- 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) | 0.22 | 540.0 | -18.52 | 1.74 | 119.33 | -89.48 | -22.59 | 35.93 | -1536.96 | 48.14 | 524.51 | 4.33 | 52.74 | 498.94 | 18.33 | 1.63 | 540.54 | -16.84 | 1.33 | 611.54 | -18.4 | 0.02 | 0.0 | -50.0 | 66.67 | 793.7 | 16.39 | 27.20 | -3.85 | 25.0 | -45.71 | -115.9 | -2048.57 | 145.71 | 172.86 | 39.77 | 41.37 | -8.98 | 41.05 |
| 24Q2 (19) | -0.05 | -155.56 | -150.0 | -9.00 | -556.93 | 20.35 | -35.26 | -18.12 | 2.7 | -11.34 | -151.92 | -157.73 | -13.22 | -170.21 | -211.79 | -0.37 | -159.68 | -208.33 | -0.26 | -147.27 | -271.43 | 0.02 | -33.33 | 0.0 | 7.46 | -80.35 | -45.31 | 28.29 | 25.79 | 18.32 | 287.50 | 303.65 | -64.06 | -200.00 | -182.93 | 71.43 | 45.45 | 6.77 | 12.22 |
| 24Q1 (18) | 0.09 | -52.63 | -57.14 | -1.37 | -124.33 | -200.0 | -29.85 | -95.87 | -67.23 | 21.84 | -48.31 | -49.33 | 18.83 | -45.59 | -49.44 | 0.62 | -52.31 | -56.94 | 0.55 | -50.45 | -54.55 | 0.03 | 0.0 | 0.0 | 37.97 | -33.73 | -33.0 | 22.49 | -4.78 | 6.34 | -141.18 | -283.19 | -244.12 | 241.18 | 79.7 | 71.02 | 42.57 | 10.4 | 19.44 |
| 23Q4 (17) | 0.19 | -29.63 | -42.42 | 5.63 | -65.96 | -60.49 | -15.24 | -1004.35 | -427.34 | 42.25 | -8.43 | -26.3 | 34.61 | -22.35 | -24.08 | 1.30 | -33.67 | -44.92 | 1.11 | -31.9 | -44.5 | 0.03 | -25.0 | -25.0 | 57.30 | 0.03 | -16.85 | 23.62 | 8.55 | 8.9 | -36.84 | -1631.58 | -735.09 | 134.21 | 28.73 | 26.75 | 38.56 | 31.47 | 31.42 |
| 23Q3 (16) | 0.27 | 1450.0 | -3.57 | 16.54 | 246.37 | 12.67 | -1.38 | 96.19 | -13900.0 | 46.14 | 1148.64 | 13.51 | 44.57 | 1151.18 | 15.29 | 1.96 | 1733.33 | -8.84 | 1.63 | 2428.57 | -8.43 | 0.04 | 100.0 | -20.0 | 57.28 | 319.94 | 14.56 | 21.76 | -8.99 | 4.92 | -2.13 | -100.27 | 0 | 104.26 | 114.89 | 4.26 | 29.33 | -27.58 | 5.73 |
| 23Q2 (15) | -0.02 | -109.52 | 91.3 | -11.30 | -924.82 | -184.9 | -36.24 | -103.03 | -24060.0 | -4.40 | -110.21 | 86.74 | -4.24 | -111.39 | 86.91 | -0.12 | -108.33 | 92.94 | -0.07 | -105.79 | 94.85 | 0.02 | -33.33 | -50.0 | 13.64 | -75.93 | 157.48 | 23.91 | 13.05 | -2.49 | 800.00 | 2050.0 | 0 | -700.00 | -596.36 | -800.0 | 40.50 | 13.64 | 53.82 |
| 23Q1 (14) | 0.21 | -36.36 | 600.0 | 1.37 | -90.39 | -92.81 | -17.85 | -517.65 | -394.55 | 43.10 | -24.82 | 708.63 | 37.24 | -18.32 | 979.42 | 1.44 | -38.98 | 620.0 | 1.21 | -39.5 | 536.84 | 0.03 | -25.0 | -40.0 | 56.67 | -17.76 | 325.13 | 21.15 | -2.49 | -0.24 | -41.03 | -829.91 | -135.9 | 141.03 | 33.19 | 1087.18 | 35.64 | 21.47 | 36.39 |
| 22Q4 (13) | 0.33 | 17.86 | 13.79 | 14.25 | -2.93 | -13.74 | -2.89 | -29000.0 | -222.46 | 57.33 | 41.03 | 44.3 | 45.59 | 17.93 | 25.52 | 2.36 | 9.77 | 9.26 | 2.00 | 12.36 | 11.11 | 0.04 | -20.0 | -20.0 | 68.91 | 37.82 | 46.59 | 21.69 | 4.58 | 7.75 | -4.41 | 0 | -177.94 | 105.88 | 5.88 | 12.24 | 29.34 | 5.77 | 8.23 |
| 22Q3 (12) | 0.28 | 221.74 | 1500.0 | 14.68 | 10.29 | 242.19 | 0.01 | 106.67 | 100.09 | 40.65 | 222.48 | 5907.14 | 38.66 | 219.39 | 4256.99 | 2.15 | 226.47 | 5475.0 | 1.78 | 230.88 | 9000.0 | 0.05 | 25.0 | 25.0 | 50.00 | 310.7 | 461.17 | 20.74 | -15.42 | -5.21 | 0.00 | 0 | -100.0 | 100.00 | 0.0 | 109.09 | 27.74 | 5.36 | -7.19 |
| 22Q2 (11) | -0.23 | -866.67 | -1250.0 | 13.31 | -30.13 | -35.04 | -0.15 | -102.48 | -102.96 | -33.19 | -722.7 | -482.81 | -32.38 | -1038.55 | -1151.3 | -1.70 | -950.0 | -1233.33 | -1.36 | -815.79 | -1006.67 | 0.04 | -20.0 | 0.0 | -23.73 | -278.02 | -236.46 | 24.52 | 15.66 | 29.12 | -0.00 | -100.0 | -100.0 | 100.00 | 800.0 | 150.0 | 26.33 | 0.77 | -7.58 |
| 22Q1 (10) | 0.03 | -89.66 | -84.21 | 19.05 | 15.31 | -2.86 | 6.06 | 156.78 | 359.09 | 5.33 | -86.58 | -84.42 | 3.45 | -90.5 | -88.14 | 0.20 | -90.74 | -85.4 | 0.19 | -89.44 | -83.9 | 0.05 | 0.0 | 25.0 | 13.33 | -71.64 | -69.66 | 21.20 | 5.32 | 19.3 | 114.29 | 1919.05 | 4128.57 | -14.29 | -115.14 | -115.1 | 26.13 | -3.61 | -15.02 |
| 21Q4 (9) | 0.29 | 1550.0 | 93.33 | 16.52 | 285.08 | -8.17 | 2.36 | 120.63 | -54.09 | 39.73 | 5775.71 | 37.05 | 36.32 | 4005.38 | 25.67 | 2.16 | 5500.0 | 83.05 | 1.80 | 9100.0 | 74.76 | 0.05 | 25.0 | 25.0 | 47.01 | 427.61 | 15.62 | 20.13 | -8.0 | 17.1 | 5.66 | -99.53 | -70.57 | 94.34 | 108.58 | 11.49 | 27.11 | -9.3 | -6.9 |
| 21Q3 (8) | -0.02 | -200.0 | 50.0 | 4.29 | -79.06 | -62.95 | -11.44 | -326.09 | 24.49 | -0.70 | -108.07 | 86.14 | -0.93 | -130.19 | 85.12 | -0.04 | -126.67 | 83.33 | -0.02 | -113.33 | 90.48 | 0.04 | 0.0 | 33.33 | 8.91 | -48.76 | 24.79 | 21.88 | 15.22 | 43.48 | 1200.00 | 1900.0 | 269.23 | -1100.00 | -2850.0 | -388.89 | 29.89 | 4.91 | -1.45 |
| 21Q2 (7) | 0.02 | -89.47 | 200.0 | 20.49 | 4.49 | 313.66 | 5.06 | 283.33 | 113.79 | 8.67 | -74.66 | 221.6 | 3.08 | -89.41 | 142.19 | 0.15 | -89.05 | 175.0 | 0.15 | -87.29 | 188.24 | 0.04 | 0.0 | 100.0 | 17.39 | -60.41 | 79.65 | 18.99 | 6.87 | 31.42 | 60.00 | 2120.0 | -89.57 | 40.00 | -57.71 | 108.89 | 28.49 | -7.35 | 0 |
| 21Q1 (6) | 0.19 | 26.67 | -17.39 | 19.61 | 9.01 | -37.98 | 1.32 | -74.32 | -93.13 | 34.21 | 18.01 | 41.71 | 29.08 | 0.62 | 33.15 | 1.37 | 16.1 | -28.27 | 1.18 | 14.56 | -31.4 | 0.04 | 0.0 | -50.0 | 43.93 | 8.04 | 51.9 | 17.77 | 3.37 | 54.25 | 2.70 | -85.95 | -96.6 | 94.59 | 11.79 | 363.51 | 30.75 | 5.6 | 0 |
| 20Q4 (5) | 0.15 | 475.0 | 275.0 | 17.99 | 55.35 | 16.06 | 5.14 | 133.93 | 128.49 | 28.99 | 674.06 | 199.48 | 28.90 | 562.4 | 532.39 | 1.18 | 591.67 | 413.04 | 1.03 | 590.48 | 390.48 | 0.04 | 33.33 | -20.0 | 40.66 | 469.47 | 122.67 | 17.19 | 12.72 | 58.43 | 19.23 | -94.08 | 110.07 | 84.62 | 137.61 | -70.91 | 29.12 | -3.99 | 0 |
| 20Q3 (4) | -0.04 | -100.0 | 0.0 | 11.58 | 220.75 | 0.0 | -15.15 | 58.72 | 0.0 | -5.05 | 29.17 | 0.0 | -6.25 | 14.38 | 0.0 | -0.24 | -20.0 | 0.0 | -0.21 | -23.53 | 0.0 | 0.03 | 50.0 | 0.0 | 7.14 | -26.24 | 0.0 | 15.25 | 5.54 | 0.0 | 325.00 | -43.48 | 0.0 | -225.00 | 50.0 | 0.0 | 30.33 | 0 | 0.0 |
| 20Q2 (3) | -0.02 | -108.7 | 0.0 | -9.59 | -130.33 | 0.0 | -36.70 | -290.95 | 0.0 | -7.13 | -129.54 | 0.0 | -7.30 | -133.42 | 0.0 | -0.20 | -110.47 | 0.0 | -0.17 | -109.88 | 0.0 | 0.02 | -75.0 | 0.0 | 9.68 | -66.53 | 0.0 | 14.45 | 25.43 | 0.0 | 575.00 | 622.44 | 0.0 | -450.00 | -2305.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.23 | 475.0 | 0.0 | 31.62 | 104.0 | 0.0 | 19.22 | 206.54 | 0.0 | 24.14 | 149.38 | 0.0 | 21.84 | 377.9 | 0.0 | 1.91 | 730.43 | 0.0 | 1.72 | 719.05 | 0.0 | 0.08 | 60.0 | 0.0 | 28.92 | 58.38 | 0.0 | 11.52 | 6.18 | 0.0 | 79.59 | 141.69 | 0.0 | 20.41 | -92.98 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.04 | 0.0 | 0.0 | 15.50 | 0.0 | 0.0 | -18.04 | 0.0 | 0.0 | 9.68 | 0.0 | 0.0 | 4.57 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 18.26 | 0.0 | 0.0 | 10.85 | 0.0 | 0.0 | -190.91 | 0.0 | 0.0 | 290.91 | 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) | 0.65 | 54.76 | 4.53 | -70.66 | -15.81 | 0 | 12.64 | 45.84 | 34.79 | 98.57 | 30.88 | 122.32 | 4.57 | 52.84 | 3.87 | 49.42 | 0.12 | -33.33 | 48.85 | 82.21 | 23.62 | 8.9 | -45.45 | 0 | 145.45 | 54.32 | 0.00 | 0 | 35.45 | 29.62 |
| 2022 (9) | 0.42 | -14.29 | 15.44 | -0.64 | 0.92 | 0 | 8.67 | 4.26 | 17.52 | -19.34 | 13.89 | -23.09 | 2.99 | -17.86 | 2.59 | -17.25 | 0.18 | 5.88 | 26.81 | -11.87 | 21.69 | 7.75 | 5.75 | 0 | 94.25 | -6.69 | 0.00 | 0 | 27.35 | -5.43 |
| 2021 (8) | 0.49 | 48.48 | 15.54 | -19.02 | -0.25 | 0 | 8.32 | -8.12 | 21.72 | 43.18 | 18.06 | 30.49 | 3.64 | 35.82 | 3.13 | 32.07 | 0.17 | 0.0 | 30.42 | 25.65 | 20.13 | 17.1 | -1.01 | 0 | 101.01 | 14.71 | 0.00 | 0 | 28.92 | 10.76 |
| 2020 (7) | 0.33 | -52.86 | 19.19 | -10.24 | 1.89 | -24.1 | 9.05 | 22.28 | 15.17 | -38.16 | 13.84 | -36.83 | 2.68 | -47.66 | 2.37 | -48.59 | 0.17 | -19.05 | 24.21 | -23.8 | 17.19 | 58.43 | 11.94 | 15.99 | 88.06 | -1.84 | 0.00 | 0 | 26.11 | -6.55 |
| 2019 (6) | 0.70 | -56.79 | 21.38 | -40.97 | 2.49 | -89.42 | 7.40 | 60.02 | 24.53 | -27.38 | 21.91 | -30.8 | 5.12 | -56.97 | 4.61 | -56.71 | 0.21 | -38.24 | 31.77 | -17.14 | 10.85 | -2.86 | 10.29 | -85.21 | 89.71 | 195.13 | 0.00 | 0 | 27.94 | 62.06 |
| 2018 (5) | 1.62 | -53.71 | 36.22 | -24.71 | 23.54 | -34.32 | 4.62 | 104.09 | 33.78 | -18.41 | 31.66 | -20.41 | 11.90 | -52.82 | 10.65 | -47.25 | 0.34 | -33.33 | 38.34 | -12.14 | 11.17 | -8.07 | 69.60 | -19.68 | 30.40 | 125.43 | 0.00 | 0 | 17.24 | 42.24 |
| 2017 (4) | 3.50 | -11.39 | 48.11 | 12.96 | 35.84 | 8.77 | 2.27 | 29.66 | 41.40 | 10.58 | 39.78 | 9.53 | 25.22 | -22.33 | 20.19 | -4.58 | 0.51 | -12.07 | 43.64 | 11.44 | 12.15 | -67.95 | 86.66 | -1.55 | 13.48 | 12.55 | 0.00 | 0 | 12.12 | 27.58 |
| 2016 (3) | 3.95 | 674.51 | 42.59 | 126.54 | 32.95 | 920.12 | 1.75 | -76.54 | 37.44 | 138.32 | 36.32 | 117.35 | 32.47 | 678.66 | 21.16 | 749.8 | 0.58 | 286.67 | 39.16 | 69.23 | 37.91 | -48.67 | 88.02 | 340.1 | 11.98 | -85.03 | 0.00 | 0 | 9.50 | -63.38 |
| 2015 (2) | 0.51 | -19.05 | 18.80 | -6.23 | 3.23 | -32.43 | 7.45 | -47.55 | 15.71 | 33.14 | 16.71 | -0.06 | 4.17 | 48.93 | 2.49 | 41.48 | 0.15 | -6.25 | 23.14 | -10.93 | 73.86 | 21.34 | 20.00 | -51.54 | 80.00 | 32.63 | 0.00 | 0 | 25.94 | -24.94 |
| 2014 (1) | 0.63 | 90.91 | 20.05 | 0 | 4.78 | 0 | 14.21 | 88.73 | 11.80 | 0 | 16.72 | 0 | 2.80 | 0 | 1.76 | 0 | 0.16 | -46.67 | 25.98 | 81.68 | 60.87 | 5.59 | 41.27 | 0 | 60.32 | -60.66 | 0.00 | 0 | 34.56 | 84.22 |
