- 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) | -0.19 | 29.63 | -733.33 | 60.03 | -5.03 | -0.43 | -18.35 | -10.14 | -995.12 | -13.20 | 34.33 | -935.44 | -13.20 | 34.33 | -935.44 | -3.22 | 25.64 | -905.0 | -1.17 | 35.0 | -392.5 | 0.11 | 10.0 | -8.33 | 0.00 | 100.0 | -100.0 | 131.22 | 9.49 | 16.93 | 133.33 | 77.78 | 0 | -33.33 | -233.33 | 0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.27 | 42.55 | -285.71 | 63.21 | 27.54 | -10.91 | -16.66 | 61.33 | -228.75 | -20.10 | 59.81 | -336.96 | -20.10 | 59.81 | -336.96 | -4.33 | 40.03 | -290.09 | -1.80 | 44.95 | -500.0 | 0.10 | 42.86 | -9.09 | -5.00 | 82.5 | -160.02 | 119.85 | 10.13 | 6.04 | 75.00 | -12.5 | 125.0 | 25.00 | 75.0 | -93.75 | 47.47 | -9.86 | 48.58 |
| 24Q1 (18) | -0.47 | -393.75 | -1666.67 | 49.56 | -31.59 | -22.28 | -43.08 | -928.46 | -4909.3 | -50.01 | -646.56 | -2588.06 | -50.01 | -646.56 | -2588.06 | -7.22 | -405.93 | -1669.57 | -3.27 | -336.96 | -843.18 | 0.07 | -41.67 | -36.36 | -28.57 | -248.57 | -319.1 | 108.83 | 3.27 | -4.0 | 85.71 | 71.43 | 0 | 14.29 | -71.43 | 0 | 52.66 | 57.1 | 38.8 |
| 23Q4 (17) | 0.16 | 433.33 | 700.0 | 72.45 | 20.17 | 36.83 | 5.20 | 153.66 | 209.24 | 9.15 | 479.11 | 1088.31 | 9.15 | 479.11 | 1088.31 | 2.36 | 490.0 | 1023.81 | 1.38 | 245.0 | 318.18 | 0.12 | 0.0 | 0.0 | 19.23 | 60.25 | 73.09 | 105.38 | -6.1 | -15.02 | 50.00 | 0 | 0 | 50.00 | 0 | 0 | 33.52 | -0.92 | 475.95 |
| 23Q3 (16) | 0.03 | 142.86 | -80.0 | 60.29 | -15.02 | -9.38 | 2.05 | -84.16 | -89.76 | 1.58 | 134.35 | -76.42 | 1.58 | 134.35 | -76.42 | 0.40 | 136.04 | -82.91 | 0.40 | 233.33 | -66.67 | 0.12 | 9.09 | -14.29 | 12.00 | 44.06 | -18.42 | 112.22 | -0.71 | -16.23 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 33.83 | 5.88 | 46.96 |
| 23Q2 (15) | -0.07 | -333.33 | 0 | 70.95 | 11.26 | 26.99 | 12.94 | 1604.65 | -11.55 | -4.60 | -328.86 | -15433.33 | -4.60 | -328.86 | -15433.33 | -1.11 | -341.3 | -11200.0 | -0.30 | -168.18 | -225.0 | 0.11 | 0.0 | -21.43 | 8.33 | -36.12 | -8.36 | 113.02 | -0.31 | -23.86 | -300.00 | 0 | 0 | 400.00 | 0 | 0 | 31.95 | -15.79 | -22.04 |
| 23Q1 (14) | 0.03 | 50.0 | 50.0 | 63.77 | 20.43 | -4.19 | -0.86 | 81.93 | -127.22 | 2.01 | 161.04 | 28.85 | 2.01 | 161.04 | 28.85 | 0.46 | 119.05 | 17.95 | 0.44 | 33.33 | 15.79 | 0.11 | -8.33 | 22.22 | 13.04 | 17.37 | -4.4 | 113.37 | -8.58 | -29.94 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 37.94 | 551.89 | -5.13 |
| 22Q4 (13) | 0.02 | -86.67 | 101.32 | 52.95 | -20.41 | 172.09 | -4.76 | -123.78 | 96.31 | 0.77 | -88.51 | 100.61 | 0.77 | -88.51 | 100.61 | 0.21 | -91.03 | 100.65 | 0.33 | -72.5 | 102.48 | 0.12 | -14.29 | 9.09 | 11.11 | -24.47 | 109.68 | 124.01 | -7.43 | -25.2 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 5.82 | -74.72 | -66.69 |
| 22Q3 (12) | 0.15 | 0 | 0 | 66.53 | 19.08 | 14.92 | 20.02 | 36.84 | 499.4 | 6.70 | 22233.33 | 6190.91 | 6.70 | 22233.33 | 8275.0 | 2.34 | 23300.0 | 11600.0 | 1.20 | 400.0 | 531.58 | 0.14 | 0.0 | 40.0 | 14.71 | 61.83 | 37.35 | 133.96 | -9.75 | 12.29 | 350.00 | 0 | 0 | -200.00 | 0 | 0 | 23.02 | -43.83 | -20.07 |
| 22Q2 (11) | 0.00 | -100.0 | -100.0 | 55.87 | -16.06 | -15.74 | 14.63 | 362.97 | 101.79 | 0.03 | -98.08 | -99.69 | 0.03 | -98.08 | -99.69 | 0.01 | -97.44 | -99.52 | 0.24 | -36.84 | -78.76 | 0.14 | 55.56 | 40.0 | 9.09 | -33.36 | -59.09 | 148.43 | -8.27 | 17.54 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 40.98 | 2.48 | 141.48 |
| 22Q1 (10) | 0.02 | 101.32 | 122.22 | 66.56 | 190.62 | 37.55 | 3.16 | 102.45 | 227.94 | 1.56 | 101.23 | 121.94 | 1.56 | 101.23 | 121.94 | 0.39 | 101.21 | 123.49 | 0.38 | 102.85 | 176.0 | 0.09 | -18.18 | -10.0 | 13.64 | 111.88 | 295.36 | 161.81 | -2.4 | 23.0 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 39.99 | 128.91 | -29.99 |
| 21Q4 (9) | -1.51 | 0 | -694.74 | -73.45 | -226.88 | -297.08 | -129.12 | -3965.87 | -304.51 | -126.66 | -115045.45 | -640.27 | -126.66 | -158425.0 | -640.27 | -32.34 | -161800.0 | -859.64 | -13.33 | -7115.79 | -941.41 | 0.11 | 10.0 | 22.22 | -114.81 | -1171.99 | -2770.25 | 165.79 | 38.97 | 25.84 | 102.94 | 0 | -48.53 | -2.94 | 0 | 97.06 | 17.47 | -39.34 | -25.53 |
| 21Q3 (8) | 0.00 | -100.0 | -100.0 | 57.89 | -12.7 | 37.28 | 3.34 | -53.93 | 132.59 | -0.11 | -101.15 | -114.47 | 0.08 | -99.16 | -89.47 | 0.02 | -99.05 | -88.89 | 0.19 | -83.19 | -29.63 | 0.10 | 0.0 | -9.09 | 10.71 | -51.8 | -16.98 | 119.30 | -5.53 | -5.2 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 28.80 | 69.71 | 4.05 |
| 21Q2 (7) | 0.11 | 222.22 | 320.0 | 66.31 | 37.03 | 53.14 | 7.25 | 393.52 | 126.36 | 9.55 | 234.32 | 278.84 | 9.55 | 234.32 | 278.84 | 2.10 | 226.51 | 356.1 | 1.13 | 326.0 | 806.25 | 0.10 | 0.0 | 42.86 | 22.22 | 544.06 | 133.4 | 126.28 | -4.01 | 3.29 | 66.67 | 33.33 | -88.89 | 33.33 | -33.33 | 106.67 | 16.97 | -70.29 | 0 |
| 21Q1 (6) | -0.09 | 52.63 | 30.77 | 48.39 | 29.84 | 0.48 | -2.47 | 92.26 | 88.21 | -7.11 | 58.45 | 42.85 | -7.11 | 58.45 | 42.85 | -1.66 | 50.74 | 21.7 | -0.50 | 60.94 | 29.58 | 0.10 | 11.11 | 25.0 | 3.45 | 186.25 | -20.69 | 131.55 | -0.15 | 5.3 | 50.00 | -75.0 | -70.0 | 50.00 | 150.0 | 175.0 | 57.12 | 143.48 | 0 |
| 20Q4 (5) | -0.19 | -2000.0 | -258.33 | 37.27 | -11.62 | -28.19 | -31.92 | -211.41 | -392.59 | -17.11 | -2351.32 | -262.64 | -17.11 | -2351.32 | -266.12 | -3.37 | -1972.22 | -266.83 | -1.28 | -574.07 | -216.36 | 0.09 | -18.18 | 0.0 | -4.00 | -131.01 | -115.43 | 131.75 | 4.7 | 7.41 | 200.00 | 0 | 400.0 | -100.00 | 0 | -160.0 | 23.46 | -15.25 | -17.74 |
| 20Q3 (4) | 0.01 | 120.0 | 0.0 | 42.17 | -2.61 | 0.0 | -10.25 | 62.73 | 0.0 | 0.76 | 114.23 | 0.0 | 0.76 | 114.23 | 0.0 | 0.18 | 121.95 | 0.0 | 0.27 | 268.75 | 0.0 | 0.11 | 57.14 | 0.0 | 12.90 | 35.5 | 0.0 | 125.84 | 2.93 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 27.68 | 0 | 0.0 |
| 20Q2 (3) | -0.05 | 61.54 | 0.0 | 43.30 | -10.09 | 0.0 | -27.50 | -31.26 | 0.0 | -5.34 | 57.07 | 0.0 | -5.34 | 57.07 | 0.0 | -0.82 | 61.32 | 0.0 | -0.16 | 77.46 | 0.0 | 0.07 | -12.5 | 0.0 | 9.52 | 118.85 | 0.0 | 122.26 | -2.14 | 0.0 | 600.00 | 260.0 | 0.0 | -500.00 | -650.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.13 | -208.33 | 0.0 | 48.16 | -7.21 | 0.0 | -20.95 | -223.3 | 0.0 | -12.44 | -218.25 | 0.0 | -12.44 | -220.78 | 0.0 | -2.12 | -204.95 | 0.0 | -0.71 | -164.55 | 0.0 | 0.08 | -11.11 | 0.0 | 4.35 | -83.22 | 0.0 | 124.93 | 1.85 | 0.0 | 166.67 | 350.0 | 0.0 | -66.67 | -140.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.12 | 0.0 | 0.0 | 51.90 | 0.0 | 0.0 | -6.48 | 0.0 | 0.0 | 10.52 | 0.0 | 0.0 | 10.30 | 0.0 | 0.0 | 2.02 | 0.0 | 0.0 | 1.10 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 25.93 | 0.0 | 0.0 | 122.66 | 0.0 | 0.0 | -66.67 | 0.0 | 0.0 | 166.67 | 0.0 | 0.0 | 28.52 | 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) | 0.14 | -26.32 | 66.93 | 10.94 | 4.86 | -48.84 | 9.18 | 18.37 | 2.20 | -9.47 | 2.20 | -9.47 | 2.15 | -28.81 | 1.90 | -12.84 | 0.46 | -9.8 | 14.29 | 10.52 | 105.38 | -15.02 | 250.00 | -31.82 | -150.00 | 0 | 0.00 | 0 | 34.24 | 24.96 |
| 2022 (9) | 0.19 | 0 | 60.33 | 136.13 | 9.50 | 0 | 7.76 | -13.88 | 2.43 | 0 | 2.43 | 0 | 3.02 | 0 | 2.18 | 0 | 0.51 | 18.6 | 12.93 | 0 | 124.01 | -25.2 | 366.67 | 277.78 | -266.67 | 0 | 0.00 | 0 | 27.40 | -10.16 |
| 2021 (8) | -1.48 | 0 | 25.55 | -39.97 | -29.41 | 0 | 9.01 | -17.28 | -30.34 | 0 | -30.29 | 0 | -31.80 | 0 | -12.06 | 0 | 0.43 | 26.47 | -18.92 | 0 | 165.79 | 25.84 | 97.06 | -64.71 | 2.94 | 0 | 0.00 | 0 | 30.50 | -7.58 |
| 2020 (7) | -0.35 | 0 | 42.56 | -18.72 | -21.69 | 0 | 10.89 | 8.91 | -8.02 | 0 | -8.02 | 0 | -6.19 | 0 | -1.89 | 0 | 0.34 | -24.44 | 5.94 | -62.48 | 131.75 | 7.41 | 275.00 | 0 | -175.00 | 0 | 0.00 | 0 | 33.00 | 21.15 |
| 2019 (6) | 0.18 | 38.46 | 52.36 | 23.37 | -3.33 | 0 | 10.00 | 181.67 | 3.55 | 113.86 | 3.51 | 111.45 | 3.15 | 34.62 | 2.48 | 75.89 | 0.45 | -35.71 | 15.83 | 197.0 | 122.66 | 72.66 | -100.00 | 0 | 200.00 | -25.0 | 0.00 | 0 | 27.24 | 32.55 |
| 2018 (5) | 0.13 | 0 | 42.44 | -4.41 | -2.97 | 0 | 3.55 | -33.96 | 1.66 | 0 | 1.66 | 0 | 2.34 | 0 | 1.41 | 0 | 0.70 | 37.25 | 5.33 | -0.93 | 71.04 | -49.81 | -166.67 | 0 | 266.67 | 0 | 0.00 | 0 | 20.55 | -18.74 |
| 2017 (4) | -0.09 | 0 | 44.40 | 323.66 | -6.47 | 0 | 5.38 | -21.27 | -2.60 | 0 | -2.60 | 0 | -4.54 | 0 | -0.44 | 0 | 0.51 | 34.21 | 5.38 | 0 | 141.54 | -59.72 | 240.00 | 174.64 | -140.00 | 0 | 0.00 | 0 | 25.29 | -4.17 |
| 2016 (3) | -2.43 | 0 | 10.48 | -64.56 | -47.39 | 0 | 6.83 | 18.83 | -54.16 | 0 | -57.44 | 0 | -73.97 | 0 | -20.86 | 0 | 0.38 | -2.56 | -43.90 | 0 | 351.36 | 90.43 | 87.39 | -0.28 | 12.61 | 11.22 | 0.00 | 0 | 26.39 | -24.81 |
| 2015 (2) | -1.99 | 0 | 29.57 | -28.33 | -32.74 | 0 | 5.75 | 16.45 | -37.09 | 0 | -37.09 | 0 | -37.02 | 0 | -13.66 | 0 | 0.39 | -37.1 | -28.35 | 0 | 184.51 | 36.48 | 87.63 | -23.32 | 11.34 | 0 | 0.00 | 0 | 35.10 | 28.62 |
| 2014 (1) | -0.42 | 0 | 41.26 | 0 | -6.33 | 0 | 4.94 | -5.45 | -5.42 | 0 | -5.42 | 0 | -6.87 | 0 | -2.74 | 0 | 0.62 | -4.62 | 1.56 | 0 | 135.19 | 81.34 | 114.29 | 6.96 | -19.05 | 0 | 0.00 | 0 | 27.29 | 0.11 |
