- 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) | 0.42 | -60.38 | -33.33 | 17.12 | -33.77 | -30.58 | 8.80 | -52.1 | -36.19 | 8.51 | -54.64 | -46.88 | 7.41 | -53.66 | -53.13 | 1.05 | -61.25 | -38.6 | 0.86 | -61.26 | -43.05 | 0.12 | -14.29 | 20.0 | 24.05 | -22.57 | -31.68 | 21.13 | -14.52 | 46.23 | 103.19 | 5.34 | 20.39 | -3.19 | -256.38 | -122.34 | 16.83 | -0.71 | -16.56 |
| 24Q2 (19) | 1.06 | -2.75 | 10500.0 | 25.85 | 5.04 | 72.22 | 18.37 | 6.62 | 1098.37 | 18.76 | -5.96 | 5584.85 | 15.99 | -3.91 | 4221.62 | 2.71 | -3.9 | 8933.33 | 2.22 | -6.33 | 7300.0 | 0.14 | 0.0 | 100.0 | 31.06 | -3.06 | 8.41 | 24.72 | 21.35 | 113.1 | 97.96 | 13.4 | 119.59 | 2.04 | -85.01 | -99.63 | 16.95 | -8.13 | -38.07 |
| 24Q1 (18) | 1.09 | 39.74 | 209.0 | 24.61 | 1.23 | 171.35 | 17.23 | 10.24 | 129.75 | 19.95 | 31.6 | 134.85 | 16.64 | 16.85 | 129.07 | 2.82 | 36.89 | 205.22 | 2.37 | 33.15 | 194.42 | 0.14 | 16.67 | 250.0 | 32.04 | 7.81 | 295.72 | 20.37 | 15.54 | 228.02 | 86.38 | -16.2 | -14.49 | 13.62 | 541.25 | 1434.63 | 18.45 | -3.35 | -53.27 |
| 23Q4 (17) | 0.78 | 23.81 | 305.26 | 24.31 | -1.42 | 354.39 | 15.63 | 13.34 | 182.57 | 15.16 | -5.37 | 167.47 | 14.24 | -9.93 | 171.52 | 2.06 | 20.47 | 306.0 | 1.78 | 17.88 | 291.4 | 0.12 | 20.0 | 140.0 | 29.72 | -15.57 | 136.44 | 17.63 | 22.01 | 158.13 | 103.09 | 20.27 | 21.96 | -3.09 | -121.6 | -119.94 | 19.09 | -5.35 | -46.6 |
| 23Q3 (16) | 0.63 | 6200.0 | 800.0 | 24.66 | 64.29 | 102.96 | 13.79 | 849.46 | 433.9 | 16.02 | 4754.55 | 548.58 | 15.81 | 4172.97 | 581.47 | 1.71 | 5600.0 | 850.0 | 1.51 | 4933.33 | 788.24 | 0.10 | 42.86 | 42.86 | 35.20 | 22.86 | 47.53 | 14.45 | 24.57 | 115.35 | 85.71 | 117.14 | 153.57 | 14.29 | -97.4 | -94.51 | 20.17 | -26.31 | -21.09 |
| 23Q2 (15) | 0.01 | 101.0 | -92.31 | 15.01 | 143.52 | -21.94 | -1.84 | 96.82 | -168.66 | 0.33 | 100.58 | -93.82 | 0.37 | 100.65 | -91.78 | 0.03 | 101.12 | -91.18 | 0.03 | 101.2 | -90.32 | 0.07 | 75.0 | 0.0 | 28.65 | 275.02 | 13.83 | 11.60 | 86.8 | -24.68 | -500.00 | -594.95 | -1068.75 | 550.00 | 54000.0 | 965.63 | 27.37 | -30.67 | 3.95 |
| 23Q1 (14) | -1.00 | -163.16 | -516.67 | -34.49 | -744.67 | -251.74 | -57.92 | -205.97 | -932.18 | -57.25 | -154.78 | -764.92 | -57.25 | -187.54 | -828.37 | -2.68 | -168.0 | -546.67 | -2.51 | -169.89 | -556.36 | 0.04 | -20.0 | -42.86 | -16.37 | -230.23 | -160.99 | 6.21 | -9.08 | -25.18 | 101.02 | 19.52 | 24.51 | -1.02 | -106.59 | -105.41 | 39.48 | 10.43 | 56.85 |
| 22Q4 (13) | -0.38 | -642.86 | -134.86 | 5.35 | -55.97 | -82.18 | -18.93 | -358.35 | -193.71 | -22.47 | -1009.72 | -206.04 | -19.91 | -958.19 | -213.64 | -1.00 | -655.56 | -136.63 | -0.93 | -647.06 | -138.43 | 0.05 | -28.57 | -64.29 | 12.57 | -47.32 | -58.25 | 6.83 | 1.79 | -43.69 | 84.52 | 152.83 | -11.35 | 15.48 | -94.05 | 232.74 | 35.75 | 39.87 | 109.31 |
| 22Q3 (12) | 0.07 | -46.15 | -94.62 | 12.15 | -36.82 | -59.94 | -4.13 | -254.1 | -118.25 | 2.47 | -53.75 | -89.12 | 2.32 | -48.44 | -88.41 | 0.18 | -47.06 | -94.67 | 0.17 | -45.16 | -94.06 | 0.07 | 0.0 | -50.0 | 23.86 | -5.2 | -21.23 | 6.71 | -56.43 | -52.55 | -160.00 | -410.0 | -260.55 | 260.00 | 403.75 | 75560.0 | 25.56 | -2.92 | 34.1 |
| 22Q2 (11) | 0.13 | -45.83 | -87.13 | 19.23 | -15.4 | -33.83 | 2.68 | -61.49 | -87.24 | 5.34 | -37.98 | -72.78 | 4.50 | -42.75 | -73.87 | 0.34 | -43.33 | -86.87 | 0.31 | -43.64 | -85.91 | 0.07 | 0.0 | -46.15 | 25.17 | -6.22 | -6.92 | 15.40 | 85.54 | -32.46 | 51.61 | -36.38 | -51.8 | 51.61 | 173.55 | 829.03 | 26.33 | 4.61 | 35.72 |
| 22Q1 (10) | 0.24 | -77.98 | -73.03 | 22.73 | -24.28 | -18.53 | 6.96 | -65.54 | -62.68 | 8.61 | -59.37 | -54.18 | 7.86 | -55.14 | -52.31 | 0.60 | -78.02 | -73.57 | 0.55 | -77.27 | -72.77 | 0.07 | -50.0 | -41.67 | 26.84 | -10.86 | 3.67 | 8.30 | -31.57 | -37.17 | 81.13 | -14.91 | -18.46 | 18.87 | 305.66 | 3673.58 | 25.17 | 47.37 | 25.41 |
| 21Q4 (9) | 1.09 | -16.15 | 25.29 | 30.02 | -1.02 | 12.77 | 20.20 | -10.74 | 10.08 | 21.19 | -6.69 | 40.05 | 17.52 | -12.44 | 22.6 | 2.73 | -19.23 | 42.93 | 2.42 | -15.38 | 41.52 | 0.14 | 0.0 | 16.67 | 30.11 | -0.59 | 35.75 | 12.13 | -14.21 | 2.62 | 95.35 | -4.32 | -21.14 | 4.65 | 1253.49 | 121.56 | 17.08 | -10.39 | 5.3 |
| 21Q3 (8) | 1.30 | 28.71 | 46.07 | 30.33 | 4.37 | -1.49 | 22.63 | 7.71 | 0.18 | 22.71 | 15.75 | 7.02 | 20.01 | 16.2 | 14.67 | 3.38 | 30.5 | 24.72 | 2.86 | 30.0 | 25.99 | 0.14 | 7.69 | 7.69 | 30.29 | 12.02 | 5.25 | 14.14 | -37.98 | 25.02 | 99.66 | -6.93 | -6.35 | 0.34 | 104.85 | 105.36 | 19.06 | -1.75 | 12.05 |
| 21Q2 (7) | 1.01 | 13.48 | -8.18 | 29.06 | 4.16 | -10.47 | 21.01 | 12.65 | -15.15 | 19.62 | 4.42 | -17.18 | 17.22 | 4.49 | -13.03 | 2.59 | 14.1 | -39.34 | 2.20 | 8.91 | -32.31 | 0.13 | 8.33 | -18.75 | 27.04 | 4.44 | -13.64 | 22.80 | 72.6 | -35.23 | 107.08 | 7.62 | 2.45 | -7.08 | -1515.93 | -56.54 | 19.40 | -3.34 | 0 |
| 21Q1 (6) | 0.89 | 2.3 | -19.09 | 27.90 | 4.81 | -13.76 | 18.65 | 1.63 | -17.66 | 18.79 | 24.19 | -21.15 | 16.48 | 15.33 | -15.49 | 2.27 | 18.85 | -50.33 | 2.02 | 18.13 | -42.45 | 0.12 | 0.0 | -33.33 | 25.89 | 16.73 | -17.36 | 13.21 | 11.76 | -53.6 | 99.50 | -17.71 | 4.91 | 0.50 | 102.32 | -90.3 | 20.07 | 23.74 | -2.24 |
| 20Q4 (5) | 0.87 | -2.25 | -15.53 | 26.62 | -13.54 | -17.48 | 18.35 | -18.77 | -24.95 | 15.13 | -28.7 | -30.31 | 14.29 | -18.11 | -23.42 | 1.91 | -29.52 | -61.57 | 1.71 | -24.67 | -55.12 | 0.12 | -7.69 | -40.0 | 22.18 | -22.93 | -25.97 | 11.82 | 4.51 | -64.6 | 120.92 | 13.62 | 6.99 | -21.57 | -236.11 | -73.58 | 16.22 | -4.64 | -23.02 |
| 20Q3 (4) | 0.89 | -19.09 | 0.0 | 30.79 | -5.14 | 0.0 | 22.59 | -8.76 | 0.0 | 21.22 | -10.43 | 0.0 | 17.45 | -11.87 | 0.0 | 2.71 | -36.53 | 0.0 | 2.27 | -30.15 | 0.0 | 0.13 | -18.75 | 0.0 | 28.78 | -8.08 | 0.0 | 11.31 | -67.87 | 0.0 | 106.42 | 1.81 | 0.0 | -6.42 | -41.89 | 0.0 | 17.01 | 0 | 0.0 |
| 20Q2 (3) | 1.10 | 0.0 | 0.0 | 32.46 | 0.34 | 0.0 | 24.76 | 9.32 | 0.0 | 23.69 | -0.59 | 0.0 | 19.80 | 1.54 | 0.0 | 4.27 | -6.56 | 0.0 | 3.25 | -7.41 | 0.0 | 0.16 | -11.11 | 0.0 | 31.31 | -0.06 | 0.0 | 35.20 | 23.64 | 0.0 | 104.52 | 10.2 | 0.0 | -4.52 | -187.74 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.10 | 6.8 | 0.0 | 32.35 | 0.28 | 0.0 | 22.65 | -7.36 | 0.0 | 23.83 | 9.77 | 0.0 | 19.50 | 4.5 | 0.0 | 4.57 | -8.05 | 0.0 | 3.51 | -7.87 | 0.0 | 0.18 | -10.0 | 0.0 | 31.33 | 4.57 | 0.0 | 28.47 | -14.73 | 0.0 | 94.85 | -16.08 | 0.0 | 5.15 | 141.48 | 0.0 | 20.53 | -2.56 | 0.0 |
| 19Q4 (1) | 1.03 | 0.0 | 0.0 | 32.26 | 0.0 | 0.0 | 24.45 | 0.0 | 0.0 | 21.71 | 0.0 | 0.0 | 18.66 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 29.96 | 0.0 | 0.0 | 33.39 | 0.0 | 0.0 | 113.02 | 0.0 | 0.0 | -12.43 | 0.0 | 0.0 | 21.07 | 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) | 0.42 | 500.0 | 15.23 | -4.09 | 2.49 | 0 | 21.45 | -1.67 | 3.45 | 414.93 | 3.04 | 382.54 | 1.11 | 516.67 | 1.00 | 455.56 | 0.33 | 26.92 | 25.30 | 9.48 | 17.63 | 158.13 | 72.34 | 0 | 27.66 | -91.86 | 0.08 | -58.09 | 23.57 | -14.04 |
| 2022 (9) | 0.07 | -98.37 | 15.88 | -45.97 | -1.70 | 0 | 21.81 | 193.06 | 0.67 | -96.76 | 0.63 | -96.48 | 0.18 | -98.34 | 0.18 | -98.14 | 0.26 | -51.85 | 23.11 | -18.74 | 6.83 | -43.69 | -246.67 | 0 | 340.00 | 0 | 0.19 | -6.2 | 27.42 | 45.39 |
| 2021 (8) | 4.29 | 14.4 | 29.39 | -3.19 | 20.71 | -5.48 | 7.44 | 6.33 | 20.68 | 0.05 | 17.89 | 1.76 | 10.83 | -7.51 | 9.69 | -2.61 | 0.54 | -3.57 | 28.44 | 1.28 | 12.13 | 2.62 | 100.21 | -5.48 | -0.10 | 0 | 0.20 | -17.68 | 18.86 | 6.43 |
| 2020 (7) | 3.75 | 47.64 | 30.36 | 0.0 | 21.91 | 9.99 | 7.00 | -35.63 | 20.67 | 3.77 | 17.58 | 7.99 | 11.71 | -4.56 | 9.95 | -0.3 | 0.56 | -8.2 | 28.08 | -10.43 | 11.82 | -64.6 | 106.01 | 6.01 | -6.01 | 0 | 0.25 | -45.35 | 17.72 | -16.06 |
| 2019 (6) | 2.54 | 20.38 | 30.36 | 3.16 | 19.92 | 11.72 | 10.87 | -18.46 | 19.92 | -0.3 | 16.28 | 0.87 | 12.27 | 15.65 | 9.98 | 6.06 | 0.61 | 5.17 | 31.35 | -6.97 | 33.39 | 151.81 | 100.00 | 12.23 | 0.00 | 0 | 0.45 | -33.96 | 21.11 | -7.61 |
| 2018 (5) | 2.11 | 33.54 | 29.43 | 1.66 | 17.83 | 1.65 | 13.34 | -14.14 | 19.98 | 24.49 | 16.14 | 21.17 | 10.61 | 33.29 | 9.41 | 33.1 | 0.58 | 9.43 | 33.70 | 6.01 | 13.26 | 6.59 | 89.10 | -18.25 | 10.90 | 0 | 0.68 | 0 | 22.85 | 12.51 |
| 2017 (4) | 1.58 | -42.96 | 28.95 | -1.53 | 17.54 | -19.1 | 15.53 | 32.73 | 16.05 | -25.31 | 13.32 | -22.11 | 7.96 | -38.39 | 7.07 | -33.99 | 0.53 | -15.87 | 31.79 | -4.79 | 12.44 | -2.96 | 108.99 | 7.88 | -9.36 | 0 | 0.00 | 0 | 20.31 | 5.56 |
| 2016 (3) | 2.77 | -64.71 | 29.40 | -12.11 | 21.68 | -21.96 | 11.70 | 117.53 | 21.49 | -25.12 | 17.10 | -30.46 | 12.92 | -67.86 | 10.71 | -65.72 | 0.63 | -50.39 | 33.39 | -2.37 | 12.82 | -53.5 | 101.02 | 4.39 | -0.82 | 0 | 0.00 | 0 | 19.24 | 39.12 |
| 2015 (2) | 7.85 | 184.42 | 33.45 | 54.57 | 27.78 | 87.2 | 5.38 | -35.9 | 28.70 | 76.62 | 24.59 | 75.14 | 40.20 | 115.55 | 31.24 | 111.08 | 1.27 | 20.95 | 34.20 | 37.24 | 27.57 | -9.31 | 96.77 | 6.06 | 3.23 | -63.13 | 0.00 | 0 | 13.83 | -18.07 |
| 2014 (1) | 2.76 | 0 | 21.64 | 0 | 14.84 | 0 | 8.39 | -61.1 | 16.25 | 0 | 14.04 | 0 | 18.65 | 0 | 14.80 | 0 | 1.05 | 123.4 | 24.92 | 45.14 | 30.40 | 36.57 | 91.24 | -22.58 | 8.76 | 0 | 0.00 | 0 | 16.88 | -41.39 |
