- 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) | -0.28 | -162.22 | -180.0 | 26.50 | -1.16 | 144.24 | 9.37 | 363.86 | 176.24 | -7.62 | -148.32 | -112.26 | -8.36 | -154.5 | -97.17 | -1.37 | -161.16 | -179.59 | -0.48 | -137.5 | -4700.0 | 0.08 | 14.29 | 60.0 | 1.20 | -95.31 | -91.55 | 102.61 | -2.4 | -4.46 | -126.32 | -1205.26 | -136.09 | 226.32 | 164.04 | 190.53 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.45 | -18.18 | 364.71 | 26.81 | 6.69 | 110.27 | 2.02 | -32.21 | 114.44 | 15.77 | -13.59 | 296.14 | 15.34 | -14.45 | 286.85 | 2.24 | -20.0 | 354.55 | 1.28 | -15.23 | 656.52 | 0.07 | 0.0 | 40.0 | 25.57 | -11.68 | 136.1 | 105.13 | -2.45 | -12.64 | 11.43 | -31.43 | -93.25 | 85.71 | 2.86 | 223.81 | 24.17 | -4.01 | -26.6 |
| 24Q1 (18) | 0.55 | 194.83 | 5400.0 | 25.13 | 399.17 | 255.45 | 2.98 | 109.67 | 120.84 | 18.25 | 159.62 | 60733.33 | 17.93 | 159.59 | 9861.11 | 2.80 | 193.02 | 13900.0 | 1.51 | 224.79 | 694.74 | 0.07 | 40.0 | 16.67 | 28.95 | 320.99 | 78.26 | 107.77 | -10.39 | 0.58 | 16.67 | -83.7 | 0 | 83.33 | 0 | 0 | 25.18 | -15.62 | -12.72 |
| 23Q4 (17) | -0.58 | -480.0 | -1060.0 | -8.40 | -177.42 | -162.59 | -30.81 | -150.69 | -988.69 | -30.61 | -752.65 | -1554.59 | -30.09 | -609.67 | -1659.65 | -3.01 | -514.29 | -1104.0 | -1.21 | -12000.0 | -4133.33 | 0.05 | 0.0 | -28.57 | -13.10 | -192.25 | -205.73 | 120.26 | 11.97 | 17.93 | 102.27 | -70.78 | -31.82 | -0.00 | 100.0 | 100.0 | 29.84 | 5.55 | 22.7 |
| 23Q3 (16) | -0.10 | 41.18 | 61.54 | 10.85 | -14.9 | -41.64 | -12.29 | 12.15 | -883.2 | -3.59 | 55.35 | 58.97 | -4.24 | 48.36 | 52.47 | -0.49 | 44.32 | 62.02 | -0.01 | 95.65 | 97.96 | 0.05 | 0.0 | -28.57 | 14.20 | 31.12 | 180.08 | 107.40 | -10.75 | 3.6 | 350.00 | 106.82 | 2116.67 | -250.00 | -261.11 | -396.88 | 28.27 | -14.15 | 15.2 |
| 23Q2 (15) | -0.17 | -1800.0 | -124.64 | 12.75 | 80.34 | -36.19 | -13.99 | 2.17 | -2312.07 | -8.04 | -26900.0 | -131.57 | -8.21 | -4661.11 | -132.12 | -0.88 | -4500.0 | -125.21 | -0.23 | -221.05 | -112.43 | 0.05 | -16.67 | -28.57 | 10.83 | -33.31 | -72.86 | 120.34 | 12.31 | 17.34 | 169.23 | 0 | 8900.0 | -69.23 | 0 | -167.92 | 32.93 | 14.14 | 22.46 |
| 23Q1 (14) | 0.01 | 120.0 | -83.33 | 7.07 | -47.32 | -65.56 | -14.30 | -405.3 | -356.87 | 0.03 | 101.62 | -99.02 | 0.18 | 110.53 | -92.59 | 0.02 | 108.0 | -93.1 | 0.19 | 533.33 | -24.0 | 0.06 | -14.29 | 0.0 | 16.24 | 31.07 | -16.42 | 107.15 | 5.07 | 5.22 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | -100.0 | 28.85 | 18.63 | -11.42 |
| 22Q4 (13) | -0.05 | 80.77 | -66.67 | 13.42 | -27.81 | 99.11 | -2.83 | -126.4 | 84.54 | -1.85 | 78.86 | -42.31 | -1.71 | 80.83 | -56.88 | -0.25 | 80.62 | -78.57 | 0.03 | 106.12 | 0.0 | 0.07 | 0.0 | 16.67 | 12.39 | 144.38 | 5.63 | 101.98 | -1.63 | 4.09 | 150.00 | 850.0 | -90.91 | -50.00 | -159.38 | 96.67 | 24.32 | -0.9 | -18.17 |
| 22Q3 (12) | -0.26 | -137.68 | -1200.0 | 18.59 | -6.96 | 31.1 | -1.25 | -115.52 | 65.08 | -8.75 | -134.35 | -4505.26 | -8.92 | -134.9 | -1720.41 | -1.29 | -136.96 | -1742.86 | -0.49 | -126.49 | -916.67 | 0.07 | 0.0 | -12.5 | 5.07 | -87.29 | -53.06 | 103.67 | 1.08 | 4.94 | 15.79 | 921.05 | 0 | 84.21 | -17.38 | 0 | 24.54 | -8.74 | 0.53 |
| 22Q2 (11) | 0.69 | 1050.0 | 762.5 | 19.98 | -2.68 | 60.48 | -0.58 | 81.47 | 78.75 | 25.47 | 735.08 | 891.05 | 25.56 | 951.85 | 883.08 | 3.49 | 1103.45 | 642.55 | 1.85 | 640.0 | 444.12 | 0.07 | 16.67 | -30.0 | 39.90 | 105.35 | 237.85 | 102.56 | 0.72 | 29.58 | -1.92 | 98.08 | 98.08 | 101.92 | -53.67 | -45.12 | 26.89 | -17.44 | 25.65 |
| 22Q1 (10) | 0.06 | 300.0 | -73.91 | 20.53 | 204.6 | 26.11 | -3.13 | 82.9 | -426.04 | 3.05 | 334.62 | -51.51 | 2.43 | 322.94 | -58.95 | 0.29 | 307.14 | -76.23 | 0.25 | 733.33 | -68.35 | 0.06 | 0.0 | -50.0 | 19.43 | 65.64 | 35.97 | 101.83 | 3.94 | 38.26 | -100.00 | -106.06 | -700.0 | 220.00 | 114.67 | 147.5 | 32.57 | 9.59 | 68.93 |
| 21Q4 (9) | -0.03 | -50.0 | -106.52 | 6.74 | -52.47 | -63.19 | -18.30 | -411.17 | -425.62 | -1.30 | -584.21 | -111.05 | -1.09 | -122.45 | -109.54 | -0.14 | -100.0 | -105.58 | 0.03 | -50.0 | -98.08 | 0.06 | -25.0 | -53.85 | 11.73 | 8.61 | -39.97 | 97.97 | -0.83 | 44.46 | 1650.00 | 0 | 3394.12 | -1500.00 | 0 | -2942.11 | 29.72 | 21.75 | 72.49 |
| 21Q3 (8) | -0.02 | -125.0 | -105.71 | 14.18 | 13.9 | -14.58 | -3.58 | -31.14 | -335.53 | -0.19 | -107.39 | -101.95 | -0.49 | -118.85 | -105.07 | -0.07 | -114.89 | -103.54 | 0.06 | -82.35 | -95.24 | 0.08 | -20.0 | -33.33 | 10.80 | -8.55 | -41.34 | 98.79 | 24.81 | 42.14 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 24.41 | 14.07 | 32.74 |
| 21Q2 (7) | 0.08 | -65.22 | 115.09 | 12.45 | -23.53 | 138.13 | -2.73 | -384.38 | 96.62 | 2.57 | -59.14 | 104.46 | 2.60 | -56.08 | 104.51 | 0.47 | -61.48 | 115.93 | 0.34 | -56.96 | 119.32 | 0.10 | -16.67 | 233.33 | 11.81 | -17.35 | 150.93 | 79.15 | 7.47 | 22.05 | -100.00 | -700.0 | -171.43 | 185.71 | 108.93 | 564.29 | 21.40 | 11.0 | 0 |
| 21Q1 (6) | 0.23 | -50.0 | 204.55 | 16.28 | -11.09 | -21.77 | 0.96 | -82.92 | 114.12 | 6.29 | -46.51 | 159.85 | 5.92 | -48.16 | 156.33 | 1.22 | -51.39 | 205.17 | 0.79 | -49.36 | 212.86 | 0.12 | -7.69 | 71.43 | 14.29 | -26.87 | 222.57 | 73.65 | 8.6 | 34.5 | 16.67 | -64.71 | -74.24 | 88.89 | 68.42 | 151.85 | 19.28 | 11.9 | -42.76 |
| 20Q4 (5) | 0.46 | 31.43 | 666.67 | 18.31 | 10.3 | -16.96 | 5.62 | 269.74 | 198.08 | 11.76 | 20.86 | 235.04 | 11.42 | 18.1 | 241.92 | 2.51 | 26.77 | 736.67 | 1.56 | 23.81 | 437.93 | 0.13 | 8.33 | 116.67 | 19.54 | 6.14 | -13.0 | 67.82 | -2.42 | 64.09 | 47.22 | 218.75 | 129.51 | 52.78 | -38.04 | -79.7 | 17.23 | -6.31 | -55.58 |
| 20Q3 (4) | 0.35 | 166.04 | 0.0 | 16.60 | 150.84 | 0.0 | 1.52 | 101.88 | 0.0 | 9.73 | 116.87 | 0.0 | 9.67 | 116.76 | 0.0 | 1.98 | 167.12 | 0.0 | 1.26 | 171.59 | 0.0 | 0.12 | 300.0 | 0.0 | 18.41 | 179.39 | 0.0 | 69.50 | 7.17 | 0.0 | 14.81 | -89.42 | 0.0 | 85.19 | 312.96 | 0.0 | 18.39 | 0 | 0.0 |
| 20Q2 (3) | -0.53 | -140.91 | 0.0 | -32.65 | -256.9 | 0.0 | -80.78 | -1087.94 | 0.0 | -57.66 | -448.62 | 0.0 | -57.68 | -448.81 | 0.0 | -2.95 | -154.31 | 0.0 | -1.76 | -151.43 | 0.0 | 0.03 | -57.14 | 0.0 | -23.19 | -623.48 | 0.0 | 64.85 | 18.43 | 0.0 | 140.00 | 116.36 | 0.0 | -40.00 | -213.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.22 | -466.67 | 0.0 | 20.81 | -5.62 | 0.0 | -6.80 | -18.67 | 0.0 | -10.51 | -399.43 | 0.0 | -10.51 | -414.67 | 0.0 | -1.16 | -486.67 | 0.0 | -0.70 | -341.38 | 0.0 | 0.07 | 16.67 | 0.0 | 4.43 | -80.28 | 0.0 | 54.76 | 32.49 | 0.0 | 64.71 | 140.44 | 0.0 | 35.29 | -86.43 | 0.0 | 33.68 | -13.17 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 22.05 | 0.0 | 0.0 | -5.73 | 0.0 | 0.0 | 3.51 | 0.0 | 0.0 | 3.34 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 22.46 | 0.0 | 0.0 | 41.33 | 0.0 | 0.0 | -160.00 | 0.0 | 0.0 | 260.00 | 0.0 | 0.0 | 38.79 | 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) | -0.84 | 0 | 6.00 | -66.61 | -17.31 | 0 | 13.00 | 8.02 | -9.44 | 0 | -9.49 | 0 | -4.32 | 0 | -1.27 | 0 | 0.22 | -21.43 | 8.07 | -56.78 | 120.26 | 17.93 | 184.13 | 0 | -84.13 | 0 | 0.00 | 0 | 29.88 | 11.49 |
| 2022 (9) | 0.44 | 62.96 | 17.97 | 38.76 | -1.91 | 0 | 12.04 | 39.72 | 4.17 | 75.95 | 4.05 | 81.61 | 2.24 | 53.42 | 1.66 | 44.35 | 0.28 | -22.22 | 18.67 | 52.66 | 101.98 | 4.09 | -47.06 | 0 | 147.06 | -51.71 | 0.00 | 0 | 26.80 | 16.52 |
| 2021 (8) | 0.27 | 350.0 | 12.95 | -6.5 | -4.73 | 0 | 8.62 | -19.67 | 2.37 | 196.25 | 2.23 | 243.08 | 1.46 | 305.56 | 1.15 | 112.96 | 0.36 | 0.0 | 12.23 | -4.6 | 97.97 | 44.46 | -200.00 | 0 | 304.55 | -64.86 | 0.00 | 0 | 23.00 | -6.92 |
| 2020 (7) | 0.06 | -97.42 | 13.85 | -51.54 | -5.58 | 0 | 10.73 | -13.86 | 0.80 | -96.38 | 0.65 | -97.01 | 0.36 | -96.98 | 0.54 | -93.52 | 0.36 | 0.0 | 12.82 | -64.87 | 67.82 | 64.09 | -750.00 | 0 | 866.67 | 936.49 | 0.00 | 0 | 24.71 | -14.11 |
| 2019 (6) | 2.33 | 40.36 | 28.58 | 2.03 | 3.69 | -32.29 | 12.45 | 60.28 | 22.09 | 53.62 | 21.72 | 73.07 | 11.93 | 54.13 | 8.33 | 45.88 | 0.36 | -14.29 | 36.49 | 53.25 | 41.33 | -32.85 | 16.95 | -55.12 | 83.62 | 34.35 | 0.09 | -57.31 | 28.77 | 10.1 |
| 2018 (5) | 1.66 | -81.2 | 28.01 | -9.59 | 5.45 | 24.71 | 7.77 | 17.21 | 14.38 | -80.61 | 12.55 | -83.05 | 7.74 | -84.6 | 5.71 | -82.06 | 0.42 | 0.0 | 23.81 | -71.12 | 61.55 | 76.26 | 37.76 | 537.94 | 62.24 | -33.85 | 0.22 | 0 | 26.13 | -12.02 |
| 2017 (4) | 8.83 | 0 | 30.98 | -8.53 | 4.37 | -66.1 | 6.63 | -11.96 | 74.16 | 200.97 | 74.02 | 0 | 50.26 | 266.33 | 31.82 | 293.33 | 0.42 | 20.0 | 82.45 | 138.71 | 34.92 | -62.93 | 5.92 | -88.62 | 94.08 | 97.81 | 0.00 | 0 | 29.70 | 24.11 |
| 2016 (3) | -0.21 | 0 | 33.87 | 46.05 | 12.89 | 137.38 | 7.53 | 101.64 | 24.64 | 24.82 | -0.31 | 0 | 13.72 | 71.71 | 8.09 | 58.63 | 0.35 | 12.9 | 34.54 | 35.34 | 94.20 | 26.56 | 52.03 | 90.12 | 47.56 | -34.52 | 0.00 | 0 | 23.93 | 11.56 |
| 2015 (2) | 0.69 | -38.39 | 23.19 | -0.64 | 5.43 | 96.03 | 3.73 | -37.43 | 19.74 | -20.85 | 11.32 | -45.18 | 7.99 | -21.74 | 5.10 | 5.37 | 0.31 | 63.16 | 25.52 | -25.99 | 74.43 | 8.42 | 27.37 | 145.01 | 72.63 | -18.24 | 0.00 | 0 | 21.45 | -44.62 |
| 2014 (1) | 1.12 | 0 | 23.34 | 0 | 2.77 | 0 | 5.97 | 54.58 | 24.94 | 0 | 20.65 | 0 | 10.21 | 0 | 4.84 | 0 | 0.19 | -78.89 | 34.48 | 0 | 68.65 | -68.79 | 11.17 | -74.97 | 88.83 | 60.22 | 0.00 | 0 | 38.73 | 202.11 |
