- 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) | -0.08 | -180.0 | -150.0 | 0.84 | -75.44 | 12.0 | -7.30 | -82.5 | -32.25 | -4.61 | -197.05 | -151.68 | -3.30 | -168.04 | -148.67 | -0.54 | -167.5 | -146.96 | -0.23 | -138.98 | -128.05 | 0.10 | 0.0 | -9.09 | 5.69 | -59.73 | -67.96 | 65.10 | 3.27 | 9.28 | 158.51 | 288.23 | 356.37 | -58.51 | -131.76 | -136.16 | 11.56 | 3.96 | 13.11 |
| 24Q2 (19) | 0.10 | -58.33 | 350.0 | 3.42 | -1.72 | 301.18 | -4.00 | -10.5 | 48.98 | 4.75 | -66.1 | 328.37 | 4.85 | -59.31 | 309.05 | 0.80 | -60.98 | 290.48 | 0.59 | -56.93 | 427.78 | 0.10 | -9.09 | -16.67 | 14.13 | -36.06 | 105.98 | 63.04 | 6.85 | 14.56 | -84.21 | -225.61 | -122.26 | 184.21 | 46.36 | 166.2 | 11.12 | 4.32 | 13.82 |
| 24Q1 (18) | 0.24 | 182.76 | 318.18 | 3.48 | 385.25 | 500.0 | -3.62 | 59.05 | 49.16 | 14.01 | 161.39 | 335.86 | 11.92 | 162.8 | 363.72 | 2.05 | 182.0 | 344.05 | 1.37 | 190.73 | 404.44 | 0.11 | 37.5 | -8.33 | 22.10 | 278.95 | 634.22 | 59.00 | -1.6 | 2.2 | -25.86 | -166.76 | -121.52 | 125.86 | 105.44 | 724.65 | 10.66 | -4.57 | 11.74 |
| 23Q4 (17) | -0.29 | -281.25 | 6.45 | -1.22 | -262.67 | -34.07 | -8.84 | -60.14 | -23.12 | -22.82 | -355.83 | -40.6 | -18.98 | -379.94 | -40.91 | -2.50 | -317.39 | 1.19 | -1.51 | -284.15 | 0.66 | 0.08 | -27.27 | -33.33 | -12.35 | -169.54 | -72.01 | 59.96 | 0.65 | 5.75 | 38.74 | 162.65 | -12.55 | 61.26 | -62.14 | 9.98 | 11.17 | 9.3 | 35.89 |
| 23Q3 (16) | 0.16 | 500.0 | -27.27 | 0.75 | 144.12 | -84.54 | -5.52 | 29.59 | -85.23 | 8.92 | 528.85 | 15.69 | 6.78 | 392.24 | 13.0 | 1.15 | 373.81 | -28.13 | 0.82 | 555.56 | -21.9 | 0.11 | -8.33 | -31.25 | 17.76 | 158.89 | 26.05 | 59.57 | 8.25 | 0.03 | -61.83 | -116.35 | -60.25 | 161.83 | 158.16 | 16.77 | 10.22 | 4.61 | 46.84 |
| 23Q2 (15) | -0.04 | 63.64 | -112.12 | -1.70 | -95.4 | -111.87 | -7.84 | -10.11 | -299.49 | -2.08 | 64.98 | -120.17 | -2.32 | 48.67 | -127.68 | -0.42 | 50.0 | -116.41 | -0.18 | 60.0 | -111.39 | 0.12 | 0.0 | -33.33 | 6.86 | 127.91 | -56.53 | 55.03 | -4.68 | -16.76 | 378.26 | 214.83 | 892.29 | -278.26 | -1281.0 | -549.68 | 9.77 | 2.41 | 57.33 |
| 23Q1 (14) | -0.11 | 64.52 | -139.29 | -0.87 | 4.4 | -106.64 | -7.12 | 0.84 | -228.99 | -5.94 | 63.4 | -151.97 | -4.52 | 66.44 | -148.09 | -0.84 | 66.8 | -137.17 | -0.45 | 70.39 | -133.09 | 0.12 | 0.0 | -14.29 | 3.01 | 141.92 | -83.28 | 57.73 | 1.82 | -19.11 | 120.15 | 171.24 | 148.56 | -20.15 | -136.17 | -139.0 | 9.54 | 16.06 | 17.92 |
| 22Q4 (13) | -0.31 | -240.91 | -164.58 | -0.91 | -118.76 | -107.0 | -7.18 | -140.94 | -381.57 | -16.23 | -310.51 | -205.53 | -13.47 | -324.5 | -188.79 | -2.53 | -258.12 | -165.54 | -1.52 | -244.76 | -163.6 | 0.12 | -25.0 | -20.0 | -7.18 | -150.96 | -133.4 | 56.70 | -4.79 | -22.7 | 44.30 | 214.81 | 166.36 | 55.70 | -59.81 | -33.19 | 8.22 | 18.1 | -3.29 |
| 22Q3 (12) | 0.22 | -33.33 | 175.0 | 4.85 | -66.13 | -60.57 | -2.98 | -175.83 | -275.29 | 7.71 | -25.22 | 165.86 | 6.00 | -28.4 | 163.16 | 1.60 | -37.5 | 166.67 | 1.05 | -33.54 | 144.19 | 0.16 | -11.11 | -5.88 | 14.09 | -10.71 | 56.56 | 59.55 | -9.92 | 5.4 | -38.58 | -201.21 | -166.04 | 138.58 | 123.95 | 233.35 | 6.96 | 12.08 | -0.57 |
| 22Q2 (11) | 0.33 | 17.86 | 560.0 | 14.32 | 9.23 | 42.2 | 3.93 | -28.8 | 417.11 | 10.31 | -9.8 | 442.63 | 8.38 | -10.85 | 302.88 | 2.56 | 13.27 | 444.68 | 1.58 | 16.18 | 351.43 | 0.18 | 28.57 | 20.0 | 15.78 | -12.33 | 70.96 | 66.11 | -7.37 | 31.35 | 38.12 | -21.14 | -6.61 | 61.88 | 19.78 | 1.07 | 6.21 | -23.24 | -24.45 |
| 22Q1 (10) | 0.28 | -41.67 | 250.0 | 13.11 | 0.85 | 5.05 | 5.52 | 116.47 | 97.85 | 11.43 | -25.68 | 178.78 | 9.40 | -38.04 | 186.59 | 2.26 | -41.45 | 258.73 | 1.36 | -43.1 | 195.65 | 0.14 | -6.67 | 7.69 | 18.00 | -16.28 | 41.51 | 71.37 | -2.7 | 36.91 | 48.34 | 190.66 | -28.68 | 51.66 | -38.03 | 60.33 | 8.09 | -4.82 | -15.38 |
| 21Q4 (9) | 0.48 | 500.0 | 860.0 | 13.00 | 5.69 | 37.28 | 2.55 | 50.0 | 80.85 | 15.38 | 430.34 | 455.23 | 15.17 | 565.35 | 629.33 | 3.86 | 543.33 | 797.67 | 2.39 | 455.81 | 624.24 | 0.15 | -11.76 | 7.14 | 21.50 | 138.89 | 86.79 | 73.35 | 29.82 | 42.15 | 16.63 | -71.54 | -67.75 | 83.37 | 100.54 | 72.12 | 8.50 | 21.43 | 7.05 |
| 21Q3 (8) | 0.08 | 60.0 | 153.33 | 12.30 | 22.14 | 784.89 | 1.70 | 123.68 | 126.69 | 2.90 | 52.63 | 128.88 | 2.28 | 9.62 | 124.84 | 0.60 | 27.66 | 137.04 | 0.43 | 22.86 | 142.16 | 0.17 | 13.33 | 41.67 | 9.00 | -2.49 | 1351.61 | 56.50 | 12.26 | 14.86 | 58.43 | 43.15 | -7.65 | 41.57 | -32.1 | 13.17 | 7.00 | -14.84 | -31.71 |
| 21Q2 (7) | 0.05 | -37.5 | 400.0 | 10.07 | -19.31 | 413.78 | 0.76 | -72.76 | 112.95 | 1.90 | -53.66 | -37.29 | 2.08 | -36.59 | -63.7 | 0.47 | -25.4 | -47.19 | 0.35 | -23.91 | -44.44 | 0.15 | 15.38 | 66.67 | 9.23 | -27.44 | -42.78 | 50.33 | -3.45 | -7.53 | 40.82 | -39.78 | 121.24 | 61.22 | 90.01 | -78.9 | 8.22 | -14.02 | 0 |
| 21Q1 (6) | 0.08 | 60.0 | 128.57 | 12.48 | 31.78 | 204.39 | 2.79 | 97.87 | 212.5 | 4.10 | 48.01 | 126.49 | 3.28 | 57.69 | 120.59 | 0.63 | 46.51 | 117.6 | 0.46 | 39.39 | 122.44 | 0.13 | -7.14 | 0.0 | 12.72 | 10.51 | 296.9 | 52.13 | 1.03 | -29.97 | 67.78 | 31.45 | 320.0 | 32.22 | -33.48 | -61.7 | 9.56 | 20.4 | 0 |
| 20Q4 (5) | 0.05 | 133.33 | 115.62 | 9.47 | 581.29 | 144.07 | 1.41 | 122.14 | 161.04 | 2.77 | 127.59 | 117.96 | 2.08 | 122.66 | 114.31 | 0.43 | 126.54 | 112.54 | 0.33 | 132.35 | 116.58 | 0.14 | 16.67 | 0.0 | 11.51 | 1756.45 | 257.03 | 51.60 | 4.9 | -13.36 | 51.56 | -18.5 | 242.93 | 48.44 | 31.86 | -42.99 | 7.94 | -22.54 | -3.29 |
| 20Q3 (4) | -0.15 | -1600.0 | 0.0 | 1.39 | -29.08 | 0.0 | -6.37 | -8.52 | 0.0 | -10.04 | -431.35 | 0.0 | -9.18 | -260.21 | 0.0 | -1.62 | -282.02 | 0.0 | -1.02 | -261.9 | 0.0 | 0.12 | 33.33 | 0.0 | 0.62 | -96.16 | 0.0 | 49.19 | -9.63 | 0.0 | 63.27 | 132.92 | 0.0 | 36.73 | -87.34 | 0.0 | 10.25 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | 103.57 | 0.0 | 1.96 | -52.2 | 0.0 | -5.87 | -136.69 | 0.0 | 3.03 | 119.57 | 0.0 | 5.73 | 135.97 | 0.0 | 0.89 | 124.86 | 0.0 | 0.63 | 130.73 | 0.0 | 0.09 | -30.77 | 0.0 | 16.13 | 349.69 | 0.0 | 54.43 | -26.88 | 0.0 | -192.16 | -1290.74 | 0.0 | 290.20 | 244.95 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.28 | 12.5 | 0.0 | 4.10 | 5.67 | 0.0 | -2.48 | -7.36 | 0.0 | -15.48 | -0.39 | 0.0 | -15.93 | -9.56 | 0.0 | -3.58 | -4.37 | 0.0 | -2.05 | -3.02 | 0.0 | 0.13 | -7.14 | 0.0 | -6.46 | 11.87 | 0.0 | 74.44 | 24.98 | 0.0 | 16.14 | 7.33 | 0.0 | 84.13 | -0.99 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.32 | 0.0 | 0.0 | 3.88 | 0.0 | 0.0 | -2.31 | 0.0 | 0.0 | -15.42 | 0.0 | 0.0 | -14.54 | 0.0 | 0.0 | -3.43 | 0.0 | 0.0 | -1.99 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -7.33 | 0.0 | 0.0 | 59.56 | 0.0 | 0.0 | 15.04 | 0.0 | 0.0 | 84.96 | 0.0 | 0.0 | 8.21 | 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) | -0.28 | 0 | -0.75 | 0 | -7.24 | 0 | 7.53 | 38.23 | -4.39 | 0 | -3.87 | 0 | -2.62 | 0 | -1.33 | 0 | 0.43 | -30.65 | 4.82 | -58.05 | 59.96 | 5.75 | 164.80 | 2275.6 | -64.80 | 0 | 0.35 | -2.06 | 10.10 | 39.5 |
| 2022 (9) | 0.51 | -25.0 | 8.59 | -28.42 | 0.34 | -82.38 | 5.45 | -9.75 | 4.83 | -24.06 | 3.83 | -36.17 | 3.89 | -30.16 | 2.63 | -26.74 | 0.62 | 8.77 | 11.49 | -13.41 | 56.70 | -22.7 | 6.94 | -77.17 | 93.06 | 33.42 | 0.36 | 12.29 | 7.24 | -12.03 |
| 2021 (8) | 0.68 | 0 | 12.00 | 165.49 | 1.93 | 0 | 6.04 | -31.0 | 6.36 | 0 | 6.00 | 0 | 5.57 | 0 | 3.59 | 0 | 0.57 | 21.28 | 13.27 | 184.76 | 73.35 | 42.15 | 30.39 | -44.08 | 69.75 | 52.79 | 0.32 | -14.67 | 8.23 | -14.36 |
| 2020 (7) | -0.38 | 0 | 4.52 | -32.44 | -2.99 | 0 | 8.75 | 48.25 | -5.49 | 0 | -5.07 | 0 | -3.73 | 0 | -2.13 | 0 | 0.47 | -27.69 | 4.66 | -36.43 | 51.60 | -13.36 | 54.35 | -98.95 | 45.65 | 0 | 0.37 | 3.51 | 9.61 | 25.29 |
| 2019 (6) | 0.06 | -86.36 | 6.69 | -4.97 | 0.86 | -39.01 | 5.90 | 19.59 | 0.02 | -99.47 | -0.53 | 0 | -0.55 | 0 | 0.06 | -97.41 | 0.65 | -4.41 | 7.33 | -26.92 | 59.56 | -2.62 | 5200.00 | 13871.43 | -5050.00 | 0 | 0.36 | 2.5 | 7.67 | 4.64 |
| 2018 (5) | 0.44 | 0 | 7.04 | -4.22 | 1.41 | 54.95 | 4.94 | -9.08 | 3.79 | 0 | 2.87 | 0 | 3.08 | 0 | 2.32 | 5700.0 | 0.68 | 17.24 | 10.03 | 57.7 | 61.16 | 14.92 | 37.22 | 0 | 62.78 | -90.5 | 0.35 | -0.79 | 7.33 | -3.43 |
| 2017 (4) | -0.01 | 0 | 7.35 | 1.66 | 0.91 | -27.2 | 5.43 | -10.0 | -0.16 | 0 | -0.43 | 0 | -0.41 | 0 | 0.04 | -93.44 | 0.58 | 13.73 | 6.36 | -23.1 | 53.22 | -21.87 | -566.67 | 0 | 661.11 | 0 | 0.35 | 0 | 7.59 | -1.81 |
| 2016 (3) | 0.07 | -83.72 | 7.23 | -8.37 | 1.25 | -58.47 | 6.03 | 22.42 | 0.90 | -79.82 | 0.72 | -81.68 | 0.59 | -82.39 | 0.61 | -76.17 | 0.51 | -16.39 | 8.27 | -19.94 | 68.12 | 34.97 | 139.53 | 106.85 | -39.53 | 0 | 0.00 | 0 | 7.73 | 11.38 |
| 2015 (2) | 0.43 | 86.96 | 7.89 | 89.66 | 3.01 | 0 | 4.93 | 23.3 | 4.46 | 79.84 | 3.93 | 95.52 | 3.35 | 76.32 | 2.56 | 57.06 | 0.61 | -17.57 | 10.33 | 40.35 | 50.47 | 68.57 | 67.46 | 0 | 32.54 | -72.61 | 0.00 | 0 | 6.94 | 11.04 |
| 2014 (1) | 0.23 | -67.61 | 4.16 | 0 | -0.47 | 0 | 4.00 | 11.35 | 2.48 | 0 | 2.01 | 0 | 1.90 | 0 | 1.63 | 0 | 0.74 | -8.64 | 7.36 | -28.33 | 29.94 | 11.18 | -18.82 | 0 | 118.82 | 54.23 | 0.00 | 0 | 6.25 | 13.43 |
