- 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) | -0.04 | 97.4 | -101.95 | 99.94 | -0.12 | 0.1 | 5.59 | 110.62 | 120.59 | 0.88 | 103.05 | -98.07 | -0.42 | 98.5 | -101.0 | -0.04 | 97.58 | -101.87 | -0.02 | 98.66 | -101.02 | 0.08 | 60.0 | 60.0 | 26.57 | 99.62 | -63.19 | 9.42 | -7.74 | 1.29 | 600.00 | 226.53 | 1111.94 | -500.00 | -506.06 | -413.89 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.54 | -54.0 | -85.54 | 100.06 | 0.21 | 0.64 | -52.65 | 42.23 | 33.16 | -28.85 | -35.89 | -35.7 | -27.96 | -17.28 | -19.23 | -1.65 | -55.66 | -89.66 | -1.49 | -56.84 | -88.61 | 0.05 | 25.0 | 66.67 | 13.31 | -56.39 | -4.72 | 10.21 | 7.93 | 8.96 | 183.75 | -57.38 | -50.48 | -82.50 | 75.08 | 69.56 | 63.43 | -26.5 | -42.1 |
| 24Q1 (18) | -1.00 | 53.7 | 7.41 | 99.85 | -0.34 | -0.08 | -91.13 | -3879.48 | -303.41 | -21.23 | 27.17 | 14.12 | -23.84 | 11.41 | 1.57 | -1.06 | 52.68 | 4.5 | -0.95 | 53.2 | 5.94 | 0.04 | -50.0 | 0.0 | 30.52 | 444.08 | 881.35 | 9.46 | -13.29 | 4.65 | 431.11 | 5552.35 | 373.38 | -331.11 | -458.45 | -3808.44 | 86.30 | 96.0 | 37.16 |
| 23Q4 (17) | -2.16 | -205.37 | 17.56 | 100.19 | 0.35 | 0.23 | -2.29 | 91.57 | 77.03 | -29.15 | -163.88 | 27.38 | -26.91 | -164.03 | 37.3 | -2.24 | -204.67 | 14.83 | -2.03 | -203.57 | 16.46 | 0.08 | 60.0 | 33.33 | -8.87 | -112.29 | 61.27 | 10.91 | 17.31 | 25.11 | 7.63 | 112.86 | -69.49 | 92.37 | -42.01 | 23.16 | 44.03 | -13.7 | -30.97 |
| 23Q3 (16) | 2.05 | 346.99 | -64.47 | 99.84 | 0.42 | -0.09 | -27.15 | 65.53 | -321.45 | 45.63 | 314.63 | -59.45 | 42.03 | 279.23 | -61.04 | 2.14 | 345.98 | -63.61 | 1.96 | 348.1 | -64.17 | 0.05 | 66.67 | 0.0 | 72.18 | 416.68 | -44.43 | 9.30 | -0.75 | 40.27 | -59.29 | -115.98 | -648.0 | 159.29 | 158.77 | 78.62 | 51.02 | -53.43 | 3.26 |
| 23Q2 (15) | -0.83 | 23.15 | -158.45 | 99.42 | -0.51 | -0.51 | -78.77 | -248.69 | -46.77 | -21.26 | 14.0 | -140.99 | -23.45 | 3.18 | -145.71 | -0.87 | 21.62 | -158.0 | -0.79 | 21.78 | -156.83 | 0.03 | -25.0 | 0.0 | 13.97 | 349.2 | -83.43 | 9.37 | 3.65 | 11.15 | 371.05 | 307.43 | 461.16 | -271.05 | -3135.79 | -233.69 | 109.55 | 74.11 | 23.6 |
| 23Q1 (14) | -1.08 | 58.78 | -143.9 | 99.93 | -0.03 | 0.09 | -22.59 | -126.58 | -1398.28 | -24.72 | 38.42 | -140.07 | -24.22 | 43.57 | -141.08 | -1.11 | 57.79 | -142.53 | -1.01 | 58.44 | -141.22 | 0.04 | -33.33 | 0.0 | 3.11 | 113.58 | -96.37 | 9.04 | 3.67 | 4.27 | 91.07 | 264.29 | 2859.82 | 8.93 | -88.1 | -90.86 | 62.92 | -1.35 | 17.37 |
| 22Q4 (13) | -2.62 | -145.41 | -491.04 | 99.96 | 0.03 | 0.19 | -9.97 | -181.32 | -150.69 | -40.14 | -135.67 | -443.96 | -42.92 | -139.79 | -484.93 | -2.63 | -144.73 | -517.46 | -2.43 | -144.42 | -498.36 | 0.06 | 20.0 | 20.0 | -22.90 | -117.63 | -178.97 | 8.72 | 31.52 | 61.18 | 25.00 | 131.06 | -85.38 | 75.00 | -15.9 | 205.68 | 63.78 | 29.08 | 56.4 |
| 22Q3 (12) | 5.77 | 306.34 | 482.83 | 99.93 | 0.0 | 0.04 | 12.26 | 122.84 | 0.66 | 112.54 | 116.97 | 319.77 | 107.87 | 110.27 | 372.49 | 5.88 | 292.0 | 302.74 | 5.47 | 293.53 | 299.27 | 0.05 | 66.67 | -16.67 | 129.89 | 54.1 | 154.49 | 6.63 | -21.35 | 41.67 | 10.82 | 110.53 | -75.54 | 89.18 | -56.01 | 65.62 | 49.41 | -44.25 | 7.62 |
| 22Q2 (11) | 1.42 | -42.28 | 0.71 | 99.93 | 0.09 | 0.03 | -53.67 | -3184.48 | -261.12 | 51.87 | -15.92 | 65.72 | 51.30 | -12.99 | 76.96 | 1.50 | -42.53 | -69.51 | 1.39 | -43.27 | -66.83 | 0.03 | -25.0 | -78.57 | 84.29 | -1.74 | 85.62 | 8.43 | -2.77 | -52.88 | -102.74 | -3439.04 | -196.78 | 202.74 | 107.53 | 3394.52 | 88.63 | 65.32 | 132.2 |
| 22Q1 (10) | 2.46 | 267.16 | 278.46 | 99.84 | 0.07 | 0.12 | 1.74 | -91.15 | -80.16 | 61.69 | 428.62 | 218.15 | 58.96 | 428.79 | 222.01 | 2.61 | 314.29 | 12.5 | 2.45 | 301.64 | 23.12 | 0.04 | -20.0 | -63.64 | 85.78 | 195.79 | 131.28 | 8.67 | 60.26 | -52.93 | 3.08 | -98.2 | -93.14 | 97.69 | 237.66 | 77.07 | 53.61 | 31.46 | -1.65 |
| 21Q4 (9) | 0.67 | -32.32 | -76.16 | 99.77 | -0.12 | -0.11 | 19.67 | 61.49 | -58.01 | 11.67 | -56.47 | -74.11 | 11.15 | -51.16 | -75.05 | 0.63 | -56.85 | -94.04 | 0.61 | -55.47 | -93.25 | 0.05 | -16.67 | -75.0 | 29.00 | -43.18 | -47.64 | 5.41 | 15.6 | -68.84 | 170.97 | 286.54 | 64.18 | -70.97 | -231.8 | -1617.42 | 40.78 | -11.17 | 53.42 |
| 21Q3 (8) | 0.99 | -29.79 | 243.48 | 99.89 | -0.01 | 0.45 | 12.18 | -63.43 | 145.62 | 26.81 | -14.35 | 197.88 | 22.83 | -21.25 | 181.33 | 1.46 | -70.33 | 154.07 | 1.37 | -67.3 | 160.62 | 0.06 | -57.14 | -25.0 | 51.04 | 12.4 | 5272.63 | 4.68 | -73.84 | -72.98 | 44.23 | -58.33 | -54.19 | 53.85 | 975.0 | 1461.54 | 45.91 | 20.28 | -29.43 |
| 21Q2 (7) | 1.41 | 116.92 | 443.9 | 99.90 | 0.18 | 0.04 | 33.31 | 279.82 | 262.89 | 31.30 | 61.42 | 291.2 | 28.99 | 58.33 | 266.8 | 4.92 | 112.07 | 409.43 | 4.19 | 110.55 | 419.85 | 0.14 | 27.27 | 75.0 | 45.41 | 22.43 | 479.21 | 17.89 | -2.88 | -0.06 | 106.15 | 136.8 | -14.07 | -6.15 | -111.15 | 73.85 | 38.17 | -29.98 | 0 |
| 21Q1 (6) | 0.65 | -76.87 | 173.03 | 99.72 | -0.16 | -0.16 | 8.77 | -81.28 | 123.56 | 19.39 | -56.98 | 155.48 | 18.31 | -59.03 | 151.32 | 2.32 | -78.05 | 170.52 | 1.99 | -77.99 | 172.63 | 0.11 | -45.0 | 37.5 | 37.09 | -33.04 | 362.12 | 18.42 | 6.11 | -1.86 | 44.83 | -56.95 | -57.47 | 55.17 | 1435.17 | 1120.69 | 54.51 | 105.08 | -18.42 |
| 20Q4 (5) | 2.81 | 507.25 | 1070.83 | 99.88 | 0.44 | -0.04 | 46.85 | 275.47 | 298.72 | 45.07 | 264.55 | 460.57 | 44.69 | 259.21 | 475.9 | 10.57 | 491.48 | 1101.14 | 9.04 | 500.0 | 1058.97 | 0.20 | 150.0 | 100.0 | 55.39 | 5730.53 | 130.22 | 17.36 | 0.23 | -5.45 | 104.13 | 7.85 | -28.41 | -4.13 | -219.83 | 90.91 | 26.58 | -59.15 | -42.41 |
| 20Q3 (4) | -0.69 | -68.29 | 0.0 | 99.44 | -0.42 | 0.0 | -26.70 | -30.56 | 0.0 | -27.39 | -67.32 | 0.0 | -28.07 | -61.51 | 0.0 | -2.70 | -69.81 | 0.0 | -2.26 | -72.52 | 0.0 | 0.08 | 0.0 | 0.0 | 0.95 | -87.88 | 0.0 | 17.32 | -3.24 | 0.0 | 96.55 | -21.84 | 0.0 | 3.45 | 114.66 | 0.0 | 65.06 | 0 | 0.0 |
| 20Q2 (3) | -0.41 | 53.93 | 0.0 | 99.86 | -0.02 | 0.0 | -20.45 | 45.07 | 0.0 | -16.37 | 53.16 | 0.0 | -17.38 | 51.29 | 0.0 | -1.59 | 51.67 | 0.0 | -1.31 | 52.19 | 0.0 | 0.08 | 0.0 | 0.0 | 7.84 | 155.41 | 0.0 | 17.90 | -4.64 | 0.0 | 123.53 | 17.19 | 0.0 | -23.53 | -335.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.89 | -470.83 | 0.0 | 99.88 | -0.04 | 0.0 | -37.23 | -416.85 | 0.0 | -34.95 | -534.7 | 0.0 | -35.68 | -559.79 | 0.0 | -3.29 | -473.86 | 0.0 | -2.74 | -451.28 | 0.0 | 0.08 | -20.0 | 0.0 | -14.15 | -158.81 | 0.0 | 18.77 | 2.23 | 0.0 | 105.41 | -27.53 | 0.0 | -5.41 | 88.11 | 0.0 | 66.82 | 44.79 | 0.0 |
| 19Q4 (1) | 0.24 | 0.0 | 0.0 | 99.92 | 0.0 | 0.0 | 11.75 | 0.0 | 0.0 | 8.04 | 0.0 | 0.0 | 7.76 | 0.0 | 0.0 | 0.88 | 0.0 | 0.0 | 0.78 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 24.06 | 0.0 | 0.0 | 18.36 | 0.0 | 0.0 | 145.45 | 0.0 | 0.0 | -45.45 | 0.0 | 0.0 | 46.15 | 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) | -2.01 | 0 | 99.92 | 0.0 | -25.38 | 0 | 4.82 | 40.39 | -9.37 | 0 | -9.62 | 0 | -2.08 | 0 | -1.86 | 0 | 0.20 | 11.11 | 16.64 | -73.31 | 10.91 | 25.11 | 270.71 | 0 | -170.71 | 0 | 21.29 | 88.07 | 60.78 | -0.41 |
| 2022 (9) | 7.03 | 95.82 | 99.92 | 0.1 | -7.42 | 0 | 3.43 | 12.62 | 41.18 | 90.56 | 38.20 | 93.71 | 7.29 | 34.5 | 6.84 | 34.91 | 0.18 | -28.0 | 62.34 | 56.32 | 8.72 | 61.18 | -17.97 | 0 | 117.97 | 1060.03 | 11.32 | 49.81 | 61.03 | 39.18 |
| 2021 (8) | 3.59 | 337.8 | 99.82 | 0.02 | 19.35 | 198.61 | 3.05 | -26.19 | 21.61 | 224.47 | 19.72 | 225.95 | 5.42 | 82.49 | 5.07 | 92.78 | 0.25 | -40.48 | 39.88 | 62.05 | 5.41 | -68.84 | 89.83 | -7.81 | 10.17 | 296.61 | 7.56 | -63.44 | 43.85 | -6.1 |
| 2020 (7) | 0.82 | 115.79 | 99.80 | -0.03 | 6.48 | 72.8 | 4.13 | -11.1 | 6.66 | 84.49 | 6.05 | 86.73 | 2.97 | 118.38 | 2.63 | 93.38 | 0.42 | 10.53 | 24.61 | 36.87 | 17.36 | -5.45 | 97.44 | -7.69 | 2.56 | 0 | 20.67 | 40.15 | 46.70 | -12.32 |
| 2019 (6) | 0.38 | -60.82 | 99.83 | -0.03 | 3.75 | -67.64 | 4.65 | 608.59 | 3.61 | -74.4 | 3.24 | -76.25 | 1.36 | -61.69 | 1.36 | -60.35 | 0.38 | 52.0 | 17.98 | -8.59 | 18.36 | 353.33 | 105.56 | 29.68 | -5.56 | 0 | 14.75 | 45.95 | 53.26 | 0.4 |
| 2018 (5) | 0.97 | 79.63 | 99.86 | 0.18 | 11.59 | 24.76 | 0.66 | 89.51 | 14.10 | 71.95 | 13.64 | 83.33 | 3.55 | 61.36 | 3.43 | 61.03 | 0.25 | -13.79 | 19.67 | 110.6 | 4.05 | 55.17 | 81.40 | -27.65 | 18.60 | 0 | 10.11 | 0 | 53.05 | -11.41 |
| 2017 (4) | 0.54 | 0 | 99.68 | 0.18 | 9.29 | 0 | 0.35 | 0 | 8.20 | 0 | 7.44 | 0 | 2.20 | 0 | 2.13 | 0 | 0.29 | 16.0 | 9.34 | 0 | 2.61 | -36.03 | 112.50 | -14.14 | -12.50 | 0 | 0.00 | 0 | 59.88 | -29.87 |
| 2016 (3) | -0.86 | 0 | 99.50 | -0.19 | -17.98 | 0 | 0.00 | 0 | -13.74 | 0 | -15.27 | 0 | -3.90 | 0 | -3.76 | 0 | 0.25 | -3.85 | -12.92 | 0 | 4.08 | 22.16 | 131.03 | 686.21 | -31.03 | 0 | 0.00 | 0 | 85.38 | 14.84 |
| 2015 (2) | 0.11 | 1000.0 | 99.69 | 0.45 | 0.67 | 0 | 0.00 | 0 | 2.72 | 78.95 | 1.77 | 669.57 | 0.47 | 370.0 | 0.46 | 411.11 | 0.26 | -29.73 | 5.94 | -19.4 | 3.34 | -9.73 | 16.67 | 0 | 66.67 | -50.0 | 0.00 | 0 | 74.35 | 3.54 |
| 2014 (1) | 0.01 | 0 | 99.24 | 0 | -0.67 | 0 | 0.00 | 0 | 1.52 | 0 | 0.23 | 0 | 0.10 | 0 | 0.09 | 0 | 0.37 | -37.29 | 7.37 | 0 | 3.70 | -92.26 | -33.33 | 0 | 133.33 | 0 | 0.00 | 0 | 71.81 | -46.92 |
