- 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) | 1.86 | 121.43 | 1340.0 | 37.47 | 43.67 | 40.86 | 26.65 | 65.12 | 452.98 | 26.91 | 60.18 | 480.08 | 20.90 | 57.38 | 431.22 | 9.45 | 113.32 | 1238.55 | 2.07 | 113.4 | 1189.47 | 0.10 | 42.86 | 233.33 | 27.25 | 58.34 | 606.51 | 335.37 | -12.34 | 8.91 | 99.20 | 3.56 | -7.89 | 1.07 | -74.57 | 113.94 | 3.94 | 66.95 | -24.67 |
| 24Q2 (19) | 0.84 | 304.88 | 700.0 | 26.08 | 2.07 | 11.22 | 16.14 | 103.89 | 152.71 | 16.80 | 104.23 | 170.18 | 13.28 | 103.74 | 159.93 | 4.43 | 309.95 | 667.95 | 0.97 | 290.2 | 610.53 | 0.07 | 0 | 600.0 | 17.21 | 104.56 | 192.38 | 382.58 | 13.94 | 32.25 | 95.78 | -8.05 | -25.85 | 4.22 | 201.2 | 114.46 | 2.36 | -98.44 | -91.43 |
| 24Q1 (18) | -0.41 | -127.89 | -136.61 | 25.55 | -3.37 | 6.02 | -414.56 | -2212.95 | -2897.3 | -397.23 | -1961.43 | -2796.74 | -354.81 | -2181.0 | -3251.07 | -2.11 | -127.05 | -134.65 | -0.51 | -126.29 | -133.12 | 0.00 | -100.0 | -100.0 | -377.78 | -1848.98 | -2601.85 | 335.76 | 12.71 | 21.88 | 104.17 | 13.64 | 3.26 | -4.17 | -152.17 | -850.0 | 150.98 | 4406.87 | 7123.92 |
| 23Q4 (17) | 1.47 | 1080.0 | 880.0 | 26.44 | -0.6 | -0.71 | 19.62 | 359.87 | 139.27 | 21.34 | 401.41 | 121.6 | 17.05 | 370.21 | 102.49 | 7.80 | 1039.76 | 828.57 | 1.94 | 1121.05 | 823.81 | 0.11 | 266.67 | 450.0 | 21.60 | 501.49 | 80.6 | 297.89 | -3.26 | -7.47 | 91.67 | -14.88 | 7.61 | 7.99 | 203.82 | -46.09 | 3.35 | -35.95 | -71.37 |
| 23Q3 (16) | -0.15 | -7.14 | -87.5 | 26.60 | 13.43 | -1.63 | -7.55 | 75.34 | 40.55 | -7.08 | 70.43 | 42.16 | -6.31 | 71.53 | 39.39 | -0.83 | -6.41 | -84.44 | -0.19 | 0.0 | -90.0 | 0.03 | 200.0 | 200.0 | -5.38 | 71.12 | 35.95 | 307.92 | 6.44 | -3.2 | 107.69 | -16.63 | 7.69 | -7.69 | 73.63 | -15.38 | 5.23 | -81.0 | -64.45 |
| 23Q2 (15) | -0.14 | -112.5 | 57.58 | 23.45 | -2.7 | 253.7 | -30.62 | -306.61 | 98.69 | -23.94 | -262.53 | 98.96 | -22.16 | -296.8 | 99.0 | -0.78 | -112.81 | 57.61 | -0.19 | -112.34 | 58.7 | 0.01 | -92.86 | 0 | -18.63 | -223.38 | 99.24 | 289.29 | 5.01 | -4.68 | 129.17 | 28.04 | 26.82 | -29.17 | -6550.0 | -1475.0 | 27.53 | 1217.22 | -97.4 |
| 23Q1 (14) | 1.12 | 646.67 | 380.0 | 24.10 | -9.5 | 0 | 14.82 | 80.73 | 0 | 14.73 | 52.96 | 0 | 11.26 | 33.73 | 0 | 6.09 | 625.0 | 383.26 | 1.54 | 633.33 | 348.39 | 0.14 | 600.0 | 0 | 15.10 | 26.25 | 0 | 275.48 | -14.43 | 0.55 | 100.88 | 18.42 | -0.65 | -0.44 | -102.96 | 0 | 2.09 | -82.14 | 0 |
| 22Q4 (13) | 0.15 | 287.5 | 153.57 | 26.63 | -1.52 | -42.6 | 8.20 | 164.57 | 101.42 | 9.63 | 178.68 | 101.92 | 8.42 | 180.88 | 101.84 | 0.84 | 286.67 | 156.76 | 0.21 | 310.0 | 144.68 | 0.02 | 100.0 | 0 | 11.96 | 242.38 | 102.66 | 321.93 | 1.2 | 43.8 | 85.19 | -14.81 | -25.46 | 14.81 | 322.22 | 190.74 | 11.70 | -20.46 | -96.42 |
| 22Q3 (12) | -0.08 | 75.76 | -110.81 | 27.04 | 307.84 | 68.05 | -12.70 | 99.45 | -222.47 | -12.24 | 99.47 | -214.29 | -10.41 | 99.53 | -221.47 | -0.45 | 75.54 | -111.84 | -0.10 | 78.26 | -108.0 | 0.01 | 0 | -92.86 | -8.40 | 99.66 | -176.16 | 318.10 | 4.82 | 59.03 | 100.00 | -1.82 | 3.57 | -6.67 | -260.0 | -293.33 | 14.71 | -98.61 | 819.38 |
| 22Q2 (11) | -0.33 | 17.5 | -1750.0 | 6.63 | 0 | -53.73 | -2330.09 | 0 | -485535.42 | -2302.97 | 0 | -102454.22 | -2216.57 | 0 | -246385.56 | -1.84 | 14.42 | -1772.73 | -0.46 | 25.81 | -1250.0 | 0.00 | 0 | -100.0 | -2450.00 | 0 | -80427.87 | 303.48 | 10.77 | 43.29 | 101.85 | 0.31 | 358.33 | -1.85 | 0 | -102.38 | 1057.20 | 0 | 20230.77 |
| 22Q1 (10) | -0.40 | -42.86 | -900.0 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 0.00 | 100.0 | -100.0 | -2.15 | -45.27 | -896.3 | -0.62 | -31.91 | -720.0 | 0.00 | 0 | -100.0 | 0.00 | 100.0 | -100.0 | 273.98 | 22.38 | 40.27 | 101.54 | -11.15 | 52.31 | -0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 21Q4 (9) | -0.28 | -137.84 | -134.15 | 46.39 | 188.32 | 43.44 | -578.89 | -5682.35 | -3093.23 | -501.32 | -4780.86 | -2490.65 | -456.61 | -5428.0 | -2762.45 | -1.48 | -138.95 | -134.91 | -0.47 | -137.6 | -130.13 | 0.00 | -100.0 | -100.0 | -450.00 | -4179.78 | -2211.68 | 223.87 | 11.92 | 31.08 | 114.29 | 18.37 | 23.81 | -16.33 | -573.47 | -312.24 | 326.73 | 20320.62 | 6972.08 |
| 21Q3 (8) | 0.74 | 3600.0 | -8.64 | 16.09 | 12.28 | -47.98 | 10.37 | 2060.42 | -44.43 | 10.71 | 376.0 | -45.52 | 8.57 | 852.22 | -49.74 | 3.80 | 3354.55 | -12.84 | 1.25 | 3025.0 | -17.22 | 0.14 | 250.0 | 55.56 | 11.03 | 261.64 | -44.99 | 200.02 | -5.56 | 14.35 | 96.55 | 334.48 | 1.45 | 3.45 | -95.57 | -28.57 | 1.60 | -69.23 | -23.44 |
| 21Q2 (7) | 0.02 | -60.0 | -98.21 | 14.33 | -51.88 | -53.2 | 0.48 | -91.21 | -97.69 | 2.25 | -72.12 | -89.63 | 0.90 | -80.77 | -95.32 | 0.11 | -59.26 | -98.24 | 0.04 | -60.0 | -98.03 | 0.04 | 100.0 | -63.64 | 3.05 | -67.69 | -86.13 | 211.80 | 8.43 | 5.12 | 22.22 | -66.67 | -76.83 | 77.78 | 133.33 | 1805.56 | 5.20 | -46.61 | 0 |
| 21Q1 (6) | 0.05 | -93.9 | -86.84 | 29.78 | -7.92 | -6.91 | 5.46 | -71.77 | -69.95 | 8.07 | -61.52 | -56.57 | 4.68 | -72.71 | -71.65 | 0.27 | -93.63 | -87.08 | 0.10 | -93.59 | -86.11 | 0.02 | -77.78 | -50.0 | 9.44 | -55.7 | -50.65 | 195.33 | 14.37 | -8.9 | 66.67 | -27.78 | -32.28 | 33.33 | 333.33 | 2033.33 | 9.74 | 110.82 | 102.49 |
| 20Q4 (5) | 0.82 | 1.23 | 8300.0 | 32.34 | 4.56 | 10.26 | 19.34 | 3.64 | 576.22 | 20.97 | 6.66 | 411.46 | 17.15 | 0.59 | 4088.37 | 4.24 | -2.75 | 10700.0 | 1.56 | 3.31 | 7900.0 | 0.09 | 0.0 | 125.0 | 21.31 | 6.28 | 317.03 | 170.79 | -2.36 | 2.74 | 92.31 | -3.01 | 26.92 | 7.69 | 59.34 | -71.79 | 4.62 | 121.05 | -39.77 |
| 20Q3 (4) | 0.81 | -27.68 | 0.0 | 30.93 | 1.01 | 0.0 | 18.66 | -10.25 | 0.0 | 19.66 | -9.4 | 0.0 | 17.05 | -11.38 | 0.0 | 4.36 | -30.13 | 0.0 | 1.51 | -25.62 | 0.0 | 0.09 | -18.18 | 0.0 | 20.05 | -8.82 | 0.0 | 174.92 | -13.19 | 0.0 | 95.17 | -0.78 | 0.0 | 4.83 | 18.28 | 0.0 | 2.09 | 0 | 0.0 |
| 20Q2 (3) | 1.12 | 194.74 | 0.0 | 30.62 | -4.28 | 0.0 | 20.79 | 14.42 | 0.0 | 21.70 | 16.79 | 0.0 | 19.24 | 16.54 | 0.0 | 6.24 | 198.56 | 0.0 | 2.03 | 181.94 | 0.0 | 0.11 | 175.0 | 0.0 | 21.99 | 14.95 | 0.0 | 201.49 | -6.03 | 0.0 | 95.92 | -2.56 | 0.0 | 4.08 | 161.22 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.38 | 3900.0 | 0.0 | 31.99 | 9.07 | 0.0 | 18.17 | 535.31 | 0.0 | 18.58 | 353.17 | 0.0 | 16.51 | 3939.53 | 0.0 | 2.09 | 5325.0 | 0.0 | 0.72 | 3700.0 | 0.0 | 0.04 | 0.0 | 0.0 | 19.13 | 274.36 | 0.0 | 214.42 | 28.98 | 0.0 | 98.44 | 35.35 | 0.0 | 1.56 | -94.27 | 0.0 | 4.81 | -37.29 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 29.33 | 0.0 | 0.0 | 2.86 | 0.0 | 0.0 | 4.10 | 0.0 | 0.0 | -0.43 | 0.0 | 0.0 | -0.04 | 0.0 | 0.0 | -0.02 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 5.11 | 0.0 | 0.0 | 166.24 | 0.0 | 0.0 | 72.73 | 0.0 | 0.0 | 27.27 | 0.0 | 0.0 | 7.67 | 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) | 2.30 | 0 | 25.29 | -5.07 | 12.90 | 0 | 0.44 | -87.38 | 13.80 | 0 | 10.63 | 0 | 12.27 | 0 | 3.04 | 0 | 0.28 | 600.0 | 14.42 | 0 | 297.89 | -7.47 | 93.55 | -11.42 | 6.45 | 0 | 0.00 | 0 | 3.71 | -85.0 |
| 2022 (9) | -0.67 | 0 | 26.64 | 55.24 | -28.48 | 0 | 3.53 | 468.64 | -27.08 | 0 | -26.28 | 0 | -3.64 | 0 | -0.94 | 0 | 0.04 | -81.82 | -22.17 | 0 | 321.93 | 43.8 | 105.61 | 32.01 | -5.61 | 0 | 0.00 | 0 | 24.74 | 424.15 |
| 2021 (8) | 0.54 | -82.64 | 17.16 | -45.26 | 4.95 | -74.6 | 0.62 | 88.46 | 6.18 | -69.93 | 4.31 | -75.69 | 2.77 | -83.48 | 0.94 | -84.96 | 0.22 | -37.14 | 6.87 | -67.14 | 223.87 | 31.08 | 80.00 | -15.65 | 20.00 | 287.59 | 0.00 | 0 | 4.72 | 52.75 |
| 2020 (7) | 3.11 | 22.92 | 31.35 | 7.73 | 19.49 | 4.28 | 0.33 | 4.13 | 20.55 | 6.59 | 17.73 | 4.54 | 16.77 | 14.63 | 6.25 | 5.4 | 0.35 | 0.0 | 20.91 | 6.47 | 170.79 | 2.74 | 94.84 | -2.18 | 5.16 | 69.49 | 0.01 | -13.62 | 3.09 | -11.71 |
| 2019 (6) | 2.53 | 67.55 | 29.10 | 12.49 | 18.69 | 23.12 | 0.32 | 129.91 | 19.28 | 16.92 | 16.96 | 9.84 | 14.63 | 54.16 | 5.93 | 32.66 | 0.35 | 20.69 | 19.64 | 18.1 | 166.24 | 32.73 | 96.96 | 5.29 | 3.04 | -61.54 | 0.01 | -23.9 | 3.50 | -18.98 |
| 2018 (5) | 1.51 | 26.89 | 25.87 | -1.22 | 15.18 | 9.37 | 0.14 | 86.25 | 16.49 | 10.45 | 15.44 | 18.04 | 9.49 | 20.43 | 4.47 | 12.88 | 0.29 | -3.33 | 16.63 | 10.42 | 125.25 | 26.3 | 92.08 | -1.06 | 7.92 | 14.23 | 0.02 | 0 | 4.32 | -0.69 |
| 2017 (4) | 1.19 | 25.26 | 26.19 | -3.71 | 13.88 | -18.4 | 0.07 | -20.96 | 14.93 | -21.83 | 13.08 | -0.98 | 7.88 | 20.49 | 3.96 | 23.36 | 0.30 | 25.0 | 15.06 | -21.68 | 99.17 | -0.05 | 93.07 | 4.83 | 6.93 | -35.42 | 0.00 | 0 | 4.35 | -28.81 |
| 2016 (3) | 0.95 | -65.45 | 27.20 | -20.3 | 17.01 | -38.88 | 0.09 | 59.01 | 19.10 | -34.97 | 13.21 | -45.28 | 6.54 | -69.22 | 3.21 | -67.74 | 0.24 | -41.46 | 19.23 | -34.77 | 99.22 | -8.71 | 88.78 | -6.35 | 10.73 | 106.38 | 0.00 | 0 | 6.11 | 50.12 |
| 2015 (2) | 2.75 | 1733.33 | 34.13 | 82.51 | 27.83 | 2407.21 | 0.06 | -57.02 | 29.37 | 676.98 | 24.14 | 738.19 | 21.25 | 1439.86 | 9.95 | 1479.37 | 0.41 | 86.36 | 29.48 | 644.44 | 108.69 | -9.16 | 94.80 | 231.8 | 5.20 | -92.34 | 0.00 | 0 | 4.07 | -47.48 |
| 2014 (1) | 0.15 | -93.21 | 18.70 | 0 | 1.11 | 0 | 0.14 | 74.45 | 3.78 | 0 | 2.88 | 0 | 1.38 | 0 | 0.63 | 0 | 0.22 | -60.71 | 3.96 | -77.82 | 119.65 | 2.79 | 28.57 | -69.54 | 67.86 | 922.38 | 0.00 | 0 | 7.75 | 202.73 |
