- 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) | 0.31 | 293.75 | 34.78 | 19.28 | 29.05 | -23.64 | -6.79 | -285.8 | -198.26 | 27.60 | 299.71 | 73.26 | 22.59 | 311.12 | 63.1 | 1.80 | 295.65 | 37.4 | 1.35 | 328.81 | 45.16 | 0.06 | 0.0 | 0.0 | 35.25 | 613.1 | 55.97 | 41.55 | 1.81 | -19.79 | -23.53 | -311.76 | -154.12 | 123.53 | 38.97 | 118.55 | 0.00 | -100.0 | -100.0 |
| 23Q4 (19) | -0.16 | -138.1 | -245.45 | 14.94 | -44.0 | -28.89 | -1.76 | -247.9 | -160.48 | -13.82 | -138.26 | -581.53 | -10.70 | -135.63 | -300.37 | -0.92 | -137.7 | -246.03 | -0.59 | -134.91 | -228.26 | 0.06 | 20.0 | -25.0 | -6.87 | -115.94 | -182.47 | 40.81 | 2.23 | -21.71 | 11.11 | 388.89 | -88.89 | 88.89 | -9.04 | 0 | 24.24 | -28.6 | -4.53 |
| 23Q3 (18) | 0.42 | 16.67 | -54.35 | 26.68 | 39.32 | -6.48 | 1.19 | 177.78 | -88.08 | 36.12 | 36.1 | -28.21 | 30.03 | 37.37 | -26.99 | 2.44 | 17.87 | -55.06 | 1.69 | 20.71 | -49.1 | 0.05 | -16.67 | -37.5 | 43.09 | 30.18 | -23.61 | 39.92 | -33.64 | -30.44 | 2.27 | 143.18 | -88.28 | 97.73 | -9.42 | 21.23 | 33.95 | 14.66 | 29.83 |
| 23Q2 (17) | 0.36 | 56.52 | -18.18 | 19.15 | -24.16 | -32.19 | -1.53 | -122.14 | -113.85 | 26.54 | 66.6 | -0.26 | 21.86 | 57.83 | 12.74 | 2.07 | 58.02 | -21.89 | 1.40 | 50.54 | -7.28 | 0.06 | 0.0 | -25.0 | 33.10 | 46.46 | 2.92 | 60.16 | 16.14 | -22.38 | -5.26 | -112.11 | -112.68 | 107.89 | 90.89 | 84.47 | 29.61 | 33.08 | 20.32 |
| 23Q1 (16) | 0.23 | 109.09 | -67.61 | 25.25 | 20.18 | -10.49 | 6.91 | 137.46 | -42.08 | 15.93 | 455.05 | -59.51 | 13.85 | 159.36 | -56.31 | 1.31 | 107.94 | -69.39 | 0.93 | 102.17 | -58.48 | 0.06 | -25.0 | -14.29 | 22.60 | 171.31 | -50.23 | 51.80 | -0.63 | -38.88 | 43.48 | -56.52 | 45.56 | 56.52 | 0 | -19.4 | 22.25 | -12.37 | -2.92 |
| 22Q4 (15) | 0.11 | -88.04 | -65.62 | 21.01 | -26.36 | -31.79 | 2.91 | -70.84 | -80.84 | 2.87 | -94.3 | -84.9 | 5.34 | -87.02 | -60.12 | 0.63 | -88.4 | -68.5 | 0.46 | -86.14 | -54.46 | 0.08 | 0.0 | 14.29 | 8.33 | -85.23 | -65.86 | 52.13 | -9.17 | -52.0 | 100.00 | 415.79 | 25.0 | 0.00 | -100.0 | -100.0 | 25.39 | -2.91 | 7.81 |
| 22Q3 (14) | 0.92 | 109.09 | 196.77 | 28.53 | 1.03 | -13.81 | 9.98 | -9.68 | -44.28 | 50.31 | 89.06 | 193.18 | 41.13 | 112.12 | 206.94 | 5.43 | 104.91 | 175.63 | 3.32 | 119.87 | 228.71 | 0.08 | 0.0 | 14.29 | 56.41 | 75.4 | 150.16 | 57.39 | -25.96 | -47.37 | 19.39 | -53.29 | -81.66 | 80.61 | 37.82 | 1510.71 | 26.15 | 6.26 | 10.15 |
| 22Q2 (13) | 0.44 | -38.03 | 528.57 | 28.24 | 0.11 | -10.6 | 11.05 | -7.38 | -32.74 | 26.61 | -32.36 | 549.02 | 19.39 | -38.83 | 529.55 | 2.65 | -38.08 | 488.89 | 1.51 | -32.59 | 403.33 | 0.08 | 14.29 | 0.0 | 32.16 | -29.18 | 234.3 | 77.51 | -8.54 | -24.22 | 41.51 | 38.97 | -89.01 | 58.49 | -16.6 | 120.25 | 24.61 | 7.37 | 5.85 |
| 22Q1 (12) | 0.71 | 121.87 | 222.73 | 28.21 | -8.41 | -5.08 | 11.93 | -21.46 | -15.51 | 39.34 | 106.94 | 187.15 | 31.70 | 136.74 | 197.37 | 4.28 | 114.0 | 219.4 | 2.24 | 121.78 | 187.18 | 0.07 | 0.0 | 0.0 | 45.41 | 86.11 | 132.28 | 84.75 | -21.97 | -1.32 | 29.87 | -62.66 | -70.13 | 70.13 | 250.65 | 1853.25 | 22.92 | -2.68 | 2.96 |
| 21Q4 (11) | 0.32 | 3.23 | 190.91 | 30.80 | -6.95 | 27.64 | 15.19 | -15.19 | 107.51 | 19.01 | 10.78 | 256.66 | 13.39 | -0.07 | 139.11 | 2.00 | 1.52 | 198.51 | 1.01 | 0.0 | 129.55 | 0.07 | 0.0 | 0.0 | 24.40 | 8.2 | 103.67 | 108.61 | -0.4 | 35.37 | 80.00 | -24.32 | -40.0 | 20.00 | 450.0 | 160.0 | 23.55 | -0.8 | -5.61 |
| 21Q3 (10) | 0.31 | 342.86 | 244.44 | 33.10 | 4.78 | 21.74 | 17.91 | 9.01 | 147.72 | 17.16 | 318.54 | 154.6 | 13.40 | 335.06 | 145.87 | 1.97 | 337.78 | 233.9 | 1.01 | 236.67 | 152.5 | 0.07 | -12.5 | 16.67 | 22.55 | 134.41 | 58.91 | 109.05 | 6.62 | 46.34 | 105.71 | -72.02 | -3.9 | -5.71 | 98.02 | 42.86 | 23.74 | 2.11 | -19.66 |
| 21Q2 (9) | 0.07 | -68.18 | -41.67 | 31.59 | 6.29 | 21.59 | 16.43 | 16.36 | 81.75 | 4.10 | -70.07 | -38.81 | 3.08 | -71.11 | -51.5 | 0.45 | -66.42 | -38.36 | 0.30 | -61.54 | -41.18 | 0.08 | 14.29 | 14.29 | 9.62 | -50.79 | -30.89 | 102.28 | 19.1 | 50.72 | 377.78 | 277.78 | 196.83 | -288.89 | -7122.22 | -694.44 | 23.25 | 4.45 | 0 |
| 21Q1 (8) | 0.22 | 100.0 | 175.0 | 29.72 | 23.17 | 22.56 | 14.12 | 92.9 | 254.77 | 13.70 | 157.04 | 71.25 | 10.66 | 90.36 | 114.92 | 1.34 | 100.0 | 185.11 | 0.78 | 77.27 | 105.26 | 0.07 | 0.0 | 16.67 | 19.55 | 63.19 | 19.94 | 85.88 | 7.04 | 82.37 | 100.00 | -25.0 | 120.0 | -4.00 | 88.0 | -108.8 | 22.26 | -10.78 | -20.3 |
| 20Q4 (7) | 0.11 | 22.22 | 222.22 | 24.13 | -11.25 | 7.72 | 7.32 | 1.24 | 14.91 | 5.33 | -20.92 | 198.34 | 5.60 | 2.75 | 219.15 | 0.67 | 13.56 | 219.64 | 0.44 | 10.0 | 241.94 | 0.07 | 16.67 | -12.5 | 11.98 | -15.57 | 923.93 | 80.23 | 7.66 | 59.79 | 133.33 | 21.21 | 209.09 | -33.33 | -233.33 | -115.0 | 24.95 | -15.57 | 3.83 |
| 20Q3 (6) | 0.09 | -25.0 | -73.53 | 27.19 | 4.66 | -3.38 | 7.23 | -20.02 | -39.8 | 6.74 | 0.6 | -66.81 | 5.45 | -14.17 | -66.87 | 0.59 | -19.18 | -71.63 | 0.40 | -21.57 | -71.01 | 0.06 | -14.29 | -25.0 | 14.19 | 1.94 | -45.96 | 74.52 | 9.81 | 34.73 | 110.00 | -13.57 | 80.0 | -10.00 | 72.5 | -124.0 | 29.55 | 0 | 22.11 |
| 20Q2 (5) | 0.12 | 50.0 | -65.71 | 25.98 | 7.13 | 11.5 | 9.04 | 127.14 | 44.64 | 6.70 | -16.25 | -70.92 | 6.35 | 28.02 | -65.92 | 0.73 | 55.32 | -65.89 | 0.51 | 34.21 | -63.57 | 0.07 | 16.67 | 0.0 | 13.92 | -14.6 | -53.69 | 67.86 | 44.11 | 14.59 | 127.27 | 180.0 | 383.64 | -36.36 | -180.0 | -151.18 | 0.00 | -100.0 | -100.0 |
| 20Q1 (4) | 0.08 | 188.89 | 0.0 | 24.25 | 8.26 | 0.0 | 3.98 | -37.52 | 0.0 | 8.00 | 247.6 | 0.0 | 4.96 | 205.53 | 0.0 | 0.47 | 183.93 | 0.0 | 0.38 | 222.58 | 0.0 | 0.06 | -25.0 | 0.0 | 16.30 | 1293.16 | 0.0 | 47.09 | -6.21 | 0.0 | 45.45 | 137.19 | 0.0 | 45.45 | -79.55 | 0.0 | 27.93 | 16.23 | 0.0 |
| 19Q4 (3) | -0.09 | -126.47 | 0.0 | 22.40 | -20.4 | 0.0 | 6.37 | -46.96 | 0.0 | -5.42 | -126.69 | 0.0 | -4.70 | -128.57 | 0.0 | -0.56 | -126.92 | 0.0 | -0.31 | -122.46 | 0.0 | 0.08 | 0.0 | 0.0 | 1.17 | -95.54 | 0.0 | 50.21 | -9.22 | 0.0 | -122.22 | -300.0 | 0.0 | 222.22 | 433.33 | 0.0 | 24.03 | -0.7 | 0.0 |
| 19Q3 (2) | 0.34 | -2.86 | 0.0 | 28.14 | 20.77 | 0.0 | 12.01 | 92.16 | 0.0 | 20.31 | -11.85 | 0.0 | 16.45 | -11.7 | 0.0 | 2.08 | -2.8 | 0.0 | 1.38 | -1.43 | 0.0 | 0.08 | 14.29 | 0.0 | 26.26 | -12.64 | 0.0 | 55.31 | -6.6 | 0.0 | 61.11 | 132.22 | 0.0 | 41.67 | -41.36 | 0.0 | 24.20 | -3.59 | 0.0 |
| 19Q2 (1) | 0.35 | 0.0 | 0.0 | 23.30 | 0.0 | 0.0 | 6.25 | 0.0 | 0.0 | 23.04 | 0.0 | 0.0 | 18.63 | 0.0 | 0.0 | 2.14 | 0.0 | 0.0 | 1.40 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 30.06 | 0.0 | 0.0 | 59.22 | 0.0 | 0.0 | 26.32 | 0.0 | 0.0 | 71.05 | 0.0 | 0.0 | 25.10 | 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) | 0.85 | -61.19 | 21.48 | -19.31 | 1.30 | -85.71 | 5.32 | 10.74 | 16.16 | -46.68 | 13.73 | -44.53 | 4.92 | -61.86 | 3.63 | -51.08 | 0.24 | -17.24 | 22.94 | -36.45 | 40.81 | -21.71 | 7.95 | -73.52 | 92.05 | 31.57 | 0.00 | 0 | 27.32 | 10.38 |
| 2022 (9) | 2.19 | 135.48 | 26.62 | -15.09 | 9.10 | -42.98 | 4.81 | 3.9 | 30.31 | 124.85 | 24.75 | 144.81 | 12.90 | 126.71 | 7.42 | 134.81 | 0.29 | 0.0 | 36.10 | 90.0 | 52.13 | -52.0 | 30.04 | -74.65 | 69.96 | 0 | 0.00 | 0 | 24.75 | 6.54 |
| 2021 (8) | 0.93 | 138.46 | 31.35 | 23.52 | 15.96 | 128.0 | 4.62 | -28.02 | 13.48 | 103.63 | 10.11 | 79.89 | 5.69 | 138.08 | 3.16 | 91.52 | 0.29 | 11.54 | 19.00 | 35.71 | 108.61 | 35.37 | 118.52 | 12.87 | -18.52 | 0 | 0.00 | 0 | 23.23 | -14.19 |
| 2020 (7) | 0.39 | -58.06 | 25.38 | 0.99 | 7.00 | -5.41 | 6.43 | 7.08 | 6.62 | -55.39 | 5.62 | -54.53 | 2.39 | -57.77 | 1.65 | -56.92 | 0.26 | -10.34 | 14.00 | -35.93 | 80.23 | 59.79 | 105.00 | 110.0 | -5.00 | 0 | 0.00 | 0 | 27.07 | 4.92 |
| 2019 (6) | 0.93 | -37.16 | 25.13 | -9.47 | 7.40 | -28.85 | 6.00 | 8.3 | 14.84 | -32.42 | 12.36 | -29.97 | 5.66 | -38.74 | 3.83 | -35.52 | 0.29 | -9.38 | 21.85 | -23.04 | 50.21 | -22.31 | 50.00 | 6.0 | 50.00 | -4.22 | 0.00 | 0 | 25.80 | -2.35 |
| 2018 (5) | 1.48 | 196.0 | 27.76 | 1.24 | 10.40 | -7.88 | 5.54 | -0.85 | 21.96 | 252.49 | 17.65 | 186.99 | 9.24 | 197.11 | 5.94 | 159.39 | 0.32 | -3.03 | 28.39 | 120.25 | 64.63 | 8.99 | 47.17 | -74.33 | 52.20 | 0 | 0.00 | 0 | 26.42 | 8.32 |
| 2017 (4) | 0.50 | -47.92 | 27.42 | 1.9 | 11.29 | 17.85 | 5.59 | -18.35 | 6.23 | -59.17 | 6.15 | -52.1 | 3.11 | -46.38 | 2.29 | -43.18 | 0.33 | 13.79 | 12.89 | -44.37 | 59.30 | 22.22 | 183.72 | 190.4 | -81.40 | 0 | 0.00 | 0 | 24.39 | 3.3 |
| 2016 (3) | 0.96 | -21.31 | 26.91 | 0.86 | 9.58 | 5.74 | 6.84 | -5.98 | 15.26 | -21.01 | 12.84 | -21.99 | 5.80 | -17.73 | 4.03 | -18.42 | 0.29 | 0.0 | 23.17 | -16.8 | 48.52 | -16.14 | 63.27 | 35.41 | 37.76 | -29.14 | 0.00 | 0 | 23.61 | -2.84 |
| 2015 (2) | 1.22 | -15.86 | 26.68 | 7.32 | 9.06 | 4.62 | 7.28 | -3.95 | 19.32 | -7.47 | 16.46 | -8.81 | 7.05 | -13.81 | 4.94 | -15.56 | 0.29 | -6.45 | 27.85 | -5.82 | 57.86 | 39.09 | 46.72 | 13.58 | 53.28 | -8.39 | 0.00 | 0 | 24.30 | 5.15 |
| 2014 (1) | 1.45 | 0.0 | 24.86 | 0 | 8.66 | 0 | 7.58 | -23.9 | 20.88 | 0 | 18.05 | 0 | 8.18 | 0 | 5.85 | 0 | 0.31 | -8.82 | 29.57 | -1.47 | 41.60 | -19.41 | 41.13 | -43.49 | 58.16 | 108.14 | 0.00 | 0 | 23.11 | 4.05 |
