- 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) | 0.59 | 353.85 | 227.78 | 23.51 | -21.05 | -0.63 | 7.82 | 1271.93 | 9675.0 | 8.04 | 50.84 | 46.45 | 5.89 | 84.64 | 49.49 | 1.67 | 173.77 | 91.95 | 0.98 | 145.0 | 75.0 | 0.16 | 45.45 | 23.08 | 10.09 | 9.79 | 20.12 | 67.64 | -26.99 | 0.83 | 97.18 | 803.23 | 5666.2 | 2.82 | -96.84 | -97.13 | 11.77 | -45.84 | -32.16 |
| 24Q2 (19) | 0.13 | -13.33 | -35.0 | 29.78 | -4.76 | 5.3 | 0.57 | 108.14 | -33.72 | 5.33 | -33.12 | -23.31 | 3.19 | -31.55 | -23.68 | 0.61 | -8.96 | -33.7 | 0.40 | -14.89 | -31.03 | 0.11 | 22.22 | -8.33 | 9.19 | -26.18 | -6.89 | 92.64 | 60.42 | 18.13 | 10.76 | 112.26 | -12.73 | 89.24 | -52.48 | 1.79 | 21.73 | -28.66 | 9.2 |
| 24Q1 (18) | 0.15 | -75.0 | 193.75 | 31.27 | 37.87 | 9.45 | -7.00 | -313.41 | 26.08 | 7.97 | -12.71 | 371.09 | 4.66 | -37.03 | 222.31 | 0.67 | -68.1 | 224.07 | 0.47 | -64.93 | 288.0 | 0.09 | -47.06 | 12.5 | 12.45 | 8.17 | 673.29 | 57.75 | -3.1 | -27.8 | -87.79 | -344.29 | -127.15 | 187.79 | 193.14 | 184.72 | 30.46 | 119.61 | 6.99 |
| 23Q4 (17) | 0.60 | 233.33 | 5900.0 | 22.68 | -4.14 | -27.21 | 3.28 | 4000.0 | 146.79 | 9.13 | 66.3 | 243.23 | 7.40 | 87.82 | 886.67 | 2.10 | 141.38 | 1809.09 | 1.34 | 139.29 | 930.77 | 0.17 | 30.77 | 88.89 | 11.51 | 37.02 | 59.64 | 59.60 | -11.15 | -11.7 | 35.94 | 2032.29 | 113.68 | 64.06 | -34.84 | -82.25 | 13.87 | -20.06 | -48.88 |
| 23Q3 (16) | 0.18 | -10.0 | -56.1 | 23.66 | -16.34 | -28.48 | 0.08 | -90.7 | -97.14 | 5.49 | -21.01 | -52.43 | 3.94 | -5.74 | -61.03 | 0.87 | -5.43 | -52.2 | 0.56 | -3.45 | -51.72 | 0.13 | 8.33 | 18.18 | 8.40 | -14.89 | -44.66 | 67.08 | -14.46 | 3.3 | 1.69 | -86.33 | -93.1 | 98.31 | 12.14 | 29.5 | 17.35 | -12.81 | -17.93 |
| 23Q2 (15) | 0.20 | 225.0 | 160.61 | 28.28 | -1.02 | -22.05 | 0.86 | 109.08 | 244.0 | 6.95 | 336.39 | 44.79 | 4.18 | 209.71 | 290.0 | 0.92 | 270.37 | 355.56 | 0.58 | 332.0 | 462.5 | 0.12 | 50.0 | 20.0 | 9.87 | 513.04 | 11.27 | 78.42 | -1.96 | 22.02 | 12.33 | -96.19 | 126.03 | 87.67 | 139.55 | -7.27 | 19.90 | -30.1 | -26.27 |
| 23Q1 (14) | -0.16 | -1700.0 | 38.46 | 28.57 | -8.31 | -32.9 | -9.47 | -35.09 | -363.06 | -2.94 | -210.53 | -203.89 | -3.81 | -608.0 | -1260.71 | -0.54 | -590.91 | -1250.0 | -0.25 | -292.31 | -933.33 | 0.08 | -11.11 | -20.0 | 1.61 | -77.67 | -76.46 | 79.99 | 18.5 | 23.71 | 323.33 | 223.08 | 153.76 | -221.67 | -161.4 | -708.43 | 28.47 | 4.94 | -5.7 |
| 22Q4 (13) | 0.01 | -97.56 | -99.84 | 31.16 | -5.8 | -23.85 | -7.01 | -350.36 | 71.21 | 2.66 | -76.95 | -98.45 | 0.75 | -92.58 | -99.55 | 0.11 | -93.96 | -99.57 | 0.13 | -88.79 | -99.2 | 0.09 | -18.18 | -10.0 | 7.21 | -52.5 | -95.91 | 67.50 | 3.94 | 23.22 | -262.71 | -1176.04 | -1751.23 | 361.02 | 375.52 | 216.15 | 27.13 | 28.33 | -41.24 |
| 22Q3 (12) | 0.41 | 224.24 | 158.57 | 33.08 | -8.82 | -21.85 | 2.80 | 1020.0 | 126.0 | 11.54 | 140.42 | 220.84 | 10.11 | 559.55 | 180.05 | 1.82 | 605.56 | 185.05 | 1.16 | 825.0 | 192.8 | 0.11 | 10.0 | 10.0 | 15.18 | 71.14 | 409.8 | 64.94 | 1.04 | -2.21 | 24.41 | 347.6 | -78.37 | 75.92 | -19.7 | 690.85 | 21.14 | -21.67 | -44.0 |
| 22Q2 (11) | -0.33 | -26.92 | 66.33 | 36.28 | -14.8 | -18.42 | 0.25 | -93.06 | 101.46 | 4.80 | 69.61 | 133.26 | -2.20 | -685.71 | 90.95 | -0.36 | -800.0 | 89.32 | -0.16 | -633.33 | 92.42 | 0.10 | 0.0 | 11.11 | 8.87 | 29.68 | 195.07 | 64.27 | -0.6 | 7.47 | 5.45 | -95.72 | -95.41 | 94.55 | 444.81 | 612.3 | 26.99 | -10.6 | -44.59 |
| 22Q1 (10) | -0.26 | -104.11 | -107.69 | 42.58 | 4.06 | -1.87 | 3.60 | 114.78 | 111.49 | 2.83 | -98.35 | -97.5 | -0.28 | -100.17 | -100.25 | -0.04 | -100.16 | -100.26 | 0.03 | -99.81 | -99.69 | 0.10 | 0.0 | 11.11 | 6.84 | -96.12 | -94.24 | 64.66 | 18.04 | 24.44 | 127.42 | 997.87 | 560.99 | -27.42 | -124.01 | -121.49 | 30.19 | -34.61 | -50.71 |
| 21Q4 (9) | 6.32 | 1002.86 | -35.97 | 40.92 | -3.33 | 67.16 | -24.35 | -126.09 | 33.81 | 171.64 | 1897.28 | -46.75 | 166.84 | 1420.98 | -40.29 | 25.78 | 1304.67 | -62.14 | 16.19 | 1395.2 | -54.78 | 0.10 | 0.0 | -23.08 | 176.32 | 3698.37 | -46.11 | 54.78 | -17.51 | -26.37 | -14.19 | -112.58 | -24.4 | 114.19 | 988.71 | 2.5 | 46.17 | 22.3 | -33.39 |
| 21Q3 (8) | -0.70 | 28.57 | -775.0 | 42.33 | -4.81 | 28.08 | -10.77 | 37.02 | -874.82 | -9.55 | 33.82 | -23775.0 | -12.63 | 48.02 | -2077.59 | -2.14 | 36.5 | -723.08 | -1.25 | 40.76 | -12600.0 | 0.10 | 11.11 | -47.37 | -4.90 | 47.48 | -204.26 | 66.41 | 11.05 | -51.01 | 112.85 | -5.08 | 104.7 | -12.85 | 30.38 | -100.51 | 37.75 | -22.5 | -12.49 |
| 21Q2 (7) | -0.98 | -128.99 | -345.45 | 44.47 | 2.49 | 30.68 | -17.10 | 45.4 | -166.36 | -14.43 | -112.73 | -207.68 | -24.30 | -121.77 | -371.84 | -3.37 | -121.84 | -69.35 | -2.11 | -122.09 | -189.04 | 0.09 | 0.0 | -43.75 | -9.33 | -107.86 | -1042.42 | 59.80 | 15.09 | -58.27 | 118.88 | 530.11 | -12.98 | -18.45 | -114.46 | 49.6 | 48.71 | -20.47 | -9.81 |
| 21Q1 (6) | 3.38 | -65.75 | 33700.0 | 43.39 | 77.25 | 21.13 | -31.32 | 14.87 | -683.0 | 113.39 | -64.82 | 3935.23 | 111.61 | -60.06 | 5344.39 | 15.43 | -77.34 | 1878.21 | 9.55 | -73.32 | 1976.09 | 0.09 | -30.77 | -43.75 | 118.66 | -63.73 | 1317.68 | 51.96 | -30.16 | -60.63 | -27.64 | -142.29 | 80.52 | 127.58 | 14.52 | -46.74 | 61.25 | -11.63 | 14.04 |
| 20Q4 (5) | 9.87 | 12437.5 | 98600.0 | 24.48 | -25.93 | -19.31 | -36.79 | -2746.76 | -150.95 | 322.34 | 805950.0 | 9297.67 | 279.44 | 48279.31 | 17149.38 | 68.09 | 26288.46 | 11845.61 | 35.80 | 357900.0 | 9575.68 | 0.13 | -31.58 | -13.33 | 327.19 | 6861.49 | 3336.87 | 74.40 | -45.11 | -44.17 | -11.41 | 99.52 | 97.34 | 111.41 | -95.54 | -79.03 | 69.31 | 60.66 | 0 |
| 20Q3 (4) | -0.08 | 63.64 | 0.0 | 33.05 | -2.88 | 0.0 | 1.39 | 121.65 | 0.0 | -0.04 | 99.15 | 0.0 | -0.58 | 88.74 | 0.0 | -0.26 | 86.93 | 0.0 | 0.01 | 101.37 | 0.0 | 0.19 | 18.75 | 0.0 | 4.70 | 374.75 | 0.0 | 135.55 | -5.41 | 0.0 | -2400.00 | -1856.7 | 0.0 | 2500.00 | 6926.92 | 0.0 | 43.14 | -20.13 | 0.0 |
| 20Q2 (3) | -0.22 | -2300.0 | 0.0 | 34.03 | -5.0 | 0.0 | -6.42 | -60.5 | 0.0 | -4.69 | -266.9 | 0.0 | -5.15 | -351.22 | 0.0 | -1.99 | -355.13 | 0.0 | -0.73 | -258.7 | 0.0 | 0.16 | 0.0 | 0.0 | 0.99 | -88.17 | 0.0 | 143.30 | 8.59 | 0.0 | 136.62 | 196.31 | 0.0 | -36.62 | -115.29 | 0.0 | 54.01 | 0.56 | 0.0 |
| 20Q1 (2) | 0.01 | 0.0 | 0.0 | 35.82 | 18.06 | 0.0 | -4.00 | 72.71 | 0.0 | 2.81 | -18.08 | 0.0 | 2.05 | 26.54 | 0.0 | 0.78 | 36.84 | 0.0 | 0.46 | 24.32 | 0.0 | 0.16 | 6.67 | 0.0 | 8.37 | -12.08 | 0.0 | 131.97 | -0.96 | 0.0 | -141.86 | 66.95 | 0.0 | 239.53 | -54.91 | 0.0 | 53.71 | 0 | 0.0 |
| 19Q4 (1) | 0.01 | 0.0 | 0.0 | 30.34 | 0.0 | 0.0 | -14.66 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | 1.62 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 9.52 | 0.0 | 0.0 | 133.25 | 0.0 | 0.0 | -429.17 | 0.0 | 0.0 | 531.25 | 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) | 0.82 | 0 | 25.28 | -29.13 | -0.20 | 0 | 1.82 | -28.01 | 5.70 | -0.18 | 3.90 | 63.18 | 3.37 | 117.42 | 2.31 | 94.12 | 0.53 | 32.5 | 8.71 | -10.76 | 59.60 | -11.7 | -3.61 | 0 | 103.47 | 4.06 | 0.69 | 135.22 | 18.63 | -28.76 |
| 2022 (9) | -0.17 | 0 | 35.67 | -16.4 | 0.04 | 0 | 2.53 | -30.33 | 5.71 | -91.48 | 2.39 | -96.16 | 1.55 | -95.6 | 1.19 | -94.54 | 0.40 | 14.29 | 9.76 | -86.44 | 67.50 | 23.22 | 0.57 | 0 | 99.43 | -23.94 | 0.30 | 1.05 | 26.15 | -45.38 |
| 2021 (8) | 8.01 | -16.3 | 42.67 | 34.99 | -20.60 | 0 | 3.63 | -4.09 | 67.04 | -22.5 | 62.21 | -16.5 | 35.23 | -47.11 | 21.80 | -38.21 | 0.35 | -25.53 | 71.95 | -21.52 | 54.78 | -26.37 | -30.73 | 0 | 130.73 | 14.82 | 0.29 | -7.08 | 47.88 | -13.25 |
| 2020 (7) | 9.57 | 10533.33 | 31.61 | -1.62 | -11.98 | 0 | 3.78 | -17.69 | 86.50 | 3332.54 | 74.50 | 4470.55 | 66.61 | 2808.73 | 35.28 | 2221.05 | 0.47 | -24.19 | 91.68 | 946.58 | 74.40 | -44.17 | -13.85 | 0 | 113.85 | -82.84 | 0.31 | 0.49 | 55.19 | -3.97 |
| 2019 (6) | 0.09 | -35.71 | 32.13 | 17.05 | -14.29 | 0 | 4.60 | 35.25 | 2.52 | 25.37 | 1.63 | 0.62 | 2.29 | 12.81 | 1.52 | 13.43 | 0.62 | 6.9 | 8.76 | 13.62 | 133.25 | 13.86 | -564.29 | 0 | 663.57 | -51.46 | 0.31 | -43.86 | 57.47 | -11.92 |
| 2018 (5) | 0.14 | 40.0 | 27.45 | -4.89 | -25.62 | 0 | 3.40 | -6.51 | 2.01 | 265.45 | 1.62 | 100.0 | 2.03 | 113.68 | 1.34 | 67.5 | 0.58 | 13.73 | 7.71 | 13.72 | 117.03 | 6.26 | -1267.01 | 0 | 1367.01 | -75.02 | 0.56 | 0 | 65.25 | -2.61 |
| 2017 (4) | 0.10 | -75.61 | 28.86 | -1.54 | -29.77 | 0 | 3.63 | 7.86 | 0.55 | -84.72 | 0.81 | -77.93 | 0.95 | -79.48 | 0.80 | -62.79 | 0.51 | 6.25 | 6.78 | -28.93 | 110.14 | -28.55 | -5372.00 | 0 | 5472.00 | 558.43 | 0.00 | 0 | 67.00 | 4.77 |
| 2016 (3) | 0.41 | -77.47 | 29.31 | 8.12 | -26.26 | 0 | 3.37 | -1.67 | 3.60 | -82.43 | 3.67 | -80.05 | 4.63 | -84.55 | 2.15 | -77.15 | 0.48 | 0.0 | 9.54 | -67.48 | 154.16 | -7.11 | -730.51 | 0 | 831.07 | 200.94 | 0.00 | 0 | 63.95 | -2.8 |
| 2015 (2) | 1.82 | 0 | 27.11 | 1.16 | -36.13 | 0 | 3.43 | 30.49 | 20.49 | 0 | 18.40 | 0 | 29.97 | 0 | 9.41 | 0 | 0.48 | -28.36 | 29.34 | 0 | 165.96 | -59.07 | -176.26 | 0 | 276.16 | 900.01 | 0.00 | 0 | 65.79 | 15.62 |
| 2014 (1) | -3.18 | 0 | 26.80 | 0 | -16.79 | 0 | 2.63 | -9.71 | -23.20 | 0 | -24.57 | 0 | -60.88 | 0 | -15.66 | 0 | 0.67 | 8.06 | -16.34 | 0 | 405.50 | 103.11 | 72.38 | -57.81 | 27.62 | 0 | 0.00 | 0 | 56.90 | 2942.78 |
