- 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) | 0.03 | 112.0 | -25.0 | 59.05 | 78.99 | 6.09 | 52.55 | 5750.54 | 5.8 | 33.95 | 475.55 | -2.08 | 2.11 | 103.64 | -13.17 | 0.11 | 112.79 | -31.25 | 0.37 | 1333.33 | -2.63 | 0.02 | 100.0 | -33.33 | 54.32 | -7.52 | 11.06 | 158.38 | 12.44 | 26.19 | 154.69 | 1424.84 | 7.97 | -54.80 | -160.99 | -26.65 | 4.07 | -64.49 | -6.44 |
| 24Q2 (19) | -0.25 | -167.57 | -25.0 | 32.99 | -45.57 | -26.51 | -0.93 | -101.65 | -102.04 | -9.04 | -119.03 | -144.99 | -57.90 | -472.83 | -7.54 | -0.86 | -167.19 | -21.13 | -0.03 | -103.53 | 62.5 | 0.01 | -66.67 | 0.0 | 58.74 | -1.54 | 19.32 | 140.86 | 1.84 | 3.92 | 10.14 | -91.45 | 100.82 | 89.86 | 581.82 | -93.28 | 11.46 | 253.7 | -12.39 |
| 24Q1 (18) | 0.37 | 37.04 | 68.18 | 60.61 | 1.56 | 15.76 | 56.36 | 10.34 | 21.1 | 47.50 | 14.43 | 5.77 | 15.53 | 44.33 | 49.33 | 1.28 | 39.13 | 72.97 | 0.85 | 16.44 | 63.46 | 0.03 | -25.0 | 0.0 | 59.66 | 11.64 | 13.72 | 138.32 | -3.08 | 15.02 | 118.65 | -3.6 | 14.49 | -18.65 | 18.99 | -413.64 | 3.24 | 264.04 | -20.0 |
| 23Q4 (17) | 0.27 | 575.0 | 775.0 | 59.68 | 7.22 | 6.53 | 51.08 | 2.84 | 1438.55 | 41.51 | 19.73 | 822.44 | 10.76 | 342.8 | 404.82 | 0.92 | 475.0 | 713.33 | 0.73 | 92.11 | 461.54 | 0.04 | 33.33 | 100.0 | 53.44 | 9.26 | 192.02 | 142.71 | 13.7 | 16.49 | 123.08 | -14.1 | 66.41 | -23.02 | 46.8 | -188.4 | 0.89 | -79.54 | -76.88 |
| 23Q3 (16) | 0.04 | 120.0 | 116.67 | 55.66 | 23.99 | 10.37 | 49.67 | 8.71 | 42.94 | 34.67 | 1039.57 | 158.08 | 2.43 | 104.51 | 103.41 | 0.16 | 122.54 | 119.28 | 0.38 | 575.0 | 240.74 | 0.03 | 200.0 | 200.0 | 48.91 | -0.65 | 252.13 | 125.51 | -7.41 | -2.24 | 143.27 | 111.58 | 346.9 | -43.27 | -103.24 | -127.38 | 4.35 | -66.74 | -62.21 |
| 23Q2 (15) | -0.20 | -190.91 | 0.0 | 44.89 | -14.27 | -3.94 | 45.69 | -1.83 | 142.86 | -3.69 | -108.22 | 97.64 | -53.84 | -617.69 | 50.4 | -0.71 | -195.95 | -9.23 | -0.08 | -115.38 | 66.67 | 0.01 | -66.67 | 0 | 49.23 | -6.16 | 141.83 | 135.55 | 12.71 | 25.57 | -1237.50 | -1294.14 | -1916.68 | 1337.50 | 36937.92 | 4095.26 | 13.08 | 222.96 | -36.93 |
| 23Q1 (14) | 0.22 | 650.0 | -73.49 | 52.36 | -6.53 | -15.52 | 46.54 | 1301.81 | -18.02 | 44.91 | 898.0 | -20.86 | 10.40 | 394.62 | -55.48 | 0.74 | 593.33 | -72.08 | 0.52 | 300.0 | -62.04 | 0.03 | 50.0 | -50.0 | 52.46 | 186.67 | -10.71 | 120.26 | -1.84 | 19.75 | 103.63 | 40.12 | 3.57 | -3.63 | -113.94 | -12607.69 | 4.05 | 5.19 | 7.71 |
| 22Q4 (13) | -0.04 | 83.33 | -300.0 | 56.02 | 11.08 | 10.17 | 3.32 | -90.45 | -87.04 | 4.50 | 107.54 | -48.63 | -3.53 | 95.04 | -50.85 | -0.15 | 81.93 | -200.0 | 0.13 | 148.15 | 116.67 | 0.02 | 100.0 | 100.0 | 18.30 | 156.92 | -13.64 | 122.51 | -4.57 | 10.59 | 73.96 | 227.45 | -74.7 | 26.04 | -83.52 | 113.54 | 3.85 | -66.55 | -35.51 |
| 22Q3 (12) | -0.24 | -20.0 | -200.0 | 50.43 | 7.92 | -9.69 | 34.75 | 132.6 | -17.93 | -59.69 | 61.88 | -986.92 | -71.17 | 34.44 | -496.06 | -0.83 | -27.69 | -207.41 | -0.27 | -12.5 | -575.0 | 0.01 | 0 | 0.0 | -32.15 | 72.68 | -271.65 | 128.38 | 18.93 | 6.46 | -58.03 | -185.19 | -109.18 | 158.03 | 395.68 | 129.7 | 11.51 | -44.5 | 62.8 |
| 22Q2 (11) | -0.20 | -124.1 | -160.61 | 46.73 | -24.6 | -18.1 | -106.60 | -287.78 | -373.68 | -156.59 | -375.93 | -363.71 | -108.55 | -564.68 | -340.95 | -0.65 | -124.53 | -161.32 | -0.24 | -117.52 | -142.86 | 0.00 | -100.0 | -100.0 | -117.70 | -300.34 | -269.72 | 107.95 | 7.49 | -11.25 | 68.12 | -31.92 | 3.92 | 31.88 | 111684.16 | -7.46 | 20.74 | 451.6 | 237.24 |
| 22Q1 (10) | 0.83 | 8400.0 | 88.64 | 61.98 | 21.89 | 7.89 | 56.77 | 121.67 | 32.3 | 56.75 | 547.83 | -27.26 | 23.36 | 1098.29 | -59.11 | 2.65 | 5400.0 | 86.62 | 1.37 | 2183.33 | 87.67 | 0.06 | 500.0 | 500.0 | 58.75 | 177.25 | -33.37 | 100.43 | -9.34 | -14.57 | 100.06 | -65.77 | 82.08 | -0.03 | 99.99 | -100.06 | 3.76 | -37.02 | -56.43 |
| 21Q4 (9) | -0.01 | 87.5 | -103.45 | 50.85 | -8.94 | 32.7 | 25.61 | -39.51 | 66.08 | 8.76 | 30.16 | -74.31 | -2.34 | 80.4 | -109.23 | -0.05 | 81.48 | -105.32 | 0.06 | 250.0 | -88.24 | 0.01 | 0.0 | -50.0 | 21.19 | 13.13 | -49.64 | 110.78 | -8.14 | -3.79 | 292.31 | -53.75 | 545.59 | -192.31 | 63.86 | -450.46 | 5.97 | -15.56 | 13.07 |
| 21Q3 (8) | -0.08 | -124.24 | -112.31 | 55.84 | -2.14 | 27.75 | 42.34 | 8.7 | 55.43 | 6.73 | -88.67 | -77.08 | -11.94 | -126.5 | -172.06 | -0.27 | -125.47 | -112.0 | -0.04 | -107.14 | -103.92 | 0.01 | 0.0 | -83.33 | 18.73 | -72.99 | -41.51 | 120.59 | -0.86 | -11.29 | 632.05 | 864.23 | 581.43 | -532.05 | -1644.4 | -7442.31 | 7.07 | 14.96 | 262.56 |
| 21Q2 (7) | 0.33 | -25.0 | 3400.0 | 57.06 | -0.68 | 70.99 | 38.95 | -9.23 | 126.98 | 59.38 | -23.89 | 796.98 | 45.05 | -21.14 | 6445.07 | 1.06 | -25.35 | 2220.0 | 0.56 | -23.29 | 409.09 | 0.01 | 0.0 | -66.67 | 69.35 | -21.35 | 428.99 | 121.63 | 3.46 | -21.36 | 65.55 | 19.28 | -74.68 | 34.45 | -23.36 | 121.68 | 6.15 | -28.74 | 0 |
| 21Q1 (6) | 0.44 | 51.72 | 283.33 | 57.45 | 49.92 | 5.84 | 42.91 | 178.27 | -8.27 | 78.02 | 128.8 | 543.8 | 57.13 | 125.36 | 256.35 | 1.42 | 51.06 | 277.5 | 0.73 | 43.14 | 505.56 | 0.01 | -50.0 | 0.0 | 88.18 | 109.55 | 1319.97 | 117.56 | 2.1 | -17.19 | 54.95 | 21.37 | 120.65 | 44.95 | -18.08 | -87.71 | 8.63 | 63.45 | 50.35 |
| 20Q4 (5) | 0.29 | -55.38 | 160.42 | 38.32 | -12.33 | -21.07 | 15.42 | -43.39 | 110.31 | 34.10 | 16.14 | 122.52 | 25.35 | 52.99 | 141.82 | 0.94 | -58.22 | 169.12 | 0.51 | -50.0 | 215.91 | 0.02 | -66.67 | 100.0 | 42.08 | 31.42 | 132.3 | 115.14 | -15.3 | -8.2 | 45.28 | -51.19 | -54.13 | 54.87 | 657.24 | 4344.68 | 5.28 | 170.77 | 203.94 |
| 20Q3 (4) | 0.65 | 6600.0 | 0.0 | 43.71 | 30.99 | 0.0 | 27.24 | 58.74 | 0.0 | 29.36 | 343.5 | 0.0 | 16.57 | 2433.8 | 0.0 | 2.25 | 4600.0 | 0.0 | 1.02 | 827.27 | 0.0 | 0.06 | 100.0 | 0.0 | 32.02 | 144.24 | 0.0 | 135.94 | -12.11 | 0.0 | 92.75 | -64.17 | 0.0 | 7.25 | 104.56 | 0.0 | 1.95 | 0 | 0.0 |
| 20Q2 (3) | -0.01 | 95.83 | 0.0 | 33.37 | -38.52 | 0.0 | 17.16 | -63.32 | 0.0 | 6.62 | 137.66 | 0.0 | -0.71 | 98.06 | 0.0 | -0.05 | 93.75 | 0.0 | 0.11 | 161.11 | 0.0 | 0.03 | 200.0 | 0.0 | 13.11 | 111.11 | 0.0 | 154.67 | 8.95 | 0.0 | 258.87 | 197.26 | 0.0 | -158.87 | -143.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.24 | 50.0 | 0.0 | 54.28 | 11.8 | 0.0 | 46.78 | 131.29 | 0.0 | -17.58 | 88.39 | 0.0 | -36.54 | 39.71 | 0.0 | -0.80 | 41.18 | 0.0 | -0.18 | 59.09 | 0.0 | 0.01 | 0.0 | 0.0 | 6.21 | 104.77 | 0.0 | 141.96 | 13.19 | 0.0 | -266.18 | -369.63 | 0.0 | 365.69 | 29520.59 | 0.0 | 5.74 | 212.99 | 0.0 |
| 19Q4 (1) | -0.48 | 0.0 | 0.0 | 48.55 | 0.0 | 0.0 | -149.50 | 0.0 | 0.0 | -151.41 | 0.0 | 0.0 | -60.61 | 0.0 | 0.0 | -1.36 | 0.0 | 0.0 | -0.44 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -130.27 | 0.0 | 0.0 | 125.42 | 0.0 | 0.0 | 98.72 | 0.0 | 0.0 | 1.23 | 0.0 | 0.0 | -5.08 | 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) | 0.32 | -5.88 | 55.52 | -6.41 | 49.00 | 31.54 | 0.57 | -16.41 | 38.20 | 28.71 | 4.82 | -25.04 | 1.13 | -1.74 | 1.52 | 53.54 | 0.10 | 25.0 | 51.67 | 38.34 | 142.71 | 16.49 | 128.25 | 2.19 | -28.25 | 0 | 0.00 | 0 | 3.48 | -28.54 |
| 2022 (9) | 0.34 | -49.25 | 59.32 | 6.83 | 37.25 | -1.97 | 0.68 | -53.79 | 29.68 | -27.43 | 6.43 | -73.63 | 1.15 | -47.49 | 0.99 | -26.67 | 0.08 | 100.0 | 37.35 | -28.1 | 122.51 | 10.59 | 125.50 | 35.13 | -25.50 | 0 | 0.00 | 0 | 4.87 | -30.73 |
| 2021 (8) | 0.67 | -1.47 | 55.53 | 34.95 | 38.00 | 54.6 | 1.48 | 164.51 | 40.90 | 103.58 | 24.38 | 177.99 | 2.19 | 1.39 | 1.35 | -9.4 | 0.04 | -63.64 | 51.95 | 97.3 | 110.78 | -3.79 | 92.88 | -24.1 | 7.07 | 0 | 0.00 | 0 | 7.03 | 158.46 |
| 2020 (7) | 0.68 | -85.59 | 41.15 | -17.22 | 24.58 | 0 | 0.56 | -56.08 | 20.09 | 0 | 8.77 | -93.87 | 2.16 | 173.42 | 1.49 | 52.04 | 0.11 | 120.0 | 26.33 | 122.76 | 115.14 | -8.2 | 122.37 | -32.5 | -22.37 | 0 | 0.00 | 0 | 2.72 | -71.22 |
| 2019 (6) | 4.72 | 402.13 | 49.71 | -13.86 | -11.32 | 0 | 1.27 | 2.52 | -6.24 | 0 | 143.16 | 507.38 | 0.79 | -74.76 | 0.98 | -50.75 | 0.05 | -16.67 | 11.82 | -80.1 | 125.42 | -0.94 | 181.28 | 38.02 | -81.28 | 0 | 0.00 | 0 | 9.45 | 136.84 |
| 2018 (5) | 0.94 | 1075.0 | 57.71 | -9.39 | 60.22 | 14.62 | 1.24 | -35.02 | 45.85 | 103.87 | 23.57 | 523.54 | 3.13 | 794.29 | 1.99 | 176.39 | 0.06 | 50.0 | 59.39 | 48.88 | 126.61 | 10.12 | 131.35 | -43.8 | -31.35 | 0 | 0.00 | 0 | 3.99 | -40.45 |
| 2017 (4) | 0.08 | -94.2 | 63.69 | 13.11 | 52.54 | -21.44 | 1.91 | 39.57 | 22.49 | -62.7 | 3.78 | -88.45 | 0.35 | -92.01 | 0.72 | -72.83 | 0.04 | -33.33 | 39.89 | -45.74 | 114.97 | 3.21 | 233.72 | 110.69 | -133.63 | 0 | 0.00 | 0 | 6.70 | 13.95 |
| 2016 (3) | 1.38 | -31.0 | 56.31 | 22.23 | 66.88 | 2.92 | 1.37 | 29.61 | 60.29 | 1.67 | 32.74 | 13.44 | 4.38 | -32.3 | 2.65 | -26.8 | 0.06 | -45.45 | 73.51 | 9.24 | 111.39 | -2.6 | 110.93 | 1.25 | -10.93 | 0 | 0.00 | 0 | 5.88 | 57.22 |
| 2015 (2) | 2.00 | 19.76 | 46.07 | -10.92 | 64.98 | -36.81 | 1.06 | -29.42 | 59.30 | -35.68 | 28.86 | -28.92 | 6.47 | 12.33 | 3.62 | 4.32 | 0.11 | 57.14 | 67.29 | -36.99 | 114.36 | 2.11 | 109.56 | -1.76 | -9.56 | 0 | 0.00 | 0 | 3.74 | -23.52 |
| 2014 (1) | 1.67 | -7.73 | 51.72 | 0 | 102.83 | 0 | 1.50 | 66.06 | 92.20 | 0 | 40.60 | 0 | 5.76 | 0 | 3.47 | 0 | 0.07 | -30.0 | 106.80 | 72.37 | 112.00 | 5.59 | 111.53 | -5.61 | -11.53 | 0 | 0.00 | 0 | 4.89 | 43.4 |
