- 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) | 0.44 | -31.25 | -51.11 | 15.27 | -7.51 | -0.78 | 1.58 | -25.47 | -39.92 | 1.38 | -28.13 | -46.72 | 1.10 | -29.94 | -47.37 | 1.16 | -29.7 | -50.0 | 0.46 | -25.81 | -42.5 | 0.32 | -3.03 | -5.88 | 8.39 | -4.66 | -5.62 | 248.10 | 17.61 | 3.72 | 115.62 | 5.22 | 13.89 | -14.06 | -27.97 | -821.09 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.64 | 52.38 | -28.09 | 16.51 | 18.18 | 1.73 | 2.12 | 103.85 | -32.48 | 1.92 | 58.68 | -36.42 | 1.57 | 61.86 | -34.85 | 1.65 | 47.32 | -37.74 | 0.62 | 40.91 | -33.33 | 0.33 | -5.71 | -2.94 | 8.80 | 17.96 | -5.17 | 210.96 | -6.5 | -2.67 | 109.89 | 28.55 | 5.11 | -10.99 | -175.7 | -182.05 | 6.35 | -0.16 | -2.31 |
| 23Q3 (18) | 0.42 | 0.0 | -59.62 | 13.97 | 0.43 | -6.74 | 1.04 | -24.09 | -60.9 | 1.21 | -9.7 | -54.85 | 0.97 | 0.0 | -56.31 | 1.12 | 0.0 | -58.36 | 0.44 | 0.0 | -50.0 | 0.35 | 0.0 | 0.0 | 7.46 | -1.45 | -12.34 | 225.62 | 0.0 | 1.33 | 85.48 | -16.96 | -13.93 | 14.52 | 593.55 | 2033.87 | 6.36 | -2.6 | -1.09 |
| 23Q2 (17) | 0.42 | -53.33 | -63.79 | 13.91 | -9.62 | -8.18 | 1.37 | -47.91 | -63.07 | 1.34 | -48.26 | -64.17 | 0.97 | -53.59 | -67.56 | 1.12 | -51.72 | -70.98 | 0.44 | -45.0 | -63.03 | 0.35 | 2.94 | -5.41 | 7.57 | -14.85 | -16.08 | 225.61 | -5.69 | -14.32 | 102.94 | 1.39 | 3.88 | -2.94 | -92.65 | -426.47 | 6.53 | 0.93 | 7.58 |
| 23Q1 (16) | 0.90 | 1.12 | -12.62 | 15.39 | -5.18 | -0.97 | 2.63 | -16.24 | -26.94 | 2.59 | -14.24 | -28.85 | 2.09 | -13.28 | -29.63 | 2.32 | -12.45 | -32.36 | 0.80 | -13.98 | -30.43 | 0.34 | 0.0 | -5.56 | 8.89 | -4.2 | -1.55 | 239.21 | 10.37 | 0.43 | 101.53 | -2.89 | 2.51 | -1.53 | 60.81 | -206.36 | 6.47 | -0.46 | 0.31 |
| 22Q4 (15) | 0.89 | -14.42 | -24.58 | 16.23 | 8.34 | -1.34 | 3.14 | 18.05 | -21.3 | 3.02 | 12.69 | -27.75 | 2.41 | 8.56 | -28.27 | 2.65 | -1.49 | -31.7 | 0.93 | 5.68 | -31.62 | 0.34 | -2.86 | -10.53 | 9.28 | 9.05 | -0.96 | 216.74 | -2.65 | 5.34 | 104.55 | 5.26 | 9.46 | -3.90 | -672.73 | -186.78 | 6.50 | 1.09 | -1.07 |
| 22Q3 (14) | 1.04 | -10.34 | 44.44 | 14.98 | -1.12 | -3.67 | 2.66 | -28.3 | -5.67 | 2.68 | -28.34 | -0.37 | 2.22 | -25.75 | 3.26 | 2.69 | -30.31 | 10.25 | 0.88 | -26.05 | 0.0 | 0.35 | -5.41 | -5.41 | 8.51 | -5.65 | 6.24 | 222.65 | -15.45 | 8.31 | 99.32 | 0.22 | -5.08 | 0.68 | -24.49 | 114.67 | 6.43 | 5.93 | -4.03 |
| 22Q2 (13) | 1.16 | 12.62 | 13.73 | 15.15 | -2.51 | 0.33 | 3.71 | 3.06 | 6.92 | 3.74 | 2.75 | 7.47 | 2.99 | 0.67 | 5.65 | 3.86 | 12.54 | 11.24 | 1.19 | 3.48 | -4.03 | 0.37 | 2.78 | -7.5 | 9.02 | -0.11 | 8.41 | 263.32 | 10.56 | 23.14 | 99.10 | 0.06 | -0.9 | 0.90 | -37.24 | 88.29 | 6.07 | -5.89 | -3.5 |
| 22Q1 (12) | 1.03 | -12.71 | 3.0 | 15.54 | -5.53 | -6.16 | 3.60 | -9.77 | -11.11 | 3.64 | -12.92 | -7.85 | 2.97 | -11.61 | -6.6 | 3.43 | -11.6 | 0.29 | 1.15 | -15.44 | -9.45 | 0.36 | -5.26 | -2.7 | 9.03 | -3.63 | -3.94 | 238.18 | 15.76 | 23.06 | 99.04 | 3.7 | -3.29 | 1.44 | -68.03 | 159.43 | 6.45 | -1.83 | -4.73 |
| 21Q4 (11) | 1.18 | 63.89 | 96.67 | 16.45 | 5.79 | 1.73 | 3.99 | 41.49 | 56.47 | 4.18 | 55.39 | 66.53 | 3.36 | 56.28 | 68.0 | 3.88 | 59.02 | 83.89 | 1.36 | 54.55 | 63.86 | 0.38 | 2.7 | 5.56 | 9.37 | 16.98 | 14.69 | 205.76 | 0.1 | 7.21 | 95.51 | -8.72 | -5.98 | 4.49 | 196.85 | 382.86 | 6.57 | -1.94 | -3.67 |
| 21Q3 (10) | 0.72 | -29.41 | 44.0 | 15.55 | 2.98 | 7.91 | 2.82 | -18.73 | 54.95 | 2.69 | -22.7 | 65.03 | 2.15 | -24.03 | 38.71 | 2.44 | -29.68 | 36.31 | 0.88 | -29.03 | 23.94 | 0.37 | -7.5 | -5.13 | 8.01 | -3.73 | 18.67 | 205.56 | -3.87 | 6.55 | 104.64 | 4.64 | -6.04 | -4.64 | -1068.87 | 59.21 | 6.70 | 6.52 | 3.24 |
| 21Q2 (9) | 1.02 | 2.0 | 466.67 | 15.10 | -8.82 | -1.56 | 3.47 | -14.32 | 131.33 | 3.48 | -11.9 | 176.19 | 2.83 | -11.01 | 349.21 | 3.47 | 1.46 | 450.79 | 1.24 | -2.36 | 254.29 | 0.40 | 8.11 | 17.65 | 8.32 | -11.49 | 14.44 | 213.84 | 10.49 | 6.37 | 100.00 | -2.36 | -17.14 | 0.48 | 119.81 | 102.52 | 6.29 | -7.09 | -11.53 |
| 21Q1 (8) | 1.00 | 66.67 | 72.41 | 16.56 | 2.41 | -0.36 | 4.05 | 58.82 | 42.11 | 3.95 | 57.37 | 48.5 | 3.18 | 59.0 | 50.0 | 3.42 | 62.09 | 67.65 | 1.27 | 53.01 | 45.98 | 0.37 | 2.78 | 8.82 | 9.40 | 15.06 | 5.74 | 193.54 | 0.84 | 6.05 | 102.42 | 0.82 | -4.73 | -2.42 | -52.17 | 67.79 | 6.77 | -0.73 | -6.1 |
| 20Q4 (7) | 0.60 | 20.0 | 100.0 | 16.17 | 12.21 | -5.44 | 2.55 | 40.11 | 38.59 | 2.51 | 53.99 | 59.87 | 2.00 | 29.03 | 69.49 | 2.11 | 17.88 | 93.58 | 0.83 | 16.9 | 59.62 | 0.36 | -7.69 | 16.13 | 8.17 | 21.04 | -1.57 | 191.92 | -0.52 | 5.1 | 101.59 | -8.78 | -13.84 | -1.59 | 86.03 | 91.14 | 6.82 | 5.08 | 0 |
| 20Q3 (6) | 0.50 | 177.78 | 25.0 | 14.41 | -6.06 | -4.51 | 1.82 | 21.33 | -3.19 | 1.63 | 29.37 | 77.17 | 1.55 | 146.03 | 18.32 | 1.79 | 184.13 | 22.6 | 0.71 | 102.86 | 14.52 | 0.39 | 14.71 | 8.33 | 6.75 | -7.15 | 3.05 | 192.92 | -4.03 | -6.88 | 111.36 | -7.73 | -45.48 | -11.36 | 40.08 | 89.1 | 6.49 | -8.72 | 1.88 |
| 20Q2 (5) | 0.18 | -68.97 | 80.0 | 15.34 | -7.7 | 0.39 | 1.50 | -47.37 | 19.05 | 1.26 | -52.63 | 29.9 | 0.63 | -70.28 | 80.0 | 0.63 | -69.12 | 75.0 | 0.35 | -59.77 | 29.63 | 0.34 | 0.0 | 3.03 | 7.27 | -18.22 | 1.25 | 201.03 | 10.15 | -3.9 | 120.69 | 12.27 | -7.95 | -18.97 | -152.87 | 39.04 | 7.11 | -1.39 | 1.72 |
| 20Q1 (4) | 0.58 | 93.33 | 0.0 | 16.62 | -2.81 | 0.0 | 2.85 | 54.89 | 0.0 | 2.66 | 69.43 | 0.0 | 2.12 | 79.66 | 0.0 | 2.04 | 87.16 | 0.0 | 0.87 | 67.31 | 0.0 | 0.34 | 9.68 | 0.0 | 8.89 | 7.11 | 0.0 | 182.50 | -0.06 | 0.0 | 107.50 | -8.83 | 0.0 | -7.50 | 58.13 | 0.0 | 7.21 | 0 | 0.0 |
| 19Q4 (3) | 0.30 | -25.0 | 0.0 | 17.10 | 13.32 | 0.0 | 1.84 | -2.13 | 0.0 | 1.57 | 70.65 | 0.0 | 1.18 | -9.92 | 0.0 | 1.09 | -25.34 | 0.0 | 0.52 | -16.13 | 0.0 | 0.31 | -13.89 | 0.0 | 8.30 | 26.72 | 0.0 | 182.61 | -11.85 | 0.0 | 117.91 | -42.27 | 0.0 | -17.91 | 82.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.40 | 300.0 | 0.0 | 15.09 | -1.24 | 0.0 | 1.88 | 49.21 | 0.0 | 0.92 | -5.15 | 0.0 | 1.31 | 274.29 | 0.0 | 1.46 | 305.56 | 0.0 | 0.62 | 129.63 | 0.0 | 0.36 | 9.09 | 0.0 | 6.55 | -8.77 | 0.0 | 207.17 | -0.97 | 0.0 | 204.26 | 55.79 | 0.0 | -104.26 | -235.11 | 0.0 | 6.37 | -8.87 | 0.0 |
| 19Q2 (1) | 0.10 | 0.0 | 0.0 | 15.28 | 0.0 | 0.0 | 1.26 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 7.18 | 0.0 | 0.0 | 209.19 | 0.0 | 0.0 | 131.11 | 0.0 | 0.0 | -31.11 | 0.0 | 0.0 | 6.99 | 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) | 2.39 | -44.29 | 14.91 | -3.56 | 1.79 | -45.59 | 5.97 | 12.96 | 1.76 | -46.5 | 1.39 | -47.74 | 6.01 | -49.79 | 2.32 | -44.89 | 1.37 | -5.52 | 8.17 | -8.72 | 210.96 | -2.67 | 101.42 | 1.42 | -1.42 | 0 | 0.08 | -44.83 | 6.43 | 1.26 |
| 2022 (9) | 4.29 | 9.16 | 15.46 | -2.77 | 3.29 | -8.1 | 5.29 | 9.9 | 3.29 | -8.1 | 2.66 | -7.64 | 11.97 | -8.7 | 4.21 | -11.55 | 1.45 | -4.61 | 8.95 | 2.17 | 216.74 | 5.34 | 100.00 | -0.12 | 0.00 | 0 | 0.15 | 52.17 | 6.35 | -3.35 |
| 2021 (8) | 3.93 | 112.43 | 15.90 | 1.99 | 3.58 | 64.98 | 4.81 | -7.97 | 3.58 | 78.11 | 2.88 | 82.28 | 13.11 | 101.07 | 4.76 | 71.84 | 1.52 | 5.56 | 8.76 | 13.32 | 205.76 | 7.21 | 100.12 | -7.43 | 0.00 | 0 | 0.10 | -17.03 | 6.57 | -4.64 |
| 2020 (7) | 1.85 | 45.67 | 15.59 | -1.89 | 2.17 | 14.21 | 5.23 | -4.42 | 2.01 | 46.72 | 1.58 | 41.07 | 6.52 | 44.57 | 2.77 | 4.14 | 1.44 | -14.79 | 7.73 | 3.34 | 191.92 | 5.1 | 108.16 | -22.18 | -8.16 | 0 | 0.12 | -27.09 | 6.89 | -1.15 |
| 2019 (6) | 1.27 | -5.22 | 15.89 | 6.15 | 1.90 | 31.03 | 5.47 | 650.29 | 1.37 | 22.32 | 1.12 | 3.7 | 4.51 | -4.25 | 2.66 | 15.15 | 1.69 | -20.66 | 7.48 | 297.87 | 182.61 | 89.84 | 139.00 | 7.38 | -39.00 | 0 | 0.17 | 54.53 | 6.97 | 7.07 |
| 2018 (5) | 1.34 | -18.29 | 14.97 | -1.25 | 1.45 | -42.46 | 0.73 | -4.19 | 1.12 | -21.68 | 1.08 | -17.56 | 4.71 | -17.37 | 2.31 | -15.07 | 2.13 | 2.4 | 1.88 | -15.32 | 96.19 | -13.89 | 129.44 | -26.74 | -29.44 | 0 | 0.11 | 54.57 | 6.51 | 2.2 |
| 2017 (4) | 1.64 | -43.06 | 15.16 | -3.68 | 2.52 | -20.5 | 0.76 | 8.15 | 1.43 | -46.64 | 1.31 | -37.62 | 5.70 | -42.89 | 2.72 | -42.74 | 2.08 | -7.96 | 2.22 | -34.9 | 111.71 | 4.05 | 176.69 | 49.76 | -76.35 | 0 | 0.07 | 0 | 6.37 | -0.78 |
| 2016 (3) | 2.88 | 60.89 | 15.74 | 2.27 | 3.17 | 42.15 | 0.70 | -24.07 | 2.68 | 88.73 | 2.10 | 87.5 | 9.98 | 70.02 | 4.75 | 79.25 | 2.26 | -1.31 | 3.41 | 42.68 | 107.36 | -4.88 | 117.98 | -24.65 | -17.98 | 0 | 0.00 | 0 | 6.42 | -7.89 |
| 2015 (2) | 1.79 | 171.21 | 15.39 | -2.59 | 2.23 | 5.19 | 0.93 | -19.72 | 1.42 | -32.7 | 1.12 | 0 | 5.87 | -33.45 | 2.65 | -31.17 | 2.29 | 5.05 | 2.39 | -28.44 | 112.87 | -13.31 | 156.57 | 55.63 | -56.57 | 0 | 0.00 | 0 | 6.97 | -19.79 |
| 2014 (1) | 0.66 | -78.78 | 15.80 | 0 | 2.12 | 0 | 1.15 | 9.44 | 2.11 | 0 | -0.18 | 0 | 8.82 | 0 | 3.85 | 0 | 2.18 | -8.4 | 3.34 | -4.02 | 130.20 | 1.13 | 100.61 | -3.32 | -0.40 | 0 | 0.00 | 0 | 8.69 | 42.23 |
