- 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) | 0.35 | -38.6 | -43.55 | 30.86 | -8.35 | 4.79 | 10.68 | -3.09 | -10.93 | 10.58 | -27.53 | -37.36 | 8.44 | -38.57 | -35.96 | 2.06 | -39.05 | -48.5 | 1.29 | -35.5 | -43.42 | 0.14 | 0.0 | -12.5 | 16.19 | -19.81 | -25.08 | 71.22 | -11.09 | -19.69 | 100.00 | 30.43 | 42.86 | 0.00 | -100.0 | -100.0 | 18.32 | -14.91 | 29.65 |
| 24Q2 (19) | 0.57 | 62.86 | 128.0 | 33.67 | 29.75 | 35.38 | 11.02 | 99.64 | 143.81 | 14.60 | 44.41 | 97.56 | 13.74 | 70.68 | 120.9 | 3.38 | 59.43 | 116.67 | 2.00 | 55.04 | 106.19 | 0.14 | -6.67 | 7.69 | 20.19 | 34.6 | 46.73 | 80.10 | -1.58 | -7.75 | 76.67 | 40.56 | 19.26 | 23.33 | -48.67 | -34.67 | 21.53 | 6.74 | 21.09 |
| 24Q1 (18) | 0.35 | -48.53 | 118.75 | 25.95 | -21.24 | -2.55 | 5.52 | -70.98 | 38.69 | 10.11 | -43.07 | 78.31 | 8.05 | -42.83 | 79.69 | 2.12 | -50.7 | 120.83 | 1.29 | -47.35 | 104.76 | 0.15 | -11.76 | 36.36 | 15.00 | -32.64 | 17.74 | 81.39 | -0.42 | -17.01 | 54.55 | -48.94 | -18.18 | 45.45 | 766.67 | 36.36 | 20.17 | 68.5 | -3.21 |
| 23Q4 (17) | 0.68 | 9.68 | 100.0 | 32.95 | 11.88 | 19.6 | 19.02 | 58.63 | 59.97 | 17.76 | 5.15 | 111.68 | 14.08 | 6.83 | 110.46 | 4.30 | 7.5 | 88.6 | 2.45 | 7.46 | 104.17 | 0.17 | 6.25 | 6.25 | 22.27 | 3.05 | 74.53 | 81.73 | -7.84 | -26.43 | 106.82 | 52.6 | -26.33 | -6.82 | -122.73 | 82.95 | 11.97 | -15.29 | -10.07 |
| 23Q3 (16) | 0.62 | 148.0 | 3.33 | 29.45 | 18.42 | 26.61 | 11.99 | 165.27 | 58.81 | 16.89 | 128.55 | 5.83 | 13.18 | 111.9 | 4.85 | 4.00 | 156.41 | -3.15 | 2.28 | 135.05 | 14.0 | 0.16 | 23.08 | 6.67 | 21.61 | 57.05 | 4.4 | 88.68 | 2.13 | -24.82 | 70.00 | 8.89 | 48.24 | 30.00 | -16.0 | -43.16 | 14.13 | -20.53 | -0.14 |
| 23Q2 (15) | 0.25 | 56.25 | 1150.0 | 24.87 | -6.61 | 28.79 | 4.52 | 13.57 | 420.57 | 7.39 | 30.34 | 157.49 | 6.22 | 38.84 | 1282.22 | 1.56 | 62.5 | 1460.0 | 0.97 | 53.97 | 506.25 | 0.13 | 18.18 | 30.0 | 13.76 | 8.01 | 36.64 | 86.83 | -11.46 | -29.95 | 64.29 | -3.57 | 228.57 | 35.71 | 7.14 | -76.19 | 17.78 | -14.68 | 0.79 |
| 23Q1 (14) | 0.16 | -52.94 | 300.0 | 26.63 | -3.34 | 36.77 | 3.98 | -66.53 | 233.56 | 5.67 | -32.42 | 342.97 | 4.48 | -33.03 | 322.64 | 0.96 | -57.89 | 317.39 | 0.63 | -47.5 | 200.0 | 0.11 | -31.25 | 10.0 | 12.74 | -0.16 | 58.26 | 98.07 | -11.72 | -21.73 | 66.67 | -54.02 | 133.33 | 33.33 | 183.33 | -88.89 | 20.84 | 56.57 | -2.93 |
| 22Q4 (13) | 0.34 | -43.33 | 209.09 | 27.55 | 18.44 | 39.49 | 11.89 | 57.48 | 239.71 | 8.39 | -47.43 | 323.74 | 6.69 | -46.78 | 194.71 | 2.28 | -44.79 | 256.25 | 1.20 | -40.0 | 200.0 | 0.16 | 6.67 | 23.08 | 12.76 | -38.36 | 71.74 | 111.09 | -5.82 | -6.97 | 145.00 | 207.06 | -17.14 | -40.00 | -175.79 | 46.67 | 13.31 | -5.94 | -17.59 |
| 22Q3 (12) | 0.60 | 2900.0 | 160.87 | 23.26 | 20.46 | -0.43 | 7.55 | 635.46 | 33.16 | 15.96 | 456.1 | 200.0 | 12.57 | 2693.33 | 135.83 | 4.13 | 4030.0 | 195.0 | 2.00 | 1150.0 | 153.16 | 0.15 | 50.0 | 15.38 | 20.70 | 105.56 | 87.16 | 117.95 | -4.84 | 5.96 | 47.22 | 194.44 | -52.78 | 52.78 | -64.81 | 680.56 | 14.15 | -19.78 | 1.14 |
| 22Q2 (11) | 0.02 | -50.0 | -77.78 | 19.31 | -0.82 | -24.01 | -1.41 | 52.68 | -118.15 | 2.87 | 124.22 | 36.67 | 0.45 | -57.55 | -80.43 | 0.10 | -56.52 | -80.0 | 0.16 | -23.81 | -54.29 | 0.10 | 0.0 | -9.09 | 10.07 | 25.09 | 11.39 | 123.95 | -1.07 | 27.48 | -50.00 | 75.0 | -111.54 | 150.00 | -50.0 | 150.0 | 17.64 | -17.84 | 5.63 |
| 22Q1 (10) | 0.04 | -63.64 | 0.0 | 19.47 | -1.42 | -4.89 | -2.98 | -185.14 | -213.74 | 1.28 | -35.35 | 40.66 | 1.06 | -53.3 | 16.48 | 0.23 | -64.06 | 9.52 | 0.21 | -47.5 | 0.0 | 0.10 | -23.08 | -16.67 | 8.05 | 8.34 | 5.92 | 125.29 | 4.92 | 24.49 | -200.00 | -214.29 | -200.0 | 300.00 | 500.0 | 300.0 | 21.47 | 32.94 | 24.54 |
| 21Q4 (9) | 0.11 | -52.17 | 132.35 | 19.75 | -15.45 | 28.58 | 3.50 | -38.27 | 294.44 | 1.98 | -62.78 | 116.87 | 2.27 | -57.41 | 119.27 | 0.64 | -54.29 | 127.35 | 0.40 | -49.37 | 138.1 | 0.13 | 0.0 | 30.0 | 7.43 | -32.82 | 275.65 | 119.41 | 7.27 | 19.02 | 175.00 | 75.0 | 891.67 | -75.00 | -725.0 | -191.07 | 16.15 | 15.44 | 3.33 |
| 21Q3 (8) | 0.23 | 155.56 | 146.94 | 23.36 | -8.07 | 133.6 | 5.67 | -27.03 | 124.56 | 5.32 | 153.33 | 122.54 | 5.33 | 131.74 | 122.67 | 1.40 | 180.0 | 140.46 | 0.79 | 125.71 | 150.32 | 0.13 | 18.18 | 85.71 | 11.06 | 22.35 | 187.64 | 111.32 | 14.49 | 8.06 | 100.00 | -76.92 | 0.0 | -9.09 | 96.97 | -318.18 | 13.99 | -16.23 | -48.92 |
| 21Q2 (7) | 0.09 | 125.0 | 169.23 | 25.41 | 24.13 | 15.45 | 7.77 | 196.56 | 237.77 | 2.10 | 130.77 | 129.91 | 2.30 | 152.75 | 139.45 | 0.50 | 138.1 | 157.47 | 0.35 | 66.67 | 212.9 | 0.11 | -8.33 | 57.14 | 9.04 | 18.95 | 146.32 | 97.23 | -3.39 | -10.82 | 433.33 | 116.67 | 477.78 | -300.00 | -100.0 | -2500.0 | 16.70 | -3.13 | -33.78 |
| 21Q1 (6) | 0.04 | 111.76 | 113.79 | 20.47 | 33.27 | -0.58 | 2.62 | 245.56 | 135.65 | 0.91 | 107.75 | 107.98 | 0.91 | 107.72 | 108.07 | 0.21 | 108.97 | 110.66 | 0.21 | 120.0 | 125.0 | 0.12 | 20.0 | 33.33 | 7.60 | 279.67 | 434.8 | 100.64 | 0.31 | -6.11 | 200.00 | 1033.33 | 200.0 | -150.00 | -282.14 | -550.0 | 17.24 | 10.3 | 0 |
| 20Q4 (5) | -0.34 | 30.61 | -126.67 | 15.36 | 53.6 | -22.5 | -1.80 | 92.2 | -7.78 | -11.74 | 50.25 | -52.07 | -11.78 | 49.89 | -110.73 | -2.34 | 32.37 | -95.0 | -1.05 | 33.12 | -118.75 | 0.10 | 42.86 | -9.09 | -4.23 | 66.48 | -616.95 | 100.33 | -2.61 | -1.93 | 17.65 | -82.35 | -23.53 | 82.35 | 1876.47 | 7.06 | 15.63 | -42.94 | 0 |
| 20Q3 (4) | -0.49 | -276.92 | 0.0 | 10.00 | -54.57 | 0.0 | -23.09 | -309.4 | 0.0 | -23.60 | -236.18 | 0.0 | -23.51 | -303.26 | 0.0 | -3.46 | -297.7 | 0.0 | -1.57 | -406.45 | 0.0 | 0.07 | 0.0 | 0.0 | -12.62 | -443.87 | 0.0 | 103.02 | -5.51 | 0.0 | 100.00 | 33.33 | 0.0 | 4.17 | -66.67 | 0.0 | 27.39 | 8.6 | 0.0 |
| 20Q2 (3) | -0.13 | 55.17 | 0.0 | 22.01 | 6.9 | 0.0 | -5.64 | 23.27 | 0.0 | -7.02 | 38.42 | 0.0 | -5.83 | 48.32 | 0.0 | -0.87 | 55.84 | 0.0 | -0.31 | 63.1 | 0.0 | 0.07 | -22.22 | 0.0 | 3.67 | 261.67 | 0.0 | 109.03 | 1.72 | 0.0 | 75.00 | 12.5 | 0.0 | 12.50 | -62.5 | 0.0 | 25.22 | 0 | 0.0 |
| 20Q1 (2) | -0.29 | -93.33 | 0.0 | 20.59 | 3.88 | 0.0 | -7.35 | -340.12 | 0.0 | -11.40 | -47.67 | 0.0 | -11.28 | -101.79 | 0.0 | -1.97 | -64.17 | 0.0 | -0.84 | -75.0 | 0.0 | 0.09 | -18.18 | 0.0 | -2.27 | -284.75 | 0.0 | 107.19 | 4.78 | 0.0 | 66.67 | 188.89 | 0.0 | 33.33 | -56.67 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.15 | 0.0 | 0.0 | 19.82 | 0.0 | 0.0 | -1.67 | 0.0 | 0.0 | -7.72 | 0.0 | 0.0 | -5.59 | 0.0 | 0.0 | -1.20 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -0.59 | 0.0 | 0.0 | 102.30 | 0.0 | 0.0 | 23.08 | 0.0 | 0.0 | 76.92 | 0.0 | 0.0 | 0.00 | 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) | 1.68 | 68.0 | 28.91 | 25.1 | 10.86 | 111.28 | 4.10 | -4.55 | 12.85 | 57.09 | 10.21 | 66.56 | 10.97 | 64.71 | 6.20 | 73.18 | 0.55 | 7.84 | 18.34 | 34.16 | 81.73 | -26.43 | 84.91 | 37.16 | 16.04 | -56.07 | 0.00 | 0 | 15.59 | -2.44 |
| 2022 (9) | 1.00 | 112.77 | 23.11 | 4.29 | 5.14 | 6.2 | 4.30 | -11.91 | 8.18 | 207.52 | 6.13 | 119.71 | 6.66 | 132.06 | 3.58 | 100.0 | 0.51 | 4.08 | 13.67 | 57.67 | 111.09 | -6.97 | 61.90 | -65.61 | 36.51 | 0 | 0.00 | 0 | 15.98 | 0.25 |
| 2021 (8) | 0.47 | 0 | 22.16 | 29.44 | 4.84 | 0 | 4.88 | -35.93 | 2.66 | 0 | 2.79 | 0 | 2.87 | 0 | 1.79 | 0 | 0.49 | 53.12 | 8.67 | 0 | 119.41 | 19.02 | 180.00 | 174.29 | -80.00 | 0 | 0.07 | -3.28 | 15.94 | -29.75 |
| 2020 (7) | -1.24 | 0 | 17.12 | -34.76 | -8.70 | 0 | 7.61 | 7.73 | -13.12 | 0 | -12.81 | 0 | -8.27 | 0 | -3.66 | 0 | 0.32 | -11.11 | -3.50 | 0 | 100.33 | -1.93 | 65.62 | 0 | 32.81 | 0 | 0.07 | 5.43 | 22.69 | 16.12 |
| 2019 (6) | 0.11 | -79.25 | 26.24 | 7.94 | -0.26 | 0 | 7.07 | 11.36 | -0.05 | 0 | 0.00 | 0 | 0.00 | 0 | 0.50 | -73.68 | 0.36 | 9.09 | 9.01 | -36.68 | 102.30 | 4.84 | 0.00 | 0 | 0.00 | 0 | 0.06 | 3.22 | 19.54 | 2.52 |
| 2018 (5) | 0.53 | 0 | 24.31 | 0.79 | 0.41 | -60.58 | 6.35 | -8.46 | 6.06 | 0 | 4.38 | 0 | 2.68 | 0 | 1.90 | 0 | 0.33 | 6.45 | 14.23 | 0 | 97.58 | 27.71 | 6.45 | 0 | 93.55 | -16.85 | 0.06 | 0 | 19.06 | -0.63 |
| 2017 (4) | -0.68 | 0 | 24.12 | -18.1 | 1.04 | -71.97 | 6.93 | 22.48 | -8.42 | 0 | -7.71 | 0 | -3.81 | 0 | -2.03 | 0 | 0.31 | -3.13 | -0.21 | 0 | 76.41 | 66.11 | -12.50 | 0 | 112.50 | 0 | 0.00 | 0 | 19.18 | -2.34 |
| 2016 (3) | 0.16 | -71.43 | 29.45 | -18.15 | 3.71 | -69.86 | 5.66 | 11.48 | 1.99 | -77.64 | 1.04 | -82.1 | 0.48 | -83.16 | 0.63 | -72.49 | 0.32 | -8.57 | 8.81 | -40.43 | 46.00 | 18.16 | 200.00 | 42.86 | -88.89 | 0 | 0.00 | 0 | 19.64 | -1.95 |
| 2015 (2) | 0.56 | -15.15 | 35.98 | 28.78 | 12.31 | 91.74 | 5.08 | 0.34 | 8.90 | 3.37 | 5.81 | -7.34 | 2.85 | -22.13 | 2.29 | -28.66 | 0.35 | -22.22 | 14.79 | -1.0 | 38.93 | 3.21 | 140.00 | 86.67 | -37.50 | 0 | 0.00 | 0 | 20.03 | -1.38 |
| 2014 (1) | 0.66 | -69.86 | 27.94 | 0 | 6.42 | 0 | 5.06 | 34.54 | 8.61 | 0 | 6.27 | 0 | 3.66 | 0 | 3.21 | 0 | 0.45 | -32.84 | 14.94 | -35.69 | 37.72 | 74.63 | 75.00 | 30.1 | 25.00 | -40.97 | 0.00 | 0 | 20.31 | 15.33 |
