- 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) | 1.57 | 53.92 | 38.94 | 19.46 | 36.18 | 35.23 | 11.32 | 71.52 | 79.4 | 11.04 | 61.88 | 13.7 | 9.17 | 89.86 | 13.49 | 2.58 | 62.26 | 10.73 | 1.07 | 27.38 | 0.94 | 0.09 | -25.0 | -25.0 | 17.92 | 40.11 | 31.96 | 223.66 | 18.57 | 46.71 | 102.55 | 5.96 | 57.68 | -2.55 | -178.95 | -107.28 | 7.89 | 4.09 | -11.05 |
| 24Q2 (19) | 1.02 | 36.0 | 1357.14 | 14.29 | 14.6 | 14.32 | 6.60 | 126.8 | 125.26 | 6.82 | -10.26 | 118.59 | 4.83 | -16.58 | 171.35 | 1.59 | 20.45 | 297.5 | 0.84 | 40.0 | 189.66 | 0.12 | 50.0 | 20.0 | 12.79 | 5.18 | 53.91 | 188.63 | 6.9 | 38.74 | 96.77 | 153.17 | 3.98 | 3.23 | -94.78 | -45.7 | 7.58 | -22.81 | -19.53 |
| 24Q1 (18) | 0.75 | -34.21 | 3850.0 | 12.47 | -1.81 | -1.66 | 2.91 | -63.67 | -0.34 | 7.60 | 1.74 | 280.0 | 5.79 | -11.47 | 515.96 | 1.32 | -55.7 | 633.33 | 0.60 | -52.76 | 252.94 | 0.08 | -55.56 | -11.11 | 12.16 | 21.0 | 56.7 | 176.45 | 6.95 | 35.27 | 38.23 | -64.31 | -73.89 | 61.77 | 971.35 | 233.05 | 9.82 | 52.01 | -20.93 |
| 23Q4 (17) | 1.14 | 0.88 | 208.11 | 12.70 | -11.74 | 8.45 | 8.01 | 26.94 | 62.15 | 7.47 | -23.07 | 61.69 | 6.54 | -19.06 | 68.12 | 2.98 | 27.9 | 192.16 | 1.27 | 19.81 | 115.25 | 0.18 | 50.0 | 50.0 | 10.05 | -25.99 | 19.22 | 164.99 | 8.23 | 37.21 | 107.09 | 64.66 | 0.36 | -7.09 | -120.28 | -5.75 | 6.46 | -27.17 | 772.97 |
| 23Q3 (16) | 1.13 | 1514.29 | 31.4 | 14.39 | 15.12 | -24.66 | 6.31 | 115.36 | 11.48 | 9.71 | 211.22 | -19.02 | 8.08 | 353.93 | -14.41 | 2.33 | 482.5 | 43.83 | 1.06 | 265.52 | 21.84 | 0.12 | 20.0 | 50.0 | 13.58 | 63.42 | -21.95 | 152.45 | 12.13 | 45.58 | 65.04 | -30.12 | 37.4 | 34.96 | 488.55 | -33.61 | 8.87 | -5.84 | -44.7 |
| 23Q2 (15) | 0.07 | 450.0 | -82.05 | 12.50 | -1.42 | -24.97 | 2.93 | 0.34 | -42.21 | 3.12 | 56.0 | -46.85 | 1.78 | 89.36 | -52.02 | 0.40 | 122.22 | -54.55 | 0.29 | 70.59 | -38.3 | 0.10 | 11.11 | -9.09 | 8.31 | 7.09 | -17.89 | 135.96 | 4.23 | 24.1 | 93.07 | -36.44 | 7.89 | 5.94 | 112.8 | -56.75 | 9.42 | -24.15 | -31.04 |
| 23Q1 (14) | -0.02 | -105.41 | -103.7 | 12.68 | 8.28 | -8.97 | 2.92 | -40.89 | 19.18 | 2.00 | -56.71 | -71.99 | 0.94 | -75.84 | -84.59 | 0.18 | -82.35 | -86.47 | 0.17 | -71.19 | -75.36 | 0.09 | -25.0 | -10.0 | 7.76 | -7.95 | -36.55 | 130.44 | 8.47 | -6.39 | 146.43 | 37.23 | 329.99 | -46.43 | -592.56 | -170.4 | 12.42 | 1578.38 | -24.18 |
| 22Q4 (13) | 0.37 | -56.98 | -55.42 | 11.71 | -38.69 | -8.37 | 4.94 | -12.72 | -22.69 | 4.62 | -61.47 | -37.48 | 3.89 | -58.79 | -28.88 | 1.02 | -37.04 | -58.7 | 0.59 | -32.18 | -52.03 | 0.12 | 50.0 | -42.86 | 8.43 | -51.55 | -15.28 | 120.25 | 14.83 | 14.86 | 106.70 | 125.43 | 23.09 | -6.70 | -112.73 | -149.34 | 0.74 | -95.39 | -91.24 |
| 22Q3 (12) | 0.86 | 120.51 | 104.76 | 19.10 | 14.65 | 25.25 | 5.66 | 11.64 | 133.88 | 11.99 | 104.26 | 86.47 | 9.44 | 154.45 | 77.44 | 1.62 | 84.09 | 32.79 | 0.87 | 85.11 | 33.85 | 0.08 | -27.27 | -27.27 | 17.40 | 71.94 | 46.46 | 104.72 | -4.42 | -19.3 | 47.33 | -45.13 | 25.1 | 52.67 | 283.41 | -15.28 | 16.04 | 17.42 | -3.61 |
| 22Q2 (11) | 0.39 | -27.78 | 225.0 | 16.66 | 19.6 | 17.91 | 5.07 | 106.94 | 411.04 | 5.87 | -17.79 | 80.62 | 3.71 | -39.18 | 114.45 | 0.88 | -33.83 | 183.87 | 0.47 | -31.88 | 67.86 | 0.11 | 10.0 | 37.5 | 10.12 | -17.25 | -9.88 | 109.56 | -21.38 | 9.71 | 86.26 | 153.31 | 272.53 | 13.74 | -79.17 | -90.84 | 13.66 | -16.61 | -35.63 |
| 22Q1 (10) | 0.54 | -34.94 | 38.46 | 13.93 | 9.0 | -47.19 | 2.45 | -61.66 | -80.42 | 7.14 | -3.38 | -42.19 | 6.10 | 11.52 | -32.0 | 1.33 | -46.15 | -43.88 | 0.69 | -43.9 | -33.65 | 0.10 | -52.38 | 0.0 | 12.23 | 22.91 | -34.6 | 139.35 | 33.11 | -3.61 | 34.05 | -60.72 | -66.43 | 65.95 | 385.36 | 4683.24 | 16.38 | 93.85 | -13.88 |
| 21Q4 (9) | 0.83 | 97.62 | -18.63 | 12.78 | -16.2 | -18.29 | 6.39 | 164.05 | 102.22 | 7.39 | 14.93 | -50.9 | 5.47 | 2.82 | -60.07 | 2.47 | 102.46 | -43.22 | 1.23 | 89.23 | -22.64 | 0.21 | 90.91 | 90.91 | 9.95 | -16.25 | -52.14 | 104.69 | -19.33 | -41.48 | 86.68 | 129.1 | 310.38 | 13.59 | -78.14 | -82.83 | 8.45 | -49.22 | -44.92 |
| 21Q3 (8) | 0.42 | 250.0 | 940.0 | 15.25 | 7.93 | 54.2 | 2.42 | 248.47 | 127.38 | 6.43 | 97.85 | 543.0 | 5.32 | 207.51 | 26700.0 | 1.22 | 293.55 | 0 | 0.65 | 132.14 | 490.91 | 0.11 | 37.5 | 37.5 | 11.88 | 5.79 | 6.55 | 129.77 | 29.95 | -41.74 | 37.84 | 175.68 | 104.2 | 62.16 | -58.56 | -93.78 | 16.64 | -21.58 | -26.24 |
| 21Q2 (7) | 0.12 | -69.23 | 140.0 | 14.13 | -46.44 | -5.29 | -1.63 | -113.03 | 44.56 | 3.25 | -73.68 | 273.8 | 1.73 | -80.71 | 132.77 | 0.31 | -86.92 | 126.27 | 0.28 | -73.08 | 177.78 | 0.08 | -20.0 | 0.0 | 11.23 | -39.95 | 29.53 | 99.86 | -30.93 | -34.16 | -50.00 | -149.29 | -132.14 | 150.00 | 10525.0 | 370.0 | 21.22 | 11.57 | 0 |
| 21Q1 (6) | 0.39 | -61.76 | 214.71 | 26.38 | 68.67 | 223.68 | 12.51 | 295.89 | 264.82 | 12.35 | -17.94 | 378.78 | 8.97 | -34.53 | 269.25 | 2.37 | -45.52 | 282.31 | 1.04 | -34.59 | 373.68 | 0.10 | -9.09 | 11.11 | 18.70 | -10.05 | 312.8 | 144.57 | -19.19 | -18.4 | 101.44 | 380.23 | -40.97 | -1.44 | -101.82 | 98.0 | 19.02 | 23.99 | -7.8 |
| 20Q4 (5) | 1.02 | 2140.0 | 684.62 | 15.64 | 58.14 | 165.08 | 3.16 | 135.75 | 152.06 | 15.05 | 1405.0 | 694.86 | 13.70 | 68600.0 | 1456.82 | 4.35 | 0 | 1179.41 | 1.59 | 1345.45 | 562.5 | 0.11 | 37.5 | -26.67 | 20.79 | 86.46 | 318.31 | 178.91 | -19.67 | 8.26 | 21.12 | 102.35 | -91.15 | 79.14 | -92.09 | 157.02 | 15.34 | -32.0 | -1.92 |
| 20Q3 (4) | -0.05 | 83.33 | 0.0 | 9.89 | -33.71 | 0.0 | -8.84 | -200.68 | 0.0 | 1.00 | 153.48 | 0.0 | -0.02 | 99.62 | 0.0 | 0.00 | 100.0 | 0.0 | 0.11 | 130.56 | 0.0 | 0.08 | 0.0 | 0.0 | 11.15 | 28.6 | 0.0 | 222.73 | 46.85 | 0.0 | -900.00 | -678.57 | 0.0 | 1000.00 | 1900.0 | 0.0 | 22.56 | 0 | 0.0 |
| 20Q2 (3) | -0.30 | 11.76 | 0.0 | 14.92 | 83.07 | 0.0 | -2.94 | 61.26 | 0.0 | -1.87 | 57.79 | 0.0 | -5.28 | 0.38 | 0.0 | -1.18 | 9.23 | 0.0 | -0.36 | 5.26 | 0.0 | 0.08 | -11.11 | 0.0 | 8.67 | 91.39 | 0.0 | 151.67 | -14.39 | 0.0 | 155.56 | -9.47 | 0.0 | -55.56 | 22.66 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.34 | -361.54 | 0.0 | 8.15 | 38.14 | 0.0 | -7.59 | -25.04 | 0.0 | -4.43 | -75.1 | 0.0 | -5.30 | -702.27 | 0.0 | -1.30 | -482.35 | 0.0 | -0.38 | -258.33 | 0.0 | 0.09 | -40.0 | 0.0 | 4.53 | -8.85 | 0.0 | 177.16 | 7.2 | 0.0 | 171.83 | -28.05 | 0.0 | -71.83 | 48.25 | 0.0 | 20.63 | 31.91 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 5.90 | 0.0 | 0.0 | -6.07 | 0.0 | 0.0 | -2.53 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 165.26 | 0.0 | 0.0 | 238.81 | 0.0 | 0.0 | -138.81 | 0.0 | 0.0 | 15.64 | 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) | 2.31 | 7.44 | 13.07 | -12.81 | 5.84 | 27.23 | 2.30 | -29.67 | 6.33 | -9.7 | 5.13 | -6.22 | 5.69 | 14.95 | 2.75 | 1.85 | 0.45 | 7.14 | 10.21 | -11.53 | 164.99 | 37.21 | 92.29 | 41.1 | 7.71 | -77.7 | 2.83 | -27.04 | 8.56 | -19.25 |
| 2022 (9) | 2.15 | 22.16 | 14.99 | -7.58 | 4.59 | -17.74 | 3.26 | -8.02 | 7.01 | -7.28 | 5.47 | -1.8 | 4.95 | -20.29 | 2.70 | -11.48 | 0.42 | -10.64 | 11.54 | -6.1 | 120.25 | 14.86 | 65.41 | -11.47 | 34.59 | 32.45 | 3.88 | -1.31 | 10.60 | -25.25 |
| 2021 (8) | 1.76 | 417.65 | 16.22 | 29.35 | 5.58 | 0 | 3.55 | -46.74 | 7.56 | 83.05 | 5.57 | 118.43 | 6.21 | 159.83 | 3.05 | 134.62 | 0.47 | 38.24 | 12.29 | -1.92 | 104.69 | -41.48 | 73.88 | 0 | 26.12 | -85.16 | 3.94 | -8.87 | 14.18 | -28.74 |
| 2020 (7) | 0.34 | 0 | 12.54 | 80.69 | -3.13 | 0 | 6.66 | -18.75 | 4.13 | 0 | 2.55 | 0 | 2.39 | 0 | 1.30 | 0 | 0.34 | -34.62 | 12.53 | 87.01 | 178.91 | 8.26 | -75.95 | 0 | 175.95 | 0 | 4.32 | -23.5 | 19.90 | 1.79 |
| 2019 (6) | -0.77 | 0 | 6.94 | -28.38 | -6.03 | 0 | 8.20 | -45.57 | -2.58 | 0 | -2.23 | 0 | -2.79 | 0 | -0.80 | 0 | 0.52 | 48.57 | 6.70 | -42.78 | 165.26 | 41.28 | 233.77 | 112.38 | -133.77 | 0 | 5.65 | -16.92 | 19.55 | -18.41 |
| 2018 (5) | -1.24 | 0 | 9.69 | -70.47 | -4.54 | 0 | 15.07 | -40.8 | -4.12 | 0 | -5.08 | 0 | -3.53 | 0 | -1.57 | 0 | 0.35 | 0 | 11.71 | -73.93 | 116.97 | 121.83 | 110.07 | 29.64 | -10.07 | 0 | 6.80 | 0 | 23.96 | -31.37 |
| 2017 (4) | 2.55 | 0 | 32.81 | 0 | 15.71 | 0 | 25.45 | 0 | 18.47 | 0 | 14.25 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 44.92 | 0 | 52.73 | 0 | 84.91 | 0 | 15.09 | 0 | 0.00 | 0 | 34.91 | 0 |
