- 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) | 0.26 | 550.0 | -21.21 | 13.33 | -18.22 | 25.99 | 4.19 | 59.92 | -15.69 | 3.33 | 597.01 | -22.92 | 2.91 | 277.44 | -18.03 | 0.74 | 248.0 | -45.59 | 0.44 | 2100.0 | -36.23 | 0.10 | -9.09 | -28.57 | 9.61 | 91.05 | 21.49 | 148.55 | -13.59 | -10.61 | 126.32 | 133.24 | 10.19 | -26.32 | -105.48 | -79.82 | 6.14 | 19.46 | 48.31 |
| 24Q2 (19) | 0.04 | -73.33 | -20.0 | 16.30 | 46.32 | 92.67 | 2.62 | -42.29 | 40.11 | -0.67 | -152.76 | -323.33 | -1.64 | -274.47 | -645.45 | -0.50 | -261.29 | -455.56 | 0.02 | -93.94 | -86.67 | 0.11 | -8.33 | -31.25 | 5.03 | -22.02 | 38.57 | 171.91 | 5.25 | 5.3 | -380.00 | -205.56 | -157.0 | 480.00 | 284.62 | 190.0 | 5.14 | 3.63 | 23.56 |
| 24Q1 (18) | 0.15 | 109.68 | 104.39 | 11.14 | 4.01 | 75.43 | 4.54 | 139.96 | 109.63 | 1.27 | 109.03 | 102.63 | 0.94 | 107.78 | 102.44 | 0.31 | 106.03 | 102.9 | 0.33 | 120.25 | 107.97 | 0.12 | -25.0 | 9.09 | 6.45 | 165.28 | 114.75 | 163.34 | -2.95 | 9.26 | 360.00 | 348.47 | 268.88 | -260.00 | -1465.0 | -10904.44 | 4.96 | 16.16 | -13.13 |
| 23Q4 (17) | -1.55 | -569.7 | -2314.29 | 10.71 | 1.23 | 26.3 | -11.36 | -328.57 | -460.63 | -14.07 | -425.69 | -1581.05 | -12.09 | -440.56 | -4936.0 | -5.14 | -477.94 | -6525.0 | -1.63 | -336.23 | -779.17 | 0.16 | 14.29 | 14.29 | -9.88 | -224.91 | -301.22 | 168.30 | 1.27 | 15.82 | 80.27 | -29.98 | -76.7 | 19.05 | 230.16 | 107.79 | 4.27 | 3.14 | -18.67 |
| 23Q3 (16) | 0.33 | 560.0 | 164.71 | 10.58 | 25.06 | 34.09 | 4.97 | 165.78 | 224.87 | 4.32 | 1340.0 | 177.84 | 3.55 | 1713.64 | 192.21 | 1.36 | 1611.11 | 192.52 | 0.69 | 360.0 | 264.29 | 0.14 | -12.5 | -6.67 | 7.91 | 117.91 | 435.17 | 166.19 | 1.8 | 16.32 | 114.63 | -82.8 | 57.0 | -14.63 | 97.26 | -151.22 | 4.14 | -0.48 | 1.47 |
| 23Q2 (15) | 0.05 | 101.46 | -89.8 | 8.46 | 33.23 | -21.16 | 1.87 | 103.97 | -56.31 | 0.30 | 100.62 | -93.87 | -0.22 | 99.43 | -105.06 | -0.09 | 99.16 | -105.49 | 0.15 | 103.62 | -82.56 | 0.16 | 45.45 | 0.0 | 3.63 | 108.3 | -55.84 | 163.25 | 9.2 | 2.88 | 666.67 | 583.11 | 671.24 | -533.33 | -22262.96 | -4595.24 | 4.16 | -27.15 | 8.9 |
| 23Q1 (14) | -3.42 | -4985.71 | -660.66 | 6.35 | -25.12 | -52.43 | -47.16 | -1597.14 | -746.91 | -48.29 | -5183.16 | -742.15 | -38.45 | -15480.0 | -950.66 | -10.68 | -13450.0 | -816.78 | -4.14 | -1825.0 | -581.4 | 0.11 | -21.43 | -26.67 | -43.74 | -990.84 | -498.36 | 149.49 | 2.88 | 22.35 | 97.59 | -71.67 | 0.03 | 2.41 | 100.98 | -34.22 | 5.71 | 8.76 | 46.41 |
| 22Q4 (13) | 0.07 | 113.73 | -95.07 | 8.48 | 7.48 | -26.07 | 3.15 | 179.15 | -39.77 | 0.95 | 117.12 | -80.53 | 0.25 | 106.49 | -95.58 | 0.08 | 105.44 | -97.69 | 0.24 | 157.14 | -85.88 | 0.14 | -6.67 | -48.15 | 4.91 | 308.05 | -24.92 | 145.31 | 1.71 | 11.81 | 344.44 | 371.74 | 220.81 | -244.44 | -955.56 | -3217.46 | 5.25 | 28.68 | 139.73 |
| 22Q3 (12) | -0.51 | -204.08 | -296.15 | 7.89 | -26.47 | 3.54 | -3.98 | -192.99 | -239.16 | -5.55 | -213.5 | -378.89 | -3.85 | -188.51 | -387.31 | -1.47 | -189.63 | -349.15 | -0.42 | -148.84 | -210.53 | 0.15 | -6.25 | -28.57 | -2.36 | -128.71 | -162.77 | 142.87 | -9.96 | 18.21 | 73.02 | -15.53 | -49.58 | 28.57 | 140.82 | 163.74 | 4.08 | 6.81 | 22.16 |
| 22Q2 (11) | 0.49 | -19.67 | -48.42 | 10.73 | -19.63 | -2.63 | 4.28 | -41.29 | -40.14 | 4.89 | -34.97 | -28.51 | 4.35 | -3.76 | -17.61 | 1.64 | 10.07 | -20.77 | 0.86 | 0.0 | -23.21 | 0.16 | 6.67 | -20.0 | 8.22 | -25.14 | -5.73 | 158.68 | 29.87 | 58.85 | 86.44 | -11.4 | -17.09 | 11.86 | 224.29 | 378.81 | 3.82 | -2.05 | 33.57 |
| 22Q1 (10) | 0.61 | -57.04 | 12.96 | 13.35 | 16.39 | -4.16 | 7.29 | 39.39 | -0.14 | 7.52 | 54.1 | 67.86 | 4.52 | -20.0 | 41.69 | 1.49 | -57.06 | 39.25 | 0.86 | -49.41 | 38.71 | 0.15 | -44.44 | -6.25 | 10.98 | 67.89 | 59.83 | 122.18 | -5.99 | 22.46 | 97.56 | -9.13 | -40.05 | 3.66 | 149.65 | 105.83 | 3.90 | 78.08 | 26.21 |
| 21Q4 (9) | 1.42 | 446.15 | -54.63 | 11.47 | 50.52 | -38.96 | 5.23 | 82.87 | -60.26 | 4.88 | 145.23 | -68.48 | 5.65 | 321.64 | -55.96 | 3.47 | 488.14 | -53.67 | 1.70 | 347.37 | -53.8 | 0.27 | 28.57 | -3.57 | 6.54 | 73.94 | -61.37 | 129.96 | 7.53 | 13.79 | 107.37 | -25.86 | 26.59 | -7.37 | 83.56 | -149.74 | 2.19 | -34.43 | -20.36 |
| 21Q3 (8) | 0.26 | -72.63 | -87.38 | 7.62 | -30.85 | -65.81 | 2.86 | -60.0 | -81.84 | 1.99 | -70.91 | -86.87 | 1.34 | -74.62 | -88.39 | 0.59 | -71.5 | -90.51 | 0.38 | -66.07 | -87.7 | 0.21 | 5.0 | -19.23 | 3.76 | -56.88 | -77.55 | 120.86 | 20.99 | 18.36 | 144.83 | 38.92 | 39.46 | -44.83 | -953.45 | -1065.52 | 3.34 | 16.78 | 0 |
| 21Q2 (7) | 0.95 | 75.93 | -76.49 | 11.02 | -20.89 | -58.52 | 7.15 | -2.05 | -68.68 | 6.84 | 52.68 | -70.58 | 5.28 | 65.52 | -71.57 | 2.07 | 93.46 | -84.31 | 1.12 | 80.65 | -81.14 | 0.20 | 25.0 | -35.48 | 8.72 | 26.93 | -64.85 | 99.89 | 0.12 | -13.16 | 104.26 | -35.94 | 6.0 | -4.26 | 93.22 | -321.88 | 2.86 | -7.44 | 45.18 |
| 21Q1 (6) | 0.54 | -82.75 | -36.47 | 13.93 | -25.86 | -34.39 | 7.30 | -44.53 | -39.22 | 4.48 | -71.06 | -59.57 | 3.19 | -75.14 | -62.25 | 1.07 | -85.71 | -63.73 | 0.62 | -83.15 | -51.94 | 0.16 | -42.86 | 14.29 | 6.87 | -59.42 | -53.27 | 99.77 | -12.64 | -30.08 | 162.75 | 91.88 | 50.84 | -62.75 | -523.53 | -694.77 | 3.09 | 12.36 | -17.6 |
| 20Q4 (5) | 3.13 | 51.94 | 12.19 | 18.79 | -15.7 | 5.09 | 13.16 | -16.44 | 4.2 | 15.48 | 2.11 | 32.19 | 12.83 | 11.18 | 30.92 | 7.49 | 20.42 | -26.57 | 3.68 | 19.09 | -2.65 | 0.28 | 7.69 | -24.32 | 16.93 | 1.07 | 29.53 | 114.21 | 11.85 | -31.58 | 84.81 | -18.33 | -21.37 | 14.81 | 485.19 | 288.24 | 2.75 | 0 | 16.53 |
| 20Q3 (4) | 2.06 | -49.01 | 0.0 | 22.29 | -16.11 | 0.0 | 15.75 | -31.01 | 0.0 | 15.16 | -34.8 | 0.0 | 11.54 | -37.86 | 0.0 | 6.22 | -52.84 | 0.0 | 3.09 | -47.98 | 0.0 | 0.26 | -16.13 | 0.0 | 16.75 | -32.49 | 0.0 | 102.11 | -11.23 | 0.0 | 103.85 | 5.58 | 0.0 | -3.85 | -300.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q2 (3) | 4.04 | 375.29 | 0.0 | 26.57 | 25.15 | 0.0 | 22.83 | 90.09 | 0.0 | 23.25 | 109.84 | 0.0 | 18.57 | 119.76 | 0.0 | 13.19 | 347.12 | 0.0 | 5.94 | 360.47 | 0.0 | 0.31 | 121.43 | 0.0 | 24.81 | 68.78 | 0.0 | 115.03 | -19.39 | 0.0 | 98.36 | -8.84 | 0.0 | 1.92 | 124.29 | 0.0 | 1.97 | -47.47 | 0.0 |
| 20Q1 (2) | 0.85 | -69.53 | 0.0 | 21.23 | 18.74 | 0.0 | 12.01 | -4.91 | 0.0 | 11.08 | -5.38 | 0.0 | 8.45 | -13.78 | 0.0 | 2.95 | -71.08 | 0.0 | 1.29 | -65.87 | 0.0 | 0.14 | -62.16 | 0.0 | 14.70 | 12.47 | 0.0 | 142.70 | -14.51 | 0.0 | 107.89 | 0.02 | 0.0 | -7.89 | -0.31 | 0.0 | 3.75 | 58.9 | 0.0 |
| 19Q4 (1) | 2.79 | 0.0 | 0.0 | 17.88 | 0.0 | 0.0 | 12.63 | 0.0 | 0.0 | 11.71 | 0.0 | 0.0 | 9.80 | 0.0 | 0.0 | 10.20 | 0.0 | 0.0 | 3.78 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | 13.07 | 0.0 | 0.0 | 166.92 | 0.0 | 0.0 | 107.87 | 0.0 | 0.0 | -7.87 | 0.0 | 0.0 | 2.36 | 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) | -4.58 | 0 | 9.17 | -9.57 | -10.93 | 0 | 1.81 | 8.53 | -12.50 | 0 | -10.29 | 0 | -14.85 | 0 | -4.99 | 0 | 0.56 | -8.2 | -8.60 | 0 | 168.30 | 15.82 | 87.42 | -34.99 | 12.58 | 0 | 1.34 | 1.56 | 4.50 | 6.38 |
| 2022 (9) | 0.66 | -79.25 | 10.14 | -6.89 | 2.63 | -52.09 | 1.67 | 56.53 | 1.96 | -56.92 | 1.36 | -66.25 | 1.96 | -73.08 | 1.59 | -57.14 | 0.61 | -24.69 | 5.43 | -15.55 | 145.31 | 11.81 | 134.48 | 11.31 | -34.48 | 0 | 1.32 | 12.89 | 4.23 | 51.07 |
| 2021 (8) | 3.18 | -68.36 | 10.89 | -51.1 | 5.49 | -66.73 | 1.07 | -9.13 | 4.55 | -73.41 | 4.03 | -70.41 | 7.28 | -73.79 | 3.71 | -69.81 | 0.81 | -6.9 | 6.43 | -66.0 | 129.96 | 13.79 | 120.82 | 25.18 | -20.82 | 0 | 1.17 | -14.19 | 2.80 | 16.67 |
| 2020 (7) | 10.05 | 40.76 | 22.27 | 50.78 | 16.50 | 54.21 | 1.17 | -6.78 | 17.11 | 76.03 | 13.62 | 80.16 | 27.78 | 5.43 | 12.29 | 14.65 | 0.87 | -35.07 | 18.91 | 64.43 | 114.21 | -31.58 | 96.52 | -12.32 | 3.59 | 0 | 1.37 | 0 | 2.40 | 5.26 |
| 2019 (6) | 7.14 | 3.18 | 14.77 | -11.66 | 10.70 | -16.86 | 1.26 | -36.25 | 9.72 | -11.56 | 7.56 | -15.81 | 26.35 | -16.32 | 10.72 | -15.99 | 1.34 | -1.47 | 11.50 | -14.88 | 166.92 | 11.79 | 110.08 | -5.94 | -10.08 | 0 | 0.00 | 0 | 2.28 | 7.55 |
| 2018 (5) | 6.92 | 60.93 | 16.72 | -7.98 | 12.87 | 1.42 | 1.97 | -38.49 | 10.99 | -3.09 | 8.98 | 2.16 | 31.49 | 30.23 | 12.76 | 41.31 | 1.36 | 44.68 | 13.51 | -12.73 | 149.31 | -11.84 | 117.03 | 4.67 | -17.03 | 0 | 0.00 | 0 | 2.12 | -28.62 |
| 2017 (4) | 4.30 | -18.1 | 18.17 | -13.31 | 12.69 | -24.1 | 3.21 | -18.53 | 11.34 | -28.99 | 8.79 | -27.89 | 24.18 | 0 | 9.03 | 0 | 0.94 | 0 | 15.48 | -26.88 | 169.36 | -23.27 | 111.82 | 6.85 | -11.82 | 0 | 0.00 | 0 | 2.97 | 8.39 |
| 2016 (3) | 5.25 | 0 | 20.96 | 0 | 16.72 | 0 | 3.94 | 0 | 15.97 | 0 | 12.19 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.17 | 0 | 220.73 | 0 | 104.65 | 0 | -4.65 | 0 | 0.00 | 0 | 2.74 | 0 |
