- 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) | 0.12 | 140.0 | 0.0 | 17.35 | 10.44 | 23.84 | -2.12 | -8.16 | 63.95 | 4.83 | 118.55 | 82.95 | 3.19 | 108.5 | 114.09 | 0.58 | 87.1 | 132.0 | 0.47 | 62.07 | 80.77 | 0.11 | -8.33 | 10.0 | 15.04 | 27.89 | 1.97 | 60.65 | 1.32 | -5.29 | -46.15 | 53.85 | 80.22 | 146.15 | -26.92 | -58.24 | 17.35 | 25.27 | 8.98 |
| 24Q2 (19) | 0.05 | -37.5 | -64.29 | 15.71 | 8.57 | -11.34 | -1.96 | 3.92 | -5.95 | 2.21 | 4.25 | -63.35 | 1.53 | 2.68 | -62.5 | 0.31 | -8.82 | -53.03 | 0.29 | -6.45 | -43.14 | 0.12 | -14.29 | 20.0 | 11.76 | 12.11 | -35.03 | 59.86 | -7.88 | -4.53 | -100.00 | 0.0 | -250.0 | 200.00 | 0.0 | 55.56 | 13.85 | 9.06 | -16.97 |
| 24Q1 (18) | 0.08 | 900.0 | 166.67 | 14.47 | 15.02 | 2.19 | -2.04 | 53.64 | 63.57 | 2.12 | 211.58 | 6.53 | 1.49 | 227.35 | 7.19 | 0.34 | 230.77 | 47.83 | 0.31 | 720.0 | 24.0 | 0.14 | 0.0 | 40.0 | 10.49 | 47.75 | -21.31 | 64.98 | -3.5 | 1.72 | -100.00 | -142.86 | 61.54 | 200.00 | 250.0 | -44.44 | 12.70 | 2.42 | -25.9 |
| 23Q4 (17) | -0.01 | -108.33 | -102.0 | 12.58 | -10.21 | -18.73 | -4.40 | 25.17 | -175.73 | -1.90 | -171.97 | -119.06 | -1.17 | -178.52 | -114.25 | -0.26 | -204.0 | -115.48 | -0.05 | -119.23 | -104.24 | 0.14 | 40.0 | 7.69 | 7.10 | -51.86 | -60.75 | 67.34 | 5.15 | -0.87 | 233.33 | 200.0 | 298.04 | -133.33 | -138.1 | -422.22 | 12.40 | -22.11 | -6.42 |
| 23Q3 (16) | 0.12 | -14.29 | -42.86 | 14.01 | -20.94 | -16.06 | -5.88 | -217.84 | -58.92 | 2.64 | -56.22 | -64.61 | 1.49 | -63.48 | -71.56 | 0.25 | -62.12 | -72.53 | 0.26 | -49.02 | -62.86 | 0.10 | 0.0 | -23.08 | 14.75 | -18.51 | -6.94 | 64.04 | 2.14 | 57.54 | -233.33 | -716.67 | -366.67 | 350.00 | 172.22 | 133.33 | 15.92 | -4.56 | -9.03 |
| 23Q2 (15) | 0.14 | 366.67 | 40.0 | 17.72 | 25.14 | -13.35 | -1.85 | 66.96 | 25.1 | 6.03 | 203.02 | -25.74 | 4.08 | 193.53 | -9.33 | 0.66 | 186.96 | 4.76 | 0.51 | 104.0 | 4.08 | 0.10 | 0.0 | 0.0 | 18.10 | 35.78 | 5.29 | 62.70 | -1.85 | 67.11 | -28.57 | 89.01 | 8.57 | 128.57 | -64.29 | 2.86 | 16.68 | -2.68 | -13.89 |
| 23Q1 (14) | 0.03 | -94.0 | -89.66 | 14.16 | -8.53 | 16.83 | -5.60 | -196.39 | -2645.45 | 1.99 | -80.04 | -76.17 | 1.39 | -83.07 | -77.8 | 0.23 | -86.31 | -78.9 | 0.25 | -78.81 | -68.35 | 0.10 | -23.08 | -16.67 | 13.33 | -26.31 | -6.72 | 63.88 | -5.96 | 47.09 | -260.00 | -543.53 | 0 | 360.00 | 770.0 | 260.0 | 17.14 | 29.36 | 19.19 |
| 22Q4 (13) | 0.50 | 138.1 | 92.31 | 15.48 | -7.25 | 41.89 | 5.81 | 257.03 | 336.84 | 9.97 | 33.65 | 111.23 | 8.21 | 56.68 | 92.27 | 1.68 | 84.62 | 66.34 | 1.18 | 68.57 | 66.2 | 0.13 | 0.0 | -18.75 | 18.09 | 14.13 | 110.1 | 67.93 | 67.11 | 40.93 | 58.62 | 217.24 | 105.17 | 41.38 | -72.41 | -42.07 | 13.25 | -24.29 | 26.55 |
| 22Q3 (12) | 0.21 | 110.0 | -47.5 | 16.69 | -18.39 | 23.08 | -3.70 | -49.8 | -217.83 | 7.46 | -8.13 | 7.18 | 5.24 | 16.44 | -20.61 | 0.91 | 44.44 | -42.77 | 0.70 | 42.86 | -37.5 | 0.13 | 30.0 | -18.75 | 15.85 | -7.8 | 47.03 | 40.65 | 8.34 | -20.03 | -50.00 | -60.0 | -205.0 | 150.00 | 20.0 | 162.5 | 17.50 | -9.65 | 51.12 |
| 22Q2 (11) | 0.10 | -65.52 | -69.7 | 20.45 | 68.73 | 79.39 | -2.47 | -1222.73 | -485.94 | 8.12 | -2.75 | 44.74 | 4.50 | -28.12 | -16.97 | 0.63 | -42.2 | -51.54 | 0.49 | -37.97 | -48.96 | 0.10 | -16.67 | -41.18 | 17.19 | 20.29 | 87.25 | 37.52 | -13.61 | -15.36 | -31.25 | 0 | -365.63 | 125.00 | 25.0 | 41.67 | 19.37 | 34.7 | 70.66 |
| 22Q1 (10) | 0.29 | 11.54 | 363.64 | 12.12 | 11.09 | 47.27 | 0.22 | -83.46 | 103.06 | 8.35 | 76.91 | 488.37 | 6.26 | 46.6 | 277.84 | 1.09 | 7.92 | 342.22 | 0.79 | 11.27 | 363.33 | 0.12 | -25.0 | 33.33 | 14.29 | 65.97 | 368.52 | 43.43 | -9.9 | 21.75 | 0.00 | -100.0 | -100.0 | 100.00 | 40.0 | 150.0 | 14.38 | 37.34 | -20.95 |
| 21Q4 (9) | 0.26 | -35.0 | 143.33 | 10.91 | -19.54 | 16.44 | 1.33 | -57.64 | 120.81 | 4.72 | -32.18 | 128.2 | 4.27 | -35.3 | 125.52 | 1.01 | -36.48 | 142.26 | 0.71 | -36.61 | 141.04 | 0.16 | 0.0 | 45.45 | 8.61 | -20.13 | 171.22 | 48.20 | -5.17 | 31.69 | 28.57 | -40.0 | -28.57 | 71.43 | 25.0 | 12.78 | 10.47 | -9.59 | -44.75 |
| 21Q3 (8) | 0.40 | 21.21 | 566.67 | 13.56 | 18.95 | 11.42 | 3.14 | 390.62 | 189.46 | 6.96 | 24.06 | 373.47 | 6.60 | 21.77 | 355.17 | 1.59 | 22.31 | 591.3 | 1.12 | 16.67 | 460.0 | 0.16 | -5.88 | 33.33 | 10.78 | 17.43 | 80.57 | 50.83 | 14.66 | 47.72 | 47.62 | 304.76 | 120.41 | 57.14 | -35.24 | -82.86 | 11.58 | 2.03 | -27.44 |
| 21Q2 (7) | 0.33 | 400.0 | -66.33 | 11.40 | 38.52 | -54.2 | 0.64 | 108.89 | -92.87 | 5.61 | 360.93 | -76.61 | 5.42 | 253.98 | -77.34 | 1.30 | 388.89 | -67.98 | 0.96 | 420.0 | -69.13 | 0.17 | 88.89 | 30.77 | 9.18 | 200.98 | -67.64 | 44.33 | 24.28 | 29.96 | 11.76 | -96.08 | -69.04 | 88.24 | 144.12 | 42.31 | 11.35 | -37.6 | 0 |
| 21Q1 (6) | -0.11 | 81.67 | -22.22 | 8.23 | -12.17 | -28.25 | -7.20 | -12.68 | 40.15 | -2.15 | 87.16 | 43.57 | -3.52 | 78.96 | 9.04 | -0.45 | 81.17 | -28.57 | -0.30 | 82.66 | -30.43 | 0.09 | -18.18 | 28.57 | 3.05 | 125.23 | -32.97 | 35.67 | -2.54 | 21.49 | 300.00 | 650.0 | -7.69 | -200.00 | -415.79 | 11.11 | 18.19 | -4.01 | 0 |
| 20Q4 (5) | -0.60 | -1100.0 | -1100.0 | 9.37 | -23.01 | -35.73 | -6.39 | -82.05 | -108.82 | -16.74 | -1238.78 | -1472.13 | -16.73 | -1253.79 | -1078.17 | -2.39 | -1139.13 | -1227.78 | -1.73 | -965.0 | -1630.0 | 0.11 | -8.33 | 10.0 | -12.09 | -302.51 | -271.49 | 36.60 | 6.36 | 19.84 | 40.00 | 117.14 | 116.0 | 63.33 | -81.0 | -81.9 | 18.95 | 18.73 | -6.47 |
| 20Q3 (4) | 0.06 | -93.88 | 0.0 | 12.17 | -51.1 | 0.0 | -3.51 | -139.09 | 0.0 | 1.47 | -93.87 | 0.0 | 1.45 | -93.94 | 0.0 | 0.23 | -94.33 | 0.0 | 0.20 | -93.57 | 0.0 | 0.12 | -7.69 | 0.0 | 5.97 | -78.96 | 0.0 | 34.41 | 0.88 | 0.0 | -233.33 | -714.04 | 0.0 | 333.33 | 437.63 | 0.0 | 15.96 | 0 | 0.0 |
| 20Q2 (3) | 0.98 | 1188.89 | 0.0 | 24.89 | 117.0 | 0.0 | 8.98 | 174.65 | 0.0 | 23.98 | 729.4 | 0.0 | 23.92 | 718.09 | 0.0 | 4.06 | 1260.0 | 0.0 | 3.11 | 1452.17 | 0.0 | 0.13 | 85.71 | 0.0 | 28.37 | 523.52 | 0.0 | 34.11 | 16.18 | 0.0 | 38.00 | -88.31 | 0.0 | 62.00 | 127.56 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.09 | -80.0 | 0.0 | 11.47 | -21.33 | 0.0 | -12.03 | -293.14 | 0.0 | -3.81 | -412.3 | 0.0 | -3.87 | -172.54 | 0.0 | -0.35 | -94.44 | 0.0 | -0.23 | -130.0 | 0.0 | 0.07 | -30.0 | 0.0 | 4.55 | -35.46 | 0.0 | 29.36 | -3.86 | 0.0 | 325.00 | 230.0 | 0.0 | -225.00 | -164.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | 14.58 | 0.0 | 0.0 | -3.06 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | -1.42 | 0.0 | 0.0 | -0.18 | 0.0 | 0.0 | -0.10 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 7.05 | 0.0 | 0.0 | 30.54 | 0.0 | 0.0 | -250.00 | 0.0 | 0.0 | 350.00 | 0.0 | 0.0 | 20.26 | 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) | 0.28 | -74.55 | 14.43 | -9.64 | -4.45 | 0 | 9.62 | 32.01 | 1.83 | -78.65 | 1.22 | -80.45 | 0.89 | -79.77 | 0.95 | -68.23 | 0.43 | -2.27 | 12.79 | -22.2 | 67.34 | -0.87 | -242.11 | 0 | 342.11 | 255.1 | 0.25 | 20.75 | 15.27 | -3.54 |
| 2022 (9) | 1.10 | 27.91 | 15.97 | 40.21 | 0.38 | 8.57 | 7.28 | 100.97 | 8.57 | 87.53 | 6.24 | 53.32 | 4.40 | 29.79 | 2.99 | 18.18 | 0.44 | -24.14 | 16.44 | 94.33 | 67.93 | 40.93 | 4.88 | -40.24 | 96.34 | 4.91 | 0.21 | -0.03 | 15.83 | 29.65 |
| 2021 (8) | 0.86 | 145.71 | 11.39 | -24.62 | 0.35 | 0 | 3.62 | -20.6 | 4.57 | 75.77 | 4.07 | 58.37 | 3.39 | 135.42 | 2.53 | 109.09 | 0.58 | 38.1 | 8.46 | 11.9 | 48.20 | 31.69 | 8.16 | 0 | 91.84 | -46.68 | 0.21 | -8.33 | 12.21 | -32.5 |
| 2020 (7) | 0.35 | 775.0 | 15.11 | 13.78 | -1.88 | 0 | 4.56 | 1.53 | 2.60 | 157.43 | 2.57 | 594.59 | 1.44 | 657.89 | 1.21 | 348.15 | 0.42 | 5.0 | 7.56 | 28.35 | 36.60 | 19.84 | -72.22 | 0 | 172.22 | -78.08 | 0.23 | -9.71 | 18.09 | -12.23 |
| 2019 (6) | 0.04 | 0 | 13.28 | 28.43 | -7.50 | 0 | 4.50 | 20.32 | 1.01 | 0 | 0.37 | 0 | 0.19 | 0 | 0.27 | 0 | 0.40 | 0.0 | 5.89 | 0 | 30.54 | 1.53 | -685.71 | 0 | 785.71 | 0 | 0.25 | 4.09 | 20.61 | -4.76 |
| 2018 (5) | -1.05 | 0 | 10.34 | -36.09 | -14.69 | 0 | 3.74 | 15.07 | -8.18 | 0 | -8.18 | 0 | -4.19 | 0 | -3.14 | 0 | 0.40 | -9.09 | -3.89 | 0 | 30.08 | 10.1 | 178.18 | 0 | -80.00 | 0 | 0.24 | 0 | 21.64 | 11.26 |
| 2017 (4) | 0.24 | 0 | 16.18 | 75.3 | -3.86 | 0 | 3.25 | -58.11 | 1.69 | 0 | 1.68 | 0 | 0.92 | 0 | 0.84 | 0 | 0.44 | 4.76 | 5.28 | 0 | 27.32 | 22.51 | -241.67 | 0 | 341.67 | 599.22 | 0.00 | 0 | 19.45 | 0.93 |
| 2016 (3) | -2.55 | 0 | 9.23 | 409.94 | -11.85 | 0 | 7.75 | -30.61 | -23.19 | 0 | -23.18 | 0 | -11.95 | 0 | -9.78 | 0 | 0.42 | 16.67 | -15.11 | 0 | 22.30 | 8.73 | 51.14 | -84.66 | 48.86 | 0 | 0.00 | 0 | 19.27 | -1.38 |
| 2015 (2) | -0.67 | 0 | 1.81 | 0 | -22.08 | 0 | 11.17 | 5.67 | -6.58 | 0 | -6.59 | 0 | -2.94 | 0 | -2.19 | 0 | 0.36 | 5.88 | 5.38 | 0 | 20.51 | -32.06 | 333.33 | 230.54 | -233.33 | 0 | 0.00 | 0 | 19.54 | -13.39 |
| 2014 (1) | -2.78 | 0 | -7.55 | 0 | -30.52 | 0 | 10.57 | 80.02 | -30.18 | 0 | -26.05 | 0 | -11.75 | 0 | -8.83 | 0 | 0.34 | -37.04 | -18.85 | 0 | 30.19 | -4.1 | 100.84 | -29.04 | -1.27 | 0 | 0.00 | 0 | 22.56 | 24.64 |
