- 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) | 0.30 | -75.41 | 57.89 | 24.39 | -8.03 | 40.98 | 13.56 | -28.44 | 126.38 | 10.90 | -38.66 | 136.44 | 8.28 | -43.17 | 95.74 | 2.78 | -70.55 | 137.61 | 0.99 | -64.26 | 94.12 | 0.09 | -50.0 | 0.0 | 20.20 | -9.5 | 46.27 | 263.26 | 2.15 | 27.06 | 124.37 | 16.67 | -4.25 | -24.38 | -269.05 | 18.47 | 5.30 | 58.21 | -20.06 |
| 24Q2 (19) | 1.22 | 1933.33 | 1009.09 | 26.52 | 48.91 | 78.23 | 18.95 | 279.0 | 727.51 | 17.77 | 758.45 | 640.42 | 14.57 | 723.16 | 884.46 | 9.44 | 2045.45 | 2522.22 | 2.77 | 793.55 | 1008.0 | 0.18 | 157.14 | 100.0 | 22.32 | 66.07 | 179.7 | 257.72 | -8.7 | 33.3 | 106.60 | -55.67 | 11.68 | -6.60 | 95.3 | -245.3 | 3.35 | -58.13 | -54.73 |
| 24Q1 (18) | 0.06 | 500.0 | -14.29 | 17.81 | 6.2 | 22.83 | 5.00 | 26.9 | 733.33 | 2.07 | 191.55 | 83.19 | 1.77 | 468.75 | 86.32 | 0.44 | 466.67 | 57.14 | 0.31 | 40.91 | 34.78 | 0.07 | -12.5 | -30.0 | 13.44 | 7.61 | 98.23 | 282.27 | 9.04 | 75.92 | 240.48 | -57.92 | 380.95 | -140.48 | 70.2 | -412.17 | 8.00 | 22.89 | -1.48 |
| 23Q4 (17) | 0.01 | -94.74 | 120.0 | 16.77 | -3.06 | 38.71 | 3.94 | -34.22 | 632.43 | 0.71 | -84.6 | 987.5 | -0.48 | -111.35 | -84.62 | -0.12 | -110.26 | -20.0 | 0.22 | -56.86 | 120.0 | 0.08 | -11.11 | -27.27 | 12.49 | -9.56 | 223.58 | 258.86 | 24.94 | -1.67 | 571.43 | 339.91 | -56.04 | -471.43 | -1476.85 | 60.71 | 6.51 | -1.81 | -19.13 |
| 23Q3 (16) | 0.19 | 72.73 | 90.0 | 17.30 | 16.26 | 47.23 | 5.99 | 161.57 | 634.82 | 4.61 | 92.08 | 1082.05 | 4.23 | 185.81 | 5387.5 | 1.17 | 225.0 | 4000.0 | 0.51 | 104.0 | 240.0 | 0.09 | 0.0 | -30.77 | 13.81 | 73.06 | 104.59 | 207.19 | 7.16 | -13.79 | 129.90 | 36.08 | 145.46 | -29.90 | -757.73 | -107.75 | 6.63 | -10.41 | -0.45 |
| 23Q2 (15) | 0.11 | 57.14 | -76.09 | 14.88 | 2.62 | 24.41 | 2.29 | 281.67 | 221.16 | 2.40 | 112.39 | -67.26 | 1.48 | 55.79 | -79.42 | 0.36 | 28.57 | -88.08 | 0.25 | 8.7 | -79.17 | 0.09 | -10.0 | -40.0 | 7.98 | 17.7 | -36.06 | 193.34 | 20.5 | -5.59 | 95.45 | 90.91 | 475.45 | 4.55 | -89.9 | -96.4 | 7.40 | -8.87 | 8.03 |
| 23Q1 (14) | 0.07 | 240.0 | 250.0 | 14.50 | 19.93 | 3.72 | 0.60 | 181.08 | -58.33 | 1.13 | 1512.5 | 28.41 | 0.95 | 465.38 | 97.92 | 0.28 | 380.0 | 40.0 | 0.23 | 130.0 | 4.55 | 0.10 | -9.09 | -37.5 | 6.78 | 75.65 | 19.58 | 160.45 | -39.05 | -5.94 | 50.00 | -96.15 | -69.57 | 45.00 | 103.75 | 170.0 | 8.12 | 0.87 | 22.29 |
| 22Q4 (13) | -0.05 | -150.0 | -171.43 | 12.09 | 2.89 | -15.87 | -0.74 | 33.93 | -150.68 | -0.08 | -120.51 | -104.47 | -0.26 | -225.0 | -123.42 | -0.10 | -233.33 | -118.18 | 0.10 | -33.33 | -76.19 | 0.11 | -15.38 | -42.11 | 3.86 | -42.81 | -56.87 | 263.26 | 9.54 | 82.41 | 1300.00 | 555.0 | 1470.83 | -1200.00 | -411.11 | -7060.0 | 8.05 | 20.87 | 31.75 |
| 22Q3 (12) | 0.10 | -78.26 | -70.59 | 11.75 | -1.76 | -17.31 | -1.12 | 40.74 | -173.2 | 0.39 | -94.68 | -92.25 | -0.08 | -101.11 | -101.67 | -0.03 | -100.99 | -101.2 | 0.15 | -87.5 | -85.44 | 0.13 | -13.33 | -27.78 | 6.75 | -45.91 | -30.63 | 240.34 | 17.36 | 22.54 | -285.71 | -1023.81 | -1022.08 | 385.71 | 205.47 | 447.71 | 6.66 | -2.77 | 2.3 |
| 22Q2 (11) | 0.46 | 2200.0 | 253.85 | 11.96 | -14.45 | -16.31 | -1.89 | -231.25 | -9550.0 | 7.33 | 732.95 | 199.18 | 7.19 | 1397.92 | 297.24 | 3.02 | 1410.0 | 259.52 | 1.20 | 445.45 | 172.73 | 0.15 | -6.25 | -6.25 | 12.48 | 120.11 | 62.29 | 204.78 | 20.04 | 12.15 | -25.42 | -115.48 | 0 | 126.27 | 296.42 | 30.63 | 6.85 | 3.16 | -12.4 |
| 22Q1 (10) | 0.02 | -71.43 | -91.67 | 13.98 | -2.71 | -17.13 | 1.44 | -1.37 | -50.52 | 0.88 | -50.84 | -78.85 | 0.48 | -56.76 | -85.71 | 0.20 | -63.64 | -88.64 | 0.22 | -47.62 | -71.43 | 0.16 | -15.79 | -11.11 | 5.67 | -36.65 | -36.29 | 170.59 | 18.2 | -13.29 | 164.29 | 98.51 | 135.33 | -64.29 | -472.86 | -312.95 | 6.64 | 8.67 | -12.4 |
| 21Q4 (9) | 0.07 | -79.41 | -74.07 | 14.37 | 1.13 | -17.65 | 1.46 | -4.58 | -27.72 | 1.79 | -64.41 | -66.16 | 1.11 | -76.88 | -73.51 | 0.55 | -77.91 | -73.43 | 0.42 | -59.22 | -55.79 | 0.19 | 5.56 | 0.0 | 8.95 | -8.02 | -14.35 | 144.32 | -26.42 | -20.32 | 82.76 | 167.08 | 119.49 | 17.24 | -75.52 | -72.32 | 6.11 | -6.14 | -24.1 |
| 21Q3 (8) | 0.34 | 161.54 | 142.86 | 14.21 | -0.56 | -11.57 | 1.53 | 7550.0 | -40.47 | 5.03 | 105.31 | 69.93 | 4.80 | 165.19 | 95.12 | 2.49 | 196.43 | 96.06 | 1.03 | 134.09 | 53.73 | 0.18 | 12.5 | -18.18 | 9.73 | 26.53 | 28.87 | 196.13 | 7.41 | 35.58 | 30.99 | 0 | -64.88 | 70.42 | -27.15 | 378.87 | 6.51 | -16.75 | -9.83 |
| 21Q2 (7) | 0.13 | -45.83 | -43.48 | 14.29 | -15.29 | -36.49 | 0.02 | -99.31 | -99.66 | 2.45 | -41.11 | -56.17 | 1.81 | -46.13 | -60.48 | 0.84 | -52.27 | -56.48 | 0.44 | -42.86 | -55.1 | 0.16 | -11.11 | -11.11 | 7.69 | -13.6 | -31.77 | 182.60 | -7.18 | 42.17 | 0.00 | -100.0 | -100.0 | 96.67 | 220.21 | 1775.56 | 7.82 | 3.17 | 0 |
| 21Q1 (6) | 0.24 | -11.11 | 2500.0 | 16.87 | -3.32 | 25.61 | 2.91 | 44.06 | 1222.73 | 4.16 | -21.36 | 1585.71 | 3.36 | -19.81 | 900.0 | 1.76 | -14.98 | 900.0 | 0.77 | -18.95 | 1440.0 | 0.18 | -5.26 | -21.74 | 8.90 | -14.83 | 107.46 | 196.73 | 8.62 | 51.82 | 69.81 | 85.15 | 169.81 | 30.19 | -51.54 | -84.91 | 7.58 | -5.84 | 4.12 |
| 20Q4 (5) | 0.27 | 92.86 | 2600.0 | 17.45 | 8.59 | 29.45 | 2.02 | -21.4 | 43.26 | 5.29 | 78.72 | 1553.12 | 4.19 | 70.33 | 4755.56 | 2.07 | 62.99 | 3550.0 | 0.95 | 41.79 | 691.67 | 0.19 | -13.64 | -26.92 | 10.45 | 38.41 | 137.5 | 181.12 | 25.2 | 37.06 | 37.70 | -57.27 | -92.06 | 62.30 | 323.61 | 117.8 | 8.05 | 11.5 | 31.11 |
| 20Q3 (4) | 0.14 | -39.13 | 0.0 | 16.07 | -28.58 | 0.0 | 2.57 | -56.44 | 0.0 | 2.96 | -47.05 | 0.0 | 2.46 | -46.29 | 0.0 | 1.27 | -34.2 | 0.0 | 0.67 | -31.63 | 0.0 | 0.22 | 22.22 | 0.0 | 7.55 | -33.01 | 0.0 | 144.66 | 12.63 | 0.0 | 88.24 | -16.58 | 0.0 | 14.71 | 354.9 | 0.0 | 7.22 | 0 | 0.0 |
| 20Q2 (3) | 0.23 | 2400.0 | 0.0 | 22.50 | 67.54 | 0.0 | 5.90 | 2581.82 | 0.0 | 5.59 | 2096.43 | 0.0 | 4.58 | 1190.48 | 0.0 | 1.93 | 977.27 | 0.0 | 0.98 | 1860.0 | 0.0 | 0.18 | -21.74 | 0.0 | 11.27 | 162.7 | 0.0 | 128.44 | -0.88 | 0.0 | 105.77 | 205.77 | 0.0 | -5.77 | -102.88 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.01 | -200.0 | 0.0 | 13.43 | -0.37 | 0.0 | 0.22 | -84.4 | 0.0 | -0.28 | -187.5 | 0.0 | -0.42 | -366.67 | 0.0 | -0.22 | -266.67 | 0.0 | 0.05 | -58.33 | 0.0 | 0.23 | -11.54 | 0.0 | 4.29 | -2.5 | 0.0 | 129.58 | -1.94 | 0.0 | -100.00 | -121.05 | 0.0 | 200.00 | 157.14 | 0.0 | 7.28 | 18.57 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 13.48 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | -0.09 | 0.0 | 0.0 | -0.06 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 4.40 | 0.0 | 0.0 | 132.15 | 0.0 | 0.0 | 475.00 | 0.0 | 0.0 | -350.00 | 0.0 | 0.0 | 6.14 | 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) | 0.35 | -27.08 | 15.96 | 28.5 | 3.36 | 0 | 5.72 | 67.12 | 2.27 | 11.27 | 1.60 | -8.05 | 1.93 | -31.07 | 1.17 | -19.86 | 0.34 | -34.62 | 10.48 | 47.4 | 258.86 | -1.67 | 147.43 | 0 | -47.43 | 0 | 1.00 | -40.47 | 7.11 | 0.71 |
| 2022 (9) | 0.48 | -37.66 | 12.42 | -16.59 | -0.59 | 0 | 3.42 | -19.84 | 2.04 | -38.37 | 1.74 | -36.26 | 2.80 | -42.74 | 1.46 | -43.19 | 0.52 | -24.64 | 7.11 | -19.75 | 263.26 | 82.41 | -28.99 | 0 | 128.99 | 136.04 | 1.69 | -15.0 | 7.06 | 1.88 |
| 2021 (8) | 0.77 | 22.22 | 14.89 | -12.82 | 1.50 | -40.0 | 4.27 | 5.76 | 3.31 | 1.22 | 2.73 | 5.0 | 4.89 | -2.4 | 2.57 | 4.05 | 0.69 | -8.0 | 8.86 | 8.05 | 144.32 | -20.32 | 45.36 | -40.63 | 54.64 | 131.44 | 1.98 | 209.0 | 6.93 | -11.72 |
| 2020 (7) | 0.63 | 125.0 | 17.08 | 26.42 | 2.50 | 32.28 | 4.03 | 37.6 | 3.27 | 135.25 | 2.60 | 182.61 | 5.01 | 129.82 | 2.47 | 52.47 | 0.75 | -33.04 | 8.20 | 62.38 | 181.12 | 37.06 | 76.39 | -43.3 | 23.61 | 0 | 0.64 | 263.94 | 7.85 | 28.27 |
| 2019 (6) | 0.28 | -30.0 | 13.51 | 6.97 | 1.89 | -3.57 | 2.93 | 201.94 | 1.39 | -23.2 | 0.92 | -37.41 | 2.18 | -39.44 | 1.62 | -33.33 | 1.12 | -17.04 | 5.05 | 45.11 | 132.15 | 48.25 | 134.72 | 24.26 | -34.72 | 0 | 0.18 | -86.35 | 6.12 | 8.51 |
| 2018 (5) | 0.40 | -4.76 | 12.63 | -10.04 | 1.96 | -11.31 | 0.97 | -11.84 | 1.81 | -17.35 | 1.47 | -23.04 | 3.60 | -8.4 | 2.43 | -9.33 | 1.35 | 15.38 | 3.48 | -15.12 | 89.14 | 18.66 | 108.42 | 8.42 | -8.42 | 0 | 1.29 | 0 | 5.64 | -10.19 |
| 2017 (4) | 0.42 | 40.0 | 14.04 | -7.14 | 2.21 | 43.51 | 1.10 | 4.81 | 2.19 | 48.98 | 1.91 | 17.9 | 3.93 | 34.59 | 2.68 | 30.1 | 1.17 | 11.43 | 4.10 | 14.85 | 75.12 | -0.67 | 100.00 | -5.36 | -1.06 | 0 | 0.00 | 0 | 6.28 | -2.03 |
| 2016 (3) | 0.30 | 0 | 15.12 | 31.02 | 1.54 | 0 | 1.05 | -1.3 | 1.47 | 0 | 1.62 | 0 | 2.92 | 0 | 2.06 | 0 | 1.05 | -11.02 | 3.57 | 107.56 | 75.63 | 14.04 | 105.66 | -71.82 | -5.66 | 0 | 0.00 | 0 | 6.41 | 4.06 |
| 2015 (2) | -0.11 | 0 | 11.54 | 36.57 | -1.32 | 0 | 1.06 | 33.71 | -0.34 | 0 | -0.46 | 0 | -0.93 | 0 | -0.14 | 0 | 1.18 | -27.16 | 1.72 | 0 | 66.32 | -14.08 | 375.00 | 280.86 | -275.00 | 0 | 0.00 | 0 | 6.16 | 22.95 |
| 2014 (1) | -0.55 | 0 | 8.45 | 0 | -1.65 | 0 | 0.80 | 20.81 | -1.68 | 0 | -1.67 | 0 | -4.98 | 0 | -2.36 | 0 | 1.62 | -6.36 | -0.44 | 0 | 77.19 | -15.38 | 98.46 | 0 | 1.54 | -99.32 | 0.00 | 0 | 5.01 | 15.44 |
