- 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) | -0.52 | 57.38 | -477.78 | 6.50 | -42.58 | -48.86 | -5.36 | -1172.0 | -770.0 | -9.37 | 40.66 | -1564.06 | -6.94 | 57.91 | -410.29 | -4.20 | 62.57 | -361.54 | -2.27 | 64.53 | -1161.11 | 0.35 | -12.5 | 6.06 | -5.68 | 53.29 | -215.45 | 69.47 | -4.14 | -40.37 | 56.00 | 2732.0 | -44.0 | 44.00 | -56.92 | 0 | 16.96 | -10.36 | 19.44 |
| 24Q2 (19) | -1.22 | -569.23 | -421.05 | 11.32 | -17.13 | -21.22 | 0.50 | -82.08 | -87.53 | -15.79 | -530.25 | -454.04 | -16.49 | -693.17 | -472.23 | -11.22 | -678.35 | -496.47 | -6.40 | -592.31 | -459.55 | 0.40 | 0.0 | 17.65 | -12.16 | -271.27 | -237.09 | 72.47 | 6.25 | -21.01 | -2.13 | -102.6 | -102.34 | 102.13 | 274.47 | 1023.4 | 18.92 | 20.59 | -5.92 |
| 24Q1 (18) | 0.26 | 170.27 | 134.67 | 13.66 | 66.59 | 283.71 | 2.79 | 150.54 | 126.67 | 3.67 | 144.76 | 134.27 | 2.78 | 171.1 | 125.96 | 1.94 | 171.85 | 135.6 | 1.30 | 217.12 | 148.15 | 0.40 | 14.29 | 42.86 | 7.10 | 271.08 | 248.54 | 68.21 | -19.07 | -17.49 | 81.82 | 22.73 | -18.18 | 27.27 | -18.18 | 500.0 | 15.69 | -10.65 | -14.77 |
| 23Q4 (17) | -0.37 | -311.11 | -32.14 | 8.20 | -35.48 | -45.66 | -5.52 | -790.0 | -641.18 | -8.20 | -1381.25 | -99.03 | -3.91 | -187.5 | -13.66 | -2.70 | -196.7 | -45.95 | -1.11 | -516.67 | -56.34 | 0.35 | 6.06 | 25.0 | -4.15 | -184.35 | -414.39 | 84.28 | -27.66 | 1.48 | 66.67 | -33.33 | 400.0 | 33.33 | 0 | -75.0 | 17.56 | 23.66 | 10.44 |
| 23Q3 (16) | -0.09 | -123.68 | -132.14 | 12.71 | -11.55 | -13.95 | 0.80 | -80.05 | 231.15 | 0.64 | -85.65 | -86.78 | -1.36 | -130.7 | -149.45 | -0.91 | -132.16 | -151.12 | -0.18 | -110.11 | -115.93 | 0.33 | -2.94 | 6.45 | 4.92 | -44.53 | -47.44 | 116.50 | 26.98 | 21.9 | 100.00 | 10.0 | 750.0 | 0.00 | -100.0 | -100.0 | 14.20 | -29.39 | -21.42 |
| 23Q2 (15) | 0.38 | 150.67 | 216.67 | 14.37 | 303.65 | -15.02 | 4.01 | 138.34 | 18.99 | 4.46 | 141.64 | 53.26 | 4.43 | 141.36 | 433.73 | 2.83 | 151.93 | 371.67 | 1.78 | 165.93 | 235.85 | 0.34 | 21.43 | 3.03 | 8.87 | 285.56 | 30.83 | 91.75 | 10.98 | -21.41 | 90.91 | -9.09 | -18.18 | 9.09 | 100.0 | 181.82 | 20.11 | 9.23 | 88.83 |
| 23Q1 (14) | -0.75 | -167.86 | -178.12 | 3.56 | -76.41 | -83.74 | -10.46 | -1125.49 | -227.1 | -10.71 | -159.95 | -208.4 | -10.71 | -211.34 | -256.58 | -5.45 | -194.59 | -184.63 | -2.70 | -280.28 | -188.52 | 0.28 | 0.0 | -31.71 | -4.78 | -462.12 | -137.23 | 82.67 | -0.46 | -32.38 | 100.00 | 550.0 | 20.0 | 4.55 | -96.59 | -72.73 | 18.41 | 15.79 | 62.78 |
| 22Q4 (13) | -0.28 | -200.0 | -7.69 | 15.09 | 2.17 | -21.69 | 1.02 | 267.21 | -86.99 | -4.12 | -185.12 | 21.22 | -3.44 | -225.09 | -7.5 | -1.85 | -203.93 | 35.76 | -0.71 | -162.83 | 15.48 | 0.28 | -9.68 | -20.0 | 1.32 | -85.9 | 177.65 | 83.05 | -13.1 | -40.61 | -22.22 | -44.44 | 85.51 | 133.33 | 15.56 | -47.37 | 15.90 | -12.01 | -0.93 |
| 22Q3 (12) | 0.28 | 133.33 | 180.0 | 14.77 | -12.66 | 2603.39 | -0.61 | -118.1 | 95.31 | 4.84 | 66.32 | 142.12 | 2.75 | 231.33 | 129.26 | 1.78 | 196.67 | 151.9 | 1.13 | 113.21 | 222.83 | 0.31 | -6.06 | 138.46 | 9.36 | 38.05 | 1095.74 | 95.57 | -18.14 | -47.76 | -15.38 | -113.85 | -113.19 | 115.38 | 1138.46 | 792.31 | 18.07 | 69.67 | 12.31 |
| 22Q2 (11) | 0.12 | -87.5 | 121.82 | 16.91 | -22.75 | 42.82 | 3.37 | -59.05 | 1304.17 | 2.91 | -70.55 | 149.24 | 0.83 | -87.87 | 112.87 | 0.60 | -90.68 | 114.02 | 0.53 | -82.62 | 140.46 | 0.33 | -19.51 | 32.0 | 6.78 | -47.2 | 1606.67 | 116.75 | -4.51 | -40.48 | 111.11 | 33.33 | 1544.44 | -11.11 | -166.67 | -110.32 | 10.65 | -5.84 | -23.44 |
| 22Q1 (10) | 0.96 | 469.23 | 1100.0 | 21.89 | 13.6 | 38.54 | 8.23 | 4.97 | 94.1 | 9.88 | 288.91 | 488.1 | 6.84 | 313.75 | 1654.55 | 6.44 | 323.61 | 2177.42 | 3.05 | 463.1 | 1933.33 | 0.41 | 17.14 | 41.38 | 12.84 | 855.29 | 106.1 | 122.26 | -12.57 | -18.2 | 83.33 | 154.35 | -65.28 | 16.67 | -93.42 | 111.9 | 11.31 | -29.53 | -23.01 |
| 21Q4 (9) | -0.26 | 25.71 | -124.3 | 19.27 | 3366.1 | 7.41 | 7.84 | 160.22 | -17.65 | -5.23 | 54.48 | -162.41 | -3.20 | 65.96 | -161.19 | -2.88 | 16.03 | -147.45 | -0.84 | 8.7 | -131.58 | 0.35 | 169.23 | -22.22 | -1.70 | -80.85 | -115.41 | 139.83 | -23.57 | -7.94 | -153.33 | -231.43 | -234.63 | 253.33 | 1620.0 | 1924.0 | 16.05 | -0.25 | 36.6 |
| 21Q3 (8) | -0.35 | 36.36 | -132.11 | -0.59 | -104.98 | -102.73 | -13.02 | -5525.0 | -220.78 | -11.49 | -94.42 | -220.06 | -9.40 | -45.74 | -242.42 | -3.43 | 19.86 | -146.6 | -0.92 | 29.77 | -129.49 | 0.13 | -48.0 | -69.77 | -0.94 | -108.89 | -107.87 | 182.95 | -6.73 | 14.62 | 116.67 | 1616.67 | 2.44 | -16.67 | -115.48 | -20.0 | 16.09 | 15.67 | 0 |
| 21Q2 (7) | -0.55 | -787.5 | -711.11 | 11.84 | -25.06 | -32.69 | 0.24 | -94.34 | -87.76 | -5.91 | -451.79 | -1357.45 | -6.45 | -1365.91 | -4131.25 | -4.28 | -1280.65 | -4855.56 | -1.31 | -973.33 | -536.67 | 0.25 | -13.79 | 13.64 | -0.45 | -107.22 | -105.91 | 196.15 | 31.24 | 27.14 | -7.69 | -103.21 | -101.92 | 107.69 | 176.92 | 135.9 | 13.91 | -5.31 | 0 |
| 21Q1 (6) | 0.08 | -92.52 | -77.14 | 15.80 | -11.93 | -20.16 | 4.24 | -55.46 | -18.77 | 1.68 | -79.95 | -67.19 | -0.44 | -108.41 | -116.6 | -0.31 | -105.11 | -116.58 | 0.15 | -94.36 | -85.98 | 0.29 | -35.56 | -9.38 | 6.23 | -43.52 | -29.37 | 149.46 | -1.6 | 21.03 | 240.00 | 110.73 | 140.0 | -140.00 | -908.0 | 0 | 14.69 | 25.02 | -2.2 |
| 20Q4 (5) | 1.07 | -1.83 | 48.61 | 17.94 | -17.14 | -15.97 | 9.52 | -11.69 | 16.24 | 8.38 | -12.43 | 27.94 | 5.23 | -20.76 | 14.69 | 6.07 | -17.53 | 37.33 | 2.66 | -14.74 | 13.19 | 0.45 | 4.65 | -4.26 | 11.03 | -7.62 | 20.02 | 151.89 | -4.84 | 36.53 | 113.89 | 0.0 | -8.89 | -13.89 | 0.0 | 44.44 | 11.75 | 0 | -13.48 |
| 20Q3 (4) | 1.09 | 1111.11 | 0.0 | 21.65 | 23.08 | 0.0 | 10.78 | 450.0 | 0.0 | 9.57 | 1936.17 | 0.0 | 6.60 | 4025.0 | 0.0 | 7.36 | 8077.78 | 0.0 | 3.12 | 940.0 | 0.0 | 0.43 | 95.45 | 0.0 | 11.94 | 56.9 | 0.0 | 159.62 | 3.46 | 0.0 | 113.89 | -71.53 | 0.0 | -13.89 | 95.37 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | 0.09 | -74.29 | 0.0 | 17.59 | -11.12 | 0.0 | 1.96 | -62.45 | 0.0 | 0.47 | -90.82 | 0.0 | 0.16 | -93.96 | 0.0 | 0.09 | -95.19 | 0.0 | 0.30 | -71.96 | 0.0 | 0.22 | -31.25 | 0.0 | 7.61 | -13.72 | 0.0 | 154.28 | 24.93 | 0.0 | 400.00 | 300.0 | 0.0 | -300.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.35 | -51.39 | 0.0 | 19.79 | -7.31 | 0.0 | 5.22 | -36.26 | 0.0 | 5.12 | -21.83 | 0.0 | 2.65 | -41.89 | 0.0 | 1.87 | -57.69 | 0.0 | 1.07 | -54.47 | 0.0 | 0.32 | -31.91 | 0.0 | 8.82 | -4.03 | 0.0 | 123.49 | 11.0 | 0.0 | 100.00 | -20.0 | 0.0 | -0.00 | 100.0 | 0.0 | 15.02 | 10.6 | 0.0 |
| 19Q4 (1) | 0.72 | 0.0 | 0.0 | 21.35 | 0.0 | 0.0 | 8.19 | 0.0 | 0.0 | 6.55 | 0.0 | 0.0 | 4.56 | 0.0 | 0.0 | 4.42 | 0.0 | 0.0 | 2.35 | 0.0 | 0.0 | 0.47 | 0.0 | 0.0 | 9.19 | 0.0 | 0.0 | 111.25 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 13.58 | 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) | -0.78 | 0 | 9.94 | -43.65 | -2.54 | 0 | 3.56 | 14.26 | -3.29 | 0 | -2.59 | 0 | -6.12 | 0 | -2.28 | 0 | 1.28 | -7.91 | 1.29 | -84.5 | 84.28 | 1.48 | 78.79 | -7.76 | 24.24 | 45.45 | 0.00 | 0 | 17.49 | 28.51 |
| 2022 (9) | 1.09 | 0 | 17.64 | 25.91 | 3.52 | 47.9 | 3.12 | -17.97 | 4.18 | 0 | 2.34 | 0 | 6.80 | 0 | 4.32 | 0 | 1.39 | 43.3 | 8.32 | 642.86 | 83.05 | -40.61 | 85.42 | 0 | 16.67 | -89.47 | 0.00 | 0 | 13.61 | -9.93 |
| 2021 (8) | -1.08 | 0 | 14.01 | -27.78 | 2.38 | -69.76 | 3.80 | 49.75 | -4.03 | 0 | -3.90 | 0 | -9.27 | 0 | -2.73 | 0 | 0.97 | -31.21 | 1.12 | -89.15 | 139.83 | -7.94 | -58.33 | 0 | 158.33 | 0 | 0.00 | 0 | 15.11 | 9.02 |
| 2020 (7) | 2.60 | -33.33 | 19.40 | -13.39 | 7.87 | -17.25 | 2.54 | 40.9 | 6.88 | -25.62 | 4.34 | -34.14 | 14.13 | -44.63 | 7.10 | -47.83 | 1.41 | -26.56 | 10.32 | -11.64 | 151.89 | 36.53 | 113.79 | 10.34 | -13.79 | 0 | 0.00 | 0 | 13.86 | 4.13 |
| 2019 (6) | 3.90 | 148.41 | 22.40 | 30.76 | 9.51 | 92.9 | 1.80 | 77.46 | 9.25 | 91.51 | 6.59 | 92.13 | 25.52 | 98.91 | 13.61 | 68.44 | 1.92 | -8.57 | 11.68 | 83.36 | 111.25 | 22.25 | 103.12 | 1.18 | -3.12 | 0 | 0.00 | 0 | 13.31 | -5.33 |
| 2018 (5) | 1.57 | 9.03 | 17.13 | -1.5 | 4.93 | -3.52 | 1.02 | -1.14 | 4.83 | 3.43 | 3.43 | -0.87 | 12.83 | -0.31 | 8.08 | -4.15 | 2.10 | -4.11 | 6.37 | 3.41 | 91.00 | 47.42 | 101.92 | -7.14 | -1.92 | 0 | 0.00 | 0 | 14.06 | 9.84 |
| 2017 (4) | 1.44 | 1500.0 | 17.39 | -9.43 | 5.11 | -27.0 | 1.03 | -26.03 | 4.67 | -29.35 | 3.46 | -10.13 | 12.87 | 98.31 | 8.43 | 93.35 | 2.19 | 119.0 | 6.16 | -28.46 | 61.73 | -22.49 | 109.76 | 5.37 | -9.76 | 0 | 0.00 | 0 | 12.80 | -12.39 |
| 2016 (3) | 0.09 | -97.65 | 19.20 | -26.58 | 7.00 | -51.72 | 1.39 | 8.06 | 6.61 | -49.0 | 3.85 | -62.77 | 6.49 | -83.58 | 4.36 | -81.63 | 1.00 | -55.36 | 8.61 | -41.23 | 79.64 | 38.46 | 104.17 | -6.9 | -4.17 | 0 | 0.00 | 0 | 14.61 | 10.85 |
| 2015 (2) | 3.83 | 126.63 | 26.15 | 82.1 | 14.50 | 233.33 | 1.29 | -22.88 | 12.96 | 412.25 | 10.34 | 109.31 | 39.53 | 0 | 23.73 | 0 | 2.24 | 0 | 14.65 | 201.44 | 57.52 | -31.95 | 111.88 | -35.04 | -11.88 | 0 | 0.00 | 0 | 13.18 | 9.29 |
| 2014 (1) | 1.69 | 0 | 14.36 | 0 | 4.35 | 0 | 1.67 | 0 | 2.53 | 0 | 4.94 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 4.86 | 0 | 84.53 | 0 | 172.22 | 0 | -72.22 | 0 | 0.00 | 0 | 12.06 | 0 |
