- 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 | -36.11 | -42.5 | 56.31 | 2.03 | 0.0 | 2.64 | -54.72 | -38.46 | 5.95 | -31.29 | -22.53 | 3.29 | -55.96 | -32.58 | 0.48 | -57.89 | -52.0 | 0.36 | -57.14 | -49.3 | 0.11 | 0.0 | -26.67 | 9.87 | -19.69 | -10.84 | 35.80 | -3.82 | -6.92 | 44.44 | -34.64 | -18.52 | 55.56 | 73.61 | 22.22 | 42.61 | 10.22 | 14.85 |
| 24Q2 (19) | 0.36 | -23.4 | -46.27 | 55.19 | 0.97 | -7.43 | 5.83 | -25.54 | -58.42 | 8.66 | -22.68 | -42.23 | 7.47 | -6.97 | -37.49 | 1.14 | -16.18 | -56.98 | 0.84 | -16.0 | -55.32 | 0.11 | -8.33 | -31.25 | 12.29 | -17.29 | -32.62 | 37.22 | -4.24 | -14.36 | 68.00 | -2.43 | -27.02 | 32.00 | 5.6 | 369.33 | 38.66 | -0.67 | 3.07 |
| 24Q1 (18) | 0.47 | 327.27 | -4.08 | 54.66 | 1.5 | -3.39 | 7.83 | 415.13 | -23.76 | 11.20 | 355.28 | -13.85 | 8.03 | 293.63 | -20.65 | 1.36 | 277.78 | -31.31 | 1.00 | 270.37 | -29.58 | 0.12 | -7.69 | -14.29 | 14.86 | 149.33 | -12.84 | 38.87 | 6.84 | -2.92 | 69.70 | 21.97 | -8.86 | 30.30 | -29.29 | 47.19 | 38.92 | 4.62 | -4.14 |
| 23Q4 (17) | 0.11 | -72.5 | -50.0 | 53.85 | -4.37 | -4.67 | 1.52 | -64.57 | -73.88 | 2.46 | -67.97 | -63.45 | 2.04 | -58.2 | -56.03 | 0.36 | -64.0 | -61.29 | 0.27 | -61.97 | -60.29 | 0.13 | -13.33 | -7.14 | 5.96 | -46.16 | -44.25 | 36.38 | -5.41 | -6.24 | 57.14 | 4.76 | -31.43 | 42.86 | -5.71 | 285.71 | 37.20 | 0.27 | -3.63 |
| 23Q3 (16) | 0.40 | -40.3 | 17.65 | 56.31 | -5.55 | -4.17 | 4.29 | -69.4 | -53.22 | 7.68 | -48.77 | -29.93 | 4.88 | -59.16 | -42.45 | 1.00 | -62.26 | -38.27 | 0.71 | -62.23 | -39.32 | 0.15 | -6.25 | 7.14 | 11.07 | -39.31 | -28.35 | 38.46 | -11.5 | 1.69 | 54.55 | -41.46 | -35.97 | 45.45 | 566.67 | 206.82 | 37.10 | -1.09 | -4.97 |
| 23Q2 (15) | 0.67 | 36.73 | 346.67 | 59.62 | 5.37 | 15.14 | 14.02 | 36.51 | 292.72 | 14.99 | 15.31 | 269.21 | 11.95 | 18.08 | 268.83 | 2.65 | 33.84 | 341.67 | 1.88 | 32.39 | 327.27 | 0.16 | 14.29 | 14.29 | 18.24 | 6.98 | 110.14 | 43.46 | 8.54 | 7.95 | 93.18 | 21.85 | 3.54 | 6.82 | -66.88 | -31.82 | 37.51 | -7.61 | -2.5 |
| 23Q1 (14) | 0.49 | 122.73 | 390.0 | 56.58 | 0.16 | 4.84 | 10.27 | 76.46 | 128.22 | 13.00 | 93.16 | 86.78 | 10.12 | 118.1 | 83.0 | 1.98 | 112.9 | 106.25 | 1.42 | 108.82 | 97.22 | 0.14 | 0.0 | 7.69 | 17.05 | 59.49 | 45.23 | 40.04 | 3.2 | 13.27 | 76.47 | -8.24 | 22.35 | 20.59 | 85.29 | -45.1 | 40.60 | 5.18 | -2.64 |
| 22Q4 (13) | 0.22 | -35.29 | 540.0 | 56.49 | -3.86 | 3.07 | 5.82 | -36.53 | 245.86 | 6.73 | -38.59 | 401.79 | 4.64 | -45.28 | 381.21 | 0.93 | -42.59 | 432.14 | 0.68 | -41.88 | 440.0 | 0.14 | 0.0 | 16.67 | 10.69 | -30.81 | 290.15 | 38.80 | 2.59 | 9.02 | 83.33 | -2.17 | -53.7 | 11.11 | -25.0 | 113.89 | 38.60 | -1.13 | -9.01 |
| 22Q3 (12) | 0.34 | 126.67 | 209.09 | 58.76 | 13.48 | 9.81 | 9.17 | 156.86 | 238.38 | 10.96 | 169.95 | 133.19 | 8.48 | 161.73 | 140.91 | 1.62 | 170.0 | 165.57 | 1.17 | 165.91 | 154.35 | 0.14 | 0.0 | 7.69 | 15.45 | 78.0 | 67.03 | 37.82 | -6.06 | 6.45 | 85.19 | -5.35 | 56.17 | 14.81 | 48.15 | -67.41 | 39.04 | 1.48 | 7.64 |
| 22Q2 (11) | 0.15 | 50.0 | -40.0 | 51.78 | -4.06 | -6.4 | 3.57 | -20.67 | -50.0 | 4.06 | -41.67 | -52.01 | 3.24 | -41.41 | -52.42 | 0.60 | -37.5 | -53.12 | 0.44 | -38.89 | -54.17 | 0.14 | 7.69 | 0.0 | 8.68 | -26.06 | -29.08 | 40.26 | 13.89 | 16.56 | 90.00 | 44.0 | 5.0 | 10.00 | -73.33 | -30.0 | 38.47 | -7.75 | -2.41 |
| 22Q1 (10) | 0.10 | 300.0 | -60.0 | 53.97 | -1.53 | -1.33 | 4.50 | 212.78 | -36.35 | 6.96 | 412.11 | 9.26 | 5.53 | 435.15 | 10.16 | 0.96 | 442.86 | 7.87 | 0.72 | 460.0 | 7.46 | 0.13 | 8.33 | 0.0 | 11.74 | 328.47 | 12.56 | 35.35 | -0.67 | 4.65 | 62.50 | -65.28 | -41.41 | 37.50 | 146.88 | 381.25 | 41.70 | -1.7 | 12.46 |
| 21Q4 (9) | -0.05 | -145.45 | -138.46 | 54.81 | 2.43 | 8.36 | -3.99 | -247.23 | -119.23 | -2.23 | -147.45 | -3085.71 | -1.65 | -146.88 | -534.62 | -0.28 | -145.9 | -600.0 | -0.20 | -143.48 | -566.67 | 0.12 | -7.69 | -7.69 | 2.74 | -70.38 | -33.66 | 35.59 | 0.17 | 3.01 | 180.00 | 230.0 | 0 | -80.00 | -276.0 | 0 | 42.42 | 16.96 | 13.27 |
| 21Q3 (8) | 0.11 | -56.0 | 266.67 | 53.51 | -3.27 | 8.34 | 2.71 | -62.04 | 310.08 | 4.70 | -44.44 | 1520.69 | 3.52 | -48.31 | 514.12 | 0.61 | -52.34 | 535.71 | 0.46 | -52.08 | 560.0 | 0.13 | -7.14 | 8.33 | 9.25 | -24.43 | 94.33 | 35.53 | 2.87 | 2.75 | 54.55 | -36.36 | 118.18 | 45.45 | 218.18 | -84.85 | 36.27 | -7.99 | -3.28 |
| 21Q2 (7) | 0.25 | 0.0 | 0 | 55.32 | 1.13 | 10.27 | 7.14 | 0.99 | 252.56 | 8.46 | 32.81 | 645.81 | 6.81 | 35.66 | 787.88 | 1.28 | 43.82 | 1014.29 | 0.96 | 43.28 | 1060.0 | 0.14 | 7.69 | 27.27 | 12.24 | 17.35 | 219.58 | 34.54 | 2.25 | 0.52 | 85.71 | -19.64 | -71.43 | 14.29 | 207.14 | 107.14 | 39.42 | 6.31 | 0 |
| 21Q1 (6) | 0.25 | 92.31 | 127.27 | 54.70 | 8.15 | 0.76 | 7.07 | 488.46 | 20.24 | 6.37 | 9200.0 | 40.93 | 5.02 | 2030.77 | 80.58 | 0.89 | 2325.0 | 117.07 | 0.67 | 2333.33 | 116.13 | 0.13 | 0.0 | 18.18 | 10.43 | 152.54 | 13.0 | 33.78 | -2.23 | 3.81 | 106.67 | 0 | -12.73 | -13.33 | 0 | 60.0 | 37.08 | -0.99 | 0 |
| 20Q4 (5) | 0.13 | 333.33 | 1400.0 | 50.58 | 2.41 | -4.87 | -1.82 | -41.09 | 30.27 | -0.07 | -124.14 | 85.42 | -0.26 | 69.41 | -186.67 | -0.04 | 71.43 | -180.0 | -0.03 | 70.0 | -175.0 | 0.13 | 8.33 | 18.18 | 4.13 | -13.24 | -9.23 | 34.55 | -0.09 | -0.49 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 37.45 | -0.13 | 0 |
| 20Q3 (4) | 0.03 | 0 | 0.0 | 49.39 | -1.55 | 0.0 | -1.29 | 72.44 | 0.0 | 0.29 | 118.71 | 0.0 | -0.85 | 14.14 | 0.0 | -0.14 | 0.0 | 0.0 | -0.10 | 0.0 | 0.0 | 0.12 | 9.09 | 0.0 | 4.76 | 24.28 | 0.0 | 34.58 | 0.64 | 0.0 | -300.00 | -200.0 | 0.0 | 300.00 | 250.0 | 0.0 | 37.50 | 0 | 0.0 |
| 20Q2 (3) | 0.00 | -100.0 | 0.0 | 50.17 | -7.59 | 0.0 | -4.68 | -179.59 | 0.0 | -1.55 | -134.29 | 0.0 | -0.99 | -135.61 | 0.0 | -0.14 | -134.15 | 0.0 | -0.10 | -132.26 | 0.0 | 0.11 | 0.0 | 0.0 | 3.83 | -58.5 | 0.0 | 34.36 | 5.59 | 0.0 | 300.00 | 145.45 | 0.0 | -200.00 | -500.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.11 | 1200.0 | 0.0 | 54.29 | 2.11 | 0.0 | 5.88 | 325.29 | 0.0 | 4.52 | 1041.67 | 0.0 | 2.78 | 826.67 | 0.0 | 0.41 | 720.0 | 0.0 | 0.31 | 675.0 | 0.0 | 0.11 | 0.0 | 0.0 | 9.23 | 102.86 | 0.0 | 32.54 | -6.28 | 0.0 | 122.22 | -75.56 | 0.0 | -33.33 | 91.67 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 53.17 | 0.0 | 0.0 | -2.61 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 4.55 | 0.0 | 0.0 | 34.72 | 0.0 | 0.0 | 500.00 | 0.0 | 0.0 | -400.00 | 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) | 1.67 | 108.75 | 56.62 | 2.37 | 7.51 | 29.48 | 2.84 | -18.16 | 9.50 | 32.13 | 7.22 | 31.99 | 5.34 | 31.53 | 3.90 | 30.87 | 0.54 | 0.0 | 13.04 | 12.12 | 36.38 | -6.24 | 79.44 | -2.44 | 20.56 | 2.8 | 1.40 | -26.19 | 38.03 | -3.48 |
| 2022 (9) | 0.80 | 42.86 | 55.31 | 1.3 | 5.80 | 71.09 | 3.47 | 3.07 | 7.19 | 60.85 | 5.47 | 54.52 | 4.06 | 61.75 | 2.98 | 59.36 | 0.54 | 3.85 | 11.63 | 33.83 | 38.80 | 9.02 | 81.43 | 7.7 | 20.00 | -18.0 | 1.90 | -15.12 | 39.40 | 1.62 |
| 2021 (8) | 0.56 | 107.41 | 54.60 | 6.89 | 3.39 | 0 | 3.37 | -20.11 | 4.47 | 458.75 | 3.54 | 2260.0 | 2.51 | 2410.0 | 1.87 | 1977.78 | 0.52 | 13.04 | 8.69 | 55.73 | 35.59 | 3.01 | 75.61 | 0 | 24.39 | -85.37 | 2.24 | -2.75 | 38.77 | 0.54 |
| 2020 (7) | 0.27 | 92.86 | 51.08 | -6.02 | -0.47 | 0 | 4.21 | -20.26 | 0.80 | -75.9 | 0.15 | -94.42 | 0.10 | -93.63 | 0.09 | -92.5 | 0.46 | 4.55 | 5.58 | -36.3 | 34.55 | -0.49 | -66.67 | 0 | 166.67 | 140.74 | 2.31 | 138.82 | 38.56 | 4.41 |
| 2019 (6) | 0.14 | -71.43 | 54.35 | -5.46 | 1.06 | -76.13 | 5.28 | 50.87 | 3.32 | -44.11 | 2.69 | -44.42 | 1.57 | -42.91 | 1.20 | -42.03 | 0.44 | 2.33 | 8.76 | -8.75 | 34.72 | 5.02 | 30.77 | -58.37 | 69.23 | 165.38 | 0.97 | 32.4 | 36.93 | 5.18 |
| 2018 (5) | 0.49 | 0 | 57.49 | 9.48 | 4.44 | 0 | 3.50 | -12.83 | 5.94 | 3612.5 | 4.84 | 1916.67 | 2.75 | 2191.67 | 2.07 | 2200.0 | 0.43 | 13.16 | 9.60 | 115.73 | 33.06 | 0.03 | 73.91 | 0 | 26.09 | -93.48 | 0.73 | 0 | 35.11 | -0.11 |
| 2017 (4) | -0.13 | 0 | 52.51 | 6.15 | -0.41 | 0 | 4.02 | -2.58 | 0.16 | 0 | 0.24 | 0 | 0.12 | 0 | 0.09 | 0 | 0.38 | 5.56 | 4.45 | 101.36 | 33.05 | -7.99 | -300.00 | 0 | 400.00 | 0 | 0.00 | 0 | 35.15 | -0.68 |
| 2016 (3) | -0.19 | 0 | 49.47 | -11.31 | -3.57 | 0 | 4.12 | -11.55 | -2.28 | 0 | -2.37 | 0 | -1.16 | 0 | -0.85 | 0 | 0.36 | 12.5 | 2.21 | -73.05 | 35.92 | -3.13 | 160.00 | 0 | -60.00 | 0 | 0.00 | 0 | 35.39 | 5.05 |
| 2015 (2) | 0.47 | -47.19 | 55.78 | -2.62 | -0.26 | 0 | 4.66 | -3.02 | 3.23 | -33.54 | 2.02 | -53.24 | 0.89 | -52.41 | 0.65 | -52.55 | 0.32 | 0.0 | 8.20 | -17.51 | 37.08 | 4.75 | -10.00 | 0 | 110.00 | -10.81 | 0.00 | 0 | 33.69 | -1.4 |
| 2014 (1) | 0.89 | -16.82 | 57.28 | 0 | -1.00 | 0 | 4.81 | -4.67 | 4.86 | 0 | 4.32 | 0 | 1.87 | 0 | 1.37 | 0 | 0.32 | -8.57 | 9.94 | 25.35 | 35.40 | -3.96 | -20.00 | 0 | 123.33 | 79.39 | 0.00 | 0 | 34.17 | -3.77 |
