- 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) | 0.00 | 100.0 | -100.0 | 10.72 | -22.43 | -45.64 | 1.31 | -16.56 | -90.04 | -3.05 | 7.58 | -134.39 | -3.80 | 35.7 | -151.84 | -0.29 | 14.71 | -126.13 | 0.03 | 0.0 | -95.38 | 0.03 | 0.0 | -50.0 | 11.40 | -34.07 | -33.06 | 118.90 | -5.43 | -8.71 | -41.86 | 11.05 | -128.19 | 141.86 | -5.43 | 392.59 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.04 | -133.33 | -200.0 | 13.82 | -46.7 | 7.63 | 1.57 | -90.36 | -74.14 | -3.30 | -128.87 | -251.38 | -5.91 | -174.25 | -579.31 | -0.34 | -150.75 | -209.09 | 0.03 | -93.48 | -75.0 | 0.03 | -25.0 | -40.0 | 17.29 | -32.09 | 53.01 | 125.73 | 4.58 | -9.38 | -47.06 | -133.0 | -117.01 | 150.00 | 452.08 | 184.94 | 23.00 | 38.47 | 105.72 |
| 24Q1 (18) | 0.12 | 140.0 | 1300.0 | 25.93 | 76.27 | 120.68 | 16.29 | 173.78 | 401.23 | 11.43 | 182.92 | 2697.73 | 7.96 | 349.72 | 393.73 | 0.67 | 346.67 | 391.3 | 0.46 | 91.67 | 820.0 | 0.04 | 0.0 | 0.0 | 25.46 | 37.03 | 115.76 | 120.22 | -8.87 | -12.29 | 142.60 | -3.86 | 117.83 | -42.60 | 11.85 | -104.73 | 16.61 | 0.42 | 4.4 |
| 23Q4 (17) | 0.05 | -80.0 | 225.0 | 14.71 | -25.41 | 174.95 | 5.95 | -54.75 | 306.6 | 4.04 | -54.45 | 151.14 | 1.77 | -75.85 | 128.27 | 0.15 | -86.49 | 124.59 | 0.24 | -63.08 | 271.43 | 0.04 | -33.33 | 0.0 | 18.58 | 9.1 | 926.52 | 131.92 | 1.29 | -4.27 | 148.33 | -0.1 | 304.83 | -48.33 | 0.31 | -176.29 | 16.54 | 79.78 | 22.07 |
| 23Q3 (16) | 0.25 | 525.0 | 412.5 | 19.72 | 53.58 | 908.2 | 13.15 | 116.64 | 245.79 | 8.87 | 306.88 | 177.13 | 7.33 | 942.53 | 160.63 | 1.11 | 1109.09 | 200.0 | 0.65 | 441.67 | 275.68 | 0.06 | 20.0 | 50.0 | 17.03 | 50.71 | 1580.87 | 130.24 | -6.13 | -1.88 | 148.48 | -46.32 | 89.27 | -48.48 | 72.54 | -325.02 | 9.20 | -17.71 | -31.29 |
| 23Q2 (15) | 0.04 | 500.0 | -69.23 | 12.84 | 9.28 | -37.4 | 6.07 | 86.77 | -47.26 | 2.18 | 595.45 | -69.89 | -0.87 | 67.9 | -119.08 | -0.11 | 52.17 | -125.0 | 0.12 | 140.0 | -60.0 | 0.05 | 25.0 | 25.0 | 11.30 | -4.24 | -33.14 | 138.75 | 1.23 | 6.69 | 276.60 | 134.57 | 73.78 | -176.60 | -119.62 | -198.47 | 11.18 | -29.73 | -13.0 |
| 23Q1 (14) | -0.01 | 75.0 | -116.67 | 11.75 | 119.63 | -48.78 | 3.25 | 212.85 | -76.0 | -0.44 | 94.43 | -104.61 | -2.71 | 56.71 | -142.28 | -0.23 | 62.3 | -144.23 | 0.05 | 135.71 | -84.85 | 0.04 | 0.0 | 0.0 | 11.80 | 551.93 | -42.83 | 137.06 | -0.54 | 6.57 | -800.00 | -2283.33 | -662.5 | 900.00 | 1320.48 | 2231.58 | 15.91 | 17.42 | 2.84 |
| 22Q4 (13) | -0.04 | 50.0 | -111.11 | 5.35 | 319.26 | -79.01 | -2.88 | 68.07 | -108.36 | -7.90 | 31.3 | -168.76 | -6.26 | 48.22 | -191.65 | -0.61 | 45.05 | -181.33 | -0.14 | 62.16 | -133.33 | 0.04 | 0.0 | -20.0 | 1.81 | 257.39 | -91.31 | 137.80 | 3.82 | 2.94 | 36.64 | -53.3 | -87.79 | 63.36 | 194.05 | 131.68 | 13.55 | 1.19 | 14.25 |
| 22Q3 (12) | -0.08 | -161.54 | -180.0 | -2.44 | -111.9 | -112.07 | -9.02 | -178.37 | -183.06 | -11.50 | -258.84 | -228.64 | -12.09 | -365.13 | -323.89 | -1.11 | -352.27 | -370.73 | -0.37 | -223.33 | -232.14 | 0.04 | 0.0 | 33.33 | -1.15 | -106.8 | -105.03 | 132.73 | 2.06 | -8.3 | 78.45 | -50.71 | -35.81 | 21.55 | 136.42 | 200.84 | 13.39 | 4.2 | -7.97 |
| 22Q2 (11) | 0.13 | 116.67 | 285.71 | 20.51 | -10.59 | 199.42 | 11.51 | -14.99 | 650.72 | 7.24 | -24.11 | 213.48 | 4.56 | -28.86 | 146.39 | 0.44 | -15.38 | 172.13 | 0.30 | -9.09 | 350.0 | 0.04 | 0.0 | 100.0 | 16.90 | -18.12 | 63.44 | 130.05 | 1.12 | -14.29 | 159.17 | 11.91 | 384.42 | -59.17 | -40.13 | -188.12 | 12.85 | -16.94 | -25.51 |
| 22Q1 (10) | 0.06 | -83.33 | 100.0 | 22.94 | -10.0 | 3.24 | 13.54 | -60.72 | -1.02 | 9.54 | -16.97 | 7.31 | 6.41 | -6.15 | 4.91 | 0.52 | -30.67 | 6.12 | 0.33 | -21.43 | 3.13 | 0.04 | -20.0 | 33.33 | 20.64 | -0.86 | -4.93 | 128.61 | -3.93 | -12.21 | 142.22 | -52.59 | -7.59 | -42.22 | 78.89 | 21.67 | 15.47 | 30.44 | 1.91 |
| 21Q4 (9) | 0.36 | 260.0 | 800.0 | 25.49 | 26.06 | 97.75 | 34.47 | 217.4 | 455.97 | 11.49 | 28.52 | 165.36 | 6.83 | 26.48 | 391.88 | 0.75 | 82.93 | 388.46 | 0.42 | 50.0 | 2000.0 | 0.05 | 66.67 | 0.0 | 20.82 | -8.88 | 68.17 | 133.87 | -7.51 | -7.39 | 300.00 | 145.45 | 110.0 | -200.00 | -836.0 | -366.67 | 11.86 | -18.49 | 45.34 |
| 21Q3 (8) | 0.10 | 242.86 | 66.67 | 20.22 | 195.18 | 33.91 | 10.86 | 619.62 | 25.84 | 8.94 | 240.13 | 31.28 | 5.40 | 154.93 | 55.17 | 0.41 | 167.21 | 32.26 | 0.28 | 333.33 | 7.69 | 0.03 | 50.0 | -25.0 | 22.85 | 120.99 | 41.66 | 144.74 | -4.61 | 4.1 | 122.22 | 271.98 | -3.84 | -21.37 | -131.82 | 21.16 | 14.55 | -15.65 | 51.4 |
| 21Q2 (7) | -0.07 | -333.33 | -240.0 | 6.85 | -69.17 | -58.88 | -2.09 | -115.28 | -119.77 | -6.38 | -171.77 | -190.37 | -9.83 | -260.88 | -341.52 | -0.61 | -224.49 | -256.41 | -0.12 | -137.5 | -141.38 | 0.02 | -33.33 | -50.0 | 10.34 | -52.37 | -34.85 | 151.73 | 3.58 | 9.87 | 32.86 | -78.65 | -78.16 | 67.14 | 224.55 | 235.44 | 17.25 | 13.64 | 0 |
| 21Q1 (6) | 0.03 | -25.0 | 400.0 | 22.22 | 72.38 | 1.51 | 13.68 | 120.65 | 0.44 | 8.89 | 105.31 | 24.68 | 6.11 | 361.11 | 73.09 | 0.49 | 288.46 | 88.46 | 0.32 | 1500.0 | 33.33 | 0.03 | -40.0 | 0.0 | 21.71 | 75.36 | 19.48 | 146.49 | 1.34 | 13.22 | 153.91 | 7.73 | -19.13 | -53.91 | -25.78 | 40.32 | 15.18 | 86.03 | 0 |
| 20Q4 (5) | 0.04 | -33.33 | -55.56 | 12.89 | -14.64 | -48.85 | 6.20 | -28.16 | -66.21 | 4.33 | -36.42 | -60.74 | -2.34 | -167.24 | -133.33 | -0.26 | -183.87 | -143.33 | 0.02 | -92.31 | -94.87 | 0.05 | 25.0 | 25.0 | 12.38 | -23.25 | -39.67 | 144.55 | 3.96 | 13.01 | 142.86 | 12.39 | -13.77 | -42.86 | -58.13 | 35.32 | 8.16 | -15.09 | 0 |
| 20Q3 (4) | 0.06 | 20.0 | 0.0 | 15.10 | -9.36 | 0.0 | 8.63 | -18.35 | 0.0 | 6.81 | -3.54 | 0.0 | 3.48 | -14.5 | 0.0 | 0.31 | -20.51 | 0.0 | 0.26 | -10.34 | 0.0 | 0.04 | 0.0 | 0.0 | 16.13 | 1.64 | 0.0 | 139.04 | 0.68 | 0.0 | 127.10 | -15.51 | 0.0 | -27.10 | 45.33 | 0.0 | 9.61 | 0 | 0.0 |
| 20Q2 (3) | 0.05 | 600.0 | 0.0 | 16.66 | -23.89 | 0.0 | 10.57 | -22.39 | 0.0 | 7.06 | -0.98 | 0.0 | 4.07 | 15.3 | 0.0 | 0.39 | 50.0 | 0.0 | 0.29 | 20.83 | 0.0 | 0.04 | 33.33 | 0.0 | 15.87 | -12.66 | 0.0 | 138.10 | 6.73 | 0.0 | 150.43 | -20.96 | 0.0 | -49.57 | 45.12 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.01 | -111.11 | 0.0 | 21.89 | -13.13 | 0.0 | 13.62 | -25.78 | 0.0 | 7.13 | -35.36 | 0.0 | 3.53 | -49.72 | 0.0 | 0.26 | -56.67 | 0.0 | 0.24 | -38.46 | 0.0 | 0.03 | -25.0 | 0.0 | 18.17 | -11.45 | 0.0 | 129.39 | 1.16 | 0.0 | 190.32 | 14.89 | 0.0 | -90.32 | -36.3 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.09 | 0.0 | 0.0 | 25.20 | 0.0 | 0.0 | 18.35 | 0.0 | 0.0 | 11.03 | 0.0 | 0.0 | 7.02 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 20.52 | 0.0 | 0.0 | 127.91 | 0.0 | 0.0 | 165.66 | 0.0 | 0.0 | -66.27 | 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) | 0.33 | 450.0 | 15.32 | 35.1 | 7.91 | 158.5 | 4.02 | -1.69 | 4.31 | 0 | 2.06 | 0 | 0.93 | 0 | 1.07 | 791.67 | 0.19 | 18.75 | 14.74 | 58.84 | 131.92 | -4.27 | 183.43 | 0 | -83.73 | 0 | 5.59 | -4.5 | 12.45 | -9.52 |
| 2022 (9) | 0.06 | -85.71 | 11.34 | -43.07 | 3.06 | -81.89 | 4.09 | -26.07 | -0.91 | 0 | -2.03 | 0 | -0.75 | 0 | 0.12 | -86.81 | 0.16 | 14.29 | 9.28 | -52.48 | 137.80 | 2.94 | -338.60 | 0 | 438.60 | 0 | 5.85 | -4.75 | 13.76 | -3.98 |
| 2021 (8) | 0.42 | 200.0 | 19.92 | 22.96 | 16.90 | 79.79 | 5.54 | 88.46 | 6.86 | 10.65 | 3.15 | 65.79 | 1.03 | 49.28 | 0.91 | 15.19 | 0.14 | -6.67 | 19.53 | 27.4 | 133.87 | -7.39 | 246.45 | 62.54 | -146.45 | 0 | 6.14 | -0.46 | 14.33 | 46.67 |
| 2020 (7) | 0.14 | -87.5 | 16.20 | -38.26 | 9.40 | -49.02 | 2.94 | 23.59 | 6.20 | -58.72 | 1.90 | -84.41 | 0.69 | -87.39 | 0.79 | -72.95 | 0.15 | -25.0 | 15.33 | -30.25 | 144.55 | 13.01 | 151.62 | 23.46 | -51.62 | 0 | 6.17 | 2.98 | 9.77 | 17.85 |
| 2019 (6) | 1.12 | 1020.0 | 26.24 | 38.98 | 18.44 | 54.44 | 2.38 | -2.29 | 15.02 | 71.85 | 12.19 | 212.56 | 5.47 | 311.28 | 2.92 | 178.1 | 0.20 | 25.0 | 21.98 | 37.89 | 127.91 | 1.22 | 122.81 | -10.02 | -22.81 | 0 | 5.99 | 28.91 | 8.29 | -14.18 |
| 2018 (5) | 0.10 | -89.36 | 18.88 | -30.84 | 11.94 | -44.15 | 2.43 | 17.97 | 8.74 | -55.43 | 3.90 | -75.73 | 1.33 | -74.95 | 1.05 | -64.16 | 0.16 | 0.0 | 15.94 | -35.8 | 126.37 | 18.77 | 136.49 | 25.11 | -36.49 | 0 | 4.65 | 0 | 9.66 | 6.98 |
| 2017 (4) | 0.94 | 422.22 | 27.30 | -22.22 | 21.38 | -0.6 | 2.06 | -20.22 | 19.61 | 24.59 | 16.07 | 37.35 | 5.31 | 178.01 | 2.93 | 130.71 | 0.16 | 100.0 | 24.83 | 1.76 | 106.40 | 4.7 | 109.09 | -20.29 | -9.09 | 0 | 0.00 | 0 | 9.03 | -31.9 |
| 2016 (3) | 0.18 | -5.26 | 35.10 | -15.97 | 21.51 | -8.35 | 2.58 | -35.16 | 15.74 | -16.23 | 11.70 | -3.23 | 1.91 | 27.33 | 1.27 | 14.41 | 0.08 | 33.33 | 24.40 | -22.59 | 101.62 | -0.51 | 136.85 | 9.36 | -36.62 | 0 | 0.00 | 0 | 13.26 | -26.58 |
| 2015 (2) | 0.19 | -88.34 | 41.77 | 37.36 | 23.47 | 4.54 | 3.99 | 244.38 | 18.79 | -13.73 | 12.09 | -39.06 | 1.50 | -83.09 | 1.11 | -75.92 | 0.06 | -71.43 | 31.52 | 23.17 | 102.14 | -0.98 | 125.14 | 21.43 | -24.86 | 0 | 0.00 | 0 | 18.06 | 246.64 |
| 2014 (1) | 1.63 | 68.04 | 30.41 | 0 | 22.45 | 0 | 1.16 | -55.24 | 21.78 | 0 | 19.84 | 0 | 8.87 | 0 | 4.61 | 0 | 0.21 | 133.33 | 25.59 | -33.43 | 103.15 | -12.53 | 103.06 | -6.49 | -3.13 | 0 | 0.00 | 0 | 5.21 | -43.55 |
