- 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) | 0.57 | 185.0 | 5600.0 | 6.03 | 71.79 | -35.85 | -16.10 | -43.62 | -322.57 | 25.51 | 239.68 | 1126.44 | 24.69 | 241.02 | 3192.0 | 4.10 | 167.97 | 2057.89 | 3.09 | 153.28 | 1717.65 | 0.12 | -20.0 | -25.0 | 28.16 | 198.62 | 700.0 | 38.21 | 1.73 | -29.04 | -63.64 | 57.58 | 64.65 | 163.64 | -34.55 | -37.06 | 11.28 | 101.07 | 42.6 |
| 24Q2 (19) | 0.20 | -83.74 | 0 | 3.51 | -36.87 | -61.72 | -11.21 | 23.22 | -218.47 | 7.51 | -87.89 | 558.77 | 7.24 | -87.52 | 8950.0 | 1.53 | -85.74 | 15200.0 | 1.22 | -84.32 | 713.33 | 0.15 | 15.38 | 25.0 | 9.43 | -85.52 | 170.2 | 37.56 | -1.68 | -32.9 | -150.00 | -536.0 | 50.0 | 250.00 | 102.29 | -37.5 | 5.61 | -38.42 | -19.63 |
| 24Q1 (18) | 1.23 | 386.05 | 978.57 | 5.56 | 20.87 | -22.67 | -14.60 | -88.87 | -105.63 | 62.02 | 437.43 | 847.23 | 58.03 | 381.97 | 795.8 | 10.73 | 375.13 | 919.08 | 7.78 | 416.26 | 1441.38 | 0.13 | 0.0 | 30.0 | 65.12 | 495.39 | 1607.41 | 38.20 | -15.52 | -35.49 | -23.58 | -156.24 | -128.3 | 123.58 | 112.84 | 641.51 | 9.11 | 90.59 | -5.5 |
| 23Q4 (17) | -0.43 | -4400.0 | -16.22 | 4.60 | -51.06 | 360.0 | -7.73 | -102.89 | 27.55 | -18.38 | -983.65 | -29.35 | -20.58 | -2844.0 | -44.73 | -3.90 | -2152.63 | -28.29 | -2.46 | -1547.06 | -43.02 | 0.13 | -18.75 | 0.0 | -16.47 | -567.9 | -36.79 | 45.22 | -16.03 | -29.72 | 41.94 | 123.3 | -43.39 | 58.06 | -77.67 | 123.96 | 4.78 | -39.57 | -30.82 |
| 23Q3 (16) | 0.01 | 0 | -90.0 | 9.40 | 2.51 | 53.85 | -3.81 | -8.24 | -17.23 | 2.08 | 82.46 | -69.99 | 0.75 | 837.5 | -85.6 | 0.19 | 1800.0 | -87.74 | 0.17 | 13.33 | -83.5 | 0.16 | 33.33 | -5.88 | 3.52 | 0.86 | -59.95 | 53.85 | -3.8 | -10.79 | -180.00 | 40.0 | -282.5 | 260.00 | -35.0 | 84.17 | 7.91 | 13.32 | 58.2 |
| 23Q2 (15) | 0.00 | 100.0 | 100.0 | 9.17 | 27.54 | 11.56 | -3.52 | 50.42 | -1073.33 | 1.14 | 113.73 | -44.12 | 0.08 | 100.96 | -93.28 | 0.01 | 100.76 | -97.44 | 0.15 | 125.86 | -55.88 | 0.12 | 20.0 | -29.41 | 3.49 | 180.79 | -3.32 | 55.98 | -5.47 | -41.38 | -300.00 | -460.0 | -1400.0 | 400.00 | 2300.0 | 233.33 | 6.98 | -27.59 | 54.42 |
| 23Q1 (14) | -0.14 | 62.16 | 0 | 7.19 | 619.0 | 35.4 | -7.10 | 33.46 | -822.08 | -8.30 | 41.59 | -612.35 | -8.34 | 41.35 | -812.82 | -1.31 | 56.91 | -325.86 | -0.58 | 66.28 | -231.82 | 0.10 | -23.08 | -62.96 | -4.32 | 64.12 | -262.41 | 59.22 | -7.96 | -29.72 | 83.33 | 12.5 | 238.89 | 16.67 | -35.71 | -89.58 | 9.64 | 39.51 | 173.86 |
| 22Q4 (13) | -0.37 | -470.0 | -131.25 | 1.00 | -83.63 | 308.33 | -10.67 | -228.31 | 29.89 | -14.21 | -305.05 | -21.97 | -14.22 | -372.94 | -22.06 | -3.04 | -296.13 | -50.5 | -1.72 | -266.99 | -72.0 | 0.13 | -23.53 | 30.0 | -12.04 | -236.97 | -29.74 | 64.34 | 6.59 | -22.44 | 74.07 | 257.41 | -45.68 | 25.93 | -81.64 | 195.06 | 6.91 | 38.2 | -21.3 |
| 22Q3 (12) | 0.10 | 600.0 | 400.0 | 6.11 | -25.67 | -42.25 | -3.25 | -983.33 | 59.88 | 6.93 | 239.71 | 225.35 | 5.21 | 337.82 | 144.6 | 1.55 | 297.44 | 520.0 | 1.03 | 202.94 | 312.0 | 0.17 | 0.0 | 142.86 | 8.79 | 143.49 | 93.19 | 60.36 | -36.8 | -19.92 | -47.06 | -135.29 | 90.59 | 141.18 | 17.65 | -79.83 | 5.00 | 10.62 | -60.25 |
| 22Q2 (11) | -0.02 | 0 | 90.48 | 8.22 | 54.8 | 439.67 | -0.30 | 61.04 | 98.68 | 2.04 | 25.93 | 108.85 | 1.19 | 1.71 | 105.16 | 0.39 | -32.76 | 115.54 | 0.34 | -22.73 | 123.29 | 0.17 | -37.04 | 142.86 | 3.61 | 35.71 | 116.94 | 95.50 | 13.34 | 74.81 | -20.00 | 66.67 | -120.0 | 120.00 | -25.0 | 0 | 4.52 | 28.41 | -67.78 |
| 22Q1 (10) | 0.00 | 100.0 | 100.0 | 5.31 | 1206.25 | 3.31 | -0.77 | 94.94 | 90.46 | 1.62 | 113.91 | 119.17 | 1.17 | 110.04 | 113.85 | 0.58 | 128.71 | 128.43 | 0.44 | 144.0 | 144.0 | 0.27 | 170.0 | 107.69 | 2.66 | 128.66 | 137.0 | 84.26 | 1.58 | 26.46 | -60.00 | -144.0 | -165.45 | 160.00 | 686.67 | 1820.0 | 3.52 | -59.91 | -40.84 |
| 21Q4 (9) | -0.16 | -900.0 | 23.81 | -0.48 | -104.54 | -123.19 | -15.22 | -87.9 | -1053.03 | -11.65 | -646.95 | -353.31 | -11.65 | -646.95 | -353.31 | -2.02 | -908.0 | 16.18 | -1.00 | -500.0 | 10.71 | 0.10 | 42.86 | -78.72 | -9.28 | -303.96 | -298.28 | 82.95 | 10.06 | -16.88 | 136.36 | 127.27 | 172.73 | -27.27 | -103.9 | -154.55 | 8.78 | -30.21 | 428.92 |
| 21Q3 (8) | 0.02 | 109.52 | 116.67 | 10.58 | 537.19 | 352.14 | -8.10 | 64.35 | -1783.72 | 2.13 | 109.24 | 244.9 | 2.13 | 109.24 | 244.9 | 0.25 | 109.96 | 118.8 | 0.25 | 117.12 | 140.98 | 0.07 | 0.0 | -85.71 | 4.55 | 121.35 | 517.43 | 75.37 | 37.96 | -20.96 | -500.00 | -600.0 | -2100.0 | 700.00 | 0 | 833.33 | 12.58 | -10.33 | 671.78 |
| 21Q2 (7) | -0.21 | -23.53 | -425.0 | -2.42 | -147.08 | -161.42 | -22.72 | -181.54 | -3950.85 | -23.06 | -172.9 | -3102.78 | -23.04 | -172.66 | -3100.0 | -2.51 | -23.04 | -412.24 | -1.46 | -46.0 | -711.11 | 0.07 | -46.15 | -82.5 | -21.31 | -196.38 | -8779.17 | 54.63 | -18.01 | -25.79 | 100.00 | 9.09 | 250.0 | -0.00 | -100.0 | -100.0 | 14.03 | 135.8 | 0 |
| 21Q1 (6) | -0.17 | 19.05 | -1800.0 | 5.14 | 148.31 | 88.28 | -8.07 | -511.36 | -1245.0 | -8.45 | -228.79 | -5070.59 | -8.45 | -228.79 | -5070.59 | -2.04 | 15.35 | -1800.0 | -1.00 | 10.71 | -626.32 | 0.13 | -72.34 | -67.5 | -7.19 | -208.58 | -1127.14 | 66.63 | -33.24 | -3.8 | 91.67 | 83.33 | 130.56 | 8.33 | -83.33 | -97.22 | 5.95 | 258.43 | 183.33 |
| 20Q4 (5) | -0.21 | -75.0 | -23.53 | 2.07 | -11.54 | -1.43 | -1.32 | -206.98 | -175.0 | -2.57 | -74.83 | 36.86 | -2.57 | -74.83 | 32.01 | -2.41 | -81.2 | -27.51 | -1.12 | -83.61 | -49.33 | 0.47 | -4.08 | 95.83 | -2.33 | -113.76 | 27.86 | 99.80 | 4.66 | 17.49 | 50.00 | 100.0 | 550.0 | 50.00 | -33.33 | -40.91 | 1.66 | 1.84 | 76.6 |
| 20Q3 (4) | -0.12 | -200.0 | 0.0 | 2.34 | -40.61 | 0.0 | -0.43 | -172.88 | 0.0 | -1.47 | -104.17 | 0.0 | -1.47 | -104.17 | 0.0 | -1.33 | -171.43 | 0.0 | -0.61 | -238.89 | 0.0 | 0.49 | 22.5 | 0.0 | -1.09 | -354.17 | 0.0 | 95.36 | 29.53 | 0.0 | 25.00 | 137.5 | 0.0 | 75.00 | -62.5 | 0.0 | 1.63 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | -500.0 | 0.0 | 3.94 | 44.32 | 0.0 | 0.59 | 198.33 | 0.0 | -0.72 | -523.53 | 0.0 | -0.72 | -523.53 | 0.0 | -0.49 | -508.33 | 0.0 | -0.18 | -194.74 | 0.0 | 0.40 | 0.0 | 0.0 | -0.24 | -134.29 | 0.0 | 73.62 | 6.3 | 0.0 | -66.67 | 77.78 | 0.0 | 200.00 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.01 | 105.88 | 0.0 | 2.73 | 30.0 | 0.0 | -0.60 | -25.0 | 0.0 | 0.17 | 104.18 | 0.0 | 0.17 | 104.5 | 0.0 | 0.12 | 106.35 | 0.0 | 0.19 | 125.33 | 0.0 | 0.40 | 66.67 | 0.0 | 0.70 | 121.67 | 0.0 | 69.26 | -18.46 | 0.0 | -300.00 | -4000.0 | 0.0 | 300.00 | 254.55 | 0.0 | 2.10 | 123.4 | 0.0 |
| 19Q4 (1) | -0.17 | 0.0 | 0.0 | 2.10 | 0.0 | 0.0 | -0.48 | 0.0 | 0.0 | -4.07 | 0.0 | 0.0 | -3.78 | 0.0 | 0.0 | -1.89 | 0.0 | 0.0 | -0.75 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | -3.23 | 0.0 | 0.0 | 84.94 | 0.0 | 0.0 | 7.69 | 0.0 | 0.0 | 84.62 | 0.0 | 0.0 | 0.94 | 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) | -0.57 | 0 | 7.76 | 43.7 | -5.33 | 0 | 0.42 | 43.64 | -5.09 | 0 | -6.31 | 0 | -5.02 | 0 | -2.67 | 0 | 0.51 | -37.8 | -2.82 | 0 | 45.22 | -29.72 | 105.56 | 0 | -5.56 | 0 | 2.73 | 5.67 | 7.28 | 53.26 |
| 2022 (9) | -0.29 | 0 | 5.40 | 61.19 | -3.10 | 0 | 0.29 | 7.08 | -0.01 | 0 | -0.77 | 0 | -1.08 | 0 | -0.01 | 0 | 0.82 | 148.48 | 1.47 | 0 | 64.34 | -22.44 | 0.00 | 0 | 0.00 | 0 | 2.58 | 0 | 4.75 | -48.76 |
| 2021 (8) | -0.52 | 0 | 3.35 | 20.94 | -12.45 | 0 | 0.28 | 423.14 | -9.85 | 0 | -9.85 | 0 | -6.28 | 0 | -2.89 | 0 | 0.33 | -80.0 | -8.26 | 0 | 82.95 | -16.88 | 125.00 | 212.5 | -25.00 | 0 | 0.00 | 0 | 9.27 | 393.09 |
| 2020 (7) | -0.36 | 0 | 2.77 | -13.17 | -0.52 | 0 | 0.05 | -39.28 | -1.30 | 0 | -1.30 | 0 | -4.12 | 0 | -1.71 | 0 | 1.65 | -1.2 | -0.90 | 0 | 99.80 | 17.49 | 40.00 | 0 | 60.00 | -61.18 | 0.00 | 0 | 1.88 | 18.99 |
| 2019 (6) | -0.09 | 0 | 3.19 | -22.38 | 0.24 | -79.66 | 0.09 | -37.8 | -0.49 | 0 | -0.52 | 0 | -1.94 | 0 | -0.19 | 0 | 1.67 | -12.11 | 0.13 | -78.69 | 84.94 | -47.51 | -45.45 | 0 | 154.55 | 0 | 0.00 | 0 | 1.58 | -10.23 |
| 2018 (5) | 0.12 | 100.0 | 4.11 | -36.87 | 1.18 | 0 | 0.14 | -65.98 | 0.15 | 0 | 0.03 | 0 | 0.18 | 0 | 0.39 | 0 | 1.90 | 7.95 | 0.61 | -4.69 | 161.81 | -23.65 | 840.00 | 306.45 | -740.00 | 0 | 3.86 | 0 | 1.76 | -57.18 |
| 2017 (4) | 0.06 | -96.23 | 6.51 | -8.57 | -0.89 | 0 | 0.41 | 46.31 | -0.44 | 0 | -0.52 | 0 | -2.64 | 0 | -0.49 | 0 | 1.76 | -3.3 | 0.64 | -81.71 | 211.92 | 27.36 | 206.67 | 197.4 | -100.00 | 0 | 0.00 | 0 | 4.11 | 19.13 |
| 2016 (3) | 1.59 | 381.82 | 7.12 | 19.66 | 1.93 | 78.7 | 0.28 | 322.69 | 2.74 | 315.15 | 2.76 | 318.18 | 15.62 | 58.26 | 5.43 | 161.06 | 1.82 | -30.0 | 3.50 | 276.34 | 166.40 | -65.84 | 69.49 | -56.57 | 30.51 | 0 | 0.00 | 0 | 3.45 | 1.77 |
| 2015 (2) | 0.33 | -48.44 | 5.95 | -9.44 | 1.08 | 77.05 | 0.07 | 5.24 | 0.66 | -46.77 | 0.66 | -46.77 | 9.87 | -56.42 | 2.08 | -49.51 | 2.60 | -16.13 | 0.93 | -33.09 | 487.15 | 7.02 | 160.00 | 220.0 | -60.00 | 0 | 0.00 | 0 | 3.39 | -24.16 |
| 2014 (1) | 0.64 | 0 | 6.57 | 0 | 0.61 | 0 | 0.06 | -21.85 | 1.24 | 0 | 1.24 | 0 | 22.65 | 0 | 4.12 | 0 | 3.10 | 5.08 | 1.39 | 0 | 455.18 | -14.23 | 50.00 | -58.82 | 50.00 | 0 | 0.00 | 0 | 4.47 | 1296.87 |
