- 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) | -0.27 | -129.67 | -268.75 | 29.95 | 3.78 | 6.21 | 3.67 | 171.85 | -33.03 | -4.56 | -118.09 | -132.81 | -4.45 | -118.39 | -149.23 | -1.21 | -119.27 | -145.49 | -0.83 | -119.76 | -144.86 | 0.19 | 11.76 | -5.0 | -2.25 | -108.06 | -113.98 | 38.12 | -27.71 | -21.68 | -87.50 | -1981.25 | -310.0 | 187.50 | 96.65 | 200.0 | 7.81 | -10.13 | -3.58 |
| 24Q2 (19) | 0.91 | -14.95 | 2933.33 | 28.86 | -2.5 | -1.54 | 1.35 | -74.67 | 0.75 | 25.21 | -17.29 | 132.14 | 24.20 | -13.23 | 306.04 | 6.28 | -27.4 | 368.66 | 4.20 | -27.21 | 307.77 | 0.17 | -19.05 | 0.0 | 27.91 | -14.12 | 115.02 | 52.73 | 11.27 | 29.3 | 4.65 | -74.21 | -67.44 | 95.35 | 16.33 | 11.24 | 8.69 | 9.03 | -14.38 |
| 24Q1 (18) | 1.07 | 174.36 | 214.71 | 29.60 | 0.71 | -20.88 | 5.33 | -13.89 | 179.06 | 30.48 | 322.16 | 87.92 | 27.89 | 220.94 | 67.91 | 8.65 | 190.27 | 181.76 | 5.77 | 189.95 | 133.6 | 0.21 | -8.7 | 40.0 | 32.50 | 257.54 | 81.36 | 47.39 | -11.1 | 90.09 | 18.03 | -79.19 | 53.28 | 81.97 | 514.75 | -7.1 | 7.97 | -8.07 | -39.11 |
| 23Q4 (17) | 0.39 | 143.75 | 4000.0 | 29.39 | 4.22 | 8.53 | 6.19 | 12.96 | 477.44 | 7.22 | -48.06 | 225.78 | 8.69 | -3.87 | 506.07 | 2.98 | 12.03 | 809.52 | 1.99 | 7.57 | 721.88 | 0.23 | 15.0 | 43.75 | 9.09 | -43.51 | 303.81 | 53.31 | 9.53 | 109.06 | 86.67 | 108.0 | 160.0 | 13.33 | -78.67 | -84.0 | 8.67 | 7.04 | -34.81 |
| 23Q3 (16) | 0.16 | 433.33 | 0.0 | 28.20 | -3.79 | 0.57 | 5.48 | 308.96 | 48.51 | 13.90 | 27.99 | 6.35 | 9.04 | 51.68 | -18.04 | 2.66 | 98.51 | 7.69 | 1.85 | 79.61 | -7.5 | 0.20 | 17.65 | 11.11 | 16.09 | 23.96 | 11.74 | 48.67 | 19.35 | 104.24 | 41.67 | 191.67 | 33.33 | 62.50 | -27.08 | -16.67 | 8.10 | -20.2 | -24.37 |
| 23Q2 (15) | 0.03 | -91.18 | 115.79 | 29.31 | -21.65 | -2.17 | 1.34 | -29.84 | -74.81 | 10.86 | -33.05 | 350.23 | 5.96 | -64.12 | 210.37 | 1.34 | -56.35 | 244.09 | 1.03 | -58.3 | 245.07 | 0.17 | 13.33 | 21.43 | 12.98 | -27.57 | 730.1 | 40.78 | 63.58 | 59.17 | 14.29 | 21.43 | 111.43 | 85.71 | -2.86 | -61.9 | 10.15 | -22.46 | -28.27 |
| 23Q1 (14) | 0.34 | 3500.0 | 466.67 | 37.41 | 38.15 | 34.76 | 1.91 | 216.46 | -69.83 | 16.22 | 382.58 | 192.78 | 16.61 | 876.17 | 672.56 | 3.07 | 830.95 | 597.73 | 2.47 | 871.88 | 605.71 | 0.15 | -6.25 | 0.0 | 17.92 | 501.79 | 130.93 | 24.93 | -2.24 | -9.08 | 11.76 | -64.71 | -89.92 | 88.24 | 5.88 | 629.41 | 13.09 | -1.58 | 18.89 |
| 22Q4 (13) | -0.01 | -106.25 | -102.08 | 27.08 | -3.42 | 4.96 | -1.64 | -144.44 | -122.25 | -5.74 | -143.92 | -136.44 | -2.14 | -119.4 | -114.74 | -0.42 | -117.0 | -108.97 | -0.32 | -116.0 | -109.88 | 0.16 | -11.11 | -27.27 | -4.46 | -130.97 | -125.9 | 25.50 | 7.01 | -32.34 | 33.33 | 6.67 | -28.21 | 83.33 | 11.11 | 55.56 | 13.30 | 24.18 | 84.47 |
| 22Q3 (12) | 0.16 | 184.21 | 77.78 | 28.04 | -6.41 | -14.09 | 3.69 | -30.64 | -29.17 | 13.07 | 401.15 | 123.8 | 11.03 | 304.26 | 210.7 | 2.47 | 365.59 | 190.59 | 2.00 | 381.69 | 263.64 | 0.18 | 28.57 | 20.0 | 14.40 | 799.03 | 88.73 | 23.83 | -6.99 | -54.28 | 31.25 | 125.0 | -64.29 | 75.00 | -66.67 | 500.0 | 10.71 | -24.31 | -4.12 |
| 22Q2 (11) | -0.19 | -416.67 | -173.08 | 29.96 | 7.93 | 7.08 | 5.32 | -15.96 | -60.97 | -4.34 | -178.34 | -129.03 | -5.40 | -351.16 | -155.67 | -0.93 | -311.36 | -128.53 | -0.71 | -302.86 | -133.65 | 0.14 | -6.67 | -36.36 | -2.06 | -126.55 | -112.43 | 25.62 | -6.56 | -56.06 | -125.00 | -207.14 | -235.0 | 225.00 | 1450.0 | 2937.5 | 14.15 | 28.52 | 63.21 |
| 22Q1 (10) | 0.06 | -87.5 | -80.65 | 27.76 | 7.6 | 0.22 | 6.33 | -14.11 | -51.2 | 5.54 | -64.83 | -58.87 | 2.15 | -85.19 | -77.95 | 0.44 | -90.6 | -88.27 | 0.35 | -89.2 | -85.54 | 0.15 | -31.82 | -40.0 | 7.76 | -54.94 | -48.02 | 27.42 | -27.25 | -47.84 | 116.67 | 151.28 | 21.15 | -16.67 | -131.11 | -550.0 | 11.01 | 52.7 | 65.07 |
| 21Q4 (9) | 0.48 | 433.33 | 166.67 | 25.80 | -20.96 | 8.59 | 7.37 | 41.46 | 1789.74 | 15.75 | 169.69 | 708.11 | 14.52 | 309.01 | 183.04 | 4.68 | 450.59 | 152.97 | 3.24 | 489.09 | 170.0 | 0.22 | 46.67 | -4.35 | 17.22 | 125.69 | 1679.82 | 37.69 | -27.69 | -35.46 | 46.43 | -46.94 | 332.14 | 53.57 | 328.57 | -46.43 | 7.21 | -35.45 | -9.54 |
| 21Q3 (8) | 0.09 | -65.38 | -91.26 | 32.64 | 16.65 | -1.0 | 5.21 | -61.78 | -73.78 | 5.84 | -60.94 | -78.89 | 3.55 | -63.4 | -84.36 | 0.85 | -73.93 | -92.37 | 0.55 | -73.93 | -92.69 | 0.15 | -31.82 | -54.55 | 7.63 | -53.95 | -73.69 | 52.12 | -10.62 | 4.3 | 87.50 | -5.5 | 21.74 | 12.50 | 68.75 | -55.56 | 11.17 | 28.84 | 104.2 |
| 21Q2 (7) | 0.26 | -16.13 | -27.78 | 27.98 | 1.01 | -15.72 | 13.63 | 5.09 | -12.96 | 14.95 | 10.99 | -8.95 | 9.70 | -0.51 | -25.9 | 3.26 | -13.07 | -32.64 | 2.11 | -12.81 | -41.06 | 0.22 | -12.0 | -18.52 | 16.57 | 10.98 | -9.16 | 58.31 | 10.92 | 27.01 | 92.59 | -3.85 | -3.7 | 7.41 | 100.0 | 92.59 | 8.67 | 29.99 | 0 |
| 21Q1 (6) | 0.31 | 72.22 | 181.82 | 27.70 | 16.58 | -4.12 | 12.97 | 3225.64 | 114.03 | 13.47 | 620.08 | 82.52 | 9.75 | 90.06 | 40.29 | 3.75 | 102.7 | 116.76 | 2.42 | 101.67 | 81.95 | 0.25 | 8.7 | 31.58 | 14.93 | 1469.72 | 55.2 | 52.57 | -9.98 | 119.22 | 96.30 | 581.48 | 28.4 | 3.70 | -96.3 | -70.37 | 6.67 | -16.31 | 0 |
| 20Q4 (5) | 0.18 | -82.52 | 157.14 | 23.76 | -27.93 | -28.17 | 0.39 | -98.04 | -95.16 | -2.59 | -109.36 | -140.09 | 5.13 | -77.4 | -2.1 | 1.85 | -83.39 | 21.71 | 1.20 | -84.04 | 5.26 | 0.23 | -30.3 | 4.55 | -1.09 | -103.76 | -112.87 | 58.40 | 16.87 | 60.09 | -20.00 | -127.83 | -116.0 | 100.00 | 255.56 | 500.0 | 7.97 | 45.7 | -39.02 |
| 20Q3 (4) | 1.03 | 186.11 | 0.0 | 32.97 | -0.69 | 0.0 | 19.87 | 26.88 | 0.0 | 27.66 | 68.45 | 0.0 | 22.70 | 73.41 | 0.0 | 11.14 | 130.17 | 0.0 | 7.52 | 110.06 | 0.0 | 0.33 | 22.22 | 0.0 | 29.00 | 58.99 | 0.0 | 49.97 | 8.84 | 0.0 | 71.88 | -25.25 | 0.0 | 28.12 | 631.25 | 0.0 | 5.47 | 0 | 0.0 |
| 20Q2 (3) | 0.36 | 227.27 | 0.0 | 33.20 | 14.92 | 0.0 | 15.66 | 158.42 | 0.0 | 16.42 | 122.49 | 0.0 | 13.09 | 88.35 | 0.0 | 4.84 | 179.77 | 0.0 | 3.58 | 169.17 | 0.0 | 0.27 | 42.11 | 0.0 | 18.24 | 89.6 | 0.0 | 45.91 | 91.45 | 0.0 | 96.15 | 28.21 | 0.0 | 3.85 | -69.23 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.11 | 57.14 | 0.0 | 28.89 | -12.67 | 0.0 | 6.06 | -24.81 | 0.0 | 7.38 | 14.24 | 0.0 | 6.95 | 32.63 | 0.0 | 1.73 | 13.82 | 0.0 | 1.33 | 16.67 | 0.0 | 0.19 | -13.64 | 0.0 | 9.62 | 13.58 | 0.0 | 23.98 | -34.27 | 0.0 | 75.00 | -40.0 | 0.0 | 12.50 | 150.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | 33.08 | 0.0 | 0.0 | 8.06 | 0.0 | 0.0 | 6.46 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 8.47 | 0.0 | 0.0 | 36.48 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 13.07 | 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) | 0.92 | 4500.0 | 30.41 | 8.07 | 4.23 | 24.41 | 1.77 | -0.2 | 11.41 | 319.49 | 9.56 | 392.78 | 10.04 | 551.95 | 7.23 | 478.4 | 0.75 | 25.0 | 13.23 | 183.3 | 53.31 | 109.06 | 36.62 | -70.7 | 63.38 | 0 | 0.00 | 0 | 9.58 | -21.28 |
| 2022 (9) | 0.02 | -98.25 | 28.14 | -0.25 | 3.40 | -66.73 | 1.78 | 23.38 | 2.72 | -79.09 | 1.94 | -80.22 | 1.54 | -87.74 | 1.25 | -85.38 | 0.60 | -31.03 | 4.67 | -67.9 | 25.50 | -32.34 | 125.00 | 58.45 | -25.00 | 0 | 0.00 | 0 | 12.17 | 48.6 |
| 2021 (8) | 1.14 | -32.14 | 28.21 | -5.68 | 10.22 | -11.13 | 1.44 | -11.32 | 13.01 | -5.24 | 9.81 | -26.13 | 12.56 | -35.39 | 8.55 | -34.63 | 0.87 | -11.22 | 14.55 | -5.27 | 37.69 | -35.46 | 78.89 | -5.94 | 21.11 | 30.89 | 0.00 | 0 | 8.19 | 3.67 |
| 2020 (7) | 1.68 | 663.64 | 29.91 | 2.01 | 11.50 | 176.44 | 1.62 | -23.27 | 13.73 | 191.51 | 13.28 | 203.89 | 19.44 | 321.69 | 13.08 | 283.58 | 0.98 | 25.64 | 15.36 | 125.22 | 58.40 | 60.09 | 83.87 | -6.81 | 16.13 | 61.29 | 0.00 | 0 | 7.90 | -39.92 |
| 2019 (6) | 0.22 | 0 | 29.32 | -3.2 | 4.16 | 0 | 2.12 | 85.82 | 4.71 | 0 | 4.37 | 0 | 4.61 | 0 | 3.41 | 0 | 0.78 | 14.71 | 6.82 | 0 | 36.48 | 4.71 | 90.00 | -46.0 | 10.00 | 0 | 0.00 | 0 | 13.15 | -21.82 |
| 2018 (5) | -0.22 | 0 | 30.29 | 11.4 | -5.61 | 0 | 1.14 | -7.12 | -3.53 | 0 | -3.53 | 0 | -3.14 | 0 | -2.39 | 0 | 0.68 | 13.33 | -2.28 | 0 | 34.84 | 22.63 | 166.67 | 54.76 | -58.33 | 0 | 0.00 | 0 | 16.82 | -10.48 |
| 2017 (4) | -0.49 | 0 | 27.19 | 15.6 | -8.63 | 0 | 1.23 | 25.15 | -8.11 | 0 | -9.73 | 0 | -7.58 | 0 | -5.85 | 0 | 0.60 | -11.76 | -7.06 | 0 | 28.41 | -7.46 | 107.69 | 0.67 | -7.69 | 0 | 0.00 | 0 | 18.79 | -5.86 |
| 2016 (3) | -0.82 | 0 | 23.52 | -13.11 | -11.19 | 0 | 0.98 | -43.42 | -10.49 | 0 | -10.60 | 0 | -9.04 | 0 | -7.25 | 0 | 0.68 | 9.68 | -9.31 | 0 | 30.70 | 56.79 | 106.98 | -25.12 | -6.98 | 0 | 0.00 | 0 | 19.96 | -20.06 |
| 2015 (2) | -0.65 | 0 | 27.07 | -10.69 | -12.37 | 0 | 1.73 | 12.05 | -8.55 | 0 | -7.70 | 0 | -5.81 | 0 | -4.80 | 0 | 0.62 | -25.3 | -6.68 | 0 | 19.58 | -13.06 | 142.86 | 0 | -42.86 | 0 | 0.00 | 0 | 24.97 | 28.18 |
| 2014 (1) | -0.29 | 0 | 30.31 | 0 | -3.55 | 0 | 1.55 | 6.0 | 1.03 | 0 | -0.22 | 0 | -0.22 | 0 | -0.18 | 0 | 0.83 | -20.95 | 2.75 | -52.91 | 22.52 | -17.24 | -350.00 | 0 | 450.00 | 896.43 | 0.00 | 0 | 19.48 | 9.62 |
