- 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) | 0.07 | -68.18 | 600.0 | 75.14 | 244.68 | 689.29 | -2.50 | 81.23 | 67.87 | 91.41 | -11.8 | 3823.18 | 88.27 | -14.95 | 3737.83 | 0.58 | -65.68 | 728.57 | 0.54 | -65.38 | 671.43 | 0.01 | -50.0 | -66.67 | 112.50 | 2.72 | 2038.78 | 6.16 | -33.76 | -29.52 | 0.00 | 100.0 | 100.0 | 100.00 | -8.33 | -75.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.22 | -43.59 | 214.29 | 21.80 | 6.19 | 43700.0 | -13.32 | -191.67 | 45.72 | 103.64 | 282.29 | 278.94 | 103.79 | 292.55 | 276.19 | 1.69 | -43.1 | 186.44 | 1.56 | -43.27 | 178.57 | 0.02 | -80.0 | 0.0 | 109.52 | 291.56 | 255.93 | 9.30 | 28.28 | 63.73 | -13.64 | -125.32 | 84.09 | 109.09 | 136.36 | -45.45 | 28.38 | 471.03 | 74.97 |
| 24Q1 (18) | 0.39 | 225.0 | 225.0 | 20.53 | 347.28 | 148.85 | 14.53 | 1397.32 | 262.53 | 27.11 | 345.89 | -13.05 | 26.44 | 334.87 | -14.07 | 2.97 | 222.83 | 209.38 | 2.75 | 223.53 | 202.2 | 0.10 | -28.57 | 233.33 | 27.97 | 306.54 | -18.24 | 7.25 | -22.54 | 24.57 | 53.85 | 396.15 | 315.38 | 46.15 | -63.74 | -63.08 | 4.97 | 15.85 | -56.56 |
| 23Q4 (17) | 0.12 | 1100.0 | 1100.0 | 4.59 | -51.79 | 3.85 | -1.12 | 85.6 | 78.75 | 6.08 | 160.94 | 390.32 | 6.08 | 164.35 | 526.8 | 0.92 | 1214.29 | 1050.0 | 0.85 | 1114.29 | 962.5 | 0.14 | 366.67 | 75.0 | 6.88 | 30.8 | 247.47 | 9.36 | 7.09 | 14.15 | -18.18 | 93.94 | 96.36 | 127.27 | -68.18 | -81.82 | 4.29 | -63.83 | -21.86 |
| 23Q3 (16) | 0.01 | -85.71 | 116.67 | 9.52 | 19140.0 | 34.27 | -7.78 | 68.3 | 71.82 | 2.33 | -91.48 | 107.66 | 2.30 | -91.66 | 107.69 | 0.07 | -88.14 | 113.46 | 0.07 | -87.5 | 114.58 | 0.03 | 50.0 | 50.0 | 5.26 | -82.91 | 122.09 | 8.74 | 53.87 | 68.08 | -300.00 | -250.0 | -400.0 | 400.00 | 100.0 | 2300.0 | 11.86 | -26.88 | -42.68 |
| 23Q2 (15) | 0.07 | -41.67 | 115.22 | -0.05 | -100.61 | -100.63 | -24.54 | -174.5 | -59.04 | 27.35 | -12.28 | 122.48 | 27.59 | -10.33 | 121.24 | 0.59 | -38.54 | 116.67 | 0.56 | -38.46 | 116.97 | 0.02 | -33.33 | -33.33 | 30.77 | -10.06 | 126.27 | 5.68 | -2.41 | -38.13 | -85.71 | -242.86 | -820.0 | 200.00 | 60.0 | 127.03 | 16.22 | 41.78 | 38.63 |
| 23Q1 (14) | 0.12 | 1100.0 | 500.0 | 8.25 | 86.65 | -45.0 | -8.94 | -69.64 | 71.45 | 31.18 | 2414.52 | 124.64 | 30.77 | 3072.16 | 202.85 | 0.96 | 1100.0 | 772.73 | 0.91 | 1037.5 | 727.27 | 0.03 | -62.5 | 200.0 | 34.21 | 1627.78 | 71.05 | 5.82 | -29.02 | 6.99 | -25.00 | 95.0 | 90.0 | 125.00 | -82.14 | -64.29 | 11.44 | 108.38 | -61.55 |
| 22Q4 (13) | 0.01 | 116.67 | -87.5 | 4.42 | -37.66 | 12.47 | -5.27 | 80.91 | -130.13 | 1.24 | 104.07 | -53.38 | 0.97 | 103.25 | -78.3 | 0.08 | 115.38 | -86.21 | 0.08 | 116.67 | -85.45 | 0.08 | 300.0 | -33.33 | 1.98 | 108.32 | -43.27 | 8.20 | 57.69 | 33.99 | -500.00 | -600.0 | -525.0 | 700.00 | 4100.0 | 288.89 | 5.49 | -73.47 | 47.98 |
| 22Q3 (12) | -0.06 | 86.96 | -175.0 | 7.09 | -11.04 | 0.57 | -27.61 | -78.94 | -216.63 | -30.43 | 74.99 | -620.17 | -29.89 | 76.98 | -262.71 | -0.52 | 85.31 | -182.54 | -0.48 | 85.45 | -181.36 | 0.02 | -33.33 | -33.33 | -23.81 | 79.67 | -367.83 | 5.20 | -43.36 | -15.03 | 100.00 | 740.0 | 175.0 | 16.67 | -81.08 | -92.86 | 20.69 | 76.84 | 112.42 |
| 22Q2 (11) | -0.46 | -2400.0 | -148.94 | 7.97 | -46.87 | 254.22 | -15.43 | 50.72 | -61.4 | -121.69 | -976.73 | -266.52 | -129.87 | -1378.25 | -306.14 | -3.54 | -3318.18 | -149.3 | -3.30 | -3100.0 | -149.11 | 0.03 | 200.0 | -72.73 | -117.14 | -685.7 | -258.36 | 9.18 | 68.75 | 16.5 | 11.90 | 104.76 | 190.99 | 88.10 | -74.83 | -22.1 | 11.70 | -60.67 | 23.94 |
| 22Q1 (10) | 0.02 | -75.0 | -60.0 | 15.00 | 281.68 | 57.4 | -31.31 | -1267.25 | -2799.07 | 13.88 | 421.8 | 68.24 | 10.16 | 127.29 | 23.15 | 0.11 | -81.03 | -73.17 | 0.11 | -80.0 | -71.05 | 0.01 | -91.67 | -80.0 | 20.00 | 473.07 | 103.25 | 5.44 | -11.11 | -4.9 | -250.00 | -212.5 | -1150.0 | 350.00 | 94.44 | 191.67 | 29.75 | 701.89 | 308.65 |
| 21Q4 (9) | 0.08 | 0.0 | 0.0 | 3.93 | -44.26 | -21.24 | -2.29 | 73.74 | 3.38 | 2.66 | -54.53 | -51.9 | 4.47 | -75.67 | -3.46 | 0.58 | -7.94 | -12.12 | 0.55 | -6.78 | -11.29 | 0.12 | 300.0 | -7.69 | 3.49 | -60.74 | -43.8 | 6.12 | 0.0 | -40.76 | -80.00 | 40.0 | -100.0 | 180.00 | -22.86 | 28.57 | 3.71 | -61.91 | -28.52 |
| 21Q3 (8) | 0.08 | -91.49 | 300.0 | 7.05 | 213.33 | 81.23 | -8.72 | 8.79 | -19.78 | 5.85 | -92.0 | 94.35 | 18.37 | -70.84 | 510.3 | 0.63 | -91.23 | 293.75 | 0.59 | -91.22 | 268.75 | 0.03 | -72.73 | -40.0 | 8.89 | -87.98 | 92.42 | 6.12 | -22.34 | 1.32 | -133.33 | -919.05 | 46.67 | 233.33 | 106.34 | -33.33 | 9.74 | 3.18 | 45.16 |
| 21Q2 (7) | 0.94 | 1780.0 | 452.94 | 2.25 | -76.39 | -44.85 | -9.56 | -785.19 | -350.94 | 73.08 | 785.82 | 354.2 | 63.00 | 663.64 | 302.81 | 7.18 | 1651.22 | 420.29 | 6.72 | 1668.42 | 433.33 | 0.11 | 120.0 | 37.5 | 73.97 | 651.73 | 324.38 | 7.88 | 37.76 | -28.23 | -13.08 | 34.58 | -17.76 | 113.08 | -5.76 | 1.78 | 9.44 | 29.67 | 154.45 |
| 21Q1 (6) | 0.05 | -37.5 | 0.0 | 9.53 | 90.98 | 34.79 | -1.08 | 54.43 | -120.41 | 8.25 | 49.19 | 26.34 | 8.25 | 78.19 | 26.34 | 0.41 | -37.88 | -4.65 | 0.38 | -38.71 | -5.0 | 0.05 | -61.54 | -16.67 | 9.84 | 58.45 | 13.89 | 5.72 | -44.63 | -41.33 | -20.00 | 50.0 | 0 | 120.00 | -14.29 | 0.0 | 7.28 | 40.27 | 46.48 |
| 20Q4 (5) | 0.08 | 300.0 | 300.0 | 4.99 | 28.28 | 5.5 | -2.37 | 67.45 | 14.44 | 5.53 | 83.72 | 53.19 | 4.63 | 53.82 | 392.55 | 0.66 | 312.5 | 407.69 | 0.62 | 287.5 | 376.92 | 0.13 | 160.0 | 8.33 | 6.21 | 34.42 | 47.16 | 10.33 | 71.03 | -12.97 | -40.00 | 84.0 | 52.0 | 140.00 | -60.0 | -23.64 | 5.19 | -22.65 | 0 |
| 20Q3 (4) | 0.02 | -88.24 | 0.0 | 3.89 | -4.66 | 0.0 | -7.28 | -243.4 | 0.0 | 3.01 | -81.29 | 0.0 | 3.01 | -80.75 | 0.0 | 0.16 | -88.41 | 0.0 | 0.16 | -87.3 | 0.0 | 0.05 | -37.5 | 0.0 | 4.62 | -73.49 | 0.0 | 6.04 | -44.99 | 0.0 | -250.00 | -2150.0 | 0.0 | 350.00 | 215.0 | 0.0 | 6.71 | 80.86 | 0.0 |
| 20Q2 (3) | 0.17 | 240.0 | 0.0 | 4.08 | -42.29 | 0.0 | -2.12 | -332.65 | 0.0 | 16.09 | 146.4 | 0.0 | 15.64 | 139.51 | 0.0 | 1.38 | 220.93 | 0.0 | 1.26 | 215.0 | 0.0 | 0.08 | 33.33 | 0.0 | 17.43 | 101.74 | 0.0 | 10.98 | 12.62 | 0.0 | -11.11 | 0 | 0.0 | 111.11 | -7.41 | 0.0 | 3.71 | -25.35 | 0.0 |
| 20Q1 (2) | 0.05 | 150.0 | 0.0 | 7.07 | 49.47 | 0.0 | -0.49 | 82.31 | 0.0 | 6.53 | 80.89 | 0.0 | 6.53 | 594.68 | 0.0 | 0.43 | 230.77 | 0.0 | 0.40 | 207.69 | 0.0 | 0.06 | -50.0 | 0.0 | 8.64 | 104.74 | 0.0 | 9.75 | -17.86 | 0.0 | -0.00 | 100.0 | 0.0 | 120.00 | -34.55 | 0.0 | 4.97 | 0 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 4.73 | 0.0 | 0.0 | -2.77 | 0.0 | 0.0 | 3.61 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 4.22 | 0.0 | 0.0 | 11.87 | 0.0 | 0.0 | -83.33 | 0.0 | 0.0 | 183.33 | 0.0 | 0.0 | 0.00 | 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) | 0.32 | 0 | 5.30 | -16.8 | -5.14 | 0 | 1.37 | -41.1 | 10.81 | 0 | 10.78 | 0 | 2.55 | 0 | 2.36 | 0 | 0.22 | 69.23 | 12.33 | 0 | 9.36 | 14.15 | -46.88 | 0 | 146.88 | 175.39 | 0.00 | 0 | 7.31 | -31.62 |
| 2022 (9) | -0.50 | 0 | 6.37 | 42.19 | -12.30 | 0 | 2.33 | 146.51 | -26.45 | 0 | -28.51 | 0 | -3.86 | 0 | -3.60 | 0 | 0.13 | -58.06 | -23.84 | 0 | 8.20 | 33.99 | 46.67 | 0 | 53.33 | -55.31 | 0.00 | 0 | 10.69 | 56.29 |
| 2021 (8) | 1.15 | 248.48 | 4.48 | -10.04 | -5.31 | 0 | 0.94 | 1.89 | 28.10 | 251.25 | 26.69 | 254.92 | 8.87 | 238.55 | 8.21 | 243.51 | 0.31 | 0.0 | 29.01 | 221.26 | 6.12 | -40.76 | -19.33 | 0 | 119.33 | -9.21 | 0.00 | 0 | 6.84 | 36.53 |
| 2020 (7) | 0.33 | 3.13 | 4.98 | -9.78 | -2.70 | 0 | 0.93 | -51.11 | 8.00 | -41.82 | 7.52 | -37.75 | 2.62 | 1.95 | 2.39 | -1.24 | 0.31 | 55.0 | 9.03 | -43.24 | 10.33 | -12.97 | -34.29 | 0 | 131.43 | -10.73 | 0.00 | 0 | 5.01 | -33.38 |
| 2019 (6) | 0.32 | 166.67 | 5.52 | 16.95 | -6.20 | 0 | 1.89 | -34.66 | 13.75 | 54.49 | 12.08 | 39.17 | 2.57 | 157.0 | 2.42 | 154.74 | 0.20 | 81.82 | 15.91 | 29.14 | 11.87 | 131.84 | -44.44 | 0 | 147.22 | -52.25 | 0.00 | 0 | 7.52 | -39.79 |
| 2018 (5) | 0.12 | 1100.0 | 4.72 | -21.2 | -17.56 | 0 | 2.90 | -67.63 | 8.90 | 190.85 | 8.68 | 298.17 | 1.00 | 669.23 | 0.95 | 630.77 | 0.11 | 120.0 | 12.32 | 3.18 | 5.12 | -21.47 | -200.00 | 0 | 308.33 | -73.19 | 0.00 | 0 | 12.49 | -45.98 |
| 2017 (4) | 0.01 | -75.0 | 5.99 | -34.68 | -31.24 | 0 | 8.96 | -17.41 | 3.06 | -52.41 | 2.18 | -59.33 | 0.13 | -65.79 | 0.13 | -63.89 | 0.05 | -28.57 | 11.94 | -29.22 | 6.52 | -16.73 | -1050.00 | 0 | 1150.00 | 150.0 | 0.00 | 0 | 23.12 | 26.48 |
| 2016 (3) | 0.04 | -63.64 | 9.17 | 83.4 | -21.63 | 0 | 10.84 | 12.77 | 6.43 | -47.42 | 5.36 | -51.32 | 0.38 | -60.82 | 0.36 | -60.44 | 0.07 | -12.5 | 16.87 | -23.73 | 7.83 | -6.9 | -360.00 | 0 | 460.00 | 70.86 | 0.00 | 0 | 18.28 | 6.9 |
| 2015 (2) | 0.11 | -15.38 | 5.00 | -8.26 | -21.62 | 0 | 9.62 | 63.46 | 12.23 | 48.42 | 11.01 | 33.62 | 0.97 | -9.35 | 0.91 | -9.0 | 0.08 | -33.33 | 22.12 | 53.82 | 8.41 | -20.81 | -169.23 | 0 | 269.23 | 20.69 | 0.00 | 0 | 17.10 | 90.21 |
| 2014 (1) | 0.13 | -91.77 | 5.45 | 0 | -10.48 | 0 | 5.88 | 62.75 | 8.24 | 0 | 8.24 | 0 | 1.07 | 0 | 1.00 | 0 | 0.12 | -14.29 | 14.38 | -85.08 | 10.62 | 33.08 | -123.08 | 0 | 223.08 | 97.44 | 0.00 | 0 | 8.99 | -15.9 |
