- 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) | -0.47 | -4.44 | -17.5 | 18.38 | -39.86 | 544.91 | 846.45 | 224.69 | 284.85 | -2897.97 | -187.82 | -409.1 | -2897.97 | -187.82 | -409.1 | -2.14 | -6.47 | -15.68 | -0.15 | 16.67 | 6.25 | 0.00 | 0 | 0 | -200.00 | -33.33 | -300.0 | 318.90 | 12.75 | 18.53 | -30.77 | -145.25 | -139.82 | 126.92 | 296.63 | 598.08 | 1237.66 | 187.57 | 314.02 |
| 24Q2 (19) | -0.45 | 30.77 | 18.18 | 30.56 | 480.99 | 7.23 | -678.84 | -41.87 | -18.25 | -1006.86 | -10.8 | -6.7 | -1006.86 | -10.8 | -6.7 | -2.01 | 28.21 | 19.6 | -0.18 | 57.14 | 50.0 | 0.00 | 0 | 0 | -150.00 | 57.14 | 59.09 | 282.83 | 5.16 | 7.09 | 68.00 | 32.22 | 13.33 | 32.00 | -34.12 | -20.0 | 430.39 | 43.8 | 19.02 |
| 24Q1 (18) | -0.65 | -130.95 | -54.76 | 5.26 | 223.47 | -82.71 | -478.48 | 26.48 | -205.52 | -908.70 | -128.53 | -300.04 | -908.70 | -128.58 | -300.04 | -2.80 | -129.76 | -49.73 | -0.42 | -114.14 | -61.54 | 0.00 | 0 | 0 | -350.00 | -110.37 | -400.0 | 268.96 | 6.65 | 4.48 | 51.43 | 354.91 | -26.07 | 48.57 | -59.88 | 59.59 | 299.30 | -20.79 | 155.03 |
| 23Q4 (17) | 2.10 | 625.0 | 10.53 | -4.26 | -249.47 | -136.54 | -650.86 | -42.14 | -220.4 | 3184.76 | 659.49 | 182.75 | 3179.94 | 658.64 | 180.55 | 9.41 | 608.65 | 7.42 | 2.97 | 1956.25 | -0.34 | 0.00 | 0 | 0 | 3375.00 | 6850.0 | 161.85 | 252.18 | -6.27 | 16.7 | -20.18 | -126.11 | -14.33 | 121.05 | 565.79 | 2.04 | 377.88 | 26.41 | 170.61 |
| 23Q3 (16) | -0.40 | 27.27 | 16.67 | 2.85 | -90.0 | 102.31 | -457.90 | 20.24 | 53.98 | -569.23 | 39.68 | 56.33 | -569.23 | 39.68 | 56.33 | -1.85 | 26.0 | 19.91 | -0.16 | 55.56 | 64.44 | 0.00 | 0 | 0 | -50.00 | 86.36 | 92.86 | 269.04 | 1.87 | 15.85 | 77.27 | 28.79 | 0.45 | 18.18 | -54.55 | -21.21 | 298.94 | -17.33 | -42.8 |
| 23Q2 (15) | -0.55 | -30.95 | -7.84 | 28.50 | -6.31 | 155.87 | -574.07 | -266.56 | -16.56 | -943.64 | -315.43 | -51.84 | -943.64 | -315.43 | -51.84 | -2.50 | -33.69 | -5.49 | -0.36 | -38.46 | 32.08 | 0.00 | 0 | 0 | -366.67 | -423.81 | 13.72 | 264.11 | 2.6 | 18.81 | 60.00 | -13.75 | -23.64 | 40.00 | 31.43 | 86.67 | 361.62 | 208.13 | 22.73 |
| 23Q1 (14) | -0.42 | -122.11 | 16.0 | 30.42 | 160.89 | 145.65 | -156.61 | 22.91 | 58.59 | -227.15 | -120.17 | 56.8 | -227.15 | -120.04 | 56.8 | -1.87 | -121.35 | 18.34 | -0.26 | -108.72 | 52.73 | 0.00 | 0 | 0 | -70.00 | -105.43 | 79.41 | 257.42 | 19.12 | 20.85 | 69.57 | 494.2 | -6.09 | 30.43 | -74.34 | 2.72 | 117.36 | -15.96 | -49.28 |
| 22Q4 (13) | 1.90 | 495.83 | 75.93 | 11.66 | 109.44 | 103.17 | -203.14 | 79.59 | 88.32 | 1126.37 | 186.4 | -30.26 | 1133.46 | 186.95 | -25.89 | 8.76 | 479.22 | 3.67 | 2.98 | 762.22 | 35.45 | 0.00 | 0 | 0 | 1288.89 | 284.13 | -29.38 | 216.10 | -6.95 | 11.13 | -17.65 | -122.94 | 83.67 | 118.63 | 414.05 | -42.99 | 139.64 | -73.28 | 6.32 |
| 22Q3 (12) | -0.48 | 5.88 | 20.0 | -123.58 | -142.27 | 19.23 | -995.10 | -102.05 | -204.38 | -1303.62 | -109.76 | -216.45 | -1303.62 | -109.76 | -216.45 | -2.31 | 2.53 | 86.05 | -0.45 | 15.09 | 56.73 | 0.00 | 0 | 0 | -700.00 | -64.71 | -166.67 | 232.23 | 4.47 | -81.26 | 76.92 | -2.1 | -2.37 | 23.08 | 7.69 | 8.79 | 522.59 | 77.36 | 219.65 |
| 22Q2 (11) | -0.51 | -2.0 | 45.16 | -51.01 | 23.45 | 49.95 | -492.51 | -30.22 | -243.81 | -621.48 | -18.19 | -81.6 | -621.48 | -18.19 | -80.69 | -2.37 | -3.49 | 88.78 | -0.53 | 3.64 | 69.89 | 0.00 | 0 | -100.0 | -425.00 | -25.0 | -63.46 | 222.29 | 4.36 | -78.9 | 78.57 | 6.07 | 87.07 | 21.43 | -27.68 | -63.05 | 294.65 | 27.33 | -5.08 |
| 22Q1 (10) | -0.50 | -146.3 | 81.2 | -66.64 | 81.91 | 88.83 | -378.21 | 78.26 | 63.1 | -525.81 | -132.55 | 51.2 | -525.81 | -134.38 | 53.02 | -2.29 | -127.1 | 94.67 | -0.55 | -125.0 | 90.61 | 0.00 | 0 | -100.0 | -340.00 | -118.63 | 64.35 | 213.00 | 9.54 | -74.41 | 74.07 | 168.55 | -22.0 | 29.63 | -85.76 | 488.36 | 231.41 | 76.19 | 18.54 |
| 21Q4 (9) | 1.08 | 280.0 | 242.11 | -368.40 | -140.78 | -88.64 | -1739.56 | -432.09 | -410.94 | 1615.15 | 492.07 | 1435.06 | 1529.47 | 471.28 | 1154.08 | 8.45 | 151.03 | 187.38 | 2.20 | 311.54 | 235.8 | 0.00 | 0 | -100.0 | 1825.00 | 795.24 | 2654.95 | 194.45 | -84.31 | -56.61 | -108.06 | -237.16 | -137.88 | 208.06 | 880.88 | 212.29 | 131.34 | -19.66 | 40.68 |
| 21Q3 (8) | -0.60 | 35.48 | 46.9 | -153.00 | -50.12 | 41.96 | -326.93 | -128.22 | 6.96 | -411.95 | -20.38 | -12.19 | -411.95 | -19.77 | -12.2 | -16.56 | 21.63 | -29.27 | -1.04 | 40.91 | 57.38 | 0.00 | -100.0 | -100.0 | -262.50 | -0.96 | -1.42 | 1239.26 | 17.62 | 211.28 | 78.79 | 87.59 | -18.54 | 21.21 | -63.43 | 331.31 | 163.49 | -47.33 | 2.58 |
| 21Q2 (7) | -0.93 | 65.04 | 23.77 | -101.92 | 82.91 | 59.31 | -143.25 | 86.03 | 55.56 | -342.22 | 68.24 | -8.12 | -343.95 | 69.27 | -8.72 | -21.13 | 50.84 | -72.77 | -1.76 | 69.97 | 31.52 | 0.01 | 0.0 | 0.0 | -260.00 | 72.74 | -16.17 | 1053.64 | 26.61 | 199.21 | 42.00 | -55.77 | -58.63 | 58.00 | 1051.71 | 3928.0 | 310.41 | 59.01 | 0 |
| 21Q1 (6) | -2.66 | -250.0 | -141.82 | -596.52 | -205.45 | -505.67 | -1025.05 | -201.08 | -594.85 | -1077.49 | -790.63 | -518.36 | -1119.17 | -671.31 | -540.99 | -42.98 | -344.47 | -337.23 | -5.86 | -261.73 | -171.3 | 0.01 | 0.0 | 0.0 | -953.85 | -1235.36 | -753.48 | 832.21 | 85.71 | 164.84 | 94.96 | -66.71 | 12.06 | 5.04 | 102.72 | -66.99 | 195.22 | 109.1 | 144.18 |
| 20Q4 (5) | -0.76 | 32.74 | 28.97 | -195.29 | 25.91 | -45.32 | -340.46 | 3.11 | -82.67 | -120.98 | 67.05 | 35.33 | -145.10 | 60.48 | 22.04 | -9.67 | 24.51 | -10.51 | -1.62 | 33.61 | 20.98 | 0.01 | 0.0 | 0.0 | -71.43 | 72.4 | 41.73 | 448.12 | 12.56 | 56.35 | 285.29 | 194.97 | 185.29 | -185.29 | -3867.65 | 0 | 93.36 | -41.42 | 12.67 |
| 20Q3 (4) | -1.13 | 7.38 | 0.0 | -263.59 | -5.22 | 0.0 | -351.38 | -9.02 | 0.0 | -367.18 | -16.01 | 0.0 | -367.16 | -16.06 | 0.0 | -12.81 | -4.74 | 0.0 | -2.44 | 5.06 | 0.0 | 0.01 | 0.0 | 0.0 | -258.82 | -15.64 | 0.0 | 398.12 | 13.06 | 0.0 | 96.72 | -4.72 | 0.0 | 4.92 | 424.59 | 0.0 | 159.38 | 0 | 0.0 |
| 20Q2 (3) | -1.22 | -10.91 | 0.0 | -250.51 | -154.35 | 0.0 | -322.31 | -118.49 | 0.0 | -316.51 | -81.64 | 0.0 | -316.36 | -81.19 | 0.0 | -12.23 | -24.42 | 0.0 | -2.57 | -18.98 | 0.0 | 0.01 | 0.0 | 0.0 | -223.81 | -100.26 | 0.0 | 352.14 | 12.06 | 0.0 | 101.52 | 19.79 | 0.0 | -1.52 | -109.93 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -1.10 | -2.8 | 0.0 | -98.49 | 26.71 | 0.0 | -147.52 | 20.85 | 0.0 | -174.25 | 6.85 | 0.0 | -174.60 | 6.19 | 0.0 | -9.83 | -12.34 | 0.0 | -2.16 | -5.37 | 0.0 | 0.01 | 0.0 | 0.0 | -111.76 | 8.83 | 0.0 | 314.23 | 9.64 | 0.0 | 84.75 | -15.25 | 0.0 | 15.25 | 0 | 0.0 | 79.95 | -3.51 | 0.0 |
| 19Q4 (1) | -1.07 | 0.0 | 0.0 | -134.39 | 0.0 | 0.0 | -186.38 | 0.0 | 0.0 | -187.06 | 0.0 | 0.0 | -186.12 | 0.0 | 0.0 | -8.75 | 0.0 | 0.0 | -2.05 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -122.58 | 0.0 | 0.0 | 286.61 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 82.86 | 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) | 0.74 | 85.0 | 19.01 | 0 | -362.24 | 0 | 19.05 | 33.33 | 195.01 | 91.22 | 194.17 | 84.77 | 3.20 | 78.77 | 2.31 | 50.0 | 0.00 | 0 | 547.62 | 69.12 | 252.18 | 16.7 | -187.50 | 0 | 287.50 | -40.22 | 0.00 | 0 | 233.65 | 0.25 |
| 2022 (9) | 0.40 | 0 | -34.52 | 0 | -386.00 | 0 | 14.29 | -57.14 | 101.98 | 0 | 105.09 | 0 | 1.79 | 0 | 1.54 | 0 | 0.01 | 0.0 | 323.81 | 0 | 216.10 | 11.13 | -380.95 | 0 | 480.95 | 0 | 0.00 | 0 | 233.07 | 3.35 |
| 2021 (8) | -3.10 | 0 | -300.35 | 0 | -625.14 | 0 | 33.33 | -18.7 | -406.27 | 0 | -428.94 | 0 | -20.87 | 0 | -4.85 | 0 | 0.01 | -75.0 | -284.62 | 0 | 194.45 | -56.61 | 153.75 | 24.46 | -53.75 | 0 | 0.00 | 0 | 225.52 | 113.5 |
| 2020 (7) | -4.20 | 0 | -185.29 | 0 | -272.87 | 0 | 41.00 | 27.82 | -220.97 | 0 | -227.91 | 0 | -43.78 | 0 | -8.68 | 0 | 0.04 | -50.0 | -149.00 | 0 | 448.12 | 56.35 | 123.53 | 37.68 | -23.53 | 0 | 0.00 | 0 | 105.63 | 102.55 |
| 2019 (6) | -3.94 | 0 | -57.31 | 0 | -90.97 | 0 | 32.08 | 172.02 | -101.23 | 0 | -101.21 | 0 | -28.84 | 0 | -7.32 | 0 | 0.08 | -74.19 | -53.30 | 0 | 286.61 | 33.77 | 89.72 | -3.17 | 10.28 | 40.07 | 0.00 | 0 | 52.15 | 189.24 |
| 2018 (5) | -4.01 | 0 | -17.17 | 0 | -30.97 | 0 | 11.79 | 144.49 | -33.35 | 0 | -33.37 | 0 | -46.51 | 0 | -9.03 | 0 | 0.31 | -68.37 | -16.54 | 0 | 214.25 | -87.39 | 92.66 | 1.61 | 7.34 | -16.64 | 0.00 | 0 | 18.03 | 102.81 |
| 2017 (4) | -7.42 | 0 | -9.52 | 0 | -17.72 | 0 | 4.82 | 3.21 | -19.41 | 0 | -19.64 | 0 | -164.12 | 0 | -17.92 | 0 | 0.98 | 2.08 | -13.00 | 0 | 1698.58 | 251.72 | 91.19 | -4.49 | 8.81 | 94.81 | 0.00 | 0 | 8.89 | 1.83 |
| 2016 (3) | -1.47 | 0 | -0.15 | 0 | -9.85 | 0 | 4.67 | -26.15 | -10.34 | 0 | -10.58 | 0 | -44.70 | 0 | -9.20 | 0 | 0.96 | 26.32 | -4.50 | 0 | 482.94 | 88.46 | 95.48 | -19.14 | 4.52 | 0 | 0.00 | 0 | 8.73 | -13.74 |
| 2015 (2) | -1.46 | 0 | -3.90 | 0 | -14.38 | 0 | 6.33 | 25.86 | -12.18 | 0 | -12.38 | 0 | -29.72 | 0 | -8.54 | 0 | 0.76 | -23.23 | -4.47 | 0 | 256.25 | 35.92 | 118.08 | 0.21 | -18.08 | 0 | 0.00 | 0 | 10.12 | 29.74 |
| 2014 (1) | -1.32 | 0 | -0.79 | 0 | -9.22 | 0 | 5.03 | 10.09 | -7.83 | 0 | -7.97 | 0 | -20.09 | 0 | -7.19 | 0 | 0.99 | -1.98 | -1.94 | 0 | 188.53 | 48.37 | 117.83 | -1.94 | -17.83 | 0 | 0.00 | 0 | 7.80 | 5.26 |
