- 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) | 0.07 | -81.58 | -83.72 | 19.72 | 2.71 | -4.55 | 4.77 | 7.43 | -31.86 | 1.51 | -75.53 | -78.73 | 1.22 | -78.71 | -81.03 | 0.50 | -80.39 | -83.5 | 0.52 | -66.23 | -69.59 | 0.20 | -9.09 | -9.09 | 7.28 | -36.42 | -39.43 | 100.73 | -8.17 | -3.52 | 333.33 | 366.67 | 254.17 | -233.33 | -916.67 | 0 | 19.33 | -9.25 | -1.18 |
| 24Q2 (19) | 0.38 | 35.71 | -50.0 | 19.20 | -2.44 | -12.81 | 4.44 | 88.14 | -45.52 | 6.17 | 19.81 | -48.8 | 5.73 | 6.7 | -50.69 | 2.55 | 37.1 | -52.87 | 1.54 | 26.23 | -45.0 | 0.22 | 22.22 | 0.0 | 11.45 | -2.97 | -33.93 | 109.69 | 14.15 | -7.13 | 71.43 | 60.71 | 7.14 | 28.57 | -48.57 | -14.29 | 21.30 | -1.02 | -2.34 |
| 24Q1 (18) | 0.28 | 27.27 | 1033.33 | 19.68 | -1.89 | 2.71 | 2.36 | -52.8 | 68.57 | 5.15 | 44.26 | 1036.36 | 5.37 | 38.76 | 1010.17 | 1.86 | 22.37 | 985.71 | 1.22 | 18.45 | 542.11 | 0.18 | -5.26 | 5.88 | 11.80 | 22.92 | 70.03 | 96.09 | -2.16 | -14.03 | 44.44 | -68.89 | 122.22 | 55.56 | 229.63 | -81.48 | 21.52 | -4.1 | -14.13 |
| 23Q4 (17) | 0.22 | -48.84 | 340.0 | 20.06 | -2.9 | -5.73 | 5.00 | -28.57 | 6.38 | 3.57 | -49.72 | 240.0 | 3.87 | -39.81 | 279.41 | 1.52 | -49.83 | 300.0 | 1.03 | -39.77 | 119.15 | 0.19 | -13.64 | 11.76 | 9.60 | -20.13 | 21.98 | 98.21 | -5.94 | -12.4 | 142.86 | 51.79 | -64.29 | -42.86 | 0 | 87.76 | 22.44 | 14.72 | -8.45 |
| 23Q3 (16) | 0.43 | -43.42 | 13.16 | 20.66 | -6.18 | 14.27 | 7.00 | -14.11 | 148.23 | 7.10 | -41.08 | 2.31 | 6.43 | -44.66 | 4.72 | 3.03 | -43.99 | 8.99 | 1.71 | -38.93 | 9.62 | 0.22 | 0.0 | 4.76 | 12.02 | -30.64 | -4.75 | 104.41 | -11.6 | -8.17 | 94.12 | 41.18 | 135.29 | 0.00 | -100.0 | -100.0 | 19.56 | -10.32 | -7.82 |
| 23Q2 (15) | 0.76 | 2633.33 | 105.41 | 22.02 | 14.93 | 25.9 | 8.15 | 482.14 | 121.47 | 12.05 | 2290.91 | 98.84 | 11.62 | 2069.49 | 111.66 | 5.41 | 2676.19 | 93.91 | 2.80 | 1373.68 | 85.43 | 0.22 | 29.41 | 0.0 | 17.33 | 149.71 | 50.17 | 118.11 | 5.67 | -5.95 | 66.67 | 133.33 | 3.7 | 33.33 | -88.89 | -22.22 | 21.81 | -12.97 | 0.09 |
| 23Q1 (14) | -0.03 | -160.0 | 40.0 | 19.16 | -9.96 | 19.08 | 1.40 | -70.21 | 57.3 | -0.55 | -152.38 | -358.33 | -0.59 | -157.84 | 28.92 | -0.21 | -155.26 | 41.67 | 0.19 | -59.57 | 35.71 | 0.17 | 0.0 | -5.56 | 6.94 | -11.82 | 2.51 | 111.77 | -0.3 | -15.77 | -200.00 | -150.0 | 0 | 300.00 | 185.71 | 0 | 25.06 | 2.24 | 19.68 |
| 22Q4 (13) | 0.05 | -86.84 | 127.78 | 21.28 | 17.7 | 65.22 | 4.70 | 66.67 | 1100.0 | 1.05 | -84.87 | 149.76 | 1.02 | -83.39 | 138.64 | 0.38 | -86.33 | 127.34 | 0.47 | -69.87 | 256.67 | 0.17 | -19.05 | -26.09 | 7.87 | -37.64 | 167.69 | 112.11 | -1.4 | -17.38 | 400.00 | 900.0 | 1900.0 | -350.00 | -683.33 | -537.5 | 24.51 | 15.5 | 11.76 |
| 22Q3 (12) | 0.38 | 2.7 | 290.0 | 18.08 | 3.37 | 42.92 | 2.82 | -23.37 | 267.86 | 6.94 | 14.52 | 391.6 | 6.14 | 11.84 | 316.96 | 2.78 | -0.36 | 282.89 | 1.56 | 3.31 | 394.34 | 0.21 | -4.55 | -22.22 | 12.62 | 9.36 | 942.98 | 113.70 | -9.46 | -13.66 | 40.00 | -37.78 | -40.0 | 60.00 | 40.0 | 80.0 | 21.22 | -2.62 | -9.01 |
| 22Q2 (11) | 0.37 | 840.0 | 470.0 | 17.49 | 8.7 | 28.98 | 3.68 | 313.48 | 693.55 | 6.06 | 5150.0 | 504.0 | 5.49 | 761.45 | 500.73 | 2.79 | 875.0 | 492.96 | 1.51 | 978.57 | 451.16 | 0.22 | 22.22 | -31.25 | 11.54 | 70.46 | 2914.63 | 125.58 | -5.36 | 79.43 | 64.29 | 0 | 28.57 | 42.86 | 0 | -14.29 | 21.79 | 4.06 | -6.0 |
| 22Q1 (10) | -0.05 | 72.22 | 75.0 | 16.09 | 24.92 | 22.36 | 0.89 | 289.36 | 116.45 | -0.12 | 94.31 | 97.2 | -0.83 | 68.56 | 81.72 | -0.36 | 74.1 | 74.83 | 0.14 | 146.67 | 115.05 | 0.18 | -21.74 | -14.29 | 6.77 | 130.27 | 438.5 | 132.69 | -2.21 | 140.42 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 20.94 | -4.51 | -22.04 |
| 21Q4 (9) | -0.18 | 10.0 | 21.74 | 12.88 | 1.82 | -24.28 | -0.47 | 72.02 | -280.77 | -2.11 | 11.34 | 50.0 | -2.64 | 6.71 | 43.71 | -1.39 | 8.55 | 14.72 | -0.30 | 43.4 | 71.7 | 0.23 | -14.81 | 0.0 | 2.94 | 142.98 | 223.53 | 135.69 | 3.04 | 185.84 | 20.00 | -70.0 | 0 | 80.00 | 140.0 | -30.0 | 21.93 | -5.96 | -14.64 |
| 21Q3 (8) | -0.20 | -100.0 | 0 | 12.65 | -6.71 | -26.37 | -1.68 | -170.97 | -157.73 | -2.38 | -58.67 | -525.0 | -2.83 | -106.57 | -14250.0 | -1.52 | -114.08 | -15300.0 | -0.53 | -23.26 | -1866.67 | 0.27 | -15.62 | 0.0 | 1.21 | 395.12 | -74.69 | 131.69 | 88.16 | 137.07 | 66.67 | 33.33 | -88.89 | 33.33 | -33.33 | 106.67 | 23.32 | 0.6 | 2.33 |
| 21Q2 (7) | -0.10 | 50.0 | -116.95 | 13.56 | 3.12 | -37.6 | -0.62 | 88.54 | -107.99 | -1.50 | 65.03 | -117.56 | -1.37 | 69.82 | -116.59 | -0.71 | 50.35 | -116.99 | -0.43 | 53.76 | -115.81 | 0.32 | 52.38 | 0.0 | -0.41 | 79.5 | -103.35 | 69.99 | 26.82 | 11.81 | 50.00 | -62.5 | -44.74 | 50.00 | 250.0 | 425.0 | 23.18 | -13.7 | 0 |
| 21Q1 (6) | -0.20 | 13.04 | -5.26 | 13.15 | -22.69 | -4.92 | -5.41 | -2180.77 | 24.86 | -4.29 | -1.66 | 19.96 | -4.54 | 3.2 | 12.36 | -1.43 | 12.27 | -6.72 | -0.93 | 12.26 | -5.68 | 0.21 | -8.7 | 23.53 | -2.00 | 15.97 | -353.16 | 55.19 | 16.26 | 13.26 | 133.33 | 0 | 3.7 | -33.33 | -129.17 | -16.67 | 26.86 | 4.55 | 0 |
| 20Q4 (5) | -0.23 | 0 | -1250.0 | 17.01 | -0.99 | -11.36 | 0.26 | -91.07 | -91.3 | -4.22 | -853.57 | -803.33 | -4.69 | -23550.0 | -1272.5 | -1.63 | -16400.0 | -1118.75 | -1.06 | -3633.33 | -983.33 | 0.23 | -14.81 | -11.54 | -2.38 | -149.79 | -158.62 | 47.47 | -14.55 | -5.48 | -0.00 | -100.0 | -100.0 | 114.29 | 122.86 | 122.86 | 25.69 | 12.72 | 8.67 |
| 20Q3 (4) | 0.00 | -100.0 | 0.0 | 17.18 | -20.94 | 0.0 | 2.91 | -62.5 | 0.0 | 0.56 | -93.44 | 0.0 | 0.02 | -99.76 | 0.0 | 0.01 | -99.76 | 0.0 | 0.03 | -98.9 | 0.0 | 0.27 | -15.62 | 0.0 | 4.78 | -60.95 | 0.0 | 55.55 | -11.26 | 0.0 | 600.00 | 563.16 | 0.0 | -500.00 | -5350.0 | 0.0 | 22.79 | 0 | 0.0 |
| 20Q2 (3) | 0.59 | 410.53 | 0.0 | 21.73 | 57.12 | 0.0 | 7.76 | 207.78 | 0.0 | 8.54 | 259.33 | 0.0 | 8.26 | 259.46 | 0.0 | 4.18 | 411.94 | 0.0 | 2.72 | 409.09 | 0.0 | 0.32 | 88.24 | 0.0 | 12.24 | 1449.37 | 0.0 | 62.60 | 28.46 | 0.0 | 90.48 | -29.63 | 0.0 | 9.52 | 133.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.19 | -1050.0 | 0.0 | 13.83 | -27.93 | 0.0 | -7.20 | -340.8 | 0.0 | -5.36 | -993.33 | 0.0 | -5.18 | -1395.0 | 0.0 | -1.34 | -937.5 | 0.0 | -0.88 | -833.33 | 0.0 | 0.17 | -34.62 | 0.0 | 0.79 | -80.54 | 0.0 | 48.73 | -2.97 | 0.0 | 128.57 | -78.57 | 0.0 | -28.57 | 94.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 19.19 | 0.0 | 0.0 | 2.99 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 4.06 | 0.0 | 0.0 | 50.22 | 0.0 | 0.0 | 600.00 | 0.0 | 0.0 | -500.00 | 0.0 | 0.0 | 23.64 | 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) | 1.38 | 81.58 | 20.58 | 13.45 | 5.67 | 87.75 | 3.99 | -6.85 | 6.00 | 60.43 | 5.76 | 80.0 | 9.65 | 71.71 | 5.86 | 58.81 | 0.82 | 5.13 | 11.84 | 19.6 | 98.21 | -12.4 | 94.00 | 16.56 | 6.00 | -69.0 | 0.30 | 205.07 | 22.01 | -0.09 |
| 2022 (9) | 0.76 | 0 | 18.14 | 39.0 | 3.02 | 0 | 4.28 | 88.26 | 3.74 | 0 | 3.20 | 0 | 5.62 | 0 | 3.69 | 0 | 0.78 | -21.21 | 9.90 | 1355.88 | 112.11 | -17.38 | 80.65 | 12.9 | 19.35 | -32.26 | 0.10 | 3.71 | 22.03 | -6.3 |
| 2021 (8) | -0.68 | 0 | 13.05 | -27.74 | -1.70 | 0 | 2.27 | -36.95 | -2.39 | 0 | -2.66 | 0 | -5.03 | 0 | -2.05 | 0 | 0.99 | -3.88 | 0.68 | -85.86 | 135.69 | 185.84 | 71.43 | -64.29 | 28.57 | 0 | 0.09 | -32.99 | 23.51 | -2.57 |
| 2020 (7) | 0.17 | -5.56 | 18.06 | 12.38 | 2.19 | 163.86 | 3.60 | 21.09 | 1.09 | -8.4 | 0.78 | 13.04 | 1.20 | -12.41 | 0.90 | -9.09 | 1.03 | -19.53 | 4.81 | 11.86 | 47.47 | -5.48 | 200.00 | 175.0 | -100.00 | 0 | 0.14 | -48.03 | 24.13 | 5.51 |
| 2019 (6) | 0.18 | -88.39 | 16.07 | -18.47 | 0.83 | -81.88 | 2.98 | 158.99 | 1.19 | -79.8 | 0.69 | -87.27 | 1.37 | -87.72 | 0.99 | -85.16 | 1.28 | 4.92 | 4.30 | -39.69 | 50.22 | -17.02 | 72.73 | -7.27 | 27.27 | 26.45 | 0.27 | -7.71 | 22.87 | -0.13 |
| 2018 (5) | 1.55 | -22.89 | 19.71 | -5.6 | 4.58 | -36.91 | 1.15 | 12.18 | 5.89 | -11.03 | 5.42 | -13.42 | 11.16 | -24.24 | 6.67 | -20.78 | 1.22 | -8.96 | 7.13 | -7.16 | 60.52 | -20.68 | 78.43 | -28.2 | 21.57 | 0 | 0.29 | 0 | 22.90 | 8.74 |
| 2017 (4) | 2.01 | -4.74 | 20.88 | 3.67 | 7.26 | 12.04 | 1.02 | -8.07 | 6.62 | -11.26 | 6.26 | -3.99 | 14.73 | -9.91 | 8.42 | -6.24 | 1.34 | -2.19 | 7.68 | -11.83 | 76.30 | 0.26 | 109.23 | 26.3 | -9.23 | 0 | 0.00 | 0 | 21.06 | -1.22 |
| 2016 (3) | 2.11 | 75.83 | 20.14 | 18.82 | 6.48 | 170.0 | 1.11 | -6.18 | 7.46 | 77.62 | 6.52 | 65.06 | 16.35 | 64.32 | 8.98 | 79.6 | 1.37 | 9.6 | 8.71 | 54.98 | 76.10 | -16.71 | 86.49 | 53.32 | 13.51 | -69.0 | 0.00 | 0 | 21.32 | -0.09 |
| 2015 (2) | 1.20 | 130.77 | 16.95 | 5.54 | 2.40 | 90.48 | 1.19 | 25.39 | 4.20 | 71.43 | 3.95 | 136.53 | 9.95 | 122.1 | 5.00 | 123.21 | 1.25 | -2.34 | 5.62 | 40.5 | 91.37 | -19.12 | 56.41 | 8.12 | 43.59 | -8.86 | 0.00 | 0 | 21.34 | 1.67 |
| 2014 (1) | 0.52 | 73.33 | 16.06 | 0 | 1.26 | 0 | 0.95 | 16.29 | 2.45 | 0 | 1.67 | 0 | 4.48 | 0 | 2.24 | 0 | 1.28 | -2.29 | 4.00 | 19.05 | 112.97 | 6.5 | 52.17 | 0 | 47.83 | -60.49 | 0.00 | 0 | 20.99 | -1.5 |
