- 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) | -0.77 | -692.31 | -505.26 | 10.34 | 62.83 | -12.3 | 2.27 | 241.87 | -49.56 | -6.58 | -471.75 | -295.83 | -7.44 | -659.4 | -493.65 | -2.80 | -683.33 | -473.33 | -1.07 | -354.76 | -278.33 | 0.17 | 0.0 | -5.56 | -0.04 | -100.43 | -100.42 | 125.13 | 7.08 | 4.91 | -34.90 | 62.11 | -126.17 | 134.90 | -29.78 | 504.7 | 8.41 | 0.84 | 9.93 |
| 24Q2 (19) | 0.13 | 316.67 | 225.0 | 6.35 | -31.87 | -31.65 | -1.60 | -297.53 | -215.11 | 1.77 | 420.59 | 78.79 | 1.33 | 314.52 | 250.0 | 0.48 | 328.57 | 242.86 | 0.42 | 147.06 | 27.27 | 0.17 | 6.25 | 0.0 | 9.32 | 5.67 | 18.88 | 116.86 | 6.37 | -2.81 | -92.11 | -137.93 | -164.47 | 192.11 | 234.47 | 548.25 | 8.34 | -2.23 | 1.83 |
| 24Q1 (18) | -0.06 | -185.71 | 60.0 | 9.32 | -24.84 | 47.47 | 0.81 | -79.28 | 148.8 | 0.34 | -83.73 | 115.89 | -0.62 | -192.54 | 68.53 | -0.21 | -187.5 | 61.82 | 0.17 | -56.41 | 1600.0 | 0.16 | -5.88 | 23.08 | 8.82 | -10.64 | 35.9 | 109.86 | -4.8 | -3.45 | 242.86 | 30.1 | 212.24 | -142.86 | -64.84 | -742.86 | 8.53 | -0.35 | -12.96 |
| 23Q4 (17) | 0.07 | -63.16 | -76.67 | 12.40 | 5.17 | 33.76 | 3.91 | -13.11 | 58.94 | 2.09 | -37.8 | 23.67 | 0.67 | -64.55 | -72.2 | 0.24 | -68.0 | -75.26 | 0.39 | -35.0 | -51.85 | 0.17 | -5.56 | -5.56 | 9.87 | 4.44 | 6.59 | 115.40 | -3.24 | -0.78 | 186.67 | 40.0 | 30.0 | -86.67 | -160.0 | -87.78 | 8.56 | 11.9 | 21.59 |
| 23Q3 (16) | 0.19 | 375.0 | 116.1 | 11.79 | 26.91 | 88.04 | 4.50 | 223.74 | 410.34 | 3.36 | 239.39 | 144.8 | 1.89 | 397.37 | 123.11 | 0.75 | 435.71 | 120.27 | 0.60 | 81.82 | 145.45 | 0.18 | 5.88 | -10.0 | 9.45 | 20.54 | 616.39 | 119.27 | -0.81 | -15.03 | 133.33 | -6.67 | 600.0 | -33.33 | 22.22 | -141.18 | 7.65 | -6.59 | 5.08 |
| 23Q2 (15) | 0.04 | 126.67 | 104.94 | 9.29 | 46.99 | 32.71 | 1.39 | 183.73 | 280.52 | 0.99 | 146.26 | 114.45 | 0.38 | 119.29 | 105.44 | 0.14 | 125.45 | 105.81 | 0.33 | 3200.0 | 135.11 | 0.17 | 30.77 | 6.25 | 7.84 | 20.8 | 1159.46 | 120.24 | 5.68 | -0.86 | 142.86 | 83.67 | 1141.07 | -42.86 | -292.86 | -148.43 | 8.19 | -16.43 | 3.15 |
| 23Q1 (14) | -0.15 | -150.0 | -114.29 | 6.32 | -31.82 | -44.56 | -1.66 | -167.48 | -148.82 | -2.14 | -226.63 | -482.14 | -1.97 | -181.74 | -212.7 | -0.55 | -156.7 | -189.47 | 0.01 | -98.77 | -75.0 | 0.13 | -27.78 | -7.14 | 6.49 | -29.91 | -5.26 | 113.78 | -2.18 | 2.46 | 77.78 | -45.83 | -87.65 | 22.22 | 148.15 | 104.27 | 9.80 | 39.2 | 10.11 |
| 22Q4 (13) | 0.30 | 125.42 | -81.48 | 9.27 | 47.85 | -11.29 | 2.46 | 269.66 | 13.36 | 1.69 | 122.53 | -86.64 | 2.41 | 129.46 | -80.0 | 0.97 | 126.22 | -80.83 | 0.81 | 161.36 | -68.73 | 0.18 | -10.0 | -14.29 | 9.26 | 606.01 | -39.87 | 116.31 | -17.13 | -1.48 | 143.59 | 653.85 | 741.83 | -46.15 | -157.01 | -155.65 | 7.04 | -3.3 | 10.34 |
| 22Q3 (12) | -1.18 | -45.68 | -506.9 | 6.27 | -10.43 | -47.44 | -1.45 | -88.31 | -130.59 | -7.50 | -9.49 | -289.39 | -8.18 | -17.02 | -420.78 | -3.70 | -53.53 | -485.42 | -1.32 | -40.43 | -316.39 | 0.20 | 25.0 | 0.0 | -1.83 | -147.3 | -121.73 | 140.36 | 15.73 | 61.35 | 19.05 | 65.48 | -84.13 | 80.95 | -8.52 | 504.76 | 7.28 | -8.31 | 18.95 |
| 22Q2 (11) | -0.81 | -1057.14 | -313.16 | 7.00 | -38.6 | -30.21 | -0.77 | -122.65 | -128.21 | -6.85 | -1323.21 | -268.3 | -6.99 | -1009.52 | -287.9 | -2.41 | -1168.42 | -294.35 | -0.94 | -2450.0 | -223.68 | 0.16 | 14.29 | -5.88 | -0.74 | -110.8 | -107.01 | 121.28 | 9.21 | 33.13 | 11.51 | -98.17 | -83.09 | 88.49 | 117.02 | 165.47 | 7.94 | -10.79 | 18.51 |
| 22Q1 (10) | -0.07 | -104.32 | 0.0 | 11.40 | 9.09 | 33.49 | 3.40 | 56.68 | 1207.69 | 0.56 | -95.57 | 300.0 | -0.63 | -105.23 | 17.11 | -0.19 | -103.75 | 20.83 | 0.04 | -98.46 | 300.0 | 0.14 | -33.33 | -12.5 | 6.85 | -55.52 | 20.39 | 111.05 | -5.94 | 21.62 | 630.00 | 3593.53 | 887.5 | -520.00 | -726.94 | -388.89 | 8.90 | 39.5 | 23.61 |
| 21Q4 (9) | 1.62 | 458.62 | 0 | 10.45 | -12.41 | -1.14 | 2.17 | -54.22 | 5.85 | 12.65 | 219.44 | 438.3 | 12.05 | 372.55 | 30225.0 | 5.06 | 427.08 | 50700.0 | 2.59 | 324.59 | 2254.55 | 0.21 | 5.0 | 31.25 | 15.40 | 82.9 | 83.99 | 118.06 | 35.72 | 30.66 | 17.06 | -85.79 | -80.36 | 82.94 | 514.72 | 530.37 | 6.38 | 4.25 | -23.13 |
| 21Q3 (8) | 0.29 | -23.68 | -44.23 | 11.93 | 18.94 | -13.3 | 4.74 | 73.63 | -13.97 | 3.96 | -2.7 | -40.0 | 2.55 | -31.45 | -52.16 | 0.96 | -22.58 | -46.07 | 0.61 | -19.74 | -42.45 | 0.20 | 17.65 | 11.11 | 8.42 | -20.27 | -30.3 | 86.99 | -4.51 | -2.75 | 120.00 | 76.33 | 44.52 | -20.00 | -160.0 | -217.89 | 6.12 | -8.66 | 0 |
| 21Q2 (7) | 0.38 | 642.86 | 90.0 | 10.03 | 17.45 | -9.88 | 2.73 | 950.0 | -10.2 | 4.07 | 1553.57 | 16.95 | 3.72 | 589.47 | 55.0 | 1.24 | 616.67 | 74.65 | 0.76 | 3900.0 | 40.74 | 0.17 | 6.25 | 13.33 | 10.56 | 85.59 | 4.55 | 91.10 | -0.23 | -0.18 | 68.06 | 185.07 | -21.36 | 33.33 | -81.48 | 147.62 | 6.70 | -6.94 | 0 |
| 21Q1 (6) | -0.07 | 0 | 78.79 | 8.54 | -19.21 | 10.62 | 0.26 | -87.32 | 107.41 | -0.28 | -111.91 | 95.36 | -0.76 | -1800.0 | 86.99 | -0.24 | -2300.0 | 78.95 | -0.02 | -118.18 | 94.29 | 0.16 | 0.0 | 60.0 | 5.69 | -32.02 | 29.02 | 91.31 | 1.05 | -8.39 | -80.00 | -192.12 | -237.14 | 180.00 | 1268.0 | 332.0 | 7.20 | -13.25 | -27.2 |
| 20Q4 (5) | 0.00 | -100.0 | -100.0 | 10.57 | -23.18 | -12.57 | 2.05 | -62.79 | -46.89 | 2.35 | -64.39 | -53.28 | -0.04 | -100.75 | -101.0 | -0.01 | -100.56 | -100.71 | 0.11 | -89.62 | -87.78 | 0.16 | -11.11 | -11.11 | 8.37 | -30.71 | -15.63 | 90.36 | 1.02 | -10.36 | 86.84 | 4.58 | 14.14 | 13.16 | -22.44 | -42.36 | 8.30 | 0 | 0 |
| 20Q3 (4) | 0.52 | 160.0 | 0.0 | 13.76 | 23.63 | 0.0 | 5.51 | 81.25 | 0.0 | 6.60 | 89.66 | 0.0 | 5.33 | 122.08 | 0.0 | 1.78 | 150.7 | 0.0 | 1.06 | 96.3 | 0.0 | 0.18 | 20.0 | 0.0 | 12.08 | 19.6 | 0.0 | 89.45 | -1.98 | 0.0 | 83.04 | -4.05 | 0.0 | 16.96 | 26.02 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 0.20 | 160.61 | 0.0 | 11.13 | 44.17 | 0.0 | 3.04 | 186.61 | 0.0 | 3.48 | 157.62 | 0.0 | 2.40 | 141.1 | 0.0 | 0.71 | 162.28 | 0.0 | 0.54 | 254.29 | 0.0 | 0.15 | 50.0 | 0.0 | 10.10 | 129.02 | 0.0 | 91.26 | -8.44 | 0.0 | 86.54 | 48.35 | 0.0 | 13.46 | -67.69 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.33 | -178.57 | 0.0 | 7.72 | -36.15 | 0.0 | -3.51 | -190.93 | 0.0 | -6.04 | -220.08 | 0.0 | -5.84 | -245.64 | 0.0 | -1.14 | -180.85 | 0.0 | -0.35 | -138.89 | 0.0 | 0.10 | -44.44 | 0.0 | 4.41 | -55.54 | 0.0 | 99.67 | -1.12 | 0.0 | 58.33 | -23.33 | 0.0 | 41.67 | 82.54 | 0.0 | 9.89 | 0 | 0.0 |
| 19Q4 (1) | 0.42 | 0.0 | 0.0 | 12.09 | 0.0 | 0.0 | 3.86 | 0.0 | 0.0 | 5.03 | 0.0 | 0.0 | 4.01 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 9.92 | 0.0 | 0.0 | 100.80 | 0.0 | 0.0 | 76.09 | 0.0 | 0.0 | 22.83 | 0.0 | 0.0 | 0.00 | 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) | 0.15 | 0 | 10.20 | 22.6 | 2.31 | 200.0 | 5.11 | 12.84 | 1.31 | 0 | 0.41 | 0 | 0.57 | 0 | 1.34 | 0 | 0.64 | -4.48 | 8.56 | 169.18 | 115.40 | -0.78 | 175.93 | 0 | -75.93 | 0 | 0.02 | -48.91 | 8.46 | 9.73 |
| 2022 (9) | -1.69 | 0 | 8.32 | -19.46 | 0.77 | -69.92 | 4.53 | 14.14 | -3.21 | 0 | -3.51 | 0 | -5.13 | 0 | -1.39 | 0 | 0.67 | -1.47 | 3.18 | -69.54 | 116.31 | -1.48 | -24.01 | 0 | 124.01 | 124.43 | 0.03 | 96.98 | 7.71 | 17.53 |
| 2021 (8) | 2.22 | 484.21 | 10.33 | -7.44 | 2.56 | 8.47 | 3.97 | -26.6 | 5.72 | 134.43 | 4.99 | 330.17 | 6.96 | 448.03 | 3.78 | 200.0 | 0.68 | 21.43 | 10.44 | 13.23 | 118.06 | 30.66 | 44.74 | -53.95 | 55.26 | 1458.26 | 0.02 | -47.03 | 6.56 | -14.92 |
| 2020 (7) | 0.38 | 0 | 11.16 | 19.49 | 2.36 | 594.12 | 5.40 | 19.78 | 2.44 | 0 | 1.16 | 0 | 1.27 | 0 | 1.26 | 740.0 | 0.56 | -8.2 | 9.22 | 70.11 | 90.36 | -10.36 | 97.16 | 0 | 3.55 | -97.67 | 0.03 | -23.04 | 7.71 | 0.0 |
| 2019 (6) | -0.34 | 0 | 9.34 | 4.36 | 0.34 | 0 | 4.51 | -14.09 | -0.66 | 0 | -0.99 | 0 | -1.13 | 0 | 0.15 | 0 | 0.61 | 10.91 | 5.42 | 13.39 | 100.80 | 35.85 | -52.50 | 0 | 152.50 | 154.86 | 0.04 | -26.6 | 7.71 | -3.02 |
| 2018 (5) | -0.79 | 0 | 8.95 | -35.33 | -0.89 | 0 | 5.25 | 33.31 | -2.21 | 0 | -2.50 | 0 | -2.43 | 0 | -0.62 | 0 | 0.55 | -21.43 | 4.78 | -53.0 | 74.20 | -2.62 | 40.16 | -56.47 | 59.84 | 673.74 | 0.05 | 8.82 | 7.95 | -0.62 |
| 2017 (4) | 1.60 | -43.66 | 13.84 | -31.89 | 4.88 | -46.37 | 3.94 | -6.42 | 5.30 | -43.38 | 3.95 | -45.59 | 4.82 | -37.32 | 3.28 | -37.04 | 0.70 | 9.37 | 10.17 | -30.25 | 76.20 | 2.61 | 92.27 | -5.12 | 7.73 | 180.33 | 0.05 | 0 | 8.00 | 9.59 |
| 2016 (3) | 2.84 | 89.33 | 20.32 | 35.83 | 9.10 | 60.49 | 4.21 | 19.55 | 9.36 | 65.08 | 7.26 | 104.51 | 7.69 | 101.84 | 5.21 | 71.95 | 0.64 | -11.11 | 14.58 | 45.95 | 74.26 | 35.46 | 97.24 | -2.76 | 2.76 | 0 | 0.00 | 0 | 7.30 | 14.96 |
| 2015 (2) | 1.50 | 7.14 | 14.96 | -3.17 | 5.67 | -16.74 | 3.52 | 15.96 | 5.67 | -13.17 | 3.55 | -4.57 | 3.81 | 3.53 | 3.03 | 6.69 | 0.72 | 5.88 | 9.99 | -1.87 | 54.82 | 27.87 | 100.00 | -4.12 | 0.00 | 0 | 0.00 | 0 | 6.35 | 8.73 |
| 2014 (1) | 1.40 | -79.47 | 15.45 | 0 | 6.81 | 0 | 3.04 | 73.71 | 6.53 | 0 | 3.72 | 0 | 3.68 | 0 | 2.84 | 0 | 0.68 | -45.6 | 10.18 | -25.15 | 42.87 | -14.07 | 104.30 | 5.36 | -4.30 | 0 | 0.00 | 0 | 5.84 | 50.9 |
