- 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) | -0.15 | -7.14 | -7.14 | -3.67 | -119.76 | -286.29 | -26.95 | 15.68 | -68.97 | -14.81 | 18.76 | -54.92 | -14.95 | 17.45 | -56.05 | -1.24 | -5.98 | -7.83 | -1.07 | -5.94 | -12.63 | 0.07 | 16.67 | -30.0 | -4.46 | 3.04 | -87.39 | 14.62 | 5.26 | -6.58 | 176.47 | 0.84 | 4.58 | -82.35 | -9.8 | -19.79 | 31.21 | -25.26 | 25.29 |
| 24Q2 (19) | -0.14 | 26.32 | 6.67 | -1.67 | 52.01 | 55.11 | -31.96 | -8.93 | -23.49 | -18.23 | 11.93 | -123.41 | -18.11 | 12.51 | -49.05 | -1.17 | 24.52 | -0.86 | -1.01 | 24.06 | -9.78 | 0.06 | -14.29 | -25.0 | -4.60 | 48.37 | -721.62 | 13.89 | 0.07 | -36.4 | 175.00 | 22.5 | -45.0 | -75.00 | -75.0 | 65.62 | 41.76 | 13.94 | 41.22 |
| 24Q1 (18) | -0.19 | 50.0 | -11.76 | -3.48 | 79.0 | -866.67 | -29.34 | 21.78 | -45.18 | -20.70 | 23.42 | -60.84 | -20.70 | 37.1 | -70.51 | -1.55 | 50.0 | -16.54 | -1.33 | 49.81 | -30.39 | 0.07 | -12.5 | -22.22 | -8.91 | 47.74 | -74.71 | 13.88 | -12.59 | -43.81 | 142.86 | 4.17 | -10.71 | -42.86 | -7.14 | 28.57 | 36.65 | 28.06 | 20.8 |
| 23Q4 (17) | -0.38 | -171.43 | -371.43 | -16.57 | -941.12 | -594.63 | -37.51 | -135.17 | -109.67 | -27.03 | -182.74 | -179.71 | -32.91 | -243.53 | -494.13 | -3.10 | -169.57 | -395.24 | -2.65 | -178.95 | -419.28 | 0.08 | -20.0 | -11.11 | -17.05 | -616.39 | -140.6 | 15.88 | 1.47 | -47.22 | 137.14 | -18.73 | 361.43 | -40.00 | 41.82 | -125.96 | 28.62 | 14.89 | -2.72 |
| 23Q3 (16) | -0.14 | 6.67 | -1500.0 | 1.97 | 152.96 | -59.63 | -15.95 | 38.37 | -124.02 | -9.56 | -17.16 | -292.35 | -9.58 | 21.15 | -2182.61 | -1.15 | 0.86 | -1250.0 | -0.95 | -3.26 | -891.67 | 0.10 | 25.0 | -33.33 | -2.38 | -421.62 | -123.73 | 15.65 | -28.34 | -59.72 | 168.75 | -46.96 | 220.54 | -68.75 | 68.49 | -128.65 | 24.91 | -15.76 | 33.07 |
| 23Q2 (15) | -0.15 | 11.76 | -350.0 | -3.72 | -933.33 | -155.19 | -25.88 | -28.06 | -246.45 | -8.16 | 36.6 | -344.31 | -12.15 | -0.08 | -593.9 | -1.16 | 12.78 | -352.17 | -0.92 | 9.8 | -355.56 | 0.08 | -11.11 | -38.46 | 0.74 | 114.51 | -89.44 | 21.84 | -11.58 | -44.2 | 318.18 | 98.86 | 243.18 | -218.18 | -263.64 | -167.71 | 29.57 | -2.54 | 59.06 |
| 23Q1 (14) | -0.17 | -221.43 | -54.55 | -0.36 | -110.75 | -105.79 | -20.21 | -12.97 | -95.27 | -12.87 | -137.95 | -151.86 | -12.14 | -245.39 | -137.57 | -1.33 | -226.67 | -54.65 | -1.02 | -222.89 | -72.88 | 0.09 | 0.0 | -25.0 | -5.10 | -112.15 | -325.0 | 24.70 | -17.91 | -36.24 | 160.00 | 405.0 | -20.0 | -60.00 | -138.94 | 40.0 | 30.34 | 3.13 | 41.71 |
| 22Q4 (13) | 0.14 | 1300.0 | 177.78 | 3.35 | -31.35 | 415.38 | -17.89 | -151.26 | -70.87 | 33.91 | 582.29 | 383.29 | 8.35 | 1715.22 | 260.27 | 1.05 | 950.0 | 178.95 | 0.83 | 591.67 | 191.21 | 0.09 | -40.0 | -50.0 | 41.99 | 318.64 | 552.48 | 30.09 | -22.55 | -25.89 | -52.46 | 62.53 | -160.53 | 154.10 | -35.79 | 1055.74 | 29.42 | 57.16 | 61.56 |
| 22Q3 (12) | 0.01 | -83.33 | 105.26 | 4.88 | -27.6 | 21.7 | -7.12 | 4.69 | 16.73 | 4.97 | 48.8 | 196.5 | 0.46 | -81.3 | 107.21 | 0.10 | -78.26 | 107.35 | 0.12 | -66.67 | 113.19 | 0.15 | 15.38 | 0.0 | 10.03 | 43.08 | 639.25 | 38.85 | -0.74 | -9.23 | -140.00 | 37.0 | -185.0 | 240.00 | -25.52 | 470.91 | 18.72 | 0.7 | 0.86 |
| 22Q2 (11) | 0.06 | 154.55 | 126.09 | 6.74 | 8.36 | -6.26 | -7.47 | 27.83 | -38.33 | 3.34 | 165.36 | 149.55 | 2.46 | 148.14 | 137.9 | 0.46 | 153.49 | 128.57 | 0.36 | 161.02 | 134.95 | 0.13 | 8.33 | -18.75 | 7.01 | 684.17 | 279.74 | 39.14 | 1.03 | -16.94 | -222.22 | -211.11 | -375.13 | 322.22 | 422.22 | 1575.56 | 18.59 | -13.17 | 21.03 |
| 22Q1 (10) | -0.11 | 38.89 | -106.79 | 6.22 | 856.92 | -35.07 | -10.35 | 1.15 | -186.7 | -5.11 | 57.31 | -110.05 | -5.11 | 1.92 | -113.7 | -0.86 | 35.34 | -107.03 | -0.59 | 35.16 | -107.81 | 0.12 | -33.33 | -40.0 | -1.20 | 87.07 | -102.27 | 38.74 | -4.58 | -33.89 | 200.00 | 130.77 | 2982.35 | -100.00 | -850.0 | -193.16 | 21.41 | 17.57 | 32.9 |
| 21Q4 (9) | -0.18 | 5.26 | -1000.0 | 0.65 | -83.79 | -94.72 | -10.47 | -22.46 | -3590.0 | -11.97 | -132.43 | -8080.0 | -5.21 | 18.34 | -1257.78 | -1.33 | 2.21 | -800.0 | -0.91 | 0.0 | -858.33 | 0.18 | 20.0 | -28.0 | -9.28 | -398.92 | -580.83 | 40.60 | -5.14 | -39.29 | 86.67 | -47.38 | -56.67 | 13.33 | 120.61 | 113.33 | 18.21 | -1.89 | 33.02 |
| 21Q3 (8) | -0.19 | 17.39 | -157.58 | 4.01 | -44.23 | -72.59 | -8.55 | -58.33 | -278.87 | -5.15 | 23.59 | -200.78 | -6.38 | 1.69 | -217.28 | -1.36 | 15.53 | -149.28 | -0.91 | 11.65 | -151.41 | 0.15 | -6.25 | -54.55 | -1.86 | 52.31 | -127.97 | 42.80 | -9.17 | -32.99 | 164.71 | 103.92 | 80.15 | -64.71 | -436.47 | -1232.35 | 18.56 | 20.83 | 50.53 |
| 21Q2 (7) | -0.23 | -114.2 | -187.5 | 7.19 | -24.95 | -35.98 | -5.40 | -49.58 | -124.07 | -6.74 | -113.26 | -355.41 | -6.49 | -117.4 | -204.69 | -1.61 | -113.16 | -130.0 | -1.03 | -113.64 | -128.89 | 0.16 | -20.0 | -23.81 | -3.90 | -107.37 | -519.35 | 47.12 | -19.59 | 0.0 | 80.77 | 1264.03 | -51.54 | 19.23 | -82.09 | 128.85 | 15.36 | -4.66 | 0 |
| 21Q1 (6) | 1.62 | 8000.0 | 980.0 | 9.58 | -22.11 | -18.74 | -3.61 | -1303.33 | -308.67 | 50.83 | 33786.67 | 1702.48 | 37.29 | 8186.67 | 1291.42 | 12.23 | 6336.84 | 870.63 | 7.55 | 6191.67 | 880.52 | 0.20 | -20.0 | -31.03 | 52.90 | 2640.93 | 1070.35 | 58.60 | -12.38 | -5.47 | -6.94 | -103.47 | -110.72 | 107.35 | 207.35 | 160.7 | 16.11 | 17.68 | 0 |
| 20Q4 (5) | 0.02 | -93.94 | -71.43 | 12.30 | -15.93 | 18.73 | 0.30 | -93.72 | 203.45 | 0.15 | -97.06 | -89.05 | 0.45 | -91.73 | -60.18 | 0.19 | -93.12 | -68.85 | 0.12 | -93.22 | -65.71 | 0.25 | -24.24 | -19.35 | 1.93 | -70.98 | -35.02 | 66.88 | 4.71 | -1.46 | 200.00 | 118.75 | 1100.0 | -100.00 | -1850.0 | -183.33 | 13.69 | 11.03 | 11.57 |
| 20Q3 (4) | 0.33 | 512.5 | 0.0 | 14.63 | 30.28 | 0.0 | 4.78 | 298.34 | 0.0 | 5.11 | 445.27 | 0.0 | 5.44 | 355.4 | 0.0 | 2.76 | 494.29 | 0.0 | 1.77 | 493.33 | 0.0 | 0.33 | 57.14 | 0.0 | 6.65 | 615.05 | 0.0 | 63.87 | 35.55 | 0.0 | 91.43 | -45.14 | 0.0 | 5.71 | 108.57 | 0.0 | 12.33 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -153.33 | 0.0 | 11.23 | -4.75 | 0.0 | -2.41 | -239.31 | 0.0 | -1.48 | -152.48 | 0.0 | -2.13 | -179.48 | 0.0 | -0.70 | -155.56 | 0.0 | -0.45 | -158.44 | 0.0 | 0.21 | -27.59 | 0.0 | 0.93 | -79.42 | 0.0 | 47.12 | -23.99 | 0.0 | 166.67 | 157.58 | 0.0 | -66.67 | -261.9 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.15 | 114.29 | 0.0 | 11.79 | 13.8 | 0.0 | 1.73 | 696.55 | 0.0 | 2.82 | 105.84 | 0.0 | 2.68 | 137.17 | 0.0 | 1.26 | 106.56 | 0.0 | 0.77 | 120.0 | 0.0 | 0.29 | -6.45 | 0.0 | 4.52 | 52.19 | 0.0 | 61.99 | -8.66 | 0.0 | 64.71 | 423.53 | 0.0 | 41.18 | -65.69 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.07 | 0.0 | 0.0 | 10.36 | 0.0 | 0.0 | -0.29 | 0.0 | 0.0 | 1.37 | 0.0 | 0.0 | 1.13 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 0.35 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 2.97 | 0.0 | 0.0 | 67.87 | 0.0 | 0.0 | -20.00 | 0.0 | 0.0 | 120.00 | 0.0 | 0.0 | 12.27 | 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) | -0.85 | 0 | -4.02 | 0 | -24.09 | 0 | 7.97 | 85.44 | -13.95 | 0 | -15.96 | 0 | -6.76 | 0 | -5.41 | 0 | 0.34 | -33.33 | -5.59 | 0 | 15.88 | -47.22 | 173.17 | 0 | -73.17 | 0 | 0.13 | -19.0 | 28.24 | 32.64 |
| 2022 (9) | 0.09 | -91.26 | 5.44 | -4.56 | -9.97 | 0 | 4.30 | 97.98 | 7.26 | -27.83 | 1.04 | -85.79 | 0.71 | -91.18 | 0.68 | -87.29 | 0.51 | -29.17 | 12.19 | -3.56 | 30.09 | -25.89 | -136.99 | 0 | 235.62 | 41.55 | 0.16 | -33.97 | 21.29 | 25.68 |
| 2021 (8) | 1.03 | 145.24 | 5.70 | -54.94 | -6.72 | 0 | 2.17 | 31.21 | 10.06 | 398.02 | 7.32 | 258.82 | 8.05 | 131.99 | 5.35 | 155.98 | 0.72 | -29.41 | 12.64 | 226.61 | 40.60 | -39.29 | -66.46 | 0 | 166.46 | 551.95 | 0.24 | -20.78 | 16.94 | 26.42 |
| 2020 (7) | 0.42 | 425.0 | 12.65 | 20.82 | 1.49 | 0 | 1.65 | 22.66 | 2.02 | 102.0 | 2.04 | 580.0 | 3.47 | 410.29 | 2.09 | 409.76 | 1.02 | -22.73 | 3.87 | 52.96 | 66.88 | -1.46 | 72.34 | 0 | 25.53 | -85.55 | 0.30 | -32.65 | 13.40 | 4.12 |
| 2019 (6) | 0.08 | 0 | 10.47 | 97.18 | -0.78 | 0 | 1.35 | -0.81 | 1.00 | 0 | 0.30 | 0 | 0.68 | 0 | 0.41 | 0 | 1.32 | 26.92 | 2.53 | 0 | 67.87 | -10.67 | -76.67 | 0 | 176.67 | 0 | 0.45 | -20.36 | 12.87 | -16.54 |
| 2018 (5) | -1.71 | 0 | 5.31 | -48.89 | -10.41 | 0 | 1.36 | -10.57 | -6.98 | 0 | -7.82 | 0 | -13.29 | 0 | -8.15 | 0 | 1.04 | 18.18 | -5.44 | 0 | 75.98 | 45.53 | 148.82 | 42.21 | -48.82 | 0 | 0.57 | 0 | 15.42 | 18.71 |
| 2017 (4) | -0.34 | 0 | 10.39 | -20.69 | -1.96 | 0 | 1.52 | -7.72 | -1.88 | 0 | -1.66 | 0 | -2.36 | 0 | -1.40 | 0 | 0.88 | -19.27 | -0.09 | 0 | 52.21 | -23.68 | 104.65 | 232.98 | -4.65 | 0 | 0.00 | 0 | 12.99 | 4.59 |
| 2016 (3) | 0.88 | 175.0 | 13.10 | 28.68 | 1.08 | 0 | 1.65 | 3.24 | 3.47 | 215.45 | 3.20 | 229.9 | 5.81 | 174.06 | 3.50 | 194.12 | 1.09 | -9.17 | 5.27 | 87.54 | 68.41 | 6.54 | 31.43 | 0 | 68.57 | -69.86 | 0.00 | 0 | 12.42 | 7.25 |
| 2015 (2) | 0.32 | -75.0 | 10.18 | -18.17 | -1.39 | 0 | 1.60 | 24.94 | 1.10 | -67.65 | 0.97 | -70.61 | 2.12 | -76.15 | 1.19 | -75.46 | 1.20 | -17.81 | 2.81 | -41.21 | 64.21 | -35.1 | -125.00 | 0 | 227.50 | 399.14 | 0.00 | 0 | 11.58 | 22.54 |
| 2014 (1) | 1.28 | 156.0 | 12.44 | 0 | 1.84 | 0 | 1.28 | -56.79 | 3.40 | 0 | 3.30 | 0 | 8.89 | 0 | 4.85 | 0 | 1.46 | 44.55 | 4.78 | -18.57 | 98.94 | 43.16 | 53.74 | 19.62 | 45.58 | -19.36 | 0.00 | 0 | 9.45 | -16.22 |
