- 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 | -44.44 | 138.46 | 11.98 | -15.28 | 80.69 | 2.07 | 162.03 | 124.7 | -1.46 | -136.5 | 80.89 | 1.68 | -61.11 | 123.97 | 0.45 | -47.06 | 136.89 | 0.43 | -31.75 | 182.69 | 0.17 | 41.67 | 70.0 | 1.18 | -85.52 | 148.36 | 58.66 | -5.03 | -25.55 | -125.00 | -975.0 | -207.14 | 225.00 | 162.5 | 2800.0 | 14.56 | -30.0 | -31.35 |
| 24Q2 (19) | 0.09 | 550.0 | -88.31 | 14.14 | 61.05 | 3.59 | 0.79 | 119.22 | 538.89 | 4.00 | 4100.0 | -89.01 | 4.32 | 463.03 | -82.5 | 0.85 | 469.57 | -89.02 | 0.63 | 3250.0 | -85.87 | 0.12 | 0.0 | -29.41 | 8.15 | 106.33 | -79.45 | 61.77 | -3.74 | -24.73 | 14.29 | 0 | 1585.71 | 85.71 | 0 | -14.29 | 20.80 | 8.96 | 35.86 |
| 24Q1 (18) | -0.02 | 90.91 | -100.0 | 8.78 | 2041.46 | -33.79 | -4.11 | 70.11 | -263.75 | -0.10 | 99.3 | -112.66 | -1.19 | 91.19 | -197.5 | -0.23 | 89.2 | -64.29 | -0.02 | 98.17 | -133.33 | 0.12 | 33.33 | -36.84 | 3.95 | 144.38 | 0.51 | 64.17 | -7.97 | -17.91 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 19.09 | 2.63 | 48.1 |
| 23Q4 (17) | -0.22 | -69.23 | -1000.0 | 0.41 | -93.82 | -96.06 | -13.75 | -64.08 | -11558.33 | -14.28 | -86.91 | -8300.0 | -13.51 | -92.72 | -2270.18 | -2.13 | -74.59 | -826.09 | -1.09 | -109.62 | -11000.0 | 0.09 | -10.0 | -60.87 | -8.90 | -264.75 | -447.66 | 69.73 | -11.5 | -7.63 | 95.24 | -18.37 | 0 | 4.76 | 157.14 | -95.24 | 18.60 | -12.31 | 57.09 |
| 23Q3 (16) | -0.13 | -116.88 | -285.71 | 6.63 | -51.43 | -27.93 | -8.38 | -4555.56 | -1114.49 | -7.64 | -120.99 | -433.62 | -7.01 | -128.39 | -445.32 | -1.22 | -115.76 | -264.86 | -0.52 | -111.66 | -196.3 | 0.10 | -41.18 | -52.38 | -2.44 | -106.15 | -149.9 | 78.79 | -3.98 | 10.37 | 116.67 | 12233.33 | 508.33 | -8.33 | -108.33 | -105.83 | 21.21 | 38.54 | 59.83 |
| 23Q2 (15) | 0.77 | 7800.0 | 352.94 | 13.65 | 2.94 | 1.64 | -0.18 | -107.17 | -106.95 | 36.39 | 4506.33 | 561.64 | 24.69 | 6272.5 | 388.91 | 7.74 | 5628.57 | 344.83 | 4.46 | 7333.33 | 298.21 | 0.17 | -10.53 | -19.05 | 39.65 | 908.91 | 387.1 | 82.06 | 4.98 | 16.5 | -0.96 | -100.24 | -102.04 | 100.00 | 140.0 | 88.89 | 15.31 | 18.77 | 0.66 |
| 23Q1 (14) | -0.01 | 50.0 | 50.0 | 13.26 | 27.5 | -21.17 | 2.51 | 1991.67 | 81.88 | 0.79 | 564.71 | 211.27 | -0.40 | 29.82 | 57.45 | -0.14 | 39.13 | 39.13 | 0.06 | 500.0 | 175.0 | 0.19 | -17.39 | 26.67 | 3.93 | 53.52 | 43.96 | 78.17 | 3.55 | 20.13 | 400.00 | 0 | 366.67 | -250.00 | -350.0 | -200.0 | 12.89 | 8.87 | -35.23 |
| 22Q4 (13) | -0.02 | -128.57 | 50.0 | 10.40 | 13.04 | -8.05 | 0.12 | 117.39 | 148.0 | -0.17 | -107.42 | 80.68 | -0.57 | -128.08 | 54.03 | -0.23 | -131.08 | 47.73 | 0.01 | -98.15 | 104.76 | 0.23 | 9.52 | 4.55 | 2.56 | -47.65 | 53.29 | 75.49 | 5.74 | 19.79 | -0.00 | 100.0 | -100.0 | 100.00 | -30.0 | 50.0 | 11.84 | -10.78 | -23.91 |
| 22Q3 (12) | 0.07 | -58.82 | -12.5 | 9.20 | -31.5 | -31.7 | -0.69 | -126.64 | -149.29 | 2.29 | -58.36 | -1.72 | 2.03 | -59.8 | -12.88 | 0.74 | -57.47 | -12.94 | 0.54 | -51.79 | -10.0 | 0.21 | 0.0 | -8.7 | 4.89 | -39.93 | 0.41 | 71.39 | 1.35 | 22.73 | -28.57 | -160.71 | -150.0 | 142.86 | 169.84 | 233.33 | 13.27 | -12.75 | -14.05 |
| 22Q2 (11) | 0.17 | 950.0 | 240.0 | 13.43 | -20.15 | -1.97 | 2.59 | 87.68 | 29.5 | 5.50 | 874.65 | 125.41 | 5.05 | 637.23 | 258.16 | 1.74 | 856.52 | 228.3 | 1.12 | 1500.0 | 180.0 | 0.21 | 40.0 | -8.7 | 8.14 | 198.17 | 71.01 | 70.44 | 8.25 | 15.0 | 47.06 | 131.37 | -37.25 | 52.94 | -78.82 | 323.53 | 15.21 | -23.57 | 2.63 |
| 22Q1 (10) | -0.02 | 50.0 | -100.0 | 16.82 | 48.72 | 21.8 | 1.38 | 652.0 | 611.11 | -0.71 | 19.32 | -1675.0 | -0.94 | 24.19 | -203.23 | -0.23 | 47.73 | -155.56 | -0.08 | 61.9 | -900.0 | 0.15 | -31.82 | -21.05 | 2.73 | 63.47 | -1.8 | 65.07 | 3.25 | 10.55 | -150.00 | -550.0 | 0 | 250.00 | 275.0 | 0 | 19.90 | 27.89 | 16.85 |
| 21Q4 (9) | -0.04 | -150.0 | 0.0 | 11.31 | -16.04 | 15.06 | -0.25 | -117.86 | 82.88 | -0.88 | -137.77 | 6.38 | -1.24 | -153.22 | 5.34 | -0.44 | -151.76 | 4.35 | -0.21 | -135.0 | 4.55 | 0.22 | -4.35 | -4.35 | 1.67 | -65.71 | -0.6 | 63.02 | 8.34 | 20.61 | 33.33 | -41.67 | -75.0 | 66.67 | 55.56 | 200.0 | 15.56 | 0.78 | -4.6 |
| 21Q3 (8) | 0.08 | 60.0 | 133.33 | 13.47 | -1.68 | 86.57 | 1.40 | -30.0 | 120.86 | 2.33 | -4.51 | 129.72 | 2.33 | 65.25 | 129.31 | 0.85 | 60.38 | 132.57 | 0.60 | 50.0 | 137.5 | 0.23 | 0.0 | 9.52 | 4.87 | 2.31 | 202.31 | 58.17 | -5.03 | 8.81 | 57.14 | -23.81 | -33.33 | 42.86 | 242.86 | 200.0 | 15.44 | 4.18 | -4.63 |
| 21Q2 (7) | 0.05 | 600.0 | 150.0 | 13.70 | -0.8 | 30.1 | 2.00 | 840.74 | 224.22 | 2.44 | 6200.0 | 132.38 | 1.41 | 554.84 | 116.92 | 0.53 | 688.89 | 140.91 | 0.40 | 3900.0 | 60.0 | 0.23 | 21.05 | 4.55 | 4.76 | 71.22 | 14.15 | 61.25 | 4.06 | 10.12 | 75.00 | 0 | 145.0 | 12.50 | 0 | -95.31 | 14.82 | -12.98 | 0 |
| 21Q1 (6) | -0.01 | 75.0 | 83.33 | 13.81 | 40.49 | 5.5 | -0.27 | 81.51 | 94.93 | -0.04 | 95.74 | 98.65 | -0.31 | 76.34 | 89.53 | -0.09 | 80.43 | 86.76 | 0.01 | 104.55 | 103.03 | 0.19 | -17.39 | 26.67 | 2.78 | 65.48 | 175.25 | 58.86 | 12.65 | 14.05 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 17.03 | 4.41 | -20.16 |
| 20Q4 (5) | -0.04 | 83.33 | 85.19 | 9.83 | 36.15 | 8.62 | -1.46 | 78.24 | 73.31 | -0.94 | 88.01 | 84.15 | -1.31 | 83.52 | 83.81 | -0.46 | 82.38 | 83.63 | -0.22 | 86.25 | 87.43 | 0.23 | 9.52 | 0.0 | 1.68 | 135.29 | 151.69 | 52.25 | -2.26 | 2.73 | 133.33 | 55.56 | 41.18 | -66.67 | -566.67 | -1300.0 | 16.31 | 0.74 | 0 |
| 20Q3 (4) | -0.24 | -1300.0 | 0.0 | 7.22 | -31.43 | 0.0 | -6.71 | -316.77 | 0.0 | -7.84 | -846.67 | 0.0 | -7.95 | -1323.08 | 0.0 | -2.61 | -1286.36 | 0.0 | -1.60 | -740.0 | 0.0 | 0.21 | -4.55 | 0.0 | -4.76 | -214.15 | 0.0 | 53.46 | -3.88 | 0.0 | 85.71 | 151.43 | 0.0 | 14.29 | -94.64 | 0.0 | 16.19 | 0 | 0.0 |
| 20Q2 (3) | 0.02 | 133.33 | 0.0 | 10.53 | -19.56 | 0.0 | -1.61 | 69.79 | 0.0 | 1.05 | 135.47 | 0.0 | 0.65 | 121.96 | 0.0 | 0.22 | 132.35 | 0.0 | 0.25 | 175.76 | 0.0 | 0.22 | 46.67 | 0.0 | 4.17 | 312.87 | 0.0 | 55.62 | 7.77 | 0.0 | -166.67 | -190.91 | 0.0 | 266.67 | 420.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.06 | 77.78 | 0.0 | 13.09 | 44.64 | 0.0 | -5.33 | 2.56 | 0.0 | -2.96 | 50.08 | 0.0 | -2.96 | 63.41 | 0.0 | -0.68 | 75.8 | 0.0 | -0.33 | 81.14 | 0.0 | 0.15 | -34.78 | 0.0 | 1.01 | 131.08 | 0.0 | 51.61 | 1.47 | 0.0 | 183.33 | 94.12 | 0.0 | -83.33 | -1600.0 | 0.0 | 21.33 | 0 | 0.0 |
| 19Q4 (1) | -0.27 | 0.0 | 0.0 | 9.05 | 0.0 | 0.0 | -5.47 | 0.0 | 0.0 | -5.93 | 0.0 | 0.0 | -8.09 | 0.0 | 0.0 | -2.81 | 0.0 | 0.0 | -1.75 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | -3.25 | 0.0 | 0.0 | 50.86 | 0.0 | 0.0 | 94.44 | 0.0 | 0.0 | 5.56 | 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) | 0.41 | 105.0 | 10.09 | -15.99 | -2.97 | 0 | 2.55 | 14.02 | 8.09 | 339.67 | 4.22 | 181.33 | 4.23 | 104.35 | 3.07 | 87.2 | 0.58 | -29.27 | 11.99 | 153.49 | 69.73 | -7.63 | -36.99 | 0 | 136.99 | 131.82 | 0.00 | 0 | 16.10 | 10.65 |
| 2022 (9) | 0.20 | 150.0 | 12.01 | -7.97 | 0.76 | -2.56 | 2.24 | 5.22 | 1.84 | 78.64 | 1.50 | 145.9 | 2.07 | 146.43 | 1.64 | 102.47 | 0.82 | -6.82 | 4.73 | 32.49 | 75.49 | 19.79 | 40.91 | -45.45 | 59.09 | 136.36 | 0.00 | 0 | 14.55 | -6.97 |
| 2021 (8) | 0.08 | 0 | 13.05 | 31.02 | 0.78 | 0 | 2.13 | -16.86 | 1.03 | 0 | 0.61 | 0 | 0.84 | 0 | 0.81 | 0 | 0.88 | 7.32 | 3.57 | 526.32 | 63.02 | 20.61 | 75.00 | -46.71 | 25.00 | 0 | 0.00 | 0 | 15.64 | -8.27 |
| 2020 (7) | -0.32 | 0 | 9.96 | 1.84 | -3.58 | 0 | 2.56 | 12.79 | -2.56 | 0 | -2.80 | 0 | -3.46 | 0 | -1.89 | 0 | 0.82 | -5.75 | 0.57 | -41.24 | 52.25 | 2.73 | 140.74 | -23.23 | -40.74 | 0 | 0.00 | 0 | 17.05 | -0.58 |
| 2019 (6) | -0.43 | 0 | 9.78 | -21.88 | -3.56 | 0 | 2.27 | 39.5 | -1.94 | 0 | -3.19 | 0 | -4.05 | 0 | -2.31 | 0 | 0.87 | -13.86 | 0.97 | -93.0 | 50.86 | 24.41 | 183.33 | 2217.86 | -83.33 | 0 | 0.00 | 0 | 17.15 | 11.22 |
| 2018 (5) | 1.84 | 0 | 12.52 | 3.13 | 0.94 | -47.19 | 1.63 | -28.77 | 11.54 | 3396.97 | 10.96 | 0 | 16.53 | 0 | 11.61 | 0 | 1.01 | -9.82 | 13.86 | 338.61 | 40.88 | -28.83 | 7.91 | -98.42 | 92.09 | 0 | 0.00 | 0 | 15.42 | 2.46 |
| 2017 (4) | -0.14 | 0 | 12.14 | -8.31 | 1.78 | -11.44 | 2.28 | -11.37 | 0.33 | -93.04 | -0.75 | 0 | -1.31 | 0 | -0.37 | 0 | 1.12 | 5.66 | 3.16 | -59.75 | 57.44 | 5.7 | 500.00 | 1096.97 | -416.67 | 0 | 0.00 | 0 | 15.05 | -6.58 |
| 2016 (3) | 0.73 | 0 | 13.24 | 66.12 | 2.01 | 0 | 2.58 | -12.45 | 4.74 | 0 | 4.03 | 0 | 6.61 | 0 | 4.70 | 0 | 1.06 | -7.02 | 7.85 | 210.28 | 54.34 | -2.46 | 41.77 | -70.6 | 58.23 | 0 | 0.00 | 0 | 16.11 | 9.29 |
| 2015 (2) | -0.29 | 0 | 7.97 | 5.56 | -1.39 | 0 | 2.94 | -13.6 | -0.98 | 0 | -1.39 | 0 | -2.54 | 0 | -1.11 | 0 | 1.14 | -1.72 | 2.53 | 216.25 | 55.71 | -12.52 | 142.11 | 188.65 | -42.11 | 0 | 0.00 | 0 | 14.74 | 10.83 |
| 2014 (1) | -0.76 | 0 | 7.55 | 0 | -1.51 | 0 | 3.41 | -25.22 | -3.05 | 0 | -3.28 | 0 | -6.30 | 0 | -3.43 | 0 | 1.16 | 4.5 | 0.80 | 0 | 63.68 | -5.69 | 49.23 | -52.45 | 50.77 | 0 | 0.00 | 0 | 13.30 | -2.42 |
