- 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) | -0.50 | -47.06 | 45.05 | 15.09 | -9.31 | 29.42 | -13.37 | -7.82 | 21.81 | -13.65 | -22.09 | 8.51 | -13.65 | -22.09 | 25.57 | -3.20 | -53.85 | 32.06 | -2.03 | -47.1 | 31.42 | 0.15 | 25.0 | -6.25 | -7.60 | -121.57 | 25.34 | 50.42 | -20.72 | -16.48 | 97.06 | -10.71 | -14.86 | 2.94 | 133.82 | 121.01 | 13.21 | 10.27 | -19.55 |
| 24Q2 (19) | -0.34 | 44.26 | 71.9 | 16.64 | -11.63 | 5300.0 | -12.40 | 38.28 | 68.53 | -11.18 | 38.3 | 68.63 | -11.18 | 38.3 | 69.67 | -2.08 | 42.38 | 64.86 | -1.38 | 45.67 | 62.7 | 0.12 | -14.29 | 20.0 | -3.43 | 69.13 | 87.77 | 63.60 | 68.75 | 12.35 | 108.70 | -0.97 | -1.3 | -8.70 | 10.87 | 14.13 | 11.98 | -43.22 | -52.93 |
| 24Q1 (18) | -0.61 | 65.92 | 34.41 | 18.83 | 560.7 | 54.09 | -20.09 | 40.79 | 11.73 | -18.12 | 49.5 | 16.03 | -18.12 | 52.19 | 16.03 | -3.61 | 63.83 | 15.85 | -2.54 | 60.98 | -0.4 | 0.14 | -17.65 | 16.67 | -11.11 | 64.2 | 31.21 | 37.69 | -16.67 | -40.0 | 109.76 | 15.85 | 4.77 | -9.76 | -285.37 | -104.88 | 21.10 | 29.69 | 9.55 |
| 23Q4 (17) | -1.79 | -96.7 | -80.81 | 2.85 | -75.56 | -74.6 | -33.93 | -98.42 | -136.78 | -35.88 | -140.48 | -131.19 | -37.90 | -106.65 | -155.22 | -9.98 | -111.89 | -132.09 | -6.51 | -119.93 | -165.71 | 0.17 | 6.25 | 0.0 | -31.03 | -204.81 | -162.3 | 45.23 | -25.08 | -39.38 | 94.74 | -16.9 | 2.14 | 5.26 | 137.59 | -27.37 | 16.27 | -0.91 | 26.12 |
| 23Q3 (16) | -0.91 | 24.79 | -635.29 | 11.66 | 3743.75 | -11.06 | -17.10 | 56.6 | -502.11 | -14.92 | 58.14 | -797.2 | -18.34 | 50.24 | -1142.05 | -4.71 | 20.44 | -754.17 | -2.96 | 20.0 | -804.76 | 0.16 | 60.0 | -33.33 | -10.18 | 63.71 | -317.99 | 60.37 | 6.64 | -20.2 | 114.00 | 3.52 | 188.67 | -14.00 | -38.25 | -106.12 | 16.42 | -35.48 | 62.9 |
| 23Q2 (15) | -1.21 | -30.11 | -764.29 | -0.32 | -102.62 | -102.08 | -39.40 | -73.11 | -2076.8 | -35.64 | -65.15 | -1996.47 | -36.86 | -70.81 | -2571.01 | -5.92 | -38.0 | -886.67 | -3.70 | -46.25 | -1056.25 | 0.10 | -16.67 | -56.52 | -28.05 | -73.68 | -3890.54 | 56.61 | -9.89 | -20.45 | 110.13 | 5.12 | 0.95 | -10.13 | -112.66 | -11.39 | 25.45 | 32.14 | 173.95 |
| 23Q1 (14) | -0.93 | 6.06 | -4750.0 | 12.22 | 8.91 | -30.37 | -22.76 | -58.83 | -3061.11 | -21.58 | -39.05 | -26875.0 | -21.58 | -45.32 | -12088.89 | -4.29 | 0.23 | -5462.5 | -2.53 | -3.27 | -5160.0 | 0.12 | -29.41 | -50.0 | -16.15 | -36.52 | -907.5 | 62.82 | -15.8 | -35.64 | 104.76 | 12.95 | -79.05 | -4.76 | -165.71 | 99.05 | 19.26 | 49.3 | 117.87 |
| 22Q4 (13) | -0.99 | -682.35 | -2080.0 | 11.22 | -14.42 | -50.31 | -14.33 | -404.58 | -742.6 | -15.52 | -825.23 | -2775.86 | -14.85 | -943.75 | -3328.26 | -4.30 | -697.22 | -2250.0 | -2.45 | -683.33 | -2327.27 | 0.17 | -29.17 | -22.73 | -11.83 | -353.32 | -551.53 | 74.61 | -1.37 | -24.93 | 92.75 | 172.14 | -75.27 | 7.25 | -96.83 | 102.64 | 12.90 | 27.98 | 55.61 |
| 22Q3 (12) | 0.17 | 221.43 | -26.09 | 13.11 | -14.59 | -41.24 | -2.84 | -56.91 | -185.03 | 2.14 | 225.88 | 3.88 | 1.76 | 227.54 | -17.76 | 0.72 | 220.0 | -24.21 | 0.42 | 231.25 | -20.75 | 0.24 | 4.35 | -4.0 | 4.67 | 531.08 | 21.3 | 75.65 | 6.31 | -13.78 | -128.57 | -217.86 | -180.36 | 228.57 | 2614.29 | 480.95 | 10.08 | 8.5 | 14.03 |
| 22Q2 (11) | -0.14 | -800.0 | -153.85 | 15.35 | -12.54 | -17.74 | -1.81 | -151.39 | -151.71 | -1.70 | -2025.0 | -157.05 | -1.38 | -866.67 | -157.98 | -0.60 | -850.0 | -157.14 | -0.32 | -740.0 | -152.46 | 0.23 | -4.17 | -11.54 | 0.74 | -63.0 | -84.49 | 71.16 | -27.09 | 3.94 | 109.09 | -78.18 | -7.69 | -9.09 | 98.18 | 50.0 | 9.29 | 5.09 | 10.73 |
| 22Q1 (10) | 0.02 | -60.0 | 140.0 | 17.55 | -22.28 | 12.64 | -0.72 | -132.29 | -129.39 | -0.08 | -113.79 | 85.45 | 0.18 | -60.87 | 139.13 | 0.08 | -60.0 | 138.1 | 0.05 | -54.55 | 141.67 | 0.24 | 9.09 | -11.11 | 2.00 | -23.66 | 68.07 | 97.60 | -1.8 | 29.02 | 500.00 | 33.33 | 205.26 | -500.00 | -81.82 | -186.96 | 8.84 | 6.63 | 23.46 |
| 21Q4 (9) | 0.05 | -78.26 | -79.17 | 22.58 | 1.21 | 49.34 | 2.23 | -33.23 | 1.83 | 0.58 | -71.84 | -78.68 | 0.46 | -78.5 | -78.7 | 0.20 | -78.95 | -79.8 | 0.11 | -79.25 | -81.36 | 0.22 | -12.0 | -18.52 | 2.62 | -31.95 | -41.78 | 99.39 | 13.28 | 51.69 | 375.00 | 134.37 | 363.24 | -275.00 | -358.33 | -1543.75 | 8.29 | -6.22 | 16.93 |
| 21Q3 (8) | 0.23 | -11.54 | -41.03 | 22.31 | 19.56 | 42.01 | 3.34 | -4.57 | 22.79 | 2.06 | -30.87 | -52.42 | 2.14 | -10.08 | -36.87 | 0.95 | -9.52 | -41.36 | 0.53 | -13.11 | -43.01 | 0.25 | -3.85 | -7.41 | 3.85 | -19.29 | -36.26 | 87.74 | 28.16 | 27.51 | 160.00 | 35.38 | 159.05 | -60.00 | -230.0 | -256.92 | 8.84 | 5.36 | 17.24 |
| 21Q2 (7) | 0.26 | 620.0 | 333.33 | 18.66 | 19.77 | 50.85 | 3.50 | 42.86 | 614.71 | 2.98 | 641.82 | 293.51 | 2.38 | 617.39 | 290.16 | 1.05 | 600.0 | 356.52 | 0.61 | 608.33 | 335.71 | 0.26 | -3.7 | 13.04 | 4.77 | 300.84 | 657.14 | 68.46 | -9.5 | -15.22 | 118.18 | 124.88 | 195.45 | -18.18 | -103.16 | -136.36 | 8.39 | 17.18 | 0 |
| 21Q1 (6) | -0.05 | -120.83 | 0 | 15.58 | 3.04 | 22.39 | 2.45 | 11.87 | 226.94 | -0.55 | -120.22 | -787.5 | -0.46 | -121.3 | -1250.0 | -0.21 | -121.21 | -2200.0 | -0.12 | -120.34 | -1300.0 | 0.27 | 0.0 | 28.57 | 1.19 | -73.56 | -54.23 | 75.65 | 15.46 | 48.36 | -475.00 | -686.76 | 0 | 575.00 | 2918.75 | 0 | 7.16 | 0.99 | -12.25 |
| 20Q4 (5) | 0.24 | -38.46 | 284.62 | 15.12 | -3.76 | 2.79 | 2.19 | -19.49 | 271.09 | 2.72 | -37.18 | 255.43 | 2.16 | -36.28 | 239.35 | 0.99 | -38.89 | 298.0 | 0.59 | -36.56 | 303.45 | 0.27 | 0.0 | 42.11 | 4.50 | -25.5 | 251.56 | 65.52 | -4.78 | 20.42 | 80.95 | 31.07 | 15.65 | 19.05 | -50.18 | -36.51 | 7.09 | -5.97 | -10.71 |
| 20Q3 (4) | 0.39 | 550.0 | 0.0 | 15.71 | 27.0 | 0.0 | 2.72 | 500.0 | 0.0 | 4.33 | 381.17 | 0.0 | 3.39 | 455.74 | 0.0 | 1.62 | 604.35 | 0.0 | 0.93 | 564.29 | 0.0 | 0.27 | 17.39 | 0.0 | 6.04 | 858.73 | 0.0 | 68.81 | -14.79 | 0.0 | 61.76 | 54.41 | 0.0 | 38.24 | -23.53 | 0.0 | 7.54 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | 0 | 0.0 | 12.37 | -2.83 | 0.0 | -0.68 | 64.77 | 0.0 | -1.54 | -2025.0 | 0.0 | 0.61 | 1425.0 | 0.0 | 0.23 | 2200.0 | 0.0 | 0.14 | 1300.0 | 0.0 | 0.23 | 9.52 | 0.0 | 0.63 | -75.77 | 0.0 | 80.75 | 58.36 | 0.0 | 40.00 | 0 | 0.0 | 50.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.00 | 100.0 | 0.0 | 12.73 | -13.46 | 0.0 | -1.93 | -50.78 | 0.0 | 0.08 | 104.57 | 0.0 | 0.04 | 102.58 | 0.0 | 0.01 | 102.0 | 0.0 | 0.01 | 103.45 | 0.0 | 0.21 | 10.53 | 0.0 | 2.60 | 103.12 | 0.0 | 50.99 | -6.29 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 8.16 | 2.77 | 0.0 |
| 19Q4 (1) | -0.13 | 0.0 | 0.0 | 14.71 | 0.0 | 0.0 | -1.28 | 0.0 | 0.0 | -1.75 | 0.0 | 0.0 | -1.55 | 0.0 | 0.0 | -0.50 | 0.0 | 0.0 | -0.29 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 1.28 | 0.0 | 0.0 | 54.41 | 0.0 | 0.0 | 70.00 | 0.0 | 0.0 | 30.00 | 0.0 | 0.0 | 7.94 | 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) | -4.84 | 0 | 7.12 | -51.56 | -27.35 | 0 | 5.41 | 138.81 | -26.25 | 0 | -28.01 | 0 | -24.48 | 0 | -15.10 | 0 | 0.54 | -37.21 | -20.79 | 0 | 45.23 | -39.38 | 103.92 | -29.33 | -4.25 | 0 | 0.06 | -60.47 | 18.80 | 88.0 |
| 2022 (9) | -0.94 | 0 | 14.70 | -25.38 | -3.98 | 0 | 2.27 | 49.74 | -2.69 | 0 | -2.51 | 0 | -4.02 | 0 | -2.12 | 0 | 0.86 | -11.34 | -0.12 | 0 | 74.61 | -24.93 | 147.06 | -35.22 | -47.06 | 0 | 0.15 | -29.92 | 10.00 | 22.55 |
| 2021 (8) | 0.49 | -30.0 | 19.70 | 39.03 | 2.88 | 238.82 | 1.51 | -2.55 | 1.26 | -24.1 | 1.13 | -34.68 | 1.99 | -28.42 | 1.11 | -36.57 | 0.97 | -3.96 | 3.06 | -16.39 | 99.39 | 51.69 | 227.03 | 344.18 | -127.03 | 0 | 0.22 | -34.08 | 8.16 | 10.27 |
| 2020 (7) | 0.70 | 337.5 | 14.17 | 5.75 | 0.85 | 2733.33 | 1.55 | -29.05 | 1.66 | 654.55 | 1.73 | 367.57 | 2.78 | 363.33 | 1.75 | 360.53 | 1.01 | 3.06 | 3.66 | 27.97 | 65.52 | 20.42 | 51.11 | 206.67 | 48.89 | -41.33 | 0.33 | -42.47 | 7.40 | 9.79 |
| 2019 (6) | 0.16 | -94.7 | 13.40 | -1.69 | 0.03 | -99.22 | 2.19 | 100.66 | 0.22 | -94.63 | 0.37 | -89.34 | 0.60 | -94.53 | 0.38 | -92.18 | 0.98 | -30.0 | 2.86 | -47.62 | 54.41 | -26.05 | 16.67 | -82.28 | 83.33 | 1297.44 | 0.57 | -14.55 | 6.74 | 52.83 |
| 2018 (5) | 3.02 | -0.33 | 13.63 | 25.74 | 3.86 | 43.49 | 1.09 | 26.08 | 4.10 | 30.16 | 3.47 | 29.96 | 10.97 | -12.03 | 4.86 | 25.26 | 1.40 | -3.45 | 5.46 | 28.77 | 73.58 | -60.51 | 94.04 | 9.88 | 5.96 | -58.64 | 0.67 | 5.52 | 4.41 | 34.86 |
| 2017 (4) | 3.03 | -24.44 | 10.84 | -5.0 | 2.69 | 16.45 | 0.87 | -16.33 | 3.15 | 13.72 | 2.67 | 3.89 | 12.47 | 0.65 | 3.88 | 0.52 | 1.45 | -3.33 | 4.24 | 6.0 | 186.31 | -28.83 | 85.58 | 1.85 | 14.42 | -13.49 | 0.63 | 0 | 3.27 | -18.05 |
| 2016 (3) | 4.01 | 26.1 | 11.41 | -28.6 | 2.31 | -41.52 | 1.03 | -3.29 | 2.77 | -44.38 | 2.57 | -31.28 | 12.39 | -9.03 | 3.86 | -24.02 | 1.50 | 10.29 | 4.00 | -37.3 | 261.77 | 73.75 | 84.03 | 5.98 | 16.67 | -19.54 | 0.00 | 0 | 3.99 | -31.21 |
| 2015 (2) | 3.18 | -68.36 | 15.98 | -2.2 | 3.95 | -46.26 | 1.07 | 114.6 | 4.98 | -35.99 | 3.74 | -40.45 | 13.62 | -64.9 | 5.08 | -60.59 | 1.36 | -33.66 | 6.38 | -24.05 | 150.66 | -19.1 | 79.29 | -16.15 | 20.71 | 280.17 | 0.00 | 0 | 5.80 | 28.32 |
| 2014 (1) | 10.05 | 0 | 16.34 | 0 | 7.35 | 0 | 0.50 | 0 | 7.78 | 0 | 6.28 | 0 | 38.80 | 0 | 12.89 | 0 | 2.05 | 0 | 8.40 | 0 | 186.24 | -15.84 | 94.55 | 0 | 5.45 | 0 | 0.00 | 0 | 4.52 | 0 |
