- 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) | -0.14 | -275.0 | -120.29 | 98.86 | 83.55 | 136.73 | -1834.12 | -8540.5 | -5683.32 | -1838.40 | -8134.97 | -5701.46 | -1764.62 | -12632.81 | -6950.23 | -1.18 | -310.71 | -121.11 | -0.46 | -291.67 | -117.62 | 0.00 | -100.0 | -100.0 | -1800.00 | -7868.67 | -5571.12 | 167.12 | 18.58 | 49.8 | 99.32 | 5.04 | -0.82 | -0.00 | -100.0 | 100.0 | 289.63 | 5427.29 | 22179.23 |
| 24Q2 (19) | 0.08 | -82.98 | 300.0 | 53.86 | 0.58 | 32.04 | 21.73 | -46.03 | 2850.63 | 22.88 | -43.14 | 18966.67 | 14.08 | -54.51 | 315.62 | 0.56 | -83.28 | 315.38 | 0.24 | -84.42 | 300.0 | 0.02 | -60.0 | 0.0 | 23.17 | -42.65 | 3073.97 | 140.93 | 16.36 | 20.87 | 94.55 | -5.45 | 0 | 4.55 | 0 | 0 | 5.24 | 158.13 | 27.8 |
| 24Q1 (18) | 0.47 | -54.37 | -26.56 | 53.55 | -2.23 | 35.43 | 40.26 | -9.49 | 24.22 | 40.24 | -9.76 | 24.47 | 30.95 | -11.06 | 20.15 | 3.35 | -56.61 | -27.49 | 1.54 | -57.58 | -31.25 | 0.05 | -50.0 | -44.44 | 40.40 | -9.62 | 24.46 | 121.12 | 5.94 | 17.74 | 100.00 | 0.27 | -0.17 | 0.00 | -100.0 | 100.0 | 2.03 | 1.5 | 40.0 |
| 23Q4 (17) | 1.03 | 49.28 | 2675.0 | 54.77 | 31.15 | 0 | 44.48 | 35.4 | 0 | 44.59 | 35.86 | 0 | 34.80 | 35.09 | 0 | 7.72 | 38.1 | 2959.26 | 3.63 | 39.08 | 3125.0 | 0.10 | 0.0 | 0 | 44.70 | 35.87 | 0 | 114.33 | 2.48 | 3.54 | 99.73 | -0.4 | 3.57 | 0.27 | 301.69 | -92.79 | 2.00 | 53.85 | 0 |
| 23Q3 (16) | 0.69 | 1825.0 | -31.0 | 41.76 | 2.38 | 23.59 | 32.85 | 4258.23 | 12.69 | 32.82 | 27250.0 | 12.94 | 25.76 | 494.49 | 8.97 | 5.59 | 2250.0 | -26.64 | 2.61 | 2275.0 | -26.48 | 0.10 | 400.0 | -33.33 | 32.90 | 4406.85 | 12.67 | 111.56 | -4.32 | 8.49 | 100.13 | 0 | -0.09 | -0.13 | 0 | 60.26 | 1.30 | -68.29 | 35.42 |
| 23Q2 (15) | -0.04 | -106.25 | -103.05 | 40.79 | 3.16 | 5.59 | -0.79 | -102.44 | -102.3 | 0.12 | -99.63 | -99.65 | -6.53 | -125.35 | -124.55 | -0.26 | -105.63 | -102.74 | -0.12 | -105.36 | -103.08 | 0.02 | -77.78 | -86.67 | 0.73 | -97.75 | -97.88 | 116.60 | 13.35 | -9.79 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 4.10 | 182.76 | 331.58 |
| 23Q1 (14) | 0.64 | 1700.0 | 1014.29 | 39.54 | 0 | 237.37 | 32.41 | 0 | 102.09 | 32.33 | 0 | 101.84 | 25.76 | 0 | 101.46 | 4.62 | 1811.11 | 1042.86 | 2.24 | 1966.67 | 1344.44 | 0.09 | 0 | 0 | 32.46 | 0 | 101.8 | 102.87 | -6.84 | -36.43 | 100.17 | 4.02 | 13.7 | -0.17 | -104.55 | -101.42 | 1.45 | 0 | -99.74 |
| 22Q4 (13) | -0.04 | -104.0 | -106.15 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | -0.27 | -103.54 | -105.37 | -0.12 | -103.38 | -106.12 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 110.42 | 7.38 | -25.12 | 96.30 | -3.92 | -4.45 | 3.70 | 1211.11 | 575.93 | 0.00 | -100.0 | -100.0 |
| 22Q3 (12) | 1.00 | -23.66 | 51.52 | 33.79 | -12.53 | 0.9 | 29.15 | -15.14 | 8.77 | 29.06 | -15.15 | 10.16 | 23.64 | -11.13 | 11.19 | 7.62 | -19.62 | 42.16 | 3.55 | -8.74 | 79.29 | 0.15 | 0.0 | 66.67 | 29.20 | -15.19 | 8.59 | 102.83 | -20.45 | -39.74 | 100.22 | -0.05 | -1.28 | -0.33 | -20.44 | 78.17 | 0.96 | 1.05 | -3.03 |
| 22Q2 (11) | 1.31 | 1971.43 | 1737.5 | 38.63 | 229.61 | -61.37 | 34.35 | 102.22 | 100.82 | 34.25 | 101.95 | 100.69 | 26.60 | 101.51 | 100.56 | 9.48 | 2034.69 | 1680.0 | 3.89 | 2261.11 | 2147.37 | 0.15 | 0 | 0 | 34.43 | 101.91 | 100.86 | 129.26 | -20.12 | -28.26 | 100.28 | 13.83 | 19.84 | -0.28 | -102.32 | -101.7 | 0.95 | -99.83 | -99.92 |
| 22Q1 (10) | -0.07 | -110.77 | 0.0 | 11.72 | -60.51 | -69.28 | -1550.38 | -6451.41 | -10403.93 | -1758.73 | -7361.48 | -9122.5 | -1762.61 | -9097.5 | -7723.39 | -0.49 | -109.74 | -2.08 | -0.18 | -109.18 | -12.5 | 0.00 | -100.0 | -100.0 | -1800.00 | -7443.94 | -13484.91 | 161.81 | 9.72 | 1.68 | 88.10 | -12.59 | 12.76 | 11.90 | 1629.76 | -45.58 | 561.00 | 36093.55 | 8919.29 |
| 21Q4 (9) | 0.65 | -1.52 | -29.35 | 29.68 | -11.38 | -8.82 | 24.41 | -8.92 | -7.22 | 24.22 | -8.19 | -6.81 | 19.59 | -7.86 | -5.95 | 5.03 | -6.16 | -26.35 | 1.96 | -1.01 | -31.94 | 0.10 | 11.11 | -28.57 | 24.51 | -8.85 | -6.81 | 147.47 | -13.58 | 10.4 | 100.78 | -0.74 | -0.47 | -0.78 | 49.03 | 37.84 | 1.55 | 56.57 | 28.1 |
| 21Q3 (8) | 0.66 | 925.0 | 407.69 | 33.49 | -66.51 | 23.67 | 26.80 | 100.64 | 84.7 | 26.38 | 100.53 | 92.41 | 21.26 | 100.45 | 112.6 | 5.36 | 993.33 | 436.0 | 1.98 | 1142.11 | 340.0 | 0.09 | 0 | 125.0 | 26.89 | 100.67 | 83.93 | 170.64 | -5.29 | 16.87 | 101.53 | 21.34 | -3.35 | -1.53 | -109.35 | 74.81 | 0.99 | -99.91 | -37.34 |
| 21Q2 (7) | -0.08 | -14.29 | -127.59 | 100.00 | 162.12 | 138.72 | -4191.22 | -28295.8 | -16594.37 | -4998.78 | -26112.79 | -19999.6 | -4731.94 | -20902.84 | -25377.46 | -0.60 | -25.0 | -131.58 | -0.19 | -18.75 | -120.88 | 0.00 | -100.0 | -100.0 | -4000.00 | -30088.68 | -15633.98 | 180.18 | 13.23 | 46.7 | 83.67 | 7.1 | -17.67 | 16.33 | -25.36 | 1602.04 | 1149.49 | 18380.55 | 0 |
| 21Q1 (6) | -0.07 | -107.61 | -131.82 | 38.15 | 17.2 | 31.01 | -14.76 | -156.1 | -191.73 | -19.07 | -173.37 | -221.54 | -22.53 | -208.16 | -257.99 | -0.48 | -107.03 | -135.04 | -0.16 | -105.56 | -122.22 | 0.01 | -92.86 | -80.0 | -13.25 | -150.38 | -181.09 | 159.13 | 19.13 | 57.24 | 78.12 | -22.84 | -23.95 | 21.88 | 1847.27 | 902.08 | 6.22 | 414.05 | 265.88 |
| 20Q4 (5) | 0.92 | 607.69 | -57.8 | 32.55 | 20.2 | 13.61 | 26.31 | 81.32 | 8.63 | 25.99 | 89.57 | 7.8 | 20.83 | 108.3 | -5.49 | 6.83 | 583.0 | -54.38 | 2.88 | 540.0 | -59.03 | 0.14 | 250.0 | -56.25 | 26.30 | 79.89 | 8.36 | 133.58 | -8.51 | 50.5 | 101.25 | -3.62 | 0.79 | -1.25 | 79.34 | -175.43 | 1.21 | -23.42 | 57.14 |
| 20Q3 (4) | 0.13 | -55.17 | 0.0 | 27.08 | -35.35 | 0.0 | 14.51 | -42.9 | 0.0 | 13.71 | -45.42 | 0.0 | 10.00 | -46.58 | 0.0 | 1.00 | -47.37 | 0.0 | 0.45 | -50.55 | 0.0 | 0.04 | -20.0 | 0.0 | 14.62 | -43.22 | 0.0 | 146.01 | 18.88 | 0.0 | 105.05 | 3.37 | 0.0 | -6.06 | -457.58 | 0.0 | 1.58 | 0 | 0.0 |
| 20Q2 (3) | 0.29 | 31.82 | 0.0 | 41.89 | 43.85 | 0.0 | 25.41 | 57.92 | 0.0 | 25.12 | 60.1 | 0.0 | 18.72 | 31.28 | 0.0 | 1.90 | 38.69 | 0.0 | 0.91 | 26.39 | 0.0 | 0.05 | 0.0 | 0.0 | 25.75 | 57.59 | 0.0 | 122.82 | 21.36 | 0.0 | 101.63 | -1.07 | 0.0 | -1.09 | 60.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.22 | -89.91 | 0.0 | 29.12 | 1.64 | 0.0 | 16.09 | -33.57 | 0.0 | 15.69 | -34.92 | 0.0 | 14.26 | -35.3 | 0.0 | 1.37 | -90.85 | 0.0 | 0.72 | -89.76 | 0.0 | 0.05 | -84.38 | 0.0 | 16.34 | -32.67 | 0.0 | 101.20 | 14.02 | 0.0 | 102.73 | 2.26 | 0.0 | -2.73 | -500.0 | 0.0 | 1.70 | 120.78 | 0.0 |
| 19Q4 (1) | 2.18 | 0.0 | 0.0 | 28.65 | 0.0 | 0.0 | 24.22 | 0.0 | 0.0 | 24.11 | 0.0 | 0.0 | 22.04 | 0.0 | 0.0 | 14.97 | 0.0 | 0.0 | 7.03 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 24.27 | 0.0 | 0.0 | 88.76 | 0.0 | 0.0 | 100.45 | 0.0 | 0.0 | -0.45 | 0.0 | 0.0 | 0.77 | 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) | 2.24 | 9.27 | 45.77 | 26.51 | 34.93 | 13.56 | 0.06 | -11.31 | 35.00 | 14.49 | 27.11 | 12.82 | 17.60 | 7.84 | 8.30 | 14.8 | 0.31 | 3.33 | 35.13 | 13.8 | 114.33 | 3.54 | 99.80 | -0.82 | 0.20 | 0 | 0.00 | -17.09 | 1.75 | 8.7 |
| 2022 (9) | 2.05 | 73.73 | 36.18 | 13.77 | 30.76 | 33.56 | 0.06 | -45.42 | 30.57 | 36.53 | 24.03 | 36.22 | 16.32 | 75.86 | 7.23 | 82.12 | 0.30 | 36.36 | 30.87 | 33.0 | 110.42 | -25.12 | 100.63 | -2.23 | -0.63 | 0 | 0.00 | -49.88 | 1.61 | -6.94 |
| 2021 (8) | 1.18 | -20.27 | 31.80 | -2.63 | 23.03 | 1.14 | 0.12 | 35.0 | 22.39 | 0.09 | 17.64 | -0.95 | 9.28 | -15.33 | 3.97 | -24.67 | 0.22 | -24.14 | 23.21 | 1.44 | 147.47 | 10.4 | 102.93 | 1.16 | -2.82 | 0 | 0.01 | 0 | 1.73 | 21.83 |
| 2020 (7) | 1.48 | -54.04 | 32.66 | 13.6 | 22.77 | 2.43 | 0.09 | 60.98 | 22.37 | 1.77 | 17.81 | -11.08 | 10.96 | -52.16 | 5.27 | -54.17 | 0.29 | -49.12 | 22.88 | 2.37 | 133.58 | 50.5 | 101.74 | 0.63 | -1.74 | 0 | 0.00 | 0 | 1.42 | 47.92 |
| 2019 (6) | 3.22 | 192.73 | 28.75 | 25.27 | 22.23 | 59.35 | 0.05 | -31.96 | 21.98 | 61.26 | 20.03 | 68.74 | 22.91 | 195.61 | 11.50 | 194.87 | 0.57 | 78.12 | 22.35 | 58.74 | 88.76 | -24.73 | 101.10 | -1.19 | -1.10 | 0 | 0.00 | 0 | 0.96 | -24.41 |
| 2018 (5) | 1.10 | -57.85 | 22.95 | -29.67 | 13.95 | -46.88 | 0.08 | 10.26 | 13.63 | -47.7 | 11.87 | -49.7 | 7.75 | -55.69 | 3.90 | -60.73 | 0.32 | -23.81 | 14.08 | -46.48 | 117.92 | 31.72 | 102.32 | 1.58 | -2.32 | 0 | 0.00 | 0 | 1.27 | 17.59 |
| 2017 (4) | 2.61 | -8.1 | 32.63 | -14.89 | 26.26 | -15.62 | 0.07 | 19.94 | 26.06 | -18.87 | 23.60 | -19.18 | 17.49 | -8.72 | 9.93 | -11.34 | 0.42 | 10.53 | 26.31 | -18.65 | 89.52 | 40.51 | 100.73 | 4.03 | -0.83 | 0 | 0.00 | 0 | 1.08 | -26.03 |
| 2016 (3) | 2.84 | -19.09 | 38.34 | -5.98 | 31.12 | -7.33 | 0.06 | 0.09 | 32.12 | -4.0 | 29.20 | -2.7 | 19.16 | -16.44 | 11.20 | -15.34 | 0.38 | -13.64 | 32.34 | -4.23 | 63.71 | -21.68 | 96.83 | -3.51 | 3.07 | 0 | 0.00 | 0 | 1.46 | 3.55 |
| 2015 (2) | 3.51 | -24.35 | 40.78 | 3.71 | 33.58 | 3.67 | 0.06 | 10.76 | 33.46 | 3.46 | 30.01 | 0.54 | 22.93 | -28.03 | 13.23 | -24.14 | 0.44 | -24.14 | 33.77 | 3.78 | 81.35 | 22.89 | 100.36 | 0.19 | -0.36 | 0 | 0.00 | 0 | 1.41 | 39.6 |
| 2014 (1) | 4.64 | -11.95 | 39.32 | 0 | 32.39 | 0 | 0.05 | -15.79 | 32.34 | 0 | 29.85 | 0 | 31.86 | 0 | 17.44 | 0 | 0.58 | -3.33 | 32.54 | -6.06 | 66.20 | -38.07 | 100.17 | 0.26 | -0.17 | 0 | 0.00 | 0 | 1.01 | -25.74 |
