- 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) | 0.19 | 375.0 | 137.5 | 36.97 | 12.89 | -7.62 | 7.62 | 35.83 | 4.1 | 7.22 | 106.29 | 84.65 | 4.54 | 453.66 | 105.43 | 0.94 | 394.74 | 123.81 | 0.64 | 156.0 | 56.1 | 0.11 | -8.33 | 22.22 | 18.60 | 34.49 | 13.76 | 91.19 | -0.99 | -8.6 | 108.33 | -31.06 | -45.83 | -8.33 | 85.42 | 90.0 | 28.66 | 15.42 | -0.93 |
| 24Q2 (19) | 0.04 | 200.0 | -80.0 | 32.75 | 6.64 | -13.57 | 5.61 | 250.62 | -25.79 | 3.50 | 872.22 | -55.07 | 0.82 | 179.61 | -85.04 | 0.19 | 195.0 | -81.55 | 0.25 | 212.5 | -64.29 | 0.12 | 20.0 | 33.33 | 13.83 | 12.71 | -29.97 | 92.10 | 0.22 | -13.37 | 157.14 | -47.62 | 57.14 | -57.14 | 71.43 | 0 | 24.83 | -13.0 | -13.9 |
| 24Q1 (18) | -0.04 | 63.64 | 50.0 | 30.71 | -24.62 | -13.49 | 1.60 | -79.67 | -19.19 | 0.36 | -26.53 | 117.22 | -1.03 | 66.88 | 58.3 | -0.20 | 64.91 | 50.0 | 0.08 | 188.89 | 0.0 | 0.10 | 11.11 | 25.0 | 12.27 | -10.63 | -7.95 | 91.90 | -7.28 | -10.23 | 300.00 | -75.0 | 400.0 | -200.00 | 81.82 | -220.0 | 28.54 | -4.39 | -7.7 |
| 23Q4 (17) | -0.11 | -237.5 | -145.83 | 40.74 | 1.8 | 8.93 | 7.87 | 7.51 | -20.51 | 0.49 | -87.47 | -94.04 | -3.11 | -240.72 | -152.27 | -0.57 | -235.71 | -148.72 | -0.09 | -121.95 | -111.54 | 0.09 | 0.0 | 0.0 | 13.73 | -16.02 | -32.96 | 99.12 | -0.65 | -17.42 | 1200.00 | 500.0 | 950.0 | -1100.00 | -1220.0 | -5033.33 | 29.85 | 3.18 | 3.75 |
| 23Q3 (16) | 0.08 | -60.0 | -81.4 | 40.02 | 5.62 | 5.76 | 7.32 | -3.17 | -44.8 | 3.91 | -49.81 | -71.4 | 2.21 | -59.67 | -74.12 | 0.42 | -59.22 | -80.91 | 0.41 | -41.43 | -66.12 | 0.09 | 0.0 | -18.18 | 16.35 | -17.22 | -30.66 | 99.77 | -6.15 | -17.93 | 200.00 | 100.0 | 107.14 | -83.33 | 0 | -2516.67 | 28.93 | 0.31 | 48.36 |
| 23Q2 (15) | 0.20 | 350.0 | 150.0 | 37.89 | 6.73 | 11.54 | 7.56 | 281.82 | 33.81 | 7.79 | 472.73 | 185.35 | 5.48 | 321.86 | 178.17 | 1.03 | 357.5 | 145.24 | 0.70 | 775.0 | 94.44 | 0.09 | 12.5 | 0.0 | 19.75 | 48.16 | 52.63 | 106.31 | 3.85 | -21.23 | 100.00 | 200.0 | -50.0 | 0.00 | -100.0 | 100.0 | 28.84 | -6.73 | 13.32 |
| 23Q1 (14) | -0.08 | -133.33 | -366.67 | 35.50 | -5.08 | 6.29 | 1.98 | -80.0 | -36.54 | -2.09 | -125.43 | -226.67 | -2.47 | -141.51 | -368.48 | -0.40 | -134.19 | -335.29 | 0.08 | -89.74 | -69.23 | 0.08 | -11.11 | 0.0 | 13.33 | -34.91 | 0.6 | 102.37 | -14.71 | -23.82 | -100.00 | -187.5 | -140.0 | 166.67 | 877.78 | 266.67 | 30.92 | 7.47 | 11.18 |
| 22Q4 (13) | 0.24 | -44.19 | 118.18 | 37.40 | -1.16 | 3.98 | 9.90 | -25.34 | 47.54 | 8.22 | -39.87 | 81.86 | 5.95 | -30.33 | 105.88 | 1.17 | -46.82 | 91.8 | 0.78 | -35.54 | 73.33 | 0.09 | -18.18 | 0.0 | 20.48 | -13.15 | 39.99 | 120.03 | -1.27 | -7.84 | 114.29 | 18.37 | -27.27 | -21.43 | -721.43 | 62.5 | 28.77 | 47.54 | 3.34 |
| 22Q3 (12) | 0.43 | 437.5 | 168.75 | 37.84 | 11.39 | 17.44 | 13.26 | 134.69 | 114.22 | 13.67 | 400.73 | 150.83 | 8.54 | 333.5 | 104.8 | 2.20 | 423.81 | 165.06 | 1.21 | 236.11 | 124.07 | 0.11 | 22.22 | 22.22 | 23.58 | 82.23 | 47.1 | 121.57 | -9.93 | -5.96 | 96.55 | -51.72 | -22.76 | 3.45 | 103.45 | 127.59 | 19.50 | -23.38 | -35.3 |
| 22Q2 (11) | 0.08 | 166.67 | -42.86 | 33.97 | 1.71 | -10.61 | 5.65 | 81.09 | -35.06 | 2.73 | 65.45 | -43.12 | 1.97 | 114.13 | -47.33 | 0.42 | 147.06 | -44.0 | 0.36 | 38.46 | -41.94 | 0.09 | 12.5 | 0.0 | 12.94 | -2.34 | -18.72 | 134.97 | 0.44 | 14.46 | 200.00 | -20.0 | 14.29 | -100.00 | 0.0 | -33.33 | 25.45 | -8.49 | -2.6 |
| 22Q1 (10) | 0.03 | -72.73 | 127.27 | 33.40 | -7.14 | -9.97 | 3.12 | -53.5 | 224.8 | 1.65 | -63.5 | 136.59 | 0.92 | -68.17 | 122.28 | 0.17 | -72.13 | 127.87 | 0.26 | -42.22 | 285.71 | 0.08 | -11.11 | 14.29 | 13.25 | -9.43 | 115.8 | 134.38 | 3.18 | 11.04 | 250.00 | 59.09 | 316.67 | -100.00 | -75.0 | -350.0 | 27.81 | -0.11 | -23.72 |
| 21Q4 (9) | 0.11 | -31.25 | 157.89 | 35.97 | 11.64 | -9.65 | 6.71 | 8.4 | 277.98 | 4.52 | -17.06 | 159.16 | 2.89 | -30.7 | 141.94 | 0.61 | -26.51 | 159.8 | 0.45 | -16.67 | 209.76 | 0.09 | 0.0 | 28.57 | 14.63 | -8.73 | 740.8 | 130.24 | 0.74 | 15.64 | 157.14 | 25.71 | 253.57 | -57.14 | -357.14 | -228.57 | 27.84 | -7.63 | -29.47 |
| 21Q3 (8) | 0.16 | 14.29 | -44.83 | 32.22 | -15.21 | -24.56 | 6.19 | -28.85 | -42.2 | 5.45 | 13.54 | -51.77 | 4.17 | 11.5 | -52.51 | 0.83 | 10.67 | -46.79 | 0.54 | -12.9 | -41.3 | 0.09 | 0.0 | 0.0 | 16.03 | 0.69 | -12.16 | 129.28 | 9.63 | 40.66 | 125.00 | -28.57 | 25.0 | -12.50 | 83.33 | -287.5 | 30.14 | 15.35 | 4.04 |
| 21Q2 (7) | 0.14 | 227.27 | -56.25 | 38.00 | 2.43 | -7.09 | 8.70 | 448.0 | -19.82 | 4.80 | 206.43 | -55.76 | 3.74 | 190.56 | -60.47 | 0.75 | 222.95 | -56.9 | 0.62 | 542.86 | -45.13 | 0.09 | 28.57 | -18.18 | 15.92 | 159.28 | -8.92 | 117.92 | -2.56 | 37.31 | 175.00 | 191.67 | 75.0 | -75.00 | -287.5 | 0 | 26.13 | -28.33 | 0 |
| 21Q1 (6) | -0.11 | 42.11 | -237.5 | 37.10 | -6.81 | 1.31 | -2.50 | 33.69 | -198.81 | -4.51 | 40.97 | -229.6 | -4.13 | 40.06 | -248.03 | -0.61 | 40.2 | -252.5 | -0.14 | 65.85 | -138.89 | 0.07 | 0.0 | -30.0 | 6.14 | 252.87 | -49.55 | 121.02 | 7.45 | 134.4 | 60.00 | 35.0 | -20.0 | 40.00 | -10.0 | 60.0 | 36.46 | -7.63 | 0 |
| 20Q4 (5) | -0.19 | -165.52 | -139.58 | 39.81 | -6.79 | -13.51 | -3.77 | -135.2 | -122.26 | -7.64 | -167.61 | -147.1 | -6.89 | -178.47 | -151.53 | -1.02 | -165.38 | -141.63 | -0.41 | -144.57 | -123.16 | 0.07 | -22.22 | -46.15 | 1.74 | -90.47 | -92.3 | 112.63 | 22.54 | 131.13 | 44.44 | -55.56 | -57.33 | 44.44 | 566.67 | 1166.67 | 39.47 | 36.24 | 31.22 |
| 20Q3 (4) | 0.29 | -9.38 | 0.0 | 42.71 | 4.43 | 0.0 | 10.71 | -1.29 | 0.0 | 11.30 | 4.15 | 0.0 | 8.78 | -7.19 | 0.0 | 1.56 | -10.34 | 0.0 | 0.92 | -18.58 | 0.0 | 0.09 | -18.18 | 0.0 | 18.25 | 4.41 | 0.0 | 91.91 | 7.02 | 0.0 | 100.00 | 0.0 | 0.0 | 6.67 | 0 | 0.0 | 28.97 | 0 | 0.0 |
| 20Q2 (3) | 0.32 | 300.0 | 0.0 | 40.90 | 11.69 | 0.0 | 10.85 | 328.85 | 0.0 | 10.85 | 211.78 | 0.0 | 9.46 | 239.07 | 0.0 | 1.74 | 335.0 | 0.0 | 1.13 | 213.89 | 0.0 | 0.11 | 10.0 | 0.0 | 17.48 | 43.63 | 0.0 | 85.88 | 66.34 | 0.0 | 100.00 | 33.33 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.08 | -83.33 | 0.0 | 36.62 | -20.44 | 0.0 | 2.53 | -85.06 | 0.0 | 3.48 | -78.55 | 0.0 | 2.79 | -79.13 | 0.0 | 0.40 | -83.67 | 0.0 | 0.36 | -79.66 | 0.0 | 0.10 | -23.08 | 0.0 | 12.17 | -46.15 | 0.0 | 51.63 | 5.95 | 0.0 | 75.00 | -28.0 | 0.0 | 25.00 | 700.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.48 | 0.0 | 0.0 | 46.03 | 0.0 | 0.0 | 16.94 | 0.0 | 0.0 | 16.22 | 0.0 | 0.0 | 13.37 | 0.0 | 0.0 | 2.45 | 0.0 | 0.0 | 1.77 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 22.60 | 0.0 | 0.0 | 48.73 | 0.0 | 0.0 | 104.17 | 0.0 | 0.0 | -4.17 | 0.0 | 0.0 | 30.08 | 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) | 0.10 | -87.18 | 38.64 | 7.84 | 6.33 | -24.82 | 9.93 | 26.25 | 2.71 | -61.94 | 0.66 | -85.9 | 0.48 | -88.12 | 1.08 | -59.55 | 0.35 | -7.89 | 15.89 | -11.87 | 99.12 | -17.42 | 237.50 | 101.27 | -137.50 | 0 | 0.12 | 129.1 | 29.58 | 18.6 |
| 2022 (9) | 0.78 | 160.0 | 35.83 | 0.25 | 8.42 | 58.27 | 7.87 | 5.69 | 7.12 | 130.42 | 4.68 | 123.92 | 4.04 | 155.7 | 2.67 | 79.19 | 0.38 | 11.76 | 18.03 | 31.51 | 120.03 | -7.84 | 118.00 | -31.48 | -18.00 | 0 | 0.05 | -51.32 | 24.94 | -15.91 |
| 2021 (8) | 0.30 | -40.0 | 35.74 | -11.05 | 5.32 | -5.67 | 7.45 | 18.42 | 3.09 | -39.88 | 2.09 | -48.77 | 1.58 | -39.92 | 1.49 | -18.13 | 0.34 | -5.56 | 13.71 | 5.71 | 130.24 | 15.64 | 172.22 | 54.41 | -72.22 | 0 | 0.11 | -38.29 | 29.66 | -7.72 |
| 2020 (7) | 0.50 | -50.0 | 40.18 | -8.14 | 5.64 | -46.89 | 6.29 | -1.77 | 5.14 | -50.39 | 4.08 | -49.5 | 2.63 | -53.45 | 1.82 | -52.97 | 0.36 | -18.18 | 12.97 | -27.94 | 112.63 | 131.13 | 111.54 | 9.43 | -11.54 | 0 | 0.18 | -46.87 | 32.14 | -5.53 |
| 2019 (6) | 1.00 | -43.18 | 43.74 | -1.88 | 10.62 | -32.1 | 6.40 | 22.34 | 10.36 | -38.59 | 8.08 | -35.26 | 5.65 | -44.23 | 3.87 | -38.28 | 0.44 | -8.33 | 18.00 | -22.88 | 48.73 | -28.84 | 101.92 | 9.76 | -1.92 | 0 | 0.34 | -9.14 | 34.02 | 8.07 |
| 2018 (5) | 1.76 | 340.0 | 44.58 | 7.22 | 15.64 | 178.79 | 5.23 | -14.62 | 16.87 | 221.95 | 12.48 | 258.62 | 10.13 | 322.08 | 6.27 | 266.67 | 0.48 | 17.07 | 23.34 | 83.06 | 68.48 | -5.96 | 92.86 | -15.22 | 7.14 | 0 | 0.37 | 0 | 31.48 | -0.63 |
| 2017 (4) | 0.40 | 11.11 | 41.58 | -4.02 | 5.61 | 289.58 | 6.13 | 31.92 | 5.24 | 9.62 | 3.48 | 0.58 | 2.40 | 15.38 | 1.71 | 20.42 | 0.41 | 5.13 | 12.75 | 29.57 | 72.82 | 8.36 | 109.52 | 272.38 | -4.76 | 0 | 0.00 | 0 | 31.68 | -8.36 |
| 2016 (3) | 0.36 | -59.55 | 43.32 | 2.34 | 1.44 | -79.13 | 4.64 | 9.56 | 4.78 | -55.7 | 3.46 | -51.34 | 2.08 | -58.4 | 1.42 | -62.53 | 0.39 | -25.0 | 9.84 | -35.31 | 67.20 | 59.09 | 29.41 | -54.83 | 70.59 | 89.71 | 0.00 | 0 | 34.57 | 20.12 |
| 2015 (2) | 0.89 | -31.54 | 42.33 | -5.24 | 6.90 | -34.03 | 4.24 | -8.15 | 10.79 | -12.42 | 7.11 | -26.24 | 5.00 | -40.55 | 3.79 | -42.49 | 0.52 | -22.39 | 15.21 | -12.79 | 42.24 | 66.04 | 65.12 | -23.77 | 37.21 | 155.15 | 0.00 | 0 | 28.78 | 8.52 |
| 2014 (1) | 1.30 | -19.25 | 44.67 | 0 | 10.46 | 0 | 4.62 | 6.97 | 12.32 | 0 | 9.64 | 0 | 8.41 | 0 | 6.59 | 0 | 0.67 | -14.1 | 17.44 | -13.02 | 25.44 | -32.82 | 85.42 | -4.73 | 14.58 | 40.97 | 0.00 | 0 | 26.52 | 7.37 |
