- 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) | 0.23 | 27.78 | 155.56 | 17.29 | -9.14 | 18.59 | 3.75 | 63.76 | 557.89 | 5.27 | 56.85 | 43.21 | 4.29 | 39.29 | 95.0 | 1.37 | 52.22 | 104.48 | 0.95 | 37.68 | 86.27 | 0.19 | 11.76 | 5.56 | 10.28 | 4.58 | 7.31 | 66.65 | -3.35 | -11.24 | 70.59 | 0.84 | 323.53 | 29.41 | -1.96 | -64.71 | 13.25 | -6.76 | 2.55 |
| 24Q2 (19) | 0.18 | -25.0 | 460.0 | 19.03 | 8.0 | 55.86 | 2.29 | -34.57 | 146.73 | 3.36 | -39.68 | 310.0 | 3.08 | -41.44 | 249.51 | 0.90 | -38.78 | 295.65 | 0.69 | -31.68 | 483.33 | 0.17 | 0.0 | 21.43 | 9.83 | -21.11 | 70.66 | 68.96 | 5.25 | 10.99 | 70.00 | 12.0 | -76.67 | 30.00 | -20.0 | 115.0 | 14.21 | -2.74 | -16.41 |
| 24Q1 (18) | 0.24 | -11.11 | 200.0 | 17.62 | -12.6 | 34.71 | 3.50 | -41.08 | 297.73 | 5.57 | -20.77 | 144.3 | 5.26 | -18.2 | 149.29 | 1.47 | -31.94 | 145.0 | 1.01 | -26.81 | 110.42 | 0.17 | -10.53 | -5.56 | 12.46 | -1.5 | 58.93 | 65.52 | -6.06 | 10.62 | 62.50 | -28.12 | 45.83 | 37.50 | 115.62 | -34.37 | 14.61 | 4.28 | 11.78 |
| 23Q4 (17) | 0.27 | 200.0 | 1250.0 | 20.16 | 38.27 | 67.03 | 5.94 | 942.11 | 533.58 | 7.03 | 91.03 | 384.83 | 6.43 | 192.27 | 506.6 | 2.16 | 222.39 | 596.77 | 1.38 | 170.59 | 411.11 | 0.19 | 5.56 | 5.56 | 12.65 | 32.05 | 86.85 | 69.75 | -7.11 | 14.31 | 86.96 | 421.74 | 208.7 | 17.39 | -79.13 | -90.34 | 14.01 | 8.44 | 10.49 |
| 23Q3 (16) | 0.09 | 280.0 | 0 | 14.58 | 19.41 | 24.83 | 0.57 | 111.63 | 337.5 | 3.68 | 330.0 | 5157.14 | 2.20 | 206.8 | 3566.67 | 0.67 | 245.65 | 3250.0 | 0.51 | 383.33 | 628.57 | 0.18 | 28.57 | 0.0 | 9.58 | 66.32 | 76.75 | 75.09 | 20.86 | 27.38 | 16.67 | -94.44 | 0 | 83.33 | 141.67 | 0 | 12.92 | -24.0 | 5.56 |
| 23Q2 (15) | -0.05 | -162.5 | -400.0 | 12.21 | -6.65 | -11.2 | -4.90 | -656.82 | -452.52 | -1.60 | -170.18 | -455.56 | -2.06 | -197.63 | -1111.76 | -0.46 | -176.67 | -820.0 | -0.18 | -137.5 | -1000.0 | 0.14 | -22.22 | -30.0 | 5.76 | -26.53 | 13.16 | 62.13 | 4.9 | -11.57 | 300.00 | 600.0 | 20.0 | -200.00 | -450.0 | 0.0 | 17.00 | 30.07 | 45.55 |
| 23Q1 (14) | 0.08 | 300.0 | -69.23 | 13.08 | 8.37 | -15.83 | 0.88 | 164.23 | -75.07 | 2.28 | 57.24 | -59.14 | 2.11 | 99.06 | -50.93 | 0.60 | 93.55 | -60.26 | 0.48 | 77.78 | -52.0 | 0.18 | 0.0 | -18.18 | 7.84 | 15.81 | -18.25 | 59.23 | -2.93 | -2.58 | 42.86 | 153.57 | -34.29 | 57.14 | -68.25 | 46.03 | 13.07 | 3.08 | 13.85 |
| 22Q4 (13) | 0.02 | 0 | 114.29 | 12.07 | 3.34 | -20.85 | -1.37 | -470.83 | -140.06 | 1.45 | 1971.43 | -68.06 | 1.06 | 1666.67 | 141.25 | 0.31 | 1450.0 | 138.75 | 0.27 | 285.71 | 160.0 | 0.18 | 0.0 | -10.0 | 6.77 | 24.91 | -24.94 | 61.02 | 3.51 | 7.47 | -80.00 | 0 | -204.62 | 180.00 | 0 | 665.0 | 12.68 | 3.59 | 8.56 |
| 22Q3 (12) | 0.00 | 100.0 | -100.0 | 11.68 | -15.05 | -39.79 | -0.24 | -117.27 | -103.6 | 0.07 | -84.44 | -99.08 | 0.06 | 135.29 | -98.37 | 0.02 | 140.0 | -98.18 | 0.07 | 250.0 | -90.41 | 0.18 | -10.0 | 0.0 | 5.42 | 6.48 | -55.79 | 58.95 | -16.1 | -6.46 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 12.24 | 4.79 | -7.27 |
| 22Q2 (11) | -0.01 | -103.85 | -100.56 | 13.75 | -11.52 | -34.08 | 1.39 | -60.62 | -75.66 | 0.45 | -91.94 | -92.44 | -0.17 | -103.95 | -100.5 | -0.05 | -103.31 | -103.25 | 0.02 | -98.0 | -97.96 | 0.20 | -9.09 | 5.26 | 5.09 | -46.92 | -50.77 | 70.26 | 15.56 | 14.99 | 250.00 | 283.33 | 150.0 | -200.00 | -611.11 | -4500.0 | 11.68 | 1.74 | -23.76 |
| 22Q1 (10) | 0.26 | 285.71 | -13.33 | 15.54 | 1.9 | -27.35 | 3.53 | 3.22 | -59.43 | 5.58 | 22.91 | -33.57 | 4.30 | 267.32 | -35.92 | 1.51 | 288.75 | -33.19 | 1.00 | 322.22 | -27.54 | 0.22 | 10.0 | 10.0 | 9.59 | 6.32 | -25.25 | 60.80 | 7.08 | -14.09 | 65.22 | -14.72 | -38.74 | 39.13 | 66.3 | 1313.04 | 11.48 | -1.71 | -16.51 |
| 21Q4 (9) | -0.14 | -216.67 | -145.16 | 15.25 | -21.39 | -39.07 | 3.42 | -48.73 | -64.78 | 4.54 | -40.11 | -41.04 | -2.57 | -169.84 | -144.85 | -0.80 | -172.73 | -137.56 | -0.45 | -161.64 | -134.62 | 0.20 | 11.11 | -9.09 | 9.02 | -26.43 | -22.44 | 56.78 | -9.9 | -21.43 | 76.47 | -13.97 | -39.22 | 23.53 | 111.76 | 191.18 | 11.68 | -11.52 | -11.58 |
| 21Q3 (8) | 0.12 | -93.26 | -50.0 | 19.40 | -7.0 | -10.48 | 6.67 | 16.81 | -20.41 | 7.58 | 27.39 | -17.61 | 3.68 | -89.25 | -44.16 | 1.10 | -28.57 | -47.12 | 0.73 | -25.51 | -42.97 | 0.18 | -5.26 | -5.26 | 12.26 | 18.57 | -13.11 | 63.02 | 3.14 | -12.57 | 88.89 | -11.11 | -1.59 | 11.11 | 144.44 | 14.81 | 13.20 | -13.84 | -6.32 |
| 21Q2 (7) | 1.78 | 493.33 | 6033.33 | 20.86 | -2.48 | 24.46 | 5.71 | -34.37 | 377.18 | 5.95 | -29.17 | 462.8 | 34.23 | 410.13 | 3050.86 | 1.54 | -31.86 | 631.03 | 0.98 | -28.99 | 990.91 | 0.19 | -5.0 | 26.67 | 10.34 | -19.41 | 129.27 | 61.10 | -13.66 | -10.79 | 100.00 | -6.06 | -20.0 | 4.55 | 240.91 | 118.18 | 15.32 | 11.42 | 0 |
| 21Q1 (6) | 0.30 | -3.23 | 114.29 | 21.39 | -14.54 | 4.34 | 8.70 | -10.4 | 28.89 | 8.40 | 9.09 | 31.05 | 6.71 | 17.1 | 80.38 | 2.26 | 6.1 | 79.37 | 1.38 | 6.15 | 68.29 | 0.20 | -9.09 | 0.0 | 12.83 | 10.32 | 21.27 | 70.77 | -2.08 | 10.99 | 106.45 | -15.38 | -1.74 | -3.23 | 87.5 | 22.58 | 13.75 | 4.09 | 0 |
| 20Q4 (5) | 0.31 | 29.17 | 47.62 | 25.03 | 15.51 | 26.86 | 9.71 | 15.87 | 64.02 | 7.70 | -16.3 | 17.2 | 5.73 | -13.05 | 17.42 | 2.13 | 2.4 | 17.68 | 1.30 | 1.56 | 13.04 | 0.22 | 15.79 | 0.0 | 11.63 | -17.58 | 11.19 | 72.27 | 0.26 | 4.82 | 125.81 | 39.29 | 41.53 | -25.81 | -366.67 | -332.26 | 13.21 | -6.25 | 9.35 |
| 20Q3 (4) | 0.24 | 900.0 | 0.0 | 21.67 | 29.3 | 0.0 | 8.38 | 506.8 | 0.0 | 9.20 | 660.98 | 0.0 | 6.59 | 668.1 | 0.0 | 2.08 | 817.24 | 0.0 | 1.28 | 1263.64 | 0.0 | 0.19 | 26.67 | 0.0 | 14.11 | 212.86 | 0.0 | 72.08 | 5.24 | 0.0 | 90.32 | -27.74 | 0.0 | 9.68 | 138.71 | 0.0 | 14.09 | 0 | 0.0 |
| 20Q2 (3) | -0.03 | -121.43 | 0.0 | 16.76 | -18.24 | 0.0 | -2.06 | -130.52 | 0.0 | -1.64 | -125.59 | 0.0 | -1.16 | -131.18 | 0.0 | -0.29 | -123.02 | 0.0 | -0.11 | -113.41 | 0.0 | 0.15 | -25.0 | 0.0 | 4.51 | -57.37 | 0.0 | 68.49 | 7.42 | 0.0 | 125.00 | 15.38 | 0.0 | -25.00 | -500.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.14 | -33.33 | 0.0 | 20.50 | 3.9 | 0.0 | 6.75 | 14.02 | 0.0 | 6.41 | -2.44 | 0.0 | 3.72 | -23.77 | 0.0 | 1.26 | -30.39 | 0.0 | 0.82 | -28.7 | 0.0 | 0.20 | -9.09 | 0.0 | 10.58 | 1.15 | 0.0 | 63.76 | -7.53 | 0.0 | 108.33 | 21.87 | 0.0 | -4.17 | -137.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 19.73 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 6.57 | 0.0 | 0.0 | 4.88 | 0.0 | 0.0 | 1.81 | 0.0 | 0.0 | 1.15 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 10.46 | 0.0 | 0.0 | 68.95 | 0.0 | 0.0 | 88.89 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 12.08 | 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 | 44.44 | 15.24 | 13.65 | 1.03 | 1.98 | 5.30 | 23.84 | 3.17 | 53.14 | 2.48 | 71.03 | 2.85 | 54.89 | 2.16 | 53.19 | 0.70 | -12.5 | 9.28 | 37.08 | 69.75 | 14.31 | 31.58 | -36.84 | 68.42 | 36.84 | 0.18 | 60.27 | 14.08 | 17.53 |
| 2022 (9) | 0.27 | -86.83 | 13.41 | -30.34 | 1.01 | -83.52 | 4.28 | 3.6 | 2.07 | -68.73 | 1.45 | -86.44 | 1.84 | -55.66 | 1.41 | -48.73 | 0.80 | 1.27 | 6.77 | -39.06 | 61.02 | 7.47 | 50.00 | -46.15 | 50.00 | 600.0 | 0.11 | 2.17 | 11.98 | -11.26 |
| 2021 (8) | 2.05 | 215.38 | 19.25 | -9.96 | 6.13 | -2.85 | 4.13 | -4.88 | 6.62 | 12.01 | 10.69 | 163.3 | 4.15 | -18.15 | 2.75 | -14.06 | 0.79 | 8.22 | 11.11 | 4.42 | 56.78 | -21.43 | 92.86 | -12.48 | 7.14 | 0 | 0.11 | -65.58 | 13.50 | -1.53 |
| 2020 (7) | 0.65 | -24.42 | 21.38 | 15.32 | 6.31 | 30.1 | 4.34 | 9.57 | 5.91 | 4.42 | 4.06 | -11.93 | 5.07 | -23.64 | 3.20 | -21.57 | 0.73 | -13.1 | 10.64 | 6.61 | 72.27 | 4.82 | 106.10 | 23.78 | -7.32 | 0 | 0.32 | 495.88 | 13.71 | 14.44 |
| 2019 (6) | 0.86 | 0 | 18.54 | 64.36 | 4.85 | 0 | 3.97 | 18.9 | 5.66 | 0 | 4.61 | 0 | 6.64 | 0 | 4.08 | 0 | 0.84 | -9.68 | 9.98 | 230.46 | 68.95 | -7.88 | 85.71 | -32.65 | 14.29 | 0 | 0.05 | 4.73 | 11.98 | 12.38 |
| 2018 (5) | -0.49 | 0 | 11.28 | -25.15 | -0.74 | 0 | 3.34 | 17.84 | -0.57 | 0 | -1.28 | 0 | -2.04 | 0 | -1.00 | 0 | 0.93 | -6.06 | 3.02 | -70.22 | 74.85 | 10.06 | 127.27 | 203.03 | -27.27 | 0 | 0.05 | 0 | 10.66 | -6.33 |
| 2017 (4) | 1.35 | -16.15 | 15.07 | -35.95 | 2.98 | -57.18 | 2.83 | -14.15 | 7.09 | -17.08 | 5.16 | -24.23 | 8.39 | -18.07 | 5.26 | -16.64 | 0.99 | 10.0 | 10.14 | -16.13 | 68.01 | 14.82 | 42.00 | -48.53 | 58.00 | 215.13 | 0.00 | 0 | 11.38 | -18.77 |
| 2016 (3) | 1.61 | -23.33 | 23.53 | 2.75 | 6.96 | -10.88 | 3.30 | 67.77 | 8.55 | 1.42 | 6.81 | -2.3 | 10.24 | -22.66 | 6.31 | -17.41 | 0.90 | -15.09 | 12.09 | 12.99 | 59.23 | -20.15 | 81.60 | -12.02 | 18.40 | 153.72 | 0.00 | 0 | 14.01 | 37.35 |
| 2015 (2) | 2.10 | 52.17 | 22.90 | 28.22 | 7.81 | 60.37 | 1.97 | 42.76 | 8.43 | 50.54 | 6.97 | 62.85 | 13.24 | 45.02 | 7.64 | 44.42 | 1.06 | -8.62 | 10.70 | 45.98 | 74.18 | -11.43 | 92.75 | 6.66 | 7.25 | -44.39 | 0.00 | 0 | 10.20 | 25.15 |
| 2014 (1) | 1.38 | -14.81 | 17.86 | 0 | 4.87 | 0 | 1.38 | -2.47 | 5.60 | 0 | 4.28 | 0 | 9.13 | 0 | 5.29 | 0 | 1.16 | -2.52 | 7.33 | -4.56 | 83.75 | 0.17 | 86.96 | -8.53 | 13.04 | 164.6 | 0.00 | 0 | 8.15 | 0.62 |
