- 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) | 0.64 | 2033.33 | 1380.0 | 11.14 | -16.43 | 35.19 | 4.60 | -38.67 | 3733.33 | 13.62 | 3305.0 | 896.49 | 10.90 | 2625.0 | 895.62 | 2.61 | 2272.73 | 1342.86 | 1.75 | 1150.0 | 3600.0 | 0.15 | -16.67 | 50.0 | 17.71 | 324.7 | 245.9 | 50.93 | -13.98 | -9.23 | 34.62 | -97.84 | 0 | 67.31 | 104.34 | -46.15 | 6.56 | 7.01 | -18.81 |
| 23Q4 (19) | 0.03 | -94.83 | 110.34 | 13.33 | 10.07 | 48.94 | 7.50 | 21.16 | 563.72 | 0.40 | -96.63 | 104.62 | 0.40 | -95.82 | 106.22 | 0.11 | -95.47 | 109.91 | 0.14 | -91.25 | 123.73 | 0.18 | 12.5 | 80.0 | 4.17 | -73.79 | 235.39 | 59.21 | 11.7 | 3.01 | 1600.00 | 2908.0 | 13433.33 | -1550.00 | -3267.39 | -1436.21 | 6.13 | 2.85 | -16.71 |
| 23Q3 (18) | 0.58 | 41.46 | -66.47 | 12.11 | 18.26 | -15.31 | 6.19 | 22.57 | -39.07 | 11.87 | 25.61 | -45.55 | 9.57 | 61.11 | -45.19 | 2.43 | 46.39 | -64.78 | 1.60 | 42.86 | -53.76 | 0.16 | -11.11 | -15.79 | 15.91 | 19.62 | -34.66 | 53.01 | -16.6 | -33.6 | 53.19 | -0.56 | 13.64 | 48.94 | 5.21 | -8.0 | 5.96 | 20.65 | 34.84 |
| 23Q2 (17) | 0.41 | 920.0 | -86.6 | 10.24 | 24.27 | -16.68 | 5.05 | 4108.33 | -37.42 | 9.45 | 652.63 | -70.34 | 5.94 | 533.58 | -78.02 | 1.66 | 890.48 | -87.42 | 1.12 | 2340.0 | -79.64 | 0.18 | 80.0 | -10.0 | 13.30 | 159.77 | -61.1 | 63.56 | 13.28 | -50.84 | 53.49 | 0 | 110.39 | 46.51 | -62.79 | -37.63 | 4.94 | -38.86 | 13.3 |
| 23Q1 (16) | -0.05 | 82.76 | -103.33 | 8.24 | -7.93 | -22.12 | 0.12 | -89.38 | -98.27 | -1.71 | 80.23 | -111.35 | -1.37 | 78.69 | -111.47 | -0.21 | 81.08 | -102.98 | -0.05 | 91.53 | -101.89 | 0.10 | 0.0 | -52.38 | 5.12 | 266.23 | -70.27 | 56.11 | -2.38 | -64.85 | -0.00 | 100.0 | -100.0 | 125.00 | 7.76 | 129.48 | 8.08 | 9.78 | 124.44 |
| 22Q4 (15) | -0.29 | -116.76 | -216.0 | 8.95 | -37.41 | -21.08 | 1.13 | -88.88 | -86.95 | -8.65 | -139.68 | -319.54 | -6.43 | -136.83 | -471.68 | -1.11 | -116.09 | -148.47 | -0.59 | -117.05 | -169.41 | 0.10 | -47.37 | -58.33 | -3.08 | -112.65 | -152.74 | 57.48 | -28.01 | -70.23 | -12.00 | -125.64 | -105.48 | 116.00 | 118.08 | 197.55 | 7.36 | 66.52 | 193.23 |
| 22Q3 (14) | 1.73 | -43.46 | 110.98 | 14.30 | 16.35 | 25.22 | 10.16 | 25.9 | 25.59 | 21.80 | -31.58 | 175.25 | 17.46 | -35.38 | 175.83 | 6.90 | -47.73 | 67.07 | 3.46 | -37.09 | 133.78 | 0.19 | -5.0 | -13.64 | 24.35 | -28.78 | 145.46 | 79.84 | -38.25 | -59.53 | 46.81 | 84.11 | -54.55 | 53.19 | -28.68 | 3663.83 | 4.42 | 1.38 | 24.16 |
| 22Q2 (13) | 3.06 | 104.0 | 1940.0 | 12.29 | 16.16 | 19.32 | 8.07 | 16.45 | 13.82 | 31.86 | 111.55 | 1763.16 | 27.02 | 126.3 | 1978.46 | 13.20 | 87.23 | 1636.84 | 5.50 | 108.33 | 1517.65 | 0.20 | -4.76 | 0.0 | 34.19 | 98.55 | 871.31 | 129.30 | -19.01 | -33.16 | 25.42 | -45.14 | -93.64 | 74.58 | 36.91 | 124.24 | 4.36 | 21.11 | 25.29 |
| 22Q1 (12) | 1.50 | 500.0 | 971.43 | 10.58 | -6.7 | 15.63 | 6.93 | -19.98 | 42.01 | 15.06 | 282.23 | 660.61 | 11.94 | 590.17 | 723.45 | 7.05 | 207.86 | 892.96 | 2.64 | 210.59 | 780.0 | 0.21 | -12.5 | 40.0 | 17.22 | 194.86 | 360.43 | 159.65 | -17.33 | -14.38 | 46.34 | -78.83 | -81.46 | 54.47 | 145.81 | 136.31 | 3.60 | 43.43 | -14.08 |
| 21Q4 (11) | 0.25 | -69.51 | 167.57 | 11.34 | -0.7 | 39.14 | 8.66 | 7.05 | 77.1 | 3.94 | -50.25 | 206.78 | 1.73 | -72.67 | 152.11 | 2.29 | -44.55 | 219.9 | 0.85 | -42.57 | 280.85 | 0.24 | 9.09 | 41.18 | 5.84 | -41.13 | 382.13 | 193.11 | -2.11 | -24.16 | 218.92 | 112.57 | 264.19 | -118.92 | -7867.57 | -151.79 | 2.51 | -29.49 | -26.39 |
| 21Q3 (10) | 0.82 | 446.67 | 555.56 | 11.42 | 10.87 | 16.53 | 8.09 | 14.1 | 36.2 | 7.92 | 363.16 | 540.0 | 6.33 | 386.92 | 444.02 | 4.13 | 443.42 | 558.89 | 1.48 | 335.29 | 878.95 | 0.22 | 10.0 | 46.67 | 9.92 | 181.82 | 0 | 197.27 | 1.97 | -18.24 | 102.99 | -74.25 | 130.62 | -1.49 | 99.51 | -100.34 | 3.56 | 2.3 | -6.07 |
| 21Q2 (9) | 0.15 | 7.14 | 193.75 | 10.30 | 12.57 | -7.12 | 7.09 | 45.29 | 8.91 | 1.71 | -13.64 | 167.59 | 1.30 | -10.34 | 160.75 | 0.76 | 7.04 | 195.0 | 0.34 | 13.33 | 270.0 | 0.20 | 33.33 | 53.85 | 3.52 | -5.88 | 1860.0 | 193.46 | 3.75 | -8.93 | 400.00 | 60.0 | 250.0 | -307.69 | -105.13 | -183.92 | 3.48 | -16.95 | 0 |
| 21Q1 (8) | 0.14 | 137.84 | -66.67 | 9.15 | 12.27 | -2.87 | 4.88 | -0.2 | 16.75 | 1.98 | 153.66 | -74.84 | 1.45 | 143.67 | -75.95 | 0.71 | 137.17 | -65.53 | 0.30 | 163.83 | -65.52 | 0.15 | -11.76 | 15.38 | 3.74 | 280.68 | -64.55 | 186.46 | -26.78 | 5.26 | 250.00 | 287.5 | 373.68 | -150.00 | -165.32 | -417.65 | 4.19 | 22.87 | -23.96 |
| 20Q4 (7) | -0.37 | -105.56 | -15.62 | 8.15 | -16.84 | -15.81 | 4.89 | -17.68 | 10.14 | -3.69 | -105.0 | 45.58 | -3.32 | -80.43 | 20.38 | -1.91 | -112.22 | -22.44 | -0.47 | -147.37 | 16.07 | 0.17 | 13.33 | 13.33 | -2.07 | 0 | 53.38 | 254.64 | 5.54 | 64.08 | -133.33 | 60.36 | -106.06 | 229.63 | -47.38 | 39.42 | 3.41 | -10.03 | 0 |
| 20Q3 (6) | -0.18 | -12.5 | -145.0 | 9.80 | -11.63 | -20.0 | 5.94 | -8.76 | -22.15 | -1.80 | 28.85 | -127.69 | -1.84 | 14.02 | -134.39 | -0.90 | -12.5 | -145.69 | -0.19 | 5.0 | -120.43 | 0.15 | 15.38 | -6.25 | 0.00 | 100.0 | -100.0 | 241.27 | 13.57 | 87.07 | -336.36 | -26.14 | -390.91 | 436.36 | 19.01 | 2427.27 | 3.79 | 0 | -27.53 |
| 20Q2 (5) | -0.16 | -138.1 | -147.06 | 11.09 | 17.73 | 5.62 | 6.51 | 55.74 | 8.14 | -2.53 | -132.15 | -135.63 | -2.14 | -135.49 | -155.58 | -0.80 | -138.83 | -149.38 | -0.20 | -122.99 | -124.39 | 0.13 | 0.0 | -31.58 | -0.20 | -101.9 | -102.11 | 212.44 | 19.92 | 68.2 | -266.67 | -605.26 | -421.57 | 366.67 | 676.47 | 2405.56 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.42 | 231.25 | 0.0 | 9.42 | -2.69 | 0.0 | 4.18 | -5.86 | 0.0 | 7.87 | 216.08 | 0.0 | 6.03 | 244.6 | 0.0 | 2.06 | 232.05 | 0.0 | 0.87 | 255.36 | 0.0 | 0.13 | -13.33 | 0.0 | 10.55 | 337.61 | 0.0 | 177.15 | 14.15 | 0.0 | 52.78 | 181.57 | 0.0 | 47.22 | -71.33 | 0.0 | 5.51 | 0 | 0.0 |
| 19Q4 (3) | -0.32 | -180.0 | 0.0 | 9.68 | -20.98 | 0.0 | 4.44 | -41.81 | 0.0 | -6.78 | -204.31 | 0.0 | -4.17 | -177.94 | 0.0 | -1.56 | -179.19 | 0.0 | -0.56 | -160.22 | 0.0 | 0.15 | -6.25 | 0.0 | -4.44 | -150.28 | 0.0 | 155.19 | 20.33 | 0.0 | -64.71 | -155.96 | 0.0 | 164.71 | 978.43 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | 0.40 | 17.65 | 0.0 | 12.25 | 16.67 | 0.0 | 7.63 | 26.74 | 0.0 | 6.50 | -8.45 | 0.0 | 5.35 | 38.96 | 0.0 | 1.97 | 21.6 | 0.0 | 0.93 | 13.41 | 0.0 | 0.16 | -15.79 | 0.0 | 8.83 | -6.66 | 0.0 | 128.97 | 2.11 | 0.0 | 115.62 | 39.43 | 0.0 | -18.75 | -228.13 | 0.0 | 5.23 | 15.96 | 0.0 |
| 19Q2 (1) | 0.34 | 0.0 | 0.0 | 10.50 | 0.0 | 0.0 | 6.02 | 0.0 | 0.0 | 7.10 | 0.0 | 0.0 | 3.85 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.82 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 9.46 | 0.0 | 0.0 | 126.30 | 0.0 | 0.0 | 82.93 | 0.0 | 0.0 | 14.63 | 0.0 | 0.0 | 4.51 | 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) | 0.96 | -84.0 | 11.27 | -4.97 | 5.22 | -29.74 | 3.39 | 73.06 | 5.68 | -70.12 | 4.11 | -73.8 | 3.86 | -85.11 | 2.72 | -77.76 | 0.59 | -22.37 | 10.05 | -53.73 | 59.21 | 3.01 | 91.95 | 134.83 | 8.05 | -86.82 | 0.04 | -47.42 | 6.06 | 35.27 |
| 2022 (9) | 6.00 | 344.44 | 11.86 | 10.94 | 7.43 | 0.41 | 1.96 | 46.67 | 19.01 | 363.66 | 15.69 | 458.36 | 25.92 | 227.27 | 12.23 | 346.35 | 0.76 | 1.33 | 21.72 | 263.21 | 57.48 | -70.23 | 39.16 | -78.23 | 61.05 | 0 | 0.08 | 197.09 | 4.48 | 33.73 |
| 2021 (8) | 1.35 | 0 | 10.69 | 12.76 | 7.40 | 37.55 | 1.34 | 5.66 | 4.10 | 0 | 2.81 | 0 | 7.92 | 0 | 2.74 | 0 | 0.75 | 27.12 | 5.98 | 342.96 | 193.11 | -24.16 | 179.84 | 0 | -80.62 | 0 | 0.03 | 12.76 | 3.35 | -20.24 |
| 2020 (7) | -0.28 | 0 | 9.48 | -13.03 | 5.38 | -12.66 | 1.26 | -20.65 | -0.64 | 0 | -0.81 | 0 | -1.45 | 0 | -0.14 | 0 | 0.59 | -13.24 | 1.35 | -79.7 | 254.64 | 64.08 | -820.00 | 0 | 920.00 | 0 | 0.02 | -24.3 | 4.20 | -9.29 |
| 2019 (6) | 1.07 | -78.9 | 10.90 | 12.49 | 6.16 | 36.59 | 1.59 | 72.26 | 4.32 | -28.95 | 3.18 | -75.1 | 5.22 | -33.16 | 2.54 | -32.98 | 0.68 | -17.07 | 6.65 | -18.6 | 155.19 | 19.91 | 142.11 | 91.9 | -43.16 | 0 | 0.03 | -6.97 | 4.63 | 4.75 |
| 2018 (5) | 5.07 | 333.33 | 9.69 | -24.24 | 4.51 | -48.98 | 0.93 | -0.36 | 6.08 | 50.5 | 12.77 | 367.77 | 7.81 | 2.63 | 3.79 | 9.86 | 0.82 | -6.82 | 8.17 | 33.72 | 129.42 | -31.92 | 74.05 | -66.12 | 25.95 | 0 | 0.03 | -48.83 | 4.42 | 13.62 |
| 2017 (4) | 1.17 | -60.34 | 12.79 | -12.76 | 8.84 | -17.46 | 0.93 | -41.3 | 4.04 | -54.66 | 2.73 | -58.0 | 7.61 | -61.37 | 3.45 | -54.37 | 0.88 | -9.28 | 6.11 | -47.37 | 190.09 | 2.88 | 218.58 | 82.15 | -118.58 | 0 | 0.06 | 0 | 3.89 | 0.26 |
| 2016 (3) | 2.95 | -13.74 | 14.66 | 2.02 | 10.71 | 19.27 | 1.58 | 21.15 | 8.91 | -12.3 | 6.50 | -19.75 | 19.70 | -19.85 | 7.56 | -23.79 | 0.97 | -13.39 | 11.61 | -6.97 | 184.76 | -7.37 | 120.00 | 35.48 | -20.38 | 0 | 0.00 | 0 | 3.88 | -15.28 |
| 2015 (2) | 3.42 | 70.15 | 14.37 | 38.44 | 8.98 | 71.7 | 1.31 | 36.24 | 10.16 | 50.07 | 8.10 | 54.29 | 24.58 | 42.49 | 9.92 | 23.69 | 1.12 | -18.25 | 12.48 | 44.61 | 199.46 | 48.7 | 88.57 | 14.94 | 11.43 | -50.18 | 0.00 | 0 | 4.58 | -0.22 |
| 2014 (1) | 2.01 | 45.65 | 10.38 | 0 | 5.23 | 0 | 0.96 | -30.64 | 6.77 | 0 | 5.25 | 0 | 17.25 | 0 | 8.02 | 0 | 1.37 | 19.13 | 8.63 | 5.37 | 134.14 | -8.16 | 77.06 | -0.54 | 22.94 | 1.86 | 0.00 | 0 | 4.59 | -14.53 |
