- 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) | -0.72 | -1700.0 | -30.91 | -5.86 | -398.98 | -10.15 | -8.28 | -1523.53 | -4.68 | -7.82 | -1529.17 | -3.44 | -7.82 | -1529.17 | -3.44 | -5.85 | -1620.59 | -56.84 | -1.25 | -1350.0 | -28.87 | 0.18 | 0.0 | 20.0 | -4.84 | -293.6 | -10.5 | 326.21 | 13.27 | 39.56 | 106.00 | -0.62 | 1.76 | -6.00 | 10.0 | -28.0 | 6.49 | -7.55 | -22.74 |
| 24Q2 (19) | -0.04 | 92.31 | 97.14 | 1.96 | 144.04 | 113.13 | -0.51 | 92.95 | 97.06 | -0.48 | 93.06 | 97.16 | -0.48 | 93.06 | 97.16 | -0.34 | 91.52 | 96.18 | 0.10 | 110.87 | 103.72 | 0.18 | 12.5 | 5.88 | 2.50 | 170.22 | 117.71 | 287.99 | 5.81 | 27.27 | 106.67 | 2.15 | 3.9 | -6.67 | -50.83 | -150.26 | 7.02 | -12.14 | -6.65 |
| 24Q1 (18) | -0.52 | 60.0 | -1833.33 | -4.45 | 73.79 | -320.3 | -7.23 | 64.37 | -2482.14 | -6.92 | 67.59 | -2332.26 | -6.92 | 67.59 | -2332.26 | -4.01 | 57.52 | -2458.82 | -0.92 | 63.92 | -538.1 | 0.16 | 23.08 | -11.11 | -3.56 | 79.61 | -226.24 | 272.18 | 4.13 | 34.36 | 104.42 | 9.98 | 216.02 | -4.42 | -187.44 | -102.46 | 7.99 | -15.98 | 14.8 |
| 23Q4 (17) | -1.30 | -136.36 | -306.25 | -16.98 | -219.17 | -4041.46 | -20.29 | -156.51 | -627.24 | -21.35 | -182.41 | -554.91 | -21.35 | -182.41 | -554.91 | -9.44 | -153.08 | -386.6 | -2.55 | -162.89 | -410.0 | 0.13 | -13.33 | -35.0 | -17.46 | -298.63 | -1646.0 | 261.38 | 11.82 | 28.01 | 94.95 | -8.85 | 10.94 | 5.05 | 207.84 | -64.93 | 9.51 | 13.21 | 49.53 |
| 23Q3 (16) | -0.55 | 60.71 | 56.35 | -5.32 | 64.37 | 60.5 | -7.91 | 54.38 | 50.25 | -7.56 | 55.27 | 50.62 | -7.56 | 55.27 | 50.62 | -3.73 | 58.14 | 49.87 | -0.97 | 63.94 | 58.55 | 0.15 | -11.76 | -6.25 | -4.38 | 68.98 | 65.7 | 233.75 | 3.3 | 14.93 | 104.17 | 1.46 | 0.3 | -4.69 | -75.96 | -21.6 | 8.40 | 11.7 | 12.45 |
| 23Q2 (15) | -1.40 | -4766.67 | -1372.73 | -14.93 | -839.11 | -958.05 | -17.34 | -6092.86 | -34580.0 | -16.90 | -5551.61 | -1790.0 | -16.90 | -5551.61 | -1790.0 | -8.91 | -5341.18 | -1585.0 | -2.69 | -1380.95 | -1060.71 | 0.17 | -5.56 | -15.0 | -14.12 | -600.71 | -593.71 | 226.29 | 11.7 | 11.74 | 102.66 | 214.07 | 1999.28 | -2.66 | -101.48 | -102.53 | 7.52 | 8.05 | 22.08 |
| 23Q1 (14) | 0.03 | 109.38 | -96.39 | 2.02 | 592.68 | -76.26 | -0.28 | 89.96 | -104.21 | 0.31 | 109.51 | -95.69 | 0.31 | 109.51 | -95.69 | 0.17 | 108.76 | -96.49 | 0.21 | 142.0 | -86.62 | 0.18 | -10.0 | -14.29 | 2.82 | 382.0 | -68.56 | 202.58 | -0.79 | -3.23 | -90.00 | -205.16 | -197.39 | 180.00 | 1148.75 | 2385.71 | 6.96 | 9.43 | 24.29 |
| 22Q4 (13) | -0.32 | 74.6 | -123.19 | -0.41 | 96.96 | -103.16 | -2.79 | 82.45 | -126.47 | -3.26 | 78.71 | -130.07 | -3.26 | 78.71 | -130.07 | -1.94 | 73.92 | -122.45 | -0.50 | 78.63 | -119.69 | 0.20 | 25.0 | -13.04 | -1.00 | 92.17 | -108.01 | 204.19 | 0.39 | -16.78 | 85.59 | -17.59 | -12.05 | 14.41 | 473.93 | 435.55 | 6.36 | -14.86 | -34.84 |
| 22Q3 (12) | -1.26 | -1245.45 | -158.6 | -13.47 | -874.14 | -175.72 | -15.90 | -31700.0 | -199.94 | -15.31 | -1631.0 | -203.66 | -15.31 | -1631.0 | -203.66 | -7.44 | -1340.0 | -149.24 | -2.34 | -935.71 | -156.25 | 0.16 | -20.0 | -42.86 | -12.77 | -546.5 | -178.88 | 203.39 | 0.43 | -21.75 | 103.85 | 2021.32 | -3.71 | -3.85 | -103.66 | 50.93 | 7.47 | 21.27 | 14.75 |
| 22Q2 (11) | 0.11 | -86.75 | -87.06 | 1.74 | -79.55 | -79.74 | -0.05 | -100.75 | -100.74 | 1.00 | -86.09 | -85.8 | 1.00 | -86.09 | -85.8 | 0.60 | -87.6 | -91.0 | 0.28 | -82.17 | -84.44 | 0.20 | -4.76 | -16.67 | 2.86 | -68.12 | -67.5 | 202.52 | -3.26 | -28.64 | -5.41 | -105.85 | -105.65 | 105.41 | 1355.6 | 2300.0 | 6.16 | 10.0 | -2.53 |
| 22Q1 (10) | 0.83 | -39.86 | 418.75 | 8.51 | -34.39 | 104.08 | 6.65 | -36.91 | 323.57 | 7.19 | -33.67 | 295.05 | 7.19 | -33.67 | 295.05 | 4.84 | -43.98 | 266.67 | 1.57 | -38.19 | 273.81 | 0.21 | -8.7 | 16.67 | 8.97 | -28.12 | 113.06 | 209.34 | -14.68 | -31.14 | 92.41 | -5.03 | 7.82 | 7.24 | 169.05 | -49.31 | 5.60 | -42.62 | -30.78 |
| 21Q4 (9) | 1.38 | -35.81 | 560.0 | 12.97 | -27.09 | 692.24 | 10.54 | -33.75 | 300.38 | 10.84 | -26.61 | 375.13 | 10.84 | -26.61 | 353.86 | 8.64 | -42.82 | 454.1 | 2.54 | -38.94 | 618.37 | 0.23 | -17.86 | 64.29 | 12.48 | -22.92 | 1534.48 | 245.35 | -5.61 | -22.22 | 97.31 | -9.78 | -27.21 | 2.69 | 134.26 | 107.99 | 9.76 | 49.92 | 1.24 |
| 21Q3 (8) | 2.15 | 152.94 | 1164.71 | 17.79 | 107.1 | 432.63 | 15.91 | 136.05 | 2310.61 | 14.77 | 109.8 | 642.21 | 14.77 | 109.8 | 642.21 | 15.11 | 126.54 | 994.93 | 4.16 | 131.11 | 845.45 | 0.28 | 16.67 | 64.71 | 16.19 | 83.98 | 255.82 | 259.93 | -8.41 | -15.7 | 107.86 | 12.81 | 229.25 | -7.86 | -278.88 | -111.68 | 6.51 | 3.01 | -24.57 |
| 21Q2 (7) | 0.85 | 431.25 | 426.92 | 8.59 | 106.0 | 349.71 | 6.74 | 329.3 | 200.3 | 7.04 | 286.81 | 301.72 | 7.04 | 286.81 | 301.72 | 6.67 | 405.3 | 404.57 | 1.80 | 328.57 | 528.57 | 0.24 | 33.33 | 60.0 | 8.80 | 109.03 | 1475.0 | 283.79 | -6.65 | -12.75 | 95.61 | 11.54 | -50.58 | 4.39 | -69.26 | 104.75 | 6.32 | -21.88 | 0 |
| 21Q1 (6) | 0.16 | 153.33 | 110.6 | 4.17 | 290.41 | 128.62 | 1.57 | 129.85 | 109.08 | 1.82 | 146.19 | 109.79 | 1.82 | 142.62 | 109.79 | 1.32 | 154.1 | 111.34 | 0.42 | 185.71 | 115.0 | 0.18 | 28.57 | 12.5 | 4.21 | 583.91 | 126.51 | 304.00 | -3.62 | -2.93 | 85.71 | -35.88 | -7.83 | 14.29 | 142.41 | 103.86 | 8.09 | -16.08 | -11.87 |
| 20Q4 (5) | -0.30 | -276.47 | 82.04 | -2.19 | -165.57 | 87.56 | -5.26 | -896.97 | 75.31 | -3.94 | -297.99 | 82.73 | -4.27 | -314.57 | 81.29 | -2.44 | -276.81 | 78.84 | -0.49 | -211.36 | 84.09 | 0.14 | -17.65 | 0.0 | -0.87 | -119.12 | 95.61 | 315.43 | 2.3 | 8.87 | 133.68 | 308.09 | 43.22 | -33.68 | -150.09 | -606.13 | 9.64 | 11.7 | 5.7 |
| 20Q3 (4) | 0.17 | 165.38 | 0.0 | 3.34 | 197.09 | 0.0 | 0.66 | 109.82 | 0.0 | 1.99 | 157.02 | 0.0 | 1.99 | 157.02 | 0.0 | 1.38 | 163.01 | 0.0 | 0.44 | 204.76 | 0.0 | 0.17 | 13.33 | 0.0 | 4.55 | 810.94 | 0.0 | 308.35 | -5.2 | 0.0 | 32.76 | -83.07 | 0.0 | 67.24 | 172.78 | 0.0 | 8.63 | 0 | 0.0 |
| 20Q2 (3) | -0.26 | 82.78 | 0.0 | -3.44 | 76.39 | 0.0 | -6.72 | 61.16 | 0.0 | -3.49 | 81.23 | 0.0 | -3.49 | 81.23 | 0.0 | -2.19 | 81.19 | 0.0 | -0.42 | 85.0 | 0.0 | 0.15 | -6.25 | 0.0 | -0.64 | 95.97 | 0.0 | 325.27 | 3.86 | 0.0 | 193.48 | 108.06 | 0.0 | -92.39 | -1418.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.51 | 9.58 | 0.0 | -14.57 | 17.26 | 0.0 | -17.30 | 18.78 | 0.0 | -18.59 | 18.54 | 0.0 | -18.59 | 18.54 | 0.0 | -11.64 | -0.95 | 0.0 | -2.80 | 9.09 | 0.0 | 0.16 | 14.29 | 0.0 | -15.88 | 19.96 | 0.0 | 313.18 | 8.09 | 0.0 | 92.99 | -0.38 | 0.0 | 7.01 | 5.29 | 0.0 | 9.18 | 0.66 | 0.0 |
| 19Q4 (1) | -1.67 | 0.0 | 0.0 | -17.61 | 0.0 | 0.0 | -21.30 | 0.0 | 0.0 | -22.82 | 0.0 | 0.0 | -22.82 | 0.0 | 0.0 | -11.53 | 0.0 | 0.0 | -3.08 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -19.84 | 0.0 | 0.0 | 289.74 | 0.0 | 0.0 | 93.34 | 0.0 | 0.0 | 6.66 | 0.0 | 0.0 | 9.12 | 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) | -3.22 | 0 | -8.07 | 0 | -10.67 | 0 | 1.73 | 29.55 | -10.51 | 0 | -10.51 | 0 | -21.80 | 0 | -5.98 | 0 | 0.63 | -16.0 | -7.50 | 0 | 261.38 | 28.01 | 101.60 | -20.07 | -1.51 | 0 | 0.08 | 35.55 | 7.96 | 25.95 |
| 2022 (9) | -0.64 | 0 | 0.04 | -99.66 | -2.04 | 0 | 1.33 | 13.25 | -1.60 | 0 | -1.60 | 0 | -3.90 | 0 | -0.78 | 0 | 0.75 | -15.73 | 0.47 | -95.79 | 204.19 | -16.78 | 127.11 | 25.14 | -27.11 | 0 | 0.06 | 65.62 | 6.32 | -16.95 |
| 2021 (8) | 4.53 | 0 | 11.73 | 0 | 9.58 | 0 | 1.18 | -36.24 | 9.43 | 0 | 9.43 | 0 | 31.57 | 0 | 8.79 | 0 | 0.89 | 48.33 | 11.17 | 0 | 245.35 | -22.22 | 101.58 | -13.98 | -1.58 | 0 | 0.03 | -53.18 | 7.61 | -20.48 |
| 2020 (7) | -1.90 | 0 | -4.25 | 0 | -7.18 | 0 | 1.85 | 8.62 | -6.07 | 0 | -6.15 | 0 | -14.75 | 0 | -3.26 | 0 | 0.60 | -9.09 | -3.29 | 0 | 315.43 | 8.87 | 118.09 | 0 | -18.09 | 0 | 0.07 | -22.75 | 9.57 | 8.5 |
| 2019 (6) | 0.04 | 0 | -5.46 | 0 | -8.21 | 0 | 1.70 | 22.22 | 0.39 | 0 | 0.12 | 0 | 0.31 | 0 | 0.48 | 0 | 0.66 | -14.29 | 2.93 | 0 | 289.74 | -3.23 | -2069.39 | 0 | 2169.39 | 62508.53 | 0.10 | -30.0 | 8.82 | 13.51 |
| 2018 (5) | -4.12 | 0 | -7.12 | 0 | -9.36 | 0 | 1.39 | 27.75 | -9.70 | 0 | -9.69 | 0 | -26.45 | 0 | -7.10 | 0 | 0.77 | -20.62 | -7.65 | 0 | 299.40 | 36.66 | 96.53 | 33.28 | 3.47 | -87.62 | 0.14 | 0 | 7.77 | 21.6 |
| 2017 (4) | 0.69 | -52.08 | 2.86 | -51.11 | 0.93 | -71.21 | 1.09 | -32.16 | 1.29 | -69.29 | 1.29 | -66.67 | 4.00 | -54.13 | 1.60 | -47.54 | 0.97 | 42.65 | 2.84 | -56.51 | 219.09 | -0.61 | 72.43 | -5.84 | 27.98 | 21.26 | 0.00 | 0 | 6.39 | -28.84 |
| 2016 (3) | 1.44 | 0 | 5.85 | 0 | 3.23 | 0 | 1.61 | 2.21 | 4.20 | 0 | 3.87 | 0 | 8.72 | 0 | 3.05 | 0 | 0.68 | 1.49 | 6.53 | 0 | 220.43 | -7.94 | 76.92 | -32.06 | 23.08 | 0 | 0.00 | 0 | 8.98 | 19.41 |
| 2015 (2) | -2.66 | 0 | -5.07 | 0 | -7.42 | 0 | 1.57 | 19.86 | -6.55 | 0 | -6.54 | 0 | -15.18 | 0 | -3.98 | 0 | 0.67 | -14.1 | -4.22 | 0 | 239.44 | -4.43 | 113.22 | 1.55 | -13.22 | 0 | 0.00 | 0 | 7.52 | 25.75 |
| 2014 (1) | 1.00 | 0 | 4.25 | 0 | 2.20 | 0 | 1.31 | -17.11 | 1.97 | 0 | 1.79 | 0 | 5.22 | 0 | 1.73 | 0 | 0.78 | 9.86 | 3.82 | 0 | 250.55 | -15.23 | 111.49 | 28.46 | -11.49 | 0 | 0.00 | 0 | 5.98 | -6.12 |
