- 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) | -0.16 | -153.33 | -14.29 | 13.02 | -14.4 | 94.62 | 1.66 | -58.19 | 127.9 | 0.51 | -91.46 | 111.21 | -4.46 | -187.62 | -4.94 | -1.63 | -183.16 | -30.4 | -0.68 | -163.55 | -30.77 | 0.18 | -5.26 | 20.0 | 7.31 | -41.38 | 93.39 | 100.67 | -4.96 | 5.18 | 400.00 | 510.53 | 209.09 | -250.00 | -825.0 | -750.0 | 17.75 | -14.75 | -18.01 |
| 24Q2 (19) | 0.30 | -25.0 | 276.47 | 15.21 | -13.04 | 344.74 | 3.97 | -47.97 | 146.06 | 5.97 | -29.18 | 177.63 | 5.09 | -23.8 | 192.88 | 1.96 | -24.32 | 235.17 | 1.07 | -23.02 | 262.12 | 0.19 | 0.0 | 46.15 | 12.47 | -16.64 | 0 | 105.92 | -3.1 | 7.1 | 65.52 | -27.4 | -41.26 | 34.48 | 253.45 | 398.85 | 20.82 | 2.26 | -12.59 |
| 24Q1 (18) | 0.40 | 207.69 | 110.53 | 17.49 | 148.44 | 40.93 | 7.63 | 311.94 | 341.04 | 8.43 | 578.98 | 165.09 | 6.68 | 325.48 | 265.03 | 2.59 | 418.0 | 298.46 | 1.39 | 265.79 | 247.5 | 0.19 | 18.75 | 0.0 | 14.96 | 138.6 | 72.95 | 109.31 | 10.12 | 12.48 | 90.24 | -54.88 | 69.21 | 9.76 | 109.76 | -79.09 | 20.36 | 13.74 | -2.21 |
| 23Q4 (17) | 0.13 | 192.86 | 172.22 | 7.04 | 5.23 | -25.58 | -3.60 | 39.5 | -500.0 | -1.76 | 61.32 | 67.53 | 1.57 | 136.94 | 133.26 | 0.50 | 140.0 | 132.89 | 0.38 | 173.08 | 148.1 | 0.16 | 6.67 | -11.11 | 6.27 | 65.87 | 2626.09 | 99.26 | 3.71 | 24.18 | 200.00 | 54.55 | 1500.0 | -100.00 | -240.0 | -214.29 | 17.90 | -17.32 | -7.92 |
| 23Q3 (16) | -0.14 | 17.65 | -153.85 | 6.69 | 95.61 | -47.45 | -5.95 | 30.97 | -379.34 | -4.55 | 40.83 | -201.11 | -4.25 | 22.45 | -218.72 | -1.25 | 13.79 | -194.7 | -0.52 | 21.21 | -167.53 | 0.15 | 15.38 | -25.0 | 3.78 | 0 | -60.17 | 95.71 | -3.23 | 22.74 | 129.41 | 16.02 | 170.59 | -29.41 | -154.9 | -156.37 | 21.65 | -9.11 | 2.9 |
| 23Q2 (15) | -0.17 | -189.47 | -129.31 | 3.42 | -72.44 | -79.8 | -8.62 | -598.27 | -217.28 | -7.69 | -341.82 | -190.47 | -5.48 | -399.45 | -172.01 | -1.45 | -323.08 | -140.5 | -0.66 | -265.0 | -134.38 | 0.13 | -31.58 | -45.83 | 0.00 | -100.0 | -100.0 | 98.90 | 1.77 | 7.45 | 111.54 | 109.13 | 30.94 | -11.54 | -124.73 | -189.01 | 23.82 | 14.41 | 36.98 |
| 23Q1 (14) | 0.19 | 205.56 | -92.52 | 12.41 | 31.18 | -20.09 | 1.73 | 388.33 | -60.41 | 3.18 | 158.67 | -91.23 | 1.83 | 138.77 | -94.76 | 0.65 | 142.76 | -96.02 | 0.40 | 150.63 | -95.2 | 0.19 | 5.56 | -20.83 | 8.65 | 3660.87 | -78.69 | 97.18 | 21.58 | 4.72 | 53.33 | 326.67 | 351.28 | 46.67 | -46.67 | -46.8 | 20.82 | 7.1 | 11.1 |
| 22Q4 (13) | -0.18 | -169.23 | -800.0 | 9.46 | -25.69 | 10.51 | -0.60 | -128.17 | 65.12 | -5.42 | -220.44 | -922.64 | -4.72 | -231.84 | -448.84 | -1.52 | -215.15 | -360.61 | -0.79 | -202.6 | -777.78 | 0.18 | -10.0 | -5.26 | 0.23 | -97.58 | -95.58 | 79.93 | 2.5 | -22.18 | 12.50 | -73.86 | -95.31 | 87.50 | 67.71 | 143.75 | 19.44 | -7.6 | 12.37 |
| 22Q3 (12) | 0.26 | -55.17 | 0 | 12.73 | -24.81 | 8.53 | 2.13 | -71.02 | -15.81 | 4.50 | -47.06 | 561.76 | 3.58 | -52.96 | 575.47 | 1.32 | -63.13 | 560.0 | 0.77 | -59.9 | 352.94 | 0.20 | -16.67 | 5.26 | 9.49 | -24.08 | 46.9 | 77.98 | -15.28 | -20.09 | 47.83 | -43.86 | -88.04 | 52.17 | 302.48 | 117.39 | 21.04 | 20.99 | 17.21 |
| 22Q2 (11) | 0.58 | -77.17 | 52.63 | 16.93 | 9.01 | 1.14 | 7.35 | 68.19 | -8.92 | 8.50 | -76.57 | 19.89 | 7.61 | -78.21 | 15.13 | 3.58 | -78.09 | 26.5 | 1.92 | -76.95 | 28.86 | 0.24 | 0.0 | 14.29 | 12.50 | -69.2 | 2.46 | 92.04 | -0.82 | -11.42 | 85.19 | 620.8 | -24.49 | 12.96 | -85.22 | 201.11 | 17.39 | -7.2 | -10.13 |
| 22Q1 (10) | 2.54 | 12800.0 | 429.17 | 15.53 | 81.43 | -11.0 | 4.37 | 354.07 | -39.56 | 36.28 | 6945.28 | 255.34 | 34.92 | 4160.47 | 325.85 | 16.34 | 5051.52 | 405.88 | 8.33 | 9355.56 | 367.98 | 0.24 | 26.32 | 14.29 | 40.59 | 680.58 | 155.77 | 92.80 | -9.65 | -2.41 | 11.82 | -95.57 | -83.26 | 87.73 | 143.86 | 198.27 | 18.74 | 8.32 | -6.63 |
| 21Q4 (9) | -0.02 | 0 | 77.78 | 8.56 | -27.02 | -36.69 | -1.72 | -167.98 | -177.48 | -0.53 | -177.94 | 81.53 | -0.86 | -262.26 | 68.73 | -0.33 | -265.0 | 54.79 | -0.09 | -152.94 | 70.97 | 0.19 | 0.0 | 35.71 | 5.20 | -19.5 | -17.59 | 102.71 | 5.26 | 19.75 | 266.67 | -33.33 | 480.95 | -200.00 | 33.33 | -217.65 | 17.30 | -3.62 | -16.47 |
| 21Q3 (8) | 0.00 | -100.0 | -100.0 | 11.73 | -29.93 | 3.99 | 2.53 | -68.65 | 420.25 | 0.68 | -90.41 | -84.44 | 0.53 | -91.98 | -87.59 | 0.20 | -92.93 | -82.91 | 0.17 | -88.59 | -75.71 | 0.19 | -9.52 | 35.71 | 6.46 | -47.05 | -49.33 | 97.58 | -6.09 | 12.2 | 400.00 | 254.55 | 2100.0 | -300.00 | -2240.0 | -350.0 | 17.95 | -7.24 | -28.88 |
| 21Q2 (7) | 0.38 | -20.83 | 52.0 | 16.74 | -4.07 | 20.69 | 8.07 | 11.62 | 160.32 | 7.09 | -30.56 | 45.88 | 6.61 | -19.39 | 25.19 | 2.83 | -12.38 | 73.62 | 1.49 | -16.29 | 61.96 | 0.21 | 0.0 | 31.25 | 12.20 | -23.13 | 0.41 | 103.91 | 9.28 | 10.96 | 112.82 | 59.83 | 78.63 | -12.82 | -143.59 | -134.8 | 19.35 | -3.59 | 0 |
| 21Q1 (6) | 0.48 | 633.33 | 17.07 | 17.45 | 29.07 | 0.58 | 7.23 | 225.68 | -5.61 | 10.21 | 455.75 | 35.95 | 8.20 | 398.18 | 35.09 | 3.23 | 542.47 | 30.24 | 1.78 | 674.19 | 28.99 | 0.21 | 50.0 | 0.0 | 15.87 | 151.51 | 20.59 | 95.09 | 10.87 | -0.21 | 70.59 | 200.84 | -31.13 | 29.41 | -82.7 | 1276.47 | 20.07 | -3.09 | 0 |
| 20Q4 (5) | -0.09 | -164.29 | -145.0 | 13.52 | 19.86 | -5.26 | 2.22 | 381.01 | -44.22 | -2.87 | -165.68 | -164.35 | -2.75 | -164.4 | -177.68 | -0.73 | -162.39 | -157.48 | -0.31 | -144.29 | -140.79 | 0.14 | 0.0 | -22.22 | 6.31 | -50.51 | -45.46 | 85.77 | -1.38 | -7.66 | -70.00 | -250.0 | -177.78 | 170.00 | 41.67 | 1600.0 | 20.71 | -17.95 | -2.82 |
| 20Q3 (4) | 0.14 | -44.0 | 0.0 | 11.28 | -18.67 | 0.0 | -0.79 | -125.48 | 0.0 | 4.37 | -10.08 | 0.0 | 4.27 | -19.13 | 0.0 | 1.17 | -28.22 | 0.0 | 0.70 | -23.91 | 0.0 | 0.14 | -12.5 | 0.0 | 12.75 | 4.94 | 0.0 | 86.97 | -7.13 | 0.0 | -20.00 | -131.67 | 0.0 | 120.00 | 225.71 | 0.0 | 25.24 | 0 | 0.0 |
| 20Q2 (3) | 0.25 | -39.02 | 0.0 | 13.87 | -20.06 | 0.0 | 3.10 | -59.53 | 0.0 | 4.86 | -35.29 | 0.0 | 5.28 | -13.01 | 0.0 | 1.63 | -34.27 | 0.0 | 0.92 | -33.33 | 0.0 | 0.16 | -23.81 | 0.0 | 12.15 | -7.67 | 0.0 | 93.65 | -1.72 | 0.0 | 63.16 | -38.38 | 0.0 | 36.84 | 1573.68 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.41 | 105.0 | 0.0 | 17.35 | 21.58 | 0.0 | 7.66 | 92.46 | 0.0 | 7.51 | 68.39 | 0.0 | 6.07 | 71.47 | 0.0 | 2.48 | 95.28 | 0.0 | 1.38 | 81.58 | 0.0 | 0.21 | 16.67 | 0.0 | 13.16 | 13.74 | 0.0 | 95.29 | 2.58 | 0.0 | 102.50 | 13.89 | 0.0 | -2.50 | -125.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 14.27 | 0.0 | 0.0 | 3.98 | 0.0 | 0.0 | 4.46 | 0.0 | 0.0 | 3.54 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 11.57 | 0.0 | 0.0 | 92.89 | 0.0 | 0.0 | 90.00 | 0.0 | 0.0 | 10.00 | 0.0 | 0.0 | 21.31 | 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) | 0.01 | -99.69 | 7.79 | -44.59 | -3.63 | 0 | 6.33 | 52.01 | -2.20 | 0 | -1.22 | 0 | -1.47 | 0 | -0.40 | 0 | 0.64 | -26.44 | 5.00 | -70.85 | 99.26 | 24.18 | 162.86 | 446.88 | -65.71 | 0 | 0.16 | -34.27 | 20.92 | 9.99 |
| 2022 (9) | 3.20 | 285.54 | 14.06 | 2.11 | 3.70 | -11.9 | 4.16 | -14.53 | 12.45 | 175.44 | 11.74 | 211.41 | 19.43 | 223.29 | 10.42 | 206.47 | 0.87 | 6.1 | 17.15 | 70.14 | 79.93 | -22.18 | 29.78 | -68.12 | 70.22 | 965.01 | 0.24 | 4.34 | 19.02 | 1.66 |
| 2021 (8) | 0.83 | 16.9 | 13.77 | -4.31 | 4.20 | 16.99 | 4.87 | -24.87 | 4.52 | 12.16 | 3.77 | 3.01 | 6.01 | 30.09 | 3.40 | 21.43 | 0.82 | 22.39 | 10.08 | -11.58 | 102.71 | 19.75 | 93.41 | 4.68 | 6.59 | -38.78 | 0.23 | -45.59 | 18.71 | -15.49 |
| 2020 (7) | 0.71 | -48.92 | 14.39 | -11.88 | 3.59 | -42.1 | 6.48 | 19.93 | 4.03 | -40.21 | 3.66 | -31.84 | 4.62 | -47.26 | 2.80 | -48.15 | 0.67 | -27.96 | 11.40 | -11.49 | 85.77 | -7.66 | 89.23 | -2.4 | 10.77 | 37.06 | 0.43 | -11.67 | 22.14 | 7.63 |
| 2019 (6) | 1.39 | 5.3 | 16.33 | 9.01 | 6.20 | 10.12 | 5.40 | 10.96 | 6.74 | 17.83 | 5.37 | 15.24 | 8.76 | 6.57 | 5.40 | 2.47 | 0.93 | -13.08 | 12.88 | 16.35 | 92.89 | 58.92 | 91.43 | -7.83 | 7.86 | 387.14 | 0.48 | -12.2 | 20.57 | 13.84 |
| 2018 (5) | 1.32 | -14.29 | 14.98 | -11.05 | 5.63 | -23.61 | 4.87 | 4.78 | 5.72 | -20.11 | 4.66 | -18.67 | 8.22 | -19.96 | 5.27 | -14.45 | 1.07 | 4.9 | 11.07 | -9.78 | 58.45 | -19.67 | 99.19 | -3.32 | 1.61 | 0 | 0.55 | 0 | 18.07 | 8.72 |
| 2017 (4) | 1.54 | -41.22 | 16.84 | -13.6 | 7.37 | -26.81 | 4.65 | -8.37 | 7.16 | -41.17 | 5.73 | -42.64 | 10.27 | -43.26 | 6.16 | -39.96 | 1.02 | 3.03 | 12.27 | -31.14 | 72.76 | -6.99 | 102.60 | 23.62 | -2.60 | 0 | 0.00 | 0 | 16.62 | 1.96 |
| 2016 (3) | 2.62 | 67.95 | 19.49 | 20.83 | 10.07 | 38.13 | 5.07 | -6.87 | 12.17 | 72.38 | 9.99 | 74.04 | 18.10 | 51.09 | 10.26 | 51.55 | 0.99 | -8.33 | 17.82 | 34.69 | 78.23 | -11.14 | 83.00 | -19.33 | 17.41 | 0 | 0.00 | 0 | 16.30 | 8.59 |
| 2015 (2) | 1.56 | 44.44 | 16.13 | 27.01 | 7.29 | 48.78 | 5.45 | 17.19 | 7.06 | 53.48 | 5.74 | 57.26 | 11.98 | 36.6 | 6.77 | 38.45 | 1.08 | -10.74 | 13.23 | 34.86 | 88.04 | -12.52 | 102.88 | -3.62 | -3.60 | 0 | 0.00 | 0 | 15.01 | 7.91 |
| 2014 (1) | 1.08 | 42.11 | 12.70 | 0 | 4.90 | 0 | 4.65 | -5.95 | 4.60 | 0 | 3.65 | 0 | 8.77 | 0 | 4.89 | 0 | 1.21 | 0.83 | 9.81 | 10.72 | 100.64 | 4.12 | 106.74 | -5.12 | -6.74 | 0 | 0.00 | 0 | 13.91 | 8.25 |
