- 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) | -0.16 | -1500.0 | -900.0 | 23.18 | -3.34 | 27.92 | -10.02 | -1.83 | 35.31 | -6.17 | -3147.37 | -5241.67 | -6.17 | -3147.37 | -933.78 | -4.60 | -3185.71 | -1001.96 | -0.34 | -189.47 | -172.34 | 0.12 | 0.0 | 0.0 | 6.64 | -46.67 | -56.99 | 531.52 | 6.07 | 5.75 | 162.50 | 0 | 0 | -62.50 | 0 | 0 | 18.02 | -0.22 | 2.04 |
| 24Q2 (19) | -0.01 | 94.44 | -200.0 | 23.98 | -4.42 | 29.83 | -9.84 | -18.55 | 16.18 | -0.19 | 96.85 | -146.34 | -0.19 | 96.85 | -146.34 | -0.14 | 97.1 | -143.75 | 0.38 | 200.0 | -9.52 | 0.12 | -7.69 | -7.69 | 12.45 | 69.62 | -16.33 | 501.10 | -5.42 | 0.84 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | -100.0 | 18.06 | 3.2 | -5.89 |
| 24Q1 (18) | -0.18 | 0 | 0 | 25.09 | 19.42 | 0.2 | -8.30 | 44.22 | -143.4 | -6.03 | -1775.0 | -1057.14 | -6.03 | -15175.0 | -4407.14 | -4.82 | -16166.67 | -4116.67 | -0.38 | -197.44 | -202.7 | 0.13 | 8.33 | -7.14 | 7.34 | -50.84 | -44.77 | 529.79 | 9.21 | 4.32 | 141.18 | 103.53 | 125.67 | -35.29 | -100.86 | -105.43 | 17.50 | -8.47 | 14.45 |
| 23Q4 (17) | 0.00 | -100.0 | 100.0 | 21.01 | 15.95 | 43.12 | -14.88 | 3.94 | -49.85 | 0.36 | 200.0 | 102.04 | 0.04 | -94.59 | 100.24 | 0.03 | -94.12 | 100.21 | 0.39 | -17.02 | 119.7 | 0.12 | 0.0 | -14.29 | 14.93 | -3.3 | 402.84 | 485.09 | -3.49 | -7.55 | -4000.00 | 0 | -7300.0 | 4100.00 | 0 | 9125.0 | 19.12 | 8.27 | 40.69 |
| 23Q3 (16) | 0.02 | 100.0 | 150.0 | 18.12 | -1.89 | 277.5 | -15.49 | -31.94 | 8.88 | 0.12 | -70.73 | 101.92 | 0.74 | 80.49 | 111.8 | 0.51 | 59.38 | 116.19 | 0.47 | 11.9 | 570.0 | 0.12 | -7.69 | 71.43 | 15.44 | 3.76 | 17.06 | 502.63 | 1.15 | -4.45 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 17.66 | -7.97 | -7.25 |
| 23Q2 (15) | 0.01 | 0 | 103.23 | 18.47 | -26.24 | 1323.18 | -11.74 | -244.28 | 50.9 | 0.41 | -34.92 | 100.99 | 0.41 | 192.86 | 100.89 | 0.32 | 166.67 | 100.76 | 0.42 | 13.51 | 110.85 | 0.13 | -7.14 | 44.44 | 14.88 | 11.96 | 176.19 | 496.91 | -2.16 | -22.05 | -3400.00 | -518.18 | -6050.0 | 3500.00 | 438.46 | 8066.67 | 19.19 | 25.51 | 4.58 |
| 23Q1 (14) | 0.00 | 100.0 | 100.0 | 25.04 | 70.57 | 2087.3 | -3.41 | 65.66 | 90.1 | 0.63 | 103.57 | 102.08 | 0.14 | 100.85 | 100.46 | 0.12 | 100.82 | 100.31 | 0.37 | 118.69 | 116.16 | 0.14 | 0.0 | 55.56 | 13.29 | 369.57 | 309.95 | 507.87 | -3.21 | -67.72 | -550.00 | -1090.0 | -580.0 | 650.00 | 1362.5 | 4557.14 | 15.29 | 12.51 | -34.57 |
| 22Q4 (13) | -0.54 | -1250.0 | -125.0 | 14.68 | 205.83 | 307.64 | -9.93 | 41.59 | 56.06 | -17.66 | -182.11 | 14.11 | -16.45 | -162.36 | 19.8 | -14.55 | -361.9 | 63.53 | -1.98 | -1880.0 | 25.56 | 0.14 | 100.0 | -6.67 | -4.93 | -137.38 | 27.82 | 524.73 | -0.25 | -57.4 | 55.56 | -79.17 | -49.74 | 44.44 | 126.67 | 522.22 | 13.59 | -28.62 | 3.19 |
| 22Q3 (12) | -0.04 | 87.1 | 77.78 | 4.80 | 417.88 | 297.53 | -17.00 | 28.9 | 33.39 | -6.26 | 84.96 | 69.76 | -6.27 | 86.37 | 69.86 | -3.15 | 92.56 | 87.41 | -0.10 | 97.42 | 94.22 | 0.07 | -22.22 | -30.0 | 13.19 | 167.54 | 985.23 | 526.05 | -17.48 | -57.83 | 266.67 | 366.67 | 119.61 | -166.67 | -488.89 | -600.0 | 19.04 | 3.76 | -11.89 |
| 22Q2 (11) | -0.31 | -63.16 | -287.5 | -1.51 | -19.84 | -137.75 | -23.91 | 30.57 | -438.51 | -41.62 | -37.36 | -532.52 | -45.99 | -51.78 | -619.72 | -42.35 | -7.65 | -362.34 | -3.87 | -69.0 | -603.64 | 0.09 | 0.0 | -30.77 | -19.53 | -208.53 | -378.21 | 637.45 | -59.48 | -38.49 | 57.14 | -50.13 | -16.48 | 42.86 | 393.88 | 35.71 | 18.35 | -21.48 | 18.39 |
| 22Q1 (10) | -0.19 | 20.83 | -26.67 | -1.26 | 82.18 | -119.3 | -34.44 | -52.39 | -125.69 | -30.30 | -47.37 | -99.21 | -30.30 | -47.73 | -98.04 | -39.34 | 1.4 | -113.57 | -2.29 | 13.91 | -70.9 | 0.09 | -40.0 | -18.18 | -6.33 | 7.32 | -598.43 | 1573.09 | 27.7 | 65.28 | 114.58 | 3.67 | 14.58 | -14.58 | -38.54 | 0 | 23.37 | 77.45 | 23.06 |
| 21Q4 (9) | -0.24 | -33.33 | -118.18 | -7.07 | -190.95 | -282.22 | -22.60 | 11.44 | -52.7 | -20.56 | 0.68 | -130.24 | -20.51 | 1.39 | -148.61 | -39.90 | -59.54 | -209.78 | -2.66 | -53.76 | -232.5 | 0.15 | 50.0 | 7.14 | -6.83 | -358.39 | -181.7 | 1231.82 | -1.25 | 11.91 | 110.53 | -8.98 | -32.18 | -10.53 | 55.79 | 84.21 | 13.17 | -39.06 | -6.79 |
| 21Q3 (8) | -0.18 | -125.0 | -80.0 | -2.43 | -160.75 | -123.43 | -25.52 | -474.77 | -392.66 | -20.70 | -214.59 | -174.17 | -20.80 | -225.51 | -175.5 | -25.01 | -173.03 | -107.9 | -1.73 | -214.55 | -110.98 | 0.10 | -23.08 | -33.33 | -1.49 | -121.23 | -128.82 | 1247.46 | 20.37 | 23.03 | 121.43 | 77.47 | 78.57 | -23.81 | -175.4 | -174.4 | 21.61 | 39.42 | 52.83 |
| 21Q2 (7) | -0.08 | 46.67 | 60.0 | 4.00 | -38.74 | 205.34 | -4.44 | 70.9 | 78.47 | -6.58 | 56.74 | 67.75 | -6.39 | 58.24 | 68.68 | -9.16 | 50.27 | 53.29 | -0.55 | 58.96 | 68.39 | 0.13 | 18.18 | 30.0 | 7.02 | 452.76 | 508.14 | 1036.35 | 8.88 | 9.96 | 68.42 | -31.58 | -33.0 | 31.58 | 0 | 1584.21 | 15.50 | -18.38 | 0 |
| 21Q1 (6) | -0.15 | -36.36 | -7.14 | 6.53 | 68.3 | -18.07 | -15.26 | -3.11 | -64.62 | -15.21 | -70.32 | -59.94 | -15.30 | -85.45 | -60.88 | -18.42 | -43.01 | -54.4 | -1.34 | -67.5 | -45.65 | 0.11 | -21.43 | -15.38 | 1.27 | -84.81 | -70.19 | 951.79 | -13.53 | 20.92 | 100.00 | -38.64 | 3.33 | -0.00 | 100.0 | -100.0 | 18.99 | 34.39 | 0 |
| 20Q4 (5) | -0.11 | -10.0 | 93.37 | 3.88 | -62.58 | 270.18 | -14.80 | -185.71 | 24.18 | -8.93 | -18.28 | 88.85 | -8.25 | -9.27 | 89.81 | -12.88 | -7.07 | 84.47 | -0.80 | 2.44 | 93.75 | 0.14 | -6.67 | -12.5 | 8.36 | 61.7 | 112.96 | 1100.69 | 8.55 | 23.36 | 162.96 | 139.65 | 568.52 | -66.67 | -308.33 | -188.16 | 14.13 | -0.07 | 0 |
| 20Q3 (4) | -0.10 | 50.0 | 0.0 | 10.37 | 691.6 | 0.0 | -5.18 | 74.88 | 0.0 | -7.55 | 62.99 | 0.0 | -7.55 | 62.99 | 0.0 | -12.03 | 38.65 | 0.0 | -0.82 | 52.87 | 0.0 | 0.15 | 50.0 | 0.0 | 5.17 | 400.58 | 0.0 | 1013.97 | 7.58 | 0.0 | 68.00 | -33.42 | 0.0 | 32.00 | 1604.0 | 0.0 | 14.14 | 0 | 0.0 |
| 20Q2 (3) | -0.20 | -42.86 | 0.0 | 1.31 | -83.56 | 0.0 | -20.62 | -122.44 | 0.0 | -20.40 | -114.51 | 0.0 | -20.40 | -114.51 | 0.0 | -19.61 | -64.38 | 0.0 | -1.74 | -89.13 | 0.0 | 0.10 | -23.08 | 0.0 | -1.72 | -140.38 | 0.0 | 942.52 | 19.74 | 0.0 | 102.13 | 5.53 | 0.0 | -2.13 | -165.96 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.14 | 91.57 | 0.0 | 7.97 | 449.56 | 0.0 | -9.27 | 52.51 | 0.0 | -9.51 | 88.13 | 0.0 | -9.51 | 88.25 | 0.0 | -11.93 | 85.62 | 0.0 | -0.92 | 92.81 | 0.0 | 0.13 | -18.75 | 0.0 | 4.26 | 106.6 | 0.0 | 787.11 | -11.78 | 0.0 | 96.77 | 296.99 | 0.0 | 3.23 | -95.73 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.66 | 0.0 | 0.0 | -2.28 | 0.0 | 0.0 | -19.52 | 0.0 | 0.0 | -80.09 | 0.0 | 0.0 | -80.97 | 0.0 | 0.0 | -82.95 | 0.0 | 0.0 | -12.79 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -64.52 | 0.0 | 0.0 | 892.25 | 0.0 | 0.0 | 24.38 | 0.0 | 0.0 | 75.62 | 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) | 0.04 | 0 | 20.88 | 243.99 | -10.92 | 0 | 10.30 | -26.11 | 0.40 | 0 | 0.32 | 0 | 0.98 | 0 | 1.65 | 0 | 0.51 | 37.84 | 14.49 | 0 | 485.09 | -7.55 | -2500.00 | 0 | 2600.00 | 15080.65 | 0.51 | 498.59 | 17.70 | 0.34 |
| 2022 (9) | -1.98 | 0 | 6.07 | 2429.17 | -19.29 | 0 | 13.94 | 13.52 | -23.33 | 0 | -23.81 | 0 | -71.49 | 0 | -7.45 | 0 | 0.37 | -24.49 | -4.90 | 0 | 524.73 | -57.4 | 82.87 | -21.7 | 17.13 | 0 | 0.08 | 58.44 | 17.64 | 4.38 |
| 2021 (8) | -0.65 | 0 | 0.24 | -96.19 | -16.27 | 0 | 12.28 | 11.42 | -15.34 | 0 | -15.31 | 0 | -94.53 | 0 | -6.28 | 0 | 0.49 | -2.0 | 0.20 | -95.42 | 1231.82 | 11.91 | 105.84 | -1.72 | -5.84 | 0 | 0.05 | -40.5 | 16.90 | 12.67 |
| 2020 (7) | -0.55 | 0 | 6.30 | 57.11 | -11.75 | 0 | 11.02 | -9.86 | -10.95 | 0 | -10.78 | 0 | -58.34 | 0 | -4.17 | 0 | 0.50 | -23.08 | 4.37 | 0 | 1100.69 | 23.36 | 107.69 | 166.1 | -6.92 | 0 | 0.09 | -43.03 | 15.00 | 20.29 |
| 2019 (6) | -2.14 | 0 | 4.01 | -34.26 | -9.74 | 0 | 12.22 | 61.3 | -24.08 | 0 | -24.28 | 0 | -94.09 | 0 | -14.41 | 0 | 0.65 | -26.97 | -9.23 | 0 | 892.25 | 143.2 | 40.47 | -37.3 | 59.53 | 65.46 | 0.16 | -8.09 | 12.47 | 26.09 |
| 2018 (5) | -0.94 | 0 | 6.10 | 522.45 | -3.94 | 0 | 7.58 | -25.97 | -6.12 | 0 | -6.37 | 0 | -28.59 | 0 | -4.41 | 0 | 0.89 | 36.92 | 3.59 | 0 | 366.88 | -19.26 | 64.55 | -11.86 | 35.98 | 34.43 | 0.17 | 20.24 | 9.89 | -27.39 |
| 2017 (4) | -3.09 | 0 | 0.98 | -92.59 | -15.96 | 0 | 10.24 | 51.06 | -21.77 | 0 | -22.12 | 0 | -58.36 | 0 | -13.20 | 0 | 0.65 | -27.78 | -8.82 | 0 | 454.41 | 95.13 | 73.24 | 0 | 26.76 | -85.57 | 0.14 | 0 | 13.62 | 25.18 |
| 2016 (3) | -0.68 | 0 | 13.22 | 7.04 | 1.13 | 0 | 6.78 | -8.97 | -1.30 | 0 | -2.70 | 0 | -7.95 | 0 | -1.28 | 0 | 0.90 | 18.42 | 7.52 | -7.5 | 232.88 | 5.35 | -87.27 | 0 | 185.45 | 478.18 | 0.00 | 0 | 10.88 | -10.16 |
| 2015 (2) | -0.83 | 0 | 12.35 | 17.17 | -1.76 | 0 | 7.44 | -8.72 | -2.60 | 0 | -3.73 | 0 | -9.02 | 0 | -1.64 | 0 | 0.76 | 13.43 | 8.13 | 8.84 | 221.06 | 1.7 | 67.92 | -26.62 | 32.08 | 331.79 | 0.00 | 0 | 12.11 | -10.5 |
| 2014 (1) | -1.30 | 0 | 10.54 | 0 | -4.12 | 0 | 8.16 | 1.07 | -4.43 | 0 | -5.82 | 0 | -11.88 | 0 | -2.66 | 0 | 0.67 | 3.08 | 7.47 | -21.78 | 217.37 | 14.05 | 92.57 | 8.38 | 7.43 | -49.06 | 0.00 | 0 | 13.53 | -6.63 |
