- 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) | -0.21 | 12.5 | -161.76 | -15.62 | 20.43 | -9088.24 | -42.58 | 9.5 | -84.57 | -26.82 | -90.21 | -327.29 | -17.41 | 8.18 | -255.45 | -1.81 | 9.05 | -242.52 | -1.09 | 12.8 | -200.93 | 0.07 | 0.0 | -12.5 | -5.19 | -170.04 | -116.47 | 41.79 | -11.91 | 17.78 | 157.14 | -54.51 | 182.31 | -57.14 | 76.72 | -119.64 | 57.02 | 4.76 | 15.01 |
| 24Q2 (19) | -0.24 | -158.54 | -200.0 | -19.63 | -2786.76 | -594.46 | -47.05 | -70.84 | -159.51 | -14.10 | -171.39 | -268.86 | -18.96 | -192.31 | -337.89 | -1.99 | -194.76 | -309.47 | -1.25 | -173.53 | -248.81 | 0.07 | -12.5 | -12.5 | 7.41 | -82.04 | -72.64 | 47.44 | 34.09 | 15.06 | 345.45 | 351.24 | 262.57 | -245.45 | -203.35 | -178.55 | 54.43 | 1.66 | 23.09 |
| 24Q1 (18) | 0.41 | 197.62 | 412.5 | -0.68 | 93.81 | -140.24 | -27.54 | 21.31 | -33.75 | 19.75 | 161.91 | 805.36 | 20.54 | 173.07 | 1856.19 | 2.10 | 171.67 | 1650.0 | 1.70 | 185.43 | 709.52 | 0.08 | 0.0 | 0.0 | 41.25 | 480.54 | 147.45 | 35.38 | -1.39 | -19.06 | -137.50 | -223.28 | -122.92 | 237.50 | 2158.33 | 144.53 | 53.54 | 12.88 | 22.74 |
| 23Q4 (17) | -0.42 | -223.53 | 49.4 | -10.99 | -6364.71 | 71.34 | -35.00 | -51.71 | 43.28 | -31.90 | -370.34 | 54.94 | -28.11 | -350.98 | 49.26 | -2.93 | -330.71 | 43.55 | -1.99 | -284.26 | 44.41 | 0.08 | 0.0 | 14.29 | -10.84 | -134.39 | 76.86 | 35.88 | 1.13 | -6.64 | 111.54 | 158.42 | 27.47 | -11.54 | -103.97 | -192.31 | 47.43 | -4.34 | 8.51 |
| 23Q3 (16) | 0.34 | 41.67 | -17.07 | -0.17 | -104.28 | -107.2 | -23.07 | -27.25 | -9.13 | 11.80 | 41.32 | -40.13 | 11.20 | 40.53 | -34.81 | 1.27 | 33.68 | -32.45 | 1.08 | 28.57 | -22.86 | 0.08 | 0.0 | 0.0 | 31.52 | 16.4 | -20.76 | 35.48 | -13.95 | -15.42 | -190.91 | 10.16 | -71.82 | 290.91 | -6.91 | 37.8 | 49.58 | 12.12 | 6.67 |
| 23Q2 (15) | 0.24 | 200.0 | 0.0 | 3.97 | 134.91 | 236.44 | -18.13 | 11.95 | 11.69 | 8.35 | 398.21 | 10.45 | 7.97 | 659.05 | 28.76 | 0.95 | 691.67 | 30.14 | 0.84 | 300.0 | 47.37 | 0.08 | 0.0 | 0.0 | 27.08 | 62.45 | 4.15 | 41.23 | -5.67 | -10.49 | -212.50 | -135.42 | 15.0 | 312.50 | 158.59 | -10.71 | 44.22 | 1.38 | -4.78 |
| 23Q1 (14) | 0.08 | 109.64 | -75.0 | 1.69 | 104.41 | -66.0 | -20.59 | 66.63 | -16.72 | -2.80 | 96.05 | -120.54 | 1.05 | 101.9 | -91.8 | 0.12 | 102.31 | -91.3 | 0.21 | 105.87 | -78.79 | 0.08 | 14.29 | 14.29 | 16.67 | 135.59 | -49.44 | 43.71 | 13.74 | -3.45 | 600.00 | 585.71 | 550.0 | -533.33 | -4366.67 | -328.57 | 43.62 | -0.21 | -10.61 |
| 22Q4 (13) | -0.83 | -302.44 | -137.14 | -38.35 | -1725.0 | -206.55 | -61.71 | -191.91 | -114.27 | -70.80 | -459.21 | -214.39 | -55.40 | -422.47 | -152.97 | -5.19 | -376.06 | -92.22 | -3.58 | -355.71 | -103.41 | 0.07 | -12.5 | -12.5 | -46.84 | -217.75 | -884.03 | 38.43 | -8.39 | -24.45 | 87.50 | 178.75 | -30.0 | 12.50 | -94.08 | 142.86 | 43.71 | -5.96 | 17.53 |
| 22Q3 (12) | 0.41 | 70.83 | 2150.0 | 2.36 | 100.0 | -8.53 | -21.14 | -2.97 | -12.99 | 19.71 | 160.71 | 394.62 | 17.18 | 177.54 | 500.47 | 1.88 | 157.53 | 491.67 | 1.40 | 145.61 | 618.52 | 0.08 | 0.0 | 0.0 | 39.78 | 53.0 | 218.24 | 41.95 | -8.92 | -7.56 | -111.11 | 55.56 | -137.04 | 211.11 | -39.68 | 205.56 | 46.48 | 0.09 | -1.06 |
| 22Q2 (11) | 0.24 | -25.0 | 250.0 | 1.18 | -76.26 | -86.82 | -20.53 | -16.38 | -156.3 | 7.56 | -44.53 | 176.99 | 6.19 | -51.64 | 179.26 | 0.73 | -47.1 | 170.19 | 0.57 | -42.42 | 186.36 | 0.08 | 14.29 | -11.11 | 26.00 | -21.14 | 280.12 | 46.06 | 1.75 | -1.92 | -250.00 | -87.5 | -405.56 | 350.00 | 50.0 | 1825.0 | 46.44 | -4.84 | 12.75 |
| 22Q1 (10) | 0.32 | 191.43 | 33.33 | 4.97 | 139.73 | -66.67 | -17.64 | 38.75 | -1433.91 | 13.63 | 160.52 | 60.16 | 12.80 | 158.45 | 53.85 | 1.38 | 151.11 | 10.4 | 0.99 | 156.25 | 4.21 | 0.07 | -12.5 | -36.36 | 32.97 | 792.65 | 41.44 | 45.27 | -11.01 | 12.28 | -133.33 | -206.67 | -633.33 | 233.33 | 900.0 | 97.44 | 48.80 | 31.22 | 30.03 |
| 21Q4 (9) | -0.35 | -1650.0 | -800.0 | -12.51 | -584.88 | -178.53 | -28.80 | -53.93 | -9500.0 | -22.52 | -236.62 | -517.04 | -21.90 | -410.49 | -512.43 | -2.70 | -462.5 | -433.33 | -1.76 | -551.85 | -375.0 | 0.08 | 0.0 | -27.27 | -4.76 | -138.08 | -122.0 | 50.87 | 12.1 | 15.67 | 125.00 | -58.33 | 0 | -29.17 | 85.42 | -125.52 | 37.19 | -20.84 | 10.49 |
| 21Q3 (8) | -0.02 | 87.5 | 33.33 | 2.58 | -71.17 | -72.9 | -18.71 | -133.58 | -162.78 | -6.69 | 31.87 | -138.08 | -4.29 | 45.07 | -2623.53 | -0.48 | 53.85 | -2500.0 | -0.27 | 59.09 | -400.0 | 0.08 | -11.11 | -20.0 | 12.50 | 82.75 | -3.7 | 45.38 | -3.36 | 6.4 | 300.00 | 266.67 | 33.33 | -200.00 | -1200.0 | -33.33 | 46.98 | 14.06 | 64.9 |
| 21Q2 (7) | -0.16 | -166.67 | 51.52 | 8.95 | -39.97 | 137.15 | -8.01 | -596.52 | 85.62 | -9.82 | -215.39 | 79.37 | -7.81 | -193.87 | 77.63 | -1.04 | -183.2 | 52.29 | -0.66 | -169.47 | 56.86 | 0.09 | -18.18 | 80.0 | 6.84 | -70.66 | 164.96 | 46.96 | 16.47 | 13.16 | 81.82 | 550.0 | -30.97 | 18.18 | -84.62 | 198.18 | 41.19 | 9.75 | 0 |
| 21Q1 (6) | 0.24 | 380.0 | -20.0 | 14.91 | -6.4 | -26.55 | -1.15 | -283.33 | -257.53 | 8.51 | 57.59 | -26.0 | 8.32 | 56.69 | -20.46 | 1.25 | 54.32 | -9.42 | 0.95 | 48.44 | -16.67 | 0.11 | 0.0 | 10.0 | 23.31 | 7.72 | -19.7 | 40.32 | -8.32 | 35.12 | -18.18 | 0 | -354.55 | 118.18 | 3.41 | 27.27 | 37.53 | 11.5 | -5.85 |
| 20Q4 (5) | 0.05 | 266.67 | 129.41 | 15.93 | 67.33 | 118.52 | -0.30 | 95.79 | 98.38 | 5.40 | 292.17 | 132.55 | 5.31 | 3023.53 | 143.03 | 0.81 | 3950.0 | 163.28 | 0.64 | 611.11 | 166.67 | 0.11 | 10.0 | 37.5 | 21.64 | 66.72 | 324.31 | 43.98 | 3.12 | 78.35 | 0.00 | -100.0 | -100.0 | 114.29 | 176.19 | 1014.29 | 33.66 | 18.15 | -31.32 |
| 20Q3 (4) | -0.03 | 90.91 | 0.0 | 9.52 | 139.52 | 0.0 | -7.12 | 87.22 | 0.0 | -2.81 | 94.1 | 0.0 | 0.17 | 100.49 | 0.0 | 0.02 | 100.92 | 0.0 | 0.09 | 105.88 | 0.0 | 0.10 | 100.0 | 0.0 | 12.98 | 223.27 | 0.0 | 42.65 | 2.77 | 0.0 | 225.00 | 89.84 | 0.0 | -150.00 | -710.0 | 0.0 | 28.49 | 0 | 0.0 |
| 20Q2 (3) | -0.33 | -210.0 | 0.0 | -24.09 | -218.67 | 0.0 | -55.71 | -7731.51 | 0.0 | -47.61 | -514.0 | 0.0 | -34.91 | -433.75 | 0.0 | -2.18 | -257.97 | 0.0 | -1.53 | -234.21 | 0.0 | 0.05 | -50.0 | 0.0 | -10.53 | -136.27 | 0.0 | 41.50 | 39.08 | 0.0 | 118.52 | 1559.26 | 0.0 | -18.52 | -119.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.30 | 276.47 | 0.0 | 20.30 | 178.46 | 0.0 | 0.73 | 103.95 | 0.0 | 11.50 | 169.32 | 0.0 | 10.46 | 184.76 | 0.0 | 1.38 | 207.81 | 0.0 | 1.14 | 218.75 | 0.0 | 0.10 | 25.0 | 0.0 | 29.03 | 469.22 | 0.0 | 29.84 | 21.01 | 0.0 | 7.14 | -93.65 | 0.0 | 92.86 | 842.86 | 0.0 | 39.86 | -18.67 | 0.0 |
| 19Q4 (1) | -0.17 | 0.0 | 0.0 | 7.29 | 0.0 | 0.0 | -18.49 | 0.0 | 0.0 | -16.59 | 0.0 | 0.0 | -12.34 | 0.0 | 0.0 | -1.28 | 0.0 | 0.0 | -0.96 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 5.10 | 0.0 | 0.0 | 24.66 | 0.0 | 0.0 | 112.50 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | 49.01 | 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) | 0.24 | 71.43 | -1.09 | 0 | -23.88 | 0 | 12.50 | -9.5 | -2.78 | 0 | -1.21 | 0 | -0.55 | 0 | 0.24 | 0 | 0.33 | 10.0 | 17.22 | 13.36 | 35.88 | -6.64 | 860.00 | 39.24 | -760.00 | 0 | 5.44 | -17.39 | 46.18 | -0.58 |
| 2022 (9) | 0.14 | 0 | -6.15 | 0 | -28.90 | 0 | 13.81 | 17.53 | -4.81 | 0 | -2.70 | 0 | -1.18 | 0 | -0.47 | 0 | 0.30 | -16.67 | 15.19 | 48.92 | 38.43 | -24.45 | 617.65 | 214.06 | -511.76 | 0 | 6.59 | -2.0 | 46.45 | 14.92 |
| 2021 (8) | -0.28 | 0 | 4.34 | -57.24 | -13.12 | 0 | 11.75 | -15.46 | -6.71 | 0 | -5.59 | 0 | -2.93 | 0 | -1.74 | 0 | 0.36 | -2.7 | 10.20 | -40.14 | 50.87 | 15.67 | 196.67 | -56.83 | -96.67 | 0 | 6.72 | -24.3 | 40.42 | 5.26 |
| 2020 (7) | 0.00 | 0 | 10.15 | -49.48 | -9.10 | 0 | 13.90 | 26.12 | -2.09 | 0 | 0.09 | -98.84 | 0.04 | -98.99 | 0.32 | -91.04 | 0.37 | -13.95 | 17.04 | -30.31 | 43.98 | 78.35 | 455.56 | 0 | -344.44 | 0 | 8.88 | -25.74 | 38.40 | -4.29 |
| 2019 (6) | 1.05 | -23.36 | 20.09 | 40.0 | -1.06 | 0 | 11.02 | -2.71 | 8.46 | -7.14 | 7.74 | -18.53 | 3.96 | -7.91 | 3.57 | -1.65 | 0.43 | 16.22 | 24.45 | -4.08 | 24.66 | 73.17 | -11.90 | 0 | 114.29 | -35.14 | 11.96 | -14.72 | 40.12 | 7.88 |
| 2018 (5) | 1.37 | 2640.0 | 14.35 | -30.54 | -7.09 | 0 | 11.33 | -20.9 | 9.11 | 0 | 9.50 | 0 | 4.30 | 0 | 3.63 | 0 | 0.37 | 19.35 | 25.49 | 87.84 | 14.24 | -53.84 | -78.57 | 0 | 176.19 | 0 | 14.03 | 0 | 37.19 | 9.58 |
| 2017 (4) | 0.05 | -95.37 | 20.66 | -17.72 | -10.63 | 0 | 14.32 | -19.85 | -6.74 | 0 | -4.95 | 0 | -1.87 | 0 | -1.42 | 0 | 0.31 | 14.81 | 13.57 | -62.36 | 30.85 | 142.72 | 155.56 | 3555.56 | -59.26 | 0 | 0.00 | 0 | 33.94 | 1.43 |
| 2016 (3) | 1.08 | -49.06 | 25.11 | -11.83 | 0.61 | -93.89 | 17.87 | 14.83 | 14.74 | -48.57 | 13.81 | -45.18 | 4.16 | -58.02 | 3.77 | -58.02 | 0.27 | -25.0 | 36.05 | -20.61 | 12.71 | 16.93 | 4.26 | -87.78 | 95.74 | 46.9 | 0.00 | 0 | 33.46 | 27.52 |
| 2015 (2) | 2.12 | 1.44 | 28.48 | 20.47 | 9.98 | 67.17 | 15.56 | -15.88 | 28.66 | -0.8 | 25.19 | -3.74 | 9.91 | -1.49 | 8.98 | -2.39 | 0.36 | 2.86 | 45.41 | -6.43 | 10.87 | 9.47 | 34.82 | 70.94 | 65.18 | -18.15 | 0.00 | 0 | 26.24 | 2.18 |
| 2014 (1) | 2.09 | -1.88 | 23.64 | 0 | 5.97 | 0 | 18.50 | -2.19 | 28.89 | 0 | 26.17 | 0 | 10.06 | 0 | 9.20 | 0 | 0.35 | -10.26 | 48.53 | 0.14 | 9.93 | 11.32 | 20.37 | -26.25 | 79.63 | 10.01 | 0.00 | 0 | 25.68 | 3.17 |
