- 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) | -0.08 | -119.05 | -110.81 | 14.74 | 15.61 | 7.12 | 1.29 | 197.73 | -67.75 | -5.82 | -120.43 | -113.1 | -3.90 | -118.25 | -110.81 | -0.31 | -119.75 | -110.69 | 0.04 | -95.65 | -97.33 | 0.04 | 33.33 | 0.0 | 12.05 | -74.92 | -80.67 | 109.42 | -4.75 | -7.66 | -20.00 | -340.0 | -340.0 | 120.00 | 14.78 | 30.91 | 17.55 | -24.81 | -19.12 |
| 24Q2 (19) | 0.42 | -49.4 | 20.0 | 12.75 | -4.28 | 8.05 | -1.32 | 44.54 | 60.95 | 28.49 | -43.4 | 13.06 | 21.37 | -47.03 | 17.03 | 1.57 | -50.78 | 12.95 | 0.92 | -44.24 | 13.58 | 0.03 | -25.0 | 0.0 | 48.05 | -29.87 | 7.57 | 114.88 | -0.22 | -5.06 | -4.55 | 6.82 | 65.45 | 104.55 | 0.86 | -7.61 | 23.34 | 14.13 | 5.32 |
| 24Q1 (18) | 0.83 | 396.43 | 2866.67 | 13.32 | 17.88 | 18.51 | -2.38 | -393.83 | 60.92 | 50.34 | 374.03 | 2058.75 | 40.34 | 370.74 | 3066.18 | 3.19 | 392.66 | 3000.0 | 1.65 | 615.62 | 1169.23 | 0.04 | 33.33 | 0.0 | 68.52 | 4975.56 | 322.18 | 115.13 | -3.27 | -4.77 | -4.88 | -31.71 | -102.17 | 103.66 | -0.04 | 182.93 | 20.45 | 6.57 | 2.71 |
| 23Q4 (17) | -0.28 | -137.84 | 47.17 | 11.30 | -17.88 | 36.31 | 0.81 | -79.75 | 109.65 | -18.37 | -141.34 | 47.6 | -14.90 | -141.31 | 47.26 | -1.09 | -137.59 | 48.1 | -0.32 | -121.33 | 60.0 | 0.03 | -25.0 | 0.0 | 1.35 | -97.83 | 108.32 | 119.02 | 0.44 | -1.56 | -3.70 | -144.44 | -116.05 | 103.70 | 13.13 | 38.27 | 19.19 | -11.57 | 6.37 |
| 23Q3 (16) | 0.74 | 111.43 | -7.5 | 13.76 | 16.61 | 6.75 | 4.00 | 218.34 | 262.6 | 44.44 | 76.35 | -4.37 | 36.07 | 97.54 | -1.5 | 2.90 | 108.63 | -8.81 | 1.50 | 85.19 | -10.18 | 0.04 | 33.33 | 0.0 | 62.35 | 39.58 | 2.52 | 118.50 | -2.07 | -0.92 | 8.33 | 163.33 | 266.67 | 91.67 | -18.99 | -12.7 | 21.70 | -2.08 | 7.64 |
| 23Q2 (15) | 0.35 | 1266.67 | 9.37 | 11.80 | 4.98 | -26.48 | -3.38 | 44.5 | -234.66 | 25.20 | 1080.54 | 13.41 | 18.26 | 1442.65 | 37.09 | 1.39 | 1363.64 | 8.59 | 0.81 | 523.08 | 1.25 | 0.03 | -25.0 | -40.0 | 44.67 | 175.23 | 29.82 | 121.00 | 0.08 | 43.01 | -13.16 | -105.85 | -207.89 | 113.16 | 190.53 | 25.39 | 22.16 | 11.3 | 19.72 |
| 23Q1 (14) | -0.03 | 94.34 | -106.98 | 11.24 | 35.59 | -29.93 | -6.09 | 27.41 | -344.58 | -2.57 | 92.67 | -110.29 | -1.36 | 95.19 | -106.87 | -0.11 | 94.76 | -106.25 | 0.13 | 116.25 | -87.85 | 0.04 | 33.33 | -20.0 | 16.23 | 200.06 | -57.05 | 120.90 | -0.01 | 57.85 | 225.00 | 875.0 | 2318.75 | -125.00 | -266.67 | -237.82 | 19.91 | 10.37 | -0.6 |
| 22Q4 (13) | -0.53 | -166.25 | -117.79 | 8.29 | -35.69 | -41.78 | -8.39 | -241.06 | 8.0 | -35.06 | -175.45 | -127.42 | -28.25 | -177.14 | -122.41 | -2.10 | -166.04 | -116.08 | -0.80 | -147.9 | -111.68 | 0.03 | -25.0 | -40.0 | -16.22 | -126.67 | -111.6 | 120.91 | 1.1 | 51.67 | 23.08 | 561.54 | 423.08 | 75.00 | -28.57 | -30.0 | 18.04 | -10.52 | -31.46 |
| 22Q3 (12) | 0.80 | 150.0 | 1242.86 | 12.89 | -19.69 | -18.88 | -2.46 | -198.01 | -18.84 | 46.47 | 109.14 | 1264.66 | 36.62 | 174.92 | 1273.72 | 3.18 | 148.44 | 1093.75 | 1.67 | 108.75 | 2883.33 | 0.04 | -20.0 | -20.0 | 60.82 | 76.75 | 557.51 | 119.60 | 41.35 | 10.51 | -5.00 | -141.0 | -108.75 | 105.00 | 16.35 | 145.0 | 20.16 | 8.91 | 11.69 |
| 22Q2 (11) | 0.32 | -25.58 | 346.15 | 16.05 | 0.06 | -22.16 | 2.51 | 0.8 | -70.08 | 22.22 | -11.01 | 463.07 | 13.32 | -32.73 | 371.28 | 1.28 | -27.27 | 320.69 | 0.80 | -25.23 | 500.0 | 0.05 | 0.0 | -16.67 | 34.41 | -8.94 | 676.75 | 84.61 | 10.47 | -20.38 | 12.20 | 31.1 | 108.61 | 90.24 | -0.5 | -62.66 | 18.51 | -7.59 | 7.49 |
| 22Q1 (10) | 0.43 | -85.57 | 59.26 | 16.04 | 12.64 | -15.53 | 2.49 | 127.3 | -46.57 | 24.97 | -80.47 | 89.17 | 19.80 | -84.3 | 84.87 | 1.76 | -86.52 | 43.09 | 1.07 | -84.38 | 52.86 | 0.05 | 0.0 | -16.67 | 37.79 | -72.96 | 58.38 | 76.59 | -3.93 | -24.85 | 9.30 | 230.23 | -73.13 | 90.70 | -15.35 | 38.71 | 20.03 | -23.9 | 11.96 |
| 21Q4 (9) | 2.98 | 4357.14 | 10033.33 | 14.24 | -10.38 | -32.54 | -9.12 | -340.58 | -209.88 | 127.88 | 3305.01 | 3297.0 | 126.08 | 4141.03 | 9170.5 | 13.06 | 4181.25 | 8806.67 | 6.85 | 11516.67 | 0 | 0.05 | 0.0 | 0.0 | 139.78 | 1411.14 | 1868.73 | 79.72 | -26.34 | -21.67 | -7.14 | -112.5 | 96.67 | 107.14 | 150.0 | -67.39 | 26.32 | 45.82 | 60.88 |
| 21Q3 (8) | -0.07 | 46.15 | -136.84 | 15.89 | -22.94 | -44.96 | -2.07 | -124.67 | -112.41 | -3.99 | 34.8 | -139.19 | -3.12 | 36.46 | -145.48 | -0.32 | 44.83 | -137.21 | -0.06 | 70.0 | -112.0 | 0.05 | -16.67 | -16.67 | 9.25 | 108.8 | -50.98 | 108.23 | 1.84 | 6.26 | 57.14 | 140.34 | -64.08 | 42.86 | -82.27 | 167.35 | 18.05 | 4.82 | 10.06 |
| 21Q2 (7) | -0.13 | -148.15 | -533.33 | 20.62 | 8.58 | -10.54 | 8.39 | 80.04 | -13.24 | -6.12 | -146.36 | -1033.33 | -4.91 | -145.85 | -519.66 | -0.58 | -147.15 | -583.33 | -0.20 | -128.57 | -242.86 | 0.06 | 0.0 | 20.0 | 4.43 | -81.43 | -53.61 | 106.27 | 4.27 | -0.56 | -141.67 | -509.26 | 91.67 | 241.67 | 269.61 | -86.57 | 17.22 | -3.75 | 0 |
| 21Q1 (6) | 0.27 | 1000.0 | -10.0 | 18.99 | -10.04 | -10.64 | 4.66 | -43.86 | -31.97 | 13.20 | 430.0 | -18.57 | 10.71 | 870.5 | -17.68 | 1.23 | 920.0 | -10.22 | 0.70 | 0 | -10.26 | 0.06 | 20.0 | 20.0 | 23.86 | 236.06 | -8.55 | 101.92 | 0.15 | 2.31 | 34.62 | 116.15 | -20.12 | 65.38 | -80.1 | 15.38 | 17.89 | 9.35 | -5.89 |
| 20Q4 (5) | -0.03 | -115.79 | 87.5 | 21.11 | -26.88 | 37.88 | 8.30 | -50.24 | 457.05 | -4.00 | -139.29 | 69.56 | -1.39 | -120.26 | 85.1 | -0.15 | -117.44 | 85.85 | 0.00 | -100.0 | 100.0 | 0.05 | -16.67 | -16.67 | 7.10 | -62.37 | 257.08 | 101.77 | -0.08 | 1.19 | -214.29 | -234.69 | -1757.14 | 328.57 | 616.33 | 194.58 | 16.36 | -0.24 | -6.08 |
| 20Q3 (4) | 0.19 | 533.33 | 0.0 | 28.87 | 25.25 | 0.0 | 16.68 | 72.49 | 0.0 | 10.18 | 1985.19 | 0.0 | 6.86 | 486.32 | 0.0 | 0.86 | 616.67 | 0.0 | 0.50 | 257.14 | 0.0 | 0.06 | 20.0 | 0.0 | 18.87 | 97.59 | 0.0 | 101.85 | -4.7 | 0.0 | 159.09 | 109.36 | 0.0 | -63.64 | -103.54 | 0.0 | 16.40 | 0 | 0.0 |
| 20Q2 (3) | 0.03 | -90.0 | 0.0 | 23.05 | 8.47 | 0.0 | 9.67 | 41.17 | 0.0 | -0.54 | -103.33 | 0.0 | 1.17 | -91.01 | 0.0 | 0.12 | -91.24 | 0.0 | 0.14 | -82.05 | 0.0 | 0.05 | 0.0 | 0.0 | 9.55 | -63.4 | 0.0 | 106.87 | 7.28 | 0.0 | -1700.00 | -4023.08 | 0.0 | 1800.00 | 3076.47 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.30 | 225.0 | 0.0 | 21.25 | 38.8 | 0.0 | 6.85 | 359.73 | 0.0 | 16.21 | 223.36 | 0.0 | 13.01 | 239.44 | 0.0 | 1.37 | 229.25 | 0.0 | 0.78 | 265.96 | 0.0 | 0.05 | -16.67 | 0.0 | 26.09 | 677.21 | 0.0 | 99.62 | -0.94 | 0.0 | 43.33 | 475.56 | 0.0 | 56.67 | -49.2 | 0.0 | 19.01 | 9.13 | 0.0 |
| 19Q4 (1) | -0.24 | 0.0 | 0.0 | 15.31 | 0.0 | 0.0 | 1.49 | 0.0 | 0.0 | -13.14 | 0.0 | 0.0 | -9.33 | 0.0 | 0.0 | -1.06 | 0.0 | 0.0 | -0.47 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -4.52 | 0.0 | 0.0 | 100.57 | 0.0 | 0.0 | -11.54 | 0.0 | 0.0 | 111.54 | 0.0 | 0.0 | 17.42 | 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) | 0.79 | -22.55 | 12.05 | -11.07 | -1.10 | 0 | 12.54 | 13.2 | 12.81 | -22.5 | 10.05 | -14.61 | 3.11 | -24.51 | 2.13 | -14.46 | 0.14 | -17.65 | 31.76 | 3.39 | 119.02 | -1.56 | -8.86 | 0 | 107.59 | 0.42 | 0.00 | 0 | 20.76 | 8.07 |
| 2022 (9) | 1.02 | -66.67 | 13.55 | -22.84 | -1.13 | 0 | 11.08 | 16.78 | 16.53 | -48.68 | 11.77 | -62.8 | 4.12 | -69.0 | 2.49 | -66.17 | 0.17 | -22.73 | 30.72 | -29.77 | 120.91 | 51.67 | -7.14 | 0 | 107.14 | 9.38 | 0.00 | 0 | 19.21 | -3.03 |
| 2021 (8) | 3.06 | 537.5 | 17.56 | -26.16 | 0.75 | -92.94 | 9.49 | 19.84 | 32.21 | 466.08 | 31.64 | 530.28 | 13.29 | 501.36 | 7.36 | 414.69 | 0.22 | 0.0 | 43.74 | 180.92 | 79.72 | -21.67 | 2.46 | -98.68 | 97.95 | 0 | 0.00 | 0 | 19.81 | 13.01 |
| 2020 (7) | 0.48 | -61.6 | 23.78 | 29.66 | 10.62 | 321.43 | 7.92 | 8.84 | 5.69 | -59.67 | 5.02 | -60.75 | 2.21 | -61.7 | 1.43 | -55.03 | 0.22 | 0.0 | 15.57 | -32.66 | 101.77 | 1.19 | 186.05 | 967.32 | -86.05 | 0 | 0.00 | 0 | 17.53 | -11.11 |
| 2019 (6) | 1.25 | -60.69 | 18.34 | 6.38 | 2.52 | 81.29 | 7.27 | 95.11 | 14.11 | -54.43 | 12.79 | -55.45 | 5.77 | -59.14 | 3.18 | -56.14 | 0.22 | -8.33 | 23.12 | -35.53 | 100.57 | 0.12 | 17.43 | 281.9 | 81.65 | -14.44 | 0.00 | 0 | 19.72 | -6.89 |
| 2018 (5) | 3.18 | 70.97 | 17.24 | -12.97 | 1.39 | -79.28 | 3.73 | 91.5 | 30.96 | 109.19 | 28.71 | 98.55 | 14.12 | 72.83 | 7.25 | 67.44 | 0.24 | -14.29 | 35.86 | 99.22 | 100.45 | -1.66 | 4.56 | -89.88 | 95.44 | 76.41 | 0.00 | 0 | 21.18 | 14.05 |
| 2017 (4) | 1.86 | 102.17 | 19.81 | -12.77 | 6.71 | -21.43 | 1.95 | 23.23 | 14.80 | 65.73 | 14.46 | 103.38 | 8.17 | 97.82 | 4.33 | 81.17 | 0.28 | -6.67 | 18.00 | 57.62 | 102.15 | -2.85 | 45.08 | -52.99 | 54.10 | 1216.39 | 0.00 | 0 | 18.57 | 4.33 |
| 2016 (3) | 0.92 | -21.37 | 22.71 | -0.57 | 8.54 | 0.83 | 1.58 | 5.72 | 8.93 | -16.31 | 7.11 | -10.9 | 4.13 | -23.09 | 2.39 | -26.01 | 0.30 | -16.67 | 11.42 | -14.39 | 105.15 | 34.45 | 95.89 | 21.38 | 4.11 | -80.43 | 0.00 | 0 | 17.80 | 5.45 |
| 2015 (2) | 1.17 | -25.0 | 22.84 | 4.44 | 8.47 | 97.9 | 1.49 | 6.55 | 10.67 | -0.74 | 7.98 | -8.59 | 5.37 | -28.78 | 3.23 | -25.4 | 0.36 | -23.4 | 13.34 | 4.96 | 78.21 | -16.05 | 79.00 | 98.31 | 21.00 | -65.09 | 0.00 | 0 | 16.88 | 23.3 |
| 2014 (1) | 1.56 | -47.65 | 21.87 | 0 | 4.28 | 0 | 1.40 | -13.31 | 10.75 | 0 | 8.73 | 0 | 7.54 | 0 | 4.33 | 0 | 0.47 | -2.08 | 12.71 | -39.01 | 93.16 | 30.42 | 39.84 | 1453.66 | 60.16 | -38.25 | 0.00 | 0 | 13.69 | -8.0 |
