- 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) | -0.27 | -80.0 | 47.06 | 8.98 | -16.39 | 106.0 | -62.13 | 40.6 | 84.57 | -160.92 | -76.43 | 69.04 | -165.95 | -35.75 | 67.61 | -1.80 | -80.0 | 57.24 | -0.78 | -105.26 | 56.18 | 0.01 | 0 | 0 | -56.58 | -213.16 | 79.01 | 96.11 | 3.02 | 12.06 | 38.52 | -65.97 | -50.38 | 61.48 | 507.27 | 174.9 | 18.73 | -29.4 | -76.72 |
| 24Q2 (19) | -0.15 | 21.05 | 75.41 | 10.74 | 377.33 | 113.36 | -104.60 | 4.34 | 57.75 | -91.21 | 38.92 | 62.91 | -122.25 | 21.77 | 50.99 | -1.00 | 18.7 | 88.0 | -0.38 | 25.49 | 85.93 | 0.00 | 0 | -100.0 | 50.00 | 0 | 138.36 | 93.29 | 0.24 | -52.02 | 113.21 | 55.89 | 12.39 | -15.09 | -157.63 | -1967.92 | 26.53 | -0.08 | -87.12 |
| 24Q1 (18) | -0.19 | 87.97 | 82.24 | 2.25 | 101.26 | 110.57 | -109.35 | 64.53 | 36.88 | -149.33 | 90.76 | 16.11 | -156.26 | 90.33 | 12.23 | -1.23 | 87.19 | 90.66 | -0.51 | 89.72 | 89.35 | 0.00 | 0 | -100.0 | 0.00 | 100.0 | 100.0 | 93.07 | 1.6 | -47.62 | 72.62 | 281.51 | -25.41 | 26.19 | -67.65 | 891.21 | 26.55 | -25.86 | -43.7 |
| 23Q4 (17) | -1.58 | -209.8 | 20.6 | -178.09 | -18.89 | -928.83 | -308.25 | 23.44 | -369.32 | -1615.91 | -210.88 | -519.86 | -1616.00 | -215.41 | -520.37 | -9.60 | -128.03 | 53.33 | -4.96 | -178.65 | 41.37 | 0.00 | 0 | -100.0 | -1377.78 | -411.1 | -513.71 | 91.60 | 6.8 | -39.61 | 19.03 | -75.48 | -24.28 | 80.97 | 262.05 | 8.31 | 35.81 | -55.49 | 29.46 |
| 23Q3 (16) | -0.51 | 16.39 | -82.14 | -149.79 | -86.31 | -2050.39 | -402.65 | -62.63 | -1503.54 | -519.78 | -111.39 | -2083.95 | -512.35 | -105.42 | -2027.7 | -4.21 | 49.46 | -65.1 | -1.78 | 34.07 | -83.51 | 0.00 | -100.0 | -100.0 | -269.57 | -106.79 | -71039.47 | 85.77 | -55.89 | -32.7 | 77.64 | -22.93 | -26.48 | 22.36 | 3163.71 | 499.34 | 80.46 | -60.92 | 267.23 |
| 23Q2 (15) | -0.61 | 42.99 | -90.62 | -80.40 | -277.64 | -4829.41 | -247.59 | -42.92 | -430.63 | -245.89 | -38.13 | -546.06 | -249.42 | -40.09 | -551.23 | -8.33 | 36.75 | -187.24 | -2.70 | 43.63 | -130.77 | 0.01 | -66.67 | -66.67 | -130.36 | 3.8 | -2697.42 | 194.45 | 9.44 | 53.79 | 100.73 | 3.46 | -17.74 | -0.73 | -127.62 | 96.75 | 205.91 | 336.62 | 638.82 |
| 23Q1 (14) | -1.07 | 46.23 | -189.19 | -21.29 | -22.99 | -336.27 | -173.24 | -163.76 | -228.54 | -178.01 | 31.72 | -274.68 | -178.04 | 31.65 | -274.82 | -13.17 | 35.97 | -311.56 | -4.79 | 43.38 | -254.81 | 0.03 | 0.0 | 0.0 | -135.51 | 39.64 | -1193.03 | 177.68 | 17.13 | 46.47 | 97.36 | 287.31 | -12.06 | 2.64 | -96.47 | 124.66 | 47.16 | 70.5 | 71.68 |
| 22Q4 (13) | -1.99 | -610.71 | -89.52 | -17.31 | -325.39 | 65.33 | -65.68 | -161.57 | 37.37 | -260.69 | -995.34 | -91.87 | -260.49 | -981.77 | -79.44 | -20.57 | -706.67 | -134.82 | -8.46 | -772.16 | -113.1 | 0.03 | -40.0 | 0.0 | -224.50 | -59178.95 | -166.85 | 151.69 | 19.03 | 28.55 | 25.14 | -76.2 | -67.47 | 74.75 | 1434.89 | 228.77 | 27.66 | 26.24 | 77.19 |
| 22Q3 (12) | -0.28 | 12.5 | 71.43 | 7.68 | 351.76 | 114.07 | -25.11 | 46.19 | 79.18 | -23.80 | 37.47 | 81.09 | -24.08 | 37.13 | 81.59 | -2.55 | 12.07 | 66.27 | -0.97 | 17.09 | 72.21 | 0.05 | 66.67 | 66.67 | 0.38 | 108.15 | 100.43 | 127.44 | 0.79 | 14.55 | 105.60 | -13.76 | 10.17 | -5.60 | 75.05 | -235.02 | 21.91 | -21.39 | -27.64 |
| 22Q2 (11) | -0.32 | 13.51 | 87.2 | 1.70 | 134.84 | 101.56 | -46.66 | 11.51 | 81.25 | -38.06 | 19.89 | 88.93 | -38.30 | 19.37 | 88.87 | -2.90 | 9.38 | 82.92 | -1.17 | 13.33 | 86.02 | 0.03 | 0.0 | 50.0 | -4.66 | 55.53 | 98.45 | 126.44 | 4.23 | 15.22 | 122.45 | 10.6 | 69.1 | -22.45 | -109.52 | -181.37 | 27.87 | 1.46 | -72.97 |
| 22Q1 (10) | -0.37 | 64.76 | 36.21 | -4.88 | 90.23 | -74.91 | -52.73 | 49.72 | -15.28 | -47.51 | 65.03 | 1.51 | -47.50 | 67.28 | 1.78 | -3.20 | 63.47 | 10.11 | -1.35 | 65.99 | 23.3 | 0.03 | 0.0 | -25.0 | -10.48 | 87.54 | 52.06 | 121.31 | 2.81 | 30.41 | 110.71 | 43.3 | 16.89 | -10.71 | -147.12 | -302.81 | 27.47 | 75.98 | -31.03 |
| 21Q4 (9) | -1.05 | -7.14 | -10600.0 | -49.93 | 8.52 | -309.26 | -104.87 | 13.04 | -2006.73 | -135.87 | -7.94 | -5761.25 | -145.17 | -10.99 | -55934.62 | -8.76 | -15.87 | -17620.0 | -3.97 | -13.75 | -3709.09 | 0.03 | 0.0 | -70.0 | -84.13 | 4.53 | -733.99 | 118.00 | 6.07 | 26.57 | 77.26 | -19.39 | -66.45 | 22.74 | 448.22 | 117.45 | 15.61 | -48.45 | -19.74 |
| 21Q3 (8) | -0.98 | 60.8 | -526.09 | -54.58 | 50.01 | -311.96 | -120.60 | 51.54 | -1660.16 | -125.88 | 63.4 | -2293.03 | -130.80 | 61.98 | -2444.09 | -7.56 | 55.48 | -628.67 | -3.49 | 58.3 | -510.59 | 0.03 | 50.0 | -78.57 | -88.12 | 70.63 | -753.22 | 111.25 | 1.38 | 24.3 | 95.85 | 32.37 | -28.93 | 4.15 | -84.97 | 111.9 | 30.28 | -70.63 | 132.21 |
| 21Q2 (7) | -2.50 | -331.03 | 0 | -109.19 | -3813.62 | -618.72 | -248.89 | -444.14 | -21556.03 | -343.89 | -612.87 | -70081.63 | -344.01 | -611.35 | -860125.0 | -16.98 | -376.97 | -21325.0 | -8.37 | -375.57 | -6538.46 | 0.02 | -50.0 | -75.0 | -300.00 | -1272.37 | -2436.45 | 109.74 | 17.97 | 26.14 | 72.41 | -23.55 | 127.85 | 27.59 | 422.22 | -92.34 | 103.09 | 158.83 | 0 |
| 21Q1 (6) | -0.58 | -5900.0 | 0 | -2.79 | -111.69 | -114.65 | -45.74 | -931.64 | -2759.3 | -48.24 | -2110.0 | -3868.75 | -48.36 | -18700.0 | -37300.0 | -3.56 | -7220.0 | -3660.0 | -1.76 | -1700.0 | -1200.0 | 0.04 | -60.0 | -60.0 | -21.86 | -264.73 | -273.22 | 93.02 | -0.23 | 5.64 | 94.72 | -58.87 | -29.99 | 5.28 | 104.05 | 114.97 | 39.83 | 104.78 | 143.16 |
| 20Q4 (5) | 0.01 | -95.65 | 101.3 | 23.86 | -7.34 | 69.82 | 5.50 | -28.85 | 150.74 | 2.40 | -58.19 | 107.26 | 0.26 | -95.34 | 100.8 | 0.05 | -96.5 | 101.09 | 0.11 | -87.06 | 104.6 | 0.10 | -28.57 | 25.0 | 13.27 | -1.63 | 178.47 | 93.23 | 4.17 | 8.61 | 230.30 | 70.77 | 602.62 | -130.30 | -273.76 | -293.84 | 19.45 | 49.16 | -13.71 |
| 20Q3 (4) | 0.23 | 0 | 0.0 | 25.75 | 22.33 | 0.0 | 7.73 | 566.38 | 0.0 | 5.74 | 1271.43 | 0.0 | 5.58 | 13850.0 | 0.0 | 1.43 | 1687.5 | 0.0 | 0.85 | 553.85 | 0.0 | 0.14 | 75.0 | 0.0 | 13.49 | 5.06 | 0.0 | 89.50 | 2.87 | 0.0 | 134.86 | 151.87 | 0.0 | -34.86 | -109.68 | 0.0 | 13.04 | 0 | 0.0 |
| 20Q2 (3) | 0.00 | 0 | 0.0 | 21.05 | 10.5 | 0.0 | 1.16 | -32.56 | 0.0 | -0.49 | -138.28 | 0.0 | 0.04 | -69.23 | 0.0 | 0.08 | -20.0 | 0.0 | 0.13 | -18.75 | 0.0 | 0.08 | -20.0 | 0.0 | 12.84 | 1.74 | 0.0 | 87.00 | -1.19 | 0.0 | -260.00 | -292.17 | 0.0 | 360.00 | 1120.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.00 | 100.0 | 0.0 | 19.05 | 35.59 | 0.0 | 1.72 | 115.87 | 0.0 | 1.28 | 103.87 | 0.0 | 0.13 | 100.4 | 0.0 | 0.10 | 102.18 | 0.0 | 0.16 | 106.69 | 0.0 | 0.10 | 25.0 | 0.0 | 12.62 | 174.63 | 0.0 | 88.05 | 2.57 | 0.0 | 135.29 | 312.76 | 0.0 | -35.29 | -152.5 | 0.0 | 16.38 | -27.33 | 0.0 |
| 19Q4 (1) | -0.77 | 0.0 | 0.0 | 14.05 | 0.0 | 0.0 | -10.84 | 0.0 | 0.0 | -33.08 | 0.0 | 0.0 | -32.43 | 0.0 | 0.0 | -4.58 | 0.0 | 0.0 | -2.39 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -16.91 | 0.0 | 0.0 | 85.84 | 0.0 | 0.0 | 32.78 | 0.0 | 0.0 | 67.22 | 0.0 | 0.0 | 22.54 | 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) | -3.76 | 0 | -62.03 | 0 | -225.10 | 0 | 74.27 | 192.72 | -361.33 | 0 | -361.47 | 0 | -30.96 | 0 | -13.87 | 0 | 0.04 | -73.33 | -264.44 | 0 | 91.60 | -39.61 | 62.29 | 15.78 | 37.71 | -18.38 | 0.04 | -56.36 | 86.28 | 234.42 |
| 2022 (9) | -2.95 | 0 | -1.92 | 0 | -45.11 | 0 | 25.37 | -15.73 | -83.84 | 0 | -83.94 | 0 | -29.20 | 0 | -11.99 | 0 | 0.15 | 25.0 | -51.98 | 0 | 151.69 | 28.55 | 53.80 | -33.01 | 46.20 | 134.67 | 0.10 | -22.99 | 25.80 | -44.02 |
| 2021 (8) | -5.11 | 0 | -47.07 | 0 | -118.38 | 0 | 30.11 | 286.0 | -147.38 | 0 | -150.52 | 0 | -36.57 | 0 | -17.59 | 0 | 0.12 | -70.0 | -109.42 | 0 | 118.00 | 26.57 | 80.31 | -53.5 | 19.69 | 0 | 0.13 | 71.76 | 46.09 | 182.93 |
| 2020 (7) | 0.24 | 0 | 22.82 | 51.13 | 4.33 | 0 | 7.80 | -28.44 | 2.50 | 0 | 1.95 | 0 | 1.50 | 0 | 1.16 | 0 | 0.40 | 21.21 | 12.92 | 1074.55 | 93.23 | 8.61 | 172.73 | 196.23 | -72.73 | 0 | 0.08 | -45.97 | 16.29 | -10.74 |
| 2019 (6) | -1.46 | 0 | 15.10 | 117.89 | -8.50 | 0 | 10.90 | 6.21 | -14.59 | 0 | -14.74 | 0 | -8.61 | 0 | -4.30 | 0 | 0.33 | -2.94 | 1.10 | 0 | 85.84 | 11.68 | 58.31 | -12.12 | 41.69 | 23.9 | 0.14 | -23.72 | 18.25 | -10.01 |
| 2018 (5) | -2.67 | 0 | 6.93 | -43.89 | -18.19 | 0 | 10.26 | 15.1 | -27.42 | 0 | -24.47 | 0 | -14.36 | 0 | -7.93 | 0 | 0.34 | -10.53 | -13.72 | 0 | 76.86 | 9.38 | 66.35 | 5.6 | 33.65 | -9.47 | 0.18 | 65.85 | 20.28 | 6.74 |
| 2017 (4) | -1.52 | 0 | 12.35 | -39.13 | -8.03 | 0 | 8.92 | -6.79 | -12.77 | 0 | -12.50 | 0 | -7.39 | 0 | -4.45 | 0 | 0.38 | -2.56 | -1.65 | 0 | 70.27 | 58.95 | 62.83 | -3.66 | 37.17 | 6.85 | 0.11 | 0 | 19.00 | 3.2 |
| 2016 (3) | -0.02 | 0 | 20.29 | -18.22 | 0.57 | -93.44 | 9.57 | 45.65 | 0.87 | -90.68 | -0.17 | 0 | -0.09 | 0 | 0.01 | -99.78 | 0.39 | -33.9 | 12.32 | -31.82 | 44.21 | 47.66 | 65.22 | -30.0 | 34.78 | 409.42 | 0.00 | 0 | 18.41 | 27.32 |
| 2015 (2) | 1.21 | 27.37 | 24.81 | 16.48 | 8.69 | 26.12 | 6.57 | 13.91 | 9.33 | 25.07 | 7.30 | 31.53 | 5.51 | 23.27 | 4.50 | 25.35 | 0.59 | -1.67 | 18.07 | 15.17 | 29.94 | 16.54 | 93.17 | 0.94 | 6.83 | -11.24 | 0.00 | 0 | 14.46 | 14.22 |
| 2014 (1) | 0.95 | -38.71 | 21.30 | 0 | 6.89 | 0 | 5.77 | 5.97 | 7.46 | 0 | 5.55 | 0 | 4.47 | 0 | 3.59 | 0 | 0.60 | -7.69 | 15.69 | -7.71 | 25.69 | -38.33 | 92.31 | -4.65 | 7.69 | 140.83 | 0.00 | 0 | 12.66 | 20.57 |
