- 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) | 2.50 | 8433.33 | 4266.67 | 43.82 | -24.86 | -56.18 | 41.00 | 541.33 | 100.37 | 41.01 | 1051.97 | 100.37 | 32.83 | 251.5 | 100.38 | 12.84 | 8660.0 | 3990.91 | 5.89 | 7462.5 | 3781.25 | 0.18 | 0 | 0 | 41.08 | 434.2 | 0 | 124.68 | 12.57 | 3.76 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0 | 0.55 | -98.22 | -99.99 |
| 24Q2 (19) | -0.03 | 40.0 | 66.67 | 58.32 | 198.01 | 0.19 | -9.29 | 81.27 | -86.55 | 3.56 | 107.41 | -77.11 | -21.67 | 50.87 | 69.62 | -0.15 | 42.31 | 71.7 | -0.08 | 46.67 | 70.37 | 0.00 | 0 | 0 | 7.69 | 116.92 | -50.0 | 110.76 | 35.62 | 8.03 | 0.00 | -100.0 | 100.0 | 0.00 | 0 | -100.0 | 30.91 | -10.95 | 18.47 |
| 24Q1 (18) | -0.05 | -101.9 | -400.0 | 19.57 | -22.89 | -68.11 | -49.59 | -328.63 | -338.46 | -48.06 | -319.65 | -359.03 | -44.11 | -327.14 | -631.51 | -0.26 | -101.83 | -550.0 | -0.15 | -102.01 | -650.0 | 0.00 | -100.0 | 0 | -45.45 | -307.63 | -491.03 | 81.67 | 26.44 | -8.1 | 120.00 | 21.22 | 20.0 | -0.00 | -100.0 | 0 | 34.71 | 7131.25 | 32.13 |
| 23Q4 (17) | 2.63 | 4483.33 | 26400.0 | 25.38 | -74.62 | -6.59 | 21.69 | 100.2 | 514.72 | 21.88 | 100.2 | 1720.74 | 19.42 | 100.23 | 1949.52 | 14.24 | 4415.15 | 47566.67 | 7.48 | 4775.0 | 37500.0 | 0.39 | 0 | 1850.0 | 21.89 | 0 | 0 | 64.59 | -46.25 | -15.38 | 98.99 | -1.01 | -67.0 | 1.01 | 0 | 100.51 | 0.48 | -99.99 | -95.51 |
| 23Q3 (16) | -0.06 | 33.33 | -102.07 | 100.00 | 71.79 | 276.08 | -11049.20 | -221771.49 | -47746.4 | -10947.80 | -70503.86 | -47309.14 | -8574.63 | -11922.76 | -46200.16 | -0.33 | 37.74 | -101.92 | -0.16 | 40.74 | -101.9 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | -100.0 | 120.16 | 17.19 | 87.37 | 100.00 | 300.0 | 0.0 | -0.00 | -100.0 | 0 | 5276.12 | 20122.77 | 2110348.0 |
| 23Q2 (15) | -0.09 | -800.0 | 43.75 | 58.21 | -5.13 | 180.69 | -4.98 | 55.97 | 99.78 | 15.55 | 248.52 | 100.7 | -71.32 | -1082.75 | 97.67 | -0.53 | -1225.0 | 39.77 | -0.27 | -1250.0 | 28.95 | 0.00 | 0 | 0 | 15.38 | 300.0 | 0 | 102.53 | 15.37 | -31.81 | -50.00 | -150.0 | -150.0 | 150.00 | 0 | 0 | 26.09 | -0.69 | -96.15 |
| 23Q1 (14) | -0.01 | 0.0 | -101.23 | 61.36 | 125.84 | 118.99 | -11.31 | -116.25 | -148.33 | -10.47 | -675.56 | -144.31 | -6.03 | -474.29 | -128.31 | -0.04 | -33.33 | -100.94 | -0.02 | 0.0 | -100.99 | 0.00 | -100.0 | -100.0 | -7.69 | 0 | -132.22 | 88.87 | 16.43 | -21.06 | 100.00 | -66.67 | 1.3 | -0.00 | 100.0 | -100.0 | 26.27 | 145.51 | 2500.99 |
| 22Q4 (13) | -0.01 | -100.34 | -100.45 | 27.17 | 2.18 | -3.72 | -5.23 | -122.55 | -121.67 | -1.35 | -105.82 | -105.59 | -1.05 | -105.65 | -104.86 | -0.03 | -100.17 | -100.24 | -0.02 | -100.24 | -100.35 | 0.02 | -95.56 | -92.31 | 0.00 | -100.0 | -100.0 | 76.33 | 19.02 | -31.1 | 300.00 | 200.0 | 200.0 | -200.00 | 0 | 0 | 10.70 | 4180.0 | 1713.56 |
| 22Q3 (12) | 2.90 | 1912.5 | 3725.0 | 26.59 | 136.86 | -4.18 | 23.19 | 101.03 | 128.43 | 23.19 | 101.05 | 128.74 | 18.60 | 100.61 | 129.01 | 17.18 | 2052.27 | 4190.48 | 8.44 | 2321.05 | 4788.89 | 0.45 | 0 | 0 | 23.27 | 0 | 129.92 | 64.13 | -57.35 | -53.88 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 0.25 | -99.96 | -99.21 |
| 22Q2 (11) | -0.16 | -119.75 | -184.21 | -72.14 | -357.46 | -301.9 | -2249.89 | -9714.91 | -11075.07 | -2207.34 | -9441.26 | -10641.26 | -3062.20 | -14476.53 | -19704.35 | -0.88 | -120.61 | -192.63 | -0.38 | -118.81 | -188.37 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 150.37 | 33.57 | 24.32 | 100.00 | 1.3 | 5.56 | -0.00 | -100.0 | 0 | 677.97 | 67025.74 | 20889.78 |
| 22Q1 (10) | 0.81 | -63.68 | -71.88 | 28.02 | -0.71 | -7.65 | 23.40 | -3.03 | -9.06 | 23.63 | -2.19 | -8.23 | 21.30 | -1.39 | 1.72 | 4.27 | -66.35 | -72.75 | 2.02 | -64.37 | -69.02 | 0.09 | -65.38 | -70.97 | 23.87 | -1.65 | -7.48 | 112.58 | 1.62 | -6.38 | 98.72 | -1.28 | -0.91 | 1.28 | 0 | 0 | 1.01 | 71.19 | 206.06 |
| 21Q4 (9) | 2.23 | 2887.5 | -32.83 | 28.22 | 1.69 | -4.53 | 24.13 | 129.59 | -3.25 | 24.16 | 129.94 | -3.28 | 21.60 | 133.69 | 2.86 | 12.69 | 3121.43 | -41.76 | 5.67 | 3250.0 | -23.27 | 0.26 | 0 | -25.71 | 24.27 | 131.2 | -2.84 | 110.79 | -20.32 | -32.28 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | -100.0 | 0.59 | -98.15 | 37.21 |
| 21Q3 (8) | -0.08 | -142.11 | 11.11 | 27.75 | -22.33 | -72.25 | -81.56 | -497.85 | 99.45 | -80.69 | -485.34 | 99.4 | -64.12 | -510.5 | 99.46 | -0.42 | -144.21 | 35.38 | -0.18 | -141.86 | 18.18 | 0.00 | -100.0 | 0 | -77.78 | -446.15 | 0 | 139.04 | 14.96 | -40.62 | 100.00 | 5.56 | 0.0 | -0.00 | 0 | 100.0 | 31.83 | 885.45 | -99.23 |
| 21Q2 (7) | 0.19 | -93.4 | 337.5 | 35.73 | 17.77 | -64.27 | 20.50 | -20.33 | 100.14 | 20.94 | -18.68 | 100.17 | 15.62 | -25.41 | 100.14 | 0.95 | -93.94 | 261.02 | 0.43 | -93.4 | 286.96 | 0.03 | -90.32 | 0 | 22.47 | -12.91 | 0 | 120.95 | 0.58 | -26.82 | 94.74 | -4.91 | -17.11 | 0.00 | 0 | 100.0 | 3.23 | 878.79 | 0 |
| 21Q1 (6) | 2.88 | -13.25 | 4214.29 | 30.34 | 2.64 | 38.41 | 25.73 | 3.17 | 231.54 | 25.75 | 3.08 | 235.46 | 20.94 | -0.29 | 226.6 | 15.67 | -28.09 | 3364.58 | 6.52 | -11.77 | 3204.76 | 0.31 | -11.43 | 3000.0 | 25.80 | 3.28 | 233.33 | 120.25 | -26.49 | -15.15 | 99.63 | -0.37 | -0.37 | 0.00 | -100.0 | 0 | 0.33 | -23.26 | -95.84 |
| 20Q4 (5) | 3.32 | 3788.89 | 2866.67 | 29.56 | -70.44 | 538.44 | 24.94 | 100.17 | 106.26 | 24.98 | 100.19 | 106.57 | 21.00 | 100.18 | 106.67 | 21.79 | 3452.31 | 2604.6 | 7.39 | 3459.09 | 1818.6 | 0.35 | 0 | 0 | 24.98 | 0 | 106.81 | 163.59 | -30.13 | 35.51 | 100.00 | 0.0 | -8.33 | 0.34 | 102.68 | 103.69 | 0.43 | -99.99 | -99.64 |
| 20Q3 (4) | -0.09 | -12.5 | 0.0 | 100.00 | 0.0 | 0.0 | -14729.80 | -0.74 | 0.0 | -13428.10 | -6.63 | 0.0 | -11782.50 | -8.04 | 0.0 | -0.65 | -10.17 | 0.0 | -0.22 | 4.35 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 234.14 | 41.66 | 0.0 | 100.00 | -12.5 | 0.0 | -12.50 | 12.5 | 0.0 | 4156.14 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -14.29 | 0.0 | 100.00 | 356.2 | 0.0 | -14621.00 | -74649.49 | 0.0 | -12593.00 | -66144.08 | 0.0 | -10905.30 | -65832.89 | 0.0 | -0.59 | -22.92 | 0.0 | -0.23 | -9.52 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 165.28 | 16.62 | 0.0 | 114.29 | 14.29 | 0.0 | -14.29 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.07 | 41.67 | 0.0 | 21.92 | 373.43 | 0.0 | -19.56 | 95.09 | 0.0 | -19.01 | 95.0 | 0.0 | -16.54 | 94.75 | 0.0 | -0.48 | 44.83 | 0.0 | -0.21 | 51.16 | 0.0 | 0.01 | 0 | 0.0 | -19.35 | 94.72 | 0.0 | 141.72 | 17.4 | 0.0 | 100.00 | -8.33 | 0.0 | -0.00 | 100.0 | 0.0 | 7.93 | -93.32 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 4.63 | 0.0 | 0.0 | -398.41 | 0.0 | 0.0 | -380.05 | 0.0 | 0.0 | -314.94 | 0.0 | 0.0 | -0.87 | 0.0 | 0.0 | -0.43 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -366.67 | 0.0 | 0.0 | 120.72 | 0.0 | 0.0 | 109.09 | 0.0 | 0.0 | -9.09 | 0.0 | 0.0 | 118.70 | 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) | 2.48 | -28.32 | 26.02 | -3.02 | 20.60 | -6.02 | 0.00 | 0 | 20.99 | -4.94 | 17.93 | 0.73 | 12.99 | -35.24 | 7.63 | -26.78 | 0.43 | -27.12 | 20.98 | -5.58 | 64.59 | -15.38 | 98.28 | -1.03 | 1.72 | 146.55 | 0.00 | 0 | 1.22 | 48.78 |
| 2022 (9) | 3.46 | -28.22 | 26.83 | -9.45 | 21.92 | -9.79 | 0.15 | 4.32 | 22.08 | -9.29 | 17.80 | -13.59 | 20.06 | -30.56 | 10.42 | -15.56 | 0.59 | -1.67 | 22.22 | -9.34 | 76.33 | -31.1 | 99.30 | -0.5 | 0.70 | 245.45 | 0.00 | 0 | 0.82 | 13.89 |
| 2021 (8) | 4.82 | 56.49 | 29.63 | 0.85 | 24.30 | 8.29 | 0.15 | 0 | 24.34 | 7.46 | 20.60 | 8.54 | 28.89 | 45.47 | 12.34 | 51.6 | 0.60 | 39.53 | 24.51 | 7.93 | 110.79 | -32.28 | 99.80 | 0.52 | 0.20 | -81.31 | 0.00 | 0 | 0.72 | -28.71 |
| 2020 (7) | 3.08 | 7600.0 | 29.38 | 39.51 | 22.44 | 1724.39 | 0.00 | 0 | 22.65 | 973.46 | 18.98 | 878.35 | 19.86 | 6306.45 | 8.14 | 4688.24 | 0.43 | 377.78 | 22.71 | 866.38 | 163.59 | 35.51 | 99.28 | 98.56 | 1.08 | -95.67 | 0.00 | 0 | 1.01 | -84.37 |
| 2019 (6) | 0.04 | -87.1 | 21.06 | -14.11 | 1.23 | -89.61 | 0.00 | 0 | 2.11 | -81.93 | 1.94 | -76.65 | 0.31 | -85.91 | 0.17 | -90.12 | 0.09 | -52.63 | 2.35 | -81.9 | 120.72 | 165.67 | 50.00 | -51.47 | 25.00 | 0 | 0.00 | 0 | 6.46 | 72.73 |
| 2018 (5) | 0.31 | -41.51 | 24.52 | 49.6 | 11.84 | 74.89 | 0.00 | 0 | 11.68 | 38.72 | 8.31 | 16.22 | 2.20 | -41.02 | 1.72 | -39.86 | 0.19 | -45.71 | 12.98 | 33.13 | 45.44 | 15.36 | 103.03 | 30.88 | 0.00 | 0 | 0.00 | 0 | 3.74 | 110.11 |
| 2017 (4) | 0.53 | 70.97 | 16.39 | -35.11 | 6.77 | -53.69 | 0.00 | 0 | 8.42 | -42.99 | 7.15 | -31.64 | 3.73 | 67.26 | 2.86 | 90.67 | 0.35 | 150.0 | 9.75 | -35.47 | 39.39 | -35.33 | 78.72 | -21.28 | 19.15 | 0 | 0.00 | 0 | 1.78 | -53.77 |
| 2016 (3) | 0.31 | -79.61 | 25.26 | -17.8 | 14.62 | -39.61 | 0.00 | 0 | 14.77 | -40.13 | 10.46 | -56.87 | 2.23 | -80.73 | 1.50 | -80.08 | 0.14 | -54.84 | 15.11 | -39.0 | 60.91 | 35.84 | 100.00 | 1.9 | 0.00 | 0 | 0.00 | 0 | 3.85 | 64.53 |
| 2015 (2) | 1.52 | 0 | 30.73 | -69.27 | 24.21 | 0 | 0.00 | 0 | 24.67 | 0 | 24.25 | 0 | 11.57 | 0 | 7.53 | 0 | 0.31 | 0 | 24.77 | 0 | 44.84 | -32.08 | 98.13 | -16.59 | 1.87 | 0 | 0.00 | 0 | 2.34 | -99.96 |
| 2014 (1) | -0.17 | 0 | 100.00 | 0 | -17495.60 | 0 | 0.00 | 0 | -14507.00 | 0 | -9031.58 | 0 | -1.34 | 0 | -0.93 | 0 | 0.00 | 0 | 0.00 | 0 | 66.02 | 271.94 | 117.65 | 135.29 | -17.65 | 0 | 0.00 | 0 | 6533.33 | 130566.6 |
