- 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) | 1.04 | 7.22 | 52.94 | -7.58 | -65.5 | 4.65 | -19.07 | -0.58 | -0.42 | 27.03 | -22.17 | 51.94 | 22.08 | -6.68 | 58.73 | 1.99 | 4.74 | 29.22 | 1.37 | 6.2 | 37.0 | 0.06 | 20.0 | -14.29 | 39.84 | -18.79 | 32.93 | 52.37 | -6.96 | -23.87 | -70.26 | -28.56 | 33.9 | 170.26 | 10.09 | -17.47 | 26.78 | -9.65 | 4.24 |
| 24Q2 (19) | 0.97 | -2.02 | 4750.0 | -4.58 | -121.26 | 24.17 | -18.96 | -29.07 | -15.54 | 34.73 | 24.61 | 1020.32 | 23.66 | 6.87 | 7293.75 | 1.90 | -4.52 | 4650.0 | 1.29 | -3.01 | 1190.0 | 0.05 | -16.67 | -28.57 | 49.06 | 18.47 | 245.98 | 56.29 | -3.99 | -19.61 | -54.65 | -3.79 | 89.64 | 154.65 | 1.6 | -75.36 | 29.64 | 2.38 | 20.15 |
| 24Q1 (18) | 0.99 | -75.85 | 595.0 | -2.07 | 74.22 | 78.19 | -14.69 | 21.9 | 30.54 | 27.87 | -76.98 | 618.03 | 22.14 | -73.68 | 602.04 | 1.99 | -77.15 | 552.27 | 1.33 | -75.28 | 704.55 | 0.06 | 0.0 | 0.0 | 41.41 | -69.0 | 498.41 | 58.63 | -4.06 | -7.87 | -52.65 | -239.72 | -113.55 | 152.21 | 31.68 | 152.32 | 28.95 | 15.38 | -1.86 |
| 23Q4 (17) | 4.10 | 502.94 | 1540.0 | -8.03 | -1.01 | -11371.43 | -18.81 | 0.95 | -94.52 | 121.07 | 580.55 | 1726.09 | 84.13 | 504.82 | 1903.1 | 8.71 | 465.58 | 1428.07 | 5.38 | 438.0 | 1212.2 | 0.06 | -14.29 | -25.0 | 133.56 | 345.65 | 731.63 | 61.11 | -11.16 | -3.08 | -15.50 | 85.42 | 89.37 | 115.59 | -43.97 | -53.24 | 25.09 | -2.34 | 6.18 |
| 23Q3 (16) | 0.68 | 3300.0 | -29.17 | -7.95 | -31.62 | -1403.28 | -18.99 | -15.72 | -149.87 | 17.79 | 473.87 | 2.18 | 13.91 | 4246.88 | -4.2 | 1.54 | 3750.0 | -30.32 | 1.00 | 900.0 | -26.47 | 0.07 | 0.0 | -22.22 | 29.97 | 111.35 | 16.12 | 68.79 | -1.76 | 4.97 | -106.29 | 79.85 | -142.62 | 206.29 | -67.13 | 43.92 | 25.69 | 4.13 | 18.88 |
| 23Q2 (15) | 0.02 | 110.0 | -97.18 | -6.04 | 36.35 | -193.5 | -16.41 | 22.41 | -882.63 | 3.10 | 157.62 | -73.18 | 0.32 | 107.26 | -96.51 | 0.04 | 109.09 | -97.53 | 0.10 | 145.45 | -89.8 | 0.07 | 16.67 | -30.0 | 14.18 | 104.91 | -24.57 | 70.02 | 10.03 | -5.13 | -527.59 | -235.75 | -3616.04 | 627.59 | 315.73 | 446.61 | 24.67 | -16.37 | 22.92 |
| 23Q1 (14) | -0.20 | -180.0 | -122.47 | -9.49 | -13457.14 | -262.22 | -21.15 | -118.72 | -1019.05 | -5.38 | -181.15 | -137.83 | -4.41 | -205.0 | -139.27 | -0.44 | -177.19 | -121.46 | -0.22 | -153.66 | -118.33 | 0.06 | -25.0 | -40.0 | 6.92 | -56.91 | -67.36 | 63.64 | 0.94 | -18.17 | 388.64 | 366.49 | 3036.36 | -290.91 | -217.67 | -356.91 | 29.50 | 24.84 | 41.9 |
| 22Q4 (13) | 0.25 | -73.96 | -68.75 | -0.07 | -111.48 | -101.01 | -9.67 | -27.24 | -1065.06 | 6.63 | -61.92 | -45.83 | 4.20 | -71.07 | -58.33 | 0.57 | -74.21 | -70.31 | 0.41 | -69.85 | -63.72 | 0.08 | -11.11 | -27.27 | 16.06 | -37.78 | -15.12 | 63.05 | -3.78 | -20.94 | -145.83 | -232.88 | -2051.04 | 247.22 | 72.48 | 131.53 | 23.63 | 9.35 | 18.03 |
| 22Q3 (12) | 0.96 | 35.21 | 1.05 | 0.61 | -90.56 | -93.94 | -7.60 | -355.09 | -398.04 | 17.41 | 50.61 | 17.08 | 14.52 | 58.34 | 23.89 | 2.21 | 36.42 | -3.49 | 1.36 | 38.78 | 0.0 | 0.09 | -10.0 | -18.18 | 25.81 | 37.29 | 21.57 | 65.53 | -11.22 | -14.28 | -43.81 | -208.57 | -352.48 | 143.33 | 24.84 | 72.47 | 21.61 | 7.67 | 14.04 |
| 22Q2 (11) | 0.71 | -20.22 | 18.33 | 6.46 | 10.43 | -27.98 | -1.67 | 11.64 | -421.15 | 11.56 | -18.71 | 22.07 | 9.17 | -18.34 | 4.92 | 1.62 | -20.98 | 11.72 | 0.98 | -18.33 | 10.11 | 0.10 | 0.0 | 0.0 | 18.80 | -11.32 | 10.65 | 73.81 | -5.09 | 1.28 | -14.20 | -7.27 | -341.36 | 114.81 | 1.39 | 21.99 | 20.07 | -3.46 | -9.8 |
| 22Q1 (10) | 0.89 | 11.25 | 53.45 | 5.85 | -15.71 | -14.6 | -1.89 | -127.71 | 2.58 | 14.22 | 16.18 | 23.54 | 11.23 | 11.41 | 25.33 | 2.05 | 6.77 | 45.39 | 1.20 | 6.19 | 37.93 | 0.10 | -9.09 | 11.11 | 21.20 | 12.05 | 8.66 | 77.77 | -2.48 | 8.6 | -13.24 | -95.22 | 22.31 | 113.24 | 6.05 | -3.25 | 20.79 | 3.85 | -13.16 |
| 21Q4 (9) | 0.80 | -15.79 | 48.15 | 6.94 | -31.08 | 58.81 | -0.83 | -132.55 | 77.26 | 12.24 | -17.69 | 18.95 | 10.08 | -13.99 | 17.07 | 1.92 | -16.16 | 34.27 | 1.13 | -16.91 | 28.41 | 0.11 | 0.0 | 10.0 | 18.92 | -10.88 | 4.76 | 79.75 | 4.32 | 12.24 | -6.78 | -139.07 | 80.89 | 106.78 | 28.49 | -21.19 | 20.02 | 5.65 | -12.5 |
| 21Q3 (8) | 0.95 | 58.33 | 55.74 | 10.07 | 12.26 | 1479.45 | 2.55 | 390.38 | 128.05 | 14.87 | 57.02 | 962.14 | 11.72 | 34.1 | 18.26 | 2.29 | 57.93 | 40.49 | 1.36 | 52.81 | 40.21 | 0.11 | 10.0 | 22.22 | 21.23 | 24.96 | 124.66 | 76.45 | 4.9 | 1.81 | 17.35 | 194.98 | 102.59 | 83.11 | -11.7 | -89.19 | 18.95 | -14.83 | -15.36 |
| 21Q2 (7) | 0.60 | 3.45 | 5.26 | 8.97 | 30.95 | 24.76 | 0.52 | 126.8 | 196.3 | 9.47 | -17.72 | -19.47 | 8.74 | -2.46 | -0.11 | 1.45 | 2.84 | -9.38 | 0.89 | 2.3 | -8.25 | 0.10 | 11.11 | -9.09 | 16.99 | -12.92 | -10.63 | 72.88 | 1.77 | -3.42 | 5.88 | 134.53 | 229.41 | 94.12 | -19.58 | -9.97 | 22.25 | -7.06 | 0 |
| 21Q1 (6) | 0.58 | 7.41 | 48.72 | 6.85 | 56.75 | 43.91 | -1.94 | 46.85 | 55.2 | 11.51 | 11.86 | 31.09 | 8.96 | 4.07 | 23.76 | 1.41 | -1.4 | 28.18 | 0.87 | -1.14 | 26.09 | 0.09 | -10.0 | 0.0 | 19.51 | 8.03 | 10.6 | 71.61 | 0.79 | 0.99 | -17.04 | 51.99 | 65.2 | 117.04 | -13.62 | -21.43 | 23.94 | 4.63 | -6.37 |
| 20Q4 (5) | 0.54 | -11.48 | 31.71 | 4.37 | 698.63 | -26.18 | -3.65 | 59.85 | -66.67 | 10.29 | 635.0 | 16.93 | 8.61 | -13.12 | 27.74 | 1.43 | -12.27 | 17.21 | 0.88 | -9.28 | 17.33 | 0.10 | 11.11 | 0.0 | 18.06 | 91.11 | 11.34 | 71.05 | -5.38 | 0.91 | -35.48 | 94.69 | -40.71 | 135.48 | -82.38 | 8.96 | 22.88 | 2.19 | -0.91 |
| 20Q3 (4) | 0.61 | 7.02 | 0.0 | -0.73 | -110.15 | 0.0 | -9.09 | -1583.33 | 0.0 | 1.40 | -88.1 | 0.0 | 9.91 | 13.26 | 0.0 | 1.63 | 1.87 | 0.0 | 0.97 | 0.0 | 0.0 | 0.09 | -18.18 | 0.0 | 9.45 | -50.29 | 0.0 | 75.09 | -0.49 | 0.0 | -668.75 | -14612.5 | 0.0 | 768.75 | 635.33 | 0.0 | 22.39 | 0 | 0.0 |
| 20Q2 (3) | 0.57 | 46.15 | 0.0 | 7.19 | 51.05 | 0.0 | -0.54 | 87.53 | 0.0 | 11.76 | 33.94 | 0.0 | 8.75 | 20.86 | 0.0 | 1.60 | 45.45 | 0.0 | 0.97 | 40.58 | 0.0 | 0.11 | 22.22 | 0.0 | 19.01 | 7.77 | 0.0 | 75.46 | 6.42 | 0.0 | -4.55 | 90.72 | 0.0 | 104.55 | -29.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.39 | -4.88 | 0.0 | 4.76 | -19.59 | 0.0 | -4.33 | -97.72 | 0.0 | 8.78 | -0.23 | 0.0 | 7.24 | 7.42 | 0.0 | 1.10 | -9.84 | 0.0 | 0.69 | -8.0 | 0.0 | 0.09 | -10.0 | 0.0 | 17.64 | 8.75 | 0.0 | 70.91 | 0.71 | 0.0 | -48.96 | -94.15 | 0.0 | 148.96 | 19.79 | 0.0 | 25.57 | 10.74 | 0.0 |
| 19Q4 (1) | 0.41 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | -2.19 | 0.0 | 0.0 | 8.80 | 0.0 | 0.0 | 6.74 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 16.22 | 0.0 | 0.0 | 70.41 | 0.0 | 0.0 | -25.22 | 0.0 | 0.0 | 124.35 | 0.0 | 0.0 | 23.09 | 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) | 4.61 | 64.06 | -7.82 | 0 | -18.76 | 0 | 10.41 | 46.79 | 34.56 | 173.63 | 23.77 | 138.89 | 9.87 | 52.08 | 6.40 | 59.2 | 0.26 | -31.58 | 46.59 | 126.72 | 61.11 | -3.08 | -54.32 | 0 | 154.32 | 11.61 | 0.01 | -8.39 | 26.14 | 22.21 |
| 2022 (9) | 2.81 | -4.42 | 3.53 | -57.26 | -4.82 | 0 | 7.09 | 11.58 | 12.63 | 3.87 | 9.95 | -0.2 | 6.49 | -8.59 | 4.02 | -5.19 | 0.38 | -7.32 | 20.55 | 6.86 | 63.05 | -20.94 | -38.27 | 0 | 138.27 | 40.21 | 0.02 | 110.55 | 21.39 | 1.33 |
| 2021 (8) | 2.94 | 37.38 | 8.26 | 107.54 | 0.18 | 0 | 6.36 | -11.08 | 12.16 | 48.84 | 9.97 | 15.26 | 7.10 | 25.22 | 4.24 | 20.8 | 0.41 | 7.89 | 19.23 | 19.37 | 79.75 | 12.24 | 1.38 | 0 | 98.62 | -35.3 | 0.01 | -77.23 | 21.11 | -8.58 |
| 2020 (7) | 2.14 | -16.08 | 3.98 | -40.69 | -4.29 | 0 | 7.15 | 2.56 | 8.17 | -35.87 | 8.65 | -19.91 | 5.67 | -25.49 | 3.51 | -25.16 | 0.38 | -9.52 | 16.11 | -21.45 | 71.05 | 0.91 | -52.43 | 0 | 152.43 | 33.68 | 0.03 | -56.26 | 23.09 | -2.66 |
| 2019 (6) | 2.55 | 90.3 | 6.71 | -9.2 | -1.79 | 0 | 6.97 | 13.9 | 12.74 | 50.41 | 10.80 | 98.53 | 7.61 | 81.19 | 4.69 | 73.7 | 0.42 | -8.7 | 20.51 | 35.38 | 70.41 | 2.38 | -14.02 | 0 | 114.02 | -2.98 | 0.07 | -55.75 | 23.72 | 1.93 |
| 2018 (5) | 1.34 | 0 | 7.39 | 3.94 | -1.49 | 0 | 6.12 | 0.92 | 8.47 | 5950.0 | 5.44 | 0 | 4.20 | 0 | 2.70 | 2354.55 | 0.46 | 4.55 | 15.15 | 122.47 | 68.77 | 6.16 | -17.52 | 0 | 117.52 | -79.56 | 0.16 | 0 | 23.27 | 0.56 |
| 2017 (4) | -0.03 | 0 | 7.11 | -26.55 | -0.72 | 0 | 6.06 | -11.05 | 0.14 | -84.09 | -0.16 | 0 | -0.11 | 0 | 0.11 | -78.85 | 0.44 | 25.71 | 6.81 | -18.64 | 64.78 | 5.99 | -487.50 | 0 | 575.00 | 0 | 0.00 | 0 | 23.14 | -7.44 |
| 2016 (3) | 0.17 | -98.87 | 9.68 | -14.11 | 1.18 | -64.02 | 6.82 | 23.17 | 0.88 | -99.11 | 0.96 | -98.75 | 0.52 | -99.09 | 0.52 | -98.52 | 0.35 | -23.91 | 8.37 | -92.0 | 61.12 | 27.1 | 134.88 | 3949.18 | -34.88 | 0 | 0.00 | 0 | 25.00 | 13.79 |
| 2015 (2) | 15.03 | 1206.96 | 11.27 | -8.82 | 3.28 | -28.54 | 5.53 | 19.66 | 98.42 | 1620.63 | 76.73 | 1443.86 | 56.97 | 875.51 | 35.25 | 921.74 | 0.46 | -28.12 | 104.59 | 850.82 | 48.09 | -44.1 | 3.33 | -95.85 | 96.67 | 388.0 | 0.00 | 0 | 21.97 | 18.05 |
| 2014 (1) | 1.15 | 32.18 | 12.36 | 0 | 4.59 | 0 | 4.62 | -17.97 | 5.72 | 0 | 4.97 | 0 | 5.84 | 0 | 3.45 | 0 | 0.64 | 14.29 | 11.00 | -6.38 | 86.03 | 6.42 | 80.19 | 125.62 | 19.81 | -69.27 | 0.00 | 0 | 18.61 | -13.36 |
