- 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) | -0.11 | -134.38 | -150.0 | 3.48 | -56.06 | -48.06 | -6.21 | -2487.5 | -546.88 | 0.69 | -91.09 | -83.53 | -2.36 | -144.11 | -153.76 | -0.39 | -133.91 | -145.88 | -0.17 | -126.98 | -138.64 | 0.09 | -18.18 | 0.0 | 7.04 | -44.13 | -27.72 | 94.00 | 0.75 | -16.52 | -900.00 | -30800.0 | -3745.45 | 1014.29 | 885.58 | 736.34 | 11.55 | 27.62 | 3.13 |
| 24Q2 (19) | 0.32 | -39.62 | 255.56 | 7.92 | -7.48 | 312.5 | -0.24 | -142.86 | 95.65 | 7.74 | -37.07 | 630.19 | 5.35 | -48.9 | 230.25 | 1.15 | -38.83 | 248.48 | 0.63 | -37.62 | 215.0 | 0.11 | 22.22 | 10.0 | 12.60 | -29.96 | 96.26 | 93.30 | -2.18 | -14.72 | -2.91 | -166.5 | 99.45 | 102.91 | 7.63 | -83.96 | 9.05 | -17.28 | -14.38 |
| 24Q1 (18) | 0.53 | 2750.0 | -10.17 | 8.56 | -27.4 | -30.01 | 0.56 | -83.03 | -88.84 | 12.30 | 615.12 | 11.21 | 10.47 | 2653.66 | 6.51 | 1.88 | 2188.89 | -16.44 | 1.01 | 0 | -10.62 | 0.09 | -18.18 | -18.18 | 17.99 | 176.34 | 14.66 | 95.38 | 2.97 | -15.32 | 4.38 | -97.66 | -90.39 | 95.62 | 204.73 | 75.7 | 10.94 | 33.09 | 22.37 |
| 23Q4 (17) | -0.02 | -109.09 | 96.23 | 11.79 | 75.97 | 256.19 | 3.30 | 443.75 | 164.96 | 1.72 | -58.95 | 126.1 | -0.41 | -109.34 | 95.39 | -0.09 | -110.59 | 95.43 | 0.00 | -100.0 | 100.0 | 0.11 | 22.22 | 0.0 | 6.51 | -33.16 | 417.56 | 92.63 | -17.74 | -6.72 | 186.96 | 898.81 | 142.76 | -91.30 | -175.29 | -497.17 | 8.22 | -26.61 | -11.8 |
| 23Q3 (16) | 0.22 | 144.44 | -43.59 | 6.70 | 248.96 | 96.48 | -0.96 | 82.61 | 83.81 | 4.19 | 295.28 | -28.38 | 4.39 | 170.99 | -24.83 | 0.85 | 157.58 | -39.29 | 0.44 | 120.0 | -38.89 | 0.09 | -10.0 | -25.0 | 9.74 | 51.71 | -0.92 | 112.60 | 2.93 | 12.49 | -23.40 | 95.61 | 76.86 | 121.28 | -81.1 | -39.71 | 11.20 | 5.96 | 39.13 |
| 23Q2 (15) | 0.09 | -84.75 | 350.0 | 1.92 | -84.3 | -78.71 | -5.52 | -209.96 | -641.18 | 1.06 | -90.42 | 715.38 | 1.62 | -83.52 | 800.0 | 0.33 | -85.33 | 450.0 | 0.20 | -82.3 | 233.33 | 0.10 | -9.09 | -33.33 | 6.42 | -59.08 | 108.44 | 109.40 | -2.87 | 5.79 | -533.33 | -1270.15 | -153.33 | 641.67 | 1079.06 | 175.49 | 10.57 | 18.23 | 71.87 |
| 23Q1 (14) | 0.59 | 211.32 | 942.86 | 12.23 | 269.49 | 115.32 | 5.02 | 198.82 | 254.94 | 11.06 | 267.83 | 2226.92 | 9.83 | 210.45 | 1298.78 | 2.25 | 214.21 | 1122.73 | 1.13 | 218.95 | 1355.56 | 0.11 | 0.0 | -21.43 | 15.69 | 865.37 | 478.97 | 112.63 | 13.42 | 23.09 | 45.58 | -40.82 | -92.8 | 54.42 | 136.73 | 110.2 | 8.94 | -4.08 | 34.64 |
| 22Q4 (13) | -0.53 | -235.9 | -657.14 | 3.31 | -2.93 | -68.89 | -5.08 | 14.33 | -588.46 | -6.59 | -212.65 | -832.22 | -8.90 | -252.4 | -856.99 | -1.97 | -240.71 | -756.52 | -0.95 | -231.94 | -850.0 | 0.11 | -8.33 | -15.38 | -2.05 | -120.85 | -148.01 | 99.30 | -0.8 | 3.57 | 77.01 | 176.13 | -32.05 | 22.99 | -88.57 | 272.41 | 9.32 | 15.78 | 30.17 |
| 22Q3 (12) | 0.39 | 1850.0 | -40.0 | 3.41 | -62.2 | -32.61 | -5.93 | -681.37 | -145.04 | 5.85 | 4400.0 | -33.3 | 5.84 | 3144.44 | -32.8 | 1.40 | 2233.33 | -32.69 | 0.72 | 1100.0 | -35.71 | 0.12 | -20.0 | -7.69 | 9.83 | 219.16 | -19.36 | 100.10 | -3.2 | 8.98 | -101.16 | -110.12 | -264.19 | 201.16 | 123.67 | 57.43 | 8.05 | 30.89 | 11.34 |
| 22Q2 (11) | 0.02 | 128.57 | 107.69 | 9.02 | 58.8 | 93.56 | 1.02 | 131.48 | 156.04 | 0.13 | 125.0 | 103.8 | 0.18 | 121.95 | 105.16 | 0.06 | 127.27 | 107.5 | 0.06 | 166.67 | 114.63 | 0.15 | 7.14 | 15.38 | 3.08 | 13.65 | 5233.33 | 103.41 | 13.02 | 18.96 | 1000.00 | 57.89 | 1800.0 | -850.00 | -59.38 | -1963.46 | 6.15 | -7.38 | -14.23 |
| 22Q1 (10) | -0.07 | 0.0 | -106.19 | 5.68 | -46.62 | -40.96 | -3.24 | -411.54 | -345.45 | -0.52 | -157.78 | -103.19 | -0.82 | 11.83 | -105.03 | -0.22 | 4.35 | -106.11 | -0.09 | 10.0 | -104.5 | 0.14 | 7.69 | 16.67 | 2.71 | -36.53 | -86.36 | 91.50 | -4.57 | 13.07 | 633.33 | 458.82 | 7816.67 | -533.33 | -3900.0 | -679.71 | 6.64 | -7.26 | -17.82 |
| 21Q4 (9) | -0.07 | -110.77 | -111.11 | 10.64 | 110.28 | -28.49 | 1.04 | 142.98 | -84.15 | 0.90 | -89.74 | -92.26 | -0.93 | -110.7 | -109.34 | -0.23 | -111.06 | -110.45 | -0.10 | -108.93 | -108.4 | 0.13 | 0.0 | 8.33 | 4.27 | -64.97 | -72.72 | 95.88 | 4.39 | 13.66 | 113.33 | 508.0 | 101.76 | -13.33 | -110.43 | -130.42 | 7.16 | -0.97 | -25.1 |
| 21Q3 (8) | 0.65 | 350.0 | -2.99 | 5.06 | 8.58 | -63.33 | -2.42 | -32.97 | -133.89 | 8.77 | 356.43 | -18.57 | 8.69 | 349.0 | -16.92 | 2.08 | 360.0 | -16.47 | 1.12 | 373.17 | -14.5 | 0.13 | 0.0 | 8.33 | 12.19 | 20416.67 | -17.24 | 91.85 | 5.66 | -2.34 | -27.78 | -152.78 | -142.08 | 127.78 | 180.13 | 283.33 | 7.23 | 0.84 | -18.4 |
| 21Q2 (7) | -0.26 | -123.01 | -145.61 | 4.66 | -51.56 | -64.59 | -1.82 | -237.88 | -129.45 | -3.42 | -120.99 | -129.51 | -3.49 | -121.42 | -130.11 | -0.80 | -122.22 | -136.7 | -0.41 | -120.5 | -136.61 | 0.13 | 8.33 | 44.44 | -0.06 | -100.3 | -100.36 | 86.93 | 7.43 | -7.05 | 52.63 | 557.89 | -1.02 | 45.61 | -50.42 | -2.59 | 7.17 | -11.26 | 0 |
| 21Q1 (6) | 1.13 | 79.37 | -17.52 | 9.62 | -35.35 | 92.02 | 1.32 | -79.88 | 152.59 | 16.29 | 40.07 | 553.76 | 16.29 | 63.55 | -41.65 | 3.60 | 63.64 | 607.04 | 2.00 | 68.07 | 789.66 | 0.12 | 0.0 | 33.33 | 19.87 | 26.96 | 974.05 | 80.92 | -4.08 | -25.61 | 8.00 | -85.76 | -88.44 | 92.00 | 109.92 | 199.0 | 8.08 | -15.48 | 0 |
| 20Q4 (5) | 0.63 | -5.97 | 2200.0 | 14.88 | 7.83 | 367.92 | 6.56 | -8.12 | 320.13 | 11.63 | 7.99 | 1164.13 | 9.96 | -4.78 | 1706.45 | 2.20 | -11.65 | 1792.31 | 1.19 | -9.16 | 12000.0 | 0.12 | 0.0 | 20.0 | 15.65 | 6.25 | 162.14 | 84.36 | -10.3 | -28.07 | 56.17 | -14.91 | 117.65 | 43.83 | 31.48 | -89.52 | 9.56 | 7.9 | 0 |
| 20Q3 (4) | 0.67 | 17.54 | 0.0 | 13.80 | 4.86 | 0.0 | 7.14 | 15.53 | 0.0 | 10.77 | -7.08 | 0.0 | 10.46 | -9.75 | 0.0 | 2.49 | 14.22 | 0.0 | 1.31 | 16.96 | 0.0 | 0.12 | 33.33 | 0.0 | 14.73 | -12.69 | 0.0 | 94.05 | 0.57 | 0.0 | 66.01 | 24.14 | 0.0 | 33.33 | -28.81 | 0.0 | 8.86 | 0 | 0.0 |
| 20Q2 (3) | 0.57 | -58.39 | 0.0 | 13.16 | 162.67 | 0.0 | 6.18 | 346.22 | 0.0 | 11.59 | 422.84 | 0.0 | 11.59 | -58.49 | 0.0 | 2.18 | 407.04 | 0.0 | 1.12 | 486.21 | 0.0 | 0.09 | 0.0 | 0.0 | 16.87 | 811.89 | 0.0 | 93.52 | -14.03 | 0.0 | 53.17 | -23.19 | 0.0 | 46.83 | 52.18 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.37 | 4666.67 | 0.0 | 5.01 | 57.55 | 0.0 | -2.51 | 15.77 | 0.0 | -3.59 | -490.22 | 0.0 | 27.92 | 4603.23 | 0.0 | -0.71 | -446.15 | 0.0 | -0.29 | -2800.0 | 0.0 | 0.09 | -10.0 | 0.0 | 1.85 | -69.01 | 0.0 | 108.78 | -7.25 | 0.0 | 69.23 | 121.76 | 0.0 | 30.77 | -92.64 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.03 | 0.0 | 0.0 | 3.18 | 0.0 | 0.0 | -2.98 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | -0.62 | 0.0 | 0.0 | -0.13 | 0.0 | 0.0 | -0.01 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 5.97 | 0.0 | 0.0 | 117.28 | 0.0 | 0.0 | -318.18 | 0.0 | 0.0 | 418.18 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 0.88 | 0 | 8.42 | 47.98 | 0.71 | 0 | 4.58 | 39.17 | 4.65 | 0 | 3.93 | 0 | 3.19 | 0 | 1.79 | 0 | 0.41 | -22.64 | 9.70 | 181.98 | 92.63 | -6.72 | 15.28 | -99.36 | 84.72 | 0 | 0.00 | 0 | 9.64 | 31.16 |
| 2022 (9) | -0.19 | 0 | 5.69 | -23.83 | -2.94 | 0 | 3.29 | 3.13 | -0.12 | 0 | -0.66 | 0 | -0.68 | 0 | -0.23 | 0 | 0.53 | 1.92 | 3.44 | -61.09 | 99.30 | 3.57 | 2387.50 | 0 | -2287.50 | 0 | 0.00 | 0 | 7.35 | -0.68 |
| 2021 (8) | 1.45 | -55.25 | 7.47 | -38.01 | -0.50 | 0 | 3.19 | -23.27 | 5.43 | -32.71 | 4.92 | -65.74 | 4.83 | -22.97 | 2.64 | -19.51 | 0.52 | 23.81 | 8.84 | -30.01 | 95.88 | 13.66 | -9.09 | 0 | 109.38 | 160.17 | 0.00 | 0 | 7.40 | -23.47 |
| 2020 (7) | 3.24 | 511.32 | 12.05 | 167.78 | 4.67 | 0 | 4.16 | -9.12 | 8.07 | 177.32 | 14.36 | 472.11 | 6.27 | 185.0 | 3.28 | 173.33 | 0.42 | 5.0 | 12.63 | 56.51 | 84.36 | -28.07 | 57.96 | 0 | 42.04 | -77.12 | 0.00 | 0 | 9.67 | 1.58 |
| 2019 (6) | 0.53 | 0 | 4.50 | 15.09 | -2.42 | 0 | 4.57 | 8.7 | 2.91 | 0 | 2.51 | 0 | 2.20 | 0 | 1.20 | 0 | 0.40 | -4.76 | 8.07 | 112.93 | 117.28 | -0.46 | -83.70 | 0 | 183.70 | 0 | 0.00 | 0 | 9.52 | 3.14 |
| 2018 (5) | -0.33 | 0 | 3.91 | -30.67 | -3.25 | 0 | 4.21 | -14.18 | -1.04 | 0 | -1.50 | 0 | -1.42 | 0 | -0.44 | 0 | 0.42 | 2.44 | 3.79 | -31.71 | 117.82 | -7.64 | 310.00 | -62.2 | -212.00 | 0 | 0.00 | 0 | 9.23 | -5.33 |
| 2017 (4) | -0.37 | 0 | 5.64 | -34.34 | -1.85 | 0 | 4.90 | -5.35 | -0.23 | 0 | -1.82 | 0 | -1.69 | 0 | -0.46 | 0 | 0.41 | 0.0 | 5.55 | -26.59 | 127.57 | 2.56 | 820.00 | 2120.83 | -720.00 | 0 | 0.00 | 0 | 9.75 | -2.11 |
| 2016 (3) | -0.07 | 0 | 8.59 | 16.71 | 0.55 | 0 | 5.18 | 65.33 | 1.49 | 77.38 | -0.34 | 0 | -0.30 | 0 | 0.15 | -70.59 | 0.41 | -8.89 | 7.56 | 73.0 | 124.39 | 10.75 | 36.92 | 0 | 63.08 | -58.31 | 0.00 | 0 | 9.96 | -0.1 |
| 2015 (2) | 0.17 | 0 | 7.36 | 91.17 | -0.44 | 0 | 3.13 | 13.6 | 0.84 | 0 | 0.81 | 0 | 0.75 | 0 | 0.51 | 0 | 0.45 | -21.05 | 4.37 | 965.85 | 112.32 | 16.47 | -51.28 | 0 | 151.28 | 0 | 0.00 | 0 | 9.97 | 9.68 |
| 2014 (1) | -0.66 | 0 | 3.85 | 0 | -3.25 | 0 | 2.76 | 10.51 | -2.70 | 0 | -2.70 | 0 | -2.89 | 0 | -1.39 | 0 | 0.57 | -13.64 | 0.41 | -88.29 | 96.44 | 24.45 | 120.69 | 0 | -20.69 | 0 | 0.00 | 0 | 9.09 | 6.94 |
