- 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) | 0.12 | -52.0 | -29.41 | 16.90 | -5.95 | 10.6 | 4.08 | -27.92 | 91.55 | 3.31 | -59.09 | -35.1 | 2.96 | -53.89 | -36.89 | 0.61 | -54.14 | -35.11 | 0.55 | -54.55 | -34.52 | 0.18 | -5.26 | 0.0 | 6.84 | -39.79 | -24.5 | 10.34 | -8.01 | -4.44 | 130.00 | 91.18 | 225.0 | -20.00 | -162.5 | -133.33 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.25 | -34.21 | 2600.0 | 17.97 | -7.37 | 54.51 | 5.66 | -20.84 | 276.32 | 8.09 | -31.73 | 7454.55 | 6.42 | -34.62 | 2569.23 | 1.33 | -34.8 | 2760.0 | 1.21 | -35.29 | 3125.0 | 0.19 | 0.0 | 18.75 | 11.36 | -26.28 | 198.95 | 11.24 | 21.12 | -10.22 | 68.00 | 11.27 | 0 | 32.00 | -17.71 | 0 | 17.80 | 2.95 | -10.46 |
| 24Q1 (18) | 0.38 | 442.86 | 337.5 | 19.40 | 20.42 | 131.78 | 7.15 | 103.12 | 206.72 | 11.85 | 436.2 | 320.26 | 9.82 | 401.02 | 287.05 | 2.04 | 423.08 | 337.21 | 1.87 | 434.29 | 339.74 | 0.19 | 5.56 | 26.67 | 15.41 | 158.56 | 1956.63 | 9.28 | -3.03 | -2.83 | 61.11 | -63.33 | -50.35 | 38.89 | 158.33 | 268.52 | 17.29 | 5.49 | -19.36 |
| 23Q4 (17) | 0.07 | -58.82 | 143.75 | 16.11 | 5.43 | 44.48 | 3.52 | 65.26 | 228.0 | 2.21 | -56.67 | 135.82 | 1.96 | -58.21 | 136.77 | 0.39 | -58.51 | 145.88 | 0.35 | -58.33 | 146.05 | 0.18 | 0.0 | 28.57 | 5.96 | -34.22 | 454.76 | 9.57 | -11.55 | -9.03 | 166.67 | 316.67 | 257.14 | -66.67 | -211.11 | -225.0 | 16.39 | 0.31 | -17.56 |
| 23Q3 (16) | 0.17 | 1800.0 | -43.33 | 15.28 | 31.38 | -1.74 | 2.13 | 166.36 | -16.8 | 5.10 | 4736.36 | -44.32 | 4.69 | 1903.85 | -39.33 | 0.94 | 1980.0 | -41.61 | 0.84 | 2200.0 | -39.57 | 0.18 | 12.5 | 0.0 | 9.06 | 138.42 | -28.21 | 10.82 | -13.58 | -8.61 | 40.00 | 0 | 40.0 | 60.00 | 0 | -16.0 | 16.34 | -17.81 | -16.97 |
| 23Q2 (15) | -0.01 | 93.75 | -104.76 | 11.63 | 38.95 | -32.38 | -3.21 | 52.09 | -183.81 | -0.11 | 97.96 | -101.77 | -0.26 | 95.05 | -105.2 | -0.05 | 94.19 | -104.59 | -0.04 | 94.87 | -104.26 | 0.16 | 6.67 | -15.79 | 3.80 | 557.83 | -59.92 | 12.52 | 31.1 | -32.03 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 19.88 | -7.28 | 2.74 |
| 23Q1 (14) | -0.16 | 0.0 | -153.33 | 8.37 | -24.93 | -56.13 | -6.70 | -143.64 | -210.74 | -5.38 | 12.8 | -164.98 | -5.25 | 1.5 | -178.01 | -0.86 | -1.18 | -155.84 | -0.78 | -2.63 | -157.78 | 0.15 | 7.14 | -25.0 | -0.83 | 50.6 | -107.36 | 9.55 | -9.22 | -29.0 | 123.08 | 163.74 | 69.96 | -23.08 | -143.27 | -183.65 | 21.44 | 7.85 | 15.64 |
| 22Q4 (13) | -0.16 | -153.33 | -223.08 | 11.15 | -28.3 | -33.07 | -2.75 | -207.42 | -181.12 | -6.17 | -167.36 | -269.51 | -5.33 | -168.95 | -282.53 | -0.85 | -152.8 | -223.19 | -0.76 | -154.68 | -226.67 | 0.14 | -22.22 | -33.33 | -1.68 | -113.31 | -124.56 | 10.52 | -11.15 | -31.11 | 46.67 | 63.33 | -49.44 | 53.33 | -25.33 | 593.33 | 19.88 | 1.02 | 5.02 |
| 22Q3 (12) | 0.30 | 42.86 | 15.38 | 15.55 | -9.59 | -18.2 | 2.56 | -33.16 | -64.98 | 9.16 | 47.74 | 26.87 | 7.73 | 54.6 | 27.98 | 1.61 | 47.71 | 17.52 | 1.39 | 47.87 | 14.88 | 0.18 | -5.26 | -10.0 | 12.62 | 33.12 | 20.53 | 11.84 | -35.72 | -9.13 | 28.57 | -56.04 | -71.43 | 71.43 | 78.57 | 0 | 19.68 | 1.71 | 3.58 |
| 22Q2 (11) | 0.21 | -30.0 | -22.22 | 17.20 | -9.85 | -17.27 | 3.83 | -36.69 | -54.3 | 6.20 | -25.12 | -23.27 | 5.00 | -25.71 | -16.11 | 1.09 | -29.22 | -22.7 | 0.94 | -30.37 | -24.8 | 0.19 | -5.0 | -9.52 | 9.48 | -15.88 | -14.21 | 18.42 | 36.95 | 43.01 | 65.00 | -10.24 | -37.17 | 40.00 | 45.0 | 1260.0 | 19.35 | 4.37 | 5.85 |
| 22Q1 (10) | 0.30 | 130.77 | -34.78 | 19.08 | 14.53 | -16.43 | 6.05 | 78.47 | -46.51 | 8.28 | 127.47 | -30.94 | 6.73 | 130.48 | -28.48 | 1.54 | 123.19 | -36.89 | 1.35 | 125.0 | -36.02 | 0.20 | -4.76 | -9.09 | 11.27 | 64.77 | -24.41 | 13.45 | -11.92 | -0.81 | 72.41 | -21.55 | -22.65 | 27.59 | 258.62 | 332.18 | 18.54 | -2.06 | 9.83 |
| 21Q4 (9) | 0.13 | -50.0 | -64.86 | 16.66 | -12.36 | -18.13 | 3.39 | -53.63 | -60.07 | 3.64 | -49.58 | -62.86 | 2.92 | -51.66 | -64.13 | 0.69 | -49.64 | -65.15 | 0.60 | -50.41 | -64.5 | 0.21 | 5.0 | 0.0 | 6.84 | -34.67 | -46.94 | 15.27 | 17.19 | -18.99 | 92.31 | -7.69 | 7.69 | 7.69 | 0 | -46.15 | 18.93 | -0.37 | 8.92 |
| 21Q3 (8) | 0.26 | -3.7 | -46.94 | 19.01 | -8.56 | -11.79 | 7.31 | -12.77 | -30.78 | 7.22 | -10.64 | -46.6 | 6.04 | 1.34 | -46.92 | 1.37 | -2.84 | -49.82 | 1.21 | -3.2 | -48.07 | 0.20 | -4.76 | 0.0 | 10.47 | -5.25 | -37.38 | 13.03 | 1.16 | -18.92 | 100.00 | -3.33 | 27.78 | 0.00 | 100.0 | -100.0 | 19.00 | 3.94 | 19.57 |
| 21Q2 (7) | 0.27 | -41.3 | 92.86 | 20.79 | -8.94 | 36.15 | 8.38 | -25.91 | 1344.83 | 8.08 | -32.61 | 76.81 | 5.96 | -36.66 | 27.9 | 1.41 | -42.21 | 74.07 | 1.25 | -40.76 | 78.57 | 0.21 | -4.55 | 40.0 | 11.05 | -25.89 | 23.6 | 12.88 | -5.01 | -28.52 | 103.45 | 10.5 | 1037.93 | -3.45 | -154.02 | -103.79 | 18.28 | 8.29 | 0 |
| 21Q1 (6) | 0.46 | 24.32 | 109.09 | 22.83 | 12.19 | 21.96 | 11.31 | 33.22 | 59.52 | 11.99 | 22.35 | 88.82 | 9.41 | 15.6 | 94.02 | 2.44 | 23.23 | 101.65 | 2.11 | 24.85 | 100.95 | 0.22 | 4.76 | 4.76 | 14.91 | 15.67 | 56.62 | 13.56 | -28.06 | -21.16 | 93.62 | 9.22 | -13.87 | 6.38 | -55.32 | 148.94 | 16.88 | -2.88 | 0 |
| 20Q4 (5) | 0.37 | -24.49 | 164.29 | 20.35 | -5.57 | 21.49 | 8.49 | -19.6 | 118.25 | 9.80 | -27.51 | 138.44 | 8.14 | -28.47 | 163.43 | 1.98 | -27.47 | 160.53 | 1.69 | -27.47 | 156.06 | 0.21 | 5.0 | 0.0 | 12.89 | -22.91 | 66.54 | 18.85 | 17.3 | 14.59 | 85.71 | 9.52 | -14.29 | 14.29 | -34.29 | 100.0 | 17.38 | 9.38 | 0.23 |
| 20Q3 (4) | 0.49 | 250.0 | 0.0 | 21.55 | 41.13 | 0.0 | 10.56 | 1720.69 | 0.0 | 13.52 | 195.84 | 0.0 | 11.38 | 144.21 | 0.0 | 2.73 | 237.04 | 0.0 | 2.33 | 232.86 | 0.0 | 0.20 | 33.33 | 0.0 | 16.72 | 87.02 | 0.0 | 16.07 | -10.82 | 0.0 | 78.26 | 760.87 | 0.0 | 21.74 | -76.09 | 0.0 | 15.89 | 0 | 0.0 |
| 20Q2 (3) | 0.14 | -36.36 | 0.0 | 15.27 | -18.43 | 0.0 | 0.58 | -91.82 | 0.0 | 4.57 | -28.03 | 0.0 | 4.66 | -3.92 | 0.0 | 0.81 | -33.06 | 0.0 | 0.70 | -33.33 | 0.0 | 0.15 | -28.57 | 0.0 | 8.94 | -6.09 | 0.0 | 18.02 | 4.77 | 0.0 | 9.09 | -91.64 | 0.0 | 90.91 | 796.97 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.22 | 57.14 | 0.0 | 18.72 | 11.76 | 0.0 | 7.09 | 82.26 | 0.0 | 6.35 | 54.5 | 0.0 | 4.85 | 56.96 | 0.0 | 1.21 | 59.21 | 0.0 | 1.05 | 59.09 | 0.0 | 0.21 | 0.0 | 0.0 | 9.52 | 23.0 | 0.0 | 17.20 | 4.56 | 0.0 | 108.70 | 8.7 | 0.0 | -13.04 | -282.61 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 16.75 | 0.0 | 0.0 | 3.89 | 0.0 | 0.0 | 4.11 | 0.0 | 0.0 | 3.09 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 7.74 | 0.0 | 0.0 | 16.45 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 7.14 | 0.0 | 0.0 | 17.34 | 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) | 0.07 | -89.06 | 13.06 | -19.08 | -0.79 | 0 | 4.00 | 16.08 | 0.71 | -86.16 | 0.53 | -87.29 | 0.39 | -88.56 | 0.35 | -88.41 | 0.67 | -6.94 | 4.74 | -44.95 | 9.57 | -9.03 | -112.50 | 0 | 200.00 | 350.0 | 0.00 | 0 | 18.36 | -4.92 |
| 2022 (9) | 0.64 | -43.36 | 16.14 | -18.94 | 2.86 | -62.86 | 3.44 | 15.77 | 5.13 | -34.65 | 4.17 | -32.41 | 3.41 | -43.07 | 3.02 | -41.02 | 0.72 | -13.25 | 8.61 | -20.72 | 10.52 | -31.11 | 55.56 | -42.94 | 44.44 | 2433.33 | 0.00 | 0 | 19.31 | 5.92 |
| 2021 (8) | 1.13 | -7.38 | 19.91 | 3.37 | 7.70 | 7.69 | 2.97 | -10.03 | 7.85 | -11.2 | 6.17 | -16.96 | 5.99 | -9.79 | 5.12 | -9.86 | 0.83 | 9.21 | 10.86 | -11.13 | 15.27 | -18.99 | 97.37 | 20.4 | 1.75 | -90.83 | 0.00 | 0 | 18.23 | 0.22 |
| 2020 (7) | 1.22 | 18.45 | 19.26 | 7.66 | 7.15 | 21.39 | 3.31 | 0.98 | 8.84 | 31.55 | 7.43 | 36.08 | 6.64 | 16.29 | 5.68 | 16.39 | 0.76 | -12.64 | 12.22 | 19.57 | 18.85 | 14.59 | 80.87 | -7.18 | 19.13 | 61.01 | 0.00 | 0 | 18.19 | 5.45 |
| 2019 (6) | 1.03 | -20.16 | 17.89 | -6.53 | 5.89 | -23.61 | 3.27 | 16.72 | 6.72 | -14.5 | 5.46 | -10.34 | 5.71 | -20.36 | 4.88 | -19.07 | 0.87 | -9.37 | 10.22 | -5.89 | 16.45 | -30.56 | 87.13 | -10.85 | 11.88 | 684.16 | 0.00 | 0 | 17.25 | 0.12 |
| 2018 (5) | 1.29 | -20.86 | 19.14 | -15.53 | 7.71 | -27.47 | 2.80 | 10.97 | 7.86 | -23.39 | 6.09 | -21.52 | 7.17 | -21.55 | 6.03 | -17.96 | 0.96 | 2.13 | 10.86 | -15.29 | 23.69 | 17.28 | 97.73 | -5.59 | 1.52 | 0 | 0.00 | 0 | 17.23 | -4.06 |
| 2017 (4) | 1.63 | -22.75 | 22.66 | -7.09 | 10.63 | -8.04 | 2.53 | 4.21 | 10.26 | -13.85 | 7.76 | -19.59 | 9.14 | -24.77 | 7.35 | -21.89 | 0.94 | -3.09 | 12.82 | -10.85 | 20.20 | -30.73 | 103.51 | 6.61 | -3.51 | 0 | 0.00 | 0 | 17.96 | -0.55 |
| 2016 (3) | 2.11 | 56.3 | 24.39 | 18.46 | 11.56 | 44.68 | 2.42 | -10.99 | 11.91 | 35.34 | 9.65 | 35.92 | 12.15 | 52.26 | 9.41 | 53.26 | 0.97 | 14.12 | 14.38 | 23.01 | 29.16 | -4.55 | 97.09 | 6.8 | 2.91 | -67.96 | 0.00 | 0 | 18.06 | 4.33 |
| 2015 (2) | 1.35 | 39.18 | 20.59 | 15.61 | 7.99 | 42.93 | 2.72 | -24.81 | 8.80 | 41.94 | 7.10 | 40.04 | 7.98 | 37.59 | 6.14 | 37.67 | 0.85 | -1.16 | 11.69 | 16.78 | 30.55 | -8.09 | 90.91 | 0.53 | 9.09 | -5.05 | 0.00 | 0 | 17.31 | 3.96 |
| 2014 (1) | 0.97 | -23.62 | 17.81 | 0 | 5.59 | 0 | 3.62 | 2.78 | 6.20 | 0 | 5.07 | 0 | 5.80 | 0 | 4.46 | 0 | 0.86 | -10.42 | 10.01 | -10.55 | 33.24 | 1.56 | 90.43 | 11.43 | 9.57 | -49.21 | 0.00 | 0 | 16.65 | 1.96 |
