- 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) | -0.08 | -133.33 | -200.0 | 9.50 | 4.51 | 23.06 | 1.78 | -25.52 | 3660.0 | -0.94 | -133.69 | -174.6 | -1.02 | -136.82 | -210.87 | -0.56 | -135.44 | -203.7 | -0.08 | -107.55 | -114.55 | 0.30 | 0.0 | -6.25 | 0.78 | -82.59 | -73.2 | 80.59 | -5.91 | -0.74 | -175.00 | -292.5 | 0 | 250.00 | 1275.0 | 150.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.24 | 50.0 | -35.14 | 9.09 | 2.02 | -34.93 | 2.39 | 202.53 | -51.42 | 2.79 | 29.17 | -50.97 | 2.77 | 67.88 | -42.77 | 1.58 | 49.06 | -35.51 | 1.06 | 32.5 | -34.57 | 0.30 | -11.76 | 11.11 | 4.48 | 19.15 | -45.17 | 85.65 | -9.85 | 1.58 | 90.91 | 127.27 | 6.95 | 18.18 | -69.7 | 21.21 | 4.09 | 12.98 | -11.66 |
| 24Q1 (18) | 0.16 | 200.0 | 633.33 | 8.91 | 3.01 | -20.52 | 0.79 | -3.66 | -55.37 | 2.16 | 192.7 | 468.42 | 1.65 | 188.71 | 443.75 | 1.06 | 199.07 | 560.87 | 0.80 | 322.22 | 344.44 | 0.34 | 9.68 | 41.67 | 3.76 | 608.11 | 41.35 | 95.01 | 10.7 | 2.57 | 40.00 | 220.0 | -93.33 | 60.00 | -58.46 | 112.0 | 3.62 | 13.12 | -28.46 |
| 23Q4 (17) | -0.16 | -300.0 | -245.45 | 8.65 | 12.05 | -33.67 | 0.82 | 1740.0 | -79.45 | -2.33 | -284.92 | -218.88 | -1.86 | -302.17 | -246.46 | -1.07 | -298.15 | -248.61 | -0.36 | -165.45 | -158.06 | 0.31 | -3.13 | 34.78 | -0.74 | -125.43 | -116.86 | 85.83 | 5.71 | -17.42 | -33.33 | 0 | -116.67 | 144.44 | 44.44 | 244.44 | 3.20 | -16.01 | -32.91 |
| 23Q3 (16) | 0.08 | -78.38 | 115.69 | 7.72 | -44.74 | 54.09 | -0.05 | -101.02 | 98.71 | 1.26 | -77.86 | 123.64 | 0.92 | -80.99 | 121.8 | 0.54 | -77.96 | 114.32 | 0.55 | -66.05 | 148.67 | 0.32 | 18.52 | 3.23 | 2.91 | -64.38 | 171.85 | 81.19 | -3.71 | -61.44 | 0.00 | -100.0 | -100.0 | 100.00 | 566.67 | 300.0 | 3.81 | -17.71 | -37.44 |
| 23Q2 (15) | 0.37 | 1333.33 | 5.71 | 13.97 | 24.62 | -5.1 | 4.92 | 177.97 | -1.6 | 5.69 | 1397.37 | 15.89 | 4.84 | 1108.33 | 15.24 | 2.45 | 1165.22 | -3.54 | 1.62 | 800.0 | 42.11 | 0.27 | 12.5 | 12.5 | 8.17 | 207.14 | 30.3 | 84.32 | -8.97 | -47.32 | 85.00 | -85.83 | -15.0 | 15.00 | 103.0 | 0 | 4.63 | -8.5 | -23.6 |
| 23Q1 (14) | -0.03 | -127.27 | -106.67 | 11.21 | -14.03 | -17.88 | 1.77 | -55.64 | -65.83 | 0.38 | -80.61 | -93.95 | -0.48 | -137.8 | -109.5 | -0.23 | -131.94 | -106.87 | 0.18 | -70.97 | -88.16 | 0.24 | 4.35 | -14.29 | 2.66 | -39.41 | -63.66 | 92.63 | -10.87 | -36.55 | 600.00 | 200.0 | 641.18 | -500.00 | -400.0 | -2725.0 | 5.06 | 6.08 | -8.99 |
| 22Q4 (13) | 0.11 | 121.57 | -26.67 | 13.04 | 160.28 | 28.47 | 3.99 | 202.84 | 78.12 | 1.96 | 136.77 | -7.11 | 1.27 | 130.09 | -25.73 | 0.72 | 119.1 | -37.39 | 0.62 | 154.87 | 1.64 | 0.23 | -25.81 | -25.81 | 4.39 | 208.4 | 41.61 | 103.93 | -50.63 | -17.71 | 200.00 | 182.35 | 100.0 | -100.00 | -500.0 | 0 | 4.77 | -21.67 | -4.98 |
| 22Q3 (12) | -0.51 | -245.71 | -282.14 | 5.01 | -65.96 | -59.53 | -3.88 | -177.6 | -239.57 | -5.33 | -208.55 | -206.81 | -4.22 | -200.48 | -207.65 | -3.77 | -248.43 | -276.17 | -1.13 | -199.12 | -201.8 | 0.31 | 29.17 | 14.81 | -4.05 | -164.59 | -166.07 | 210.53 | 31.53 | 90.56 | 70.83 | -29.17 | 31.55 | 25.00 | 0 | -45.83 | 6.09 | 0.5 | -6.6 |
| 22Q2 (11) | 0.35 | -22.22 | 12.9 | 14.72 | 7.84 | -12.07 | 5.00 | -3.47 | -28.47 | 4.91 | -21.82 | -19.64 | 4.20 | -16.83 | -6.46 | 2.54 | -24.18 | 4.53 | 1.14 | -25.0 | -15.56 | 0.24 | -14.29 | -17.24 | 6.27 | -14.34 | -10.43 | 160.06 | 9.65 | 67.78 | 100.00 | 23.53 | -11.11 | 0.00 | -100.0 | 100.0 | 6.06 | 8.99 | -7.34 |
| 22Q1 (10) | 0.45 | 200.0 | 400.0 | 13.65 | 34.48 | -23.4 | 5.18 | 131.25 | 54.17 | 6.28 | 197.63 | 121.13 | 5.05 | 195.32 | 143.96 | 3.35 | 191.3 | 371.83 | 1.52 | 149.18 | 230.43 | 0.28 | -9.68 | 47.37 | 7.32 | 136.13 | 67.12 | 145.98 | 15.58 | 80.0 | 80.95 | -19.05 | -19.05 | 19.05 | 0 | 195.24 | 5.56 | 10.76 | -46.07 |
| 21Q4 (9) | 0.15 | -46.43 | 36.36 | 10.15 | -18.01 | -14.85 | 2.24 | -19.42 | 180.0 | 2.11 | -57.72 | -4.52 | 1.71 | -56.38 | -4.47 | 1.15 | -46.26 | 33.72 | 0.61 | -45.05 | 8.93 | 0.31 | 14.81 | 10.71 | 3.10 | -49.43 | -1.27 | 126.30 | 14.32 | 71.49 | 100.00 | 85.71 | 150.0 | 0.00 | -100.0 | -100.0 | 5.02 | -23.01 | -29.2 |
| 21Q3 (8) | 0.28 | -9.68 | 2700.0 | 12.38 | -26.05 | -6.42 | 2.78 | -60.23 | 796.77 | 4.99 | -18.33 | 8216.67 | 3.92 | -12.69 | 2915.38 | 2.14 | -11.93 | 4180.0 | 1.11 | -17.78 | 1485.71 | 0.27 | -6.9 | 22.73 | 6.13 | -12.43 | 415.13 | 110.48 | 15.81 | 68.0 | 53.85 | -52.14 | 0 | 46.15 | 469.23 | 0 | 6.52 | -0.31 | -28.27 |
| 21Q2 (7) | 0.31 | 244.44 | 287.5 | 16.74 | -6.06 | 214.07 | 6.99 | 108.04 | 194.59 | 6.11 | 115.14 | 139.61 | 4.49 | 116.91 | 111.79 | 2.43 | 242.25 | 192.77 | 1.35 | 193.48 | 136.84 | 0.29 | 52.63 | 26.09 | 7.00 | 59.82 | 86.17 | 95.40 | 17.63 | 38.38 | 112.50 | 12.5 | 140.18 | -12.50 | 37.5 | -103.47 | 6.54 | -36.57 | 0 |
| 21Q1 (6) | 0.09 | -18.18 | -43.75 | 17.82 | 49.5 | 27.74 | 3.36 | 320.0 | 26.32 | 2.84 | 28.51 | -41.68 | 2.07 | 15.64 | -46.92 | 0.71 | -17.44 | -49.29 | 0.46 | -17.86 | -49.45 | 0.19 | -32.14 | -9.52 | 4.38 | 39.49 | -29.92 | 81.10 | 10.12 | 21.17 | 100.00 | 150.0 | 80.0 | -20.00 | -133.33 | -145.0 | 10.31 | 45.42 | 0 |
| 20Q4 (5) | 0.11 | 1000.0 | -47.62 | 11.92 | -9.9 | -17.74 | 0.80 | 158.06 | -86.99 | 2.21 | 3583.33 | -51.75 | 1.79 | 1276.92 | -54.45 | 0.86 | 1620.0 | -53.51 | 0.56 | 700.0 | -46.67 | 0.28 | 27.27 | 12.0 | 3.14 | 163.87 | -44.91 | 73.65 | 12.0 | 3.06 | 40.00 | 0 | -71.43 | 60.00 | 0 | 250.0 | 7.09 | -22.0 | 35.31 |
| 20Q3 (4) | 0.01 | -87.5 | 0.0 | 13.23 | 148.22 | 0.0 | 0.31 | 104.19 | 0.0 | 0.06 | -97.65 | 0.0 | 0.13 | -93.87 | 0.0 | 0.05 | -93.98 | 0.0 | 0.07 | -87.72 | 0.0 | 0.22 | -4.35 | 0.0 | 1.19 | -68.35 | 0.0 | 65.76 | -4.61 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 9.09 | 0 | 0.0 |
| 20Q2 (3) | 0.08 | -50.0 | 0.0 | 5.33 | -61.79 | 0.0 | -7.39 | -377.82 | 0.0 | 2.55 | -47.64 | 0.0 | 2.12 | -45.64 | 0.0 | 0.83 | -40.71 | 0.0 | 0.57 | -37.36 | 0.0 | 0.23 | 9.52 | 0.0 | 3.76 | -39.84 | 0.0 | 68.94 | 3.0 | 0.0 | -280.00 | -604.0 | 0.0 | 360.00 | 710.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.16 | -23.81 | 0.0 | 13.95 | -3.73 | 0.0 | 2.66 | -56.75 | 0.0 | 4.87 | 6.33 | 0.0 | 3.90 | -0.76 | 0.0 | 1.40 | -24.32 | 0.0 | 0.91 | -13.33 | 0.0 | 0.21 | -16.0 | 0.0 | 6.25 | 9.65 | 0.0 | 66.93 | -6.34 | 0.0 | 55.56 | -60.32 | 0.0 | 44.44 | 211.11 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 14.49 | 0.0 | 0.0 | 6.15 | 0.0 | 0.0 | 4.58 | 0.0 | 0.0 | 3.93 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.05 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | 5.70 | 0.0 | 0.0 | 71.46 | 0.0 | 0.0 | 140.00 | 0.0 | 0.0 | -40.00 | 0.0 | 0.0 | 5.24 | 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) | 0.25 | -35.9 | 10.22 | -7.34 | 1.76 | -12.87 | 0.73 | 14.85 | 1.15 | -12.21 | 0.79 | -24.76 | 1.69 | -32.4 | 1.92 | -4.0 | 1.10 | -1.79 | 3.11 | 10.28 | 85.83 | -17.42 | 158.82 | 4.06 | -52.94 | 0 | 0.08 | 11.27 | 4.12 | -26.95 |
| 2022 (9) | 0.39 | -53.57 | 11.03 | -19.19 | 2.02 | -46.56 | 0.63 | -20.66 | 1.31 | -67.25 | 1.05 | -65.69 | 2.50 | -61.24 | 2.00 | -42.53 | 1.12 | 6.67 | 2.82 | -44.71 | 103.93 | -17.71 | 152.63 | 60.66 | -52.63 | 0 | 0.07 | 0 | 5.64 | -15.19 |
| 2021 (8) | 0.84 | 140.0 | 13.65 | 23.42 | 3.78 | 0 | 0.80 | -14.06 | 4.00 | 63.93 | 3.06 | 53.77 | 6.45 | 104.76 | 3.48 | 67.31 | 1.05 | 15.38 | 5.10 | 37.1 | 126.30 | 71.49 | 95.00 | 0 | 5.00 | -96.4 | 0.00 | 0 | 6.65 | -21.3 |
| 2020 (7) | 0.35 | 16.67 | 11.06 | -1.51 | -0.90 | 0 | 0.93 | 21.83 | 2.44 | 26.42 | 1.99 | 107.29 | 3.15 | 52.91 | 2.08 | 37.75 | 0.91 | -21.55 | 3.72 | 18.1 | 73.65 | 3.06 | -38.89 | 0 | 138.89 | 1288.89 | 0.00 | 0 | 8.45 | 27.26 |
| 2019 (6) | 0.30 | -45.45 | 11.23 | 22.87 | 1.77 | 3.51 | 0.76 | 210.22 | 1.93 | -3.98 | 0.96 | -33.79 | 2.06 | -62.75 | 1.51 | -55.06 | 1.16 | -34.46 | 3.15 | 11.31 | 71.46 | -28.38 | 90.00 | 6.07 | 10.00 | -34.0 | 0.00 | 0 | 6.64 | 39.5 |
| 2018 (5) | 0.55 | -16.67 | 9.14 | -26.53 | 1.71 | -27.54 | 0.25 | -33.62 | 2.01 | -17.28 | 1.45 | -26.02 | 5.53 | -7.37 | 3.36 | -2.33 | 1.77 | 12.74 | 2.83 | -7.52 | 99.77 | -28.16 | 84.85 | -11.76 | 15.15 | 293.94 | 0.00 | 0 | 4.76 | -31.61 |
| 2017 (4) | 0.66 | 0 | 12.44 | 89.35 | 2.36 | 0 | 0.37 | -62.75 | 2.43 | 0 | 1.96 | 0 | 5.97 | 0 | 3.44 | 0 | 1.57 | 78.41 | 3.06 | 0 | 138.88 | 191.4 | 96.15 | -5.45 | 3.85 | 0 | 0.00 | 0 | 6.96 | -45.58 |
| 2016 (3) | -1.35 | 0 | 6.57 | -57.06 | -11.93 | 0 | 1.00 | 78.04 | -11.79 | 0 | -11.30 | 0 | -14.81 | 0 | -9.72 | 0 | 0.88 | -24.79 | -10.56 | 0 | 47.66 | -4.26 | 101.69 | 86.44 | -1.69 | 0 | 0.00 | 0 | 12.79 | 28.93 |
| 2015 (2) | 0.14 | -94.89 | 15.30 | -30.89 | 0.89 | -90.98 | 0.56 | 59.81 | 1.48 | -86.53 | 0.63 | -93.76 | 1.07 | -95.27 | 0.88 | -94.2 | 1.17 | -20.95 | 2.24 | -80.61 | 49.78 | 24.2 | 54.55 | -39.68 | 36.36 | 241.82 | 0.00 | 0 | 9.92 | 8.53 |
| 2014 (1) | 2.74 | 204.44 | 22.14 | 0 | 9.87 | 0 | 0.35 | -29.5 | 10.99 | 0 | 10.09 | 0 | 22.64 | 0 | 15.18 | 0 | 1.48 | 3.5 | 11.55 | 190.93 | 40.08 | -38.64 | 90.43 | -19.91 | 10.64 | 0 | 0.00 | 0 | 9.14 | 53.61 |
