- 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) | 3.72 | 615.38 | 202.44 | 29.09 | 15.99 | -29.84 | 19.54 | 86.99 | -33.2 | 18.96 | 151.13 | -32.21 | 14.78 | 118.64 | -33.24 | 24.19 | 611.47 | 248.56 | 3.57 | 485.25 | 202.54 | 0.23 | 228.57 | 360.0 | 19.68 | 76.34 | -33.98 | 463.89 | -42.62 | -6.63 | 103.09 | -25.03 | -0.73 | -3.09 | 91.77 | 33.1 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.52 | 192.86 | -89.01 | 25.08 | -6.24 | -8.8 | 10.45 | 125.87 | -48.27 | 7.55 | 111.98 | -62.1 | 6.76 | 112.53 | -56.58 | 3.40 | 208.97 | -89.51 | 0.61 | 296.77 | -84.98 | 0.07 | 600.0 | -73.08 | 11.16 | 130.96 | -45.11 | 808.40 | 43.22 | 52.04 | 137.50 | 112.14 | 35.62 | -37.50 | -206.58 | -2605.36 | 3.97 | -90.35 | 198.5 |
| 24Q1 (18) | -0.56 | -107.41 | -201.82 | 26.75 | -9.66 | 5.11 | -40.40 | -149.69 | -430.88 | -63.02 | -215.1 | -761.97 | -53.95 | -167.08 | -829.05 | -3.12 | -110.81 | -179.8 | -0.31 | -72.22 | -156.36 | 0.01 | 0.0 | -83.33 | -36.05 | -233.49 | -386.57 | 564.44 | 7.37 | -41.5 | 64.81 | -20.78 | -49.68 | 35.19 | 93.52 | 222.11 | 41.13 | 70.59 | 762.26 |
| 23Q4 (17) | -0.27 | -121.95 | -1450.0 | 29.61 | -28.58 | 17.55 | -16.18 | -155.32 | -314.3 | -20.00 | -171.51 | -597.51 | -20.20 | -191.24 | -4491.3 | -1.48 | -121.33 | -1333.33 | -0.18 | -115.25 | -263.64 | 0.01 | -80.0 | -66.67 | -10.81 | -136.26 | -228.23 | 525.69 | 5.81 | -26.2 | 81.82 | -21.21 | -55.94 | 18.18 | 493.94 | 121.21 | 24.11 | 296.55 | 255.6 |
| 23Q3 (16) | 1.23 | -74.0 | 108.47 | 41.46 | 50.76 | 45.73 | 29.25 | 44.8 | 88.22 | 27.97 | 40.41 | 95.05 | 22.14 | 42.2 | 104.81 | 6.94 | -78.59 | 84.08 | 1.18 | -70.94 | 131.37 | 0.05 | -80.77 | 25.0 | 29.81 | 46.63 | 81.99 | 496.81 | -6.56 | -28.97 | 103.85 | 2.43 | -3.47 | -4.62 | -232.97 | 49.23 | 6.08 | 357.14 | 80.95 |
| 23Q2 (15) | 4.73 | 760.0 | 77.82 | 27.50 | 8.06 | -9.18 | 20.20 | 65.44 | -8.93 | 19.92 | 109.24 | -9.0 | 15.57 | 110.41 | -11.88 | 32.41 | 728.9 | 76.14 | 4.06 | 638.18 | 100.0 | 0.26 | 333.33 | 136.36 | 20.33 | 61.61 | -9.36 | 531.71 | -44.89 | -27.3 | 101.39 | -21.29 | -0.07 | -1.39 | 95.19 | 4.7 | 1.33 | -72.12 | -26.52 |
| 23Q1 (14) | 0.55 | 2650.0 | -69.44 | 25.45 | 1.03 | -16.61 | 12.21 | 61.72 | -44.3 | 9.52 | 136.82 | -54.95 | 7.40 | 1508.7 | -54.96 | 3.91 | 3158.33 | -72.7 | 0.55 | 400.0 | -59.56 | 0.06 | 100.0 | -25.0 | 12.58 | 49.23 | -43.36 | 964.87 | 35.46 | 4.21 | 128.81 | -30.64 | 24.31 | -28.81 | 66.38 | -694.43 | 4.77 | -29.65 | 112.0 |
| 22Q4 (13) | 0.02 | -96.61 | -96.92 | 25.19 | -11.46 | -28.92 | 7.55 | -51.42 | -63.96 | 4.02 | -71.97 | -78.94 | 0.46 | -95.74 | -96.52 | 0.12 | -96.82 | -97.91 | 0.11 | -78.43 | -79.25 | 0.03 | -25.0 | -25.0 | 8.43 | -48.53 | -61.59 | 712.27 | 1.84 | -34.4 | 185.71 | 72.64 | 68.44 | -85.71 | -842.86 | -735.71 | 6.78 | 101.79 | -11.6 |
| 22Q3 (12) | 0.59 | -77.82 | -81.39 | 28.45 | -6.04 | -12.0 | 15.54 | -29.94 | -36.42 | 14.34 | -34.49 | -38.61 | 10.81 | -38.82 | -60.58 | 3.77 | -79.51 | -88.78 | 0.51 | -74.88 | -77.83 | 0.04 | -63.64 | -50.0 | 16.38 | -26.97 | -33.66 | 699.40 | -4.37 | -40.6 | 107.58 | 6.03 | 2.56 | -9.09 | -525.0 | -104.55 | 3.36 | 85.64 | 111.32 |
| 22Q2 (11) | 2.66 | 47.78 | 818.92 | 30.28 | -0.79 | -53.31 | 22.18 | 1.19 | 100.03 | 21.89 | 3.6 | 100.03 | 17.67 | 7.55 | 100.02 | 18.40 | 28.49 | 499.13 | 2.03 | 49.26 | 1066.67 | 0.11 | 37.5 | 0 | 22.43 | 0.99 | 0 | 731.37 | -21.01 | -57.73 | 101.45 | -2.1 | 31.05 | -1.45 | 59.9 | -106.44 | 1.81 | -19.56 | -100.0 |
| 22Q1 (10) | 1.80 | 176.92 | 680.65 | 30.52 | -13.88 | 68.53 | 21.92 | 4.63 | 152.81 | 21.13 | 10.69 | 132.9 | 16.43 | 24.19 | 125.58 | 14.32 | 149.91 | 484.95 | 1.36 | 156.6 | 815.79 | 0.08 | 100.0 | 0 | 22.21 | 1.18 | 163.46 | 925.88 | -14.72 | -29.07 | 103.63 | -6.01 | 58.49 | -3.63 | 64.64 | -110.48 | 2.25 | -70.66 | -94.27 |
| 21Q4 (9) | 0.65 | -79.5 | 241.3 | 35.44 | 9.62 | 83.25 | 20.95 | -14.28 | 170.07 | 19.09 | -18.28 | 133.82 | 13.23 | -51.75 | 123.44 | 5.73 | -82.94 | 209.35 | 0.53 | -76.96 | 260.61 | 0.04 | -50.0 | 300.0 | 21.95 | -11.1 | 159.71 | 1085.70 | -7.79 | -10.63 | 110.26 | 5.12 | 109.49 | -10.26 | -130.77 | -121.65 | 7.67 | 382.39 | -76.74 |
| 21Q3 (8) | 3.17 | 956.76 | 1685.0 | 32.33 | -50.15 | 19.3 | 24.44 | 100.04 | 294.28 | 23.36 | 100.03 | 186.45 | 27.42 | 100.03 | 201.48 | 33.59 | 828.63 | 1619.91 | 2.30 | 1195.24 | 2190.91 | 0.08 | 0 | 700.0 | 24.69 | 0 | 406.33 | 1177.38 | -31.95 | 21.36 | 104.89 | 35.48 | 122.89 | -4.44 | -119.68 | -108.4 | 1.59 | -100.0 | -93.16 |
| 21Q2 (7) | -0.37 | -19.35 | -85.0 | 64.86 | 258.14 | 92.92 | -63991.90 | -154060.2 | -246496.92 | -83432.40 | -129796.31 | -149286.57 | -83559.50 | -129994.19 | -149514.15 | -4.61 | -23.92 | -118.48 | -0.21 | -10.53 | -75.0 | 0.00 | 0 | 0 | 0.00 | 100.0 | 100.0 | 1730.28 | 32.55 | 101.2 | 77.42 | 18.41 | 54.84 | 22.58 | -34.77 | -59.86 | 42310.80 | 107670.76 | 90230.49 |
| 21Q1 (6) | -0.31 | 32.61 | -47.62 | 18.11 | -6.36 | -20.92 | -41.51 | -38.83 | 75.5 | -64.23 | -13.78 | 68.25 | -64.23 | -13.78 | 68.25 | -3.72 | 29.01 | -67.57 | -0.19 | 42.42 | 13.64 | 0.00 | -100.0 | 0 | -35.00 | 4.79 | 75.77 | 1305.40 | 7.45 | 65.95 | 65.38 | 24.23 | -21.54 | 34.62 | -26.92 | 107.69 | 39.26 | 19.04 | -81.4 |
| 20Q4 (5) | -0.46 | -130.0 | -119.05 | 19.34 | -28.63 | -65.62 | -29.90 | -137.68 | 99.94 | -56.45 | -108.92 | 99.9 | -56.45 | -108.92 | 99.9 | -5.24 | -137.1 | -141.47 | -0.33 | -200.0 | -50.0 | 0.01 | 0.0 | 0 | -36.76 | -356.08 | 0 | 1214.88 | 25.23 | 65.45 | 52.63 | 11.84 | -36.84 | 47.37 | -10.53 | 326.32 | 32.98 | 41.97 | -99.93 |
| 20Q3 (4) | -0.20 | 0.0 | 0.0 | 27.10 | -19.39 | 0.0 | -12.58 | 51.52 | 0.0 | -27.02 | 51.62 | 0.0 | -27.02 | 51.62 | 0.0 | -2.21 | -4.74 | 0.0 | -0.11 | 8.33 | 0.0 | 0.01 | 0 | 0.0 | -8.06 | 53.25 | 0.0 | 970.12 | 12.8 | 0.0 | 47.06 | -5.88 | 0.0 | 52.94 | -5.88 | 0.0 | 23.23 | -50.41 | 0.0 |
| 20Q2 (3) | -0.20 | 4.76 | 0.0 | 33.62 | 46.81 | 0.0 | -25.95 | 84.69 | 0.0 | -55.85 | 72.39 | 0.0 | -55.85 | 72.39 | 0.0 | -2.11 | 4.95 | 0.0 | -0.12 | 45.45 | 0.0 | 0.00 | 0 | 0.0 | -17.24 | 88.06 | 0.0 | 860.00 | 9.33 | 0.0 | 50.00 | -40.0 | 0.0 | 56.25 | 237.5 | 0.0 | 46.84 | -77.81 | 0.0 |
| 20Q1 (2) | -0.21 | 0.0 | 0.0 | 22.90 | -59.29 | 0.0 | -169.45 | 99.65 | 0.0 | -202.29 | 99.63 | 0.0 | -202.29 | 99.63 | 0.0 | -2.22 | -2.3 | 0.0 | -0.22 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | -144.44 | 0 | 0.0 | 786.61 | 7.12 | 0.0 | 83.33 | 0.0 | 0.0 | 16.67 | 50.0 | 0.0 | 211.10 | -99.55 | 0.0 |
| 19Q4 (1) | -0.21 | 0.0 | 0.0 | 56.25 | 0.0 | 0.0 | -48193.80 | 0.0 | 0.0 | -55000.00 | 0.0 | 0.0 | -55000.00 | 0.0 | 0.0 | -2.17 | 0.0 | 0.0 | -0.22 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 734.30 | 0.0 | 0.0 | 83.33 | 0.0 | 0.0 | 11.11 | 0.0 | 0.0 | 47053.10 | 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) | 6.24 | 22.83 | 28.96 | -1.76 | 18.91 | -2.43 | 0.21 | -8.83 | 18.00 | -2.28 | 13.96 | -1.97 | 36.53 | -0.11 | 5.42 | 35.5 | 0.37 | 42.31 | 19.29 | -2.58 | 525.69 | -26.2 | 105.07 | -0.04 | -5.07 | 0 | 0.23 | 21.1 | 3.17 | 14.86 |
| 2022 (9) | 5.08 | 61.78 | 29.48 | -10.2 | 19.38 | -2.47 | 0.24 | -52.42 | 18.42 | 5.62 | 14.24 | -23.03 | 36.57 | 17.74 | 4.00 | 41.84 | 0.26 | 85.71 | 19.80 | -5.04 | 712.27 | -34.4 | 105.11 | -7.61 | -5.29 | 0 | 0.19 | 5.89 | 2.76 | -50.18 |
| 2021 (8) | 3.14 | 0 | 32.83 | 31.95 | 19.87 | 0 | 0.49 | -83.38 | 17.44 | 0 | 18.50 | 0 | 31.06 | 0 | 2.82 | 0 | 0.14 | 600.0 | 20.85 | 0 | 1085.70 | -10.63 | 113.77 | 102.5 | -13.77 | 0 | 0.18 | -18.92 | 5.54 | -86.49 |
| 2020 (7) | -1.07 | 0 | 24.88 | 21.43 | -30.04 | 0 | 2.98 | -89.88 | -53.03 | 0 | -53.03 | 0 | -11.77 | 0 | -0.75 | 0 | 0.02 | 0 | -28.57 | 0 | 1214.88 | 65.45 | 56.18 | -36.02 | 43.82 | 259.33 | 0.22 | -25.05 | 41.01 | -87.1 |
| 2019 (6) | -0.98 | 0 | 20.49 | -15.89 | -426.33 | 0 | 29.41 | 4282.35 | -483.44 | 0 | -483.44 | 0 | -9.69 | 0 | -1.14 | 0 | 0.00 | 0 | -370.59 | 0 | 734.30 | 32.22 | 87.80 | 31.71 | 12.20 | -63.41 | 0.30 | -13.44 | 317.88 | 1707.16 |
| 2018 (5) | -0.36 | 0 | 24.36 | 2.83 | -6.83 | 0 | 0.67 | 121.48 | -10.13 | 0 | -10.13 | 0 | -3.37 | 0 | -0.48 | 0 | 0.07 | -80.56 | -5.37 | 0 | 555.37 | 191.52 | 66.67 | -36.57 | 33.33 | 0 | 0.35 | -54.16 | 17.59 | 242.22 |
| 2017 (4) | 1.31 | 89.86 | 23.69 | -0.46 | 10.42 | 9.34 | 0.30 | -12.83 | 9.89 | 74.43 | 9.86 | 75.44 | 11.29 | 84.18 | 3.84 | 65.52 | 0.36 | 28.57 | 11.11 | 19.85 | 190.51 | -22.49 | 105.10 | -37.2 | -5.10 | 0 | 0.75 | 0 | 5.14 | -10.45 |
| 2016 (3) | 0.69 | 9.52 | 23.80 | 16.55 | 9.53 | 27.24 | 0.35 | -10.78 | 5.67 | -2.07 | 5.62 | -2.09 | 6.13 | 3.2 | 2.32 | 32.57 | 0.28 | 21.74 | 9.27 | 8.17 | 245.78 | -24.51 | 167.35 | 29.84 | -67.35 | 0 | 0.00 | 0 | 5.74 | 0.53 |
| 2015 (2) | 0.63 | 0 | 20.42 | -50.02 | 7.49 | 0 | 0.39 | -97.14 | 5.79 | 0 | 5.74 | 0 | 5.94 | 0 | 1.75 | 0 | 0.23 | 2200.0 | 8.57 | 0 | 325.60 | -14.86 | 128.89 | 39.0 | -28.89 | 0 | 0.00 | 0 | 5.71 | -97.4 |
| 2014 (1) | -0.83 | 0 | 40.86 | 0 | -228.69 | 0 | 13.64 | 4440.91 | -249.31 | 0 | -260.88 | 0 | -7.69 | 0 | -1.63 | 0 | 0.01 | -97.5 | -204.55 | 0 | 382.42 | 34.98 | 92.73 | -20.52 | 9.09 | 0 | 0.00 | 0 | 219.29 | 5655.64 |
