- 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) | 0.42 | 2.44 | -48.78 | 49.69 | 1.39 | 14.44 | 37.31 | -2.12 | 15.58 | 36.51 | 19.16 | -22.25 | 33.69 | 47.76 | -28.29 | 4.73 | 57.67 | -33.1 | 1.33 | 41.49 | -29.26 | 0.03 | 0.0 | 0.0 | 57.26 | 5.3 | -19.84 | 332.60 | -3.02 | -8.07 | 102.27 | -18.67 | 49.15 | -2.27 | 90.62 | -107.23 | 13.13 | -6.28 | 7.62 |
| 24Q2 (19) | 0.41 | -43.06 | 115.79 | 49.01 | 3.11 | 0.89 | 38.12 | 5.13 | 14.72 | 30.64 | -27.44 | 573.57 | 22.80 | -42.64 | 459.62 | 3.00 | -43.07 | 479.75 | 0.94 | -35.62 | 2450.0 | 0.03 | 0.0 | 0.0 | 54.38 | -17.47 | 278.69 | 342.95 | -0.8 | -3.24 | 125.76 | 46.99 | 125.15 | -24.24 | -267.83 | -104.04 | 14.01 | 0.14 | -4.63 |
| 24Q1 (18) | 0.72 | 2300.0 | 188.0 | 47.53 | 6.55 | -4.56 | 36.26 | 2.69 | 6.15 | 42.23 | 334.47 | 152.87 | 39.75 | 295.13 | 136.05 | 5.27 | 287.5 | 162.19 | 1.46 | 160.71 | 67.82 | 0.03 | 0.0 | 0.0 | 65.89 | 97.69 | 24.3 | 345.73 | 2.36 | -3.01 | 85.56 | -76.88 | -57.97 | 14.44 | 105.35 | 113.95 | 13.99 | 13.19 | -14.49 |
| 23Q4 (17) | 0.03 | -96.34 | -70.0 | 44.61 | 2.74 | -4.48 | 35.31 | 9.39 | 24.46 | 9.72 | -79.3 | 16.69 | 10.06 | -78.59 | -1.76 | 1.36 | -80.76 | -13.92 | 0.56 | -70.21 | -15.15 | 0.03 | 0.0 | 0.0 | 33.33 | -53.34 | -2.43 | 337.77 | -6.64 | -12.53 | 370.00 | 439.58 | 10.35 | -270.00 | -959.09 | -14.75 | 12.36 | 1.31 | -37.8 |
| 23Q3 (16) | 0.82 | 331.58 | 22.39 | 43.42 | -10.62 | -0.07 | 32.28 | -2.86 | -11.97 | 46.96 | 825.81 | 207.13 | 46.98 | 841.01 | 220.25 | 7.07 | 994.94 | 145.49 | 1.88 | 4800.0 | 111.24 | 0.03 | 0.0 | -25.0 | 71.43 | 397.42 | 84.19 | 361.78 | 2.07 | -9.94 | 68.57 | 113.71 | -71.81 | 31.43 | -94.76 | 122.36 | 12.20 | -16.95 | 12.34 |
| 23Q2 (15) | 0.19 | -24.0 | -20.83 | 48.58 | -2.45 | 33.13 | 33.23 | -2.72 | 22.12 | -6.47 | -138.74 | -6570.0 | -6.34 | -137.65 | -589.13 | -0.79 | -139.3 | -464.29 | -0.04 | -104.6 | -120.0 | 0.03 | 0.0 | 0.0 | 14.36 | -72.91 | -31.52 | 354.44 | -0.56 | -15.51 | -500.00 | -345.61 | 0 | 600.00 | 679.31 | 0 | 14.69 | -10.21 | 8.57 |
| 23Q1 (14) | 0.25 | 150.0 | -61.54 | 49.80 | 6.64 | 37.99 | 34.16 | 20.41 | 52.5 | 16.70 | 100.48 | -61.14 | 16.84 | 64.45 | -59.09 | 2.01 | 27.22 | -72.76 | 0.87 | 31.82 | -47.9 | 0.03 | 0.0 | 0.0 | 53.01 | 55.18 | -16.59 | 356.45 | -7.7 | -16.42 | 203.57 | -39.29 | 290.18 | -103.57 | 55.98 | -316.56 | 16.36 | -17.66 | 25.75 |
| 22Q4 (13) | 0.10 | -85.07 | -92.31 | 46.70 | 7.48 | 94.34 | 28.37 | -22.63 | 72.57 | 8.33 | -45.52 | -85.29 | 10.24 | -30.2 | -81.79 | 1.58 | -45.14 | -90.92 | 0.66 | -25.84 | -79.31 | 0.03 | -25.0 | -40.0 | 34.16 | -11.91 | -51.79 | 386.17 | -3.87 | -12.74 | 335.29 | 37.84 | 1067.08 | -235.29 | -67.42 | -432.72 | 19.87 | 82.97 | 87.63 |
| 22Q3 (12) | 0.67 | 179.17 | 1240.0 | 43.45 | 19.07 | 30.83 | 36.67 | 34.77 | 41.04 | 15.29 | 15190.0 | 376.99 | 14.67 | 1694.57 | 304.6 | 2.88 | 2157.14 | 261.8 | 0.89 | 345.0 | 4350.0 | 0.04 | 33.33 | 0.0 | 38.78 | 84.93 | 202.26 | 401.73 | -4.24 | -30.58 | 243.24 | 0 | 149.47 | -140.54 | 0 | -123.75 | 10.86 | -19.73 | 7.52 |
| 22Q2 (11) | 0.24 | -63.08 | 500.0 | 36.49 | 1.11 | 4.26 | 27.21 | 21.47 | 13.19 | 0.10 | -99.77 | -98.86 | -0.92 | -102.24 | -112.2 | -0.14 | -101.9 | -110.07 | 0.20 | -88.02 | -58.33 | 0.03 | 0.0 | 0.0 | 20.97 | -67.0 | -34.26 | 419.50 | -1.64 | -23.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 13.53 | 4.0 | -0.81 |
| 22Q1 (10) | 0.65 | -50.0 | 160.0 | 36.09 | 50.19 | 18.72 | 22.40 | 36.25 | 12.0 | 42.97 | -24.12 | 113.67 | 41.16 | -26.81 | 130.07 | 7.38 | -57.59 | 91.69 | 1.67 | -47.65 | 89.77 | 0.03 | -40.0 | 0.0 | 63.55 | -10.3 | 36.55 | 426.48 | -3.63 | -30.44 | 52.17 | 81.61 | -47.83 | 47.83 | -32.37 | 0 | 13.01 | 22.85 | -6.54 |
| 21Q4 (9) | 1.30 | 2500.0 | 2066.67 | 24.03 | -27.64 | -25.3 | 16.44 | -36.77 | -25.71 | 56.63 | 1125.91 | 218.5 | 56.24 | 884.38 | 266.62 | 17.40 | 1077.53 | 388.76 | 3.19 | 15850.0 | 284.34 | 0.05 | 25.0 | 66.67 | 70.85 | 452.22 | 67.73 | 442.55 | -23.53 | -28.76 | 28.73 | 105.84 | -76.86 | 70.72 | -88.05 | 392.98 | 10.59 | 4.85 | -22.98 |
| 21Q3 (8) | 0.05 | 25.0 | 350.0 | 33.21 | -5.11 | 22.37 | 26.00 | 8.15 | 58.54 | -5.52 | -162.94 | -138.96 | -7.17 | -195.09 | -115.32 | -1.78 | -228.06 | -394.44 | 0.02 | -95.83 | -86.67 | 0.04 | 33.33 | 33.33 | 12.83 | -59.78 | -23.54 | 578.70 | 6.22 | -6.45 | -491.67 | -276.5 | 35.87 | 591.67 | 431.33 | -34.26 | 10.10 | -25.95 | -31.34 |
| 21Q2 (7) | 0.04 | -84.0 | 112.12 | 35.00 | 15.13 | 25.99 | 24.04 | 20.2 | 68.7 | 8.77 | -56.39 | 114.59 | 7.54 | -57.85 | 112.14 | 1.39 | -63.9 | 115.26 | 0.48 | -45.45 | 150.0 | 0.03 | 0.0 | 50.0 | 31.90 | -31.46 | 215.04 | 544.82 | -11.14 | -10.39 | 278.57 | 178.57 | 1263.45 | -178.57 | 0 | -244.07 | 13.64 | -2.01 | 0 |
| 21Q1 (6) | 0.25 | 316.67 | 2400.0 | 30.40 | -5.5 | 40.03 | 20.00 | -9.62 | 98.22 | 20.11 | 13.1 | 1696.03 | 17.89 | 16.62 | 630.86 | 3.85 | 8.15 | 2666.67 | 0.88 | 6.02 | 225.93 | 0.03 | 0.0 | 0.0 | 46.54 | 10.18 | 113.78 | 613.14 | -1.3 | 8.7 | 100.00 | -19.44 | 113.33 | 0.00 | 100.0 | -100.0 | 13.92 | 1.24 | 0 |
| 20Q4 (5) | 0.06 | 400.0 | 0.0 | 32.17 | 18.53 | 20.94 | 22.13 | 34.94 | 83.35 | 17.78 | 869.7 | -4.66 | 15.34 | 560.66 | -14.68 | 3.56 | 1088.89 | -21.06 | 0.83 | 453.33 | -21.7 | 0.03 | 0.0 | -25.0 | 42.24 | 151.73 | 12.46 | 621.24 | 0.43 | 12.81 | 124.14 | 116.19 | 91.38 | -24.14 | -102.68 | -168.7 | 13.75 | -6.53 | 34.15 |
| 20Q3 (4) | -0.02 | 93.94 | 0.0 | 27.14 | -2.3 | 0.0 | 16.40 | 15.09 | 0.0 | -2.31 | 96.16 | 0.0 | -3.33 | 94.64 | 0.0 | -0.36 | 96.05 | 0.0 | 0.15 | 115.62 | 0.0 | 0.03 | 50.0 | 0.0 | 16.78 | 160.51 | 0.0 | 618.59 | 1.75 | 0.0 | -766.67 | -3101.96 | 0.0 | 900.00 | 626.14 | 0.0 | 14.71 | 0 | 0.0 |
| 20Q2 (3) | -0.33 | -3400.0 | 0.0 | 27.78 | 27.96 | 0.0 | 14.25 | 41.23 | 0.0 | -60.12 | -4671.43 | 0.0 | -62.09 | -1742.43 | 0.0 | -9.11 | -5973.33 | 0.0 | -0.96 | -455.56 | 0.0 | 0.02 | -33.33 | 0.0 | -27.73 | -227.38 | 0.0 | 607.96 | 7.78 | 0.0 | -23.94 | 96.81 | 0.0 | 123.94 | -85.42 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | -83.33 | 0.0 | 21.71 | -18.38 | 0.0 | 10.09 | -16.4 | 0.0 | -1.26 | -106.76 | 0.0 | -3.37 | -118.74 | 0.0 | -0.15 | -103.33 | 0.0 | 0.27 | -74.53 | 0.0 | 0.03 | -25.0 | 0.0 | 21.77 | -42.04 | 0.0 | 564.05 | 2.42 | 0.0 | -750.00 | -1256.25 | 0.0 | 850.00 | 2319.23 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 26.60 | 0.0 | 0.0 | 12.07 | 0.0 | 0.0 | 18.65 | 0.0 | 0.0 | 17.98 | 0.0 | 0.0 | 4.51 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 37.56 | 0.0 | 0.0 | 550.70 | 0.0 | 0.0 | 64.86 | 0.0 | 0.0 | 35.14 | 0.0 | 0.0 | 10.25 | 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) | 1.29 | -22.75 | 46.29 | 13.37 | 33.72 | 16.24 | 12.55 | 20.92 | 18.12 | 4.86 | 18.28 | 8.36 | 9.70 | -14.61 | 3.28 | -3.24 | 0.12 | -7.69 | 44.05 | 10.18 | 337.77 | -12.53 | 186.52 | 10.7 | -86.52 | 0 | 0.00 | 0 | 13.71 | -3.04 |
| 2022 (9) | 1.67 | 1.21 | 40.83 | 37.71 | 29.01 | 38.08 | 10.38 | 30.39 | 17.28 | -30.21 | 16.87 | -28.37 | 11.36 | -45.93 | 3.39 | -26.46 | 0.13 | -7.14 | 39.98 | -8.78 | 386.17 | -12.74 | 168.49 | 99.04 | -67.81 | 0 | 0.00 | 0 | 14.14 | 21.37 |
| 2021 (8) | 1.65 | 0 | 29.65 | 8.65 | 21.01 | 31.81 | 7.96 | -11.21 | 24.76 | 0 | 23.55 | 0 | 21.01 | 0 | 4.61 | 1296.97 | 0.14 | 40.0 | 43.83 | 171.06 | 442.55 | -28.76 | 84.65 | 0 | 15.35 | -94.7 | 0.00 | 0 | 11.65 | -26.82 |
| 2020 (7) | -0.29 | 0 | 27.29 | 4.2 | 15.94 | 11.31 | 8.96 | 26.2 | -8.41 | 0 | -10.32 | 0 | -5.87 | 0 | 0.33 | -80.0 | 0.10 | -28.57 | 16.17 | -30.15 | 621.24 | 12.81 | -189.58 | 0 | 289.58 | 0 | 0.00 | 0 | 15.92 | 24.76 |
| 2019 (6) | 0.02 | 0 | 26.19 | 0 | 14.32 | 0 | 7.10 | 45.66 | 1.34 | 0 | 0.41 | 0 | 0.94 | 0 | 1.65 | 0 | 0.14 | -41.67 | 23.15 | 0 | 550.70 | -1.9 | 1122.22 | 3177.78 | -1011.11 | 0 | 0.00 | 0 | 12.76 | 29.41 |
| 2018 (5) | -2.38 | 0 | -1.24 | 0 | -17.94 | 0 | 4.88 | -11.17 | -52.28 | 0 | -54.15 | 0 | -105.83 | 0 | -11.46 | 0 | 0.24 | -11.11 | -39.89 | 0 | 561.35 | -47.5 | 34.24 | 105.42 | 65.59 | -21.7 | 0.00 | 0 | 9.86 | -40.06 |
| 2017 (4) | -1.79 | 0 | 9.89 | -0.5 | -3.25 | 0 | 5.49 | -6.03 | -19.59 | 0 | -25.66 | 0 | -39.54 | 0 | -4.14 | 0 | 0.27 | 8.0 | -6.78 | 0 | 1069.21 | 153.37 | 16.67 | 103.33 | 83.77 | -8.75 | 0.00 | 0 | 16.45 | -20.49 |
| 2016 (3) | -1.34 | 0 | 9.94 | 595.1 | -1.34 | 0 | 5.84 | -1.52 | -15.99 | 0 | -21.12 | 0 | -21.03 | 0 | -2.65 | 0 | 0.25 | -7.41 | -1.39 | 0 | 422.00 | 10.42 | 8.20 | -85.99 | 91.80 | 121.21 | 0.00 | 0 | 20.69 | 10.23 |
| 2015 (2) | -0.89 | 0 | 1.43 | 0 | -8.87 | 0 | 5.93 | 7.88 | -15.20 | 0 | -15.62 | 0 | -18.94 | 0 | -2.63 | 0 | 0.27 | -18.18 | -0.68 | 0 | 382.19 | 20.02 | 58.50 | -46.26 | 41.50 | 0 | 0.00 | 0 | 18.77 | 59.2 |
| 2014 (1) | -1.51 | 0 | -3.21 | 0 | -14.75 | 0 | 5.50 | 1.65 | -13.59 | 0 | -13.66 | 0 | -17.89 | 0 | -2.79 | 0 | 0.33 | -17.5 | -0.57 | 0 | 318.45 | 14.93 | 108.86 | 10.13 | -8.44 | 0 | 0.00 | 0 | 11.79 | 29.28 |
