- 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) | -0.25 | -192.59 | -525.0 | -0.87 | -177.68 | -116.54 | -7.95 | -27.2 | -253.33 | -7.12 | -42.97 | -836.84 | -7.02 | -205.25 | -1200.0 | -1.74 | -53.98 | -1142.86 | -1.20 | -57.89 | 0 | 0.18 | 0.0 | 0.0 | 6.49 | -31.61 | -51.31 | 37.37 | -6.71 | -18.83 | 111.22 | -12.06 | -64.02 | -11.22 | 55.1 | 94.39 | 32.23 | -17.68 | -2.8 |
| 24Q2 (19) | 0.27 | 208.0 | 0 | 1.12 | -50.66 | -77.82 | -6.25 | -23.76 | -136.74 | -4.98 | -49.55 | -200.0 | 6.67 | 186.29 | 5963.64 | -1.13 | -36.14 | -3866.67 | -0.76 | -40.74 | -790.91 | 0.18 | 5.88 | 5.88 | 9.49 | -20.12 | -25.69 | 40.06 | 3.14 | -17.91 | 126.47 | -16.31 | -20.12 | -25.00 | 51.09 | 57.14 | 39.15 | 8.57 | 17.5 |
| 24Q1 (18) | -0.25 | -92.31 | 0.0 | 2.27 | -52.81 | 640.48 | -5.05 | -69.46 | 41.55 | -3.33 | 4.58 | 59.98 | -7.73 | -124.06 | 5.73 | -0.83 | 5.68 | 52.57 | -0.54 | -1.89 | 51.35 | 0.17 | -5.56 | 13.33 | 11.88 | 8.39 | 48.13 | 38.84 | -2.53 | -15.34 | 151.11 | 79.22 | 45.57 | -51.11 | -425.83 | -1241.67 | 36.06 | 5.5 | -1.93 |
| 23Q4 (17) | -0.13 | -225.0 | -533.33 | 4.81 | -8.56 | 507.63 | -2.98 | -32.44 | 69.4 | -3.49 | -359.21 | 49.27 | -3.45 | -538.89 | -1929.41 | -0.88 | -528.57 | -2100.0 | -0.53 | 0 | -1160.0 | 0.18 | 0.0 | 28.57 | 10.96 | -17.78 | 15.86 | 39.85 | -13.44 | -15.52 | 84.31 | -72.72 | -40.28 | 15.69 | 107.84 | 138.1 | 34.18 | 3.08 | -4.31 |
| 23Q3 (16) | -0.04 | 0 | 50.0 | 5.26 | 4.16 | 122.88 | -2.25 | 14.77 | 60.94 | -0.76 | 54.22 | 74.41 | -0.54 | -590.91 | 79.85 | -0.14 | -566.67 | 77.42 | 0.00 | -100.0 | 100.0 | 0.18 | 5.88 | 20.0 | 13.33 | 4.39 | 14.62 | 46.04 | -5.66 | -7.21 | 309.09 | 95.22 | 58.51 | -200.00 | -242.86 | -110.53 | 33.16 | -0.48 | -1.6 |
| 23Q2 (15) | 0.00 | 100.0 | -100.0 | 5.05 | 1302.38 | -61.77 | -2.64 | 69.44 | -154.21 | -1.66 | 80.05 | -126.56 | 0.11 | 101.34 | -98.12 | 0.03 | 101.71 | -98.11 | 0.11 | 109.91 | -89.81 | 0.17 | 13.33 | -5.56 | 12.77 | 59.23 | -27.65 | 48.80 | 6.36 | -14.39 | 158.33 | 52.52 | 103.85 | -58.33 | -1431.25 | -361.23 | 33.32 | -9.38 | 6.42 |
| 23Q1 (14) | -0.25 | -933.33 | -169.44 | -0.42 | 64.41 | -102.59 | -8.64 | 11.29 | -197.19 | -8.32 | -20.93 | -181.57 | -8.20 | -4723.53 | -201.49 | -1.75 | -4275.0 | -175.76 | -1.11 | -2320.0 | -171.61 | 0.15 | 7.14 | -21.05 | 8.02 | -15.22 | -61.07 | 45.88 | -2.73 | -6.29 | 103.81 | -26.47 | 19.02 | -3.81 | 90.75 | -129.81 | 36.77 | 2.94 | 21.51 |
| 22Q4 (13) | 0.03 | 137.5 | -96.05 | -1.18 | -150.0 | -106.05 | -9.74 | -69.1 | -180.1 | -6.88 | -131.65 | -153.09 | -0.17 | 93.66 | -101.12 | -0.04 | 93.55 | -100.79 | 0.05 | 114.29 | -98.47 | 0.14 | -6.67 | -33.33 | 9.46 | -18.66 | -58.18 | 47.17 | -4.94 | -13.56 | 141.18 | -27.6 | 50.63 | -41.18 | 56.66 | -756.25 | 35.72 | 5.99 | 27.57 |
| 22Q3 (12) | -0.08 | -132.0 | -110.13 | 2.36 | -82.13 | -88.77 | -5.76 | -218.28 | -143.64 | -2.97 | -147.52 | -116.33 | -2.68 | -145.73 | -117.48 | -0.62 | -138.99 | -110.99 | -0.35 | -132.41 | -109.75 | 0.15 | -16.67 | -34.78 | 11.63 | -34.11 | -58.01 | 49.62 | -12.95 | -15.51 | 195.00 | 151.06 | 168.84 | -95.00 | -525.43 | -445.87 | 33.70 | 7.63 | 20.31 |
| 22Q2 (11) | 0.25 | -30.56 | -50.98 | 13.21 | -18.41 | -35.4 | 4.87 | -45.22 | -60.6 | 6.25 | -38.73 | -51.63 | 5.86 | -27.48 | -42.27 | 1.59 | -31.17 | -58.05 | 1.08 | -30.32 | -56.45 | 0.18 | -5.26 | -25.0 | 17.65 | -14.32 | -22.14 | 57.00 | 16.42 | -3.54 | 77.67 | -10.95 | -18.54 | 22.33 | 74.76 | 423.74 | 31.31 | 3.47 | 10.21 |
| 22Q1 (10) | 0.36 | -52.63 | 24.14 | 16.19 | -17.06 | 10.66 | 8.89 | -26.89 | 15.6 | 10.20 | -21.3 | 17.65 | 8.08 | -46.91 | 21.32 | 2.31 | -54.26 | 5.0 | 1.55 | -52.45 | 3.33 | 0.19 | -9.52 | -13.64 | 20.60 | -8.93 | 1.88 | 48.96 | -10.28 | -3.92 | 87.22 | -6.94 | -2.21 | 12.78 | 103.65 | 11.24 | 30.26 | 8.07 | 6.66 |
| 21Q4 (9) | 0.76 | -3.8 | 642.86 | 19.52 | -7.09 | 209.35 | 12.16 | -7.88 | 1035.38 | 12.96 | -28.75 | 614.29 | 15.22 | -0.72 | 543.73 | 5.05 | -10.46 | 600.0 | 3.26 | -9.19 | 617.46 | 0.21 | -8.7 | 5.0 | 22.62 | -18.34 | 111.4 | 54.57 | -7.08 | 11.53 | 93.73 | 29.22 | 78.08 | 6.27 | -77.16 | -87.45 | 28.00 | -0.04 | -4.04 |
| 21Q3 (8) | 0.79 | 54.9 | 8000.0 | 21.01 | 2.74 | 177.54 | 13.20 | 6.8 | 1550.55 | 18.19 | 40.79 | 4686.84 | 15.33 | 51.03 | 10120.0 | 5.64 | 48.81 | 14000.0 | 3.59 | 44.76 | 5028.57 | 0.23 | -4.17 | 27.78 | 27.70 | 22.19 | 77.56 | 58.73 | -0.61 | 18.05 | 72.53 | -23.93 | 130.22 | 27.47 | 544.22 | -92.37 | 28.01 | -1.41 | -8.49 |
| 21Q2 (7) | 0.51 | 75.86 | 464.29 | 20.45 | 39.78 | 385.75 | 12.36 | 60.73 | 355.37 | 12.92 | 49.02 | 400.47 | 10.15 | 52.4 | 338.26 | 3.79 | 72.27 | 460.95 | 2.48 | 65.33 | 481.54 | 0.24 | 9.09 | 50.0 | 22.67 | 12.12 | 82.53 | 59.09 | 15.95 | 19.62 | 95.35 | 6.91 | -15.42 | 4.26 | -62.88 | 133.5 | 28.41 | 0.14 | -12.48 |
| 21Q1 (6) | 0.29 | 307.14 | 293.33 | 14.63 | 131.85 | 313.28 | 7.69 | 691.54 | 242.94 | 8.67 | 444.05 | 292.67 | 6.66 | 294.17 | 247.02 | 2.20 | 317.82 | 300.0 | 1.50 | 338.1 | 327.27 | 0.22 | 10.0 | 37.5 | 20.22 | 88.97 | 60.99 | 50.96 | 4.15 | -1.3 | 89.19 | 69.46 | -25.03 | 11.49 | -77.03 | 160.57 | 28.37 | -2.78 | -13.45 |
| 20Q4 (5) | -0.14 | -1300.0 | 51.72 | 6.31 | -16.64 | 1334.09 | -1.30 | -42.86 | 86.13 | -2.52 | -763.16 | 73.16 | -3.43 | -2386.67 | 61.93 | -1.01 | -2625.0 | 52.13 | -0.63 | -1000.0 | 52.99 | 0.20 | 11.11 | 33.33 | 10.70 | -31.41 | 24.56 | 48.93 | -1.65 | -11.52 | 52.63 | 121.93 | -47.37 | 50.00 | -86.11 | 0 | 29.18 | -4.67 | -13.1 |
| 20Q3 (4) | -0.01 | 92.86 | 0.0 | 7.57 | 79.81 | 0.0 | -0.91 | 81.2 | 0.0 | 0.38 | 108.84 | 0.0 | 0.15 | 103.52 | 0.0 | 0.04 | 103.81 | 0.0 | 0.07 | 110.77 | 0.0 | 0.18 | 12.5 | 0.0 | 15.60 | 25.6 | 0.0 | 49.75 | 0.71 | 0.0 | -240.00 | -312.9 | 0.0 | 360.00 | 2928.57 | 0.0 | 30.61 | -5.7 | 0.0 |
| 20Q2 (3) | -0.14 | 6.67 | 0.0 | 4.21 | 18.93 | 0.0 | -4.84 | 10.04 | 0.0 | -4.30 | 4.44 | 0.0 | -4.26 | 5.96 | 0.0 | -1.05 | 4.55 | 0.0 | -0.65 | 1.52 | 0.0 | 0.16 | 0.0 | 0.0 | 12.42 | -1.11 | 0.0 | 49.40 | -4.32 | 0.0 | 112.73 | -5.24 | 0.0 | -12.73 | 32.89 | 0.0 | 32.46 | -0.98 | 0.0 |
| 20Q1 (2) | -0.15 | 48.28 | 0.0 | 3.54 | 704.55 | 0.0 | -5.38 | 42.58 | 0.0 | -4.50 | 52.08 | 0.0 | -4.53 | 49.72 | 0.0 | -1.10 | 47.87 | 0.0 | -0.66 | 50.75 | 0.0 | 0.16 | 6.67 | 0.0 | 12.56 | 46.22 | 0.0 | 51.63 | -6.64 | 0.0 | 118.97 | 18.97 | 0.0 | -18.97 | 0 | 0.0 | 32.78 | -2.38 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | 0.44 | 0.0 | 0.0 | -9.37 | 0.0 | 0.0 | -9.39 | 0.0 | 0.0 | -9.01 | 0.0 | 0.0 | -2.11 | 0.0 | 0.0 | -1.34 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 8.59 | 0.0 | 0.0 | 55.30 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 33.58 | 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) | -0.42 | 0 | 3.83 | -55.82 | -3.96 | 0 | 14.10 | 12.92 | -3.38 | 0 | -2.83 | 0 | -2.75 | 0 | -1.55 | 0 | 0.68 | 3.03 | 11.40 | -26.36 | 39.85 | -15.52 | 117.28 | 384.54 | -17.28 | 0 | 0.00 | 0 | 34.27 | 5.61 |
| 2022 (9) | 0.56 | -76.17 | 8.67 | -54.54 | 0.64 | -94.43 | 12.49 | 26.71 | 2.62 | -80.43 | 3.34 | -72.28 | 3.33 | -79.93 | 2.41 | -78.21 | 0.66 | -27.47 | 15.48 | -34.02 | 47.17 | -13.56 | 24.20 | -71.79 | 75.80 | 437.84 | 0.00 | 0 | 32.45 | 15.11 |
| 2021 (8) | 2.35 | 0 | 19.07 | 247.99 | 11.50 | 0 | 9.85 | -34.81 | 13.39 | 0 | 12.05 | 0 | 16.59 | 0 | 11.06 | 0 | 0.91 | 31.88 | 23.46 | 83.71 | 54.57 | 11.53 | 85.81 | -23.61 | 14.09 | 0 | 0.00 | 0 | 28.19 | -9.53 |
| 2020 (7) | -0.44 | 0 | 5.48 | 0 | -3.00 | 0 | 15.12 | -20.92 | -2.68 | 0 | -2.99 | 0 | -3.12 | 0 | -1.87 | 0 | 0.69 | 18.97 | 12.77 | 61.65 | 48.93 | -11.52 | 112.33 | 6.32 | -11.64 | 0 | 0.00 | 0 | 31.16 | -11.6 |
| 2019 (6) | -1.47 | 0 | -1.35 | 0 | -12.28 | 0 | 19.11 | 4.39 | -11.63 | 0 | -11.70 | 0 | -9.81 | 0 | -6.54 | 0 | 0.58 | -3.33 | 7.90 | -44.64 | 55.30 | 48.66 | 105.65 | -10.87 | -5.65 | 0 | 0.00 | 0 | 35.25 | 5.48 |
| 2018 (5) | -0.55 | 0 | 4.57 | -58.38 | -5.25 | 0 | 18.31 | 13.76 | -4.43 | 0 | -3.73 | 0 | -3.20 | 0 | -2.06 | 0 | 0.60 | -6.25 | 14.27 | -27.6 | 37.20 | -23.99 | 118.53 | 85.21 | -18.53 | 0 | 0.00 | 0 | 33.42 | 10.04 |
| 2017 (4) | 0.35 | -43.55 | 10.98 | -6.79 | 2.11 | -3.65 | 16.09 | -10.32 | 3.29 | -10.84 | 2.32 | -43.55 | 2.24 | -39.13 | 1.65 | -36.05 | 0.64 | 10.34 | 19.71 | -10.49 | 48.94 | -7.5 | 64.00 | 7.71 | 36.00 | -11.29 | 0.00 | 0 | 30.37 | 1.2 |
| 2016 (3) | 0.62 | 0 | 11.78 | 41.42 | 2.19 | 0 | 17.95 | -8.6 | 3.69 | 0 | 4.11 | 0 | 3.68 | 0 | 2.58 | 0 | 0.58 | 1.75 | 22.02 | 12.12 | 52.91 | -4.1 | 59.42 | -75.24 | 40.58 | 0 | 0.00 | 0 | 30.01 | -2.09 |
| 2015 (2) | -0.21 | 0 | 8.33 | -33.2 | -1.08 | 0 | 19.64 | 15.64 | -0.45 | 0 | -1.56 | 0 | -1.34 | 0 | -0.68 | 0 | 0.57 | -10.94 | 19.64 | -8.05 | 55.17 | 13.92 | 240.00 | 174.29 | -140.00 | 0 | 0.00 | 0 | 30.65 | 5.84 |
| 2014 (1) | 0.50 | -48.45 | 12.47 | 0 | 3.66 | 0 | 16.98 | 2.39 | 4.18 | 0 | 3.15 | 0 | 2.85 | 0 | 2.13 | 0 | 0.64 | -9.86 | 21.36 | -10.55 | 48.43 | 46.23 | 87.50 | -0.3 | 12.50 | 2.16 | 0.00 | 0 | 28.96 | 4.44 |
