- 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) | 0.13 | -67.5 | 0 | 19.79 | 7.44 | 6.4 | 2.32 | -69.99 | -61.27 | 7.10 | -25.5 | 1348.98 | 6.36 | -30.03 | 1770.59 | 0.85 | -57.07 | 1600.0 | 0.63 | -45.69 | 162.5 | 0.07 | -30.0 | 0.0 | 30.15 | 27.81 | 45.3 | 100.43 | -5.84 | -12.97 | 32.35 | -60.1 | -96.97 | 67.65 | 257.56 | 107.0 | 18.62 | 51.51 | 11.56 |
| 24Q2 (19) | 0.40 | 60.0 | 3900.0 | 18.42 | 8.35 | 15.99 | 7.73 | -7.31 | 644.37 | 9.53 | 9.29 | 1366.15 | 9.09 | 24.35 | 549.29 | 1.98 | 33.78 | 1064.71 | 1.16 | 26.09 | 300.0 | 0.10 | 0.0 | 66.67 | 23.59 | 1.64 | -8.95 | 106.66 | -2.88 | -2.86 | 81.08 | -15.0 | 140.54 | 18.92 | 309.91 | -93.69 | 12.29 | -5.9 | -42.19 |
| 24Q1 (18) | 0.25 | 0 | 177.78 | 17.00 | 108.08 | -28.27 | 8.34 | 582.08 | -14.02 | 8.72 | 837.63 | 76.52 | 7.31 | 348.47 | 64.64 | 1.48 | 377.42 | 179.25 | 0.92 | 155.56 | 95.74 | 0.10 | 11.11 | 66.67 | 23.21 | 36.85 | -18.56 | 109.82 | 1.17 | 17.37 | 95.38 | 147.69 | -52.31 | 4.62 | -98.46 | 104.86 | 13.06 | -1.8 | -42.26 |
| 23Q4 (17) | 0.00 | 0 | 100.0 | 8.17 | -56.08 | 23.98 | -1.73 | -128.88 | 75.56 | 0.93 | 89.8 | 106.3 | 1.63 | 379.41 | 112.53 | 0.31 | 520.0 | 120.26 | 0.36 | 50.0 | 156.25 | 0.09 | 28.57 | 50.0 | 16.96 | -18.27 | 112.53 | 108.55 | -5.94 | 19.81 | -200.00 | -118.75 | -521.43 | 300.00 | 131.03 | 470.97 | 13.30 | -20.31 | -40.89 |
| 23Q3 (16) | 0.00 | -100.0 | 100.0 | 18.60 | 17.13 | 106.21 | 5.99 | 521.83 | 366.22 | 0.49 | -24.62 | 108.99 | 0.34 | -75.71 | 105.84 | 0.05 | -70.59 | 106.25 | 0.24 | -17.24 | 188.89 | 0.07 | 16.67 | -12.5 | 20.75 | -19.92 | 51.35 | 115.40 | 5.1 | 45.27 | 1066.67 | 633.33 | 2421.21 | -966.67 | -422.22 | -1775.56 | 16.69 | -21.5 | -8.2 |
| 23Q2 (15) | 0.01 | -88.89 | 101.56 | 15.88 | -33.0 | 434.32 | -1.42 | -114.64 | 94.13 | 0.65 | -86.84 | 102.1 | 1.40 | -68.47 | 104.94 | 0.17 | -67.92 | 105.76 | 0.29 | -38.3 | 120.28 | 0.06 | 0.0 | 0.0 | 25.91 | -9.09 | 477.15 | 109.80 | 17.35 | 31.47 | -200.00 | -200.0 | -356.82 | 300.00 | 415.79 | 1312.5 | 21.26 | -6.01 | 22.47 |
| 23Q1 (14) | 0.09 | 123.08 | 122.5 | 23.70 | 259.64 | 971.32 | 9.70 | 237.01 | 162.78 | 4.94 | 133.47 | 133.47 | 4.44 | 134.13 | 127.04 | 0.53 | 134.64 | 124.88 | 0.47 | 173.44 | 147.47 | 0.06 | 0.0 | -14.29 | 28.50 | 257.14 | 497.48 | 93.57 | 3.28 | 6.15 | 200.00 | 321.43 | 91.55 | -95.00 | -280.81 | -2053.33 | 22.62 | 0.53 | 23.54 |
| 22Q4 (13) | -0.39 | -105.26 | -5.41 | 6.59 | -26.94 | 113.96 | -7.08 | -214.67 | 32.05 | -14.76 | -170.83 | -11.31 | -13.01 | -123.54 | -2.93 | -1.53 | -91.25 | 27.83 | -0.64 | -137.04 | 36.63 | 0.06 | -25.0 | -33.33 | 7.98 | -41.79 | 504.55 | 90.60 | 14.05 | 3.92 | 47.46 | 12.17 | -38.98 | 52.54 | -8.93 | 150.35 | 22.50 | 23.76 | 20.9 |
| 22Q3 (12) | -0.19 | 70.31 | 61.22 | 9.02 | 289.89 | 357.87 | -2.25 | 90.7 | 83.8 | -5.45 | 82.37 | 76.6 | -5.82 | 79.46 | 72.71 | -0.80 | 72.88 | 65.81 | -0.27 | 81.12 | 76.32 | 0.08 | 33.33 | 33.33 | 13.71 | 299.56 | 1214.63 | 79.44 | -4.89 | -1.56 | 42.31 | -45.67 | -28.98 | 57.69 | 171.63 | 42.71 | 18.18 | 4.72 | 1.73 |
| 22Q2 (11) | -0.64 | -60.0 | -255.56 | -4.75 | -74.63 | -144.1 | -24.19 | -56.57 | -346.31 | -30.92 | -109.49 | -214.55 | -28.33 | -72.53 | -188.79 | -2.95 | -38.5 | -201.02 | -1.43 | -44.44 | -257.5 | 0.06 | -14.29 | 20.0 | -6.87 | -244.03 | -148.35 | 83.52 | -5.25 | -1.81 | 77.88 | -25.41 | 44.07 | 21.24 | 581.42 | -50.88 | 17.36 | -5.19 | -10.7 |
| 22Q1 (10) | -0.40 | -8.11 | -29.03 | -2.72 | -188.31 | -144.66 | -15.45 | -48.27 | -22.23 | -14.76 | -11.31 | 4.77 | -16.42 | -29.91 | 0.42 | -2.13 | -0.47 | -42.0 | -0.99 | 1.98 | -41.43 | 0.07 | -22.22 | 40.0 | 4.77 | 261.36 | -50.72 | 88.15 | 1.11 | 13.42 | 104.41 | 34.24 | 28.69 | -4.41 | -121.02 | -123.38 | 18.31 | -1.61 | -8.86 |
| 21Q4 (9) | -0.37 | 24.49 | -362.5 | 3.08 | 56.35 | -67.85 | -10.42 | 24.98 | -60.55 | -13.26 | 43.07 | -214.96 | -12.64 | 40.74 | -171.83 | -2.12 | 9.4 | -315.69 | -1.01 | 11.4 | -741.67 | 0.09 | 50.0 | 50.0 | 1.32 | 207.32 | -92.53 | 87.18 | 8.03 | 8.91 | 77.78 | 30.56 | -49.15 | 20.99 | -48.08 | 139.64 | 18.61 | 4.14 | 9.02 |
| 21Q3 (8) | -0.49 | -172.22 | -308.33 | 1.97 | -81.71 | -59.71 | -13.89 | -156.27 | -47.14 | -23.29 | -136.93 | -162.27 | -21.33 | -117.43 | -130.59 | -2.34 | -138.78 | -192.5 | -1.14 | -185.0 | -322.22 | 0.06 | 20.0 | 50.0 | -1.23 | -108.66 | -105.97 | 80.70 | -5.13 | -13.86 | 59.57 | 10.21 | -44.68 | 40.43 | -6.52 | 625.53 | 17.87 | -8.08 | -24.85 |
| 21Q2 (7) | -0.18 | 41.94 | -1000.0 | 10.77 | 76.85 | -31.75 | -5.42 | 57.12 | -303.0 | -9.83 | 36.58 | -6043.75 | -9.81 | 40.51 | -352.07 | -0.98 | 34.67 | -276.92 | -0.40 | 42.86 | -4100.0 | 0.05 | 0.0 | -16.67 | 14.21 | 46.8 | -32.65 | 85.06 | 9.44 | -6.87 | 54.05 | -33.38 | 104.91 | 43.24 | 129.19 | -96.4 | 19.44 | -3.24 | 0 |
| 21Q1 (6) | -0.31 | -287.5 | 0 | 6.09 | -36.43 | -71.79 | -12.64 | -94.76 | -492.55 | -15.50 | -268.17 | -976.39 | -16.49 | -254.62 | -353.02 | -1.50 | -194.12 | -328.57 | -0.70 | -483.33 | 0 | 0.05 | -16.67 | 0.0 | 9.68 | -45.25 | -62.97 | 77.72 | -2.91 | -27.13 | 81.13 | -46.95 | 136.88 | 18.87 | 135.64 | -93.71 | 20.09 | 17.69 | 0 |
| 20Q4 (5) | -0.08 | 33.33 | -150.0 | 9.58 | 95.91 | -31.33 | -6.49 | 31.25 | -1542.22 | -4.21 | 52.59 | -245.67 | -4.65 | 49.73 | -653.57 | -0.51 | 36.25 | -563.64 | -0.12 | 55.56 | -150.0 | 0.06 | 50.0 | -14.29 | 17.68 | -14.22 | -23.0 | 80.05 | -14.56 | -19.28 | 152.94 | 42.02 | 894.12 | -52.94 | -588.24 | -162.57 | 17.07 | -28.22 | -4.74 |
| 20Q3 (4) | -0.12 | -700.0 | 0.0 | 4.89 | -69.01 | 0.0 | -9.44 | -453.56 | 0.0 | -8.88 | -5450.0 | 0.0 | -9.25 | -326.27 | 0.0 | -0.80 | -207.69 | 0.0 | -0.27 | -2800.0 | 0.0 | 0.04 | -33.33 | 0.0 | 20.61 | -2.32 | 0.0 | 93.69 | 2.58 | 0.0 | 107.69 | 109.79 | 0.0 | -7.69 | -100.64 | 0.0 | 23.78 | 0 | 0.0 |
| 20Q2 (3) | 0.02 | 0 | 0.0 | 15.78 | -26.91 | 0.0 | 2.67 | -17.08 | 0.0 | -0.16 | 88.89 | 0.0 | -2.17 | 40.38 | 0.0 | -0.26 | 25.71 | 0.0 | 0.01 | 0 | 0.0 | 0.06 | 20.0 | 0.0 | 21.10 | -19.28 | 0.0 | 91.33 | -14.36 | 0.0 | -1100.00 | -400.0 | 0.0 | 1200.00 | 300.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.00 | -100.0 | 0.0 | 21.59 | 54.77 | 0.0 | 3.22 | 615.56 | 0.0 | -1.44 | -149.83 | 0.0 | -3.64 | -533.33 | 0.0 | -0.35 | -418.18 | 0.0 | 0.00 | -100.0 | 0.0 | 0.05 | -28.57 | 0.0 | 26.14 | 13.85 | 0.0 | 106.65 | 7.54 | 0.0 | -220.00 | -1530.0 | 0.0 | 300.00 | 254.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.16 | 0.0 | 0.0 | 13.95 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | 2.89 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 22.96 | 0.0 | 0.0 | 99.17 | 0.0 | 0.0 | 15.38 | 0.0 | 0.0 | 84.62 | 0.0 | 0.0 | 17.92 | 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) | 0.09 | 0 | 15.56 | 570.69 | 2.63 | 0 | 8.85 | 3.7 | 1.56 | 0 | 1.81 | 0 | 1.04 | 0 | 1.33 | 0 | 0.29 | 11.54 | 22.01 | 302.38 | 108.55 | 19.81 | 168.75 | 125.85 | -68.75 | 0 | 24.71 | -20.45 | 17.67 | -7.29 |
| 2022 (9) | -1.62 | 0 | 2.32 | -54.33 | -11.66 | 0 | 8.53 | -2.39 | -15.62 | 0 | -15.21 | 0 | -7.41 | 0 | -3.28 | 0 | 0.26 | 0.0 | 5.47 | 6.21 | 90.60 | 3.92 | 74.72 | 8.2 | 25.28 | -18.29 | 31.06 | 0.21 | 19.06 | 0.79 |
| 2021 (8) | -1.36 | 0 | 5.08 | -61.4 | -10.59 | 0 | 8.74 | -16.29 | -15.31 | 0 | -14.83 | 0 | -6.98 | 0 | -3.24 | 0 | 0.26 | 23.81 | 5.15 | -75.81 | 87.18 | 8.91 | 69.06 | 3.58 | 30.94 | -7.17 | 30.99 | -3.26 | 18.91 | -5.4 |
| 2020 (7) | -0.19 | 0 | 13.16 | 13.74 | -2.22 | 0 | 10.44 | 1.17 | -3.36 | 0 | -4.64 | 0 | -1.85 | 0 | -0.36 | 0 | 0.21 | -8.7 | 21.29 | 25.24 | 80.05 | -19.28 | 66.67 | -13.42 | 33.33 | 44.93 | 32.03 | -1.43 | 19.99 | -5.31 |
| 2019 (6) | -0.51 | 0 | 11.57 | -11.95 | -5.10 | 0 | 10.32 | 81.21 | -6.61 | 0 | -8.31 | 0 | -3.56 | 0 | -1.24 | 0 | 0.23 | -25.81 | 17.00 | 36.33 | 99.17 | 38.39 | 77.00 | 16.74 | 23.00 | -32.44 | 32.50 | -10.25 | 21.11 | 35.15 |
| 2018 (5) | 0.01 | -97.22 | 13.14 | -20.89 | -1.60 | 0 | 5.69 | 6.92 | -2.41 | 0 | -4.21 | 0 | -2.24 | 0 | -0.71 | 0 | 0.31 | -8.82 | 12.47 | 21.54 | 71.66 | 5.3 | 65.96 | -91.76 | 34.04 | 0 | 36.21 | 0 | 15.62 | -3.04 |
| 2017 (4) | 0.36 | -50.68 | 16.61 | -8.89 | 1.97 | -31.12 | 5.32 | 10.51 | 0.24 | -88.84 | -1.68 | 0 | -0.96 | 0 | 0.09 | -88.16 | 0.34 | 3.03 | 10.26 | -2.29 | 68.05 | 1.63 | 800.00 | 503.77 | -700.00 | 0 | 0.00 | 0 | 16.11 | 11.72 |
| 2016 (3) | 0.73 | 2333.33 | 18.23 | 17.61 | 2.86 | 0 | 4.82 | 8.39 | 2.15 | 0 | 0.37 | 0 | 0.19 | 0 | 0.76 | 0 | 0.33 | 10.0 | 10.50 | 126.78 | 66.96 | 21.39 | 132.50 | 69.15 | -32.50 | 0 | 0.00 | 0 | 14.42 | -10.38 |
| 2015 (2) | 0.03 | -97.83 | 15.50 | -11.53 | -2.93 | 0 | 4.45 | 65.55 | -3.76 | 0 | -4.90 | 0 | -2.36 | 0 | -0.83 | 0 | 0.30 | -33.33 | 4.63 | -47.92 | 55.16 | -16.45 | 78.33 | 94.48 | 21.67 | -63.72 | 0.00 | 0 | 16.09 | 28.11 |
| 2014 (1) | 1.38 | -34.6 | 17.52 | 0 | 1.40 | 0 | 2.69 | 2.05 | 3.52 | 0 | 1.06 | 0 | 0.78 | 0 | 1.07 | 0 | 0.45 | -22.41 | 8.89 | -35.53 | 66.02 | 14.04 | 40.28 | -40.27 | 59.72 | 83.36 | 0.00 | 0 | 12.56 | 0.8 |
