- 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) | 0.68 | 19.3 | 23.64 | 49.68 | 0.38 | -7.24 | 7.37 | -20.41 | -60.44 | 72.89 | 26.81 | 49.86 | 61.53 | 27.42 | 51.33 | 4.21 | 17.27 | 15.66 | 2.86 | 17.7 | 17.21 | 0.04 | -20.0 | -33.33 | 78.41 | 25.22 | 47.66 | 50.31 | -12.08 | -10.06 | 10.05 | -38.05 | -73.79 | 89.95 | 7.36 | 45.87 | 40.87 | 7.1 | 20.6 |
| 24Q2 (19) | 0.57 | 26.67 | 714.29 | 49.49 | -7.75 | 3.23 | 9.26 | -47.09 | 15.32 | 57.48 | 39.21 | 632.23 | 48.29 | 38.61 | 670.18 | 3.59 | 24.65 | 680.43 | 2.43 | 23.35 | 507.5 | 0.05 | 0.0 | 0.0 | 62.62 | 36.46 | 383.18 | 57.22 | 8.19 | 1.35 | 16.22 | -61.81 | -83.78 | 83.78 | 45.62 | 2110.81 | 38.16 | 18.25 | -7.2 |
| 24Q1 (18) | 0.45 | 4400.0 | 73.08 | 53.65 | 5.78 | 4.01 | 17.50 | 72.41 | -8.04 | 41.29 | 18868.18 | 78.59 | 34.84 | 6600.0 | 81.65 | 2.88 | 7100.0 | 72.46 | 1.97 | 1213.33 | 65.55 | 0.05 | 0.0 | -16.67 | 45.89 | 915.27 | 67.05 | 52.89 | -7.55 | -2.79 | 42.47 | 101.18 | -48.3 | 57.53 | -98.45 | 222.19 | 32.27 | -13.49 | 4.77 |
| 23Q4 (17) | 0.01 | -98.18 | -96.15 | 50.72 | -5.3 | -4.75 | 10.15 | -45.52 | -55.19 | -0.22 | -100.45 | -101.02 | 0.52 | -98.72 | -96.52 | 0.04 | -98.9 | -97.67 | 0.15 | -93.85 | -87.8 | 0.05 | -16.67 | -37.5 | 4.52 | -91.49 | -81.44 | 57.21 | 2.27 | 9.79 | -3600.00 | -9491.3 | -3531.78 | 3700.00 | 5900.0 | 75580.0 | 37.30 | 10.06 | 50.71 |
| 23Q3 (16) | 0.55 | 685.71 | 83.33 | 53.56 | 11.72 | 4.96 | 18.63 | 132.0 | -5.29 | 48.64 | 519.62 | 105.84 | 40.66 | 548.48 | 97.96 | 3.64 | 691.3 | 78.43 | 2.44 | 510.0 | 67.12 | 0.06 | 20.0 | -14.29 | 53.10 | 309.72 | 97.18 | 55.94 | -0.92 | 21.21 | 38.33 | -61.67 | -53.9 | 61.67 | 1580.0 | 266.15 | 33.89 | -17.58 | 17.47 |
| 23Q2 (15) | 0.07 | -73.08 | 75.0 | 47.94 | -7.06 | 2.02 | 8.03 | -57.8 | -29.38 | 7.85 | -66.05 | 126.88 | 6.27 | -67.31 | 80.17 | 0.46 | -72.46 | 58.62 | 0.40 | -66.39 | 53.85 | 0.05 | -16.67 | -16.67 | 12.96 | -52.82 | 82.02 | 56.46 | 3.77 | 14.78 | 100.00 | 21.74 | -68.42 | -4.17 | -123.33 | 98.15 | 41.12 | 33.51 | 16.06 |
| 23Q1 (14) | 0.26 | 0.0 | 44.44 | 51.58 | -3.14 | 23.04 | 19.03 | -15.98 | 1598.43 | 23.12 | 7.04 | 2.71 | 19.18 | 28.38 | -1.94 | 1.67 | -2.91 | 36.89 | 1.19 | -3.25 | 29.35 | 0.06 | -25.0 | 50.0 | 27.47 | 12.77 | 2.19 | 54.41 | 4.41 | 35.01 | 82.14 | -21.7 | 1660.71 | 17.86 | 464.29 | -83.04 | 30.80 | 24.44 | -31.25 |
| 22Q4 (13) | 0.26 | -13.33 | -16.13 | 53.25 | 4.35 | 22.41 | 22.65 | 15.15 | 132.79 | 21.60 | -8.59 | -12.09 | 14.94 | -27.26 | -36.56 | 1.72 | -15.69 | -18.1 | 1.23 | -15.75 | -22.15 | 0.08 | 14.29 | 14.29 | 24.36 | -9.54 | -11.51 | 52.11 | 12.91 | 33.58 | 104.90 | 26.15 | 160.76 | -4.90 | -129.11 | -108.05 | 24.75 | -14.21 | -27.27 |
| 22Q3 (12) | 0.30 | 650.0 | 233.33 | 51.03 | 8.6 | 15.3 | 19.67 | 73.0 | 528.54 | 23.63 | 582.95 | 125.26 | 20.54 | 490.23 | 127.46 | 2.04 | 603.45 | 223.81 | 1.46 | 461.54 | 186.27 | 0.07 | 16.67 | 40.0 | 26.93 | 278.23 | 86.5 | 46.15 | -6.18 | 29.96 | 83.16 | -73.74 | 285.51 | 16.84 | 107.49 | -88.37 | 28.85 | -18.57 | -36.43 |
| 22Q2 (11) | 0.04 | -77.78 | 300.0 | 46.99 | 12.09 | 11.27 | 11.37 | 995.28 | 178.68 | 3.46 | -84.63 | 179.03 | 3.48 | -82.21 | 234.62 | 0.29 | -76.23 | 262.5 | 0.26 | -71.74 | 160.0 | 0.06 | 50.0 | 0.0 | 7.12 | -73.51 | 47.72 | 49.19 | 22.06 | 53.53 | 316.67 | 6116.67 | -2.56 | -225.00 | -313.75 | 0.0 | 35.43 | -20.92 | -11.93 |
| 22Q1 (10) | 0.18 | -41.94 | 50.0 | 41.92 | -3.63 | -7.85 | -1.27 | -113.05 | 63.82 | 22.51 | -8.38 | 40.86 | 19.56 | -16.94 | 41.23 | 1.22 | -41.9 | 43.53 | 0.92 | -41.77 | 33.33 | 0.04 | -42.86 | -20.0 | 26.88 | -2.36 | 31.7 | 40.30 | 3.31 | 33.4 | -5.26 | -113.08 | 77.19 | 105.26 | 72.79 | -14.47 | 44.80 | 31.65 | -5.39 |
| 21Q4 (9) | 0.31 | 244.44 | 933.33 | 43.50 | -1.72 | -8.23 | 9.73 | 311.98 | 293.93 | 24.57 | 134.22 | 462.24 | 23.55 | 160.8 | 819.92 | 2.10 | 233.33 | 1005.26 | 1.58 | 209.8 | 777.78 | 0.07 | 40.0 | 16.67 | 27.53 | 90.65 | 248.48 | 39.01 | 9.86 | 33.92 | 40.23 | 189.74 | -25.29 | 60.92 | -57.94 | 31.99 | 34.03 | -25.01 | -14.39 |
| 21Q3 (8) | 0.09 | 800.0 | 125.0 | 44.26 | 4.81 | -1.38 | -4.59 | -212.5 | -366.86 | 10.49 | 745.97 | 208.53 | 9.03 | 768.27 | 165.59 | 0.63 | 687.5 | 152.0 | 0.51 | 410.0 | 121.74 | 0.05 | -16.67 | -16.67 | 14.44 | 199.59 | 113.61 | 35.51 | 10.83 | 41.31 | -44.83 | -113.79 | -189.66 | 144.83 | 164.37 | 189.66 | 45.38 | 12.8 | 3.51 |
| 21Q2 (7) | 0.01 | -91.67 | -98.36 | 42.23 | -7.17 | -0.78 | 4.08 | 216.24 | 290.65 | 1.24 | -92.24 | -97.77 | 1.04 | -92.49 | -98.13 | 0.08 | -90.59 | -98.11 | 0.10 | -85.51 | -97.01 | 0.06 | 20.0 | 0.0 | 4.82 | -76.38 | -91.82 | 32.04 | 6.06 | 6.94 | 325.00 | 1508.33 | 9200.0 | -225.00 | -282.81 | -317.24 | 40.23 | -15.04 | -8.8 |
| 21Q1 (6) | 0.12 | 300.0 | 113.19 | 45.49 | -4.03 | 18.28 | -3.51 | -242.11 | 76.4 | 15.98 | 265.68 | 115.42 | 13.85 | 441.02 | 113.37 | 0.85 | 347.37 | 113.93 | 0.69 | 283.33 | 114.17 | 0.05 | -16.67 | 0.0 | 20.41 | 158.35 | 120.58 | 30.21 | 3.71 | 20.45 | -23.08 | -142.86 | -260.9 | 123.08 | 166.67 | 43.69 | 47.35 | 19.12 | -8.18 |
| 20Q4 (5) | 0.03 | -25.0 | 0.0 | 47.40 | 5.61 | -1.9 | 2.47 | 43.6 | 225.0 | 4.37 | 28.53 | 213.8 | 2.56 | -24.71 | 8.94 | 0.19 | -24.0 | -9.52 | 0.18 | -21.74 | -10.0 | 0.06 | 0.0 | -14.29 | 7.90 | 16.86 | 1075.31 | 29.13 | 15.92 | 22.14 | 53.85 | 7.69 | 351.28 | 46.15 | -7.69 | -61.99 | 39.75 | -9.33 | 12.7 |
| 20Q3 (4) | 0.04 | -93.44 | 0.0 | 44.88 | 5.45 | 0.0 | 1.72 | 180.37 | 0.0 | 3.40 | -93.88 | 0.0 | 3.40 | -93.89 | 0.0 | 0.25 | -94.09 | 0.0 | 0.23 | -93.11 | 0.0 | 0.06 | 0.0 | 0.0 | 6.76 | -88.53 | 0.0 | 25.13 | -16.12 | 0.0 | 50.00 | 1500.0 | 0.0 | 50.00 | -51.72 | 0.0 | 43.84 | -0.61 | 0.0 |
| 20Q2 (3) | 0.61 | 167.03 | 0.0 | 42.56 | 10.66 | 0.0 | -2.14 | 85.61 | 0.0 | 55.52 | 153.58 | 0.0 | 55.61 | 153.67 | 0.0 | 4.23 | 169.34 | 0.0 | 3.34 | 168.58 | 0.0 | 0.06 | 20.0 | 0.0 | 58.94 | 159.43 | 0.0 | 29.96 | 19.46 | 0.0 | -3.57 | -124.9 | 0.0 | 103.57 | 20.91 | 0.0 | 44.11 | -14.47 | 0.0 |
| 20Q1 (2) | -0.91 | -3133.33 | 0.0 | 38.46 | -20.41 | 0.0 | -14.87 | -2056.58 | 0.0 | -103.62 | -2598.44 | 0.0 | -103.62 | -4509.36 | 0.0 | -6.10 | -3004.76 | 0.0 | -4.87 | -2535.0 | 0.0 | 0.05 | -28.57 | 0.0 | -99.17 | -12143.21 | 0.0 | 25.08 | 5.16 | 0.0 | 14.34 | 166.93 | 0.0 | 85.66 | -29.46 | 0.0 | 51.57 | 46.21 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 48.32 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | -3.84 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -0.81 | 0.0 | 0.0 | 23.85 | 0.0 | 0.0 | -21.43 | 0.0 | 0.0 | 121.43 | 0.0 | 0.0 | 35.27 | 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) | 0.88 | 12.82 | 51.10 | 3.78 | 14.28 | -5.37 | 2.08 | -1.61 | 20.68 | 14.07 | 17.36 | 18.66 | 5.78 | 10.31 | 4.18 | 8.57 | 0.22 | -12.0 | 25.31 | 17.56 | 57.21 | 9.79 | 69.10 | -17.15 | 30.90 | 86.12 | 0.00 | 0 | 35.51 | 11.67 |
| 2022 (9) | 0.78 | 47.17 | 49.24 | 12.55 | 15.09 | 589.04 | 2.12 | -21.27 | 18.13 | 35.1 | 14.63 | 19.14 | 5.24 | 43.17 | 3.85 | 33.68 | 0.25 | 13.64 | 21.53 | 26.13 | 52.11 | 33.58 | 83.40 | 413.21 | 16.60 | -80.17 | 0.02 | 0 | 31.80 | -22.51 |
| 2021 (8) | 0.53 | 0 | 43.75 | 0.51 | 2.19 | 0 | 2.69 | -10.47 | 13.42 | 0 | 12.28 | 0 | 3.66 | 0 | 2.88 | 0 | 0.22 | 0.0 | 17.07 | 0 | 39.01 | 33.92 | 16.25 | -67.5 | 83.75 | 67.5 | 0.00 | 0 | 41.04 | -7.82 |
| 2020 (7) | -0.24 | 0 | 43.53 | -7.44 | -2.67 | 0 | 3.01 | 18.44 | -5.34 | 0 | -5.79 | 0 | -1.60 | 0 | -1.14 | 0 | 0.22 | -18.52 | -1.59 | 0 | 29.13 | 22.14 | 50.00 | 725.0 | 50.00 | -46.77 | 0.02 | -48.77 | 44.52 | 11.86 |
| 2019 (6) | 0.73 | 69.77 | 47.03 | 13.6 | 1.02 | -69.0 | 2.54 | 52.73 | 16.75 | 73.22 | 14.69 | 70.22 | 4.83 | 68.29 | 4.08 | 61.9 | 0.27 | -3.57 | 19.87 | 67.68 | 23.85 | 20.45 | 6.06 | -82.35 | 93.94 | 43.04 | 0.04 | -5.28 | 39.80 | 9.64 |
| 2018 (5) | 0.43 | 2.38 | 41.40 | -7.07 | 3.29 | -57.66 | 1.66 | -3.49 | 9.67 | 20.12 | 8.63 | 20.03 | 2.87 | 3.24 | 2.52 | 3.28 | 0.28 | -17.65 | 11.85 | 18.26 | 19.80 | 30.87 | 34.33 | -64.31 | 65.67 | 1620.6 | 0.04 | 0 | 36.30 | 17.55 |
| 2017 (4) | 0.42 | -60.75 | 44.55 | -6.11 | 7.77 | -39.91 | 1.72 | -11.41 | 8.05 | -53.82 | 7.19 | -52.82 | 2.78 | -60.46 | 2.44 | -60.96 | 0.34 | -17.07 | 10.02 | -49.39 | 15.13 | 0.8 | 96.18 | 29.64 | 3.82 | -85.21 | 0.00 | 0 | 30.88 | 10.25 |
| 2016 (3) | 1.07 | 2.88 | 47.45 | -3.81 | 12.93 | 3.52 | 1.94 | -13.07 | 17.43 | -11.03 | 15.24 | -7.19 | 7.03 | 0.43 | 6.25 | -1.88 | 0.41 | 5.13 | 19.80 | -10.77 | 15.01 | 27.1 | 74.19 | 16.45 | 25.81 | -28.88 | 0.00 | 0 | 28.01 | -8.76 |
| 2015 (2) | 1.04 | 55.22 | 49.33 | 8.27 | 12.49 | 84.22 | 2.24 | -8.44 | 19.59 | 48.86 | 16.42 | 49.95 | 7.00 | 52.17 | 6.37 | 54.61 | 0.39 | 2.63 | 22.19 | 38.26 | 11.81 | 40.93 | 63.71 | 23.07 | 36.29 | -25.45 | 0.00 | 0 | 30.70 | -4.78 |
| 2014 (1) | 0.67 | 294.12 | 45.56 | 0 | 6.78 | 0 | 2.44 | -1.28 | 13.16 | 0 | 10.95 | 0 | 4.60 | 0 | 4.12 | 0 | 0.38 | 0.0 | 16.05 | 57.51 | 8.38 | -43.76 | 51.77 | 88.81 | 48.67 | -32.94 | 0.00 | 0 | 32.24 | -4.3 |
