- 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) | 0.08 | -33.33 | 700.0 | 42.80 | 1.9 | 3.56 | 3.16 | 13.67 | 436.17 | 6.46 | 56.42 | 503.74 | 2.37 | -29.04 | 930.43 | 0.70 | -33.33 | 1066.67 | 0.53 | -31.17 | 960.0 | 0.22 | -4.35 | 10.0 | 9.03 | 37.23 | 132.73 | 29.16 | -20.74 | -10.3 | 55.56 | -16.67 | 155.56 | 55.56 | 66.67 | -81.48 | 20.86 | -2.3 | -12.24 |
| 24Q2 (19) | 0.12 | 9.09 | 500.0 | 42.00 | 5.95 | 8.98 | 2.78 | 45.55 | 595.0 | 4.13 | 7.83 | 344.09 | 3.34 | 8.79 | 496.43 | 1.05 | 9.38 | 483.33 | 0.77 | 10.0 | 413.33 | 0.23 | 0.0 | -8.0 | 6.58 | 8.94 | 101.22 | 36.79 | -2.54 | 23.04 | 66.67 | 33.33 | -33.33 | 33.33 | -33.33 | -66.67 | 21.35 | -1.39 | 4.86 |
| 24Q1 (18) | 0.11 | 191.67 | 320.0 | 39.64 | 1.07 | 8.84 | 1.91 | 178.6 | 182.33 | 3.83 | 237.28 | 290.55 | 3.07 | 183.65 | 290.68 | 0.96 | 191.43 | 313.33 | 0.70 | 190.91 | 305.88 | 0.23 | 9.52 | 9.52 | 6.04 | 927.4 | 0 | 37.75 | 2.83 | 43.05 | 50.00 | -33.33 | -50.0 | 50.00 | 0 | 0 | 21.65 | 0.51 | -3.56 |
| 23Q4 (17) | -0.12 | -1300.0 | -9.09 | 39.22 | -5.11 | 2.67 | -2.43 | -158.51 | 30.37 | -2.79 | -360.75 | 37.02 | -3.67 | -1695.65 | -6.38 | -1.05 | -1850.0 | -5.0 | -0.77 | -1640.0 | -4.05 | 0.21 | 5.0 | -4.55 | -0.73 | -118.81 | 65.89 | 36.71 | 12.92 | 3.03 | 75.00 | 175.0 | -10.0 | -0.00 | -100.0 | -100.0 | 21.54 | -9.38 | 6.79 |
| 23Q3 (16) | 0.01 | -50.0 | -80.0 | 41.33 | 7.24 | 9.31 | -0.94 | -335.0 | -104.35 | 1.07 | 15.05 | -63.48 | 0.23 | -58.93 | -85.8 | 0.06 | -66.67 | -87.23 | 0.05 | -66.67 | -86.11 | 0.20 | -20.0 | -9.09 | 3.88 | 18.65 | -21.77 | 32.51 | 8.73 | 9.42 | -100.00 | -200.0 | -300.0 | 300.00 | 200.0 | 140.0 | 23.77 | 16.75 | 14.94 |
| 23Q2 (15) | 0.02 | 140.0 | -86.67 | 38.54 | 5.82 | 0.92 | 0.40 | 117.24 | 229.03 | 0.93 | 146.27 | -74.17 | 0.56 | 134.78 | -85.96 | 0.18 | 140.0 | -86.15 | 0.15 | 144.12 | -85.15 | 0.25 | 19.05 | 0.0 | 3.27 | 0 | -42.63 | 29.90 | 13.3 | -10.96 | 100.00 | 0.0 | 0 | 100.00 | 0 | 0.0 | 20.36 | -9.31 | 5.0 |
| 23Q1 (14) | -0.05 | 54.55 | -266.67 | 36.42 | -4.66 | -2.65 | -2.32 | 33.52 | -240.61 | -2.01 | 54.63 | -156.3 | -1.61 | 53.33 | -271.28 | -0.45 | 55.0 | -260.71 | -0.34 | 54.05 | -254.55 | 0.21 | -4.55 | -8.7 | 0.00 | 100.0 | -100.0 | 26.39 | -25.93 | -2.26 | 100.00 | 20.0 | 150.0 | -0.00 | -100.0 | -100.0 | 22.45 | 11.3 | 9.41 |
| 22Q4 (13) | -0.11 | -320.0 | -237.5 | 38.20 | 1.03 | -1.39 | -3.49 | -658.7 | -345.77 | -4.43 | -251.19 | -267.17 | -3.45 | -312.96 | -268.29 | -1.00 | -312.77 | -247.06 | -0.74 | -305.56 | -248.0 | 0.22 | 0.0 | -8.33 | -2.14 | -143.15 | -148.86 | 35.63 | 19.93 | -5.91 | 83.33 | 433.33 | 66.67 | 16.67 | -86.67 | -66.67 | 20.17 | -2.47 | 12.56 |
| 22Q3 (12) | 0.05 | -66.67 | 600.0 | 37.81 | -1.0 | -0.55 | -0.46 | -48.39 | -1050.0 | 2.93 | -18.61 | 4085.71 | 1.62 | -59.4 | 460.0 | 0.47 | -63.85 | 461.54 | 0.36 | -64.36 | 500.0 | 0.22 | -12.0 | 4.76 | 4.96 | -12.98 | 129.63 | 29.71 | -11.52 | -19.05 | -25.00 | 0 | 0 | 125.00 | 25.0 | 0 | 20.68 | 6.65 | 0.78 |
| 22Q2 (11) | 0.15 | 400.0 | -37.5 | 38.19 | 2.09 | -6.6 | -0.31 | -118.79 | -107.93 | 3.60 | 0.84 | -47.75 | 3.99 | 324.47 | -36.46 | 1.30 | 364.29 | -35.96 | 1.01 | 359.09 | -35.26 | 0.25 | 8.7 | 0.0 | 5.70 | -6.25 | -33.64 | 33.58 | 24.37 | 5.93 | 0.00 | -100.0 | -100.0 | 100.00 | 66.67 | 120.0 | 19.39 | -5.51 | 0.26 |
| 22Q1 (10) | 0.03 | -62.5 | -80.0 | 37.41 | -3.43 | -8.78 | 1.65 | 16.2 | -69.84 | 3.57 | 34.72 | -32.39 | 0.94 | -54.15 | -77.29 | 0.28 | -58.82 | -78.95 | 0.22 | -56.0 | -78.43 | 0.23 | -4.17 | -4.17 | 6.08 | 38.81 | -12.64 | 27.00 | -28.7 | -7.85 | 40.00 | -20.0 | -64.44 | 60.00 | 20.0 | 0 | 20.52 | 14.51 | 5.23 |
| 21Q4 (9) | 0.08 | 900.0 | -75.0 | 38.74 | 1.89 | -14.08 | 1.42 | 3650.0 | -80.22 | 2.65 | 3685.71 | -69.58 | 2.05 | 555.56 | -77.93 | 0.68 | 623.08 | -75.97 | 0.50 | 655.56 | -76.74 | 0.24 | 14.29 | 4.35 | 4.38 | 102.78 | -57.06 | 37.87 | 3.19 | 16.02 | 50.00 | 0 | -40.91 | 50.00 | 0 | 225.0 | 17.92 | -12.67 | -3.14 |
| 21Q3 (8) | -0.01 | -104.17 | -200.0 | 38.02 | -7.02 | -11.83 | -0.04 | -101.02 | -101.13 | 0.07 | -98.98 | -95.07 | -0.45 | -107.17 | -221.62 | -0.13 | -106.4 | -208.33 | -0.09 | -105.77 | -190.0 | 0.21 | -16.0 | -12.5 | 2.16 | -74.85 | -35.14 | 36.70 | 15.77 | 19.82 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 20.52 | 6.1 | 5.39 |
| 21Q2 (7) | 0.24 | 60.0 | -7.69 | 40.89 | -0.29 | -9.19 | 3.91 | -28.52 | -51.73 | 6.89 | 30.49 | -14.62 | 6.28 | 51.69 | -5.99 | 2.03 | 52.63 | -13.25 | 1.56 | 52.94 | -13.33 | 0.25 | 4.17 | -7.41 | 8.59 | 23.42 | -11.44 | 31.70 | 8.19 | -0.53 | 54.55 | -51.52 | -45.45 | 45.45 | 0 | 0 | 19.34 | -0.82 | 0 |
| 21Q1 (6) | 0.15 | -53.12 | -51.61 | 41.01 | -9.05 | -12.03 | 5.47 | -23.82 | -50.41 | 5.28 | -39.38 | -51.34 | 4.14 | -55.44 | -50.77 | 1.33 | -53.0 | -53.98 | 1.02 | -52.56 | -54.26 | 0.24 | 4.35 | -7.69 | 6.96 | -31.76 | -45.02 | 29.30 | -10.23 | 1.14 | 112.50 | 32.95 | 12.5 | 0.00 | -100.0 | 0 | 19.50 | 5.41 | 0 |
| 20Q4 (5) | 0.32 | 3100.0 | 39.13 | 45.09 | 4.57 | -0.68 | 7.18 | 102.82 | -4.39 | 8.71 | 513.38 | 10.39 | 9.29 | 2410.81 | 40.76 | 2.83 | 2258.33 | 29.22 | 2.15 | 2050.0 | 29.52 | 0.23 | -4.17 | -8.0 | 10.20 | 206.31 | 8.51 | 32.64 | 6.56 | 4.62 | 84.62 | -66.15 | -7.69 | 15.38 | 110.26 | 84.62 | 18.50 | -4.98 | -0.38 |
| 20Q3 (4) | 0.01 | -96.15 | 0.0 | 43.12 | -4.24 | 0.0 | 3.54 | -56.3 | 0.0 | 1.42 | -82.4 | 0.0 | 0.37 | -94.46 | 0.0 | 0.12 | -94.87 | 0.0 | 0.10 | -94.44 | 0.0 | 0.24 | -11.11 | 0.0 | 3.33 | -65.67 | 0.0 | 30.63 | -3.89 | 0.0 | 250.00 | 150.0 | 0.0 | -150.00 | 0 | 0.0 | 19.47 | 0 | 0.0 |
| 20Q2 (3) | 0.26 | -16.13 | 0.0 | 45.03 | -3.41 | 0.0 | 8.10 | -26.56 | 0.0 | 8.07 | -25.62 | 0.0 | 6.68 | -20.57 | 0.0 | 2.34 | -19.03 | 0.0 | 1.80 | -19.28 | 0.0 | 0.27 | 3.85 | 0.0 | 9.70 | -23.38 | 0.0 | 31.87 | 10.01 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.31 | 34.78 | 0.0 | 46.62 | 2.69 | 0.0 | 11.03 | 46.87 | 0.0 | 10.85 | 37.52 | 0.0 | 8.41 | 27.42 | 0.0 | 2.89 | 31.96 | 0.0 | 2.23 | 34.34 | 0.0 | 0.26 | 4.0 | 0.0 | 12.66 | 34.68 | 0.0 | 28.97 | -7.15 | 0.0 | 100.00 | 9.09 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 45.40 | 0.0 | 0.0 | 7.51 | 0.0 | 0.0 | 7.89 | 0.0 | 0.0 | 6.60 | 0.0 | 0.0 | 2.19 | 0.0 | 0.0 | 1.66 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 9.40 | 0.0 | 0.0 | 31.20 | 0.0 | 0.0 | 91.67 | 0.0 | 0.0 | 8.33 | 0.0 | 0.0 | 18.57 | 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) | -0.14 | 0 | 38.84 | 2.45 | -1.27 | 0 | 2.17 | 5.96 | -0.67 | 0 | -1.09 | 0 | -1.26 | 0 | -0.89 | 0 | 0.85 | -4.49 | 1.62 | -56.8 | 36.71 | 3.03 | 175.00 | 0 | -75.00 | 0 | 0.15 | 0 | 21.95 | 8.82 |
| 2022 (9) | 0.12 | -73.91 | 37.91 | -4.56 | -0.61 | 0 | 2.04 | 15.04 | 1.52 | -60.62 | 0.88 | -71.88 | 1.07 | -73.12 | 0.80 | -72.97 | 0.89 | -5.32 | 3.75 | -35.57 | 35.63 | -5.91 | -44.44 | 0 | 133.33 | 357.14 | 0.00 | 0 | 20.17 | 4.62 |
| 2021 (8) | 0.46 | -49.45 | 39.72 | -11.71 | 2.78 | -63.08 | 1.78 | 22.62 | 3.86 | -47.34 | 3.13 | -49.68 | 3.98 | -51.29 | 2.96 | -52.41 | 0.94 | -6.0 | 5.82 | -34.31 | 37.87 | 16.02 | 70.83 | -32.18 | 29.17 | 0 | 0.00 | 0 | 19.28 | 3.16 |
| 2020 (7) | 0.91 | 54.24 | 44.99 | 1.6 | 7.53 | 54.3 | 1.45 | -4.03 | 7.33 | 50.51 | 6.22 | 49.16 | 8.17 | 45.12 | 6.22 | 44.65 | 1.00 | -1.96 | 8.86 | 35.47 | 32.64 | 4.62 | 104.44 | 4.44 | -2.22 | 0 | 0.15 | -54.22 | 18.69 | -0.69 |
| 2019 (6) | 0.59 | 268.75 | 44.28 | 5.15 | 4.88 | 166.67 | 1.51 | 6.27 | 4.87 | 172.07 | 4.17 | 239.02 | 5.63 | 245.4 | 4.30 | 252.46 | 1.02 | 3.03 | 6.54 | 94.07 | 31.20 | -5.54 | 100.00 | 0.0 | 0.00 | 0 | 0.34 | -4.19 | 18.82 | -3.04 |
| 2018 (5) | 0.16 | -5.88 | 42.11 | -0.24 | 1.83 | 18.06 | 1.42 | 5.15 | 1.79 | 0.0 | 1.23 | 0.82 | 1.63 | -6.32 | 1.22 | -2.4 | 0.99 | -2.94 | 3.37 | 4.98 | 33.03 | -4.84 | 100.00 | 22.22 | 0.00 | 0 | 0.35 | 0 | 19.41 | 0.52 |
| 2017 (4) | 0.17 | 0 | 42.21 | 3.38 | 1.55 | 0 | 1.35 | -17.87 | 1.79 | 0 | 1.22 | 0 | 1.74 | 0 | 1.25 | 0 | 1.02 | 10.87 | 3.21 | 0 | 34.71 | -20.97 | 81.82 | -7.02 | 9.09 | 13.64 | 0.00 | 0 | 19.31 | -6.98 |
| 2016 (3) | -0.57 | 0 | 40.83 | -2.06 | -4.07 | 0 | 1.65 | -1.77 | -4.49 | 0 | -4.42 | 0 | -5.65 | 0 | -4.07 | 0 | 0.92 | -8.0 | -2.74 | 0 | 43.92 | 29.25 | 88.00 | -36.0 | 8.00 | 0 | 0.00 | 0 | 20.76 | 5.33 |
| 2015 (2) | -0.20 | 0 | 41.69 | 5.92 | -1.76 | 0 | 1.68 | -3.02 | -1.41 | 0 | -1.39 | 0 | -1.86 | 0 | -1.39 | 0 | 1.00 | 5.26 | 0.34 | 0 | 33.98 | 2.78 | 137.50 | 16.35 | -25.00 | 0 | 0.00 | 0 | 19.71 | -1.1 |
| 2014 (1) | -0.24 | 0 | 39.36 | 0 | -2.22 | 0 | 1.73 | -9.4 | -1.98 | 0 | -1.77 | 0 | -2.25 | 0 | -1.67 | 0 | 0.95 | 3.26 | -0.17 | 0 | 33.06 | -7.58 | 118.18 | -11.36 | -9.09 | 0 | 0.00 | 0 | 19.93 | 0.61 |
