- 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) | 0.22 | 0.0 | 266.67 | 15.22 | -6.28 | 46.77 | 5.80 | -5.23 | 0 | 5.89 | -7.82 | 501.02 | 4.70 | -8.2 | 173.26 | 1.38 | -0.72 | 305.88 | 0.96 | 0.0 | 300.0 | 0.20 | 11.11 | 25.0 | 15.74 | -9.44 | 24.53 | 43.95 | -6.51 | -9.4 | 97.14 | 0.09 | 0 | 2.86 | -2.86 | -97.14 | 9.59 | -6.71 | -13.45 |
| 24Q2 (19) | 0.22 | 2300.0 | 57.14 | 16.24 | 91.96 | 13.25 | 6.12 | 522.07 | 74.86 | 6.39 | 745.45 | 51.06 | 5.12 | 4038.46 | 45.04 | 1.39 | 4733.33 | 12.1 | 0.96 | 4700.0 | 17.07 | 0.18 | 12.5 | 20.0 | 17.38 | 41.53 | 1.88 | 47.01 | 0.94 | -8.81 | 97.06 | -30.67 | 16.47 | 2.94 | 107.35 | -82.35 | 10.28 | -8.7 | -17.96 |
| 24Q1 (18) | -0.01 | 87.5 | -103.7 | 8.46 | -16.65 | -14.89 | -1.45 | 42.46 | -530.43 | -0.99 | 61.92 | -450.0 | -0.13 | 93.75 | -101.77 | -0.03 | 93.75 | -200.0 | 0.02 | 106.9 | -77.78 | 0.16 | 6.67 | 0.0 | 12.28 | 24.29 | -1.13 | 46.57 | -14.78 | -39.49 | 140.00 | 40.0 | 40.0 | -40.00 | 0 | 0 | 11.26 | -9.41 | -3.76 |
| 23Q4 (17) | -0.08 | -233.33 | -115.69 | 10.15 | -2.12 | -31.33 | -2.52 | 0 | -145.08 | -2.60 | -365.31 | -151.9 | -2.08 | -220.93 | -119.94 | -0.48 | -241.18 | -132.43 | -0.29 | -220.83 | -133.33 | 0.15 | -6.25 | -25.0 | 9.88 | -21.84 | -32.61 | 54.65 | 12.66 | -32.36 | 100.00 | 0 | -12.5 | -0.00 | -100.0 | 100.0 | 12.43 | 12.18 | 25.68 |
| 23Q3 (16) | 0.06 | -57.14 | 166.67 | 10.37 | -27.68 | 39.95 | 0.00 | -100.0 | 100.0 | 0.98 | -76.83 | 148.28 | 1.72 | -51.27 | 207.5 | 0.34 | -72.58 | 153.97 | 0.24 | -70.73 | 188.89 | 0.16 | 6.67 | -20.0 | 12.64 | -25.91 | 84.53 | 48.51 | -5.9 | -49.54 | 0.00 | -100.0 | -100.0 | 100.00 | 500.0 | 1100.0 | 11.08 | -11.57 | 35.78 |
| 23Q2 (15) | 0.14 | -48.15 | -54.84 | 14.34 | 44.27 | 49.84 | 3.50 | 1621.74 | 2433.33 | 4.23 | 2450.0 | 763.27 | 3.53 | -51.97 | -48.01 | 1.24 | 4033.33 | 454.29 | 0.82 | 811.11 | 612.5 | 0.15 | -6.25 | -28.57 | 17.06 | 37.36 | 82.07 | 51.55 | -33.02 | -39.22 | 83.33 | -16.67 | 350.0 | 16.67 | 0 | -87.5 | 12.53 | 7.09 | 38.0 |
| 23Q1 (14) | 0.27 | -47.06 | -27.03 | 9.94 | -32.75 | -41.32 | -0.23 | -104.11 | -102.99 | -0.18 | -103.59 | -102.37 | 7.35 | -29.53 | 11.36 | 0.03 | -97.97 | -98.85 | 0.09 | -89.66 | -94.12 | 0.16 | -20.0 | -30.43 | 12.42 | -15.28 | -20.59 | 76.96 | -4.74 | 7.32 | 100.00 | -12.5 | 0.0 | -0.00 | 100.0 | 0 | 11.70 | 18.3 | 35.42 |
| 22Q4 (13) | 0.51 | 666.67 | -13.56 | 14.78 | 99.46 | -13.36 | 5.59 | 400.54 | -28.79 | 5.01 | 346.8 | -37.61 | 10.43 | 751.87 | -3.6 | 1.48 | 334.92 | -46.76 | 0.87 | 422.22 | -46.63 | 0.20 | 0.0 | -16.67 | 14.66 | 114.01 | -9.84 | 80.79 | -15.96 | 7.19 | 114.29 | 24.68 | 16.67 | -10.71 | -228.57 | -625.0 | 9.89 | 21.2 | 18.44 |
| 22Q3 (12) | -0.09 | -129.03 | -125.71 | 7.41 | -22.57 | -56.59 | -1.86 | -1140.0 | -128.1 | -2.03 | -514.29 | -130.66 | -1.60 | -123.56 | -120.75 | -0.63 | -80.0 | -132.31 | -0.27 | -68.75 | -123.48 | 0.20 | -4.76 | -4.76 | 6.85 | -26.89 | -57.13 | 96.13 | 13.33 | 28.81 | 91.67 | 375.0 | -8.33 | 8.33 | -93.75 | 0 | 8.16 | -10.13 | -16.31 |
| 22Q2 (11) | 0.31 | -16.22 | -45.61 | 9.57 | -43.51 | -56.5 | -0.15 | -101.95 | -101.37 | 0.49 | -93.56 | -95.36 | 6.79 | 2.88 | -51.26 | -0.35 | -113.46 | -112.07 | -0.16 | -110.46 | -109.52 | 0.21 | -8.7 | 10.53 | 9.37 | -40.09 | -54.54 | 84.82 | 18.28 | 11.63 | -33.33 | -133.33 | -132.67 | 133.33 | 0 | 3366.67 | 9.08 | 5.09 | -17.75 |
| 22Q1 (10) | 0.37 | -37.29 | 5.71 | 16.94 | -0.7 | -8.58 | 7.69 | -2.04 | 20.34 | 7.61 | -5.23 | -3.55 | 6.60 | -39.0 | -26.09 | 2.60 | -6.47 | 19.27 | 1.53 | -6.13 | 21.43 | 0.23 | -4.17 | 21.05 | 15.64 | -3.81 | -16.99 | 71.71 | -4.86 | -7.41 | 100.00 | 2.08 | 25.93 | 0.00 | -100.0 | -100.0 | 8.64 | 3.47 | -16.84 |
| 21Q4 (9) | 0.59 | 68.57 | 227.78 | 17.06 | -0.06 | -15.54 | 7.85 | 18.58 | -36.85 | 8.03 | 21.3 | -83.15 | 10.82 | 40.34 | 120.37 | 2.78 | 42.56 | -81.61 | 1.63 | 41.74 | -80.36 | 0.24 | 14.29 | 33.33 | 16.26 | 1.75 | -72.68 | 75.37 | 0.99 | -7.12 | 97.96 | -2.04 | 278.12 | 2.04 | 0 | -97.25 | 8.35 | -14.36 | 82.71 |
| 21Q3 (8) | 0.35 | -38.6 | 391.67 | 17.07 | -22.41 | 103.46 | 6.62 | -39.32 | 273.75 | 6.62 | -37.31 | 290.78 | 7.71 | -44.65 | 322.83 | 1.95 | -32.76 | 261.16 | 1.15 | -31.55 | 285.48 | 0.21 | 10.53 | 10.53 | 15.98 | -22.46 | 143.97 | 74.63 | -1.78 | -9.91 | 100.00 | -2.0 | -11.76 | 0.00 | 100.0 | 100.0 | 9.75 | -11.68 | -9.39 |
| 21Q2 (7) | 0.57 | 62.86 | 400.0 | 22.00 | 18.73 | 250.32 | 10.91 | 70.74 | 328.24 | 10.56 | 33.84 | 295.92 | 13.93 | 55.99 | 381.98 | 2.90 | 33.03 | 276.83 | 1.68 | 33.33 | 297.65 | 0.19 | 0.0 | 5.56 | 20.61 | 9.39 | 307.31 | 75.98 | -1.9 | -5.6 | 102.04 | 28.5 | 11.76 | -4.08 | -123.13 | -131.29 | 11.04 | 6.26 | 1.28 |
| 21Q1 (6) | 0.35 | 94.44 | 131.25 | 18.53 | -8.27 | 91.62 | 6.39 | -48.59 | 2303.45 | 7.89 | -83.45 | 128.51 | 8.93 | 81.87 | 131.9 | 2.18 | -85.58 | 122.29 | 1.26 | -84.82 | 122.95 | 0.19 | 5.56 | -5.0 | 18.84 | -68.34 | 207.11 | 77.45 | -4.56 | -3.16 | 79.41 | 206.53 | 10620.59 | 17.65 | -76.18 | -82.22 | 10.39 | 127.35 | 0 |
| 20Q4 (5) | 0.18 | 250.0 | 63.64 | 20.20 | 140.76 | 58.68 | 12.43 | 426.25 | 515.35 | 47.66 | 1473.49 | 1223.89 | 4.91 | 241.91 | 165.41 | 15.12 | 1349.59 | 1943.24 | 8.30 | 1438.71 | 1924.39 | 0.18 | -5.26 | -21.74 | 59.51 | 808.55 | 450.51 | 81.15 | -2.04 | 13.85 | 25.91 | -77.14 | -54.66 | 74.09 | 1211.4 | 72.88 | 4.57 | -57.53 | -46.24 |
| 20Q3 (4) | -0.12 | 36.84 | 0.0 | 8.39 | 33.6 | 0.0 | -3.81 | 20.29 | 0.0 | -3.47 | 35.62 | 0.0 | -3.46 | 29.96 | 0.0 | -1.21 | 26.22 | 0.0 | -0.62 | 27.06 | 0.0 | 0.19 | 5.56 | 0.0 | 6.55 | 29.45 | 0.0 | 82.84 | 2.92 | 0.0 | 113.33 | 24.13 | 0.0 | -6.67 | -151.11 | 0.0 | 10.76 | -1.28 | 0.0 |
| 20Q2 (3) | -0.19 | 83.04 | 0.0 | 6.28 | -35.06 | 0.0 | -4.78 | -1548.28 | 0.0 | -5.39 | 80.52 | 0.0 | -4.94 | 82.35 | 0.0 | -1.64 | 83.23 | 0.0 | -0.85 | 84.52 | 0.0 | 0.18 | -10.0 | 0.0 | 5.06 | 128.77 | 0.0 | 80.49 | 0.64 | 0.0 | 91.30 | 12226.09 | 0.0 | 13.04 | -86.86 | 0.0 | 10.90 | 0 | 0.0 |
| 20Q1 (2) | -1.12 | -1118.18 | 0.0 | 9.67 | -24.04 | 0.0 | -0.29 | -114.36 | 0.0 | -27.67 | -868.61 | 0.0 | -27.99 | -1612.97 | 0.0 | -9.78 | -1421.62 | 0.0 | -5.49 | -1439.02 | 0.0 | 0.20 | -13.04 | 0.0 | -17.59 | -262.72 | 0.0 | 79.98 | 12.21 | 0.0 | 0.74 | -98.7 | 0.0 | 99.26 | 131.6 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 12.73 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 3.60 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 0.41 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 10.81 | 0.0 | 0.0 | 71.28 | 0.0 | 0.0 | 57.14 | 0.0 | 0.0 | 42.86 | 0.0 | 0.0 | 8.50 | 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) | 0.39 | -64.86 | 11.18 | -8.51 | 0.18 | -93.73 | 12.01 | 40.61 | 0.60 | -78.72 | 2.67 | -51.54 | 1.09 | -64.5 | 0.82 | -57.95 | 0.60 | -29.41 | 12.99 | 11.41 | 54.65 | -32.36 | 30.00 | -70.45 | 70.00 | 0 | 0.00 | 0 | 11.93 | 33.59 |
| 2022 (9) | 1.11 | -40.32 | 12.22 | -33.98 | 2.87 | -63.76 | 8.54 | -8.08 | 2.82 | -65.69 | 5.51 | -46.66 | 3.07 | -68.58 | 1.95 | -65.43 | 0.85 | 3.66 | 11.66 | -34.24 | 80.79 | 7.19 | 101.54 | 4.71 | -1.54 | 0 | 0.00 | 0 | 8.93 | -8.5 |
| 2021 (8) | 1.86 | 0 | 18.51 | 69.51 | 7.92 | 1157.14 | 9.29 | -8.5 | 8.22 | 668.22 | 10.33 | 0 | 9.77 | 707.44 | 5.64 | 533.71 | 0.82 | 10.81 | 17.73 | 53.37 | 75.37 | -7.12 | 96.97 | 67.49 | 3.64 | -91.36 | 0.00 | 0 | 9.76 | 6.78 |
| 2020 (7) | -1.26 | 0 | 10.92 | -5.78 | 0.63 | -59.35 | 10.15 | 42.44 | 1.07 | -45.13 | -8.68 | 0 | 1.21 | -42.92 | 0.89 | -39.46 | 0.74 | -17.78 | 11.56 | 22.72 | 81.15 | 13.85 | 57.89 | -27.63 | 42.11 | 110.53 | 0.00 | 0 | 9.14 | 2.47 |
| 2019 (6) | 0.30 | -66.67 | 11.59 | -10.57 | 1.55 | -63.36 | 7.13 | 20.21 | 1.95 | -59.96 | 1.36 | -63.83 | 2.12 | -68.07 | 1.47 | -63.97 | 0.90 | -10.89 | 9.42 | -15.44 | 71.28 | -1.48 | 80.00 | -7.86 | 20.00 | 51.76 | 0.00 | 0 | 8.92 | 12.91 |
| 2018 (5) | 0.90 | 7.14 | 12.96 | 2.78 | 4.23 | -3.42 | 5.93 | -5.06 | 4.87 | 8.71 | 3.76 | -4.08 | 6.64 | 1.68 | 4.08 | -1.21 | 1.01 | 3.06 | 11.14 | 0.36 | 72.35 | -4.92 | 86.82 | -10.74 | 13.18 | 624.81 | 0.00 | 0 | 7.90 | -2.23 |
| 2017 (4) | 0.84 | -4.55 | 12.61 | -14.68 | 4.38 | -6.41 | 6.24 | -8.93 | 4.48 | -21.27 | 3.92 | -16.24 | 6.53 | -4.25 | 4.13 | -8.43 | 0.98 | 7.69 | 11.10 | -13.95 | 76.09 | 17.53 | 97.27 | 18.12 | 1.82 | -89.7 | 0.00 | 0 | 8.08 | -9.82 |
| 2016 (3) | 0.88 | -2.22 | 14.78 | 9.32 | 4.68 | -12.85 | 6.86 | 16.94 | 5.69 | 9.63 | 4.68 | 4.7 | 6.82 | -2.57 | 4.51 | -3.43 | 0.91 | -8.08 | 12.90 | 13.56 | 64.74 | 15.92 | 82.35 | -20.44 | 17.65 | 0 | 0.00 | 0 | 8.96 | 12.28 |
| 2015 (2) | 0.90 | -14.29 | 13.52 | -4.92 | 5.37 | -9.29 | 5.86 | -6.1 | 5.19 | -13.21 | 4.47 | -10.96 | 7.00 | -15.15 | 4.67 | -16.9 | 0.99 | -8.33 | 11.36 | -8.68 | 55.85 | -6.02 | 103.51 | 4.29 | -3.51 | 0 | 0.00 | 0 | 7.98 | 5.0 |
| 2014 (1) | 1.05 | -3.67 | 14.22 | 0 | 5.92 | 0 | 6.24 | -0.85 | 5.98 | 0 | 5.02 | 0 | 8.25 | 0 | 5.62 | 0 | 1.08 | 0.93 | 12.44 | -3.42 | 59.43 | 31.16 | 99.25 | -2.23 | 0.75 | 0 | 0.00 | 0 | 7.60 | -2.56 |
