- 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) | 0.13 | 85.71 | 360.0 | 37.32 | 49.64 | 1544.05 | 22.24 | 151.3 | 230.21 | 12.62 | 110.68 | 313.54 | 12.62 | 110.68 | 313.54 | 1.22 | 100.0 | 339.22 | 1.12 | 93.1 | 373.17 | 0.09 | 0.0 | 12.5 | 22.29 | 44.09 | 128.38 | 9.88 | -28.51 | -20.71 | 176.19 | 19.35 | -38.87 | -76.19 | -60.0 | 59.52 | 20.99 | -9.53 | -21.59 |
| 24Q2 (19) | 0.07 | -68.18 | 250.0 | 24.94 | 20.25 | 93.18 | 8.85 | 825.41 | 168.87 | 5.99 | -77.75 | 185.24 | 5.99 | -77.75 | 185.24 | 0.61 | -70.24 | 335.71 | 0.58 | -68.65 | 262.5 | 0.09 | 28.57 | 50.0 | 15.47 | -63.24 | -38.39 | 13.82 | 4.78 | 4.07 | 147.62 | 3544.44 | 125.45 | -47.62 | -145.66 | -107.22 | 23.20 | -38.93 | -32.3 |
| 24Q1 (18) | 0.22 | 57.14 | 2300.0 | 20.74 | -50.2 | -13.48 | -1.22 | -104.9 | 30.68 | 26.92 | 97.22 | 1782.5 | 26.92 | 97.36 | 1782.5 | 2.05 | 57.69 | 1963.64 | 1.85 | 55.46 | 9350.0 | 0.07 | -12.5 | 40.0 | 42.08 | 53.8 | 90.67 | 13.19 | -3.09 | -53.03 | -4.29 | -102.33 | -104.29 | 104.29 | 224.56 | 0 | 37.99 | 62.35 | 17.18 |
| 23Q4 (17) | 0.14 | 380.0 | 207.69 | 41.65 | 1734.8 | 248.83 | 24.91 | 245.84 | 405.64 | 13.65 | 330.96 | 185.05 | 13.64 | 330.8 | 184.98 | 1.30 | 354.9 | 207.44 | 1.19 | 390.24 | 238.37 | 0.08 | 0.0 | 33.33 | 27.36 | 180.33 | 479.66 | 13.61 | 9.23 | -56.01 | 183.72 | -36.26 | 258.69 | -83.72 | 55.52 | -271.63 | 23.40 | -12.59 | -14.85 |
| 23Q3 (16) | -0.05 | -350.0 | -111.9 | 2.27 | -82.42 | -82.22 | -17.08 | -32.92 | -393.64 | -5.91 | -381.43 | -115.51 | -5.91 | -381.43 | -115.51 | -0.51 | -464.29 | -112.78 | -0.41 | -356.25 | -114.34 | 0.08 | 33.33 | 14.29 | 9.76 | -61.13 | -81.93 | 12.46 | -6.17 | -58.71 | 288.24 | 149.7 | 3294.61 | -188.24 | -128.52 | -272.66 | 26.77 | -21.89 | 35.82 |
| 23Q2 (15) | 0.02 | 300.0 | 0 | 12.91 | -46.14 | -12.47 | -12.85 | -630.11 | -1467.07 | 2.10 | 231.25 | 588.37 | 2.10 | 231.25 | 588.37 | 0.14 | 227.27 | 380.0 | 0.16 | 900.0 | 300.0 | 0.06 | 20.0 | -14.29 | 25.11 | 13.77 | 56.84 | 13.28 | -52.71 | -75.81 | -580.00 | -680.0 | -486.67 | 660.00 | 0 | 1420.0 | 34.27 | 5.71 | 86.96 |
| 23Q1 (14) | -0.01 | 92.31 | 94.12 | 23.97 | 100.75 | 1897.5 | -1.76 | 78.4 | 90.77 | -1.60 | 90.03 | 90.9 | -1.60 | 90.03 | 90.9 | -0.11 | 90.91 | 93.29 | -0.02 | 97.67 | 98.18 | 0.05 | -16.67 | -28.57 | 22.07 | 367.58 | 1597.69 | 28.08 | -9.24 | -31.11 | 100.00 | 95.24 | -8.47 | -0.00 | -100.0 | 100.0 | 32.42 | 17.98 | 30.78 |
| 22Q4 (13) | -0.13 | -130.95 | -44.44 | 11.94 | -6.5 | 49.25 | -8.15 | -135.55 | -1.88 | -16.05 | -142.11 | -83.01 | -16.05 | -142.11 | -83.01 | -1.21 | -130.33 | -37.5 | -0.86 | -130.07 | -53.57 | 0.06 | -14.29 | -14.29 | 4.72 | -91.26 | -47.32 | 30.94 | 2.52 | -16.38 | 51.22 | 667.68 | -44.99 | 48.78 | -55.26 | 371.54 | 27.48 | 39.42 | 9.7 |
| 22Q3 (12) | 0.42 | 0 | 333.33 | 12.77 | -13.42 | 218.45 | -3.46 | -321.95 | 79.34 | 38.11 | 8962.79 | 354.07 | 38.11 | 8962.79 | 354.07 | 3.99 | 8080.0 | 337.5 | 2.86 | 7050.0 | 355.36 | 0.07 | 0.0 | -12.5 | 54.02 | 237.41 | 3992.42 | 30.18 | -45.02 | -24.28 | -9.02 | -106.02 | -108.04 | 109.02 | 318.05 | 987.76 | 19.71 | 7.53 | -12.13 |
| 22Q2 (11) | 0.00 | 100.0 | -100.0 | 14.75 | 1129.17 | -30.49 | -0.82 | 95.7 | -112.46 | -0.43 | 97.55 | -113.92 | -0.43 | 97.55 | -113.92 | -0.05 | 96.95 | -110.64 | 0.04 | 103.64 | -90.24 | 0.07 | 0.0 | -36.36 | 16.01 | 1131.54 | -3.55 | 54.89 | 34.67 | 38.33 | 150.00 | 37.29 | -29.41 | -50.00 | -440.0 | 55.56 | 18.33 | -26.06 | -3.93 |
| 22Q1 (10) | -0.17 | -88.89 | -162.96 | 1.20 | -85.0 | -96.08 | -19.06 | -138.25 | -213.18 | -17.58 | -100.46 | -211.2 | -17.58 | -100.46 | -211.2 | -1.64 | -86.36 | -169.2 | -1.10 | -96.43 | -163.58 | 0.07 | 0.0 | -30.0 | 1.30 | -85.49 | -95.43 | 40.76 | 10.16 | -0.2 | 109.26 | 17.35 | 2.83 | -9.26 | -189.51 | -48.15 | 24.79 | -1.04 | 41.09 |
| 21Q4 (9) | -0.09 | 50.0 | -128.12 | 8.00 | 99.5 | -76.23 | -8.00 | 52.24 | -142.15 | -8.77 | 41.53 | -154.34 | -8.77 | 41.53 | -154.34 | -0.88 | 47.62 | -131.32 | -0.56 | 50.0 | -128.14 | 0.07 | -12.5 | -41.67 | 8.96 | 578.79 | -66.79 | 37.00 | -7.18 | -18.21 | 93.10 | -17.08 | -20.69 | 10.34 | 184.24 | 159.48 | 25.05 | 11.68 | 2.62 |
| 21Q3 (8) | -0.18 | -460.0 | -220.0 | 4.01 | -81.1 | -86.9 | -16.75 | -354.56 | -218.88 | -15.00 | -585.44 | -242.99 | -15.00 | -585.44 | -242.99 | -1.68 | -457.45 | -215.86 | -1.12 | -373.17 | -209.8 | 0.08 | -27.27 | -11.11 | 1.32 | -92.05 | -94.81 | 39.86 | 0.45 | -17.98 | 112.28 | -47.16 | -15.79 | -12.28 | 89.08 | 63.16 | 22.43 | 17.56 | 0.49 |
| 21Q2 (7) | 0.05 | -81.48 | -37.5 | 21.22 | -30.61 | -21.32 | 6.58 | -60.93 | -23.84 | 3.09 | -80.46 | -45.98 | 3.09 | -80.46 | -45.98 | 0.47 | -80.17 | -45.35 | 0.41 | -76.3 | -34.92 | 0.11 | 10.0 | 22.22 | 16.60 | -41.67 | -19.61 | 39.68 | -2.84 | -38.5 | 212.50 | 100.0 | 39.64 | -112.50 | -1700.0 | -115.62 | 19.08 | 8.59 | -24.5 |
| 21Q1 (6) | 0.27 | -15.62 | -20.59 | 30.58 | -9.12 | 2.51 | 16.84 | -11.28 | 160.68 | 15.81 | -2.04 | -25.81 | 15.81 | -2.04 | -25.81 | 2.37 | -15.66 | -41.34 | 1.73 | -13.07 | -25.75 | 0.10 | -16.67 | 0.0 | 28.46 | 5.49 | -19.15 | 40.84 | -9.73 | -51.93 | 106.25 | -9.49 | 245.31 | -6.25 | 64.06 | -108.89 | 17.57 | -28.02 | -25.71 |
| 20Q4 (5) | 0.32 | 113.33 | 100.0 | 33.65 | 9.93 | -6.76 | 18.98 | 34.71 | 8.89 | 16.14 | 53.86 | 46.46 | 16.14 | 53.86 | 46.46 | 2.81 | 93.79 | 48.68 | 1.99 | 95.1 | 70.09 | 0.12 | 33.33 | 33.33 | 26.98 | 6.18 | -0.55 | 45.24 | -6.91 | -44.96 | 117.39 | -11.96 | -25.95 | -17.39 | 47.83 | 70.29 | 24.41 | 9.36 | -5.53 |
| 20Q3 (4) | 0.15 | 87.5 | 0.0 | 30.61 | 13.5 | 0.0 | 14.09 | 63.08 | 0.0 | 10.49 | 83.39 | 0.0 | 10.49 | 83.39 | 0.0 | 1.45 | 68.6 | 0.0 | 1.02 | 61.9 | 0.0 | 0.09 | 0.0 | 0.0 | 25.41 | 23.05 | 0.0 | 48.60 | -24.67 | 0.0 | 133.33 | -12.38 | 0.0 | -33.33 | 36.11 | 0.0 | 22.32 | -11.67 | 0.0 |
| 20Q2 (3) | 0.08 | -76.47 | 0.0 | 26.97 | -9.59 | 0.0 | 8.64 | 33.75 | 0.0 | 5.72 | -73.16 | 0.0 | 5.72 | -73.16 | 0.0 | 0.86 | -78.71 | 0.0 | 0.63 | -72.96 | 0.0 | 0.09 | -10.0 | 0.0 | 20.65 | -41.34 | 0.0 | 64.52 | -24.06 | 0.0 | 152.17 | 394.57 | 0.0 | -52.17 | -174.18 | 0.0 | 25.27 | 6.85 | 0.0 |
| 20Q1 (2) | 0.34 | 112.5 | 0.0 | 29.83 | -17.35 | 0.0 | 6.46 | -62.94 | 0.0 | 21.31 | 93.38 | 0.0 | 21.31 | 93.38 | 0.0 | 4.04 | 113.76 | 0.0 | 2.33 | 99.15 | 0.0 | 0.10 | 11.11 | 0.0 | 35.20 | 29.75 | 0.0 | 84.96 | 3.37 | 0.0 | 30.77 | -80.59 | 0.0 | 70.33 | 220.15 | 0.0 | 23.65 | -8.48 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 36.09 | 0.0 | 0.0 | 17.43 | 0.0 | 0.0 | 11.02 | 0.0 | 0.0 | 11.02 | 0.0 | 0.0 | 1.89 | 0.0 | 0.0 | 1.17 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 27.13 | 0.0 | 0.0 | 82.19 | 0.0 | 0.0 | 158.54 | 0.0 | 0.0 | -58.54 | 0.0 | 0.0 | 25.84 | 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) | 0.09 | -18.18 | 21.04 | 103.29 | -0.23 | 0 | 17.05 | 5.28 | 2.62 | -8.71 | 2.62 | -8.71 | 0.82 | -24.77 | 0.86 | -21.1 | 0.26 | -7.14 | 20.95 | 1.6 | 13.61 | -56.01 | -7.14 | 0 | 107.14 | -70.56 | 0.08 | -42.34 | 28.54 | 29.08 |
| 2022 (9) | 0.11 | 266.67 | 10.35 | -41.39 | -7.45 | 0 | 16.19 | 20.17 | 2.87 | 403.51 | 2.87 | 403.51 | 1.09 | 263.33 | 1.09 | 109.62 | 0.28 | -24.32 | 20.62 | 35.21 | 30.94 | -16.38 | -261.11 | 0 | 363.89 | 0 | 0.14 | -22.79 | 22.11 | 7.75 |
| 2021 (8) | 0.03 | -96.59 | 17.66 | -42.23 | 1.68 | -86.69 | 13.47 | 12.41 | 0.57 | -95.85 | 0.57 | -95.85 | 0.30 | -96.69 | 0.52 | -91.48 | 0.37 | -9.76 | 15.25 | -43.93 | 37.00 | -18.21 | 290.00 | 215.11 | -190.00 | 0 | 0.18 | 21.79 | 20.52 | -14.25 |
| 2020 (7) | 0.88 | 0 | 30.57 | 14.84 | 12.62 | 200.48 | 11.99 | -25.42 | 13.73 | 0 | 13.73 | 0 | 9.05 | 0 | 6.10 | 1009.09 | 0.41 | 17.14 | 27.20 | 49.45 | 45.24 | -44.96 | 92.03 | 0 | 7.97 | -99.34 | 0.14 | 191.82 | 23.93 | -14.87 |
| 2019 (6) | -0.02 | 0 | 26.62 | 0 | 4.20 | 0 | 16.07 | -13.36 | -0.37 | 0 | -0.37 | 0 | -0.24 | 0 | 0.55 | 0 | 0.35 | 16.67 | 18.20 | 0 | 82.19 | -8.87 | -1100.00 | 0 | 1200.00 | 43100.0 | 0.05 | -12.5 | 28.11 | -21.35 |
| 2018 (5) | -1.46 | 0 | -6.38 | 0 | -31.64 | 0 | 18.55 | 48.6 | -32.55 | 0 | -32.55 | 0 | -17.89 | 0 | -9.24 | 0 | 0.30 | -31.82 | -12.22 | 0 | 90.19 | 9.32 | 97.22 | -79.82 | 2.78 | 0 | 0.06 | 0 | 35.74 | 53.92 |
| 2017 (4) | 0.09 | 0 | 27.21 | 123.03 | 6.55 | 0 | 12.48 | -7.15 | 1.38 | 0 | 1.38 | 0 | 1.04 | 0 | 1.21 | 0 | 0.44 | -4.35 | 15.57 | 562.55 | 82.50 | 32.72 | 481.82 | 447.64 | -381.82 | 0 | 0.00 | 0 | 23.22 | 1.0 |
| 2016 (3) | -0.89 | 0 | 12.20 | 0 | -11.95 | 0 | 13.45 | -25.38 | -13.56 | 0 | -13.56 | 0 | -11.19 | 0 | -5.32 | 0 | 0.46 | 31.43 | 2.35 | 0 | 62.16 | -40.15 | 87.98 | -6.13 | 12.02 | 97.92 | 0.00 | 0 | 22.99 | -23.01 |
| 2015 (2) | -2.62 | 0 | -7.35 | 0 | -41.35 | 0 | 18.02 | 12.65 | -44.06 | 0 | -44.06 | 0 | -34.23 | 0 | -14.71 | 0 | 0.35 | 2.94 | -23.19 | 0 | 103.86 | -26.96 | 93.72 | 0.2 | 6.07 | -6.0 | 0.00 | 0 | 29.86 | -6.6 |
| 2014 (1) | -2.12 | 0 | 1.82 | 0 | -32.66 | 0 | 16.00 | 30.18 | -34.92 | 0 | -34.92 | 0 | -26.48 | 0 | -11.44 | 0 | 0.34 | -10.53 | -16.88 | 0 | 142.19 | 38.94 | 93.54 | -3.94 | 6.46 | 146.58 | 0.00 | 0 | 31.97 | 4.89 |
