- 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) | -0.15 | -151.72 | -118.75 | 36.65 | 8.46 | 2.29 | -0.32 | 33.33 | -107.26 | -6.06 | -190.04 | -139.25 | -3.96 | -157.23 | -125.73 | -0.84 | -154.19 | -119.22 | -0.42 | -138.53 | -114.0 | 0.14 | -6.67 | -26.32 | 3.43 | -76.25 | -82.07 | 49.02 | -23.17 | 6.36 | 9.09 | 218.18 | -67.27 | 90.91 | -15.58 | 30.91 | 19.55 | -8.09 | -1.56 |
| 24Q2 (19) | 0.29 | -47.27 | -56.06 | 33.79 | -1.31 | -9.02 | -0.48 | 81.4 | -108.36 | 6.73 | -55.22 | -42.43 | 6.92 | -49.49 | -40.8 | 1.55 | -47.46 | -57.42 | 1.09 | -50.68 | -56.57 | 0.15 | -6.25 | -28.57 | 14.44 | -36.97 | -5.0 | 63.80 | 81.2 | 21.09 | -7.69 | 58.46 | -115.93 | 107.69 | -9.13 | 108.21 | 21.27 | -5.63 | 22.24 |
| 24Q1 (18) | 0.55 | 266.67 | 48.65 | 34.24 | 13.98 | -12.09 | -2.58 | -146.65 | -130.03 | 15.03 | 278.08 | 82.18 | 13.70 | 283.4 | 66.06 | 2.95 | 267.61 | 43.2 | 2.21 | 288.89 | 50.34 | 0.16 | 0.0 | -5.88 | 22.91 | 2124.27 | 91.88 | 35.21 | -11.82 | -24.64 | -18.52 | 73.06 | -118.52 | 118.52 | -29.77 | 2114.81 | 22.54 | 49.77 | 16.67 |
| 23Q4 (17) | -0.33 | -141.25 | -560.0 | 30.04 | -16.16 | -23.52 | 5.53 | 25.4 | 18.16 | -8.44 | -154.66 | -64.2 | -7.47 | -148.54 | -474.62 | -1.76 | -140.27 | -528.57 | -1.17 | -139.0 | -680.0 | 0.16 | -15.79 | 6.67 | 1.03 | -94.62 | 277.59 | 39.93 | -13.37 | -14.73 | -68.75 | -347.5 | 22.66 | 168.75 | 143.0 | -10.66 | 15.05 | -24.22 | -19.86 |
| 23Q3 (16) | 0.80 | 21.21 | 26.98 | 35.83 | -3.53 | -0.14 | 4.41 | -23.17 | 177.78 | 15.44 | 32.08 | -12.07 | 15.39 | 31.65 | -12.36 | 4.37 | 20.05 | 21.73 | 3.00 | 19.52 | 24.48 | 0.19 | -9.52 | 46.15 | 19.13 | 25.86 | -8.43 | 46.09 | -12.53 | 3.5 | 27.78 | -42.46 | 186.42 | 69.44 | 34.26 | -47.45 | 19.86 | 14.14 | -22.84 |
| 23Q2 (15) | 0.66 | 78.38 | 32.0 | 37.14 | -4.65 | 7.43 | 5.74 | -33.18 | 875.68 | 11.69 | 41.7 | -8.74 | 11.69 | 41.7 | -8.74 | 3.64 | 76.7 | 25.52 | 2.51 | 70.75 | 28.06 | 0.21 | 23.53 | 40.0 | 15.20 | 27.3 | -2.06 | 52.69 | 12.78 | -11.45 | 48.28 | -51.72 | 1162.07 | 51.72 | 979.31 | -52.59 | 17.40 | -9.94 | -23.21 |
| 23Q1 (14) | 0.37 | 840.0 | -43.08 | 38.95 | -0.84 | 28.93 | 8.59 | 83.55 | 178.9 | 8.25 | 260.51 | -40.09 | 8.25 | 734.62 | -40.09 | 2.06 | 835.71 | -45.36 | 1.47 | 1080.0 | -44.94 | 0.17 | 13.33 | -10.53 | 11.94 | 2158.62 | -25.88 | 46.72 | -0.23 | 11.74 | 100.00 | 212.5 | 383.33 | -5.88 | -103.11 | -107.42 | 19.32 | 2.88 | 11.1 |
| 22Q4 (13) | -0.05 | -107.94 | -112.5 | 39.28 | 9.48 | 19.68 | 4.68 | 182.54 | -28.66 | -5.14 | -129.27 | -184.26 | -1.30 | -107.4 | -116.62 | -0.28 | -107.8 | -111.57 | -0.15 | -106.22 | -109.55 | 0.15 | 15.38 | -21.05 | -0.58 | -102.78 | -106.55 | 46.83 | 5.17 | 6.19 | -88.89 | -176.54 | -182.05 | 188.89 | 42.94 | 2366.67 | 18.78 | -27.04 | 12.93 |
| 22Q3 (12) | 0.63 | 26.0 | -10.0 | 35.88 | 3.79 | -0.39 | -5.67 | -666.22 | -147.73 | 17.56 | 37.08 | 61.69 | 17.56 | 37.08 | 61.69 | 3.59 | 23.79 | -33.27 | 2.41 | 22.96 | -17.75 | 0.13 | -13.33 | -50.0 | 20.89 | 34.6 | 62.95 | 44.53 | -25.16 | -47.16 | -32.14 | -607.14 | -128.7 | 132.14 | 21.13 | 1751.79 | 25.74 | 13.59 | 57.05 |
| 22Q2 (11) | 0.50 | -23.08 | 455.56 | 34.57 | 14.43 | 13.42 | -0.74 | -124.03 | -107.63 | 12.81 | -6.97 | 317.26 | 12.81 | -6.97 | 317.26 | 2.90 | -23.08 | 101.39 | 1.96 | -26.59 | 136.14 | 0.15 | -21.05 | -40.0 | 15.52 | -3.66 | 232.33 | 59.50 | 42.31 | -35.33 | -4.55 | -121.97 | -101.52 | 109.09 | 37.55 | 154.55 | 22.66 | 30.3 | 86.66 |
| 22Q1 (10) | 0.65 | 62.5 | 261.11 | 30.21 | -7.95 | 13.36 | 3.08 | -53.05 | 33.33 | 13.77 | 125.74 | 93.13 | 13.77 | 76.09 | 93.13 | 3.77 | 55.79 | 26.94 | 2.67 | 70.06 | 65.84 | 0.19 | 0.0 | -13.64 | 16.11 | 82.03 | 76.26 | 41.81 | -5.19 | -53.05 | 20.69 | -80.9 | -32.76 | 79.31 | 1051.72 | 14.56 | 17.39 | 4.57 | 24.21 |
| 21Q4 (9) | 0.40 | -42.86 | 202.56 | 32.82 | -8.88 | 46.65 | 6.56 | -44.78 | 251.15 | 6.10 | -43.83 | 133.24 | 7.82 | -27.99 | 142.62 | 2.42 | -55.02 | 137.17 | 1.57 | -46.42 | 147.43 | 0.19 | -26.92 | 5.56 | 8.85 | -30.97 | 154.8 | 44.10 | -47.67 | -55.11 | 108.33 | -3.27 | 364.29 | -8.33 | -4.17 | -110.87 | 16.63 | 1.46 | 1.71 |
| 21Q3 (8) | 0.70 | 677.78 | 1100.0 | 36.02 | 18.18 | 64.25 | 11.88 | 22.47 | 980.0 | 10.86 | 253.75 | 487.86 | 10.86 | 253.75 | 487.86 | 5.38 | 273.61 | 559.83 | 2.93 | 253.01 | 614.04 | 0.26 | 4.0 | 13.04 | 12.82 | 174.52 | 1356.86 | 84.28 | -8.4 | -1.92 | 112.00 | -62.67 | 436.0 | -8.00 | 96.0 | -106.0 | 16.39 | 35.01 | 28.55 |
| 21Q2 (7) | 0.09 | -50.0 | 140.91 | 30.48 | 14.37 | 25.9 | 9.70 | 319.91 | 359.36 | 3.07 | -56.94 | 128.77 | 3.07 | -56.94 | 128.77 | 1.44 | -51.52 | 142.23 | 0.83 | -48.45 | 145.36 | 0.25 | 13.64 | 38.89 | 4.67 | -48.91 | 155.66 | 92.01 | 3.31 | 13.15 | 300.00 | 875.0 | 750.0 | -200.00 | -388.89 | -409.09 | 12.14 | -13.29 | -24.88 |
| 21Q1 (6) | 0.18 | 146.15 | 238.46 | 26.65 | 19.08 | 12.78 | 2.31 | 153.23 | 119.03 | 7.13 | 138.86 | 190.37 | 7.13 | 138.86 | 190.37 | 2.97 | 145.62 | 251.53 | 1.61 | 148.64 | 257.84 | 0.22 | 22.22 | 57.14 | 9.14 | 156.59 | 287.3 | 89.06 | -9.34 | 12.39 | 30.77 | 31.87 | -79.49 | 69.23 | -9.7 | 238.46 | 14.00 | -14.37 | -27.31 |
| 20Q4 (5) | -0.39 | -457.14 | 2.5 | 22.38 | 2.05 | 13.49 | -4.34 | -494.55 | 62.65 | -18.35 | -555.36 | 11.78 | -18.35 | -555.36 | 11.78 | -6.51 | -456.41 | -12.24 | -3.31 | -480.7 | -2.8 | 0.18 | -21.74 | 12.5 | -16.15 | -1483.33 | 10.58 | 98.24 | 14.33 | 34.96 | 23.33 | 170.0 | -58.82 | 76.67 | -42.5 | 76.92 | 16.35 | 28.24 | -5.33 |
| 20Q3 (4) | -0.07 | 68.18 | 0.0 | 21.93 | -9.42 | 0.0 | 1.10 | 129.41 | 0.0 | -2.80 | 73.76 | 0.0 | -2.80 | 73.76 | 0.0 | -1.17 | 65.69 | 0.0 | -0.57 | 68.85 | 0.0 | 0.23 | 27.78 | 0.0 | -1.02 | 87.84 | 0.0 | 85.93 | 5.67 | 0.0 | -33.33 | -194.44 | 0.0 | 133.33 | 106.06 | 0.0 | 12.75 | -21.1 | 0.0 |
| 20Q2 (3) | -0.22 | -69.23 | 0.0 | 24.21 | 2.45 | 0.0 | -3.74 | 69.19 | 0.0 | -10.67 | -35.23 | 0.0 | -10.67 | -35.23 | 0.0 | -3.41 | -73.98 | 0.0 | -1.83 | -79.41 | 0.0 | 0.18 | 28.57 | 0.0 | -8.39 | -71.93 | 0.0 | 81.32 | 2.62 | 0.0 | 35.29 | -76.47 | 0.0 | 64.71 | 229.41 | 0.0 | 16.16 | -16.1 | 0.0 |
| 20Q1 (2) | -0.13 | 67.5 | 0.0 | 23.63 | 19.83 | 0.0 | -12.14 | -4.48 | 0.0 | -7.89 | 62.07 | 0.0 | -7.89 | 62.07 | 0.0 | -1.96 | 66.21 | 0.0 | -1.02 | 68.32 | 0.0 | 0.14 | -12.5 | 0.0 | -4.88 | 72.98 | 0.0 | 79.24 | 8.86 | 0.0 | 150.00 | 164.71 | 0.0 | -50.00 | -215.38 | 0.0 | 19.26 | 11.52 | 0.0 |
| 19Q4 (1) | -0.40 | 0.0 | 0.0 | 19.72 | 0.0 | 0.0 | -11.62 | 0.0 | 0.0 | -20.80 | 0.0 | 0.0 | -20.80 | 0.0 | 0.0 | -5.80 | 0.0 | 0.0 | -3.22 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -18.06 | 0.0 | 0.0 | 72.79 | 0.0 | 0.0 | 56.67 | 0.0 | 0.0 | 43.33 | 0.0 | 0.0 | 17.27 | 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) | 1.50 | -13.79 | 35.63 | 2.68 | 6.00 | 916.95 | 2.17 | -3.1 | 7.41 | -24.85 | 7.62 | -29.25 | 8.27 | -16.88 | 6.05 | -13.45 | 0.76 | 20.63 | 12.34 | -5.3 | 39.93 | -14.73 | 81.54 | 1326.92 | 18.46 | -80.42 | 2.09 | 15.98 | 17.96 | -13.9 |
| 2022 (9) | 1.74 | 8.75 | 34.70 | 9.36 | 0.59 | -92.55 | 2.24 | 42.56 | 9.86 | 42.9 | 10.77 | 47.74 | 9.95 | -1.58 | 6.99 | 9.22 | 0.63 | -25.0 | 13.03 | 45.59 | 46.83 | 6.19 | 5.71 | -94.99 | 94.29 | 0 | 1.80 | 878.74 | 20.86 | 40.95 |
| 2021 (8) | 1.60 | 0 | 31.73 | 38.44 | 7.92 | 0 | 1.57 | 0.13 | 6.90 | 0 | 7.29 | 0 | 10.11 | 0 | 6.40 | 0 | 0.84 | 15.07 | 8.95 | 0 | 44.10 | -55.11 | 114.04 | 167.54 | -14.04 | 0 | 0.18 | 0 | 14.80 | -6.03 |
| 2020 (7) | -0.82 | 0 | 22.92 | 5.77 | -4.02 | 0 | 1.57 | -37.21 | -9.64 | 0 | -9.64 | 0 | -13.03 | 0 | -6.75 | 0 | 0.73 | 17.74 | -7.54 | 0 | 98.24 | 34.96 | 42.62 | -55.31 | 59.02 | 859.02 | 0.00 | 0 | 15.75 | -11.62 |
| 2019 (6) | -0.87 | 0 | 21.67 | -6.64 | -11.01 | 0 | 2.50 | 43.33 | -11.65 | 0 | -11.65 | 0 | -12.22 | 0 | -6.89 | 0 | 0.62 | 10.71 | -8.57 | 0 | 72.79 | 6.48 | 95.38 | -31.05 | 6.15 | 0 | 0.00 | 0 | 17.82 | -14.24 |
| 2018 (5) | -0.80 | 0 | 23.21 | -6.9 | -16.01 | 0 | 1.74 | -3.68 | -11.65 | 0 | -11.65 | 0 | -10.09 | 0 | -6.34 | 0 | 0.56 | 0.0 | -9.30 | 0 | 68.36 | 68.25 | 138.33 | 60.18 | -38.33 | 0 | 0.00 | 0 | 20.78 | -15.39 |
| 2017 (4) | -1.47 | 0 | 24.93 | -6.31 | -19.07 | 0 | 1.81 | 3.82 | -22.15 | 0 | -22.15 | 0 | -16.11 | 0 | -12.40 | 0 | 0.56 | -1.75 | -19.92 | 0 | 40.63 | 104.07 | 86.36 | -10.11 | 13.64 | 247.73 | 0.00 | 0 | 24.56 | -3.76 |
| 2016 (3) | -1.34 | 0 | 26.61 | 0.3 | -18.97 | 0 | 1.74 | -8.33 | -19.80 | 0 | -19.50 | 0 | -12.75 | 0 | -11.21 | 0 | 0.57 | 21.28 | -17.25 | 0 | 19.91 | 139.59 | 96.08 | -15.03 | 3.92 | 0 | 0.00 | 0 | 25.52 | -22.53 |
| 2015 (2) | -1.70 | 0 | 26.53 | 3.07 | -30.98 | 0 | 1.90 | 91.91 | -27.47 | 0 | -26.93 | 0 | -14.13 | 0 | -12.73 | 0 | 0.47 | -25.4 | -24.31 | 0 | 8.31 | -37.99 | 113.08 | -18.28 | -13.08 | 0 | 0.00 | 0 | 32.94 | 34.94 |
| 2014 (1) | -1.19 | 0 | 25.74 | 0 | -16.85 | 0 | 0.99 | -15.94 | -12.23 | 0 | -12.53 | 0 | -8.93 | 0 | -7.90 | 0 | 0.63 | 0.0 | -9.92 | 0 | 13.40 | 11.48 | 138.37 | 24.36 | -38.37 | 0 | 0.00 | 0 | 24.41 | 29.5 |
