- 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) | -0.66 | -151.56 | 31.96 | 21.20 | -5.15 | -5.9 | -4.44 | 38.16 | -377.42 | -37.71 | -147.48 | 29.78 | -38.13 | -148.16 | 29.47 | -3.82 | -152.11 | 33.45 | -2.61 | -148.07 | 39.16 | 0.07 | 0.0 | -12.5 | -29.64 | -133.75 | 35.55 | 44.23 | 13.56 | 40.23 | 11.82 | 230.41 | 594.21 | 88.18 | -19.15 | -10.21 | 13.32 | -18.83 | 6.14 |
| 24Q2 (19) | 1.28 | 612.0 | 0.79 | 22.35 | -0.04 | -2.57 | -7.18 | -106.92 | -1.27 | 79.43 | 655.07 | 0.65 | 79.18 | 633.2 | -0.21 | 7.33 | 602.05 | -4.81 | 5.43 | 648.48 | -7.34 | 0.07 | 0.0 | 0.0 | 87.81 | 1530.13 | 0.18 | 38.95 | 9.56 | 24.68 | -9.06 | -137.25 | -0.65 | 109.06 | 44.14 | 0.05 | 16.41 | 14.36 | -1.2 |
| 24Q1 (18) | -0.25 | -136.76 | -140.32 | 22.36 | -7.03 | 10.53 | -3.47 | 11.25 | 52.66 | -14.31 | -134.98 | -136.49 | -14.85 | -138.4 | -138.0 | -1.46 | -136.41 | -137.15 | -0.99 | -132.04 | -133.56 | 0.07 | -12.5 | 0.0 | -6.14 | -112.52 | -112.7 | 35.55 | 0.23 | 0.82 | 24.33 | 353.73 | 230.1 | 75.67 | -30.96 | -36.26 | 14.35 | -6.45 | -17.1 |
| 23Q4 (17) | 0.68 | 170.1 | 855.56 | 24.05 | 6.75 | 48.55 | -3.91 | -320.43 | 69.95 | 40.91 | 176.18 | 14006.9 | 38.67 | 171.53 | 801.81 | 4.01 | 169.86 | 757.38 | 3.09 | 172.03 | 958.33 | 0.08 | 0.0 | 0.0 | 49.06 | 206.68 | 337.25 | 35.47 | 12.46 | -8.65 | -9.59 | -663.19 | 99.8 | 109.59 | 11.6 | -97.8 | 15.34 | 22.23 | -6.63 |
| 23Q3 (16) | -0.97 | -176.38 | -288.0 | 22.53 | -1.79 | -2.09 | -0.93 | 86.88 | 62.65 | -53.70 | -168.04 | -289.7 | -54.06 | -168.13 | -265.02 | -5.74 | -174.55 | -254.32 | -4.29 | -173.21 | -279.65 | 0.08 | 14.29 | 0.0 | -45.99 | -152.47 | -840.49 | 31.54 | 0.96 | -24.46 | 1.70 | 118.91 | -90.51 | 98.20 | -9.91 | 19.67 | 12.55 | -24.44 | -19.71 |
| 23Q2 (15) | 1.27 | 104.84 | 364.58 | 22.94 | 13.4 | 20.29 | -7.09 | 3.27 | 8.99 | 78.92 | 101.22 | 369.54 | 79.35 | 103.05 | 367.17 | 7.70 | 95.93 | 350.81 | 5.86 | 98.64 | 355.9 | 0.07 | 0.0 | -12.5 | 87.65 | 81.36 | 540.45 | 31.24 | -11.4 | -5.25 | -9.01 | 51.85 | -133.87 | 109.01 | -8.17 | 48.5 | 16.61 | -4.04 | 2.98 |
| 23Q1 (14) | 0.62 | 788.89 | 616.67 | 20.23 | 24.95 | 12.64 | -7.33 | 43.66 | -61.1 | 39.22 | 13424.14 | 711.86 | 39.08 | 809.26 | 664.74 | 3.93 | 744.26 | 610.39 | 2.95 | 919.44 | 636.36 | 0.07 | -12.5 | -12.5 | 48.33 | 330.75 | 1880.74 | 35.26 | -9.19 | 15.99 | -18.70 | 99.62 | -126.35 | 118.70 | -97.62 | 309.22 | 17.31 | 5.36 | 21.13 |
| 22Q4 (13) | -0.09 | 64.0 | -164.29 | 16.19 | -29.64 | -30.03 | -13.01 | -422.49 | -2343.1 | 0.29 | 102.1 | -96.64 | -5.51 | 62.8 | -184.77 | -0.61 | 62.35 | -174.39 | -0.36 | 68.14 | -154.55 | 0.08 | 0.0 | -11.11 | 11.22 | 329.45 | -34.19 | 38.83 | -6.99 | 25.38 | -4860.00 | -27191.91 | -69528.57 | 4980.00 | 5968.65 | 5226.2 | 16.43 | 5.12 | 0.61 |
| 22Q3 (12) | -0.25 | 47.92 | -159.52 | 23.01 | 20.66 | 8.33 | -2.49 | 68.04 | -27.69 | -13.78 | 52.94 | -154.57 | -14.81 | 50.13 | -169.27 | -1.62 | 47.23 | -162.79 | -1.13 | 50.66 | -157.95 | 0.08 | 0.0 | -11.11 | -4.89 | 75.43 | -114.29 | 41.75 | 26.63 | 10.6 | 17.94 | -32.54 | 329.94 | 82.06 | 11.79 | -23.88 | 15.63 | -3.1 | 22.78 |
| 22Q2 (11) | -0.48 | -300.0 | -92.0 | 19.07 | 6.18 | -18.57 | -7.79 | -71.21 | -75.45 | -29.28 | -356.79 | -91.87 | -29.70 | -329.19 | -94.5 | -3.07 | -298.7 | -94.3 | -2.29 | -316.36 | -99.13 | 0.08 | 0.0 | 0.0 | -19.90 | -915.57 | -386.55 | 32.97 | 8.45 | 0.27 | 26.59 | -62.54 | -8.91 | 73.41 | 153.06 | 3.18 | 16.13 | 12.88 | 11.7 |
| 22Q1 (10) | -0.12 | -185.71 | 29.41 | 17.96 | -22.39 | -25.2 | -4.55 | -884.48 | -684.48 | -6.41 | -174.28 | 25.03 | -6.92 | -206.46 | 23.54 | -0.77 | -193.9 | 25.96 | -0.55 | -183.33 | 27.63 | 0.08 | -11.11 | -11.11 | 2.44 | -85.69 | 84.85 | 30.40 | -1.84 | -2.19 | 70.99 | 914.18 | 926.66 | 29.01 | -68.98 | -68.84 | 14.29 | -12.49 | 15.33 |
| 21Q4 (9) | 0.14 | -66.67 | -74.55 | 23.14 | 8.95 | -22.11 | 0.58 | 129.74 | -87.63 | 8.63 | -65.82 | -68.14 | 6.50 | -69.6 | -75.08 | 0.82 | -68.22 | -75.45 | 0.66 | -66.15 | -74.42 | 0.09 | 0.0 | -10.0 | 17.05 | -50.19 | -53.78 | 30.97 | -17.96 | 9.13 | 7.00 | 189.73 | -59.47 | 93.50 | -13.27 | 13.02 | 16.33 | 28.28 | 34.18 |
| 21Q3 (8) | 0.42 | 268.0 | 240.0 | 21.24 | -9.31 | 0.33 | -1.95 | 56.08 | 17.72 | 25.25 | 265.47 | 281.26 | 21.38 | 240.01 | 242.53 | 2.58 | 263.29 | 237.23 | 1.95 | 269.57 | 243.38 | 0.09 | 12.5 | 0.0 | 34.23 | 936.92 | 926.81 | 37.75 | 14.81 | 13.26 | -7.80 | -126.72 | -145.97 | 107.80 | 51.53 | 29.83 | 12.73 | -11.84 | 20.78 |
| 21Q2 (7) | -0.25 | -47.06 | -125.77 | 23.42 | -2.46 | 47.85 | -4.44 | -665.52 | 59.56 | -15.26 | -78.48 | -124.44 | -15.27 | -68.73 | -125.52 | -1.58 | -51.92 | -125.57 | -1.15 | -51.32 | -125.05 | 0.08 | -11.11 | 0.0 | -4.09 | -409.85 | -105.5 | 32.88 | 5.79 | -4.86 | 29.19 | 322.2 | 266.17 | 71.14 | -23.57 | -39.49 | 14.44 | 16.55 | -31.95 |
| 21Q1 (6) | -0.17 | -130.91 | 84.82 | 24.01 | -19.19 | 35.65 | -0.58 | -112.37 | 80.2 | -8.55 | -131.56 | 82.46 | -9.05 | -134.7 | 81.5 | -1.04 | -131.14 | 84.99 | -0.76 | -129.46 | 85.21 | 0.09 | -10.0 | -18.18 | 1.32 | -96.42 | 103.33 | 31.08 | 9.51 | -16.7 | 6.91 | -59.97 | 15.34 | 93.09 | 12.52 | -0.98 | 12.39 | 1.81 | 0 |
| 20Q4 (5) | 0.55 | 283.33 | 685.71 | 29.71 | 40.34 | 547.28 | 4.69 | 297.89 | 134.64 | 27.09 | 294.47 | 357.6 | 26.08 | 273.87 | 643.02 | 3.34 | 277.66 | 568.0 | 2.58 | 289.71 | 500.0 | 0.10 | 11.11 | 66.67 | 36.89 | 991.06 | 41.23 | 28.38 | -14.85 | -6.43 | 17.27 | 1.79 | 107.55 | 82.73 | -0.36 | -74.85 | 12.17 | 15.46 | -41.6 |
| 20Q3 (4) | -0.30 | -130.93 | 0.0 | 21.17 | 33.65 | 0.0 | -2.37 | 78.42 | 0.0 | -13.93 | -122.31 | 0.0 | -15.00 | -125.07 | 0.0 | -1.88 | -130.42 | 0.0 | -1.36 | -129.63 | 0.0 | 0.09 | 12.5 | 0.0 | -4.14 | -105.57 | 0.0 | 33.33 | -3.56 | 0.0 | 16.97 | 196.59 | 0.0 | 83.03 | -29.38 | 0.0 | 10.54 | -50.33 | 0.0 |
| 20Q2 (3) | 0.97 | 186.61 | 0.0 | 15.84 | -10.51 | 0.0 | -10.98 | -274.74 | 0.0 | 62.43 | 228.06 | 0.0 | 59.83 | 222.3 | 0.0 | 6.18 | 189.18 | 0.0 | 4.59 | 189.3 | 0.0 | 0.08 | -27.27 | 0.0 | 74.36 | 287.64 | 0.0 | 34.56 | -7.37 | 0.0 | -17.57 | -393.04 | 0.0 | 117.57 | 25.07 | 0.0 | 21.22 | 0 | 0.0 |
| 20Q1 (2) | -1.12 | -1700.0 | 0.0 | 17.70 | 285.62 | 0.0 | -2.93 | 78.36 | 0.0 | -48.75 | -923.48 | 0.0 | -48.92 | -1493.73 | 0.0 | -6.93 | -1486.0 | 0.0 | -5.14 | -1295.35 | 0.0 | 0.11 | 83.33 | 0.0 | -39.63 | -251.72 | 0.0 | 37.31 | 23.01 | 0.0 | 6.00 | 102.62 | 0.0 | 94.00 | -71.42 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | 4.59 | 0.0 | 0.0 | -13.54 | 0.0 | 0.0 | 5.92 | 0.0 | 0.0 | 3.51 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 26.12 | 0.0 | 0.0 | 30.33 | 0.0 | 0.0 | -228.89 | 0.0 | 0.0 | 328.89 | 0.0 | 0.0 | 20.84 | 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) | 1.61 | 0 | 22.48 | 18.01 | -4.68 | 0 | 6.27 | -16.99 | 24.43 | 0 | 23.82 | 0 | 9.86 | 0 | 7.51 | 0 | 0.30 | -6.25 | 32.83 | 0 | 35.47 | -8.65 | -19.18 | 0 | 119.18 | 174.08 | 0.18 | -29.23 | 15.36 | -1.48 |
| 2022 (9) | -0.95 | 0 | 19.05 | -16.92 | -6.89 | 0 | 7.55 | -2.07 | -12.17 | 0 | -14.08 | 0 | -6.13 | 0 | -4.34 | 0 | 0.32 | -11.11 | -2.69 | 0 | 38.83 | 25.38 | 56.62 | 0 | 43.48 | -70.37 | 0.26 | -43.31 | 15.59 | 11.44 |
| 2021 (8) | 0.14 | 40.0 | 22.93 | 7.6 | -1.49 | 0 | 7.71 | -7.87 | 3.19 | 30.74 | 1.51 | 13.53 | 0.69 | 7.81 | 0.72 | 10.77 | 0.36 | -2.7 | 12.74 | 2.17 | 30.97 | 9.13 | -46.76 | 0 | 146.76 | -26.78 | 0.46 | -22.45 | 13.99 | -3.25 |
| 2020 (7) | 0.10 | -50.0 | 21.31 | 34.19 | -2.46 | 0 | 8.37 | -48.54 | 2.44 | -19.47 | 1.33 | -44.12 | 0.64 | -40.74 | 0.65 | -32.99 | 0.37 | 32.14 | 12.47 | -40.87 | 28.38 | -6.43 | -100.43 | 0 | 200.43 | 39.72 | 0.59 | -17.1 | 14.46 | -17.84 |
| 2019 (6) | 0.20 | -16.67 | 15.88 | 122.1 | -1.33 | 0 | 16.27 | 9.2 | 3.03 | -47.85 | 2.38 | -51.03 | 1.08 | -50.23 | 0.97 | -49.74 | 0.28 | -17.65 | 21.09 | -10.52 | 30.33 | 0.8 | -43.93 | 0 | 143.46 | -35.42 | 0.71 | 103.72 | 17.60 | 4.08 |
| 2018 (5) | 0.24 | 0 | 7.15 | 1154.39 | -7.10 | 0 | 14.90 | -10.57 | 5.81 | 0 | 4.86 | 0 | 2.17 | 0 | 1.93 | 0 | 0.34 | 3.03 | 23.57 | 119.46 | 30.09 | -7.27 | -122.13 | 0 | 222.13 | 0 | 0.35 | -46.48 | 16.91 | -5.0 |
| 2017 (4) | -0.61 | 0 | 0.57 | -75.32 | -14.51 | 0 | 16.66 | -16.67 | -10.73 | 0 | -12.31 | 0 | -5.53 | 0 | -3.69 | 0 | 0.33 | -5.71 | 10.74 | 100.0 | 32.45 | -15.03 | 135.34 | 62.04 | -35.34 | 0 | 0.66 | 0 | 17.80 | 11.39 |
| 2016 (3) | -1.17 | 0 | 2.31 | 62.68 | -15.76 | 0 | 19.99 | -20.72 | -18.88 | 0 | -20.10 | 0 | -9.72 | 0 | -6.46 | 0 | 0.35 | 0.0 | 5.37 | -28.78 | 38.19 | -2.28 | 83.52 | 33.54 | 16.48 | -56.0 | 0.00 | 0 | 15.98 | 1.52 |
| 2015 (2) | -1.31 | 0 | 1.42 | -44.53 | -13.24 | 0 | 25.21 | 6.95 | -21.17 | 0 | -22.34 | 0 | -10.97 | 0 | -7.26 | 0 | 0.35 | -12.5 | 7.54 | -53.91 | 39.08 | -4.64 | 62.54 | -33.95 | 37.46 | 605.25 | 0.00 | 0 | 15.74 | 11.71 |
| 2014 (1) | -0.67 | 0 | 2.56 | 0 | -9.61 | 0 | 23.57 | -10.81 | -10.15 | 0 | -10.72 | 0 | -5.98 | 0 | -3.67 | 0 | 0.40 | 14.29 | 16.36 | 103.74 | 40.98 | 3.38 | 94.69 | 26.69 | 5.31 | -79.0 | 0.00 | 0 | 14.09 | -6.81 |
