- 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) | 5.17 | 240.13 | 791.38 | 38.68 | -6.64 | 177.47 | 30.29 | -13.21 | 4620.9 | 55.71 | 36.41 | 91.9 | 44.86 | 85.07 | 71.29 | 16.33 | 114.3 | 619.38 | 13.30 | 106.2 | 536.36 | 0.31 | 63.16 | 287.5 | 56.28 | 33.62 | 68.0 | 24.83 | 21.78 | 170.48 | 54.42 | -36.51 | 3365.44 | 45.58 | 209.92 | -55.17 | 8.91 | -38.47 | -62.23 |
| 24Q2 (19) | 1.52 | -13.64 | 1420.0 | 41.43 | 20.72 | 2453.98 | 34.90 | 38.66 | 284.85 | 40.84 | 7.99 | 550.32 | 24.24 | -19.25 | 229.8 | 7.62 | 14.41 | 1905.26 | 6.45 | 9.32 | 1691.67 | 0.19 | -5.0 | 280.0 | 42.12 | 7.15 | 199.79 | 20.39 | 28.97 | 170.07 | 85.71 | 28.57 | 129.81 | 14.71 | -55.88 | -96.08 | 14.48 | 12.86 | -57.19 |
| 24Q1 (18) | 1.76 | 900.0 | 4500.0 | 34.32 | 104.04 | 427.19 | 25.17 | 279.07 | 498.26 | 37.82 | 408.99 | 1009.13 | 30.02 | 438.06 | 1477.06 | 6.66 | 874.42 | 4540.0 | 5.90 | 856.41 | 4314.29 | 0.20 | 122.22 | 233.33 | 39.31 | 577.64 | 2013.44 | 15.81 | 63.83 | 130.47 | 66.67 | 224.44 | -53.33 | 33.33 | -78.79 | 177.78 | 12.83 | -30.69 | -49.37 |
| 23Q4 (17) | -0.22 | -137.93 | 74.71 | 16.82 | 20.66 | 1928.26 | 6.64 | 1091.04 | 140.17 | -12.24 | -142.16 | 83.44 | -8.88 | -133.91 | 84.51 | -0.86 | -137.89 | 74.78 | -0.78 | -137.32 | 75.32 | 0.09 | 12.5 | 50.0 | -8.23 | -124.57 | 87.7 | 9.65 | 5.12 | 13.53 | -53.57 | -3114.29 | -344.57 | 157.14 | 54.57 | 103.7 | 18.51 | -21.53 | -31.62 |
| 23Q3 (16) | 0.58 | 480.0 | 100.0 | 13.94 | 892.05 | 202.27 | -0.67 | 96.45 | 98.18 | 29.03 | 362.26 | -16.15 | 26.19 | 256.33 | 8.13 | 2.27 | 497.37 | 100.88 | 2.09 | 480.56 | 99.05 | 0.08 | 60.0 | 100.0 | 33.50 | 138.43 | -23.43 | 9.18 | 21.59 | 25.58 | -1.67 | 99.42 | 98.41 | 101.67 | -72.89 | -50.44 | 23.59 | -30.25 | -40.76 |
| 23Q2 (15) | 0.10 | 350.0 | 190.91 | -1.76 | -127.04 | 94.08 | -18.88 | -198.73 | 60.83 | 6.28 | 250.96 | 190.49 | 7.35 | 437.16 | 179.37 | 0.38 | 353.33 | 184.44 | 0.36 | 357.14 | 185.71 | 0.05 | -16.67 | 0.0 | 14.05 | 655.38 | 716.86 | 7.55 | 10.06 | -1.18 | -287.50 | -301.25 | -141.07 | 375.00 | 975.0 | 162.5 | 33.82 | 33.46 | -9.13 |
| 23Q1 (14) | -0.04 | 95.4 | -136.36 | 6.51 | 807.61 | 160.28 | -6.32 | 61.77 | 78.3 | -4.16 | 94.37 | -128.65 | -2.18 | 96.2 | -126.85 | -0.15 | 95.6 | -134.88 | -0.14 | 95.57 | -135.0 | 0.06 | 0.0 | 20.0 | 1.86 | 102.78 | -91.7 | 6.86 | -19.29 | -6.16 | 142.86 | 552.17 | 171.43 | -42.86 | -155.56 | -114.03 | 25.34 | -6.39 | -26.61 |
| 22Q4 (13) | -0.87 | -400.0 | -93.33 | -0.92 | 93.25 | 94.58 | -16.53 | 55.22 | 55.9 | -73.92 | -313.52 | -96.65 | -57.34 | -336.75 | -69.9 | -3.41 | -401.77 | -95.98 | -3.16 | -400.95 | -105.19 | 0.06 | 50.0 | 20.0 | -66.90 | -252.91 | -130.45 | 8.50 | 16.28 | -30.67 | 21.90 | 120.84 | -78.1 | 77.14 | -62.39 | 0 | 27.07 | -32.02 | -24.22 |
| 22Q3 (12) | 0.29 | 363.64 | 231.82 | -13.63 | 54.12 | -383.33 | -36.91 | 23.42 | -123.56 | 34.62 | 598.85 | 350.51 | 24.22 | 361.56 | 309.7 | 1.13 | 351.11 | 232.94 | 1.05 | 350.0 | 241.89 | 0.04 | -20.0 | -42.86 | 43.75 | 2443.6 | 659.46 | 7.31 | -4.32 | -41.71 | -105.13 | -115.02 | -190.63 | 205.13 | 134.19 | 1125.64 | 39.82 | 6.99 | 67.17 |
| 22Q2 (11) | -0.11 | -200.0 | 73.81 | -29.71 | -175.09 | -3436.9 | -48.20 | -65.52 | -227.67 | -6.94 | -147.8 | 75.53 | -9.26 | -214.04 | 59.15 | -0.45 | -204.65 | 71.7 | -0.42 | -205.0 | 70.0 | 0.05 | 0.0 | -16.67 | 1.72 | -92.32 | 107.68 | 7.64 | 4.51 | -40.59 | 700.00 | 450.0 | 1219.23 | -600.00 | -296.36 | -1325.0 | 37.22 | 7.79 | 42.99 |
| 22Q1 (10) | 0.11 | 124.44 | 164.71 | -10.80 | 36.32 | -298.17 | -29.12 | 22.31 | -285.7 | 14.52 | 138.63 | 252.36 | 8.12 | 124.06 | 199.51 | 0.43 | 124.71 | 167.19 | 0.40 | 125.97 | 172.73 | 0.05 | 0.0 | -28.57 | 22.40 | 177.16 | 651.72 | 7.31 | -40.38 | -44.58 | -200.00 | -300.0 | -353.33 | 305.56 | 0 | 1351.39 | 34.53 | -3.33 | 50.33 |
| 21Q4 (9) | -0.45 | -104.55 | -73.08 | -16.96 | -501.42 | -269.43 | -37.48 | -127.01 | -788.15 | -37.59 | -172.0 | -174.18 | -33.75 | -192.21 | -168.92 | -1.74 | -104.71 | -79.38 | -1.54 | -108.11 | -81.18 | 0.05 | -28.57 | -28.57 | -29.03 | -271.23 | -279.48 | 12.26 | -2.23 | -15.16 | 100.00 | -13.79 | 237.5 | -0.00 | 100.0 | -100.0 | 35.72 | 49.96 | 52.26 |
| 21Q3 (8) | -0.22 | 47.62 | -1000.0 | -2.82 | -235.71 | -121.68 | -16.51 | -12.24 | -2806.56 | -13.82 | 51.27 | -503.49 | -11.55 | 49.05 | -1115.79 | -0.85 | 46.54 | -1316.67 | -0.74 | 47.14 | -1380.0 | 0.07 | 16.67 | 16.67 | -7.82 | 65.1 | -269.26 | 12.54 | -2.49 | 4.85 | 116.00 | 118.62 | 564.0 | -20.00 | -140.83 | -116.0 | 23.82 | -8.49 | 2.41 |
| 21Q2 (7) | -0.42 | -147.06 | -185.71 | -0.84 | -115.41 | -113.17 | -14.71 | -94.83 | -82.96 | -28.36 | -197.59 | -74.42 | -22.67 | -177.82 | -182.05 | -1.59 | -148.44 | -188.33 | -1.40 | -154.55 | -188.61 | 0.06 | -14.29 | 0.0 | -22.41 | -451.97 | -144.92 | 12.86 | -2.5 | 2.47 | 53.06 | -32.79 | 10.2 | 48.98 | 132.65 | 1.73 | 26.03 | 13.32 | 0 |
| 21Q1 (6) | -0.17 | 34.62 | -240.0 | 5.45 | -45.55 | 26.16 | -7.55 | -78.91 | 38.27 | -9.53 | 30.49 | -250.37 | -8.16 | 34.98 | -180.41 | -0.64 | 34.02 | -276.47 | -0.55 | 35.29 | -292.86 | 0.07 | 0.0 | 40.0 | -4.06 | 46.93 | -175.05 | 13.19 | -8.72 | -18.48 | 78.95 | 166.45 | -82.46 | 21.05 | -70.08 | 106.02 | 22.97 | -2.09 | -14.99 |
| 20Q4 (5) | -0.26 | -1200.0 | 3.7 | 10.01 | -23.06 | 18.74 | -4.22 | -791.8 | 33.75 | -13.71 | -498.69 | 33.67 | -12.55 | -1221.05 | 12.91 | -0.97 | -1516.67 | 2.02 | -0.85 | -1600.0 | -2.41 | 0.07 | 16.67 | 16.67 | -7.65 | -265.58 | 43.91 | 14.45 | 20.82 | -17.1 | 29.63 | 218.52 | -3.03 | 70.37 | -43.7 | 1.33 | 23.46 | 0.86 | 6.54 |
| 20Q3 (4) | -0.02 | -104.08 | 0.0 | 13.01 | 103.92 | 0.0 | 0.61 | 107.59 | 0.0 | -2.29 | 85.92 | 0.0 | -0.95 | -103.44 | 0.0 | -0.06 | -103.33 | 0.0 | -0.05 | -103.16 | 0.0 | 0.06 | 0.0 | 0.0 | 4.62 | 150.49 | 0.0 | 11.96 | -4.7 | 0.0 | -25.00 | -151.92 | 0.0 | 125.00 | 159.62 | 0.0 | 23.26 | 0 | 0.0 |
| 20Q2 (3) | 0.49 | 1080.0 | 0.0 | 6.38 | 47.69 | 0.0 | -8.04 | 34.26 | 0.0 | -16.26 | -497.79 | 0.0 | 27.63 | 1049.48 | 0.0 | 1.80 | 1158.82 | 0.0 | 1.58 | 1228.57 | 0.0 | 0.06 | 20.0 | 0.0 | -9.15 | -269.13 | 0.0 | 12.55 | -22.44 | 0.0 | 48.15 | -89.3 | 0.0 | 48.15 | 113.76 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.05 | 81.48 | 0.0 | 4.32 | -48.75 | 0.0 | -12.23 | -91.99 | 0.0 | -2.72 | 86.84 | 0.0 | -2.91 | 79.81 | 0.0 | -0.17 | 82.83 | 0.0 | -0.14 | 83.13 | 0.0 | 0.05 | -16.67 | 0.0 | 5.41 | 139.66 | 0.0 | 16.18 | -7.17 | 0.0 | 450.00 | 1372.73 | 0.0 | -350.00 | -604.0 | 0.0 | 27.02 | 22.71 | 0.0 |
| 19Q4 (1) | -0.27 | 0.0 | 0.0 | 8.43 | 0.0 | 0.0 | -6.37 | 0.0 | 0.0 | -20.67 | 0.0 | 0.0 | -14.41 | 0.0 | 0.0 | -0.99 | 0.0 | 0.0 | -0.83 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -13.64 | 0.0 | 0.0 | 17.43 | 0.0 | 0.0 | 30.56 | 0.0 | 0.0 | 69.44 | 0.0 | 0.0 | 22.02 | 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) | 0.42 | 0 | 10.56 | 0 | -2.66 | 0 | 5.15 | -34.68 | 4.52 | 0 | 5.41 | 0 | 1.65 | 0 | 1.51 | 0 | 0.28 | 47.37 | 9.74 | 0 | 9.65 | 13.53 | -57.58 | 0 | 157.58 | 0 | 0.00 | 0 | 24.08 | -29.63 |
| 2022 (9) | -0.59 | 0 | -13.04 | 0 | -31.74 | 0 | 7.88 | 32.56 | -11.31 | 0 | -11.07 | 0 | -2.32 | 0 | -2.10 | 0 | 0.19 | -20.83 | -3.23 | 0 | 8.50 | -30.67 | 280.36 | 235.95 | -180.36 | 0 | 0.04 | -47.44 | 34.22 | 29.97 |
| 2021 (8) | -1.26 | 0 | -2.48 | 0 | -17.27 | 0 | 5.94 | -12.01 | -20.68 | 0 | -17.50 | 0 | -4.81 | 0 | -4.21 | 0 | 0.24 | 4.35 | -14.41 | 0 | 12.26 | -15.16 | 83.45 | 32.67 | 16.55 | -55.4 | 0.07 | -27.83 | 26.33 | 9.3 |
| 2020 (7) | 0.16 | 433.33 | 8.66 | 1.05 | -5.66 | 0 | 6.75 | 9.77 | -9.03 | 0 | 2.18 | 458.97 | 0.59 | 391.67 | 0.54 | 217.65 | 0.23 | -4.17 | -1.91 | 0 | 14.45 | -17.1 | 62.90 | -98.3 | 37.10 | 0 | 0.10 | -22.64 | 24.09 | 5.43 |
| 2019 (6) | 0.03 | -97.25 | 8.57 | -43.8 | -4.71 | 0 | 6.15 | 44.75 | -0.13 | 0 | 0.39 | -95.84 | 0.12 | -96.95 | 0.17 | -94.5 | 0.24 | -25.0 | 6.54 | -62.15 | 17.43 | -46.32 | 3700.00 | 9890.0 | -3600.00 | 0 | 0.13 | 16.15 | 22.85 | 26.1 |
| 2018 (5) | 1.09 | 19.78 | 15.25 | -22.71 | 4.65 | -58.78 | 4.25 | 44.87 | 12.43 | 49.04 | 9.38 | 46.56 | 3.93 | 19.82 | 3.09 | 18.85 | 0.32 | -17.95 | 17.28 | 48.2 | 32.47 | 0.06 | 37.04 | -72.59 | 62.22 | 0 | 0.12 | 0 | 18.12 | 23.6 |
| 2017 (4) | 0.91 | -56.87 | 19.73 | -16.5 | 11.28 | -24.04 | 2.93 | 31.72 | 8.34 | -48.0 | 6.40 | -49.09 | 3.28 | -56.5 | 2.60 | -56.01 | 0.39 | -17.02 | 11.66 | -36.63 | 32.45 | 0.75 | 135.14 | 46.15 | -35.14 | 0 | 0.00 | 0 | 14.66 | -0.27 |
| 2016 (3) | 2.11 | -18.85 | 23.63 | 0.6 | 14.85 | 0.2 | 2.23 | -3.78 | 16.04 | -17.45 | 12.57 | -17.36 | 7.54 | -20.96 | 5.91 | -23.45 | 0.47 | -7.84 | 18.40 | -15.52 | 32.21 | 33.26 | 92.46 | 20.94 | 7.54 | -68.41 | 0.00 | 0 | 14.70 | 2.65 |
| 2015 (2) | 2.60 | -14.47 | 23.49 | 12.88 | 14.82 | 12.36 | 2.32 | -6.52 | 19.43 | -3.33 | 15.21 | -6.63 | 9.54 | -18.88 | 7.72 | -16.81 | 0.51 | -10.53 | 21.78 | -3.8 | 24.17 | 4.9 | 76.45 | 16.51 | 23.87 | -30.58 | 0.00 | 0 | 14.32 | 9.73 |
| 2014 (1) | 3.04 | -1.3 | 20.81 | 0 | 13.19 | 0 | 2.48 | -7.44 | 20.10 | 0 | 16.29 | 0 | 11.76 | 0 | 9.28 | 0 | 0.57 | -10.94 | 22.64 | 2.12 | 23.04 | -24.58 | 65.62 | -16.27 | 34.38 | 58.97 | 0.00 | 0 | 13.05 | 17.46 |
