- 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) | -0.10 | -400.0 | 16.67 | 6.42 | -34.09 | 407.18 | -5.51 | -103.32 | 60.75 | -3.56 | -968.29 | 59.77 | -3.99 | -283.65 | -146.3 | -0.49 | -308.33 | -122.73 | -0.08 | -166.67 | -260.0 | 0.07 | 0.0 | -12.5 | 6.55 | -37.32 | 877.61 | 88.66 | 39.16 | 15.26 | 153.12 | 126.63 | -3.22 | -53.12 | -107.87 | 8.76 | 13.34 | -3.68 | 2.22 |
| 24Q2 (19) | -0.02 | -103.23 | 92.31 | 9.74 | 3.62 | 422.52 | -2.71 | 23.45 | 82.23 | 0.41 | -99.12 | 104.11 | -1.04 | -102.26 | 87.99 | -0.12 | -102.46 | 89.38 | 0.12 | -96.12 | 126.67 | 0.07 | 16.67 | 0.0 | 10.45 | -82.12 | 1558.73 | 63.71 | -4.07 | -19.5 | -575.00 | -7419.23 | -475.41 | 675.00 | 527.05 | 1369.64 | 13.85 | -15.08 | -3.08 |
| 24Q1 (18) | 0.62 | 381.82 | 576.92 | 9.40 | 257.45 | 86.51 | -3.54 | 82.94 | 58.3 | 46.80 | 365.61 | 1371.74 | 46.06 | 429.47 | 1204.56 | 4.87 | 440.56 | 1114.58 | 3.09 | 561.19 | 3533.33 | 0.06 | 0.0 | 0.0 | 58.46 | 1172.66 | 571.18 | 66.41 | -0.64 | -18.94 | -7.65 | -106.51 | -103.35 | 107.65 | 715.13 | 184.1 | 16.31 | -4.12 | -4.73 |
| 23Q4 (17) | -0.22 | -83.33 | -175.0 | -5.97 | -185.65 | -206.42 | -20.75 | -47.79 | -131.07 | -17.62 | -99.1 | -146.78 | -13.98 | -762.96 | -69.25 | -1.43 | -550.0 | -55.43 | -0.67 | -1440.0 | -116.13 | 0.06 | -25.0 | 0.0 | -5.45 | -913.43 | -193.16 | 66.84 | -13.1 | -21.1 | 117.50 | -25.74 | -6.81 | -17.50 | 69.95 | 32.92 | 17.01 | 30.34 | 0.41 |
| 23Q3 (16) | -0.12 | 53.85 | -144.44 | -2.09 | 30.79 | -107.3 | -14.04 | 7.93 | -181.49 | -8.85 | 11.32 | -142.0 | -1.62 | 81.29 | -108.89 | -0.22 | 80.53 | -107.83 | 0.05 | 111.11 | -97.01 | 0.08 | 14.29 | 0.0 | 0.67 | 6.35 | -97.74 | 76.92 | -2.81 | -11.15 | 158.23 | 3.31 | 93.96 | -58.23 | -9.52 | -416.09 | 13.05 | -8.68 | 2.68 |
| 23Q2 (15) | -0.26 | -100.0 | -168.42 | -3.02 | -159.92 | -114.07 | -15.25 | -79.62 | -228.48 | -9.98 | -171.2 | -166.01 | -8.66 | -107.67 | -164.29 | -1.13 | -135.42 | -149.34 | -0.45 | -400.0 | -132.14 | 0.07 | 16.67 | -22.22 | 0.63 | -92.77 | -97.23 | 79.14 | -3.41 | -4.85 | 153.16 | -32.82 | 95.28 | -53.16 | 58.47 | -346.49 | 14.29 | -16.53 | 33.55 |
| 23Q1 (14) | -0.13 | -62.5 | -200.0 | 5.04 | -10.16 | -66.01 | -8.49 | 5.46 | -254.93 | -3.68 | 48.46 | -171.6 | -4.17 | 49.52 | -185.1 | -0.48 | 47.83 | -160.76 | -0.09 | 70.97 | -116.07 | 0.06 | 0.0 | -33.33 | 8.71 | 48.89 | -32.95 | 81.93 | -3.29 | 3.36 | 228.00 | 80.83 | 115.33 | -128.00 | -390.67 | -2076.0 | 17.12 | 1.06 | 47.46 |
| 22Q4 (13) | -0.08 | -129.63 | -124.24 | 5.61 | -80.4 | -74.53 | -8.98 | -152.12 | -173.43 | -7.14 | -133.89 | -150.67 | -8.26 | -145.33 | -166.88 | -0.92 | -132.74 | -146.0 | -0.31 | -118.56 | -125.83 | 0.06 | -25.0 | -33.33 | 5.85 | -80.31 | -73.62 | 84.72 | -2.14 | 1.05 | 126.09 | 54.56 | 45.48 | -26.09 | -241.61 | -295.65 | 16.94 | 33.28 | 56.71 |
| 22Q3 (12) | 0.27 | -28.95 | -37.21 | 28.62 | 33.36 | 25.2 | 17.23 | 45.16 | 39.18 | 21.07 | 39.35 | 42.27 | 18.22 | 35.26 | 22.45 | 2.81 | 22.71 | 24.34 | 1.67 | 19.29 | 24.63 | 0.08 | -11.11 | 0.0 | 29.71 | 30.42 | 24.57 | 86.57 | 4.09 | -2.59 | 81.58 | 4.01 | -1.65 | 18.42 | -14.59 | 13.16 | 12.71 | 18.79 | 1.27 |
| 22Q2 (11) | 0.38 | 192.31 | -47.95 | 21.46 | 44.71 | -3.51 | 11.87 | 116.61 | -18.42 | 15.12 | 194.16 | -18.58 | 13.47 | 174.9 | -26.87 | 2.29 | 189.87 | -41.28 | 1.40 | 150.0 | -37.22 | 0.09 | 0.0 | -18.18 | 22.78 | 75.37 | -8.81 | 83.17 | 4.92 | -5.57 | 78.43 | -25.93 | 0.32 | 21.57 | 466.67 | -1.14 | 10.70 | -7.84 | 16.3 |
| 22Q1 (10) | 0.13 | -60.61 | -72.92 | 14.83 | -32.68 | -37.29 | 5.48 | -55.19 | -62.26 | 5.14 | -63.52 | -67.81 | 4.90 | -60.32 | -69.18 | 0.79 | -60.5 | -74.18 | 0.56 | -53.33 | -69.06 | 0.09 | 0.0 | -18.18 | 12.99 | -41.43 | -44.37 | 79.27 | -5.45 | -5.48 | 105.88 | 22.17 | 16.54 | -5.88 | -144.12 | -164.31 | 11.61 | 7.4 | 5.45 |
| 21Q4 (9) | 0.33 | -23.26 | 57.14 | 22.03 | -3.63 | 35.24 | 12.23 | -1.21 | 139.33 | 14.09 | -4.86 | 68.74 | 12.35 | -17.0 | 63.14 | 2.00 | -11.5 | 34.23 | 1.20 | -10.45 | 26.32 | 0.09 | 12.5 | -18.18 | 22.18 | -7.0 | 41.09 | 83.84 | -5.66 | 7.4 | 86.67 | 4.49 | 42.75 | 13.33 | -18.1 | -66.06 | 10.81 | -13.86 | -2.52 |
| 21Q3 (8) | 0.43 | -41.1 | 1333.33 | 22.86 | 2.79 | 40.85 | 12.38 | -14.91 | 101.63 | 14.81 | -20.25 | 91.84 | 14.88 | -19.22 | 127.52 | 2.26 | -42.05 | 61.43 | 1.34 | -39.91 | 48.89 | 0.08 | -27.27 | -33.33 | 23.85 | -4.52 | 61.15 | 88.87 | 0.9 | 12.32 | 82.95 | 6.09 | 4.98 | 16.28 | -25.39 | -22.44 | 12.55 | 36.41 | 8.66 |
| 21Q2 (7) | 0.73 | 52.08 | 1560.0 | 22.24 | -5.96 | 398.65 | 14.55 | 0.21 | 268.6 | 18.57 | 16.28 | 921.68 | 18.42 | 15.85 | 880.51 | 3.90 | 27.45 | 1247.06 | 2.23 | 23.2 | 3285.71 | 0.11 | 0.0 | 37.5 | 24.98 | 6.98 | 180.36 | 88.08 | 5.02 | 13.1 | 78.18 | -13.95 | -79.49 | 21.82 | 138.55 | 107.76 | 9.20 | -16.44 | 0 |
| 21Q1 (6) | 0.48 | 128.57 | 420.0 | 23.65 | 45.18 | 813.13 | 14.52 | 184.15 | 268.84 | 15.97 | 91.26 | 295.47 | 15.90 | 110.04 | 303.59 | 3.06 | 105.37 | 344.8 | 1.81 | 90.53 | 382.81 | 0.11 | 0.0 | 10.0 | 23.35 | 48.54 | 1446.36 | 83.87 | 7.44 | 20.85 | 90.85 | 49.64 | -13.15 | 9.15 | -76.72 | 298.17 | 11.01 | -0.72 | 0 |
| 20Q4 (5) | 0.21 | 600.0 | 200.0 | 16.29 | 0.37 | 2194.37 | 5.11 | -16.78 | 144.32 | 8.35 | 8.16 | 202.71 | 7.57 | 15.75 | 190.88 | 1.49 | 6.43 | 206.43 | 0.95 | 5.56 | 231.94 | 0.11 | -8.33 | 10.0 | 15.72 | 6.22 | 1572.34 | 78.06 | -1.34 | 17.65 | 60.71 | -23.16 | -57.25 | 39.29 | 87.18 | 193.47 | 11.09 | -3.98 | 0 |
| 20Q3 (4) | 0.03 | 160.0 | 0.0 | 16.23 | 263.9 | 0.0 | 6.14 | 171.15 | 0.0 | 7.72 | 441.59 | 0.0 | 6.54 | 377.12 | 0.0 | 1.40 | 511.76 | 0.0 | 0.90 | 1385.71 | 0.0 | 0.12 | 50.0 | 0.0 | 14.80 | 66.11 | 0.0 | 79.12 | 1.59 | 0.0 | 79.01 | -79.28 | 0.0 | 20.99 | 107.46 | 0.0 | 11.55 | 0 | 0.0 |
| 20Q2 (3) | -0.05 | 66.67 | 0.0 | 4.46 | 72.2 | 0.0 | -8.63 | -0.35 | 0.0 | -2.26 | 72.34 | 0.0 | -2.36 | 69.78 | 0.0 | -0.34 | 72.8 | 0.0 | -0.07 | 89.06 | 0.0 | 0.08 | -20.0 | 0.0 | 8.91 | 490.07 | 0.0 | 77.88 | 12.22 | 0.0 | 381.25 | 264.43 | 0.0 | -281.25 | -5993.75 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.15 | 28.57 | 0.0 | 2.59 | 264.79 | 0.0 | -8.60 | 25.41 | 0.0 | -8.17 | -0.49 | 0.0 | -7.81 | 6.24 | 0.0 | -1.25 | 10.71 | 0.0 | -0.64 | 11.11 | 0.0 | 0.10 | 0.0 | 0.0 | 1.51 | 60.64 | 0.0 | 69.40 | 4.6 | 0.0 | 104.62 | -26.34 | 0.0 | -4.62 | 89.02 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.21 | 0.0 | 0.0 | 0.71 | 0.0 | 0.0 | -11.53 | 0.0 | 0.0 | -8.13 | 0.0 | 0.0 | -8.33 | 0.0 | 0.0 | -1.40 | 0.0 | 0.0 | -0.72 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 0.94 | 0.0 | 0.0 | 66.35 | 0.0 | 0.0 | 142.03 | 0.0 | 0.0 | -42.03 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -0.68 | 0 | -1.63 | 0 | -14.64 | 0 | 6.51 | 18.71 | -9.98 | 0 | -6.79 | 0 | -3.32 | 0 | -1.19 | 0 | 0.28 | -12.5 | 1.06 | -94.35 | 66.84 | -21.1 | 146.69 | 87.68 | -46.69 | 0 | 2.38 | -12.16 | 15.16 | 20.32 |
| 2022 (9) | 0.69 | -65.15 | 18.53 | -18.3 | 7.64 | -43.53 | 5.48 | 14.61 | 9.78 | -39.03 | 8.32 | -46.6 | 4.97 | -54.86 | 3.28 | -50.23 | 0.32 | -17.95 | 18.75 | -20.75 | 84.72 | 1.05 | 78.16 | -7.38 | 21.84 | 39.9 | 2.71 | -6.27 | 12.60 | 17.1 |
| 2021 (8) | 1.98 | 4850.0 | 22.68 | 105.43 | 13.53 | 0 | 4.78 | -18.12 | 16.04 | 568.33 | 15.58 | 724.34 | 11.01 | 760.16 | 6.59 | 449.17 | 0.39 | 0.0 | 23.66 | 112.39 | 83.84 | 7.4 | 84.39 | 0 | 15.61 | -86.62 | 2.89 | -27.28 | 10.76 | -19.04 |
| 2020 (7) | 0.04 | 0 | 11.04 | 68.55 | -0.39 | 0 | 5.84 | 8.44 | 2.40 | 0 | 1.89 | 0 | 1.28 | 0 | 1.20 | 0 | 0.39 | -15.22 | 11.14 | 153.18 | 78.06 | 17.65 | -16.67 | 0 | 116.67 | 0 | 3.97 | -20.84 | 13.29 | 3.18 |
| 2019 (6) | -0.50 | 0 | 6.55 | -39.35 | -4.63 | 0 | 5.39 | 9.27 | -3.75 | 0 | -3.90 | 0 | -2.98 | 0 | -1.29 | 0 | 0.46 | -22.03 | 4.40 | -55.47 | 66.35 | 4.11 | 123.65 | 47.94 | -23.65 | 0 | 5.02 | -6.24 | 12.88 | 28.29 |
| 2018 (5) | 0.51 | -49.0 | 10.80 | -36.62 | 2.25 | -70.7 | 4.93 | 0.24 | 2.68 | -69.05 | 2.96 | -65.05 | 2.76 | -60.96 | 2.24 | -55.91 | 0.59 | 7.27 | 9.88 | -38.44 | 63.73 | 27.82 | 83.58 | -6.03 | 16.42 | 45.09 | 5.35 | -15.83 | 10.04 | -4.02 |
| 2017 (4) | 1.00 | 75.44 | 17.04 | 2.47 | 7.68 | 3.5 | 4.92 | -0.19 | 8.66 | 21.97 | 8.47 | 31.32 | 7.07 | 25.13 | 5.08 | 23.6 | 0.55 | -1.79 | 16.05 | 10.31 | 49.86 | -11.03 | 88.95 | -14.86 | 11.32 | 0 | 6.36 | 0 | 10.46 | -2.88 |
| 2016 (3) | 0.57 | 0 | 16.63 | 121.14 | 7.42 | 0 | 4.93 | 9.93 | 7.10 | 0 | 6.45 | 0 | 5.65 | 0 | 4.11 | 0 | 0.56 | -5.08 | 14.55 | 132.06 | 56.04 | -1.87 | 104.47 | -37.72 | -4.47 | 0 | 0.00 | 0 | 10.77 | 12.89 |
| 2015 (2) | -0.59 | 0 | 7.52 | 20.9 | -1.08 | 0 | 4.48 | 28.34 | -0.65 | 0 | -1.46 | 0 | -1.41 | 0 | -0.29 | 0 | 0.59 | -16.9 | 6.27 | 24.9 | 57.11 | -21.31 | 167.74 | 331.34 | -67.74 | 0 | 0.00 | 0 | 9.54 | 36.48 |
| 2014 (1) | -0.44 | 0 | 6.22 | 0 | -0.12 | 0 | 3.49 | -6.16 | -0.30 | 0 | -0.70 | 0 | -0.82 | 0 | 0.00 | 0 | 0.71 | -4.05 | 5.02 | -7.04 | 72.58 | 24.58 | 38.89 | 0 | 61.11 | -42.71 | 0.00 | 0 | 6.99 | 3.4 |
