- 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) | -0.11 | -191.67 | 31.25 | 0.88 | -67.53 | 118.6 | -3.25 | -75.68 | 66.87 | -3.16 | -241.7 | 46.98 | -2.52 | -210.04 | 43.62 | -0.93 | -196.88 | 32.12 | -0.45 | -170.31 | 46.43 | 0.21 | -12.5 | 5.0 | 1.14 | -81.7 | 300.0 | 74.82 | -4.11 | 33.44 | 102.67 | 223.2 | -37.53 | -2.67 | -101.45 | 95.86 | 9.72 | 5.42 | -19.67 |
| 24Q2 (19) | 0.12 | -14.29 | 142.86 | 2.71 | -26.56 | 134.97 | -1.85 | -172.06 | 86.09 | 2.23 | -39.89 | 124.21 | 2.29 | -30.4 | 126.72 | 0.96 | -17.24 | 141.74 | 0.64 | -9.86 | 143.84 | 0.24 | 14.29 | 33.33 | 6.23 | -23.65 | 304.26 | 78.03 | 11.15 | 45.69 | -83.33 | -361.11 | -157.72 | 183.33 | 55.27 | 513.15 | 9.22 | -17.61 | -32.95 |
| 24Q1 (18) | 0.14 | 100.0 | 275.0 | 3.69 | 55.7 | 195.2 | -0.68 | 28.42 | 83.37 | 3.71 | 225.44 | 224.5 | 3.29 | 112.26 | 246.22 | 1.16 | 107.14 | 287.1 | 0.71 | 54.35 | 308.82 | 0.21 | -8.7 | 10.53 | 8.16 | 35.55 | 149.54 | 70.20 | 10.59 | 47.39 | -18.07 | 78.64 | -113.19 | 118.07 | -36.04 | 418.8 | 11.19 | 25.59 | -15.23 |
| 23Q4 (17) | 0.07 | 143.75 | 135.0 | 2.37 | 150.11 | 130.15 | -0.95 | 90.32 | 92.39 | 1.14 | 119.13 | 113.82 | 1.55 | 134.68 | 126.5 | 0.56 | 140.88 | 135.67 | 0.46 | 154.76 | 142.99 | 0.23 | 15.0 | 21.05 | 6.02 | 1156.14 | 381.31 | 63.48 | 13.22 | 61.28 | -84.62 | -151.49 | -156.03 | 184.62 | 386.9 | 461.85 | 8.91 | -26.36 | -24.94 |
| 23Q3 (16) | -0.16 | 42.86 | 61.9 | -4.73 | 38.97 | 10.75 | -9.81 | 26.24 | 7.1 | -5.96 | 35.29 | 50.46 | -4.47 | 47.84 | 57.18 | -1.37 | 40.43 | 58.48 | -0.84 | 42.47 | 61.99 | 0.20 | 11.11 | -4.76 | -0.57 | 81.31 | 91.99 | 56.07 | 4.69 | 24.02 | 164.35 | 13.83 | 87.52 | -64.35 | -45.01 | -620.82 | 12.10 | -12.0 | 5.13 |
| 23Q2 (15) | -0.28 | -250.0 | -366.67 | -7.75 | -720.0 | -194.51 | -13.30 | -225.18 | -472.55 | -9.21 | -209.06 | -7184.62 | -8.57 | -280.89 | -549.24 | -2.30 | -270.97 | -389.36 | -1.46 | -329.41 | -386.67 | 0.18 | -5.26 | -25.0 | -3.05 | -193.27 | -167.78 | 53.56 | 12.45 | 5.72 | 144.38 | 5.35 | -95.24 | -44.38 | -19.81 | 98.49 | 13.75 | 4.17 | 48.81 |
| 23Q1 (14) | -0.08 | 60.0 | -153.33 | 1.25 | 115.9 | -86.32 | -4.09 | 67.25 | -202.76 | -2.98 | 63.88 | -172.68 | -2.25 | 61.54 | -178.95 | -0.62 | 60.51 | -156.88 | -0.34 | 68.22 | -145.33 | 0.19 | 0.0 | -26.92 | 3.27 | 252.8 | -60.74 | 47.63 | 21.01 | 9.44 | 137.04 | -9.26 | 41.93 | -37.04 | 27.41 | -1532.1 | 13.20 | 11.2 | 42.24 |
| 22Q4 (13) | -0.20 | 52.38 | -233.33 | -7.86 | -48.3 | -230.35 | -12.49 | -18.28 | -1443.01 | -8.25 | 31.42 | -407.84 | -5.85 | 43.97 | -333.07 | -1.57 | 52.42 | -245.37 | -1.07 | 51.58 | -240.79 | 0.19 | -9.52 | -34.48 | -2.14 | 69.94 | -132.28 | 39.36 | -12.94 | -17.0 | 151.02 | 72.31 | 337.44 | -51.02 | -512.95 | -177.92 | 11.87 | 3.13 | 35.81 |
| 22Q3 (12) | -0.42 | -600.0 | -162.5 | -5.30 | -164.63 | -155.79 | -10.56 | -395.8 | -296.65 | -12.03 | -9353.85 | -575.84 | -10.44 | -690.91 | -276.9 | -3.30 | -602.13 | -194.64 | -2.21 | -636.67 | -194.67 | 0.21 | -12.5 | -25.0 | -7.12 | -258.22 | -443.96 | 45.21 | -10.76 | -6.73 | 87.64 | -97.11 | 129.03 | 12.36 | 100.42 | -96.94 | 11.51 | 24.57 | 43.52 |
| 22Q2 (11) | -0.06 | -140.0 | -105.88 | 8.20 | -10.28 | -44.97 | 3.57 | -10.3 | -62.81 | 0.13 | -96.83 | -99.38 | -1.32 | -146.32 | -106.68 | -0.47 | -143.12 | -106.25 | -0.30 | -140.0 | -105.55 | 0.24 | -7.69 | -11.11 | 4.50 | -45.98 | -82.56 | 50.66 | 16.41 | 19.28 | 3033.33 | 3041.67 | 6554.88 | -2933.33 | -113522.22 | -5507.45 | 9.24 | -0.43 | -10.64 |
| 22Q1 (10) | 0.15 | 0.0 | -79.17 | 9.14 | 51.58 | -36.62 | 3.98 | 327.96 | -51.76 | 4.10 | 52.99 | -75.6 | 2.85 | 13.55 | -82.36 | 1.09 | 0.93 | -80.81 | 0.75 | -1.32 | -82.1 | 0.26 | -10.34 | 0.0 | 8.33 | 25.64 | -63.35 | 43.52 | -8.22 | 15.53 | 96.55 | 179.67 | 96.57 | 2.59 | -96.05 | -94.92 | 9.28 | 6.18 | -18.09 |
| 21Q4 (9) | 0.15 | 193.75 | -70.0 | 6.03 | -36.53 | -47.52 | 0.93 | -82.68 | -86.81 | 2.68 | 250.56 | -79.37 | 2.51 | 190.61 | -80.08 | 1.08 | 196.43 | -75.62 | 0.76 | 201.33 | -76.9 | 0.29 | 3.57 | 11.54 | 6.63 | 220.29 | -66.43 | 47.42 | -2.17 | 28.89 | 34.52 | 111.44 | -36.53 | 65.48 | -83.78 | 43.56 | 8.74 | 8.98 | -7.61 |
| 21Q3 (8) | -0.16 | -115.69 | -328.57 | 9.50 | -36.24 | 269.65 | 5.37 | -44.06 | 356.94 | -1.78 | -108.47 | -181.65 | -2.77 | -114.01 | -234.47 | -1.12 | -114.89 | -280.65 | -0.75 | -113.86 | -256.25 | 0.28 | 3.7 | 21.74 | 2.07 | -91.98 | -79.2 | 48.47 | 14.13 | 35.73 | -301.89 | -762.31 | -216.61 | 403.77 | 644.34 | 106.69 | 8.02 | -22.44 | -27.42 |
| 21Q2 (7) | 1.02 | 41.67 | 464.29 | 14.90 | 3.33 | 178.96 | 9.60 | 16.36 | 138.83 | 21.02 | 25.12 | 266.03 | 19.77 | 22.34 | 253.02 | 7.52 | 32.39 | 405.69 | 5.41 | 29.12 | 405.65 | 0.27 | 3.85 | 92.86 | 25.80 | 13.51 | 6715.38 | 42.47 | 12.74 | 30.92 | 45.58 | -7.2 | -76.56 | 54.25 | 6.61 | 157.05 | 10.34 | -8.74 | 0 |
| 21Q1 (6) | 0.72 | 44.0 | 318.18 | 14.42 | 25.5 | 2020.59 | 8.25 | 17.02 | 316.54 | 16.80 | 29.33 | 270.73 | 16.16 | 28.25 | 271.73 | 5.68 | 28.22 | 298.6 | 4.19 | 27.36 | 302.42 | 0.26 | 0.0 | 18.18 | 22.73 | 15.09 | 1055.04 | 37.67 | 2.39 | -7.08 | 49.12 | -9.7 | 26.39 | 50.88 | 11.56 | -16.78 | 11.33 | 19.77 | -1.31 |
| 20Q4 (5) | 0.50 | 614.29 | 251.52 | 11.49 | 347.08 | 289.29 | 7.05 | 437.32 | 174.68 | 12.99 | 495.87 | 238.63 | 12.60 | 511.65 | 253.28 | 4.43 | 614.52 | 258.78 | 3.29 | 585.42 | 270.47 | 0.26 | 13.04 | 8.33 | 19.75 | 98.49 | 719.12 | 36.79 | 3.02 | 9.49 | 54.39 | 157.05 | -46.07 | 45.61 | -76.65 | 5390.54 | 9.46 | -14.39 | 0 |
| 20Q3 (4) | 0.07 | 125.0 | 0.0 | 2.57 | 113.62 | 0.0 | -2.09 | 91.55 | 0.0 | 2.18 | 117.22 | 0.0 | 2.06 | 115.94 | 0.0 | 0.62 | 125.2 | 0.0 | 0.48 | 127.12 | 0.0 | 0.23 | 64.29 | 0.0 | 9.95 | 2651.28 | 0.0 | 35.71 | 10.08 | 0.0 | -95.35 | -149.03 | 0.0 | 195.35 | 305.43 | 0.0 | 11.05 | 0 | 0.0 |
| 20Q2 (3) | -0.28 | 15.15 | 0.0 | -18.87 | -2875.0 | 0.0 | -24.72 | -548.82 | 0.0 | -12.66 | -28.66 | 0.0 | -12.92 | -37.3 | 0.0 | -2.46 | 13.99 | 0.0 | -1.77 | 14.49 | 0.0 | 0.14 | -36.36 | 0.0 | -0.39 | 83.61 | 0.0 | 32.44 | -19.98 | 0.0 | 194.48 | 400.43 | 0.0 | -95.09 | -255.54 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.33 | 0.0 | 0.0 | 0.68 | 111.2 | 0.0 | -3.81 | 59.64 | 0.0 | -9.84 | -5.02 | 0.0 | -9.41 | -14.48 | 0.0 | -2.86 | -2.51 | 0.0 | -2.07 | -7.25 | 0.0 | 0.22 | -8.33 | 0.0 | -2.38 | 25.39 | 0.0 | 40.54 | 20.65 | 0.0 | 38.86 | -61.47 | 0.0 | 61.14 | 7191.94 | 0.0 | 11.48 | 0 | 0.0 |
| 19Q4 (1) | -0.33 | 0.0 | 0.0 | -6.07 | 0.0 | 0.0 | -9.44 | 0.0 | 0.0 | -9.37 | 0.0 | 0.0 | -8.22 | 0.0 | 0.0 | -2.79 | 0.0 | 0.0 | -1.93 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | -3.19 | 0.0 | 0.0 | 33.60 | 0.0 | 0.0 | 100.86 | 0.0 | 0.0 | -0.86 | 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) | -0.45 | 0 | -1.93 | 0 | -6.65 | 0 | 4.66 | 7.36 | -3.90 | 0 | -3.10 | 0 | -3.72 | 0 | -2.16 | 0 | 0.79 | -15.05 | 1.71 | -0.58 | 63.48 | 61.28 | 170.53 | 99.07 | -70.53 | 0 | 0.04 | -10.92 | 11.79 | 14.69 |
| 2022 (9) | -0.53 | 0 | 2.30 | -78.88 | -2.64 | 0 | 4.34 | 5.25 | -3.07 | 0 | -3.03 | 0 | -4.05 | 0 | -2.75 | 0 | 0.93 | -18.42 | 1.72 | -87.25 | 39.36 | -17.0 | 85.66 | 32.73 | 14.34 | -59.68 | 0.04 | 134.72 | 10.28 | 8.44 |
| 2021 (8) | 1.73 | 0 | 10.89 | 890.0 | 5.78 | 0 | 4.13 | -45.94 | 8.95 | 0 | 8.20 | 0 | 13.30 | 0 | 9.49 | 0 | 1.14 | 37.35 | 13.49 | 75.19 | 47.42 | 28.89 | 64.54 | -91.93 | 35.56 | 0 | 0.02 | 65.67 | 9.48 | -18.56 |
| 2020 (7) | -0.07 | 0 | 1.10 | 0 | -3.64 | 0 | 7.63 | 64.06 | -0.45 | 0 | -0.52 | 0 | -0.58 | 0 | -0.33 | 0 | 0.83 | -25.89 | 7.70 | 248.42 | 36.79 | 9.49 | 800.00 | 502.27 | -700.00 | 0 | 0.01 | -64.08 | 11.64 | 42.65 |
| 2019 (6) | -0.49 | 0 | -0.13 | 0 | -3.73 | 0 | 4.65 | 34.44 | -2.80 | 0 | -2.56 | 0 | -4.09 | 0 | -2.77 | 0 | 1.12 | -16.42 | 2.21 | -49.43 | 33.60 | -33.65 | 132.83 | 0 | -32.83 | 0 | 0.03 | -10.66 | 8.16 | 27.7 |
| 2018 (5) | 0.15 | -74.58 | 3.01 | -46.15 | -0.16 | 0 | 3.46 | -13.03 | 0.68 | -75.09 | 0.57 | -76.35 | 1.17 | -75.16 | 0.79 | -77.1 | 1.34 | 5.51 | 4.37 | -40.05 | 50.64 | -9.76 | -24.07 | 0 | 124.07 | 476.66 | 0.03 | 0 | 6.39 | -6.85 |
| 2017 (4) | 0.59 | 73.53 | 5.59 | 6.48 | 2.14 | 39.87 | 3.98 | -25.62 | 2.73 | 40.0 | 2.41 | 50.62 | 4.71 | 70.04 | 3.45 | 78.76 | 1.27 | 11.4 | 7.29 | -4.95 | 56.12 | 9.18 | 78.48 | 0.57 | 21.52 | -2.03 | 0.00 | 0 | 6.86 | -8.78 |
| 2016 (3) | 0.34 | 54.55 | 5.25 | 101.92 | 1.53 | 0 | 5.35 | 13.94 | 1.95 | 105.26 | 1.60 | 81.82 | 2.77 | 56.5 | 1.93 | 63.56 | 1.14 | -8.8 | 7.67 | 29.34 | 51.40 | -3.8 | 78.04 | 0 | 21.96 | -85.63 | 0.00 | 0 | 7.52 | 23.48 |
| 2015 (2) | 0.22 | 144.44 | 2.60 | 13.54 | -0.50 | 0 | 4.70 | 23.32 | 0.95 | 102.13 | 0.88 | 175.0 | 1.77 | 132.89 | 1.18 | 90.32 | 1.25 | -10.07 | 5.93 | 28.35 | 53.43 | -20.19 | -52.82 | 0 | 152.82 | 15.28 | 0.00 | 0 | 6.09 | 24.8 |
| 2014 (1) | 0.09 | -85.0 | 2.29 | 0 | -0.16 | 0 | 3.81 | 8.91 | 0.47 | 0 | 0.32 | 0 | 0.76 | 0 | 0.62 | 0 | 1.39 | 5.3 | 4.62 | -27.01 | 66.95 | -19.34 | -32.56 | 0 | 132.56 | 123.31 | 0.00 | 0 | 4.88 | -0.2 |
