- 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) | 0.06 | -53.85 | -70.0 | 16.16 | -29.34 | 3.46 | 3.24 | -69.78 | -55.74 | 4.14 | -40.35 | -50.71 | 3.64 | -45.18 | -55.34 | 0.58 | -50.43 | -67.42 | 0.42 | -40.0 | -58.82 | 0.08 | -11.11 | -27.27 | 17.41 | -2.19 | 1.99 | 106.88 | 0.48 | 10.66 | 76.67 | -50.39 | -12.38 | 20.00 | 136.67 | 60.0 | 18.32 | -4.43 | 16.91 |
| 24Q2 (19) | 0.13 | -60.61 | 116.67 | 22.87 | 4.05 | 71.7 | 10.72 | -11.7 | 505.65 | 6.94 | -51.91 | 121.73 | 6.64 | -53.76 | 125.08 | 1.17 | -59.23 | 112.73 | 0.70 | -55.97 | 66.67 | 0.09 | -10.0 | 0.0 | 17.80 | -25.68 | 32.64 | 106.37 | 13.49 | -4.81 | 154.55 | 84.88 | 167.88 | -54.55 | -449.09 | -228.93 | 19.17 | 11.07 | -1.64 |
| 24Q1 (18) | 0.33 | 430.0 | -17.5 | 21.98 | 25.24 | 16.79 | 12.14 | 41.99 | 3.14 | 14.43 | 484.8 | 23.44 | 14.36 | 472.02 | 23.05 | 2.87 | 450.0 | -19.83 | 1.59 | 630.0 | -12.15 | 0.10 | -9.09 | -28.57 | 23.95 | 354.46 | 32.98 | 93.73 | -3.63 | -13.49 | 83.59 | 137.04 | -16.93 | 15.62 | -95.2 | 2568.75 | 17.26 | 21.04 | 33.28 |
| 23Q4 (17) | -0.10 | -150.0 | -150.0 | 17.55 | 12.36 | 7.01 | 8.55 | 16.8 | -20.02 | -3.75 | -144.64 | -189.71 | -3.86 | -147.36 | -190.4 | -0.82 | -146.07 | -148.24 | -0.30 | -129.41 | -133.33 | 0.11 | 0.0 | -38.89 | 5.27 | -69.13 | -46.66 | 97.26 | 0.7 | -19.55 | -225.71 | -357.96 | -188.81 | 325.71 | 2505.71 | 311.27 | 14.26 | -9.0 | 51.86 |
| 23Q3 (16) | 0.20 | 233.33 | -20.0 | 15.62 | 17.27 | 13.68 | 7.32 | 313.56 | 23.03 | 8.40 | 168.37 | 16.34 | 8.15 | 176.27 | 16.93 | 1.78 | 223.64 | -29.08 | 1.02 | 142.86 | -12.82 | 0.11 | 22.22 | -26.67 | 17.07 | 27.2 | 29.51 | 96.58 | -13.57 | -23.26 | 87.50 | 51.67 | 5.42 | 12.50 | -70.45 | -30.56 | 15.67 | -19.6 | 20.35 |
| 23Q2 (15) | 0.06 | -85.0 | -62.5 | 13.32 | -29.22 | 12.6 | 1.77 | -84.96 | -50.42 | 3.13 | -73.22 | -40.94 | 2.95 | -74.72 | -43.38 | 0.55 | -84.64 | -68.57 | 0.42 | -76.8 | -48.15 | 0.09 | -35.71 | -30.77 | 13.42 | -25.49 | 10.73 | 111.74 | 3.14 | -31.67 | 57.69 | -42.67 | -14.84 | 42.31 | 6784.62 | 31.15 | 19.49 | 50.5 | 39.61 |
| 23Q1 (14) | 0.40 | 100.0 | 233.33 | 18.82 | 14.76 | 142.84 | 11.77 | 10.1 | 334.32 | 11.69 | 179.67 | 202.07 | 11.67 | 173.3 | 204.7 | 3.58 | 110.59 | 188.71 | 1.81 | 101.11 | 196.72 | 0.14 | -22.22 | 16.67 | 18.01 | 82.29 | 59.66 | 108.34 | -10.38 | -29.79 | 100.63 | -60.41 | 44.24 | -0.63 | 99.59 | -102.09 | 12.95 | 37.91 | -10.69 |
| 22Q4 (13) | 0.20 | -20.0 | 1900.0 | 16.40 | 19.36 | 47.48 | 10.69 | 79.66 | 125.05 | 4.18 | -42.11 | 6866.67 | 4.27 | -38.74 | 10775.0 | 1.70 | -32.27 | 8600.0 | 0.90 | -23.08 | 592.31 | 0.18 | 20.0 | 0.0 | 9.88 | -25.04 | 69.76 | 120.89 | -3.95 | -27.06 | 254.17 | 206.22 | -96.57 | -154.17 | -956.48 | 97.89 | 9.39 | -27.88 | -4.67 |
| 22Q3 (12) | 0.25 | 56.25 | 0.0 | 13.74 | 16.15 | 17.24 | 5.95 | 66.67 | 14.86 | 7.22 | 36.23 | 19.34 | 6.97 | 33.78 | 20.17 | 2.51 | 43.43 | -10.36 | 1.17 | 44.44 | -3.31 | 0.15 | 15.38 | -16.67 | 13.18 | 8.75 | 12.07 | 125.86 | -23.04 | -25.97 | 83.00 | 22.52 | -2.65 | 18.00 | -44.2 | 22.14 | 13.02 | -6.73 | 24.12 |
| 22Q2 (11) | 0.16 | 33.33 | 45.45 | 11.83 | 52.65 | 51.28 | 3.57 | 31.73 | 73.3 | 5.30 | 36.95 | 94.85 | 5.21 | 36.03 | 104.31 | 1.75 | 41.13 | 36.72 | 0.81 | 32.79 | 19.12 | 0.13 | 8.33 | -38.1 | 12.12 | 7.45 | 45.15 | 163.53 | 5.98 | 7.69 | 67.74 | -2.9 | -12.33 | 32.26 | 6.7 | 29.03 | 13.96 | -3.72 | 47.41 |
| 22Q1 (10) | 0.12 | 1100.0 | 271.43 | 7.75 | -30.31 | 31.8 | 2.71 | -42.95 | 244.15 | 3.87 | 6350.0 | 279.17 | 3.83 | 9675.0 | 270.22 | 1.24 | 6300.0 | 261.04 | 0.61 | 369.23 | 458.82 | 0.12 | -33.33 | -20.0 | 11.28 | 93.81 | 86.75 | 154.30 | -6.91 | 14.2 | 69.77 | -99.06 | -20.27 | 30.23 | 100.41 | 141.86 | 14.50 | 47.21 | 5.0 |
| 21Q4 (9) | 0.01 | -96.0 | 104.55 | 11.12 | -5.12 | 130.71 | 4.75 | -8.3 | 161.37 | 0.06 | -99.01 | 100.67 | -0.04 | -100.69 | 99.57 | -0.02 | -100.71 | 99.18 | 0.13 | -89.26 | 115.66 | 0.18 | 0.0 | 63.64 | 5.82 | -50.51 | 198.46 | 165.75 | -2.51 | 22.8 | 7400.00 | 8579.01 | 8514.93 | -7300.00 | -49635.71 | -51863.64 | 9.85 | -6.1 | -49.8 |
| 21Q3 (8) | 0.25 | 127.27 | -13.79 | 11.72 | 49.87 | -35.57 | 5.18 | 151.46 | -40.53 | 6.05 | 122.43 | -41.15 | 5.80 | 127.45 | -41.77 | 2.80 | 118.75 | -12.5 | 1.21 | 77.94 | -17.12 | 0.18 | -14.29 | 38.46 | 11.76 | 40.84 | -39.16 | 170.02 | 11.97 | 21.78 | 85.26 | 10.34 | 0.25 | 14.74 | -41.05 | -1.45 | 10.49 | 10.77 | -24.64 |
| 21Q2 (7) | 0.11 | 257.14 | -78.43 | 7.82 | 32.99 | -50.88 | 2.06 | 209.57 | -69.35 | 2.72 | 225.93 | -85.34 | 2.55 | 213.33 | -85.75 | 1.28 | 266.23 | -78.41 | 0.68 | 500.0 | -71.31 | 0.21 | 40.0 | 75.0 | 8.35 | 38.25 | -70.4 | 151.85 | 12.39 | -8.21 | 77.27 | -11.69 | 111.66 | 25.00 | 100.0 | -60.95 | 9.47 | -31.43 | -40.14 |
| 21Q1 (6) | -0.07 | 68.18 | 58.82 | 5.88 | 21.99 | 204.66 | -1.88 | 75.71 | 86.22 | -2.16 | 75.92 | 82.64 | -2.25 | 75.54 | 82.16 | -0.77 | 68.57 | 75.0 | -0.17 | 79.52 | 79.52 | 0.15 | 36.36 | 87.5 | 6.04 | 209.74 | 350.75 | 135.11 | 0.1 | -26.02 | 87.50 | 1.87 | -20.22 | 12.50 | -11.36 | 229.17 | 13.81 | -29.61 | -40.5 |
| 20Q4 (5) | -0.22 | -175.86 | 83.82 | 4.82 | -73.5 | 195.83 | -7.74 | -188.86 | 69.02 | -8.97 | -187.26 | 87.49 | -9.20 | -192.37 | 87.24 | -2.45 | -176.56 | 88.8 | -0.83 | -156.85 | 88.44 | 0.11 | -15.38 | 10.0 | 1.95 | -89.91 | 103.31 | 134.98 | -3.32 | -35.51 | 85.90 | 1.0 | 146.96 | 14.10 | -5.69 | -78.38 | 19.62 | 40.95 | -15.72 |
| 20Q3 (4) | 0.29 | -43.14 | 0.0 | 18.19 | 14.26 | 0.0 | 8.71 | 29.61 | 0.0 | 10.28 | -44.61 | 0.0 | 9.96 | -44.33 | 0.0 | 3.20 | -46.04 | 0.0 | 1.46 | -38.4 | 0.0 | 0.13 | 8.33 | 0.0 | 19.33 | -31.48 | 0.0 | 139.61 | -15.61 | 0.0 | 85.05 | 132.95 | 0.0 | 14.95 | -76.64 | 0.0 | 13.92 | -12.01 | 0.0 |
| 20Q2 (3) | 0.51 | 400.0 | 0.0 | 15.92 | 724.87 | 0.0 | 6.72 | 149.27 | 0.0 | 18.56 | 249.2 | 0.0 | 17.89 | 241.87 | 0.0 | 5.93 | 292.53 | 0.0 | 2.37 | 385.54 | 0.0 | 0.12 | 50.0 | 0.0 | 28.21 | 2005.22 | 0.0 | 165.43 | -9.41 | 0.0 | 36.51 | -66.71 | 0.0 | 64.02 | 761.55 | 0.0 | 15.82 | -31.84 | 0.0 |
| 20Q1 (2) | -0.17 | 87.5 | 0.0 | 1.93 | 138.37 | 0.0 | -13.64 | 45.4 | 0.0 | -12.44 | 82.65 | 0.0 | -12.61 | 82.51 | 0.0 | -3.08 | 85.92 | 0.0 | -0.83 | 88.44 | 0.0 | 0.08 | -20.0 | 0.0 | 1.34 | 102.27 | 0.0 | 182.62 | -12.75 | 0.0 | 109.68 | 215.32 | 0.0 | -9.68 | -114.84 | 0.0 | 23.21 | -0.3 | 0.0 |
| 19Q4 (1) | -1.36 | 0.0 | 0.0 | -5.03 | 0.0 | 0.0 | -24.98 | 0.0 | 0.0 | -71.72 | 0.0 | 0.0 | -72.10 | 0.0 | 0.0 | -21.87 | 0.0 | 0.0 | -7.18 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -58.98 | 0.0 | 0.0 | 209.30 | 0.0 | 0.0 | 34.78 | 0.0 | 0.0 | 65.22 | 0.0 | 0.0 | 23.28 | 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) | 0.56 | -23.29 | 16.66 | 28.65 | 7.95 | 26.59 | 6.74 | 30.87 | 5.65 | 9.71 | 5.52 | 8.66 | 5.16 | -27.83 | 3.03 | -13.92 | 0.45 | -23.73 | 13.94 | 21.32 | 97.26 | -19.55 | 140.43 | 15.01 | -40.87 | 0 | 0.00 | 0 | 15.22 | 23.04 |
| 2022 (9) | 0.73 | 143.33 | 12.95 | 38.06 | 6.28 | 118.82 | 5.15 | 1.14 | 5.15 | 160.1 | 5.08 | 177.6 | 7.15 | 117.33 | 3.52 | 85.26 | 0.59 | -18.06 | 11.49 | 41.15 | 120.89 | -27.06 | 122.10 | -15.69 | -22.10 | 0 | 0.01 | -54.37 | 12.37 | 16.04 |
| 2021 (8) | 0.30 | -3.23 | 9.38 | -15.5 | 2.87 | 0 | 5.09 | -37.79 | 1.98 | -41.94 | 1.83 | -39.8 | 3.29 | -6.8 | 1.90 | -8.65 | 0.72 | 67.44 | 8.14 | -42.11 | 165.75 | 22.8 | 144.83 | 0 | -44.83 | 0 | 0.02 | -56.38 | 10.66 | -39.71 |
| 2020 (7) | 0.31 | 0 | 11.10 | 0 | -0.27 | 0 | 8.18 | -12.07 | 3.41 | 0 | 3.04 | 0 | 3.53 | 0 | 2.08 | 0 | 0.43 | 2.38 | 14.06 | 0 | 134.98 | -35.51 | -8.00 | 0 | 108.00 | 387.64 | 0.05 | -43.94 | 17.68 | -11.64 |
| 2019 (6) | -2.44 | 0 | -2.53 | 0 | -19.70 | 0 | 9.31 | -17.32 | -25.31 | 0 | -25.43 | 0 | -35.26 | 0 | -9.75 | 0 | 0.42 | -31.15 | -13.16 | 0 | 209.30 | -15.44 | 77.85 | 26.95 | 22.15 | -42.73 | 0.09 | -32.94 | 20.01 | 15.87 |
| 2018 (5) | -12.61 | 0 | -16.92 | 0 | -28.59 | 0 | 11.26 | 24.48 | -46.62 | 0 | -48.47 | 0 | -86.21 | 0 | -28.60 | 0 | 0.61 | -19.74 | -32.56 | 0 | 247.51 | 48.64 | 61.32 | -25.78 | 38.68 | 122.64 | 0.14 | 0 | 17.27 | 32.95 |
| 2017 (4) | -5.92 | 0 | -2.62 | 0 | -10.19 | 0 | 9.04 | 12.27 | -12.34 | 0 | -13.11 | 0 | -24.59 | 0 | -9.11 | 0 | 0.76 | -15.56 | -1.70 | 0 | 166.52 | 26.65 | 82.63 | 16.87 | 17.37 | -40.71 | 0.00 | 0 | 12.99 | 28.36 |
| 2016 (3) | -1.86 | 0 | 4.19 | -36.99 | -1.29 | 0 | 8.06 | 1.78 | -1.83 | 0 | -3.15 | 0 | -6.56 | 0 | -2.20 | 0 | 0.90 | 11.11 | 7.31 | -11.71 | 131.48 | 0.7 | 70.70 | 0 | 29.30 | -83.73 | 0.00 | 0 | 10.12 | 9.41 |
| 2015 (2) | -1.37 | 0 | 6.65 | 682.35 | 0.55 | 0 | 7.91 | 15.41 | -0.69 | 0 | -2.54 | 0 | -4.56 | 0 | -1.48 | 0 | 0.81 | 15.71 | 8.28 | 167.1 | 130.57 | 20.34 | -80.12 | 0 | 180.12 | 27668.03 | 0.00 | 0 | 9.25 | -20.4 |
| 2014 (1) | -2.41 | 0 | 0.85 | 0 | -4.60 | 0 | 6.86 | -19.69 | -4.63 | 0 | -5.29 | 0 | -7.73 | 0 | -3.24 | 0 | 0.70 | -6.67 | 3.10 | -72.0 | 108.50 | -0.23 | 99.24 | -27.73 | 0.65 | 0 | 0.00 | 0 | 11.62 | 9.62 |
