- 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) | 0.74 | 572.73 | 311.11 | 16.42 | 1.73 | 12.39 | -7.02 | -646.81 | -93.92 | 69.27 | 456.39 | 286.98 | 65.81 | 541.42 | 299.82 | 2.29 | 554.29 | 324.07 | 1.53 | 363.64 | 247.73 | 0.02 | 0.0 | 0.0 | 90.08 | 161.71 | 125.65 | 60.31 | -6.47 | -5.84 | -10.06 | -32.16 | 50.84 | 110.24 | 2.45 | -8.48 | 22.66 | 34.16 | 25.19 |
| 24Q2 (19) | 0.11 | 283.33 | 0 | 16.14 | 8.25 | 49.31 | -0.94 | 66.43 | 84.36 | 12.45 | 391.57 | 1263.55 | 10.26 | 264.69 | 102500.0 | 0.35 | 275.0 | 0 | 0.33 | 3400.0 | 200.0 | 0.02 | 0.0 | 0.0 | 34.42 | 83.67 | 53.11 | 64.48 | -0.69 | 5.31 | -7.61 | -111.41 | -101.38 | 107.61 | 222.83 | 123.91 | 16.89 | -8.9 | -10.16 |
| 24Q1 (18) | -0.06 | 25.0 | -300.0 | 14.91 | 1.08 | 54.99 | -2.80 | -6.46 | 67.56 | -4.27 | 49.35 | -209.21 | -6.23 | 3.71 | -256.93 | -0.20 | 13.04 | -266.67 | -0.01 | 66.67 | -105.88 | 0.02 | 0.0 | 0.0 | 18.74 | 57.08 | -36.45 | 64.93 | 3.64 | 4.15 | 66.67 | 112.7 | 129.76 | 33.33 | -51.45 | -89.84 | 18.54 | 14.37 | 4.04 |
| 23Q4 (17) | -0.08 | -144.44 | -260.0 | 14.75 | 0.96 | 25.11 | -2.63 | 27.35 | 75.63 | -8.43 | -147.09 | -222.89 | -6.47 | -139.31 | -217.21 | -0.23 | -142.59 | -235.29 | -0.03 | -106.82 | -115.0 | 0.02 | 0.0 | 0.0 | 11.93 | -70.12 | -63.03 | 62.65 | -2.19 | -4.66 | 31.34 | 253.23 | 119.87 | 68.66 | -43.0 | -73.37 | 16.21 | -10.44 | -23.72 |
| 23Q3 (16) | 0.18 | 0 | -56.1 | 14.61 | 35.15 | 89.49 | -3.62 | 39.77 | 81.18 | 17.90 | 1772.9 | -66.62 | 16.46 | 164500.0 | -67.42 | 0.54 | 0 | -58.14 | 0.44 | 300.0 | -50.0 | 0.02 | 0.0 | 0.0 | 39.92 | 77.58 | -51.62 | 64.05 | 4.61 | -0.47 | -20.45 | -103.72 | 42.95 | 120.45 | 126.77 | -11.34 | 18.10 | -3.72 | -24.52 |
| 23Q2 (15) | 0.00 | -100.0 | 100.0 | 10.81 | 12.37 | 1434.57 | -6.01 | 30.36 | 73.07 | -1.07 | -127.37 | 98.69 | 0.01 | -99.75 | 100.01 | 0.00 | -100.0 | 100.0 | 0.11 | -35.29 | 111.11 | 0.02 | 0.0 | 100.0 | 22.48 | -23.77 | 146.12 | 61.23 | -1.78 | -5.86 | 550.00 | 345.54 | 1903.91 | -450.00 | -237.2 | -720.23 | 18.80 | 5.5 | -11.53 |
| 23Q1 (14) | 0.03 | -40.0 | 125.0 | 9.62 | -18.41 | 221.74 | -8.63 | 20.02 | 55.88 | 3.91 | -43.0 | 139.1 | 3.97 | -28.08 | 126.34 | 0.12 | -29.41 | 141.38 | 0.17 | -15.0 | 254.55 | 0.02 | 0.0 | 100.0 | 29.49 | -8.61 | 30.43 | 62.34 | -5.13 | 15.06 | -224.00 | -41.97 | -214.24 | 328.00 | 27.24 | 441.39 | 17.82 | -16.14 | -10.05 |
| 22Q4 (13) | 0.05 | -87.8 | -44.44 | 11.79 | 52.92 | 140.12 | -10.79 | 43.89 | 29.34 | 6.86 | -87.21 | -67.47 | 5.52 | -89.07 | -53.77 | 0.17 | -86.82 | -34.62 | 0.20 | -77.27 | -16.67 | 0.02 | 0.0 | 100.0 | 32.27 | -60.89 | -36.48 | 65.71 | 2.11 | 18.76 | -157.78 | -340.04 | -118.32 | 257.78 | 89.74 | 49.64 | 21.25 | -11.38 | -15.07 |
| 22Q3 (12) | 0.41 | 166.13 | -70.07 | 7.71 | 1051.85 | 229.49 | -19.23 | 13.84 | 24.65 | 53.63 | 165.88 | -69.41 | 50.52 | 162.03 | -70.35 | 1.29 | 175.0 | -63.56 | 0.88 | 188.89 | -63.03 | 0.02 | 100.0 | 100.0 | 82.51 | 269.29 | -59.96 | 64.35 | -1.06 | 19.48 | -35.86 | -230.64 | -146.22 | 135.86 | 87.25 | 18.59 | 23.98 | 12.85 | 3.99 |
| 22Q2 (11) | -0.62 | -416.67 | -148.0 | -0.81 | -127.09 | -2800.0 | -22.32 | -14.11 | 23.77 | -81.41 | -714.1 | -161.77 | -81.44 | -440.41 | -190.55 | -1.72 | -493.1 | -196.55 | -0.99 | -800.0 | -230.0 | 0.01 | 0.0 | 0.0 | -48.74 | -315.57 | -27177.78 | 65.04 | 20.04 | 20.89 | 27.45 | -86.0 | -70.85 | 72.55 | 175.52 | 1140.67 | 21.25 | 7.27 | -20.44 |
| 22Q1 (10) | -0.12 | -233.33 | 40.0 | 2.99 | -39.1 | 259.04 | -19.56 | -28.09 | 21.26 | -10.00 | -147.42 | 50.86 | -15.07 | -226.21 | 31.78 | -0.29 | -211.54 | 38.3 | -0.11 | -145.83 | 47.62 | 0.01 | 0.0 | 0.0 | 22.61 | -55.49 | 89.52 | 54.18 | -2.08 | -2.71 | 196.08 | 371.32 | 61.22 | -96.08 | -155.77 | -344.36 | 19.81 | -20.82 | -1.83 |
| 21Q4 (9) | 0.09 | -93.43 | -95.34 | 4.91 | 109.83 | 127.54 | -15.27 | 40.16 | -106.68 | 21.09 | -87.97 | -90.73 | 11.94 | -92.99 | -94.46 | 0.26 | -92.66 | -94.97 | 0.24 | -89.92 | -92.64 | 0.01 | 0.0 | 0.0 | 50.80 | -75.35 | -80.45 | 55.33 | 2.73 | -11.43 | -72.27 | -396.28 | -171.94 | 172.27 | 50.37 | 37769.47 | 25.02 | 8.5 | -20.95 |
| 21Q3 (8) | 1.37 | 648.0 | 47.31 | 2.34 | 7700.0 | 162.57 | -25.52 | 12.84 | 29.93 | 175.32 | 663.73 | 31.6 | 170.38 | 707.85 | 29.15 | 3.54 | 710.34 | 24.21 | 2.38 | 893.33 | 32.96 | 0.01 | 0.0 | 0.0 | 206.07 | 114383.33 | 20.54 | 53.86 | 0.11 | -14.89 | -14.56 | -115.47 | 46.66 | 114.56 | 1859.01 | -10.01 | 23.06 | -13.67 | 9.34 |
| 21Q2 (7) | -0.25 | -25.0 | -213.64 | 0.03 | 101.6 | 104.84 | -29.28 | -17.87 | 8.21 | -31.10 | -52.83 | -144.44 | -28.03 | -26.89 | -185.74 | -0.58 | -23.4 | -178.38 | -0.30 | -42.86 | -155.56 | 0.01 | 0.0 | 0.0 | 0.18 | -98.49 | -99.83 | 53.80 | -3.39 | -23.88 | 94.15 | -22.59 | 306.07 | 5.85 | 127.05 | -95.98 | 26.71 | 32.36 | 0 |
| 21Q1 (6) | -0.20 | -110.36 | 39.39 | -1.88 | 89.46 | 52.16 | -24.84 | -110.87 | 22.57 | -20.35 | -108.95 | 51.0 | -22.09 | -110.24 | 48.91 | -0.47 | -109.09 | 50.53 | -0.21 | -106.44 | 58.82 | 0.01 | 0.0 | 0.0 | 11.93 | -95.41 | 268.74 | 55.69 | -10.85 | -19.24 | 121.62 | 21.07 | 57.57 | -21.62 | -4627.93 | -194.77 | 20.18 | -36.24 | 0 |
| 20Q4 (5) | 1.93 | 107.53 | 765.52 | -17.83 | -376.74 | -341.93 | 228.49 | 727.38 | 670.37 | 227.47 | 70.75 | 960.33 | 215.70 | 63.51 | 698.34 | 5.17 | 81.4 | 789.33 | 3.26 | 82.12 | 915.0 | 0.01 | 0.0 | 0.0 | 259.79 | 51.96 | 15116.76 | 62.47 | -1.28 | -1.68 | 100.46 | 467.97 | -33.67 | -0.46 | -100.36 | 99.11 | 31.65 | 50.07 | 75.54 |
| 20Q3 (4) | 0.93 | 322.73 | 0.0 | -3.74 | -503.23 | 0.0 | -36.42 | -14.17 | 0.0 | 133.22 | 90.37 | 0.0 | 131.92 | 303.55 | 0.0 | 2.85 | 285.14 | 0.0 | 1.79 | 231.48 | 0.0 | 0.01 | 0.0 | 0.0 | 170.96 | 56.77 | 0.0 | 63.28 | -10.47 | 0.0 | -27.30 | 40.25 | 0.0 | 127.30 | -12.45 | 0.0 | 21.09 | 0 | 0.0 |
| 20Q2 (3) | 0.22 | 166.67 | 0.0 | -0.62 | 84.22 | 0.0 | -31.90 | 0.56 | 0.0 | 69.98 | 268.5 | 0.0 | 32.69 | 175.6 | 0.0 | 0.74 | 177.89 | 0.0 | 0.54 | 205.88 | 0.0 | 0.01 | 0.0 | 0.0 | 109.05 | 1642.43 | 0.0 | 70.68 | 2.49 | 0.0 | -45.69 | -159.2 | 0.0 | 145.40 | 537.3 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.33 | -13.79 | 0.0 | -3.93 | -153.32 | 0.0 | -32.08 | 19.92 | 0.0 | -41.53 | -57.07 | 0.0 | -43.24 | -19.94 | 0.0 | -0.95 | -26.67 | 0.0 | -0.51 | -27.5 | 0.0 | 0.01 | 0.0 | 0.0 | -7.07 | -308.67 | 0.0 | 68.96 | 8.53 | 0.0 | 77.18 | -49.04 | 0.0 | 22.82 | 144.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 7.37 | 0.0 | 0.0 | -40.06 | 0.0 | 0.0 | -26.44 | 0.0 | 0.0 | -36.05 | 0.0 | 0.0 | -0.75 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -1.73 | 0.0 | 0.0 | 63.54 | 0.0 | 0.0 | 151.45 | 0.0 | 0.0 | -51.45 | 0.0 | 0.0 | 18.03 | 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) | 0.12 | 0 | 12.59 | 114.12 | -5.07 | 0 | 15.66 | -28.69 | 2.84 | 0 | 3.30 | 0 | 0.43 | 0 | 0.71 | 0 | 0.08 | 33.33 | 25.58 | 5.62 | 62.65 | -4.66 | -178.31 | 0 | 277.11 | 0 | 0.01 | -42.87 | 17.69 | -18.14 |
| 2022 (9) | -0.28 | 0 | 5.88 | 323.02 | -17.54 | 0 | 21.96 | -7.14 | -5.38 | 0 | -7.72 | 0 | -0.73 | 0 | -0.10 | 0 | 0.06 | 20.0 | 24.22 | -64.32 | 65.71 | 18.76 | 326.45 | 0 | -226.45 | 0 | 0.02 | -3.39 | 21.61 | -9.05 |
| 2021 (8) | 1.02 | -62.77 | 1.39 | 0 | -23.67 | 0 | 23.65 | -14.62 | 36.91 | -63.92 | 33.67 | -62.29 | 2.94 | -61.01 | 2.16 | -56.45 | 0.05 | 0.0 | 67.88 | -50.85 | 55.33 | -11.43 | -64.15 | 0 | 164.02 | 169.24 | 0.02 | -26.55 | 23.76 | -3.81 |
| 2020 (7) | 2.74 | 35.64 | -6.98 | 0 | 39.96 | 0 | 27.70 | 63.58 | 102.31 | 95.55 | 89.29 | 19.42 | 7.54 | 105.45 | 4.96 | 90.77 | 0.05 | 0.0 | 138.10 | 81.81 | 62.47 | -1.68 | 39.08 | 0 | 60.92 | -57.73 | 0.03 | 74.65 | 24.70 | 35.27 |
| 2019 (6) | 2.02 | 85.32 | 10.54 | -23.57 | -23.08 | 0 | 16.93 | 42.26 | 52.32 | 155.84 | 74.77 | 103.4 | 3.67 | 188.98 | 2.60 | 142.99 | 0.05 | -28.57 | 75.96 | 108.28 | 63.54 | 20.11 | -44.12 | 0 | 144.12 | 16.16 | 0.02 | 0 | 18.26 | 30.43 |
| 2018 (5) | 1.09 | -21.58 | 13.79 | 2.38 | -4.95 | 0 | 11.90 | -30.12 | 20.45 | -60.38 | 36.76 | -21.18 | 1.27 | -77.2 | 1.07 | -72.56 | 0.07 | -12.5 | 36.47 | -50.36 | 52.90 | 12.51 | -24.30 | 0 | 124.07 | 2.39 | 0.00 | 0 | 14.00 | 9.37 |
| 2017 (4) | 1.39 | 3375.0 | 13.47 | 343.09 | -10.95 | 0 | 17.03 | 62.56 | 51.61 | 1948.02 | 46.64 | 14945.16 | 5.57 | 7857.14 | 3.90 | 519.05 | 0.08 | -33.33 | 73.47 | 284.46 | 47.02 | -27.92 | -21.16 | 0 | 121.16 | -82.18 | 0.00 | 0 | 12.80 | -10.61 |
| 2016 (3) | 0.04 | -88.24 | 3.04 | 0 | -14.57 | 0 | 10.48 | -13.64 | 2.52 | -63.48 | 0.31 | -95.89 | 0.07 | -94.53 | 0.63 | -51.91 | 0.12 | 33.33 | 19.11 | -29.38 | 65.23 | -31.3 | -578.48 | 0 | 679.75 | 0 | 0.00 | 0 | 14.32 | 1.85 |
| 2015 (2) | 0.34 | 1033.33 | -3.81 | 0 | 14.47 | 0 | 12.13 | 26.4 | 6.90 | 2775.0 | 7.55 | 451.09 | 1.28 | 392.31 | 1.31 | 104.69 | 0.09 | -25.0 | 27.06 | 83.71 | 94.95 | 27.28 | 209.74 | 0 | -109.74 | 0 | 0.00 | 0 | 14.06 | 25.76 |
| 2014 (1) | 0.03 | -98.48 | 5.57 | 0 | -6.57 | 0 | 9.60 | 1.15 | 0.24 | 0 | 1.37 | 0 | 0.26 | 0 | 0.64 | 0 | 0.12 | -14.29 | 14.73 | -67.17 | 74.60 | 35.05 | -2877.78 | 0 | 2977.78 | 4219.87 | 0.00 | 0 | 11.18 | 7.09 |
