- 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) | -0.30 | -76.47 | -166.67 | 13.95 | 84.28 | 29.89 | -2.34 | 67.5 | -150.21 | -8.15 | -136.23 | -188.3 | -8.56 | -59.7 | -194.17 | -3.24 | -82.02 | -169.23 | -1.44 | -97.26 | -158.54 | 0.19 | 11.76 | -24.0 | -1.38 | -137.4 | -110.06 | 106.78 | 11.66 | 5.01 | 27.59 | -86.81 | -44.83 | 72.41 | 166.38 | 44.83 | 23.74 | -1.33 | 44.05 |
| 24Q2 (19) | -0.17 | -342.86 | 59.52 | 7.57 | -40.72 | 47.28 | -7.20 | -12.68 | 51.48 | -3.45 | -186.68 | 71.27 | -5.36 | -327.12 | 49.72 | -1.78 | -337.33 | 58.89 | -0.73 | -232.73 | 61.17 | 0.17 | 13.33 | -10.53 | 3.69 | -68.13 | 150.41 | 95.63 | -4.99 | -12.72 | 209.09 | 225.45 | 70.11 | -109.09 | -140.91 | -376.03 | 24.06 | -10.42 | 16.12 |
| 24Q1 (18) | 0.07 | 130.43 | 75.0 | 12.77 | -9.5 | 12.31 | -6.39 | -234.53 | -299.07 | 3.98 | 311.7 | 357.47 | 2.36 | 148.76 | 151.06 | 0.75 | 131.65 | 82.93 | 0.55 | 155.56 | 52.78 | 0.15 | -37.5 | -28.57 | 11.58 | 302.08 | 130.22 | 100.65 | -8.56 | -10.01 | -166.67 | 34.78 | -147.62 | 266.67 | -25.0 | 206.67 | 26.86 | 52.79 | 44.33 |
| 23Q4 (17) | -0.23 | -151.11 | -162.16 | 14.11 | 31.38 | -30.29 | 4.75 | 1.93 | -58.8 | -1.88 | -120.37 | -123.18 | -4.84 | -153.25 | -175.04 | -2.37 | -150.64 | -162.04 | -0.99 | -140.24 | -151.03 | 0.24 | -4.0 | -14.29 | 2.88 | -79.01 | -74.03 | 110.07 | 8.24 | -2.15 | -255.56 | -611.11 | -279.27 | 355.56 | 611.11 | 935.56 | 17.58 | 6.67 | -5.64 |
| 23Q3 (16) | 0.45 | 207.14 | -10.0 | 10.74 | 108.95 | -45.73 | 4.66 | 131.4 | -0.43 | 9.23 | 176.85 | -18.82 | 9.09 | 185.27 | -27.68 | 4.68 | 208.08 | -14.6 | 2.46 | 230.85 | -10.87 | 0.25 | 31.58 | 19.05 | 13.72 | 287.43 | -8.9 | 101.69 | -7.19 | -8.13 | 50.00 | -59.32 | 21.05 | 50.00 | 318.18 | -14.81 | 16.48 | -20.46 | -8.24 |
| 23Q2 (15) | -0.42 | -1150.0 | -4300.0 | 5.14 | -54.79 | -58.14 | -14.84 | -562.31 | -1540.78 | -12.01 | -1480.46 | -346.11 | -10.66 | -1234.04 | -5710.53 | -4.33 | -1156.1 | -4911.11 | -1.88 | -622.22 | -1275.0 | 0.19 | -9.52 | -9.52 | -7.32 | -245.53 | -182.81 | 109.57 | -2.04 | 3.47 | 122.92 | -64.88 | 483.85 | -22.92 | 90.83 | -129.03 | 20.72 | 11.34 | 12.3 |
| 23Q1 (14) | 0.04 | -89.19 | -87.1 | 11.37 | -43.82 | -34.09 | 3.21 | -72.16 | -50.69 | 0.87 | -89.27 | -90.48 | 0.94 | -85.43 | -87.16 | 0.41 | -89.27 | -88.29 | 0.36 | -81.44 | -79.78 | 0.21 | -25.0 | -8.7 | 5.03 | -54.64 | -58.91 | 111.85 | -0.57 | 3.7 | 350.00 | 145.52 | 387.5 | -250.00 | -487.5 | -986.36 | 18.61 | -0.11 | 0.16 |
| 22Q4 (13) | 0.37 | -26.0 | 76.19 | 20.24 | 2.27 | 132.91 | 11.53 | 146.37 | 558.86 | 8.11 | -28.67 | 243.64 | 6.45 | -48.69 | 47.6 | 3.82 | -30.29 | 50.99 | 1.94 | -29.71 | 43.7 | 0.28 | 33.33 | 0.0 | 11.09 | -26.36 | 112.45 | 112.49 | 1.63 | 0.05 | 142.55 | 245.13 | 90.07 | -42.55 | -172.5 | -270.21 | 18.63 | 3.73 | 14.01 |
| 22Q3 (12) | 0.50 | 4900.0 | 354.55 | 19.79 | 61.16 | 50.49 | 4.68 | 354.37 | 24.47 | 11.37 | 132.99 | 263.26 | 12.57 | 6515.79 | 381.61 | 5.48 | 5988.89 | 302.94 | 2.76 | 1625.0 | 258.44 | 0.21 | 0.0 | -16.0 | 15.06 | 70.36 | 137.17 | 110.69 | 4.52 | 5.19 | 41.30 | 96.2 | -65.98 | 58.70 | -25.65 | 373.91 | 17.96 | -2.66 | 13.03 |
| 22Q2 (11) | 0.01 | -96.77 | -83.33 | 12.28 | -28.81 | -23.58 | 1.03 | -84.18 | -75.18 | 4.88 | -46.61 | 146.46 | 0.19 | -97.4 | -87.97 | 0.09 | -97.43 | -87.67 | 0.16 | -91.01 | -63.64 | 0.21 | -8.7 | 0.0 | 8.84 | -27.78 | 54.82 | 105.90 | -1.82 | -9.16 | 21.05 | -70.68 | -89.47 | 78.95 | 179.9 | 178.95 | 18.45 | -0.7 | -0.22 |
| 22Q1 (10) | 0.31 | 47.62 | 214.81 | 17.25 | 98.5 | 38.89 | 6.51 | 272.0 | 283.9 | 9.14 | 287.29 | 306.32 | 7.32 | 67.51 | 220.0 | 3.50 | 38.34 | 209.38 | 1.78 | 31.85 | 229.93 | 0.23 | -17.86 | -4.17 | 12.24 | 134.48 | 1183.19 | 107.86 | -4.06 | -7.76 | 71.79 | -4.27 | -10.26 | 28.21 | 12.82 | 41.03 | 18.58 | 13.71 | 12.54 |
| 21Q4 (9) | 0.21 | 90.91 | 950.0 | 8.69 | -33.92 | -37.57 | 1.75 | -53.46 | -20.09 | 2.36 | -24.6 | 1575.0 | 4.37 | 67.43 | 1185.29 | 2.53 | 86.03 | 1104.76 | 1.35 | 75.32 | 610.53 | 0.28 | 12.0 | -3.45 | 5.22 | -17.8 | 99.24 | 112.43 | 6.84 | -3.27 | 75.00 | -38.24 | 106.25 | 25.00 | 216.67 | -98.08 | 16.34 | 2.83 | 6.94 |
| 21Q3 (8) | 0.11 | 83.33 | -8.33 | 13.15 | -18.17 | -21.77 | 3.76 | -9.4 | -19.83 | 3.13 | 58.08 | 12.59 | 2.61 | 65.19 | 6.53 | 1.36 | 86.3 | -4.23 | 0.77 | 75.0 | 0.0 | 0.25 | 19.05 | -7.41 | 6.35 | 11.21 | 9.11 | 105.23 | -9.74 | -11.15 | 121.43 | -39.29 | -26.09 | -21.43 | 78.57 | 70.0 | 15.89 | -14.06 | 10.35 |
| 21Q2 (7) | 0.06 | 122.22 | 105.56 | 16.07 | 29.39 | 6.56 | 4.15 | 217.23 | 112.7 | 1.98 | 144.7 | 105.69 | 1.58 | 125.9 | 105.02 | 0.73 | 122.81 | 106.05 | 0.44 | 132.12 | 107.28 | 0.21 | -12.5 | 5.0 | 5.71 | 605.31 | 118.93 | 116.58 | -0.3 | 3.18 | 200.00 | 150.0 | 112.28 | -100.00 | -600.0 | -1828.57 | 18.49 | 11.99 | 0 |
| 21Q1 (6) | -0.27 | -1450.0 | -2800.0 | 12.42 | -10.78 | 10.11 | -3.54 | -261.64 | -7180.0 | -4.43 | -2668.75 | -2561.11 | -6.10 | -1894.12 | -3488.89 | -3.20 | -1623.81 | -4671.43 | -1.37 | -821.05 | -1345.45 | 0.24 | -17.24 | 4.35 | -1.13 | -143.13 | -129.66 | 116.93 | 0.6 | 46.11 | 80.00 | 106.67 | 0 | 20.00 | -98.46 | 0 | 16.51 | 8.05 | 0 |
| 20Q4 (5) | 0.02 | -83.33 | -81.82 | 13.92 | -17.19 | 10.3 | 2.19 | -53.3 | -43.85 | -0.16 | -105.76 | -106.81 | 0.34 | -86.12 | -85.53 | 0.21 | -85.21 | -82.79 | 0.19 | -75.32 | -76.54 | 0.29 | 7.41 | -3.33 | 2.62 | -54.98 | -51.84 | 116.23 | -1.86 | 48.92 | -1200.00 | -830.43 | -857.89 | 1300.00 | 1920.0 | 2050.0 | 15.28 | 6.11 | 0 |
| 20Q3 (4) | 0.12 | 111.11 | 0.0 | 16.81 | 11.47 | 0.0 | 4.69 | 114.35 | 0.0 | 2.78 | 107.99 | 0.0 | 2.45 | 107.79 | 0.0 | 1.42 | 111.77 | 0.0 | 0.77 | 112.75 | 0.0 | 0.27 | 35.0 | 0.0 | 5.82 | 119.29 | 0.0 | 118.43 | 4.81 | 0.0 | 164.29 | 74.37 | 0.0 | -71.43 | -1334.69 | 0.0 | 14.40 | 0 | 0.0 |
| 20Q2 (3) | -1.08 | -10900.0 | 0.0 | 15.08 | 33.69 | 0.0 | -32.69 | -65480.0 | 0.0 | -34.81 | -19438.89 | 0.0 | -31.47 | -17583.33 | 0.0 | -12.06 | -17328.57 | 0.0 | -6.04 | -5590.91 | 0.0 | 0.20 | -13.04 | 0.0 | -30.17 | -891.86 | 0.0 | 112.99 | 41.18 | 0.0 | 94.21 | 0 | 0.0 | 5.79 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | -90.91 | 0.0 | 11.28 | -10.62 | 0.0 | 0.05 | -98.72 | 0.0 | 0.18 | -92.34 | 0.0 | 0.18 | -92.34 | 0.0 | 0.07 | -94.26 | 0.0 | 0.11 | -86.42 | 0.0 | 0.23 | -23.33 | 0.0 | 3.81 | -29.96 | 0.0 | 80.03 | 2.54 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 12.62 | 0.0 | 0.0 | 3.90 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 5.44 | 0.0 | 0.0 | 78.05 | 0.0 | 0.0 | 158.33 | 0.0 | 0.0 | -66.67 | 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) | -0.16 | 0 | 10.57 | -40.25 | 0.09 | -98.62 | 3.13 | 31.1 | -0.36 | 0 | -0.87 | 0 | -1.61 | 0 | -0.10 | 0 | 0.87 | -4.4 | 4.12 | -64.97 | 110.07 | -2.15 | -28.57 | 0 | 114.29 | 407.56 | 0.78 | 2.48 | 18.21 | -1.19 |
| 2022 (9) | 1.18 | 883.33 | 17.69 | 43.35 | 6.50 | 348.28 | 2.39 | -1.89 | 8.38 | 1002.63 | 6.66 | 865.22 | 12.86 | 812.06 | 6.54 | 483.93 | 0.91 | -4.21 | 11.76 | 192.54 | 112.49 | 0.05 | 77.48 | -61.26 | 22.52 | 0 | 0.76 | 180.89 | 18.43 | 10.1 |
| 2021 (8) | 0.12 | 0 | 12.34 | -14.13 | 1.45 | 0 | 2.43 | -11.95 | 0.76 | 0 | 0.69 | 0 | 1.41 | 0 | 1.12 | 0 | 0.95 | -4.04 | 4.02 | 0 | 112.43 | -3.27 | 200.00 | 174.36 | -92.31 | 0 | 0.27 | -37.03 | 16.74 | 3.65 |
| 2020 (7) | -0.93 | 0 | 14.37 | 36.73 | -4.42 | 0 | 2.76 | -12.94 | -6.05 | 0 | -5.34 | 0 | -10.39 | 0 | -4.90 | 0 | 0.99 | -6.6 | -2.65 | 0 | 116.23 | 48.92 | 72.90 | 9.35 | 27.10 | -18.69 | 0.43 | 46.72 | 16.15 | -10.87 |
| 2019 (6) | -0.26 | 0 | 10.51 | 13.99 | -1.14 | 0 | 3.17 | -20.16 | -1.69 | 0 | -1.69 | 0 | -2.73 | 0 | -1.47 | 0 | 1.06 | 24.71 | 1.97 | 0 | 78.05 | 170.16 | 66.67 | -38.1 | 33.33 | 0 | 0.29 | 272.37 | 18.12 | -34.23 |
| 2018 (5) | -0.96 | 0 | 9.22 | -38.49 | -8.09 | 0 | 3.97 | 27.24 | -7.51 | 0 | -8.20 | 0 | -9.04 | 0 | -7.01 | 0 | 0.85 | -9.57 | -3.23 | 0 | 28.89 | 0.38 | 107.69 | -56.25 | -7.69 | 0 | 0.08 | -75.67 | 27.55 | 16.34 |
| 2017 (4) | 0.14 | -77.42 | 14.99 | -13.65 | 2.09 | -46.13 | 3.12 | 9.73 | 0.86 | -75.07 | 0.86 | -75.07 | 1.23 | -78.53 | 1.21 | -67.03 | 0.94 | 2.17 | 4.68 | -34.82 | 28.78 | -64.17 | 246.15 | 117.44 | -146.15 | 0 | 0.32 | 0 | 23.68 | 6.96 |
| 2016 (3) | 0.62 | 106.67 | 17.36 | -0.4 | 3.88 | 0 | 2.85 | 21.86 | 3.45 | 121.15 | 3.45 | 121.15 | 5.73 | 108.36 | 3.67 | 82.59 | 0.92 | -10.68 | 7.18 | 57.8 | 80.33 | -0.81 | 113.21 | 0 | -13.21 | 0 | 0.00 | 0 | 22.14 | 4.58 |
| 2015 (2) | 0.30 | -47.37 | 17.43 | 18.81 | -2.25 | 0 | 2.34 | 8.97 | 1.56 | -47.47 | 1.56 | -47.47 | 2.75 | -48.6 | 2.01 | -45.38 | 1.03 | -5.5 | 4.55 | -23.4 | 80.99 | 33.03 | -148.00 | 0 | 248.00 | 561.33 | 0.00 | 0 | 21.17 | 4.29 |
| 2014 (1) | 0.57 | 0 | 14.67 | 0 | 1.84 | 0 | 2.14 | -26.56 | 2.97 | 0 | 2.97 | 0 | 5.35 | 0 | 3.68 | 0 | 1.09 | 13.54 | 5.94 | 0 | 60.88 | -13.45 | 62.50 | -20.16 | 37.50 | 72.67 | 0.00 | 0 | 20.30 | -1.69 |
