- 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) | 0.23 | -17.86 | -64.06 | 36.75 | 0.35 | 2.77 | -3.48 | -187.6 | 40.61 | 70.57 | -21.63 | -62.9 | 53.74 | -28.7 | -68.86 | 1.12 | -24.32 | -65.85 | 0.91 | -23.53 | -66.04 | 0.02 | 0.0 | 0.0 | 83.33 | -19.84 | -59.21 | 33.17 | 6.76 | 41.69 | -5.08 | -250.85 | -69.07 | 105.08 | 3.58 | 2.02 | 41.19 | -2.76 | -10.77 |
| 24Q2 (19) | 0.28 | 86.67 | 2700.0 | 36.62 | -3.38 | -7.29 | -1.21 | -126.48 | 84.55 | 90.05 | 64.41 | 158.99 | 75.37 | 77.51 | 775.38 | 1.48 | 62.64 | 886.67 | 1.19 | 56.58 | 693.33 | 0.02 | 0.0 | 100.0 | 103.95 | 54.94 | 111.24 | 31.07 | 11.88 | 28.71 | -1.45 | -115.58 | 93.62 | 101.45 | 9.06 | -17.34 | 42.36 | 9.85 | -15.25 |
| 24Q1 (18) | 0.15 | 225.0 | 1600.0 | 37.90 | -5.82 | 24.75 | 4.57 | 173.65 | 182.94 | 54.77 | 513.05 | 803.8 | 42.46 | 335.24 | 3552.03 | 0.91 | 316.67 | 3133.33 | 0.76 | 362.07 | 7500.0 | 0.02 | 0.0 | 0.0 | 67.09 | 5737.82 | 278.61 | 27.77 | -3.94 | 22.55 | 9.30 | 202.33 | 111.63 | 93.02 | -14.73 | -48.32 | 38.56 | -8.43 | -1.76 |
| 23Q4 (17) | -0.12 | -118.75 | -200.0 | 40.24 | 12.53 | 94.58 | 1.67 | 128.5 | 105.31 | -13.26 | -106.97 | 18.6 | -18.05 | -110.46 | -28.01 | -0.42 | -112.8 | -110.0 | -0.29 | -110.82 | -141.67 | 0.02 | 0.0 | 100.0 | -1.19 | -100.58 | -130.91 | 28.91 | 23.49 | 30.17 | -9.09 | -202.27 | -105.11 | 109.09 | 5.91 | 222.73 | 42.11 | -8.77 | -33.33 |
| 23Q3 (16) | 0.64 | 6300.0 | 64.1 | 35.76 | -9.47 | -16.99 | -5.86 | 25.16 | -21.33 | 190.24 | 447.14 | 43.53 | 172.58 | 1904.41 | 48.57 | 3.28 | 2086.67 | 60.0 | 2.68 | 1686.67 | 55.81 | 0.02 | 100.0 | 100.0 | 204.29 | 315.14 | 38.32 | 23.41 | -3.02 | 7.53 | -3.01 | 86.77 | 13.78 | 103.01 | -16.07 | -0.46 | 46.16 | -7.64 | -11.11 |
| 23Q2 (15) | 0.01 | 200.0 | -97.22 | 39.50 | 30.02 | 102.15 | -7.83 | -42.11 | 55.79 | 34.77 | 473.76 | -59.17 | 8.61 | 800.0 | -89.76 | 0.15 | 600.0 | -91.43 | 0.15 | 1400.0 | -89.58 | 0.01 | -50.0 | -50.0 | 49.21 | 177.71 | -49.48 | 24.14 | 6.53 | -4.13 | -22.73 | 71.59 | -5.52 | 122.73 | -31.82 | 0.98 | 49.98 | 27.34 | 14.29 |
| 23Q1 (14) | -0.01 | 75.0 | 94.74 | 30.38 | 46.91 | 31.57 | -5.51 | 82.49 | 79.52 | 6.06 | 137.2 | 109.38 | -1.23 | 91.28 | 98.12 | -0.03 | 85.0 | 97.03 | 0.01 | 108.33 | 101.23 | 0.02 | 100.0 | 100.0 | 17.72 | 360.26 | 136.1 | 22.66 | 2.03 | -15.48 | -80.00 | -145.0 | -292.0 | 180.00 | 302.5 | 208.57 | 39.25 | -37.86 | -34.7 |
| 22Q4 (13) | -0.04 | -110.26 | 0.0 | 20.68 | -52.0 | -14.62 | -31.46 | -551.35 | -1338.58 | -16.29 | -112.29 | -738.82 | -14.10 | -112.14 | -183.13 | -0.20 | -109.76 | -81.82 | -0.12 | -106.98 | -100.0 | 0.01 | 0.0 | -50.0 | 3.85 | -97.39 | -73.76 | 22.21 | 2.02 | 95.0 | 177.78 | 5196.3 | 77.78 | -88.89 | -185.89 | 0 | 63.16 | 21.63 | -0.96 |
| 22Q3 (12) | 0.39 | 8.33 | 550.0 | 43.08 | 120.47 | 14.76 | -4.83 | 72.73 | -244.18 | 132.54 | 55.65 | 394.0 | 116.16 | 38.09 | 547.49 | 2.05 | 17.14 | 327.08 | 1.72 | 19.44 | 290.91 | 0.01 | -50.0 | -50.0 | 147.69 | 51.63 | 304.96 | 21.77 | -13.54 | 45.81 | -3.49 | 83.8 | -126.74 | 103.49 | -14.85 | 19.01 | 51.93 | 18.75 | 81.32 |
| 22Q2 (11) | 0.36 | 289.47 | -43.75 | 19.54 | -15.37 | -19.56 | -17.71 | 34.16 | 74.76 | 85.15 | 231.77 | -62.84 | 84.12 | 228.47 | -70.01 | 1.75 | 273.27 | -30.56 | 1.44 | 277.78 | -11.66 | 0.02 | 100.0 | 100.0 | 97.40 | 298.41 | -61.8 | 25.18 | -6.08 | 29.0 | -21.54 | -151.69 | 28.46 | 121.54 | 108.35 | -6.59 | 43.73 | -27.25 | -50.38 |
| 22Q1 (10) | -0.19 | -375.0 | 9.52 | 23.09 | -4.67 | -27.21 | -26.90 | -1159.06 | 68.46 | -64.62 | -2634.12 | 23.19 | -65.48 | -1214.86 | 45.17 | -1.01 | -818.18 | -18.82 | -0.81 | -1250.0 | -97.56 | 0.01 | -50.0 | 0.0 | -49.09 | -434.63 | 23.16 | 26.81 | 135.38 | -72.77 | 41.67 | -58.33 | -58.33 | 58.33 | 0 | 0 | 60.11 | -5.74 | -40.8 |
| 21Q4 (9) | -0.04 | -166.67 | 95.18 | 24.22 | -35.48 | 0 | 2.54 | -24.18 | 0 | 2.55 | -90.5 | 0 | -4.98 | -127.76 | 0 | -0.11 | -122.92 | 96.04 | -0.06 | -113.64 | 96.67 | 0.02 | 0.0 | 200.0 | 14.67 | -59.78 | -77.76 | 11.39 | -23.71 | -88.53 | 100.00 | 666.67 | 11.11 | 0.00 | -100.0 | -100.0 | 63.77 | 122.66 | 15653.66 |
| 21Q3 (8) | 0.06 | -90.63 | 0 | 37.54 | 54.55 | 104.02 | 3.35 | 104.77 | 102.7 | 26.83 | -88.29 | 267.79 | 17.94 | -93.6 | 2314.81 | 0.48 | -80.95 | 4900.0 | 0.44 | -73.01 | 238.46 | 0.02 | 100.0 | 100.0 | 36.47 | -85.7 | -25.54 | 14.93 | -23.51 | -82.93 | 13.04 | 143.32 | -98.29 | 86.96 | -33.17 | 113.13 | 28.64 | -67.5 | 6.79 |
| 21Q2 (7) | 0.64 | 404.76 | 175.29 | 24.29 | -23.42 | -63.88 | -70.18 | 17.72 | -82.48 | 229.14 | 372.36 | 171.04 | 280.48 | 334.85 | 210.93 | 2.52 | 396.47 | 160.14 | 1.63 | 497.56 | 176.53 | 0.01 | 0.0 | 0.0 | 255.00 | 499.12 | 193.55 | 19.52 | -80.17 | -77.41 | -30.11 | -130.11 | -352.15 | 130.11 | 0 | 47.75 | 88.13 | -13.21 | 0 |
| 21Q1 (6) | -0.21 | 74.7 | -23.53 | 31.72 | 0 | -63.77 | -85.29 | 0 | -74.92 | -84.13 | 0 | -19.96 | -119.43 | 0 | -85.57 | -0.85 | 69.42 | -3.66 | -0.41 | 77.22 | -28.12 | 0.01 | 150.0 | 0.0 | -63.89 | -196.86 | -1497.25 | 98.46 | -0.86 | 18.36 | 100.00 | 11.11 | 45.83 | -0.00 | -100.0 | -100.0 | 101.54 | 24865.85 | 558.92 |
| 20Q4 (5) | -0.83 | 0 | -62.75 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -2.78 | -27700.0 | -16.81 | -1.80 | -1484.62 | -53.85 | -0.02 | -300.0 | -300.0 | 65.96 | 34.67 | 139.43 | 99.31 | 13.55 | 19.94 | 90.00 | -88.2 | 492.11 | 10.00 | 101.51 | -88.32 | -0.41 | -101.53 | 0 |
| 20Q3 (4) | 0.00 | 100.0 | 0.0 | 18.40 | -72.64 | 0.0 | -123.96 | -222.31 | 0.0 | -15.99 | 95.04 | 0.0 | -0.81 | 99.68 | 0.0 | -0.01 | 99.76 | 0.0 | 0.13 | 106.1 | 0.0 | 0.01 | 0.0 | 0.0 | 48.98 | 117.97 | 0.0 | 87.46 | 1.2 | 0.0 | 762.50 | 6285.94 | 0.0 | -662.50 | -852.33 | 0.0 | 26.82 | 0 | 0.0 |
| 20Q2 (3) | -0.85 | -400.0 | 0.0 | 67.25 | -23.18 | 0.0 | -38.46 | 21.12 | 0.0 | -322.55 | -359.93 | 0.0 | -252.85 | -292.87 | 0.0 | -4.19 | -410.98 | 0.0 | -2.13 | -565.62 | 0.0 | 0.01 | 0.0 | 0.0 | -272.58 | -6714.5 | 0.0 | 86.42 | 3.88 | 0.0 | 11.94 | -82.59 | 0.0 | 88.06 | 180.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.17 | 66.67 | 0.0 | 87.54 | -8.78 | 0.0 | -48.76 | -44.3 | 0.0 | -70.13 | 69.15 | 0.0 | -64.36 | 62.31 | 0.0 | -0.82 | 65.55 | 0.0 | -0.32 | 72.65 | 0.0 | 0.01 | 0.0 | 0.0 | -4.00 | 97.61 | 0.0 | 83.19 | 0.47 | 0.0 | 68.57 | 351.13 | 0.0 | 31.43 | -63.28 | 0.0 | 15.41 | 0 | 0.0 |
| 19Q4 (1) | -0.51 | 0.0 | 0.0 | 95.97 | 0.0 | 0.0 | -33.79 | 0.0 | 0.0 | -227.29 | 0.0 | 0.0 | -170.78 | 0.0 | 0.0 | -2.38 | 0.0 | 0.0 | -1.17 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -167.27 | 0.0 | 0.0 | 82.80 | 0.0 | 0.0 | 15.20 | 0.0 | 0.0 | 85.60 | 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) | 0.51 | 0.0 | 36.38 | 36.36 | -4.06 | 0 | 5.74 | -15.88 | 50.24 | 17.11 | 37.18 | -3.68 | 3.04 | 13.01 | 2.56 | 2.4 | 0.07 | 16.67 | 63.18 | 7.01 | 28.91 | 30.17 | -8.05 | 0 | 108.05 | -25.41 | 1.48 | -10.09 | 43.98 | -17.92 |
| 2022 (9) | 0.51 | 15.91 | 26.68 | -11.57 | -19.29 | 0 | 6.83 | -10.11 | 42.90 | 17.37 | 38.60 | 12.54 | 2.69 | 31.22 | 2.50 | 76.06 | 0.06 | 50.0 | 59.04 | 15.65 | 22.21 | 95.0 | -44.86 | 0 | 144.86 | -10.62 | 1.65 | -23.1 | 53.58 | -12.34 |
| 2021 (8) | 0.44 | 0 | 30.17 | 0 | -23.06 | 0 | 7.59 | -97.77 | 36.55 | 0 | 34.30 | 0 | 2.05 | 0 | 1.42 | 0 | 0.04 | 0 | 51.05 | 0 | 11.39 | -88.53 | -63.22 | 0 | 162.07 | 258.38 | 2.14 | 103.15 | 61.12 | -55.84 |
| 2020 (7) | -1.85 | 0 | -528.08 | 0 | -844.05 | 0 | 340.00 | 1000.75 | -1540.32 | 0 | -1687.44 | 0 | -7.69 | 0 | -3.99 | 0 | 0.00 | 0 | -1200.00 | 0 | 99.31 | 19.94 | 54.78 | 102.07 | 45.22 | -37.96 | 1.05 | 0 | 138.42 | 1107.85 |
| 2019 (6) | -0.72 | 0 | 91.41 | 30.33 | -17.35 | 0 | 30.89 | 3.34 | -64.26 | 0 | -51.65 | 0 | -3.28 | 0 | -1.28 | 0 | 0.04 | 33.33 | -13.51 | 0 | 82.80 | 3.37 | 27.11 | 0 | 72.89 | -56.19 | 0.00 | 0 | 11.46 | -58.04 |
| 2018 (5) | 1.35 | 19.47 | 70.14 | 129.29 | -58.96 | 0 | 29.89 | 699.18 | 88.83 | 711.97 | 92.27 | 830.14 | 5.90 | 22.66 | 3.74 | 29.86 | 0.03 | -86.96 | 144.65 | 714.47 | 80.10 | -22.99 | -66.39 | 0 | 166.39 | 249.85 | 0.00 | 0 | 27.31 | 370.86 |
| 2017 (4) | 1.13 | -75.91 | 30.59 | 7.26 | 5.72 | -29.73 | 3.74 | 1614.31 | 10.94 | -64.65 | 9.92 | -67.94 | 4.81 | -78.61 | 2.88 | -72.01 | 0.23 | -28.12 | 17.76 | -44.67 | 104.01 | -6.88 | 52.44 | 99.06 | 47.56 | -35.43 | 0.00 | 0 | 5.80 | -19.89 |
| 2016 (3) | 4.69 | 0 | 28.52 | 44.26 | 8.14 | 521.37 | 0.22 | -66.91 | 30.95 | 0 | 30.94 | 0 | 22.49 | 0 | 10.29 | 0 | 0.32 | 166.67 | 32.10 | 4297.26 | 111.70 | -17.96 | 26.34 | 0 | 73.66 | -67.78 | 0.00 | 0 | 7.24 | -2.03 |
| 2015 (2) | -0.13 | 0 | 19.77 | -11.35 | 1.31 | 0 | 0.66 | -23.38 | -1.02 | 0 | -2.59 | 0 | -0.68 | 0 | -0.22 | 0 | 0.12 | 9.09 | 0.73 | -98.5 | 136.16 | 31.39 | -128.57 | 0 | 228.57 | 121.49 | 0.00 | 0 | 7.39 | -28.39 |
| 2014 (1) | 1.68 | 784.21 | 22.30 | 0 | -1.41 | 0 | 0.86 | -76.26 | 45.81 | 0 | 41.36 | 0 | 8.85 | 0 | 4.88 | 0 | 0.11 | 175.0 | 48.71 | 19.42 | 103.63 | 42.6 | -3.01 | 0 | 103.20 | -57.03 | 0.00 | 0 | 10.32 | -73.03 |
