- 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) | 0.45 | 275.0 | 125.0 | 15.74 | 13.4 | -3.32 | 7.79 | 100.26 | 65.04 | 11.16 | 86.31 | 49.8 | 7.39 | 204.12 | 84.75 | 3.81 | 262.86 | 147.4 | 2.40 | 215.79 | 116.22 | 0.31 | 19.23 | 24.0 | 14.40 | 53.52 | 30.2 | 60.78 | -17.72 | 19.08 | 70.37 | 20.63 | 17.28 | 29.63 | -11.11 | -11.11 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.12 | 500.0 | 124.49 | 13.88 | 0.36 | 6.44 | 3.89 | 42.49 | 303.66 | 5.99 | 189.37 | 249.0 | 2.43 | 358.49 | 125.55 | 1.05 | 400.0 | 129.09 | 0.76 | 181.48 | 133.63 | 0.26 | 0.0 | 4.0 | 9.38 | 72.74 | 0 | 73.87 | 32.88 | 31.35 | 58.33 | -53.33 | 16.67 | 33.33 | 233.33 | -33.33 | 20.73 | 19.07 | -12.16 |
| 24Q1 (18) | 0.02 | 105.13 | 200.0 | 13.83 | -8.23 | -12.25 | 2.73 | 27400.0 | -21.1 | 2.07 | 117.8 | -24.45 | 0.53 | 105.45 | 223.26 | 0.21 | 106.62 | 223.53 | 0.27 | 113.64 | 1000.0 | 0.26 | 18.18 | -3.7 | 5.43 | 186.33 | -11.56 | 55.59 | 10.83 | 11.02 | 125.00 | 0 | -6.25 | -25.00 | -125.0 | 25.0 | 17.41 | 44.24 | -19.44 |
| 23Q4 (17) | -0.39 | -295.0 | 64.55 | 15.07 | -7.43 | -3.58 | -0.01 | -100.21 | -100.22 | -11.63 | -256.11 | 23.08 | -9.73 | -343.25 | 46.09 | -3.17 | -305.84 | 59.1 | -1.98 | -278.38 | 60.56 | 0.22 | -12.0 | -21.43 | -6.29 | -156.87 | 45.87 | 50.16 | -1.72 | -0.81 | -0.00 | -100.0 | 100.0 | 100.00 | 200.0 | -23.4 | 12.07 | -32.46 | -32.98 |
| 23Q3 (16) | 0.20 | 140.82 | -88.57 | 16.28 | 24.85 | 9.63 | 4.72 | 347.12 | 52.75 | 7.45 | 285.32 | -77.73 | 4.00 | 142.06 | -87.32 | 1.54 | 142.66 | -87.76 | 1.11 | 149.12 | -86.38 | 0.25 | 0.0 | -3.85 | 11.06 | 0 | -70.46 | 51.04 | -9.25 | -5.53 | 60.00 | 20.0 | 525.71 | 33.33 | -33.33 | -63.68 | 17.87 | -24.28 | -11.67 |
| 23Q2 (15) | -0.49 | -2350.0 | -333.33 | 13.04 | -17.26 | -11.65 | -1.91 | -155.2 | -138.05 | -4.02 | -246.72 | -167.22 | -9.51 | -2111.63 | -409.77 | -3.61 | -2023.53 | -334.42 | -2.26 | -7433.33 | -323.76 | 0.25 | -7.41 | -21.88 | 0.00 | -100.0 | -100.0 | 56.24 | 12.32 | -1.23 | 50.00 | -62.5 | -38.46 | 50.00 | 250.0 | 166.67 | 23.60 | 9.21 | 66.55 |
| 23Q1 (14) | -0.02 | 98.18 | 81.82 | 15.76 | 0.83 | 61.64 | 3.46 | -22.25 | 1830.0 | 2.74 | 118.12 | 1078.57 | -0.43 | 97.62 | 81.06 | -0.17 | 97.81 | 79.76 | -0.03 | 99.4 | 94.23 | 0.27 | -3.57 | 12.5 | 6.14 | 152.84 | 72.96 | 50.07 | -0.99 | -10.35 | 133.33 | 536.36 | 0 | -33.33 | -125.53 | 0 | 21.61 | 19.99 | 21.68 |
| 22Q4 (13) | -1.10 | -162.86 | -578.26 | 15.63 | 5.25 | -3.22 | 4.45 | 44.01 | -4.51 | -15.12 | -145.19 | -324.67 | -18.05 | -157.23 | -544.58 | -7.75 | -161.61 | -542.86 | -5.02 | -161.6 | -521.85 | 0.28 | 7.69 | -3.45 | -11.62 | -131.04 | -213.15 | 50.57 | -6.4 | -8.15 | -30.56 | -418.65 | -145.83 | 130.56 | 42.25 | 291.67 | 18.01 | -10.97 | -5.06 |
| 22Q3 (12) | 1.75 | 733.33 | 2087.5 | 14.85 | 0.61 | 29.13 | 3.09 | -38.45 | 2031.25 | 33.46 | 459.53 | 2273.05 | 31.54 | 927.36 | 1517.44 | 12.58 | 716.88 | 1962.3 | 8.15 | 706.93 | 1937.5 | 0.26 | -18.75 | 23.81 | 37.44 | 315.08 | 578.26 | 54.03 | -5.11 | 16.29 | 9.59 | -88.2 | 0 | 91.78 | 389.5 | -38.81 | 20.23 | 42.77 | 5.53 |
| 22Q2 (11) | 0.21 | 290.91 | 133.33 | 14.76 | 51.38 | -0.61 | 5.02 | 2610.0 | 96.86 | 5.98 | 2235.71 | 50.63 | 3.07 | 235.24 | 80.59 | 1.54 | 283.33 | 129.85 | 1.01 | 294.23 | 110.42 | 0.32 | 33.33 | 28.0 | 9.02 | 154.08 | 21.4 | 56.94 | 1.95 | 4.5 | 81.25 | 0 | 30.0 | 18.75 | 0 | -50.0 | 14.17 | -20.21 | -35.03 |
| 22Q1 (10) | -0.11 | -147.83 | -161.11 | 9.75 | -39.63 | -48.19 | -0.20 | -104.29 | -102.45 | -0.28 | -104.16 | -104.01 | -2.27 | -155.91 | -163.94 | -0.84 | -148.0 | -160.87 | -0.52 | -143.7 | -158.43 | 0.24 | -17.24 | 0.0 | 3.55 | -65.43 | -66.35 | 55.85 | 1.43 | -2.65 | -0.00 | -100.0 | -100.0 | -0.00 | -100.0 | 100.0 | 17.76 | -6.38 | -16.31 |
| 21Q4 (9) | 0.23 | 187.5 | -52.08 | 16.15 | 40.43 | -0.25 | 4.66 | 3012.5 | -48.9 | 6.73 | 377.3 | -37.74 | 4.06 | 108.21 | -46.23 | 1.75 | 186.89 | -53.46 | 1.19 | 197.5 | -53.33 | 0.29 | 38.1 | -12.12 | 10.27 | 86.05 | -26.64 | 55.06 | 18.51 | -10.0 | 66.67 | 0 | -21.74 | 33.33 | -77.78 | 125.0 | 18.97 | -1.04 | 61.45 |
| 21Q3 (8) | 0.08 | -11.11 | -72.41 | 11.50 | -22.56 | -29.49 | -0.16 | -106.27 | -103.62 | 1.41 | -64.48 | -84.98 | 1.95 | 14.71 | -67.72 | 0.61 | -8.96 | -74.37 | 0.40 | -16.67 | -78.38 | 0.21 | -16.0 | -32.26 | 5.52 | -25.71 | -58.05 | 46.46 | -14.74 | 23.96 | 0.00 | -100.0 | -100.0 | 150.00 | 300.0 | 200.0 | 19.17 | -12.1 | -7.39 |
| 21Q2 (7) | 0.09 | -50.0 | 121.43 | 14.85 | -21.09 | 794.58 | 2.55 | -68.79 | 110.39 | 3.97 | -43.12 | 119.89 | 1.70 | -52.11 | 106.98 | 0.67 | -51.45 | 119.76 | 0.48 | -46.07 | 117.27 | 0.25 | 4.17 | 127.27 | 7.43 | -29.57 | 163.18 | 54.49 | -5.02 | 170.96 | 62.50 | -45.31 | -48.53 | 37.50 | 362.5 | 275.0 | 21.81 | 2.78 | 0 |
| 21Q1 (6) | 0.18 | -62.5 | 212.5 | 18.82 | 16.24 | 39.61 | 8.17 | -10.42 | 232.2 | 6.98 | -35.43 | 276.26 | 3.55 | -52.98 | 160.79 | 1.38 | -63.3 | 209.52 | 0.89 | -65.1 | 189.0 | 0.24 | -27.27 | 41.18 | 10.55 | -24.64 | 476.5 | 57.37 | -6.23 | 140.14 | 114.29 | 34.16 | -34.69 | -14.29 | -196.43 | 71.43 | 21.22 | 80.6 | -31.75 |
| 20Q4 (5) | 0.48 | 65.52 | 2300.0 | 16.19 | -0.74 | -27.24 | 9.12 | 106.33 | 106.33 | 10.81 | 15.12 | 123.35 | 7.55 | 25.0 | 1061.54 | 3.76 | 57.98 | 2111.76 | 2.55 | 37.84 | 1721.43 | 0.33 | 6.45 | 57.14 | 14.00 | 6.38 | 36.99 | 61.18 | 63.23 | 139.45 | 85.19 | 91.67 | -0.62 | 14.81 | -70.37 | 3.7 | 11.75 | -43.24 | -24.1 |
| 20Q3 (4) | 0.29 | 169.05 | 0.0 | 16.31 | 882.53 | 0.0 | 4.42 | 118.0 | 0.0 | 9.39 | 147.04 | 0.0 | 6.04 | 124.82 | 0.0 | 2.38 | 170.21 | 0.0 | 1.85 | 166.55 | 0.0 | 0.31 | 181.82 | 0.0 | 13.16 | 211.9 | 0.0 | 37.48 | 86.37 | 0.0 | 44.44 | -63.4 | 0.0 | 50.00 | 333.33 | 0.0 | 20.70 | 0 | 0.0 |
| 20Q2 (3) | -0.42 | -162.5 | 0.0 | 1.66 | -87.69 | 0.0 | -24.55 | -297.25 | 0.0 | -19.96 | -404.04 | 0.0 | -24.34 | -316.78 | 0.0 | -3.39 | -169.05 | 0.0 | -2.78 | -178.0 | 0.0 | 0.11 | -35.29 | 0.0 | -11.76 | -742.62 | 0.0 | 20.11 | -15.82 | 0.0 | 121.43 | -30.61 | 0.0 | -21.43 | 57.14 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.16 | -900.0 | 0.0 | 13.48 | -39.42 | 0.0 | -6.18 | -239.82 | 0.0 | -3.96 | -181.82 | 0.0 | -5.84 | -998.46 | 0.0 | -1.26 | -841.18 | 0.0 | -1.00 | -814.29 | 0.0 | 0.17 | -19.05 | 0.0 | 1.83 | -82.09 | 0.0 | 23.89 | -6.5 | 0.0 | 175.00 | 104.17 | 0.0 | -50.00 | -450.0 | 0.0 | 31.09 | 100.84 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 22.25 | 0.0 | 0.0 | 4.42 | 0.0 | 0.0 | 4.84 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 10.22 | 0.0 | 0.0 | 25.55 | 0.0 | 0.0 | 85.71 | 0.0 | 0.0 | 14.29 | 0.0 | 0.0 | 15.48 | 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) | -0.71 | 0 | 15.05 | 7.96 | 1.69 | -48.79 | 3.54 | 5.4 | -0.72 | 0 | -3.54 | 0 | -5.52 | 0 | -3.24 | 0 | 1.04 | -7.14 | 3.29 | -64.28 | 50.16 | -0.81 | -216.67 | 0 | 316.67 | 648.48 | 0.00 | 0 | 19.27 | 10.87 |
| 2022 (9) | 0.74 | 27.59 | 13.94 | -10.24 | 3.30 | -17.71 | 3.36 | -5.48 | 5.66 | 13.43 | 3.18 | 10.03 | 5.44 | 23.92 | 3.74 | 30.31 | 1.12 | 16.67 | 9.21 | 5.14 | 50.57 | -8.15 | 57.69 | -29.69 | 42.31 | 106.25 | 0.00 | 0 | 17.38 | -14.43 |
| 2021 (8) | 0.58 | 205.26 | 15.53 | 9.83 | 4.01 | 220.8 | 3.55 | -18.67 | 4.99 | 14.19 | 2.89 | 140.83 | 4.39 | 204.86 | 2.87 | 173.33 | 0.96 | 14.29 | 8.76 | 0.23 | 55.06 | -10.0 | 82.05 | 176.92 | 20.51 | -70.85 | 0.00 | 0 | 20.31 | -6.41 |
| 2020 (7) | 0.19 | 0 | 14.14 | -8.6 | 1.25 | 0 | 4.37 | -4.06 | 4.37 | 124.1 | 1.20 | 0 | 1.44 | 0 | 1.05 | 0 | 0.84 | 2.44 | 8.74 | 36.99 | 61.18 | 139.45 | 29.63 | 0 | 70.37 | -54.47 | 0.00 | 0 | 21.70 | -12.25 |
| 2019 (6) | -0.29 | 0 | 15.47 | -5.03 | -1.16 | 0 | 4.55 | 41.88 | 1.95 | -73.54 | -2.12 | 0 | -2.17 | 0 | -1.72 | 0 | 0.82 | -1.2 | 6.38 | -40.04 | 25.55 | 7.62 | -54.55 | 0 | 154.55 | 112.5 | 0.00 | 0 | 24.73 | 16.43 |
| 2018 (5) | 0.62 | 148.0 | 16.29 | 4.49 | 1.88 | -53.92 | 3.21 | 34.98 | 7.37 | 97.59 | 4.13 | 222.66 | 4.36 | 170.81 | 3.45 | 185.12 | 0.83 | -12.63 | 10.64 | 75.0 | 23.74 | -17.85 | 25.00 | -77.42 | 72.73 | 0 | 0.00 | 0 | 21.24 | 7.44 |
| 2017 (4) | 0.25 | -87.24 | 15.59 | -29.55 | 4.08 | -67.85 | 2.38 | 32.04 | 3.73 | -71.2 | 1.28 | -84.37 | 1.61 | -86.36 | 1.21 | -86.54 | 0.95 | -13.64 | 6.08 | -58.7 | 28.90 | -20.69 | 110.71 | 12.56 | -10.71 | 0 | 0.00 | 0 | 19.77 | 8.75 |
| 2016 (3) | 1.96 | -6.22 | 22.13 | -6.15 | 12.69 | -0.08 | 1.80 | -4.07 | 12.95 | -15.08 | 8.19 | -20.95 | 11.80 | -1.01 | 8.99 | -4.16 | 1.10 | 20.88 | 14.72 | -14.77 | 36.44 | 38.19 | 98.36 | 18.81 | 1.64 | -90.0 | 0.00 | 0 | 18.18 | 12.36 |
| 2015 (2) | 2.09 | 7.73 | 23.58 | 9.83 | 12.70 | 19.7 | 1.88 | 12.05 | 15.25 | 29.24 | 10.36 | 35.78 | 11.92 | 4.65 | 9.38 | 10.61 | 0.91 | -18.02 | 17.27 | 27.83 | 26.37 | -5.04 | 82.79 | -7.38 | 16.39 | 68.41 | 0.00 | 0 | 16.18 | 6.59 |
| 2014 (1) | 1.94 | -35.76 | 21.47 | 0 | 10.61 | 0 | 1.68 | 16.72 | 11.80 | 0 | 7.63 | 0 | 11.39 | 0 | 8.48 | 0 | 1.11 | -28.39 | 13.51 | -22.09 | 27.77 | -35.1 | 89.38 | -13.23 | 9.73 | 0 | 0.00 | 0 | 15.18 | -2.69 |
