- 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) | 0.26 | -63.89 | -61.76 | 23.28 | 3.19 | -8.2 | 8.75 | 26.26 | -23.78 | 8.73 | -54.53 | -43.5 | 5.90 | -63.87 | -51.52 | 1.47 | -65.97 | -62.21 | 0.85 | -57.5 | -52.51 | 0.11 | 0.0 | -15.38 | 14.87 | -40.76 | -26.96 | 130.48 | -9.55 | -10.15 | 102.50 | 185.76 | 38.15 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.72 | 7100.0 | 148.28 | 22.56 | 52.43 | 1.67 | 6.93 | 455.38 | -3.88 | 19.20 | 7900.0 | 135.87 | 16.33 | 10786.67 | 184.0 | 4.32 | 14300.0 | 161.82 | 2.00 | 769.57 | 122.22 | 0.11 | 37.5 | 0.0 | 25.10 | 223.04 | 80.06 | 144.25 | 1.46 | -5.81 | 35.87 | 105.12 | -59.53 | 64.13 | -91.98 | 464.35 | 13.31 | -17.89 | 2.15 |
| 24Q1 (18) | 0.01 | -83.33 | 116.67 | 14.80 | -35.34 | -18.1 | -1.95 | -131.15 | -6400.0 | 0.24 | -88.52 | 116.0 | 0.15 | -88.0 | 110.79 | 0.03 | -90.91 | 110.34 | 0.23 | -37.84 | 109.09 | 0.08 | -27.27 | 0.0 | 7.77 | -4.19 | 23.33 | 142.18 | 1.95 | -7.46 | -700.00 | -325.81 | 0 | 800.00 | 480.95 | 700.0 | 16.21 | 20.34 | -9.84 |
| 23Q4 (17) | 0.06 | -91.18 | 175.0 | 22.89 | -9.74 | 27.31 | 6.26 | -45.47 | 672.84 | 2.09 | -86.47 | 202.96 | 1.25 | -89.73 | 157.34 | 0.33 | -91.52 | 162.26 | 0.37 | -79.33 | 0 | 0.11 | -15.38 | 10.0 | 8.11 | -60.17 | 89.93 | 139.46 | -3.97 | -10.22 | 310.00 | 317.83 | 797.5 | -210.00 | -913.75 | -245.38 | 13.47 | 10.23 | -11.61 |
| 23Q3 (16) | 0.68 | 134.48 | 119.35 | 25.36 | 14.29 | 13.77 | 11.48 | 59.22 | 198.18 | 15.45 | 89.8 | 89.57 | 12.17 | 111.65 | 109.11 | 3.89 | 135.76 | 119.77 | 1.79 | 98.89 | 110.59 | 0.13 | 18.18 | 18.18 | 20.36 | 46.05 | 56.5 | 145.22 | -5.17 | -1.59 | 74.19 | -16.29 | 55.13 | 25.81 | 127.1 | -50.54 | 12.22 | -6.22 | -2.55 |
| 23Q2 (15) | 0.29 | 583.33 | 163.64 | 22.19 | 22.8 | 6.43 | 7.21 | 24133.33 | 60.94 | 8.14 | 642.67 | 118.82 | 5.75 | 513.67 | 142.62 | 1.65 | 668.97 | 161.9 | 0.90 | 718.18 | 119.51 | 0.11 | 37.5 | 10.0 | 13.94 | 121.27 | 47.83 | 153.14 | -0.33 | -16.82 | 88.64 | 0 | -27.48 | 11.36 | -88.64 | 151.14 | 13.03 | -27.53 | -9.26 |
| 23Q1 (14) | -0.06 | 25.0 | -150.0 | 18.07 | 0.5 | -3.01 | -0.03 | -103.7 | -103.09 | -1.50 | 26.11 | -149.5 | -1.39 | 36.24 | -160.43 | -0.29 | 45.28 | -146.03 | 0.11 | 0 | -71.79 | 0.08 | -20.0 | -20.0 | 6.30 | 47.54 | -21.05 | 153.64 | -1.09 | -7.82 | -0.00 | 100.0 | -100.0 | 100.00 | -30.77 | 45.45 | 17.98 | 17.98 | 28.7 |
| 22Q4 (13) | -0.08 | -125.81 | -33.33 | 17.98 | -19.34 | 26.53 | 0.81 | -78.96 | -28.32 | -2.03 | -124.91 | -341.67 | -2.18 | -137.46 | -67.69 | -0.53 | -129.94 | -55.88 | 0.00 | -100.0 | -100.0 | 0.10 | -9.09 | 0.0 | 4.27 | -67.18 | -27.87 | 155.34 | 5.27 | -6.34 | -44.44 | -192.93 | -129.63 | 144.44 | 176.85 | 677.78 | 15.24 | 21.53 | 16.25 |
| 22Q3 (12) | 0.31 | 181.82 | 40.91 | 22.29 | 6.91 | 30.73 | 3.85 | -14.06 | 46.95 | 8.15 | 119.09 | 59.49 | 5.82 | 145.57 | 32.88 | 1.77 | 180.95 | 41.6 | 0.85 | 107.32 | 37.1 | 0.11 | 10.0 | 0.0 | 13.01 | 37.96 | 39.0 | 147.56 | -19.85 | -8.54 | 47.83 | -60.87 | -7.54 | 52.17 | 334.78 | 8.07 | 12.54 | -12.67 | -2.49 |
| 22Q2 (11) | 0.11 | -8.33 | 173.33 | 20.85 | 11.92 | 25.6 | 4.48 | 361.86 | 872.41 | 3.72 | 22.77 | 208.14 | 2.37 | 3.04 | 186.18 | 0.63 | 0.0 | 181.82 | 0.41 | 5.13 | 295.24 | 0.10 | 0.0 | -16.67 | 9.43 | 18.17 | 1713.46 | 184.10 | 10.45 | 20.66 | 122.22 | 291.11 | 714.81 | -22.22 | -132.32 | -126.14 | 14.36 | 2.79 | 29.14 |
| 22Q1 (10) | 0.12 | 300.0 | 134.29 | 18.63 | 31.1 | 104.5 | 0.97 | -14.16 | 107.91 | 3.03 | 260.71 | 119.26 | 2.30 | 276.92 | 118.7 | 0.63 | 285.29 | 135.2 | 0.39 | 1850.0 | 154.17 | 0.10 | 0.0 | 42.86 | 7.98 | 34.8 | 196.73 | 166.68 | 0.5 | 45.98 | 31.25 | -79.17 | -59.46 | 68.75 | 375.0 | 200.0 | 13.97 | 6.56 | -41.96 |
| 21Q4 (9) | -0.06 | -127.27 | 64.71 | 14.21 | -16.66 | -0.98 | 1.13 | -56.87 | 113.97 | 0.84 | -83.56 | 113.95 | -1.30 | -129.68 | 71.05 | -0.34 | -127.2 | 60.47 | 0.02 | -96.77 | 107.14 | 0.10 | -9.09 | 11.11 | 5.92 | -36.75 | 0 | 165.85 | 2.8 | 54.58 | 150.00 | 190.0 | 11.29 | -25.00 | -151.79 | 28.12 | 13.11 | 1.94 | -18.72 |
| 21Q3 (8) | 0.22 | 246.67 | -8.33 | 17.05 | 2.71 | 11.73 | 2.62 | 551.72 | 5340.0 | 5.11 | 248.55 | -24.07 | 4.38 | 259.27 | -33.13 | 1.25 | 262.34 | -3.85 | 0.62 | 395.24 | -18.42 | 0.11 | -8.33 | 10.0 | 9.36 | 1700.0 | -24.76 | 161.34 | 5.74 | 46.45 | 51.72 | 244.83 | 0 | 48.28 | -43.2 | -51.72 | 12.86 | 15.65 | -12.75 |
| 21Q2 (7) | -0.15 | 57.14 | -350.0 | 16.60 | 82.22 | 8.57 | -0.58 | 95.27 | -137.91 | -3.44 | 78.13 | -308.48 | -2.75 | 77.64 | -305.22 | -0.77 | 56.98 | -340.62 | -0.21 | 70.83 | -172.41 | 0.12 | 71.43 | 9.09 | 0.52 | 106.3 | -92.13 | 152.58 | 33.63 | 43.38 | 15.00 | -80.54 | -82.86 | 85.00 | 270.91 | 580.0 | 11.12 | -53.8 | 0 |
| 21Q1 (6) | -0.35 | -105.88 | -40.0 | 9.11 | -36.52 | -11.72 | -12.26 | -51.55 | -55.98 | -15.73 | -161.3 | -66.1 | -12.30 | -173.94 | -60.16 | -1.79 | -108.14 | -31.62 | -0.72 | -157.14 | -46.94 | 0.07 | -22.22 | -12.5 | -8.25 | 0 | -219.77 | 114.18 | 6.42 | -4.36 | 77.08 | -42.81 | -5.79 | 22.92 | 165.89 | 26.04 | 24.07 | 49.23 | 0 |
| 20Q4 (5) | -0.17 | -170.83 | 41.38 | 14.35 | -5.96 | 4.59 | -8.09 | -16080.0 | -19.67 | -6.02 | -189.45 | 31.51 | -4.49 | -168.55 | 43.09 | -0.86 | -166.15 | 42.28 | -0.28 | -136.84 | 50.0 | 0.09 | -10.0 | 0.0 | 0.00 | -100.0 | 100.0 | 107.29 | -2.61 | -1.13 | 134.78 | 0 | 74.72 | -34.78 | -134.78 | -252.17 | 16.13 | 9.43 | -4.95 |
| 20Q3 (4) | 0.24 | 300.0 | 0.0 | 15.26 | -0.2 | 0.0 | -0.05 | -103.27 | 0.0 | 6.73 | 307.88 | 0.0 | 6.55 | 388.81 | 0.0 | 1.30 | 306.25 | 0.0 | 0.76 | 162.07 | 0.0 | 0.10 | -9.09 | 0.0 | 12.44 | 88.2 | 0.0 | 110.17 | 3.52 | 0.0 | 0.00 | -100.0 | 0.0 | 100.00 | 700.0 | 0.0 | 14.74 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | 124.0 | 0.0 | 15.29 | 48.16 | 0.0 | 1.53 | 119.47 | 0.0 | 1.65 | 117.42 | 0.0 | 1.34 | 117.45 | 0.0 | 0.32 | 123.53 | 0.0 | 0.29 | 159.18 | 0.0 | 0.11 | 37.5 | 0.0 | 6.61 | 356.2 | 0.0 | 106.42 | -10.86 | 0.0 | 87.50 | 6.94 | 0.0 | 12.50 | -31.25 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.25 | 13.79 | 0.0 | 10.32 | -24.78 | 0.0 | -7.86 | -16.27 | 0.0 | -9.47 | -7.74 | 0.0 | -7.68 | 2.66 | 0.0 | -1.36 | 8.72 | 0.0 | -0.49 | 12.5 | 0.0 | 0.08 | -11.11 | 0.0 | -2.58 | 26.07 | 0.0 | 119.39 | 10.02 | 0.0 | 81.82 | 6.06 | 0.0 | 18.18 | -20.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 13.72 | 0.0 | 0.0 | -6.76 | 0.0 | 0.0 | -8.79 | 0.0 | 0.0 | -7.89 | 0.0 | 0.0 | -1.49 | 0.0 | 0.0 | -0.56 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -3.49 | 0.0 | 0.0 | 108.52 | 0.0 | 0.0 | 77.14 | 0.0 | 0.0 | 22.86 | 0.0 | 0.0 | 16.97 | 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) | 0.97 | 110.87 | 22.53 | 12.54 | 6.88 | 167.7 | 3.12 | 1.69 | 7.03 | 103.18 | 5.22 | 129.96 | 5.69 | 130.36 | 3.26 | 94.05 | 0.44 | 4.76 | 13.05 | 46.96 | 139.46 | -10.22 | 97.89 | 31.13 | 2.11 | -91.67 | 0.11 | -34.25 | 13.83 | -0.93 |
| 2022 (9) | 0.46 | 0 | 20.02 | 33.91 | 2.57 | 0 | 3.07 | -4.49 | 3.46 | 0 | 2.27 | 0 | 2.47 | 0 | 1.68 | 0 | 0.42 | 0.0 | 8.88 | 180.13 | 155.34 | -6.34 | 74.65 | 30.63 | 25.35 | -40.85 | 0.17 | 46.33 | 13.96 | -1.27 |
| 2021 (8) | -0.33 | 0 | 14.95 | 6.94 | -1.02 | 0 | 3.22 | -17.82 | -1.76 | 0 | -1.79 | 0 | -1.75 | 0 | -0.19 | 0 | 0.42 | 13.51 | 3.17 | -28.12 | 165.85 | 54.58 | 57.14 | -75.82 | 42.86 | 0 | 0.12 | 0 | 14.14 | -1.53 |
| 2020 (7) | -0.11 | 0 | 13.98 | -9.69 | -3.23 | 0 | 3.92 | 15.2 | -1.35 | 0 | -0.73 | 0 | -0.56 | 0 | 0.27 | 2600.0 | 0.37 | -9.76 | 4.41 | 20.49 | 107.29 | -1.13 | 236.36 | 129.2 | -136.36 | 0 | 0.00 | 0 | 14.36 | 4.97 |
| 2019 (6) | -0.26 | 0 | 15.48 | -5.67 | -1.73 | 0 | 3.40 | 78.5 | -1.70 | 0 | -1.49 | 0 | -1.29 | 0 | 0.01 | -99.66 | 0.41 | -25.45 | 3.66 | -53.08 | 108.52 | -6.15 | 103.12 | 260.94 | -3.12 | 0 | 0.02 | -44.43 | 13.68 | 27.02 |
| 2018 (5) | 1.11 | 81.97 | 16.41 | -6.71 | 1.32 | -57.14 | 1.90 | -1.83 | 4.63 | 69.6 | 4.41 | 84.52 | 5.28 | 77.78 | 2.93 | 55.85 | 0.55 | -5.17 | 7.80 | 35.65 | 115.63 | -5.38 | 28.57 | -74.75 | 71.43 | 0 | 0.04 | 0 | 10.77 | 7.92 |
| 2017 (4) | 0.61 | -11.59 | 17.59 | -16.83 | 3.08 | -18.95 | 1.94 | -15.36 | 2.73 | -28.53 | 2.39 | -26.91 | 2.97 | -12.9 | 1.88 | -15.32 | 0.58 | 9.43 | 5.75 | -21.45 | 122.21 | 18.72 | 113.16 | 14.47 | -13.16 | 0 | 0.00 | 0 | 9.98 | -3.95 |
| 2016 (3) | 0.69 | -38.39 | 21.15 | -8.68 | 3.80 | -37.5 | 2.29 | 13.58 | 3.82 | -47.31 | 3.27 | -45.13 | 3.41 | -43.54 | 2.22 | -39.01 | 0.53 | 1.92 | 7.32 | -30.48 | 102.94 | 12.06 | 98.85 | 17.19 | 0.00 | 0 | 0.00 | 0 | 10.39 | -10.35 |
| 2015 (2) | 1.12 | -36.36 | 23.16 | -2.2 | 6.08 | -32.37 | 2.02 | 24.39 | 7.25 | -26.84 | 5.96 | -26.33 | 6.04 | -42.26 | 3.64 | -38.41 | 0.52 | -22.39 | 10.53 | -15.42 | 91.86 | -3.21 | 84.35 | -6.67 | 16.33 | 78.73 | 0.00 | 0 | 11.59 | 9.13 |
| 2014 (1) | 1.76 | 17.33 | 23.68 | 0 | 8.99 | 0 | 1.62 | -0.71 | 9.91 | 0 | 8.09 | 0 | 10.46 | 0 | 5.91 | 0 | 0.67 | -21.18 | 12.45 | 20.29 | 94.91 | 6.52 | 90.38 | -7.89 | 9.13 | 265.38 | 0.00 | 0 | 10.62 | 9.37 |
