- 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) | 0.73 | -19.78 | -54.38 | 55.94 | 5.41 | 1.51 | 7.56 | 9.88 | -36.04 | 6.41 | -8.56 | -46.85 | 5.11 | -5.89 | -46.66 | 3.37 | -21.81 | -59.83 | 1.54 | -13.97 | -57.22 | 0.27 | -10.0 | -25.0 | 12.27 | 1.07 | -24.4 | 144.00 | -5.79 | 2.85 | 118.75 | 21.88 | 22.24 | -18.75 | -831.25 | -1412.5 | 17.27 | 19.76 | 7.87 |
| 23Q4 (19) | 0.91 | 295.65 | -25.41 | 53.07 | 4.49 | 8.46 | 6.88 | 842.47 | -10.77 | 7.01 | 390.21 | -12.81 | 5.43 | 210.29 | -14.76 | 4.31 | 216.91 | -38.07 | 1.79 | 163.24 | -40.73 | 0.30 | 0.0 | -34.78 | 12.14 | 73.93 | 4.3 | 152.85 | -14.84 | 5.53 | 97.44 | 70.51 | 1.33 | 2.56 | -95.51 | -33.33 | 14.42 | -4.76 | 11.18 |
| 23Q3 (18) | 0.23 | -57.41 | -69.33 | 50.79 | -8.17 | -4.01 | 0.73 | -86.3 | -91.34 | 1.43 | -72.23 | -80.41 | 1.75 | -49.86 | -69.3 | 1.36 | -45.38 | -74.29 | 0.68 | -42.86 | -72.13 | 0.30 | 0.0 | -25.0 | 6.98 | -32.88 | -42.22 | 179.49 | 25.99 | 33.82 | 57.14 | -45.05 | -50.83 | 57.14 | 1528.57 | 452.38 | 15.14 | -14.07 | -3.69 |
| 23Q2 (17) | 0.54 | -66.25 | 775.0 | 55.31 | 0.36 | -4.36 | 5.33 | -54.91 | 49.72 | 5.15 | -57.3 | 312.0 | 3.49 | -63.57 | 893.18 | 2.49 | -70.32 | 1057.69 | 1.19 | -66.94 | 3866.67 | 0.30 | -16.67 | 11.11 | 10.40 | -35.92 | 23.96 | 142.46 | 1.75 | 12.1 | 104.00 | 7.06 | -62.18 | -4.00 | -380.0 | 97.71 | 17.62 | 10.06 | -10.06 |
| 23Q1 (16) | 1.60 | 31.15 | 42.86 | 55.11 | 12.63 | -6.56 | 11.82 | 53.31 | -2.88 | 12.06 | 50.0 | 4.87 | 9.58 | 50.39 | 7.16 | 8.39 | 20.55 | 12.32 | 3.60 | 19.21 | -1.1 | 0.36 | -21.74 | -10.0 | 16.23 | 39.43 | 0.87 | 140.01 | -3.33 | 38.95 | 97.14 | 1.03 | -8.06 | 1.43 | -62.86 | 125.24 | 16.01 | 23.44 | -11.74 |
| 22Q4 (15) | 1.22 | 62.67 | -3.94 | 48.93 | -7.52 | -17.01 | 7.71 | -8.54 | -26.08 | 8.04 | 10.14 | -26.44 | 6.37 | 11.75 | -26.95 | 6.96 | 31.57 | -21.8 | 3.02 | 23.77 | -26.52 | 0.46 | 15.0 | 0.0 | 11.64 | -3.64 | -23.87 | 144.84 | 7.98 | 19.68 | 96.15 | -17.26 | 1.6 | 3.85 | 123.72 | -28.21 | 12.97 | -17.49 | -26.81 |
| 22Q3 (14) | 0.75 | 1037.5 | -5.06 | 52.91 | -8.51 | -3.89 | 8.43 | 136.8 | 48.15 | 7.30 | 484.0 | -27.0 | 5.70 | 1395.45 | -38.64 | 5.29 | 2134.62 | -14.68 | 2.44 | 8033.33 | -16.15 | 0.40 | 48.15 | 33.33 | 12.08 | 43.98 | -29.81 | 134.13 | 5.55 | 8.7 | 116.22 | -57.74 | 100.15 | -16.22 | 90.73 | -138.67 | 15.72 | -19.75 | -19.18 |
| 22Q2 (13) | -0.08 | -107.14 | -900.0 | 57.83 | -1.95 | -5.78 | 3.56 | -70.75 | 220.72 | 1.25 | -89.13 | -45.89 | -0.44 | -104.92 | -168.75 | -0.26 | -103.48 | -174.29 | 0.03 | -99.18 | -88.46 | 0.27 | -32.5 | 12.5 | 8.39 | -47.86 | -19.64 | 127.08 | 26.12 | 6.96 | 275.00 | 160.27 | 450.0 | -175.00 | -2991.67 | -450.0 | 19.59 | 7.99 | -14.86 |
| 22Q1 (12) | 1.12 | -11.81 | -10.4 | 58.98 | 0.03 | -0.19 | 12.17 | 16.68 | 1.5 | 11.50 | 5.22 | -4.72 | 8.94 | 2.52 | -5.89 | 7.47 | -16.07 | -25.45 | 3.64 | -11.44 | -9.45 | 0.40 | -13.04 | -2.44 | 16.09 | 5.23 | -3.01 | 100.76 | -16.74 | -22.47 | 105.66 | 11.64 | 5.66 | -5.66 | -205.66 | 0 | 18.14 | 2.37 | -0.66 |
| 21Q4 (11) | 1.27 | 60.76 | -13.01 | 58.96 | 7.1 | 26.66 | 10.43 | 83.3 | 21.7 | 10.93 | 9.3 | 20.51 | 8.72 | -6.14 | 18.96 | 8.90 | 43.55 | -23.14 | 4.11 | 41.24 | 0.0 | 0.46 | 53.33 | -14.81 | 15.29 | -11.16 | 24.11 | 121.02 | -1.92 | -35.36 | 94.64 | 63.0 | 0.0 | 5.36 | -87.23 | 0.0 | 17.72 | -8.89 | 33.63 |
| 21Q3 (10) | 0.79 | 7800.0 | -32.48 | 55.05 | -10.31 | -7.73 | 5.69 | 412.61 | -24.13 | 10.00 | 332.9 | -16.67 | 9.29 | 1351.56 | -12.77 | 6.20 | 1671.43 | -43.74 | 2.91 | 1019.23 | -24.22 | 0.30 | 25.0 | -14.29 | 17.21 | 64.85 | -5.07 | 123.39 | 3.85 | -36.65 | 58.06 | 16.13 | -5.38 | 41.94 | -16.13 | 15.32 | 19.45 | -15.47 | -2.41 |
| 21Q2 (9) | 0.01 | -99.2 | -98.75 | 61.38 | 3.88 | 2.01 | 1.11 | -90.74 | -89.0 | 2.31 | -80.86 | -77.35 | 0.64 | -93.26 | -91.79 | 0.35 | -96.51 | -95.66 | 0.26 | -93.53 | -89.88 | 0.24 | -41.46 | -20.0 | 10.44 | -37.07 | -38.08 | 118.81 | -8.59 | -41.39 | 50.00 | -50.0 | -50.0 | 50.00 | 0 | 0 | 23.01 | 26.01 | 0 |
| 21Q1 (8) | 1.25 | -14.38 | 214.68 | 59.09 | 26.94 | 22.42 | 11.99 | 39.91 | 452.65 | 12.07 | 33.08 | 376.2 | 9.50 | 29.6 | 251.27 | 10.02 | -13.47 | 215.97 | 4.02 | -2.19 | 302.01 | 0.41 | -24.07 | 10.81 | 16.59 | 34.66 | 671.63 | 129.97 | -30.58 | -55.07 | 100.00 | 5.66 | 25.0 | 0.00 | -100.0 | -100.0 | 18.26 | 37.71 | 5.49 |
| 20Q4 (7) | 1.46 | 24.79 | 244.55 | 46.55 | -21.97 | -20.36 | 8.57 | 14.27 | 92.58 | 9.07 | -24.42 | 309.95 | 7.33 | -31.17 | 234.0 | 11.58 | 5.08 | 237.86 | 4.11 | 7.03 | 305.5 | 0.54 | 54.29 | 28.57 | 12.32 | -32.05 | 1030.28 | 187.23 | -3.87 | -28.47 | 94.64 | 54.23 | 190.86 | 5.36 | -85.27 | -97.32 | 13.26 | -33.47 | -25.0 |
| 20Q3 (6) | 1.17 | 46.25 | 715.79 | 59.66 | -0.85 | 6.75 | 7.50 | -25.67 | 557.89 | 12.00 | 17.65 | 11009.09 | 10.65 | 36.54 | 888.89 | 11.02 | 36.56 | 810.97 | 3.84 | 49.42 | 3590.91 | 0.35 | 16.67 | 9.37 | 18.13 | 7.53 | 151.46 | 194.77 | -3.91 | -28.16 | 61.36 | -38.64 | 0 | 36.36 | 0 | 0 | 19.93 | 0 | 8.61 |
| 20Q2 (5) | 0.80 | 173.39 | 1900.0 | 60.17 | 24.65 | 2.84 | 10.09 | 396.76 | 176.44 | 10.20 | 333.41 | 423.08 | 7.80 | 224.2 | 2788.89 | 8.07 | 193.4 | 2345.45 | 2.57 | 229.15 | 458.7 | 0.30 | -18.92 | -9.09 | 16.86 | 684.19 | 85.07 | 202.70 | -29.93 | -18.73 | 100.00 | 25.0 | -43.75 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | -1.09 | -7.92 | 0.0 | 48.27 | -17.42 | 0.0 | -3.40 | -176.4 | 0.0 | -4.37 | -1.16 | 0.0 | -6.28 | -14.81 | 0.0 | -8.64 | -2.86 | 0.0 | -1.99 | 0.5 | 0.0 | 0.37 | -11.9 | 0.0 | 2.15 | 97.25 | 0.0 | 289.28 | 10.52 | 0.0 | 80.00 | 176.8 | 0.0 | 20.00 | -90.0 | 0.0 | 17.31 | -2.09 | 0.0 |
| 19Q4 (3) | -1.01 | -431.58 | 0.0 | 58.45 | 4.58 | 0.0 | 4.45 | 290.35 | 0.0 | -4.32 | -3827.27 | 0.0 | -5.47 | -305.19 | 0.0 | -8.40 | -441.94 | 0.0 | -2.00 | -1718.18 | 0.0 | 0.42 | 31.25 | 0.0 | 1.09 | -84.88 | 0.0 | 261.74 | -3.45 | 0.0 | -104.17 | 0 | 0.0 | 200.00 | 0 | 0.0 | 17.68 | -3.65 | 0.0 |
| 19Q3 (2) | -0.19 | -575.0 | 0.0 | 55.89 | -4.48 | 0.0 | 1.14 | -68.77 | 0.0 | -0.11 | -105.64 | 0.0 | -1.35 | -600.0 | 0.0 | -1.55 | -569.7 | 0.0 | -0.11 | -123.91 | 0.0 | 0.32 | -3.03 | 0.0 | 7.21 | -20.86 | 0.0 | 271.10 | 8.69 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 18.35 | 10.48 | 0.0 |
| 19Q2 (1) | 0.04 | 0.0 | 0.0 | 58.51 | 0.0 | 0.0 | 3.65 | 0.0 | 0.0 | 1.95 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 9.11 | 0.0 | 0.0 | 249.43 | 0.0 | 0.0 | 177.78 | 0.0 | 0.0 | -77.78 | 0.0 | 0.0 | 16.61 | 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) | 3.21 | 6.64 | 53.57 | -0.48 | 6.38 | -22.85 | 3.89 | 0.51 | 6.61 | -12.33 | 5.23 | -7.92 | 16.35 | -13.67 | 7.20 | -15.89 | 1.25 | -12.59 | 11.57 | -5.7 | 152.85 | 5.53 | 96.45 | -11.99 | 3.55 | 0 | 1.24 | -31.2 | 15.74 | -1.69 |
| 2022 (9) | 3.01 | -6.81 | 53.83 | -8.14 | 8.27 | -1.78 | 3.87 | -18.07 | 7.54 | -22.11 | 5.68 | -26.71 | 18.94 | -24.48 | 8.56 | -17.93 | 1.43 | 10.85 | 12.27 | -19.7 | 144.84 | 19.68 | 109.59 | 26.71 | -9.59 | 0 | 1.80 | -34.15 | 16.01 | -16.18 |
| 2021 (8) | 3.23 | 37.45 | 58.60 | 12.13 | 8.42 | 52.54 | 4.72 | 6.62 | 9.68 | 51.72 | 7.75 | 70.33 | 25.08 | 19.77 | 10.43 | 43.47 | 1.29 | -9.79 | 15.28 | 29.82 | 121.02 | -35.36 | 86.49 | 0.61 | 12.84 | -2.43 | 2.74 | -11.88 | 19.10 | 16.11 |
| 2020 (7) | 2.35 | 0 | 52.26 | -9.58 | 5.52 | 62.83 | 4.43 | -10.92 | 6.38 | 5216.67 | 4.55 | 0 | 20.94 | 0 | 7.27 | 0 | 1.43 | -6.54 | 11.77 | 78.6 | 187.23 | -28.47 | 85.96 | -97.35 | 13.16 | 0 | 3.11 | 9.58 | 16.45 | -2.08 |
| 2019 (6) | -0.82 | 0 | 57.80 | -1.75 | 3.39 | 21.51 | 4.97 | 242.02 | 0.12 | -91.78 | -1.28 | 0 | -6.57 | 0 | -0.49 | 0 | 1.53 | 0.66 | 6.59 | 55.42 | 261.74 | 23.88 | 3250.00 | 1592.71 | -3100.00 | 0 | 2.84 | -65.18 | 16.80 | 18.56 |
| 2018 (5) | 0.30 | 400.0 | 58.83 | -0.25 | 2.79 | 973.08 | 1.45 | -8.95 | 1.46 | 942.86 | 0.66 | 0 | 3.10 | 0 | 2.17 | 219.12 | 1.52 | 14.29 | 4.24 | 47.74 | 211.29 | 1.63 | 192.00 | -4.0 | -92.00 | 0 | 8.15 | 0 | 14.17 | -0.77 |
| 2017 (4) | 0.06 | 0 | 58.98 | 14.06 | 0.26 | 0 | 1.60 | 54.85 | 0.14 | 0 | -0.01 | 0 | -0.04 | 0 | 0.68 | 0 | 1.33 | 11.76 | 2.87 | 0 | 207.91 | 147.78 | 200.00 | 105.59 | -100.00 | 0 | 0.00 | 0 | 14.28 | -18.21 |
| 2016 (3) | -4.55 | 0 | 51.71 | 48.29 | -12.32 | 0 | 1.03 | 184.02 | -12.65 | 0 | -12.71 | 0 | -29.52 | 0 | -14.49 | 0 | 1.19 | 27.96 | -10.91 | 0 | 83.91 | -31.19 | 97.28 | -12.01 | 2.72 | 0 | 0.00 | 0 | 17.46 | -34.21 |
| 2015 (2) | -4.83 | 0 | 34.87 | 20.37 | -46.58 | 0 | 0.36 | 43.19 | -42.13 | 0 | -42.25 | 0 | -86.93 | 0 | -38.89 | 0 | 0.93 | 22.37 | -41.11 | 0 | 121.95 | 1.04 | 110.56 | -28.2 | -10.56 | 0 | 0.00 | 0 | 26.54 | -1.99 |
| 2014 (1) | -5.78 | 0 | 28.97 | 0 | -53.86 | 0 | 0.25 | -11.66 | -34.98 | 0 | -35.26 | 0 | -53.74 | 0 | -25.83 | 0 | 0.76 | -5.0 | -33.02 | 0 | 120.70 | 34.48 | 153.99 | 58.7 | -53.99 | 0 | 0.00 | 0 | 27.08 | 21.6 |
