- 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) | -0.07 | 22.22 | -250.0 | 39.04 | 3.47 | -10.54 | 13.73 | 17.75 | -18.03 | 1.48 | 452.38 | -67.11 | -2.57 | 35.1 | -794.59 | -0.38 | 32.14 | -733.33 | 0.25 | 25.0 | -24.24 | 0.03 | 0.0 | 0.0 | 30.49 | 7.55 | -8.33 | 402.35 | -2.57 | -1.31 | 934.62 | 132.55 | 150.75 | -834.62 | -128.09 | -206.03 | 11.27 | 1.99 | -1.57 |
| 24Q2 (19) | -0.09 | 18.18 | -28.57 | 37.73 | -14.0 | 2.42 | 11.66 | -9.33 | 3.55 | -0.42 | 80.19 | -143.3 | -3.96 | 27.61 | -70.69 | -0.56 | 15.15 | -51.35 | 0.20 | 11.11 | -16.67 | 0.03 | 50.0 | 0.0 | 28.35 | -10.4 | 5.55 | 412.95 | 8.22 | 4.34 | -2871.43 | -376.01 | -344.96 | 2971.43 | 322.54 | 377.13 | 11.05 | -24.52 | 9.3 |
| 24Q1 (18) | -0.11 | -222.22 | 0.0 | 43.87 | 24.95 | -17.69 | 12.86 | -12.93 | -11.68 | -2.12 | -129.0 | 0.0 | -5.47 | -239.19 | 23.07 | -0.66 | -172.53 | 9.59 | 0.18 | -64.0 | 20.0 | 0.02 | -60.0 | 0.0 | 31.64 | 21.97 | -15.85 | 381.60 | -7.53 | -2.25 | -603.23 | -398.58 | 10.38 | 703.23 | 789.23 | -8.58 | 14.64 | 68.28 | -13.73 |
| 23Q4 (17) | 0.09 | 550.0 | 125.0 | 35.11 | -19.55 | -28.9 | 14.77 | -11.82 | -22.59 | 7.31 | 62.44 | -3.43 | 3.93 | 962.16 | 20.55 | 0.91 | 1416.67 | 89.58 | 0.50 | 51.52 | 25.0 | 0.05 | 66.67 | 66.67 | 25.94 | -22.01 | -26.18 | 412.68 | 1.22 | 5.86 | 202.03 | -45.8 | -19.93 | -102.03 | 62.59 | 33.01 | 8.70 | -24.02 | -34.44 |
| 23Q3 (16) | -0.02 | 71.43 | 33.33 | 43.64 | 18.46 | -8.7 | 16.75 | 48.76 | 5.88 | 4.50 | 363.92 | 43.77 | 0.37 | 115.95 | 133.04 | 0.06 | 116.22 | 142.86 | 0.33 | 37.5 | 26.92 | 0.03 | 0.0 | 0.0 | 33.26 | 23.83 | -6.44 | 407.70 | 3.01 | 6.23 | 372.73 | -68.2 | -25.78 | -272.73 | 74.56 | 32.19 | 11.45 | 13.25 | -10.96 |
| 23Q2 (15) | -0.07 | 36.36 | -187.5 | 36.84 | -30.88 | -24.09 | 11.26 | -22.66 | -35.66 | 0.97 | 145.75 | -86.55 | -2.32 | 67.37 | -149.47 | -0.37 | 49.32 | -162.71 | 0.24 | 60.0 | -36.84 | 0.03 | 50.0 | 0.0 | 26.86 | -28.56 | -27.8 | 395.78 | 1.38 | 4.1 | 1172.22 | 274.16 | 385.37 | -1072.22 | -239.39 | -652.69 | 10.11 | -40.42 | -17.33 |
| 23Q1 (14) | -0.11 | -375.0 | -1000.0 | 53.30 | 7.94 | -0.13 | 14.56 | -23.69 | -10.84 | -2.12 | -128.01 | -153.81 | -7.11 | -318.1 | -1147.37 | -0.73 | -252.08 | -1116.67 | 0.15 | -62.5 | -34.78 | 0.02 | -33.33 | 0.0 | 37.60 | 7.0 | -1.54 | 390.40 | 0.14 | 3.27 | -673.08 | -366.77 | -261.67 | 769.23 | 605.05 | 343.18 | 16.97 | 27.88 | 11.06 |
| 22Q4 (13) | 0.04 | 233.33 | -84.0 | 49.38 | 3.31 | 48.69 | 19.08 | 20.61 | 44.22 | 7.57 | 141.85 | -30.99 | 3.26 | 391.07 | -59.2 | 0.48 | 442.86 | -76.81 | 0.40 | 53.85 | -45.21 | 0.03 | 0.0 | -40.0 | 35.14 | -1.15 | 31.32 | 389.85 | 1.58 | 2.55 | 252.31 | -49.76 | 109.51 | -152.31 | 62.13 | -634.66 | 13.27 | 3.19 | 89.84 |
| 22Q3 (12) | -0.03 | -137.5 | 62.5 | 47.80 | -1.5 | 19.44 | 15.82 | -9.6 | 126.0 | 3.13 | -56.59 | 194.28 | -1.12 | -123.88 | 81.55 | -0.14 | -123.73 | 79.41 | 0.26 | -31.58 | 160.0 | 0.03 | 0.0 | 50.0 | 35.55 | -4.44 | 22.25 | 383.78 | 0.94 | -2.38 | 502.22 | 107.95 | 337.61 | -402.22 | -182.35 | -229.18 | 12.86 | 5.15 | -0.16 |
| 22Q2 (11) | 0.08 | 900.0 | 180.0 | 48.53 | -9.07 | 14.19 | 17.50 | 7.16 | 147.52 | 7.21 | 82.99 | 208.1 | 4.69 | 922.81 | 157.97 | 0.59 | 1083.33 | 169.41 | 0.38 | 65.22 | 322.22 | 0.03 | 50.0 | 50.0 | 37.20 | -2.59 | 31.68 | 380.19 | 0.57 | 5.42 | 241.51 | -41.99 | 328.24 | -142.45 | 54.97 | -169.61 | 12.23 | -19.96 | -11.57 |
| 22Q1 (10) | -0.01 | -104.0 | 0 | 53.37 | 60.7 | -3.16 | 16.33 | 23.43 | -16.08 | 3.94 | -64.08 | -38.72 | -0.57 | -107.13 | -186.36 | -0.06 | -102.9 | -185.71 | 0.23 | -68.49 | -17.86 | 0.02 | -60.0 | 0.0 | 38.19 | 42.71 | -8.0 | 378.02 | -0.57 | 5.78 | 416.33 | 245.71 | 37.66 | -316.33 | -1425.81 | -56.26 | 15.28 | 118.6 | 9.06 |
| 21Q4 (9) | 0.25 | 412.5 | -35.9 | 33.21 | -17.02 | -5.38 | 13.23 | 89.0 | 1845.59 | 10.97 | 430.42 | -55.37 | 7.99 | 231.63 | -59.34 | 2.07 | 404.41 | -31.46 | 0.73 | 630.0 | -15.12 | 0.05 | 150.0 | 66.67 | 26.76 | -7.98 | -43.0 | 380.17 | -3.3 | 4.42 | 120.43 | 156.98 | 4124.2 | -20.73 | -106.66 | -121.34 | 6.99 | -45.73 | -45.73 |
| 21Q3 (8) | -0.08 | 20.0 | -133.33 | 40.02 | -5.84 | -6.69 | 7.00 | -0.99 | -59.72 | -3.32 | 50.22 | -120.6 | -6.07 | 24.97 | -154.98 | -0.68 | 20.0 | -133.83 | 0.10 | 11.11 | -85.51 | 0.02 | 0.0 | -50.0 | 29.08 | 2.94 | -23.11 | 393.13 | 9.01 | 3.93 | -211.36 | -99.75 | -296.02 | 311.36 | 52.14 | 4078.54 | 12.88 | -6.87 | 55.18 |
| 21Q2 (7) | -0.10 | 0 | -211.11 | 42.50 | -22.88 | 9.54 | 7.07 | -63.67 | 450.0 | -6.67 | -203.73 | -164.01 | -8.09 | -1325.76 | -235.74 | -0.85 | -1314.29 | -225.0 | 0.09 | -67.86 | -78.57 | 0.02 | 0.0 | 0.0 | 28.25 | -31.94 | -36.77 | 360.63 | 0.91 | -8.31 | -105.81 | -134.99 | -436.63 | 204.65 | 201.09 | 70.94 | 13.83 | -1.28 | 0 |
| 21Q1 (6) | 0.00 | -100.0 | 100.0 | 55.11 | 57.01 | 27.54 | 19.46 | 2761.76 | 188.72 | 6.43 | -73.84 | 56.07 | 0.66 | -96.64 | 162.86 | 0.07 | -97.68 | 158.33 | 0.28 | -67.44 | 3.7 | 0.02 | -33.33 | -33.33 | 41.51 | -11.59 | 9.76 | 357.37 | -1.85 | -0.75 | 302.44 | 10508.63 | 84.65 | -202.44 | -308.38 | -217.34 | 14.01 | 8.77 | 4.87 |
| 20Q4 (5) | 0.39 | 62.5 | 457.14 | 35.10 | -18.16 | 19.55 | 0.68 | -96.09 | 105.54 | 24.58 | 52.48 | 320.89 | 19.65 | 77.99 | 320.77 | 3.02 | 50.25 | 371.87 | 0.86 | 24.64 | 86.96 | 0.03 | -25.0 | 0.0 | 46.95 | 24.14 | 34.95 | 364.09 | -3.75 | 2.14 | 2.85 | -97.36 | 101.36 | 97.15 | 1341.35 | -68.68 | 12.88 | 55.18 | 0 |
| 20Q3 (4) | 0.24 | 166.67 | 0.0 | 42.89 | 10.54 | 0.0 | 17.38 | 960.4 | 0.0 | 16.12 | 54.7 | 0.0 | 11.04 | 85.23 | 0.0 | 2.01 | 195.59 | 0.0 | 0.69 | 64.29 | 0.0 | 0.04 | 100.0 | 0.0 | 37.82 | -15.35 | 0.0 | 378.28 | -3.82 | 0.0 | 107.83 | 646.83 | 0.0 | -7.83 | -106.54 | 0.0 | 8.30 | 0 | 0.0 |
| 20Q2 (3) | 0.09 | 550.0 | 0.0 | 38.80 | -10.21 | 0.0 | -2.02 | -129.97 | 0.0 | 10.42 | 152.91 | 0.0 | 5.96 | 667.62 | 0.0 | 0.68 | 666.67 | 0.0 | 0.42 | 55.56 | 0.0 | 0.02 | -33.33 | 0.0 | 44.68 | 18.14 | 0.0 | 393.30 | 9.23 | 0.0 | -19.72 | -112.04 | 0.0 | 119.72 | 287.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.02 | -128.57 | 0.0 | 43.21 | 47.17 | 0.0 | 6.74 | 154.89 | 0.0 | 4.12 | -29.45 | 0.0 | -1.05 | -122.48 | 0.0 | -0.12 | -118.75 | 0.0 | 0.27 | -41.3 | 0.0 | 0.03 | 0.0 | 0.0 | 37.82 | 8.71 | 0.0 | 360.08 | 1.02 | 0.0 | 163.79 | 177.92 | 0.0 | -63.79 | -120.56 | 0.0 | 13.36 | 0 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | 29.36 | 0.0 | 0.0 | -12.28 | 0.0 | 0.0 | 5.84 | 0.0 | 0.0 | 4.67 | 0.0 | 0.0 | 0.64 | 0.0 | 0.0 | 0.46 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 34.79 | 0.0 | 0.0 | 356.46 | 0.0 | 0.0 | -210.20 | 0.0 | 0.0 | 310.20 | 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) | -0.11 | 0 | 40.42 | -18.56 | 14.31 | -17.28 | 11.83 | -22.43 | 3.57 | -36.59 | -0.22 | 0 | -0.14 | 0 | 1.20 | -4.76 | 0.13 | 30.0 | 29.72 | -18.4 | 412.68 | 5.86 | 401.12 | 30.54 | -301.12 | 0 | 6.86 | 0.63 | 11.01 | -17.47 |
| 2022 (9) | 0.08 | 14.29 | 49.63 | 23.12 | 17.30 | 43.81 | 15.25 | 15.9 | 5.63 | 38.33 | 1.73 | 88.04 | 0.87 | 64.15 | 1.26 | 5.88 | 0.10 | -16.67 | 36.42 | 20.52 | 389.85 | 2.55 | 307.27 | 4.16 | -207.58 | 0 | 6.82 | 3.25 | 13.34 | 24.56 |
| 2021 (8) | 0.07 | -89.86 | 40.31 | 0.78 | 12.03 | 80.09 | 13.16 | -5.0 | 4.07 | -72.48 | 0.92 | -90.66 | 0.53 | -90.26 | 1.19 | -47.58 | 0.12 | 0.0 | 30.22 | -27.56 | 380.17 | 4.42 | 295.00 | 552.52 | -195.00 | 0 | 6.60 | 8.07 | 10.71 | -7.03 |
| 2020 (7) | 0.69 | 53.33 | 40.00 | -9.28 | 6.68 | -30.92 | 13.85 | -6.7 | 14.79 | 16.55 | 9.85 | 33.65 | 5.44 | 45.07 | 2.27 | 10.19 | 0.12 | 0.0 | 41.72 | -0.26 | 364.09 | 2.14 | 45.21 | -40.58 | 54.79 | 130.35 | 6.11 | 5.25 | 11.52 | -3.84 |
| 2019 (6) | 0.45 | -88.06 | 44.09 | 94.74 | 9.67 | -27.94 | 14.85 | 568.94 | 12.69 | 8.0 | 7.37 | -31.7 | 3.75 | -88.11 | 2.06 | -69.16 | 0.12 | -76.47 | 41.83 | 143.48 | 356.46 | 17.28 | 76.09 | -33.4 | 23.79 | 0 | 5.80 | 5.28 | 11.98 | 345.35 |
| 2018 (5) | 3.77 | 0 | 22.64 | -20.95 | 13.42 | 0 | 2.22 | -39.57 | 11.75 | 0 | 10.79 | 0 | 31.54 | 0 | 6.68 | 0 | 0.51 | 168.42 | 17.18 | 168.44 | 303.95 | -56.57 | 114.26 | 318.64 | -14.23 | 0 | 5.51 | 0 | 2.69 | -52.64 |
| 2017 (4) | -0.85 | 0 | 28.64 | -46.42 | -0.90 | 0 | 3.67 | -65.66 | -3.30 | 0 | -4.99 | 0 | -7.57 | 0 | -0.12 | 0 | 0.19 | 375.0 | 6.40 | 0 | 699.81 | -0.41 | 27.29 | -73.38 | 72.49 | 0 | 0.00 | 0 | 5.68 | -72.78 |
| 2016 (3) | -5.56 | 0 | 53.45 | 19.23 | -147.89 | 0 | 10.69 | -12.04 | -144.21 | 0 | -147.46 | 0 | -41.42 | 0 | -5.96 | 0 | 0.04 | -20.0 | -114.03 | 0 | 702.67 | 67.69 | 102.54 | 34.94 | -2.56 | 0 | 0.00 | 0 | 20.87 | 3.99 |
| 2015 (2) | -1.54 | 0 | 44.83 | -4.54 | -26.21 | 0 | 12.16 | 9.57 | -34.50 | 0 | -38.07 | 0 | -8.77 | 0 | -1.33 | 0 | 0.05 | -16.67 | -5.80 | 0 | 419.03 | 29.91 | 75.99 | 0 | 24.01 | -77.01 | 0.00 | 0 | 20.07 | 6.98 |
| 2014 (1) | -0.48 | 0 | 46.96 | 0 | 0.25 | 0 | 11.10 | 778.21 | -5.98 | 0 | -10.87 | 0 | -2.38 | 0 | -0.15 | 0 | 0.06 | -86.96 | 17.25 | -54.23 | 322.55 | 33.85 | -4.42 | 0 | 104.42 | 0 | 0.00 | 0 | 18.76 | 780.75 |
