- 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) | -0.56 | -1766.67 | -411.11 | 56.03 | 1.54 | -1.7 | -54.50 | -101.85 | -98.47 | -40.19 | -1860.49 | -368.47 | -40.19 | -1860.49 | -368.47 | -2.80 | -2233.33 | -433.33 | -2.62 | -2281.82 | -435.9 | 0.07 | 16.67 | 40.0 | -37.84 | -3773.79 | -315.24 | 5.77 | -26.68 | -8.7 | 135.56 | -89.57 | 175.91 | -35.56 | 97.04 | -112.76 | 88.65 | 57.52 | 56.82 |
| 24Q2 (19) | -0.03 | -200.0 | 88.0 | 55.18 | -17.59 | 85.29 | -27.00 | -12.59 | 19.76 | -2.05 | -182.33 | 86.88 | -2.05 | -182.33 | 87.12 | -0.12 | -185.71 | 90.08 | -0.11 | -184.62 | 90.18 | 0.06 | 20.0 | -14.29 | 1.03 | -81.87 | 107.51 | 7.87 | 12.91 | 2.21 | 1300.00 | 223.81 | 488.1 | -1200.00 | -204.35 | -936.36 | 56.28 | -6.01 | 43.13 |
| 24Q1 (18) | 0.03 | 103.26 | 108.82 | 66.96 | 12.84 | 77.71 | -23.98 | 72.37 | 27.38 | 2.49 | 103.21 | 109.42 | 2.49 | 103.55 | 109.42 | 0.14 | 103.17 | 108.7 | 0.13 | 103.15 | 108.78 | 0.05 | -16.67 | -16.67 | 5.68 | 107.52 | 122.95 | 6.97 | 0.29 | -14.06 | -1050.00 | -1042.61 | -959.09 | 1150.00 | 10194.44 | 4535.71 | 59.88 | -49.53 | 26.36 |
| 23Q4 (17) | -0.92 | -611.11 | -119.05 | 59.34 | 4.11 | 127.44 | -86.78 | -216.02 | -317.81 | -77.48 | -617.57 | -267.2 | -70.19 | -568.87 | -258.84 | -4.41 | -625.0 | -130.89 | -4.13 | -629.49 | -137.36 | 0.06 | 20.0 | -33.33 | -75.49 | -529.41 | -279.73 | 6.95 | 9.97 | -24.04 | 111.39 | 162.38 | 14.67 | -11.39 | -104.09 | -498.73 | 118.64 | 109.87 | 302.44 |
| 23Q3 (16) | 0.18 | 172.0 | 114.4 | 57.00 | 91.4 | 311.35 | -27.46 | 18.4 | 75.27 | 14.97 | 195.78 | 116.26 | 14.97 | 194.09 | 114.99 | 0.84 | 169.42 | 115.22 | 0.78 | 169.64 | 115.66 | 0.05 | -28.57 | 0.0 | 17.58 | 228.23 | 119.6 | 6.32 | -17.92 | -36.16 | -178.57 | -180.78 | -248.81 | 278.57 | 340.58 | 1492.86 | 56.53 | 43.77 | 12.63 |
| 23Q2 (15) | -0.25 | 26.47 | -412.5 | 29.78 | -20.97 | 18.98 | -33.65 | -1.91 | -1224.8 | -15.63 | 40.86 | -320.76 | -15.91 | 39.8 | -757.44 | -1.21 | 24.84 | -436.11 | -1.12 | 24.32 | -450.0 | 0.07 | 16.67 | -46.15 | -13.71 | 44.61 | -274.87 | 7.70 | -5.06 | -34.24 | 221.05 | 80.86 | 700.0 | -115.79 | -346.62 | -184.62 | 39.32 | -17.03 | 119.66 |
| 23Q1 (14) | -0.34 | 19.05 | -580.0 | 37.68 | 44.42 | 35.59 | -33.02 | -58.98 | -315.87 | -26.43 | -25.26 | -15647.06 | -26.43 | -35.12 | -1336.41 | -1.61 | 15.71 | -747.37 | -1.48 | 14.94 | -770.59 | 0.06 | -33.33 | -33.33 | -24.75 | -24.5 | -1707.14 | 8.11 | -11.37 | -28.1 | 122.22 | 25.82 | 0 | -25.93 | -1007.41 | 0 | 47.39 | 60.75 | 88.88 |
| 22Q4 (13) | -0.42 | 66.4 | -44.83 | 26.09 | 196.74 | -21.15 | -20.77 | 81.3 | -438.08 | -21.10 | 77.09 | -875.74 | -19.56 | 80.42 | -100.2 | -1.91 | 65.4 | -63.25 | -1.74 | 65.06 | -65.71 | 0.09 | 80.0 | -18.18 | -19.88 | 77.83 | -619.06 | 9.15 | -7.58 | -36.46 | 97.14 | -19.05 | 164.76 | 2.86 | 114.29 | -98.86 | 29.48 | -41.26 | 12.48 |
| 22Q3 (12) | -1.25 | -1662.5 | -156.05 | -26.97 | -207.75 | -149.73 | -111.05 | -4272.05 | -407.02 | -92.08 | -1400.56 | -337.32 | -99.89 | -4227.69 | -364.12 | -5.52 | -1633.33 | -161.61 | -4.98 | -1656.25 | -161.33 | 0.05 | -61.54 | -76.19 | -89.69 | -1244.01 | -327.93 | 9.90 | -15.46 | 22.68 | 120.00 | 425.71 | 28.57 | -20.00 | -114.62 | -400.0 | 50.19 | 180.39 | 301.84 |
| 22Q2 (11) | 0.08 | 260.0 | -96.99 | 25.03 | -9.93 | -58.11 | -2.54 | 68.01 | -105.87 | 7.08 | 4064.71 | -84.09 | 2.42 | 231.52 | -94.52 | 0.36 | 289.47 | -96.96 | 0.32 | 288.24 | -96.93 | 0.13 | 44.44 | -45.83 | 7.84 | 409.09 | -82.52 | 11.71 | 3.81 | -8.59 | -36.84 | 0 | -137.74 | 136.84 | 0 | 4712.28 | 17.90 | -28.66 | 57.71 |
| 22Q1 (10) | -0.05 | 82.76 | -104.39 | 27.79 | -16.02 | -41.89 | -7.94 | -105.7 | -136.14 | 0.17 | -93.75 | -99.38 | -1.84 | 81.17 | -106.66 | -0.19 | 83.76 | -103.49 | -0.17 | 83.81 | -103.53 | 0.09 | -18.18 | -47.06 | 1.54 | -59.79 | -94.54 | 11.28 | -21.67 | -23.73 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 25.09 | -4.27 | 39.7 |
| 21Q4 (9) | -0.29 | -113.0 | -124.58 | 33.09 | -38.98 | -35.97 | -3.86 | -110.67 | -115.55 | 2.72 | -92.99 | -90.99 | -9.77 | -125.83 | -132.53 | -1.17 | -113.06 | -120.24 | -1.05 | -112.93 | -120.11 | 0.11 | -47.62 | -35.29 | 3.83 | -90.27 | -87.53 | 14.40 | 78.44 | 30.32 | -150.00 | -260.71 | -281.58 | 250.00 | 3650.0 | 1337.5 | 26.21 | 109.85 | 43.93 |
| 21Q3 (8) | 2.23 | -16.17 | 108.41 | 54.23 | -9.24 | 6.48 | 36.17 | -16.41 | 51.28 | 38.80 | -12.79 | 29.46 | 37.82 | -14.4 | 26.19 | 8.96 | -24.45 | 60.29 | 8.12 | -22.15 | 59.84 | 0.21 | -12.5 | 23.53 | 39.35 | -12.24 | 27.68 | 8.07 | -37.0 | -23.14 | 93.33 | -4.4 | 17.01 | 6.67 | 134.44 | -67.06 | 12.49 | 10.04 | -28.34 |
| 21Q2 (7) | 2.66 | 133.33 | 731.25 | 59.75 | 24.95 | 17.87 | 43.27 | 96.95 | 622.37 | 44.49 | 61.14 | 170.95 | 44.18 | 60.01 | 169.06 | 11.86 | 118.01 | 585.55 | 10.43 | 116.39 | 560.13 | 0.24 | 41.18 | 140.0 | 44.84 | 58.89 | 152.48 | 12.81 | -13.39 | 31.65 | 97.63 | 22.04 | 171.2 | 2.84 | -85.78 | -95.56 | 11.35 | -36.8 | 0 |
| 21Q1 (6) | 1.14 | -3.39 | 976.92 | 47.82 | -7.47 | -8.3 | 21.97 | -11.48 | 162.81 | 27.61 | -8.55 | 334.58 | 27.61 | -8.06 | 334.58 | 5.44 | -5.88 | 888.41 | 4.82 | -7.66 | 865.08 | 0.17 | 0.0 | 240.0 | 28.22 | -8.14 | 399.89 | 14.79 | 33.85 | 55.03 | 80.00 | -3.16 | -73.33 | 20.00 | 15.0 | 110.0 | 17.96 | -1.37 | -69.33 |
| 20Q4 (5) | 1.18 | 10.28 | 11900.0 | 51.68 | 1.47 | -4.54 | 24.82 | 3.81 | 229.54 | 30.19 | 0.73 | 967.53 | 30.03 | 0.2 | 8002.63 | 5.78 | 3.4 | 19366.67 | 5.22 | 2.76 | 17500.0 | 0.17 | 0.0 | 142.86 | 30.72 | -0.32 | 1835.59 | 11.05 | 5.24 | 27.01 | 82.61 | 3.57 | -84.98 | 17.39 | -14.07 | 103.86 | 18.21 | 4.48 | -63.12 |
| 20Q3 (4) | 1.07 | 234.38 | 0.0 | 50.93 | 0.47 | 0.0 | 23.91 | 299.17 | 0.0 | 29.97 | 82.52 | 0.0 | 29.97 | 82.52 | 0.0 | 5.59 | 223.12 | 0.0 | 5.08 | 221.52 | 0.0 | 0.17 | 70.0 | 0.0 | 30.82 | 73.54 | 0.0 | 10.50 | 7.91 | 0.0 | 79.76 | 121.56 | 0.0 | 20.24 | -68.38 | 0.0 | 17.43 | 0 | 0.0 |
| 20Q2 (3) | 0.32 | 346.15 | 0.0 | 50.69 | -2.8 | 0.0 | 5.99 | 117.12 | 0.0 | 16.42 | 239.51 | 0.0 | 16.42 | 239.51 | 0.0 | 1.73 | 350.72 | 0.0 | 1.58 | 350.79 | 0.0 | 0.10 | 100.0 | 0.0 | 17.76 | 288.74 | 0.0 | 9.73 | 1.99 | 0.0 | 36.00 | -88.0 | 0.0 | 64.00 | 132.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.13 | -1200.0 | 0.0 | 52.15 | -3.68 | 0.0 | -34.98 | -82.57 | 0.0 | -11.77 | -238.22 | 0.0 | -11.77 | -2997.37 | 0.0 | -0.69 | -2200.0 | 0.0 | -0.63 | -2000.0 | 0.0 | 0.05 | -28.57 | 0.0 | -9.41 | -431.64 | 0.0 | 9.54 | 9.66 | 0.0 | 300.00 | -45.45 | 0.0 | -200.00 | 55.56 | 0.0 | 58.55 | 18.59 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 54.14 | 0.0 | 0.0 | -19.16 | 0.0 | 0.0 | -3.48 | 0.0 | 0.0 | -0.38 | 0.0 | 0.0 | -0.03 | 0.0 | 0.0 | -0.03 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -1.77 | 0.0 | 0.0 | 8.70 | 0.0 | 0.0 | 550.00 | 0.0 | 0.0 | -450.00 | 0.0 | 0.0 | 49.37 | 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) | -1.34 | 0 | 44.83 | 135.45 | -45.12 | 0 | 1.67 | 102.63 | -26.67 | 0 | -24.97 | 0 | -6.33 | 0 | -5.85 | 0 | 0.23 | -36.11 | -24.64 | 0 | 6.95 | -24.04 | 169.37 | 7.78 | -69.37 | 0 | 0.41 | -6.87 | 64.37 | 140.19 |
| 2022 (9) | -1.63 | 0 | 19.04 | -62.86 | -22.70 | 0 | 0.83 | 106.61 | -14.50 | 0 | -17.46 | 0 | -7.11 | 0 | -6.35 | 0 | 0.36 | -52.0 | -13.22 | 0 | 9.15 | -36.46 | 157.14 | 75.88 | -57.14 | 0 | 0.44 | 212.25 | 26.80 | 73.24 |
| 2021 (8) | 5.75 | 135.66 | 51.27 | -0.04 | 29.06 | 96.09 | 0.40 | -34.24 | 32.51 | 40.07 | 30.15 | 30.24 | 25.68 | 109.8 | 22.77 | 104.58 | 0.75 | 56.25 | 33.13 | 36.84 | 14.40 | 30.32 | 89.34 | 39.88 | 10.66 | -70.5 | 0.14 | 27.2 | 15.47 | -37.16 |
| 2020 (7) | 2.44 | 0 | 51.29 | -3.93 | 14.82 | 0 | 0.61 | -50.97 | 23.21 | 0 | 23.15 | 0 | 12.24 | 0 | 11.13 | 0 | 0.48 | 92.0 | 24.21 | 0 | 11.05 | 27.01 | 63.87 | -84.03 | 36.13 | 0 | 0.11 | 75.0 | 24.62 | -54.71 |
| 2019 (6) | -0.61 | 0 | 53.39 | -3.94 | -26.75 | 0 | 1.24 | 99.75 | -6.80 | 0 | -11.91 | 0 | -3.20 | 0 | -2.93 | 0 | 0.25 | -13.79 | -5.21 | 0 | 8.70 | -12.74 | 400.00 | -28.09 | -296.30 | 0 | 0.06 | 4.95 | 54.36 | 19.68 |
| 2018 (5) | -0.33 | 0 | 55.58 | 0.82 | -18.39 | 0 | 0.62 | -23.81 | -3.33 | 0 | -5.32 | 0 | -1.66 | 0 | -1.52 | 0 | 0.29 | 38.1 | -2.48 | 0 | 9.97 | 29.65 | 556.25 | 0 | -456.25 | 0 | 0.06 | 0 | 45.42 | -14.93 |
| 2017 (4) | 2.33 | 170.93 | 55.13 | -6.42 | -18.92 | 0 | 0.82 | -67.39 | 49.97 | 157.18 | 49.44 | 195.34 | 11.38 | 169.67 | 10.55 | 166.41 | 0.21 | -12.5 | 52.17 | 131.87 | 7.69 | -4.59 | -38.04 | 0 | 137.50 | 17.86 | 0.00 | 0 | 53.39 | 20.27 |
| 2016 (3) | 0.86 | -30.65 | 58.91 | -5.05 | -3.44 | 0 | 2.50 | -42.97 | 19.43 | -27.28 | 16.74 | -36.3 | 4.22 | -34.37 | 3.96 | -34.98 | 0.24 | 4.35 | 22.50 | -29.8 | 8.06 | 57.12 | -17.95 | 0 | 116.67 | 3.82 | 0.00 | 0 | 44.39 | -0.96 |
| 2015 (2) | 1.24 | 18.1 | 62.04 | 0.19 | -3.28 | 0 | 4.38 | -11.84 | 26.72 | 11.61 | 26.28 | 17.79 | 6.43 | 16.49 | 6.09 | 16.67 | 0.23 | 0.0 | 32.05 | 8.42 | 5.13 | -13.49 | -12.37 | 0 | 112.37 | -11.12 | 0.00 | 0 | 44.82 | -2.31 |
| 2014 (1) | 1.05 | 2525.0 | 61.92 | 0 | -6.34 | 0 | 4.97 | -13.21 | 23.94 | 0 | 22.31 | 0 | 5.52 | 0 | 5.22 | 0 | 0.23 | -8.0 | 29.56 | 305.49 | 5.93 | 11.05 | -26.44 | 0 | 126.44 | 0 | 0.00 | 0 | 45.88 | -2.34 |
