- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.03 | -95.65 | -88.0 | 22.65 | -31.96 | -13.05 | 0.84 | -92.34 | -85.31 | 0.22 | -97.9 | -95.45 | 0.13 | -98.43 | -96.54 | 0.03 | -98.65 | -96.88 | 0.11 | -92.99 | -84.29 | 0.17 | -5.56 | 13.33 | 5.78 | -62.85 | -47.6 | 40.98 | -5.14 | -43.0 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 29.23 | -2.4 | -13.39 |
| 23Q4 (19) | 0.69 | -16.87 | 531.25 | 33.29 | 6.87 | 74.11 | 10.97 | -8.96 | 581.14 | 10.46 | -14.12 | 404.96 | 8.27 | -14.48 | 400.73 | 2.23 | -27.6 | 443.08 | 1.57 | -21.11 | 728.0 | 0.18 | -5.26 | 38.46 | 15.56 | -7.6 | 261.02 | 43.20 | -30.94 | -44.47 | 105.26 | 5.26 | 40.35 | -5.26 | 0 | -121.05 | 29.95 | 6.74 | -10.11 |
| 23Q3 (18) | 0.83 | 159.38 | 495.24 | 31.15 | 9.53 | 78.41 | 12.05 | 73.88 | 366.59 | 12.18 | 127.24 | 380.65 | 9.67 | 131.89 | 378.67 | 3.08 | 150.41 | 446.07 | 1.99 | 123.6 | 597.5 | 0.19 | 11.76 | 35.71 | 16.84 | 52.54 | 405.71 | 62.55 | -13.94 | -18.4 | 100.00 | -18.18 | 0.0 | 0.00 | 100.0 | 0 | 28.06 | -13.5 | -23.52 |
| 23Q2 (17) | 0.32 | 28.0 | 500.0 | 28.44 | 9.17 | 51.2 | 6.93 | 21.15 | 718.75 | 5.36 | 10.97 | 445.81 | 4.17 | 10.9 | 436.29 | 1.23 | 28.13 | 451.43 | 0.89 | 27.14 | 909.09 | 0.17 | 13.33 | 13.33 | 11.04 | 0.09 | 109.89 | 72.68 | 1.1 | -7.64 | 122.22 | 6.94 | 144.44 | -33.33 | -133.33 | -166.67 | 32.44 | -3.88 | -10.9 |
| 23Q1 (16) | 0.25 | 256.25 | -56.14 | 26.05 | 36.24 | -4.44 | 5.72 | 350.88 | -35.66 | 4.83 | 240.82 | -49.37 | 3.76 | 236.73 | -50.72 | 0.96 | 247.69 | -60.0 | 0.70 | 380.0 | -48.15 | 0.15 | 15.38 | -11.76 | 11.03 | 155.92 | -27.58 | 71.89 | -7.58 | -13.48 | 114.29 | 52.38 | 23.08 | -14.29 | -157.14 | -300.0 | 33.75 | 1.29 | 4.98 |
| 22Q4 (15) | -0.16 | 23.81 | -420.0 | 19.12 | 9.51 | -30.72 | -2.28 | 49.56 | -268.89 | -3.43 | 20.97 | -485.39 | -2.75 | 20.75 | -487.32 | -0.65 | 26.97 | -395.45 | -0.25 | 37.5 | -219.05 | 0.13 | -7.14 | -23.53 | 4.31 | 29.43 | -35.77 | 77.79 | 1.49 | -11.22 | 75.00 | -25.0 | -62.5 | 25.00 | 0 | 125.0 | 33.32 | -9.19 | -12.34 |
| 22Q3 (14) | -0.21 | -162.5 | -450.0 | 17.46 | -7.18 | -18.37 | -4.52 | -303.57 | -422.86 | -4.34 | -180.0 | -494.55 | -3.47 | -179.84 | -494.32 | -0.89 | -154.29 | -470.83 | -0.40 | -263.64 | -300.0 | 0.14 | -6.67 | 0.0 | 3.33 | -36.69 | -57.03 | 76.65 | -2.59 | -9.18 | 100.00 | 100.0 | -50.0 | -0.00 | -100.0 | 0 | 36.69 | 0.77 | 2.95 |
| 22Q2 (13) | -0.08 | -114.04 | 38.46 | 18.81 | -31.0 | 3.75 | -1.12 | -112.6 | 13.85 | -1.55 | -116.25 | 37.25 | -1.24 | -116.25 | 37.06 | -0.35 | -114.58 | 36.36 | -0.11 | -108.15 | 47.62 | 0.15 | -11.76 | 0.0 | 5.26 | -65.46 | 39.89 | 78.69 | -5.3 | -15.84 | 50.00 | -46.15 | -25.0 | 50.00 | 600.0 | -25.0 | 36.41 | 13.25 | -1.7 |
| 22Q1 (12) | 0.57 | 1040.0 | -33.72 | 27.26 | -1.23 | -11.87 | 8.89 | 558.52 | -34.49 | 9.54 | 971.91 | -28.22 | 7.63 | 974.65 | -28.22 | 2.40 | 990.91 | -33.7 | 1.35 | 542.86 | -33.82 | 0.17 | 0.0 | -10.53 | 15.23 | 126.97 | -15.95 | 83.09 | -5.17 | 5.52 | 92.86 | -53.57 | -11.36 | 7.14 | 107.14 | 0 | 32.15 | -15.42 | 5.48 |
| 21Q4 (11) | 0.05 | -16.67 | -93.51 | 27.60 | 29.03 | 2.87 | 1.35 | -3.57 | -89.9 | 0.89 | -19.09 | -92.84 | 0.71 | -19.32 | -92.86 | 0.22 | -8.33 | -93.39 | 0.21 | 5.0 | -89.06 | 0.17 | 21.43 | -5.56 | 6.71 | -13.42 | -63.57 | 87.62 | 3.82 | 2.64 | 200.00 | 0.0 | 90.0 | -100.00 | 0 | -1800.0 | 38.01 | 6.65 | 66.35 |
| 21Q3 (10) | 0.06 | 146.15 | 140.0 | 21.39 | 17.98 | 21.88 | 1.40 | 207.69 | 157.85 | 1.10 | 144.53 | 140.44 | 0.88 | 144.67 | 140.37 | 0.24 | 143.64 | 137.5 | 0.20 | 195.24 | 171.43 | 0.14 | -6.67 | -12.5 | 7.75 | 106.12 | 102.88 | 84.40 | -9.73 | 3.61 | 200.00 | 200.0 | 166.67 | 0.00 | -100.0 | 0 | 35.64 | -3.78 | 5.85 |
| 21Q2 (9) | -0.13 | -115.12 | 53.57 | 18.13 | -41.38 | 11.98 | -1.30 | -109.58 | 77.27 | -2.47 | -118.59 | 56.13 | -1.97 | -118.53 | 57.17 | -0.55 | -115.19 | 55.28 | -0.21 | -110.29 | 66.13 | 0.15 | -21.05 | 0.0 | 3.76 | -79.25 | 127.88 | 93.50 | 18.75 | 15.56 | 66.67 | -36.36 | -33.33 | 66.67 | 0 | 0 | 37.04 | 21.52 | 0 |
| 21Q1 (8) | 0.86 | 11.69 | 253.57 | 30.93 | 15.28 | 192.34 | 13.57 | 1.57 | 211.32 | 13.29 | 6.92 | 210.57 | 10.63 | 6.94 | 210.61 | 3.62 | 8.71 | 248.97 | 2.04 | 6.25 | 245.71 | 0.19 | 5.56 | 26.67 | 18.12 | -1.63 | 453.22 | 78.74 | -7.77 | 12.23 | 104.76 | -0.48 | 4.76 | 0.00 | 100.0 | 0 | 30.48 | 33.39 | -18.44 |
| 20Q4 (7) | 0.77 | 613.33 | 248.08 | 26.83 | 52.88 | 56.08 | 13.36 | 652.07 | 188.71 | 12.43 | 556.99 | 172.65 | 9.94 | 555.96 | 176.82 | 3.33 | 620.31 | 252.75 | 1.92 | 785.71 | 248.84 | 0.18 | 12.5 | 63.64 | 18.42 | 382.2 | 391.0 | 85.37 | 4.8 | 41.43 | 105.26 | 40.35 | 22.81 | -5.26 | 0 | -136.84 | 22.85 | -32.14 | -44.83 |
| 20Q3 (6) | -0.15 | 46.43 | 63.41 | 17.55 | 8.4 | 13.23 | -2.42 | 57.69 | 74.97 | -2.72 | 51.69 | 72.69 | -2.18 | 52.61 | 72.65 | -0.64 | 47.97 | 62.57 | -0.28 | 54.84 | 72.55 | 0.16 | 6.67 | 14.29 | 3.82 | 131.52 | 294.9 | 81.46 | 0.68 | 51.47 | 75.00 | -25.0 | -25.0 | -0.00 | 0 | 0 | 33.67 | 0 | -12.52 |
| 20Q2 (5) | -0.28 | 50.0 | -148.28 | 16.19 | 53.02 | -37.27 | -5.72 | 53.08 | -162.93 | -5.63 | 53.16 | -159.83 | -4.60 | 52.13 | -164.43 | -1.23 | 49.38 | -153.48 | -0.62 | 55.71 | -140.52 | 0.15 | 0.0 | -25.0 | 1.65 | 132.16 | -89.07 | 80.91 | 15.32 | 28.53 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | -0.56 | -7.69 | 0.0 | 10.58 | -38.45 | 0.0 | -12.19 | 19.06 | 0.0 | -12.02 | 29.75 | 0.0 | -9.61 | 25.73 | 0.0 | -2.43 | -11.47 | 0.0 | -1.40 | -8.53 | 0.0 | 0.15 | 36.36 | 0.0 | -5.13 | 18.96 | 0.0 | 70.16 | 16.24 | 0.0 | 100.00 | 16.67 | 0.0 | -0.00 | -100.0 | 0.0 | 37.37 | -9.78 | 0.0 |
| 19Q4 (3) | -0.52 | -26.83 | 0.0 | 17.19 | 10.9 | 0.0 | -15.06 | -55.74 | 0.0 | -17.11 | -71.79 | 0.0 | -12.94 | -62.36 | 0.0 | -2.18 | -27.49 | 0.0 | -1.29 | -26.47 | 0.0 | 0.11 | -21.43 | 0.0 | -6.33 | -222.96 | 0.0 | 60.36 | 12.24 | 0.0 | 85.71 | -14.29 | 0.0 | 14.29 | 0 | 0.0 | 41.42 | 7.61 | 0.0 |
| 19Q3 (2) | -0.41 | -170.69 | 0.0 | 15.50 | -39.95 | 0.0 | -9.67 | -206.38 | 0.0 | -9.96 | -205.84 | 0.0 | -7.97 | -211.62 | 0.0 | -1.71 | -174.35 | 0.0 | -1.02 | -166.67 | 0.0 | 0.14 | -30.0 | 0.0 | -1.96 | -112.99 | 0.0 | 53.78 | -14.57 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | -100.0 | 0.0 | 38.49 | 42.82 | 0.0 |
| 19Q2 (1) | 0.58 | 0.0 | 0.0 | 25.81 | 0.0 | 0.0 | 9.09 | 0.0 | 0.0 | 9.41 | 0.0 | 0.0 | 7.14 | 0.0 | 0.0 | 2.30 | 0.0 | 0.0 | 1.53 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 15.09 | 0.0 | 0.0 | 62.95 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 6.67 | 0.0 | 0.0 | 26.95 | 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) | 2.08 | 1633.33 | 30.03 | 42.86 | 9.23 | 1147.3 | 4.19 | -27.35 | 8.57 | 1328.33 | 6.75 | 1306.25 | 7.37 | 1374.0 | 5.24 | 759.02 | 0.69 | 21.05 | 14.07 | 92.48 | 43.20 | -44.47 | 108.77 | -18.42 | -7.02 | 0 | 0.30 | 37.23 | 30.79 | -10.88 |
| 2022 (9) | 0.12 | -85.71 | 21.02 | -15.68 | 0.74 | -82.3 | 5.77 | 13.59 | 0.60 | -83.52 | 0.48 | -83.51 | 0.50 | -85.92 | 0.61 | -72.4 | 0.57 | -12.31 | 7.31 | -22.73 | 77.79 | -11.22 | 133.33 | 16.67 | -33.33 | 0 | 0.22 | -3.79 | 34.55 | -1.68 |
| 2021 (8) | 0.84 | 0 | 24.93 | 35.64 | 4.18 | 0 | 5.08 | -14.48 | 3.64 | 0 | 2.91 | 0 | 3.55 | 0 | 2.21 | 0 | 0.65 | 0.0 | 9.46 | 64.52 | 87.62 | 2.64 | 114.29 | 71.43 | -14.29 | 0 | 0.22 | 92.58 | 35.14 | 9.47 |
| 2020 (7) | -0.23 | 0 | 18.38 | -6.37 | -0.78 | 0 | 5.94 | -12.26 | -1.06 | 0 | -0.87 | 0 | -0.98 | 0 | -0.24 | 0 | 0.65 | 10.17 | 5.75 | 38.55 | 85.37 | 41.43 | 66.67 | -28.57 | 16.67 | 150.0 | 0.12 | -56.13 | 32.10 | -6.96 |
| 2019 (6) | -0.61 | 0 | 19.63 | -19.28 | -3.01 | 0 | 6.77 | 70.57 | -3.31 | 0 | -2.65 | 0 | -2.48 | 0 | -1.30 | 0 | 0.59 | -35.16 | 4.15 | -68.63 | 60.36 | 4.94 | 93.33 | -5.23 | 6.67 | 340.0 | 0.27 | 7.19 | 34.50 | 35.03 |
| 2018 (5) | 2.76 | 17.45 | 24.32 | 9.16 | 8.66 | 14.85 | 3.97 | 7.28 | 8.77 | 26.37 | 7.14 | 31.73 | 10.85 | 11.28 | 6.78 | 23.95 | 0.91 | -1.09 | 13.23 | 16.56 | 57.52 | -24.78 | 98.48 | -9.86 | 1.52 | 0 | 0.25 | 0 | 25.55 | 10.75 |
| 2017 (4) | 2.35 | -13.92 | 22.28 | -0.36 | 7.54 | -8.27 | 3.70 | 5.28 | 6.94 | -7.59 | 5.42 | -13.14 | 9.75 | -21.69 | 5.47 | -10.47 | 0.92 | 4.55 | 11.35 | -5.65 | 76.47 | -35.66 | 109.26 | 0.3 | -9.26 | 0 | 0.00 | 0 | 23.07 | -4.63 |
| 2016 (3) | 2.73 | 50.0 | 22.36 | 1.5 | 8.22 | -8.46 | 3.51 | -12.03 | 7.51 | -8.97 | 6.24 | 43.78 | 12.45 | 46.64 | 6.11 | 45.13 | 0.88 | 11.39 | 12.03 | -11.61 | 118.85 | -13.25 | 108.93 | 0.0 | -8.93 | 0 | 0.00 | 0 | 24.19 | 1.6 |
| 2015 (2) | 1.82 | 2.82 | 22.03 | 19.6 | 8.98 | 52.72 | 3.99 | -12.13 | 8.25 | 62.4 | 4.34 | 0.46 | 8.49 | 2.91 | 4.21 | 2.93 | 0.79 | 5.33 | 13.61 | 23.06 | 137.01 | -13.63 | 108.93 | -5.04 | -8.93 | 0 | 0.00 | 0 | 23.81 | 1.54 |
| 2014 (1) | 1.77 | 0 | 18.42 | 0 | 5.88 | 0 | 4.55 | 17.66 | 5.08 | 0 | 4.32 | 0 | 8.25 | 0 | 4.09 | 0 | 0.75 | 0 | 11.06 | 65.32 | 158.64 | 5.48 | 114.71 | 0 | -14.71 | 0 | 0.00 | 0 | 23.45 | 1.87 |
