- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 1.75 | 308.33 | 17400.0 | 39.61 | 16.19 | 12.69 | 9.75 | 319.1 | 3.17 | 13.78 | 258.39 | 1130.36 | 12.46 | 242.89 | 1053.7 | 6.14 | 309.56 | 1058.49 | 2.88 | 366.67 | 638.46 | 0.22 | 46.67 | 4.76 | 18.00 | 814.29 | 271.9 | 124.65 | -4.33 | -8.74 | 70.86 | 37.73 | -91.42 | 29.14 | -39.98 | 103.99 | 10.55 | -47.56 | -10.29 |
| 24Q3 (19) | -0.84 | -20.0 | -594.12 | 34.09 | -0.53 | -4.62 | -4.45 | -42.17 | 27.05 | -8.70 | 3.97 | -405.81 | -8.72 | -13.99 | -3129.63 | -2.93 | -23.63 | -3155.56 | -1.08 | -25.58 | -1081.82 | 0.15 | 7.14 | 7.14 | -2.52 | 14.29 | -167.74 | 130.29 | -0.45 | -5.44 | 51.45 | 48.87 | -85.37 | 48.55 | -25.81 | 119.29 | 20.12 | 74.65 | 16.37 |
| 24Q2 (18) | -0.70 | -418.18 | -141.38 | 34.27 | 3.35 | 0.41 | -3.13 | 33.83 | 74.26 | -9.06 | -704.0 | -52.01 | -7.65 | -584.18 | -123.03 | -2.37 | -508.62 | -100.85 | -0.86 | -309.76 | -244.0 | 0.14 | -12.5 | 7.69 | -2.94 | -146.3 | -1188.89 | 130.88 | 2.37 | -17.68 | 34.56 | 110.83 | -83.1 | 65.44 | -84.53 | 162.63 | 11.52 | -43.03 | -12.4 |
| 24Q1 (17) | 0.22 | 2100.0 | 124.44 | 33.16 | -5.66 | 2.76 | -4.73 | -150.05 | -173.41 | 1.50 | 33.93 | 143.1 | 1.58 | 46.3 | 144.38 | 0.58 | 9.43 | 129.15 | 0.41 | 5.13 | 182.0 | 0.16 | -23.81 | -15.79 | 6.35 | 31.2 | 924.19 | 127.85 | -6.4 | -33.73 | -319.23 | -138.65 | -738.46 | 423.08 | 157.99 | 746.15 | 20.22 | 71.94 | 43.51 |
| 23Q4 (16) | 0.01 | -94.12 | 102.63 | 35.15 | -1.65 | 0.11 | 9.45 | 254.92 | 58.82 | 1.12 | 165.12 | 161.88 | 1.08 | 500.0 | 145.0 | 0.53 | 688.89 | 143.44 | 0.39 | 254.55 | 234.48 | 0.21 | 50.0 | 16.67 | 4.84 | 30.11 | 130.48 | 136.59 | -0.86 | -29.74 | 825.93 | 134.82 | 351.08 | -729.63 | -189.85 | -270.1 | 11.76 | -31.98 | -11.71 |
| 23Q3 (15) | 0.17 | 158.62 | -73.02 | 35.74 | 4.72 | 21.85 | -6.10 | 49.84 | 49.71 | -1.72 | 71.14 | -131.97 | -0.27 | 92.13 | -105.12 | -0.09 | 92.37 | -105.08 | 0.11 | 144.0 | -86.9 | 0.14 | 7.69 | 7.69 | 3.72 | 1277.78 | -67.76 | 137.78 | -13.34 | -14.45 | 351.72 | 72.0 | 257.02 | -251.72 | -140.9 | -177.69 | 17.29 | 31.48 | -2.92 |
| 23Q2 (14) | -0.29 | 67.78 | 42.0 | 34.13 | 5.76 | 41.5 | -12.16 | -602.89 | 28.55 | -5.96 | -71.26 | 5.25 | -3.43 | 3.65 | 35.65 | -1.18 | 40.7 | 33.71 | -0.25 | 50.0 | 51.92 | 0.13 | -31.58 | 8.33 | 0.27 | -56.45 | 280.0 | 158.99 | -17.59 | -2.02 | 204.49 | 308.99 | -24.29 | -104.49 | -308.99 | 38.57 | 13.15 | -6.67 | -28.22 |
| 23Q1 (13) | -0.90 | -136.84 | -157.14 | 32.27 | -8.09 | 19.61 | -1.73 | -129.08 | 63.11 | -3.48 | -92.27 | -154.01 | -3.56 | -48.33 | -83.51 | -1.99 | -63.11 | -93.2 | -0.50 | -72.41 | -108.33 | 0.19 | 5.56 | 0.0 | 0.62 | -70.48 | -75.0 | 192.93 | -0.76 | 11.56 | 50.00 | 115.2 | -85.38 | 50.00 | -88.34 | 120.67 | 14.09 | 5.78 | 19.31 |
| 22Q4 (12) | -0.38 | -160.32 | -445.45 | 35.11 | 19.71 | 4.0 | 5.95 | 149.05 | 110.25 | -1.81 | -133.64 | -552.5 | -2.40 | -145.54 | -340.0 | -1.22 | -168.93 | -300.0 | -0.29 | -134.52 | -182.86 | 0.18 | 38.46 | -18.18 | 2.10 | -81.8 | -43.4 | 194.41 | 20.71 | 8.93 | -328.95 | -46.85 | -147.61 | 428.95 | 32.39 | 171.49 | 13.32 | -25.21 | 16.33 |
| 22Q3 (11) | 0.63 | 226.0 | -27.59 | 29.33 | 21.6 | -12.89 | -12.13 | 28.73 | -258.36 | 5.38 | 185.53 | -12.23 | 5.27 | 198.87 | 19.23 | 1.77 | 199.44 | -27.76 | 0.84 | 261.54 | -16.83 | 0.13 | 8.33 | -35.0 | 11.54 | 7793.33 | 17.64 | 161.05 | -0.75 | -7.68 | -224.00 | -182.93 | -278.48 | 324.00 | 290.46 | 1404.76 | 17.81 | -2.78 | 87.28 |
| 22Q2 (10) | -0.50 | -42.86 | -225.0 | 24.12 | -10.6 | -29.12 | -17.02 | -262.9 | -353.27 | -6.29 | -359.12 | -416.08 | -5.33 | -174.74 | -462.59 | -1.78 | -72.82 | -287.37 | -0.52 | -116.67 | -223.81 | 0.12 | -36.84 | -45.45 | -0.15 | -106.05 | -102.91 | 162.26 | -6.18 | -10.08 | 270.11 | -21.0 | -20.13 | -170.11 | 29.69 | 28.58 | 18.32 | 55.12 | 101.54 |
| 22Q1 (9) | -0.35 | -418.18 | -116.67 | 26.98 | -20.08 | -25.16 | -4.69 | -265.72 | -153.54 | -1.37 | -442.5 | -115.78 | -1.94 | -294.0 | -127.75 | -1.03 | -268.85 | -117.52 | -0.24 | -168.57 | -111.27 | 0.19 | -13.64 | -34.48 | 2.48 | -33.15 | -77.29 | 172.94 | -3.1 | -15.86 | 341.94 | -50.51 | 238.88 | -241.94 | 59.68 | -26754.84 | 11.81 | 3.14 | 58.31 |
| 21Q4 (8) | 0.11 | -87.36 | -98.24 | 33.76 | 0.27 | -17.96 | 2.83 | -63.05 | -82.48 | 0.40 | -93.47 | -97.19 | 1.00 | -77.38 | -92.36 | 0.61 | -75.1 | -96.18 | 0.35 | -65.35 | -94.04 | 0.22 | 10.0 | -50.0 | 3.71 | -62.18 | -76.87 | 178.48 | 2.32 | 3.7 | 690.91 | 450.51 | 509.21 | -600.00 | -2316.22 | -4373.79 | 11.45 | 20.4 | 60.36 |
| 21Q3 (7) | 0.87 | 117.5 | -76.68 | 33.67 | -1.06 | -27.96 | 7.66 | 13.99 | -60.21 | 6.13 | 208.04 | -64.46 | 4.42 | 200.68 | -62.48 | 2.45 | 157.89 | -79.57 | 1.01 | 140.48 | -75.84 | 0.20 | -9.09 | -42.86 | 9.81 | 90.12 | -50.75 | 174.44 | -3.33 | -3.41 | 125.50 | -62.89 | 12.55 | -24.83 | 89.57 | -112.8 | 9.51 | 4.62 | 1.17 |
| 21Q2 (6) | 0.40 | -80.95 | -77.4 | 34.03 | -5.6 | -24.6 | 6.72 | -23.29 | -42.86 | 1.99 | -77.07 | -81.23 | 1.47 | -78.97 | -80.22 | 0.95 | -83.84 | -85.32 | 0.42 | -80.28 | -81.17 | 0.22 | -24.14 | -21.43 | 5.16 | -52.75 | -64.44 | 180.45 | -12.21 | -14.61 | 338.18 | 235.16 | 204.94 | -238.18 | -26338.18 | -2084.7 | 9.09 | 21.85 | 0 |
| 21Q1 (5) | 2.10 | -66.45 | 20900.0 | 36.05 | -12.39 | 28.57 | 8.76 | -45.76 | 12614.29 | 8.68 | -39.09 | 3238.46 | 6.99 | -46.6 | 2154.84 | 5.88 | -63.2 | 2700.0 | 2.13 | -63.71 | 826.09 | 0.29 | -34.09 | 38.1 | 10.92 | -31.92 | 93.62 | 205.54 | 19.42 | -0.12 | 100.90 | -11.03 | 503.6 | -0.90 | 93.28 | -100.72 | 7.46 | 4.48 | 0 |
| 20Q4 (4) | 6.26 | 67.83 | 0.0 | 41.15 | -11.96 | 0.0 | 16.15 | -16.1 | 0.0 | 14.25 | -17.39 | 0.0 | 13.09 | 11.12 | 0.0 | 15.98 | 33.28 | 0.0 | 5.87 | 40.43 | 0.0 | 0.44 | 25.71 | 0.0 | 16.04 | -19.48 | 0.0 | 172.12 | -4.69 | 0.0 | 113.41 | 1.71 | 0.0 | -13.41 | -14.93 | 0.0 | 7.14 | -24.04 | 0.0 |
| 20Q3 (3) | 3.73 | 110.73 | 0.0 | 46.74 | 3.57 | 0.0 | 19.25 | 63.69 | 0.0 | 17.25 | 62.74 | 0.0 | 11.78 | 58.55 | 0.0 | 11.99 | 85.32 | 0.0 | 4.18 | 87.44 | 0.0 | 0.35 | 25.0 | 0.0 | 19.92 | 37.28 | 0.0 | 180.59 | -14.55 | 0.0 | 111.51 | 0.55 | 0.0 | -11.67 | -7.04 | 0.0 | 9.40 | 0 | 0.0 |
| 20Q2 (2) | 1.77 | 17600.0 | 0.0 | 45.13 | 60.95 | 0.0 | 11.76 | 16900.0 | 0.0 | 10.60 | 3976.92 | 0.0 | 7.43 | 2296.77 | 0.0 | 6.47 | 2980.95 | 0.0 | 2.23 | 869.57 | 0.0 | 0.28 | 33.33 | 0.0 | 14.51 | 157.27 | 0.0 | 211.33 | 2.69 | 0.0 | 110.90 | 543.61 | 0.0 | -10.90 | -108.72 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (1) | 0.01 | 0.0 | 0.0 | 28.04 | 0.0 | 0.0 | -0.07 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 5.64 | 0.0 | 0.0 | 205.79 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 125.00 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 0.45 | 0 | 35.71 | 4.26 | 0.41 | 0 | 2.67 | 13.78 | 1.09 | 0 | 0.97 | 0 | 1.44 | 0 | 1.32 | 0 | 0.64 | -4.48 | 6.30 | 152.0 | 124.65 | -8.74 | 37.97 | -35.82 | 62.03 | 49.75 | 11.85 | 1.71 | 15.22 | 9.65 |
| 2023 (9) | -0.88 | 0 | 34.25 | 16.97 | -1.26 | 0 | 2.35 | -3.24 | -2.18 | 0 | -1.42 | 0 | -2.50 | 0 | -0.28 | 0 | 0.67 | 13.56 | 2.50 | -30.75 | 136.59 | -29.74 | 59.17 | -87.52 | 41.42 | 0 | 11.65 | 2.86 | 13.88 | -5.45 |
| 2022 (8) | -0.61 | 0 | 29.28 | -15.25 | -5.39 | 0 | 2.43 | 40.5 | -1.14 | 0 | -1.33 | 0 | -2.24 | 0 | -0.22 | 0 | 0.59 | -35.87 | 3.61 | -52.93 | 194.41 | 8.93 | 474.07 | 230.95 | -374.07 | 0 | 11.32 | 7.53 | 14.68 | 59.91 |
| 2021 (7) | 3.47 | -70.32 | 34.55 | -17.32 | 6.69 | -52.62 | 1.73 | 14.02 | 4.67 | -62.97 | 3.78 | -62.35 | 9.59 | -74.12 | 3.92 | -70.46 | 0.92 | -28.12 | 7.67 | -50.55 | 178.48 | 3.7 | 143.25 | 27.94 | -43.25 | 0 | 10.53 | 12.65 | 9.18 | 2.11 |
| 2020 (6) | 11.69 | 470.24 | 41.79 | 42.43 | 14.12 | 152.14 | 1.52 | -52.81 | 12.61 | 164.92 | 10.04 | 167.02 | 37.05 | 263.95 | 13.27 | 254.81 | 1.28 | 56.1 | 15.51 | 46.6 | 172.12 | -23.52 | 111.96 | -4.76 | -11.96 | 0 | 9.35 | 63.95 | 8.99 | -47.02 |
| 2019 (5) | 2.05 | 70.83 | 29.34 | 6.73 | 5.60 | 266.01 | 3.21 | 11.6 | 4.76 | 80.3 | 3.76 | 64.19 | 10.18 | 68.82 | 3.74 | 49.6 | 0.82 | 1.23 | 10.58 | 32.75 | 225.06 | -5.44 | 117.56 | 103.31 | -17.56 | 0 | 5.70 | -13.85 | 16.97 | -2.42 |
| 2018 (4) | 1.20 | 0 | 27.49 | -3.58 | 1.53 | 0 | 2.88 | 15.64 | 2.64 | 0 | 2.29 | 0 | 6.03 | 0 | 2.50 | 0 | 0.81 | 9.46 | 7.97 | 0 | 238.00 | 13.79 | 57.82 | 384.27 | 42.18 | -52.1 | 6.62 | 50.97 | 17.39 | 8.21 |
| 2017 (3) | -1.62 | 0 | 28.51 | -3.78 | -0.54 | 0 | 2.49 | 41.74 | -4.51 | 0 | -3.72 | 0 | -7.58 | 0 | -2.35 | 0 | 0.74 | -23.71 | -0.27 | 0 | 209.15 | 49.23 | 11.94 | -88.23 | 88.06 | 0 | 4.38 | 0 | 16.07 | 19.21 |
| 2016 (2) | 3.54 | 13.1 | 29.63 | 17.07 | 8.65 | 61.08 | 1.76 | 12.4 | 8.53 | 13.73 | 6.38 | 10.96 | 15.92 | -14.55 | 6.61 | 1.07 | 0.97 | -7.62 | 11.79 | 10.5 | 140.15 | -24.31 | 101.49 | 41.74 | -1.49 | 0 | 0.00 | 0 | 13.48 | -3.71 |
| 2015 (1) | 3.13 | -22.14 | 25.31 | 0 | 5.37 | 0 | 1.56 | 9.49 | 7.50 | 0 | 5.75 | 0 | 18.63 | 0 | 6.54 | 0 | 1.05 | -15.32 | 10.67 | 5.02 | 185.16 | -23.22 | 71.60 | -11.58 | 28.40 | 51.61 | 0.00 | 0 | 14.00 | 6.87 |
