- 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) | -1.01 | 51.67 | -559.09 | -7.86 | -140.02 | -131.77 | -61.80 | -88.13 | -125.55 | -77.47 | 46.11 | -550.41 | -72.46 | 49.34 | -791.41 | -5.97 | 47.21 | -647.71 | -4.33 | 50.91 | -533.0 | 0.06 | 0.0 | -33.33 | -71.88 | 48.99 | -421.75 | 37.27 | 6.0 | 202.52 | 79.59 | 243.69 | 148.98 | 20.41 | -73.8 | -92.23 | 28.15 | 0.61 | 7.94 |
| 24Q2 (19) | -2.09 | -487.04 | -354.35 | 19.64 | -21.69 | -5.98 | -32.85 | -28.42 | 43.37 | -143.76 | -428.89 | -778.73 | -143.03 | -443.57 | -665.28 | -11.31 | -499.65 | -393.89 | -8.82 | -452.8 | -338.81 | 0.06 | 0.0 | -45.45 | -140.91 | -396.9 | -943.01 | 35.16 | 72.27 | 200.0 | 23.16 | 140.14 | -93.49 | 77.89 | -50.6 | 130.48 | 27.98 | -3.82 | 16.58 |
| 24Q1 (18) | 0.54 | 151.43 | 214.89 | 25.08 | 12.97 | -4.38 | -25.58 | -11.95 | 14.42 | 43.71 | 198.11 | 291.88 | 41.63 | 193.32 | 278.75 | 2.83 | 152.5 | 222.51 | 2.50 | 151.33 | 225.0 | 0.06 | -45.45 | -33.33 | 47.46 | 210.4 | 356.82 | 20.41 | 151.35 | 44.14 | -57.69 | -215.38 | -143.27 | 157.69 | 229.1 | 573.08 | 29.09 | 95.37 | 7.18 |
| 23Q4 (17) | -1.05 | -577.27 | -950.0 | 22.20 | -10.27 | -27.0 | -22.85 | 16.61 | -355.31 | -44.55 | -359.01 | -3400.0 | -44.61 | -525.67 | -2759.62 | -5.39 | -594.5 | -1046.81 | -4.87 | -587.0 | -1181.58 | 0.11 | 22.22 | -57.69 | -42.99 | -292.44 | -1613.73 | 8.12 | -34.09 | -43.06 | 50.00 | 130.77 | -92.0 | 47.92 | -81.75 | 109.13 | 14.89 | -42.91 | 81.59 |
| 23Q3 (16) | 0.22 | 147.83 | 100.0 | 24.74 | 18.43 | 50.58 | -27.40 | 52.77 | 39.63 | 17.20 | 205.13 | 923.81 | 10.48 | 156.07 | 214.71 | 1.09 | 147.6 | 202.78 | 1.00 | 149.75 | 203.03 | 0.09 | -18.18 | 0.0 | 22.34 | 265.36 | 130.07 | 12.32 | 5.12 | -34.33 | -162.50 | -145.7 | 93.09 | 262.50 | 202.72 | -89.06 | 26.08 | 8.67 | -19.26 |
| 23Q2 (15) | -0.46 | 2.13 | -518.18 | 20.89 | -20.36 | 28.24 | -58.01 | -94.08 | -477.21 | -16.36 | 28.18 | -726.82 | -18.69 | 19.75 | -2496.15 | -2.29 | 0.87 | -1190.48 | -2.01 | -0.5 | -1105.0 | 0.11 | 22.22 | -45.0 | -13.51 | 26.89 | -237.86 | 11.72 | -17.23 | -63.03 | 355.56 | 166.67 | 185.33 | -255.56 | -666.67 | -149.46 | 24.00 | -11.57 | 49.16 |
| 23Q1 (14) | -0.47 | -370.0 | -204.44 | 26.23 | -13.75 | 11.57 | -29.89 | -433.97 | -374.44 | -22.78 | -1787.41 | -308.8 | -23.29 | -1392.95 | -337.17 | -2.31 | -391.49 | -205.48 | -2.00 | -426.32 | -216.96 | 0.09 | -65.38 | -47.06 | -18.48 | -750.7 | -222.22 | 14.16 | -0.7 | -49.43 | 133.33 | -78.67 | 325.64 | -33.33 | 93.65 | -120.95 | 27.14 | 230.98 | 81.17 |
| 22Q4 (13) | -0.10 | -190.91 | 52.38 | 30.41 | 85.09 | 192.12 | 8.95 | 119.72 | 334.29 | 1.35 | -19.64 | 140.54 | -1.56 | -146.85 | 54.91 | -0.47 | -230.56 | 59.13 | -0.38 | -215.15 | 52.5 | 0.26 | 188.89 | 8.33 | 2.84 | -70.75 | 960.61 | 14.26 | -23.99 | -58.34 | 625.00 | 126.6 | 420.83 | -525.00 | -121.88 | -2525.0 | 8.20 | -74.61 | -31.09 |
| 22Q3 (12) | 0.11 | 0.0 | 10.0 | 16.43 | 0.86 | -25.42 | -45.39 | -351.64 | -4422.86 | 1.68 | -35.63 | -19.23 | 3.33 | 326.92 | 428.57 | 0.36 | 71.43 | 56.52 | 0.33 | 65.0 | 50.0 | 0.09 | -55.0 | -66.67 | 9.71 | -0.92 | 112.94 | 18.76 | -40.82 | -49.56 | -2350.00 | -464.0 | -4212.5 | 2400.00 | 364.52 | 4100.0 | 32.30 | 100.75 | 219.17 |
| 22Q2 (11) | 0.11 | -75.56 | 110.09 | 16.29 | -30.71 | 99.39 | -10.05 | -59.52 | 53.41 | 2.61 | -76.08 | 108.05 | 0.78 | -92.06 | 102.63 | 0.21 | -90.41 | 104.12 | 0.20 | -88.3 | 105.1 | 0.20 | 17.65 | 53.85 | 9.80 | -35.19 | 135.6 | 31.70 | 13.21 | 9.76 | -416.67 | -605.13 | -735.96 | 516.67 | 224.76 | 1477.19 | 16.09 | 7.41 | -12.79 |
| 22Q1 (10) | 0.45 | 314.29 | 221.43 | 23.51 | 125.84 | 3.16 | -6.30 | -64.92 | -301.92 | 10.91 | 427.63 | 235.69 | 9.82 | 383.82 | 383.74 | 2.19 | 290.43 | 253.23 | 1.71 | 313.75 | 228.85 | 0.17 | -29.17 | -26.09 | 15.12 | 4681.82 | 143.48 | 28.00 | -18.2 | -1.69 | -59.09 | -149.24 | -159.09 | 159.09 | 895.45 | 0 | 14.98 | 25.88 | 19.08 |
| 21Q4 (9) | -0.21 | -310.0 | -114.69 | 10.41 | -52.75 | -75.01 | -3.82 | -463.81 | -113.63 | -3.33 | -260.1 | -116.87 | -3.46 | -649.21 | -119.89 | -1.15 | -600.0 | -118.7 | -0.80 | -463.64 | -118.78 | 0.24 | -11.11 | 0.0 | -0.33 | -107.24 | -101.48 | 34.23 | -7.96 | 0.97 | 120.00 | 110.0 | -15.29 | -20.00 | -135.0 | 52.0 | 11.90 | 17.59 | 18.06 |
| 21Q3 (8) | 0.10 | 109.17 | -73.68 | 22.03 | 169.65 | -25.62 | 1.05 | 104.87 | -85.31 | 2.08 | 106.41 | -66.12 | 0.63 | 102.12 | -76.05 | 0.23 | 104.51 | -84.46 | 0.22 | 105.61 | -79.44 | 0.27 | 107.69 | -28.95 | 4.56 | 116.56 | -41.84 | 37.19 | 28.77 | -37.51 | 57.14 | -12.78 | -51.43 | 57.14 | 74.44 | 423.81 | 10.12 | -45.15 | 41.94 |
| 21Q2 (7) | -1.09 | -878.57 | 55.14 | 8.17 | -64.15 | -38.01 | -21.57 | -791.35 | -16.97 | -32.44 | -1098.15 | -76.3 | -29.70 | -1563.05 | -44.88 | -5.10 | -922.58 | 50.58 | -3.92 | -853.85 | 46.01 | 0.13 | -43.48 | -63.89 | -27.53 | -543.32 | -63.67 | 28.88 | 1.4 | -22.37 | 65.52 | -34.48 | -34.48 | 32.76 | 0 | 0 | 18.45 | 46.66 | 162.07 |
| 21Q1 (6) | 0.14 | -90.21 | -82.5 | 22.79 | -45.28 | -31.46 | 3.12 | -88.87 | -77.31 | 3.25 | -83.54 | -74.47 | 2.03 | -88.33 | -80.08 | 0.62 | -89.92 | -78.4 | 0.52 | -87.79 | -76.04 | 0.23 | -4.17 | 9.52 | 6.21 | -72.16 | -59.31 | 28.48 | -15.99 | -36.8 | 100.00 | -29.41 | -6.0 | 0.00 | 100.0 | 100.0 | 12.58 | 24.8 | 0 |
| 20Q4 (5) | 1.43 | 276.32 | 169.81 | 41.65 | 40.61 | 44.27 | 28.03 | 292.03 | 95.6 | 19.74 | 221.5 | 150.19 | 17.40 | 561.6 | 232.7 | 6.15 | 315.54 | 232.43 | 4.26 | 298.13 | 185.91 | 0.24 | -36.84 | -14.29 | 22.31 | 184.57 | 137.85 | 33.90 | -43.03 | 36.31 | 141.67 | 20.42 | -23.26 | -41.67 | -136.11 | 49.22 | 10.08 | 41.37 | 0 |
| 20Q3 (4) | 0.38 | 115.64 | 0.0 | 29.62 | 124.73 | 0.0 | 7.15 | 138.77 | 0.0 | 6.14 | 133.37 | 0.0 | 2.63 | 112.83 | 0.0 | 1.48 | 114.34 | 0.0 | 1.07 | 114.74 | 0.0 | 0.38 | 5.56 | 0.0 | 7.84 | 146.61 | 0.0 | 59.51 | 59.97 | 0.0 | 117.65 | 17.65 | 0.0 | -17.65 | 0 | 0.0 | 7.13 | 1.28 | 0.0 |
| 20Q2 (3) | -2.43 | -403.75 | 0.0 | 13.18 | -60.36 | 0.0 | -18.44 | -234.11 | 0.0 | -18.40 | -244.54 | 0.0 | -20.50 | -301.18 | 0.0 | -10.32 | -459.58 | 0.0 | -7.26 | -434.56 | 0.0 | 0.36 | 71.43 | 0.0 | -16.82 | -210.22 | 0.0 | 37.20 | -17.44 | 0.0 | 100.00 | -6.0 | 0.0 | -0.00 | 100.0 | 0.0 | 7.04 | 0 | 0.0 |
| 20Q1 (2) | 0.80 | 50.94 | 0.0 | 33.25 | 15.17 | 0.0 | 13.75 | -4.05 | 0.0 | 12.73 | 61.34 | 0.0 | 10.19 | 94.84 | 0.0 | 2.87 | 55.14 | 0.0 | 2.17 | 45.64 | 0.0 | 0.21 | -25.0 | 0.0 | 15.26 | 62.69 | 0.0 | 45.06 | 81.18 | 0.0 | 106.38 | -42.38 | 0.0 | -8.51 | 89.63 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 28.87 | 0.0 | 0.0 | 14.33 | 0.0 | 0.0 | 7.89 | 0.0 | 0.0 | 5.23 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.49 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 9.38 | 0.0 | 0.0 | 24.87 | 0.0 | 0.0 | 184.62 | 0.0 | 0.0 | -82.05 | 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) | -1.76 | 0 | 23.35 | 2.14 | -35.19 | 0 | 3.22 | -27.38 | -17.48 | 0 | -19.82 | 0 | -8.90 | 0 | -7.92 | 0 | 0.40 | -45.21 | -14.11 | 0 | 8.12 | -43.06 | 200.00 | 0 | -100.00 | 0 | 0.00 | 0 | 22.79 | 50.53 |
| 2022 (9) | 0.58 | 0 | 22.86 | 34.08 | -7.04 | 0 | 4.43 | 54.96 | 4.11 | 0 | 2.53 | 0 | 2.28 | 0 | 1.99 | 0 | 0.73 | -17.05 | 8.86 | 0 | 14.26 | -58.34 | -173.53 | 0 | 273.53 | 876.89 | 0.00 | 0 | 15.14 | 20.54 |
| 2021 (8) | -1.06 | 0 | 17.05 | -38.74 | -3.14 | 0 | 2.86 | 59.27 | -4.34 | 0 | -4.73 | 0 | -5.55 | 0 | -3.96 | 0 | 0.88 | -23.48 | -1.21 | 0 | 34.23 | 0.97 | 72.00 | -58.86 | 28.00 | 0 | 0.08 | 16.24 | 12.56 | 48.46 |
| 2020 (7) | 0.20 | -96.0 | 27.83 | 0.36 | 4.97 | -61.77 | 1.80 | 83.22 | 2.83 | -79.49 | 0.17 | -98.4 | 0.25 | -98.4 | 0.38 | -96.97 | 1.15 | -1.71 | 4.90 | -67.16 | 33.90 | 36.31 | 175.00 | 85.79 | -75.00 | 0 | 0.07 | -37.05 | 8.46 | -3.09 |
| 2019 (6) | 5.00 | -51.5 | 27.73 | 4.72 | 13.00 | -16.83 | 0.98 | 282.92 | 13.80 | -31.07 | 10.62 | -35.64 | 15.63 | -52.29 | 12.53 | -50.42 | 1.17 | -23.53 | 14.92 | -26.54 | 24.87 | -3.45 | 94.19 | 20.58 | 5.81 | -73.47 | 0.11 | 14.35 | 8.73 | 26.71 |
| 2018 (5) | 10.31 | -44.66 | 26.48 | -2.22 | 15.63 | -22.08 | 0.26 | 79.3 | 20.02 | 7.0 | 16.50 | 8.06 | 32.76 | -49.09 | 25.27 | -46.67 | 1.53 | -50.65 | 20.31 | 7.57 | 25.76 | -23.85 | 78.12 | -27.16 | 21.88 | 0 | 0.10 | 0 | 6.89 | 53.45 |
| 2017 (4) | 18.63 | 40.92 | 27.08 | -5.45 | 20.06 | 3.14 | 0.14 | -23.6 | 18.71 | -6.59 | 15.27 | -5.39 | 64.35 | -1.83 | 47.38 | -4.11 | 3.10 | 1.31 | 18.88 | -6.67 | 33.83 | -12.18 | 107.24 | 10.33 | -7.24 | 0 | 0.00 | 0 | 4.49 | -22.05 |
| 2016 (3) | 13.22 | 175.42 | 28.64 | -0.03 | 19.45 | 59.3 | 0.19 | 8.17 | 20.03 | 44.31 | 16.14 | 40.59 | 65.55 | 91.39 | 49.41 | 91.07 | 3.06 | 36.0 | 20.23 | 43.48 | 38.52 | 63.64 | 97.20 | 10.5 | 2.93 | -75.62 | 0.00 | 0 | 5.76 | -41.99 |
| 2015 (2) | 4.80 | 0.21 | 28.65 | 12.66 | 12.21 | -23.01 | 0.17 | 138.34 | 13.88 | -21.54 | 11.48 | -19.66 | 34.25 | 0 | 25.86 | 0 | 2.25 | 0 | 14.10 | -20.56 | 23.54 | -49.91 | 87.97 | -1.99 | 12.03 | 17.44 | 0.00 | 0 | 9.93 | 111.73 |
| 2014 (1) | 4.79 | 0 | 25.43 | 0 | 15.86 | 0 | 0.07 | 0 | 17.69 | 0 | 14.29 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.75 | 0 | 47.00 | 0 | 89.75 | 0 | 10.25 | 0 | 0.00 | 0 | 4.69 | 0 |
