- 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) | -0.13 | 95.49 | -425.0 | 15.68 | -18.08 | 772.96 | -9.37 | -162.63 | 62.26 | -14.55 | 96.34 | -279.63 | -14.55 | 96.34 | -279.63 | -0.67 | 95.24 | -303.03 | -0.41 | 96.53 | -220.59 | 0.03 | 0.0 | 50.0 | -5.63 | 98.53 | -116.89 | 73.39 | 307.72 | 0.26 | 70.00 | 1857.78 | 123.33 | 40.00 | -61.53 | -90.0 | 26.88 | 740.0 | 24.79 |
| 24Q2 (19) | -2.88 | -139.18 | -802.44 | 19.14 | 169.2 | 1057.0 | 14.96 | 132.24 | 147.07 | -397.75 | -139.61 | -576.69 | -397.75 | -139.61 | -577.55 | -14.09 | -136.22 | -537.58 | -11.80 | -140.77 | -675.61 | 0.03 | 0.0 | 50.0 | -384.21 | -137.34 | -443.78 | 18.00 | -9.46 | -73.45 | -3.98 | 12.72 | 89.86 | 103.98 | -0.74 | -25.35 | 3.20 | -94.04 | -88.33 |
| 24Q1 (18) | 7.35 | 642.42 | 1834.21 | 7.11 | 145.17 | -57.6 | -46.40 | -34.49 | -1793.43 | 1004.24 | 421.87 | 2118.33 | 1004.24 | 431.15 | 2118.33 | 38.90 | 436.55 | 1162.99 | 28.94 | 548.88 | 1399.48 | 0.03 | 50.0 | -25.0 | 1028.85 | 373.82 | 1624.81 | 19.88 | -68.2 | -72.18 | -4.56 | 74.14 | -159.32 | 104.75 | -10.96 | 13.48 | 53.69 | 44.44 | 247.73 |
| 23Q4 (17) | 0.99 | 2375.0 | 530.43 | 2.90 | 224.46 | -76.93 | -34.50 | -38.94 | -215.36 | 192.43 | 2275.68 | 1009.83 | 189.07 | 2234.2 | 952.43 | 7.25 | 2096.97 | 496.17 | 4.46 | 1211.76 | 569.47 | 0.02 | 0.0 | -60.0 | 217.14 | 551.49 | 1973.51 | 62.51 | -14.6 | -15.39 | -17.65 | 94.12 | -133.09 | 117.65 | -70.59 | 152.1 | 37.17 | 72.56 | 73.85 |
| 23Q3 (16) | 0.04 | -90.24 | 180.0 | -2.33 | -16.5 | -112.96 | -24.83 | 21.87 | -394.54 | 8.10 | -90.29 | 260.08 | 8.10 | -90.27 | 260.08 | 0.33 | -89.75 | 176.74 | 0.34 | -83.41 | 312.5 | 0.02 | 0.0 | -60.0 | 33.33 | -70.18 | 699.28 | 73.20 | 7.96 | 8.54 | -300.00 | -663.64 | -100.0 | 400.00 | 187.18 | 60.0 | 21.54 | -21.47 | 46.13 |
| 23Q2 (15) | 0.41 | 7.89 | 130.15 | -2.00 | -111.93 | -109.95 | -31.78 | -1259.85 | -329.29 | 83.44 | 84.32 | 183.97 | 83.29 | 83.98 | 182.65 | 3.22 | 4.55 | 132.53 | 2.05 | 6.22 | 131.2 | 0.02 | -50.0 | -71.43 | 111.76 | 87.36 | 221.07 | 67.80 | -5.14 | -0.25 | -39.29 | -610.71 | -171.98 | 139.29 | 50.89 | 21.71 | 27.43 | 77.66 | 173.75 |
| 23Q1 (14) | 0.38 | 265.22 | -63.11 | 16.77 | 33.41 | -28.15 | 2.74 | 125.05 | -57.98 | 45.27 | 314.04 | -40.13 | 45.27 | 304.1 | -39.05 | 3.08 | 268.31 | -56.68 | 1.93 | 303.16 | -64.19 | 0.04 | -20.0 | -42.86 | 59.65 | 614.67 | -27.96 | 71.47 | -3.26 | 116.31 | 7.69 | -85.58 | -8.97 | 92.31 | 97.8 | 0.83 | 15.44 | -27.78 | -19.25 |
| 22Q4 (13) | -0.23 | -360.0 | -131.94 | 12.57 | -30.09 | -26.66 | -10.94 | -229.77 | -448.41 | -21.15 | -317.98 | -131.71 | -22.18 | -338.34 | -133.28 | -1.83 | -325.58 | -134.4 | -0.95 | -493.75 | -123.4 | 0.05 | 0.0 | -16.67 | -11.59 | -377.94 | -115.73 | 73.88 | 9.55 | 124.22 | 53.33 | 135.56 | 1233.33 | 46.67 | -81.33 | -51.39 | 21.38 | 45.05 | 27.19 |
| 22Q3 (12) | -0.05 | 96.32 | -105.75 | 17.98 | -10.55 | -7.84 | 8.43 | -39.18 | 8.77 | -5.06 | 94.91 | -107.41 | -5.06 | 94.98 | -107.61 | -0.43 | 95.66 | -106.5 | -0.16 | 97.56 | -103.15 | 0.05 | -28.57 | -37.5 | 4.17 | 104.52 | -94.44 | 67.44 | -0.78 | 114.85 | -150.00 | -938.46 | -1450.0 | 250.00 | 118.45 | 181.25 | 14.74 | 47.11 | -9.29 |
| 22Q2 (11) | -1.36 | -232.04 | -718.18 | 20.10 | -13.88 | 31.54 | 13.86 | 112.58 | 124.27 | -99.37 | -231.42 | -683.5 | -100.77 | -235.68 | -734.17 | -9.90 | -239.24 | -662.5 | -6.57 | -221.89 | -583.09 | 0.07 | 0.0 | -12.5 | -92.31 | -211.49 | -497.37 | 67.97 | 105.72 | 118.62 | -14.44 | -270.93 | -140.93 | 114.44 | 25.01 | 76.87 | 10.02 | -47.59 | -20.1 |
| 22Q1 (10) | 1.03 | 43.06 | 692.31 | 23.34 | 36.17 | 46.33 | 6.52 | 107.64 | 116.61 | 75.61 | 13.36 | 638.38 | 74.27 | 11.43 | 675.26 | 7.11 | 33.65 | 570.75 | 5.39 | 32.76 | 549.4 | 0.07 | 16.67 | -12.5 | 82.80 | 12.38 | 377.23 | 33.04 | 0.27 | -3.28 | 8.45 | 111.27 | -71.83 | 91.55 | -4.64 | 30.78 | 19.12 | 13.74 | 9.44 |
| 21Q4 (9) | 0.72 | -17.24 | 500.0 | 17.14 | -12.15 | 73.83 | 3.14 | -59.48 | 348.57 | 66.70 | -2.29 | 518.16 | 66.65 | 0.29 | 446.31 | 5.32 | -19.64 | 437.37 | 4.06 | -20.08 | 420.51 | 0.06 | -25.0 | 0.0 | 73.68 | -1.76 | 273.63 | 32.95 | 4.97 | -3.94 | 4.00 | -64.0 | -68.0 | 96.00 | 8.0 | 9.71 | 16.81 | 3.45 | -9.38 |
| 21Q3 (8) | 0.87 | 295.45 | 1840.0 | 19.51 | 27.68 | 63.26 | 7.75 | 25.4 | 822.62 | 68.26 | 300.82 | 1577.49 | 66.46 | 318.25 | 1426.55 | 6.62 | 276.14 | 1639.53 | 5.08 | 273.53 | 1851.72 | 0.08 | 0.0 | 33.33 | 75.00 | 222.86 | 1751.85 | 31.39 | 0.96 | -5.02 | 11.11 | -68.52 | 133.33 | 88.89 | 37.37 | -33.33 | 16.25 | 29.59 | 19.93 |
| 21Q2 (7) | 0.22 | 69.23 | -66.67 | 15.28 | -4.2 | 14.37 | 6.18 | 105.32 | 134.98 | 17.03 | 66.31 | -70.61 | 15.89 | 65.87 | -71.91 | 1.76 | 66.04 | -65.83 | 1.36 | 63.86 | -65.57 | 0.08 | 0.0 | 14.29 | 23.23 | 33.89 | -64.06 | 31.09 | -8.99 | -9.67 | 35.29 | 17.65 | 729.41 | 64.71 | -7.56 | -32.42 | 12.54 | -28.22 | 0 |
| 21Q1 (6) | 0.13 | 8.33 | 111.4 | 15.95 | 61.76 | -19.97 | 3.01 | 330.0 | -48.81 | 10.24 | -5.1 | 113.85 | 9.58 | -21.48 | 112.75 | 1.06 | 7.07 | 112.71 | 0.83 | 6.41 | 112.58 | 0.08 | 33.33 | -11.11 | 17.35 | -12.02 | 125.54 | 34.16 | -0.41 | 20.75 | 30.00 | 140.0 | 490.0 | 70.00 | -20.0 | -35.0 | 17.47 | -5.82 | 0 |
| 20Q4 (5) | 0.12 | 340.0 | -14.29 | 9.86 | -17.49 | -30.02 | 0.70 | -16.67 | -16.67 | 10.79 | 333.55 | -3.4 | 12.20 | 343.51 | 13.28 | 0.99 | 330.23 | 2.06 | 0.78 | 368.97 | -3.7 | 0.06 | 0.0 | -14.29 | 19.72 | 386.91 | 9.68 | 34.30 | 3.78 | 47.02 | 12.50 | 137.5 | 25.0 | 87.50 | -34.37 | -2.78 | 18.55 | 36.9 | 0 |
| 20Q3 (4) | -0.05 | -107.58 | 0.0 | 11.95 | -10.55 | 0.0 | 0.84 | -68.06 | 0.0 | -4.62 | -107.97 | 0.0 | -5.01 | -108.86 | 0.0 | -0.43 | -108.35 | 0.0 | -0.29 | -107.34 | 0.0 | 0.06 | -14.29 | 0.0 | 4.05 | -93.73 | 0.0 | 33.05 | -3.98 | 0.0 | -33.33 | -883.33 | 0.0 | 133.33 | 39.26 | 0.0 | 13.55 | 0 | 0.0 |
| 20Q2 (3) | 0.66 | 157.89 | 0.0 | 13.36 | -32.97 | 0.0 | 2.63 | -55.27 | 0.0 | 57.94 | 178.38 | 0.0 | 56.56 | 175.26 | 0.0 | 5.15 | 161.75 | 0.0 | 3.95 | 159.85 | 0.0 | 0.07 | -22.22 | 0.0 | 64.63 | 195.16 | 0.0 | 34.42 | 21.67 | 0.0 | 4.26 | 155.32 | 0.0 | 95.74 | -11.09 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -1.14 | -914.29 | 0.0 | 19.93 | 41.45 | 0.0 | 5.88 | 600.0 | 0.0 | -73.92 | -761.77 | 0.0 | -75.15 | -797.77 | 0.0 | -8.34 | -959.79 | 0.0 | -6.60 | -914.81 | 0.0 | 0.09 | 28.57 | 0.0 | -67.92 | -477.75 | 0.0 | 28.29 | 21.26 | 0.0 | -7.69 | -176.92 | 0.0 | 107.69 | 19.66 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.14 | 0.0 | 0.0 | 14.09 | 0.0 | 0.0 | 0.84 | 0.0 | 0.0 | 11.17 | 0.0 | 0.0 | 10.77 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 17.98 | 0.0 | 0.0 | 23.33 | 0.0 | 0.0 | 10.00 | 0.0 | 0.0 | 90.00 | 0.0 | 0.0 | 0.00 | 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) | 1.83 | 0 | 5.64 | -70.27 | -18.62 | 0 | 14.81 | 140.74 | 77.10 | 0 | 76.34 | 0 | 13.85 | 0 | 8.83 | 0 | 0.11 | -54.17 | 98.77 | 0 | 62.51 | -15.39 | -24.00 | 0 | 124.00 | -14.33 | 0.00 | 0 | 24.01 | 49.32 |
| 2022 (9) | -0.61 | 0 | 18.97 | 12.18 | 5.30 | 4.13 | 6.15 | 2.1 | -11.67 | 0 | -12.66 | 0 | -4.64 | 0 | -2.71 | 0 | 0.24 | -20.0 | -3.69 | 0 | 73.88 | 124.22 | -44.74 | 0 | 144.74 | 66.09 | 0.00 | 0 | 16.08 | 2.49 |
| 2021 (8) | 1.96 | 0 | 16.91 | 17.59 | 5.09 | 78.6 | 6.03 | -12.73 | 38.42 | 0 | 37.47 | 0 | 14.98 | 0 | 11.35 | 0 | 0.30 | 7.14 | 45.21 | 0 | 32.95 | -3.94 | 13.57 | 0 | 87.14 | -34.64 | 0.00 | 0 | 15.69 | -4.33 |
| 2020 (7) | -0.41 | 0 | 14.38 | 1.27 | 2.85 | 8.78 | 6.91 | 27.03 | -8.03 | 0 | -8.54 | 0 | -3.04 | 0 | -2.24 | 0 | 0.28 | -22.22 | -0.30 | 0 | 34.30 | 47.02 | -33.33 | 0 | 133.33 | 47.17 | 0.00 | 0 | 16.40 | 7.47 |
| 2019 (6) | 1.63 | 25.38 | 14.20 | 0.28 | 2.62 | 33.67 | 5.44 | 17.45 | 27.72 | 21.69 | 27.00 | 28.51 | 11.70 | 57.05 | 9.67 | 62.52 | 0.36 | 28.57 | 33.33 | 20.98 | 23.33 | 13.14 | 9.40 | 15.17 | 90.60 | -1.35 | 0.00 | 0 | 15.26 | -13.59 |
| 2018 (5) | 1.30 | -93.7 | 14.16 | 46.28 | 1.96 | 0 | 4.63 | 1.85 | 22.78 | -93.5 | 21.01 | -92.85 | 7.45 | -93.26 | 5.95 | -92.9 | 0.28 | -3.45 | 27.55 | -92.24 | 20.62 | -28.13 | 8.16 | 0 | 91.84 | -11.72 | 0.00 | 0 | 17.66 | -31.71 |
| 2017 (4) | 20.64 | 10763.16 | 9.68 | -48.18 | -13.93 | 0 | 4.55 | -8.39 | 350.32 | 11021.27 | 293.99 | 10952.26 | 110.48 | 5871.89 | 83.76 | 5447.02 | 0.29 | -43.14 | 355.02 | 3775.76 | 28.69 | -25.5 | -3.96 | 0 | 104.03 | 152.65 | 0.00 | 0 | 25.86 | 46.43 |
| 2016 (3) | 0.19 | -75.64 | 18.68 | -16.27 | 1.75 | -76.29 | 4.96 | 43.67 | 3.15 | -66.38 | 2.66 | -69.25 | 1.85 | -74.93 | 1.51 | -72.45 | 0.51 | -16.39 | 9.16 | -33.67 | 38.51 | 9.37 | 52.94 | -32.42 | 41.18 | 90.05 | 0.00 | 0 | 17.66 | 14.08 |
| 2015 (2) | 0.78 | -21.21 | 22.31 | 9.2 | 7.38 | -4.77 | 3.45 | 5.34 | 9.37 | -9.56 | 8.65 | -16.51 | 7.38 | -26.86 | 5.48 | -22.6 | 0.61 | -7.58 | 13.81 | -4.5 | 35.21 | -16.54 | 78.33 | 3.94 | 21.67 | -16.94 | 0.00 | 0 | 15.48 | 15.87 |
| 2014 (1) | 0.99 | 106.25 | 20.43 | 0 | 7.75 | 0 | 3.28 | -22.32 | 10.36 | 0 | 10.36 | 0 | 10.09 | 0 | 7.08 | 0 | 0.66 | 3.13 | 14.46 | 37.06 | 42.19 | -18.36 | 75.36 | 38.16 | 26.09 | -46.2 | 0.00 | 0 | 13.36 | -5.18 |
