- 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) | -0.03 | 25.0 | 25.0 | 3.59 | -53.56 | -17.47 | -6.52 | -176.27 | -25.63 | -2.41 | -24000.0 | -23.59 | -1.48 | -87.34 | -49.49 | -0.23 | -109.09 | -43.75 | 0.04 | -60.0 | -20.0 | 0.09 | 0.0 | 0.0 | 5.40 | -33.9 | -9.7 | 65.02 | -5.93 | -20.08 | 269.64 | 0 | 1.69 | -169.64 | 0 | -2.71 | 10.46 | -11.95 | -9.52 |
| 24Q2 (19) | -0.04 | 33.33 | 0.0 | 7.73 | 21.35 | 138.58 | -2.36 | 40.85 | 56.78 | -0.01 | 99.65 | 99.64 | -0.79 | 62.38 | 23.3 | -0.11 | 63.33 | 42.11 | 0.10 | 600.0 | 100.0 | 0.09 | 12.5 | -10.0 | 8.17 | 54.73 | 82.77 | 69.12 | -5.61 | -17.02 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 11.88 | -3.73 | 13.14 |
| 24Q1 (18) | -0.06 | -103.66 | 79.31 | 6.37 | -8.74 | 601.57 | -3.99 | 9.11 | 60.26 | -2.83 | -104.67 | 68.24 | -2.10 | -103.38 | 75.24 | -0.30 | -103.12 | 82.14 | -0.02 | -100.36 | 97.44 | 0.08 | -11.11 | -27.27 | 5.28 | -92.3 | 301.53 | 73.23 | -0.75 | -16.3 | 142.02 | 2053.28 | 25.95 | -41.18 | -138.4 | -222.77 | 12.34 | -5.22 | 8.63 |
| 23Q4 (17) | 1.64 | 4200.0 | 963.16 | 6.98 | 60.46 | 359.48 | -4.39 | 15.41 | 47.68 | 60.56 | 3205.64 | 808.3 | 62.10 | 6372.73 | 1204.98 | 9.61 | 6106.25 | 981.65 | 5.57 | 11040.0 | 1236.73 | 0.09 | 0.0 | -18.18 | 68.59 | 1046.99 | 2922.63 | 73.78 | -9.32 | -7.72 | -7.27 | -102.74 | -107.41 | 107.23 | 164.92 | 5476.14 | 13.02 | 12.63 | 40.6 |
| 23Q3 (16) | -0.04 | 0.0 | -122.22 | 4.35 | 34.26 | -46.56 | -5.19 | 4.95 | -182.07 | -1.95 | 29.09 | -134.51 | -0.99 | 3.88 | -116.72 | -0.16 | 15.79 | -114.95 | 0.05 | 0.0 | -92.75 | 0.09 | -10.0 | -10.0 | 5.98 | 33.78 | -49.54 | 81.36 | -2.33 | 4.2 | 265.17 | 33.07 | 915.25 | -165.17 | -67.6 | -224.63 | 11.56 | 10.1 | 4.05 |
| 23Q2 (15) | -0.04 | 86.21 | -116.0 | 3.24 | 355.12 | -80.94 | -5.46 | 45.62 | -190.55 | -2.75 | 69.14 | -125.07 | -1.03 | 87.85 | -113.45 | -0.19 | 88.69 | -112.42 | 0.05 | 106.41 | -94.57 | 0.10 | -9.09 | -9.09 | 4.47 | 270.61 | -72.64 | 83.30 | -4.79 | 4.23 | 199.28 | 76.73 | 262.0 | -98.55 | -672.51 | -319.24 | 10.50 | -7.57 | 0.1 |
| 23Q1 (14) | -0.29 | -52.63 | -163.04 | -1.27 | 52.79 | -106.17 | -10.04 | -19.67 | -200.4 | -8.91 | -4.21 | -152.6 | -8.48 | -50.89 | -163.95 | -1.68 | -54.13 | -161.09 | -0.78 | -59.18 | -149.37 | 0.11 | 0.0 | 0.0 | -2.62 | -7.82 | -111.96 | 87.49 | 9.43 | 5.4 | 112.76 | 14.97 | 91.04 | -12.76 | -763.37 | -131.13 | 11.36 | 22.68 | 3.18 |
| 22Q4 (13) | -0.19 | -205.56 | -190.48 | -2.69 | -133.05 | -118.21 | -8.39 | -355.98 | -272.63 | -8.55 | -251.33 | -204.27 | -5.62 | -194.93 | -181.1 | -1.09 | -201.87 | -184.5 | -0.49 | -171.01 | -162.82 | 0.11 | 10.0 | 10.0 | -2.43 | -120.51 | -116.76 | 79.95 | 2.39 | 0.65 | 98.08 | 401.53 | 65.68 | 1.92 | -98.55 | -95.29 | 9.26 | -16.65 | -9.13 |
| 22Q3 (12) | 0.18 | -28.0 | -33.33 | 8.14 | -52.12 | -24.49 | -1.84 | -130.51 | -900.0 | 5.65 | -48.5 | -49.01 | 5.92 | -22.72 | -44.2 | 1.07 | -30.07 | -37.06 | 0.69 | -25.0 | -30.3 | 0.10 | -9.09 | 11.11 | 11.85 | -27.48 | -36.39 | 78.08 | -2.3 | -5.97 | -32.53 | -159.09 | -1674.26 | 132.53 | 194.82 | 35.32 | 11.11 | 5.91 | -3.64 |
| 22Q2 (11) | 0.25 | -45.65 | -59.02 | 17.00 | -17.4 | -11.78 | 6.03 | -39.7 | -36.19 | 10.97 | -35.24 | -51.11 | 7.66 | -42.23 | -60.19 | 1.53 | -44.36 | -60.26 | 0.92 | -41.77 | -57.01 | 0.11 | 0.0 | 0.0 | 16.34 | -25.39 | -42.73 | 79.92 | -3.72 | -2.5 | 55.05 | -6.73 | 30.71 | 44.95 | 9.69 | -22.35 | 10.49 | -4.72 | -8.94 |
| 22Q1 (10) | 0.46 | 119.05 | -32.35 | 20.58 | 39.34 | 7.02 | 10.00 | 105.76 | 17.79 | 16.94 | 106.59 | -28.37 | 13.26 | 91.34 | -37.07 | 2.75 | 113.18 | -37.21 | 1.58 | 102.56 | -34.44 | 0.11 | 10.0 | 0.0 | 21.90 | 51.03 | -26.04 | 83.01 | 4.51 | -7.15 | 59.02 | -0.3 | 64.19 | 40.98 | 0.43 | -36.1 | 11.01 | 8.05 | -4.68 |
| 21Q4 (9) | 0.21 | -22.22 | -48.78 | 14.77 | 37.01 | 3.0 | 4.86 | 2013.04 | 7.28 | 8.20 | -25.99 | -45.77 | 6.93 | -34.68 | -49.16 | 1.29 | -24.12 | -53.09 | 0.78 | -21.21 | -49.35 | 0.10 | 11.11 | -9.09 | 14.50 | -22.17 | -29.75 | 79.43 | -4.35 | -7.03 | 59.20 | 2765.19 | 97.33 | 40.80 | -58.34 | -41.71 | 10.19 | -11.62 | -37.75 |
| 21Q3 (8) | 0.27 | -55.74 | 35.0 | 10.78 | -44.06 | 39.1 | 0.23 | -97.57 | 109.66 | 11.08 | -50.62 | 34.3 | 10.61 | -44.85 | 30.67 | 1.70 | -55.84 | 27.82 | 0.99 | -53.74 | 28.57 | 0.09 | -18.18 | 0.0 | 18.63 | -34.7 | 20.9 | 83.04 | 1.31 | -6.21 | 2.07 | -95.09 | 107.18 | 97.93 | 69.18 | -23.96 | 11.53 | 0.09 | 69.81 |
| 21Q2 (7) | 0.61 | -10.29 | 654.55 | 19.27 | 0.21 | 390.33 | 9.45 | 11.31 | 198.13 | 22.44 | -5.12 | 495.77 | 19.24 | -8.69 | 607.65 | 3.85 | -12.1 | 787.5 | 2.14 | -11.2 | 1119.05 | 0.11 | 0.0 | 37.5 | 28.53 | -3.65 | 1005.81 | 81.97 | -8.31 | -10.18 | 42.11 | 17.16 | -75.2 | 57.89 | -9.74 | 182.93 | 11.52 | -0.26 | 0 |
| 21Q1 (6) | 0.68 | 65.85 | 1033.33 | 19.23 | 34.1 | 97.03 | 8.49 | 87.42 | 1874.42 | 23.65 | 56.42 | 1094.44 | 21.07 | 54.59 | 1008.95 | 4.38 | 59.27 | 1023.08 | 2.41 | 56.49 | 703.33 | 0.11 | 0.0 | 0.0 | 29.61 | 43.46 | 272.92 | 89.40 | 4.63 | 0.85 | 35.95 | 19.82 | 63.39 | 64.13 | -8.38 | -17.78 | 11.55 | -29.44 | 0.0 |
| 20Q4 (5) | 0.41 | 105.0 | 1950.0 | 14.34 | 85.03 | 116.94 | 4.53 | 290.34 | 266.54 | 15.12 | 83.27 | 3260.0 | 13.63 | 67.86 | 2291.23 | 2.75 | 106.77 | 2015.38 | 1.54 | 100.0 | 862.5 | 0.11 | 22.22 | -15.38 | 20.64 | 33.94 | 224.02 | 85.44 | -3.5 | 5.76 | 30.00 | 204.21 | 104.9 | 70.00 | -45.65 | -90.22 | 16.37 | 141.09 | 43.98 |
| 20Q3 (4) | 0.20 | 281.82 | 0.0 | 7.75 | 97.2 | 0.0 | -2.38 | 75.29 | 0.0 | 8.25 | 245.5 | 0.0 | 8.12 | 314.25 | 0.0 | 1.33 | 337.5 | 0.0 | 0.77 | 466.67 | 0.0 | 0.09 | 12.5 | 0.0 | 15.41 | 497.29 | 0.0 | 88.54 | -2.98 | 0.0 | -28.79 | -116.95 | 0.0 | 128.79 | 284.5 | 0.0 | 6.79 | 0 | 0.0 |
| 20Q2 (3) | -0.11 | -283.33 | 0.0 | 3.93 | -59.73 | 0.0 | -9.63 | -2339.53 | 0.0 | -5.67 | -386.36 | 0.0 | -3.79 | -299.47 | 0.0 | -0.56 | -243.59 | 0.0 | -0.21 | -170.0 | 0.0 | 0.08 | -27.27 | 0.0 | 2.58 | -67.51 | 0.0 | 91.26 | 2.94 | 0.0 | 169.80 | 671.83 | 0.0 | -69.80 | -189.49 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.06 | 200.0 | 0.0 | 9.76 | 47.66 | 0.0 | 0.43 | 115.81 | 0.0 | 1.98 | 340.0 | 0.0 | 1.90 | 233.33 | 0.0 | 0.39 | 200.0 | 0.0 | 0.30 | 87.5 | 0.0 | 0.11 | -15.38 | 0.0 | 7.94 | 24.65 | 0.0 | 88.65 | 9.73 | 0.0 | 22.00 | 103.59 | 0.0 | 78.00 | -89.11 | 0.0 | 11.55 | 1.58 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 6.61 | 0.0 | 0.0 | -2.72 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 6.37 | 0.0 | 0.0 | 80.79 | 0.0 | 0.0 | -612.00 | 0.0 | 0.0 | 716.00 | 0.0 | 0.0 | 11.37 | 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) | 1.27 | 81.43 | 3.09 | -71.86 | -6.44 | 0 | 5.39 | 15.51 | 10.12 | 57.14 | 11.27 | 107.93 | 7.59 | 77.75 | 4.88 | 80.07 | 0.38 | -13.64 | 17.44 | 44.25 | 73.78 | -7.72 | -63.59 | 0 | 163.59 | 120.19 | 0.00 | -3.13 | 11.56 | 10.52 |
| 2022 (9) | 0.70 | -60.45 | 10.98 | -32.51 | 1.66 | -72.47 | 4.67 | -17.13 | 6.44 | -61.34 | 5.42 | -63.13 | 4.27 | -61.7 | 2.71 | -57.52 | 0.44 | 4.76 | 12.09 | -47.62 | 79.95 | 0.65 | 25.71 | -28.94 | 74.29 | 16.41 | 0.00 | -0.04 | 10.46 | -6.52 |
| 2021 (8) | 1.77 | 210.53 | 16.27 | 72.53 | 6.03 | 0 | 5.63 | 1.28 | 16.66 | 196.97 | 14.70 | 166.79 | 11.15 | 186.63 | 6.38 | 162.55 | 0.42 | 7.69 | 23.08 | 89.65 | 79.43 | -7.03 | 36.18 | 0 | 63.82 | -46.43 | 0.00 | -53.31 | 11.19 | -13.32 |
| 2020 (7) | 0.57 | 850.0 | 9.43 | 69.91 | -1.07 | 0 | 5.56 | 11.61 | 5.61 | 9250.0 | 5.51 | 980.39 | 3.89 | 727.66 | 2.43 | 273.85 | 0.39 | -25.0 | 12.17 | 103.17 | 85.44 | 5.76 | -19.13 | 0 | 119.13 | -97.86 | 0.00 | -52.35 | 12.91 | 16.31 |
| 2019 (6) | 0.06 | -90.77 | 5.55 | -49.36 | -3.34 | 0 | 4.98 | 12.04 | 0.06 | -98.85 | 0.51 | -88.03 | 0.47 | -88.89 | 0.65 | -76.62 | 0.52 | -8.77 | 5.99 | -42.46 | 80.79 | 6.75 | -5471.43 | 0 | 5564.29 | 11613.81 | 0.01 | 31.77 | 11.10 | 5.41 |
| 2018 (5) | 0.65 | 44.44 | 10.96 | 0.0 | 2.74 | 83.89 | 4.45 | -8.56 | 5.22 | 47.04 | 4.26 | 31.08 | 4.23 | 56.09 | 2.78 | 49.46 | 0.57 | 14.0 | 10.41 | 15.92 | 75.68 | 7.56 | 52.50 | 24.66 | 47.50 | -18.13 | 0.01 | 0 | 10.53 | -6.23 |
| 2017 (4) | 0.45 | 28.57 | 10.96 | -5.68 | 1.49 | 77.38 | 4.86 | -8.87 | 3.55 | 6.61 | 3.25 | 32.65 | 2.71 | 47.28 | 1.86 | 37.78 | 0.50 | 4.17 | 8.98 | -1.86 | 70.36 | 17.34 | 42.11 | 66.65 | 58.02 | -22.36 | 0.00 | 0 | 11.23 | -1.32 |
| 2016 (3) | 0.35 | -53.33 | 11.62 | -12.7 | 0.84 | -75.29 | 5.33 | 14.59 | 3.33 | -50.81 | 2.45 | -54.21 | 1.84 | -58.47 | 1.35 | -55.88 | 0.48 | -9.43 | 9.15 | -23.04 | 59.96 | 7.98 | 25.27 | -49.63 | 74.73 | 49.98 | 0.00 | 0 | 11.38 | 3.93 |
| 2015 (2) | 0.75 | 158.62 | 13.31 | 58.26 | 3.40 | 230.1 | 4.66 | 119.7 | 6.77 | 164.45 | 5.35 | 193.96 | 4.43 | 201.36 | 3.06 | 188.68 | 0.53 | -3.64 | 11.89 | 146.17 | 55.53 | 2.19 | 50.17 | 24.15 | 49.83 | -16.38 | 0.00 | 0 | 10.95 | 15.38 |
| 2014 (1) | 0.29 | -61.84 | 8.41 | 0 | 1.03 | 0 | 2.12 | -6.24 | 2.56 | 0 | 1.82 | 0 | 1.47 | 0 | 1.06 | 0 | 0.55 | -12.7 | 4.83 | -50.41 | 54.34 | 36.29 | 40.41 | -47.84 | 59.59 | 164.57 | 0.00 | 0 | 9.49 | 13.52 |
