- 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) | -0.75 | -1.35 | -294.74 | 10.07 | -21.39 | -51.02 | -22.07 | 24.16 | -163.05 | -25.02 | -7.29 | -266.33 | -20.68 | -14.19 | -295.41 | -5.15 | -6.63 | -347.83 | -2.63 | -1.94 | -396.23 | 0.13 | -13.33 | 8.33 | -22.41 | -7.59 | -637.17 | 93.36 | 5.1 | 7.57 | 87.93 | -30.34 | -25.95 | 12.07 | 149.08 | 148.28 | 26.83 | -29.21 | 12.73 |
| 24Q2 (19) | -0.74 | -7300.0 | -535.29 | 12.81 | 0.71 | -55.27 | -29.10 | -1002.27 | -577.83 | -23.32 | -3184.51 | -387.19 | -18.11 | -13830.77 | -560.81 | -4.83 | -9560.0 | -564.42 | -2.58 | -6550.0 | -509.52 | 0.15 | -25.0 | 7.14 | -20.83 | -2028.7 | -286.15 | 88.83 | 17.42 | -0.95 | 126.23 | -62.13 | 63.36 | -24.59 | 89.46 | -190.16 | 37.90 | 185.18 | 113.76 |
| 24Q1 (18) | -0.01 | 96.3 | -101.37 | 12.72 | -19.08 | -59.44 | -2.64 | 83.08 | -121.02 | -0.71 | 94.35 | -104.58 | -0.13 | 98.52 | -101.0 | -0.05 | 97.04 | -101.08 | 0.04 | 104.82 | -98.35 | 0.20 | 100.0 | 11.11 | 1.08 | 112.51 | -94.0 | 75.65 | -13.86 | -15.43 | 333.33 | 168.82 | 314.81 | -233.33 | -872.22 | -1287.88 | 13.29 | -37.75 | -14.7 |
| 23Q4 (17) | -0.27 | -42.11 | -165.85 | 15.72 | -23.54 | -44.24 | -15.60 | -85.94 | -298.73 | -12.57 | -84.04 | -247.02 | -8.81 | -68.45 | -224.61 | -1.69 | -46.96 | -162.83 | -0.83 | -56.6 | -159.71 | 0.10 | -16.67 | -47.37 | -8.63 | -183.88 | -179.61 | 87.82 | 1.19 | -19.42 | 124.00 | 4.42 | 36.83 | -24.00 | 4.0 | -356.0 | 21.35 | -10.29 | 56.64 |
| 23Q3 (16) | -0.19 | -211.76 | -35.71 | 20.56 | -28.21 | -20.56 | -8.39 | -237.77 | -133.7 | -6.83 | -184.11 | -34.71 | -5.23 | -233.08 | -19.13 | -1.15 | -210.58 | -25.0 | -0.53 | -184.13 | -26.19 | 0.12 | -14.29 | 9.09 | -3.04 | -127.17 | -200.99 | 86.79 | -3.22 | -13.58 | 118.75 | 53.68 | 69.64 | -25.00 | -191.67 | -183.33 | 23.80 | 34.24 | 7.89 |
| 23Q2 (15) | 0.17 | -76.71 | 270.0 | 28.64 | -8.67 | -19.75 | 6.09 | -51.51 | 117.5 | 8.12 | -47.61 | 496.1 | 3.93 | -69.63 | 221.3 | 1.04 | -77.63 | 265.08 | 0.63 | -73.97 | 285.29 | 0.14 | -22.22 | 27.27 | 11.19 | -37.87 | 621.94 | 89.68 | 0.26 | -3.26 | 77.27 | -3.84 | 161.82 | 27.27 | 38.84 | -87.88 | 17.73 | 13.8 | -33.74 |
| 23Q1 (14) | 0.73 | 78.05 | 284.21 | 31.36 | 11.25 | -2.91 | 12.56 | 60.0 | 56.22 | 15.50 | 81.29 | 127.27 | 12.94 | 83.03 | 174.15 | 4.65 | 72.86 | 287.5 | 2.42 | 74.1 | 227.03 | 0.18 | -5.26 | 12.5 | 18.01 | 66.14 | 93.66 | 89.45 | -17.92 | 38.04 | 80.36 | -11.33 | -31.12 | 19.64 | 109.52 | 217.86 | 15.58 | 14.31 | -23.81 |
| 22Q4 (13) | 0.41 | 392.86 | 156.25 | 28.19 | 8.93 | 39.07 | 7.85 | 318.66 | 847.62 | 8.55 | 268.64 | 299.53 | 7.07 | 261.05 | 109.79 | 2.69 | 392.39 | 161.17 | 1.39 | 430.95 | 101.45 | 0.19 | 72.73 | -5.0 | 10.84 | 1173.27 | 153.27 | 108.98 | 8.51 | 82.06 | 90.62 | 29.46 | 281.25 | 9.38 | -68.75 | -94.38 | 13.63 | -38.21 | -7.15 |
| 22Q3 (12) | -0.14 | -40.0 | -173.68 | 25.88 | -27.49 | -35.99 | -3.59 | -228.21 | -145.04 | -5.07 | -147.32 | -166.54 | -4.39 | -35.49 | -173.41 | -0.92 | -46.03 | -174.19 | -0.42 | -23.53 | -146.15 | 0.11 | 0.0 | -26.67 | -1.01 | -165.16 | -109.32 | 100.43 | 8.34 | 163.25 | 70.00 | 156.0 | -30.0 | 30.00 | -86.67 | 580.0 | 22.06 | -17.56 | -1.91 |
| 22Q2 (11) | -0.10 | -152.63 | -127.78 | 35.69 | 10.5 | -4.78 | 2.80 | -65.17 | -70.56 | -2.05 | -130.06 | -116.15 | -3.24 | -168.64 | -132.14 | -0.63 | -152.5 | -127.51 | -0.34 | -145.95 | -119.88 | 0.11 | -31.25 | -35.29 | 1.55 | -83.33 | -89.95 | 92.70 | 43.06 | 162.98 | -125.00 | -207.14 | -264.77 | 225.00 | 1450.0 | 832.14 | 26.76 | 30.86 | 27.85 |
| 22Q1 (10) | 0.19 | 18.75 | 2000.0 | 32.30 | 59.35 | 8.68 | 8.04 | 865.71 | 222.56 | 6.82 | 218.69 | 663.64 | 4.72 | 40.06 | 2066.67 | 1.20 | 16.5 | 2500.0 | 0.74 | 7.25 | 2566.67 | 0.16 | -20.0 | 14.29 | 9.30 | 117.29 | 340.76 | 64.80 | 8.25 | 94.83 | 116.67 | 333.33 | -80.56 | -16.67 | -110.0 | 96.67 | 20.45 | 39.31 | -13.93 |
| 21Q4 (9) | 0.16 | -15.79 | -48.39 | 20.27 | -49.86 | -44.19 | -1.05 | -113.17 | -111.77 | 2.14 | -71.92 | -75.15 | 3.37 | -43.65 | -54.46 | 1.03 | -16.94 | -48.5 | 0.69 | -24.18 | -53.69 | 0.20 | 33.33 | 0.0 | 4.28 | -60.52 | -61.2 | 59.86 | 56.91 | 85.15 | -50.00 | -150.0 | -147.92 | 166.67 | 2766.67 | 3933.33 | 14.68 | -34.73 | -18.9 |
| 21Q3 (8) | 0.19 | -47.22 | -36.67 | 40.43 | 7.87 | 15.02 | 7.97 | -16.19 | 44.91 | 7.62 | -39.95 | -22.24 | 5.98 | -40.67 | -31.66 | 1.24 | -45.85 | -36.08 | 0.91 | -46.78 | -33.09 | 0.15 | -11.76 | 0.0 | 10.84 | -29.7 | -15.25 | 38.15 | 8.23 | 3.44 | 100.00 | 31.82 | 83.33 | -6.25 | -125.89 | -115.28 | 22.49 | 7.45 | 5.98 |
| 21Q2 (7) | 0.36 | 3700.0 | 0.0 | 37.48 | 26.11 | -4.46 | 9.51 | 244.97 | 57.71 | 12.69 | 1148.76 | -4.59 | 10.08 | 4300.0 | -20.13 | 2.29 | 4680.0 | -0.43 | 1.71 | 5800.0 | 7.55 | 0.17 | 21.43 | 30.77 | 15.42 | 630.81 | -10.87 | 35.25 | 5.98 | -29.65 | 75.86 | -87.36 | 72.41 | 24.14 | 104.83 | -53.58 | 20.93 | -11.91 | -14.81 |
| 21Q1 (6) | -0.01 | -103.23 | 94.44 | 29.72 | -18.17 | -19.76 | -6.56 | -173.54 | -346.26 | -1.21 | -114.05 | 86.43 | -0.24 | -103.24 | 96.68 | -0.05 | -102.5 | 95.45 | -0.03 | -102.01 | 96.15 | 0.14 | -30.0 | 27.27 | 2.11 | -80.87 | 148.51 | 33.26 | 2.88 | -18.54 | 600.00 | 475.0 | 4100.0 | -500.00 | -11400.0 | -683.33 | 23.76 | 31.27 | -16.51 |
| 20Q4 (5) | 0.31 | 3.33 | -41.51 | 36.32 | 3.33 | 5.98 | 8.92 | 62.18 | -10.8 | 8.61 | -12.14 | -15.67 | 7.40 | -15.43 | -12.11 | 2.00 | 3.09 | -38.84 | 1.49 | 9.56 | -31.65 | 0.20 | 33.33 | -23.08 | 11.03 | -13.76 | -8.16 | 32.33 | -12.34 | -23.35 | 104.35 | 91.3 | 6.89 | -4.35 | -110.63 | -282.61 | 18.10 | -14.7 | 19.16 |
| 20Q3 (4) | 0.30 | -16.67 | 0.0 | 35.15 | -10.4 | 0.0 | 5.50 | -8.79 | 0.0 | 9.80 | -26.32 | 0.0 | 8.75 | -30.67 | 0.0 | 1.94 | -15.65 | 0.0 | 1.36 | -14.47 | 0.0 | 0.15 | 15.38 | 0.0 | 12.79 | -26.07 | 0.0 | 36.88 | -26.4 | 0.0 | 54.55 | 23.97 | 0.0 | 40.91 | -21.33 | 0.0 | 21.22 | -13.63 | 0.0 |
| 20Q2 (3) | 0.36 | 300.0 | 0.0 | 39.23 | 5.91 | 0.0 | 6.03 | 510.2 | 0.0 | 13.30 | 249.1 | 0.0 | 12.62 | 274.55 | 0.0 | 2.30 | 309.09 | 0.0 | 1.59 | 303.85 | 0.0 | 0.13 | 18.18 | 0.0 | 17.30 | 497.7 | 0.0 | 50.11 | 22.73 | 0.0 | 44.00 | 208.0 | 0.0 | 52.00 | -39.33 | 0.0 | 24.57 | -13.67 | 0.0 |
| 20Q1 (2) | -0.18 | -133.96 | 0.0 | 37.04 | 8.08 | 0.0 | -1.47 | -114.7 | 0.0 | -8.92 | -187.37 | 0.0 | -7.23 | -185.87 | 0.0 | -1.10 | -133.64 | 0.0 | -0.78 | -135.78 | 0.0 | 0.11 | -57.69 | 0.0 | -4.35 | -136.22 | 0.0 | 40.83 | -3.2 | 0.0 | 14.29 | -85.37 | 0.0 | 85.71 | 3500.0 | 0.0 | 28.46 | 87.36 | 0.0 |
| 19Q4 (1) | 0.53 | 0.0 | 0.0 | 34.27 | 0.0 | 0.0 | 10.00 | 0.0 | 0.0 | 10.21 | 0.0 | 0.0 | 8.42 | 0.0 | 0.0 | 3.27 | 0.0 | 0.0 | 2.18 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 12.01 | 0.0 | 0.0 | 42.18 | 0.0 | 0.0 | 97.62 | 0.0 | 0.0 | 2.38 | 0.0 | 0.0 | 15.19 | 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) | 0.44 | 22.22 | 25.42 | -15.83 | 1.14 | -75.74 | 2.35 | -7.82 | 3.56 | 3.49 | 2.64 | 15.79 | 2.82 | 20.51 | 1.74 | 22.54 | 0.54 | -3.57 | 6.77 | 4.64 | 87.82 | -19.42 | 31.58 | -76.97 | 68.42 | 0 | 0.05 | -46.36 | 18.98 | -2.67 |
| 2022 (9) | 0.36 | -48.57 | 30.20 | -2.17 | 4.70 | 96.65 | 2.55 | -5.79 | 3.44 | -34.35 | 2.28 | -52.89 | 2.34 | -47.06 | 1.42 | -53.14 | 0.56 | -9.68 | 6.47 | -20.32 | 108.98 | 82.06 | 137.14 | 199.22 | -37.14 | 0 | 0.10 | 57.48 | 19.50 | -1.52 |
| 2021 (8) | 0.70 | -11.39 | 30.87 | -16.09 | 2.39 | -55.58 | 2.71 | -12.9 | 5.24 | -20.36 | 4.84 | -20.53 | 4.42 | -9.8 | 3.03 | -15.36 | 0.62 | 5.08 | 8.12 | -19.12 | 59.86 | 85.15 | 45.83 | -43.98 | 54.17 | 197.92 | 0.06 | 0 | 19.80 | -11.37 |
| 2020 (7) | 0.79 | -45.89 | 36.79 | -1.26 | 5.38 | -34.39 | 3.11 | 39.78 | 6.58 | -30.15 | 6.09 | -18.47 | 4.90 | -44.44 | 3.58 | -35.96 | 0.59 | -21.33 | 10.04 | -15.63 | 32.33 | -23.35 | 81.82 | -5.47 | 18.18 | 44.24 | 0.00 | 0 | 22.34 | 23.84 |
| 2019 (6) | 1.46 | -14.12 | 37.26 | -6.03 | 8.20 | -12.86 | 2.22 | 101.75 | 9.42 | -14.36 | 7.47 | -13.14 | 8.82 | -15.52 | 5.59 | -14.92 | 0.75 | -1.32 | 11.90 | -4.88 | 42.18 | -43.41 | 86.55 | 0.98 | 12.61 | -11.76 | 0.07 | 23.46 | 18.04 | -6.87 |
| 2018 (5) | 1.70 | 50.44 | 39.65 | 10.72 | 9.41 | 26.14 | 1.10 | -0.24 | 11.00 | 58.5 | 8.60 | 49.83 | 10.44 | 46.84 | 6.57 | 38.32 | 0.76 | -8.43 | 12.51 | 45.47 | 74.54 | 74.16 | 85.71 | -20.6 | 14.29 | 0 | 0.05 | 0 | 19.37 | 4.76 |
| 2017 (4) | 1.13 | -11.72 | 35.81 | -1.05 | 7.46 | 22.9 | 1.10 | -4.5 | 6.94 | -13.25 | 5.74 | -15.34 | 7.11 | -11.79 | 4.75 | -8.65 | 0.83 | 7.79 | 8.60 | -12.51 | 42.80 | -23.98 | 107.95 | 41.51 | -7.95 | 0 | 0.00 | 0 | 18.49 | -9.8 |
| 2016 (3) | 1.28 | 17.43 | 36.19 | -13.17 | 6.07 | -22.48 | 1.16 | 34.75 | 8.00 | -11.99 | 6.78 | 1.95 | 8.06 | 16.81 | 5.20 | 11.59 | 0.77 | 11.59 | 9.83 | -11.12 | 56.30 | 3.78 | 76.29 | -11.62 | 23.71 | 73.28 | 0.00 | 0 | 20.50 | -9.13 |
| 2015 (2) | 1.09 | -13.49 | 41.68 | 5.17 | 7.83 | 90.98 | 0.86 | -9.83 | 9.09 | 1.68 | 6.65 | -13.97 | 6.90 | -14.92 | 4.66 | -17.67 | 0.69 | -4.17 | 11.06 | 1.94 | 54.25 | 17.32 | 86.32 | 88.69 | 13.68 | -74.78 | 0.00 | 0 | 22.56 | -6.66 |
| 2014 (1) | 1.26 | -1.56 | 39.63 | 0 | 4.10 | 0 | 0.95 | 76.66 | 8.94 | 0 | 7.73 | 0 | 8.11 | 0 | 5.66 | 0 | 0.72 | -7.69 | 10.85 | 3.33 | 46.24 | 4.24 | 45.74 | -51.99 | 54.26 | 1050.21 | 0.00 | 0 | 24.17 | 2.68 |
