- 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) | 0.99 | 115.22 | 94.12 | 99.08 | -0.27 | -0.81 | 18.23 | 36.25 | 94.14 | 22.37 | 77.4 | 73.14 | 16.15 | 91.58 | 64.13 | 6.88 | 127.06 | 97.13 | 4.87 | 121.36 | 93.25 | 0.30 | 15.38 | 20.0 | 22.97 | 72.32 | 70.02 | 42.35 | 3.32 | -2.35 | 81.82 | -23.3 | 14.55 | 18.18 | 372.73 | -36.36 | 8.89 | -19.4 | -20.55 |
| 24Q2 (19) | 0.46 | -31.34 | -24.59 | 99.35 | -0.01 | -0.47 | 13.38 | -7.72 | -31.17 | 12.61 | -25.91 | -26.9 | 8.43 | -29.75 | -38.51 | 3.03 | -32.82 | -18.11 | 2.20 | -31.46 | -19.71 | 0.26 | -3.7 | 30.0 | 13.33 | -25.49 | -25.36 | 40.99 | 11.45 | 17.25 | 106.67 | 24.44 | 0.0 | -6.67 | -146.67 | 50.0 | 11.03 | 4.55 | -29.07 |
| 24Q1 (18) | 0.67 | 509.09 | 15.52 | 99.36 | -0.27 | -0.6 | 14.50 | 363.26 | -2.68 | 17.02 | 1306.61 | 22.36 | 12.00 | 971.43 | 8.7 | 4.51 | 820.41 | 27.76 | 3.21 | 817.14 | 24.9 | 0.27 | -10.0 | 17.39 | 17.89 | 1151.05 | 19.27 | 36.78 | -18.05 | 1.8 | 85.71 | -57.14 | -20.0 | 14.29 | 109.52 | 300.0 | 10.55 | 15.55 | -16.2 |
| 23Q4 (17) | 0.11 | -78.43 | -83.08 | 99.63 | -0.26 | -0.16 | 3.13 | -66.67 | -77.69 | 1.21 | -90.63 | -92.02 | 1.12 | -88.62 | -91.13 | 0.49 | -85.96 | -87.9 | 0.35 | -86.11 | -88.01 | 0.30 | 20.0 | 30.43 | 1.43 | -89.42 | -90.85 | 44.88 | 3.48 | 13.59 | 200.00 | 180.0 | 130.77 | -150.00 | -625.0 | -2350.0 | 9.13 | -18.41 | -42.58 |
| 23Q3 (16) | 0.51 | -16.39 | -56.03 | 99.89 | 0.07 | 0.1 | 9.39 | -51.7 | -56.43 | 12.92 | -25.1 | -53.66 | 9.84 | -28.23 | -54.84 | 3.49 | -5.68 | -56.05 | 2.52 | -8.03 | -55.56 | 0.25 | 25.0 | -3.85 | 13.51 | -24.36 | -52.48 | 43.37 | 24.06 | 10.55 | 71.43 | -33.04 | -5.84 | 28.57 | 314.29 | 38.1 | 11.19 | -28.04 | -8.43 |
| 23Q2 (15) | 0.61 | 5.17 | -1.61 | 99.82 | -0.14 | 0.13 | 19.44 | 30.47 | 21.88 | 17.25 | 24.01 | 20.97 | 13.71 | 24.18 | 19.32 | 3.70 | 4.82 | -9.54 | 2.74 | 6.61 | -6.16 | 0.20 | -13.04 | -20.0 | 17.86 | 19.07 | 21.17 | 34.96 | -3.24 | -15.74 | 106.67 | -0.44 | -0.44 | -13.33 | -86.67 | 6.67 | 15.55 | 23.51 | 14.09 |
| 23Q1 (14) | 0.58 | -10.77 | -22.67 | 99.96 | 0.17 | 0.71 | 14.90 | 6.2 | 2.83 | 13.91 | -8.31 | -20.33 | 11.04 | -12.59 | -24.28 | 3.53 | -12.84 | -31.32 | 2.57 | -11.99 | -29.01 | 0.23 | 0.0 | -8.0 | 15.00 | -3.97 | -20.59 | 36.13 | -8.55 | -10.12 | 107.14 | 23.63 | 31.87 | -7.14 | -207.14 | -138.1 | 12.59 | -20.82 | -23.65 |
| 22Q4 (13) | 0.65 | -43.97 | 44.44 | 99.79 | 0.0 | 0.5 | 14.03 | -34.9 | -2.37 | 15.17 | -45.59 | 30.21 | 12.63 | -42.04 | 44.84 | 4.05 | -48.99 | 29.81 | 2.92 | -48.5 | 35.19 | 0.23 | -11.54 | -8.0 | 15.62 | -45.06 | 22.13 | 39.51 | 0.71 | -12.3 | 86.67 | 14.24 | -27.78 | 6.67 | -67.78 | 133.33 | 15.90 | 30.11 | 1.6 |
| 22Q3 (12) | 1.16 | 87.1 | 127.45 | 99.79 | 0.1 | 1.61 | 21.55 | 35.11 | 76.93 | 27.88 | 95.51 | 120.4 | 21.79 | 89.64 | 101.39 | 7.94 | 94.13 | 114.02 | 5.67 | 94.18 | 118.92 | 0.26 | 4.0 | 8.33 | 28.43 | 92.88 | 109.35 | 39.23 | -5.45 | -13.8 | 75.86 | -29.2 | -24.14 | 20.69 | 244.83 | 0 | 12.22 | -10.34 | -26.61 |
| 22Q2 (11) | 0.62 | -17.33 | 3000.0 | 99.69 | 0.43 | 2.66 | 15.95 | 10.08 | 269.21 | 14.26 | -18.33 | 642.71 | 11.49 | -21.19 | 2152.94 | 4.09 | -20.43 | 2821.43 | 2.92 | -19.34 | 2554.55 | 0.25 | 0.0 | 31.58 | 14.74 | -21.97 | 372.44 | 41.49 | 3.21 | -3.87 | 107.14 | 31.87 | -64.29 | -14.29 | -176.19 | 92.86 | 13.63 | -17.34 | -37.51 |
| 22Q1 (10) | 0.75 | 66.67 | 102.7 | 99.26 | -0.03 | 2.62 | 14.49 | 0.84 | 22.69 | 17.46 | 49.87 | 72.19 | 14.58 | 67.2 | 68.36 | 5.14 | 64.74 | 84.23 | 3.62 | 67.59 | 76.59 | 0.25 | 0.0 | 8.7 | 18.89 | 47.69 | 74.75 | 40.20 | -10.77 | -7.44 | 81.25 | -32.29 | -27.78 | 18.75 | 193.75 | 250.0 | 16.49 | 5.37 | -8.69 |
| 21Q4 (9) | 0.45 | -11.76 | 170.31 | 99.29 | 1.1 | 17.82 | 14.37 | 17.98 | 117.05 | 11.65 | -7.91 | 115.59 | 8.72 | -19.41 | 111.44 | 3.12 | -15.9 | 166.95 | 2.16 | -16.6 | 161.19 | 0.25 | 4.17 | 400.0 | 12.79 | -5.82 | 117.91 | 45.05 | -1.01 | 44.58 | 120.00 | 20.0 | 10.0 | -20.00 | 0 | -120.0 | 15.65 | -6.01 | -85.49 |
| 21Q3 (8) | 0.51 | 2450.0 | 154.26 | 98.21 | 1.13 | 20.16 | 12.18 | 181.94 | 108.24 | 12.65 | 558.85 | 110.51 | 10.82 | 2021.57 | 108.78 | 3.71 | 2550.0 | 156.73 | 2.59 | 2254.55 | 152.32 | 0.24 | 26.32 | 500.0 | 13.58 | 335.26 | 111.77 | 45.51 | 5.44 | 42.4 | 100.00 | -66.67 | -20.0 | 0.00 | 100.0 | 100.0 | 16.65 | -23.66 | -84.95 |
| 21Q2 (7) | 0.02 | -94.59 | 101.83 | 97.11 | 0.39 | 13.55 | 4.32 | -63.42 | 104.11 | 1.92 | -81.07 | 101.67 | 0.51 | -94.11 | 100.39 | 0.14 | -94.98 | 102.0 | 0.11 | -94.63 | 102.04 | 0.19 | -17.39 | 375.0 | 3.12 | -71.14 | 102.73 | 43.16 | -0.62 | 37.36 | 300.00 | 166.67 | 220.0 | -200.00 | -1500.0 | -3300.0 | 21.81 | 20.76 | 0 |
| 21Q1 (6) | 0.37 | 157.81 | 150.68 | 96.73 | 14.79 | 25.09 | 11.81 | 114.01 | 113.16 | 10.14 | 113.57 | 111.83 | 8.66 | 111.36 | 109.75 | 2.79 | 159.87 | 162.56 | 2.05 | 158.07 | 159.59 | 0.23 | 360.0 | 475.0 | 10.81 | 115.13 | 113.76 | 43.43 | 39.38 | 54.01 | 112.50 | 3.13 | 3.85 | -12.50 | -37.5 | -50.0 | 18.06 | -83.25 | -80.91 |
| 20Q4 (5) | -0.64 | 31.91 | 15.79 | 84.27 | 3.11 | 5.71 | -84.30 | 42.99 | -72.89 | -74.72 | 37.92 | -17.84 | -76.21 | 38.19 | -42.88 | -4.66 | 28.75 | -6.88 | -3.53 | 28.69 | -6.65 | 0.05 | 25.0 | -16.67 | -71.43 | 38.09 | -14.29 | 31.16 | -2.5 | 3.76 | 109.09 | -12.73 | 36.36 | -9.09 | 63.64 | -134.09 | 107.82 | -2.52 | 73.51 |
| 20Q3 (4) | -0.94 | 13.76 | 0.0 | 81.73 | -4.43 | 0.0 | -147.88 | -40.77 | 0.0 | -120.37 | -4.95 | 0.0 | -123.29 | 4.99 | 0.0 | -6.54 | 6.7 | 0.0 | -4.95 | 7.99 | 0.0 | 0.04 | 0.0 | 0.0 | -115.38 | -0.95 | 0.0 | 31.96 | 1.72 | 0.0 | 125.00 | 33.33 | 0.0 | -25.00 | -500.0 | 0.0 | 110.61 | 0 | 0.0 |
| 20Q2 (3) | -1.09 | -49.32 | 0.0 | 85.52 | 10.59 | 0.0 | -105.05 | -17.05 | 0.0 | -114.69 | -33.76 | 0.0 | -129.77 | -46.07 | 0.0 | -7.01 | -57.17 | 0.0 | -5.38 | -56.4 | 0.0 | 0.04 | 0.0 | 0.0 | -114.29 | -45.46 | 0.0 | 31.42 | 11.42 | 0.0 | 93.75 | -13.46 | 0.0 | 6.25 | 175.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.73 | 3.95 | 0.0 | 77.33 | -3.0 | 0.0 | -89.75 | -84.06 | 0.0 | -85.74 | -35.22 | 0.0 | -88.84 | -66.55 | 0.0 | -4.46 | -2.29 | 0.0 | -3.44 | -3.93 | 0.0 | 0.04 | -33.33 | 0.0 | -78.57 | -25.71 | 0.0 | 28.20 | -6.09 | 0.0 | 108.33 | 35.42 | 0.0 | -8.33 | -131.25 | 0.0 | 94.62 | 52.27 | 0.0 |
| 19Q4 (1) | -0.76 | 0.0 | 0.0 | 79.72 | 0.0 | 0.0 | -48.76 | 0.0 | 0.0 | -63.41 | 0.0 | 0.0 | -53.34 | 0.0 | 0.0 | -4.36 | 0.0 | 0.0 | -3.31 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -62.50 | 0.0 | 0.0 | 30.03 | 0.0 | 0.0 | 80.00 | 0.0 | 0.0 | 26.67 | 0.0 | 0.0 | 62.14 | 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) | 1.65 | -46.08 | 99.81 | 0.17 | 10.60 | -36.22 | 0.69 | -11.95 | 10.23 | -45.82 | 8.07 | -47.08 | 11.17 | -47.16 | 7.90 | -47.16 | 0.97 | -1.02 | 11.03 | -44.41 | 44.88 | 13.59 | 102.22 | 15.0 | -4.44 | 0 | 0.00 | 0 | 11.70 | -19.25 |
| 2022 (9) | 3.06 | 128.36 | 99.64 | 1.75 | 16.62 | 50.14 | 0.78 | -20.37 | 18.88 | 98.32 | 15.25 | 101.99 | 21.14 | 117.94 | 14.95 | 111.46 | 0.98 | 5.38 | 19.84 | 83.36 | 39.51 | -12.3 | 88.89 | -24.18 | 12.50 | 0 | 0.00 | 0 | 14.49 | -18.55 |
| 2021 (8) | 1.34 | 0 | 97.93 | 19.06 | 11.07 | 0 | 0.98 | -81.64 | 9.52 | 0 | 7.55 | 0 | 9.70 | 0 | 7.07 | 0 | 0.93 | 447.06 | 10.82 | 0 | 45.05 | 44.58 | 117.24 | 9.29 | -17.24 | 0 | 0.00 | 0 | 17.79 | -82.78 |
| 2020 (7) | -3.39 | 0 | 82.25 | -9.88 | -105.97 | 0 | 5.36 | 100.89 | -98.49 | 0 | -104.21 | 0 | -22.62 | 0 | -17.26 | 0 | 0.17 | -56.41 | -91.07 | 0 | 31.16 | 3.76 | 107.27 | 14.42 | -7.27 | 0 | 0.00 | 0 | 103.33 | 167.42 |
| 2019 (6) | -1.16 | 0 | 91.27 | -8.67 | -9.75 | 0 | 2.67 | 202.67 | -11.00 | 0 | -12.99 | 0 | -6.52 | 0 | -4.96 | 0 | 0.39 | -29.09 | -8.00 | 0 | 30.03 | 3.52 | 93.75 | -33.04 | 12.50 | 0 | 0.00 | 0 | 38.64 | 37.12 |
| 2018 (5) | -1.64 | 0 | 99.93 | 0.21 | -12.18 | 0 | 0.88 | 51.54 | -8.63 | 0 | -11.99 | 0 | -8.40 | 0 | -6.55 | 0 | 0.55 | -28.57 | -7.49 | 0 | 29.01 | 15.76 | 140.00 | 5.0 | -40.00 | 0 | 0.00 | 0 | 28.18 | 44.96 |
| 2017 (4) | 0.06 | -94.44 | 99.72 | 1.04 | 4.53 | -49.33 | 0.58 | 127.33 | 3.46 | -65.4 | 0.49 | -87.9 | 0.48 | -90.72 | 0.40 | -89.72 | 0.77 | -18.95 | 4.36 | -58.44 | 25.06 | -23.08 | 133.33 | 48.57 | -33.33 | 0 | 0.00 | 0 | 19.44 | 16.83 |
| 2016 (3) | 1.08 | -70.0 | 98.69 | -0.8 | 8.94 | -62.53 | 0.26 | -35.55 | 10.00 | -57.57 | 4.05 | -75.21 | 5.17 | -70.41 | 3.89 | -71.91 | 0.95 | 11.76 | 10.49 | -55.94 | 32.58 | -7.55 | 89.74 | -11.75 | 10.26 | 0 | 0.00 | 0 | 16.64 | -25.08 |
| 2015 (2) | 3.60 | 90.48 | 99.49 | 2.41 | 23.86 | 14.22 | 0.40 | -67.46 | 23.57 | -38.28 | 16.34 | -33.39 | 17.47 | 52.05 | 13.85 | 40.32 | 0.85 | 112.5 | 23.81 | -38.98 | 35.24 | 130.48 | 101.69 | 85.44 | -1.69 | 0 | 0.00 | 0 | 22.21 | -57.34 |
| 2014 (1) | 1.89 | -53.33 | 97.15 | 0 | 20.89 | 0 | 1.22 | 1.22 | 38.19 | 0 | 24.53 | 0 | 11.49 | 0 | 9.87 | 0 | 0.40 | -31.03 | 39.02 | -33.91 | 15.29 | -23.13 | 54.84 | -40.18 | 45.16 | 441.94 | 0.00 | 0 | 52.06 | 40.25 |
