- 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) | -0.29 | 60.81 | 67.42 | -6.55 | -9.9 | -226.69 | -30.75 | 8.97 | -97.24 | -25.14 | 0.55 | -46.93 | -9.40 | 61.38 | 43.81 | -9.02 | 65.03 | 98.04 | -1.05 | 65.69 | 56.79 | 0.15 | 7.14 | -11.76 | 0.00 | -100.0 | -100.0 | 425.61 | -35.23 | -97.41 | 122.68 | -7.99 | 34.61 | -22.68 | 31.96 | -355.96 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.74 | -396.0 | 50.0 | -5.96 | -100.0 | 49.45 | -33.78 | -20.47 | 0.12 | -25.28 | -464.27 | 25.23 | -24.34 | -418.59 | 30.42 | -25.79 | -327.22 | 85.22 | -3.06 | -309.59 | 26.44 | 0.14 | 0.0 | 7.69 | 1.40 | -95.72 | -53.18 | 657.08 | 4.44 | -95.91 | 133.33 | 133.02 | 33.33 | -33.33 | -106.57 | 0 | 37.40 | 13.09 | 11.24 |
| 24Q1 (18) | 0.25 | 137.88 | 47.06 | -2.98 | -229.57 | 42.8 | -28.04 | -51.9 | 18.06 | 6.94 | 159.67 | 74.37 | 7.64 | 163.72 | 93.42 | 11.35 | 117.45 | -11.47 | 1.46 | 185.88 | 40.38 | 0.14 | -17.65 | 16.67 | 32.71 | 182.47 | -39.79 | 629.14 | -61.81 | -70.66 | -403.85 | -352.4 | 53.4 | 507.69 | 972.6 | -47.48 | 33.07 | 4.72 | -15.55 |
| 23Q4 (17) | -0.66 | 25.84 | 72.03 | 2.30 | -55.51 | 103.8 | -18.46 | -18.41 | 80.64 | -11.63 | 32.03 | 87.4 | -11.99 | 28.33 | 87.2 | -65.06 | 85.88 | 50.38 | -1.70 | 30.04 | 82.69 | 0.17 | 0.0 | 54.55 | 11.58 | 21.0 | 130.62 | 1647.48 | -89.96 | -46.43 | 160.00 | 75.56 | 54.89 | -58.18 | -756.62 | -1664.85 | 31.58 | 7.23 | -26.16 |
| 23Q3 (16) | -0.89 | 39.86 | 47.02 | 5.17 | 143.85 | 122.07 | -15.59 | 53.9 | 74.81 | -17.11 | 49.39 | 69.55 | -16.73 | 52.17 | 71.25 | -460.75 | -164.06 | -993.9 | -2.43 | 41.59 | 60.93 | 0.17 | 30.77 | 54.55 | 9.57 | 220.07 | 31.1 | 16403.10 | 1.99 | 2074.93 | 91.14 | -8.86 | -17.32 | 8.86 | 0 | 186.56 | 29.45 | -12.4 | -32.82 |
| 23Q2 (15) | -1.48 | -970.59 | 38.84 | -11.79 | -126.3 | 73.51 | -33.82 | 1.17 | 67.44 | -33.81 | -949.5 | 67.45 | -34.98 | -985.57 | 67.02 | -174.49 | -1461.08 | -308.07 | -4.16 | -500.0 | 49.58 | 0.13 | 8.33 | 62.5 | 2.99 | -94.5 | 119.4 | 16082.30 | 650.02 | 3777.87 | 100.00 | 111.54 | 0.0 | -0.00 | -100.0 | 0 | 33.62 | -14.15 | -36.54 |
| 23Q1 (14) | 0.17 | 107.2 | 109.6 | -5.21 | 91.39 | 74.67 | -34.22 | 64.12 | 45.3 | 3.98 | 104.31 | 107.9 | 3.95 | 104.22 | 107.91 | 12.82 | 109.78 | 151.08 | 1.04 | 110.59 | 119.96 | 0.12 | 9.09 | 9.09 | 54.33 | 243.65 | 312.53 | 2144.25 | -30.28 | 469.2 | -866.67 | -939.01 | -798.61 | 966.67 | 29422.22 | 4118.57 | 39.16 | -8.44 | -13.93 |
| 22Q4 (13) | -2.36 | -40.48 | 40.7 | -60.49 | -158.17 | -221.93 | -95.37 | -54.12 | -99.27 | -92.28 | -64.23 | -44.01 | -93.64 | -60.92 | -21.06 | -131.12 | -211.3 | -203.66 | -9.82 | -57.88 | 16.35 | 0.11 | 0.0 | -31.25 | -37.82 | -618.08 | -125.25 | 3075.61 | 307.8 | 844.95 | 103.30 | -6.3 | 38.43 | -3.30 | 67.79 | -112.99 | 42.77 | -2.44 | -0.81 |
| 22Q3 (12) | -1.68 | 30.58 | 90.39 | -23.43 | 47.36 | -380.94 | -61.88 | 40.43 | 77.06 | -56.19 | 45.9 | 79.07 | -58.19 | 45.13 | 77.94 | -42.12 | 1.5 | 48.13 | -6.22 | 24.61 | 82.67 | 0.11 | 37.5 | -21.43 | 7.30 | 147.37 | 103.21 | 754.19 | 81.86 | 255.1 | 110.24 | 10.24 | 9.69 | -10.24 | 0 | -1939.2 | 43.84 | -17.25 | 37.69 |
| 22Q2 (11) | -2.42 | -36.72 | -65.75 | -44.51 | -116.38 | -1205.28 | -103.88 | -66.05 | -152.26 | -103.86 | -106.15 | -136.48 | -106.06 | -112.42 | -176.7 | -42.76 | -70.36 | -769.11 | -8.25 | -58.35 | -245.19 | 0.08 | -27.27 | 14.29 | -15.41 | -217.01 | -174.66 | 414.72 | 10.09 | 377.4 | 100.00 | -19.39 | 6.59 | -0.00 | 100.0 | -100.0 | 52.98 | 16.44 | 0.51 |
| 22Q1 (10) | -1.77 | 55.53 | -50.0 | -20.57 | -9.47 | -586.29 | -62.56 | -30.71 | -72.06 | -50.38 | 21.38 | -40.02 | -49.93 | 35.45 | -74.34 | -25.10 | 41.87 | -565.78 | -5.21 | 55.62 | -194.35 | 0.11 | -31.25 | 57.14 | 13.17 | 178.44 | -48.91 | 376.71 | 15.74 | 348.14 | 124.05 | 66.24 | 23.04 | -24.05 | -194.79 | -1848.45 | 45.50 | 5.52 | -3.64 |
| 21Q4 (9) | -3.98 | 77.24 | -975.68 | -18.79 | -325.3 | -198.22 | -47.86 | 82.26 | -1845.53 | -64.08 | 76.13 | -884.33 | -77.35 | 70.68 | -972.82 | -43.18 | 46.83 | -2615.72 | -11.74 | 67.3 | -1959.65 | 0.16 | 14.29 | 33.33 | -16.79 | 92.63 | -158.04 | 325.48 | 53.25 | 273.73 | 74.62 | -25.75 | 99.88 | 25.38 | 5155.69 | -58.62 | 43.12 | 35.43 | 40.46 |
| 21Q3 (8) | -17.49 | -1097.95 | -4264.29 | 8.34 | 344.57 | -72.32 | -269.76 | -555.08 | -2762.98 | -268.45 | -511.22 | -4589.13 | -263.79 | -588.21 | -4940.18 | -81.21 | -1550.61 | -5859.57 | -35.90 | -1402.09 | -3619.61 | 0.14 | 100.0 | 7.69 | -227.72 | -1203.29 | -671.87 | 212.39 | 144.49 | 126.77 | 100.50 | 7.12 | -40.61 | -0.50 | -108.12 | 99.27 | 31.84 | -39.59 | 26.45 |
| 21Q2 (7) | -1.46 | -23.73 | -204.17 | -3.41 | -180.61 | -110.92 | -41.18 | -13.26 | -1076.57 | -43.92 | -22.07 | -675.97 | -38.33 | -33.83 | -354.69 | -4.92 | -30.5 | -213.38 | -2.39 | -35.03 | -291.8 | 0.07 | 0.0 | -30.0 | 20.64 | -19.94 | -44.11 | 86.87 | 3.34 | -2.43 | 93.82 | -6.95 | 50.68 | 6.18 | 600.73 | -83.62 | 52.71 | 11.63 | 0 |
| 21Q1 (6) | -1.18 | -218.92 | -84.37 | 4.23 | -77.89 | -76.76 | -36.36 | -1378.05 | -206.58 | -35.98 | -452.69 | -233.15 | -28.64 | -297.23 | -177.79 | -3.77 | -137.11 | -107.14 | -1.77 | -210.53 | -132.89 | 0.07 | -41.67 | -22.22 | 25.78 | -10.89 | -18.03 | 84.06 | -3.48 | -4.13 | 100.82 | 170.06 | -7.5 | -1.23 | -102.01 | 87.65 | 47.22 | 53.81 | 0 |
| 20Q4 (5) | -0.37 | -188.1 | -123.42 | 19.13 | -36.51 | -40.77 | -2.46 | -124.28 | -120.78 | -6.51 | -208.86 | -162.06 | -7.21 | -232.29 | -166.09 | -1.59 | -212.77 | -141.95 | -0.57 | -155.88 | -126.39 | 0.12 | -7.69 | -33.33 | 28.93 | -27.35 | -11.64 | 87.09 | -7.01 | -6.84 | 37.33 | -77.94 | -66.89 | 61.33 | 188.59 | 580.44 | 30.70 | 21.92 | -24.22 |
| 20Q3 (4) | 0.42 | 187.5 | 0.0 | 30.13 | -3.52 | 0.0 | 10.13 | 389.43 | 0.0 | 5.98 | 205.65 | 0.0 | 5.45 | 164.65 | 0.0 | 1.41 | 189.81 | 0.0 | 1.02 | 267.21 | 0.0 | 0.13 | 30.0 | 0.0 | 39.82 | 7.83 | 0.0 | 93.66 | 5.2 | 0.0 | 169.23 | 171.79 | 0.0 | -69.23 | -283.46 | 0.0 | 25.18 | 0 | 0.0 |
| 20Q2 (3) | -0.48 | 25.0 | 0.0 | 31.23 | 71.59 | 0.0 | -3.50 | 70.49 | 0.0 | -5.66 | 47.59 | 0.0 | -8.43 | 18.23 | 0.0 | -1.57 | 13.74 | 0.0 | -0.61 | 19.74 | 0.0 | 0.10 | 11.11 | 0.0 | 36.93 | 17.42 | 0.0 | 89.03 | 1.54 | 0.0 | 62.26 | -42.88 | 0.0 | 37.74 | 477.36 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.64 | -140.51 | 0.0 | 18.20 | -43.65 | 0.0 | -11.86 | -200.17 | 0.0 | -10.80 | -202.96 | 0.0 | -10.31 | -194.5 | 0.0 | -1.82 | -148.02 | 0.0 | -0.76 | -135.19 | 0.0 | 0.09 | -50.0 | 0.0 | 31.45 | -3.94 | 0.0 | 87.68 | -6.2 | 0.0 | 109.00 | -3.34 | 0.0 | -10.00 | 21.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 1.58 | 0.0 | 0.0 | 32.30 | 0.0 | 0.0 | 11.84 | 0.0 | 0.0 | 10.49 | 0.0 | 0.0 | 10.91 | 0.0 | 0.0 | 3.79 | 0.0 | 0.0 | 2.16 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 32.74 | 0.0 | 0.0 | 93.48 | 0.0 | 0.0 | 112.77 | 0.0 | 0.0 | -12.77 | 0.0 | 0.0 | 40.51 | 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) | -2.84 | 0 | -1.69 | 0 | -24.59 | 0 | 28.33 | -53.16 | -14.44 | 0 | -14.70 | 0 | -188.07 | 0 | -6.53 | 0 | 0.55 | 37.5 | 18.82 | 0 | 1647.48 | -46.43 | 170.37 | 56.99 | -70.37 | 0 | 0.50 | -44.29 | 33.16 | -27.88 |
| 2022 (9) | -8.23 | 0 | -34.93 | 0 | -77.94 | 0 | 60.47 | 30.88 | -71.86 | 0 | -72.96 | 0 | -183.17 | 0 | -27.68 | 0 | 0.40 | -4.76 | -5.33 | 0 | 3075.61 | 844.95 | 108.52 | 12.92 | -8.44 | 0 | 0.90 | 3.26 | 45.98 | 8.91 |
| 2021 (8) | -24.11 | 0 | -2.46 | 0 | -114.75 | 0 | 46.21 | 36.71 | -119.39 | 0 | -119.10 | 0 | -118.76 | 0 | -49.35 | 0 | 0.42 | -2.33 | -67.93 | 0 | 325.48 | 273.73 | 96.10 | 267.17 | 3.87 | -94.81 | 0.88 | -53.8 | 42.22 | 29.07 |
| 2020 (7) | -0.93 | 0 | 24.89 | -22.8 | -0.90 | 0 | 33.80 | 69.65 | -3.47 | 0 | -4.31 | 0 | -3.52 | 0 | -0.91 | 0 | 0.43 | -23.21 | 34.49 | 1.41 | 87.09 | -6.84 | 26.17 | -78.01 | 74.50 | 0 | 1.90 | -7.36 | 32.71 | -9.01 |
| 2019 (6) | 3.28 | -60.39 | 32.24 | -21.65 | 10.72 | -58.58 | 19.92 | 79.24 | 9.02 | -65.0 | 7.64 | -54.95 | 8.44 | -66.67 | 5.29 | -62.46 | 0.56 | -25.33 | 34.01 | -22.4 | 93.48 | -11.22 | 119.05 | 18.57 | -19.05 | 0 | 2.05 | 340.43 | 35.95 | 20.8 |
| 2018 (5) | 8.28 | -21.37 | 41.15 | -4.63 | 25.88 | -8.81 | 11.11 | 6.58 | 25.77 | -6.05 | 16.96 | -18.38 | 25.32 | -33.58 | 14.09 | -32.16 | 0.75 | -21.05 | 43.83 | 5.79 | 105.29 | 13.11 | 100.40 | -2.95 | -0.47 | 0 | 0.46 | 39.64 | 29.76 | 3.15 |
| 2017 (4) | 10.53 | 592.76 | 43.15 | 80.39 | 28.38 | 217.09 | 10.43 | -20.25 | 27.43 | 285.79 | 20.78 | 325.82 | 38.12 | 419.35 | 20.77 | 386.42 | 0.95 | 31.94 | 41.43 | 90.57 | 93.09 | -2.36 | 103.46 | -17.89 | -3.46 | 0 | 0.33 | 0 | 28.85 | -12.34 |
| 2016 (3) | 1.52 | -31.53 | 23.92 | -4.74 | 8.95 | -11.65 | 13.08 | -17.31 | 7.11 | -30.29 | 4.88 | -28.45 | 7.34 | -44.6 | 4.27 | -30.34 | 0.72 | -11.11 | 21.74 | -20.22 | 95.34 | -25.84 | 125.99 | 27.02 | -25.99 | 0 | 0.00 | 0 | 32.91 | 10.03 |
| 2015 (2) | 2.22 | 29.07 | 25.11 | 5.15 | 10.13 | 56.81 | 15.81 | -5.86 | 10.20 | 41.27 | 6.82 | 42.98 | 13.25 | 36.32 | 6.13 | 41.24 | 0.81 | 3.85 | 27.25 | 6.07 | 128.56 | -15.72 | 99.19 | 10.61 | 0.81 | -92.62 | 0.00 | 0 | 29.91 | -0.89 |
| 2014 (1) | 1.72 | 405.88 | 23.88 | 0 | 6.46 | 0 | 16.80 | 63.35 | 7.22 | 0 | 4.77 | 0 | 9.72 | 0 | 4.34 | 0 | 0.78 | -1.27 | 25.69 | 78.4 | 152.54 | -9.86 | 89.68 | -3.05 | 10.97 | 46.24 | 0.00 | 0 | 30.18 | 6.04 |
