- 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) | 0.35 | 16.67 | 45.83 | 6.64 | 0.76 | 2.15 | 3.14 | 9.41 | 26.61 | 2.26 | -11.72 | 62.59 | 1.64 | -2.38 | 43.86 | 2.10 | 10.53 | 42.86 | 0.88 | 8.64 | 11.39 | 0.38 | 8.57 | 15.15 | 4.63 | -11.98 | -7.03 | 249.10 | 11.25 | -13.45 | 139.40 | 24.6 | -22.07 | -39.31 | -233.62 | 50.16 | 7.66 | -2.54 | -7.38 |
| 24Q2 (19) | 0.30 | 0.0 | 233.33 | 6.59 | 0.0 | 2.49 | 2.87 | -1.03 | 60.34 | 2.56 | 28.64 | 260.56 | 1.68 | -6.67 | 309.76 | 1.90 | 11.76 | 245.45 | 0.81 | -2.41 | 35.0 | 0.35 | 20.69 | 6.06 | 5.26 | -6.24 | 16.89 | 223.92 | 1.38 | -22.37 | 111.88 | -23.19 | -55.63 | -11.78 | 74.28 | 92.27 | 7.86 | -9.55 | -8.07 |
| 24Q1 (18) | 0.30 | 2900.0 | 76.47 | 6.59 | 35.88 | -4.08 | 2.90 | 126.56 | 45.73 | 1.99 | 2587.5 | 111.7 | 1.80 | 1385.71 | 160.87 | 1.70 | 1100.0 | 75.26 | 0.83 | 137.14 | 29.69 | 0.29 | -17.14 | -9.38 | 5.61 | 72.09 | 22.49 | 220.87 | -7.08 | -32.72 | 145.65 | 109.05 | -31.37 | -45.80 | -102.68 | 59.29 | 8.69 | 17.59 | -5.13 |
| 23Q4 (17) | 0.01 | -95.83 | 200.0 | 4.85 | -25.38 | -19.03 | 1.28 | -48.39 | -46.89 | -0.08 | -105.76 | -200.0 | -0.14 | -112.28 | 0.0 | -0.17 | -111.56 | 26.09 | 0.35 | -55.7 | 6.06 | 0.35 | 6.06 | -5.41 | 3.26 | -34.54 | 6.54 | 237.71 | -17.41 | -31.04 | -1609.09 | -999.58 | -150.54 | 1706.06 | 2263.11 | 155.37 | 7.39 | -10.64 | 22.96 |
| 23Q3 (16) | 0.24 | 166.67 | -20.0 | 6.50 | 1.09 | 6.73 | 2.48 | 38.55 | 45.03 | 1.39 | 95.77 | 4.51 | 1.14 | 178.05 | 23.91 | 1.47 | 167.27 | -12.5 | 0.79 | 31.67 | 25.4 | 0.33 | 0.0 | -15.38 | 4.98 | 10.67 | 31.4 | 287.82 | -0.22 | -23.95 | 178.87 | -29.06 | 39.17 | -78.87 | 48.28 | -175.04 | 8.27 | -3.27 | 11.16 |
| 23Q2 (15) | 0.09 | -47.06 | -47.06 | 6.43 | -6.4 | 3.38 | 1.79 | -10.05 | 13.29 | 0.71 | -24.47 | -11.25 | 0.41 | -40.58 | 17.14 | 0.55 | -43.3 | 3.77 | 0.60 | -6.25 | 87.5 | 0.33 | 3.13 | -2.94 | 4.50 | -1.75 | 25.7 | 288.45 | -12.14 | -18.55 | 252.14 | 18.81 | 28.38 | -152.50 | -35.56 | -58.2 | 8.55 | -6.66 | -4.47 |
| 23Q1 (14) | 0.17 | 1800.0 | -26.09 | 6.87 | 14.69 | 31.11 | 1.99 | -17.43 | 563.33 | 0.94 | 1075.0 | -35.62 | 0.69 | 592.86 | -31.68 | 0.97 | 521.74 | -35.76 | 0.64 | 93.94 | 28.0 | 0.32 | -13.51 | -8.57 | 4.58 | 49.67 | 18.04 | 328.30 | -4.76 | -2.68 | 212.23 | -93.33 | 917.65 | -112.50 | 96.35 | -242.14 | 9.16 | 52.41 | -3.58 |
| 22Q4 (13) | -0.01 | -103.33 | 91.67 | 5.99 | -1.64 | 31.07 | 2.41 | 40.94 | 853.12 | 0.08 | -93.98 | 172.73 | -0.14 | -115.22 | 85.11 | -0.23 | -113.69 | 83.33 | 0.33 | -47.62 | 283.33 | 0.37 | -5.13 | 2.78 | 3.06 | -19.26 | 30.77 | 344.72 | -8.91 | 8.21 | 3183.78 | 2377.09 | 1022.15 | -3081.08 | -10644.28 | -1577.04 | 6.01 | -19.22 | -35.65 |
| 22Q3 (12) | 0.30 | 76.47 | 650.0 | 6.09 | -2.09 | -17.81 | 1.71 | 8.23 | 4.27 | 1.33 | 66.25 | 22.02 | 0.92 | 162.86 | 13.58 | 1.68 | 216.98 | 54.13 | 0.63 | 96.88 | 70.27 | 0.39 | 14.71 | 14.71 | 3.79 | 5.87 | 7.06 | 378.45 | 6.86 | 21.6 | 128.53 | -34.56 | -14.61 | -28.68 | 70.25 | 42.94 | 7.44 | -16.87 | -24.92 |
| 22Q2 (11) | 0.17 | -26.09 | 466.67 | 6.22 | 18.7 | -8.53 | 1.58 | 426.67 | 125.71 | 0.80 | -45.21 | 29.03 | 0.35 | -65.35 | 9.37 | 0.53 | -64.9 | 32.5 | 0.32 | -36.0 | 18.52 | 0.34 | -2.86 | 9.68 | 3.58 | -7.73 | -4.79 | 354.14 | 4.98 | 21.85 | 196.40 | 841.74 | 73.4 | -96.40 | -221.8 | -626.68 | 8.95 | -5.79 | -18.19 |
| 22Q1 (10) | 0.23 | 291.67 | 283.33 | 5.24 | 14.66 | -25.78 | 0.30 | 193.75 | -81.48 | 1.46 | 1427.27 | 35.19 | 1.01 | 207.45 | 80.36 | 1.51 | 209.42 | 96.1 | 0.50 | 377.78 | 38.89 | 0.35 | -2.78 | 6.06 | 3.88 | 65.81 | -3.96 | 337.35 | 5.89 | 4.4 | 20.85 | -92.65 | -86.05 | 79.15 | 143.08 | 260.9 | 9.50 | 1.71 | -9.52 |
| 21Q4 (9) | -0.12 | -400.0 | 47.83 | 4.57 | -38.33 | -17.21 | -0.32 | -119.51 | -134.41 | -0.11 | -110.09 | 68.57 | -0.94 | -216.05 | 6.0 | -1.38 | -226.61 | 8.0 | -0.18 | -148.65 | 0.0 | 0.36 | 5.88 | -2.7 | 2.34 | -33.9 | -10.34 | 318.58 | 2.36 | 7.16 | 283.72 | 88.5 | 205.38 | -183.72 | -265.55 | -149.76 | 9.34 | -5.75 | 2.64 |
| 21Q3 (8) | 0.04 | 33.33 | -63.64 | 7.41 | 8.97 | 15.06 | 1.64 | 134.29 | 53.27 | 1.09 | 75.81 | 0.93 | 0.81 | 153.13 | -6.9 | 1.09 | 172.5 | -12.1 | 0.37 | 37.04 | -26.0 | 0.34 | 9.68 | -5.56 | 3.54 | -5.85 | -12.81 | 311.23 | 7.08 | 0.84 | 150.52 | 32.89 | 52.55 | -50.26 | -278.88 | -3879.48 | 9.91 | -9.41 | 11.47 |
| 21Q2 (7) | 0.03 | -50.0 | -83.33 | 6.80 | -3.68 | 2.87 | 0.70 | -56.79 | 40.0 | 0.62 | -42.59 | -41.51 | 0.32 | -42.86 | -61.9 | 0.40 | -48.05 | -58.33 | 0.27 | -25.0 | -42.55 | 0.31 | -6.06 | 3.33 | 3.76 | -6.93 | -26.85 | 290.64 | -10.06 | 0.15 | 113.27 | -24.22 | 141.3 | -13.27 | 73.03 | -125.0 | 10.94 | 4.19 | 0 |
| 21Q1 (6) | 0.06 | 126.09 | 100.0 | 7.06 | 27.9 | 20.07 | 1.62 | 74.19 | 460.0 | 1.08 | 408.57 | 103.77 | 0.56 | 156.0 | 107.41 | 0.77 | 151.33 | 156.67 | 0.36 | 300.0 | 9.09 | 0.33 | -10.81 | 10.0 | 4.04 | 54.79 | -11.6 | 323.14 | 8.7 | 14.88 | 149.46 | 155.51 | 274.17 | -49.19 | -113.32 | -126.38 | 10.50 | 15.38 | 0 |
| 20Q4 (5) | -0.23 | -309.09 | -76.92 | 5.52 | -14.29 | -1.78 | 0.93 | -13.08 | 504.35 | -0.35 | -132.41 | 59.77 | -1.00 | -214.94 | -12.36 | -1.50 | -220.97 | -26.05 | -0.18 | -136.0 | 0 | 0.37 | 2.78 | 5.71 | 2.61 | -35.71 | -7.45 | 297.29 | -3.68 | 8.03 | -269.23 | -372.86 | -1091.56 | 369.23 | 27666.15 | 406.85 | 9.10 | 2.36 | 0 |
| 20Q3 (4) | 0.11 | -38.89 | 0.0 | 6.44 | -2.57 | 0.0 | 1.07 | 114.0 | 0.0 | 1.08 | 1.89 | 0.0 | 0.87 | 3.57 | 0.0 | 1.24 | 29.17 | 0.0 | 0.50 | 6.38 | 0.0 | 0.36 | 20.0 | 0.0 | 4.06 | -21.01 | 0.0 | 308.64 | 6.35 | 0.0 | 98.67 | 110.21 | 0.0 | 1.33 | -97.49 | 0.0 | 8.89 | 0 | 0.0 |
| 20Q2 (3) | 0.18 | 500.0 | 0.0 | 6.61 | 12.41 | 0.0 | 0.50 | 211.11 | 0.0 | 1.06 | 100.0 | 0.0 | 0.84 | 211.11 | 0.0 | 0.96 | 220.0 | 0.0 | 0.47 | 42.42 | 0.0 | 0.30 | 0.0 | 0.0 | 5.14 | 12.47 | 0.0 | 290.21 | 3.17 | 0.0 | 46.94 | 154.7 | 0.0 | 53.06 | -71.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.03 | 123.08 | 0.0 | 5.88 | 4.63 | 0.0 | -0.45 | -95.65 | 0.0 | 0.53 | 160.92 | 0.0 | 0.27 | 130.34 | 0.0 | 0.30 | 125.21 | 0.0 | 0.33 | 0 | 0.0 | 0.30 | -14.29 | 0.0 | 4.57 | 62.06 | 0.0 | 281.29 | 2.22 | 0.0 | -85.81 | -416.03 | 0.0 | 186.49 | 156.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.13 | 0.0 | 0.0 | 5.62 | 0.0 | 0.0 | -0.23 | 0.0 | 0.0 | -0.87 | 0.0 | 0.0 | -0.89 | 0.0 | 0.0 | -1.19 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 2.82 | 0.0 | 0.0 | 275.19 | 0.0 | 0.0 | 27.15 | 0.0 | 0.0 | 72.85 | 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) | 0.51 | -26.09 | 6.15 | 4.24 | 1.88 | 20.51 | 1.92 | 11.77 | 0.73 | -18.89 | 0.52 | -1.89 | 2.64 | -25.0 | 2.36 | 23.56 | 1.32 | -14.84 | 4.32 | 21.01 | 237.71 | -31.04 | 257.73 | 48.92 | -157.73 | 0 | 0.18 | 9.61 | 8.33 | 5.98 |
| 2022 (9) | 0.69 | 6800.0 | 5.90 | -7.96 | 1.56 | 77.27 | 1.72 | -18.29 | 0.90 | 38.46 | 0.53 | 231.25 | 3.52 | 304.6 | 1.91 | 135.8 | 1.55 | 14.81 | 3.57 | 5.62 | 344.72 | 8.21 | 173.07 | 27.73 | -73.01 | 0 | 0.16 | -77.81 | 7.86 | -22.41 |
| 2021 (8) | 0.01 | -90.91 | 6.41 | 3.22 | 0.88 | 54.39 | 2.10 | -17.55 | 0.65 | 20.37 | 0.16 | -15.79 | 0.87 | -8.42 | 0.81 | -25.69 | 1.35 | 3.05 | 3.38 | -15.08 | 318.58 | 7.16 | 135.49 | 27.35 | -35.60 | 0 | 0.74 | -23.78 | 10.13 | 3.26 |
| 2020 (7) | 0.11 | -67.65 | 6.21 | -2.05 | 0.57 | -38.04 | 2.55 | 2.33 | 0.54 | -6.9 | 0.19 | -42.42 | 0.95 | -45.71 | 1.09 | -33.54 | 1.31 | -7.09 | 3.98 | -5.01 | 297.29 | 8.19 | 106.40 | -32.98 | -6.40 | 0 | 0.97 | 45.02 | 9.81 | 14.74 |
| 2019 (6) | 0.34 | -17.07 | 6.34 | -1.55 | 0.92 | -31.34 | 2.49 | 8.39 | 0.58 | -49.12 | 0.33 | -55.41 | 1.75 | -51.79 | 1.64 | -18.81 | 1.41 | 0.0 | 4.19 | -4.34 | 274.79 | 0.59 | 158.74 | 35.29 | -58.74 | 0 | 0.67 | 50.78 | 8.55 | 9.62 |
| 2018 (5) | 0.41 | 46.43 | 6.44 | 3.21 | 1.34 | 30.1 | 2.30 | -1.77 | 1.14 | 48.05 | 0.74 | 27.59 | 3.63 | 44.62 | 2.02 | 31.17 | 1.41 | 2.17 | 4.38 | 14.06 | 273.17 | 23.21 | 117.34 | -12.05 | -17.27 | 0 | 0.44 | 9.94 | 7.80 | -4.76 |
| 2017 (4) | 0.28 | -67.82 | 6.24 | 0.16 | 1.03 | 11.96 | 2.34 | 0.11 | 0.77 | -59.69 | 0.58 | -58.57 | 2.51 | -67.74 | 1.54 | -57.58 | 1.38 | -29.59 | 3.84 | -20.33 | 221.71 | 5.7 | 133.41 | 176.68 | -33.41 | 0 | 0.40 | 0 | 8.19 | -2.62 |
| 2016 (3) | 0.87 | -14.71 | 6.23 | -12.25 | 0.92 | -36.11 | 2.34 | 33.66 | 1.91 | -55.89 | 1.40 | -57.45 | 7.78 | -0.89 | 3.63 | 11.35 | 1.96 | 125.29 | 4.82 | -28.49 | 209.76 | 48.41 | 48.22 | 44.89 | 51.74 | -22.39 | 0.00 | 0 | 8.41 | -13.48 |
| 2015 (2) | 1.02 | -40.7 | 7.10 | 19.73 | 1.44 | -33.64 | 1.75 | 29.78 | 4.33 | -0.69 | 3.29 | -20.15 | 7.85 | -46.23 | 3.26 | -38.14 | 0.87 | -24.35 | 6.74 | 6.48 | 141.34 | -32.73 | 33.28 | -33.2 | 66.67 | 32.84 | 0.00 | 0 | 9.72 | 30.82 |
| 2014 (1) | 1.72 | 0 | 5.93 | 0 | 2.17 | 0 | 1.35 | -18.54 | 4.36 | 0 | 4.12 | 0 | 14.60 | 0 | 5.27 | 0 | 1.15 | 12.75 | 6.33 | 0 | 210.12 | 2.62 | 49.81 | 0 | 50.19 | -60.24 | 0.00 | 0 | 7.43 | 25.3 |
