- 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 | -72.73 | 0.25 | -97.26 | -97.74 | -9.88 | -1135.0 | -826.47 | -8.94 | -153.26 | -1275.38 | -8.25 | -69.06 | -576.23 | -2.36 | -66.2 | -461.9 | -1.42 | -75.31 | -914.29 | 0.20 | -4.76 | -23.08 | -3.87 | -525.27 | -183.77 | 44.08 | 0.23 | 22.51 | 110.23 | 382.24 | 151.67 | -10.23 | -113.26 | -103.26 | 10.61 | 8.82 | 48.81 |
| 24Q2 (19) | -0.12 | -166.67 | -100.0 | 9.14 | -24.02 | -13.36 | -0.80 | -126.58 | -135.09 | -3.53 | -198.06 | -1504.55 | -4.88 | -290.62 | -454.55 | -1.42 | -289.33 | -373.33 | -0.81 | -210.96 | -1520.0 | 0.21 | -4.55 | -12.5 | 0.91 | -88.81 | -83.84 | 43.98 | 26.31 | 28.15 | 22.86 | -72.65 | 102.24 | 77.14 | 369.29 | -93.11 | 9.75 | 23.42 | 26.46 |
| 24Q1 (18) | 0.18 | 0.0 | 0.0 | 12.03 | -46.13 | -14.8 | 3.01 | -78.89 | -0.99 | 3.60 | -72.97 | -50.62 | 2.56 | -58.17 | -60.49 | 0.75 | -80.21 | -62.69 | 0.73 | -75.67 | -57.31 | 0.22 | 10.0 | -4.35 | 8.13 | -47.04 | -33.85 | 34.82 | 19.82 | -7.79 | 83.56 | -21.92 | 100.82 | 16.44 | 334.0 | -71.85 | 7.90 | -16.49 | -3.66 |
| 23Q4 (17) | 0.18 | 263.64 | 325.0 | 22.33 | 101.72 | 331.08 | 14.26 | 948.53 | 14360.0 | 13.32 | 2149.23 | 2236.84 | 6.12 | 601.64 | 15400.0 | 3.79 | 1002.38 | 2815.38 | 3.00 | 2242.86 | 971.43 | 0.20 | -23.08 | -20.0 | 15.35 | 232.25 | 222.48 | 29.06 | -19.23 | -7.3 | 107.02 | 150.17 | 742.15 | -7.02 | -102.24 | -106.02 | 9.46 | 32.68 | 54.58 |
| 23Q3 (16) | -0.11 | -83.33 | 35.29 | 11.07 | 4.93 | 124.09 | 1.36 | -40.35 | 203.82 | -0.65 | -195.45 | 78.9 | -1.22 | -38.64 | 71.76 | -0.42 | -40.0 | 72.73 | -0.14 | -180.0 | 85.26 | 0.26 | 8.33 | 0.0 | 4.62 | -17.94 | 301.74 | 35.98 | 4.84 | -0.61 | -213.33 | 79.08 | -597.78 | 313.33 | -72.02 | 448.33 | 7.13 | -7.52 | 41.19 |
| 23Q2 (15) | -0.06 | -133.33 | 25.0 | 10.55 | -25.28 | 71.54 | 2.28 | -25.0 | 16.92 | -0.22 | -103.02 | 91.54 | -0.88 | -113.58 | 63.18 | -0.30 | -114.93 | 71.7 | -0.05 | -102.92 | 92.06 | 0.24 | 4.35 | -22.58 | 5.63 | -54.19 | 1343.59 | 34.32 | -9.11 | -13.05 | -1020.00 | -2551.29 | -1272.36 | 1120.00 | 1818.16 | 542.48 | 7.71 | -5.98 | 96.68 |
| 23Q1 (14) | 0.18 | 325.0 | 125.0 | 14.12 | 172.59 | 49.73 | 3.04 | 3140.0 | -25.67 | 7.29 | 1178.95 | 64.56 | 6.48 | 16300.0 | 55.4 | 2.01 | 1446.15 | 31.37 | 1.71 | 510.71 | 40.16 | 0.23 | -8.0 | -11.54 | 12.29 | 158.19 | 55.37 | 37.76 | 20.45 | -8.33 | 41.61 | 349.66 | -54.92 | 58.39 | -49.95 | 659.06 | 8.20 | 33.99 | 67.69 |
| 22Q4 (13) | -0.08 | 52.94 | -60.0 | 5.18 | 4.86 | -37.96 | -0.10 | 92.37 | -104.33 | 0.57 | 118.51 | 107.94 | -0.04 | 99.07 | 99.47 | 0.13 | 108.44 | 105.26 | 0.28 | 129.47 | 117.07 | 0.25 | -3.85 | 8.7 | 4.76 | 313.91 | 227.27 | 31.35 | -13.4 | -18.04 | -16.67 | -138.89 | 48.23 | 116.67 | 104.17 | -11.74 | 6.12 | 21.19 | 10.47 |
| 22Q3 (12) | -0.17 | -112.5 | -173.91 | 4.94 | -19.67 | -64.07 | -1.31 | -167.18 | -114.3 | -3.08 | -18.46 | -142.54 | -4.32 | -80.75 | -167.61 | -1.54 | -45.28 | -159.0 | -0.95 | -50.79 | -151.63 | 0.26 | -16.13 | -3.7 | 1.15 | 194.87 | -89.4 | 36.20 | -8.28 | -22.9 | 42.86 | 157.66 | -66.26 | 57.14 | -67.22 | 316.15 | 5.05 | 28.83 | 6.32 |
| 22Q2 (11) | -0.08 | -200.0 | -125.81 | 6.15 | -34.78 | -50.16 | 1.95 | -52.32 | -76.84 | -2.60 | -158.69 | -138.98 | -2.39 | -157.31 | -140.03 | -1.06 | -169.28 | -130.2 | -0.63 | -151.64 | -126.25 | 0.31 | 19.23 | -18.42 | 0.39 | -95.07 | -95.91 | 39.47 | -4.18 | -32.43 | -74.32 | -180.52 | -159.03 | 174.32 | 2166.22 | 761.23 | 3.92 | -19.84 | 7.4 |
| 22Q1 (10) | 0.08 | 260.0 | -80.0 | 9.43 | 12.93 | -43.9 | 4.09 | 77.06 | -67.57 | 4.43 | 161.7 | -55.88 | 4.17 | 155.09 | -55.4 | 1.53 | 161.94 | -69.58 | 1.22 | 174.39 | -65.14 | 0.26 | 13.04 | -27.78 | 7.91 | 311.5 | -40.53 | 41.19 | 7.69 | -14.6 | 92.31 | 386.74 | -26.65 | 7.69 | -94.18 | 130.16 | 4.89 | -11.73 | 22.56 |
| 21Q4 (9) | -0.05 | -121.74 | 58.33 | 8.35 | -39.27 | 5.03 | 2.31 | -74.78 | 30.51 | -7.18 | -199.17 | -68.15 | -7.57 | -218.47 | -92.62 | -2.47 | -194.64 | -97.6 | -1.64 | -189.13 | -144.78 | 0.23 | -14.81 | 9.52 | -3.74 | -134.47 | -502.15 | 38.25 | -18.53 | -23.08 | -32.19 | -125.35 | 23.16 | 132.19 | 600.03 | -5.94 | 5.54 | 16.63 | -18.17 |
| 21Q3 (8) | 0.23 | -25.81 | 228.57 | 13.75 | 11.43 | 58.41 | 9.16 | 8.79 | 155.87 | 7.24 | 8.55 | 236.74 | 6.39 | 7.04 | 208.7 | 2.61 | -25.64 | 248.0 | 1.84 | -23.33 | 201.64 | 0.27 | -28.95 | 17.39 | 10.85 | 13.73 | 53.68 | 46.95 | -19.62 | -18.9 | 127.01 | 0.88 | -23.42 | -26.44 | -0.28 | 59.86 | 4.75 | 30.14 | -17.39 |
| 21Q2 (7) | 0.31 | -22.5 | 321.43 | 12.34 | -26.59 | 85.84 | 8.42 | -33.23 | 398.22 | 6.67 | -33.57 | 302.12 | 5.97 | -36.15 | 264.46 | 3.51 | -30.22 | 323.57 | 2.40 | -31.43 | 400.0 | 0.38 | 5.56 | 46.15 | 9.54 | -28.27 | 404.76 | 58.41 | 21.11 | -6.69 | 125.91 | 0.06 | 345.01 | -26.36 | -3.37 | -117.58 | 3.65 | -8.52 | 0 |
| 21Q1 (6) | 0.40 | 433.33 | 300.0 | 16.81 | 111.45 | 313.02 | 12.61 | 612.43 | 1656.79 | 10.04 | 335.13 | 311.81 | 9.35 | 337.91 | 277.76 | 5.03 | 502.4 | 332.87 | 3.50 | 622.39 | 409.73 | 0.36 | 71.43 | 44.0 | 13.30 | 1330.11 | 9400.0 | 48.23 | -3.02 | -26.49 | 125.84 | 400.39 | 647.63 | -25.50 | -118.15 | -130.66 | 3.99 | -41.06 | 0 |
| 20Q4 (5) | -0.12 | -271.43 | 90.77 | 7.95 | -8.41 | 4868.75 | 1.77 | -50.56 | 139.25 | -4.27 | -298.6 | 81.54 | -3.93 | -289.86 | 85.68 | -1.25 | -266.67 | 90.86 | -0.67 | -209.84 | 92.18 | 0.21 | -8.7 | -34.38 | 0.93 | -86.83 | 104.93 | 49.73 | -14.1 | -20.39 | -41.89 | -125.26 | -314.54 | 140.54 | 313.41 | 74.64 | 6.77 | 17.74 | 64.32 |
| 20Q3 (4) | 0.07 | 150.0 | 0.0 | 8.68 | 30.72 | 0.0 | 3.58 | 111.83 | 0.0 | 2.15 | 165.15 | 0.0 | 2.07 | 157.02 | 0.0 | 0.75 | 147.77 | 0.0 | 0.61 | 176.25 | 0.0 | 0.23 | -11.54 | 0.0 | 7.06 | 273.54 | 0.0 | 57.89 | -7.52 | 0.0 | 165.85 | 422.74 | 0.0 | -65.85 | -143.9 | 0.0 | 5.75 | 0 | 0.0 |
| 20Q2 (3) | -0.14 | 30.0 | 0.0 | 6.64 | 63.14 | 0.0 | 1.69 | 308.64 | 0.0 | -3.30 | 30.38 | 0.0 | -3.63 | 30.99 | 0.0 | -1.57 | 27.31 | 0.0 | -0.80 | 29.2 | 0.0 | 0.26 | 4.0 | 0.0 | 1.89 | 1250.0 | 0.0 | 62.60 | -4.59 | 0.0 | -51.39 | -405.31 | 0.0 | 150.00 | 80.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.20 | 84.62 | 0.0 | 4.07 | 2443.75 | 0.0 | -0.81 | 82.04 | 0.0 | -4.74 | 79.51 | 0.0 | -5.26 | 80.83 | 0.0 | -2.16 | 84.2 | 0.0 | -1.13 | 86.81 | 0.0 | 0.25 | -21.88 | 0.0 | 0.14 | 100.74 | 0.0 | 65.61 | 5.03 | 0.0 | 16.83 | -13.8 | 0.0 | 83.17 | 3.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.30 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -4.51 | 0.0 | 0.0 | -23.13 | 0.0 | 0.0 | -27.44 | 0.0 | 0.0 | -13.67 | 0.0 | 0.0 | -8.57 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | -18.88 | 0.0 | 0.0 | 62.47 | 0.0 | 0.0 | 19.53 | 0.0 | 0.0 | 80.47 | 0.0 | 0.0 | 4.12 | 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) | 0.24 | 0 | 14.10 | 118.6 | 4.80 | 284.0 | 3.43 | 19.93 | 4.40 | 0 | 2.32 | 0 | 5.12 | 0 | 4.68 | 0 | 0.97 | -12.61 | 9.05 | 167.75 | 29.06 | -7.3 | 108.89 | 0 | -8.89 | 0 | 0.13 | 27.5 | 8.05 | 63.95 |
| 2022 (9) | -0.25 | 0 | 6.45 | -50.91 | 1.25 | -85.45 | 2.86 | 6.7 | -0.29 | 0 | -0.72 | 0 | -0.92 | 0 | -0.07 | 0 | 1.11 | -12.6 | 3.38 | -59.57 | 31.35 | -18.04 | -444.44 | 0 | 544.44 | 0 | 0.11 | 2.5 | 4.91 | 12.87 |
| 2021 (8) | 0.89 | 0 | 13.14 | 95.54 | 8.59 | 480.41 | 2.68 | -33.11 | 5.10 | 0 | 4.43 | 0 | 8.06 | 0 | 6.08 | 0 | 1.27 | 36.56 | 8.36 | 239.84 | 38.25 | -23.08 | 168.32 | 0 | -68.32 | 0 | 0.10 | -23.54 | 4.35 | -21.9 |
| 2020 (7) | -0.39 | 0 | 6.72 | 209.68 | 1.48 | 0 | 4.01 | -10.83 | -2.60 | 0 | -2.77 | 0 | -4.03 | 0 | -1.97 | 0 | 0.93 | 0.0 | 2.46 | 0 | 49.73 | -20.39 | -57.28 | 0 | 157.28 | 131.03 | 0.13 | -0.56 | 5.57 | 31.99 |
| 2019 (6) | -1.64 | 0 | 2.17 | -60.83 | -2.28 | 0 | 4.50 | -18.05 | -7.18 | 0 | -8.75 | 0 | -15.27 | 0 | -6.56 | 0 | 0.93 | 29.17 | -1.58 | 0 | 62.47 | -59.35 | 31.80 | -20.26 | 68.08 | 13.24 | 0.14 | 0 | 4.22 | -4.09 |
| 2018 (5) | -0.11 | 0 | 5.54 | -35.66 | 0.61 | -56.74 | 5.49 | -16.04 | 1.51 | 403.33 | 0.07 | 0 | 2.72 | 0 | 1.82 | 47.97 | 0.72 | 28.57 | 8.52 | -13.68 | 153.67 | -6.24 | 39.88 | -91.66 | 60.12 | 0 | 0.00 | 0 | 4.40 | -35.29 |
| 2017 (4) | -0.16 | 0 | 8.61 | -15.26 | 1.41 | -42.21 | 6.54 | -4.56 | 0.30 | -70.0 | -0.10 | 0 | -0.14 | 0 | 1.23 | 41.38 | 0.56 | 5.66 | 9.87 | -8.61 | 163.90 | 24.48 | 478.26 | 96.93 | -378.26 | 0 | 0.00 | 0 | 6.80 | -5.82 |
| 2016 (3) | -0.16 | 0 | 10.16 | 326.89 | 2.44 | 0 | 6.85 | 35.29 | 1.00 | 0 | -0.56 | 0 | -0.69 | 0 | 0.87 | 0 | 0.53 | 0.0 | 10.80 | 0 | 131.67 | 4.1 | 242.86 | 340.46 | -144.29 | 0 | 0.00 | 0 | 7.22 | 10.4 |
| 2015 (2) | -1.06 | 0 | 2.38 | -62.87 | -5.09 | 0 | 5.06 | 48.5 | -9.23 | 0 | -9.22 | 0 | -10.97 | 0 | -4.00 | 0 | 0.53 | -14.52 | -1.86 | 0 | 126.48 | 3.34 | 55.14 | -34.84 | 44.86 | 191.61 | 0.00 | 0 | 6.54 | 28.99 |
| 2014 (1) | 0.00 | 0 | 6.41 | 0 | 0.49 | 0 | 3.41 | 8.4 | 0.58 | 0 | 0.18 | 0 | 0.24 | 0 | 0.76 | 0 | 0.62 | -18.42 | 5.46 | 0 | 122.39 | 6.85 | 84.62 | 119.5 | 15.38 | -74.89 | 0.00 | 0 | 5.07 | 23.36 |
