- 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) | -1.18 | -96.67 | 70.2 | 10.07 | -51.98 | 18.05 | -7.68 | -200.26 | -20.19 | -10.07 | -237.92 | 69.94 | -9.50 | -106.07 | 71.85 | -9.67 | -58.78 | 70.55 | -0.41 | -213.89 | 86.94 | 0.16 | -5.88 | 23.08 | 8.76 | -38.53 | 186.39 | 459.38 | -31.42 | -43.27 | 75.97 | 129.95 | 296.85 | 24.03 | -93.21 | -70.28 | 6.24 | 15.56 | -14.17 |
| 24Q2 (19) | -0.60 | 79.73 | 69.7 | 20.97 | 43.24 | 23.06 | 7.66 | 2635.71 | 192.37 | -2.98 | 87.0 | 79.07 | -4.61 | 80.07 | 69.69 | -6.09 | 74.06 | 52.05 | 0.36 | 114.34 | 133.03 | 0.17 | 6.25 | 21.43 | 14.25 | 425.34 | 162.43 | 669.89 | 1.68 | 19.34 | -253.66 | -18480.49 | -1295.12 | 353.66 | 248.9 | 197.72 | 5.40 | -11.04 | -18.31 |
| 24Q1 (18) | -2.96 | -555.38 | -72.09 | 14.64 | 21.39 | 436.26 | 0.28 | 112.61 | 102.33 | -22.92 | -641.84 | -35.86 | -23.13 | -644.24 | -62.66 | -23.48 | -579.18 | -144.33 | -2.51 | -234.95 | -191.86 | 0.16 | -5.88 | 23.08 | -4.38 | -119.77 | -224.79 | 658.79 | 41.33 | 46.27 | -1.37 | 97.36 | -101.92 | 101.37 | -33.19 | 256.73 | 6.07 | 11.79 | -17.53 |
| 23Q4 (17) | 0.65 | 116.41 | 169.89 | 12.06 | 41.38 | 387.14 | -2.22 | 65.26 | 90.99 | 4.23 | 112.63 | 124.25 | 4.25 | 112.59 | 138.29 | 4.90 | 114.93 | 186.57 | 1.86 | 159.24 | 1340.0 | 0.17 | 30.77 | 88.89 | 22.15 | 318.44 | 132.91 | 466.13 | -42.44 | 11.62 | -51.72 | -370.2 | -136.64 | 151.72 | 87.64 | 468.47 | 5.43 | -25.31 | -40.66 |
| 23Q3 (16) | -3.96 | -100.0 | 32.19 | 8.53 | -49.94 | 405.73 | -6.39 | -343.89 | 75.01 | -33.50 | -135.25 | 60.36 | -33.75 | -121.89 | 58.69 | -32.83 | -158.5 | -4.92 | -3.14 | -188.07 | 45.3 | 0.13 | -7.14 | 62.5 | -10.14 | -286.74 | 82.29 | 809.77 | 44.26 | 67.68 | 19.14 | 205.29 | -36.74 | 80.86 | -31.93 | 15.94 | 7.27 | 9.98 | -33.24 |
| 23Q2 (15) | -1.98 | -15.12 | -67.8 | 17.04 | 524.18 | -10.22 | 2.62 | 121.78 | 158.22 | -14.24 | 15.59 | -33.33 | -15.21 | -6.96 | -50.15 | -12.70 | -32.15 | -147.08 | -1.09 | -26.74 | -31.33 | 0.14 | 7.69 | 7.69 | 5.43 | 54.7 | 37.47 | 561.32 | 24.63 | 70.76 | -18.18 | -125.59 | -143.18 | 118.79 | 318.04 | 105.18 | 6.61 | -10.19 | 8.36 |
| 23Q1 (14) | -1.72 | -84.95 | -93.26 | 2.73 | 165.0 | -85.8 | -12.03 | 51.18 | -3438.24 | -16.87 | 3.27 | -123.15 | -14.22 | -28.11 | -113.83 | -9.61 | -69.79 | -137.28 | -0.86 | -473.33 | -53.57 | 0.13 | 44.44 | -13.33 | 3.51 | -63.09 | -16.82 | 450.38 | 7.85 | 57.93 | 71.04 | -49.68 | 1658.2 | 28.42 | 169.01 | -70.07 | 7.36 | -19.56 | 18.14 |
| 22Q4 (13) | -0.93 | 84.08 | -156.71 | -4.20 | -50.54 | -115.58 | -24.64 | 3.64 | -388.19 | -17.44 | 79.36 | -326.79 | -11.10 | 86.41 | -235.04 | -5.66 | 81.91 | -173.22 | -0.15 | 97.39 | -107.43 | 0.09 | 12.5 | -55.0 | 9.51 | 116.61 | -41.19 | 417.61 | -13.52 | 34.41 | 141.18 | 366.57 | 27.26 | -41.18 | -159.04 | -276.47 | 9.15 | -15.98 | 113.29 |
| 22Q3 (12) | -5.84 | -394.92 | -458.28 | -2.79 | -114.7 | -109.28 | -25.57 | -468.22 | -300.39 | -84.51 | -691.29 | -789.31 | -81.70 | -706.52 | -826.87 | -31.29 | -508.75 | -467.69 | -5.74 | -591.57 | -388.44 | 0.08 | -38.46 | -46.67 | -57.25 | -1549.37 | -348.48 | 482.92 | 46.91 | 8.67 | 30.26 | -28.14 | -70.93 | 69.74 | 20.46 | 1808.67 | 10.89 | 78.52 | 67.28 |
| 22Q2 (11) | -1.18 | -32.58 | -163.1 | 18.98 | -1.3 | -27.36 | -4.50 | -1223.53 | -142.82 | -10.68 | -41.27 | -189.15 | -10.13 | -52.33 | -204.11 | -5.14 | -26.91 | -158.08 | -0.83 | -48.21 | -138.07 | 0.13 | -13.33 | -31.58 | 3.95 | -6.4 | -80.48 | 328.72 | 15.27 | -15.36 | 42.11 | 942.11 | -51.88 | 57.89 | -39.03 | 383.3 | 6.10 | -2.09 | 32.9 |
| 22Q1 (10) | -0.89 | -154.27 | -81.63 | 19.23 | -28.67 | 66.49 | -0.34 | -103.98 | 91.01 | -7.56 | -198.31 | -71.43 | -6.65 | -180.9 | -100.3 | -4.05 | -152.39 | -88.37 | -0.56 | -127.72 | -229.41 | 0.15 | -25.0 | 0.0 | 4.22 | -73.9 | -29.78 | 285.18 | -8.21 | -22.55 | 4.04 | -96.36 | -95.3 | 94.95 | 968.11 | 576.52 | 6.23 | 45.22 | 11.85 |
| 21Q4 (9) | 1.64 | 0.61 | 360.32 | 26.96 | -10.37 | 236.16 | 8.55 | -32.99 | 275.2 | 7.69 | -37.28 | 238.31 | 8.22 | -26.87 | 282.26 | 7.73 | -9.17 | 391.7 | 2.02 | 1.51 | 751.61 | 0.20 | 33.33 | 42.86 | 16.17 | -29.82 | 186.19 | 310.70 | -30.08 | 1.44 | 110.94 | 6.59 | 25.73 | -10.94 | -167.97 | -192.97 | 4.29 | -34.1 | -27.78 |
| 21Q3 (8) | 1.63 | -12.83 | 69.79 | 30.08 | 15.12 | 47.52 | 12.76 | 21.41 | 92.17 | 12.26 | 2.34 | 63.03 | 11.24 | 15.52 | 47.7 | 8.51 | -3.84 | 130.62 | 1.99 | -8.72 | 59.2 | 0.15 | -21.05 | 25.0 | 23.04 | 13.83 | 9.51 | 444.39 | 14.43 | 36.61 | 104.08 | 18.95 | 17.86 | -4.08 | -134.07 | -134.92 | 6.51 | 41.83 | 0 |
| 21Q2 (7) | 1.87 | 481.63 | 1538.46 | 26.13 | 126.23 | 79.1 | 10.51 | 378.04 | 459.93 | 11.98 | 371.66 | 487.7 | 9.73 | 393.07 | 576.96 | 8.85 | 511.63 | 1401.47 | 2.18 | 1382.35 | 4260.0 | 0.19 | 26.67 | 137.5 | 20.24 | 236.77 | 74.78 | 388.36 | 5.48 | 33.25 | 87.50 | 1.79 | -8.12 | 11.98 | -14.65 | 151.56 | 4.59 | -17.59 | 0 |
| 21Q1 (6) | -0.49 | 22.22 | 9.26 | 11.55 | 44.01 | 106.62 | -3.78 | 22.54 | 69.83 | -4.41 | 20.68 | 41.28 | -3.32 | 26.39 | 54.64 | -2.15 | 18.87 | -16.22 | -0.17 | 45.16 | 51.43 | 0.15 | 7.14 | 114.29 | 6.01 | 6.37 | -6.53 | 368.20 | 20.22 | 18.67 | 85.96 | -2.57 | -48.66 | 14.04 | 19.3 | 120.81 | 5.57 | -6.23 | -47.94 |
| 20Q4 (5) | -0.63 | -165.62 | 57.72 | 8.02 | -60.67 | 473.02 | -4.88 | -173.49 | 76.65 | -5.56 | -173.94 | 63.42 | -4.51 | -159.26 | 73.82 | -2.65 | -171.82 | 36.45 | -0.31 | -124.8 | 72.07 | 0.14 | 16.67 | 100.0 | 5.65 | -73.15 | 362.79 | 306.28 | -5.84 | 31.9 | 88.24 | -0.09 | -35.77 | 11.76 | 0.65 | 131.48 | 5.94 | 0 | -44.59 |
| 20Q3 (4) | 0.96 | 838.46 | 0.0 | 20.39 | 39.75 | 0.0 | 6.64 | 327.4 | 0.0 | 7.52 | 343.37 | 0.0 | 7.61 | 473.04 | 0.0 | 3.69 | 642.65 | 0.0 | 1.25 | 2400.0 | 0.0 | 0.12 | 50.0 | 0.0 | 21.04 | 81.69 | 0.0 | 325.29 | 11.61 | 0.0 | 88.31 | -7.27 | 0.0 | 11.69 | 145.45 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | -0.13 | 75.93 | 0.0 | 14.59 | 161.0 | 0.0 | -2.92 | 76.7 | 0.0 | -3.09 | 58.85 | 0.0 | -2.04 | 72.13 | 0.0 | -0.68 | 63.24 | 0.0 | 0.05 | 114.29 | 0.0 | 0.08 | 14.29 | 0.0 | 11.58 | 80.09 | 0.0 | 291.45 | -6.07 | 0.0 | 95.24 | -43.12 | 0.0 | 4.76 | 107.06 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.54 | 63.76 | 0.0 | 5.59 | 360.0 | 0.0 | -12.53 | 40.05 | 0.0 | -7.51 | 50.59 | 0.0 | -7.32 | 57.52 | 0.0 | -1.85 | 55.64 | 0.0 | -0.35 | 68.47 | 0.0 | 0.07 | 0.0 | 0.0 | 6.43 | 399.07 | 0.0 | 310.27 | 33.62 | 0.0 | 167.44 | 21.89 | 0.0 | -67.44 | -80.45 | 0.0 | 10.70 | -0.19 | 0.0 |
| 19Q4 (1) | -1.49 | 0.0 | 0.0 | -2.15 | 0.0 | 0.0 | -20.90 | 0.0 | 0.0 | -15.20 | 0.0 | 0.0 | -17.23 | 0.0 | 0.0 | -4.17 | 0.0 | 0.0 | -1.11 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -2.15 | 0.0 | 0.0 | 232.20 | 0.0 | 0.0 | 137.37 | 0.0 | 0.0 | -37.37 | 0.0 | 0.0 | 10.72 | 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) | -6.98 | 0 | 10.34 | -2.64 | -4.23 | 0 | 10.44 | -9.55 | -13.75 | 0 | -13.42 | 0 | -39.88 | 0 | -3.17 | 0 | 0.55 | 25.0 | 6.40 | 0 | 466.13 | 11.62 | 30.78 | -32.85 | 69.22 | 27.81 | 0.29 | -17.05 | 6.58 | -13.19 |
| 2022 (9) | -8.82 | 0 | 10.62 | -55.56 | -10.77 | 0 | 11.54 | 70.68 | -23.50 | 0 | -21.25 | 0 | -43.34 | 0 | -7.08 | 0 | 0.44 | -34.33 | -5.15 | 0 | 417.61 | 34.41 | 45.84 | -54.71 | 54.16 | 0 | 0.35 | -13.86 | 7.58 | 48.05 |
| 2021 (8) | 4.62 | 0 | 23.90 | 91.05 | 7.19 | 0 | 6.76 | -29.68 | 7.11 | 0 | 6.67 | 0 | 18.19 | 0 | 5.77 | 801.56 | 0.67 | 67.5 | 16.45 | 44.05 | 310.70 | 1.44 | 101.22 | -32.52 | -1.22 | 0 | 0.40 | -17.21 | 5.12 | -31.55 |
| 2020 (7) | -0.27 | 0 | 12.51 | 98.89 | -2.40 | 0 | 9.62 | 7.56 | -1.59 | 0 | -0.97 | 0 | -1.42 | 0 | 0.64 | 0 | 0.40 | 21.21 | 11.42 | 0 | 306.28 | 31.9 | 150.00 | 86.38 | -50.00 | 0 | 0.49 | -8.48 | 7.48 | -19.91 |
| 2019 (6) | -4.18 | 0 | 6.29 | -50.16 | -9.54 | 0 | 8.94 | 29.64 | -11.86 | 0 | -11.38 | 0 | -12.13 | 0 | -3.06 | 0 | 0.33 | -13.16 | 0.00 | 0 | 232.20 | 10.25 | 80.48 | -44.71 | 19.52 | 0 | 0.53 | -7.82 | 9.34 | 22.73 |
| 2018 (5) | -1.35 | 0 | 12.62 | -56.93 | -3.57 | 0 | 6.90 | 20.57 | -2.45 | 0 | -3.00 | 0 | -3.40 | 0 | -0.41 | 0 | 0.38 | -25.49 | 7.02 | -76.34 | 210.62 | 10.84 | 145.57 | 84.42 | -45.57 | 0 | 0.58 | 0 | 7.61 | 29.86 |
| 2017 (4) | 9.48 | 32.77 | 29.30 | -17.93 | 17.12 | -23.5 | 5.72 | 1.22 | 21.66 | 3.79 | 20.43 | 10.43 | 25.88 | 13.46 | 11.26 | -10.21 | 0.51 | -17.74 | 29.67 | 3.2 | 190.03 | 85.92 | 78.93 | -26.42 | 20.93 | 0 | 0.00 | 0 | 5.86 | -33.86 |
| 2016 (3) | 7.14 | 70.0 | 35.70 | 20.2 | 22.38 | 47.53 | 5.65 | 13.5 | 20.87 | 47.91 | 18.50 | 33.57 | 22.81 | 59.4 | 12.54 | 54.62 | 0.62 | 14.81 | 28.75 | 38.96 | 102.21 | 5.88 | 107.28 | -0.33 | -7.28 | 0 | 0.00 | 0 | 8.86 | -8.57 |
| 2015 (2) | 4.20 | 6.87 | 29.70 | 14.94 | 15.17 | 15.71 | 4.98 | 22.55 | 14.11 | 30.89 | 13.85 | 28.36 | 14.31 | -15.33 | 8.11 | -22.91 | 0.54 | -37.93 | 20.69 | 26.0 | 96.53 | 9.58 | 107.64 | -11.65 | -7.64 | 0 | 0.00 | 0 | 9.69 | 28.17 |
| 2014 (1) | 3.93 | 51.15 | 25.84 | 0 | 13.11 | 0 | 4.06 | 2.69 | 10.78 | 0 | 10.79 | 0 | 16.90 | 0 | 10.52 | 0 | 0.87 | -17.14 | 16.42 | 36.83 | 88.09 | 29.26 | 121.83 | -4.95 | -21.83 | 0 | 0.00 | 0 | 7.56 | -2.58 |
