- 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) | -0.33 | -320.0 | -175.0 | 43.08 | -2.25 | -13.53 | -4.45 | -888.89 | -173.68 | -8.50 | -508.65 | -189.47 | -8.39 | -438.31 | -196.88 | -1.56 | -364.41 | -173.93 | -0.76 | -265.22 | -161.79 | 0.11 | -15.38 | -8.33 | -2.14 | -130.79 | -114.58 | 78.91 | 7.29 | -12.64 | 50.00 | 400.0 | -22.22 | 45.00 | -66.25 | 26.0 | 35.19 | 21.34 | 25.37 |
| 24Q2 (19) | 0.15 | 207.14 | -71.7 | 44.07 | 2.75 | 6.14 | -0.45 | 95.32 | -108.33 | 2.08 | 164.2 | -78.08 | 2.48 | 161.39 | -72.78 | 0.59 | 172.84 | -77.9 | 0.46 | 239.39 | -67.61 | 0.13 | 18.18 | -7.14 | 6.95 | 193.25 | -51.5 | 73.55 | -8.54 | -26.74 | -16.67 | -105.56 | -129.41 | 133.33 | 166.67 | 207.69 | 29.00 | -13.61 | 10.9 |
| 24Q1 (18) | -0.14 | -125.93 | 89.15 | 42.89 | -8.02 | 6.72 | -9.62 | -171.79 | 84.28 | -3.24 | -141.59 | 95.24 | -4.04 | -154.89 | 94.07 | -0.81 | -132.14 | 87.42 | -0.33 | -121.85 | 88.42 | 0.11 | -42.11 | 175.0 | 2.37 | -78.57 | 104.06 | 80.42 | 6.4 | -39.24 | 300.00 | 73.68 | 230.51 | -200.00 | -175.0 | -1957.14 | 33.57 | 54.49 | -52.21 |
| 23Q4 (17) | 0.54 | 22.73 | 357.14 | 46.63 | -6.4 | 0.84 | 13.40 | 121.85 | 42.71 | 7.79 | -18.0 | 619.33 | 7.36 | -15.01 | 353.79 | 2.52 | 19.43 | 370.97 | 1.51 | 22.76 | 571.88 | 0.19 | 58.33 | 26.67 | 11.06 | -24.66 | 1089.25 | 75.58 | -16.33 | -24.21 | 172.73 | 168.69 | 128.79 | -72.73 | -303.64 | -110.39 | 21.73 | -22.59 | -6.7 |
| 23Q3 (16) | 0.44 | -16.98 | -45.0 | 49.82 | 19.99 | 15.94 | 6.04 | 11.85 | 191.65 | 9.50 | 0.11 | -59.57 | 8.66 | -4.94 | -52.44 | 2.11 | -20.97 | -46.17 | 1.23 | -13.38 | -29.31 | 0.12 | -14.29 | 33.33 | 14.68 | 2.44 | -46.72 | 90.33 | -10.02 | -35.08 | 64.29 | 13.45 | 327.47 | 35.71 | -17.58 | -72.15 | 28.07 | 7.34 | -15.86 |
| 23Q2 (15) | 0.53 | 141.09 | -19.7 | 41.52 | 3.31 | -1.98 | 5.40 | 108.82 | 440.0 | 9.49 | 113.93 | -45.33 | 9.11 | 113.37 | -34.41 | 2.67 | 141.46 | -21.93 | 1.42 | 149.82 | -5.96 | 0.14 | 250.0 | 40.0 | 14.33 | 124.57 | -32.18 | 100.39 | -24.15 | -30.34 | 56.67 | -37.57 | 948.33 | 43.33 | 302.38 | -54.19 | 26.15 | -62.77 | -12.45 |
| 23Q1 (14) | -1.29 | -514.29 | -13000.0 | 40.19 | -13.08 | -6.27 | -61.21 | -751.86 | -252.8 | -68.12 | -4441.33 | -4331.06 | -68.12 | -2248.97 | -29717.39 | -6.44 | -592.47 | -12980.0 | -2.85 | -790.63 | -2475.0 | 0.04 | -73.33 | -50.0 | -58.33 | -6372.04 | -1007.15 | 132.35 | 32.72 | -9.65 | 90.77 | 115.13 | 109.08 | 10.77 | -98.46 | -98.99 | 70.24 | 201.59 | 42.59 |
| 22Q4 (13) | -0.21 | -126.25 | -129.17 | 46.24 | 7.61 | 37.13 | 9.39 | 242.49 | 24.37 | -1.50 | -106.38 | -120.27 | -2.90 | -115.93 | -136.57 | -0.93 | -123.72 | -125.34 | -0.32 | -118.39 | -119.28 | 0.15 | 66.67 | -25.0 | 0.93 | -96.62 | -90.14 | 99.72 | -28.34 | -24.45 | -600.00 | -2023.08 | -700.0 | 700.00 | 445.76 | 21100.0 | 23.29 | -30.19 | 15.47 |
| 22Q3 (12) | 0.80 | 21.21 | -5.88 | 42.97 | 1.44 | -0.79 | -6.59 | -759.0 | -157.4 | 23.50 | 35.37 | 41.23 | 18.21 | 31.1 | 32.82 | 3.92 | 14.62 | -12.89 | 1.74 | 15.23 | -9.37 | 0.09 | -10.0 | -30.77 | 27.55 | 30.38 | 39.78 | 139.15 | -3.45 | -2.34 | -28.26 | -622.83 | -140.62 | 128.26 | 35.59 | 321.43 | 33.36 | 11.68 | 37.06 |
| 22Q2 (11) | 0.66 | 6500.0 | 842.86 | 42.36 | -1.21 | -11.36 | 1.00 | 105.76 | -85.61 | 17.36 | 978.26 | 2900.0 | 13.89 | 5939.13 | 892.14 | 3.42 | 6740.0 | 877.14 | 1.51 | 1158.33 | 480.77 | 0.10 | 25.0 | 0.0 | 21.13 | 228.62 | 525.15 | 144.12 | -1.62 | -6.05 | 5.41 | 100.54 | 100.39 | 94.59 | -91.13 | -94.09 | 29.87 | -39.36 | 0.84 |
| 22Q1 (10) | 0.01 | -98.61 | -87.5 | 42.88 | 27.16 | -6.29 | -17.35 | -329.8 | -1069.27 | 1.61 | -78.24 | -42.09 | 0.23 | -97.1 | -86.93 | 0.05 | -98.64 | -88.64 | 0.12 | -92.77 | -61.29 | 0.08 | -60.0 | -27.27 | 6.43 | -31.81 | -3.6 | 146.49 | 10.98 | 5.26 | -1000.00 | -1100.0 | -1600.0 | 1066.67 | 32100.0 | 3100.0 | 49.26 | 144.22 | 43.78 |
| 21Q4 (9) | 0.72 | -15.29 | 28.57 | 33.72 | -22.14 | -19.33 | 7.55 | -34.23 | -29.04 | 7.40 | -55.53 | -22.43 | 7.93 | -42.16 | -4.11 | 3.67 | -18.44 | 26.55 | 1.66 | -13.54 | 13.7 | 0.20 | 53.85 | 25.0 | 9.43 | -52.16 | -23.02 | 132.00 | -7.36 | 14.17 | 100.00 | 43.75 | -9.37 | -3.33 | -110.95 | 67.78 | 20.17 | -17.13 | -37.46 |
| 21Q3 (8) | 0.85 | 1114.29 | 88.89 | 43.31 | -9.37 | -3.0 | 11.48 | 65.18 | -22.01 | 16.64 | 2783.87 | 64.43 | 13.71 | 879.29 | 79.92 | 4.50 | 1185.71 | 88.28 | 1.92 | 638.46 | 61.34 | 0.13 | 30.0 | -7.14 | 19.71 | 483.14 | 48.08 | 142.48 | -7.12 | 17.93 | 69.57 | 104.97 | -51.84 | 30.43 | -98.1 | 168.48 | 24.34 | -17.83 | -5.91 |
| 21Q2 (7) | 0.07 | -12.5 | -92.31 | 47.79 | 4.44 | 2.53 | 6.95 | 288.27 | -64.38 | -0.62 | -122.3 | -103.8 | 1.40 | -20.45 | -90.17 | 0.35 | -20.45 | -92.54 | 0.26 | -16.13 | -88.65 | 0.10 | -9.09 | -33.33 | 3.38 | -49.33 | -82.49 | 153.40 | 10.22 | 21.86 | -1400.00 | -2200.0 | -1275.0 | 1600.00 | 4700.0 | 8455.56 | 29.62 | -13.54 | 0 |
| 21Q1 (6) | 0.08 | -85.71 | 120.51 | 45.76 | 9.47 | 7.34 | 1.79 | -83.18 | 114.72 | 2.78 | -70.86 | 128.99 | 1.76 | -78.72 | 117.55 | 0.44 | -84.83 | 122.56 | 0.31 | -78.77 | 139.24 | 0.11 | -31.25 | 22.22 | 6.67 | -45.55 | 231.3 | 139.17 | 20.37 | 28.28 | 66.67 | -39.58 | -48.48 | 33.33 | 422.22 | 213.33 | 34.26 | 6.23 | 0 |
| 20Q4 (5) | 0.56 | 24.44 | -20.0 | 41.80 | -6.38 | -15.73 | 10.64 | -27.72 | -33.33 | 9.54 | -5.73 | -16.97 | 8.27 | 8.53 | -15.61 | 2.90 | 21.34 | -17.14 | 1.46 | 22.69 | -25.89 | 0.16 | 14.29 | -11.11 | 12.25 | -7.96 | -13.43 | 115.62 | -4.3 | 3.08 | 110.34 | -23.61 | -21.49 | -10.34 | 76.72 | 74.48 | 32.25 | 24.66 | 25.49 |
| 20Q3 (4) | 0.45 | -50.55 | 0.0 | 44.65 | -4.21 | 0.0 | 14.72 | -24.55 | 0.0 | 10.12 | -37.95 | 0.0 | 7.62 | -46.49 | 0.0 | 2.39 | -49.04 | 0.0 | 1.19 | -48.03 | 0.0 | 0.14 | -6.67 | 0.0 | 13.31 | -31.04 | 0.0 | 120.82 | -4.02 | 0.0 | 144.44 | 21.23 | 0.0 | -44.44 | -132.1 | 0.0 | 25.87 | 0 | 0.0 |
| 20Q2 (3) | 0.91 | 333.33 | 0.0 | 46.61 | 9.34 | 0.0 | 19.51 | 260.44 | 0.0 | 16.31 | 270.07 | 0.0 | 14.24 | 241.97 | 0.0 | 4.69 | 340.51 | 0.0 | 2.29 | 389.87 | 0.0 | 0.15 | 66.67 | 0.0 | 19.30 | 479.92 | 0.0 | 125.88 | 16.03 | 0.0 | 119.15 | -7.93 | 0.0 | -19.15 | 34.89 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.39 | -155.71 | 0.0 | 42.63 | -14.05 | 0.0 | -12.16 | -176.19 | 0.0 | -9.59 | -183.46 | 0.0 | -10.03 | -202.35 | 0.0 | -1.95 | -155.71 | 0.0 | -0.79 | -140.1 | 0.0 | 0.09 | -50.0 | 0.0 | -5.08 | -135.9 | 0.0 | 108.49 | -3.28 | 0.0 | 129.41 | -7.92 | 0.0 | -29.41 | 27.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.70 | 0.0 | 0.0 | 49.60 | 0.0 | 0.0 | 15.96 | 0.0 | 0.0 | 11.49 | 0.0 | 0.0 | 9.80 | 0.0 | 0.0 | 3.50 | 0.0 | 0.0 | 1.97 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 14.15 | 0.0 | 0.0 | 112.17 | 0.0 | 0.0 | 140.54 | 0.0 | 0.0 | -40.54 | 0.0 | 0.0 | 25.70 | 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) | 0.27 | -78.23 | 45.49 | 3.43 | 2.92 | 0 | 1.86 | -6.52 | 2.25 | -74.89 | 1.77 | -71.59 | 1.71 | -70.26 | 1.55 | -50.48 | 0.52 | 20.93 | 7.10 | -43.74 | 75.58 | -24.21 | 132.00 | 0 | -32.00 | 0 | 8.60 | 1312.98 | 28.73 | -10.08 |
| 2022 (9) | 1.24 | -27.49 | 43.98 | 7.03 | -1.12 | 0 | 1.99 | 14.88 | 8.96 | 22.57 | 6.23 | -10.49 | 5.75 | -33.68 | 3.13 | -27.88 | 0.43 | -23.21 | 12.62 | 22.29 | 99.72 | -24.45 | -12.35 | 0 | 112.35 | 0 | 0.61 | 4.43 | 31.95 | 24.32 |
| 2021 (8) | 1.71 | 12.5 | 41.09 | -6.63 | 7.32 | -28.31 | 1.74 | -6.12 | 7.31 | -11.61 | 6.96 | 5.45 | 8.67 | 14.68 | 4.34 | 7.69 | 0.56 | 3.7 | 10.32 | -10.1 | 132.00 | 14.17 | 100.00 | -19.05 | 0.00 | 0 | 0.58 | 173.47 | 25.70 | -9.76 |
| 2020 (7) | 1.52 | -25.85 | 44.01 | -1.83 | 10.21 | -5.99 | 1.85 | 9.14 | 8.27 | -18.84 | 6.60 | -20.48 | 7.56 | -25.59 | 4.03 | -30.64 | 0.54 | -15.62 | 11.48 | -12.37 | 115.62 | 3.08 | 123.53 | 15.43 | -23.53 | 0 | 0.21 | -30.17 | 28.48 | 17.54 |
| 2019 (6) | 2.05 | 2.5 | 44.83 | 11.21 | 10.86 | 49.79 | 1.69 | 64.97 | 10.19 | 14.62 | 8.30 | 12.93 | 10.16 | -5.93 | 5.81 | -8.93 | 0.64 | -18.99 | 13.10 | 19.63 | 112.17 | 54.12 | 107.02 | 30.94 | -6.14 | 0 | 0.31 | 59.59 | 24.23 | 10.64 |
| 2018 (5) | 2.00 | 138.1 | 40.31 | -11.52 | 7.25 | -17.05 | 1.03 | -13.34 | 8.89 | 75.69 | 7.35 | 120.72 | 10.80 | 125.0 | 6.38 | 120.76 | 0.79 | 16.18 | 10.95 | 47.97 | 72.78 | -30.37 | 81.73 | -53.17 | 18.27 | 0 | 0.19 | 0 | 21.90 | -9.05 |
| 2017 (4) | 0.84 | -78.46 | 45.56 | 1.97 | 8.74 | -41.5 | 1.18 | 3.74 | 5.06 | -66.38 | 3.33 | -70.89 | 4.80 | -80.62 | 2.89 | -74.1 | 0.68 | -26.09 | 7.40 | -57.2 | 104.52 | -11.04 | 174.51 | 76.42 | -72.55 | 0 | 0.00 | 0 | 24.08 | 25.03 |
| 2016 (3) | 3.90 | 150.0 | 44.68 | 25.75 | 14.94 | 155.82 | 1.14 | -37.96 | 15.05 | 173.64 | 11.44 | 170.45 | 24.77 | 95.04 | 11.16 | 131.54 | 0.92 | -9.8 | 17.29 | 109.83 | 117.49 | -30.13 | 98.92 | -6.99 | 0.54 | 0 | 0.00 | 0 | 19.26 | 4.79 |
| 2015 (2) | 1.56 | 183.64 | 35.53 | -23.95 | 5.84 | 374.8 | 1.84 | -42.02 | 5.50 | 101.47 | 4.23 | 92.27 | 12.70 | 140.08 | 4.82 | 125.23 | 1.02 | 56.92 | 8.24 | 7.71 | 168.15 | -26.03 | 106.35 | 152.58 | -6.35 | 0 | 0.00 | 0 | 18.38 | -32.28 |
| 2014 (1) | 0.55 | 0 | 46.72 | 0 | 1.23 | 0 | 3.17 | 6.69 | 2.73 | 0 | 2.20 | 0 | 5.29 | 0 | 2.14 | 0 | 0.65 | -16.67 | 7.65 | 0 | 227.31 | -31.08 | 42.11 | -60.63 | 52.63 | 0 | 0.00 | 0 | 27.14 | 6.39 |
