- 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) | 0.98 | -1.01 | -21.6 | 18.33 | -7.52 | -12.13 | 14.87 | -3.82 | -12.17 | 14.58 | -16.97 | -22.2 | 14.58 | -16.21 | -22.2 | 4.43 | -5.94 | -55.43 | 3.68 | -6.84 | -51.0 | 0.25 | 8.7 | -37.5 | 16.38 | -17.48 | -23.74 | 21.39 | 9.41 | -36.72 | 102.17 | 16.18 | 13.15 | -2.17 | -118.03 | -122.42 | 8.92 | -13.98 | -12.2 |
| 24Q2 (19) | 0.99 | 33.78 | 59.68 | 19.82 | 9.56 | 3.77 | 15.46 | 23.19 | 11.22 | 17.56 | 10.72 | 23.66 | 17.40 | 9.71 | 22.54 | 4.71 | 33.81 | -11.63 | 3.95 | 31.67 | -3.66 | 0.23 | 21.05 | -20.69 | 19.85 | 5.03 | 9.25 | 19.55 | 2.25 | -39.12 | 87.94 | 11.54 | -9.86 | 12.06 | -43.0 | 394.33 | 10.37 | -19.86 | -23.07 |
| 24Q1 (18) | 0.74 | -36.75 | 146.67 | 18.09 | -11.93 | 22.4 | 12.55 | -26.52 | 49.58 | 15.86 | 3.39 | 92.24 | 15.86 | 3.39 | 92.24 | 3.52 | -45.85 | 27.54 | 3.00 | -43.82 | 45.63 | 0.19 | -45.71 | -20.83 | 18.90 | 4.54 | 39.48 | 19.12 | 19.87 | -37.8 | 78.85 | -29.36 | -23.08 | 21.15 | 282.16 | 946.15 | 12.94 | 64.63 | -17.0 |
| 23Q4 (17) | 1.17 | -6.4 | 69.57 | 20.54 | -1.53 | -31.3 | 17.08 | 0.89 | -26.73 | 15.34 | -18.14 | -19.56 | 15.34 | -18.14 | -19.56 | 6.50 | -34.61 | -0.91 | 5.34 | -28.89 | 17.88 | 0.35 | -12.5 | 52.17 | 18.08 | -15.83 | -28.14 | 15.95 | -52.81 | -65.52 | 111.61 | 23.6 | -8.5 | -11.61 | -219.76 | 47.16 | 7.86 | -22.64 | -53.46 |
| 23Q3 (16) | 1.25 | 101.61 | 68.92 | 20.86 | 9.21 | -37.07 | 16.93 | 21.8 | -33.24 | 18.74 | 31.97 | -34.66 | 18.74 | 31.97 | -34.66 | 9.94 | 86.49 | 35.42 | 7.51 | 83.17 | 53.27 | 0.40 | 37.93 | 135.29 | 21.48 | 18.22 | -42.61 | 33.80 | 5.26 | -30.74 | 90.30 | -7.44 | 1.72 | 9.70 | 297.58 | -13.61 | 10.16 | -24.63 | -50.37 |
| 23Q2 (15) | 0.62 | 106.67 | -1.59 | 19.10 | 29.23 | -49.22 | 13.90 | 65.67 | -48.54 | 14.20 | 72.12 | -49.56 | 14.20 | 72.12 | -49.56 | 5.33 | 93.12 | -18.38 | 4.10 | 99.03 | -6.18 | 0.29 | 20.83 | 93.33 | 18.17 | 34.1 | -52.41 | 32.11 | 4.46 | -43.43 | 97.56 | -4.82 | 1.22 | 2.44 | 197.56 | -32.52 | 13.48 | -13.53 | -40.56 |
| 23Q1 (14) | 0.30 | -56.52 | 3100.0 | 14.78 | -50.57 | 2.71 | 8.39 | -64.01 | 471.24 | 8.25 | -56.74 | 1037.5 | 8.25 | -56.74 | 1037.5 | 2.76 | -57.93 | 2071.43 | 2.06 | -54.53 | 5250.0 | 0.24 | 4.35 | 118.18 | 13.55 | -46.14 | -1.74 | 30.74 | -33.55 | -33.94 | 102.50 | -15.97 | -59.0 | -2.50 | 88.62 | 98.33 | 15.59 | -7.7 | -53.79 |
| 22Q4 (13) | 0.69 | -6.76 | 190.79 | 29.90 | -9.8 | 578.0 | 23.31 | -8.08 | 291.85 | 19.07 | -33.51 | 141.37 | 19.07 | -33.51 | 141.37 | 6.56 | -10.63 | 192.79 | 4.53 | -7.55 | 195.57 | 0.23 | 35.29 | 130.0 | 25.16 | -32.78 | 185.06 | 46.26 | -5.2 | 0.94 | 121.98 | 37.4 | 359.76 | -21.98 | -295.8 | -129.91 | 16.89 | -17.49 | -43.09 |
| 22Q3 (12) | 0.74 | 17.46 | 239.62 | 33.15 | -11.86 | 730.23 | 25.36 | -6.11 | 183.07 | 28.68 | 1.88 | 182.34 | 28.68 | 1.88 | 182.34 | 7.34 | 12.4 | 254.53 | 4.90 | 12.13 | 257.56 | 0.17 | 13.33 | 88.89 | 37.43 | -1.96 | 322.4 | 48.80 | -14.02 | -0.55 | 88.78 | -7.9 | 0.23 | 11.22 | 210.54 | -12.7 | 20.47 | -9.74 | -54.29 |
| 22Q2 (11) | 0.63 | 6400.0 | 290.91 | 37.61 | 161.36 | 1101.6 | 27.01 | 1295.13 | 275.62 | 28.15 | 3298.86 | 274.84 | 28.15 | 3298.86 | 274.84 | 6.53 | 4764.29 | 311.33 | 4.37 | 11025.0 | 327.6 | 0.15 | 36.36 | 25.0 | 38.18 | 176.87 | 2141.71 | 56.76 | 21.99 | 12.28 | 96.39 | -61.45 | 1.09 | 3.61 | 102.41 | -22.29 | 22.68 | -32.78 | -35.53 |
| 22Q1 (10) | -0.01 | 98.68 | 98.39 | 14.39 | 226.3 | 207.71 | -2.26 | 81.4 | 94.6 | -0.88 | 98.09 | 97.8 | -0.88 | 98.09 | 97.8 | -0.14 | 98.02 | 97.47 | -0.04 | 99.16 | 98.83 | 0.11 | 10.0 | 22.22 | 13.79 | 146.62 | 174.62 | 46.53 | 1.53 | -22.14 | 250.00 | 842.31 | 137.01 | -150.00 | -304.17 | -3550.0 | 33.74 | 13.68 | -38.02 |
| 21Q4 (9) | -0.76 | -43.4 | -20.63 | 4.41 | 183.84 | 177.23 | -12.15 | 60.2 | 52.74 | -46.10 | -32.36 | -60.8 | -46.10 | -32.36 | -60.8 | -7.07 | -48.84 | -24.04 | -4.74 | -52.41 | -37.39 | 0.10 | 11.11 | -16.67 | -29.58 | -75.76 | -127.01 | 45.83 | -6.6 | -18.32 | 26.53 | -70.05 | -70.3 | 73.47 | 471.43 | 588.78 | 29.68 | -33.72 | -20.56 |
| 21Q3 (8) | -0.53 | -60.61 | -140.91 | -5.26 | -268.05 | -196.69 | -30.53 | -98.5 | -149.22 | -34.83 | -116.34 | -302.66 | -34.83 | -116.34 | -302.66 | -4.75 | -53.72 | -127.27 | -3.11 | -61.98 | -168.1 | 0.09 | -25.0 | -35.71 | -16.83 | -800.0 | -419.96 | 49.07 | -2.93 | -27.4 | 88.57 | -7.11 | -37.76 | 12.86 | 176.43 | 130.39 | 44.78 | 27.29 | 29.16 |
| 21Q2 (7) | -0.33 | 46.77 | -148.53 | 3.13 | 123.43 | -77.74 | -15.38 | 63.28 | -589.69 | -16.10 | 59.75 | -169.37 | -16.10 | 59.75 | -169.37 | -3.09 | 44.12 | -148.36 | -1.92 | 44.02 | -149.74 | 0.12 | 33.33 | -25.0 | -1.87 | 89.88 | -105.11 | 50.55 | -15.41 | -27.55 | 95.35 | -9.6 | 1053.49 | 4.65 | 213.18 | -95.77 | 35.18 | -35.38 | 0 |
| 21Q1 (6) | -0.62 | 1.59 | -6.9 | -13.36 | -133.98 | -882.35 | -41.89 | -62.93 | -89.38 | -40.00 | -39.52 | -51.4 | -40.00 | -39.52 | -51.4 | -5.53 | 2.98 | -3.75 | -3.43 | 0.58 | -15.1 | 0.09 | -25.0 | -25.0 | -18.48 | -41.83 | -149.06 | 59.76 | 6.51 | -12.17 | 105.48 | 18.07 | 25.84 | -4.11 | -138.53 | -125.4 | 54.44 | 45.72 | 0 |
| 20Q4 (5) | -0.63 | -186.36 | -5.0 | -5.71 | -204.96 | -688.66 | -25.71 | -109.88 | -23.49 | -28.67 | -231.45 | -37.7 | -28.67 | -231.45 | -37.7 | -5.70 | -172.73 | -8.78 | -3.45 | -197.41 | -29.7 | 0.12 | -14.29 | -7.69 | -13.03 | -347.72 | -222.52 | 56.11 | -16.98 | -29.42 | 89.33 | -37.23 | -10.67 | 10.67 | 125.21 | 0 | 37.36 | 7.76 | 20.79 |
| 20Q3 (4) | -0.22 | -132.35 | 0.0 | 5.44 | -61.31 | 0.0 | -12.25 | -449.33 | 0.0 | -8.65 | -137.27 | 0.0 | -8.65 | -137.27 | 0.0 | -2.09 | -132.71 | 0.0 | -1.16 | -130.05 | 0.0 | 0.14 | -12.5 | 0.0 | 5.26 | -85.63 | 0.0 | 67.59 | -3.12 | 0.0 | 142.31 | 1523.08 | 0.0 | -42.31 | -138.46 | 0.0 | 34.67 | 0 | 0.0 |
| 20Q2 (3) | 0.68 | 217.24 | 0.0 | 14.06 | 1133.82 | 0.0 | -2.23 | 89.92 | 0.0 | 23.21 | 187.85 | 0.0 | 23.21 | 187.85 | 0.0 | 6.39 | 219.89 | 0.0 | 3.86 | 229.53 | 0.0 | 0.16 | 33.33 | 0.0 | 36.60 | 593.26 | 0.0 | 69.77 | 2.54 | 0.0 | -10.00 | -111.93 | 0.0 | 110.00 | 580.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.58 | 3.33 | 0.0 | -1.36 | -240.21 | 0.0 | -22.12 | -6.24 | 0.0 | -26.42 | -26.9 | 0.0 | -26.42 | -26.9 | 0.0 | -5.33 | -1.72 | 0.0 | -2.98 | -12.03 | 0.0 | 0.12 | -7.69 | 0.0 | -7.42 | -83.66 | 0.0 | 68.04 | -14.42 | 0.0 | 83.82 | -16.18 | 0.0 | 16.18 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.60 | 0.0 | 0.0 | 0.97 | 0.0 | 0.0 | -20.82 | 0.0 | 0.0 | -20.82 | 0.0 | 0.0 | -20.82 | 0.0 | 0.0 | -5.24 | 0.0 | 0.0 | -2.66 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | -4.04 | 0.0 | 0.0 | 79.50 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 30.93 | 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) | 3.34 | 62.93 | 19.41 | -35.49 | 14.98 | -27.77 | 3.18 | -61.16 | 14.96 | -27.17 | 14.96 | -27.17 | 19.87 | 1.02 | 15.95 | 16.0 | 1.06 | 60.61 | 18.37 | -37.71 | 15.95 | -65.52 | 100.23 | -0.87 | -0.23 | 0 | 0.03 | -41.11 | 10.92 | -49.7 |
| 2022 (9) | 2.05 | 0 | 30.09 | 0 | 20.74 | 0 | 8.19 | -48.24 | 20.54 | 0 | 20.54 | 0 | 19.67 | 0 | 13.75 | 0 | 0.66 | 57.14 | 29.49 | 0 | 46.26 | 0.94 | 101.11 | 39.88 | -1.11 | 0 | 0.05 | -5.98 | 21.71 | -45.93 |
| 2021 (8) | -2.22 | 0 | -2.01 | 0 | -23.74 | 0 | 15.82 | 14.67 | -32.91 | 0 | -32.91 | 0 | -20.90 | 0 | -13.56 | 0 | 0.42 | -19.23 | -15.82 | 0 | 45.83 | -18.32 | 72.28 | -62.36 | 27.72 | 0 | 0.05 | 11.34 | 40.15 | 14.35 |
| 2020 (7) | -0.75 | 0 | 4.02 | 26.81 | -14.45 | 0 | 13.80 | -8.79 | -7.56 | 0 | -7.56 | 0 | -6.55 | 0 | -3.61 | 0 | 0.52 | 1.96 | 7.63 | 0 | 56.11 | -29.42 | 192.05 | 77.54 | -90.91 | 0 | 0.05 | 7.6 | 35.11 | 8.53 |
| 2019 (6) | -2.02 | 0 | 3.17 | 0 | -18.86 | 0 | 15.13 | 19.52 | -17.45 | 0 | -17.45 | 0 | -17.04 | 0 | -8.43 | 0 | 0.51 | -12.07 | -0.34 | 0 | 79.50 | -23.43 | 108.17 | 8.33 | -8.17 | 0 | 0.04 | -75.18 | 32.35 | 20.8 |
| 2018 (5) | -6.95 | 0 | -29.30 | 0 | -45.48 | 0 | 12.66 | 3.42 | -45.55 | 0 | -45.57 | 0 | -52.98 | 0 | -25.88 | 0 | 0.58 | 11.54 | -30.95 | 0 | 103.82 | 4.22 | 99.86 | 10.27 | 0.14 | -98.5 | 0.17 | 0 | 26.78 | 5.18 |
| 2017 (4) | -8.05 | 0 | -13.66 | 0 | -35.07 | 0 | 12.24 | 77.09 | -38.77 | 0 | -39.53 | 0 | -42.37 | 0 | -20.16 | 0 | 0.52 | -24.64 | -23.34 | 0 | 99.62 | -8.17 | 90.56 | 43.83 | 9.60 | -74.09 | 0.00 | 0 | 25.46 | 33.09 |
| 2016 (3) | -1.56 | 0 | 11.29 | -53.92 | -2.70 | 0 | 6.91 | 127.49 | -4.29 | 0 | -4.56 | 0 | -6.36 | 0 | -2.74 | 0 | 0.69 | -44.35 | 5.12 | -74.27 | 108.48 | 9.93 | 62.96 | -32.86 | 37.04 | 510.19 | 0.00 | 0 | 19.13 | 26.94 |
| 2015 (2) | 7.36 | 125.77 | 24.50 | 40.16 | 14.79 | 79.27 | 3.04 | -1.52 | 15.75 | 76.77 | 12.97 | 80.39 | 31.41 | 97.3 | 16.32 | 87.8 | 1.24 | 5.98 | 19.90 | 51.1 | 98.68 | 8.63 | 93.78 | 1.31 | 6.07 | -18.36 | 0.00 | 0 | 15.07 | 2.87 |
| 2014 (1) | 3.26 | 59.8 | 17.48 | 0 | 8.25 | 0 | 3.08 | -14.94 | 8.91 | 0 | 7.19 | 0 | 15.92 | 0 | 8.69 | 0 | 1.17 | 21.87 | 13.17 | 11.14 | 90.84 | 6.01 | 92.57 | 1.76 | 7.43 | -23.17 | 0.00 | 0 | 14.65 | -3.24 |
