- 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) | 0.36 | 56.52 | 114.94 | 20.44 | 15.28 | 82.83 | 3.90 | 322.86 | 218.9 | 7.13 | 37.12 | 1498.04 | 6.02 | 50.5 | 123.84 | 1.35 | 33.66 | 117.51 | 0.81 | 24.62 | 127.74 | 0.11 | -8.33 | -8.33 | 16.44 | 17.26 | 124.9 | 119.31 | 21.42 | -22.17 | 54.76 | 254.33 | -92.53 | 45.24 | -66.61 | 107.14 | 14.24 | -13.85 | 7.8 |
| 24Q2 (19) | 0.23 | 2200.0 | 174.19 | 17.73 | 2.9 | 95.48 | -1.75 | -242.28 | 44.27 | 5.20 | 73.91 | 572.73 | 4.00 | 50.94 | 247.6 | 1.01 | 44.29 | 229.49 | 0.65 | 35.42 | 506.25 | 0.12 | 9.09 | 0.0 | 14.02 | 12.79 | 123.6 | 98.26 | -23.64 | -30.51 | -35.48 | -186.18 | -111.83 | 135.48 | 130.32 | 172.95 | 16.53 | 3.64 | 25.99 |
| 24Q1 (18) | 0.01 | 101.96 | -92.86 | 17.23 | 47.64 | 12.91 | 1.23 | 129.22 | -32.04 | 2.99 | 178.48 | -41.83 | 2.65 | 151.56 | -7.34 | 0.70 | 140.46 | -11.39 | 0.48 | 194.12 | -4.0 | 0.11 | -21.43 | -15.38 | 12.43 | 252.12 | 1.14 | 128.68 | -8.82 | 5.14 | 41.18 | -62.94 | 13.24 | 58.82 | 629.41 | -11.76 | 15.95 | 47.96 | 15.66 |
| 23Q4 (17) | -0.51 | 78.84 | -312.5 | 11.67 | 4.38 | -31.75 | -4.21 | -28.35 | -170.28 | -3.81 | -647.06 | -158.71 | -5.14 | 79.64 | -256.71 | -1.73 | 77.56 | -264.76 | -0.51 | 82.53 | -180.95 | 0.14 | 16.67 | 0.0 | 3.53 | -51.71 | -72.01 | 141.12 | -7.94 | 16.99 | 111.11 | -84.85 | 20.77 | -11.11 | 98.25 | -238.89 | 10.78 | -18.4 | 1.99 |
| 23Q3 (16) | -2.41 | -677.42 | -1953.85 | 11.18 | 23.26 | -25.62 | -3.28 | -4.46 | -241.99 | -0.51 | 53.64 | -112.17 | -25.25 | -831.73 | -1227.23 | -7.71 | -888.46 | -1141.89 | -2.92 | -1725.0 | -708.33 | 0.12 | 0.0 | -14.29 | 7.31 | 16.59 | -29.17 | 153.29 | 8.4 | 18.06 | 733.33 | 144.44 | 1212.28 | -633.33 | -241.03 | -1535.56 | 13.21 | 0.69 | 4.92 |
| 23Q2 (15) | -0.31 | -321.43 | -168.89 | 9.07 | -40.56 | -45.33 | -3.14 | -273.48 | -153.86 | -1.10 | -121.4 | -120.07 | -2.71 | -194.76 | -156.46 | -0.78 | -198.73 | -149.37 | -0.16 | -132.0 | -118.6 | 0.12 | -7.69 | -20.0 | 6.27 | -48.98 | -46.64 | 141.41 | 15.54 | 5.32 | 300.00 | 725.0 | 180.43 | -185.71 | -378.57 | -2561.9 | 13.12 | -4.86 | 29.26 |
| 23Q1 (14) | 0.14 | -41.67 | 133.33 | 15.26 | -10.76 | 38.35 | 1.81 | -69.78 | 134.35 | 5.14 | -20.8 | 387.15 | 2.86 | -12.8 | 132.46 | 0.79 | -24.76 | 158.09 | 0.50 | -20.63 | 186.21 | 0.13 | -7.14 | 62.5 | 12.29 | -2.54 | 33.3 | 122.39 | 1.46 | 12.51 | 36.36 | -60.47 | -88.52 | 66.67 | 733.33 | 133.33 | 13.79 | 30.46 | -21.65 |
| 22Q4 (13) | 0.24 | 84.62 | -33.33 | 17.10 | 13.77 | 45.66 | 5.99 | 159.31 | 630.49 | 6.49 | 54.89 | -24.27 | 3.28 | 46.43 | -23.36 | 1.05 | 41.89 | -7.08 | 0.63 | 31.25 | -12.5 | 0.14 | 0.0 | -6.67 | 12.61 | 22.19 | -16.55 | 120.63 | -7.09 | 64.57 | 92.00 | 64.63 | 801.6 | 8.00 | -81.87 | -91.09 | 10.57 | -16.04 | -14.41 |
| 22Q3 (12) | 0.13 | -71.11 | -79.69 | 15.03 | -9.4 | -20.69 | 2.31 | -60.38 | -66.86 | 4.19 | -23.54 | -54.16 | 2.24 | -53.33 | -69.93 | 0.74 | -53.16 | -65.09 | 0.48 | -44.19 | -61.29 | 0.14 | -6.67 | -6.67 | 10.32 | -12.17 | -33.07 | 129.84 | -3.3 | 45.82 | 55.88 | -47.76 | -26.4 | 44.12 | 732.35 | 83.26 | 12.59 | 24.04 | -1.56 |
| 22Q2 (11) | 0.45 | 207.14 | -47.67 | 16.59 | 50.41 | -23.48 | 5.83 | 210.63 | -40.87 | 5.48 | 406.15 | -55.08 | 4.80 | 154.48 | -53.98 | 1.58 | 216.18 | -44.56 | 0.86 | 248.28 | -48.5 | 0.15 | 87.5 | 0.0 | 11.75 | 27.44 | -37.0 | 134.27 | 23.43 | 70.46 | 106.98 | -66.22 | 33.25 | -6.98 | 96.51 | -135.38 | 10.15 | -42.33 | -24.7 |
| 22Q1 (10) | -0.42 | -216.67 | -141.58 | 11.03 | -6.05 | -53.62 | -5.27 | -742.68 | -155.59 | -1.79 | -120.89 | -111.34 | -8.81 | -305.84 | -166.09 | -1.36 | -220.35 | -142.5 | -0.58 | -180.56 | -131.87 | 0.08 | -46.67 | -38.46 | 9.22 | -38.98 | -60.62 | 108.78 | 48.4 | 27.81 | 316.67 | 3003.33 | 430.07 | -200.00 | -322.73 | -596.77 | 17.60 | 42.51 | 8.11 |
| 21Q4 (9) | 0.36 | -43.75 | -52.0 | 11.74 | -38.05 | -55.29 | 0.82 | -88.24 | -91.88 | 8.57 | -6.24 | -44.39 | 4.28 | -42.55 | -52.07 | 1.13 | -46.7 | -46.45 | 0.72 | -41.94 | -41.46 | 0.15 | 0.0 | 15.38 | 15.11 | -2.01 | -34.98 | 73.30 | -17.68 | -15.6 | 10.20 | -86.56 | -84.37 | 89.80 | 273.0 | 158.61 | 12.35 | -3.44 | -29.87 |
| 21Q3 (8) | 0.64 | -25.58 | -46.67 | 18.95 | -12.59 | -35.85 | 6.97 | -29.31 | -54.71 | 9.14 | -25.08 | -50.08 | 7.45 | -28.57 | -50.79 | 2.12 | -25.61 | -43.32 | 1.24 | -25.75 | -43.64 | 0.15 | 0.0 | 7.14 | 15.42 | -17.32 | -41.37 | 89.04 | 13.04 | 1.16 | 75.93 | -5.43 | -9.71 | 24.07 | 22.09 | 51.32 | 12.79 | -5.12 | -14.1 |
| 21Q2 (7) | 0.86 | -14.85 | -17.31 | 21.68 | -8.83 | -19.01 | 9.86 | 4.01 | -29.97 | 12.20 | -22.74 | -27.51 | 10.43 | -21.76 | -34.98 | 2.85 | -10.94 | -24.2 | 1.67 | -8.24 | -24.09 | 0.15 | 15.38 | 15.38 | 18.65 | -20.33 | -25.73 | 78.77 | -7.45 | 8.45 | 80.28 | 34.38 | -4.18 | 19.72 | -51.02 | 21.6 | 13.48 | -17.2 | 0 |
| 21Q1 (6) | 1.01 | 34.67 | 1342.86 | 23.78 | -9.44 | 63.44 | 9.48 | -6.14 | 395.33 | 15.79 | 2.47 | 288.92 | 13.33 | 49.27 | 500.45 | 3.20 | 51.66 | 869.7 | 1.82 | 47.97 | 550.0 | 0.13 | 0.0 | 62.5 | 23.41 | 0.73 | 24.39 | 85.11 | -2.0 | -1.56 | 59.74 | -8.48 | 173.02 | 40.26 | 15.95 | -77.86 | 16.28 | -7.55 | -20.16 |
| 20Q4 (5) | 0.75 | -37.5 | 297.37 | 26.26 | -11.1 | 76.72 | 10.10 | -34.37 | 927.87 | 15.41 | -15.84 | 1567.62 | 8.93 | -41.02 | 232.69 | 2.11 | -43.58 | 259.85 | 1.23 | -44.09 | 319.64 | 0.13 | -7.14 | 30.0 | 23.24 | -11.63 | 134.98 | 86.85 | -1.33 | -5.1 | 65.28 | -22.37 | -34.72 | 34.72 | 118.25 | 238.89 | 17.61 | 18.27 | 7.71 |
| 20Q3 (4) | 1.20 | 15.38 | 0.0 | 29.54 | 10.35 | 0.0 | 15.39 | 9.3 | 0.0 | 18.31 | 8.79 | 0.0 | 15.14 | -5.61 | 0.0 | 3.74 | -0.53 | 0.0 | 2.20 | 0.0 | 0.0 | 0.14 | 7.69 | 0.0 | 26.30 | 4.74 | 0.0 | 88.02 | 21.19 | 0.0 | 84.09 | 0.37 | 0.0 | 15.91 | -1.89 | 0.0 | 14.89 | 0 | 0.0 |
| 20Q2 (3) | 1.04 | 1385.71 | 0.0 | 26.77 | 83.99 | 0.0 | 14.08 | 538.63 | 0.0 | 16.83 | 314.53 | 0.0 | 16.04 | 622.52 | 0.0 | 3.76 | 1039.39 | 0.0 | 2.20 | 685.71 | 0.0 | 0.13 | 62.5 | 0.0 | 25.11 | 33.42 | 0.0 | 72.63 | -16.0 | 0.0 | 83.78 | 202.4 | 0.0 | 16.22 | -91.08 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.07 | 118.42 | 0.0 | 14.55 | -2.09 | 0.0 | -3.21 | -163.11 | 0.0 | 4.06 | 486.67 | 0.0 | 2.22 | 132.99 | 0.0 | 0.33 | 125.0 | 0.0 | 0.28 | 150.0 | 0.0 | 0.08 | -20.0 | 0.0 | 18.82 | 90.29 | 0.0 | 86.46 | -5.53 | 0.0 | -81.82 | -181.82 | 0.0 | 181.82 | 827.27 | 0.0 | 20.39 | 24.71 | 0.0 |
| 19Q4 (1) | -0.38 | 0.0 | 0.0 | 14.86 | 0.0 | 0.0 | -1.22 | 0.0 | 0.0 | -1.05 | 0.0 | 0.0 | -6.73 | 0.0 | 0.0 | -1.32 | 0.0 | 0.0 | -0.56 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 9.89 | 0.0 | 0.0 | 91.52 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 16.35 | 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) | -3.08 | 0 | 11.78 | -24.2 | -2.26 | 0 | 5.59 | 11.61 | -0.16 | 0 | -7.63 | 0 | -9.13 | 0 | -3.24 | 0 | 0.52 | -11.86 | 7.23 | -35.68 | 141.12 | 16.99 | 1525.00 | 1910.99 | -1400.00 | 0 | 2.01 | 6.35 | 12.68 | 5.93 |
| 2022 (9) | 0.41 | -85.66 | 15.54 | -17.65 | 3.37 | -49.7 | 5.01 | 0.49 | 4.42 | -60.71 | 1.82 | -79.08 | 2.10 | -76.82 | 1.75 | -67.71 | 0.59 | 1.72 | 11.24 | -37.14 | 120.63 | 64.57 | 75.83 | 27.24 | 24.17 | -40.18 | 1.89 | 733.7 | 11.97 | -12.11 |
| 2021 (8) | 2.86 | -6.54 | 18.87 | -25.8 | 6.70 | -36.25 | 4.99 | -26.23 | 11.25 | -23.83 | 8.70 | -24.41 | 9.06 | -9.13 | 5.42 | -5.24 | 0.58 | 26.09 | 17.88 | -25.19 | 73.30 | -15.6 | 59.60 | -16.08 | 40.40 | 39.41 | 0.23 | -69.95 | 13.62 | -17.6 |
| 2020 (7) | 3.06 | 302.63 | 25.43 | 58.64 | 10.51 | 1568.25 | 6.76 | 0.07 | 14.77 | 213.59 | 11.51 | 261.95 | 9.97 | 209.63 | 5.72 | 181.77 | 0.46 | -2.13 | 23.90 | 69.38 | 86.85 | -5.1 | 71.02 | 461.06 | 28.98 | -66.33 | 0.75 | -44.65 | 16.53 | 8.18 |
| 2019 (6) | 0.76 | -86.57 | 16.03 | -22.41 | 0.63 | -94.35 | 6.75 | 305.26 | 4.71 | -66.36 | 3.18 | -76.46 | 3.22 | -87.51 | 2.03 | -79.52 | 0.47 | -31.88 | 14.11 | -19.37 | 91.52 | -38.3 | 12.66 | -84.1 | 86.08 | 322.01 | 1.36 | -23.49 | 15.28 | 34.27 |
| 2018 (5) | 5.66 | -38.41 | 20.66 | -17.75 | 11.15 | -21.2 | 1.67 | -0.79 | 14.00 | -20.23 | 13.51 | -19.25 | 25.79 | -34.36 | 9.91 | -20.15 | 0.69 | -1.43 | 17.50 | -17.88 | 148.34 | -30.05 | 79.60 | -1.24 | 20.40 | 5.16 | 1.78 | -22.51 | 11.38 | -10.25 |
| 2017 (4) | 9.19 | -22.25 | 25.12 | 3.04 | 14.15 | 21.88 | 1.68 | -14.44 | 17.55 | 11.71 | 16.73 | 8.14 | 39.29 | -32.54 | 12.41 | -6.2 | 0.70 | -11.39 | 21.31 | 5.5 | 212.07 | -22.62 | 80.60 | 9.21 | 19.40 | -25.94 | 2.30 | 0 | 12.68 | 8.19 |
| 2016 (3) | 11.82 | 68.38 | 24.38 | 32.79 | 11.61 | 44.22 | 1.96 | -79.88 | 15.71 | 99.62 | 15.47 | 111.63 | 58.24 | 27.44 | 13.23 | 117.24 | 0.79 | 25.4 | 20.20 | -13.86 | 274.06 | -53.33 | 73.81 | -27.86 | 26.19 | 0 | 0.00 | 0 | 11.72 | 13.9 |
| 2015 (2) | 7.02 | 0 | 18.36 | 0 | 8.05 | 0 | 9.76 | -72.88 | 7.87 | 0 | 7.31 | 0 | 45.70 | 0 | 6.09 | 0 | 0.63 | 96.88 | 23.45 | 61.39 | 587.20 | -64.62 | 102.31 | -2.38 | -2.31 | 0 | 0.00 | 0 | 10.29 | -24.73 |
| 2014 (1) | -0.61 | 0 | -18.42 | 0 | -31.72 | 0 | 35.98 | -31.34 | -30.32 | 0 | -33.58 | 0 | -104.36 | 0 | -9.17 | 0 | 0.32 | 0 | 14.53 | 707.22 | 1659.76 | 172.74 | 104.80 | 18.54 | -4.80 | 0 | 0.00 | 0 | 13.67 | 10.96 |
