- 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) | -0.10 | 50.0 | -66.67 | 18.98 | -79.44 | -64.48 | -293.41 | 84.31 | -310.19 | -377.75 | 78.7 | -322.21 | -302.72 | 90.02 | -317.03 | -0.30 | 49.15 | -30.43 | -0.06 | 66.67 | -100.0 | 0.00 | 0 | 0 | -300.00 | 72.73 | -439.96 | 266.27 | 12.33 | -44.16 | 83.33 | -23.08 | 11.11 | 25.00 | 400.0 | 0.0 | 223.38 | -81.29 | 137.71 |
| 24Q2 (19) | -0.20 | -108.55 | -17.65 | 92.30 | 397.57 | -3.33 | -1869.78 | -14416.85 | -100.36 | -1773.33 | -13657.57 | -76.94 | -3032.74 | -29093.69 | -104.84 | -0.59 | -108.75 | 3.28 | -0.18 | -109.0 | -80.0 | 0.00 | -100.0 | 0 | -1100.00 | -8509.79 | -22.22 | 237.04 | 20.44 | -46.21 | 108.33 | 8.33 | 18.18 | -8.33 | 0 | -200.0 | 1193.93 | 298382.5 | 61.06 |
| 24Q1 (18) | 2.34 | -58.44 | 168.97 | 18.55 | -1.33 | -53.35 | 13.06 | -4.53 | -57.4 | 13.08 | -3.68 | -57.28 | 10.46 | -3.68 | -57.34 | 6.74 | -63.31 | 115.34 | 2.00 | -49.24 | 233.33 | 0.19 | -47.22 | 850.0 | 13.08 | -4.6 | -58.33 | 196.81 | -29.96 | -53.07 | 100.00 | -0.69 | 0.0 | 0.00 | 100.0 | 0 | 0.40 | 166.67 | -84.13 |
| 23Q4 (17) | 5.63 | 9483.33 | 486.46 | 18.80 | -64.81 | -55.22 | 13.68 | 119.12 | -59.82 | 13.58 | 115.18 | -59.86 | 10.86 | 114.96 | -59.87 | 18.37 | 8086.96 | 411.7 | 3.94 | 13233.33 | 479.41 | 0.36 | 0 | 1700.0 | 13.71 | 124.68 | -60.3 | 280.99 | -41.07 | -35.57 | 100.70 | 34.26 | -0.12 | -0.70 | -102.79 | 15.04 | 0.15 | -99.84 | -90.63 |
| 23Q3 (16) | -0.06 | 64.71 | 33.33 | 53.43 | -44.04 | -42.12 | -71.53 | 92.33 | 95.76 | -89.47 | 91.07 | 94.49 | -72.59 | 95.1 | 94.35 | -0.23 | 62.3 | 28.12 | -0.03 | 70.0 | 40.0 | 0.00 | 0 | 0 | -55.56 | 93.83 | 93.83 | 476.83 | 8.2 | 9.27 | 75.00 | -18.18 | -25.0 | 25.00 | 200.0 | 0 | 93.97 | -87.32 | -92.97 |
| 23Q2 (15) | -0.17 | -119.54 | 41.38 | 95.48 | 140.14 | 0.84 | -933.19 | -3143.67 | 25.29 | -1002.22 | -3373.09 | 24.87 | -1480.55 | -6138.13 | 49.86 | -0.61 | -119.49 | 44.04 | -0.10 | -116.67 | 52.38 | 0.00 | -100.0 | 0 | -900.00 | -2967.16 | 18.18 | 440.71 | 5.08 | 6.96 | 91.67 | -8.33 | -0.69 | 8.33 | 0 | 8.33 | 741.30 | 29316.67 | -25.03 |
| 23Q1 (14) | 0.87 | -9.37 | -25.64 | 39.76 | -5.29 | 63.42 | 30.66 | -9.96 | 78.36 | 30.62 | -9.49 | 78.23 | 24.52 | -9.39 | 78.46 | 3.13 | -12.81 | -30.13 | 0.60 | -11.76 | -36.17 | 0.02 | 0.0 | -71.43 | 31.39 | -9.09 | 80.2 | 419.41 | -3.83 | 14.16 | 100.00 | -0.81 | 0.0 | 0.00 | 100.0 | 0 | 2.52 | 57.5 | 100.0 |
| 22Q4 (13) | 0.96 | 1166.67 | -36.0 | 41.98 | -54.52 | 60.72 | 34.05 | 102.02 | 72.75 | 33.83 | 102.08 | 72.25 | 27.06 | 102.11 | 72.14 | 3.59 | 1221.87 | -41.05 | 0.68 | 1460.0 | -53.1 | 0.02 | 0 | -77.78 | 34.53 | 103.84 | 72.82 | 436.12 | -0.06 | 9.37 | 100.82 | 0.82 | 0.82 | -0.82 | 0 | -57.38 | 1.60 | -99.88 | 53.85 |
| 22Q3 (12) | -0.09 | 68.97 | -104.09 | 92.31 | -2.5 | 330.15 | -1688.91 | -35.21 | -10769.05 | -1624.11 | -21.74 | -10379.18 | -1284.47 | 56.5 | -10245.89 | -0.32 | 70.64 | -103.33 | -0.05 | 76.19 | -101.97 | 0.00 | 0 | -100.0 | -900.00 | 18.18 | -5763.94 | 436.36 | 5.9 | 77.61 | 100.00 | 8.33 | -0.36 | -0.00 | -100.0 | 100.0 | 1337.57 | 35.26 | 230515.52 |
| 22Q2 (11) | -0.29 | -124.79 | -141.67 | 94.68 | 289.15 | 2.15 | -1249.10 | -7366.43 | 37.65 | -1334.04 | -7865.08 | 33.76 | -2952.91 | -21591.34 | -77.1 | -1.09 | -124.33 | -118.0 | -0.21 | -122.34 | -75.0 | 0.00 | -100.0 | 0 | -1100.00 | -6414.58 | 8.33 | 412.03 | 12.15 | 30.52 | 92.31 | -7.69 | -7.69 | 7.69 | 0 | 0 | 988.86 | 78380.95 | -32.92 |
| 22Q1 (10) | 1.17 | -22.0 | 134.0 | 24.33 | -6.85 | 23.94 | 17.19 | -12.79 | 44.09 | 17.18 | -12.53 | 43.17 | 13.74 | -12.6 | 44.18 | 4.48 | -26.44 | 118.54 | 0.94 | -35.17 | 64.91 | 0.07 | -22.22 | 16.67 | 17.42 | -12.81 | 42.32 | 367.38 | -7.87 | 48.69 | 100.00 | 0.0 | 1.56 | 0.00 | 100.0 | 0 | 1.26 | 21.15 | -35.05 |
| 21Q4 (9) | 1.50 | -31.82 | -47.55 | 26.12 | 21.71 | 27.29 | 19.71 | 24.51 | 32.37 | 19.64 | 24.3 | 31.81 | 15.72 | 24.17 | 31.88 | 6.09 | -36.56 | -51.2 | 1.45 | -42.91 | -51.99 | 0.09 | -55.0 | -64.0 | 19.98 | 25.74 | 33.11 | 398.77 | 62.31 | 42.46 | 100.00 | -0.36 | 0.0 | -0.52 | -45.31 | 0 | 1.04 | 79.31 | 112.24 |
| 21Q3 (8) | 2.20 | 1933.33 | 307.41 | 21.46 | -76.85 | 29.75 | 15.83 | 100.79 | 59.9 | 15.80 | 100.78 | 60.24 | 12.66 | 100.76 | 60.46 | 9.60 | 2020.0 | 277.95 | 2.54 | 2216.67 | 337.93 | 0.20 | 0 | 185.71 | 15.89 | 101.32 | 55.94 | 245.68 | -22.17 | -31.15 | 100.36 | 0.36 | 0.36 | -0.36 | 0 | 0 | 0.58 | -99.96 | -56.06 |
| 21Q2 (7) | -0.12 | -124.0 | -33.33 | 92.69 | 372.19 | -1.88 | -2003.38 | -16892.79 | -78.43 | -2014.06 | -16883.83 | -92.85 | -1667.37 | -17596.01 | -81.6 | -0.50 | -124.39 | -21.95 | -0.12 | -121.05 | -33.33 | 0.00 | -100.0 | 0 | -1200.00 | -9903.92 | -50.0 | 315.68 | 27.76 | -8.6 | 100.00 | 1.56 | -9.09 | -0.00 | 0 | 100.0 | 1474.12 | 75885.57 | 0 |
| 21Q1 (6) | 0.50 | -82.52 | 400.0 | 19.63 | -4.34 | -7.62 | 11.93 | -19.88 | 37.6 | 12.00 | -19.46 | 47.06 | 9.53 | -20.05 | 46.39 | 2.05 | -83.57 | 327.08 | 0.57 | -81.13 | 235.29 | 0.06 | -76.0 | 200.0 | 12.24 | -18.45 | 29.8 | 247.08 | -11.73 | 3.1 | 98.46 | -1.54 | -8.57 | 0.00 | 0 | 100.0 | 1.94 | 295.92 | -69.35 |
| 20Q4 (5) | 2.86 | 429.63 | 483.67 | 20.52 | 24.06 | 2.14 | 14.89 | 50.4 | 7.43 | 14.90 | 51.12 | 9.0 | 11.92 | 51.08 | 28.31 | 12.48 | 391.34 | 431.06 | 3.02 | 420.69 | 272.84 | 0.25 | 257.14 | 177.78 | 15.01 | 47.3 | 6.91 | 279.91 | -21.55 | 35.48 | 100.00 | 0.0 | -1.35 | 0.00 | 0 | 100.0 | 0.49 | -62.88 | -65.0 |
| 20Q3 (4) | 0.54 | 700.0 | 0.0 | 16.54 | -82.49 | 0.0 | 9.90 | 100.88 | 0.0 | 9.86 | 100.94 | 0.0 | 7.89 | 100.86 | 0.0 | 2.54 | 719.51 | 0.0 | 0.58 | 744.44 | 0.0 | 0.07 | 0 | 0.0 | 10.19 | 101.27 | 0.0 | 356.82 | 3.31 | 0.0 | 100.00 | -9.09 | 0.0 | 0.00 | 100.0 | 0.0 | 1.32 | 0 | 0.0 |
| 20Q2 (3) | -0.09 | -190.0 | 0.0 | 94.47 | 344.56 | 0.0 | -1122.76 | -13049.94 | 0.0 | -1044.36 | -12898.53 | 0.0 | -918.16 | -14203.84 | 0.0 | -0.41 | -185.42 | 0.0 | -0.09 | -152.94 | 0.0 | 0.00 | -100.0 | 0.0 | -800.00 | -8583.56 | 0.0 | 345.39 | 44.12 | 0.0 | 110.00 | 2.14 | 0.0 | -10.00 | -30.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.10 | -79.59 | 0.0 | 21.25 | 5.77 | 0.0 | 8.67 | -37.45 | 0.0 | 8.16 | -40.31 | 0.0 | 6.51 | -29.92 | 0.0 | 0.48 | -79.57 | 0.0 | 0.17 | -79.01 | 0.0 | 0.02 | -77.78 | 0.0 | 9.43 | -32.83 | 0.0 | 239.65 | 16.0 | 0.0 | 107.69 | 6.24 | 0.0 | -7.69 | -461.54 | 0.0 | 6.33 | 352.14 | 0.0 |
| 19Q4 (1) | 0.49 | 0.0 | 0.0 | 20.09 | 0.0 | 0.0 | 13.86 | 0.0 | 0.0 | 13.67 | 0.0 | 0.0 | 9.29 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 14.04 | 0.0 | 0.0 | 206.60 | 0.0 | 0.0 | 101.37 | 0.0 | 0.0 | -1.37 | 0.0 | 0.0 | 1.40 | 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) | 6.26 | 257.71 | 20.20 | -31.78 | 14.43 | -28.49 | 0.04 | -78.26 | 14.29 | -28.83 | 11.29 | -22.35 | 20.64 | 209.91 | 4.66 | 253.03 | 0.41 | 355.56 | 14.56 | -30.03 | 280.99 | -35.57 | 100.99 | 0.58 | -0.99 | 0 | 0.00 | 0 | 0.60 | -79.31 |
| 2022 (9) | 1.75 | -57.21 | 29.61 | 31.25 | 20.18 | 26.84 | 0.16 | 166.99 | 20.08 | 26.45 | 14.54 | 14.58 | 6.66 | -59.39 | 1.32 | -64.99 | 0.09 | -68.97 | 20.81 | 28.93 | 436.12 | 9.37 | 100.40 | 0.21 | -0.40 | 0 | 0.00 | 0 | 2.90 | 130.16 |
| 2021 (8) | 4.09 | 19.59 | 22.56 | 14.29 | 15.91 | 20.44 | 0.06 | 0.73 | 15.88 | 20.21 | 12.69 | 20.4 | 16.40 | 8.75 | 3.77 | -14.9 | 0.29 | -29.27 | 16.14 | 19.73 | 398.77 | 42.46 | 100.19 | 0.19 | -0.19 | 0 | 0.00 | 0 | 1.26 | 3.28 |
| 2020 (7) | 3.42 | 1610.0 | 19.74 | 3.4 | 13.21 | 52.36 | 0.06 | -58.34 | 13.21 | 53.07 | 10.54 | 251.33 | 15.08 | 1557.14 | 4.43 | 822.92 | 0.41 | 192.86 | 13.48 | 45.1 | 279.91 | 35.48 | 100.00 | -1.67 | 0.00 | 0 | 0.00 | 0 | 1.22 | -73.76 |
| 2019 (6) | 0.20 | -97.34 | 19.09 | -29.09 | 8.67 | -59.33 | 0.15 | 0 | 8.63 | -59.86 | 3.00 | -85.19 | 0.91 | -97.58 | 0.48 | -97.83 | 0.14 | -87.16 | 9.29 | -56.79 | 206.60 | 556.29 | 101.69 | 2.58 | 0.00 | 0 | 0.00 | 0 | 4.65 | 496.15 |
| 2018 (5) | 7.52 | 350.3 | 26.92 | 53.22 | 21.32 | 83.95 | 0.00 | 0 | 21.50 | 86.96 | 20.25 | 91.76 | 37.56 | 263.95 | 22.15 | 323.52 | 1.09 | 122.45 | 21.50 | 84.39 | 31.48 | -74.89 | 99.14 | -1.92 | 0.86 | 0 | 0.00 | 0 | 0.78 | -52.15 |
| 2017 (4) | 1.67 | -49.55 | 17.57 | -34.15 | 11.59 | -25.13 | 0.06 | 51.3 | 11.50 | -22.09 | 10.56 | -23.7 | 10.32 | -52.66 | 5.23 | -47.01 | 0.49 | -27.94 | 11.66 | -25.54 | 125.39 | 71.98 | 101.08 | -3.48 | -0.54 | 0 | 0.00 | 0 | 1.63 | 79.12 |
| 2016 (3) | 3.31 | -19.27 | 26.68 | 80.76 | 15.48 | 23.35 | 0.04 | 43.79 | 14.76 | 23.93 | 13.84 | 16.2 | 21.80 | -34.93 | 9.87 | -0.2 | 0.68 | -13.92 | 15.66 | 24.29 | 72.91 | -63.37 | 104.72 | -0.51 | -5.00 | 0 | 0.00 | 0 | 0.91 | 62.5 |
| 2015 (2) | 4.10 | 0 | 14.76 | -85.24 | 12.55 | 0 | 0.03 | -99.96 | 11.91 | 0 | 11.91 | 0 | 33.50 | 0 | 9.89 | 0 | 0.79 | 0 | 12.60 | 0 | 199.04 | -40.0 | 105.26 | 3.84 | -5.26 | 0 | 0.00 | 0 | 0.56 | -99.88 |
| 2014 (1) | -0.72 | 0 | 100.00 | 0 | -2362.94 | 0 | 66.67 | -66.67 | -2336.13 | 0 | -2336.13 | 0 | -6.81 | 0 | -1.98 | 0 | 0.00 | 0 | -2366.67 | 0 | 331.76 | 112.0 | 101.37 | -1.61 | -1.37 | 0 | 0.00 | 0 | 450.34 | -81.86 |
