- 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 | -85.71 | -100.0 | 10.13 | -29.9 | -25.62 | -4.04 | -512.12 | -71.19 | -4.46 | -631.15 | -227.94 | -2.84 | -61.36 | -44.16 | -0.95 | -69.64 | -82.69 | -0.26 | -188.89 | -160.0 | 0.15 | 0.0 | 25.0 | 3.13 | -56.95 | -52.36 | 117.03 | 1.09 | 7.41 | 90.91 | -27.27 | -48.05 | 9.09 | 0 | 112.12 | 10.60 | -5.36 | -16.54 |
| 24Q2 (19) | -0.14 | 53.33 | 54.84 | 14.45 | 33.18 | 60.56 | -0.66 | 88.96 | 91.02 | -0.61 | 88.89 | 85.61 | -1.76 | 64.59 | 60.18 | -0.56 | 52.94 | 51.72 | -0.09 | 77.5 | 78.57 | 0.15 | 36.36 | 25.0 | 7.27 | 51.46 | 125.78 | 115.77 | 5.24 | -1.0 | 125.00 | 16.94 | -27.33 | -0.00 | 100.0 | 100.0 | 11.20 | -22.11 | -13.11 |
| 24Q1 (18) | -0.30 | 11.76 | -36.36 | 10.85 | -5.65 | -9.73 | -5.98 | -38.11 | 8.84 | -5.49 | 13.41 | -32.93 | -4.97 | 4.24 | -33.96 | -1.19 | 9.85 | -48.75 | -0.40 | 14.89 | -17.65 | 0.11 | -8.33 | 10.0 | 4.80 | 49.53 | 900.0 | 110.01 | 0.71 | 3.01 | 106.90 | 60.34 | -31.97 | -10.34 | -133.86 | 81.9 | 14.38 | 40.84 | -4.52 |
| 23Q4 (17) | -0.34 | -161.54 | -477.78 | 11.50 | -15.57 | -26.38 | -4.33 | -83.47 | -270.47 | -6.34 | -366.18 | -437.23 | -5.19 | -163.45 | -536.13 | -1.32 | -153.85 | -488.24 | -0.47 | -370.0 | -347.37 | 0.12 | 0.0 | -14.29 | 3.21 | -51.14 | -23.57 | 109.23 | 0.25 | 4.61 | 66.67 | -61.9 | -49.02 | 30.56 | 140.74 | 199.31 | 10.21 | -19.61 | -1.64 |
| 23Q3 (16) | -0.13 | 58.06 | -262.5 | 13.62 | 51.33 | 7.58 | -2.36 | 67.89 | 30.99 | -1.36 | 67.92 | -174.32 | -1.97 | 55.43 | -301.02 | -0.52 | 55.17 | -292.59 | -0.10 | 76.19 | -162.5 | 0.12 | 0.0 | -7.69 | 6.57 | 104.04 | 49.32 | 108.96 | -6.82 | 4.95 | 175.00 | 1.74 | 195.45 | -75.00 | -4.17 | -127.27 | 12.70 | -1.47 | 16.41 |
| 23Q2 (15) | -0.31 | -40.91 | -229.17 | 9.00 | -25.12 | -36.8 | -7.35 | -12.04 | -674.22 | -4.24 | -2.66 | -221.84 | -4.42 | -19.14 | -254.01 | -1.16 | -45.0 | -231.82 | -0.42 | -23.53 | -193.33 | 0.12 | 20.0 | -20.0 | 3.22 | 636.67 | -43.41 | 116.94 | 9.49 | 7.85 | 172.00 | 9.45 | 377.78 | -72.00 | -26.0 | -212.5 | 12.89 | -14.41 | 23.94 |
| 23Q1 (14) | -0.22 | -344.44 | -170.97 | 12.02 | -23.05 | -25.57 | -6.56 | -358.27 | -297.59 | -4.13 | -319.68 | -192.81 | -3.71 | -411.76 | -214.51 | -0.80 | -335.29 | -173.39 | -0.34 | -278.95 | -161.82 | 0.10 | -28.57 | -37.5 | -0.60 | -114.29 | -109.2 | 106.80 | 2.28 | -4.84 | 157.14 | 20.17 | 111.54 | -57.14 | -85.71 | -322.22 | 15.06 | 45.09 | 78.65 |
| 22Q4 (13) | 0.09 | 12.5 | -75.0 | 15.62 | 23.38 | -9.82 | 2.54 | 174.27 | -41.07 | 1.88 | 2.73 | -50.13 | 1.19 | 21.43 | -67.75 | 0.34 | 25.93 | -73.44 | 0.19 | 18.75 | -70.77 | 0.14 | 7.69 | -12.5 | 4.20 | -4.55 | -32.8 | 104.42 | 0.58 | -5.56 | 130.77 | 171.33 | 15.38 | -30.77 | -111.19 | -130.77 | 10.38 | -4.86 | 3.8 |
| 22Q3 (12) | 0.08 | -66.67 | -55.56 | 12.66 | -11.1 | -24.55 | -3.42 | -367.19 | -194.21 | 1.83 | -47.41 | -42.63 | 0.98 | -65.85 | -48.96 | 0.27 | -69.32 | -58.46 | 0.16 | -64.44 | -55.56 | 0.13 | -13.33 | -18.75 | 4.40 | -22.67 | -20.29 | 103.82 | -4.25 | -6.05 | -183.33 | -609.26 | -257.14 | 275.00 | 329.69 | 2300.0 | 10.91 | 4.9 | 37.58 |
| 22Q2 (11) | 0.24 | -22.58 | -53.85 | 14.24 | -11.83 | -16.58 | 1.28 | -61.45 | -72.71 | 3.48 | -21.8 | -50.14 | 2.87 | -11.42 | -40.95 | 0.88 | -19.27 | -49.43 | 0.45 | -18.18 | -48.28 | 0.15 | -6.25 | -11.76 | 5.69 | -12.73 | -36.35 | 108.43 | -3.39 | -2.4 | 36.00 | -51.54 | -46.49 | 64.00 | 148.89 | 95.56 | 10.40 | 23.37 | 39.22 |
| 22Q1 (10) | 0.31 | -13.89 | -3.13 | 16.15 | -6.76 | -15.8 | 3.32 | -22.97 | -50.52 | 4.45 | 18.04 | -19.68 | 3.24 | -12.2 | -4.14 | 1.09 | -14.84 | -1.8 | 0.55 | -15.38 | -5.17 | 0.16 | 0.0 | 0.0 | 6.52 | 4.32 | -18.5 | 112.23 | 1.5 | 5.04 | 74.29 | -34.45 | -39.36 | 25.71 | 292.86 | 214.29 | 8.43 | -15.7 | 10.78 |
| 21Q4 (9) | 0.36 | 100.0 | -14.29 | 17.32 | 3.22 | 3.4 | 4.31 | 18.73 | -23.31 | 3.77 | 18.18 | -33.51 | 3.69 | 92.19 | -9.34 | 1.28 | 96.92 | -15.23 | 0.65 | 80.56 | -16.67 | 0.16 | 0.0 | -11.11 | 6.25 | 13.22 | -24.15 | 110.57 | 0.05 | 6.64 | 113.33 | -2.86 | 13.33 | -13.33 | -6.67 | 0 | 10.00 | 26.1 | 45.77 |
| 21Q3 (8) | 0.18 | -65.38 | -10.0 | 16.78 | -1.7 | -4.93 | 3.63 | -22.6 | -5.22 | 3.19 | -54.3 | -35.16 | 1.92 | -60.49 | -22.27 | 0.65 | -62.64 | -9.72 | 0.36 | -58.62 | -12.2 | 0.16 | -5.88 | 14.29 | 5.52 | -38.26 | -32.27 | 110.51 | -0.53 | -1.43 | 116.67 | 73.42 | 50.69 | -12.50 | -138.19 | -155.36 | 7.93 | 6.16 | -3.41 |
| 21Q2 (7) | 0.52 | 62.5 | 100.0 | 17.07 | -11.0 | 6.42 | 4.69 | -30.1 | 86.11 | 6.98 | 25.99 | 21.39 | 4.86 | 43.79 | 42.11 | 1.74 | 56.76 | 77.55 | 0.87 | 50.0 | 61.11 | 0.17 | 6.25 | 21.43 | 8.94 | 11.75 | 0.56 | 111.10 | 3.98 | 2.2 | 67.27 | -45.08 | 51.36 | 32.73 | 245.45 | -41.09 | 7.47 | -1.84 | 0 |
| 21Q1 (6) | 0.32 | -23.81 | 557.14 | 19.18 | 14.51 | 13.42 | 6.71 | 19.4 | 806.76 | 5.54 | -2.29 | 1107.27 | 3.38 | -16.95 | 362.02 | 1.11 | -26.49 | 446.88 | 0.58 | -25.64 | 583.33 | 0.16 | -11.11 | 23.08 | 8.00 | -2.91 | 165.78 | 106.85 | 3.05 | 4.29 | 122.50 | 22.5 | 191.88 | -22.50 | 0 | -109.64 | 7.61 | 10.93 | -23.44 |
| 20Q4 (5) | 0.42 | 110.0 | 82.61 | 16.75 | -5.1 | 8.55 | 5.62 | 46.74 | 77.85 | 5.67 | 15.24 | 52.42 | 4.07 | 64.78 | 80.89 | 1.51 | 109.72 | 101.33 | 0.78 | 90.24 | 73.33 | 0.18 | 28.57 | -5.26 | 8.24 | 1.1 | 35.53 | 103.69 | -7.51 | 45.49 | 100.00 | 29.17 | 16.0 | 0.00 | -100.0 | -100.0 | 6.86 | -16.44 | 0 |
| 20Q3 (4) | 0.20 | -23.08 | 0.0 | 17.65 | 10.04 | 0.0 | 3.83 | 51.98 | 0.0 | 4.92 | -14.43 | 0.0 | 2.47 | -27.78 | 0.0 | 0.72 | -26.53 | 0.0 | 0.41 | -24.07 | 0.0 | 0.14 | 0.0 | 0.0 | 8.15 | -8.32 | 0.0 | 112.11 | 3.13 | 0.0 | 77.42 | 74.19 | 0.0 | 22.58 | -59.35 | 0.0 | 8.21 | 0 | 0.0 |
| 20Q2 (3) | 0.26 | 471.43 | 0.0 | 16.04 | -5.14 | 0.0 | 2.52 | 240.54 | 0.0 | 5.75 | 1145.45 | 0.0 | 3.42 | 365.12 | 0.0 | 0.98 | 406.25 | 0.0 | 0.54 | 550.0 | 0.0 | 0.14 | 7.69 | 0.0 | 8.89 | 195.35 | 0.0 | 108.71 | 6.11 | 0.0 | 44.44 | 133.33 | 0.0 | 55.56 | -76.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.07 | -130.43 | 0.0 | 16.91 | 9.59 | 0.0 | 0.74 | -76.58 | 0.0 | -0.55 | -114.78 | 0.0 | -1.29 | -157.33 | 0.0 | -0.32 | -142.67 | 0.0 | -0.12 | -126.67 | 0.0 | 0.13 | -31.58 | 0.0 | 3.01 | -50.49 | 0.0 | 102.45 | 43.75 | 0.0 | -133.33 | -254.67 | 0.0 | 233.33 | 1591.67 | 0.0 | 9.94 | 0 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 15.43 | 0.0 | 0.0 | 3.16 | 0.0 | 0.0 | 3.72 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 6.08 | 0.0 | 0.0 | 71.27 | 0.0 | 0.0 | 86.21 | 0.0 | 0.0 | 13.79 | 0.0 | 0.0 | 0.00 | 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) | -1.00 | 0 | 11.50 | -21.98 | -5.12 | 0 | 5.75 | 193.23 | -4.00 | 0 | -3.82 | 0 | -3.77 | 0 | -1.33 | 0 | 0.48 | -17.24 | 3.23 | -38.71 | 109.23 | 4.61 | 128.09 | 258.65 | -28.09 | 0 | 0.68 | 12.76 | 12.65 | 27.01 |
| 2022 (9) | 0.71 | -46.21 | 14.74 | -16.06 | 1.08 | -77.55 | 1.96 | 3.51 | 2.99 | -38.73 | 2.15 | -38.22 | 2.60 | -45.03 | 1.37 | -44.08 | 0.58 | -12.12 | 5.27 | -26.6 | 104.42 | -5.56 | 35.71 | -63.8 | 64.29 | 4689.29 | 0.61 | 4.05 | 9.96 | 20.58 |
| 2021 (8) | 1.32 | 62.96 | 17.56 | 4.34 | 4.81 | 41.06 | 1.89 | -23.3 | 4.88 | 16.75 | 3.48 | 45.61 | 4.73 | 72.63 | 2.45 | 43.27 | 0.66 | 6.45 | 7.18 | -0.55 | 110.57 | 6.64 | 98.66 | 20.58 | 1.34 | -92.62 | 0.58 | -6.13 | 8.26 | 6.44 |
| 2020 (7) | 0.81 | -67.98 | 16.83 | -13.11 | 3.41 | -51.01 | 2.47 | 26.95 | 4.18 | -43.13 | 2.39 | -57.7 | 2.74 | -65.71 | 1.71 | -65.52 | 0.62 | -26.19 | 7.22 | -25.95 | 103.69 | 45.49 | 81.82 | -13.47 | 18.18 | 233.77 | 0.62 | -13.73 | 7.76 | 10.23 |
| 2019 (6) | 2.53 | -68.61 | 19.37 | -29.92 | 6.96 | -57.72 | 1.94 | 72.72 | 7.35 | -58.24 | 5.65 | -54.69 | 7.99 | -68.85 | 4.96 | -68.41 | 0.84 | -32.8 | 9.75 | -48.52 | 71.27 | 6.33 | 94.55 | 1.02 | 5.45 | -16.51 | 0.72 | 3.23 | 7.04 | 3.07 |
| 2018 (5) | 8.06 | 54.41 | 27.64 | 17.87 | 16.46 | 39.14 | 1.13 | -1.67 | 17.60 | 48.02 | 12.47 | 54.14 | 25.65 | 31.07 | 15.70 | 31.05 | 1.25 | -14.38 | 18.94 | 42.94 | 67.03 | 7.16 | 93.60 | -6.01 | 6.52 | 961.31 | 0.70 | -28.94 | 6.83 | 0.0 |
| 2017 (4) | 5.22 | -0.57 | 23.45 | 5.49 | 11.83 | 7.25 | 1.14 | 0.44 | 11.89 | 7.7 | 8.09 | 4.93 | 19.57 | -14.5 | 11.98 | -0.25 | 1.46 | -4.58 | 13.25 | 6.51 | 62.55 | -10.26 | 99.59 | -0.41 | 0.61 | 179.71 | 0.98 | 0 | 6.83 | 6.39 |
| 2016 (3) | 5.25 | -24.57 | 22.23 | -7.8 | 11.03 | 4.35 | 1.14 | 23.94 | 11.04 | 1.94 | 7.71 | 6.34 | 22.89 | -9.27 | 12.01 | 17.4 | 1.53 | 11.68 | 12.44 | 2.64 | 69.70 | -45.11 | 100.00 | 2.64 | 0.22 | -90.5 | 0.00 | 0 | 6.42 | -19.45 |
| 2015 (2) | 6.96 | -18.88 | 24.11 | 5.51 | 10.57 | -5.71 | 0.92 | 14.54 | 10.83 | -9.83 | 7.25 | -19.08 | 25.23 | -48.98 | 10.23 | -31.43 | 1.37 | -15.43 | 12.12 | -7.9 | 126.99 | -34.23 | 97.43 | 4.41 | 2.31 | -65.38 | 0.00 | 0 | 7.97 | 40.56 |
| 2014 (1) | 8.58 | -24.2 | 22.85 | 0 | 11.21 | 0 | 0.80 | 15.63 | 12.01 | 0 | 8.96 | 0 | 49.45 | 0 | 14.92 | 0 | 1.62 | 0 | 13.16 | 59.52 | 193.07 | -42.88 | 93.32 | 4.44 | 6.68 | -37.26 | 0.00 | 0 | 5.67 | 7.59 |
