- 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) | 0.02 | -66.67 | 128.57 | 4.46 | -43.04 | 235.34 | -7.64 | 19.49 | 15.3 | 0.77 | -71.16 | 144.0 | 0.51 | -80.16 | 127.57 | 0.11 | -73.17 | 123.4 | 0.13 | -62.86 | 159.09 | 0.16 | 45.45 | -5.88 | 5.40 | -39.26 | 140.0 | 39.57 | 4.19 | -26.34 | -987.50 | -170.55 | -293.97 | 1087.50 | 133.87 | 365.83 | 13.23 | -23.35 | 34.31 |
| 24Q2 (19) | 0.06 | 0 | 120.0 | 7.83 | 4993.75 | 287.77 | -9.49 | 50.11 | 46.92 | 2.67 | 523.81 | 117.38 | 2.57 | 1170.83 | 118.12 | 0.41 | 1466.67 | 120.3 | 0.35 | 250.0 | 126.32 | 0.11 | 22.22 | 10.0 | 8.89 | 22.12 | 197.26 | 37.98 | -17.67 | -17.51 | -365.00 | -111.68 | -415.36 | 465.00 | 115.37 | 2890.0 | 17.26 | 0.06 | 0.23 |
| 24Q1 (18) | 0.00 | 100.0 | 100.0 | -0.16 | -109.09 | -127.59 | -19.02 | -59.3 | -49.18 | -0.63 | 93.22 | 96.21 | -0.24 | 96.65 | 98.32 | -0.03 | 97.99 | 98.78 | 0.10 | 111.24 | 106.33 | 0.09 | -35.71 | -25.0 | 7.28 | 232.12 | 165.35 | 46.13 | -4.51 | 3.78 | 3125.00 | 2342.23 | 3962.5 | -3025.00 | -10319.44 | -13208.33 | 17.25 | 154.05 | 11.8 |
| 23Q4 (17) | -0.22 | -214.29 | 67.65 | 1.76 | 32.33 | -76.69 | -11.94 | -32.37 | -1513.51 | -9.29 | -430.86 | 39.83 | -7.17 | -287.57 | 39.03 | -1.49 | -217.02 | 65.43 | -0.89 | -304.55 | 66.42 | 0.14 | -17.65 | -41.67 | -5.51 | -344.89 | 61.31 | 48.31 | -10.07 | 0.02 | 127.96 | -74.87 | 2577.96 | -29.03 | 92.9 | -130.49 | 6.79 | -31.07 | 170.52 |
| 23Q3 (16) | -0.07 | 76.67 | -143.75 | 1.33 | 131.89 | -76.67 | -9.02 | 49.55 | -1000.0 | -1.75 | 88.61 | -141.97 | -1.85 | 86.95 | -167.27 | -0.47 | 76.73 | -147.47 | -0.22 | 83.46 | -129.73 | 0.17 | 70.0 | -26.09 | 2.25 | 124.62 | -66.86 | 53.72 | 16.68 | -14.66 | 509.09 | 339.85 | 2613.64 | -409.09 | -2354.55 | -440.19 | 9.85 | -42.8 | 41.73 |
| 23Q2 (15) | -0.30 | 18.92 | 3.23 | -4.17 | -818.97 | -202.96 | -17.88 | -40.24 | -153.26 | -15.36 | 7.53 | -96.17 | -14.18 | 0.49 | -65.08 | -2.02 | 17.55 | -5.76 | -1.33 | 15.82 | -10.83 | 0.10 | -16.67 | -33.33 | -9.14 | 17.95 | -115.06 | 46.04 | 3.58 | -17.02 | 115.74 | 50.46 | 28.29 | -16.67 | -172.22 | -270.37 | 17.22 | 11.6 | 63.69 |
| 23Q1 (14) | -0.37 | 45.59 | -27.59 | 0.58 | -92.32 | 136.48 | -12.75 | -1622.97 | 0.86 | -16.61 | -7.58 | -28.16 | -14.25 | -21.17 | -17.28 | -2.45 | 43.16 | -40.0 | -1.58 | 40.38 | -33.9 | 0.12 | -50.0 | 20.0 | -11.14 | 21.77 | -40.13 | 44.45 | -7.97 | 2.25 | 76.92 | 1509.89 | -22.31 | 23.08 | -75.77 | 2230.77 | 15.43 | 514.74 | 41.3 |
| 22Q4 (13) | -0.68 | -525.0 | -750.0 | 7.55 | 32.46 | 855.0 | -0.74 | 9.76 | 93.62 | -15.44 | -470.26 | -437.98 | -11.76 | -527.64 | -383.95 | -4.31 | -535.35 | -836.96 | -2.65 | -458.11 | -881.48 | 0.24 | 4.35 | 84.62 | -14.24 | -309.72 | -2555.17 | 48.30 | -23.27 | 22.96 | 4.78 | 123.59 | -98.81 | 95.22 | -20.82 | 131.74 | 2.51 | -63.88 | -80.06 |
| 22Q3 (12) | 0.16 | 151.61 | -5.88 | 5.70 | 40.74 | 790.63 | -0.82 | 88.39 | 91.98 | 4.17 | 153.26 | -18.87 | 2.75 | 132.01 | -53.94 | 0.99 | 151.83 | 0.0 | 0.74 | 161.67 | -1.33 | 0.23 | 53.33 | 91.67 | 6.79 | 259.76 | -24.39 | 62.95 | 13.46 | 51.65 | -20.25 | -122.45 | 89.76 | 120.25 | 1129.25 | -59.63 | 6.95 | -33.94 | -56.81 |
| 22Q2 (11) | -0.31 | -6.9 | -1133.33 | 4.05 | 354.72 | 16.38 | -7.06 | 45.1 | -1.29 | -7.83 | 39.58 | -2160.53 | -8.59 | 29.3 | -821.85 | -1.91 | -9.14 | -1009.52 | -1.20 | -1.69 | -700.0 | 0.15 | 50.0 | 25.0 | -4.25 | 46.54 | -203.41 | 55.48 | 27.63 | 36.35 | 90.22 | -8.88 | 105.47 | 9.78 | 888.04 | -99.44 | 10.52 | -3.66 | -9.39 |
| 22Q1 (10) | -0.29 | -262.5 | -480.0 | -1.59 | -59.0 | -120.76 | -12.86 | -10.86 | -9792.31 | -12.96 | -351.57 | -920.47 | -12.15 | -400.0 | -683.87 | -1.75 | -280.43 | -483.33 | -1.18 | -337.04 | -686.67 | 0.10 | -23.08 | -23.08 | -7.95 | -1470.69 | -499.5 | 43.47 | 10.67 | -0.66 | 99.01 | -75.25 | 1187.13 | 0.99 | 100.33 | -98.93 | 10.92 | -13.26 | 0.28 |
| 21Q4 (9) | -0.08 | -147.06 | -180.0 | -1.00 | -256.25 | -110.1 | -11.60 | -13.5 | -495.9 | -2.87 | -155.84 | -192.88 | -2.43 | -140.7 | -207.05 | -0.46 | -146.46 | -179.31 | -0.27 | -136.0 | -162.79 | 0.13 | 8.33 | -23.53 | 0.58 | -93.54 | -89.32 | 39.28 | -5.37 | -19.46 | 400.00 | 302.15 | 330.0 | -300.00 | -200.71 | -6550.0 | 12.59 | -21.75 | 59.77 |
| 21Q3 (8) | 0.17 | 466.67 | 950.0 | 0.64 | -81.61 | -91.34 | -10.22 | -46.63 | -2905.88 | 5.14 | 1252.63 | 1323.81 | 5.97 | 401.68 | 1248.08 | 0.99 | 371.43 | 925.0 | 0.75 | 275.0 | 3850.0 | 0.12 | 0.0 | -25.0 | 8.98 | 118.49 | 293.86 | 41.51 | 2.02 | -18.75 | -197.87 | 88.01 | -347.34 | 297.87 | -82.98 | 1389.36 | 16.09 | 38.59 | 102.39 |
| 21Q2 (7) | 0.03 | 160.0 | -40.0 | 3.48 | -54.57 | -47.27 | -6.97 | -5261.54 | -272.73 | 0.38 | 129.92 | 442.86 | 1.19 | 176.77 | -0.83 | 0.21 | 170.0 | -25.0 | 0.20 | 233.33 | -23.08 | 0.12 | -7.69 | -25.0 | 4.11 | 106.53 | 31.73 | 40.69 | -7.02 | -5.28 | -1650.00 | -21550.0 | 28.26 | 1750.00 | 1795.83 | -27.08 | 11.61 | 6.61 | 0 |
| 21Q1 (6) | -0.05 | -150.0 | 0.0 | 7.66 | -22.63 | 21.78 | -0.13 | -104.44 | 96.84 | -1.27 | -141.1 | 39.23 | -1.55 | -168.28 | 10.92 | -0.30 | -151.72 | 0.0 | -0.15 | -134.88 | -7.14 | 0.13 | -23.53 | 8.33 | 1.99 | -63.35 | 15.7 | 43.76 | -10.27 | 4.04 | 7.69 | -91.73 | -96.15 | 92.31 | 1884.62 | 192.31 | 10.89 | 38.2 | 0 |
| 20Q4 (5) | 0.10 | 600.0 | 900.0 | 9.90 | 33.96 | 18.0 | 2.93 | 961.76 | 110.79 | 3.09 | 835.71 | 713.16 | 2.27 | 536.54 | 587.88 | 0.58 | 583.33 | 625.0 | 0.43 | 2250.0 | 258.33 | 0.17 | 6.25 | 0.0 | 5.43 | 138.16 | 55.14 | 48.77 | -4.54 | 5.77 | 93.02 | 16.28 | -75.52 | 4.65 | -76.74 | 101.66 | 7.88 | -0.88 | 13.06 |
| 20Q3 (4) | -0.02 | -140.0 | 0.0 | 7.39 | 11.97 | 0.0 | -0.34 | 81.82 | 0.0 | -0.42 | -700.0 | 0.0 | -0.52 | -143.33 | 0.0 | -0.12 | -142.86 | 0.0 | -0.02 | -107.69 | 0.0 | 0.16 | 0.0 | 0.0 | 2.28 | -26.92 | 0.0 | 51.09 | 18.92 | 0.0 | 80.00 | 103.48 | 0.0 | 20.00 | -99.17 | 0.0 | 7.95 | 0 | 0.0 |
| 20Q2 (3) | 0.05 | 200.0 | 0.0 | 6.60 | 4.93 | 0.0 | -1.87 | 54.61 | 0.0 | 0.07 | 103.35 | 0.0 | 1.20 | 168.97 | 0.0 | 0.28 | 193.33 | 0.0 | 0.26 | 285.71 | 0.0 | 0.16 | 33.33 | 0.0 | 3.12 | 81.4 | 0.0 | 42.96 | 2.14 | 0.0 | -2300.00 | -1250.0 | 0.0 | 2400.00 | 2500.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.05 | -600.0 | 0.0 | 6.29 | -25.03 | 0.0 | -4.12 | -396.4 | 0.0 | -2.09 | -650.0 | 0.0 | -1.74 | -627.27 | 0.0 | -0.30 | -475.0 | 0.0 | -0.14 | -216.67 | 0.0 | 0.12 | -29.41 | 0.0 | 1.72 | -50.86 | 0.0 | 42.06 | -8.78 | 0.0 | 200.00 | -47.37 | 0.0 | -100.00 | 64.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 8.39 | 0.0 | 0.0 | 1.39 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 3.50 | 0.0 | 0.0 | 46.11 | 0.0 | 0.0 | 380.00 | 0.0 | 0.0 | -280.00 | 0.0 | 0.0 | 6.97 | 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) | -0.97 | 0 | 0.26 | -94.79 | -12.26 | 0 | 3.73 | 86.69 | -9.60 | 0 | -8.33 | 0 | -6.44 | 0 | -3.99 | 0 | 0.52 | -31.58 | -4.91 | 0 | 48.31 | 0.02 | 127.95 | 144.48 | -27.67 | 0 | 0.35 | 47.47 | 11.67 | 72.89 |
| 2022 (9) | -1.12 | 0 | 4.99 | 80.14 | -3.70 | 0 | 2.00 | -33.7 | -7.07 | 0 | -6.37 | 0 | -6.98 | 0 | -4.46 | 0 | 0.76 | 49.02 | -4.38 | 0 | 48.30 | 22.96 | 52.33 | 0 | 47.67 | -98.68 | 0.24 | 21.2 | 6.75 | -46.89 |
| 2021 (8) | 0.07 | 0.0 | 2.77 | -63.98 | -7.11 | 0 | 3.01 | 30.13 | 0.19 | -51.28 | 0.62 | 26.53 | 0.45 | 4.65 | 0.54 | 0.0 | 0.51 | -15.0 | 3.78 | 16.31 | 39.28 | -19.46 | -3500.00 | 0 | 3600.00 | 1454.55 | 0.20 | 5.77 | 12.71 | 45.09 |
| 2020 (7) | 0.07 | -56.25 | 7.69 | -5.64 | -0.53 | 0 | 2.32 | 5.8 | 0.39 | -65.79 | 0.49 | -45.56 | 0.43 | -53.76 | 0.54 | -33.33 | 0.60 | -17.81 | 3.25 | -10.47 | 48.77 | 5.77 | -131.58 | 0 | 231.58 | 385.57 | 0.19 | -12.35 | 8.76 | -3.84 |
| 2019 (6) | 0.16 | -68.63 | 8.15 | 27.34 | 0.60 | -36.17 | 2.19 | 126.88 | 1.14 | -55.64 | 0.90 | -53.61 | 0.93 | -68.9 | 0.81 | -61.79 | 0.73 | -33.03 | 3.63 | 1.4 | 46.11 | 19.02 | 52.31 | 44.5 | 47.69 | -25.25 | 0.21 | -8.33 | 9.11 | 26.0 |
| 2018 (5) | 0.51 | 18.6 | 6.40 | -10.24 | 0.94 | -3.09 | 0.97 | 10.08 | 2.57 | 35.98 | 1.94 | 26.8 | 2.99 | 19.12 | 2.12 | 23.26 | 1.09 | -1.8 | 3.58 | 26.5 | 38.74 | -11.09 | 36.20 | -30.02 | 63.80 | 30.6 | 0.23 | 16.05 | 7.23 | -5.37 |
| 2017 (4) | 0.43 | -57.84 | 7.13 | -12.3 | 0.97 | -52.91 | 0.88 | -7.55 | 1.89 | -52.51 | 1.53 | -53.21 | 2.51 | -56.87 | 1.72 | -55.67 | 1.11 | -5.93 | 2.83 | -43.06 | 43.57 | -13.47 | 51.72 | -0.23 | 48.85 | 1.44 | 0.20 | 0 | 7.64 | 7.45 |
| 2016 (3) | 1.02 | -27.66 | 8.13 | -12.11 | 2.06 | -54.63 | 0.95 | 38.03 | 3.98 | -13.48 | 3.27 | 2.51 | 5.82 | -28.85 | 3.88 | -23.32 | 1.18 | -25.79 | 4.97 | -6.05 | 50.35 | -1.0 | 51.84 | -47.44 | 48.16 | 3447.58 | 0.00 | 0 | 7.11 | 10.58 |
| 2015 (2) | 1.41 | 34.29 | 9.25 | 24.66 | 4.54 | 62.14 | 0.69 | 3.25 | 4.60 | 66.67 | 3.19 | 49.77 | 8.18 | 26.82 | 5.06 | 32.81 | 1.59 | -11.17 | 5.29 | 54.23 | 50.86 | -30.14 | 98.64 | -2.89 | 1.36 | 0 | 0.00 | 0 | 6.43 | -4.46 |
| 2014 (1) | 1.05 | 114.29 | 7.42 | 0 | 2.80 | 0 | 0.67 | -2.37 | 2.76 | 0 | 2.13 | 0 | 6.45 | 0 | 3.81 | 0 | 1.79 | 10.49 | 3.43 | 41.74 | 72.80 | 10.39 | 101.58 | 72.14 | -1.58 | 0 | 0.00 | 0 | 6.73 | -11.8 |
