- 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) | -0.22 | -132.84 | -127.85 | 3.31 | -80.04 | -73.41 | -3.42 | -128.41 | -138.26 | -4.22 | -136.63 | -149.01 | -3.38 | -136.7 | -149.06 | -1.21 | -132.27 | -127.07 | -0.31 | -116.94 | -115.66 | 0.15 | -16.67 | -42.31 | 2.13 | -87.62 | -82.41 | 150.39 | 18.71 | 2.45 | 78.57 | -25.0 | -24.51 | 21.43 | 550.0 | 625.0 | 15.83 | 8.05 | 86.67 |
| 24Q2 (19) | 0.67 | 1016.67 | 378.57 | 16.58 | 116.17 | 133.19 | 12.04 | 572.63 | 568.89 | 11.52 | 1138.71 | 956.88 | 9.21 | 1144.59 | 438.6 | 3.75 | 1109.68 | 368.75 | 1.83 | 471.88 | 245.28 | 0.18 | 0.0 | -10.0 | 17.21 | 168.07 | 194.19 | 126.69 | -2.91 | -14.7 | 104.76 | -55.1 | -40.14 | -4.76 | 95.24 | 93.65 | 14.65 | -4.68 | 29.53 |
| 24Q1 (18) | 0.06 | 117.65 | 110.34 | 7.67 | 508.73 | 253.09 | 1.79 | 132.6 | 115.47 | 0.93 | 114.16 | 107.29 | 0.74 | 114.07 | 107.25 | 0.31 | 116.4 | 109.72 | 0.32 | 157.14 | 126.67 | 0.18 | 20.0 | 28.57 | 6.42 | 0 | 208.08 | 130.49 | -8.7 | 1.96 | 233.33 | 172.22 | 154.55 | -100.00 | -800.0 | -1300.0 | 15.37 | -6.62 | -2.72 |
| 23Q4 (17) | -0.34 | -143.04 | -206.25 | 1.26 | -89.88 | -86.68 | -5.49 | -161.41 | -193.53 | -6.57 | -176.31 | -218.17 | -5.26 | -176.34 | -218.2 | -1.89 | -142.28 | -211.18 | -0.56 | -128.28 | -163.64 | 0.15 | -42.31 | -6.25 | 0.00 | -100.0 | -100.0 | 142.92 | -2.64 | 11.19 | 85.71 | -17.65 | -18.37 | 14.29 | 450.0 | 385.71 | 16.46 | 94.1 | 60.59 |
| 23Q3 (16) | 0.79 | 464.29 | 538.89 | 12.45 | 75.11 | 473.73 | 8.94 | 396.67 | 508.22 | 8.61 | 689.91 | 418.89 | 6.89 | 302.92 | 472.43 | 4.47 | 458.75 | 547.0 | 1.98 | 273.58 | 1090.0 | 0.26 | 30.0 | 30.0 | 12.11 | 107.01 | 1413.75 | 146.80 | -1.16 | -6.31 | 104.08 | -40.52 | 23.01 | -4.08 | 94.56 | -117.69 | 8.48 | -25.02 | -21.99 |
| 23Q2 (15) | 0.14 | 124.14 | 250.0 | 7.11 | 241.92 | 55.92 | 1.80 | 115.56 | 89.47 | 1.09 | 108.55 | 49.32 | 1.71 | 116.76 | 451.61 | 0.80 | 125.08 | 321.05 | 0.53 | 144.17 | 165.0 | 0.20 | 42.86 | -13.04 | 5.85 | 198.48 | 64.33 | 148.53 | 16.06 | -20.05 | 175.00 | 90.91 | 16.67 | -75.00 | -1000.0 | -200.0 | 11.31 | -28.42 | 17.57 |
| 23Q1 (14) | -0.58 | -281.25 | -150.0 | -5.01 | -152.96 | -127.13 | -11.57 | -297.1 | -188.19 | -12.75 | -329.32 | -200.39 | -10.20 | -329.21 | -200.99 | -3.19 | -287.65 | -155.57 | -1.20 | -236.36 | -151.06 | 0.14 | -12.5 | -36.36 | -5.94 | -155.2 | -137.59 | 127.98 | -0.44 | -6.62 | 91.67 | -12.7 | -11.03 | 8.33 | 266.67 | 375.0 | 15.80 | 54.15 | 31.23 |
| 22Q4 (13) | 0.32 | 277.78 | -75.19 | 9.46 | 335.94 | -43.11 | 5.87 | 368.04 | -51.21 | 5.56 | 305.93 | -53.78 | 4.45 | 340.54 | -55.14 | 1.70 | 270.0 | -78.18 | 0.88 | 540.0 | -69.97 | 0.16 | -20.0 | -42.86 | 10.76 | 1245.0 | -26.85 | 128.54 | -17.97 | -30.94 | 105.00 | 24.09 | 5.0 | -5.00 | -121.67 | 0 | 10.25 | -5.7 | -2.38 |
| 22Q3 (12) | -0.18 | -550.0 | -114.17 | 2.17 | -52.41 | -85.32 | -2.19 | -330.53 | -117.97 | -2.70 | -469.86 | -121.63 | -1.85 | -696.77 | -119.09 | -1.00 | -626.32 | -112.39 | -0.20 | -200.0 | -106.27 | 0.20 | -13.04 | -37.5 | 0.80 | -77.53 | -94.63 | 156.69 | -15.66 | -7.66 | 84.62 | -43.59 | -12.97 | 23.08 | 192.31 | 730.77 | 10.87 | 12.99 | 9.03 |
| 22Q2 (11) | 0.04 | -96.55 | -96.97 | 4.56 | -75.31 | -73.19 | 0.95 | -92.76 | -93.38 | 0.73 | -94.25 | -94.92 | 0.31 | -96.93 | -97.3 | 0.19 | -96.69 | -97.86 | 0.20 | -91.49 | -94.4 | 0.23 | 4.55 | -23.33 | 3.56 | -77.47 | -79.13 | 185.79 | 35.55 | 19.88 | 150.00 | 45.59 | 50.0 | -25.00 | -725.0 | 0 | 9.62 | -20.1 | -14.56 |
| 22Q1 (10) | 1.16 | -10.08 | 73.13 | 18.47 | 11.06 | 18.55 | 13.12 | 9.06 | 71.06 | 12.70 | 5.57 | 59.55 | 10.10 | 1.81 | 58.56 | 5.74 | -26.32 | 18.6 | 2.35 | -19.8 | 16.34 | 0.22 | -21.43 | -26.67 | 15.80 | 7.41 | 47.53 | 137.06 | -26.36 | -13.0 | 103.03 | 3.03 | 5.89 | -3.03 | 0 | -212.12 | 12.04 | 14.67 | -9.34 |
| 21Q4 (9) | 1.29 | 1.57 | 6.61 | 16.63 | 12.52 | -17.59 | 12.03 | -1.31 | -22.14 | 12.03 | -3.61 | -24.05 | 9.92 | 2.37 | -21.7 | 7.79 | -3.47 | -15.87 | 2.93 | -8.15 | -22.28 | 0.28 | -12.5 | -3.45 | 14.71 | -1.28 | -22.78 | 186.12 | 9.68 | 24.85 | 100.00 | 2.86 | 1.54 | 0.00 | -100.0 | -100.0 | 10.50 | 5.32 | -10.79 |
| 21Q3 (8) | 1.27 | -3.79 | 71.62 | 14.78 | -13.11 | -6.75 | 12.19 | -15.11 | 9.13 | 12.48 | -13.09 | 17.85 | 9.69 | -15.52 | 14.4 | 8.07 | -9.12 | 34.05 | 3.19 | -10.64 | 31.28 | 0.32 | 6.67 | 18.52 | 14.90 | -12.66 | 4.27 | 169.69 | 9.49 | 7.58 | 97.22 | -2.78 | -7.3 | 2.78 | 0 | 156.94 | 9.97 | -11.46 | -17.81 |
| 21Q2 (7) | 1.32 | 97.01 | 1550.0 | 17.01 | 9.18 | 200.53 | 14.36 | 87.22 | 1307.84 | 14.36 | 80.4 | 1651.22 | 11.47 | 80.06 | 1750.0 | 8.88 | 83.47 | 1168.57 | 3.57 | 76.73 | 549.09 | 0.30 | 0.0 | -28.57 | 17.06 | 59.29 | 197.21 | 154.98 | -1.62 | -8.79 | 100.00 | 2.78 | -16.67 | 0.00 | -100.0 | 100.0 | 11.26 | -15.21 | -23.66 |
| 21Q1 (6) | 0.67 | -44.63 | 0 | 15.58 | -22.79 | 0 | 7.67 | -50.36 | 0 | 7.96 | -49.75 | 0 | 6.37 | -49.72 | 0 | 4.84 | -47.73 | 0 | 2.02 | -46.42 | 0 | 0.30 | 3.45 | 0 | 10.71 | -43.78 | 0 | 157.54 | 5.67 | 0 | 97.30 | -1.21 | 0 | 2.70 | -10.81 | 0 | 13.28 | 12.83 | 0 |
| 20Q4 (5) | 1.21 | 63.51 | 0 | 20.18 | 27.32 | 0 | 15.45 | 38.32 | 0 | 15.84 | 49.58 | 0 | 12.67 | 49.59 | 0 | 9.26 | 53.82 | 0 | 3.77 | 55.14 | 0 | 0.29 | 7.41 | 0 | 19.05 | 33.31 | 0 | 149.08 | -5.48 | 0 | 98.48 | -6.1 | 0 | 3.03 | 162.12 | 0 | 11.77 | -2.97 | 0 |
| 20Q3 (4) | 0.74 | 825.0 | 0.0 | 15.85 | 180.04 | 0.0 | 11.17 | 995.1 | 0.0 | 10.59 | 1191.46 | 0.0 | 8.47 | 1266.13 | 0.0 | 6.02 | 760.0 | 0.0 | 2.43 | 341.82 | 0.0 | 0.27 | -35.71 | 0.0 | 14.29 | 148.95 | 0.0 | 157.73 | -7.17 | 0.0 | 104.88 | -12.6 | 0.0 | -4.88 | 75.61 | 0.0 | 12.13 | -17.76 | 0.0 |
| 20Q2 (3) | 0.08 | 0 | 0.0 | 5.66 | 0 | 0.0 | 1.02 | 0 | 0.0 | 0.82 | 0 | 0.0 | 0.62 | 0 | 0.0 | 0.70 | 0 | 0.0 | 0.55 | 0 | 0.0 | 0.42 | 0 | 0.0 | 5.74 | 0 | 0.0 | 169.91 | 0 | 0.0 | 120.00 | 0 | 0.0 | -20.00 | 0 | 0.0 | 14.75 | 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) | 0.01 | -99.2 | 5.66 | -33.57 | 0.48 | -88.73 | 3.09 | 40.9 | -0.25 | 0 | 0.02 | -99.35 | 0.03 | -99.58 | 0.80 | -77.14 | 0.74 | -18.68 | 4.73 | -35.99 | 142.92 | 11.19 | -200.00 | 0 | 300.00 | 0 | 0.00 | 0 | 12.14 | 13.56 |
| 2022 (9) | 1.25 | -72.53 | 8.52 | -46.72 | 4.26 | -63.5 | 2.19 | 16.49 | 3.90 | -67.01 | 3.10 | -67.2 | 7.21 | -75.68 | 3.50 | -69.43 | 0.91 | -21.55 | 7.39 | -48.86 | 128.54 | -30.94 | 110.53 | 11.86 | -9.21 | 0 | 0.00 | 0 | 10.69 | -4.13 |
| 2021 (8) | 4.55 | 124.14 | 15.99 | 24.53 | 11.67 | 43.19 | 1.88 | -35.91 | 11.82 | 47.2 | 9.45 | 47.43 | 29.65 | 87.9 | 11.45 | 71.41 | 1.16 | 20.83 | 14.45 | 19.32 | 186.12 | 24.85 | 98.80 | -2.93 | 1.20 | 0 | 0.00 | 0 | 11.15 | -15.08 |
| 2020 (7) | 2.03 | 361.36 | 12.84 | 85.01 | 8.15 | 289.95 | 2.94 | -14.62 | 8.03 | 318.23 | 6.41 | 313.55 | 15.78 | 344.51 | 6.68 | 247.92 | 0.96 | 12.94 | 12.11 | 78.09 | 149.08 | -9.02 | 101.79 | -6.04 | -1.79 | 0 | 0.00 | 0 | 13.13 | -5.61 |
| 2019 (6) | 0.44 | -47.62 | 6.94 | -14.22 | 2.09 | -40.63 | 3.44 | 19.63 | 1.92 | -42.51 | 1.55 | -41.73 | 3.55 | -46.21 | 1.92 | -39.05 | 0.85 | -9.57 | 6.80 | -9.93 | 163.86 | -6.56 | 108.33 | 1.7 | -8.33 | 0 | 0.00 | 0 | 13.91 | 14.77 |
| 2018 (5) | 0.84 | -36.84 | 8.09 | -34.81 | 3.52 | -46.42 | 2.88 | -7.28 | 3.34 | -45.07 | 2.66 | -45.93 | 6.60 | -37.32 | 3.15 | -34.1 | 0.94 | 14.63 | 7.55 | -29.11 | 175.37 | 13.02 | 106.52 | -0.31 | -6.52 | 0 | 0.00 | 0 | 12.12 | -7.69 |
| 2017 (4) | 1.33 | -18.9 | 12.41 | -13.46 | 6.57 | -26.1 | 3.10 | 27.48 | 6.08 | -19.36 | 4.92 | -19.21 | 10.53 | -23.75 | 4.78 | -20.07 | 0.82 | -4.65 | 10.65 | -8.03 | 155.17 | -6.07 | 106.85 | -9.28 | -8.22 | 0 | 0.00 | 0 | 13.13 | 11.84 |
| 2016 (3) | 1.64 | 69.07 | 14.34 | 53.21 | 8.89 | 104.37 | 2.43 | 7.13 | 7.54 | 82.13 | 6.09 | 84.55 | 13.81 | 65.19 | 5.98 | 56.96 | 0.86 | -5.49 | 11.58 | 45.66 | 165.20 | 0.69 | 117.78 | 11.23 | -17.78 | 0 | 0.00 | 0 | 11.74 | 6.92 |
| 2015 (2) | 0.97 | -12.61 | 9.36 | -2.6 | 4.35 | 1.64 | 2.27 | -3.94 | 4.14 | -7.38 | 3.30 | -6.78 | 8.36 | -17.72 | 3.81 | -8.85 | 0.91 | -5.21 | 7.95 | -2.09 | 164.07 | -16.15 | 105.88 | 11.76 | -5.88 | 0 | 0.00 | 0 | 10.98 | 5.07 |
| 2014 (1) | 1.11 | 0 | 9.61 | 0 | 4.28 | 0 | 2.36 | 0 | 4.47 | 0 | 3.54 | 0 | 10.16 | 0 | 4.18 | 0 | 0.96 | 0 | 8.12 | 0 | 195.67 | 0 | 94.74 | 0 | 5.26 | 0 | 0.00 | 0 | 10.45 | 0 |
