- 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) | -0.23 | -483.33 | -228.57 | -9.25 | -225.34 | -208.44 | -73.77 | -85.44 | -107.04 | -56.30 | -5126.79 | -383.26 | -44.98 | -583.14 | -335.01 | -1.61 | -502.5 | -228.57 | -1.39 | -521.21 | -239.02 | 0.03 | -25.0 | -25.0 | -18.99 | -160.13 | -216.15 | 13.56 | -27.6 | -23.43 | 128.89 | 103.39 | -58.2 | -31.11 | -100.8 | 85.07 | 36.87 | 15.04 | 58.79 |
| 24Q2 (19) | 0.06 | -64.71 | -82.86 | 7.38 | -66.95 | -80.79 | -39.78 | -175.87 | -417.48 | 1.12 | -95.77 | -97.08 | 9.31 | -57.1 | -68.13 | 0.40 | -64.29 | -83.54 | 0.33 | -64.89 | -83.42 | 0.04 | 0.0 | -42.86 | 31.58 | -38.98 | -41.67 | 18.73 | -9.47 | -13.45 | -3800.00 | -7025.0 | -11500.0 | 3900.00 | 2389.36 | 5625.53 | 32.05 | 38.68 | 90.89 |
| 24Q1 (18) | 0.17 | 70.0 | -37.04 | 22.33 | 3.05 | -49.92 | -14.42 | -62.2 | -172.5 | 26.48 | 75.83 | -10.99 | 21.70 | 79.04 | -8.21 | 1.12 | 64.71 | -41.05 | 0.94 | 62.07 | -40.51 | 0.04 | -20.0 | -42.86 | 51.75 | 34.77 | 11.17 | 20.69 | 18.16 | -5.74 | -53.33 | 7.88 | -179.24 | 156.67 | -0.78 | 379.22 | 23.11 | 6.69 | 26.77 |
| 23Q4 (17) | 0.10 | 242.86 | -61.54 | 21.67 | 154.04 | -45.68 | -8.89 | 75.05 | -251.19 | 15.06 | 229.27 | -45.63 | 12.12 | 217.21 | -55.65 | 0.68 | 238.78 | -62.01 | 0.58 | 241.46 | -61.33 | 0.05 | 25.0 | 0.0 | 38.40 | 134.86 | -18.61 | 17.51 | -1.13 | -7.55 | -57.89 | -118.78 | -382.24 | 157.89 | 175.79 | 98.64 | 21.66 | -6.72 | -21.83 |
| 23Q3 (16) | -0.07 | -120.0 | -150.0 | 8.53 | -77.79 | -77.76 | -35.63 | -384.36 | -898.88 | -11.65 | -130.34 | -153.94 | -10.34 | -135.4 | -181.1 | -0.49 | -120.16 | -149.49 | -0.41 | -120.6 | -150.0 | 0.04 | -42.86 | -33.33 | 16.35 | -69.8 | -57.85 | 17.71 | -18.16 | -13.95 | 308.33 | 825.0 | 1485.71 | -208.33 | -405.85 | -367.86 | 23.22 | 38.3 | -2.6 |
| 23Q2 (15) | 0.35 | 29.63 | 975.0 | 38.41 | -13.86 | 44.78 | 12.53 | -37.0 | 212.58 | 38.40 | 29.08 | 463.29 | 29.21 | 23.56 | 747.67 | 2.43 | 27.89 | 883.87 | 1.99 | 25.95 | 865.38 | 0.07 | 0.0 | 16.67 | 54.14 | 16.31 | 503.57 | 21.64 | -1.41 | 4.44 | 33.33 | -50.48 | -68.75 | 68.12 | 108.35 | 1121.74 | 16.79 | -7.9 | -43.45 |
| 23Q1 (14) | 0.27 | 3.85 | 550.0 | 44.59 | 11.78 | 56.35 | 19.89 | 238.27 | 266.03 | 29.75 | 7.4 | 475.16 | 23.64 | -13.5 | 452.31 | 1.90 | 6.15 | 531.82 | 1.58 | 5.33 | 538.89 | 0.07 | 40.0 | 40.0 | 46.55 | -1.34 | 280.62 | 21.95 | 15.89 | -2.36 | 67.31 | 228.13 | -56.45 | 32.69 | -58.87 | 159.94 | 18.23 | -34.21 | -29.09 |
| 22Q4 (13) | 0.26 | 85.71 | 273.33 | 39.89 | 3.99 | 62.82 | 5.88 | 31.84 | 126.44 | 27.70 | 28.24 | 214.99 | 27.33 | 114.35 | 255.9 | 1.79 | 80.81 | 265.74 | 1.50 | 82.93 | 268.54 | 0.05 | -16.67 | 0.0 | 47.18 | 21.63 | 1621.94 | 18.94 | -7.97 | -12.11 | 20.51 | 5.49 | -78.07 | 79.49 | 2.2 | 1132.05 | 27.71 | 16.23 | -25.55 |
| 22Q3 (12) | 0.14 | 450.0 | 173.68 | 38.36 | 44.59 | 71.1 | 4.46 | 140.07 | 119.04 | 21.60 | 304.35 | 181.08 | 12.75 | 382.71 | 159.52 | 0.99 | 419.35 | 173.88 | 0.82 | 415.38 | 175.23 | 0.06 | 0.0 | 20.0 | 38.79 | 332.44 | 740.1 | 20.58 | -0.68 | -11.18 | 19.44 | -81.77 | -78.05 | 77.78 | 1266.67 | 580.56 | 23.84 | -19.7 | -44.81 |
| 22Q2 (11) | -0.04 | 33.33 | 20.0 | 26.53 | -6.98 | 18.54 | -11.13 | 7.1 | 28.79 | -10.57 | -33.29 | 26.75 | -4.51 | 32.79 | 20.6 | -0.31 | 29.55 | 18.42 | -0.26 | 27.78 | 16.13 | 0.06 | 20.0 | 20.0 | 8.97 | -26.66 | 222.66 | 20.72 | -7.83 | -9.24 | 106.67 | -30.98 | 1.82 | -6.67 | 87.78 | 30.0 | 29.69 | 15.48 | -7.71 |
| 22Q1 (10) | -0.06 | 60.0 | 77.78 | 28.52 | 16.41 | 67.57 | -11.98 | 46.13 | 58.79 | -7.93 | 67.08 | 25.4 | -6.71 | 61.72 | 80.22 | -0.44 | 59.26 | 76.22 | -0.36 | 59.55 | 76.16 | 0.05 | 0.0 | 25.0 | 12.23 | 494.52 | -18.47 | 22.48 | 4.32 | 6.95 | 154.55 | 65.2 | -42.6 | -54.55 | -945.45 | 67.77 | 25.71 | -30.92 | -29.19 |
| 21Q4 (9) | -0.15 | 21.05 | 72.73 | 24.50 | 9.28 | 287.66 | -22.24 | 5.04 | 59.96 | -24.09 | 9.57 | 72.2 | -17.53 | 18.16 | 76.16 | -1.08 | 19.4 | 70.33 | -0.89 | 18.35 | 69.42 | 0.05 | 0.0 | 25.0 | -3.10 | 48.84 | 94.66 | 21.55 | -6.99 | -4.18 | 93.55 | 5.62 | 46.36 | 6.45 | -43.55 | -82.12 | 37.22 | -13.84 | -15.39 |
| 21Q3 (8) | -0.19 | -280.0 | -137.5 | 22.42 | 0.18 | -22.29 | -23.42 | -49.84 | -954.95 | -26.64 | -84.62 | -328.3 | -21.42 | -277.11 | -260.61 | -1.34 | -252.63 | -157.69 | -1.09 | -251.61 | -179.49 | 0.05 | 0.0 | -28.57 | -6.06 | -317.99 | -155.09 | 23.17 | 1.49 | -14.63 | 88.57 | -15.45 | 165.71 | 11.43 | 220.0 | -82.86 | 43.20 | 34.29 | 52.81 |
| 21Q2 (7) | -0.05 | 81.48 | -600.0 | 22.38 | 31.49 | -22.32 | -15.63 | 46.23 | -844.29 | -14.43 | -35.75 | -599.31 | -5.68 | 83.26 | -1151.85 | -0.38 | 79.46 | -860.0 | -0.31 | 79.47 | -720.0 | 0.05 | 25.0 | -28.57 | 2.78 | -81.47 | -84.97 | 22.83 | 8.61 | -28.12 | 104.76 | -61.09 | 46.67 | -9.52 | 94.37 | -133.33 | 32.17 | -11.4 | 0 |
| 21Q1 (6) | -0.27 | 50.91 | -1450.0 | 17.02 | 169.3 | -32.3 | -29.07 | 47.67 | -378.13 | -10.63 | 87.73 | -285.51 | -33.93 | 53.86 | -1796.5 | -1.85 | 49.18 | -1421.43 | -1.51 | 48.11 | -1358.33 | 0.04 | 0.0 | -33.33 | 15.00 | 125.84 | -44.79 | 21.02 | -6.54 | -24.17 | 269.23 | 321.22 | 344.76 | -169.23 | -569.01 | -184.62 | 36.31 | -17.46 | 0 |
| 20Q4 (5) | -0.55 | -587.5 | -1933.33 | 6.32 | -78.09 | -82.57 | -55.55 | -2402.25 | -666.26 | -86.64 | -1292.93 | -1955.25 | -73.54 | -1138.05 | -5713.74 | -3.64 | -600.0 | -2526.67 | -2.91 | -646.15 | -2338.46 | 0.04 | -42.86 | -55.56 | -58.04 | -627.64 | -419.78 | 22.49 | -17.13 | -27.31 | 63.92 | 91.75 | -70.32 | 36.08 | -45.88 | 133.51 | 43.99 | 55.61 | 49.17 |
| 20Q3 (4) | -0.08 | -900.0 | 0.0 | 28.85 | 0.14 | 0.0 | -2.22 | -205.71 | 0.0 | -6.22 | -315.22 | 0.0 | -5.94 | -1200.0 | 0.0 | -0.52 | -1140.0 | 0.0 | -0.39 | -880.0 | 0.0 | 0.07 | 0.0 | 0.0 | 11.00 | -40.54 | 0.0 | 27.14 | -14.55 | 0.0 | 33.33 | -53.33 | 0.0 | 66.67 | 133.33 | 0.0 | 28.27 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | -50.0 | 0.0 | 28.81 | 14.6 | 0.0 | 2.10 | 134.54 | 0.0 | 2.89 | -49.56 | 0.0 | 0.54 | -73.0 | 0.0 | 0.05 | -64.29 | 0.0 | 0.05 | -58.33 | 0.0 | 0.07 | 16.67 | 0.0 | 18.50 | -31.91 | 0.0 | 31.76 | 14.57 | 0.0 | 71.43 | 164.94 | 0.0 | 28.57 | -85.71 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.02 | -33.33 | 0.0 | 25.14 | -30.67 | 0.0 | -6.08 | -161.98 | 0.0 | 5.73 | 22.7 | 0.0 | 2.00 | 52.67 | 0.0 | 0.14 | -6.67 | 0.0 | 0.12 | -7.69 | 0.0 | 0.06 | -33.33 | 0.0 | 27.17 | 49.7 | 0.0 | 27.72 | -10.41 | 0.0 | -110.00 | -151.07 | 0.0 | 200.00 | 285.71 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 36.26 | 0.0 | 0.0 | 9.81 | 0.0 | 0.0 | 4.67 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 18.15 | 0.0 | 0.0 | 30.94 | 0.0 | 0.0 | 215.38 | 0.0 | 0.0 | -107.69 | 0.0 | 0.0 | 29.49 | 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) | 0.66 | 127.59 | 31.33 | -6.51 | 1.54 | 0 | 19.69 | 3.73 | 21.90 | 166.1 | 16.84 | 126.34 | 4.50 | 118.45 | 3.81 | 121.51 | 0.23 | 0.0 | 41.61 | 52.47 | 17.51 | -7.55 | 7.03 | 0 | 92.97 | -32.39 | 0.12 | -0.58 | 19.41 | -27.14 |
| 2022 (9) | 0.29 | 0 | 33.51 | 54.5 | -2.89 | 0 | 18.98 | -8.39 | 8.23 | 0 | 7.44 | 0 | 2.06 | 0 | 1.72 | 0 | 0.23 | 15.0 | 27.29 | 1336.32 | 18.94 | -12.11 | -35.42 | 0 | 137.50 | 0 | 0.12 | -1.44 | 26.64 | -28.25 |
| 2021 (8) | -0.67 | 0 | 21.69 | -11.11 | -22.29 | 0 | 20.72 | 7.7 | -19.01 | 0 | -19.02 | 0 | -4.63 | 0 | -3.79 | 0 | 0.20 | -16.67 | 1.90 | -71.21 | 21.55 | -4.18 | 117.00 | 51.12 | -17.00 | 0 | 0.12 | 61.52 | 37.13 | 16.58 |
| 2020 (7) | -0.60 | 0 | 24.40 | -22.91 | -10.16 | 0 | 19.24 | 107.31 | -13.05 | 0 | -12.57 | 0 | -3.87 | 0 | -3.01 | 0 | 0.24 | -27.27 | 6.60 | -65.55 | 22.49 | -27.31 | 77.42 | 8.16 | 22.58 | -20.55 | 0.07 | -23.45 | 31.85 | -5.57 |
| 2019 (6) | 0.42 | -50.0 | 31.65 | -5.01 | 6.77 | -47.8 | 9.28 | 213.18 | 9.50 | -47.97 | 5.75 | -36.6 | 2.48 | -47.79 | 1.99 | -46.36 | 0.33 | -19.51 | 19.16 | -10.22 | 30.94 | 8.79 | 71.58 | 1.05 | 28.42 | -0.98 | 0.10 | -7.84 | 33.73 | 10.88 |
| 2018 (5) | 0.84 | -43.62 | 33.32 | -8.44 | 12.97 | -35.76 | 2.96 | 1.39 | 18.26 | -5.58 | 9.07 | -36.13 | 4.75 | -41.72 | 3.71 | -42.03 | 0.41 | -8.89 | 21.34 | -4.35 | 28.44 | 3.57 | 70.83 | -32.14 | 28.70 | 0 | 0.10 | 0 | 30.42 | 4.54 |
| 2017 (4) | 1.49 | -37.39 | 36.39 | -11.8 | 20.19 | -21.04 | 2.92 | -18.41 | 19.34 | -37.17 | 14.20 | -35.43 | 8.15 | -34.43 | 6.40 | -34.63 | 0.45 | 0.0 | 22.31 | -35.18 | 27.46 | 1.03 | 104.38 | 25.7 | -4.38 | 0 | 0.00 | 0 | 29.10 | 8.06 |
| 2016 (3) | 2.38 | -11.19 | 41.26 | 1.33 | 25.57 | 0.0 | 3.58 | -10.68 | 30.78 | 2.6 | 21.99 | 5.57 | 12.43 | -8.74 | 9.79 | -8.16 | 0.45 | -11.76 | 34.42 | 0.85 | 27.18 | 2.03 | 83.04 | -2.61 | 16.96 | 15.08 | 0.00 | 0 | 26.93 | 4.18 |
| 2015 (2) | 2.68 | -13.83 | 40.72 | -1.71 | 25.57 | -1.46 | 4.01 | 5.11 | 30.00 | 5.37 | 20.83 | 1.56 | 13.62 | -14.45 | 10.66 | -13.54 | 0.51 | -15.0 | 34.13 | 5.34 | 26.64 | -9.36 | 85.26 | -6.59 | 14.74 | 64.94 | 0.00 | 0 | 25.85 | -5.21 |
| 2014 (1) | 3.11 | -6.89 | 41.43 | 0 | 25.95 | 0 | 3.82 | -5.61 | 28.47 | 0 | 20.51 | 0 | 15.92 | 0 | 12.33 | 0 | 0.60 | -20.0 | 32.40 | 10.17 | 29.39 | -1.24 | 91.28 | -7.95 | 8.94 | 958.94 | 0.00 | 0 | 27.27 | 12.97 |
