- 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) | 0.02 | 0 | -75.0 | 6.08 | 23.33 | -7.18 | 0.94 | 954.55 | -21.01 | 1.55 | -14.84 | -52.31 | 0.26 | 620.0 | -75.47 | 0.17 | 666.67 | -72.13 | 0.13 | 333.33 | -62.86 | 0.32 | 10.34 | 18.52 | 5.30 | -17.19 | -35.37 | 99.52 | 0.07 | -9.58 | 60.22 | 1063.44 | 65.84 | 38.71 | -63.21 | -38.65 | 12.27 | -12.36 | -17.76 |
| 24Q2 (19) | 0.00 | 100.0 | -100.0 | 4.93 | 79.27 | -36.96 | -0.11 | 96.18 | -105.79 | 1.82 | 300.0 | -50.27 | -0.05 | 97.04 | -102.21 | -0.03 | 96.7 | -102.59 | 0.03 | 107.32 | -95.24 | 0.29 | 7.41 | 16.0 | 6.40 | 64.1 | -27.02 | 99.45 | 1.6 | -11.32 | -6.25 | -101.95 | -112.0 | 105.21 | 147.82 | 119.51 | 14.00 | -6.67 | -11.0 |
| 24Q1 (18) | -0.13 | -132.5 | 71.74 | 2.75 | -47.32 | 195.49 | -2.88 | -130.4 | 74.45 | -0.91 | -133.33 | 91.28 | -1.69 | -130.34 | 82.1 | -0.91 | -131.6 | 72.84 | -0.41 | -127.7 | 75.0 | 0.27 | 8.0 | 50.0 | 3.90 | -20.08 | 228.29 | 97.88 | 0.26 | -0.53 | 320.00 | -2.37 | 196.46 | -220.00 | 3.41 | -2670.37 | 15.00 | -5.84 | -27.85 |
| 23Q4 (17) | 0.40 | 400.0 | -34.43 | 5.22 | -20.31 | 728.57 | -1.25 | -205.04 | 85.58 | -0.39 | -112.0 | -101.75 | 5.57 | 425.47 | -59.58 | 2.88 | 372.13 | -34.4 | 1.48 | 322.86 | -36.75 | 0.25 | -7.41 | 47.06 | 4.88 | -40.49 | -84.09 | 97.63 | -11.29 | 2.84 | 327.78 | 802.73 | 940.09 | -227.78 | -461.01 | -263.85 | 15.93 | 6.77 | -22.18 |
| 23Q3 (16) | 0.08 | -50.0 | 134.78 | 6.55 | -16.24 | 330.63 | 1.19 | -37.37 | 109.27 | 3.25 | -11.2 | 143.51 | 1.06 | -53.1 | 120.19 | 0.61 | -47.41 | 135.88 | 0.35 | -44.44 | 142.68 | 0.27 | 8.0 | 58.82 | 8.20 | -6.5 | 652.29 | 110.06 | -1.86 | 20.67 | 36.31 | -30.27 | -78.87 | 63.10 | 31.64 | 187.85 | 14.92 | -5.15 | -26.5 |
| 23Q2 (15) | 0.16 | 134.78 | 176.19 | 7.82 | 371.53 | 817.43 | 1.90 | 116.86 | 121.81 | 3.66 | 135.06 | 218.45 | 2.26 | 123.94 | 158.85 | 1.16 | 134.63 | 177.85 | 0.63 | 138.41 | 192.65 | 0.25 | 38.89 | 31.58 | 8.77 | 388.49 | 114.95 | 112.15 | 13.97 | 11.66 | 52.07 | -51.76 | -81.47 | 47.93 | 703.55 | 126.47 | 15.73 | -24.34 | -26.73 |
| 23Q1 (14) | -0.46 | -175.41 | -2400.0 | -2.88 | -557.14 | -288.24 | -11.27 | -29.99 | -174.88 | -10.44 | -146.92 | -862.04 | -9.44 | -168.51 | -3471.43 | -3.35 | -176.31 | -2333.33 | -1.64 | -170.09 | -1590.91 | 0.18 | 5.88 | -28.0 | -3.04 | -109.91 | -147.2 | 98.40 | 3.66 | -10.85 | 107.94 | 376.65 | 136.33 | -7.94 | -105.71 | -102.0 | 20.79 | 1.56 | 14.74 |
| 22Q4 (13) | 0.61 | 365.22 | 335.71 | 0.63 | 122.18 | -72.84 | -8.67 | 32.48 | -84.08 | 22.25 | 397.86 | 230.12 | 13.78 | 362.48 | 696.53 | 4.39 | 358.24 | 326.21 | 2.34 | 385.37 | 358.82 | 0.17 | 0.0 | -37.04 | 30.68 | 2714.68 | 165.63 | 94.93 | 4.08 | -17.82 | -39.02 | -122.71 | 44.15 | 139.02 | 293.57 | -18.03 | 20.47 | 0.84 | 17.37 |
| 22Q3 (12) | -0.23 | -9.52 | 4.17 | -2.84 | -160.55 | -450.62 | -12.84 | -47.42 | -186.61 | -7.47 | -141.75 | -117.15 | -5.25 | -36.72 | -82.29 | -1.70 | -14.09 | 1.16 | -0.82 | -20.59 | -6.49 | 0.17 | -10.53 | -39.29 | 1.09 | -73.28 | -37.36 | 91.21 | -9.19 | -21.7 | 171.82 | -38.87 | 31.68 | -71.82 | 60.34 | -135.61 | 20.30 | -5.45 | 26.17 |
| 22Q2 (11) | -0.21 | -1150.0 | 41.67 | -1.09 | -171.24 | -37.97 | -8.71 | -112.44 | -21.48 | -3.09 | -325.55 | 44.52 | -3.84 | -1471.43 | 23.05 | -1.49 | -1093.33 | 41.57 | -0.68 | -718.18 | 42.86 | 0.19 | -24.0 | -24.0 | 4.08 | -36.65 | 750.0 | 100.44 | -9.0 | -8.41 | 281.08 | 194.61 | 118.16 | -181.08 | -145.6 | -536.17 | 21.47 | 18.49 | 37.72 |
| 22Q1 (10) | 0.02 | -85.71 | 103.85 | 1.53 | -34.05 | 152.4 | -4.10 | 12.95 | 56.29 | 1.37 | -79.67 | 116.19 | 0.28 | -83.82 | 103.74 | 0.15 | -85.44 | 104.2 | 0.11 | -78.43 | 106.36 | 0.25 | -7.41 | 4.17 | 6.44 | -44.24 | 405.21 | 110.37 | -4.45 | 5.23 | -297.10 | -325.26 | -367.73 | 397.10 | 134.16 | 3806.28 | 18.12 | 3.9 | 5.35 |
| 21Q4 (9) | 0.14 | 158.33 | 138.89 | 2.32 | 186.42 | 23300.0 | -4.71 | -5.13 | 30.43 | 6.74 | 295.93 | 208.01 | 1.73 | 160.07 | 132.22 | 1.03 | 159.88 | 142.39 | 0.51 | 166.23 | 142.5 | 0.27 | -3.57 | 17.39 | 11.55 | 563.79 | 2787.5 | 115.51 | -0.84 | 16.87 | -69.86 | -153.54 | -164.37 | 169.59 | 656.37 | 2085.61 | 17.44 | 8.39 | 2.53 |
| 21Q3 (8) | -0.24 | 33.33 | 20.0 | 0.81 | 202.53 | 68.75 | -4.48 | 37.52 | 43.65 | -3.44 | 38.24 | 49.04 | -2.88 | 42.28 | 45.35 | -1.72 | 32.55 | 13.13 | -0.77 | 35.29 | 23.0 | 0.28 | 12.0 | 40.0 | 1.74 | 262.5 | 81.25 | 116.49 | 6.23 | 25.39 | 130.48 | 1.27 | 10.84 | -30.48 | -7.09 | -72.05 | 16.09 | 3.21 | -16.02 |
| 21Q2 (7) | -0.36 | 30.77 | 42.86 | -0.79 | 72.95 | 87.3 | -7.17 | 23.56 | 53.62 | -5.57 | 34.16 | 59.1 | -4.99 | 33.38 | 60.8 | -2.55 | 28.57 | 37.8 | -1.19 | 31.21 | 44.91 | 0.25 | 4.17 | 47.06 | 0.48 | 122.75 | 109.16 | 109.66 | 4.56 | 21.99 | 128.84 | 16.1 | 13.52 | -28.46 | -165.67 | -110.92 | 15.59 | -9.36 | -29.81 |
| 21Q1 (6) | -0.52 | -44.44 | 8.77 | -2.92 | -29100.0 | 49.22 | -9.38 | -38.55 | 45.11 | -8.46 | -35.58 | 45.63 | -7.49 | -39.48 | 46.5 | -3.57 | -46.91 | -2.0 | -1.73 | -44.17 | 8.47 | 0.24 | 4.35 | 71.43 | -2.11 | -627.5 | 63.93 | 104.88 | 6.11 | 26.91 | 110.97 | 2.24 | 0.88 | -10.71 | -25.45 | -9.76 | 17.20 | 1.12 | -33.46 |
| 20Q4 (5) | -0.36 | -20.0 | -38.46 | -0.01 | -102.08 | -100.34 | -6.77 | 14.84 | -44.35 | -6.24 | 7.56 | -9.67 | -5.37 | -1.9 | 1.65 | -2.43 | -22.73 | -58.82 | -1.20 | -20.0 | -51.9 | 0.23 | 15.0 | 53.33 | 0.40 | -58.33 | -85.61 | 98.84 | 6.39 | 23.49 | 108.54 | -7.79 | 31.43 | -8.54 | 51.79 | -149.04 | 17.01 | -11.22 | -3.3 |
| 20Q3 (4) | -0.30 | 52.38 | 0.0 | 0.48 | 107.72 | 0.0 | -7.95 | 48.58 | 0.0 | -6.75 | 50.44 | 0.0 | -5.27 | 58.6 | 0.0 | -1.98 | 51.71 | 0.0 | -1.00 | 53.7 | 0.0 | 0.20 | 17.65 | 0.0 | 0.96 | 118.32 | 0.0 | 92.90 | 3.35 | 0.0 | 117.72 | 3.72 | 0.0 | -17.72 | -31.28 | 0.0 | 19.16 | -13.73 | 0.0 |
| 20Q2 (3) | -0.63 | -10.53 | 0.0 | -6.22 | -8.17 | 0.0 | -15.46 | 9.54 | 0.0 | -13.62 | 12.47 | 0.0 | -12.73 | 9.07 | 0.0 | -4.10 | -17.14 | 0.0 | -2.16 | -14.29 | 0.0 | 0.17 | 21.43 | 0.0 | -5.24 | 10.43 | 0.0 | 89.89 | 8.77 | 0.0 | 113.50 | 3.18 | 0.0 | -13.50 | -38.25 | 0.0 | 22.21 | -14.08 | 0.0 |
| 20Q1 (2) | -0.57 | -119.23 | 0.0 | -5.75 | -294.92 | 0.0 | -17.09 | -264.39 | 0.0 | -15.56 | -173.46 | 0.0 | -14.00 | -156.41 | 0.0 | -3.50 | -128.76 | 0.0 | -1.89 | -139.24 | 0.0 | 0.14 | -6.67 | 0.0 | -5.85 | -310.43 | 0.0 | 82.64 | 3.25 | 0.0 | 110.00 | 33.2 | 0.0 | -9.76 | -156.05 | 0.0 | 25.85 | 46.96 | 0.0 |
| 19Q4 (1) | -0.26 | 0.0 | 0.0 | 2.95 | 0.0 | 0.0 | -4.69 | 0.0 | 0.0 | -5.69 | 0.0 | 0.0 | -5.46 | 0.0 | 0.0 | -1.53 | 0.0 | 0.0 | -0.79 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 2.78 | 0.0 | 0.0 | 80.04 | 0.0 | 0.0 | 82.58 | 0.0 | 0.0 | 17.42 | 0.0 | 0.0 | 17.59 | 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) | 0.17 | -10.53 | 4.80 | 0 | -1.56 | 0 | 5.21 | -21.88 | -0.12 | 0 | 0.65 | -25.29 | 1.24 | -8.82 | 0.88 | 3.53 | 0.98 | 28.95 | 5.41 | -44.05 | 97.63 | 2.84 | 1259.09 | 0 | -1159.09 | 0 | 0.00 | 0 | 16.47 | -17.11 |
| 2022 (9) | 0.19 | 0 | -0.19 | 0 | -7.95 | 0 | 6.67 | 24.14 | 2.69 | 0 | 0.87 | 0 | 1.36 | 0 | 0.85 | 0 | 0.76 | -25.49 | 9.67 | 204.09 | 94.93 | -17.82 | -295.37 | 0 | 395.37 | 0 | 0.00 | 0 | 19.87 | 19.77 |
| 2021 (8) | -0.98 | 0 | -0.02 | 0 | -6.29 | 0 | 5.37 | -29.74 | -2.38 | 0 | -3.20 | 0 | -6.78 | 0 | -3.13 | 0 | 1.02 | 41.67 | 3.18 | 0 | 115.51 | 16.87 | 264.94 | 136.25 | -164.94 | 0 | 0.00 | 0 | 16.59 | -18.91 |
| 2020 (7) | -1.86 | 0 | -2.41 | 0 | -11.05 | 0 | 7.65 | 7.68 | -9.85 | 0 | -8.68 | 0 | -11.83 | 0 | -6.11 | 0 | 0.72 | -1.37 | -1.94 | 0 | 98.84 | 23.49 | 112.14 | -33.57 | -12.14 | 0 | 0.00 | 0 | 20.46 | 21.14 |
| 2019 (6) | -0.29 | 0 | 4.92 | -15.61 | -2.63 | 0 | 7.10 | 23.36 | -1.56 | 0 | -1.20 | 0 | -1.66 | 0 | -0.67 | 0 | 0.73 | -18.89 | 5.89 | -33.89 | 80.04 | -20.06 | 168.83 | 0 | -68.83 | 0 | 0.00 | 0 | 16.89 | 1.32 |
| 2018 (5) | 0.48 | -17.24 | 5.83 | -16.48 | -1.98 | 0 | 5.76 | 36.51 | 3.00 | 45.63 | 1.51 | 9.42 | 2.70 | -15.89 | 1.47 | -11.45 | 0.90 | -19.64 | 8.91 | 39.0 | 100.12 | 3.36 | -65.89 | 0 | 165.73 | 392.07 | 0.00 | 0 | 16.67 | 39.03 |
| 2017 (4) | 0.58 | 65.71 | 6.98 | 9.4 | 1.37 | 12.3 | 4.22 | -11.24 | 2.06 | 24.1 | 1.38 | 86.49 | 3.21 | 69.84 | 1.66 | 67.68 | 1.12 | -5.08 | 6.41 | -1.84 | 96.87 | -19.38 | 66.32 | -9.31 | 33.68 | 25.33 | 0.00 | 0 | 11.99 | -1.8 |
| 2016 (3) | 0.35 | 0 | 6.38 | 58.31 | 1.22 | 0 | 4.75 | -8.32 | 1.66 | 0 | 0.74 | 0 | 1.89 | 0 | 0.99 | 0 | 1.18 | -3.28 | 6.53 | 34.36 | 120.16 | 6.33 | 73.13 | -55.45 | 26.87 | 0 | 0.00 | 0 | 12.21 | -9.62 |
| 2015 (2) | -0.57 | 0 | 4.03 | 3.6 | -0.73 | 0 | 5.18 | 15.93 | -0.45 | 0 | -1.03 | 0 | -2.94 | 0 | -1.14 | 0 | 1.22 | -12.86 | 4.86 | -50.56 | 113.01 | -24.8 | 164.13 | 0 | -64.13 | 0 | 0.00 | 0 | 13.51 | 44.8 |
| 2014 (1) | 2.41 | 161.96 | 3.89 | 0 | -0.35 | 0 | 4.47 | -13.96 | 5.13 | 0 | 2.94 | 0 | 10.06 | 0 | 4.39 | 0 | 1.40 | -20.0 | 9.83 | 32.3 | 150.28 | 10.5 | -6.81 | 0 | 106.81 | 0 | 0.00 | 0 | 9.33 | 7.74 |
