- 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) | 0.35 | 250.0 | 250.0 | 21.44 | 33.5 | 426.83 | 15.83 | 41.34 | 215.63 | 28.04 | 105.27 | 77.58 | 23.86 | 109.3 | 111.9 | 2.27 | 202.67 | 260.32 | 1.77 | 180.95 | 233.96 | 0.07 | 40.0 | 75.0 | 32.21 | 63.75 | 40.72 | 32.33 | -6.34 | 17.18 | 56.40 | -31.16 | 165.52 | 43.60 | 141.25 | -76.57 | 4.63 | -6.84 | -33.76 |
| 24Q2 (19) | 0.10 | 100.0 | -16.67 | 16.06 | -5.42 | 0.69 | 11.20 | -6.9 | 17.4 | 13.66 | 45.32 | 5.48 | 11.40 | 45.41 | 7.14 | 0.75 | 50.0 | 1.35 | 0.63 | 46.51 | 5.0 | 0.05 | 0.0 | 0.0 | 19.67 | 27.56 | 4.29 | 34.52 | 8.18 | -13.81 | 81.93 | -35.88 | 11.09 | 18.07 | 165.06 | -31.15 | 4.97 | 2.69 | -15.19 |
| 24Q1 (18) | 0.05 | 600.0 | -16.67 | 16.98 | 19.92 | 83.37 | 12.03 | 37.64 | 364.48 | 9.40 | 522.52 | 154.05 | 7.84 | 226.67 | 114.21 | 0.50 | 194.12 | 127.27 | 0.43 | 230.77 | 86.96 | 0.05 | 0.0 | 25.0 | 15.42 | 170.53 | 45.33 | 31.91 | 3.0 | -16.97 | 127.78 | -76.77 | 82.54 | -27.78 | 93.96 | -192.59 | 4.84 | -13.26 | -18.1 |
| 23Q4 (17) | -0.01 | -110.0 | -105.26 | 14.16 | 315.85 | 253.12 | 8.74 | 163.84 | 317.96 | 1.51 | -90.44 | -90.57 | 2.40 | -78.69 | -85.35 | 0.17 | -73.02 | -84.11 | 0.13 | -75.47 | -84.34 | 0.05 | 25.0 | 0.0 | 5.70 | -75.1 | -73.7 | 30.98 | 12.29 | -17.14 | 550.00 | 738.97 | 2252.17 | -460.00 | -347.21 | -466.37 | 5.58 | -20.17 | -31.95 |
| 23Q3 (16) | 0.10 | -16.67 | -16.67 | -6.56 | -141.13 | -159.15 | -13.69 | -243.5 | -548.85 | 15.79 | 21.93 | 30.71 | 11.26 | 5.83 | 3.4 | 0.63 | -14.86 | 3.28 | 0.53 | -11.67 | 6.0 | 0.04 | -20.0 | 0.0 | 22.89 | 21.37 | 24.61 | 27.59 | -31.11 | -12.11 | -86.08 | -216.71 | -432.83 | 186.08 | 608.86 | 150.99 | 6.99 | 19.28 | 5.91 |
| 23Q2 (15) | 0.12 | 100.0 | 220.0 | 15.95 | 72.25 | 1001.13 | 9.54 | 268.34 | 172.55 | 12.95 | 250.0 | 159.87 | 10.64 | 190.71 | 151.53 | 0.74 | 236.36 | 200.0 | 0.60 | 160.87 | 209.09 | 0.05 | 25.0 | 66.67 | 18.86 | 77.76 | 261.89 | 40.05 | 4.22 | 29.99 | 73.75 | 5.36 | 20.52 | 26.25 | -12.5 | -32.36 | 5.86 | -0.85 | -23.3 |
| 23Q1 (14) | 0.06 | -68.42 | 20.0 | 9.26 | 130.92 | -19.62 | 2.59 | 164.59 | -33.07 | 3.70 | -76.9 | -42.64 | 3.66 | -77.66 | -41.25 | 0.22 | -79.44 | -31.25 | 0.23 | -72.29 | -17.86 | 0.04 | -20.0 | 0.0 | 10.61 | -51.04 | -16.06 | 38.43 | 2.78 | 42.28 | 70.00 | 373.91 | 19.41 | 30.00 | -76.11 | -20.91 | 5.91 | -27.93 | -10.59 |
| 22Q4 (13) | 0.19 | 58.33 | 533.33 | 4.01 | -63.84 | -60.49 | -4.01 | -231.48 | -257.25 | 16.02 | 32.62 | 290.73 | 16.38 | 50.41 | 353.74 | 1.07 | 75.41 | 409.52 | 0.83 | 66.0 | 336.84 | 0.05 | 25.0 | 0.0 | 21.67 | 17.96 | 153.45 | 37.39 | 19.11 | 44.92 | -25.56 | -198.81 | -141.28 | 125.56 | 69.35 | 229.58 | 8.20 | 24.24 | 22.57 |
| 22Q3 (12) | 0.12 | 220.0 | -14.29 | 11.09 | 726.55 | 1067.37 | 3.05 | 123.19 | 144.14 | 12.08 | 155.85 | -34.35 | 10.89 | 152.74 | -41.55 | 0.61 | 182.43 | -30.68 | 0.50 | 190.91 | -32.43 | 0.04 | 33.33 | 0.0 | 18.37 | 257.68 | -21.73 | 31.39 | 1.88 | 41.72 | 25.86 | -57.74 | 169.27 | 74.14 | 91.05 | -46.02 | 6.60 | -13.61 | -6.52 |
| 22Q2 (11) | -0.10 | -300.0 | -300.0 | -1.77 | -115.36 | -117.86 | -13.15 | -439.79 | -393.53 | -21.63 | -435.35 | -455.17 | -20.65 | -431.46 | -546.0 | -0.74 | -331.25 | -355.17 | -0.55 | -296.43 | -303.7 | 0.03 | -25.0 | -40.0 | -11.65 | -192.17 | -216.04 | 30.81 | 14.07 | 32.29 | 61.19 | 4.39 | -19.22 | 38.81 | 2.31 | 42.29 | 7.64 | 15.58 | 71.3 |
| 22Q1 (10) | 0.05 | 66.67 | 66.67 | 11.52 | 13.5 | 76.15 | 3.87 | 51.76 | 422.97 | 6.45 | 57.32 | 25.0 | 6.23 | 72.58 | 69.75 | 0.32 | 52.38 | 88.24 | 0.28 | 47.37 | 75.0 | 0.04 | -20.0 | 0.0 | 12.64 | 47.84 | 22.24 | 27.01 | 4.69 | 74.48 | 58.62 | -5.31 | 290.8 | 37.93 | -0.43 | -55.38 | 6.61 | -1.2 | 16.58 |
| 21Q4 (9) | 0.03 | -78.57 | 0.0 | 10.15 | 968.42 | 63.18 | 2.55 | 136.9 | 4350.0 | 4.10 | -77.72 | 92.49 | 3.61 | -80.62 | 10.06 | 0.21 | -76.14 | 23.53 | 0.19 | -74.32 | 11.76 | 0.05 | 25.0 | 0.0 | 8.55 | -63.57 | 25.18 | 25.80 | 16.48 | 67.53 | 61.90 | 265.82 | 0 | 38.10 | -72.26 | -61.9 | 6.69 | -5.24 | 15.34 |
| 21Q3 (8) | 0.14 | 180.0 | 250.0 | 0.95 | -90.41 | -81.34 | -6.91 | -254.24 | -259.9 | 18.40 | 202.13 | 300.87 | 18.63 | 302.38 | 193.85 | 0.88 | 203.45 | 214.29 | 0.74 | 174.07 | 184.62 | 0.04 | -20.0 | 0.0 | 23.47 | 133.76 | 126.76 | 22.15 | -4.89 | 65.3 | -37.33 | -149.28 | 9.33 | 137.33 | 403.56 | -2.72 | 7.06 | 58.3 | 12.78 |
| 21Q2 (7) | 0.05 | 66.67 | 150.0 | 9.91 | 51.53 | 225.99 | 4.48 | 505.41 | 261.15 | 6.09 | 18.02 | 110.0 | 4.63 | 26.16 | 81.57 | 0.29 | 70.59 | 141.67 | 0.27 | 68.75 | 125.0 | 0.05 | 25.0 | 25.0 | 10.04 | -2.9 | 20.1 | 23.29 | 50.45 | 62.98 | 75.76 | 405.05 | 175.76 | 27.27 | -67.91 | -86.36 | 4.46 | -21.34 | 0 |
| 21Q1 (6) | 0.03 | 0.0 | 160.0 | 6.54 | 5.14 | 186.84 | 0.74 | 1333.33 | 122.77 | 5.16 | 142.25 | 166.41 | 3.67 | 11.89 | 145.99 | 0.17 | 0.0 | 145.95 | 0.16 | -5.88 | 151.61 | 0.04 | -20.0 | 0.0 | 10.34 | 51.39 | 434.63 | 15.48 | 0.52 | 26.57 | 15.00 | 0 | -65.38 | 85.00 | -15.0 | 41.67 | 5.67 | -2.24 | 0.18 |
| 20Q4 (5) | 0.03 | -25.0 | 400.0 | 6.22 | 22.2 | -10.37 | -0.06 | 96.88 | -104.41 | 2.13 | -53.59 | 353.57 | 3.28 | -48.26 | 352.31 | 0.17 | -39.29 | 342.86 | 0.17 | -34.62 | 440.0 | 0.05 | 25.0 | 0.0 | 6.83 | -34.01 | 103.27 | 15.40 | 14.93 | 12.9 | 0.00 | 100.0 | 100.0 | 100.00 | -29.17 | -60.0 | 5.80 | -7.35 | 0 |
| 20Q3 (4) | 0.04 | 100.0 | 0.0 | 5.09 | 67.43 | 0.0 | -1.92 | 30.94 | 0.0 | 4.59 | 58.28 | 0.0 | 6.34 | 148.63 | 0.0 | 0.28 | 133.33 | 0.0 | 0.26 | 116.67 | 0.0 | 0.04 | 0.0 | 0.0 | 10.35 | 23.8 | 0.0 | 13.40 | -6.23 | 0.0 | -41.18 | 58.82 | 0.0 | 141.18 | -29.41 | 0.0 | 6.26 | 0 | 0.0 |
| 20Q2 (3) | 0.02 | 140.0 | 0.0 | 3.04 | 33.33 | 0.0 | -2.78 | 14.46 | 0.0 | 2.90 | 137.32 | 0.0 | 2.55 | 131.95 | 0.0 | 0.12 | 132.43 | 0.0 | 0.12 | 138.71 | 0.0 | 0.04 | 0.0 | 0.0 | 8.36 | 370.55 | 0.0 | 14.29 | 16.84 | 0.0 | -100.00 | -330.77 | 0.0 | 200.00 | 233.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.05 | -400.0 | 0.0 | 2.28 | -67.15 | 0.0 | -3.25 | -338.97 | 0.0 | -7.77 | -825.0 | 0.0 | -7.98 | -513.85 | 0.0 | -0.37 | -428.57 | 0.0 | -0.31 | -520.0 | 0.0 | 0.04 | -20.0 | 0.0 | -3.09 | -191.96 | 0.0 | 12.23 | -10.34 | 0.0 | 43.33 | 128.89 | 0.0 | 60.00 | -76.0 | 0.0 | 5.66 | 0 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 6.94 | 0.0 | 0.0 | 1.36 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | -1.30 | 0.0 | 0.0 | -0.07 | 0.0 | 0.0 | -0.05 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 3.36 | 0.0 | 0.0 | 13.64 | 0.0 | 0.0 | -150.00 | 0.0 | 0.0 | 250.00 | 0.0 | 0.0 | 0.00 | 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) | 0.26 | 0.0 | 8.97 | 32.69 | 2.61 | 0 | 4.57 | -20.34 | 8.24 | 34.86 | 6.86 | 13.76 | 1.76 | 41.94 | 1.52 | 42.06 | 0.19 | 18.75 | 14.16 | 9.94 | 30.98 | -17.14 | 31.55 | 0 | 68.45 | -46.6 | 0.00 | 0 | 6.04 | -17.03 |
| 2022 (9) | 0.26 | 4.0 | 6.76 | -7.27 | -1.76 | 0 | 5.74 | 41.39 | 6.11 | -24.38 | 6.03 | -16.83 | 1.24 | -20.0 | 1.07 | -21.9 | 0.16 | -11.11 | 12.88 | 1.26 | 37.39 | 44.92 | -28.18 | 0 | 128.18 | 39.41 | 0.00 | 0 | 7.28 | 23.39 |
| 2021 (8) | 0.25 | 525.0 | 7.29 | 72.34 | 0.65 | 0 | 4.06 | -13.86 | 8.08 | 1619.15 | 7.25 | 577.57 | 1.55 | 675.0 | 1.37 | 522.73 | 0.18 | 12.5 | 12.72 | 127.55 | 25.80 | 67.53 | 8.05 | 0 | 91.95 | -83.06 | 0.00 | 0 | 5.90 | 0.34 |
| 2020 (7) | 0.04 | -33.33 | 4.23 | -18.5 | -1.92 | 0 | 4.71 | 8.29 | 0.47 | -82.72 | 1.07 | -49.05 | 0.20 | -48.72 | 0.22 | -43.59 | 0.16 | -5.88 | 5.59 | -24.87 | 15.40 | 12.9 | -442.86 | 0 | 542.86 | 348.9 | 0.00 | 0 | 5.88 | 0.0 |
| 2019 (6) | 0.06 | -50.0 | 5.19 | -39.79 | -0.54 | 0 | 4.35 | 386.41 | 2.72 | -36.0 | 2.10 | -46.29 | 0.39 | -49.35 | 0.39 | -45.07 | 0.17 | -5.56 | 7.44 | 43.35 | 13.64 | 57.87 | -20.93 | 0 | 120.93 | 176.97 | 0.00 | 0 | 5.88 | 20.49 |
| 2018 (5) | 0.12 | 9.09 | 8.62 | 0 | 2.42 | 0 | 0.89 | -26.82 | 4.25 | 13.94 | 3.91 | 15.0 | 0.77 | 13.24 | 0.71 | 12.7 | 0.18 | 0.0 | 5.19 | 4.85 | 8.64 | -5.68 | 56.34 | 0 | 43.66 | -86.1 | 0.00 | 0 | 4.88 | -16.87 |
| 2017 (4) | 0.11 | -42.11 | -2.52 | 0 | -7.99 | 0 | 1.22 | -17.78 | 3.73 | -74.63 | 3.40 | -75.78 | 0.68 | -71.67 | 0.63 | -71.88 | 0.18 | 12.5 | 4.95 | -69.5 | 9.16 | 39.42 | -214.06 | 0 | 314.06 | 132.6 | 0.00 | 0 | 5.87 | -24.26 |
| 2016 (3) | 0.19 | -24.0 | 0.69 | -90.79 | -5.09 | 0 | 1.49 | 15.09 | 14.70 | 89.68 | 14.04 | 80.46 | 2.40 | 45.45 | 2.24 | 46.41 | 0.16 | -20.0 | 16.23 | 79.34 | 6.57 | -23.6 | -34.56 | 0 | 135.02 | 166.35 | 0.00 | 0 | 7.75 | 17.07 |
| 2015 (2) | 0.25 | 0.0 | 7.49 | -26.71 | 3.84 | -39.53 | 1.29 | -23.27 | 7.75 | 23.02 | 7.78 | 13.58 | 1.65 | 1.85 | 1.53 | 2.0 | 0.20 | -9.09 | 9.05 | 12.0 | 8.60 | 2.5 | 49.31 | -51.07 | 50.69 | 0 | 0.00 | 0 | 6.62 | 12.2 |
| 2014 (1) | 0.25 | -3.85 | 10.22 | 0 | 6.35 | 0 | 1.68 | -34.41 | 6.30 | 0 | 6.85 | 0 | 1.62 | 0 | 1.50 | 0 | 0.22 | 0.0 | 8.08 | -1.46 | 8.39 | -6.67 | 100.76 | -41.83 | -0.76 | 0 | 0.00 | 0 | 5.90 | -1.5 |
