- 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) | 0.02 | 0 | 122.22 | 48.93 | 0.7 | 6.49 | 7.60 | 74.31 | 1087.01 | 8.96 | 38.91 | 56.64 | 5.70 | -9.24 | 160.27 | 0.92 | -10.68 | 196.77 | 0.76 | -9.52 | 162.07 | 0.12 | 0.0 | 9.09 | 16.40 | 24.24 | 14.21 | 30.66 | -10.9 | 4.36 | 85.00 | 25.32 | 723.33 | 15.00 | -53.38 | -86.8 | 28.55 | 16.25 | -8.2 |
| 24Q2 (19) | 0.00 | -100.0 | 100.0 | 48.59 | -0.76 | 3.05 | 4.36 | 1306.45 | 248.3 | 6.45 | -75.86 | 290.91 | 6.28 | -72.94 | 4930.77 | 1.03 | -64.24 | 5250.0 | 0.84 | -63.16 | 2000.0 | 0.12 | 20.0 | 20.0 | 13.20 | -63.34 | 12.72 | 34.41 | 12.71 | -7.52 | 67.83 | 6004.35 | 137.14 | 32.17 | -67.46 | -88.62 | 24.56 | -29.87 | -24.64 |
| 24Q1 (18) | 0.39 | 186.67 | 343.75 | 48.96 | 16.32 | 3.36 | 0.31 | 104.07 | 104.17 | 26.72 | 326.83 | 996.64 | 23.21 | 256.51 | 666.1 | 2.88 | 253.19 | 785.71 | 2.28 | 264.03 | 914.29 | 0.10 | 0.0 | 25.0 | 36.01 | 1557.89 | 325.65 | 30.53 | 4.45 | 12.7 | 1.11 | -98.29 | -99.55 | 98.89 | 181.05 | 167.17 | 35.02 | 12.14 | -7.62 |
| 23Q4 (17) | -0.45 | -400.0 | -104.55 | 42.09 | -8.4 | 6.34 | -7.62 | -889.61 | 46.26 | -11.78 | -305.94 | -130.53 | -14.83 | -777.17 | -106.83 | -1.88 | -706.45 | -164.79 | -1.39 | -579.31 | -162.26 | 0.10 | -9.09 | 25.0 | -2.47 | -117.2 | -139.02 | 29.23 | -0.51 | 4.39 | 64.81 | 575.31 | -76.57 | 35.19 | -69.04 | 119.92 | 31.23 | 0.42 | -7.6 |
| 23Q3 (16) | -0.09 | 35.71 | -400.0 | 45.95 | -2.55 | 1.64 | -0.77 | 73.81 | 85.69 | 5.72 | 246.67 | -28.14 | 2.19 | 1784.62 | -63.32 | 0.31 | 1650.0 | -57.53 | 0.29 | 625.0 | -48.21 | 0.11 | 10.0 | 22.22 | 14.36 | 22.63 | -15.43 | 29.38 | -21.04 | 8.13 | -13.64 | 92.53 | 79.81 | 113.64 | -59.79 | -32.53 | 31.10 | -4.57 | -9.01 |
| 23Q2 (15) | -0.14 | 12.5 | -75.0 | 47.15 | -0.46 | -9.5 | -2.94 | 60.48 | -122.24 | 1.65 | 155.37 | -83.32 | -0.13 | 96.83 | -102.18 | -0.02 | 95.24 | -102.08 | 0.04 | 114.29 | -94.52 | 0.10 | 25.0 | -16.67 | 11.71 | 38.42 | -27.13 | 37.21 | 37.36 | -14.18 | -182.61 | -173.86 | -236.61 | 282.61 | 291.96 | 939.26 | 32.59 | -14.03 | 17.44 |
| 23Q1 (14) | -0.16 | 27.27 | -125.4 | 47.37 | 19.68 | -13.21 | -7.44 | 47.53 | -158.54 | -2.98 | 41.68 | -109.98 | -4.10 | 42.82 | -115.76 | -0.42 | 40.85 | -109.77 | -0.28 | 47.17 | -108.28 | 0.08 | 0.0 | -38.46 | 8.46 | 33.65 | -76.01 | 27.09 | -3.25 | 5.16 | 247.22 | -10.64 | 479.92 | -147.22 | 16.67 | -355.92 | 37.91 | 12.16 | 22.53 |
| 22Q4 (13) | -0.22 | -833.33 | -134.38 | 39.58 | -12.45 | -26.28 | -14.18 | -163.57 | -263.55 | -5.11 | -164.2 | -117.76 | -7.17 | -220.1 | -127.69 | -0.71 | -197.26 | -116.47 | -0.53 | -194.64 | -115.68 | 0.08 | -11.11 | -38.46 | 6.33 | -62.72 | -81.45 | 28.00 | 3.05 | -7.28 | 276.67 | 509.61 | 818.03 | -176.67 | -204.9 | -352.88 | 33.80 | -1.11 | 33.65 |
| 22Q3 (12) | 0.03 | 137.5 | -94.12 | 45.21 | -13.22 | -16.22 | -5.38 | -140.7 | -137.05 | 7.96 | -19.51 | -69.96 | 5.97 | 0.0 | -73.12 | 0.73 | -23.96 | -82.7 | 0.56 | -23.29 | -83.13 | 0.09 | -25.0 | -40.0 | 16.98 | 5.66 | -45.73 | 27.17 | -37.34 | 4.02 | -67.54 | -150.53 | -223.1 | 168.42 | 600.16 | 273.17 | 34.18 | 23.17 | 15.24 |
| 22Q2 (11) | -0.08 | -112.7 | -116.33 | 52.10 | -4.54 | 1.58 | 13.22 | 4.01 | -12.22 | 9.89 | -66.88 | -60.52 | 5.97 | -77.05 | -71.48 | 0.96 | -77.67 | -77.09 | 0.73 | -78.4 | -77.88 | 0.12 | -7.69 | -25.0 | 16.07 | -54.44 | -46.63 | 43.36 | 68.32 | 46.24 | 133.67 | 213.56 | 122.93 | -33.67 | -158.53 | -184.5 | 27.75 | -10.31 | 6.65 |
| 22Q1 (10) | 0.63 | -1.56 | 70.27 | 54.58 | 1.66 | 9.84 | 12.71 | 46.6 | 77.51 | 29.86 | 3.75 | 32.42 | 26.01 | 0.46 | 39.17 | 4.30 | -0.23 | 37.82 | 3.38 | 0.0 | 35.2 | 0.13 | 0.0 | 0.0 | 35.27 | 3.37 | 21.5 | 25.76 | -14.7 | -0.62 | 42.63 | 41.46 | 33.83 | 57.53 | -17.66 | -15.58 | 30.94 | 22.34 | 7.73 |
| 21Q4 (9) | 0.64 | 25.49 | 100.0 | 53.69 | -0.5 | 14.84 | 8.67 | -40.29 | -19.72 | 28.78 | 8.6 | 56.92 | 25.89 | 16.57 | 67.14 | 4.31 | 2.13 | 45.61 | 3.38 | 1.81 | 42.02 | 0.13 | -13.33 | -13.33 | 34.12 | 9.04 | 41.75 | 30.20 | 15.62 | 16.29 | 30.14 | -45.07 | -48.93 | 69.86 | 54.79 | 69.25 | 25.29 | -14.73 | -2.28 |
| 21Q3 (8) | 0.51 | 4.08 | 41.67 | 53.96 | 5.21 | 19.27 | 14.52 | -3.59 | 10.76 | 26.50 | 5.79 | 43.87 | 22.21 | 6.12 | 41.56 | 4.22 | 0.72 | 27.49 | 3.32 | 0.61 | 25.28 | 0.15 | -6.25 | -11.76 | 31.29 | 3.92 | 32.08 | 26.12 | -11.91 | 2.96 | 54.87 | -8.5 | -22.85 | 45.13 | 13.26 | 56.26 | 29.66 | 13.99 | 27.46 |
| 21Q2 (7) | 0.49 | 32.43 | 512.5 | 51.29 | 3.22 | 14.49 | 15.06 | 110.34 | 129.22 | 25.05 | 11.09 | 131.94 | 20.93 | 11.99 | 164.6 | 4.19 | 34.29 | 222.31 | 3.30 | 32.0 | 202.75 | 0.16 | 23.08 | 23.08 | 30.11 | 3.72 | 76.49 | 29.65 | 14.39 | 11.59 | 59.96 | 88.24 | -1.06 | 39.85 | -41.53 | 1.15 | 26.02 | -9.4 | 0 |
| 21Q1 (6) | 0.37 | 15.62 | 276.19 | 49.69 | 6.29 | 6.04 | 7.16 | -33.7 | 254.98 | 22.55 | 22.96 | 355.96 | 18.69 | 20.66 | 284.32 | 3.12 | 5.41 | 381.08 | 2.50 | 5.04 | 377.78 | 0.13 | -13.33 | 44.44 | 29.03 | 20.61 | 4232.84 | 25.92 | -0.19 | 42.57 | 31.85 | -46.02 | -38.95 | 68.15 | 65.09 | 42.49 | 28.72 | 10.97 | 0 |
| 20Q4 (5) | 0.32 | -11.11 | 0 | 46.75 | 3.34 | 9.41 | 10.80 | -17.62 | 440.0 | 18.34 | -0.43 | 485.94 | 15.49 | -1.27 | 728.34 | 2.96 | -10.57 | 1038.46 | 2.38 | -10.19 | 815.38 | 0.15 | -11.76 | 25.0 | 24.07 | 1.6 | 126.01 | 25.97 | 2.36 | 29.66 | 59.01 | -17.02 | -6.94 | 41.28 | 42.92 | 12.83 | 25.88 | 11.22 | 9.57 |
| 20Q3 (4) | 0.36 | 350.0 | 0.0 | 45.24 | 0.98 | 0.0 | 13.11 | 99.54 | 0.0 | 18.42 | 70.56 | 0.0 | 15.69 | 98.36 | 0.0 | 3.31 | 154.62 | 0.0 | 2.65 | 143.12 | 0.0 | 0.17 | 30.77 | 0.0 | 23.69 | 38.86 | 0.0 | 25.37 | -4.52 | 0.0 | 71.12 | 17.34 | 0.0 | 28.88 | -26.68 | 0.0 | 23.27 | 0 | 0.0 |
| 20Q2 (3) | 0.08 | 138.1 | 0.0 | 44.80 | -4.4 | 0.0 | 6.57 | 242.21 | 0.0 | 10.80 | 222.59 | 0.0 | 7.91 | 178.01 | 0.0 | 1.30 | 217.12 | 0.0 | 1.09 | 221.11 | 0.0 | 0.13 | 44.44 | 0.0 | 17.06 | 2446.27 | 0.0 | 26.57 | 46.15 | 0.0 | 60.61 | 16.16 | 0.0 | 39.39 | -17.63 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.21 | 0 | 0.0 | 46.86 | 9.67 | 0.0 | -4.62 | -331.0 | 0.0 | -8.81 | -381.47 | 0.0 | -10.14 | -642.25 | 0.0 | -1.11 | -526.92 | 0.0 | -0.90 | -446.15 | 0.0 | 0.09 | -25.0 | 0.0 | 0.67 | -93.71 | 0.0 | 18.18 | -9.24 | 0.0 | 52.17 | -17.73 | 0.0 | 47.83 | 30.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 42.73 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | 3.13 | 0.0 | 0.0 | 1.87 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 10.65 | 0.0 | 0.0 | 20.03 | 0.0 | 0.0 | 63.41 | 0.0 | 0.0 | 36.59 | 0.0 | 0.0 | 23.62 | 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) | -0.84 | 0 | 45.60 | -7.35 | -4.47 | 0 | 6.87 | 33.84 | -1.56 | 0 | -4.00 | 0 | -1.96 | 0 | -1.30 | 0 | 0.38 | -11.63 | 8.20 | -60.23 | 29.23 | 4.39 | 287.21 | 779.58 | -187.21 | 0 | 1.43 | -13.98 | 32.99 | 5.77 |
| 2022 (9) | 0.37 | -81.59 | 49.22 | -5.85 | 4.29 | -63.02 | 5.13 | 46.37 | 13.16 | -49.11 | 10.00 | -54.67 | 5.51 | -64.54 | 4.36 | -64.23 | 0.43 | -21.82 | 20.62 | -33.91 | 28.00 | -7.28 | 32.65 | -27.27 | 67.35 | 22.11 | 1.66 | -16.98 | 31.19 | 13.87 |
| 2021 (8) | 2.01 | 265.45 | 52.28 | 14.65 | 11.60 | 44.1 | 3.50 | -25.32 | 25.86 | 111.45 | 22.06 | 128.6 | 15.54 | 145.89 | 12.19 | 132.63 | 0.55 | 3.77 | 31.20 | 67.92 | 30.20 | 16.29 | 44.90 | -31.7 | 55.15 | 60.94 | 2.00 | -23.4 | 27.39 | 0.22 |
| 2020 (7) | 0.55 | 1733.33 | 45.60 | 6.52 | 8.05 | 235.42 | 4.69 | -9.01 | 12.23 | 174.83 | 9.65 | 202.51 | 6.32 | 251.11 | 5.24 | 215.66 | 0.53 | 12.77 | 18.58 | 62.13 | 25.97 | 29.66 | 65.73 | 21.51 | 34.27 | -25.35 | 2.61 | 70.18 | 27.33 | -4.64 |
| 2019 (6) | 0.03 | 200.0 | 42.81 | 7.83 | 2.40 | 0 | 5.16 | 13.06 | 4.45 | 32.05 | 3.19 | 35.74 | 1.80 | 29.5 | 1.66 | 30.71 | 0.47 | -2.08 | 11.46 | 18.27 | 20.03 | -4.02 | 54.10 | 0 | 45.90 | -68.15 | 1.53 | 2.06 | 28.66 | -3.79 |
| 2018 (5) | 0.01 | -98.61 | 39.70 | -0.28 | -1.48 | 0 | 4.56 | 19.05 | 3.37 | -63.96 | 2.35 | -71.06 | 1.39 | -73.11 | 1.27 | -68.87 | 0.48 | 0.0 | 9.69 | -35.49 | 20.87 | -21.69 | -44.12 | 0 | 144.12 | 55.9 | 1.50 | 3.22 | 29.79 | 5.41 |
| 2017 (4) | 0.72 | 260.0 | 39.81 | -6.06 | 0.70 | -77.64 | 3.83 | 8.44 | 9.35 | 92.78 | 8.12 | 124.93 | 5.17 | 107.63 | 4.08 | 101.98 | 0.48 | -4.0 | 15.02 | 43.46 | 26.65 | -27.72 | 7.40 | -88.52 | 92.44 | 160.26 | 1.45 | 0 | 28.26 | 6.32 |
| 2016 (3) | 0.20 | -80.0 | 42.38 | 1.85 | 3.13 | -53.21 | 3.53 | 12.89 | 4.85 | -56.23 | 3.61 | -63.09 | 2.49 | -67.79 | 2.02 | -65.35 | 0.50 | -10.71 | 10.47 | -33.9 | 36.87 | -5.36 | 64.48 | 6.67 | 35.52 | -10.2 | 0.00 | 0 | 26.58 | 4.44 |
| 2015 (2) | 1.00 | 38.89 | 41.61 | -1.19 | 6.69 | -4.7 | 3.13 | -14.14 | 11.08 | -7.59 | 9.78 | 38.92 | 7.73 | -7.2 | 5.83 | -7.61 | 0.56 | 3.7 | 15.84 | -12.15 | 38.96 | 9.19 | 60.45 | 3.19 | 39.55 | -4.51 | 0.00 | 0 | 25.45 | -9.56 |
| 2014 (1) | 0.72 | 700.0 | 42.11 | 0 | 7.02 | 0 | 3.65 | 16.37 | 11.99 | 0 | 7.04 | 0 | 8.33 | 0 | 6.31 | 0 | 0.54 | -8.47 | 18.03 | 127.65 | 35.68 | -3.59 | 58.58 | 0 | 41.42 | -61.8 | 0.00 | 0 | 28.14 | 7.94 |
