- 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) | -0.15 | -87.5 | 0.0 | 3.00 | -43.07 | -71.72 | -8.91 | -72.01 | -148.88 | -10.29 | -225.63 | -146.17 | -9.04 | -157.55 | -84.49 | -2.15 | -93.69 | -9.69 | -0.88 | -266.67 | -95.56 | 0.12 | -20.0 | -25.0 | -5.00 | -399.4 | -1615.15 | 96.13 | -0.14 | -36.13 | 86.21 | -46.41 | 1.88 | 13.79 | 121.15 | -10.34 | 14.21 | 29.06 | 51.33 |
| 24Q2 (19) | -0.08 | -14.29 | 52.94 | 5.27 | 0.96 | -44.0 | -5.18 | 27.45 | 56.98 | -3.16 | 8.14 | 47.51 | -3.51 | -3.24 | 41.11 | -1.11 | -12.12 | 49.32 | -0.24 | -84.62 | 54.72 | 0.15 | 25.0 | 7.14 | 1.67 | -25.11 | 243.97 | 96.26 | -29.09 | -38.65 | 160.87 | -21.35 | -18.78 | -65.22 | 37.62 | 34.78 | 11.01 | -10.71 | -1.26 |
| 24Q1 (18) | -0.07 | 85.11 | 58.82 | 5.22 | 148.57 | -37.11 | -7.14 | 49.96 | -20.2 | -3.44 | 78.24 | 32.55 | -3.40 | 80.3 | 31.45 | -0.99 | 84.6 | 54.38 | -0.13 | 94.3 | 75.0 | 0.12 | -20.0 | -25.0 | 2.23 | 119.88 | 312.38 | 135.75 | -8.19 | -19.33 | 204.55 | 127.08 | 74.85 | -104.55 | -1153.5 | -515.66 | 12.33 | 28.57 | 34.46 |
| 23Q4 (17) | -0.47 | -213.33 | -1666.67 | 2.10 | -80.21 | -84.85 | -14.27 | -298.6 | -393.02 | -15.81 | -278.23 | -544.1 | -17.26 | -252.24 | -2601.45 | -6.43 | -228.06 | -1630.95 | -2.28 | -406.67 | -684.62 | 0.15 | -6.25 | -34.78 | -11.22 | -3500.0 | -284.84 | 147.86 | -1.77 | -14.7 | 90.08 | 6.45 | -34.03 | 9.92 | -35.5 | 127.16 | 9.59 | 2.13 | 4.81 |
| 23Q3 (16) | -0.15 | 11.76 | -128.85 | 10.61 | 12.75 | -32.12 | -3.58 | 70.27 | -141.29 | -4.18 | 30.56 | -135.45 | -4.90 | 17.79 | -152.92 | -1.96 | 10.5 | -128.65 | -0.45 | 15.09 | -116.07 | 0.16 | 14.29 | -42.86 | 0.33 | 128.45 | -97.58 | 150.52 | -4.07 | -7.49 | 84.62 | -57.28 | 15.12 | 15.38 | 115.38 | -41.94 | 9.39 | -15.78 | 36.28 |
| 23Q2 (15) | -0.17 | 0.0 | -141.46 | 9.41 | 13.37 | -43.75 | -12.04 | -102.69 | -240.98 | -6.02 | -18.04 | -154.58 | -5.96 | -20.16 | -162.15 | -2.19 | -0.92 | -138.02 | -0.53 | -1.92 | -122.27 | 0.14 | -12.5 | -39.13 | -1.16 | -10.48 | -108.75 | 156.90 | -6.76 | -5.06 | 198.08 | 69.32 | 155.18 | -100.00 | -488.89 | -546.88 | 11.15 | 21.59 | 46.71 |
| 23Q1 (14) | -0.17 | -666.67 | -221.43 | 8.30 | -40.12 | -33.65 | -5.94 | -221.97 | -336.65 | -5.10 | -243.26 | -230.77 | -4.96 | -818.84 | -231.22 | -2.17 | -616.67 | -204.33 | -0.52 | -233.33 | -154.74 | 0.16 | -30.43 | -23.81 | -1.05 | -117.3 | -116.96 | 168.28 | -2.92 | 6.42 | 116.98 | -14.32 | 83.83 | -16.98 | 53.53 | -146.7 | 9.17 | 0.22 | 7.38 |
| 22Q4 (13) | 0.03 | -94.23 | -78.57 | 13.86 | -11.32 | 10.88 | 4.87 | -43.83 | 31.62 | 3.56 | -69.8 | 8.54 | 0.69 | -92.55 | -76.12 | 0.42 | -93.86 | -79.41 | 0.39 | -86.07 | -57.14 | 0.23 | -17.86 | -14.81 | 6.07 | -55.47 | 22.63 | 173.35 | 6.55 | 6.96 | 136.54 | 85.77 | 20.78 | -36.54 | -237.88 | -180.13 | 9.15 | 32.8 | 18.68 |
| 22Q3 (12) | 0.52 | 26.83 | 225.0 | 15.63 | -6.58 | 16.9 | 8.67 | 1.52 | 69.34 | 11.79 | 6.89 | 131.18 | 9.26 | -3.44 | 133.25 | 6.84 | 18.75 | 169.29 | 2.80 | 17.65 | 143.48 | 0.28 | 21.74 | 12.0 | 13.63 | 2.87 | 97.25 | 162.70 | -1.55 | 0.23 | 73.50 | -5.31 | -27.65 | 26.50 | 18.42 | 0 | 6.89 | -9.34 | -3.09 |
| 22Q2 (11) | 0.41 | 192.86 | 272.73 | 16.73 | 33.73 | 47.53 | 8.54 | 240.24 | 248.57 | 11.03 | 182.82 | 314.66 | 9.59 | 153.7 | 279.05 | 5.76 | 176.92 | 249.09 | 2.38 | 150.53 | 230.56 | 0.23 | 9.52 | 0.0 | 13.25 | 114.05 | 174.9 | 165.26 | 4.51 | 14.18 | 77.62 | 21.98 | -16.41 | 22.38 | -38.46 | 213.29 | 7.60 | -11.01 | -3.55 |
| 22Q1 (10) | 0.14 | 0.0 | 200.0 | 12.51 | 0.08 | 37.62 | 2.51 | -32.16 | 269.59 | 3.90 | 18.9 | 305.26 | 3.78 | 30.8 | 202.16 | 2.08 | 1.96 | 182.54 | 0.95 | 4.4 | 266.67 | 0.21 | -22.22 | 5.0 | 6.19 | 25.05 | 837.88 | 158.13 | -2.43 | -36.61 | 63.64 | -43.71 | -22.73 | 36.36 | 378.79 | 54.55 | 8.54 | 10.77 | -4.26 |
| 21Q4 (9) | 0.14 | -12.5 | 200.0 | 12.50 | -6.51 | 60.05 | 3.70 | -27.73 | 265.18 | 3.28 | -35.69 | 190.11 | 2.89 | -27.2 | 186.53 | 2.04 | -19.69 | 182.59 | 0.91 | -20.87 | 254.24 | 0.27 | 8.0 | 17.39 | 4.95 | -28.36 | 458.7 | 162.07 | -0.15 | -28.18 | 113.04 | 11.28 | 81.85 | -13.04 | 0 | -134.47 | 7.71 | 8.44 | -34.38 |
| 21Q3 (8) | 0.16 | 45.45 | 60.0 | 13.37 | 17.9 | 40.59 | 5.12 | 108.98 | 27.05 | 5.10 | 91.73 | 151.23 | 3.97 | 56.92 | 97.51 | 2.54 | 53.94 | 36.56 | 1.15 | 59.72 | 49.35 | 0.25 | 8.7 | -10.71 | 6.91 | 43.36 | 69.36 | 162.32 | 12.15 | -25.15 | 101.59 | 9.4 | -49.21 | 0.00 | -100.0 | 100.0 | 7.11 | -9.77 | 31.42 |
| 21Q2 (7) | 0.11 | 178.57 | 37.5 | 11.34 | 24.75 | 3.28 | 2.45 | 265.54 | 5000.0 | 2.66 | 240.0 | 40.74 | 2.53 | 168.38 | 31.09 | 1.65 | 165.48 | 0.61 | 0.72 | 226.32 | 5.88 | 0.23 | 15.0 | -4.17 | 4.82 | 630.3 | 12.62 | 144.74 | -41.98 | -40.44 | 92.86 | 12.76 | 1864.29 | 7.14 | -69.64 | -93.21 | 7.88 | -11.66 | 0 |
| 21Q1 (6) | -0.14 | 0.0 | 0 | 9.09 | 16.39 | 0.22 | -1.48 | 33.93 | 65.66 | -1.90 | 47.8 | -3266.67 | -3.70 | -10.78 | -2946.15 | -2.52 | -2.02 | -3250.0 | -0.57 | 3.39 | -328.0 | 0.20 | -13.04 | 17.65 | 0.66 | 147.83 | -80.92 | 249.47 | 10.55 | -2.81 | 82.35 | 32.48 | 0 | 23.53 | -37.82 | 0 | 8.92 | -24.09 | 0 |
| 20Q4 (5) | -0.14 | -240.0 | -163.64 | 7.81 | -17.88 | 34.66 | -2.24 | -155.58 | 57.5 | -3.64 | -279.31 | -304.44 | -3.34 | -266.17 | -226.52 | -2.47 | -232.8 | -172.01 | -0.59 | -176.62 | -157.84 | 0.23 | -17.86 | -20.69 | -1.38 | -133.82 | -190.79 | 225.67 | 4.07 | -18.66 | 62.16 | -68.92 | -89.19 | 37.84 | 137.84 | 107.83 | 11.75 | 117.19 | 23.81 |
| 20Q3 (4) | 0.10 | 25.0 | 0.0 | 9.51 | -13.39 | 0.0 | 4.03 | 8160.0 | 0.0 | 2.03 | 7.41 | 0.0 | 2.01 | 4.15 | 0.0 | 1.86 | 13.41 | 0.0 | 0.77 | 13.24 | 0.0 | 0.28 | 16.67 | 0.0 | 4.08 | -4.67 | 0.0 | 216.85 | -10.76 | 0.0 | 200.00 | 3900.0 | 0.0 | -100.00 | -195.0 | 0.0 | 5.41 | 0 | 0.0 |
| 20Q2 (3) | 0.08 | 0 | 0.0 | 10.98 | 21.06 | 0.0 | -0.05 | 98.84 | 0.0 | 1.89 | 3050.0 | 0.0 | 1.93 | 1384.62 | 0.0 | 1.64 | 1950.0 | 0.0 | 0.68 | 172.0 | 0.0 | 0.24 | 41.18 | 0.0 | 4.28 | 23.7 | 0.0 | 243.01 | -5.33 | 0.0 | -5.26 | 0 | 0.0 | 105.26 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.00 | -100.0 | 0.0 | 9.07 | 56.38 | 0.0 | -4.31 | 18.22 | 0.0 | 0.06 | 106.67 | 0.0 | 0.13 | -95.08 | 0.0 | 0.08 | -97.67 | 0.0 | 0.25 | -75.49 | 0.0 | 0.17 | -41.38 | 0.0 | 3.46 | 127.63 | 0.0 | 256.69 | -7.48 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.22 | 0.0 | 0.0 | 5.80 | 0.0 | 0.0 | -5.27 | 0.0 | 0.0 | -0.90 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | 1.02 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 1.52 | 0.0 | 0.0 | 277.45 | 0.0 | 0.0 | 575.00 | 0.0 | 0.0 | -483.33 | 0.0 | 0.0 | 9.49 | 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) | -0.97 | 0 | 7.74 | -47.67 | -8.67 | 0 | 1.97 | 72.09 | -7.51 | 0 | -7.97 | 0 | -12.82 | 0 | -3.70 | 0 | 0.62 | -34.74 | -3.04 | 0 | 147.86 | -14.7 | 115.27 | 41.35 | -15.27 | 0 | 4.12 | 23.53 | 9.78 | 22.56 |
| 2022 (9) | 1.11 | 282.76 | 14.79 | 25.45 | 6.40 | 131.05 | 1.14 | -0.35 | 7.86 | 202.31 | 5.98 | 234.08 | 15.20 | 209.57 | 6.44 | 180.0 | 0.95 | 0.0 | 10.05 | 119.91 | 173.35 | 6.96 | 81.55 | -23.55 | 18.68 | 0 | 3.34 | -12.2 | 7.98 | 1.92 |
| 2021 (8) | 0.29 | 480.0 | 11.79 | 25.83 | 2.77 | 0 | 1.15 | -12.81 | 2.60 | 1344.44 | 1.79 | 539.29 | 4.91 | 470.93 | 2.30 | 125.49 | 0.95 | 6.74 | 4.57 | 71.8 | 162.07 | -28.18 | 106.67 | 0 | -6.67 | 0 | 3.80 | -17.13 | 7.83 | -8.21 |
| 2020 (7) | 0.05 | 0 | 9.37 | 14.69 | -0.21 | 0 | 1.32 | -10.92 | 0.18 | 0 | 0.28 | 0 | 0.86 | 0 | 1.02 | 0 | 0.89 | 3.49 | 2.66 | 0 | 225.67 | -18.66 | -128.57 | 0 | 228.57 | 16300.0 | 4.59 | -0.51 | 8.53 | -13.22 |
| 2019 (6) | -1.55 | 0 | 8.17 | 6.94 | -6.97 | 0 | 1.48 | -7.74 | -7.07 | 0 | -5.92 | 0 | -20.44 | 0 | -3.99 | 0 | 0.86 | 19.44 | -3.94 | 0 | 277.45 | -16.02 | 98.61 | 48.0 | 1.39 | -95.82 | 4.61 | 4354.3 | 9.83 | 25.06 |
| 2018 (5) | -8.09 | 0 | 7.64 | 0.26 | -27.89 | 0 | 1.60 | 22.98 | -41.86 | 0 | -38.68 | 0 | -81.15 | 0 | -26.91 | 0 | 0.72 | -1.37 | -38.60 | 0 | 330.37 | 147.69 | 66.63 | -3.76 | 33.37 | 8.47 | 0.10 | 0 | 7.86 | -34.83 |
| 2017 (4) | -0.22 | 0 | 7.62 | -31.23 | -0.84 | 0 | 1.30 | 4.19 | -1.22 | 0 | -0.82 | 0 | -1.41 | 0 | 0.00 | 0 | 0.73 | -3.95 | 1.68 | -65.22 | 133.38 | -2.45 | 69.23 | -44.5 | 30.77 | 0 | 0.00 | 0 | 12.06 | 14.2 |
| 2016 (3) | 0.40 | -77.01 | 11.08 | -16.63 | 2.54 | -45.84 | 1.25 | 29.24 | 2.04 | -63.7 | 1.37 | -68.36 | 2.53 | -76.66 | 1.62 | -67.27 | 0.76 | -26.21 | 4.83 | -37.52 | 136.73 | -7.92 | 124.73 | 49.15 | -24.73 | 0 | 0.00 | 0 | 10.56 | 6.56 |
| 2015 (2) | 1.74 | 100.0 | 13.29 | 9.02 | 4.69 | 133.33 | 0.97 | -35.46 | 5.62 | 32.24 | 4.33 | 41.04 | 10.84 | 82.49 | 4.95 | 62.3 | 1.03 | 27.16 | 7.73 | 9.18 | 148.49 | 8.65 | 83.63 | 76.0 | 16.67 | -68.25 | 0.00 | 0 | 9.91 | -7.04 |
| 2014 (1) | 0.87 | -21.62 | 12.19 | 0 | 2.01 | 0 | 1.50 | 1.93 | 4.25 | 0 | 3.07 | 0 | 5.94 | 0 | 3.05 | 0 | 0.81 | -16.49 | 7.08 | -1.26 | 136.67 | -2.86 | 47.51 | -25.97 | 52.49 | 48.48 | 0.00 | 0 | 10.66 | 15.74 |
