- 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) | 0.17 | 120.24 | -83.5 | 30.44 | 60.97 | -22.21 | -1.06 | 97.4 | -113.91 | 1.50 | 105.47 | -88.19 | 2.68 | 109.39 | -81.13 | 0.45 | 119.91 | -82.49 | 0.33 | 121.29 | -82.26 | 0.12 | 140.0 | -7.69 | 5.04 | 125.64 | -68.68 | 38.59 | -18.76 | 21.7 | -66.67 | -144.75 | -211.11 | 166.67 | 440.28 | 316.67 | 31.07 | -43.3 | 14.65 |
| 24Q2 (19) | -0.84 | 45.45 | 42.86 | 18.91 | -19.53 | 120.4 | -40.75 | 77.16 | -44.4 | -27.41 | 81.88 | -25.05 | -28.53 | 79.53 | -25.46 | -2.26 | 44.33 | 37.22 | -1.55 | 47.28 | 35.95 | 0.05 | 150.0 | -54.55 | -19.66 | 84.86 | -8.56 | 47.50 | 14.71 | 2.72 | 148.98 | 26.44 | 16.47 | -48.98 | -174.83 | -68.49 | 54.80 | -75.09 | 71.09 |
| 24Q1 (18) | -1.54 | 6.67 | -366.67 | 23.50 | -42.12 | -29.56 | -178.43 | -22.27 | -81204.55 | -151.30 | -3.06 | -11720.31 | -139.35 | 0.36 | -1986.08 | -4.06 | 2.64 | -401.23 | -2.94 | 6.37 | -476.47 | 0.02 | 0.0 | -75.0 | -129.85 | -3.59 | -2892.47 | 41.41 | 25.48 | -16.33 | 117.82 | 18.95 | 571.29 | -17.82 | -1971.29 | -114.26 | 220.03 | 21.51 | 408.04 |
| 23Q4 (17) | -1.65 | -260.19 | -232.0 | 40.60 | 3.76 | 179.23 | -145.93 | -2015.09 | -2053.55 | -146.81 | -1255.98 | -1415.5 | -139.86 | -1084.93 | -1602.26 | -4.17 | -262.26 | -228.7 | -3.14 | -268.82 | -261.03 | 0.02 | -84.62 | -90.48 | -125.35 | -879.06 | -1040.36 | 33.00 | 4.07 | -45.37 | 99.05 | 65.08 | 47.76 | 0.95 | -97.62 | -97.11 | 181.08 | 568.19 | 708.39 |
| 23Q3 (16) | 1.03 | 170.07 | -41.14 | 39.13 | 356.06 | 9.92 | 7.62 | 127.0 | 124.12 | 12.70 | 157.94 | -48.37 | 14.20 | 162.45 | -37.72 | 2.57 | 171.39 | -45.67 | 1.86 | 176.86 | -29.28 | 0.13 | 18.18 | 18.18 | 16.09 | 188.85 | -43.27 | 31.71 | -31.42 | -58.14 | 60.00 | -53.09 | 331.25 | 40.00 | 237.6 | -54.0 | 27.10 | -15.39 | -1.6 |
| 23Q2 (15) | -1.47 | -345.45 | -13.08 | 8.58 | -74.28 | -57.04 | -28.22 | -12927.27 | 57.75 | -21.92 | -1612.5 | 59.25 | -22.74 | -240.42 | 52.11 | -3.60 | -344.44 | -2.56 | -2.42 | -374.51 | -28.72 | 0.11 | 37.5 | 175.0 | -18.11 | -489.46 | 58.89 | 46.24 | -6.57 | -46.56 | 127.91 | 611.63 | 2.78 | -29.07 | -123.26 | -18.92 | 32.03 | -26.04 | -56.58 |
| 23Q1 (14) | -0.33 | -126.4 | -1550.0 | 33.36 | 129.44 | -24.66 | 0.22 | -97.05 | 102.07 | -1.28 | -111.47 | 67.35 | -6.68 | -171.75 | -1071.93 | -0.81 | -125.0 | -1057.14 | -0.51 | -126.15 | -2450.0 | 0.08 | -61.9 | 14.29 | 4.65 | -65.12 | 165.71 | 49.49 | -18.08 | -40.62 | -25.00 | -137.3 | -109.17 | 125.00 | 279.17 | 172.37 | 43.31 | 93.35 | -8.26 |
| 22Q4 (13) | 1.25 | -28.57 | 390.7 | 14.54 | -59.16 | -58.41 | 7.47 | 119.71 | 475.38 | 11.16 | -54.63 | 299.29 | 9.31 | -59.17 | 228.06 | 3.24 | -31.5 | 384.21 | 1.95 | -25.86 | 391.04 | 0.21 | 90.91 | 133.33 | 13.33 | -53.0 | 1065.94 | 60.41 | -20.25 | -15.95 | 67.03 | 381.8 | 91.52 | 32.97 | -62.09 | -49.28 | 22.40 | -18.66 | -46.76 |
| 22Q3 (12) | 1.75 | 234.62 | 339.73 | 35.60 | 78.27 | 14.88 | 3.40 | 105.09 | 114.16 | 24.60 | 145.73 | 251.66 | 22.80 | 148.02 | 211.55 | 4.73 | 234.76 | 346.35 | 2.63 | 239.89 | 319.17 | 0.11 | 175.0 | 83.33 | 28.36 | 164.38 | 398.53 | 75.75 | -12.46 | 21.47 | 13.91 | -88.82 | -90.55 | 86.96 | 455.73 | 284.14 | 27.54 | -62.67 | -53.39 |
| 22Q2 (11) | -1.30 | -6400.0 | -239.78 | 19.97 | -54.9 | -37.22 | -66.79 | -527.14 | -570.35 | -53.79 | -1272.19 | -471.22 | -47.48 | -8229.82 | -505.81 | -3.51 | -4914.29 | -244.44 | -1.88 | -9300.0 | -221.29 | 0.04 | -42.86 | -69.23 | -44.05 | -2617.14 | -352.87 | 86.53 | 3.83 | 52.15 | 124.44 | -54.37 | 28.05 | -24.44 | 85.85 | -1835.56 | 73.77 | 56.26 | 167.09 |
| 22Q1 (10) | -0.02 | 95.35 | -104.0 | 44.28 | 26.66 | 15.07 | -10.65 | -435.18 | -310.06 | -3.92 | 30.0 | -165.33 | -0.57 | 92.16 | -107.43 | -0.07 | 93.86 | -105.3 | -0.02 | 97.01 | -102.38 | 0.07 | -22.22 | -36.36 | 1.75 | 226.81 | -81.32 | 83.34 | 15.96 | 43.02 | 272.73 | 679.22 | 227.27 | -172.73 | -365.73 | -1136.36 | 47.21 | 12.22 | 42.24 |
| 21Q4 (9) | -0.43 | 41.1 | 36.76 | 34.96 | 12.81 | 58.33 | -1.99 | 91.71 | 81.35 | -5.60 | 65.47 | 48.05 | -7.27 | 64.43 | 11.77 | -1.14 | 40.63 | 38.38 | -0.67 | 44.17 | 43.7 | 0.09 | 50.0 | -40.0 | -1.38 | 85.47 | 82.26 | 71.87 | 15.25 | 24.13 | 35.00 | -76.23 | -65.0 | 65.00 | 237.65 | 3475.0 | 42.07 | -28.8 | 49.45 |
| 21Q3 (8) | -0.73 | -178.49 | -35.19 | 30.99 | -2.58 | -20.7 | -24.01 | -269.08 | -364.41 | -16.22 | -211.94 | -106.62 | -20.44 | -274.7 | -157.76 | -1.92 | -179.01 | -31.51 | -1.20 | -177.42 | -26.32 | 0.06 | -53.85 | -50.0 | -9.50 | -154.54 | -126.19 | 62.36 | 9.65 | 22.44 | 147.22 | 51.49 | 127.53 | -47.22 | -3452.78 | -233.8 | 59.09 | 113.94 | 94.57 |
| 21Q2 (7) | 0.93 | 86.0 | -21.85 | 31.81 | -17.33 | 3.21 | 14.20 | 180.08 | 35.37 | 14.49 | 141.5 | 25.89 | 11.70 | 52.54 | 4.65 | 2.43 | 84.09 | -23.58 | 1.55 | 84.52 | -27.91 | 0.13 | 18.18 | -31.58 | 17.42 | 85.91 | 23.28 | 56.87 | -2.4 | 12.15 | 97.18 | 16.62 | 7.04 | 1.41 | -91.55 | -84.71 | 27.62 | -16.78 | 0 |
| 21Q1 (6) | 0.50 | 173.53 | 194.34 | 38.48 | 74.28 | 48.06 | 5.07 | 147.52 | 137.89 | 6.00 | 155.66 | 146.88 | 7.67 | 193.08 | 169.54 | 1.32 | 171.35 | 191.03 | 0.84 | 170.59 | 191.3 | 0.11 | -26.67 | 22.22 | 9.37 | 220.44 | 235.99 | 58.27 | 0.64 | 11.65 | 83.33 | -16.67 | -20.73 | 16.67 | 816.67 | 425.0 | 33.19 | 17.9 | -18.25 |
| 20Q4 (5) | -0.68 | -25.93 | 68.81 | 22.08 | -43.5 | 103.69 | -10.67 | -106.38 | 50.56 | -10.78 | -37.32 | 63.78 | -8.24 | -3.91 | 77.72 | -1.85 | -26.71 | 67.14 | -1.19 | -25.26 | 68.52 | 0.15 | 25.0 | 50.0 | -7.78 | -85.24 | 64.36 | 57.90 | 13.69 | 14.13 | 100.00 | 54.55 | 37.5 | 1.82 | -94.85 | -93.33 | 28.15 | -7.31 | -8.1 |
| 20Q3 (4) | -0.54 | -145.38 | 0.0 | 39.08 | 26.8 | 0.0 | -5.17 | -149.29 | 0.0 | -7.85 | -168.2 | 0.0 | -7.93 | -170.93 | 0.0 | -1.46 | -145.91 | 0.0 | -0.95 | -144.19 | 0.0 | 0.12 | -36.84 | 0.0 | -4.20 | -129.72 | 0.0 | 50.93 | 0.43 | 0.0 | 64.71 | -28.73 | 0.0 | 35.29 | 283.19 | 0.0 | 30.37 | 0 | 0.0 |
| 20Q2 (3) | 1.19 | 324.53 | 0.0 | 30.82 | 18.58 | 0.0 | 10.49 | 178.4 | 0.0 | 11.51 | 189.92 | 0.0 | 11.18 | 201.36 | 0.0 | 3.18 | 319.31 | 0.0 | 2.15 | 333.7 | 0.0 | 0.19 | 111.11 | 0.0 | 14.13 | 305.08 | 0.0 | 50.71 | -2.84 | 0.0 | 90.79 | -13.64 | 0.0 | 9.21 | 279.61 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.53 | 75.69 | 0.0 | 25.99 | 139.76 | 0.0 | -13.38 | 38.0 | 0.0 | -12.80 | 56.99 | 0.0 | -11.03 | 70.17 | 0.0 | -1.45 | 74.25 | 0.0 | -0.92 | 75.66 | 0.0 | 0.09 | -10.0 | 0.0 | -6.89 | 68.44 | 0.0 | 52.19 | 2.88 | 0.0 | 105.13 | 44.55 | 0.0 | -5.13 | -118.8 | 0.0 | 40.60 | 32.55 | 0.0 |
| 19Q4 (1) | -2.18 | 0.0 | 0.0 | 10.84 | 0.0 | 0.0 | -21.58 | 0.0 | 0.0 | -29.76 | 0.0 | 0.0 | -36.98 | 0.0 | 0.0 | -5.63 | 0.0 | 0.0 | -3.78 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -21.83 | 0.0 | 0.0 | 50.73 | 0.0 | 0.0 | 72.73 | 0.0 | 0.0 | 27.27 | 0.0 | 0.0 | 30.63 | 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) | -2.42 | 0 | 27.79 | 8.47 | -15.06 | 0 | 4.50 | 28.54 | -11.59 | 0 | -12.26 | 0 | -6.24 | 0 | -4.20 | 0 | 0.35 | -22.22 | -6.42 | 0 | 33.00 | -45.37 | 130.22 | 0 | -30.22 | 0 | 0.48 | 164.84 | 41.93 | 27.8 |
| 2022 (9) | 1.68 | 522.22 | 25.62 | -25.22 | -3.76 | 0 | 3.50 | -3.09 | 6.05 | 131.8 | 5.85 | 441.67 | 4.34 | 528.99 | 2.69 | 497.78 | 0.45 | 15.38 | 9.94 | 51.76 | 60.41 | -15.95 | -61.90 | 0 | 162.86 | 587.62 | 0.18 | 81.68 | 32.81 | -12.37 |
| 2021 (8) | 0.27 | 0 | 34.26 | 15.94 | 1.98 | 0 | 3.62 | 14.91 | 2.61 | 0 | 1.08 | 0 | 0.69 | 0 | 0.45 | 0 | 0.39 | -26.42 | 6.55 | 729.11 | 71.87 | 24.13 | 76.32 | -19.01 | 23.68 | 207.89 | 0.10 | -48.37 | 37.44 | 35.46 |
| 2020 (7) | -0.58 | 0 | 29.55 | 110.32 | -2.56 | 0 | 3.15 | -55.35 | -2.75 | 0 | -1.91 | 0 | -1.57 | 0 | -0.90 | 0 | 0.53 | 39.47 | 0.79 | 0 | 57.90 | 14.13 | 94.23 | 1.46 | 7.69 | 7.95 | 0.20 | 73.59 | 27.64 | -23.18 |
| 2019 (6) | -6.89 | 0 | 14.05 | -39.49 | -26.51 | 0 | 7.05 | 51.21 | -28.53 | 0 | -29.42 | 0 | -16.81 | 0 | -10.84 | 0 | 0.38 | -15.56 | -20.39 | 0 | 50.73 | -2.25 | 92.87 | -70.42 | 7.13 | 0 | 0.11 | -20.1 | 35.98 | 30.32 |
| 2018 (5) | -0.63 | 0 | 23.22 | -31.24 | -8.21 | 0 | 4.66 | 37.71 | -2.63 | 0 | -2.70 | 0 | -1.72 | 0 | -1.07 | 0 | 0.45 | 2.27 | 2.72 | -79.59 | 51.90 | 63.57 | 314.00 | 167.65 | -214.00 | 0 | 0.14 | 0 | 27.61 | 10.13 |
| 2017 (4) | 0.80 | -22.33 | 33.77 | -2.74 | 10.92 | 12.35 | 3.38 | -7.16 | 9.33 | 12.0 | 3.77 | -28.87 | 2.27 | -19.5 | 1.75 | -12.06 | 0.44 | 22.22 | 13.33 | 4.96 | 31.73 | -20.36 | 117.32 | 0.17 | -17.32 | 0 | 0.00 | 0 | 25.07 | -3.87 |
| 2016 (3) | 1.03 | -80.19 | 34.72 | -13.48 | 9.72 | -54.56 | 3.64 | 49.1 | 8.33 | -54.7 | 5.30 | -57.8 | 2.82 | -78.99 | 1.99 | -77.54 | 0.36 | -47.83 | 12.70 | -41.09 | 39.84 | -22.73 | 117.12 | 0.66 | -16.44 | 0 | 0.00 | 0 | 26.08 | 49.71 |
| 2015 (2) | 5.20 | 55.22 | 40.13 | 8.96 | 21.39 | 56.13 | 2.44 | -35.38 | 18.39 | 24.17 | 12.56 | 32.07 | 13.42 | 44.92 | 8.86 | 47.42 | 0.69 | 15.0 | 21.56 | 9.22 | 51.56 | -16.39 | 116.35 | 25.72 | -16.35 | 0 | 0.00 | 0 | 17.42 | -4.65 |
| 2014 (1) | 3.35 | -53.02 | 36.83 | 0 | 13.70 | 0 | 3.78 | 33.56 | 14.81 | 0 | 9.51 | 0 | 9.26 | 0 | 6.01 | 0 | 0.60 | -25.93 | 19.74 | -11.04 | 61.67 | -2.71 | 92.55 | -12.82 | 7.45 | 0 | 0.00 | 0 | 18.27 | 6.72 |
