- 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 | -333.33 | -425.0 | 8.14 | 29.21 | 1130.38 | -12.62 | -63.68 | -46.74 | -17.84 | -206.53 | -265.34 | -14.96 | -358.9 | -351.01 | -2.55 | -332.2 | -469.57 | -1.60 | -451.72 | -413.73 | 0.11 | -8.33 | 37.5 | -11.36 | -3345.71 | -182.02 | 53.80 | 16.85 | 3.3 | 69.39 | -46.38 | 185.71 | 28.57 | 197.14 | -84.21 | 11.31 | 10.88 | -14.96 |
| 24Q2 (19) | -0.12 | -170.59 | -20.0 | 6.30 | -10.64 | -49.28 | -7.71 | 7.11 | 60.03 | -5.82 | -186.48 | -55.2 | -3.26 | -172.44 | -9.4 | -0.59 | -175.64 | -31.11 | -0.29 | -146.03 | -61.11 | 0.12 | 9.09 | 33.33 | 0.35 | -97.3 | 139.77 | 46.04 | -12.07 | -11.21 | 129.41 | 206.91 | -76.47 | -29.41 | -113.31 | 93.28 | 10.20 | 2.41 | -29.41 |
| 24Q1 (18) | 0.17 | 125.37 | 70.0 | 7.05 | -63.7 | -49.82 | -8.30 | -3672.73 | -1192.11 | 6.73 | 127.49 | 223.56 | 4.50 | 121.28 | 73.08 | 0.78 | 125.91 | 50.0 | 0.63 | 132.98 | 65.79 | 0.11 | 22.22 | 0.0 | 12.95 | 170.46 | 180.3 | 52.36 | 0.1 | -33.67 | -121.05 | -7000.0 | -402.63 | 221.05 | 121.05 | 268.42 | 9.96 | -7.43 | 4.95 |
| 23Q4 (17) | -0.67 | -518.75 | -937.5 | 19.42 | 2558.23 | 49.16 | -0.22 | 97.44 | -104.09 | -24.48 | -326.88 | -2105.41 | -21.15 | -454.87 | -1988.39 | -3.01 | -536.23 | -852.5 | -1.91 | -474.51 | -716.13 | 0.09 | 12.5 | -52.63 | -18.38 | -232.71 | -4277.27 | 52.31 | 0.44 | -35.51 | 1.75 | 102.17 | 100.37 | 100.00 | -44.74 | -82.76 | 10.76 | -19.1 | 114.34 |
| 23Q3 (16) | 0.16 | 260.0 | -84.47 | -0.79 | -106.36 | -104.19 | -8.60 | 55.42 | -391.53 | 10.79 | 387.73 | -39.75 | 5.96 | 300.0 | -61.84 | 0.69 | 253.33 | -87.92 | 0.51 | 383.33 | -81.39 | 0.08 | -11.11 | -52.94 | 13.85 | 1673.86 | -30.58 | 52.08 | 0.44 | -44.89 | -80.95 | -114.72 | -592.46 | 180.95 | 141.36 | 116.55 | 13.30 | -7.96 | 54.11 |
| 23Q2 (15) | -0.10 | -200.0 | -130.3 | 12.42 | -11.6 | 17.73 | -19.29 | -2638.16 | -1592.11 | -3.75 | -280.29 | -147.65 | -2.98 | -214.62 | -147.99 | -0.45 | -186.54 | -121.74 | -0.18 | -147.37 | -117.14 | 0.09 | -18.18 | -40.0 | -0.88 | -119.05 | -108.64 | 51.85 | -34.32 | -65.67 | 550.00 | 1275.0 | 3537.5 | -437.50 | -829.17 | -490.62 | 14.45 | 52.27 | 94.74 |
| 23Q1 (14) | 0.10 | 25.0 | -87.5 | 14.05 | 7.91 | -21.11 | 0.76 | -85.87 | -90.31 | 2.08 | 287.39 | -87.86 | 2.60 | 132.14 | -83.01 | 0.52 | 30.0 | -90.04 | 0.38 | 22.58 | -86.67 | 0.11 | -42.11 | -38.89 | 4.62 | 950.0 | -75.8 | 78.94 | -2.68 | -15.99 | 40.00 | 108.33 | -11.67 | 60.00 | -89.66 | 9.66 | 9.49 | 89.04 | 21.36 |
| 22Q4 (13) | 0.08 | -92.23 | 134.78 | 13.02 | -31.0 | 84.42 | 5.38 | 82.37 | 207.6 | -1.11 | -106.2 | 80.07 | 1.12 | -92.83 | 122.86 | 0.40 | -92.99 | 127.21 | 0.31 | -88.69 | 143.06 | 0.19 | 11.76 | 11.76 | 0.44 | -97.79 | 112.9 | 81.11 | -14.17 | -4.57 | -480.00 | -3020.0 | -653.85 | 580.00 | 594.1 | 4250.0 | 5.02 | -41.83 | -41.63 |
| 22Q3 (12) | 1.03 | 212.12 | 412.12 | 18.87 | 78.86 | 1526.72 | 2.95 | 358.77 | 143.13 | 17.91 | 127.57 | 405.11 | 15.62 | 151.53 | 373.08 | 5.71 | 175.85 | 360.73 | 2.74 | 160.95 | 338.26 | 0.17 | 13.33 | -22.73 | 19.95 | 95.78 | 587.78 | 94.50 | -37.43 | 27.32 | 16.44 | 202.74 | -85.71 | 83.56 | -25.39 | 657.08 | 8.63 | 16.31 | 38.08 |
| 22Q2 (11) | 0.33 | -58.75 | 175.0 | 10.55 | -40.76 | 80.96 | -1.14 | -114.54 | 81.7 | 7.87 | -54.08 | 168.85 | 6.21 | -59.41 | 159.26 | 2.07 | -60.34 | 162.35 | 1.05 | -63.16 | 164.81 | 0.15 | -16.67 | -11.76 | 10.19 | -46.62 | 212.6 | 151.03 | 60.74 | 97.22 | -16.00 | -135.33 | -129.71 | 112.00 | 104.69 | 142.67 | 7.42 | -5.12 | -25.35 |
| 22Q1 (10) | 0.80 | 447.83 | 463.64 | 17.81 | 152.27 | -20.35 | 7.84 | 256.8 | 150.19 | 17.14 | 407.72 | 221.56 | 15.30 | 412.24 | 191.73 | 5.22 | 455.1 | 357.14 | 2.85 | 495.83 | 390.82 | 0.18 | 5.88 | 200.0 | 19.09 | 659.82 | 316.44 | 93.96 | 10.55 | -18.86 | 45.28 | -47.75 | -58.83 | 54.72 | 310.38 | 647.17 | 7.82 | -9.07 | -73.15 |
| 21Q4 (9) | -0.23 | 30.3 | 58.18 | 7.06 | 508.62 | -38.02 | -5.00 | 26.9 | 86.8 | -5.57 | 5.11 | 89.62 | -4.90 | 14.34 | 89.97 | -1.47 | 32.88 | 70.0 | -0.72 | 37.39 | 75.09 | 0.17 | -22.73 | 183.33 | -3.41 | 16.63 | 92.8 | 84.99 | 14.51 | 18.87 | 86.67 | -24.64 | 22.12 | 13.33 | 188.89 | -54.07 | 8.60 | 37.6 | -72.38 |
| 21Q3 (8) | -0.33 | 25.0 | 23.26 | 1.16 | -80.1 | -87.67 | -6.84 | -9.79 | 62.27 | -5.87 | 48.64 | 79.67 | -5.72 | 45.42 | 78.6 | -2.19 | 34.04 | 40.16 | -1.15 | 29.01 | 49.56 | 0.22 | 29.41 | 144.44 | -4.09 | 54.81 | 83.43 | 74.22 | -3.08 | 26.79 | 115.00 | 113.57 | 76.33 | -15.00 | -132.5 | -138.33 | 6.25 | -37.12 | -67.93 |
| 21Q2 (7) | -0.44 | -100.0 | -100.0 | 5.83 | -73.93 | -76.64 | -6.23 | 60.12 | 48.89 | -11.43 | 18.94 | 26.5 | -10.48 | 37.17 | 42.23 | -3.32 | -63.55 | -85.47 | -1.62 | -65.31 | -48.62 | 0.17 | 183.33 | 183.33 | -9.05 | -2.61 | 9.5 | 76.58 | -33.87 | 44.74 | 53.85 | -51.05 | -30.77 | 46.15 | 561.54 | 107.69 | 9.94 | -65.88 | 0 |
| 21Q1 (6) | -0.22 | 60.0 | -22.22 | 22.36 | 96.31 | 86.49 | -15.62 | 58.75 | 57.8 | -14.10 | 73.73 | 22.23 | -16.68 | 65.85 | 11.89 | -2.03 | 58.57 | -38.1 | -0.98 | 66.09 | -8.89 | 0.06 | 0.0 | 20.0 | -8.82 | 81.38 | 13.53 | 115.80 | 61.96 | 107.68 | 110.00 | 55.0 | -45.0 | -10.00 | -134.44 | 90.0 | 29.13 | -6.45 | 6.9 |
| 20Q4 (5) | -0.55 | -27.91 | 17.91 | 11.39 | 21.04 | -6.26 | -37.87 | -108.88 | -95.41 | -53.67 | -85.9 | -13.23 | -48.84 | -82.72 | 22.43 | -4.90 | -33.88 | 0.81 | -2.89 | -26.75 | 12.42 | 0.06 | -33.33 | 0.0 | -47.37 | -91.86 | -16.27 | 71.50 | 22.14 | 54.43 | 70.97 | 8.82 | 84.52 | 29.03 | -25.81 | -49.68 | 31.14 | 59.77 | 86.91 |
| 20Q3 (4) | -0.43 | -95.45 | 0.0 | 9.41 | -62.3 | 0.0 | -18.13 | -48.73 | 0.0 | -28.87 | -85.66 | 0.0 | -26.73 | -47.35 | 0.0 | -3.66 | -104.47 | 0.0 | -2.28 | -109.17 | 0.0 | 0.09 | 50.0 | 0.0 | -24.69 | -146.9 | 0.0 | 58.54 | 10.64 | 0.0 | 65.22 | -16.15 | 0.0 | 39.13 | 76.09 | 0.0 | 19.49 | 0 | 0.0 |
| 20Q2 (3) | -0.22 | -22.22 | 0.0 | 24.96 | 108.17 | 0.0 | -12.19 | 67.06 | 0.0 | -15.55 | 14.23 | 0.0 | -18.14 | 4.17 | 0.0 | -1.79 | -21.77 | 0.0 | -1.09 | -21.11 | 0.0 | 0.06 | 20.0 | 0.0 | -10.00 | 1.96 | 0.0 | 52.91 | -5.11 | 0.0 | 77.78 | -61.11 | 0.0 | 22.22 | 122.22 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.18 | 73.13 | 0.0 | 11.99 | -1.32 | 0.0 | -37.01 | -90.97 | 0.0 | -18.13 | 61.75 | 0.0 | -18.93 | 69.93 | 0.0 | -1.47 | 70.24 | 0.0 | -0.90 | 72.73 | 0.0 | 0.05 | -16.67 | 0.0 | -10.20 | 74.96 | 0.0 | 55.76 | 20.43 | 0.0 | 200.00 | 420.0 | 0.0 | -100.00 | -273.33 | 0.0 | 27.25 | 63.57 | 0.0 |
| 19Q4 (1) | -0.67 | 0.0 | 0.0 | 12.15 | 0.0 | 0.0 | -19.38 | 0.0 | 0.0 | -47.40 | 0.0 | 0.0 | -62.96 | 0.0 | 0.0 | -4.94 | 0.0 | 0.0 | -3.30 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -40.74 | 0.0 | 0.0 | 46.30 | 0.0 | 0.0 | 38.46 | 0.0 | 0.0 | 57.69 | 0.0 | 0.0 | 16.66 | 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) | -0.50 | 0 | 11.85 | -21.52 | -6.44 | 0 | 2.62 | 142.95 | -4.29 | 0 | -4.13 | 0 | -2.62 | 0 | -1.27 | 0 | 0.38 | -49.33 | -0.55 | 0 | 52.31 | -35.51 | 151.28 | 284.84 | -51.28 | 0 | 0.00 | 0 | 11.85 | 66.9 |
| 2022 (9) | 2.20 | 0 | 15.10 | 166.31 | 3.84 | 0 | 1.08 | -30.13 | 9.81 | 0 | 9.13 | 0 | 12.51 | 0 | 7.35 | 0 | 0.75 | 7.14 | 11.81 | 0 | 81.11 | -4.57 | 39.31 | -54.98 | 60.69 | 378.77 | 0.00 | 0 | 7.10 | -26.04 |
| 2021 (8) | -1.22 | 0 | 5.67 | -60.01 | -6.81 | 0 | 1.55 | -65.3 | -7.83 | 0 | -7.53 | 0 | -9.49 | 0 | -4.86 | 0 | 0.70 | 169.23 | -5.52 | 0 | 84.99 | 18.87 | 87.32 | 1.41 | 12.68 | -8.73 | 0.00 | 0 | 9.60 | -61.46 |
| 2020 (7) | -1.37 | 0 | 14.18 | 0 | -24.99 | 0 | 4.45 | -47.83 | -29.21 | 0 | -28.19 | 0 | -11.67 | 0 | -7.09 | 0 | 0.26 | 30.0 | -23.48 | 0 | 71.50 | 54.43 | 86.11 | -17.8 | 13.89 | 0 | 0.00 | 0 | 24.91 | -24.08 |
| 2019 (6) | 4.81 | 0 | -2.98 | 0 | -53.49 | 0 | 8.54 | 93.02 | -51.42 | 0 | 148.67 | 0 | -17.48 | 0 | -10.89 | 0 | 0.20 | -63.64 | -41.46 | 0 | 46.30 | -35.59 | 104.76 | -9.36 | -3.57 | 0 | 0.00 | 0 | 32.81 | 101.04 |
| 2018 (5) | -1.34 | 0 | 1.85 | -55.31 | -21.75 | 0 | 4.42 | 101.11 | -18.90 | 0 | -16.75 | 0 | -15.68 | 0 | -8.91 | 0 | 0.55 | -28.57 | -13.76 | 0 | 71.88 | 3.5 | 115.58 | 38.14 | -15.58 | 0 | 0.29 | 0 | 16.32 | 77.2 |
| 2017 (4) | -1.77 | 0 | 4.14 | -7.17 | -9.45 | 0 | 2.20 | 75.72 | -11.39 | 0 | -10.38 | 0 | -17.42 | 0 | -7.74 | 0 | 0.77 | -31.25 | -8.80 | 0 | 69.45 | -56.82 | 83.67 | -10.01 | 17.35 | 147.19 | 0.00 | 0 | 9.21 | 41.04 |
| 2016 (3) | -1.93 | 0 | 4.46 | 328.85 | -6.31 | 0 | 1.25 | 15.76 | -6.80 | 0 | -5.86 | 0 | -15.98 | 0 | -6.22 | 0 | 1.12 | -8.94 | -5.13 | 0 | 160.84 | 24.42 | 92.98 | -21.77 | 7.02 | 0 | 0.00 | 0 | 6.53 | -9.56 |
| 2015 (2) | -2.25 | 0 | 1.04 | -68.2 | -6.53 | 0 | 1.08 | 52.62 | -5.51 | 0 | -5.23 | 0 | -15.88 | 0 | -6.09 | 0 | 1.23 | -34.92 | -4.01 | 0 | 129.27 | -19.14 | 118.85 | -72.27 | -18.85 | 0 | 0.00 | 0 | 7.22 | 5.09 |
| 2014 (1) | -0.60 | 0 | 3.27 | 0 | -2.76 | 0 | 0.71 | -56.12 | -0.65 | 0 | -0.93 | 0 | -4.13 | 0 | -1.39 | 0 | 1.89 | 114.77 | 0.34 | 0 | 159.86 | 48.22 | 428.57 | 101.97 | -328.57 | 0 | 0.00 | 0 | 6.87 | -42.12 |
