- 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) | 0.01 | 105.26 | 125.0 | 24.78 | -24.84 | -12.16 | -5.98 | -14.34 | -6.41 | 0.23 | 103.76 | 103.58 | 0.16 | 102.65 | 102.34 | 0.11 | 103.64 | 102.27 | 0.19 | 118.1 | 119.59 | 0.20 | -4.76 | -4.76 | 14.20 | 215.56 | 150.0 | 225.12 | -7.44 | -8.53 | -3800.00 | -4484.62 | -4660.0 | 3900.00 | 29150.0 | 23300.0 | 27.67 | -9.46 | -27.49 |
| 24Q2 (19) | -0.19 | 0 | 5.0 | 32.97 | -22.93 | -8.85 | -5.23 | -140.7 | -305.43 | -6.12 | -152.22 | -175.68 | -6.03 | -175.66 | -99.67 | -3.02 | -372.07 | -23.77 | -1.05 | -206.06 | -452.63 | 0.21 | 90.91 | -4.55 | 4.50 | -77.01 | -53.99 | 243.21 | 712.05 | 3.12 | 86.67 | -22.96 | 73.33 | 13.33 | 206.67 | -73.33 | 30.56 | -11.37 | -17.05 |
| 24Q1 (18) | 0.00 | 100.0 | 0 | 42.78 | 8.39 | -14.13 | 12.85 | 756.67 | 1.82 | 11.72 | 1202.22 | 119.89 | 7.97 | 873.79 | 300.5 | 1.11 | 628.57 | -47.89 | 0.99 | 1000.0 | 1.02 | 0.11 | -15.38 | -56.0 | 19.57 | 81.04 | 27.24 | 29.95 | -8.27 | -90.41 | 112.50 | -43.75 | -48.08 | -12.50 | 87.5 | 90.62 | 34.48 | -9.26 | 2.89 |
| 23Q4 (17) | -0.12 | -200.0 | -300.0 | 39.47 | 39.91 | -16.82 | 1.50 | 126.69 | -37.76 | 0.90 | 114.02 | -65.38 | -1.03 | 84.92 | -249.28 | -0.21 | 95.67 | -133.33 | 0.09 | 109.28 | -86.15 | 0.13 | -38.1 | -38.1 | 10.81 | 90.32 | -29.3 | 32.65 | -86.73 | -90.89 | 200.00 | 140.0 | 100.0 | -100.00 | -700.0 | 0 | 38.00 | -0.42 | 11.01 |
| 23Q3 (16) | -0.04 | 80.0 | 63.64 | 28.21 | -22.01 | -35.19 | -5.62 | -335.66 | 42.83 | -6.42 | -189.19 | 36.69 | -6.83 | -126.16 | 29.22 | -4.85 | -98.77 | 18.07 | -0.97 | -410.53 | -11.49 | 0.21 | -4.55 | 40.0 | 5.68 | -41.92 | -34.11 | 246.12 | 4.35 | -26.68 | 83.33 | 66.67 | -16.67 | 16.67 | -66.67 | 0 | 38.16 | 3.58 | -2.08 |
| 23Q2 (15) | -0.20 | 0 | 48.72 | 36.17 | -27.4 | 103.77 | -1.29 | -110.22 | 98.99 | -2.22 | -141.65 | 98.3 | -3.02 | -251.76 | 97.24 | -2.44 | -214.55 | 88.45 | -0.19 | -119.39 | 96.22 | 0.22 | -12.0 | 340.0 | 9.78 | -36.41 | 113.69 | 235.86 | -24.5 | -23.13 | 50.00 | -76.92 | -50.0 | 50.00 | 137.5 | 1250.0 | 36.84 | 9.94 | -63.62 |
| 23Q1 (14) | 0.00 | 100.0 | -100.0 | 49.82 | 4.99 | -4.47 | 12.62 | 423.65 | 141.76 | 5.33 | 105.0 | -9.2 | 1.99 | 188.41 | -46.36 | 2.13 | 238.1 | -16.8 | 0.98 | 50.77 | -11.71 | 0.25 | 19.05 | 47.06 | 15.38 | 0.59 | -29.93 | 312.41 | -12.79 | 19.72 | 216.67 | 116.67 | 170.83 | -133.33 | 0 | -766.67 | 33.51 | -2.1 | -3.98 |
| 22Q4 (13) | -0.03 | 72.73 | 97.69 | 47.45 | 9.01 | 17.57 | 2.41 | 124.52 | 119.22 | 2.60 | 125.64 | 103.01 | 0.69 | 107.15 | 100.79 | 0.63 | 110.64 | 101.51 | 0.65 | 174.71 | 104.62 | 0.21 | 40.0 | 23.53 | 15.29 | 77.38 | 122.77 | 358.24 | 6.72 | 7.71 | 100.00 | 0.0 | 577.78 | 0.00 | 0 | -100.0 | 34.23 | -12.16 | -9.44 |
| 22Q3 (12) | -0.11 | 71.79 | 75.56 | 43.53 | 145.24 | 930.73 | -9.83 | 92.32 | 95.36 | -10.14 | 92.24 | 94.72 | -9.65 | 91.17 | 93.93 | -5.92 | 71.98 | 57.56 | -0.87 | 82.67 | 87.98 | 0.15 | 200.0 | 200.0 | 8.62 | 112.07 | 110.47 | 335.67 | 9.41 | 277.41 | 100.00 | 0.0 | -11.11 | -0.00 | -100.0 | 100.0 | 38.97 | -61.52 | -64.02 |
| 22Q2 (11) | -0.39 | -2050.0 | -131.71 | 17.75 | -65.96 | 21.24 | -127.97 | -2551.53 | 35.06 | -130.64 | -2325.55 | -133.2 | -109.26 | -3045.01 | -124.82 | -21.13 | -925.39 | -161.78 | -5.02 | -552.25 | -123.46 | 0.05 | -70.59 | 0.0 | -71.43 | -425.42 | -114.98 | 306.81 | 17.58 | 266.69 | 100.00 | 25.0 | 296.0 | 3.70 | -81.48 | -97.55 | 101.27 | 190.17 | -14.96 |
| 22Q1 (10) | 0.02 | 101.54 | 125.0 | 52.15 | 29.21 | 55.95 | 5.22 | 141.63 | 104.72 | 5.87 | 106.81 | 104.9 | 3.71 | 104.23 | 103.09 | 2.56 | 106.14 | 179.75 | 1.11 | 107.88 | 142.86 | 0.17 | 0.0 | 750.0 | 21.95 | 132.69 | 121.95 | 260.94 | -21.54 | 1033.04 | 80.00 | 442.22 | -20.0 | 20.00 | -76.54 | 0 | 34.90 | -7.67 | -52.79 |
| 21Q4 (9) | -1.30 | -188.89 | -664.71 | 40.36 | 870.23 | 112.09 | -12.54 | 94.08 | 97.84 | -86.24 | 55.08 | 88.94 | -87.72 | 44.84 | 88.75 | -41.70 | -198.92 | -503.47 | -14.08 | -94.48 | -171.81 | 0.17 | 240.0 | 1600.0 | -67.14 | 18.47 | 86.57 | 332.59 | 273.95 | 1238.39 | 14.75 | -86.89 | -82.3 | 85.25 | 1009.29 | 155.74 | 37.80 | -65.1 | -84.45 |
| 21Q3 (8) | -0.45 | -136.59 | -200.0 | -5.24 | -135.79 | 97.1 | -211.90 | -7.53 | 98.05 | -191.97 | -148.78 | 98.47 | -159.04 | -136.13 | 98.73 | -13.95 | -140.79 | -68.28 | -7.24 | -133.83 | -29.52 | 0.05 | 0.0 | 0 | -82.35 | -117.27 | 0 | 88.94 | 6.3 | 76.61 | 112.50 | 320.5 | 12.5 | -9.38 | -106.21 | -146.88 | 108.31 | -9.05 | -97.09 |
| 21Q2 (7) | 1.23 | 1637.5 | 1125.0 | 14.64 | -56.22 | 180.13 | -197.07 | -78.38 | 91.6 | 393.53 | 428.22 | 117.79 | 440.19 | 467.13 | 119.9 | 34.20 | 1165.42 | 636.05 | 21.40 | 926.25 | 588.58 | 0.05 | 150.0 | 0 | 476.92 | 576.92 | 0 | 83.67 | 263.31 | 80.13 | -51.02 | -151.02 | -140.82 | 151.02 | 0 | 0 | 119.09 | 61.08 | 0 |
| 21Q1 (6) | -0.08 | 52.94 | 91.67 | 33.44 | 75.72 | 155.27 | -110.48 | 80.94 | 88.24 | -119.90 | 84.63 | 98.17 | -119.90 | 84.63 | 98.17 | -3.21 | 53.55 | 91.75 | -2.59 | 50.0 | 92.04 | 0.02 | 100.0 | 0 | -100.00 | 80.0 | 96.97 | 23.03 | -7.32 | -48.35 | 100.00 | 20.0 | 580.0 | -0.00 | -100.0 | -100.0 | 73.93 | -69.58 | 0 |
| 20Q4 (5) | -0.17 | -13.33 | -41.67 | 19.03 | 110.52 | -1.14 | -579.60 | 94.67 | -33.59 | -779.98 | 93.78 | -92.38 | -779.98 | 93.78 | -92.38 | -6.91 | 16.65 | -67.31 | -5.18 | 7.33 | -33.16 | 0.01 | 0 | 0.0 | -500.00 | 0 | -66.67 | 24.85 | -50.66 | 820.37 | 83.33 | -16.67 | -16.67 | 33.33 | 66.67 | 0 | 243.03 | -93.48 | 60.51 |
| 20Q3 (4) | -0.15 | -25.0 | 0.0 | -180.95 | -890.42 | 0.0 | -10876.20 | -363.47 | 0.0 | -12533.30 | -466.69 | 0.0 | -12533.30 | -466.69 | 0.0 | -8.29 | -29.94 | 0.0 | -5.59 | -27.63 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 50.36 | 8.42 | 0.0 | 100.00 | -20.0 | 0.0 | 20.00 | 0 | 0.0 | 3726.19 | 0 | 0.0 |
| 20Q2 (3) | -0.12 | 87.5 | 0.0 | -18.27 | -239.47 | 0.0 | -2346.70 | -149.89 | 0.0 | -2211.68 | 66.29 | 0.0 | -2211.68 | 66.29 | 0.0 | -6.38 | 83.6 | 0.0 | -4.38 | 86.54 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 100.0 | 0.0 | 46.45 | 4.17 | 0.0 | 125.00 | 750.0 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.96 | -700.0 | 0.0 | 13.10 | -31.95 | 0.0 | -939.11 | -116.45 | 0.0 | -6561.46 | -1518.36 | 0.0 | -6561.46 | -1518.36 | 0.0 | -38.91 | -842.13 | 0.0 | -32.55 | -736.76 | 0.0 | 0.00 | -100.0 | 0.0 | -3300.00 | -1000.0 | 0.0 | 44.59 | 1551.48 | 0.0 | 14.71 | -85.29 | 0.0 | 85.29 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 19.25 | 0.0 | 0.0 | -433.87 | 0.0 | 0.0 | -405.44 | 0.0 | 0.0 | -405.44 | 0.0 | 0.0 | -4.13 | 0.0 | 0.0 | -3.89 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -300.00 | 0.0 | 0.0 | 2.70 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 151.41 | 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) | -0.31 | 0 | 38.91 | -14.58 | 2.19 | 0 | 8.08 | -46.27 | -0.29 | 0 | -1.99 | 0 | -1.47 | 0 | 0.01 | 0 | 0.46 | -13.21 | 10.35 | 15.77 | 32.65 | -90.89 | -900.00 | 0 | 1000.00 | 0 | 0.08 | -67.59 | 36.58 | -11.47 |
| 2022 (9) | -0.63 | 0 | 45.55 | 54.15 | -10.71 | 0 | 15.04 | -61.27 | -10.73 | 0 | -10.16 | 0 | -23.83 | 0 | -3.52 | 0 | 0.53 | 70.97 | 8.94 | 0 | 358.24 | 7.71 | 100.00 | -34.25 | -0.00 | 0 | 0.24 | 0 | 41.32 | -31.54 |
| 2021 (8) | -0.60 | 0 | 29.55 | 323.35 | -70.70 | 0 | 38.83 | -74.11 | -46.22 | 0 | -36.16 | 0 | -31.31 | 0 | -10.16 | 0 | 0.31 | 3000.0 | -2.91 | 0 | 332.59 | 1238.39 | 152.08 | 300.22 | -52.08 | 0 | 0.00 | 0 | 60.36 | -86.43 |
| 2020 (7) | -1.33 | 0 | 6.98 | -35.01 | -1198.78 | 0 | 150.00 | 50.0 | -3197.57 | 0 | -3197.57 | 0 | -44.37 | 0 | -38.73 | 0 | 0.01 | -66.67 | -2350.00 | 0 | 24.85 | 820.37 | 38.00 | -63.9 | 62.00 | 0 | 0.00 | 0 | 444.88 | 112.99 |
| 2019 (6) | -0.59 | 0 | 10.74 | -55.8 | -601.27 | 0 | 100.00 | 166.67 | -585.19 | 0 | -585.19 | 0 | -18.45 | 0 | -17.98 | 0 | 0.03 | -50.0 | -533.33 | 0 | 2.70 | 20.54 | 105.26 | 1.63 | -5.26 | 0 | 0.00 | 0 | 208.87 | 53.9 |
| 2018 (5) | -0.87 | 0 | 24.30 | 0 | -365.36 | 0 | 37.50 | 312.5 | -353.33 | 0 | -353.33 | 0 | -23.64 | 0 | -22.83 | 0 | 0.06 | -14.29 | -325.00 | 0 | 2.24 | -51.3 | 103.57 | 0 | -3.57 | 0 | 0.00 | 0 | 135.72 | 15.54 |
| 2017 (4) | 1.59 | 0 | -115.84 | 0 | -308.84 | 0 | 9.09 | -21.21 | 472.16 | 0 | 451.23 | 0 | 49.87 | 0 | 30.76 | 0 | 0.07 | -53.33 | 490.91 | 0 | 4.60 | -97.93 | -66.00 | 0 | 164.00 | 0 | 0.00 | 0 | 117.47 | 145.5 |
| 2016 (3) | -1.33 | 0 | -49.21 | 0 | -116.49 | 0 | 11.54 | -34.62 | -116.59 | 0 | -135.96 | 0 | -57.70 | 0 | -18.21 | 0 | 0.15 | -51.61 | -92.31 | 0 | 221.97 | 35.0 | 100.00 | 88.1 | -0.00 | 0 | 0.00 | 0 | 47.85 | 109.04 |
| 2015 (2) | -3.37 | 0 | -28.30 | 0 | -61.96 | 0 | 17.65 | 67.65 | -116.25 | 0 | -117.45 | 0 | -74.98 | 0 | -34.85 | 0 | 0.31 | -31.11 | -94.12 | 0 | 164.42 | 101.77 | 53.16 | -28.29 | 46.84 | 81.1 | 0.00 | 0 | 22.89 | 17.63 |
| 2014 (1) | -1.47 | 0 | -5.96 | 0 | -32.36 | 0 | 10.53 | 47.37 | -43.42 | 0 | -43.46 | 0 | -33.26 | 0 | -18.77 | 0 | 0.45 | -25.0 | -30.83 | 0 | 81.49 | 26.11 | 74.14 | 60.93 | 25.86 | -53.03 | 0.00 | 0 | 19.46 | 64.5 |
