- 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) | -0.11 | -320.0 | 26.67 | 24.84 | -33.1 | 8.33 | -5.27 | -147.22 | 77.49 | -10.11 | -159.37 | 65.91 | -10.25 | -160.19 | 62.11 | -0.46 | -152.87 | 48.89 | -0.08 | -112.9 | 61.9 | 0.02 | -33.33 | 100.0 | 3.58 | -87.4 | 164.39 | 98.18 | 20.84 | -15.42 | 51.35 | -21.75 | -35.2 | 48.65 | 41.52 | 134.4 | 19.07 | 30.62 | -34.58 |
| 24Q2 (19) | 0.05 | 118.52 | 138.46 | 37.13 | 24.51 | 71.5 | 11.16 | 143.22 | 140.83 | 17.03 | 1706.6 | 236.35 | 17.03 | 1855.67 | 236.13 | 0.87 | 2275.0 | 317.5 | 0.62 | 264.71 | 6100.0 | 0.03 | 50.0 | 200.0 | 28.42 | 47.94 | 120.65 | 81.25 | -11.54 | -36.48 | 65.62 | -97.78 | -70.17 | 34.38 | 101.21 | 128.65 | 14.60 | -69.75 | -43.69 |
| 24Q1 (18) | -0.27 | -28.57 | -28.57 | 29.82 | 58.79 | 178.69 | -25.82 | 11.7 | -120.31 | -1.06 | 95.59 | 86.67 | -0.97 | 96.55 | 88.37 | -0.04 | 95.7 | 92.0 | 0.17 | 173.91 | 440.0 | 0.02 | 0.0 | -33.33 | 19.21 | 3794.23 | 360.67 | 91.85 | -21.56 | -22.39 | 2950.00 | 2323.21 | 1893.24 | -2850.00 | -13010.0 | -5837.5 | 48.26 | 14.96 | 192.13 |
| 23Q4 (17) | -0.21 | -40.0 | -110.0 | 18.78 | -18.1 | -22.27 | -29.24 | -24.9 | -963.27 | -24.02 | 19.02 | -447.15 | -28.11 | -3.92 | -372.44 | -0.93 | -3.33 | -121.43 | -0.23 | -9.52 | -1050.0 | 0.02 | 100.0 | -33.33 | -0.52 | 90.65 | -109.3 | 117.10 | 0.88 | -3.88 | 121.74 | 53.62 | 106.96 | -21.74 | -204.74 | -161.59 | 41.98 | 44.01 | 117.4 |
| 23Q3 (16) | -0.15 | -15.38 | -130.0 | 22.93 | 5.91 | -20.08 | -23.41 | 14.34 | -273.41 | -29.66 | -137.47 | -348.62 | -27.05 | -116.23 | -334.0 | -0.90 | -125.0 | -152.94 | -0.21 | -2200.0 | -122.58 | 0.01 | 0.0 | -85.71 | -5.56 | -143.17 | -134.73 | 116.08 | -9.26 | -1.25 | 79.25 | -63.98 | -29.81 | 20.75 | 117.3 | 260.85 | 29.15 | 12.42 | 335.07 |
| 23Q2 (15) | -0.13 | 38.1 | -143.33 | 21.65 | 102.34 | -8.07 | -27.33 | -133.19 | -358.81 | -12.49 | -57.11 | -131.73 | -12.51 | -50.0 | -117.19 | -0.40 | 20.0 | 54.55 | 0.01 | 120.0 | 103.23 | 0.01 | -66.67 | -85.71 | 12.88 | 208.87 | 807.69 | 127.92 | 8.09 | 15.87 | 220.00 | 48.65 | 211.26 | -120.00 | -150.0 | -140.31 | 25.93 | 56.96 | 341.74 |
| 23Q1 (14) | -0.21 | -110.0 | -600.0 | 10.70 | -55.71 | -52.21 | -11.72 | -326.18 | -238.73 | -7.95 | -81.09 | -173.68 | -8.34 | -40.17 | -182.25 | -0.50 | -19.05 | -175.76 | -0.05 | -150.0 | -111.63 | 0.03 | 0.0 | 0.0 | 4.17 | -25.4 | -77.13 | 118.35 | -2.86 | 18.08 | 148.00 | 151.6 | 568.67 | -48.00 | -236.0 | -136.48 | 16.52 | -14.45 | -17.48 |
| 22Q4 (13) | -0.10 | -120.0 | 41.18 | 24.16 | -15.79 | 146.28 | -2.75 | -120.37 | 89.46 | -4.39 | -136.8 | 87.57 | -5.95 | -151.47 | 81.0 | -0.42 | -124.71 | 71.81 | -0.02 | -102.15 | 96.61 | 0.03 | -57.14 | 50.0 | 5.59 | -65.08 | 124.8 | 121.83 | 3.64 | 26.45 | 58.82 | -47.9 | -20.96 | 35.29 | 373.53 | 37.97 | 19.31 | 188.21 | -28.64 |
| 22Q3 (12) | 0.50 | 66.67 | 725.0 | 28.69 | 21.83 | 40.5 | 13.50 | 27.84 | 281.45 | 11.93 | 321.34 | -60.31 | 11.56 | 300.69 | -57.79 | 1.70 | 293.18 | -29.17 | 0.93 | 400.0 | -17.7 | 0.07 | 0.0 | 75.0 | 16.01 | 979.67 | -59.12 | 117.55 | 6.48 | -0.33 | 112.90 | 157.1 | 551.61 | -12.90 | -104.33 | -110.41 | 6.70 | 14.14 | -66.65 |
| 22Q2 (11) | 0.30 | 1100.0 | 528.57 | 23.55 | 5.18 | -1.34 | 10.56 | 405.2 | 618.37 | -5.39 | -149.95 | -106.51 | -5.76 | -156.8 | -67.93 | -0.88 | -233.33 | -183.87 | -0.31 | -172.09 | -616.67 | 0.07 | 133.33 | 133.33 | -1.82 | -109.98 | -129.5 | 110.40 | 10.15 | -44.61 | -197.73 | -526.14 | -196.59 | 297.73 | 126.27 | 78.64 | 5.87 | -70.68 | -59.49 |
| 22Q1 (10) | -0.03 | 82.35 | 85.0 | 22.39 | 128.24 | -3.16 | -3.46 | 86.74 | 47.97 | 10.79 | 130.56 | 170.06 | 10.14 | 132.39 | 164.22 | 0.66 | 144.3 | 150.0 | 0.43 | 172.88 | 265.38 | 0.03 | 50.0 | 0.0 | 18.23 | 180.88 | 541.4 | 100.23 | 4.03 | -49.87 | -31.58 | -142.43 | -176.69 | 131.58 | 414.35 | 135.46 | 20.02 | -26.02 | -16.41 |
| 21Q4 (9) | -0.17 | -112.5 | -213.33 | 9.81 | -51.96 | -79.49 | -26.10 | -250.81 | -283.8 | -35.31 | -217.47 | -747.89 | -31.31 | -214.31 | -378.31 | -1.49 | -162.08 | -233.04 | -0.59 | -152.21 | -198.33 | 0.02 | -50.0 | -50.0 | -22.54 | -157.56 | -260.89 | 96.35 | -18.31 | -43.95 | 74.42 | 397.67 | -71.84 | 25.58 | -79.37 | 115.57 | 27.06 | 34.69 | -30.17 |
| 21Q3 (8) | -0.08 | -14.29 | -112.7 | 20.42 | -14.45 | -46.19 | -7.44 | -606.12 | -514.88 | 30.06 | 1251.72 | 293.69 | 27.39 | 898.54 | -58.65 | 2.40 | 874.19 | 400.0 | 1.13 | 1783.33 | 2925.0 | 0.04 | 33.33 | 100.0 | 39.16 | 534.68 | 806.48 | 117.94 | -40.83 | -29.76 | -25.00 | 62.5 | -375.0 | 124.00 | -25.6 | 36.4 | 20.09 | 38.65 | -2.1 |
| 21Q2 (7) | -0.07 | 65.0 | 74.07 | 23.87 | 3.24 | 380.28 | 1.47 | 122.11 | 122.65 | -2.61 | 83.05 | 50.94 | -3.43 | 78.28 | 51.96 | -0.31 | 76.52 | 80.86 | 0.06 | 123.08 | 115.0 | 0.03 | 0.0 | -70.0 | 6.17 | 249.39 | 402.45 | 199.32 | -0.31 | 13.76 | -66.67 | -261.9 | -154.55 | 166.67 | 198.25 | 850.0 | 14.49 | -39.5 | 0 |
| 21Q1 (6) | -0.20 | -233.33 | 37.5 | 23.12 | -51.67 | -26.7 | -6.65 | -146.83 | 53.79 | -15.40 | -382.57 | 60.34 | -15.79 | -240.36 | -250.89 | -1.32 | -217.86 | 53.36 | -0.26 | -143.33 | 68.29 | 0.03 | -25.0 | 50.0 | -4.13 | -129.48 | 83.48 | 199.93 | 16.31 | 7.92 | 41.18 | -84.42 | 12.3 | 55.88 | 134.02 | -11.76 | 23.95 | -38.19 | -14.74 |
| 20Q4 (5) | 0.15 | -76.19 | 200.0 | 47.84 | 26.06 | 114.72 | 14.20 | 1273.55 | 75.53 | 5.45 | 135.12 | 26.45 | 11.25 | -83.02 | 2656.82 | 1.12 | 240.0 | 21.74 | 0.60 | 1600.0 | 15.38 | 0.04 | 100.0 | -33.33 | 14.01 | 224.31 | 48.73 | 171.89 | 2.38 | -5.65 | 264.29 | 2807.14 | 36.41 | -164.29 | -280.71 | -87.76 | 38.75 | 88.84 | 0 |
| 20Q3 (4) | 0.63 | 333.33 | 0.0 | 37.95 | 663.58 | 0.0 | -1.21 | 81.36 | 0.0 | -15.52 | -191.73 | 0.0 | 66.24 | 1027.73 | 0.0 | -0.80 | 50.62 | 0.0 | -0.04 | 90.0 | 0.0 | 0.02 | -80.0 | 0.0 | 4.32 | 311.76 | 0.0 | 167.90 | -4.17 | 0.0 | 9.09 | -92.56 | 0.0 | 90.91 | 509.09 | 0.0 | 20.52 | 0 | 0.0 |
| 20Q2 (3) | -0.27 | 15.62 | 0.0 | 4.97 | -84.24 | 0.0 | -6.49 | 54.9 | 0.0 | -5.32 | 86.3 | 0.0 | -7.14 | -58.67 | 0.0 | -1.62 | 42.76 | 0.0 | -0.40 | 51.22 | 0.0 | 0.10 | 400.0 | 0.0 | -2.04 | 91.84 | 0.0 | 175.21 | -5.42 | 0.0 | 122.22 | 233.33 | 0.0 | -22.22 | -135.09 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.32 | -113.33 | 0.0 | 31.54 | 41.56 | 0.0 | -14.39 | -277.87 | 0.0 | -38.83 | -1000.93 | 0.0 | -4.50 | -922.73 | 0.0 | -2.83 | -407.61 | 0.0 | -0.82 | -257.69 | 0.0 | 0.02 | -66.67 | 0.0 | -25.00 | -365.39 | 0.0 | 185.25 | 1.69 | 0.0 | 36.67 | -81.08 | 0.0 | 63.33 | 172.38 | 0.0 | 28.09 | 0 | 0.0 |
| 19Q4 (1) | -0.15 | 0.0 | 0.0 | 22.28 | 0.0 | 0.0 | 8.09 | 0.0 | 0.0 | 4.31 | 0.0 | 0.0 | -0.44 | 0.0 | 0.0 | 0.92 | 0.0 | 0.0 | 0.52 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 9.42 | 0.0 | 0.0 | 182.18 | 0.0 | 0.0 | 193.75 | 0.0 | 0.0 | -87.50 | 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) | -0.68 | 0 | 17.24 | -31.56 | -21.18 | 0 | 6.38 | 203.78 | -17.09 | 0 | -17.60 | 0 | -2.68 | 0 | -0.49 | 0 | 0.07 | -66.67 | 2.84 | -66.03 | 117.10 | -3.88 | 123.45 | -49.17 | -24.14 | 0 | 0.60 | -14.14 | 26.78 | 156.27 |
| 2022 (9) | 0.70 | 0 | 25.19 | 30.59 | 7.29 | 0 | 2.10 | -35.98 | 3.00 | 0 | 2.41 | 0 | 1.05 | 0 | 1.03 | 221.88 | 0.21 | 75.0 | 8.36 | 8.29 | 121.83 | 26.45 | 242.86 | -36.22 | -142.86 | 0 | 0.69 | 11.54 | 10.45 | -50.78 |
| 2021 (8) | -0.50 | 0 | 19.29 | -7.88 | -9.58 | 0 | 3.28 | 84.38 | -2.54 | 0 | -2.73 | 0 | -0.71 | 0 | 0.32 | 0 | 0.12 | -29.41 | 7.72 | 0 | 96.35 | -43.95 | 380.77 | 1137.5 | -280.77 | 0 | 0.62 | 636.34 | 21.23 | 24.96 |
| 2020 (7) | 0.20 | 0 | 20.94 | 22.6 | -2.58 | 0 | 1.78 | -50.5 | -8.44 | 0 | 5.26 | 0 | -4.02 | 0 | -0.67 | 0 | 0.17 | 54.55 | -0.97 | 0 | 171.89 | -5.65 | 30.77 | -78.33 | 69.23 | 0 | 0.08 | -14.73 | 16.99 | -38.95 |
| 2019 (6) | -0.96 | 0 | 17.08 | -41.77 | -15.91 | 0 | 3.60 | 242.08 | -11.18 | 0 | -10.36 | 0 | -3.06 | 0 | -0.91 | 0 | 0.11 | -62.07 | -2.90 | 0 | 182.18 | 91.35 | 141.98 | 210.88 | -41.98 | 0 | 0.10 | -28.03 | 27.83 | 90.1 |
| 2018 (5) | 1.39 | -56.15 | 29.33 | -0.07 | 7.61 | -54.46 | 1.05 | 74.67 | 16.70 | -5.54 | 15.22 | 0.79 | 8.17 | -42.02 | 4.65 | -39.84 | 0.29 | -40.82 | 18.73 | -2.04 | 95.21 | 35.3 | 45.67 | -51.67 | 54.33 | 888.3 | 0.14 | 0 | 14.64 | 70.83 |
| 2017 (4) | 3.17 | 0 | 29.35 | 45.87 | 16.71 | 0 | 0.60 | -73.38 | 17.68 | 0 | 15.10 | 0 | 14.09 | 0 | 7.73 | 0 | 0.49 | 226.67 | 19.12 | 0 | 70.37 | -39.97 | 94.50 | -18.56 | 5.50 | 0 | 0.00 | 0 | 8.57 | -70.16 |
| 2016 (3) | -0.81 | 0 | 20.12 | 23.82 | -21.35 | 0 | 2.26 | 33.71 | -18.46 | 0 | -18.13 | 0 | -5.49 | 0 | -2.33 | 0 | 0.15 | -40.0 | -13.22 | 0 | 117.22 | 28.32 | 116.04 | 24.0 | -16.04 | 0 | 0.00 | 0 | 28.72 | 56.17 |
| 2015 (2) | -0.88 | 0 | 16.25 | 32.65 | -12.36 | 0 | 1.69 | -29.34 | -13.21 | 0 | -14.78 | 0 | -6.91 | 0 | -3.25 | 0 | 0.25 | -7.41 | -9.42 | 0 | 91.35 | 6.59 | 93.58 | 0 | 6.42 | -99.74 | 0.00 | 0 | 18.39 | 24.93 |
| 2014 (1) | -0.33 | 0 | 12.25 | 0 | -20.67 | 0 | 2.39 | -43.19 | 0.87 | 0 | -4.47 | 0 | -2.26 | 0 | -0.74 | 0 | 0.27 | -46.0 | 5.42 | 0 | 85.70 | -7.81 | -2342.86 | 0 | 2442.86 | 6351.65 | 0.00 | 0 | 14.72 | 8.71 |
