- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | 2.27 | 155.06 | -74.35 | 15.99 | 60.54 | -7.41 | 3.35 | 79.14 | -31.91 | 3.97 | 156.13 | -71.17 | 3.20 | 196.3 | -75.78 | 5.50 | 143.36 | -76.42 | 2.16 | 170.0 | -75.54 | 0.67 | -5.63 | 0.0 | 4.97 | 108.82 | -67.24 | 149.30 | -11.22 | 1.01 | 84.42 | -30.21 | 136.43 | 15.58 | 177.28 | -75.77 | 7.57 | 18.84 | -3.2 |
| 24Q3 (19) | 0.89 | -71.75 | -68.55 | 9.96 | -28.14 | -31.17 | 1.87 | -62.3 | -59.78 | 1.55 | -71.03 | -67.84 | 1.08 | -72.8 | -74.59 | 2.26 | -69.62 | -75.62 | 0.80 | -69.58 | -75.54 | 0.71 | 9.23 | -5.33 | 2.38 | -61.92 | -58.97 | 168.17 | -22.97 | -9.77 | 120.97 | 30.5 | 25.67 | -20.16 | -376.0 | -688.34 | 6.37 | -12.38 | -22.03 |
| 24Q2 (18) | 3.15 | -9.74 | 32.91 | 13.86 | -18.52 | -1.84 | 4.96 | -16.07 | 26.85 | 5.35 | -20.39 | 25.59 | 3.97 | -26.89 | -5.92 | 7.44 | -8.15 | -11.95 | 2.63 | -18.58 | -10.85 | 0.65 | 10.17 | -5.8 | 6.25 | -19.87 | 17.48 | 218.32 | 37.87 | 13.33 | 92.70 | 5.34 | 1.32 | 7.30 | -39.13 | -14.17 | 7.27 | -19.49 | -17.48 |
| 24Q1 (17) | 3.49 | -60.56 | 223.15 | 17.01 | -1.51 | -3.84 | 5.91 | 20.12 | 87.62 | 6.72 | -51.2 | 106.13 | 5.43 | -58.89 | 79.8 | 8.10 | -65.27 | 64.97 | 3.23 | -63.42 | 112.5 | 0.59 | -11.94 | 25.53 | 7.80 | -48.58 | 53.85 | 158.35 | 7.14 | -17.53 | 88.00 | 146.46 | -9.46 | 12.00 | -81.34 | 221.0 | 9.03 | 15.47 | -27.76 |
| 23Q4 (16) | 8.85 | 212.72 | 693.96 | 17.27 | 19.35 | -7.1 | 4.92 | 5.81 | 161.65 | 13.77 | 185.68 | 263.93 | 13.21 | 210.82 | 263.09 | 23.32 | 151.56 | 361.14 | 8.83 | 170.03 | 548.22 | 0.67 | -10.67 | 157.69 | 15.17 | 161.55 | 450.35 | 147.80 | -20.7 | -57.29 | 35.71 | -62.91 | -62.57 | 64.29 | 1776.22 | 1293.04 | 7.82 | -4.28 | -65.41 |
| 23Q3 (15) | 2.83 | 19.41 | 219.92 | 14.47 | 2.48 | -14.88 | 4.65 | 18.93 | 115.94 | 4.82 | 13.15 | 118.7 | 4.25 | 0.71 | 116.77 | 9.27 | 9.7 | 166.4 | 3.27 | 10.85 | 191.6 | 0.75 | 8.7 | 400.0 | 5.80 | 9.02 | 132.4 | 186.37 | -3.25 | -36.34 | 96.26 | 5.22 | -14.72 | 3.43 | -59.74 | 125.64 | 8.17 | -7.26 | -78.51 |
| 23Q2 (14) | 2.37 | 119.44 | 184.64 | 14.12 | -20.18 | -14.53 | 3.91 | 24.13 | 107.01 | 4.26 | 30.67 | 107.9 | 4.22 | 39.74 | 107.96 | 8.45 | 72.1 | 156.52 | 2.95 | 94.08 | 171.6 | 0.69 | 46.81 | 762.5 | 5.32 | 4.93 | 113.39 | 192.64 | 0.32 | -24.83 | 91.49 | -5.87 | -11.61 | 8.51 | 127.66 | 342.55 | 8.81 | -29.52 | -85.42 |
| 23Q1 (13) | 1.08 | 172.48 | 147.58 | 17.69 | -4.84 | 1.14 | 3.15 | 139.47 | 108.5 | 3.26 | 138.81 | 109.83 | 3.02 | 137.28 | 109.14 | 4.91 | 154.98 | 143.15 | 1.52 | 177.16 | 146.91 | 0.47 | 80.77 | 370.0 | 5.07 | 217.09 | 122.69 | 192.02 | -44.51 | -20.93 | 97.20 | 1.9 | -12.91 | 3.74 | -19.0 | 132.22 | 12.50 | -44.71 | -73.23 |
| 22Q4 (12) | -1.49 | 36.86 | 15.34 | 18.59 | 9.35 | -14.21 | -7.98 | 72.64 | 69.2 | -8.40 | 67.42 | 69.04 | -8.10 | 68.05 | 62.36 | -8.93 | 36.03 | -19.39 | -1.97 | 44.82 | 8.8 | 0.26 | 73.33 | 136.36 | -4.33 | 75.81 | 73.04 | 346.07 | 18.21 | 50.15 | 95.38 | -15.49 | -0.77 | 4.62 | 134.53 | 2.2 | 22.61 | -40.53 | -39.19 |
| 22Q3 (11) | -2.36 | 15.71 | -8.26 | 17.00 | 2.91 | 36.44 | -29.17 | 47.72 | 72.34 | -25.78 | 52.16 | 68.86 | -25.35 | 52.18 | 61.95 | -13.96 | 6.62 | -40.73 | -3.57 | 13.35 | -19.0 | 0.15 | 87.5 | 200.0 | -17.90 | 54.93 | 67.42 | 292.75 | 14.23 | 31.83 | 112.87 | 9.05 | -11.22 | -13.37 | -280.94 | 50.76 | 38.02 | -37.09 | -61.83 |
| 22Q2 (10) | -2.80 | -23.35 | -211.11 | 16.52 | -5.55 | -6.98 | -55.80 | -50.61 | 19.33 | -53.89 | -62.42 | -79.57 | -53.01 | -60.39 | -182.27 | -14.95 | -31.37 | -268.23 | -4.12 | -27.16 | -264.6 | 0.08 | -20.0 | 14.29 | -39.72 | -77.8 | -243.9 | 256.27 | 5.53 | 21.95 | 103.51 | -7.25 | -55.13 | -3.51 | 69.76 | 97.32 | 60.44 | 29.42 | -17.58 |
| 22Q1 (9) | -2.27 | -28.98 | -39.26 | 17.49 | -19.29 | 19.06 | -37.05 | -42.99 | 27.04 | -33.18 | -22.3 | -5.94 | -33.05 | -53.58 | -48.27 | -11.38 | -52.14 | -60.73 | -3.24 | -50.0 | -68.75 | 0.10 | -9.09 | 11.11 | -22.34 | -39.1 | -25.22 | 242.84 | 5.36 | 3.53 | 111.60 | 16.1 | -31.14 | -11.60 | -356.91 | 81.31 | 46.70 | 25.61 | -15.29 |
| 21Q4 (8) | -1.76 | 19.27 | -66.04 | 21.67 | 73.92 | 62.44 | -25.91 | 75.43 | 3.75 | -27.13 | 67.23 | -76.63 | -21.52 | 67.7 | -199.3 | -7.48 | 24.6 | -100.0 | -2.16 | 28.0 | -151.16 | 0.11 | 120.0 | -21.43 | -16.06 | 70.77 | -162.85 | 230.49 | 3.8 | -8.51 | 96.13 | -24.39 | -45.18 | 4.52 | 116.64 | 105.99 | 37.18 | -62.68 | 14.12 |
| 21Q3 (7) | -2.18 | -142.22 | 10.29 | 12.46 | -29.84 | -7.36 | -105.46 | -52.46 | -191.57 | -82.78 | -175.84 | -228.62 | -66.63 | -254.79 | -247.57 | -9.92 | -144.33 | -4.2 | -3.00 | -165.49 | -23.97 | 0.05 | -28.57 | -61.54 | -54.94 | -375.67 | -277.08 | 222.06 | 5.67 | -23.71 | 127.14 | -44.89 | -11.39 | -27.14 | 79.23 | 37.57 | 99.62 | 35.85 | 146.83 |
| 21Q2 (6) | -0.90 | 44.79 | 68.97 | 17.76 | 20.9 | -60.24 | -69.17 | -36.22 | 47.02 | -30.01 | 4.18 | 69.23 | -18.78 | 15.75 | 75.48 | -4.06 | 42.66 | 60.85 | -1.13 | 41.15 | 63.19 | 0.07 | -22.22 | 75.0 | -11.55 | 35.26 | 81.39 | 210.15 | -10.41 | -18.26 | 230.70 | 42.35 | 71.93 | -130.70 | -110.58 | -286.48 | 73.33 | 33.01 | 0 |
| 21Q1 (5) | -1.63 | -53.77 | -432.65 | 14.69 | 10.12 | -3.86 | -50.78 | -88.63 | -13263.16 | -31.32 | -103.91 | -2420.0 | -22.29 | -210.01 | -2522.83 | -7.08 | -89.3 | -489.01 | -1.92 | -123.26 | -414.75 | 0.09 | -35.71 | -84.21 | -17.84 | -191.98 | -560.98 | 234.56 | -6.9 | 14.72 | 162.07 | -7.58 | 672.01 | -62.07 | 17.64 | -148.37 | 55.13 | 69.21 | 348.21 |
| 20Q4 (4) | -1.06 | 56.38 | 0.0 | 13.34 | -0.82 | 0.0 | -26.92 | 25.57 | 0.0 | -15.36 | 39.02 | 0.0 | -7.19 | 62.49 | 0.0 | -3.74 | 60.71 | 0.0 | -0.86 | 64.46 | 0.0 | 0.14 | 7.69 | 0.0 | -6.11 | 58.06 | 0.0 | 251.94 | -13.45 | 0.0 | 175.36 | 22.22 | 0.0 | -75.36 | -73.33 | 0.0 | 32.58 | -19.28 | 0.0 |
| 20Q3 (3) | -2.43 | 16.21 | 0.0 | 13.45 | -69.89 | 0.0 | -36.17 | 72.3 | 0.0 | -25.19 | 74.17 | 0.0 | -19.17 | 74.97 | 0.0 | -9.52 | 8.2 | 0.0 | -2.42 | 21.17 | 0.0 | 0.13 | 225.0 | 0.0 | -14.57 | 76.52 | 0.0 | 291.09 | 13.22 | 0.0 | 143.48 | 6.93 | 0.0 | -43.48 | -28.56 | 0.0 | 40.36 | 0 | 0.0 |
| 20Q2 (2) | -2.90 | -691.84 | 0.0 | 44.67 | 192.34 | 0.0 | -130.57 | -34260.53 | 0.0 | -97.54 | -7325.19 | 0.0 | -76.60 | -8426.09 | 0.0 | -10.37 | -669.78 | 0.0 | -3.07 | -603.28 | 0.0 | 0.04 | -92.98 | 0.0 | -62.06 | -1703.62 | 0.0 | 257.11 | 25.74 | 0.0 | 134.18 | 573.58 | 0.0 | -33.82 | -126.35 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (1) | 0.49 | 0.0 | 0.0 | 15.28 | 0.0 | 0.0 | -0.38 | 0.0 | 0.0 | 1.35 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 1.82 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.57 | 0.0 | 0.0 | 3.87 | 0.0 | 0.0 | 204.47 | 0.0 | 0.0 | -28.33 | 0.0 | 0.0 | 128.33 | 0.0 | 0.0 | 12.30 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | 9.81 | -35.5 | 13.94 | -11.04 | 3.89 | -9.74 | 0.87 | -13.96 | 4.23 | -39.66 | 3.27 | -50.6 | 23.11 | -57.7 | 9.44 | -48.64 | 2.84 | 4.03 | 5.17 | -37.03 | 149.30 | 1.01 | 92.06 | 49.73 | 7.94 | -79.39 | 0.32 | 42.38 | 7.46 | -16.09 |
| 2023 (9) | 15.21 | 0 | 15.67 | -11.82 | 4.31 | 0 | 1.01 | -83.36 | 7.01 | 0 | 6.62 | 0 | 54.64 | 0 | 18.38 | 0 | 2.73 | 387.5 | 8.21 | 0 | 147.80 | -57.29 | 61.49 | -42.33 | 38.51 | 0 | 0.22 | -32.57 | 8.89 | -74.67 |
| 2022 (8) | -8.91 | 0 | 17.77 | 2.72 | -23.94 | 0 | 6.09 | -55.28 | -22.45 | 0 | -22.07 | 0 | -47.52 | 0 | -11.79 | 0 | 0.56 | 80.65 | -15.06 | 0 | 346.07 | 50.15 | 106.61 | -27.56 | -6.61 | 0 | 0.33 | 153.69 | 35.10 | -41.13 |
| 2021 (7) | -6.43 | 0 | 17.30 | 7.99 | -54.53 | 0 | 13.62 | 153.26 | -37.07 | 0 | -27.66 | 0 | -29.11 | 0 | -7.99 | 0 | 0.31 | -64.77 | -21.23 | 0 | 230.49 | -8.51 | 147.17 | -10.29 | -47.17 | 0 | 0.13 | -2.23 | 59.62 | 142.65 |
| 2020 (6) | -5.90 | 0 | 16.02 | 50.28 | -14.64 | 0 | 5.38 | 304.5 | -8.92 | 0 | -6.34 | 0 | -20.86 | 0 | -5.17 | 0 | 0.88 | -77.83 | -2.92 | 0 | 251.94 | -12.61 | 164.04 | 296.43 | -64.04 | 0 | 0.13 | -41.71 | 24.57 | 219.51 |
| 2019 (5) | 3.14 | -14.21 | 10.66 | -0.74 | 0.44 | -26.67 | 1.33 | 275.09 | 1.06 | -10.17 | 0.80 | -11.11 | 10.67 | -7.38 | 3.55 | -13.63 | 3.97 | -13.32 | 2.51 | 61.94 | 288.31 | 58.35 | 41.38 | -17.71 | 58.62 | 17.92 | 0.23 | -36.77 | 7.69 | 1.72 |
| 2018 (4) | 3.66 | -43.69 | 10.74 | -10.2 | 0.60 | -62.73 | 0.35 | -5.06 | 1.18 | -43.81 | 0.90 | -48.28 | 11.52 | -44.51 | 4.11 | -46.69 | 4.58 | 3.15 | 1.55 | -37.75 | 182.07 | 1.69 | 50.29 | -34.43 | 49.71 | 113.28 | 0.36 | 0 | 7.56 | -3.32 |
| 2017 (3) | 6.50 | 83.62 | 11.96 | -1.56 | 1.61 | 136.76 | 0.37 | -7.19 | 2.10 | 48.94 | 1.74 | 59.63 | 20.76 | 88.56 | 7.71 | 69.82 | 4.44 | 7.25 | 2.49 | 36.81 | 179.04 | 12.9 | 76.69 | 56.96 | 23.31 | -54.71 | 0.00 | 0 | 7.82 | -9.91 |
| 2016 (2) | 3.54 | -44.95 | 12.15 | -10.27 | 0.68 | -65.66 | 0.40 | -8.16 | 1.41 | -45.77 | 1.09 | -48.58 | 11.01 | -46.81 | 4.54 | -50.92 | 4.14 | -4.83 | 1.82 | -40.72 | 158.58 | 23.83 | 48.86 | -35.91 | 51.47 | 116.55 | 0.00 | 0 | 8.68 | 2.6 |
| 2015 (1) | 6.43 | 17.34 | 13.54 | 0 | 1.98 | 0 | 0.44 | -20.94 | 2.60 | 0 | 2.12 | 0 | 20.70 | 0 | 9.25 | 0 | 4.35 | 5.33 | 3.07 | -5.83 | 128.06 | 6.5 | 76.23 | 3.26 | 23.77 | -8.44 | 0.00 | 0 | 8.46 | -4.08 |
