- 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) | -0.23 | -264.29 | -4.55 | 3.70 | -43.08 | 12233.33 | -3.12 | -3566.67 | 61.81 | -3.60 | -263.64 | 17.62 | -3.65 | -265.91 | 17.05 | -1.50 | -261.29 | -3.45 | -0.36 | -158.06 | 5.26 | 0.17 | 0.0 | 21.43 | 3.31 | -62.89 | -2.93 | 140.13 | -8.48 | 2.27 | 86.67 | 0 | -55.17 | 13.33 | -85.19 | 115.38 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.14 | 300.0 | 275.0 | 6.50 | 577.08 | 107.67 | 0.09 | 101.28 | 101.59 | 2.20 | 254.93 | 257.14 | 2.20 | 254.93 | 241.03 | 0.93 | 289.8 | 289.8 | 0.62 | 1450.0 | 6100.0 | 0.17 | 21.43 | 30.77 | 8.92 | 37.65 | 39.16 | 153.12 | 0.85 | 14.59 | 0.00 | -100.0 | -100.0 | 90.00 | 122.5 | 130.0 | 9.36 | -16.2 | -20.88 |
| 24Q1 (18) | -0.07 | 83.72 | 88.89 | 0.96 | -86.09 | 117.24 | -7.05 | -376.35 | 45.69 | -1.42 | 83.81 | 88.12 | -1.42 | 82.27 | 88.12 | -0.49 | 82.56 | 87.27 | 0.04 | 104.12 | 102.78 | 0.14 | 0.0 | 0.0 | 6.48 | 576.47 | 239.96 | 151.83 | 0.62 | 8.84 | 500.00 | 3100.0 | 358.33 | -400.00 | -574.07 | -4300.0 | 11.17 | 20.24 | -1.76 |
| 23Q4 (17) | -0.43 | -95.45 | -7.5 | 6.90 | 22900.0 | 11.11 | -1.48 | 81.88 | -14700.0 | -8.77 | -100.69 | -41.22 | -8.01 | -82.05 | -27.75 | -2.81 | -93.79 | -22.71 | -0.97 | -155.26 | -32.88 | 0.14 | 0.0 | -12.5 | -1.36 | -139.88 | -300.0 | 150.90 | 10.13 | 17.51 | 15.62 | -91.92 | 0 | 84.38 | 197.36 | -15.62 | 9.29 | -17.79 | 24.2 |
| 23Q3 (16) | -0.22 | -175.0 | -152.38 | 0.03 | -99.04 | -99.59 | -8.17 | -44.09 | -1175.0 | -4.37 | -212.14 | -157.96 | -4.40 | -182.05 | -172.97 | -1.45 | -195.92 | -159.92 | -0.38 | -3900.0 | -135.85 | 0.14 | 7.69 | -6.67 | 3.41 | -46.8 | -73.81 | 137.02 | 2.54 | -2.68 | 193.33 | -49.12 | 1640.0 | -86.67 | 71.11 | -194.55 | 11.30 | -4.48 | 26.54 |
| 23Q2 (15) | -0.08 | 87.3 | -114.55 | 3.13 | 156.19 | -69.87 | -5.67 | 56.32 | -235.0 | -1.40 | 88.28 | -117.18 | -1.56 | 86.95 | -123.93 | -0.49 | 87.27 | -114.98 | 0.01 | 100.69 | -99.24 | 0.13 | -7.14 | -23.53 | 6.41 | 238.44 | -50.43 | 133.63 | -4.21 | -26.72 | 380.00 | 248.33 | 629.6 | -300.00 | -3200.0 | -726.09 | 11.83 | 4.05 | 54.24 |
| 23Q1 (14) | -0.63 | -57.5 | -210.53 | -5.57 | -189.69 | -162.65 | -12.98 | -129700.0 | -438.9 | -11.95 | -92.43 | -256.62 | -11.95 | -90.59 | -295.58 | -3.85 | -68.12 | -214.93 | -1.44 | -97.26 | -209.92 | 0.14 | -12.5 | -26.32 | -4.63 | -780.88 | -139.1 | 139.50 | 8.63 | -26.79 | 109.09 | 0 | 113.82 | -9.09 | -109.09 | -118.56 | 11.37 | 52.01 | 60.37 |
| 22Q4 (13) | -0.40 | -195.24 | -195.24 | 6.21 | -15.05 | -37.08 | -0.01 | -101.32 | -100.23 | -6.21 | -182.36 | -273.95 | -6.27 | -203.98 | -239.64 | -2.29 | -194.63 | -191.97 | -0.73 | -168.87 | -173.0 | 0.16 | 6.67 | -15.79 | 0.68 | -94.78 | -91.17 | 128.42 | -8.79 | -30.65 | -0.00 | -100.0 | -100.0 | 100.00 | 9.09 | 560.0 | 7.48 | -16.24 | 2.33 |
| 22Q3 (12) | 0.42 | -23.64 | -44.0 | 7.31 | -29.64 | -37.25 | 0.76 | -81.9 | -88.77 | 7.54 | -7.48 | 10.72 | 6.03 | -7.52 | -12.1 | 2.42 | -25.99 | -47.51 | 1.06 | -19.08 | -38.37 | 0.15 | -11.76 | -34.78 | 13.02 | 0.7 | 25.31 | 140.79 | -22.8 | -26.15 | 11.11 | -78.67 | -88.67 | 91.67 | 91.3 | 0 | 8.93 | 16.43 | 39.97 |
| 22Q2 (11) | 0.55 | -3.51 | 44.74 | 10.39 | 16.87 | -9.18 | 4.20 | 9.66 | -37.69 | 8.15 | 6.82 | 115.04 | 6.52 | 6.71 | 74.33 | 3.27 | -2.39 | 34.02 | 1.31 | 0.0 | 33.67 | 0.17 | -10.53 | -22.73 | 12.93 | 9.21 | 70.58 | 182.36 | -4.3 | -9.06 | 52.08 | 2.08 | -70.7 | 47.92 | -2.17 | 161.61 | 7.67 | 8.18 | 25.74 |
| 22Q1 (10) | 0.57 | 35.71 | 119.23 | 8.89 | -9.93 | -1.22 | 3.83 | -10.93 | 7.28 | 7.63 | 113.73 | 143.77 | 6.11 | 36.08 | 97.73 | 3.35 | 34.54 | 105.52 | 1.31 | 31.0 | 77.03 | 0.19 | 0.0 | 0.0 | 11.84 | 53.77 | 51.6 | 190.56 | 2.91 | -0.35 | 51.02 | -58.09 | -56.27 | 48.98 | 325.31 | 393.88 | 7.09 | -3.01 | 0.85 |
| 21Q4 (9) | 0.42 | -44.0 | 121.05 | 9.87 | -15.28 | 29.36 | 4.30 | -36.48 | 22.16 | 3.57 | -47.58 | 38.91 | 4.49 | -34.55 | 72.69 | 2.49 | -45.99 | 105.79 | 1.00 | -41.86 | 63.93 | 0.19 | -17.39 | 5.56 | 7.70 | -25.89 | -4.82 | 185.18 | -2.87 | 16.64 | 121.74 | 24.13 | -12.08 | -21.74 | 0 | 43.48 | 7.31 | 14.58 | 37.92 |
| 21Q3 (8) | 0.75 | 97.37 | 266.67 | 11.65 | 1.84 | 383.4 | 6.77 | 0.45 | 270.96 | 6.81 | 79.68 | 192.53 | 6.86 | 83.42 | 193.21 | 4.61 | 88.93 | 262.32 | 1.72 | 75.51 | 277.32 | 0.23 | 4.55 | 53.33 | 10.39 | 37.07 | 1563.38 | 190.65 | -4.93 | 20.14 | 98.08 | -44.83 | 78.85 | 0.00 | 100.0 | -100.0 | 6.38 | 4.59 | -14.82 |
| 21Q2 (7) | 0.38 | 46.15 | 165.52 | 11.44 | 27.11 | 274.12 | 6.74 | 88.8 | 145.11 | 3.79 | 21.09 | 131.24 | 3.74 | 21.04 | 130.83 | 2.44 | 49.69 | 168.93 | 0.98 | 32.43 | 177.17 | 0.22 | 15.79 | 83.33 | 7.58 | -2.94 | 309.97 | 200.53 | 4.86 | 36.25 | 177.78 | 52.38 | 42.22 | -77.78 | -366.67 | -245.68 | 6.10 | -13.23 | 0 |
| 21Q1 (6) | 0.26 | 36.84 | 140.0 | 9.00 | 17.96 | 889.47 | 3.57 | 1.42 | 151.89 | 3.13 | 21.79 | 128.58 | 3.09 | 18.85 | 128.22 | 1.63 | 34.71 | 143.35 | 0.74 | 21.31 | 152.86 | 0.19 | 5.56 | 35.71 | 7.81 | -3.46 | 302.33 | 191.23 | 20.45 | 26.96 | 116.67 | -15.74 | 87.5 | -16.67 | 56.67 | -144.12 | 7.03 | 32.64 | 0 |
| 20Q4 (5) | 0.19 | 142.22 | 136.54 | 7.63 | 216.6 | 215.29 | 3.52 | 188.89 | 243.67 | 2.57 | 134.92 | 144.62 | 2.60 | 135.33 | 137.46 | 1.21 | 142.61 | 142.76 | 0.61 | 162.89 | 156.48 | 0.18 | 20.0 | 0.0 | 8.09 | 1239.44 | 4357.89 | 158.76 | 0.04 | 18.41 | 138.46 | 152.49 | 219.53 | -38.46 | -185.16 | -167.87 | 5.30 | -29.24 | -37.05 |
| 20Q3 (4) | -0.45 | 22.41 | 0.0 | 2.41 | 136.68 | 0.0 | -3.96 | 73.49 | 0.0 | -7.36 | 39.32 | 0.0 | -7.36 | 39.32 | 0.0 | -2.84 | 19.77 | 0.0 | -0.97 | 23.62 | 0.0 | 0.15 | 25.0 | 0.0 | -0.71 | 80.33 | 0.0 | 158.69 | 7.82 | 0.0 | 54.84 | -56.13 | 0.0 | 45.16 | 300.72 | 0.0 | 7.49 | 0 | 0.0 |
| 20Q2 (3) | -0.58 | 10.77 | 0.0 | -6.57 | -476.32 | 0.0 | -14.94 | -117.15 | 0.0 | -12.13 | -10.78 | 0.0 | -12.13 | -10.78 | 0.0 | -3.54 | 5.85 | 0.0 | -1.27 | 9.29 | 0.0 | 0.12 | -14.29 | 0.0 | -3.61 | 6.48 | 0.0 | 147.18 | -2.28 | 0.0 | 125.00 | 100.89 | 0.0 | -22.50 | -159.56 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.65 | -25.0 | 0.0 | -1.14 | -147.11 | 0.0 | -6.88 | -180.82 | 0.0 | -10.95 | -90.1 | 0.0 | -10.95 | -57.78 | 0.0 | -3.76 | -32.86 | 0.0 | -1.40 | -29.63 | 0.0 | 0.14 | -22.22 | 0.0 | -3.86 | -1931.58 | 0.0 | 150.62 | 12.34 | 0.0 | 62.22 | 43.59 | 0.0 | 37.78 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.52 | 0.0 | 0.0 | 2.42 | 0.0 | 0.0 | -2.45 | 0.0 | 0.0 | -5.76 | 0.0 | 0.0 | -6.94 | 0.0 | 0.0 | -2.83 | 0.0 | 0.0 | -1.08 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | -0.19 | 0.0 | 0.0 | 134.08 | 0.0 | 0.0 | 43.33 | 0.0 | 0.0 | 56.67 | 0.0 | 0.0 | 8.42 | 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) | -1.36 | 0 | 1.10 | -86.9 | -7.09 | 0 | 5.73 | 45.45 | -6.74 | 0 | -6.59 | 0 | -8.45 | 0 | -2.73 | 0 | 0.54 | -23.94 | 0.91 | -91.0 | 150.90 | 17.51 | 105.21 | 110.42 | -5.21 | 0 | 0.00 | 0 | 10.93 | 41.21 |
| 2022 (9) | 1.14 | -37.02 | 8.40 | -20.75 | 2.45 | -55.29 | 3.94 | 25.05 | 4.91 | 10.34 | 3.66 | -21.46 | 6.64 | -39.69 | 3.30 | -29.03 | 0.71 | -18.39 | 10.11 | 19.08 | 128.42 | -30.65 | 50.00 | -59.46 | 50.00 | 0 | 0.00 | 0 | 7.74 | 16.04 |
| 2021 (8) | 1.81 | 0 | 10.60 | 696.99 | 5.48 | 0 | 3.15 | -43.11 | 4.45 | 0 | 4.66 | 0 | 11.01 | 0 | 4.65 | 0 | 0.87 | 50.0 | 8.49 | 1315.0 | 185.18 | 16.64 | 123.33 | 66.58 | -23.33 | 0 | 0.00 | 0 | 6.67 | -24.97 |
| 2020 (7) | -1.49 | 0 | 1.33 | -50.0 | -4.60 | 0 | 5.54 | 28.38 | -6.19 | 0 | -6.18 | 0 | -8.81 | 0 | -3.00 | 0 | 0.58 | -15.94 | 0.60 | -80.0 | 158.76 | 18.41 | 74.04 | -23.06 | 25.96 | 587.98 | 0.00 | 0 | 8.89 | -0.89 |
| 2019 (6) | -0.82 | 0 | 2.66 | -65.54 | -2.38 | 0 | 4.32 | 28.67 | -2.46 | 0 | -2.71 | 0 | -4.39 | 0 | -1.24 | 0 | 0.69 | -13.75 | 3.00 | -62.07 | 134.08 | -1.83 | 96.23 | 14.43 | 3.77 | -77.86 | 0.00 | 0 | 8.97 | 28.88 |
| 2018 (5) | 1.02 | 148.78 | 7.72 | -16.99 | 2.68 | -39.5 | 3.36 | -3.37 | 3.23 | 154.33 | 2.68 | 168.0 | 5.16 | 214.63 | 3.00 | 114.29 | 0.80 | 12.68 | 7.91 | 33.61 | 136.58 | -6.63 | 84.09 | -75.86 | 17.05 | 0 | 0.00 | 0 | 6.96 | -5.82 |
| 2017 (4) | 0.41 | -76.3 | 9.30 | -16.74 | 4.43 | -21.17 | 3.47 | -2.32 | 1.27 | -81.51 | 1.00 | -82.21 | 1.64 | -79.9 | 1.40 | -69.83 | 0.71 | -1.39 | 5.92 | -48.34 | 146.28 | 28.62 | 348.39 | 326.77 | -248.39 | 0 | 0.00 | 0 | 7.39 | -7.97 |
| 2016 (3) | 1.73 | 27.21 | 11.17 | 26.93 | 5.62 | 28.9 | 3.55 | 36.68 | 6.87 | 14.5 | 5.62 | 36.08 | 8.16 | 25.15 | 4.64 | 19.9 | 0.72 | -12.2 | 11.46 | 22.96 | 113.73 | 24.9 | 81.63 | 11.54 | 18.37 | -33.3 | 0.00 | 0 | 8.03 | 16.72 |
| 2015 (2) | 1.36 | -51.77 | 8.80 | -15.3 | 4.36 | -23.1 | 2.60 | 27.76 | 6.00 | -19.57 | 4.13 | -33.71 | 6.52 | -49.3 | 3.87 | -44.71 | 0.82 | -21.15 | 9.32 | -8.09 | 91.06 | -1.94 | 73.19 | -3.8 | 27.54 | 15.1 | 0.00 | 0 | 6.88 | 20.49 |
| 2014 (1) | 2.82 | 27.03 | 10.39 | 0 | 5.67 | 0 | 2.04 | 11.42 | 7.46 | 0 | 6.23 | 0 | 12.86 | 0 | 7.00 | 0 | 1.04 | -8.77 | 10.14 | 22.76 | 92.86 | -12.23 | 76.08 | -14.67 | 23.92 | 120.63 | 0.00 | 0 | 5.71 | 7.13 |
