- 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) | 0.05 | 25.0 | -72.22 | 26.03 | 20.96 | -2.36 | 5.66 | 332.92 | -13.06 | 4.35 | -14.87 | -69.64 | 3.51 | -13.76 | -69.5 | 0.45 | 4.65 | -73.53 | 0.41 | -6.82 | -69.4 | 0.10 | 11.11 | -9.09 | 9.35 | -22.08 | -51.45 | 28.91 | 55.51 | -30.37 | 127.27 | 354.55 | 175.76 | -27.27 | -118.18 | -150.65 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.04 | 0.0 | -78.95 | 21.52 | -6.07 | -21.72 | -2.43 | 34.85 | -127.09 | 5.11 | 4.93 | -66.05 | 4.07 | 1.75 | -66.34 | 0.43 | 10.26 | -77.6 | 0.44 | 18.92 | -70.67 | 0.09 | 12.5 | -25.0 | 12.00 | 0.59 | -37.34 | 18.59 | -28.83 | -37.72 | -50.00 | 35.71 | -184.0 | 150.00 | -10.0 | 270.59 | 31.63 | -3.3 | 28.84 |
| 24Q1 (18) | 0.04 | 300.0 | -50.0 | 22.91 | -4.42 | -4.94 | -3.73 | -161.05 | -148.57 | 4.87 | 258.09 | -26.99 | 4.00 | 244.83 | -25.09 | 0.39 | 178.57 | -50.0 | 0.37 | 94.74 | -43.08 | 0.08 | -11.11 | -27.27 | 11.93 | 60.35 | 0.25 | 26.12 | 10.63 | -17.86 | -77.78 | -117.95 | -169.59 | 166.67 | 150.0 | 1044.44 | 32.71 | 38.02 | 28.58 |
| 23Q4 (17) | 0.01 | -94.44 | -90.91 | 23.97 | -10.09 | -10.43 | 6.11 | -6.14 | -29.77 | 1.36 | -90.51 | -84.49 | 1.16 | -89.92 | -83.19 | 0.14 | -91.76 | -87.72 | 0.19 | -85.82 | -78.65 | 0.09 | -18.18 | -25.0 | 7.44 | -61.37 | -42.15 | 23.61 | -43.14 | -42.43 | 433.33 | 838.89 | 351.39 | -333.33 | -719.05 | 0 | 23.70 | -9.99 | -4.82 |
| 23Q3 (16) | 0.18 | -5.26 | -25.0 | 26.66 | -3.02 | 40.24 | 6.51 | -27.42 | 578.68 | 14.33 | -4.78 | -20.43 | 11.51 | -4.8 | -20.24 | 1.70 | -11.46 | -31.17 | 1.34 | -10.67 | -34.63 | 0.11 | -8.33 | -21.43 | 19.26 | 0.57 | -13.32 | 41.52 | 39.1 | 74.23 | 46.15 | -22.46 | 700.0 | 53.85 | 33.03 | -50.0 | 26.33 | 7.25 | -3.09 |
| 23Q2 (15) | 0.19 | 137.5 | 850.0 | 27.49 | 14.07 | 122.77 | 8.97 | 16.8 | 249.0 | 15.05 | 125.64 | 540.43 | 12.09 | 126.4 | 529.69 | 1.92 | 146.15 | 638.46 | 1.50 | 130.77 | 500.0 | 0.12 | 9.09 | 9.09 | 19.15 | 60.92 | 149.02 | 29.85 | -6.13 | 42.35 | 59.52 | -46.74 | 125.51 | 40.48 | 329.37 | -87.86 | 24.55 | -3.5 | -4.84 |
| 23Q1 (14) | 0.08 | -27.27 | 60.0 | 24.10 | -9.94 | 39.55 | 7.68 | -11.72 | 9500.0 | 6.67 | -23.95 | 41.61 | 5.34 | -22.61 | 44.32 | 0.78 | -31.58 | 47.17 | 0.65 | -26.97 | 44.44 | 0.11 | -8.33 | 0.0 | 11.90 | -7.47 | 27.41 | 31.80 | -22.46 | 6.57 | 111.76 | 16.42 | 0 | -17.65 | 0 | -117.65 | 25.44 | 2.17 | -1.32 |
| 22Q4 (13) | 0.11 | -54.17 | 1000.0 | 26.76 | 40.77 | 71.65 | 8.70 | 739.71 | 1741.51 | 8.77 | -51.3 | 618.85 | 6.90 | -52.18 | 675.28 | 1.14 | -53.85 | 776.92 | 0.89 | -56.59 | 493.33 | 0.12 | -14.29 | 9.09 | 12.86 | -42.12 | 112.91 | 41.01 | 72.09 | 43.84 | 96.00 | 1348.0 | 388.0 | 0.00 | -100.0 | -100.0 | 24.90 | -8.35 | -1.46 |
| 22Q3 (12) | 0.24 | 1100.0 | 380.0 | 19.01 | 54.05 | -5.19 | -1.36 | 77.41 | -157.87 | 18.01 | 666.38 | 300.22 | 14.43 | 651.56 | 304.2 | 2.47 | 850.0 | 357.41 | 2.05 | 720.0 | 365.91 | 0.14 | 27.27 | 27.27 | 22.22 | 188.95 | 146.34 | 23.83 | 13.64 | -37.62 | -7.69 | 96.7 | -115.38 | 107.69 | -67.69 | 115.38 | 27.17 | 5.31 | 8.2 |
| 22Q2 (11) | 0.02 | -60.0 | -33.33 | 12.34 | -28.55 | -33.94 | -6.02 | -7625.0 | -357.26 | 2.35 | -50.11 | 11.37 | 1.92 | -48.11 | 14.97 | 0.26 | -50.94 | 0.0 | 0.25 | -44.44 | 4.17 | 0.11 | 0.0 | -8.33 | 7.69 | -17.67 | 16.16 | 20.97 | -29.73 | -22.42 | -233.33 | 0 | -333.33 | 333.33 | 233.33 | 2100.0 | 25.80 | 0.08 | 11.54 |
| 22Q1 (10) | 0.05 | 400.0 | -50.0 | 17.27 | 10.78 | -20.96 | 0.08 | 115.09 | -98.04 | 4.71 | 286.07 | -46.6 | 3.70 | 315.73 | -47.74 | 0.53 | 307.69 | -49.52 | 0.45 | 200.0 | -46.43 | 0.11 | 0.0 | 0.0 | 9.34 | 54.64 | -33.33 | 29.84 | 4.67 | -1.91 | 0.00 | 100.0 | -100.0 | 100.00 | -40.0 | 91.67 | 25.78 | 2.02 | 8.36 |
| 21Q4 (9) | 0.01 | -80.0 | -87.5 | 15.59 | -22.24 | -34.66 | -0.53 | -122.55 | -105.53 | 1.22 | -72.89 | -83.4 | 0.89 | -75.07 | -84.22 | 0.13 | -75.93 | -85.06 | 0.15 | -65.91 | -78.87 | 0.11 | 0.0 | -8.33 | 6.04 | -33.04 | -52.81 | 28.51 | -25.37 | -17.27 | -33.33 | -166.67 | -125.0 | 166.67 | 233.33 | 600.0 | 25.27 | 0.64 | 20.16 |
| 21Q3 (8) | 0.05 | 66.67 | 66.67 | 20.05 | 7.33 | -16.84 | 2.35 | 0.43 | -42.26 | 4.50 | 113.27 | 41.51 | 3.57 | 113.77 | 60.09 | 0.54 | 107.69 | 80.0 | 0.44 | 83.33 | 46.67 | 0.11 | -8.33 | 10.0 | 9.02 | 36.25 | -14.34 | 38.20 | 41.32 | 19.41 | 50.00 | -50.0 | -61.11 | 50.00 | 400.0 | 275.0 | 25.11 | 8.56 | -0.48 |
| 21Q2 (7) | 0.03 | -70.0 | -40.0 | 18.68 | -14.51 | -14.43 | 2.34 | -42.79 | -33.71 | 2.11 | -76.08 | -45.62 | 1.67 | -76.41 | -51.31 | 0.26 | -75.24 | -49.02 | 0.24 | -71.43 | -48.94 | 0.12 | 9.09 | 0.0 | 6.62 | -52.75 | -37.66 | 27.03 | -11.14 | -14.84 | 100.00 | 130.0 | 12.5 | -16.67 | -131.94 | -250.0 | 23.13 | -2.77 | 0 |
| 21Q1 (6) | 0.10 | 25.0 | 433.33 | 21.85 | -8.42 | 118.72 | 4.09 | -57.31 | 136.29 | 8.82 | 20.0 | 324.43 | 7.08 | 25.53 | 301.14 | 1.05 | 20.69 | 383.78 | 0.84 | 18.31 | 520.0 | 0.11 | -8.33 | 37.5 | 14.01 | 9.45 | 127.07 | 30.42 | -11.72 | 61.38 | 43.48 | -67.39 | -85.51 | 52.17 | 256.52 | 126.09 | 23.79 | 13.12 | 0 |
| 20Q4 (5) | 0.08 | 166.67 | 300.0 | 23.86 | -1.04 | 29.25 | 9.58 | 135.38 | 188.55 | 7.35 | 131.13 | 390.0 | 5.64 | 152.91 | 268.63 | 0.87 | 190.0 | 335.0 | 0.71 | 136.67 | 195.83 | 0.12 | 20.0 | 20.0 | 12.80 | 21.56 | 43.5 | 34.46 | 7.72 | -9.67 | 133.33 | 3.7 | -42.86 | -33.33 | -16.67 | 75.0 | 21.03 | -16.65 | -9.7 |
| 20Q3 (4) | 0.03 | -40.0 | 0.0 | 24.11 | 10.44 | 0.0 | 4.07 | 15.3 | 0.0 | 3.18 | -18.04 | 0.0 | 2.23 | -34.99 | 0.0 | 0.30 | -41.18 | 0.0 | 0.30 | -36.17 | 0.0 | 0.10 | -16.67 | 0.0 | 10.53 | -0.85 | 0.0 | 31.99 | 0.79 | 0.0 | 128.57 | 44.64 | 0.0 | -28.57 | -357.14 | 0.0 | 25.23 | 0 | 0.0 |
| 20Q2 (3) | 0.05 | 266.67 | 0.0 | 21.83 | 118.52 | 0.0 | 3.53 | 131.32 | 0.0 | 3.88 | 198.73 | 0.0 | 3.43 | 197.44 | 0.0 | 0.51 | 237.84 | 0.0 | 0.47 | 335.0 | 0.0 | 0.12 | 50.0 | 0.0 | 10.62 | 72.12 | 0.0 | 31.74 | 68.38 | 0.0 | 88.89 | -70.37 | 0.0 | 11.11 | 105.56 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.03 | -250.0 | 0.0 | 9.99 | -45.88 | 0.0 | -11.27 | -439.46 | 0.0 | -3.93 | -362.0 | 0.0 | -3.52 | -330.07 | 0.0 | -0.37 | -285.0 | 0.0 | -0.20 | -183.33 | 0.0 | 0.08 | -20.0 | 0.0 | 6.17 | -30.83 | 0.0 | 18.85 | -50.59 | 0.0 | 300.00 | 28.57 | 0.0 | -200.00 | -50.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 18.46 | 0.0 | 0.0 | 3.32 | 0.0 | 0.0 | 1.50 | 0.0 | 0.0 | 1.53 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 8.92 | 0.0 | 0.0 | 38.15 | 0.0 | 0.0 | 233.33 | 0.0 | 0.0 | -133.33 | 0.0 | 0.0 | 23.29 | 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) | 0.46 | 6.98 | 25.69 | 34.01 | 7.40 | 1093.55 | 4.03 | 1.55 | 9.90 | 11.49 | 7.96 | 12.43 | 4.57 | 6.28 | 3.75 | 12.61 | 0.44 | -2.22 | 14.93 | 11.33 | 23.61 | -42.43 | 74.26 | 897.17 | 24.75 | -73.56 | 0.18 | -15.1 | 25.06 | -3.36 |
| 2022 (9) | 0.43 | 115.0 | 19.17 | 0.79 | 0.62 | -69.76 | 3.97 | -4.55 | 8.88 | 116.06 | 7.08 | 117.18 | 4.30 | 113.93 | 3.33 | 95.88 | 0.45 | -4.26 | 13.41 | 51.01 | 41.01 | 43.84 | 7.45 | -85.11 | 93.62 | 87.23 | 0.21 | -32.07 | 25.93 | 6.62 |
| 2021 (8) | 0.20 | 66.67 | 19.02 | -8.25 | 2.05 | -21.76 | 4.15 | -32.32 | 4.11 | 26.85 | 3.26 | 32.52 | 2.01 | 57.03 | 1.70 | 42.86 | 0.47 | 23.68 | 8.88 | -14.53 | 28.51 | -17.27 | 50.00 | -38.64 | 50.00 | 170.0 | 0.31 | -23.95 | 24.32 | 2.36 |
| 2020 (7) | 0.12 | 0 | 20.73 | 66.24 | 2.62 | 0 | 6.14 | -16.13 | 3.24 | 0 | 2.46 | 0 | 1.28 | 0 | 1.19 | 0 | 0.38 | 5.56 | 10.39 | 103.73 | 34.46 | -9.67 | 81.48 | -37.82 | 18.52 | 0 | 0.40 | 342.97 | 23.76 | -9.14 |
| 2019 (6) | -0.15 | 0 | 12.47 | -29.59 | -4.98 | 0 | 7.32 | 59.31 | -3.83 | 0 | -3.28 | 0 | -1.55 | 0 | -0.73 | 0 | 0.36 | -10.0 | 5.10 | -28.47 | 38.15 | 51.81 | 131.03 | 0 | -31.03 | 0 | 0.09 | -6.44 | 26.15 | 11.23 |
| 2018 (5) | 0.06 | -33.33 | 17.71 | -24.38 | -2.03 | 0 | 4.59 | 5.56 | 1.50 | -40.71 | 1.21 | -34.95 | 0.60 | -33.33 | 0.74 | -26.0 | 0.40 | 2.56 | 7.13 | -9.75 | 25.13 | 9.98 | -141.67 | 0 | 241.67 | 0 | 0.10 | 0 | 23.51 | -0.38 |
| 2017 (4) | 0.09 | -78.05 | 23.42 | 1.47 | 5.72 | -4.03 | 4.35 | 1.9 | 2.53 | -72.74 | 1.86 | -73.54 | 0.90 | -77.22 | 1.00 | -69.33 | 0.39 | -9.3 | 7.90 | -45.02 | 22.85 | -23.19 | 227.27 | 257.68 | -127.27 | 0 | 0.00 | 0 | 23.60 | -0.21 |
| 2016 (3) | 0.41 | 0.0 | 23.08 | 28.29 | 5.96 | 190.73 | 4.27 | -24.53 | 9.28 | 35.67 | 7.03 | 1.01 | 3.95 | -5.5 | 3.26 | -3.55 | 0.43 | -4.44 | 14.37 | 8.05 | 29.75 | -3.22 | 63.54 | 107.95 | 35.42 | -50.0 | 0.00 | 0 | 23.65 | -5.51 |
| 2015 (2) | 0.41 | 0 | 17.99 | 18.59 | 2.05 | 0 | 5.66 | -29.53 | 6.84 | 0 | 6.96 | 0 | 4.18 | 0 | 3.38 | 0 | 0.45 | -11.76 | 13.30 | 0 | 30.74 | -10.82 | 30.56 | 439.81 | 70.83 | -24.92 | 0.00 | 0 | 25.03 | -4.97 |
| 2014 (1) | -0.65 | 0 | 15.17 | 0 | -0.50 | 0 | 8.03 | -15.07 | -8.72 | 0 | -9.49 | 0 | -6.49 | 0 | -4.60 | 0 | 0.51 | 4.08 | 0.00 | 0 | 34.47 | -4.17 | 5.66 | -84.91 | 94.34 | 50.94 | 0.00 | 0 | 26.34 | 3.74 |
