- 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) | 0.03 | 142.86 | -93.33 | 14.66 | 0.62 | 32.55 | -16.58 | -131.24 | -3028.3 | -0.80 | 87.24 | -103.04 | 5.95 | 167.92 | -75.35 | 0.20 | 150.0 | -92.73 | 0.21 | 170.0 | -90.5 | 0.03 | -25.0 | -66.67 | 2.38 | 167.81 | -91.25 | 15.37 | -6.51 | -41.78 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.07 | -122.58 | -275.0 | 14.57 | -39.24 | 58.89 | -7.17 | 20.51 | -763.86 | -6.27 | -109.08 | -650.0 | -8.76 | -114.91 | -529.41 | -0.40 | -121.98 | -266.67 | -0.30 | -119.23 | -220.0 | 0.04 | 33.33 | -55.56 | -3.51 | -104.94 | -258.11 | 16.44 | -20.96 | -44.89 | 100.00 | 966.67 | 300.0 | -25.00 | -122.41 | -116.67 | 12.06 | -17.79 | 165.64 |
| 24Q1 (18) | 0.31 | 55.0 | 933.33 | 23.98 | 91.08 | 171.57 | -9.02 | -750.94 | -2300.0 | 69.03 | 424.15 | 2706.1 | 58.76 | 178.35 | 4252.59 | 1.82 | 54.24 | 810.0 | 1.56 | 51.46 | 609.09 | 0.03 | -40.0 | -75.0 | 71.05 | 339.12 | 1971.43 | 20.80 | 4.0 | -19.72 | -11.54 | -3.85 | -146.15 | 111.54 | 0.38 | 11.54 | 14.67 | 90.77 | 416.55 |
| 23Q4 (17) | 0.20 | -55.56 | -42.86 | 12.55 | 13.47 | 20.21 | -1.06 | -100.0 | -237.66 | 13.17 | -49.92 | -0.68 | 21.11 | -12.55 | 42.83 | 1.18 | -57.09 | -47.09 | 1.03 | -53.39 | -46.35 | 0.05 | -44.44 | -61.54 | 16.18 | -40.54 | 16.65 | 20.00 | -24.24 | -22.39 | -11.11 | -300.0 | -355.56 | 111.11 | 11.11 | 16.16 | 7.69 | 50.49 | 80.09 |
| 23Q3 (16) | 0.45 | 1025.0 | -29.69 | 11.06 | 20.61 | -5.55 | -0.53 | 36.14 | -134.87 | 26.30 | 2207.02 | -15.49 | 24.14 | 1083.33 | -18.42 | 2.75 | 1045.83 | -33.73 | 2.21 | 784.0 | -39.45 | 0.09 | 0.0 | -25.0 | 27.21 | 1125.68 | -13.37 | 26.40 | -11.5 | 118.18 | -2.78 | 94.44 | -168.06 | 100.00 | -33.33 | 6.52 | 5.11 | 12.56 | 98.06 |
| 23Q2 (15) | 0.04 | 33.33 | -76.47 | 9.17 | 3.85 | 54.38 | -0.83 | -302.44 | 59.31 | 1.14 | -53.66 | -75.27 | 2.04 | 51.11 | -56.03 | 0.24 | 20.0 | -79.31 | 0.25 | 13.64 | -75.0 | 0.09 | -25.0 | -57.14 | 2.22 | -35.28 | -53.56 | 29.83 | 15.13 | 84.93 | -50.00 | -300.0 | -8.33 | 150.00 | 50.0 | 8.33 | 4.54 | 59.86 | 50.83 |
| 23Q1 (14) | 0.03 | -91.43 | -93.62 | 8.83 | -15.42 | 91.54 | 0.41 | -46.75 | -72.11 | 2.46 | -81.45 | -72.42 | 1.35 | -90.87 | -82.95 | 0.20 | -91.03 | -93.71 | 0.22 | -88.54 | -91.27 | 0.12 | -7.69 | -61.29 | 3.43 | -75.27 | -62.27 | 25.91 | 0.54 | 15.1 | 25.00 | 475.0 | 58.33 | 100.00 | 4.55 | 18.75 | 2.84 | -33.49 | 86.84 |
| 22Q4 (13) | 0.35 | -45.31 | -49.28 | 10.44 | -10.85 | 89.82 | 0.77 | -49.34 | 129.06 | 13.26 | -57.39 | -48.2 | 14.78 | -50.05 | -39.89 | 2.23 | -46.27 | -54.58 | 1.92 | -47.4 | -48.94 | 0.13 | 8.33 | -13.33 | 13.87 | -55.84 | -45.59 | 25.77 | 112.98 | -25.39 | 4.35 | 6.52 | 145.22 | 95.65 | 1.89 | -14.24 | 4.27 | 65.5 | 62.36 |
| 22Q3 (12) | 0.64 | 276.47 | 220.0 | 11.71 | 97.14 | -16.18 | 1.52 | 174.51 | -44.93 | 31.12 | 575.05 | 233.55 | 29.59 | 537.72 | 214.79 | 4.15 | 257.76 | 178.52 | 3.65 | 265.0 | 189.68 | 0.12 | -42.86 | 0.0 | 31.41 | 557.11 | 208.24 | 12.10 | -24.98 | -48.58 | 4.08 | 108.84 | -84.69 | 93.88 | -32.2 | 40.82 | 2.58 | -14.29 | -37.23 |
| 22Q2 (11) | 0.17 | -63.83 | 230.77 | 5.94 | 28.85 | -13.28 | -2.04 | -238.78 | -973.68 | 4.61 | -48.32 | 9120.0 | 4.64 | -41.41 | 245.45 | 1.16 | -63.52 | 219.59 | 1.00 | -60.32 | 247.06 | 0.21 | -32.26 | -8.7 | 4.78 | -47.41 | 624.24 | 16.13 | -28.34 | -47.51 | -46.15 | -392.31 | 0 | 138.46 | 64.42 | 0 | 3.01 | 98.03 | 28.09 |
| 22Q1 (10) | 0.47 | -31.88 | 20.51 | 4.61 | -16.18 | -40.28 | 1.47 | 155.47 | -21.81 | 8.92 | -65.16 | 28.9 | 7.92 | -67.79 | 16.13 | 3.18 | -35.23 | 10.8 | 2.52 | -32.98 | 15.07 | 0.31 | 106.67 | 0.0 | 9.09 | -64.34 | 22.01 | 22.51 | -34.83 | -26.17 | 15.79 | 264.21 | -42.76 | 84.21 | -24.5 | 16.29 | 1.52 | -42.21 | -25.49 |
| 21Q4 (9) | 0.69 | 245.0 | 1.47 | 5.50 | -60.63 | -75.58 | -2.65 | -196.01 | 42.64 | 25.60 | 174.38 | 2.69 | 24.59 | 161.6 | 1.15 | 4.91 | 229.53 | -4.66 | 3.76 | 198.41 | 3.01 | 0.15 | 25.0 | 0.0 | 25.49 | 150.15 | -1.47 | 34.54 | 46.79 | -21.12 | -9.62 | -136.06 | 46.58 | 111.54 | 67.31 | -7.05 | 2.63 | -36.01 | -54.42 |
| 21Q3 (8) | 0.20 | 253.85 | 350.0 | 13.97 | 103.94 | 110.39 | 2.76 | 1552.63 | 184.92 | 9.33 | 18560.0 | 423.96 | 9.40 | 394.67 | 467.19 | 1.49 | 253.61 | 340.32 | 1.26 | 285.29 | 440.54 | 0.12 | -47.83 | -29.41 | 10.19 | 1443.94 | 682.29 | 23.53 | -23.43 | -42.86 | 26.67 | 0 | -73.33 | 66.67 | 0 | 566.67 | 4.11 | 74.89 | 9.02 |
| 21Q2 (7) | -0.13 | -133.33 | -360.0 | 6.85 | -11.27 | 17.29 | -0.19 | -110.11 | 95.7 | 0.05 | -99.28 | -97.66 | -3.19 | -146.77 | -329.5 | -0.97 | -133.8 | -377.14 | -0.68 | -131.05 | -306.06 | 0.23 | -25.81 | 27.78 | 0.66 | -91.14 | -80.36 | 30.73 | 0.79 | -21.29 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 2.35 | 15.2 | 0 |
| 21Q1 (6) | 0.39 | -42.65 | 1075.0 | 7.72 | -65.72 | 195.79 | 1.88 | 140.69 | 146.65 | 6.92 | -72.24 | 813.4 | 6.82 | -71.95 | 803.09 | 2.87 | -44.27 | 1056.67 | 2.19 | -40.0 | 2090.91 | 0.31 | 106.67 | 47.62 | 7.45 | -71.2 | 0 | 30.49 | -30.37 | -24.64 | 27.59 | 253.26 | -93.1 | 72.41 | -39.66 | 124.14 | 2.04 | -64.64 | 0 |
| 20Q4 (5) | 0.68 | 950.0 | 195.65 | 22.52 | 239.16 | 165.25 | -4.62 | -42.15 | -371.76 | 24.93 | 965.62 | 429.3 | 24.31 | 1049.61 | 427.33 | 5.15 | 930.65 | 192.61 | 3.65 | 1086.49 | 185.16 | 0.15 | -11.76 | -44.44 | 25.87 | 1578.29 | 395.59 | 43.79 | 6.34 | -1.99 | -18.00 | -118.0 | -151.0 | 120.00 | 940.0 | 85.45 | 5.77 | 53.05 | 0 |
| 20Q3 (4) | -0.08 | -260.0 | 0.0 | 6.64 | 13.7 | 0.0 | -3.25 | 26.47 | 0.0 | -2.88 | -234.58 | 0.0 | -2.56 | -284.17 | 0.0 | -0.62 | -277.14 | 0.0 | -0.37 | -212.12 | 0.0 | 0.17 | -5.56 | 0.0 | -1.75 | -152.08 | 0.0 | 41.18 | 5.48 | 0.0 | 100.00 | 145.45 | 0.0 | -14.29 | -104.46 | 0.0 | 3.77 | 0 | 0.0 |
| 20Q2 (3) | 0.05 | 225.0 | 0.0 | 5.84 | 123.75 | 0.0 | -4.42 | -9.68 | 0.0 | 2.14 | 320.62 | 0.0 | 1.39 | 243.3 | 0.0 | 0.35 | 216.67 | 0.0 | 0.33 | 400.0 | 0.0 | 0.18 | -14.29 | 0.0 | 3.36 | 0 | 0.0 | 39.04 | -3.51 | 0.0 | -220.00 | -155.0 | 0.0 | 320.00 | 206.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.04 | -117.39 | 0.0 | 2.61 | -69.26 | 0.0 | -4.03 | -337.06 | 0.0 | -0.97 | -120.59 | 0.0 | -0.97 | -121.04 | 0.0 | -0.30 | -117.05 | 0.0 | -0.11 | -108.59 | 0.0 | 0.21 | -22.22 | 0.0 | 0.00 | -100.0 | 0.0 | 40.46 | -9.44 | 0.0 | 400.00 | 1033.33 | 0.0 | -300.00 | -563.64 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.23 | 0.0 | 0.0 | 8.49 | 0.0 | 0.0 | 1.70 | 0.0 | 0.0 | 4.71 | 0.0 | 0.0 | 4.61 | 0.0 | 0.0 | 1.76 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 0.27 | 0.0 | 0.0 | 5.22 | 0.0 | 0.0 | 44.68 | 0.0 | 0.0 | 35.29 | 0.0 | 0.0 | 64.71 | 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) | 0.72 | -56.1 | 10.00 | 42.45 | -0.36 | 0 | 0.19 | 0.49 | 9.82 | -17.34 | 10.15 | -11.74 | 4.41 | -58.94 | 3.86 | -54.1 | 0.35 | -51.39 | 11.11 | -9.08 | 20.00 | -22.39 | -4.00 | 0 | 104.00 | 7.53 | 0.00 | 0 | 4.52 | 77.95 |
| 2022 (9) | 1.64 | 42.61 | 7.02 | -11.81 | 0.44 | -22.81 | 0.19 | 4.75 | 11.88 | 34.09 | 11.50 | 48.77 | 10.74 | 29.4 | 8.41 | 36.53 | 0.72 | -6.49 | 12.22 | 30.7 | 25.77 | -25.39 | 3.28 | -47.54 | 96.72 | 3.17 | 0.00 | 0 | 2.54 | 0.0 |
| 2021 (8) | 1.15 | 91.67 | 7.96 | -6.9 | 0.57 | 0 | 0.19 | -64.48 | 8.86 | 84.97 | 7.73 | 69.89 | 8.30 | 82.82 | 6.16 | 80.12 | 0.77 | 11.59 | 9.35 | 60.1 | 34.54 | -21.12 | 6.25 | 0 | 93.75 | -49.26 | 0.00 | 0 | 2.54 | -40.65 |
| 2020 (7) | 0.60 | -41.75 | 8.55 | -39.49 | -4.06 | 0 | 0.52 | -3.37 | 4.79 | -32.63 | 4.55 | -31.99 | 4.54 | -43.39 | 3.42 | -40.52 | 0.69 | -15.85 | 5.84 | -27.0 | 43.79 | -1.99 | -84.78 | 0 | 184.78 | 108.54 | 0.00 | 0 | 4.28 | 10.59 |
| 2019 (6) | 1.03 | 0 | 14.13 | 19.24 | 0.83 | 0 | 0.54 | -20.86 | 7.11 | 0 | 6.69 | 0 | 8.02 | 0 | 5.75 | 0 | 0.82 | 203.7 | 8.00 | 0 | 44.68 | -2.53 | 11.39 | -18.9 | 88.61 | 3.09 | 0.00 | 0 | 3.87 | -62.61 |
| 2018 (5) | -2.40 | 0 | 11.85 | -36.9 | -17.34 | 0 | 0.68 | 18.64 | -123.11 | 0 | -122.85 | 0 | -45.24 | 0 | -33.05 | 0 | 0.27 | 22.73 | -121.59 | 0 | 45.84 | 52.04 | 14.05 | 108.93 | 85.95 | -7.85 | 0.00 | 0 | 10.35 | 19.52 |
| 2017 (4) | -3.11 | 0 | 18.78 | 51.57 | -8.99 | 0 | 0.57 | 56.13 | -133.84 | 0 | -133.92 | 0 | -37.26 | 0 | -28.82 | 0 | 0.22 | -8.33 | -132.38 | 0 | 30.15 | 9.56 | 6.72 | -37.24 | 93.28 | 4.47 | 0.00 | 0 | 8.66 | 22.32 |
| 2016 (3) | -4.09 | 0 | 12.39 | -16.28 | -11.79 | 0 | 0.37 | -5.49 | -109.98 | 0 | -111.69 | 0 | -35.27 | 0 | -26.65 | 0 | 0.24 | -4.0 | -108.83 | 0 | 27.52 | -21.15 | 10.71 | 0 | 89.29 | -30.29 | 0.00 | 0 | 7.08 | 25.09 |
| 2015 (2) | 0.36 | -29.41 | 14.80 | -18.5 | -2.47 | 0 | 0.39 | 135.05 | 8.67 | -9.88 | 6.93 | -17.2 | 2.54 | -34.7 | 2.17 | -29.08 | 0.25 | -16.67 | 10.91 | -8.55 | 34.90 | -34.85 | -28.09 | 0 | 128.09 | 85.73 | 0.00 | 0 | 5.66 | 23.85 |
| 2014 (1) | 0.51 | 0 | 18.16 | 0 | 2.99 | 0 | 0.17 | -58.96 | 9.62 | 0 | 8.37 | 0 | 3.89 | 0 | 3.06 | 0 | 0.30 | 30.43 | 11.93 | 168.69 | 53.57 | -1.78 | 31.03 | 241.38 | 68.97 | -24.14 | 0.00 | 0 | 4.57 | -33.48 |
