- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 0.36 | 176.6 | 33.33 | 33.25 | 6.91 | 5.42 | -2.78 | 70.71 | -139.77 | 12.80 | 224.88 | 108.81 | 8.18 | 197.5 | 120.49 | 0.64 | 179.01 | 42.22 | 0.42 | 182.35 | 50.0 | 0.05 | -16.67 | -16.67 | 19.81 | 440.96 | 70.78 | 65.45 | -0.05 | -28.99 | -22.22 | -124.07 | -120.2 | 118.52 | 1440.74 | 890.12 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | -0.47 | -188.68 | -261.54 | 31.10 | 32.28 | -6.18 | -9.49 | -6031.25 | -165.09 | -10.25 | -198.18 | -527.08 | -8.39 | -209.82 | -360.99 | -0.81 | -182.65 | -211.54 | -0.51 | -182.26 | -466.67 | 0.06 | -14.29 | -14.29 | -5.81 | -137.17 | -178.2 | 65.48 | -5.65 | -28.34 | 92.31 | 3130.77 | -84.9 | 7.69 | -92.31 | 101.51 | 20.58 | 8.03 | 85.57 |
| 23Q3 (18) | 0.53 | -25.35 | -73.23 | 23.51 | 0.13 | -11.15 | 0.16 | -97.51 | -91.71 | 10.44 | -18.37 | -66.02 | 7.64 | 15.23 | -67.65 | 0.98 | -21.6 | -72.32 | 0.62 | -13.89 | -65.93 | 0.07 | -30.0 | -12.5 | 15.63 | -4.87 | -55.81 | 69.40 | -11.47 | -25.98 | 2.86 | -94.38 | -56.79 | 100.00 | 103.23 | 7.08 | 19.05 | 37.74 | -12.21 |
| 23Q2 (17) | 0.71 | 162.96 | -52.98 | 23.48 | -25.55 | -2.69 | 6.42 | -8.15 | -9.19 | 12.79 | 108.65 | -31.46 | 6.63 | 78.71 | -50.11 | 1.25 | 177.78 | -54.55 | 0.72 | 157.14 | -49.65 | 0.10 | 66.67 | -9.09 | 16.43 | 41.64 | -25.49 | 78.39 | -14.95 | -23.98 | 50.79 | -53.82 | 34.53 | 49.21 | 428.04 | -20.95 | 13.83 | -33.19 | -6.93 |
| 23Q1 (16) | 0.27 | 307.69 | -81.88 | 31.54 | -4.86 | 25.51 | 6.99 | -52.06 | 5.43 | 6.13 | 155.42 | -66.08 | 3.71 | 303.85 | -73.06 | 0.45 | 273.08 | -83.58 | 0.28 | 411.11 | -81.46 | 0.06 | -14.29 | -45.45 | 11.60 | 56.12 | -46.79 | 92.17 | 0.88 | 1.73 | 110.00 | -82.0 | 200.0 | -15.00 | 97.07 | -123.68 | 20.70 | 86.65 | 24.62 |
| 22Q4 (15) | -0.13 | -106.57 | -110.66 | 33.15 | 25.28 | 30.2 | 14.58 | 655.44 | 44.21 | 2.40 | -92.19 | -80.57 | -1.82 | -107.71 | -121.54 | -0.26 | -107.34 | -111.5 | -0.09 | -104.95 | -107.03 | 0.07 | -12.5 | -53.33 | 7.43 | -78.99 | -51.02 | 91.37 | -2.55 | 16.13 | 611.11 | 9143.06 | 647.93 | -511.11 | -647.3 | -2894.07 | 11.09 | -48.89 | 7.88 |
| 22Q3 (14) | 1.98 | 31.13 | 26.11 | 26.46 | 9.66 | 3.28 | 1.93 | -72.7 | -84.35 | 30.72 | 64.63 | 133.26 | 23.62 | 77.73 | 125.17 | 3.54 | 28.73 | 17.22 | 1.82 | 27.27 | 7.06 | 0.08 | -27.27 | -50.0 | 35.37 | 60.41 | 123.86 | 93.76 | -9.08 | 12.5 | 6.61 | -82.49 | -92.93 | 93.39 | 50.03 | 1331.96 | 21.70 | 46.03 | 104.33 |
| 22Q2 (13) | 1.51 | 1.34 | 106.85 | 24.13 | -3.98 | -6.36 | 7.07 | 6.64 | -43.44 | 18.66 | 3.27 | 142.02 | 13.29 | -3.49 | 126.79 | 2.75 | 0.36 | 89.66 | 1.43 | -5.3 | 66.28 | 0.11 | 0.0 | -21.43 | 22.05 | 1.15 | 103.79 | 103.12 | 13.82 | 28.8 | 37.76 | 2.97 | -76.73 | 62.24 | -1.72 | 200.04 | 14.86 | -10.54 | 48.45 |
| 22Q1 (12) | 1.49 | 22.13 | 254.76 | 25.13 | -1.3 | 9.4 | 6.63 | -34.42 | 27.26 | 18.07 | 46.32 | 222.68 | 13.77 | 62.96 | 227.86 | 2.74 | 21.24 | 222.35 | 1.51 | 17.97 | 184.91 | 0.11 | -26.67 | -8.33 | 21.80 | 43.7 | 124.05 | 90.60 | 15.15 | 24.79 | 36.67 | -55.12 | -61.87 | 63.33 | 246.22 | 723.33 | 16.61 | 61.58 | 24.33 |
| 21Q4 (11) | 1.22 | -22.29 | 421.05 | 25.46 | -0.62 | 49.5 | 10.11 | -18.0 | 317.77 | 12.35 | -6.23 | 531.82 | 8.45 | -19.45 | 324.14 | 2.26 | -25.17 | 401.33 | 1.28 | -24.71 | 412.2 | 0.15 | -6.25 | 25.0 | 15.17 | -3.99 | 918.12 | 78.68 | -5.59 | 12.96 | 81.71 | -12.59 | 196.56 | 18.29 | 180.49 | -90.49 | 10.28 | -3.2 | 6.2 |
| 21Q3 (10) | 1.57 | 115.07 | 1470.0 | 25.62 | -0.58 | 0.87 | 12.33 | -1.36 | 91.16 | 13.17 | 70.82 | 455.7 | 10.49 | 79.01 | 719.53 | 3.02 | 108.28 | 1410.0 | 1.70 | 97.67 | 900.0 | 0.16 | 14.29 | 60.0 | 15.80 | 46.03 | 105.46 | 83.34 | 4.1 | 29.51 | 93.48 | -42.38 | -64.95 | 6.52 | 110.48 | 103.91 | 10.62 | 6.09 | -21.28 |
| 21Q2 (9) | 0.73 | 73.81 | 108.57 | 25.77 | 12.19 | 20.03 | 12.50 | 139.92 | 67.34 | 7.71 | 37.68 | 104.51 | 5.86 | 39.52 | 83.7 | 1.45 | 70.59 | 110.14 | 0.86 | 62.26 | 82.98 | 0.14 | 16.67 | 0.0 | 10.82 | 11.2 | 39.79 | 80.06 | 10.28 | 34.15 | 162.22 | 68.71 | -16.81 | -62.22 | -908.89 | 34.5 | 10.01 | -25.07 | 0 |
| 21Q1 (8) | 0.42 | 210.53 | 281.82 | 22.97 | 34.88 | -8.7 | 5.21 | 115.29 | 4636.36 | 5.60 | 295.8 | 53.01 | 4.20 | 211.41 | 172.73 | 0.85 | 213.33 | 304.76 | 0.53 | 229.27 | 178.95 | 0.12 | 0.0 | 33.33 | 9.73 | 553.02 | -5.81 | 72.60 | 4.24 | 22.06 | 96.15 | 213.64 | 0 | 7.69 | -96.0 | -92.31 | 13.36 | 38.02 | -31.17 |
| 20Q4 (7) | -0.38 | -480.0 | -150.67 | 17.03 | -32.95 | -31.88 | 2.42 | -62.48 | -74.5 | -2.86 | -220.68 | -195.33 | -3.77 | -394.53 | -153.63 | -0.75 | -475.0 | -150.34 | -0.41 | -341.18 | -141.41 | 0.12 | 20.0 | -7.69 | 1.49 | -80.62 | -79.76 | 69.65 | 8.24 | 24.09 | -84.62 | -131.73 | -126.44 | 192.31 | 215.38 | 187.41 | 9.68 | -28.24 | -1.83 |
| 20Q3 (6) | 0.10 | -71.43 | 11.11 | 25.40 | 18.3 | 36.05 | 6.45 | -13.65 | 180.43 | 2.37 | -37.14 | 85.16 | 1.28 | -59.87 | 58.02 | 0.20 | -71.01 | 17.65 | 0.17 | -63.83 | 6.25 | 0.10 | -28.57 | -23.08 | 7.69 | -0.65 | 35.63 | 64.35 | 7.83 | 7.9 | 266.67 | 36.75 | 45.45 | -166.67 | -75.44 | -100.0 | 13.49 | 0 | 23.76 |
| 20Q2 (5) | 0.35 | 218.18 | -65.69 | 21.47 | -14.67 | -35.23 | 7.47 | 6690.91 | -44.58 | 3.77 | 3.01 | -75.57 | 3.19 | 107.14 | -70.71 | 0.69 | 228.57 | -65.67 | 0.47 | 147.37 | -64.66 | 0.14 | 55.56 | 16.67 | 7.74 | -25.07 | -62.41 | 59.68 | 0.34 | 2.54 | 195.00 | 0 | 121.0 | -95.00 | -195.0 | -817.78 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.11 | -85.33 | 0.0 | 25.16 | 0.64 | 0.0 | 0.11 | -98.84 | 0.0 | 3.66 | 22.0 | 0.0 | 1.54 | -78.09 | 0.0 | 0.21 | -85.91 | 0.0 | 0.19 | -80.81 | 0.0 | 0.09 | -30.77 | 0.0 | 10.33 | 40.35 | 0.0 | 59.48 | 5.97 | 0.0 | 0.00 | -100.0 | 0.0 | 100.00 | 145.45 | 0.0 | 19.41 | 96.86 | 0.0 |
| 19Q4 (3) | 0.75 | 733.33 | 0.0 | 25.00 | 33.9 | 0.0 | 9.49 | 312.61 | 0.0 | 3.00 | 134.38 | 0.0 | 7.03 | 767.9 | 0.0 | 1.49 | 776.47 | 0.0 | 0.99 | 518.75 | 0.0 | 0.13 | 0.0 | 0.0 | 7.36 | 29.81 | 0.0 | 56.13 | -5.89 | 0.0 | 320.00 | 74.55 | 0.0 | -220.00 | -164.0 | 0.0 | 9.86 | -9.54 | 0.0 |
| 19Q3 (2) | 0.09 | -91.18 | 0.0 | 18.67 | -43.68 | 0.0 | 2.30 | -82.94 | 0.0 | 1.28 | -91.7 | 0.0 | 0.81 | -92.56 | 0.0 | 0.17 | -91.54 | 0.0 | 0.16 | -87.97 | 0.0 | 0.13 | 8.33 | 0.0 | 5.67 | -72.46 | 0.0 | 59.64 | 2.47 | 0.0 | 183.33 | 107.78 | 0.0 | -83.33 | -729.63 | 0.0 | 10.90 | -22.53 | 0.0 |
| 19Q2 (1) | 1.02 | 0.0 | 0.0 | 33.15 | 0.0 | 0.0 | 13.48 | 0.0 | 0.0 | 15.43 | 0.0 | 0.0 | 10.89 | 0.0 | 0.0 | 2.01 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 20.59 | 0.0 | 0.0 | 58.20 | 0.0 | 0.0 | 88.24 | 0.0 | 0.0 | 13.24 | 0.0 | 0.0 | 14.07 | 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) | 1.04 | -78.56 | 26.71 | -0.37 | 2.13 | -71.22 | 1.49 | -4.33 | 6.50 | -63.32 | 3.46 | -72.34 | 1.83 | -78.87 | 1.17 | -75.68 | 0.30 | -18.92 | 11.01 | -49.56 | 65.48 | -28.34 | 32.61 | -22.03 | 67.39 | 15.84 | 7.10 | 5.34 | 17.88 | 11.4 |
| 2022 (9) | 4.85 | 23.41 | 26.81 | 6.86 | 7.40 | -28.64 | 1.56 | 25.61 | 17.72 | 74.58 | 12.51 | 65.04 | 8.66 | 14.85 | 4.81 | 7.85 | 0.37 | -35.09 | 21.83 | 64.88 | 91.37 | 16.13 | 41.82 | -59.18 | 58.18 | 0 | 6.74 | -20.13 | 16.05 | 47.11 |
| 2021 (8) | 3.93 | 2083.33 | 25.09 | 14.93 | 10.37 | 135.15 | 1.24 | -41.66 | 10.15 | 534.38 | 7.58 | 1386.27 | 7.54 | 1937.84 | 4.46 | 1015.0 | 0.57 | 29.55 | 13.24 | 105.59 | 78.68 | 12.96 | 102.45 | -63.12 | -2.04 | 0 | 8.44 | -19.42 | 10.91 | -13.0 |
| 2020 (7) | 0.18 | -91.26 | 21.83 | -15.75 | 4.41 | -39.34 | 2.13 | -12.36 | 1.60 | -73.15 | 0.51 | -90.86 | 0.37 | -90.77 | 0.40 | -85.82 | 0.44 | -6.38 | 6.44 | -41.98 | 69.65 | 24.09 | 277.78 | 127.07 | -177.78 | 0 | 10.47 | -13.6 | 12.54 | 0.4 |
| 2019 (6) | 2.06 | -50.72 | 25.91 | -14.52 | 7.27 | -40.7 | 2.43 | 12.19 | 5.96 | -60.99 | 5.58 | -50.13 | 4.01 | -50.98 | 2.82 | -48.07 | 0.47 | 0.0 | 11.10 | -44.78 | 56.13 | 12.67 | 122.33 | 52.49 | -22.33 | 0 | 12.12 | -10.48 | 12.49 | -6.16 |
| 2018 (5) | 4.18 | -41.29 | 30.31 | -3.99 | 12.26 | -4.14 | 2.16 | -7.35 | 15.28 | -37.43 | 11.19 | -48.36 | 8.18 | -42.31 | 5.43 | -44.14 | 0.47 | 6.82 | 20.10 | -31.49 | 49.82 | -20.15 | 80.22 | 53.57 | 19.78 | -58.33 | 13.53 | 0 | 13.31 | 5.55 |
| 2017 (4) | 7.12 | 888.89 | 31.57 | -23.28 | 12.79 | -25.03 | 2.34 | -31.63 | 24.42 | 266.12 | 21.67 | 464.32 | 14.18 | 797.47 | 9.72 | 584.51 | 0.44 | 41.94 | 29.34 | 125.52 | 62.39 | 82.48 | 52.24 | -79.51 | 47.46 | 0 | 0.00 | 0 | 12.61 | -14.62 |
| 2016 (3) | 0.72 | -86.74 | 41.15 | 0.32 | 17.06 | -22.06 | 3.42 | 68.81 | 6.67 | -73.74 | 3.84 | -80.13 | 1.58 | -86.01 | 1.42 | -83.92 | 0.31 | -31.11 | 13.01 | -54.97 | 34.19 | 5.26 | 254.90 | 195.6 | -154.90 | 0 | 0.00 | 0 | 14.77 | 27.55 |
| 2015 (2) | 5.43 | -28.36 | 41.02 | -2.7 | 21.89 | -23.14 | 2.02 | 27.41 | 25.40 | -10.69 | 19.33 | -12.81 | 11.29 | -32.48 | 8.83 | -32.65 | 0.45 | -23.73 | 28.89 | -4.53 | 32.48 | 10.1 | 86.23 | -14.0 | 13.77 | 0 | 0.00 | 0 | 11.58 | 53.99 |
| 2014 (1) | 7.58 | 21.86 | 42.16 | 0 | 28.48 | 0 | 1.59 | -3.77 | 28.44 | 0 | 22.17 | 0 | 16.72 | 0 | 13.11 | 0 | 0.59 | 11.32 | 30.26 | 3.67 | 29.50 | 8.1 | 100.27 | 7.85 | 0.00 | 0 | 0.00 | 0 | 7.52 | -8.18 |
