- 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) | -0.41 | -4000.0 | -783.33 | 7.01 | 40.2 | 19.83 | -5.24 | -8.04 | -64.26 | -9.26 | -1496.55 | -626.14 | -9.98 | -3464.29 | -802.82 | -2.57 | -3112.5 | -758.97 | -1.30 | -1100.0 | -433.33 | 0.15 | -6.25 | -16.67 | -2.83 | -157.4 | -141.56 | 62.29 | -15.5 | 17.0 | 56.48 | -93.06 | 131.3 | 43.52 | 106.1 | -84.48 | 16.26 | 8.4 | 20.0 |
| 24Q2 (19) | -0.01 | -200.0 | 96.77 | 5.00 | -14.68 | -6.54 | -4.85 | -6.59 | -46.97 | -0.58 | -125.44 | 90.61 | -0.28 | -255.56 | 95.96 | -0.08 | -300.0 | 95.68 | 0.13 | -23.53 | 112.62 | 0.16 | 23.08 | -5.88 | 4.93 | -46.24 | 560.75 | 73.72 | 27.43 | 28.95 | 813.33 | 511.34 | 1410.48 | -713.33 | -341.44 | -1624.38 | 15.00 | -6.77 | 12.19 |
| 24Q1 (18) | 0.01 | 102.33 | 103.33 | 5.86 | 45.05 | 925.35 | -4.55 | 31.99 | 60.81 | 2.28 | 116.53 | 118.89 | 0.18 | 101.62 | 101.73 | 0.04 | 101.49 | 102.13 | 0.17 | 110.56 | 114.78 | 0.13 | -18.75 | 8.33 | 9.17 | 215.49 | 275.67 | 57.85 | 5.51 | -4.11 | -197.73 | -507.24 | -305.05 | 295.45 | 474.29 | 7253.54 | 16.09 | 4.21 | -2.6 |
| 23Q4 (17) | -0.43 | -816.67 | -152.94 | 4.04 | -30.94 | 8.31 | -6.69 | -109.72 | -48.34 | -13.79 | -883.52 | -70.25 | -11.08 | -880.28 | -81.05 | -2.68 | -787.18 | -157.69 | -1.61 | -512.82 | -147.69 | 0.16 | -11.11 | 23.08 | -7.94 | -216.59 | -545.53 | 54.83 | 2.99 | 46.92 | 48.55 | 126.91 | -12.14 | 51.45 | -81.65 | 16.72 | 15.44 | 13.95 | 7.45 |
| 23Q3 (16) | 0.06 | 119.35 | -83.33 | 5.85 | 9.35 | 25.27 | -3.19 | 3.33 | 42.0 | 1.76 | 128.48 | -87.48 | 1.42 | 120.49 | -88.72 | 0.39 | 121.08 | -82.43 | 0.39 | 137.86 | -75.16 | 0.18 | 5.88 | 50.0 | 6.81 | 736.45 | -67.26 | 53.24 | -6.87 | 79.2 | -180.43 | -435.09 | -360.54 | 280.43 | 499.29 | 102.03 | 13.55 | 1.35 | -33.05 |
| 23Q2 (15) | -0.31 | -3.33 | -196.88 | 5.35 | 853.52 | -54.39 | -3.30 | 71.58 | -172.05 | -6.18 | 48.8 | -181.1 | -6.93 | 33.3 | -194.29 | -1.85 | 1.6 | -190.69 | -1.03 | 10.43 | -176.3 | 0.17 | 41.67 | 0.0 | -1.07 | 79.5 | -108.98 | 57.17 | -5.24 | -26.38 | 53.85 | -44.16 | -10.66 | 46.79 | 1064.67 | 17.78 | 13.37 | -19.07 | -0.52 |
| 23Q1 (14) | -0.30 | -76.47 | -266.67 | -0.71 | -119.03 | -107.22 | -11.61 | -157.43 | -557.09 | -12.07 | -49.01 | -373.7 | -10.39 | -69.77 | -338.3 | -1.88 | -80.77 | -263.48 | -1.15 | -76.92 | -232.18 | 0.12 | -7.69 | -29.41 | -5.22 | -324.39 | -159.12 | 60.33 | 61.66 | 17.49 | 96.43 | 74.49 | 67.05 | 4.02 | -90.88 | -90.5 | 16.52 | 14.96 | 22.19 |
| 22Q4 (13) | -0.17 | -147.22 | -383.33 | 3.73 | -20.13 | -60.53 | -4.51 | 18.0 | -408.9 | -8.10 | -157.61 | -469.86 | -6.12 | -148.61 | -508.0 | -1.04 | -146.85 | -360.0 | -0.65 | -141.4 | -262.5 | 0.13 | 8.33 | -27.78 | -1.23 | -105.91 | -118.64 | 37.32 | 25.61 | -25.83 | 55.26 | 241.05 | -16.43 | 44.08 | -68.24 | 30.14 | 14.37 | -29.0 | 5.97 |
| 22Q3 (12) | 0.36 | 12.5 | -2.7 | 4.67 | -60.19 | -52.68 | -5.50 | -220.09 | -279.15 | 14.06 | 84.51 | 48.78 | 12.59 | 71.29 | 44.71 | 2.22 | 8.82 | -6.72 | 1.57 | 16.3 | -6.55 | 0.12 | -29.41 | -33.33 | 20.80 | 74.64 | 53.62 | 29.71 | -61.74 | -41.03 | -39.18 | -165.01 | -220.24 | 138.81 | 249.35 | 105.9 | 20.24 | 50.6 | 61.27 |
| 22Q2 (11) | 0.32 | 77.78 | -5.88 | 11.73 | 19.33 | 45.53 | 4.58 | 80.31 | 102.65 | 7.62 | 72.79 | -12.71 | 7.35 | 68.58 | -10.8 | 2.04 | 77.39 | -9.33 | 1.35 | 55.17 | -15.09 | 0.17 | 0.0 | -5.56 | 11.91 | 34.88 | -7.32 | 77.66 | 51.24 | 57.94 | 60.27 | 4.41 | 133.29 | 39.73 | -6.02 | -46.43 | 13.44 | -0.59 | 8.13 |
| 22Q1 (10) | 0.18 | 200.0 | -51.35 | 9.83 | 4.02 | 89.77 | 2.54 | 73.97 | 775.86 | 4.41 | 101.37 | -53.87 | 4.36 | 190.67 | -51.93 | 1.15 | 187.5 | -54.72 | 0.87 | 117.5 | -50.85 | 0.17 | -5.56 | -10.53 | 8.83 | 33.79 | -35.36 | 51.35 | 2.05 | 1.97 | 57.72 | -12.71 | 1797.66 | 42.28 | 24.82 | -56.4 | 13.52 | -0.29 | 19.01 |
| 21Q4 (9) | 0.06 | -83.78 | -68.42 | 9.45 | -4.26 | 49.29 | 1.46 | -52.44 | 1023.08 | 2.19 | -76.83 | -51.33 | 1.50 | -82.76 | -66.67 | 0.40 | -83.19 | -69.47 | 0.40 | -76.19 | -57.89 | 0.18 | 0.0 | -5.26 | 6.60 | -51.26 | -24.4 | 50.32 | -0.12 | -2.2 | 66.13 | 102.95 | 1950.0 | 33.87 | -49.76 | -65.29 | 13.56 | 8.05 | -22.91 |
| 21Q3 (8) | 0.37 | 8.82 | 3600.0 | 9.87 | 22.46 | 122.8 | 3.07 | 35.84 | 274.43 | 9.45 | 8.25 | 7775.0 | 8.70 | 5.58 | 7150.0 | 2.38 | 5.78 | 7833.33 | 1.68 | 5.66 | 1300.0 | 0.18 | 0.0 | 5.88 | 13.54 | 5.37 | 147.08 | 50.38 | 2.46 | 6.62 | 32.58 | 26.13 | 102.33 | 67.42 | -9.1 | -95.51 | 12.55 | 0.97 | 16.2 |
| 21Q2 (7) | 0.34 | -8.11 | 3500.0 | 8.06 | 55.6 | 116.67 | 2.26 | 679.31 | 223.5 | 8.73 | -8.68 | 2745.45 | 8.24 | -9.15 | 2388.89 | 2.25 | -11.42 | 2600.0 | 1.59 | -10.17 | 3080.0 | 0.18 | -5.26 | 5.88 | 12.85 | -5.93 | 142.45 | 49.17 | -2.36 | 5.56 | 25.83 | 749.27 | -95.19 | 74.17 | -23.51 | 116.95 | 12.43 | 9.42 | 0 |
| 21Q1 (6) | 0.37 | 94.74 | 219.35 | 5.18 | -18.17 | 267.1 | 0.29 | 123.08 | 103.01 | 9.56 | 112.44 | 188.77 | 9.07 | 101.56 | 184.22 | 2.54 | 93.89 | 215.45 | 1.77 | 86.32 | 225.53 | 0.19 | 0.0 | 35.71 | 13.66 | 56.47 | 441.5 | 50.36 | -2.12 | 10.1 | 3.04 | -5.7 | -96.6 | 96.96 | -0.64 | 825.51 | 11.36 | -35.42 | 0 |
| 20Q4 (5) | 0.19 | 1800.0 | 371.43 | 6.33 | 42.89 | 84.55 | 0.13 | 107.39 | 103.27 | 4.50 | 3650.0 | 428.47 | 4.50 | 3650.0 | 438.35 | 1.31 | 4266.67 | 404.65 | 0.95 | 691.67 | 691.67 | 0.19 | 11.76 | 0.0 | 8.73 | 59.31 | 17.5 | 51.45 | 8.89 | 9.68 | 3.23 | 100.23 | -98.89 | 97.58 | -93.49 | 151.31 | 17.59 | 62.87 | 0 |
| 20Q3 (4) | 0.01 | 200.0 | 0.0 | 4.43 | 19.09 | 0.0 | -1.76 | 3.83 | 0.0 | 0.12 | 136.36 | 0.0 | 0.12 | 133.33 | 0.0 | 0.03 | 133.33 | 0.0 | 0.12 | 140.0 | 0.0 | 0.17 | 0.0 | 0.0 | 5.48 | 3.4 | 0.0 | 47.25 | 1.44 | 0.0 | -1400.00 | -360.47 | 0.0 | 1500.00 | 442.86 | 0.0 | 10.80 | 0 | 0.0 |
| 20Q2 (3) | -0.01 | 96.77 | 0.0 | 3.72 | 220.0 | 0.0 | -1.83 | 81.02 | 0.0 | -0.33 | 96.94 | 0.0 | -0.36 | 96.66 | 0.0 | -0.09 | 95.91 | 0.0 | 0.05 | 103.55 | 0.0 | 0.17 | 21.43 | 0.0 | 5.30 | 232.5 | 0.0 | 46.58 | 1.84 | 0.0 | 537.50 | 500.4 | 0.0 | -437.50 | -4276.14 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.31 | -342.86 | 0.0 | -3.10 | -190.38 | 0.0 | -9.64 | -142.21 | 0.0 | -10.77 | -686.13 | 0.0 | -10.77 | -709.77 | 0.0 | -2.20 | -411.63 | 0.0 | -1.41 | -1275.0 | 0.0 | 0.14 | -26.32 | 0.0 | -4.00 | -153.84 | 0.0 | 45.74 | -2.49 | 0.0 | 89.52 | -69.15 | 0.0 | 10.48 | 105.51 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.07 | 0.0 | 0.0 | 3.43 | 0.0 | 0.0 | -3.98 | 0.0 | 0.0 | -1.37 | 0.0 | 0.0 | -1.33 | 0.0 | 0.0 | -0.43 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 7.43 | 0.0 | 0.0 | 46.91 | 0.0 | 0.0 | 290.20 | 0.0 | 0.0 | -190.20 | 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) | -0.99 | 0 | 3.95 | -51.71 | -5.77 | 0 | 4.48 | 5.38 | -6.99 | 0 | -6.29 | 0 | -5.77 | 0 | -3.45 | 0 | 0.63 | 1.61 | -1.37 | 0 | 54.83 | 46.92 | 82.64 | 2291.27 | 17.52 | -81.85 | 0.08 | -2.84 | 14.56 | -3.0 |
| 2022 (9) | 0.69 | -40.0 | 8.18 | 0.25 | 0.17 | -90.45 | 4.25 | 24.6 | 4.87 | -34.72 | 4.86 | -29.05 | 4.31 | -43.29 | 3.48 | -35.91 | 0.62 | -15.07 | 10.20 | -12.37 | 37.32 | -25.83 | 3.46 | -85.5 | 96.54 | 26.74 | 0.08 | -3.53 | 15.01 | 20.18 |
| 2021 (8) | 1.15 | 0 | 8.16 | 151.08 | 1.78 | 0 | 3.41 | -24.59 | 7.46 | 0 | 6.85 | 0 | 7.60 | 0 | 5.43 | 0 | 0.73 | 10.61 | 11.64 | 163.35 | 50.32 | -2.2 | 23.83 | -91.97 | 76.17 | 0 | 0.08 | 33.69 | 12.49 | -2.12 |
| 2020 (7) | -0.13 | 0 | 3.25 | -14.92 | -2.85 | 0 | 4.53 | -30.43 | -0.96 | 0 | -0.97 | 0 | -0.95 | 0 | -0.26 | 0 | 0.66 | -8.33 | 4.42 | 8.07 | 51.45 | 9.68 | 296.70 | 387.25 | -196.70 | 0 | 0.06 | -72.57 | 12.76 | 10.48 |
| 2019 (6) | -1.03 | 0 | 3.82 | -13.18 | -3.02 | 0 | 6.51 | -24.22 | -4.96 | 0 | -5.10 | 0 | -6.37 | 0 | -2.39 | 0 | 0.72 | 44.0 | 4.09 | 42.01 | 46.91 | -49.01 | 60.89 | 7.64 | 39.11 | -9.95 | 0.23 | -33.17 | 11.55 | -8.11 |
| 2018 (5) | -0.98 | 0 | 4.40 | 0 | -4.75 | 0 | 8.58 | -12.4 | -8.40 | 0 | -8.21 | 0 | -7.63 | 0 | -3.22 | 0 | 0.50 | 11.11 | 2.88 | 0 | 91.99 | 20.04 | 56.57 | -43.02 | 43.43 | 5991.01 | 0.34 | -17.68 | 12.57 | -27.47 |
| 2017 (4) | -2.18 | 0 | -7.58 | 0 | -16.92 | 0 | 9.80 | 22.48 | -17.04 | 0 | -15.69 | 0 | -11.80 | 0 | -6.56 | 0 | 0.45 | -16.67 | -5.55 | 0 | 76.63 | 31.01 | 99.29 | -4.61 | 0.71 | 0 | 0.41 | 0 | 17.33 | 17.81 |
| 2016 (3) | -2.88 | 0 | -7.68 | 0 | -15.48 | 0 | 8.00 | -3.79 | -14.88 | 0 | -14.30 | 0 | -11.44 | 0 | -7.68 | 0 | 0.54 | -23.94 | -6.53 | 0 | 58.49 | 58.55 | 104.08 | 31.38 | -4.08 | 0 | 0.00 | 0 | 14.71 | 25.62 |
| 2015 (2) | 2.03 | -53.44 | 14.03 | -23.42 | 8.49 | -38.39 | 8.32 | 27.71 | 10.72 | -36.57 | 8.21 | -42.02 | 8.03 | -56.69 | 5.99 | -55.63 | 0.71 | -24.47 | 19.39 | -18.53 | 36.89 | 0.46 | 79.22 | -2.86 | 20.78 | 12.64 | 0.00 | 0 | 11.71 | 36.32 |
| 2014 (1) | 4.36 | -12.45 | 18.32 | 0 | 13.78 | 0 | 6.51 | 6.26 | 16.90 | 0 | 14.16 | 0 | 18.54 | 0 | 13.50 | 0 | 0.94 | -11.32 | 23.80 | 9.73 | 36.72 | -16.43 | 81.56 | -7.69 | 18.44 | 58.29 | 0.00 | 0 | 8.59 | 10.98 |
