- 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) | -0.50 | -525.0 | -165.79 | 11.31 | -21.73 | -43.9 | -5.21 | -138.99 | -220.6 | -5.08 | -177.6 | -180.63 | -6.11 | -223.28 | -188.68 | -1.79 | -258.0 | -187.32 | -1.16 | -286.67 | -186.57 | 0.20 | 11.11 | 5.26 | 0.47 | -89.39 | -96.09 | 49.07 | -3.58 | -10.08 | 102.33 | -15.73 | 52.11 | -2.33 | 89.15 | -107.52 | 24.67 | -4.16 | 7.68 |
| 24Q2 (19) | -0.08 | 65.22 | -130.77 | 14.45 | -1.57 | -18.08 | -2.18 | 32.92 | -159.73 | -1.83 | -81.19 | -141.5 | -1.89 | 46.0 | -197.42 | -0.50 | 43.18 | -187.72 | -0.30 | 47.37 | -173.17 | 0.18 | 5.88 | -5.26 | 4.43 | -17.81 | -55.74 | 50.89 | 10.56 | -19.16 | 121.43 | -61.14 | 44.93 | -21.43 | 89.92 | -232.14 | 25.74 | 0.08 | 13.54 |
| 24Q1 (18) | -0.23 | 0 | -76.92 | 14.68 | -6.02 | -12.36 | -3.25 | -1400.0 | -527.63 | -1.01 | -215.62 | -162.73 | -3.50 | -218.18 | -68.27 | -0.88 | -183.87 | -79.59 | -0.57 | -235.29 | -111.11 | 0.17 | -10.53 | 13.33 | 5.39 | -11.06 | -30.45 | 46.03 | 0.52 | -14.22 | 312.50 | 568.75 | 587.5 | -212.50 | -227.5 | -489.58 | 25.72 | 14.98 | 6.63 |
| 23Q4 (17) | 0.00 | -100.0 | 100.0 | 15.62 | -22.52 | -10.33 | 0.25 | -94.21 | -91.78 | -0.32 | -105.08 | -143.24 | -1.10 | -115.97 | 55.65 | -0.31 | -115.12 | 47.46 | -0.17 | -112.69 | 48.48 | 0.19 | 0.0 | 26.67 | 6.06 | -49.54 | -8.6 | 45.79 | -16.09 | -17.64 | -66.67 | -199.1 | -115.15 | 166.67 | 439.22 | 152.08 | 22.37 | -2.36 | -5.61 |
| 23Q3 (16) | 0.76 | 192.31 | 117.14 | 20.16 | 14.29 | 38.18 | 4.32 | 18.36 | 1300.0 | 6.30 | 42.86 | 235.11 | 6.89 | 255.15 | 72.68 | 2.05 | 259.65 | 102.97 | 1.34 | 226.83 | 100.0 | 0.19 | 0.0 | 18.75 | 12.01 | 19.98 | 57.61 | 54.57 | -13.31 | -5.52 | 67.27 | -19.71 | 413.94 | 30.91 | 90.61 | -74.55 | 22.91 | 1.06 | -0.99 |
| 23Q2 (15) | 0.26 | 300.0 | 192.86 | 17.64 | 5.31 | 83.94 | 3.65 | 380.26 | 180.57 | 4.41 | 173.91 | 293.42 | 1.94 | 193.27 | 156.73 | 0.57 | 216.33 | 165.52 | 0.41 | 251.85 | 182.0 | 0.19 | 26.67 | 18.75 | 10.01 | 29.16 | 193.55 | 62.95 | 17.31 | 2.93 | 83.78 | 84.32 | -59.31 | 16.22 | -70.27 | 116.22 | 22.67 | -6.01 | -4.63 |
| 23Q1 (14) | -0.13 | 31.58 | 70.45 | 16.75 | -3.85 | 115.3 | 0.76 | -75.0 | 118.01 | 1.61 | 117.57 | 143.51 | -2.08 | 16.13 | 59.53 | -0.49 | 16.95 | 64.75 | -0.27 | 18.18 | 65.82 | 0.15 | 0.0 | -6.25 | 7.75 | 16.89 | 393.63 | 53.66 | -3.49 | -12.23 | 45.45 | -89.67 | -59.74 | 54.55 | 117.05 | 522.73 | 24.12 | 1.77 | 4.55 |
| 22Q4 (13) | -0.19 | -154.29 | -11.76 | 17.42 | 19.4 | 55.26 | 3.04 | 944.44 | 1547.62 | 0.74 | -60.64 | 7500.0 | -2.48 | -162.16 | -45.03 | -0.59 | -158.42 | -11.32 | -0.33 | -149.25 | -26.92 | 0.15 | -6.25 | -16.67 | 6.63 | -12.99 | 5.24 | 55.60 | -3.74 | -22.15 | 440.00 | 2153.33 | 0 | -320.00 | -363.53 | 0 | 23.70 | 2.42 | 12.22 |
| 22Q3 (12) | 0.35 | 225.0 | 34.62 | 14.59 | 52.14 | -2.86 | -0.36 | 92.05 | -109.21 | 1.88 | 182.46 | -59.22 | 3.99 | 216.67 | 72.73 | 1.01 | 216.09 | 40.28 | 0.67 | 234.0 | 45.65 | 0.16 | 0.0 | -5.88 | 7.62 | 123.46 | -20.46 | 57.76 | -5.56 | -27.77 | -21.43 | -110.41 | -124.81 | 121.43 | 221.43 | 663.27 | 23.14 | -2.65 | 9.25 |
| 22Q2 (11) | -0.28 | 36.36 | -182.35 | 9.59 | 23.26 | -27.35 | -4.53 | -7.35 | -425.9 | -2.28 | 38.38 | -184.44 | -3.42 | 33.46 | -197.99 | -0.87 | 37.41 | -195.6 | -0.50 | 36.71 | -189.29 | 0.16 | 0.0 | 14.29 | 3.41 | 117.2 | -60.26 | 61.16 | 0.03 | -22.58 | 205.88 | 82.35 | 311.76 | -100.00 | -675.0 | -300.0 | 23.77 | 3.03 | 4.81 |
| 22Q1 (10) | -0.44 | -158.82 | -128.21 | 7.78 | -30.66 | -25.69 | -4.22 | -1909.52 | 21.56 | -3.70 | -36900.0 | -116.26 | -5.14 | -200.58 | -130.4 | -1.39 | -162.26 | -130.28 | -0.79 | -203.85 | -131.85 | 0.16 | -11.11 | 14.29 | 1.57 | -75.08 | -94.59 | 61.14 | -14.39 | -26.73 | 112.90 | 0 | 579.84 | -12.90 | 0 | -110.4 | 23.07 | 9.23 | -9.71 |
| 21Q4 (9) | -0.17 | -165.38 | -130.91 | 11.22 | -25.3 | -22.41 | -0.21 | -105.37 | -108.64 | -0.01 | -100.22 | -100.11 | -1.71 | -174.03 | -133.14 | -0.53 | -173.61 | -133.12 | -0.26 | -156.52 | -130.23 | 0.18 | 5.88 | 12.5 | 6.30 | -34.24 | -66.6 | 71.42 | -10.69 | -26.44 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 21.12 | -0.28 | 5.02 |
| 21Q3 (8) | 0.26 | -23.53 | 105.47 | 15.02 | 13.79 | -12.37 | 3.91 | 181.29 | -25.24 | 4.61 | 70.74 | -29.83 | 2.31 | -33.81 | 104.88 | 0.72 | -20.88 | 105.12 | 0.46 | -17.86 | 106.16 | 0.17 | 21.43 | 6.25 | 9.58 | 11.66 | -25.27 | 79.97 | 1.23 | -21.35 | 86.36 | 72.73 | 6.58 | 15.91 | -68.18 | -23.11 | 21.18 | -6.61 | 4.8 |
| 21Q2 (7) | 0.34 | -78.21 | 112.5 | 13.20 | 26.07 | 0.69 | 1.39 | 125.84 | 4733.33 | 2.70 | -88.13 | -41.81 | 3.49 | -79.36 | 71.08 | 0.91 | -80.17 | 111.63 | 0.56 | -77.42 | 75.0 | 0.14 | 0.0 | 16.67 | 8.58 | -70.41 | -33.64 | 79.00 | -5.33 | 8.83 | 50.00 | 312.5 | 0 | 50.00 | -59.7 | -50.0 | 22.68 | -11.23 | -2.37 |
| 21Q1 (6) | 1.56 | 183.64 | 587.5 | 10.47 | -27.59 | 3.66 | -5.38 | -321.4 | -12.32 | 22.75 | 158.52 | 1995.83 | 16.91 | 227.71 | 553.35 | 4.59 | 186.87 | 673.75 | 2.48 | 188.37 | 770.27 | 0.14 | -12.5 | 16.67 | 29.00 | 53.76 | 305.03 | 83.45 | -14.05 | 10.33 | -23.53 | -184.49 | -105.88 | 124.06 | 71.95 | 141.35 | 25.55 | 27.05 | 2.94 |
| 20Q4 (5) | 0.55 | 111.58 | 96.43 | 14.46 | -15.64 | -11.07 | 2.43 | -53.54 | 68.75 | 8.80 | 33.94 | 43.56 | 5.16 | 110.89 | 77.32 | 1.60 | 111.39 | 135.29 | 0.86 | 111.51 | 86.96 | 0.16 | 0.0 | 23.08 | 18.86 | 47.11 | 40.33 | 97.09 | -4.51 | 26.98 | 27.85 | -65.63 | 16.46 | 72.15 | 248.73 | -5.17 | 20.11 | -0.49 | -11.76 |
| 20Q3 (4) | -4.75 | -3068.75 | 0.0 | 17.14 | 30.74 | 0.0 | 5.23 | 17533.33 | 0.0 | 6.57 | 41.59 | 0.0 | -47.37 | -2422.06 | 0.0 | -14.05 | -3367.44 | 0.0 | -7.47 | -2434.38 | 0.0 | 0.16 | 33.33 | 0.0 | 12.82 | -0.85 | 0.0 | 101.68 | 40.07 | 0.0 | 81.03 | 0 | 0.0 | 20.69 | -79.31 | 0.0 | 20.21 | -13.0 | 0.0 |
| 20Q2 (3) | 0.16 | 150.0 | 0.0 | 13.11 | 29.8 | 0.0 | -0.03 | 99.37 | 0.0 | 4.64 | 486.67 | 0.0 | 2.04 | 154.69 | 0.0 | 0.43 | 153.75 | 0.0 | 0.32 | 186.49 | 0.0 | 0.12 | 0.0 | 0.0 | 12.93 | 80.59 | 0.0 | 72.59 | -4.03 | 0.0 | -0.00 | -100.0 | 0.0 | 100.00 | 133.33 | 0.0 | 23.23 | -6.41 | 0.0 |
| 20Q1 (2) | -0.32 | -214.29 | 0.0 | 10.10 | -37.88 | 0.0 | -4.79 | -432.64 | 0.0 | -1.20 | -119.58 | 0.0 | -3.73 | -228.18 | 0.0 | -0.80 | -217.65 | 0.0 | -0.37 | -180.43 | 0.0 | 0.12 | -7.69 | 0.0 | 7.16 | -46.73 | 0.0 | 75.64 | -1.07 | 0.0 | 400.00 | 1572.73 | 0.0 | -300.00 | -494.29 | 0.0 | 24.82 | 8.91 | 0.0 |
| 19Q4 (1) | 0.28 | 0.0 | 0.0 | 16.26 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 6.13 | 0.0 | 0.0 | 2.91 | 0.0 | 0.0 | 0.68 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 13.44 | 0.0 | 0.0 | 76.46 | 0.0 | 0.0 | 23.91 | 0.0 | 0.0 | 76.09 | 0.0 | 0.0 | 22.79 | 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) | 0.88 | 0 | 17.60 | 44.86 | 2.33 | 0 | 5.29 | 11.88 | 3.09 | 0 | 1.61 | 0 | 1.76 | 0 | 1.35 | 0 | 0.73 | 17.74 | 9.04 | 92.75 | 45.79 | -17.64 | 75.25 | -57.21 | 24.75 | 0 | 1.55 | 0 | 22.97 | -1.88 |
| 2022 (9) | -0.55 | 0 | 12.15 | -3.03 | -1.66 | 0 | 4.73 | -0.53 | -0.94 | 0 | -1.84 | 0 | -1.88 | 0 | -0.99 | 0 | 0.62 | -3.13 | 4.69 | -63.87 | 55.60 | -22.15 | 175.86 | 14789.66 | -75.86 | 0 | 0.00 | 0 | 23.41 | 3.91 |
| 2021 (8) | 1.99 | 0 | 12.53 | -10.5 | 0.07 | -93.97 | 4.75 | -13.79 | 7.18 | 39.96 | 4.92 | 0 | 5.83 | 0 | 3.39 | 0 | 0.64 | 16.36 | 12.98 | -2.63 | 71.42 | -26.44 | 1.18 | -94.75 | 98.82 | 27.51 | 0.00 | 0 | 22.53 | 3.3 |
| 2020 (7) | -4.50 | 0 | 14.00 | -17.74 | 1.16 | -59.01 | 5.51 | -6.5 | 5.13 | -22.97 | -12.38 | 0 | -12.67 | 0 | -6.52 | 0 | 0.55 | 1.85 | 13.33 | -5.12 | 97.09 | 26.98 | 22.50 | -46.96 | 77.50 | 34.61 | 0.00 | 0 | 21.81 | -3.5 |
| 2019 (6) | 1.22 | 52.5 | 17.02 | 38.15 | 2.83 | 502.13 | 5.90 | 28.38 | 6.66 | 92.49 | 3.24 | 80.0 | 3.00 | 53.06 | 2.03 | 47.1 | 0.54 | -15.62 | 14.05 | 42.93 | 76.46 | 9.92 | 42.42 | 206.95 | 57.58 | -33.19 | 0.00 | 0 | 22.60 | 3.39 |
| 2018 (5) | 0.80 | 566.67 | 12.32 | 2.84 | 0.47 | -22.95 | 4.59 | -0.33 | 3.46 | 69.61 | 1.80 | 566.67 | 1.96 | 575.86 | 1.38 | 272.97 | 0.64 | 6.67 | 9.83 | 19.73 | 69.56 | -3.17 | 13.82 | -53.27 | 86.18 | 22.37 | 0.00 | 0 | 21.86 | 0.69 |
| 2017 (4) | 0.12 | -88.46 | 11.98 | -6.48 | 0.61 | -73.01 | 4.61 | -4.18 | 2.04 | -35.24 | 0.27 | -84.83 | 0.29 | -87.71 | 0.37 | -76.58 | 0.60 | -20.0 | 8.21 | -14.48 | 71.84 | -8.06 | 29.58 | -58.87 | 70.42 | 150.77 | 0.00 | 0 | 21.71 | -2.86 |
| 2016 (3) | 1.04 | 20.93 | 12.81 | 1.18 | 2.26 | 162.79 | 4.81 | -25.43 | 3.15 | -19.02 | 1.78 | 13.38 | 2.36 | 23.56 | 1.58 | 20.61 | 0.75 | 7.14 | 9.60 | -19.46 | 78.14 | 5.68 | 71.92 | 220.86 | 28.08 | -64.07 | 0.00 | 0 | 22.35 | 3.33 |
| 2015 (2) | 0.86 | 0 | 12.66 | 22.08 | 0.86 | 0 | 6.45 | -14.41 | 3.89 | 0 | 1.57 | 0 | 1.91 | 0 | 1.31 | 0 | 0.70 | 4.48 | 11.92 | 35.45 | 73.94 | 3.62 | 22.41 | -91.65 | 78.16 | 0 | 0.00 | 0 | 21.63 | 4.64 |
| 2014 (1) | -0.95 | 0 | 10.37 | 0 | -1.14 | 0 | 7.54 | 0.6 | -0.42 | 0 | -1.74 | 0 | -2.09 | 0 | -0.87 | 0 | 0.67 | -11.84 | 8.80 | -27.87 | 71.36 | -19.02 | 268.42 | 266.03 | -168.42 | 0 | 0.00 | 0 | 20.67 | 17.51 |
