- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q1 (20) | 0.27 | -6.9 | 68.75 | 16.82 | 4.93 | 25.9 | 11.64 | 16.63 | 61.89 | 12.69 | 6.46 | 37.04 | 10.15 | -5.23 | 36.98 | 2.48 | -9.82 | 52.15 | 2.00 | -9.91 | 44.93 | 0.20 | -4.76 | 5.26 | 19.03 | 7.7 | 21.21 | 25.37 | 6.55 | 38.11 | 92.31 | 9.72 | 19.11 | 7.69 | -51.54 | -65.81 | 13.45 | 11.99 | -7.43 |
| 24Q4 (19) | 0.29 | 123.08 | 383.33 | 16.03 | 24.36 | 10.1 | 9.98 | 30.46 | 25.22 | 11.92 | 64.19 | 203.31 | 10.71 | 136.42 | 240.0 | 2.75 | 123.58 | 329.69 | 2.22 | 119.8 | 303.64 | 0.21 | -4.55 | 16.67 | 17.67 | 41.36 | 62.26 | 23.81 | -2.86 | 32.28 | 84.13 | -19.88 | -56.58 | 15.87 | 417.46 | 115.87 | 12.01 | -2.52 | -22.67 |
| 24Q3 (18) | 0.13 | -31.58 | 116.67 | 12.89 | -17.11 | 46.31 | 7.65 | -15.66 | 906.58 | 7.26 | -29.72 | 48.16 | 4.53 | -45.16 | 15.56 | 1.23 | -34.57 | 95.24 | 1.01 | -36.08 | 83.64 | 0.22 | 15.79 | 57.14 | 12.50 | -25.33 | -10.2 | 24.51 | 29.2 | 70.68 | 105.00 | 20.37 | 687.5 | -5.00 | -139.17 | -105.77 | 12.32 | -17.48 | -31.25 |
| 24Q2 (17) | 0.19 | 18.75 | 2000.0 | 15.55 | 16.39 | 106.78 | 9.07 | 26.15 | 477.92 | 10.33 | 11.56 | 1187.37 | 8.26 | 11.47 | 1186.84 | 1.88 | 15.34 | 1980.0 | 1.58 | 14.49 | 1855.56 | 0.19 | 0.0 | 72.73 | 16.74 | 6.62 | 59.73 | 18.97 | 3.27 | 41.46 | 87.23 | 12.56 | -70.92 | 12.77 | -43.26 | 106.38 | 14.93 | 2.75 | -32.23 |
| 24Q1 (16) | 0.16 | 166.67 | 1500.0 | 13.36 | -8.24 | 36.19 | 7.19 | -9.79 | 346.58 | 9.26 | 135.62 | 1469.49 | 7.41 | 135.24 | 803.66 | 1.63 | 154.69 | 1258.33 | 1.38 | 150.91 | 1154.55 | 0.19 | 5.56 | 46.15 | 15.70 | 44.17 | 46.59 | 18.37 | 2.06 | 28.01 | 77.50 | -60.0 | -69.0 | 22.50 | 122.5 | 115.0 | 14.53 | -6.44 | -28.21 |
| 23Q4 (15) | 0.06 | 0.0 | 200.0 | 14.56 | 65.27 | 45.02 | 7.97 | 948.68 | 259.01 | 3.93 | -19.8 | 257.27 | 3.15 | -19.64 | 257.95 | 0.64 | 1.59 | 300.0 | 0.55 | 0.0 | 292.86 | 0.18 | 28.57 | 12.5 | 10.89 | -21.77 | 12.5 | 18.00 | 25.35 | 31.29 | 193.75 | 1353.12 | -3.12 | -100.00 | -215.38 | 0.0 | 15.53 | -13.34 | -6.78 |
| 23Q3 (14) | 0.06 | 700.0 | -45.45 | 8.81 | 17.15 | -30.08 | 0.76 | 131.67 | -75.56 | 4.90 | 615.79 | -48.48 | 3.92 | 615.79 | -48.42 | 0.63 | 730.0 | -44.74 | 0.55 | 711.11 | -43.88 | 0.14 | 27.27 | 7.69 | 13.92 | 32.82 | -30.4 | 14.36 | 7.08 | -9.29 | 13.33 | -95.56 | -60.0 | 86.67 | 143.33 | 30.0 | 17.92 | -18.66 | -7.82 |
| 23Q2 (13) | -0.01 | -200.0 | -105.56 | 7.52 | -23.34 | -51.86 | -2.40 | -249.07 | -130.23 | -0.95 | -261.02 | -107.84 | -0.76 | -192.68 | -107.84 | -0.10 | -183.33 | -105.21 | -0.09 | -181.82 | -105.52 | 0.11 | -15.38 | -35.29 | 10.48 | -2.15 | -47.47 | 13.41 | -6.55 | -23.94 | 300.00 | 20.0 | 365.52 | -200.00 | -33.33 | -700.0 | 22.03 | 8.84 | 33.35 |
| 23Q1 (12) | 0.01 | -50.0 | -91.67 | 9.81 | -2.29 | -33.58 | 1.61 | -27.48 | -73.61 | 0.59 | -46.36 | -93.17 | 0.82 | -6.82 | -88.29 | 0.12 | -25.0 | -90.63 | 0.11 | -21.43 | -89.91 | 0.13 | -18.75 | -18.75 | 10.71 | 10.64 | -36.48 | 14.35 | 4.67 | -20.76 | 250.00 | 25.0 | 245.24 | -150.00 | -50.0 | -583.33 | 20.24 | 21.49 | 12.38 |
| 22Q4 (11) | 0.02 | -81.82 | -60.0 | 10.04 | -20.32 | -11.46 | 2.22 | -28.62 | -32.52 | 1.10 | -88.43 | -72.36 | 0.88 | -88.42 | -72.84 | 0.16 | -85.96 | -71.93 | 0.14 | -85.71 | -71.43 | 0.16 | 23.08 | 6.67 | 9.68 | -51.6 | -24.2 | 13.71 | -13.39 | -21.43 | 200.00 | 500.0 | 136.36 | -100.00 | -250.0 | -750.0 | 16.66 | -14.3 | -8.26 |
| 22Q3 (10) | 0.11 | -38.89 | 57.14 | 12.60 | -19.33 | -2.25 | 3.11 | -60.83 | -29.8 | 9.51 | -21.47 | 89.44 | 7.60 | -21.57 | 89.53 | 1.14 | -40.63 | 46.15 | 0.98 | -39.88 | 46.27 | 0.13 | -23.53 | -23.53 | 20.00 | 0.25 | 53.49 | 15.83 | -10.21 | -7.97 | 33.33 | -48.28 | -62.5 | 66.67 | 100.0 | 500.0 | 19.44 | 17.68 | 14.69 |
| 22Q2 (9) | 0.18 | 50.0 | 200.0 | 15.62 | 5.75 | 17.44 | 7.94 | 30.16 | 35.03 | 12.11 | 40.16 | 189.71 | 9.69 | 38.43 | 190.12 | 1.92 | 50.0 | 186.57 | 1.63 | 49.54 | 185.96 | 0.17 | 6.25 | 0.0 | 19.95 | 18.33 | 66.53 | 17.63 | -2.65 | -1.78 | 64.44 | -11.01 | -53.97 | 33.33 | 7.41 | 183.33 | 16.52 | -8.27 | -2.31 |
| 22Q1 (8) | 0.12 | 140.0 | 50.0 | 14.77 | 30.25 | 6.03 | 6.10 | 85.41 | -4.98 | 8.64 | 117.09 | 56.52 | 7.00 | 116.05 | 58.37 | 1.28 | 124.56 | 39.13 | 1.09 | 122.45 | 37.97 | 0.16 | 6.67 | -11.11 | 16.86 | 32.03 | 30.29 | 18.11 | 3.78 | 15.72 | 72.41 | -14.42 | -39.66 | 31.03 | 101.72 | 306.9 | 18.01 | -0.83 | 3.68 |
| 21Q4 (7) | 0.05 | -28.57 | -28.57 | 11.34 | -12.02 | 3.37 | 3.29 | -25.73 | -26.07 | 3.98 | -20.72 | 158.44 | 3.24 | -19.2 | -8.22 | 0.57 | -26.92 | -25.0 | 0.49 | -26.87 | -24.62 | 0.15 | -11.76 | -16.67 | 12.77 | -2.0 | 47.8 | 17.45 | 1.45 | 6.66 | 84.62 | -4.81 | -70.14 | 15.38 | 38.46 | 108.39 | 18.16 | 7.14 | 20.19 |
| 21Q3 (6) | 0.07 | 16.67 | -53.33 | 12.89 | -3.08 | -6.66 | 4.43 | -24.66 | -40.93 | 5.02 | 20.1 | -25.52 | 4.01 | 20.06 | -49.5 | 0.78 | 16.42 | -51.85 | 0.67 | 17.54 | -51.45 | 0.17 | 0.0 | 0.0 | 13.03 | 8.76 | -9.07 | 17.20 | -4.18 | -5.18 | 88.89 | -36.51 | -20.99 | 11.11 | 127.78 | 188.89 | 16.95 | 0.24 | -1.17 |
| 21Q2 (5) | 0.06 | -25.0 | -57.14 | 13.30 | -4.52 | -5.0 | 5.88 | -8.41 | -21.81 | 4.18 | -24.28 | -28.3 | 3.34 | -24.43 | -53.35 | 0.67 | -27.17 | -55.92 | 0.57 | -27.85 | -56.49 | 0.17 | -5.56 | -5.56 | 11.98 | -7.42 | -9.38 | 17.95 | 14.7 | 9.05 | 140.00 | 16.67 | 8.89 | -40.00 | -166.67 | -40.0 | 16.91 | -2.65 | 0 |
| 21Q1 (4) | 0.08 | 14.29 | 0.0 | 13.93 | 26.98 | 0.0 | 6.42 | 44.27 | 0.0 | 5.52 | 258.44 | 0.0 | 4.42 | 25.21 | 0.0 | 0.92 | 21.05 | 0.0 | 0.79 | 21.54 | 0.0 | 0.18 | 0.0 | 0.0 | 12.94 | 49.77 | 0.0 | 15.65 | -4.34 | 0.0 | 120.00 | -57.65 | 0.0 | -15.00 | 91.82 | 0.0 | 17.37 | 14.96 | 0.0 |
| 20Q4 (3) | 0.07 | -53.33 | 0.0 | 10.97 | -20.56 | 0.0 | 4.45 | -40.67 | 0.0 | 1.54 | -77.15 | 0.0 | 3.53 | -55.54 | 0.0 | 0.76 | -53.09 | 0.0 | 0.65 | -52.9 | 0.0 | 0.18 | 5.88 | 0.0 | 8.64 | -39.71 | 0.0 | 16.36 | -9.81 | 0.0 | 283.33 | 151.85 | 0.0 | -183.33 | -1366.67 | 0.0 | 15.11 | -11.9 | 0.0 |
| 20Q3 (2) | 0.15 | 7.14 | 0.0 | 13.81 | -1.36 | 0.0 | 7.50 | -0.27 | 0.0 | 6.74 | 15.61 | 0.0 | 7.94 | 10.89 | 0.0 | 1.62 | 6.58 | 0.0 | 1.38 | 5.34 | 0.0 | 0.17 | -5.56 | 0.0 | 14.33 | 8.4 | 0.0 | 18.14 | 10.21 | 0.0 | 112.50 | -12.5 | 0.0 | -12.50 | 56.25 | 0.0 | 17.15 | 0 | 0.0 |
| 20Q2 (1) | 0.14 | 0.0 | 0.0 | 14.00 | 0.0 | 0.0 | 7.52 | 0.0 | 0.0 | 5.83 | 0.0 | 0.0 | 7.16 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 13.22 | 0.0 | 0.0 | 16.46 | 0.0 | 0.0 | 128.57 | 0.0 | 0.0 | -28.57 | 0.0 | 0.0 | 0.00 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 0.78 | 500.0 | 14.46 | 36.16 | 8.50 | 224.43 | 5.89 | -35.23 | 9.67 | 297.94 | 7.69 | 280.69 | 7.49 | 480.62 | 6.19 | 452.68 | 0.80 | 45.45 | 15.58 | 35.13 | 23.81 | 32.28 | 88.42 | -17.11 | 12.11 | 0 | 0.00 | 0 | 13.32 | -28.04 |
| 2023 (9) | 0.13 | -69.77 | 10.62 | -20.33 | 2.62 | -47.39 | 9.09 | 4.62 | 2.43 | -69.08 | 2.02 | -67.99 | 1.29 | -71.27 | 1.12 | -71.28 | 0.55 | -11.29 | 11.53 | -30.33 | 18.00 | 31.29 | 106.67 | 67.16 | -6.67 | 0 | 0.00 | 0 | 18.51 | 5.41 |
| 2022 (8) | 0.43 | 59.26 | 13.33 | 3.25 | 4.98 | -1.78 | 8.69 | 8.92 | 7.86 | 67.23 | 6.31 | 67.37 | 4.49 | 52.72 | 3.90 | 54.76 | 0.62 | -7.46 | 16.55 | 30.52 | 13.71 | -21.43 | 63.81 | -40.68 | 36.19 | 0 | 0.00 | 0 | 17.56 | 1.33 |
| 2021 (7) | 0.27 | -44.9 | 12.91 | 2.79 | 5.07 | -15.64 | 7.98 | 9.12 | 4.70 | -8.74 | 3.77 | -42.88 | 2.94 | -47.12 | 2.52 | -46.84 | 0.67 | -6.94 | 12.68 | 2.18 | 17.45 | 6.66 | 107.58 | -7.26 | -7.58 | 0 | 0.00 | 0 | 17.33 | 3.77 |
| 2020 (6) | 0.49 | -15.52 | 12.56 | -7.99 | 6.01 | -15.71 | 7.31 | 13.89 | 5.15 | -24.6 | 6.60 | -14.17 | 5.56 | -21.25 | 4.74 | -18.42 | 0.72 | -4.0 | 12.41 | -6.27 | 16.36 | -11.47 | 116.00 | 10.53 | -16.00 | 0 | 0.00 | 0 | 16.70 | 5.03 |
| 2019 (5) | 0.58 | -32.56 | 13.65 | -11.82 | 7.13 | -23.09 | 6.42 | 28.85 | 6.83 | -34.26 | 7.69 | -25.56 | 7.06 | -38.07 | 5.81 | -30.5 | 0.75 | -6.25 | 13.24 | -14.91 | 18.48 | -29.28 | 104.95 | 17.46 | -4.95 | 0 | 0.00 | 0 | 15.90 | 10.72 |
| 2018 (4) | 0.86 | 36.51 | 15.48 | 3.2 | 9.27 | 0.43 | 4.98 | 1.73 | 10.39 | 31.02 | 10.33 | 31.09 | 11.40 | 23.78 | 8.36 | 33.33 | 0.80 | 5.26 | 15.56 | 17.79 | 26.13 | -49.89 | 89.35 | -23.15 | 10.65 | 0 | 0.00 | 0 | 14.36 | 5.28 |
| 2017 (3) | 0.63 | 600.0 | 15.00 | 89.63 | 9.23 | 739.09 | 4.90 | -23.58 | 7.93 | 466.43 | 7.88 | 436.05 | 9.21 | 557.86 | 6.27 | 405.65 | 0.76 | 20.63 | 13.21 | 56.7 | 52.15 | -3.96 | 116.26 | 52.03 | -16.26 | 0 | 0.00 | 0 | 13.64 | -11.66 |
| 2016 (2) | 0.09 | 0 | 7.91 | 0 | 1.10 | 0 | 6.41 | -23.1 | 1.40 | 0 | 1.47 | 0 | 1.40 | 0 | 1.24 | 0 | 0.63 | 26.0 | 8.43 | 626.72 | 54.30 | 19.21 | 76.47 | -35.56 | 23.53 | 0 | 0.00 | 0 | 15.44 | -9.28 |
| 2015 (1) | -0.40 | 0 | -2.29 | 0 | -9.43 | 0 | 8.33 | 3.96 | -7.94 | 0 | -8.16 | 0 | -6.05 | 0 | -3.80 | 0 | 0.50 | 0.0 | 1.16 | 0 | 45.55 | -6.16 | 118.67 | 7.63 | -18.67 | 0 | 0.00 | 0 | 17.02 | 1.49 |
