- 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) | -0.03 | 97.06 | 99.26 | 7.20 | 220.2 | 120.73 | 4.29 | 153.56 | 111.8 | -0.35 | 96.61 | 99.1 | -0.28 | 96.61 | 99.24 | -0.25 | 97.32 | 99.08 | 0.42 | 140.0 | 107.24 | 0.12 | -33.33 | -29.41 | 4.37 | 159.7 | 112.02 | 643.39 | 7.57 | 50.18 | -1000.00 | -1406.12 | -1169.65 | 1050.00 | 4700.0 | 16025.0 | 11.66 | 36.21 | 24.17 |
| 24Q2 (19) | -1.02 | 6.42 | -1120.0 | -5.99 | 59.88 | -248.64 | -8.01 | 60.87 | -428.28 | -10.33 | 57.7 | -968.07 | -8.26 | 57.73 | -1629.63 | -9.32 | -2.31 | -1892.31 | -1.05 | 13.93 | -323.4 | 0.18 | 125.0 | -30.77 | -7.32 | 60.58 | -351.55 | 598.14 | 24.84 | 112.4 | 76.56 | -8.66 | -61.72 | 21.88 | 35.23 | 121.88 | 8.56 | -53.43 | 30.49 |
| 24Q1 (18) | -1.09 | -147.73 | -253.52 | -14.93 | -168.53 | -233.07 | -20.47 | -215.41 | -322.5 | -24.42 | -203.35 | -428.23 | -19.54 | -663.28 | -436.32 | -9.11 | -165.6 | -340.37 | -1.22 | -388.0 | -193.85 | 0.08 | -66.67 | -52.94 | -18.57 | -204.43 | -293.44 | 479.14 | -1.31 | 74.6 | 83.82 | 5.16 | -32.61 | 16.18 | -14.14 | 166.32 | 18.38 | 155.99 | 106.29 |
| 23Q4 (17) | -0.44 | 89.14 | -144.44 | -5.56 | 84.0 | -161.44 | -6.49 | 82.16 | -187.35 | -8.05 | 79.31 | -227.78 | -2.56 | 93.01 | -151.1 | -3.43 | 87.43 | -161.25 | -0.25 | 95.69 | -113.89 | 0.24 | 41.18 | -20.0 | -6.10 | 83.22 | -179.53 | 485.52 | 13.33 | 75.1 | 79.71 | -14.74 | -32.19 | 18.84 | 189.34 | 207.39 | 7.18 | -23.54 | 7.81 |
| 23Q3 (16) | -4.05 | -4150.0 | -530.85 | -34.74 | -962.03 | -381.75 | -36.37 | -1590.57 | -459.39 | -38.91 | -3369.75 | -553.5 | -36.62 | -6881.48 | -633.04 | -27.29 | -5348.08 | -583.87 | -5.80 | -1334.04 | -418.68 | 0.17 | -34.62 | -22.73 | -36.35 | -1349.14 | -454.98 | 428.41 | 52.13 | 59.17 | 93.49 | -53.26 | -19.87 | 6.51 | 106.51 | 135.16 | 9.39 | 43.14 | 21.95 |
| 23Q2 (15) | 0.10 | -85.92 | -82.14 | 4.03 | -64.08 | -58.11 | 2.44 | -73.48 | -69.42 | 1.19 | -84.01 | -79.16 | 0.54 | -90.71 | -87.67 | 0.52 | -86.28 | -83.49 | 0.47 | -63.85 | -58.04 | 0.26 | 52.94 | 36.84 | 2.91 | -69.69 | -62.26 | 281.61 | 2.62 | 6.35 | 200.00 | 60.78 | 42.86 | -100.00 | -310.0 | -150.0 | 6.56 | -26.37 | -6.42 |
| 23Q1 (14) | 0.71 | -28.28 | 69.05 | 11.22 | 23.98 | 17.0 | 9.20 | 23.82 | 28.31 | 7.44 | 18.1 | 30.99 | 5.81 | 15.97 | 27.69 | 3.79 | -32.32 | 57.92 | 1.30 | -27.78 | 58.54 | 0.17 | -43.33 | 21.43 | 9.60 | 25.16 | 22.92 | 274.42 | -1.03 | -4.33 | 124.39 | 5.82 | -2.26 | -24.39 | -39.02 | 10.57 | 8.91 | 33.78 | -12.39 |
| 22Q4 (13) | 0.99 | 5.32 | -36.13 | 9.05 | -26.6 | -23.89 | 7.43 | -26.58 | -28.42 | 6.30 | -26.57 | -35.52 | 5.01 | -27.07 | -24.89 | 5.60 | -0.71 | -39.72 | 1.80 | -1.1 | -35.94 | 0.30 | 36.36 | -23.08 | 7.67 | -25.1 | -26.95 | 277.28 | 3.02 | -4.39 | 117.54 | 0.75 | 10.49 | -17.54 | 5.26 | -174.85 | 6.66 | -13.51 | 21.53 |
| 22Q3 (12) | 0.94 | 67.86 | 184.85 | 12.33 | 28.17 | 54.12 | 10.12 | 26.82 | 87.06 | 8.58 | 50.26 | 130.03 | 6.87 | 56.85 | 148.01 | 5.64 | 79.05 | 171.15 | 1.82 | 62.5 | 95.7 | 0.22 | 15.79 | -12.0 | 10.24 | 32.81 | 101.97 | 269.16 | 1.65 | 20.07 | 116.67 | -16.67 | -22.22 | -18.52 | 53.7 | 58.33 | 7.70 | 9.84 | 10.16 |
| 22Q2 (11) | 0.56 | 33.33 | -18.84 | 9.62 | 0.31 | -8.47 | 7.98 | 11.3 | 11.14 | 5.71 | 0.53 | 3.44 | 4.38 | -3.74 | -20.65 | 3.15 | 31.25 | -23.17 | 1.12 | 36.59 | -30.43 | 0.19 | 35.71 | -24.0 | 7.71 | -1.28 | 14.73 | 264.79 | -7.69 | 43.25 | 140.00 | 10.0 | 7.06 | -40.00 | -46.67 | -30.0 | 7.01 | -31.07 | -14.51 |
| 22Q1 (10) | 0.42 | -72.9 | -2.33 | 9.59 | -19.34 | 10.36 | 7.17 | -30.92 | 7.82 | 5.68 | -41.86 | 15.45 | 4.55 | -31.78 | -7.52 | 2.40 | -74.17 | -9.09 | 0.82 | -70.82 | -24.07 | 0.14 | -64.1 | -22.22 | 7.81 | -25.62 | 18.15 | 286.84 | -1.09 | 41.82 | 127.27 | 19.64 | -7.44 | -27.27 | -327.27 | 27.27 | 10.17 | 85.58 | 17.17 |
| 21Q4 (9) | 1.55 | 369.7 | -20.51 | 11.89 | 48.63 | -28.59 | 10.38 | 91.87 | -27.87 | 9.77 | 161.93 | -30.95 | 6.67 | 140.79 | -52.36 | 9.29 | 346.63 | -28.65 | 2.81 | 202.15 | -36.43 | 0.39 | 56.0 | 30.0 | 10.50 | 107.1 | -30.78 | 290.01 | 29.37 | 39.8 | 106.38 | -29.08 | 5.0 | -6.38 | 85.64 | -385.11 | 5.48 | -21.6 | -22.05 |
| 21Q3 (8) | 0.33 | -52.17 | -13.16 | 8.00 | -23.88 | 29.24 | 5.41 | -24.65 | 30.68 | 3.73 | -32.43 | 15.48 | 2.77 | -49.82 | -17.31 | 2.08 | -49.27 | -24.36 | 0.93 | -42.24 | -16.22 | 0.25 | 0.0 | -10.71 | 5.07 | -24.55 | 22.17 | 224.17 | 21.28 | 5.67 | 150.00 | 14.71 | 16.67 | -44.44 | -44.44 | -55.56 | 6.99 | -14.76 | 14.03 |
| 21Q2 (7) | 0.69 | 60.47 | 115.62 | 10.51 | 20.94 | 63.71 | 7.18 | 7.97 | 74.7 | 5.52 | 12.2 | 47.99 | 5.52 | 12.2 | 63.8 | 4.10 | 55.3 | 75.21 | 1.61 | 49.07 | 62.63 | 0.25 | 38.89 | 0.0 | 6.72 | 1.66 | 42.98 | 184.84 | -8.61 | 0.89 | 130.77 | -4.9 | 22.05 | -30.77 | 17.95 | -330.77 | 8.20 | -5.53 | 0 |
| 21Q1 (6) | 0.43 | -77.95 | 26.47 | 8.69 | -47.81 | -32.58 | 6.65 | -53.79 | -26.68 | 4.92 | -65.23 | -18.81 | 4.92 | -64.86 | -18.81 | 2.64 | -79.72 | 5.6 | 1.08 | -75.57 | 4.85 | 0.18 | -40.0 | 28.57 | 6.61 | -56.43 | -17.58 | 202.26 | -2.5 | 12.15 | 137.50 | 35.71 | -5.92 | -37.50 | -2750.0 | 18.75 | 8.68 | 23.47 | -27.18 |
| 20Q4 (5) | 1.95 | 413.16 | 490.91 | 16.65 | 168.98 | 156.55 | 14.39 | 247.58 | 288.92 | 14.15 | 338.08 | 379.66 | 14.00 | 317.91 | 366.67 | 13.02 | 373.45 | 420.8 | 4.42 | 298.2 | 333.33 | 0.30 | 7.14 | 7.14 | 15.17 | 265.54 | 298.16 | 207.44 | -2.22 | 0.4 | 101.32 | -21.2 | -24.01 | -1.32 | 95.39 | 94.74 | 7.03 | 14.68 | -16.11 |
| 20Q3 (4) | 0.38 | 18.75 | 0.0 | 6.19 | -3.58 | 0.0 | 4.14 | 0.73 | 0.0 | 3.23 | -13.4 | 0.0 | 3.35 | -0.59 | 0.0 | 2.75 | 17.52 | 0.0 | 1.11 | 12.12 | 0.0 | 0.28 | 12.0 | 0.0 | 4.15 | -11.7 | 0.0 | 212.14 | 15.79 | 0.0 | 128.57 | 20.0 | 0.0 | -28.57 | -300.0 | 0.0 | 6.13 | 0 | 0.0 |
| 20Q2 (3) | 0.32 | -5.88 | 0.0 | 6.42 | -50.19 | 0.0 | 4.11 | -54.69 | 0.0 | 3.73 | -38.45 | 0.0 | 3.37 | -44.39 | 0.0 | 2.34 | -6.4 | 0.0 | 0.99 | -3.88 | 0.0 | 0.25 | 78.57 | 0.0 | 4.70 | -41.4 | 0.0 | 183.21 | 1.59 | 0.0 | 107.14 | -26.69 | 0.0 | -7.14 | 84.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.34 | 3.03 | 0.0 | 12.89 | 98.61 | 0.0 | 9.07 | 145.14 | 0.0 | 6.06 | 105.42 | 0.0 | 6.06 | 102.0 | 0.0 | 2.50 | 0.0 | 0.0 | 1.03 | 0.98 | 0.0 | 0.14 | -50.0 | 0.0 | 8.02 | 110.5 | 0.0 | 180.35 | -12.71 | 0.0 | 146.15 | 9.62 | 0.0 | -46.15 | -84.62 | 0.0 | 11.92 | 42.24 | 0.0 |
| 19Q4 (1) | 0.33 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 3.70 | 0.0 | 0.0 | 2.95 | 0.0 | 0.0 | 3.00 | 0.0 | 0.0 | 2.50 | 0.0 | 0.0 | 1.02 | 0.0 | 0.0 | 0.28 | 0.0 | 0.0 | 3.81 | 0.0 | 0.0 | 206.62 | 0.0 | 0.0 | 133.33 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 8.38 | 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) | -3.75 | 0 | -5.19 | 0 | -6.67 | 0 | 0.11 | -12.23 | -8.38 | 0 | -6.75 | 0 | -25.78 | 0 | -4.23 | 0 | 0.82 | 0.0 | -6.29 | 0 | 485.52 | 75.1 | 79.83 | -34.94 | 20.17 | 0 | 0.00 | 0 | 7.78 | 3.05 |
| 2022 (9) | 2.83 | -2.75 | 10.10 | -1.75 | 8.20 | 1.49 | 0.12 | -7.21 | 6.66 | -2.77 | 5.28 | -0.75 | 16.62 | -8.18 | 5.37 | -9.29 | 0.82 | -15.46 | 8.36 | 4.63 | 277.28 | -4.39 | 122.70 | 3.93 | -23.31 | 0 | 0.00 | 0 | 7.55 | 10.22 |
| 2021 (8) | 2.91 | -2.68 | 10.28 | -4.64 | 8.08 | -3.35 | 0.13 | 2.19 | 6.85 | -8.91 | 5.32 | -28.21 | 18.10 | -11.36 | 5.92 | -19.35 | 0.97 | 7.78 | 7.99 | -7.31 | 290.01 | 39.8 | 118.06 | 6.17 | -18.06 | 0 | 0.00 | 0 | 6.85 | -7.06 |
| 2020 (7) | 2.99 | 247.67 | 10.78 | 32.43 | 8.36 | 79.78 | 0.13 | -34.28 | 7.52 | 119.24 | 7.41 | 128.0 | 20.42 | 205.69 | 7.34 | 151.37 | 0.90 | 32.35 | 8.62 | 74.85 | 207.44 | 0.4 | 111.21 | -17.19 | -11.21 | 0 | 0.00 | 0 | 7.37 | -21.68 |
| 2019 (6) | 0.86 | -51.69 | 8.14 | -2.05 | 4.65 | -11.09 | 0.20 | 23.96 | 3.43 | -35.04 | 3.25 | -40.15 | 6.68 | -56.45 | 2.92 | -54.87 | 0.68 | -38.18 | 4.93 | -18.51 | 206.62 | 5.19 | 134.29 | 34.29 | -34.29 | 0 | 0.00 | 0 | 9.41 | 94.82 |
| 2018 (5) | 1.78 | 559.26 | 8.31 | 75.69 | 5.23 | 1394.29 | 0.16 | -36.75 | 5.28 | 300.0 | 5.43 | 320.93 | 15.34 | 506.32 | 6.47 | 325.66 | 1.10 | 10.0 | 6.05 | 220.11 | 196.42 | 72.92 | 100.00 | 266.67 | 1.52 | -97.92 | 0.00 | 0 | 4.83 | -14.06 |
| 2017 (4) | 0.27 | 0 | 4.73 | 397.89 | 0.35 | 0 | 0.25 | -16.98 | 1.32 | 0 | 1.29 | 0 | 2.53 | 0 | 1.52 | 0 | 1.00 | 17.65 | 1.89 | 0 | 113.59 | 46.97 | 27.27 | -82.64 | 72.73 | 0 | 0.00 | 0 | 5.62 | -8.62 |
| 2016 (3) | -0.93 | 0 | 0.95 | -67.35 | -3.27 | 0 | 0.30 | -5.45 | -2.18 | 0 | -5.38 | 0 | -8.49 | 0 | -4.51 | 0 | 0.85 | 6.25 | -1.67 | 0 | 77.29 | -15.62 | 157.14 | 182.86 | -50.00 | 0 | 0.00 | 0 | 6.15 | -9.82 |
| 2015 (2) | -0.41 | 0 | 2.91 | 0 | -1.67 | 0 | 0.32 | -41.88 | -2.82 | 0 | -2.50 | 0 | -3.52 | 0 | -1.57 | 0 | 0.80 | 50.94 | -1.76 | 0 | 91.60 | 51.33 | 55.56 | -46.9 | 38.89 | 0 | 0.00 | 0 | 6.82 | -33.07 |
| 2014 (1) | -1.65 | 0 | -6.97 | 0 | -12.46 | 0 | 0.55 | 139.15 | -12.02 | 0 | -11.58 | 0 | -13.14 | 0 | -5.67 | 0 | 0.53 | -42.39 | -10.48 | 0 | 60.53 | -62.13 | 104.62 | 8.91 | -3.08 | 0 | 0.00 | 0 | 10.19 | 68.43 |
