- 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) | -0.44 | -29.41 | -4500.0 | 2.46 | 1266.67 | -73.09 | -8.65 | 37.05 | -2237.84 | -7.98 | -817.24 | -520.0 | -8.82 | -159.41 | -794.49 | -1.53 | -125.0 | -610.0 | -0.93 | -126.83 | -444.44 | 0.11 | -15.38 | -21.43 | 5.06 | -54.54 | -60.38 | 49.35 | -13.89 | -19.1 | 108.47 | -93.09 | 626.88 | -8.47 | 99.42 | -107.2 | 27.95 | -3.35 | 15.02 |
| 24Q2 (19) | -0.34 | -13.33 | -236.0 | 0.18 | -93.9 | -98.7 | -13.74 | -48.54 | -361.22 | -0.87 | 82.24 | -114.55 | -3.40 | 39.29 | -164.27 | -0.68 | 37.61 | -150.0 | -0.41 | 30.51 | -146.59 | 0.13 | 8.33 | -13.33 | 11.13 | 31.87 | -29.06 | 57.31 | -1.27 | -17.12 | 1569.23 | 725.3 | 1686.75 | -1469.23 | -1555.8 | -12168.68 | 28.92 | -0.07 | 25.36 |
| 24Q1 (18) | -0.30 | -233.33 | -1100.0 | 2.95 | -73.61 | -74.12 | -9.25 | -9350.0 | -512.95 | -4.90 | -16433.33 | -380.0 | -5.60 | -748.48 | -534.11 | -1.09 | -678.57 | -475.86 | -0.59 | -1375.0 | -336.0 | 0.12 | -7.69 | -14.29 | 8.44 | -29.67 | -29.67 | 58.05 | 4.03 | -16.56 | 190.14 | -4.93 | 47.36 | -88.73 | 11.27 | -205.63 | 28.94 | 12.78 | 9.46 |
| 23Q4 (17) | -0.09 | -1000.0 | -147.37 | 11.18 | 22.32 | -20.03 | 0.10 | 127.03 | -98.24 | 0.03 | -98.42 | -99.49 | -0.66 | -151.97 | -114.01 | -0.14 | -146.67 | -111.2 | -0.04 | -114.81 | -105.0 | 0.13 | -7.14 | -18.75 | 12.00 | -6.03 | -16.61 | 55.80 | -8.52 | -8.27 | 200.00 | 1071.43 | 110.08 | -100.00 | -185.0 | -2600.0 | 25.66 | 5.6 | -4.86 |
| 23Q3 (16) | 0.01 | -96.0 | -98.95 | 9.14 | -33.82 | -57.49 | -0.37 | -107.03 | -102.58 | 1.90 | -68.23 | -89.93 | 1.27 | -75.99 | -92.34 | 0.30 | -77.94 | -94.29 | 0.27 | -69.32 | -91.59 | 0.14 | -6.67 | -26.32 | 12.77 | -18.61 | -50.9 | 61.00 | -11.79 | -5.66 | -20.59 | -123.44 | -127.11 | 117.65 | 866.39 | 388.77 | 24.30 | 5.33 | 5.42 |
| 23Q2 (15) | 0.25 | 733.33 | -63.24 | 13.81 | 21.14 | -34.08 | 5.26 | 134.82 | -63.37 | 5.98 | 241.71 | -63.34 | 5.29 | 310.08 | -62.0 | 1.36 | 368.97 | -69.84 | 0.88 | 252.0 | -67.65 | 0.15 | 7.14 | -21.05 | 15.69 | 30.75 | -34.05 | 69.15 | -0.6 | -2.04 | 87.83 | -31.93 | -0.25 | 12.17 | 141.93 | 1.82 | 23.07 | -12.75 | -2.16 |
| 23Q1 (14) | 0.03 | -84.21 | -95.38 | 11.40 | -18.45 | -46.63 | 2.24 | -60.63 | -84.9 | 1.75 | -70.49 | -89.08 | 1.29 | -72.61 | -90.69 | 0.29 | -76.8 | -93.63 | 0.25 | -68.75 | -91.23 | 0.14 | -12.5 | -30.0 | 12.00 | -16.61 | -49.24 | 69.57 | 14.37 | 1.25 | 129.03 | 35.54 | 39.34 | -29.03 | -825.81 | -492.52 | 26.44 | -1.97 | 14.06 |
| 22Q4 (13) | 0.19 | -80.0 | -54.76 | 13.98 | -34.98 | -19.75 | 5.69 | -60.32 | -46.27 | 5.93 | -68.56 | -45.35 | 4.71 | -71.61 | -48.52 | 1.25 | -76.19 | -58.47 | 0.80 | -75.08 | -57.67 | 0.16 | -15.79 | -20.0 | 14.39 | -44.68 | -25.67 | 60.83 | -5.92 | 10.34 | 95.20 | 25.38 | -2.51 | 4.00 | -83.38 | 70.4 | 26.97 | 17.01 | 25.73 |
| 22Q3 (12) | 0.95 | 39.71 | 295.83 | 21.50 | 2.63 | 45.86 | 14.34 | -0.14 | 79.92 | 18.86 | 15.63 | 124.26 | 16.59 | 19.18 | 146.51 | 5.25 | 16.41 | 111.69 | 3.21 | 18.01 | 127.66 | 0.19 | 0.0 | -5.0 | 26.01 | 9.33 | 50.7 | 64.66 | -8.4 | -9.63 | 75.93 | -13.76 | -19.63 | 24.07 | 101.31 | 390.43 | 23.05 | -2.25 | 7.66 |
| 22Q2 (11) | 0.68 | 4.62 | 423.08 | 20.95 | -1.92 | 59.19 | 14.36 | -3.17 | 133.5 | 16.31 | 1.75 | 179.76 | 13.92 | 0.43 | 208.65 | 4.51 | -0.88 | 178.4 | 2.72 | -4.56 | 202.22 | 0.19 | -5.0 | 5.56 | 23.79 | 0.63 | 52.4 | 70.59 | 2.74 | -30.23 | 88.04 | -4.92 | -16.07 | 11.96 | 61.65 | 343.91 | 23.58 | 1.73 | 0.13 |
| 22Q1 (10) | 0.65 | 54.76 | 1183.33 | 21.36 | 22.62 | 161.76 | 14.83 | 40.04 | 1413.27 | 16.03 | 47.74 | 2444.44 | 13.86 | 51.48 | 17425.0 | 4.55 | 51.16 | 15266.67 | 2.85 | 50.79 | 4650.0 | 0.20 | 0.0 | 11.11 | 23.64 | 22.11 | 114.52 | 68.71 | 24.63 | -21.78 | 92.60 | -5.17 | -42.12 | 7.40 | 215.09 | 112.33 | 23.18 | 8.07 | -0.9 |
| 21Q4 (9) | 0.42 | 75.0 | 235.48 | 17.42 | 18.18 | 867.78 | 10.59 | 32.87 | 284.17 | 10.85 | 29.01 | 275.57 | 9.15 | 35.96 | 253.01 | 3.01 | 21.37 | 257.59 | 1.89 | 34.04 | 285.29 | 0.20 | 0.0 | 11.11 | 19.36 | 12.17 | 313.68 | 55.13 | -22.95 | -31.25 | 97.65 | 3.36 | 5.51 | 2.35 | -52.17 | -68.48 | 21.45 | 0.19 | -5.92 |
| 21Q3 (8) | 0.24 | 84.62 | 146.15 | 14.74 | 12.01 | 494.12 | 7.97 | 29.59 | 165.6 | 8.41 | 44.25 | 166.06 | 6.73 | 49.22 | 154.98 | 2.48 | 53.09 | 169.47 | 1.41 | 56.67 | 177.9 | 0.20 | 11.11 | 33.33 | 17.26 | 10.57 | 4022.73 | 71.55 | -29.28 | -7.13 | 94.48 | -9.94 | -0.97 | 4.91 | 200.12 | 6.75 | 21.41 | -9.09 | -18.16 |
| 21Q2 (7) | 0.13 | 316.67 | 134.21 | 13.16 | 61.27 | 462.39 | 6.15 | 527.55 | 202.84 | 5.83 | 825.4 | 187.28 | 4.51 | 5737.5 | 163.88 | 1.62 | 5500.0 | 171.68 | 0.90 | 1400.0 | 189.11 | 0.18 | 0.0 | 12.5 | 15.61 | 41.65 | 217.28 | 101.17 | 15.18 | -0.08 | 104.90 | -34.44 | 18.17 | -4.90 | 91.83 | -148.04 | 23.55 | 0.68 | 0 |
| 21Q1 (6) | -0.06 | 80.65 | 86.67 | 8.16 | 353.33 | 700.0 | 0.98 | 117.04 | 110.14 | 0.63 | 110.19 | 107.05 | -0.08 | 98.66 | 99.1 | -0.03 | 98.43 | 98.88 | 0.06 | 105.88 | 104.92 | 0.18 | 0.0 | 20.0 | 11.02 | 135.47 | 256.63 | 87.84 | 9.54 | -16.54 | 160.00 | 72.87 | 48.06 | -60.00 | -905.71 | -644.0 | 23.39 | 2.59 | -11.57 |
| 20Q4 (5) | -0.31 | 40.38 | 55.71 | 1.80 | 148.13 | 129.41 | -5.75 | 52.67 | 62.44 | -6.18 | 51.45 | 61.95 | -5.98 | 51.14 | 61.29 | -1.91 | 46.5 | 57.37 | -1.02 | 43.65 | 55.46 | 0.18 | 20.0 | 20.0 | 4.68 | 1163.64 | 192.86 | 80.19 | 4.09 | -17.06 | 92.55 | -2.99 | -2.08 | 7.45 | 61.97 | 25.45 | 22.80 | -12.84 | -8.8 |
| 20Q3 (4) | -0.52 | -36.84 | 0.0 | -3.74 | -259.83 | 0.0 | -12.15 | -103.18 | 0.0 | -12.73 | -90.57 | 0.0 | -12.24 | -73.37 | 0.0 | -3.57 | -57.96 | 0.0 | -1.81 | -79.21 | 0.0 | 0.15 | -6.25 | 0.0 | -0.44 | -108.94 | 0.0 | 77.04 | -23.91 | 0.0 | 95.40 | 7.46 | 0.0 | 4.60 | -54.94 | 0.0 | 26.16 | 0 | 0.0 |
| 20Q2 (3) | -0.38 | 15.56 | 0.0 | 2.34 | 272.06 | 0.0 | -5.98 | 38.1 | 0.0 | -6.68 | 25.2 | 0.0 | -7.06 | 20.23 | 0.0 | -2.26 | 15.99 | 0.0 | -1.01 | 17.21 | 0.0 | 0.16 | 6.67 | 0.0 | 4.92 | 59.22 | 0.0 | 101.25 | -3.8 | 0.0 | 88.78 | -17.85 | 0.0 | 10.20 | 226.53 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.45 | 35.71 | 0.0 | -1.36 | 77.78 | 0.0 | -9.66 | 36.9 | 0.0 | -8.93 | 45.01 | 0.0 | -8.85 | 42.72 | 0.0 | -2.69 | 39.96 | 0.0 | -1.22 | 46.72 | 0.0 | 0.15 | 0.0 | 0.0 | 3.09 | 161.31 | 0.0 | 105.25 | 8.85 | 0.0 | 108.06 | 14.33 | 0.0 | -8.06 | -235.86 | 0.0 | 26.45 | 5.8 | 0.0 |
| 19Q4 (1) | -0.70 | 0.0 | 0.0 | -6.12 | 0.0 | 0.0 | -15.31 | 0.0 | 0.0 | -16.24 | 0.0 | 0.0 | -15.45 | 0.0 | 0.0 | -4.48 | 0.0 | 0.0 | -2.29 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | -5.04 | 0.0 | 0.0 | 96.69 | 0.0 | 0.0 | 94.52 | 0.0 | 0.0 | 5.94 | 0.0 | 0.0 | 25.00 | 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) | 0.20 | -91.9 | 11.43 | -41.53 | 1.92 | -84.54 | 9.86 | 37.43 | 2.54 | -82.47 | 1.92 | -84.59 | 1.75 | -88.64 | 1.40 | -85.94 | 0.57 | -26.92 | 13.19 | -40.42 | 55.80 | -8.27 | 75.56 | -11.84 | 24.44 | 70.98 | 0.44 | -0.6 | 24.81 | 2.78 |
| 2022 (9) | 2.47 | 238.36 | 19.55 | 43.54 | 12.42 | 85.93 | 7.17 | -18.65 | 14.49 | 115.95 | 12.46 | 133.77 | 15.41 | 121.41 | 9.96 | 123.82 | 0.78 | -1.27 | 22.14 | 38.03 | 60.83 | 10.34 | 85.70 | -13.94 | 14.30 | 3388.42 | 0.44 | -6.74 | 24.14 | 7.86 |
| 2021 (8) | 0.73 | 0 | 13.62 | 0 | 6.68 | 0 | 8.82 | -18.21 | 6.71 | 0 | 5.33 | 0 | 6.96 | 0 | 4.45 | 0 | 0.79 | 21.54 | 16.04 | 409.21 | 55.13 | -31.25 | 99.59 | 2.74 | 0.41 | -86.61 | 0.48 | -2.91 | 22.38 | -10.73 |
| 2020 (7) | -1.64 | 0 | -0.15 | 0 | -8.28 | 0 | 10.78 | 3.78 | -8.53 | 0 | -8.44 | 0 | -10.32 | 0 | -5.11 | 0 | 0.65 | 12.07 | 3.15 | 751.35 | 80.19 | -17.06 | 96.94 | 0.1 | 3.06 | -7.86 | 0.49 | -14.09 | 25.07 | -5.0 |
| 2019 (6) | -2.13 | 0 | -1.70 | 0 | -10.75 | 0 | 10.39 | 58.83 | -11.11 | 0 | -11.12 | 0 | -12.32 | 0 | -6.14 | 0 | 0.58 | -25.64 | 0.37 | -97.02 | 96.69 | 16.68 | 96.84 | 7.6 | 3.32 | -66.78 | 0.57 | -20.99 | 26.39 | 7.49 |
| 2018 (5) | 0.26 | 0 | 13.58 | 27.15 | 4.75 | 598.53 | 6.54 | 7.81 | 5.28 | 0 | 3.72 | 0 | 5.17 | 0 | 3.13 | 0 | 0.78 | -4.88 | 12.41 | 88.03 | 82.87 | 16.06 | 90.00 | 0 | 10.00 | -97.5 | 0.72 | 0 | 24.55 | -12.51 |
| 2017 (4) | -0.59 | 0 | 10.68 | 172.45 | 0.68 | 0 | 6.07 | -23.67 | -0.23 | 0 | -0.86 | 0 | -1.23 | 0 | -0.42 | 0 | 0.82 | -5.75 | 6.60 | 856.52 | 71.40 | -6.81 | -300.00 | 0 | 400.00 | 14340.0 | 0.00 | 0 | 28.06 | -10.98 |
| 2016 (3) | -2.36 | 0 | 3.92 | 0 | -8.02 | 0 | 7.95 | 5.72 | -8.25 | 0 | -8.91 | 0 | -14.05 | 0 | -7.42 | 0 | 0.87 | 16.0 | 0.69 | 0 | 76.62 | -11.12 | 97.23 | -2.05 | 2.77 | 276.73 | 0.00 | 0 | 31.52 | -15.86 |
| 2015 (2) | -3.39 | 0 | -2.83 | 0 | -16.91 | 0 | 7.52 | -1.07 | -17.04 | 0 | -17.19 | 0 | -21.33 | 0 | -12.78 | 0 | 0.75 | 341.18 | -9.05 | 0 | 86.21 | 78.6 | 99.26 | -11.76 | 0.74 | 0 | 0.00 | 0 | 37.46 | -7.6 |
| 2014 (1) | -0.79 | 0 | -1.45 | 0 | -15.61 | 0 | 7.60 | 0 | -13.93 | 0 | -16.97 | 0 | -4.24 | 0 | -2.94 | 0 | 0.17 | 0 | -6.00 | 0 | 48.27 | 0 | 112.50 | 0 | -12.50 | 0 | 0.00 | 0 | 40.54 | 0 |
