- 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) | -0.01 | -104.76 | -104.0 | 12.15 | -51.71 | -49.48 | 4.75 | -70.97 | -73.22 | 5.64 | -59.04 | -41.43 | 4.69 | -53.24 | -36.62 | 0.48 | -44.19 | -45.45 | 0.43 | -33.85 | -31.75 | 0.05 | 25.0 | 0.0 | 15.54 | -41.18 | -23.49 | 93.62 | -1.82 | -18.0 | 84.44 | -29.37 | -54.35 | 15.56 | 184.18 | 118.57 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.21 | -74.07 | 362.5 | 25.16 | -38.8 | 73.88 | 16.36 | -50.62 | 72.57 | 13.77 | -52.4 | 147.66 | 10.03 | -55.83 | 511.59 | 0.86 | -61.09 | 258.33 | 0.65 | -50.38 | 91.18 | 0.04 | -20.0 | -42.86 | 26.42 | -34.6 | 87.24 | 95.36 | 1.3 | -19.29 | 119.57 | 4.56 | -30.65 | -18.48 | -28.75 | 73.86 | 18.05 | 4.94 | 50.79 |
| 24Q1 (18) | 0.81 | 237.5 | 640.0 | 41.11 | 142.39 | 216.96 | 33.13 | 223.54 | 331.38 | 28.93 | 147.48 | 496.49 | 22.71 | 179.34 | 1365.16 | 2.21 | 132.63 | 952.38 | 1.31 | 92.65 | 322.58 | 0.05 | -16.67 | -16.67 | 40.40 | 81.49 | 186.12 | 94.14 | -11.99 | -18.25 | 114.35 | 30.12 | -27.94 | -14.35 | -218.4 | 75.55 | 17.20 | 19.78 | 30.11 |
| 23Q4 (17) | 0.24 | -4.0 | 134.29 | 16.96 | -29.48 | 3668.89 | 10.24 | -42.28 | 315.58 | 11.69 | 21.39 | 224.63 | 8.13 | 9.86 | 225.66 | 0.95 | 7.95 | 190.48 | 0.68 | 7.94 | 351.85 | 0.06 | 20.0 | -14.29 | 22.26 | 9.6 | 1491.25 | 106.96 | -6.32 | -11.99 | 87.88 | -52.5 | 72.5 | 12.12 | 114.47 | -75.29 | 14.36 | 6.45 | 22.01 |
| 23Q3 (16) | 0.25 | 412.5 | 113.02 | 24.05 | 66.21 | 242.48 | 17.74 | 87.13 | 175.75 | 9.63 | 73.2 | 135.59 | 7.40 | 351.22 | 127.0 | 0.88 | 266.67 | 125.43 | 0.63 | 85.29 | 143.45 | 0.05 | -28.57 | -16.67 | 20.31 | 43.94 | 216.79 | 114.17 | -3.37 | 0.47 | 185.00 | 7.3 | 112.92 | -83.75 | -18.48 | -719.24 | 13.49 | 12.7 | -2.95 |
| 23Q2 (15) | -0.08 | 46.67 | -161.54 | 14.47 | 11.57 | -6.71 | 9.48 | 23.44 | -16.11 | 5.56 | 14.64 | -13.93 | 1.64 | 5.81 | -54.7 | 0.24 | 14.29 | -55.56 | 0.34 | 9.68 | -24.44 | 0.07 | 16.67 | 0.0 | 14.11 | -0.07 | 1.44 | 118.15 | 2.61 | 8.42 | 172.41 | 8.64 | -1.28 | -70.69 | -20.43 | 5.3 | 11.97 | -9.46 | 8.92 |
| 23Q1 (14) | -0.15 | 78.57 | -125.42 | 12.97 | 2782.22 | -57.82 | 7.68 | 261.68 | -66.24 | 4.85 | 151.71 | -74.05 | 1.55 | 123.96 | -89.04 | 0.21 | 120.0 | -86.09 | 0.31 | 214.81 | -65.56 | 0.06 | -14.29 | 20.0 | 14.12 | 982.5 | -50.96 | 115.15 | -5.25 | 10.13 | 158.70 | 211.51 | 30.48 | -58.70 | -219.65 | -171.47 | 13.22 | 12.32 | -22.78 |
| 22Q4 (13) | -0.70 | 63.54 | -638.46 | 0.45 | 102.67 | -98.24 | -4.75 | 79.72 | -122.77 | -9.38 | 65.34 | -178.3 | -6.47 | 76.4 | -202.54 | -1.05 | 69.65 | -210.53 | -0.27 | 81.38 | -140.91 | 0.07 | 16.67 | 0.0 | -1.60 | 90.8 | -107.84 | 121.53 | 6.94 | 8.39 | 50.94 | -41.37 | -70.76 | 49.06 | 262.72 | 166.08 | 11.77 | -15.32 | 2.26 |
| 22Q3 (12) | -1.92 | -1576.92 | -568.29 | -16.88 | -208.83 | -170.81 | -23.42 | -307.26 | -237.6 | -27.06 | -518.89 | -274.69 | -27.41 | -857.18 | -352.39 | -3.46 | -740.74 | -385.95 | -1.45 | -422.22 | -304.23 | 0.06 | -14.29 | 20.0 | -17.39 | -225.02 | -168.38 | 113.64 | 4.29 | -8.62 | 86.89 | -50.25 | -21.24 | 13.52 | 118.12 | 242.01 | 13.90 | 26.48 | -1.56 |
| 22Q2 (11) | 0.13 | -77.97 | 161.9 | 15.51 | -49.56 | 19.68 | 11.30 | -50.33 | 43.22 | 6.46 | -65.44 | 50.93 | 3.62 | -74.4 | 3520.0 | 0.54 | -64.24 | 5300.0 | 0.45 | -50.0 | 164.71 | 0.07 | 40.0 | 40.0 | 13.91 | -51.68 | 1.46 | 108.97 | 4.22 | -7.98 | 174.65 | 43.6 | -4.97 | -74.65 | -245.25 | 10.9 | 10.99 | -35.81 | -19.01 |
| 22Q1 (10) | 0.59 | 353.85 | -45.37 | 30.75 | 20.21 | 18.0 | 22.75 | 9.06 | 7.26 | 18.69 | 56.01 | 1.03 | 14.14 | 124.09 | -6.79 | 1.51 | 58.95 | -38.62 | 0.90 | 36.36 | -29.69 | 0.05 | -28.57 | -28.57 | 28.79 | 41.13 | 13.79 | 104.56 | -6.74 | -10.73 | 121.62 | -30.2 | 6.05 | -21.62 | 70.88 | -47.3 | 17.12 | 48.74 | 58.52 |
| 21Q4 (9) | 0.13 | -68.29 | 124.53 | 25.58 | 7.3 | 166.18 | 20.86 | 22.56 | 277.22 | 11.98 | -22.66 | 3021.95 | 6.31 | -41.9 | 318.34 | 0.95 | -21.49 | 293.88 | 0.66 | -7.04 | 1420.0 | 0.07 | 40.0 | -12.5 | 20.40 | -19.78 | 205.39 | 112.12 | -9.84 | -7.43 | 174.24 | 57.95 | 113.0 | -74.24 | -679.55 | -105.16 | 11.51 | -18.48 | 24.3 |
| 21Q3 (8) | 0.41 | 295.24 | 105.0 | 23.84 | 83.95 | 49.75 | 17.02 | 115.72 | 52.78 | 15.49 | 261.92 | 88.21 | 10.86 | 10760.0 | 113.36 | 1.21 | 12000.0 | 68.06 | 0.71 | 317.65 | 36.54 | 0.05 | 0.0 | -28.57 | 25.43 | 85.49 | 63.33 | 124.36 | 5.02 | 13.65 | 110.32 | -39.97 | -18.97 | -9.52 | 88.63 | 73.65 | 14.12 | 4.05 | 30.14 |
| 21Q2 (7) | -0.21 | -119.44 | -138.18 | 12.96 | -50.27 | -29.53 | 7.89 | -62.8 | -41.94 | 4.28 | -76.86 | -61.75 | 0.10 | -99.34 | -98.82 | 0.01 | -99.59 | -99.27 | 0.17 | -86.72 | -80.0 | 0.05 | -28.57 | -37.5 | 13.71 | -45.81 | -22.45 | 118.42 | 1.1 | 12.45 | 183.78 | 60.26 | 51.21 | -83.78 | -470.78 | -289.0 | 13.57 | 25.65 | 0 |
| 21Q1 (6) | 1.08 | 303.77 | 16.13 | 26.06 | 171.18 | 2.96 | 21.21 | 283.54 | 3.87 | 18.50 | 4612.2 | 4.28 | 15.17 | 624.91 | 10.97 | 2.46 | 602.04 | 18.84 | 1.28 | 2660.0 | 4.92 | 0.07 | -12.5 | -12.5 | 25.30 | 278.74 | 3.77 | 117.13 | -3.29 | 19.23 | 114.68 | 108.56 | -0.23 | -14.68 | -101.02 | 1.8 | 10.80 | 16.63 | 0.37 |
| 20Q4 (5) | -0.53 | -365.0 | -184.13 | 9.61 | -39.64 | -58.43 | 5.53 | -50.36 | -71.93 | -0.41 | -104.98 | -102.87 | -2.89 | -156.78 | -127.06 | -0.49 | -168.06 | -130.62 | -0.05 | -109.62 | -105.1 | 0.08 | 14.29 | 14.29 | 6.68 | -57.1 | -68.62 | 121.12 | 10.69 | 19.55 | -1340.00 | -1084.25 | -1072.79 | 1440.00 | 4084.0 | 3914.74 | 9.26 | -14.65 | 0 |
| 20Q3 (4) | 0.20 | -63.64 | 0.0 | 15.92 | -13.43 | 0.0 | 11.14 | -18.03 | 0.0 | 8.23 | -26.45 | 0.0 | 5.09 | -39.83 | 0.0 | 0.72 | -47.45 | 0.0 | 0.52 | -38.82 | 0.0 | 0.07 | -12.5 | 0.0 | 15.57 | -11.93 | 0.0 | 109.42 | 3.9 | 0.0 | 136.14 | 12.02 | 0.0 | -36.14 | -67.81 | 0.0 | 10.85 | 0 | 0.0 |
| 20Q2 (3) | 0.55 | -40.86 | 0.0 | 18.39 | -27.34 | 0.0 | 13.59 | -33.45 | 0.0 | 11.19 | -36.92 | 0.0 | 8.46 | -38.11 | 0.0 | 1.37 | -33.82 | 0.0 | 0.85 | -30.33 | 0.0 | 0.08 | 0.0 | 0.0 | 17.68 | -27.48 | 0.0 | 105.31 | 7.2 | 0.0 | 121.54 | 5.73 | 0.0 | -21.54 | -44.08 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.93 | 47.62 | 0.0 | 25.31 | 9.47 | 0.0 | 20.42 | 3.65 | 0.0 | 17.74 | 24.32 | 0.0 | 13.67 | 28.0 | 0.0 | 2.07 | 29.37 | 0.0 | 1.22 | 24.49 | 0.0 | 0.08 | 14.29 | 0.0 | 24.38 | 14.51 | 0.0 | 98.24 | -3.03 | 0.0 | 114.95 | -16.55 | 0.0 | -14.95 | 60.4 | 0.0 | 10.76 | 0 | 0.0 |
| 19Q4 (1) | 0.63 | 0.0 | 0.0 | 23.12 | 0.0 | 0.0 | 19.70 | 0.0 | 0.0 | 14.27 | 0.0 | 0.0 | 10.68 | 0.0 | 0.0 | 1.60 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 21.29 | 0.0 | 0.0 | 101.31 | 0.0 | 0.0 | 137.75 | 0.0 | 0.0 | -37.75 | 0.0 | 0.0 | 0.00 | 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) | 0.27 | 0 | 16.82 | 147.72 | 11.06 | 1006.0 | 1.09 | 6.6 | 7.71 | 0 | 4.41 | 0 | 2.26 | 0 | 1.93 | 0 | 0.24 | -4.0 | 17.39 | 231.24 | 106.96 | -11.99 | 143.31 | 0 | -43.31 | 0 | 14.25 | -4.48 | 13.18 | 0.46 |
| 2022 (9) | -1.89 | 0 | 6.79 | -69.96 | 1.00 | -94.23 | 1.02 | -14.05 | -3.35 | 0 | -4.31 | 0 | -2.36 | 0 | -0.35 | 0 | 0.25 | 0.0 | 5.25 | -75.47 | 121.53 | 8.39 | -29.77 | 0 | 130.53 | 0 | 14.91 | -4.41 | 13.12 | 6.75 |
| 2021 (8) | 1.36 | 18.26 | 22.60 | 31.78 | 17.33 | 38.42 | 1.19 | 23.79 | 12.96 | 44.32 | 8.52 | 44.41 | 4.63 | 25.47 | 2.86 | 17.7 | 0.25 | -16.67 | 21.40 | 34.85 | 112.12 | -7.43 | 133.92 | -3.97 | -33.72 | 0 | 15.60 | -4.13 | 12.29 | 21.08 |
| 2020 (7) | 1.15 | -48.89 | 17.15 | -17.75 | 12.52 | -21.31 | 0.96 | 42.06 | 8.98 | -28.67 | 5.90 | -36.49 | 3.69 | -37.14 | 2.43 | -34.85 | 0.30 | -6.25 | 15.87 | -14.36 | 121.12 | 19.55 | 139.45 | 10.3 | -39.45 | 0 | 16.27 | -3.23 | 10.15 | 5.84 |
| 2019 (6) | 2.25 | -19.06 | 20.85 | -5.27 | 15.91 | -8.98 | 0.67 | 104.09 | 12.59 | -20.47 | 9.29 | -14.61 | 5.87 | -18.92 | 3.73 | -19.78 | 0.32 | -11.11 | 18.53 | -8.81 | 101.31 | 7.74 | 126.43 | 14.47 | -26.43 | 0 | 16.82 | 26.21 | 9.59 | 23.42 |
| 2018 (5) | 2.78 | -10.9 | 22.01 | -25.49 | 17.48 | -27.95 | 0.33 | 1.04 | 15.83 | -25.96 | 10.88 | -40.32 | 7.24 | -5.48 | 4.65 | -11.43 | 0.36 | 44.0 | 20.32 | -22.35 | 94.03 | 28.39 | 110.45 | -2.64 | -10.45 | 0 | 13.32 | 9.23 | 7.77 | -25.0 |
| 2017 (4) | 3.12 | -21.01 | 29.54 | -24.0 | 24.26 | -27.19 | 0.33 | 271.32 | 21.38 | -27.08 | 18.23 | -31.57 | 7.66 | -24.53 | 5.25 | -24.79 | 0.25 | 8.7 | 26.17 | -25.46 | 73.24 | 23.47 | 113.44 | -0.07 | -13.44 | 0 | 12.20 | 0 | 10.36 | 12.85 |
| 2016 (3) | 3.95 | 30.36 | 38.87 | -15.13 | 33.32 | -14.3 | 0.09 | -31.37 | 29.32 | -7.89 | 26.64 | -3.27 | 10.15 | 27.99 | 6.98 | 24.87 | 0.23 | 35.29 | 35.11 | -14.53 | 59.32 | -15.57 | 113.51 | -7.09 | -13.66 | 0 | 0.00 | 0 | 9.18 | -29.22 |
| 2015 (2) | 3.03 | 7.07 | 45.80 | 13.82 | 38.88 | 20.19 | 0.13 | 92.94 | 31.83 | 8.56 | 27.54 | 4.56 | 7.93 | 0.63 | 5.59 | 2.01 | 0.17 | 0.0 | 41.08 | 6.65 | 70.26 | -5.89 | 122.18 | 10.86 | -22.18 | 0 | 0.00 | 0 | 12.97 | 14.78 |
| 2014 (1) | 2.83 | 177.45 | 40.24 | 0 | 32.35 | 0 | 0.07 | -0.86 | 29.32 | 0 | 26.34 | 0 | 7.88 | 0 | 5.48 | 0 | 0.17 | -5.56 | 38.52 | -15.23 | 74.66 | -6.08 | 110.20 | -11.67 | -10.20 | 0 | 0.00 | 0 | 11.30 | 51.47 |
