- 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) | 0.32 | -13.51 | -67.01 | 21.74 | -20.6 | -23.4 | -14.05 | -12872.73 | -547.47 | 38.59 | -13.98 | -67.4 | 37.51 | -14.26 | -67.8 | 1.97 | -7.94 | -69.46 | 1.48 | -11.38 | -69.17 | 0.04 | 0.0 | 0.0 | 50.59 | -11.2 | -61.64 | 38.26 | -8.93 | 11.77 | -36.36 | 0 | -2190.91 | 134.85 | 34.85 | 32.05 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.37 | -67.54 | 5.71 | 27.38 | -9.49 | 15.58 | 0.11 | -82.26 | 103.06 | 44.86 | -66.58 | 4.94 | 43.75 | -67.0 | 4.14 | 2.14 | -67.38 | -11.57 | 1.67 | -67.95 | -10.22 | 0.04 | 0.0 | 0.0 | 56.97 | -61.09 | 0.65 | 42.01 | 64.87 | 5.98 | 0.00 | -100.0 | 100.0 | 100.00 | 0.45 | -8.11 | 37.59 | 38.61 | 20.44 |
| 24Q1 (18) | 1.14 | 2.7 | 2180.0 | 30.25 | 3.24 | 191.15 | 0.62 | 106.63 | 103.49 | 134.23 | 2.85 | 5312.5 | 132.59 | 2.97 | 2645.13 | 6.56 | -5.61 | 2752.17 | 5.21 | -2.43 | 1984.0 | 0.04 | 0.0 | 0.0 | 146.43 | 2.5 | 727.76 | 25.48 | -14.06 | -26.38 | 0.44 | 106.08 | 100.06 | 99.56 | -7.22 | -88.51 | 27.12 | -21.91 | -21.19 |
| 23Q4 (17) | 1.11 | 14.43 | 825.0 | 29.30 | 3.24 | 961.59 | -9.35 | -330.88 | 70.77 | 130.51 | 10.26 | 1637.82 | 128.76 | 10.53 | 991.19 | 6.95 | 7.75 | 1187.04 | 5.34 | 11.25 | 1012.5 | 0.04 | 0.0 | 33.33 | 142.86 | 8.33 | 510.77 | 29.65 | -13.38 | -8.52 | -7.31 | -360.27 | 98.36 | 107.31 | 5.08 | -80.29 | 34.73 | 7.96 | 5.59 |
| 23Q3 (16) | 0.97 | 177.14 | 288.0 | 28.38 | 19.8 | 8.03 | -2.17 | 39.55 | -166.36 | 118.37 | 176.89 | 279.27 | 116.49 | 177.29 | 297.17 | 6.45 | 166.53 | 201.4 | 4.80 | 158.06 | 192.68 | 0.04 | 0.0 | -20.0 | 131.88 | 133.0 | 211.4 | 34.23 | -13.65 | 2.45 | -1.59 | 82.01 | -116.14 | 102.12 | -6.16 | 13.26 | 32.17 | 3.08 | -5.19 |
| 23Q2 (15) | 0.35 | 600.0 | 116.59 | 23.69 | 128.01 | -3.5 | -3.59 | 79.76 | -188.86 | 42.75 | 1623.79 | 124.43 | 42.01 | 769.77 | 123.68 | 2.42 | 952.17 | 119.74 | 1.86 | 644.0 | 120.83 | 0.04 | 0.0 | -20.0 | 56.60 | 219.95 | 134.54 | 39.64 | 14.53 | -0.43 | -8.82 | 98.85 | -289.34 | 108.82 | -87.44 | 6.41 | 31.21 | -9.3 | 17.91 |
| 23Q1 (14) | 0.05 | -58.33 | -73.68 | 10.39 | 276.45 | -59.71 | -17.74 | 44.55 | -503.18 | 2.48 | -66.98 | -87.67 | 4.83 | -59.07 | -75.21 | 0.23 | -57.41 | -81.75 | 0.25 | -47.92 | -75.25 | 0.04 | 33.33 | -20.0 | 17.69 | -24.37 | -42.51 | 34.61 | 6.79 | 3.75 | -766.67 | -72.5 | -3677.78 | 866.67 | 59.18 | 1003.03 | 34.41 | 4.62 | 15.47 |
| 22Q4 (13) | 0.12 | -52.0 | -20.0 | 2.76 | -89.49 | -88.39 | -31.99 | -1078.29 | -1938.51 | 7.51 | -75.94 | -59.27 | 11.80 | -59.77 | -26.3 | 0.54 | -74.77 | -53.85 | 0.48 | -70.73 | -50.0 | 0.03 | -40.0 | -50.0 | 23.39 | -44.77 | -33.72 | 32.41 | -2.99 | 10.2 | -444.44 | -4618.52 | -4988.89 | 544.44 | 503.84 | 498.89 | 32.89 | -3.07 | 14.28 |
| 22Q3 (12) | 0.25 | 111.85 | 126.32 | 26.27 | 7.01 | -6.94 | 3.27 | -19.06 | -61.8 | 31.21 | 117.84 | 145.78 | 29.33 | 116.53 | 141.6 | 2.14 | 117.46 | 146.42 | 1.64 | 118.37 | 147.67 | 0.05 | 0.0 | 0.0 | 42.35 | 125.85 | 173.36 | 33.41 | -16.08 | 0.18 | 9.84 | 534.02 | 177.65 | 90.16 | -11.83 | -19.5 | 33.93 | 28.18 | 9.88 |
| 22Q2 (11) | -2.11 | -1210.53 | -202.93 | 24.55 | -4.81 | 144.77 | 4.04 | -8.18 | 122.04 | -174.96 | -969.58 | -184.27 | -177.40 | -1010.68 | -185.65 | -12.26 | -1073.02 | -211.25 | -8.93 | -984.16 | -211.21 | 0.05 | 0.0 | 25.0 | -163.86 | -632.53 | -174.13 | 39.81 | 19.33 | 32.0 | -2.27 | -110.58 | 73.97 | 102.27 | 30.16 | -5.93 | 26.47 | -11.17 | -19.54 |
| 22Q1 (10) | 0.19 | 26.67 | -56.82 | 25.79 | 8.45 | 94.49 | 4.40 | 152.87 | 130.86 | 20.12 | 9.11 | -56.8 | 19.48 | 21.67 | -58.62 | 1.26 | 7.69 | -53.51 | 1.01 | 5.21 | -44.2 | 0.05 | -16.67 | 25.0 | 30.77 | -12.81 | -49.85 | 33.36 | 13.43 | -30.19 | 21.43 | 135.71 | 170.81 | 78.57 | -13.57 | -39.68 | 29.80 | 3.54 | -15.56 |
| 21Q4 (9) | 0.15 | 115.79 | -87.9 | 23.78 | -15.76 | 323.89 | 1.74 | -79.67 | 104.66 | 18.44 | 127.05 | -89.08 | 16.01 | 122.71 | -90.38 | 1.17 | 125.38 | -88.78 | 0.96 | 127.91 | -84.42 | 0.06 | 20.0 | 50.0 | 35.29 | 161.13 | -80.86 | 29.41 | -11.81 | -55.59 | 9.09 | 171.77 | 140.91 | 90.91 | -18.83 | -25.62 | 28.78 | -6.8 | -21.52 |
| 21Q3 (8) | -0.95 | -146.34 | 29.1 | 28.23 | 181.46 | 162.6 | 8.56 | 146.7 | 150.56 | -68.18 | -132.84 | 67.72 | -70.51 | -134.04 | 66.56 | -4.61 | -141.83 | 63.38 | -3.44 | -142.84 | 51.07 | 0.05 | 25.0 | 66.67 | -57.73 | -126.12 | 70.35 | 33.35 | 10.58 | -57.98 | -12.67 | -45.46 | -255.41 | 112.00 | 3.03 | 21.94 | 30.88 | -6.14 | -18.11 |
| 21Q2 (7) | 2.05 | 365.91 | 720.0 | 10.03 | -24.36 | 61.25 | -18.33 | -28.54 | 22.66 | 207.62 | 345.82 | 572.78 | 207.11 | 339.91 | 580.39 | 11.02 | 306.64 | 601.91 | 8.03 | 343.65 | 703.0 | 0.04 | 0.0 | 33.33 | 221.05 | 260.31 | 342.1 | 30.16 | -36.89 | -59.26 | -8.71 | 71.23 | 88.57 | 108.71 | -16.55 | -38.3 | 32.90 | -6.77 | 0 |
| 21Q1 (6) | 0.44 | -64.52 | 276.0 | 13.26 | 136.36 | 74.7 | -14.26 | 61.8 | 28.02 | 46.57 | -72.43 | 239.22 | 47.08 | -71.72 | 249.79 | 2.71 | -74.02 | 242.63 | 1.81 | -70.62 | 286.6 | 0.04 | 0.0 | 33.33 | 61.35 | -66.73 | 463.45 | 47.79 | -27.84 | -37.12 | -30.26 | -36.18 | -150.12 | 130.26 | 6.58 | 213.82 | 35.29 | -3.76 | 0 |
| 20Q4 (5) | 1.24 | 192.54 | 221.57 | 5.61 | -47.81 | -75.82 | -37.33 | -120.5 | -3829.47 | 168.89 | 179.97 | 272.58 | 166.45 | 178.94 | 318.55 | 10.43 | 182.84 | 265.56 | 6.16 | 187.62 | 272.55 | 0.04 | 33.33 | -20.0 | 184.38 | 194.7 | 314.32 | 66.23 | -16.56 | -10.39 | -22.22 | -372.65 | -2588.89 | 122.22 | 33.07 | 23.32 | 36.67 | -2.76 | 0 |
| 20Q3 (4) | -1.34 | -636.0 | 0.0 | 10.75 | 72.83 | 0.0 | -16.93 | 28.57 | 0.0 | -211.20 | -784.38 | 0.0 | -210.86 | -792.71 | 0.0 | -12.59 | -901.91 | 0.0 | -7.03 | -803.0 | 0.0 | 0.03 | 0.0 | 0.0 | -194.70 | -489.4 | 0.0 | 79.37 | 7.21 | 0.0 | 8.15 | 110.7 | 0.0 | 91.85 | -47.87 | 0.0 | 37.71 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | 200.0 | 0.0 | 6.22 | -18.05 | 0.0 | -23.70 | -19.64 | 0.0 | 30.86 | 192.26 | 0.0 | 30.44 | 196.85 | 0.0 | 1.57 | 182.63 | 0.0 | 1.00 | 203.09 | 0.0 | 0.03 | 0.0 | 0.0 | 50.00 | 396.21 | 0.0 | 74.03 | -2.59 | 0.0 | -76.19 | -226.19 | 0.0 | 176.19 | 324.46 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.25 | 75.49 | 0.0 | 7.59 | -67.28 | 0.0 | -19.81 | -1985.26 | 0.0 | -33.45 | 65.82 | 0.0 | -31.43 | 58.73 | 0.0 | -1.90 | 69.84 | 0.0 | -0.97 | 72.83 | 0.0 | 0.03 | -40.0 | 0.0 | -16.88 | 80.38 | 0.0 | 76.00 | 2.83 | 0.0 | 60.38 | 6662.26 | 0.0 | 41.51 | -58.12 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.02 | 0.0 | 0.0 | 23.20 | 0.0 | 0.0 | -0.95 | 0.0 | 0.0 | -97.86 | 0.0 | 0.0 | -76.16 | 0.0 | 0.0 | -6.30 | 0.0 | 0.0 | -3.57 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | -86.03 | 0.0 | 0.0 | 73.91 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 99.11 | 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) | 2.48 | 0 | 23.63 | 9.04 | -7.77 | 0 | 7.29 | -1.4 | 77.74 | 0 | 77.08 | 0 | 15.99 | 0 | 12.55 | 0 | 0.16 | -15.79 | 91.41 | 0 | 29.65 | -8.52 | -10.00 | 0 | 110.00 | 17.82 | 11.93 | 3.08 | 33.09 | 8.42 |
| 2022 (9) | -1.37 | 0 | 21.67 | 9.06 | -2.18 | 0 | 7.40 | 1.01 | -32.95 | 0 | -33.59 | 0 | -8.19 | 0 | -6.01 | 0 | 0.19 | 5.56 | -21.23 | 0 | 32.41 | 10.2 | 6.64 | 0 | 93.36 | -14.98 | 11.57 | 12.15 | 30.52 | -3.42 |
| 2021 (8) | 1.69 | 0 | 19.87 | 163.18 | -4.02 | 0 | 7.32 | -20.75 | 41.19 | 0 | 39.82 | 0 | 10.52 | 0 | 7.47 | 0 | 0.18 | 38.46 | 54.80 | 709.45 | 29.41 | -55.59 | -9.82 | 0 | 109.82 | 0 | 10.32 | -0.14 | 31.60 | -17.75 |
| 2020 (7) | -0.10 | 0 | 7.55 | -69.23 | -24.58 | 0 | 9.24 | 32.45 | -9.94 | 0 | -10.07 | 0 | -2.25 | 0 | -0.90 | 0 | 0.13 | -35.0 | 6.77 | 0 | 66.23 | -10.39 | 248.33 | 0 | -148.33 | 0 | 10.34 | -0.51 | 38.42 | 33.73 |
| 2019 (6) | -0.71 | 0 | 24.54 | 4.38 | 1.24 | 0 | 6.98 | 76.87 | -18.47 | 0 | -13.31 | 0 | -4.35 | 0 | -2.20 | 0 | 0.20 | -9.09 | -6.20 | 0 | 73.91 | 39.66 | -6.59 | 0 | 106.59 | -0.22 | 10.39 | -10.0 | 28.73 | 2.21 |
| 2018 (5) | 0.29 | 383.33 | 23.51 | -17.8 | -0.31 | 0 | 3.94 | -3.55 | 4.67 | 0 | 5.40 | 2900.0 | 1.80 | 2471.43 | 1.52 | 210.2 | 0.22 | -4.35 | 12.79 | 56.36 | 52.92 | -7.11 | -6.82 | 0 | 106.82 | 0 | 11.54 | -1.74 | 28.11 | -10.79 |
| 2017 (4) | 0.06 | 0 | 28.60 | -6.23 | -1.87 | 0 | 4.09 | 11.05 | -0.12 | 0 | 0.18 | 0 | 0.07 | 0 | 0.49 | 0 | 0.23 | -14.81 | 8.18 | 202.96 | 56.97 | -12.52 | 1900.00 | 6075.0 | -1800.00 | 0 | 11.75 | 0 | 31.51 | 12.78 |
| 2016 (3) | -0.36 | 0 | 30.50 | 5.9 | -1.63 | 0 | 3.68 | 14.32 | -5.34 | 0 | -5.57 | 0 | -2.48 | 0 | -0.95 | 0 | 0.27 | -6.9 | 2.70 | -75.07 | 65.12 | 2.62 | 30.77 | -74.88 | 69.23 | 0 | 0.00 | 0 | 27.94 | 11.67 |
| 2015 (2) | 0.20 | -50.0 | 28.80 | 23.87 | 3.61 | 36000.0 | 3.22 | -22.8 | 2.95 | -39.67 | 2.39 | -44.55 | 1.15 | -44.98 | 1.32 | -29.41 | 0.29 | -3.33 | 10.83 | -12.52 | 63.46 | -5.23 | 122.50 | 0 | -22.50 | 0 | 0.00 | 0 | 25.02 | 3.9 |
| 2014 (1) | 0.40 | 233.33 | 23.25 | 0 | 0.01 | 0 | 4.17 | -8.38 | 4.89 | 0 | 4.31 | 0 | 2.09 | 0 | 1.87 | 0 | 0.30 | -11.76 | 12.38 | 7.56 | 66.96 | 14.83 | 0.00 | 0 | 100.00 | -47.2 | 0.00 | 0 | 24.08 | 0.58 |
