- 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) | 0.11 | 22.22 | 119.64 | 76.90 | 5.95 | 42.72 | 6.21 | 225.2 | 114.75 | 3.95 | 170.66 | 113.61 | 3.59 | 25.52 | 112.26 | 2.23 | 28.9 | 121.18 | 0.93 | 24.0 | 122.25 | 0.21 | -4.55 | 50.0 | 8.47 | 830.17 | 137.76 | 209.08 | 10.3 | 41.25 | 157.14 | 74.6 | 8.25 | -57.14 | -671.43 | -26.53 | 45.79 | -8.69 | -32.57 |
| 24Q2 (19) | 0.09 | 110.59 | 280.0 | 72.58 | 13.64 | -4.45 | -4.96 | 88.2 | -148.77 | -5.59 | 87.05 | -163.24 | 2.86 | 106.05 | 243.0 | 1.73 | 110.68 | 273.0 | 0.75 | 112.32 | 327.27 | 0.22 | 69.23 | 15.79 | -1.16 | 96.77 | -107.72 | 189.55 | 12.1 | 27.65 | 90.00 | -7.91 | -21.25 | 10.00 | 340.0 | 170.0 | 50.15 | -29.35 | 16.11 |
| 24Q1 (18) | -0.85 | -223.19 | -30.77 | 63.87 | -5.57 | -7.86 | -42.04 | -271.59 | -31.79 | -43.17 | -278.91 | -38.9 | -47.24 | -427.83 | -43.54 | -16.20 | -229.19 | -40.02 | -6.09 | -221.07 | -47.82 | 0.13 | -62.86 | 0.0 | -35.92 | -230.19 | -74.2 | 169.09 | 8.72 | 3.0 | 97.73 | -3.8 | -5.43 | 2.27 | 243.18 | 168.18 | 70.98 | 159.81 | 8.28 |
| 23Q4 (17) | 0.69 | 223.21 | 165.71 | 67.64 | 25.54 | 32.68 | 24.50 | 158.18 | 181.21 | 24.13 | 183.15 | 177.54 | 14.41 | 149.21 | 149.81 | 12.54 | 219.09 | 167.49 | 5.03 | 220.33 | 172.58 | 0.35 | 150.0 | 45.83 | 27.59 | 223.0 | 207.35 | 155.53 | 5.07 | -18.86 | 101.59 | -30.02 | 5.35 | -1.59 | 96.49 | -144.44 | 27.32 | -59.77 | -42.36 |
| 23Q3 (16) | -0.56 | -1020.0 | 39.78 | 53.88 | -29.07 | -28.26 | -42.11 | -514.06 | 20.41 | -29.02 | -428.28 | 45.03 | -29.28 | -1364.0 | 44.55 | -10.53 | -953.0 | 25.37 | -4.18 | -1166.67 | 31.14 | 0.14 | -26.32 | 16.67 | -22.43 | -249.23 | 47.26 | 148.02 | -0.32 | 2.59 | 145.16 | 27.02 | 45.16 | -45.16 | -216.13 | 0 | 67.91 | 57.24 | -19.97 |
| 23Q2 (15) | -0.05 | 92.31 | 64.29 | 75.96 | 9.58 | 1.37 | 10.17 | 131.88 | 274.44 | 8.84 | 128.44 | 274.36 | -2.00 | 93.92 | 61.32 | -1.00 | 91.36 | 50.74 | -0.33 | 91.99 | 62.5 | 0.19 | 46.15 | 5.56 | 15.03 | 172.89 | 888.82 | 148.49 | -9.55 | 27.63 | 114.29 | 10.6 | 0.0 | -14.29 | -328.57 | 0.0 | 43.19 | -34.11 | -22.75 |
| 23Q1 (14) | -0.65 | 38.1 | 57.52 | 69.32 | 35.97 | 7.62 | -31.90 | -5.73 | 71.31 | -31.08 | 0.13 | 71.97 | -32.91 | -13.76 | 70.67 | -11.57 | 37.73 | 43.51 | -4.12 | 40.55 | 58.8 | 0.13 | -45.83 | 44.44 | -20.62 | 19.77 | 78.74 | 164.17 | -14.35 | 45.76 | 103.33 | 7.16 | 3.33 | -3.33 | -193.33 | 0 | 65.55 | 38.29 | -42.33 |
| 22Q4 (13) | -1.05 | -12.9 | -138.64 | 50.98 | -32.12 | -27.87 | -30.17 | 42.98 | -369.94 | -31.12 | 41.05 | -103.8 | -28.93 | 45.21 | -74.28 | -18.58 | -31.68 | -249.91 | -6.93 | -14.17 | -152.0 | 0.24 | 100.0 | 41.18 | -25.70 | 39.57 | -180.57 | 191.68 | 32.85 | 99.98 | 96.43 | -3.57 | 141.07 | 3.57 | 0 | -94.05 | 47.40 | -44.14 | -9.25 |
| 22Q3 (12) | -0.93 | -564.29 | -181.82 | 75.10 | 0.23 | -2.98 | -52.91 | -807.55 | -286.2 | -52.79 | -941.22 | -274.66 | -52.80 | -921.28 | -252.23 | -14.11 | -595.07 | -277.27 | -6.07 | -589.77 | -197.55 | 0.12 | -33.33 | -14.29 | -42.53 | -2898.03 | -664.93 | 144.28 | 24.02 | 76.86 | 100.00 | -12.5 | 0.0 | -0.00 | 100.0 | 0 | 84.86 | 51.78 | 31.24 |
| 22Q2 (11) | -0.14 | 90.85 | 69.57 | 74.93 | 16.33 | 8.16 | -5.83 | 94.76 | 91.19 | -5.07 | 95.43 | 78.03 | -5.17 | 95.39 | 82.1 | -2.03 | 90.09 | 58.91 | -0.88 | 91.2 | 67.16 | 0.18 | 100.0 | 80.0 | 1.52 | 101.57 | 113.17 | 116.34 | 3.29 | 58.2 | 114.29 | 14.29 | -60.44 | -14.29 | 0 | 92.44 | 55.91 | -50.81 | -42.75 |
| 22Q1 (10) | -1.53 | -247.73 | -115.49 | 64.41 | -8.87 | -18.79 | -111.18 | -1631.78 | -302.68 | -110.87 | -626.06 | -303.75 | -112.19 | -575.84 | -271.24 | -20.48 | -285.69 | -188.05 | -10.00 | -263.64 | -164.55 | 0.09 | -47.06 | -30.77 | -97.01 | -959.06 | -411.39 | 112.63 | 17.51 | 32.23 | 100.00 | 150.0 | 0.0 | -0.00 | -100.0 | 0 | 113.66 | 117.61 | 44.29 |
| 21Q4 (9) | -0.44 | -33.33 | -340.0 | 70.68 | -8.69 | -1.55 | -6.42 | 53.14 | -202.72 | -15.27 | -8.37 | -739.01 | -16.60 | -10.74 | -508.06 | -5.31 | -41.98 | -483.52 | -2.75 | -34.8 | -539.53 | 0.17 | 21.43 | -5.56 | -9.16 | -64.75 | -363.98 | 95.85 | 17.49 | 12.96 | 40.00 | -60.0 | 110.91 | 60.00 | 0 | -87.14 | 52.23 | -19.22 | 13.17 |
| 21Q3 (8) | -0.33 | 28.26 | 17.5 | 77.41 | 11.73 | 5.19 | -13.70 | 79.3 | -13.6 | -14.09 | 38.95 | -14.37 | -14.99 | 48.11 | 5.31 | -3.74 | 24.29 | -3.03 | -2.04 | 23.88 | -5.15 | 0.14 | 40.0 | 7.69 | -5.56 | 51.82 | -37.97 | 81.58 | 10.93 | 0.48 | 100.00 | -65.38 | 0.0 | -0.00 | 100.0 | 0 | 64.66 | -33.79 | 1.57 |
| 21Q2 (7) | -0.46 | 35.21 | 28.12 | 69.28 | -12.65 | -6.25 | -66.17 | -139.66 | -149.42 | -23.08 | 15.95 | 12.71 | -28.89 | 4.4 | 3.25 | -4.94 | 30.52 | 10.02 | -2.68 | 29.1 | 12.42 | 0.10 | -23.08 | 0.0 | -11.54 | 39.17 | 35.6 | 73.54 | -13.67 | -8.44 | 288.89 | 188.89 | 188.89 | -188.89 | 0 | 0 | 97.66 | 23.98 | 0 |
| 21Q1 (6) | -0.71 | -610.0 | 26.04 | 79.31 | 10.47 | 10.24 | -27.61 | -541.76 | 34.32 | -27.46 | -1408.79 | 32.15 | -30.22 | -1006.96 | 33.89 | -7.11 | -681.32 | 6.82 | -3.78 | -779.07 | 14.29 | 0.13 | -27.78 | 30.0 | -18.97 | -646.69 | 40.79 | 85.18 | 0.39 | 20.01 | 100.00 | 127.27 | -2.33 | -0.00 | -100.0 | 100.0 | 78.77 | 70.68 | 3.77 |
| 20Q4 (5) | -0.10 | 75.0 | -433.33 | 71.79 | -2.45 | 4.53 | 6.25 | 151.82 | 78.57 | -1.82 | 85.23 | -134.08 | -2.73 | 82.75 | -495.65 | -0.91 | 74.93 | -533.33 | -0.43 | 77.84 | -326.32 | 0.18 | 38.46 | 0.0 | 3.47 | 186.1 | -66.51 | 84.85 | 4.51 | 20.92 | -366.67 | -466.67 | -623.81 | 466.67 | 0 | 1066.67 | 46.15 | -27.51 | 25.75 |
| 20Q3 (4) | -0.40 | 37.5 | 0.0 | 73.59 | -0.42 | 0.0 | -12.06 | 54.54 | 0.0 | -12.32 | 53.4 | 0.0 | -15.83 | 46.99 | 0.0 | -3.63 | 33.88 | 0.0 | -1.94 | 36.6 | 0.0 | 0.13 | 30.0 | 0.0 | -4.03 | 77.51 | 0.0 | 81.19 | 1.08 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 63.66 | 0 | 0.0 |
| 20Q2 (3) | -0.64 | 33.33 | 0.0 | 73.90 | 2.72 | 0.0 | -26.53 | 36.89 | 0.0 | -26.44 | 34.67 | 0.0 | -29.86 | 34.68 | 0.0 | -5.49 | 28.05 | 0.0 | -3.06 | 30.61 | 0.0 | 0.10 | 0.0 | 0.0 | -17.92 | 44.07 | 0.0 | 80.32 | 13.16 | 0.0 | 100.00 | -2.33 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.96 | -3300.0 | 0.0 | 71.94 | 4.75 | 0.0 | -42.04 | -1301.14 | 0.0 | -40.47 | -857.87 | 0.0 | -45.71 | -6724.64 | 0.0 | -7.63 | -3733.33 | 0.0 | -4.41 | -2421.05 | 0.0 | 0.10 | -44.44 | 0.0 | -32.04 | -409.27 | 0.0 | 70.98 | 1.15 | 0.0 | 102.38 | 46.26 | 0.0 | -4.76 | -111.9 | 0.0 | 75.91 | 106.84 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 68.68 | 0.0 | 0.0 | 3.50 | 0.0 | 0.0 | 5.34 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 10.36 | 0.0 | 0.0 | 70.17 | 0.0 | 0.0 | 70.00 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 36.70 | 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) | -0.39 | 0 | 67.76 | 5.51 | 1.75 | 0 | 4.15 | -19.66 | 3.63 | 0 | -3.39 | 0 | -7.46 | 0 | -2.55 | 0 | 0.82 | 32.26 | 9.41 | 0 | 149.32 | -22.1 | 47.83 | -52.17 | 52.17 | 0 | 10.49 | -13.72 | 43.67 | -34.18 |
| 2022 (9) | -3.65 | 0 | 64.22 | -13.69 | -39.15 | 0 | 5.16 | -2.83 | -39.23 | 0 | -38.61 | 0 | -55.47 | 0 | -23.58 | 0 | 0.62 | 24.0 | -31.61 | 0 | 191.68 | 99.98 | 100.00 | -20.56 | -0.00 | 0 | 12.15 | 15.91 | 66.35 | -6.06 |
| 2021 (8) | -1.94 | 0 | 74.41 | 2.35 | -24.69 | 0 | 5.31 | 7.72 | -19.65 | 0 | -22.07 | 0 | -21.01 | 0 | -10.81 | 0 | 0.50 | 0.0 | -11.32 | 0 | 95.85 | 12.96 | 125.88 | 45.76 | -25.88 | 0 | 10.49 | 5.42 | 70.63 | 13.3 |
| 2020 (7) | -2.10 | 0 | 72.70 | 7.67 | -14.95 | 0 | 4.93 | 10.12 | -17.43 | 0 | -20.38 | 0 | -17.95 | 0 | -9.89 | 0 | 0.50 | 2.04 | -9.86 | 0 | 84.85 | 20.92 | 86.36 | -18.18 | 14.77 | 0 | 9.95 | -3.37 | 62.34 | 12.89 |
| 2019 (6) | -2.44 | 0 | 67.52 | -1.39 | -21.28 | 0 | 4.48 | 193.28 | -20.14 | 0 | -22.81 | 0 | -17.17 | 0 | -10.99 | 0 | 0.49 | 0.0 | -12.69 | 0 | 70.17 | 83.88 | 105.56 | -6.17 | -5.56 | 0 | 10.29 | -3.8 | 55.22 | 14.0 |
| 2018 (5) | -0.78 | 0 | 68.47 | 0.47 | -6.84 | 0 | 1.53 | 14.31 | -6.01 | 0 | -7.57 | 0 | -5.03 | 0 | -3.71 | 0 | 0.49 | 4.26 | -1.72 | 0 | 38.16 | 14.53 | 112.50 | 62.5 | -12.50 | 0 | 10.70 | 0 | 48.44 | 17.89 |
| 2017 (4) | -1.30 | 0 | 68.15 | -12.46 | 1.52 | -54.35 | 1.34 | -63.87 | 2.11 | -32.59 | -14.00 | 0 | 0.99 | 12.5 | 0.74 | 10.45 | 0.47 | 42.42 | 6.34 | -36.47 | 33.32 | -5.37 | 69.23 | -34.62 | 30.77 | 0 | 0.00 | 0 | 41.09 | -29.16 |
| 2016 (3) | -0.94 | 0 | 77.85 | 1.49 | 3.33 | 0 | 3.70 | -27.99 | 3.13 | 0 | -12.77 | 0 | 0.88 | 0 | 0.67 | 0 | 0.33 | 22.22 | 9.98 | 0 | 35.21 | 16.78 | 105.88 | 43.08 | -5.88 | 0 | 0.00 | 0 | 58.00 | -8.4 |
| 2015 (2) | 0.62 | 264.71 | 76.71 | -3.23 | -7.68 | 0 | 5.13 | 62.94 | -10.21 | 0 | 9.84 | 560.4 | -4.08 | 0 | -3.02 | 0 | 0.27 | -43.75 | -1.64 | 0 | 30.15 | -24.36 | 74.00 | -66.83 | 24.00 | 0 | 0.00 | 0 | 63.32 | 5.89 |
| 2014 (1) | 0.17 | -73.44 | 79.27 | 0 | -6.80 | 0 | 3.15 | 4.14 | -3.01 | 0 | 1.49 | 0 | -2.60 | 0 | -1.85 | 0 | 0.48 | -36.0 | 2.22 | -74.1 | 39.86 | -5.0 | 223.08 | 0 | -123.08 | 0 | 0.00 | 0 | 59.80 | 25.26 |
