- 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) | -0.58 | -138.93 | -75.76 | 11.99 | 27.01 | 3.72 | -15.68 | 24.18 | -31.76 | -16.65 | -136.53 | -80.98 | -16.65 | -136.53 | -80.98 | -6.90 | -136.86 | -51.65 | -4.60 | -135.91 | -53.33 | 0.28 | 0.0 | -17.65 | -12.94 | -126.2 | -123.88 | 51.12 | 9.86 | 23.12 | 96.43 | 313.31 | -26.53 | 7.14 | -95.08 | 122.86 | 24.67 | -6.87 | 25.36 |
| 24Q2 (19) | 1.49 | 275.29 | 651.85 | 9.44 | 693.28 | -15.34 | -20.68 | 27.77 | -179.08 | 45.58 | 270.97 | 831.62 | 45.58 | 270.97 | 831.62 | 18.72 | 269.26 | 622.91 | 12.81 | 265.93 | 710.0 | 0.28 | -3.45 | -22.22 | 49.38 | 318.69 | 1614.72 | 46.53 | 0.58 | -11.22 | -45.21 | -142.12 | -135.52 | 145.21 | 2084.47 | 898.63 | 26.49 | 1.3 | 71.46 |
| 24Q1 (18) | -0.85 | -174.56 | -63.46 | 1.19 | -78.56 | -86.18 | -28.63 | 1.24 | -172.67 | -26.66 | -161.87 | -104.76 | -26.66 | -161.87 | -104.76 | -11.06 | -178.44 | -52.34 | -7.72 | -176.36 | -105.32 | 0.29 | 26.09 | -3.33 | -22.58 | -146.72 | -132.78 | 46.26 | 14.53 | -34.17 | 107.32 | 259.44 | 32.57 | -7.32 | -104.37 | -138.41 | 26.15 | -11.05 | 48.58 |
| 23Q4 (17) | 1.14 | 445.45 | 311.11 | 5.55 | -51.99 | -52.65 | -28.99 | -143.61 | -572.62 | 43.09 | 568.37 | 538.35 | 43.09 | 568.37 | 538.35 | 14.10 | 409.89 | 296.93 | 10.11 | 437.0 | 499.6 | 0.23 | -32.35 | -17.86 | 48.33 | 936.16 | 809.69 | 40.39 | -2.72 | -57.48 | -67.31 | -151.28 | -259.86 | 167.31 | 635.38 | 188.99 | 29.40 | 49.39 | 95.87 |
| 23Q3 (16) | -0.33 | -22.22 | 43.1 | 11.56 | 3.68 | 1775.36 | -11.90 | -60.59 | -17.94 | -9.20 | -47.67 | -35.89 | -9.20 | -47.67 | -35.89 | -4.55 | -27.09 | 47.4 | -3.00 | -42.86 | -43.54 | 0.34 | -5.56 | -5.56 | -5.78 | -77.3 | -40.29 | 41.52 | -20.78 | -82.88 | 131.25 | 3.13 | -9.48 | -31.25 | -71.88 | 37.5 | 19.68 | 27.38 | 105.0 |
| 23Q2 (15) | -0.27 | 48.08 | 25.0 | 11.15 | 29.5 | 112.38 | -7.41 | 29.43 | -91.97 | -6.23 | 52.15 | -57.32 | -6.23 | 52.15 | -57.32 | -3.58 | 50.69 | 28.83 | -2.10 | 44.15 | -62.79 | 0.36 | 20.0 | -5.26 | -3.26 | 66.39 | -68.04 | 52.41 | -25.42 | -79.96 | 127.27 | 57.22 | 27.27 | -18.18 | -195.45 | 0 | 15.45 | -12.22 | 69.78 |
| 23Q1 (14) | -0.52 | 3.7 | -2700.0 | 8.61 | -26.54 | -24.27 | -10.50 | -143.62 | -5100.0 | -13.02 | -32.45 | -5760.87 | -13.02 | -32.45 | -5760.87 | -7.26 | -1.4 | -3125.0 | -3.76 | -48.62 | -1734.78 | 0.30 | 7.14 | -14.29 | -9.70 | -42.44 | -512.77 | 70.27 | -26.02 | -66.54 | 80.95 | 92.26 | -19.05 | 19.05 | -67.1 | 0 | 17.60 | 17.26 | 64.03 |
| 22Q4 (13) | -0.54 | 6.9 | 16.92 | 11.72 | 1798.55 | 430.32 | -4.31 | 57.28 | 66.01 | -9.83 | -45.2 | 12.93 | -9.83 | -45.2 | 12.85 | -7.16 | 17.23 | -4.37 | -2.53 | -21.05 | 6.64 | 0.28 | -22.22 | 12.0 | -6.81 | -65.29 | 17.75 | 94.98 | -60.85 | -46.69 | 42.11 | -70.96 | -62.11 | 57.89 | 215.79 | 621.05 | 15.01 | 56.35 | 5.93 |
| 22Q3 (12) | -0.58 | -61.11 | 46.3 | -0.69 | -113.14 | 93.28 | -10.09 | -161.4 | 77.49 | -6.77 | -70.96 | 84.52 | -6.77 | -70.96 | 84.52 | -8.65 | -71.97 | 40.14 | -2.09 | -62.02 | 67.29 | 0.36 | -5.26 | 140.0 | -4.12 | -112.37 | 89.38 | 242.59 | -7.26 | 103.07 | 145.00 | 45.0 | 40.17 | -50.00 | 0 | -1350.0 | 9.60 | 5.49 | -71.47 |
| 22Q2 (11) | -0.36 | -1900.0 | 68.42 | 5.25 | -53.83 | 143.57 | -3.86 | -1938.1 | 97.01 | -3.96 | -1821.74 | 96.8 | -3.96 | -1821.74 | 96.8 | -5.03 | -2195.83 | 72.72 | -1.29 | -660.87 | 86.51 | 0.38 | 8.57 | 375.0 | -1.94 | -182.55 | 98.22 | 261.59 | 24.57 | 89.97 | 100.00 | 0.0 | -3.57 | -0.00 | 0 | 100.0 | 9.10 | -15.19 | -92.3 |
| 22Q1 (10) | 0.02 | 103.08 | 104.26 | 11.37 | 414.48 | -45.68 | 0.21 | 101.66 | 100.52 | 0.23 | 102.04 | 100.65 | 0.23 | 102.04 | 100.65 | 0.24 | 103.5 | 103.51 | 0.23 | 108.49 | 104.96 | 0.35 | 40.0 | 169.23 | 2.35 | 128.38 | 108.36 | 210.00 | 17.87 | 293.77 | 100.00 | -10.0 | -15.38 | 0.00 | 100.0 | 100.0 | 10.73 | -24.28 | -80.62 |
| 21Q4 (9) | -0.65 | 39.81 | -912.5 | 2.21 | 121.52 | -90.66 | -12.68 | 71.71 | -315.74 | -11.29 | 74.19 | -516.61 | -11.28 | 74.21 | -516.24 | -6.86 | 52.53 | -741.12 | -2.71 | 57.59 | -456.58 | 0.25 | 66.67 | -7.41 | -8.28 | 78.67 | -236.63 | 178.16 | 49.14 | 339.9 | 111.11 | 7.41 | 211.11 | -11.11 | -222.22 | -105.56 | 14.17 | -57.89 | -38.18 |
| 21Q3 (8) | -1.08 | 5.26 | -668.42 | -10.27 | 14.77 | -142.6 | -44.82 | 65.32 | -1959.75 | -43.74 | 64.6 | -826.58 | -43.74 | 64.68 | -826.58 | -14.45 | 21.64 | -639.18 | -6.39 | 33.16 | -445.41 | 0.15 | 87.5 | -50.0 | -38.81 | 64.42 | -572.14 | 119.46 | -13.25 | 143.3 | 103.45 | -0.25 | 106.9 | -3.45 | 6.9 | -104.6 | 33.65 | -71.51 | 76.64 |
| 21Q2 (7) | -1.14 | -142.55 | -642.86 | -12.05 | -157.57 | -140.93 | -129.25 | -220.72 | -10761.34 | -123.56 | -249.73 | -1314.95 | -123.84 | -250.52 | -1317.7 | -18.44 | -169.59 | -681.7 | -9.56 | -106.03 | -536.53 | 0.08 | -38.46 | -61.9 | -109.09 | -287.94 | -879.21 | 137.70 | 158.2 | 218.6 | 103.70 | -12.25 | 618.52 | -3.70 | 79.63 | -103.09 | 118.11 | 113.31 | 335.03 |
| 21Q1 (6) | -0.47 | -687.5 | -883.33 | 20.93 | -11.54 | -7.63 | -40.30 | -1221.31 | -786.54 | -35.33 | -1403.69 | -1949.74 | -35.33 | -1403.69 | -1949.74 | -6.84 | -739.25 | -805.15 | -4.64 | -710.53 | -792.54 | 0.13 | -51.85 | -61.76 | -28.12 | -564.03 | -849.87 | 53.33 | 31.68 | 9.37 | 118.18 | 218.18 | -52.73 | -18.18 | -109.09 | 87.88 | 55.37 | 141.58 | 286.39 |
| 20Q4 (5) | 0.08 | -57.89 | 144.44 | 23.66 | -1.87 | 6.62 | -3.05 | -226.56 | -41.2 | 2.71 | -54.98 | 132.26 | 2.71 | -54.98 | 132.26 | 1.07 | -60.07 | 139.19 | 0.76 | -58.92 | 140.43 | 0.27 | -10.0 | 17.39 | 6.06 | -26.28 | 254.59 | 40.50 | -17.52 | -18.9 | -100.00 | -300.0 | -500.0 | 200.00 | 166.67 | 166.67 | 22.92 | 20.31 | 11.05 |
| 20Q3 (4) | 0.19 | -9.52 | 0.0 | 24.11 | -18.1 | 0.0 | 2.41 | 302.52 | 0.0 | 6.02 | -40.81 | 0.0 | 6.02 | -40.81 | 0.0 | 2.68 | -15.46 | 0.0 | 1.85 | -15.53 | 0.0 | 0.30 | 42.86 | 0.0 | 8.22 | -41.29 | 0.0 | 49.10 | 13.6 | 0.0 | 50.00 | 350.0 | 0.0 | 75.00 | -37.5 | 0.0 | 19.05 | -29.83 | 0.0 |
| 20Q2 (3) | 0.21 | 250.0 | 0.0 | 29.44 | 29.92 | 0.0 | -1.19 | -120.27 | 0.0 | 10.17 | 432.46 | 0.0 | 10.17 | 432.46 | 0.0 | 3.17 | 226.8 | 0.0 | 2.19 | 226.87 | 0.0 | 0.21 | -38.24 | 0.0 | 14.00 | 273.33 | 0.0 | 43.22 | -11.36 | 0.0 | -20.00 | -108.0 | 0.0 | 120.00 | 180.0 | 0.0 | 27.15 | 89.46 | 0.0 |
| 20Q1 (2) | 0.06 | 133.33 | 0.0 | 22.66 | 2.12 | 0.0 | 5.87 | 371.76 | 0.0 | 1.91 | 122.74 | 0.0 | 1.91 | 122.74 | 0.0 | 0.97 | 135.53 | 0.0 | 0.67 | 135.64 | 0.0 | 0.34 | 47.83 | 0.0 | 3.75 | 195.66 | 0.0 | 48.76 | -2.36 | 0.0 | 250.00 | 900.0 | 0.0 | -150.00 | -300.0 | 0.0 | 14.33 | -30.57 | 0.0 |
| 19Q4 (1) | -0.18 | 0.0 | 0.0 | 22.19 | 0.0 | 0.0 | -2.16 | 0.0 | 0.0 | -8.40 | 0.0 | 0.0 | -8.40 | 0.0 | 0.0 | -2.73 | 0.0 | 0.0 | -1.88 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | -3.92 | 0.0 | 0.0 | 49.94 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 20.64 | 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) | 0.07 | 0 | 9.56 | 52.47 | -13.45 | 0 | 2.80 | 95.21 | 0.47 | 0 | 0.47 | 0 | 0.86 | 0 | 1.02 | 0 | 1.12 | -30.86 | 4.04 | 0 | 40.39 | -57.48 | -2866.67 | 0 | 2966.67 | 148233.33 | 0.72 | 115.55 | 19.75 | 84.24 |
| 2022 (9) | -1.43 | 0 | 6.27 | 2750.0 | -4.68 | 0 | 1.43 | -69.44 | -4.79 | 0 | -4.79 | 0 | -18.06 | 0 | -6.62 | 0 | 1.62 | 170.0 | -2.39 | 0 | 94.98 | -46.69 | 98.00 | -8.46 | 2.00 | 0 | 0.34 | 16.11 | 10.72 | -66.28 |
| 2021 (8) | -3.15 | 0 | 0.22 | -99.1 | -32.80 | 0 | 4.69 | 110.41 | -30.73 | 0 | -30.75 | 0 | -40.74 | 0 | -18.19 | 0 | 0.60 | -47.37 | -25.63 | 0 | 178.16 | 339.9 | 107.06 | 247.94 | -7.06 | 0 | 0.29 | 0 | 31.79 | 58.08 |
| 2020 (7) | 0.54 | 2600.0 | 24.56 | -1.21 | 1.42 | 149.12 | 2.23 | -33.09 | 4.76 | 2166.67 | 4.76 | 2166.67 | 7.89 | 2620.69 | 5.52 | 1680.65 | 1.14 | 18.75 | 7.06 | 85.3 | 40.50 | -18.9 | 30.77 | 0 | 69.23 | 0 | 0.00 | 0 | 20.11 | -0.15 |
| 2019 (6) | 0.02 | 0 | 24.86 | 97.62 | 0.57 | 0 | 3.33 | 128.33 | 0.21 | 0 | 0.21 | 0 | 0.29 | 0 | 0.31 | 0 | 0.96 | 50.0 | 3.81 | 0 | 49.94 | 54.33 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 20.14 | -32.3 |
| 2018 (5) | -1.24 | 0 | 12.58 | -6.19 | -24.72 | 0 | 1.46 | -8.03 | -21.60 | 0 | -21.60 | 0 | -17.31 | 0 | -13.79 | 0 | 0.64 | 20.75 | -19.71 | 0 | 32.36 | 62.86 | 117.24 | 42.89 | -13.79 | 0 | 0.00 | 0 | 29.75 | -0.23 |
| 2017 (4) | -1.64 | 0 | 13.41 | -40.61 | -25.40 | 0 | 1.59 | -48.25 | -30.89 | 0 | -30.89 | 0 | -18.94 | 0 | -16.43 | 0 | 0.53 | -11.67 | -28.57 | 0 | 19.87 | 71.74 | 82.05 | -40.33 | 17.95 | 0 | 0.00 | 0 | 29.82 | 0.51 |
| 2016 (3) | -0.69 | 0 | 22.58 | -5.48 | -13.55 | 0 | 3.07 | -47.85 | -9.87 | 0 | -10.01 | 0 | -6.85 | 0 | -6.01 | 0 | 0.60 | 39.53 | -6.75 | 0 | 11.57 | -29.37 | 137.50 | -4.81 | -37.50 | 0 | 0.00 | 0 | 29.67 | -17.58 |
| 2015 (2) | -0.91 | 0 | 23.89 | 42.46 | -19.25 | 0 | 5.88 | 215.88 | -13.34 | 0 | -15.89 | 0 | -7.70 | 0 | -6.85 | 0 | 0.43 | -68.61 | -7.35 | 0 | 16.38 | 77.85 | 144.44 | 91.04 | -44.44 | 0 | 0.00 | 0 | 36.00 | 248.84 |
| 2014 (1) | 1.63 | 75.27 | 16.77 | 0 | 5.76 | 0 | 1.86 | 17.69 | 7.67 | 0 | 7.21 | 0 | 12.54 | 0 | 9.90 | 0 | 1.37 | 20.18 | 9.50 | 66.67 | 9.21 | -79.18 | 75.61 | 31.06 | 24.39 | -47.15 | 0.00 | 0 | 10.32 | -5.23 |
