- 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) | -0.19 | -182.61 | -135.19 | 88.08 | 1.39 | 8.14 | 9.06 | -11.0 | 24.62 | -13.13 | -293.66 | -152.19 | -7.91 | -181.21 | -135.12 | -0.90 | -182.57 | -134.62 | 0.40 | -66.94 | -77.53 | 0.05 | 25.0 | 25.0 | 23.48 | -47.55 | -66.26 | 147.96 | -0.42 | -10.85 | -68.00 | -144.74 | -336.74 | 168.00 | 423.08 | 135.7 | 29.27 | 0.0 | 9.42 |
| 24Q2 (19) | 0.23 | -20.69 | 4.55 | 86.87 | 4.93 | 6.58 | 10.18 | 662.43 | 1.7 | 6.78 | -8.5 | 20.64 | 9.74 | -27.37 | 10.93 | 1.09 | -21.01 | 5.83 | 1.21 | -9.02 | 4.31 | 0.04 | 0.0 | 0.0 | 44.77 | -15.29 | -8.73 | 148.59 | -7.36 | -12.94 | 152.00 | 733.33 | -13.73 | -52.00 | -141.94 | 31.75 | 29.27 | -8.33 | 12.4 |
| 24Q1 (18) | 0.29 | 185.29 | 211.54 | 82.79 | -0.37 | 4.7 | -1.81 | -152.62 | -24.83 | 7.41 | 122.4 | 134.23 | 13.41 | 193.0 | 212.97 | 1.38 | 185.19 | 213.11 | 1.33 | 533.33 | 411.54 | 0.04 | 0.0 | 0.0 | 52.85 | 407.68 | 106.93 | 160.40 | -0.07 | -6.91 | -24.00 | -123.38 | -436.0 | 124.00 | 12.81 | 31.52 | 31.93 | 10.83 | 9.76 |
| 23Q4 (17) | -0.34 | -162.96 | -118.78 | 83.10 | 2.03 | 3.31 | 3.44 | -52.68 | 263.03 | -33.08 | -231.48 | -123.87 | -14.42 | -164.03 | -118.89 | -1.62 | -162.31 | -118.49 | 0.21 | -88.2 | -94.34 | 0.04 | 0.0 | 0.0 | 10.41 | -85.04 | -94.26 | 160.52 | -3.28 | -6.18 | -10.74 | -137.4 | -650.53 | 109.92 | 54.21 | 8.15 | 28.81 | 7.7 | -18.5 |
| 23Q3 (16) | 0.54 | 145.45 | 10.2 | 81.45 | -0.07 | -2.34 | 7.27 | -27.37 | -35.2 | 25.16 | 347.69 | -6.19 | 22.52 | 156.49 | 26.23 | 2.60 | 152.43 | 1.96 | 1.78 | 53.45 | 30.88 | 0.04 | 0.0 | -20.0 | 69.60 | 41.9 | 14.89 | 165.97 | -2.76 | -18.68 | 28.72 | -83.7 | -31.31 | 71.28 | 193.55 | 22.51 | 26.75 | 2.73 | 18.73 |
| 23Q2 (15) | 0.22 | 184.62 | -56.0 | 81.51 | 3.09 | -0.73 | 10.01 | 790.34 | -22.4 | 5.62 | 125.96 | -85.38 | 8.78 | 173.97 | -42.01 | 1.03 | 184.43 | -48.5 | 1.16 | 346.15 | 14.85 | 0.04 | 0.0 | 0.0 | 49.05 | 92.05 | -30.72 | 170.68 | -0.94 | -17.84 | 176.19 | 2366.67 | 421.07 | -76.19 | -180.81 | -213.88 | 26.04 | -10.48 | 6.42 |
| 23Q1 (14) | -0.26 | -114.36 | -750.0 | 79.07 | -1.7 | 7.83 | -1.45 | 31.28 | 89.91 | -21.65 | -115.62 | -332.14 | -11.87 | -115.55 | -741.62 | -1.22 | -113.93 | -862.5 | 0.26 | -92.99 | -29.73 | 0.04 | 0.0 | 33.33 | 25.54 | -85.91 | -37.98 | 172.30 | 0.71 | -18.01 | 7.14 | 598.98 | -97.48 | 94.29 | -7.23 | 151.43 | 29.09 | -17.71 | -6.76 |
| 22Q4 (13) | 1.81 | 269.39 | -89.78 | 80.44 | -3.55 | -1.95 | -2.11 | -118.81 | 80.46 | 138.56 | 416.63 | 595.92 | 76.32 | 327.8 | -90.43 | 8.76 | 243.53 | 450.4 | 3.71 | 172.79 | 1584.0 | 0.04 | -20.0 | 33.33 | 181.30 | 199.27 | 1750.0 | 171.09 | -16.17 | -19.32 | -1.43 | -103.42 | -103.8 | 101.64 | 74.69 | 66.97 | 35.35 | 56.9 | -25.92 |
| 22Q3 (12) | 0.49 | -2.0 | 248.48 | 83.40 | 1.57 | 2.98 | 11.22 | -13.02 | 737.31 | 26.82 | -30.25 | 381.13 | 17.84 | 17.83 | 221.11 | 2.55 | 27.5 | 234.21 | 1.36 | 34.65 | 1600.0 | 0.05 | 25.0 | 66.67 | 60.58 | -14.44 | 148.28 | 204.09 | -1.76 | -77.32 | 41.82 | 23.68 | 434.55 | 58.18 | -13.04 | -48.28 | 22.53 | -7.93 | -17.83 |
| 22Q2 (11) | 0.50 | 1150.0 | 204.17 | 82.11 | 11.97 | 10.32 | 12.90 | 189.77 | 192.21 | 38.45 | 867.47 | 180.56 | 15.14 | 718.38 | 147.12 | 2.00 | 1150.0 | 133.11 | 1.01 | 172.97 | 324.44 | 0.04 | 33.33 | 100.0 | 70.80 | 71.93 | 1577.73 | 207.74 | -1.15 | -72.69 | 33.81 | -88.07 | 16.14 | 66.91 | 136.49 | -5.61 | 24.47 | -21.57 | -5.88 |
| 22Q1 (10) | 0.04 | -99.77 | 111.11 | 73.33 | -10.62 | 16.66 | -14.37 | -33.06 | 61.0 | -5.01 | 82.07 | 88.95 | 1.85 | -99.77 | 107.39 | 0.16 | 106.4 | 103.76 | 0.37 | 248.0 | 260.87 | 0.03 | 0.0 | 50.0 | 41.18 | 320.2 | 186.57 | 210.16 | -0.9 | -69.07 | 283.33 | 651.92 | 250.56 | -183.33 | -401.19 | -1055.95 | 31.20 | -34.62 | -18.09 |
| 21Q4 (9) | 17.71 | 5466.67 | 1505.56 | 82.04 | 1.3 | 26.53 | -10.80 | -905.97 | 71.22 | -27.94 | -192.87 | 80.44 | 797.72 | 5515.61 | 1065.3 | -2.50 | -31.58 | 81.32 | -0.25 | -412.5 | 84.38 | 0.03 | 0.0 | 50.0 | 9.80 | -59.84 | 111.42 | 212.07 | -76.44 | -66.4 | 37.68 | 401.45 | 44.15 | 60.87 | -45.89 | -17.59 | 47.72 | 74.03 | 27.42 |
| 21Q3 (8) | -0.33 | 31.25 | 17.5 | 80.99 | 8.81 | 12.97 | 1.34 | 109.58 | 108.23 | -9.54 | 80.01 | 76.23 | -14.73 | 54.15 | 35.11 | -1.90 | 68.54 | 50.52 | 0.08 | 117.78 | 130.77 | 0.03 | 50.0 | 0.0 | 24.40 | 478.2 | 217.3 | 900.05 | 18.34 | 61.42 | -12.50 | -142.93 | -130.47 | 112.50 | 58.71 | 86.7 | 27.42 | 5.46 | -14.45 |
| 21Q2 (7) | -0.48 | -33.33 | 34.25 | 74.43 | 18.41 | 69.01 | -13.99 | 62.04 | 84.63 | -47.73 | -5.27 | 63.87 | -32.13 | -28.31 | 60.47 | -6.04 | -42.12 | 7.5 | -0.45 | -95.65 | 37.5 | 0.02 | 0.0 | 100.0 | 4.22 | -70.63 | 112.79 | 760.57 | 11.92 | 44.04 | 29.11 | -63.98 | -57.77 | 70.89 | 269.62 | 128.22 | 26.00 | -31.74 | 0 |
| 21Q1 (6) | -0.36 | 71.43 | -620.0 | 62.86 | -3.05 | -20.71 | -36.85 | 1.79 | -656.67 | -45.34 | 68.26 | -195.37 | -25.04 | 69.7 | -1171.07 | -4.25 | 68.24 | -911.9 | -0.23 | 85.62 | -156.1 | 0.02 | 0.0 | -50.0 | 14.37 | 116.75 | -42.1 | 679.54 | 7.68 | 38.74 | 80.82 | 209.18 | 148.24 | 19.18 | -74.03 | -71.56 | 38.09 | 1.71 | 17.42 |
| 20Q4 (5) | -1.26 | -215.0 | -740.0 | 64.84 | -9.56 | -23.31 | -37.52 | -130.33 | -336.42 | -142.86 | -255.99 | -3325.9 | -82.64 | -264.05 | -1925.49 | -13.38 | -248.44 | -987.8 | -1.60 | -515.38 | -633.33 | 0.02 | -33.33 | -60.0 | -85.80 | -1215.73 | -456.61 | 631.09 | 13.19 | 27.99 | 26.14 | -36.28 | 107.05 | 73.86 | 22.57 | -84.3 | 37.45 | 16.85 | 39.22 |
| 20Q3 (4) | -0.40 | 45.21 | 0.0 | 71.69 | 62.78 | 0.0 | -16.29 | 82.1 | 0.0 | -40.13 | 69.63 | 0.0 | -22.70 | 72.07 | 0.0 | -3.84 | 41.19 | 0.0 | -0.26 | 63.89 | 0.0 | 0.03 | 200.0 | 0.0 | 7.69 | 123.3 | 0.0 | 557.57 | 5.6 | 0.0 | 41.03 | -40.49 | 0.0 | 60.26 | 94.0 | 0.0 | 32.05 | 0 | 0.0 |
| 20Q2 (3) | -0.73 | -1360.0 | 0.0 | 44.04 | -44.45 | 0.0 | -91.03 | -1769.2 | 0.0 | -132.12 | -760.72 | 0.0 | -81.28 | -4025.89 | 0.0 | -6.53 | -1454.76 | 0.0 | -0.72 | -275.61 | 0.0 | 0.01 | -75.0 | 0.0 | -33.00 | -232.96 | 0.0 | 528.01 | 7.8 | 0.0 | 68.94 | 111.74 | 0.0 | 31.06 | -53.94 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.05 | 66.67 | 0.0 | 79.28 | -6.23 | 0.0 | -4.87 | -130.69 | 0.0 | -15.35 | -268.11 | 0.0 | -1.97 | 51.72 | 0.0 | -0.42 | 65.85 | 0.0 | 0.41 | 36.67 | 0.0 | 0.04 | -20.0 | 0.0 | 24.82 | 3.16 | 0.0 | 489.80 | -0.67 | 0.0 | 32.56 | 108.79 | 0.0 | 67.44 | -85.67 | 0.0 | 32.44 | 20.59 | 0.0 |
| 19Q4 (1) | -0.15 | 0.0 | 0.0 | 84.55 | 0.0 | 0.0 | 15.87 | 0.0 | 0.0 | -4.17 | 0.0 | 0.0 | -4.08 | 0.0 | 0.0 | -1.23 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 24.06 | 0.0 | 0.0 | 493.08 | 0.0 | 0.0 | -370.59 | 0.0 | 0.0 | 470.59 | 0.0 | 0.0 | 26.90 | 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 | -94.07 | 81.34 | 0.99 | 5.03 | 33.78 | 17.73 | -4.82 | -5.29 | 0 | 1.80 | -93.89 | 0.81 | -94.01 | 3.47 | -46.94 | 0.17 | 6.25 | 39.36 | -56.88 | 160.52 | -6.18 | -94.74 | 0 | 194.74 | 109.43 | 8.29 | -2.77 | 27.62 | -0.9 |
| 2022 (9) | 2.70 | -83.67 | 80.54 | 5.35 | 3.76 | 0 | 18.62 | -22.79 | 53.28 | 0 | 29.47 | -86.75 | 13.52 | 0 | 6.54 | 0 | 0.16 | 45.45 | 91.28 | 551.53 | 171.09 | -19.32 | 7.02 | -83.7 | 92.98 | 63.23 | 8.52 | -7.28 | 27.87 | -21.0 |
| 2021 (8) | 16.53 | 0 | 76.45 | 10.38 | -12.83 | 0 | 24.12 | -14.79 | -29.73 | 0 | 222.41 | 0 | -8.28 | 0 | -0.81 | 0 | 0.11 | 10.0 | 14.01 | 0 | 212.07 | -66.4 | 43.03 | 6.83 | 56.97 | -4.28 | 9.19 | -2.81 | 35.28 | -2.94 |
| 2020 (7) | -2.45 | 0 | 69.26 | -18.23 | -26.89 | 0 | 28.30 | 107.82 | -66.58 | 0 | -36.44 | 0 | -24.01 | 0 | -2.15 | 0 | 0.10 | -54.55 | -12.67 | 0 | 631.09 | 27.99 | 40.28 | -94.87 | 59.51 | 0 | 9.46 | -3.73 | 36.35 | 50.89 |
| 2019 (6) | -0.04 | 0 | 84.70 | 5.19 | 14.45 | 106.13 | 13.62 | -21.51 | 1.86 | -94.54 | -0.31 | 0 | -0.36 | 0 | 2.28 | -60.28 | 0.22 | 4.76 | 31.51 | -52.37 | 493.08 | 43.03 | 785.71 | 3713.59 | -682.14 | 0 | 9.82 | 46.24 | 24.09 | -3.25 |
| 2018 (5) | 2.08 | 0 | 80.52 | 6.16 | 7.01 | -30.39 | 17.35 | -22.35 | 34.07 | 1066.78 | 18.18 | 0 | 17.45 | 0 | 5.74 | 275.16 | 0.21 | -19.23 | 66.15 | 87.34 | 344.75 | -11.09 | 20.60 | -93.98 | 79.40 | 0 | 6.72 | 0 | 24.90 | 8.73 |
| 2017 (4) | -0.02 | 0 | 75.85 | -1.04 | 10.07 | -21.27 | 22.34 | 7.61 | 2.92 | -63.41 | -0.17 | 0 | -0.20 | 0 | 1.53 | -41.38 | 0.26 | -16.13 | 35.31 | -2.24 | 387.74 | 23.47 | 342.50 | 114.79 | -245.00 | 0 | 0.00 | 0 | 22.90 | 3.53 |
| 2016 (3) | 0.62 | 3.33 | 76.65 | -0.49 | 12.79 | 5.44 | 20.76 | 13.35 | 7.98 | -6.56 | 4.43 | -32.26 | 5.02 | 3.72 | 2.61 | 2.35 | 0.31 | 14.81 | 36.12 | 13.19 | 314.04 | 39.52 | 159.46 | 12.38 | -60.36 | 0 | 0.00 | 0 | 22.12 | 3.9 |
| 2015 (2) | 0.60 | -14.29 | 77.03 | 0.01 | 12.13 | -20.09 | 18.32 | 9.29 | 8.54 | -37.94 | 6.54 | -26.68 | 4.84 | -16.84 | 2.55 | -22.02 | 0.27 | -6.9 | 31.91 | -7.18 | 225.09 | 82.45 | 141.89 | 28.63 | -41.89 | 0 | 0.00 | 0 | 21.29 | 2.06 |
| 2014 (1) | 0.70 | 59.09 | 77.02 | 0 | 15.18 | 0 | 16.76 | -5.7 | 13.76 | 0 | 8.92 | 0 | 5.82 | 0 | 3.27 | 0 | 0.29 | 0.0 | 34.38 | 9.04 | 123.37 | -7.04 | 110.31 | -21.56 | -10.31 | 0 | 0.00 | 0 | 20.86 | -3.96 |
