- 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) | 0.64 | -70.51 | 1166.67 | 30.77 | -4.68 | -16.5 | 19.84 | -21.33 | 88.41 | 17.46 | -28.5 | 198.31 | 15.70 | -21.73 | 188.4 | 3.39 | -74.51 | 888.37 | 1.12 | -66.67 | 3633.33 | 0.06 | -62.5 | 500.0 | 19.95 | -21.89 | 51.6 | 208.03 | -23.28 | -44.55 | 113.73 | 9.98 | 299.02 | -13.73 | -325.49 | -108.73 | 1.66 | 90.8 | -83.85 |
| 24Q2 (19) | 2.17 | 325.49 | 686.49 | 32.28 | 30.32 | 90.78 | 25.22 | 47.4 | 208.52 | 24.42 | 66.01 | 116.22 | 20.06 | 132.98 | 113.32 | 13.30 | 293.49 | 638.46 | 3.36 | 286.21 | 919.51 | 0.16 | 100.0 | 0 | 25.54 | 47.63 | 125.06 | 271.16 | -24.83 | -25.64 | 103.41 | -11.16 | 580.75 | -3.23 | 80.32 | -103.8 | 0.87 | -2.25 | -93.59 |
| 24Q1 (18) | 0.51 | 525.0 | 492.31 | 24.77 | 22.81 | 55.01 | 17.11 | 2276.39 | 681.97 | 14.71 | 286.91 | 177.67 | 8.61 | 182.23 | 145.46 | 3.38 | 522.5 | 484.09 | 0.87 | 2275.0 | 1342.86 | 0.08 | 300.0 | 700.0 | 17.30 | 492.47 | 747.94 | 360.72 | -8.19 | 5.36 | 116.39 | 1205.74 | 714.75 | -16.39 | -114.83 | -119.13 | 0.89 | -78.35 | -81.26 |
| 23Q4 (17) | -0.12 | -100.0 | 50.0 | 20.17 | -45.26 | -78.87 | 0.72 | -93.16 | 100.01 | -7.87 | 55.69 | 99.95 | -10.47 | 41.05 | 99.94 | -0.80 | -86.05 | 48.05 | -0.04 | -233.33 | 84.0 | 0.02 | 100.0 | 0 | 2.92 | -77.81 | 0 | 392.88 | 4.73 | 18.74 | -10.53 | 81.58 | -114.79 | 110.53 | -29.67 | 283.16 | 4.11 | -60.02 | -99.81 |
| 23Q3 (16) | -0.06 | 83.78 | 72.73 | 36.85 | 117.79 | -61.63 | 10.53 | 145.31 | 100.2 | -17.76 | 88.21 | 99.87 | -17.76 | 88.21 | 99.87 | -0.43 | 82.59 | 68.61 | 0.03 | 107.32 | 113.04 | 0.01 | 0 | 0 | 13.16 | 112.91 | 0 | 375.15 | 2.88 | 20.37 | -57.14 | -476.19 | -246.03 | 157.14 | 85.29 | 158.16 | 10.28 | -24.24 | -99.5 |
| 23Q2 (15) | -0.37 | -184.62 | -105.56 | 16.92 | 5.88 | -83.08 | -23.24 | -690.48 | 99.7 | -150.60 | -695.14 | 99.04 | -150.60 | -695.14 | 99.09 | -2.47 | -180.68 | -122.52 | -0.41 | -485.71 | -127.78 | 0.00 | -100.0 | 0 | -101.92 | -3717.23 | 0 | 364.66 | 6.51 | 25.61 | 15.19 | 6.33 | -69.62 | 84.81 | -1.05 | 69.62 | 13.57 | 185.68 | -99.53 |
| 23Q1 (14) | -0.13 | 45.83 | -160.0 | 15.98 | -83.26 | -48.47 | -2.94 | 99.98 | -143.95 | -18.94 | 99.89 | -55.37 | -18.94 | 99.88 | -54.99 | -0.88 | 42.86 | -193.33 | -0.07 | 72.0 | -450.0 | 0.01 | 0 | 0.0 | -2.67 | 0 | -128.71 | 342.37 | 3.47 | 24.0 | 14.29 | -79.92 | 123.81 | 85.71 | 197.14 | -46.43 | 4.75 | -99.78 | -38.95 |
| 22Q4 (13) | -0.24 | -9.09 | -204.35 | 95.47 | -0.59 | 250.22 | -11937.20 | -123.11 | -89718.62 | -16906.80 | -21.88 | -169506.81 | -16325.20 | -17.68 | -164337.42 | -1.54 | -12.41 | -211.59 | -0.25 | -8.7 | -151.02 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 330.88 | 6.17 | 26.58 | 71.15 | 81.84 | -46.63 | 28.85 | -52.61 | 186.54 | 2187.38 | 5.96 | 92585.59 |
| 22Q3 (12) | -0.22 | -22.22 | -200.0 | 96.04 | -3.96 | 282.17 | -5350.30 | 30.48 | -33792.07 | -13872.00 | 11.74 | -117460.41 | -13872.00 | 15.94 | -118059.18 | -1.37 | -23.42 | -201.48 | -0.23 | -27.78 | -146.94 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 311.66 | 7.35 | 18.16 | 39.13 | -21.74 | -70.81 | 60.87 | 21.74 | 278.8 | 2064.33 | -28.42 | 116528.81 |
| 22Q2 (11) | -0.18 | -260.0 | -169.23 | 100.00 | 222.48 | 298.25 | -7696.51 | -115144.99 | -48536.19 | -15717.90 | -128840.94 | -128724.39 | -16502.20 | -134942.55 | -136032.45 | -1.11 | -270.0 | -169.38 | -0.18 | -1000.0 | -132.14 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 290.32 | 5.15 | 12.1 | 50.00 | 183.33 | -61.81 | 50.00 | -68.75 | 261.76 | 2883.84 | 36967.35 | 184761.54 |
| 22Q1 (10) | -0.05 | -121.74 | 28.57 | 31.01 | 13.76 | 68.08 | 6.69 | -49.77 | 1660.53 | -12.19 | -222.14 | 12.37 | -12.22 | -222.94 | 13.76 | -0.30 | -121.74 | 34.78 | 0.02 | -95.92 | 200.0 | 0.01 | -75.0 | 0.0 | 9.30 | -33.09 | 410.99 | 276.10 | 5.63 | 9.55 | -60.00 | -145.0 | 0 | 160.00 | 580.0 | 50.0 | 7.78 | 229.66 | 46.52 |
| 21Q4 (9) | 0.23 | 4.55 | 243.75 | 27.26 | 8.48 | 22.02 | 13.32 | -16.12 | 150.4 | 9.98 | -15.57 | 120.43 | 9.94 | -15.48 | 120.22 | 1.38 | 2.22 | 236.63 | 0.49 | 0.0 | 357.89 | 0.04 | 33.33 | 300.0 | 13.90 | -16.82 | 158.06 | 261.39 | -0.9 | 5.82 | 133.33 | -0.53 | 145.61 | -33.33 | 2.08 | -172.92 | 2.36 | 33.33 | -91.11 |
| 21Q3 (8) | 0.22 | -15.38 | 269.23 | 25.13 | 0.08 | -4.19 | 15.88 | -0.06 | 148.95 | 11.82 | -3.27 | 114.63 | 11.76 | -3.13 | 114.45 | 1.35 | -15.62 | 273.08 | 0.49 | -12.5 | 508.33 | 0.03 | -25.0 | 0 | 16.71 | 2.26 | 155.15 | 263.76 | 1.84 | 12.45 | 134.04 | 2.39 | 229.01 | -34.04 | -10.14 | -157.45 | 1.77 | 13.46 | -92.0 |
| 21Q2 (7) | 0.26 | 471.43 | 360.0 | 25.11 | 36.1 | 48.93 | 15.89 | 4081.58 | 248.78 | 12.22 | 187.85 | 139.34 | 12.14 | 185.67 | 138.97 | 1.60 | 447.83 | 366.67 | 0.56 | 2900.0 | 722.22 | 0.04 | 300.0 | 300.0 | 16.34 | 797.8 | 282.37 | 258.99 | 2.76 | 16.37 | 130.91 | 0 | 292.73 | -30.91 | -128.98 | -146.36 | 1.56 | -70.62 | 0 |
| 21Q1 (6) | -0.07 | 56.25 | 36.36 | 18.45 | -17.41 | -5.24 | 0.38 | 101.44 | 102.64 | -13.91 | 71.53 | 70.39 | -14.17 | 71.17 | 69.98 | -0.46 | 54.46 | 30.3 | -0.02 | 89.47 | 81.82 | 0.01 | 0.0 | 0.0 | 1.82 | 107.6 | 114.87 | 252.03 | 2.03 | 52.44 | -0.00 | -100.0 | -100.0 | 106.67 | 133.33 | 53.33 | 5.31 | -79.99 | -57.92 |
| 20Q4 (5) | -0.16 | -23.08 | 78.95 | 22.34 | -14.83 | -4.77 | -26.43 | 18.53 | -1059.21 | -48.85 | 39.53 | 45.1 | -49.15 | 39.61 | 43.74 | -1.01 | -29.49 | 77.4 | -0.19 | -58.33 | 88.89 | 0.01 | 0 | -50.0 | -23.94 | 20.99 | 70.03 | 247.01 | 5.31 | 59.83 | 54.29 | 33.25 | 2125.71 | 45.71 | -22.86 | -53.14 | 26.54 | 19.93 | 0 |
| 20Q3 (4) | -0.13 | -30.0 | 0.0 | 26.23 | 55.58 | 0.0 | -32.44 | -203.75 | 0.0 | -80.79 | -160.11 | 0.0 | -81.39 | -161.28 | 0.0 | -0.78 | -30.0 | 0.0 | -0.12 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 | -30.30 | -238.17 | 0.0 | 234.56 | 5.39 | 0.0 | 40.74 | 22.22 | 0.0 | 59.26 | -11.11 | 0.0 | 22.13 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | 9.09 | 0.0 | 16.86 | -13.41 | 0.0 | -10.68 | 25.78 | 0.0 | -31.06 | 33.89 | 0.0 | -31.15 | 34.0 | 0.0 | -0.60 | 9.09 | 0.0 | -0.09 | 18.18 | 0.0 | 0.01 | 0.0 | 0.0 | -8.96 | 26.8 | 0.0 | 222.56 | 34.62 | 0.0 | 33.33 | 9.52 | 0.0 | 66.67 | -4.17 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.11 | 85.53 | 0.0 | 19.47 | -17.01 | 0.0 | -14.39 | -531.14 | 0.0 | -46.98 | 47.2 | 0.0 | -47.20 | 45.98 | 0.0 | -0.66 | 85.23 | 0.0 | -0.11 | 93.57 | 0.0 | 0.01 | -50.0 | 0.0 | -12.24 | 84.68 | 0.0 | 165.33 | 6.98 | 0.0 | 30.43 | 1147.83 | 0.0 | 69.57 | -28.7 | 0.0 | 12.62 | 0 | 0.0 |
| 19Q4 (1) | -0.76 | 0.0 | 0.0 | 23.46 | 0.0 | 0.0 | -2.28 | 0.0 | 0.0 | -88.98 | 0.0 | 0.0 | -87.37 | 0.0 | 0.0 | -4.47 | 0.0 | 0.0 | -1.71 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -79.89 | 0.0 | 0.0 | 154.55 | 0.0 | 0.0 | 2.44 | 0.0 | 0.0 | 97.56 | 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) | -0.69 | 0 | 21.08 | -33.44 | -1.32 | 0 | 1.35 | -83.2 | -26.93 | 0 | -28.13 | 0 | -4.57 | 0 | -0.49 | 0 | 0.04 | 300.0 | -7.72 | 0 | 392.88 | 18.74 | 5.04 | -89.01 | 95.68 | 76.65 | 0.00 | 0 | 6.16 | -80.11 |
| 2022 (9) | -0.68 | 0 | 31.67 | 25.03 | -76.65 | 0 | 8.05 | 1554.02 | -166.61 | 0 | -166.65 | 0 | -4.28 | 0 | -0.64 | 0 | 0.01 | -91.67 | -73.56 | 0 | 330.88 | 26.58 | 45.83 | -68.91 | 54.17 | 0 | 0.00 | 0 | 30.97 | 1327.19 |
| 2021 (8) | 0.63 | 0 | 25.33 | 22.78 | 13.84 | 0 | 0.49 | -73.25 | 9.36 | 0 | 9.29 | 0 | 3.87 | 0 | 1.54 | 0 | 0.12 | 500.0 | 14.52 | 0 | 261.39 | 5.82 | 147.41 | 251.77 | -47.41 | 0 | 0.00 | 0 | 2.17 | -87.6 |
| 2020 (7) | -0.50 | 0 | 20.63 | -18.65 | -19.88 | 0 | 1.82 | 344.55 | -47.88 | 0 | -48.15 | 0 | -3.05 | 0 | -0.53 | 0 | 0.02 | -81.82 | -17.27 | 0 | 247.01 | 59.83 | 41.90 | 0 | 59.05 | -68.1 | 0.00 | 0 | 17.50 | 323.73 |
| 2019 (6) | -0.68 | 0 | 25.36 | 40.19 | 12.23 | 10.48 | 0.41 | 702.45 | -14.45 | 0 | -14.70 | 0 | -3.96 | 0 | -1.06 | 0 | 0.11 | -54.17 | -7.46 | 0 | 154.55 | 22.67 | -85.11 | 0 | 185.11 | 0 | 0.00 | 0 | 4.13 | 94.81 |
| 2018 (5) | 0.69 | 64.29 | 18.09 | -34.83 | 11.07 | -22.15 | 0.05 | -55.15 | 7.85 | -20.87 | 7.41 | -23.69 | 3.96 | 65.69 | 2.30 | 44.65 | 0.24 | 100.0 | 10.50 | -29.48 | 125.99 | 8.87 | 140.91 | -1.93 | -40.91 | 0 | 0.00 | 0 | 2.12 | -45.36 |
| 2017 (4) | 0.42 | 200.0 | 27.76 | -13.2 | 14.22 | -14.34 | 0.11 | -39.77 | 9.92 | 31.91 | 9.71 | 75.27 | 2.39 | 195.06 | 1.59 | 78.65 | 0.12 | 71.43 | 14.89 | -4.92 | 115.72 | 6.85 | 143.68 | -34.69 | -43.68 | 0 | 0.00 | 0 | 3.88 | -4.2 |
| 2016 (3) | 0.14 | -89.78 | 31.98 | -7.47 | 16.60 | -32.0 | 0.19 | -12.17 | 7.52 | -75.62 | 5.54 | -80.87 | 0.81 | -89.6 | 0.89 | -80.82 | 0.07 | -46.15 | 15.66 | -59.5 | 108.30 | 18.68 | 220.00 | 178.15 | -120.00 | 0 | 0.00 | 0 | 4.05 | 41.11 |
| 2015 (2) | 1.37 | -78.63 | 34.56 | -19.35 | 24.41 | -30.3 | 0.21 | 447.15 | 30.85 | -7.94 | 28.96 | -10.15 | 7.79 | -73.06 | 4.64 | -67.73 | 0.13 | -69.05 | 38.67 | 8.84 | 91.25 | -23.27 | 79.09 | -24.36 | 20.91 | 0 | 0.00 | 0 | 2.87 | 77.16 |
| 2014 (1) | 6.41 | 24.95 | 42.85 | 0 | 35.02 | 0 | 0.04 | -23.48 | 33.51 | 0 | 32.23 | 0 | 28.92 | 0 | 14.38 | 0 | 0.42 | -16.0 | 35.53 | 16.76 | 118.93 | 17.22 | 104.57 | 1.56 | -4.57 | 0 | 0.00 | 0 | 1.62 | 1.25 |
