- 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) | 1.19 | 158.7 | 105.17 | 65.07 | 4.33 | 17.22 | 23.06 | 234.69 | 228.96 | 23.11 | 156.21 | 67.83 | 19.81 | 147.01 | 63.99 | 7.13 | 175.29 | 102.56 | 5.25 | 169.23 | 104.28 | 0.26 | 8.33 | 23.81 | 25.50 | 123.1 | 40.57 | 33.78 | -13.07 | -11.5 | 98.92 | 28.24 | 94.32 | 0.00 | -100.0 | -100.0 | 21.95 | -3.18 | -15.9 |
| 24Q2 (19) | 0.46 | -77.56 | -13.21 | 62.37 | -10.8 | 8.87 | 6.89 | -77.19 | -24.78 | 9.02 | -74.43 | -33.73 | 8.02 | -73.66 | -40.28 | 2.59 | -76.43 | -30.56 | 1.95 | -76.01 | -29.6 | 0.24 | -11.11 | 20.0 | 11.43 | -70.13 | -33.12 | 38.86 | 29.71 | 0.52 | 77.14 | -9.71 | 13.79 | 22.86 | 57.02 | -29.02 | 22.67 | 7.29 | -4.55 |
| 24Q1 (18) | 2.05 | 3316.67 | 412.5 | 69.92 | 15.21 | 20.49 | 30.21 | 238.3 | 243.3 | 35.28 | 3107.27 | 205.72 | 30.45 | 1957.43 | 170.67 | 10.99 | 2054.9 | 282.93 | 8.13 | 2039.47 | 290.87 | 0.27 | 8.0 | 50.0 | 38.26 | 712.31 | 145.26 | 29.96 | -28.0 | -9.54 | 85.44 | -90.51 | 13.09 | 14.56 | 101.82 | -40.45 | 21.13 | -19.35 | -23.44 |
| 23Q4 (17) | 0.06 | -89.66 | 154.55 | 60.69 | 9.33 | 19.66 | 8.93 | 27.39 | 202.29 | 1.10 | -92.01 | 145.64 | 1.48 | -87.75 | 142.05 | 0.51 | -85.51 | 165.38 | 0.38 | -85.21 | 174.51 | 0.25 | 19.05 | 66.67 | 4.71 | -74.04 | 98.73 | 41.61 | 9.01 | -10.07 | 900.00 | 1667.86 | 148.28 | -800.00 | -1729.63 | -204.76 | 26.20 | 0.38 | -15.7 |
| 23Q3 (16) | 0.58 | 9.43 | 625.0 | 55.51 | -3.11 | 2.12 | 7.01 | -23.47 | 15.87 | 13.77 | 1.18 | 357.48 | 12.08 | -10.05 | 532.46 | 3.52 | -5.63 | 528.57 | 2.57 | -7.22 | 497.67 | 0.21 | 5.0 | 5.0 | 18.14 | 6.14 | 162.9 | 38.17 | -1.27 | -9.53 | 50.91 | -24.91 | -73.6 | 49.09 | 52.44 | 149.09 | 26.10 | 9.89 | -7.51 |
| 23Q2 (15) | 0.53 | 32.5 | 2550.0 | 57.29 | -1.28 | 2.47 | 9.16 | 4.09 | 138.54 | 13.61 | 17.94 | 12272.73 | 13.43 | 19.38 | 3969.7 | 3.73 | 29.97 | 3290.91 | 2.77 | 33.17 | 2208.33 | 0.20 | 11.11 | -9.09 | 17.09 | 9.55 | 385.51 | 38.66 | 16.73 | -25.15 | 67.80 | -10.27 | -96.61 | 32.20 | 31.74 | 101.69 | 23.75 | -13.95 | -2.26 |
| 23Q1 (14) | 0.40 | 463.64 | -18.37 | 58.03 | 14.41 | 7.09 | 8.80 | 200.8 | -38.97 | 11.54 | 578.84 | 21.35 | 11.25 | 419.6 | 16.1 | 2.87 | 467.95 | -12.77 | 2.08 | 507.84 | -12.97 | 0.18 | 20.0 | -25.0 | 15.60 | 558.23 | 23.52 | 33.12 | -28.42 | -19.08 | 75.56 | -79.16 | -50.56 | 24.44 | 109.31 | 146.27 | 27.60 | -11.2 | 25.68 |
| 22Q4 (13) | -0.11 | -237.5 | -257.14 | 50.72 | -6.7 | -7.58 | -8.73 | -244.3 | -200.23 | -2.41 | -180.07 | -370.79 | -3.52 | -284.29 | -400.85 | -0.78 | -239.29 | -256.0 | -0.51 | -218.6 | -230.77 | 0.15 | -25.0 | -50.0 | 2.37 | -65.65 | -31.9 | 46.27 | 9.67 | 16.9 | 362.50 | 87.96 | -63.75 | -262.50 | -162.5 | 70.83 | 31.08 | 10.13 | 88.94 |
| 22Q3 (12) | 0.08 | 300.0 | -90.48 | 54.36 | -2.77 | -6.29 | 6.05 | 57.55 | -62.52 | 3.01 | 2636.36 | -75.49 | 1.91 | 478.79 | -84.38 | 0.56 | 409.09 | -90.57 | 0.43 | 258.33 | -88.09 | 0.20 | -9.09 | -31.03 | 6.90 | 96.02 | -52.77 | 42.19 | -18.32 | -11.03 | 192.86 | -90.36 | 45.82 | -100.00 | 94.74 | -220.69 | 28.22 | 16.13 | 73.02 |
| 22Q2 (11) | 0.02 | -95.92 | -94.12 | 55.91 | 3.17 | -2.56 | 3.84 | -73.37 | -71.72 | 0.11 | -98.84 | -97.87 | 0.33 | -96.59 | -93.73 | 0.11 | -96.66 | -95.07 | 0.12 | -94.98 | -91.24 | 0.22 | -8.33 | -12.0 | 3.52 | -72.13 | -54.87 | 51.65 | 26.19 | -40.6 | 2000.00 | 1208.64 | 650.0 | -1900.00 | -3496.43 | -1059.32 | 24.30 | 10.66 | 40.54 |
| 22Q1 (10) | 0.49 | 600.0 | 5000.0 | 54.19 | -1.26 | -4.96 | 14.42 | 65.56 | 87.76 | 9.51 | 968.54 | 945.05 | 9.69 | 728.21 | 4504.55 | 3.29 | 558.0 | 3755.56 | 2.39 | 512.82 | 24000.0 | 0.24 | -20.0 | -14.29 | 12.63 | 262.93 | 247.93 | 40.93 | 3.41 | -22.04 | 152.83 | -84.72 | -81.23 | -52.83 | 94.13 | 92.6 | 21.96 | 33.5 | 29.56 |
| 21Q4 (9) | 0.07 | -91.67 | -94.74 | 54.88 | -5.4 | -4.8 | 8.71 | -46.03 | -60.3 | 0.89 | -92.75 | -95.57 | 1.17 | -90.43 | -93.97 | 0.50 | -91.58 | -94.22 | 0.39 | -89.2 | -93.34 | 0.30 | 3.45 | 0.0 | 3.48 | -76.18 | -85.3 | 39.58 | -16.53 | -10.51 | 1000.00 | 656.1 | 810.18 | -900.00 | -2786.21 | -9671.43 | 16.45 | 0.86 | -4.8 |
| 21Q3 (8) | 0.84 | 147.06 | -33.33 | 58.01 | 1.1 | 7.09 | 16.14 | 18.85 | -18.48 | 12.28 | 137.98 | -32.86 | 12.23 | 132.51 | -21.75 | 5.94 | 166.37 | -34.0 | 3.61 | 163.5 | -35.54 | 0.29 | 16.0 | -17.14 | 14.61 | 87.31 | -33.35 | 47.42 | -45.47 | -12.14 | 132.26 | -50.4 | 22.54 | -31.18 | 80.97 | -265.28 | 16.31 | -5.67 | -10.83 |
| 21Q2 (7) | 0.34 | 3500.0 | -17.07 | 57.38 | 0.63 | 11.5 | 13.58 | 76.82 | 14.31 | 5.16 | 467.03 | -55.56 | 5.26 | 2490.91 | -4.19 | 2.23 | 2577.78 | -24.92 | 1.37 | 13800.0 | -26.74 | 0.25 | -10.71 | -24.24 | 7.80 | 114.88 | -50.79 | 86.96 | 65.64 | 21.9 | 266.67 | -67.25 | 161.17 | -163.89 | 77.06 | -7684.72 | 17.29 | 2.01 | 5.81 |
| 21Q1 (6) | -0.01 | -100.75 | -101.1 | 57.02 | -1.09 | 15.78 | 7.68 | -65.0 | -49.64 | 0.91 | -95.47 | -95.02 | -0.22 | -101.13 | -101.69 | -0.09 | -101.04 | -101.34 | -0.01 | -100.17 | -100.23 | 0.28 | -6.67 | -15.15 | 3.63 | -84.67 | -83.51 | 52.50 | 18.7 | -6.63 | 814.29 | 641.15 | 873.0 | -714.29 | -7655.1 | -4478.88 | 16.95 | -1.91 | -3.42 |
| 20Q4 (5) | 1.33 | 5.56 | 16.67 | 57.65 | 6.42 | 6.78 | 21.94 | 10.81 | 22.5 | 20.07 | 9.73 | 23.81 | 19.40 | 24.12 | 29.68 | 8.65 | -3.89 | -3.35 | 5.86 | 4.64 | 0.69 | 0.30 | -14.29 | -23.08 | 23.68 | 8.03 | 29.26 | 44.23 | -18.05 | -13.55 | 109.87 | 1.8 | -0.97 | -9.21 | -7.89 | 9.87 | 17.28 | -5.52 | 4.41 |
| 20Q3 (4) | 1.26 | 207.32 | 0.0 | 54.17 | 5.27 | 0.0 | 19.80 | 66.67 | 0.0 | 18.29 | 57.54 | 0.0 | 15.63 | 184.7 | 0.0 | 9.00 | 203.03 | 0.0 | 5.60 | 199.47 | 0.0 | 0.35 | 6.06 | 0.0 | 21.92 | 38.3 | 0.0 | 53.97 | -24.35 | 0.0 | 107.93 | 5.7 | 0.0 | -8.54 | -305.49 | 0.0 | 18.29 | 11.93 | 0.0 |
| 20Q2 (3) | 0.41 | -54.95 | 0.0 | 51.46 | 4.49 | 0.0 | 11.88 | -22.1 | 0.0 | 11.61 | -36.52 | 0.0 | 5.49 | -57.87 | 0.0 | 2.97 | -55.67 | 0.0 | 1.87 | -57.4 | 0.0 | 0.33 | 0.0 | 0.0 | 15.85 | -28.02 | 0.0 | 71.34 | 26.87 | 0.0 | 102.11 | 22.01 | 0.0 | -2.11 | -112.91 | 0.0 | 16.34 | -6.89 | 0.0 |
| 20Q1 (2) | 0.91 | -20.18 | 0.0 | 49.25 | -8.78 | 0.0 | 15.25 | -14.85 | 0.0 | 18.29 | 12.83 | 0.0 | 13.03 | -12.9 | 0.0 | 6.70 | -25.14 | 0.0 | 4.39 | -24.57 | 0.0 | 0.33 | -15.38 | 0.0 | 22.02 | 20.2 | 0.0 | 56.23 | 9.91 | 0.0 | 83.69 | -24.57 | 0.0 | 16.31 | 259.63 | 0.0 | 17.55 | 6.04 | 0.0 |
| 19Q4 (1) | 1.14 | 0.0 | 0.0 | 53.99 | 0.0 | 0.0 | 17.91 | 0.0 | 0.0 | 16.21 | 0.0 | 0.0 | 14.96 | 0.0 | 0.0 | 8.95 | 0.0 | 0.0 | 5.82 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 18.32 | 0.0 | 0.0 | 51.16 | 0.0 | 0.0 | 110.95 | 0.0 | 0.0 | -10.22 | 0.0 | 0.0 | 16.55 | 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) | 1.69 | 252.08 | 57.88 | 7.03 | 8.49 | 60.49 | 3.14 | 0.71 | 10.05 | 215.05 | 9.61 | 238.38 | 11.63 | 245.1 | 8.17 | 224.21 | 0.84 | 1.2 | 13.92 | 102.33 | 41.61 | -10.07 | 84.66 | -49.03 | 15.34 | 0 | 0.30 | -16.58 | 25.86 | 0.35 |
| 2022 (9) | 0.48 | -60.98 | 54.08 | -4.89 | 5.29 | -54.32 | 3.12 | 50.61 | 3.19 | -35.16 | 2.84 | -39.7 | 3.37 | -57.93 | 2.52 | -56.85 | 0.83 | -30.83 | 6.88 | -8.14 | 46.27 | 16.9 | 166.10 | -29.31 | -66.10 | 0 | 0.36 | 36.71 | 25.77 | 53.85 |
| 2021 (8) | 1.23 | -68.54 | 56.86 | 7.02 | 11.58 | -32.75 | 2.07 | -37.77 | 4.92 | -71.09 | 4.71 | -64.69 | 8.01 | -70.04 | 5.84 | -68.19 | 1.20 | -11.76 | 7.49 | -64.04 | 39.58 | -10.51 | 234.97 | 132.02 | -134.97 | 0 | 0.26 | -14.89 | 16.75 | -3.62 |
| 2020 (7) | 3.91 | -12.72 | 53.13 | 5.94 | 17.22 | 3.67 | 3.33 | 128.71 | 17.02 | 1.67 | 13.34 | -0.15 | 26.74 | -33.8 | 18.36 | -33.21 | 1.36 | -33.66 | 20.83 | 12.72 | 44.23 | -13.55 | 101.27 | 1.92 | -1.27 | 0 | 0.31 | -47.54 | 17.38 | 24.59 |
| 2019 (6) | 4.48 | 0 | 50.15 | -28.12 | 16.61 | 0 | 1.45 | 17.05 | 16.74 | 0 | 13.36 | 0 | 40.39 | 0 | 27.49 | 0 | 2.05 | 188.73 | 18.48 | 0 | 51.16 | 23.57 | 99.36 | 3.51 | 0.81 | -79.95 | 0.59 | -44.01 | 13.95 | -72.18 |
| 2018 (5) | -2.60 | 0 | 69.77 | -15.96 | -22.85 | 0 | 1.24 | -40.55 | -23.84 | 0 | -27.48 | 0 | -25.17 | 0 | -19.52 | 0 | 0.71 | 39.22 | -20.94 | 0 | 41.40 | 115.85 | 95.98 | -5.5 | 4.02 | 0 | 1.06 | 0 | 50.15 | -26.05 |
| 2017 (4) | -2.56 | 0 | 83.02 | -7.65 | -29.99 | 0 | 2.09 | 0.77 | -29.46 | 0 | -32.89 | 0 | -19.86 | 0 | -16.74 | 0 | 0.51 | 4.08 | -22.65 | 0 | 19.18 | 5.33 | 101.57 | -28.02 | -1.97 | 0 | 0.00 | 0 | 67.82 | 6.84 |
| 2016 (3) | -0.98 | 0 | 89.90 | -0.93 | -13.18 | 0 | 2.07 | 42.81 | -9.36 | 0 | -11.26 | 0 | -6.62 | 0 | -5.54 | 0 | 0.49 | -16.95 | -3.53 | 0 | 18.21 | -11.64 | 141.11 | 55.07 | -41.11 | 0 | 0.00 | 0 | 63.48 | 27.96 |
| 2015 (2) | 0.27 | -93.22 | 90.74 | -0.83 | 7.35 | -75.81 | 1.45 | 42.76 | 8.07 | -75.15 | 2.40 | -89.93 | 1.72 | -92.12 | 1.42 | -92.09 | 0.59 | -21.33 | 11.95 | -65.53 | 20.61 | -3.42 | 91.00 | -2.7 | 9.00 | 39.06 | 0.00 | 0 | 49.61 | 30.45 |
| 2014 (1) | 3.98 | -6.35 | 91.50 | 0 | 30.39 | 0 | 1.02 | -12.56 | 32.47 | 0 | 23.84 | 0 | 21.84 | 0 | 17.96 | 0 | 0.75 | 4.17 | 34.67 | 0.99 | 21.34 | -2.56 | 93.53 | -4.13 | 6.47 | 164.63 | 0.00 | 0 | 38.03 | 7.07 |
