- 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) | -0.23 | -27.78 | 65.15 | 10.19 | 36.41 | 297.1 | -2.79 | 65.56 | 86.9 | -5.91 | 25.47 | 72.28 | -7.37 | -4.54 | 66.59 | -2.69 | -28.1 | 59.61 | -1.12 | -47.37 | 62.54 | 0.17 | 21.43 | 13.33 | 4.38 | -15.77 | 147.61 | 107.42 | -2.68 | -0.41 | 47.20 | -53.8 | -52.8 | 52.80 | 2546.4 | 0 | 22.13 | -13.49 | -5.87 |
| 24Q2 (19) | -0.18 | -1900.0 | 0.0 | 7.47 | -47.54 | -36.64 | -8.10 | -686.41 | 3.91 | -7.93 | -601.9 | -8.93 | -7.05 | -2114.29 | 8.32 | -2.10 | -2009.09 | -18.64 | -0.76 | -371.43 | -26.67 | 0.14 | -6.67 | 16.67 | 5.20 | -61.19 | -38.1 | 110.38 | -3.57 | 9.4 | 102.16 | 258.35 | -11.46 | -2.16 | -101.34 | 85.97 | 25.58 | 12.0 | -4.52 |
| 24Q1 (18) | 0.01 | 101.04 | 0.0 | 14.24 | 279.35 | -31.77 | -1.03 | 95.76 | -122.39 | 1.58 | 105.72 | 71.74 | 0.35 | 101.23 | 20.69 | 0.11 | 101.05 | 37.5 | 0.28 | 105.88 | -17.65 | 0.15 | -16.67 | 15.38 | 13.40 | 176.48 | -7.14 | 114.47 | 3.68 | 15.02 | -64.52 | -173.35 | -113.05 | 161.29 | 1239.13 | 140.89 | 22.84 | 2.42 | -13.19 |
| 23Q4 (17) | -0.96 | -45.45 | -265.52 | -7.94 | -53.58 | -146.19 | -24.29 | -14.04 | -1537.28 | -27.64 | -29.64 | -250.05 | -28.37 | -28.6 | -260.55 | -10.46 | -57.06 | -283.83 | -4.76 | -59.2 | -264.14 | 0.18 | 20.0 | 20.0 | -17.52 | -90.43 | -156.74 | 110.41 | 2.36 | -1.69 | 87.96 | -12.04 | 862.76 | 12.04 | 0 | -86.74 | 22.30 | -5.15 | -27.67 |
| 23Q3 (16) | -0.66 | -266.67 | -1220.0 | -5.17 | -143.85 | -132.17 | -21.30 | -152.67 | -791.21 | -21.32 | -192.86 | -12441.18 | -22.06 | -186.87 | -1623.44 | -6.66 | -276.27 | -1180.77 | -2.99 | -398.33 | -7375.0 | 0.15 | 25.0 | -16.67 | -9.20 | -209.52 | -206.24 | 107.86 | 6.9 | -12.47 | 100.00 | -13.33 | -92.19 | -0.00 | 100.0 | 100.0 | 23.51 | -12.24 | 16.1 |
| 23Q2 (15) | -0.18 | -1900.0 | -400.0 | 11.79 | -43.51 | -30.65 | -8.43 | -283.26 | -748.46 | -7.28 | -891.3 | -423.56 | -7.69 | -2751.72 | -532.02 | -1.77 | -2312.5 | -385.48 | -0.60 | -276.47 | -239.53 | 0.12 | -7.69 | -25.0 | 8.40 | -41.79 | -29.23 | 100.90 | 1.39 | -15.76 | 115.38 | -76.66 | 100.0 | -15.38 | 96.1 | -136.36 | 26.79 | 1.82 | 27.81 |
| 23Q1 (14) | 0.01 | -98.28 | 101.82 | 20.87 | 21.41 | 11.31 | 4.60 | 172.19 | 28.85 | 0.92 | -95.01 | 107.1 | 0.29 | -98.36 | 102.04 | 0.08 | -98.59 | 101.43 | 0.34 | -88.28 | 113.71 | 0.13 | -13.33 | -27.78 | 14.43 | -53.27 | 392.11 | 99.52 | -11.39 | -14.46 | 494.44 | 5312.16 | 1893.68 | -394.44 | -534.1 | -409.21 | 26.31 | -14.66 | 44.96 |
| 22Q4 (13) | 0.58 | 1260.0 | 262.5 | 17.19 | 6.97 | -5.76 | 1.69 | 170.71 | -59.95 | 18.42 | 10935.29 | 372.31 | 17.67 | 1480.47 | 621.22 | 5.69 | 1194.23 | 408.04 | 2.90 | 7350.0 | 360.32 | 0.15 | -16.67 | -28.57 | 30.88 | 256.58 | 193.26 | 112.31 | -8.86 | -1.73 | 9.14 | -99.29 | -91.5 | 90.86 | 107.7 | 1199.46 | 30.83 | 52.25 | 67.92 |
| 22Q3 (12) | -0.05 | -183.33 | -145.45 | 16.07 | -5.47 | -8.64 | -2.39 | -283.85 | -182.7 | -0.17 | -107.56 | -105.96 | -1.28 | -171.91 | -170.72 | -0.52 | -183.87 | -158.43 | -0.04 | -109.3 | -108.51 | 0.18 | 12.5 | 0.0 | 8.66 | -27.04 | -22.33 | 123.23 | 2.89 | 8.52 | 1280.00 | 2118.67 | 1162.7 | -1180.00 | -2889.09 | -86040.0 | 20.25 | -3.39 | -6.29 |
| 22Q2 (11) | 0.06 | 110.91 | -45.45 | 17.00 | -9.33 | -22.16 | 1.30 | -63.59 | -68.14 | 2.25 | 117.37 | -19.93 | 1.78 | 112.54 | -1.11 | 0.62 | 111.11 | -41.51 | 0.43 | 117.34 | -4.44 | 0.16 | -11.11 | 0.0 | 11.87 | 340.28 | -4.51 | 119.77 | 2.95 | -54.92 | 57.69 | 309.29 | -60.26 | 42.31 | -66.83 | 193.68 | 20.96 | 15.48 | -9.54 |
| 22Q1 (10) | -0.55 | -443.75 | -1475.0 | 18.75 | 2.8 | -4.58 | 3.57 | -15.4 | 8.84 | -12.95 | -432.05 | -924.84 | -14.19 | -679.18 | -1625.81 | -5.58 | -598.21 | -1152.83 | -2.48 | -493.65 | -955.17 | 0.18 | -14.29 | 12.5 | -4.94 | -146.91 | -142.84 | 116.34 | 1.79 | -54.24 | -27.57 | -125.66 | -113.39 | 127.57 | 1643.55 | 217.22 | 18.15 | -1.14 | -23.42 |
| 21Q4 (9) | 0.16 | 45.45 | 113.45 | 18.24 | 3.7 | 1179.29 | 4.22 | 46.02 | 121.4 | 3.90 | 36.84 | 116.71 | 2.45 | 35.36 | 110.54 | 1.12 | 25.84 | 107.93 | 0.63 | 34.04 | 115.44 | 0.21 | 16.67 | 16.67 | 10.53 | -5.56 | 173.12 | 114.29 | 0.64 | -55.42 | 107.44 | 5.99 | 27.29 | -8.26 | -503.31 | -153.58 | 18.36 | -15.04 | -28.17 |
| 21Q3 (8) | 0.11 | 0.0 | 450.0 | 17.59 | -19.46 | -10.98 | 2.89 | -29.17 | 65.14 | 2.85 | 1.42 | 216.67 | 1.81 | 0.56 | 248.08 | 0.89 | -16.04 | 304.55 | 0.47 | 4.44 | 123.81 | 0.18 | 12.5 | 28.57 | 11.15 | -10.3 | -11.79 | 113.56 | -57.26 | -47.27 | 101.37 | -30.17 | -46.15 | -1.37 | 96.97 | 98.54 | 21.61 | -6.73 | -16.76 |
| 21Q2 (7) | 0.11 | 175.0 | 123.91 | 21.84 | 11.15 | 487.1 | 4.08 | 24.39 | 119.25 | 2.81 | 78.98 | 114.73 | 1.80 | 93.55 | 109.51 | 1.06 | 100.0 | 121.46 | 0.45 | 55.17 | 130.0 | 0.16 | 0.0 | 77.78 | 12.43 | 7.81 | 1063.57 | 265.67 | 4.5 | 32.78 | 145.16 | -29.49 | 30.47 | -45.16 | 58.5 | -301.03 | 23.17 | -2.24 | 0 |
| 21Q1 (6) | 0.04 | 103.36 | 112.9 | 19.65 | 1262.72 | 77.03 | 3.28 | 116.63 | 141.0 | 1.57 | 106.73 | 119.62 | 0.93 | 104.0 | 111.47 | 0.53 | 103.75 | 116.46 | 0.29 | 107.11 | 130.53 | 0.16 | -11.11 | 14.29 | 11.53 | 180.07 | 232.28 | 254.23 | -0.84 | 28.47 | 205.88 | 143.93 | 105.88 | -108.82 | -805.52 | 0 | 23.70 | -7.28 | 0 |
| 20Q4 (5) | -1.19 | -6050.0 | -170.45 | -1.69 | -108.55 | -114.73 | -19.72 | -1226.86 | -299.19 | -23.34 | -2693.33 | -175.56 | -23.24 | -4569.23 | -169.92 | -14.12 | -6518.18 | -234.6 | -4.08 | -2042.86 | -197.81 | 0.18 | 28.57 | 0.0 | -14.40 | -213.92 | -2045.95 | 256.38 | 19.04 | 43.03 | 84.40 | -55.16 | 44.39 | 15.42 | 116.39 | -62.87 | 25.56 | -1.54 | 0 |
| 20Q3 (4) | 0.02 | 104.35 | 0.0 | 19.76 | 431.18 | 0.0 | 1.75 | 108.26 | 0.0 | 0.90 | 104.72 | 0.0 | 0.52 | 102.75 | 0.0 | 0.22 | 104.45 | 0.0 | 0.21 | 114.0 | 0.0 | 0.14 | 55.56 | 0.0 | 12.64 | 1079.84 | 0.0 | 215.37 | 7.64 | 0.0 | 188.24 | 69.18 | 0.0 | -94.12 | -735.76 | 0.0 | 25.96 | 0 | 0.0 |
| 20Q2 (3) | -0.46 | -48.39 | 0.0 | 3.72 | -66.49 | 0.0 | -21.19 | -164.88 | 0.0 | -19.08 | -138.5 | 0.0 | -18.92 | -133.29 | 0.0 | -4.94 | -53.42 | 0.0 | -1.50 | -57.89 | 0.0 | 0.09 | -35.71 | 0.0 | -1.29 | -137.18 | 0.0 | 200.08 | 1.11 | 0.0 | 111.26 | 11.26 | 0.0 | -11.26 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.31 | 29.55 | 0.0 | 11.10 | -3.23 | 0.0 | -8.00 | -61.94 | 0.0 | -8.00 | 5.55 | 0.0 | -8.11 | 5.81 | 0.0 | -3.22 | 23.7 | 0.0 | -0.95 | 30.66 | 0.0 | 0.14 | -22.22 | 0.0 | 3.47 | 368.92 | 0.0 | 197.89 | 10.4 | 0.0 | 100.00 | 71.07 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.44 | 0.0 | 0.0 | 11.47 | 0.0 | 0.0 | -4.94 | 0.0 | 0.0 | -8.47 | 0.0 | 0.0 | -8.61 | 0.0 | 0.0 | -4.22 | 0.0 | 0.0 | -1.37 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 0.74 | 0.0 | 0.0 | 179.25 | 0.0 | 0.0 | 58.45 | 0.0 | 0.0 | 41.55 | 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) | -1.80 | 0 | 3.90 | -77.4 | -13.17 | 0 | 10.18 | 23.42 | -14.82 | 0 | -15.46 | 0 | -18.76 | 0 | -7.76 | 0 | 0.57 | -13.64 | -2.21 | 0 | 110.41 | -1.69 | 88.89 | 1.72 | 11.11 | -11.9 | 0.00 | 0 | 24.52 | 10.3 |
| 2022 (9) | 0.03 | -92.31 | 17.26 | -9.96 | 0.99 | -72.8 | 8.25 | 9.91 | 1.14 | -60.55 | 0.22 | -87.91 | 0.31 | -90.94 | 0.87 | -52.2 | 0.66 | -7.04 | 10.75 | -5.12 | 112.31 | -1.73 | 87.39 | -30.81 | 12.61 | 0 | 0.00 | 0 | 22.23 | 3.88 |
| 2021 (8) | 0.39 | 0 | 19.17 | 146.08 | 3.64 | 0 | 7.50 | -27.19 | 2.89 | 0 | 1.82 | 0 | 3.42 | 0 | 1.82 | 0 | 0.71 | 31.48 | 11.33 | 0 | 114.29 | -55.42 | 126.30 | 38.16 | -25.95 | 0 | 0.00 | 0 | 21.40 | -21.67 |
| 2020 (7) | -1.94 | 0 | 7.79 | -50.19 | -11.60 | 0 | 10.31 | 20.7 | -12.69 | 0 | -12.76 | 0 | -21.67 | 0 | -6.32 | 0 | 0.54 | -20.59 | -0.99 | 0 | 256.38 | 42.91 | 91.42 | 230.84 | 8.58 | -88.14 | 0.00 | 0 | 27.32 | 13.6 |
| 2019 (6) | -0.56 | 0 | 15.64 | -12.97 | -0.47 | 0 | 8.54 | 39.69 | -1.71 | 0 | -3.07 | 0 | -5.44 | 0 | -1.37 | 0 | 0.68 | -11.69 | 8.15 | -18.17 | 179.40 | 26.23 | 27.63 | -67.96 | 72.37 | 412.15 | 0.00 | 0 | 24.05 | 11.96 |
| 2018 (5) | 0.33 | -29.79 | 17.97 | -8.41 | 2.53 | -36.75 | 6.11 | 11.29 | 2.94 | -14.29 | 1.67 | -31.28 | 3.14 | -29.12 | 1.85 | -25.1 | 0.77 | -6.1 | 9.96 | 3.32 | 142.12 | -1.89 | 86.23 | -26.19 | 14.13 | 0 | 0.00 | 0 | 21.48 | 2.04 |
| 2017 (4) | 0.47 | -60.83 | 19.62 | -10.66 | 4.00 | -41.18 | 5.49 | -4.92 | 3.43 | -50.93 | 2.43 | -59.16 | 4.43 | -59.13 | 2.47 | -57.56 | 0.82 | -9.89 | 9.64 | -27.74 | 144.86 | 42.17 | 116.83 | 20.15 | -16.83 | 0 | 0.00 | 0 | 21.05 | 3.69 |
| 2016 (3) | 1.20 | 16.5 | 21.96 | 9.69 | 6.80 | 12.21 | 5.78 | -2.02 | 6.99 | 10.6 | 5.95 | 7.99 | 10.84 | 15.07 | 5.82 | 11.92 | 0.91 | 3.41 | 13.34 | 5.29 | 101.89 | 1.37 | 97.24 | 1.55 | 2.76 | -35.02 | 0.00 | 0 | 20.30 | 2.27 |
| 2015 (2) | 1.03 | 21.18 | 20.02 | 12.66 | 6.06 | 53.42 | 5.90 | -2.82 | 6.32 | 17.25 | 5.51 | 20.31 | 9.42 | 16.58 | 5.20 | 12.31 | 0.88 | -6.38 | 12.67 | 6.65 | 100.51 | 16.41 | 95.75 | 30.44 | 4.25 | -84.03 | 0.00 | 0 | 19.85 | 2.69 |
| 2014 (1) | 0.85 | 60.38 | 17.77 | 0 | 3.95 | 0 | 6.07 | -12.83 | 5.39 | 0 | 4.58 | 0 | 8.08 | 0 | 4.63 | 0 | 0.94 | 4.44 | 11.88 | 13.25 | 86.34 | -3.84 | 73.41 | -21.1 | 26.59 | 282.24 | 0.00 | 0 | 19.33 | 1.79 |
