- 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) | 0.10 | -16.67 | -9.09 | 52.85 | 60.2 | 58.04 | -30.70 | -809.01 | -378.19 | 60.03 | 162.83 | 94.65 | 59.62 | 197.95 | 120.73 | 0.42 | -10.64 | 2.44 | 0.24 | -7.69 | -4.0 | 0.00 | -100.0 | -100.0 | 86.30 | 195.85 | 123.17 | 110.28 | 8.83 | 36.11 | -50.00 | -375.0 | -130.0 | 150.00 | 87.5 | 23.21 | 41.26 | 213.53 | 121.0 |
| 24Q2 (19) | 0.12 | -20.0 | -14.29 | 32.99 | -10.43 | -30.94 | 4.33 | 150.88 | 101.86 | 22.84 | -37.13 | -92.26 | 20.01 | -44.77 | -91.72 | 0.47 | -17.54 | -11.32 | 0.26 | -18.75 | -21.21 | 0.01 | 0.0 | 0 | 29.17 | -35.18 | -91.77 | 101.33 | 14.89 | 32.11 | 18.18 | 175.32 | 123.27 | 80.00 | -35.56 | -55.09 | 13.16 | -33.84 | -89.77 |
| 24Q1 (18) | 0.15 | -53.12 | -34.78 | 36.83 | -21.02 | 6.72 | -8.51 | -145.39 | -255.29 | 36.33 | -18.4 | 6.73 | 36.23 | -11.91 | 7.92 | 0.57 | -53.66 | -37.36 | 0.32 | -53.62 | -41.82 | 0.01 | -50.0 | -50.0 | 45.00 | -7.86 | 14.91 | 88.20 | 7.88 | 18.76 | -24.14 | -157.76 | -255.17 | 124.14 | 113.26 | 48.97 | 19.89 | 93.67 | 66.17 |
| 23Q4 (17) | 0.32 | 190.91 | 277.78 | 46.63 | 39.44 | 146.2 | 18.75 | 392.06 | 147.42 | 44.52 | 44.36 | 419.83 | 41.13 | 52.28 | 320.42 | 1.23 | 200.0 | 268.49 | 0.69 | 176.0 | 276.92 | 0.02 | 100.0 | 0.0 | 48.84 | 26.3 | 596.34 | 81.76 | 0.91 | 9.73 | 41.79 | 292.24 | -85.32 | 58.21 | -52.19 | 131.53 | 10.27 | -44.99 | -6.64 |
| 23Q3 (16) | 0.11 | -21.43 | -64.52 | 33.44 | -30.0 | 33.33 | -6.42 | 97.24 | -185.26 | 30.84 | -89.55 | 27.54 | 27.01 | -88.82 | 13.58 | 0.41 | -22.64 | -66.39 | 0.25 | -24.24 | -66.67 | 0.01 | 0 | -66.67 | 38.67 | -89.09 | 44.13 | 81.02 | 5.63 | 14.79 | -21.74 | 72.17 | -169.92 | 121.74 | -31.66 | 76.67 | 18.67 | -85.49 | 259.73 |
| 23Q2 (15) | 0.14 | -39.13 | -74.07 | 47.77 | 38.42 | 71.83 | -232.72 | -4346.72 | -1366.16 | 295.25 | 767.36 | 1052.42 | 241.54 | 619.51 | 897.69 | 0.53 | -41.76 | -75.58 | 0.33 | -40.0 | -75.56 | 0.00 | -100.0 | -100.0 | 354.55 | 805.39 | 1195.4 | 76.70 | 3.27 | 17.42 | -78.12 | -602.23 | -208.98 | 178.12 | 113.75 | 529.18 | 128.65 | 974.77 | 4320.96 |
| 23Q1 (14) | 0.23 | 227.78 | -62.3 | 34.51 | 82.21 | 118.42 | 5.48 | 113.86 | -47.61 | 34.04 | 344.54 | 183.9 | 33.57 | 279.9 | 223.1 | 0.91 | 224.66 | -63.16 | 0.55 | 241.03 | -62.07 | 0.02 | 0.0 | -84.62 | 39.16 | 497.97 | 205.7 | 74.27 | -0.32 | 12.96 | 15.56 | -94.53 | -82.11 | 83.33 | 145.14 | 556.86 | 11.97 | 8.82 | 827.91 |
| 22Q4 (13) | -0.18 | -158.06 | -150.0 | 18.94 | -24.48 | 54.74 | -39.54 | -625.1 | -416.86 | -13.92 | -157.57 | -178.56 | -18.66 | -178.47 | -167.76 | -0.73 | -159.84 | -148.99 | -0.39 | -152.0 | -145.88 | 0.02 | -33.33 | -33.33 | -9.84 | -136.68 | -145.98 | 74.51 | 5.57 | -14.64 | 284.62 | 815.38 | 766.6 | -184.62 | -367.92 | -229.38 | 11.00 | 111.95 | 104.84 |
| 22Q3 (12) | 0.31 | -42.59 | 542.86 | 25.08 | -9.78 | -4.2 | 7.53 | -59.03 | -36.13 | 24.18 | -5.62 | -4.12 | 23.78 | -1.78 | 549.53 | 1.22 | -43.78 | 551.85 | 0.75 | -44.44 | 850.0 | 0.03 | -40.0 | 0.0 | 26.83 | -1.97 | -7.26 | 70.58 | 8.05 | -17.42 | 31.09 | -56.63 | -33.45 | 68.91 | 143.4 | 29.33 | 5.19 | 78.35 | 12.34 |
| 22Q2 (11) | 0.54 | -11.48 | -61.43 | 27.80 | 75.95 | -10.95 | 18.38 | 75.72 | -27.38 | 25.62 | 113.68 | 1.63 | 24.21 | 133.01 | 3.55 | 2.17 | -12.15 | -60.76 | 1.35 | -6.9 | -57.01 | 0.05 | -61.54 | -61.54 | 27.37 | 113.66 | 5.39 | 65.32 | -0.65 | -14.17 | 71.69 | -17.54 | -28.56 | 28.31 | 123.15 | 8225.11 | 2.91 | 125.58 | 115.56 |
| 22Q1 (10) | 0.61 | 69.44 | -31.46 | 15.80 | 29.08 | -36.47 | 10.46 | 236.73 | -43.52 | 11.99 | -32.34 | -41.37 | 10.39 | -62.27 | -42.69 | 2.47 | 65.77 | -31.2 | 1.45 | 70.59 | -22.04 | 0.13 | 333.33 | 30.0 | 12.81 | -40.14 | -40.86 | 65.75 | -24.68 | -19.19 | 86.94 | 303.62 | -4.01 | 12.69 | -91.11 | 34.62 | 1.29 | -75.98 | -16.23 |
| 21Q4 (9) | 0.36 | 614.29 | 28.57 | 12.24 | -53.25 | 25.54 | -7.65 | -164.89 | -257.41 | 17.72 | -29.74 | 165.27 | 27.54 | 620.6 | 430.64 | 1.49 | 651.85 | -11.83 | 0.85 | 950.0 | -9.57 | 0.03 | 0.0 | -82.35 | 21.40 | -26.03 | 189.97 | 87.29 | 2.13 | -26.4 | -42.70 | -191.39 | -158.96 | 142.70 | 167.83 | 425.49 | 5.37 | 16.23 | 401.87 |
| 21Q3 (8) | -0.07 | -105.0 | -122.58 | 26.18 | -16.14 | -34.22 | 11.79 | -53.42 | -53.75 | 25.22 | 0.04 | -38.38 | -5.29 | -122.63 | -113.64 | -0.27 | -104.88 | -115.7 | -0.10 | -103.18 | -109.17 | 0.03 | -76.92 | 0.0 | 28.93 | 11.4 | -35.91 | 85.47 | 12.31 | 21.8 | 46.72 | -53.44 | -25.31 | 53.28 | 15390.98 | 40.63 | 4.62 | 242.22 | 8.96 |
| 21Q2 (7) | 1.40 | 57.3 | -78.69 | 31.22 | 25.53 | -36.27 | 25.31 | 36.66 | -46.11 | 25.21 | 23.28 | -46.57 | 23.38 | 28.96 | -48.8 | 5.53 | 54.04 | -87.22 | 3.14 | 68.82 | -86.37 | 0.13 | 30.0 | -74.0 | 25.97 | 19.9 | -45.27 | 76.10 | -6.47 | 19.82 | 100.35 | 10.79 | 0.8 | -0.35 | -103.7 | -178.5 | 1.35 | -12.34 | 0 |
| 21Q1 (6) | 0.89 | 217.86 | 2325.0 | 24.87 | 155.08 | 5.38 | 18.52 | 281.07 | 363.82 | 20.45 | 206.14 | 251.59 | 18.13 | 249.33 | 233.21 | 3.59 | 112.43 | 1070.27 | 1.86 | 97.87 | 2757.14 | 0.10 | -41.18 | 900.0 | 21.66 | 193.5 | 5022.73 | 81.36 | -31.4 | -36.5 | 90.58 | 25.08 | 69.83 | 9.42 | -65.3 | -81.15 | 1.54 | 43.93 | -83.7 |
| 20Q4 (5) | 0.28 | -9.68 | 180.0 | 9.75 | -75.5 | -60.29 | 4.86 | -80.93 | -60.03 | 6.68 | -83.68 | -29.98 | 5.19 | -86.61 | -41.22 | 1.69 | -1.74 | 98.82 | 0.94 | -13.76 | 88.0 | 0.17 | 466.67 | 325.0 | 7.38 | -83.65 | -47.32 | 118.60 | 69.02 | -5.87 | 72.41 | 15.76 | -42.83 | 27.16 | -28.32 | 196.98 | 1.07 | -74.76 | 0 |
| 20Q3 (4) | 0.31 | -95.28 | 0.0 | 39.80 | -18.76 | 0.0 | 25.49 | -45.73 | 0.0 | 40.93 | -13.25 | 0.0 | 38.77 | -15.09 | 0.0 | 1.72 | -96.02 | 0.0 | 1.09 | -95.27 | 0.0 | 0.03 | -94.0 | 0.0 | 45.14 | -4.87 | 0.0 | 70.17 | 10.49 | 0.0 | 62.56 | -37.17 | 0.0 | 37.89 | 8435.05 | 0.0 | 4.24 | 0 | 0.0 |
| 20Q2 (3) | 6.57 | 16525.0 | 0.0 | 48.99 | 107.58 | 0.0 | 46.97 | 769.09 | 0.0 | 47.18 | 449.74 | 0.0 | 45.66 | 435.49 | 0.0 | 43.26 | 11791.89 | 0.0 | 23.03 | 33000.0 | 0.0 | 0.50 | 4900.0 | 0.0 | 47.45 | 10884.09 | 0.0 | 63.51 | -50.43 | 0.0 | 99.56 | 86.67 | 0.0 | 0.44 | -99.11 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.04 | -140.0 | 0.0 | 23.60 | -3.87 | 0.0 | -7.02 | -157.73 | 0.0 | -13.49 | -241.4 | 0.0 | -13.61 | -254.13 | 0.0 | -0.37 | -143.53 | 0.0 | -0.07 | -114.0 | 0.0 | 0.01 | -75.0 | 0.0 | -0.44 | -103.14 | 0.0 | 128.13 | 1.69 | 0.0 | 53.33 | -57.89 | 0.0 | 50.00 | 278.57 | 0.0 | 9.45 | 0 | 0.0 |
| 19Q4 (1) | 0.10 | 0.0 | 0.0 | 24.55 | 0.0 | 0.0 | 12.16 | 0.0 | 0.0 | 9.54 | 0.0 | 0.0 | 8.83 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 14.01 | 0.0 | 0.0 | 126.00 | 0.0 | 0.0 | 126.67 | 0.0 | 0.0 | -28.00 | 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) | 0.80 | -37.5 | 39.64 | 99.7 | 1.46 | -79.32 | 4.35 | 473.97 | 45.37 | 224.3 | 41.45 | 237.27 | 3.08 | -40.19 | 1.82 | -39.13 | 0.04 | -82.61 | 52.52 | 238.4 | 81.76 | 9.73 | 3.29 | -93.47 | 96.71 | 95.18 | 0.00 | 0 | 16.08 | 427.21 |
| 2022 (9) | 1.28 | -50.39 | 19.85 | -25.32 | 7.06 | -61.53 | 0.76 | 29.56 | 13.99 | -38.51 | 12.29 | -35.89 | 5.15 | -51.37 | 2.99 | -44.73 | 0.23 | -14.81 | 15.52 | -35.97 | 74.51 | -14.64 | 50.45 | -37.42 | 49.55 | 156.77 | 0.00 | 0 | 3.05 | 43.87 |
| 2021 (8) | 2.58 | -65.96 | 26.58 | -31.32 | 18.35 | -47.65 | 0.59 | 145.87 | 22.75 | -37.05 | 19.17 | -44.63 | 10.59 | -81.25 | 5.41 | -78.97 | 0.27 | -63.01 | 24.24 | -34.26 | 87.29 | -26.4 | 80.62 | -16.87 | 19.30 | 538.28 | 0.00 | 0 | 2.12 | 87.61 |
| 2020 (7) | 7.58 | 9375.0 | 38.70 | 60.12 | 35.05 | 432.67 | 0.24 | -85.23 | 36.14 | 995.15 | 34.62 | 1069.59 | 56.47 | 8204.41 | 25.72 | 3375.68 | 0.73 | 563.64 | 36.87 | 269.44 | 118.60 | -5.87 | 96.98 | -51.51 | 3.02 | 0 | 0.00 | 0 | 1.13 | -76.11 |
| 2019 (6) | 0.08 | 0 | 24.17 | -21.4 | 6.58 | 0 | 1.61 | 506.94 | 3.30 | 0 | 2.96 | 0 | 0.68 | 0 | 0.74 | 0 | 0.11 | 120.0 | 9.98 | 527.67 | 126.00 | 14.44 | 200.00 | 182.05 | -100.00 | 0 | 0.00 | 0 | 4.73 | -67.38 |
| 2018 (5) | -0.08 | 0 | 30.75 | 49.85 | -5.23 | 0 | 0.27 | 18.33 | -7.33 | 0 | -6.77 | 0 | -0.64 | 0 | 0.00 | 0 | 0.05 | -70.59 | 1.59 | -78.43 | 110.10 | 0.92 | 70.91 | -36.0 | 29.09 | 0 | 0.00 | 0 | 14.50 | 277.6 |
| 2017 (4) | 0.25 | 2400.0 | 20.52 | -23.86 | 5.76 | 65.04 | 0.22 | -18.18 | 5.20 | 144.13 | 5.25 | 1120.93 | 1.91 | 2022.22 | 1.17 | 631.25 | 0.17 | 88.89 | 7.37 | 78.88 | 109.10 | -7.52 | 110.79 | -32.66 | -10.79 | 0 | 0.00 | 0 | 3.84 | -40.74 |
| 2016 (3) | 0.01 | -98.36 | 26.95 | -3.78 | 3.49 | -71.3 | 0.27 | 64.61 | 2.13 | -82.09 | 0.43 | -96.18 | 0.09 | -98.19 | 0.16 | -93.04 | 0.09 | -52.63 | 4.12 | -67.64 | 117.97 | -0.99 | 164.52 | 60.91 | -64.52 | 0 | 0.00 | 0 | 6.48 | 68.31 |
| 2015 (2) | 0.61 | 510.0 | 28.01 | -12.14 | 12.16 | 98.05 | 0.17 | -35.12 | 11.89 | 360.85 | 11.27 | 248.92 | 4.96 | 527.85 | 2.30 | 369.39 | 0.19 | 72.73 | 12.73 | 141.56 | 119.15 | -10.51 | 102.24 | -57.4 | -2.24 | 0 | 0.00 | 0 | 3.85 | -35.83 |
| 2014 (1) | 0.10 | -97.05 | 31.88 | 0 | 6.14 | 0 | 0.26 | 581.89 | 2.58 | 0 | 3.23 | 0 | 0.79 | 0 | 0.49 | 0 | 0.11 | -84.29 | 5.27 | -68.59 | 133.14 | 4.74 | 240.00 | 145.61 | -137.50 | 0 | 0.00 | 0 | 6.00 | 430.97 |
