- 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) | -0.54 | -180.6 | -228.57 | 2.65 | -42.39 | -42.89 | -0.38 | -128.57 | -135.51 | -2.59 | -178.25 | -187.21 | -2.45 | -185.07 | -221.29 | -3.19 | -183.51 | -227.6 | -0.55 | -139.57 | -149.55 | 0.35 | -7.89 | -12.5 | -0.41 | -107.66 | -108.07 | 289.50 | 11.23 | 38.96 | 15.09 | -62.4 | -57.66 | 85.85 | 43.42 | 35.24 | 2.04 | -10.53 | -23.88 |
| 24Q2 (19) | 0.67 | 19.64 | 857.14 | 4.60 | -3.97 | 57.0 | 1.33 | 56.47 | 592.59 | 3.31 | -22.84 | 244.79 | 2.88 | -6.8 | 772.73 | 3.82 | 16.46 | 788.37 | 1.39 | 9.45 | 195.74 | 0.38 | 22.58 | -11.63 | 5.35 | -21.32 | 79.53 | 260.27 | 11.08 | 20.21 | 40.14 | 97.94 | 242.32 | 59.86 | -25.57 | -53.31 | 2.28 | -22.18 | -4.2 |
| 24Q1 (18) | 0.56 | 275.0 | 1966.67 | 4.79 | 36.86 | 5.51 | 0.85 | 8.97 | -30.89 | 4.29 | 343.75 | 1942.86 | 3.09 | 307.38 | 2031.25 | 3.28 | 273.54 | 1922.22 | 1.27 | 629.17 | 408.0 | 0.31 | -20.51 | -22.5 | 6.80 | 1411.11 | 185.71 | 234.31 | -2.86 | 18.6 | 20.28 | 145.79 | -96.39 | 80.42 | -44.26 | 116.93 | 2.93 | -30.24 | 21.58 |
| 23Q4 (17) | -0.32 | -176.19 | -77.78 | 3.50 | -24.57 | -43.55 | 0.78 | -27.1 | -67.5 | -1.76 | -159.26 | -8700.0 | -1.49 | -173.76 | -88.61 | -1.89 | -175.6 | -92.86 | -0.24 | -121.62 | -500.0 | 0.39 | -2.5 | -15.22 | 0.45 | -91.14 | -76.68 | 241.21 | 15.78 | 39.89 | -44.29 | -224.22 | 99.54 | 144.29 | 127.3 | -98.53 | 4.20 | 56.72 | 51.08 |
| 23Q3 (16) | 0.42 | 500.0 | -49.4 | 4.64 | 58.36 | -10.77 | 1.07 | 496.3 | -44.85 | 2.97 | 209.38 | -11.87 | 2.02 | 512.12 | -33.99 | 2.50 | 481.4 | -49.6 | 1.11 | 136.17 | -50.22 | 0.40 | -6.98 | -34.43 | 5.08 | 70.47 | 2.21 | 208.34 | -3.77 | 28.2 | 35.65 | 226.4 | -37.97 | 63.48 | -50.49 | 49.26 | 2.68 | 12.61 | 18.58 |
| 23Q2 (15) | 0.07 | 333.33 | -80.0 | 2.93 | -35.46 | -52.36 | -0.27 | -121.95 | -110.0 | 0.96 | 357.14 | -56.56 | 0.33 | 306.25 | -73.39 | 0.43 | 338.89 | -80.28 | 0.47 | 88.0 | -59.13 | 0.43 | 7.5 | -35.82 | 2.98 | 25.21 | -17.22 | 216.51 | 9.59 | 27.34 | -28.21 | -105.01 | -123.13 | 128.21 | 126.99 | 684.05 | 2.38 | -1.24 | -9.85 |
| 23Q1 (14) | -0.03 | 83.33 | -102.86 | 4.54 | -26.77 | -52.21 | 1.23 | -48.75 | -80.03 | 0.21 | 1150.0 | -96.28 | -0.16 | 79.75 | -103.6 | -0.18 | 81.63 | -102.74 | 0.25 | 725.0 | -91.01 | 0.40 | -13.04 | -27.27 | 2.38 | 23.32 | -67.71 | 197.57 | 14.58 | 28.34 | 562.50 | 105.8 | 415.98 | -475.00 | -104.85 | -5168.18 | 2.41 | -13.31 | 3.88 |
| 22Q4 (13) | -0.18 | -121.69 | -123.08 | 6.20 | 19.23 | 2.14 | 2.40 | 23.71 | -15.79 | -0.02 | -100.59 | -100.63 | -0.79 | -125.82 | -132.11 | -0.98 | -119.76 | -118.99 | -0.04 | -101.79 | -101.93 | 0.46 | -24.59 | -33.33 | 1.93 | -61.17 | -57.3 | 172.43 | 6.1 | -8.05 | -9700.00 | -16978.0 | -10770.0 | 9800.00 | 22943.24 | 100962.5 | 2.78 | 23.01 | 34.3 |
| 22Q3 (12) | 0.83 | 137.14 | -35.66 | 5.20 | -15.45 | -43.78 | 1.94 | -28.15 | -67.88 | 3.37 | 52.49 | -37.24 | 3.06 | 146.77 | -27.83 | 4.96 | 127.52 | -46.44 | 2.23 | 93.91 | -30.53 | 0.61 | -8.96 | -8.96 | 4.97 | 38.06 | -25.71 | 162.51 | -4.42 | -25.77 | 57.47 | -52.87 | -48.94 | 42.53 | 293.74 | 438.98 | 2.26 | -14.39 | 14.14 |
| 22Q2 (11) | 0.35 | -66.67 | -56.79 | 6.15 | -35.26 | -13.01 | 2.70 | -56.17 | -32.5 | 2.21 | -60.88 | -35.76 | 1.24 | -72.13 | -56.79 | 2.18 | -66.87 | -65.01 | 1.15 | -58.63 | -49.12 | 0.67 | 21.82 | 1.52 | 3.60 | -51.15 | -25.16 | 170.02 | 10.45 | -26.84 | 121.95 | 11.87 | 4.44 | -21.95 | -143.46 | -30.89 | 2.64 | 13.79 | 32.66 |
| 22Q1 (10) | 1.05 | 34.62 | 288.89 | 9.50 | 56.51 | 36.89 | 6.16 | 116.14 | 72.55 | 5.65 | 78.8 | 179.7 | 4.45 | 80.89 | 261.79 | 6.58 | 27.52 | 213.33 | 2.78 | 34.3 | 167.31 | 0.55 | -20.29 | 1.85 | 7.37 | 63.05 | 88.49 | 153.94 | -17.91 | -31.72 | 109.02 | 19.92 | -38.2 | -9.02 | -192.98 | 88.2 | 2.32 | 12.08 | -5.31 |
| 21Q4 (9) | 0.78 | -39.53 | 65.96 | 6.07 | -34.38 | 40.18 | 2.85 | -52.81 | 352.38 | 3.16 | -41.15 | 59.6 | 2.46 | -41.98 | 45.56 | 5.16 | -44.28 | 40.6 | 2.07 | -35.51 | 36.18 | 0.69 | 2.99 | 2.99 | 4.52 | -32.44 | 26.97 | 187.53 | -14.35 | -10.16 | 90.91 | -19.23 | 189.56 | 9.70 | 177.29 | -85.87 | 2.07 | 4.55 | -30.07 |
| 21Q3 (8) | 1.29 | 59.26 | 4.03 | 9.25 | 30.83 | 41.87 | 6.04 | 51.0 | 74.57 | 5.37 | 56.1 | -5.29 | 4.24 | 47.74 | -19.54 | 9.26 | 48.64 | -18.77 | 3.21 | 42.04 | -10.08 | 0.67 | 1.52 | 9.84 | 6.69 | 39.09 | -10.32 | 218.94 | -5.8 | -9.64 | 112.55 | -3.62 | 84.24 | -12.55 | 25.19 | -132.24 | 1.98 | -0.5 | -7.91 |
| 21Q2 (7) | 0.81 | 200.0 | 3950.0 | 7.07 | 1.87 | 91.6 | 4.00 | 12.04 | 4344.44 | 3.44 | 70.3 | 309.52 | 2.87 | 133.33 | 1048.0 | 6.23 | 196.67 | 955.93 | 2.26 | 117.31 | 343.14 | 0.66 | 22.22 | 32.0 | 4.81 | 23.02 | 55.66 | 232.41 | 3.08 | -15.12 | 116.77 | -33.8 | 912.01 | -16.77 | 78.05 | -118.17 | 1.99 | -18.78 | 0 |
| 21Q1 (6) | 0.27 | -42.55 | 140.3 | 6.94 | 60.28 | 273.12 | 3.57 | 466.67 | 269.19 | 2.02 | 2.02 | 155.34 | 1.23 | -27.22 | 130.83 | 2.10 | -42.78 | 132.06 | 1.04 | -31.58 | 175.91 | 0.54 | -19.4 | 22.73 | 3.91 | 9.83 | 423.14 | 225.47 | 8.02 | -18.44 | 176.39 | 461.83 | 203.62 | -76.39 | -211.35 | -282.29 | 2.45 | -17.23 | 0 |
| 20Q4 (5) | 0.47 | -62.1 | 113.64 | 4.33 | -33.59 | 10.18 | 0.63 | -81.79 | -21.25 | 1.98 | -65.08 | 144.44 | 1.69 | -67.93 | 144.93 | 3.67 | -67.81 | 97.31 | 1.52 | -57.42 | 83.13 | 0.67 | 9.84 | -10.67 | 3.56 | -52.28 | 78.0 | 208.73 | -13.86 | -20.24 | 31.40 | -48.6 | -68.6 | 68.60 | 76.3 | 2644.19 | 2.96 | 37.67 | 0 |
| 20Q3 (4) | 1.24 | 6100.0 | 0.0 | 6.52 | 76.69 | 0.0 | 3.46 | 3744.44 | 0.0 | 5.67 | 575.0 | 0.0 | 5.27 | 2008.0 | 0.0 | 11.40 | 1832.2 | 0.0 | 3.57 | 600.0 | 0.0 | 0.61 | 22.0 | 0.0 | 7.46 | 141.42 | 0.0 | 242.31 | -11.5 | 0.0 | 61.09 | 429.41 | 0.0 | 38.91 | -57.84 | 0.0 | 2.15 | 0 | 0.0 |
| 20Q2 (3) | 0.02 | 102.99 | 0.0 | 3.69 | 98.39 | 0.0 | 0.09 | 104.27 | 0.0 | 0.84 | 123.01 | 0.0 | 0.25 | 106.27 | 0.0 | 0.59 | 109.01 | 0.0 | 0.51 | 137.23 | 0.0 | 0.50 | 13.64 | 0.0 | 3.09 | 355.37 | 0.0 | 273.81 | -0.95 | 0.0 | 11.54 | -80.14 | 0.0 | 92.31 | 120.28 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.67 | -404.55 | 0.0 | 1.86 | -52.67 | 0.0 | -2.11 | -363.75 | 0.0 | -3.65 | -550.62 | 0.0 | -3.99 | -678.26 | 0.0 | -6.55 | -452.15 | 0.0 | -1.37 | -265.06 | 0.0 | 0.44 | -41.33 | 0.0 | -1.21 | -160.5 | 0.0 | 276.43 | 5.63 | 0.0 | 58.10 | -41.9 | 0.0 | 41.90 | 1576.19 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.22 | 0.0 | 0.0 | 3.93 | 0.0 | 0.0 | 0.80 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 1.86 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 2.00 | 0.0 | 0.0 | 261.69 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 2.50 | 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) | 0.14 | -93.14 | 3.88 | -41.74 | 0.68 | -78.88 | 1.08 | 27.43 | 0.59 | -79.15 | 0.17 | -91.63 | 0.85 | -93.66 | 1.57 | -74.64 | 1.64 | -30.51 | 2.72 | -39.15 | 241.21 | 39.89 | 116.48 | 2.61 | -16.48 | 0 | 0.04 | -15.28 | 2.92 | 17.27 |
| 2022 (9) | 2.04 | -35.03 | 6.66 | -9.51 | 3.22 | -22.41 | 0.85 | 21.26 | 2.83 | -21.61 | 2.03 | -27.76 | 13.40 | -40.63 | 6.19 | -32.35 | 2.36 | -12.59 | 4.47 | -11.83 | 172.43 | -8.05 | 113.52 | -1.22 | -13.52 | 0 | 0.05 | -15.5 | 2.49 | 18.57 |
| 2021 (8) | 3.14 | 196.23 | 7.36 | 71.56 | 4.15 | 468.49 | 0.70 | -30.54 | 3.61 | 127.04 | 2.81 | 134.17 | 22.57 | 153.31 | 9.15 | 118.9 | 2.70 | 22.73 | 5.07 | 42.82 | 187.53 | -10.16 | 114.93 | 151.95 | -14.93 | 0 | 0.05 | 71.27 | 2.10 | -21.64 |
| 2020 (7) | 1.06 | 1077.78 | 4.29 | -3.81 | 0.73 | -33.03 | 1.01 | 1.91 | 1.59 | 269.77 | 1.20 | 3900.0 | 8.91 | 2972.41 | 4.18 | 161.25 | 2.20 | -14.06 | 3.55 | 57.08 | 208.73 | -20.24 | 45.61 | -82.05 | 54.39 | 0 | 0.03 | -30.06 | 2.68 | 4.69 |
| 2019 (6) | 0.09 | 0 | 4.46 | 4.21 | 1.09 | 289.29 | 0.99 | 1.52 | 0.43 | 0 | 0.03 | 0 | 0.29 | 0 | 1.60 | 0 | 2.56 | 13.27 | 2.26 | 56.94 | 261.69 | 12.85 | 254.17 | 0 | -154.17 | 0 | 0.05 | -27.02 | 2.56 | -3.4 |
| 2018 (5) | -0.50 | 0 | 4.28 | -37.06 | 0.28 | -90.24 | 0.97 | -2.18 | -0.40 | 0 | -0.67 | 0 | -5.40 | 0 | -0.12 | 0 | 2.26 | 6.1 | 1.44 | -54.29 | 231.90 | -15.21 | -69.70 | 0 | 169.70 | 0 | 0.06 | 0 | 2.65 | 16.74 |
| 2017 (4) | 0.76 | -61.62 | 6.80 | -25.27 | 2.87 | -32.15 | 1.00 | -23.18 | 1.32 | -61.85 | 1.10 | -64.63 | 8.07 | -52.81 | 3.64 | -46.86 | 2.13 | 21.02 | 3.15 | -45.88 | 273.50 | 24.23 | 217.11 | 78.05 | -117.11 | 0 | 0.00 | 0 | 2.27 | -16.85 |
| 2016 (3) | 1.98 | 0 | 9.10 | 206.4 | 4.23 | 0 | 1.30 | -6.79 | 3.46 | 0 | 3.11 | 0 | 17.10 | 0 | 6.85 | 0 | 1.76 | -8.81 | 5.82 | 939.29 | 220.15 | 8.19 | 121.94 | 93.49 | -22.15 | 0 | 0.00 | 0 | 2.73 | 16.67 |
| 2015 (2) | -1.19 | 0 | 2.97 | -54.02 | -1.15 | 0 | 1.39 | -0.02 | -1.84 | 0 | -2.10 | 0 | -11.81 | 0 | -2.63 | 0 | 1.93 | 1.05 | 0.56 | -87.75 | 203.48 | 12.15 | 63.02 | -50.03 | 37.36 | 0 | 0.00 | 0 | 2.34 | 9.86 |
| 2014 (1) | 0.92 | 0 | 6.46 | 0 | 2.47 | 0 | 1.39 | -14.62 | 1.96 | 0 | 1.31 | 0 | 6.89 | 0 | 4.26 | 0 | 1.91 | 6.7 | 4.57 | 113.55 | 181.44 | 8.24 | 126.10 | 635.6 | -26.10 | 0 | 0.00 | 0 | 2.13 | -6.58 |
