- 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) | -0.40 | 0.0 | -81.82 | 5.75 | 69.12 | -21.02 | -1.16 | 79.72 | -153.46 | -3.31 | 22.48 | -409.35 | -3.54 | 19.55 | -149.3 | -1.18 | -2.61 | -90.32 | -0.39 | -11.43 | -1200.0 | 0.16 | 33.33 | -20.0 | 4.32 | -22.58 | -43.01 | 106.26 | -5.27 | -9.74 | 35.71 | -73.68 | -82.92 | 64.29 | 280.0 | 158.93 | 6.89 | -11.55 | 23.92 |
| 24Q2 (19) | -0.40 | -100.0 | 25.93 | 3.40 | -23.94 | -40.35 | -5.72 | -69.73 | -336.64 | -4.27 | -105.29 | -12.66 | -4.40 | -157.31 | -8.91 | -1.15 | -94.92 | 23.84 | -0.35 | -288.89 | 14.63 | 0.12 | -25.0 | -29.41 | 5.58 | 3.14 | 40.91 | 112.17 | -5.07 | -6.46 | 135.71 | -15.76 | 284.52 | -35.71 | 41.56 | -152.8 | 7.79 | 24.64 | 16.62 |
| 24Q1 (18) | -0.20 | 65.52 | 51.22 | 4.47 | -32.68 | -0.67 | -3.37 | -262.37 | -176.23 | -2.08 | -21.64 | 42.86 | -1.71 | 55.0 | 47.38 | -0.59 | 63.35 | 46.85 | -0.09 | 81.63 | 64.0 | 0.16 | -15.79 | 6.67 | 5.41 | 6.29 | 14.38 | 118.16 | -5.05 | -5.8 | 161.11 | 222.22 | 399.44 | -61.11 | -237.5 | -194.72 | 6.25 | 2.97 | -1.88 |
| 23Q4 (17) | -0.58 | -163.64 | -462.5 | 6.64 | -8.79 | -8.54 | -0.93 | -142.86 | -135.63 | -1.71 | -259.81 | -167.06 | -3.80 | -167.61 | -468.93 | -1.61 | -159.68 | -474.42 | -0.49 | -1533.33 | -216.67 | 0.19 | -5.0 | 5.56 | 5.09 | -32.85 | -44.85 | 124.45 | 5.71 | -5.69 | 50.00 | -76.09 | -50.0 | 44.44 | 140.74 | 1300.0 | 6.07 | 9.17 | 38.9 |
| 23Q3 (16) | -0.22 | 59.26 | 74.12 | 7.28 | 27.72 | 135.6 | 2.17 | 265.65 | 173.06 | 1.07 | 128.23 | 116.02 | -1.42 | 64.85 | 72.64 | -0.62 | 58.94 | 72.69 | -0.03 | 92.68 | 96.15 | 0.20 | 17.65 | 0.0 | 7.58 | 91.41 | 2907.41 | 117.73 | -1.83 | -7.44 | 209.09 | 492.42 | 368.87 | -109.09 | -261.26 | -296.9 | 5.56 | -16.77 | -4.3 |
| 23Q2 (15) | -0.54 | -31.71 | -54.29 | 5.70 | 26.67 | 1800.0 | -1.31 | -7.38 | 79.21 | -3.79 | -4.12 | 1.04 | -4.04 | -24.31 | -25.47 | -1.51 | -36.04 | -67.78 | -0.41 | -64.0 | -115.79 | 0.17 | 13.33 | 41.67 | 3.96 | -16.28 | -22.05 | 119.92 | -4.4 | 0.36 | 35.29 | 9.41 | -78.52 | 67.65 | 4.85 | 205.23 | 6.68 | 4.87 | 1.98 |
| 23Q1 (14) | -0.41 | -356.25 | -1466.67 | 4.50 | -38.02 | 7.14 | -1.22 | -146.74 | 10.29 | -3.64 | -242.75 | -3409.09 | -3.25 | -415.53 | -2011.76 | -1.11 | -358.14 | -1685.71 | -0.25 | -159.52 | -256.25 | 0.15 | -16.67 | -6.25 | 4.73 | -48.75 | -20.5 | 125.44 | -4.94 | -16.18 | 32.26 | -67.74 | 102.3 | 64.52 | 1841.94 | -95.7 | 6.37 | 45.77 | 18.84 |
| 22Q4 (13) | 0.16 | 118.82 | -80.72 | 7.26 | 134.95 | 5.37 | 2.61 | 187.88 | -54.69 | 2.55 | 138.17 | -59.13 | 1.03 | 119.85 | -75.48 | 0.43 | 118.94 | -80.89 | 0.42 | 153.85 | -61.82 | 0.18 | -10.0 | -21.74 | 9.23 | 3518.52 | -14.22 | 131.96 | 3.74 | -7.61 | 100.00 | 124.24 | 7.79 | -3.70 | -106.68 | -151.23 | 4.37 | -24.78 | 4.3 |
| 22Q3 (12) | -0.85 | -142.86 | -1314.29 | 3.09 | 930.0 | -59.29 | -2.97 | 52.86 | -307.69 | -6.68 | -74.41 | -707.27 | -5.19 | -61.18 | -1117.65 | -2.27 | -152.22 | -1235.0 | -0.78 | -310.53 | -471.43 | 0.20 | 66.67 | 11.11 | -0.27 | -105.31 | -103.85 | 127.20 | 6.45 | 0.49 | 44.59 | -72.86 | -64.96 | 55.41 | 186.19 | 303.15 | 5.81 | -11.3 | 11.95 |
| 22Q2 (11) | -0.35 | -1266.67 | -288.89 | 0.30 | -92.86 | -95.2 | -6.30 | -363.24 | -328.57 | -3.83 | -3581.82 | -345.35 | -3.22 | -1994.12 | -419.35 | -0.90 | -1385.71 | -260.0 | -0.19 | -218.75 | -2000.0 | 0.12 | -25.0 | -40.0 | 5.08 | -14.62 | 2.21 | 119.49 | -20.16 | 7.56 | 164.29 | 111.73 | -1.43 | -64.29 | -104.29 | 3.57 | 6.55 | 22.2 | 89.31 |
| 22Q1 (10) | 0.03 | -96.39 | 142.86 | 4.20 | -39.04 | -41.18 | -1.36 | -123.61 | -166.67 | 0.11 | -98.24 | 113.92 | 0.17 | -95.95 | 125.76 | 0.07 | -96.89 | 138.89 | 0.16 | -85.45 | 220.0 | 0.16 | -30.43 | 23.08 | 5.95 | -44.7 | -25.16 | 149.66 | 4.78 | 44.82 | -1400.00 | -1609.09 | -2200.0 | 1500.00 | 20650.0 | 4400.0 | 5.36 | 27.92 | -35.65 |
| 21Q4 (9) | 0.83 | 1085.71 | -40.29 | 6.89 | -9.22 | -30.54 | 5.76 | 302.8 | -70.79 | 6.24 | 467.27 | -66.9 | 4.20 | 723.53 | -59.89 | 2.25 | 1025.0 | -41.25 | 1.10 | 423.81 | -43.01 | 0.23 | 27.78 | 35.29 | 10.76 | 53.5 | -57.67 | 142.83 | 12.84 | 27.36 | 92.77 | -27.11 | -11.42 | 7.23 | 126.51 | 252.71 | 4.19 | -19.27 | -17.52 |
| 21Q3 (8) | 0.07 | 177.78 | -85.11 | 7.59 | 21.44 | -40.33 | 1.43 | 197.28 | -67.65 | 1.10 | 227.91 | -83.51 | 0.51 | 182.26 | -86.25 | 0.20 | 180.0 | -85.29 | 0.21 | 2000.0 | -73.75 | 0.18 | -10.0 | 5.88 | 7.01 | 41.05 | -51.29 | 126.58 | 13.94 | 8.4 | 127.27 | -23.64 | 90.91 | -27.27 | 59.09 | -181.82 | 5.19 | 50.0 | 21.26 |
| 21Q2 (7) | -0.09 | -28.57 | 83.64 | 6.25 | -12.46 | -21.48 | -1.47 | -188.24 | 71.84 | -0.86 | -8.86 | 88.04 | -0.62 | 6.06 | 91.0 | -0.25 | -38.89 | 83.97 | 0.01 | -80.0 | 101.85 | 0.20 | 53.85 | 81.82 | 4.97 | -37.48 | -4.97 | 111.09 | 7.5 | 6.02 | 166.67 | 150.0 | 126.19 | -66.67 | -300.0 | -330.3 | 3.46 | -58.46 | 0 |
| 21Q1 (6) | -0.07 | -105.04 | 87.72 | 7.14 | -28.02 | 39.73 | -0.51 | -102.59 | 91.71 | -0.79 | -104.19 | 91.82 | -0.66 | -106.3 | 91.28 | -0.18 | -104.7 | 88.54 | 0.05 | -97.41 | 109.09 | 0.13 | -23.53 | 30.0 | 7.95 | -68.73 | 112.0 | 103.34 | -7.86 | -13.41 | 66.67 | -36.35 | 5.38 | 33.33 | 804.17 | -9.26 | 8.33 | 63.98 | 10.77 |
| 20Q4 (5) | 1.39 | 195.74 | 47.87 | 9.92 | -22.01 | -12.75 | 19.72 | 346.15 | 172.0 | 18.85 | 182.61 | 133.58 | 10.47 | 182.21 | 98.3 | 3.83 | 181.62 | 48.45 | 1.93 | 141.25 | 38.85 | 0.17 | 0.0 | -22.73 | 25.42 | 76.65 | 83.14 | 112.15 | -3.96 | -3.3 | 104.73 | 57.1 | 16.77 | -4.73 | -114.2 | -145.92 | 5.08 | 18.69 | 0 |
| 20Q3 (4) | 0.47 | 185.45 | 0.0 | 12.72 | 59.8 | 0.0 | 4.42 | 184.67 | 0.0 | 6.67 | 192.77 | 0.0 | 3.71 | 153.85 | 0.0 | 1.36 | 187.18 | 0.0 | 0.80 | 248.15 | 0.0 | 0.17 | 54.55 | 0.0 | 14.39 | 175.14 | 0.0 | 116.77 | 11.44 | 0.0 | 66.67 | -9.52 | 0.0 | 33.33 | 15.15 | 0.0 | 4.28 | 0 | 0.0 |
| 20Q2 (3) | -0.55 | 3.51 | 0.0 | 7.96 | 55.77 | 0.0 | -5.22 | 15.12 | 0.0 | -7.19 | 25.57 | 0.0 | -6.89 | 8.98 | 0.0 | -1.56 | 0.64 | 0.0 | -0.54 | 1.82 | 0.0 | 0.11 | 10.0 | 0.0 | 5.23 | 39.47 | 0.0 | 104.78 | -12.21 | 0.0 | 73.68 | 16.47 | 0.0 | 28.95 | -21.2 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.57 | -160.64 | 0.0 | 5.11 | -55.06 | 0.0 | -6.15 | -184.83 | 0.0 | -9.66 | -219.7 | 0.0 | -7.57 | -243.37 | 0.0 | -1.57 | -160.85 | 0.0 | -0.55 | -139.57 | 0.0 | 0.10 | -54.55 | 0.0 | 3.75 | -72.98 | 0.0 | 119.35 | 2.91 | 0.0 | 63.27 | -29.46 | 0.0 | 36.73 | 256.33 | 0.0 | 7.52 | 0 | 0.0 |
| 19Q4 (1) | 0.94 | 0.0 | 0.0 | 11.37 | 0.0 | 0.0 | 7.25 | 0.0 | 0.0 | 8.07 | 0.0 | 0.0 | 5.28 | 0.0 | 0.0 | 2.58 | 0.0 | 0.0 | 1.39 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 13.88 | 0.0 | 0.0 | 115.98 | 0.0 | 0.0 | 89.69 | 0.0 | 0.0 | 10.31 | 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) | -1.75 | 0 | 6.12 | 53.77 | -0.23 | 0 | 4.88 | 6.46 | -1.86 | 0 | -3.08 | 0 | -4.86 | 0 | -1.15 | 0 | 0.69 | 4.55 | 5.45 | 11.0 | 124.45 | -5.69 | 12.68 | -85.57 | 88.73 | 720.77 | 0.13 | -4.6 | 6.14 | 12.87 |
| 2022 (9) | -1.01 | 0 | 3.98 | -42.65 | -1.67 | 0 | 4.58 | 12.56 | -1.88 | 0 | -1.74 | 0 | -2.71 | 0 | -0.36 | 0 | 0.66 | -5.71 | 4.91 | -37.61 | 131.96 | -7.61 | 87.84 | -3.74 | 10.81 | 23.55 | 0.14 | 113.7 | 5.44 | 9.46 |
| 2021 (8) | 0.75 | 0.0 | 6.94 | -27.18 | 1.79 | -67.86 | 4.07 | -33.53 | 1.97 | -60.36 | 1.24 | -31.49 | 1.98 | -1.98 | 1.38 | -12.66 | 0.70 | 34.62 | 7.87 | -44.81 | 142.83 | 27.36 | 91.25 | -18.69 | 8.75 | 0 | 0.06 | -30.54 | 4.97 | -10.61 |
| 2020 (7) | 0.75 | -47.55 | 9.53 | 1.38 | 5.57 | 5.09 | 6.12 | 31.95 | 4.97 | 27.76 | 1.81 | -27.31 | 2.02 | -47.94 | 1.58 | -41.91 | 0.52 | -26.76 | 14.26 | 23.46 | 112.15 | -3.3 | 112.23 | -17.73 | -12.23 | 0 | 0.09 | -0.56 | 5.56 | -5.6 |
| 2019 (6) | 1.43 | 0 | 9.40 | 15.91 | 5.30 | 0 | 4.64 | 1.8 | 3.89 | 0 | 2.49 | 0 | 3.88 | 0 | 2.72 | 0 | 0.71 | 9.23 | 11.55 | 755.56 | 115.98 | -7.42 | 136.42 | 186.96 | -36.42 | 0 | 0.09 | 6.07 | 5.89 | -7.39 |
| 2018 (5) | -2.98 | 0 | 8.11 | -37.76 | -3.02 | 0 | 4.56 | 3.12 | -6.35 | 0 | -5.24 | 0 | -7.51 | 0 | -2.33 | 0 | 0.65 | 4.84 | 1.35 | -87.44 | 125.28 | 5.64 | 47.54 | -43.67 | 52.46 | 236.21 | 0.09 | -8.58 | 6.36 | 10.61 |
| 2017 (4) | 1.56 | -65.18 | 13.03 | -35.3 | 3.02 | -77.26 | 4.42 | 1.7 | 3.58 | -64.06 | 2.67 | -62.81 | 3.65 | -63.02 | 2.76 | -49.91 | 0.62 | -1.59 | 10.75 | -35.24 | 118.59 | -2.6 | 84.40 | -36.66 | 15.60 | 0 | 0.10 | 0 | 5.75 | 13.19 |
| 2016 (3) | 4.48 | 685.96 | 20.14 | 25.72 | 13.28 | 24.93 | 4.35 | 46.57 | 9.96 | 9.45 | 7.18 | 16.56 | 9.87 | 15.44 | 5.51 | 24.38 | 0.63 | -5.97 | 16.60 | 28.78 | 121.75 | 6.28 | 133.24 | 13.95 | -33.24 | 0 | 0.00 | 0 | 5.08 | -4.33 |
| 2015 (2) | 0.57 | -89.1 | 16.02 | 28.26 | 10.63 | 40.42 | 2.97 | 76.42 | 9.10 | 9.77 | 6.16 | 10.79 | 8.55 | -29.86 | 4.43 | -24.14 | 0.67 | -31.63 | 12.89 | 20.24 | 114.56 | 15.53 | 116.93 | 28.3 | -16.93 | 0 | 0.00 | 0 | 5.31 | -0.93 |
| 2014 (1) | 5.23 | -31.18 | 12.49 | 0 | 7.57 | 0 | 1.68 | 16.74 | 8.29 | 0 | 5.56 | 0 | 12.19 | 0 | 5.84 | 0 | 0.98 | 0 | 10.72 | -7.67 | 99.16 | -35.82 | 91.14 | 2.1 | 8.61 | -19.84 | 0.00 | 0 | 5.36 | 36.39 |
