- 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) | -0.42 | -121.05 | -425.0 | -10.70 | -311.54 | -454.4 | -12.44 | -205.65 | -283.95 | -11.89 | -204.09 | -575.57 | -9.08 | -177.68 | -682.76 | -4.05 | -136.84 | -504.48 | -1.74 | -155.88 | -770.0 | 0.21 | -16.0 | -25.0 | -8.56 | -584.8 | -1437.5 | 118.51 | 6.48 | 5.5 | 104.64 | 0.54 | -43.2 | -4.64 | -13.92 | 94.49 | 4.33 | 26.61 | 60.97 |
| 24Q2 (19) | -0.19 | -575.0 | -26.67 | -2.60 | -230.0 | -120.34 | -4.07 | -826.79 | -57.75 | -3.91 | -692.42 | -53.94 | -3.27 | -595.45 | -48.64 | -1.71 | -562.16 | -36.8 | -0.68 | -326.67 | -36.0 | 0.25 | -10.71 | -13.79 | -1.25 | -141.67 | -346.43 | 111.30 | 0.54 | 8.41 | 104.08 | 22.44 | 2.42 | -4.08 | -127.17 | -151.65 | 3.42 | -3.12 | 5.56 |
| 24Q1 (18) | 0.04 | -33.33 | -85.71 | 2.00 | -1.48 | -69.42 | 0.56 | -8.2 | -88.66 | 0.66 | -34.0 | -87.01 | 0.66 | -31.96 | -84.1 | 0.37 | -32.73 | -83.7 | 0.30 | -21.05 | -75.61 | 0.28 | 3.7 | 3.7 | 3.00 | -13.04 | -60.05 | 110.70 | 7.56 | 17.69 | 85.00 | 38.12 | -12.65 | 15.00 | -61.0 | 458.46 | 3.53 | 11.01 | -10.86 |
| 23Q4 (17) | 0.06 | 175.0 | 108.22 | 2.03 | 205.18 | 118.56 | 0.61 | 118.83 | 104.78 | 1.00 | 156.82 | 107.43 | 0.97 | 183.62 | 107.59 | 0.55 | 182.09 | 109.09 | 0.38 | 290.0 | 114.39 | 0.27 | -3.57 | 22.73 | 3.45 | 439.06 | 132.46 | 102.92 | -8.38 | -10.87 | 61.54 | -66.6 | -35.16 | 38.46 | 145.66 | 656.18 | 3.18 | 18.22 | -1.55 |
| 23Q3 (16) | -0.08 | 46.67 | 89.74 | -1.93 | -63.56 | 92.13 | -3.24 | -25.58 | 87.59 | -1.76 | 30.71 | 90.97 | -1.16 | 47.27 | 91.88 | -0.67 | 46.4 | 89.19 | -0.20 | 60.0 | 93.01 | 0.28 | -3.45 | 33.33 | 0.64 | 328.57 | 103.8 | 112.33 | 9.41 | -8.76 | 184.24 | 81.31 | 37.58 | -84.24 | -5101.97 | -148.36 | 2.69 | -16.98 | 12.55 |
| 23Q2 (15) | -0.15 | -153.57 | -131.91 | -1.18 | -118.04 | -117.59 | -2.58 | -152.23 | -146.49 | -2.54 | -150.0 | -142.98 | -2.20 | -153.01 | -151.89 | -1.25 | -155.07 | -139.06 | -0.50 | -140.65 | -127.17 | 0.29 | 7.41 | -30.95 | -0.28 | -103.73 | -103.88 | 102.67 | 9.15 | 3.24 | 101.62 | 4.42 | 8.13 | -1.62 | -160.29 | -126.91 | 3.24 | -18.18 | 15.71 |
| 23Q1 (14) | 0.28 | 138.36 | -20.0 | 6.54 | 159.78 | 30.02 | 4.94 | 138.68 | 35.71 | 5.08 | 137.74 | 24.82 | 4.15 | 132.47 | 2.72 | 2.27 | 137.52 | 4.61 | 1.23 | 146.59 | -9.56 | 0.27 | 22.73 | -18.18 | 7.51 | 170.65 | 32.69 | 94.06 | -18.54 | 54.37 | 97.31 | 2.53 | 8.72 | 2.69 | -47.19 | -74.41 | 3.96 | 22.6 | 21.47 |
| 22Q4 (13) | -0.73 | 6.41 | -215.87 | -10.94 | 55.37 | -201.86 | -12.77 | 51.09 | -256.5 | -13.46 | 30.94 | -260.43 | -12.78 | 10.57 | -295.71 | -6.05 | 2.42 | -248.65 | -2.64 | 7.69 | -203.94 | 0.22 | 4.76 | -43.59 | -10.63 | 36.8 | -208.47 | 115.47 | -6.21 | 74.64 | 94.91 | -29.13 | -2.41 | 5.09 | 115.0 | 85.17 | 3.23 | 35.15 | -19.85 |
| 22Q3 (12) | -0.78 | -265.96 | -176.47 | -24.51 | -465.28 | -292.39 | -26.11 | -570.45 | -328.23 | -19.49 | -429.78 | -263.64 | -14.29 | -437.03 | -252.67 | -6.20 | -293.75 | -190.78 | -2.86 | -255.43 | -164.27 | 0.21 | -50.0 | -55.32 | -16.82 | -333.29 | -227.62 | 123.11 | 23.79 | 113.81 | 133.92 | 42.5 | 39.38 | -33.92 | -663.54 | -965.17 | 2.39 | -14.64 | -32.29 |
| 22Q2 (11) | 0.47 | 34.29 | -70.44 | 6.71 | 33.4 | -57.5 | 5.55 | 52.47 | -60.16 | 5.91 | 45.21 | -65.36 | 4.24 | 4.95 | -75.09 | 3.20 | 47.47 | -73.31 | 1.84 | 35.29 | -75.92 | 0.42 | 27.27 | -6.67 | 7.21 | 27.39 | -61.22 | 99.45 | 63.22 | 96.43 | 93.98 | 5.0 | 15.07 | 6.02 | -42.65 | -67.16 | 2.80 | -14.11 | -37.36 |
| 22Q1 (10) | 0.35 | -44.44 | -70.34 | 5.03 | -53.17 | -72.04 | 3.64 | -55.39 | -77.28 | 4.07 | -51.49 | -74.08 | 4.04 | -38.13 | -74.27 | 2.17 | -46.68 | -79.35 | 1.36 | -46.46 | -77.92 | 0.33 | -15.38 | -15.38 | 5.66 | -42.24 | -67.75 | 60.93 | -7.85 | -7.72 | 89.50 | -7.97 | -12.3 | 10.50 | 282.09 | 609.76 | 3.26 | -19.11 | -29.28 |
| 21Q4 (9) | 0.63 | -38.24 | 18.87 | 10.74 | -15.7 | 13.17 | 8.16 | -28.67 | 16.24 | 8.39 | -29.55 | 5.01 | 6.53 | -30.24 | -18.27 | 4.07 | -40.41 | -22.92 | 2.54 | -42.92 | -10.56 | 0.39 | -17.02 | 11.43 | 9.80 | -25.64 | -11.15 | 66.12 | 14.83 | -15.12 | 97.25 | 1.22 | 10.84 | 2.75 | -29.94 | -77.59 | 4.03 | 14.16 | -7.14 |
| 21Q3 (8) | 1.02 | -35.85 | 500.0 | 12.74 | -19.32 | 230.91 | 11.44 | -17.88 | 711.35 | 11.91 | -30.19 | 341.11 | 9.36 | -45.01 | 246.67 | 6.83 | -43.04 | 275.27 | 4.45 | -41.75 | 378.49 | 0.47 | 4.44 | 46.87 | 13.18 | -29.1 | 115.01 | 57.58 | 13.73 | -42.89 | 96.08 | 17.64 | 83.36 | 3.92 | -78.61 | -91.76 | 3.53 | -21.03 | 1.73 |
| 21Q2 (7) | 1.59 | 34.75 | 736.0 | 15.79 | -12.23 | 1415.83 | 13.93 | -13.05 | 403.49 | 17.06 | 8.66 | 468.47 | 17.02 | 8.41 | 467.6 | 11.99 | 14.08 | 550.75 | 7.64 | 24.03 | 758.62 | 0.45 | 15.38 | 73.08 | 18.59 | 5.93 | 2960.0 | 50.63 | -23.32 | -56.95 | 81.67 | -19.98 | -17.65 | 18.33 | 990.26 | 2123.91 | 4.47 | -3.04 | 32.25 |
| 21Q1 (6) | 1.18 | 122.64 | 1411.11 | 17.99 | 89.57 | 542.5 | 16.02 | 128.21 | 1640.38 | 15.70 | 96.5 | 1366.13 | 15.70 | 96.5 | 1366.13 | 10.51 | 99.05 | 1280.9 | 6.16 | 116.9 | 1860.0 | 0.39 | 11.43 | 14.71 | 17.55 | 59.11 | 781.91 | 66.03 | -15.24 | -43.0 | 102.06 | 16.31 | 21.5 | -2.06 | -116.8 | -112.87 | 4.61 | 6.22 | 44.97 |
| 20Q4 (5) | 0.53 | 211.76 | 282.76 | 9.49 | 146.49 | 378.3 | 7.02 | 397.87 | 199.29 | 7.99 | 195.93 | 238.96 | 7.99 | 195.93 | 241.92 | 5.28 | 190.11 | 289.25 | 2.84 | 205.38 | 329.03 | 0.35 | 9.37 | 52.17 | 11.03 | 79.93 | 935.61 | 77.90 | -22.73 | -28.6 | 87.74 | 67.45 | -28.61 | 12.26 | -74.25 | 153.49 | 4.34 | 25.07 | 38.66 |
| 20Q3 (4) | 0.17 | 168.0 | 0.0 | 3.85 | 420.83 | 0.0 | 1.41 | 130.72 | 0.0 | 2.70 | 158.32 | 0.0 | 2.70 | 158.32 | 0.0 | 1.82 | 168.42 | 0.0 | 0.93 | 180.17 | 0.0 | 0.32 | 23.08 | 0.0 | 6.13 | 1043.08 | 0.0 | 100.82 | -14.28 | 0.0 | 52.40 | -47.16 | 0.0 | 47.60 | 5675.47 | 0.0 | 3.47 | 2.66 | 0.0 |
| 20Q2 (3) | -0.25 | -177.78 | 0.0 | -1.20 | -142.86 | 0.0 | -4.59 | -341.35 | 0.0 | -4.63 | -273.39 | 0.0 | -4.63 | -273.39 | 0.0 | -2.66 | -198.88 | 0.0 | -1.16 | -231.43 | 0.0 | 0.26 | -23.53 | 0.0 | -0.65 | -132.66 | 0.0 | 117.61 | 1.53 | 0.0 | 99.18 | 18.07 | 0.0 | 0.82 | -94.85 | 0.0 | 3.38 | 6.29 | 0.0 |
| 20Q1 (2) | -0.09 | 68.97 | 0.0 | 2.80 | 182.11 | 0.0 | -1.04 | 85.29 | 0.0 | -1.24 | 78.43 | 0.0 | -1.24 | 77.98 | 0.0 | -0.89 | 68.1 | 0.0 | -0.35 | 71.77 | 0.0 | 0.34 | 47.83 | 0.0 | 1.99 | 250.76 | 0.0 | 115.84 | 6.18 | 0.0 | 84.00 | -31.66 | 0.0 | 16.00 | 169.83 | 0.0 | 3.18 | 1.6 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | -3.41 | 0.0 | 0.0 | -7.07 | 0.0 | 0.0 | -5.75 | 0.0 | 0.0 | -5.63 | 0.0 | 0.0 | -2.79 | 0.0 | 0.0 | -1.24 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | -1.32 | 0.0 | 0.0 | 109.10 | 0.0 | 0.0 | 122.91 | 0.0 | 0.0 | -22.91 | 0.0 | 0.0 | 3.13 | 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) | 0.11 | 0 | 1.36 | 0 | -0.08 | 0 | 1.84 | 14.23 | 0.43 | 0 | 0.42 | 0 | 0.96 | 0 | 0.92 | 0 | 1.08 | -10.0 | 2.81 | 0 | 102.92 | -10.87 | -17.90 | 0 | 118.52 | 0 | 0.00 | 0 | 3.27 | 11.6 |
| 2022 (9) | -0.69 | 0 | -2.53 | 0 | -3.96 | 0 | 1.61 | 15.0 | -2.66 | 0 | -2.22 | 0 | -5.00 | 0 | -2.39 | 0 | 1.20 | -27.71 | -0.76 | 0 | 115.47 | 74.64 | 148.61 | 59.75 | -48.61 | 0 | 0.00 | 0 | 2.93 | -28.71 |
| 2021 (8) | 4.42 | 1094.59 | 14.04 | 255.44 | 12.14 | 1219.57 | 1.40 | -55.58 | 13.05 | 806.25 | 11.82 | 720.83 | 33.60 | 846.48 | 19.78 | 850.96 | 1.66 | 29.69 | 14.54 | 201.04 | 66.12 | -15.12 | 93.03 | 45.32 | 6.97 | -80.62 | 0.00 | 0 | 4.11 | 14.17 |
| 2020 (7) | 0.37 | 3600.0 | 3.95 | 28.25 | 0.92 | 0 | 3.16 | 5.29 | 1.44 | 4700.0 | 1.44 | 4700.0 | 3.55 | 4971.43 | 2.08 | 511.76 | 1.28 | 0.79 | 4.83 | 45.05 | 77.90 | -28.6 | 64.02 | 0 | 35.98 | -98.26 | 0.00 | 0 | 3.60 | 16.5 |
| 2019 (6) | 0.01 | -99.53 | 3.08 | -66.12 | -0.54 | 0 | 3.00 | 22.53 | 0.03 | -99.52 | 0.03 | -99.52 | 0.07 | -99.69 | 0.34 | -96.5 | 1.27 | -14.77 | 3.33 | -63.12 | 109.10 | -13.67 | -1981.82 | 0 | 2072.73 | 39701.61 | 0.00 | 0 | 3.09 | -3.13 |
| 2018 (5) | 2.11 | 15.93 | 9.09 | -4.62 | 5.96 | -5.55 | 2.45 | -29.62 | 6.29 | -1.56 | 6.29 | -1.56 | 22.73 | -6.96 | 9.71 | 9.97 | 1.49 | 13.74 | 9.03 | -12.42 | 126.38 | -22.51 | 94.79 | -4.03 | 5.21 | 311.25 | 0.00 | 0 | 3.19 | -5.06 |
| 2017 (4) | 1.82 | 36.84 | 9.53 | -3.05 | 6.31 | 3.1 | 3.48 | -39.16 | 6.39 | 11.71 | 6.39 | 11.71 | 24.43 | 2.47 | 8.83 | 29.85 | 1.31 | 20.18 | 10.31 | -14.72 | 163.10 | -28.99 | 98.77 | -7.6 | 1.27 | 0 | 0.00 | 0 | 3.36 | -10.64 |
| 2016 (3) | 1.33 | 0 | 9.83 | 0 | 6.12 | 0 | 5.72 | -12.6 | 5.72 | 0 | 5.72 | 0 | 23.84 | 0 | 6.80 | 0 | 1.09 | 19.78 | 12.09 | 241.53 | 229.68 | -36.38 | 106.90 | -54.47 | -6.85 | 0 | 0.00 | 0 | 3.76 | 8.36 |
| 2015 (2) | -0.81 | 0 | -5.35 | 0 | -9.11 | 0 | 6.54 | 27.72 | -3.88 | 0 | -3.87 | 0 | -14.82 | 0 | -2.87 | 0 | 0.91 | -12.5 | 3.54 | -44.77 | 361.01 | 25.9 | 234.79 | 86.45 | -134.79 | 0 | 0.00 | 0 | 3.47 | 20.07 |
| 2014 (1) | 0.15 | 50.0 | 3.50 | 0 | 0.73 | 0 | 5.12 | 7.4 | 0.58 | 0 | 0.58 | 0 | 2.39 | 0 | 1.21 | 0 | 1.04 | -3.7 | 6.41 | 9.39 | 286.75 | -6.16 | 125.93 | 3.7 | -25.93 | 0 | 0.00 | 0 | 2.89 | -1.03 |
