- 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) | -0.08 | 75.0 | -100.0 | 19.00 | 2.54 | 6.74 | -8.59 | -0.35 | 62.93 | -17.72 | 87.67 | 23.92 | -17.73 | 87.65 | 23.28 | -0.67 | 85.89 | 11.84 | -0.36 | 89.53 | 0.0 | 0.03 | 50.0 | 50.0 | -7.18 | 94.62 | -22.11 | 61.47 | 71.18 | -2.57 | 48.65 | 720.54 | -49.55 | 51.35 | -45.41 | 0 | 17.25 | 34.35 | -39.83 |
| 24Q2 (19) | -0.32 | -154.24 | -3300.0 | 18.53 | -4.97 | 64.71 | -8.56 | 64.0 | 69.12 | -143.72 | -138.96 | -1839.95 | -143.59 | -138.91 | -1801.3 | -4.75 | -139.0 | -1926.92 | -3.44 | -140.9 | -1328.57 | 0.02 | 0.0 | 0.0 | -133.52 | -134.99 | -562.81 | 35.91 | 0.42 | -45.33 | 5.93 | 192.39 | 101.84 | 94.07 | -11.6 | -77.12 | 12.84 | -63.8 | -53.04 |
| 24Q1 (18) | 0.59 | 637.5 | 555.56 | 19.50 | 36.94 | -11.0 | -23.78 | 23.46 | -1206.59 | 368.93 | 593.35 | 2146.83 | 369.07 | 628.24 | 2165.62 | 12.18 | 629.34 | 1422.5 | 8.41 | 631.3 | 1350.0 | 0.02 | 0.0 | -33.33 | 381.58 | 440.25 | 1293.64 | 35.76 | -40.93 | -43.2 | -6.42 | 88.98 | 40.11 | 106.42 | -33.36 | -3.88 | 35.47 | -11.46 | 93.93 |
| 23Q4 (17) | 0.08 | 300.0 | 214.29 | 14.24 | -20.0 | -21.97 | -31.07 | -34.1 | -151.17 | 53.21 | 328.47 | 299.59 | 50.68 | 319.3 | 310.64 | 1.67 | 319.74 | 229.46 | 1.15 | 419.44 | 279.69 | 0.02 | 0.0 | -33.33 | 70.63 | 1301.19 | 528.58 | 60.54 | -4.04 | -21.47 | -58.21 | -160.36 | -224.01 | 159.70 | 0 | 200.98 | 40.06 | 39.73 | 72.82 |
| 23Q3 (16) | -0.04 | -500.0 | 55.56 | 17.80 | 58.22 | 27.42 | -23.17 | 16.41 | -680.13 | -23.29 | -381.96 | -58.11 | -23.11 | -373.82 | -57.0 | -0.76 | -392.31 | 13.64 | -0.36 | -228.57 | 20.0 | 0.02 | 0.0 | -50.0 | -5.88 | -120.38 | 5.92 | 63.09 | -3.96 | -3.31 | 96.43 | 129.93 | 398.21 | -0.00 | -100.0 | -100.0 | 28.67 | 4.86 | 92.67 |
| 23Q2 (15) | 0.01 | -88.89 | 103.85 | 11.25 | -48.65 | -12.45 | -27.72 | -1423.08 | -1258.82 | 8.26 | -49.7 | 113.53 | 8.44 | -48.19 | 113.82 | 0.26 | -67.5 | 106.5 | 0.28 | -51.72 | 110.45 | 0.02 | -33.33 | -50.0 | 28.85 | 5.37 | 152.67 | 65.69 | 4.34 | 16.93 | -322.22 | -2907.41 | -9573.33 | 411.11 | 271.33 | 325.59 | 27.34 | 49.48 | 135.89 |
| 23Q1 (14) | 0.09 | 228.57 | 200.0 | 21.91 | 20.05 | 53.75 | -1.82 | 85.29 | 42.22 | 16.42 | 161.59 | -35.96 | 16.29 | 167.71 | -34.37 | 0.80 | 162.02 | -51.81 | 0.58 | 190.62 | -53.97 | 0.03 | 0.0 | -40.0 | 27.38 | 266.14 | -11.71 | 62.96 | -18.33 | 71.74 | -10.71 | -122.83 | 11.61 | 110.71 | 108.65 | -1.25 | 18.29 | -21.1 | 27.72 |
| 22Q4 (13) | -0.07 | 22.22 | 0 | 18.25 | 30.64 | 69.14 | -12.37 | -316.5 | 13.56 | -26.66 | -80.99 | -204.18 | -24.06 | -63.45 | -181.64 | -1.29 | -46.59 | -184.31 | -0.64 | -42.22 | -153.78 | 0.03 | -25.0 | -25.0 | -16.48 | -163.68 | -149.44 | 77.09 | 18.15 | 121.4 | 46.94 | 142.52 | 185.19 | 53.06 | -31.46 | -66.23 | 23.18 | 55.78 | 5.46 |
| 22Q3 (12) | -0.09 | 65.38 | -133.33 | 13.97 | 8.72 | 0.36 | -2.97 | -45.59 | -66.85 | -14.73 | 75.88 | -133.17 | -14.72 | 75.9 | -135.97 | -0.88 | 78.0 | -121.2 | -0.45 | 83.21 | -114.52 | 0.04 | 0.0 | -42.86 | -6.25 | 88.59 | -112.76 | 65.25 | 16.14 | 117.36 | 19.35 | 469.03 | 641.94 | 77.42 | -19.85 | -25.25 | 14.88 | 28.39 | 19.81 |
| 22Q2 (11) | -0.26 | -966.67 | -1400.0 | 12.85 | -9.82 | -13.99 | -2.04 | 35.24 | -178.46 | -61.06 | -338.14 | -2183.96 | -61.08 | -346.09 | -3610.34 | -4.00 | -340.96 | -2205.26 | -2.68 | -312.7 | -1588.89 | 0.04 | -20.0 | -42.86 | -54.77 | -276.62 | -994.93 | 56.18 | 53.25 | 12.72 | 3.40 | 128.06 | -96.6 | 96.60 | -13.84 | 0 | 11.59 | -19.06 | 22.0 |
| 22Q1 (10) | 0.03 | 0 | 250.0 | 14.25 | 32.07 | -23.96 | -3.15 | 77.99 | -188.73 | 25.64 | 0.2 | 1608.24 | 24.82 | -15.78 | 1193.39 | 1.66 | 8.5 | 973.68 | 1.26 | 5.88 | 1900.0 | 0.05 | 25.0 | -16.67 | 31.01 | -6.96 | 1097.3 | 36.66 | 5.28 | -37.16 | -12.12 | 78.0 | 93.94 | 112.12 | -28.65 | -62.63 | 14.32 | -34.85 | 12.05 |
| 21Q4 (9) | 0.00 | -100.0 | -100.0 | 10.79 | -22.49 | -46.95 | -14.31 | -703.93 | -53.21 | 25.59 | -42.38 | 353.87 | 29.47 | -27.98 | 386.3 | 1.53 | -63.13 | 363.64 | 1.19 | -61.61 | 466.67 | 0.04 | -42.86 | 0.0 | 33.33 | -31.98 | 606.53 | 34.82 | 15.99 | -30.18 | -55.10 | -1442.86 | -162.97 | 157.14 | 51.72 | 1157.14 | 21.98 | 76.97 | 6.54 |
| 21Q3 (8) | 0.27 | 1250.0 | 0 | 13.92 | -6.83 | -11.45 | -1.78 | -168.46 | 87.54 | 44.41 | 1415.7 | 2184.98 | 40.92 | 2251.72 | 19585.71 | 4.15 | 2084.21 | 41600.0 | 3.10 | 1622.22 | 5066.67 | 0.07 | 0.0 | 75.0 | 49.00 | 700.65 | 1189.47 | 30.02 | -39.77 | -29.7 | -3.57 | -103.57 | -100.65 | 103.57 | 0 | 120.71 | 12.42 | 30.74 | -28.7 |
| 21Q2 (7) | 0.02 | 200.0 | 115.38 | 14.94 | -20.28 | 3.61 | 2.60 | -26.76 | 103.13 | 2.93 | 272.35 | 105.3 | 1.74 | 176.65 | 103.75 | 0.19 | 200.0 | 119.0 | 0.18 | 357.14 | 128.12 | 0.07 | 16.67 | 250.0 | 6.12 | 136.29 | 119.04 | 49.84 | -14.57 | 32.03 | 100.00 | 150.0 | -30.43 | 0.00 | -100.0 | 100.0 | 9.50 | -25.67 | 0 |
| 21Q1 (6) | -0.02 | -150.0 | -102.94 | 18.74 | -7.87 | -39.78 | 3.55 | 138.01 | -68.3 | -1.70 | 83.13 | -119.27 | -2.27 | -137.46 | -105.02 | -0.19 | -157.58 | -176.0 | -0.07 | -133.33 | -126.92 | 0.06 | 50.0 | -25.0 | 2.59 | 139.36 | -77.56 | 58.34 | 16.98 | 36.4 | -200.00 | -328.57 | -264.71 | 300.00 | 2300.0 | 1150.0 | 12.78 | -38.05 | 0 |
| 20Q4 (5) | 0.04 | 0 | -85.19 | 20.34 | 29.39 | 1.6 | -9.34 | 34.59 | -189.81 | -10.08 | -373.24 | -226.16 | 6.06 | 2985.71 | -16.87 | 0.33 | 3400.0 | -82.99 | 0.21 | 250.0 | -85.11 | 0.04 | 0.0 | -78.95 | -6.58 | -273.16 | -166.13 | 49.87 | 16.79 | 2.38 | 87.50 | -84.09 | -32.19 | 12.50 | 102.5 | 143.06 | 20.63 | 18.43 | 116.47 |
| 20Q3 (4) | 0.00 | 100.0 | 0.0 | 15.72 | 9.02 | 0.0 | -14.28 | 82.79 | 0.0 | -2.13 | 96.14 | 0.0 | -0.21 | 99.55 | 0.0 | -0.01 | 99.0 | 0.0 | 0.06 | 109.38 | 0.0 | 0.04 | 100.0 | 0.0 | 3.80 | 111.82 | 0.0 | 42.70 | 13.11 | 0.0 | 550.00 | 282.61 | 0.0 | -500.00 | -900.0 | 0.0 | 17.42 | 0 | 0.0 |
| 20Q2 (3) | -0.13 | -119.12 | 0.0 | 14.42 | -53.66 | 0.0 | -82.98 | -840.89 | 0.0 | -55.24 | -726.3 | 0.0 | -46.39 | -202.59 | 0.0 | -1.00 | -500.0 | 0.0 | -0.64 | -346.15 | 0.0 | 0.02 | -75.0 | 0.0 | -32.14 | -378.51 | 0.0 | 37.75 | -11.74 | 0.0 | 143.75 | 18.38 | 0.0 | -50.00 | -75.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.68 | 151.85 | 0.0 | 31.12 | 55.44 | 0.0 | 11.20 | 7.69 | 0.0 | 8.82 | 10.39 | 0.0 | 45.22 | 520.3 | 0.0 | 0.25 | -87.11 | 0.0 | 0.26 | -81.56 | 0.0 | 0.08 | -57.89 | 0.0 | 11.54 | 15.98 | 0.0 | 42.77 | -12.19 | 0.0 | 121.43 | -5.89 | 0.0 | -28.57 | 1.59 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.27 | 0.0 | 0.0 | 20.02 | 0.0 | 0.0 | 10.40 | 0.0 | 0.0 | 7.99 | 0.0 | 0.0 | 7.29 | 0.0 | 0.0 | 1.94 | 0.0 | 0.0 | 1.41 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 9.95 | 0.0 | 0.0 | 48.71 | 0.0 | 0.0 | 129.03 | 0.0 | 0.0 | -29.03 | 0.0 | 0.0 | 9.53 | 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) | 0.14 | 0 | 16.95 | 15.94 | -19.09 | 0 | 9.09 | 87.95 | 14.67 | 0 | 14.08 | 0 | 1.99 | 0 | 1.62 | 0 | 0.08 | -50.0 | 30.56 | 0 | 60.54 | -21.47 | -130.26 | 0 | 228.95 | 207.83 | 0.60 | -16.18 | 27.82 | 79.14 |
| 2022 (9) | -0.38 | 0 | 14.62 | 3.91 | -4.70 | 0 | 4.84 | 21.96 | -18.05 | 0 | -17.76 | 0 | -4.36 | 0 | -2.51 | 0 | 0.16 | -15.79 | -10.80 | 0 | 77.09 | 121.4 | 26.25 | 0 | 74.38 | -35.17 | 0.72 | 44.11 | 15.53 | 7.33 |
| 2021 (8) | 0.28 | -48.15 | 14.07 | -40.66 | -3.40 | 0 | 3.97 | -3.97 | 23.10 | 0 | 22.57 | 23.94 | 6.06 | 0 | 4.52 | 0 | 0.19 | 11.76 | 28.05 | 1261.65 | 34.82 | -30.18 | -14.72 | 0 | 114.72 | 0 | 0.50 | 0 | 14.47 | -34.7 |
| 2020 (7) | 0.54 | -46.53 | 23.71 | 32.98 | -7.18 | 0 | 4.13 | 129.68 | -3.30 | 0 | 18.21 | 26.63 | -0.41 | 0 | -0.07 | 0 | 0.17 | -54.05 | 2.06 | -82.48 | 49.87 | 2.38 | 218.18 | 441.09 | -118.18 | 0 | 0.00 | 0 | 22.16 | 82.09 |
| 2019 (6) | 1.01 | 3.06 | 17.83 | 35.28 | 3.42 | 0 | 1.80 | -17.44 | 8.63 | -46.13 | 14.38 | -10.85 | 3.65 | -45.6 | 2.84 | -46.82 | 0.37 | 15.62 | 11.76 | -37.68 | 48.71 | -2.23 | 40.32 | 0 | 61.29 | -53.5 | 0.00 | 0 | 12.17 | -12.0 |
| 2018 (5) | 0.98 | 0 | 13.18 | -10.34 | -5.06 | 0 | 2.18 | 30.91 | 16.02 | 31940.0 | 16.13 | 0 | 6.71 | 0 | 5.34 | 0 | 0.32 | -20.0 | 18.87 | 829.56 | 49.82 | 370.89 | -31.82 | 0 | 131.82 | 0 | 0.00 | 0 | 13.83 | 27.35 |
| 2017 (4) | -0.10 | 0 | 14.70 | -30.92 | 0.08 | -97.58 | 1.66 | -1.43 | 0.05 | -99.28 | -1.45 | 0 | -0.66 | 0 | -0.49 | 0 | 0.40 | 2.56 | 2.03 | -79.54 | 10.58 | -50.54 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 10.86 | -16.65 |
| 2016 (3) | 0.46 | 70.37 | 21.28 | 35.46 | 3.31 | 1.53 | 1.69 | 32.96 | 6.97 | 136.27 | 6.36 | 175.32 | 3.19 | 64.43 | 2.86 | 54.59 | 0.39 | -32.76 | 9.92 | 90.04 | 21.39 | -42.25 | 48.48 | -55.73 | 51.52 | 0 | 0.00 | 0 | 13.03 | 60.27 |
| 2015 (2) | 0.27 | -6.9 | 15.71 | 7.9 | 3.26 | 120.27 | 1.27 | -4.09 | 2.95 | -7.52 | 2.31 | 7.94 | 1.94 | -3.48 | 1.85 | 12.12 | 0.58 | 0.0 | 5.22 | -4.04 | 37.04 | -33.24 | 109.52 | 140.95 | -9.52 | 0 | 0.00 | 0 | 8.13 | -1.57 |
| 2014 (1) | 0.29 | -65.88 | 14.56 | 0 | 1.48 | 0 | 1.32 | -8.9 | 3.19 | 0 | 2.14 | 0 | 2.01 | 0 | 1.65 | 0 | 0.58 | -27.5 | 5.44 | -34.85 | 55.48 | -22.64 | 45.45 | -52.61 | 54.55 | 1236.36 | 0.00 | 0 | 8.26 | 25.34 |
