- 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) | 0.20 | 11.11 | 500.0 | 24.01 | 9.68 | 256.76 | 6.67 | 85.79 | 188.7 | 5.93 | -2.47 | 418.82 | 5.93 | -2.47 | 418.82 | 1.29 | 5.74 | 516.13 | 0.97 | 7.78 | 706.25 | 0.16 | 14.29 | 45.45 | 10.67 | -4.13 | 171.5 | 36.63 | -15.03 | -16.71 | 112.90 | 92.6 | -70.86 | -12.90 | -131.18 | 95.51 | 32.47 | -5.14 | -14.28 |
| 24Q2 (19) | 0.18 | 400.0 | 800.0 | 21.89 | 100.27 | 97.74 | 3.59 | 132.0 | 173.87 | 6.08 | 317.92 | 583.15 | 6.08 | 317.92 | 583.15 | 1.22 | 390.48 | 838.46 | 0.90 | 475.0 | 592.31 | 0.14 | 40.0 | 40.0 | 11.13 | 179.65 | 79.52 | 43.11 | 0.26 | -22.55 | 58.62 | -84.97 | 109.77 | 41.38 | 113.79 | -94.09 | 34.23 | -21.22 | -16.59 |
| 24Q1 (18) | -0.06 | 92.5 | 80.0 | 10.93 | 256.37 | 138.13 | -11.22 | 67.91 | -16.88 | -2.79 | 93.02 | 76.9 | -2.79 | 93.03 | 76.9 | -0.42 | 91.89 | 77.05 | -0.24 | 93.22 | 78.95 | 0.10 | 11.11 | 0.0 | 3.98 | 112.33 | 155.74 | 43.00 | -3.48 | -21.9 | 390.00 | 347.25 | 382.37 | -300.00 | -2443.75 | -1510.0 | 43.45 | -15.52 | 8.11 |
| 23Q4 (17) | -0.80 | -1500.0 | -350.0 | -6.99 | -203.86 | -125.9 | -34.96 | -364.89 | -326.42 | -39.97 | -2048.92 | -495.35 | -40.03 | -2052.15 | -500.3 | -5.18 | -1570.97 | -383.06 | -3.54 | -2112.5 | -387.8 | 0.09 | -18.18 | -25.0 | -32.27 | -921.12 | -336.76 | 44.55 | 1.3 | -19.89 | 87.20 | -77.5 | -43.38 | 12.80 | 104.45 | 123.7 | 51.43 | 35.77 | 70.47 |
| 23Q3 (16) | -0.05 | -350.0 | -103.94 | 6.73 | -39.21 | -77.71 | -7.52 | -54.73 | -142.53 | -1.86 | -308.99 | -105.14 | -1.86 | -308.99 | -105.14 | -0.31 | -338.46 | -104.13 | -0.16 | -223.08 | -103.34 | 0.11 | 10.0 | -15.38 | 3.93 | -36.61 | -89.98 | 43.98 | -20.98 | -16.8 | 387.50 | 164.58 | 690.82 | -287.50 | -141.07 | -663.73 | 37.88 | -7.7 | 19.61 |
| 23Q2 (15) | 0.02 | 106.67 | -98.15 | 11.07 | 141.18 | -62.56 | -4.86 | 49.38 | -127.15 | 0.89 | 107.37 | -96.99 | 0.89 | 107.37 | -96.99 | 0.13 | 107.1 | -98.1 | 0.13 | 111.4 | -96.9 | 0.10 | 0.0 | -28.57 | 6.20 | 186.83 | -80.83 | 55.66 | 1.09 | -12.39 | -600.00 | -842.11 | -1090.29 | 700.00 | 3190.0 | 1676.12 | 41.04 | 2.11 | 34.07 |
| 23Q1 (14) | -0.30 | -193.75 | -135.29 | 4.59 | -82.99 | -83.53 | -9.60 | -162.18 | -162.46 | -12.08 | -219.49 | -147.19 | -12.08 | -220.8 | -147.19 | -1.83 | -200.0 | -132.22 | -1.14 | -192.68 | -133.14 | 0.10 | -16.67 | -23.08 | -7.14 | -152.38 | -124.99 | 55.06 | -0.99 | -17.02 | 80.85 | -47.5 | 33.75 | 21.28 | 139.4 | -47.2 | 40.19 | 33.21 | 21.05 |
| 22Q4 (13) | 0.32 | -74.8 | -39.62 | 26.99 | -10.6 | -7.31 | 15.44 | -12.67 | -13.5 | 10.11 | -72.06 | -36.09 | 10.00 | -72.36 | -36.79 | 1.83 | -75.63 | -49.73 | 1.23 | -74.32 | -45.09 | 0.12 | -7.69 | -14.29 | 13.63 | -65.27 | -26.28 | 55.61 | 5.2 | -17.48 | 154.00 | 214.29 | 36.17 | -54.00 | -205.88 | -312.36 | 30.17 | -4.74 | 1.51 |
| 22Q3 (12) | 1.27 | 17.59 | 108.2 | 30.19 | 2.1 | 2.24 | 17.68 | -1.23 | -3.86 | 36.18 | 22.35 | 101.0 | 36.18 | 22.35 | 101.0 | 7.51 | 9.64 | 77.12 | 4.79 | 14.05 | 68.07 | 0.13 | -7.14 | -18.75 | 39.24 | 21.3 | 91.51 | 52.86 | -16.8 | -18.0 | 49.00 | -19.13 | -52.0 | 51.00 | 29.4 | 2548.0 | 31.67 | 3.46 | 6.67 |
| 22Q2 (11) | 1.08 | 27.06 | 620.0 | 29.57 | 6.1 | 25.62 | 17.90 | 16.46 | 44.01 | 29.57 | 15.51 | 477.54 | 29.57 | 15.51 | 477.54 | 6.85 | 20.6 | 528.44 | 4.20 | 22.09 | 394.12 | 0.14 | 7.69 | -12.5 | 32.35 | 13.23 | 317.96 | 63.53 | -4.25 | 65.31 | 60.59 | 0.23 | -75.35 | 39.41 | -2.2 | 127.03 | 30.61 | -7.8 | -2.05 |
| 22Q1 (10) | 0.85 | 60.38 | 203.57 | 27.87 | -4.29 | 74.62 | 15.37 | -13.89 | 592.34 | 25.60 | 61.82 | 139.93 | 25.60 | 61.82 | 139.93 | 5.68 | 56.04 | 185.43 | 3.44 | 53.57 | 126.32 | 0.13 | -7.14 | -7.14 | 28.57 | 54.52 | 109.61 | 66.35 | -1.54 | 85.08 | 60.45 | -46.55 | 195.52 | 40.30 | 407.73 | -49.34 | 33.20 | 11.71 | -12.61 |
| 21Q4 (9) | 0.53 | -13.11 | -47.52 | 29.12 | -1.39 | 51.27 | 17.85 | -2.94 | 130.32 | 15.82 | -12.11 | -55.54 | 15.82 | -12.11 | -55.54 | 3.64 | -14.15 | -51.34 | 2.24 | -21.4 | -59.12 | 0.14 | -12.5 | -6.67 | 18.49 | -9.76 | -52.04 | 67.39 | 4.55 | 86.99 | 113.10 | 10.79 | 422.23 | -13.10 | -528.57 | -116.72 | 29.72 | 0.1 | -8.75 |
| 21Q3 (8) | 0.61 | 306.67 | -69.5 | 29.53 | 25.45 | 15.13 | 18.39 | 47.95 | 19.57 | 18.00 | 251.56 | -71.63 | 18.00 | 251.56 | -71.63 | 4.24 | 288.99 | -74.61 | 2.85 | 235.29 | -75.3 | 0.16 | 0.0 | -11.11 | 20.49 | 164.73 | -68.92 | 64.46 | 67.73 | 60.63 | 102.08 | -58.47 | 323.31 | -2.08 | 98.57 | -102.76 | 29.69 | -4.99 | 0.1 |
| 21Q2 (7) | 0.15 | -46.43 | 116.48 | 23.54 | 47.49 | -16.23 | 12.43 | 459.91 | -33.88 | 5.12 | -52.01 | 118.74 | 5.12 | -52.01 | 118.74 | 1.09 | -45.23 | 113.59 | 0.85 | -44.08 | 115.8 | 0.16 | 14.29 | -20.0 | 7.74 | -43.21 | 130.84 | 38.43 | 7.2 | -25.91 | 245.83 | 1101.85 | 457.35 | -145.83 | -283.33 | -186.04 | 31.25 | -17.74 | 0 |
| 21Q1 (6) | 0.28 | -72.28 | 140.58 | 15.96 | -17.09 | 1.27 | 2.22 | -71.35 | -22.65 | 10.67 | -70.01 | 139.71 | 10.67 | -70.01 | 139.71 | 1.99 | -73.4 | 135.22 | 1.52 | -72.26 | 138.78 | 0.14 | -6.67 | -6.67 | 13.63 | -64.64 | 157.56 | 35.85 | -0.53 | -16.39 | 20.45 | -5.55 | 298.97 | 79.55 | 1.53 | -27.87 | 37.99 | 16.64 | 0 |
| 20Q4 (5) | 1.01 | -49.5 | 213.48 | 19.25 | -24.95 | 15.75 | 7.75 | -49.61 | 129.97 | 35.58 | -43.92 | 198.45 | 35.58 | -43.92 | 201.4 | 7.48 | -55.21 | 208.88 | 5.48 | -52.51 | 213.22 | 0.15 | -16.67 | 7.14 | 38.55 | -41.52 | 216.25 | 36.04 | -10.19 | -10.97 | 21.66 | -10.2 | 336.55 | 78.34 | 3.68 | -28.23 | 32.57 | 9.81 | 0 |
| 20Q3 (4) | 2.00 | 319.78 | 0.0 | 25.65 | -8.72 | 0.0 | 15.38 | -18.19 | 0.0 | 63.45 | 332.25 | 0.0 | 63.45 | 332.25 | 0.0 | 16.70 | 308.23 | 0.0 | 11.54 | 314.5 | 0.0 | 0.18 | -10.0 | 0.0 | 65.92 | 362.63 | 0.0 | 40.13 | -22.63 | 0.0 | 24.12 | 135.05 | 0.0 | 75.56 | -55.42 | 0.0 | 29.66 | 0 | 0.0 |
| 20Q2 (3) | -0.91 | -31.88 | 0.0 | 28.10 | 78.3 | 0.0 | 18.80 | 555.05 | 0.0 | -27.32 | -1.67 | 0.0 | -27.32 | -1.67 | 0.0 | -8.02 | -41.95 | 0.0 | -5.38 | -37.24 | 0.0 | 0.20 | 33.33 | 0.0 | -25.10 | -6.0 | 0.0 | 51.87 | 20.97 | 0.0 | -68.79 | -569.18 | 0.0 | 169.50 | 53.7 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.69 | 22.47 | 0.0 | 15.76 | -5.23 | 0.0 | 2.87 | -14.84 | 0.0 | -26.87 | 25.65 | 0.0 | -26.87 | 23.43 | 0.0 | -5.65 | 17.76 | 0.0 | -3.92 | 19.01 | 0.0 | 0.15 | 7.14 | 0.0 | -23.68 | 28.59 | 0.0 | 42.88 | 5.93 | 0.0 | -10.28 | -12.29 | 0.0 | 110.28 | 1.03 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.89 | 0.0 | 0.0 | 16.63 | 0.0 | 0.0 | 3.37 | 0.0 | 0.0 | -36.14 | 0.0 | 0.0 | -35.09 | 0.0 | 0.0 | -6.87 | 0.0 | 0.0 | -4.84 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -33.16 | 0.0 | 0.0 | 40.48 | 0.0 | 0.0 | -9.15 | 0.0 | 0.0 | 109.15 | 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) | -1.12 | 0 | 4.36 | -84.82 | -13.19 | 0 | 5.26 | 102.12 | -11.90 | 0 | -11.91 | 0 | -6.99 | 0 | -4.48 | 0 | 0.39 | -26.42 | -6.07 | 0 | 44.55 | -19.89 | 110.73 | 71.67 | -10.73 | 0 | 0.03 | 0 | 42.14 | 34.16 |
| 2022 (9) | 3.53 | 123.42 | 28.72 | 14.47 | 16.65 | 24.44 | 2.60 | 23.89 | 25.79 | 102.91 | 25.76 | 102.68 | 22.06 | 100.73 | 13.86 | 87.04 | 0.53 | -7.02 | 28.76 | 87.12 | 55.61 | -17.48 | 64.50 | -38.71 | 35.50 | 0 | 0.00 | 0 | 31.41 | -1.32 |
| 2021 (8) | 1.58 | 11.27 | 25.09 | 10.63 | 13.38 | 13.1 | 2.10 | 4.79 | 12.71 | 6.9 | 12.71 | 6.9 | 10.99 | 3.39 | 7.41 | -6.68 | 0.57 | -12.31 | 15.37 | 5.49 | 67.39 | 86.99 | 105.24 | 6.21 | -5.24 | 0 | 0.03 | -74.75 | 31.83 | 2.71 |
| 2020 (7) | 1.42 | 0 | 22.68 | 187.82 | 11.83 | 0 | 2.00 | -28.37 | 11.89 | 0 | 11.89 | 0 | 10.63 | 0 | 7.94 | 0 | 0.65 | 54.76 | 14.57 | 0 | 36.04 | -10.97 | 99.09 | 260.91 | 0.45 | -99.37 | 0.10 | -30.59 | 30.99 | -25.68 |
| 2019 (6) | -2.56 | 0 | 7.88 | -58.89 | -8.06 | 0 | 2.80 | 72.84 | -29.24 | 0 | -29.24 | 0 | -18.52 | 0 | -11.96 | 0 | 0.42 | -27.59 | -25.11 | 0 | 40.48 | -30.65 | 27.46 | -59.47 | 72.29 | 127.9 | 0.15 | 7.89 | 41.70 | 20.97 |
| 2018 (5) | 1.54 | 0 | 19.17 | 13.7 | 6.81 | 76.42 | 1.62 | -66.04 | 10.01 | 0 | 9.91 | 0 | 10.12 | 0 | 6.29 | 0 | 0.58 | -12.12 | 12.84 | 233.51 | 58.37 | -44.85 | 67.74 | 0 | 31.72 | -88.47 | 0.14 | 0 | 34.47 | 2.5 |
| 2017 (4) | -0.32 | 0 | 16.86 | 0.48 | 3.86 | 8.73 | 4.77 | -44.62 | -2.20 | 0 | -2.19 | 0 | -3.41 | 0 | -0.72 | 0 | 0.66 | 10.0 | 3.85 | 7.54 | 105.84 | -40.5 | -175.00 | 0 | 275.00 | 80.3 | 0.00 | 0 | 33.63 | 7.1 |
| 2016 (3) | -0.33 | 0 | 16.78 | 0 | 3.55 | 0 | 8.61 | -36.45 | -6.82 | 0 | -8.96 | 0 | -14.63 | 0 | -4.49 | 0 | 0.60 | 39.53 | 3.58 | 0 | 177.87 | 5.46 | -52.53 | 0 | 152.53 | 239.06 | 0.00 | 0 | 31.40 | -16.38 |
| 2015 (2) | -2.65 | 0 | -21.37 | 0 | -37.92 | 0 | 13.55 | -31.55 | -68.97 | 0 | -69.40 | 0 | -67.16 | 0 | -29.10 | 0 | 0.43 | 19.44 | -53.42 | 0 | 168.66 | 61.94 | 55.02 | -72.36 | 44.98 | 0 | 0.00 | 0 | 37.55 | 1.0 |
| 2014 (1) | -1.09 | 0 | -31.96 | 0 | -49.43 | 0 | 19.79 | -11.9 | -24.83 | 0 | -25.44 | 0 | -17.93 | 0 | -8.61 | 0 | 0.36 | 16.13 | -2.98 | 0 | 104.15 | 20.6 | 199.02 | 117.9 | -99.02 | 0 | 0.00 | 0 | 37.18 | 7.36 |
