- 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) | 0.49 | 44.12 | 6.52 | 36.50 | 14.67 | 50.45 | 20.09 | 62.02 | 145.0 | 18.30 | 12.27 | 26.03 | 16.42 | 24.58 | 13.09 | 3.29 | 43.04 | -1.5 | 2.18 | 37.97 | 4.31 | 0.12 | 9.09 | -7.69 | 23.79 | 6.44 | 18.3 | 59.75 | -7.29 | -18.35 | 109.89 | 44.49 | 94.81 | -9.89 | -141.31 | -122.69 | 22.99 | -8.19 | 8.14 |
| 24Q2 (19) | 0.34 | -42.37 | 70.0 | 31.83 | -18.41 | 56.8 | 12.40 | -36.73 | 172.53 | 16.30 | -43.54 | 75.65 | 13.18 | -49.27 | 99.39 | 2.30 | -41.77 | 59.72 | 1.58 | -38.52 | 54.9 | 0.11 | 22.22 | -8.33 | 22.35 | -37.71 | 46.27 | 64.45 | 12.36 | -20.99 | 76.06 | 12.03 | 52.11 | 23.94 | -25.43 | -52.11 | 25.04 | -7.09 | 19.98 |
| 24Q1 (18) | 0.59 | 34.09 | 837.5 | 39.01 | -18.64 | 164.12 | 19.60 | -31.59 | 19500.0 | 28.87 | 99.38 | 4632.79 | 25.98 | 68.16 | 1051.65 | 3.95 | 29.93 | 845.28 | 2.57 | 31.79 | 2955.56 | 0.09 | -25.0 | -18.18 | 35.88 | 75.71 | 401.12 | 57.36 | -17.28 | -22.75 | 67.89 | -65.56 | 0 | 32.11 | 133.07 | -51.83 | 26.95 | -0.44 | 22.44 |
| 23Q4 (17) | 0.44 | -4.35 | 4500.0 | 47.95 | 97.65 | 120.16 | 28.65 | 249.39 | 425.69 | 14.48 | -0.28 | 2916.67 | 15.45 | 6.4 | 4061.54 | 3.04 | -8.98 | 3140.0 | 1.95 | -6.7 | 1200.0 | 0.12 | -7.69 | -7.69 | 20.42 | 1.54 | 273.31 | 69.34 | -5.25 | -14.82 | 197.10 | 249.41 | -82.61 | -97.10 | -322.76 | 90.6 | 27.07 | 27.33 | 39.46 |
| 23Q3 (16) | 0.46 | 130.0 | -48.89 | 24.26 | 19.51 | -12.48 | 8.20 | 80.22 | -41.26 | 14.52 | 56.47 | -33.27 | 14.52 | 119.67 | -31.41 | 3.34 | 131.94 | -48.14 | 2.09 | 104.9 | -36.28 | 0.13 | 8.33 | -13.33 | 20.11 | 31.61 | -23.59 | 73.18 | -10.29 | -26.71 | 56.41 | 12.82 | -12.31 | 43.59 | -12.82 | 22.21 | 21.26 | 1.87 | 34.22 |
| 23Q2 (15) | 0.20 | 350.0 | -81.31 | 20.30 | 37.44 | -29.1 | 4.55 | 4450.0 | -68.92 | 9.28 | 1421.31 | -53.58 | 6.61 | 342.12 | -69.84 | 1.44 | 371.7 | -82.33 | 1.02 | 1233.33 | -73.37 | 0.12 | 9.09 | -29.41 | 15.28 | 113.41 | -36.01 | 81.57 | 9.86 | -32.14 | 50.00 | 0 | -31.4 | 50.00 | -25.0 | 88.64 | 20.87 | -5.18 | 34.91 |
| 23Q1 (14) | -0.08 | -700.0 | -112.31 | 14.77 | -32.19 | -33.38 | 0.10 | -98.17 | -99.05 | 0.61 | 27.08 | -95.88 | -2.73 | -600.0 | -118.98 | -0.53 | -430.0 | -109.94 | -0.09 | -160.0 | -103.61 | 0.11 | -15.38 | -31.25 | 7.16 | 30.9 | -62.3 | 74.25 | -8.78 | -43.0 | 0.00 | -100.0 | -100.0 | 66.67 | 106.45 | 130.3 | 22.01 | 13.4 | 51.79 |
| 22Q4 (13) | -0.01 | -101.11 | -109.09 | 21.78 | -21.43 | -13.12 | 5.45 | -60.96 | -1.27 | 0.48 | -97.79 | -77.14 | -0.39 | -101.84 | -115.18 | -0.10 | -101.55 | -110.75 | 0.15 | -95.43 | -75.41 | 0.13 | -13.33 | -13.33 | 5.47 | -79.22 | -19.44 | 81.40 | -18.48 | -40.34 | 1133.33 | 1661.72 | 314.63 | -1033.33 | -2997.02 | -520.0 | 19.41 | 22.54 | 16.58 |
| 22Q3 (12) | 0.90 | -15.89 | 233.33 | 27.72 | -3.18 | 5.64 | 13.96 | -4.64 | 9.58 | 21.76 | 8.85 | 91.21 | 21.17 | -3.42 | 87.35 | 6.44 | -20.98 | 44.07 | 3.28 | -14.36 | 64.0 | 0.15 | -11.76 | -6.25 | 26.32 | 10.22 | 64.6 | 99.85 | -16.94 | -31.47 | 64.33 | -11.74 | -42.1 | 35.67 | 34.57 | 391.84 | 15.84 | 2.39 | 8.34 |
| 22Q2 (11) | 1.07 | 64.62 | 234.38 | 28.63 | 29.14 | 27.24 | 14.64 | 39.3 | 69.25 | 19.99 | 35.16 | 575.34 | 21.92 | 52.43 | 93.13 | 8.15 | 52.91 | 48.45 | 3.83 | 53.82 | 67.25 | 0.17 | 6.25 | -5.56 | 23.88 | 25.75 | 252.73 | 120.21 | -7.72 | -24.93 | 72.89 | 2.59 | -75.09 | 26.51 | -8.43 | 113.76 | 15.47 | 6.69 | 24.46 |
| 22Q1 (10) | 0.65 | 490.91 | -64.67 | 22.17 | -11.57 | -9.18 | 10.51 | 90.4 | -18.21 | 14.79 | 604.29 | -84.17 | 14.38 | 459.53 | -81.91 | 5.33 | 473.12 | -86.24 | 2.49 | 308.2 | -71.99 | 0.16 | 6.67 | 45.45 | 18.99 | 179.68 | -80.7 | 130.26 | -4.52 | -21.21 | 71.05 | -74.01 | 414.95 | 28.95 | 117.37 | -66.42 | 14.50 | -12.91 | -2.23 |
| 21Q4 (9) | 0.11 | -59.26 | -8.33 | 25.07 | -4.46 | 20.01 | 5.52 | -56.67 | -25.1 | 2.10 | -81.55 | 10.53 | 2.57 | -77.26 | -54.35 | 0.93 | -79.19 | -71.73 | 0.61 | -69.5 | -18.67 | 0.15 | -6.25 | 87.5 | 6.79 | -57.54 | -35.02 | 136.43 | -6.36 | -77.53 | 273.33 | 146.0 | -27.8 | -166.67 | -1263.64 | 40.17 | 16.65 | 13.89 | 2.4 |
| 21Q3 (8) | 0.27 | -15.62 | 575.0 | 26.24 | 16.62 | 40.92 | 12.74 | 47.28 | 223.35 | 11.38 | 284.46 | 212.64 | 11.30 | -0.44 | 473.6 | 4.47 | -18.58 | 342.57 | 2.00 | -12.66 | 365.12 | 0.16 | -11.11 | 128.57 | 15.99 | 136.19 | -21.46 | 145.70 | -9.01 | -76.18 | 111.11 | -62.03 | 1.85 | -12.22 | 93.65 | -34.44 | 14.62 | 17.62 | -10.03 |
| 21Q2 (7) | 0.32 | -82.61 | 313.33 | 22.50 | -7.82 | 39.84 | 8.65 | -32.68 | 84.83 | 2.96 | -96.83 | 147.67 | 11.35 | -85.73 | 222.44 | 5.49 | -85.83 | 233.25 | 2.29 | -74.24 | 917.86 | 0.18 | 63.64 | 200.0 | 6.77 | -93.12 | -49.02 | 160.13 | -3.15 | -74.47 | 292.59 | 2020.54 | 497.93 | -192.59 | -323.42 | -210.99 | 12.43 | -16.18 | 0 |
| 21Q1 (6) | 1.84 | 1433.33 | 4500.0 | 24.41 | 16.85 | 41.02 | 12.85 | 74.36 | 337.07 | 93.42 | 4816.84 | 1665.97 | 79.51 | 1312.26 | 2958.08 | 38.74 | 1077.51 | 3298.25 | 8.89 | 1085.33 | 1832.61 | 0.11 | 37.5 | 83.33 | 98.40 | 841.63 | 297.25 | 165.33 | -72.77 | -72.31 | 13.80 | -96.36 | -74.99 | 86.20 | 130.94 | 92.3 | 14.83 | -8.79 | 0 |
| 20Q4 (5) | 0.12 | 200.0 | 400.0 | 20.89 | 12.19 | -17.95 | 7.37 | 87.06 | -32.39 | 1.90 | -47.8 | 472.55 | 5.63 | 185.79 | 382.91 | 3.29 | 225.74 | 404.63 | 0.75 | 74.42 | 400.0 | 0.08 | 14.29 | 0.0 | 10.45 | -48.67 | -34.19 | 607.26 | -0.7 | -3.04 | 378.57 | 247.02 | 115.56 | -278.57 | -2964.29 | -110.85 | 16.26 | 0.06 | -3.39 |
| 20Q3 (4) | 0.04 | 126.67 | 0.0 | 18.62 | 15.72 | 0.0 | 3.94 | -15.81 | 0.0 | 3.64 | 158.62 | 0.0 | 1.97 | 121.25 | 0.0 | 1.01 | 124.51 | 0.0 | 0.43 | 253.57 | 0.0 | 0.07 | 16.67 | 0.0 | 20.36 | 53.31 | 0.0 | 611.57 | -2.5 | 0.0 | 109.09 | 248.36 | 0.0 | -9.09 | -105.24 | 0.0 | 16.25 | 0 | 0.0 |
| 20Q2 (3) | -0.15 | -475.0 | 0.0 | 16.09 | -7.05 | 0.0 | 4.68 | 59.18 | 0.0 | -6.21 | -217.39 | 0.0 | -9.27 | -456.54 | 0.0 | -4.12 | -461.4 | 0.0 | -0.28 | -160.87 | 0.0 | 0.06 | 0.0 | 0.0 | 13.28 | -46.39 | 0.0 | 627.26 | 5.04 | 0.0 | -73.53 | -233.27 | 0.0 | 173.53 | 287.1 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | 200.0 | 0.0 | 17.31 | -32.01 | 0.0 | 2.94 | -73.03 | 0.0 | 5.29 | 1137.25 | 0.0 | 2.60 | 230.65 | 0.0 | 1.14 | 205.56 | 0.0 | 0.46 | 206.67 | 0.0 | 0.06 | -25.0 | 0.0 | 24.77 | 55.98 | 0.0 | 597.14 | -4.65 | 0.0 | 55.17 | 102.27 | 0.0 | 44.83 | -98.25 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.04 | 0.0 | 0.0 | 25.46 | 0.0 | 0.0 | 10.90 | 0.0 | 0.0 | -0.51 | 0.0 | 0.0 | -1.99 | 0.0 | 0.0 | -1.08 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 15.88 | 0.0 | 0.0 | 626.27 | 0.0 | 0.0 | -2433.33 | 0.0 | 0.0 | 2566.67 | 0.0 | 0.0 | 16.83 | 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) | 1.03 | -60.69 | 26.60 | 5.3 | 10.18 | -11.09 | 3.84 | 43.26 | 9.86 | -34.0 | 8.61 | -42.79 | 7.07 | -64.38 | 4.82 | -54.01 | 0.47 | -26.56 | 15.81 | -18.13 | 69.34 | -14.82 | 103.03 | 34.52 | -3.54 | 0 | 0.00 | 0 | 22.71 | 40.71 |
| 2022 (9) | 2.62 | -44.96 | 25.26 | 3.27 | 11.45 | 15.31 | 2.68 | -3.86 | 14.94 | -42.89 | 15.05 | -40.7 | 19.85 | -59.82 | 10.48 | -16.36 | 0.64 | 36.17 | 19.31 | -36.98 | 81.40 | -40.34 | 76.59 | 101.75 | 23.41 | -62.27 | 0.00 | 0 | 16.14 | 11.23 |
| 2021 (8) | 4.76 | 9420.0 | 24.46 | 32.72 | 9.93 | 102.65 | 2.79 | -72.81 | 26.16 | 1927.91 | 25.38 | 3632.35 | 49.40 | 3614.29 | 12.53 | 849.24 | 0.47 | 74.07 | 30.64 | 82.06 | 136.43 | -77.53 | 37.96 | -90.03 | 62.04 | 0 | 0.00 | 0 | 14.51 | -15.64 |
| 2020 (7) | 0.05 | 0 | 18.43 | -5.2 | 4.90 | -15.37 | 10.26 | -18.63 | 1.29 | 0 | 0.68 | 0 | 1.33 | 0 | 1.32 | 0 | 0.27 | -6.9 | 16.83 | 28.67 | 607.26 | -3.04 | 380.65 | 0 | -280.65 | 0 | 0.00 | 0 | 17.20 | 0.41 |
| 2019 (6) | -0.52 | 0 | 19.44 | -0.61 | 5.79 | -8.39 | 12.60 | 0.43 | -5.04 | 0 | -6.73 | 0 | -12.81 | 0 | -0.69 | 0 | 0.29 | 3.57 | 13.08 | -17.89 | 626.27 | 22.25 | -114.96 | 0 | 214.17 | -52.65 | 0.00 | 0 | 17.13 | 0.41 |
| 2018 (5) | -0.32 | 0 | 19.56 | -21.26 | 6.32 | -45.89 | 12.55 | -8.5 | -1.78 | 0 | -4.24 | 0 | -7.10 | 0 | -0.05 | 0 | 0.28 | 16.67 | 15.93 | 0.44 | 512.27 | 2.28 | -352.27 | 0 | 452.27 | 9.6 | 0.00 | 0 | 17.06 | -2.35 |
| 2017 (4) | -0.66 | 0 | 24.84 | 53.62 | 11.68 | 206.56 | 13.72 | 2.2 | -3.71 | 0 | -9.15 | 0 | -13.11 | 0 | -1.07 | 0 | 0.24 | -4.0 | 15.86 | 10.75 | 500.84 | 3.91 | -313.79 | 0 | 412.64 | 128.85 | 0.00 | 0 | 17.47 | 7.51 |
| 2016 (3) | -0.84 | 0 | 16.17 | -20.81 | 3.81 | -59.85 | 13.42 | 32.06 | -4.79 | 0 | -10.31 | 0 | -14.64 | 0 | -1.43 | 0 | 0.25 | -16.67 | 14.32 | -40.58 | 482.01 | 6.58 | -79.53 | 0 | 180.31 | 0 | 0.00 | 0 | 16.25 | 15.99 |
| 2015 (2) | 0.94 | -43.03 | 20.42 | -4.76 | 9.49 | -22.97 | 10.16 | 11.54 | 8.85 | -32.8 | 8.92 | -31.8 | 16.47 | -55.56 | 3.99 | -34.38 | 0.30 | -16.67 | 24.10 | -9.91 | 452.24 | -20.87 | 107.21 | 14.63 | -7.21 | 0 | 0.00 | 0 | 14.01 | 23.44 |
| 2014 (1) | 1.65 | 0.0 | 21.44 | 0 | 12.32 | 0 | 9.11 | -7.14 | 13.17 | 0 | 13.08 | 0 | 37.06 | 0 | 6.08 | 0 | 0.36 | 0.0 | 26.75 | 4.78 | 571.48 | -31.91 | 93.53 | -8.47 | 6.47 | 0 | 0.00 | 0 | 11.35 | -5.73 |
