- 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) | -0.04 | -106.45 | 66.67 | 6.59 | -36.7 | -35.27 | -16.66 | -466.15 | -43.74 | -4.78 | -111.67 | 30.22 | -2.29 | -106.47 | 68.72 | -0.31 | -106.7 | 69.0 | -0.07 | -102.43 | 86.27 | 0.08 | 0.0 | 0.0 | 2.56 | -94.77 | 271.01 | 63.65 | -1.35 | 0.47 | 371.43 | 3083.67 | 118.49 | -271.43 | -401.59 | -287.76 | 16.00 | 6.81 | 8.18 |
| 24Q2 (19) | 0.62 | 31.91 | 542.86 | 10.41 | -18.42 | 0.39 | 4.55 | 144.65 | 164.17 | 40.97 | 23.85 | 563.46 | 35.37 | 19.45 | 451.94 | 4.63 | 26.85 | 489.08 | 2.88 | 26.87 | 543.08 | 0.08 | 14.29 | 0.0 | 48.98 | 16.67 | 0 | 64.52 | -9.05 | 6.57 | 11.67 | 138.59 | -85.74 | 90.00 | -32.11 | 395.0 | 14.98 | -6.96 | -8.32 |
| 24Q1 (18) | 0.47 | 840.0 | 2250.0 | 12.76 | 16.11 | 16.21 | -10.19 | -19.46 | 37.33 | 33.08 | 1532.03 | 2789.43 | 29.61 | 1303.32 | 74125.0 | 3.65 | 1158.62 | 0 | 2.27 | 682.76 | 2422.22 | 0.07 | -12.5 | 0.0 | 41.98 | 645.65 | 436.14 | 70.94 | 2.17 | 27.13 | -30.23 | -107.56 | -101.59 | 132.56 | 144.19 | 107.8 | 16.10 | 0.75 | -17.01 |
| 23Q4 (17) | 0.05 | 141.67 | 122.73 | 10.99 | 7.96 | -17.06 | -8.53 | 26.4 | 9.35 | -2.31 | 66.28 | 84.87 | 2.11 | 128.83 | 118.33 | 0.29 | 129.0 | 117.16 | 0.29 | 156.86 | 130.53 | 0.08 | 0.0 | -11.11 | 5.63 | 715.94 | 163.9 | 69.43 | 9.6 | 17.74 | 400.00 | 135.29 | 540.0 | -300.00 | -328.57 | -900.0 | 15.98 | 8.05 | 72.94 |
| 23Q3 (16) | -0.12 | 14.29 | -175.0 | 10.18 | -1.83 | -33.03 | -11.59 | -63.47 | -3763.33 | -6.85 | 22.51 | -158.25 | -7.32 | 27.16 | -186.42 | -1.00 | 15.97 | -183.33 | -0.51 | 21.54 | -164.56 | 0.08 | 0.0 | 0.0 | 0.69 | 0 | -96.3 | 63.35 | 4.64 | -6.15 | 170.00 | 107.78 | 0 | -70.00 | -485.0 | -170.0 | 14.79 | -9.49 | 41.8 |
| 23Q2 (15) | -0.14 | -800.0 | -1500.0 | 10.37 | -5.56 | -18.98 | -7.09 | 56.4 | -101.99 | -8.84 | -618.7 | -397.64 | -10.05 | -25025.0 | -3145.45 | -1.19 | 0 | -2083.33 | -0.65 | -822.22 | -822.22 | 0.08 | 14.29 | -33.33 | 0.00 | -100.0 | -100.0 | 60.54 | 8.49 | -12.46 | 81.82 | -95.69 | 170.13 | 18.18 | 101.07 | -91.61 | 16.34 | -15.77 | 50.46 |
| 23Q1 (14) | 0.02 | 109.09 | 115.38 | 10.98 | -17.13 | -19.68 | -16.26 | -72.79 | -47.95 | -1.23 | 91.94 | 72.05 | -0.04 | 99.65 | 99.26 | 0.00 | 100.0 | 100.0 | 0.09 | 109.47 | 120.93 | 0.07 | -22.22 | -22.22 | 7.83 | 188.88 | 314.29 | 55.80 | -5.38 | 7.64 | 1900.00 | 2940.0 | 682.35 | -1700.00 | -4633.33 | -1090.0 | 19.40 | 109.96 | 6.77 |
| 22Q4 (13) | -0.22 | -237.5 | -125.29 | 13.25 | -12.83 | 6.94 | -9.41 | -3036.67 | 37.18 | -15.27 | -229.85 | -142.99 | -11.51 | -235.89 | -133.17 | -1.69 | -240.83 | -128.89 | -0.95 | -220.25 | -125.68 | 0.09 | 12.5 | -10.0 | -8.81 | -147.19 | -121.48 | 58.97 | -12.64 | 2.91 | 62.50 | 0 | 245.83 | 37.50 | -62.5 | -73.75 | 9.24 | -11.41 | -64.46 |
| 22Q3 (12) | 0.16 | 1500.0 | 300.0 | 15.20 | 18.75 | -10.54 | -0.30 | 91.45 | 95.03 | 11.76 | 295.96 | 535.68 | 8.47 | 2466.67 | 332.14 | 1.20 | 1900.0 | 287.1 | 0.79 | 777.78 | 182.14 | 0.08 | -33.33 | -11.11 | 18.67 | 145.34 | 125.48 | 67.50 | -2.4 | 0.75 | 0.00 | 100.0 | 100.0 | 100.00 | -53.85 | -75.0 | 10.43 | -3.96 | -31.83 |
| 22Q2 (11) | 0.01 | 107.69 | 102.13 | 12.80 | -6.36 | -30.13 | -3.51 | 68.06 | -267.14 | 2.97 | 167.5 | 118.42 | 0.33 | 106.1 | 101.92 | 0.06 | 107.69 | 101.86 | 0.09 | 120.93 | 104.89 | 0.12 | 33.33 | 9.09 | 7.61 | 302.65 | 170.66 | 69.16 | 33.41 | 8.42 | -116.67 | -148.04 | -804.17 | 216.67 | 251.67 | 91.9 | 10.86 | -40.23 | 42.89 |
| 22Q1 (10) | -0.13 | -114.94 | -104.22 | 13.67 | 10.33 | -20.98 | -10.99 | 26.64 | 6.31 | -4.40 | -112.39 | -104.64 | -5.41 | -115.59 | -105.7 | -0.78 | -113.33 | -103.4 | -0.43 | -111.62 | -103.31 | 0.09 | -10.0 | -35.71 | 1.89 | -95.39 | -98.09 | 51.84 | -9.53 | -26.38 | 242.86 | 666.67 | 2078.84 | -142.86 | -200.0 | -227.24 | 18.17 | -30.12 | -19.64 |
| 21Q4 (9) | 0.87 | 2075.0 | 611.76 | 12.39 | -27.07 | -41.67 | -14.98 | -148.01 | 23.22 | 35.52 | 1820.0 | 454.14 | 34.70 | 1670.41 | 760.95 | 5.85 | 1787.1 | 514.89 | 3.70 | 1221.43 | 669.23 | 0.10 | 11.11 | -28.57 | 41.01 | 395.29 | 882.63 | 57.30 | -14.48 | -34.51 | -42.86 | 87.14 | -121.9 | 142.86 | -64.29 | 249.35 | 26.00 | 69.93 | 65.18 |
| 21Q3 (8) | 0.04 | 108.51 | -89.19 | 16.99 | -7.26 | -26.74 | -6.04 | -387.62 | -166.96 | 1.85 | 111.48 | -86.44 | 1.96 | 111.41 | -81.95 | 0.31 | 109.63 | -90.1 | 0.28 | 115.22 | -84.62 | 0.09 | -18.18 | -43.75 | 8.28 | 176.88 | -54.08 | 67.00 | 5.03 | -25.6 | -333.33 | -2483.33 | -600.0 | 400.00 | 254.29 | 1100.0 | 15.30 | 101.32 | 4.37 |
| 21Q2 (7) | -0.47 | -115.26 | -461.54 | 18.32 | 5.9 | -10.11 | 2.10 | 117.9 | 62.79 | -16.12 | -117.0 | -302.51 | -17.18 | -118.11 | -415.81 | -3.22 | -114.03 | -387.5 | -1.84 | -114.16 | -348.65 | 0.11 | -21.43 | -8.33 | -10.77 | -110.86 | -175.37 | 63.79 | -9.41 | -13.76 | -12.90 | -5.14 | -190.32 | 112.90 | 0.56 | 31.72 | 7.60 | -66.39 | 0 |
| 21Q1 (6) | 3.08 | 1911.76 | 3950.0 | 17.30 | -18.55 | -11.42 | -11.73 | 39.88 | -574.9 | 94.84 | 1045.56 | 4315.11 | 94.87 | 1907.05 | 3220.72 | 22.95 | 1727.66 | 3685.94 | 12.99 | 2098.46 | 4911.11 | 0.14 | 0.0 | 16.67 | 99.14 | 1991.98 | 2550.8 | 70.42 | -19.52 | 1.11 | -12.27 | -106.27 | 90.18 | 112.27 | 217.38 | -50.1 | 22.61 | 43.65 | 68.23 |
| 20Q4 (5) | -0.17 | -145.95 | -173.91 | 21.24 | -8.41 | -0.05 | -19.51 | -316.3 | -556.91 | -10.03 | -173.53 | -259.46 | -5.25 | -148.34 | -176.75 | -1.41 | -145.05 | -173.06 | -0.65 | -135.71 | -152.42 | 0.14 | -12.5 | -17.65 | -5.24 | -129.06 | -147.94 | 87.50 | -2.83 | 19.42 | 195.65 | 193.48 | 184.58 | -95.65 | -386.96 | -406.09 | 15.74 | 7.37 | 15.14 |
| 20Q3 (4) | 0.37 | 184.62 | 0.0 | 23.19 | 13.79 | 0.0 | 9.02 | 599.22 | 0.0 | 13.64 | 71.36 | 0.0 | 10.86 | 99.63 | 0.0 | 3.13 | 179.46 | 0.0 | 1.82 | 145.95 | 0.0 | 0.16 | 33.33 | 0.0 | 18.03 | 26.17 | 0.0 | 90.05 | 21.74 | 0.0 | 66.67 | 366.67 | 0.0 | 33.33 | -61.11 | 0.0 | 14.66 | 0 | 0.0 |
| 20Q2 (3) | 0.13 | 262.5 | 0.0 | 20.38 | 4.35 | 0.0 | 1.29 | -47.77 | 0.0 | 7.96 | 453.78 | 0.0 | 5.44 | 278.95 | 0.0 | 1.12 | 275.0 | 0.0 | 0.74 | 374.07 | 0.0 | 0.12 | 0.0 | 0.0 | 14.29 | 282.09 | 0.0 | 73.97 | 6.2 | 0.0 | 14.29 | 111.43 | 0.0 | 85.71 | -61.9 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.08 | -134.78 | 0.0 | 19.53 | -8.09 | 0.0 | 2.47 | -42.15 | 0.0 | -2.25 | -135.77 | 0.0 | -3.04 | -144.44 | 0.0 | -0.64 | -133.16 | 0.0 | -0.27 | -121.77 | 0.0 | 0.12 | -29.41 | 0.0 | 3.74 | -65.78 | 0.0 | 69.65 | -4.94 | 0.0 | -125.00 | -281.82 | 0.0 | 225.00 | 620.0 | 0.0 | 13.44 | -1.68 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 21.25 | 0.0 | 0.0 | 4.27 | 0.0 | 0.0 | 6.29 | 0.0 | 0.0 | 6.84 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 10.93 | 0.0 | 0.0 | 73.27 | 0.0 | 0.0 | 68.75 | 0.0 | 0.0 | 31.25 | 0.0 | 0.0 | 13.67 | 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) | -0.18 | 0 | 10.62 | -22.25 | -10.70 | 0 | 5.48 | 21.34 | -4.88 | 0 | -3.85 | 0 | -1.92 | 0 | -0.75 | 0 | 0.30 | -23.08 | 3.40 | -31.59 | 69.43 | 17.74 | 219.23 | -56.15 | -119.23 | 0 | 0.39 | -38.84 | 16.49 | 36.06 |
| 2022 (9) | -0.17 | 0 | 13.66 | -16.45 | -5.98 | 0 | 4.52 | 11.06 | -1.17 | 0 | -2.03 | 0 | -1.24 | 0 | -0.48 | 0 | 0.39 | -15.22 | 4.97 | -87.21 | 58.97 | 2.91 | 500.00 | 0 | -400.00 | 0 | 0.65 | 271.62 | 12.12 | -32.85 |
| 2021 (8) | 3.55 | 1265.38 | 16.35 | -23.06 | -7.78 | 0 | 4.07 | 2.94 | 33.42 | 1292.5 | 32.99 | 1399.55 | 25.82 | 1117.92 | 15.52 | 894.87 | 0.46 | -13.21 | 38.85 | 407.18 | 57.30 | -34.51 | -23.14 | 0 | 123.14 | -31.59 | 0.17 | -53.94 | 18.05 | 16.9 |
| 2020 (7) | 0.26 | -39.53 | 21.25 | 10.97 | -1.89 | 0 | 3.95 | 40.16 | 2.40 | -26.38 | 2.20 | -30.38 | 2.12 | -40.28 | 1.56 | -38.82 | 0.53 | -24.29 | 7.66 | 7.13 | 87.50 | 19.42 | -80.00 | 0 | 180.00 | 0 | 0.38 | -35.81 | 15.44 | 19.41 |
| 2019 (6) | 0.43 | 16.22 | 19.15 | 34.39 | 3.63 | 0 | 2.82 | 22.26 | 3.26 | 17.27 | 3.16 | 24.9 | 3.55 | 15.26 | 2.55 | 15.38 | 0.70 | -14.63 | 7.15 | 23.06 | 73.27 | 48.92 | 112.50 | 0 | -12.50 | 0 | 0.59 | -29.5 | 12.93 | 14.53 |
| 2018 (5) | 0.37 | 48.0 | 14.25 | -16.27 | -0.25 | 0 | 2.31 | 10.4 | 2.78 | 53.59 | 2.53 | 48.82 | 3.08 | 46.67 | 2.21 | 41.67 | 0.82 | -6.82 | 5.81 | 18.57 | 49.20 | 0.45 | -10.00 | 0 | 110.00 | 0 | 0.83 | 0 | 11.29 | 10.79 |
| 2017 (4) | 0.25 | -44.44 | 17.02 | -12.13 | 2.70 | -26.83 | 2.09 | -5.73 | 1.81 | -47.69 | 1.70 | -45.69 | 2.10 | -45.03 | 1.56 | -46.94 | 0.88 | -6.38 | 4.90 | -24.15 | 48.98 | 58.61 | 150.00 | 38.75 | -50.00 | 0 | 0.00 | 0 | 10.19 | -12.68 |
| 2016 (3) | 0.45 | -21.05 | 19.37 | -1.32 | 3.69 | -11.51 | 2.22 | 1.2 | 3.46 | -26.69 | 3.13 | -17.63 | 3.82 | -19.58 | 2.94 | -18.11 | 0.94 | 0.0 | 6.46 | -16.75 | 30.88 | 6.45 | 108.11 | 22.21 | -8.11 | 0 | 0.00 | 0 | 11.67 | -2.34 |
| 2015 (2) | 0.57 | 11.76 | 19.63 | 17.97 | 4.17 | 42.32 | 2.19 | 7.47 | 4.72 | 18.3 | 3.80 | 31.94 | 4.75 | 10.21 | 3.59 | 15.81 | 0.94 | -12.15 | 7.76 | 15.13 | 29.01 | -21.62 | 88.46 | 21.93 | 11.54 | -54.73 | 0.00 | 0 | 11.95 | 11.79 |
| 2014 (1) | 0.51 | -22.73 | 16.64 | 0 | 2.93 | 0 | 2.04 | 2.86 | 3.99 | 0 | 2.88 | 0 | 4.31 | 0 | 3.10 | 0 | 1.07 | -5.31 | 6.74 | -2.32 | 37.01 | -13.91 | 72.55 | -18.92 | 25.49 | 190.59 | 0.00 | 0 | 10.69 | 12.05 |
