- 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) | -1.06 | -4.95 | -89.29 | 6.46 | 74.12 | 100.0 | -4.87 | 5.44 | -34.53 | -7.53 | -45.37 | -193.0 | -6.40 | -41.28 | -190.91 | -3.33 | -8.82 | -105.56 | -1.32 | -25.71 | -103.08 | 0.25 | -16.67 | -30.56 | -4.24 | -63.71 | -285.45 | 90.94 | -27.19 | -24.03 | 65.00 | -35.0 | -53.37 | 35.00 | 0 | 188.85 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.01 | -48.53 | -16.09 | 3.71 | 16.67 | 123.49 | -5.15 | -29.07 | 17.6 | -5.18 | -40.76 | 10.38 | -4.53 | -83.4 | -11.58 | -3.06 | -53.0 | -26.45 | -1.05 | -81.03 | 7.89 | 0.30 | -9.09 | 0.0 | -2.59 | -48.0 | 42.32 | 124.90 | -3.69 | 34.17 | 100.00 | -7.55 | -7.69 | -0.00 | 100.0 | 100.0 | 5.69 | 5.57 | 3.45 |
| 24Q1 (18) | -0.68 | 49.63 | -1033.33 | 3.18 | 65.63 | -48.79 | -3.99 | -10.53 | -625.0 | -3.68 | 16.93 | -1515.38 | -2.47 | 33.78 | -850.0 | -2.00 | 50.12 | -952.63 | -0.58 | 61.07 | -680.0 | 0.33 | -26.67 | -8.33 | -1.75 | 45.31 | -204.79 | 129.69 | -20.28 | 22.36 | 108.16 | 33.51 | -67.55 | -8.16 | -142.99 | 96.5 | 5.39 | 47.27 | 23.91 |
| 23Q4 (17) | -1.35 | -141.07 | -5.47 | 1.92 | -40.56 | 30.61 | -3.61 | 0.28 | 30.17 | -4.43 | -72.37 | 13.65 | -3.73 | -69.55 | 29.62 | -4.01 | -147.53 | -13.6 | -1.49 | -129.23 | 17.22 | 0.45 | 25.0 | 25.0 | -3.20 | -190.91 | 21.18 | 162.69 | 35.9 | 52.57 | 81.01 | -41.88 | -18.99 | 18.99 | 148.2 | 0 | 3.66 | -24.22 | -22.62 |
| 23Q3 (16) | -0.56 | 35.63 | 80.0 | 3.23 | 94.58 | 114.28 | -3.62 | 42.08 | 88.63 | -2.57 | 55.54 | 91.19 | -2.20 | 45.81 | 90.56 | -1.62 | 33.06 | 76.99 | -0.65 | 42.98 | 82.71 | 0.36 | 20.0 | 125.0 | -1.10 | 75.5 | 95.95 | 119.71 | 28.6 | 83.69 | 139.39 | 28.67 | 28.09 | -39.39 | -372.73 | -346.46 | 4.83 | -12.18 | -25.0 |
| 23Q2 (15) | -0.87 | -1350.0 | 19.44 | 1.66 | -73.27 | 9.93 | -6.25 | -922.37 | -22.55 | -5.78 | -2323.08 | -25.38 | -4.06 | -1461.54 | 27.24 | -2.42 | -1173.68 | -6.61 | -1.14 | -1240.0 | -6.54 | 0.30 | -16.67 | 50.0 | -4.49 | -368.86 | -20.38 | 93.09 | -12.17 | -6.92 | 108.33 | -67.5 | -2.95 | -8.33 | 96.43 | 28.33 | 5.50 | 26.44 | 7.63 |
| 23Q1 (14) | -0.06 | 95.31 | -101.78 | 6.21 | 322.45 | -55.07 | 0.76 | 114.7 | -91.5 | 0.26 | 105.07 | -97.08 | -0.26 | 95.09 | -103.52 | -0.19 | 94.62 | -102.94 | 0.10 | 105.56 | -96.66 | 0.36 | 0.0 | -10.0 | 1.67 | 141.13 | -81.97 | 105.99 | -0.6 | -3.19 | 333.33 | 233.33 | 231.64 | -233.33 | 0 | -45633.33 | 4.35 | -8.03 | 5.33 |
| 22Q4 (13) | -1.28 | 54.29 | -112.88 | 1.47 | 106.5 | -93.2 | -5.17 | 83.77 | -131.62 | -5.13 | 82.42 | -130.89 | -5.30 | 77.26 | -140.64 | -3.53 | 49.86 | -115.56 | -1.80 | 52.13 | -119.61 | 0.36 | 125.0 | -48.57 | -4.06 | 85.07 | -124.08 | 106.63 | 63.62 | -16.18 | 100.00 | -8.11 | 1.6 | -0.00 | 100.0 | -100.0 | 4.73 | -26.55 | 6.77 |
| 22Q3 (12) | -2.80 | -159.26 | -171.25 | -22.62 | -1598.01 | -239.11 | -31.85 | -524.51 | -393.82 | -29.18 | -532.97 | -358.69 | -23.31 | -317.74 | -358.43 | -7.04 | -210.13 | -156.55 | -3.76 | -251.4 | -175.2 | 0.16 | -20.0 | -70.91 | -27.19 | -628.95 | -333.79 | 65.17 | -34.84 | -64.33 | 108.82 | -2.51 | 12.93 | -8.82 | 24.12 | -315.69 | 6.44 | 26.03 | 46.7 |
| 22Q2 (11) | -1.08 | -131.95 | -115.02 | 1.51 | -89.07 | -94.22 | -5.10 | -157.05 | -125.71 | -4.61 | -151.86 | -123.48 | -5.58 | -175.51 | -134.92 | -2.27 | -135.09 | -108.03 | -1.07 | -135.79 | -108.35 | 0.20 | -50.0 | -75.0 | -3.73 | -140.28 | -118.79 | 100.01 | -8.65 | -13.55 | 111.63 | 11.06 | 10.51 | -11.63 | -2179.07 | -1054.07 | 5.11 | 23.73 | -3.58 |
| 22Q1 (10) | 3.38 | -66.0 | 11.18 | 13.82 | -36.08 | -31.31 | 8.94 | -45.32 | -34.17 | 8.89 | -46.48 | -33.31 | 7.39 | -43.33 | -25.2 | 6.47 | -71.49 | -57.01 | 2.99 | -67.43 | -55.04 | 0.40 | -42.86 | -40.3 | 9.26 | -45.08 | -32.46 | 109.48 | -13.94 | -14.47 | 100.51 | 2.12 | -1.1 | -0.51 | -132.37 | 68.71 | 4.13 | -6.77 | -21.18 |
| 21Q4 (9) | 9.94 | 152.93 | 1158.23 | 21.62 | 32.96 | 167.91 | 16.35 | 50.83 | 430.84 | 16.61 | 47.25 | 430.67 | 13.04 | 44.57 | 462.07 | 22.69 | 82.25 | 514.91 | 9.18 | 83.6 | 456.36 | 0.70 | 27.27 | 2.94 | 16.86 | 44.97 | 377.62 | 127.21 | -30.37 | 0.02 | 98.42 | 2.14 | 0.88 | 1.58 | -61.47 | -35.38 | 4.43 | 0.91 | 15.06 |
| 21Q3 (8) | 3.93 | -45.34 | 544.26 | 16.26 | -37.77 | 107.66 | 10.84 | -45.36 | 269.97 | 11.28 | -42.54 | 227.91 | 9.02 | -43.55 | 308.14 | 12.45 | -55.96 | 203.66 | 5.00 | -61.0 | 240.14 | 0.55 | -31.25 | -12.7 | 11.63 | -41.41 | 197.44 | 182.69 | 57.91 | 33.48 | 96.36 | -4.6 | 13.88 | 4.09 | 506.02 | -73.41 | 4.39 | -17.17 | 24.36 |
| 21Q2 (7) | 7.19 | 136.51 | 8088.89 | 26.13 | 29.87 | 379.45 | 19.84 | 46.1 | 2145.36 | 19.63 | 47.26 | 4561.36 | 15.98 | 61.74 | 4095.0 | 28.27 | 87.84 | 3633.75 | 12.82 | 92.78 | 21466.67 | 0.80 | 19.4 | 56.86 | 19.85 | 44.78 | 3717.31 | 115.69 | -9.62 | -62.69 | 101.01 | -0.61 | -56.71 | -1.01 | 38.2 | 99.24 | 5.30 | 1.15 | 0 |
| 21Q1 (6) | 3.04 | 284.81 | 540.58 | 20.12 | 149.32 | 226.62 | 13.58 | 340.91 | 398.46 | 13.33 | 325.88 | 369.29 | 9.88 | 325.86 | 350.13 | 15.05 | 307.86 | 344.32 | 6.65 | 303.03 | 592.59 | 0.67 | -1.47 | 67.5 | 13.71 | 288.39 | 477.69 | 128.00 | 0.64 | -52.51 | 101.63 | 4.17 | 13.36 | -1.63 | -166.85 | -123.64 | 5.24 | 36.1 | -28.9 |
| 20Q4 (5) | 0.79 | 29.51 | 219.7 | 8.07 | 3.07 | 105.87 | 3.08 | 5.12 | 208.07 | 3.13 | -9.01 | 201.29 | 2.32 | 4.98 | 189.58 | 3.69 | -10.0 | 166.37 | 1.65 | 12.24 | 248.65 | 0.68 | 7.94 | 36.0 | 3.53 | -9.72 | 265.73 | 127.18 | -7.08 | -59.02 | 97.56 | 15.3 | 5.69 | 2.44 | -84.15 | -68.29 | 3.85 | 9.07 | -17.2 |
| 20Q3 (4) | 0.61 | 777.78 | 0.0 | 7.83 | 43.67 | 0.0 | 2.93 | 402.06 | 0.0 | 3.44 | 881.82 | 0.0 | 2.21 | 652.5 | 0.0 | 4.10 | 612.5 | 0.0 | 1.47 | 2550.0 | 0.0 | 0.63 | 23.53 | 0.0 | 3.91 | 651.92 | 0.0 | 136.87 | -55.86 | 0.0 | 84.62 | -63.74 | 0.0 | 15.38 | 111.54 | 0.0 | 3.53 | 0 | 0.0 |
| 20Q2 (3) | -0.09 | 86.96 | 0.0 | 5.45 | -11.53 | 0.0 | -0.97 | 78.68 | 0.0 | -0.44 | 91.11 | 0.0 | -0.40 | 89.87 | 0.0 | -0.80 | 87.01 | 0.0 | -0.06 | 95.56 | 0.0 | 0.51 | 27.5 | 0.0 | 0.52 | 114.33 | 0.0 | 310.06 | 15.05 | 0.0 | 233.33 | 160.26 | 0.0 | -133.33 | -2033.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.69 | -4.55 | 0.0 | 6.16 | 57.14 | 0.0 | -4.55 | -59.65 | 0.0 | -4.95 | -60.19 | 0.0 | -3.95 | -52.51 | 0.0 | -6.16 | -10.79 | 0.0 | -1.35 | -21.62 | 0.0 | 0.40 | -20.0 | 0.0 | -3.63 | -70.42 | 0.0 | 269.51 | -13.15 | 0.0 | 89.66 | -2.87 | 0.0 | 6.90 | -10.34 | 0.0 | 7.37 | 58.49 | 0.0 |
| 19Q4 (1) | -0.66 | 0.0 | 0.0 | 3.92 | 0.0 | 0.0 | -2.85 | 0.0 | 0.0 | -3.09 | 0.0 | 0.0 | -2.59 | 0.0 | 0.0 | -5.56 | 0.0 | 0.0 | -1.11 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | -2.13 | 0.0 | 0.0 | 310.33 | 0.0 | 0.0 | 92.31 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 4.65 | 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) | -2.84 | 0 | 3.22 | -22.6 | -3.06 | 0 | 0.79 | 50.56 | -3.11 | 0 | -2.59 | 0 | -8.25 | 0 | -3.01 | 0 | 1.36 | 27.1 | -1.77 | 0 | 162.69 | 52.57 | 98.22 | -20.82 | 1.78 | 0 | 0.16 | 51.02 | 4.46 | -5.91 |
| 2022 (9) | -1.78 | 0 | 4.16 | -80.41 | -2.00 | 0 | 0.53 | 189.94 | -1.60 | 0 | -1.81 | 0 | -4.22 | 0 | -1.72 | 0 | 1.07 | -54.85 | -0.77 | 0 | 106.63 | -16.18 | 124.05 | 24.96 | -24.05 | 0 | 0.11 | 200.84 | 4.74 | -0.21 |
| 2021 (8) | 24.00 | 3016.88 | 21.23 | 196.09 | 15.49 | 1389.42 | 0.18 | -47.13 | 15.60 | 1138.1 | 12.33 | 1501.3 | 66.27 | 1283.51 | 29.32 | 1270.09 | 2.37 | 9.22 | 15.88 | 722.8 | 127.21 | 0.02 | 99.27 | 22.18 | 0.73 | -95.63 | 0.04 | -31.33 | 4.75 | 6.5 |
| 2020 (7) | 0.77 | 0 | 7.17 | 64.83 | 1.04 | 0 | 0.34 | -13.21 | 1.26 | 0 | 0.77 | 0 | 4.79 | 0 | 2.14 | 0 | 2.17 | 11.86 | 1.93 | 0 | 127.18 | -59.02 | 81.25 | -11.01 | 16.67 | 70.37 | 0.05 | -58.53 | 4.46 | -18.17 |
| 2019 (6) | -2.43 | 0 | 4.35 | -50.34 | -2.76 | 0 | 0.40 | 235.27 | -3.05 | 0 | -2.68 | 0 | -17.80 | 0 | -4.44 | 0 | 1.94 | -35.76 | -2.12 | 0 | 310.33 | 60.0 | 91.30 | -12.5 | 9.78 | 0 | 0.13 | -1.59 | 5.45 | 63.17 |
| 2018 (5) | 4.04 | -51.67 | 8.76 | -13.35 | 3.31 | -39.82 | 0.12 | 34.38 | 3.17 | -40.08 | 2.66 | -52.24 | 25.24 | -58.89 | 8.53 | -47.41 | 3.02 | 7.47 | 3.55 | -37.5 | 193.96 | -17.33 | 104.35 | 0.17 | -4.35 | 0 | 0.13 | 0 | 3.34 | 7.4 |
| 2017 (4) | 8.36 | 1844.19 | 10.11 | 39.26 | 5.50 | 1070.21 | 0.09 | -55.82 | 5.29 | 781.67 | 5.57 | 971.15 | 61.40 | 1206.38 | 16.22 | 854.12 | 2.81 | 48.68 | 5.68 | 330.3 | 234.62 | -41.76 | 104.17 | 30.21 | -4.17 | 0 | 0.00 | 0 | 3.11 | -29.95 |
| 2016 (3) | 0.43 | 0 | 7.26 | 141.2 | 0.47 | 0 | 0.20 | -17.43 | 0.60 | 0 | 0.52 | 0 | 4.70 | 0 | 1.70 | 0 | 1.89 | 5.59 | 1.32 | 0 | 402.87 | 14.98 | 80.00 | -27.84 | 20.00 | 0 | 0.00 | 0 | 4.44 | -22.51 |
| 2015 (2) | -4.55 | 0 | 3.01 | -1.95 | -10.24 | 0 | 0.24 | 13.1 | -9.24 | 0 | -9.23 | 0 | -59.40 | 0 | -15.47 | 0 | 1.79 | -16.74 | -8.21 | 0 | 350.39 | 66.1 | 110.87 | -5.68 | -10.87 | 0 | 0.00 | 0 | 5.73 | 39.42 |
| 2014 (1) | -1.65 | 0 | 3.07 | 0 | -3.59 | 0 | 0.21 | 5.87 | -3.04 | 0 | -3.11 | 0 | -20.76 | 0 | -5.72 | 0 | 2.15 | -1.38 | -2.19 | 0 | 210.95 | 0.31 | 117.54 | 26.59 | -18.42 | 0 | 0.00 | 0 | 4.11 | 5.38 |
