- 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) | -0.37 | 21.28 | -23.33 | -15.68 | 28.11 | -128.57 | -29.15 | 13.81 | -40.21 | -30.86 | 4.55 | -80.26 | -25.85 | 19.75 | -41.33 | -1.84 | 20.0 | -36.3 | -0.87 | 23.01 | -42.62 | 0.04 | 0.0 | 0.0 | 9.34 | 32.11 | -49.78 | 79.79 | 1.67 | -4.5 | 94.38 | -9.39 | -22.27 | 5.62 | 234.83 | 126.22 | 21.44 | 4.03 | 15.58 |
| 24Q2 (19) | -0.47 | 11.32 | 11.32 | -21.81 | 42.45 | -240.78 | -33.82 | 43.88 | -32.37 | -32.33 | 46.32 | 0.4 | -32.21 | 45.75 | -7.83 | -2.30 | 8.37 | 2.13 | -1.13 | 9.6 | 6.61 | 0.04 | 100.0 | 0.0 | 7.07 | 41.4 | 2625.0 | 78.48 | -1.89 | 5.94 | 104.17 | 4.17 | 32.78 | -4.17 | 0 | -119.33 | 20.61 | -34.05 | 14.88 |
| 24Q1 (18) | -0.53 | 13.11 | -15.22 | -37.90 | -203.69 | -519.28 | -60.26 | -130.97 | -93.58 | -60.23 | -29.83 | -80.44 | -59.37 | -41.66 | -135.32 | -2.51 | 9.06 | -33.51 | -1.25 | 9.42 | -37.36 | 0.02 | -50.0 | -50.0 | 5.00 | 175.76 | 313.22 | 79.99 | 5.5 | 5.07 | 100.00 | 78.67 | 7.77 | -0.00 | -100.0 | -100.0 | 31.25 | 68.74 | 40.32 |
| 23Q4 (17) | -0.61 | -103.33 | -335.71 | -12.48 | -81.92 | -248.04 | -26.09 | -25.49 | -618.73 | -46.39 | -170.97 | -462.3 | -41.91 | -129.14 | -583.69 | -2.76 | -104.44 | -367.8 | -1.38 | -126.23 | -590.0 | 0.04 | 0.0 | -20.0 | -6.60 | -135.48 | -134.85 | 75.82 | -9.25 | -10.06 | 55.97 | -53.91 | 26.87 | 43.28 | 301.99 | -22.55 | 18.52 | -0.16 | 14.32 |
| 23Q3 (16) | -0.30 | 43.4 | -1400.0 | -6.86 | -7.19 | -225.41 | -20.79 | 18.63 | -516.91 | -17.12 | 47.26 | -820.43 | -18.29 | 38.77 | -2002.3 | -1.35 | 42.55 | -1400.0 | -0.61 | 49.59 | -971.43 | 0.04 | 0.0 | -33.33 | 18.60 | 6742.86 | -16.1 | 83.55 | 12.78 | 2.82 | 121.43 | 54.79 | -31.7 | -21.43 | -199.43 | 72.45 | 18.55 | 3.4 | 27.93 |
| 23Q2 (15) | -0.53 | -15.22 | -2750.0 | -6.40 | -4.58 | -154.94 | -25.55 | 17.92 | -2556.73 | -32.46 | 2.76 | -5496.55 | -29.87 | -18.39 | -4191.78 | -2.35 | -25.0 | -3457.14 | -1.21 | -32.97 | -964.29 | 0.04 | 0.0 | -20.0 | -0.28 | -123.14 | -101.11 | 74.08 | -2.69 | -10.41 | 78.45 | -15.46 | 139.22 | 21.55 | 241.75 | -93.84 | 17.94 | -19.44 | 15.3 |
| 23Q1 (14) | -0.46 | -228.57 | -202.22 | -6.12 | -172.6 | -126.88 | -31.13 | -757.58 | -312.2 | -33.38 | -304.61 | -291.07 | -25.23 | -311.58 | -278.43 | -1.88 | -218.64 | -200.53 | -0.91 | -355.0 | -181.98 | 0.04 | -20.0 | -42.86 | 1.21 | -93.61 | -96.61 | 76.13 | -9.69 | -13.81 | 92.79 | 110.33 | 11.35 | 6.31 | -88.72 | -59.8 | 22.27 | 37.47 | 67.19 |
| 22Q4 (13) | -0.14 | -600.0 | -143.75 | 8.43 | 54.11 | -58.45 | -3.63 | -7.72 | -128.36 | -8.25 | -343.55 | -171.8 | -6.13 | -604.6 | -166.56 | -0.59 | -555.56 | -144.7 | -0.20 | -385.71 | -124.39 | 0.05 | -16.67 | -37.5 | 18.94 | -14.57 | -32.21 | 84.30 | 3.74 | 3.79 | 44.12 | -75.18 | -60.24 | 55.88 | 171.85 | 609.93 | 16.20 | 11.72 | 33.22 |
| 22Q3 (12) | -0.02 | -200.0 | -104.08 | 5.47 | -53.05 | -80.0 | -3.37 | -424.04 | -116.67 | -1.86 | -220.69 | -110.86 | -0.87 | -219.18 | -106.44 | -0.09 | -228.57 | -104.37 | 0.07 | -50.0 | -94.17 | 0.06 | 20.0 | -25.0 | 22.17 | -12.37 | -31.85 | 81.26 | -1.73 | -3.26 | 177.78 | 188.89 | 50.12 | -77.78 | -122.22 | -322.22 | 14.50 | -6.81 | 18.95 |
| 22Q2 (11) | 0.02 | -95.56 | -95.24 | 11.65 | -48.84 | -56.45 | 1.04 | -92.91 | -94.47 | -0.58 | -103.32 | -103.54 | 0.73 | -94.84 | -94.37 | 0.07 | -96.26 | -96.11 | 0.14 | -87.39 | -86.67 | 0.05 | -28.57 | -28.57 | 25.30 | -29.21 | -24.23 | 82.69 | -6.39 | -6.72 | -200.00 | -340.0 | -275.0 | 350.00 | 2131.25 | 2550.0 | 15.56 | 16.82 | 21.85 |
| 22Q1 (10) | 0.45 | 40.62 | -11.76 | 22.77 | 12.22 | -24.83 | 14.67 | 14.61 | -33.04 | 17.47 | 52.05 | -15.4 | 14.14 | 53.53 | -12.39 | 1.87 | 41.67 | -13.82 | 1.11 | 35.37 | -13.28 | 0.07 | -12.5 | 0.0 | 35.74 | 27.92 | -6.29 | 88.33 | 8.75 | -1.02 | 83.33 | -24.9 | -21.26 | 15.69 | 243.14 | 368.91 | 13.32 | 9.54 | 0.0 |
| 21Q4 (9) | 0.32 | -34.69 | -38.46 | 20.29 | -25.81 | -26.49 | 12.80 | -36.7 | -31.81 | 11.49 | -32.92 | -40.9 | 9.21 | -31.78 | -46.08 | 1.32 | -35.92 | -38.89 | 0.82 | -31.67 | -36.92 | 0.08 | 0.0 | 14.29 | 27.94 | -14.11 | -26.26 | 81.22 | -3.31 | 1.96 | 110.96 | -6.3 | 15.27 | -10.96 | 40.51 | -393.15 | 12.16 | -0.25 | -5.0 |
| 21Q3 (8) | 0.49 | 16.67 | -3.92 | 27.35 | 2.24 | -15.06 | 20.22 | 7.61 | -12.88 | 17.13 | 4.45 | -24.34 | 13.50 | 4.09 | -22.1 | 2.06 | 14.44 | -5.5 | 1.20 | 14.29 | -4.76 | 0.08 | 14.29 | 14.29 | 32.53 | -2.58 | -21.48 | 84.00 | -5.25 | -0.67 | 118.42 | 3.62 | 15.53 | -18.42 | -28.95 | -636.84 | 12.19 | -4.54 | -7.23 |
| 21Q2 (7) | 0.42 | -17.65 | 90.91 | 26.75 | -11.69 | 15.1 | 18.79 | -14.24 | 34.12 | 16.40 | -20.58 | 33.44 | 12.97 | -19.64 | 52.95 | 1.80 | -17.05 | 87.5 | 1.05 | -17.97 | 75.0 | 0.07 | 0.0 | 16.67 | 33.39 | -12.45 | 0.18 | 88.65 | -0.66 | -5.67 | 114.29 | 7.99 | -1.3 | -14.29 | -144.9 | -1.79 | 12.77 | -4.13 | -9.3 |
| 21Q1 (6) | 0.51 | -1.92 | 27.5 | 30.29 | 9.75 | 19.16 | 21.91 | 16.73 | 4.63 | 20.65 | 6.22 | 9.37 | 16.14 | -5.5 | 14.39 | 2.17 | 0.46 | 28.4 | 1.28 | -1.54 | 25.49 | 0.07 | 0.0 | 16.67 | 38.14 | 0.66 | 0.53 | 89.24 | 12.03 | -6.39 | 105.83 | 9.94 | -4.95 | -5.83 | -256.04 | 48.56 | 13.32 | 4.06 | -1.62 |
| 20Q4 (5) | 0.52 | 1.96 | 85.71 | 27.60 | -14.29 | 4.55 | 18.77 | -19.13 | 17.83 | 19.44 | -14.13 | 72.65 | 17.08 | -1.44 | 86.87 | 2.16 | -0.92 | 94.59 | 1.30 | 3.17 | 71.05 | 0.07 | 0.0 | 0.0 | 37.89 | -8.54 | 26.93 | 79.66 | -5.81 | -1.41 | 96.26 | -6.09 | -32.05 | 3.74 | 249.53 | 108.97 | 12.80 | -2.59 | -3.83 |
| 20Q3 (4) | 0.51 | 131.82 | 0.0 | 32.20 | 38.55 | 0.0 | 23.21 | 65.67 | 0.0 | 22.64 | 84.21 | 0.0 | 17.33 | 104.36 | 0.0 | 2.18 | 127.08 | 0.0 | 1.26 | 110.0 | 0.0 | 0.07 | 16.67 | 0.0 | 41.43 | 24.3 | 0.0 | 84.57 | -10.01 | 0.0 | 102.50 | -11.48 | 0.0 | -2.50 | 82.19 | 0.0 | 13.14 | -6.68 | 0.0 |
| 20Q2 (3) | 0.22 | -45.0 | 0.0 | 23.24 | -8.58 | 0.0 | 14.01 | -33.09 | 0.0 | 12.29 | -34.9 | 0.0 | 8.48 | -39.9 | 0.0 | 0.96 | -43.2 | 0.0 | 0.60 | -41.18 | 0.0 | 0.06 | 0.0 | 0.0 | 33.33 | -12.15 | 0.0 | 93.98 | -1.42 | 0.0 | 115.79 | 4.0 | 0.0 | -14.04 | -23.76 | 0.0 | 14.08 | 3.99 | 0.0 |
| 20Q1 (2) | 0.40 | 42.86 | 0.0 | 25.42 | -3.71 | 0.0 | 20.94 | 31.45 | 0.0 | 18.88 | 67.67 | 0.0 | 14.11 | 54.38 | 0.0 | 1.69 | 52.25 | 0.0 | 1.02 | 34.21 | 0.0 | 0.06 | -14.29 | 0.0 | 37.94 | 27.1 | 0.0 | 95.33 | 17.98 | 0.0 | 111.34 | -21.41 | 0.0 | -11.34 | 72.78 | 0.0 | 13.54 | 1.73 | 0.0 |
| 19Q4 (1) | 0.28 | 0.0 | 0.0 | 26.40 | 0.0 | 0.0 | 15.93 | 0.0 | 0.0 | 11.26 | 0.0 | 0.0 | 9.14 | 0.0 | 0.0 | 1.11 | 0.0 | 0.0 | 0.76 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 29.85 | 0.0 | 0.0 | 80.80 | 0.0 | 0.0 | 141.67 | 0.0 | 0.0 | -41.67 | 0.0 | 0.0 | 13.31 | 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) | -1.87 | 0 | -7.79 | 0 | -25.89 | 0 | 31.19 | 48.55 | -31.92 | 0 | -28.44 | 0 | -8.62 | 0 | -4.22 | 0 | 0.17 | -29.17 | 3.52 | -86.66 | 75.82 | -10.06 | 81.25 | -22.88 | 18.99 | 0 | 0.05 | 4.34 | 19.32 | 30.98 |
| 2022 (9) | 0.31 | -82.29 | 12.83 | -50.82 | 3.11 | -83.07 | 20.99 | 40.77 | 2.97 | -81.81 | 2.95 | -77.11 | 1.27 | -82.39 | 1.14 | -74.03 | 0.24 | -22.58 | 26.39 | -19.76 | 84.30 | 3.79 | 105.36 | -6.43 | -5.36 | 0 | 0.05 | -31.67 | 14.75 | 17.16 |
| 2021 (8) | 1.75 | 6.06 | 26.09 | -4.26 | 18.37 | -5.16 | 14.91 | -12.39 | 16.33 | -11.73 | 12.89 | -10.8 | 7.21 | 6.97 | 4.39 | 4.77 | 0.31 | 19.23 | 32.89 | -12.94 | 81.22 | 1.96 | 112.59 | 7.8 | -12.35 | 0 | 0.07 | -2.68 | 12.59 | -5.76 |
| 2020 (7) | 1.65 | -41.07 | 27.25 | -16.92 | 19.37 | -20.52 | 17.02 | 35.12 | 18.50 | -17.45 | 14.45 | -20.6 | 6.74 | -44.02 | 4.19 | -41.32 | 0.26 | -27.78 | 37.78 | 1.78 | 79.66 | -1.41 | 104.45 | -3.99 | -4.71 | 0 | 0.08 | -12.69 | 13.36 | 2.45 |
| 2019 (6) | 2.80 | -13.58 | 32.80 | 2.02 | 24.37 | -0.04 | 12.60 | 24.24 | 22.41 | -5.36 | 18.20 | -4.71 | 12.04 | -16.45 | 7.14 | -12.29 | 0.36 | -12.2 | 37.12 | 5.94 | 80.80 | -7.56 | 108.79 | 5.58 | -8.79 | 0 | 0.09 | 0.4 | 13.04 | -3.69 |
| 2018 (5) | 3.24 | 114.57 | 32.15 | 24.95 | 24.38 | 51.15 | 10.14 | -21.12 | 23.68 | 68.06 | 19.10 | 65.8 | 14.41 | 101.26 | 8.14 | 80.89 | 0.41 | 20.59 | 35.04 | 21.67 | 87.41 | 4.86 | 103.04 | -10.12 | -3.04 | 0 | 0.09 | 0 | 13.54 | -13.7 |
| 2017 (4) | 1.51 | -28.44 | 25.73 | -12.27 | 16.13 | -21.28 | 12.86 | 9.25 | 14.09 | -23.38 | 11.52 | -23.81 | 7.16 | -29.74 | 4.50 | -25.5 | 0.34 | -5.56 | 28.80 | -10.84 | 83.36 | 8.19 | 114.63 | 2.94 | -14.29 | 0 | 0.00 | 0 | 15.69 | 3.43 |
| 2016 (3) | 2.11 | 50.71 | 29.33 | 14.12 | 20.49 | 85.77 | 11.77 | -15.45 | 18.39 | 29.96 | 15.12 | 20.77 | 10.19 | 33.03 | 6.04 | 31.3 | 0.36 | 12.5 | 32.30 | 5.31 | 77.05 | -24.68 | 111.36 | 43.36 | -11.36 | 0 | 0.00 | 0 | 15.17 | -8.12 |
| 2015 (2) | 1.40 | 164.15 | 25.70 | 4.64 | 11.03 | 21.88 | 13.92 | -18.82 | 14.15 | 109.01 | 12.52 | 110.77 | 7.66 | 155.33 | 4.60 | 79.69 | 0.32 | 14.29 | 30.67 | 9.38 | 102.30 | 20.48 | 77.67 | -41.93 | 21.86 | 0 | 0.00 | 0 | 16.51 | -14.81 |
| 2014 (1) | 0.53 | 0 | 24.56 | 0 | 9.05 | 0 | 17.15 | 0 | 6.77 | 0 | 5.94 | 0 | 3.00 | 0 | 2.56 | 0 | 0.28 | 0 | 28.04 | 0 | 84.91 | 5.19 | 133.75 | 0 | -33.75 | 0 | 0.00 | 0 | 19.38 | 0 |
