- 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) | 0.19 | -59.57 | -69.84 | 20.39 | -20.44 | -13.97 | 6.68 | -40.52 | -27.63 | 2.20 | -65.13 | -61.54 | 1.76 | -57.59 | -69.23 | 1.15 | -60.62 | -78.22 | 0.51 | -28.17 | -39.29 | 0.08 | 0.0 | 0.0 | 54.62 | -3.84 | -5.86 | 702.82 | -4.97 | -32.96 | 320.00 | 82.86 | 103.64 | -220.00 | -193.33 | -242.22 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.47 | -70.99 | 2.17 | 25.63 | -25.54 | -0.89 | 11.23 | -47.0 | 12.08 | 6.31 | -60.95 | 48.12 | 4.15 | -67.9 | -2.58 | 2.92 | -72.76 | -27.9 | 0.71 | -53.59 | -2.74 | 0.08 | -11.11 | 0.0 | 56.80 | -8.33 | -2.04 | 739.61 | -7.07 | -32.89 | 175.00 | 35.78 | -27.08 | -75.00 | -141.07 | 46.43 | 17.07 | 5.76 | 2.77 |
| 24Q1 (18) | 1.62 | -21.36 | 282.02 | 34.42 | -7.7 | 142.91 | 21.19 | -8.94 | 864.98 | 16.16 | -15.53 | 261.44 | 12.93 | -13.86 | 229.17 | 10.72 | -30.84 | 239.4 | 1.53 | -17.3 | 765.22 | 0.09 | -10.0 | 50.0 | 61.96 | 0.81 | 12.45 | 795.92 | -8.67 | -33.15 | 128.89 | 6.79 | 415.56 | -31.11 | -50.37 | -144.44 | 16.14 | 6.18 | -13.37 |
| 23Q4 (17) | 2.06 | 226.98 | 227.16 | 37.29 | 57.34 | 1507.33 | 23.27 | 152.11 | 281.09 | 19.13 | 234.44 | 190.11 | 15.01 | 162.41 | 170.7 | 15.50 | 193.56 | 223.21 | 1.85 | 120.24 | 364.29 | 0.10 | 25.0 | 100.0 | 61.46 | 5.93 | 12.24 | 871.44 | -16.88 | -23.55 | 120.69 | -23.2 | 97.49 | -20.69 | 67.82 | -153.2 | 15.20 | -7.82 | -23.31 |
| 23Q3 (16) | 0.63 | 36.96 | 218.87 | 23.70 | -8.35 | 215.84 | 9.23 | -7.88 | 129.17 | 5.72 | 34.27 | 113.53 | 5.72 | 34.27 | 113.53 | 5.28 | 30.37 | 129.81 | 0.84 | 15.07 | 162.22 | 0.08 | 0.0 | 100.0 | 58.02 | 0.07 | 14.39 | 1048.35 | -4.88 | 1.83 | 157.14 | -34.52 | 107.14 | -64.29 | 54.08 | -348.57 | 16.49 | -0.72 | -30.42 |
| 23Q2 (15) | 0.46 | 151.69 | 169.7 | 25.86 | 82.5 | 167.89 | 10.02 | 461.73 | 119.59 | 4.26 | 142.56 | 106.66 | 4.26 | 142.56 | 106.66 | 4.05 | 152.67 | 122.22 | 0.73 | 417.39 | 143.2 | 0.08 | 33.33 | 166.67 | 57.98 | 5.23 | 11.05 | 1102.08 | -7.44 | 29.93 | 240.00 | 860.0 | 197.93 | -140.00 | -300.0 | -820.0 | 16.61 | -10.84 | -42.0 |
| 23Q1 (14) | -0.89 | 45.06 | -64.81 | 14.17 | 510.78 | 168.32 | -2.77 | 78.44 | 91.9 | -10.01 | 52.85 | 78.46 | -10.01 | 52.85 | 78.46 | -7.69 | 38.87 | 40.53 | -0.23 | 67.14 | 81.89 | 0.06 | 20.0 | 50.0 | 55.10 | 0.62 | -2.04 | 1190.65 | 4.45 | 63.14 | 25.00 | -59.09 | -65.91 | 70.00 | 80.0 | 162.5 | 18.63 | -6.0 | -26.07 |
| 22Q4 (13) | -1.62 | -205.66 | -92.86 | 2.32 | 111.34 | 120.9 | -12.85 | 59.39 | 45.64 | -21.23 | 49.8 | 67.56 | -21.23 | 49.8 | 69.32 | -12.58 | 28.97 | 26.82 | -0.70 | 48.15 | 66.35 | 0.05 | 25.0 | 25.0 | 54.76 | 7.97 | 58.31 | 1139.91 | 10.72 | 72.56 | 61.11 | -19.44 | 66.15 | 38.89 | 50.37 | -39.58 | 19.82 | -16.37 | -5.57 |
| 22Q3 (12) | -0.53 | 19.7 | 30.26 | -20.46 | 46.29 | 68.95 | -31.64 | 38.14 | 59.79 | -42.29 | 33.9 | 57.07 | -42.29 | 33.9 | 57.07 | -17.71 | 2.85 | -33.16 | -1.35 | 20.12 | 23.3 | 0.04 | 33.33 | 100.0 | 50.72 | -2.85 | -18.06 | 1029.51 | 21.37 | 83.63 | 75.86 | -5.83 | -4.6 | 25.86 | 33.0 | 26.27 | 23.70 | -17.25 | -30.88 |
| 22Q2 (11) | -0.66 | -22.22 | 28.26 | -38.09 | -83.65 | 60.49 | -51.15 | -49.56 | 54.42 | -63.98 | -37.65 | 52.8 | -63.98 | -37.65 | 52.8 | -18.23 | -40.99 | -30.03 | -1.69 | -33.07 | 19.91 | 0.03 | -25.0 | 50.0 | 52.21 | -7.18 | 4.42 | 848.23 | 16.22 | 68.69 | 80.56 | 9.85 | -2.95 | 19.44 | -27.08 | 14.38 | 28.64 | 13.65 | -37.58 |
| 22Q1 (10) | -0.54 | 35.71 | 31.65 | -20.74 | -86.85 | 58.76 | -34.20 | -44.67 | 50.44 | -46.48 | 28.98 | 46.46 | -46.48 | 32.83 | 46.46 | -12.93 | 24.78 | -20.62 | -1.27 | 38.94 | 25.73 | 0.04 | 0.0 | 100.0 | 56.25 | 62.62 | 10.29 | 729.83 | 10.48 | 64.9 | 73.33 | 99.37 | -7.54 | 26.67 | -58.57 | 28.89 | 25.20 | 20.06 | -28.91 |
| 21Q4 (9) | -0.84 | -10.53 | -44.83 | -11.10 | 83.15 | 54.69 | -23.64 | 69.96 | 40.45 | -65.45 | 33.55 | -19.57 | -69.20 | 29.75 | -26.42 | -17.19 | -29.25 | -138.75 | -2.08 | -18.18 | -87.39 | 0.04 | 100.0 | 33.33 | 34.59 | -44.12 | -45.78 | 660.60 | 17.83 | 61.89 | 36.78 | -53.74 | -48.83 | 64.37 | 214.27 | 128.86 | 20.99 | -38.79 | -15.26 |
| 21Q3 (8) | -0.76 | 17.39 | -16.92 | -65.89 | 31.66 | -50.95 | -78.69 | 29.88 | -45.59 | -98.50 | 27.33 | -47.46 | -98.50 | 27.33 | -47.46 | -13.30 | 5.14 | -77.81 | -1.76 | 16.59 | -45.45 | 0.02 | 0.0 | 0.0 | 61.90 | 23.8 | -4.02 | 560.64 | 11.5 | 44.18 | 79.52 | -4.2 | -2.66 | 20.48 | 20.48 | 3.87 | 34.29 | -25.26 | -9.62 |
| 21Q2 (7) | -0.92 | -16.46 | 44.24 | -96.41 | -91.71 | 57.63 | -112.22 | -62.61 | 59.71 | -135.54 | -56.13 | 47.52 | -135.54 | -56.13 | 63.55 | -14.02 | -30.78 | 16.65 | -2.11 | -23.39 | 35.47 | 0.02 | 0.0 | 100.0 | 50.00 | -1.96 | -2.0 | 502.83 | 13.61 | 30.21 | 83.00 | 4.65 | -23.1 | 17.00 | -17.83 | 314.2 | 45.88 | 29.42 | 0 |
| 21Q1 (6) | -0.79 | -36.21 | 83.98 | -50.29 | -105.27 | -72.7 | -69.01 | -73.83 | -44.83 | -86.81 | -58.59 | 72.84 | -86.81 | -58.59 | 72.84 | -10.72 | -48.89 | 71.49 | -1.71 | -54.05 | 81.89 | 0.02 | -33.33 | -33.33 | 51.00 | -20.05 | 122.45 | 442.59 | 8.46 | 26.23 | 79.31 | 10.34 | 429.71 | 20.69 | -26.44 | -75.72 | 35.45 | 43.12 | -3.83 |
| 20Q4 (5) | -0.58 | 10.77 | -223.4 | -24.50 | 43.87 | -173.91 | -39.70 | 26.55 | -299.9 | -54.74 | 18.05 | -494.66 | -54.74 | 18.05 | -454.3 | -7.20 | 3.74 | -336.07 | -1.11 | 8.26 | -194.87 | 0.03 | 50.0 | -50.0 | 63.79 | -1.09 | 4.33 | 408.06 | 4.94 | 69.53 | 71.88 | -12.02 | -49.91 | 28.12 | 42.63 | 164.69 | 24.77 | -34.71 | 31.27 |
| 20Q3 (4) | -0.65 | 60.61 | 0.0 | -43.65 | 80.81 | 0.0 | -54.05 | 80.59 | 0.0 | -66.80 | 74.14 | 0.0 | -66.80 | 82.04 | 0.0 | -7.48 | 55.53 | 0.0 | -1.21 | 63.0 | 0.0 | 0.02 | 100.0 | 0.0 | 64.49 | 26.4 | 0.0 | 388.84 | 0.69 | 0.0 | 81.69 | -24.32 | 0.0 | 19.72 | 348.45 | 0.0 | 37.94 | 0 | 0.0 |
| 20Q2 (3) | -1.65 | 66.53 | 0.0 | -227.52 | -681.32 | 0.0 | -278.52 | -484.51 | 0.0 | -258.28 | 19.19 | 0.0 | -371.84 | -16.33 | 0.0 | -16.82 | 55.27 | 0.0 | -3.27 | 65.36 | 0.0 | 0.01 | -66.67 | 0.0 | 51.02 | 122.45 | 0.0 | 386.16 | 10.13 | 0.0 | 107.94 | 620.91 | 0.0 | -7.94 | -109.31 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -4.93 | -1148.94 | 0.0 | -29.12 | -187.84 | 0.0 | -47.65 | -339.93 | 0.0 | -319.63 | -2404.47 | 0.0 | -319.63 | -2168.8 | 0.0 | -37.60 | -1332.79 | 0.0 | -9.44 | -906.84 | 0.0 | 0.03 | -50.0 | 0.0 | -227.22 | -471.64 | 0.0 | 350.63 | 45.67 | 0.0 | 14.97 | -89.56 | 0.0 | 85.21 | 295.99 | 0.0 | 36.86 | 95.34 | 0.0 |
| 19Q4 (1) | 0.47 | 0.0 | 0.0 | 33.15 | 0.0 | 0.0 | 19.86 | 0.0 | 0.0 | 13.87 | 0.0 | 0.0 | 15.45 | 0.0 | 0.0 | 3.05 | 0.0 | 0.0 | 1.17 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 61.14 | 0.0 | 0.0 | 240.70 | 0.0 | 0.0 | 143.48 | 0.0 | 0.0 | -43.48 | 0.0 | 0.0 | 18.87 | 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) | 2.26 | 0 | 26.50 | 0 | 11.34 | 0 | 44.07 | -44.81 | 6.34 | 0 | 5.07 | 0 | 17.13 | 0 | 3.10 | 0 | 0.31 | 93.75 | 58.49 | 9.37 | 871.44 | -23.55 | 179.03 | 142.28 | -79.03 | 0 | 0.95 | -33.67 | 16.55 | -30.7 |
| 2022 (9) | -10.28 | 0 | -17.17 | 0 | -30.49 | 0 | 79.85 | -31.2 | -41.28 | 0 | -41.28 | 0 | -59.71 | 0 | -4.99 | 0 | 0.16 | 60.0 | 53.48 | 13.33 | 1139.91 | 72.56 | 73.89 | 5.52 | 26.11 | -13.7 | 1.43 | -17.88 | 23.88 | -25.95 |
| 2021 (8) | -3.30 | 0 | -49.03 | 0 | -63.82 | 0 | 116.07 | 5.11 | -91.27 | 0 | -92.55 | 0 | -53.96 | 0 | -7.61 | 0 | 0.10 | 11.11 | 47.19 | 0 | 660.60 | 61.89 | 70.03 | 75.51 | 30.25 | -49.66 | 1.74 | -9.03 | 32.25 | -21.93 |
| 2020 (7) | -7.82 | 0 | -53.35 | 0 | -72.63 | 0 | 110.43 | 162.92 | -181.85 | 0 | -194.41 | 0 | -66.92 | 0 | -15.62 | 0 | 0.09 | -57.14 | -48.75 | 0 | 408.06 | 69.53 | 39.90 | -82.56 | 60.10 | 0 | 1.92 | -73.04 | 41.31 | 87.86 |
| 2019 (6) | 0.55 | 223.53 | 26.94 | 8.72 | 11.10 | 19.23 | 42.00 | -2.58 | 4.83 | 295.9 | 4.92 | 203.7 | 3.57 | 224.55 | 2.19 | -0.9 | 0.21 | -22.22 | 55.87 | 1.92 | 240.70 | -9.85 | 228.81 | -70.34 | -128.81 | 0 | 7.10 | 0.76 | 21.99 | 6.33 |
| 2018 (5) | 0.17 | -66.67 | 24.78 | 32.44 | 9.31 | 66.25 | 43.12 | 307.37 | 1.22 | -73.59 | 1.62 | -63.35 | 1.10 | -73.56 | 2.21 | -15.0 | 0.27 | -44.9 | 54.82 | 190.21 | 266.99 | 549.45 | 771.43 | 544.96 | -671.43 | 0 | 7.05 | 0 | 20.68 | 5.4 |
| 2017 (4) | 0.51 | 0 | 18.71 | 24.4 | 5.60 | 0 | 10.58 | 7.82 | 4.62 | 0 | 4.42 | 0 | 4.16 | 0 | 2.60 | 0 | 0.49 | 25.64 | 18.89 | 586.91 | 41.11 | -83.06 | 119.61 | 440.84 | -21.57 | 0 | 0.00 | 0 | 19.62 | -6.84 |
| 2016 (3) | -2.07 | 0 | 15.04 | -43.27 | -2.97 | 0 | 9.82 | 84.79 | -13.57 | 0 | -13.95 | 0 | -18.67 | 0 | -4.30 | 0 | 0.39 | 50.0 | 2.75 | -64.79 | 242.62 | 1.6 | 22.12 | -65.25 | 77.88 | 71.35 | 0.00 | 0 | 21.06 | -8.12 |
| 2015 (2) | -0.23 | 0 | 26.51 | -48.29 | -2.16 | 0 | 5.31 | 0 | -3.58 | 0 | -3.64 | 0 | -2.05 | 0 | -0.18 | 0 | 0.26 | 100.0 | 7.81 | -72.97 | 238.80 | 13020.88 | 63.64 | 175.76 | 45.45 | -40.91 | 0.00 | 0 | 22.92 | -11.68 |
| 2014 (1) | 0.59 | 0 | 51.27 | 0 | 7.78 | 0 | 0.00 | 0 | 29.68 | 0 | 29.68 | 0 | 4.42 | 0 | 3.93 | 0 | 0.13 | -87.62 | 28.89 | 716.1 | 1.82 | -99.21 | 23.08 | -88.9 | 76.92 | 0 | 0.00 | 0 | 25.95 | -15.44 |
