- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23Q2 (20) | -0.45 | -125.0 | 60.87 | 21.08 | -20.21 | 11.42 | -17.50 | -61.89 | 43.33 | -10.23 | -301.18 | 60.56 | -8.18 | -40.79 | 71.38 | -1.70 | -86.81 | 67.37 | -0.96 | -95.92 | 71.17 | 0.13 | 44.44 | 8.33 | -1.34 | -114.14 | 91.68 | 64.40 | -3.74 | 29.47 | 173.33 | -60.0 | 46.96 | -73.33 | 78.0 | -308.57 | 35.23 | -14.12 | -6.18 |
| 23Q1 (19) | -0.20 | 33.33 | 78.02 | 26.42 | 10.27 | 11.76 | -10.81 | -99.45 | 61.35 | -2.55 | 52.95 | 88.2 | -5.81 | 7.63 | 73.91 | -0.91 | 45.51 | 77.36 | -0.49 | 48.96 | 79.06 | 0.09 | -43.75 | -18.18 | 9.48 | 527.81 | 180.07 | 66.90 | -2.99 | 16.79 | 433.33 | 333.33 | 232.56 | -333.33 | 0 | -1000.0 | 41.02 | 26.76 | -7.26 |
| 22Q4 (18) | -0.30 | 71.7 | -1100.0 | 23.96 | -1.8 | -15.4 | -5.42 | 68.63 | -307.52 | -5.42 | 75.18 | -1067.86 | -6.29 | 76.34 | -1800.0 | -1.67 | 70.34 | -1292.86 | -0.96 | 73.11 | -1060.0 | 0.16 | 14.29 | -23.81 | 1.51 | 111.33 | -69.49 | 68.96 | 10.05 | -14.91 | 100.00 | 24.14 | 150.0 | -0.00 | -100.0 | -100.0 | 32.36 | -38.43 | 42.93 |
| 22Q3 (17) | -1.06 | 7.83 | -186.49 | 24.40 | 28.96 | -0.25 | -17.28 | 44.04 | -98.17 | -21.84 | 15.81 | -290.7 | -26.58 | 7.0 | -392.22 | -5.63 | -8.06 | -258.6 | -3.57 | -7.21 | -301.12 | 0.14 | 16.67 | -12.5 | -13.33 | 17.26 | -3232.5 | 62.66 | 25.98 | -26.21 | 80.56 | -31.7 | -48.74 | 22.22 | 223.81 | 138.89 | 52.56 | 39.97 | 84.75 |
| 22Q2 (16) | -1.15 | -26.37 | -448.48 | 18.92 | -19.97 | -32.33 | -30.88 | -10.4 | -1806.08 | -25.94 | -20.04 | -627.24 | -28.58 | -28.33 | -848.17 | -5.21 | -29.6 | -474.82 | -3.33 | -42.31 | -501.2 | 0.12 | 9.09 | -45.45 | -16.11 | -36.06 | -284.11 | 49.74 | -13.16 | -28.94 | 117.95 | -9.48 | 214.53 | -17.95 | 40.77 | -128.72 | 37.55 | -15.1 | 36.3 |
| 22Q1 (15) | -0.91 | -3133.33 | -46.77 | 23.64 | -16.53 | -2.68 | -27.97 | -2003.01 | -110.3 | -21.61 | -3958.93 | -97.53 | -22.27 | -6118.92 | -90.5 | -4.02 | -2971.43 | -54.62 | -2.34 | -2440.0 | -48.1 | 0.11 | -47.62 | -15.38 | -11.84 | -339.19 | -160.22 | 57.28 | -29.32 | -11.29 | 130.30 | 165.15 | 10.26 | -30.30 | -110.1 | -33.33 | 44.23 | 95.36 | 50.19 |
| 21Q4 (14) | 0.03 | 108.11 | -91.43 | 28.32 | 15.78 | -14.0 | -1.33 | 84.75 | -111.05 | 0.56 | 110.02 | -84.27 | 0.37 | 106.85 | -91.78 | 0.14 | 108.92 | -90.41 | 0.10 | 111.24 | -88.64 | 0.21 | 31.25 | 10.53 | 4.95 | 1337.5 | -38.2 | 81.04 | -4.57 | 23.84 | -200.00 | -227.27 | -157.14 | 300.00 | 625.0 | 225.0 | 22.64 | -20.42 | 35.41 |
| 21Q3 (13) | -0.37 | -212.12 | -180.43 | 24.46 | -12.52 | -26.17 | -8.72 | -581.77 | -315.31 | -5.59 | -213.62 | -147.74 | -5.40 | -241.36 | -185.04 | -1.57 | -212.95 | -177.34 | -0.89 | -207.23 | -160.54 | 0.16 | -27.27 | -11.11 | -0.40 | -104.57 | -102.14 | 84.92 | 21.31 | 28.07 | 157.14 | 319.05 | 357.14 | -57.14 | -191.43 | -187.07 | 28.45 | 3.27 | 0 |
| 21Q2 (12) | 0.33 | 153.23 | -66.33 | 27.96 | 15.11 | -33.78 | 1.81 | 113.61 | -89.84 | 4.92 | 144.97 | -76.58 | 3.82 | 132.68 | -76.18 | 1.39 | 153.46 | -68.05 | 0.83 | 152.53 | -63.91 | 0.22 | 69.23 | 57.14 | 8.75 | 292.31 | -67.44 | 70.00 | 8.41 | -30.03 | 37.50 | -68.27 | -55.0 | 62.50 | 375.0 | 328.57 | 27.55 | -6.45 | 0 |
| 21Q1 (11) | -0.62 | -277.14 | -63.16 | 24.29 | -26.24 | -23.16 | -13.30 | -210.47 | 40.36 | -10.94 | -407.3 | 38.37 | -11.69 | -359.78 | 6.63 | -2.60 | -278.08 | -54.76 | -1.58 | -279.55 | -105.19 | 0.13 | -31.58 | 85.71 | -4.55 | -156.8 | 13.5 | 64.57 | -1.33 | -30.69 | 118.18 | -66.23 | -5.45 | -22.73 | 90.53 | 9.09 | 29.45 | 76.14 | -19.56 |
| 20Q4 (10) | 0.35 | -23.91 | -38.6 | 32.93 | -0.6 | 4.44 | 12.04 | 197.28 | -23.31 | 3.56 | -69.6 | -72.93 | 4.50 | -29.13 | -38.02 | 1.46 | -28.08 | -39.92 | 0.88 | -40.14 | -30.71 | 0.19 | 5.56 | 11.76 | 8.01 | -57.12 | -53.21 | 65.44 | -1.31 | -35.62 | 350.00 | 918.18 | 189.13 | -240.00 | -465.71 | -1202.86 | 16.72 | 0 | -4.78 |
| 20Q3 (9) | 0.46 | -53.06 | 360.0 | 33.13 | -21.53 | 8.34 | 4.05 | -77.26 | 166.45 | 11.71 | -44.26 | 1261.63 | 6.35 | -60.41 | 442.74 | 2.03 | -53.33 | 372.09 | 1.47 | -36.09 | 297.3 | 0.18 | 28.57 | 0.0 | 18.68 | -30.48 | 197.93 | 66.31 | -33.72 | -30.14 | 34.38 | -58.75 | -79.38 | 65.62 | 350.0 | 198.44 | 0.00 | 0 | -100.0 |
| 20Q2 (8) | 0.98 | 357.89 | 117.78 | 42.22 | 33.57 | 42.15 | 17.81 | 179.87 | 190.54 | 21.01 | 218.37 | 233.49 | 16.04 | 228.12 | 198.14 | 4.35 | 358.93 | 135.14 | 2.30 | 398.7 | 125.49 | 0.14 | 100.0 | -12.5 | 26.87 | 610.84 | 127.71 | 100.04 | 7.39 | -8.18 | 83.33 | -33.33 | -16.67 | 14.58 | 158.33 | 191.67 | 0.00 | -100.0 | -100.0 |
| 20Q1 (7) | -0.38 | -166.67 | -40.74 | 31.61 | 0.25 | 48.89 | -22.30 | -242.04 | -313.73 | -17.75 | -234.98 | -177.34 | -12.52 | -272.45 | -237.47 | -1.68 | -169.14 | -51.35 | -0.77 | -160.63 | -126.47 | 0.07 | -58.82 | -50.0 | -5.26 | -130.72 | -1602.86 | 93.16 | -8.34 | -13.89 | 125.00 | 3.26 | 50.0 | -25.00 | -35.71 | -250.0 | 36.61 | 108.49 | 52.73 |
| 19Q4 (6) | 0.57 | 470.0 | 186.36 | 31.53 | 3.11 | 56.48 | 15.70 | 932.89 | 446.58 | 13.15 | 1429.07 | 306.44 | 7.26 | 520.51 | 206.3 | 2.43 | 465.12 | 191.35 | 1.27 | 243.24 | 228.28 | 0.17 | -5.56 | -5.56 | 17.12 | 173.05 | 1358.82 | 101.64 | 7.08 | -12.76 | 121.05 | -27.37 | 63.78 | -18.42 | 72.37 | -160.53 | 17.56 | -20.22 | -10.86 |
| 19Q3 (5) | 0.10 | -77.78 | -83.61 | 30.58 | 2.96 | 6.7 | 1.52 | -75.2 | -82.82 | 0.86 | -86.35 | -87.05 | 1.17 | -78.25 | -79.29 | 0.43 | -76.76 | -82.66 | 0.37 | -63.73 | -72.39 | 0.18 | 12.5 | -10.0 | 6.27 | -46.86 | -44.37 | 94.92 | -12.88 | -25.44 | 166.67 | 66.67 | 26.13 | -66.67 | -1433.33 | -107.41 | 22.01 | 13.4 | 48.62 |
| 19Q2 (4) | 0.45 | 266.67 | 0.0 | 29.70 | 39.9 | 0.0 | 6.13 | 213.73 | 0.0 | 6.30 | 198.44 | 0.0 | 5.38 | 245.01 | 0.0 | 1.85 | 266.67 | 0.0 | 1.02 | 400.0 | 0.0 | 0.16 | 14.29 | 0.0 | 11.80 | 3271.43 | 0.0 | 108.95 | 0.7 | 0.0 | 100.00 | 20.0 | 0.0 | 5.00 | -70.0 | 0.0 | 19.41 | -19.02 | 0.0 |
| 19Q1 (3) | -0.27 | 59.09 | 0.0 | 21.23 | 5.36 | 0.0 | -5.39 | -18.98 | 0.0 | -6.40 | -0.47 | 0.0 | -3.71 | 45.68 | 0.0 | -1.11 | 58.27 | 0.0 | -0.34 | 65.66 | 0.0 | 0.14 | -22.22 | 0.0 | 0.35 | 125.74 | 0.0 | 108.19 | -7.14 | 0.0 | 83.33 | 12.75 | 0.0 | 16.67 | -45.24 | 0.0 | 23.97 | 21.68 | 0.0 |
| 18Q4 (2) | -0.66 | -208.2 | 0.0 | 20.15 | -29.69 | 0.0 | -4.53 | -151.19 | 0.0 | -6.37 | -195.93 | 0.0 | -6.83 | -220.88 | 0.0 | -2.66 | -207.26 | 0.0 | -0.99 | -173.88 | 0.0 | 0.18 | -10.0 | 0.0 | -1.36 | -112.07 | 0.0 | 116.51 | -8.48 | 0.0 | 73.91 | -44.07 | 0.0 | 30.43 | 194.69 | 0.0 | 19.70 | 33.02 | 0.0 |
| 18Q3 (1) | 0.61 | 0.0 | 0.0 | 28.66 | 0.0 | 0.0 | 8.85 | 0.0 | 0.0 | 6.64 | 0.0 | 0.0 | 5.65 | 0.0 | 0.0 | 2.48 | 0.0 | 0.0 | 1.34 | 0.0 | 0.0 | 0.20 | 0.0 | 0.0 | 11.27 | 0.0 | 0.0 | 127.30 | 0.0 | 0.0 | 132.14 | 0.0 | 0.0 | -32.14 | 0.0 | 0.0 | 14.81 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | -3.43 | 0 | 22.86 | -14.06 | -19.23 | 0 | 7.96 | 73.64 | -17.80 | 0 | -19.98 | 0 | -16.84 | 0 | -9.43 | 0 | 0.48 | -33.33 | -9.16 | 0 | 68.96 | -14.91 | 107.56 | -58.81 | -7.56 | 0 | 0.24 | 84.51 | 41.25 | 54.78 |
| 2021 (9) | -0.63 | 0 | 26.60 | -24.35 | -4.28 | 0 | 4.58 | -15.73 | -1.66 | 0 | -2.13 | 0 | -2.66 | 0 | -1.51 | 0 | 0.72 | 28.57 | 3.12 | -78.38 | 81.04 | 23.84 | 261.11 | 199.64 | -161.11 | 0 | 0.13 | 95.81 | 26.65 | 8.6 |
| 2020 (8) | 1.41 | 65.88 | 35.16 | 23.67 | 6.73 | 49.56 | 5.44 | 26.31 | 7.73 | 118.98 | 5.82 | 124.71 | 5.94 | 67.32 | 3.76 | 69.37 | 0.56 | -13.85 | 14.43 | 63.05 | 65.44 | -35.62 | 87.14 | -31.87 | 12.86 | 0 | 0.07 | 15.83 | 24.54 | 18.44 |
| 2019 (7) | 0.85 | -74.32 | 28.43 | -5.01 | 4.50 | -56.73 | 4.31 | 38.25 | 3.53 | -62.04 | 2.59 | -64.13 | 3.55 | -74.86 | 2.22 | -70.24 | 0.65 | -29.35 | 8.85 | -34.69 | 101.64 | -12.76 | 127.91 | 14.41 | -27.91 | 0 | 0.06 | 0 | 20.72 | 32.74 |
| 2018 (6) | 3.31 | -7.54 | 29.93 | -7.96 | 10.40 | -25.07 | 3.11 | -9.63 | 9.30 | -30.39 | 7.22 | -22.53 | 14.12 | -18.29 | 7.46 | -23.8 | 0.92 | -8.0 | 13.55 | -22.31 | 116.51 | 8.66 | 111.80 | 7.83 | -11.80 | 0 | 0.00 | 0 | 15.61 | -4.41 |
| 2017 (5) | 3.58 | 103.41 | 32.52 | -8.5 | 13.88 | 57.55 | 3.45 | -25.83 | 13.36 | 42.13 | 9.32 | 26.29 | 17.28 | 74.55 | 9.79 | 66.5 | 1.00 | 28.21 | 17.44 | 22.04 | 107.22 | 79.15 | 103.68 | 10.51 | -3.68 | 0 | 0.00 | 0 | 16.33 | -32.04 |
| 2016 (4) | 1.76 | -32.57 | 35.54 | -11.81 | 8.81 | -36.71 | 4.65 | 7.76 | 9.40 | -30.98 | 7.38 | -28.28 | 9.90 | -36.86 | 5.88 | -38.56 | 0.78 | -12.36 | 14.29 | -23.01 | 59.85 | -29.34 | 93.83 | -7.79 | 6.17 | 0 | 0.00 | 0 | 24.03 | 0.63 |
| 2015 (3) | 2.61 | 38.83 | 40.30 | -7.34 | 13.92 | 5.61 | 4.31 | 1.24 | 13.62 | -0.87 | 10.29 | 5.21 | 15.68 | 20.34 | 9.57 | 18.44 | 0.89 | 9.88 | 18.56 | 0.6 | 84.70 | 52.97 | 101.75 | 5.39 | -1.75 | 0 | 0.00 | 0 | 23.88 | -4.37 |
| 2014 (2) | 1.88 | -5.53 | 43.49 | -3.42 | 13.18 | -4.42 | 4.26 | 31.57 | 13.74 | -1.08 | 9.78 | -11.01 | 13.03 | -29.26 | 8.08 | -21.55 | 0.81 | -10.99 | 18.45 | 5.13 | 55.37 | -27.53 | 96.55 | -3.45 | 4.60 | 272.41 | 0.00 | 0 | 24.97 | 5.31 |
| 2013 (1) | 1.99 | 0 | 45.03 | 0 | 13.79 | 0 | 3.24 | -26.41 | 13.89 | 0 | 10.99 | 0 | 18.42 | 0 | 10.30 | 0 | 0.91 | 0 | 17.55 | 0 | 76.40 | -19.74 | 100.00 | -3.03 | 1.23 | 0 | 0.00 | 0 | 23.71 | -4.2 |
