- 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 | -158.62 | -165.38 | 8.27 | -43.47 | -43.55 | -2.42 | -198.78 | -235.2 | -2.48 | -154.99 | -154.27 | -2.49 | -153.09 | -154.49 | -1.19 | -158.91 | -171.26 | -0.56 | -142.42 | -148.28 | 0.27 | 3.85 | 22.73 | 3.86 | -66.55 | -70.05 | 80.02 | 4.85 | 31.89 | 100.00 | 84.21 | 158.33 | 4.76 | -89.58 | -92.23 | 11.49 | -11.62 | -26.06 |
| 24Q2 (19) | 0.29 | 174.36 | 196.67 | 14.63 | 2051.47 | 509.58 | 2.45 | 118.13 | 119.23 | 4.51 | 157.97 | 173.69 | 4.69 | 158.33 | 177.78 | 2.02 | 178.91 | 206.32 | 1.32 | 191.03 | 228.16 | 0.26 | 30.0 | 36.84 | 11.54 | 578.82 | 217.03 | 76.32 | 26.38 | 18.22 | 54.29 | -68.39 | -73.91 | 45.71 | 161.85 | 142.29 | 13.00 | -16.18 | -29.27 |
| 24Q1 (18) | -0.39 | -1850.0 | -30.0 | 0.68 | -93.29 | -89.9 | -13.51 | -289.34 | -88.42 | -7.78 | -2002.7 | -62.76 | -8.04 | -2072.97 | -65.09 | -2.56 | -1728.57 | -61.01 | -1.45 | -1912.5 | -74.7 | 0.20 | -13.04 | 0.0 | 1.70 | -78.15 | -62.39 | 60.39 | -2.42 | -2.2 | 171.74 | -78.53 | 14.49 | -73.91 | 89.92 | -47.83 | 15.51 | -6.68 | 1.17 |
| 23Q4 (17) | -0.02 | -107.69 | 96.15 | 10.14 | -30.78 | 394.63 | -3.47 | -293.85 | 75.27 | -0.37 | -108.1 | 95.83 | -0.37 | -108.1 | 96.2 | -0.14 | -108.38 | 95.57 | 0.08 | -93.1 | 104.52 | 0.23 | 4.55 | 15.0 | 7.78 | -39.64 | 1668.18 | 61.89 | 2.01 | -7.28 | 800.00 | 1966.67 | 405.26 | -733.33 | -1296.49 | -1157.14 | 16.62 | 6.95 | -30.23 |
| 23Q3 (16) | 0.26 | 186.67 | 174.29 | 14.65 | 510.42 | 111.4 | 1.79 | 114.05 | 122.29 | 4.57 | 174.67 | 171.29 | 4.57 | 175.79 | 171.29 | 1.67 | 187.89 | 171.98 | 1.16 | 212.62 | 197.48 | 0.22 | 15.79 | 0.0 | 12.89 | 254.12 | 313.14 | 60.67 | -6.03 | -5.75 | 38.71 | -81.4 | -69.41 | 61.29 | 156.69 | 350.27 | 15.54 | -15.45 | -21.16 |
| 23Q2 (15) | -0.30 | 0.0 | 45.45 | 2.40 | -64.34 | 124.82 | -12.74 | -77.68 | 49.32 | -6.12 | -28.03 | 19.47 | -6.03 | -23.82 | 19.92 | -1.90 | -19.5 | 5.47 | -1.03 | -24.1 | 11.21 | 0.19 | -5.0 | 11.76 | 3.64 | -19.47 | 14.11 | 64.56 | 4.55 | 6.55 | 208.11 | 38.74 | -37.15 | -108.11 | -116.22 | 53.22 | 18.38 | 19.9 | -21.95 |
| 23Q1 (14) | -0.30 | 42.31 | 62.96 | 6.73 | 228.29 | 482.39 | -7.17 | 48.9 | 55.85 | -4.78 | 46.17 | 60.33 | -4.87 | 49.95 | 59.79 | -1.59 | 49.68 | 62.41 | -0.83 | 53.11 | 67.58 | 0.20 | 0.0 | -9.09 | 4.52 | 927.27 | 192.24 | 61.75 | -7.49 | 5.81 | 150.00 | -5.26 | 11.36 | -50.00 | 14.29 | -44.12 | 15.33 | -35.64 | -16.91 |
| 22Q4 (13) | -0.52 | -48.57 | 45.26 | 2.05 | -70.42 | 2828.57 | -14.03 | -74.72 | -78.5 | -8.88 | -38.53 | 23.91 | -9.73 | -51.79 | 15.1 | -3.16 | -36.21 | 39.11 | -1.77 | -48.74 | 41.58 | 0.20 | -9.09 | -25.93 | 0.44 | -85.9 | 108.49 | 66.75 | 3.7 | 2.87 | 158.33 | 25.13 | 134.71 | -58.33 | -138.19 | -279.27 | 23.82 | 20.85 | 36.19 |
| 22Q3 (12) | -0.35 | 36.36 | -391.67 | 6.93 | 171.66 | 210.0 | -8.03 | 68.06 | 61.0 | -6.41 | 15.66 | -448.37 | -6.41 | 14.87 | -767.71 | -2.32 | -15.42 | -782.35 | -1.19 | -2.59 | -460.61 | 0.22 | 29.41 | 4.76 | 3.12 | -2.19 | -73.54 | 64.37 | 6.24 | -4.55 | 126.53 | -61.79 | 111.37 | -24.49 | 89.4 | -102.02 | 19.71 | -16.31 | -5.33 |
| 22Q2 (11) | -0.55 | 32.1 | 38.89 | -9.67 | -449.43 | -1587.69 | -25.14 | -54.8 | -96.41 | -7.60 | 36.93 | 36.82 | -7.53 | 37.82 | 38.43 | -2.01 | 52.48 | 56.49 | -1.16 | 54.69 | 54.51 | 0.17 | -22.73 | -22.73 | 3.19 | 165.1 | 216.85 | 60.59 | 3.82 | -23.8 | 331.11 | 145.82 | 212.11 | -231.11 | -566.14 | -3696.83 | 23.55 | 27.64 | 10.15 |
| 22Q1 (10) | -0.81 | 14.74 | -68.75 | -1.76 | -2614.29 | -129.33 | -16.24 | -106.62 | -89.5 | -12.05 | -3.26 | -84.25 | -12.11 | -5.67 | -84.32 | -4.23 | 18.5 | -83.12 | -2.56 | 15.51 | -96.92 | 0.22 | -18.52 | 4.76 | -4.90 | 5.41 | -221.29 | 58.36 | -10.06 | -11.02 | 134.69 | 99.66 | 3.1 | -34.69 | -206.62 | -13.21 | 18.45 | 5.49 | -2.79 |
| 21Q4 (9) | -0.95 | -891.67 | -143.59 | 0.07 | 101.11 | -98.59 | -7.86 | 61.83 | 1.13 | -11.67 | -734.24 | -101.55 | -11.46 | -1293.75 | -107.23 | -5.19 | -1626.47 | -129.65 | -3.03 | -1018.18 | -129.55 | 0.27 | 28.57 | 8.0 | -5.18 | -143.94 | -256.97 | 64.89 | -3.78 | -2.92 | 67.46 | 106.06 | -50.73 | 32.54 | -97.32 | 188.13 | 17.49 | -15.99 | 15.67 |
| 21Q3 (8) | 0.12 | 113.33 | 118.18 | -6.30 | -1069.23 | -333.33 | -20.59 | -60.86 | -123.32 | 1.84 | 115.3 | 121.9 | 0.96 | 107.85 | 110.04 | 0.34 | 107.36 | 111.15 | 0.33 | 112.94 | 117.46 | 0.21 | -4.55 | 0.0 | 11.79 | 531.87 | 286.56 | 67.44 | -15.18 | 21.95 | -1112.50 | -1148.67 | -1103.96 | 1212.50 | 20019.64 | 12917.86 | 20.82 | -2.62 | -4.8 |
| 21Q2 (7) | -0.90 | -87.5 | 7.22 | 0.65 | -89.17 | 120.25 | -12.80 | -49.36 | 29.86 | -12.03 | -83.94 | 22.39 | -12.23 | -86.15 | 25.43 | -4.62 | -100.0 | -14.64 | -2.55 | -96.15 | 0.39 | 0.22 | 4.76 | 37.5 | -2.73 | -167.57 | -1.87 | 79.51 | 21.22 | 55.96 | 106.09 | -18.8 | -10.23 | -6.09 | 80.14 | 64.76 | 21.38 | 12.64 | 0 |
| 21Q1 (6) | -0.48 | -23.08 | 62.79 | 6.00 | 20.48 | 178.95 | -8.57 | -7.8 | 67.27 | -6.54 | -12.95 | 77.18 | -6.57 | -18.81 | 75.35 | -2.31 | -2.21 | 55.66 | -1.30 | 1.52 | 60.37 | 0.21 | -16.0 | 61.54 | 4.04 | 22.42 | 141.48 | 65.59 | -1.87 | 26.11 | 130.65 | -4.58 | 42.97 | -30.65 | 17.0 | -455.48 | 18.98 | 25.53 | 0 |
| 20Q4 (5) | -0.39 | 40.91 | 90.03 | 4.98 | 84.44 | 1206.67 | -7.95 | 13.77 | 64.56 | -5.79 | 31.07 | 88.72 | -5.53 | 42.15 | 89.33 | -2.26 | 25.9 | 83.8 | -1.32 | 30.16 | 85.12 | 0.25 | 19.05 | 47.06 | 3.30 | 8.2 | 109.19 | 66.84 | 20.87 | 24.01 | 136.92 | 23.56 | 212.78 | -36.92 | -290.33 | -165.67 | 15.12 | -30.86 | -39.28 |
| 20Q3 (4) | -0.66 | 31.96 | 0.0 | 2.70 | 184.11 | 0.0 | -9.22 | 49.48 | 0.0 | -8.40 | 45.81 | 0.0 | -9.56 | 41.71 | 0.0 | -3.05 | 24.32 | 0.0 | -1.89 | 26.17 | 0.0 | 0.21 | 31.25 | 0.0 | 3.05 | 213.81 | 0.0 | 55.30 | 8.47 | 0.0 | 110.81 | -6.24 | 0.0 | -9.46 | 45.23 | 0.0 | 21.87 | 0 | 0.0 |
| 20Q2 (3) | -0.97 | 24.81 | 0.0 | -3.21 | 57.76 | 0.0 | -18.25 | 30.29 | 0.0 | -15.50 | 45.92 | 0.0 | -16.40 | 38.46 | 0.0 | -4.03 | 22.65 | 0.0 | -2.56 | 21.95 | 0.0 | 0.16 | 23.08 | 0.0 | -2.68 | 72.48 | 0.0 | 50.98 | -1.98 | 0.0 | 118.18 | 29.33 | 0.0 | -17.27 | -300.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.29 | 67.01 | 0.0 | -7.60 | -1588.89 | 0.0 | -26.18 | -16.72 | 0.0 | -28.66 | 44.14 | 0.0 | -26.65 | 48.59 | 0.0 | -5.21 | 62.65 | 0.0 | -3.28 | 63.02 | 0.0 | 0.13 | -23.53 | 0.0 | -9.74 | 72.86 | 0.0 | 52.01 | -3.51 | 0.0 | 91.38 | 108.74 | 0.0 | 8.62 | -84.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -3.91 | 0.0 | 0.0 | -0.45 | 0.0 | 0.0 | -22.43 | 0.0 | 0.0 | -51.31 | 0.0 | 0.0 | -51.84 | 0.0 | 0.0 | -13.95 | 0.0 | 0.0 | -8.87 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -35.89 | 0.0 | 0.0 | 53.90 | 0.0 | 0.0 | 43.78 | 0.0 | 0.0 | 56.22 | 0.0 | 0.0 | 24.90 | 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) | -0.36 | 0 | 8.66 | 0 | -5.18 | 0 | 7.89 | -2.83 | -1.53 | 0 | -1.54 | 0 | -2.08 | 0 | -0.71 | 0 | 0.82 | 5.13 | 7.32 | 2950.0 | 61.89 | -7.28 | 342.50 | 97.39 | -240.00 | 0 | 0.33 | 26.47 | 16.42 | -22.25 |
| 2022 (9) | -2.23 | 0 | -0.16 | 0 | -15.35 | 0 | 8.12 | -1.02 | -8.85 | 0 | -9.06 | 0 | -11.75 | 0 | -6.58 | 0 | 0.78 | -14.29 | 0.24 | -84.11 | 66.75 | 2.87 | 173.52 | 6.87 | -73.52 | 0 | 0.26 | -14.68 | 21.12 | 7.92 |
| 2021 (8) | -2.22 | 0 | 0.23 | -30.3 | -12.13 | 0 | 8.20 | -27.52 | -7.46 | 0 | -7.66 | 0 | -11.54 | 0 | -6.52 | 0 | 0.91 | 30.0 | 1.51 | 0 | 64.89 | -2.92 | 162.37 | 49.63 | -62.37 | 0 | 0.31 | -11.9 | 19.57 | -10.52 |
| 2020 (7) | -3.32 | 0 | 0.33 | 0 | -13.82 | 0 | 11.32 | -12.36 | -12.73 | 0 | -12.78 | 0 | -14.23 | 0 | -8.51 | 0 | 0.70 | -2.78 | -0.42 | 0 | 66.84 | 24.01 | 108.51 | -14.75 | -8.51 | 0 | 0.35 | -20.85 | 21.87 | -10.26 |
| 2019 (6) | -4.66 | 0 | -1.25 | 0 | -17.73 | 0 | 12.91 | 12.54 | -13.94 | 0 | -13.71 | 0 | -17.18 | 0 | -9.90 | 0 | 0.72 | 7.46 | 0.65 | 0 | 53.90 | -19.76 | 127.29 | 35.56 | -27.29 | 0 | 0.44 | -6.22 | 24.37 | -5.4 |
| 2018 (5) | -6.89 | 0 | -0.29 | 0 | -12.04 | 0 | 11.47 | -4.01 | -12.81 | 0 | -16.19 | 0 | -14.98 | 0 | -8.33 | 0 | 0.67 | 11.67 | -0.40 | 0 | 67.17 | -13.72 | 93.90 | 14.02 | 6.10 | -65.44 | 0.47 | 0 | 25.76 | -15.24 |
| 2017 (4) | -3.25 | 0 | 5.79 | -23.31 | -7.20 | 0 | 11.95 | -0.88 | -8.75 | 0 | -7.17 | 0 | -7.61 | 0 | -4.02 | 0 | 0.60 | 9.09 | 4.12 | -30.64 | 77.85 | 4.68 | 82.35 | 23.67 | 17.65 | -47.18 | 0.00 | 0 | 30.39 | -2.44 |
| 2016 (3) | -2.53 | 0 | 7.55 | -59.3 | -4.67 | 0 | 12.06 | 48.86 | -7.01 | 0 | -5.55 | 0 | -5.08 | 0 | -2.79 | 0 | 0.55 | -32.1 | 5.94 | -67.93 | 74.37 | 27.46 | 66.59 | -39.64 | 33.41 | 0 | 0.00 | 0 | 31.15 | 27.56 |
| 2015 (2) | 5.42 | -10.41 | 18.55 | -0.16 | 10.71 | 1.52 | 8.10 | -0.63 | 9.71 | -14.75 | 7.01 | -9.43 | 9.43 | -9.67 | 6.06 | -6.48 | 0.81 | 1.25 | 18.52 | -7.91 | 58.35 | -19.37 | 110.31 | 19.08 | -10.31 | 0 | 0.00 | 0 | 24.42 | 0.78 |
| 2014 (1) | 6.05 | 69.47 | 18.58 | 0 | 10.55 | 0 | 8.15 | -18.61 | 11.39 | 0 | 7.74 | 0 | 10.44 | 0 | 6.48 | 0 | 0.80 | 11.11 | 20.11 | 11.91 | 72.37 | 13.97 | 92.64 | -7.04 | 7.36 | 2037.99 | 0.00 | 0 | 24.23 | -7.34 |
