- 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) | -0.14 | -142.42 | -227.27 | 15.15 | -11.51 | -14.07 | 0.63 | -8.7 | -78.05 | 0.53 | -88.65 | -86.09 | -0.48 | -115.09 | -125.95 | -0.15 | -114.85 | -123.81 | 0.08 | -87.69 | -82.22 | 0.15 | -6.25 | -11.76 | 7.72 | -39.26 | -34.07 | 98.91 | -1.19 | -2.76 | 115.38 | 680.54 | 53.32 | -15.38 | -118.05 | -162.18 | 21.20 | -2.48 | 5.58 |
| 24Q2 (19) | 0.33 | 925.0 | -41.07 | 17.12 | 9.11 | 10.38 | 0.69 | 150.0 | 223.21 | 4.67 | 381.44 | -26.8 | 3.18 | 5200.0 | -36.4 | 1.01 | 4950.0 | -32.67 | 0.65 | 333.33 | -26.97 | 0.16 | 14.29 | 6.67 | 12.71 | 27.1 | -17.36 | 100.10 | -6.3 | -3.29 | 14.78 | 110.35 | 264.88 | 85.22 | -65.59 | -21.79 | 21.74 | -4.9 | -7.65 |
| 24Q1 (18) | -0.04 | 50.0 | 84.0 | 15.69 | -15.6 | 27.15 | -1.38 | -161.06 | 73.41 | 0.97 | -50.26 | 132.44 | 0.06 | -88.68 | 102.17 | 0.02 | -88.89 | 102.67 | 0.15 | -34.78 | 162.5 | 0.14 | -17.65 | 7.69 | 10.00 | 1.32 | 31.23 | 106.83 | 1.58 | 7.55 | -142.86 | -223.15 | -182.21 | 247.62 | 1647.62 | 435.66 | 22.86 | 2.97 | -9.86 |
| 23Q4 (17) | -0.08 | -172.73 | 85.71 | 18.59 | 5.45 | 12.73 | 2.26 | -21.25 | 117.31 | 1.95 | -48.82 | 197.01 | 0.53 | -71.35 | 118.66 | 0.18 | -71.43 | 118.95 | 0.23 | -48.89 | 169.7 | 0.17 | 0.0 | 6.25 | 9.87 | -15.71 | 46.01 | 105.17 | 3.39 | -0.84 | 116.00 | 54.14 | 319.11 | -16.00 | -164.67 | -110.46 | 22.20 | 10.56 | 13.79 |
| 23Q3 (16) | 0.11 | -80.36 | 237.5 | 17.63 | 13.67 | 15.23 | 2.87 | 612.5 | 1266.67 | 3.81 | -40.28 | 20.57 | 1.85 | -63.0 | 140.26 | 0.63 | -58.0 | 133.33 | 0.45 | -49.44 | 87.5 | 0.17 | 13.33 | 0.0 | 11.71 | -23.86 | 11.74 | 101.72 | -1.73 | 0.04 | 75.26 | 939.41 | 953.61 | 24.74 | -77.29 | -73.35 | 20.08 | -14.7 | -18.14 |
| 23Q2 (15) | 0.56 | 324.0 | 2700.0 | 15.51 | 25.69 | 10.86 | -0.56 | 89.21 | 70.21 | 6.38 | 313.38 | 183.56 | 5.00 | 280.51 | 380.77 | 1.50 | 300.0 | 328.57 | 0.89 | 470.83 | 229.63 | 0.15 | 15.38 | -6.25 | 15.38 | 101.84 | 52.58 | 103.51 | 4.21 | -4.28 | -8.97 | -105.16 | 89.17 | 108.97 | 247.71 | -40.38 | 23.54 | -7.18 | 3.88 |
| 23Q1 (14) | -0.25 | 55.36 | -600.0 | 12.34 | -25.17 | -18.92 | -5.19 | -599.04 | -547.41 | -2.99 | -48.76 | -195.53 | -2.77 | 2.46 | -248.13 | -0.75 | 21.05 | -208.7 | -0.24 | 27.27 | -157.14 | 0.13 | -18.75 | -23.53 | 7.62 | 12.72 | -29.18 | 99.33 | -6.35 | -6.72 | 173.77 | 428.23 | 367.01 | -73.77 | -148.23 | -217.49 | 25.36 | 29.98 | 16.6 |
| 22Q4 (13) | -0.56 | -600.0 | -2700.0 | 16.49 | 7.78 | 10.97 | 1.04 | 395.24 | -64.63 | -2.01 | -163.61 | -179.76 | -2.84 | -468.83 | -260.45 | -0.95 | -451.85 | -221.79 | -0.33 | -237.5 | -171.74 | 0.16 | -5.88 | -20.0 | 6.76 | -35.5 | -30.17 | 106.06 | 4.31 | -7.92 | -52.94 | -841.18 | -145.14 | 152.94 | 64.71 | 1052.94 | 19.51 | -20.46 | -9.72 |
| 22Q3 (12) | -0.08 | -500.0 | 46.67 | 15.30 | 9.36 | 9.68 | 0.21 | 111.17 | -83.85 | 3.16 | 40.44 | 206.8 | 0.77 | -25.96 | 955.56 | 0.27 | -22.86 | 775.0 | 0.24 | -11.11 | 200.0 | 0.17 | 6.25 | -5.56 | 10.48 | 3.97 | 24.17 | 101.68 | -5.97 | -10.91 | 7.14 | 108.63 | -94.36 | 92.86 | -49.19 | 448.21 | 24.53 | 8.25 | 10.25 |
| 22Q2 (11) | 0.02 | -60.0 | -90.91 | 13.99 | -8.08 | -15.06 | -1.88 | -262.07 | -168.61 | 2.25 | -28.12 | -42.46 | 1.04 | -44.39 | -55.36 | 0.35 | -49.28 | -63.16 | 0.27 | -35.71 | -49.06 | 0.16 | -5.88 | -15.79 | 10.08 | -6.32 | -11.27 | 108.14 | 1.55 | -7.52 | -82.76 | -322.41 | -217.93 | 182.76 | 191.06 | 512.78 | 22.66 | 4.18 | 5.15 |
| 22Q1 (10) | 0.05 | 350.0 | -83.87 | 15.22 | 2.42 | -7.92 | 1.16 | -60.54 | -30.54 | 3.13 | 24.21 | -42.36 | 1.87 | 5.65 | -50.4 | 0.69 | -11.54 | -54.61 | 0.42 | -8.7 | -47.5 | 0.17 | -15.0 | -5.56 | 10.76 | 11.16 | -19.1 | 106.49 | -7.54 | -11.3 | 37.21 | -68.27 | 20.34 | 62.79 | 491.23 | -9.1 | 21.75 | 0.65 | -10.24 |
| 21Q4 (9) | -0.02 | 86.67 | -150.0 | 14.86 | 6.52 | -9.88 | 2.94 | 126.15 | 25.11 | 2.52 | 144.66 | -32.08 | 1.77 | 2066.67 | 45.08 | 0.78 | 2050.0 | 41.82 | 0.46 | 475.0 | 31.43 | 0.20 | 11.11 | 0.0 | 9.68 | 14.69 | -11.68 | 115.18 | 0.92 | -7.49 | 117.28 | -7.41 | 84.76 | -16.05 | 39.81 | -143.94 | 21.61 | -2.88 | 1.31 |
| 21Q3 (8) | -0.15 | -168.18 | 34.78 | 13.95 | -15.3 | -12.1 | 1.30 | -52.55 | -42.22 | 1.03 | -73.66 | 505.88 | -0.09 | -103.86 | 89.02 | -0.04 | -104.21 | 88.57 | 0.08 | -84.91 | 260.0 | 0.18 | -5.26 | -5.26 | 8.44 | -25.7 | 10.91 | 114.13 | -2.39 | -4.49 | 126.67 | 80.5 | -90.26 | -26.67 | -189.41 | 97.78 | 22.25 | 3.25 | 5.4 |
| 21Q2 (7) | 0.22 | -29.03 | -69.01 | 16.47 | -0.36 | 16.15 | 2.74 | 64.07 | 470.27 | 3.91 | -27.99 | -41.99 | 2.33 | -38.2 | -62.11 | 0.95 | -37.5 | -58.87 | 0.53 | -33.75 | -55.46 | 0.19 | 5.56 | 11.76 | 11.36 | -14.59 | -29.79 | 116.93 | -2.61 | -4.59 | 70.18 | 126.95 | 720.5 | 29.82 | -56.83 | -73.21 | 21.55 | -11.06 | 0 |
| 21Q1 (6) | 0.31 | 675.0 | 124.41 | 16.53 | 0.24 | 5.22 | 1.67 | -28.94 | 2883.33 | 5.43 | 46.36 | 156.15 | 3.77 | 209.02 | 136.25 | 1.52 | 176.36 | 141.19 | 0.80 | 128.57 | 150.0 | 0.18 | -10.0 | 12.5 | 13.30 | 21.35 | 2562.96 | 120.06 | -3.57 | 3.39 | 30.92 | -51.29 | 3502.3 | 69.08 | 89.14 | -30.32 | 24.23 | 13.6 | 0 |
| 20Q4 (5) | 0.04 | 117.39 | -50.0 | 16.49 | 3.91 | 11.12 | 2.35 | 4.44 | 446.51 | 3.71 | 2082.35 | 358.02 | 1.22 | 248.78 | 388.0 | 0.55 | 257.14 | 400.0 | 0.35 | 800.0 | 105.88 | 0.20 | 5.26 | 0.0 | 10.96 | 44.02 | 19.65 | 124.51 | 4.2 | 7.57 | 63.48 | -95.12 | 17.19 | 36.52 | 103.04 | -20.32 | 21.33 | 1.04 | -21.87 |
| 20Q3 (4) | -0.23 | -132.39 | 0.0 | 15.87 | 11.92 | 0.0 | 2.25 | 404.05 | 0.0 | 0.17 | -97.48 | 0.0 | -0.82 | -113.33 | 0.0 | -0.35 | -115.15 | 0.0 | -0.05 | -104.2 | 0.0 | 0.19 | 11.76 | 0.0 | 7.61 | -52.97 | 0.0 | 119.49 | -2.5 | 0.0 | 1300.00 | 11594.74 | 0.0 | -1200.00 | -1178.07 | 0.0 | 21.11 | 0 | 0.0 |
| 20Q2 (3) | 0.71 | 155.91 | 0.0 | 14.18 | -9.74 | 0.0 | -0.74 | -1133.33 | 0.0 | 6.74 | 169.7 | 0.0 | 6.15 | 159.13 | 0.0 | 2.31 | 162.6 | 0.0 | 1.19 | 174.38 | 0.0 | 0.17 | 6.25 | 0.0 | 16.18 | 3096.3 | 0.0 | 122.55 | 5.54 | 0.0 | -11.31 | -1417.56 | 0.0 | 111.31 | 12.27 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.27 | -1687.5 | 0.0 | 15.71 | 5.86 | 0.0 | -0.06 | -113.95 | 0.0 | -9.67 | -1293.83 | 0.0 | -10.40 | -4260.0 | 0.0 | -3.69 | -3454.55 | 0.0 | -1.60 | -1041.18 | 0.0 | 0.16 | -20.0 | 0.0 | -0.54 | -105.9 | 0.0 | 116.12 | 0.32 | 0.0 | 0.86 | -98.42 | 0.0 | 99.14 | 116.31 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.08 | 0.0 | 0.0 | 14.84 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 9.16 | 0.0 | 0.0 | 115.75 | 0.0 | 0.0 | 54.17 | 0.0 | 0.0 | 45.83 | 0.0 | 0.0 | 27.30 | 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) | 0.33 | 0 | 16.23 | 6.43 | 0.13 | -13.33 | 7.46 | 7.66 | 2.45 | 45.83 | 1.25 | 400.0 | 1.58 | 338.89 | 1.33 | 121.67 | 0.61 | -8.96 | 11.21 | 17.26 | 105.17 | -0.84 | 5.19 | -42.86 | 94.81 | 4.29 | 1.06 | -2.25 | 22.64 | 2.3 |
| 2022 (9) | -0.58 | 0 | 15.25 | -1.1 | 0.15 | -93.15 | 6.93 | 5.15 | 1.68 | -47.17 | 0.25 | -86.98 | 0.36 | -88.68 | 0.60 | -67.74 | 0.67 | -10.67 | 9.56 | -10.15 | 106.06 | -7.92 | 9.09 | -86.77 | 90.91 | 190.45 | 1.08 | 22.87 | 22.13 | -1.07 |
| 2021 (8) | 0.35 | 0 | 15.42 | -1.34 | 2.19 | 102.78 | 6.59 | -9.07 | 3.18 | 523.53 | 1.92 | 0 | 3.18 | 0 | 1.86 | 0 | 0.75 | 5.63 | 10.64 | 21.88 | 115.18 | -7.49 | 68.70 | -67.98 | 31.30 | 0 | 0.88 | 1.37 | 22.37 | -0.04 |
| 2020 (7) | -0.73 | 0 | 15.63 | 5.32 | 1.08 | -30.32 | 7.25 | 2.67 | 0.51 | -89.48 | -0.76 | 0 | -1.19 | 0 | -0.10 | 0 | 0.71 | -14.46 | 8.73 | -31.69 | 124.51 | 7.53 | 214.55 | 572.32 | -112.73 | 0 | 0.87 | -20.79 | 22.38 | 6.32 |
| 2019 (6) | 1.36 | 368.97 | 14.84 | -1.98 | 1.55 | -29.86 | 7.06 | 20.09 | 4.85 | 43.07 | 3.59 | 76.85 | 6.26 | 70.57 | 3.44 | 58.53 | 0.83 | -5.68 | 12.78 | 27.8 | 115.79 | 11.9 | 31.91 | -50.91 | 68.26 | 95.03 | 1.10 | -15.23 | 21.05 | 1.84 |
| 2018 (5) | 0.29 | -86.12 | 15.14 | -1.37 | 2.21 | -22.18 | 5.88 | -5.61 | 3.39 | -9.6 | 2.03 | -33.0 | 3.67 | -32.66 | 2.17 | -29.32 | 0.88 | 1.15 | 10.00 | -6.72 | 103.48 | -3.76 | 65.00 | -14.01 | 35.00 | 43.41 | 1.29 | 0 | 20.67 | 1.32 |
| 2017 (4) | 2.09 | 194.37 | 15.35 | -5.89 | 2.84 | 38.54 | 6.23 | -5.53 | 3.75 | 76.06 | 3.03 | 119.57 | 5.45 | 118.0 | 3.07 | 73.45 | 0.87 | -5.43 | 10.72 | 11.55 | 107.52 | 3.08 | 75.59 | -21.58 | 24.41 | 577.95 | 0.00 | 0 | 20.40 | -2.02 |
| 2016 (3) | 0.71 | 787.5 | 16.31 | 49.5 | 2.05 | 0 | 6.59 | 1.43 | 2.13 | -48.18 | 1.38 | -44.13 | 2.50 | -1.19 | 1.77 | -1.67 | 0.92 | 48.39 | 9.61 | -16.07 | 104.31 | 16.37 | 96.40 | 0 | 3.60 | -98.03 | 0.00 | 0 | 20.82 | -10.68 |
| 2015 (2) | 0.08 | -95.12 | 10.91 | 10.09 | -3.39 | 0 | 6.50 | -5.13 | 4.11 | 24.55 | 2.47 | 38.76 | 2.53 | 114.41 | 1.80 | 76.47 | 0.62 | 31.91 | 11.45 | 6.31 | 89.64 | 130.14 | -82.45 | 0 | 182.45 | -17.19 | 0.00 | 0 | 23.31 | -1.94 |
| 2014 (1) | 1.64 | -25.79 | 9.91 | 0 | -3.99 | 0 | 6.85 | -5.74 | 3.30 | 0 | 1.78 | 0 | 1.18 | 0 | 1.02 | 0 | 0.47 | -7.84 | 10.77 | -34.21 | 38.95 | -2.65 | -121.14 | 0 | 220.33 | 22.95 | 0.00 | 0 | 23.77 | -3.57 |
