- 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) | -2.38 | -4660.0 | -3075.0 | 3.10 | -8.01 | 0.32 | 1.40 | -7.28 | 4.48 | -2.63 | -2822.22 | -1978.57 | -2.09 | -4080.0 | -3085.71 | -13.42 | -5268.0 | -3373.17 | -1.44 | -245.45 | -233.33 | 1.16 | 26.09 | 20.83 | -1.48 | -202.07 | -194.27 | 503.16 | 21.85 | 1.56 | -53.29 | 96.98 | -105.51 | 153.29 | -91.79 | 117.69 | 0.99 | -7.48 | 1.02 |
| 24Q2 (19) | -0.05 | -117.86 | 68.75 | 3.37 | 3.37 | 5.97 | 1.51 | 12.69 | 1.34 | -0.09 | -121.95 | -12.5 | -0.05 | -116.13 | 73.68 | -0.25 | -117.01 | 69.51 | 0.99 | -31.72 | 6.45 | 0.92 | 6.98 | 15.0 | 1.45 | -35.84 | -17.61 | 412.93 | -1.77 | -8.57 | -1766.67 | -646.06 | 6.19 | 1866.67 | 935.09 | -5.88 | 1.07 | -3.6 | 21.59 |
| 24Q1 (18) | 0.28 | 133.33 | 2900.0 | 3.26 | 15.19 | -4.12 | 1.34 | 3.08 | -15.19 | 0.41 | 485.71 | 0 | 0.31 | 210.0 | 3200.0 | 1.47 | 137.1 | 2550.0 | 1.45 | 23.93 | 38.1 | 0.86 | -18.1 | 8.86 | 2.26 | 56.94 | 23.5 | 420.36 | -15.95 | -4.14 | 323.53 | -82.85 | 100.84 | -223.53 | 87.49 | -100.58 | 1.11 | 38.75 | -1.77 |
| 23Q4 (17) | 0.12 | 50.0 | -53.85 | 2.83 | -8.41 | -11.29 | 1.30 | -2.99 | -16.13 | 0.07 | -50.0 | -77.42 | 0.10 | 42.86 | -54.55 | 0.62 | 51.22 | -49.18 | 1.17 | 8.33 | -5.65 | 1.05 | 9.38 | 15.38 | 1.44 | -8.28 | -21.74 | 500.12 | 0.95 | 5.12 | 1886.36 | 95.14 | 276.47 | -1786.36 | -106.12 | -345.41 | 0.80 | -18.37 | -13.98 |
| 23Q3 (16) | 0.08 | 150.0 | -88.06 | 3.09 | -2.83 | -4.63 | 1.34 | -10.07 | -5.63 | 0.14 | 275.0 | -82.05 | 0.07 | 136.84 | -87.72 | 0.41 | 150.0 | -87.8 | 1.08 | 16.13 | -14.29 | 0.96 | 20.0 | -2.04 | 1.57 | -10.8 | -11.8 | 495.42 | 9.7 | -5.48 | 966.67 | 151.33 | 428.44 | -866.67 | -143.7 | -945.1 | 0.98 | 11.36 | -9.26 |
| 23Q2 (15) | -0.16 | -1500.0 | -116.16 | 3.18 | -6.47 | -13.82 | 1.49 | -5.7 | -6.29 | -0.08 | 0 | -106.4 | -0.19 | -1800.0 | -119.39 | -0.82 | -1266.67 | -116.47 | 0.93 | -11.43 | -32.61 | 0.80 | 1.27 | -17.53 | 1.76 | -3.83 | -8.33 | 451.63 | 2.99 | -4.49 | -1883.33 | 95.08 | -1578.22 | 1983.33 | -94.84 | 7260.88 | 0.88 | -22.12 | -34.81 |
| 23Q1 (14) | -0.01 | -103.85 | -100.81 | 3.40 | 6.58 | 3.66 | 1.58 | 1.94 | 12.06 | 0.00 | -100.0 | -100.0 | -0.01 | -104.55 | -100.94 | -0.06 | -104.92 | -100.97 | 1.05 | -15.32 | -26.57 | 0.79 | -13.19 | -26.85 | 1.83 | -0.54 | 3.39 | 438.51 | -7.83 | 15.32 | -38300.00 | -7743.74 | -36339.85 | 38400.00 | 9674.54 | 646221.74 | 1.13 | 21.51 | -3.42 |
| 22Q4 (13) | 0.26 | -61.19 | -80.74 | 3.19 | -1.54 | 7.05 | 1.55 | 9.15 | 5.44 | 0.31 | -60.26 | -76.87 | 0.22 | -61.4 | -79.44 | 1.22 | -63.69 | -84.73 | 1.24 | -1.59 | -20.0 | 0.91 | -7.14 | -25.41 | 1.84 | 3.37 | 10.84 | 475.75 | -9.23 | -8.7 | 501.06 | 173.91 | 356.01 | -401.06 | -383.64 | -3959.55 | 0.93 | -13.89 | 4.49 |
| 22Q3 (12) | 0.67 | -32.32 | -45.08 | 3.24 | -12.2 | 5.54 | 1.42 | -10.69 | -3.4 | 0.78 | -37.6 | -40.0 | 0.57 | -41.84 | -44.12 | 3.36 | -32.53 | -54.41 | 1.26 | -8.7 | -17.65 | 0.98 | 1.03 | -24.62 | 1.78 | -7.29 | 12.66 | 524.12 | 10.84 | 5.13 | 182.93 | 43.58 | 61.33 | -82.93 | -199.41 | -507.6 | 1.08 | -20.0 | 8.0 |
| 22Q2 (11) | 0.99 | -19.51 | -6.6 | 3.69 | 12.5 | 7.58 | 1.59 | 12.77 | 1.92 | 1.25 | -6.02 | -1.57 | 0.98 | -7.55 | -2.97 | 4.98 | -19.29 | -15.02 | 1.38 | -3.5 | 3.76 | 0.97 | -10.19 | -11.01 | 1.92 | 8.47 | 17.79 | 472.85 | 24.35 | 12.96 | 127.41 | 20.55 | 4.3 | -27.70 | -366.03 | -25.06 | 1.35 | 15.38 | 11.57 |
| 22Q1 (10) | 1.23 | -8.89 | 2.5 | 3.28 | 10.07 | 0.61 | 1.41 | -4.08 | -4.73 | 1.33 | -0.75 | -0.75 | 1.06 | -0.93 | -2.75 | 6.17 | -22.78 | -11.35 | 1.43 | -7.74 | -0.69 | 1.08 | -11.48 | -0.92 | 1.77 | 6.63 | 2.91 | 380.26 | -27.03 | -14.54 | 105.68 | -3.82 | -4.19 | -5.94 | 39.84 | 42.32 | 1.17 | 31.46 | 4.46 |
| 21Q4 (9) | 1.35 | 10.66 | 21.62 | 2.98 | -2.93 | 15.06 | 1.47 | 0.0 | 24.58 | 1.34 | 3.08 | 39.58 | 1.07 | 4.9 | 44.59 | 7.99 | 8.41 | 17.16 | 1.55 | 1.31 | 9.93 | 1.22 | -6.15 | -21.29 | 1.66 | 5.06 | 33.87 | 521.11 | 4.53 | -1.14 | 109.88 | -3.09 | -10.93 | -9.88 | 27.61 | 57.72 | 0.89 | -11.0 | 12.66 |
| 21Q3 (8) | 1.22 | 15.09 | 18.45 | 3.07 | -10.5 | 14.13 | 1.47 | -5.77 | 16.67 | 1.30 | 2.36 | 31.31 | 1.02 | 0.99 | 34.21 | 7.37 | 25.77 | 11.5 | 1.53 | 15.04 | 4.79 | 1.30 | 19.27 | -16.13 | 1.58 | -3.07 | 23.44 | 498.54 | 19.1 | 6.61 | 113.39 | -7.17 | -11.32 | -13.65 | 38.38 | 51.58 | 1.00 | -17.36 | 20.48 |
| 21Q2 (7) | 1.06 | -11.67 | 85.96 | 3.43 | 5.21 | 23.83 | 1.56 | 5.41 | 27.87 | 1.27 | -5.22 | 73.97 | 1.01 | -7.34 | 83.64 | 5.86 | -15.8 | 60.55 | 1.33 | -7.64 | 23.15 | 1.09 | 0.0 | -12.8 | 1.63 | -5.23 | 35.83 | 418.60 | -5.93 | -8.64 | 122.15 | 10.74 | -27.23 | -22.15 | -114.96 | 67.36 | 1.21 | 8.04 | 31.52 |
| 21Q1 (6) | 1.20 | 8.11 | 179.07 | 3.26 | 25.87 | 16.85 | 1.48 | 25.42 | 30.97 | 1.34 | 39.58 | 135.09 | 1.09 | 47.3 | 147.73 | 6.96 | 2.05 | 156.83 | 1.44 | 2.13 | 28.57 | 1.09 | -29.68 | -6.03 | 1.72 | 38.71 | 32.31 | 444.98 | -15.58 | 8.73 | 110.30 | -10.59 | -44.62 | -10.30 | 55.9 | 89.61 | 1.12 | 41.77 | 13.13 |
| 20Q4 (5) | 1.11 | 7.77 | 184.62 | 2.59 | -3.72 | -7.83 | 1.18 | -6.35 | -5.6 | 0.96 | -3.03 | 100.0 | 0.74 | -2.63 | 131.25 | 6.82 | 3.18 | 169.57 | 1.41 | -3.42 | 23.68 | 1.55 | 0.0 | 16.54 | 1.24 | -3.13 | 2.48 | 527.11 | 12.72 | 16.88 | 123.36 | -3.51 | -52.97 | -23.36 | 17.11 | 85.6 | 0.79 | -4.82 | -7.06 |
| 20Q3 (4) | 1.03 | 80.7 | 0.0 | 2.69 | -2.89 | 0.0 | 1.26 | 3.28 | 0.0 | 0.99 | 35.62 | 0.0 | 0.76 | 38.18 | 0.0 | 6.61 | 81.1 | 0.0 | 1.46 | 35.19 | 0.0 | 1.55 | 24.0 | 0.0 | 1.28 | 6.67 | 0.0 | 467.61 | 2.06 | 0.0 | 127.85 | -23.83 | 0.0 | -28.19 | 58.46 | 0.0 | 0.83 | -9.78 | 0.0 |
| 20Q2 (3) | 0.57 | 32.56 | 0.0 | 2.77 | -0.72 | 0.0 | 1.22 | 7.96 | 0.0 | 0.73 | 28.07 | 0.0 | 0.55 | 25.0 | 0.0 | 3.65 | 34.69 | 0.0 | 1.08 | -3.57 | 0.0 | 1.25 | 7.76 | 0.0 | 1.20 | -7.69 | 0.0 | 458.19 | 11.96 | 0.0 | 167.86 | -15.73 | 0.0 | -67.86 | 31.58 | 0.0 | 0.92 | -7.07 | 0.0 |
| 20Q1 (2) | 0.43 | 10.26 | 0.0 | 2.79 | -0.71 | 0.0 | 1.13 | -9.6 | 0.0 | 0.57 | 18.75 | 0.0 | 0.44 | 37.5 | 0.0 | 2.71 | 7.11 | 0.0 | 1.12 | -1.75 | 0.0 | 1.16 | -12.78 | 0.0 | 1.30 | 7.44 | 0.0 | 409.25 | -9.25 | 0.0 | 199.18 | -24.07 | 0.0 | -99.18 | 38.89 | 0.0 | 0.99 | 16.47 | 0.0 |
| 19Q4 (1) | 0.39 | 0.0 | 0.0 | 2.81 | 0.0 | 0.0 | 1.25 | 0.0 | 0.0 | 0.48 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 2.53 | 0.0 | 0.0 | 1.14 | 0.0 | 0.0 | 1.33 | 0.0 | 0.0 | 1.21 | 0.0 | 0.0 | 450.97 | 0.0 | 0.0 | 262.31 | 0.0 | 0.0 | -162.31 | 0.0 | 0.0 | 0.85 | 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) | 0.02 | -99.36 | 3.10 | -7.19 | 1.41 | -5.37 | 0.09 | 11.85 | 0.04 | -95.56 | 0.01 | -98.55 | 0.12 | -99.28 | 4.10 | -24.63 | 3.48 | -14.29 | 1.63 | -10.44 | 500.12 | 5.12 | 3604.76 | 2081.61 | -3504.76 | 0 | 0.94 | -3.39 | 0.94 | -16.81 |
| 2022 (9) | 3.11 | -32.83 | 3.34 | 5.36 | 1.49 | 0.0 | 0.08 | 11.2 | 0.90 | -31.3 | 0.69 | -34.29 | 16.78 | -40.66 | 5.44 | 0.74 | 4.06 | -6.02 | 1.82 | 10.3 | 475.75 | -8.7 | 165.23 | 45.41 | -65.23 | 0 | 0.98 | -21.79 | 1.13 | 8.65 |
| 2021 (8) | 4.63 | 47.92 | 3.17 | 17.41 | 1.49 | 24.17 | 0.08 | 14.19 | 1.31 | 55.95 | 1.05 | 64.06 | 28.28 | 45.32 | 5.40 | 14.65 | 4.32 | -15.79 | 1.65 | 32.0 | 521.11 | -1.14 | 113.63 | -20.81 | -13.56 | 0 | 1.25 | 393.79 | 1.04 | 19.54 |
| 2020 (7) | 3.13 | 89.7 | 2.70 | -7.85 | 1.20 | -0.83 | 0.07 | -1.12 | 0.84 | 64.71 | 0.64 | 68.42 | 19.46 | 78.86 | 4.71 | -7.1 | 5.13 | -3.93 | 1.25 | -3.85 | 527.11 | 16.88 | 143.50 | -39.89 | -43.50 | 0 | 0.25 | 9.09 | 0.87 | -10.31 |
| 2019 (6) | 1.65 | 51.38 | 2.93 | -7.57 | 1.21 | 9.01 | 0.07 | 63.18 | 0.51 | 30.77 | 0.38 | 26.67 | 10.88 | 47.03 | 5.07 | 9.98 | 5.34 | 6.37 | 1.30 | 7.44 | 450.97 | 6.99 | 238.74 | -15.96 | -138.74 | 0 | 0.23 | -25.66 | 0.97 | -11.82 |
| 2018 (5) | 1.09 | -33.13 | 3.17 | -2.76 | 1.11 | -7.5 | 0.04 | 11.58 | 0.39 | -36.07 | 0.30 | -37.5 | 7.40 | -34.11 | 4.61 | -6.11 | 5.02 | 0.6 | 1.21 | -3.2 | 421.51 | 20.83 | 284.08 | 43.76 | -184.08 | 0 | 0.31 | 0 | 1.10 | -6.78 |
| 2017 (4) | 1.63 | 52.34 | 3.26 | 7.59 | 1.20 | 41.18 | 0.04 | 3.35 | 0.61 | 56.41 | 0.48 | 54.84 | 11.23 | 52.79 | 4.91 | 30.93 | 4.99 | -6.73 | 1.25 | 40.45 | 348.85 | -10.82 | 197.61 | -9.53 | -97.61 | 0 | 0.00 | 0 | 1.18 | 5.36 |
| 2016 (3) | 1.07 | -49.29 | 3.03 | -3.19 | 0.85 | -20.56 | 0.04 | -20.21 | 0.39 | -46.58 | 0.31 | -47.46 | 7.35 | -47.35 | 3.75 | -22.2 | 5.35 | 1.71 | 0.89 | -23.28 | 391.17 | 37.3 | 218.43 | 47.79 | -118.43 | 0 | 0.00 | 0 | 1.12 | -5.08 |
| 2015 (2) | 2.11 | -19.16 | 3.13 | -14.48 | 1.07 | -18.94 | 0.04 | -12.06 | 0.73 | -20.65 | 0.59 | -20.27 | 13.96 | -21.04 | 4.82 | -13.15 | 5.26 | -3.66 | 1.16 | -10.77 | 284.90 | -31.88 | 147.79 | 2.87 | -47.79 | 0 | 0.00 | 0 | 1.18 | -5.6 |
| 2014 (1) | 2.61 | 103.91 | 3.66 | 0 | 1.32 | 0 | 0.05 | -32.12 | 0.92 | 0 | 0.74 | 0 | 17.68 | 0 | 5.55 | 0 | 5.46 | 14.47 | 1.30 | 25.0 | 418.26 | 78.04 | 143.67 | 13.08 | -43.67 | 0 | 0.00 | 0 | 1.25 | -33.16 |
