- 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) | -0.15 | -50.0 | 0.0 | 4.58 | 50.66 | 298.27 | -11.96 | 20.69 | 48.14 | -6.88 | 0.72 | 25.7 | -4.89 | -13.46 | 29.34 | -0.74 | -27.59 | 5.13 | -0.60 | -25.0 | 3.23 | 0.12 | 9.09 | 33.33 | -0.52 | -360.0 | 0 | 23.66 | 1.76 | -3.63 | 172.50 | -21.59 | -29.98 | -72.50 | 39.58 | 51.27 | 24.91 | -9.48 | -17.24 |
| 24Q2 (19) | -0.10 | -400.0 | 44.44 | 3.04 | 202.01 | 721.62 | -15.08 | 38.37 | 24.34 | -6.93 | -13960.0 | -177.2 | -4.31 | -414.6 | 45.72 | -0.58 | -546.15 | 30.95 | -0.48 | -536.36 | 29.41 | 0.11 | 37.5 | 22.22 | 0.20 | -98.03 | -97.32 | 23.25 | 26.08 | -2.47 | 220.00 | 0 | -71.53 | -120.00 | 0 | 82.4 | 27.52 | -22.89 | -9.68 |
| 24Q1 (18) | -0.02 | 95.24 | -300.0 | -2.98 | 5.4 | -125.13 | -24.47 | 7.49 | -1117.41 | 0.05 | 100.16 | -94.05 | 1.37 | 105.76 | 82.67 | 0.13 | 105.1 | 18.18 | 0.11 | 105.24 | 22.22 | 0.08 | -11.11 | -33.33 | 10.16 | 148.36 | 29.1 | 18.44 | 1.04 | -19.09 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 35.69 | 17.44 | 45.85 |
| 23Q4 (17) | -0.42 | -180.0 | -333.33 | -3.15 | -36.36 | -119.01 | -26.45 | -14.7 | -465.33 | -30.56 | -230.02 | -887.63 | -23.77 | -243.5 | -657.98 | -2.55 | -226.92 | -357.58 | -2.10 | -238.71 | -391.67 | 0.09 | 0.0 | -47.06 | -21.01 | 0 | -345.73 | 18.25 | -25.66 | -39.63 | 86.61 | -64.84 | -53.55 | 13.39 | 109.0 | 115.48 | 30.39 | 0.96 | 91.37 |
| 23Q3 (16) | -0.15 | 16.67 | -114.15 | -2.31 | -724.32 | -110.92 | -23.06 | -15.7 | -267.1 | -9.26 | -270.4 | -149.2 | -6.92 | 12.85 | -146.1 | -0.78 | 7.14 | -113.4 | -0.62 | 8.82 | -115.54 | 0.09 | 0.0 | -66.67 | 0.00 | -100.0 | -100.0 | 24.55 | 2.98 | -44.32 | 246.34 | -68.12 | 236.13 | -148.78 | 78.18 | -656.97 | 30.10 | -1.21 | 110.05 |
| 23Q2 (15) | -0.18 | -1900.0 | -130.0 | 0.37 | -96.88 | -98.15 | -19.93 | -891.54 | -264.57 | -2.50 | -397.62 | -120.41 | -7.94 | -1158.67 | -190.33 | -0.84 | -863.64 | -127.91 | -0.68 | -855.56 | -132.85 | 0.09 | -25.0 | -62.5 | 7.46 | -5.21 | -52.06 | 23.84 | 4.61 | -50.6 | 772.73 | 421.97 | 677.44 | -681.82 | -300.53 | -56350.0 | 30.47 | 24.52 | 101.79 |
| 23Q1 (14) | 0.01 | -94.44 | -98.57 | 11.86 | -28.42 | -41.46 | -2.01 | -127.76 | -116.3 | 0.84 | -78.35 | -94.99 | 0.75 | -82.39 | -94.36 | 0.11 | -88.89 | -97.36 | 0.09 | -87.5 | -96.85 | 0.12 | -29.41 | -42.86 | 7.87 | -7.95 | -61.21 | 22.79 | -24.61 | -46.01 | -240.00 | -228.7 | -425.83 | 340.00 | 493.13 | 1190.74 | 24.47 | 54.09 | 46.09 |
| 22Q4 (13) | 0.18 | -83.02 | -67.27 | 16.57 | -21.65 | -9.99 | 7.24 | -47.54 | -2.16 | 3.88 | -79.38 | -67.01 | 4.26 | -71.62 | -57.49 | 0.99 | -82.99 | -74.02 | 0.72 | -81.95 | -71.88 | 0.17 | -37.04 | -34.62 | 8.55 | -60.6 | -42.35 | 30.23 | -31.44 | -38.73 | 186.49 | 154.46 | 196.6 | -86.49 | -423.77 | -332.96 | 15.88 | 10.82 | 3.93 |
| 22Q3 (12) | 1.06 | 76.67 | 112.0 | 21.15 | 5.75 | 12.26 | 13.80 | 13.96 | 32.06 | 18.82 | 53.63 | 65.23 | 15.01 | 70.76 | 66.96 | 5.82 | 93.36 | 90.2 | 3.99 | 92.75 | 92.75 | 0.27 | 12.5 | 17.39 | 21.70 | 39.46 | 45.64 | 44.09 | -8.64 | -9.37 | 73.29 | -26.27 | -19.89 | 26.71 | 2103.77 | 213.87 | 14.33 | -5.1 | -18.39 |
| 22Q2 (11) | 0.60 | -14.29 | 22.45 | 20.00 | -1.28 | 3.09 | 12.11 | -1.78 | 11.51 | 12.25 | -26.95 | 15.13 | 8.79 | -33.86 | 0.34 | 3.01 | -27.64 | 0.33 | 2.07 | -27.62 | 0.0 | 0.24 | 14.29 | 0.0 | 15.56 | -23.31 | 10.28 | 48.26 | 14.33 | 2.83 | 99.39 | 34.94 | -2.11 | 1.21 | -95.4 | 152.53 | 15.10 | -9.85 | -12.62 |
| 22Q1 (10) | 0.70 | 27.27 | 48.94 | 20.26 | 10.05 | 10.95 | 12.33 | 66.62 | 39.32 | 16.77 | 42.6 | 2.19 | 13.29 | 32.63 | -0.08 | 4.16 | 9.19 | 6.39 | 2.86 | 11.72 | 4.76 | 0.21 | -19.23 | 0.0 | 20.29 | 36.82 | -1.46 | 42.21 | -14.45 | -2.18 | 73.66 | 17.15 | 37.39 | 26.34 | -29.05 | -42.46 | 16.75 | 9.62 | -11.89 |
| 21Q4 (9) | 0.55 | 10.0 | -6.78 | 18.41 | -2.28 | -2.13 | 7.40 | -29.19 | -4.88 | 11.76 | 3.25 | -34.34 | 10.02 | 11.46 | -35.06 | 3.81 | 24.51 | -25.73 | 2.56 | 23.67 | -29.09 | 0.26 | 13.04 | 13.04 | 14.83 | -0.47 | -31.94 | 49.34 | 1.42 | 14.11 | 62.87 | -31.28 | 44.98 | 37.13 | 336.23 | -34.44 | 15.28 | -12.98 | -24.13 |
| 21Q3 (8) | 0.50 | 2.04 | 51.52 | 18.84 | -2.89 | 12.81 | 10.45 | -3.78 | 27.59 | 11.39 | 7.05 | 19.14 | 8.99 | 2.63 | 27.88 | 3.06 | 2.0 | 33.04 | 2.07 | 0.0 | 25.45 | 0.23 | -4.17 | 0.0 | 14.90 | 5.6 | 9.8 | 48.65 | 3.67 | 18.63 | 91.49 | -9.9 | 6.56 | 8.51 | 468.79 | -39.82 | 17.56 | 1.62 | 6.68 |
| 21Q2 (7) | 0.49 | 4.26 | 308.33 | 19.40 | 6.24 | 42.33 | 10.86 | 22.71 | 477.66 | 10.64 | -35.16 | 111.53 | 8.76 | -34.14 | 118.45 | 3.00 | -23.27 | 215.79 | 2.07 | -24.18 | 191.55 | 0.24 | 14.29 | 33.33 | 14.11 | -31.47 | 31.26 | 46.93 | 8.76 | 23.47 | 101.54 | 89.39 | 168.35 | -2.31 | -105.04 | -103.71 | 17.28 | -9.1 | 0 |
| 21Q1 (6) | 0.47 | -20.34 | 267.86 | 18.26 | -2.92 | 126.55 | 8.85 | 13.75 | 197.9 | 16.41 | -8.38 | 221.47 | 13.30 | -13.8 | 199.92 | 3.91 | -23.78 | 281.86 | 2.73 | -24.38 | 269.57 | 0.21 | -8.7 | 75.0 | 20.59 | -5.51 | 493.69 | 43.15 | -0.21 | 37.9 | 53.61 | 23.63 | -20.15 | 45.78 | -19.16 | 39.34 | 19.01 | -5.61 | -31.96 |
| 20Q4 (5) | 0.59 | 78.79 | 6000.0 | 18.81 | 12.63 | 58.47 | 7.78 | -5.01 | 460.19 | 17.91 | 87.34 | 3242.11 | 15.43 | 119.49 | 2304.29 | 5.13 | 123.04 | 3306.25 | 3.61 | 118.79 | 3108.33 | 0.23 | 0.0 | 35.29 | 21.79 | 60.57 | 343.79 | 43.24 | 5.44 | 18.47 | 43.37 | -49.49 | -89.16 | 56.63 | 300.47 | 118.88 | 20.14 | 22.36 | 0 |
| 20Q3 (4) | 0.33 | 175.0 | 0.0 | 16.70 | 22.52 | 0.0 | 8.19 | 335.64 | 0.0 | 9.56 | 90.06 | 0.0 | 7.03 | 75.31 | 0.0 | 2.30 | 142.11 | 0.0 | 1.65 | 132.39 | 0.0 | 0.23 | 27.78 | 0.0 | 13.57 | 26.23 | 0.0 | 41.01 | 7.89 | 0.0 | 85.86 | 126.91 | 0.0 | 14.14 | -77.25 | 0.0 | 16.46 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 142.86 | 0.0 | 13.63 | 69.11 | 0.0 | 1.88 | 120.8 | 0.0 | 5.03 | 137.23 | 0.0 | 4.01 | 130.13 | 0.0 | 0.95 | 144.19 | 0.0 | 0.71 | 144.1 | 0.0 | 0.18 | 50.0 | 0.0 | 10.75 | 305.54 | 0.0 | 38.01 | 21.48 | 0.0 | 37.84 | -43.65 | 0.0 | 62.16 | 89.19 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.28 | -2700.0 | 0.0 | 8.06 | -32.1 | 0.0 | -9.04 | -318.52 | 0.0 | -13.51 | -2270.18 | 0.0 | -13.31 | -1801.43 | 0.0 | -2.15 | -1243.75 | 0.0 | -1.61 | -1241.67 | 0.0 | 0.12 | -29.41 | 0.0 | -5.23 | -206.52 | 0.0 | 31.29 | -14.27 | 0.0 | 67.14 | -83.21 | 0.0 | 32.86 | 110.95 | 0.0 | 27.94 | 0 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 11.87 | 0.0 | 0.0 | -2.16 | 0.0 | 0.0 | -0.57 | 0.0 | 0.0 | -0.70 | 0.0 | 0.0 | -0.16 | 0.0 | 0.0 | -0.12 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 4.91 | 0.0 | 0.0 | 36.50 | 0.0 | 0.0 | 400.00 | 0.0 | 0.0 | -300.00 | 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) | -0.75 | 0 | 2.68 | -86.44 | -16.30 | 0 | 8.51 | 151.57 | -9.13 | 0 | -8.37 | 0 | -3.97 | 0 | -3.18 | 0 | 0.38 | -58.7 | -0.37 | 0 | 18.25 | -39.63 | 178.61 | 109.08 | -78.61 | 0 | 1.93 | 17.55 | 28.43 | 84.49 |
| 2022 (9) | 2.55 | 27.5 | 19.76 | 5.5 | 11.76 | 26.05 | 3.38 | -0.56 | 13.76 | 11.42 | 10.92 | 7.91 | 13.93 | 1.09 | 10.00 | 6.27 | 0.92 | -1.08 | 17.25 | 8.9 | 30.23 | -38.73 | 85.43 | 12.97 | 14.57 | -40.23 | 1.64 | 7.09 | 15.41 | -10.04 |
| 2021 (8) | 2.00 | 163.16 | 18.73 | 21.7 | 9.33 | 130.94 | 3.40 | -30.24 | 12.35 | 59.56 | 10.12 | 69.23 | 13.78 | 124.43 | 9.41 | 114.35 | 0.93 | 27.4 | 15.84 | 24.04 | 49.34 | 14.11 | 75.62 | 44.62 | 24.38 | -48.9 | 1.53 | -17.92 | 17.13 | -16.8 |
| 2020 (7) | 0.76 | 1166.67 | 15.39 | 39.91 | 4.04 | 0 | 4.88 | -12.44 | 7.74 | 800.0 | 5.98 | 1028.3 | 6.14 | 1153.06 | 4.39 | 1154.29 | 0.73 | 10.61 | 12.77 | 94.37 | 43.24 | 18.47 | 52.29 | 0 | 47.71 | -88.62 | 1.87 | -14.47 | 20.59 | -12.23 |
| 2019 (6) | 0.06 | -85.37 | 11.00 | 20.35 | -2.78 | 0 | 5.57 | 1.11 | 0.86 | -75.98 | 0.53 | -82.74 | 0.49 | -72.78 | 0.35 | -72.66 | 0.66 | 3.13 | 6.57 | -28.97 | 36.50 | -11.81 | -319.23 | 0 | 419.23 | 73.2 | 2.18 | 1.14 | 23.46 | -6.42 |
| 2018 (5) | 0.41 | 0 | 9.14 | -34.29 | -5.05 | 0 | 5.51 | -6.07 | 3.58 | 61.26 | 3.07 | 0 | 1.80 | -18.18 | 1.28 | -18.47 | 0.64 | 8.47 | 9.25 | 12.26 | 41.39 | 5.67 | -141.12 | 0 | 242.06 | 121.01 | 2.16 | 2.84 | 25.07 | 3.6 |
| 2017 (4) | -0.18 | 0 | 13.91 | -16.66 | -0.22 | 0 | 5.86 | -6.29 | 2.22 | -68.38 | -1.75 | 0 | 2.20 | -57.53 | 1.57 | -57.22 | 0.59 | 9.26 | 8.24 | -38.32 | 39.17 | -2.8 | -9.52 | 0 | 109.52 | 117.91 | 2.10 | 0 | 24.20 | -8.75 |
| 2016 (3) | 0.06 | -90.16 | 16.69 | 18.03 | 3.48 | 5.45 | 6.26 | 31.7 | 7.02 | 17.2 | 0.38 | -91.42 | 5.18 | 30.15 | 3.67 | 32.49 | 0.54 | -14.29 | 13.36 | 24.39 | 40.30 | -3.98 | 49.74 | -10.04 | 50.26 | 12.41 | 0.00 | 0 | 26.52 | 17.4 |
| 2015 (2) | 0.61 | -39.6 | 14.14 | -6.67 | 3.30 | -46.77 | 4.75 | 19.79 | 5.99 | -36.21 | 4.43 | -35.14 | 3.98 | -40.86 | 2.77 | -39.65 | 0.63 | -5.97 | 10.74 | -19.67 | 41.97 | -7.76 | 55.29 | -16.26 | 44.71 | 31.61 | 0.00 | 0 | 22.59 | 5.27 |
| 2014 (1) | 1.01 | -33.55 | 15.15 | 0 | 6.20 | 0 | 3.97 | 3.87 | 9.39 | 0 | 6.83 | 0 | 6.73 | 0 | 4.59 | 0 | 0.67 | -4.29 | 13.37 | -23.69 | 45.50 | -5.11 | 66.03 | 19.66 | 33.97 | -24.52 | 0.00 | 0 | 21.46 | 7.68 |
