- 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) | -0.22 | -214.29 | -164.71 | -19.24 | -26.41 | -6734.48 | -34.32 | -12.19 | -164.0 | -33.48 | -234.8 | -191.63 | -27.61 | -227.91 | -197.36 | -0.70 | -204.35 | -172.92 | -0.67 | -204.55 | -172.83 | 0.02 | -33.33 | -33.33 | -12.68 | -239.49 | -124.12 | 3.37 | -36.29 | -16.17 | 104.17 | -65.28 | 380.45 | -4.17 | 97.92 | -103.04 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.07 | -143.75 | -130.43 | -15.22 | -4105.26 | -851.25 | -30.59 | -163.25 | -123.94 | -10.00 | -158.17 | -145.0 | -8.42 | -166.09 | -147.04 | -0.23 | -153.49 | -135.38 | -0.22 | -153.66 | -135.48 | 0.03 | 0.0 | 0.0 | 9.09 | -72.73 | -75.36 | 5.29 | 49.01 | 6.87 | 300.00 | 563.64 | 592.86 | -200.00 | -221.43 | -224.32 | 27.15 | 17.74 | 17.08 |
| 24Q1 (18) | 0.16 | 147.06 | 900.0 | 0.38 | 108.02 | -92.49 | -11.62 | 28.45 | -106.03 | 17.19 | 145.5 | 1422.31 | 12.74 | 139.85 | 633.05 | 0.43 | 140.19 | 577.78 | 0.41 | 139.81 | 555.56 | 0.03 | 0.0 | -25.0 | 33.33 | 252.33 | 161.82 | 3.55 | -9.44 | -9.9 | -64.71 | -245.59 | -110.78 | 164.71 | 182.35 | 132.94 | 23.06 | 23.05 | 6.41 |
| 23Q4 (17) | -0.34 | -200.0 | -126.67 | -4.74 | -1734.48 | -130.64 | -16.24 | -24.92 | -366.23 | -37.78 | -203.39 | -149.7 | -31.97 | -212.73 | -159.71 | -1.07 | -211.46 | -114.0 | -1.03 | -211.96 | -114.58 | 0.03 | 0.0 | -25.0 | -21.88 | -141.61 | -744.79 | 3.92 | -2.49 | -10.71 | 44.44 | 219.66 | 214.29 | 58.33 | -57.47 | -58.0 | 18.74 | -25.37 | 0.16 |
| 23Q3 (16) | 0.34 | 47.83 | 21.43 | 0.29 | 118.12 | -94.32 | -13.00 | 4.83 | -212.5 | 36.54 | 64.45 | 76.78 | 28.36 | 58.44 | 71.46 | 0.96 | 47.69 | 21.52 | 0.92 | 48.39 | 26.03 | 0.03 | 0.0 | -25.0 | 52.58 | 42.53 | 63.7 | 4.02 | -18.79 | -3.6 | -37.14 | 38.98 | -73.33 | 137.14 | -14.75 | 12.94 | 25.11 | 8.28 | 34.71 |
| 23Q2 (15) | 0.23 | 1250.0 | 666.67 | -1.60 | -131.62 | -130.71 | -13.66 | -142.2 | -311.45 | 22.22 | 1809.23 | 409.63 | 17.90 | 848.95 | 822.68 | 0.65 | 822.22 | 550.0 | 0.62 | 788.89 | 588.89 | 0.03 | -25.0 | -40.0 | 36.89 | 189.79 | 153.19 | 4.95 | 25.63 | -53.26 | -60.87 | -110.14 | 14.78 | 160.87 | 132.17 | -6.16 | 23.19 | 7.01 | 33.05 |
| 23Q1 (14) | -0.02 | 86.67 | -150.0 | 5.06 | -67.29 | -29.82 | -5.64 | -192.46 | -487.5 | -1.30 | 91.41 | -160.19 | -2.39 | 80.58 | -257.24 | -0.09 | 82.0 | -228.57 | -0.09 | 81.25 | -228.57 | 0.04 | 0.0 | -20.0 | 12.73 | 591.51 | 0.47 | 3.94 | -10.25 | -29.26 | 600.00 | 1642.86 | 1900.0 | -500.00 | -460.0 | -400.0 | 21.67 | 15.82 | 16.13 |
| 22Q4 (13) | -0.15 | -153.57 | -266.67 | 15.47 | 202.74 | 231.26 | 6.10 | 246.63 | 933.9 | -15.13 | -173.2 | -379.67 | -12.31 | -174.43 | -329.24 | -0.50 | -163.29 | -292.31 | -0.48 | -165.75 | -292.0 | 0.04 | 0.0 | -20.0 | -2.59 | -108.06 | -115.44 | 4.39 | 5.28 | -20.61 | -38.89 | -81.48 | -411.11 | 138.89 | 14.38 | 58.73 | 18.71 | 0.38 | 24.73 |
| 22Q3 (12) | 0.28 | 833.33 | 196.55 | 5.11 | -1.92 | -55.33 | -4.16 | -25.3 | -222.35 | 20.67 | 374.08 | 215.09 | 16.54 | 752.58 | 206.23 | 0.79 | 690.0 | 191.86 | 0.73 | 711.11 | 207.35 | 0.04 | -20.0 | 0.0 | 32.12 | 120.45 | 108.84 | 4.17 | -60.62 | -39.21 | -21.43 | 70.0 | -139.29 | 121.43 | -29.17 | 167.14 | 18.64 | 6.94 | -15.54 |
| 22Q2 (11) | 0.03 | -25.0 | -98.16 | 5.21 | -27.74 | -88.94 | -3.32 | -245.83 | -108.03 | 4.36 | 101.85 | -89.84 | 1.94 | 27.63 | -94.36 | 0.10 | 42.86 | -97.44 | 0.09 | 28.57 | -96.98 | 0.05 | 0.0 | -44.44 | 14.57 | 15.0 | -69.01 | 10.59 | 90.13 | -76.38 | -71.43 | -114.29 | -174.44 | 171.43 | 2.86 | 4842.86 | 17.43 | -6.59 | 40.23 |
| 22Q1 (10) | 0.04 | -55.56 | -97.83 | 7.21 | 54.39 | -84.85 | -0.96 | -262.71 | -102.29 | 2.16 | -60.07 | -94.86 | 1.52 | -71.69 | -95.46 | 0.07 | -73.08 | -98.26 | 0.07 | -72.0 | -97.9 | 0.05 | 0.0 | -50.0 | 12.67 | -24.49 | -72.12 | 5.57 | 0.72 | -72.37 | -33.33 | -366.67 | -133.5 | 166.67 | 90.48 | 32900.0 | 18.66 | 24.4 | 50.61 |
| 21Q4 (9) | 0.09 | 131.03 | -98.61 | 4.67 | -59.18 | -93.25 | 0.59 | -82.65 | -99.1 | 5.41 | -17.53 | -91.79 | 5.37 | 134.49 | -89.7 | 0.26 | 130.23 | -98.33 | 0.25 | 136.76 | -98.04 | 0.05 | 25.0 | -79.17 | 16.78 | 9.1 | -75.17 | 5.53 | -19.39 | -73.69 | 12.50 | -77.08 | -87.48 | 87.50 | 92.5 | 61237.5 | 15.00 | -32.03 | 71.43 |
| 21Q3 (8) | -0.29 | -117.79 | -103.61 | 11.44 | -75.72 | -83.74 | 3.40 | -91.78 | -94.83 | 6.56 | -84.71 | -90.05 | -15.57 | -145.25 | -129.67 | -0.86 | -122.05 | -103.69 | -0.68 | -122.82 | -103.51 | 0.04 | -55.56 | -89.19 | 15.38 | -67.28 | -77.04 | 6.86 | -84.7 | -69.99 | 54.55 | -43.15 | -45.33 | 45.45 | 1210.61 | 19740.91 | 22.07 | 77.55 | 144.41 |
| 21Q2 (7) | 1.63 | -11.41 | -77.39 | 47.11 | -1.03 | -31.53 | 41.35 | -1.31 | -35.32 | 42.91 | 2.09 | -32.88 | 34.41 | 2.87 | -32.21 | 3.90 | -3.23 | -85.84 | 2.98 | -10.78 | -87.54 | 0.09 | -10.0 | -80.85 | 47.01 | 3.46 | -27.94 | 44.83 | 122.37 | 164.17 | 95.95 | -3.56 | -4.05 | 3.47 | 586.71 | 0 | 12.43 | 0.32 | 0 |
| 21Q1 (6) | 1.84 | -71.52 | 26.9 | 47.60 | -31.21 | 10.44 | 41.90 | -36.32 | 11.41 | 42.03 | -36.2 | 9.2 | 33.45 | -35.85 | 5.92 | 4.03 | -74.05 | -45.17 | 3.34 | -73.78 | -50.15 | 0.10 | -58.33 | -52.38 | 45.44 | -32.76 | 10.51 | 20.16 | -4.09 | 58.49 | 99.49 | -0.36 | 1.97 | 0.51 | 254.04 | -79.17 | 12.39 | 41.6 | 0 |
| 20Q4 (5) | 6.46 | -19.65 | 6360.0 | 69.20 | -1.66 | 391.83 | 65.80 | 0.09 | 746.85 | 65.88 | -0.03 | 1059.86 | 52.14 | -0.63 | 1187.41 | 15.53 | -33.32 | 3782.5 | 12.74 | -34.23 | 3252.63 | 0.24 | -35.14 | 166.67 | 67.58 | 0.88 | 463.17 | 21.02 | -8.05 | 234.71 | 99.86 | 0.09 | -28.67 | 0.14 | -37.73 | 100.36 | 8.75 | -3.1 | -29.49 |
| 20Q3 (4) | 8.04 | 11.51 | 0.0 | 70.37 | 2.28 | 0.0 | 65.74 | 2.83 | 0.0 | 65.90 | 3.08 | 0.0 | 52.47 | 3.37 | 0.0 | 23.29 | -15.46 | 0.0 | 19.37 | -19.02 | 0.0 | 0.37 | -21.28 | 0.0 | 66.99 | 2.68 | 0.0 | 22.86 | 34.71 | 0.0 | 99.77 | -0.23 | 0.0 | 0.23 | 0 | 0.0 | 9.03 | 0 | 0.0 |
| 20Q2 (3) | 7.21 | 397.24 | 0.0 | 68.80 | 59.63 | 0.0 | 63.93 | 69.98 | 0.0 | 63.93 | 66.1 | 0.0 | 50.76 | 60.73 | 0.0 | 27.55 | 274.83 | 0.0 | 23.92 | 257.01 | 0.0 | 0.47 | 123.81 | 0.0 | 65.24 | 58.66 | 0.0 | 16.97 | 33.41 | 0.0 | 100.00 | 2.48 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 1.45 | 1350.0 | 0.0 | 43.10 | 206.33 | 0.0 | 37.61 | 384.04 | 0.0 | 38.49 | 577.64 | 0.0 | 31.58 | 679.75 | 0.0 | 7.35 | 1737.5 | 0.0 | 6.70 | 1663.16 | 0.0 | 0.21 | 133.33 | 0.0 | 41.12 | 242.67 | 0.0 | 12.72 | 102.55 | 0.0 | 97.58 | -30.3 | 0.0 | 2.42 | 106.06 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.10 | 0.0 | 0.0 | 14.07 | 0.0 | 0.0 | 7.77 | 0.0 | 0.0 | 5.68 | 0.0 | 0.0 | 4.05 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 12.00 | 0.0 | 0.0 | 6.28 | 0.0 | 0.0 | 140.00 | 0.0 | 0.0 | -40.00 | 0.0 | 0.0 | 12.41 | 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) | 0.21 | 10.53 | -0.09 | 0 | -11.94 | 0 | 14.78 | 32.05 | 5.12 | 38.38 | 3.14 | 28.69 | 0.44 | -4.35 | 0.43 | -2.27 | 0.14 | -22.22 | 19.95 | 34.8 | 3.92 | -10.71 | -228.57 | 0 | 328.57 | 165.38 | 0.00 | 0 | 22.19 | 21.06 |
| 2022 (9) | 0.19 | -94.17 | 7.88 | -78.66 | -0.91 | 0 | 11.19 | 111.57 | 3.70 | -88.69 | 2.44 | -89.53 | 0.46 | -94.3 | 0.44 | -93.78 | 0.18 | -40.0 | 14.80 | -61.09 | 4.39 | -20.61 | -23.81 | 0 | 123.81 | 2441.35 | 0.00 | 0 | 18.33 | 30.0 |
| 2021 (8) | 3.26 | -85.92 | 36.93 | -44.63 | 31.07 | -50.07 | 5.29 | 257.67 | 32.70 | -47.6 | 23.30 | -53.08 | 8.07 | -88.8 | 7.07 | -88.58 | 0.30 | -76.0 | 38.04 | -40.43 | 5.53 | -73.69 | 94.87 | -4.9 | 4.87 | 1661.5 | 0.00 | 0 | 14.10 | 64.34 |
| 2020 (7) | 23.16 | 5286.05 | 66.70 | 515.88 | 62.23 | 1333.87 | 1.48 | -76.18 | 62.40 | 996.66 | 49.66 | 1006.01 | 72.03 | 3593.85 | 61.90 | 3282.51 | 1.25 | 204.88 | 63.86 | 436.64 | 21.02 | 234.71 | 99.76 | 29.1 | 0.28 | -98.78 | 0.00 | 0 | 8.58 | -30.75 |
| 2019 (6) | 0.43 | -38.57 | 10.83 | -2.52 | 4.34 | -18.73 | 6.21 | 1.35 | 5.69 | -29.05 | 4.49 | -31.45 | 1.95 | -42.14 | 1.83 | -41.9 | 0.41 | -14.58 | 11.90 | -15.66 | 6.28 | -9.25 | 77.27 | 15.12 | 22.73 | -33.64 | 0.00 | 0 | 12.39 | 14.94 |
| 2018 (5) | 0.70 | 37.25 | 11.11 | -18.67 | 5.34 | -29.37 | 6.13 | -15.88 | 8.02 | 31.26 | 6.55 | 42.7 | 3.37 | 51.8 | 3.15 | 53.66 | 0.48 | 6.67 | 14.11 | 5.22 | 6.92 | -5.34 | 67.12 | -45.27 | 34.25 | 0 | 0.00 | 0 | 10.78 | -0.09 |
| 2017 (4) | 0.51 | -56.03 | 13.66 | -33.07 | 7.56 | -44.45 | 7.28 | 9.25 | 6.11 | -55.6 | 4.59 | -59.2 | 2.22 | -62.56 | 2.05 | -62.32 | 0.45 | -6.25 | 13.41 | -34.26 | 7.31 | -22.89 | 122.64 | 23.55 | -24.53 | 0 | 0.00 | 0 | 10.79 | 2.18 |
| 2016 (3) | 1.16 | 16.0 | 20.41 | 29.83 | 13.61 | 48.91 | 6.67 | 4.23 | 13.76 | 25.66 | 11.25 | 27.12 | 5.93 | 16.5 | 5.44 | 15.99 | 0.48 | -9.43 | 20.40 | 17.31 | 9.48 | 11.4 | 99.26 | 18.92 | 0.74 | -95.55 | 0.00 | 0 | 10.56 | 10.11 |
| 2015 (2) | 1.00 | 72.41 | 15.72 | 74.47 | 9.14 | 279.25 | 6.40 | 10.11 | 10.95 | 85.28 | 8.85 | 88.3 | 5.09 | 71.96 | 4.69 | 73.06 | 0.53 | -8.62 | 17.39 | 48.63 | 8.51 | 3.03 | 83.47 | 104.36 | 16.53 | -72.06 | 0.00 | 0 | 9.59 | 18.25 |
| 2014 (1) | 0.58 | -19.44 | 9.01 | 0 | 2.41 | 0 | 5.81 | -12.14 | 5.91 | 0 | 4.70 | 0 | 2.96 | 0 | 2.71 | 0 | 0.58 | 11.54 | 11.70 | -20.84 | 8.26 | -23.66 | 40.85 | -43.2 | 59.15 | 119.37 | 0.00 | 0 | 8.11 | -2.29 |
