- 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) | -0.26 | -262.5 | -360.0 | 22.82 | -6.24 | 5.16 | -1.01 | -223.17 | -183.47 | -2.38 | -191.54 | -234.46 | -2.63 | -249.43 | -441.56 | -0.98 | -263.33 | -450.0 | -0.35 | -192.11 | -305.88 | 0.17 | 6.25 | -19.05 | 3.49 | -59.98 | -45.21 | 121.95 | 6.33 | 27.11 | 42.50 | 34.69 | -37.54 | 57.50 | -15.99 | 79.95 | 20.92 | -1.37 | 8.56 |
| 24Q2 (19) | 0.16 | 260.0 | 433.33 | 24.34 | 3.75 | 24.76 | 0.82 | 201.23 | -59.41 | 2.60 | 796.55 | 124.14 | 1.76 | 260.0 | 208.77 | 0.60 | 276.47 | 130.77 | 0.38 | 733.33 | 65.22 | 0.16 | 6.67 | 23.08 | 8.72 | 26.74 | 6.21 | 114.69 | -0.92 | -60.68 | 31.55 | 111.42 | -82.01 | 68.45 | -81.81 | 190.73 | 21.21 | -6.44 | 11.11 |
| 24Q1 (18) | -0.10 | 9.09 | -266.67 | 23.46 | -4.83 | 26.54 | -0.81 | -126.64 | -157.45 | 0.29 | -65.06 | -63.29 | -1.10 | -29.41 | -280.33 | -0.34 | -17.24 | -217.24 | -0.06 | 0.0 | -125.0 | 0.15 | -11.76 | -6.25 | 6.88 | 10.08 | -6.27 | 115.75 | 10.35 | -42.29 | -276.19 | -174.82 | -255.12 | 376.19 | 239.79 | 581.99 | 22.67 | 18.82 | 20.78 |
| 23Q4 (17) | -0.11 | -210.0 | 50.0 | 24.65 | 13.59 | 21.85 | 3.04 | 151.24 | 2.36 | 0.83 | -53.11 | 139.34 | -0.85 | -210.39 | 54.79 | -0.29 | -203.57 | 71.0 | -0.06 | -135.29 | 70.0 | 0.17 | -19.05 | 0.0 | 6.25 | -1.88 | 75.56 | 104.89 | 9.33 | -51.33 | 369.12 | 442.44 | 362.44 | -269.12 | -942.24 | -211.83 | 19.08 | -0.99 | 9.59 |
| 23Q3 (16) | 0.10 | 233.33 | -86.84 | 21.70 | 11.23 | 29.94 | 1.21 | -40.1 | -39.2 | 1.77 | 52.59 | -75.69 | 0.77 | 35.09 | -87.17 | 0.28 | 7.69 | -92.49 | 0.17 | -26.09 | -87.22 | 0.21 | 61.54 | 5.0 | 6.37 | -22.41 | -44.42 | 95.94 | -67.1 | -53.43 | 68.05 | -61.21 | 149.34 | 31.95 | 142.36 | -56.05 | 19.27 | 0.94 | 24.97 |
| 23Q2 (15) | 0.03 | -50.0 | -93.88 | 19.51 | 5.23 | 13.76 | 2.02 | 43.26 | -48.21 | 1.16 | 46.84 | -75.58 | 0.57 | -6.56 | -85.86 | 0.26 | -10.34 | -89.72 | 0.23 | -4.17 | -74.44 | 0.13 | -18.75 | -35.0 | 8.21 | 11.85 | -6.39 | 291.65 | 45.42 | 40.2 | 175.44 | -1.47 | 113.37 | -75.44 | 3.34 | -524.34 | 19.09 | 1.7 | 29.07 |
| 23Q1 (14) | 0.06 | 127.27 | -70.0 | 18.54 | -8.35 | 24.68 | 1.41 | -52.53 | -10.76 | 0.79 | 137.44 | -66.53 | 0.61 | 132.45 | -66.67 | 0.29 | 129.0 | -72.9 | 0.24 | 220.0 | -44.19 | 0.16 | -5.88 | -15.79 | 7.34 | 106.18 | 13.8 | 200.56 | -6.95 | -10.2 | 178.05 | 226.59 | 166.16 | -78.05 | -132.43 | -335.77 | 18.77 | 7.81 | 18.95 |
| 22Q4 (13) | -0.22 | -128.95 | -222.22 | 20.23 | 21.14 | 24.26 | 2.97 | 49.25 | 35.62 | -2.11 | -128.98 | -198.14 | -1.88 | -131.33 | -215.34 | -1.00 | -126.81 | -201.01 | -0.20 | -115.04 | -147.62 | 0.17 | -15.0 | -19.05 | 3.56 | -68.94 | -41.73 | 215.53 | 4.62 | 12.17 | -140.65 | -615.37 | -238.61 | 240.65 | 230.98 | 16464.23 | 17.41 | 12.91 | 11.75 |
| 22Q3 (12) | 0.76 | 55.1 | 58.33 | 16.70 | -2.62 | -6.44 | 1.99 | -48.97 | -47.49 | 7.28 | 53.26 | 28.85 | 6.00 | 48.88 | 27.12 | 3.73 | 47.43 | 39.7 | 1.33 | 47.78 | 29.13 | 0.20 | 0.0 | 0.0 | 11.46 | 30.67 | 16.46 | 206.02 | -0.96 | 14.77 | 27.29 | -66.81 | -59.37 | 72.71 | 308.99 | 119.46 | 15.42 | 4.26 | -3.5 |
| 22Q2 (11) | 0.49 | 145.0 | 44.12 | 17.15 | 15.33 | 12.53 | 3.90 | 146.84 | 929.79 | 4.75 | 101.27 | -1.04 | 4.03 | 120.22 | 4.13 | 2.53 | 136.45 | 39.01 | 0.90 | 109.3 | 20.0 | 0.20 | 5.26 | 11.11 | 8.77 | 35.97 | -2.34 | 208.02 | -6.86 | 18.43 | 82.22 | 22.91 | 943.67 | 17.78 | -46.3 | -83.86 | 14.79 | -6.27 | -15.63 |
| 22Q1 (10) | 0.20 | 11.11 | 25.0 | 14.87 | -8.66 | -11.49 | 1.58 | -27.85 | -6.51 | 2.36 | 9.77 | -21.59 | 1.83 | 12.27 | -12.02 | 1.07 | 8.08 | 12.63 | 0.43 | 2.38 | -2.27 | 0.19 | -9.52 | 5.56 | 6.45 | 5.56 | -8.12 | 223.34 | 16.24 | 46.67 | 66.90 | -34.07 | 19.11 | 33.10 | 2351.03 | -24.48 | 15.78 | 1.28 | -10.03 |
| 21Q4 (9) | 0.18 | -62.5 | 178.26 | 16.28 | -8.8 | 8.46 | 2.19 | -42.22 | 830.0 | 2.15 | -61.95 | 328.72 | 1.63 | -65.47 | 188.59 | 0.99 | -62.92 | 206.45 | 0.42 | -59.22 | 231.25 | 0.21 | 5.0 | 0.0 | 6.11 | -37.91 | 127.99 | 192.14 | 7.04 | 25.21 | 101.47 | 51.06 | 223.44 | -1.47 | -104.44 | -102.14 | 15.58 | -2.5 | -5.58 |
| 21Q3 (8) | 0.48 | 41.18 | -28.36 | 17.85 | 17.13 | -4.55 | 3.79 | 906.38 | 11.14 | 5.65 | 17.71 | -35.8 | 4.72 | 21.96 | -27.27 | 2.67 | 46.7 | -22.61 | 1.03 | 37.33 | -31.79 | 0.20 | 11.11 | -13.04 | 9.84 | 9.58 | -18.14 | 179.50 | 2.19 | 34.69 | 67.17 | 789.26 | 73.74 | 33.13 | -69.93 | -45.81 | 15.98 | -8.84 | 0.06 |
| 21Q2 (7) | 0.34 | 112.5 | -83.5 | 15.24 | -9.29 | -17.44 | -0.47 | -127.81 | -114.78 | 4.80 | 59.47 | -86.54 | 3.87 | 86.06 | -82.09 | 1.82 | 91.58 | -83.19 | 0.75 | 70.45 | -84.18 | 0.18 | 0.0 | -18.18 | 8.98 | 27.92 | -76.96 | 175.65 | 15.35 | 26.47 | -9.75 | -117.35 | -209.38 | 110.17 | 151.32 | 20.95 | 17.53 | -0.06 | 0.29 |
| 21Q1 (6) | 0.16 | 169.57 | 300.0 | 16.80 | 11.93 | 11.85 | 1.69 | 663.33 | 49.56 | 3.01 | 420.21 | 91.72 | 2.08 | 213.04 | 156.79 | 0.95 | 202.15 | 137.5 | 0.44 | 237.5 | 83.33 | 0.18 | -14.29 | -18.18 | 7.02 | 161.94 | 58.11 | 152.27 | -0.77 | 24.06 | 56.16 | 79.02 | -22.39 | 43.84 | -36.13 | 58.64 | 17.54 | 6.3 | 13.6 |
| 20Q4 (5) | -0.23 | -134.33 | -1250.0 | 15.01 | -19.73 | 5.56 | -0.30 | -108.8 | 85.15 | -0.94 | -110.68 | -115.33 | -1.84 | -128.35 | -171.32 | -0.93 | -126.96 | -171.54 | -0.32 | -121.19 | -150.79 | 0.21 | -8.7 | -4.55 | 2.68 | -77.7 | -71.12 | 153.45 | 15.14 | 20.95 | 31.37 | -18.86 | 194.75 | 68.63 | 12.26 | -48.44 | 16.50 | 3.32 | 0 |
| 20Q3 (4) | 0.67 | -67.48 | 0.0 | 18.70 | 1.3 | 0.0 | 3.41 | 7.23 | 0.0 | 8.80 | -75.33 | 0.0 | 6.49 | -69.97 | 0.0 | 3.45 | -68.14 | 0.0 | 1.51 | -68.14 | 0.0 | 0.23 | 4.55 | 0.0 | 12.02 | -69.16 | 0.0 | 133.27 | -4.05 | 0.0 | 38.66 | 333.95 | 0.0 | 61.13 | -32.89 | 0.0 | 15.97 | -8.64 | 0.0 |
| 20Q2 (3) | 2.06 | 5050.0 | 0.0 | 18.46 | 22.9 | 0.0 | 3.18 | 181.42 | 0.0 | 35.67 | 2171.97 | 0.0 | 21.61 | 2567.9 | 0.0 | 10.83 | 2607.5 | 0.0 | 4.74 | 1875.0 | 0.0 | 0.22 | 0.0 | 0.0 | 38.97 | 777.7 | 0.0 | 138.89 | 13.16 | 0.0 | 8.91 | -87.69 | 0.0 | 91.09 | 229.66 | 0.0 | 17.48 | 13.21 | 0.0 |
| 20Q1 (2) | 0.04 | 100.0 | 0.0 | 15.02 | 5.63 | 0.0 | 1.13 | 155.94 | 0.0 | 1.57 | -74.39 | 0.0 | 0.81 | -68.6 | 0.0 | 0.40 | -69.23 | 0.0 | 0.24 | -61.9 | 0.0 | 0.22 | 0.0 | 0.0 | 4.44 | -52.16 | 0.0 | 122.74 | -3.26 | 0.0 | 72.37 | 318.55 | 0.0 | 27.63 | -79.24 | 0.0 | 15.44 | 0 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 14.22 | 0.0 | 0.0 | -2.02 | 0.0 | 0.0 | 6.13 | 0.0 | 0.0 | 2.58 | 0.0 | 0.0 | 1.30 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 9.28 | 0.0 | 0.0 | 126.87 | 0.0 | 0.0 | -33.11 | 0.0 | 0.0 | 133.11 | 0.0 | 0.0 | 0.00 | 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) | 0.07 | -94.31 | 21.60 | 25.65 | 1.93 | -26.34 | 4.13 | 11.23 | 1.20 | -63.3 | 0.23 | -91.39 | 0.23 | -96.38 | 0.52 | -79.28 | 0.68 | -12.82 | 6.84 | -11.51 | 104.89 | -51.33 | 160.60 | 100.87 | -60.60 | 0 | 20.23 | 0 | 19.09 | 20.82 |
| 2022 (9) | 1.23 | 5.13 | 17.19 | 3.68 | 2.62 | 37.17 | 3.72 | 3.84 | 3.27 | -15.5 | 2.67 | -12.75 | 6.36 | 0.47 | 2.51 | -2.71 | 0.78 | 2.63 | 7.73 | -2.77 | 215.53 | 12.17 | 79.95 | 62.4 | 19.93 | -60.75 | 0.00 | 0 | 15.80 | -4.59 |
| 2021 (8) | 1.17 | -53.94 | 16.58 | -1.49 | 1.91 | 2.69 | 3.58 | 30.16 | 3.87 | -65.07 | 3.06 | -54.05 | 6.33 | -53.56 | 2.58 | -56.12 | 0.76 | -10.59 | 7.95 | -44.56 | 192.14 | 25.21 | 49.23 | 192.88 | 50.77 | -38.94 | 0.00 | 0 | 16.56 | 1.28 |
| 2020 (7) | 2.54 | -11.5 | 16.83 | 16.79 | 1.86 | 342.86 | 2.75 | 23.04 | 11.08 | -21.92 | 6.66 | -16.54 | 13.63 | -23.12 | 5.88 | -27.32 | 0.85 | -13.27 | 14.34 | -15.3 | 153.45 | 20.95 | 16.81 | 464.2 | 83.15 | -14.3 | 0.00 | 0 | 16.35 | -0.55 |
| 2019 (6) | 2.87 | 47.18 | 14.41 | 9.92 | 0.42 | 223.08 | 2.23 | -3.76 | 14.19 | 52.42 | 7.98 | 42.5 | 17.73 | 41.27 | 8.09 | 31.76 | 0.98 | -9.26 | 16.93 | 42.51 | 126.87 | 1.61 | 2.98 | 116.63 | 97.02 | -1.63 | 0.00 | 0 | 16.44 | -1.44 |
| 2018 (5) | 1.95 | 225.0 | 13.11 | -18.62 | 0.13 | -94.37 | 2.32 | -10.13 | 9.31 | 225.52 | 5.60 | 178.61 | 12.55 | 190.51 | 6.14 | 163.52 | 1.08 | -6.09 | 11.88 | 113.67 | 124.86 | 38.7 | 1.38 | -98.3 | 98.62 | 413.25 | 0.00 | 0 | 16.68 | -1.24 |
| 2017 (4) | 0.60 | -40.59 | 16.11 | 0.12 | 2.31 | -28.04 | 2.58 | 4.58 | 2.86 | -20.99 | 2.01 | -27.7 | 4.32 | -31.43 | 2.33 | -32.07 | 1.15 | -6.5 | 5.56 | -10.03 | 90.02 | 7.0 | 80.78 | -9.04 | 19.22 | 69.62 | 0.00 | 0 | 16.89 | 6.16 |
| 2016 (3) | 1.01 | -21.71 | 16.09 | 6.27 | 3.21 | 17.58 | 2.47 | 3.38 | 3.62 | -9.73 | 2.78 | -13.66 | 6.30 | -14.4 | 3.43 | -14.46 | 1.23 | 0.0 | 6.18 | -5.79 | 84.13 | 1.45 | 88.81 | 30.56 | 11.33 | -64.44 | 0.00 | 0 | 15.91 | -3.34 |
| 2015 (2) | 1.29 | -38.86 | 15.14 | 1.41 | 2.73 | -27.39 | 2.39 | 24.06 | 4.01 | -30.38 | 3.22 | -29.69 | 7.36 | -38.77 | 4.01 | -37.25 | 1.23 | -10.87 | 6.56 | -17.48 | 82.93 | -5.24 | 68.02 | 4.25 | 31.86 | -8.52 | 0.00 | 0 | 16.46 | 8.15 |
| 2014 (1) | 2.11 | -12.81 | 14.93 | 0 | 3.76 | 0 | 1.93 | 15.85 | 5.76 | 0 | 4.58 | 0 | 12.02 | 0 | 6.39 | 0 | 1.38 | -3.5 | 7.95 | -3.28 | 87.52 | -6.42 | 65.25 | -13.57 | 34.82 | 42.09 | 0.00 | 0 | 15.22 | 10.85 |
