- 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) | -1.11 | -5650.0 | -346.67 | 26.02 | -19.29 | -8.44 | -10.11 | -819.09 | -1938.18 | -12.27 | -1673.08 | -422.05 | -9.71 | -32266.67 | -507.98 | -4.55 | -45400.0 | -427.34 | -1.42 | -935.29 | -321.88 | 0.17 | -10.53 | -22.73 | -4.26 | -159.5 | -149.19 | 181.97 | 0.23 | 9.59 | 82.69 | 160.14 | 465.06 | 17.31 | -92.31 | -79.73 | 14.53 | 0.76 | -0.07 |
| 24Q2 (19) | 0.02 | -77.78 | -96.43 | 32.24 | 7.36 | 8.01 | -1.10 | 59.26 | -173.33 | 0.78 | -8.24 | -82.27 | -0.03 | 83.33 | -100.91 | -0.01 | 90.0 | -100.48 | 0.17 | 54.55 | -82.11 | 0.19 | -17.39 | -24.0 | 7.16 | 11.01 | -18.17 | 181.55 | 15.19 | 11.78 | -137.50 | 57.33 | -504.41 | 225.00 | -48.08 | 240.91 | 14.42 | 10.5 | 41.23 |
| 24Q1 (18) | 0.09 | 190.0 | -82.0 | 30.03 | -7.6 | -9.79 | -2.70 | -183.59 | -170.5 | 0.85 | 357.58 | -77.15 | -0.18 | 52.63 | -105.96 | -0.10 | 54.55 | -105.32 | 0.11 | 120.0 | -87.78 | 0.23 | 4.55 | -8.0 | 6.45 | 15.59 | -23.76 | 157.61 | 2.46 | 5.57 | -322.22 | 63.17 | -406.88 | 433.33 | -54.39 | 17433.33 | 13.05 | 4.23 | 9.48 |
| 23Q4 (17) | -0.10 | -122.22 | -137.04 | 32.50 | 14.36 | 1.56 | 3.23 | 487.27 | -0.62 | -0.33 | -108.66 | -132.35 | -0.38 | -115.97 | -118.72 | -0.22 | -115.83 | -118.97 | 0.05 | -92.19 | -91.8 | 0.22 | 0.0 | -8.33 | 5.58 | -35.57 | -8.82 | 153.83 | -7.36 | 3.72 | -875.00 | -6079.17 | -373.44 | 950.00 | 1012.86 | 531.82 | 12.52 | -13.89 | -5.37 |
| 23Q3 (16) | 0.45 | -19.64 | -6.25 | 28.42 | -4.79 | -10.71 | 0.55 | -63.33 | 117.86 | 3.81 | -13.41 | -38.35 | 2.38 | -28.1 | -31.61 | 1.39 | -33.49 | -9.74 | 0.64 | -32.63 | -13.51 | 0.22 | -12.0 | 22.22 | 8.66 | -1.03 | -30.83 | 166.05 | 2.24 | 20.87 | 14.63 | -56.96 | 129.27 | 85.37 | 29.34 | -43.9 | 14.54 | 42.41 | -5.77 |
| 23Q2 (15) | 0.56 | 12.0 | 2700.0 | 29.85 | -10.33 | -1.91 | 1.50 | -60.84 | 161.48 | 4.40 | 18.28 | 1995.24 | 3.31 | 9.6 | 358.59 | 2.09 | 11.17 | 473.21 | 0.95 | 5.56 | 733.33 | 0.25 | 0.0 | 38.89 | 8.75 | 3.43 | 43.68 | 162.41 | 8.78 | 8.85 | 34.00 | -67.62 | 103.78 | 66.00 | 2740.0 | -93.4 | 10.21 | -14.35 | -29.49 |
| 23Q1 (14) | 0.50 | 85.19 | 247.06 | 33.29 | 4.03 | 23.53 | 3.83 | 17.85 | 142.94 | 3.72 | 264.71 | 256.96 | 3.02 | 48.77 | 193.21 | 1.88 | 62.07 | 240.3 | 0.90 | 47.54 | 291.49 | 0.25 | 4.17 | 47.06 | 8.46 | 38.24 | 120.31 | 149.30 | 0.67 | 3.31 | 105.00 | -67.19 | -71.67 | -2.50 | 98.86 | 99.08 | 11.92 | -9.9 | -23.79 |
| 22Q4 (13) | 0.27 | -43.75 | 2600.0 | 32.00 | 0.53 | -2.77 | 3.25 | 205.52 | 712.5 | 1.02 | -83.5 | 179.69 | 2.03 | -41.67 | 6866.67 | 1.16 | -24.68 | 11700.0 | 0.61 | -17.57 | 916.67 | 0.24 | 33.33 | 14.29 | 6.12 | -51.12 | 57.33 | 148.31 | 7.96 | 1.33 | 320.00 | 740.0 | 1273.33 | -220.00 | -244.57 | -272.86 | 13.23 | -14.26 | -19.92 |
| 22Q3 (12) | 0.48 | 2300.0 | 300.0 | 31.83 | 4.6 | 2.51 | -3.08 | -26.23 | -202.33 | 6.18 | 2842.86 | 344.6 | 3.48 | 371.87 | 2576.92 | 1.54 | 375.0 | 2466.67 | 0.74 | 593.33 | 825.0 | 0.18 | 0.0 | -14.29 | 12.52 | 105.58 | 115.12 | 137.38 | -7.92 | 0.18 | -50.00 | 94.44 | -122.22 | 152.17 | -84.78 | 221.74 | 15.43 | 6.56 | 27.31 |
| 22Q2 (11) | 0.02 | 105.88 | -98.04 | 30.43 | 12.91 | -12.73 | -2.44 | 72.65 | -122.87 | 0.21 | 108.86 | -97.36 | -1.28 | 60.49 | -121.48 | -0.56 | 58.21 | -116.18 | -0.15 | 68.09 | -109.87 | 0.18 | 5.88 | -28.0 | 6.09 | 58.59 | -46.39 | 149.20 | 3.25 | 11.91 | -900.00 | -342.86 | -776.92 | 1000.00 | 469.57 | 3033.33 | 14.48 | -7.42 | 17.34 |
| 22Q1 (10) | -0.34 | -3500.0 | -115.45 | 26.95 | -18.11 | -25.72 | -8.92 | -2330.0 | -166.87 | -2.37 | -85.16 | -118.57 | -3.24 | -10700.0 | -131.86 | -1.34 | -13300.0 | -117.03 | -0.47 | -883.33 | -114.6 | 0.17 | -19.05 | -45.16 | 3.84 | -1.29 | -75.31 | 144.51 | -1.27 | 4.38 | 370.59 | 1458.82 | 254.73 | -270.59 | -312.61 | -5954.41 | 15.64 | -5.33 | 59.1 |
| 21Q4 (9) | 0.01 | -91.67 | -99.33 | 32.91 | 5.99 | -10.52 | 0.40 | -86.71 | -95.96 | -1.28 | -192.09 | -113.94 | -0.03 | -123.08 | -100.37 | -0.01 | -116.67 | -100.16 | 0.06 | -25.0 | -97.49 | 0.21 | 0.0 | -27.59 | 3.89 | -33.16 | -68.35 | 146.37 | 6.74 | -8.79 | -27.27 | -112.12 | -125.34 | 127.27 | 201.82 | 1768.69 | 16.52 | 36.3 | 30.7 |
| 21Q3 (8) | 0.12 | -88.24 | -96.27 | 31.05 | -10.95 | -19.97 | 3.01 | -71.79 | -82.78 | 1.39 | -82.54 | -91.68 | 0.13 | -97.82 | -99.03 | 0.06 | -98.27 | -99.58 | 0.08 | -94.74 | -98.51 | 0.21 | -16.0 | -47.5 | 5.82 | -48.77 | -69.27 | 137.13 | 2.86 | -17.35 | 225.00 | 69.23 | 114.81 | -125.00 | -266.67 | -2534.62 | 12.12 | -1.78 | 10.28 |
| 21Q2 (7) | 1.02 | -53.64 | -51.2 | 34.87 | -3.89 | -6.66 | 10.67 | -20.01 | -19.89 | 7.96 | -37.62 | -39.38 | 5.96 | -41.4 | -43.24 | 3.46 | -56.04 | -65.94 | 1.52 | -52.8 | -61.71 | 0.25 | -19.35 | -32.43 | 11.36 | -26.95 | -26.61 | 133.32 | -3.71 | -22.14 | 132.95 | 27.27 | 30.75 | -34.09 | -662.78 | -1922.73 | 12.34 | 25.53 | 0 |
| 21Q1 (6) | 2.20 | 46.67 | 856.52 | 36.28 | -1.36 | 5.47 | 13.34 | 34.88 | 294.67 | 12.76 | 39.0 | 544.44 | 10.17 | 25.87 | 784.35 | 7.87 | 28.38 | 883.75 | 3.22 | 34.73 | 685.37 | 0.31 | 6.9 | 10.71 | 15.55 | 26.53 | 173.77 | 138.45 | -13.73 | -6.78 | 104.47 | -2.93 | -39.85 | -4.47 | 41.4 | 93.93 | 9.83 | -22.23 | -17.81 |
| 20Q4 (5) | 1.50 | -53.42 | 650.0 | 36.78 | -5.21 | 23.59 | 9.89 | -43.42 | 320.85 | 9.18 | -45.06 | 1175.0 | 8.08 | -39.48 | 648.15 | 6.13 | -56.89 | 706.58 | 2.39 | -55.41 | 512.82 | 0.29 | -27.5 | 3.57 | 12.29 | -35.11 | 140.51 | 160.48 | -3.28 | 6.33 | 107.63 | 2.75 | -67.24 | -7.63 | -60.76 | 96.66 | 12.64 | 15.01 | 19.47 |
| 20Q3 (4) | 3.22 | 54.07 | 0.0 | 38.80 | 3.85 | 0.0 | 17.48 | 31.23 | 0.0 | 16.71 | 27.27 | 0.0 | 13.35 | 27.14 | 0.0 | 14.22 | 39.96 | 0.0 | 5.36 | 35.01 | 0.0 | 0.40 | 8.11 | 0.0 | 18.94 | 22.35 | 0.0 | 165.92 | -3.1 | 0.0 | 104.74 | 3.01 | 0.0 | -4.74 | -181.51 | 0.0 | 10.99 | 0 | 0.0 |
| 20Q2 (3) | 2.09 | 808.7 | 0.0 | 37.36 | 8.6 | 0.0 | 13.32 | 294.08 | 0.0 | 13.13 | 563.13 | 0.0 | 10.50 | 813.04 | 0.0 | 10.16 | 1170.0 | 0.0 | 3.97 | 868.29 | 0.0 | 0.37 | 32.14 | 0.0 | 15.48 | 172.54 | 0.0 | 171.22 | 15.28 | 0.0 | 101.69 | -41.45 | 0.0 | -1.69 | 97.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.23 | 15.0 | 0.0 | 34.40 | 15.59 | 0.0 | 3.38 | 43.83 | 0.0 | 1.98 | 175.0 | 0.0 | 1.15 | 6.48 | 0.0 | 0.80 | 5.26 | 0.0 | 0.41 | 5.13 | 0.0 | 0.28 | 0.0 | 0.0 | 5.68 | 11.15 | 0.0 | 148.52 | -1.59 | 0.0 | 173.68 | -47.14 | 0.0 | -73.68 | 67.76 | 0.0 | 11.96 | 13.04 | 0.0 |
| 19Q4 (1) | 0.20 | 0.0 | 0.0 | 29.76 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 1.08 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 5.11 | 0.0 | 0.0 | 150.92 | 0.0 | 0.0 | 328.57 | 0.0 | 0.0 | -228.57 | 0.0 | 0.0 | 10.58 | 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) | 1.40 | 225.58 | 31.00 | 1.71 | 2.27 | 0 | 3.84 | -17.3 | 2.92 | 124.62 | 2.10 | 377.27 | 5.17 | 522.89 | 2.60 | 261.11 | 0.98 | 30.67 | 7.88 | 11.3 | 153.83 | 3.72 | 77.34 | 0 | 22.66 | -91.78 | 1.84 | 0.04 | 12.27 | -15.79 |
| 2022 (9) | 0.43 | -85.95 | 30.48 | -10.72 | -2.24 | 0 | 4.64 | 51.38 | 1.30 | -79.43 | 0.44 | -91.08 | 0.83 | -93.2 | 0.72 | -85.74 | 0.75 | -23.47 | 7.08 | -29.83 | 148.31 | 1.33 | -175.61 | 0 | 275.61 | 0 | 1.83 | 2.96 | 14.57 | 18.46 |
| 2021 (8) | 3.06 | -56.66 | 34.14 | -8.03 | 7.89 | -33.97 | 3.06 | 35.25 | 6.32 | -43.72 | 4.93 | -45.7 | 12.20 | -59.83 | 5.05 | -58.33 | 0.98 | -25.19 | 10.09 | -27.77 | 146.37 | -8.79 | 125.00 | 17.44 | -25.00 | 0 | 1.78 | 7.79 | 12.30 | 6.86 |
| 2020 (7) | 7.06 | 451.56 | 37.12 | 23.0 | 11.95 | 366.8 | 2.27 | -21.24 | 11.23 | 410.45 | 9.08 | 349.5 | 30.37 | 432.81 | 12.12 | 343.96 | 1.31 | 9.17 | 13.97 | 145.09 | 160.48 | 6.33 | 106.44 | -8.03 | -6.44 | 0 | 1.65 | -22.68 | 11.51 | 4.64 |
| 2019 (6) | 1.28 | -37.25 | 30.18 | -9.26 | 2.56 | -29.28 | 2.88 | 153.77 | 2.20 | -43.88 | 2.02 | -42.12 | 5.70 | -41.42 | 2.73 | -41.29 | 1.20 | -6.98 | 5.70 | 3.83 | 150.92 | 25.85 | 115.73 | 24.76 | -16.85 | 0 | 2.14 | -12.26 | 11.00 | -12.07 |
| 2018 (5) | 2.04 | 13.33 | 33.26 | -3.17 | 3.62 | -7.65 | 1.13 | -19.46 | 3.92 | 4.53 | 3.49 | 1.16 | 9.73 | 7.04 | 4.65 | 2.2 | 1.29 | 0.78 | 5.49 | -1.96 | 119.92 | 6.1 | 92.76 | -11.3 | 7.89 | 0 | 2.44 | 0 | 12.51 | 5.21 |
| 2017 (4) | 1.80 | 40.62 | 34.35 | 0.59 | 3.92 | 57.43 | 1.41 | -9.5 | 3.75 | 55.6 | 3.45 | 32.18 | 9.09 | 46.85 | 4.55 | 34.62 | 1.28 | 2.4 | 5.60 | 25.28 | 113.03 | 13.06 | 104.58 | 0.51 | -4.58 | 0 | 0.00 | 0 | 11.89 | 1.28 |
| 2016 (3) | 1.28 | 212.2 | 34.15 | 6.99 | 2.49 | 678.13 | 1.55 | -12.86 | 2.41 | 1105.0 | 2.61 | 218.29 | 6.19 | 272.89 | 3.38 | 212.96 | 1.25 | 5.04 | 4.47 | 78.09 | 99.97 | 23.73 | 104.05 | -42.19 | -2.70 | 0 | 0.00 | 0 | 11.74 | -3.29 |
| 2015 (2) | 0.41 | -25.45 | 31.92 | 3.87 | 0.32 | -73.55 | 1.78 | 16.14 | 0.20 | -85.07 | 0.82 | -21.9 | 1.66 | -29.06 | 1.08 | -29.87 | 1.19 | -15.0 | 2.51 | -29.3 | 80.80 | 35.87 | 180.00 | 100.57 | -60.00 | 0 | 0.00 | 0 | 12.14 | 10.26 |
| 2014 (1) | 0.55 | 0 | 30.73 | 0 | 1.21 | 0 | 1.54 | 6.57 | 1.34 | 0 | 1.05 | 0 | 2.34 | 0 | 1.54 | 0 | 1.40 | 0.72 | 3.55 | 80.2 | 59.47 | -0.97 | 89.74 | -37.57 | 10.26 | 0 | 0.00 | 0 | 11.01 | 6.27 |
