- 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) | -0.33 | -335.71 | -134.02 | 20.19 | -12.33 | -13.2 | -2.76 | 29.77 | -246.81 | -5.80 | -191.34 | -127.26 | -5.96 | -261.96 | -133.83 | -0.96 | -295.92 | -130.09 | -0.52 | -252.94 | -125.0 | 0.10 | 25.0 | -16.67 | -3.27 | -135.01 | -113.93 | 64.86 | -3.18 | 28.87 | 47.27 | 175.64 | 429.95 | 52.73 | -67.55 | -42.11 | 18.79 | -20.11 | 7.19 |
| 24Q2 (19) | 0.14 | -33.33 | -92.89 | 23.03 | 4.16 | -0.99 | -3.93 | -32.32 | -177.36 | 6.35 | -28.0 | -79.36 | 3.68 | -26.25 | -87.26 | 0.49 | -30.0 | -92.55 | 0.34 | -29.17 | -91.5 | 0.08 | -11.11 | -42.86 | 9.34 | -20.03 | -71.36 | 66.99 | -0.98 | 8.28 | -62.50 | -90.22 | -478.07 | 162.50 | 22.31 | 94.68 | 23.52 | 4.63 | 52.23 |
| 24Q1 (18) | 0.21 | 450.0 | -4.55 | 22.11 | -6.15 | 2.55 | -2.97 | -151.38 | -2221.43 | 8.82 | 29300.0 | 48.24 | 4.99 | 783.56 | 9.91 | 0.70 | 600.0 | -15.66 | 0.48 | 1060.0 | -11.11 | 0.09 | -25.0 | -18.18 | 11.68 | 495.92 | 40.22 | 67.65 | 16.36 | -3.96 | -32.86 | 0 | -1940.0 | 132.86 | 0 | 35.27 | 22.48 | 56.22 | 17.88 |
| 23Q4 (17) | -0.06 | -106.19 | 0.0 | 23.56 | 1.29 | 6.99 | 5.78 | 207.45 | 24.03 | 0.03 | -99.86 | -82.35 | -0.73 | -104.14 | -1.39 | -0.14 | -104.39 | 17.65 | -0.05 | -102.4 | 16.67 | 0.12 | 0.0 | -14.29 | 1.96 | -91.65 | -7.55 | 58.14 | 15.52 | -0.78 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 14.39 | -17.91 | 0.56 |
| 23Q3 (16) | 0.97 | -50.76 | -12.61 | 23.26 | 0.0 | 5.44 | 1.88 | -62.99 | -45.66 | 21.28 | -30.84 | -11.88 | 17.62 | -39.01 | -1.45 | 3.19 | -51.52 | -16.49 | 2.08 | -48.0 | -14.05 | 0.12 | -14.29 | -7.69 | 23.48 | -28.0 | -11.46 | 50.33 | -18.65 | -20.25 | 8.92 | -46.04 | -38.02 | 91.08 | 9.12 | 6.39 | 17.53 | 13.46 | 10.32 |
| 23Q2 (15) | 1.97 | 795.45 | 95.05 | 23.26 | 7.88 | 10.76 | 5.08 | 3528.57 | -37.52 | 30.77 | 417.14 | 102.7 | 28.89 | 536.34 | 153.64 | 6.58 | 692.77 | 86.4 | 4.00 | 640.74 | 80.18 | 0.14 | 27.27 | -26.32 | 32.61 | 291.48 | 94.57 | 61.87 | -12.17 | 4.0 | 16.53 | 825.75 | -69.15 | 83.47 | -15.01 | 79.84 | 15.45 | -18.98 | 33.19 |
| 23Q1 (14) | 0.22 | 466.67 | -63.93 | 21.56 | -2.09 | 21.4 | 0.14 | -97.0 | -95.48 | 5.95 | 3400.0 | -45.36 | 4.54 | 730.56 | -42.82 | 0.83 | 588.24 | -61.21 | 0.54 | 1000.0 | -60.29 | 0.11 | -21.43 | -35.29 | 8.33 | 292.92 | -34.31 | 70.44 | 20.2 | 9.81 | 1.79 | -99.94 | -93.79 | 98.21 | 103.57 | 37.88 | 19.07 | 33.26 | 44.36 |
| 22Q4 (13) | -0.06 | -105.41 | -112.0 | 22.02 | -0.18 | 11.49 | 4.66 | 34.68 | 189.44 | 0.17 | -99.3 | -98.42 | -0.72 | -104.03 | -107.68 | -0.17 | -104.45 | -108.33 | -0.06 | -102.48 | -104.48 | 0.14 | 7.69 | 0.0 | 2.12 | -92.01 | -84.0 | 58.60 | -7.15 | 0.17 | 2850.00 | 19703.85 | 19347.06 | -2750.00 | -3312.28 | -3355.1 | 14.31 | -9.94 | -7.92 |
| 22Q3 (12) | 1.11 | 9.9 | 1333.33 | 22.06 | 5.05 | 6.78 | 3.46 | -57.44 | 449.21 | 24.15 | 59.09 | 2908.14 | 17.88 | 56.98 | 959.62 | 3.82 | 8.22 | 1079.49 | 2.42 | 9.01 | 1200.0 | 0.13 | -31.58 | 8.33 | 26.52 | 58.23 | 1424.14 | 63.11 | 6.09 | 16.4 | 14.39 | -73.14 | 119.19 | 85.61 | 84.45 | -51.08 | 15.89 | 36.98 | -12.02 |
| 22Q2 (11) | 1.01 | 65.57 | 134.88 | 21.00 | 18.24 | 3.86 | 8.13 | 162.26 | 674.29 | 15.18 | 39.39 | 68.67 | 11.39 | 43.45 | 31.37 | 3.53 | 64.95 | 108.88 | 2.22 | 63.24 | 86.55 | 0.19 | 11.76 | 46.15 | 16.76 | 32.18 | 45.74 | 59.49 | -7.26 | 21.66 | 53.59 | 86.28 | 355.49 | 46.41 | -34.84 | -47.4 | 11.60 | -12.19 | -36.09 |
| 22Q1 (10) | 0.61 | 22.0 | 90.62 | 17.76 | -10.08 | -15.02 | 3.10 | 92.55 | 82.35 | 10.89 | 0.93 | 59.68 | 7.94 | -15.26 | 44.63 | 2.14 | 4.9 | 96.33 | 1.36 | 1.49 | 67.9 | 0.17 | 21.43 | 21.43 | 12.68 | -4.3 | 36.93 | 64.15 | 9.66 | 51.58 | 28.77 | 96.29 | 18.66 | 71.23 | -15.68 | -4.05 | 13.21 | -14.99 | -25.74 |
| 21Q4 (9) | 0.50 | 655.56 | 394.12 | 19.75 | -4.4 | -1.1 | 1.61 | 155.56 | 312.82 | 10.79 | 1354.65 | 1812.7 | 9.37 | 550.48 | 391.9 | 2.04 | 623.08 | 440.0 | 1.34 | 709.09 | 404.55 | 0.14 | 16.67 | 0.0 | 13.25 | 661.49 | 612.37 | 58.50 | 7.89 | 76.58 | 14.66 | 119.54 | 121.98 | 84.48 | -51.72 | -43.68 | 15.54 | -13.95 | -4.49 |
| 21Q3 (8) | -0.09 | -120.93 | -350.0 | 20.66 | 2.18 | 1.97 | 0.63 | -40.0 | -63.37 | -0.86 | -109.56 | -761.54 | -2.08 | -123.99 | -1700.0 | -0.39 | -123.08 | -1400.0 | -0.22 | -118.49 | -1200.0 | 0.12 | -7.69 | -20.0 | 1.74 | -84.87 | -26.58 | 54.22 | 10.88 | 63.71 | -75.00 | -737.5 | -104.41 | 175.00 | 98.33 | 111.67 | 18.06 | -0.5 | 8.86 |
| 21Q2 (7) | 0.43 | 34.37 | 104.76 | 20.22 | -3.25 | -6.35 | 1.05 | -38.24 | -69.3 | 9.00 | 31.96 | 38.46 | 8.67 | 57.92 | 117.84 | 1.69 | 55.05 | 116.67 | 1.19 | 46.91 | 91.94 | 0.13 | -7.14 | -18.75 | 11.50 | 24.19 | 31.73 | 48.90 | 15.55 | 76.34 | 11.76 | -51.47 | -77.54 | 88.24 | 18.85 | 85.29 | 18.15 | 2.02 | 0 |
| 21Q1 (6) | 0.32 | 288.24 | 220.0 | 20.90 | 4.66 | -10.68 | 1.70 | 335.9 | 286.81 | 6.82 | 1182.54 | 79.0 | 5.49 | 271.03 | 85.47 | 1.09 | 281.67 | 172.5 | 0.81 | 284.09 | 145.45 | 0.14 | 0.0 | 27.27 | 9.26 | 397.85 | 40.3 | 42.32 | 27.74 | 77.37 | 24.24 | 136.36 | 205.05 | 74.24 | -50.51 | -39.68 | 17.79 | 9.34 | 0 |
| 20Q4 (5) | -0.17 | -750.0 | -162.96 | 19.97 | -1.43 | -10.85 | 0.39 | -77.33 | -76.22 | -0.63 | -584.62 | -106.08 | -3.21 | -2569.23 | -140.48 | -0.60 | -2100.0 | -142.25 | -0.44 | -2300.0 | -138.6 | 0.14 | -6.67 | 0.0 | 1.86 | -21.52 | -85.0 | 33.13 | 0.03 | 27.23 | -66.67 | -103.92 | -508.89 | 150.00 | 110.0 | 79.22 | 16.27 | -1.93 | -7.4 |
| 20Q3 (4) | -0.02 | -109.52 | 0.0 | 20.26 | -6.16 | 0.0 | 1.72 | -49.71 | 0.0 | 0.13 | -98.0 | 0.0 | 0.13 | -96.73 | 0.0 | 0.03 | -96.15 | 0.0 | 0.02 | -96.77 | 0.0 | 0.15 | -6.25 | 0.0 | 2.37 | -72.85 | 0.0 | 33.12 | 19.44 | 0.0 | 1700.00 | 3145.45 | 0.0 | -1500.00 | -3250.0 | 0.0 | 16.59 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | 110.0 | 0.0 | 21.59 | -7.74 | 0.0 | 3.42 | 475.82 | 0.0 | 6.50 | 70.6 | 0.0 | 3.98 | 34.46 | 0.0 | 0.78 | 95.0 | 0.0 | 0.62 | 87.88 | 0.0 | 0.16 | 45.45 | 0.0 | 8.73 | 32.27 | 0.0 | 27.73 | 16.22 | 0.0 | 52.38 | 326.98 | 0.0 | 47.62 | -61.31 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.10 | -62.96 | 0.0 | 23.40 | 4.46 | 0.0 | -0.91 | -155.49 | 0.0 | 3.81 | -63.26 | 0.0 | 2.96 | -62.67 | 0.0 | 0.40 | -71.83 | 0.0 | 0.33 | -71.05 | 0.0 | 0.11 | -21.43 | 0.0 | 6.60 | -46.77 | 0.0 | 23.86 | -8.37 | 0.0 | -23.08 | -241.54 | 0.0 | 123.08 | 47.05 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.27 | 0.0 | 0.0 | 22.40 | 0.0 | 0.0 | 1.64 | 0.0 | 0.0 | 10.37 | 0.0 | 0.0 | 7.93 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 12.40 | 0.0 | 0.0 | 26.04 | 0.0 | 0.0 | 16.30 | 0.0 | 0.0 | 83.70 | 0.0 | 0.0 | 17.57 | 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) | 3.11 | 16.48 | 22.96 | 11.24 | 3.39 | -32.74 | 1.64 | 10.05 | 15.13 | 21.14 | 13.22 | 45.76 | 10.15 | 9.85 | 6.57 | 9.68 | 0.49 | -23.44 | 17.23 | 19.82 | 58.14 | -0.78 | 22.38 | -44.6 | 77.46 | 29.97 | 0.01 | -68.52 | 16.49 | 21.61 |
| 2022 (9) | 2.67 | 130.17 | 20.64 | 1.38 | 5.04 | 300.0 | 1.49 | -30.21 | 12.49 | 88.39 | 9.07 | 63.42 | 9.24 | 110.0 | 5.99 | 91.37 | 0.64 | 18.52 | 14.38 | 57.5 | 58.60 | 0.17 | 40.40 | 113.52 | 59.60 | -26.14 | 0.04 | 179.94 | 13.56 | -21.71 |
| 2021 (8) | 1.16 | 866.67 | 20.36 | -3.74 | 1.26 | -5.26 | 2.13 | -4.96 | 6.63 | 178.57 | 5.55 | 545.35 | 4.40 | 609.68 | 3.13 | 526.0 | 0.54 | -1.82 | 9.13 | 90.61 | 58.50 | 76.58 | 18.92 | -66.19 | 80.69 | 83.2 | 0.01 | -58.9 | 17.32 | -1.53 |
| 2020 (7) | 0.12 | -93.55 | 21.15 | 2.92 | 1.33 | 49.44 | 2.24 | 21.31 | 2.38 | -79.68 | 0.86 | -91.1 | 0.62 | -91.61 | 0.50 | -91.47 | 0.55 | -8.33 | 4.79 | -65.11 | 33.13 | 27.23 | 55.95 | 640.95 | 44.05 | -52.35 | 0.03 | -35.27 | 17.59 | -0.28 |
| 2019 (6) | 1.86 | 12.73 | 20.55 | 3.95 | 0.89 | -76.7 | 1.85 | 135.21 | 11.71 | 23.52 | 9.66 | 20.45 | 7.39 | 10.79 | 5.86 | 8.92 | 0.60 | -9.09 | 13.73 | 30.02 | 26.04 | -5.41 | 7.55 | -81.3 | 92.45 | 54.36 | 0.05 | 45.16 | 17.64 | 14.84 |
| 2018 (5) | 1.65 | 385.29 | 19.77 | -2.51 | 3.82 | -29.26 | 0.79 | 4.93 | 9.48 | 238.57 | 8.02 | 395.06 | 6.67 | 394.07 | 5.38 | 384.68 | 0.66 | -2.94 | 10.56 | 186.18 | 27.53 | 11.59 | 40.37 | -79.16 | 59.89 | 0 | 0.03 | 0 | 15.36 | 4.7 |
| 2017 (4) | 0.34 | -64.21 | 20.28 | -1.74 | 5.40 | -4.93 | 0.75 | -15.92 | 2.80 | -60.89 | 1.62 | -65.75 | 1.35 | -65.21 | 1.11 | -65.2 | 0.68 | 1.49 | 3.69 | -54.89 | 24.67 | 16.09 | 193.75 | 144.29 | -92.86 | 0 | 0.00 | 0 | 14.67 | -3.3 |
| 2016 (3) | 0.95 | -55.81 | 20.64 | 5.09 | 5.68 | -3.89 | 0.89 | -0.11 | 7.16 | -34.67 | 4.73 | -46.37 | 3.88 | -53.53 | 3.19 | -52.74 | 0.67 | -11.84 | 8.18 | -31.55 | 21.25 | -10.68 | 79.31 | 46.96 | 20.69 | -55.05 | 0.00 | 0 | 15.17 | 5.2 |
| 2015 (2) | 2.15 | 12.57 | 19.64 | -0.86 | 5.91 | -23.25 | 0.89 | 12.14 | 10.96 | 10.15 | 8.82 | 15.9 | 8.35 | -1.42 | 6.75 | -4.26 | 0.76 | -16.48 | 11.95 | 8.83 | 23.79 | -2.5 | 53.97 | -30.3 | 46.03 | 103.97 | 0.00 | 0 | 14.42 | 21.89 |
| 2014 (1) | 1.91 | 306.38 | 19.81 | 0 | 7.70 | 0 | 0.79 | -23.66 | 9.95 | 0 | 7.61 | 0 | 8.47 | 0 | 7.05 | 0 | 0.91 | -14.15 | 10.98 | 145.09 | 24.40 | 18.45 | 77.43 | -18.97 | 22.57 | 480.32 | 0.00 | 0 | 11.83 | 2.69 |
