- 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 | -85.71 | 106.06 | 43.26 | 120.6 | -23.69 | -0.65 | 38.1 | -157.02 | 9.49 | -64.59 | 103.78 | 5.03 | -78.37 | 102.0 | 0.03 | -91.43 | 103.12 | 0.15 | -40.0 | 475.0 | 0.00 | 0 | 0 | 122.97 | 65.77 | 295.27 | 253.52 | 2.49 | -0.25 | 0.00 | 100.0 | 100.0 | 100.00 | -3.92 | -0.87 | 16.93 | 94.6 | -20.1 |
| 24Q2 (19) | 0.14 | 333.33 | 156.0 | 19.61 | -36.93 | -65.29 | -1.05 | -105.39 | -103.56 | 26.80 | 548.91 | 126.35 | 23.26 | 458.4 | 122.53 | 0.35 | 294.44 | 147.95 | 0.25 | 108.33 | 1150.0 | 0.00 | -100.0 | 0 | 74.18 | 238.26 | 46.63 | 247.36 | 2.53 | 0.5 | -4.08 | 98.78 | 85.96 | 104.08 | -76.07 | -19.36 | 8.70 | 113.24 | -23.14 |
| 24Q1 (18) | -0.06 | -103.75 | 81.25 | 31.09 | 17.5 | -46.42 | 19.47 | -7.33 | 194.55 | -5.97 | -133.0 | 97.59 | -6.49 | -137.36 | 97.38 | -0.18 | -104.08 | 80.0 | 0.12 | -91.78 | 340.0 | 0.01 | -85.71 | 0 | 21.93 | 1.81 | -3.52 | 241.26 | 0.57 | 4.46 | -335.00 | -388.11 | -12183.33 | 435.00 | 2802.87 | 323.45 | 4.08 | 242.86 | -81.31 |
| 23Q4 (17) | 1.60 | 584.85 | 715.38 | 26.46 | -53.33 | -40.7 | 21.01 | 1742.98 | 93.82 | 18.09 | 107.2 | 107.36 | 17.37 | 106.91 | 107.06 | 4.41 | 559.38 | 712.5 | 1.46 | 3750.0 | 7400.0 | 0.07 | 0 | 0 | 21.54 | -30.76 | -61.23 | 239.89 | -5.61 | 7.94 | 116.27 | 13355.33 | 2687.12 | -16.09 | -115.95 | -115.4 | 1.19 | -94.38 | -96.05 |
| 23Q3 (16) | -0.33 | -32.0 | -50.0 | 56.69 | 0.35 | 140.01 | 1.14 | -96.13 | 123.08 | -251.21 | -146.99 | -231.37 | -251.21 | -143.28 | -231.37 | -0.96 | -31.51 | -60.0 | -0.04 | -300.0 | -300.0 | 0.00 | 0 | 0 | 31.11 | -38.51 | 45.17 | 254.16 | 3.26 | 20.36 | -0.88 | 96.98 | -112.98 | 100.88 | -21.84 | 8.19 | 21.19 | 87.19 | 122.82 |
| 23Q2 (15) | -0.25 | 21.88 | -56.25 | 56.49 | -2.64 | 7.11 | 29.47 | 345.84 | 320.4 | -101.71 | 59.0 | 17.5 | -103.26 | 58.38 | 13.77 | -0.73 | 18.89 | -69.77 | 0.02 | 140.0 | 0.0 | 0.00 | 0 | 0 | 50.59 | 122.57 | -18.69 | 246.13 | 6.56 | 22.43 | -29.07 | -965.89 | -442.64 | 129.07 | 25.64 | 22.51 | 11.32 | -48.14 | -44.32 |
| 23Q1 (14) | -0.32 | -23.08 | -168.09 | 58.02 | 30.03 | -7.79 | 6.61 | -39.02 | -88.71 | -248.10 | -0.87 | -619.8 | -248.10 | -0.87 | -913.18 | -0.90 | -25.0 | -170.87 | -0.05 | -150.0 | -108.47 | 0.00 | 0 | -100.0 | 22.73 | -59.09 | -63.94 | 230.97 | 3.92 | 17.55 | -2.73 | 39.32 | -102.22 | 102.73 | -1.69 | 550.13 | 21.83 | -27.57 | 1154.6 |
| 22Q4 (13) | -0.26 | -18.18 | -188.89 | 44.62 | 88.91 | -4.15 | 10.84 | 319.43 | -31.04 | -245.95 | -224.43 | -251.16 | -245.95 | -224.43 | -250.61 | -0.72 | -20.0 | -166.67 | -0.02 | -100.0 | -200.0 | 0.00 | 0 | 0 | 55.56 | 159.26 | 0.0 | 222.25 | 5.25 | 17.73 | -4.49 | -166.52 | 79.45 | 104.49 | 12.07 | -14.26 | 30.14 | 216.93 | 44.07 |
| 22Q3 (12) | -0.22 | -37.5 | -175.0 | 23.62 | -55.21 | -36.84 | -4.94 | -170.47 | -142.59 | -75.81 | 38.51 | -50.12 | -75.81 | 36.69 | -47.86 | -0.60 | -39.53 | -172.73 | -0.01 | -150.0 | 0 | 0.00 | 0 | 0 | 21.43 | -65.56 | -31.69 | 211.16 | 5.03 | 67.91 | 6.76 | 226.13 | 129.28 | 93.24 | -11.5 | -24.24 | 9.51 | -53.22 | -39.62 |
| 22Q2 (11) | -0.16 | -134.04 | -14.29 | 52.74 | -16.18 | 31.55 | 7.01 | -88.03 | -58.79 | -123.28 | -358.29 | -69.81 | -119.75 | -492.49 | -36.53 | -0.43 | -133.86 | -10.26 | 0.02 | -96.61 | 125.0 | 0.00 | -100.0 | 0 | 62.22 | -1.3 | 724.11 | 201.04 | 2.32 | 80.68 | -5.36 | -104.36 | 76.79 | 105.36 | 561.66 | -14.4 | 20.33 | 1068.39 | 35.62 |
| 22Q1 (10) | 0.47 | 622.22 | 123.81 | 62.92 | 35.17 | 77.84 | 58.54 | 272.39 | 135.38 | 47.73 | 168.15 | 7.82 | 30.51 | 143.49 | -24.59 | 1.27 | 570.37 | 122.81 | 0.59 | 2850.0 | 43.9 | 0.01 | 0 | 0.0 | 63.04 | 13.46 | -7.58 | 196.48 | 4.08 | 113.77 | 122.82 | 661.47 | 119.94 | -22.82 | -118.73 | -151.68 | 1.74 | -91.68 | -63.45 |
| 21Q4 (9) | -0.09 | -12.5 | -130.0 | 46.55 | 24.47 | 59.2 | 15.72 | 35.52 | -45.15 | -70.04 | -38.69 | -428.21 | -70.15 | -36.82 | -465.75 | -0.27 | -22.73 | -132.93 | 0.02 | 0 | -96.36 | 0.00 | 0 | -100.0 | 55.56 | 77.11 | 90.47 | 188.78 | 50.11 | 101.47 | -21.88 | 5.21 | -116.3 | 121.88 | -0.98 | 456.0 | 20.92 | 32.83 | 786.44 |
| 21Q3 (8) | -0.08 | 42.86 | -120.0 | 37.40 | -6.71 | 93.78 | 11.60 | -31.8 | -25.02 | -50.50 | 30.44 | -479.7 | -51.27 | 41.55 | -637.42 | -0.22 | 43.59 | -120.0 | 0.00 | 100.0 | -100.0 | 0.00 | 0 | -100.0 | 31.37 | 315.5 | 98.04 | 125.76 | 13.02 | 43.96 | -23.08 | 0.0 | -119.86 | 123.08 | 0.0 | 858.97 | 15.75 | 5.07 | 1972.37 |
| 21Q2 (7) | -0.14 | -166.67 | -123.33 | 40.09 | 13.31 | 30.08 | 17.01 | -31.6 | -33.92 | -72.60 | -263.99 | -408.28 | -87.71 | -316.78 | -549.33 | -0.39 | -168.42 | -123.49 | -0.08 | -119.51 | -107.21 | 0.00 | -100.0 | -100.0 | 7.55 | -88.93 | -71.83 | 111.27 | 21.06 | 68.9 | -23.08 | -141.32 | -121.15 | 123.08 | 178.73 | 1453.85 | 14.99 | 214.92 | 0 |
| 21Q1 (6) | 0.21 | -30.0 | -61.11 | 35.38 | 21.0 | 52.43 | 24.87 | -13.22 | 39.17 | 44.27 | 107.45 | 119.7 | 40.46 | 110.95 | 134.01 | 0.57 | -30.49 | -61.74 | 0.41 | -25.45 | -59.0 | 0.01 | -50.0 | -80.0 | 68.21 | 133.84 | 202.22 | 91.91 | -1.91 | 46.56 | 55.84 | -58.4 | -36.95 | 44.16 | 228.98 | 286.36 | 4.76 | 101.69 | 380.81 |
| 20Q4 (5) | 0.30 | -25.0 | -46.43 | 29.24 | 51.5 | 36.89 | 28.66 | 85.26 | 108.74 | 21.34 | 60.45 | -29.94 | 19.18 | 101.05 | -28.57 | 0.82 | -25.45 | -47.1 | 0.55 | -24.66 | -46.08 | 0.02 | -71.43 | -33.33 | 29.17 | 84.15 | -13.88 | 93.70 | 7.26 | 42.94 | 134.23 | 15.5 | 198.46 | -34.23 | -111.11 | -162.22 | 2.36 | 210.53 | 38.82 |
| 20Q3 (4) | 0.40 | -33.33 | 0.0 | 19.30 | -37.38 | 0.0 | 15.47 | -39.9 | 0.0 | 13.30 | -43.52 | 0.0 | 9.54 | -51.13 | 0.0 | 1.10 | -33.73 | 0.0 | 0.73 | -34.23 | 0.0 | 0.07 | 40.0 | 0.0 | 15.84 | -40.9 | 0.0 | 87.36 | 32.6 | 0.0 | 116.22 | 6.53 | 0.0 | -16.22 | -78.38 | 0.0 | 0.76 | 0 | 0.0 |
| 20Q2 (3) | 0.60 | 11.11 | 0.0 | 30.82 | 32.79 | 0.0 | 25.74 | 44.04 | 0.0 | 23.55 | 16.87 | 0.0 | 19.52 | 12.9 | 0.0 | 1.66 | 11.41 | 0.0 | 1.11 | 11.0 | 0.0 | 0.05 | 0.0 | 0.0 | 26.80 | 18.74 | 0.0 | 65.88 | 5.06 | 0.0 | 109.09 | 23.17 | 0.0 | -9.09 | -179.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.54 | -3.57 | 0.0 | 23.21 | 8.66 | 0.0 | 17.87 | 30.15 | 0.0 | 20.15 | -33.85 | 0.0 | 17.29 | -35.61 | 0.0 | 1.49 | -3.87 | 0.0 | 1.00 | -1.96 | 0.0 | 0.05 | 66.67 | 0.0 | 22.57 | -33.36 | 0.0 | 62.71 | -4.33 | 0.0 | 88.57 | 96.93 | 0.0 | 11.43 | -79.23 | 0.0 | 0.99 | -41.76 | 0.0 |
| 19Q4 (1) | 0.56 | 0.0 | 0.0 | 21.36 | 0.0 | 0.0 | 13.73 | 0.0 | 0.0 | 30.46 | 0.0 | 0.0 | 26.85 | 0.0 | 0.0 | 1.55 | 0.0 | 0.0 | 1.02 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 33.87 | 0.0 | 0.0 | 65.55 | 0.0 | 0.0 | 44.98 | 0.0 | 0.0 | 55.02 | 0.0 | 0.0 | 1.70 | 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) | 0.69 | 0 | 28.11 | -49.52 | 20.76 | -52.35 | 0.90 | -79.55 | 7.52 | 123.81 | 6.80 | 0 | 1.79 | 0 | 1.43 | 155.36 | 0.08 | 300.0 | 22.46 | -60.41 | 239.89 | 7.94 | 276.13 | -78.69 | -176.13 | 0 | 0.00 | 0 | 2.02 | -63.73 |
| 2022 (9) | -0.16 | 0 | 55.68 | 46.37 | 43.57 | 115.91 | 4.39 | -52.78 | 3.36 | 0 | -9.13 | 0 | -0.52 | 0 | 0.56 | 86.67 | 0.02 | 100.0 | 56.73 | 12.43 | 222.25 | 17.73 | 1295.65 | 0 | -1195.65 | 0 | 0.00 | 0 | 5.57 | -46.7 |
| 2021 (8) | -0.10 | 0 | 38.04 | 54.63 | 20.18 | -1.46 | 9.29 | 1320.7 | -6.07 | 0 | -10.75 | 0 | -0.29 | 0 | 0.30 | -90.68 | 0.01 | -94.44 | 50.46 | 127.81 | 188.78 | 101.47 | -325.00 | 0 | 425.00 | 0 | 0.00 | 0 | 10.45 | 850.0 |
| 2020 (7) | 1.84 | 0.55 | 24.60 | -6.61 | 20.48 | 4.44 | 0.65 | 528.92 | 18.79 | -20.35 | 15.40 | -26.7 | 5.08 | -1.17 | 3.22 | -11.29 | 0.18 | 12.5 | 22.15 | -13.61 | 93.70 | 42.94 | 108.97 | 31.11 | -8.97 | 0 | 0.00 | 0 | 1.10 | -31.68 |
| 2019 (6) | 1.83 | 36.57 | 26.34 | 58.58 | 19.61 | 77.63 | 0.10 | 35.76 | 23.59 | 77.5 | 21.01 | 85.11 | 5.14 | 34.91 | 3.63 | 30.11 | 0.16 | -30.43 | 25.64 | 79.68 | 65.55 | 71.55 | 83.11 | 0.0 | 16.89 | -0.02 | 0.00 | 0 | 1.61 | 40.0 |
| 2018 (5) | 1.34 | -42.98 | 16.61 | -47.09 | 11.04 | -58.26 | 0.08 | 2.79 | 13.29 | -59.98 | 11.35 | -61.05 | 3.81 | -43.39 | 2.79 | -39.48 | 0.23 | 53.33 | 14.27 | -58.53 | 38.21 | -27.07 | 83.11 | 4.41 | 16.89 | -16.76 | 0.00 | 0 | 1.15 | -37.16 |
| 2017 (4) | 2.35 | -26.79 | 31.39 | 29.02 | 26.45 | 24.59 | 0.07 | 78.36 | 33.21 | 40.19 | 29.14 | 30.61 | 6.73 | -27.48 | 4.61 | -19.97 | 0.15 | -42.31 | 34.41 | 42.9 | 52.39 | 7.22 | 79.60 | -11.17 | 20.29 | 95.18 | 0.00 | 0 | 1.83 | 57.76 |
| 2016 (3) | 3.21 | -27.21 | 24.33 | -32.99 | 21.23 | -32.11 | 0.04 | 5.47 | 23.69 | -23.21 | 22.31 | -23.15 | 9.28 | -30.23 | 5.76 | -20.11 | 0.26 | 8.33 | 24.08 | -24.09 | 48.86 | -37.06 | 89.60 | -11.64 | 10.40 | 0 | 0.00 | 0 | 1.16 | -6.45 |
| 2015 (2) | 4.41 | 27.46 | 36.31 | -7.04 | 31.27 | 3.61 | 0.04 | -10.91 | 30.85 | 12.26 | 29.03 | 14.74 | 13.30 | 17.18 | 7.21 | 32.29 | 0.24 | 20.0 | 31.72 | 7.56 | 77.63 | -23.1 | 101.41 | -7.62 | -1.35 | 0 | 0.00 | 0 | 1.24 | -17.33 |
| 2014 (1) | 3.46 | 24.91 | 39.06 | 0 | 30.18 | 0 | 0.04 | -40.65 | 27.48 | 0 | 25.30 | 0 | 11.35 | 0 | 5.45 | 0 | 0.20 | 5.26 | 29.49 | -3.31 | 100.95 | -30.35 | 109.78 | -2.54 | -9.78 | 0 | 0.00 | 0 | 1.50 | 31.58 |
