- 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) | -0.20 | 20.0 | 37.5 | 9.77 | 50.31 | 405.31 | -17.38 | 7.75 | 26.29 | -18.87 | 3.43 | 22.38 | -18.87 | 3.43 | 22.31 | -3.20 | 15.79 | 24.17 | -1.21 | 18.24 | 29.24 | 0.08 | -11.11 | 0.0 | -8.63 | 21.83 | 59.97 | 121.96 | -0.07 | -2.18 | 92.31 | -4.71 | -2.96 | 7.69 | 146.15 | 215.38 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.25 | 37.5 | 56.14 | 6.50 | 137.1 | 126.75 | -18.84 | 68.46 | 62.57 | -19.54 | 67.67 | 64.26 | -19.54 | 67.67 | 64.21 | -3.80 | 35.59 | 46.85 | -1.48 | 39.59 | 54.74 | 0.09 | 125.0 | 50.0 | -11.04 | 74.94 | 73.1 | 122.04 | -0.57 | 1.67 | 96.88 | -1.19 | 5.55 | 3.12 | 59.38 | -61.98 | 20.86 | -47.38 | -9.81 |
| 24Q1 (18) | -0.40 | 9.09 | -14.29 | -17.52 | -78.96 | -81.18 | -59.73 | -21.23 | -81.49 | -60.44 | 30.15 | -98.03 | -60.44 | 4.29 | -98.36 | -5.90 | 3.59 | -42.17 | -2.45 | 3.16 | -25.64 | 0.04 | 0.0 | -42.86 | -44.05 | 31.21 | -134.43 | 122.74 | 3.3 | 29.15 | 98.04 | 71.57 | -9.96 | 1.96 | -95.42 | 122.06 | 39.64 | 45.25 | 77.68 |
| 23Q4 (17) | -0.44 | -37.5 | 38.03 | -9.79 | -205.94 | -7630.77 | -49.27 | -108.95 | -112.37 | -86.53 | -255.94 | -76.74 | -63.15 | -159.98 | -29.01 | -6.12 | -45.02 | 22.92 | -2.53 | -47.95 | 36.75 | 0.04 | -50.0 | -50.0 | -64.04 | -197.03 | -56.35 | 118.82 | -4.7 | 23.62 | 57.14 | -39.93 | 19.48 | 42.86 | 1657.14 | -19.53 | 27.29 | 709.79 | 63.32 |
| 23Q3 (16) | -0.32 | 43.86 | 46.67 | -3.20 | 86.83 | 87.28 | -23.58 | 53.16 | 54.83 | -24.31 | 55.54 | 52.91 | -24.29 | 55.51 | 52.94 | -4.22 | 40.98 | 32.7 | -1.71 | 47.71 | 46.73 | 0.08 | 33.33 | 33.33 | -21.56 | 47.47 | 49.13 | 124.68 | 3.87 | 43.24 | 95.12 | 3.64 | -6.08 | 2.44 | -70.33 | 290.24 | 3.37 | -85.43 | -82.88 |
| 23Q2 (15) | -0.57 | -62.86 | -1.79 | -24.30 | -151.29 | -76.73 | -50.34 | -52.96 | -0.24 | -54.68 | -79.16 | -6.15 | -54.60 | -79.19 | 5.55 | -7.15 | -72.29 | -5.77 | -3.27 | -67.69 | -2.51 | 0.06 | -14.29 | 0.0 | -41.04 | -118.41 | -14.38 | 120.04 | 26.3 | 37.2 | 91.78 | -15.71 | -6.83 | 8.22 | 192.47 | 175.34 | 23.13 | 3.68 | -0.47 |
| 23Q1 (14) | -0.35 | 50.7 | 58.33 | -9.67 | -7538.46 | 52.92 | -32.91 | -41.85 | 24.97 | -30.52 | 37.66 | 47.73 | -30.47 | 37.75 | 47.83 | -4.15 | 47.73 | 64.68 | -1.95 | 51.25 | 60.04 | 0.07 | -12.5 | -22.22 | -18.79 | 54.13 | 61.45 | 95.04 | -1.12 | -23.64 | 108.89 | 127.68 | 45.19 | -8.89 | -116.69 | -135.56 | 22.31 | 33.51 | 45.15 |
| 22Q4 (13) | -0.71 | -18.33 | -302.86 | 0.13 | 100.52 | -99.38 | -23.20 | 55.56 | -290.01 | -48.96 | 5.17 | -500.0 | -48.95 | 5.17 | -598.98 | -7.94 | -26.63 | -280.87 | -4.00 | -24.61 | -297.04 | 0.08 | 33.33 | -57.89 | -40.96 | 3.35 | -360.39 | 96.12 | 10.43 | -28.73 | 47.83 | -52.78 | -51.29 | 53.26 | 4254.35 | 0 | 16.71 | -15.09 | 70.34 |
| 22Q3 (12) | -0.60 | -7.14 | -143.48 | -25.15 | -82.91 | -174.1 | -52.20 | -3.94 | -315.52 | -51.63 | -0.23 | -264.01 | -51.62 | 10.71 | -276.54 | -6.27 | 7.25 | -133.73 | -3.21 | -0.63 | -141.42 | 0.06 | 0.0 | -76.92 | -42.38 | -18.12 | -224.28 | 87.04 | -0.51 | -35.16 | 101.28 | 2.82 | 31.82 | -1.28 | -142.95 | -105.53 | 19.68 | -15.32 | 206.07 |
| 22Q2 (11) | -0.56 | 33.33 | -146.28 | -13.75 | 33.06 | -138.13 | -50.22 | -14.5 | -291.68 | -51.51 | 11.78 | -282.66 | -57.81 | 1.03 | -301.15 | -6.76 | 42.47 | -133.67 | -3.19 | 34.63 | -141.64 | 0.06 | -33.33 | -76.92 | -35.88 | 26.38 | -214.3 | 87.49 | -29.7 | -46.4 | 98.51 | 31.34 | 6.3 | 2.99 | -88.06 | -59.29 | 23.24 | 51.2 | 294.57 |
| 22Q1 (10) | -0.84 | -340.0 | -206.33 | -20.54 | -197.48 | -164.59 | -43.86 | -459.21 | -296.42 | -58.39 | -577.04 | -330.61 | -58.41 | -695.41 | -344.29 | -11.75 | -367.65 | -168.43 | -4.88 | -340.39 | -182.29 | 0.09 | -52.63 | -60.87 | -48.74 | -409.85 | -271.8 | 124.46 | -7.71 | -33.73 | 75.00 | -23.61 | -15.32 | 25.00 | 0 | 118.75 | 15.37 | 56.68 | 119.57 |
| 21Q4 (9) | 0.35 | -74.64 | 318.75 | 21.07 | -37.92 | 43.04 | 12.21 | -49.59 | 354.91 | 12.24 | -61.12 | 196.15 | 9.81 | -66.45 | 170.37 | 4.39 | -76.39 | 195.43 | 2.03 | -73.81 | 240.97 | 0.19 | -26.92 | 58.33 | 15.73 | -53.87 | 309.45 | 134.86 | 0.47 | -34.28 | 98.18 | 27.78 | 165.09 | 0.00 | -100.0 | -100.0 | 9.81 | 52.57 | -38.57 |
| 21Q3 (8) | 1.38 | 14.05 | 89.04 | 33.94 | -5.88 | 677.21 | 24.22 | -7.56 | 200.46 | 31.48 | 11.63 | -64.27 | 29.24 | 1.74 | -65.19 | 18.59 | -7.42 | -22.61 | 7.75 | 1.17 | 32.93 | 0.26 | 0.0 | 271.43 | 34.10 | 8.63 | -64.31 | 134.23 | -17.76 | -34.04 | 76.84 | -17.08 | 379.04 | 23.16 | 215.87 | -81.84 | 6.43 | 9.17 | -63.32 |
| 21Q2 (7) | 1.21 | 53.16 | 324.07 | 36.06 | 13.4 | 357.39 | 26.20 | 17.33 | 174.67 | 28.20 | 11.37 | 142.5 | 28.74 | 20.2 | 137.48 | 20.08 | 16.95 | 212.37 | 7.66 | 29.17 | 325.96 | 0.26 | 13.04 | 420.0 | 31.39 | 10.65 | 155.57 | 163.22 | -13.09 | -65.11 | 92.67 | 4.62 | 75.26 | 7.33 | -35.83 | -84.44 | 5.89 | -15.86 | 0 |
| 21Q1 (6) | 0.79 | 593.75 | 254.9 | 31.80 | 115.89 | 711.22 | 22.33 | 566.18 | 189.75 | 25.32 | 298.9 | 199.45 | 23.91 | 271.52 | 132.05 | 17.17 | 473.26 | 404.97 | 5.93 | 511.81 | 582.11 | 0.23 | 91.67 | 360.0 | 28.37 | 477.76 | 291.17 | 187.81 | -8.47 | -50.42 | 88.57 | 139.14 | -8.66 | 11.43 | -81.85 | 277.14 | 7.00 | -56.17 | 0 |
| 20Q4 (5) | -0.16 | -121.92 | 77.46 | 14.73 | 350.51 | 223.16 | -4.79 | 80.13 | 84.51 | -12.73 | -114.45 | 73.85 | -13.94 | -116.6 | 72.91 | -4.60 | -119.15 | 74.23 | -1.44 | -124.7 | 65.47 | 0.12 | 71.43 | 33.33 | -7.51 | -107.86 | 79.26 | 205.20 | 0.83 | -34.85 | 37.04 | 234.5 | -41.73 | 62.96 | -50.63 | 72.78 | 15.97 | -8.9 | 3.97 |
| 20Q3 (4) | 0.73 | 235.19 | 0.0 | -5.88 | 58.03 | 0.0 | -24.11 | 31.29 | 0.0 | 88.11 | 232.8 | 0.0 | 83.99 | 209.53 | 0.0 | 24.02 | 234.42 | 0.0 | 5.83 | 271.98 | 0.0 | 0.07 | 40.0 | 0.0 | 95.54 | 269.13 | 0.0 | 203.51 | -56.5 | 0.0 | -27.54 | -152.08 | 0.0 | 127.54 | 170.63 | 0.0 | 17.53 | 0 | 0.0 |
| 20Q2 (3) | -0.54 | -5.88 | 0.0 | -14.01 | -457.4 | 0.0 | -35.09 | -41.04 | 0.0 | -66.35 | -160.6 | 0.0 | -76.68 | -2.79 | 0.0 | -17.87 | -217.41 | 0.0 | -3.39 | -175.61 | 0.0 | 0.05 | 0.0 | 0.0 | -56.49 | -280.66 | 0.0 | 467.87 | 23.52 | 0.0 | 52.87 | -45.47 | 0.0 | 47.13 | 1455.17 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.51 | 28.17 | 0.0 | 3.92 | 132.78 | 0.0 | -24.88 | 19.53 | 0.0 | -25.46 | 47.7 | 0.0 | -74.60 | -45.0 | 0.0 | -5.63 | 68.46 | 0.0 | -1.23 | 70.5 | 0.0 | 0.05 | -44.44 | 0.0 | -14.84 | 59.02 | 0.0 | 378.77 | 20.26 | 0.0 | 96.97 | 52.57 | 0.0 | 3.03 | -91.68 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.71 | 0.0 | 0.0 | -11.96 | 0.0 | 0.0 | -30.92 | 0.0 | 0.0 | -48.68 | 0.0 | 0.0 | -51.45 | 0.0 | 0.0 | -17.85 | 0.0 | 0.0 | -4.17 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | -36.21 | 0.0 | 0.0 | 314.96 | 0.0 | 0.0 | 63.56 | 0.0 | 0.0 | 36.44 | 0.0 | 0.0 | 15.36 | 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) | -1.67 | 0 | -11.30 | 0 | -37.04 | 0 | 6.49 | -5.42 | -43.84 | 0 | -39.93 | 0 | -21.54 | 0 | -9.66 | 0 | 0.26 | -10.34 | -32.65 | 0 | 118.82 | 23.62 | 84.75 | 8.7 | 15.68 | -28.85 | 0.31 | 240.08 | 17.45 | -4.44 |
| 2022 (9) | -2.71 | 0 | -14.44 | 0 | -41.18 | 0 | 6.87 | 294.98 | -52.86 | 0 | -54.10 | 0 | -33.87 | 0 | -15.13 | 0 | 0.29 | -69.47 | -42.69 | 0 | 96.12 | -28.73 | 77.97 | -10.24 | 22.03 | 67.66 | 0.09 | 0 | 18.26 | 154.67 |
| 2021 (8) | 3.73 | 0 | 31.13 | 2155.8 | 21.62 | 0 | 1.74 | -72.67 | 24.90 | 0 | 23.55 | 0 | 58.03 | 0 | 23.20 | 0 | 0.95 | 239.29 | 27.97 | 328.99 | 134.86 | -34.28 | 86.86 | -93.8 | 13.14 | 0 | 0.00 | 0 | 7.17 | -56.33 |
| 2020 (7) | -0.49 | 0 | 1.38 | 0 | -20.03 | 0 | 6.36 | -8.33 | -1.40 | 0 | -15.02 | 0 | -4.30 | 0 | -0.96 | 0 | 0.28 | -20.0 | 6.52 | 0 | 205.20 | -34.85 | 1400.00 | 1600.9 | -1300.00 | 0 | 0.00 | 0 | 16.42 | 11.93 |
| 2019 (6) | -2.32 | 0 | -13.27 | 0 | -30.20 | 0 | 6.94 | 93.84 | -36.65 | 0 | -36.87 | 0 | -48.11 | 0 | -11.79 | 0 | 0.35 | -46.97 | -25.14 | 0 | 314.96 | 28.8 | 82.31 | 0 | 17.69 | 0 | 0.00 | 0 | 14.67 | 47.29 |
| 2018 (5) | -0.03 | 0 | 11.80 | -28.05 | 0.21 | -95.5 | 3.58 | -5.42 | 0.01 | -99.78 | -1.12 | 0 | -2.67 | 0 | 0.43 | -89.59 | 0.66 | 0.0 | 6.02 | -44.31 | 244.54 | -11.84 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 9.96 | 14.61 |
| 2017 (4) | 0.80 | 0 | 16.40 | 0 | 4.67 | 0 | 3.78 | -57.44 | 4.54 | 0 | 4.51 | 0 | 12.74 | 0 | 4.13 | 0 | 0.66 | 46.67 | 10.81 | 0 | 277.39 | -30.2 | 102.54 | 109.95 | -3.39 | 0 | 0.00 | 0 | 8.69 | -16.12 |
| 2016 (3) | -5.06 | 0 | -1.67 | 0 | -17.35 | 0 | 8.89 | -7.34 | -35.57 | 0 | -35.55 | 0 | -62.84 | 0 | -14.84 | 0 | 0.45 | 9.76 | -22.82 | 0 | 397.42 | 65.82 | 48.84 | -29.08 | 51.16 | 64.33 | 0.00 | 0 | 10.36 | -16.45 |
| 2015 (2) | -2.54 | 0 | -5.24 | 0 | -18.27 | 0 | 9.60 | 6.02 | -26.52 | 0 | -27.17 | 0 | -32.77 | 0 | -9.96 | 0 | 0.41 | -14.58 | -12.35 | 0 | 239.67 | 46.31 | 68.87 | -34.85 | 31.13 | 0 | 0.00 | 0 | 12.40 | -6.34 |
| 2014 (1) | -0.86 | 0 | 3.05 | 0 | -8.28 | 0 | 9.05 | -12.76 | -7.83 | 0 | -7.95 | 0 | -9.79 | 0 | -2.73 | 0 | 0.48 | 4.35 | 5.45 | -33.05 | 163.81 | 10.04 | 105.70 | -20.95 | -5.70 | 0 | 0.00 | 0 | 13.24 | 4.66 |
