- 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) | -0.09 | 77.5 | -140.91 | 22.65 | -4.03 | -2.33 | 2.42 | 141.44 | -24.84 | -0.98 | 84.76 | -119.92 | -1.13 | 78.76 | -136.45 | -0.47 | 76.96 | -141.96 | 0.04 | 106.67 | -93.85 | 0.16 | 6.67 | 6.67 | 8.36 | 105.91 | -45.82 | 158.91 | -3.36 | 9.81 | -260.00 | -386.0 | -506.25 | 380.00 | 4080.0 | 1087.5 | 16.07 | -2.61 | -6.52 |
| 24Q2 (19) | -0.40 | -1100.0 | -233.33 | 23.60 | 23.56 | 18.65 | -5.84 | -279.22 | -281.93 | -6.43 | -1290.74 | -232.85 | -5.32 | -1050.0 | -249.86 | -2.04 | -1120.0 | -234.21 | -0.60 | -314.29 | -173.17 | 0.15 | 0.0 | -16.67 | 4.06 | -64.04 | -70.77 | 164.44 | 11.99 | 12.72 | 90.91 | 134.09 | 33.97 | 9.09 | -97.27 | -71.72 | 16.50 | -5.28 | 10.0 |
| 24Q1 (18) | 0.04 | 0 | -55.56 | 19.10 | -7.51 | -5.96 | -1.54 | -229.41 | -158.33 | 0.54 | 1700.0 | -47.57 | 0.56 | 1766.67 | -49.55 | 0.20 | 1900.0 | -54.55 | 0.28 | 40.0 | -22.22 | 0.15 | 0.0 | -11.76 | 11.29 | 7.83 | 7.32 | 146.83 | 2.66 | 6.48 | -266.67 | 0 | -214.29 | 333.33 | 0 | 322.22 | 17.42 | 11.52 | 15.21 |
| 23Q4 (17) | 0.00 | -100.0 | -100.0 | 20.65 | -10.95 | -11.18 | 1.19 | -63.04 | -81.94 | 0.03 | -99.39 | -99.25 | 0.03 | -99.03 | -98.95 | 0.01 | -99.11 | -99.15 | 0.20 | -69.23 | -70.59 | 0.15 | 0.0 | -16.67 | 10.47 | -32.15 | -19.21 | 143.03 | -1.17 | 13.36 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 15.62 | -9.13 | 8.32 |
| 23Q3 (16) | 0.22 | -26.67 | -65.62 | 23.19 | 16.59 | 0.35 | 3.22 | 0.31 | -48.48 | 4.92 | 1.65 | -47.32 | 3.10 | -12.68 | -53.59 | 1.12 | -26.32 | -65.33 | 0.65 | -20.73 | -56.95 | 0.15 | -16.67 | -28.57 | 15.43 | 11.09 | -9.07 | 144.72 | -0.8 | 12.47 | 64.00 | -5.68 | -3.22 | 32.00 | -0.44 | -0.8 | 17.19 | 14.6 | 16.46 |
| 23Q2 (15) | 0.30 | 233.33 | -55.88 | 19.89 | -2.07 | -13.67 | 3.21 | 21.59 | -52.23 | 4.84 | 369.9 | -50.1 | 3.55 | 219.82 | -46.37 | 1.52 | 245.45 | -57.42 | 0.82 | 127.78 | -47.77 | 0.18 | 5.88 | -18.18 | 13.89 | 32.03 | -17.96 | 145.89 | 5.8 | 1.73 | 67.86 | -70.92 | -1.82 | 32.14 | 121.43 | 4.08 | 15.00 | -0.79 | -1.64 |
| 23Q1 (14) | 0.09 | -62.5 | -79.55 | 20.31 | -12.65 | -14.05 | 2.64 | -59.94 | -60.6 | 1.03 | -74.12 | -85.73 | 1.11 | -61.19 | -77.76 | 0.44 | -62.39 | -81.2 | 0.36 | -47.06 | -66.67 | 0.17 | -5.56 | -10.53 | 10.52 | -18.83 | -31.15 | 137.89 | 9.29 | -7.86 | 233.33 | 41.23 | 156.67 | -150.00 | -130.0 | -2300.0 | 15.12 | 4.85 | 0.27 |
| 22Q4 (13) | 0.24 | -62.5 | 4.35 | 23.25 | 0.61 | 19.23 | 6.59 | 5.44 | 83.06 | 3.98 | -57.39 | 0.25 | 2.86 | -57.19 | 2.88 | 1.17 | -63.78 | -7.14 | 0.68 | -54.97 | 4.62 | 0.18 | -14.29 | -5.26 | 12.96 | -23.63 | 6.84 | 126.17 | -1.95 | -6.72 | 165.22 | 149.84 | 80.95 | -65.22 | -302.17 | -850.0 | 14.42 | -2.3 | -4.76 |
| 22Q3 (12) | 0.64 | -5.88 | 64.1 | 23.11 | 0.3 | 5.43 | 6.25 | -6.99 | -9.68 | 9.34 | -3.71 | 41.09 | 6.68 | 0.91 | 52.86 | 3.23 | -9.52 | 50.23 | 1.51 | -3.82 | 49.5 | 0.21 | -4.55 | 0.0 | 16.97 | 0.24 | 22.79 | 128.68 | -10.27 | -4.6 | 66.13 | -4.32 | -36.95 | 32.26 | 4.45 | 761.29 | 14.76 | -3.21 | -3.47 |
| 22Q2 (11) | 0.68 | 54.55 | 25.93 | 23.04 | -2.5 | -6.76 | 6.72 | 0.3 | -23.02 | 9.70 | 34.35 | 19.61 | 6.62 | 32.67 | 16.55 | 3.57 | 52.56 | 23.1 | 1.57 | 45.37 | 16.3 | 0.22 | 15.79 | 0.0 | 16.93 | 10.8 | 14.16 | 143.41 | -4.17 | 9.83 | 69.12 | -23.97 | -35.91 | 30.88 | 352.94 | 493.75 | 15.25 | 1.13 | -0.97 |
| 22Q1 (10) | 0.44 | 91.3 | 18.92 | 23.63 | 21.18 | -2.44 | 6.70 | 86.11 | -7.59 | 7.22 | 81.86 | 7.6 | 4.99 | 79.5 | 11.14 | 2.34 | 85.71 | 22.51 | 1.08 | 66.15 | 11.34 | 0.19 | 0.0 | -5.0 | 15.28 | 25.97 | 3.45 | 149.65 | 10.64 | 18.07 | 90.91 | -0.43 | -16.08 | 6.82 | -21.59 | 181.82 | 15.08 | -0.4 | -8.33 |
| 21Q4 (9) | 0.23 | -41.03 | -55.77 | 19.50 | -11.04 | -29.14 | 3.60 | -47.98 | -67.83 | 3.97 | -40.03 | -62.33 | 2.78 | -36.38 | -60.57 | 1.26 | -41.4 | -53.16 | 0.65 | -35.64 | -52.55 | 0.19 | -9.52 | 5.56 | 12.13 | -12.23 | -36.76 | 135.26 | 0.28 | 24.94 | 91.30 | -12.94 | -13.77 | 8.70 | 278.26 | 247.83 | 15.14 | -0.98 | -17.67 |
| 21Q3 (8) | 0.39 | -27.78 | -30.36 | 21.92 | -11.29 | -21.43 | 6.92 | -20.73 | -38.87 | 6.62 | -18.37 | -37.55 | 4.37 | -23.06 | -39.72 | 2.15 | -25.86 | -28.81 | 1.01 | -25.19 | -33.55 | 0.21 | -4.55 | 5.0 | 13.82 | -6.81 | -25.5 | 134.88 | 3.3 | 20.89 | 104.88 | -2.75 | -2.35 | -4.88 | 37.8 | 34.15 | 15.29 | -0.71 | 5.16 |
| 21Q2 (7) | 0.54 | 45.95 | -63.01 | 24.71 | 2.02 | -5.94 | 8.73 | 20.41 | 103.97 | 8.11 | 20.86 | -72.57 | 5.68 | 26.5 | -77.94 | 2.90 | 51.83 | -64.24 | 1.35 | 39.18 | -65.47 | 0.22 | 10.0 | 46.67 | 14.83 | 0.41 | -63.36 | 130.57 | 3.01 | 17.75 | 107.84 | -0.45 | 641.42 | -7.84 | 5.88 | -109.18 | 15.40 | -6.38 | -30.6 |
| 21Q1 (6) | 0.37 | -28.85 | 311.11 | 24.22 | -11.99 | 15.39 | 7.25 | -35.21 | 723.86 | 6.71 | -36.34 | 285.63 | 4.49 | -36.31 | 158.05 | 1.91 | -29.0 | 260.38 | 0.97 | -29.2 | 148.72 | 0.20 | 11.11 | 42.86 | 14.77 | -22.99 | 9.25 | 126.75 | 17.08 | 8.34 | 108.33 | 2.31 | 116.67 | -8.33 | -41.67 | -116.67 | 16.45 | -10.55 | -10.5 |
| 20Q4 (5) | 0.52 | -7.14 | 1833.33 | 27.52 | -1.36 | 20.81 | 11.19 | -1.15 | 425.35 | 10.54 | -0.57 | 2251.02 | 7.05 | -2.76 | 1568.75 | 2.69 | -10.93 | 1781.25 | 1.37 | -9.87 | 2183.33 | 0.18 | -10.0 | 20.0 | 19.18 | 3.4 | 50.67 | 108.26 | -2.97 | -3.44 | 105.88 | -1.42 | 126.47 | -5.88 | 20.59 | -101.18 | 18.39 | 26.48 | 0 |
| 20Q3 (4) | 0.56 | -61.64 | 0.0 | 27.90 | 6.2 | 0.0 | 11.32 | 164.49 | 0.0 | 10.60 | -64.15 | 0.0 | 7.25 | -71.84 | 0.0 | 3.02 | -62.76 | 0.0 | 1.52 | -61.13 | 0.0 | 0.20 | 33.33 | 0.0 | 18.55 | -54.17 | 0.0 | 111.57 | 0.61 | 0.0 | 107.41 | 638.43 | 0.0 | -7.41 | -108.67 | 0.0 | 14.54 | -34.47 | 0.0 |
| 20Q2 (3) | 1.46 | 1522.22 | 0.0 | 26.27 | 25.15 | 0.0 | 4.28 | 386.36 | 0.0 | 29.57 | 1599.43 | 0.0 | 25.75 | 1379.89 | 0.0 | 8.11 | 1430.19 | 0.0 | 3.91 | 902.56 | 0.0 | 0.15 | 7.14 | 0.0 | 40.48 | 199.41 | 0.0 | 110.89 | -5.21 | 0.0 | 14.55 | -70.91 | 0.0 | 85.45 | 70.91 | 0.0 | 22.19 | 20.73 | 0.0 |
| 20Q1 (2) | 0.09 | 400.0 | 0.0 | 20.99 | -7.86 | 0.0 | 0.88 | -58.69 | 0.0 | 1.74 | 455.1 | 0.0 | 1.74 | 462.5 | 0.0 | 0.53 | 431.25 | 0.0 | 0.39 | 550.0 | 0.0 | 0.14 | -6.67 | 0.0 | 13.52 | 6.21 | 0.0 | 116.99 | 4.34 | 0.0 | 50.00 | 112.5 | 0.0 | 50.00 | -90.0 | 0.0 | 18.38 | 0 | 0.0 |
| 19Q4 (1) | -0.03 | 0.0 | 0.0 | 22.78 | 0.0 | 0.0 | 2.13 | 0.0 | 0.0 | -0.49 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | -0.16 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 12.73 | 0.0 | 0.0 | 112.12 | 0.0 | 0.0 | -400.00 | 0.0 | 0.0 | 500.00 | 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) | 0.61 | -69.5 | 20.95 | -9.89 | 2.59 | -60.52 | 8.34 | 17.47 | 2.74 | -64.55 | 1.98 | -63.33 | 3.04 | -70.2 | 2.06 | -58.55 | 0.65 | -20.73 | 12.58 | -19.87 | 143.03 | 13.36 | 94.83 | 11.97 | 5.17 | -66.21 | 0.00 | 0 | 15.69 | 5.37 |
| 2022 (9) | 2.00 | 34.23 | 23.25 | 2.92 | 6.56 | -1.5 | 7.10 | 2.5 | 7.73 | 20.97 | 5.40 | 24.14 | 10.20 | 28.3 | 4.97 | 25.51 | 0.82 | 0.0 | 15.70 | 12.95 | 126.17 | -6.72 | 84.69 | -19.08 | 15.31 | 0 | 0.00 | 0 | 14.89 | -4.18 |
| 2021 (8) | 1.49 | -43.56 | 22.59 | -13.18 | 6.66 | -12.48 | 6.93 | -21.34 | 6.39 | -50.35 | 4.35 | -56.76 | 7.95 | -43.54 | 3.96 | -44.54 | 0.82 | 22.39 | 13.90 | -38.17 | 135.26 | 24.94 | 104.67 | 77.37 | -4.00 | 0 | 0.00 | 0 | 15.54 | -14.0 |
| 2020 (7) | 2.64 | 5180.0 | 26.02 | 15.34 | 7.61 | 355.69 | 8.81 | -17.08 | 12.87 | 2328.3 | 10.06 | 7085.71 | 14.08 | 7722.22 | 7.14 | 891.67 | 0.67 | 13.56 | 22.48 | 79.41 | 108.26 | -3.44 | 59.01 | -81.12 | 40.99 | 0 | 0.00 | 0 | 18.07 | -6.32 |
| 2019 (6) | 0.05 | -91.67 | 22.56 | 1.08 | 1.67 | -47.48 | 10.62 | 37.31 | 0.53 | -88.45 | 0.14 | -94.72 | 0.18 | -94.64 | 0.72 | -64.88 | 0.59 | 1.72 | 12.53 | -6.63 | 112.12 | -2.88 | 312.50 | 355.16 | -212.50 | 0 | 0.00 | 0 | 19.29 | -3.84 |
| 2018 (5) | 0.60 | 122.22 | 22.32 | 4.79 | 3.18 | 34.75 | 7.73 | -10.56 | 4.59 | 153.59 | 2.65 | 126.5 | 3.36 | 138.3 | 2.05 | 81.42 | 0.58 | 5.45 | 13.42 | 16.39 | 115.45 | -4.91 | 68.66 | -46.36 | 31.34 | 0 | 0.00 | 0 | 20.06 | 6.93 |
| 2017 (4) | 0.27 | -76.92 | 21.30 | -11.73 | 2.36 | -52.42 | 8.65 | 5.41 | 1.81 | -62.6 | 1.17 | -72.6 | 1.41 | -73.64 | 1.13 | -63.07 | 0.55 | -8.33 | 11.53 | -20.54 | 121.41 | 5.93 | 128.00 | 24.49 | -28.00 | 0 | 0.00 | 0 | 18.76 | -1.83 |
| 2016 (3) | 1.17 | 0.0 | 24.13 | -3.33 | 4.96 | -14.48 | 8.20 | 11.13 | 4.84 | -9.87 | 4.27 | -2.73 | 5.35 | 1.71 | 3.06 | -3.47 | 0.60 | 0.0 | 14.51 | 3.13 | 114.61 | 9.0 | 102.82 | -4.62 | -2.82 | 0 | 0.00 | 0 | 19.11 | 8.21 |
| 2015 (2) | 1.17 | -8.59 | 24.96 | -2.12 | 5.80 | -17.61 | 7.38 | 1.82 | 5.37 | -21.38 | 4.39 | -15.41 | 5.26 | -11.3 | 3.17 | -12.19 | 0.60 | 0.0 | 14.07 | -6.82 | 105.15 | 13.38 | 107.79 | 4.35 | -7.79 | 0 | 0.00 | 0 | 17.66 | 3.46 |
| 2014 (1) | 1.28 | -37.56 | 25.50 | 0 | 7.04 | 0 | 7.25 | 4.69 | 6.83 | 0 | 5.19 | 0 | 5.93 | 0 | 3.61 | 0 | 0.60 | -4.76 | 15.10 | -14.01 | 92.74 | 7.59 | 103.30 | 110.16 | -3.30 | 0 | 0.00 | 0 | 17.07 | -8.08 |
