- 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) | -0.91 | -4450.0 | -506.67 | 27.29 | 3.65 | -2.81 | -3.76 | 34.72 | -37.73 | -149.44 | -1152.39 | -251.46 | -101.71 | -3395.19 | -463.18 | -0.97 | -4750.0 | -259.26 | -0.79 | 0 | -364.71 | 0.01 | 0.0 | 0.0 | -126.83 | -427.56 | -559.54 | 21.37 | 15.76 | -23.05 | 2.45 | 106.05 | -59.29 | 97.35 | -30.7 | 4.41 | 38.46 | -12.85 | 7.28 |
| 24Q2 (19) | -0.02 | -100.47 | -101.47 | 26.33 | -15.47 | -3.31 | -5.76 | -185.97 | 31.59 | 14.20 | -97.45 | -94.54 | -2.91 | -100.65 | -101.6 | -0.02 | -100.36 | -100.76 | 0.00 | -100.0 | -100.0 | 0.01 | 0.0 | 0.0 | 38.72 | -93.29 | -86.45 | 18.46 | 8.27 | -25.14 | -40.48 | -3408.93 | -1158.28 | 140.48 | 42.14 | 36.1 | 44.13 | 27.21 | 11.44 |
| 24Q1 (18) | 4.29 | 1146.34 | 694.44 | 31.15 | 42.43 | -14.16 | 6.70 | 108.92 | 318.75 | 556.45 | 1184.7 | 763.38 | 446.78 | 1014.78 | 767.53 | 5.53 | 827.63 | 303.65 | 4.58 | 932.73 | 328.04 | 0.01 | 0.0 | -50.0 | 576.77 | 2201.17 | 597.93 | 17.05 | -42.92 | -47.1 | 1.22 | -99.17 | -49.24 | 98.83 | 312.55 | 1.27 | 34.69 | 4.96 | 1.61 |
| 23Q4 (17) | -0.41 | -173.33 | -115.02 | 21.87 | -22.12 | 145.25 | -75.14 | -2652.38 | 37.09 | -51.30 | -20.65 | -120.65 | -48.84 | -170.43 | -119.87 | -0.76 | -181.48 | -109.67 | -0.55 | -223.53 | -109.67 | 0.01 | 0.0 | -50.0 | -27.45 | -42.75 | -110.06 | 29.87 | 7.56 | -23.13 | 146.50 | 2335.51 | 404.75 | -46.50 | -149.87 | -131.38 | 33.05 | -7.81 | -75.25 |
| 23Q3 (16) | -0.15 | -111.03 | -168.18 | 28.08 | 3.12 | 61.66 | -2.73 | 67.58 | 89.47 | -42.52 | -116.36 | -280.94 | -18.06 | -109.93 | -177.11 | -0.27 | -110.27 | -140.3 | -0.17 | -108.1 | -134.0 | 0.01 | 0.0 | -50.0 | -19.23 | -106.73 | -137.2 | 27.77 | 12.61 | -30.97 | 6.02 | 286.99 | 105.49 | 93.23 | -9.67 | -55.53 | 35.85 | -9.47 | -23.41 |
| 23Q2 (15) | 1.36 | 151.85 | 4433.33 | 27.23 | -24.97 | 498.1 | -8.42 | -626.25 | 88.12 | 259.85 | 303.18 | 4747.95 | 181.86 | 253.13 | 3494.07 | 2.63 | 91.97 | 2530.0 | 2.10 | 96.26 | 1515.38 | 0.01 | -50.0 | 0.0 | 285.82 | 245.86 | 519.33 | 24.66 | -23.49 | -60.31 | -3.22 | -233.5 | 99.76 | 103.22 | 5.77 | -92.9 | 39.60 | 15.99 | -52.48 |
| 23Q1 (14) | 0.54 | -80.22 | 2800.0 | 36.29 | 175.09 | 1.09 | 1.60 | 101.34 | -59.08 | 64.45 | -74.05 | 5426.45 | 51.50 | -79.05 | 3165.48 | 1.37 | -82.57 | 2383.33 | 1.07 | -81.2 | 0 | 0.02 | 0.0 | -33.33 | 82.64 | -69.7 | 340.98 | 32.23 | -17.06 | -9.39 | 2.41 | 105.01 | 100.71 | 97.59 | -34.14 | -78.78 | 34.14 | -74.44 | 8.21 |
| 22Q4 (13) | 2.73 | 1140.91 | 2830.0 | -48.33 | -378.24 | -319.68 | -119.44 | -360.62 | -563.56 | 248.41 | 957.06 | 3613.58 | 245.81 | 949.57 | 2971.61 | 7.86 | 1073.13 | 2556.25 | 5.69 | 1038.0 | 3094.74 | 0.02 | 0.0 | -33.33 | 272.73 | 427.52 | 1917.23 | 38.86 | -3.41 | -10.93 | -48.07 | 56.15 | -118.73 | 148.17 | -29.32 | 194.58 | 133.56 | 185.32 | 184.59 |
| 22Q3 (12) | 0.22 | 633.33 | 15.79 | 17.37 | 353.95 | 1146.39 | -25.93 | 63.43 | 47.47 | 23.50 | 338.43 | -11.45 | 23.42 | 362.85 | -11.76 | 0.67 | 570.0 | 9.84 | 0.50 | 284.62 | 0.0 | 0.02 | 100.0 | 0.0 | 51.70 | 12.03 | -4.61 | 40.23 | -35.25 | 30.62 | -109.64 | 91.86 | 40.96 | 209.64 | -85.58 | -26.26 | 46.81 | -43.83 | -28.0 |
| 22Q2 (11) | 0.03 | 250.0 | 109.68 | -6.84 | -119.05 | 28.45 | -70.90 | -1913.3 | -3.11 | 5.36 | 542.98 | 112.83 | 5.06 | 401.19 | 112.25 | 0.10 | 266.67 | 109.9 | 0.13 | 0 | 116.46 | 0.01 | -66.67 | -50.0 | 46.15 | 146.26 | 404.42 | 62.13 | 74.67 | 124.78 | -1346.15 | -295.93 | -921.86 | 1453.85 | 216.05 | 2348.62 | 83.34 | 164.15 | 5.76 |
| 22Q1 (10) | -0.02 | 80.0 | 0.0 | 35.90 | 63.18 | -0.5 | 3.91 | 121.72 | -12.33 | -1.21 | 82.89 | 0.82 | -1.68 | 80.37 | -38.84 | -0.06 | 81.25 | 0.0 | 0.00 | 100.0 | 100.0 | 0.03 | 0.0 | -25.0 | 18.74 | 38.61 | 55.91 | 35.57 | -18.47 | 68.42 | -340.00 | -232.47 | 4.8 | 460.00 | 393.62 | 3.87 | 31.55 | -32.77 | -2.86 |
| 21Q4 (9) | -0.10 | -152.63 | 16.67 | 22.00 | 1425.3 | 20.88 | -18.00 | 63.53 | 0.66 | -7.07 | -126.64 | 19.84 | -8.56 | -132.25 | -7.67 | -0.32 | -152.46 | 21.95 | -0.19 | -138.0 | 45.71 | 0.03 | 50.0 | -25.0 | 13.52 | -75.06 | 253.0 | 43.63 | 41.66 | 130.36 | 256.67 | 238.21 | 25.87 | -156.67 | -155.11 | -50.75 | 46.93 | -27.81 | -13.14 |
| 21Q3 (8) | 0.19 | 161.29 | -26.92 | -1.66 | 82.64 | -108.88 | -49.36 | 28.21 | -164.81 | 26.54 | 163.51 | 83.92 | 26.54 | 164.26 | 53.23 | 0.61 | 160.4 | -31.46 | 0.50 | 163.29 | -36.71 | 0.02 | 0.0 | -60.0 | 54.20 | 457.52 | 103.84 | 30.80 | 11.43 | 133.51 | -185.71 | -213.38 | -43.84 | 284.29 | 539.7 | 23.4 | 65.01 | -17.5 | 17.05 |
| 21Q2 (7) | -0.31 | -1450.0 | -416.67 | -9.56 | -126.5 | -170.35 | -68.76 | -1641.7 | -118.56 | -41.79 | -3325.41 | -3470.16 | -41.30 | -3313.22 | -526.71 | -1.01 | -1583.33 | -380.95 | -0.79 | -2533.33 | -338.89 | 0.02 | -50.0 | -33.33 | -15.16 | -226.12 | -172.54 | 27.64 | 30.87 | 122.37 | 163.79 | 145.86 | 106.24 | -64.66 | -114.6 | -102.37 | 78.80 | 142.61 | 0 |
| 21Q1 (6) | -0.02 | 83.33 | 71.43 | 36.08 | 98.24 | -7.37 | 4.46 | 124.61 | -31.07 | -1.22 | 86.17 | 75.65 | -1.21 | 84.78 | 72.37 | -0.06 | 85.37 | 73.91 | -0.03 | 91.43 | 85.0 | 0.04 | 0.0 | -20.0 | 12.02 | 213.84 | 74.2 | 21.12 | 11.51 | 92.17 | -357.14 | -275.14 | -177.78 | 442.86 | 526.15 | 96.83 | 32.48 | -39.89 | -0.31 |
| 20Q4 (5) | -0.12 | -146.15 | -185.71 | 18.20 | -2.67 | -48.99 | -18.12 | 2.79 | -786.36 | -8.82 | -161.12 | -247.49 | -7.95 | -145.9 | -219.73 | -0.41 | -146.07 | -183.67 | -0.35 | -144.3 | -181.4 | 0.04 | -20.0 | -33.33 | 3.83 | -85.6 | -73.42 | 18.94 | 43.59 | 35.19 | 203.92 | 257.94 | 346.69 | -103.92 | -145.11 | -283.86 | 54.03 | -2.72 | 47.87 |
| 20Q3 (4) | 0.26 | 533.33 | 0.0 | 18.70 | 37.6 | 0.0 | -18.64 | 40.75 | 0.0 | 14.43 | 1063.71 | 0.0 | 17.32 | 362.82 | 0.0 | 0.89 | 523.81 | 0.0 | 0.79 | 538.89 | 0.0 | 0.05 | 66.67 | 0.0 | 26.59 | 27.22 | 0.0 | 13.19 | 6.11 | 0.0 | -129.11 | 95.08 | 0.0 | 230.38 | -91.55 | 0.0 | 55.54 | 0 | 0.0 |
| 20Q2 (3) | -0.06 | 14.29 | 0.0 | 13.59 | -65.11 | 0.0 | -31.46 | -586.24 | 0.0 | 1.24 | 124.75 | 0.0 | -6.59 | -50.46 | 0.0 | -0.21 | 8.7 | 0.0 | -0.18 | 10.0 | 0.0 | 0.03 | -40.0 | 0.0 | 20.90 | 202.9 | 0.0 | 12.43 | 13.1 | 0.0 | -2625.00 | -1941.67 | 0.0 | 2725.00 | 1111.11 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.07 | -150.0 | 0.0 | 38.95 | 9.16 | 0.0 | 6.47 | 145.08 | 0.0 | -5.01 | -183.78 | 0.0 | -4.38 | -165.96 | 0.0 | -0.23 | -146.94 | 0.0 | -0.20 | -146.51 | 0.0 | 0.05 | -16.67 | 0.0 | 6.90 | -52.12 | 0.0 | 10.99 | -21.56 | 0.0 | -128.57 | -381.63 | 0.0 | 225.00 | 298.08 | 0.0 | 32.58 | -10.84 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 35.68 | 0.0 | 0.0 | 2.64 | 0.0 | 0.0 | 5.98 | 0.0 | 0.0 | 6.64 | 0.0 | 0.0 | 0.49 | 0.0 | 0.0 | 0.43 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 14.41 | 0.0 | 0.0 | 14.01 | 0.0 | 0.0 | 45.65 | 0.0 | 0.0 | 56.52 | 0.0 | 0.0 | 36.54 | 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) | 1.34 | -54.88 | 28.89 | 6320.0 | -19.97 | 0 | 18.45 | -20.9 | 52.72 | -30.66 | 38.59 | -48.61 | 2.97 | -65.38 | 2.41 | -61.75 | 0.06 | -25.0 | 75.14 | -26.83 | 29.87 | -23.13 | -37.83 | 0 | 137.98 | -17.27 | 0.00 | 0 | 35.47 | -51.24 |
| 2022 (9) | 2.97 | 0 | 0.45 | -97.39 | -50.76 | 0 | 23.33 | 22.95 | 76.03 | 0 | 75.09 | 0 | 8.58 | 0 | 6.30 | 0 | 0.08 | -20.0 | 102.69 | 595.73 | 38.86 | -10.93 | -66.79 | 0 | 166.79 | 0 | 0.00 | 0 | 72.75 | 43.66 |
| 2021 (8) | -0.24 | 0 | 17.25 | -25.84 | -24.55 | 0 | 18.97 | 43.29 | -5.48 | 0 | -5.81 | 0 | -0.76 | 0 | -0.47 | 0 | 0.10 | -37.5 | 14.76 | 7.42 | 43.63 | 130.36 | 449.40 | 0 | -349.40 | 0 | 0.00 | 0 | 50.64 | 4.67 |
| 2020 (7) | 0.01 | -99.05 | 23.26 | -39.85 | -13.74 | 0 | 13.24 | 47.36 | 0.26 | -98.21 | 0.16 | -98.78 | 0.03 | -99.19 | 0.06 | -98.16 | 0.16 | -36.0 | 13.74 | -41.85 | 18.94 | 35.19 | -5520.00 | 0 | 5620.00 | 10102.83 | 0.00 | 0 | 48.38 | 33.39 |
| 2019 (6) | 1.05 | -4.55 | 38.67 | -7.33 | 6.52 | -39.35 | 8.98 | 11.45 | 14.50 | -15.16 | 13.11 | -3.18 | 3.70 | -9.98 | 3.26 | -8.94 | 0.25 | -3.85 | 23.63 | -6.56 | 14.01 | -5.91 | 44.92 | -28.55 | 55.08 | 48.34 | 0.00 | 0 | 36.27 | 1.91 |
| 2018 (5) | 1.10 | -9.09 | 41.73 | -3.8 | 10.75 | -20.66 | 8.06 | 3.5 | 17.09 | 2.21 | 13.54 | -4.51 | 4.11 | -10.85 | 3.58 | -9.6 | 0.26 | -7.14 | 25.29 | 2.14 | 14.89 | -10.62 | 62.87 | -22.43 | 37.13 | 95.89 | 0.00 | 0 | 35.59 | 2.06 |
| 2017 (4) | 1.21 | 4.31 | 43.38 | 10.27 | 13.55 | 38.55 | 7.79 | -24.39 | 16.72 | 24.22 | 14.18 | 24.93 | 4.61 | 5.49 | 3.96 | 8.79 | 0.28 | -9.68 | 24.76 | 1.85 | 16.66 | -14.61 | 81.04 | 11.58 | 18.96 | -30.73 | 0.00 | 0 | 34.87 | 0.32 |
| 2016 (3) | 1.16 | 1.75 | 39.34 | 1.31 | 9.78 | -6.05 | 10.30 | -2.23 | 13.46 | -0.22 | 11.35 | 0.98 | 4.37 | -1.13 | 3.64 | 2.82 | 0.31 | 3.33 | 24.31 | -1.5 | 19.51 | -35.67 | 72.63 | -6.09 | 27.37 | 19.73 | 0.00 | 0 | 34.76 | -0.43 |
| 2015 (2) | 1.14 | 1.79 | 38.83 | -3.46 | 10.41 | -12.23 | 10.54 | -0.63 | 13.49 | -5.93 | 11.24 | -4.66 | 4.42 | -2.86 | 3.54 | -1.12 | 0.30 | 3.45 | 24.68 | -3.93 | 30.33 | -5.25 | 77.35 | -6.55 | 22.86 | 32.62 | 0.00 | 0 | 34.91 | -3.48 |
| 2014 (1) | 1.12 | 15.46 | 40.22 | 0 | 11.86 | 0 | 10.60 | -5.04 | 14.34 | 0 | 11.79 | 0 | 4.55 | 0 | 3.58 | 0 | 0.29 | 7.41 | 25.69 | -2.5 | 32.01 | -9.83 | 82.77 | -2.33 | 17.23 | 12.92 | 0.00 | 0 | 36.17 | 1.52 |
