- 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 | -175.0 | -192.31 | 12.95 | -23.73 | -24.0 | 0.57 | -86.17 | -46.23 | -3.30 | -159.03 | -160.89 | -2.79 | -170.1 | -164.43 | -1.01 | -175.94 | -190.18 | -0.41 | -146.07 | -153.25 | 0.20 | 5.26 | 33.33 | 3.07 | -74.88 | -77.53 | 82.81 | 9.25 | 17.1 | -20.00 | -127.27 | -210.0 | 110.00 | 312.5 | 34.44 | 18.33 | -6.95 | -21.53 |
| 24Q2 (19) | 0.16 | 100.0 | 300.0 | 16.98 | 14.34 | 18.33 | 4.12 | 1184.21 | 237.79 | 5.59 | 23.4 | 137.87 | 3.98 | 44.73 | 151.9 | 1.33 | 84.72 | 250.0 | 0.89 | 67.92 | 161.76 | 0.19 | 26.67 | 35.71 | 12.22 | -5.86 | 10.59 | 75.80 | 3.28 | 11.95 | 73.33 | 760.0 | 148.89 | 26.67 | -76.0 | -89.33 | 19.70 | -17.54 | -19.66 |
| 24Q1 (18) | 0.08 | 300.0 | 200.0 | 14.85 | -13.61 | 17.3 | -0.38 | -132.2 | 85.93 | 4.53 | 272.24 | 244.73 | 2.75 | 323.58 | 210.89 | 0.72 | 300.0 | 210.77 | 0.53 | 762.5 | 320.83 | 0.15 | -11.76 | 0.0 | 12.98 | 175.0 | 171.55 | 73.39 | -9.06 | -3.23 | -11.11 | 77.78 | -112.96 | 111.11 | -25.93 | 677.78 | 23.89 | 10.65 | 5.85 |
| 23Q4 (17) | -0.04 | -130.77 | -500.0 | 17.19 | 0.88 | 7.3 | 1.18 | 11.32 | -55.13 | -2.63 | -148.52 | -2123.08 | -1.23 | -128.41 | -685.71 | -0.36 | -132.14 | -550.0 | -0.08 | -110.39 | -150.0 | 0.17 | 13.33 | -15.0 | 4.72 | -65.45 | -20.27 | 80.70 | 14.11 | 3.69 | -50.00 | -375.0 | 0 | 150.00 | 83.33 | 0 | 21.59 | -7.58 | 17.34 |
| 23Q3 (16) | 0.13 | 225.0 | -72.34 | 17.04 | 18.75 | -11.11 | 1.06 | 135.45 | -83.89 | 5.42 | 130.64 | -58.08 | 4.33 | 174.05 | -64.74 | 1.12 | 194.74 | -72.35 | 0.77 | 126.47 | -67.37 | 0.15 | 7.14 | -16.67 | 13.66 | 23.62 | -23.86 | 70.72 | 4.45 | -7.6 | 18.18 | 112.12 | -63.64 | 81.82 | -67.27 | 63.64 | 23.36 | -4.73 | 28.92 |
| 23Q2 (15) | 0.04 | 150.0 | -66.67 | 14.35 | 13.35 | -0.07 | -2.99 | -10.74 | -179.44 | 2.35 | 175.08 | -47.31 | 1.58 | 163.71 | -58.42 | 0.38 | 158.46 | -63.46 | 0.34 | 241.67 | -50.72 | 0.14 | -6.67 | -6.67 | 11.05 | 131.17 | -6.28 | 67.71 | -10.72 | -17.58 | -150.00 | -275.0 | -575.0 | 250.00 | 1650.0 | 87.5 | 24.52 | 8.64 | 5.6 |
| 23Q1 (14) | -0.08 | -900.0 | -108.89 | 12.66 | -20.97 | 0.72 | -2.70 | -202.66 | -365.52 | -3.13 | -2507.69 | -112.88 | -2.48 | -1280.95 | -109.04 | -0.65 | -912.5 | -108.93 | -0.24 | -250.0 | -106.03 | 0.15 | -25.0 | -11.76 | 4.78 | -19.26 | -84.37 | 75.84 | -2.56 | -11.15 | 85.71 | 0 | 5157.14 | 14.29 | 0 | -85.95 | 22.57 | 22.66 | 0.18 |
| 22Q4 (13) | 0.01 | -97.87 | -95.45 | 16.02 | -16.43 | -8.14 | 2.63 | -60.03 | -50.66 | 0.13 | -98.99 | -97.51 | 0.21 | -98.29 | -95.17 | 0.08 | -98.02 | -96.83 | 0.16 | -93.22 | -88.15 | 0.20 | 11.11 | -31.03 | 5.92 | -67.0 | -14.33 | 77.83 | 1.69 | -13.03 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 0 | 18.40 | 1.55 | 47.2 |
| 22Q3 (12) | 0.47 | 291.67 | 147.37 | 19.17 | 33.5 | 34.9 | 6.58 | 714.95 | 83.29 | 12.93 | 189.91 | 251.36 | 12.28 | 223.16 | 297.41 | 4.05 | 289.42 | 105.58 | 2.36 | 242.03 | 126.92 | 0.18 | 20.0 | -41.94 | 17.94 | 52.16 | 239.77 | 76.54 | -6.83 | -32.41 | 50.00 | 325.0 | -50.0 | 50.00 | -62.5 | 0 | 18.12 | -21.96 | 51.89 |
| 22Q2 (11) | 0.12 | -86.67 | 340.0 | 14.36 | 14.24 | -2.84 | -1.07 | -84.48 | -166.05 | 4.46 | -81.65 | 3616.67 | 3.80 | -86.15 | 9600.0 | 1.04 | -85.71 | 5300.0 | 0.69 | -82.66 | 1050.0 | 0.15 | -11.76 | -42.31 | 11.79 | -61.45 | 517.28 | 82.15 | -3.76 | -16.44 | -22.22 | -1211.11 | 0 | 133.33 | 31.11 | 0 | 23.22 | 3.06 | 60.14 |
| 22Q1 (10) | 0.90 | 309.09 | 491.3 | 12.57 | -27.92 | 27.23 | -0.58 | -110.88 | 88.93 | 24.30 | 364.63 | 686.96 | 27.44 | 530.8 | 697.82 | 7.28 | 188.89 | 467.68 | 3.98 | 194.81 | 532.61 | 0.17 | -41.38 | -19.05 | 30.58 | 342.55 | 1771.04 | 85.36 | -4.62 | -17.18 | -1.69 | -101.69 | -101.39 | 101.69 | 0 | 557.63 | 22.53 | 80.24 | 27.5 |
| 21Q4 (9) | 0.22 | 15.79 | 2100.0 | 17.44 | 22.73 | 41.79 | 5.33 | 48.47 | 107.39 | 5.23 | 42.12 | 172.4 | 4.35 | 40.78 | 219.85 | 2.52 | 27.92 | 140.0 | 1.35 | 29.81 | 128.81 | 0.29 | -6.45 | -27.5 | 6.91 | 30.87 | 124.35 | 89.49 | -20.97 | -13.64 | 100.00 | 0.0 | -30.0 | 0.00 | 0 | 100.0 | 12.50 | 4.78 | 13.64 |
| 21Q3 (8) | 0.19 | 480.0 | -9.52 | 14.21 | -3.86 | -13.88 | 3.59 | 121.6 | -33.89 | 3.68 | 2966.67 | -37.63 | 3.09 | 7825.0 | -37.7 | 1.97 | 9950.0 | -37.66 | 1.04 | 1633.33 | -43.78 | 0.31 | 19.23 | -13.89 | 5.28 | 176.44 | -30.71 | 113.24 | 15.19 | 42.06 | 100.00 | 0 | 11.76 | 0.00 | 0 | -100.0 | 11.93 | -17.72 | 4.93 |
| 21Q2 (7) | -0.05 | 78.26 | -129.41 | 14.78 | 49.6 | -3.15 | 1.62 | 130.92 | -57.03 | 0.12 | 102.9 | -96.17 | -0.04 | 99.13 | -101.61 | -0.02 | 98.99 | -101.32 | 0.06 | 106.52 | -93.62 | 0.26 | 23.81 | -25.71 | 1.91 | 204.37 | -59.87 | 98.31 | -4.62 | 35.45 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 14.50 | -17.94 | 0 |
| 21Q1 (6) | -0.23 | -2400.0 | -109.09 | 9.88 | -19.67 | -34.26 | -5.24 | -303.89 | 19.51 | -4.14 | -315.62 | 2.82 | -4.59 | -437.5 | -8.51 | -1.98 | -288.57 | -47.76 | -0.92 | -255.93 | -35.29 | 0.21 | -47.5 | 16.67 | -1.83 | -159.42 | -140.79 | 103.07 | -0.53 | 47.2 | 122.22 | -14.44 | -18.52 | -22.22 | 48.15 | 55.56 | 17.67 | 60.64 | -11.47 |
| 20Q4 (5) | 0.01 | -95.24 | -95.0 | 12.30 | -25.45 | -37.97 | 2.57 | -52.67 | -59.84 | 1.92 | -67.46 | -67.4 | 1.36 | -72.58 | -72.64 | 1.05 | -66.77 | -62.37 | 0.59 | -68.11 | -62.18 | 0.40 | 11.11 | 33.33 | 3.08 | -59.58 | -63.51 | 103.62 | 30.0 | 24.44 | 142.86 | 59.66 | 32.65 | -42.86 | -914.29 | -457.14 | 11.00 | -3.25 | 0 |
| 20Q3 (4) | 0.21 | 23.53 | 0.0 | 16.50 | 8.13 | 0.0 | 5.43 | 44.03 | 0.0 | 5.90 | 88.5 | 0.0 | 4.96 | 99.2 | 0.0 | 3.16 | 109.27 | 0.0 | 1.85 | 96.81 | 0.0 | 0.36 | 2.86 | 0.0 | 7.62 | 60.08 | 0.0 | 79.71 | 9.82 | 0.0 | 89.47 | -19.47 | 0.0 | 5.26 | 123.68 | 0.0 | 11.37 | 0 | 0.0 |
| 20Q2 (3) | 0.17 | 254.55 | 0.0 | 15.26 | 1.53 | 0.0 | 3.77 | 157.91 | 0.0 | 3.13 | 173.47 | 0.0 | 2.49 | 158.87 | 0.0 | 1.51 | 212.69 | 0.0 | 0.94 | 238.24 | 0.0 | 0.35 | 94.44 | 0.0 | 4.76 | 726.32 | 0.0 | 72.58 | 3.66 | 0.0 | 111.11 | -25.93 | 0.0 | -22.22 | 55.56 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.11 | -155.0 | 0.0 | 15.03 | -24.21 | 0.0 | -6.51 | -201.72 | 0.0 | -4.26 | -172.33 | 0.0 | -4.23 | -185.11 | 0.0 | -1.34 | -148.03 | 0.0 | -0.68 | -143.59 | 0.0 | 0.18 | -40.0 | 0.0 | -0.76 | -109.0 | 0.0 | 70.02 | -15.91 | 0.0 | 150.00 | 39.29 | 0.0 | -50.00 | -550.0 | 0.0 | 19.96 | 0 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 19.83 | 0.0 | 0.0 | 6.40 | 0.0 | 0.0 | 5.89 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 2.79 | 0.0 | 0.0 | 1.56 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 8.44 | 0.0 | 0.0 | 83.27 | 0.0 | 0.0 | 107.69 | 0.0 | 0.0 | -7.69 | 0.0 | 0.0 | 0.00 | 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) | 0.06 | -95.97 | 15.38 | -1.79 | -0.76 | 0 | 6.34 | 38.37 | 0.34 | -96.67 | 0.46 | -95.7 | 0.48 | -96.07 | 0.72 | -89.84 | 0.58 | -14.71 | 8.49 | -47.72 | 80.70 | 3.69 | -200.00 | 0 | 300.00 | 281.48 | 4.12 | -9.79 | 22.93 | 12.73 |
| 2022 (9) | 1.49 | 1046.15 | 15.66 | 7.48 | 2.11 | 1.93 | 4.58 | 199.85 | 10.22 | 429.53 | 10.69 | 680.29 | 12.22 | 390.76 | 7.09 | 366.45 | 0.68 | -26.88 | 16.24 | 325.13 | 77.83 | -13.03 | 20.39 | -80.46 | 78.64 | 0 | 4.57 | 0 | 20.34 | 48.03 |
| 2021 (8) | 0.13 | -58.06 | 14.57 | 0.14 | 2.07 | -20.38 | 1.53 | -0.5 | 1.93 | -26.34 | 1.37 | -31.5 | 2.49 | -47.69 | 1.52 | -43.07 | 0.93 | -23.77 | 3.82 | -13.77 | 89.49 | -13.64 | 104.35 | 4.35 | -8.70 | 0 | 0.00 | 0 | 13.74 | 8.62 |
| 2020 (7) | 0.31 | -29.55 | 14.55 | -18.99 | 2.60 | -10.65 | 1.54 | -28.51 | 2.62 | -20.36 | 2.00 | -27.27 | 4.76 | -19.19 | 2.67 | -19.09 | 1.22 | 11.93 | 4.43 | -24.27 | 103.62 | 24.44 | 100.00 | 16.67 | 0.00 | 0 | 0.00 | 0 | 12.65 | -10.47 |
| 2019 (6) | 0.44 | 1366.67 | 17.96 | 28.84 | 2.91 | 1978.57 | 2.15 | 55.37 | 3.29 | 171.9 | 2.75 | 329.69 | 5.89 | 254.82 | 3.30 | 247.37 | 1.09 | -5.22 | 5.85 | 103.12 | 83.27 | -25.25 | 85.71 | 842.86 | 10.71 | -86.9 | 0.00 | 0 | 14.13 | 15.16 |
| 2018 (5) | 0.03 | 0 | 13.94 | 21.53 | 0.14 | 0 | 1.38 | -12.71 | 1.21 | 0 | 0.64 | 0 | 1.66 | 0 | 0.95 | 0 | 1.15 | -0.86 | 2.88 | 0 | 111.40 | -21.21 | 9.09 | -90.11 | 81.82 | 1057.14 | 0.00 | 0 | 12.27 | -0.89 |
| 2017 (4) | -1.68 | 0 | 11.47 | -13.69 | -10.35 | 0 | 1.58 | -36.06 | -11.17 | 0 | -11.69 | 0 | -29.22 | 0 | -13.51 | 0 | 1.16 | 43.21 | -9.39 | 0 | 141.38 | 49.56 | 91.92 | 90.65 | 7.07 | -86.35 | 0.00 | 0 | 12.38 | -18.12 |
| 2016 (3) | -1.07 | 0 | 13.29 | 25.02 | -4.15 | 0 | 2.48 | -29.87 | -8.72 | 0 | -9.02 | 0 | -16.13 | 0 | -6.75 | 0 | 0.81 | 32.79 | -5.42 | 0 | 94.53 | -39.32 | 48.21 | -62.27 | 51.79 | 0 | 0.00 | 0 | 15.12 | -25.88 |
| 2015 (2) | -0.79 | 0 | 10.63 | 53.39 | -8.61 | 0 | 3.53 | 36.77 | -6.77 | 0 | -7.97 | 0 | -13.01 | 0 | -4.23 | 0 | 0.61 | -29.89 | -1.86 | 0 | 155.78 | -12.29 | 127.78 | 25.65 | -27.78 | 0 | 0.00 | 0 | 20.40 | 6.58 |
| 2014 (1) | -1.80 | 0 | 6.93 | 0 | -14.03 | 0 | 2.58 | -24.26 | -13.89 | 0 | -14.03 | 0 | -31.46 | 0 | -11.33 | 0 | 0.87 | 3.57 | -9.98 | 0 | 177.60 | 24.64 | 101.69 | 6.7 | -0.85 | 0 | 0.00 | 0 | 19.14 | -2.69 |
