- 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) | -0.77 | 37.9 | -2.67 | 3.81 | 121.86 | 164.25 | -17.86 | 59.02 | 24.51 | -23.34 | 43.62 | -28.24 | -23.42 | 43.84 | -27.08 | -8.25 | 31.87 | -62.08 | -3.70 | 39.14 | -10.78 | 0.17 | 13.33 | -10.53 | -11.49 | 60.28 | -24.08 | 111.80 | 5.98 | 92.1 | 75.61 | -27.68 | -42.18 | 24.39 | 636.59 | 179.27 | 26.18 | -15.9 | 19.16 |
| 24Q2 (19) | -1.24 | 25.75 | 41.23 | -17.43 | 3.43 | -1.04 | -43.58 | 35.91 | -6.84 | -41.40 | 31.94 | 36.73 | -41.70 | 31.45 | 36.33 | -12.11 | 15.67 | 6.63 | -6.08 | 24.19 | 36.86 | 0.15 | 15.38 | 0.0 | -28.93 | 38.79 | 45.03 | 105.49 | 29.29 | 177.24 | 104.55 | -6.01 | 67.27 | -4.55 | 59.55 | -112.12 | 31.13 | -2.54 | 15.42 |
| 24Q1 (18) | -1.67 | 7.22 | -70.41 | -18.05 | 21.83 | -128.48 | -68.00 | -33.86 | -135.78 | -60.83 | -1.08 | -106.9 | -60.83 | -1.08 | -107.05 | -14.36 | -6.85 | -160.14 | -8.02 | 0.62 | -82.69 | 0.13 | -7.14 | -13.33 | -47.26 | 1.75 | -168.37 | 81.59 | 18.23 | 186.08 | 111.24 | 32.09 | 13.42 | -11.24 | -171.16 | -684.27 | 31.94 | 5.07 | 21.72 |
| 23Q4 (17) | -1.80 | -140.0 | 1.64 | -23.09 | -289.38 | 33.69 | -50.80 | -114.71 | 18.86 | -60.18 | -230.66 | 11.17 | -60.18 | -226.53 | 11.17 | -13.44 | -164.05 | -35.62 | -8.07 | -141.62 | -5.08 | 0.14 | -26.32 | 27.27 | -48.10 | -419.44 | 11.61 | 69.01 | 18.57 | 258.12 | 84.21 | -35.6 | -8.47 | 15.79 | 151.32 | 97.37 | 30.40 | 38.37 | -10.72 |
| 23Q3 (16) | -0.75 | 64.45 | 75.33 | -5.93 | 65.62 | 87.92 | -23.66 | 42.0 | 68.34 | -18.20 | 72.18 | 84.39 | -18.43 | 71.86 | 84.18 | -5.09 | 60.76 | 64.03 | -3.34 | 65.32 | 65.35 | 0.19 | 26.67 | 137.5 | -9.26 | 82.41 | 90.67 | 58.20 | 52.96 | 58.11 | 130.77 | 109.23 | 104.41 | -30.77 | -182.05 | -185.41 | 21.97 | -18.54 | -46.32 |
| 23Q2 (15) | -2.11 | -115.31 | -108.91 | -17.25 | -118.35 | -279.96 | -40.79 | -41.44 | -104.56 | -65.43 | -122.55 | -224.71 | -65.49 | -122.91 | -217.3 | -12.97 | -134.96 | -198.16 | -9.63 | -119.36 | -232.07 | 0.15 | 0.0 | 7.14 | -52.63 | -198.86 | -347.53 | 38.05 | 33.42 | -28.06 | 62.50 | -36.27 | -36.34 | 37.50 | 1850.0 | 1962.5 | 26.97 | 2.78 | 69.84 |
| 23Q1 (14) | -0.98 | 46.45 | -545.45 | -7.90 | 77.31 | -268.8 | -28.84 | 53.94 | -326.0 | -29.40 | 56.61 | -1054.55 | -29.38 | 56.63 | -1047.74 | -5.52 | 44.3 | -713.33 | -4.39 | 42.84 | -765.15 | 0.15 | 36.36 | -25.0 | -17.61 | 67.64 | -305.01 | 28.52 | 48.0 | -31.54 | 98.08 | 6.61 | 143.59 | 1.92 | -75.96 | -99.41 | 26.24 | -22.94 | 75.52 |
| 22Q4 (13) | -1.83 | 39.8 | -215.52 | -34.82 | 29.07 | -1423.95 | -62.61 | 16.21 | -344.36 | -67.75 | 41.9 | -613.16 | -67.75 | 41.85 | -711.38 | -9.91 | 29.96 | -314.64 | -7.68 | 20.33 | -365.45 | 0.11 | 37.5 | -45.0 | -54.42 | 45.19 | -1284.73 | 19.27 | -47.65 | -57.68 | 92.00 | 43.81 | -37.05 | 8.00 | -77.79 | 116.42 | 34.05 | -16.81 | 133.86 |
| 22Q3 (12) | -3.04 | -200.99 | -390.32 | -49.09 | -981.28 | -8147.54 | -74.72 | -274.72 | -531.61 | -116.61 | -478.71 | -906.13 | -116.50 | -464.44 | -1111.02 | -14.15 | -225.29 | -492.05 | -9.64 | -232.41 | -487.8 | 0.08 | -42.86 | -52.94 | -99.28 | -744.22 | -1672.86 | 36.81 | -30.4 | -3.41 | 63.98 | -34.84 | -37.48 | 36.02 | 1881.37 | 1649.07 | 40.93 | 157.75 | 182.47 |
| 22Q2 (11) | -1.01 | -559.09 | -3466.67 | -4.54 | -197.01 | -137.34 | -19.94 | -194.53 | -872.87 | -20.15 | -754.22 | -1154.97 | -20.64 | -765.81 | -5997.14 | -4.35 | -583.33 | -4450.0 | -2.90 | -539.39 | -3000.0 | 0.14 | -30.0 | -26.32 | -11.76 | -236.9 | -281.2 | 52.89 | 26.96 | 11.94 | 98.18 | 143.64 | -26.36 | 1.82 | -99.44 | 105.45 | 15.88 | 6.22 | 19.22 |
| 22Q1 (10) | 0.22 | 137.93 | -64.52 | 4.68 | 77.95 | -71.41 | -6.77 | 51.95 | -205.62 | 3.08 | 132.42 | -64.14 | 3.10 | 137.13 | -57.65 | 0.90 | 137.66 | -59.64 | 0.66 | 140.0 | -58.23 | 0.20 | 0.0 | -4.76 | 8.59 | 318.58 | -33.31 | 41.66 | -8.5 | -0.64 | -225.00 | -253.95 | -402.34 | 325.00 | 767.11 | 1170.45 | 14.95 | 2.68 | 10.5 |
| 21Q4 (9) | -0.58 | 6.45 | -141.43 | 2.63 | 331.15 | -87.48 | -14.09 | -19.1 | -248.16 | -9.50 | 18.03 | -178.71 | -8.35 | 13.2 | -169.18 | -2.39 | 0.0 | -142.3 | -1.65 | -0.61 | -146.74 | 0.20 | 17.65 | -31.03 | -3.93 | 29.82 | -124.81 | 45.53 | 19.47 | -6.24 | 146.15 | 42.83 | 87.52 | -48.72 | -1994.87 | -336.63 | 14.56 | 0.48 | 72.51 |
| 21Q3 (8) | -0.62 | -2166.67 | -153.91 | 0.61 | -94.98 | -97.06 | -11.83 | -558.53 | -245.87 | -11.59 | -706.81 | -218.27 | -9.62 | -2848.57 | -198.16 | -2.39 | -2490.0 | -132.65 | -1.64 | -1740.0 | -140.49 | 0.17 | -10.53 | -58.54 | -5.60 | -186.29 | -141.18 | 38.11 | -19.34 | -57.56 | 102.33 | -23.26 | 22.35 | -2.33 | 93.02 | -112.79 | 14.49 | 8.78 | 27.67 |
| 21Q2 (7) | 0.03 | -95.16 | -75.0 | 12.16 | -25.72 | -7.39 | 2.58 | -59.75 | -36.3 | 1.91 | -77.76 | 25.66 | 0.35 | -95.22 | -77.12 | 0.10 | -95.52 | -87.65 | 0.10 | -93.67 | -81.82 | 0.19 | -9.52 | -38.71 | 6.49 | -49.61 | -14.04 | 47.25 | 12.69 | -38.88 | 133.33 | 79.17 | -50.0 | -33.33 | -230.3 | 80.0 | 13.32 | -1.55 | 0 |
| 21Q1 (6) | 0.62 | -55.71 | 1450.0 | 16.37 | -22.05 | 40.15 | 6.41 | -32.6 | 270.52 | 8.59 | -28.83 | 1407.02 | 7.32 | -39.35 | 1184.21 | 2.23 | -60.53 | 792.0 | 1.58 | -55.24 | 586.96 | 0.21 | -27.59 | -19.23 | 12.88 | -18.69 | 65.98 | 41.93 | -13.65 | -35.97 | 74.42 | -4.52 | -75.19 | 25.58 | 24.25 | 112.79 | 13.53 | 60.31 | -12.99 |
| 20Q4 (5) | 1.40 | 21.74 | 976.92 | 21.00 | 1.35 | 59.82 | 9.51 | 17.26 | 196.26 | 12.07 | 23.16 | 649.69 | 12.07 | 23.16 | 683.77 | 5.65 | -22.81 | 572.62 | 3.53 | -12.84 | 498.31 | 0.29 | -29.27 | -9.38 | 15.84 | 16.47 | 107.06 | 48.56 | -45.92 | -30.32 | 77.94 | -6.81 | -58.03 | 20.59 | 13.24 | 124.02 | 8.44 | -25.64 | -12.63 |
| 20Q3 (4) | 1.15 | 858.33 | 0.0 | 20.72 | 57.81 | 0.0 | 8.11 | 100.25 | 0.0 | 9.80 | 544.74 | 0.0 | 9.80 | 540.52 | 0.0 | 7.32 | 803.7 | 0.0 | 4.05 | 636.36 | 0.0 | 0.41 | 32.26 | 0.0 | 13.60 | 80.13 | 0.0 | 89.79 | 16.14 | 0.0 | 83.64 | -68.64 | 0.0 | 18.18 | 110.91 | 0.0 | 11.35 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 200.0 | 0.0 | 13.13 | 12.41 | 0.0 | 4.05 | 134.1 | 0.0 | 1.52 | 166.67 | 0.0 | 1.53 | 168.42 | 0.0 | 0.81 | 224.0 | 0.0 | 0.55 | 139.13 | 0.0 | 0.31 | 19.23 | 0.0 | 7.55 | -2.71 | 0.0 | 77.31 | 18.05 | 0.0 | 266.67 | -11.11 | 0.0 | -166.67 | 16.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.04 | -69.23 | 0.0 | 11.68 | -11.11 | 0.0 | 1.73 | -46.11 | 0.0 | 0.57 | -64.6 | 0.0 | 0.57 | -62.99 | 0.0 | 0.25 | -70.24 | 0.0 | 0.23 | -61.02 | 0.0 | 0.26 | -18.75 | 0.0 | 7.76 | 1.44 | 0.0 | 65.49 | -6.03 | 0.0 | 300.00 | 61.54 | 0.0 | -200.00 | -133.33 | 0.0 | 15.55 | 60.97 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 13.14 | 0.0 | 0.0 | 3.21 | 0.0 | 0.0 | 1.61 | 0.0 | 0.0 | 1.54 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 0.59 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 7.65 | 0.0 | 0.0 | 69.69 | 0.0 | 0.0 | 185.71 | 0.0 | 0.0 | -85.71 | 0.0 | 0.0 | 9.66 | 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) | -5.64 | 0 | -12.86 | 0 | -34.94 | 0 | 10.12 | 19.12 | -41.34 | 0 | -41.41 | 0 | -36.98 | 0 | -26.03 | 0 | 0.64 | 4.92 | -30.10 | 0 | 69.01 | 258.12 | 84.56 | -6.86 | 15.44 | 73.8 | 0.18 | 104.3 | 26.04 | 18.69 |
| 2022 (9) | -5.61 | 0 | -11.85 | 0 | -29.01 | 0 | 8.50 | 85.8 | -31.86 | 0 | -31.97 | 0 | -26.22 | 0 | -19.21 | 0 | 0.61 | -22.78 | -22.56 | 0 | 19.27 | -57.68 | 90.79 | -51.47 | 8.88 | 0 | 0.09 | -12.55 | 21.94 | 57.5 |
| 2021 (8) | -0.55 | 0 | 8.62 | -51.11 | -3.38 | 0 | 4.57 | 1.08 | -1.79 | 0 | -1.86 | 0 | -2.17 | 0 | -1.32 | 0 | 0.79 | -21.78 | 3.18 | -73.5 | 45.53 | -6.24 | 187.10 | 104.25 | -87.10 | 0 | 0.10 | 138.96 | 13.93 | 20.71 |
| 2020 (7) | 2.71 | 0 | 17.63 | 71.33 | 6.57 | 0 | 4.53 | -31.26 | 7.14 | 0 | 7.14 | 0 | 11.19 | 0 | 7.43 | 0 | 1.01 | -7.34 | 12.00 | 100.0 | 48.56 | -30.32 | 91.60 | 229.77 | 7.63 | -89.43 | 0.04 | -47.39 | 11.54 | -19.19 |
| 2019 (6) | -0.40 | 0 | 10.29 | 92.7 | -0.40 | 0 | 6.58 | 36.27 | -1.32 | 0 | -1.41 | 0 | -2.59 | 0 | -1.13 | 0 | 1.09 | 9.0 | 6.00 | 0 | 69.69 | 4.17 | 27.78 | -73.18 | 72.22 | 0 | 0.08 | -66.59 | 14.28 | -15.95 |
| 2018 (5) | -1.84 | 0 | 5.34 | -64.75 | -6.69 | 0 | 4.83 | 6.45 | -6.48 | 0 | -6.80 | 0 | -10.52 | 0 | -6.52 | 0 | 1.00 | 1.01 | -0.92 | 0 | 66.90 | 50.78 | 103.57 | -0.57 | -3.57 | 0 | 0.24 | 0 | 16.99 | 1.37 |
| 2017 (4) | 1.37 | 82.67 | 15.15 | -3.87 | 5.60 | -16.79 | 4.54 | 1.26 | 5.34 | 99.25 | 4.91 | 85.28 | 7.11 | 83.25 | 5.09 | 74.91 | 0.99 | -1.0 | 10.34 | 35.34 | 44.37 | -9.98 | 104.17 | -59.24 | -5.56 | 0 | 0.00 | 0 | 16.76 | 2.95 |
| 2016 (3) | 0.75 | 63.04 | 15.76 | 26.08 | 6.73 | 300.6 | 4.48 | -1.23 | 2.68 | -1.11 | 2.65 | 38.74 | 3.88 | 74.77 | 2.91 | 64.41 | 1.00 | 20.48 | 7.64 | -1.93 | 49.29 | 16.17 | 255.56 | 308.89 | -152.78 | 0 | 0.00 | 0 | 16.28 | -9.35 |
| 2015 (2) | 0.46 | -91.03 | 12.50 | -46.05 | 1.68 | -85.29 | 4.54 | 94.49 | 2.71 | -82.41 | 1.91 | -87.05 | 2.22 | -91.48 | 1.77 | -90.53 | 0.83 | -33.6 | 7.79 | -56.77 | 42.43 | 11.78 | 62.50 | -15.48 | 37.50 | 43.95 | 0.00 | 0 | 17.96 | 11.55 |
| 2014 (1) | 5.13 | 20.42 | 23.17 | 0 | 11.42 | 0 | 2.33 | -10.93 | 15.41 | 0 | 14.75 | 0 | 26.07 | 0 | 18.70 | 0 | 1.25 | -15.54 | 18.02 | 12.48 | 37.96 | -17.76 | 73.95 | -10.73 | 26.05 | 51.81 | 0.00 | 0 | 16.10 | 18.21 |
