- 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) | -0.14 | -133.33 | -131.82 | 16.26 | -1.69 | -56.94 | -48.16 | 40.37 | -268.33 | -48.39 | -19.01 | -261.73 | -40.78 | -46.74 | -282.62 | -0.77 | -148.39 | -134.84 | -0.19 | -171.43 | -126.03 | 0.01 | 0 | -66.67 | -27.78 | -316.49 | -183.95 | 271.10 | 2.58 | 27.04 | 98.36 | -50.01 | 2.92 | -0.00 | 100.0 | -100.0 | 37.16 | -16.66 | 590.71 |
| 24Q2 (19) | -0.06 | 57.14 | -107.69 | 16.54 | -54.02 | -62.8 | -80.76 | 66.39 | -361.78 | -40.66 | 76.43 | -219.06 | -27.79 | 78.95 | -201.72 | -0.31 | 55.71 | -110.95 | -0.07 | 63.16 | -107.53 | 0.00 | 0 | -100.0 | -6.67 | 93.51 | -118.42 | 264.27 | 6.47 | 29.05 | 196.77 | 41.86 | 117.92 | -96.77 | -150.0 | -1097.19 | 44.59 | -50.22 | 561.57 |
| 24Q1 (18) | -0.14 | 0.0 | -333.33 | 35.97 | -66.35 | -3.75 | -240.30 | -14.37 | -6850.0 | -172.52 | -11.32 | -1227.58 | -132.05 | 18.88 | -1233.48 | -0.70 | 0.0 | -450.0 | -0.19 | 5.0 | -311.11 | 0.00 | 0 | -100.0 | -102.78 | -40.16 | -494.55 | 248.20 | 10.68 | 14.65 | 138.71 | 2.91 | 524.19 | -38.71 | -11.29 | -149.77 | 89.57 | 0.76 | 145.73 |
| 23Q4 (17) | -0.14 | -131.82 | -103.95 | 106.89 | 183.08 | 176.85 | -210.11 | -834.39 | -683.15 | -154.98 | -617.98 | -528.95 | -162.79 | -829.02 | -664.46 | -0.70 | -131.67 | -106.32 | -0.20 | -127.4 | -105.14 | 0.00 | -100.0 | -100.0 | -73.33 | -321.61 | -300.46 | 224.26 | 5.09 | 28.4 | 134.78 | 41.04 | 35.19 | -34.78 | -884.54 | -11671.01 | 88.89 | 1552.23 | 8700.99 |
| 23Q3 (16) | 0.44 | -43.59 | -90.87 | 37.76 | -15.07 | -2.61 | 28.61 | -7.26 | -20.75 | 29.92 | -12.39 | -17.55 | 22.33 | -18.27 | -24.13 | 2.21 | -21.91 | -88.53 | 0.73 | -21.51 | -86.41 | 0.03 | 0.0 | -83.33 | 33.09 | -8.64 | -9.64 | 213.40 | 4.21 | 7.21 | 95.57 | 5.84 | -3.95 | 4.43 | -54.32 | 781.0 | 5.38 | -20.18 | 214.62 |
| 23Q2 (15) | 0.78 | 1200.0 | -50.63 | 44.46 | 18.97 | 108.54 | 30.85 | 766.57 | 70.25 | 34.15 | 123.2 | 86.51 | 27.32 | 134.51 | 69.9 | 2.83 | 1315.0 | -58.5 | 0.93 | 933.33 | -39.22 | 0.03 | 200.0 | -66.67 | 36.22 | 39.04 | 91.84 | 204.78 | -5.4 | -40.48 | 90.30 | 306.33 | -8.75 | 9.70 | -87.52 | 824.37 | 6.74 | -81.51 | 130.82 |
| 23Q1 (14) | 0.06 | -98.31 | 125.0 | 37.37 | -3.21 | 142.19 | 3.56 | -90.12 | 101.02 | 15.30 | -57.65 | 105.05 | 11.65 | -59.6 | 104.52 | 0.20 | -98.19 | 119.42 | 0.09 | -97.69 | 140.91 | 0.01 | -92.31 | 0 | 26.05 | -28.79 | 110.85 | 216.48 | 23.94 | -39.03 | 22.22 | -77.71 | -80.72 | 77.78 | 25774.07 | 609.88 | 36.45 | 3508.91 | -86.31 |
| 22Q4 (13) | 3.54 | -26.56 | 1639.13 | 38.61 | -0.41 | 222.02 | 36.03 | -0.19 | 116.71 | 36.13 | -0.44 | 118.7 | 28.84 | -2.0 | 118.96 | 11.08 | -42.47 | 1254.17 | 3.89 | -27.56 | 1720.83 | 0.13 | -27.78 | 0 | 36.58 | -0.11 | 122.68 | 174.66 | -12.25 | -43.65 | 99.70 | 0.2 | -10.56 | 0.30 | -40.27 | 102.62 | 1.01 | -40.94 | -99.1 |
| 22Q3 (12) | 4.82 | 205.06 | 2777.78 | 38.77 | 81.85 | 315.99 | 36.10 | 99.23 | 118.01 | 36.29 | 98.2 | 117.68 | 29.43 | 83.02 | 117.22 | 19.26 | 182.4 | 2812.68 | 5.37 | 250.98 | 2785.0 | 0.18 | 100.0 | 0 | 36.62 | 93.96 | 122.76 | 199.04 | -42.15 | -20.78 | 99.50 | 0.55 | 3.92 | 0.50 | -52.07 | -76.35 | 1.71 | -41.44 | -98.66 |
| 22Q2 (11) | 1.58 | 758.33 | 931.58 | 21.32 | 38.17 | 132.5 | 18.12 | 105.21 | 109.57 | 18.31 | 106.05 | 109.39 | 16.08 | 106.24 | 109.96 | 6.82 | 762.14 | 1102.94 | 1.53 | 795.45 | 828.57 | 0.09 | 0 | 0 | 18.88 | 107.87 | 112.1 | 344.04 | -3.1 | 67.64 | 98.95 | -14.15 | 1.01 | 1.05 | 106.88 | -48.56 | 2.92 | -98.9 | -97.87 |
| 22Q1 (10) | -0.24 | -4.35 | -106.63 | 15.43 | 28.69 | -47.45 | -347.51 | -61.16 | -1400.07 | -302.73 | -56.72 | -1230.43 | -257.72 | -69.46 | -1305.99 | -1.03 | -7.29 | -107.56 | -0.22 | 8.33 | -105.12 | 0.00 | 0 | -100.0 | -240.00 | -48.8 | -987.25 | 355.05 | 14.55 | 78.77 | 115.25 | 3.39 | 15.38 | -15.25 | -32.93 | -7383.9 | 266.27 | 136.92 | 12400.94 |
| 21Q4 (9) | -0.23 | -27.78 | -105.94 | 11.99 | 28.65 | -67.13 | -215.63 | -7.57 | -745.99 | -193.17 | 5.91 | -686.96 | -152.08 | 11.02 | -671.51 | -0.96 | -35.21 | -105.69 | -0.24 | -20.0 | -105.33 | 0.00 | 0 | -100.0 | -161.29 | -0.26 | -585.08 | 309.95 | 23.36 | 29.18 | 111.48 | 16.43 | 9.83 | -11.48 | -639.34 | -720.49 | 112.39 | -12.16 | 4682.55 |
| 21Q3 (8) | -0.18 | 5.26 | -38.46 | 9.32 | 1.64 | -87.51 | -200.46 | -5.91 | -105.49 | -205.31 | -5.27 | -122.75 | -170.92 | -5.83 | -108.85 | -0.71 | -4.41 | -14.52 | -0.20 | 4.76 | -25.0 | 0.00 | 0 | 0 | -160.87 | -3.12 | -112.34 | 251.25 | 22.42 | -21.45 | 95.74 | -2.26 | -7.25 | 2.13 | 4.26 | 132.98 | 127.95 | -6.65 | 24.3 |
| 21Q2 (7) | -0.19 | -105.25 | -375.0 | 9.17 | -68.77 | -60.23 | -189.28 | -808.12 | -523.45 | -195.04 | -828.3 | -1107.68 | -161.51 | -855.78 | -979.61 | -0.68 | -104.99 | -277.78 | -0.21 | -104.88 | -250.0 | 0.00 | -100.0 | 0 | -156.00 | -676.71 | -1356.58 | 205.23 | 3.33 | -15.7 | 97.96 | -1.94 | -48.14 | 2.04 | 874.49 | 102.3 | 137.06 | 6334.74 | 0 |
| 21Q1 (6) | 3.62 | -6.46 | 201.67 | 29.36 | -19.52 | 20.28 | 26.73 | -19.92 | 33.65 | 26.78 | -18.63 | 33.83 | 21.37 | -19.69 | 32.57 | 13.62 | -19.22 | 168.64 | 4.30 | -4.44 | 145.71 | 0.20 | 17.65 | 81.82 | 27.05 | -18.65 | 34.11 | 198.61 | -17.23 | 6.96 | 99.90 | -1.58 | 0.22 | 0.21 | 114.97 | 0 | 2.13 | -9.36 | -42.74 |
| 20Q4 (5) | 3.87 | 3076.92 | 1835.0 | 36.48 | -51.13 | 49.94 | 33.38 | 134.22 | 345.66 | 32.91 | 135.71 | 268.12 | 26.61 | 132.51 | 283.43 | 16.86 | 2819.35 | 1794.38 | 4.50 | 2912.5 | 1223.53 | 0.17 | 0 | 240.0 | 33.25 | 143.89 | 251.85 | 239.94 | -24.98 | 22.66 | 101.50 | -1.67 | 21.36 | -1.40 | 78.32 | -108.55 | 2.35 | -97.72 | -66.99 |
| 20Q3 (4) | -0.13 | -225.0 | 0.0 | 74.64 | 223.68 | 0.0 | -97.55 | -221.31 | 0.0 | -92.17 | -470.71 | 0.0 | -81.84 | -447.06 | 0.0 | -0.62 | -244.44 | 0.0 | -0.16 | -166.67 | 0.0 | 0.00 | 0 | 0.0 | -75.76 | -607.38 | 0.0 | 319.85 | 31.38 | 0.0 | 103.23 | -45.35 | 0.0 | -6.45 | 92.74 | 0.0 | 102.94 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | -103.33 | 0.0 | 23.06 | -5.53 | 0.0 | -30.36 | -251.8 | 0.0 | -16.15 | -180.71 | 0.0 | -14.96 | -192.8 | 0.0 | -0.18 | -103.55 | 0.0 | -0.06 | -103.43 | 0.0 | 0.00 | -100.0 | 0.0 | -10.71 | -153.1 | 0.0 | 243.45 | 31.11 | 0.0 | 188.89 | 89.5 | 0.0 | -88.89 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.20 | 500.0 | 0.0 | 24.41 | 0.33 | 0.0 | 20.00 | 167.02 | 0.0 | 20.01 | 123.83 | 0.0 | 16.12 | 132.28 | 0.0 | 5.07 | 469.66 | 0.0 | 1.75 | 414.71 | 0.0 | 0.11 | 120.0 | 0.0 | 20.17 | 113.44 | 0.0 | 185.69 | -5.08 | 0.0 | 99.68 | 19.18 | 0.0 | 0.00 | -100.0 | 0.0 | 3.72 | -47.75 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 24.33 | 0.0 | 0.0 | 7.49 | 0.0 | 0.0 | 8.94 | 0.0 | 0.0 | 6.94 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 9.45 | 0.0 | 0.0 | 195.62 | 0.0 | 0.0 | 83.64 | 0.0 | 0.0 | 16.36 | 0.0 | 0.0 | 7.12 | 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) | 0.90 | -90.83 | 42.13 | 22.15 | 23.02 | -25.53 | 3.48 | 909.62 | 27.10 | -13.06 | 20.16 | -20.63 | 4.24 | -87.98 | 1.49 | -86.24 | 0.07 | -83.33 | 31.93 | 0.63 | 224.26 | 28.4 | 84.95 | -14.32 | 15.05 | 1673.77 | 0.09 | 8.69 | 10.06 | 324.47 |
| 2022 (9) | 9.81 | 225.91 | 34.49 | 19.14 | 30.91 | 42.25 | 0.34 | -47.59 | 31.17 | 42.26 | 25.40 | 45.81 | 35.28 | 181.79 | 10.83 | 217.6 | 0.42 | 121.05 | 31.73 | 37.9 | 174.66 | -43.65 | 99.15 | -0.1 | 0.85 | 12.98 | 0.09 | -7.94 | 2.37 | -50.62 |
| 2021 (8) | 3.01 | -38.57 | 28.95 | -11.17 | 21.73 | -20.26 | 0.66 | 81.36 | 21.91 | -19.33 | 17.42 | -20.35 | 12.52 | -38.78 | 3.41 | -47.05 | 0.19 | -34.48 | 23.01 | -16.69 | 309.95 | 29.18 | 99.25 | -1.14 | 0.75 | 0 | 0.09 | -12.41 | 4.80 | 17.36 |
| 2020 (7) | 4.90 | 117.78 | 32.59 | 65.35 | 27.25 | 108.81 | 0.36 | 23.44 | 27.16 | 100.15 | 21.87 | 73.57 | 20.45 | 104.91 | 6.44 | 63.04 | 0.29 | -6.45 | 27.62 | 98.71 | 239.94 | 22.66 | 100.39 | 4.51 | -0.31 | 0 | 0.11 | -19.87 | 4.09 | 10.24 |
| 2019 (6) | 2.25 | 54.11 | 19.71 | -19.91 | 13.05 | -8.03 | 0.29 | 11.75 | 13.57 | -11.07 | 12.60 | 0.56 | 9.98 | 44.22 | 3.95 | 19.34 | 0.31 | 19.23 | 13.90 | -10.67 | 195.62 | 80.86 | 96.06 | 3.18 | 3.94 | -44.88 | 0.13 | -28.19 | 3.71 | -10.6 |
| 2018 (5) | 1.46 | -54.94 | 24.61 | -25.36 | 14.19 | -47.58 | 0.26 | 18.19 | 15.26 | -43.31 | 12.53 | -47.31 | 6.92 | -54.56 | 3.31 | -58.26 | 0.26 | -21.21 | 15.56 | -42.77 | 108.16 | -1.3 | 93.10 | -7.33 | 7.14 | 0 | 0.19 | 0 | 4.15 | 19.25 |
| 2017 (4) | 3.24 | -25.35 | 32.97 | 10.97 | 27.07 | 23.89 | 0.22 | 69.86 | 26.92 | 22.2 | 23.78 | 9.08 | 15.23 | -29.85 | 7.93 | -24.76 | 0.33 | -31.25 | 27.19 | 22.2 | 109.58 | 47.19 | 100.47 | 1.38 | -0.59 | 0 | 0.00 | 0 | 3.48 | 24.73 |
| 2016 (3) | 4.34 | 19.56 | 29.71 | 11.69 | 21.85 | 18.56 | 0.13 | 74.32 | 22.03 | 16.5 | 21.80 | 19.52 | 21.71 | 15.97 | 10.54 | 45.58 | 0.48 | 23.08 | 22.25 | 16.37 | 74.45 | -47.68 | 99.11 | 1.67 | 0.89 | -64.56 | 0.00 | 0 | 2.79 | -15.71 |
| 2015 (2) | 3.63 | 49.38 | 26.60 | -24.8 | 18.43 | -22.24 | 0.08 | -54.22 | 18.91 | -21.18 | 18.24 | -14.77 | 18.72 | 48.22 | 7.24 | 63.43 | 0.39 | 85.71 | 19.12 | -21.32 | 142.29 | -22.5 | 97.48 | -1.39 | 2.52 | 120.45 | 0.00 | 0 | 3.31 | -47.21 |
| 2014 (1) | 2.43 | -73.79 | 35.37 | 0 | 23.70 | 0 | 0.16 | 112.32 | 23.99 | 0 | 21.40 | 0 | 12.63 | 0 | 4.43 | 0 | 0.21 | -62.5 | 24.30 | -34.04 | 183.60 | -3.36 | 98.86 | 4.51 | 1.14 | -79.14 | 0.00 | 0 | 6.27 | 28.22 |
