- 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) | -0.41 | -32.26 | -156.16 | 9.97 | 14.2 | -43.0 | -10.74 | 4.96 | -316.97 | -13.01 | -123.16 | -232.35 | -7.09 | -24.6 | -190.32 | -2.70 | -36.36 | -159.73 | -1.02 | -43.66 | -152.58 | 0.17 | 13.33 | -26.09 | -5.92 | -444.19 | -141.84 | 124.23 | -4.91 | -14.9 | 82.47 | -57.2 | 64.95 | 17.53 | 118.91 | -64.95 | 29.73 | -10.51 | 47.47 |
| 24Q2 (19) | -0.31 | -542.86 | -358.33 | 8.73 | -33.96 | -39.38 | -11.30 | -235.31 | -534.62 | -5.83 | -367.43 | -345.99 | -5.69 | -680.61 | -534.35 | -1.98 | -582.93 | -364.0 | -0.71 | -321.88 | -265.12 | 0.15 | -16.67 | -31.82 | 1.72 | -79.0 | -75.14 | 130.65 | 5.84 | -16.63 | 192.68 | 223.87 | 79.84 | -92.68 | -135.5 | -765.04 | 33.22 | 21.77 | 61.42 |
| 24Q1 (18) | 0.07 | 121.21 | -77.42 | 13.22 | -13.54 | 5.59 | -3.37 | -45.26 | -309.32 | 2.18 | 147.19 | -18.35 | 0.98 | 123.84 | -69.09 | 0.41 | 120.4 | -78.65 | 0.32 | 146.38 | -62.79 | 0.18 | -10.0 | -21.74 | 8.19 | 2630.0 | 17.34 | 123.44 | -11.96 | -22.62 | -155.56 | -417.87 | -356.67 | 261.11 | 433.57 | 562.82 | 27.28 | 16.33 | 28.86 |
| 23Q4 (17) | -0.33 | -145.21 | -147.14 | 15.29 | -12.58 | -22.54 | -2.32 | -146.87 | -127.78 | -4.62 | -147.0 | -173.33 | -4.11 | -152.36 | -164.93 | -2.01 | -144.47 | -145.48 | -0.69 | -135.57 | -140.83 | 0.20 | -13.04 | -20.0 | 0.30 | -97.88 | -97.0 | 140.21 | -3.95 | -18.59 | 48.94 | -2.13 | -62.88 | 48.94 | -2.13 | 248.5 | 23.45 | 16.32 | 24.21 |
| 23Q3 (16) | 0.73 | 508.33 | -9.88 | 17.49 | 21.46 | -0.96 | 4.95 | 90.38 | -20.67 | 9.83 | 314.77 | -6.91 | 7.85 | 499.24 | 0.77 | 4.52 | 502.67 | -15.51 | 1.94 | 351.16 | -0.51 | 0.23 | 4.55 | 0.0 | 14.15 | 104.48 | -2.55 | 145.98 | -6.85 | -24.52 | 50.00 | -53.33 | -15.24 | 50.00 | 566.67 | 21.93 | 20.16 | -2.04 | 0.3 |
| 23Q2 (15) | 0.12 | -61.29 | -64.71 | 14.40 | 15.02 | -19.15 | 2.60 | 61.49 | -59.69 | 2.37 | -11.24 | -59.49 | 1.31 | -58.68 | -62.78 | 0.75 | -60.94 | -67.67 | 0.43 | -50.0 | -55.21 | 0.22 | -4.35 | -4.35 | 6.92 | -0.86 | -31.96 | 156.71 | -1.77 | -19.08 | 107.14 | 76.79 | -2.35 | -10.71 | -127.2 | -10.2 | 20.58 | -2.79 | 4.36 |
| 23Q1 (14) | 0.31 | -55.71 | 40.91 | 12.52 | -36.58 | -0.4 | 1.61 | -80.72 | 171.88 | 2.67 | -57.62 | -21.24 | 3.17 | -49.92 | 0.96 | 1.92 | -56.56 | 26.32 | 0.86 | -49.11 | 26.47 | 0.23 | -8.0 | 27.78 | 6.98 | -30.13 | -22.53 | 159.53 | -7.37 | -6.17 | 60.61 | -54.02 | 193.94 | 39.39 | 219.54 | -76.05 | 21.17 | 12.13 | -21.48 |
| 22Q4 (13) | 0.70 | -13.58 | 55.56 | 19.74 | 11.78 | 22.46 | 8.35 | 33.81 | 1043.84 | 6.30 | -40.34 | 69.35 | 6.33 | -18.74 | 6.75 | 4.42 | -17.38 | 33.94 | 1.69 | -13.33 | 32.03 | 0.25 | 8.7 | 25.0 | 9.99 | -31.2 | 9.18 | 172.22 | -10.96 | 4.46 | 131.82 | 123.45 | 577.92 | -32.95 | -180.36 | -140.91 | 18.88 | -6.07 | -29.81 |
| 22Q3 (12) | 0.81 | 138.24 | 636.36 | 17.66 | -0.84 | 11.0 | 6.24 | -3.26 | 194.34 | 10.56 | 80.51 | 422.77 | 7.79 | 121.31 | 456.43 | 5.35 | 130.6 | 494.44 | 1.95 | 103.12 | 364.29 | 0.23 | 0.0 | 4.55 | 14.52 | 42.77 | 108.92 | 193.41 | -0.13 | -3.07 | 58.99 | -46.23 | -43.69 | 41.01 | 521.79 | 961.15 | 20.10 | 1.93 | -24.66 |
| 22Q2 (11) | 0.34 | 54.55 | 217.24 | 17.81 | 41.69 | 21.65 | 6.45 | 387.95 | 993.22 | 5.85 | 72.57 | 311.19 | 3.52 | 12.1 | 192.39 | 2.32 | 52.63 | 200.43 | 0.96 | 41.18 | 243.28 | 0.23 | 27.78 | 9.52 | 10.17 | 12.87 | 278.07 | 193.67 | 13.91 | -1.13 | 109.72 | 270.07 | 593.75 | -9.72 | -105.91 | -107.95 | 19.72 | -26.85 | -28.99 |
| 22Q1 (10) | 0.22 | -51.11 | 175.0 | 12.57 | -22.02 | -17.63 | -2.24 | -406.85 | -209.27 | 3.39 | -8.87 | 26.49 | 3.14 | -47.05 | 252.81 | 1.52 | -53.94 | 153.33 | 0.68 | -46.88 | 112.5 | 0.18 | -10.0 | -21.74 | 9.01 | -1.53 | 19.65 | 170.02 | 3.12 | -9.65 | -64.52 | -431.8 | -185.04 | 164.52 | 104.23 | 581.57 | 26.96 | 0.22 | 4.7 |
| 21Q4 (9) | 0.45 | 309.09 | 150.0 | 16.12 | 1.32 | -0.74 | 0.73 | -65.57 | -78.27 | 3.72 | 84.16 | 12.39 | 5.93 | 323.57 | 186.47 | 3.30 | 266.67 | 129.17 | 1.28 | 204.76 | 113.33 | 0.20 | -9.09 | -13.04 | 9.15 | 31.65 | 11.18 | 164.87 | -17.37 | -13.3 | 19.44 | -81.44 | -80.56 | 80.56 | 1791.67 | 3000.0 | 26.90 | 0.82 | 11.9 |
| 21Q3 (8) | 0.11 | 137.93 | -62.07 | 15.91 | 8.67 | -5.47 | 2.12 | 259.32 | -43.32 | 2.02 | 172.92 | -48.73 | 1.40 | 136.75 | -59.06 | 0.90 | 138.96 | -64.0 | 0.42 | 162.69 | -54.84 | 0.22 | 4.76 | -4.35 | 6.95 | 158.36 | -23.63 | 199.53 | 1.86 | -3.74 | 104.76 | 571.43 | 10.0 | -4.76 | -103.9 | -200.0 | 26.68 | -3.93 | 7.28 |
| 21Q2 (7) | -0.29 | -462.5 | 0.0 | 14.64 | -4.06 | 0.97 | 0.59 | -71.22 | 130.26 | -2.77 | -203.36 | 55.25 | -3.81 | -528.09 | 11.4 | -2.31 | -485.0 | 10.47 | -0.67 | -309.38 | 1.47 | 0.21 | -8.7 | 10.53 | 2.69 | -64.28 | 2345.45 | 195.88 | 4.1 | -8.15 | -22.22 | -129.29 | -170.59 | 122.22 | 406.35 | 78.38 | 27.77 | 7.84 | 0 |
| 21Q1 (6) | 0.08 | -55.56 | 128.57 | 15.26 | -6.03 | 22.57 | 2.05 | -38.99 | 136.28 | 2.68 | -19.03 | 145.89 | 0.89 | -57.0 | 119.26 | 0.60 | -58.33 | 125.42 | 0.32 | -46.67 | 151.61 | 0.23 | 0.0 | 43.75 | 7.53 | -8.51 | 430.28 | 188.17 | -1.05 | -17.7 | 75.86 | -24.14 | -22.41 | 24.14 | 968.97 | 443.1 | 25.75 | 7.11 | -12.47 |
| 20Q4 (5) | 0.18 | -37.93 | 128.12 | 16.24 | -3.51 | 29.71 | 3.36 | -10.16 | 181.36 | 3.31 | -15.99 | 129.37 | 2.07 | -39.47 | 123.74 | 1.44 | -42.4 | 128.07 | 0.60 | -35.48 | 137.5 | 0.23 | 0.0 | 15.0 | 8.23 | -9.56 | 243.38 | 190.16 | -8.26 | -7.41 | 100.00 | 5.0 | 171.79 | -2.78 | -158.33 | -104.39 | 24.04 | -3.34 | 0 |
| 20Q3 (4) | 0.29 | 200.0 | 0.0 | 16.83 | 16.07 | 0.0 | 3.74 | 291.79 | 0.0 | 3.94 | 163.65 | 0.0 | 3.42 | 179.53 | 0.0 | 2.50 | 196.9 | 0.0 | 0.93 | 236.76 | 0.0 | 0.23 | 21.05 | 0.0 | 9.10 | 8172.73 | 0.0 | 207.29 | -2.8 | 0.0 | 95.24 | 202.52 | 0.0 | 4.76 | -93.05 | 0.0 | 24.87 | 0 | 0.0 |
| 20Q2 (3) | -0.29 | -3.57 | 0.0 | 14.50 | 16.47 | 0.0 | -1.95 | 65.49 | 0.0 | -6.19 | -5.99 | 0.0 | -4.30 | 6.93 | 0.0 | -2.58 | -9.32 | 0.0 | -0.68 | -9.68 | 0.0 | 0.19 | 18.75 | 0.0 | 0.11 | -92.25 | 0.0 | 213.27 | -6.72 | 0.0 | 31.48 | -67.8 | 0.0 | 68.52 | 1441.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.28 | 56.25 | 0.0 | 12.45 | -0.56 | 0.0 | -5.65 | -36.8 | 0.0 | -5.84 | 48.18 | 0.0 | -4.62 | 47.02 | 0.0 | -2.36 | 54.0 | 0.0 | -0.62 | 61.25 | 0.0 | 0.16 | -20.0 | 0.0 | 1.42 | 124.74 | 0.0 | 228.64 | 11.33 | 0.0 | 97.78 | 165.75 | 0.0 | 4.44 | -92.97 | 0.0 | 29.42 | 0 | 0.0 |
| 19Q4 (1) | -0.64 | 0.0 | 0.0 | 12.52 | 0.0 | 0.0 | -4.13 | 0.0 | 0.0 | -11.27 | 0.0 | 0.0 | -8.72 | 0.0 | 0.0 | -5.13 | 0.0 | 0.0 | -1.60 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | -5.74 | 0.0 | 0.0 | 205.38 | 0.0 | 0.0 | 36.79 | 0.0 | 0.0 | 63.21 | 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) | 0.84 | -59.42 | 14.88 | -14.24 | 1.86 | -65.04 | 3.21 | 2.23 | 2.83 | -58.38 | 2.30 | -57.56 | 5.23 | -61.12 | 2.59 | -53.08 | 0.89 | -3.26 | 7.34 | -33.93 | 140.21 | -18.59 | 66.15 | -15.31 | 34.62 | 60.4 | 0.33 | 66.33 | 21.26 | 1.58 |
| 2022 (9) | 2.07 | 491.43 | 17.35 | 12.08 | 5.32 | 277.3 | 3.14 | -20.1 | 6.80 | 368.97 | 5.42 | 397.25 | 13.45 | 425.39 | 5.52 | 300.0 | 0.92 | 8.24 | 11.11 | 68.08 | 172.22 | 4.46 | 78.12 | -19.14 | 21.58 | 536.63 | 0.20 | -18.62 | 20.93 | -21.73 |
| 2021 (8) | 0.35 | 0 | 15.48 | 1.57 | 1.41 | 235.71 | 3.94 | -9.31 | 1.45 | 0 | 1.09 | 0 | 2.56 | 0 | 1.38 | 590.0 | 0.85 | 4.94 | 6.61 | 26.39 | 164.87 | -13.3 | 96.61 | 0 | 3.39 | -98.08 | 0.24 | -25.05 | 26.74 | -0.59 |
| 2020 (7) | -0.10 | 0 | 15.24 | 11.24 | 0.42 | 0 | 4.34 | 4.53 | -0.55 | 0 | -0.36 | 0 | -0.88 | 0 | 0.20 | 0 | 0.81 | 6.58 | 5.23 | 657.97 | 190.16 | -7.41 | -76.19 | 0 | 176.19 | 387.28 | 0.33 | -32.48 | 26.90 | -7.21 |
| 2019 (6) | -1.48 | 0 | 13.70 | -14.11 | -3.12 | 0 | 4.15 | 23.33 | -4.87 | 0 | -5.26 | 0 | -11.61 | 0 | -3.57 | 0 | 0.76 | -7.32 | 0.69 | -87.63 | 205.38 | 17.62 | 64.41 | 71.75 | 36.16 | -42.15 | 0.48 | -23.64 | 28.99 | -0.28 |
| 2018 (5) | 0.05 | 0 | 15.95 | 4.18 | 0.32 | 0 | 3.37 | -17.72 | 0.85 | 0 | 0.12 | 0 | 0.26 | 0 | 0.51 | 0 | 0.82 | 0.0 | 5.58 | 130.58 | 174.61 | 5.7 | 37.50 | 178.91 | 62.50 | -27.79 | 0.63 | 24.95 | 29.07 | 0.38 |
| 2017 (4) | -0.98 | 0 | 15.31 | -5.49 | -0.43 | 0 | 4.09 | 6.27 | -3.30 | 0 | -3.55 | 0 | -6.98 | 0 | -2.40 | 0 | 0.82 | -10.87 | 2.42 | -67.07 | 165.19 | 40.6 | 13.45 | -77.59 | 86.55 | 124.4 | 0.50 | 0 | 28.96 | 0.66 |
| 2016 (3) | 0.17 | -87.12 | 16.20 | -13.0 | 1.04 | -74.63 | 3.85 | 3.48 | 1.72 | -67.24 | 0.52 | -86.32 | 1.06 | -87.34 | 0.99 | -76.14 | 0.92 | -1.08 | 7.35 | -30.0 | 117.49 | -8.04 | 60.00 | -23.43 | 38.57 | 74.71 | 0.00 | 0 | 28.77 | 5.93 |
| 2015 (2) | 1.32 | 214.29 | 18.62 | 2.65 | 4.10 | 27.73 | 3.72 | -2.48 | 5.25 | 224.07 | 3.80 | 211.48 | 8.37 | 197.86 | 4.15 | 118.42 | 0.93 | 4.49 | 10.50 | 42.86 | 127.76 | -12.86 | 78.35 | -60.54 | 22.08 | 0 | 0.00 | 0 | 27.16 | 0.37 |
| 2014 (1) | 0.42 | 0 | 18.14 | 0 | 3.21 | 0 | 3.82 | -1.98 | 1.62 | 0 | 1.22 | 0 | 2.81 | 0 | 1.90 | 0 | 0.89 | 1.14 | 7.35 | -2.0 | 146.61 | -13.74 | 198.57 | 0 | -98.57 | 0 | 0.00 | 0 | 27.06 | 9.29 |
