- 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) | 0.27 | 125.0 | 92.86 | 42.41 | 3.57 | 4.36 | 2.37 | 2054.55 | 119.01 | 18.54 | 113.35 | 38.98 | 18.54 | 113.35 | 38.98 | 1.68 | 130.14 | 73.2 | 1.54 | 129.85 | 75.0 | 0.08 | 0.0 | 14.29 | 22.41 | 86.13 | 29.69 | 9.33 | -11.06 | -4.5 | 13.64 | 0 | 115.0 | 86.36 | -13.64 | -54.76 | 28.72 | -5.25 | -25.77 |
| 24Q2 (19) | 0.12 | 400.0 | 1100.0 | 40.95 | 3.41 | 15.29 | 0.11 | 100.82 | 101.61 | 8.69 | 333.6 | 1074.32 | 8.69 | 333.6 | 1074.32 | 0.73 | 370.37 | 942.86 | 0.67 | 391.3 | 857.14 | 0.08 | 14.29 | 0.0 | 12.04 | 0 | 219.36 | 10.49 | 2.54 | -26.9 | 0.00 | -100.0 | 100.0 | 100.00 | 137.5 | -87.5 | 30.31 | -21.88 | 6.28 |
| 24Q1 (18) | -0.04 | 0.0 | 42.86 | 39.60 | -3.72 | 7.06 | -13.44 | -135.38 | -11.91 | -3.72 | -1.36 | 42.5 | -3.72 | -1.36 | 42.5 | -0.27 | 10.0 | 47.06 | -0.23 | 11.54 | 47.73 | 0.07 | 0.0 | 0.0 | 0.00 | 0 | 100.0 | 10.23 | 4.07 | -19.32 | 366.67 | 120.0 | 83.33 | -266.67 | -300.0 | -166.67 | 38.80 | 18.15 | 5.69 |
| 23Q4 (17) | -0.04 | -128.57 | -100.0 | 41.13 | 1.21 | 7.56 | -5.71 | 54.21 | -117.11 | -3.67 | -127.51 | -125.15 | -3.67 | -127.51 | -125.15 | -0.30 | -130.93 | -76.47 | -0.26 | -129.55 | -85.71 | 0.07 | 0.0 | -22.22 | 0.00 | -100.0 | -100.0 | 9.83 | 0.61 | -22.05 | 166.67 | 283.33 | 11.11 | -66.67 | -134.92 | -33.33 | 32.84 | -15.12 | 18.43 |
| 23Q3 (16) | 0.14 | 1300.0 | -33.33 | 40.64 | 14.41 | 11.53 | -12.47 | -82.84 | -99.52 | 13.34 | 1702.7 | -11.36 | 13.34 | 1702.7 | -11.36 | 0.97 | 1285.71 | -41.21 | 0.88 | 1157.14 | -39.73 | 0.07 | -12.5 | -30.0 | 17.28 | 358.36 | -12.82 | 9.77 | -31.92 | -30.01 | -90.91 | 87.01 | -120.78 | 190.91 | -76.14 | 35.23 | 38.69 | 35.66 | 28.71 |
| 23Q2 (15) | 0.01 | 114.29 | -93.33 | 35.52 | -3.97 | -12.04 | -6.82 | 43.21 | -351.66 | 0.74 | 111.44 | -92.77 | 0.74 | 111.44 | -92.77 | 0.07 | 113.73 | -94.12 | 0.07 | 115.91 | -93.4 | 0.08 | 14.29 | -20.0 | 3.77 | 260.43 | -74.28 | 14.35 | 13.17 | 6.93 | -700.00 | -450.0 | -2900.0 | 800.00 | 900.0 | 966.67 | 28.52 | -22.31 | 7.5 |
| 23Q1 (14) | -0.07 | -250.0 | -141.18 | 36.99 | -3.27 | -19.01 | -12.01 | -356.65 | -316.79 | -6.47 | -296.93 | -150.04 | -6.47 | -296.93 | -150.04 | -0.51 | -200.0 | -138.64 | -0.44 | -214.29 | -137.29 | 0.07 | -22.22 | -22.22 | -2.35 | -228.42 | -114.1 | 12.68 | 0.56 | 6.29 | 200.00 | 33.33 | 333.33 | -100.00 | -100.0 | -262.5 | 36.71 | 32.38 | 17.7 |
| 22Q4 (13) | -0.02 | -109.52 | -112.5 | 38.24 | 4.94 | -19.7 | -2.63 | 57.92 | -129.52 | -1.63 | -110.83 | -114.03 | -1.63 | -110.83 | -114.03 | -0.17 | -110.3 | -112.88 | -0.14 | -109.59 | -111.97 | 0.09 | -10.0 | -10.0 | 1.83 | -90.77 | -88.72 | 12.61 | -9.67 | -4.97 | 150.00 | 464.29 | 95.0 | -50.00 | -135.42 | -316.67 | 27.73 | -7.75 | 10.26 |
| 22Q3 (12) | 0.21 | 40.0 | -25.0 | 36.44 | -9.76 | -21.8 | -6.25 | -330.63 | -153.01 | 15.05 | 46.97 | -18.91 | 15.05 | 46.97 | -18.91 | 1.65 | 38.66 | -29.18 | 1.46 | 37.74 | -29.13 | 0.10 | 0.0 | -9.09 | 19.82 | 35.2 | -9.29 | 13.96 | 4.02 | -5.8 | -41.18 | -264.71 | -164.71 | 141.18 | 88.24 | 288.24 | 30.06 | 13.31 | 26.25 |
| 22Q2 (11) | 0.15 | -11.76 | 36.36 | 40.38 | -11.58 | -10.35 | 2.71 | -51.08 | -64.44 | 10.24 | -20.8 | 19.35 | 10.24 | -20.8 | 19.35 | 1.19 | -9.85 | 22.68 | 1.06 | -10.17 | 20.45 | 0.10 | 11.11 | 0.0 | 14.66 | -12.06 | 19.58 | 13.42 | 12.49 | 6.68 | 25.00 | -45.83 | -71.88 | 75.00 | 21.87 | 575.0 | 26.53 | -14.94 | 2.43 |
| 22Q1 (10) | 0.17 | 6.25 | -15.0 | 45.67 | -4.09 | 2.47 | 5.54 | -37.82 | -50.8 | 12.93 | 11.27 | -9.07 | 12.93 | 11.27 | -9.07 | 1.32 | 0.0 | -25.42 | 1.18 | 0.85 | -25.32 | 0.09 | -10.0 | -18.18 | 16.67 | 2.77 | -0.83 | 11.93 | -10.1 | -0.25 | 46.15 | -40.0 | -43.2 | 61.54 | 166.67 | 228.21 | 31.19 | 24.02 | 26.22 |
| 21Q4 (9) | 0.16 | -42.86 | 220.0 | 47.62 | 2.19 | 5.7 | 8.91 | -24.43 | 217.08 | 11.62 | -37.39 | 194.18 | 11.62 | -37.39 | 194.18 | 1.32 | -43.35 | 193.33 | 1.17 | -43.2 | 185.37 | 0.10 | -9.09 | 0.0 | 16.22 | -25.77 | 136.44 | 13.27 | -10.46 | -2.86 | 76.92 | 20.88 | 2.56 | 23.08 | -36.54 | -7.69 | 25.15 | 5.63 | -8.38 |
| 21Q3 (8) | 0.28 | 154.55 | 460.0 | 46.60 | 3.46 | 4.86 | 11.79 | 54.72 | 498.31 | 18.56 | 116.32 | 324.71 | 18.56 | 116.32 | 324.71 | 2.33 | 140.21 | 395.74 | 2.06 | 134.09 | 379.07 | 0.11 | 10.0 | 22.22 | 21.85 | 78.22 | 162.3 | 14.82 | 17.81 | 11.93 | 63.64 | -28.41 | 184.85 | 36.36 | 227.27 | -79.22 | 23.81 | -8.07 | -28.04 |
| 21Q2 (7) | 0.11 | -45.0 | 57.14 | 45.04 | 1.05 | -10.86 | 7.62 | -32.33 | 102.12 | 8.58 | -39.66 | 46.17 | 8.58 | -39.66 | 46.17 | 0.97 | -45.2 | 49.23 | 0.88 | -44.3 | 49.15 | 0.10 | -9.09 | 0.0 | 12.26 | -27.07 | 34.87 | 12.58 | 5.18 | -0.24 | 88.89 | 9.4 | 33.33 | 11.11 | -40.74 | -66.67 | 25.90 | 4.82 | 0 |
| 21Q1 (6) | 0.20 | 300.0 | 433.33 | 44.57 | -1.07 | -9.89 | 11.26 | 300.71 | 187.83 | 14.22 | 260.0 | 314.48 | 14.22 | 260.0 | 314.48 | 1.77 | 293.33 | 410.53 | 1.58 | 285.37 | 422.45 | 0.11 | 10.0 | 37.5 | 16.81 | 145.04 | 756.64 | 11.96 | -12.45 | -7.72 | 81.25 | 8.33 | -59.38 | 18.75 | -25.0 | 118.75 | 24.71 | -9.98 | -43.43 |
| 20Q4 (5) | 0.05 | 0.0 | 350.0 | 45.05 | 1.37 | -10.72 | 2.81 | 194.93 | 291.16 | 3.95 | -9.61 | 289.0 | 3.95 | -9.61 | 289.0 | 0.45 | -4.26 | 314.29 | 0.41 | -4.65 | 341.18 | 0.10 | 11.11 | 11.11 | 6.86 | -17.65 | 209.01 | 13.66 | 3.17 | 1.41 | 75.00 | 200.0 | 50.0 | 25.00 | -85.71 | -50.0 | 27.45 | -17.04 | -20.64 |
| 20Q3 (4) | 0.05 | -28.57 | 0.0 | 44.44 | -12.05 | 0.0 | -2.96 | -178.51 | 0.0 | 4.37 | -25.55 | 0.0 | 4.37 | -25.55 | 0.0 | 0.47 | -27.69 | 0.0 | 0.43 | -27.12 | 0.0 | 0.09 | -10.0 | 0.0 | 8.33 | -8.36 | 0.0 | 13.24 | 5.0 | 0.0 | -75.00 | -212.5 | 0.0 | 175.00 | 425.0 | 0.0 | 33.09 | 0 | 0.0 |
| 20Q2 (3) | 0.07 | 216.67 | 0.0 | 50.53 | 2.16 | 0.0 | 3.77 | 129.41 | 0.0 | 5.87 | 188.54 | 0.0 | 5.87 | 188.54 | 0.0 | 0.65 | 214.04 | 0.0 | 0.59 | 220.41 | 0.0 | 0.10 | 25.0 | 0.0 | 9.09 | 455.08 | 0.0 | 12.61 | -2.7 | 0.0 | 66.67 | -66.67 | 0.0 | 33.33 | 133.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.06 | -200.0 | 0.0 | 49.46 | -1.98 | 0.0 | -12.82 | -772.11 | 0.0 | -6.63 | -217.22 | 0.0 | -6.63 | -217.22 | 0.0 | -0.57 | -171.43 | 0.0 | -0.49 | -188.24 | 0.0 | 0.08 | -11.11 | 0.0 | -2.56 | -215.32 | 0.0 | 12.96 | -3.79 | 0.0 | 200.00 | 300.0 | 0.0 | -100.00 | -300.0 | 0.0 | 43.68 | 26.28 | 0.0 |
| 19Q4 (1) | -0.02 | 0.0 | 0.0 | 50.46 | 0.0 | 0.0 | -1.47 | 0.0 | 0.0 | -2.09 | 0.0 | 0.0 | -2.09 | 0.0 | 0.0 | -0.21 | 0.0 | 0.0 | -0.17 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 2.22 | 0.0 | 0.0 | 13.47 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 50.00 | 0.0 | 0.0 | 34.59 | 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) | 0.04 | -92.0 | 38.39 | -4.24 | -9.04 | 0 | 2.22 | -19.11 | 0.80 | -91.25 | 0.80 | -91.25 | 0.27 | -93.13 | 0.29 | -91.78 | 0.30 | -21.05 | 4.16 | -68.58 | 9.83 | -22.05 | -1100.00 | 0 | 1166.67 | 1038.21 | 0.42 | -29.82 | 33.80 | 17.32 |
| 2022 (9) | 0.50 | -33.33 | 40.09 | -12.79 | -0.22 | 0 | 2.74 | 11.58 | 9.14 | -31.79 | 9.14 | -31.79 | 3.93 | -38.3 | 3.53 | -37.63 | 0.38 | -9.52 | 13.24 | -21.93 | 12.61 | -4.97 | -2.50 | 0 | 102.50 | 310.0 | 0.59 | 33.23 | 28.81 | 15.89 |
| 2021 (8) | 0.75 | 581.82 | 45.97 | -2.73 | 9.96 | 0 | 2.46 | 53.05 | 13.40 | 467.8 | 13.40 | 467.8 | 6.37 | 550.0 | 5.66 | 521.98 | 0.42 | 16.67 | 16.96 | 175.77 | 13.27 | -2.86 | 75.00 | 0 | 25.00 | -85.0 | 0.45 | -43.08 | 24.86 | -25.66 |
| 2020 (7) | 0.11 | 175.0 | 47.26 | -2.96 | -1.66 | 0 | 1.60 | -16.35 | 2.36 | 159.34 | 2.36 | 159.34 | 0.98 | 157.89 | 0.91 | 133.33 | 0.36 | -2.7 | 6.15 | 18.04 | 13.66 | 1.41 | -66.67 | 0 | 166.67 | -66.67 | 0.78 | -42.02 | 33.44 | -3.99 |
| 2019 (6) | 0.04 | 0 | 48.70 | 5.32 | -3.19 | 0 | 1.92 | -2.47 | 0.91 | 0 | 0.91 | 0 | 0.38 | 0 | 0.39 | 0 | 0.37 | 0.0 | 5.21 | 0 | 13.47 | 31.93 | -400.00 | 0 | 500.00 | 0 | 1.35 | -9.17 | 34.83 | -12.77 |
| 2018 (5) | -0.35 | 0 | 46.24 | -4.36 | -13.79 | 0 | 1.97 | -17.02 | -7.99 | 0 | -7.99 | 0 | -3.26 | 0 | -2.92 | 0 | 0.37 | -9.76 | -2.25 | 0 | 10.21 | -20.48 | 175.00 | 72.08 | -75.00 | 0 | 1.49 | 0 | 39.93 | 0.23 |
| 2017 (4) | -0.72 | 0 | 48.35 | 9.24 | -14.12 | 0 | 2.37 | -25.28 | -14.03 | 0 | -14.03 | 0 | -6.55 | 0 | -5.78 | 0 | 0.41 | -6.82 | -3.79 | 0 | 12.84 | -4.96 | 101.69 | -21.77 | -0.00 | 0 | 0.00 | 0 | 39.84 | 6.52 |
| 2016 (3) | -0.73 | 0 | 44.26 | 1.07 | -16.51 | 0 | 3.17 | -17.36 | -12.65 | 0 | -12.65 | 0 | -6.31 | 0 | -5.56 | 0 | 0.44 | 15.79 | -0.85 | 0 | 13.51 | 0.6 | 130.00 | -0.82 | -30.00 | 0 | 0.00 | 0 | 37.40 | -6.34 |
| 2015 (2) | -0.88 | 0 | 43.79 | 0.74 | -21.93 | 0 | 3.84 | -53.24 | -16.66 | 0 | -16.67 | 0 | -7.17 | 0 | -6.39 | 0 | 0.38 | 46.15 | -4.06 | 0 | 13.43 | 22.09 | 131.08 | -32.69 | -31.08 | 0 | 0.00 | 0 | 39.93 | -37.16 |
| 2014 (1) | -1.13 | 0 | 43.47 | 0 | -56.34 | 0 | 8.21 | 66.19 | -29.00 | 0 | -29.00 | 0 | -8.24 | 0 | -7.46 | 0 | 0.26 | -13.33 | -10.64 | 0 | 11.00 | 13.05 | 194.74 | 61.7 | -94.74 | 0 | 0.00 | 0 | 63.54 | 26.45 |
