- 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) | 0.57 | 216.67 | 1525.0 | 16.65 | -1.42 | 464.41 | 6.98 | 44.51 | 175.95 | 12.16 | 170.82 | 1236.45 | 9.72 | 176.92 | 1204.55 | 2.47 | 208.75 | 1472.22 | 1.16 | 146.81 | 1350.0 | 0.10 | 11.11 | 25.0 | 28.10 | 23.41 | 37.41 | 146.60 | -3.59 | -2.33 | 58.33 | -45.1 | -93.97 | 41.67 | 766.67 | 105.0 | 30.74 | -4.59 | -7.19 |
| 24Q2 (19) | 0.18 | 220.0 | 212.5 | 16.89 | 3738.64 | 968.99 | 4.83 | 136.56 | 143.4 | 4.49 | 195.94 | 201.58 | 3.51 | 197.77 | 198.87 | 0.80 | 219.4 | 217.65 | 0.47 | 527.27 | 491.67 | 0.09 | 28.57 | 12.5 | 22.77 | 27.71 | 18.16 | 152.06 | -0.89 | 0.88 | 106.25 | -63.65 | -59.38 | -6.25 | 96.61 | 95.94 | 32.22 | -20.11 | -10.05 |
| 24Q1 (18) | -0.15 | 74.14 | 55.88 | 0.44 | -90.64 | -89.6 | -13.21 | -49.94 | -74.74 | -4.68 | 71.31 | 54.65 | -3.59 | 72.93 | 55.12 | -0.67 | 73.62 | 52.14 | -0.11 | 87.36 | 73.81 | 0.07 | -12.5 | 0.0 | 17.83 | 212.81 | 14.15 | 153.43 | 3.09 | 0.83 | 292.31 | 450.89 | 298.6 | -184.62 | -511.19 | -792.31 | 40.33 | 8.47 | 10.83 |
| 23Q4 (17) | -0.58 | -1350.0 | -287.1 | 4.70 | 59.32 | -69.54 | -8.81 | 4.13 | -255.11 | -16.31 | -1424.3 | -316.31 | -13.26 | -1406.82 | -306.86 | -2.54 | -1311.11 | -304.84 | -0.87 | -1187.5 | -233.85 | 0.08 | 0.0 | 0.0 | 5.70 | -72.13 | -81.31 | 148.83 | -0.85 | 5.14 | 53.06 | -94.51 | -30.18 | 44.90 | 105.39 | 87.07 | 37.18 | 12.26 | 10.36 |
| 23Q3 (16) | -0.04 | 75.0 | -105.33 | 2.95 | 86.71 | -80.03 | -9.19 | 17.43 | -275.38 | -1.07 | 75.79 | -106.67 | -0.88 | 75.21 | -106.86 | -0.18 | 73.53 | -105.86 | 0.08 | 166.67 | -94.16 | 0.08 | 0.0 | -20.0 | 20.45 | 6.12 | -41.89 | 150.10 | -0.42 | 3.15 | 966.67 | 269.61 | 2800.0 | -833.33 | -441.67 | -1320.93 | 33.12 | -7.54 | -2.82 |
| 23Q2 (15) | -0.16 | 52.94 | -134.04 | 1.58 | -62.65 | -91.84 | -11.13 | -47.22 | -246.83 | -4.42 | 57.17 | -138.07 | -3.55 | 55.62 | -138.21 | -0.68 | 51.43 | -134.87 | -0.12 | 71.43 | -113.19 | 0.08 | 14.29 | 0.0 | 19.27 | 23.37 | -43.19 | 150.73 | -0.95 | 1.11 | 261.54 | 256.64 | 302.37 | -153.85 | -676.92 | -539.56 | 35.82 | -1.57 | 1.16 |
| 23Q1 (14) | -0.34 | -209.68 | -225.93 | 4.23 | -72.59 | -66.56 | -7.56 | -233.1 | -560.98 | -10.32 | -236.87 | -235.43 | -8.00 | -224.8 | -231.36 | -1.40 | -212.9 | -221.74 | -0.42 | -164.62 | -172.41 | 0.07 | -12.5 | -12.5 | 15.62 | -48.77 | -51.05 | 152.17 | 7.5 | 2.42 | 73.33 | -3.51 | 237.33 | 26.67 | 11.11 | -65.93 | 36.39 | 8.01 | 2.97 |
| 22Q4 (13) | 0.31 | -58.67 | 63.16 | 15.43 | 4.47 | -15.41 | 5.68 | 8.4 | -10.27 | 7.54 | -52.99 | 42.26 | 6.41 | -50.04 | 50.12 | 1.24 | -59.61 | 55.0 | 0.65 | -52.55 | 47.73 | 0.08 | -20.0 | 0.0 | 30.49 | -13.36 | 1.3 | 141.55 | -2.72 | -3.61 | 76.00 | 128.0 | -36.0 | 24.00 | -64.84 | 228.0 | 33.69 | -1.14 | 5.45 |
| 22Q3 (12) | 0.75 | 59.57 | 127.27 | 14.77 | -23.75 | -4.71 | 5.24 | -30.87 | 98.48 | 16.04 | 38.16 | 89.37 | 12.83 | 38.11 | 57.81 | 3.07 | 57.44 | 116.2 | 1.37 | 50.55 | 101.47 | 0.10 | 25.0 | 42.86 | 35.19 | 3.74 | -0.54 | 145.51 | -2.39 | -2.61 | 33.33 | -48.72 | 9.52 | 68.25 | 95.01 | -1.88 | 34.08 | -3.76 | 1.16 |
| 22Q2 (11) | 0.47 | 74.07 | 883.33 | 19.37 | 53.12 | 44.55 | 7.58 | 362.2 | 258.25 | 11.61 | 52.36 | 409.6 | 9.29 | 52.55 | 723.49 | 1.95 | 69.57 | 880.0 | 0.91 | 56.9 | 2933.33 | 0.08 | 0.0 | 14.29 | 33.92 | 6.3 | 40.92 | 149.07 | 0.33 | -7.35 | 65.00 | 199.0 | -50.0 | 35.00 | -55.28 | 216.67 | 35.41 | 0.2 | 9.56 |
| 22Q1 (10) | 0.27 | 42.11 | 158.7 | 12.65 | -30.65 | 461.43 | 1.64 | -74.09 | 106.84 | 7.62 | 43.77 | 139.22 | 6.09 | 42.62 | 141.97 | 1.15 | 43.75 | 158.97 | 0.58 | 31.82 | 190.62 | 0.08 | 0.0 | 60.0 | 31.91 | 6.01 | 96.01 | 148.58 | 1.18 | -5.82 | 21.74 | -81.69 | -82.44 | 78.26 | 517.39 | 428.7 | 35.34 | 10.61 | -3.86 |
| 21Q4 (9) | 0.19 | -42.42 | 205.56 | 18.24 | 17.68 | 1157.93 | 6.33 | 139.77 | 124.53 | 5.30 | -37.43 | 155.91 | 4.27 | -47.48 | 163.26 | 0.80 | -43.66 | 208.11 | 0.44 | -35.29 | 650.0 | 0.08 | 14.29 | 100.0 | 30.10 | -14.92 | -16.3 | 146.85 | -1.71 | -3.18 | 118.75 | 290.18 | -56.11 | -18.75 | -126.95 | 89.01 | 31.95 | -5.16 | -29.64 |
| 21Q3 (8) | 0.33 | 650.0 | 170.21 | 15.50 | 15.67 | 522.34 | 2.64 | 155.11 | 109.85 | 8.47 | 325.87 | 134.53 | 8.13 | 645.64 | 147.57 | 1.42 | 668.0 | 173.58 | 0.68 | 2166.67 | 201.49 | 0.07 | 0.0 | 40.0 | 35.38 | 46.99 | 119.34 | 149.41 | -7.14 | -1.73 | 30.43 | -76.59 | -72.0 | 69.57 | 331.88 | 900.0 | 33.69 | 4.24 | -22.8 |
| 21Q2 (7) | -0.06 | 86.96 | 83.78 | 13.40 | 482.86 | 5460.0 | -4.79 | 80.03 | 75.54 | -3.75 | 80.7 | 81.61 | -1.49 | 89.73 | 86.71 | -0.25 | 87.18 | 83.11 | 0.03 | 104.69 | 105.77 | 0.07 | 40.0 | 16.67 | 24.07 | 47.85 | 82.07 | 160.90 | 1.98 | 8.43 | 130.00 | 5.0 | 32.89 | -30.00 | -26.0 | -790.0 | 32.32 | -12.08 | -14.97 |
| 21Q1 (6) | -0.46 | -155.56 | -318.18 | -3.50 | -341.38 | -135.18 | -23.98 | 7.09 | -364.73 | -19.43 | -104.96 | -492.38 | -14.51 | -114.96 | -480.4 | -1.95 | -163.51 | -343.18 | -0.64 | -700.0 | -611.11 | 0.05 | 25.0 | -37.5 | 16.28 | -54.73 | -22.37 | 157.77 | 4.02 | 21.36 | 123.81 | -54.24 | -22.62 | -23.81 | 86.04 | 60.32 | 36.76 | -19.05 | 10.76 |
| 20Q4 (5) | -0.18 | 61.7 | -238.46 | 1.45 | 139.51 | -92.67 | -25.81 | 3.69 | -454.05 | -9.48 | 61.35 | -420.27 | -6.75 | 60.5 | -402.69 | -0.74 | 61.66 | -251.02 | -0.08 | 88.06 | -123.53 | 0.04 | -20.0 | -60.0 | 35.96 | 122.94 | 56.21 | 151.68 | -0.24 | 14.63 | 270.59 | 148.94 | 15.97 | -170.59 | -1861.76 | -20.42 | 45.41 | 4.06 | 0 |
| 20Q3 (4) | -0.47 | -27.03 | 0.0 | -3.67 | -1368.0 | 0.0 | -26.80 | -36.87 | 0.0 | -24.53 | -20.3 | 0.0 | -17.09 | -52.45 | 0.0 | -1.93 | -30.41 | 0.0 | -0.67 | -28.85 | 0.0 | 0.05 | -16.67 | 0.0 | 16.13 | 22.01 | 0.0 | 152.04 | 2.46 | 0.0 | 108.70 | 11.11 | 0.0 | -8.70 | -300.0 | 0.0 | 43.64 | 14.81 | 0.0 |
| 20Q2 (3) | -0.37 | -236.36 | 0.0 | -0.25 | -102.51 | 0.0 | -19.58 | -279.46 | 0.0 | -20.39 | -521.65 | 0.0 | -11.21 | -348.4 | 0.0 | -1.48 | -236.36 | 0.0 | -0.52 | -477.78 | 0.0 | 0.06 | -25.0 | 0.0 | 13.22 | -36.96 | 0.0 | 148.39 | 14.15 | 0.0 | 97.83 | -38.86 | 0.0 | 4.35 | 107.25 | 0.0 | 38.01 | 14.52 | 0.0 |
| 20Q1 (2) | -0.11 | -184.62 | 0.0 | 9.95 | -49.67 | 0.0 | -5.16 | -170.78 | 0.0 | -3.28 | -210.81 | 0.0 | -2.50 | -212.11 | 0.0 | -0.44 | -189.8 | 0.0 | -0.09 | -126.47 | 0.0 | 0.08 | -20.0 | 0.0 | 20.97 | -8.91 | 0.0 | 130.00 | -1.75 | 0.0 | 160.00 | -31.43 | 0.0 | -60.00 | 57.65 | 0.0 | 33.19 | 0 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 19.77 | 0.0 | 0.0 | 7.29 | 0.0 | 0.0 | 2.96 | 0.0 | 0.0 | 2.23 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 23.02 | 0.0 | 0.0 | 132.32 | 0.0 | 0.0 | 233.33 | 0.0 | 0.0 | -141.67 | 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) | -1.12 | 0 | 3.35 | -78.54 | -9.19 | 0 | 20.50 | 3.94 | -7.91 | 0 | -6.33 | 0 | -4.70 | 0 | -1.31 | 0 | 0.30 | -11.76 | 15.33 | -53.57 | 148.83 | 5.14 | 115.79 | 149.77 | -15.79 | 0 | 0.08 | 61.88 | 35.59 | 2.86 |
| 2022 (9) | 1.80 | 0 | 15.61 | 31.29 | 5.13 | 0 | 19.72 | -22.28 | 11.03 | 0 | 8.91 | 89000.0 | 7.38 | 73700.0 | 3.53 | 606.0 | 0.34 | 30.77 | 33.02 | 21.94 | 141.55 | -3.61 | 46.36 | -84.14 | 53.64 | 0 | 0.05 | -51.9 | 34.60 | 3.38 |
| 2021 (8) | 0.00 | 0 | 11.89 | 311.42 | -3.60 | 0 | 25.38 | -16.76 | -1.18 | 0 | 0.01 | 0 | 0.01 | 0 | 0.50 | 0 | 0.26 | 18.18 | 27.08 | 29.26 | 146.85 | -3.18 | 292.31 | 121.56 | -200.00 | 0 | 0.10 | -41.27 | 33.47 | -14.14 |
| 2020 (7) | -1.13 | 0 | 2.89 | -84.56 | -17.35 | 0 | 30.49 | 81.21 | -13.20 | 0 | -8.55 | 0 | -4.55 | 0 | -1.37 | 0 | 0.22 | -46.34 | 20.95 | -15.18 | 151.68 | 14.63 | 131.93 | 17.7 | -31.09 | 0 | 0.17 | 1.5 | 38.98 | 42.63 |
| 2019 (6) | 1.02 | -49.25 | 18.72 | -12.4 | 6.44 | -2.28 | 16.82 | 6.58 | 5.75 | -38.96 | 4.47 | -46.47 | 3.99 | -49.87 | 2.37 | -43.03 | 0.41 | -6.82 | 24.70 | -9.39 | 132.32 | 30.6 | 112.09 | 60.46 | -12.09 | 0 | 0.17 | -66.33 | 27.33 | -1.94 |
| 2018 (5) | 2.01 | 0 | 21.37 | 113.91 | 6.59 | 0 | 15.79 | -17.46 | 9.42 | 0 | 8.35 | 0 | 7.96 | 0 | 4.16 | 0 | 0.44 | 15.79 | 27.26 | 82.71 | 101.32 | -28.16 | 69.85 | -2.98 | 30.15 | 7.67 | 0.50 | 0 | 27.87 | -8.56 |
| 2017 (4) | -1.19 | 0 | 9.99 | -36.33 | -4.80 | 0 | 19.12 | -8.71 | -6.67 | 0 | -5.77 | 0 | -5.04 | 0 | -1.59 | 0 | 0.38 | 8.57 | 14.92 | -30.73 | 141.04 | 14.81 | 72.00 | 212.0 | 28.00 | -65.33 | 0.00 | 0 | 30.48 | -7.61 |
| 2016 (3) | -0.35 | 0 | 15.69 | -25.6 | -0.55 | 0 | 20.95 | 15.11 | -2.59 | 0 | -1.88 | 0 | -1.41 | 0 | 0.08 | -97.01 | 0.35 | -7.89 | 21.54 | -22.18 | 122.85 | 13.48 | 23.08 | -69.52 | 80.77 | 232.58 | 0.00 | 0 | 32.99 | 2.39 |
| 2015 (2) | 1.05 | -48.02 | 21.09 | -10.56 | 5.09 | -51.25 | 18.20 | 12.88 | 6.71 | -39.0 | 5.35 | -40.75 | 4.34 | -51.24 | 2.68 | -40.04 | 0.38 | -11.63 | 27.68 | -6.04 | 108.26 | -13.83 | 75.71 | -20.12 | 24.29 | 365.48 | 0.00 | 0 | 32.22 | 13.41 |
| 2014 (1) | 2.02 | -9.42 | 23.58 | 0 | 10.44 | 0 | 16.12 | -7.99 | 11.00 | 0 | 9.03 | 0 | 8.90 | 0 | 4.47 | 0 | 0.43 | 7.5 | 29.46 | -14.58 | 125.63 | -10.16 | 94.78 | -17.9 | 5.22 | 0 | 0.00 | 0 | 28.41 | -2.0 |
