- 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) | -0.16 | 63.64 | -33.33 | 32.91 | -6.37 | -3.6 | 20.62 | -5.72 | -13.54 | -4.56 | 71.1 | -77.43 | -4.98 | 69.16 | -77.86 | -1.07 | 62.85 | -50.7 | 0.36 | 28.57 | -35.71 | 0.02 | 0.0 | -33.33 | 20.98 | -6.67 | -9.76 | 761.26 | -0.44 | 14.65 | -450.00 | -229.46 | 52.63 | 550.00 | 132.47 | -48.11 | 2.18 | -30.57 | 11.79 |
| 24Q2 (19) | -0.44 | 4.35 | -133.59 | 35.15 | 10.4 | 10.12 | 21.87 | 20.56 | -8.22 | -15.78 | -5.48 | -217.15 | -16.15 | -5.21 | -221.34 | -2.88 | -0.35 | -135.87 | 0.28 | 21.74 | -83.63 | 0.02 | 0.0 | -75.0 | 22.48 | 25.87 | -7.38 | 764.66 | 8.34 | 12.35 | -136.59 | -12.48 | -176.98 | 236.59 | 6.85 | 405.59 | 3.14 | 1.95 | 237.63 |
| 24Q1 (18) | -0.46 | 9.8 | 26.98 | 31.84 | -6.79 | -21.29 | 18.14 | -30.82 | 11.84 | -14.96 | 4.16 | 68.06 | -15.35 | 24.05 | 67.32 | -2.87 | 6.21 | 27.16 | 0.23 | 21.05 | 475.0 | 0.02 | 0.0 | 100.0 | 17.86 | -24.74 | -6.25 | 705.81 | 3.87 | 9.39 | -121.43 | 27.53 | -258.21 | 221.43 | -17.24 | 65.37 | 3.08 | -6.95 | -63.85 |
| 23Q4 (17) | -0.51 | -325.0 | -282.14 | 34.16 | 0.06 | 4.59 | 26.22 | 9.94 | -44.38 | -15.61 | -507.39 | -205.9 | -20.21 | -621.79 | -203.85 | -3.06 | -330.99 | -275.86 | 0.19 | -66.07 | -75.32 | 0.02 | -33.33 | 100.0 | 23.73 | 2.06 | -62.75 | 679.51 | 2.34 | 11.64 | -167.57 | 82.36 | -152.36 | 267.57 | -74.76 | 221.62 | 3.31 | 69.74 | -54.72 |
| 23Q3 (16) | -0.12 | -109.16 | 60.0 | 34.14 | 6.95 | 16.24 | 23.85 | 0.08 | 69.99 | -2.57 | -119.08 | 87.65 | -2.80 | -121.04 | 86.64 | -0.71 | -108.84 | 61.62 | 0.56 | -67.25 | 300.0 | 0.03 | -62.5 | 50.0 | 23.25 | -4.2 | 19.85 | 664.00 | -2.44 | 35.53 | -950.00 | -635.45 | -1300.0 | 1060.00 | 1469.17 | 531.49 | 1.95 | 109.68 | -69.44 |
| 23Q2 (15) | 1.31 | 307.94 | 463.89 | 31.92 | -21.09 | 26.47 | 23.83 | 46.92 | 105.08 | 13.47 | 128.76 | 215.82 | 13.31 | 128.34 | 190.79 | 8.03 | 303.81 | 484.21 | 1.71 | 4175.0 | 2037.5 | 0.08 | 700.0 | 166.67 | 24.27 | 27.4 | 107.61 | 680.59 | 5.48 | 59.46 | 177.42 | 623.39 | 277.42 | -77.42 | -157.82 | -138.71 | 0.93 | -89.08 | -77.15 |
| 23Q1 (14) | -0.63 | -325.0 | -46.51 | 40.45 | 23.85 | 45.35 | 16.22 | -65.59 | 126.85 | -46.84 | -417.77 | -37.81 | -46.97 | -341.37 | -37.86 | -3.94 | -326.44 | -69.83 | 0.04 | -94.81 | 200.0 | 0.01 | 0.0 | -50.0 | 19.05 | -70.09 | 122.81 | 645.21 | 6.0 | 102.48 | -33.90 | -110.59 | -69.49 | 133.90 | 160.86 | 11.58 | 8.52 | 16.55 | 5.45 |
| 22Q4 (13) | 0.28 | 193.33 | -78.29 | 32.66 | 11.2 | 82.46 | 47.14 | 235.99 | -24.26 | 14.74 | 170.83 | -68.88 | 19.46 | 192.84 | -59.79 | 1.74 | 194.05 | -75.8 | 0.77 | 450.0 | -65.32 | 0.01 | -50.0 | -75.0 | 63.70 | 228.35 | -2.3 | 608.66 | 24.24 | 97.05 | 320.00 | 571.58 | 142.05 | -220.00 | -231.06 | -601.62 | 7.31 | 14.58 | 82.75 |
| 22Q3 (12) | -0.30 | 16.67 | -3100.0 | 29.37 | 16.36 | 86.36 | 14.03 | 20.74 | 132.28 | -20.81 | -78.93 | -3511.48 | -20.96 | -42.97 | -23388.89 | -1.85 | 11.48 | -4725.0 | 0.14 | 75.0 | -72.0 | 0.02 | -33.33 | -81.82 | 19.40 | 65.95 | 192.61 | 489.92 | 14.78 | 57.28 | -67.86 | 32.14 | -106.17 | 167.86 | -16.07 | 117.22 | 6.38 | 56.76 | 379.7 |
| 22Q2 (11) | -0.36 | 16.28 | -115.86 | 25.24 | -9.31 | -31.06 | 11.62 | 62.52 | -59.78 | -11.63 | 65.78 | -145.99 | -14.66 | 56.97 | -158.2 | -2.09 | 9.91 | -114.86 | 0.08 | 300.0 | -97.83 | 0.03 | 50.0 | -76.92 | 11.69 | 36.73 | -60.17 | 426.82 | 33.94 | 46.35 | -100.00 | -400.0 | -187.7 | 200.00 | 66.67 | 1526.67 | 4.07 | -49.63 | 242.02 |
| 22Q1 (10) | -0.43 | -133.33 | -133.59 | 27.83 | 55.47 | -17.61 | 7.15 | -88.51 | -72.38 | -33.99 | -171.75 | -253.8 | -34.07 | -170.39 | -254.58 | -2.32 | -132.27 | -126.1 | -0.04 | -101.8 | -101.94 | 0.02 | -50.0 | -75.0 | 8.55 | -86.89 | -67.92 | 318.66 | 3.16 | -13.52 | -20.00 | -115.13 | -117.02 | 120.00 | 482.7 | 785.71 | 8.08 | 102.0 | 359.09 |
| 21Q4 (9) | 1.29 | 12800.0 | 18.35 | 17.90 | 13.58 | 20.95 | 62.24 | 930.46 | 58.65 | 47.37 | 7665.57 | 47.25 | 48.40 | 53677.78 | 51.58 | 7.19 | 17875.0 | -13.06 | 2.22 | 344.0 | 21.31 | 0.04 | -63.64 | -20.0 | 65.20 | 883.41 | 56.88 | 308.89 | -0.83 | -26.63 | 132.20 | -87.98 | 8.07 | -31.36 | 96.78 | -40.42 | 4.00 | 200.75 | 73.16 |
| 21Q3 (8) | 0.01 | -99.56 | 107.69 | 15.76 | -56.95 | -18.26 | 6.04 | -79.09 | -21.76 | 0.61 | -97.59 | 108.21 | 0.09 | -99.64 | 101.15 | 0.04 | -99.72 | 104.0 | 0.50 | -86.41 | 400.0 | 0.11 | -15.38 | 450.0 | 6.63 | -77.41 | -37.04 | 311.49 | 6.8 | -33.31 | 1100.00 | 864.75 | 1108.33 | -975.00 | -6855.0 | -566.3 | 1.33 | 11.76 | -64.91 |
| 21Q2 (7) | 2.27 | 77.34 | 1518.75 | 36.61 | 8.38 | 88.03 | 28.89 | 11.59 | 501.88 | 25.29 | 14.43 | 334.38 | 25.19 | 14.29 | 326.53 | 14.06 | 58.16 | 1233.87 | 3.68 | 78.64 | 9100.0 | 0.13 | 62.5 | 550.0 | 29.35 | 10.13 | 257.49 | 291.65 | -20.85 | -19.43 | 114.02 | -2.96 | 366.04 | -14.02 | 19.89 | -109.35 | 1.19 | -32.39 | 0 |
| 21Q1 (6) | 1.28 | 17.43 | 1700.0 | 33.78 | 128.24 | 56.68 | 25.89 | -34.0 | 302.02 | 22.10 | -31.3 | 431.33 | 22.04 | -30.97 | 426.04 | 8.89 | 7.5 | 1557.38 | 2.06 | 12.57 | 2475.0 | 0.08 | 60.0 | 300.0 | 26.65 | -35.88 | 144.27 | 368.47 | -12.48 | 10.53 | 117.50 | -3.95 | 217.5 | -17.50 | 21.63 | -108.75 | 1.76 | -23.81 | 0 |
| 20Q4 (5) | 1.09 | 938.46 | 240.62 | 14.80 | -23.24 | -3.46 | 39.23 | 408.16 | 385.52 | 32.17 | 532.97 | 495.74 | 31.93 | 507.27 | 413.34 | 8.27 | 927.0 | 230.8 | 1.83 | 1730.0 | 120.48 | 0.05 | 150.0 | -44.44 | 41.56 | 294.68 | 330.23 | 421.02 | -9.86 | 31.98 | 122.33 | 212.14 | -16.3 | -22.33 | -110.68 | 55.34 | 2.31 | -39.05 | 34.3 |
| 20Q3 (4) | -0.13 | 18.75 | 0.0 | 19.28 | -0.98 | 0.0 | 7.72 | 60.83 | 0.0 | -7.43 | 31.14 | 0.0 | -7.84 | 29.5 | 0.0 | -1.00 | 19.35 | 0.0 | 0.10 | 150.0 | 0.0 | 0.02 | 0.0 | 0.0 | 10.53 | 28.26 | 0.0 | 467.07 | 29.04 | 0.0 | -109.09 | -154.55 | 0.0 | 209.09 | 39.39 | 0.0 | 3.79 | 0 | 0.0 |
| 20Q2 (3) | -0.16 | -100.0 | 0.0 | 19.47 | -9.69 | 0.0 | 4.80 | -25.47 | 0.0 | -10.79 | -61.77 | 0.0 | -11.12 | -64.5 | 0.0 | -1.24 | -103.28 | 0.0 | 0.04 | -50.0 | 0.0 | 0.02 | 0.0 | 0.0 | 8.21 | -24.75 | 0.0 | 361.97 | 8.58 | 0.0 | -42.86 | 57.14 | 0.0 | 150.00 | -25.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.08 | -125.0 | 0.0 | 21.56 | 40.64 | 0.0 | 6.44 | -20.3 | 0.0 | -6.67 | -223.52 | 0.0 | -6.76 | -208.68 | 0.0 | -0.61 | -124.4 | 0.0 | 0.08 | -90.36 | 0.0 | 0.02 | -77.78 | 0.0 | 10.91 | 12.94 | 0.0 | 333.37 | 4.5 | 0.0 | -100.00 | -168.42 | 0.0 | 200.00 | 500.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.32 | 0.0 | 0.0 | 15.33 | 0.0 | 0.0 | 8.08 | 0.0 | 0.0 | 5.40 | 0.0 | 0.0 | 6.22 | 0.0 | 0.0 | 2.50 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 9.66 | 0.0 | 0.0 | 319.01 | 0.0 | 0.0 | 146.15 | 0.0 | 0.0 | -50.00 | 0.0 | 0.0 | 1.72 | 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) | 0.05 | 0 | 33.40 | 18.23 | 23.60 | 23.62 | 0.89 | -63.38 | 1.10 | 0 | 0.30 | 0 | 0.33 | 0 | 2.59 | 153.92 | 0.15 | 114.29 | 23.56 | -2.44 | 679.51 | 11.64 | 2094.74 | 0 | -1994.74 | 0 | 0.00 | 0 | 2.07 | -65.79 |
| 2022 (9) | -0.81 | 0 | 28.25 | 2.39 | 19.09 | -22.81 | 2.43 | 310.34 | -12.08 | 0 | -12.23 | 0 | -4.62 | 0 | 1.02 | -87.42 | 0.07 | -79.41 | 24.15 | -5.52 | 608.66 | 97.05 | -157.33 | 0 | 256.00 | 0 | 0.00 | 0 | 6.05 | 264.46 |
| 2021 (8) | 4.85 | 564.38 | 27.59 | 56.23 | 24.73 | 17.37 | 0.59 | -73.49 | 19.33 | 97.85 | 19.23 | 102.42 | 29.99 | 452.3 | 8.11 | 254.15 | 0.34 | 183.33 | 25.56 | 7.04 | 308.89 | -26.63 | 127.79 | -40.76 | -28.01 | 0 | 0.00 | 0 | 1.66 | -55.97 |
| 2020 (7) | 0.73 | 170.37 | 17.66 | 16.18 | 21.07 | 190.22 | 2.23 | 32.59 | 9.77 | 308.79 | 9.50 | 295.83 | 5.43 | 152.56 | 2.29 | 56.85 | 0.12 | -42.86 | 23.88 | 145.17 | 421.02 | 31.98 | 215.71 | -28.1 | -115.71 | 0 | 0.00 | 0 | 3.77 | 17.81 |
| 2019 (6) | 0.27 | 107.69 | 15.20 | -30.75 | 7.26 | -61.03 | 1.69 | -50.07 | 2.39 | -47.7 | 2.40 | -7.69 | 2.15 | 102.83 | 1.46 | 7.35 | 0.21 | 110.0 | 9.74 | -56.03 | 319.01 | -3.92 | 300.00 | -25.0 | -200.00 | 0 | 0.00 | 0 | 3.20 | -62.66 |
| 2018 (5) | 0.13 | -68.29 | 21.95 | 45.94 | 18.63 | 186.18 | 3.38 | 26.14 | 4.57 | 11.74 | 2.60 | -31.76 | 1.06 | -68.26 | 1.36 | -33.33 | 0.10 | -54.55 | 22.15 | 65.55 | 332.02 | 12.1 | 400.00 | 148.48 | -304.55 | 0 | 0.00 | 0 | 8.57 | -30.38 |
| 2017 (4) | 0.41 | -18.0 | 15.04 | -17.72 | 6.51 | -35.86 | 2.68 | -25.38 | 4.09 | -30.8 | 3.81 | -21.12 | 3.34 | -21.41 | 2.04 | -5.12 | 0.22 | 4.76 | 13.38 | -15.21 | 296.18 | -2.51 | 160.98 | -5.69 | -58.54 | 0 | 0.00 | 0 | 12.31 | 2.93 |
| 2016 (3) | 0.50 | -59.68 | 18.28 | 28.37 | 10.15 | 534.38 | 3.59 | -40.2 | 5.91 | -71.16 | 4.83 | -76.35 | 4.25 | -62.05 | 2.15 | -42.51 | 0.21 | 61.54 | 15.78 | -57.4 | 303.81 | -3.53 | 170.69 | 2100.0 | -70.69 | 0 | 0.00 | 0 | 11.96 | -59.93 |
| 2015 (2) | 1.24 | 0 | 14.24 | 1067.21 | 1.60 | 0 | 6.00 | 94.67 | 20.49 | 0 | 20.42 | 0 | 11.20 | 0 | 3.74 | 0 | 0.13 | -43.48 | 37.04 | 0 | 314.94 | -7.24 | 7.76 | -9.32 | 92.24 | 0.87 | 0.00 | 0 | 29.85 | 33.56 |
| 2014 (1) | -5.33 | 0 | 1.22 | 0 | -10.55 | 0 | 3.08 | -28.21 | -123.45 | 0 | -123.20 | 0 | -129.93 | 0 | -27.26 | 0 | 0.23 | -11.54 | -113.20 | 0 | 339.51 | -8.91 | 8.56 | -98.48 | 91.44 | 0 | 0.00 | 0 | 22.35 | -3.71 |
