- 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 | -72.41 | -70.37 | 6.17 | -42.55 | -46.53 | 1.59 | -65.51 | -75.5 | 1.67 | -72.12 | -69.8 | 1.38 | -73.05 | -67.61 | 0.54 | -73.13 | -67.66 | 0.51 | -70.35 | -65.77 | 0.32 | 0.0 | -5.88 | 5.28 | -46.34 | -43.1 | 20.92 | -0.38 | 46.5 | 100.00 | 36.36 | -13.33 | 0.00 | -100.0 | 100.0 | 10.43 | -13.52 | -13.23 |
| 24Q2 (19) | 0.29 | 480.0 | 31.82 | 10.74 | 47.93 | 11.07 | 4.61 | 436.05 | 5.01 | 5.99 | 403.36 | 25.05 | 5.12 | 422.45 | 34.74 | 2.01 | 491.18 | 44.6 | 1.72 | 421.21 | 39.84 | 0.32 | 14.29 | 0.0 | 9.84 | 75.4 | 8.25 | 21.00 | -1.36 | 47.99 | 73.33 | 10.0 | -19.33 | 20.00 | -40.0 | 120.0 | 12.06 | 4.42 | -2.43 |
| 24Q1 (18) | 0.05 | -79.17 | -91.67 | 7.26 | -23.17 | -49.05 | 0.86 | -73.04 | -86.6 | 1.19 | -72.58 | -89.96 | 0.98 | -73.87 | -90.72 | 0.34 | -76.71 | -91.08 | 0.33 | -74.02 | -89.97 | 0.28 | -12.5 | -9.68 | 5.61 | -32.97 | -64.69 | 21.29 | -18.49 | 43.75 | 66.67 | -16.67 | 19.05 | 33.33 | 11.11 | -30.56 | 11.55 | -7.89 | -24.31 |
| 23Q4 (17) | 0.24 | -11.11 | -58.62 | 9.45 | -18.11 | -42.87 | 3.19 | -50.85 | -68.79 | 4.34 | -21.52 | -62.49 | 3.75 | -11.97 | -60.65 | 1.46 | -12.57 | -61.88 | 1.27 | -14.77 | -61.28 | 0.32 | -5.88 | -5.88 | 8.37 | -9.81 | -45.01 | 26.12 | 82.91 | 42.89 | 80.00 | -30.67 | -6.09 | 30.00 | 295.0 | 170.0 | 12.54 | 4.33 | -10.36 |
| 23Q3 (16) | 0.27 | 22.73 | 350.0 | 11.54 | 19.34 | 5.68 | 6.49 | 47.84 | 2.04 | 5.53 | 15.45 | 137.34 | 4.26 | 12.11 | 280.36 | 1.67 | 20.14 | 279.55 | 1.49 | 21.14 | 272.5 | 0.34 | 6.25 | 3.03 | 9.28 | 2.09 | 56.23 | 14.28 | 0.63 | -16.15 | 115.38 | 26.92 | -58.79 | -15.38 | -269.23 | 91.45 | 12.02 | -2.75 | 8.98 |
| 23Q2 (15) | 0.22 | -63.33 | 540.0 | 9.67 | -32.14 | -31.37 | 4.39 | -31.62 | -55.84 | 4.79 | -59.58 | 309.4 | 3.80 | -64.02 | 517.58 | 1.39 | -63.52 | 497.14 | 1.23 | -62.61 | 555.56 | 0.32 | 3.23 | 0.0 | 9.09 | -42.79 | 98.04 | 14.19 | -4.19 | -21.9 | 90.91 | 62.34 | -87.6 | 9.09 | -81.06 | 101.44 | 12.36 | -19.0 | 24.85 |
| 23Q1 (14) | 0.60 | 3.45 | 93.55 | 14.25 | -13.85 | 4.32 | 6.42 | -37.18 | -19.95 | 11.85 | 2.42 | 62.55 | 10.56 | 10.81 | 87.9 | 3.81 | -0.52 | 85.85 | 3.29 | 0.3 | 89.08 | 0.31 | -8.82 | 0.0 | 15.89 | 4.4 | 45.11 | 14.81 | -18.98 | -12.31 | 56.00 | -34.26 | -50.59 | 48.00 | 332.0 | 460.0 | 15.26 | 9.08 | 20.73 |
| 22Q4 (13) | 0.58 | 866.67 | 31.82 | 16.54 | 51.47 | 22.25 | 10.22 | 60.69 | 70.62 | 11.57 | 396.57 | 37.41 | 9.53 | 750.89 | 33.66 | 3.83 | 770.45 | 29.39 | 3.28 | 720.0 | 33.33 | 0.34 | 3.03 | 0.0 | 15.22 | 156.23 | 31.32 | 18.28 | 7.34 | -15.84 | 85.19 | -69.58 | 21.69 | 11.11 | 106.17 | -62.96 | 13.99 | 26.84 | 10.68 |
| 22Q3 (12) | 0.06 | 220.0 | -82.86 | 10.92 | -22.5 | -14.29 | 6.36 | -36.02 | 5.47 | 2.33 | 99.15 | -67.55 | 1.12 | 223.08 | -81.02 | 0.44 | 225.71 | -81.89 | 0.40 | 248.15 | -80.49 | 0.33 | 3.13 | -2.94 | 5.94 | 29.41 | -41.65 | 17.03 | -6.27 | -20.75 | 280.00 | -61.82 | 220.0 | -180.00 | 71.58 | -1060.0 | 11.03 | 11.41 | -9.74 |
| 22Q2 (11) | -0.05 | -116.13 | -114.29 | 14.09 | 3.15 | 20.02 | 9.94 | 23.94 | 49.92 | 1.17 | -83.95 | -84.42 | -0.91 | -116.19 | -115.02 | -0.35 | -117.07 | -114.17 | -0.27 | -115.52 | -112.68 | 0.32 | 3.23 | -8.57 | 4.59 | -58.08 | -56.08 | 18.17 | 7.58 | 0.78 | 733.33 | 547.06 | 731.11 | -633.33 | -4650.0 | -5483.33 | 9.90 | -21.68 | -25.4 |
| 22Q1 (10) | 0.31 | -29.55 | 34.78 | 13.66 | 0.96 | 12.06 | 8.02 | 33.89 | 24.15 | 7.29 | -13.42 | 22.32 | 5.62 | -21.18 | 19.07 | 2.05 | -30.74 | 23.49 | 1.74 | -29.27 | 19.18 | 0.31 | -8.82 | 0.0 | 10.95 | -5.52 | 21.13 | 16.89 | -22.24 | 5.1 | 113.33 | 61.9 | 3.89 | -13.33 | -144.44 | -46.67 | 12.64 | 0.0 | -7.33 |
| 21Q4 (9) | 0.44 | 25.71 | 25.71 | 13.53 | 6.2 | 42.12 | 5.99 | -0.66 | 55.99 | 8.42 | 17.27 | 19.43 | 7.13 | 20.85 | 7.06 | 2.96 | 21.81 | 18.4 | 2.46 | 20.0 | 11.31 | 0.34 | 0.0 | 3.03 | 11.59 | 13.85 | 20.23 | 21.72 | 1.07 | 54.04 | 70.00 | -20.0 | 22.5 | 30.00 | 60.0 | -30.0 | 12.64 | 3.44 | -9.26 |
| 21Q3 (8) | 0.35 | 0.0 | 191.67 | 12.74 | 8.52 | 60.45 | 6.03 | -9.05 | 142.17 | 7.18 | -4.39 | 130.13 | 5.90 | -2.64 | 137.9 | 2.43 | -1.62 | 167.03 | 2.05 | -3.76 | 150.0 | 0.34 | -2.86 | 6.25 | 10.18 | -2.58 | 74.91 | 21.49 | 19.19 | 60.85 | 87.50 | -0.83 | 5.0 | 18.75 | 59.38 | 12.5 | 12.22 | -7.91 | -1.93 |
| 21Q2 (7) | 0.35 | 52.17 | 1650.0 | 11.74 | -3.69 | 121.93 | 6.63 | 2.63 | 4835.71 | 7.51 | 26.01 | 1344.23 | 6.06 | 28.39 | 1001.82 | 2.47 | 48.8 | 1352.94 | 2.13 | 45.89 | 1152.94 | 0.35 | 12.9 | 29.63 | 10.45 | 15.6 | 175.0 | 18.03 | 12.2 | 31.41 | 88.24 | -19.12 | 0 | 11.76 | 229.41 | -88.24 | 13.27 | -2.71 | 0 |
| 21Q1 (6) | 0.23 | -34.29 | 109.09 | 12.19 | 28.05 | 36.66 | 6.46 | 68.23 | 177.25 | 5.96 | -15.46 | 81.71 | 4.72 | -29.13 | 80.15 | 1.66 | -33.6 | 104.94 | 1.46 | -33.94 | 100.0 | 0.31 | -6.06 | 14.81 | 9.04 | -6.22 | 32.36 | 16.07 | 13.97 | 12.14 | 109.09 | 90.91 | 36.36 | -9.09 | -121.21 | -122.73 | 13.64 | -2.08 | -2.99 |
| 20Q4 (5) | 0.35 | 191.67 | 45.83 | 9.52 | 19.9 | -20.73 | 3.84 | 54.22 | -35.46 | 7.05 | 125.96 | 12.8 | 6.66 | 168.55 | 29.57 | 2.50 | 174.73 | 38.89 | 2.21 | 169.51 | 40.76 | 0.33 | 3.13 | 10.0 | 9.64 | 65.64 | 2.66 | 14.10 | 5.54 | -13.55 | 57.14 | -31.43 | -42.86 | 42.86 | 157.14 | 371.43 | 13.93 | 11.8 | -1.62 |
| 20Q3 (4) | 0.12 | 500.0 | 0.0 | 7.94 | 50.09 | 0.0 | 2.49 | 1878.57 | 0.0 | 3.12 | 500.0 | 0.0 | 2.48 | 350.91 | 0.0 | 0.91 | 435.29 | 0.0 | 0.82 | 382.35 | 0.0 | 0.32 | 18.52 | 0.0 | 5.82 | 53.16 | 0.0 | 13.36 | -2.62 | 0.0 | 83.33 | 0 | 0.0 | 16.67 | -83.33 | 0.0 | 12.46 | 0 | 0.0 |
| 20Q2 (3) | 0.02 | -81.82 | 0.0 | 5.29 | -40.7 | 0.0 | -0.14 | -106.01 | 0.0 | 0.52 | -84.15 | 0.0 | 0.55 | -79.01 | 0.0 | 0.17 | -79.01 | 0.0 | 0.17 | -76.71 | 0.0 | 0.27 | 0.0 | 0.0 | 3.80 | -44.36 | 0.0 | 13.72 | -4.26 | 0.0 | -0.00 | -100.0 | 0.0 | 100.00 | 150.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.11 | -54.17 | 0.0 | 8.92 | -25.73 | 0.0 | 2.33 | -60.84 | 0.0 | 3.28 | -47.52 | 0.0 | 2.62 | -49.03 | 0.0 | 0.81 | -55.0 | 0.0 | 0.73 | -53.5 | 0.0 | 0.27 | -10.0 | 0.0 | 6.83 | -27.26 | 0.0 | 14.33 | -12.14 | 0.0 | 80.00 | -20.0 | 0.0 | 40.00 | 340.0 | 0.0 | 14.06 | -0.71 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 12.01 | 0.0 | 0.0 | 5.95 | 0.0 | 0.0 | 6.25 | 0.0 | 0.0 | 5.14 | 0.0 | 0.0 | 1.80 | 0.0 | 0.0 | 1.57 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 9.39 | 0.0 | 0.0 | 16.31 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 9.09 | 0.0 | 0.0 | 14.16 | 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) | 1.32 | 46.67 | 11.18 | -19.22 | 5.10 | -41.11 | 3.85 | 8.81 | 6.53 | 15.58 | 5.50 | 41.03 | 8.34 | 40.88 | 6.94 | 37.7 | 1.24 | -2.36 | 10.44 | 11.66 | 26.12 | 42.89 | 77.97 | -48.71 | 22.03 | 0 | 0.00 | 0 | 13.00 | 9.15 |
| 2022 (9) | 0.90 | -34.31 | 13.84 | 10.02 | 8.66 | 38.34 | 3.53 | 22.73 | 5.65 | -22.92 | 3.90 | -35.11 | 5.92 | -37.49 | 5.04 | -37.93 | 1.27 | -4.51 | 9.35 | -9.84 | 18.28 | -15.84 | 152.00 | 80.15 | -52.00 | 0 | 0.00 | 0 | 11.91 | -7.75 |
| 2021 (8) | 1.37 | 128.33 | 12.58 | 57.05 | 6.26 | 179.46 | 2.88 | -7.7 | 7.33 | 99.73 | 6.01 | 84.92 | 9.47 | 117.7 | 8.12 | 110.91 | 1.33 | 14.66 | 10.37 | 52.28 | 21.72 | 54.04 | 84.38 | 37.11 | 14.06 | -63.44 | 0.00 | 0 | 12.91 | -5.49 |
| 2020 (7) | 0.60 | 22.45 | 8.01 | -4.3 | 2.24 | -22.76 | 3.12 | -4.89 | 3.67 | 11.55 | 3.25 | 23.11 | 4.35 | 23.23 | 3.85 | 22.22 | 1.16 | 0.87 | 6.81 | 1.64 | 14.10 | -13.55 | 61.54 | -29.23 | 38.46 | 194.87 | 0.00 | 0 | 13.66 | 6.97 |
| 2019 (6) | 0.49 | -3.92 | 8.37 | -0.71 | 2.90 | 2.84 | 3.28 | 88.79 | 3.29 | 3.79 | 2.64 | 5.6 | 3.53 | -10.18 | 3.15 | -3.37 | 1.15 | -10.16 | 6.70 | 35.35 | 16.31 | 2.13 | 86.96 | -0.62 | 13.04 | 4.35 | 0.00 | 0 | 12.77 | -0.23 |
| 2018 (5) | 0.51 | -57.14 | 8.43 | -49.64 | 2.82 | -69.15 | 1.74 | -23.78 | 3.17 | -59.36 | 2.50 | -60.44 | 3.93 | -57.24 | 3.26 | -56.12 | 1.28 | 10.34 | 4.95 | -50.99 | 15.97 | -47.15 | 87.50 | -25.0 | 12.50 | 0 | 0.00 | 0 | 12.80 | -19.14 |
| 2017 (4) | 1.19 | 40.0 | 16.74 | 17.72 | 9.14 | 27.65 | 2.28 | 2.43 | 7.80 | 20.74 | 6.32 | 32.77 | 9.19 | 36.15 | 7.43 | 30.35 | 1.16 | -2.52 | 10.10 | 15.69 | 30.22 | 49.53 | 116.67 | 5.56 | -16.67 | 0 | 0.00 | 0 | 15.83 | 4.08 |
| 2016 (3) | 0.85 | -11.46 | 14.22 | 107.59 | 7.16 | 0 | 2.23 | -9.13 | 6.46 | 19.85 | 4.76 | 11.48 | 6.75 | -7.02 | 5.70 | -7.62 | 1.19 | -17.36 | 8.73 | 10.09 | 20.21 | 17.23 | 110.53 | 0 | -10.53 | 0 | 0.00 | 0 | 15.21 | 15.93 |
| 2015 (2) | 0.96 | -5.88 | 6.85 | -16.57 | -1.04 | 0 | 2.45 | 38.31 | 5.39 | 0.56 | 4.27 | -0.93 | 7.26 | -9.36 | 6.17 | -7.91 | 1.44 | -7.1 | 7.93 | 9.83 | 17.24 | -8.25 | -18.92 | 0 | 121.62 | 28.2 | 0.00 | 0 | 13.12 | -2.02 |
| 2014 (1) | 1.02 | 45.71 | 8.21 | 0 | 0.30 | 0 | 1.77 | 45.63 | 5.36 | 0 | 4.31 | 0 | 8.01 | 0 | 6.70 | 0 | 1.55 | -5.49 | 7.22 | 48.56 | 18.79 | -7.16 | 5.13 | 0 | 94.87 | -45.19 | 0.00 | 0 | 13.39 | -13.67 |
