- 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) | 0.06 | 200.0 | 135.29 | 6.21 | 21.29 | 20800.0 | 1.46 | 508.33 | 131.0 | 0.69 | 211.29 | 113.22 | 0.70 | 242.86 | 113.86 | 0.31 | 240.91 | 117.71 | 0.33 | 230.0 | 156.9 | 0.20 | 0.0 | 25.0 | 6.27 | 25.4 | 296.84 | 120.66 | -2.57 | -0.31 | 213.33 | 668.89 | 136.56 | -113.33 | -180.95 | -1254.32 | 3.21 | -2.73 | -17.9 |
| 24Q2 (19) | 0.02 | -33.33 | 122.22 | 5.12 | 16.63 | 135.94 | 0.24 | 151.06 | 108.89 | -0.62 | 66.3 | 83.24 | -0.49 | 50.0 | 87.99 | -0.22 | 37.14 | 84.51 | 0.10 | 100.0 | 125.64 | 0.20 | 25.0 | 33.33 | 5.00 | -0.79 | 50.6 | 123.84 | 2.03 | 4.47 | -37.50 | -248.44 | -151.23 | 140.00 | 87.32 | 422.31 | 3.30 | -11.53 | -7.56 |
| 24Q1 (18) | 0.03 | 118.75 | -95.83 | 4.39 | 153.76 | 67.56 | -0.47 | 85.03 | 81.2 | -1.84 | 62.37 | -118.44 | -0.98 | 79.37 | -110.3 | -0.35 | 78.53 | -110.29 | 0.05 | 109.43 | -96.99 | 0.16 | 6.67 | 6.67 | 5.04 | 144.66 | -70.61 | 121.38 | -6.21 | -10.37 | 25.26 | -60.68 | 200.47 | 74.74 | 109.1 | -40.28 | 3.73 | 1.63 | -8.13 |
| 23Q4 (17) | -0.16 | 5.88 | -125.0 | 1.73 | 5866.67 | 426.42 | -3.14 | 33.33 | 40.87 | -4.89 | 6.32 | -146.0 | -4.75 | 5.94 | -162.09 | -1.63 | 6.86 | -159.27 | -0.53 | 8.62 | -139.85 | 0.15 | -6.25 | 0.0 | 2.06 | 30.38 | -88.34 | 129.41 | 6.92 | -10.26 | 64.26 | -28.75 | 228.51 | 35.74 | 264.05 | -76.17 | 3.67 | -6.14 | 4.56 |
| 23Q3 (16) | -0.17 | -88.89 | 41.38 | -0.03 | -101.38 | 99.03 | -4.71 | -74.44 | 45.17 | -5.22 | -41.08 | 54.41 | -5.05 | -23.77 | 50.59 | -1.75 | -23.24 | 49.71 | -0.58 | -48.72 | 54.33 | 0.16 | 6.67 | 14.29 | 1.58 | -52.41 | 137.18 | 121.03 | 2.1 | -16.39 | 90.18 | 23.21 | 20.31 | 9.82 | -63.37 | -60.8 | 3.91 | 9.52 | 11.71 |
| 23Q2 (15) | -0.09 | -112.5 | 57.14 | 2.17 | -17.18 | 323.71 | -2.70 | -8.0 | 54.55 | -3.70 | -137.07 | 56.32 | -4.08 | -142.9 | 46.25 | -1.42 | -141.76 | 47.99 | -0.39 | -123.49 | 62.5 | 0.15 | 0.0 | -6.25 | 3.32 | -80.64 | 256.6 | 118.54 | -12.46 | -9.37 | 73.20 | 391.11 | 4.21 | 26.80 | -78.58 | -10.59 | 3.57 | -12.07 | 6.89 |
| 23Q1 (14) | 0.72 | 12.5 | 1000.0 | 2.62 | 594.34 | -4.03 | -2.50 | 52.92 | -19.62 | 9.98 | -6.11 | 325.28 | 9.51 | 24.31 | 338.94 | 3.40 | 23.64 | 308.59 | 1.66 | 24.81 | 367.74 | 0.15 | 0.0 | -21.05 | 17.15 | -2.94 | 2217.57 | 135.42 | -6.09 | 16.49 | -25.14 | 49.71 | -153.43 | 125.14 | -16.57 | 136.38 | 4.06 | 15.67 | 23.4 |
| 22Q4 (13) | 0.64 | 320.69 | 814.29 | -0.53 | 82.85 | -107.2 | -5.31 | 38.18 | -280.61 | 10.63 | 192.84 | 9763.64 | 7.65 | 174.85 | 5200.0 | 2.75 | 179.02 | 4683.33 | 1.33 | 204.72 | 1230.0 | 0.15 | 7.14 | -25.0 | 17.67 | 515.76 | 261.35 | 144.20 | -0.38 | 28.58 | -50.00 | -166.71 | 98.21 | 150.00 | 498.94 | -94.8 | 3.51 | 0.29 | 38.74 |
| 22Q3 (12) | -0.29 | -38.1 | -211.54 | -3.09 | -218.56 | -132.73 | -8.59 | -44.61 | -258.49 | -11.45 | -35.18 | -373.27 | -10.22 | -34.65 | -384.68 | -3.48 | -27.47 | -321.66 | -1.27 | -22.12 | -245.98 | 0.14 | -12.5 | -30.0 | -4.25 | -100.47 | -147.49 | 144.75 | 10.67 | 26.06 | 74.96 | 6.72 | -42.1 | 25.04 | -16.46 | 185.03 | 3.50 | 4.79 | 32.58 |
| 22Q2 (11) | -0.21 | -162.5 | -520.0 | -0.97 | -135.53 | -113.74 | -5.94 | -184.21 | -280.55 | -8.47 | -91.2 | -1560.34 | -7.59 | -90.7 | -1559.62 | -2.73 | -67.48 | -1237.5 | -1.04 | -67.74 | -500.0 | 0.16 | -15.79 | -23.81 | -2.12 | -386.49 | -140.3 | 130.79 | 12.51 | 14.91 | 70.24 | 49.25 | -87.66 | 29.98 | -43.37 | 106.39 | 3.34 | 1.52 | 36.89 |
| 22Q1 (10) | -0.08 | -214.29 | -112.5 | 2.73 | -62.91 | -79.82 | -2.09 | -171.09 | -122.57 | -4.43 | -3927.27 | -127.81 | -3.98 | -2553.33 | -128.8 | -1.63 | -2616.67 | -127.58 | -0.62 | -720.0 | -122.06 | 0.19 | -5.0 | 0.0 | 0.74 | -84.87 | -96.52 | 116.25 | 3.66 | -3.56 | 47.06 | 101.69 | -19.02 | 52.94 | -98.17 | 26.38 | 3.29 | 30.04 | 4.78 |
| 21Q4 (9) | 0.07 | -73.08 | 112.96 | 7.36 | -22.03 | 443.93 | 2.94 | -45.76 | 141.53 | -0.11 | -102.63 | 98.99 | -0.15 | -104.18 | 98.92 | -0.06 | -103.82 | 98.77 | 0.10 | -88.51 | 105.26 | 0.20 | 0.0 | 33.33 | 4.89 | -45.36 | 215.6 | 112.15 | -2.33 | -12.86 | -2785.71 | -2251.93 | -4389.7 | 2885.71 | 9898.01 | 8130.68 | 2.53 | -4.17 | 10.0 |
| 21Q3 (8) | 0.26 | 420.0 | 230.0 | 9.44 | 33.71 | 122.64 | 5.42 | 64.74 | 510.61 | 4.19 | 622.41 | 178.03 | 3.59 | 590.38 | 164.45 | 1.57 | 554.17 | 203.29 | 0.87 | 234.62 | 293.33 | 0.20 | -4.76 | 66.67 | 8.95 | 70.15 | 199.33 | 114.83 | 0.89 | -15.34 | 129.45 | -77.25 | 427.05 | -29.45 | 93.72 | -139.04 | 2.64 | 8.2 | -25.0 |
| 21Q2 (7) | 0.05 | -92.19 | 129.41 | 7.06 | -47.82 | -10.75 | 3.29 | -64.47 | 16.25 | 0.58 | -96.36 | 147.93 | 0.52 | -96.24 | 122.32 | 0.24 | -95.94 | 132.88 | 0.26 | -90.75 | 336.36 | 0.21 | 10.53 | 61.54 | 5.26 | -75.26 | -13.63 | 113.82 | -5.57 | -15.22 | 569.05 | 879.25 | 343.29 | -469.05 | -1219.73 | -240.48 | 2.44 | -22.29 | 0 |
| 21Q1 (6) | 0.64 | 218.52 | 306.45 | 13.53 | 732.24 | 802.0 | 9.26 | 230.79 | 346.93 | 15.93 | 246.28 | 255.72 | 13.82 | 199.35 | 256.16 | 5.91 | 221.6 | 352.56 | 2.81 | 247.89 | 438.55 | 0.19 | 26.67 | 58.33 | 21.26 | 602.6 | 1261.75 | 120.54 | -6.34 | -7.34 | 58.11 | -10.52 | 58.19 | 41.89 | 19.48 | -33.79 | 3.14 | 36.52 | -26.29 |
| 20Q4 (5) | -0.54 | -170.0 | -980.0 | -2.14 | -150.47 | 81.46 | -7.08 | -436.36 | 60.91 | -10.89 | -102.79 | 28.87 | -13.91 | -149.73 | -240.1 | -4.86 | -219.74 | -390.91 | -1.90 | -322.22 | -630.77 | 0.15 | 25.0 | 36.36 | -4.23 | -241.47 | 37.52 | 128.70 | -5.11 | 6.87 | 64.94 | 164.4 | -45.09 | 35.06 | -53.52 | 291.91 | 2.30 | -34.66 | -49.67 |
| 20Q3 (4) | -0.20 | -17.65 | 0.0 | 4.24 | -46.4 | 0.0 | -1.32 | -146.64 | 0.0 | -5.37 | -343.8 | 0.0 | -5.57 | -139.06 | 0.0 | -1.52 | -108.22 | 0.0 | -0.45 | -309.09 | 0.0 | 0.12 | -7.69 | 0.0 | 2.99 | -50.9 | 0.0 | 135.63 | 1.02 | 0.0 | 24.56 | 110.5 | 0.0 | 75.44 | -77.41 | 0.0 | 3.52 | 0 | 0.0 |
| 20Q2 (3) | -0.17 | 45.16 | 0.0 | 7.91 | 427.33 | 0.0 | 2.83 | 175.47 | 0.0 | -1.21 | 88.17 | 0.0 | -2.33 | 73.67 | 0.0 | -0.73 | 68.8 | 0.0 | -0.11 | 86.75 | 0.0 | 0.13 | 8.33 | 0.0 | 6.09 | 432.79 | 0.0 | 134.26 | 3.21 | 0.0 | -233.90 | -736.72 | 0.0 | 333.90 | 427.77 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.31 | -520.0 | 0.0 | 1.50 | 113.0 | 0.0 | -3.75 | 79.29 | 0.0 | -10.23 | 33.18 | 0.0 | -8.85 | -116.38 | 0.0 | -2.34 | -136.36 | 0.0 | -0.83 | -219.23 | 0.0 | 0.12 | 9.09 | 0.0 | -1.83 | 72.97 | 0.0 | 130.09 | 8.02 | 0.0 | 36.73 | -68.94 | 0.0 | 63.27 | 446.29 | 0.0 | 4.26 | -6.78 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | -11.54 | 0.0 | 0.0 | -18.11 | 0.0 | 0.0 | -15.31 | 0.0 | 0.0 | -4.09 | 0.0 | 0.0 | -0.99 | 0.0 | 0.0 | -0.26 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | -6.77 | 0.0 | 0.0 | 120.43 | 0.0 | 0.0 | 118.27 | 0.0 | 0.0 | -18.27 | 0.0 | 0.0 | 4.57 | 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) | 0.30 | 650.0 | 1.62 | 0 | -3.27 | 0 | 5.11 | 4.31 | -0.94 | 0 | -1.08 | 0 | -1.56 | 0 | 0.22 | 0 | 0.61 | -4.69 | 6.04 | 112.68 | 129.41 | -10.26 | 346.94 | 132.19 | -246.94 | 0 | 0.15 | 26.37 | 3.80 | 11.76 |
| 2022 (9) | 0.04 | -96.12 | -0.25 | 0 | -5.24 | 0 | 4.90 | 24.58 | -3.51 | 0 | -3.58 | 0 | -5.23 | 0 | -1.59 | 0 | 0.64 | -20.99 | 2.84 | -71.43 | 144.20 | 28.58 | 149.42 | 44.48 | -49.42 | 0 | 0.12 | -13.76 | 3.40 | 26.87 |
| 2021 (8) | 1.03 | 0 | 9.29 | 236.59 | 5.17 | 0 | 3.93 | -29.31 | 5.00 | 0 | 4.32 | 0 | 7.70 | 0 | 4.11 | 0 | 0.81 | 52.83 | 9.94 | 1453.12 | 112.15 | -12.86 | 103.42 | 196.42 | -3.42 | 0 | 0.14 | 49.83 | 2.68 | -17.28 |
| 2020 (7) | -1.22 | 0 | 2.76 | 0 | -2.43 | 0 | 5.56 | 16.28 | -6.97 | 0 | -7.84 | 0 | -9.30 | 0 | -3.32 | 0 | 0.53 | -13.11 | 0.64 | -81.23 | 128.70 | 6.87 | 34.89 | -76.95 | 65.11 | 0 | 0.09 | 67.54 | 3.24 | 1.25 |
| 2019 (6) | 0.04 | -98.01 | -0.10 | 0 | -4.52 | 0 | 4.78 | 44.29 | -2.99 | 0 | -1.14 | 0 | -1.45 | 0 | 0.06 | -99.19 | 0.61 | -31.46 | 3.41 | -76.35 | 120.43 | 25.68 | 151.35 | 45.89 | -51.35 | 0 | 0.05 | -14.14 | 3.20 | 30.61 |
| 2018 (5) | 2.01 | 0.0 | 13.39 | -12.88 | 10.27 | -15.19 | 3.32 | -5.98 | 9.90 | -6.34 | 7.43 | -10.37 | 13.09 | -7.49 | 7.41 | -1.85 | 0.89 | 9.88 | 14.42 | -6.06 | 95.82 | -5.02 | 103.74 | -9.44 | -3.74 | 0 | 0.06 | 0 | 2.45 | -5.41 |
| 2017 (4) | 2.01 | 0 | 15.37 | 214.31 | 12.11 | 1605.63 | 3.53 | -18.96 | 10.57 | 0 | 8.29 | 0 | 14.15 | 0 | 7.55 | 0 | 0.81 | 52.83 | 15.35 | 630.95 | 100.88 | -15.79 | 114.56 | 0 | -14.52 | 0 | 0.00 | 0 | 2.59 | -30.56 |
| 2016 (3) | -0.64 | 0 | 4.89 | -49.95 | 0.71 | -81.51 | 4.35 | 1.85 | -3.74 | 0 | -3.31 | 0 | -3.82 | 0 | -1.14 | 0 | 0.53 | 39.47 | 2.10 | -18.6 | 119.80 | 4.99 | -19.04 | 0 | 119.18 | -53.28 | 0.00 | 0 | 3.73 | -13.86 |
| 2015 (2) | -0.14 | 0 | 9.77 | 18.42 | 3.84 | 40.15 | 4.27 | 16.08 | -2.48 | 0 | -2.26 | 0 | -1.68 | 0 | -0.66 | 0 | 0.38 | -20.83 | 2.58 | -44.52 | 114.11 | 41.65 | -155.07 | 0 | 255.07 | 0 | 0.00 | 0 | 4.33 | 11.6 |
| 2014 (1) | 0.13 | -91.03 | 8.25 | 0 | 2.74 | 0 | 3.68 | 5.8 | 0.31 | 0 | 0.45 | 0 | 0.35 | 0 | 0.41 | 0 | 0.48 | -28.36 | 4.65 | -66.55 | 80.56 | 102.51 | 877.27 | 728.8 | -779.55 | 0 | 0.00 | 0 | 3.88 | 12.46 |
