- 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) | -0.92 | -1740.0 | -557.14 | -15.33 | -2200.0 | -313.21 | -20.49 | -522.8 | -177.64 | -22.19 | -2164.29 | -727.99 | -17.75 | -2146.84 | -745.24 | -5.85 | -1672.73 | -604.82 | -4.55 | -1795.83 | -622.22 | 0.26 | -21.21 | -16.13 | -19.10 | -1558.02 | -8781.82 | 31.18 | 25.83 | 14.89 | 92.41 | -72.28 | -66.4 | 7.59 | 103.25 | 104.34 | 9.50 | 37.68 | 42.86 |
| 24Q2 (19) | -0.05 | 66.67 | 82.14 | 0.73 | 121.41 | 127.24 | -3.29 | 65.98 | 47.28 | -0.98 | 70.21 | 79.01 | -0.79 | 69.96 | 81.06 | -0.33 | 64.89 | 80.47 | -0.24 | 66.67 | 81.68 | 0.33 | 17.86 | 3.13 | 1.31 | 356.86 | 157.96 | 24.78 | -2.59 | -4.25 | 333.33 | 14.04 | 147.13 | -233.33 | -21.33 | -568.89 | 6.90 | -13.21 | 0.73 |
| 24Q1 (18) | -0.15 | 73.68 | -850.0 | -3.41 | -15.2 | -172.09 | -9.67 | -36.2 | -4129.17 | -3.29 | 72.83 | -1234.48 | -2.63 | 71.81 | -1243.48 | -0.94 | 73.3 | -1144.44 | -0.72 | 73.82 | -1000.0 | 0.28 | -6.67 | -6.67 | -0.51 | 94.51 | -119.03 | 25.44 | -4.9 | -11.51 | 292.31 | 396.92 | 338.46 | -192.31 | -567.03 | 0 | 7.95 | 21.0 | -0.38 |
| 23Q4 (17) | -0.57 | -307.14 | -256.25 | -2.96 | 20.22 | -191.93 | -7.10 | 3.79 | -602.97 | -12.11 | -351.87 | -255.13 | -9.33 | -344.29 | -314.67 | -3.52 | -324.1 | -286.81 | -2.75 | -336.51 | -292.86 | 0.30 | -3.23 | -6.25 | -9.29 | -4322.73 | -714.91 | 26.75 | -1.44 | -10.95 | 58.82 | -78.61 | 94.12 | 41.18 | 123.53 | -40.92 | 6.57 | -1.2 | -4.09 |
| 23Q3 (16) | -0.14 | 50.0 | -566.67 | -3.71 | -38.43 | -27.93 | -7.38 | -18.27 | -6.49 | -2.68 | 42.61 | -525.4 | -2.10 | 49.64 | -520.0 | -0.83 | 50.89 | -536.84 | -0.63 | 51.91 | -493.75 | 0.31 | -3.13 | 10.71 | 0.22 | 109.73 | -93.02 | 27.14 | 4.87 | 6.51 | 275.00 | 103.88 | 126.61 | -175.00 | -401.67 | -115.67 | 6.65 | -2.92 | -1.34 |
| 23Q2 (15) | -0.28 | -1500.0 | -156.0 | -2.68 | -156.66 | -127.4 | -6.24 | -2700.0 | -198.27 | -4.67 | -1710.34 | -147.51 | -4.17 | -1913.04 | -164.65 | -1.69 | -1977.78 | -161.23 | -1.31 | -1737.5 | -162.09 | 0.32 | 6.67 | 0.0 | -2.26 | -184.33 | -119.07 | 25.88 | -9.98 | -28.71 | 134.88 | 102.33 | 111.38 | -34.88 | 0 | -198.99 | 6.85 | -14.16 | 4.9 |
| 23Q1 (14) | 0.02 | 112.5 | -98.18 | 4.73 | 46.89 | -69.64 | 0.24 | 123.76 | -98.03 | 0.29 | 108.5 | -98.27 | 0.23 | 110.22 | -98.28 | 0.09 | 109.89 | -98.51 | 0.08 | 111.43 | -98.3 | 0.30 | -6.25 | -14.29 | 2.68 | 335.09 | -85.64 | 28.75 | -4.29 | 3.75 | 66.67 | 120.0 | -8.21 | 0.00 | -100.0 | -100.0 | 7.98 | 16.5 | 19.46 |
| 22Q4 (13) | -0.16 | -633.33 | -117.02 | 3.22 | 211.03 | -83.55 | -1.01 | 85.43 | -106.45 | -3.41 | -641.27 | -121.97 | -2.25 | -550.0 | -118.26 | -0.91 | -578.95 | -115.22 | -0.70 | -537.5 | -115.91 | 0.32 | 14.29 | -11.11 | -1.14 | -136.19 | -106.55 | 30.04 | 17.9 | -3.87 | 30.30 | 102.93 | -69.87 | 69.70 | -93.76 | 6268.18 | 6.85 | 1.63 | -14.16 |
| 22Q3 (12) | 0.03 | -94.0 | -97.17 | -2.90 | -129.65 | -114.98 | -6.93 | -209.13 | -142.67 | 0.63 | -93.59 | -96.21 | 0.50 | -92.25 | -96.24 | 0.19 | -93.12 | -97.45 | 0.16 | -92.42 | -96.97 | 0.28 | -12.5 | -30.0 | 3.15 | -73.42 | -82.96 | 25.48 | -29.81 | -39.12 | -1033.33 | -1719.4 | -1159.43 | 1116.67 | 3068.92 | 45236.67 | 6.74 | 3.22 | 2.28 |
| 22Q2 (11) | 0.50 | -54.55 | -53.27 | 9.78 | -37.23 | -55.3 | 6.35 | -47.78 | -66.61 | 9.83 | -41.35 | -44.27 | 6.45 | -51.9 | -54.29 | 2.76 | -54.46 | -64.02 | 2.11 | -55.11 | -63.81 | 0.32 | -8.57 | -21.95 | 11.85 | -36.5 | -40.03 | 36.30 | 31.0 | -12.76 | 63.81 | -12.15 | -40.83 | 35.24 | 28.75 | 549.29 | 6.53 | -2.25 | 4.48 |
| 22Q1 (10) | 1.10 | 17.02 | 71.88 | 15.58 | -20.43 | -0.45 | 12.16 | -22.35 | -1.78 | 16.76 | 7.99 | 31.86 | 13.41 | 8.85 | 31.86 | 6.06 | 1.34 | 30.04 | 4.70 | 6.82 | 22.72 | 0.35 | -2.78 | -5.41 | 18.66 | 7.24 | 19.16 | 27.71 | -11.33 | 22.5 | 72.63 | -27.78 | -25.54 | 27.37 | 2522.11 | 1012.98 | 6.68 | -16.29 | -11.64 |
| 21Q4 (9) | 0.94 | -11.32 | 2250.0 | 19.58 | 1.14 | 201.23 | 15.66 | -3.57 | 586.84 | 15.52 | -6.62 | 1683.91 | 12.32 | -7.3 | 1660.0 | 5.98 | -19.84 | 2114.81 | 4.40 | -16.67 | 1733.33 | 0.36 | -10.0 | 12.5 | 17.40 | -5.9 | 300.0 | 31.25 | -25.33 | 43.15 | 100.56 | 3.1 | -60.89 | -1.13 | -145.88 | 99.28 | 7.98 | 21.09 | -13.54 |
| 21Q3 (8) | 1.06 | -0.93 | 1077.78 | 19.36 | -11.52 | 151.43 | 16.24 | -14.62 | 351.11 | 16.62 | -5.78 | 578.37 | 13.29 | -5.81 | 578.06 | 7.46 | -2.74 | 1047.69 | 5.28 | -9.43 | 877.78 | 0.40 | -2.44 | 48.15 | 18.49 | -6.43 | 185.78 | 41.85 | 0.58 | 93.57 | 97.54 | -9.56 | -34.98 | 2.46 | 131.4 | 104.93 | 6.59 | 5.44 | -28.06 |
| 21Q2 (7) | 1.07 | 67.19 | 1437.5 | 21.88 | 39.81 | 418.48 | 19.02 | 53.63 | 63500.0 | 17.64 | 38.79 | 775.86 | 14.11 | 38.74 | 775.12 | 7.67 | 64.59 | 1400.0 | 5.83 | 52.22 | 1367.39 | 0.41 | 10.81 | 78.26 | 19.76 | 26.18 | 951.06 | 41.61 | 83.95 | 62.67 | 107.84 | 10.56 | 0 | -7.84 | -418.95 | -107.84 | 6.25 | -17.33 | 0 |
| 21Q1 (6) | 0.64 | 1500.0 | 255.56 | 15.65 | 140.77 | 108.95 | 12.38 | 442.98 | 252.71 | 12.71 | 1360.92 | 176.91 | 10.17 | 1352.86 | 177.11 | 4.66 | 1625.93 | 250.38 | 3.83 | 1495.83 | 241.96 | 0.37 | 15.62 | 23.33 | 15.66 | 260.0 | 92.86 | 22.62 | 3.62 | 15.7 | 97.54 | -62.07 | 26.44 | 2.46 | 101.56 | -89.24 | 7.56 | -18.09 | 0 |
| 20Q4 (5) | 0.04 | -55.56 | 133.33 | 6.50 | -15.58 | 30.78 | 2.28 | -36.67 | 1528.57 | 0.87 | -64.49 | 129.29 | 0.70 | -64.29 | 129.79 | 0.27 | -58.46 | 131.03 | 0.24 | -55.56 | 134.78 | 0.32 | 18.52 | 6.67 | 4.35 | -32.77 | 752.94 | 21.83 | 0.97 | 0.28 | 257.14 | 71.43 | 6014.29 | -157.14 | -214.29 | -250.6 | 9.23 | 0.76 | 0 |
| 20Q3 (4) | 0.09 | 212.5 | 0.0 | 7.70 | 82.46 | 0.0 | 3.60 | 12100.0 | 0.0 | 2.45 | 193.87 | 0.0 | 1.96 | 193.78 | 0.0 | 0.65 | 210.17 | 0.0 | 0.54 | 217.39 | 0.0 | 0.27 | 17.39 | 0.0 | 6.47 | 244.15 | 0.0 | 21.62 | -15.48 | 0.0 | 150.00 | 0 | 0.0 | -50.00 | -150.0 | 0.0 | 9.16 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -144.44 | 0.0 | 4.22 | -43.66 | 0.0 | -0.03 | -100.85 | 0.0 | -2.61 | -156.86 | 0.0 | -2.09 | -156.95 | 0.0 | -0.59 | -144.36 | 0.0 | -0.46 | -141.07 | 0.0 | 0.23 | -23.33 | 0.0 | 1.88 | -76.85 | 0.0 | 25.58 | 30.84 | 0.0 | 0.00 | -100.0 | 0.0 | 100.00 | 337.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.18 | 250.0 | 0.0 | 7.49 | 50.7 | 0.0 | 3.51 | 2407.14 | 0.0 | 4.59 | 254.55 | 0.0 | 3.67 | 256.17 | 0.0 | 1.33 | 252.87 | 0.0 | 1.12 | 262.32 | 0.0 | 0.30 | 0.0 | 0.0 | 8.12 | 1492.16 | 0.0 | 19.55 | -10.2 | 0.0 | 77.14 | 1874.29 | 0.0 | 22.86 | -78.1 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 4.97 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -2.97 | 0.0 | 0.0 | -2.35 | 0.0 | 0.0 | -0.87 | 0.0 | 0.0 | -0.69 | 0.0 | 0.0 | 0.30 | 0.0 | 0.0 | 0.51 | 0.0 | 0.0 | 21.77 | 0.0 | 0.0 | -4.35 | 0.0 | 0.0 | 104.35 | 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) | -0.97 | 0 | -1.15 | 0 | -5.10 | 0 | 2.50 | 20.54 | -4.68 | 0 | -3.76 | 0 | -5.84 | 0 | -4.47 | 0 | 1.21 | -6.2 | -2.08 | 0 | 26.75 | -10.95 | 109.64 | 118.46 | -9.04 | 0 | 0.14 | -11.5 | 7.02 | 4.93 |
| 2022 (9) | 1.47 | -61.01 | 7.05 | -63.41 | 3.30 | -79.35 | 2.08 | -1.04 | 6.59 | -58.19 | 5.01 | -60.21 | 8.45 | -66.53 | 6.53 | -67.28 | 1.29 | -18.35 | 8.77 | -51.09 | 30.04 | -3.87 | 50.19 | -50.44 | 49.81 | 0 | 0.16 | -14.11 | 6.69 | -5.24 |
| 2021 (8) | 3.77 | 1613.64 | 19.27 | 192.86 | 15.98 | 552.24 | 2.10 | -43.63 | 15.76 | 930.07 | 12.59 | 923.58 | 25.25 | 1421.08 | 19.96 | 1276.55 | 1.58 | 42.34 | 17.93 | 232.04 | 31.25 | 43.15 | 101.27 | -35.96 | -1.41 | 0 | 0.19 | -41.45 | 7.06 | -25.05 |
| 2020 (7) | 0.22 | 0.0 | 6.58 | 10.03 | 2.45 | 39.2 | 3.72 | 8.82 | 1.53 | 6.25 | 1.23 | 7.89 | 1.66 | 7.1 | 1.45 | 5.84 | 1.11 | -1.77 | 5.40 | 7.36 | 21.83 | 0.28 | 158.14 | 28.3 | -58.14 | 0 | 0.32 | 173.42 | 9.42 | 9.66 |
| 2019 (6) | 0.22 | -88.3 | 5.98 | -58.06 | 1.76 | -82.08 | 3.42 | 37.11 | 1.44 | -86.85 | 1.14 | -86.77 | 1.55 | -87.47 | 1.37 | -86.81 | 1.13 | -6.61 | 5.03 | -62.71 | 21.77 | 18.12 | 123.26 | 37.73 | -23.26 | 0 | 0.12 | 7.73 | 8.59 | -3.05 |
| 2018 (5) | 1.88 | -56.07 | 14.26 | -38.88 | 9.82 | -50.92 | 2.49 | 10.72 | 10.95 | -41.66 | 8.62 | -45.68 | 12.37 | -61.75 | 10.39 | -58.8 | 1.21 | -23.42 | 13.49 | -36.1 | 18.43 | -6.16 | 89.49 | -15.96 | 10.23 | 0 | 0.11 | 40.61 | 8.86 | 24.96 |
| 2017 (4) | 4.28 | 47.59 | 23.33 | 49.07 | 20.01 | 59.7 | 2.25 | -28.21 | 18.77 | 52.23 | 15.87 | 17.21 | 32.34 | 7.58 | 25.22 | 24.85 | 1.58 | 7.48 | 21.11 | 34.03 | 19.64 | -52.32 | 106.49 | 4.51 | -6.63 | 0 | 0.08 | 0 | 7.09 | -1.39 |
| 2016 (3) | 2.90 | 0 | 15.65 | 0 | 12.53 | 0 | 3.14 | -60.79 | 12.33 | 0 | 13.54 | 0 | 30.06 | 0 | 20.20 | 0 | 1.47 | 3.52 | 15.75 | 220.12 | 41.19 | -36.36 | 101.90 | -10.26 | -1.63 | 0 | 0.00 | 0 | 7.19 | 12.52 |
| 2015 (2) | -0.70 | 0 | -0.79 | 0 | -3.93 | 0 | 8.00 | -10.32 | -3.49 | 0 | -3.47 | 0 | -11.63 | 0 | -4.47 | 0 | 1.42 | 24.56 | 4.92 | 105.0 | 64.72 | -78.42 | 113.54 | 21.03 | -12.50 | 0 | 0.00 | 0 | 6.39 | 6.68 |
| 2014 (1) | -4.85 | 0 | -4.14 | 0 | -7.15 | 0 | 8.92 | 11.35 | -7.62 | 0 | -7.62 | 0 | -58.62 | 0 | -7.64 | 0 | 1.14 | -5.0 | 2.40 | -8.75 | 299.85 | -79.5 | 93.81 | -1.0 | 6.19 | 18.14 | 0.00 | 0 | 5.99 | 17.68 |
