- 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 | -153.85 | 0 | 14.16 | -29.02 | -26.75 | -4.36 | -359.52 | -203.32 | -5.39 | -164.4 | -349.54 | -3.86 | -153.24 | -4388.89 | -0.56 | -151.38 | -2900.0 | -0.48 | -148.98 | -700.0 | 0.13 | 0.0 | -13.33 | 2.09 | -87.49 | -79.22 | 15.31 | 19.05 | -53.65 | 80.95 | 304.76 | -59.52 | 19.05 | -76.19 | 119.05 | 27.78 | 8.56 | 15.99 |
| 24Q2 (19) | 0.26 | 189.66 | 252.94 | 19.95 | 153.17 | 175.55 | 1.68 | 110.66 | 119.05 | 8.37 | 165.8 | 263.8 | 7.25 | 168.85 | 239.96 | 1.09 | 180.74 | 221.11 | 0.98 | 183.76 | 253.12 | 0.13 | 18.18 | 0.0 | 16.71 | 849.33 | 331.78 | 12.86 | -11.86 | -60.91 | 20.00 | -83.81 | -88.0 | 80.00 | 440.0 | 209.09 | 25.59 | -13.61 | -10.65 |
| 24Q1 (18) | -0.29 | -262.5 | -176.32 | 7.88 | -43.27 | -45.92 | -15.76 | -66.6 | -235.32 | -12.72 | -146.99 | -234.32 | -10.53 | -372.2 | -199.81 | -1.35 | -237.5 | -165.85 | -1.17 | -303.45 | -172.67 | 0.11 | -26.67 | -26.67 | -2.23 | -183.52 | -112.82 | 14.59 | 11.12 | -53.19 | 123.53 | -34.37 | 355.29 | -23.53 | 73.33 | -115.86 | 29.62 | -22.78 | 18.53 |
| 23Q4 (17) | -0.08 | 0 | -134.78 | 13.89 | -28.14 | -22.79 | -9.46 | -324.17 | -319.49 | -5.15 | -338.43 | -222.33 | -2.23 | -2577.78 | -136.2 | -0.40 | -2100.0 | -132.52 | -0.29 | -462.5 | -129.9 | 0.15 | 0.0 | 0.0 | 2.67 | -73.46 | -76.96 | 13.13 | -60.25 | -57.86 | 188.24 | -5.88 | 88.24 | -88.24 | 11.76 | 0 | 38.36 | 60.17 | 90.85 |
| 23Q3 (16) | 0.00 | 100.0 | -100.0 | 19.33 | 166.99 | 16.94 | 4.22 | 147.85 | 3.18 | 2.16 | 142.27 | -75.87 | 0.09 | 101.74 | -98.28 | 0.02 | 102.22 | -98.57 | 0.08 | 112.5 | -92.59 | 0.15 | 15.38 | -25.0 | 10.06 | 159.95 | -31.0 | 33.03 | 0.4 | -1.84 | 200.00 | 20.0 | 333.33 | -100.00 | -36.36 | -285.71 | 23.95 | -16.38 | 5.55 |
| 23Q2 (15) | -0.17 | -144.74 | -312.5 | 7.24 | -50.31 | -57.64 | -8.82 | -87.66 | -248.48 | -5.11 | -153.96 | -323.14 | -5.18 | -149.1 | -401.16 | -0.90 | -143.9 | -300.0 | -0.64 | -139.75 | -282.86 | 0.13 | -13.33 | -31.58 | 3.87 | -77.75 | -54.63 | 32.90 | 5.55 | -12.96 | 166.67 | 444.44 | -33.33 | -73.33 | -149.42 | 51.11 | 28.64 | 14.61 | 26.56 |
| 23Q1 (14) | 0.38 | 65.22 | 1050.0 | 14.57 | -19.01 | -32.45 | -4.70 | -209.05 | -151.14 | 9.47 | 124.94 | 296.23 | 10.55 | 71.27 | 1585.92 | 2.05 | 66.67 | 1178.95 | 1.61 | 65.98 | 1563.64 | 0.15 | 0.0 | -21.05 | 17.39 | 50.04 | 105.8 | 31.17 | 0.03 | -22.11 | -48.39 | -148.39 | -112.1 | 148.39 | 0 | 149.46 | 24.99 | 24.33 | 6.02 |
| 22Q4 (13) | 0.23 | -11.54 | -51.06 | 17.99 | 8.83 | -33.59 | 4.31 | 5.38 | -74.22 | 4.21 | -52.96 | -71.69 | 6.16 | 17.56 | -16.98 | 1.23 | -12.14 | -48.1 | 0.97 | -10.19 | -46.7 | 0.15 | -25.0 | -37.5 | 11.59 | -20.51 | -41.2 | 31.16 | -7.4 | -5.38 | 100.00 | 116.67 | -10.87 | 0.00 | -100.0 | 100.0 | 20.10 | -11.41 | -1.76 |
| 22Q3 (12) | 0.26 | 225.0 | -82.67 | 16.53 | -3.28 | -43.7 | 4.09 | -31.14 | -80.7 | 8.95 | 290.83 | -61.82 | 5.24 | 204.65 | -73.84 | 1.40 | 211.11 | -82.26 | 1.08 | 208.57 | -81.38 | 0.20 | 5.26 | -31.03 | 14.58 | 70.93 | -46.89 | 33.65 | -10.98 | 1.85 | 46.15 | -81.54 | -48.83 | 53.85 | 135.9 | 449.23 | 22.69 | 0.27 | 39.12 |
| 22Q2 (11) | 0.08 | 300.0 | -75.0 | 17.09 | -20.77 | 1.54 | 5.94 | -35.36 | 33.48 | 2.29 | -4.18 | -69.1 | 1.72 | 342.25 | -74.48 | 0.45 | 336.84 | -74.72 | 0.35 | 418.18 | -73.28 | 0.19 | 0.0 | 0.0 | 8.53 | 0.95 | -37.6 | 37.80 | -5.55 | -7.98 | 250.00 | -37.5 | 307.89 | -150.00 | 50.0 | -487.5 | 22.63 | -3.99 | 0.58 |
| 22Q1 (10) | -0.04 | -108.51 | -300.0 | 21.57 | -20.38 | 82.8 | 9.19 | -45.04 | 525.46 | 2.39 | -83.93 | 33.52 | -0.71 | -109.57 | -233.96 | -0.19 | -108.02 | -258.33 | -0.11 | -106.04 | -191.67 | 0.19 | -20.83 | 11.76 | 8.45 | -57.13 | -6.32 | 40.02 | 21.53 | 6.49 | 400.00 | 256.52 | 450.0 | -300.00 | -2360.0 | -250.0 | 23.57 | 15.2 | -4.57 |
| 21Q4 (9) | 0.47 | -68.67 | 220.51 | 27.09 | -7.73 | 52.11 | 16.72 | -21.09 | 510.22 | 14.87 | -36.56 | 286.81 | 7.42 | -62.96 | 189.4 | 2.37 | -69.96 | 217.91 | 1.82 | -68.62 | 221.33 | 0.24 | -17.24 | 33.33 | 19.71 | -28.2 | 1440.82 | 32.93 | -0.33 | 1.92 | 112.20 | 24.39 | 426.39 | -12.20 | -224.39 | -108.87 | 20.46 | 25.44 | -9.63 |
| 21Q3 (8) | 1.50 | 368.75 | 177.78 | 29.36 | 74.45 | 89.54 | 21.19 | 376.18 | 599.34 | 23.44 | 216.33 | 108.91 | 20.03 | 197.18 | 76.17 | 7.89 | 343.26 | 182.8 | 5.80 | 342.75 | 174.88 | 0.29 | 52.63 | 61.11 | 27.45 | 100.8 | 56.32 | 33.04 | -19.57 | 9.26 | 90.20 | 47.16 | 245.75 | 9.80 | -74.67 | -86.74 | 16.31 | -27.51 | -26.13 |
| 21Q2 (7) | 0.32 | 1500.0 | -83.42 | 16.83 | 42.63 | -28.41 | 4.45 | 306.02 | -68.77 | 7.41 | 313.97 | -78.46 | 6.74 | 1171.7 | -79.93 | 1.78 | 1383.33 | -83.3 | 1.31 | 991.67 | -83.23 | 0.19 | 11.76 | -17.39 | 13.67 | 51.55 | -65.34 | 41.08 | 9.31 | 5.99 | 61.29 | 153.63 | 47.61 | 38.71 | -80.65 | -33.81 | 22.50 | -8.91 | 14.45 |
| 21Q1 (6) | 0.02 | 105.13 | 102.04 | 11.80 | -33.75 | 10.9 | -2.16 | -178.83 | 40.66 | 1.79 | 122.49 | 106.33 | 0.53 | 106.39 | 101.87 | 0.12 | 105.97 | 102.25 | 0.12 | 108.0 | 103.0 | 0.17 | -5.56 | 21.43 | 9.02 | 713.61 | 143.64 | 37.58 | 16.31 | 6.85 | -114.29 | -232.47 | -983.12 | 200.00 | 45.45 | 129.73 | 24.70 | 9.1 | 0 |
| 20Q4 (5) | -0.39 | -172.22 | -34.48 | 17.81 | 14.98 | 10.76 | 2.74 | -9.57 | 1114.81 | -7.96 | -170.94 | -15.7 | -8.30 | -173.0 | -29.08 | -2.01 | -172.04 | -45.65 | -1.50 | -171.09 | -42.86 | 0.18 | 0.0 | 5.88 | -1.47 | -108.37 | -36.11 | 32.31 | 6.85 | 9.27 | -34.38 | -231.77 | -993.75 | 137.50 | 86.03 | 43.0 | 22.64 | 2.54 | -6.21 |
| 20Q3 (4) | 0.54 | -72.02 | 0.0 | 15.49 | -34.11 | 0.0 | 3.03 | -78.74 | 0.0 | 11.22 | -67.38 | 0.0 | 11.37 | -66.15 | 0.0 | 2.79 | -73.83 | 0.0 | 2.11 | -72.98 | 0.0 | 0.18 | -21.74 | 0.0 | 17.56 | -55.48 | 0.0 | 30.24 | -21.98 | 0.0 | 26.09 | -37.17 | 0.0 | 73.91 | 26.39 | 0.0 | 22.08 | 12.31 | 0.0 |
| 20Q2 (3) | 1.93 | 296.94 | 0.0 | 23.51 | 120.96 | 0.0 | 14.25 | 491.48 | 0.0 | 34.40 | 221.64 | 0.0 | 33.59 | 218.78 | 0.0 | 10.66 | 300.0 | 0.0 | 7.81 | 295.25 | 0.0 | 0.23 | 64.29 | 0.0 | 39.44 | 290.81 | 0.0 | 38.76 | 10.21 | 0.0 | 41.52 | 220.84 | 0.0 | 58.48 | -32.83 | 0.0 | 19.66 | 0 | 0.0 |
| 20Q1 (2) | -0.98 | -237.93 | 0.0 | 10.64 | -33.83 | 0.0 | -3.64 | -1248.15 | 0.0 | -28.28 | -311.05 | 0.0 | -28.28 | -339.81 | 0.0 | -5.33 | -286.23 | 0.0 | -4.00 | -280.95 | 0.0 | 0.14 | -17.65 | 0.0 | -20.67 | -1813.89 | 0.0 | 35.17 | 18.94 | 0.0 | 12.94 | 236.47 | 0.0 | 87.06 | -9.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 16.08 | 0.0 | 0.0 | -0.27 | 0.0 | 0.0 | -6.88 | 0.0 | 0.0 | -6.43 | 0.0 | 0.0 | -1.38 | 0.0 | 0.0 | -1.05 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -1.08 | 0.0 | 0.0 | 29.57 | 0.0 | 0.0 | 3.85 | 0.0 | 0.0 | 96.15 | 0.0 | 0.0 | 24.14 | 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) | 0.13 | -75.47 | 13.98 | -23.73 | -4.58 | 0 | 7.47 | 24.81 | 0.45 | -89.96 | 0.95 | -67.24 | 0.63 | -77.17 | 0.71 | -68.16 | 0.55 | -23.61 | 8.57 | -20.13 | 13.13 | -57.86 | -966.67 | 0 | 1066.67 | 0 | 0.33 | 140.1 | 29.08 | 29.88 |
| 2022 (9) | 0.53 | -77.06 | 18.33 | -19.85 | 5.99 | -50.62 | 5.98 | 16.63 | 4.48 | -67.32 | 2.90 | -71.4 | 2.76 | -76.69 | 2.23 | -75.41 | 0.72 | -18.18 | 10.73 | -43.7 | 31.16 | -5.38 | 132.88 | 50.52 | -32.88 | 0 | 0.14 | 0 | 22.39 | 10.24 |
| 2021 (8) | 2.31 | 111.93 | 22.87 | 29.65 | 12.13 | 134.62 | 5.13 | -13.74 | 13.71 | 122.2 | 10.14 | 72.74 | 11.84 | 109.19 | 9.07 | 103.82 | 0.88 | 18.92 | 19.06 | 54.58 | 32.93 | 1.92 | 88.28 | 6.36 | 11.36 | -29.03 | 0.00 | 0 | 20.31 | -9.61 |
| 2020 (7) | 1.09 | -3.54 | 17.64 | -16.0 | 5.17 | -13.4 | 5.95 | 29.81 | 6.17 | -18.28 | 5.87 | 0.69 | 5.66 | -8.86 | 4.45 | -3.05 | 0.74 | -1.33 | 12.33 | -0.96 | 32.31 | 9.27 | 83.00 | 5.48 | 16.00 | -24.92 | 0.05 | 0 | 22.47 | -1.92 |
| 2019 (6) | 1.13 | -54.44 | 21.00 | -8.62 | 5.97 | -41.76 | 4.58 | 65.37 | 7.55 | -46.23 | 5.83 | -46.17 | 6.21 | -53.79 | 4.59 | -51.33 | 0.75 | -11.76 | 12.45 | -27.32 | 29.57 | -46.85 | 78.69 | 7.65 | 21.31 | -20.79 | 0.00 | 0 | 22.91 | 12.19 |
| 2018 (5) | 2.48 | 206.17 | 22.98 | 2.22 | 10.25 | 34.16 | 2.77 | 2.1 | 14.04 | 114.02 | 10.83 | 173.48 | 13.44 | 187.79 | 9.43 | 161.94 | 0.85 | -4.49 | 17.13 | 81.65 | 55.64 | 64.23 | 73.09 | -37.26 | 26.91 | 0 | 0.00 | 0 | 20.42 | -12.25 |
| 2017 (4) | 0.81 | -64.32 | 22.48 | 29.27 | 7.64 | 173.84 | 2.71 | 17.39 | 6.56 | -55.53 | 3.96 | -65.83 | 4.67 | -66.26 | 3.60 | -65.58 | 0.89 | -1.11 | 9.43 | -44.89 | 33.88 | 6.61 | 116.49 | 518.53 | -16.49 | 0 | 0.00 | 0 | 23.27 | 24.04 |
| 2016 (3) | 2.27 | 0 | 17.39 | 19.85 | 2.79 | 0 | 2.31 | -39.48 | 14.75 | 0 | 11.59 | 0 | 13.84 | 0 | 10.46 | 0 | 0.90 | 50.0 | 17.11 | 8455.0 | 31.78 | -4.07 | 18.83 | -90.71 | 81.17 | 0 | 0.00 | 0 | 18.76 | 6.29 |
| 2015 (2) | -0.63 | 0 | 14.51 | -27.67 | -7.56 | 0 | 3.82 | 9.09 | -3.74 | 0 | -4.29 | 0 | -3.38 | 0 | -2.52 | 0 | 0.60 | 5.26 | 0.20 | -88.57 | 33.13 | 7.63 | 202.63 | -3.51 | -102.63 | 0 | 0.00 | 0 | 17.65 | -44.58 |
| 2014 (1) | -0.16 | 0 | 20.06 | 0 | -4.28 | 0 | 3.50 | 7.65 | -2.05 | 0 | -1.26 | 0 | -1.01 | 0 | -0.60 | 0 | 0.57 | -19.72 | 1.75 | -85.84 | 30.78 | -38.99 | 210.00 | 127.09 | -110.00 | 0 | 0.00 | 0 | 31.85 | 14.61 |
