- 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) | -0.29 | -26.09 | -26.09 | 1.63 | -47.25 | -80.98 | -10.82 | -67.23 | -1158.14 | -10.69 | -63.46 | -76.11 | -7.75 | -40.14 | -49.9 | -0.90 | -18.42 | -55.17 | -0.45 | -21.62 | -60.71 | 0.07 | -12.5 | 16.67 | -2.25 | -457.14 | -174.01 | 70.68 | -8.93 | -8.31 | 101.30 | 2.23 | 600.17 | -1.30 | -207.38 | -101.51 | 9.07 | 43.29 | 19.34 |
| 24Q2 (19) | -0.23 | 47.73 | 69.74 | 3.09 | -43.82 | 361.86 | -6.47 | 6.5 | 41.24 | -6.54 | 62.86 | 68.54 | -5.53 | 62.41 | 68.93 | -0.76 | 41.98 | 61.42 | -0.37 | 47.89 | 66.36 | 0.08 | 60.0 | 33.33 | 0.63 | 109.04 | 105.29 | 77.61 | 8.58 | 5.43 | 99.09 | 152.35 | 87.07 | 1.21 | -98.0 | -97.42 | 6.33 | -34.81 | -9.83 |
| 24Q1 (18) | -0.44 | 2.22 | -175.0 | 5.50 | 973.02 | 25.0 | -6.92 | 42.67 | -62.44 | -17.61 | -18.27 | -378.53 | -14.71 | -25.51 | -390.33 | -1.31 | -6.5 | -274.29 | -0.71 | -9.23 | -343.75 | 0.05 | -16.67 | -28.57 | -6.97 | -46.43 | -252.18 | 71.48 | 2.55 | 2.17 | 39.27 | -51.59 | -66.19 | 60.73 | 218.56 | 476.54 | 9.71 | 8.86 | 45.8 |
| 23Q4 (17) | -0.45 | -95.65 | -40.62 | -0.63 | -107.35 | -134.24 | -12.07 | -1303.49 | -19.39 | -14.89 | -145.3 | -75.38 | -11.72 | -126.69 | -37.08 | -1.23 | -112.07 | -33.7 | -0.65 | -132.14 | -25.0 | 0.06 | 0.0 | -14.29 | -4.76 | -256.58 | -1486.67 | 69.70 | -9.59 | 3.72 | 81.12 | 460.65 | -31.93 | 19.06 | -77.82 | 199.49 | 8.92 | 17.37 | 3.72 |
| 23Q3 (16) | -0.23 | 69.74 | 66.67 | 8.57 | 826.27 | 316.41 | -0.86 | 92.19 | 93.11 | -6.07 | 70.8 | 59.83 | -5.17 | 70.96 | 59.8 | -0.58 | 70.56 | 60.0 | -0.28 | 74.55 | 68.54 | 0.06 | 0.0 | -14.29 | 3.04 | 125.52 | 138.1 | 77.09 | 4.73 | 23.8 | 14.47 | -72.69 | -82.49 | 85.96 | 82.77 | 395.43 | 7.60 | 8.26 | 21.99 |
| 23Q2 (15) | -0.76 | -375.0 | -300.0 | -1.18 | -126.82 | -117.2 | -11.01 | -158.45 | -2146.94 | -20.79 | -464.95 | -645.67 | -17.80 | -493.33 | -386.34 | -1.97 | -462.86 | -271.7 | -1.10 | -587.5 | -223.53 | 0.06 | -14.29 | -40.0 | -11.91 | -360.04 | -215.18 | 73.61 | 5.22 | 38.76 | 52.97 | -54.39 | 510.03 | 47.03 | 391.58 | -58.53 | 7.02 | 5.41 | 40.96 |
| 23Q1 (14) | -0.16 | 50.0 | -124.62 | 4.40 | 139.13 | -66.05 | -4.26 | 57.86 | -218.99 | -3.68 | 56.65 | -122.45 | -3.00 | 64.91 | -121.82 | -0.35 | 61.96 | -122.01 | -0.16 | 69.23 | -113.11 | 0.07 | 0.0 | -22.22 | 4.58 | 1626.67 | -80.92 | 69.96 | 4.11 | 78.61 | 116.13 | -2.54 | 433.33 | -16.13 | 15.83 | -120.65 | 6.66 | -22.56 | -9.39 |
| 22Q4 (13) | -0.32 | 53.62 | -134.78 | 1.84 | 146.46 | -86.75 | -10.11 | 18.99 | -276.44 | -8.49 | 43.81 | -145.67 | -8.55 | 33.51 | -156.44 | -0.92 | 36.55 | -140.53 | -0.52 | 41.57 | -127.66 | 0.07 | 0.0 | -41.67 | -0.30 | 96.24 | -101.21 | 67.20 | 7.92 | 172.29 | 119.16 | 44.18 | 286.91 | -19.16 | -210.44 | -127.69 | 8.60 | 38.04 | 39.38 |
| 22Q3 (12) | -0.69 | -263.16 | -143.12 | -3.96 | -157.73 | -121.08 | -12.48 | -2446.94 | -208.52 | -15.11 | -496.59 | -148.11 | -12.86 | -251.37 | -147.26 | -1.45 | -173.58 | -134.2 | -0.89 | -161.76 | -124.45 | 0.07 | -30.0 | -46.15 | -7.98 | -177.18 | -122.14 | 62.27 | 17.38 | 252.8 | 82.65 | 739.77 | 125.7 | 17.35 | -84.7 | -72.63 | 6.23 | 25.1 | -10.62 |
| 22Q2 (11) | -0.19 | -129.23 | -110.44 | 6.86 | -47.07 | -69.69 | -0.49 | -113.69 | -103.13 | 3.81 | -76.75 | -89.72 | -3.66 | -126.62 | -112.86 | -0.53 | -133.33 | -110.79 | -0.34 | -127.87 | -108.0 | 0.10 | 11.11 | -33.33 | 10.34 | -56.92 | -76.08 | 53.05 | 35.44 | 240.28 | -12.92 | -159.33 | -130.59 | 113.40 | 45.21 | 96.28 | 4.98 | -32.24 | -26.22 |
| 22Q1 (10) | 0.65 | -29.35 | -69.48 | 12.96 | -6.7 | -52.98 | 3.58 | -37.52 | -81.36 | 16.39 | -11.83 | -62.98 | 13.75 | -9.24 | -63.69 | 1.59 | -29.96 | -74.02 | 1.22 | -35.11 | -76.89 | 0.09 | -25.0 | -35.71 | 24.00 | -3.58 | -53.25 | 39.17 | 58.71 | 151.25 | 21.77 | -29.3 | -49.85 | 78.09 | 12.85 | 37.91 | 7.35 | 19.12 | -10.37 |
| 21Q4 (9) | 0.92 | -42.5 | -57.8 | 13.89 | -26.08 | -52.4 | 5.73 | -50.17 | -72.78 | 18.59 | -40.82 | -60.42 | 15.15 | -44.32 | -62.23 | 2.27 | -46.46 | -67.01 | 1.88 | -48.35 | -68.4 | 0.12 | -7.69 | -20.0 | 24.89 | -30.96 | -52.77 | 24.68 | 39.83 | 47.61 | 30.80 | -15.9 | -31.3 | 69.20 | 9.19 | 25.43 | 6.17 | -11.48 | -24.29 |
| 21Q3 (8) | 1.60 | -12.09 | 2.56 | 18.79 | -16.97 | -6.75 | 11.50 | -26.56 | -4.17 | 31.41 | -15.29 | -22.02 | 27.21 | -4.43 | -22.94 | 4.24 | -13.65 | -21.77 | 3.64 | -14.35 | -23.69 | 0.13 | -13.33 | -7.14 | 36.05 | -16.61 | -25.41 | 17.65 | 13.21 | 19.1 | 36.62 | -13.28 | 22.8 | 63.38 | 9.71 | -9.76 | 6.97 | 3.26 | -11.44 |
| 21Q2 (7) | 1.82 | -14.55 | 139.47 | 22.63 | -17.89 | 30.43 | 15.66 | -18.48 | 79.38 | 37.08 | -16.24 | 45.18 | 28.47 | -24.82 | 41.64 | 4.91 | -19.77 | 79.85 | 4.25 | -19.51 | 75.62 | 0.15 | 7.14 | 25.0 | 43.23 | -15.8 | 29.7 | 15.59 | 0.0 | 25.32 | 42.23 | -2.74 | 23.59 | 57.77 | 2.03 | -12.24 | 6.75 | -17.68 | 0 |
| 21Q1 (6) | 2.13 | -2.29 | 10550.0 | 27.56 | -5.55 | 644.86 | 19.21 | -8.74 | 581.45 | 44.27 | -5.75 | 2049.03 | 37.87 | -5.58 | 3029.75 | 6.12 | -11.05 | 3725.0 | 5.28 | -11.26 | 3420.0 | 0.14 | -6.67 | 16.67 | 51.34 | -2.58 | 336.56 | 15.59 | -6.76 | 16.34 | 43.42 | -3.15 | 122.31 | 56.62 | 2.64 | -80.78 | 8.20 | 0.61 | 13.73 |
| 20Q4 (5) | 2.18 | 39.74 | 581.25 | 29.18 | 44.81 | 255.85 | 21.05 | 75.42 | 1102.86 | 46.97 | 16.61 | 510.79 | 40.11 | 13.59 | 495.1 | 6.88 | 26.94 | 463.93 | 5.95 | 24.74 | 461.32 | 0.15 | 7.14 | -6.25 | 52.70 | 9.04 | 204.8 | 16.72 | 12.82 | 7.04 | 44.83 | 50.33 | 96.0 | 55.17 | -21.45 | -28.47 | 8.15 | 3.56 | 0 |
| 20Q3 (4) | 1.56 | 105.26 | 0.0 | 20.15 | 16.14 | 0.0 | 12.00 | 37.46 | 0.0 | 40.28 | 57.71 | 0.0 | 35.31 | 75.67 | 0.0 | 5.42 | 98.53 | 0.0 | 4.77 | 97.11 | 0.0 | 0.14 | 16.67 | 0.0 | 48.33 | 45.0 | 0.0 | 14.82 | 19.13 | 0.0 | 29.82 | -12.73 | 0.0 | 70.24 | 6.69 | 0.0 | 7.87 | 0 | 0.0 |
| 20Q2 (3) | 0.76 | 3700.0 | 0.0 | 17.35 | 368.92 | 0.0 | 8.73 | 318.8 | 0.0 | 25.54 | 1139.81 | 0.0 | 20.10 | 1561.16 | 0.0 | 2.73 | 1606.25 | 0.0 | 2.42 | 1513.33 | 0.0 | 0.12 | 0.0 | 0.0 | 33.33 | 183.42 | 0.0 | 12.44 | -7.16 | 0.0 | 34.17 | 117.56 | 0.0 | 65.83 | -77.65 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.02 | -93.75 | 0.0 | 3.70 | -54.88 | 0.0 | -3.99 | -328.0 | 0.0 | 2.06 | -73.21 | 0.0 | 1.21 | -82.05 | 0.0 | 0.16 | -86.89 | 0.0 | 0.15 | -85.85 | 0.0 | 0.12 | -25.0 | 0.0 | 11.76 | -31.98 | 0.0 | 13.40 | -14.21 | 0.0 | -194.59 | -950.79 | 0.0 | 294.59 | 281.96 | 0.0 | 7.21 | 0 | 0.0 |
| 19Q4 (1) | 0.32 | 0.0 | 0.0 | 8.20 | 0.0 | 0.0 | 1.75 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 6.74 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 17.29 | 0.0 | 0.0 | 15.62 | 0.0 | 0.0 | 22.87 | 0.0 | 0.0 | 77.13 | 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) | -1.59 | 0 | 2.85 | -40.5 | -6.95 | 0 | 5.17 | 17.37 | -11.16 | 0 | -9.27 | 0 | -4.01 | 0 | -2.18 | 0 | 0.26 | -21.21 | -2.10 | 0 | 69.70 | 3.72 | 62.22 | -98.73 | 37.78 | 0 | 2.09 | 19.07 | 7.52 | 13.08 |
| 2022 (9) | -0.56 | 0 | 4.79 | -76.74 | -4.33 | 0 | 4.40 | 31.96 | -0.09 | 0 | -2.50 | 0 | -1.21 | 0 | -0.72 | 0 | 0.33 | -37.74 | 7.22 | -81.32 | 67.20 | 172.29 | 4918.75 | 12322.67 | -4818.75 | 0 | 1.76 | -18.6 | 6.65 | -4.86 |
| 2021 (8) | 6.47 | 43.14 | 20.59 | 9.87 | 12.92 | 21.89 | 3.34 | -32.0 | 32.63 | 5.87 | 26.95 | 3.38 | 17.28 | 16.68 | 14.28 | 11.91 | 0.53 | 8.16 | 38.65 | 0.47 | 24.68 | 47.61 | 39.59 | 15.13 | 60.41 | -7.93 | 2.16 | -11.01 | 6.99 | -10.38 |
| 2020 (7) | 4.52 | 99.12 | 18.74 | 45.38 | 10.60 | 58.45 | 4.90 | 5.9 | 30.82 | 130.17 | 26.07 | 145.25 | 14.81 | 79.95 | 12.76 | 79.47 | 0.49 | -26.87 | 38.47 | 77.85 | 16.72 | 7.04 | 34.39 | -31.19 | 65.61 | 31.17 | 2.43 | 13.44 | 7.80 | 30.22 |
| 2019 (6) | 2.27 | -30.37 | 12.89 | -21.35 | 6.69 | -39.57 | 4.63 | 33.71 | 13.39 | -18.35 | 10.63 | -16.5 | 8.23 | -35.85 | 7.11 | -34.77 | 0.67 | -22.09 | 21.63 | -5.38 | 15.62 | -5.56 | 49.98 | -25.97 | 50.02 | 53.96 | 2.14 | -5.16 | 5.99 | 3.81 |
| 2018 (5) | 3.26 | -10.44 | 16.39 | 0.86 | 11.07 | 4.04 | 3.46 | -8.09 | 16.40 | -8.43 | 12.73 | -13.75 | 12.83 | -17.49 | 10.90 | -16.22 | 0.86 | -2.27 | 22.86 | -10.81 | 16.54 | -13.99 | 67.51 | 13.69 | 32.49 | -20.02 | 2.26 | -6.23 | 5.77 | -3.35 |
| 2017 (4) | 3.64 | 37.36 | 16.25 | -5.47 | 10.64 | -2.21 | 3.77 | -10.74 | 17.91 | 15.7 | 14.76 | 13.98 | 15.55 | 19.89 | 13.01 | 21.25 | 0.88 | 6.02 | 25.63 | 6.22 | 19.23 | -3.56 | 59.38 | -15.49 | 40.62 | 36.6 | 2.41 | 0 | 5.97 | -10.63 |
| 2016 (3) | 2.65 | 63.58 | 17.19 | 13.17 | 10.88 | 19.3 | 4.22 | 3.11 | 15.48 | 56.21 | 12.95 | 56.97 | 12.97 | 44.43 | 10.73 | 52.85 | 0.83 | -1.19 | 24.13 | 35.94 | 19.94 | -10.18 | 70.27 | -23.65 | 29.73 | 271.02 | 0.00 | 0 | 6.68 | 6.37 |
| 2015 (2) | 1.62 | 422.58 | 15.19 | 132.26 | 9.12 | 401.1 | 4.09 | 15.63 | 9.91 | 219.68 | 8.25 | 308.42 | 8.98 | 230.15 | 7.02 | 234.29 | 0.84 | -15.15 | 17.75 | 90.25 | 22.20 | -39.36 | 92.04 | 56.3 | 8.01 | -80.51 | 0.00 | 0 | 6.28 | 40.81 |
| 2014 (1) | 0.31 | -85.58 | 6.54 | 0 | 1.82 | 0 | 3.54 | 9.79 | 3.10 | 0 | 2.02 | 0 | 2.72 | 0 | 2.10 | 0 | 0.99 | -8.33 | 9.33 | -39.38 | 36.61 | -0.44 | 58.89 | -24.16 | 41.11 | 83.92 | 0.00 | 0 | 4.46 | -2.41 |
