- 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) | -0.02 | -125.0 | 96.0 | 18.57 | -19.3 | 65.07 | -7.39 | -312.36 | 47.14 | -2.49 | -134.39 | 92.01 | -2.65 | -149.72 | 92.19 | -0.15 | -128.85 | 95.3 | -0.04 | -108.89 | 97.84 | 0.04 | -42.86 | -33.33 | 5.26 | -57.03 | 121.79 | 28.26 | -22.83 | -52.38 | 400.00 | 833.33 | 800.0 | -300.00 | -625.0 | -640.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.08 | -27.27 | 142.11 | 23.01 | 27.27 | 99.39 | 3.48 | 700.0 | 140.23 | 7.24 | -15.72 | 166.0 | 5.33 | -21.27 | 148.68 | 0.52 | -25.71 | 140.31 | 0.45 | -22.41 | 171.43 | 0.07 | 0.0 | 0.0 | 12.24 | -11.69 | 694.17 | 36.62 | -4.34 | -44.43 | 42.86 | 485.71 | -41.07 | 57.14 | -42.86 | 214.29 | 14.79 | 10.87 | 4.52 |
| 24Q1 (18) | 0.11 | 283.33 | 132.35 | 18.08 | -13.37 | 308.13 | -0.58 | -111.65 | 95.98 | 8.59 | 312.1 | 160.62 | 6.77 | 303.92 | 150.0 | 0.70 | 294.44 | 137.63 | 0.58 | 627.27 | 162.37 | 0.07 | 0.0 | -12.5 | 13.86 | 1300.0 | 374.46 | 38.28 | -17.38 | -52.05 | -11.11 | 91.11 | -111.11 | 100.00 | -55.56 | 0 | 13.34 | 52.81 | 0.08 |
| 23Q4 (17) | -0.06 | 88.0 | 80.65 | 20.87 | 85.51 | 149.94 | 4.98 | 135.62 | 167.12 | -4.05 | 87.0 | 65.94 | -3.32 | 90.22 | 68.5 | -0.36 | 88.71 | 78.18 | -0.11 | 94.05 | 86.25 | 0.07 | 16.67 | -22.22 | 0.99 | 104.1 | 122.76 | 46.33 | -21.94 | -39.06 | -125.00 | -381.25 | -294.44 | 225.00 | 305.0 | 530.0 | 8.73 | -37.86 | -17.95 |
| 23Q3 (16) | -0.50 | -163.16 | -194.12 | 11.25 | -2.51 | 92.64 | -13.98 | -61.62 | 11.91 | -31.15 | -183.96 | -320.38 | -33.95 | -210.05 | -340.91 | -3.19 | -147.29 | -254.44 | -1.85 | -193.65 | -351.22 | 0.06 | -14.29 | -14.29 | -24.14 | -1071.84 | -1149.57 | 59.35 | -9.94 | -24.15 | 44.44 | -38.89 | -80.95 | 55.56 | 205.56 | 147.62 | 14.05 | -0.71 | 3.23 |
| 23Q2 (15) | -0.19 | 44.12 | 51.28 | 11.54 | 160.5 | 243.45 | -8.65 | 40.1 | 42.87 | -10.97 | 22.58 | 26.96 | -10.95 | 19.13 | 16.09 | -1.29 | 30.65 | 35.82 | -0.63 | 32.26 | 40.57 | 0.07 | -12.5 | -22.22 | -2.06 | 59.21 | 73.45 | 65.90 | -17.45 | -12.62 | 72.73 | -27.27 | -31.31 | 18.18 | 0 | 0 | 14.15 | 6.15 | 45.88 |
| 23Q1 (14) | -0.34 | -9.68 | -21.43 | 4.43 | -46.95 | 592.19 | -14.44 | -94.61 | 26.1 | -14.17 | -19.18 | -42.41 | -13.54 | -28.46 | -46.22 | -1.86 | -12.73 | -24.83 | -0.93 | -16.25 | -29.17 | 0.08 | -11.11 | -11.11 | -5.05 | -16.09 | -45.11 | 79.83 | 5.0 | 4.56 | 100.00 | 55.56 | -52.17 | -0.00 | -100.0 | 100.0 | 13.33 | 25.28 | 11.18 |
| 22Q4 (13) | -0.31 | -82.35 | 22.5 | 8.35 | 42.98 | 80.35 | -7.42 | 53.25 | 35.59 | -11.89 | -60.46 | -8.58 | -10.54 | -36.88 | -3.74 | -1.65 | -83.33 | 15.38 | -0.80 | -95.12 | 13.98 | 0.09 | 28.57 | -10.0 | -4.35 | -289.13 | -10.41 | 76.03 | -2.84 | -22.59 | 64.29 | -72.45 | -40.0 | 35.71 | 130.61 | 600.0 | 10.64 | -21.82 | 16.54 |
| 22Q3 (12) | -0.17 | 56.41 | 59.52 | 5.84 | 73.81 | 5.04 | -15.87 | -4.82 | -15.59 | -7.41 | 50.67 | 48.15 | -7.70 | 41.0 | 39.51 | -0.90 | 55.22 | 56.73 | -0.41 | 61.32 | 64.04 | 0.07 | -22.22 | -30.0 | 2.30 | 129.64 | 135.17 | 78.25 | 3.75 | 7.49 | 233.33 | 120.37 | 133.33 | -116.67 | 0 | -1850.0 | 13.61 | 40.31 | 17.13 |
| 22Q2 (11) | -0.39 | -39.29 | -30.0 | 3.36 | 425.0 | -68.86 | -15.14 | 22.52 | -131.85 | -15.02 | -50.95 | -52.64 | -13.05 | -40.93 | -58.95 | -2.01 | -34.9 | -51.13 | -1.06 | -47.22 | -20.45 | 0.09 | 0.0 | -18.18 | -7.76 | -122.99 | -109.73 | 75.42 | -1.22 | 36.33 | 105.88 | -49.36 | 66.39 | -0.00 | 100.0 | -100.0 | 9.70 | -19.1 | -19.97 |
| 22Q1 (10) | -0.28 | 30.0 | 69.57 | 0.64 | -86.18 | 145.07 | -19.54 | -69.62 | 8.22 | -9.95 | 9.13 | 59.72 | -9.26 | 8.86 | 55.95 | -1.49 | 23.59 | 62.18 | -0.72 | 22.58 | 73.82 | 0.09 | -10.0 | -30.77 | -3.48 | 11.68 | 82.04 | 76.35 | -22.27 | 142.0 | 209.09 | 95.15 | 147.81 | -100.00 | -1300.0 | -900.0 | 11.99 | 31.33 | 12.37 |
| 21Q4 (9) | -0.40 | 4.76 | -1100.0 | 4.63 | -16.73 | -68.13 | -11.52 | 16.1 | -1394.38 | -10.95 | 23.37 | -1290.22 | -10.16 | 20.19 | -1947.27 | -1.95 | 6.25 | -1400.0 | -0.93 | 18.42 | -647.06 | 0.10 | 0.0 | -44.44 | -3.94 | 39.76 | -182.25 | 98.22 | 34.92 | 92.93 | 107.14 | 7.14 | 7.14 | -7.14 | -207.14 | 0 | 9.13 | -21.43 | 13.56 |
| 21Q3 (8) | -0.42 | -40.0 | -244.83 | 5.56 | -48.47 | -72.72 | -13.73 | -110.26 | -362.02 | -14.29 | -45.22 | -312.02 | -12.73 | -55.05 | -334.87 | -2.08 | -56.39 | -269.11 | -1.14 | -29.55 | -226.67 | 0.10 | -9.09 | -37.5 | -6.54 | -76.76 | -160.0 | 72.80 | 31.6 | 58.33 | 100.00 | 57.14 | 25.0 | 6.67 | -81.67 | -66.67 | 11.62 | -4.13 | 20.66 |
| 21Q2 (7) | -0.30 | 67.39 | -350.0 | 10.79 | 859.86 | -38.62 | -6.53 | 69.33 | -199.24 | -9.84 | 60.16 | -432.43 | -8.21 | 60.94 | -461.67 | -1.33 | 66.24 | -360.78 | -0.88 | 68.0 | -314.63 | 0.11 | -15.38 | -31.25 | -3.70 | 80.91 | -151.82 | 55.32 | 75.34 | 27.44 | 63.64 | -24.58 | -68.18 | 36.36 | 190.91 | 130.3 | 12.12 | 13.59 | 0 |
| 21Q1 (6) | -0.92 | -2400.0 | -360.0 | -1.42 | -109.77 | -111.59 | -21.29 | -2492.13 | -402.12 | -24.70 | -2784.78 | -418.91 | -21.02 | -3921.82 | -294.37 | -3.94 | -2726.67 | -374.7 | -2.75 | -1717.65 | -382.46 | 0.13 | -27.78 | 8.33 | -19.38 | -504.59 | -1147.57 | 31.55 | -38.03 | -11.67 | 84.38 | -15.62 | -15.62 | 12.50 | 0 | -37.5 | 10.67 | 32.71 | -3.87 |
| 20Q4 (5) | 0.04 | -86.21 | 133.33 | 14.53 | -28.7 | 3.56 | 0.89 | -83.02 | 256.0 | 0.92 | -86.35 | 141.07 | 0.55 | -89.85 | 120.52 | 0.15 | -87.8 | 131.25 | 0.17 | -81.11 | 150.0 | 0.18 | 12.5 | 28.57 | 4.79 | -56.06 | 51.1 | 50.91 | 10.72 | 60.9 | 100.00 | 25.0 | 0 | 0.00 | -100.0 | -100.0 | 8.04 | -16.51 | -2.19 |
| 20Q3 (4) | 0.29 | 141.67 | 0.0 | 20.38 | 15.93 | 0.0 | 5.24 | -20.36 | 0.0 | 6.74 | 127.7 | 0.0 | 5.42 | 138.77 | 0.0 | 1.23 | 141.18 | 0.0 | 0.90 | 119.51 | 0.0 | 0.16 | 0.0 | 0.0 | 10.90 | 52.66 | 0.0 | 45.98 | 5.92 | 0.0 | 80.00 | -60.0 | 0.0 | 20.00 | 116.67 | 0.0 | 9.63 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 160.0 | 0.0 | 17.58 | 43.51 | 0.0 | 6.58 | 255.19 | 0.0 | 2.96 | 162.18 | 0.0 | 2.27 | 142.59 | 0.0 | 0.51 | 161.45 | 0.0 | 0.41 | 171.93 | 0.0 | 0.16 | 33.33 | 0.0 | 7.14 | 285.95 | 0.0 | 43.41 | 21.53 | 0.0 | 200.00 | 100.0 | 0.0 | -120.00 | -700.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.20 | -66.67 | 0.0 | 12.25 | -12.69 | 0.0 | -4.24 | -1796.0 | 0.0 | -4.76 | -112.5 | 0.0 | -5.33 | -98.88 | 0.0 | -0.83 | -72.92 | 0.0 | -0.57 | -67.65 | 0.0 | 0.12 | -14.29 | 0.0 | 1.85 | -41.64 | 0.0 | 35.72 | 12.9 | 0.0 | 100.00 | 0 | 0.0 | 20.00 | -80.0 | 0.0 | 11.10 | 35.04 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 14.03 | 0.0 | 0.0 | 0.25 | 0.0 | 0.0 | -2.24 | 0.0 | 0.0 | -2.68 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | -0.34 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 3.17 | 0.0 | 0.0 | 31.64 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 8.22 | 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) | -1.07 | 0 | 12.08 | 170.85 | -7.79 | 0 | 5.73 | -7.91 | -14.55 | 0 | -14.83 | 0 | -6.77 | 0 | -3.76 | 0 | 0.29 | -12.12 | -6.77 | 0 | 46.33 | -39.06 | 53.57 | -57.66 | 46.43 | 0 | 0.00 | 0 | 12.50 | 10.23 |
| 2022 (9) | -1.15 | 0 | 4.46 | -3.04 | -14.41 | 0 | 6.22 | 17.21 | -11.31 | 0 | -10.30 | 0 | -6.37 | 0 | -3.01 | 0 | 0.33 | -15.38 | -3.46 | 0 | 76.03 | -22.59 | 126.53 | 42.35 | -26.53 | 0 | 0.00 | 0 | 11.34 | 5.0 |
| 2021 (8) | -1.92 | 0 | 4.60 | -71.95 | -13.55 | 0 | 5.31 | 28.45 | -15.22 | 0 | -13.27 | 0 | -9.08 | 0 | -4.91 | 0 | 0.39 | -36.07 | -8.70 | 0 | 98.22 | 92.93 | 88.89 | -28.89 | 11.11 | 0 | 0.00 | 0 | 10.80 | 24.42 |
| 2020 (7) | 0.24 | -66.67 | 16.40 | -18.25 | 2.54 | -58.02 | 4.13 | 57.27 | 1.92 | -60.82 | 1.19 | -63.72 | 1.03 | -65.78 | 0.94 | -62.7 | 0.61 | -16.44 | 6.61 | -14.49 | 50.91 | 60.9 | 125.00 | 2.56 | -33.33 | 0 | 0.09 | -56.53 | 8.68 | 1.05 |
| 2019 (6) | 0.72 | -23.4 | 20.06 | 6.53 | 6.05 | 20.52 | 2.63 | 48.81 | 4.90 | -8.92 | 3.28 | -18.81 | 3.01 | -20.16 | 2.52 | -20.0 | 0.73 | -1.35 | 7.73 | 2.52 | 31.64 | 71.12 | 121.88 | 33.67 | -21.88 | 0 | 0.22 | -8.38 | 8.59 | 6.44 |
| 2018 (5) | 0.94 | -14.55 | 18.83 | -12.66 | 5.02 | -31.23 | 1.77 | -17.31 | 5.38 | -20.53 | 4.04 | -18.88 | 3.77 | -16.41 | 3.15 | -11.76 | 0.74 | 10.45 | 7.54 | -18.49 | 18.49 | -49.56 | 91.18 | -15.49 | 5.88 | 0 | 0.24 | 0 | 8.07 | 6.04 |
| 2017 (4) | 1.10 | -60.85 | 21.56 | -6.26 | 7.30 | -36.41 | 2.14 | 55.23 | 6.77 | -41.03 | 4.98 | -47.02 | 4.51 | -59.98 | 3.57 | -60.6 | 0.67 | -28.72 | 9.25 | -29.92 | 36.66 | 13.53 | 107.89 | 7.89 | -7.89 | 0 | 0.00 | 0 | 7.61 | 5.55 |
| 2016 (3) | 2.81 | 4.85 | 23.00 | 12.41 | 11.48 | 6.89 | 1.38 | 0.66 | 11.48 | 20.59 | 9.40 | 21.6 | 11.27 | 1.62 | 9.06 | 1.12 | 0.94 | -15.32 | 13.20 | 16.81 | 32.29 | 39.36 | 100.00 | -10.47 | 0.00 | 0 | 0.00 | 0 | 7.21 | 19.57 |
| 2015 (2) | 2.68 | 107.75 | 20.46 | 67.16 | 10.74 | 193.44 | 1.37 | -8.67 | 9.52 | 115.87 | 7.73 | 116.53 | 11.09 | 60.26 | 8.96 | 71.32 | 1.11 | -11.9 | 11.30 | 74.38 | 23.17 | -34.92 | 111.69 | 34.8 | -12.99 | 0 | 0.00 | 0 | 6.03 | 28.3 |
| 2014 (1) | 1.29 | 1333.33 | 12.24 | 0 | 3.66 | 0 | 1.50 | -8.23 | 4.41 | 0 | 3.57 | 0 | 6.92 | 0 | 5.23 | 0 | 1.26 | 0 | 6.48 | 25.58 | 35.60 | -57.45 | 82.86 | -25.86 | 17.14 | 0 | 0.00 | 0 | 4.70 | 19.29 |
