- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.10 | 100.0 | 150.0 | 10.05 | -18.76 | 12.67 | 1.45 | -30.95 | -14.2 | 2.15 | 6.44 | 73.39 | 1.30 | 18.18 | 68.83 | 0.77 | 16.67 | 67.39 | 0.68 | 13.33 | 44.68 | 0.34 | 0.0 | 3.03 | 3.73 | 1.91 | 27.3 | 75.59 | 3.49 | -0.87 | 65.52 | -36.82 | -52.35 | 31.03 | 937.93 | 182.76 | 3.82 | 3.24 | 1.6 |
| 23Q4 (19) | 0.05 | -61.54 | 66.67 | 12.37 | 19.52 | 55.79 | 2.10 | -24.46 | 37.25 | 2.02 | -29.62 | 165.79 | 1.10 | -38.89 | 124.49 | 0.66 | -42.11 | 120.0 | 0.60 | -31.82 | 53.85 | 0.34 | -5.56 | 3.03 | 3.66 | -19.56 | 46.99 | 73.04 | -3.92 | -5.56 | 103.70 | 6.36 | -50.62 | -3.70 | -248.15 | 96.63 | 3.70 | -0.8 | 27.15 |
| 23Q3 (18) | 0.13 | 85.71 | -38.1 | 10.35 | 14.87 | 9.52 | 2.78 | 178.0 | 13.93 | 2.87 | 46.43 | -22.64 | 1.80 | 89.47 | -18.92 | 1.14 | 96.55 | -19.15 | 0.88 | 60.0 | 1.15 | 0.36 | 2.86 | 16.13 | 4.55 | 25.34 | -14.79 | 76.02 | 6.44 | -17.16 | 97.50 | 81.07 | 49.12 | 2.50 | -95.0 | -92.78 | 3.73 | 2.19 | 15.48 |
| 23Q2 (17) | 0.07 | 75.0 | -36.36 | 9.01 | 1.01 | -2.07 | 1.00 | -40.83 | -58.68 | 1.96 | 58.06 | -24.03 | 0.95 | 23.38 | -25.78 | 0.58 | 26.09 | -37.63 | 0.55 | 17.02 | -8.33 | 0.35 | 6.06 | 2.94 | 3.63 | 23.89 | -7.16 | 71.42 | -6.33 | -39.54 | 53.85 | -60.84 | -43.46 | 50.00 | 233.33 | 600.0 | 3.65 | -2.93 | 26.74 |
| 23Q1 (16) | 0.04 | 33.33 | -85.71 | 8.92 | 12.34 | -6.5 | 1.69 | 10.46 | -51.44 | 1.24 | 63.16 | -68.92 | 0.77 | 57.14 | -68.44 | 0.46 | 53.33 | -77.99 | 0.47 | 20.51 | -59.48 | 0.33 | 0.0 | -23.26 | 2.93 | 17.67 | -40.33 | 76.25 | -1.41 | -27.3 | 137.50 | -34.52 | 58.02 | -37.50 | 65.91 | -388.75 | 3.76 | 29.21 | 36.23 |
| 22Q4 (15) | 0.03 | -85.71 | -88.46 | 7.94 | -15.98 | -13.41 | 1.53 | -37.3 | -67.17 | 0.76 | -79.51 | -82.57 | 0.49 | -77.93 | -80.56 | 0.30 | -78.72 | -86.11 | 0.39 | -55.17 | -68.03 | 0.33 | 6.45 | -25.0 | 2.49 | -53.37 | -53.8 | 77.34 | -15.72 | -15.49 | 210.00 | 221.18 | 97.93 | -110.00 | -417.78 | -1403.33 | 2.91 | -9.91 | 31.67 |
| 22Q3 (14) | 0.21 | 90.91 | -30.0 | 9.45 | 2.72 | -16.89 | 2.44 | 0.83 | -53.79 | 3.71 | 43.8 | -29.06 | 2.22 | 73.44 | -26.25 | 1.41 | 51.61 | -40.51 | 0.87 | 45.0 | -34.59 | 0.31 | -8.82 | -22.5 | 5.34 | 36.57 | -14.7 | 91.77 | -22.31 | -4.7 | 65.38 | -31.35 | -35.33 | 34.62 | 384.62 | 3215.38 | 3.23 | 12.15 | 14.95 |
| 22Q2 (13) | 0.11 | -60.71 | -75.56 | 9.20 | -3.56 | -32.99 | 2.42 | -30.46 | -69.98 | 2.58 | -35.34 | -65.46 | 1.28 | -47.54 | -70.84 | 0.93 | -55.5 | -72.4 | 0.60 | -48.28 | -67.91 | 0.34 | -20.93 | -15.0 | 3.91 | -20.37 | -53.89 | 118.13 | 12.63 | 20.63 | 95.24 | 9.45 | -11.76 | 7.14 | -45.0 | 190.0 | 2.88 | 4.35 | -11.11 |
| 22Q1 (12) | 0.28 | 7.69 | -52.54 | 9.54 | 4.03 | -37.03 | 3.48 | -25.32 | -61.12 | 3.99 | -8.49 | -54.97 | 2.44 | -3.17 | -56.81 | 2.09 | -3.24 | -53.14 | 1.16 | -4.92 | -55.04 | 0.43 | -2.27 | -2.27 | 4.91 | -8.91 | -49.22 | 104.88 | 14.6 | 22.78 | 87.01 | -17.99 | -14.14 | 12.99 | 277.49 | 1067.53 | 2.76 | 24.89 | -13.21 |
| 21Q4 (11) | 0.26 | -13.33 | -7.14 | 9.17 | -19.35 | -33.79 | 4.66 | -11.74 | -44.72 | 4.36 | -16.63 | -37.8 | 2.52 | -16.28 | -27.59 | 2.16 | -8.86 | -13.25 | 1.22 | -8.27 | -23.75 | 0.44 | 10.0 | 0.0 | 5.39 | -13.9 | -31.34 | 91.52 | -4.96 | 26.29 | 106.10 | 4.93 | -11.73 | -7.32 | -558.54 | 63.76 | 2.21 | -21.35 | -38.44 |
| 21Q3 (10) | 0.30 | -33.33 | -3.23 | 11.37 | -17.19 | -3.07 | 5.28 | -34.49 | 3.94 | 5.23 | -29.99 | -11.36 | 3.01 | -31.44 | -30.48 | 2.37 | -29.67 | -15.66 | 1.33 | -28.88 | -30.0 | 0.40 | 0.0 | -4.76 | 6.26 | -26.18 | -7.81 | 96.30 | -1.66 | 76.7 | 101.11 | -6.32 | 16.43 | -1.11 | 86.0 | -107.68 | 2.81 | -13.27 | -22.16 |
| 21Q2 (9) | 0.45 | -23.73 | 164.71 | 13.73 | -9.37 | 29.77 | 8.06 | -9.94 | 96.59 | 7.47 | -15.69 | 122.99 | 4.39 | -22.3 | 53.5 | 3.37 | -24.44 | 109.32 | 1.87 | -27.52 | 61.21 | 0.40 | -9.09 | 8.11 | 8.48 | -12.31 | 84.75 | 97.93 | 14.65 | 87.82 | 107.94 | 6.51 | -13.18 | -7.94 | -491.27 | 63.29 | 3.24 | 1.89 | 0 |
| 21Q1 (8) | 0.59 | 110.71 | 637.5 | 15.15 | 9.39 | 44.29 | 8.95 | 6.17 | 260.89 | 8.86 | 26.39 | 277.02 | 5.65 | 62.36 | 292.36 | 4.46 | 79.12 | 519.44 | 2.58 | 61.25 | 344.83 | 0.44 | 0.0 | 37.5 | 9.67 | 23.18 | 152.48 | 85.42 | 17.87 | 52.24 | 101.34 | -15.68 | -6.77 | -1.34 | 93.35 | 69.13 | 3.18 | -11.42 | -27.73 |
| 20Q4 (7) | 0.28 | -9.68 | 833.33 | 13.85 | 18.07 | 30.41 | 8.43 | 65.94 | 123.61 | 7.01 | 18.81 | 630.21 | 3.48 | -19.63 | 411.76 | 2.49 | -11.39 | 555.26 | 1.60 | -15.79 | 310.26 | 0.44 | 4.76 | 25.71 | 7.85 | 15.61 | 224.38 | 72.47 | 32.97 | 19.47 | 120.19 | 38.4 | -68.52 | -20.19 | -239.51 | 92.83 | 3.59 | -0.55 | 1.41 |
| 20Q3 (6) | 0.31 | 82.35 | 416.67 | 11.73 | 10.87 | 4.83 | 5.08 | 23.9 | 127.8 | 5.90 | 76.12 | 417.54 | 4.33 | 51.4 | 341.84 | 2.81 | 74.53 | 368.33 | 1.90 | 63.79 | 245.45 | 0.42 | 13.51 | 20.0 | 6.79 | 47.93 | 134.95 | 54.50 | 4.53 | -13.68 | 86.84 | -30.15 | -54.97 | 14.47 | 166.94 | 115.59 | 3.61 | 0 | 2.56 |
| 20Q2 (5) | 0.17 | 112.5 | 142.86 | 10.58 | 0.76 | 2.72 | 4.10 | 65.32 | 55.89 | 3.35 | 42.55 | 74.48 | 2.86 | 98.61 | 210.87 | 1.61 | 123.61 | 172.88 | 1.16 | 100.0 | 114.81 | 0.37 | 15.62 | 0.0 | 4.59 | 19.84 | 37.01 | 52.14 | -7.08 | -33.84 | 124.32 | 14.38 | -8.59 | -21.62 | -397.3 | 39.94 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.08 | 166.67 | 0.0 | 10.50 | -1.13 | 0.0 | 2.48 | -34.22 | 0.0 | 2.35 | 144.79 | 0.0 | 1.44 | 111.76 | 0.0 | 0.72 | 89.47 | 0.0 | 0.58 | 48.72 | 0.0 | 0.32 | -8.57 | 0.0 | 3.83 | 58.26 | 0.0 | 56.11 | -7.5 | 0.0 | 108.70 | -71.53 | 0.0 | -4.35 | 98.46 | 0.0 | 4.40 | 24.29 | 0.0 |
| 19Q4 (3) | 0.03 | -50.0 | 0.0 | 10.62 | -5.09 | 0.0 | 3.77 | 69.06 | 0.0 | 0.96 | -15.79 | 0.0 | 0.68 | -30.61 | 0.0 | 0.38 | -36.67 | 0.0 | 0.39 | -29.09 | 0.0 | 0.35 | 0.0 | 0.0 | 2.42 | -16.26 | 0.0 | 60.66 | -3.93 | 0.0 | 381.82 | 97.98 | 0.0 | -281.82 | -203.5 | 0.0 | 3.54 | 0.57 | 0.0 |
| 19Q3 (2) | 0.06 | -14.29 | 0.0 | 11.19 | 8.64 | 0.0 | 2.23 | -15.21 | 0.0 | 1.14 | -40.63 | 0.0 | 0.98 | 6.52 | 0.0 | 0.60 | 1.69 | 0.0 | 0.55 | 1.85 | 0.0 | 0.35 | -5.41 | 0.0 | 2.89 | -13.73 | 0.0 | 63.14 | -19.88 | 0.0 | 192.86 | 41.81 | 0.0 | -92.86 | -157.94 | 0.0 | 3.52 | 5.07 | 0.0 |
| 19Q2 (1) | 0.07 | 0.0 | 0.0 | 10.30 | 0.0 | 0.0 | 2.63 | 0.0 | 0.0 | 1.92 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.54 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 3.35 | 0.0 | 0.0 | 78.81 | 0.0 | 0.0 | 136.00 | 0.0 | 0.0 | -36.00 | 0.0 | 0.0 | 3.35 | 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) | 0.30 | -52.38 | 10.16 | 11.77 | 1.90 | -25.78 | 0.87 | 14.8 | 2.03 | -29.27 | 1.16 | -30.54 | 2.82 | -40.76 | 2.48 | -25.08 | 1.38 | -10.39 | 3.70 | -12.53 | 73.04 | -5.56 | 93.64 | 5.2 | 6.36 | -42.09 | 0.03 | 3.36 | 3.71 | 26.62 |
| 2022 (9) | 0.63 | -60.63 | 9.09 | -25.86 | 2.56 | -61.62 | 0.76 | 19.95 | 2.87 | -55.23 | 1.67 | -56.62 | 4.76 | -61.74 | 3.31 | -54.6 | 1.54 | -12.99 | 4.23 | -42.76 | 77.34 | -15.49 | 89.01 | -14.43 | 10.99 | 0 | 0.03 | -46.75 | 2.93 | 3.17 |
| 2021 (8) | 1.60 | 90.48 | 12.26 | 3.37 | 6.67 | 24.91 | 0.63 | -12.02 | 6.41 | 30.02 | 3.85 | 22.22 | 12.44 | 65.87 | 7.29 | 50.0 | 1.77 | 23.78 | 7.39 | 22.96 | 91.52 | 26.29 | 104.03 | -3.94 | -4.03 | 0 | 0.05 | -42.94 | 2.84 | -24.87 |
| 2020 (7) | 0.84 | 250.0 | 11.86 | 15.37 | 5.34 | 136.28 | 0.72 | -15.89 | 4.93 | 262.5 | 3.15 | 238.71 | 7.50 | 237.84 | 4.86 | 129.25 | 1.43 | 0.7 | 6.01 | 103.04 | 72.47 | 19.47 | 108.30 | -34.82 | -8.30 | 0 | 0.08 | -47.01 | 3.78 | 5.88 |
| 2019 (6) | 0.24 | 200.0 | 10.28 | 26.29 | 2.26 | 679.31 | 0.85 | 30.58 | 1.36 | 61.9 | 0.93 | 322.73 | 2.22 | 296.43 | 2.12 | 73.77 | 1.42 | 0.0 | 2.96 | 27.04 | 60.66 | -20.47 | 166.15 | 398.46 | -66.15 | 0 | 0.16 | -6.64 | 3.57 | 14.06 |
| 2018 (5) | 0.08 | 700.0 | 8.14 | -10.25 | 0.29 | -76.98 | 0.65 | 15.57 | 0.84 | 121.05 | 0.22 | 450.0 | 0.56 | 366.67 | 1.22 | 50.62 | 1.42 | -11.8 | 2.33 | 52.29 | 76.27 | -12.12 | 33.33 | -89.74 | 66.67 | 0 | 0.17 | 0 | 3.13 | 5.03 |
| 2017 (4) | 0.01 | -95.0 | 9.07 | -6.97 | 1.26 | 0.0 | 0.57 | -25.69 | 0.38 | -55.29 | 0.04 | -91.84 | 0.12 | -89.92 | 0.81 | -36.72 | 1.61 | 21.05 | 1.53 | -30.77 | 86.79 | 14.92 | 325.00 | 118.28 | -225.00 | 0 | 0.00 | 0 | 2.98 | -21.16 |
| 2016 (3) | 0.20 | 33.33 | 9.75 | 16.21 | 1.26 | 16.67 | 0.76 | 5.3 | 0.85 | 10.39 | 0.49 | 22.5 | 1.19 | 17.82 | 1.28 | 17.43 | 1.33 | -1.48 | 2.21 | 4.74 | 75.52 | -14.19 | 148.89 | 7.4 | -48.89 | 0 | 0.00 | 0 | 3.78 | 8.62 |
| 2015 (2) | 0.15 | -58.33 | 8.39 | 24.85 | 1.08 | -14.29 | 0.72 | 14.17 | 0.77 | -30.63 | 0.40 | -42.86 | 1.01 | -54.5 | 1.09 | -46.04 | 1.35 | -8.78 | 2.11 | -20.68 | 88.01 | 3.58 | 138.64 | 21.69 | -40.91 | 0 | 0.00 | 0 | 3.48 | 19.18 |
| 2014 (1) | 0.36 | 16.13 | 6.72 | 0 | 1.26 | 0 | 0.63 | 0.34 | 1.11 | 0 | 0.70 | 0 | 2.22 | 0 | 2.02 | 0 | 1.48 | 6.47 | 2.66 | 6.4 | 84.97 | -42.54 | 113.92 | -27.5 | -13.92 | 0 | 0.00 | 0 | 2.92 | 4.29 |
