- 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) | 0.00 | -100.0 | 100.0 | 33.04 | 4.42 | 33.82 | -3.15 | -259.09 | 86.09 | -0.62 | -130.24 | 97.38 | -0.14 | -111.48 | 99.43 | -0.03 | -108.11 | 99.26 | -0.01 | -104.35 | 99.62 | 0.15 | -16.67 | 36.36 | 1.33 | -63.06 | 106.72 | 59.77 | -7.32 | 8.57 | 450.00 | 350.0 | 369.57 | -400.00 | 0 | -9700.0 | 35.48 | 13.94 | -26.86 |
| 24Q2 (19) | 0.05 | -37.5 | 109.26 | 31.64 | -13.27 | 0.0 | 1.98 | -46.63 | 106.03 | 2.05 | -24.63 | 106.27 | 1.22 | -47.41 | 103.95 | 0.37 | -43.94 | 109.32 | 0.23 | -45.24 | 108.75 | 0.18 | 0.0 | 100.0 | 3.60 | -19.64 | 113.04 | 64.49 | 7.09 | 23.97 | 100.00 | -25.0 | 0.0 | 0.00 | 100.0 | 0 | 31.14 | -3.62 | -50.19 |
| 24Q1 (18) | 0.08 | 157.14 | 112.5 | 36.48 | 86.5 | 39.5 | 3.71 | 113.94 | 109.14 | 2.72 | 112.23 | 106.87 | 2.32 | 142.41 | 106.18 | 0.66 | 158.41 | 114.77 | 0.42 | 159.15 | 114.19 | 0.18 | 38.46 | 125.0 | 4.48 | 122.78 | 113.11 | 60.22 | 4.48 | 21.19 | 133.33 | 10.77 | 29.17 | -33.33 | -63.64 | -933.33 | 32.31 | -25.91 | -51.3 |
| 23Q4 (17) | -0.14 | 73.58 | -250.0 | 19.56 | -20.78 | -38.1 | -26.61 | -17.54 | -352.55 | -22.24 | 6.0 | -392.04 | -5.47 | 77.75 | -244.03 | -1.13 | 72.3 | -289.66 | -0.71 | 73.21 | -294.44 | 0.13 | 18.18 | 8.33 | -19.67 | 0.66 | -2298.78 | 57.64 | 4.7 | 12.95 | 120.37 | 25.6 | -5.42 | -20.37 | -588.89 | 25.31 | 43.61 | -10.1 | 13.39 |
| 23Q3 (16) | -0.53 | 1.85 | -232.5 | 24.69 | -21.97 | -44.49 | -22.64 | 31.04 | -227.77 | -23.66 | 27.69 | -253.34 | -24.58 | 20.38 | -330.15 | -4.08 | -2.77 | -247.83 | -2.65 | -0.76 | -255.88 | 0.11 | 22.22 | -31.25 | -19.80 | 28.29 | -210.18 | 55.05 | 5.82 | -5.8 | 95.83 | -4.17 | -16.73 | 4.17 | 0 | 127.6 | 48.51 | -22.41 | 61.27 |
| 23Q2 (15) | -0.54 | 15.62 | 77.31 | 31.64 | 20.99 | -3.27 | -32.83 | 19.14 | -444.85 | -32.72 | 17.31 | 44.4 | -30.87 | 17.72 | 34.47 | -3.97 | 11.19 | 74.3 | -2.63 | 11.15 | 73.86 | 0.09 | 12.5 | -57.14 | -27.61 | 19.22 | 51.53 | 52.02 | 4.69 | -22.53 | 100.00 | -3.12 | 725.0 | -0.00 | 100.0 | -100.0 | 62.52 | -5.77 | 152.81 |
| 23Q1 (14) | -0.64 | -1500.0 | -378.26 | 26.15 | -17.25 | -15.34 | -40.60 | -590.48 | -916.9 | -39.57 | -775.44 | -621.34 | -37.52 | -2259.75 | -711.07 | -4.47 | -1441.38 | -428.68 | -2.96 | -1544.44 | -402.04 | 0.08 | -33.33 | -50.0 | -34.18 | -4068.29 | -440.78 | 49.69 | -2.63 | 19.65 | 103.23 | -18.89 | 57.87 | -3.23 | 88.17 | -109.32 | 66.35 | 72.52 | 111.78 |
| 22Q4 (13) | -0.04 | -110.0 | -103.57 | 31.60 | -28.96 | -9.59 | -5.88 | -133.18 | -129.36 | -4.52 | -129.29 | -122.72 | -1.59 | -114.89 | -110.8 | -0.29 | -110.51 | -104.36 | -0.18 | -110.59 | -103.7 | 0.12 | -25.0 | -63.64 | -0.82 | -104.56 | -103.9 | 51.03 | -12.68 | 27.67 | 127.27 | 10.58 | 26.39 | -27.27 | -80.68 | -3827.27 | 38.46 | 27.86 | 158.82 |
| 22Q3 (12) | 0.40 | 116.81 | 60.0 | 44.48 | 35.98 | 6.95 | 17.72 | 86.13 | 83.82 | 15.43 | 126.22 | 54.92 | 10.68 | 122.67 | 51.7 | 2.76 | 117.86 | 85.23 | 1.70 | 116.9 | 54.55 | 0.16 | -23.81 | 0.0 | 17.97 | 131.55 | 49.13 | 58.44 | -12.97 | 70.48 | 115.09 | 819.34 | 18.69 | -15.09 | -113.01 | -598.11 | 30.08 | 21.63 | -5.68 |
| 22Q2 (11) | -2.38 | -1134.78 | -1883.33 | 32.71 | 5.89 | 0.4 | 9.52 | 91.55 | 215.82 | -58.85 | -875.36 | -713.97 | -47.11 | -867.26 | -924.13 | -15.45 | -1236.03 | -1987.84 | -10.06 | -1126.53 | -1834.62 | 0.21 | 31.25 | 75.0 | -56.96 | -667.9 | -1200.46 | 67.15 | 61.69 | 77.22 | -16.00 | -124.47 | -113.71 | 116.00 | 235.11 | 1144.0 | 24.73 | -21.07 | -39.37 |
| 22Q1 (10) | 0.23 | -79.46 | 43.75 | 30.89 | -11.62 | -20.18 | 4.97 | -75.19 | 1.22 | 7.59 | -61.84 | 25.25 | 6.14 | -58.29 | 11.23 | 1.36 | -79.55 | 49.45 | 0.98 | -79.84 | 44.12 | 0.16 | -51.52 | 33.33 | 10.03 | -52.35 | 19.55 | 41.53 | 3.9 | 2.44 | 65.38 | -35.07 | -14.5 | 34.62 | 5084.62 | 96.15 | 31.33 | 110.83 | -19.4 |
| 21Q4 (9) | 1.12 | 348.0 | 17.89 | 34.95 | -15.97 | -12.08 | 20.03 | 107.78 | 5.14 | 19.89 | 99.7 | 1.95 | 14.72 | 109.09 | -6.6 | 6.65 | 346.31 | 25.0 | 4.86 | 341.82 | 18.83 | 0.33 | 106.25 | 26.92 | 21.05 | 74.69 | 2.38 | 39.97 | 16.6 | 23.14 | 100.69 | 3.84 | 3.49 | -0.69 | -122.92 | -125.69 | 14.86 | -53.4 | -32.24 |
| 21Q3 (8) | 0.25 | 308.33 | -65.28 | 41.59 | 27.66 | 1.81 | 9.64 | 217.27 | -47.55 | 9.96 | 237.76 | -48.69 | 7.04 | 253.04 | -48.91 | 1.49 | 301.35 | -65.02 | 1.10 | 311.54 | -65.41 | 0.16 | 33.33 | -30.43 | 12.05 | 375.11 | -41.08 | 34.28 | -9.53 | 22.91 | 96.97 | -16.88 | 2.3 | 3.03 | 127.27 | -41.82 | 31.89 | -21.82 | 39.32 |
| 21Q2 (7) | -0.12 | -175.0 | -121.82 | 32.58 | -15.81 | -31.42 | -8.22 | -267.41 | -146.05 | -7.23 | -219.31 | -139.55 | -4.60 | -183.33 | -135.69 | -0.74 | -181.32 | -122.02 | -0.52 | -176.47 | -121.58 | 0.12 | 0.0 | -36.84 | -4.38 | -152.21 | -122.18 | 37.89 | -6.54 | -5.63 | 116.67 | 52.56 | 19.95 | -11.11 | -162.96 | -505.56 | 40.79 | 4.94 | 0 |
| 21Q1 (6) | 0.16 | -83.16 | 900.0 | 38.70 | -2.64 | 1.31 | 4.91 | -74.23 | 270.49 | 6.06 | -68.94 | 322.79 | 5.52 | -64.97 | 749.41 | 0.91 | -82.89 | 800.0 | 0.68 | -83.37 | 855.56 | 0.12 | -53.85 | 9.09 | 8.39 | -59.19 | 2146.34 | 40.54 | 24.89 | 2.74 | 76.47 | -21.41 | -23.53 | 17.65 | 552.94 | 0 | 38.87 | 77.25 | -3.16 |
| 20Q4 (5) | 0.95 | 31.94 | -52.5 | 39.75 | -2.69 | -0.77 | 19.05 | 3.65 | -28.62 | 19.51 | 0.52 | -25.85 | 15.76 | 14.37 | -24.92 | 5.32 | 24.88 | -56.14 | 4.09 | 28.62 | -55.88 | 0.26 | 13.04 | -40.91 | 20.56 | 0.54 | -23.63 | 32.46 | 16.39 | 0.46 | 97.30 | 2.64 | -3.92 | 2.70 | -48.11 | 313.51 | 21.93 | -4.19 | 50.41 |
| 20Q3 (4) | 0.72 | 30.91 | 0.0 | 40.85 | -14.02 | 0.0 | 18.38 | 2.97 | 0.0 | 19.41 | 6.18 | 0.0 | 13.78 | 6.9 | 0.0 | 4.26 | 26.79 | 0.0 | 3.18 | 31.95 | 0.0 | 0.23 | 21.05 | 0.0 | 20.45 | 3.54 | 0.0 | 27.89 | -30.54 | 0.0 | 94.79 | -2.54 | 0.0 | 5.21 | 90.1 | 0.0 | 22.89 | 0 | 0.0 |
| 20Q2 (3) | 0.55 | 2850.0 | 0.0 | 47.51 | 24.37 | 0.0 | 17.85 | 719.79 | 0.0 | 18.28 | 772.06 | 0.0 | 12.89 | 1616.47 | 0.0 | 3.36 | 2684.62 | 0.0 | 2.41 | 2777.78 | 0.0 | 0.19 | 72.73 | 0.0 | 19.75 | 4917.07 | 0.0 | 40.15 | 1.75 | 0.0 | 97.26 | -2.74 | 0.0 | 2.74 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.02 | -101.0 | 0.0 | 38.20 | -4.64 | 0.0 | -2.88 | -110.79 | 0.0 | -2.72 | -110.34 | 0.0 | -0.85 | -104.05 | 0.0 | -0.13 | -101.07 | 0.0 | -0.09 | -100.97 | 0.0 | 0.11 | -75.0 | 0.0 | -0.41 | -101.52 | 0.0 | 39.46 | 22.13 | 0.0 | 100.00 | -1.25 | 0.0 | -0.00 | 100.0 | 0.0 | 40.14 | 175.31 | 0.0 |
| 19Q4 (1) | 2.00 | 0.0 | 0.0 | 40.06 | 0.0 | 0.0 | 26.69 | 0.0 | 0.0 | 26.31 | 0.0 | 0.0 | 20.99 | 0.0 | 0.0 | 12.13 | 0.0 | 0.0 | 9.27 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | 26.92 | 0.0 | 0.0 | 32.31 | 0.0 | 0.0 | 101.27 | 0.0 | 0.0 | -1.27 | 0.0 | 0.0 | 14.58 | 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) | -1.85 | 0 | 24.83 | -28.96 | -29.76 | 0 | 3.65 | 76.74 | -28.40 | 0 | -22.49 | 0 | -13.66 | 0 | -8.83 | 0 | 0.39 | -40.0 | -24.51 | 0 | 57.64 | 12.95 | 104.59 | 0 | -4.59 | 0 | 0.16 | 10.15 | 53.59 | 78.22 |
| 2022 (9) | -1.79 | 0 | 34.95 | -4.56 | 7.73 | -28.03 | 2.07 | 30.46 | -14.67 | 0 | -11.78 | 0 | -11.17 | 0 | -7.66 | 0 | 0.65 | -5.8 | -12.18 | 0 | 51.03 | 27.67 | -52.91 | 0 | 152.43 | 4345.79 | 0.15 | -17.06 | 30.07 | 12.54 |
| 2021 (8) | 1.41 | -35.62 | 36.62 | -12.1 | 10.74 | -30.4 | 1.58 | 50.24 | 11.10 | -30.63 | 8.44 | -30.42 | 7.96 | -34.97 | 5.88 | -36.5 | 0.69 | -9.21 | 12.92 | -25.45 | 39.97 | 23.14 | 97.14 | 0.84 | 3.43 | -6.4 | 0.18 | -41.77 | 26.72 | 1.87 |
| 2020 (7) | 2.19 | -21.51 | 41.66 | 9.6 | 15.43 | -7.38 | 1.05 | 25.47 | 16.00 | -4.88 | 12.13 | -6.76 | 12.24 | -28.3 | 9.26 | -30.69 | 0.76 | -25.49 | 17.33 | -3.62 | 32.46 | 0.46 | 96.34 | -2.81 | 3.66 | 315.14 | 0.30 | -44.61 | 26.23 | 19.06 |
| 2019 (6) | 2.79 | 830.0 | 38.01 | 24.99 | 16.66 | 548.25 | 0.84 | 49.25 | 16.82 | 500.71 | 13.01 | 708.07 | 17.07 | 775.38 | 13.36 | 729.81 | 1.02 | 4.08 | 17.98 | 384.64 | 32.31 | 40.11 | 99.12 | 7.74 | 0.88 | -88.97 | 0.55 | -46.01 | 22.03 | -17.18 |
| 2018 (5) | 0.30 | -70.87 | 30.41 | -9.63 | 2.57 | -65.69 | 0.56 | -1.52 | 2.80 | -64.29 | 1.61 | -70.99 | 1.95 | -66.95 | 1.61 | -63.82 | 0.98 | 22.5 | 3.71 | -56.71 | 23.06 | 1.23 | 92.00 | -3.79 | 8.00 | 82.67 | 1.02 | 0 | 26.60 | -2.31 |
| 2017 (4) | 1.03 | -77.75 | 33.65 | -14.7 | 7.49 | -61.96 | 0.57 | 57.37 | 7.84 | -61.44 | 5.55 | -65.05 | 5.90 | -75.57 | 4.45 | -73.16 | 0.80 | -23.08 | 8.57 | -58.82 | 22.78 | -44.18 | 95.62 | -1.2 | 4.38 | 36.25 | 0.00 | 0 | 27.23 | 43.24 |
| 2016 (3) | 4.63 | -14.42 | 39.45 | 10.47 | 19.69 | 0.56 | 0.36 | 16.38 | 20.33 | -0.73 | 15.88 | -0.38 | 24.15 | -19.37 | 16.58 | -18.65 | 1.04 | -18.75 | 20.81 | -0.29 | 40.81 | -19.25 | 96.79 | 1.26 | 3.21 | -27.18 | 0.00 | 0 | 19.01 | 11.04 |
| 2015 (2) | 5.41 | 169.15 | 35.71 | 6.41 | 19.58 | 66.64 | 0.31 | -53.82 | 20.48 | 62.15 | 15.94 | 61.5 | 29.95 | 158.64 | 20.38 | 137.81 | 1.28 | 47.13 | 20.87 | 56.21 | 50.54 | 18.06 | 95.59 | 2.78 | 4.41 | -36.91 | 0.00 | 0 | 17.12 | -22.53 |
| 2014 (1) | 2.01 | -40.53 | 33.56 | 0 | 11.75 | 0 | 0.68 | 11.1 | 12.63 | 0 | 9.87 | 0 | 11.58 | 0 | 8.57 | 0 | 0.87 | -23.01 | 13.36 | -26.07 | 42.81 | 52.29 | 93.00 | -3.38 | 7.00 | 87.02 | 0.00 | 0 | 22.10 | 29.54 |
