- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25Q2 (20) | -1.32 | -221.95 | -6500.0 | -5.38 | -278.87 | -207.6 | -16.67 | -35.2 | -243.71 | -39.13 | -269.15 | -5654.41 | -35.41 | -222.5 | -9470.27 | -9.15 | -246.59 | -9050.0 | -5.01 | -260.43 | -4275.0 | 0.15 | 7.14 | -6.25 | -32.53 | -709.2 | -770.72 | 81.93 | 14.28 | 12.49 | 42.68 | -63.37 | -94.05 | 57.44 | 447.72 | 109.3 | 18.01 | -1.21 | 20.07 |
| 25Q1 (19) | -0.41 | -720.0 | -295.24 | -1.42 | -171.72 | -124.23 | -12.33 | -12.4 | -170.99 | -10.60 | -354.94 | -228.02 | -10.98 | -678.72 | -277.67 | -2.64 | -676.47 | -307.87 | -1.39 | -13800.0 | -244.79 | 0.14 | -6.67 | 7.69 | -4.02 | -197.1 | -126.53 | 71.69 | 15.83 | 25.46 | 116.52 | -75.14 | 311.61 | -16.52 | 95.52 | -110.65 | 18.23 | -9.98 | 13.3 |
| 24Q4 (18) | -0.05 | 91.67 | 88.37 | 1.98 | -71.75 | -50.99 | -10.97 | -109.35 | -63.98 | -2.33 | 83.44 | 83.1 | -1.41 | 90.47 | 87.27 | -0.34 | 91.01 | 87.31 | -0.01 | 99.51 | 99.38 | 0.15 | 0.0 | -6.25 | 4.14 | 154.19 | 152.14 | 61.89 | -0.64 | 12.88 | 468.63 | 1159.92 | 865.19 | -368.63 | -686.94 | -816.52 | 20.25 | 24.54 | 31.15 |
| 24Q3 (17) | -0.60 | -2900.0 | -1100.0 | 7.01 | 40.2 | 19.83 | -5.24 | -8.04 | -64.26 | -14.07 | -1969.12 | -899.43 | -14.79 | -3897.3 | -1141.55 | -3.78 | -3680.0 | -1069.23 | -2.03 | -1791.67 | -620.51 | 0.15 | -6.25 | -16.67 | -7.64 | -257.53 | -212.19 | 62.29 | -14.47 | 17.0 | 37.20 | -94.82 | 120.61 | 62.80 | 110.17 | -77.6 | 16.26 | 8.4 | 20.0 |
| 24Q2 (16) | -0.02 | -109.52 | 93.55 | 5.00 | -14.68 | -6.54 | -4.85 | -6.59 | -46.97 | -0.68 | -108.21 | 89.0 | -0.37 | -105.99 | 94.66 | -0.10 | -107.87 | 94.59 | 0.12 | -87.5 | 111.65 | 0.16 | 23.08 | -5.88 | 4.85 | -67.99 | 553.27 | 72.83 | 27.46 | 27.39 | 717.65 | 1403.31 | 1232.77 | -617.65 | -498.32 | -1419.9 | 15.00 | -6.77 | 12.19 |
| 24Q1 (15) | 0.21 | 148.84 | 170.0 | 5.86 | 45.05 | 925.35 | -4.55 | 31.99 | 60.81 | 8.28 | 160.04 | 168.6 | 6.18 | 155.78 | 159.48 | 1.27 | 147.39 | 167.55 | 0.96 | 159.63 | 183.48 | 0.13 | -18.75 | 8.33 | 15.15 | 290.81 | 390.23 | 57.14 | 4.21 | -5.29 | -55.06 | -213.41 | -157.1 | 155.06 | 201.4 | 3759.35 | 16.09 | 4.21 | -2.6 |
| 23Q4 (14) | -0.43 | -816.67 | -152.94 | 4.04 | -30.94 | 8.31 | -6.69 | -109.72 | -48.34 | -13.79 | -883.52 | -70.25 | -11.08 | -880.28 | -81.05 | -2.68 | -787.18 | -157.69 | -1.61 | -512.82 | -147.69 | 0.16 | -11.11 | 23.08 | -7.94 | -216.59 | -545.53 | 54.83 | 2.99 | 46.92 | 48.55 | 126.91 | -12.14 | 51.45 | -81.65 | 16.72 | 15.44 | 13.95 | 7.45 |
| 23Q3 (13) | 0.06 | 119.35 | -83.33 | 5.85 | 9.35 | 25.27 | -3.19 | 3.33 | 42.0 | 1.76 | 128.48 | -87.48 | 1.42 | 120.49 | -88.72 | 0.39 | 121.08 | -82.43 | 0.39 | 137.86 | -75.16 | 0.18 | 5.88 | 50.0 | 6.81 | 736.45 | -67.26 | 53.24 | -6.87 | 79.2 | -180.43 | -435.09 | -360.54 | 280.43 | 499.29 | 102.03 | 13.55 | 1.35 | -33.05 |
| 23Q2 (12) | -0.31 | -3.33 | -196.88 | 5.35 | 853.52 | -54.39 | -3.30 | 71.58 | -172.05 | -6.18 | 48.8 | -181.1 | -6.93 | 33.3 | -194.29 | -1.85 | 1.6 | -190.69 | -1.03 | 10.43 | -176.3 | 0.17 | 41.67 | 0.0 | -1.07 | 79.5 | -108.98 | 57.17 | -5.24 | -26.38 | 53.85 | -44.16 | -10.66 | 46.79 | 1064.67 | 17.78 | 13.37 | -19.07 | -0.52 |
| 23Q1 (11) | -0.30 | -76.47 | -266.67 | -0.71 | -119.03 | -107.22 | -11.61 | -157.43 | -557.09 | -12.07 | -49.01 | -373.7 | -10.39 | -69.77 | -338.3 | -1.88 | -80.77 | -263.48 | -1.15 | -76.92 | -232.18 | 0.12 | -7.69 | -29.41 | -5.22 | -324.39 | -159.12 | 60.33 | 61.66 | 17.49 | 96.43 | 74.49 | 67.05 | 4.02 | -90.88 | -90.5 | 16.52 | 14.96 | 22.19 |
| 22Q4 (10) | -0.17 | -147.22 | -383.33 | 3.73 | -20.13 | -60.53 | -4.51 | 18.0 | -408.9 | -8.10 | -157.61 | -469.86 | -6.12 | -148.61 | -508.0 | -1.04 | -146.85 | -360.0 | -0.65 | -141.4 | -262.5 | 0.13 | 8.33 | -27.78 | -1.23 | -105.91 | -118.64 | 37.32 | 25.61 | -25.83 | 55.26 | 241.05 | -16.43 | 44.08 | -68.24 | 30.14 | 14.37 | -29.0 | 5.97 |
| 22Q3 (9) | 0.36 | 12.5 | -2.7 | 4.67 | -60.19 | -52.68 | -5.50 | -220.09 | -279.15 | 14.06 | 84.51 | 48.78 | 12.59 | 71.29 | 44.71 | 2.22 | 8.82 | -6.72 | 1.57 | 16.3 | -6.55 | 0.12 | -29.41 | -33.33 | 20.80 | 74.64 | 53.62 | 29.71 | -61.74 | -41.03 | -39.18 | -165.01 | -220.24 | 138.81 | 249.35 | 105.9 | 20.24 | 50.6 | 61.27 |
| 22Q2 (8) | 0.32 | 77.78 | -5.88 | 11.73 | 19.33 | 45.53 | 4.58 | 80.31 | 102.65 | 7.62 | 72.79 | -12.71 | 7.35 | 68.58 | -10.8 | 2.04 | 77.39 | -9.33 | 1.35 | 55.17 | -15.09 | 0.17 | 0.0 | -5.56 | 11.91 | 34.88 | -7.32 | 77.66 | 51.24 | 57.94 | 60.27 | 4.41 | 133.29 | 39.73 | -6.02 | -46.43 | 13.44 | -0.59 | 8.13 |
| 22Q1 (7) | 0.18 | 200.0 | -51.35 | 9.83 | 4.02 | 89.77 | 2.54 | 73.97 | 775.86 | 4.41 | 101.37 | -53.87 | 4.36 | 190.67 | -51.93 | 1.15 | 187.5 | -54.72 | 0.87 | 117.5 | -50.85 | 0.17 | -5.56 | -10.53 | 8.83 | 33.79 | -35.36 | 51.35 | 2.05 | 1.97 | 57.72 | -12.71 | 1797.66 | 42.28 | 24.82 | -56.4 | 13.52 | -0.29 | 19.01 |
| 21Q4 (6) | 0.06 | -83.78 | -68.42 | 9.45 | -4.26 | 49.29 | 1.46 | -52.44 | 1023.08 | 2.19 | -76.83 | -51.33 | 1.50 | -82.76 | -66.67 | 0.40 | -83.19 | -69.47 | 0.40 | -76.19 | -57.89 | 0.18 | 0.0 | -5.26 | 6.60 | -51.26 | -24.4 | 50.32 | -0.12 | -2.2 | 66.13 | 102.95 | 1950.0 | 33.87 | -49.76 | -65.29 | 13.56 | 8.05 | -22.91 |
| 21Q3 (5) | 0.37 | 8.82 | 3600.0 | 9.87 | 22.46 | 122.8 | 3.07 | 35.84 | 274.43 | 9.45 | 8.25 | 7775.0 | 8.70 | 5.58 | 7150.0 | 2.38 | 5.78 | 7833.33 | 1.68 | 5.66 | 1300.0 | 0.18 | 0.0 | 5.88 | 13.54 | 5.37 | 147.08 | 50.38 | 2.46 | 6.62 | 32.58 | 26.13 | 102.33 | 67.42 | -9.1 | -95.51 | 12.55 | 0.97 | 16.2 |
| 21Q2 (4) | 0.34 | -8.11 | 0.0 | 8.06 | 55.6 | 0.0 | 2.26 | 679.31 | 0.0 | 8.73 | -8.68 | 0.0 | 8.24 | -9.15 | 0.0 | 2.25 | -11.42 | 0.0 | 1.59 | -10.17 | 0.0 | 0.18 | -5.26 | 0.0 | 12.85 | -5.93 | 0.0 | 49.17 | -2.36 | 0.0 | 25.83 | 749.27 | 0.0 | 74.17 | -23.51 | 0.0 | 12.43 | 9.42 | 0.0 |
| 21Q1 (3) | 0.37 | 94.74 | 0.0 | 5.18 | -18.17 | 0.0 | 0.29 | 123.08 | 0.0 | 9.56 | 112.44 | 0.0 | 9.07 | 101.56 | 0.0 | 2.54 | 93.89 | 0.0 | 1.77 | 86.32 | 0.0 | 0.19 | 0.0 | 0.0 | 13.66 | 56.47 | 0.0 | 50.36 | -2.12 | 0.0 | 3.04 | -5.7 | 0.0 | 96.96 | -0.64 | 0.0 | 11.36 | -35.42 | 0.0 |
| 20Q4 (2) | 0.19 | 1800.0 | 0.0 | 6.33 | 42.89 | 0.0 | 0.13 | 107.39 | 0.0 | 4.50 | 3650.0 | 0.0 | 4.50 | 3650.0 | 0.0 | 1.31 | 4266.67 | 0.0 | 0.95 | 691.67 | 0.0 | 0.19 | 11.76 | 0.0 | 8.73 | 59.31 | 0.0 | 51.45 | 8.89 | 0.0 | 3.23 | 100.23 | 0.0 | 97.58 | -93.49 | 0.0 | 17.59 | 62.87 | 0.0 |
| 20Q3 (1) | 0.01 | 0.0 | 0.0 | 4.43 | 0.0 | 0.0 | -1.76 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | 0.12 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 5.48 | 0.0 | 0.0 | 47.25 | 0.0 | 0.0 | -1400.00 | 0.0 | 0.0 | 1500.00 | 0.0 | 0.0 | 10.80 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | -0.47 | 0 | 4.97 | 25.82 | -6.38 | 0 | 4.64 | 3.48 | -2.66 | 0 | -2.99 | 0 | -2.95 | 0 | -1.09 | 0 | 0.62 | -1.59 | 3.62 | 0 | 61.89 | 12.88 | 239.08 | 189.31 | -139.50 | 0 | 0.07 | -10.37 | 16.84 | 15.66 |
| 2023 (9) | -0.99 | 0 | 3.95 | -51.71 | -5.77 | 0 | 4.48 | 5.38 | -6.99 | 0 | -6.29 | 0 | -5.77 | 0 | -3.45 | 0 | 0.63 | 1.61 | -1.37 | 0 | 54.83 | 46.92 | 82.64 | 2291.27 | 17.52 | -81.85 | 0.08 | -2.84 | 14.56 | -3.0 |
| 2022 (8) | 0.69 | -40.0 | 8.18 | 0.25 | 0.17 | -90.45 | 4.25 | 24.6 | 4.87 | -34.72 | 4.86 | -29.05 | 4.31 | -43.29 | 3.48 | -35.91 | 0.62 | -15.07 | 10.20 | -12.37 | 37.32 | -25.83 | 3.46 | -85.5 | 96.54 | 26.74 | 0.08 | -3.53 | 15.01 | 20.18 |
| 2021 (7) | 1.15 | 0 | 8.16 | 151.08 | 1.78 | 0 | 3.41 | -24.59 | 7.46 | 0 | 6.85 | 0 | 7.60 | 0 | 5.43 | 0 | 0.73 | 10.61 | 11.64 | 163.35 | 50.32 | -2.2 | 23.83 | -91.97 | 76.17 | 0 | 0.08 | 33.69 | 12.49 | -2.12 |
| 2020 (6) | -0.13 | 0 | 3.25 | -14.92 | -2.85 | 0 | 4.53 | -30.43 | -0.96 | 0 | -0.97 | 0 | -0.95 | 0 | -0.26 | 0 | 0.66 | -8.33 | 4.42 | 8.07 | 51.45 | 9.68 | 296.70 | 387.25 | -196.70 | 0 | 0.06 | -72.57 | 12.76 | 10.48 |
| 2019 (5) | -1.03 | 0 | 3.82 | -13.18 | -3.02 | 0 | 6.51 | -24.22 | -4.96 | 0 | -5.10 | 0 | -6.37 | 0 | -2.39 | 0 | 0.72 | 44.0 | 4.09 | 42.01 | 46.91 | -49.01 | 60.89 | 7.64 | 39.11 | -9.95 | 0.23 | -33.17 | 11.55 | -8.11 |
| 2018 (4) | -0.98 | 0 | 4.40 | 0 | -4.75 | 0 | 8.58 | -12.4 | -8.40 | 0 | -8.21 | 0 | -7.63 | 0 | -3.22 | 0 | 0.50 | 11.11 | 2.88 | 0 | 91.99 | 20.04 | 56.57 | -43.02 | 43.43 | 5991.01 | 0.34 | -17.68 | 12.57 | -27.47 |
| 2017 (3) | -2.18 | 0 | -7.58 | 0 | -16.92 | 0 | 9.80 | 22.48 | -17.04 | 0 | -15.69 | 0 | -11.80 | 0 | -6.56 | 0 | 0.45 | -16.67 | -5.55 | 0 | 76.63 | 31.01 | 99.29 | -4.61 | 0.71 | 0 | 0.41 | 0 | 17.33 | 17.81 |
| 2016 (2) | -2.88 | 0 | -7.68 | 0 | -15.48 | 0 | 8.00 | -3.79 | -14.88 | 0 | -14.30 | 0 | -11.44 | 0 | -7.68 | 0 | 0.54 | -23.94 | -6.53 | 0 | 58.49 | 58.55 | 104.08 | 31.38 | -4.08 | 0 | 0.00 | 0 | 14.71 | 25.62 |
| 2015 (1) | 2.03 | -53.44 | 14.03 | 0 | 8.49 | 0 | 8.32 | 27.71 | 10.72 | 0 | 8.21 | 0 | 8.03 | 0 | 5.99 | 0 | 0.71 | -24.47 | 19.39 | -18.53 | 36.89 | 0.46 | 79.22 | -2.86 | 20.78 | 12.64 | 0.00 | 0 | 11.71 | 36.32 |