- 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) | 0.65 | -38.1 | -15.58 | 24.53 | -9.75 | -6.12 | 10.84 | -15.51 | 0.37 | 10.18 | -37.12 | -36.53 | 7.68 | -39.0 | -34.58 | 2.55 | -38.85 | -19.81 | 1.67 | -38.6 | -14.8 | 0.21 | 0.0 | 31.25 | 14.46 | -30.81 | -36.19 | 60.71 | 0.21 | -7.07 | 105.97 | 34.4 | 58.96 | -5.97 | -129.57 | -118.6 | 32.10 | 2.2 | -6.5 |
| 24Q2 (19) | 1.05 | 75.0 | 84.21 | 27.18 | 17.05 | 26.36 | 12.83 | 64.07 | 84.87 | 16.19 | 42.27 | 47.85 | 12.59 | 45.38 | 48.47 | 4.17 | 70.9 | 77.45 | 2.72 | 72.15 | 78.95 | 0.21 | 23.53 | 31.25 | 20.90 | 25.6 | 14.52 | 60.58 | -2.71 | -22.27 | 78.85 | 14.51 | 22.65 | 20.19 | -35.17 | -46.15 | 31.41 | -12.26 | -10.64 |
| 24Q1 (18) | 0.60 | 360.87 | 2100.0 | 23.22 | 49.13 | 98.8 | 7.82 | 468.87 | 630.84 | 11.38 | 358.05 | 57000.0 | 8.66 | 314.36 | 2574.29 | 2.44 | 362.37 | 2133.33 | 1.58 | 436.17 | 5166.67 | 0.17 | 21.43 | -10.53 | 16.64 | 454.67 | 187.89 | 62.27 | -3.41 | -10.72 | 68.85 | 45.36 | 0 | 31.15 | -40.82 | 0 | 35.80 | -13.25 | 28.87 |
| 23Q4 (17) | -0.23 | -129.87 | -291.67 | 15.57 | -40.41 | -23.0 | -2.12 | -119.63 | -130.68 | -4.41 | -127.49 | -232.43 | -4.04 | -134.41 | -343.37 | -0.93 | -129.25 | -286.0 | -0.47 | -123.98 | -227.03 | 0.14 | -12.5 | -17.65 | 3.00 | -86.76 | -66.48 | 64.47 | -1.32 | -11.47 | 47.37 | -28.95 | -76.92 | 52.63 | 63.97 | 150.0 | 41.27 | 20.22 | 29.33 |
| 23Q3 (16) | 0.77 | 35.09 | -3.75 | 26.13 | 21.48 | 16.24 | 10.80 | 55.62 | 44.39 | 16.04 | 46.48 | 16.99 | 11.74 | 38.44 | 13.65 | 3.18 | 35.32 | -5.92 | 1.96 | 28.95 | 1.55 | 0.16 | 0.0 | -11.11 | 22.66 | 24.16 | 23.42 | 65.33 | -16.18 | -18.82 | 66.67 | 3.7 | 21.48 | 32.10 | -14.4 | -28.86 | 34.33 | -2.33 | 1.0 |
| 23Q2 (15) | 0.57 | 2000.0 | -24.0 | 21.51 | 84.16 | -13.51 | 6.94 | 548.6 | -24.57 | 10.95 | 54850.0 | -22.29 | 8.48 | 2522.86 | -22.27 | 2.35 | 2058.33 | -27.91 | 1.52 | 4966.67 | -20.0 | 0.16 | -15.79 | -5.88 | 18.25 | 215.74 | -5.54 | 77.94 | 11.74 | -7.61 | 64.29 | 0 | -1.6 | 37.50 | 0 | 8.17 | 35.15 | 26.53 | -2.63 |
| 23Q1 (14) | -0.03 | -125.0 | -107.14 | 11.68 | -42.24 | -34.89 | 1.07 | -84.52 | -81.74 | -0.02 | -100.6 | -100.25 | -0.35 | -121.08 | -106.19 | -0.12 | -124.0 | -106.45 | 0.03 | -91.89 | -97.32 | 0.19 | 11.76 | 0.0 | 5.78 | -35.42 | -55.23 | 69.75 | -4.22 | -4.35 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 27.78 | -12.94 | -15.41 |
| 22Q4 (13) | 0.12 | -85.0 | -72.09 | 20.22 | -10.05 | -14.43 | 6.91 | -7.62 | -16.14 | 3.33 | -75.71 | -52.16 | 1.66 | -83.93 | -71.58 | 0.50 | -85.21 | -74.36 | 0.37 | -80.83 | -68.1 | 0.17 | -5.56 | -10.53 | 8.95 | -51.25 | -24.28 | 72.82 | -9.52 | -8.52 | 205.26 | 274.04 | 70.32 | -105.26 | -333.29 | -486.47 | 31.91 | -6.12 | 0.03 |
| 22Q3 (12) | 0.80 | 6.67 | 60.0 | 22.48 | -9.61 | -10.55 | 7.48 | -18.7 | -23.6 | 13.71 | -2.7 | 37.51 | 10.33 | -5.32 | 33.98 | 3.38 | 3.68 | 45.69 | 1.93 | 1.58 | 40.88 | 0.18 | 5.88 | 5.88 | 18.36 | -4.97 | 14.97 | 80.48 | -4.6 | 4.98 | 54.88 | -16.0 | -44.0 | 45.12 | 30.16 | 2156.1 | 33.99 | -5.84 | -3.25 |
| 22Q2 (11) | 0.75 | 78.57 | 257.14 | 24.87 | 38.63 | 36.87 | 9.20 | 57.0 | 97.0 | 14.09 | 75.91 | 376.01 | 10.91 | 93.1 | 341.7 | 3.26 | 75.27 | 243.16 | 1.90 | 69.64 | 211.48 | 0.17 | -10.53 | -22.73 | 19.32 | 49.65 | 148.33 | 84.36 | 15.69 | 5.52 | 65.33 | -11.61 | -58.62 | 34.67 | 32.89 | 159.88 | 36.10 | 9.93 | 27.7 |
| 22Q1 (10) | 0.42 | -2.33 | 2000.0 | 17.94 | -24.08 | -1.59 | 5.86 | -28.88 | 530.11 | 8.01 | 15.09 | 460.14 | 5.65 | -3.25 | 1514.29 | 1.86 | -4.62 | 1966.67 | 1.12 | -3.45 | 833.33 | 0.19 | 0.0 | 26.67 | 12.91 | 9.22 | 59.78 | 72.92 | -8.39 | -6.01 | 73.91 | -38.67 | 29.35 | 26.09 | 245.34 | -8.7 | 32.84 | 2.95 | -11.98 |
| 21Q4 (9) | 0.43 | -14.0 | 13.16 | 23.63 | -5.97 | -5.56 | 8.24 | -15.83 | -35.37 | 6.96 | -30.19 | 20.83 | 5.84 | -24.25 | 15.42 | 1.95 | -15.95 | 11.43 | 1.16 | -15.33 | 14.85 | 0.19 | 11.76 | 0.0 | 11.82 | -25.99 | 6.01 | 79.60 | 3.84 | -5.28 | 120.51 | 22.97 | -44.63 | -17.95 | -997.44 | 85.12 | 31.90 | -9.19 | 17.63 |
| 21Q3 (8) | 0.50 | 138.1 | 38.89 | 25.13 | 38.3 | -0.83 | 9.79 | 109.64 | 5.04 | 9.97 | 236.82 | 57.75 | 7.71 | 212.15 | 35.98 | 2.32 | 144.21 | 37.28 | 1.37 | 124.59 | 41.24 | 0.17 | -22.73 | 6.25 | 15.97 | 105.27 | 30.47 | 76.66 | -4.12 | -15.74 | 98.00 | -37.93 | -33.96 | 2.00 | 103.45 | 104.13 | 35.13 | 24.27 | 15.79 |
| 21Q2 (7) | 0.21 | 950.0 | 1150.0 | 18.17 | -0.33 | -19.85 | 4.67 | 402.15 | 12.8 | 2.96 | 106.99 | 105.56 | 2.47 | 605.71 | 750.0 | 0.95 | 955.56 | 963.64 | 0.61 | 408.33 | 1120.0 | 0.22 | 46.67 | 57.14 | 7.78 | -3.71 | -3.95 | 79.95 | 3.05 | -11.28 | 157.89 | 176.32 | -41.83 | -57.89 | -302.63 | 66.23 | 28.27 | -24.23 | -15.51 |
| 21Q1 (6) | 0.02 | -94.74 | 106.06 | 18.23 | -27.14 | 15.53 | 0.93 | -92.71 | 114.67 | 1.43 | -75.17 | 131.71 | 0.35 | -93.08 | 105.37 | 0.09 | -94.86 | 105.92 | 0.12 | -88.12 | 116.0 | 0.15 | -21.05 | 15.38 | 8.08 | -27.53 | 143.37 | 77.58 | -7.69 | -17.76 | 57.14 | -73.75 | -58.86 | 28.57 | 123.69 | 173.47 | 37.31 | 37.57 | -8.62 |
| 20Q4 (5) | 0.38 | 5.56 | 90.0 | 25.02 | -1.26 | 12.7 | 12.75 | 36.8 | 153.98 | 5.76 | -8.86 | 292.64 | 5.06 | -10.76 | 65.9 | 1.75 | 3.55 | 92.31 | 1.01 | 4.12 | 65.57 | 0.19 | 18.75 | 11.76 | 11.15 | -8.91 | 235.84 | 84.04 | -7.63 | 16.05 | 217.65 | 46.68 | 225.57 | -120.59 | -149.22 | -144.12 | 27.12 | -10.61 | -16.86 |
| 20Q3 (4) | 0.36 | 1900.0 | 0.0 | 25.34 | 11.78 | 0.0 | 9.32 | 125.12 | 0.0 | 6.32 | 338.89 | 0.0 | 5.67 | 1592.11 | 0.0 | 1.69 | 1636.36 | 0.0 | 0.97 | 1840.0 | 0.0 | 0.16 | 14.29 | 0.0 | 12.24 | 51.11 | 0.0 | 90.98 | 0.97 | 0.0 | 148.39 | -45.33 | 0.0 | -48.39 | 71.77 | 0.0 | 30.34 | -9.32 | 0.0 |
| 20Q2 (3) | -0.02 | 93.94 | 0.0 | 22.67 | 43.66 | 0.0 | 4.14 | 165.3 | 0.0 | 1.44 | 131.93 | 0.0 | -0.38 | 94.17 | 0.0 | -0.11 | 92.76 | 0.0 | 0.05 | 106.67 | 0.0 | 0.14 | 7.69 | 0.0 | 8.10 | 143.98 | 0.0 | 90.11 | -4.47 | 0.0 | 271.43 | 95.43 | 0.0 | -171.43 | -340.82 | 0.0 | 33.46 | -18.05 | 0.0 |
| 20Q1 (2) | -0.33 | -265.0 | 0.0 | 15.78 | -28.92 | 0.0 | -6.34 | -226.29 | 0.0 | -4.51 | -50.84 | 0.0 | -6.52 | -313.77 | 0.0 | -1.52 | -267.03 | 0.0 | -0.75 | -222.95 | 0.0 | 0.13 | -23.53 | 0.0 | 3.32 | 0.0 | 0.0 | 94.33 | 30.25 | 0.0 | 138.89 | 180.13 | 0.0 | -38.89 | -114.23 | 0.0 | 40.83 | 25.17 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 22.20 | 0.0 | 0.0 | 5.02 | 0.0 | 0.0 | -2.99 | 0.0 | 0.0 | 3.05 | 0.0 | 0.0 | 0.91 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 72.42 | 0.0 | 0.0 | -173.33 | 0.0 | 0.0 | 273.33 | 0.0 | 0.0 | 32.62 | 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) | 1.08 | -48.57 | 18.44 | -13.55 | 4.22 | -42.43 | 5.83 | 35.37 | 5.68 | -41.8 | 4.00 | -43.74 | 4.42 | -50.67 | 3.09 | -42.67 | 0.65 | -9.72 | 12.39 | -16.62 | 64.47 | -11.47 | 74.58 | -0.86 | 25.42 | 2.62 | 0.00 | 0 | 34.02 | 1.01 |
| 2022 (9) | 2.10 | 81.03 | 21.33 | 0.52 | 7.33 | 22.17 | 4.31 | 1.51 | 9.76 | 84.15 | 7.11 | 72.57 | 8.96 | 71.32 | 5.39 | 71.66 | 0.72 | 2.86 | 14.86 | 37.72 | 72.82 | -8.52 | 75.23 | -33.45 | 24.77 | 0 | 0.00 | 0 | 33.68 | 2.97 |
| 2021 (8) | 1.16 | 197.44 | 21.22 | -6.35 | 6.00 | 1.01 | 4.24 | -19.25 | 5.30 | 90.65 | 4.12 | 164.1 | 5.23 | 197.16 | 3.14 | 136.09 | 0.70 | 11.11 | 10.79 | 19.23 | 79.60 | -5.28 | 113.04 | -47.44 | -13.04 | 0 | 0.00 | 0 | 32.71 | 1.46 |
| 2020 (7) | 0.39 | 116.67 | 22.66 | 2.26 | 5.94 | 123.31 | 5.25 | -17.89 | 2.78 | 2988.89 | 1.56 | 97.47 | 1.76 | 114.63 | 1.33 | 60.24 | 0.63 | 6.78 | 9.05 | 17.84 | 84.04 | 16.05 | 215.09 | -91.04 | -115.09 | 0 | 0.00 | 0 | 32.24 | -13.38 |
| 2019 (6) | 0.18 | 0 | 22.16 | 27.58 | 2.66 | 0 | 6.40 | 14.42 | 0.09 | 0 | 0.79 | 0 | 0.82 | 0 | 0.83 | 0 | 0.59 | -15.71 | 7.68 | 74.94 | 72.42 | -12.35 | 2400.00 | 1439.62 | -2300.00 | 0 | 0.00 | 0 | 37.22 | -4.66 |
| 2018 (5) | -0.74 | 0 | 17.37 | -14.35 | -2.57 | 0 | 5.59 | 17.03 | -1.65 | 0 | -2.74 | 0 | -3.19 | 0 | -1.67 | 0 | 0.70 | -18.6 | 4.39 | -23.12 | 82.62 | 54.6 | 155.88 | -73.32 | -55.88 | 0 | 0.00 | 0 | 39.04 | 17.38 |
| 2017 (4) | 0.21 | -92.91 | 20.28 | -23.53 | 4.49 | -56.79 | 4.78 | -9.5 | 0.77 | -93.6 | 0.67 | -92.25 | 0.87 | -93.22 | 0.70 | -91.29 | 0.86 | -6.52 | 5.71 | -67.18 | 53.44 | 9.28 | 584.21 | 578.37 | -484.21 | 0 | 0.00 | 0 | 33.26 | 5.49 |
| 2016 (3) | 2.96 | -60.69 | 26.52 | -21.24 | 10.39 | -38.95 | 5.28 | 51.29 | 12.04 | -38.7 | 8.65 | -43.79 | 12.84 | -63.8 | 8.04 | -58.56 | 0.92 | -26.4 | 17.40 | -25.19 | 48.90 | -36.63 | 86.12 | -0.64 | 13.56 | 1.81 | 0.00 | 0 | 31.53 | 9.71 |
| 2015 (2) | 7.53 | -5.99 | 33.67 | -8.8 | 17.02 | -3.3 | 3.49 | 19.65 | 19.64 | -1.65 | 15.39 | -2.96 | 35.47 | -17.03 | 19.40 | -8.62 | 1.25 | -5.3 | 23.26 | 0.61 | 77.16 | -16.29 | 86.68 | -1.64 | 13.32 | 12.17 | 0.00 | 0 | 28.74 | 0.63 |
| 2014 (1) | 8.01 | 88.47 | 36.92 | 0 | 17.60 | 0 | 2.92 | -22.37 | 19.97 | 0 | 15.86 | 0 | 42.75 | 0 | 21.23 | 0 | 1.32 | 14.78 | 23.12 | 39.7 | 92.17 | -22.73 | 88.12 | -4.07 | 11.88 | 40.16 | 0.00 | 0 | 28.56 | 0.88 |
