- 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) | 0.05 | -66.67 | -79.17 | 16.78 | 17.59 | 52.82 | 0.74 | -30.84 | 112.05 | 1.96 | -62.09 | -79.56 | 1.77 | -65.76 | -81.54 | 0.32 | -67.35 | -83.76 | 0.27 | -65.82 | -77.69 | 0.15 | 0.0 | 25.0 | 7.69 | -27.79 | -54.9 | 19.96 | -13.48 | -73.14 | 33.33 | 50.0 | 150.0 | 66.67 | -14.29 | -60.0 | 19.65 | 2.56 | 3.31 |
| 24Q2 (19) | 0.15 | -6.25 | -16.67 | 14.27 | -8.7 | 91.8 | 1.07 | -10.08 | 108.14 | 5.17 | -14.12 | -32.33 | 5.17 | -14.12 | -32.33 | 0.98 | -15.52 | -33.33 | 0.79 | -4.82 | -15.05 | 0.15 | 15.38 | 36.36 | 10.65 | -19.26 | -29.61 | 23.07 | -20.23 | -67.5 | 22.22 | 0.0 | 112.5 | 77.78 | 0.0 | -72.0 | 19.16 | -5.24 | -4.53 |
| 24Q1 (18) | 0.16 | 245.45 | 300.0 | 15.63 | 54.45 | 54.75 | 1.19 | 122.37 | 118.65 | 6.02 | 237.76 | 330.0 | 6.02 | 237.76 | 330.0 | 1.16 | 230.34 | 286.67 | 0.83 | 288.64 | 232.0 | 0.13 | 8.33 | 8.33 | 13.19 | 237.34 | 42.9 | 28.92 | -60.64 | -58.74 | 22.22 | -80.95 | 105.56 | 77.78 | 566.67 | -84.44 | 20.22 | 5.15 | 13.92 |
| 23Q4 (17) | -0.11 | -145.83 | -37.5 | 10.12 | -7.83 | 121.93 | -5.32 | 13.36 | 46.21 | -4.37 | -145.57 | -28.53 | -4.37 | -145.57 | -28.53 | -0.89 | -145.18 | -32.84 | -0.44 | -136.36 | -37.5 | 0.12 | 0.0 | 0.0 | 3.91 | -77.07 | -32.47 | 73.48 | -1.1 | 5.67 | 116.67 | 275.0 | -61.11 | -16.67 | -110.0 | 91.67 | 19.23 | 1.1 | 13.65 |
| 23Q3 (16) | 0.24 | 33.33 | 148.0 | 10.98 | 47.58 | 169.67 | -6.14 | 53.31 | 80.26 | 9.59 | 25.52 | 145.58 | 9.59 | 25.52 | 145.58 | 1.97 | 34.01 | 147.7 | 1.21 | 30.11 | 152.61 | 0.12 | 9.09 | 9.09 | 17.05 | 12.69 | 249.82 | 74.30 | 4.68 | 6.14 | -66.67 | 62.5 | -145.61 | 166.67 | -40.0 | 461.11 | 19.02 | -5.23 | -29.14 |
| 23Q2 (15) | 0.18 | 350.0 | 5.88 | 7.44 | -26.34 | 27.84 | -13.15 | -106.11 | -31.37 | 7.64 | 445.71 | 38.41 | 7.64 | 445.71 | 38.41 | 1.47 | 390.0 | 8.09 | 0.93 | 272.0 | 14.81 | 0.11 | -8.33 | -21.43 | 15.13 | 63.92 | 12.41 | 70.98 | 1.26 | -10.31 | -177.78 | 55.56 | 0.0 | 277.78 | -44.44 | 4.17 | 20.07 | 13.07 | -2.05 |
| 23Q1 (14) | 0.04 | 150.0 | 166.67 | 10.10 | 121.49 | 66.39 | -6.38 | 35.49 | -68.78 | 1.40 | 141.18 | 194.59 | 1.40 | 141.18 | 194.59 | 0.30 | 144.78 | 161.22 | 0.25 | 178.13 | 225.0 | 0.12 | 0.0 | -29.41 | 9.23 | 59.41 | 112.18 | 70.10 | 0.81 | -17.82 | -400.00 | -233.33 | -250.0 | 500.00 | 350.0 | 400.0 | 17.75 | 4.91 | 44.19 |
| 22Q4 (13) | -0.08 | 84.0 | -110.67 | 4.56 | 128.93 | 248.09 | -9.89 | 68.21 | 13.78 | -3.40 | 83.84 | -118.77 | -3.40 | 83.84 | -119.93 | -0.67 | 83.78 | -111.88 | -0.32 | 86.09 | -111.31 | 0.12 | 9.09 | -25.0 | 5.79 | 150.88 | -75.75 | 69.54 | -0.66 | -23.87 | 300.00 | 105.26 | 569.57 | -200.00 | -333.33 | -222.03 | 16.92 | -36.96 | -18.58 |
| 22Q3 (12) | -0.50 | -394.12 | -266.67 | -15.76 | -370.79 | -386.03 | -31.11 | -210.79 | -345.7 | -21.04 | -481.16 | -406.26 | -21.04 | -481.16 | -406.26 | -4.13 | -403.68 | -255.85 | -2.30 | -383.95 | -293.28 | 0.11 | -21.43 | -31.25 | -11.38 | -184.55 | -178.05 | 70.00 | -11.55 | -40.78 | 146.15 | 182.21 | 246.15 | -46.15 | -117.31 | -122.22 | 26.84 | 30.99 | 34.94 |
| 22Q2 (11) | 0.17 | 383.33 | -26.09 | 5.82 | -4.12 | -52.76 | -10.01 | -164.81 | -308.98 | 5.52 | 472.97 | 40.1 | 5.52 | 472.97 | 40.46 | 1.36 | 377.55 | -44.03 | 0.81 | 505.0 | -16.49 | 0.14 | -17.65 | -33.33 | 13.46 | 209.43 | 8.99 | 79.14 | -7.22 | -58.22 | -177.78 | -166.67 | -248.15 | 266.67 | 260.0 | 1433.33 | 20.49 | 66.45 | 45.63 |
| 22Q1 (10) | -0.06 | -108.0 | -111.11 | 6.07 | 363.36 | -59.77 | -3.78 | 67.04 | -154.55 | -1.48 | -108.17 | -113.67 | -1.48 | -108.68 | -113.67 | -0.49 | -108.69 | -108.25 | -0.20 | -107.07 | -108.97 | 0.17 | 6.25 | -10.53 | 4.35 | -81.78 | -79.32 | 85.30 | -6.61 | -53.85 | 266.67 | 517.39 | 308.89 | -166.67 | -201.69 | -579.17 | 12.31 | -40.76 | -18.21 |
| 21Q4 (9) | 0.75 | 150.0 | 1350.0 | 1.31 | -76.23 | -88.38 | -11.47 | -64.33 | -7746.67 | 18.11 | 163.61 | 1348.97 | 17.06 | 148.33 | 1276.55 | 5.64 | 112.83 | 981.25 | 2.83 | 137.82 | 3637.5 | 0.16 | 0.0 | 0.0 | 23.88 | 63.79 | 91.04 | 91.34 | -22.73 | -50.11 | -63.89 | 36.11 | 0 | 163.89 | -21.09 | 9.26 | 20.78 | 4.47 | 19.22 |
| 21Q3 (8) | 0.30 | 30.43 | 114.29 | 5.51 | -55.28 | -50.63 | -6.98 | -245.72 | -1651.11 | 6.87 | 74.37 | 129.77 | 6.87 | 74.81 | 129.77 | 2.65 | 9.05 | 66.67 | 1.19 | 22.68 | 70.0 | 0.16 | -23.81 | -15.79 | 14.58 | 18.06 | -5.94 | 118.21 | -37.6 | -37.42 | -100.00 | -183.33 | -700.0 | 207.69 | 1138.46 | 149.23 | 19.89 | 41.36 | 36.05 |
| 21Q2 (7) | 0.23 | -57.41 | 195.83 | 12.32 | -18.36 | 1230.28 | 4.79 | -30.88 | 129.44 | 3.94 | -63.62 | 123.61 | 3.93 | -63.71 | 123.55 | 2.43 | -59.09 | 139.9 | 0.97 | -56.5 | 147.09 | 0.21 | 10.53 | 61.54 | 12.35 | -41.27 | 334.86 | 189.44 | 2.48 | 3.05 | 120.00 | 84.0 | 25.22 | -20.00 | -157.5 | -580.0 | 14.07 | -6.51 | 0 |
| 21Q1 (6) | 0.54 | 1000.0 | 258.82 | 15.09 | 33.9 | 276.91 | 6.93 | 4520.0 | 127.24 | 10.83 | 846.9 | 141.67 | 10.83 | 846.9 | 141.67 | 5.94 | 1028.12 | 174.16 | 2.23 | 2887.5 | 178.52 | 0.19 | 18.75 | 58.33 | 21.03 | 68.24 | 1448.08 | 184.85 | 0.96 | 7.8 | 65.22 | 0 | -32.74 | 34.78 | -76.81 | 1047.83 | 15.05 | -13.65 | -30.71 |
| 20Q4 (5) | -0.06 | -142.86 | 87.76 | 11.27 | 0.99 | 184.04 | 0.15 | -66.67 | 100.49 | -1.45 | -148.49 | 96.1 | -1.45 | -148.49 | 96.1 | -0.64 | -140.25 | 93.87 | -0.08 | -111.43 | 97.97 | 0.16 | -15.79 | 45.45 | 12.50 | -19.35 | 223.03 | 183.09 | -3.08 | 13.81 | -0.00 | -100.0 | -100.0 | 150.00 | 80.0 | 781.25 | 17.43 | 19.22 | -22.26 |
| 20Q3 (4) | 0.14 | 158.33 | 0.0 | 11.16 | 1123.85 | 0.0 | 0.45 | 102.77 | 0.0 | 2.99 | 117.91 | 0.0 | 2.99 | 117.91 | 0.0 | 1.59 | 126.11 | 0.0 | 0.70 | 133.98 | 0.0 | 0.19 | 46.15 | 0.0 | 15.50 | 445.77 | 0.0 | 188.90 | 2.75 | 0.0 | 16.67 | -82.61 | 0.0 | 83.33 | 1900.0 | 0.0 | 14.62 | 0 | 0.0 |
| 20Q2 (3) | -0.24 | 29.41 | 0.0 | -1.09 | 87.22 | 0.0 | -16.27 | 36.05 | 0.0 | -16.69 | 35.78 | 0.0 | -16.69 | 35.78 | 0.0 | -6.09 | 23.97 | 0.0 | -2.06 | 27.46 | 0.0 | 0.13 | 8.33 | 0.0 | 2.84 | 282.05 | 0.0 | 183.84 | 7.21 | 0.0 | 95.83 | -1.17 | 0.0 | 4.17 | 37.5 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.34 | 30.61 | 0.0 | -8.53 | 36.39 | 0.0 | -25.44 | 16.81 | 0.0 | -25.99 | 30.08 | 0.0 | -25.99 | 30.08 | 0.0 | -8.01 | 23.28 | 0.0 | -2.84 | 27.92 | 0.0 | 0.12 | 9.09 | 0.0 | -1.56 | 84.65 | 0.0 | 171.48 | 6.59 | 0.0 | 96.97 | 16.86 | 0.0 | 3.03 | -82.2 | 0.0 | 21.72 | -3.12 | 0.0 |
| 19Q4 (1) | -0.49 | 0.0 | 0.0 | -13.41 | 0.0 | 0.0 | -30.58 | 0.0 | 0.0 | -37.17 | 0.0 | 0.0 | -37.17 | 0.0 | 0.0 | -10.44 | 0.0 | 0.0 | -3.94 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -10.16 | 0.0 | 0.0 | 160.88 | 0.0 | 0.0 | 82.98 | 0.0 | 0.0 | 17.02 | 0.0 | 0.0 | 22.42 | 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) | 0.34 | 0 | 9.70 | 651.94 | -7.64 | 0 | 6.93 | -2.33 | 3.50 | 0 | 3.50 | 0 | 2.85 | 0 | 1.95 | 0 | 0.48 | -11.11 | 11.29 | 197.11 | 73.48 | 5.67 | -216.67 | 0 | 311.11 | 0 | 0.00 | 0 | 18.99 | 3.94 |
| 2022 (9) | -0.47 | 0 | 1.29 | -85.52 | -12.13 | 0 | 7.10 | -1.8 | -4.02 | 0 | -4.02 | 0 | -3.92 | 0 | -1.90 | 0 | 0.54 | -28.0 | 3.80 | -78.56 | 69.54 | -23.87 | 308.33 | 0 | -204.17 | 0 | 0.00 | 0 | 18.27 | 6.28 |
| 2021 (8) | 1.77 | 0 | 8.91 | 96.26 | -1.11 | 0 | 7.23 | -53.03 | 9.63 | 0 | 9.38 | 0 | 15.94 | 0 | 7.52 | 0 | 0.75 | 29.31 | 17.72 | 108.96 | 91.34 | -50.11 | -12.05 | 0 | 110.84 | 0 | 0.00 | 0 | 17.19 | -5.24 |
| 2020 (7) | -1.23 | 0 | 4.54 | 0 | -8.51 | 0 | 15.38 | -36.75 | -8.34 | 0 | -8.34 | 0 | -13.12 | 0 | -4.25 | 0 | 0.58 | 23.4 | 8.48 | 88.44 | 183.09 | 13.81 | 101.89 | 1.89 | -1.89 | 0 | 0.00 | 0 | 18.14 | -15.86 |
| 2019 (6) | -1.24 | 0 | -7.16 | 0 | -21.68 | 0 | 24.32 | 13.73 | -21.55 | 0 | -21.55 | 0 | -24.39 | 0 | -9.39 | 0 | 0.47 | -9.62 | 4.50 | -77.43 | 160.88 | 25.04 | 100.00 | -50.0 | -0.83 | 0 | 0.00 | 0 | 21.56 | 18.79 |
| 2018 (5) | -0.23 | 0 | 5.11 | -11.74 | -6.29 | 0 | 21.39 | 5.18 | -3.17 | 0 | -3.16 | 0 | -3.90 | 0 | -0.97 | 0 | 0.52 | 6.12 | 19.94 | 44.81 | 128.66 | -13.11 | 200.00 | 226.83 | -100.00 | 0 | 0.00 | 0 | 18.15 | 7.72 |
| 2017 (4) | -0.69 | 0 | 5.79 | 0 | -5.33 | 0 | 20.33 | -39.65 | -8.64 | 0 | -8.58 | 0 | -11.00 | 0 | -3.45 | 0 | 0.49 | 8.89 | 13.77 | 0 | 148.07 | -16.03 | 61.19 | -4.89 | 38.81 | 8.83 | 0.00 | 0 | 16.85 | 5.91 |
| 2016 (3) | -4.03 | 0 | -16.08 | 0 | -27.04 | 0 | 33.69 | -37.12 | -41.99 | 0 | -41.99 | 0 | -46.53 | 0 | -18.04 | 0 | 0.45 | 32.35 | -6.07 | 0 | 176.34 | 35.93 | 64.34 | -9.87 | 35.66 | 24.62 | 0.00 | 0 | 15.91 | -23.62 |
| 2015 (2) | -3.62 | 0 | -53.06 | 0 | -65.36 | 0 | 53.58 | 55.87 | -91.55 | 0 | -91.55 | 0 | -65.38 | 0 | -30.78 | 0 | 0.34 | -24.44 | -35.66 | 0 | 129.73 | 32.47 | 71.39 | -8.6 | 28.61 | 30.68 | 0.00 | 0 | 20.83 | 35.88 |
| 2014 (1) | -2.11 | 0 | -14.66 | 0 | -22.92 | 0 | 34.38 | -27.48 | -29.34 | 0 | -29.34 | 0 | -25.43 | 0 | -12.71 | 0 | 0.45 | 25.0 | 7.08 | 43.9 | 97.93 | 15.09 | 78.10 | 0.94 | 21.90 | -3.21 | 0.00 | 0 | 15.33 | -11.49 |
