- 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) | -0.60 | -15.38 | -1300.0 | 31.60 | 31.5 | 60.49 | -13.46 | 5.94 | -419.69 | -16.40 | -29.64 | -1123.88 | -17.18 | -26.23 | -763.32 | -3.84 | -14.29 | -418.92 | -0.95 | -20.25 | -3066.67 | 0.07 | -12.5 | -41.67 | -2.43 | -1720.0 | -139.13 | 228.07 | 2.95 | 10.54 | 82.11 | -27.5 | -57.43 | 17.89 | 235.02 | 119.27 | 35.16 | 11.2 | 88.53 |
| 24Q2 (19) | -0.52 | 27.78 | -20.93 | 24.03 | 51.9 | 49.72 | -14.31 | 15.92 | -79.55 | -12.65 | 22.77 | -126.7 | -13.61 | 20.64 | -138.77 | -3.36 | 27.27 | -52.04 | -0.79 | 35.25 | -33.9 | 0.08 | -11.11 | -38.46 | 0.15 | 103.05 | -83.52 | 221.54 | 0.47 | 8.64 | 113.25 | 9.6 | -20.21 | -13.25 | -218.07 | 68.4 | 31.62 | 18.25 | 74.89 |
| 24Q1 (18) | -0.72 | -60.0 | -50.0 | 15.82 | -34.38 | -9.13 | -17.02 | -226.05 | -99.06 | -16.38 | -194.08 | -85.93 | -17.15 | -175.28 | -98.73 | -4.62 | -122.12 | -68.61 | -1.22 | -165.22 | -45.24 | 0.09 | -18.18 | -18.18 | -4.92 | -263.46 | -278.46 | 220.51 | 6.22 | 17.44 | 103.33 | 9.66 | 5.95 | -4.17 | -172.22 | -268.75 | 26.74 | 27.03 | 26.07 |
| 23Q4 (17) | -0.45 | -1000.0 | -66.67 | 24.11 | 22.45 | 9.49 | -5.22 | -101.54 | 3.51 | -5.57 | -315.67 | 22.21 | -6.23 | -213.07 | -11.45 | -2.08 | -181.08 | -18.86 | -0.46 | -1433.33 | 8.0 | 0.11 | -8.33 | -8.33 | 3.01 | -51.53 | 1333.33 | 207.59 | 0.61 | 19.98 | 94.23 | -51.14 | 26.27 | 5.77 | 106.21 | -75.84 | 21.05 | 12.87 | 1.54 |
| 23Q3 (16) | 0.05 | 111.63 | -76.19 | 19.69 | 22.68 | -25.36 | -2.59 | 67.5 | -26.96 | -1.34 | 75.99 | -170.16 | -1.99 | 65.09 | -14.37 | -0.74 | 66.52 | -42.31 | -0.03 | 94.92 | 50.0 | 0.12 | -7.69 | 9.09 | 6.21 | 582.42 | -33.65 | 206.33 | 1.18 | 25.07 | 192.86 | 35.88 | 282.14 | -92.86 | -121.43 | -145.1 | 18.65 | 3.15 | -13.05 |
| 23Q2 (15) | -0.43 | 10.42 | -248.28 | 16.05 | -7.81 | -43.45 | -7.97 | 6.78 | -517.83 | -5.58 | 36.66 | -1238.78 | -5.70 | 33.95 | -700.0 | -2.21 | 19.34 | -984.0 | -0.59 | 29.76 | -368.18 | 0.13 | 18.18 | 30.0 | 0.91 | 170.0 | -89.38 | 203.92 | 8.6 | 25.22 | 141.94 | 45.53 | 156.77 | -41.94 | -1798.39 | -111.98 | 18.08 | -14.76 | -26.14 |
| 23Q1 (14) | -0.48 | -77.78 | -352.63 | 17.41 | -20.94 | -38.15 | -8.55 | -58.04 | -394.22 | -8.81 | -23.04 | -1593.22 | -8.63 | -54.38 | -1592.16 | -2.74 | -56.57 | -2007.69 | -0.84 | -68.0 | -1780.0 | 0.11 | -8.33 | 10.0 | -1.30 | -719.05 | -115.82 | 187.77 | 8.53 | 20.37 | 97.53 | 30.69 | 130.01 | 2.47 | -89.66 | -99.42 | 21.21 | 2.32 | -17.63 |
| 22Q4 (13) | -0.27 | -228.57 | -640.0 | 22.02 | -16.53 | -19.99 | -5.41 | -165.2 | -1287.18 | -7.16 | -474.87 | -880.82 | -5.59 | -221.26 | -288.19 | -1.75 | -236.54 | -280.43 | -0.50 | -733.33 | -525.0 | 0.12 | 9.09 | 0.0 | 0.21 | -97.76 | -95.95 | 173.02 | 4.88 | 3.34 | 74.63 | 170.48 | 30.6 | 23.88 | -88.4 | -44.28 | 20.73 | -3.36 | 0.48 |
| 22Q3 (12) | 0.21 | -27.59 | -54.35 | 26.38 | -7.05 | -11.06 | -2.04 | -58.14 | -173.65 | 1.91 | 289.8 | -66.96 | -1.74 | -283.16 | -144.05 | -0.52 | -308.0 | -150.0 | -0.06 | -127.27 | -112.0 | 0.11 | 10.0 | 10.0 | 9.36 | 9.22 | -23.96 | 164.97 | 1.3 | 5.63 | -105.88 | 57.65 | -322.35 | 205.88 | -41.18 | 293.05 | 21.45 | -12.38 | -14.34 |
| 22Q2 (11) | 0.29 | 52.63 | 3.57 | 28.38 | 0.82 | -5.37 | -1.29 | 25.43 | -219.44 | 0.49 | -16.95 | 304.17 | 0.95 | 286.27 | 90.0 | 0.25 | 292.31 | 92.31 | 0.22 | 340.0 | 46.67 | 0.10 | 0.0 | -9.09 | 8.57 | 4.26 | 28.49 | 162.85 | 4.39 | 9.17 | -250.00 | 23.08 | 37.5 | 350.00 | -17.65 | -22.22 | 24.48 | -4.93 | 0.08 |
| 22Q1 (10) | 0.19 | 280.0 | 137.5 | 28.15 | 2.29 | -17.18 | -1.73 | -343.59 | -303.53 | 0.59 | 180.82 | -13.24 | -0.51 | 64.58 | 52.34 | -0.13 | 71.74 | 43.48 | 0.05 | 162.5 | 600.0 | 0.10 | -16.67 | 11.11 | 8.22 | 58.38 | -11.14 | 156.00 | -6.83 | 11.46 | -325.00 | -668.75 | -360.0 | 425.00 | 891.67 | 1800.0 | 25.75 | 24.82 | -8.59 |
| 21Q4 (9) | 0.05 | -89.13 | -91.94 | 27.52 | -7.22 | 14.81 | -0.39 | -114.08 | -108.35 | -0.73 | -112.63 | -112.65 | -1.44 | -136.46 | -134.45 | -0.46 | -144.23 | -127.54 | -0.08 | -116.0 | -110.13 | 0.12 | 20.0 | -29.41 | 5.19 | -57.84 | -49.81 | 167.43 | 7.21 | 23.07 | 57.14 | 20.0 | -29.14 | 42.86 | -18.18 | 121.43 | 20.63 | -17.61 | 29.42 |
| 21Q3 (8) | 0.46 | 64.29 | 100.0 | 29.66 | -1.1 | -11.01 | 2.77 | 156.48 | -58.53 | 5.78 | 2508.33 | 59.67 | 3.95 | 690.0 | 1228.57 | 1.04 | 700.0 | 1255.56 | 0.50 | 233.33 | 614.29 | 0.10 | -9.09 | -9.09 | 12.31 | 84.56 | 10.6 | 156.17 | 4.69 | 16.9 | 47.62 | 111.9 | -74.12 | 52.38 | -88.36 | 162.36 | 25.04 | 2.37 | 14.23 |
| 21Q2 (7) | 0.28 | 250.0 | 411.11 | 29.99 | -11.77 | 6.99 | 1.08 | 27.06 | 119.49 | -0.24 | -135.29 | 94.77 | 0.50 | 146.73 | 107.26 | 0.13 | 156.52 | 110.0 | 0.15 | 1600.0 | 130.61 | 0.11 | 22.22 | 22.22 | 6.67 | -27.89 | 26.81 | 149.17 | 6.58 | 17.38 | -400.00 | -420.0 | -442.86 | 450.00 | 1900.0 | 2260.0 | 24.46 | -13.17 | 0 |
| 21Q1 (6) | 0.08 | -87.1 | -27.27 | 33.99 | 41.8 | 16.05 | 0.85 | -81.8 | 225.0 | 0.68 | -88.21 | 221.43 | -1.07 | -125.6 | 48.06 | -0.23 | -113.77 | 47.73 | -0.01 | -101.27 | 88.89 | 0.09 | -47.06 | -10.0 | 9.25 | -10.54 | 13.36 | 139.96 | 2.87 | 22.05 | 125.00 | 55.0 | -6.25 | -25.00 | -229.17 | 25.0 | 28.17 | 76.73 | 0 |
| 20Q4 (5) | 0.62 | 169.57 | 82.35 | 23.97 | -28.08 | -30.14 | 4.67 | -30.09 | 24.87 | 5.77 | 59.39 | 241.42 | 4.18 | 1294.29 | 422.5 | 1.67 | 1955.56 | 735.0 | 0.79 | 1028.57 | 295.0 | 0.17 | 54.55 | 54.55 | 10.34 | -7.1 | 11.06 | 136.05 | 1.84 | 13.93 | 80.65 | -56.17 | -64.52 | 19.35 | 123.04 | 115.21 | 15.94 | -27.28 | 0 |
| 20Q3 (4) | 0.23 | 355.56 | 0.0 | 33.33 | 18.91 | 0.0 | 6.68 | 220.58 | 0.0 | 3.62 | 178.87 | 0.0 | -0.35 | 94.92 | 0.0 | -0.09 | 93.08 | 0.0 | 0.07 | 114.29 | 0.0 | 0.11 | 22.22 | 0.0 | 11.13 | 111.6 | 0.0 | 133.59 | 5.12 | 0.0 | 184.00 | 57.71 | 0.0 | -84.00 | -303.2 | 0.0 | 21.92 | 0 | 0.0 |
| 20Q2 (3) | -0.09 | -181.82 | 0.0 | 28.03 | -4.3 | 0.0 | -5.54 | -714.71 | 0.0 | -4.59 | -719.64 | 0.0 | -6.89 | -234.47 | 0.0 | -1.30 | -195.45 | 0.0 | -0.49 | -444.44 | 0.0 | 0.09 | -10.0 | 0.0 | 5.26 | -35.54 | 0.0 | 127.08 | 10.82 | 0.0 | 116.67 | -12.5 | 0.0 | -20.83 | 37.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.11 | -67.65 | 0.0 | 29.29 | -14.63 | 0.0 | -0.68 | -118.18 | 0.0 | -0.56 | -133.14 | 0.0 | -2.06 | -357.5 | 0.0 | -0.44 | -320.0 | 0.0 | -0.09 | -145.0 | 0.0 | 0.10 | -9.09 | 0.0 | 8.16 | -12.35 | 0.0 | 114.67 | -3.98 | 0.0 | 133.33 | -41.33 | 0.0 | -33.33 | 73.81 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.34 | 0.0 | 0.0 | 34.31 | 0.0 | 0.0 | 3.74 | 0.0 | 0.0 | 1.69 | 0.0 | 0.0 | 0.80 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 9.31 | 0.0 | 0.0 | 119.42 | 0.0 | 0.0 | 227.27 | 0.0 | 0.0 | -127.27 | 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) | -1.31 | 0 | 19.19 | -26.28 | -6.06 | 0 | 4.65 | -6.4 | -5.22 | 0 | -5.53 | 0 | -7.80 | 0 | -1.95 | 0 | 0.49 | 13.95 | 2.27 | -64.48 | 207.59 | 19.98 | 116.27 | -48.18 | -16.27 | 0 | 3.69 | -12.13 | 19.64 | -14.31 |
| 2022 (9) | 0.42 | -52.27 | 26.03 | -12.97 | -2.73 | 0 | 4.96 | 8.63 | -1.23 | 0 | -1.91 | 0 | -2.20 | 0 | -0.30 | 0 | 0.43 | 4.88 | 6.39 | -21.6 | 173.02 | 3.34 | 224.39 | 194.03 | -124.39 | 0 | 4.20 | 5.91 | 22.92 | -4.98 |
| 2021 (8) | 0.88 | 2.33 | 29.91 | 6.63 | 0.99 | -55.61 | 4.57 | -5.12 | 1.29 | -38.57 | 0.44 | 0 | 0.46 | 0 | 0.54 | 74.19 | 0.41 | -10.87 | 8.15 | -11.22 | 167.43 | 23.07 | 76.32 | -28.45 | 23.68 | 0 | 3.97 | -18.03 | 24.12 | 13.19 |
| 2020 (7) | 0.86 | -58.05 | 28.05 | -16.17 | 2.23 | -62.07 | 4.82 | -2.13 | 2.10 | -65.52 | -0.17 | 0 | -0.18 | 0 | 0.31 | -88.35 | 0.46 | -9.8 | 9.18 | -30.98 | 136.05 | 13.93 | 106.67 | 10.55 | -6.67 | 0 | 4.84 | -14.42 | 21.31 | -7.23 |
| 2019 (6) | 2.05 | -24.35 | 33.46 | 2.45 | 5.88 | -24.03 | 4.92 | 63.31 | 6.09 | -43.4 | 4.32 | -40.41 | 4.51 | -46.82 | 2.66 | -43.64 | 0.51 | -16.39 | 13.30 | -13.3 | 119.42 | 29.76 | 96.49 | 33.97 | 3.51 | -87.46 | 5.65 | -16.3 | 22.97 | 6.1 |
| 2018 (5) | 2.71 | 135.65 | 32.66 | -13.69 | 7.74 | -36.92 | 3.01 | -7.47 | 10.76 | 43.09 | 7.25 | 59.34 | 8.48 | 68.59 | 4.72 | 60.0 | 0.61 | 3.39 | 15.34 | 30.22 | 92.03 | 1.94 | 72.03 | -55.84 | 27.97 | 0 | 6.75 | 0 | 21.65 | 1.07 |
| 2017 (4) | 1.15 | 35.29 | 37.84 | 1.1 | 12.27 | 25.98 | 3.26 | -7.69 | 7.52 | 5.62 | 4.55 | 26.04 | 5.03 | 35.95 | 2.95 | 26.07 | 0.59 | 7.27 | 11.78 | -1.09 | 90.28 | 6.34 | 163.10 | 19.27 | -63.10 | 0 | 0.00 | 0 | 21.42 | -2.55 |
| 2016 (3) | 0.85 | -50.58 | 37.43 | 2.94 | 9.74 | 6.92 | 3.53 | -1.45 | 7.12 | -28.59 | 3.61 | -45.47 | 3.70 | -48.32 | 2.34 | -43.07 | 0.55 | -1.79 | 11.91 | -20.44 | 84.90 | -6.33 | 136.75 | 49.57 | -36.75 | 0 | 0.00 | 0 | 21.98 | -0.09 |
| 2015 (2) | 1.72 | -28.63 | 36.36 | 0.75 | 9.11 | -21.19 | 3.58 | 20.41 | 9.97 | -15.44 | 6.62 | -22.84 | 7.16 | -32.9 | 4.11 | -29.62 | 0.56 | -12.5 | 14.97 | -6.38 | 90.64 | -4.42 | 91.43 | -6.78 | 8.57 | 347.14 | 0.00 | 0 | 22.00 | 5.72 |
| 2014 (1) | 2.41 | 14.22 | 36.09 | 0 | 11.56 | 0 | 2.97 | -17.45 | 11.79 | 0 | 8.58 | 0 | 10.67 | 0 | 5.84 | 0 | 0.64 | 4.92 | 15.99 | -10.32 | 94.83 | -2.17 | 98.08 | 34.58 | 1.92 | -92.93 | 0.00 | 0 | 20.81 | 2.26 |
