- 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) | -0.39 | -225.0 | -188.64 | -45.64 | -4418.81 | -302.22 | -178.28 | -243.64 | -5502.42 | -165.63 | -421.83 | -1814.6 | -164.75 | -428.38 | -1850.8 | -5.78 | -104.96 | -344.92 | -4.08 | -101.98 | -319.35 | 0.03 | -57.14 | -84.21 | -101.35 | -1237.07 | -602.23 | 43.23 | 20.22 | 63.94 | 108.20 | -33.82 | 224.59 | -7.38 | 88.38 | -111.34 | 72.10 | 183.3 | 488.57 |
| 24Q2 (19) | -0.12 | 58.62 | -141.38 | -1.01 | 98.62 | -107.06 | -51.88 | 72.11 | -7511.43 | -31.74 | 76.19 | -788.5 | -31.18 | 77.05 | -789.82 | -2.82 | 34.27 | -322.05 | -2.02 | 35.67 | -298.04 | 0.07 | 250.0 | -66.67 | -7.58 | 89.24 | -153.99 | 35.96 | 2.51 | 7.83 | 163.49 | 17.66 | 979.05 | -63.49 | -63.02 | -174.83 | 25.45 | -66.64 | 144.71 |
| 24Q1 (18) | -0.29 | 72.9 | -238.1 | -73.44 | -28.44 | -608.24 | -185.99 | 6.77 | -29422.22 | -133.30 | 31.96 | -5130.19 | -135.86 | 30.03 | -5305.36 | -4.29 | 64.84 | -760.0 | -3.14 | 66.52 | -660.71 | 0.02 | -60.0 | -89.47 | -70.42 | 53.35 | -634.7 | 35.08 | 7.48 | 10.59 | 138.95 | 36.69 | 690.53 | -38.95 | -1866.84 | -131.53 | 76.30 | 159.17 | 629.45 |
| 23Q4 (17) | -1.07 | -343.18 | -238.96 | -57.18 | -353.35 | -682.28 | -199.50 | -6145.45 | -1083.27 | -195.90 | -2127.95 | -1526.8 | -194.17 | -2163.44 | -1518.33 | -12.20 | -616.95 | -405.76 | -9.38 | -604.3 | -455.3 | 0.05 | -73.68 | -73.68 | -150.97 | -848.12 | -752.14 | 32.64 | 23.78 | -8.67 | 101.65 | 204.95 | 182.33 | -1.98 | -103.04 | -100.89 | 29.44 | 140.33 | 206.03 |
| 23Q3 (16) | 0.44 | 51.72 | 300.0 | 22.57 | 57.83 | 84.24 | 3.30 | 371.43 | 885.71 | 9.66 | 109.54 | 1250.0 | 9.41 | 108.19 | 1261.73 | 2.36 | 85.83 | 1083.33 | 1.86 | 82.35 | 18700.0 | 0.19 | -9.52 | 26.67 | 20.18 | 43.73 | 86.51 | 26.37 | -20.93 | -65.81 | 33.33 | 120.0 | -44.44 | 65.08 | -23.3 | 8.47 | 12.25 | 17.79 | 22.62 |
| 23Q2 (15) | 0.29 | 38.1 | 422.22 | 14.30 | -1.04 | 103.7 | 0.70 | 211.11 | 109.78 | 4.61 | 73.96 | 159.18 | 4.52 | 73.18 | 158.4 | 1.27 | 95.38 | 149.42 | 1.02 | 82.14 | 202.0 | 0.21 | 10.53 | 40.0 | 14.04 | 6.61 | 369.57 | 33.35 | 5.14 | -72.94 | 15.15 | 164.39 | -83.74 | 84.85 | -31.31 | 833.33 | 10.40 | -0.57 | 7.44 |
| 23Q1 (14) | 0.21 | -72.73 | 170.0 | 14.45 | 47.15 | 285.73 | -0.63 | 96.26 | 97.52 | 2.65 | -80.7 | 110.05 | 2.61 | -80.93 | 109.88 | 0.65 | -83.71 | 113.35 | 0.56 | -78.79 | 128.0 | 0.19 | 0.0 | 137.5 | 13.17 | -43.11 | 385.06 | 31.72 | -11.25 | -75.61 | -23.53 | 80.94 | -124.38 | 123.53 | -44.72 | 3441.18 | 10.46 | 8.73 | -28.5 |
| 22Q4 (13) | 0.77 | 600.0 | 134.68 | 9.82 | -19.84 | 169.79 | -16.86 | -3914.29 | 85.3 | 13.73 | 1734.52 | 111.67 | 13.69 | 1790.12 | 111.05 | 3.99 | 1762.5 | 115.67 | 2.64 | 26500.0 | 123.93 | 0.19 | 26.67 | 111.11 | 23.15 | 113.96 | 124.16 | 35.74 | -53.66 | -71.27 | -123.47 | -305.78 | -226.85 | 223.47 | 272.45 | 9041.93 | 9.62 | -3.7 | -30.89 |
| 22Q3 (12) | 0.11 | 222.22 | 115.28 | 12.25 | 74.5 | 146.4 | -0.42 | 94.13 | 99.29 | -0.84 | 89.22 | 98.58 | -0.81 | 89.53 | 98.67 | -0.24 | 90.66 | 97.39 | -0.01 | 99.0 | 99.73 | 0.15 | 0.0 | 150.0 | 10.82 | 261.87 | 134.35 | 77.13 | -37.42 | -40.97 | 60.00 | -35.61 | -39.63 | 60.00 | 560.0 | 9620.0 | 9.99 | 3.2 | -54.24 |
| 22Q2 (11) | -0.09 | 70.0 | 89.02 | 7.02 | 190.23 | 152.08 | -7.16 | 71.81 | 79.79 | -7.79 | 70.46 | 78.56 | -7.74 | 70.69 | 79.21 | -2.57 | 47.23 | 77.5 | -1.00 | 50.0 | 77.43 | 0.15 | 87.5 | 25.0 | 2.99 | 164.72 | 114.26 | 123.25 | -5.22 | -16.42 | 93.18 | -3.45 | -4.26 | 9.09 | 160.61 | 240.0 | 9.68 | -33.83 | -49.79 |
| 22Q1 (10) | -0.30 | 86.49 | 43.4 | -7.78 | 44.71 | 24.32 | -25.40 | 77.85 | -8.04 | -26.37 | 77.58 | -6.59 | -26.41 | 78.69 | 3.58 | -4.87 | 80.87 | 25.99 | -2.00 | 81.87 | 23.95 | 0.08 | -11.11 | -20.0 | -4.62 | 95.18 | -12.41 | 130.04 | 4.53 | -15.71 | 96.51 | -0.84 | 1.49 | 3.49 | 42.71 | -28.84 | 14.63 | 5.1 | 14.48 |
| 21Q4 (9) | -2.22 | -208.33 | -1380.0 | -14.07 | 46.7 | -2054.17 | -114.67 | -95.05 | -1346.03 | -117.64 | -98.55 | -1770.27 | -123.92 | -103.15 | -1961.9 | -25.46 | -176.74 | -1192.39 | -11.03 | -198.11 | -1261.73 | 0.09 | 50.0 | -43.75 | -95.81 | -204.16 | -1508.97 | 124.40 | -4.79 | 2.19 | 97.33 | -2.06 | -23.38 | 2.44 | 296.0 | 109.04 | 13.92 | -36.23 | 36.07 |
| 21Q3 (8) | -0.72 | 12.2 | -620.0 | -26.40 | -95.85 | -740.78 | -58.79 | -65.98 | -745.9 | -59.25 | -63.04 | -1216.67 | -61.00 | -63.85 | -1366.35 | -9.20 | 19.44 | -641.94 | -3.70 | 16.48 | -640.0 | 0.06 | -50.0 | -60.0 | -31.50 | -50.21 | -438.35 | 130.66 | -11.4 | 33.8 | 99.38 | 2.11 | -35.54 | 0.62 | -76.91 | 101.14 | 21.83 | 13.23 | 83.75 |
| 21Q2 (7) | -0.82 | -54.72 | -373.33 | -13.48 | -31.13 | -148.81 | -35.42 | -50.66 | -318.51 | -36.34 | -46.89 | -476.97 | -37.23 | -35.93 | -453.56 | -11.42 | -73.56 | -445.02 | -4.43 | -68.44 | -357.56 | 0.12 | 20.0 | -20.0 | -20.97 | -410.22 | -176.56 | 147.47 | -4.41 | 60.08 | 97.33 | 2.34 | -41.82 | 2.67 | -45.45 | 103.97 | 19.28 | 50.86 | 0 |
| 21Q1 (6) | -0.53 | -253.33 | -1225.0 | -10.28 | -1527.78 | -220.66 | -23.51 | -196.47 | -818.36 | -24.74 | -293.32 | -1095.17 | -27.39 | -355.74 | -1802.08 | -6.58 | -234.01 | -1545.0 | -2.63 | -224.69 | -26400.0 | 0.10 | -37.5 | -16.67 | -4.11 | -160.44 | -120.84 | 154.28 | 26.74 | 17.88 | 95.10 | -25.14 | -26.85 | 4.90 | 118.14 | 124.51 | 12.78 | 24.93 | 0 |
| 20Q4 (5) | -0.15 | -50.0 | 92.42 | 0.72 | -82.52 | 102.64 | -7.93 | -14.1 | 79.03 | -6.29 | -39.78 | 91.73 | -6.01 | -44.47 | 91.88 | -1.97 | -58.87 | 90.01 | -0.81 | -62.0 | 90.8 | 0.16 | 6.67 | 33.33 | 6.80 | -26.96 | 112.65 | 121.73 | 24.66 | -7.68 | 127.03 | -17.6 | 155.31 | -27.03 | 50.1 | -153.79 | 10.23 | -13.89 | -0.2 |
| 20Q3 (4) | -0.10 | -133.33 | 0.0 | 4.12 | -85.08 | 0.0 | -6.95 | -142.87 | 0.0 | -4.50 | -146.68 | 0.0 | -4.16 | -139.51 | 0.0 | -1.24 | -137.46 | 0.0 | -0.50 | -129.07 | 0.0 | 0.15 | 0.0 | 0.0 | 9.31 | -66.01 | 0.0 | 97.65 | 6.0 | 0.0 | 154.17 | -7.84 | 0.0 | -54.17 | 19.48 | 0.0 | 11.88 | 0 | 0.0 |
| 20Q2 (3) | 0.30 | 850.0 | 0.0 | 27.62 | 224.18 | 0.0 | 16.21 | 733.2 | 0.0 | 9.64 | 565.7 | 0.0 | 10.53 | 831.25 | 0.0 | 3.31 | 927.5 | 0.0 | 1.72 | 17100.0 | 0.0 | 0.15 | 25.0 | 0.0 | 27.39 | 38.89 | 0.0 | 92.12 | -29.61 | 0.0 | 167.27 | 28.67 | 0.0 | -67.27 | -236.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.04 | 97.98 | 0.0 | 8.52 | 131.2 | 0.0 | -2.56 | 93.23 | 0.0 | -2.07 | 97.28 | 0.0 | -1.44 | 98.06 | 0.0 | -0.40 | 97.97 | 0.0 | 0.01 | 100.11 | 0.0 | 0.12 | 0.0 | 0.0 | 19.72 | 136.69 | 0.0 | 130.88 | -0.74 | 0.0 | 130.00 | 161.29 | 0.0 | -20.00 | -139.8 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.98 | 0.0 | 0.0 | -27.31 | 0.0 | 0.0 | -37.82 | 0.0 | 0.0 | -76.06 | 0.0 | 0.0 | -74.06 | 0.0 | 0.0 | -19.72 | 0.0 | 0.0 | -8.80 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | -53.75 | 0.0 | 0.0 | 131.85 | 0.0 | 0.0 | 49.75 | 0.0 | 0.0 | 50.25 | 0.0 | 0.0 | 10.25 | 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) | -0.13 | 0 | 11.70 | 62.5 | -13.32 | 0 | 12.12 | 9.88 | -8.88 | 0 | -8.87 | 0 | -7.93 | 0 | -5.68 | 0 | 0.67 | 11.67 | 3.73 | -64.61 | 32.64 | -8.67 | 149.74 | -77.57 | -49.74 | 0 | 0.03 | 12.01 | 12.35 | 17.96 |
| 2022 (9) | 0.49 | 0 | 7.20 | 0 | -11.11 | 0 | 11.03 | -39.95 | -1.65 | 0 | -1.65 | 0 | -1.71 | 0 | -0.49 | 0 | 0.60 | 50.0 | 10.54 | 0 | 35.74 | -71.27 | 667.57 | 584.28 | -567.57 | 0 | 0.03 | -92.63 | 10.47 | -37.42 |
| 2021 (8) | -4.24 | 0 | -15.02 | 0 | -55.46 | 0 | 18.37 | 22.14 | -56.87 | 0 | -59.67 | 0 | -53.02 | 0 | -23.16 | 0 | 0.40 | -25.93 | -36.43 | 0 | 124.40 | 2.19 | 97.56 | 231.7 | 2.44 | -96.54 | 0.40 | -7.52 | 16.73 | 46.11 |
| 2020 (7) | 0.01 | 0 | 10.28 | 0 | -0.23 | 0 | 15.04 | -25.15 | -0.78 | 0 | -0.24 | 0 | -0.30 | 0 | 0.44 | 0 | 0.54 | 5.88 | 15.68 | 5930.77 | 121.73 | -7.68 | 29.41 | -54.55 | 70.59 | 100.0 | 0.43 | -5.38 | 11.45 | 25.27 |
| 2019 (6) | -2.42 | 0 | -5.14 | 0 | -14.15 | 0 | 20.09 | -20.24 | -21.89 | 0 | -20.78 | 0 | -23.46 | 0 | -9.68 | 0 | 0.51 | 15.91 | 0.26 | 0 | 131.85 | 12.89 | 64.71 | 0.11 | 35.29 | -0.2 | 0.46 | 0 | 9.14 | -38.16 |
| 2018 (5) | -5.17 | 0 | -29.40 | 0 | -41.23 | 0 | 25.19 | 114.1 | -63.76 | 0 | -67.62 | 0 | -56.05 | 0 | -29.16 | 0 | 0.44 | -45.0 | -36.49 | 0 | 116.80 | 62.47 | 64.63 | 33.34 | 35.37 | -31.23 | 0.00 | 0 | 14.78 | 80.68 |
| 2017 (4) | -2.67 | 0 | -2.95 | 0 | -7.71 | 0 | 11.77 | 26.88 | -15.90 | 0 | -15.95 | 0 | -19.91 | 0 | -12.35 | 0 | 0.80 | -14.89 | -3.47 | 0 | 71.89 | 63.61 | 48.47 | -44.96 | 51.42 | 330.66 | 0.01 | 0 | 8.18 | 10.99 |
| 2016 (3) | -0.85 | 0 | 1.71 | -78.7 | -4.01 | 0 | 9.27 | 25.99 | -4.56 | 0 | -4.00 | 0 | -5.52 | 0 | -3.39 | 0 | 0.94 | -8.74 | 5.27 | -56.94 | 43.94 | -11.75 | 88.06 | 2.53 | 11.94 | -17.16 | 0.00 | 0 | 7.37 | 4.1 |
| 2015 (2) | 1.10 | 66.67 | 8.03 | 17.23 | 3.65 | 110.98 | 7.36 | -5.4 | 4.26 | 66.41 | 4.26 | 59.55 | 6.79 | 51.9 | 4.87 | 50.31 | 1.03 | 9.57 | 12.24 | 7.65 | 49.79 | -17.53 | 85.89 | 26.57 | 14.41 | -55.16 | 0.00 | 0 | 7.08 | -4.58 |
| 2014 (1) | 0.66 | -36.54 | 6.85 | 0 | 1.73 | 0 | 7.78 | -25.68 | 2.56 | 0 | 2.67 | 0 | 4.47 | 0 | 3.24 | 0 | 0.94 | 25.33 | 11.37 | -29.73 | 60.37 | -41.13 | 67.86 | -41.6 | 32.14 | 0 | 0.00 | 0 | 7.42 | -4.87 |
