- 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) | -2.03 | -227.42 | 20.39 | -7.63 | -19.59 | -179.49 | -21.66 | -3.44 | -39.47 | -57.35 | -211.01 | -19.53 | -57.92 | -207.27 | -19.82 | -10.52 | -250.67 | 0.85 | -6.17 | -248.59 | -2.83 | 0.11 | 10.0 | -15.38 | -35.38 | -789.67 | -21.87 | 72.05 | 14.35 | -4.06 | 37.76 | -66.73 | 16.78 | 62.24 | 561.08 | -7.92 | 33.02 | -21.46 | 18.35 |
| 24Q2 (19) | -0.62 | 35.42 | 41.51 | -6.38 | 69.55 | 35.49 | -20.94 | 46.35 | 10.32 | -18.44 | 44.81 | 13.63 | -18.85 | 44.87 | 10.75 | -3.00 | 31.03 | 28.4 | -1.77 | 30.59 | 25.32 | 0.10 | 25.0 | -16.67 | 5.13 | 244.51 | 439.74 | 63.01 | 10.89 | -12.69 | 113.50 | -2.72 | 3.91 | -13.50 | 19.92 | -43.66 | 42.04 | 28.92 | 33.04 |
| 24Q1 (18) | -0.96 | -10.34 | 38.06 | -20.95 | -598.33 | 24.72 | -39.03 | -135.83 | 14.54 | -33.41 | -59.47 | 28.95 | -34.19 | -59.17 | 25.77 | -4.35 | -12.69 | 25.77 | -2.55 | -20.85 | 25.66 | 0.08 | -20.0 | 0.0 | -3.55 | -462.24 | 80.31 | 56.82 | -20.22 | -13.79 | 116.67 | 47.72 | 20.08 | -16.86 | -180.19 | -692.66 | 32.61 | 21.82 | -27.74 |
| 23Q4 (17) | -0.87 | 65.88 | -1640.0 | -3.00 | -9.89 | -126.88 | -16.55 | -6.57 | -4343.59 | -20.95 | 56.34 | -1306.04 | -21.48 | 55.56 | -2689.61 | -3.86 | 63.62 | -1931.58 | -2.11 | 64.83 | -6933.33 | 0.10 | -23.08 | -28.57 | 0.98 | 103.38 | -92.73 | 71.22 | -5.17 | 5.18 | 78.98 | 144.25 | 410.28 | 21.02 | -68.9 | -83.25 | 26.77 | -4.05 | -1.0 |
| 23Q3 (16) | -2.55 | -140.57 | -288.89 | -2.73 | 72.4 | -113.73 | -15.53 | 33.49 | -227.92 | -47.98 | -124.73 | -409.35 | -48.34 | -128.88 | -450.8 | -10.61 | -153.22 | -308.86 | -6.00 | -153.16 | -304.78 | 0.13 | 8.33 | -35.0 | -29.03 | -1822.52 | -212.3 | 75.10 | 4.06 | 0.82 | 32.34 | -70.4 | -58.67 | 67.59 | 819.38 | 210.63 | 27.90 | -11.71 | 34.33 |
| 23Q2 (15) | -1.06 | 31.61 | -360.87 | -9.89 | 64.46 | -594.5 | -23.35 | 48.87 | -94.58 | -21.35 | 54.59 | -339.3 | -21.12 | 54.15 | -327.53 | -4.19 | 28.5 | -376.14 | -2.37 | 30.9 | -540.54 | 0.12 | 50.0 | 20.0 | -1.51 | 91.63 | -109.2 | 72.17 | 9.5 | -16.43 | 109.23 | 12.43 | -55.68 | -9.40 | -430.36 | 93.58 | 31.60 | -29.98 | -9.79 |
| 23Q1 (14) | -1.55 | -3000.0 | -496.15 | -27.83 | -349.37 | -554.0 | -45.67 | -11810.26 | -667.56 | -47.02 | -3055.7 | -758.03 | -46.06 | -5881.82 | -863.6 | -5.86 | -2984.21 | -504.12 | -3.43 | -11333.33 | -697.67 | 0.08 | -42.86 | -27.27 | -18.03 | -233.75 | -241.63 | 65.91 | -2.66 | -25.48 | 97.16 | 481.68 | -10.4 | 2.84 | -97.73 | 133.72 | 45.13 | 66.9 | 60.49 |
| 22Q4 (13) | -0.05 | -103.7 | 91.8 | 11.16 | -43.89 | 112.57 | 0.39 | -96.79 | 107.62 | -1.49 | -109.61 | 79.04 | -0.77 | -105.59 | 91.61 | -0.19 | -103.74 | 91.52 | -0.03 | -101.02 | 97.3 | 0.14 | -30.0 | 7.69 | 13.48 | -47.85 | 69.77 | 67.71 | -9.1 | -24.55 | -25.45 | -132.53 | -135.47 | 125.45 | 476.54 | 350.26 | 27.04 | 30.19 | 6.84 |
| 22Q3 (12) | 1.35 | 686.96 | 462.5 | 19.89 | 894.5 | 81.15 | 12.14 | 201.17 | 668.35 | 15.51 | 419.14 | 313.6 | 13.78 | 378.95 | 302.92 | 5.08 | 677.27 | 483.91 | 2.93 | 891.89 | 442.59 | 0.20 | 100.0 | 42.86 | 25.85 | 57.43 | 44.17 | 74.49 | -13.74 | -14.62 | 78.24 | -68.25 | 84.24 | 21.76 | 114.86 | -62.62 | 20.77 | -40.71 | -10.97 |
| 22Q2 (11) | -0.23 | 11.54 | 45.24 | 2.00 | -67.37 | -62.05 | -12.00 | -101.68 | -72.17 | -4.86 | 11.31 | 44.9 | -4.94 | -3.35 | 34.22 | -0.88 | 9.28 | 41.33 | -0.37 | 13.95 | 47.14 | 0.10 | -9.09 | 0.0 | 16.42 | 28.99 | 65.03 | 86.36 | -2.36 | -0.23 | 246.46 | 127.29 | 212.03 | -146.46 | -1636.56 | -796.93 | 35.03 | 24.57 | 27.57 |
| 22Q1 (10) | -0.26 | 57.38 | -188.89 | 6.13 | 16.76 | -23.18 | -5.95 | -16.21 | -319.01 | -5.48 | 22.93 | -285.92 | -4.78 | 47.93 | -270.54 | -0.97 | 56.7 | -203.12 | -0.43 | 61.26 | -377.78 | 0.11 | -15.38 | -8.33 | 12.73 | 60.33 | -6.74 | 88.45 | -1.44 | -9.63 | 108.43 | 51.12 | 8.43 | -8.43 | -130.27 | 0 | 28.12 | 11.1 | 25.37 |
| 21Q4 (9) | -0.61 | -354.17 | -224.49 | 5.25 | -52.19 | -56.4 | -5.12 | -424.05 | -276.55 | -7.11 | -289.6 | -266.51 | -9.18 | -368.42 | -252.24 | -2.24 | -357.47 | -226.55 | -1.11 | -305.56 | -219.35 | 0.13 | -7.14 | -7.14 | 7.94 | -55.72 | -55.01 | 89.74 | 2.85 | -14.55 | 71.76 | 68.97 | 5.46 | 27.86 | -52.14 | -12.82 | 25.31 | 8.49 | 26.23 |
| 21Q3 (8) | 0.24 | 157.14 | -72.73 | 10.98 | 108.35 | -34.84 | 1.58 | 122.67 | -83.19 | 3.75 | 142.52 | -67.7 | 3.42 | 145.54 | -66.92 | 0.87 | 158.0 | -73.31 | 0.54 | 177.14 | -67.07 | 0.14 | 40.0 | -6.67 | 17.93 | 80.2 | -26.34 | 87.25 | 0.8 | -19.39 | 42.47 | -46.24 | -47.56 | 58.22 | 177.04 | 206.21 | 23.33 | -15.04 | 27.7 |
| 21Q2 (7) | -0.42 | -366.67 | -193.33 | 5.27 | -33.96 | -66.04 | -6.97 | -390.85 | -194.19 | -8.82 | -521.13 | -250.51 | -7.51 | -482.17 | -224.54 | -1.50 | -368.75 | -188.24 | -0.70 | -677.78 | -178.65 | 0.10 | -16.67 | -23.08 | 9.95 | -27.11 | -52.0 | 86.56 | -11.56 | -20.86 | 78.99 | -21.01 | -37.44 | 21.01 | 0 | 180.06 | 27.46 | 22.43 | 0 |
| 21Q1 (6) | -0.09 | -118.37 | 86.15 | 7.98 | -33.72 | 293.69 | -1.42 | -148.97 | 91.82 | -1.42 | -133.26 | 90.3 | -1.29 | -121.39 | 90.13 | -0.32 | -118.08 | 86.61 | -0.09 | -109.68 | 91.18 | 0.12 | -14.29 | 33.33 | 13.65 | -22.66 | 133.73 | 97.87 | -6.81 | -16.97 | 100.00 | 46.97 | -15.85 | -0.00 | -100.0 | 100.0 | 22.43 | 11.87 | -19.29 |
| 20Q4 (5) | 0.49 | -44.32 | 716.67 | 12.04 | -28.55 | -24.75 | 2.90 | -69.15 | -47.75 | 4.27 | -63.22 | 94.98 | 6.03 | -41.68 | 827.69 | 1.77 | -45.71 | 831.58 | 0.93 | -43.29 | 447.06 | 0.14 | -6.67 | 0.0 | 17.65 | -27.49 | 45.03 | 105.02 | -2.97 | -2.26 | 68.04 | -15.99 | -73.09 | 31.96 | 68.09 | 120.91 | 20.05 | 9.74 | 0 |
| 20Q3 (4) | 0.88 | 95.56 | 0.0 | 16.85 | 8.57 | 0.0 | 9.40 | 27.03 | 0.0 | 11.61 | 98.12 | 0.0 | 10.34 | 71.48 | 0.0 | 3.26 | 91.76 | 0.0 | 1.64 | 84.27 | 0.0 | 0.15 | 15.38 | 0.0 | 24.34 | 17.41 | 0.0 | 108.24 | -1.04 | 0.0 | 80.99 | -35.85 | 0.0 | 19.01 | 172.43 | 0.0 | 18.27 | 0 | 0.0 |
| 20Q2 (3) | 0.45 | 169.23 | 0.0 | 15.52 | 476.7 | 0.0 | 7.40 | 142.6 | 0.0 | 5.86 | 140.03 | 0.0 | 6.03 | 146.14 | 0.0 | 1.70 | 171.13 | 0.0 | 0.89 | 187.25 | 0.0 | 0.13 | 44.44 | 0.0 | 20.73 | 254.97 | 0.0 | 109.38 | -7.21 | 0.0 | 126.25 | 6.24 | 0.0 | -26.25 | -41.32 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.65 | -1183.33 | 0.0 | -4.12 | -125.75 | 0.0 | -17.37 | -412.97 | 0.0 | -14.64 | -768.49 | 0.0 | -13.07 | -2110.77 | 0.0 | -2.39 | -1357.89 | 0.0 | -1.02 | -700.0 | 0.0 | 0.09 | -35.71 | 0.0 | 5.84 | -52.01 | 0.0 | 117.88 | 9.71 | 0.0 | 118.83 | -53.0 | 0.0 | -18.58 | 87.84 | 0.0 | 27.79 | 0 | 0.0 |
| 19Q4 (1) | 0.06 | 0.0 | 0.0 | 16.00 | 0.0 | 0.0 | 5.55 | 0.0 | 0.0 | 2.19 | 0.0 | 0.0 | 0.65 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 12.17 | 0.0 | 0.0 | 107.45 | 0.0 | 0.0 | 252.81 | 0.0 | 0.0 | -152.81 | 0.0 | 0.0 | 0.00 | 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) | -6.04 | 0 | -9.59 | 0 | -23.71 | 0 | 20.21 | 43.89 | -34.06 | 0 | -34.04 | 0 | -24.55 | 0 | -14.08 | 0 | 0.43 | -21.82 | -12.27 | 0 | 71.22 | 5.18 | 69.61 | 90.66 | 30.39 | -52.29 | 0.23 | 28.41 | 31.97 | 21.24 |
| 2022 (9) | 0.80 | 0 | 11.72 | 56.06 | 1.22 | 0 | 14.05 | -3.98 | 3.35 | 0 | 3.02 | 0 | 2.96 | 0 | 2.03 | 0 | 0.55 | 14.58 | 18.40 | 46.5 | 67.71 | -24.55 | 36.51 | -59.3 | 63.69 | 518.92 | 0.18 | 10.44 | 26.37 | 7.81 |
| 2021 (8) | -0.88 | 0 | 7.51 | -35.43 | -2.73 | 0 | 14.63 | 6.8 | -3.05 | 0 | -3.34 | 0 | -3.19 | 0 | -1.31 | 0 | 0.48 | -5.88 | 12.56 | -31.85 | 89.74 | -14.55 | 89.71 | 28.34 | 10.29 | -65.62 | 0.17 | -14.07 | 24.46 | 20.43 |
| 2020 (7) | 1.18 | 31.11 | 11.63 | -23.39 | 2.57 | -40.92 | 13.70 | 78.22 | 3.67 | -0.54 | 4.10 | 70.12 | 4.27 | 35.13 | 2.42 | 35.96 | 0.51 | -15.0 | 18.43 | 50.45 | 105.02 | -2.26 | 69.90 | -40.76 | 29.93 | 0 | 0.19 | -13.07 | 20.31 | 1.25 |
| 2019 (6) | 0.90 | -56.73 | 15.18 | -12.36 | 4.35 | -12.47 | 7.69 | 24.66 | 3.69 | -44.34 | 2.41 | -53.29 | 3.16 | -63.64 | 1.78 | -55.39 | 0.60 | -17.81 | 12.25 | -8.03 | 107.45 | -20.96 | 117.99 | 57.48 | -17.99 | 0 | 0.22 | -10.89 | 20.06 | -13.87 |
| 2018 (5) | 2.08 | 2871.43 | 17.32 | 37.03 | 4.97 | 402.02 | 6.17 | 2.5 | 6.63 | 2038.71 | 5.16 | 2935.29 | 8.69 | 2796.67 | 3.99 | 1146.88 | 0.73 | -8.75 | 13.32 | 98.21 | 135.94 | 9.94 | 74.93 | -76.59 | 25.07 | 0 | 0.25 | -7.54 | 23.29 | 15.01 |
| 2017 (4) | 0.07 | -69.57 | 12.64 | 2.93 | 0.99 | 0 | 6.02 | 5.12 | 0.31 | -71.56 | 0.17 | -67.92 | 0.30 | -67.39 | 0.32 | -51.52 | 0.80 | -10.11 | 6.72 | -6.54 | 123.65 | 23.07 | 320.00 | 0 | -220.00 | 0 | 0.27 | 0 | 20.25 | 5.47 |
| 2016 (3) | 0.23 | -87.96 | 12.28 | -6.9 | -0.45 | 0 | 5.72 | 11.02 | 1.09 | -78.37 | 0.53 | -86.51 | 0.92 | -87.62 | 0.66 | -82.02 | 0.89 | 0.0 | 7.19 | -31.65 | 100.47 | 13.49 | -41.45 | 0 | 141.45 | 211.58 | 0.00 | 0 | 19.20 | -19.63 |
| 2015 (2) | 1.91 | 52.8 | 13.19 | -19.33 | 2.76 | 33.98 | 5.15 | 17.51 | 5.04 | 50.0 | 3.93 | 55.34 | 7.43 | 46.55 | 3.67 | 46.22 | 0.89 | -8.25 | 10.52 | 32.16 | 88.53 | -35.02 | 54.60 | -11.02 | 45.40 | 17.51 | 0.00 | 0 | 23.89 | 11.95 |
| 2014 (1) | 1.25 | -38.12 | 16.35 | 0 | 2.06 | 0 | 4.39 | -9.95 | 3.36 | 0 | 2.53 | 0 | 5.07 | 0 | 2.51 | 0 | 0.97 | 3.19 | 7.96 | -32.83 | 136.24 | 72.89 | 61.37 | -34.36 | 38.63 | 493.23 | 0.00 | 0 | 21.34 | -9.81 |
