- 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) | -1.85 | -988.24 | -560.71 | 4.94 | -17.67 | 660.0 | -10.29 | -181.15 | 66.25 | -13.37 | -350.17 | -12.54 | -13.87 | -248.49 | 3.55 | -3.24 | -165.57 | -205.66 | -1.51 | -196.08 | -122.06 | 0.12 | -29.41 | 140.0 | -6.43 | -416.75 | -274.25 | 91.00 | 0.35 | 134.42 | 77.06 | -37.8 | -69.94 | 22.94 | 196.08 | 114.68 | 5.66 | 1.25 | -69.64 |
| 24Q2 (19) | -0.17 | -134.0 | 91.01 | 6.00 | 0.84 | 165.72 | -3.66 | 36.46 | 92.03 | -2.97 | -362.83 | 93.91 | -3.98 | -685.29 | 92.05 | -1.22 | -971.43 | 64.01 | -0.51 | -321.74 | 78.84 | 0.17 | 41.67 | 240.0 | 2.03 | -74.72 | 106.32 | 90.68 | 24.3 | 153.3 | 123.88 | 123.93 | 31.62 | -23.88 | -103.87 | -505.97 | 5.59 | -20.93 | -72.85 |
| 24Q1 (18) | 0.50 | 110.57 | 125.91 | 5.95 | 267.61 | 160.22 | -5.76 | 78.05 | 82.74 | 1.13 | 102.09 | 103.2 | 0.68 | 101.25 | 101.9 | 0.14 | 101.94 | 104.23 | 0.23 | 104.76 | 110.04 | 0.12 | 33.33 | 71.43 | 8.03 | 118.49 | 134.24 | 72.95 | 36.2 | 105.78 | -517.65 | -1167.89 | -647.63 | 617.65 | 1098.71 | 11182.35 | 7.07 | -39.47 | -52.58 |
| 23Q4 (17) | -4.73 | -1589.29 | -18.84 | -3.55 | -646.15 | -332.03 | -26.24 | 13.94 | -9.2 | -54.11 | -355.47 | -39.71 | -54.49 | -278.93 | -38.23 | -7.22 | -581.13 | -54.94 | -4.83 | -610.29 | -55.31 | 0.09 | 80.0 | 12.5 | -43.44 | -1277.24 | -46.26 | 53.56 | 37.97 | 24.15 | 48.47 | -81.09 | -21.89 | 51.53 | 132.96 | 35.81 | 11.68 | -37.34 | 3.73 |
| 23Q3 (16) | -0.28 | 85.19 | 86.0 | 0.65 | 107.12 | -92.32 | -30.49 | 33.6 | -194.59 | -11.88 | 75.65 | -11.76 | -14.38 | 71.26 | -26.14 | -1.06 | 68.73 | 47.0 | -0.68 | 71.78 | 40.35 | 0.05 | 0.0 | -54.55 | 3.69 | 111.48 | 187.65 | 38.82 | 8.44 | -16.3 | 256.34 | 172.36 | 163.41 | -156.34 | -2757.75 | -5923.59 | 18.64 | -9.47 | 96.21 |
| 23Q2 (15) | -1.89 | 2.07 | -114.77 | -9.13 | 7.59 | -174.11 | -45.92 | -37.57 | -3758.82 | -48.79 | -38.02 | -1734.21 | -50.04 | -39.85 | -1376.11 | -3.39 | -2.42 | -329.11 | -2.41 | -5.24 | -677.42 | 0.05 | -28.57 | -61.54 | -32.14 | -37.06 | -1204.47 | 35.80 | 0.99 | -52.34 | 94.12 | -0.43 | 111.76 | 5.88 | 7.45 | -89.41 | 20.59 | 38.1 | 253.17 |
| 23Q1 (14) | -1.93 | 51.51 | -392.42 | -9.88 | -745.75 | -200.51 | -33.38 | -38.91 | -1785.88 | -35.35 | 8.73 | -831.88 | -35.78 | 9.23 | -1214.64 | -3.31 | 28.97 | -579.71 | -2.29 | 26.37 | -577.08 | 0.07 | -12.5 | -41.67 | -23.45 | 21.04 | -325.05 | 35.45 | -17.83 | -55.67 | 94.53 | 52.31 | 362.57 | 5.47 | -85.57 | -95.97 | 14.91 | 32.42 | 125.57 |
| 22Q4 (13) | -3.98 | -99.0 | -36.77 | 1.53 | -81.91 | -30.77 | -24.03 | -132.17 | -161.48 | -38.73 | -264.35 | -243.35 | -39.42 | -245.79 | -226.87 | -4.66 | -133.0 | -36.66 | -3.11 | -172.81 | -71.82 | 0.08 | -27.27 | -50.0 | -29.70 | -605.46 | -353.44 | 43.14 | -6.99 | -43.83 | 62.06 | -36.23 | -23.77 | 37.94 | 1313.25 | 104.15 | 11.26 | 18.53 | 83.39 |
| 22Q3 (12) | -2.00 | -127.27 | -26.58 | 8.46 | -31.33 | 19.83 | -10.35 | -769.75 | -80.94 | -10.63 | -299.62 | -25.65 | -11.40 | -236.28 | -65.46 | -2.00 | -153.16 | -26.58 | -1.14 | -267.74 | -44.3 | 0.11 | -15.38 | -15.38 | -4.21 | -244.67 | -41.75 | 46.38 | -38.25 | -39.93 | 97.32 | 118.96 | 44.94 | 2.68 | -95.17 | -91.65 | 9.50 | 62.95 | 55.99 |
| 22Q2 (11) | -0.88 | -233.33 | 40.14 | 12.32 | 25.33 | 45.97 | -1.19 | 32.77 | 56.25 | -2.66 | -155.07 | 58.11 | -3.39 | -205.61 | 43.5 | -0.79 | -214.49 | 52.98 | -0.31 | -164.58 | 58.11 | 0.13 | 8.33 | -13.33 | 2.91 | -72.07 | 327.34 | 75.11 | -6.07 | -7.74 | 44.44 | 223.46 | 4.58 | 55.56 | -59.15 | -1.96 | 5.83 | -11.8 | 32.5 |
| 22Q1 (10) | 0.66 | 122.68 | -1.49 | 9.83 | 344.8 | -19.82 | -1.77 | 80.74 | -155.66 | 4.83 | 142.82 | 98.77 | 3.21 | 126.62 | 205.71 | 0.69 | 120.23 | 86.49 | 0.48 | 126.52 | 50.0 | 0.12 | -25.0 | -25.0 | 10.42 | 259.08 | 45.73 | 79.96 | 4.11 | -23.2 | -36.00 | -144.22 | -127.4 | 136.00 | 631.81 | 533.5 | 6.61 | 7.65 | 45.59 |
| 21Q4 (9) | -2.91 | -84.18 | -409.57 | 2.21 | -68.7 | -74.63 | -9.19 | -60.66 | -1231.88 | -11.28 | -33.33 | -1055.93 | -12.06 | -75.04 | -660.93 | -3.41 | -115.82 | -455.21 | -1.81 | -129.11 | -382.81 | 0.16 | 23.08 | -15.79 | -6.55 | -120.54 | -218.87 | 76.80 | -0.53 | -40.0 | 81.42 | 21.26 | 238.89 | 18.58 | -42.18 | -88.28 | 6.14 | 0.82 | 45.84 |
| 21Q3 (8) | -1.58 | -7.48 | -139.3 | 7.06 | -16.35 | -57.08 | -5.72 | -110.29 | -167.37 | -8.46 | -33.23 | -183.76 | -6.89 | -14.83 | -181.06 | -1.58 | 5.95 | -134.35 | -0.79 | -6.76 | -138.35 | 0.13 | -13.33 | -40.91 | -2.97 | -132.03 | -121.54 | 77.21 | -5.16 | -44.41 | 67.14 | 57.98 | -20.07 | 32.14 | -43.28 | 100.89 | 6.09 | 38.41 | 70.11 |
| 21Q2 (7) | -1.47 | -319.4 | -65.17 | 8.44 | -31.16 | -16.85 | -2.72 | -185.53 | -25.35 | -6.35 | -361.32 | 17.43 | -6.00 | -671.43 | 17.81 | -1.68 | -554.05 | 35.38 | -0.74 | -331.25 | 9.76 | 0.15 | -6.25 | 7.14 | -1.28 | -117.9 | 23.81 | 81.41 | -21.81 | -46.54 | 42.50 | -67.65 | 50.38 | 56.67 | 280.62 | -21.01 | 4.40 | -3.08 | 0 |
| 21Q1 (6) | 0.67 | -28.72 | 175.28 | 12.26 | 40.76 | 8.4 | 3.18 | 560.87 | 13.98 | 2.43 | 105.93 | 216.27 | 1.05 | -51.16 | 123.23 | 0.37 | -61.46 | 122.98 | 0.32 | -50.0 | 169.57 | 0.16 | -15.79 | 6.67 | 7.15 | 29.76 | 100.28 | 104.12 | -18.66 | -28.56 | 131.37 | 324.11 | 198.53 | -31.37 | -119.78 | -113.3 | 4.54 | 7.84 | 0 |
| 20Q4 (5) | 0.94 | -76.62 | 171.21 | 8.71 | -47.05 | -17.75 | -0.69 | -108.13 | 14.81 | 1.18 | -88.32 | 116.28 | 2.15 | -74.71 | 128.82 | 0.96 | -79.13 | 136.64 | 0.64 | -68.93 | 171.91 | 0.19 | -13.64 | 26.67 | 5.51 | -60.04 | 474.83 | 128.00 | -7.85 | -1.76 | -58.62 | -169.79 | -605.6 | 158.62 | 891.38 | 77.96 | 4.21 | 17.6 | -13.91 |
| 20Q3 (4) | 4.02 | 551.69 | 0.0 | 16.45 | 62.07 | 0.0 | 8.49 | 491.24 | 0.0 | 10.10 | 231.34 | 0.0 | 8.50 | 216.44 | 0.0 | 4.60 | 276.92 | 0.0 | 2.06 | 351.22 | 0.0 | 0.22 | 57.14 | 0.0 | 13.79 | 920.83 | 0.0 | 138.90 | -8.79 | 0.0 | 84.00 | 197.23 | 0.0 | 16.00 | -77.7 | 0.0 | 3.58 | 0 | 0.0 |
| 20Q2 (3) | -0.89 | 0.0 | 0.0 | 10.15 | -10.26 | 0.0 | -2.17 | -177.78 | 0.0 | -7.69 | -267.94 | 0.0 | -7.30 | -61.5 | 0.0 | -2.60 | -61.49 | 0.0 | -0.82 | -78.26 | 0.0 | 0.14 | -6.67 | 0.0 | -1.68 | -147.06 | 0.0 | 152.28 | 4.49 | 0.0 | 28.26 | 121.2 | 0.0 | 71.74 | -69.59 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.89 | 32.58 | 0.0 | 11.31 | 6.8 | 0.0 | 2.79 | 444.44 | 0.0 | -2.09 | 71.17 | 0.0 | -4.52 | 39.41 | 0.0 | -1.61 | 38.55 | 0.0 | -0.46 | 48.31 | 0.0 | 0.15 | 0.0 | 0.0 | 3.57 | 342.86 | 0.0 | 145.74 | 11.86 | 0.0 | -133.33 | -1250.0 | 0.0 | 235.90 | 164.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.32 | 0.0 | 0.0 | 10.59 | 0.0 | 0.0 | -0.81 | 0.0 | 0.0 | -7.25 | 0.0 | 0.0 | -7.46 | 0.0 | 0.0 | -2.62 | 0.0 | 0.0 | -0.89 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | -1.47 | 0.0 | 0.0 | 130.29 | 0.0 | 0.0 | 11.59 | 0.0 | 0.0 | 89.13 | 0.0 | 0.0 | 4.89 | 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) | -8.82 | 0 | -5.41 | 0 | -32.68 | 0 | 10.85 | 119.17 | -39.68 | 0 | -40.66 | 0 | -15.03 | 0 | -9.80 | 0 | 0.25 | -45.65 | -26.57 | 0 | 53.56 | 24.15 | 82.37 | -3.0 | 17.63 | 16.87 | 3.34 | 0.07 | 15.61 | 96.6 |
| 2022 (9) | -6.14 | 0 | 8.73 | 15.48 | -7.77 | 0 | 4.95 | 30.31 | -9.14 | 0 | -10.12 | 0 | -7.36 | 0 | -4.19 | 0 | 0.46 | -23.33 | -2.72 | 0 | 43.14 | -43.83 | 84.91 | 40.12 | 15.09 | -61.71 | 3.33 | 0.27 | 7.94 | 50.95 |
| 2021 (8) | -5.34 | 0 | 7.56 | -36.68 | -3.44 | 0 | 3.80 | 22.08 | -5.69 | 0 | -5.84 | 0 | -6.97 | 0 | -2.99 | 0 | 0.60 | -13.04 | -0.69 | 0 | 76.80 | -40.0 | 60.60 | -66.25 | 39.40 | 0 | 3.32 | 3.75 | 5.26 | 36.27 |
| 2020 (7) | 3.18 | 3.58 | 11.94 | -5.61 | 2.58 | 15.18 | 3.11 | -22.67 | 1.43 | 175.0 | 0.77 | 0 | 1.22 | 0 | 1.37 | -3.52 | 0.69 | 25.45 | 6.19 | -24.05 | 128.00 | -1.76 | 179.53 | -58.18 | -79.53 | 0 | 3.20 | 111.45 | 3.86 | -13.84 |
| 2019 (6) | 3.07 | 0 | 12.65 | 23.41 | 2.24 | 1500.0 | 4.02 | 21.36 | 0.52 | 0 | -0.18 | 0 | -0.27 | 0 | 1.42 | 0 | 0.55 | 19.57 | 8.15 | 0 | 130.29 | -39.52 | 429.27 | 0 | -329.27 | 0 | 1.52 | 25.99 | 4.48 | 12.56 |
| 2018 (5) | -15.83 | 0 | 10.25 | -17.87 | 0.14 | 0 | 3.32 | 27.85 | -14.85 | 0 | -15.33 | 0 | -21.32 | 0 | -5.26 | 0 | 0.46 | -9.8 | -6.50 | 0 | 215.43 | 12.07 | -0.97 | 0 | 100.97 | 8.89 | 1.20 | 0 | 3.98 | 31.79 |
| 2017 (4) | -3.45 | 0 | 12.48 | -37.88 | -0.12 | 0 | 2.59 | 74.12 | -1.71 | 0 | -2.41 | 0 | -3.25 | 0 | 0.36 | -96.68 | 0.51 | -41.38 | 4.82 | -72.89 | 192.23 | 34.46 | 7.27 | -93.0 | 92.73 | 0 | 0.00 | 0 | 3.02 | 30.17 |
| 2016 (3) | 26.42 | -33.37 | 20.09 | -13.11 | 14.76 | -22.76 | 1.49 | 45.31 | 14.21 | -24.85 | 10.74 | -29.57 | 21.88 | -45.98 | 10.85 | -45.83 | 0.87 | -30.95 | 17.78 | -14.02 | 142.96 | 16.85 | 103.89 | 2.82 | -3.89 | 0 | 0.00 | 0 | 2.32 | -0.43 |
| 2015 (2) | 39.65 | 61.57 | 23.12 | 10.31 | 19.11 | 21.64 | 1.03 | -0.77 | 18.91 | 6.42 | 15.25 | -0.46 | 40.50 | 15.29 | 20.03 | -4.3 | 1.26 | -5.97 | 20.68 | 8.05 | 122.34 | 31.7 | 101.04 | 14.26 | -1.07 | 0 | 0.00 | 0 | 2.33 | -25.8 |
| 2014 (1) | 24.54 | 100.49 | 20.96 | 0 | 15.71 | 0 | 1.03 | -41.72 | 17.77 | 0 | 15.32 | 0 | 35.13 | 0 | 20.93 | 0 | 1.34 | 14.53 | 19.14 | 15.16 | 92.89 | 138.85 | 88.43 | -16.48 | 11.57 | 0 | 0.00 | 0 | 3.14 | -23.41 |
