04 | 35.8 | 0.0 | 0.17 | 116.67 | 0.0 | 0.02 | 112.5 | 0.0 | 0.06 | 400.0 | 0.0 | 0.09 | 0.0 | 0.0 | 8.10 | -1.94 | 0.0 | 58.83 | 2.37 | 0.0 | 140.00 | 180.0 | 0.0 | -40.00 | -206.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | -0.06 | -115.38 | 0.0 | 29.49 | -6.23 | 0.0 | -0.95 | -122.67 | 0.0 | -1.62 | -117.34 | 0.0 | -1.02 | -114.49 | 0.0 | -0.16 | -109.88 | 0.0 | -0.02 | -102.13 | 0.0 | 0.09 | -25.0 | 0.0 | 8.26 | -51.64 | 0.0 | 57.47 | -34.33 | 0.0 | 50.00 | 12.0 | 0.0 | 37.50 | -32.26 | 0.0 | 27.21 | 12.02 | 0.0 |
| 19Q2 (1) | 0.39 | 0.0 | 0.0 | 31.45 | 0.0 | 0.0 | 4.19 | 0.0 | 0.0 | 9.34 | 0.0 | 0.0 | 7.04 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 17.08 | 0.0 | 0.0 | 87.51 | 0.0 | 0.0 | 44.64 | 0.0 | 0.0 | 55.36 | 0.0 | 0.0 | 24.29 | 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) | 0.04 | -98.53 | 30.80 | -10.93 | 1.20 | -89.77 | 7.93 | 53.21 | 1.99 | -86.37 | 1.81 | -85.12 | 0.97 | -90.16 | 0.83 | -87.88 | 0.36 | -34.55 | 10.97 | -46.51 | 53.02 | 24.29 | 60.47 | -24.86 | 39.53 | 100.23 | 1.10 | -13.68 | 33.34 | 19.93 |
| 2022 (9) | 2.73 | 10.08 | 34.58 | 1.38 | 11.73 | -5.63 | 5.17 | -5.33 | 14.60 | 21.97 | 12.16 | 18.63 | 9.86 | 12.05 | 6.85 | 15.91 | 0.55 | -1.79 | 20.51 | 13.19 | 42.66 | -19.48 | 80.47 | -22.58 | 19.75 | 0 | 1.28 | -0.79 | 27.80 | 12.6 |
| 2021 (8) | 2.48 | 117.54 | 34.11 | -0.41 | 12.43 | 61.85 | 5.46 | -16.77 | 11.97 | 67.41 | 10.25 | 63.74 | 8.80 | 99.55 | 5.91 | 98.32 | 0.56 | 24.44 | 18.12 | 24.11 | 52.98 | -0.32 | 103.94 | -3.25 | -3.94 | 0 | 1.29 | -2.36 | 24.69 | -1.87 |
| 2020 (7) | 1.14 | 256.25 | 34.25 | 7.64 | 7.68 | 708.42 | 6.57 | -14.64 | 7.15 | 225.0 | 6.26 | 219.39 | 4.41 | 231.58 | 2.98 | 183.81 | 0.45 | 12.5 | 14.60 | 28.98 | 53.15 | -9.65 | 107.43 | 154.44 | -7.43 | 0 | 1.32 | 3.52 | 25.16 | -7.3 |
| 2019 (6) | 0.32 | -86.61 | 31.82 | -15.89 | 0.95 | -90.37 | 7.69 | 51.1 | 2.20 | -79.63 | 1.96 | -78.67 | 1.33 | -88.1 | 1.05 | -82.84 | 0.40 | -36.51 | 11.32 | -32.9 | 58.83 | -26.84 | 42.22 | -53.81 | 57.78 | 573.33 | 1.28 | -18.32 | 27.14 | 17.34 |
| 2018 (5) | 2.39 | 86.72 | 37.83 | 8.12 | 9.87 | 48.64 | 5.09 | -13.13 | 10.80 | 77.05 | 9.19 | 70.5 | 11.18 | 66.37 | 6.12 | 68.13 | 0.63 | 5.0 | 16.87 | 27.61 | 80.41 | -24.7 | 91.42 | -16.01 | 8.58 | 0 | 1.56 | 0 | 23.13 | 0.17 |
| 2017 (4) | 1.28 | 652.94 | 34.99 | -2.45 | 6.64 | 183.76 | 5.86 | -19.33 | 6.10 | 201.98 | 5.39 | 250.0 | 6.72 | 373.24 | 3.64 | 267.68 | 0.60 | 25.0 | 13.22 | 27.48 | 106.78 | 1.21 | 108.84 | -7.48 | -8.84 | 0 | 0.00 | 0 | 23.09 | -18.32 |
| 2016 (3) | 0.17 | -69.64 | 35.87 | -5.48 | 2.34 | -48.68 | 7.26 | 21.49 | 2.02 | -59.27 | 1.54 | -60.21 | 1.42 | 0 | 0.99 | 0 | 0.48 | 0 | 10.37 | -14.08 | 105.50 | 36.36 | 117.65 | 27.94 | -17.65 | 0 | 0.00 | 0 | 28.27 | 4.78 |
| 2015 (2) | 0.56 | 0 | 37.95 | 0 | 4.56 | 0 | 5.98 | 0 | 4.96 | 0 | 3.87 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.07 | 0 | 77.37 | 0 | 91.95 | 0 | 8.05 | 0 | 0.00 | 0 | 26.98 | 0 |
