- 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) | -1.29 | -50.0 | -577.78 | 20.84 | -11.77 | -27.23 | -18.90 | 4.35 | -31400.0 | -20.62 | -35.84 | -413.85 | -20.04 | -46.28 | -531.9 | -6.80 | -67.49 | -652.85 | -5.43 | -63.06 | -617.14 | 0.27 | 12.5 | 22.73 | -17.76 | -43.46 | -283.28 | 25.39 | 2.92 | 33.7 | 90.91 | -30.74 | 0 | 9.09 | 129.09 | -90.91 | 8.81 | 3.28 | -6.77 |
| 24Q2 (19) | -0.86 | -286.96 | -975.0 | 23.62 | -16.0 | 5.78 | -19.76 | -418.64 | -130.57 | -15.18 | -247.52 | -2132.35 | -13.70 | -274.52 | -640.54 | -4.06 | -298.05 | -1060.0 | -3.33 | -290.29 | -1048.28 | 0.24 | 9.09 | 50.0 | -12.38 | -189.84 | -466.27 | 24.67 | 32.0 | 28.96 | 131.25 | 475.0 | -89.9 | -31.25 | -122.32 | 97.4 | 8.53 | -10.87 | -27.59 |
| 24Q1 (18) | 0.46 | 1020.0 | 557.14 | 28.12 | -0.6 | -0.99 | -3.81 | -191.37 | -244.87 | 10.29 | 731.29 | 559.62 | 7.85 | 1093.67 | 692.93 | 2.05 | 1031.82 | 831.82 | 1.75 | 1021.05 | 821.05 | 0.22 | -8.33 | 15.79 | 13.78 | 870.42 | 180.08 | 18.69 | 17.55 | 10.4 | -35.00 | 88.33 | -121.0 | 140.00 | -65.0 | 310.0 | 9.57 | 20.23 | -5.25 |
| 23Q4 (17) | -0.05 | -118.52 | -113.89 | 28.29 | -1.22 | -4.62 | 4.17 | 7050.0 | -56.65 | -1.63 | -124.81 | -138.81 | -0.79 | -117.03 | -117.44 | -0.22 | -117.89 | -118.18 | -0.19 | -118.1 | -119.0 | 0.24 | 9.09 | 9.09 | 1.42 | -85.35 | -79.45 | 15.90 | -16.27 | -26.42 | -300.00 | 0 | -228.57 | 400.00 | 300.0 | 400.0 | 7.96 | -15.77 | -15.41 |
| 23Q3 (16) | 0.27 | 437.5 | -81.76 | 28.64 | 28.26 | -5.01 | -0.06 | 99.3 | -100.53 | 6.57 | 1066.18 | -71.13 | 4.64 | 350.81 | -74.14 | 1.23 | 451.43 | -76.39 | 1.05 | 462.07 | -72.58 | 0.22 | 37.5 | 4.76 | 9.69 | 186.69 | -61.24 | 18.99 | -0.73 | -27.99 | 0.00 | -100.0 | -100.0 | 100.00 | 108.33 | 96.3 | 9.45 | -19.78 | 0.32 |
| 23Q2 (15) | -0.08 | -214.29 | -103.32 | 22.33 | -21.37 | -36.6 | -8.57 | -425.86 | -138.9 | -0.68 | -143.59 | -102.52 | -1.85 | -286.87 | -109.22 | -0.35 | -259.09 | -104.28 | -0.29 | -252.63 | -104.84 | 0.16 | -15.79 | -46.67 | 3.38 | -31.3 | -88.03 | 19.13 | 12.99 | -58.6 | 1300.00 | 680.0 | 1502.74 | -1200.00 | -1700.0 | -6850.0 | 11.78 | 16.63 | 86.98 |
| 23Q1 (14) | 0.07 | -80.56 | -96.96 | 28.40 | -4.25 | -14.66 | 2.63 | -72.66 | -85.34 | 1.56 | -62.86 | -92.83 | 0.99 | -78.15 | -94.59 | 0.22 | -81.82 | -97.36 | 0.19 | -81.0 | -96.96 | 0.19 | -13.64 | -44.12 | 4.92 | -28.8 | -78.64 | 16.93 | -21.66 | -39.21 | 166.67 | -28.57 | 101.75 | -66.67 | 50.0 | -483.33 | 10.10 | 7.33 | 28.83 |
| 22Q4 (13) | 0.36 | -75.68 | -77.78 | 29.66 | -1.63 | -6.73 | 9.62 | -14.26 | -46.05 | 4.20 | -81.55 | -75.97 | 4.53 | -74.75 | -68.39 | 1.21 | -76.78 | -83.85 | 1.00 | -73.89 | -81.1 | 0.22 | 4.76 | -40.54 | 6.91 | -72.36 | -63.32 | 21.61 | -18.05 | -48.03 | 233.33 | 375.64 | 128.57 | -133.33 | -361.73 | -6300.0 | 9.41 | -0.11 | 30.69 |
| 22Q3 (12) | 1.48 | -38.59 | -20.43 | 30.15 | -14.4 | -1.47 | 11.22 | -49.07 | -41.29 | 22.76 | -15.67 | 17.62 | 17.94 | -10.61 | 15.37 | 5.21 | -36.31 | -44.1 | 3.83 | -36.06 | -40.8 | 0.21 | -30.0 | -48.78 | 25.00 | -11.44 | 21.24 | 26.37 | -42.93 | -38.72 | 49.06 | -39.52 | -50.94 | 50.94 | 186.56 | 2752.83 | 9.42 | 49.52 | 46.05 |
| 22Q2 (11) | 2.41 | 4.78 | 58.55 | 35.22 | 5.83 | 29.06 | 22.03 | 22.8 | 35.9 | 26.99 | 24.03 | 82.12 | 20.07 | 9.61 | 53.21 | 8.18 | -1.68 | -1.8 | 5.99 | -4.31 | 3.28 | 0.30 | -11.76 | -31.82 | 28.23 | 22.58 | 74.8 | 46.21 | 65.92 | -0.37 | 81.11 | -1.81 | -25.79 | 17.78 | 2.22 | 291.11 | 6.30 | -19.64 | 13.51 |
| 22Q1 (10) | 2.30 | 41.98 | 238.24 | 33.28 | 4.65 | 55.88 | 17.94 | 0.62 | 84.76 | 21.76 | 24.49 | 117.82 | 18.31 | 27.77 | 166.91 | 8.32 | 11.08 | 117.23 | 6.26 | 18.34 | 127.64 | 0.34 | -8.11 | -15.0 | 23.03 | 22.24 | 103.99 | 27.85 | -33.02 | -32.88 | 82.61 | -19.08 | -13.95 | 17.39 | 934.78 | 334.78 | 7.84 | 8.89 | 26.25 |
| 21Q4 (9) | 1.62 | -12.9 | 105.06 | 31.80 | 3.92 | 48.11 | 17.83 | -6.7 | 77.59 | 17.48 | -9.66 | 93.36 | 14.33 | -7.85 | 82.32 | 7.49 | -19.64 | 62.83 | 5.29 | -18.24 | 55.59 | 0.37 | -9.76 | -13.95 | 18.84 | -8.63 | 80.46 | 41.58 | -3.37 | 7.3 | 102.08 | 2.08 | -10.17 | -2.08 | -216.67 | 77.08 | 7.20 | 11.63 | 30.43 |
| 21Q3 (8) | 1.86 | 22.37 | 564.29 | 30.60 | 12.13 | 69.06 | 19.11 | 17.89 | 264.69 | 19.35 | 30.57 | 389.87 | 15.55 | 18.7 | 300.77 | 9.32 | 11.88 | 461.45 | 6.47 | 11.55 | 401.55 | 0.41 | -6.82 | 28.12 | 20.62 | 27.68 | 241.39 | 43.03 | -7.22 | 25.97 | 100.00 | -8.51 | -30.0 | 1.79 | 119.2 | 106.25 | 6.45 | 16.22 | 9.51 |
| 21Q2 (7) | 1.52 | 123.53 | 416.67 | 27.29 | 27.82 | 73.27 | 16.21 | 66.94 | 501.24 | 14.82 | 48.35 | 437.59 | 13.10 | 90.96 | 374.06 | 8.33 | 117.49 | 397.5 | 5.80 | 110.91 | 376.19 | 0.44 | 10.0 | -2.22 | 16.15 | 43.05 | 1445.83 | 46.38 | 11.79 | 85.74 | 109.30 | 13.86 | 20.23 | -9.30 | -332.56 | -202.33 | 5.55 | -10.63 | -37.07 |
| 21Q1 (6) | 0.68 | -13.92 | 0 | 21.35 | -0.56 | 0 | 9.71 | -3.29 | 0 | 9.99 | 10.51 | 0 | 6.86 | -12.72 | 0 | 3.83 | -16.74 | 0 | 2.75 | -19.12 | 0 | 0.40 | -6.98 | 0 | 11.29 | 8.14 | 0 | 41.49 | 7.07 | 0 | 96.00 | -15.52 | 0 | 4.00 | 144.0 | 0 | 6.21 | 12.5 | 0 |
| 20Q4 (5) | 0.79 | 182.14 | 0 | 21.47 | 18.62 | 0 | 10.04 | 91.6 | 0 | 9.04 | 128.86 | 0 | 7.86 | 102.58 | 0 | 4.60 | 177.11 | 0 | 3.40 | 163.57 | 0 | 0.43 | 34.37 | 0 | 10.44 | 72.85 | 0 | 38.75 | 13.44 | 0 | 113.64 | -20.45 | 0 | -9.09 | 68.18 | 0 | 5.52 | -6.28 | 0 |
| 20Q3 (4) | 0.28 | 158.33 | 0.0 | 18.10 | 14.92 | 0.0 | 5.24 | 229.7 | 0.0 | 3.95 | 189.98 | 0.0 | 3.88 | 181.17 | 0.0 | 1.66 | 159.29 | 0.0 | 1.29 | 161.43 | 0.0 | 0.32 | -28.89 | 0.0 | 6.04 | 603.33 | 0.0 | 34.16 | 36.8 | 0.0 | 142.86 | 57.14 | 0.0 | -28.57 | -414.29 | 0.0 | 5.89 | -33.22 | 0.0 |
| 20Q2 (3) | -0.48 | 0 | 0.0 | 15.75 | 0 | 0.0 | -4.04 | 0 | 0.0 | -4.39 | 0 | 0.0 | -4.78 | 0 | 0.0 | -2.80 | 0 | 0.0 | -2.10 | 0 | 0.0 | 0.45 | 0 | 0.0 | -1.20 | 0 | 0.0 | 24.97 | 0 | 0.0 | 90.91 | 0 | 0.0 | 9.09 | 0 | 0.0 | 8.82 | 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) | 0.20 | -96.91 | 27.21 | -16.25 | 0.10 | -99.38 | 3.11 | 101.02 | 1.53 | -92.38 | 0.88 | -94.51 | 0.83 | -96.78 | 0.73 | -96.34 | 0.80 | -35.48 | 4.87 | -77.72 | 15.90 | -26.42 | 9.09 | -88.65 | 100.00 | 402.27 | 0.58 | -3.49 | 9.65 | 20.32 |
| 2022 (9) | 6.47 | 12.91 | 32.49 | 16.2 | 16.11 | 1.19 | 1.55 | 55.67 | 20.08 | 28.72 | 16.04 | 26.8 | 25.78 | -9.48 | 19.95 | -2.06 | 1.24 | -22.5 | 21.86 | 29.27 | 21.61 | -48.03 | 80.09 | -21.73 | 19.91 | 0 | 0.60 | 16.72 | 8.02 | 26.3 |
| 2021 (8) | 5.73 | 871.19 | 27.96 | 51.38 | 15.92 | 343.45 | 0.99 | -38.52 | 15.60 | 467.27 | 12.65 | 485.65 | 28.48 | 742.6 | 20.37 | 674.52 | 1.60 | 37.93 | 16.91 | 228.35 | 41.58 | 7.3 | 102.33 | -18.99 | -2.33 | 0 | 0.52 | -61.1 | 6.35 | -7.03 |
| 2020 (7) | 0.59 | 11.32 | 18.47 | -7.46 | 3.59 | 43.03 | 1.62 | -4.71 | 2.75 | 4.96 | 2.16 | 5.37 | 3.38 | 16.96 | 2.63 | 15.35 | 1.16 | 7.41 | 5.15 | 4.25 | 38.75 | 19.01 | 126.32 | 34.21 | -31.58 | 0 | 1.33 | 0 | 6.83 | -12.55 |
| 2019 (6) | 0.53 | -85.36 | 19.96 | -18.33 | 2.51 | -74.6 | 1.70 | 249.69 | 2.62 | -75.45 | 2.05 | -77.62 | 2.89 | -85.82 | 2.28 | -84.35 | 1.08 | -31.65 | 4.94 | -57.6 | 32.56 | 13.09 | 94.12 | 2.25 | 5.88 | -13.73 | 0.00 | 0 | 7.81 | 12.05 |
| 2018 (5) | 3.62 | 2684.62 | 24.44 | 33.84 | 9.88 | 525.32 | 0.49 | -43.4 | 10.67 | 1992.16 | 9.16 | 1935.56 | 20.38 | 1898.04 | 14.57 | 2011.59 | 1.58 | 6.04 | 11.65 | 516.4 | 28.79 | -55.43 | 92.05 | -69.32 | 6.82 | 0 | 0.00 | 0 | 6.97 | -5.43 |
| 2017 (4) | 0.13 | -7.14 | 18.26 | -3.89 | 1.58 | 0 | 0.86 | -26.93 | 0.51 | 183.33 | 0.45 | -29.69 | 1.02 | -0.97 | 0.69 | -6.76 | 1.49 | 28.45 | 1.89 | 0.53 | 64.60 | 49.81 | 300.00 | 0 | -200.00 | 0 | 0.00 | 0 | 7.37 | -10.99 |
| 2016 (3) | 0.14 | -82.93 | 19.00 | -10.97 | -1.19 | 0 | 1.17 | -9.04 | 0.18 | -95.77 | 0.64 | -81.87 | 1.03 | -83.14 | 0.74 | -83.33 | 1.16 | -7.94 | 1.88 | -67.64 | 43.12 | 13.98 | -500.00 | 0 | 600.00 | 1233.33 | 0.00 | 0 | 8.28 | 15.64 |
| 2015 (2) | 0.82 | -29.31 | 21.34 | 9.38 | 2.43 | -3.19 | 1.29 | 58.71 | 4.26 | -15.64 | 3.53 | -25.21 | 6.11 | -30.33 | 4.44 | -29.52 | 1.26 | -5.26 | 5.81 | -7.78 | 37.83 | 1.07 | 55.00 | 14.58 | 45.00 | -6.25 | 0.00 | 0 | 7.16 | 16.42 |
| 2014 (1) | 1.16 | 0 | 19.51 | 0 | 2.51 | 0 | 0.81 | 0 | 5.05 | 0 | 4.72 | 0 | 8.77 | 0 | 6.30 | 0 | 1.33 | 0 | 6.30 | 0 | 37.43 | 0 | 48.00 | 0 | 48.00 | 0 | 0.00 | 0 | 6.15 | 0 |
