- 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) | -0.19 | -58.33 | -218.75 | 9.44 | 28.26 | 37.41 | 0.84 | 145.65 | -11.58 | -4.48 | -80.65 | -237.42 | -3.77 | -58.4 | -223.61 | -0.68 | -54.55 | -228.3 | -0.31 | -82.35 | -170.45 | 0.11 | -8.33 | 0.0 | -3.17 | -149.61 | -171.88 | 59.04 | -3.55 | 4.13 | -17.65 | -125.21 | -159.56 | 117.65 | 370.59 | 67.18 | 0.68 | 3.03 | 0.0 |
| 24Q2 (19) | -0.12 | -140.0 | -123.53 | 7.36 | 7.76 | -0.27 | -1.84 | -411.86 | -345.33 | -2.48 | -148.92 | -123.78 | -2.38 | -149.79 | -127.93 | -0.44 | -143.14 | -128.76 | -0.17 | -122.37 | -115.04 | 0.12 | -14.29 | 0.0 | -1.27 | -121.24 | -111.18 | 61.21 | 10.01 | 23.26 | 70.00 | 448.33 | 850.0 | 25.00 | -72.02 | -73.01 | 0.66 | -14.29 | 6.45 |
| 24Q1 (18) | 0.30 | 250.0 | 207.14 | 6.83 | -0.87 | -24.45 | 0.59 | -45.87 | 123.79 | 5.07 | 231.35 | 194.24 | 4.78 | 239.77 | 190.53 | 1.02 | 250.0 | 218.6 | 0.76 | 330.3 | 255.1 | 0.14 | 7.69 | 27.27 | 5.98 | 314.34 | 242.04 | 55.64 | -0.86 | 20.75 | 12.77 | 146.81 | -72.55 | 89.36 | -31.42 | 67.07 | 0.77 | -13.48 | 11.59 |
| 23Q4 (17) | -0.20 | -225.0 | 4.76 | 6.89 | 0.29 | -19.88 | 1.09 | 14.74 | 118.0 | -3.86 | -218.4 | -27.39 | -3.42 | -212.13 | -10.32 | -0.68 | -228.3 | -1.49 | -0.33 | -175.0 | 8.33 | 0.13 | 18.18 | -7.14 | -2.79 | -163.27 | -26.82 | 56.12 | -1.02 | 13.7 | -27.27 | -192.05 | -63.64 | 130.30 | 85.17 | 11.69 | 0.89 | 30.88 | 25.35 |
| 23Q3 (16) | 0.16 | -68.63 | -57.89 | 6.87 | -6.91 | -23.41 | 0.95 | 26.67 | 35.71 | 3.26 | -68.74 | -52.62 | 3.05 | -64.2 | -47.95 | 0.53 | -65.36 | -56.91 | 0.44 | -61.06 | -50.0 | 0.11 | -8.33 | -21.43 | 4.41 | -61.18 | -40.41 | 56.70 | 14.18 | 12.54 | 29.63 | 302.12 | 187.83 | 70.37 | -24.03 | -21.55 | 0.68 | 9.68 | 30.77 |
| 23Q2 (15) | 0.51 | 282.14 | -78.66 | 7.38 | -18.36 | -33.45 | 0.75 | 130.24 | 192.59 | 10.43 | 293.87 | -57.96 | 8.52 | 261.36 | -64.41 | 1.53 | 277.91 | -76.71 | 1.13 | 330.61 | -75.54 | 0.12 | 9.09 | -36.84 | 11.36 | 369.83 | -54.74 | 49.66 | 7.77 | 0.36 | 7.37 | -84.16 | 330.26 | 92.63 | 73.18 | -10.24 | 0.62 | -10.14 | 55.0 |
| 23Q1 (14) | -0.28 | -33.33 | -207.69 | 9.04 | 5.12 | -5.74 | -2.48 | -596.0 | -343.14 | -5.38 | -77.56 | -228.4 | -5.28 | -70.32 | -250.86 | -0.86 | -28.36 | -243.33 | -0.49 | -36.11 | -202.08 | 0.11 | -21.43 | -15.38 | -4.21 | -91.36 | -192.94 | 46.08 | -6.65 | 20.31 | 46.51 | 379.07 | 94.5 | 53.49 | -54.15 | -29.7 | 0.69 | -2.82 | 50.0 |
| 22Q4 (13) | -0.21 | -155.26 | -210.53 | 8.60 | -4.12 | -14.6 | 0.50 | -28.57 | -65.52 | -3.03 | -144.04 | -193.81 | -3.10 | -152.9 | -214.81 | -0.67 | -154.47 | -276.32 | -0.36 | -140.91 | -209.09 | 0.14 | 0.0 | 27.27 | -2.20 | -129.73 | -160.61 | 49.36 | -2.02 | 58.51 | -16.67 | -261.9 | -137.78 | 116.67 | 30.05 | 108.77 | 0.71 | 36.54 | 12.7 |
| 22Q3 (12) | 0.38 | -84.1 | 392.31 | 8.97 | -19.12 | -26.66 | 0.70 | 186.42 | 136.27 | 6.88 | -72.27 | 292.72 | 5.86 | -75.52 | 285.44 | 1.23 | -81.28 | 592.0 | 0.88 | -80.95 | 650.0 | 0.14 | -26.32 | 133.33 | 7.40 | -70.52 | 360.56 | 50.38 | 1.82 | 78.97 | 10.29 | 421.69 | -80.27 | 89.71 | -13.08 | 106.32 | 0.52 | 30.0 | -25.71 |
| 22Q2 (11) | 2.39 | 819.23 | 106.03 | 11.09 | 15.64 | -47.71 | -0.81 | -179.41 | 44.52 | 24.81 | 492.12 | -89.16 | 23.94 | 584.0 | -89.14 | 6.57 | 995.0 | 183.19 | 4.62 | 862.5 | 147.06 | 0.19 | 46.15 | 1800.0 | 25.10 | 454.08 | -89.26 | 49.48 | 29.19 | 95.26 | -3.20 | -113.38 | -485.6 | 103.20 | 35.63 | 2.64 | 0.40 | -13.04 | -93.4 |
| 22Q1 (10) | 0.26 | 36.84 | 0 | 9.59 | -4.77 | -66.48 | 1.02 | -29.66 | 1175.0 | 4.19 | 29.72 | 648.21 | 3.50 | 29.63 | 525.0 | 0.60 | 57.89 | 5900.0 | 0.48 | 45.45 | 860.0 | 0.13 | 18.18 | 1200.0 | 4.53 | 24.79 | -26.58 | 38.30 | 22.99 | 34.06 | 23.91 | -45.8 | 0 | 76.09 | 36.16 | 0 | 0.46 | -26.98 | -91.64 |
| 21Q4 (9) | 0.19 | 246.15 | 0 | 10.07 | -17.66 | -15.66 | 1.45 | 175.13 | 1215.38 | 3.23 | 190.48 | 1918.75 | 2.70 | 185.44 | 2900.0 | 0.38 | 252.0 | 0 | 0.33 | 306.25 | 560.0 | 0.11 | 83.33 | 266.67 | 3.63 | 227.82 | 108.62 | 31.14 | 10.62 | 0.1 | 44.12 | -15.44 | 0 | 55.88 | 28.53 | 0 | 0.63 | -10.0 | -79.28 |
| 21Q3 (8) | -0.13 | -111.21 | -285.71 | 12.23 | -42.34 | 9.39 | -1.93 | -32.19 | -287.38 | -3.57 | -101.56 | -212.26 | -3.16 | -101.43 | -199.37 | -0.25 | -110.78 | -196.15 | -0.16 | -108.56 | -172.73 | 0.06 | 500.0 | 20.0 | -2.84 | -101.21 | -166.51 | 28.15 | 11.09 | -33.23 | 52.17 | 9647.83 | 73.91 | 43.48 | -56.76 | -37.89 | 0.70 | -88.45 | -40.17 |
| 21Q2 (7) | 1.16 | 0 | 96.61 | 21.21 | -25.87 | 107.74 | -1.46 | -1925.0 | -212.31 | 228.88 | 40771.43 | 677.97 | 220.42 | 39260.71 | 663.23 | 2.32 | 23100.0 | -13.75 | 1.87 | 3640.0 | 6.25 | 0.01 | 0.0 | -83.33 | 233.75 | 3688.49 | 657.94 | 25.34 | -11.31 | -51.76 | -0.55 | 0 | -112.43 | 100.55 | 0 | 5.17 | 6.06 | 10.18 | 0 |
| 21Q1 (6) | 0.00 | 0 | 100.0 | 28.61 | 139.61 | 178.58 | 0.08 | 161.54 | -86.44 | 0.56 | 250.0 | 132.75 | 0.56 | 522.22 | 132.75 | 0.01 | 0 | 105.26 | 0.05 | 0.0 | 183.33 | 0.01 | -66.67 | -85.71 | 6.17 | 254.6 | 1264.15 | 28.57 | -8.16 | -56.54 | 0.00 | 0 | 100.0 | 0.00 | 0 | -100.0 | 5.50 | 80.92 | 366.1 |
| 20Q4 (5) | 0.00 | -100.0 | 100.0 | 11.94 | 6.8 | 23.35 | -0.13 | -112.62 | 97.82 | 0.16 | -94.97 | 102.14 | 0.09 | -97.17 | 101.86 | 0.00 | -100.0 | 100.0 | 0.05 | -77.27 | 121.74 | 0.03 | -40.0 | -50.0 | 1.74 | -59.25 | 128.86 | 31.11 | -26.21 | -34.39 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 3.04 | 159.83 | 72.73 |
| 20Q3 (4) | 0.07 | -88.14 | 0.0 | 11.18 | 9.5 | 0.0 | 1.03 | -20.77 | 0.0 | 3.18 | -89.19 | 0.0 | 3.18 | -88.99 | 0.0 | 0.26 | -90.33 | 0.0 | 0.22 | -87.5 | 0.0 | 0.05 | -16.67 | 0.0 | 4.27 | -86.15 | 0.0 | 42.16 | -19.74 | 0.0 | 30.00 | 582.5 | 0.0 | 70.00 | -26.78 | 0.0 | 1.17 | 0 | 0.0 |
| 20Q2 (3) | 0.59 | 1575.0 | 0.0 | 10.21 | -0.58 | 0.0 | 1.30 | 120.34 | 0.0 | 29.42 | 1820.47 | 0.0 | 28.88 | 1788.89 | 0.0 | 2.69 | 1515.79 | 0.0 | 1.76 | 3033.33 | 0.0 | 0.06 | -14.29 | 0.0 | 30.84 | 5918.87 | 0.0 | 52.53 | -20.09 | 0.0 | 4.40 | 113.19 | 0.0 | 95.60 | -36.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.04 | 63.64 | 0.0 | 10.27 | 6.1 | 0.0 | 0.59 | 109.9 | 0.0 | -1.71 | 77.17 | 0.0 | -1.71 | 64.6 | 0.0 | -0.19 | 57.78 | 0.0 | -0.06 | 73.91 | 0.0 | 0.07 | 16.67 | 0.0 | -0.53 | 91.21 | 0.0 | 65.74 | 38.63 | 0.0 | -33.33 | -141.27 | 0.0 | 150.00 | 680.0 | 0.0 | 1.18 | -32.95 | 0.0 |
| 19Q4 (1) | -0.11 | 0.0 | 0.0 | 9.68 | 0.0 | 0.0 | -5.96 | 0.0 | 0.0 | -7.49 | 0.0 | 0.0 | -4.83 | 0.0 | 0.0 | -0.45 | 0.0 | 0.0 | -0.23 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -6.03 | 0.0 | 0.0 | 47.42 | 0.0 | 0.0 | 80.77 | 0.0 | 0.0 | 19.23 | 0.0 | 0.0 | 1.76 | 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) | 0.20 | -92.93 | 7.53 | -22.61 | 0.12 | -50.0 | 0.03 | 35.58 | 1.31 | -86.86 | 0.89 | -90.41 | 0.65 | -91.06 | 0.82 | -84.95 | 0.48 | -14.29 | 2.36 | -77.39 | 56.12 | 13.7 | 8.89 | 270.1 | 91.11 | -6.65 | 0.00 | 0 | 0.72 | 41.18 |
| 2022 (9) | 2.83 | 131.97 | 9.73 | -19.65 | 0.24 | 140.0 | 0.02 | -59.93 | 9.97 | -5.41 | 9.28 | -7.29 | 7.27 | 160.57 | 5.45 | 139.04 | 0.56 | 166.67 | 10.44 | -9.22 | 49.36 | 58.51 | 2.40 | 132.97 | 97.60 | -1.39 | 0.00 | 0 | 0.51 | -53.64 |
| 2021 (8) | 1.22 | 96.77 | 12.11 | 12.13 | 0.10 | -86.67 | 0.05 | -32.45 | 10.54 | 38.14 | 10.01 | 33.64 | 2.79 | 54.14 | 2.28 | 52.0 | 0.21 | 16.67 | 11.50 | 28.92 | 31.14 | 0.1 | 1.03 | -89.12 | 98.97 | 9.33 | 0.00 | 0 | 1.10 | -29.49 |
| 2020 (7) | 0.62 | -22.5 | 10.80 | 73.63 | 0.75 | 0 | 0.08 | 2.25 | 7.63 | -26.28 | 7.49 | -21.41 | 1.81 | -43.44 | 1.50 | -36.17 | 0.18 | -18.18 | 8.92 | -24.28 | 31.11 | -34.39 | 9.47 | 0 | 90.53 | -18.71 | 0.00 | 0 | 1.56 | -6.59 |
| 2019 (6) | 0.80 | -75.98 | 6.22 | 166.95 | -1.20 | 0 | 0.08 | 0 | 10.35 | -60.97 | 9.53 | -62.41 | 3.20 | -57.16 | 2.35 | -61.16 | 0.22 | -4.35 | 11.78 | -56.63 | 47.42 | -15.98 | -11.36 | 0 | 111.36 | 14.86 | 0.00 | 0 | 1.67 | 28.46 |
| 2018 (5) | 3.33 | 20.22 | 2.33 | -52.45 | 0.81 | 22.73 | 0.00 | 0 | 26.52 | -2.61 | 25.35 | 12.77 | 7.47 | 29.69 | 6.05 | 24.74 | 0.23 | 9.52 | 27.16 | -1.34 | 56.44 | 287.64 | 3.05 | 25.46 | 96.95 | -0.84 | 0.00 | 0 | 1.30 | 4.0 |
| 2017 (4) | 2.77 | -57.77 | 4.90 | -56.64 | 0.66 | 200.0 | 0.00 | 0 | 27.23 | -66.43 | 22.48 | -69.36 | 5.76 | -80.01 | 4.85 | -76.24 | 0.21 | -22.22 | 27.53 | -66.62 | 14.56 | -55.46 | 2.43 | 788.26 | 97.77 | -1.96 | 0.00 | 0 | 1.25 | -25.6 |
| 2016 (3) | 6.56 | 1137.74 | 11.30 | -44.63 | 0.22 | 0 | 0.00 | 0 | 81.12 | 152.08 | 73.36 | 169.41 | 28.81 | 783.74 | 20.41 | 746.89 | 0.27 | 237.5 | 82.47 | 116.97 | 32.69 | -47.01 | 0.27 | 0 | 99.73 | -1.23 | 0.00 | 0 | 1.68 | -78.43 |
| 2015 (2) | 0.53 | -55.08 | 20.41 | 13.45 | -0.10 | 0 | 0.00 | 0 | 32.18 | -31.21 | 27.23 | -38.55 | 3.26 | -52.96 | 2.41 | -50.51 | 0.08 | -20.0 | 38.01 | -25.69 | 61.69 | 7.12 | 0.00 | 0 | 100.97 | 0.97 | 0.00 | 0 | 7.79 | 36.67 |
| 2014 (1) | 1.18 | 0 | 17.99 | 0 | -0.05 | 0 | 0.00 | 0 | 46.78 | 0 | 44.31 | 0 | 6.93 | 0 | 4.87 | 0 | 0.10 | -33.33 | 51.15 | 1513.56 | 57.59 | 16.44 | 0.00 | 0 | 100.00 | -20.0 | 0.00 | 0 | 5.70 | 31.94 |
