- 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) | -0.99 | -54.69 | -306.25 | 4.76 | 56.07 | -63.38 | -10.51 | 26.4 | -14914.29 | -14.83 | -55.61 | -256.27 | -13.98 | -51.63 | -350.99 | -3.74 | -74.77 | -330.86 | -1.73 | -78.35 | -280.21 | 0.13 | 8.33 | -13.33 | 2.00 | -77.01 | -91.8 | 101.45 | 4.53 | 7.83 | 70.63 | -53.12 | 6669.05 | 29.37 | 157.94 | -70.63 | 31.21 | -4.96 | 22.15 |
| 24Q2 (19) | -0.64 | -3300.0 | -404.76 | 3.05 | -58.5 | -76.04 | -14.28 | -10.19 | -927.34 | -9.53 | -376.23 | -299.79 | -9.22 | -623.86 | -383.69 | -2.14 | -748.48 | -343.18 | -0.97 | -403.12 | -259.02 | 0.12 | 20.0 | -14.29 | 8.70 | -66.65 | -58.17 | 97.05 | 12.5 | -6.54 | 150.68 | 139.55 | 610.01 | -50.68 | -110.44 | -139.13 | 32.84 | -3.81 | 32.85 |
| 24Q1 (18) | 0.02 | 103.77 | 101.8 | 7.35 | -22.39 | 327.33 | -12.96 | -93.43 | 14.74 | 3.45 | 123.7 | 118.88 | 1.76 | 124.55 | 111.88 | 0.33 | 118.64 | 109.22 | 0.32 | 142.67 | 119.51 | 0.10 | -23.08 | -16.67 | 26.09 | 927.17 | 23818.18 | 86.27 | -11.95 | -10.29 | -380.95 | -931.17 | -558.29 | 485.71 | 796.7 | 2778.31 | 34.14 | 21.8 | 26.35 |
| 23Q4 (17) | -0.53 | -210.42 | -341.67 | 9.47 | -27.15 | -54.65 | -6.70 | -9471.43 | -177.64 | -14.56 | -253.42 | -1697.53 | -7.17 | -228.73 | -1529.55 | -1.77 | -209.26 | -1375.0 | -0.75 | -178.12 | -781.82 | 0.13 | -13.33 | -7.14 | 2.54 | -89.59 | -82.94 | 97.98 | 4.15 | 1.79 | 45.83 | 4362.5 | 104.07 | 54.17 | -45.83 | -95.58 | 28.03 | 9.71 | 3.24 |
| 23Q3 (16) | 0.48 | 128.57 | -51.02 | 13.00 | 2.12 | -20.49 | -0.07 | 94.96 | -102.65 | 9.49 | 98.95 | -29.02 | 5.57 | 71.38 | -49.04 | 1.62 | 84.09 | -51.79 | 0.96 | 57.38 | -45.76 | 0.15 | 7.14 | 0.0 | 24.39 | 17.26 | -12.17 | 94.08 | -9.4 | -8.54 | -1.08 | 96.36 | -105.38 | 100.00 | -22.81 | 25.0 | 25.55 | 3.36 | -4.84 |
| 23Q2 (15) | 0.21 | 118.92 | -81.9 | 12.73 | 640.12 | -37.2 | -1.39 | 90.86 | -118.73 | 4.77 | 126.11 | -62.91 | 3.25 | 121.94 | -68.72 | 0.88 | 124.58 | -77.44 | 0.61 | 137.2 | -69.95 | 0.14 | 16.67 | -22.22 | 20.80 | 19009.09 | -15.79 | 103.84 | 7.98 | -6.95 | -29.55 | -135.54 | -151.11 | 129.55 | 667.68 | 207.0 | 24.72 | -8.51 | 5.78 |
| 23Q1 (14) | -1.11 | -825.0 | -191.74 | 1.72 | -91.76 | -91.4 | -15.20 | -276.13 | -252.0 | -18.27 | -2155.56 | -252.12 | -14.81 | -3265.91 | -248.1 | -3.58 | -2883.33 | -183.64 | -1.64 | -1590.91 | -176.28 | 0.12 | -14.29 | -40.0 | -0.11 | -100.74 | -100.49 | 96.17 | -0.09 | -7.38 | 83.12 | 107.39 | 0.42 | 16.88 | -98.62 | 1.25 | 27.02 | -0.48 | 37.58 |
| 22Q4 (13) | -0.12 | -112.24 | -110.81 | 20.88 | 27.71 | -2.79 | 8.63 | 226.89 | -18.58 | -0.81 | -106.06 | -107.11 | -0.44 | -104.03 | -104.42 | -0.12 | -103.57 | -102.72 | 0.11 | -93.79 | -94.84 | 0.14 | -6.67 | -30.0 | 14.89 | -46.38 | -33.47 | 96.26 | -6.43 | -18.5 | -1125.00 | -5725.0 | -1313.24 | 1225.00 | 1431.25 | 16743.75 | 27.15 | 1.12 | 31.73 |
| 22Q3 (12) | 0.98 | -15.52 | 42.03 | 16.35 | -19.34 | -21.85 | 2.64 | -64.42 | -65.85 | 13.37 | 3.97 | 87.25 | 10.93 | 5.2 | 62.17 | 3.36 | -13.85 | 32.28 | 1.77 | -12.81 | 34.09 | 0.15 | -16.67 | -16.67 | 27.77 | 12.43 | 36.26 | 102.87 | -7.82 | -16.28 | 20.00 | -65.4 | -81.49 | 80.00 | 89.59 | 1094.29 | 26.85 | 14.89 | 3.03 |
| 22Q2 (11) | 1.16 | -4.13 | 404.35 | 20.27 | 1.35 | -3.84 | 7.42 | -25.8 | 28.15 | 12.86 | 7.08 | 251.37 | 10.39 | 3.9 | 212.95 | 3.90 | -8.88 | 297.96 | 2.03 | -5.58 | 232.79 | 0.18 | -10.0 | 28.57 | 24.70 | 10.56 | 18.52 | 111.60 | 7.48 | 8.61 | 57.80 | -30.17 | -62.84 | 42.20 | 153.18 | 172.34 | 23.37 | 18.99 | -15.91 |
| 22Q1 (10) | 1.21 | 9.01 | 105.08 | 20.00 | -6.89 | -8.09 | 10.00 | -5.66 | 8.11 | 12.01 | 5.44 | 43.66 | 10.00 | 0.4 | 63.67 | 4.28 | -2.95 | 103.81 | 2.15 | 0.94 | 83.76 | 0.20 | 0.0 | 25.0 | 22.34 | -0.18 | -6.13 | 103.83 | -12.09 | -1.26 | 82.78 | -10.73 | -25.18 | 16.67 | 129.17 | 256.67 | 19.64 | -4.71 | -22.19 |
| 21Q4 (9) | 1.11 | 60.87 | 21.98 | 21.48 | 2.68 | 2.09 | 10.60 | 37.13 | -11.0 | 11.39 | 59.52 | 22.47 | 9.96 | 47.77 | 18.43 | 4.41 | 73.62 | 31.64 | 2.13 | 61.36 | 27.54 | 0.20 | 11.11 | 11.11 | 22.38 | 9.81 | 0.72 | 118.11 | -3.87 | 0.05 | 92.73 | -14.18 | -27.67 | 7.27 | 190.39 | 125.79 | 20.61 | -20.91 | -23.38 |
| 21Q3 (8) | 0.69 | 200.0 | -33.01 | 20.92 | -0.76 | -16.22 | 7.73 | 33.51 | -47.38 | 7.14 | 95.08 | -39.7 | 6.74 | 103.01 | -28.83 | 2.54 | 159.18 | -38.35 | 1.32 | 116.39 | -32.65 | 0.18 | 28.57 | 0.0 | 20.38 | -2.21 | -18.87 | 122.87 | 19.58 | -7.61 | 108.05 | -30.54 | -13.22 | -8.05 | 86.21 | 66.25 | 26.06 | -6.23 | 37.45 |
| 21Q2 (7) | 0.23 | -61.02 | -83.09 | 21.08 | -3.13 | -9.53 | 5.79 | -37.41 | -59.71 | 3.66 | -56.22 | -71.65 | 3.32 | -45.66 | -68.97 | 0.98 | -53.33 | -82.81 | 0.61 | -47.86 | -76.89 | 0.14 | -12.5 | -36.36 | 20.84 | -12.44 | -15.15 | 102.75 | -2.28 | -28.33 | 155.56 | 40.6 | 39.41 | -58.33 | -448.33 | -403.79 | 27.79 | 10.1 | 0 |
| 21Q1 (6) | 0.59 | -35.16 | 293.33 | 21.76 | 3.42 | 25.27 | 9.25 | -22.33 | 101.97 | 8.36 | -10.11 | 244.03 | 6.11 | -27.35 | 226.74 | 2.10 | -37.31 | 228.12 | 1.17 | -29.94 | 120.75 | 0.16 | -11.11 | 14.29 | 23.80 | 7.11 | 11.11 | 105.15 | -10.93 | -22.84 | 110.64 | -13.7 | -40.82 | -10.64 | 62.28 | 87.77 | 25.24 | -6.17 | 0 |
| 20Q4 (5) | 0.91 | -11.65 | 51.67 | 21.04 | -15.74 | -15.5 | 11.91 | -18.92 | 10.58 | 9.30 | -21.45 | 28.45 | 8.41 | -11.19 | 76.31 | 3.35 | -18.69 | 42.55 | 1.67 | -14.8 | 34.68 | 0.18 | 0.0 | -10.0 | 22.22 | -11.54 | 3.16 | 118.05 | -11.23 | -19.73 | 128.21 | 2.97 | -13.64 | -28.21 | -18.3 | 41.79 | 26.90 | 41.88 | 18.29 |
| 20Q3 (4) | 1.03 | -24.26 | 0.0 | 24.97 | 7.17 | 0.0 | 14.69 | 2.23 | 0.0 | 11.84 | -8.29 | 0.0 | 9.47 | -11.5 | 0.0 | 4.12 | -27.72 | 0.0 | 1.96 | -25.76 | 0.0 | 0.18 | -18.18 | 0.0 | 25.12 | 2.28 | 0.0 | 132.99 | -7.23 | 0.0 | 124.50 | 11.58 | 0.0 | -23.84 | -105.9 | 0.0 | 18.96 | 0 | 0.0 |
| 20Q2 (3) | 1.36 | 806.67 | 0.0 | 23.30 | 34.14 | 0.0 | 14.37 | 213.76 | 0.0 | 12.91 | 431.28 | 0.0 | 10.70 | 472.19 | 0.0 | 5.70 | 790.63 | 0.0 | 2.64 | 398.11 | 0.0 | 0.22 | 57.14 | 0.0 | 24.56 | 14.66 | 0.0 | 143.36 | 5.2 | 0.0 | 111.58 | -40.32 | 0.0 | -11.58 | 86.68 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | -75.0 | 0.0 | 17.37 | -30.24 | 0.0 | 4.58 | -57.47 | 0.0 | 2.43 | -66.44 | 0.0 | 1.87 | -60.8 | 0.0 | 0.64 | -72.77 | 0.0 | 0.53 | -57.26 | 0.0 | 0.14 | -30.0 | 0.0 | 21.42 | -0.56 | 0.0 | 136.27 | -7.34 | 0.0 | 186.96 | 25.94 | 0.0 | -86.96 | -79.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.60 | 0.0 | 0.0 | 24.90 | 0.0 | 0.0 | 10.77 | 0.0 | 0.0 | 7.24 | 0.0 | 0.0 | 4.77 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 1.24 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 21.54 | 0.0 | 0.0 | 147.06 | 0.0 | 0.0 | 148.45 | 0.0 | 0.0 | -48.45 | 0.0 | 0.0 | 22.74 | 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) | -0.95 | 0 | 9.39 | -51.7 | -5.60 | 0 | 12.82 | 25.01 | -3.97 | 0 | -2.89 | 0 | -3.00 | 0 | -0.88 | 0 | 0.53 | -23.19 | 12.51 | -44.74 | 97.98 | 1.79 | 141.26 | 89.11 | -41.26 | 0 | 0.05 | 67.47 | 26.26 | 10.24 |
| 2022 (9) | 3.23 | 23.28 | 19.44 | -8.82 | 7.37 | -13.9 | 10.25 | -3.53 | 9.88 | 23.35 | 8.14 | 18.49 | 11.59 | 16.6 | 6.20 | 21.57 | 0.69 | 4.55 | 22.64 | 3.47 | 96.26 | -18.5 | 74.70 | -30.23 | 25.30 | 0 | 0.03 | -49.36 | 23.82 | -3.05 |
| 2021 (8) | 2.62 | -23.39 | 21.32 | -3.27 | 8.56 | -28.55 | 10.63 | 3.77 | 8.01 | -17.76 | 6.87 | -15.6 | 9.94 | -26.15 | 5.10 | -24.56 | 0.66 | -8.33 | 21.88 | -6.97 | 118.11 | 0.05 | 107.07 | -13.01 | -6.81 | 0 | 0.05 | -22.65 | 24.57 | 15.73 |
| 2020 (7) | 3.42 | 238.61 | 22.04 | 10.59 | 11.98 | 104.79 | 10.24 | -7.48 | 9.74 | 156.99 | 8.14 | 216.73 | 13.46 | 222.01 | 6.76 | 138.87 | 0.72 | 5.88 | 23.52 | 19.51 | 118.05 | -19.73 | 123.08 | -20.17 | -23.08 | 0 | 0.07 | 59.03 | 21.23 | -2.93 |
| 2019 (6) | 1.01 | 188.57 | 19.93 | 4.62 | 5.85 | 0.69 | 11.07 | -1.08 | 3.79 | 36.33 | 2.57 | 103.97 | 4.18 | 138.86 | 2.83 | 58.1 | 0.68 | 15.25 | 19.68 | -3.05 | 147.06 | 11.81 | 154.17 | -26.27 | -54.17 | 0 | 0.04 | 40.42 | 21.87 | 11.13 |
| 2018 (5) | 0.35 | -86.59 | 19.05 | -15.56 | 5.81 | -53.03 | 11.19 | 50.53 | 2.78 | -73.45 | 1.26 | -83.72 | 1.75 | -86.0 | 1.79 | -71.36 | 0.59 | -14.49 | 20.30 | -18.54 | 131.53 | -7.36 | 209.09 | 77.07 | -109.09 | 0 | 0.03 | 0 | 19.68 | -11.35 |
| 2017 (4) | 2.61 | 34.54 | 22.56 | 27.75 | 12.37 | 59.2 | 7.43 | -4.71 | 10.47 | 61.82 | 7.74 | 21.32 | 12.50 | 37.97 | 6.25 | 29.13 | 0.69 | 13.11 | 24.92 | 7.14 | 141.98 | 12.69 | 118.09 | -1.68 | -18.09 | 0 | 0.00 | 0 | 22.20 | -29.75 |
| 2016 (3) | 1.94 | 0 | 17.66 | 9194.74 | 7.77 | 0 | 7.80 | -19.03 | 6.47 | 0 | 6.38 | 0 | 9.06 | 0 | 4.84 | 0 | 0.61 | 29.79 | 23.26 | 217.33 | 125.99 | -7.41 | 120.11 | 48.81 | -20.11 | 0 | 0.00 | 0 | 31.60 | -14.64 |
| 2015 (2) | -3.54 | 0 | 0.19 | -97.44 | -11.60 | 0 | 9.63 | 16.52 | -14.37 | 0 | -13.48 | 0 | -15.34 | 0 | -5.59 | 0 | 0.47 | -7.84 | 7.33 | -53.55 | 136.08 | -5.66 | 80.71 | 14.01 | 19.29 | -35.9 | 0.00 | 0 | 37.02 | 24.35 |
| 2014 (1) | -0.79 | 0 | 7.43 | 0 | -3.00 | 0 | 8.27 | 12.97 | -4.28 | 0 | -2.50 | 0 | -3.14 | 0 | -0.46 | 0 | 0.51 | -1.92 | 15.78 | -22.84 | 144.24 | -1.27 | 70.80 | 6.19 | 30.09 | -9.73 | 0.00 | 0 | 29.77 | 5.94 |
