- 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) | -0.31 | 3.13 | -255.0 | 18.29 | 41.78 | -19.53 | -29.55 | 3.53 | -9334.38 | -26.02 | -30.49 | -506.56 | -26.34 | -44.33 | -554.92 | -3.08 | -18.46 | -290.12 | -1.37 | -34.31 | -250.55 | 0.06 | 0.0 | -57.14 | -8.43 | -43.61 | -176.08 | 91.97 | -23.18 | -0.65 | 113.64 | -26.02 | 2127.27 | -13.64 | 74.56 | -114.37 | 41.25 | 16.2 | 83.91 |
| 24Q2 (19) | -0.32 | -633.33 | -140.0 | 12.90 | -14.51 | -49.39 | -30.63 | -20.69 | -413.51 | -19.94 | -138.23 | -253.98 | -18.25 | -78.92 | -242.91 | -2.60 | -132.14 | -162.95 | -1.02 | -168.42 | -148.11 | 0.06 | 20.0 | -62.5 | -5.87 | -157.78 | -127.0 | 119.72 | -3.88 | 20.64 | 153.59 | -49.46 | 104.18 | -53.59 | 73.72 | -320.33 | 35.50 | -7.29 | 123.55 |
| 24Q1 (18) | 0.06 | -96.86 | -79.31 | 15.09 | 58.51 | -25.81 | -25.38 | 21.13 | -850.89 | -8.37 | -123.1 | -233.49 | -10.20 | -137.99 | -271.14 | -1.12 | -124.45 | -175.17 | -0.38 | -115.32 | -146.91 | 0.05 | -44.44 | -58.33 | 10.16 | -80.05 | -31.63 | 124.55 | 22.46 | 17.96 | 303.92 | 443.01 | 467.32 | -203.92 | -208.12 | -539.22 | 38.29 | -88.42 | 107.98 |
| 23Q4 (17) | 1.91 | 855.0 | 377.5 | 9.52 | -58.12 | -49.87 | -32.18 | -10156.25 | -1100.75 | 36.23 | 466.09 | 219.21 | 26.85 | 363.73 | 116.18 | 4.58 | 182.72 | 49.67 | 2.48 | 172.53 | 63.16 | 0.09 | -35.71 | -25.0 | 50.93 | 359.66 | 172.79 | 101.71 | 9.87 | 0.52 | -88.60 | -1836.64 | -274.11 | 188.60 | 98.74 | 52.49 | 330.58 | 1373.83 | 1534.92 |
| 23Q3 (16) | 0.20 | -75.0 | -47.37 | 22.73 | -10.83 | 18.94 | 0.32 | -96.72 | -92.43 | 6.40 | -50.58 | -2.88 | 5.79 | -54.66 | -6.31 | 1.62 | -60.77 | -12.43 | 0.91 | -57.08 | 5.81 | 0.14 | -12.5 | 7.69 | 11.08 | -49.03 | -19.18 | 92.57 | -6.72 | -24.17 | 5.10 | -93.22 | -92.06 | 94.90 | 290.14 | 165.71 | 22.43 | 41.25 | 15.38 |
| 23Q2 (15) | 0.80 | 175.86 | 26.98 | 25.49 | 25.32 | 48.63 | 9.77 | 189.05 | 126.16 | 12.95 | 106.54 | 68.62 | 12.77 | 114.26 | 38.35 | 4.13 | 177.18 | 54.68 | 2.12 | 161.73 | 79.66 | 0.16 | 33.33 | 33.33 | 21.74 | 46.3 | 53.75 | 99.24 | -6.01 | -36.77 | 75.23 | 40.42 | 34.89 | 24.32 | -47.61 | -43.78 | 15.88 | -13.74 | -7.78 |
| 23Q1 (14) | 0.29 | -27.5 | -42.0 | 20.34 | 7.11 | 5.55 | 3.38 | 226.12 | 224.72 | 6.27 | -44.76 | -27.76 | 5.96 | -52.01 | 15.73 | 1.49 | -51.31 | 16.41 | 0.81 | -46.71 | 24.62 | 0.12 | 0.0 | 9.09 | 14.86 | -20.41 | -10.37 | 105.59 | 4.36 | -13.08 | 53.57 | 326.19 | 272.43 | 46.43 | -62.46 | -64.58 | 18.41 | -8.95 | -5.59 |
| 22Q4 (13) | 0.40 | 5.26 | 233.33 | 18.99 | -0.63 | 74.22 | -2.68 | -163.36 | 77.29 | 11.35 | 72.23 | 132.78 | 12.42 | 100.97 | 132.19 | 3.06 | 65.41 | 134.81 | 1.52 | 76.74 | 139.58 | 0.12 | -7.69 | 20.0 | 18.67 | 36.18 | 176.96 | 101.18 | -17.12 | -16.98 | -23.68 | -136.84 | -169.76 | 123.68 | 246.32 | 88.02 | 20.22 | 4.01 | -2.18 |
| 22Q3 (12) | 0.38 | -39.68 | 280.95 | 19.11 | 11.43 | 814.35 | 4.23 | -2.08 | 116.9 | 6.59 | -14.19 | 134.67 | 6.18 | -33.04 | 130.99 | 1.85 | -30.71 | 152.86 | 0.86 | -27.12 | 155.48 | 0.13 | 8.33 | 62.5 | 13.71 | -3.04 | 319.71 | 122.08 | -22.22 | -2.15 | 64.29 | 15.27 | -51.12 | 35.71 | -17.46 | 213.32 | 19.44 | 12.89 | -24.86 |
| 22Q2 (11) | 0.63 | 26.0 | 280.0 | 17.15 | -11.0 | 1702.8 | 4.32 | 259.41 | 117.55 | 7.68 | -11.52 | 134.97 | 9.23 | 79.22 | 142.61 | 2.67 | 108.59 | 160.41 | 1.18 | 81.54 | 157.56 | 0.12 | 9.09 | 20.0 | 14.14 | -14.72 | 228.08 | 156.96 | 29.21 | 51.45 | 55.77 | 279.51 | -50.16 | 43.27 | -66.99 | 463.78 | 17.22 | -11.69 | -34.1 |
| 22Q1 (10) | 0.50 | 266.67 | 266.67 | 19.27 | 76.79 | 370.0 | -2.71 | 77.03 | 80.74 | 8.68 | 125.07 | 165.36 | 5.15 | 113.35 | 134.4 | 1.28 | 114.56 | 142.24 | 0.65 | 116.93 | 146.1 | 0.11 | 10.0 | 10.0 | 16.58 | 168.34 | 1069.59 | 121.48 | -0.32 | 18.16 | -31.07 | -191.5 | -129.39 | 131.07 | 99.24 | 2393.69 | 19.50 | -5.66 | -19.19 |
| 21Q4 (9) | -0.30 | -42.86 | -314.29 | 10.90 | 421.53 | 70.85 | -11.80 | 52.86 | -242.03 | -34.62 | -82.11 | -3706.25 | -38.58 | -93.48 | -4983.54 | -8.79 | -151.14 | -4285.71 | -3.84 | -147.74 | -1576.92 | 0.10 | 25.0 | -28.57 | -24.26 | -288.78 | -353.5 | 121.87 | -2.32 | 30.55 | 33.95 | -74.18 | 109.7 | 65.78 | 308.73 | -85.38 | 20.67 | -20.1 | 14.83 |
| 21Q3 (8) | -0.21 | 40.0 | 25.0 | 2.09 | 295.33 | -76.33 | -25.03 | -1.71 | -112.3 | -19.01 | 13.43 | -166.99 | -19.94 | 7.94 | -129.46 | -3.50 | 20.81 | -116.05 | -1.55 | 24.39 | -112.33 | 0.08 | -20.0 | -20.0 | -6.24 | 43.48 | -225.05 | 124.76 | 20.38 | 37.77 | 131.52 | 17.54 | -20.64 | -31.52 | -164.96 | 52.04 | 25.87 | -1.0 | 3.15 |
| 21Q2 (7) | -0.35 | -16.67 | 0 | -1.07 | -126.1 | -104.35 | -24.61 | -74.91 | -420.44 | -21.96 | -65.36 | -941.38 | -21.66 | -44.69 | -615.71 | -4.42 | -45.87 | -674.03 | -2.05 | -45.39 | -447.46 | 0.10 | 0.0 | 0.0 | -11.04 | -545.61 | -163.59 | 103.64 | 0.81 | 16.08 | 111.89 | 5.85 | -62.7 | -11.89 | -108.15 | 93.94 | 26.13 | 8.29 | 0 |
| 21Q1 (6) | -0.30 | -314.29 | -20.0 | 4.10 | -35.74 | -67.43 | -14.07 | -307.83 | -85.38 | -13.28 | -1483.33 | -57.53 | -14.97 | -1994.94 | -91.43 | -3.03 | -1542.86 | -158.97 | -1.41 | -642.31 | -182.0 | 0.10 | -28.57 | 25.0 | -1.71 | -117.87 | -118.63 | 102.81 | 10.13 | 27.92 | 105.71 | 130.2 | 16.93 | -5.71 | -101.27 | -159.59 | 24.13 | 34.06 | -13.94 |
| 20Q4 (5) | 0.14 | 150.0 | 113.33 | 6.38 | -27.75 | 360.41 | -3.45 | 70.74 | 89.94 | 0.96 | 113.48 | 101.79 | 0.79 | 109.09 | 101.49 | 0.21 | 112.96 | 102.36 | 0.26 | 135.62 | 105.17 | 0.14 | 40.0 | 40.0 | 9.57 | 91.78 | 123.76 | 93.35 | 3.08 | 24.73 | -350.00 | -311.21 | -646.63 | 450.00 | 784.78 | 1151.0 | 18.00 | -28.23 | -23.6 |
| 20Q3 (4) | -0.28 | 0 | 0.0 | 8.83 | -64.09 | 0.0 | -11.79 | -253.52 | 0.0 | -7.12 | -372.8 | 0.0 | -8.69 | -306.9 | 0.0 | -1.62 | -310.39 | 0.0 | -0.73 | -223.73 | 0.0 | 0.10 | 0.0 | 0.0 | 4.99 | -71.26 | 0.0 | 90.56 | 1.43 | 0.0 | 165.71 | -44.76 | 0.0 | -65.71 | 66.5 | 0.0 | 25.08 | 0 | 0.0 |
| 20Q2 (3) | 0.00 | 100.0 | 0.0 | 24.59 | 95.31 | 0.0 | 7.68 | 201.19 | 0.0 | 2.61 | 130.96 | 0.0 | 4.20 | 153.71 | 0.0 | 0.77 | 165.81 | 0.0 | 0.59 | 218.0 | 0.0 | 0.10 | 25.0 | 0.0 | 17.36 | 89.11 | 0.0 | 89.28 | 11.09 | 0.0 | 300.00 | 231.82 | 0.0 | -196.15 | -2145.6 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.25 | 76.19 | 0.0 | 12.59 | 613.88 | 0.0 | -7.59 | 77.86 | 0.0 | -8.43 | 84.25 | 0.0 | -7.82 | 85.21 | 0.0 | -1.17 | 86.87 | 0.0 | -0.50 | 90.06 | 0.0 | 0.08 | -20.0 | 0.0 | 9.18 | 122.8 | 0.0 | 80.37 | 7.39 | 0.0 | 90.41 | 41.2 | 0.0 | 9.59 | -73.34 | 0.0 | 28.04 | 19.02 | 0.0 |
| 19Q4 (1) | -1.05 | 0.0 | 0.0 | -2.45 | 0.0 | 0.0 | -34.28 | 0.0 | 0.0 | -53.53 | 0.0 | 0.0 | -52.89 | 0.0 | 0.0 | -8.91 | 0.0 | 0.0 | -5.03 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -40.27 | 0.0 | 0.0 | 74.84 | 0.0 | 0.0 | 64.03 | 0.0 | 0.0 | 35.97 | 0.0 | 0.0 | 23.56 | 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) | 3.20 | 67.54 | 20.70 | 11.17 | -1.69 | 0 | 7.48 | 18.89 | 13.59 | 59.51 | 11.65 | 40.7 | 11.46 | 32.33 | 6.07 | 37.33 | 0.49 | -2.0 | 22.21 | 41.37 | 101.71 | 0.52 | -12.47 | 0 | 112.47 | 27.26 | 0.13 | -4.85 | 73.17 | 283.29 |
| 2022 (9) | 1.91 | 0 | 18.62 | 345.45 | 0.99 | 0 | 6.29 | -33.49 | 8.52 | 0 | 8.28 | 0 | 8.66 | 0 | 4.42 | 0 | 0.50 | 28.21 | 15.71 | 0 | 101.18 | -16.98 | 11.62 | -85.89 | 88.38 | 401.54 | 0.14 | -35.48 | 19.09 | -20.72 |
| 2021 (8) | -1.16 | 0 | 4.18 | -66.53 | -18.50 | 0 | 9.46 | -11.46 | -22.47 | 0 | -24.10 | 0 | -19.41 | 0 | -8.95 | 0 | 0.39 | -7.14 | -11.14 | 0 | 121.87 | 30.55 | 82.38 | -44.54 | 17.62 | 0 | 0.21 | -14.07 | 24.08 | 2.82 |
| 2020 (7) | -0.39 | 0 | 12.49 | 69.7 | -3.57 | 0 | 10.68 | -24.59 | -2.40 | 0 | -2.32 | 0 | -1.79 | 0 | -0.37 | 0 | 0.42 | 2.44 | 10.26 | -73.6 | 93.35 | 24.73 | 148.54 | 0 | -48.54 | 0 | 0.24 | -3.94 | 23.42 | -15.51 |
| 2019 (6) | 5.47 | 0 | 7.36 | 0 | -17.05 | 0 | 14.16 | 2.7 | 22.45 | 0 | 22.80 | 0 | 18.21 | 0 | 9.93 | 0 | 0.41 | -4.65 | 38.86 | 0 | 74.84 | -39.08 | -75.92 | 0 | 175.82 | 676.9 | 0.25 | 258.57 | 27.72 | 23.75 |
| 2018 (5) | -0.68 | 0 | -3.53 | 0 | -18.99 | 0 | 13.79 | 32.77 | -24.54 | 0 | -27.93 | 0 | -26.06 | 0 | -11.59 | 0 | 0.43 | -30.65 | -9.19 | 0 | 122.84 | 11.22 | 77.37 | 22.62 | 22.63 | -38.87 | 0.07 | 0 | 22.40 | 38.1 |
| 2017 (4) | -0.89 | 0 | 4.12 | 115.71 | -6.18 | 0 | 10.39 | 14.24 | -9.81 | 0 | -10.28 | 0 | -12.34 | 0 | -5.78 | 0 | 0.62 | -6.06 | 1.86 | 44.19 | 110.45 | 40.09 | 63.10 | -30.02 | 37.02 | 276.3 | 0.00 | 0 | 16.22 | 14.87 |
| 2016 (3) | -1.94 | 0 | 1.91 | -79.68 | -8.03 | 0 | 9.09 | 24.26 | -8.91 | 0 | -7.54 | 0 | -8.95 | 0 | -4.45 | 0 | 0.66 | -7.04 | 1.29 | -88.24 | 78.84 | -4.31 | 90.16 | 242.87 | 9.84 | -86.65 | 0.00 | 0 | 14.12 | 4.59 |
| 2015 (2) | 0.30 | -59.46 | 9.40 | -9.27 | 0.65 | 35.42 | 7.32 | 13.62 | 2.47 | -2.76 | 2.54 | -1.55 | 3.35 | -8.72 | 2.41 | -7.31 | 0.71 | 4.41 | 10.97 | 3.69 | 82.39 | -10.44 | 26.30 | 40.07 | 73.70 | -8.83 | 0.00 | 0 | 13.50 | -1.32 |
| 2014 (1) | 0.74 | 0 | 10.36 | 0 | 0.48 | 0 | 6.44 | -40.28 | 2.54 | 0 | 2.58 | 0 | 3.67 | 0 | 2.60 | 0 | 0.68 | 25.93 | 10.58 | 36.34 | 91.99 | -27.62 | 18.77 | -74.52 | 80.84 | 207.06 | 0.00 | 0 | 13.68 | -13.14 |
