- 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) | -0.03 | -200.0 | 87.5 | 17.68 | 62.8 | 827.57 | 5.58 | 652.48 | 130.38 | -1.06 | -171.79 | 93.85 | -1.16 | -427.27 | 91.56 | -0.19 | -375.0 | 87.66 | 0.21 | -22.22 | 140.38 | 0.08 | 0.0 | 33.33 | 18.96 | -8.67 | 75.56 | 115.71 | 10.84 | 17.51 | -516.67 | -287.88 | -584.15 | 616.67 | 452.38 | 9281.48 | 20.57 | 3.73 | -17.62 |
| 24Q2 (19) | -0.01 | 92.31 | 97.06 | 10.86 | 5036.36 | 485.11 | -1.01 | 93.68 | 94.76 | -0.39 | 96.61 | 98.48 | -0.22 | 97.26 | 98.88 | -0.04 | 95.7 | 98.13 | 0.27 | 250.0 | 133.75 | 0.08 | 33.33 | 33.33 | 20.76 | 17.35 | 494.84 | 104.39 | 2.78 | 8.73 | 275.00 | 98.36 | 267.28 | -175.00 | -352.94 | -810.71 | 19.83 | -27.6 | -24.17 |
| 24Q1 (18) | -0.13 | 83.75 | -85.71 | -0.22 | 97.29 | -102.4 | -15.99 | 38.31 | -221.08 | -11.51 | 82.29 | -121.35 | -8.03 | 84.2 | -137.57 | -0.93 | 82.62 | -116.28 | -0.18 | 92.44 | -1000.0 | 0.06 | 20.0 | -14.29 | 17.69 | 153.14 | -6.15 | 101.57 | -2.73 | 9.4 | 138.64 | 247.34 | 44.54 | -38.64 | -164.3 | -1046.59 | 27.39 | -5.16 | 16.7 |
| 23Q4 (17) | -0.80 | -233.33 | -321.05 | -8.11 | -233.74 | -177.46 | -25.92 | -41.1 | -548.0 | -65.00 | -277.03 | -553.27 | -50.83 | -269.67 | -530.65 | -5.35 | -247.4 | -390.83 | -2.38 | -357.69 | -600.0 | 0.05 | -16.67 | -28.57 | -33.29 | -408.24 | -374.22 | 104.42 | 6.04 | 15.87 | 39.91 | -62.6 | -1.68 | 60.09 | 994.63 | 1.15 | 28.88 | 15.66 | 37.46 |
| 23Q3 (16) | -0.24 | 29.41 | -300.0 | -2.43 | 13.83 | -112.55 | -18.37 | 4.77 | -393.92 | -17.24 | 32.89 | -430.27 | -13.75 | 29.99 | -408.3 | -1.54 | 28.04 | -308.11 | -0.52 | 35.0 | -189.66 | 0.06 | 0.0 | -25.0 | 10.80 | 209.46 | -52.98 | 98.47 | 2.56 | 7.36 | 106.72 | 42.53 | -11.3 | -6.72 | -127.28 | 66.93 | 24.97 | -4.51 | 34.61 |
| 23Q2 (15) | -0.34 | -385.71 | 0 | -2.82 | -130.79 | -112.66 | -19.29 | -287.35 | -292.32 | -25.69 | -394.04 | -2954.44 | -19.64 | -481.07 | -39380.0 | -2.14 | -397.67 | -21500.0 | -0.80 | -4100.0 | -521.05 | 0.06 | -14.29 | -33.33 | 3.49 | -81.49 | -80.87 | 96.01 | 3.41 | -6.4 | 74.87 | -21.94 | -93.09 | 24.62 | 503.27 | 102.5 | 26.15 | 11.42 | 44.32 |
| 23Q1 (14) | -0.07 | 63.16 | -153.85 | 9.16 | -12.51 | -50.03 | -4.98 | -24.5 | -197.27 | -5.20 | 47.74 | -171.92 | -3.38 | 58.06 | -165.38 | -0.43 | 60.55 | -155.84 | 0.02 | 105.88 | -96.36 | 0.07 | 0.0 | -12.5 | 18.85 | 55.27 | -30.37 | 92.84 | 3.02 | -1.83 | 95.92 | 136.29 | 34.62 | 4.08 | -93.13 | -85.8 | 23.47 | 11.71 | 9.72 |
| 22Q4 (13) | -0.19 | -258.33 | -147.5 | 10.47 | -45.92 | -66.38 | -4.00 | -164.0 | -125.08 | -9.95 | -290.61 | -156.76 | -8.06 | -280.72 | -159.84 | -1.09 | -247.3 | -146.98 | -0.34 | -158.62 | -125.56 | 0.07 | -12.5 | -22.22 | 12.14 | -47.15 | -65.8 | 90.12 | -1.74 | -7.87 | 40.59 | -66.26 | -55.37 | 59.41 | 392.46 | 556.44 | 21.01 | 13.26 | -7.36 |
| 22Q3 (12) | 0.12 | 0 | -80.33 | 19.36 | -13.07 | -42.16 | 6.25 | -37.69 | -71.16 | 5.22 | 480.0 | -74.35 | 4.46 | 8820.0 | -75.55 | 0.74 | 7300.0 | -79.78 | 0.58 | 205.26 | -70.1 | 0.08 | -11.11 | -20.0 | 22.97 | 25.93 | -35.09 | 91.72 | -10.59 | -10.2 | 120.31 | -88.89 | 12.82 | -20.31 | 97.93 | -205.76 | 18.55 | 2.37 | 0.22 |
| 22Q2 (11) | 0.00 | -100.0 | -100.0 | 22.27 | 21.49 | -16.87 | 10.03 | 95.9 | -25.7 | 0.90 | -87.55 | -92.53 | 0.05 | -99.03 | -99.59 | 0.01 | -98.7 | -99.6 | 0.19 | -65.45 | -85.93 | 0.09 | 12.5 | -10.0 | 18.24 | -32.62 | -38.91 | 102.58 | 8.47 | -8.46 | 1083.33 | 1420.47 | 866.85 | -983.33 | -3520.29 | -8061.67 | 18.12 | -15.29 | 0.33 |
| 22Q1 (10) | 0.13 | -67.5 | 1200.0 | 18.33 | -41.14 | 22.61 | 5.12 | -67.9 | 422.45 | 7.23 | -58.76 | 1266.13 | 5.17 | -61.62 | 913.73 | 0.77 | -66.81 | 755.56 | 0.55 | -58.65 | 139.13 | 0.08 | -11.11 | 0.0 | 27.07 | -23.75 | 44.6 | 94.57 | -3.32 | -17.5 | 71.25 | -21.66 | 141.56 | 28.75 | 217.69 | -89.41 | 21.39 | -5.69 | 25.68 |
| 21Q4 (9) | 0.40 | -34.43 | 407.69 | 31.14 | -6.96 | 1998.78 | 15.95 | -26.4 | 201.27 | 17.53 | -13.86 | 283.75 | 13.47 | -26.15 | 355.11 | 2.32 | -36.61 | 390.0 | 1.33 | -31.44 | 838.89 | 0.09 | -10.0 | 28.57 | 35.50 | 0.31 | 143.15 | 97.82 | -4.23 | -17.33 | 90.95 | -14.72 | -44.86 | 9.05 | 236.22 | 113.93 | 22.68 | 22.53 | 21.02 |
| 21Q3 (8) | 0.61 | 48.78 | 506.67 | 33.47 | 24.93 | 562.93 | 21.67 | 60.52 | 186.71 | 20.35 | 68.88 | 202.42 | 18.24 | 49.26 | 313.83 | 3.66 | 46.99 | 502.2 | 1.94 | 43.7 | 981.82 | 0.10 | 0.0 | 100.0 | 35.39 | 18.52 | 179.98 | 102.14 | -8.85 | -14.21 | 106.64 | -4.82 | -14.92 | -6.64 | 44.86 | 73.8 | 18.51 | 2.49 | -29.46 |
| 21Q2 (7) | 0.41 | 4000.0 | 182.0 | 26.79 | 79.2 | 447.02 | 13.50 | 1277.55 | 155.08 | 12.05 | 2043.55 | 143.69 | 12.22 | 2296.08 | 144.65 | 2.49 | 2666.67 | 180.58 | 1.35 | 486.96 | 212.5 | 0.10 | 25.0 | 100.0 | 29.86 | 59.51 | 677.6 | 112.06 | -2.24 | -8.01 | 112.05 | 165.36 | 26.58 | -12.05 | -104.44 | -209.48 | 18.06 | 6.11 | 0 |
| 21Q1 (6) | 0.01 | 107.69 | 102.63 | 14.95 | 1011.59 | 388.56 | 0.98 | 106.22 | 109.81 | -0.62 | 93.5 | 96.29 | 0.51 | 109.66 | 103.06 | 0.09 | 111.25 | 103.88 | 0.23 | 227.78 | 127.71 | 0.08 | 14.29 | 33.33 | 18.72 | 28.22 | 133.13 | 114.63 | -3.12 | -5.01 | -171.43 | -203.93 | -388.15 | 271.43 | 517.91 | 570.09 | 17.02 | -9.18 | 0 |
| 20Q4 (5) | -0.13 | 13.33 | -18.18 | -1.64 | 77.32 | -117.08 | -15.75 | 36.97 | -220.12 | -9.54 | 51.99 | -85.24 | -5.28 | 38.1 | -10.0 | -0.80 | 12.09 | -19.4 | -0.18 | 18.18 | -125.0 | 0.07 | 40.0 | 16.67 | 14.60 | 15.51 | -23.8 | 118.32 | -0.62 | -1.67 | 164.95 | 31.59 | 71.82 | -64.95 | -156.19 | -1723.71 | 18.74 | -28.58 | -16.45 |
| 20Q3 (4) | -0.15 | 70.0 | 0.0 | -7.23 | 6.35 | 0.0 | -24.99 | -1.96 | 0.0 | -19.87 | 27.96 | 0.0 | -8.53 | 68.83 | 0.0 | -0.91 | 70.55 | 0.0 | -0.22 | 81.67 | 0.0 | 0.05 | 0.0 | 0.0 | 12.64 | 229.17 | 0.0 | 119.06 | -2.27 | 0.0 | 125.35 | 41.61 | 0.0 | -25.35 | -330.37 | 0.0 | 26.24 | 0 | 0.0 |
| 20Q2 (3) | -0.50 | -31.58 | 0.0 | -7.72 | -352.29 | 0.0 | -24.51 | -145.35 | 0.0 | -27.58 | -65.05 | 0.0 | -27.37 | -63.99 | 0.0 | -3.09 | -33.19 | 0.0 | -1.20 | -44.58 | 0.0 | 0.05 | -16.67 | 0.0 | 3.84 | -52.18 | 0.0 | 121.82 | 0.95 | 0.0 | 88.52 | 48.78 | 0.0 | 11.00 | -72.83 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.38 | -245.45 | 0.0 | 3.06 | -68.12 | 0.0 | -9.99 | -103.05 | 0.0 | -16.71 | -224.47 | 0.0 | -16.69 | -247.71 | 0.0 | -2.32 | -246.27 | 0.0 | -0.83 | -937.5 | 0.0 | 0.06 | 0.0 | 0.0 | 8.03 | -58.09 | 0.0 | 120.67 | 0.28 | 0.0 | 59.49 | -38.03 | 0.0 | 40.51 | 912.66 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.11 | 0.0 | 0.0 | 9.60 | 0.0 | 0.0 | -4.92 | 0.0 | 0.0 | -5.15 | 0.0 | 0.0 | -4.80 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | -0.08 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 19.16 | 0.0 | 0.0 | 120.33 | 0.0 | 0.0 | 96.00 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 22.43 | 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) | -1.44 | 0 | -0.38 | 0 | -16.34 | 0 | 22.03 | 37.36 | -26.33 | 0 | -20.35 | 0 | -9.31 | 0 | -3.64 | 0 | 0.23 | -28.12 | 1.59 | -92.16 | 104.42 | 15.87 | 62.04 | -84.42 | 37.96 | 0 | 0.00 | 0 | 25.68 | 30.75 |
| 2022 (9) | 0.07 | -95.1 | 17.99 | -33.12 | 4.80 | -64.18 | 16.04 | 7.26 | 1.19 | -90.62 | 0.68 | -94.06 | 0.42 | -95.09 | 1.00 | -79.3 | 0.32 | -11.11 | 20.28 | -32.71 | 90.12 | -7.87 | 398.21 | 276.72 | -300.00 | 0 | 0.00 | 0 | 19.64 | 3.1 |
| 2021 (8) | 1.43 | 0 | 26.90 | 0 | 13.40 | 0 | 14.95 | -35.68 | 12.68 | 0 | 11.44 | 0 | 8.55 | 0 | 4.83 | 0 | 0.36 | 56.52 | 30.14 | 201.1 | 97.82 | -17.33 | 105.71 | 3.48 | -5.71 | 0 | 0.00 | 0 | 19.05 | -19.69 |
| 2020 (7) | -1.17 | 0 | -2.85 | 0 | -18.01 | 0 | 23.25 | 34.92 | -17.65 | 0 | -13.98 | 0 | -7.04 | 0 | -2.41 | 0 | 0.23 | -23.33 | 10.01 | -49.32 | 118.32 | -1.67 | 102.15 | 0 | -2.15 | 0 | 0.00 | 0 | 23.72 | 8.96 |
| 2019 (6) | -0.24 | 0 | 16.61 | -39.02 | 2.85 | -79.69 | 17.23 | 25.8 | -1.24 | 0 | -2.23 | 0 | -1.39 | 0 | 0.22 | -93.84 | 0.30 | -16.67 | 19.75 | -26.91 | 120.33 | 24.51 | -228.57 | 0 | 326.79 | 0 | 0.00 | 0 | 21.77 | 13.74 |
| 2018 (5) | 0.97 | -16.38 | 27.24 | 0.07 | 14.03 | -4.43 | 13.70 | 5.46 | 11.16 | -7.62 | 8.09 | -19.98 | 5.50 | -18.52 | 3.57 | -17.55 | 0.36 | -2.7 | 27.02 | 0.63 | 96.64 | 24.52 | 125.71 | 3.45 | -25.71 | 0 | 0.00 | 0 | 19.14 | 14.47 |
| 2017 (4) | 1.16 | 6.42 | 27.22 | 12.85 | 14.68 | 17.91 | 12.99 | -1.55 | 12.08 | 9.32 | 10.11 | 11.34 | 6.75 | 5.47 | 4.33 | 2.36 | 0.37 | -5.13 | 26.85 | 2.32 | 77.61 | -2.3 | 121.51 | 7.88 | -21.51 | 0 | 0.00 | 0 | 16.72 | 7.73 |
| 2016 (3) | 1.09 | 4.81 | 24.12 | -0.33 | 12.45 | 14.12 | 13.19 | -2.19 | 11.05 | 8.33 | 9.08 | 3.77 | 6.40 | -0.16 | 4.23 | 0.0 | 0.39 | -2.5 | 26.24 | 0.92 | 79.44 | 1.82 | 112.64 | 5.33 | -12.64 | 0 | 0.00 | 0 | 15.52 | 0.91 |
| 2015 (2) | 1.04 | 700.0 | 24.20 | 59.53 | 10.91 | 267.34 | 13.49 | -0.89 | 10.20 | 598.63 | 8.75 | 654.31 | 6.41 | 663.1 | 4.23 | 241.13 | 0.40 | 8.11 | 26.00 | 46.4 | 78.02 | -13.49 | 106.94 | -47.31 | -6.94 | 0 | 0.00 | 0 | 15.38 | 7.4 |
| 2014 (1) | 0.13 | 62.5 | 15.17 | 0 | 2.97 | 0 | 13.61 | -16.26 | 1.46 | 0 | 1.16 | 0 | 0.84 | 0 | 1.24 | 0 | 0.37 | 23.33 | 17.76 | -15.31 | 90.19 | -10.75 | 202.94 | -39.42 | -102.94 | 0 | 0.00 | 0 | 14.32 | -2.25 |
