- 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) | 0.19 | -91.95 | 120.0 | 41.15 | -4.41 | -4.57 | 10.90 | -20.38 | -16.79 | 2.17 | -89.88 | 124.55 | -0.49 | -102.52 | 96.65 | -0.06 | -102.06 | 97.04 | 0.02 | -98.9 | 101.69 | 0.08 | -11.11 | 0.0 | 15.23 | -53.38 | 421.58 | 59.56 | -9.19 | -8.09 | 509.09 | 700.44 | 443.98 | -409.09 | -1235.88 | -264.96 | 29.24 | 8.9 | 23.27 |
| 24Q2 (19) | 2.36 | 395.0 | 242.03 | 43.05 | -9.94 | -6.15 | 13.69 | -17.28 | -5.59 | 21.45 | 704.23 | 133.66 | 19.42 | 323.22 | 262.31 | 2.91 | 340.5 | 298.63 | 1.82 | 371.64 | 295.65 | 0.09 | 12.5 | 12.5 | 32.67 | 282.11 | 62.86 | 65.59 | 0.23 | 1.77 | 63.60 | 113.53 | -59.75 | 36.02 | -93.68 | 162.1 | 26.85 | 6.21 | 1.78 |
| 24Q1 (18) | -0.80 | -152.63 | -280.95 | 47.80 | 10.19 | 8.17 | 16.55 | -14.73 | 14.93 | -3.55 | -125.63 | -29.09 | -8.70 | -185.46 | -18.21 | -1.21 | -179.61 | -37.5 | -0.67 | -167.0 | -39.58 | 0.08 | -11.11 | 14.29 | 8.55 | -66.58 | -23.39 | 65.44 | -0.98 | 4.97 | -470.00 | -436.0 | 8.81 | 570.00 | 1529.25 | -7.38 | 25.28 | 35.33 | 1.77 |
| 23Q4 (17) | 1.52 | 260.0 | -43.91 | 43.38 | 0.6 | 3.71 | 19.41 | 48.17 | 98.06 | 13.85 | 256.67 | -53.11 | 10.18 | 169.54 | -60.11 | 1.52 | 174.88 | -57.18 | 1.00 | 184.75 | -54.95 | 0.09 | 12.5 | 0.0 | 25.58 | 776.03 | -37.91 | 66.09 | 1.99 | 4.0 | 139.88 | 194.51 | 320.98 | -39.88 | -116.08 | -159.73 | 18.68 | -21.25 | -24.53 |
| 23Q3 (16) | -0.95 | -237.68 | -123.23 | 43.12 | -6.0 | 11.31 | 13.10 | -9.66 | 30.22 | -8.84 | -196.3 | -118.41 | -14.64 | -373.13 | -133.46 | -2.03 | -378.08 | -132.69 | -1.18 | -356.52 | -130.81 | 0.08 | 0.0 | -11.11 | 2.92 | -85.44 | -95.14 | 64.80 | 0.54 | 4.36 | -148.00 | -193.67 | -806.95 | 248.00 | 527.59 | 213.67 | 23.72 | -10.08 | -2.79 |
| 23Q2 (15) | 0.69 | 428.57 | 1085.71 | 45.87 | 3.8 | 32.04 | 14.50 | 0.69 | 1833.33 | 9.18 | 433.82 | 348.78 | 5.36 | 172.83 | 190.39 | 0.73 | 182.95 | 202.82 | 0.46 | 195.83 | 212.2 | 0.08 | 14.29 | 14.29 | 20.06 | 79.75 | 86.78 | 64.45 | 3.38 | -2.16 | 158.00 | 130.66 | 916.33 | -58.00 | -109.42 | -148.59 | 26.38 | 6.2 | -7.21 |
| 23Q1 (14) | -0.21 | -107.75 | 93.69 | 44.19 | 5.64 | 44.51 | 14.40 | 46.94 | 337.62 | -2.75 | -109.31 | 94.82 | -7.36 | -128.84 | 86.47 | -0.88 | -124.79 | 85.71 | -0.48 | -121.62 | 87.56 | 0.07 | -22.22 | 0.0 | 11.16 | -72.91 | 128.94 | 62.34 | -1.9 | 5.04 | -515.38 | -1651.06 | -4576.77 | 615.38 | 821.62 | 593.68 | 24.84 | 0.36 | -7.83 |
| 22Q4 (13) | 2.71 | -33.74 | 274.84 | 41.83 | 7.98 | 40.56 | 9.80 | -2.58 | 1052.94 | 29.54 | -38.48 | 218.49 | 25.52 | -41.68 | 192.26 | 3.55 | -42.83 | 210.94 | 2.22 | -42.04 | 210.45 | 0.09 | 0.0 | 28.57 | 41.20 | -31.4 | 473.87 | 63.55 | 2.35 | 9.44 | 33.23 | 58.72 | 1022.07 | 66.77 | -15.55 | -35.27 | 24.75 | 1.43 | 7.7 |
| 22Q3 (12) | 4.09 | 5942.86 | 227.81 | 38.74 | 11.51 | 21.48 | 10.06 | 1241.33 | 240.11 | 48.02 | 1401.36 | 178.44 | 43.76 | 837.94 | 169.36 | 6.21 | 974.65 | 213.53 | 3.83 | 1034.15 | 210.37 | 0.09 | 28.57 | 50.0 | 60.06 | 459.22 | 239.06 | 62.09 | -5.74 | 10.38 | 20.93 | 208.16 | 76.69 | 79.07 | -33.76 | -10.55 | 24.40 | -14.18 | -18.67 |
| 22Q2 (11) | -0.07 | 97.9 | -101.02 | 34.74 | 13.6 | 8.36 | 0.75 | 112.38 | 110.87 | -3.69 | 93.05 | -104.42 | -5.93 | 89.1 | -107.12 | -0.71 | 88.47 | -107.7 | -0.41 | 89.38 | -107.27 | 0.07 | 0.0 | 0.0 | 10.74 | 127.85 | -89.17 | 65.87 | 10.99 | 17.12 | -19.35 | -268.12 | -134.63 | 119.35 | 34.54 | 10.11 | 28.43 | 5.49 | -21.62 |
| 22Q1 (10) | -3.33 | -114.84 | -133.84 | 30.58 | 2.76 | 1.59 | -6.06 | -812.94 | 35.33 | -53.08 | -112.92 | -137.58 | -54.41 | -96.71 | -138.7 | -6.16 | -92.5 | -136.09 | -3.86 | -92.04 | -141.37 | 0.07 | 0.0 | 0.0 | -38.56 | -249.91 | -124.32 | 59.35 | 2.2 | -22.11 | 11.51 | 419.47 | 273.52 | 88.71 | -14.0 | -16.81 | 26.95 | 17.28 | -24.87 |
| 21Q4 (9) | -1.55 | 51.56 | -23.02 | 29.76 | -6.68 | -6.8 | 0.85 | 111.84 | -93.53 | -24.93 | 59.28 | -70.64 | -27.66 | 56.16 | -54.53 | -3.20 | 41.5 | -18.52 | -2.01 | 42.07 | -48.89 | 0.07 | 16.67 | -12.5 | -11.02 | 74.48 | -3078.38 | 58.07 | 3.24 | -38.62 | -3.60 | -130.41 | 95.99 | 103.15 | 16.7 | -45.9 | 22.98 | -23.4 | 53.4 |
| 21Q3 (8) | -3.20 | -146.65 | -444.09 | 31.89 | -0.53 | 4.28 | -7.18 | -4.06 | -406.84 | -61.22 | -173.26 | -625.04 | -63.09 | -175.72 | -738.56 | -5.47 | -159.33 | -467.11 | -3.47 | -161.52 | -523.17 | 0.06 | -14.29 | -25.0 | -43.19 | -143.56 | -262.98 | 56.25 | 0.02 | -38.76 | 11.85 | 243.64 | -40.76 | 88.39 | -18.46 | 10.49 | 30.00 | -17.29 | 11.73 |
| 21Q2 (7) | 6.86 | -30.28 | 37.47 | 32.06 | 6.51 | 1.39 | -6.90 | 26.36 | -10.93 | 83.57 | -40.84 | 31.36 | 83.32 | -40.74 | 27.6 | 9.22 | -45.99 | -11.0 | 5.64 | -39.55 | 10.59 | 0.07 | 0.0 | -12.5 | 99.15 | -37.47 | 26.02 | 56.24 | -26.19 | -41.8 | -8.25 | -24.33 | 15.66 | 108.39 | 1.65 | -1.26 | 36.27 | 1.12 | 0 |
| 21Q1 (6) | 9.84 | 880.95 | 1055.34 | 30.10 | -5.73 | 5.99 | -9.37 | -171.36 | -28.18 | 141.25 | 1066.8 | 902.56 | 140.61 | 885.53 | 872.16 | 17.07 | 732.22 | 739.33 | 9.33 | 791.11 | 904.31 | 0.07 | -12.5 | 0.0 | 158.56 | 42754.05 | 0 | 76.20 | -19.45 | -33.77 | -6.63 | 92.61 | -116.17 | 106.63 | -44.08 | 83.47 | 35.87 | 139.45 | 19.69 |
| 20Q4 (5) | -1.26 | -235.48 | -70.27 | 31.93 | 4.41 | 4.86 | 13.13 | 461.11 | 120.3 | -14.61 | -225.3 | 7.3 | -17.90 | -281.17 | -55.52 | -2.70 | -281.21 | -46.74 | -1.35 | -264.63 | -60.71 | 0.08 | 0.0 | 0.0 | 0.37 | -98.6 | 129.6 | 94.60 | 2.99 | -18.14 | -89.83 | -549.15 | -138.16 | 190.68 | 138.35 | 38.45 | 14.98 | -44.21 | 0 |
| 20Q3 (4) | 0.93 | -81.36 | 0.0 | 30.58 | -3.29 | 0.0 | 2.34 | 137.62 | 0.0 | 11.66 | -81.67 | 0.0 | 9.88 | -84.87 | 0.0 | 1.49 | -85.62 | 0.0 | 0.82 | -83.92 | 0.0 | 0.08 | 0.0 | 0.0 | 26.50 | -66.32 | 0.0 | 91.85 | -4.96 | 0.0 | 20.00 | 304.49 | 0.0 | 80.00 | -27.13 | 0.0 | 26.85 | 0 | 0.0 |
| 20Q2 (3) | 4.99 | 584.47 | 0.0 | 31.62 | 11.34 | 0.0 | -6.22 | 14.91 | 0.0 | 63.62 | 461.48 | 0.0 | 65.30 | 458.59 | 0.0 | 10.36 | 488.01 | 0.0 | 5.10 | 539.66 | 0.0 | 0.08 | 14.29 | 0.0 | 78.68 | 0 | 0.0 | 96.64 | -16.01 | 0.0 | -9.78 | -123.84 | 0.0 | 109.78 | 88.89 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.03 | -39.19 | 0.0 | 28.40 | -6.73 | 0.0 | -7.31 | -222.65 | 0.0 | -17.60 | -11.68 | 0.0 | -18.21 | -58.21 | 0.0 | -2.67 | -45.11 | 0.0 | -1.16 | -38.1 | 0.0 | 0.07 | -12.5 | 0.0 | 0.00 | 100.0 | 0.0 | 115.06 | -0.44 | 0.0 | 41.03 | 208.77 | 0.0 | 58.12 | -57.8 | 0.0 | 29.97 | 0 | 0.0 |
| 19Q4 (1) | -0.74 | 0.0 | 0.0 | 30.45 | 0.0 | 0.0 | 5.96 | 0.0 | 0.0 | -15.76 | 0.0 | 0.0 | -11.51 | 0.0 | 0.0 | -1.84 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -1.25 | 0.0 | 0.0 | 115.57 | 0.0 | 0.0 | -37.72 | 0.0 | 0.0 | 137.72 | 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) | 1.05 | -69.12 | 44.11 | 19.47 | 15.48 | 256.68 | 10.60 | -9.72 | 3.27 | -63.05 | -1.20 | 0 | -0.65 | 0 | -0.19 | 0 | 0.33 | 10.0 | 15.25 | -30.21 | 66.09 | 4.0 | 475.35 | 871.12 | -375.35 | 0 | 1.50 | -14.46 | 23.22 | -10.55 |
| 2022 (9) | 3.40 | -68.86 | 36.92 | 19.44 | 4.34 | 0 | 11.74 | -17.32 | 8.85 | -74.43 | 5.76 | -82.66 | 2.82 | -82.58 | 1.88 | -80.33 | 0.30 | 7.14 | 21.85 | -56.85 | 63.55 | 9.44 | 48.95 | 0 | 51.05 | -55.78 | 1.75 | -15.26 | 25.96 | -16.37 |
| 2021 (8) | 10.92 | 188.89 | 30.91 | 0.59 | -5.35 | 0 | 14.19 | 3.43 | 34.61 | 194.8 | 33.21 | 210.37 | 16.19 | 139.5 | 9.56 | 169.3 | 0.28 | -9.68 | 50.64 | 85.63 | 58.07 | -38.62 | -15.44 | 0 | 115.44 | 25.15 | 2.06 | -20.79 | 31.04 | 17.8 |
| 2020 (7) | 3.78 | 3050.0 | 30.73 | 2.74 | 0.91 | 2.25 | 13.72 | 6.1 | 11.74 | 0 | 10.70 | 0 | 6.76 | 0 | 3.55 | 0 | 0.31 | 3.33 | 27.28 | 101.92 | 94.60 | -17.55 | 7.76 | 0 | 92.24 | -43.23 | 2.61 | -23.68 | 26.35 | 1.58 |
| 2019 (6) | 0.12 | -93.51 | 29.91 | -12.06 | 0.89 | -60.44 | 12.93 | 18.66 | -1.46 | 0 | -1.49 | 0 | -0.91 | 0 | -0.20 | 0 | 0.30 | -11.76 | 13.51 | -24.82 | 114.74 | 25.49 | -60.00 | 0 | 162.50 | 177.76 | 3.41 | -15.14 | 25.94 | -1.52 |
| 2018 (5) | 1.85 | -29.39 | 34.01 | -14.14 | 2.25 | -84.89 | 10.90 | 4.04 | 5.47 | -55.38 | 4.64 | -49.89 | 2.88 | -49.74 | 1.74 | -52.07 | 0.34 | -5.56 | 17.97 | -25.93 | 91.43 | 19.38 | 40.82 | -66.42 | 58.50 | 0 | 4.02 | -15.06 | 26.34 | 0.88 |
| 2017 (4) | 2.62 | -52.36 | 39.61 | 0.46 | 14.89 | -28.41 | 10.48 | 32.05 | 12.26 | -36.15 | 9.26 | -38.92 | 5.73 | -55.16 | 3.63 | -53.04 | 0.36 | -25.0 | 24.26 | -15.0 | 76.59 | 19.47 | 121.54 | 12.19 | -21.54 | 0 | 4.74 | 0 | 26.11 | 26.5 |
| 2016 (3) | 5.50 | 65.66 | 39.43 | 27.03 | 20.80 | 65.87 | 7.93 | -5.92 | 19.20 | 45.02 | 15.16 | 39.47 | 12.78 | 47.07 | 7.73 | 51.57 | 0.48 | 11.63 | 28.54 | 21.91 | 64.11 | -25.87 | 108.33 | 14.31 | -8.33 | 0 | 0.00 | 0 | 20.64 | -5.15 |
| 2015 (2) | 3.32 | 6.75 | 31.04 | 12.83 | 12.54 | 14.31 | 8.43 | 17.59 | 13.24 | 6.69 | 10.87 | 3.33 | 8.69 | -8.14 | 5.10 | -3.59 | 0.43 | -8.51 | 23.41 | 10.9 | 86.48 | -1.14 | 94.77 | 7.22 | 5.23 | -54.94 | 0.00 | 0 | 21.76 | 9.02 |
| 2014 (1) | 3.11 | 0 | 27.51 | 0 | 10.97 | 0 | 7.17 | 32.4 | 12.41 | 0 | 10.52 | 0 | 9.46 | 0 | 5.29 | 0 | 0.47 | -14.55 | 21.11 | 338.88 | 87.48 | -11.1 | 88.39 | -31.65 | 11.61 | 0 | 0.00 | 0 | 19.96 | 31.06 |
