- 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) | 0.12 | -66.67 | -69.23 | 17.37 | -8.63 | -4.87 | 2.48 | 111.97 | 166.67 | 4.80 | -71.7 | -66.34 | 4.49 | -69.06 | -59.98 | 0.50 | -63.77 | -68.55 | 0.46 | -62.9 | -67.61 | 0.10 | 11.11 | -23.08 | 5.38 | -69.79 | -63.87 | 8.93 | -23.35 | -22.42 | 50.00 | 516.67 | 683.33 | 50.00 | -47.14 | -46.59 | 11.57 | -21.82 | -9.4 |
| 24Q2 (19) | 0.36 | 0.0 | 38.46 | 19.01 | 8.13 | 7.04 | 1.17 | 431.82 | 277.42 | 16.96 | -2.75 | 58.65 | 14.51 | 4.39 | 75.88 | 1.38 | 1.47 | 39.39 | 1.24 | -0.8 | 39.33 | 0.09 | 0.0 | -18.18 | 17.81 | -1.82 | 58.59 | 11.65 | 1.48 | -5.82 | 8.11 | 216.22 | 143.24 | 94.59 | -5.41 | -2.14 | 14.80 | -4.39 | -3.33 |
| 24Q1 (18) | 0.36 | 1000.0 | 200.0 | 17.58 | 0.11 | -2.17 | 0.22 | -89.37 | -70.67 | 17.44 | 5229.41 | 225.37 | 13.90 | 1578.72 | 202.83 | 1.36 | 1233.33 | 166.67 | 1.25 | 1236.36 | 165.96 | 0.09 | -25.0 | -10.0 | 18.14 | 5235.29 | 194.96 | 11.48 | 50.85 | 3.99 | 2.56 | 100.43 | -82.05 | 100.00 | -85.71 | 16.67 | 15.48 | 31.19 | 1.18 |
| 23Q4 (17) | -0.04 | -110.26 | -233.33 | 17.56 | -3.83 | 3.23 | 2.07 | 122.58 | 72.5 | -0.34 | -102.38 | -180.95 | -0.94 | -108.38 | -175.81 | -0.12 | -107.55 | -185.71 | -0.11 | -107.75 | -184.62 | 0.12 | -7.69 | 20.0 | 0.34 | -97.72 | -70.18 | 7.61 | -33.88 | 6.58 | -600.00 | -9500.0 | -300.0 | 700.00 | 647.73 | 450.0 | 11.80 | -7.6 | -30.38 |
| 23Q3 (16) | 0.39 | 50.0 | -26.42 | 18.26 | 2.82 | -6.69 | 0.93 | 200.0 | -32.61 | 14.26 | 33.4 | -18.93 | 11.22 | 36.0 | -20.43 | 1.59 | 60.61 | -16.75 | 1.42 | 59.55 | -17.44 | 0.13 | 18.18 | 8.33 | 14.89 | 32.59 | -18.63 | 11.51 | -6.95 | 10.99 | 6.38 | 91.49 | -10.64 | 93.62 | -3.15 | 2.8 | 12.77 | -16.59 | -6.65 |
| 23Q2 (15) | 0.26 | 116.67 | -27.78 | 17.76 | -1.17 | -1.5 | 0.31 | -58.67 | -91.86 | 10.69 | 99.44 | -11.73 | 8.25 | 79.74 | -15.56 | 0.99 | 94.12 | -29.79 | 0.89 | 89.36 | -29.37 | 0.11 | 10.0 | -15.38 | 11.23 | 82.6 | -11.51 | 12.37 | 12.05 | 9.08 | 3.33 | -76.67 | -89.74 | 96.67 | 12.78 | 43.21 | 15.31 | 0.07 | 24.88 |
| 23Q1 (14) | 0.12 | 300.0 | -53.85 | 17.97 | 5.64 | 1.07 | 0.75 | -37.5 | -64.29 | 5.36 | 1176.19 | -49.58 | 4.59 | 270.16 | -42.91 | 0.51 | 264.29 | -54.87 | 0.47 | 261.54 | -53.0 | 0.10 | 0.0 | -16.67 | 6.15 | 439.47 | -45.33 | 11.04 | 54.62 | -14.88 | 14.29 | -95.24 | -30.61 | 85.71 | 142.86 | 7.94 | 15.30 | -9.73 | 26.76 |
| 22Q4 (13) | 0.03 | -94.34 | -66.67 | 17.01 | -13.08 | -12.41 | 1.20 | -13.04 | 475.0 | 0.42 | -97.61 | -87.08 | 1.24 | -91.21 | -41.78 | 0.14 | -92.67 | -53.33 | 0.13 | -92.44 | -50.0 | 0.10 | -16.67 | -16.67 | 1.14 | -93.77 | -69.76 | 7.14 | -31.15 | -47.62 | 300.00 | 4100.0 | 3100.0 | -200.00 | -319.61 | -281.82 | 16.95 | 23.9 | 23.81 |
| 22Q3 (12) | 0.53 | 47.22 | 165.0 | 19.57 | 8.54 | 23.7 | 1.38 | -63.78 | -59.65 | 17.59 | 45.25 | 135.48 | 14.10 | 44.32 | 140.2 | 1.91 | 35.46 | 105.38 | 1.72 | 36.51 | 104.76 | 0.12 | -7.69 | -14.29 | 18.30 | 44.21 | 124.54 | 10.37 | -8.55 | -10.68 | 7.14 | -78.02 | -83.93 | 91.07 | 34.92 | 75.64 | 13.68 | 11.58 | 19.37 |
| 22Q2 (11) | 0.36 | 38.46 | 620.0 | 18.03 | 1.41 | 15.8 | 3.81 | 81.43 | -27.7 | 12.11 | 13.92 | 175.85 | 9.77 | 21.52 | 317.52 | 1.41 | 24.78 | 271.05 | 1.26 | 26.0 | 260.0 | 0.13 | 8.33 | -7.14 | 12.69 | 12.8 | 154.31 | 11.34 | -12.57 | -0.44 | 32.50 | 57.86 | -72.63 | 67.50 | -15.0 | 460.0 | 12.26 | 1.57 | 31.55 |
| 22Q1 (10) | 0.26 | 188.89 | 333.33 | 17.78 | -8.44 | 9.35 | 2.10 | 756.25 | 159.26 | 10.63 | 227.08 | 222.12 | 8.04 | 277.46 | 258.93 | 1.13 | 276.67 | 253.12 | 1.00 | 284.62 | 244.83 | 0.12 | 0.0 | -7.69 | 11.25 | 198.41 | 200.8 | 12.97 | -4.84 | 15.19 | 20.59 | 305.88 | -24.51 | 79.41 | -27.81 | 9.19 | 12.07 | -11.83 | 1.68 |
| 21Q4 (9) | 0.09 | -55.0 | 325.0 | 19.42 | 22.76 | 44.71 | -0.32 | -109.36 | -128.32 | 3.25 | -56.49 | 8225.0 | 2.13 | -63.71 | 10550.0 | 0.30 | -67.74 | 0 | 0.26 | -69.05 | 0 | 0.12 | -14.29 | -25.0 | 3.77 | -53.74 | 654.0 | 13.63 | 17.4 | 20.09 | -10.00 | -122.5 | 0 | 110.00 | 112.14 | 0 | 13.69 | 19.46 | 30.75 |
| 21Q3 (8) | 0.20 | 300.0 | 53.85 | 15.82 | 1.61 | 10.71 | 3.42 | -35.1 | -14.5 | 7.47 | 70.16 | 107.5 | 5.87 | 150.85 | 79.51 | 0.93 | 144.74 | 55.0 | 0.84 | 140.0 | 52.73 | 0.14 | 0.0 | -17.65 | 8.15 | 63.33 | 95.91 | 11.61 | 1.93 | 10.78 | 44.44 | -62.57 | -58.33 | 51.85 | 376.54 | 488.89 | 11.46 | 22.96 | 38.24 |
| 21Q2 (7) | 0.05 | -16.67 | 135.71 | 15.57 | -4.24 | 26.69 | 5.27 | 550.62 | 242.82 | 4.39 | 33.03 | 195.85 | 2.34 | 4.46 | 152.58 | 0.38 | 18.75 | 184.44 | 0.35 | 20.69 | 185.37 | 0.14 | 7.69 | 55.56 | 4.99 | 33.42 | 226.01 | 11.39 | 1.15 | 38.23 | 118.75 | 335.42 | 48.44 | -18.75 | -125.78 | -193.75 | 9.32 | -21.48 | -35.46 |
| 21Q1 (6) | 0.06 | 250.0 | 160.0 | 16.26 | 21.16 | 3.3 | 0.81 | -28.32 | 115.55 | 3.30 | 8350.0 | 222.22 | 2.24 | 11100.0 | 161.2 | 0.32 | 0 | 206.67 | 0.29 | 0 | 203.57 | 0.13 | -18.75 | 62.5 | 3.74 | 648.0 | 330.86 | 11.26 | -0.79 | 24.28 | 27.27 | 0 | -86.36 | 72.73 | 0 | 172.73 | 11.87 | 13.37 | -31.62 |
| 20Q4 (5) | -0.04 | -130.77 | 84.0 | 13.42 | -6.09 | 102.11 | 1.13 | -71.75 | 119.62 | -0.04 | -101.11 | 99.62 | 0.02 | -99.39 | 100.24 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | 100.0 | 0.16 | -5.88 | 77.78 | 0.50 | -87.98 | 105.21 | 11.35 | 8.3 | 49.54 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 10.47 | 26.3 | -37.57 |
| 20Q3 (4) | 0.13 | 192.86 | 0.0 | 14.29 | 16.27 | 0.0 | 4.00 | 208.4 | 0.0 | 3.60 | 178.6 | 0.0 | 3.27 | 173.48 | 0.0 | 0.60 | 233.33 | 0.0 | 0.55 | 234.15 | 0.0 | 0.17 | 88.89 | 0.0 | 4.16 | 205.05 | 0.0 | 10.48 | 27.18 | 0.0 | 106.67 | 33.33 | 0.0 | -13.33 | -166.67 | 0.0 | 8.29 | -42.59 | 0.0 |
| 20Q2 (3) | -0.14 | -40.0 | 0.0 | 12.29 | -21.92 | 0.0 | -3.69 | 29.17 | 0.0 | -4.58 | -69.63 | 0.0 | -4.45 | -21.58 | 0.0 | -0.45 | -50.0 | 0.0 | -0.41 | -46.43 | 0.0 | 0.09 | 12.5 | 0.0 | -3.96 | -144.44 | 0.0 | 8.24 | -9.05 | 0.0 | 80.00 | -60.0 | 0.0 | 20.00 | 120.0 | 0.0 | 14.44 | -16.82 | 0.0 |
| 20Q1 (2) | -0.10 | 60.0 | 0.0 | 15.74 | 137.05 | 0.0 | -5.21 | 9.55 | 0.0 | -2.70 | 74.48 | 0.0 | -3.66 | 56.17 | 0.0 | -0.30 | 62.5 | 0.0 | -0.28 | 62.67 | 0.0 | 0.08 | -11.11 | 0.0 | -1.62 | 83.11 | 0.0 | 9.06 | 19.37 | 0.0 | 200.00 | 253.85 | 0.0 | -100.00 | -309.09 | 0.0 | 17.36 | 3.52 | 0.0 |
| 19Q4 (1) | -0.25 | 0.0 | 0.0 | 6.64 | 0.0 | 0.0 | -5.76 | 0.0 | 0.0 | -10.58 | 0.0 | 0.0 | -8.35 | 0.0 | 0.0 | -0.80 | 0.0 | 0.0 | -0.75 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -9.59 | 0.0 | 0.0 | 7.59 | 0.0 | 0.0 | 56.52 | 0.0 | 0.0 | 47.83 | 0.0 | 0.0 | 16.77 | 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) | 0.73 | -38.14 | 17.90 | -1.32 | 1.03 | -52.75 | 0.69 | 6.12 | 7.70 | -27.56 | 5.94 | -31.01 | 2.94 | -35.53 | 2.74 | -33.66 | 0.46 | -4.17 | 8.36 | -25.42 | 7.61 | 6.58 | 13.48 | -34.58 | 86.52 | 8.98 | 0.00 | 0 | 13.70 | 0.88 |
| 2022 (9) | 1.18 | 202.56 | 18.14 | 8.62 | 2.18 | -9.92 | 0.65 | 25.89 | 10.63 | 127.62 | 8.61 | 169.91 | 4.56 | 138.74 | 4.13 | 141.52 | 0.48 | -9.43 | 11.21 | 113.93 | 7.14 | -47.62 | 20.61 | -60.65 | 79.39 | 61.34 | 0.00 | 0 | 13.58 | 17.98 |
| 2021 (8) | 0.39 | 0 | 16.70 | 20.49 | 2.42 | 908.33 | 0.52 | -9.88 | 4.67 | 0 | 3.19 | 0 | 1.91 | 0 | 1.71 | 0 | 0.53 | 8.16 | 5.24 | 819.3 | 13.63 | 20.09 | 52.38 | 0 | 49.21 | -87.7 | 0.00 | 0 | 11.51 | -0.09 |
| 2020 (7) | -0.15 | 0 | 13.86 | 40.57 | 0.24 | 0 | 0.57 | -34.21 | -0.07 | 0 | -0.28 | 0 | -0.15 | 0 | -0.14 | 0 | 0.49 | 53.12 | 0.57 | 0 | 11.35 | 49.54 | -300.00 | 0 | 400.00 | 0 | 0.00 | 0 | 11.52 | -46.09 |
| 2019 (6) | -1.16 | 0 | 9.86 | -38.99 | -12.01 | 0 | 0.87 | 7.84 | -11.07 | 0 | -10.93 | 0 | -3.77 | 0 | -3.53 | 0 | 0.32 | -5.88 | -10.20 | 0 | 7.59 | 29.74 | 108.99 | -92.57 | -8.99 | 0 | 0.00 | 0 | 21.37 | 11.77 |
| 2018 (5) | -0.25 | 0 | 16.16 | -14.63 | -5.06 | 0 | 0.81 | -6.88 | -0.40 | 0 | -1.48 | 0 | -0.53 | 0 | -0.50 | 0 | 0.34 | -8.11 | 0.46 | 0 | 5.85 | -6.25 | 1466.67 | 0 | -1333.33 | 0 | 0.00 | 0 | 19.12 | 18.32 |
| 2017 (4) | -0.25 | 0 | 18.93 | 7.31 | 0.65 | -70.32 | 0.87 | 40.37 | -0.97 | 0 | -1.53 | 0 | -0.61 | 0 | -0.57 | 0 | 0.37 | -22.92 | -0.10 | 0 | 6.24 | -29.57 | -70.00 | 0 | 170.00 | 372.22 | 0.00 | 0 | 16.16 | 10.01 |
| 2016 (3) | 0.31 | -77.54 | 17.64 | -18.9 | 2.19 | -56.37 | 0.62 | -9.59 | 3.43 | -67.24 | 2.68 | -70.52 | 1.42 | -73.06 | 1.30 | -72.22 | 0.48 | -5.88 | 4.12 | -63.15 | 8.86 | -10.87 | 64.00 | 33.53 | 36.00 | -30.86 | 0.00 | 0 | 14.69 | -10.37 |
| 2015 (2) | 1.38 | -51.58 | 21.75 | -26.84 | 5.02 | -60.78 | 0.68 | -12.73 | 10.47 | -44.95 | 9.09 | -40.12 | 5.27 | -34.29 | 4.68 | -34.08 | 0.51 | 8.51 | 11.18 | -43.62 | 9.94 | -34.65 | 47.93 | -28.6 | 52.07 | 59.71 | 0.00 | 0 | 16.39 | 2.18 |
| 2014 (1) | 2.85 | -44.34 | 29.73 | 0 | 12.80 | 0 | 0.78 | 8.66 | 19.02 | 0 | 15.18 | 0 | 8.02 | 0 | 7.10 | 0 | 0.47 | -7.84 | 19.83 | -21.84 | 15.21 | 31.8 | 67.12 | -34.69 | 32.60 | 0 | 0.00 | 0 | 16.04 | 35.59 |
