- 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 | -92.86 | -77.78 | 19.51 | -6.74 | -39.6 | 1.64 | -33.33 | 281.4 | 0.69 | -80.83 | -86.2 | -0.89 | -121.65 | 25.83 | -0.23 | -122.12 | 25.81 | -0.12 | -115.19 | 25.0 | 0.19 | 5.56 | 5.56 | 7.42 | -30.07 | -37.17 | 34.42 | -14.61 | -22.49 | 225.00 | 221.43 | 3050.0 | -125.00 | -516.67 | -234.62 | 27.13 | -2.34 | -0.95 |
| 24Q2 (19) | 0.28 | -34.88 | 1300.0 | 20.92 | -20.58 | 0.29 | 2.46 | -62.27 | 189.45 | 3.60 | -66.04 | 490.16 | 4.11 | -46.48 | 448.31 | 1.04 | -43.78 | 485.19 | 0.79 | -42.34 | 664.29 | 0.18 | 5.88 | 12.5 | 10.61 | -38.88 | 33.46 | 40.31 | 11.57 | -17.9 | 70.00 | 12.0 | 114.0 | 30.00 | -23.64 | -95.0 | 27.78 | -3.88 | 60.3 |
| 24Q1 (18) | 0.43 | 272.0 | 4200.0 | 26.34 | 18.76 | 12.56 | 6.52 | 310.06 | 111.69 | 10.60 | 262.58 | 2689.47 | 7.68 | 234.5 | 1213.04 | 1.85 | 231.21 | 1333.33 | 1.37 | 247.31 | 2840.0 | 0.17 | 0.0 | 21.43 | 17.36 | 2214.67 | 124.0 | 36.13 | -12.67 | -19.8 | 62.50 | 373.44 | -92.19 | 39.29 | -68.02 | 105.61 | 28.90 | 8.69 | -24.13 |
| 23Q4 (17) | -0.25 | -377.78 | 53.7 | 22.18 | -31.33 | -8.54 | 1.59 | 269.77 | -78.57 | -6.52 | -230.4 | 25.23 | -5.71 | -375.83 | 41.07 | -1.41 | -354.84 | 42.21 | -0.93 | -481.25 | 41.51 | 0.17 | -5.56 | 0.0 | 0.75 | -93.65 | 142.37 | 41.37 | -6.85 | -17.47 | -22.86 | -420.0 | 73.17 | 122.86 | 32.31 | -33.66 | 26.59 | -2.92 | 24.43 |
| 23Q3 (16) | 0.09 | 350.0 | -90.72 | 32.30 | 54.84 | 30.77 | 0.43 | 115.64 | -95.02 | 5.00 | 719.67 | -67.13 | -1.20 | -1.69 | -109.04 | -0.31 | -14.81 | -107.71 | -0.16 | -14.29 | -106.13 | 0.18 | 12.5 | -5.26 | 11.81 | 48.55 | -43.98 | 44.41 | -9.55 | -8.56 | 7.14 | 101.43 | -87.39 | 92.86 | -84.52 | 114.14 | 27.39 | 58.05 | 19.61 |
| 23Q2 (15) | 0.02 | 100.0 | -98.96 | 20.86 | -10.85 | -32.93 | -2.75 | -189.29 | -112.78 | 0.61 | 60.53 | -97.38 | -1.18 | -71.01 | -106.81 | -0.27 | -80.0 | -102.97 | -0.14 | -180.0 | -102.42 | 0.16 | 14.29 | -51.52 | 7.95 | 2.58 | -70.5 | 49.10 | 8.99 | -25.5 | -500.00 | -162.5 | -639.86 | 600.00 | 185.71 | 8027.27 | 17.33 | -54.5 | 20.94 |
| 23Q1 (14) | 0.01 | 101.85 | -98.78 | 23.40 | -3.51 | -14.72 | 3.08 | -58.49 | -76.22 | 0.38 | 104.36 | -97.36 | -0.69 | 92.88 | -106.4 | -0.15 | 93.85 | -104.73 | -0.05 | 96.86 | -102.37 | 0.14 | -17.65 | -26.32 | 7.75 | 537.85 | -63.63 | 45.05 | -10.13 | -10.85 | 800.00 | 1039.13 | 786.02 | -700.00 | -478.0 | -7310.0 | 38.09 | 78.24 | 63.34 |
| 22Q4 (13) | -0.54 | -155.67 | -114.21 | 24.25 | -1.82 | -8.73 | 7.42 | -14.02 | 20.06 | -8.72 | -157.33 | -114.31 | -9.69 | -173.02 | -119.8 | -2.44 | -160.7 | -114.11 | -1.59 | -160.92 | -114.59 | 0.17 | -10.53 | -22.73 | -1.77 | -108.4 | -102.6 | 50.13 | 3.21 | -8.27 | -85.19 | -250.41 | -935.88 | 185.19 | 327.06 | 106.2 | 21.37 | -6.68 | -21.14 |
| 22Q3 (12) | 0.97 | -49.74 | 5.43 | 24.70 | -20.58 | -15.5 | 8.63 | -59.9 | -37.1 | 15.21 | -34.55 | 10.14 | 13.27 | -23.43 | 22.19 | 4.02 | -55.78 | -11.65 | 2.61 | -54.92 | -8.42 | 0.19 | -42.42 | -26.92 | 21.08 | -21.78 | 6.3 | 48.57 | -26.31 | -25.05 | 56.64 | -38.85 | -42.86 | 43.36 | 487.37 | 4800.0 | 22.90 | 59.8 | -5.06 |
| 22Q2 (11) | 1.93 | 135.37 | 244.64 | 31.10 | 13.34 | 25.96 | 21.52 | 66.18 | 152.29 | 23.24 | 61.39 | 153.71 | 17.33 | 60.76 | 145.47 | 9.09 | 186.75 | 249.62 | 5.79 | 174.41 | 246.71 | 0.33 | 73.68 | 43.48 | 26.95 | 26.47 | 64.03 | 65.91 | 30.44 | 10.49 | 92.62 | 2.58 | -1.21 | 7.38 | -23.96 | 18.12 | 14.33 | -38.55 | -39.02 |
| 22Q1 (10) | 0.82 | -78.42 | 0 | 27.44 | 3.27 | 64.51 | 12.95 | 109.55 | 769.13 | 14.40 | -76.36 | 2869.23 | 10.78 | -77.97 | 1053.98 | 3.17 | -81.67 | 912.82 | 2.11 | -80.64 | 1155.0 | 0.19 | -13.64 | -13.64 | 21.31 | -68.68 | 203.13 | 50.53 | -7.54 | -18.66 | 90.29 | 785.98 | 127.09 | 9.71 | -89.19 | -97.76 | 23.32 | -13.95 | 0.52 |
| 21Q4 (9) | 3.80 | 313.04 | 1004.76 | 26.57 | -9.1 | 77.13 | 6.18 | -54.96 | 724.0 | 60.92 | 341.13 | 998.53 | 48.93 | 350.55 | 754.14 | 17.29 | 280.0 | 826.47 | 10.90 | 282.46 | 807.79 | 0.22 | -15.38 | 4.76 | 68.05 | 243.17 | 4353.12 | 54.65 | -15.66 | 11.3 | 10.19 | -89.72 | 196.82 | 89.81 | 10048.41 | -18.74 | 27.10 | 12.35 | 25.35 |
| 21Q3 (8) | 0.92 | 64.29 | 355.56 | 29.23 | 18.39 | 141.17 | 13.72 | 60.84 | 452.7 | 13.81 | 50.76 | 265.39 | 10.86 | 53.82 | 254.92 | 4.55 | 75.0 | 319.81 | 2.85 | 70.66 | 315.91 | 0.26 | 13.04 | 36.84 | 19.83 | 20.69 | 0 | 64.80 | 8.63 | 25.87 | 99.12 | 5.72 | 113.1 | 0.88 | -85.84 | -98.35 | 24.12 | 2.64 | 4.15 |
| 21Q2 (7) | 0.56 | 0 | 600.0 | 24.69 | 48.02 | 46.01 | 8.53 | 472.48 | 332.99 | 9.16 | 1861.54 | 651.81 | 7.06 | 724.78 | 355.48 | 2.60 | 766.67 | 430.61 | 1.67 | 935.0 | 363.89 | 0.23 | 4.55 | 15.0 | 16.43 | 133.71 | 150.46 | 59.65 | -3.98 | 14.38 | 93.75 | 128.13 | 176.7 | 6.25 | -98.56 | -97.19 | 23.50 | 1.29 | 0 |
| 21Q1 (6) | 0.00 | 100.0 | -100.0 | 16.68 | 11.2 | -6.24 | 1.49 | 98.67 | -57.79 | -0.52 | 92.33 | -128.89 | -1.13 | 84.89 | -362.79 | -0.39 | 83.61 | -400.0 | -0.20 | 87.01 | -253.85 | 0.22 | 4.76 | 15.79 | 7.03 | 539.38 | -36.5 | 62.12 | 26.52 | 4.99 | -333.33 | -3066.67 | -266.67 | 433.33 | 292.06 | 533.33 | 23.20 | 7.31 | 0 |
| 20Q4 (5) | -0.42 | -16.67 | -55.56 | 15.00 | 23.76 | -10.23 | 0.75 | 119.28 | -80.37 | -6.78 | 18.8 | -88.86 | -7.48 | -6.7 | -57.81 | -2.38 | -14.98 | -53.55 | -1.54 | -16.67 | -57.14 | 0.21 | 10.53 | -4.55 | -1.60 | 0 | -140.0 | 49.10 | -4.62 | -7.45 | -10.53 | -122.63 | 89.95 | 110.53 | 106.64 | -46.02 | 21.62 | -6.65 | 6.4 |
| 20Q3 (4) | -0.36 | -550.0 | 0.0 | 12.12 | -28.33 | 0.0 | -3.89 | -297.46 | 0.0 | -8.35 | -403.01 | 0.0 | -7.01 | -552.26 | 0.0 | -2.07 | -522.45 | 0.0 | -1.32 | -466.67 | 0.0 | 0.19 | -5.0 | 0.0 | 0.00 | -100.0 | 0.0 | 51.48 | -1.28 | 0.0 | 46.51 | 138.05 | 0.0 | 53.49 | -75.93 | 0.0 | 23.16 | 0 | 0.0 |
| 20Q2 (3) | 0.08 | 300.0 | 0.0 | 16.91 | -4.95 | 0.0 | 1.97 | -44.19 | 0.0 | -1.66 | -192.22 | 0.0 | 1.55 | 260.47 | 0.0 | 0.49 | 276.92 | 0.0 | 0.36 | 176.92 | 0.0 | 0.20 | 5.26 | 0.0 | 6.56 | -40.74 | 0.0 | 52.15 | -11.86 | 0.0 | -122.22 | -161.11 | 0.0 | 222.22 | 322.22 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.02 | 107.41 | 0.0 | 17.79 | 6.46 | 0.0 | 3.53 | -7.59 | 0.0 | 1.80 | 150.14 | 0.0 | 0.43 | 109.07 | 0.0 | 0.13 | 108.39 | 0.0 | 0.13 | 113.27 | 0.0 | 0.19 | -13.64 | 0.0 | 11.07 | 176.75 | 0.0 | 59.17 | 11.54 | 0.0 | 200.00 | 290.91 | 0.0 | -100.00 | -148.84 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.27 | 0.0 | 0.0 | 16.71 | 0.0 | 0.0 | 3.82 | 0.0 | 0.0 | -3.59 | 0.0 | 0.0 | -4.74 | 0.0 | 0.0 | -1.55 | 0.0 | 0.0 | -0.98 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 53.05 | 0.0 | 0.0 | -104.76 | 0.0 | 0.0 | 204.76 | 0.0 | 0.0 | 20.32 | 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) | -0.13 | 0 | 24.80 | -10.27 | 0.57 | -96.0 | 6.70 | 31.53 | -0.07 | 0 | -2.19 | 0 | -2.03 | 0 | -1.21 | 0 | 0.63 | -31.52 | 7.07 | -63.08 | 41.37 | -17.47 | -1200.00 | 0 | 1400.00 | 0 | 0.16 | 47.66 | 27.29 | 40.38 |
| 2022 (9) | 3.18 | -39.77 | 27.64 | 11.86 | 14.25 | 82.23 | 5.09 | -20.61 | 13.68 | -37.82 | 10.05 | -42.17 | 14.01 | -42.32 | 9.36 | -42.01 | 0.92 | 0.0 | 19.15 | -33.74 | 50.13 | -8.27 | 103.91 | 192.68 | -4.13 | 0 | 0.11 | -18.84 | 19.44 | -20.85 |
| 2021 (8) | 5.28 | 0 | 24.71 | 59.83 | 7.82 | 1203.33 | 6.41 | -12.73 | 22.00 | 0 | 17.38 | 0 | 24.29 | 0 | 16.14 | 0 | 0.92 | 15.0 | 28.90 | 642.93 | 54.65 | 11.3 | 35.50 | 0 | 64.34 | -44.56 | 0.14 | 263.77 | 24.56 | 9.99 |
| 2020 (7) | -0.68 | 0 | 15.46 | -11.25 | 0.60 | -79.45 | 7.35 | -10.83 | -3.81 | 0 | -3.17 | 0 | -3.83 | 0 | -2.36 | 0 | 0.80 | 6.67 | 3.89 | -49.81 | 49.10 | -7.45 | -16.05 | 0 | 116.05 | -72.87 | 0.04 | -50.58 | 22.33 | 3.33 |
| 2019 (6) | -0.34 | 0 | 17.42 | -10.94 | 2.92 | -24.55 | 8.24 | 21.09 | -0.89 | 0 | -1.71 | 0 | -1.94 | 0 | -1.10 | 0 | 0.75 | 4.17 | 7.75 | -28.24 | 53.05 | 9.49 | -327.78 | 0 | 427.78 | 0 | 0.08 | -48.85 | 21.61 | -14.31 |
| 2018 (5) | 0.34 | -5.56 | 19.56 | 4.65 | 3.87 | -16.05 | 6.81 | 4.55 | 2.63 | 21.2 | 1.79 | -3.76 | 1.87 | -5.56 | 1.46 | -7.01 | 0.72 | -7.69 | 10.80 | 10.54 | 48.45 | 19.28 | 146.94 | -30.85 | -46.94 | 0 | 0.15 | 0 | 25.22 | 6.5 |
| 2017 (4) | 0.36 | -70.25 | 18.69 | 4.41 | 4.61 | 5.01 | 6.51 | -6.48 | 2.17 | -65.28 | 1.86 | -65.49 | 1.98 | -68.42 | 1.57 | -66.81 | 0.78 | -8.24 | 9.77 | -30.86 | 40.62 | 20.32 | 212.50 | 202.5 | -112.50 | 0 | 0.00 | 0 | 23.68 | 3.72 |
| 2016 (3) | 1.21 | -3.2 | 17.90 | -3.71 | 4.39 | -14.59 | 6.96 | -11.12 | 6.25 | -9.94 | 5.39 | -11.49 | 6.27 | -6.28 | 4.73 | -2.67 | 0.85 | 8.97 | 14.13 | -8.48 | 33.76 | -17.62 | 70.25 | -5.56 | 29.75 | 12.5 | 0.00 | 0 | 22.83 | 0.53 |
| 2015 (2) | 1.25 | -20.89 | 18.59 | -2.67 | 5.14 | -12.88 | 7.83 | -0.72 | 6.94 | -16.59 | 6.09 | -20.29 | 6.69 | -21.94 | 4.86 | -21.36 | 0.78 | -2.5 | 15.44 | -8.75 | 40.98 | -2.34 | 74.38 | 5.43 | 26.45 | -8.07 | 0.00 | 0 | 22.71 | -2.99 |
| 2014 (1) | 1.58 | 39.82 | 19.10 | 0 | 5.90 | 0 | 7.89 | -8.19 | 8.32 | 0 | 7.64 | 0 | 8.57 | 0 | 6.18 | 0 | 0.80 | 1.27 | 16.92 | 2.48 | 41.96 | 7.48 | 70.55 | 14.89 | 28.77 | -25.47 | 0.00 | 0 | 23.41 | 14.08 |
