- 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) | 0.32 | 23.08 | -28.89 | -27.73 | -69.71 | -407.88 | -60.60 | -13.4 | -47.37 | 130.11 | 160.17 | -35.41 | 104.09 | -28.3 | -43.64 | 0.98 | 12.64 | -46.15 | 0.91 | 15.19 | -41.67 | 0.01 | 0.0 | 0.0 | 140.00 | 129.1 | -32.33 | 6.76 | -26.28 | -72.71 | -46.15 | 58.46 | -123.08 | 148.72 | -29.55 | 23.22 | 39.25 | -28.07 | -9.29 |
| 24Q2 (19) | 0.26 | 1200.0 | 2700.0 | -16.34 | 25.01 | 84.99 | -53.44 | -32.54 | 60.27 | 50.01 | 705.31 | 1150.25 | 145.18 | 2827.02 | 3476.28 | 0.87 | 1142.86 | 2275.0 | 0.79 | 1216.67 | 2733.33 | 0.01 | 0.0 | 0.0 | 61.11 | 388.88 | 429.55 | 9.17 | 0.88 | -12.08 | -111.11 | 86.11 | 96.83 | 211.11 | -77.78 | -94.14 | 54.57 | 125.87 | 50.45 |
| 24Q1 (18) | 0.02 | 122.22 | -90.48 | -21.79 | -191.7 | -17.15 | -40.32 | -55.5 | 5.46 | 6.21 | 115.38 | -95.14 | 4.96 | 115.36 | -93.76 | 0.07 | 118.42 | -92.71 | 0.06 | 118.75 | -93.18 | 0.01 | 0.0 | 0.0 | 12.50 | 137.5 | -90.56 | 9.09 | -8.0 | -3.3 | -800.00 | -1255.56 | -2250.0 | 950.00 | 2370.0 | 608.73 | 24.16 | -2.19 | -20.32 |
| 23Q4 (17) | -0.09 | -120.0 | -190.0 | -7.47 | -36.81 | -118.86 | -25.93 | 36.94 | -231.36 | -40.37 | -120.04 | -194.7 | -32.29 | -117.48 | -194.69 | -0.38 | -120.88 | -184.44 | -0.32 | -120.51 | -178.05 | 0.01 | 0.0 | 0.0 | -33.33 | -116.11 | -170.17 | 9.88 | -60.11 | 8.69 | 69.23 | 434.62 | 47.12 | 38.46 | -68.13 | -27.35 | 24.70 | -42.92 | -3.74 |
| 23Q3 (16) | 0.45 | 4600.0 | 221.43 | -5.46 | 94.99 | 94.77 | -41.12 | 69.43 | 68.52 | 201.44 | 4936.0 | 338.29 | 184.68 | 4394.88 | 224.97 | 1.82 | 4650.0 | 184.38 | 1.56 | 5300.0 | 168.97 | 0.01 | 0.0 | 0.0 | 206.90 | 1692.89 | 290.82 | 24.77 | 137.49 | 171.01 | -20.69 | 99.41 | 92.64 | 120.69 | -96.65 | -67.82 | 43.27 | 19.3 | 50.03 |
| 23Q2 (15) | -0.01 | -104.76 | -109.09 | -108.88 | -485.38 | -7713.99 | -134.52 | -215.4 | -602.82 | 4.00 | -96.87 | -91.88 | -4.30 | -105.41 | -112.09 | -0.04 | -104.17 | -108.33 | -0.03 | -103.41 | -106.98 | 0.01 | 0.0 | 0.0 | 11.54 | -91.29 | -78.93 | 10.43 | 10.96 | -16.36 | -3500.00 | -10181.25 | -9087.5 | 3600.00 | 2585.71 | 2600.0 | 36.27 | 19.62 | 46.96 |
| 23Q1 (14) | 0.21 | 110.0 | 10.53 | -18.60 | -146.97 | -162.94 | -42.65 | -316.06 | -412.23 | 127.86 | 199.93 | 141.61 | 79.49 | 133.11 | 87.74 | 0.96 | 113.33 | 17.07 | 0.88 | 114.63 | 17.33 | 0.01 | 0.0 | -50.0 | 132.43 | 178.8 | 133.69 | 9.40 | 3.41 | -2.19 | -34.04 | -172.34 | -236.17 | 134.04 | 153.19 | 78.72 | 30.32 | 18.16 | 69.48 |
| 22Q4 (13) | 0.10 | -28.57 | -16.67 | 39.60 | 137.9 | 315.33 | 19.74 | 115.11 | 160.2 | 42.63 | -7.25 | 38.5 | 34.10 | -40.0 | 6.96 | 0.45 | -29.69 | -18.18 | 0.41 | -29.31 | -18.0 | 0.01 | 0.0 | -50.0 | 47.50 | -10.28 | 32.5 | 9.09 | -0.55 | -8.73 | 47.06 | 116.73 | 144.29 | 52.94 | -85.88 | -75.09 | 25.66 | -11.03 | 34.35 |
| 22Q3 (12) | 0.14 | 27.27 | 153.85 | -104.49 | -7406.99 | 39.66 | -130.61 | -582.39 | 30.73 | 45.96 | -6.76 | 130.0 | 56.83 | 59.72 | 145.02 | 0.64 | 33.33 | 155.65 | 0.58 | 34.88 | 155.24 | 0.01 | 0.0 | 0.0 | 52.94 | -3.32 | 136.55 | 9.14 | -26.7 | -13.77 | -281.25 | -638.28 | -329.17 | 375.00 | 181.25 | 1750.0 | 28.84 | 16.86 | 2.71 |
| 22Q2 (11) | 0.11 | -42.11 | -90.09 | 1.43 | -95.16 | -81.26 | -19.14 | -240.12 | 18.41 | 49.29 | -6.86 | -86.27 | 35.58 | -15.97 | -87.34 | 0.48 | -41.46 | -90.12 | 0.43 | -42.67 | -90.25 | 0.01 | -50.0 | -50.0 | 54.76 | -3.37 | -84.87 | 12.47 | 29.76 | 29.9 | -38.10 | -252.38 | -474.36 | 133.33 | 77.78 | 25.04 | 24.68 | 37.95 | -34.92 |
| 22Q1 (10) | 0.19 | 58.33 | 35.71 | 29.55 | 260.69 | -40.64 | 13.66 | 141.66 | -59.68 | 52.92 | 71.93 | 15.87 | 42.34 | 32.81 | 14.77 | 0.82 | 49.09 | 24.24 | 0.75 | 50.0 | 27.12 | 0.02 | 0.0 | 0.0 | 56.67 | 58.08 | 13.34 | 9.61 | -3.51 | -12.87 | 25.00 | 123.53 | -65.28 | 75.00 | -64.71 | 212.5 | 17.89 | -6.34 | -25.58 |
| 21Q4 (9) | 0.12 | 146.15 | -96.46 | -18.39 | 89.38 | -69.18 | -32.79 | 82.61 | 62.22 | 30.78 | 120.09 | -97.76 | 31.88 | 125.26 | -97.36 | 0.55 | 147.83 | -96.92 | 0.50 | 147.62 | -96.9 | 0.02 | 100.0 | 100.0 | 35.85 | 124.75 | -97.39 | 9.96 | -6.04 | -10.03 | -106.25 | -186.57 | -1565.63 | 212.50 | 1035.0 | 99.76 | 19.10 | -31.98 | -78.51 |
| 21Q3 (8) | -0.26 | -123.42 | -8.33 | -173.16 | -2369.46 | -40.35 | -188.54 | -703.67 | -34.32 | -153.21 | -142.69 | -68.07 | -126.22 | -144.91 | -54.8 | -1.15 | -123.66 | 22.3 | -1.05 | -123.81 | 22.22 | 0.01 | -50.0 | -50.0 | -144.83 | -140.03 | -74.64 | 10.60 | 10.42 | 8.72 | 122.73 | 1950.35 | -19.59 | -22.73 | -121.31 | 56.82 | 28.08 | -25.95 | -7.69 |
| 21Q2 (7) | 1.11 | 692.86 | 544.0 | 7.63 | -84.67 | 111.38 | -23.46 | -169.24 | 69.52 | 358.87 | 685.79 | 689.08 | 281.04 | 661.83 | 621.89 | 4.86 | 636.36 | 417.65 | 4.41 | 647.46 | 415.0 | 0.02 | 0.0 | -33.33 | 361.82 | 623.64 | 735.66 | 9.60 | -12.96 | 1.16 | -6.63 | -109.21 | -105.31 | 106.63 | 344.3 | 526.53 | 37.92 | 57.74 | 0 |
| 21Q1 (6) | 0.14 | -95.87 | 142.42 | 49.78 | 557.96 | 159.14 | 33.88 | 139.04 | 135.01 | 45.67 | -96.68 | 151.55 | 36.89 | -96.95 | 146.21 | 0.66 | -96.3 | 133.67 | 0.59 | -96.35 | 132.96 | 0.02 | 100.0 | 0.0 | 50.00 | -96.36 | 160.64 | 11.03 | -0.36 | 16.84 | 72.00 | 1228.71 | -33.24 | 24.00 | -77.44 | 344.8 | 24.04 | -72.96 | 2.08 |
| 20Q4 (5) | 3.39 | 1512.5 | 6880.0 | -10.87 | 91.19 | 33.68 | -86.79 | 38.17 | -240.09 | 1375.06 | 1608.4 | 7034.24 | 1208.93 | 1582.62 | 9771.44 | 17.85 | 1306.08 | 5678.13 | 16.15 | 1296.3 | 5668.97 | 0.01 | -50.0 | -50.0 | 1374.36 | 1757.25 | 9417.69 | 11.07 | 13.54 | 18.27 | -6.38 | -104.18 | -105.1 | 106.38 | 302.12 | 525.52 | 88.89 | 192.21 | 0 |
| 20Q3 (4) | -0.24 | 4.0 | 0.0 | -123.38 | -83.96 | 0.0 | -140.37 | -82.39 | 0.0 | -91.16 | -49.64 | 0.0 | -81.54 | -51.42 | 0.0 | -1.48 | 3.27 | 0.0 | -1.35 | 3.57 | 0.0 | 0.02 | -33.33 | 0.0 | -82.93 | -45.7 | 0.0 | 9.75 | 2.74 | 0.0 | 152.63 | 22.11 | 0.0 | -52.63 | -110.53 | 0.0 | 30.42 | 0 | 0.0 |
| 20Q2 (3) | -0.25 | 24.24 | 0.0 | -67.07 | 20.33 | 0.0 | -76.96 | 20.47 | 0.0 | -60.92 | 31.24 | 0.0 | -53.85 | 32.54 | 0.0 | -1.53 | 21.94 | 0.0 | -1.40 | 21.79 | 0.0 | 0.03 | 50.0 | 0.0 | -56.92 | 30.97 | 0.0 | 9.49 | 0.53 | 0.0 | 125.00 | 15.91 | 0.0 | -25.00 | -155.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.33 | -560.0 | 0.0 | -84.18 | -413.61 | 0.0 | -96.77 | -279.19 | 0.0 | -88.60 | -346.8 | 0.0 | -79.83 | -538.64 | 0.0 | -1.96 | -512.5 | 0.0 | -1.79 | -517.24 | 0.0 | 0.02 | 0.0 | 0.0 | -82.46 | -459.05 | 0.0 | 9.44 | 0.85 | 0.0 | 107.84 | -13.73 | 0.0 | -9.80 | 60.78 | 0.0 | 23.55 | 0 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | -16.39 | 0.0 | 0.0 | -25.52 | 0.0 | 0.0 | -19.83 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | -0.32 | 0.0 | 0.0 | -0.29 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -14.75 | 0.0 | 0.0 | 9.36 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 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) | 0.57 | 7.55 | -31.36 | 0 | -56.94 | 0 | 8.06 | 41.94 | 74.58 | 54.12 | 56.80 | 36.24 | 2.39 | 0.42 | 2.18 | 0.0 | 0.04 | -20.0 | 83.06 | 53.87 | 9.88 | 8.69 | -76.34 | 0 | 175.27 | 22.11 | 0.00 | 0 | 33.06 | 41.46 |
| 2022 (9) | 0.53 | -52.25 | -0.81 | 0 | -20.69 | 0 | 5.68 | 7.95 | 48.39 | -52.29 | 41.69 | -48.51 | 2.38 | -52.68 | 2.18 | -52.19 | 0.05 | -16.67 | 53.98 | -49.48 | 9.09 | -8.73 | -42.35 | 0 | 143.53 | 6.95 | 0.00 | 0 | 23.37 | -14.3 |
| 2021 (8) | 1.11 | -56.64 | -15.05 | 0 | -34.82 | 0 | 5.26 | -17.81 | 101.43 | -49.2 | 80.96 | -53.64 | 5.03 | -61.92 | 4.56 | -61.9 | 0.06 | -14.29 | 106.84 | -48.11 | 9.96 | -10.03 | -34.20 | 0 | 134.20 | -9.72 | 0.00 | 0 | 27.27 | -24.52 |
| 2020 (7) | 2.56 | 0 | -72.64 | 0 | -97.37 | 0 | 6.40 | 124.14 | 199.68 | 0 | 174.63 | 0 | 13.21 | 0 | 11.97 | 0 | 0.07 | -61.11 | 205.91 | 0 | 11.07 | 18.27 | -48.64 | 0 | 148.64 | 0 | 0.00 | 0 | 36.13 | 193.5 |
| 2019 (6) | -0.26 | 0 | -10.74 | 0 | -17.66 | 0 | 2.86 | 67.25 | -9.30 | 0 | -7.95 | 0 | -1.52 | 0 | -1.39 | 0 | 0.18 | -35.71 | -6.37 | 0 | 9.36 | -2.8 | 190.48 | 516.25 | -90.48 | 0 | 0.00 | 0 | 12.31 | 42.31 |
| 2018 (5) | 0.64 | 137.04 | 10.16 | 77.0 | 4.48 | 600.0 | 1.71 | -16.9 | 14.46 | 97.0 | 13.49 | 100.15 | 4.10 | 130.34 | 3.75 | 130.06 | 0.28 | 16.67 | 16.16 | 71.91 | 9.63 | 6.06 | 30.91 | 286.36 | 69.09 | -24.9 | 0.00 | 0 | 8.65 | 4.22 |
| 2017 (4) | 0.27 | 800.0 | 5.74 | -17.41 | 0.64 | -51.52 | 2.06 | -10.5 | 7.34 | 841.03 | 6.74 | 775.32 | 1.78 | 836.84 | 1.63 | 805.56 | 0.24 | 4.35 | 9.40 | 207.19 | 9.08 | -0.22 | 8.00 | -95.56 | 92.00 | 0 | 0.00 | 0 | 8.30 | -3.04 |
| 2016 (3) | 0.03 | 0 | 6.95 | -20.48 | 1.32 | -61.18 | 2.30 | -18.2 | 0.78 | 0 | 0.77 | 0 | 0.19 | 0 | 0.18 | 0 | 0.23 | 4.55 | 3.06 | 0 | 9.10 | -6.76 | 180.00 | 0 | -60.00 | 0 | 0.00 | 0 | 8.56 | -1.5 |
| 2015 (2) | -0.21 | 0 | 8.74 | 0 | 3.40 | 0 | 2.81 | -7.73 | -4.99 | 0 | -5.62 | 0 | -1.39 | 0 | -1.26 | 0 | 0.22 | -8.33 | -2.18 | 0 | 9.76 | 0.0 | -68.75 | 0 | 168.75 | 0 | 0.00 | 0 | 8.69 | 11.55 |
| 2014 (1) | -0.43 | 0 | -1.86 | 0 | -7.35 | 0 | 3.04 | 8.77 | -7.40 | 0 | -10.82 | 0 | -2.83 | 0 | -2.58 | 0 | 0.24 | -14.29 | -4.35 | 0 | 9.76 | 6.55 | 100.00 | 214.29 | 0.00 | 0 | 0.00 | 0 | 7.79 | 20.22 |
