- 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) | 0.11 | 0 | -73.17 | 45.13 | 11.24 | -15.74 | 6.79 | 335.76 | -69.48 | 6.38 | 274.32 | -73.25 | 4.62 | 215.21 | -75.91 | 0.40 | 233.33 | -80.2 | 0.37 | 364.29 | -77.02 | 0.06 | 20.0 | -25.0 | 23.68 | 52.97 | -35.76 | 65.48 | 75.13 | 123.79 | 108.33 | 30.0 | 14.47 | -8.33 | -150.0 | -216.67 | 37.17 | -10.35 | 23.94 |
| 24Q2 (19) | 0.00 | -100.0 | -100.0 | 40.57 | 31.85 | -15.53 | -2.88 | 64.09 | -119.97 | -3.66 | -124.78 | -124.24 | -4.01 | -128.54 | -134.42 | -0.30 | -131.25 | -129.7 | -0.14 | -117.72 | -116.67 | 0.05 | 0.0 | -28.57 | 15.48 | -56.65 | -50.0 | 37.39 | 6.77 | 19.92 | 83.33 | 259.72 | -10.71 | 16.67 | -89.05 | 400.0 | 41.46 | -6.33 | 20.63 |
| 24Q1 (18) | 0.21 | 275.0 | 5.0 | 30.77 | -4.29 | -27.19 | -8.02 | 42.51 | -185.5 | 14.77 | 205.88 | -13.17 | 14.05 | 218.27 | -5.89 | 0.96 | 226.32 | -25.58 | 0.79 | 258.0 | -24.76 | 0.05 | 0.0 | -28.57 | 35.71 | 328.69 | 6.0 | 35.02 | -3.05 | 33.97 | -52.17 | -152.17 | -192.75 | 152.17 | 0 | 247.83 | 44.26 | -8.12 | 18.85 |
| 23Q4 (17) | -0.12 | -129.27 | -180.0 | 32.15 | -39.97 | -28.82 | -13.95 | -162.7 | -222.48 | -13.95 | -158.49 | -231.98 | -11.88 | -161.94 | -242.11 | -0.76 | -137.62 | -196.2 | -0.50 | -131.06 | -176.92 | 0.05 | -37.5 | -28.57 | 8.33 | -77.4 | -68.64 | 36.12 | 23.44 | 0.44 | 100.00 | 5.66 | -9.09 | -0.00 | -100.0 | 100.0 | 48.17 | 60.62 | 37.55 |
| 23Q3 (16) | 0.41 | 95.24 | -60.19 | 53.56 | 11.51 | -18.28 | 22.25 | 54.3 | -47.89 | 23.85 | 57.95 | -47.11 | 19.18 | 64.64 | -47.54 | 2.02 | 100.0 | -65.11 | 1.61 | 91.67 | -61.94 | 0.08 | 14.29 | -27.27 | 36.86 | 19.06 | -32.17 | 29.26 | -6.16 | -22.14 | 94.64 | 1.4 | -0.38 | 7.14 | 114.29 | 42.86 | 29.99 | -12.74 | 41.06 |
| 23Q2 (15) | 0.21 | 5.0 | 133.33 | 48.03 | 13.65 | 7.02 | 14.42 | 53.73 | 81.61 | 15.10 | -11.23 | 119.48 | 11.65 | -21.97 | 144.75 | 1.01 | -21.71 | 165.79 | 0.84 | -20.0 | 147.06 | 0.07 | 0.0 | 16.67 | 30.96 | -8.1 | 13.03 | 31.18 | 19.28 | -23.41 | 93.33 | 65.93 | -14.44 | 3.33 | -92.38 | 118.33 | 34.37 | -7.71 | -8.64 |
| 23Q1 (14) | 0.20 | 33.33 | 81.82 | 42.26 | -6.44 | 0.67 | 9.38 | -17.65 | 10.61 | 17.01 | 60.93 | 101.78 | 14.93 | 78.59 | 128.99 | 1.29 | 63.29 | 126.32 | 1.05 | 61.54 | 123.4 | 0.07 | 0.0 | 16.67 | 33.69 | 26.84 | 26.18 | 26.14 | -27.31 | -28.42 | 56.25 | -48.86 | -43.75 | 43.75 | 537.5 | 0 | 37.24 | 6.34 | 3.44 |
| 22Q4 (13) | 0.15 | -85.44 | -51.61 | 45.17 | -31.08 | -7.95 | 11.39 | -73.33 | -38.8 | 10.57 | -76.56 | -41.95 | 8.36 | -77.13 | -51.68 | 0.79 | -86.36 | -53.53 | 0.65 | -84.63 | -50.76 | 0.07 | -36.36 | 0.0 | 26.56 | -51.12 | -22.27 | 35.96 | -4.31 | 6.26 | 110.00 | 15.79 | 7.03 | -10.00 | -300.0 | -260.0 | 35.02 | 64.72 | 14.56 |
| 22Q3 (12) | 1.03 | 1044.44 | 2475.0 | 65.54 | 46.03 | 114.81 | 42.70 | 437.78 | 403.91 | 45.09 | 555.38 | 2016.9 | 36.56 | 668.07 | 1546.85 | 5.79 | 1423.68 | 4725.0 | 4.23 | 1144.12 | 2921.43 | 0.11 | 83.33 | 175.0 | 54.34 | 98.39 | 85.4 | 37.58 | -7.69 | 15.84 | 95.00 | -12.92 | 111.87 | 5.00 | 127.5 | -99.47 | 21.26 | -43.49 | -56.83 |
| 22Q2 (11) | 0.09 | -18.18 | 137.5 | 44.88 | 6.91 | 134.48 | 7.94 | -6.37 | 123.92 | 6.88 | -18.39 | 123.33 | 4.76 | -26.99 | 116.7 | 0.38 | -33.33 | 127.14 | 0.34 | -27.66 | 132.69 | 0.06 | 0.0 | 50.0 | 27.39 | 2.58 | 2666.67 | 40.71 | 11.47 | 31.83 | 109.09 | 9.09 | -0.83 | -18.18 | 0 | -36.36 | 37.62 | 4.5 | -34.77 |
| 22Q1 (10) | 0.11 | -64.52 | 57.14 | 41.98 | -14.45 | 7.09 | 8.48 | -54.43 | 38.11 | 8.43 | -53.71 | 55.82 | 6.52 | -62.31 | 52.69 | 0.57 | -66.47 | 54.05 | 0.47 | -64.39 | 42.42 | 0.06 | -14.29 | -14.29 | 26.70 | -21.86 | 12.0 | 36.52 | 7.92 | 25.93 | 100.00 | -2.7 | -18.18 | 0.00 | 100.0 | 100.0 | 36.00 | 17.76 | -3.77 |
| 21Q4 (9) | 0.31 | 675.0 | 106.67 | 49.07 | 60.83 | 10.24 | 18.61 | 232.46 | 83.71 | 18.21 | 754.93 | 57.66 | 17.30 | 679.28 | 89.69 | 1.70 | 1316.67 | 102.38 | 1.32 | 842.86 | 94.12 | 0.07 | 75.0 | 0.0 | 34.17 | 16.58 | 15.4 | 33.84 | 4.32 | 11.65 | 102.78 | 112.85 | 19.91 | -2.78 | -100.29 | -119.44 | 30.57 | -37.93 | -11.08 |
| 21Q3 (8) | 0.04 | 116.67 | -94.59 | 30.51 | 59.4 | -48.93 | -14.05 | 57.67 | -140.43 | 2.13 | 107.22 | -93.86 | 2.22 | 107.79 | -92.56 | 0.12 | 108.57 | -97.3 | 0.14 | 113.46 | -95.77 | 0.04 | 0.0 | -63.64 | 29.31 | 2860.61 | -36.83 | 32.44 | 5.05 | -4.36 | -800.00 | -827.27 | -900.0 | 950.00 | 7225.0 | 0 | 49.25 | -14.6 | 105.98 |
| 21Q2 (7) | -0.24 | -442.86 | -1300.0 | 19.14 | -51.17 | -36.01 | -33.19 | -640.55 | -178.21 | -29.49 | -645.1 | -4501.49 | -28.50 | -767.45 | -4114.08 | -1.40 | -478.38 | -2900.0 | -1.04 | -415.15 | -1255.56 | 0.04 | -42.86 | -20.0 | 0.99 | -95.85 | -96.32 | 30.88 | 6.48 | -19.96 | 110.00 | -10.0 | 106.88 | -13.33 | -20.0 | -100.78 | 57.67 | 54.16 | 29.86 |
| 21Q1 (6) | 0.07 | -53.33 | 153.85 | 39.20 | -11.93 | 37.5 | 6.14 | -39.39 | 163.76 | 5.41 | -53.16 | 153.83 | 4.27 | -53.18 | 140.94 | 0.37 | -55.95 | 144.58 | 0.33 | -51.47 | 158.93 | 0.07 | 0.0 | 16.67 | 23.84 | -19.49 | 65.79 | 29.00 | -4.32 | -17.89 | 122.22 | 42.59 | 30.95 | -11.11 | -177.78 | -266.67 | 37.41 | 8.81 | -12.0 |
| 20Q4 (5) | 0.15 | -79.73 | 0 | 44.51 | -25.49 | 22.79 | 10.13 | -70.85 | 419.56 | 11.55 | -66.71 | 2987.5 | 9.12 | -69.45 | 2380.0 | 0.84 | -81.12 | 2200.0 | 0.68 | -79.46 | 2166.67 | 0.07 | -36.36 | 16.67 | 29.61 | -36.19 | 39.6 | 30.31 | -10.64 | -18.32 | 85.71 | -14.29 | -82.86 | 14.29 | 0 | 102.86 | 34.38 | 43.79 | -11.09 |
| 20Q3 (4) | 0.74 | 3600.0 | 0.0 | 59.74 | 99.73 | 0.0 | 34.75 | 391.28 | 0.0 | 34.70 | 5079.1 | 0.0 | 29.85 | 4104.23 | 0.0 | 4.45 | 8800.0 | 0.0 | 3.31 | 3577.78 | 0.0 | 0.11 | 120.0 | 0.0 | 46.40 | 72.68 | 0.0 | 33.92 | -12.08 | 0.0 | 100.00 | 106.25 | 0.0 | 0.00 | -100.0 | 0.0 | 23.91 | -46.16 | 0.0 |
| 20Q2 (3) | 0.02 | 115.38 | 0.0 | 29.91 | 4.91 | 0.0 | -11.93 | -23.88 | 0.0 | 0.67 | 106.67 | 0.0 | 0.71 | 106.81 | 0.0 | 0.05 | 106.02 | 0.0 | 0.09 | 116.07 | 0.0 | 0.05 | -16.67 | 0.0 | 26.87 | 86.86 | 0.0 | 38.58 | 9.23 | 0.0 | -1600.00 | -1814.29 | 0.0 | 1700.00 | 25400.0 | 0.0 | 44.41 | 4.47 | 0.0 |
| 20Q1 (2) | -0.13 | 0 | 0.0 | 28.51 | -21.35 | 0.0 | -9.63 | -203.79 | 0.0 | -10.05 | -2412.5 | 0.0 | -10.43 | -2507.5 | 0.0 | -0.83 | -1975.0 | 0.0 | -0.56 | -1966.67 | 0.0 | 0.06 | 0.0 | 0.0 | 14.38 | -32.2 | 0.0 | 35.32 | -4.82 | 0.0 | 93.33 | -81.33 | 0.0 | 6.67 | 101.33 | 0.0 | 42.51 | 9.93 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 36.25 | 0.0 | 0.0 | -3.17 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | -0.04 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 21.21 | 0.0 | 0.0 | 37.11 | 0.0 | 0.0 | 500.00 | 0.0 | 0.0 | -500.00 | 0.0 | 0.0 | 38.67 | 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 | -50.0 | 45.34 | -12.86 | 10.27 | -52.85 | 9.67 | 12.32 | 12.81 | -42.5 | 10.35 | -41.82 | 3.69 | -49.59 | 2.96 | -47.98 | 0.26 | -16.13 | 29.02 | -21.74 | 36.12 | 0.44 | 80.61 | -17.62 | 19.39 | 801.53 | 7.49 | -17.81 | 36.32 | 18.73 |
| 2022 (9) | 1.38 | 666.67 | 52.03 | 39.23 | 21.78 | 0 | 8.61 | -29.67 | 22.28 | 618.71 | 17.79 | 573.86 | 7.32 | 838.46 | 5.69 | 648.68 | 0.31 | 40.91 | 37.08 | 51.41 | 35.96 | 6.26 | 97.85 | 0 | 2.15 | -98.06 | 9.12 | -16.14 | 30.59 | -25.23 |
| 2021 (8) | 0.18 | -77.22 | 37.37 | -15.91 | -0.39 | 0 | 12.24 | 14.23 | 3.10 | -77.9 | 2.64 | -77.12 | 0.78 | -82.51 | 0.76 | -78.47 | 0.22 | -24.14 | 24.49 | -24.48 | 33.84 | 11.65 | -11.11 | 0 | 111.11 | 502.34 | 10.87 | -17.55 | 40.91 | 20.82 |
| 2020 (7) | 0.79 | 119.44 | 44.44 | 11.38 | 11.50 | 163.76 | 10.72 | -2.75 | 14.03 | 163.72 | 11.54 | 140.42 | 4.46 | 127.55 | 3.53 | 116.56 | 0.29 | -3.33 | 32.43 | 32.69 | 30.31 | -18.32 | 82.52 | 0.03 | 18.45 | 5.41 | 13.19 | -13.68 | 33.86 | -6.2 |
| 2019 (6) | 0.36 | 89.47 | 39.90 | 15.99 | 4.36 | 0 | 11.02 | 42.02 | 5.32 | 39.63 | 4.80 | 60.54 | 1.96 | 75.0 | 1.63 | 69.79 | 0.30 | 3.45 | 24.44 | 13.73 | 37.11 | 0.3 | 82.50 | 0 | 17.50 | -87.36 | 15.28 | -11.06 | 36.10 | -1.69 |
| 2018 (5) | 0.19 | -78.41 | 34.40 | -33.16 | -1.60 | 0 | 7.76 | 131.42 | 3.81 | -78.72 | 2.99 | -79.15 | 1.12 | -79.45 | 0.96 | -79.49 | 0.29 | -12.12 | 21.49 | -30.57 | 37.00 | 80.66 | -42.31 | 0 | 138.46 | 5300.0 | 17.17 | 0 | 36.72 | 21.35 |
| 2017 (4) | 0.88 | -35.77 | 51.47 | -6.32 | 17.41 | -25.09 | 3.35 | 10.98 | 17.90 | -24.34 | 14.34 | -25.51 | 5.45 | -35.96 | 4.68 | -37.77 | 0.33 | -15.38 | 30.95 | -12.67 | 20.48 | 60.63 | 97.44 | -0.83 | 2.56 | 47.01 | 0.00 | 0 | 30.26 | 9.05 |
| 2016 (3) | 1.37 | -19.41 | 54.94 | -3.98 | 23.24 | -13.61 | 3.02 | -7.07 | 23.66 | -13.4 | 19.25 | -12.62 | 8.51 | -19.49 | 7.52 | -18.79 | 0.39 | -7.14 | 35.44 | -9.17 | 12.75 | -7.34 | 98.26 | 0.24 | 1.74 | 17.44 | 0.00 | 0 | 27.75 | 8.74 |
| 2015 (2) | 1.70 | -11.92 | 57.22 | -1.94 | 26.90 | -8.1 | 3.25 | -7.12 | 27.32 | -7.36 | 22.03 | -8.63 | 10.57 | -12.35 | 9.26 | -12.31 | 0.42 | -4.55 | 39.02 | -4.92 | 13.76 | -5.04 | 98.02 | -1.04 | 1.49 | 56.68 | 0.00 | 0 | 25.52 | 5.89 |
| 2014 (1) | 1.93 | 15.57 | 58.35 | 0 | 29.27 | 0 | 3.50 | -7.14 | 29.49 | 0 | 24.11 | 0 | 12.06 | 0 | 10.56 | 0 | 0.44 | 0.0 | 41.04 | 11.07 | 14.49 | 4.47 | 99.05 | 1.98 | 0.95 | -72.51 | 0.00 | 0 | 24.10 | -1.71 |
