- 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) | -0.20 | -127.78 | -168.97 | 45.12 | 5.13 | -21.92 | -5.68 | 29.79 | -132.83 | -10.90 | -124.78 | -152.5 | -12.27 | -127.61 | -190.69 | -1.48 | -126.67 | -168.52 | -1.02 | -125.95 | -160.71 | 0.09 | 0.0 | -25.0 | -2.04 | -103.92 | -107.48 | 42.64 | 28.16 | 18.18 | 60.00 | 430.0 | -23.64 | 60.00 | -49.23 | 320.0 | 68.49 | -3.86 | 15.99 |
| 24Q2 (19) | 0.72 | 125.0 | 4.35 | 42.92 | 112.79 | -7.22 | -8.09 | -48.44 | -40350.0 | 43.98 | 322.88 | 5.24 | 44.44 | 365.34 | 20.14 | 5.55 | 128.4 | 3.74 | 3.93 | 125.86 | -9.24 | 0.09 | -50.0 | -25.0 | 52.00 | 257.14 | 5.86 | 33.27 | -37.94 | 41.15 | -18.18 | 66.67 | 0 | 118.18 | -18.75 | 18.18 | 71.24 | 108.85 | -0.66 |
| 24Q1 (18) | 0.32 | 45.45 | -74.19 | 20.17 | -57.5 | -54.78 | -5.45 | 33.37 | -37.97 | 10.40 | 123.66 | -85.64 | 9.55 | -26.65 | -86.81 | 2.43 | 50.93 | -76.04 | 1.74 | 40.32 | -78.62 | 0.18 | 100.0 | 63.64 | 14.56 | 26.17 | -81.97 | 53.61 | 54.5 | 125.63 | -54.55 | 72.73 | -936.36 | 145.45 | -58.44 | 38.18 | 34.11 | -55.64 | -55.0 |
| 23Q4 (17) | 0.22 | -24.14 | -24.14 | 47.46 | -17.88 | 34.87 | -8.18 | -147.28 | 72.88 | 4.65 | -77.6 | -74.38 | 13.02 | -3.77 | -31.18 | 1.61 | -25.46 | -35.6 | 1.24 | -26.19 | -37.06 | 0.09 | -25.0 | -10.0 | 11.54 | -57.68 | -58.28 | 34.70 | -3.82 | 34.24 | -200.00 | -354.55 | -28.57 | 350.00 | 2350.0 | 36.96 | 76.90 | 30.23 | -24.91 |
| 23Q3 (16) | 0.29 | -57.97 | -9.38 | 57.79 | 24.92 | 25.74 | 17.30 | 86600.0 | 56.14 | 20.76 | -50.32 | 23.28 | 13.53 | -63.42 | -5.52 | 2.16 | -59.63 | -23.94 | 1.68 | -61.2 | -23.29 | 0.12 | 0.0 | -20.0 | 27.27 | -44.48 | 17.59 | 36.08 | 53.08 | 20.31 | 78.57 | 0 | 17.86 | 14.29 | -85.71 | -57.14 | 59.05 | -17.65 | -4.77 |
| 23Q2 (15) | 0.69 | -44.35 | 866.67 | 46.26 | 3.72 | -0.73 | -0.02 | 99.49 | -100.1 | 41.79 | -42.29 | 2923.65 | 36.99 | -48.92 | 931.24 | 5.35 | -47.24 | 794.81 | 4.33 | -46.81 | 901.85 | 0.12 | 9.09 | 0.0 | 49.12 | -39.19 | 882.4 | 23.57 | -0.8 | -25.41 | 0.00 | 100.0 | 100.0 | 100.00 | -5.0 | -91.67 | 71.71 | -5.4 | 36.83 |
| 23Q1 (14) | 1.24 | 327.59 | 4033.33 | 44.60 | 26.74 | 24.37 | -3.95 | 86.9 | 58.46 | 72.42 | 299.01 | 3206.85 | 72.42 | 282.77 | 3381.73 | 10.14 | 305.6 | 3521.43 | 8.14 | 313.2 | 3600.0 | 0.11 | 10.0 | 10.0 | 80.77 | 192.01 | 724.18 | 23.76 | -8.09 | -49.47 | -5.26 | 96.62 | 98.95 | 105.26 | -58.81 | -82.46 | 75.80 | -25.98 | 2.21 |
| 22Q4 (13) | 0.29 | -9.38 | -59.15 | 35.19 | -23.43 | -32.84 | -30.16 | -372.2 | -274.23 | 18.15 | 7.78 | -50.81 | 18.92 | 32.12 | -43.15 | 2.50 | -11.97 | -56.14 | 1.97 | -10.05 | -53.54 | 0.10 | -33.33 | -23.08 | 27.66 | 19.28 | -35.79 | 25.85 | -13.8 | -26.63 | -155.56 | -333.33 | -439.39 | 255.56 | 666.67 | 371.79 | 102.41 | 65.15 | 62.92 |
| 22Q3 (12) | 0.32 | 455.56 | -11.11 | 45.96 | -1.37 | -13.14 | 11.08 | -41.96 | 11.58 | 16.84 | 1237.84 | -22.96 | 14.32 | 421.8 | -26.11 | 2.84 | 468.83 | -7.79 | 2.19 | 505.56 | 4.78 | 0.15 | 25.0 | 36.36 | 23.19 | 363.8 | -22.23 | 29.99 | -5.09 | -14.51 | 66.67 | 106.06 | 44.44 | 33.33 | -97.22 | -38.1 | 62.01 | 18.32 | -11.8 |
| 22Q2 (11) | -0.09 | -400.0 | -28.57 | 46.60 | 29.95 | 13.8 | 19.09 | 300.74 | 365.51 | -1.48 | -167.58 | 82.19 | -4.45 | -313.94 | 2.63 | -0.77 | -375.0 | -22.22 | -0.54 | -345.45 | -50.0 | 0.12 | 20.0 | 50.0 | 5.00 | -48.98 | 0 | 31.60 | -32.79 | -49.46 | -1100.00 | -120.0 | -1200.0 | 1200.00 | 100.0 | 4700.0 | 52.41 | -29.33 | -34.22 |
| 22Q1 (10) | 0.03 | -95.77 | -94.74 | 35.86 | -31.56 | -33.32 | -9.51 | -154.94 | -248.83 | 2.19 | -94.07 | -93.89 | 2.08 | -93.75 | -93.68 | 0.28 | -95.09 | -93.69 | 0.22 | -94.81 | -92.62 | 0.10 | -23.08 | 11.11 | 9.80 | -77.25 | -77.42 | 47.02 | 33.47 | -29.66 | -500.00 | -1190.91 | -3266.67 | 600.00 | 1007.69 | 612.5 | 74.16 | 17.98 | -0.97 |
| 21Q4 (9) | 0.71 | 97.22 | -19.32 | 52.40 | -0.96 | -12.51 | 17.31 | 74.32 | -49.61 | 36.90 | 68.8 | -5.96 | 33.28 | 71.72 | 3.19 | 5.70 | 85.06 | -12.44 | 4.24 | 102.87 | -11.85 | 0.13 | 18.18 | -13.33 | 43.08 | 44.47 | -3.36 | 35.23 | 0.43 | -3.21 | 45.83 | -0.69 | -47.84 | 54.17 | 0.6 | 346.87 | 62.86 | -10.6 | 39.94 |
| 21Q3 (8) | 0.36 | 614.29 | -14.29 | 52.91 | 29.21 | 1.15 | 9.93 | 238.11 | -20.05 | 21.86 | 363.06 | 18.48 | 19.38 | 524.07 | -7.76 | 3.08 | 588.89 | -5.23 | 2.09 | 680.56 | -11.81 | 0.11 | 37.5 | 0.0 | 29.82 | 0 | 21.27 | 35.08 | -43.89 | -1.71 | 46.15 | -53.85 | -36.54 | 53.85 | 115.38 | 48.08 | 70.31 | -11.75 | 8.96 |
| 21Q2 (7) | -0.07 | -112.28 | -106.14 | 40.95 | -23.86 | -27.1 | -7.19 | -212.52 | -134.24 | -8.31 | -123.18 | -115.84 | -4.57 | -113.88 | -109.45 | -0.63 | -114.19 | -106.71 | -0.36 | -112.08 | -105.43 | 0.08 | -11.11 | -42.86 | 0.00 | -100.0 | -100.0 | 62.52 | -6.48 | 48.75 | 100.00 | 533.33 | 153.33 | 25.00 | -70.31 | -58.7 | 79.67 | 6.38 | 35.61 |
| 21Q1 (6) | 0.57 | -35.23 | -13.64 | 53.78 | -10.2 | -13.36 | 6.39 | -81.4 | -82.61 | 35.85 | -8.64 | 20.5 | 32.93 | 2.11 | 50.43 | 4.44 | -31.8 | -23.71 | 2.98 | -38.05 | -28.02 | 0.09 | -40.0 | -52.63 | 43.40 | -2.65 | 26.13 | 66.85 | 83.65 | 56.7 | 15.79 | -82.03 | -87.0 | 84.21 | 594.74 | 436.84 | 74.89 | 66.72 | 74.77 |
| 20Q4 (5) | 0.88 | 109.52 | 104.65 | 59.89 | 14.49 | 17.29 | 34.35 | 176.57 | 10.03 | 39.24 | 112.68 | 38.76 | 32.25 | 53.5 | 47.06 | 6.51 | 100.31 | 69.09 | 4.81 | 102.95 | 71.79 | 0.15 | 36.36 | 15.38 | 44.58 | 81.29 | 29.48 | 36.40 | 1.99 | -10.37 | 87.88 | 20.83 | -21.37 | 12.12 | -66.67 | 203.03 | 44.92 | -30.39 | -10.25 |
| 20Q3 (4) | 0.42 | -63.16 | 0.0 | 52.31 | -6.87 | 0.0 | 12.42 | -40.86 | 0.0 | 18.45 | -64.83 | 0.0 | 21.01 | -56.56 | 0.0 | 3.25 | -65.39 | 0.0 | 2.37 | -64.25 | 0.0 | 0.11 | -21.43 | 0.0 | 24.59 | -57.84 | 0.0 | 35.69 | -15.08 | 0.0 | 72.73 | 84.24 | 0.0 | 36.36 | -39.92 | 0.0 | 64.53 | 9.84 | 0.0 |
| 20Q2 (3) | 1.14 | 72.73 | 0.0 | 56.17 | -9.51 | 0.0 | 21.00 | -42.86 | 0.0 | 52.46 | 76.34 | 0.0 | 48.37 | 120.97 | 0.0 | 9.39 | 61.34 | 0.0 | 6.63 | 60.14 | 0.0 | 0.14 | -26.32 | 0.0 | 58.33 | 69.51 | 0.0 | 42.03 | -1.48 | 0.0 | 39.47 | -67.49 | 0.0 | 60.53 | 342.11 | 0.0 | 58.75 | 37.11 | 0.0 |
| 20Q1 (2) | 0.66 | 53.49 | 0.0 | 62.07 | 21.56 | 0.0 | 36.75 | 17.71 | 0.0 | 29.75 | 5.2 | 0.0 | 21.89 | -0.18 | 0.0 | 5.82 | 51.17 | 0.0 | 4.14 | 47.86 | 0.0 | 0.19 | 46.15 | 0.0 | 34.41 | -0.06 | 0.0 | 42.66 | 5.05 | 0.0 | 121.43 | 8.65 | 0.0 | -25.00 | -112.5 | 0.0 | 42.85 | -14.39 | 0.0 |
| 19Q4 (1) | 0.43 | 0.0 | 0.0 | 51.06 | 0.0 | 0.0 | 31.22 | 0.0 | 0.0 | 28.28 | 0.0 | 0.0 | 21.93 | 0.0 | 0.0 | 3.85 | 0.0 | 0.0 | 2.80 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 34.43 | 0.0 | 0.0 | 40.61 | 0.0 | 0.0 | 111.76 | 0.0 | 0.0 | -11.76 | 0.0 | 0.0 | 50.05 | 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) | 2.44 | 335.71 | 49.48 | 18.86 | 2.21 | 22000.0 | 6.17 | 0.0 | 34.32 | 281.33 | 32.93 | 334.43 | 19.07 | 318.2 | 14.69 | 314.97 | 0.44 | -4.35 | 41.41 | 154.05 | 34.70 | 34.24 | 6.41 | 0 | 93.59 | -6.41 | 0.00 | 0 | 70.18 | -0.59 |
| 2022 (9) | 0.56 | -64.1 | 41.63 | -17.29 | 0.01 | -99.87 | 6.17 | -7.49 | 9.00 | -60.61 | 7.58 | -64.43 | 4.56 | -60.99 | 3.54 | -59.26 | 0.46 | 15.0 | 16.30 | -46.06 | 25.85 | -26.63 | 0.00 | 0 | 100.00 | 45.71 | 0.00 | 0 | 70.60 | -0.98 |
| 2021 (8) | 1.56 | -49.68 | 50.33 | -13.51 | 7.45 | -73.05 | 6.67 | 37.78 | 22.85 | -35.43 | 21.31 | -30.59 | 11.69 | -52.84 | 8.69 | -51.86 | 0.40 | -31.03 | 30.22 | -25.66 | 35.23 | -3.21 | 33.33 | -57.36 | 68.63 | 214.54 | 0.00 | 0 | 71.30 | 38.74 |
| 2020 (7) | 3.10 | 131.34 | 58.19 | 26.64 | 27.64 | 567.63 | 4.84 | -35.16 | 35.39 | 61.01 | 30.70 | 50.27 | 24.79 | 115.75 | 18.05 | 104.88 | 0.58 | 38.1 | 40.65 | 36.18 | 36.40 | -10.37 | 78.18 | 330.0 | 21.82 | -73.33 | 0.00 | 0 | 51.39 | -27.82 |
| 2019 (6) | 1.34 | -0.74 | 45.95 | -15.69 | 4.14 | -75.31 | 7.46 | 274.63 | 21.98 | 13.3 | 20.43 | 23.82 | 11.49 | -0.26 | 8.81 | -4.13 | 0.42 | -25.0 | 29.85 | 36.24 | 40.61 | 52.44 | 18.18 | -78.79 | 81.82 | 472.73 | 0.00 | 0 | 71.20 | 21.07 |
| 2018 (5) | 1.35 | 542.86 | 54.50 | 14.14 | 16.77 | 3188.24 | 1.99 | -17.13 | 19.40 | 487.88 | 16.50 | 439.22 | 11.52 | 503.14 | 9.19 | 500.65 | 0.56 | 12.0 | 21.91 | 250.56 | 26.64 | 10.45 | 85.71 | 500.0 | 14.29 | -83.33 | 0.00 | 0 | 58.81 | -17.46 |
| 2017 (4) | 0.21 | 0 | 47.75 | 1.19 | 0.51 | -72.87 | 2.40 | -9.05 | 3.30 | 35.25 | 3.06 | 0 | 1.91 | 0 | 1.53 | 0 | 0.50 | -7.41 | 6.25 | -5.45 | 24.12 | -9.26 | 14.29 | -78.57 | 85.71 | 414.29 | 0.00 | 0 | 71.25 | 5.26 |
| 2016 (3) | -0.03 | 0 | 47.19 | -6.24 | 1.88 | -70.81 | 2.64 | 13.66 | 2.44 | -83.75 | -0.41 | 0 | -0.28 | 0 | -0.22 | 0 | 0.54 | -8.47 | 6.61 | -65.19 | 26.58 | 6.49 | 66.67 | 52.94 | 16.67 | -70.45 | 0.00 | 0 | 67.69 | 6.63 |
| 2015 (2) | 1.26 | 5.0 | 50.33 | 9.94 | 6.44 | 22.43 | 2.33 | 0.39 | 15.02 | 13.62 | 14.33 | 1.78 | 10.65 | 3.6 | 8.48 | 2.66 | 0.59 | 0.0 | 18.99 | 9.33 | 24.96 | -5.2 | 43.59 | 5.86 | 56.41 | -8.67 | 0.00 | 0 | 63.48 | 3.29 |
| 2014 (1) | 1.20 | -11.76 | 45.78 | 0 | 5.26 | 0 | 2.32 | -29.18 | 13.22 | 0 | 14.08 | 0 | 10.28 | 0 | 8.26 | 0 | 0.59 | 13.46 | 17.37 | -20.9 | 26.33 | 16.04 | 41.18 | 0 | 61.76 | -58.09 | 0.00 | 0 | 61.46 | -15.04 |
