- 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) | 0.00 | -100.0 | -100.0 | 6.36 | -28.7 | -37.09 | -4.64 | -582.35 | -2209.09 | 0.05 | -98.18 | -96.48 | -0.02 | -100.81 | -101.71 | -0.01 | -101.52 | -103.33 | 0.04 | -92.73 | -85.19 | 0.20 | -4.76 | -4.76 | 4.81 | -33.75 | -24.13 | 24.55 | -19.59 | 30.24 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 17.36 | 3.21 | 1.52 |
| 24Q2 (19) | 0.09 | -43.75 | -47.06 | 8.92 | -7.95 | -26.46 | -0.68 | 31.31 | -140.0 | 2.75 | -48.88 | -43.42 | 2.47 | -49.69 | -53.04 | 0.66 | -45.0 | -50.0 | 0.55 | -43.88 | -48.11 | 0.21 | 10.53 | 5.0 | 7.26 | -32.59 | -28.33 | 30.53 | 18.89 | 21.73 | -25.00 | -31.25 | -167.86 | 125.00 | 5.0 | 97.92 | 16.82 | -9.42 | -8.49 |
| 24Q1 (18) | 0.16 | 900.0 | 633.33 | 9.69 | 105.73 | 4.98 | -0.99 | 86.8 | 21.43 | 5.38 | 487.05 | 607.55 | 4.91 | 664.37 | 677.65 | 1.20 | 731.58 | 731.58 | 0.98 | 800.0 | 916.67 | 0.19 | 11.76 | 5.56 | 10.77 | 131.61 | 130.62 | 25.68 | -7.19 | -11.45 | -19.05 | -103.66 | -115.24 | 119.05 | 128.34 | 576.19 | 18.57 | -1.01 | -2.72 |
| 23Q4 (17) | -0.02 | -150.0 | 81.82 | 4.71 | -53.41 | -13.89 | -7.50 | -3509.09 | -144.3 | -1.39 | -197.89 | 66.59 | -0.87 | -174.36 | 73.64 | -0.19 | -163.33 | 76.54 | -0.14 | -151.85 | 78.12 | 0.17 | -19.05 | -15.0 | 4.65 | -26.66 | 503.9 | 27.67 | 46.79 | -0.32 | 520.00 | 3020.0 | 593.33 | -420.00 | -604.0 | -1780.0 | 18.76 | 9.71 | 1.63 |
| 23Q3 (16) | 0.04 | -76.47 | -77.78 | 10.11 | -16.65 | -15.96 | 0.22 | -87.06 | -84.62 | 1.42 | -70.78 | -76.29 | 1.17 | -77.76 | -76.32 | 0.30 | -77.27 | -78.72 | 0.27 | -74.53 | -76.52 | 0.21 | 5.0 | -8.7 | 6.34 | -37.41 | -37.41 | 18.85 | -24.84 | -7.46 | 16.67 | -54.76 | -25.0 | 83.33 | 31.94 | 7.14 | 17.10 | -6.96 | 0.65 |
| 23Q2 (15) | 0.17 | 666.67 | 30.77 | 12.13 | 31.42 | -12.48 | 1.70 | 234.92 | -68.69 | 4.86 | 558.49 | -11.31 | 5.26 | 718.82 | 71.34 | 1.32 | 794.74 | 37.5 | 1.06 | 983.33 | 35.9 | 0.20 | 11.11 | -20.0 | 10.13 | 116.92 | 10.35 | 25.08 | -13.52 | -14.29 | 36.84 | -70.53 | -63.16 | 63.16 | 352.63 | 0 | 18.38 | -3.72 | 23.94 |
| 23Q1 (14) | -0.03 | 72.73 | -150.0 | 9.23 | 68.74 | -4.75 | -1.26 | 58.96 | -179.25 | -1.06 | 74.52 | -151.21 | -0.85 | 74.24 | -152.47 | -0.19 | 76.54 | -142.22 | -0.12 | 81.25 | -132.43 | 0.18 | -10.0 | -18.18 | 4.67 | 506.49 | -19.2 | 29.00 | 4.47 | 28.49 | 125.00 | 66.67 | 60.71 | -25.00 | -200.0 | -212.5 | 19.09 | 3.41 | 22.84 |
| 22Q4 (13) | -0.11 | -161.11 | -450.0 | 5.47 | -54.53 | -35.34 | -3.07 | -314.69 | -887.18 | -4.16 | -169.45 | -2080.95 | -3.30 | -166.8 | -500.0 | -0.81 | -157.45 | -478.57 | -0.64 | -155.65 | -611.11 | 0.20 | -13.04 | 5.26 | 0.77 | -92.4 | -82.09 | 27.76 | 36.28 | 2.21 | 75.00 | 237.5 | -62.5 | 25.00 | -67.86 | 125.0 | 18.46 | 8.65 | 9.36 |
| 22Q3 (12) | 0.18 | 38.46 | 500.0 | 12.03 | -13.2 | 29.35 | 1.43 | -73.66 | 1400.0 | 5.99 | 9.31 | 371.65 | 4.94 | 60.91 | 366.04 | 1.41 | 46.87 | 422.22 | 1.15 | 47.44 | 422.73 | 0.23 | -8.0 | 21.05 | 10.13 | 10.35 | 90.06 | 20.37 | -30.38 | -37.52 | 22.22 | -77.78 | 0 | 77.78 | 0 | -22.22 | 16.99 | 14.57 | 1.49 |
| 22Q2 (11) | 0.13 | 116.67 | 85.71 | 13.86 | 43.03 | 59.86 | 5.43 | 241.51 | 1020.34 | 5.48 | 164.73 | 1091.3 | 3.07 | 89.51 | 44.13 | 0.96 | 113.33 | 68.42 | 0.78 | 110.81 | 69.57 | 0.25 | 13.64 | 19.05 | 9.18 | 58.82 | 102.65 | 29.26 | 29.64 | -11.95 | 100.00 | 28.57 | 200.0 | 0.00 | -100.0 | -100.0 | 14.83 | -4.57 | -9.68 |
| 22Q1 (10) | 0.06 | 400.0 | 220.0 | 9.69 | 14.54 | 62.31 | 1.59 | 307.69 | 158.03 | 2.07 | 885.71 | 181.5 | 1.62 | 394.55 | 202.53 | 0.45 | 421.43 | 218.42 | 0.37 | 511.11 | 237.04 | 0.22 | 15.79 | 22.22 | 5.78 | 34.42 | 165.14 | 22.57 | -16.9 | -21.11 | 77.78 | -61.11 | -30.0 | 22.22 | 122.22 | 300.0 | 15.54 | -7.94 | -7.99 |
| 21Q4 (9) | -0.02 | -166.67 | -150.0 | 8.46 | -9.03 | 63.95 | 0.39 | 454.55 | 108.94 | 0.21 | -83.46 | -77.17 | -0.55 | -151.89 | -140.44 | -0.14 | -151.85 | -146.67 | -0.09 | -140.91 | -136.0 | 0.19 | 0.0 | 11.76 | 4.30 | -19.32 | -33.02 | 27.16 | -16.69 | -10.83 | 200.00 | 0 | 142.86 | -100.00 | -200.0 | -117.65 | 16.88 | 0.84 | -19.35 |
| 21Q3 (8) | 0.03 | -57.14 | 120.0 | 9.30 | 7.27 | 408.97 | -0.11 | 81.36 | 99.26 | 1.27 | 176.09 | 112.74 | 1.06 | -50.23 | 114.29 | 0.27 | -52.63 | 121.77 | 0.22 | -52.17 | 122.92 | 0.19 | -9.52 | 46.15 | 5.33 | 17.66 | 287.02 | 32.60 | -1.9 | 33.39 | 0.00 | 100.0 | -100.0 | 100.00 | -50.0 | 300.0 | 16.74 | 1.95 | -22.25 |
| 21Q2 (7) | 0.07 | 240.0 | 135.0 | 8.67 | 45.23 | 292.24 | -0.59 | 78.47 | 96.82 | 0.46 | 118.11 | 102.89 | 2.13 | 234.81 | 120.44 | 0.57 | 250.0 | 134.13 | 0.46 | 270.37 | 137.1 | 0.21 | 16.67 | 75.0 | 4.53 | 107.8 | 154.38 | 33.23 | 16.15 | 15.54 | -100.00 | -190.0 | -186.36 | 200.00 | 1900.0 | 1366.67 | 16.42 | -2.78 | 0 |
| 21Q1 (6) | -0.05 | -225.0 | 0 | 5.97 | 15.7 | -29.35 | -2.74 | 37.16 | -640.54 | -2.54 | -376.09 | -1914.29 | -1.58 | -216.18 | -1536.36 | -0.38 | -226.67 | -1366.67 | -0.27 | -208.0 | -640.0 | 0.18 | 5.88 | -5.26 | 2.18 | -66.04 | -55.05 | 28.61 | -6.07 | -22.0 | 111.11 | 123.81 | 211.11 | -11.11 | -101.96 | -105.56 | 16.89 | -19.3 | -6.94 |
| 20Q4 (5) | 0.04 | 126.67 | 500.0 | 5.16 | 271.43 | -41.03 | -4.36 | 70.66 | -1138.1 | 0.92 | 109.23 | 287.76 | 1.36 | 118.33 | 568.97 | 0.30 | 124.19 | 433.33 | 0.25 | 126.04 | 600.0 | 0.17 | 30.77 | -22.73 | 6.42 | 325.26 | 92.79 | 30.46 | 24.63 | -10.81 | -466.67 | -411.11 | -366.67 | 566.67 | 1233.33 | 183.33 | 20.93 | -2.79 | 0 |
| 20Q3 (4) | -0.15 | 25.0 | 0.0 | -3.01 | 33.26 | 0.0 | -14.86 | 19.85 | 0.0 | -9.97 | 37.3 | 0.0 | -7.42 | 28.79 | 0.0 | -1.24 | 25.75 | 0.0 | -0.96 | 22.58 | 0.0 | 0.13 | 8.33 | 0.0 | -2.85 | 65.79 | 0.0 | 24.44 | -15.02 | 0.0 | 150.00 | 29.55 | 0.0 | -50.00 | -216.67 | 0.0 | 21.53 | 0 | 0.0 |
| 20Q2 (3) | -0.20 | 0 | 0.0 | -4.51 | -153.37 | 0.0 | -18.54 | -4910.81 | 0.0 | -15.90 | -11457.14 | 0.0 | -10.42 | -9572.73 | 0.0 | -1.67 | -5666.67 | 0.0 | -1.24 | -2580.0 | 0.0 | 0.12 | -36.84 | 0.0 | -8.33 | -271.75 | 0.0 | 28.76 | -21.59 | 0.0 | 115.79 | 215.79 | 0.0 | -15.79 | -107.89 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.00 | 100.0 | 0.0 | 8.45 | -3.43 | 0.0 | -0.37 | -188.1 | 0.0 | 0.14 | 128.57 | 0.0 | 0.11 | 137.93 | 0.0 | 0.03 | 133.33 | 0.0 | 0.05 | 200.0 | 0.0 | 0.19 | -13.64 | 0.0 | 4.85 | 45.65 | 0.0 | 36.68 | 7.41 | 0.0 | -100.00 | 0.0 | 0.0 | 200.00 | 0.0 | 0.0 | 18.15 | 0 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 8.75 | 0.0 | 0.0 | 0.42 | 0.0 | 0.0 | -0.49 | 0.0 | 0.0 | -0.29 | 0.0 | 0.0 | -0.09 | 0.0 | 0.0 | -0.05 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 3.33 | 0.0 | 0.0 | 34.15 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | 200.00 | 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) | 0.16 | -38.46 | 9.19 | -12.73 | -1.51 | 0 | 4.95 | 32.79 | 1.08 | -59.4 | 1.29 | -27.93 | 1.22 | -39.0 | 1.04 | -35.8 | 0.74 | -15.91 | 6.47 | -4.01 | 27.67 | -0.32 | -143.75 | 0 | 243.75 | 515.79 | 0.49 | -28.54 | 18.29 | 11.93 |
| 2022 (9) | 0.26 | 550.0 | 10.53 | 29.2 | 1.61 | 0 | 3.73 | -9.61 | 2.66 | 0 | 1.79 | 442.42 | 2.00 | 506.06 | 1.62 | 390.91 | 0.88 | 12.82 | 6.74 | 58.59 | 27.76 | 2.21 | 60.42 | -89.02 | 39.58 | 0 | 0.69 | -25.88 | 16.34 | -2.33 |
| 2021 (8) | 0.04 | 0 | 8.15 | 208.71 | -0.73 | 0 | 4.13 | -27.93 | -0.10 | 0 | 0.33 | 0 | 0.33 | 0 | 0.33 | 0 | 0.78 | 30.0 | 4.25 | 293.52 | 27.16 | -10.83 | 550.00 | 234.54 | -500.00 | 0 | 0.93 | 268.53 | 16.73 | -20.41 |
| 2020 (7) | -0.31 | 0 | 2.64 | -74.39 | -8.02 | 0 | 5.73 | 62.81 | -4.90 | 0 | -3.18 | 0 | -2.51 | 0 | -1.82 | 0 | 0.60 | -35.48 | 1.08 | -80.95 | 30.46 | -10.81 | 164.41 | 129.0 | -64.41 | 0 | 0.25 | -14.49 | 21.02 | 40.32 |
| 2019 (6) | 0.28 | 86.67 | 10.31 | 38.02 | 1.49 | 2383.33 | 3.52 | 3.81 | 2.04 | 200.0 | 1.83 | 75.96 | 2.28 | 78.12 | 1.79 | 73.79 | 0.93 | 2.2 | 5.67 | 34.68 | 34.15 | 4.24 | 71.79 | 833.33 | 25.64 | -72.22 | 0.29 | 0 | 14.98 | 9.58 |
| 2018 (5) | 0.15 | 7.14 | 7.47 | -12.01 | 0.06 | -94.44 | 3.39 | -8.52 | 0.68 | -43.8 | 1.04 | 4.0 | 1.28 | 10.34 | 1.03 | 4.04 | 0.91 | 5.81 | 4.21 | -17.13 | 32.76 | -17.52 | 7.69 | -91.15 | 92.31 | 961.54 | 0.00 | 0 | 13.67 | -3.94 |
| 2017 (4) | 0.14 | -65.0 | 8.49 | -25.79 | 1.08 | -64.94 | 3.70 | -9.65 | 1.21 | -67.03 | 1.00 | -65.03 | 1.16 | -63.64 | 0.99 | -61.18 | 0.86 | 0.0 | 5.08 | -35.94 | 39.72 | 31.22 | 86.96 | 3.74 | 8.70 | -46.25 | 0.00 | 0 | 14.23 | -3.98 |
| 2016 (3) | 0.40 | -49.37 | 11.44 | 2.42 | 3.08 | -39.25 | 4.10 | 22.98 | 3.67 | -40.13 | 2.86 | -43.59 | 3.19 | -49.61 | 2.55 | -47.85 | 0.86 | -9.47 | 7.93 | -17.14 | 30.27 | 0.3 | 83.82 | 1.39 | 16.18 | -6.62 | 0.00 | 0 | 14.82 | 14.62 |
| 2015 (2) | 0.79 | 51.92 | 11.17 | 32.5 | 5.07 | 115.74 | 3.33 | 0.38 | 6.13 | 74.64 | 5.07 | 56.0 | 6.33 | 51.44 | 4.89 | 48.18 | 0.95 | -5.0 | 9.57 | 39.1 | 30.18 | -4.94 | 82.68 | 24.86 | 17.32 | -48.72 | 0.00 | 0 | 12.93 | 7.75 |
| 2014 (1) | 0.52 | 85.71 | 8.43 | 0 | 2.35 | 0 | 3.32 | 4.5 | 3.51 | 0 | 3.25 | 0 | 4.18 | 0 | 3.30 | 0 | 1.00 | -1.96 | 6.88 | 29.81 | 31.75 | 20.45 | 66.22 | 3.0 | 33.78 | -5.41 | 0.00 | 0 | 12.00 | 0.67 |
