- 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) | 0.08 | -82.98 | -71.43 | 23.12 | -9.08 | 46.05 | 13.67 | 16.84 | 623.28 | 12.33 | -57.63 | -39.68 | 7.56 | -68.91 | -63.01 | 1.34 | -77.96 | -63.69 | 0.75 | -75.17 | -58.79 | 0.08 | -33.33 | 0.0 | 17.60 | -48.85 | -36.21 | 103.63 | -11.12 | -13.64 | 109.68 | 171.45 | 1188.71 | -9.68 | -116.24 | -110.58 | 7.55 | -45.05 | -55.51 |
| 24Q2 (19) | 0.47 | 88.0 | 235.71 | 25.43 | 96.22 | 304.29 | 11.70 | 4580.0 | 366.51 | 29.10 | 48.24 | 132.06 | 24.32 | 40.9 | 104.71 | 6.08 | 82.04 | 122.71 | 3.02 | 72.57 | 127.07 | 0.12 | 33.33 | 33.33 | 34.41 | 28.4 | 82.26 | 116.60 | 0.28 | -14.98 | 40.40 | 1879.8 | 211.89 | 59.60 | -39.16 | -55.3 | 13.74 | -1.93 | -2.83 |
| 24Q1 (18) | 0.25 | 208.7 | 1350.0 | 12.96 | 416.87 | 9.09 | 0.25 | 101.28 | 150.0 | 19.63 | 425.0 | 1944.79 | 17.26 | 260.56 | 1796.7 | 3.34 | 253.92 | 1570.0 | 1.75 | 324.36 | 483.33 | 0.09 | 0.0 | -10.0 | 26.80 | 6771.79 | 269.66 | 116.27 | -3.05 | -21.96 | 2.04 | -99.36 | 0 | 97.96 | 144.78 | 46.94 | 14.01 | -15.4 | 16.36 |
| 23Q4 (17) | -0.23 | -182.14 | 68.06 | -4.09 | -125.84 | 83.41 | -19.58 | -1135.98 | 40.49 | -6.04 | -129.55 | 82.56 | -10.75 | -152.59 | 68.91 | -2.17 | -158.81 | 77.72 | -0.78 | -142.86 | 82.19 | 0.09 | 12.5 | -30.77 | 0.39 | -98.59 | 101.28 | 119.93 | -0.06 | 4.98 | 318.75 | 3645.31 | 234.69 | -218.75 | -339.1 | -4693.75 | 16.56 | -2.42 | 38.93 |
| 23Q3 (16) | 0.28 | 100.0 | -56.92 | 15.83 | 151.67 | 12.43 | 1.89 | 143.05 | -83.41 | 20.44 | 63.0 | -20.9 | 20.44 | 72.05 | -23.76 | 3.69 | 35.16 | -57.73 | 1.82 | 36.84 | -54.16 | 0.08 | -11.11 | -42.86 | 27.59 | 46.13 | -6.63 | 120.00 | -12.5 | 5.31 | 8.51 | 123.57 | -80.67 | 91.49 | -31.38 | 63.48 | 16.97 | 20.01 | 34.58 |
| 23Q2 (15) | 0.14 | 800.0 | -33.33 | 6.29 | -47.05 | 172.29 | -4.39 | -4490.0 | 47.3 | 12.54 | 1206.25 | 10.29 | 11.88 | 1205.49 | 4.49 | 2.73 | 1265.0 | -3.87 | 1.33 | 343.33 | 10.83 | 0.09 | -10.0 | 0.0 | 18.88 | 160.41 | 16.33 | 137.15 | -7.95 | -5.29 | -36.11 | 0 | 51.39 | 133.33 | 100.0 | -23.5 | 14.14 | 17.44 | 23.06 |
| 23Q1 (14) | -0.02 | 97.22 | -122.22 | 11.88 | 148.18 | -8.33 | 0.10 | 100.3 | 104.65 | 0.96 | 102.77 | -82.64 | 0.91 | 102.63 | -78.18 | 0.20 | 102.05 | -81.65 | 0.30 | 106.85 | -40.0 | 0.10 | -23.08 | 11.11 | 7.25 | 123.78 | -27.93 | 148.99 | 30.42 | -21.87 | 0.00 | -100.0 | 100.0 | 66.67 | 1300.0 | -50.0 | 12.04 | 1.01 | 70.06 |
| 22Q4 (13) | -0.72 | -210.77 | -7100.0 | -24.66 | -275.14 | -389.44 | -32.90 | -388.85 | -10181.25 | -34.63 | -234.02 | -1485.2 | -34.58 | -228.98 | -5568.85 | -9.74 | -211.57 | -6393.33 | -4.38 | -210.33 | -4480.0 | 0.13 | -7.14 | 44.44 | -30.49 | -203.18 | -485.95 | 114.24 | 0.25 | -37.83 | 95.24 | 116.27 | 766.67 | 4.76 | -91.49 | -95.83 | 11.92 | -5.47 | 23.52 |
| 22Q3 (12) | 0.65 | 209.52 | 2266.67 | 14.08 | 509.52 | 18.72 | 11.39 | 236.73 | 777.98 | 25.84 | 127.26 | 2820.0 | 26.81 | 135.8 | 2922.11 | 8.73 | 207.39 | 3737.5 | 3.97 | 230.83 | 4311.11 | 0.14 | 55.56 | 40.0 | 29.55 | 82.07 | 593.66 | 113.95 | -21.31 | -24.63 | 44.04 | 159.28 | -73.58 | 55.96 | -67.89 | 183.94 | 12.61 | 9.75 | 44.44 |
| 22Q2 (11) | 0.21 | 133.33 | 231.25 | 2.31 | -82.18 | -34.93 | -8.33 | -287.44 | -20.2 | 11.37 | 105.61 | 222.52 | 11.37 | 172.66 | 222.52 | 2.84 | 160.55 | 225.66 | 1.20 | 140.0 | 229.03 | 0.09 | 0.0 | -18.18 | 16.23 | 61.33 | 429.21 | 144.81 | -24.06 | 14.29 | -74.29 | -91.02 | -199.05 | 174.29 | 30.71 | 597.14 | 11.49 | 62.29 | 28.67 |
| 22Q1 (10) | 0.09 | 1000.0 | -64.0 | 12.96 | 52.11 | -46.22 | -2.15 | -571.87 | -120.63 | 5.53 | 121.2 | -71.66 | 4.17 | 783.61 | -78.63 | 1.09 | 826.67 | -70.62 | 0.50 | 400.0 | -73.54 | 0.09 | 0.0 | 0.0 | 10.06 | 27.34 | -61.05 | 190.70 | 3.79 | 68.02 | -38.89 | -172.22 | -173.11 | 133.33 | 16.67 | 184.85 | 7.08 | -26.63 | -26.33 |
| 21Q4 (9) | -0.01 | 66.67 | 0.0 | 8.52 | -28.16 | 647.37 | -0.32 | 80.95 | 96.78 | 2.50 | 363.16 | 442.47 | -0.61 | 35.79 | 16.44 | -0.15 | 37.5 | -15.38 | 0.10 | 11.11 | -16.67 | 0.09 | -10.0 | 12.5 | 7.90 | 85.45 | 32.55 | 183.74 | 21.53 | 43.64 | -14.29 | -108.57 | -101.24 | 114.29 | 271.43 | 110.39 | 9.65 | 10.54 | -3.4 |
| 21Q3 (8) | -0.03 | 81.25 | -123.08 | 11.86 | 234.08 | -17.58 | -1.68 | 75.76 | -609.09 | -0.95 | 89.76 | -109.42 | -0.95 | 89.76 | -109.42 | -0.24 | 89.38 | -113.41 | 0.09 | 109.68 | -90.72 | 0.10 | -9.09 | 25.0 | 4.26 | 186.41 | -73.74 | 151.19 | 19.33 | 37.11 | 166.67 | 122.22 | 3566.67 | -66.67 | -366.67 | -166.67 | 8.73 | -2.24 | -10.83 |
| 21Q2 (7) | -0.16 | -164.0 | -300.0 | 3.55 | -85.27 | -75.6 | -6.93 | -166.51 | -598.56 | -9.28 | -147.57 | -383.33 | -9.28 | -147.57 | -383.33 | -2.26 | -160.92 | -438.1 | -0.93 | -149.21 | -9400.0 | 0.11 | 22.22 | 10.0 | -4.93 | -119.09 | -229.06 | 126.70 | 11.63 | -0.11 | 75.00 | 41.0 | 193.75 | 25.00 | -46.59 | -86.11 | 8.93 | -7.08 | 0 |
| 21Q1 (6) | 0.25 | 2600.0 | 38.89 | 24.10 | 2014.04 | 29.78 | 10.42 | 204.93 | 52.56 | 19.51 | 2772.6 | 60.97 | 19.51 | 2772.6 | 60.97 | 3.71 | 2953.85 | 49.6 | 1.89 | 1475.0 | 35.97 | 0.09 | 12.5 | 0.0 | 25.83 | 333.39 | 37.03 | 113.50 | -11.27 | -3.85 | 53.19 | -95.37 | -6.13 | 46.81 | 104.26 | 8.02 | 9.61 | -3.8 | 16.91 |
| 20Q4 (5) | -0.01 | -107.69 | -133.33 | 1.14 | -92.08 | 103.48 | -9.93 | -3109.09 | 74.05 | -0.73 | -107.23 | -183.91 | -0.73 | -107.23 | -183.91 | -0.13 | -107.26 | -172.22 | 0.12 | -87.63 | -53.85 | 0.08 | 0.0 | -11.11 | 5.96 | -63.26 | -11.31 | 127.92 | 16.01 | 7.68 | 1150.00 | 25200.0 | 125.27 | -1100.00 | -1200.0 | -123.66 | 9.99 | 2.04 | -14.4 |
| 20Q3 (4) | 0.13 | 425.0 | 0.0 | 14.39 | -1.1 | 0.0 | 0.33 | -76.26 | 0.0 | 10.09 | 625.52 | 0.0 | 10.09 | 625.52 | 0.0 | 1.79 | 526.19 | 0.0 | 0.97 | 9600.0 | 0.0 | 0.08 | -20.0 | 0.0 | 16.22 | 324.61 | 0.0 | 110.27 | -13.06 | 0.0 | 4.55 | 105.68 | 0.0 | 100.00 | -44.44 | 0.0 | 9.79 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | -122.22 | 0.0 | 14.55 | -21.65 | 0.0 | 1.39 | -79.65 | 0.0 | -1.92 | -115.84 | 0.0 | -1.92 | -115.84 | 0.0 | -0.42 | -116.94 | 0.0 | 0.01 | -99.28 | 0.0 | 0.10 | 11.11 | 0.0 | 3.82 | -79.73 | 0.0 | 126.84 | 7.46 | 0.0 | -80.00 | -241.18 | 0.0 | 180.00 | 315.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.18 | 500.0 | 0.0 | 18.57 | 156.7 | 0.0 | 6.83 | 117.85 | 0.0 | 12.12 | 1293.1 | 0.0 | 12.12 | 1293.1 | 0.0 | 2.48 | 1277.78 | 0.0 | 1.39 | 434.62 | 0.0 | 0.09 | 0.0 | 0.0 | 18.85 | 180.51 | 0.0 | 118.04 | -0.64 | 0.0 | 56.67 | 101.25 | 0.0 | 43.33 | -99.07 | 0.0 | 8.22 | -29.56 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | -32.75 | 0.0 | 0.0 | -38.27 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 6.72 | 0.0 | 0.0 | 118.80 | 0.0 | 0.0 | -4550.00 | 0.0 | 0.0 | 4650.00 | 0.0 | 0.0 | 11.67 | 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) | 0.17 | -26.09 | 7.30 | 465.89 | -5.57 | 0 | 3.51 | 50.35 | 6.67 | 162.6 | 5.32 | 109.45 | 4.50 | 53.06 | 2.96 | 66.29 | 0.39 | -17.02 | 13.11 | 92.79 | 119.93 | 4.98 | -84.29 | 0 | 184.29 | -52.61 | 0.29 | -15.76 | 14.81 | 35.37 |
| 2022 (9) | 0.23 | 283.33 | 1.29 | -88.66 | -7.36 | 0 | 2.34 | -11.19 | 2.54 | 25.74 | 2.54 | 106.5 | 2.94 | 157.89 | 1.78 | 71.15 | 0.47 | 30.56 | 6.80 | -5.42 | 114.24 | -37.83 | -288.89 | 0 | 388.89 | 257.78 | 0.34 | -2.06 | 10.94 | 18.91 |
| 2021 (8) | 0.06 | -76.92 | 11.38 | -7.18 | -0.18 | 0 | 2.63 | -6.24 | 2.02 | -57.02 | 1.23 | -73.83 | 1.14 | -69.19 | 1.04 | -57.02 | 0.36 | 2.86 | 7.19 | -34.1 | 183.74 | 43.64 | -8.70 | 0 | 108.70 | 4.07 | 0.35 | 43.17 | 9.20 | -1.39 |
| 2020 (7) | 0.26 | -16.13 | 12.26 | 108.86 | -0.24 | 0 | 2.81 | 4.99 | 4.70 | -8.74 | 4.70 | -8.74 | 3.70 | -20.26 | 2.42 | -16.55 | 0.35 | -12.5 | 10.91 | -1.62 | 127.92 | 7.68 | -4.44 | 0 | 104.44 | -48.28 | 0.24 | 5.19 | 9.33 | -13.69 |
| 2019 (6) | 0.31 | 29.17 | 5.87 | -61.07 | -5.27 | 0 | 2.67 | 7.05 | 5.15 | 16.52 | 5.15 | 16.52 | 4.64 | 18.37 | 2.90 | 13.28 | 0.40 | 5.26 | 11.09 | 5.32 | 118.80 | -11.14 | -101.92 | 0 | 201.92 | 23.56 | 0.23 | -17.77 | 10.81 | -11.9 |
| 2018 (5) | 0.24 | 0 | 15.08 | 96.87 | -2.83 | 0 | 2.50 | -68.84 | 4.42 | 0 | 4.42 | 0 | 3.92 | 0 | 2.56 | 0 | 0.38 | 52.0 | 10.53 | 0 | 133.69 | 3.9 | -63.41 | 0 | 163.41 | 0 | 0.28 | -89.61 | 12.27 | -14.97 |
| 2017 (4) | -0.59 | 0 | 7.66 | -67.49 | -17.33 | 0 | 8.01 | -14.38 | -17.13 | 0 | -17.13 | 0 | -9.61 | 0 | -3.58 | 0 | 0.25 | 4.17 | -4.17 | 0 | 128.67 | 10.89 | 100.97 | 0 | -0.97 | 0 | 2.72 | 0 | 14.43 | 5.95 |
| 2016 (3) | -0.25 | 0 | 23.56 | 79.57 | 1.44 | 0 | 9.36 | -6.09 | -7.89 | 0 | -7.89 | 0 | -3.95 | 0 | -1.02 | 0 | 0.24 | 0.0 | 6.24 | 29.73 | 116.03 | 8.06 | -17.78 | 0 | 120.00 | 242.86 | 0.00 | 0 | 13.62 | -3.4 |
| 2015 (2) | -0.33 | 0 | 13.12 | 67.56 | -6.73 | 0 | 9.97 | 2.8 | -10.32 | 0 | -10.32 | 0 | -4.97 | 0 | -1.56 | 0 | 0.24 | 0.0 | 4.81 | 23.02 | 107.38 | 6.63 | 65.00 | -46.38 | 35.00 | 0 | 0.00 | 0 | 14.10 | -6.87 |
| 2014 (1) | -0.36 | 0 | 7.83 | 0 | -13.66 | 0 | 9.69 | 14.24 | -11.29 | 0 | -11.29 | 0 | -5.22 | 0 | -1.71 | 0 | 0.24 | -22.58 | 3.91 | -40.12 | 100.70 | 12.58 | 121.21 | 21.21 | -21.21 | 0 | 0.00 | 0 | 15.14 | 51.25 |
