- 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) | 0.67 | 168.0 | 179.17 | 11.34 | 30.95 | 52.21 | 40.54 | 625.22 | 1407.06 | 40.10 | 210.13 | 1122.56 | 32.30 | 274.28 | 2057.58 | 3.39 | 364.38 | 2094.12 | 1.80 | 233.33 | 1100.0 | 0.05 | 25.0 | 25.0 | 50.48 | 91.21 | 224.42 | 112.47 | -0.1 | -15.76 | 101.34 | 134.05 | 23.37 | -1.07 | -101.89 | -106.01 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.25 | 733.33 | 231.58 | 8.66 | 16.24 | 67.18 | 5.59 | 131.95 | 2027.59 | 12.93 | 834.66 | 1586.21 | 8.63 | 408.21 | 154.86 | 0.73 | 370.37 | 155.3 | 0.54 | 575.0 | 254.29 | 0.04 | 0.0 | 0.0 | 26.40 | 165.86 | 93.55 | 112.58 | -10.83 | -17.09 | 43.30 | 130.93 | 29.9 | 56.70 | -77.01 | -14.95 | 8.02 | 16.57 | 0.63 |
| 24Q1 (18) | 0.03 | -98.74 | -72.73 | 7.45 | -12.15 | 47.23 | 2.41 | -98.57 | 304.24 | -1.76 | -101.17 | -234.35 | -2.80 | -101.94 | -347.79 | -0.27 | -102.02 | -400.0 | 0.08 | -98.71 | -66.67 | 0.04 | 0.0 | 0.0 | 9.93 | -93.91 | -35.6 | 126.26 | 11.32 | -3.21 | -140.00 | -225.15 | -57.5 | 246.67 | 2179.28 | 23.33 | 6.88 | -35.64 | -26.65 |
| 23Q4 (17) | 2.38 | 891.67 | 4660.0 | 8.48 | 13.83 | -20.9 | 168.75 | 6173.23 | -23.33 | 150.88 | 4500.0 | 17861.9 | 144.21 | 8840.0 | 102907.14 | 13.39 | 7976.47 | 133800.0 | 6.22 | 4046.67 | 3173.68 | 0.04 | 0.0 | -20.0 | 163.10 | 948.2 | 1396.33 | 113.42 | -15.05 | -6.09 | 111.86 | 36.18 | -99.57 | -11.86 | -166.43 | 99.95 | 10.69 | 52.5 | 41.59 |
| 23Q3 (16) | 0.24 | 226.32 | 50.0 | 7.45 | 43.82 | -32.64 | 2.69 | 1027.59 | -48.17 | 3.28 | 477.01 | 78.26 | -1.65 | 89.51 | -195.38 | -0.17 | 87.12 | -185.0 | 0.15 | 142.86 | -42.31 | 0.04 | 0.0 | -20.0 | 15.56 | 14.08 | 46.93 | 133.51 | -1.68 | 9.41 | 82.14 | 146.43 | -70.55 | 17.86 | -73.21 | 109.98 | 7.01 | -12.05 | 15.68 |
| 23Q2 (15) | -0.19 | -272.73 | -1050.0 | 5.18 | 2.37 | -66.96 | -0.29 | 75.42 | -102.78 | -0.87 | -166.41 | -1066.67 | -15.73 | -1492.04 | -6454.17 | -1.32 | -1566.67 | -4300.0 | -0.35 | -245.83 | -369.23 | 0.04 | 0.0 | -33.33 | 13.64 | -11.54 | 98.26 | 135.79 | 4.09 | 11.87 | 33.33 | 137.5 | -99.73 | 66.67 | -66.67 | 100.55 | 7.97 | -15.03 | 38.13 |
| 23Q1 (14) | 0.11 | 120.0 | -97.45 | 5.06 | -52.8 | -65.32 | -1.18 | -100.54 | -118.24 | 1.31 | 55.95 | -99.26 | 1.13 | 707.14 | -99.33 | 0.09 | 800.0 | -99.61 | 0.24 | 26.32 | -97.72 | 0.04 | -20.0 | -33.33 | 15.42 | 41.47 | -91.58 | 130.45 | 8.02 | 16.59 | -88.89 | -100.35 | -2525.07 | 200.00 | 100.78 | 107.61 | 9.38 | 24.24 | 11.4 |
| 22Q4 (13) | 0.05 | -68.75 | 200.0 | 10.72 | -3.07 | -17.35 | 220.09 | 4140.66 | 2886.3 | 0.84 | -54.35 | -69.23 | 0.14 | -91.91 | -84.44 | 0.01 | -95.0 | -91.67 | 0.19 | -26.92 | 0.0 | 0.05 | 0.0 | -16.67 | 10.90 | 2.93 | 8.03 | 120.77 | -1.03 | -10.27 | 25762.50 | 9135.61 | 9478.37 | -25662.50 | -14240.81 | -15088.01 | 7.55 | 24.59 | 18.9 |
| 22Q3 (12) | 0.16 | 700.0 | 14.29 | 11.06 | -29.46 | -15.96 | 5.19 | -50.19 | -39.72 | 1.84 | 1944.44 | -68.81 | 1.73 | 820.83 | -69.38 | 0.20 | 766.67 | -73.33 | 0.26 | 100.0 | -43.48 | 0.05 | -16.67 | -16.67 | 10.59 | 53.92 | -20.79 | 122.03 | 0.54 | -8.34 | 278.95 | -97.73 | 91.19 | -178.95 | 98.52 | -289.85 | 6.06 | 5.03 | -10.88 |
| 22Q2 (11) | 0.02 | -99.54 | -95.92 | 15.68 | 7.47 | 8.89 | 10.42 | 61.05 | 12.65 | 0.09 | -99.95 | -99.47 | -0.24 | -100.14 | -101.43 | -0.03 | -100.13 | -101.27 | 0.13 | -98.77 | -88.79 | 0.06 | 0.0 | 0.0 | 6.88 | -96.24 | -70.92 | 121.38 | 8.48 | -9.48 | 12300.00 | 335469.23 | 22450.0 | -12100.00 | -12660.39 | -26720.0 | 5.77 | -31.47 | -8.27 |
| 22Q1 (10) | 4.31 | 8720.0 | 1290.32 | 14.59 | 12.49 | 12.14 | 6.47 | -12.21 | 0.94 | 176.92 | 6380.59 | 1305.24 | 167.47 | 18507.78 | 1308.49 | 23.09 | 19141.67 | 1503.47 | 10.53 | 5442.11 | 1267.53 | 0.06 | 0.0 | 20.0 | 183.04 | 1714.07 | 811.55 | 111.89 | -16.87 | -10.33 | 3.67 | -98.64 | -92.79 | 96.33 | 157.01 | 95.93 | 8.42 | 32.6 | 14.56 |
| 21Q4 (9) | -0.05 | -135.71 | 70.59 | 12.97 | -1.44 | 6.05 | 7.37 | -14.4 | 19.84 | 2.73 | -53.73 | 181.74 | 0.90 | -84.07 | 121.84 | 0.12 | -84.0 | 125.53 | 0.19 | -58.7 | 371.43 | 0.06 | 0.0 | 20.0 | 10.09 | -24.53 | 117.46 | 134.60 | 1.1 | 4.31 | 268.97 | 84.35 | 247.17 | -168.97 | -268.1 | -159.76 | 6.35 | -6.62 | 31.2 |
| 21Q3 (8) | 0.14 | -71.43 | -82.28 | 13.16 | -8.61 | 140.15 | 8.61 | -6.92 | 346.0 | 5.90 | -65.21 | -81.63 | 5.65 | -66.35 | -80.01 | 0.75 | -68.22 | -64.95 | 0.46 | -60.34 | -58.93 | 0.06 | 0.0 | 100.0 | 13.37 | -43.49 | -69.29 | 133.13 | -0.72 | 13.82 | 145.90 | 167.49 | 1420.41 | -45.90 | -200.98 | -141.33 | 6.80 | 8.11 | -31.93 |
| 21Q2 (7) | 0.49 | 58.06 | -80.08 | 14.40 | 10.68 | 557.14 | 9.25 | 44.31 | -94.09 | 16.96 | 34.71 | -89.36 | 16.79 | 41.21 | -85.42 | 2.36 | 63.89 | -68.78 | 1.16 | 50.65 | -65.17 | 0.06 | 20.0 | 100.0 | 23.66 | 17.83 | -86.45 | 134.09 | 7.46 | 16.12 | 54.55 | 7.3 | -44.45 | 45.45 | -7.55 | 2403.5 | 6.29 | -14.42 | 0 |
| 21Q1 (6) | 0.31 | 282.35 | 263.16 | 13.01 | 6.38 | 30.1 | 6.41 | 4.23 | 63.1 | 12.59 | 476.95 | 277.57 | 11.89 | 388.59 | 216.11 | 1.44 | 406.38 | 280.0 | 0.77 | 1200.0 | 650.0 | 0.05 | 0.0 | 25.0 | 20.08 | 332.76 | 1095.24 | 124.78 | -3.3 | -22.29 | 50.83 | 127.81 | 190.88 | 49.17 | -82.61 | -68.47 | 7.35 | 51.86 | 0 |
| 20Q4 (5) | -0.17 | -121.52 | 26.09 | 12.23 | 123.18 | -73.17 | 6.15 | 275.71 | -67.73 | -3.34 | -110.4 | -109.59 | -4.12 | -114.57 | -126.39 | -0.47 | -121.96 | -142.73 | -0.07 | -106.25 | -111.11 | 0.05 | 66.67 | 400.0 | 4.64 | -89.34 | -92.97 | 129.04 | 10.32 | -11.54 | -182.76 | -1553.97 | -433.03 | 282.76 | 154.62 | 526.65 | 4.84 | -51.55 | 0 |
| 20Q3 (4) | 0.79 | -67.89 | 0.0 | 5.48 | 273.97 | 0.0 | -3.50 | -102.24 | 0.0 | 32.11 | -79.86 | 0.0 | 28.27 | -75.45 | 0.0 | 2.14 | -71.69 | 0.0 | 1.12 | -66.37 | 0.0 | 0.03 | 0.0 | 0.0 | 43.54 | -75.06 | 0.0 | 116.97 | 1.29 | 0.0 | -11.05 | -111.25 | 0.0 | 111.05 | 6016.28 | 0.0 | 9.99 | 0 | 0.0 |
| 20Q2 (3) | 2.46 | 1394.74 | 0.0 | -3.15 | -131.5 | 0.0 | 156.56 | 3883.72 | 0.0 | 159.45 | 2348.94 | 0.0 | 115.15 | 1224.51 | 0.0 | 7.56 | 1045.0 | 0.0 | 3.33 | 2478.57 | 0.0 | 0.03 | -25.0 | 0.0 | 174.61 | 10293.45 | 0.0 | 115.48 | -28.08 | 0.0 | 98.18 | 275.54 | 0.0 | 1.82 | -98.84 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.19 | 17.39 | 0.0 | 10.00 | -78.06 | 0.0 | 3.93 | -79.38 | 0.0 | -7.09 | -120.36 | 0.0 | -10.24 | -165.6 | 0.0 | -0.80 | -172.73 | 0.0 | -0.14 | -122.22 | 0.0 | 0.04 | 300.0 | 0.0 | 1.68 | -97.45 | 0.0 | 160.57 | 10.08 | 0.0 | -55.93 | -201.92 | 0.0 | 155.93 | 245.58 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.23 | 0.0 | 0.0 | 45.58 | 0.0 | 0.0 | 19.06 | 0.0 | 0.0 | 34.83 | 0.0 | 0.0 | 15.61 | 0.0 | 0.0 | 1.10 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 65.96 | 0.0 | 0.0 | 145.87 | 0.0 | 0.0 | 54.88 | 0.0 | 0.0 | 45.12 | 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) | 2.55 | -43.96 | 6.64 | -49.77 | 45.40 | -14.95 | 6.38 | 55.28 | 41.23 | -17.06 | 34.63 | -26.05 | 11.60 | -51.65 | 6.19 | -44.78 | 0.15 | -34.78 | 54.44 | -5.34 | 113.42 | -6.09 | 110.10 | 2.54 | -10.10 | 0 | 0.00 | 0 | 8.76 | 25.86 |
| 2022 (9) | 4.55 | 405.56 | 13.22 | -1.42 | 53.38 | 570.6 | 4.11 | -0.44 | 49.71 | 419.44 | 46.83 | 430.35 | 23.99 | 412.61 | 11.21 | 336.19 | 0.23 | 0.0 | 57.51 | 242.12 | 120.77 | -10.27 | 107.38 | 29.18 | -7.38 | 0 | 0.00 | 0 | 6.96 | 4.19 |
| 2021 (8) | 0.90 | -68.86 | 13.41 | 76.91 | 7.96 | 0 | 4.12 | -21.92 | 9.57 | -68.03 | 8.83 | -57.05 | 4.68 | -43.88 | 2.57 | -37.16 | 0.23 | 53.33 | 16.81 | -57.99 | 134.60 | 4.31 | 83.12 | 0 | 16.88 | -83.47 | 0.00 | 0 | 6.68 | -24.86 |
| 2020 (7) | 2.89 | 183.33 | 7.58 | -44.43 | -0.61 | 0 | 5.28 | 34.41 | 29.93 | 87.3 | 20.56 | 46.65 | 8.34 | -0.95 | 4.09 | -2.62 | 0.15 | -34.78 | 40.01 | 70.4 | 129.04 | -11.54 | -2.10 | 0 | 102.10 | 100.2 | 0.00 | 0 | 8.89 | -3.05 |
| 2019 (6) | 1.02 | -52.11 | 13.64 | 10.36 | 7.84 | 7.54 | 3.93 | 32.9 | 15.98 | 21.98 | 14.02 | 12.34 | 8.42 | -16.96 | 4.20 | -21.35 | 0.23 | -39.47 | 23.48 | 28.45 | 145.87 | 13.91 | 49.00 | -11.99 | 51.00 | 15.06 | 0.00 | 0 | 9.17 | 46.02 |
| 2018 (5) | 2.13 | -15.48 | 12.36 | 13.92 | 7.29 | 62.72 | 2.96 | -23.71 | 13.10 | -16.88 | 12.48 | -10.98 | 10.14 | -6.46 | 5.34 | -13.59 | 0.38 | -5.0 | 18.28 | -14.98 | 128.06 | 23.99 | 55.68 | 95.48 | 44.32 | -38.02 | 0.00 | 0 | 6.28 | -6.41 |
| 2017 (4) | 2.52 | 869.23 | 10.85 | 71.41 | 4.48 | 1559.26 | 3.88 | -13.35 | 15.76 | 742.78 | 14.02 | 1794.59 | 10.84 | 1945.28 | 6.18 | 602.27 | 0.40 | 2.56 | 21.50 | 150.0 | 103.28 | 32.05 | 28.48 | 104.12 | 71.52 | -15.75 | 0.00 | 0 | 6.71 | -7.32 |
| 2016 (3) | 0.26 | -84.8 | 6.33 | -8.79 | 0.27 | 92.86 | 4.47 | -4.85 | 1.87 | -85.09 | 0.74 | -93.8 | 0.53 | -94.52 | 0.88 | -85.03 | 0.39 | -11.36 | 8.60 | -55.51 | 78.21 | -9.51 | 13.95 | 1195.35 | 84.88 | -14.19 | 0.00 | 0 | 7.24 | -26.94 |
| 2015 (2) | 1.71 | 402.94 | 6.94 | -0.14 | 0.14 | -95.16 | 4.70 | 37.57 | 12.54 | 411.84 | 11.93 | 414.22 | 9.67 | 297.94 | 5.88 | 188.24 | 0.44 | -18.52 | 19.33 | 132.61 | 86.43 | 0.51 | 1.08 | -99.09 | 98.92 | 0 | 0.00 | 0 | 9.91 | 63.53 |
| 2014 (1) | 0.34 | -52.78 | 6.95 | 0 | 2.89 | 0 | 3.42 | 27.94 | 2.45 | 0 | 2.32 | 0 | 2.43 | 0 | 2.04 | 0 | 0.54 | -3.57 | 8.31 | -17.15 | 85.99 | -17.36 | 118.52 | 0 | -17.59 | 0 | 0.00 | 0 | 6.06 | 4.3 |
