- 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) | 0.12 | 300.0 | -80.95 | 58.99 | -3.31 | 10.57 | -41.67 | -60.64 | -2.28 | 79.58 | 274.98 | -79.65 | 79.58 | 274.98 | -79.65 | 0.53 | 251.43 | -86.45 | 0.37 | 562.5 | -81.86 | 0.00 | 0 | 0 | 115.79 | 1527.74 | -72.68 | 83.03 | 0.35 | -21.12 | -53.33 | -200.74 | -414.51 | 153.33 | 272.38 | 38.93 | 40.01 | -4.17 | -2.98 |
| 24Q2 (19) | -0.06 | -20.0 | 33.33 | 61.01 | -0.41 | 22.63 | -25.94 | -27.47 | 15.5 | -45.48 | -40.54 | 11.59 | -45.48 | -40.54 | 11.59 | -0.35 | -6.06 | 30.0 | -0.08 | -33.33 | 50.0 | 0.00 | 0 | 0 | -8.11 | 0 | 56.4 | 82.74 | -28.83 | -15.42 | 52.94 | -13.97 | -10.41 | 41.18 | 7.06 | 0.65 | 41.75 | -6.64 | 5.19 |
| 24Q1 (18) | -0.05 | 28.57 | 64.29 | 61.26 | 18.13 | 39.58 | -20.35 | -25.69 | 67.56 | -32.36 | 26.27 | 61.42 | -32.36 | 26.27 | 61.42 | -0.33 | 25.0 | 56.0 | -0.06 | 50.0 | 81.25 | 0.00 | 0 | 0 | 0.00 | 100.0 | 100.0 | 116.26 | 13.46 | 30.23 | 61.54 | 58.24 | -15.67 | 38.46 | -42.31 | 58.12 | 44.72 | 12.67 | 12.5 |
| 23Q4 (17) | -0.07 | -111.11 | 53.33 | 51.86 | -2.79 | 91.51 | -16.19 | 60.26 | 79.47 | -43.89 | -111.22 | 54.43 | -43.89 | -111.22 | 54.43 | -0.44 | -111.25 | 43.59 | -0.12 | -105.88 | 66.67 | 0.00 | 0 | 0 | -11.90 | -102.81 | 82.37 | 102.47 | -2.65 | 28.01 | 38.89 | 475.16 | -52.33 | 66.67 | -39.59 | 261.9 | 39.69 | -3.76 | -2.27 |
| 23Q3 (16) | 0.63 | 800.0 | -47.5 | 53.35 | 7.24 | -17.36 | -40.74 | -32.7 | 19.36 | 391.02 | 860.15 | -50.04 | 391.02 | 860.15 | -50.04 | 3.91 | 882.0 | -34.29 | 2.04 | 1375.0 | -40.52 | 0.00 | 0 | 0 | 423.81 | 2378.55 | -47.52 | 105.26 | 7.61 | 27.17 | -10.37 | -117.54 | -61.71 | 110.37 | 169.78 | 3.72 | 41.24 | 3.91 | 3.62 |
| 23Q2 (15) | -0.09 | 35.71 | 30.77 | 49.75 | 13.35 | 16.1 | -30.70 | 51.06 | 56.94 | -51.44 | 38.67 | 41.44 | -51.44 | 38.67 | 41.44 | -0.50 | 33.33 | 5.66 | -0.16 | 50.0 | 40.74 | 0.00 | 0 | 0 | -18.60 | 64.42 | 68.46 | 97.82 | 9.58 | 36.47 | 59.09 | -19.02 | -28.25 | 40.91 | 68.18 | 131.82 | 39.69 | -0.15 | -5.59 |
| 23Q1 (14) | -0.14 | 6.67 | -27.27 | 43.89 | 62.08 | -11.03 | -62.73 | 20.45 | -21.33 | -83.87 | 12.92 | -42.83 | -83.87 | 12.92 | -42.83 | -0.75 | 3.85 | -114.29 | -0.32 | 11.11 | -68.42 | 0.00 | 0 | 0 | -52.27 | 22.56 | -36.48 | 89.27 | 11.52 | 57.8 | 72.97 | -10.55 | -14.86 | 24.32 | 32.05 | 127.03 | 39.75 | -2.12 | 2.95 |
| 22Q4 (13) | -0.15 | -112.5 | -36.36 | 27.08 | -58.05 | -39.67 | -78.86 | -56.1 | -44.01 | -96.31 | -112.3 | -59.67 | -96.31 | -112.3 | -59.67 | -0.78 | -113.11 | -129.41 | -0.36 | -110.5 | -89.47 | 0.00 | 0 | 0 | -67.50 | -108.36 | -72.5 | 80.05 | -3.29 | 70.21 | 81.58 | 1372.63 | -8.63 | 18.42 | -82.69 | 71.93 | 40.61 | 2.04 | 13.4 |
| 22Q3 (12) | 1.20 | 1023.08 | 5900.0 | 64.56 | 50.67 | 48.07 | -50.52 | 29.13 | 39.84 | 782.72 | 991.07 | 9054.62 | 782.72 | 991.07 | 9054.62 | 5.95 | 1222.64 | 14775.0 | 3.43 | 1370.37 | 5616.67 | 0.00 | 0 | 0 | 807.50 | 1469.34 | 2726.39 | 82.77 | 15.47 | 67.58 | -6.41 | -107.78 | 99.37 | 106.41 | 502.99 | -90.75 | 39.80 | -5.33 | -40.76 |
| 22Q2 (11) | -0.13 | -18.18 | -425.0 | 42.85 | -13.14 | -26.94 | -71.29 | -37.89 | -594.73 | -87.84 | -49.59 | -905.13 | -87.84 | -49.59 | -967.13 | -0.53 | -51.43 | -507.69 | -0.27 | -42.11 | -307.69 | 0.00 | 0 | -100.0 | -58.97 | -53.97 | -394.85 | 71.68 | 26.71 | 108.98 | 82.35 | -3.92 | -35.29 | 17.65 | 64.71 | 164.71 | 42.04 | 8.88 | 170.7 |
| 22Q1 (10) | -0.11 | 0.0 | -128.95 | 49.33 | 9.89 | -14.86 | -51.70 | 5.59 | -361.9 | -58.72 | 2.65 | -175.72 | -58.72 | 2.65 | -178.5 | -0.35 | -2.94 | -112.5 | -0.19 | 0.0 | -114.07 | 0.00 | 0 | -100.0 | -38.30 | 2.12 | -145.2 | 56.57 | 20.28 | -50.98 | 85.71 | -4.0 | 232.97 | 10.71 | 0.0 | -85.76 | 38.61 | 7.82 | 212.38 |
| 21Q4 (9) | -0.11 | -650.0 | 21.43 | 44.89 | 2.96 | -2.35 | -54.76 | 34.79 | 20.7 | -60.32 | -805.5 | 27.28 | -60.32 | -805.5 | 27.28 | -0.34 | -950.0 | 71.9 | -0.19 | -416.67 | 56.82 | 0.00 | 0 | -100.0 | -39.13 | -236.96 | 32.7 | 47.03 | -4.78 | -60.94 | 89.29 | 108.71 | 7.14 | 10.71 | -99.07 | -35.71 | 35.81 | -46.7 | -4.76 |
| 21Q3 (8) | 0.02 | -50.0 | 166.67 | 43.60 | -25.66 | 50.45 | -83.98 | -682.79 | -10.95 | 8.55 | -21.63 | 136.59 | 8.55 | -15.6 | 136.59 | 0.04 | -69.23 | 111.43 | 0.06 | -53.85 | 200.0 | 0.00 | -100.0 | -100.0 | 28.57 | 42.85 | 252.28 | 49.39 | 43.99 | -69.8 | -1025.00 | -905.36 | -429.46 | 1150.00 | 4316.67 | 644.74 | 67.18 | 332.58 | 431.07 |
| 21Q2 (7) | 0.04 | -89.47 | 123.53 | 58.65 | 1.23 | 86.66 | 14.41 | -27.0 | 111.43 | 10.91 | -85.93 | 110.18 | 10.13 | -86.46 | 109.45 | 0.13 | -95.36 | 106.99 | 0.13 | -90.37 | 121.67 | 0.01 | -50.0 | 0.0 | 20.00 | -76.4 | 125.62 | 34.30 | -70.28 | -80.1 | 127.27 | 394.41 | 9.8 | -27.27 | -136.24 | -50.0 | 15.53 | 25.65 | -76.99 |
| 21Q1 (6) | 0.38 | 371.43 | 311.11 | 57.94 | 26.04 | 120.39 | 19.74 | 128.59 | 117.67 | 77.55 | 193.49 | 163.49 | 74.80 | 190.17 | 161.24 | 2.80 | 331.4 | 242.86 | 1.35 | 406.82 | 307.69 | 0.02 | 100.0 | 100.0 | 84.73 | 245.73 | 194.42 | 115.41 | -4.15 | -33.51 | 25.74 | -69.11 | -71.92 | 75.25 | 351.49 | 802.97 | 12.36 | -67.13 | -69.54 |
| 20Q4 (5) | -0.14 | -366.67 | 26.32 | 45.97 | 58.63 | 35.68 | -69.05 | 8.77 | 30.96 | -82.95 | -254.94 | 26.06 | -82.95 | -254.94 | 26.06 | -1.21 | -245.71 | 37.31 | -0.44 | -633.33 | 34.33 | 0.01 | 0.0 | 0.0 | -58.14 | -816.89 | 30.86 | 120.41 | -26.37 | -25.4 | 83.33 | -73.21 | -7.2 | 16.67 | 107.89 | 63.33 | 37.60 | 197.23 | 0 |
| 20Q3 (4) | -0.03 | 82.35 | 0.0 | 28.98 | -7.77 | 0.0 | -75.69 | 39.98 | 0.0 | -23.37 | 78.2 | 0.0 | -23.37 | 78.2 | 0.0 | -0.35 | 81.18 | 0.0 | -0.06 | 90.0 | 0.0 | 0.01 | 0.0 | 0.0 | 8.11 | 110.39 | 0.0 | 163.54 | -5.13 | 0.0 | 311.11 | 168.41 | 0.0 | -211.11 | -1061.11 | 0.0 | 12.65 | -81.26 | 0.0 |
| 20Q2 (3) | -0.17 | 5.56 | 0.0 | 31.42 | 19.51 | 0.0 | -126.10 | -12.87 | 0.0 | -107.22 | 12.22 | 0.0 | -107.22 | 12.22 | 0.0 | -1.86 | 5.1 | 0.0 | -0.60 | 7.69 | 0.0 | 0.01 | 0.0 | 0.0 | -78.05 | 13.03 | 0.0 | 172.38 | -0.69 | 0.0 | 115.91 | 26.45 | 0.0 | -18.18 | -318.18 | 0.0 | 67.50 | 66.34 | 0.0 |
| 20Q1 (2) | -0.18 | 5.26 | 0.0 | 26.29 | -22.4 | 0.0 | -111.72 | -11.7 | 0.0 | -122.14 | -8.88 | 0.0 | -122.14 | -8.88 | 0.0 | -1.96 | -1.55 | 0.0 | -0.65 | 2.99 | 0.0 | 0.01 | 0.0 | 0.0 | -89.74 | -6.72 | 0.0 | 173.57 | 7.53 | 0.0 | 91.67 | 2.08 | 0.0 | 8.33 | -18.33 | 0.0 | 40.58 | 0 | 0.0 |
| 19Q4 (1) | -0.19 | 0.0 | 0.0 | 33.88 | 0.0 | 0.0 | -100.02 | 0.0 | 0.0 | -112.18 | 0.0 | 0.0 | -112.18 | 0.0 | 0.0 | -1.93 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -84.09 | 0.0 | 0.0 | 161.41 | 0.0 | 0.0 | 89.80 | 0.0 | 0.0 | 10.20 | 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) | 0.33 | -59.26 | 49.65 | 7.63 | -37.79 | 0 | 7.60 | -3.51 | 50.47 | -60.67 | 50.47 | -60.67 | 1.82 | -41.48 | 1.32 | -38.6 | 0.02 | 0.0 | 83.04 | -46.06 | 102.47 | 28.01 | -75.58 | 0 | 175.58 | 18.17 | 0.06 | -23.74 | 40.09 | -0.22 |
| 2022 (9) | 0.81 | 153.13 | 46.13 | -14.79 | -62.54 | 0 | 7.88 | 83.46 | 128.31 | 372.08 | 128.31 | 396.56 | 3.11 | 119.01 | 2.15 | 108.74 | 0.02 | -33.33 | 153.94 | 295.12 | 80.05 | 70.21 | -48.58 | 0 | 148.58 | 14.99 | 0.08 | 17.01 | 40.18 | 61.04 |
| 2021 (8) | 0.32 | 0 | 54.14 | 61.37 | -8.15 | 0 | 4.29 | -64.06 | 27.18 | 0 | 25.84 | 0 | 1.42 | 0 | 1.03 | 0 | 0.03 | 50.0 | 38.96 | 0 | 47.03 | -60.94 | -30.34 | 0 | 129.21 | 0 | 0.06 | -46.23 | 24.95 | -38.03 |
| 2020 (7) | -0.52 | 0 | 33.55 | 8.86 | -95.57 | 0 | 11.95 | 0.97 | -85.08 | 0 | -85.08 | 0 | -4.57 | 0 | -1.63 | 0 | 0.02 | -33.33 | -56.60 | 0 | 120.41 | -25.4 | 111.76 | 9.34 | -12.50 | 0 | 0.12 | -21.19 | 40.26 | 22.67 |
| 2019 (6) | -0.69 | 0 | 30.82 | 43.82 | -108.82 | 0 | 11.83 | 23.42 | -105.95 | 0 | -105.95 | 0 | -6.99 | 0 | -2.43 | 0 | 0.03 | 0.0 | -78.11 | 0 | 161.41 | 10.05 | 102.22 | -1.34 | -2.78 | 0 | 0.15 | -10.79 | 32.82 | 34.95 |
| 2018 (5) | -0.64 | 0 | 21.43 | -22.41 | -78.67 | 0 | 9.59 | -15.07 | -76.09 | 0 | -76.33 | 0 | -6.06 | 0 | -2.25 | 0 | 0.03 | 0.0 | -54.79 | 0 | 146.67 | 13.12 | 103.61 | 6.13 | -3.61 | 0 | 0.17 | -5.97 | 24.32 | -12.52 |
| 2017 (4) | -0.66 | 0 | 27.62 | 0 | -88.68 | 0 | 11.29 | -65.64 | -90.58 | 0 | -91.48 | 0 | -5.82 | 0 | -2.30 | 0 | 0.03 | 200.0 | -66.67 | 0 | 129.66 | 5.97 | 97.63 | -16.12 | 2.37 | 0 | 0.18 | 0 | 27.80 | -63.8 |
| 2016 (3) | -0.70 | 0 | -8.61 | 0 | -306.82 | 0 | 32.86 | 169.43 | -262.93 | 0 | -262.93 | 0 | -5.93 | 0 | -2.51 | 0 | 0.01 | -66.67 | -197.14 | 0 | 122.35 | 16.2 | 116.39 | -17.75 | -16.94 | 0 | 0.00 | 0 | 76.80 | 132.94 |
| 2015 (2) | -0.61 | 0 | -7.75 | 0 | -109.70 | 0 | 12.20 | 128.03 | -77.27 | 0 | -77.27 | 0 | -4.63 | 0 | -2.06 | 0 | 0.03 | -86.36 | -54.63 | 0 | 105.29 | 10.48 | 141.51 | 164.59 | -42.14 | 0 | 0.00 | 0 | 32.97 | 129.12 |
| 2014 (1) | -1.71 | 0 | 5.27 | 0 | -15.35 | 0 | 5.35 | 39.74 | -28.69 | 0 | -28.69 | 0 | -12.06 | 0 | -6.04 | 0 | 0.22 | -21.43 | -22.10 | 0 | 95.30 | 5.58 | 53.48 | -53.81 | 46.52 | 0 | 0.00 | 0 | 14.39 | 38.9 |
