- 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) | 0.41 | 215.38 | 24.24 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 16.85 | 62.49 | 13.62 | 0.00 | -100.0 | -100.0 | 39.29 | -78.39 | -56.97 | 60.71 | 183.48 | 598.21 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | 0.13 | -65.79 | -86.32 | 32.57 | 7.1 | -21.48 | 7.37 | 186.77 | -68.1 | 4.26 | -58.32 | -79.94 | 2.80 | -66.43 | -85.11 | 0.62 | -65.93 | -90.76 | 0.45 | -64.29 | -90.13 | 0.15 | 0.0 | -6.25 | 10.37 | -35.31 | -61.58 | 44.87 | 1.24 | -5.2 | 181.82 | 601.3 | 65.54 | -72.73 | -198.18 | -787.27 | 18.61 | -0.27 | 22.43 |
| 23Q3 (18) | 0.38 | 5.56 | -54.22 | 30.41 | -5.59 | -13.58 | 2.57 | -49.01 | -69.33 | 10.22 | 5.8 | -2.85 | 8.34 | 7.89 | -48.71 | 1.82 | 7.69 | -56.46 | 1.26 | 5.88 | -54.51 | 0.15 | 0.0 | -11.76 | 16.03 | 4.02 | -7.02 | 44.32 | -4.61 | -8.62 | 25.93 | -48.15 | -67.59 | 74.07 | 60.49 | 270.37 | 18.66 | -0.53 | 6.75 |
| 23Q2 (17) | 0.36 | 9.09 | -21.74 | 32.21 | -5.68 | -9.67 | 5.04 | -37.39 | -55.04 | 9.66 | 8.66 | -23.94 | 7.73 | 8.72 | -17.5 | 1.69 | 11.18 | -28.39 | 1.19 | 10.19 | -24.68 | 0.15 | 0.0 | -11.76 | 15.41 | 3.91 | -20.97 | 46.46 | 16.85 | -16.57 | 50.00 | -45.24 | -43.75 | 46.15 | 430.77 | 315.38 | 18.76 | -1.88 | 2.68 |
| 23Q1 (16) | 0.33 | -65.26 | -28.26 | 34.15 | -17.67 | -3.64 | 8.05 | -65.15 | -27.02 | 8.89 | -58.15 | -27.43 | 7.11 | -62.18 | -23.22 | 1.52 | -77.35 | -35.04 | 1.08 | -76.32 | -31.65 | 0.15 | -6.25 | -11.76 | 14.83 | -45.05 | -22.56 | 39.76 | -15.99 | -16.44 | 91.30 | -16.87 | 3.09 | 8.70 | 206.09 | 1.45 | 19.12 | 25.79 | 5.11 |
| 22Q4 (15) | 0.95 | 14.46 | 58.33 | 41.48 | 17.87 | 14.24 | 23.10 | 175.66 | 87.65 | 21.24 | 101.9 | 40.29 | 18.80 | 15.62 | 55.24 | 6.71 | 60.53 | 114.38 | 4.56 | 64.62 | 118.18 | 0.16 | -5.88 | -5.88 | 26.99 | 56.55 | 21.91 | 47.33 | -2.41 | -6.81 | 109.84 | 37.3 | 31.8 | -8.20 | -140.98 | -143.03 | 15.20 | -13.04 | -14.22 |
| 22Q3 (14) | 0.83 | 80.43 | 112.82 | 35.19 | -1.32 | 5.52 | 8.38 | -25.25 | -16.12 | 10.52 | -17.17 | -4.97 | 16.26 | 73.53 | 94.96 | 4.18 | 77.12 | 102.91 | 2.77 | 75.32 | 88.44 | 0.17 | 0.0 | 0.0 | 17.24 | -11.59 | -7.96 | 48.50 | -12.91 | -5.22 | 80.00 | -10.0 | -11.11 | 20.00 | 80.0 | 100.0 | 17.48 | -4.32 | -1.58 |
| 22Q2 (13) | 0.46 | 0.0 | 119.05 | 35.66 | 0.62 | 12.03 | 11.21 | 1.63 | 46.34 | 12.70 | 3.67 | 69.79 | 9.37 | 1.19 | 102.81 | 2.36 | 0.85 | 118.52 | 1.58 | 0.0 | 97.5 | 0.17 | 0.0 | 0.0 | 19.50 | 1.83 | 27.53 | 55.69 | 17.04 | 54.44 | 88.89 | 0.36 | -15.56 | 11.11 | 29.63 | 0 | 18.27 | 0.44 | -0.54 |
| 22Q1 (12) | 0.46 | -23.33 | 109.09 | 35.44 | -2.4 | 13.44 | 11.03 | -10.4 | 139.78 | 12.25 | -19.09 | 113.41 | 9.26 | -23.53 | 74.39 | 2.34 | -25.24 | 98.31 | 1.58 | -24.4 | 83.72 | 0.17 | 0.0 | 6.25 | 19.15 | -13.5 | 34.57 | 47.58 | -6.32 | 34.75 | 88.57 | 6.29 | 12.73 | 8.57 | -55.0 | -60.0 | 18.19 | 2.65 | -6.48 |
| 21Q4 (11) | 0.60 | 53.85 | 300.0 | 36.31 | 8.88 | 7.74 | 12.31 | 23.22 | 78.92 | 15.14 | 36.77 | 172.79 | 12.11 | 45.2 | 235.46 | 3.13 | 51.94 | 281.71 | 2.09 | 42.18 | 248.33 | 0.17 | 0.0 | 6.25 | 22.14 | 18.21 | 56.91 | 50.79 | -0.74 | 32.96 | 83.33 | -7.41 | -36.27 | 19.05 | 90.48 | 182.54 | 17.72 | -0.23 | -7.23 |
| 21Q3 (10) | 0.39 | 85.71 | 178.57 | 33.35 | 4.78 | 7.17 | 9.99 | 30.42 | 132.33 | 11.07 | 47.99 | 114.12 | 8.34 | 80.52 | 138.97 | 2.06 | 90.74 | 164.1 | 1.47 | 83.75 | 162.5 | 0.17 | 0.0 | 6.25 | 18.73 | 22.5 | 33.4 | 51.17 | 41.9 | 39.54 | 90.00 | -14.5 | 8.0 | 10.00 | 0 | -40.0 | 17.76 | -3.32 | -0.39 |
| 21Q2 (9) | 0.21 | -4.55 | -27.59 | 31.83 | 1.89 | -0.69 | 7.66 | 66.52 | 1.46 | 7.48 | 30.31 | -19.4 | 4.62 | -12.99 | -32.65 | 1.08 | -8.47 | -28.95 | 0.80 | -6.98 | -24.53 | 0.17 | 6.25 | 13.33 | 15.29 | 7.45 | -15.71 | 36.06 | 2.12 | -19.85 | 105.26 | 33.97 | 28.65 | 0.00 | -100.0 | -100.0 | 18.37 | -5.55 | 0 |
| 21Q1 (8) | 0.22 | 46.67 | -52.17 | 31.24 | -7.3 | -10.18 | 4.60 | -33.14 | -60.48 | 5.74 | 3.42 | -54.95 | 5.31 | 47.09 | -45.65 | 1.18 | 43.9 | -50.83 | 0.86 | 43.33 | -49.41 | 0.16 | 0.0 | -5.88 | 14.23 | 0.85 | -31.19 | 35.31 | -7.57 | -13.43 | 78.57 | -39.92 | -13.82 | 21.43 | 192.86 | 142.86 | 19.45 | 1.83 | 5.99 |
| 20Q4 (7) | 0.15 | 7.14 | -60.53 | 33.70 | 8.29 | -1.61 | 6.88 | 60.0 | -32.48 | 5.55 | 7.35 | -49.08 | 3.61 | 3.44 | -54.99 | 0.82 | 5.13 | -59.2 | 0.60 | 7.14 | -57.75 | 0.16 | 0.0 | -11.11 | 14.11 | 0.5 | -24.67 | 38.20 | 4.17 | -9.07 | 130.77 | 56.92 | 40.46 | -23.08 | -238.46 | -434.62 | 19.10 | 7.12 | 8.4 |
| 20Q3 (6) | 0.14 | -51.72 | -51.72 | 31.12 | -2.9 | -2.26 | 4.30 | -43.05 | -43.35 | 5.17 | -44.29 | -40.44 | 3.49 | -49.13 | -45.47 | 0.78 | -48.68 | -50.0 | 0.56 | -47.17 | -48.62 | 0.16 | 6.67 | -5.88 | 14.04 | -22.6 | -16.08 | 36.67 | -18.49 | -10.74 | 83.33 | 1.85 | -3.51 | 16.67 | -8.33 | 22.22 | 17.83 | 0 | 1.36 |
| 20Q2 (5) | 0.29 | -36.96 | -21.62 | 32.05 | -7.85 | -9.62 | 7.55 | -35.14 | -21.68 | 9.28 | -27.16 | -15.17 | 6.86 | -29.79 | -15.52 | 1.52 | -36.67 | -23.23 | 1.06 | -37.65 | -24.29 | 0.15 | -11.76 | -11.76 | 18.14 | -12.28 | -4.12 | 44.99 | 10.3 | 1.03 | 81.82 | -10.26 | -8.36 | 18.18 | 106.06 | 69.7 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.46 | 21.05 | 0.0 | 34.78 | 1.55 | 0.0 | 11.64 | 14.23 | 0.0 | 12.74 | 16.88 | 0.0 | 9.77 | 21.82 | 0.0 | 2.40 | 19.4 | 0.0 | 1.70 | 19.72 | 0.0 | 0.17 | -5.56 | 0.0 | 20.68 | 10.41 | 0.0 | 40.79 | -2.9 | 0.0 | 91.18 | -2.07 | 0.0 | 8.82 | 27.94 | 0.0 | 18.35 | 4.14 | 0.0 |
| 19Q4 (3) | 0.38 | 31.03 | 0.0 | 34.25 | 7.57 | 0.0 | 10.19 | 34.26 | 0.0 | 10.90 | 25.58 | 0.0 | 8.02 | 25.31 | 0.0 | 2.01 | 28.85 | 0.0 | 1.42 | 30.28 | 0.0 | 0.18 | 5.88 | 0.0 | 18.73 | 11.95 | 0.0 | 42.01 | 2.26 | 0.0 | 93.10 | 7.8 | 0.0 | 6.90 | -49.43 | 0.0 | 17.62 | 0.17 | 0.0 |
| 19Q3 (2) | 0.29 | -21.62 | 0.0 | 31.84 | -10.21 | 0.0 | 7.59 | -21.27 | 0.0 | 8.68 | -20.66 | 0.0 | 6.40 | -21.18 | 0.0 | 1.56 | -21.21 | 0.0 | 1.09 | -22.14 | 0.0 | 0.17 | 0.0 | 0.0 | 16.73 | -11.58 | 0.0 | 41.08 | -7.75 | 0.0 | 86.36 | -3.27 | 0.0 | 13.64 | 27.27 | 0.0 | 17.59 | -3.35 | 0.0 |
| 19Q2 (1) | 0.37 | 0.0 | 0.0 | 35.46 | 0.0 | 0.0 | 9.64 | 0.0 | 0.0 | 10.94 | 0.0 | 0.0 | 8.12 | 0.0 | 0.0 | 1.98 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 18.92 | 0.0 | 0.0 | 44.53 | 0.0 | 0.0 | 89.29 | 0.0 | 0.0 | 10.71 | 0.0 | 0.0 | 18.20 | 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) | 1.21 | -55.19 | 32.34 | -12.5 | 5.77 | -57.13 | 5.75 | -8.73 | 8.23 | -42.04 | 6.47 | -51.97 | 5.63 | -63.54 | 3.92 | -62.42 | 0.59 | -10.61 | 14.23 | -31.36 | 44.87 | -5.2 | 70.11 | -26.24 | 29.89 | 505.17 | 0.06 | 1.98 | 18.79 | 8.8 |
| 2022 (9) | 2.70 | 90.14 | 36.96 | 11.02 | 13.46 | 52.78 | 6.30 | -15.85 | 14.20 | 41.15 | 13.47 | 73.81 | 15.44 | 108.09 | 10.43 | 100.96 | 0.66 | 0.0 | 20.73 | 16.79 | 47.33 | -6.81 | 95.06 | 8.49 | 4.94 | -60.11 | 0.06 | -7.83 | 17.27 | -5.58 |
| 2021 (8) | 1.42 | 36.54 | 33.29 | 0.97 | 8.81 | 14.27 | 7.49 | -11.71 | 10.06 | 21.06 | 7.75 | 28.31 | 7.42 | 34.66 | 5.19 | 31.73 | 0.66 | 1.54 | 17.75 | 4.66 | 50.79 | 32.96 | 87.62 | -6.62 | 12.38 | 67.14 | 0.06 | -10.42 | 18.29 | -0.71 |
| 2020 (7) | 1.04 | -18.11 | 32.97 | -0.87 | 7.71 | -9.61 | 8.48 | 5.77 | 8.31 | -12.62 | 6.04 | -14.69 | 5.51 | -19.44 | 3.94 | -17.92 | 0.65 | -4.41 | 16.96 | -3.64 | 38.20 | -9.07 | 93.83 | 4.61 | 7.41 | -28.15 | 0.07 | 2.35 | 18.42 | 2.73 |
| 2019 (6) | 1.27 | 71.62 | 33.26 | 9.48 | 8.53 | 93.42 | 8.02 | 4.74 | 9.51 | 53.14 | 7.08 | 62.01 | 6.84 | 69.73 | 4.80 | 68.42 | 0.68 | 4.62 | 17.60 | 25.18 | 42.01 | -4.2 | 89.69 | 25.15 | 10.31 | -63.61 | 0.07 | -50.62 | 17.93 | 0.73 |
| 2018 (5) | 0.74 | -48.25 | 30.38 | -8.22 | 4.41 | -55.41 | 7.65 | 19.36 | 6.21 | -38.21 | 4.37 | -44.19 | 4.03 | -48.86 | 2.85 | -49.29 | 0.65 | -9.72 | 14.06 | -15.56 | 43.85 | 7.85 | 71.67 | -26.94 | 28.33 | 1387.5 | 0.13 | 0 | 17.80 | 3.85 |
| 2017 (4) | 1.43 | 11.72 | 33.10 | 3.96 | 9.89 | 17.32 | 6.41 | -7.75 | 10.05 | 4.69 | 7.83 | 3.71 | 7.88 | 9.29 | 5.62 | 10.85 | 0.72 | 7.46 | 16.65 | 0.3 | 40.66 | 0.32 | 98.10 | 12.63 | 1.90 | -83.9 | 0.00 | 0 | 17.14 | -6.24 |
| 2016 (3) | 1.28 | 88.24 | 31.84 | 6.7 | 8.43 | 59.66 | 6.95 | -3.32 | 9.60 | 59.2 | 7.55 | 80.19 | 7.21 | 83.46 | 5.07 | 85.71 | 0.67 | 3.08 | 16.60 | 24.81 | 40.53 | -10.23 | 87.10 | -0.46 | 11.83 | -5.38 | 0.00 | 0 | 18.28 | 0.22 |
| 2015 (2) | 0.68 | -48.87 | 29.84 | -1.42 | 5.28 | -44.48 | 7.19 | 16.88 | 6.03 | -40.12 | 4.19 | -45.87 | 3.93 | -48.15 | 2.73 | -46.05 | 0.65 | 0.0 | 13.30 | -19.1 | 45.15 | -0.53 | 87.50 | -7.64 | 12.50 | 137.5 | 0.00 | 0 | 18.24 | 3.28 |
| 2014 (1) | 1.33 | -27.32 | 30.27 | 0 | 9.51 | 0 | 6.15 | 23.15 | 10.07 | 0 | 7.74 | 0 | 7.58 | 0 | 5.06 | 0 | 0.65 | -2.99 | 16.44 | -7.69 | 45.39 | -21.09 | 94.74 | -1.88 | 5.26 | 52.63 | 0.00 | 0 | 17.66 | -0.06 |
