- 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) | -0.40 | -165.57 | -273.91 | 1.61 | -74.03 | 26.77 | -3.44 | -343.97 | 32.42 | -6.13 | -170.62 | -213.73 | -6.47 | -175.32 | -231.5 | -3.70 | -164.35 | -268.18 | -1.27 | -143.05 | -194.07 | 0.25 | -19.35 | 19.05 | -2.73 | -123.51 | -129.26 | 129.79 | 5.16 | 17.47 | 55.56 | 222.22 | 160.61 | 44.44 | -46.3 | -77.78 | 6.16 | 15.36 | -22.32 |
| 24Q2 (19) | 0.61 | 1933.33 | 260.53 | 6.20 | 89.6 | 20.16 | 1.41 | 144.62 | 191.56 | 8.68 | 515.6 | 215.27 | 8.59 | 1355.93 | 206.97 | 5.75 | 2029.63 | 261.06 | 2.95 | 570.45 | 325.19 | 0.31 | 47.62 | 55.0 | 11.61 | 111.09 | 422.5 | 123.42 | 7.58 | 5.32 | 17.24 | 107.39 | -2.3 | 82.76 | -75.17 | 8.22 | 5.34 | -12.75 | -29.55 |
| 24Q1 (18) | 0.03 | 105.77 | -75.0 | 3.27 | 754.0 | -56.69 | -3.16 | 56.71 | -10433.33 | 1.41 | 115.26 | -35.02 | 0.59 | 105.7 | -78.62 | 0.27 | 105.51 | -76.11 | 0.44 | 121.46 | -42.86 | 0.21 | -8.7 | 16.67 | 5.50 | 199.46 | -12.84 | 114.72 | 7.3 | -6.88 | -233.33 | -401.96 | 0 | 333.33 | 1366.67 | 166.67 | 6.12 | -21.34 | -24.82 |
| 23Q4 (17) | -0.52 | -326.09 | 42.86 | -0.50 | -139.37 | -105.46 | -7.30 | -43.42 | -492.47 | -9.24 | -271.43 | 46.9 | -10.35 | -310.37 | 36.39 | -4.90 | -322.73 | 39.43 | -2.05 | -251.85 | 38.81 | 0.23 | 9.52 | 4.55 | -5.53 | -159.27 | 60.07 | 106.92 | -3.23 | -18.3 | 77.27 | 184.3 | 795.45 | 22.73 | -88.64 | -79.55 | 7.78 | -1.89 | 5.14 |
| 23Q3 (16) | 0.23 | 160.53 | 163.89 | 1.27 | -75.39 | 629.17 | -5.09 | -230.52 | 17.9 | 5.39 | 171.58 | 196.08 | 4.92 | 161.27 | 168.72 | 2.20 | 161.62 | 173.33 | 1.35 | 203.05 | 221.62 | 0.21 | 5.0 | 10.53 | 9.33 | 359.17 | 636.21 | 110.49 | -5.72 | -2.6 | -91.67 | -619.44 | -185.12 | 200.00 | 161.54 | 2700.0 | 7.93 | 4.62 | 11.38 |
| 23Q2 (15) | -0.38 | -416.67 | 28.3 | 5.16 | -31.66 | -37.38 | -1.54 | -5033.33 | -165.81 | -7.53 | -447.0 | 0.92 | -8.03 | -390.94 | 26.13 | -3.57 | -415.93 | 14.39 | -1.31 | -270.13 | 29.19 | 0.20 | 11.11 | 5.26 | -3.60 | -157.05 | 18.37 | 117.19 | -4.87 | -2.76 | 17.65 | 0 | 160.0 | 76.47 | -38.82 | -43.48 | 7.58 | -6.88 | 5.28 |
| 23Q1 (14) | 0.12 | 113.19 | -47.83 | 7.55 | -17.49 | 11.85 | -0.03 | -101.61 | -101.64 | 2.17 | 112.47 | -57.2 | 2.76 | 116.96 | -46.41 | 1.13 | 113.97 | -36.52 | 0.77 | 122.99 | -29.36 | 0.18 | -18.18 | 0.0 | 6.31 | 145.56 | -26.37 | 123.19 | -5.87 | 32.18 | 0.00 | 100.0 | -100.0 | 125.00 | 12.5 | 96.43 | 8.14 | 10.0 | 33.44 |
| 22Q4 (13) | -0.91 | -152.78 | -555.0 | 9.15 | 3912.5 | 37.59 | 1.86 | 130.0 | 214.11 | -17.40 | -210.16 | -581.99 | -16.27 | -127.23 | -512.94 | -8.09 | -169.67 | -618.59 | -3.35 | -201.8 | -435.0 | 0.22 | 15.79 | 10.0 | -13.85 | -695.98 | -312.42 | 130.87 | 15.36 | 30.94 | -11.11 | -110.32 | 77.78 | 111.11 | 1544.44 | -25.93 | 7.40 | 3.93 | -8.42 |
| 22Q3 (12) | -0.36 | 32.08 | -550.0 | -0.24 | -102.91 | -102.48 | -6.20 | -364.96 | -351.01 | -5.61 | 26.18 | -1903.57 | -7.16 | 34.13 | -567.97 | -3.00 | 28.06 | -541.18 | -1.11 | 40.0 | -301.82 | 0.19 | 0.0 | -17.39 | -1.74 | 60.54 | -163.04 | 113.44 | -5.87 | 29.48 | 107.69 | 466.15 | 117.95 | -7.69 | -105.69 | -101.1 | 7.12 | -1.11 | -6.32 |
| 22Q2 (11) | -0.53 | -330.43 | -188.33 | 8.24 | 22.07 | -25.02 | 2.34 | 27.87 | -50.63 | -7.60 | -249.9 | -169.47 | -10.87 | -311.07 | -202.26 | -4.17 | -334.27 | -182.57 | -1.85 | -269.72 | -163.79 | 0.19 | 5.56 | -24.0 | -4.41 | -151.46 | -131.84 | 120.52 | 29.31 | 27.66 | -29.41 | -180.88 | -168.63 | 135.29 | 112.61 | 136.76 | 7.20 | 18.03 | 32.11 |
| 22Q1 (10) | 0.23 | 15.0 | -84.56 | 6.75 | 1.5 | -45.34 | 1.83 | 212.27 | -60.73 | 5.07 | 40.44 | -83.91 | 5.15 | 30.71 | -83.74 | 1.78 | 14.1 | -86.92 | 1.09 | 9.0 | -84.58 | 0.18 | -10.0 | -18.18 | 8.57 | 31.44 | -75.43 | 93.20 | -6.75 | 14.02 | 36.36 | 172.73 | 147.27 | 63.64 | -57.58 | -25.39 | 6.10 | -24.5 | 14.23 |
| 21Q4 (9) | 0.20 | 150.0 | 150.0 | 6.65 | -31.37 | -31.3 | -1.63 | -165.99 | -303.75 | 3.61 | 1389.29 | 195.9 | 3.94 | 157.52 | 103.09 | 1.56 | 129.41 | 79.31 | 1.00 | 81.82 | 53.85 | 0.20 | -13.04 | -16.67 | 6.52 | 136.23 | 52.69 | 99.95 | 14.09 | -14.38 | -50.00 | 91.67 | -175.0 | 150.00 | -78.57 | 350.0 | 8.08 | 6.32 | 49.91 |
| 21Q3 (8) | 0.08 | -86.67 | -61.9 | 9.69 | -11.83 | -19.18 | 2.47 | -47.89 | -62.86 | -0.28 | -102.56 | -104.76 | 1.53 | -85.61 | -73.53 | 0.68 | -86.53 | -68.66 | 0.55 | -81.03 | -65.84 | 0.23 | -8.0 | -11.54 | 2.76 | -80.07 | -69.2 | 87.61 | -7.2 | 44.52 | -600.00 | -1500.0 | -614.29 | 700.00 | 1125.0 | 4300.0 | 7.60 | 39.45 | 76.74 |
| 21Q2 (7) | 0.60 | -59.73 | 757.14 | 10.99 | -11.01 | 66.01 | 4.74 | 1.72 | 3060.0 | 10.94 | -65.28 | 392.79 | 10.63 | -66.45 | 364.19 | 5.05 | -62.89 | 631.88 | 2.90 | -58.98 | 367.74 | 0.25 | 13.64 | 8.7 | 13.85 | -60.29 | 132.77 | 94.41 | 15.5 | 192.2 | 42.86 | 191.43 | 0 | 57.14 | -33.0 | -23.81 | 5.45 | 2.06 | 0 |
| 21Q1 (6) | 1.49 | 1762.5 | 673.08 | 12.35 | 27.58 | 1227.96 | 4.66 | 482.5 | 162.63 | 31.51 | 2482.79 | 387.24 | 31.68 | 1532.99 | 392.25 | 13.61 | 1464.37 | 607.84 | 7.07 | 987.69 | 468.23 | 0.22 | -8.33 | 22.22 | 34.88 | 716.86 | 642.46 | 81.74 | -29.98 | 173.2 | 14.71 | -77.94 | -77.94 | 85.29 | 155.88 | 155.88 | 5.34 | -0.93 | 0 |
| 20Q4 (5) | 0.08 | -61.9 | 900.0 | 9.68 | -19.27 | 49.38 | 0.80 | -87.97 | 142.42 | 1.22 | -79.25 | 448.57 | 1.94 | -66.44 | 818.52 | 0.87 | -59.91 | 1066.67 | 0.65 | -59.63 | 6400.0 | 0.24 | -7.69 | 0.0 | 4.27 | -52.34 | 41.39 | 116.74 | 92.58 | 206.08 | 66.67 | -42.86 | 166.67 | 33.33 | 300.0 | -66.67 | 5.39 | 25.35 | 4.86 |
| 20Q3 (4) | 0.21 | 200.0 | 0.0 | 11.99 | 81.12 | 0.0 | 6.65 | 4333.33 | 0.0 | 5.88 | 164.86 | 0.0 | 5.78 | 152.4 | 0.0 | 2.17 | 214.49 | 0.0 | 1.61 | 159.68 | 0.0 | 0.26 | 13.04 | 0.0 | 8.96 | 50.59 | 0.0 | 60.62 | 87.62 | 0.0 | 116.67 | 0 | 0.0 | -16.67 | -122.22 | 0.0 | 4.30 | 0 | 0.0 |
| 20Q2 (3) | 0.07 | 126.92 | 0.0 | 6.62 | 611.83 | 0.0 | 0.15 | 102.02 | 0.0 | 2.22 | 120.24 | 0.0 | 2.29 | 121.13 | 0.0 | 0.69 | 125.75 | 0.0 | 0.62 | 132.29 | 0.0 | 0.23 | 27.78 | 0.0 | 5.95 | 192.53 | 0.0 | 32.31 | 7.99 | 0.0 | 0.00 | -100.0 | 0.0 | 75.00 | 125.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.26 | -2500.0 | 0.0 | 0.93 | -85.65 | 0.0 | -7.44 | -2354.55 | 0.0 | -10.97 | -3034.29 | 0.0 | -10.84 | -3914.81 | 0.0 | -2.68 | -2877.78 | 0.0 | -1.92 | -19300.0 | 0.0 | 0.18 | -25.0 | 0.0 | -6.43 | -312.91 | 0.0 | 29.92 | -21.55 | 0.0 | 66.67 | 166.67 | 0.0 | 33.33 | -66.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.01 | 0.0 | 0.0 | 6.48 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | -0.35 | 0.0 | 0.0 | -0.27 | 0.0 | 0.0 | -0.09 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | 3.02 | 0.0 | 0.0 | 38.14 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 5.14 | 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) | -0.54 | 0 | 3.24 | -46.45 | -3.61 | 0 | 2.25 | 10.01 | -2.46 | 0 | -2.86 | 0 | -5.17 | 0 | -1.15 | 0 | 0.83 | 3.75 | 1.58 | 0 | 106.92 | -18.3 | 145.45 | 0 | -45.45 | 0 | 0.00 | 0 | 7.85 | 12.3 |
| 2022 (9) | -1.56 | 0 | 6.05 | -38.95 | -0.03 | 0 | 2.05 | 9.2 | -6.98 | 0 | -7.83 | 0 | -13.35 | 0 | -5.29 | 0 | 0.80 | -9.09 | -3.56 | 0 | 130.87 | 30.94 | -0.00 | 0 | 98.46 | 29.62 | 0.00 | 0 | 6.99 | 5.59 |
| 2021 (8) | 2.37 | 2270.0 | 9.91 | 23.41 | 2.59 | 236.36 | 1.88 | -32.61 | 10.84 | 2112.24 | 11.35 | 1454.79 | 20.63 | 1846.23 | 10.72 | 911.32 | 0.88 | 6.02 | 13.87 | 248.49 | 99.95 | -14.38 | 24.04 | -83.97 | 75.96 | 0 | 0.00 | 0 | 6.62 | 24.44 |
| 2020 (7) | 0.10 | 0 | 8.03 | 56.23 | 0.77 | 0 | 2.79 | -7.16 | 0.49 | 0 | 0.73 | 0 | 1.06 | 0 | 1.06 | 0 | 0.83 | -17.82 | 3.98 | 110.58 | 116.74 | 206.08 | 150.00 | 110.0 | -50.00 | 0 | 0.00 | 0 | 5.32 | 9.69 |
| 2019 (6) | -0.18 | 0 | 5.14 | 25.98 | -1.09 | 0 | 3.00 | 67.25 | -1.55 | 0 | -1.13 | 0 | -1.74 | 0 | -0.73 | 0 | 1.01 | -15.13 | 1.89 | 80.0 | 38.14 | -42.82 | 71.43 | 126.19 | 28.57 | -58.24 | 0.00 | 0 | 4.85 | 19.46 |
| 2018 (5) | -0.32 | 0 | 4.08 | -31.2 | -0.46 | 0 | 1.79 | -1.11 | -1.45 | 0 | -1.43 | 0 | -3.06 | 0 | -1.05 | 0 | 1.19 | 6.25 | 1.05 | -76.67 | 66.70 | -27.34 | 31.58 | -1.75 | 68.42 | 0.83 | 0.00 | 0 | 4.06 | -11.55 |
| 2017 (4) | 0.50 | 614.29 | 5.93 | 16.27 | 0.75 | 0 | 1.81 | -22.58 | 2.23 | 364.58 | 2.42 | 404.17 | 4.80 | 566.67 | 3.17 | 296.25 | 1.12 | 20.43 | 4.50 | 36.36 | 91.80 | 49.58 | 32.14 | 0 | 67.86 | -81.9 | 0.00 | 0 | 4.59 | -9.65 |
| 2016 (3) | 0.07 | 0 | 5.10 | 347.37 | -1.17 | 0 | 2.34 | 11.24 | 0.48 | 0 | 0.48 | 0 | 0.72 | 0 | 0.80 | 0 | 0.93 | -7.0 | 3.30 | 0 | 61.37 | -0.29 | -275.00 | 0 | 375.00 | 1062.5 | 0.00 | 0 | 5.08 | -12.86 |
| 2015 (2) | -1.50 | 0 | 1.14 | -67.05 | -5.82 | 0 | 2.11 | 17.58 | -8.53 | 0 | -8.53 | 0 | -13.97 | 0 | -8.22 | 0 | 1.00 | -4.76 | -5.95 | 0 | 61.55 | -5.58 | 68.82 | -13.34 | 32.26 | 56.68 | 0.00 | 0 | 5.83 | 15.67 |
| 2014 (1) | -0.74 | 0 | 3.46 | 0 | -2.07 | 0 | 1.79 | 31.56 | -2.63 | 0 | -2.64 | 0 | -5.91 | 0 | -2.18 | 0 | 1.05 | -30.0 | -0.16 | 0 | 65.19 | -65.9 | 79.41 | 0.13 | 20.59 | -8.14 | 0.00 | 0 | 5.04 | 11.75 |
