- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 0.46 | 100.0 | 2400.0 | 23.89 | 13.76 | 23.08 | 8.00 | -5.1 | 15.44 | 15.89 | 129.29 | 2748.33 | 15.67 | 126.12 | 2711.67 | 3.51 | 91.8 | 3025.0 | 1.77 | 66.98 | 4325.0 | 0.10 | -23.08 | -9.09 | 27.36 | 70.04 | 176.92 | 133.80 | 41.33 | 61.95 | 50.00 | -57.89 | 104.17 | 50.00 | 366.67 | -96.15 | 24.09 | 22.72 | 8.17 |
| 24Q3 (19) | 0.23 | -36.11 | -45.24 | 21.00 | -4.46 | -3.27 | 8.43 | -12.0 | 8.91 | 6.93 | -42.49 | -55.26 | 6.93 | -42.49 | -55.26 | 1.83 | -36.01 | -47.56 | 1.06 | -34.97 | -48.04 | 0.13 | 8.33 | 8.33 | 16.09 | -25.02 | -35.64 | 94.67 | -1.74 | 14.13 | 118.75 | 48.44 | 145.98 | -18.75 | -193.75 | -138.84 | 19.63 | -14.87 | -13.83 |
| 24Q2 (18) | 0.36 | -18.18 | -10.0 | 21.98 | -5.75 | 20.97 | 9.58 | 3.57 | 654.33 | 12.05 | -24.31 | -27.89 | 12.05 | -24.31 | -27.89 | 2.86 | -19.44 | -18.52 | 1.63 | -20.49 | -20.87 | 0.12 | 0.0 | 0.0 | 21.46 | -17.24 | -20.84 | 96.35 | 13.67 | 20.14 | 80.00 | 41.18 | 1020.0 | 20.00 | -53.85 | -78.46 | 23.06 | -8.93 | -5.95 |
| 24Q1 (17) | 0.44 | 2300.0 | 450.0 | 23.32 | 20.14 | 24.77 | 9.25 | 33.48 | 71.93 | 15.92 | 2753.33 | 373.81 | 15.92 | 2753.33 | 373.81 | 3.55 | 3058.33 | 407.14 | 2.05 | 5025.0 | 301.96 | 0.12 | 9.09 | 0.0 | 25.93 | 162.45 | 90.94 | 84.76 | 2.59 | 5.54 | 56.67 | 104.72 | -68.52 | 43.33 | -96.67 | 172.22 | 25.32 | 13.7 | 8.81 |
| 23Q4 (16) | -0.02 | -104.76 | 83.33 | 19.41 | -10.59 | -16.16 | 6.93 | -10.47 | 31.5 | -0.60 | -103.87 | 92.05 | -0.60 | -103.87 | 92.05 | -0.12 | -103.44 | 88.46 | 0.04 | -98.04 | 108.0 | 0.11 | -8.33 | 37.5 | 9.88 | -60.48 | 30.86 | 82.62 | -0.4 | 9.44 | -1200.00 | -2585.71 | -1500.0 | 1300.00 | 2592.86 | 642.86 | 22.27 | -2.24 | -27.48 |
| 23Q3 (15) | 0.42 | 5.0 | -10.64 | 21.71 | 19.48 | 51.5 | 7.74 | 509.45 | 460.0 | 15.49 | -7.3 | -38.36 | 15.49 | -7.3 | -38.36 | 3.49 | -0.57 | -18.08 | 2.04 | -0.97 | -21.24 | 0.12 | 0.0 | 20.0 | 25.00 | -7.78 | -34.18 | 82.95 | 3.43 | 18.92 | 48.28 | 575.86 | 614.94 | 48.28 | -48.01 | -55.86 | 22.78 | -7.1 | -3.35 |
| 23Q2 (14) | 0.40 | 400.0 | 1900.0 | 18.17 | -2.78 | 229.17 | 1.27 | -76.39 | 110.16 | 16.71 | 397.32 | 2839.34 | 16.71 | 397.32 | 1093.57 | 3.51 | 401.43 | 1495.45 | 2.06 | 303.92 | 836.36 | 0.12 | 0.0 | 33.33 | 27.11 | 99.63 | 98.17 | 80.20 | -0.14 | 11.33 | 7.14 | -96.03 | -99.52 | 92.86 | 254.76 | 106.63 | 24.52 | 5.37 | -6.52 |
| 23Q1 (13) | 0.08 | 166.67 | 180.0 | 18.69 | -19.27 | 709.09 | 5.38 | 2.09 | 131.43 | 3.36 | 144.5 | 167.33 | 3.36 | 144.5 | 145.47 | 0.70 | 167.31 | 172.92 | 0.51 | 202.0 | 206.25 | 0.12 | 50.0 | 50.0 | 13.58 | 79.87 | 9.78 | 80.31 | 6.38 | 10.68 | 180.00 | 340.0 | -47.06 | -60.00 | -134.29 | 75.0 | 23.27 | -24.23 | -28.49 |
| 22Q4 (12) | -0.12 | -125.53 | 62.5 | 23.15 | 61.55 | 1895.69 | 5.27 | 345.12 | 127.61 | -7.55 | -130.04 | 65.22 | -7.55 | -130.04 | 66.7 | -1.04 | -124.41 | 63.64 | -0.50 | -119.31 | 68.94 | 0.08 | -20.0 | 14.29 | 7.55 | -80.12 | 281.06 | 75.49 | 8.23 | 4.3 | -75.00 | -700.0 | -187.5 | 175.00 | 60.0 | 1125.0 | 30.71 | 30.29 | -4.75 |
| 22Q3 (11) | 0.47 | 2250.0 | 313.64 | 14.33 | 159.6 | 554.92 | -2.15 | 82.8 | 90.98 | 25.13 | 4219.67 | 252.95 | 25.13 | 1695.0 | 252.86 | 4.26 | 1836.36 | 319.59 | 2.59 | 1077.27 | 342.06 | 0.10 | 11.11 | 42.86 | 37.98 | 177.63 | 1065.03 | 69.75 | -3.18 | 2.23 | -9.38 | -100.63 | -106.39 | 109.38 | 107.81 | 334.38 | 23.57 | -10.14 | -30.45 |
| 22Q2 (10) | 0.02 | 120.0 | 103.7 | 5.52 | 138.96 | 129.6 | -12.50 | 26.99 | 70.11 | -0.61 | 87.78 | 98.67 | 1.40 | 118.94 | 103.2 | 0.22 | 122.92 | 104.82 | 0.22 | 145.83 | 108.4 | 0.09 | 12.5 | 50.0 | 13.68 | 10.59 | 157.45 | 72.04 | -0.72 | 2.56 | 1500.00 | 341.18 | 1571.43 | -1400.00 | -483.33 | -18300.0 | 26.23 | -19.39 | -28.94 |
| 22Q1 (9) | -0.10 | 68.75 | 76.74 | 2.31 | 99.14 | 114.88 | -17.12 | 10.32 | 57.35 | -4.99 | 77.02 | 86.29 | -7.39 | 67.4 | 80.0 | -0.96 | 66.43 | 72.57 | -0.48 | 70.19 | 76.0 | 0.08 | 14.29 | 33.33 | 12.37 | 396.64 | 208.6 | 72.56 | 0.25 | 6.19 | 340.00 | 296.67 | 208.12 | -240.00 | -1780.0 | -2220.0 | 32.54 | 0.93 | -23.65 |
| 21Q4 (8) | -0.32 | -45.45 | 8.57 | 1.16 | 136.83 | 111.33 | -19.09 | 19.92 | 49.9 | -21.71 | -32.14 | 40.78 | -22.67 | -37.9 | 36.0 | -2.86 | -47.42 | -4.0 | -1.61 | -50.47 | -2.55 | 0.07 | 0.0 | 40.0 | -4.17 | -227.91 | 6.92 | 72.38 | 6.08 | 6.21 | 85.71 | -41.56 | -17.58 | 14.29 | 130.61 | 457.14 | 32.24 | -4.87 | -30.71 |
| 21Q3 (7) | -0.22 | 59.26 | 35.29 | -3.15 | 83.11 | 72.8 | -23.84 | 42.99 | 36.29 | -16.43 | 64.23 | 49.82 | -16.44 | 62.37 | 48.42 | -1.94 | 57.46 | 26.52 | -1.07 | 59.16 | 30.97 | 0.07 | 16.67 | 40.0 | 3.26 | 113.69 | 179.32 | 68.23 | -2.86 | 1.78 | 146.67 | 63.43 | 30.37 | -46.67 | -706.67 | -273.33 | 33.89 | -8.18 | -26.69 |
| 21Q2 (6) | -0.54 | -25.58 | -800.0 | -18.65 | -20.17 | -211.88 | -41.82 | -4.19 | -129.28 | -45.93 | -26.22 | -254.4 | -43.69 | -18.24 | -719.7 | -4.56 | -30.29 | -913.33 | -2.62 | -31.0 | -1039.13 | 0.06 | 0.0 | 20.0 | -23.81 | -109.04 | -252.82 | 70.24 | 2.8 | 17.34 | 89.74 | -18.67 | -35.9 | 7.69 | 174.36 | 119.23 | 36.91 | -13.4 | 0 |
| 21Q1 (5) | -0.43 | -22.86 | -352.94 | -15.52 | -51.56 | -173.38 | -40.14 | -5.35 | -814.23 | -36.39 | 0.74 | -530.65 | -36.95 | -4.32 | -661.55 | -3.50 | -27.27 | -375.59 | -2.00 | -27.39 | -335.29 | 0.06 | 20.0 | -50.0 | -11.39 | -154.24 | -153.96 | 68.33 | 0.26 | 15.99 | 110.34 | 6.1 | 65.52 | -10.34 | -158.62 | -131.03 | 42.62 | -8.4 | 96.68 |
| 20Q4 (4) | -0.35 | -2.94 | 0.0 | -10.24 | 11.57 | 0.0 | -38.10 | -1.82 | 0.0 | -36.66 | -11.97 | 0.0 | -35.42 | -11.14 | 0.0 | -2.75 | -4.17 | 0.0 | -1.57 | -1.29 | 0.0 | 0.05 | 0.0 | 0.0 | -4.48 | -9.0 | 0.0 | 68.15 | 1.66 | 0.0 | 104.00 | -7.56 | 0.0 | -4.00 | 68.0 | 0.0 | 46.53 | 0.65 | 0.0 |
| 20Q3 (3) | -0.34 | -466.67 | 0.0 | -11.58 | -169.47 | 0.0 | -37.42 | -105.15 | 0.0 | -32.74 | -152.62 | 0.0 | -31.87 | -497.94 | 0.0 | -2.64 | -486.67 | 0.0 | -1.55 | -573.91 | 0.0 | 0.05 | 0.0 | 0.0 | -4.11 | -126.38 | 0.0 | 67.04 | 11.99 | 0.0 | 112.50 | -19.64 | 0.0 | -12.50 | 68.75 | 0.0 | 46.23 | 0 | 0.0 |
| 20Q2 (2) | -0.06 | -135.29 | 0.0 | 16.67 | -21.18 | 0.0 | -18.24 | -424.56 | 0.0 | -12.96 | -253.37 | 0.0 | -5.33 | -181.0 | 0.0 | -0.45 | -135.43 | 0.0 | -0.23 | -127.06 | 0.0 | 0.05 | -58.33 | 0.0 | 15.58 | -26.2 | 0.0 | 59.86 | 1.61 | 0.0 | 140.00 | 110.0 | 0.0 | -40.00 | -220.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (1) | 0.17 | 0.0 | 0.0 | 21.15 | 0.0 | 0.0 | 5.62 | 0.0 | 0.0 | 8.45 | 0.0 | 0.0 | 6.58 | 0.0 | 0.0 | 1.27 | 0.0 | 0.0 | 0.85 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 21.11 | 0.0 | 0.0 | 58.91 | 0.0 | 0.0 | 66.67 | 0.0 | 0.0 | 33.33 | 0.0 | 0.0 | 21.67 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 1.49 | 69.32 | 22.48 | 14.93 | 8.80 | 62.66 | 8.01 | -0.39 | 12.44 | 40.25 | 12.39 | 39.68 | 11.72 | 54.62 | 6.07 | 29.42 | 0.45 | -6.25 | 22.45 | 18.1 | 133.80 | 61.95 | 70.87 | 16.85 | 29.13 | -25.97 | 0.38 | -43.11 | 22.87 | -1.38 |
| 2023 (9) | 0.88 | 214.29 | 19.56 | 69.79 | 5.41 | 0 | 8.04 | -32.99 | 8.87 | 110.69 | 8.87 | 110.69 | 7.58 | 204.42 | 4.69 | 162.01 | 0.48 | 41.18 | 19.01 | 1.82 | 82.62 | 9.44 | 60.66 | 0 | 39.34 | -84.09 | 0.66 | -31.4 | 23.19 | -16.85 |
| 2022 (8) | 0.28 | 0 | 11.52 | 0 | -6.33 | 0 | 12.00 | -32.95 | 4.21 | 0 | 4.21 | 0 | 2.49 | 0 | 1.79 | 0 | 0.34 | 30.77 | 18.67 | 0 | 75.49 | 4.3 | -147.37 | 0 | 247.37 | 0 | 0.96 | -22.18 | 27.89 | -22.81 |
| 2021 (7) | -1.50 | 0 | -8.47 | 0 | -30.52 | 0 | 17.90 | -6.51 | -29.43 | 0 | -29.29 | 0 | -12.83 | 0 | -7.26 | 0 | 0.26 | -3.7 | -8.52 | 0 | 72.38 | 6.21 | 103.88 | -21.63 | -3.88 | 0 | 1.24 | -15.63 | 36.13 | 3.7 |
| 2020 (6) | -0.58 | 0 | 8.22 | -58.84 | -14.35 | 0 | 19.14 | 89.23 | -10.94 | 0 | -9.94 | 0 | -4.45 | 0 | -2.41 | 0 | 0.27 | -48.08 | 11.34 | -40.13 | 68.15 | 6.09 | 132.56 | 64.96 | -32.56 | 0 | 1.46 | -14.67 | 34.84 | 64.65 |
| 2019 (5) | 0.65 | -7.14 | 19.97 | 4.5 | 5.85 | 8.94 | 10.12 | -1.99 | 7.21 | -4.25 | 5.78 | -6.32 | 4.86 | -8.82 | 3.26 | -5.51 | 0.52 | 0.0 | 18.94 | -2.77 | 64.24 | 3.95 | 80.36 | 10.97 | 17.86 | -39.08 | 1.72 | -6.25 | 21.16 | 5.48 |
| 2018 (4) | 0.70 | 75.0 | 19.11 | 21.18 | 5.37 | 15.48 | 10.32 | 2.13 | 7.53 | 96.61 | 6.17 | 90.43 | 5.33 | 75.33 | 3.45 | 66.67 | 0.52 | -5.45 | 19.48 | 26.99 | 61.80 | -15.16 | 72.41 | -40.58 | 29.31 | 0 | 1.83 | 0 | 20.06 | 18.07 |
| 2017 (3) | 0.40 | -61.54 | 15.77 | -25.61 | 4.65 | -55.71 | 10.11 | 10.58 | 3.83 | -59.08 | 3.24 | -58.03 | 3.04 | -61.47 | 2.07 | -58.85 | 0.55 | -9.84 | 15.34 | -21.25 | 72.84 | 3.78 | 121.88 | 8.05 | -21.88 | 0 | 0.00 | 0 | 16.99 | 6.72 |
| 2016 (2) | 1.04 | -17.46 | 21.20 | 1.48 | 10.50 | 3.86 | 9.14 | -2.76 | 9.36 | -15.83 | 7.72 | -20.33 | 7.89 | -24.5 | 5.03 | -21.77 | 0.61 | -1.61 | 19.48 | -9.94 | 70.19 | 11.27 | 112.79 | 24.2 | -11.63 | 0 | 0.00 | 0 | 15.92 | -0.56 |
| 2015 (1) | 1.26 | 85.29 | 20.89 | 0 | 10.11 | 0 | 9.40 | -9.76 | 11.12 | 0 | 9.69 | 0 | 10.45 | 0 | 6.43 | 0 | 0.62 | 10.71 | 21.63 | 16.98 | 63.08 | -25.01 | 90.82 | -0.93 | 9.18 | 10.2 | 0.00 | 0 | 16.01 | 2.5 |
