- 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) | -0.37 | -1025.0 | -180.43 | 1.77 | -73.06 | -88.68 | -8.20 | -603.07 | -194.69 | -7.20 | -705.04 | -196.0 | -6.58 | -1530.43 | -200.15 | -3.51 | -935.71 | -181.06 | -0.58 | -332.0 | -154.72 | 0.11 | -42.11 | -15.38 | 1.04 | -82.92 | -93.13 | 374.58 | 5.18 | -2.86 | 114.29 | -16.88 | 0.68 | -14.29 | 61.9 | 11.9 | 31.12 | 152.19 | 34.72 |
| 24Q2 (19) | 0.04 | -71.43 | 103.7 | 6.57 | -71.26 | 141.32 | 1.63 | -84.96 | 105.77 | 1.19 | -89.59 | 103.29 | 0.46 | -91.48 | 101.37 | 0.42 | -69.34 | 104.24 | 0.25 | -45.65 | 114.29 | 0.19 | 280.0 | 216.67 | 6.09 | -80.04 | 132.83 | 356.12 | -10.42 | -17.99 | 137.50 | 44.74 | 77.42 | -37.50 | -850.0 | -276.47 | 12.34 | -75.73 | -71.68 |
| 24Q1 (18) | 0.14 | 114.14 | 118.92 | 22.86 | 526.49 | 779.23 | 10.84 | 205.45 | 220.71 | 11.43 | 216.51 | 300.18 | 5.40 | 158.0 | 138.82 | 1.37 | 115.39 | 123.46 | 0.46 | 127.38 | 154.76 | 0.05 | -75.0 | -37.5 | 30.51 | 742.32 | 258.1 | 397.55 | 6.75 | 9.27 | 95.00 | -9.01 | -40.63 | 5.00 | 213.33 | 108.33 | 50.84 | 221.98 | 55.57 |
| 23Q4 (17) | -0.99 | -315.22 | 16.81 | -5.36 | -134.29 | -328.8 | -10.28 | -218.71 | 1.63 | -9.81 | -230.8 | 30.57 | -9.31 | -241.7 | 31.54 | -8.90 | -305.54 | 10.91 | -1.68 | -258.49 | -50.0 | 0.20 | 53.85 | 81.82 | -4.75 | -131.39 | -162.43 | 372.41 | -3.42 | -36.47 | 104.41 | -8.02 | 43.57 | -4.41 | 72.79 | -117.33 | 15.79 | -31.65 | -32.0 |
| 23Q3 (16) | 0.46 | 142.59 | 360.0 | 15.63 | 198.3 | 28.33 | 8.66 | 130.64 | 160.84 | 7.50 | 120.75 | 252.11 | 6.57 | 119.51 | 550.5 | 4.33 | 143.74 | 469.74 | 1.06 | 160.57 | 140.91 | 0.13 | 116.67 | 18.18 | 15.13 | 181.56 | 22.81 | 385.59 | -11.21 | -22.61 | 113.51 | 46.47 | -27.03 | -16.22 | -176.31 | 70.81 | 23.10 | -46.99 | 62.11 |
| 23Q2 (15) | -1.08 | -45.95 | -400.0 | -15.90 | -711.54 | -418.64 | -28.26 | -214.7 | -1057.97 | -36.15 | -533.1 | -1074.39 | -33.67 | -142.06 | -1375.38 | -9.90 | -69.52 | -427.81 | -1.75 | -108.33 | -350.0 | 0.06 | -25.0 | -60.0 | -18.55 | -317.72 | -268.64 | 434.26 | 19.36 | -30.77 | 77.50 | -51.56 | -0.97 | 21.25 | 135.42 | -2.25 | 43.58 | 33.35 | 203.27 |
| 23Q1 (14) | -0.74 | 37.82 | -1025.0 | 2.60 | 308.0 | -87.67 | -8.98 | 14.07 | -210.59 | -5.71 | 59.59 | -361.93 | -13.91 | -2.28 | -1212.8 | -5.84 | 41.54 | -922.54 | -0.84 | 25.0 | -310.0 | 0.08 | -27.27 | 14.29 | 8.52 | 570.72 | -52.64 | 363.81 | -37.94 | -50.31 | 160.00 | 120.0 | -58.26 | -60.00 | -335.71 | 78.82 | 32.68 | 40.74 | 5.05 |
| 22Q4 (13) | -1.19 | -1290.0 | -29.35 | -1.25 | -110.26 | 85.91 | -10.45 | -414.76 | -127.67 | -14.13 | -763.38 | -87.9 | -13.60 | -1446.53 | -73.47 | -9.99 | -1414.47 | -26.78 | -1.12 | -354.55 | -80.65 | 0.11 | 0.0 | -15.38 | -1.81 | -114.69 | -192.82 | 586.20 | 17.66 | -20.01 | 72.73 | -53.25 | 18.18 | 25.45 | 145.82 | -33.82 | 23.22 | 62.95 | 25.72 |
| 22Q3 (12) | 0.10 | -72.22 | 100.0 | 12.18 | 144.09 | 6.84 | 3.32 | 12.54 | 27.69 | 2.13 | -42.59 | 632.5 | 1.01 | -61.74 | 124.44 | 0.76 | -74.83 | 72.73 | 0.44 | -37.14 | -6.38 | 0.11 | -26.67 | -15.38 | 12.32 | 12.0 | 34.94 | 498.22 | -20.57 | -21.94 | 155.56 | 98.77 | 123.93 | -55.56 | -355.56 | -107.41 | 14.25 | -0.84 | -21.57 |
| 22Q2 (11) | 0.36 | 350.0 | 148.65 | 4.99 | -76.33 | -38.85 | 2.95 | -63.67 | 169.25 | 3.71 | 70.18 | 134.45 | 2.64 | 111.2 | 122.76 | 3.02 | 325.35 | 150.93 | 0.70 | 75.0 | 279.49 | 0.15 | 114.29 | 114.29 | 11.00 | -38.85 | 47.26 | 627.27 | -14.33 | -0.9 | 78.26 | -79.58 | 95.65 | 21.74 | 107.67 | -63.77 | 14.37 | -53.81 | -53.91 |
| 22Q1 (10) | 0.08 | 108.7 | 140.0 | 21.08 | 337.66 | -0.66 | 8.12 | 276.91 | 31.82 | 2.18 | 128.99 | 146.09 | 1.25 | 115.94 | 126.48 | 0.71 | 109.01 | 143.83 | 0.40 | 164.52 | 135.29 | 0.07 | -46.15 | 40.0 | 17.99 | 822.56 | -11.42 | 732.19 | -0.09 | 22.55 | 383.33 | 522.92 | 387.5 | -283.33 | -836.67 | -221.43 | 31.11 | 68.44 | -28.4 |
| 21Q4 (9) | -0.92 | -1940.0 | 80.22 | -8.87 | -177.81 | 87.95 | -4.59 | -276.54 | 96.07 | -7.52 | -1780.0 | 93.16 | -7.84 | -1842.22 | 91.62 | -7.88 | -1890.91 | 75.78 | -0.62 | -231.91 | 88.83 | 0.13 | 0.0 | 116.67 | 1.95 | -78.64 | 101.99 | 732.83 | 14.81 | 20.52 | 61.54 | 109.47 | -42.16 | 38.46 | -94.87 | 700.96 | 18.47 | 1.65 | -59.82 |
| 21Q3 (8) | 0.05 | 106.76 | 106.85 | 11.40 | 39.71 | 109.17 | 2.60 | 161.03 | 106.36 | -0.40 | 96.29 | 98.77 | 0.45 | 103.88 | 101.48 | 0.44 | 107.42 | 110.5 | 0.47 | 220.51 | 162.67 | 0.13 | 85.71 | 333.33 | 9.13 | 22.22 | 219.82 | 638.29 | 0.84 | 81.1 | -650.00 | -1725.0 | -613.95 | 750.00 | 1150.0 | 2933.33 | 18.17 | -41.73 | 0 |
| 21Q2 (7) | -0.74 | -270.0 | -60.87 | 8.16 | -61.55 | 1331.58 | -4.26 | -169.16 | 51.81 | -10.77 | -127.7 | -154.01 | -11.60 | -145.76 | -124.81 | -5.93 | -266.05 | -131.64 | -0.39 | -329.41 | 2.5 | 0.07 | 40.0 | -41.67 | 7.47 | -63.22 | 190.66 | 632.98 | 5.95 | 100.2 | 40.00 | 130.0 | -81.18 | 60.00 | -74.29 | 153.33 | 31.18 | -28.24 | 58.19 |
| 21Q1 (6) | -0.20 | 95.7 | 57.45 | 21.22 | 128.84 | -42.35 | 6.16 | 105.27 | 113.41 | -4.73 | 95.7 | 91.04 | -4.72 | 94.95 | 91.5 | -1.62 | 95.02 | 35.46 | 0.17 | 103.06 | 140.48 | 0.05 | -16.67 | 400.0 | 20.31 | 120.77 | 7.35 | 597.45 | -1.74 | 92.19 | -133.33 | -225.31 | -249.02 | 233.33 | 3745.83 | 1377.78 | 43.45 | -5.48 | 0 |
| 20Q4 (5) | -4.65 | -536.99 | -247.01 | -73.59 | -1450.28 | -837.37 | -116.87 | -186.1 | -993.26 | -109.96 | -237.92 | -841.44 | -93.54 | -208.61 | -808.16 | -32.54 | -676.61 | -387.86 | -5.55 | -640.0 | -270.0 | 0.06 | 100.0 | -64.71 | -97.80 | -1183.46 | -1344.61 | 608.06 | 72.52 | 102.42 | 106.40 | -15.87 | 17.04 | -6.40 | 75.82 | -170.4 | 45.97 | 0 | 0 |
| 20Q3 (4) | -0.73 | -58.7 | 0.0 | 5.45 | 856.14 | 0.0 | -40.85 | -362.1 | 0.0 | -32.54 | -667.45 | 0.0 | -30.31 | -487.4 | 0.0 | -4.19 | -63.67 | 0.0 | -0.75 | -87.5 | 0.0 | 0.03 | -75.0 | 0.0 | -7.62 | -396.5 | 0.0 | 352.46 | 11.48 | 0.0 | 126.47 | -40.48 | 0.0 | -26.47 | 76.47 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q2 (3) | -0.46 | 2.13 | 0.0 | 0.57 | -98.45 | 0.0 | -8.84 | 80.75 | 0.0 | -4.24 | 91.97 | 0.0 | -5.16 | 90.7 | 0.0 | -2.56 | -1.99 | 0.0 | -0.40 | 4.76 | 0.0 | 0.12 | 1100.0 | 0.0 | 2.57 | -86.42 | 0.0 | 316.17 | 1.7 | 0.0 | 212.50 | 137.5 | 0.0 | -112.50 | -812.5 | 0.0 | 19.71 | 0 | 0.0 |
| 20Q1 (2) | -0.47 | 64.93 | 0.0 | 36.81 | 268.84 | 0.0 | -45.92 | -329.56 | 0.0 | -52.79 | -351.97 | 0.0 | -55.50 | -438.83 | 0.0 | -2.51 | 62.37 | 0.0 | -0.42 | 72.0 | 0.0 | 0.01 | -94.12 | 0.0 | 18.92 | 379.47 | 0.0 | 310.87 | 3.49 | 0.0 | 89.47 | -1.58 | 0.0 | 15.79 | 73.68 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.34 | 0.0 | 0.0 | 9.98 | 0.0 | 0.0 | -10.69 | 0.0 | 0.0 | -11.68 | 0.0 | 0.0 | -10.30 | 0.0 | 0.0 | -6.67 | 0.0 | 0.0 | -1.50 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -6.77 | 0.0 | 0.0 | 300.39 | 0.0 | 0.0 | 90.91 | 0.0 | 0.0 | 9.09 | 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) | -2.21 | 0 | 0.67 | -91.69 | -6.90 | 0 | 6.27 | 0.42 | -7.56 | 0 | -8.62 | 0 | -24.68 | 0 | -3.45 | 0 | 0.51 | 10.87 | 1.37 | -85.82 | 372.41 | -36.47 | 91.34 | 0 | 8.66 | -95.4 | 0.22 | 22.6 | 24.31 | 26.61 |
| 2022 (9) | -0.65 | 0 | 8.06 | 57.42 | 0.87 | 0 | 6.24 | -14.09 | -0.99 | 0 | -1.69 | 0 | -5.83 | 0 | 0.66 | 0 | 0.46 | 21.05 | 9.66 | 23.85 | 586.20 | -20.01 | -88.24 | 0 | 188.24 | 115.13 | 0.18 | 4.06 | 19.20 | -19.8 |
| 2021 (8) | -1.81 | 0 | 5.12 | 0 | -0.69 | 0 | 7.27 | -3.37 | -5.33 | 0 | -5.30 | 0 | -15.25 | 0 | -0.38 | 0 | 0.38 | 80.95 | 7.80 | 0 | 732.83 | 20.52 | 12.50 | -88.89 | 87.50 | 0 | 0.17 | -4.6 | 23.94 | -48.1 |
| 2020 (7) | -6.23 | 0 | -19.23 | 0 | -47.48 | 0 | 7.52 | 107.62 | -42.23 | 0 | -37.60 | 0 | -41.40 | 0 | -7.06 | 0 | 0.21 | -57.14 | -28.10 | 0 | 608.06 | 102.42 | 112.50 | 41.14 | -12.50 | 0 | 0.18 | -46.1 | 46.13 | 150.57 |
| 2019 (6) | -3.03 | 0 | 7.77 | -36.62 | -6.21 | 0 | 3.62 | -0.47 | -7.78 | 0 | -7.42 | 0 | -14.64 | 0 | -2.73 | 0 | 0.49 | -5.77 | -1.13 | 0 | 300.39 | -3.17 | 79.71 | 0 | 20.29 | -88.86 | 0.33 | -17.65 | 18.41 | 4.78 |
| 2018 (5) | -0.82 | 0 | 12.26 | -8.92 | 1.10 | -73.93 | 3.64 | 0.77 | -1.38 | 0 | -1.66 | 0 | -3.45 | 0 | 0.10 | -94.41 | 0.52 | -7.14 | 5.09 | -40.26 | 310.21 | 5.02 | -82.14 | 0 | 182.14 | 0 | 0.40 | -15.05 | 17.57 | -8.92 |
| 2017 (4) | 1.14 | -70.0 | 13.46 | -24.21 | 4.22 | -43.96 | 3.61 | -18.0 | 3.18 | -51.08 | 2.01 | -65.22 | 4.63 | -74.12 | 1.79 | -53.87 | 0.56 | 5.66 | 8.52 | -34.56 | 295.39 | -11.59 | 131.88 | 14.24 | -31.88 | 0 | 0.48 | 0 | 19.29 | -7.39 |
| 2016 (3) | 3.80 | 3.83 | 17.76 | -4.21 | 7.53 | -13.15 | 4.40 | -1.63 | 6.50 | -7.67 | 5.78 | 1.05 | 17.89 | -30.71 | 3.88 | 11.82 | 0.53 | 8.16 | 13.02 | -3.05 | 334.13 | -55.42 | 115.44 | -6.68 | -16.18 | 0 | 0.00 | 0 | 20.83 | -5.19 |
| 2015 (2) | 3.66 | 155.94 | 18.54 | 7.42 | 8.67 | 42.13 | 4.48 | -23.43 | 7.04 | 109.52 | 5.72 | 97.92 | 25.82 | 0 | 3.47 | 0 | 0.49 | 0 | 13.43 | 6.84 | 749.45 | -16.8 | 123.70 | -32.03 | -22.96 | 0 | 0.00 | 0 | 21.97 | -6.91 |
| 2014 (1) | 1.43 | 0 | 17.26 | 0 | 6.10 | 0 | 5.85 | 0 | 3.36 | 0 | 2.89 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 12.57 | 0 | 900.80 | 0 | 182.00 | 0 | -82.00 | 0 | 0.00 | 0 | 23.60 | 0 |
