- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | 1.13 | 15.31 | 15.31 | 21.13 | 24.66 | 7.7 | 15.34 | 48.21 | 25.22 | 20.84 | 17.28 | 4.3 | 14.83 | -1.79 | 2.42 | 2.85 | 12.2 | 4.78 | 2.28 | 8.57 | 0.88 | 0.15 | 7.14 | -6.25 | 25.00 | 10.72 | 2.54 | 29.40 | 43.0 | 46.63 | 73.68 | 26.64 | 19.74 | 26.32 | -37.07 | -31.58 | 9.77 | -0.1 | -13.69 |
| 24Q1 (19) | 0.98 | 226.67 | 84.91 | 16.95 | 6.54 | 3.8 | 10.35 | 12.26 | 7.48 | 17.77 | 127.82 | 78.77 | 15.10 | 239.33 | 90.66 | 2.54 | 213.58 | 69.33 | 2.10 | 213.43 | 69.35 | 0.14 | -6.67 | -12.5 | 22.58 | 81.22 | 54.23 | 20.56 | -0.72 | -2.0 | 58.18 | -49.58 | -39.94 | 41.82 | 317.45 | 1238.18 | 9.78 | -15.47 | -9.86 |
| 23Q4 (18) | 0.30 | -70.87 | 500.0 | 15.91 | -22.73 | 19.0 | 9.22 | -32.7 | 136.41 | 7.80 | -62.8 | 1030.43 | 4.45 | -71.42 | 400.0 | 0.81 | -70.65 | 406.25 | 0.67 | -70.87 | 415.38 | 0.15 | 0.0 | 0.0 | 12.46 | -51.23 | 113.36 | 20.71 | 3.19 | 3.34 | 115.38 | 77.1 | -80.77 | -19.23 | -155.18 | 96.15 | 11.57 | -0.77 | 2.57 |
| 23Q3 (17) | 1.03 | 5.1 | 87.27 | 20.59 | 4.94 | 281.3 | 13.70 | 11.84 | 743.19 | 20.97 | 4.95 | 74.02 | 15.57 | 7.53 | 54.62 | 2.76 | 1.47 | 63.31 | 2.30 | 1.77 | 64.29 | 0.15 | -6.25 | 7.14 | 25.55 | 4.8 | 40.31 | 20.07 | 0.1 | -17.13 | 65.15 | 5.87 | 480.05 | 34.85 | -9.39 | -70.25 | 11.66 | 3.0 | -7.24 |
| 23Q2 (16) | 0.98 | 84.91 | 1500.0 | 19.62 | 20.15 | 32800.0 | 12.25 | 27.21 | 268.73 | 19.98 | 101.01 | 1065.22 | 14.48 | 82.83 | 1188.72 | 2.72 | 81.33 | 1188.0 | 2.26 | 82.26 | 1176.19 | 0.16 | 0.0 | 0.0 | 24.38 | 66.53 | 636.56 | 20.05 | -4.43 | 13.21 | 61.54 | -36.48 | -82.05 | 38.46 | 1130.77 | 115.84 | 11.32 | 4.33 | -2.41 |
| 23Q1 (15) | 0.53 | 960.0 | 251.43 | 16.33 | 22.14 | 670.98 | 9.63 | 146.92 | 190.25 | 9.94 | 1340.58 | 213.73 | 7.92 | 789.89 | 209.54 | 1.50 | 837.5 | 226.05 | 1.24 | 853.85 | 227.84 | 0.16 | 6.67 | 23.08 | 14.64 | 150.68 | 700.0 | 20.98 | 4.69 | 1.6 | 96.88 | -83.85 | -21.88 | 3.12 | 100.63 | 113.02 | 10.85 | -3.81 | -15.89 |
| 22Q4 (14) | 0.05 | -90.91 | 133.33 | 13.37 | 147.59 | 218.33 | 3.90 | 283.1 | 528.57 | 0.69 | -94.27 | 157.02 | 0.89 | -91.16 | 143.41 | 0.16 | -90.53 | 131.37 | 0.13 | -90.71 | 131.71 | 0.15 | 7.14 | -25.0 | 5.84 | -67.93 | 111.59 | 20.04 | -17.26 | -17.46 | 600.00 | 3600.0 | 650.0 | -500.00 | -526.83 | -2600.0 | 11.28 | -10.26 | 9.73 |
| 22Q3 (13) | 0.55 | 885.71 | 1000.0 | 5.40 | 9100.0 | -0.92 | -2.13 | 70.66 | -2942.86 | 12.05 | 682.13 | 1181.91 | 10.07 | 857.14 | 1158.75 | 1.69 | 776.0 | 894.12 | 1.40 | 766.67 | 900.0 | 0.14 | -12.5 | -17.65 | 18.21 | 450.15 | 247.52 | 24.22 | 36.76 | -12.75 | -17.14 | -105.0 | 0 | 117.14 | 148.24 | 17.14 | 12.57 | 8.36 | 6.26 |
| 22Q2 (12) | -0.07 | 80.0 | -129.17 | -0.06 | 97.9 | -100.66 | -7.26 | 31.96 | -273.68 | -2.07 | 76.32 | -163.3 | -1.33 | 81.6 | -140.55 | -0.25 | 78.99 | -131.65 | -0.21 | 78.35 | -133.87 | 0.16 | 23.08 | -15.79 | 3.31 | 235.66 | -53.25 | 17.71 | -14.24 | -26.33 | 342.86 | 176.5 | 166.67 | -242.86 | -911.9 | -750.0 | 11.60 | -10.08 | 7.31 |
| 22Q1 (11) | -0.35 | -133.33 | -391.67 | -2.86 | -168.1 | -141.94 | -10.67 | -1072.53 | -1061.26 | -8.74 | -622.31 | -530.54 | -7.23 | -252.68 | -434.72 | -1.19 | -133.33 | -397.5 | -0.97 | -136.59 | -403.12 | 0.13 | -35.0 | -13.33 | -2.44 | -188.41 | -134.27 | 20.65 | -14.95 | -31.89 | 124.00 | 55.0 | 117.0 | -24.00 | -220.0 | -156.0 | 12.90 | 25.49 | -3.87 |
| 21Q4 (10) | -0.15 | -400.0 | -130.61 | 4.20 | -22.94 | -78.79 | -0.91 | -1200.0 | -106.27 | -1.21 | -228.72 | -111.87 | -2.05 | -356.25 | -128.2 | -0.51 | -400.0 | -131.68 | -0.41 | -392.86 | -131.54 | 0.20 | 17.65 | 11.11 | 2.76 | -47.33 | -80.63 | 24.28 | -12.54 | 8.73 | 80.00 | 0 | -43.45 | 20.00 | -80.0 | 148.24 | 10.28 | -13.1 | -18.41 |
| 21Q3 (9) | 0.05 | -79.17 | -93.51 | 5.45 | -40.11 | -75.88 | -0.07 | -101.67 | -100.4 | 0.94 | -71.25 | -93.61 | 0.80 | -75.61 | -92.32 | 0.17 | -78.48 | -93.54 | 0.14 | -77.42 | -93.33 | 0.17 | -10.53 | -15.0 | 5.24 | -25.99 | -71.15 | 27.76 | 15.47 | 14.47 | 0.00 | -100.0 | -100.0 | 100.00 | 450.0 | 607.69 | 11.83 | 9.44 | 10.46 |
| 21Q2 (8) | 0.24 | 100.0 | -72.09 | 9.10 | 33.43 | -59.65 | 4.18 | 276.58 | -76.03 | 3.27 | 61.08 | -81.75 | 3.28 | 51.85 | -73.78 | 0.79 | 97.5 | -73.04 | 0.62 | 93.75 | -74.49 | 0.19 | 26.67 | 0.0 | 7.08 | -0.56 | -67.43 | 24.04 | -20.71 | -6.64 | 128.57 | 125.0 | 32.14 | -28.57 | -166.67 | -1157.14 | 10.81 | -19.45 | 0 |
| 21Q1 (7) | 0.12 | -75.51 | -55.56 | 6.82 | -65.56 | -45.35 | 1.11 | -92.36 | -81.19 | 2.03 | -80.08 | -78.43 | 2.16 | -70.29 | -67.07 | 0.40 | -75.16 | -56.52 | 0.32 | -75.38 | -59.49 | 0.15 | -16.67 | 25.0 | 7.12 | -50.04 | -54.53 | 30.32 | 35.78 | 94.73 | 57.14 | -59.61 | -12.38 | 42.86 | 203.36 | 9.52 | 13.42 | 6.51 | -6.87 |
| 20Q4 (6) | 0.49 | -36.36 | 44.12 | 19.80 | -12.39 | -0.45 | 14.52 | -17.83 | 1.75 | 10.19 | -30.73 | -31.61 | 7.27 | -30.16 | 23.43 | 1.61 | -38.78 | 21.05 | 1.30 | -38.1 | 19.27 | 0.18 | -10.0 | 0.0 | 14.25 | -21.53 | -24.24 | 22.33 | -7.92 | 23.3 | 141.46 | 18.18 | 46.34 | -41.46 | -110.51 | -929.27 | 12.60 | 17.65 | -10.0 |
| 20Q3 (5) | 0.77 | -10.47 | 28.33 | 22.60 | 0.22 | 28.77 | 17.67 | 1.32 | 47.37 | 14.71 | -17.91 | -5.4 | 10.41 | -16.79 | 4.52 | 2.63 | -10.24 | 22.33 | 2.10 | -13.58 | 21.39 | 0.20 | 5.26 | 17.65 | 18.16 | -16.47 | -6.68 | 24.25 | -5.83 | -12.26 | 119.70 | 23.02 | 53.9 | -19.70 | -828.79 | -188.64 | 10.71 | 0 | -30.05 |
| 20Q2 (4) | 0.86 | 218.52 | 0.0 | 22.55 | 80.69 | 0.0 | 17.44 | 195.59 | 0.0 | 17.92 | 90.44 | 0.0 | 12.51 | 90.7 | 0.0 | 2.93 | 218.48 | 0.0 | 2.43 | 207.59 | 0.0 | 0.19 | 58.33 | 0.0 | 21.74 | 38.83 | 0.0 | 25.75 | 65.38 | 0.0 | 97.30 | 49.19 | 0.0 | 2.70 | -93.09 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (3) | 0.27 | -20.59 | 0.0 | 12.48 | -37.25 | 0.0 | 5.90 | -58.65 | 0.0 | 9.41 | -36.85 | 0.0 | 6.56 | 11.38 | 0.0 | 0.92 | -30.83 | 0.0 | 0.79 | -27.52 | 0.0 | 0.12 | -33.33 | 0.0 | 15.66 | -16.75 | 0.0 | 15.57 | -14.03 | 0.0 | 65.22 | -32.53 | 0.0 | 39.13 | 682.61 | 0.0 | 14.41 | 2.93 | 0.0 |
| 19Q4 (2) | 0.34 | -43.33 | 0.0 | 19.89 | 13.33 | 0.0 | 14.27 | 19.02 | 0.0 | 14.90 | -4.18 | 0.0 | 5.89 | -40.86 | 0.0 | 1.33 | -38.14 | 0.0 | 1.09 | -36.99 | 0.0 | 0.18 | 5.88 | 0.0 | 18.81 | -3.34 | 0.0 | 18.11 | -34.48 | 0.0 | 96.67 | 24.29 | 0.0 | 5.00 | -77.5 | 0.0 | 14.00 | -8.56 | 0.0 |
| 19Q3 (1) | 0.60 | 0.0 | 0.0 | 17.55 | 0.0 | 0.0 | 11.99 | 0.0 | 0.0 | 15.55 | 0.0 | 0.0 | 9.96 | 0.0 | 0.0 | 2.15 | 0.0 | 0.0 | 1.73 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 19.46 | 0.0 | 0.0 | 27.64 | 0.0 | 0.0 | 77.78 | 0.0 | 0.0 | 22.22 | 0.0 | 0.0 | 15.31 | 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) | 2.84 | 2266.67 | 18.09 | 354.52 | 11.18 | 0 | 4.57 | -19.33 | 14.62 | 3300.0 | 10.56 | 1785.71 | 7.83 | 1857.5 | 6.50 | 1869.7 | 0.62 | 6.9 | 19.13 | 210.55 | 20.71 | 3.34 | 76.19 | 0 | 23.28 | -97.84 | 0.00 | 0 | 11.35 | -5.89 |
| 2022 (9) | 0.12 | -53.85 | 3.98 | -37.91 | -4.01 | 0 | 5.67 | 34.69 | 0.43 | -65.04 | 0.56 | -43.43 | 0.40 | -55.06 | 0.33 | -54.79 | 0.58 | -20.55 | 6.16 | 12.82 | 20.04 | -17.46 | -980.00 | 0 | 1080.00 | 10700.0 | 0.00 | 0 | 12.06 | 5.24 |
| 2021 (8) | 0.26 | -89.17 | 6.41 | -68.22 | 1.12 | -92.45 | 4.21 | 0.81 | 1.23 | -90.9 | 0.99 | -89.6 | 0.89 | -88.85 | 0.73 | -89.01 | 0.73 | 4.29 | 5.46 | -69.12 | 24.28 | 8.73 | 90.00 | -18.04 | 10.00 | 0 | 0.00 | 0 | 11.46 | -4.42 |
| 2020 (7) | 2.40 | 41.18 | 20.17 | 18.02 | 14.83 | 33.84 | 4.17 | -1.73 | 13.52 | 2.04 | 9.52 | 21.27 | 7.98 | 23.34 | 6.64 | 18.36 | 0.70 | -1.41 | 17.68 | 0.63 | 22.33 | 23.3 | 109.80 | 31.12 | -9.80 | 0 | 0.00 | 0 | 11.99 | -22.34 |
| 2019 (6) | 1.70 | 109.88 | 17.09 | 69.04 | 11.08 | 190.81 | 4.25 | 3.28 | 13.25 | 96.88 | 7.85 | 58.27 | 6.47 | 99.08 | 5.61 | 95.47 | 0.71 | 22.41 | 17.57 | 57.58 | 18.11 | 38.88 | 83.74 | 48.3 | 16.26 | -62.65 | 0.00 | 0 | 15.44 | -16.22 |
| 2018 (5) | 0.81 | 0 | 10.11 | 191.35 | 3.81 | 0 | 4.11 | 0.83 | 6.73 | 0 | 4.96 | 0 | 3.25 | 0 | 2.87 | 0 | 0.58 | 45.0 | 11.15 | 0 | 13.04 | 0.77 | 56.47 | -28.0 | 43.53 | 101.82 | 0.00 | 0 | 18.43 | -12.03 |
| 2017 (4) | -0.56 | 0 | 3.47 | 0 | -4.48 | 0 | 4.08 | -31.46 | -5.75 | 0 | -4.99 | 0 | -2.18 | 0 | -1.97 | 0 | 0.40 | 81.82 | -1.02 | 0 | 12.94 | 54.97 | 78.43 | -36.0 | 21.57 | 0 | 0.00 | 0 | 20.95 | -27.03 |
| 2016 (3) | -1.31 | 0 | -10.13 | 0 | -23.13 | 0 | 5.95 | -46.64 | -19.00 | 0 | -19.39 | 0 | -4.63 | 0 | -4.27 | 0 | 0.22 | 100.0 | -12.45 | 0 | 8.35 | 0.24 | 122.55 | -24.59 | -21.57 | 0 | 0.00 | 0 | 28.71 | -7.27 |
| 2015 (2) | -0.58 | 0 | -13.80 | 0 | -34.11 | 0 | 11.15 | 66.58 | -20.87 | 0 | -17.58 | 0 | -2.10 | 0 | -1.97 | 0 | 0.11 | -38.89 | -9.51 | 0 | 8.33 | 55.12 | 162.50 | 206.69 | -62.50 | 0 | 0.00 | 0 | 30.96 | 117.42 |
| 2014 (1) | 0.82 | 2.5 | 22.43 | 0 | 13.62 | 0 | 6.69 | 6.1 | 25.53 | 0 | 16.27 | 0 | 3.14 | 0 | 2.93 | 0 | 0.18 | -28.0 | 32.31 | 50.84 | 5.37 | -37.99 | 52.99 | -34.34 | 46.27 | 139.76 | 0.00 | 0 | 14.24 | -2.6 |
