- 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) | 0.47 | -70.25 | 62.07 | 33.28 | -7.91 | 31.65 | 5.79 | 47.7 | 207.98 | 11.20 | -65.46 | 116.63 | 10.08 | -65.46 | 116.31 | 0.70 | -69.57 | 20.69 | 0.62 | -70.19 | 24.0 | 0.06 | -14.29 | -45.45 | 13.19 | -61.56 | 99.85 | 13.20 | 6.71 | -7.69 | 53.85 | 335.66 | 43.59 | 50.00 | -42.95 | -20.0 | 19.39 | -23.78 | 4.75 |
| 24Q2 (19) | 1.58 | 558.33 | 62.89 | 36.14 | 21.28 | 59.91 | 3.92 | 192.54 | 856.1 | 32.43 | 386.94 | 87.89 | 29.18 | 386.33 | 85.03 | 2.30 | 475.0 | -10.85 | 2.08 | 462.16 | -4.15 | 0.07 | 16.67 | -50.0 | 34.31 | 272.13 | 83.38 | 12.37 | 46.22 | -42.44 | 12.36 | -42.32 | 567.42 | 87.64 | 11.54 | -8.99 | 25.44 | 15.79 | 34.75 |
| 24Q1 (18) | 0.24 | -54.72 | 380.0 | 29.80 | 22.08 | 31.34 | 1.34 | -81.05 | 55.81 | 6.66 | 18.09 | 500.0 | 6.00 | -5.51 | 500.0 | 0.40 | -57.45 | 150.0 | 0.37 | -55.42 | 164.29 | 0.06 | -53.85 | -53.85 | 9.22 | 38.23 | 221.25 | 8.46 | -18.1 | -45.14 | 21.43 | -82.86 | -67.86 | 78.57 | 414.29 | 135.71 | 21.97 | 71.64 | 58.63 |
| 23Q4 (17) | 0.53 | 82.76 | 303.85 | 24.41 | -3.44 | 63.17 | 7.07 | 276.06 | 319.57 | 5.64 | 9.09 | 251.61 | 6.35 | 36.27 | 239.87 | 0.94 | 62.07 | 206.82 | 0.83 | 66.0 | 216.9 | 0.13 | 18.18 | -18.75 | 6.67 | 1.06 | 423.79 | 10.33 | -27.76 | -50.02 | 125.00 | 233.33 | 52.78 | -25.00 | -140.0 | -375.0 | 12.80 | -30.85 | 8.11 |
| 23Q3 (16) | 0.29 | -70.1 | 0 | 25.28 | 11.86 | 149.56 | 1.88 | 358.54 | 142.25 | 5.17 | -70.05 | 12825.0 | 4.66 | -70.45 | 11550.0 | 0.58 | -77.52 | 5700.0 | 0.50 | -76.96 | 4900.0 | 0.11 | -21.43 | -42.11 | 6.60 | -64.72 | 381.75 | 14.30 | -33.46 | -43.32 | 37.50 | 1925.0 | 0 | 62.50 | -35.1 | 0 | 18.51 | -1.96 | 77.3 |
| 23Q2 (15) | 0.97 | 1840.0 | 46.97 | 22.60 | -0.4 | 45.52 | 0.41 | -52.33 | 104.92 | 17.26 | 1454.95 | 28.61 | 15.77 | 1477.0 | 30.01 | 2.58 | 1512.5 | 25.85 | 2.17 | 1450.0 | 30.72 | 0.14 | 7.69 | 0.0 | 18.71 | 551.92 | 22.05 | 21.49 | 39.36 | -13.76 | 1.85 | -97.22 | 102.98 | 96.30 | 188.89 | -40.62 | 18.88 | 36.32 | 5.59 |
| 23Q1 (14) | 0.05 | 119.23 | 135.71 | 22.69 | 51.67 | 42.26 | 0.86 | 126.71 | 126.3 | 1.11 | 129.84 | 143.53 | 1.00 | 122.03 | 139.22 | 0.16 | 118.18 | 136.36 | 0.14 | 119.72 | 140.0 | 0.13 | -18.75 | -7.14 | 2.87 | 239.32 | 515.94 | 15.42 | -25.4 | -29.72 | 66.67 | -18.52 | -48.15 | 33.33 | 266.67 | 216.67 | 13.85 | 16.98 | 6.21 |
| 22Q4 (13) | -0.26 | 0 | -273.33 | 14.96 | 47.68 | -21.01 | -3.22 | 27.64 | -275.96 | -3.72 | -9400.0 | -265.33 | -4.54 | -11450.0 | -341.49 | -0.88 | -8900.0 | -287.23 | -0.71 | -7200.0 | -291.89 | 0.16 | -15.79 | -15.79 | -2.06 | -250.36 | -155.38 | 20.67 | -18.07 | -24.75 | 81.82 | 0 | 5.19 | 9.09 | 0 | -59.09 | 11.84 | 13.41 | 8.92 |
| 22Q3 (12) | 0.00 | -100.0 | -100.0 | 10.13 | -34.77 | -41.71 | -4.45 | 46.64 | -93.48 | 0.04 | -99.7 | -91.84 | 0.04 | -99.67 | -91.84 | 0.01 | -99.51 | -90.91 | 0.01 | -99.4 | -87.5 | 0.19 | 35.71 | 11.76 | 1.37 | -91.06 | -21.26 | 25.23 | 1.24 | -15.34 | 0.00 | 100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 10.44 | -41.61 | -14.98 |
| 22Q2 (11) | 0.66 | 571.43 | -14.29 | 15.53 | -2.63 | -19.45 | -8.34 | -155.05 | -10525.0 | 13.42 | 626.27 | -2.26 | 12.13 | 575.69 | 0.41 | 2.05 | 565.91 | -13.14 | 1.66 | 574.29 | -14.87 | 0.14 | 0.0 | -12.5 | 15.33 | 2321.74 | 2.54 | 24.92 | 13.58 | 7.69 | -62.16 | -148.35 | 0 | 162.16 | 667.57 | 62.16 | 17.88 | 37.12 | 27.44 |
| 22Q1 (10) | -0.14 | -193.33 | -240.0 | 15.95 | -15.79 | -31.34 | -3.27 | -278.69 | -335.25 | -2.55 | -213.33 | -228.14 | -2.55 | -235.64 | -244.89 | -0.44 | -193.62 | -237.5 | -0.35 | -194.59 | -229.63 | 0.14 | -26.32 | -6.67 | -0.69 | -118.55 | -120.06 | 21.94 | -20.13 | 12.11 | 128.57 | 65.31 | 92.86 | -28.57 | -228.57 | -185.71 | 13.04 | 19.96 | -15.38 |
| 21Q4 (9) | 0.15 | 400.0 | 266.67 | 18.94 | 8.98 | -18.36 | 1.83 | 179.57 | 150.0 | 2.25 | 359.18 | 181.82 | 1.88 | 283.67 | 178.01 | 0.47 | 327.27 | 251.61 | 0.37 | 362.5 | 237.04 | 0.19 | 11.76 | 72.73 | 3.72 | 113.79 | 829.41 | 27.47 | -7.82 | 49.95 | 77.78 | 119.44 | -44.44 | 22.22 | -95.56 | 155.56 | 10.87 | -11.48 | -37.28 |
| 21Q3 (8) | 0.03 | -96.1 | -82.35 | 17.38 | -9.85 | -17.4 | -2.30 | -2975.0 | -1250.0 | 0.49 | -96.43 | -85.42 | 0.49 | -95.94 | -83.45 | 0.11 | -95.34 | -80.7 | 0.08 | -95.9 | -82.98 | 0.17 | 6.25 | 6.25 | 1.74 | -88.36 | -64.92 | 29.80 | 28.78 | 67.13 | -400.00 | 0 | -3700.0 | 500.00 | 400.0 | 400.0 | 12.28 | -12.47 | -14.13 |
| 21Q2 (7) | 0.77 | 670.0 | 140.62 | 19.28 | -17.0 | 7.05 | 0.08 | -94.24 | 102.04 | 13.73 | 589.95 | 144.31 | 12.08 | 586.36 | 140.16 | 2.36 | 637.5 | 100.0 | 1.95 | 622.22 | 101.03 | 0.16 | 6.67 | -15.79 | 14.95 | 334.59 | 112.66 | 23.14 | 18.24 | -13.27 | 0.00 | -100.0 | 100.0 | 100.00 | 200.0 | -41.94 | 14.03 | -8.96 | 0 |
| 21Q1 (6) | 0.10 | 211.11 | 350.0 | 23.23 | 0.13 | 17.74 | 1.39 | 137.98 | 180.81 | 1.99 | 172.36 | 326.14 | 1.76 | 173.03 | 300.0 | 0.32 | 203.23 | 300.0 | 0.27 | 200.0 | 307.69 | 0.15 | 36.36 | 0.0 | 3.44 | 774.51 | 341.03 | 19.57 | 6.82 | 10.69 | 66.67 | -52.38 | -66.67 | 33.33 | 183.33 | 133.33 | 15.41 | -11.08 | 7.16 |
| 20Q4 (5) | -0.09 | -152.94 | 0.0 | 23.20 | 10.27 | 8.51 | -3.66 | -1930.0 | -120.48 | -2.75 | -181.85 | -113.18 | -2.41 | -181.42 | -33.89 | -0.31 | -154.39 | 6.06 | -0.27 | -157.45 | 0.0 | 0.11 | -31.25 | -26.67 | -0.51 | -110.28 | -143.22 | 18.32 | 2.75 | -22.96 | 140.00 | 1160.0 | 5.0 | -40.00 | -140.0 | -20.0 | 17.33 | 21.19 | 30.79 |
| 20Q3 (4) | 0.17 | -46.88 | 0.0 | 21.04 | 16.82 | 0.0 | 0.20 | 105.1 | 0.0 | 3.36 | -40.21 | 0.0 | 2.96 | -41.15 | 0.0 | 0.57 | -51.69 | 0.0 | 0.47 | -51.55 | 0.0 | 0.16 | -15.79 | 0.0 | 4.96 | -29.45 | 0.0 | 17.83 | -33.17 | 0.0 | 11.11 | 115.38 | 0.0 | 100.00 | -41.94 | 0.0 | 14.30 | 0 | 0.0 |
| 20Q2 (3) | 0.32 | 900.0 | 0.0 | 18.01 | -8.72 | 0.0 | -3.92 | -127.91 | 0.0 | 5.62 | 738.64 | 0.0 | 5.03 | 671.59 | 0.0 | 1.18 | 837.5 | 0.0 | 0.97 | 846.15 | 0.0 | 0.19 | 26.67 | 0.0 | 7.03 | 801.28 | 0.0 | 26.68 | 50.9 | 0.0 | -72.22 | -136.11 | 0.0 | 172.22 | 272.22 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.04 | 55.56 | 0.0 | 19.73 | -7.72 | 0.0 | -1.72 | -3.61 | 0.0 | -0.88 | 31.78 | 0.0 | -0.88 | 51.11 | 0.0 | -0.16 | 51.52 | 0.0 | -0.13 | 51.85 | 0.0 | 0.15 | 0.0 | 0.0 | 0.78 | -33.9 | 0.0 | 17.68 | -25.65 | 0.0 | 200.00 | 50.0 | 0.0 | -100.00 | -200.0 | 0.0 | 14.38 | 8.53 | 0.0 |
| 19Q4 (1) | -0.09 | 0.0 | 0.0 | 21.38 | 0.0 | 0.0 | -1.66 | 0.0 | 0.0 | -1.29 | 0.0 | 0.0 | -1.80 | 0.0 | 0.0 | -0.33 | 0.0 | 0.0 | -0.27 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 1.18 | 0.0 | 0.0 | 23.78 | 0.0 | 0.0 | 133.33 | 0.0 | 0.0 | -33.33 | 0.0 | 0.0 | 13.25 | 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) | 1.83 | 632.0 | 23.86 | 72.03 | 3.02 | 0 | 1.24 | -16.07 | 7.46 | 384.42 | 7.19 | 584.76 | 4.34 | 435.8 | 3.81 | 477.27 | 0.53 | -14.52 | 8.83 | 183.01 | 10.33 | -50.02 | 40.62 | 0 | 59.38 | -85.35 | 0.32 | 186.8 | 15.87 | 21.52 |
| 2022 (9) | 0.25 | -76.19 | 13.87 | -29.02 | -4.75 | 0 | 1.48 | 18.04 | 1.54 | -65.47 | 1.05 | -73.15 | 0.81 | -75.6 | 0.66 | -75.56 | 0.62 | -10.14 | 3.12 | -46.3 | 20.67 | -24.75 | -305.26 | 0 | 405.26 | 333.7 | 0.11 | 21.38 | 13.06 | 0.85 |
| 2021 (8) | 1.05 | 200.0 | 19.54 | -3.22 | 0.28 | 0 | 1.25 | -11.69 | 4.46 | 132.29 | 3.91 | 131.36 | 3.32 | 172.13 | 2.70 | 164.71 | 0.69 | 15.0 | 5.81 | 61.84 | 27.47 | 49.95 | 6.56 | 0 | 93.44 | -57.53 | 0.09 | -16.88 | 12.95 | -13.44 |
| 2020 (7) | 0.35 | -65.35 | 20.19 | -4.67 | -2.24 | 0 | 1.42 | 42.25 | 1.92 | -49.61 | 1.69 | -53.44 | 1.22 | -68.31 | 1.02 | -67.82 | 0.60 | -31.03 | 3.59 | -39.15 | 18.32 | -22.96 | -120.00 | 0 | 220.00 | 164.0 | 0.11 | -51.51 | 14.96 | 19.39 |
| 2019 (6) | 1.01 | 910.0 | 21.18 | 4.13 | 0.60 | 0 | 1.00 | 66.0 | 3.81 | 710.64 | 3.63 | 744.19 | 3.85 | 887.18 | 3.17 | 860.61 | 0.87 | 16.0 | 5.90 | 136.95 | 23.78 | 22.58 | 14.81 | 0 | 83.33 | -88.89 | 0.23 | -79.85 | 12.53 | -12.62 |
| 2018 (5) | 0.10 | 0 | 20.34 | 2.01 | -3.37 | 0 | 0.60 | -21.36 | 0.47 | 0 | 0.43 | 0 | 0.39 | 0 | 0.33 | 0 | 0.75 | 7.14 | 2.49 | 0 | 19.40 | -1.87 | -650.00 | 0 | 750.00 | 0 | 1.14 | 0 | 14.34 | 0.35 |
| 2017 (4) | -0.90 | 0 | 19.94 | -10.34 | -6.34 | 0 | 0.76 | 25.47 | -3.97 | 0 | -3.87 | 0 | -3.33 | 0 | -2.72 | 0 | 0.70 | -10.26 | -1.78 | 0 | 19.77 | -19.07 | 159.57 | 0 | -59.57 | 0 | 0.00 | 0 | 14.29 | -1.18 |
| 2016 (3) | 0.21 | -81.08 | 22.24 | -2.28 | -1.81 | 0 | 0.61 | -0.84 | 0.46 | -90.04 | 0.81 | -81.21 | 0.77 | -79.47 | 0.63 | -80.19 | 0.78 | 5.41 | 1.44 | -73.91 | 24.43 | 26.32 | -400.00 | 0 | 500.00 | 512.24 | 0.00 | 0 | 14.46 | 0.98 |
| 2015 (2) | 1.11 | -32.32 | 22.76 | 0.75 | 0.89 | -72.78 | 0.61 | 21.12 | 4.62 | -31.25 | 4.31 | -28.29 | 3.75 | -28.98 | 3.18 | -27.23 | 0.74 | 1.37 | 5.52 | -25.2 | 19.34 | 13.1 | 20.00 | -58.67 | 81.67 | 58.23 | 0.00 | 0 | 14.32 | 12.14 |
| 2014 (1) | 1.64 | -18.81 | 22.59 | 0 | 3.27 | 0 | 0.51 | -20.14 | 6.72 | 0 | 6.01 | 0 | 5.28 | 0 | 4.37 | 0 | 0.73 | -5.19 | 7.38 | -20.04 | 17.10 | -29.75 | 48.39 | -22.96 | 51.61 | 38.78 | 0.00 | 0 | 12.77 | 10.95 |
