- 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) | 0.31 | -75.97 | 1650.0 | 31.92 | 62.03 | 39.21 | -21.14 | 48.49 | 42.44 | 40.21 | -79.3 | 706.49 | 34.97 | -81.74 | 627.45 | 1.76 | -80.18 | 650.0 | 1.37 | -78.86 | 1153.85 | 0.04 | 33.33 | 33.33 | 49.21 | -74.2 | 802.94 | 40.47 | 0.97 | -1.1 | -52.00 | -145.82 | -110.4 | 156.00 | 28.76 | 136.71 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 1.29 | 660.87 | 343.4 | 19.70 | -15.78 | -23.17 | -41.04 | 2.33 | -15.54 | 194.25 | 571.82 | 327.3 | 191.54 | 565.24 | 324.21 | 8.88 | 541.79 | 330.65 | 6.48 | 576.47 | 350.19 | 0.03 | -25.0 | 0.0 | 190.74 | 1129.91 | 366.03 | 40.08 | 3.73 | -2.55 | -21.15 | -120.23 | -150.1 | 121.15 | 0 | 109.69 | 53.16 | 2.17 | -0.41 |
| 24Q1 (18) | -0.23 | -21.05 | 56.6 | 23.39 | 267.31 | 135.9 | -42.02 | 46.03 | 64.48 | -41.17 | 7.81 | 68.39 | -41.17 | 12.79 | 68.52 | -2.01 | 6.07 | 65.76 | -1.36 | 4.9 | 65.22 | 0.04 | 33.33 | 33.33 | -18.52 | 44.43 | 84.04 | 38.64 | -2.57 | -13.65 | 104.55 | -39.89 | 14.05 | -0.00 | 100.0 | -100.0 | 52.03 | -0.31 | 18.22 |
| 23Q4 (17) | -0.19 | -850.0 | -108.88 | -13.98 | -160.97 | 79.13 | -77.86 | -111.98 | 37.38 | -44.66 | -573.6 | -116.58 | -47.21 | -612.07 | -117.8 | -2.14 | -568.75 | -117.29 | -1.43 | -1000.0 | -117.48 | 0.03 | 0.0 | 0.0 | -33.33 | -711.56 | -111.67 | 39.66 | -3.08 | -15.81 | 173.91 | -65.22 | 475.16 | -73.91 | 82.61 | -150.5 | 52.19 | 0.87 | 19.76 |
| 23Q3 (16) | -0.02 | 96.23 | 71.43 | 22.93 | -10.57 | 379.71 | -36.73 | -3.41 | -251.82 | -6.63 | 92.24 | 16.29 | -6.63 | 92.24 | 40.75 | -0.32 | 91.69 | 71.68 | -0.13 | 94.98 | 76.79 | 0.03 | 0.0 | -50.0 | 5.45 | 107.6 | 0 | 40.92 | -0.51 | -32.52 | 500.00 | 1084.21 | 275.0 | -425.00 | -835.58 | -1175.0 | 51.74 | -3.07 | 144.87 |
| 23Q2 (15) | -0.53 | 0.0 | -212.77 | 25.64 | 139.35 | 233.33 | -35.52 | 69.97 | 59.64 | -85.46 | 34.38 | -311.38 | -85.43 | 34.67 | -270.15 | -3.85 | 34.41 | -227.06 | -2.59 | 33.76 | -237.77 | 0.03 | 0.0 | -25.0 | -71.70 | 38.23 | -233.45 | 41.13 | -8.09 | -38.0 | 42.22 | -53.94 | 119.32 | 57.78 | 494.29 | -81.86 | 53.38 | 21.29 | 52.04 |
| 23Q1 (14) | -0.53 | -124.77 | -330.43 | -65.16 | 2.73 | -471.28 | -118.30 | 4.85 | -643.56 | -130.23 | -148.34 | -651.35 | -130.77 | -149.31 | -734.5 | -5.87 | -147.42 | -502.05 | -3.91 | -147.8 | -511.58 | 0.03 | 0.0 | -25.0 | -116.07 | -140.63 | -426.68 | 44.75 | -5.01 | -40.2 | 91.67 | 297.74 | 237.5 | 9.72 | -93.36 | -94.17 | 44.01 | 0.99 | 42.75 |
| 22Q4 (13) | 2.14 | 3157.14 | 48.61 | -66.99 | -1501.46 | -363.74 | -124.33 | -1090.9 | -16459.21 | 269.41 | 3501.64 | 127.6 | 265.20 | 2469.97 | 131.35 | 12.38 | 1195.58 | 3.95 | 8.18 | 1560.71 | 16.69 | 0.03 | -50.0 | -50.0 | 285.71 | 0 | 124.65 | 47.11 | -22.31 | -29.53 | -46.36 | -134.77 | -5755.63 | 146.36 | 539.07 | 46.36 | 43.58 | 106.25 | 116.49 |
| 22Q3 (12) | -0.07 | -114.89 | -125.93 | 4.78 | 124.86 | -84.99 | -10.44 | 88.14 | -208.75 | -7.92 | -119.59 | -136.73 | -11.19 | -122.29 | -160.62 | -1.13 | -137.29 | -148.09 | -0.56 | -129.79 | -138.62 | 0.06 | 50.0 | -14.29 | 0.00 | -100.0 | -100.0 | 60.64 | -8.59 | -22.63 | 133.33 | 161.02 | 203.03 | -33.33 | -110.47 | -159.52 | 21.13 | -39.82 | 11.8 |
| 22Q2 (11) | 0.47 | 104.35 | 113.64 | -19.23 | -209.57 | -163.95 | -88.01 | -453.17 | -1076.8 | 40.43 | 71.17 | 172.62 | 50.21 | 143.62 | 242.5 | 3.03 | 107.53 | 54.59 | 1.88 | 97.89 | 48.03 | 0.04 | 0.0 | -50.0 | 53.73 | 51.22 | 150.02 | 66.34 | -11.35 | -6.29 | -218.52 | -227.78 | -457.58 | 318.52 | 91.11 | 719.05 | 35.11 | 13.88 | 84.11 |
| 22Q1 (10) | 0.23 | -84.03 | 53.33 | 17.55 | -30.91 | -25.0 | -15.91 | -2193.42 | -389.54 | 23.62 | -80.05 | 90.33 | 20.61 | -82.02 | 66.08 | 1.46 | -87.74 | 14.96 | 0.95 | -86.45 | 10.47 | 0.04 | -33.33 | -33.33 | 35.53 | -72.06 | 61.65 | 74.83 | 11.94 | 13.19 | -66.67 | -8233.33 | -144.44 | 166.67 | 66.67 | 30.95 | 30.83 | 53.15 | 27.29 |
| 21Q4 (9) | 1.44 | 433.33 | 157.14 | 25.40 | -20.23 | 25.12 | 0.76 | -92.08 | 111.39 | 118.37 | 449.03 | 140.59 | 114.63 | 520.96 | 137.62 | 11.91 | 406.81 | 103.94 | 7.01 | 383.45 | 106.78 | 0.06 | -14.29 | -14.29 | 127.18 | 341.44 | 112.75 | 66.85 | -14.71 | -1.6 | 0.82 | -98.14 | 106.15 | 100.00 | 78.57 | -13.46 | 20.13 | 6.51 | -10.65 |
| 21Q3 (8) | 0.27 | 22.73 | 350.0 | 31.84 | 5.89 | 33.5 | 9.60 | 6.55 | 291.62 | 21.56 | 45.38 | 451.41 | 18.46 | 25.92 | 372.12 | 2.35 | 19.9 | 305.17 | 1.45 | 14.17 | 229.55 | 0.07 | -12.5 | -12.5 | 28.81 | 34.06 | 108.32 | 78.38 | 10.72 | -16.46 | 44.00 | -28.0 | 135.2 | 56.00 | 44.0 | -72.0 | 18.90 | -0.89 | -12.34 |
| 21Q2 (7) | 0.22 | 46.67 | 266.67 | 30.07 | 28.5 | 38.57 | 9.01 | 377.23 | 173.61 | 14.83 | 19.5 | 356.31 | 14.66 | 18.13 | 351.08 | 1.96 | 54.33 | 366.67 | 1.27 | 47.67 | 262.86 | 0.08 | 33.33 | 14.29 | 21.49 | -2.23 | 43.27 | 70.79 | 7.08 | -22.86 | 61.11 | 324.07 | 118.33 | 38.89 | -69.44 | -90.28 | 19.07 | -21.26 | 0 |
| 21Q1 (6) | 0.15 | -73.21 | 207.14 | 23.40 | 15.27 | 42.68 | -3.25 | 51.27 | 84.46 | 12.41 | -74.78 | 169.06 | 12.41 | -74.27 | 169.06 | 1.27 | -78.25 | 164.14 | 0.86 | -74.63 | 201.18 | 0.06 | -14.29 | 0.0 | 21.98 | -63.23 | 612.35 | 66.11 | -2.69 | -32.1 | -27.27 | -104.55 | -123.64 | 127.27 | 10.14 | 927.27 | 24.22 | 7.5 | 0 |
| 20Q4 (5) | 0.56 | 833.33 | 273.33 | 20.30 | -14.88 | -9.33 | -6.67 | -33.13 | 3.05 | 49.20 | 1158.31 | 301.31 | 48.24 | 1133.76 | 295.09 | 5.84 | 906.9 | 197.96 | 3.39 | 670.45 | 205.41 | 0.07 | -12.5 | -12.5 | 59.78 | 332.25 | 165.1 | 67.94 | -27.58 | -32.94 | -13.33 | 89.33 | 77.14 | 115.56 | -42.22 | -27.02 | 22.53 | 4.5 | -2.89 |
| 20Q3 (4) | 0.06 | 0.0 | 0.0 | 23.85 | 9.91 | 0.0 | -5.01 | 59.07 | 0.0 | 3.91 | 20.31 | 0.0 | 3.91 | 20.31 | 0.0 | 0.58 | 38.1 | 0.0 | 0.44 | 25.71 | 0.0 | 0.08 | 14.29 | 0.0 | 13.83 | -7.8 | 0.0 | 93.82 | 2.23 | 0.0 | -125.00 | 62.5 | 0.0 | 200.00 | -50.0 | 0.0 | 21.56 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | 142.86 | 0.0 | 21.70 | 32.32 | 0.0 | -12.24 | 41.49 | 0.0 | 3.25 | 118.09 | 0.0 | 3.25 | 118.09 | 0.0 | 0.42 | 121.21 | 0.0 | 0.35 | 141.18 | 0.0 | 0.07 | 16.67 | 0.0 | 15.00 | 449.65 | 0.0 | 91.77 | -5.75 | 0.0 | -333.33 | -388.89 | 0.0 | 400.00 | 2700.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.14 | -193.33 | 0.0 | 16.40 | -26.75 | 0.0 | -20.92 | -204.07 | 0.0 | -17.97 | -246.57 | 0.0 | -17.97 | -247.17 | 0.0 | -1.98 | -201.02 | 0.0 | -0.85 | -176.58 | 0.0 | 0.06 | -25.0 | 0.0 | -4.29 | -119.02 | 0.0 | 97.37 | -3.89 | 0.0 | 115.38 | 297.8 | 0.0 | -15.38 | -109.72 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.15 | 0.0 | 0.0 | 22.39 | 0.0 | 0.0 | -6.88 | 0.0 | 0.0 | 12.26 | 0.0 | 0.0 | 12.21 | 0.0 | 0.0 | 1.96 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 22.55 | 0.0 | 0.0 | 101.31 | 0.0 | 0.0 | -58.33 | 0.0 | 0.0 | 158.33 | 0.0 | 0.0 | 23.20 | 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) | -1.26 | 0 | -8.04 | 0 | -67.38 | 0 | 7.94 | 3.93 | -67.10 | 0 | -67.84 | 0 | -12.16 | 0 | -8.08 | 0 | 0.12 | -29.41 | -54.67 | 0 | 39.66 | -15.81 | 100.69 | 0 | -0.69 | 0 | 0.32 | 0.67 | 50.25 | 64.81 |
| 2022 (9) | 2.77 | 33.17 | -10.12 | 0 | -48.76 | 0 | 7.64 | 38.22 | 59.69 | 46.19 | 59.11 | 51.37 | 15.87 | -8.69 | 10.61 | -1.67 | 0.17 | -37.04 | 71.02 | 46.07 | 47.11 | -29.53 | -81.82 | 0 | 181.82 | 104.98 | 0.32 | 12.73 | 30.49 | 49.75 |
| 2021 (8) | 2.08 | 285.19 | 28.03 | 34.63 | 4.62 | 0 | 5.53 | -28.54 | 40.83 | 251.07 | 39.05 | 243.75 | 17.38 | 247.6 | 10.79 | 234.06 | 0.27 | 12.5 | 48.62 | 114.94 | 66.85 | -1.6 | 11.30 | 0 | 88.70 | -53.25 | 0.28 | -15.39 | 20.36 | -14.88 |
| 2020 (7) | 0.54 | 157.14 | 20.82 | -0.05 | -10.49 | 0 | 7.74 | 15.8 | 11.63 | 194.43 | 11.36 | 188.32 | 5.00 | 93.05 | 3.23 | 70.9 | 0.24 | -27.27 | 22.62 | 69.18 | 67.94 | -32.94 | -89.74 | 0 | 189.74 | -17.29 | 0.33 | -13.85 | 23.92 | 3.19 |
| 2019 (6) | 0.21 | 0 | 20.83 | 8.55 | -5.26 | 0 | 6.68 | 0.98 | 3.95 | 359.3 | 3.94 | 398.73 | 2.59 | 407.84 | 1.89 | 133.33 | 0.33 | 3.13 | 13.37 | 29.93 | 101.31 | 3.55 | -129.41 | 0 | 229.41 | -73.01 | 0.39 | -2.1 | 23.18 | -0.17 |
| 2018 (5) | -0.02 | 0 | 19.19 | 22.39 | -7.50 | 0 | 6.62 | -7.56 | 0.86 | 0 | 0.79 | 0 | 0.51 | 0 | 0.81 | 350.0 | 0.32 | -8.57 | 10.29 | 12.21 | 97.84 | 0.23 | -775.00 | 0 | 850.00 | 0 | 0.40 | 0 | 23.22 | -4.17 |
| 2017 (4) | -0.14 | 0 | 15.68 | 0 | -12.13 | 0 | 7.16 | -39.35 | -1.09 | 0 | -1.11 | 0 | -0.77 | 0 | 0.18 | 0 | 0.35 | 6.06 | 9.17 | 0 | 97.62 | 0.54 | 1080.00 | 1042.79 | -980.00 | 0 | 0.00 | 0 | 24.23 | -14.23 |
| 2016 (3) | -1.59 | 0 | -1.65 | 0 | -38.28 | 0 | 11.80 | -49.25 | -40.57 | 0 | -41.30 | 0 | -25.40 | 0 | -13.13 | 0 | 0.33 | -2.94 | -25.39 | 0 | 97.10 | 26.2 | 94.51 | 2.08 | 5.49 | -25.99 | 0.00 | 0 | 28.25 | -20.65 |
| 2015 (2) | -1.77 | 0 | -2.51 | 0 | -42.14 | 0 | 23.26 | 0.63 | -45.54 | 0 | -46.48 | 0 | -25.40 | 0 | -15.32 | 0 | 0.34 | -8.11 | -18.69 | 0 | 76.94 | 65.85 | 92.58 | -23.35 | 7.42 | 0 | 0.00 | 0 | 35.60 | 0.17 |
| 2014 (1) | -1.07 | 0 | 2.85 | 0 | -31.17 | 0 | 23.12 | 20.97 | -25.86 | 0 | -25.99 | 0 | -14.58 | 0 | -8.93 | 0 | 0.37 | -7.5 | 0.67 | 0 | 46.39 | -21.32 | 120.78 | 52.26 | -20.78 | 0 | 0.00 | 0 | 35.54 | 3.43 |
