- 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) | 0.23 | 182.14 | 111.56 | 38.67 | 2.33 | 16.13 | -2.68 | 36.19 | 64.83 | 0.31 | 136.47 | 104.85 | 0.63 | 178.75 | 111.6 | 1.82 | 177.78 | 111.0 | 0.41 | 57.69 | 257.69 | 0.10 | 0.0 | -9.09 | 27.99 | 3.97 | 13.27 | 2677.45 | -3.86 | -13.36 | -880.00 | -276.0 | -834.44 | 1000.00 | 350.0 | 5385.71 | 20.47 | 7.79 | -0.15 |
| 24Q2 (19) | -0.28 | -47.37 | 70.21 | 37.79 | -2.93 | 11.44 | -4.20 | -81.82 | 62.06 | -0.85 | -88.89 | 88.08 | -0.80 | -42.86 | 73.86 | -2.34 | -47.17 | 66.9 | 0.26 | -3.7 | 2700.0 | 0.10 | 0.0 | -9.09 | 26.92 | -3.3 | -4.27 | 2784.89 | 0.59 | 20.73 | 500.00 | -5.41 | 220.99 | -400.00 | 6.67 | -617.24 | 18.99 | -5.14 | -19.74 |
| 24Q1 (18) | -0.19 | -128.79 | 57.78 | 38.93 | -0.31 | 13.86 | -2.31 | -378.31 | 66.33 | -0.45 | -191.84 | 78.47 | -0.56 | -135.9 | 62.42 | -1.59 | -127.89 | 50.62 | 0.27 | -44.9 | 125.0 | 0.10 | -16.67 | -9.09 | 27.84 | -1.83 | -12.23 | 2768.66 | -7.81 | 48.56 | 528.57 | 230.36 | 60.17 | -428.57 | -512.24 | -86.34 | 20.02 | 31.28 | -6.8 |
| 23Q4 (17) | 0.66 | 133.17 | 247.37 | 39.05 | 17.27 | 3.72 | 0.83 | 110.89 | 113.86 | 0.49 | 107.67 | 19.51 | 1.56 | 128.73 | 200.0 | 5.70 | 134.44 | 348.82 | 0.49 | 288.46 | 40.0 | 0.12 | 9.09 | 0.0 | 28.36 | 14.77 | 0.85 | 3003.29 | -2.82 | 59.19 | 160.00 | 33.53 | 111.2 | -70.00 | -270.0 | -104.62 | 15.25 | -25.61 | -22.98 |
| 23Q3 (16) | -1.99 | -111.7 | -84.26 | 33.30 | -1.8 | -6.46 | -7.62 | 31.17 | 6.62 | -6.39 | 10.38 | -11.91 | -5.43 | -77.45 | -50.83 | -16.55 | -134.09 | -125.48 | -0.26 | -2500.0 | -136.36 | 0.11 | 0.0 | 0.0 | 24.71 | -12.13 | -8.65 | 3090.47 | 33.98 | 69.46 | 119.82 | -23.08 | -16.02 | -18.92 | 66.08 | 55.68 | 20.50 | -13.36 | -3.76 |
| 23Q2 (15) | -0.94 | -108.89 | 41.61 | 33.91 | -0.82 | 6.74 | -11.07 | -61.37 | 8.29 | -7.13 | -241.15 | -7.38 | -3.06 | -105.37 | 50.32 | -7.07 | -119.57 | 30.55 | -0.01 | -108.33 | 96.77 | 0.11 | 0.0 | 22.22 | 28.12 | -11.35 | -3.6 | 2306.73 | 23.77 | 29.48 | 155.77 | -52.8 | -14.85 | -55.77 | 75.75 | 31.75 | 23.66 | 10.15 | 13.75 |
| 23Q1 (14) | -0.45 | -336.84 | 69.18 | 34.19 | -9.19 | 2.95 | -6.86 | -14.52 | 33.72 | -2.09 | -609.76 | 70.65 | -1.49 | -386.54 | 74.4 | -3.22 | -353.54 | 63.86 | 0.12 | -65.71 | 140.0 | 0.11 | -8.33 | 22.22 | 31.72 | 12.8 | 5.07 | 1863.69 | -1.22 | 20.98 | 330.00 | 123.1 | 125.92 | -230.00 | -115.19 | -399.27 | 21.48 | 8.48 | -2.63 |
| 22Q4 (13) | 0.19 | 117.59 | 218.75 | 37.65 | 5.76 | -5.19 | -5.99 | 26.59 | 20.56 | 0.41 | 107.18 | 177.36 | 0.52 | 114.44 | 186.67 | 1.27 | 117.3 | 227.0 | 0.35 | 418.18 | 84.21 | 0.12 | 9.09 | 9.09 | 28.12 | 3.96 | -11.15 | 1886.62 | 3.45 | 25.47 | -1428.57 | -1101.22 | -206.81 | 1514.29 | 3647.76 | 221.14 | 19.80 | -7.04 | -12.93 |
| 22Q3 (12) | -1.08 | 32.92 | 45.45 | 35.60 | 12.06 | 8.01 | -8.16 | 32.39 | 35.65 | -5.71 | 14.01 | 47.42 | -3.60 | 41.56 | 61.74 | -7.34 | 27.9 | 31.4 | -0.11 | 64.52 | 76.6 | 0.11 | 22.22 | 37.5 | 27.05 | -7.27 | -6.47 | 1823.71 | 2.37 | 26.72 | 142.68 | -22.0 | 22.93 | -42.68 | 47.76 | -151.6 | 21.30 | 2.4 | 7.04 |
| 22Q2 (11) | -1.61 | -10.27 | 22.97 | 31.77 | -4.34 | 4.13 | -12.07 | -16.62 | 20.7 | -6.64 | 6.74 | 43.2 | -6.16 | -5.84 | 35.16 | -10.18 | -14.25 | -0.69 | -0.31 | -3.33 | 36.73 | 0.09 | 0.0 | 12.5 | 29.17 | -3.38 | -5.42 | 1781.50 | 15.64 | 35.77 | 182.93 | 25.23 | 40.28 | -81.71 | -77.36 | -168.77 | 20.80 | -5.71 | -8.21 |
| 22Q1 (10) | -1.46 | -812.5 | -147.46 | 33.21 | -16.37 | -8.46 | -10.35 | -37.27 | -158.1 | -7.12 | -1243.4 | -205.58 | -5.82 | -870.0 | -133.73 | -8.91 | -791.0 | -238.78 | -0.30 | -257.89 | -700.0 | 0.09 | -18.18 | 12.5 | 30.19 | -4.61 | -23.16 | 1540.51 | 2.45 | 28.46 | 146.07 | -89.08 | -14.26 | -46.07 | 96.31 | 34.54 | 22.06 | -2.99 | 11.25 |
| 21Q4 (9) | -0.16 | 91.92 | -121.92 | 39.71 | 20.48 | -2.86 | -7.54 | 40.54 | -918.92 | -0.53 | 95.12 | -131.55 | -0.60 | 93.62 | -121.82 | -1.00 | 90.65 | -132.79 | 0.19 | 140.43 | -62.75 | 0.11 | 37.5 | 22.22 | 31.65 | 9.44 | -19.77 | 1503.64 | 4.48 | 27.35 | 1337.50 | 1052.31 | 3220.83 | -1250.00 | -7268.42 | -975.0 | 22.74 | 14.27 | 13.42 |
| 21Q3 (8) | -1.98 | 5.26 | -364.0 | 32.96 | 8.03 | -22.15 | -12.68 | 16.69 | -372.1 | -10.86 | 7.1 | -226.28 | -9.41 | 0.95 | -412.62 | -10.70 | -5.84 | -440.76 | -0.47 | 4.08 | -195.92 | 0.08 | 0.0 | 0.0 | 28.92 | -6.23 | -41.39 | 1439.13 | 9.68 | 28.71 | 116.07 | -10.99 | 112.43 | -16.96 | 44.2 | -136.57 | 19.90 | -12.18 | 12.56 |
| 21Q2 (7) | -2.09 | -254.24 | -344.68 | 30.51 | -15.9 | -20.9 | -15.22 | -279.55 | -19125.0 | -11.69 | -401.72 | -556.74 | -9.50 | -281.53 | -322.22 | -10.11 | -284.41 | -413.2 | -0.49 | -1080.0 | -372.22 | 0.08 | 0.0 | 14.29 | 30.84 | -21.51 | -32.37 | 1312.13 | 9.41 | -1.13 | 130.40 | -23.46 | 2447.2 | -30.40 | 56.8 | -128.8 | 22.66 | 14.27 | 0 |
| 21Q1 (6) | -0.59 | -180.82 | -493.33 | 36.28 | -11.25 | -9.89 | -4.01 | -441.89 | -205.8 | -2.33 | -238.69 | -311.82 | -2.49 | -190.55 | -618.75 | -2.63 | -186.23 | -711.63 | 0.05 | -90.2 | -86.11 | 0.08 | -11.11 | 14.29 | 39.29 | -0.41 | -16.69 | 1199.23 | 1.57 | 12.96 | 170.37 | 497.53 | -48.49 | -70.37 | -149.26 | 70.49 | 19.83 | -1.1 | 0 |
| 20Q4 (5) | 0.73 | -2.67 | -29.81 | 40.88 | -3.45 | -9.92 | -0.74 | -115.88 | -107.3 | 1.68 | -80.47 | -65.0 | 2.75 | -8.64 | -13.52 | 3.05 | -2.87 | -18.23 | 0.51 | 4.08 | -15.0 | 0.09 | 12.5 | 0.0 | 39.45 | -20.04 | -1.57 | 1180.68 | 5.6 | 3.54 | -42.86 | -178.44 | -120.29 | 142.86 | 207.94 | 228.39 | 20.05 | 13.4 | 28.69 |
| 20Q3 (4) | 0.75 | 259.57 | 0.0 | 42.34 | 9.77 | 0.0 | 4.66 | 5725.0 | 0.0 | 8.60 | 583.15 | 0.0 | 3.01 | 233.78 | 0.0 | 3.14 | 259.39 | 0.0 | 0.49 | 172.22 | 0.0 | 0.08 | 14.29 | 0.0 | 49.34 | 8.2 | 0.0 | 1118.09 | -15.75 | 0.0 | 54.64 | 1083.51 | 0.0 | 46.39 | -56.05 | 0.0 | 17.68 | 0 | 0.0 |
| 20Q2 (3) | -0.47 | -413.33 | 0.0 | 38.57 | -4.2 | 0.0 | 0.08 | -97.89 | 0.0 | -1.78 | -261.82 | 0.0 | -2.25 | -568.75 | 0.0 | -1.97 | -558.14 | 0.0 | 0.18 | -50.0 | 0.0 | 0.07 | 0.0 | 0.0 | 45.60 | -3.31 | 0.0 | 1327.06 | 25.0 | 0.0 | -5.56 | -101.68 | 0.0 | 105.56 | 144.27 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | -85.58 | 0.0 | 40.26 | -11.28 | 0.0 | 3.79 | -62.62 | 0.0 | 1.10 | -77.08 | 0.0 | 0.48 | -84.91 | 0.0 | 0.43 | -88.47 | 0.0 | 0.36 | -40.0 | 0.0 | 0.07 | -22.22 | 0.0 | 47.16 | 17.66 | 0.0 | 1061.65 | -6.9 | 0.0 | 330.77 | 56.56 | 0.0 | -238.46 | -114.31 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.04 | 0.0 | 0.0 | 45.38 | 0.0 | 0.0 | 10.14 | 0.0 | 0.0 | 4.80 | 0.0 | 0.0 | 3.18 | 0.0 | 0.0 | 3.73 | 0.0 | 0.0 | 0.60 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 40.08 | 0.0 | 0.0 | 1140.32 | 0.0 | 0.0 | 211.27 | 0.0 | 0.0 | -111.27 | 0.0 | 0.0 | 15.58 | 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) | -2.73 | 0 | 35.35 | 1.49 | -5.68 | 0 | 27.64 | -5.36 | -3.55 | 0 | -1.95 | 0 | -20.86 | 0 | 0.37 | 0 | 0.43 | 4.88 | 28.09 | -1.58 | 3003.29 | 59.19 | 160.17 | -20.56 | -59.75 | 0 | 0.51 | -31.44 | 19.84 | -5.12 |
| 2022 (9) | -3.97 | 0 | 34.83 | -1.28 | -8.87 | 0 | 29.20 | -15.15 | -4.41 | 0 | -3.44 | 0 | -25.08 | 0 | -0.36 | 0 | 0.41 | 24.24 | 28.54 | -12.85 | 1886.62 | 25.47 | 201.63 | 22.24 | -101.22 | 0 | 0.74 | -6.09 | 20.91 | -2.2 |
| 2021 (8) | -4.82 | 0 | 35.28 | -13.02 | -9.55 | 0 | 34.42 | -8.79 | -5.79 | 0 | -5.04 | 0 | -23.79 | 0 | -0.68 | 0 | 0.33 | 10.0 | 32.75 | -27.64 | 1503.64 | 27.35 | 164.94 | 109.93 | -64.94 | 0 | 0.79 | 116.94 | 21.38 | 16.7 |
| 2020 (7) | 1.16 | -76.42 | 40.56 | -12.55 | 1.93 | -78.24 | 37.73 | 7.09 | 2.47 | -57.12 | 1.11 | -74.07 | 4.15 | -72.77 | 1.48 | -63.73 | 0.30 | -38.78 | 45.26 | -1.97 | 1180.68 | 3.54 | 78.57 | -48.9 | 22.32 | 0 | 0.37 | 10.33 | 18.32 | 2.52 |
| 2019 (6) | 4.92 | -32.79 | 46.38 | 3.9 | 8.87 | 28.36 | 35.24 | 599.04 | 5.76 | -40.19 | 4.28 | -43.61 | 15.24 | -25.44 | 4.08 | -37.13 | 0.49 | -42.35 | 46.17 | 209.87 | 1140.32 | 386.8 | 153.75 | 114.46 | -54.07 | 0 | 0.33 | -5.93 | 17.87 | -1.11 |
| 2018 (5) | 7.32 | -17.94 | 44.64 | -0.8 | 6.91 | -24.73 | 5.04 | -2.45 | 9.63 | -20.54 | 7.59 | -23.18 | 20.44 | -19.84 | 6.49 | -25.06 | 0.85 | -2.3 | 14.90 | -15.48 | 234.25 | 17.99 | 71.69 | -5.33 | 28.08 | 15.67 | 0.35 | 0 | 18.07 | 3.55 |
| 2017 (4) | 8.92 | 0.45 | 45.00 | -5.96 | 9.18 | -13.23 | 5.17 | -3.41 | 12.12 | 0.75 | 9.88 | 0.1 | 25.50 | -2.52 | 8.66 | -3.56 | 0.87 | -4.4 | 17.63 | -0.73 | 198.54 | 2.02 | 75.72 | -13.87 | 24.28 | 100.88 | 0.00 | 0 | 17.45 | -1.02 |
| 2016 (3) | 8.88 | -2.63 | 47.85 | 4.34 | 10.58 | 3.22 | 5.35 | -0.69 | 12.03 | -4.14 | 9.87 | -8.27 | 26.16 | -2.53 | 8.98 | -2.81 | 0.91 | 7.06 | 17.76 | -3.53 | 194.61 | 2.14 | 87.91 | 7.65 | 12.09 | -34.08 | 0.00 | 0 | 17.63 | 2.2 |
| 2015 (2) | 9.12 | 11.63 | 45.86 | 1.57 | 10.25 | 76.12 | 5.39 | -3.56 | 12.55 | -3.09 | 10.76 | 2.38 | 26.84 | 6.0 | 9.24 | 4.17 | 0.85 | 2.41 | 18.41 | -2.85 | 190.53 | -4.65 | 81.67 | 82.15 | 18.33 | -66.63 | 0.00 | 0 | 17.25 | -13.84 |
| 2014 (1) | 8.17 | 21.58 | 45.15 | 0 | 5.82 | 0 | 5.59 | 0.72 | 12.95 | 0 | 10.51 | 0 | 25.32 | 0 | 8.87 | 0 | 0.83 | -13.54 | 18.95 | 18.07 | 199.83 | 10.96 | 44.84 | -43.39 | 54.95 | 164.19 | 0.00 | 0 | 20.02 | 21.78 |
