- 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 | 3400.0 | 3400.0 | 20.95 | 27.43 | 17.24 | 10.32 | 248.65 | 46.38 | 25.22 | 5154.17 | 1714.39 | 20.27 | 2402.47 | 2925.37 | 2.33 | 3228.57 | 2812.5 | 2.08 | 2211.11 | 2211.11 | 0.10 | 25.0 | 0.0 | 33.00 | 209.28 | 251.81 | 9.57 | -44.04 | -41.4 | 40.00 | 0 | -94.29 | 60.00 | 0 | 112.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.01 | -92.31 | -95.83 | 16.44 | -33.03 | -28.65 | 2.96 | -67.58 | -75.27 | 0.48 | -95.97 | -96.96 | 0.81 | -92.4 | -92.79 | 0.07 | -91.67 | -95.33 | 0.09 | -88.46 | -92.91 | 0.08 | 14.29 | -27.27 | 10.67 | -53.32 | -53.91 | 17.10 | 48.44 | -18.96 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 23.69 | -2.03 | 23.0 |
| 24Q1 (18) | 0.13 | -59.38 | -78.69 | 24.55 | 0.49 | -16.04 | 9.13 | -30.25 | -56.57 | 11.92 | -55.93 | -53.42 | 10.66 | -48.53 | -49.86 | 0.84 | -58.42 | -79.16 | 0.78 | -56.42 | -75.08 | 0.07 | -22.22 | -50.0 | 22.86 | -37.32 | -25.83 | 11.52 | -2.78 | -61.88 | 75.00 | 56.82 | -10.48 | 25.00 | -52.08 | 32.14 | 24.18 | 7.09 | 56.91 |
| 23Q4 (17) | 0.32 | 3100.0 | -39.62 | 24.43 | 36.71 | -20.81 | 13.09 | 85.67 | -40.53 | 27.05 | 1846.04 | 19.85 | 20.71 | 2991.04 | 14.8 | 2.02 | 2425.0 | -44.2 | 1.79 | 1888.89 | -35.14 | 0.09 | -10.0 | -40.0 | 36.47 | 288.81 | 30.76 | 11.85 | -27.43 | -64.5 | 47.83 | -93.17 | -50.68 | 52.17 | 110.43 | 1621.74 | 22.58 | 8.98 | 20.81 |
| 23Q3 (16) | 0.01 | -95.83 | -98.21 | 17.87 | -22.44 | -29.34 | 7.05 | -41.1 | -62.54 | 1.39 | -91.2 | -93.11 | 0.67 | -94.04 | -95.85 | 0.08 | -94.67 | -98.01 | 0.09 | -92.91 | -97.18 | 0.10 | -9.09 | -50.0 | 9.38 | -59.48 | -61.6 | 16.33 | -22.61 | -54.28 | 700.00 | 815.38 | 642.42 | -500.00 | -2225.0 | -8850.0 | 20.72 | 7.58 | 35.25 |
| 23Q2 (15) | 0.24 | -60.66 | -41.46 | 23.04 | -21.2 | -3.15 | 11.97 | -43.05 | -28.79 | 15.79 | -38.3 | -9.2 | 11.24 | -47.13 | -21.29 | 1.50 | -62.78 | -49.66 | 1.27 | -59.42 | -50.78 | 0.11 | -21.43 | -38.89 | 23.15 | -24.89 | -1.95 | 21.10 | -30.18 | 32.04 | 76.47 | -8.73 | -20.34 | 23.53 | 24.37 | 488.24 | 19.26 | 24.98 | 14.71 |
| 23Q1 (14) | 0.61 | 15.09 | 577.78 | 29.24 | -5.22 | 148.43 | 21.02 | -4.5 | 445.97 | 25.59 | 13.38 | 503.54 | 21.26 | 17.85 | 544.24 | 4.03 | 11.33 | 501.49 | 3.13 | 13.41 | 439.66 | 0.14 | -6.67 | -22.22 | 30.82 | 10.51 | 187.77 | 30.22 | -9.47 | 101.33 | 83.78 | -13.6 | 0.54 | 18.92 | 524.32 | 13.51 | 15.41 | -17.55 | -10.61 |
| 22Q4 (13) | 0.53 | -5.36 | 152.38 | 30.85 | 21.98 | 122.42 | 22.01 | 16.95 | 118.79 | 22.57 | 11.84 | 131.25 | 18.04 | 11.77 | 129.81 | 3.62 | -10.17 | 132.05 | 2.76 | -13.48 | 101.46 | 0.15 | -25.0 | -11.76 | 27.89 | 14.16 | 64.93 | 33.38 | -6.55 | 138.26 | 96.97 | 2.85 | -9.96 | 3.03 | -46.97 | 0 | 18.69 | 22.0 | -0.74 |
| 22Q3 (12) | 0.56 | 36.59 | 133.33 | 25.29 | 6.31 | 24.52 | 18.82 | 11.96 | 73.78 | 20.18 | 16.04 | 55.83 | 16.14 | 13.03 | 47.8 | 4.03 | 35.23 | 122.65 | 3.19 | 23.64 | 103.18 | 0.20 | 11.11 | 42.86 | 24.43 | 3.47 | 13.0 | 35.72 | 123.53 | 176.9 | 94.29 | -1.79 | 10.0 | 5.71 | 42.86 | -60.0 | 15.32 | -8.76 | -32.24 |
| 22Q2 (11) | 0.41 | 355.56 | 173.33 | 23.79 | 102.12 | 14.54 | 16.81 | 336.62 | 92.78 | 17.39 | 310.14 | 86.59 | 14.28 | 332.73 | 111.87 | 2.98 | 344.78 | 168.47 | 2.58 | 344.83 | 165.98 | 0.18 | 0.0 | 28.57 | 23.61 | 120.45 | 33.39 | 15.98 | 6.46 | -10.43 | 96.00 | 15.2 | 5.6 | 4.00 | -76.0 | -56.0 | 16.79 | -2.61 | -17.17 |
| 22Q1 (10) | 0.09 | -57.14 | -43.75 | 11.77 | -15.14 | -47.87 | 3.85 | -61.73 | -65.44 | 4.24 | -56.56 | -57.21 | 3.30 | -57.96 | -58.49 | 0.67 | -57.05 | -42.74 | 0.58 | -57.66 | -45.79 | 0.18 | 5.88 | 38.46 | 10.71 | -36.66 | -41.95 | 15.01 | 7.14 | 36.83 | 83.33 | -22.62 | -24.24 | 16.67 | 0 | 266.67 | 17.24 | -8.44 | -20.77 |
| 21Q4 (9) | 0.21 | -12.5 | -16.0 | 13.87 | -31.71 | -35.31 | 10.06 | -7.11 | 16.57 | 9.76 | -24.63 | -38.54 | 7.85 | -28.11 | -42.15 | 1.56 | -13.81 | -15.68 | 1.37 | -12.74 | -19.88 | 0.17 | 21.43 | 30.77 | 16.91 | -21.79 | -34.48 | 14.01 | 8.6 | 62.34 | 107.69 | 25.64 | 101.92 | 0.00 | -100.0 | -100.0 | 18.83 | -16.72 | -15.6 |
| 21Q3 (8) | 0.24 | 60.0 | 2300.0 | 20.31 | -2.21 | 36.68 | 10.83 | 24.2 | 4111.11 | 12.95 | 38.95 | 1277.66 | 10.92 | 62.02 | 940.0 | 1.81 | 63.06 | 1710.0 | 1.57 | 61.86 | 1644.44 | 0.14 | 0.0 | 55.56 | 21.62 | 22.15 | 38.41 | 12.90 | -27.69 | 80.17 | 85.71 | -5.71 | 0 | 14.29 | 57.14 | -85.71 | 22.61 | 11.54 | -11.75 |
| 21Q2 (7) | 0.15 | -6.25 | 7.14 | 20.77 | -8.02 | 18.15 | 8.72 | -21.72 | 94.64 | 9.32 | -5.95 | -7.36 | 6.74 | -15.22 | -26.5 | 1.11 | -5.13 | 9.9 | 0.97 | -9.35 | 3.19 | 0.14 | 7.69 | 40.0 | 17.70 | -4.07 | -21.92 | 17.84 | 62.63 | 125.25 | 90.91 | -17.36 | 142.42 | 9.09 | 190.91 | -81.82 | 20.27 | -6.85 | 0 |
| 21Q1 (6) | 0.16 | -36.0 | 77.78 | 22.58 | 5.32 | 23.12 | 11.14 | 29.08 | 65.04 | 9.91 | -37.59 | 28.7 | 7.95 | -41.41 | 29.69 | 1.17 | -36.76 | 85.71 | 1.07 | -37.43 | 72.58 | 0.13 | 0.0 | 44.44 | 18.45 | -28.52 | -19.29 | 10.97 | 27.11 | 38.34 | 110.00 | 106.25 | 10.0 | -10.00 | -121.43 | -150.0 | 21.76 | -2.47 | -13.1 |
| 20Q4 (5) | 0.25 | 2400.0 | 13.64 | 21.44 | 44.28 | 4.43 | 8.63 | 3296.3 | -5.48 | 15.88 | 1589.36 | 18.33 | 13.57 | 1192.38 | 23.03 | 1.85 | 1750.0 | 18.59 | 1.71 | 1800.0 | 20.42 | 0.13 | 44.44 | 8.33 | 25.81 | 65.24 | 2.18 | 8.63 | 20.53 | -39.65 | 53.33 | 0 | -22.96 | 46.67 | -53.33 | 51.67 | 22.31 | -12.92 | 4.94 |
| 20Q3 (4) | 0.01 | -92.86 | 0.0 | 14.86 | -15.47 | 0.0 | -0.27 | -106.03 | 0.0 | 0.94 | -90.66 | 0.0 | 1.05 | -88.55 | 0.0 | 0.10 | -90.1 | 0.0 | 0.09 | -90.43 | 0.0 | 0.09 | -10.0 | 0.0 | 15.62 | -31.1 | 0.0 | 7.16 | -9.6 | 0.0 | 0.00 | -100.0 | 0.0 | 100.00 | 100.0 | 0.0 | 25.62 | 0 | 0.0 |
| 20Q2 (3) | 0.14 | 55.56 | 0.0 | 17.58 | -4.14 | 0.0 | 4.48 | -33.63 | 0.0 | 10.06 | 30.65 | 0.0 | 9.17 | 49.59 | 0.0 | 1.01 | 60.32 | 0.0 | 0.94 | 51.61 | 0.0 | 0.10 | 11.11 | 0.0 | 22.67 | -0.83 | 0.0 | 7.92 | -0.13 | 0.0 | 37.50 | -62.5 | 0.0 | 50.00 | 150.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.09 | -59.09 | 0.0 | 18.34 | -10.67 | 0.0 | 6.75 | -26.07 | 0.0 | 7.70 | -42.62 | 0.0 | 6.13 | -44.42 | 0.0 | 0.63 | -59.62 | 0.0 | 0.62 | -56.34 | 0.0 | 0.09 | -25.0 | 0.0 | 22.86 | -9.5 | 0.0 | 7.93 | -44.55 | 0.0 | 100.00 | 44.44 | 0.0 | 20.00 | -35.0 | 0.0 | 25.04 | 17.78 | 0.0 |
| 19Q4 (1) | 0.22 | 0.0 | 0.0 | 20.53 | 0.0 | 0.0 | 9.13 | 0.0 | 0.0 | 13.42 | 0.0 | 0.0 | 11.03 | 0.0 | 0.0 | 1.56 | 0.0 | 0.0 | 1.42 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 25.26 | 0.0 | 0.0 | 14.30 | 0.0 | 0.0 | 69.23 | 0.0 | 0.0 | 30.77 | 0.0 | 0.0 | 21.26 | 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) | 1.12 | -29.56 | 24.25 | 4.71 | 14.13 | -9.77 | 6.67 | 26.67 | 18.10 | 10.23 | 14.11 | 6.97 | 7.51 | -32.4 | 6.37 | -29.46 | 0.44 | -35.29 | 25.29 | 15.59 | 11.85 | -64.5 | 77.22 | -18.72 | 21.52 | 330.38 | 0.00 | 0 | 18.94 | 11.87 |
| 2022 (9) | 1.59 | 109.21 | 23.16 | 21.7 | 15.66 | 54.13 | 5.26 | -34.14 | 16.42 | 57.13 | 13.19 | 58.15 | 11.11 | 98.75 | 9.03 | 79.88 | 0.68 | 13.33 | 21.88 | 17.82 | 33.38 | 138.26 | 95.00 | -2.98 | 5.00 | 140.0 | 0.00 | 0 | 16.93 | -18.37 |
| 2021 (8) | 0.76 | 55.1 | 19.03 | 3.59 | 10.16 | 92.42 | 7.99 | -36.28 | 10.45 | 11.53 | 8.34 | 2.96 | 5.59 | 56.15 | 5.02 | 53.52 | 0.60 | 50.0 | 18.57 | -16.01 | 14.01 | 62.34 | 97.92 | 71.35 | 2.08 | -95.14 | 0.00 | 0 | 20.74 | -12.08 |
| 2020 (7) | 0.49 | -49.48 | 18.37 | -17.88 | 5.28 | -58.19 | 12.54 | 18.05 | 9.37 | -29.87 | 8.10 | -23.73 | 3.58 | -50.76 | 3.27 | -46.74 | 0.40 | -25.93 | 22.11 | -10.52 | 8.63 | -39.65 | 57.14 | -39.74 | 42.86 | 728.57 | 0.00 | 0 | 23.59 | 18.9 |
| 2019 (6) | 0.97 | -48.68 | 22.37 | -0.53 | 12.63 | -13.08 | 10.62 | 59.35 | 13.36 | -6.05 | 10.62 | -7.57 | 7.27 | -47.09 | 6.14 | -39.57 | 0.54 | -34.15 | 24.71 | 12.17 | 14.30 | -63.75 | 94.83 | -7.07 | 5.17 | 0 | 0.00 | 0 | 19.84 | 10.53 |
| 2018 (5) | 1.89 | 35.0 | 22.49 | 5.98 | 14.53 | 9.5 | 6.67 | -18.1 | 14.22 | 17.04 | 11.49 | 17.36 | 13.74 | 27.1 | 10.16 | 24.97 | 0.82 | 9.33 | 22.03 | 1.24 | 39.45 | -22.93 | 102.04 | -6.89 | -2.04 | 0 | 0.00 | 0 | 17.95 | -7.66 |
| 2017 (4) | 1.40 | 66.67 | 21.22 | -10.84 | 13.27 | 3.75 | 8.14 | -33.19 | 12.15 | 11.67 | 9.79 | 6.53 | 10.81 | 52.68 | 8.13 | 33.06 | 0.75 | 36.36 | 21.76 | -14.73 | 51.19 | 14.54 | 109.59 | -8.02 | -9.59 | 0 | 0.00 | 0 | 19.44 | -16.03 |
| 2016 (3) | 0.84 | 55.56 | 23.80 | 32.15 | 12.79 | 43.23 | 12.18 | 1.08 | 10.88 | 59.3 | 9.19 | 49.43 | 7.08 | 55.26 | 6.11 | 46.52 | 0.55 | 1.85 | 25.52 | 21.64 | 44.69 | 29.84 | 119.15 | -7.66 | -17.02 | 0 | 0.00 | 0 | 23.15 | 4.7 |
| 2015 (2) | 0.54 | -22.86 | 18.01 | -0.83 | 8.93 | -10.79 | 12.05 | 29.51 | 6.83 | -21.13 | 6.15 | -21.76 | 4.56 | -23.23 | 4.17 | -19.34 | 0.54 | -1.82 | 20.98 | 5.96 | 34.42 | -12.24 | 129.03 | 11.32 | -29.03 | 0 | 0.00 | 0 | 22.11 | 12.29 |
| 2014 (1) | 0.70 | 34.62 | 18.16 | 0 | 10.01 | 0 | 9.31 | 2.38 | 8.66 | 0 | 7.86 | 0 | 5.94 | 0 | 5.17 | 0 | 0.55 | 30.95 | 19.80 | -1.74 | 39.22 | 15.56 | 115.91 | 6.99 | -15.91 | 0 | 0.00 | 0 | 19.69 | -19.24 |
