- 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) | 0.33 | 266.67 | -23.26 | 30.03 | 35.88 | 4.78 | 8.86 | 284.2 | 435.61 | 6.90 | 292.05 | -35.87 | 5.28 | 245.1 | -43.23 | 2.03 | 269.09 | -22.81 | 0.93 | 173.53 | -25.0 | 0.16 | 14.29 | 33.33 | 9.92 | 96.83 | -35.25 | 141.66 | -7.57 | 6.02 | 127.54 | 146.38 | 630.28 | -28.99 | -107.73 | -123.37 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.09 | -88.31 | -89.29 | 22.10 | -36.44 | -31.28 | -4.81 | -166.34 | -141.32 | 1.76 | -91.19 | -89.71 | 1.53 | -90.03 | -88.77 | 0.55 | -88.47 | -89.74 | 0.34 | -83.81 | -85.15 | 0.14 | 7.69 | -12.5 | 5.04 | -78.66 | -75.47 | 153.27 | 6.67 | 13.3 | -275.00 | -853.88 | -502.85 | 375.00 | 490.35 | 1081.6 | 19.39 | -3.58 | 20.06 |
| 24Q1 (18) | 0.77 | 434.78 | 156.67 | 34.77 | 10.14 | 21.87 | 7.25 | 525.0 | 35.77 | 19.98 | 499.6 | 217.14 | 15.34 | 482.54 | 182.5 | 4.77 | 443.17 | 142.13 | 2.10 | 537.5 | 141.38 | 0.13 | -13.33 | -7.14 | 23.62 | 1434.46 | 129.1 | 143.69 | 6.88 | -8.81 | 36.48 | 264.15 | -56.54 | 63.52 | -48.96 | 295.25 | 20.11 | 3.66 | 14.72 |
| 23Q4 (17) | -0.23 | -153.49 | 28.12 | 31.57 | 10.15 | 11.36 | 1.16 | 143.94 | 187.88 | -5.00 | -146.47 | 0.6 | -4.01 | -143.12 | 28.39 | -1.39 | -152.85 | 32.52 | -0.48 | -138.71 | 32.39 | 0.15 | 25.0 | 7.14 | -1.77 | -111.55 | -59.46 | 134.44 | 0.61 | -14.04 | -22.22 | 7.6 | -183.33 | 124.44 | 0.32 | 69.7 | 19.40 | -14.91 | 13.85 |
| 23Q3 (16) | 0.43 | -48.81 | -4.44 | 28.66 | -10.88 | 36.15 | -2.64 | -122.68 | -185.71 | 10.76 | -37.08 | 16.58 | 9.30 | -31.72 | 60.34 | 2.63 | -50.93 | -9.31 | 1.24 | -45.85 | 0.81 | 0.12 | -25.0 | -36.84 | 15.32 | -25.45 | 25.68 | 133.62 | -1.23 | -13.69 | -24.05 | -135.23 | -171.52 | 124.05 | 290.88 | 86.9 | 22.80 | 41.18 | 74.05 |
| 23Q2 (15) | 0.84 | 180.0 | 660.0 | 32.16 | 12.72 | 42.36 | 11.64 | 117.98 | 320.45 | 17.10 | 171.43 | 577.65 | 13.62 | 150.83 | 468.11 | 5.36 | 172.08 | 636.0 | 2.29 | 163.22 | 889.66 | 0.16 | 14.29 | 60.0 | 20.55 | 99.32 | 789.61 | 135.28 | -14.15 | -15.8 | 68.26 | -18.66 | -53.82 | 31.74 | 97.47 | 166.36 | 16.15 | -7.87 | -26.02 |
| 23Q1 (14) | 0.30 | 193.75 | 42.86 | 28.53 | 0.63 | 20.53 | 5.34 | 504.55 | 293.48 | 6.30 | 225.25 | 25.75 | 5.43 | 196.96 | 29.59 | 1.97 | 195.63 | 44.85 | 0.87 | 222.54 | 45.0 | 0.14 | 0.0 | 7.69 | 10.31 | 1028.83 | 8.07 | 157.57 | 0.75 | 1.23 | 83.93 | 214.73 | 255.87 | 16.07 | -78.08 | -89.55 | 17.53 | 2.88 | -9.78 |
| 22Q4 (13) | -0.32 | -171.11 | -300.0 | 28.35 | 34.68 | 40.35 | -1.32 | -142.86 | -980.0 | -5.03 | -154.5 | -374.86 | -5.60 | -196.55 | -333.33 | -2.06 | -171.03 | -292.52 | -0.71 | -157.72 | -244.9 | 0.14 | -26.32 | -17.65 | -1.11 | -109.11 | -120.48 | 156.39 | 1.02 | -0.43 | 26.67 | -20.7 | 153.33 | 73.33 | 10.49 | -22.59 | 17.04 | 30.08 | 27.45 |
| 22Q3 (12) | 0.45 | 400.0 | 246.15 | 21.05 | -6.82 | -0.33 | 3.08 | 158.33 | 135.11 | 9.23 | 357.82 | 239.34 | 5.80 | 256.76 | 202.08 | 2.90 | 390.0 | 241.18 | 1.23 | 524.14 | 207.5 | 0.19 | 90.0 | 11.76 | 12.19 | 427.71 | 91.97 | 154.81 | -3.65 | -5.28 | 33.63 | -77.25 | -32.74 | 66.37 | 238.78 | 23.89 | 13.10 | -39.99 | -12.96 |
| 22Q2 (11) | -0.15 | -171.43 | -188.24 | 22.59 | -4.56 | 3.48 | -5.28 | -91.3 | -442.86 | -3.58 | -171.46 | -235.09 | -3.70 | -188.31 | -232.62 | -1.00 | -173.53 | -187.72 | -0.29 | -148.33 | -154.72 | 0.10 | -23.08 | -37.5 | 2.31 | -75.79 | -65.11 | 160.67 | 3.22 | 0.8 | 147.83 | 374.53 | 146.38 | -47.83 | -131.09 | -208.7 | 21.83 | 12.35 | 37.04 |
| 22Q1 (10) | 0.21 | 31.25 | 310.0 | 23.67 | 17.18 | 2.91 | -2.76 | -1940.0 | 14.29 | 5.01 | 173.77 | 243.14 | 4.19 | 74.58 | 309.5 | 1.36 | 27.1 | 312.5 | 0.60 | 22.45 | 452.94 | 0.13 | -23.53 | 0.0 | 9.54 | 76.01 | 412.9 | 155.66 | -0.89 | 0.85 | -53.85 | -611.54 | -158.33 | 153.85 | 62.39 | 1900.0 | 19.43 | 45.33 | 10.78 |
| 21Q4 (9) | 0.16 | 23.08 | 14.29 | 20.20 | -4.36 | 3.54 | 0.15 | -88.55 | 101.94 | 1.83 | -32.72 | -49.31 | 2.40 | 25.0 | -27.49 | 1.07 | 25.88 | 13.83 | 0.49 | 22.5 | -3.92 | 0.17 | 0.0 | 41.67 | 5.42 | -14.65 | -46.65 | 157.06 | -3.9 | 5.33 | 10.53 | -78.95 | 104.86 | 94.74 | 76.84 | -70.08 | 13.37 | -11.16 | -31.05 |
| 21Q3 (8) | 0.13 | -23.53 | 533.33 | 21.12 | -3.25 | -7.85 | 1.31 | -14.94 | 181.37 | 2.72 | 2.64 | 977.42 | 1.92 | -31.18 | 414.75 | 0.85 | -25.44 | 547.37 | 0.40 | -24.53 | 3900.0 | 0.17 | 6.25 | 30.77 | 6.35 | -4.08 | 25.0 | 163.44 | 2.53 | 24.58 | 50.00 | -16.67 | -90.91 | 53.57 | 21.75 | 111.9 | 15.05 | -5.52 | -15.5 |
| 21Q2 (7) | 0.17 | 270.0 | 440.0 | 21.83 | -5.09 | 18.19 | 1.54 | 147.83 | 127.07 | 2.65 | 175.71 | 151.66 | 2.79 | 239.5 | 358.33 | 1.14 | 278.12 | 416.67 | 0.53 | 411.76 | 1160.0 | 0.16 | 23.08 | 6.67 | 6.62 | 255.91 | 2446.15 | 159.40 | 3.27 | 25.1 | 60.00 | -35.0 | -45.45 | 44.00 | 472.0 | 540.0 | 15.93 | -9.18 | 0 |
| 21Q1 (6) | -0.10 | -171.43 | -350.0 | 23.00 | 17.89 | -14.31 | -3.22 | 58.4 | 47.39 | -3.50 | -196.95 | -265.09 | -2.00 | -160.42 | -256.25 | -0.64 | -168.09 | -346.15 | -0.17 | -133.33 | -185.0 | 0.13 | 8.33 | 44.44 | 1.86 | -81.69 | -81.92 | 154.35 | 3.51 | 20.85 | 92.31 | 142.6 | 130.77 | 7.69 | -97.57 | -98.08 | 17.54 | -9.54 | 0 |
| 20Q4 (5) | 0.14 | 566.67 | -17.65 | 19.51 | -14.88 | -33.53 | -7.74 | -380.75 | -223.84 | 3.61 | 1264.52 | -6.96 | 3.31 | 642.62 | 27.31 | 0.94 | 594.74 | -13.76 | 0.51 | 5000.0 | -12.07 | 0.12 | -7.69 | -36.84 | 10.16 | 100.0 | 28.45 | 149.11 | 13.66 | 25.65 | -216.67 | -139.39 | -234.13 | 316.67 | 170.37 | 614.58 | 19.39 | 8.87 | 40.51 |
| 20Q3 (4) | -0.03 | 40.0 | 0.0 | 22.92 | 24.09 | 0.0 | -1.61 | 71.7 | 0.0 | -0.31 | 93.96 | 0.0 | -0.61 | 43.52 | 0.0 | -0.19 | 47.22 | 0.0 | 0.01 | 120.0 | 0.0 | 0.13 | -13.33 | 0.0 | 5.08 | 1853.85 | 0.0 | 131.19 | 2.96 | 0.0 | 550.00 | 400.0 | 0.0 | -450.00 | -4400.0 | 0.0 | 17.81 | 0 | 0.0 |
| 20Q2 (3) | -0.05 | -225.0 | 0.0 | 18.47 | -31.18 | 0.0 | -5.69 | 7.03 | 0.0 | -5.13 | -341.98 | 0.0 | -1.08 | -184.38 | 0.0 | -0.36 | -238.46 | 0.0 | -0.05 | -125.0 | 0.0 | 0.15 | 66.67 | 0.0 | 0.26 | -97.47 | 0.0 | 127.42 | -0.23 | 0.0 | 110.00 | 136.67 | 0.0 | -10.00 | -102.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | -76.47 | 0.0 | 26.84 | -8.55 | 0.0 | -6.12 | -197.92 | 0.0 | 2.12 | -45.36 | 0.0 | 1.28 | -50.77 | 0.0 | 0.26 | -76.15 | 0.0 | 0.20 | -65.52 | 0.0 | 0.09 | -52.63 | 0.0 | 10.29 | 30.09 | 0.0 | 127.72 | 7.63 | 0.0 | -300.00 | -285.71 | 0.0 | 400.00 | 750.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.17 | 0.0 | 0.0 | 29.35 | 0.0 | 0.0 | 6.25 | 0.0 | 0.0 | 3.88 | 0.0 | 0.0 | 2.60 | 0.0 | 0.0 | 1.09 | 0.0 | 0.0 | 0.58 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 7.91 | 0.0 | 0.0 | 118.67 | 0.0 | 0.0 | 161.54 | 0.0 | 0.0 | -61.54 | 0.0 | 0.0 | 13.80 | 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) | 1.34 | 644.44 | 30.36 | 27.78 | 4.35 | 0 | 2.52 | -18.09 | 7.33 | 213.25 | 6.09 | 651.85 | 8.50 | 614.29 | 3.92 | 366.67 | 0.57 | 0.0 | 11.09 | 72.74 | 134.44 | -14.04 | 59.38 | 0 | 40.62 | -70.16 | 0.23 | -15.35 | 18.73 | 9.66 |
| 2022 (9) | 0.18 | -50.0 | 23.76 | 10.92 | -0.84 | 0 | 3.07 | -3.65 | 2.34 | 91.8 | 0.81 | -45.64 | 1.19 | -50.0 | 0.84 | -33.86 | 0.57 | -9.52 | 6.42 | 21.82 | 156.39 | -0.43 | -36.14 | 0 | 136.14 | 52.75 | 0.27 | -11.79 | 17.08 | 11.63 |
| 2021 (8) | 0.36 | 260.0 | 21.42 | -0.23 | 0.14 | 0 | 3.19 | -34.21 | 1.22 | 0 | 1.49 | 152.54 | 2.38 | 266.15 | 1.27 | 89.55 | 0.63 | 34.04 | 5.27 | -11.28 | 157.06 | 5.33 | 10.87 | -99.37 | 89.13 | 0 | 0.31 | 161.82 | 15.30 | -25.51 |
| 2020 (7) | 0.10 | -16.67 | 21.47 | -18.95 | -5.19 | 0 | 4.84 | 28.06 | -0.29 | 0 | 0.59 | 7.27 | 0.65 | -13.33 | 0.67 | 3.08 | 0.47 | -24.19 | 5.94 | 8.39 | 149.11 | 25.65 | 1712.50 | 1161.84 | -1625.00 | 0 | 0.12 | -30.47 | 20.54 | 15.2 |
| 2019 (6) | 0.12 | -80.0 | 26.49 | -0.53 | 1.12 | -47.17 | 3.78 | 31.8 | 0.82 | -70.92 | 0.55 | -77.37 | 0.75 | -80.11 | 0.65 | -68.14 | 0.62 | -10.14 | 5.48 | -15.82 | 118.67 | -2.36 | 135.71 | 79.86 | -35.71 | 0 | 0.17 | 5.56 | 17.83 | 15.55 |
| 2018 (5) | 0.60 | 30.43 | 26.63 | 14.39 | 2.12 | 27.71 | 2.87 | -1.7 | 2.82 | 42.42 | 2.43 | 34.25 | 3.77 | 32.28 | 2.04 | 30.77 | 0.69 | 0.0 | 6.51 | 15.84 | 121.54 | -7.81 | 75.45 | -11.03 | 24.55 | 49.16 | 0.16 | 0 | 15.43 | 7.08 |
| 2017 (4) | 0.46 | -56.6 | 23.28 | -19.47 | 1.66 | -63.36 | 2.92 | -5.93 | 1.98 | -64.64 | 1.81 | -54.52 | 2.85 | -55.26 | 1.56 | -50.16 | 0.69 | -4.17 | 5.62 | -39.83 | 131.83 | 4.76 | 84.81 | 4.9 | 16.46 | -14.06 | 0.00 | 0 | 14.41 | 1.62 |
| 2016 (3) | 1.06 | 85.96 | 28.91 | 11.36 | 4.53 | 66.54 | 3.10 | -17.65 | 5.60 | 50.54 | 3.98 | 59.2 | 6.37 | 96.0 | 3.13 | 71.98 | 0.72 | 14.29 | 9.34 | 14.18 | 125.84 | 6.66 | 80.85 | 10.1 | 19.15 | -29.97 | 0.00 | 0 | 14.18 | -7.32 |
| 2015 (2) | 0.57 | -55.12 | 25.96 | 1.49 | 2.72 | -42.98 | 3.77 | 28.06 | 3.72 | -38.82 | 2.50 | -46.24 | 3.25 | -57.52 | 1.82 | -53.69 | 0.63 | -21.25 | 8.18 | -13.71 | 117.98 | 28.74 | 73.44 | -6.18 | 27.34 | 28.31 | 0.00 | 0 | 15.30 | 25.93 |
| 2014 (1) | 1.27 | -9.29 | 25.58 | 0 | 4.77 | 0 | 2.94 | 8.43 | 6.08 | 0 | 4.65 | 0 | 7.65 | 0 | 3.93 | 0 | 0.80 | -9.09 | 9.48 | -2.87 | 91.64 | -25.09 | 78.28 | -5.93 | 21.31 | 26.92 | 0.00 | 0 | 12.15 | 13.02 |
