- 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) | -0.89 | -15.58 | -30.88 | -28.40 | 6.98 | 32.97 | -133.25 | -50.02 | -77.19 | -173.79 | -98.1 | -143.85 | -173.78 | -98.06 | -143.76 | -3.84 | -19.25 | -60.0 | -3.47 | -19.24 | -50.87 | 0.02 | -33.33 | -33.33 | -130.77 | -103.76 | -144.8 | 9.76 | -6.51 | 70.33 | 76.47 | -24.17 | -27.7 | 23.53 | 2876.47 | 507.84 | 56.25 | 46.18 | 106.12 |
| 24Q2 (19) | -0.77 | -16.67 | -20.31 | -30.53 | 54.36 | 12.55 | -88.82 | 34.05 | -39.79 | -87.73 | 34.26 | -50.17 | -87.74 | 33.71 | -48.28 | -3.22 | -18.82 | -45.7 | -2.91 | -18.78 | -35.98 | 0.03 | 50.0 | -25.0 | -64.18 | 28.27 | -38.35 | 10.44 | 10.48 | 191.62 | 100.85 | -0.13 | -6.84 | -0.85 | 13.56 | 89.72 | 38.48 | -34.55 | 55.1 |
| 24Q1 (18) | -0.66 | 82.45 | -20.0 | -66.90 | -92.35 | -76.38 | -134.67 | -92.63 | -64.07 | -133.46 | 68.07 | -70.99 | -132.36 | 68.32 | -76.34 | -2.71 | 81.01 | -47.28 | -2.45 | 81.51 | -37.64 | 0.02 | -33.33 | 0.0 | -89.47 | 77.59 | -74.3 | 9.45 | -5.97 | 188.11 | 100.98 | 504.83 | -3.41 | -0.98 | -101.18 | 82.75 | 58.79 | 118.55 | 83.03 |
| 23Q4 (17) | -3.76 | -452.94 | -415.07 | -34.78 | 17.91 | 5.87 | -69.91 | 7.03 | 6.61 | -417.92 | -486.39 | -433.13 | -417.75 | -485.99 | -419.65 | -14.27 | -494.58 | -502.11 | -13.25 | -476.09 | -476.09 | 0.03 | 0.0 | 0.0 | -399.28 | -647.44 | -568.7 | 10.05 | 75.39 | 231.68 | 16.70 | -84.22 | -82.5 | 83.30 | 1543.94 | 1716.03 | 26.90 | -1.43 | -7.91 |
| 23Q3 (16) | -0.68 | -6.25 | 11.69 | -42.37 | -21.37 | 9.25 | -75.20 | -18.35 | 18.94 | -71.27 | -22.0 | 26.74 | -71.29 | -20.48 | 27.02 | -2.40 | -8.6 | 0.83 | -2.30 | -7.48 | 1.71 | 0.03 | -25.0 | 50.0 | -53.42 | -15.15 | 28.77 | 5.73 | 60.06 | 77.4 | 105.77 | -2.29 | 11.49 | -5.77 | 30.05 | -235.0 | 27.29 | 10.0 | -26.52 |
| 23Q2 (15) | -0.64 | -16.36 | 5.88 | -34.91 | 7.96 | 42.7 | -63.54 | 22.59 | 32.3 | -58.42 | 25.15 | 35.67 | -59.17 | 21.17 | 34.78 | -2.21 | -20.11 | -5.24 | -2.14 | -20.22 | -4.9 | 0.04 | 100.0 | 100.0 | -46.39 | 9.62 | 37.96 | 3.58 | 9.15 | 9.82 | 108.25 | 3.54 | 5.24 | -8.25 | -45.15 | -188.66 | 24.81 | -22.76 | -45.68 |
| 23Q1 (14) | -0.55 | 24.66 | 12.7 | -37.93 | -2.65 | 37.19 | -82.08 | -9.64 | 2.86 | -78.05 | 0.43 | -0.81 | -75.06 | 6.63 | 2.67 | -1.84 | 22.36 | 3.66 | -1.78 | 22.61 | 4.3 | 0.02 | -33.33 | 0.0 | -51.33 | 14.03 | 25.39 | 3.28 | 8.25 | 18.41 | 104.55 | 9.57 | -4.33 | -5.68 | -223.86 | 38.76 | 32.12 | 9.96 | -36.62 |
| 22Q4 (13) | -0.73 | 5.19 | 42.06 | -36.95 | 20.86 | 46.11 | -74.86 | 19.31 | 17.36 | -78.39 | 19.43 | 23.66 | -80.39 | 17.71 | 21.8 | -2.37 | 2.07 | 37.8 | -2.30 | 1.71 | 37.67 | 0.03 | 50.0 | -25.0 | -59.71 | 20.39 | 37.27 | 3.03 | -6.19 | -7.9 | 95.41 | 0.57 | 8.32 | 4.59 | 7.34 | -61.51 | 29.21 | -21.35 | -30.35 |
| 22Q3 (12) | -0.77 | -13.24 | 8.33 | -46.69 | 23.37 | 17.67 | -92.77 | 1.15 | -23.17 | -97.29 | -7.12 | -35.75 | -97.69 | -7.68 | -36.48 | -2.42 | -15.24 | 1.63 | -2.34 | -14.71 | 2.09 | 0.02 | 0.0 | -33.33 | -75.00 | -0.29 | -17.76 | 3.23 | -0.92 | 2.54 | 94.87 | -7.76 | -10.05 | 4.27 | 249.57 | 178.14 | 37.14 | -18.68 | -9.17 |
| 22Q2 (11) | -0.68 | -7.94 | 12.82 | -60.93 | -0.89 | -9.88 | -93.85 | -11.07 | -18.05 | -90.82 | -17.31 | -25.88 | -90.72 | -17.63 | -26.0 | -2.10 | -9.95 | 5.41 | -2.04 | -9.68 | 5.56 | 0.02 | 0.0 | -33.33 | -74.78 | -8.69 | -10.16 | 3.26 | 17.69 | 24.9 | 102.86 | -5.88 | -6.56 | -2.86 | 69.21 | 71.67 | 45.67 | -9.89 | 24.65 |
| 22Q1 (10) | -0.63 | 50.0 | -31.25 | -60.39 | 11.93 | -25.47 | -84.50 | 6.72 | -14.61 | -77.42 | 24.6 | -22.25 | -77.12 | 24.98 | -26.12 | -1.91 | 49.87 | -41.48 | -1.86 | 49.59 | -41.98 | 0.02 | -50.0 | 0.0 | -68.80 | 27.72 | -34.22 | 2.77 | -15.81 | -10.65 | 109.28 | 24.06 | -5.62 | -9.28 | -177.86 | 41.24 | 50.68 | 20.84 | -3.41 |
| 21Q4 (9) | -1.26 | -50.0 | -63.64 | -68.57 | -20.91 | -81.02 | -90.59 | -20.27 | -34.35 | -102.68 | -43.27 | -54.45 | -102.80 | -43.62 | -58.91 | -3.81 | -54.88 | -77.21 | -3.69 | -54.39 | -77.4 | 0.04 | 33.33 | 33.33 | -95.19 | -49.46 | -68.21 | 3.29 | 4.44 | 24.15 | 88.08 | -16.48 | -13.35 | 11.92 | 317.91 | 820.98 | 41.94 | 2.57 | 9.33 |
| 21Q3 (8) | -0.84 | -7.69 | -27.27 | -56.71 | -2.27 | -74.22 | -75.32 | 5.26 | -62.22 | -71.67 | 0.67 | -50.57 | -71.58 | 0.58 | -53.21 | -2.46 | -10.81 | -35.91 | -2.39 | -10.65 | -37.36 | 0.03 | 0.0 | -25.0 | -63.69 | 6.17 | -53.84 | 3.15 | 20.69 | -18.18 | 105.47 | -4.19 | 7.58 | -5.47 | 45.77 | -285.94 | 40.89 | 11.6 | 3.08 |
| 21Q2 (7) | -0.78 | -62.5 | -44.44 | -55.45 | -15.21 | -68.8 | -79.50 | -7.83 | -54.85 | -72.15 | -13.93 | -43.52 | -72.00 | -17.74 | -43.31 | -2.22 | -64.44 | -50.0 | -2.16 | -64.89 | -52.11 | 0.03 | 50.0 | 0.0 | -67.88 | -32.42 | -60.02 | 2.61 | -15.81 | -27.09 | 110.08 | -4.93 | 7.49 | -10.08 | 36.13 | -318.49 | 36.64 | -30.17 | 0 |
| 21Q1 (6) | -0.48 | 37.66 | 17.24 | -48.13 | -27.06 | 31.78 | -73.73 | -9.34 | 25.71 | -63.33 | 4.74 | 31.72 | -61.15 | 5.47 | 34.92 | -1.35 | 37.21 | 11.76 | -1.31 | 37.02 | 10.88 | 0.02 | -33.33 | 0.0 | -51.26 | 9.42 | 34.88 | 3.10 | 16.98 | 4.73 | 115.79 | 13.91 | 8.4 | -15.79 | -855.26 | -131.58 | 52.47 | 36.78 | 0 |
| 20Q4 (5) | -0.77 | -16.67 | 47.62 | -37.88 | -16.37 | -29.73 | -67.43 | -45.23 | -54.34 | -66.48 | -39.66 | 17.9 | -64.69 | -38.46 | 19.76 | -2.15 | -18.78 | 42.51 | -2.08 | -19.54 | 41.74 | 0.03 | -25.0 | -25.0 | -56.59 | -36.69 | 24.37 | 2.65 | -31.17 | -41.5 | 101.65 | 3.69 | 87.47 | -1.65 | -156.2 | -103.58 | 38.36 | -3.3 | 24.83 |
| 20Q3 (4) | -0.66 | -22.22 | 0.0 | -32.55 | 0.91 | 0.0 | -46.43 | 9.56 | 0.0 | -47.60 | 5.31 | 0.0 | -46.72 | 7.01 | 0.0 | -1.81 | -22.3 | 0.0 | -1.74 | -22.54 | 0.0 | 0.04 | 33.33 | 0.0 | -41.40 | 2.4 | 0.0 | 3.85 | 7.54 | 0.0 | 98.04 | -4.27 | 0.0 | 2.94 | 222.06 | 0.0 | 39.67 | 0 | 0.0 |
| 20Q2 (3) | -0.54 | 6.9 | 0.0 | -32.85 | 53.44 | 0.0 | -51.34 | 48.27 | 0.0 | -50.27 | 45.8 | 0.0 | -50.24 | 46.53 | 0.0 | -1.48 | 3.27 | 0.0 | -1.42 | 3.4 | 0.0 | 0.03 | 50.0 | 0.0 | -42.42 | 46.11 | 0.0 | 3.58 | 20.95 | 0.0 | 102.41 | -4.13 | 0.0 | -2.41 | 64.66 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.58 | 60.54 | 0.0 | -70.55 | -141.61 | 0.0 | -99.25 | -127.17 | 0.0 | -92.75 | -14.55 | 0.0 | -93.96 | -16.55 | 0.0 | -1.53 | 59.09 | 0.0 | -1.47 | 58.82 | 0.0 | 0.02 | -50.0 | 0.0 | -78.72 | -5.21 | 0.0 | 2.96 | -34.66 | 0.0 | 106.82 | 97.0 | 0.0 | -6.82 | -114.75 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.47 | 0.0 | 0.0 | -29.20 | 0.0 | 0.0 | -43.69 | 0.0 | 0.0 | -80.97 | 0.0 | 0.0 | -80.62 | 0.0 | 0.0 | -3.74 | 0.0 | 0.0 | -3.57 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | -74.82 | 0.0 | 0.0 | 4.53 | 0.0 | 0.0 | 54.22 | 0.0 | 0.0 | 46.22 | 0.0 | 0.0 | 30.73 | 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) | -5.64 | 0 | -37.42 | 0 | -71.84 | 0 | 17.62 | 8.52 | -153.72 | 0 | -153.31 | 0 | -20.59 | 0 | -19.39 | 0 | 0.13 | 30.0 | -135.94 | 0 | 10.05 | 231.68 | 46.76 | -53.46 | 53.24 | 0 | 0.00 | 0 | 27.43 | -31.92 |
| 2022 (9) | -2.81 | 0 | -50.69 | 0 | -85.96 | 0 | 16.23 | 115.66 | -85.55 | 0 | -86.11 | 0 | -8.92 | 0 | -8.63 | 0 | 0.10 | -16.67 | -69.14 | 0 | 3.03 | -7.9 | 100.47 | -1.26 | -0.47 | 0 | 0.00 | 0 | 40.29 | -4.62 |
| 2021 (8) | -3.35 | 0 | -58.23 | 0 | -80.49 | 0 | 7.53 | -11.83 | -79.20 | 0 | -78.77 | 0 | -9.84 | 0 | -9.55 | 0 | 0.12 | 9.09 | -71.43 | 0 | 3.29 | 24.15 | 101.75 | -0.03 | -1.55 | 0 | 0.00 | 0 | 42.24 | -4.67 |
| 2020 (7) | -2.55 | 0 | -39.56 | 0 | -61.08 | 0 | 8.54 | 45.25 | -59.99 | 0 | -59.38 | 0 | -6.91 | 0 | -6.64 | 0 | 0.11 | -38.89 | -51.07 | 0 | 2.65 | -41.5 | 101.78 | 19.38 | -1.78 | 0 | 0.00 | 0 | 44.31 | 60.2 |
| 2019 (6) | -2.87 | 0 | -18.48 | 0 | -31.98 | 0 | 5.88 | 429.47 | -37.50 | 0 | -37.88 | 0 | -7.07 | 0 | -6.75 | 0 | 0.18 | -40.0 | -31.29 | 0 | 4.53 | 24.45 | 85.25 | 16.13 | 14.75 | -44.54 | 0.00 | 0 | 27.66 | 74.62 |
| 2018 (5) | 0.97 | -85.33 | 16.86 | -50.97 | 6.14 | -78.57 | 1.11 | 57.58 | 8.34 | -71.64 | 6.50 | -73.49 | 2.05 | -84.61 | 1.95 | -84.3 | 0.30 | -41.18 | 9.94 | -67.15 | 3.64 | -41.48 | 73.41 | -24.63 | 26.59 | 924.72 | 0.00 | 0 | 15.84 | 61.47 |
| 2017 (4) | 6.61 | -13.93 | 34.39 | 0.7 | 28.65 | -5.57 | 0.70 | 1.13 | 29.41 | -6.72 | 24.52 | -8.2 | 13.32 | -12.43 | 12.42 | -9.67 | 0.51 | 0.0 | 30.26 | -6.43 | 6.22 | -26.04 | 97.41 | 1.2 | 2.59 | -32.47 | 0.00 | 0 | 9.81 | 3.92 |
| 2016 (3) | 7.68 | 2.26 | 34.15 | 2.49 | 30.34 | 2.09 | 0.70 | -17.5 | 31.53 | -2.11 | 26.71 | -1.0 | 15.21 | -5.59 | 13.75 | -3.98 | 0.51 | -3.77 | 32.34 | -2.71 | 8.41 | -36.09 | 96.25 | 4.36 | 3.84 | -50.53 | 0.00 | 0 | 9.44 | 0.53 |
| 2015 (2) | 7.51 | -29.15 | 33.32 | -11.05 | 29.72 | -10.62 | 0.84 | -18.34 | 32.21 | -10.08 | 26.98 | -10.63 | 16.11 | -28.72 | 14.32 | -27.38 | 0.53 | -18.46 | 33.24 | -10.38 | 13.16 | 5.03 | 92.23 | -0.6 | 7.77 | 7.67 | 0.00 | 0 | 9.39 | 0.21 |
| 2014 (1) | 10.60 | 5.16 | 37.46 | 0 | 33.25 | 0 | 1.03 | -29.11 | 35.82 | 0 | 30.19 | 0 | 22.60 | 0 | 19.72 | 0 | 0.65 | -27.78 | 37.09 | 11.55 | 12.53 | -34.81 | 92.79 | -8.73 | 7.21 | 0 | 0.00 | 0 | 9.37 | -1.68 |
