- 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) | 3.10 | 915.79 | 1191.67 | 17.58 | 125.1 | -8.15 | 60.23 | 1247.24 | 1714.16 | 60.03 | 1022.12 | 770.0 | 56.66 | 841.62 | 853.87 | 10.63 | 781.41 | 942.16 | 5.03 | 982.46 | 698.41 | 0.09 | 0.0 | 12.5 | 66.82 | 47828.57 | 374.57 | 110.80 | -11.77 | 10.3 | 100.33 | 24.32 | 108.03 | -0.33 | -101.71 | -100.64 | 15.47 | 7.06 | -1.53 |
| 24Q2 (19) | -0.38 | -235.71 | -252.0 | 7.81 | -59.47 | -59.62 | -5.25 | -234.27 | -181.78 | -6.51 | -202.36 | -190.29 | -7.64 | -237.66 | -225.04 | -1.56 | -265.96 | -226.83 | -0.57 | -200.0 | -177.03 | 0.09 | 12.5 | -10.0 | -0.14 | -101.03 | -101.04 | 125.58 | 7.79 | 21.36 | 80.70 | 31.45 | -9.33 | 19.30 | -49.83 | 77.19 | 14.45 | -10.02 | 4.41 |
| 24Q1 (18) | 0.28 | -37.78 | 40.0 | 19.27 | 117.0 | 5.7 | 3.91 | 206.54 | -20.85 | 6.36 | 21300.0 | 63.08 | 5.55 | -12.87 | 52.47 | 0.94 | -32.37 | 51.61 | 0.57 | -29.63 | 32.56 | 0.08 | -27.27 | 0.0 | 13.60 | 143.73 | 23.52 | 116.50 | 6.8 | 14.33 | 61.39 | -99.42 | -51.56 | 38.46 | 100.36 | 243.9 | 16.06 | 24.4 | 3.41 |
| 23Q4 (17) | 0.45 | 87.5 | 246.15 | 8.88 | -53.61 | -32.78 | -3.67 | -210.54 | -447.76 | -0.03 | -100.43 | -112.0 | 6.37 | 7.24 | 524.51 | 1.39 | 36.27 | 531.82 | 0.81 | 28.57 | 224.0 | 0.11 | 37.5 | 0.0 | 5.58 | -60.37 | -17.46 | 109.08 | 8.59 | 2.92 | 10660.00 | 22003.41 | 4066.51 | -10580.00 | -20535.7 | -2993.68 | 12.91 | -17.82 | -11.88 |
| 23Q3 (16) | 0.24 | -4.0 | -93.08 | 19.14 | -1.03 | -10.23 | 3.32 | -48.29 | 121.64 | 6.90 | -4.3 | -93.07 | 5.94 | -2.78 | -94.02 | 1.02 | -17.07 | -94.39 | 0.63 | -14.86 | -90.68 | 0.08 | -20.0 | 33.33 | 14.08 | 4.76 | -87.48 | 100.45 | -2.93 | -1.65 | 48.23 | -45.81 | 413.0 | 51.77 | 375.41 | -55.15 | 15.71 | 13.51 | -12.04 |
| 23Q2 (15) | 0.25 | 25.0 | 31.58 | 19.34 | 6.09 | -29.29 | 6.42 | 29.96 | -27.87 | 7.21 | 84.87 | 3905.56 | 6.11 | 67.86 | 794.32 | 1.23 | 98.39 | 634.78 | 0.74 | 72.09 | 117.65 | 0.10 | 25.0 | 66.67 | 13.44 | 22.07 | -13.57 | 103.48 | 1.55 | -69.95 | 89.01 | -29.77 | -98.24 | 10.89 | 140.74 | 100.22 | 13.84 | -10.88 | -15.76 |
| 23Q1 (14) | 0.20 | 53.85 | -9.09 | 18.23 | 38.0 | -36.24 | 4.94 | 837.31 | -57.19 | 3.90 | 1460.0 | 1214.29 | 3.64 | 256.86 | 677.78 | 0.62 | 181.82 | 426.32 | 0.43 | 72.0 | 22.86 | 0.08 | -27.27 | 14.29 | 11.01 | 62.87 | -18.5 | 101.90 | -3.86 | -70.71 | 126.73 | 147.15 | 103.87 | -26.73 | -107.31 | -100.79 | 15.53 | 6.01 | 3.95 |
| 22Q4 (13) | 0.13 | -96.25 | -87.38 | 13.21 | -38.04 | -45.03 | -0.67 | 95.63 | 48.46 | 0.25 | -99.75 | -99.11 | 1.02 | -98.97 | -96.54 | 0.22 | -98.79 | -97.61 | 0.25 | -96.3 | -89.75 | 0.11 | 83.33 | 57.14 | 6.76 | -93.99 | -84.23 | 105.99 | 3.77 | -68.69 | -268.75 | -1644.21 | -5752.17 | 365.62 | 216.77 | 249.57 | 14.65 | -17.97 | -13.06 |
| 22Q3 (12) | 3.47 | 1726.32 | 984.38 | 21.32 | -22.05 | -12.44 | -15.34 | -272.36 | -349.43 | 99.57 | 55216.67 | 2316.75 | 99.36 | 11390.91 | 2746.99 | 18.17 | 8000.0 | 1389.34 | 6.76 | 1888.24 | 724.39 | 0.06 | 0.0 | -14.29 | 112.48 | 623.34 | 465.79 | 102.14 | -70.34 | -72.18 | -15.41 | -100.3 | -110.31 | 115.42 | 102.33 | 335.09 | 17.86 | 8.7 | 28.58 |
| 22Q2 (11) | 0.19 | -13.64 | -45.71 | 27.35 | -4.34 | 2.2 | 8.90 | -22.88 | 50.08 | 0.18 | 151.43 | -98.14 | -0.88 | -39.68 | -110.56 | -0.23 | -21.05 | -108.58 | 0.34 | -2.86 | -66.99 | 0.06 | -14.29 | -14.29 | 15.55 | 15.1 | -40.83 | 344.40 | -1.0 | -8.44 | 5058.33 | 254.5 | 8161.56 | -4958.33 | -246.95 | -12888.22 | 16.43 | 9.97 | 2.56 |
| 22Q1 (10) | 0.22 | -78.64 | 269.23 | 28.59 | 18.98 | 27.86 | 11.54 | 987.69 | 2455.1 | -0.35 | -101.24 | 95.66 | -0.63 | -102.14 | 92.57 | -0.19 | -102.07 | 92.02 | 0.35 | -85.66 | 450.0 | 0.07 | 0.0 | 16.67 | 13.51 | -68.49 | 44.8 | 347.88 | 2.77 | -7.02 | -3274.07 | -71194.63 | -54326.85 | 3374.07 | 3125.93 | 3490.88 | 14.94 | -11.34 | -14.73 |
| 21Q4 (9) | 1.03 | 221.88 | 323.91 | 24.03 | -1.31 | 61.49 | -1.30 | -121.14 | 88.57 | 28.21 | 584.71 | 157.08 | 29.45 | 743.84 | 159.99 | 9.20 | 654.1 | 161.74 | 2.44 | 197.56 | 181.06 | 0.07 | 0.0 | 0.0 | 42.87 | 115.64 | 226.27 | 338.51 | -7.79 | -6.93 | -4.59 | -103.07 | -119.96 | 104.59 | 313.03 | 35.85 | 16.85 | 21.31 | 9.13 |
| 21Q3 (8) | 0.32 | -8.57 | 500.0 | 24.35 | -9.01 | 63.2 | 6.15 | 3.71 | 170.85 | 4.12 | -57.44 | 148.47 | 3.49 | -58.1 | 139.61 | 1.22 | -54.48 | 147.66 | 0.82 | -20.39 | 1125.0 | 0.07 | 0.0 | 0.0 | 19.88 | -24.35 | 111.26 | 367.12 | -2.4 | 13.49 | 149.40 | 144.0 | 46.37 | -49.10 | -226.63 | -2271.73 | 13.89 | -13.3 | -11.02 |
| 21Q2 (7) | 0.35 | 369.23 | 537.5 | 26.76 | 19.68 | 23.72 | 5.93 | 1310.2 | 296.36 | 9.68 | 219.95 | 250.78 | 8.33 | 198.23 | 213.8 | 2.68 | 212.61 | 224.07 | 1.03 | 1130.0 | 212.12 | 0.07 | 16.67 | 0.0 | 26.28 | 181.67 | 51.56 | 376.13 | 0.53 | 9.22 | 61.23 | 914.08 | 30.41 | 38.77 | -58.74 | -26.91 | 16.02 | -8.56 | 0 |
| 21Q1 (6) | -0.13 | 71.74 | -186.67 | 22.36 | 50.27 | -17.19 | -0.49 | 95.69 | -110.72 | -8.07 | 83.67 | -896.3 | -8.48 | 82.73 | -802.13 | -2.38 | 84.03 | -667.74 | -0.10 | 96.68 | -130.3 | 0.06 | -14.29 | -25.0 | 9.33 | 127.48 | -30.48 | 374.14 | 2.86 | 16.01 | 6.04 | -73.76 | 101.08 | 93.96 | 22.04 | -85.78 | 17.52 | 13.47 | 0 |
| 20Q4 (5) | -0.46 | -475.0 | -156.79 | 14.88 | -0.27 | -42.1 | -11.37 | -30.99 | -255.12 | -49.42 | -481.41 | -420.7 | -49.09 | -457.21 | -412.08 | -14.90 | -482.03 | -341.49 | -3.01 | -3662.5 | -263.59 | 0.07 | 0.0 | -22.22 | -33.95 | -460.79 | -207.61 | 363.72 | 12.44 | 15.38 | 23.01 | -77.46 | -51.67 | 76.99 | 3819.28 | 46.95 | 15.44 | -1.09 | 33.56 |
| 20Q3 (4) | -0.08 | 0.0 | 0.0 | 14.92 | -31.02 | 0.0 | -8.68 | -187.42 | 0.0 | -8.50 | -32.4 | 0.0 | -8.81 | -20.36 | 0.0 | -2.56 | -18.52 | 0.0 | -0.08 | -124.24 | 0.0 | 0.07 | 0.0 | 0.0 | 9.41 | -45.73 | 0.0 | 323.49 | -6.07 | 0.0 | 102.07 | 117.4 | 0.0 | -2.07 | -103.9 | 0.0 | 15.61 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -153.33 | 0.0 | 21.63 | -19.89 | 0.0 | -3.02 | -166.08 | 0.0 | -6.42 | -692.59 | 0.0 | -7.32 | -678.72 | 0.0 | -2.16 | -596.77 | 0.0 | 0.33 | 0.0 | 0.0 | 0.07 | -12.5 | 0.0 | 17.34 | 29.21 | 0.0 | 344.38 | 6.78 | 0.0 | 46.95 | 108.37 | 0.0 | 53.05 | -91.97 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | -81.48 | 0.0 | 27.00 | 5.06 | 0.0 | 4.57 | -37.65 | 0.0 | -0.81 | -105.26 | 0.0 | -0.94 | -105.98 | 0.0 | -0.31 | -105.02 | 0.0 | 0.33 | -82.07 | 0.0 | 0.08 | -11.11 | 0.0 | 13.42 | -57.46 | 0.0 | 322.51 | 2.31 | 0.0 | -560.81 | -1277.98 | 0.0 | 660.81 | 1161.27 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.81 | 0.0 | 0.0 | 25.70 | 0.0 | 0.0 | 7.33 | 0.0 | 0.0 | 15.41 | 0.0 | 0.0 | 15.73 | 0.0 | 0.0 | 6.17 | 0.0 | 0.0 | 1.84 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 31.55 | 0.0 | 0.0 | 315.24 | 0.0 | 0.0 | 47.61 | 0.0 | 0.0 | 52.39 | 0.0 | 0.0 | 11.56 | 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) | 1.13 | -71.82 | 16.03 | -24.06 | 2.48 | 188.37 | 4.63 | -22.8 | 4.32 | -79.3 | 5.60 | -73.13 | 4.32 | -72.92 | 2.59 | -63.26 | 0.37 | 32.14 | 10.78 | -66.42 | 109.08 | 2.92 | 57.41 | 1293.39 | 42.59 | -55.57 | 0.47 | 0.13 | 14.37 | -8.7 |
| 2022 (9) | 4.01 | 155.41 | 21.11 | -13.59 | 0.86 | -68.38 | 6.00 | -19.96 | 20.87 | 132.92 | 20.84 | 140.09 | 15.95 | 52.92 | 7.05 | 70.7 | 0.28 | 3.7 | 32.10 | 28.35 | 105.99 | -68.69 | 4.12 | -86.41 | 95.87 | 37.55 | 0.47 | 1086.88 | 15.74 | -1.5 |
| 2021 (8) | 1.57 | 0 | 24.43 | 22.15 | 2.72 | 0 | 7.50 | -10.1 | 8.96 | 0 | 8.68 | 0 | 10.43 | 0 | 4.13 | 0 | 0.27 | -3.57 | 25.01 | 1052.53 | 338.51 | -6.93 | 30.31 | 13.48 | 69.69 | -4.91 | 0.04 | -7.15 | 15.98 | 9.38 |
| 2020 (7) | -0.46 | 0 | 20.00 | 200.75 | -4.14 | 0 | 8.34 | -20.5 | -15.52 | 0 | -15.76 | 0 | -19.00 | 0 | -2.29 | 0 | 0.28 | 3.7 | 2.17 | 0 | 363.72 | 15.38 | 26.71 | -62.15 | 73.29 | 148.89 | 0.04 | -17.07 | 14.61 | -24.22 |
| 2019 (6) | 1.24 | 0 | 6.65 | 0 | -17.69 | 0 | 10.49 | -28.56 | -25.07 | 0 | -25.85 | 0 | -30.73 | 0 | -5.46 | 0 | 0.27 | -15.62 | -6.98 | 0 | 315.24 | -9.93 | 70.55 | 45.08 | 29.45 | -42.67 | 0.05 | -21.6 | 19.28 | -7.04 |
| 2018 (5) | -4.75 | 0 | -4.06 | 0 | -25.54 | 0 | 14.68 | 37.45 | -52.52 | 0 | -54.92 | 0 | -51.31 | 0 | -15.72 | 0 | 0.32 | 3.23 | -30.80 | 0 | 349.98 | 138.2 | 48.63 | 16.18 | 51.37 | -11.65 | 0.07 | -83.52 | 20.74 | 22.14 |
| 2017 (4) | 0.06 | 0 | 15.64 | 14.75 | 1.54 | 0 | 10.68 | -13.72 | 3.67 | 0 | 2.89 | 0 | 2.29 | 0 | 2.12 | 6966.67 | 0.31 | -11.43 | 19.55 | 25.24 | 146.93 | -17.26 | 41.86 | -67.85 | 58.14 | 0 | 0.40 | 0 | 16.98 | 1.43 |
| 2016 (3) | -1.04 | 0 | 13.63 | 113.64 | -3.70 | 0 | 12.38 | 7.42 | -2.84 | 0 | -4.56 | 0 | -5.20 | 0 | 0.03 | 0 | 0.35 | -23.91 | 15.61 | 146.6 | 177.59 | -43.23 | 130.19 | 34.13 | -30.15 | 0 | 0.00 | 0 | 16.74 | -4.34 |
| 2015 (2) | -1.35 | 0 | 6.38 | -54.78 | -9.89 | 0 | 11.52 | 22.89 | -10.19 | 0 | -11.39 | 0 | -19.49 | 0 | -3.48 | 0 | 0.46 | -14.81 | 6.33 | -42.09 | 312.82 | 27.37 | 97.06 | 218.02 | 2.94 | -95.77 | 0.00 | 0 | 17.50 | 19.95 |
| 2014 (1) | 0.16 | 0 | 14.11 | 0 | -0.65 | 0 | 9.38 | -19.42 | -2.14 | 0 | -2.65 | 0 | -4.81 | 0 | 0.00 | 0 | 0.54 | -1.82 | 10.93 | -0.55 | 245.60 | 8.12 | 30.52 | -59.93 | 69.48 | 191.6 | 0.00 | 0 | 14.59 | 2.17 |
