- 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) | 0.07 | 153.85 | -76.67 | -2.19 | 73.99 | -142.77 | -11.66 | 53.86 | -1255.81 | 1.82 | 115.27 | -67.32 | 1.07 | 108.98 | -80.79 | 0.22 | 107.59 | -90.0 | 0.17 | 110.62 | -86.72 | 0.12 | -14.29 | -45.45 | 12.90 | 820.67 | 3.45 | 62.96 | -10.08 | -22.98 | -733.33 | -453.57 | -4788.89 | 833.33 | 850.0 | 624.64 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.13 | -8.33 | -208.33 | -8.42 | -367.78 | -4310.0 | -25.27 | -168.54 | -257.43 | -11.92 | -103.41 | -747.83 | -11.92 | -103.41 | -963.77 | -2.90 | -34.88 | -928.57 | -1.60 | -42.86 | -740.0 | 0.14 | -30.0 | 0.0 | -1.79 | -222.6 | -114.51 | 70.02 | -16.07 | -8.58 | 207.41 | 29.63 | 148.8 | -111.11 | -85.19 | -121.16 | 16.32 | -17.37 | -13.1 |
| 24Q1 (18) | -0.12 | -141.38 | -250.0 | -1.80 | -125.9 | -212.5 | -9.41 | -418.98 | -100.21 | -5.86 | -209.74 | -29200.0 | -5.86 | -209.74 | -29200.0 | -2.15 | -185.32 | -21400.0 | -1.12 | -178.32 | -2340.0 | 0.20 | -23.08 | 33.33 | 1.46 | -86.83 | -85.34 | 83.43 | -0.68 | 4.84 | 160.00 | 195.38 | 0 | -60.00 | -230.91 | 0 | 19.75 | 30.19 | -6.53 |
| 23Q4 (17) | 0.29 | -3.33 | 141.67 | 6.95 | 35.74 | 12.64 | 2.95 | 443.02 | 191.33 | 5.34 | -4.13 | 10.79 | 5.34 | -4.13 | 108.59 | 2.52 | 14.55 | 350.0 | 1.43 | 11.72 | 297.22 | 0.26 | 18.18 | 116.67 | 11.09 | -11.07 | -34.42 | 84.00 | 2.76 | 12.07 | 54.17 | 461.11 | 177.38 | 45.83 | -60.14 | -73.04 | 15.17 | -14.49 | -19.39 |
| 23Q3 (16) | 0.30 | 150.0 | 650.0 | 5.12 | 2460.0 | 229.95 | -0.86 | 87.84 | 91.97 | 5.57 | 202.72 | 382.74 | 5.57 | 303.62 | 396.28 | 2.20 | 528.57 | 694.59 | 1.28 | 412.0 | 900.0 | 0.22 | 57.14 | 100.0 | 12.47 | 1.05 | 10.45 | 81.74 | 6.72 | 3.99 | -15.00 | 96.47 | -103.0 | 115.00 | -78.1 | 128.75 | 17.74 | -5.54 | 14.75 |
| 23Q2 (15) | 0.12 | 50.0 | -57.14 | 0.20 | -87.5 | -97.99 | -7.07 | -50.43 | -246.99 | 1.84 | 9300.0 | -73.9 | 1.38 | 7000.0 | -76.69 | 0.35 | 3600.0 | -88.29 | 0.25 | 400.0 | -83.77 | 0.14 | -6.67 | -46.15 | 12.34 | 23.9 | 0.0 | 76.59 | -3.76 | -18.06 | -425.00 | 0 | -728.26 | 525.00 | 0 | 1522.73 | 18.78 | -11.12 | 25.62 |
| 23Q1 (14) | 0.08 | -33.33 | -80.95 | 1.60 | -74.07 | -85.62 | -4.70 | -45.51 | -186.56 | -0.02 | -100.41 | -100.2 | -0.02 | -100.78 | -100.22 | -0.01 | -101.79 | -100.22 | 0.05 | -86.11 | -97.71 | 0.15 | 25.0 | -37.5 | 9.96 | -41.1 | -37.12 | 79.58 | 6.18 | -22.06 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 21.13 | 12.27 | 15.78 |
| 22Q4 (13) | 0.12 | 200.0 | -67.57 | 6.17 | 256.6 | -37.68 | -3.23 | 69.84 | -179.75 | 4.82 | 344.67 | -46.02 | 2.56 | 236.17 | -66.71 | 0.56 | 251.35 | -85.6 | 0.36 | 325.0 | -79.89 | 0.12 | 9.09 | -47.83 | 16.91 | 49.78 | 11.03 | 74.95 | -4.64 | -35.11 | -70.00 | -114.0 | -251.67 | 170.00 | 142.5 | 215.71 | 18.82 | 21.73 | -9.17 |
| 22Q3 (12) | 0.04 | -85.71 | -88.89 | -3.94 | -139.6 | -154.2 | -10.71 | -322.66 | -782.17 | -1.97 | -127.94 | -131.62 | -1.88 | -131.76 | -130.18 | -0.37 | -112.37 | -110.11 | -0.16 | -110.39 | -110.6 | 0.11 | -57.69 | -54.17 | 11.29 | -8.51 | -9.46 | 78.60 | -15.91 | -38.09 | 500.00 | 639.13 | 1971.43 | -400.00 | -1336.36 | -627.27 | 15.46 | 3.41 | -28.09 |
| 22Q2 (11) | 0.28 | -33.33 | -20.0 | 9.95 | -10.6 | 63.11 | 4.81 | -11.42 | 434.44 | 7.05 | -29.64 | 9.47 | 5.92 | -33.85 | -8.07 | 2.99 | -33.26 | -14.57 | 1.54 | -29.36 | 13.24 | 0.26 | 8.33 | 30.0 | 12.34 | -22.1 | -13.4 | 93.47 | -8.46 | -46.62 | 67.65 | 24.47 | 322.79 | 32.35 | -29.13 | -63.24 | 14.95 | -18.08 | -32.87 |
| 22Q1 (10) | 0.42 | 13.51 | 320.0 | 11.13 | 12.42 | 1326.92 | 5.43 | 34.07 | 215.29 | 10.02 | 12.21 | 954.74 | 8.95 | 16.38 | 842.11 | 4.48 | 15.17 | 918.18 | 2.18 | 21.79 | 847.83 | 0.24 | 4.35 | 41.18 | 15.84 | 4.01 | 56.52 | 102.11 | -11.6 | -37.76 | 54.35 | 17.75 | 110.87 | 45.65 | -15.22 | -92.39 | 18.25 | -11.92 | -25.39 |
| 21Q4 (9) | 0.37 | 2.78 | -9.76 | 9.90 | 36.18 | 15.12 | 4.05 | 157.96 | -20.9 | 8.93 | 43.34 | -14.71 | 7.69 | 23.43 | -26.55 | 3.89 | 6.28 | -30.41 | 1.79 | 18.54 | -5.79 | 0.23 | -4.17 | 35.29 | 15.23 | 22.13 | -19.2 | 115.51 | -9.02 | -36.6 | 46.15 | 91.21 | -7.69 | 53.85 | -29.02 | 2.31 | 20.72 | -3.63 | 109.93 |
| 21Q3 (8) | 0.36 | 2.86 | 800.0 | 7.27 | 19.18 | 252.09 | 1.57 | 74.44 | 113.48 | 6.23 | -3.26 | 266.13 | 6.23 | -3.26 | 266.13 | 3.66 | 4.57 | 307.95 | 1.51 | 11.03 | 443.18 | 0.24 | 20.0 | 71.43 | 12.47 | -12.49 | 116.12 | 126.96 | -27.49 | -45.73 | 24.14 | 50.86 | -91.95 | 75.86 | -13.79 | 136.41 | 21.50 | -3.46 | 7.55 |
| 21Q2 (7) | 0.35 | 250.0 | 483.33 | 6.10 | 682.05 | 228.96 | 0.90 | 119.11 | 108.65 | 6.44 | 577.89 | 363.93 | 6.44 | 577.89 | 363.93 | 3.50 | 695.45 | 377.78 | 1.36 | 491.3 | 553.33 | 0.20 | 17.65 | 25.0 | 14.25 | 40.81 | 135.54 | 175.09 | 6.73 | -26.2 | 16.00 | 103.2 | -96.44 | 88.00 | -85.33 | 125.14 | 22.27 | -8.95 | 0 |
| 21Q1 (6) | 0.10 | -75.61 | 131.25 | 0.78 | -90.93 | 104.74 | -4.71 | -191.99 | 81.26 | 0.95 | -90.93 | 104.7 | 0.95 | -90.93 | 104.7 | 0.44 | -92.13 | 106.66 | 0.23 | -87.89 | 111.22 | 0.17 | 0.0 | 54.55 | 10.12 | -46.31 | 237.5 | 164.05 | -9.96 | -22.09 | -500.00 | -1100.0 | -505.17 | 600.00 | 1040.0 | 2663.64 | 24.46 | 147.82 | 3.95 |
| 20Q4 (5) | 0.41 | 925.0 | 485.71 | 8.60 | 279.92 | 153.55 | 5.12 | 143.95 | 124.52 | 10.47 | 379.2 | 411.61 | 10.47 | 379.2 | 413.47 | 5.59 | 417.61 | 688.42 | 1.90 | 531.82 | 1004.76 | 0.17 | 21.43 | 88.89 | 18.85 | 226.69 | 80.73 | 182.20 | -22.11 | -12.13 | 50.00 | -83.33 | -92.05 | 52.63 | 125.26 | 109.96 | 9.87 | -50.63 | -43.21 |
| 20Q3 (4) | 0.04 | -33.33 | 0.0 | -4.78 | -1.06 | 0.0 | -11.65 | -12.02 | 0.0 | -3.75 | -53.69 | 0.0 | -3.75 | -53.69 | 0.0 | -1.76 | -39.68 | 0.0 | -0.44 | -46.67 | 0.0 | 0.14 | -12.5 | 0.0 | 5.77 | -4.63 | 0.0 | 233.93 | -1.4 | 0.0 | 300.00 | -33.33 | 0.0 | -208.33 | 40.48 | 0.0 | 19.99 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | 118.75 | 0.0 | -4.73 | 71.28 | 0.0 | -10.40 | 58.63 | 0.0 | -2.44 | 87.92 | 0.0 | -2.44 | 87.92 | 0.0 | -1.26 | 80.94 | 0.0 | -0.30 | 85.37 | 0.0 | 0.16 | 45.45 | 0.0 | 6.05 | 182.2 | 0.0 | 237.26 | 12.69 | 0.0 | 450.00 | 264.66 | 0.0 | -350.00 | -1395.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.32 | -557.14 | 0.0 | -16.47 | -2.55 | 0.0 | -25.14 | -20.4 | 0.0 | -20.20 | -501.19 | 0.0 | -20.20 | -504.79 | 0.0 | -6.61 | -595.79 | 0.0 | -2.05 | -876.19 | 0.0 | 0.11 | 22.22 | 0.0 | -7.36 | -170.57 | 0.0 | 210.55 | 1.55 | 0.0 | 123.40 | -80.37 | 0.0 | -23.40 | 95.57 | 0.0 | 23.53 | 35.39 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | -16.06 | 0.0 | 0.0 | -20.88 | 0.0 | 0.0 | -3.36 | 0.0 | 0.0 | -3.34 | 0.0 | 0.0 | -0.95 | 0.0 | 0.0 | -0.21 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 10.43 | 0.0 | 0.0 | 207.34 | 0.0 | 0.0 | 628.57 | 0.0 | 0.0 | -528.57 | 0.0 | 0.0 | 17.38 | 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) | 0.79 | -9.2 | 4.17 | -46.81 | -1.43 | 0 | 7.44 | 0.13 | 3.72 | -42.59 | 3.64 | -32.09 | 4.97 | -36.12 | 2.97 | -28.09 | 0.76 | 1.33 | 11.47 | -18.71 | 84.00 | 12.07 | -37.50 | 0 | 137.50 | 81.92 | 0.00 | 0 | 17.71 | 5.67 |
| 2022 (9) | 0.87 | -26.27 | 7.84 | 22.5 | 1.61 | 96.34 | 7.43 | 8.67 | 6.48 | 8.91 | 5.36 | -4.63 | 7.78 | -31.75 | 4.13 | -15.02 | 0.75 | -9.64 | 14.11 | 6.97 | 74.95 | -35.11 | 24.42 | 82.2 | 75.58 | -11.67 | 0.00 | 0 | 16.76 | -24.06 |
| 2021 (8) | 1.18 | 555.56 | 6.40 | 0 | 0.82 | 0 | 6.84 | -21.91 | 5.95 | 0 | 5.62 | 0 | 11.40 | 0 | 4.86 | 0 | 0.83 | 40.68 | 13.19 | 81.93 | 115.51 | -36.6 | 13.40 | -96.53 | 85.57 | 0 | 0.05 | 4.38 | 22.07 | 29.59 |
| 2020 (7) | 0.18 | 0 | -3.02 | 0 | -8.90 | 0 | 8.76 | -36.34 | -2.27 | 0 | -2.27 | 0 | -3.96 | 0 | -1.00 | 0 | 0.59 | 73.53 | 7.25 | 0 | 182.20 | -12.13 | 386.21 | 150.51 | -286.21 | 0 | 0.05 | 12.34 | 17.03 | -31.11 |
| 2019 (6) | -0.89 | 0 | -18.57 | 0 | -28.22 | 0 | 13.76 | 102.51 | -18.32 | 0 | -18.20 | 0 | -17.59 | 0 | -5.80 | 0 | 0.34 | -53.42 | -2.80 | 0 | 207.34 | 28.71 | 154.17 | 6.73 | -54.17 | 0 | 0.04 | 3.69 | 24.72 | 14.07 |
| 2018 (5) | -0.26 | 0 | 2.32 | -75.29 | -4.16 | 0 | 6.79 | 27.05 | -2.83 | 0 | -2.93 | 0 | -5.24 | 0 | -1.83 | 0 | 0.73 | -26.26 | 4.57 | -48.59 | 161.09 | 24.38 | 144.44 | 42.15 | -46.67 | 0 | 0.04 | 0 | 21.67 | 8.68 |
| 2017 (4) | 0.49 | -44.94 | 9.39 | 90.47 | 3.26 | 0 | 5.35 | 26.64 | 3.18 | 73.77 | 3.20 | 89.35 | 7.26 | 135.71 | 3.36 | 103.64 | 0.99 | 12.5 | 8.89 | 39.78 | 129.51 | 0.83 | 101.61 | 0 | -1.61 | 0 | 0.00 | 0 | 19.94 | -18.41 |
| 2016 (3) | 0.89 | 206.9 | 4.93 | 84.64 | -6.30 | 0 | 4.22 | -43.63 | 1.83 | 0 | 1.69 | 181.67 | 3.08 | 373.85 | 1.65 | 223.53 | 0.88 | 51.72 | 6.36 | -0.31 | 128.45 | 47.31 | -340.62 | 0 | 440.62 | 0 | 0.00 | 0 | 24.44 | -45.02 |
| 2015 (2) | 0.29 | 0 | 2.67 | -77.24 | -3.49 | 0 | 7.49 | -20.05 | -1.46 | 0 | 0.60 | -94.22 | 0.65 | -95.15 | 0.51 | -93.01 | 0.58 | -13.43 | 6.38 | -68.76 | 87.20 | 8.66 | 250.00 | 462.5 | -142.86 | 0 | 0.00 | 0 | 44.45 | 43.02 |
| 2014 (1) | 0.00 | 0 | 11.73 | 0 | 4.67 | 0 | 9.37 | -19.29 | 10.38 | 0 | 10.38 | 0 | 13.40 | 0 | 7.30 | 0 | 0.67 | 11.67 | 20.42 | 59.28 | 80.25 | -24.01 | 44.44 | -98.61 | 54.55 | 0 | 0.00 | 0 | 31.08 | -0.48 |
