- 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) | -0.17 | -110.9 | -138.64 | 18.02 | -42.72 | -0.83 | -2.39 | -110.95 | -129.25 | -2.90 | -113.69 | -139.84 | -2.88 | -114.77 | -166.06 | -1.20 | -110.35 | -129.7 | -0.06 | -103.28 | -112.5 | 0.06 | -33.33 | -40.0 | 0.57 | -97.51 | -93.21 | 603.54 | 11.39 | -26.97 | 85.00 | -17.45 | -24.81 | 20.00 | 773.33 | 272.5 | 5.73 | 92.93 | 143.83 |
| 24Q2 (19) | 1.56 | 680.0 | 4.0 | 31.46 | 27.94 | 27.32 | 21.82 | 269.28 | 51.74 | 21.18 | -10.37 | 13.02 | 19.50 | 25.48 | 18.47 | 11.59 | 642.95 | -22.78 | 1.83 | 577.78 | 31.65 | 0.09 | 800.0 | 0.0 | 22.93 | -23.05 | 22.55 | 541.81 | -8.53 | -39.61 | 102.97 | 295.1 | 33.95 | -2.97 | -101.94 | -112.84 | 2.97 | -81.52 | 19.76 |
| 24Q1 (18) | 0.20 | 185.71 | 566.67 | 24.59 | 19.31 | -48.34 | -12.89 | -2284.75 | 92.65 | 23.63 | 6851.43 | 87.54 | 15.54 | 1686.21 | -17.3 | 1.56 | 194.34 | 231.91 | 0.27 | 285.71 | 125.0 | 0.01 | -87.5 | 0 | 29.80 | 22823.08 | -65.49 | 592.31 | 0.26 | -42.17 | -52.78 | 68.33 | 95.83 | 152.78 | -34.52 | -88.82 | 16.07 | 134.94 | -83.56 |
| 23Q4 (17) | 0.07 | -84.09 | 109.21 | 20.61 | 13.43 | -16.05 | 0.59 | -92.78 | 103.86 | -0.35 | -104.81 | 99.4 | 0.87 | -80.05 | 101.5 | 0.53 | -86.88 | 104.18 | 0.07 | -85.42 | 105.88 | 0.08 | -20.0 | 300.0 | 0.13 | -98.45 | 100.25 | 590.76 | -28.51 | -42.25 | -166.67 | -247.44 | -729.03 | 233.33 | 2112.5 | 217.44 | 6.84 | 191.06 | -34.17 |
| 23Q3 (16) | 0.44 | -70.67 | 160.27 | 18.17 | -26.47 | -33.71 | 8.17 | -43.18 | 125.91 | 7.28 | -61.15 | 106.27 | 4.36 | -73.51 | 103.79 | 4.04 | -73.08 | 137.17 | 0.48 | -65.47 | 141.74 | 0.10 | 11.11 | 900.0 | 8.40 | -55.1 | 108.4 | 826.38 | -7.89 | 1.08 | 113.04 | 47.05 | 315.71 | -11.59 | -150.14 | -115.92 | 2.35 | -5.24 | -87.16 |
| 23Q2 (15) | 1.50 | 4900.0 | 150.51 | 24.71 | -48.09 | -12.59 | 14.38 | 108.2 | 682.19 | 18.74 | 48.73 | 109.37 | 16.46 | -12.4 | 108.19 | 15.01 | 3093.62 | 143.38 | 1.39 | 1058.33 | 129.83 | 0.09 | 0 | 350.0 | 18.71 | -78.33 | 109.59 | 897.17 | -12.41 | 21.24 | 76.88 | 106.07 | 5729.69 | 23.12 | -98.31 | -76.57 | 2.48 | -97.46 | -68.77 |
| 23Q1 (14) | 0.03 | 103.95 | 101.59 | 47.60 | 93.89 | 79.15 | -175.47 | -1046.86 | -141.26 | 12.60 | 121.71 | 102.26 | 18.79 | 132.33 | 103.32 | 0.47 | 103.71 | 102.77 | 0.12 | 110.08 | 104.48 | 0.00 | -100.0 | 0 | 86.36 | 268.54 | 116.5 | 1024.26 | 0.13 | 82.11 | -1266.67 | -4880.65 | -9890.99 | 1366.67 | 1759.3 | 1469.75 | 97.73 | 840.62 | 170.87 |
| 22Q4 (13) | -0.76 | -4.11 | -144.19 | 24.55 | -10.43 | 12.25 | -15.30 | 51.47 | -211.76 | -58.03 | 50.04 | -360.11 | -58.12 | 49.44 | -387.01 | -12.68 | -16.65 | -183.42 | -1.19 | -3.48 | -143.91 | 0.02 | 100.0 | -84.62 | -51.24 | 48.76 | -316.02 | 1022.91 | 25.12 | 118.77 | 26.50 | -2.56 | -56.63 | 73.50 | 0.96 | 90.59 | 10.39 | -43.22 | 606.8 |
| 22Q3 (12) | -0.73 | 75.42 | 56.55 | 27.41 | -3.04 | -10.07 | -31.53 | -1176.52 | -397.17 | -116.16 | 41.9 | 7.57 | -114.95 | 42.83 | -19.55 | -10.87 | 68.58 | 26.7 | -1.15 | 75.32 | 54.0 | 0.01 | -50.0 | -66.67 | -100.00 | 48.76 | 16.72 | 817.52 | 10.48 | 65.3 | 27.19 | 1962.13 | 416.94 | 72.81 | -26.22 | -32.76 | 18.30 | 130.48 | 243.34 |
| 22Q2 (11) | -2.97 | -57.14 | -630.36 | 28.27 | 6.4 | 48.32 | -2.47 | 96.6 | -120.31 | -199.93 | 64.06 | -1756.42 | -201.05 | 64.42 | -3174.16 | -34.60 | -103.89 | -833.05 | -4.66 | -73.88 | -606.52 | 0.02 | 0 | -84.62 | -195.15 | 62.72 | -1571.72 | 739.98 | 31.56 | 59.1 | 1.32 | -89.81 | -98.69 | 98.68 | 13.34 | 15790.33 | 7.94 | -77.99 | 267.59 |
| 22Q1 (10) | -1.89 | -209.88 | -1011.76 | 26.57 | 21.49 | -5.71 | -72.73 | -631.26 | -2330.98 | -556.36 | -2593.77 | -9677.86 | -565.14 | -2890.81 | -6221.48 | -16.97 | -211.64 | -1195.42 | -2.68 | -198.89 | -2133.33 | 0.00 | -100.0 | -100.0 | -523.53 | -2307.12 | -49960.0 | 562.45 | 20.29 | 18.34 | 12.94 | -78.82 | 123.0 | 87.06 | 125.75 | -46.42 | 36.08 | 2354.42 | 378.51 |
| 21Q4 (9) | 1.72 | 202.38 | -20.0 | 21.87 | -28.25 | 23.91 | 13.69 | 29.03 | 61.25 | 22.31 | 117.75 | -5.63 | 20.25 | 121.06 | -11.46 | 15.20 | 202.49 | -10.38 | 2.71 | 208.4 | -23.88 | 0.13 | 333.33 | -13.33 | 23.72 | 119.76 | -5.84 | 467.57 | -5.46 | 30.07 | 61.09 | 812.04 | 70.36 | 38.57 | -64.38 | -39.87 | 1.47 | -72.42 | -48.42 |
| 21Q3 (8) | -1.68 | -400.0 | -340.0 | 30.48 | 59.92 | 35.71 | 10.61 | -12.75 | 25.56 | -125.67 | -1141.18 | -720.59 | -96.15 | -1570.18 | -572.95 | -14.83 | -414.19 | -337.66 | -2.50 | -371.74 | -300.0 | 0.03 | -76.92 | -50.0 | -120.07 | -1005.51 | -615.1 | 494.57 | 6.34 | 12.09 | -8.58 | -108.53 | -120.59 | 108.28 | 17317.16 | 85.63 | 5.33 | 146.76 | 87.68 |
| 21Q2 (7) | 0.56 | 429.41 | -58.21 | 19.06 | -32.36 | -19.44 | 12.16 | 273.01 | -9.39 | 12.07 | 312.13 | -60.86 | 6.54 | 173.15 | -78.28 | 4.72 | 460.31 | -63.97 | 0.92 | 866.67 | -63.05 | 0.13 | 333.33 | 62.5 | 13.26 | 1162.86 | -60.28 | 465.10 | -2.14 | 3.07 | 100.63 | 278.9 | 131.88 | -0.63 | -100.39 | -101.12 | 2.16 | -71.35 | 0 |
| 21Q1 (6) | -0.17 | -107.91 | 90.76 | 28.18 | 59.66 | 4.72 | 3.26 | -61.6 | -77.04 | -5.69 | -124.07 | 89.34 | -8.94 | -139.09 | 83.5 | -1.31 | -107.72 | 92.31 | -0.12 | -103.37 | 96.49 | 0.03 | -80.0 | -57.14 | 1.05 | -95.83 | 102.11 | 475.28 | 32.21 | 4.67 | -56.25 | -256.86 | -112.84 | 162.50 | 153.35 | 28.53 | 7.54 | 164.56 | 144.81 |
| 20Q4 (5) | 2.15 | 207.14 | 198.61 | 17.65 | -21.42 | -25.08 | 8.49 | 0.47 | 30.82 | 23.64 | 16.74 | 11.98 | 22.87 | 12.49 | 3.39 | 16.96 | 171.79 | 180.79 | 3.56 | 184.8 | 126.75 | 0.15 | 150.0 | 114.29 | 25.19 | 8.07 | 1.37 | 359.48 | -18.53 | 12.05 | 35.86 | -13.94 | 15.19 | 64.14 | 9.95 | -8.12 | 2.85 | 0.35 | -24.0 |
| 20Q3 (4) | 0.70 | -47.76 | 0.0 | 22.46 | -5.07 | 0.0 | 8.45 | -37.03 | 0.0 | 20.25 | -34.34 | 0.0 | 20.33 | -32.48 | 0.0 | 6.24 | -52.37 | 0.0 | 1.25 | -49.8 | 0.0 | 0.06 | -25.0 | 0.0 | 23.31 | -30.17 | 0.0 | 441.23 | -2.22 | 0.0 | 41.67 | -3.99 | 0.0 | 58.33 | 3.92 | 0.0 | 2.84 | 0 | 0.0 |
| 20Q2 (3) | 1.34 | 172.83 | 0.0 | 23.66 | -12.08 | 0.0 | 13.42 | -5.49 | 0.0 | 30.84 | 157.75 | 0.0 | 30.11 | 155.57 | 0.0 | 13.10 | 176.92 | 0.0 | 2.49 | 172.81 | 0.0 | 0.08 | 14.29 | 0.0 | 33.38 | 167.01 | 0.0 | 451.24 | -0.62 | 0.0 | 43.40 | 264.2 | 0.0 | 56.13 | -55.6 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.84 | -355.56 | 0.0 | 26.91 | 14.22 | 0.0 | 14.20 | 118.8 | 0.0 | -53.40 | -352.96 | 0.0 | -54.18 | -344.94 | 0.0 | -17.03 | -381.95 | 0.0 | -3.42 | -317.83 | 0.0 | 0.07 | 0.0 | 0.0 | -49.81 | -300.44 | 0.0 | 454.07 | 41.53 | 0.0 | -26.43 | -184.89 | 0.0 | 126.43 | 81.1 | 0.0 | 3.08 | -17.87 | 0.0 |
| 19Q4 (1) | 0.72 | 0.0 | 0.0 | 23.56 | 0.0 | 0.0 | 6.49 | 0.0 | 0.0 | 21.11 | 0.0 | 0.0 | 22.12 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 1.57 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 24.85 | 0.0 | 0.0 | 320.82 | 0.0 | 0.0 | 31.13 | 0.0 | 0.0 | 69.81 | 0.0 | 0.0 | 3.75 | 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) | 2.02 | 0 | 21.29 | -20.2 | 6.44 | 0 | 0.62 | -84.54 | 8.83 | 0 | 7.43 | 0 | 16.42 | 0 | 2.04 | 0 | 0.26 | 333.33 | 9.96 | 0 | 590.76 | -42.25 | 73.04 | 576.17 | 26.96 | -69.78 | 0.01 | -5.76 | 4.51 | -65.47 |
| 2022 (9) | -6.35 | 0 | 26.68 | 21.27 | -18.12 | 0 | 3.98 | 503.71 | -168.09 | 0 | -169.14 | 0 | -71.30 | 0 | -9.32 | 0 | 0.06 | -80.65 | -157.61 | 0 | 1022.91 | 118.77 | 10.80 | -97.2 | 89.20 | 0 | 0.01 | 10.02 | 13.06 | 396.58 |
| 2021 (8) | 0.44 | -81.28 | 22.00 | 3.43 | 11.86 | 13.17 | 0.66 | 10.7 | 3.07 | -74.37 | 2.13 | -81.25 | 3.39 | -81.4 | 1.04 | -77.59 | 0.31 | -13.89 | 5.24 | -63.48 | 467.57 | 30.07 | 385.71 | 341.15 | -285.71 | 0 | 0.01 | -8.66 | 2.63 | -4.36 |
| 2020 (7) | 2.35 | 80.77 | 21.27 | -17.08 | 10.48 | 39.36 | 0.60 | -62.83 | 11.98 | -7.7 | 11.36 | -8.02 | 18.23 | 68.02 | 4.64 | 53.64 | 0.36 | 80.0 | 14.35 | -19.7 | 359.48 | 12.05 | 87.43 | 51.22 | 12.57 | -70.21 | 0.01 | 0 | 2.75 | -30.56 |
| 2019 (6) | 1.30 | 83.1 | 25.65 | 11.14 | 7.52 | -24.42 | 1.60 | 193.41 | 12.98 | 101.87 | 12.35 | 168.48 | 10.85 | 82.35 | 3.02 | 48.04 | 0.20 | -33.33 | 17.87 | 83.47 | 320.82 | -8.62 | 57.82 | -62.67 | 42.18 | 0 | 0.00 | 0 | 3.96 | 67.8 |
| 2018 (5) | 0.71 | -8.97 | 23.08 | -19.75 | 9.95 | -20.97 | 0.55 | -37.43 | 6.43 | -35.7 | 4.60 | -38.58 | 5.95 | -12.88 | 2.04 | -14.64 | 0.30 | 25.0 | 9.74 | -30.82 | 351.10 | 12.76 | 154.90 | 23.35 | -54.90 | 0 | 0.00 | 0 | 2.36 | -26.93 |
| 2017 (4) | 0.78 | 766.67 | 28.76 | 30.67 | 12.59 | 91.34 | 0.87 | -63.58 | 10.00 | 298.41 | 7.49 | 480.62 | 6.83 | 694.19 | 2.39 | 184.52 | 0.24 | 20.0 | 14.08 | 61.28 | 311.37 | 20.79 | 125.58 | -52.72 | -26.16 | 0 | 0.00 | 0 | 3.23 | -9.01 |
| 2016 (3) | 0.09 | -30.77 | 22.01 | -17.1 | 6.58 | -0.3 | 2.40 | -46.01 | 2.51 | -32.53 | 1.29 | -31.75 | 0.86 | -25.22 | 0.84 | 20.0 | 0.20 | 5.26 | 8.73 | -16.38 | 257.77 | 15.03 | 265.62 | 49.41 | -165.62 | 0 | 0.00 | 0 | 3.55 | -45.38 |
| 2015 (2) | 0.13 | -96.05 | 26.55 | -27.79 | 6.60 | -73.33 | 4.44 | 181.14 | 3.72 | -83.43 | 1.89 | -91.57 | 1.15 | -95.62 | 0.70 | -92.76 | 0.19 | -53.66 | 10.44 | -59.57 | 224.08 | -0.08 | 177.78 | 61.1 | -77.78 | 0 | 0.00 | 0 | 6.50 | 41.3 |
| 2014 (1) | 3.29 | 37.66 | 36.77 | 0 | 24.75 | 0 | 1.58 | 57.66 | 22.45 | 0 | 22.41 | 0 | 26.24 | 0 | 9.67 | 0 | 0.41 | -6.82 | 25.82 | 2.75 | 224.27 | 50.28 | 110.35 | 5.0 | -10.16 | 0 | 0.00 | 0 | 4.60 | -17.12 |
