- 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) | -0.37 | -628.57 | -3600.0 | -48.65 | -696.24 | -161.0 | -55.50 | -421.13 | -159.35 | -61.80 | -800.68 | -4252.11 | -61.73 | -799.89 | -4648.46 | -6.53 | -639.67 | -3165.0 | -6.16 | -640.35 | -3142.11 | 0.10 | -23.08 | -33.33 | -55.88 | -533.51 | -3187.29 | 6.51 | 17.51 | 167.9 | 89.52 | 174.6 | -93.93 | 10.48 | -95.24 | 100.76 | 9.00 | 66.67 | 140.64 |
| 24Q2 (19) | 0.07 | 126.92 | -94.66 | -6.11 | 61.16 | 94.37 | -10.65 | 44.47 | 92.12 | 8.82 | 135.01 | -99.38 | 8.82 | 135.01 | -99.35 | 1.21 | 127.19 | -94.6 | 1.14 | 127.14 | -94.84 | 0.13 | -23.53 | 550.0 | 12.89 | 159.43 | -99.11 | 5.54 | -0.36 | 255.13 | -120.00 | -255.79 | -1176.67 | 220.00 | 804.44 | 101.1 | 5.40 | 33.0 | -81.37 |
| 24Q1 (18) | -0.26 | 39.53 | -420.0 | -15.73 | 30.15 | -157.03 | -19.18 | 26.51 | -64.35 | -25.19 | 37.96 | -128.38 | -25.19 | 37.99 | -128.38 | -4.45 | 34.85 | -319.81 | -4.20 | 35.98 | -307.77 | 0.17 | 6.25 | 88.89 | -21.69 | 42.16 | -405.59 | 5.56 | -5.6 | 286.11 | 77.03 | 20.04 | -27.79 | 24.32 | -32.12 | 464.86 | 4.06 | -7.09 | -27.37 |
| 23Q4 (17) | -0.43 | -4200.0 | -213.16 | -22.52 | -20.82 | 42.32 | -26.10 | -21.96 | 40.63 | -40.60 | -2759.15 | -177.04 | -40.62 | -3024.62 | -178.01 | -6.83 | -3315.0 | -190.95 | -6.56 | -3352.63 | -200.31 | 0.16 | 6.67 | 23.08 | -37.50 | -2171.82 | -160.24 | 5.89 | 142.39 | 74.26 | 64.17 | -95.65 | 177.0 | 35.83 | 102.61 | -80.36 | 4.37 | 16.84 | -2.24 |
| 23Q3 (16) | -0.01 | -100.76 | -100.75 | -18.64 | 82.82 | 76.93 | -21.40 | 84.17 | 77.01 | -1.42 | -100.1 | -100.24 | -1.30 | -100.1 | -100.24 | -0.20 | -100.89 | -100.63 | -0.19 | -100.86 | -100.93 | 0.15 | 650.0 | 275.0 | 1.81 | -99.88 | -99.71 | 2.43 | 55.77 | -91.11 | 1475.00 | 15792.36 | 9410.94 | -1375.00 | -1356.86 | -1286.97 | 3.74 | -87.1 | -71.38 |
| 23Q2 (15) | 1.31 | 2720.0 | 645.83 | -108.50 | -1672.88 | -7285.43 | -135.17 | -1058.27 | -24476.36 | 1423.03 | 13001.45 | 9140.85 | 1365.50 | 12479.87 | 8775.35 | 22.42 | 2215.09 | 442.81 | 22.09 | 2244.66 | 765.36 | 0.02 | -77.78 | -90.91 | 1451.85 | 33942.66 | 18248.12 | 1.56 | 8.33 | -98.37 | -9.40 | -108.81 | -414.88 | 109.40 | 1740.99 | 12.77 | 28.99 | 418.6 | 1280.48 |
| 23Q1 (14) | -0.05 | -113.16 | -103.85 | -6.12 | 84.32 | -270.47 | -11.67 | 73.45 | -724.06 | -11.03 | -120.93 | -116.1 | -11.03 | -121.18 | -116.1 | -1.06 | -114.11 | -102.54 | -1.03 | -115.75 | -105.4 | 0.09 | -30.77 | -67.86 | -4.29 | -106.89 | -105.73 | 1.44 | -57.4 | -98.21 | 106.67 | 228.0 | 3793.33 | -6.67 | -103.65 | -106.85 | 5.59 | 25.06 | 178.11 |
| 22Q4 (13) | 0.38 | -71.64 | 8.57 | -39.04 | 51.68 | -413.32 | -43.96 | 52.78 | -491.45 | 52.70 | -91.06 | 393.91 | 52.07 | -90.5 | 388.0 | 7.51 | -76.49 | -50.59 | 6.54 | -68.02 | 22.24 | 0.13 | 225.0 | -73.47 | 62.25 | -90.06 | 336.23 | 3.38 | -87.64 | -98.12 | -83.33 | -426.04 | -179.33 | 182.41 | 57.46 | 3711.67 | 4.47 | -65.8 | 190.26 |
| 22Q3 (12) | 1.34 | 658.33 | 185.11 | -80.79 | -5450.33 | -571.63 | -93.09 | -16825.45 | -686.21 | 589.28 | 3843.84 | 3789.64 | 548.35 | 3583.8 | 3521.86 | 31.94 | 588.38 | 30.58 | 20.45 | 715.96 | 170.5 | 0.04 | -81.82 | -91.84 | 626.09 | 7926.12 | 3181.39 | 27.34 | -71.48 | -86.79 | -15.84 | -630.69 | -115.15 | 115.84 | 19.41 | 2629.21 | 13.07 | 522.38 | 826.95 |
| 22Q2 (11) | -0.24 | -118.46 | -900.0 | 1.51 | -57.94 | 168.64 | -0.55 | -129.41 | 91.11 | -15.74 | -122.98 | -552.3 | -15.74 | -122.98 | -552.3 | -6.54 | -115.69 | -480.23 | -3.32 | -117.4 | -618.75 | 0.22 | -21.43 | 57.14 | -8.00 | -110.69 | -144.37 | 95.86 | 18.86 | -63.03 | 2.99 | 8.96 | 101.71 | 97.01 | -0.25 | -66.26 | 2.10 | 4.48 | -54.45 |
| 22Q1 (10) | 1.30 | 271.43 | 828.57 | 3.59 | -71.19 | -65.11 | 1.87 | -83.35 | -78.33 | 68.49 | 541.89 | 694.55 | 68.49 | 541.89 | 694.55 | 41.67 | 174.14 | 387.37 | 19.08 | 256.64 | 691.7 | 0.28 | -42.86 | 7.69 | 74.86 | 424.6 | 365.84 | 80.65 | -55.06 | -68.75 | 2.74 | -97.39 | -97.26 | 97.26 | 2025.75 | 0 | 2.01 | 30.52 | -11.84 |
| 21Q4 (9) | 0.35 | -25.53 | 537.5 | 12.46 | -27.26 | 197.34 | 11.23 | -29.28 | 164.91 | 10.67 | -29.57 | 185.09 | 10.67 | -29.52 | 185.09 | 15.20 | -37.86 | 400.99 | 5.35 | -29.23 | 569.3 | 0.49 | 0.0 | 390.0 | 14.27 | -25.21 | 130.91 | 179.47 | -13.29 | -41.0 | 105.05 | 0.45 | -25.45 | -5.05 | -10.27 | 86.11 | 1.54 | 9.22 | -75.24 |
| 21Q3 (8) | 0.47 | 1466.67 | 570.0 | 17.13 | 878.64 | 244.31 | 15.88 | 356.54 | 201.4 | 15.15 | 335.34 | 212.56 | 15.14 | 335.06 | 212.48 | 24.46 | 1322.09 | 486.41 | 7.56 | 1081.25 | 584.62 | 0.49 | 250.0 | 276.92 | 19.08 | 5.82 | 936.96 | 206.98 | -20.18 | -23.87 | 104.58 | 159.76 | -10.8 | -4.58 | -101.59 | 73.44 | 1.41 | -69.41 | -76.34 |
| 21Q2 (7) | 0.03 | -78.57 | 113.64 | -2.20 | -121.38 | 95.34 | -6.19 | -171.73 | 88.32 | 3.48 | -59.63 | 107.88 | 3.48 | -59.63 | 107.88 | 1.72 | -79.88 | 113.45 | 0.64 | -73.44 | 118.44 | 0.14 | -46.15 | 75.0 | 18.03 | 12.2 | 185.94 | 259.31 | 0.46 | -1.43 | -175.00 | -275.0 | -245.07 | 287.50 | 0 | 1493.27 | 4.61 | 102.19 | 0 |
| 21Q1 (6) | 0.14 | 275.0 | 141.18 | 10.29 | 180.39 | 137.53 | 8.63 | 149.88 | 128.17 | 8.62 | 168.74 | 124.1 | 8.62 | 168.74 | 124.1 | 8.55 | 269.31 | 151.63 | 2.41 | 311.4 | 148.59 | 0.26 | 160.0 | 85.71 | 16.07 | 160.03 | 169.81 | 258.12 | -15.15 | 6.29 | 100.00 | -29.03 | 17.28 | 0.00 | 100.0 | -100.0 | 2.28 | -63.34 | -59.86 |
| 20Q4 (5) | -0.08 | 20.0 | 50.0 | -12.80 | -7.83 | 24.79 | -17.30 | -10.47 | 15.9 | -12.54 | 6.84 | 29.07 | -12.54 | 6.84 | 29.07 | -5.05 | 20.22 | 26.81 | -1.14 | 26.92 | 47.22 | 0.10 | -23.08 | -23.08 | 6.18 | 235.87 | 243.39 | 304.19 | 11.88 | 47.29 | 140.91 | 20.19 | 19.64 | -36.36 | -110.91 | -133.77 | 6.22 | 4.36 | 0 |
| 20Q3 (4) | -0.10 | 54.55 | 0.0 | -11.87 | 74.83 | 0.0 | -15.66 | 70.45 | 0.0 | -13.46 | 69.52 | 0.0 | -13.46 | 69.52 | 0.0 | -6.33 | 50.51 | 0.0 | -1.56 | 55.04 | 0.0 | 0.13 | 62.5 | 0.0 | 1.84 | 108.77 | 0.0 | 271.88 | 3.34 | 0.0 | 117.24 | -2.81 | 0.0 | -17.24 | 16.45 | 0.0 | 5.96 | 0 | 0.0 |
| 20Q2 (3) | -0.22 | 35.29 | 0.0 | -47.16 | -71.99 | 0.0 | -53.00 | -73.03 | 0.0 | -44.16 | -23.46 | 0.0 | -44.16 | -23.46 | 0.0 | -12.79 | 22.77 | 0.0 | -3.47 | 30.04 | 0.0 | 0.08 | -42.86 | 0.0 | -20.98 | 8.86 | 0.0 | 263.08 | 8.33 | 0.0 | 120.63 | 41.49 | 0.0 | -20.63 | -240.02 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.34 | -112.5 | 0.0 | -27.42 | -61.1 | 0.0 | -30.63 | -48.91 | 0.0 | -35.77 | -102.32 | 0.0 | -35.77 | -102.32 | 0.0 | -16.56 | -140.0 | 0.0 | -4.96 | -129.63 | 0.0 | 0.14 | 7.69 | 0.0 | -23.02 | -434.11 | 0.0 | 242.85 | 17.59 | 0.0 | 85.26 | -27.61 | 0.0 | 14.74 | 194.74 | 0.0 | 5.68 | 0 | 0.0 |
| 19Q4 (1) | -0.16 | 0.0 | 0.0 | -17.02 | 0.0 | 0.0 | -20.57 | 0.0 | 0.0 | -17.68 | 0.0 | 0.0 | -17.68 | 0.0 | 0.0 | -6.90 | 0.0 | 0.0 | -2.16 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | -4.31 | 0.0 | 0.0 | 206.52 | 0.0 | 0.0 | 117.78 | 0.0 | 0.0 | -15.56 | 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) | 0.81 | -70.86 | -21.10 | 0 | -25.58 | 0 | 5.01 | -42.4 | 32.95 | -49.92 | 30.89 | -51.29 | 14.39 | -80.04 | 13.74 | -69.7 | 0.44 | -38.03 | 38.02 | -49.35 | 5.89 | 74.26 | -77.78 | 0 | 177.78 | 50.63 | 0.00 | 0 | 5.27 | 72.22 |
| 2022 (9) | 2.78 | 183.67 | -8.89 | 0 | -11.85 | 0 | 8.69 | 77.51 | 65.80 | 488.03 | 63.42 | 467.26 | 72.09 | 47.82 | 45.34 | 192.7 | 0.71 | -46.62 | 75.06 | 351.35 | 3.38 | -98.12 | -18.02 | 0 | 118.02 | 2861.35 | 0.00 | 0 | 3.06 | 59.38 |
| 2021 (8) | 0.98 | 0 | 12.32 | 0 | 10.75 | 0 | 4.90 | -67.46 | 11.19 | 0 | 11.18 | 0 | 48.77 | 0 | 15.49 | 0 | 1.33 | 202.27 | 16.63 | 0 | 179.47 | -41.0 | 96.38 | -8.83 | 3.99 | 0 | 0.00 | 0 | 1.92 | -71.43 |
| 2020 (7) | -0.75 | 0 | -23.49 | 0 | -27.62 | 0 | 15.05 | 44.85 | -26.09 | 0 | -26.09 | 0 | -39.54 | 0 | -10.80 | 0 | 0.44 | -22.81 | -9.33 | 0 | 304.19 | 47.29 | 105.71 | -4.48 | -5.71 | 0 | 0.00 | 0 | 6.72 | 25.84 |
| 2019 (6) | -0.63 | 0 | -13.82 | 0 | -17.06 | 0 | 10.39 | 147.78 | -15.40 | 0 | -15.40 | 0 | -24.52 | 0 | -8.15 | 0 | 0.57 | -56.49 | -3.64 | 0 | 206.52 | 29.39 | 110.67 | 569.25 | -10.67 | 0 | 0.00 | 0 | 5.34 | 122.5 |
| 2018 (5) | -1.83 | 0 | -1.36 | 0 | -3.00 | 0 | 4.19 | 36.5 | -18.13 | 0 | -18.11 | 0 | -46.82 | 0 | -23.20 | 0 | 1.31 | -20.12 | -13.46 | 0 | 159.61 | 165.18 | 16.54 | -82.44 | 83.46 | 1337.42 | 0.00 | 0 | 2.40 | 16.5 |
| 2017 (4) | 0.55 | 66.67 | 5.42 | 79.47 | 4.01 | 174.66 | 3.07 | 0.96 | 4.26 | 69.05 | 4.26 | 69.05 | 11.97 | 54.25 | 7.56 | 58.82 | 1.64 | 8.61 | 7.76 | 22.59 | 60.19 | -28.18 | 94.19 | 63.51 | 5.81 | -86.3 | 0.00 | 0 | 2.06 | -1.44 |
| 2016 (3) | 0.33 | 0 | 3.02 | 0 | 1.46 | 0 | 3.04 | -20.51 | 2.52 | 0 | 2.52 | 0 | 7.76 | 0 | 4.76 | 0 | 1.51 | 27.97 | 6.33 | 0 | 83.81 | -32.73 | 57.61 | -26.55 | 42.39 | 94.33 | 0.00 | 0 | 2.09 | -17.06 |
| 2015 (2) | -1.45 | 0 | -9.03 | 0 | -10.92 | 0 | 3.83 | 74.38 | -13.96 | 0 | -13.97 | 0 | -29.66 | 0 | -15.73 | 0 | 1.18 | -40.1 | -9.36 | 0 | 124.59 | 157.15 | 78.43 | 1.01 | 21.81 | -2.41 | 0.00 | 0 | 2.52 | 50.9 |
| 2014 (1) | -0.30 | 0 | 0.85 | 0 | -1.28 | 0 | 2.20 | -59.52 | -1.65 | 0 | -1.65 | 0 | -5.18 | 0 | -2.56 | 0 | 1.97 | 36.81 | 0.99 | 0 | 48.45 | -30.2 | 77.65 | -25.68 | 22.35 | 0 | 0.00 | 0 | 1.67 | -18.54 |
