- 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) | 0.04 | 100.0 | -63.64 | 12.55 | -17.6 | -27.2 | -1.37 | -184.05 | -124.25 | 5.65 | 112.41 | -59.03 | 4.46 | 127.55 | -63.2 | 0.41 | 115.79 | -67.72 | 0.38 | 100.0 | -66.67 | 0.08 | 0.0 | -11.11 | 10.63 | 39.32 | -42.23 | 11.15 | -9.05 | -18.32 | -21.43 | -137.5 | -153.57 | 128.57 | 200.0 | 114.29 | 18.45 | -9.25 | 3.36 |
| 24Q2 (19) | 0.02 | -50.0 | -75.0 | 15.23 | -5.17 | -2.56 | 1.63 | -39.41 | -71.7 | 2.66 | -60.3 | -72.35 | 1.96 | -62.81 | -75.98 | 0.19 | -59.57 | -77.91 | 0.19 | -56.82 | -75.32 | 0.08 | 0.0 | -11.11 | 7.63 | -36.68 | -45.27 | 12.26 | -0.73 | -8.71 | 57.14 | 38.78 | -5.88 | 42.86 | -27.14 | 9.09 | 20.33 | -3.1 | 15.18 |
| 24Q1 (18) | 0.04 | 100.0 | -55.56 | 16.06 | 1.65 | -0.25 | 2.69 | -35.18 | -47.36 | 6.70 | 159.69 | -27.72 | 5.27 | 101.15 | -35.34 | 0.47 | 74.07 | -46.59 | 0.44 | 76.0 | -44.3 | 0.08 | -11.11 | -11.11 | 12.05 | 72.88 | -9.47 | 12.35 | -10.83 | -19.18 | 41.18 | -75.98 | -23.53 | 58.82 | 182.35 | 27.45 | 20.98 | 17.87 | 14.15 |
| 23Q4 (17) | 0.02 | -81.82 | -80.0 | 15.80 | -8.35 | -29.4 | 4.15 | -26.55 | -55.94 | 2.58 | -81.29 | -67.47 | 2.62 | -78.38 | -68.13 | 0.27 | -78.74 | -73.79 | 0.25 | -78.07 | -73.12 | 0.09 | 0.0 | -10.0 | 6.97 | -62.12 | -45.2 | 13.85 | 1.47 | -21.22 | 171.43 | 328.57 | 39.68 | -71.43 | -219.05 | -292.86 | 17.80 | -0.28 | -5.72 |
| 23Q3 (16) | 0.11 | 37.5 | -35.29 | 17.24 | 10.3 | 45.73 | 5.65 | -1.91 | 232.32 | 13.79 | 43.35 | -27.69 | 12.12 | 48.53 | -17.21 | 1.27 | 47.67 | -31.35 | 1.14 | 48.05 | -26.92 | 0.09 | 0.0 | -10.0 | 18.40 | 31.99 | -23.52 | 13.65 | 1.64 | -38.65 | 40.00 | -34.12 | 285.45 | 60.00 | 52.73 | -50.65 | 17.85 | 1.13 | -14.55 |
| 23Q2 (15) | 0.08 | -11.11 | 0.0 | 15.63 | -2.92 | -16.68 | 5.76 | 12.72 | 547.19 | 9.62 | 3.78 | 58.22 | 8.16 | 0.12 | 35.77 | 0.86 | -2.27 | -25.86 | 0.77 | -2.53 | -2.53 | 0.09 | 0.0 | -25.0 | 13.94 | 4.73 | 13.33 | 13.43 | -12.11 | -50.31 | 60.71 | 12.76 | 284.52 | 39.29 | -14.88 | -53.35 | 17.65 | -3.97 | -18.78 |
| 23Q1 (14) | 0.09 | -10.0 | 50.0 | 16.10 | -28.06 | -8.37 | 5.11 | -45.75 | 1029.09 | 9.27 | 16.9 | 132.33 | 8.15 | -0.85 | 107.91 | 0.88 | -14.56 | -12.87 | 0.79 | -15.05 | 29.51 | 0.09 | -10.0 | -25.0 | 13.31 | 4.64 | 1.84 | 15.28 | -13.08 | -87.01 | 53.85 | -56.13 | 396.15 | 46.15 | 353.85 | -60.95 | 18.38 | -2.65 | -22.18 |
| 22Q4 (13) | 0.10 | -41.18 | -72.22 | 22.38 | 89.18 | 121.58 | 9.42 | 320.61 | 203.29 | 7.93 | -58.42 | -66.4 | 8.22 | -43.85 | -58.32 | 1.03 | -44.32 | -84.25 | 0.93 | -40.38 | -68.9 | 0.10 | 0.0 | -16.67 | 12.72 | -47.13 | -62.89 | 17.58 | -20.99 | -85.83 | 122.73 | 669.01 | 416.26 | -18.18 | -114.96 | -113.1 | 18.88 | -9.62 | -12.67 |
| 22Q3 (12) | 0.17 | 112.5 | 750.0 | 11.83 | -36.94 | -23.13 | -4.27 | -579.78 | -6000.0 | 19.07 | 213.65 | 1397.28 | 14.64 | 143.59 | 704.4 | 1.85 | 59.48 | 840.0 | 1.56 | 97.47 | 1460.0 | 0.10 | -16.67 | -23.08 | 24.06 | 95.61 | 182.73 | 22.25 | -17.68 | -85.11 | -21.57 | -236.6 | 0 | 121.57 | 44.36 | 21.57 | 20.89 | -3.87 | -1.23 |
| 22Q2 (11) | 0.08 | 33.33 | 214.29 | 18.76 | 6.77 | -2.75 | 0.89 | 261.82 | -62.45 | 6.08 | 52.38 | 237.56 | 6.01 | 53.32 | 232.09 | 1.16 | 14.85 | 193.55 | 0.79 | 29.51 | 354.84 | 0.12 | 0.0 | 9.09 | 12.30 | -5.89 | 57.29 | 27.03 | -77.02 | -82.36 | 15.79 | 186.84 | 128.95 | 84.21 | -28.74 | -45.51 | 21.73 | -8.0 | 0.0 |
| 22Q1 (10) | 0.06 | -83.33 | 220.0 | 17.57 | 73.96 | 27.97 | -0.55 | 93.97 | 86.55 | 3.99 | -83.09 | 173.48 | 3.92 | -80.12 | 1325.0 | 1.01 | -84.56 | 157.06 | 0.61 | -79.6 | 219.61 | 0.12 | 0.0 | 9.09 | 13.07 | -61.87 | 96.84 | 117.61 | -5.18 | -19.94 | -18.18 | 53.15 | -125.45 | 118.18 | -14.86 | 451.52 | 23.62 | 9.25 | -1.95 |
| 21Q4 (9) | 0.36 | 1700.0 | 224.14 | 10.10 | -34.37 | 54.67 | -9.12 | -12928.57 | 52.57 | 23.60 | 1705.44 | 211.27 | 19.72 | 983.52 | 193.02 | 6.54 | 2716.0 | 234.29 | 2.99 | 2890.0 | 262.5 | 0.12 | -7.69 | 33.33 | 34.28 | 302.82 | 659.22 | 124.04 | -16.99 | -19.26 | -38.81 | 0 | -142.59 | 138.81 | 38.81 | 1461.57 | 21.62 | 2.22 | -21.12 |
| 21Q3 (8) | 0.02 | 128.57 | 104.65 | 15.39 | -20.22 | 201.17 | -0.07 | -102.95 | 99.74 | -1.47 | 66.74 | 94.93 | 1.82 | 140.0 | 106.27 | -0.25 | 79.84 | 95.84 | 0.10 | 132.26 | 104.59 | 0.13 | 18.18 | 62.5 | 8.51 | 8.82 | 185.1 | 149.42 | -2.48 | 2.81 | -0.00 | 100.0 | -100.0 | 100.00 | -35.29 | 1833.33 | 21.15 | -2.67 | -10.08 |
| 21Q2 (7) | -0.07 | -40.0 | 92.13 | 19.29 | 40.5 | 772.13 | 2.37 | 157.95 | 108.03 | -4.42 | 18.6 | 95.1 | -4.55 | -1321.87 | 94.98 | -1.24 | 29.94 | 93.78 | -0.31 | 39.22 | 95.44 | 0.11 | 0.0 | 37.5 | 7.82 | 17.77 | 111.32 | 153.22 | 4.3 | 4.89 | -54.55 | -176.36 | -267.46 | 154.55 | 621.21 | 129.2 | 21.73 | -9.8 | -35.73 |
| 21Q1 (6) | -0.05 | 82.76 | 92.42 | 13.73 | 110.26 | 34225.0 | -4.09 | 78.73 | 82.9 | -5.43 | 74.4 | 84.83 | -0.32 | 98.49 | 99.13 | -1.77 | 63.66 | 83.98 | -0.51 | 72.28 | 83.76 | 0.11 | 22.22 | 22.22 | 6.64 | 208.32 | 140.49 | 146.91 | -4.37 | -36.55 | 71.43 | -21.6 | 5.95 | 21.43 | 141.07 | -36.43 | 24.09 | -12.11 | 0 |
| 20Q4 (5) | -0.29 | 32.56 | 74.78 | 6.53 | 27.79 | 198.34 | -19.23 | 29.53 | 52.73 | -21.21 | 26.81 | 70.49 | -21.20 | 26.95 | 69.08 | -4.87 | 18.97 | 71.96 | -1.84 | 15.6 | 68.11 | 0.09 | 12.5 | 0.0 | -6.13 | 38.7 | 88.45 | 153.63 | 5.7 | -26.66 | 91.11 | -3.92 | 60.36 | 8.89 | 71.85 | -79.42 | 27.41 | 16.54 | 1.11 |
| 20Q3 (4) | -0.43 | 51.69 | 0.0 | 5.11 | 278.05 | 0.0 | -27.29 | 7.55 | 0.0 | -28.98 | 67.85 | 0.0 | -29.02 | 67.97 | 0.0 | -6.01 | 69.87 | 0.0 | -2.18 | 67.94 | 0.0 | 0.08 | 0.0 | 0.0 | -10.00 | 85.52 | 0.0 | 145.34 | -0.5 | 0.0 | 94.83 | 191.14 | 0.0 | 5.17 | -92.33 | 0.0 | 23.52 | -30.43 | 0.0 |
| 20Q2 (3) | -0.89 | -34.85 | 0.0 | -2.87 | -7275.0 | 0.0 | -29.52 | -23.41 | 0.0 | -90.13 | -151.83 | 0.0 | -90.59 | -147.38 | 0.0 | -19.95 | -80.54 | 0.0 | -6.80 | -116.56 | 0.0 | 0.08 | -11.11 | 0.0 | -69.07 | -321.16 | 0.0 | 146.07 | -36.91 | 0.0 | 32.57 | -51.69 | 0.0 | 67.43 | 100.04 | 0.0 | 33.81 | 0 | 0.0 |
| 20Q1 (2) | -0.66 | 42.61 | 0.0 | 0.04 | 100.6 | 0.0 | -23.92 | 41.2 | 0.0 | -35.79 | 50.2 | 0.0 | -36.62 | 46.59 | 0.0 | -11.05 | 36.38 | 0.0 | -3.14 | 45.58 | 0.0 | 0.09 | 0.0 | 0.0 | -16.40 | 69.09 | 0.0 | 231.53 | 10.52 | 0.0 | 67.42 | 18.65 | 0.0 | 33.71 | -21.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.15 | 0.0 | 0.0 | -6.64 | 0.0 | 0.0 | -40.68 | 0.0 | 0.0 | -71.87 | 0.0 | 0.0 | -68.57 | 0.0 | 0.0 | -17.37 | 0.0 | 0.0 | -5.77 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -53.06 | 0.0 | 0.0 | 209.49 | 0.0 | 0.0 | 56.82 | 0.0 | 0.0 | 43.18 | 0.0 | 0.0 | 27.11 | 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) | 0.29 | -32.56 | 16.19 | -8.79 | 5.17 | 259.03 | 4.03 | -23.27 | 8.82 | -2.54 | 7.76 | -3.6 | 3.41 | -35.29 | 3.04 | -20.83 | 0.38 | -11.63 | 13.15 | -13.71 | 13.85 | -21.22 | 58.42 | 276.05 | 41.58 | -50.77 | 0.00 | 0 | 17.91 | -15.92 |
| 2022 (9) | 0.43 | 65.38 | 17.75 | 22.67 | 1.44 | 0 | 5.25 | -39.24 | 9.05 | 153.5 | 8.05 | 74.62 | 5.27 | 49.29 | 3.84 | 69.91 | 0.43 | -4.44 | 15.24 | 3.96 | 17.58 | -85.83 | 15.53 | 0 | 84.47 | -53.48 | 0.00 | 0 | 21.30 | -3.66 |
| 2021 (8) | 0.26 | 0 | 14.47 | 566.82 | -2.88 | 0 | 8.65 | -41.26 | 3.57 | 0 | 4.61 | 0 | 3.53 | 0 | 2.26 | 0 | 0.45 | 32.35 | 14.66 | 0 | 124.04 | -19.26 | -81.58 | 0 | 181.58 | 329.93 | 0.00 | 0 | 22.11 | -23.89 |
| 2020 (7) | -2.19 | 0 | 2.17 | -65.0 | -24.82 | 0 | 14.72 | 3.74 | -42.92 | 0 | -43.27 | 0 | -41.50 | 0 | -13.83 | 0 | 0.34 | -17.07 | -24.30 | 0 | 153.63 | -26.66 | 57.77 | -22.98 | 42.23 | 67.12 | 0.35 | 90.67 | 29.05 | 1.29 |
| 2019 (6) | -2.52 | 0 | 6.20 | 14.39 | -23.42 | 0 | 14.19 | 45.89 | -31.31 | 0 | -31.20 | 0 | -34.29 | 0 | -11.87 | 0 | 0.41 | 0.0 | -13.93 | 0 | 209.49 | 52.27 | 75.00 | -44.57 | 25.27 | 0 | 0.18 | -31.48 | 28.68 | 3.39 |
| 2018 (5) | -0.95 | 0 | 5.42 | -66.42 | -17.23 | 0 | 9.73 | 28.7 | -12.69 | 0 | -11.21 | 0 | -10.46 | 0 | -3.80 | 0 | 0.41 | -14.58 | -0.58 | 0 | 137.58 | 11.53 | 135.29 | 270.59 | -35.95 | 0 | 0.27 | 96.86 | 27.74 | -1.84 |
| 2017 (4) | -0.12 | 0 | 16.14 | -15.28 | -1.67 | 0 | 7.56 | 11.02 | -4.61 | 0 | -0.88 | 0 | -0.92 | 0 | 0.53 | -66.46 | 0.48 | -17.24 | 5.43 | -47.64 | 123.36 | 16.56 | 36.51 | -76.19 | 63.49 | 0 | 0.14 | 0 | 28.26 | 14.04 |
| 2016 (3) | 0.17 | -41.38 | 19.05 | 7.38 | 2.90 | 75.76 | 6.81 | -13.52 | 1.92 | 26.32 | 1.42 | -32.38 | 1.68 | -30.29 | 1.58 | -21.78 | 0.58 | -4.92 | 10.37 | -5.98 | 105.83 | 1.78 | 153.33 | 41.54 | -50.00 | 0 | 0.00 | 0 | 24.78 | -7.33 |
| 2015 (2) | 0.29 | 163.64 | 17.74 | 14.16 | 1.65 | -16.24 | 7.87 | -4.45 | 1.52 | 162.07 | 2.10 | 337.5 | 2.41 | 330.36 | 2.02 | 132.18 | 0.61 | -8.96 | 11.03 | 11.41 | 103.98 | 38.94 | 108.33 | -68.55 | -8.33 | 0 | 0.00 | 0 | 26.74 | -1.36 |
| 2014 (1) | 0.11 | 0 | 15.54 | 0 | 1.97 | 0 | 8.24 | -12.5 | 0.58 | 0 | 0.48 | 0 | 0.56 | 0 | 0.87 | 0 | 0.67 | 11.67 | 9.90 | 94.5 | 74.84 | 6.37 | 344.44 | 285.94 | -244.44 | 0 | 0.00 | 0 | 27.11 | -1.78 |
