- 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) | 0.36 | 1700.0 | 16.13 | 3.70 | 131.25 | -17.59 | 2.46 | 1125.0 | -16.89 | 3.54 | 1670.0 | 14.94 | 3.54 | 1670.0 | 14.94 | 4.98 | 1617.24 | 5.96 | 1.28 | 753.33 | 9.4 | 0.34 | -2.86 | -5.56 | 4.50 | 301.79 | 13.07 | 299.75 | -9.78 | -5.89 | 69.51 | 157.93 | -28.47 | 30.49 | -84.76 | 621.54 | 6.96 | -3.33 | -7.2 |
| 24Q2 (19) | 0.02 | -90.91 | -91.3 | 1.60 | -58.33 | -61.81 | -0.24 | -110.76 | -110.71 | 0.20 | -92.09 | -92.67 | 0.20 | -92.09 | -92.67 | 0.29 | -90.91 | -91.76 | 0.15 | -81.93 | -82.95 | 0.35 | 16.67 | 20.69 | 1.12 | -67.91 | -70.91 | 332.25 | 11.94 | -1.01 | -120.00 | -236.36 | -245.71 | 200.00 | 1566.67 | 1033.33 | 7.20 | -22.91 | -12.52 |
| 24Q1 (18) | 0.22 | 650.0 | -18.52 | 3.84 | 68.42 | 3.5 | 2.23 | 2377.78 | 16.15 | 2.53 | 121.93 | -18.12 | 2.53 | 844.12 | -18.12 | 3.19 | 690.74 | -26.67 | 0.83 | 1483.33 | -19.42 | 0.30 | -21.05 | -3.23 | 3.49 | 77.16 | -15.5 | 296.80 | -12.4 | -13.81 | 88.00 | 1132.0 | 41.26 | 12.00 | -87.08 | -68.17 | 9.34 | 18.68 | 9.75 |
| 23Q4 (17) | -0.04 | -112.9 | 97.94 | 2.28 | -49.22 | 111.88 | 0.09 | -96.96 | 100.41 | 1.14 | -62.99 | 105.37 | -0.34 | -111.04 | 98.41 | -0.54 | -111.49 | 98.06 | -0.06 | -105.13 | 99.13 | 0.38 | 5.56 | 15.15 | 1.97 | -50.5 | 109.71 | 338.82 | 6.38 | -6.23 | 7.14 | -92.65 | -93.05 | 92.86 | 2097.62 | 3489.29 | 7.87 | 4.93 | -5.64 |
| 23Q3 (16) | 0.31 | 34.78 | 1133.33 | 4.49 | 7.16 | 104.09 | 2.96 | 32.14 | 920.69 | 3.08 | 12.82 | 800.0 | 3.08 | 12.82 | 800.0 | 4.70 | 33.52 | 1336.84 | 1.17 | 32.95 | 5950.0 | 0.36 | 24.14 | 56.52 | 3.98 | 3.38 | 403.8 | 318.50 | -5.11 | 26.25 | 97.18 | 18.01 | 270.07 | 4.23 | -76.06 | -97.31 | 7.50 | -8.87 | -21.63 |
| 23Q2 (15) | 0.23 | -14.81 | 114.84 | 4.19 | 12.94 | 125.07 | 2.24 | 16.67 | 112.01 | 2.73 | -11.65 | 114.09 | 2.73 | -11.65 | 114.09 | 3.52 | -19.08 | 118.66 | 0.88 | -14.56 | 116.12 | 0.29 | -6.45 | 0.0 | 3.85 | -6.78 | 120.98 | 335.64 | -2.53 | 15.44 | 82.35 | 32.2 | -14.24 | 17.65 | -53.2 | 377.83 | 8.23 | -3.29 | 4.18 |
| 23Q1 (14) | 0.27 | 113.92 | 145.45 | 3.71 | 119.33 | -21.73 | 1.92 | 108.79 | 42.22 | 3.09 | 114.55 | 81.76 | 3.09 | 114.48 | 81.76 | 4.35 | 115.66 | 250.81 | 1.03 | 114.97 | 119.15 | 0.31 | -6.06 | 29.17 | 4.13 | 120.35 | 48.03 | 344.34 | -4.7 | 72.82 | 62.30 | -39.37 | -22.13 | 37.70 | 1476.23 | 88.52 | 8.51 | 2.04 | -25.35 |
| 22Q4 (13) | -1.94 | -6366.67 | -943.48 | -19.19 | -972.27 | -889.71 | -21.84 | -7631.03 | -109100.0 | -21.24 | -4727.27 | -985.0 | -21.34 | -4750.0 | -996.64 | -27.77 | -7207.89 | -1120.96 | -6.88 | -34300.0 | -856.04 | 0.33 | 43.48 | -8.33 | -20.29 | -2668.35 | -763.07 | 361.32 | 43.22 | 67.85 | 102.74 | 279.79 | 0 | -2.74 | -101.74 | -102.74 | 8.34 | -12.85 | 18.8 |
| 22Q3 (12) | -0.03 | 98.06 | -142.86 | 2.20 | 113.17 | 3.29 | 0.29 | 101.55 | -71.0 | -0.44 | 97.73 | -166.67 | -0.44 | 97.73 | -166.67 | -0.38 | 97.99 | -144.71 | -0.02 | 99.63 | -104.35 | 0.23 | -20.69 | -41.03 | 0.79 | 104.31 | -57.98 | 252.28 | -13.23 | 10.63 | -57.14 | -159.51 | -137.27 | 157.14 | 4154.95 | 394.64 | 9.57 | 21.14 | 60.57 |
| 22Q2 (11) | -1.55 | -1509.09 | -7850.0 | -16.71 | -452.53 | -1676.42 | -18.65 | -1481.48 | -3630.0 | -19.38 | -1240.0 | -10866.67 | -19.38 | -1240.0 | -10866.67 | -18.86 | -1620.97 | -9080.95 | -5.46 | -1261.7 | -4300.0 | 0.29 | 20.83 | -17.14 | -18.35 | -757.71 | -1916.83 | 290.74 | 45.92 | 24.24 | 96.02 | 20.03 | 138.41 | 3.69 | -81.53 | -98.94 | 7.90 | -30.7 | 16.69 |
| 22Q1 (10) | 0.11 | -52.17 | -47.62 | 4.74 | 95.06 | -4.44 | 1.35 | 6850.0 | -54.7 | 1.70 | -29.17 | -44.63 | 1.70 | -28.57 | -44.63 | 1.24 | -54.41 | -54.24 | 0.47 | -48.35 | -44.71 | 0.24 | -33.33 | -7.69 | 2.79 | -8.82 | -31.95 | 199.25 | -7.44 | -13.21 | 80.00 | 0 | -18.26 | 20.00 | -80.0 | 840.0 | 11.40 | 62.39 | 14.11 |
| 21Q4 (9) | 0.23 | 228.57 | 171.88 | 2.43 | 14.08 | 177.14 | -0.02 | -102.0 | 99.66 | 2.40 | 263.64 | 173.85 | 2.38 | 260.61 | 159.8 | 2.72 | 220.0 | 165.7 | 0.91 | 97.83 | 177.78 | 0.36 | -7.69 | 16.13 | 3.06 | 62.77 | 227.5 | 215.27 | -5.6 | -11.82 | 0.00 | -100.0 | -100.0 | 100.00 | 287.5 | 227.66 | 7.02 | 17.79 | -11.7 |
| 21Q3 (8) | 0.07 | 250.0 | 103.63 | 2.13 | 100.94 | 109.87 | 1.00 | 300.0 | 104.28 | 0.66 | 266.67 | 102.9 | 0.66 | 266.67 | 102.9 | 0.85 | 304.76 | 103.95 | 0.46 | 253.85 | 106.6 | 0.39 | 11.43 | 25.81 | 1.88 | 86.14 | 108.57 | 228.04 | -2.56 | -2.58 | 153.33 | 161.33 | 49.57 | -53.33 | -115.24 | -1842.22 | 5.96 | -11.96 | -20.32 |
| 21Q2 (7) | 0.02 | -90.48 | 102.25 | 1.06 | -78.63 | 107.68 | -0.50 | -116.78 | 96.87 | 0.18 | -94.14 | 101.43 | 0.18 | -94.14 | 101.38 | 0.21 | -92.25 | 102.44 | 0.13 | -84.71 | 104.39 | 0.35 | 34.62 | 52.17 | 1.01 | -75.37 | 108.82 | 234.02 | 1.93 | 27.08 | -250.00 | -355.43 | -297.58 | 350.00 | 16350.0 | 1419.23 | 6.77 | -32.23 | 0 |
| 21Q1 (6) | 0.21 | 165.62 | 425.0 | 4.96 | 257.46 | 275.76 | 2.98 | 151.11 | 210.37 | 3.07 | 194.46 | 274.39 | 3.07 | 177.14 | 274.39 | 2.71 | 165.46 | 721.21 | 0.85 | 172.65 | 400.0 | 0.26 | -16.13 | 85.71 | 4.10 | 270.83 | 51.29 | 229.58 | -5.96 | 24.59 | 97.87 | -45.12 | 129.0 | 2.13 | 102.72 | -99.51 | 9.99 | 25.66 | 0 |
| 20Q4 (5) | -0.32 | 83.42 | -557.14 | -3.15 | 85.4 | -457.95 | -5.83 | 75.05 | -159.11 | -3.25 | 85.73 | -533.33 | -3.98 | 82.52 | -623.68 | -4.14 | 80.76 | -757.14 | -1.17 | 83.21 | -533.33 | 0.31 | 0.0 | 24.0 | -2.40 | 89.06 | -234.83 | 244.13 | 4.3 | 15.09 | 178.33 | 73.95 | 159.44 | -78.33 | -2752.64 | -119.58 | 7.95 | 6.28 | 8.46 |
| 20Q3 (4) | -1.93 | -116.85 | 0.0 | -21.58 | -56.38 | 0.0 | -23.37 | -46.34 | 0.0 | -22.77 | -80.71 | 0.0 | -22.77 | -74.75 | 0.0 | -21.52 | -150.52 | 0.0 | -6.97 | -135.47 | 0.0 | 0.31 | 34.78 | 0.0 | -21.94 | -91.62 | 0.0 | 234.07 | 27.11 | 0.0 | 102.52 | -18.98 | 0.0 | -2.75 | 89.65 | 0.0 | 7.48 | 0 | 0.0 |
| 20Q2 (3) | -0.89 | -2325.0 | 0.0 | -13.80 | -1145.45 | 0.0 | -15.97 | -491.48 | 0.0 | -12.60 | -1636.59 | 0.0 | -13.03 | -1689.02 | 0.0 | -8.59 | -2703.03 | 0.0 | -2.96 | -1841.18 | 0.0 | 0.23 | 64.29 | 0.0 | -11.45 | -522.51 | 0.0 | 184.15 | -0.07 | 0.0 | 126.53 | 137.49 | 0.0 | -26.53 | -106.06 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | -42.86 | 0.0 | 1.32 | 50.0 | 0.0 | -2.70 | -20.0 | 0.0 | 0.82 | 9.33 | 0.0 | 0.82 | 7.89 | 0.0 | 0.33 | -47.62 | 0.0 | 0.17 | -37.04 | 0.0 | 0.14 | -44.0 | 0.0 | 2.71 | 52.25 | 0.0 | 184.27 | -13.13 | 0.0 | -337.50 | -12.5 | 0.0 | 437.50 | 9.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | -2.25 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.63 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 1.78 | 0.0 | 0.0 | 212.13 | 0.0 | 0.0 | -300.00 | 0.0 | 0.0 | 400.00 | 0.0 | 0.0 | 7.33 | 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) | 0.77 | 0 | 3.61 | 0 | 1.74 | 0 | 0.68 | -6.26 | 2.45 | 0 | 2.02 | 0 | 12.05 | 0 | 2.96 | 0 | 1.33 | 22.02 | 3.40 | 0 | 338.82 | -6.23 | 71.09 | -28.26 | 28.91 | 3084.22 | 0.01 | -6.6 | 8.00 | -12.57 |
| 2022 (9) | -3.42 | 0 | -8.69 | 0 | -11.15 | 0 | 0.73 | 27.51 | -11.25 | 0 | -11.28 | 0 | -46.24 | 0 | -12.04 | 0 | 1.09 | -17.42 | -10.17 | 0 | 361.32 | 67.85 | 99.09 | 101.6 | 0.91 | -98.21 | 0.02 | 0 | 9.15 | 26.73 |
| 2021 (8) | 0.52 | 0 | 2.47 | 0 | 0.72 | 0 | 0.57 | -27.89 | 1.46 | 0 | 1.46 | 0 | 6.33 | 0 | 2.29 | 0 | 1.32 | 41.94 | 2.39 | 0 | 215.27 | -11.82 | 49.15 | -59.54 | 50.85 | 0 | 0.00 | 0 | 7.22 | -22.62 |
| 2020 (7) | -3.11 | 0 | -10.68 | 0 | -13.18 | 0 | 0.79 | 29.0 | -10.86 | 0 | -11.18 | 0 | -33.71 | 0 | -10.14 | 0 | 0.93 | 6.9 | -9.76 | 0 | 244.13 | 15.09 | 121.49 | 0 | -21.35 | 0 | 0.00 | 0 | 9.33 | 22.44 |
| 2019 (6) | 0.15 | -50.0 | 1.66 | 21.17 | -0.56 | 0 | 0.61 | 76.7 | 0.45 | -57.55 | 0.45 | -49.44 | 1.35 | -52.8 | 0.85 | -29.17 | 0.87 | 6.1 | 1.72 | -19.25 | 212.13 | -24.16 | -124.24 | 0 | 224.24 | 31.22 | 0.00 | 0 | 7.62 | 4.24 |
| 2018 (5) | 0.30 | 0 | 1.37 | 0 | -0.74 | 0 | 0.35 | -19.39 | 1.06 | 0 | 0.89 | 0 | 2.86 | 0 | 1.20 | 0 | 0.82 | -5.75 | 2.13 | 0 | 279.70 | -7.38 | -69.62 | 0 | 170.89 | 0 | 0.00 | 0 | 7.31 | 17.15 |
| 2017 (4) | -2.39 | 0 | -5.58 | 0 | -7.45 | 0 | 0.43 | -55.15 | -6.42 | 0 | -6.31 | 0 | -20.99 | 0 | -5.04 | 0 | 0.87 | 45.0 | -5.33 | 0 | 302.00 | 14.33 | 116.18 | -3.89 | -16.00 | 0 | 0.00 | 0 | 6.24 | -28.52 |
| 2016 (3) | 0.09 | -83.33 | -0.05 | 0 | -3.01 | 0 | 0.96 | -9.76 | -2.50 | 0 | 0.30 | -81.13 | -5.58 | 0 | -1.09 | 0 | 0.60 | -24.05 | -0.55 | 0 | 264.14 | 5.01 | 120.89 | 25.41 | -20.89 | 0 | 0.00 | 0 | 8.73 | 29.91 |
| 2015 (2) | 0.54 | -16.92 | 3.57 | 24.39 | 1.35 | 4.65 | 1.07 | 37.98 | 1.41 | -7.24 | 1.59 | 25.2 | 3.27 | -36.5 | 1.23 | -33.87 | 0.79 | -37.8 | 2.92 | 13.62 | 251.54 | 19.06 | 96.40 | 14.27 | 4.50 | -70.14 | 0.00 | 0 | 6.72 | 58.12 |
| 2014 (1) | 0.65 | 0 | 2.87 | 0 | 1.29 | 0 | 0.77 | -25.74 | 1.52 | 0 | 1.27 | 0 | 5.15 | 0 | 1.86 | 0 | 1.27 | 9.48 | 2.57 | 108.94 | 211.27 | -7.39 | 84.36 | -85.94 | 15.08 | 0 | 0.00 | 0 | 4.25 | -21.59 |
