- 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) | -0.40 | -178.43 | -200.0 | -4.10 | -132.18 | 62.25 | -39.91 | -152.75 | 37.62 | -92.50 | -211.88 | -171.42 | -85.07 | -210.98 | -164.17 | -3.41 | -175.78 | -192.16 | -1.86 | -171.81 | -183.78 | 0.02 | -33.33 | 0.0 | -75.00 | -176.63 | -147.73 | 58.59 | -27.48 | -21.91 | 41.18 | 329.41 | 182.35 | 55.88 | -52.62 | -61.84 | 28.97 | 28.7 | -39.87 |
| 24Q2 (19) | 0.51 | 218.75 | 737.5 | 12.74 | 208.06 | -36.14 | -15.79 | 73.17 | -1061.03 | 82.68 | 116.55 | 2902.71 | 76.65 | 89.07 | 834.2 | 4.50 | 226.09 | 578.72 | 2.59 | 194.32 | 800.0 | 0.03 | 50.0 | -40.0 | 97.87 | 49.69 | 1539.36 | 80.79 | -8.12 | -1.46 | -17.95 | 88.78 | -135.9 | 117.95 | -54.64 | 135.9 | 22.51 | -43.7 | 46.55 |
| 24Q1 (18) | 0.16 | 300.0 | -55.56 | -11.79 | -355.21 | -161.21 | -58.85 | 0.88 | -649.68 | 38.18 | 245.21 | -30.33 | 40.54 | 522.73 | -24.45 | 1.38 | 557.14 | -59.17 | 0.88 | 238.46 | -53.93 | 0.02 | 0.0 | -33.33 | 65.38 | 81.61 | -3.98 | 87.93 | 3.74 | -0.57 | -160.00 | 68.0 | -900.0 | 260.00 | -56.67 | 124.14 | 39.98 | -17.16 | 81.64 |
| 23Q4 (17) | 0.04 | -90.0 | 150.0 | -2.59 | 76.15 | -107.14 | -59.37 | 7.21 | -125.4 | 11.06 | -91.46 | 139.71 | 6.51 | -95.09 | 131.8 | 0.21 | -94.32 | 120.79 | 0.26 | -88.29 | 155.32 | 0.02 | 0.0 | -33.33 | 36.00 | -77.09 | 351.92 | 84.76 | 12.97 | -6.74 | -500.00 | -900.0 | -655.56 | 600.00 | 309.76 | 5900.0 | 48.26 | 0.17 | 50.58 |
| 23Q3 (16) | 0.40 | 600.0 | 3900.0 | -10.86 | -154.44 | -155.84 | -63.98 | -4604.41 | -1548.97 | 129.52 | 4490.51 | 1395.61 | 132.58 | 1369.92 | 18773.24 | 3.70 | 493.62 | 5385.71 | 2.22 | 700.0 | 3071.43 | 0.02 | -60.0 | -66.67 | 157.14 | 2532.16 | 803.62 | 75.03 | -8.49 | 8.16 | -50.00 | -200.0 | 0.0 | 146.43 | 192.86 | -2.38 | 48.18 | 213.67 | 234.35 |
| 23Q2 (15) | -0.08 | -122.22 | 66.67 | 19.95 | 3.58 | 41.59 | -1.36 | 82.68 | 82.61 | -2.95 | -105.38 | 89.28 | -10.44 | -119.46 | 67.31 | -0.94 | -127.81 | 61.94 | -0.37 | -119.37 | 73.76 | 0.05 | 66.67 | 0.0 | 5.97 | -91.23 | 129.85 | 81.99 | -7.28 | 50.19 | 50.00 | 412.5 | 87.5 | 50.00 | -56.9 | -31.82 | 15.36 | -30.21 | -20.25 |
| 23Q1 (14) | 0.36 | 550.0 | -2.7 | 19.26 | -46.87 | 239.08 | -7.85 | 70.2 | 51.51 | 54.80 | 296.77 | 2.58 | 53.66 | 362.14 | 3.71 | 3.38 | 434.65 | -11.98 | 1.91 | 506.38 | -21.4 | 0.03 | 0.0 | -40.0 | 68.09 | 576.49 | 10.64 | 88.43 | -2.71 | 12.09 | -16.00 | -117.78 | 44.0 | 116.00 | 1060.0 | -9.78 | 22.01 | -31.33 | 3.82 |
| 22Q4 (13) | -0.08 | -900.0 | -60.0 | 36.25 | 86.38 | 1885.71 | -26.34 | -578.87 | 7.32 | -27.85 | -421.59 | -102.99 | -20.47 | -2783.1 | -144.86 | -1.01 | -1342.86 | -74.14 | -0.47 | -771.43 | -27.03 | 0.03 | -50.0 | -40.0 | -14.29 | -182.17 | -128.64 | 90.89 | 31.02 | 112.06 | 90.00 | 280.0 | -55.0 | 10.00 | -93.33 | 110.0 | 32.05 | 122.41 | 29.76 |
| 22Q3 (12) | 0.01 | 104.17 | 102.78 | 19.45 | 38.04 | 242.6 | -3.88 | 50.38 | 93.42 | 8.66 | 131.47 | 109.09 | -0.71 | 97.78 | 99.15 | -0.07 | 97.17 | 98.13 | 0.07 | 104.96 | 102.66 | 0.06 | 20.0 | 100.0 | 17.39 | 186.95 | 121.4 | 69.37 | 27.07 | 62.73 | -50.00 | -287.5 | -178.95 | 150.00 | 104.55 | 309.09 | 14.41 | -25.18 | -71.29 |
| 22Q2 (11) | -0.24 | -164.86 | 20.0 | 14.09 | 148.06 | 140.17 | -7.82 | 51.7 | 91.08 | -27.52 | -151.52 | 73.72 | -31.94 | -161.73 | 61.49 | -2.47 | -164.32 | 18.48 | -1.41 | -158.02 | 34.42 | 0.05 | 0.0 | 66.67 | -20.00 | -132.5 | 77.5 | 54.59 | -30.8 | 49.81 | 26.67 | 193.33 | -67.54 | 73.33 | -42.96 | 310.67 | 19.26 | -9.15 | -66.92 |
| 22Q1 (10) | 0.37 | 840.0 | 628.57 | 5.68 | 379.8 | 37.53 | -16.19 | 43.03 | 75.94 | 53.42 | 489.36 | 315.23 | 51.74 | 718.9 | 309.14 | 3.84 | 762.07 | 681.82 | 2.43 | 756.76 | 652.27 | 0.05 | 0.0 | 150.0 | 61.54 | 1084.64 | 1330.8 | 78.89 | 84.06 | 99.57 | -28.57 | -114.29 | -110.99 | 128.57 | 228.57 | 180.36 | 21.20 | -14.17 | -73.4 |
| 21Q4 (9) | -0.05 | 86.11 | -162.5 | -2.03 | 85.12 | -110.76 | -28.42 | 51.82 | -359.87 | -13.72 | 85.6 | -619.7 | -8.36 | 89.95 | -199.64 | -0.58 | 84.49 | -177.33 | -0.37 | 85.93 | -159.68 | 0.05 | 66.67 | -28.57 | -6.25 | 92.31 | -183.78 | 42.86 | 0.54 | 30.39 | 200.00 | 215.79 | 200.0 | -100.00 | -372.73 | -133.33 | 24.70 | -50.8 | -20.48 |
| 21Q3 (8) | -0.36 | -20.0 | 0 | -13.64 | 61.12 | -214.62 | -58.99 | 32.73 | -638.3 | -95.26 | 9.02 | -1600.16 | -83.16 | -0.27 | -25300.0 | -3.74 | -23.43 | -9450.0 | -2.63 | -22.33 | -6675.0 | 0.03 | 0.0 | -66.67 | -81.25 | 8.59 | -831.32 | 42.63 | 16.99 | 86.48 | 63.33 | -22.9 | 145.24 | 36.67 | 105.33 | -84.72 | 50.20 | -13.78 | 164.77 |
| 21Q2 (7) | -0.30 | -328.57 | -275.0 | -35.08 | -949.39 | -516.13 | -87.69 | -30.32 | -610.62 | -104.71 | -321.88 | -846.75 | -82.94 | -235.25 | -913.94 | -3.03 | -359.09 | -293.51 | -2.15 | -388.64 | -216.18 | 0.03 | 50.0 | -62.5 | -88.89 | -1677.8 | -1162.64 | 36.44 | -7.82 | 176.69 | 82.14 | -68.41 | -26.98 | 17.86 | 111.16 | 242.86 | 58.22 | -26.96 | 0 |
| 21Q1 (6) | -0.07 | -187.5 | -40.0 | 4.13 | -78.1 | -26.25 | -67.29 | -988.83 | -274.04 | -24.82 | -1040.15 | -250.56 | -24.74 | -394.87 | -344.96 | -0.66 | -188.0 | -40.43 | -0.44 | -170.97 | -4.76 | 0.02 | -71.43 | -75.0 | -5.00 | -167.02 | -60.26 | 39.53 | 20.26 | 239.9 | 260.00 | 230.0 | 8.33 | -160.00 | -153.33 | -14.29 | 79.71 | 156.63 | 218.33 |
| 20Q4 (5) | 0.08 | 0 | 144.44 | 18.86 | 58.49 | 97.69 | -6.18 | 22.65 | 22.17 | 2.64 | -58.43 | 112.9 | 8.39 | 2442.42 | 147.7 | 0.75 | 1775.0 | 145.45 | 0.62 | 1450.0 | 141.89 | 0.07 | -22.22 | -12.5 | 7.46 | -32.85 | 145.38 | 32.87 | 43.79 | 152.46 | -200.00 | -42.86 | -600.0 | 300.00 | 25.0 | 400.0 | 31.06 | 63.82 | 33.25 |
| 20Q3 (4) | 0.00 | 100.0 | 0.0 | 11.90 | 41.16 | 0.0 | -7.99 | 35.25 | 0.0 | 6.35 | 157.41 | 0.0 | 0.33 | 104.03 | 0.0 | 0.04 | 105.19 | 0.0 | 0.04 | 105.88 | 0.0 | 0.09 | 12.5 | 0.0 | 11.11 | 257.81 | 0.0 | 22.86 | 73.58 | 0.0 | -140.00 | -224.44 | 0.0 | 240.00 | 2020.0 | 0.0 | 18.96 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -60.0 | 0.0 | 8.43 | 50.54 | 0.0 | -12.34 | 31.41 | 0.0 | -11.06 | -56.21 | 0.0 | -8.18 | -47.12 | 0.0 | -0.77 | -63.83 | 0.0 | -0.68 | -61.9 | 0.0 | 0.08 | 0.0 | 0.0 | -7.04 | -125.64 | 0.0 | 13.17 | 13.24 | 0.0 | 112.50 | -53.12 | 0.0 | -12.50 | 91.07 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.05 | 72.22 | 0.0 | 5.60 | -41.3 | 0.0 | -17.99 | -126.57 | 0.0 | -7.08 | 65.41 | 0.0 | -5.56 | 68.39 | 0.0 | -0.47 | 71.52 | 0.0 | -0.42 | 71.62 | 0.0 | 0.08 | 0.0 | 0.0 | -3.12 | 81.02 | 0.0 | 11.63 | -10.68 | 0.0 | 240.00 | 500.0 | 0.0 | -140.00 | -333.33 | 0.0 | 25.04 | 7.42 | 0.0 |
| 19Q4 (1) | -0.18 | 0.0 | 0.0 | 9.54 | 0.0 | 0.0 | -7.94 | 0.0 | 0.0 | -20.47 | 0.0 | 0.0 | -17.59 | 0.0 | 0.0 | -1.65 | 0.0 | 0.0 | -1.48 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -16.44 | 0.0 | 0.0 | 13.02 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 60.00 | 0.0 | 0.0 | 23.31 | 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) | 0.71 | 1083.33 | 12.13 | -30.57 | -20.65 | 0 | 8.75 | 42.69 | 33.64 | 697.16 | 29.85 | 3496.39 | 6.39 | 2456.0 | 3.95 | 706.12 | 0.11 | -38.89 | 48.75 | 256.36 | 84.76 | -6.74 | -61.11 | 0 | 161.11 | -57.35 | 0.00 | 0 | 26.81 | 32.13 |
| 2022 (9) | 0.06 | 0 | 17.47 | 0 | -11.69 | 0 | 6.13 | -29.76 | 4.22 | 0 | 0.83 | 0 | 0.25 | 0 | 0.49 | 0 | 0.18 | 38.46 | 13.68 | 0 | 90.89 | 112.06 | -277.78 | 0 | 377.78 | 26344.44 | 0.07 | -76.29 | 20.29 | -56.67 |
| 2021 (8) | -0.79 | 0 | -10.95 | 0 | -54.71 | 0 | 8.73 | 124.6 | -55.13 | 0 | -45.45 | 0 | -7.96 | 0 | -5.61 | 0 | 0.13 | -56.67 | -42.86 | 0 | 42.86 | 30.39 | 98.57 | -84.1 | 1.43 | 0 | 0.30 | -39.33 | 46.83 | 94.88 |
| 2020 (7) | -0.05 | 0 | 11.24 | 1.72 | -10.92 | 0 | 3.89 | -16.43 | -1.92 | 0 | -1.23 | 0 | -0.46 | 0 | -0.33 | 0 | 0.30 | -16.67 | 2.83 | 0 | 32.87 | 152.46 | 620.00 | 305.38 | -500.00 | 0 | 0.50 | 44.6 | 24.03 | 1.52 |
| 2019 (6) | -0.20 | 0 | 11.05 | -13.06 | -8.74 | 0 | 4.65 | -18.74 | -5.71 | 0 | -4.65 | 0 | -1.87 | 0 | -1.66 | 0 | 0.36 | -2.7 | -1.00 | 0 | 13.02 | 27.52 | 152.94 | 0 | -52.94 | 0 | 0.35 | 179.54 | 23.67 | 33.5 |
| 2018 (5) | 0.11 | 0 | 12.71 | 6.63 | -4.81 | 0 | 5.72 | 9.11 | 1.41 | 0 | 2.60 | 0 | 1.06 | 0 | 0.96 | 0 | 0.37 | -2.63 | 7.41 | 0 | 10.21 | -0.78 | -350.00 | 0 | 450.00 | 1550.0 | 0.12 | 0 | 17.73 | -6.09 |
| 2017 (4) | -0.24 | 0 | 11.92 | -0.17 | -5.16 | 0 | 5.25 | 65.25 | -7.14 | 0 | -5.47 | 0 | -2.28 | 0 | -2.06 | 0 | 0.38 | -13.64 | -1.64 | 0 | 10.29 | -6.2 | 72.73 | 190.91 | 27.27 | -63.64 | 0.00 | 0 | 18.88 | 17.93 |
| 2016 (3) | -0.06 | 0 | 11.94 | -0.17 | -0.62 | 0 | 3.17 | 65.48 | -2.20 | 0 | -1.13 | 0 | -0.55 | 0 | -0.50 | 0 | 0.44 | -6.38 | 1.06 | -72.4 | 10.97 | -7.03 | 25.00 | 0 | 75.00 | -14.29 | 0.00 | 0 | 16.01 | 10.87 |
| 2015 (2) | 0.11 | -50.0 | 11.96 | -9.46 | 0.10 | -95.39 | 1.92 | -9.64 | 1.88 | -65.44 | 1.97 | -42.57 | 1.03 | -49.26 | 0.93 | -48.9 | 0.47 | -11.32 | 3.84 | -49.74 | 11.80 | 11.43 | 0.00 | 0 | 87.50 | 51.67 | 0.00 | 0 | 14.44 | 7.12 |
| 2014 (1) | 0.22 | -8.33 | 13.21 | 0 | 2.17 | 0 | 2.12 | -36.46 | 5.44 | 0 | 3.43 | 0 | 2.03 | 0 | 1.82 | 0 | 0.53 | 10.42 | 7.64 | -3.05 | 10.59 | -16.42 | 38.46 | 0 | 57.69 | -47.8 | 0.00 | 0 | 13.48 | -6.06 |
