- 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) | -0.12 | -122.22 | -185.71 | 16.55 | -4.99 | 669.77 | -3.48 | 60.85 | 86.38 | -8.50 | -115.79 | -157.2 | -8.51 | -115.82 | -157.35 | -1.20 | -120.48 | -176.92 | -0.84 | -118.46 | -165.12 | 0.11 | 37.5 | 37.5 | -5.56 | -109.73 | -136.15 | 30.56 | -1.26 | 12.64 | 50.00 | 450.0 | 133.33 | 50.00 | -61.11 | -80.0 | 13.07 | -24.97 | -21.6 |
| 24Q2 (19) | 0.54 | 92.86 | 2800.0 | 17.42 | -16.01 | 144.66 | -8.89 | 62.97 | 63.76 | 53.84 | 19.62 | 3403.07 | 53.79 | 19.61 | 3379.88 | 5.86 | 83.12 | 3355.56 | 4.55 | 82.0 | 6600.0 | 0.08 | 60.0 | 0.0 | 57.14 | 28.58 | 0 | 30.95 | -1.15 | 10.26 | -14.29 | 71.43 | 0 | 128.57 | -14.29 | 0 | 17.42 | -38.88 | -11.35 |
| 24Q1 (18) | 0.28 | 170.0 | 207.69 | 20.74 | 1.72 | 77.57 | -24.01 | -22.94 | 3.54 | 45.01 | 178.4 | 256.67 | 44.97 | 178.95 | 256.31 | 3.20 | 171.59 | 212.28 | 2.50 | 174.18 | 232.98 | 0.05 | -16.67 | -28.57 | 44.44 | 188.88 | 277.76 | 31.31 | -4.07 | 6.9 | -50.00 | -225.0 | -166.67 | 150.00 | 87.5 | 0 | 28.50 | 17.43 | 20.71 |
| 23Q4 (17) | -0.40 | -385.71 | -81.82 | 20.39 | 848.37 | 72.21 | -19.53 | 23.59 | -92.79 | -57.41 | -486.34 | -260.84 | -56.96 | -483.83 | -265.13 | -4.47 | -386.54 | -90.21 | -3.37 | -361.24 | -145.99 | 0.06 | -25.0 | -40.0 | -50.00 | -425.1 | -374.83 | 32.64 | 20.31 | -39.87 | 40.00 | 126.67 | -40.0 | 80.00 | -68.0 | 140.0 | 24.27 | 45.59 | 78.19 |
| 23Q3 (16) | 0.14 | 800.0 | 1500.0 | 2.15 | -69.8 | -65.65 | -25.56 | -4.2 | -197.9 | 14.86 | 1011.66 | 476.2 | 14.84 | 1004.88 | 472.86 | 1.56 | 966.67 | 285.71 | 1.29 | 1942.86 | 439.47 | 0.08 | 0.0 | -42.86 | 15.38 | 0 | 0 | 27.13 | -3.35 | -54.65 | -150.00 | 0 | -175.0 | 250.00 | 0 | 350.0 | 16.67 | -15.17 | 78.1 |
| 23Q2 (15) | -0.02 | 92.31 | 33.33 | 7.12 | -39.04 | -14.01 | -24.53 | 1.45 | -53.31 | -1.63 | 94.33 | 89.09 | -1.64 | 94.3 | 88.95 | -0.18 | 93.68 | 90.58 | -0.07 | 96.28 | 93.58 | 0.08 | 14.29 | 0.0 | 0.00 | 100.0 | 100.0 | 28.07 | -4.17 | -45.9 | 0.00 | -100.0 | -100.0 | 0.00 | 0 | 0 | 19.65 | -16.77 | 10.83 |
| 23Q1 (14) | -0.26 | -18.18 | -420.0 | 11.68 | -1.35 | 194.95 | -24.89 | -145.71 | 10.31 | -28.73 | -80.58 | 5.18 | -28.77 | -84.42 | 5.05 | -2.85 | -21.28 | 7.77 | -1.88 | -37.23 | -5.03 | 0.07 | -30.0 | 16.67 | -25.00 | -137.42 | -16.66 | 29.29 | -46.04 | -47.44 | 75.00 | 12.5 | -25.0 | -0.00 | -100.0 | 0 | 23.61 | 73.35 | 6.54 |
| 22Q4 (13) | -0.22 | -2100.0 | -450.0 | 11.84 | 89.14 | 5.06 | -10.13 | -18.07 | 70.5 | -15.91 | -302.78 | 57.7 | -15.60 | -291.96 | 58.15 | -2.35 | -179.76 | 10.65 | -1.37 | -260.53 | 9.87 | 0.10 | -28.57 | 150.0 | -10.53 | 0 | 64.9 | 54.28 | -9.26 | -10.07 | 66.67 | -66.67 | -11.11 | 33.33 | 133.33 | 0 | 13.62 | 45.51 | -57.32 |
| 22Q3 (12) | -0.01 | 66.67 | -112.5 | 6.26 | -24.4 | -80.5 | -8.58 | 46.38 | 80.08 | -3.95 | 73.56 | -102.28 | -3.98 | 73.18 | -102.3 | -0.84 | 56.02 | -115.44 | -0.38 | 65.14 | -110.64 | 0.14 | 75.0 | 600.0 | 0.00 | 100.0 | -100.0 | 59.82 | 15.28 | 8.74 | 200.00 | 100.0 | 800.0 | -100.00 | 0 | -177.78 | 9.36 | -47.21 | -87.17 |
| 22Q2 (11) | -0.03 | 40.0 | 25.0 | 8.28 | 109.09 | -57.03 | -16.00 | 42.34 | 69.73 | -14.94 | 50.69 | 74.13 | -14.84 | 51.02 | 74.1 | -1.91 | 38.19 | 27.38 | -1.09 | 39.11 | 27.81 | 0.08 | 33.33 | 166.67 | -11.76 | 45.12 | 76.48 | 51.89 | -6.89 | -16.94 | 100.00 | 0.0 | 33.33 | -0.00 | 0 | 0 | 17.73 | -19.99 | -65.1 |
| 22Q1 (10) | -0.05 | -25.0 | 0.0 | 3.96 | -64.86 | -83.38 | -27.75 | 19.19 | 72.0 | -30.30 | 19.44 | 71.44 | -30.30 | 18.72 | 71.54 | -3.09 | -17.49 | -3.0 | -1.79 | -17.76 | 0.0 | 0.06 | 50.0 | 200.0 | -21.43 | 28.57 | 78.57 | 55.73 | -7.67 | -4.78 | 100.00 | 33.33 | 0.0 | -0.00 | 0 | 0 | 22.16 | -30.55 | -73.35 |
| 21Q4 (9) | -0.04 | -150.0 | 98.24 | 11.27 | -64.9 | -51.82 | -34.34 | 20.29 | 99.02 | -37.61 | -121.68 | 99.06 | -37.28 | -121.52 | 99.07 | -2.63 | -148.35 | 97.56 | -1.52 | -142.58 | 96.87 | 0.04 | 100.0 | 300.0 | -30.00 | -115.0 | 99.31 | 60.36 | 9.73 | 8.78 | 75.00 | 362.5 | -14.66 | -0.00 | -100.0 | -100.0 | 31.91 | -56.26 | -67.82 |
| 21Q3 (8) | 0.08 | 300.0 | 180.0 | 32.11 | 66.63 | 25.82 | -43.08 | 18.49 | 62.33 | 173.46 | 400.31 | 217.49 | 173.25 | 402.36 | 216.97 | 5.44 | 306.84 | 202.45 | 3.57 | 336.42 | 356.83 | 0.02 | -33.33 | 100.0 | 200.00 | 500.0 | 300.0 | 55.01 | -11.94 | -73.67 | -28.57 | -138.1 | -142.86 | 128.57 | 0 | 671.43 | 72.95 | 43.6 | -21.86 |
| 21Q2 (7) | -0.04 | 20.0 | 63.64 | 19.27 | -19.1 | -17.33 | -52.85 | 46.67 | 69.71 | -57.76 | 45.56 | 72.9 | -57.30 | 46.18 | 73.06 | -2.63 | 12.33 | 55.04 | -1.51 | 15.64 | 9.04 | 0.03 | 50.0 | 200.0 | -50.00 | 50.0 | 70.0 | 62.47 | 6.73 | -67.62 | 75.00 | -25.0 | 5.0 | -0.00 | 0 | -100.0 | 50.80 | -38.91 | 0 |
| 21Q1 (6) | -0.05 | 97.8 | 80.0 | 23.82 | 1.84 | -20.07 | -99.10 | 97.18 | 22.88 | -106.09 | 97.34 | 75.36 | -106.47 | 97.34 | 73.09 | -3.00 | 97.21 | 73.47 | -1.79 | 96.31 | 29.25 | 0.02 | 100.0 | 100.0 | -100.00 | 97.71 | 69.23 | 58.53 | 5.48 | -67.81 | 100.00 | 13.79 | 200.0 | -0.00 | -100.0 | -100.0 | 83.16 | -16.13 | -27.15 |
| 20Q4 (5) | -2.27 | -2170.0 | -22800.0 | 23.39 | -8.35 | 600.3 | -3508.32 | -2967.52 | -1002477.14 | -3988.17 | -2601.28 | -676061.02 | -3996.70 | -2598.47 | -3996800.0 | -107.62 | -1926.74 | -49018.18 | -48.51 | -3389.93 | -7679.69 | 0.01 | 0.0 | -97.44 | -4366.67 | -4266.67 | -173380.56 | 55.49 | -73.44 | -85.31 | 87.88 | 31.82 | 75.76 | 12.12 | -27.27 | -75.76 | 99.15 | 6.2 | 5010.82 |
| 20Q3 (4) | -0.10 | 9.09 | 0.0 | 25.52 | 9.48 | 0.0 | -114.37 | 34.44 | 0.0 | -147.64 | 30.73 | 0.0 | -148.11 | 30.35 | 0.0 | -5.31 | 9.23 | 0.0 | -1.39 | 16.27 | 0.0 | 0.01 | 0.0 | 0.0 | -100.00 | 40.0 | 0.0 | 208.89 | 8.27 | 0.0 | 66.67 | -6.67 | 0.0 | 16.67 | 16.67 | 0.0 | 93.36 | 0 | 0.0 |
| 20Q2 (3) | -0.11 | 56.0 | 0.0 | 23.31 | -21.78 | 0.0 | -174.46 | -35.77 | 0.0 | -213.14 | 50.49 | 0.0 | -212.66 | 46.24 | 0.0 | -5.85 | 48.28 | 0.0 | -1.66 | 34.39 | 0.0 | 0.01 | 0.0 | 0.0 | -166.67 | 48.72 | 0.0 | 192.93 | 6.1 | 0.0 | 71.43 | 114.29 | 0.0 | 14.29 | -80.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.25 | -2600.0 | 0.0 | 29.80 | 792.22 | 0.0 | -128.50 | -36814.29 | 0.0 | -430.53 | -73071.19 | 0.0 | -395.60 | -395700.0 | 0.0 | -11.31 | -5240.91 | 0.0 | -2.53 | -495.31 | 0.0 | 0.01 | -97.44 | 0.0 | -325.00 | -12996.83 | 0.0 | 181.84 | -51.85 | 0.0 | 33.33 | -33.33 | 0.0 | 73.33 | 46.67 | 0.0 | 114.15 | 5784.02 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 3.34 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 0.64 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 2.52 | 0.0 | 0.0 | 377.64 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 1.94 | 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) | -0.53 | 0 | 9.58 | 24.74 | -23.91 | 0 | 2.08 | 60.42 | -15.17 | 0 | -15.10 | 0 | -5.94 | 0 | -3.82 | 0 | 0.27 | -27.03 | -12.50 | 0 | 32.64 | -39.87 | 171.43 | 71.43 | -57.14 | 0 | 0.00 | 0 | 20.78 | 43.11 |
| 2022 (9) | -0.79 | 0 | 7.68 | -59.66 | -14.00 | 0 | 1.30 | -68.83 | -14.01 | 0 | -13.92 | 0 | -8.19 | 0 | -4.60 | 0 | 0.37 | 236.36 | -10.39 | 0 | 54.28 | -10.07 | 100.00 | -66.67 | -0.00 | 0 | 0.00 | 0 | 14.52 | -72.24 |
| 2021 (8) | -0.04 | 0 | 19.04 | -25.65 | -51.09 | 0 | 4.17 | -41.67 | -16.38 | 0 | -16.24 | 0 | -2.83 | 0 | -1.26 | 0 | 0.11 | 266.67 | -4.17 | 0 | 60.36 | 8.78 | 300.00 | 266.92 | -200.00 | 0 | 0.00 | 0 | 52.31 | -51.48 |
| 2020 (7) | -2.72 | 0 | 25.61 | 644.48 | -942.29 | 0 | 7.14 | 6703.57 | -1152.36 | 0 | -1145.46 | 0 | -116.60 | 0 | -36.35 | 0 | 0.03 | -98.89 | -1085.71 | 0 | 55.49 | -85.31 | 81.76 | -63.66 | 18.24 | 0 | 0.00 | 0 | 107.81 | 9036.44 |
| 2019 (6) | 0.18 | -33.33 | 3.44 | -2.55 | 1.42 | -16.47 | 0.10 | 109.76 | 0.61 | -15.28 | 0.53 | -30.26 | 8.06 | -40.03 | 4.17 | -8.15 | 2.71 | -4.58 | 1.94 | 7.78 | 377.64 | -30.6 | 225.00 | -7.35 | -125.00 | 0 | 0.00 | 0 | 1.18 | 2.61 |
| 2018 (5) | 0.27 | -49.06 | 3.53 | -11.31 | 1.70 | -22.37 | 0.05 | -6.06 | 0.72 | -60.0 | 0.76 | -52.5 | 13.44 | -59.63 | 4.54 | -40.11 | 2.84 | -14.97 | 1.80 | -32.33 | 544.14 | 9.66 | 242.86 | 101.39 | -142.86 | 0 | 0.00 | 0 | 1.15 | 5.5 |
| 2017 (4) | 0.53 | 430.0 | 3.98 | 7.57 | 2.19 | 25.14 | 0.05 | -27.6 | 1.80 | 275.0 | 1.60 | 263.64 | 33.29 | 299.64 | 7.58 | 94.86 | 3.34 | -7.99 | 2.66 | 90.0 | 496.21 | -11.03 | 120.59 | -69.85 | -20.59 | 0 | 0.00 | 0 | 1.09 | -11.38 |
| 2016 (3) | 0.10 | 233.33 | 3.70 | -12.74 | 1.75 | 0 | 0.07 | -63.8 | 0.48 | 0 | 0.44 | 12.82 | 8.33 | 81.88 | 3.89 | 49.04 | 3.63 | 31.05 | 1.40 | 72.84 | 557.73 | 106.36 | 400.00 | -73.33 | -283.33 | 0 | 0.00 | 0 | 1.23 | -67.2 |
| 2015 (2) | 0.03 | 0 | 4.24 | -50.06 | -2.99 | 0 | 0.20 | -95.63 | -0.30 | 0 | 0.39 | 0 | 4.58 | 0 | 2.61 | 0 | 2.77 | 477.08 | 0.81 | 0 | 270.27 | -52.43 | 1500.00 | 1400.0 | -1300.00 | 0 | 0.00 | 0 | 3.75 | -93.17 |
| 2014 (1) | -0.68 | 0 | 8.49 | 0 | -85.43 | 0 | 4.65 | -47.29 | -85.53 | 0 | -84.70 | 0 | -155.33 | 0 | -39.08 | 0 | 0.48 | 33.33 | -74.42 | 0 | 568.13 | 282.79 | 100.00 | -2.13 | -0.00 | 0 | 0.00 | 0 | 54.89 | -51.56 |
