- 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) | -0.29 | -825.0 | -61.11 | 18.95 | 27.18 | -49.49 | -47.56 | -2.32 | 67.82 | -98.25 | -776.65 | 52.25 | -98.39 | -791.43 | 52.18 | -3.00 | -797.67 | -59.57 | -2.85 | -778.57 | -59.22 | 0.03 | 0.0 | 200.0 | -91.67 | -521.67 | 54.16 | 4.63 | -1.07 | 1.98 | 47.83 | 113.04 | -34.78 | 52.17 | -88.82 | 95.65 | 39.44 | 8.95 | -67.95 |
| 24Q2 (19) | 0.04 | 136.36 | 136.36 | 14.90 | -33.42 | -72.39 | -46.48 | -255.35 | 52.17 | 14.52 | 155.76 | 115.02 | 14.23 | 154.65 | 116.12 | 0.43 | 136.13 | 137.39 | 0.42 | 138.18 | 139.25 | 0.03 | -25.0 | 200.0 | 21.74 | 195.1 | 124.16 | 4.68 | -31.28 | 6.36 | -366.67 | -760.0 | -466.67 | 466.67 | 740.0 | 0 | 36.20 | 52.68 | -52.49 |
| 24Q1 (18) | -0.11 | -168.75 | -155.0 | 22.38 | -8.05 | -51.83 | -13.08 | 84.06 | 87.44 | -26.04 | -127.4 | -112.33 | -26.04 | -128.42 | -112.33 | -1.19 | -171.69 | -158.05 | -1.10 | -168.32 | -156.7 | 0.04 | 100.0 | 300.0 | -22.86 | -121.34 | -109.41 | 6.81 | 5.26 | 9.13 | 55.56 | 160.19 | 211.11 | 55.56 | -71.11 | -62.96 | 23.71 | -62.7 | -75.46 |
| 23Q4 (17) | 0.16 | 188.89 | 206.67 | 24.34 | -35.13 | -0.33 | -82.08 | 44.46 | 20.52 | 95.03 | 146.18 | 178.04 | 91.62 | 144.53 | 176.52 | 1.66 | 188.3 | 204.4 | 1.61 | 189.94 | 208.05 | 0.02 | 100.0 | 100.0 | 107.14 | 153.57 | 197.4 | 6.47 | 42.51 | 22.08 | -92.31 | -225.87 | -200.7 | 192.31 | 621.15 | 1053.85 | 63.56 | -48.35 | -15.22 |
| 23Q3 (16) | -0.18 | -63.64 | -20.0 | 37.52 | -30.47 | -0.32 | -147.79 | -52.09 | -16.22 | -205.76 | -112.8 | -38.02 | -205.76 | -133.16 | -38.02 | -1.88 | -63.48 | -25.33 | -1.79 | -67.29 | -26.06 | 0.01 | 0.0 | 0.0 | -200.00 | -122.22 | -60.0 | 4.54 | 3.18 | -4.82 | 73.33 | -26.67 | -12.0 | 26.67 | 0 | 60.0 | 123.05 | 61.5 | 32.91 |
| 23Q2 (15) | -0.11 | -155.0 | 88.66 | 53.96 | 16.14 | 38.89 | -97.17 | 6.7 | 26.17 | -96.69 | -145.77 | 90.48 | -88.25 | -141.77 | 91.37 | -1.15 | -156.1 | 87.75 | -1.07 | -155.15 | 88.02 | 0.01 | 0.0 | 0.0 | -90.00 | -137.06 | 90.53 | 4.40 | -29.49 | -3.72 | 100.00 | 300.0 | 680.0 | -0.00 | -100.0 | -100.0 | 76.19 | -21.14 | -26.26 |
| 23Q1 (14) | 0.20 | 233.33 | 186.96 | 46.46 | 90.25 | 29.63 | -104.15 | -0.85 | 9.6 | 211.27 | 273.5 | 195.94 | 211.27 | 276.46 | 194.27 | 2.05 | 228.93 | 198.09 | 1.94 | 230.2 | 198.48 | 0.01 | 0.0 | 0.0 | 242.86 | 320.78 | 214.29 | 6.24 | 17.74 | 7.22 | -50.00 | -154.55 | -190.0 | 150.00 | 800.0 | 200.0 | 96.61 | 28.86 | 2.24 |
| 22Q4 (13) | -0.15 | 0.0 | -215.38 | 24.42 | -35.12 | -22.97 | -103.27 | 18.79 | -12.56 | -121.77 | 18.32 | -228.26 | -119.73 | 19.69 | -219.87 | -1.59 | -6.0 | -238.26 | -1.49 | -4.93 | -237.96 | 0.01 | 0.0 | 0.0 | -110.00 | 12.0 | -200.0 | 5.30 | 11.11 | -5.53 | 91.67 | 10.0 | 191.67 | 16.67 | 0.0 | -91.23 | 74.97 | -19.02 | 10.59 |
| 22Q3 (12) | -0.15 | 84.54 | 85.58 | 37.64 | -3.11 | 15.28 | -127.16 | 3.39 | -701.8 | -149.08 | 85.32 | 86.42 | -149.08 | 85.42 | 86.4 | -1.50 | 84.03 | 82.99 | -1.42 | 84.1 | 82.7 | 0.01 | 0.0 | 0.0 | -125.00 | 86.84 | 88.24 | 4.77 | 4.38 | -36.65 | 83.33 | 550.0 | 3683.33 | 16.67 | -80.88 | -83.71 | 92.58 | -10.39 | 266.15 |
| 22Q2 (11) | -0.97 | -321.74 | -173.48 | 38.85 | 8.4 | 28.94 | -131.62 | -14.24 | 1.86 | -1015.43 | -361.1 | -233.13 | -1022.46 | -356.21 | -248.46 | -9.39 | -349.28 | -184.98 | -8.93 | -353.3 | -185.37 | 0.01 | 0.0 | -50.0 | -950.00 | -347.06 | -222.58 | 4.57 | -21.48 | -35.72 | 12.82 | -76.92 | 174.48 | 87.18 | 74.36 | -25.62 | 103.32 | 9.34 | -16.08 |
| 22Q1 (10) | -0.23 | -276.92 | -264.29 | 35.84 | 13.06 | 254.48 | -115.21 | -25.57 | 19.21 | -220.22 | -331.96 | -351.28 | -224.12 | -324.39 | -365.61 | -2.09 | -281.74 | -271.31 | -1.97 | -282.41 | -266.95 | 0.01 | 0.0 | 0.0 | -212.50 | -293.18 | -312.5 | 5.82 | 3.74 | 43.7 | 55.56 | 155.56 | 135.09 | 50.00 | -73.68 | -80.65 | 94.49 | 39.39 | 32.82 |
| 21Q4 (9) | 0.13 | 112.5 | 85.71 | 31.70 | -2.91 | 143.26 | -91.75 | -534.22 | 41.53 | 94.94 | 108.65 | 279.15 | 99.88 | 109.11 | 294.0 | 1.15 | 113.04 | 85.48 | 1.08 | 113.15 | 77.05 | 0.01 | 0.0 | -50.0 | 110.00 | 110.35 | 181.11 | 5.61 | -25.5 | -21.97 | -100.00 | -4200.0 | 83.33 | 190.00 | 85.68 | -72.86 | 67.79 | 221.66 | 48.27 |
| 21Q3 (8) | -1.04 | -178.79 | -300.0 | 32.65 | 8.36 | 410.36 | 21.13 | 115.76 | 140.92 | -1097.51 | -243.89 | -2410.89 | -1096.41 | -259.19 | -2408.37 | -8.82 | -179.82 | -293.75 | -8.21 | -178.49 | -300.49 | 0.01 | -50.0 | -80.0 | -1062.50 | -237.1 | -2792.73 | 7.53 | 5.91 | 0.27 | -2.33 | 86.49 | -101.95 | 102.33 | -12.7 | 637.21 | -55.72 | -145.26 | -401.52 |
| 21Q2 (7) | 1.32 | 842.86 | 528.57 | 30.13 | 229.87 | 5039.34 | -134.11 | 5.96 | -516.03 | 762.74 | 770.31 | 4378.8 | 688.73 | 716.22 | 3876.5 | 11.05 | 805.74 | 490.91 | 10.46 | 786.44 | 508.14 | 0.02 | 100.0 | -80.0 | 775.00 | 675.0 | 3700.88 | 7.11 | 75.56 | -0.97 | -17.21 | 89.13 | 86.7 | 117.21 | -54.63 | -50.18 | 123.12 | 73.07 | 0 |
| 21Q1 (6) | 0.14 | 100.0 | 173.68 | -23.20 | 68.34 | -839.27 | -142.61 | 9.12 | -645.09 | 87.64 | 250.0 | 677.34 | 84.38 | 232.86 | 645.8 | 1.22 | 96.77 | 173.49 | 1.18 | 93.44 | 183.69 | 0.01 | -50.0 | -88.89 | 100.00 | 155.56 | 950.34 | 4.05 | -43.67 | -77.5 | -158.33 | 73.61 | -226.67 | 258.33 | -63.1 | 1133.33 | 71.14 | 55.6 | 680.04 |
| 20Q4 (5) | 0.07 | 126.92 | 240.0 | -73.27 | -596.48 | -1700.25 | -156.92 | -203.87 | -319.68 | 25.04 | 157.29 | 422.27 | 25.35 | 158.0 | 397.19 | 0.62 | 127.68 | 255.0 | 0.61 | 129.76 | 274.29 | 0.02 | -60.0 | -50.0 | 39.13 | 206.53 | 1703.23 | 7.19 | -4.26 | -58.73 | -600.00 | -604.0 | -241.18 | 700.00 | 3775.0 | 300.0 | 45.72 | 147.4 | 460.98 |
| 20Q3 (4) | -0.26 | -223.81 | 0.0 | -10.52 | -1624.59 | 0.0 | -51.64 | -137.21 | 0.0 | -43.71 | -356.66 | 0.0 | -43.71 | -352.37 | 0.0 | -2.24 | -219.79 | 0.0 | -2.05 | -219.19 | 0.0 | 0.05 | -50.0 | 0.0 | -36.73 | -280.14 | 0.0 | 7.51 | 4.6 | 0.0 | 119.05 | 191.99 | 0.0 | -19.05 | -108.1 | 0.0 | 18.48 | 0 | 0.0 |
| 20Q2 (3) | 0.21 | 210.53 | 0.0 | -0.61 | 75.3 | 0.0 | -21.77 | -13.74 | 0.0 | 17.03 | 212.19 | 0.0 | 17.32 | 212.03 | 0.0 | 1.87 | 212.65 | 0.0 | 1.72 | 221.99 | 0.0 | 0.10 | 11.11 | 0.0 | 20.39 | 273.38 | 0.0 | 7.18 | -60.11 | 0.0 | -129.41 | -203.53 | 0.0 | 235.29 | 1041.18 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.19 | -280.0 | 0.0 | -2.47 | 39.31 | 0.0 | -19.14 | 48.81 | 0.0 | -15.18 | -95.37 | 0.0 | -15.46 | -81.24 | 0.0 | -1.66 | -315.0 | 0.0 | -1.41 | -302.86 | 0.0 | 0.09 | 125.0 | 0.0 | -11.76 | -641.94 | 0.0 | 18.00 | 3.33 | 0.0 | 125.00 | -70.59 | 0.0 | -25.00 | 92.86 | 0.0 | 9.12 | 11.9 | 0.0 |
| 19Q4 (1) | -0.05 | 0.0 | 0.0 | -4.07 | 0.0 | 0.0 | -37.39 | 0.0 | 0.0 | -7.77 | 0.0 | 0.0 | -8.53 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | -0.35 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 2.17 | 0.0 | 0.0 | 17.42 | 0.0 | 0.0 | 425.00 | 0.0 | 0.0 | -350.00 | 0.0 | 0.0 | 8.15 | 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) | 0.06 | 0 | 38.79 | 15.72 | -102.30 | 0 | 10.26 | -30.26 | 12.14 | 0 | 13.12 | 0 | 0.66 | 0 | 0.68 | 0 | 0.05 | 25.0 | 25.64 | 0 | 6.47 | 22.08 | -800.00 | 0 | 900.00 | 1250.0 | 0.12 | -3.36 | 84.12 | -6.74 |
| 2022 (9) | -1.50 | 0 | 33.52 | 112.56 | -118.12 | 0 | 14.71 | 0.84 | -353.81 | 0 | -355.73 | 0 | -14.54 | 0 | -13.76 | 0 | 0.04 | -20.0 | -335.29 | 0 | 5.30 | -5.53 | 33.33 | 0 | 66.67 | -64.15 | 0.12 | 17.62 | 90.20 | 34.85 |
| 2021 (8) | 0.55 | 0 | 15.77 | 0 | -101.73 | 0 | 14.58 | 267.23 | 119.72 | 0 | 95.29 | 0 | 4.97 | 0 | 4.71 | 0 | 0.05 | -80.77 | 135.42 | 0 | 5.61 | -21.97 | -85.96 | 0 | 185.96 | 0 | 0.11 | 5.8 | 66.89 | 349.53 |
| 2020 (7) | -0.16 | 0 | -9.07 | 0 | -37.28 | 0 | 3.97 | -67.73 | -4.95 | 0 | -4.92 | 0 | -1.43 | 0 | -1.14 | 0 | 0.26 | 116.67 | -0.36 | 0 | 7.19 | -58.73 | 735.71 | 0 | -642.86 | 0 | 0.10 | 0 | 14.88 | -50.56 |
| 2019 (6) | 0.03 | 200.0 | 1.94 | -68.51 | -62.56 | 0 | 12.31 | 27.18 | 6.53 | 100.31 | 2.14 | 345.83 | 0.28 | 300.0 | 0.27 | 237.5 | 0.12 | -14.29 | 19.23 | 49.07 | 17.42 | 382.55 | -1012.50 | 0 | 1125.00 | 10.66 | 0.00 | 0 | 30.10 | 81.0 |
| 2018 (5) | 0.01 | -98.55 | 6.16 | 0 | -29.46 | 0 | 9.68 | 16.13 | 3.26 | -87.84 | 0.48 | -97.96 | 0.07 | -98.7 | 0.08 | -98.37 | 0.14 | -33.33 | 12.90 | -63.79 | 3.61 | -22.37 | -916.67 | 0 | 1016.67 | 325.9 | 0.00 | 0 | 16.63 | 36.31 |
| 2017 (4) | 0.69 | 16.95 | -14.77 | 0 | -36.87 | 0 | 8.33 | -23.1 | 26.80 | 35.08 | 23.52 | 20.99 | 5.38 | 11.62 | 4.92 | 19.13 | 0.21 | 10.53 | 35.63 | 2.77 | 4.65 | -68.41 | -137.63 | 0 | 238.71 | 77.64 | 0.00 | 0 | 12.20 | 39.91 |
| 2016 (3) | 0.59 | 0 | 11.77 | 3466.67 | -6.78 | 0 | 10.84 | 115.43 | 19.84 | 0 | 19.44 | 0 | 4.82 | 0 | 4.13 | 0 | 0.19 | -59.57 | 34.67 | 0 | 14.72 | -71.75 | -34.38 | 0 | 134.38 | 0 | 0.00 | 0 | 8.72 | -58.61 |
| 2015 (2) | -0.96 | 0 | 0.33 | -94.01 | -12.67 | 0 | 5.03 | 203.97 | -10.55 | 0 | -12.39 | 0 | -8.88 | 0 | -5.33 | 0 | 0.47 | -57.27 | -4.19 | 0 | 52.11 | -4.82 | 120.45 | 0 | -20.45 | 0 | 0.00 | 0 | 21.07 | 107.59 |
| 2014 (1) | 0.14 | -95.16 | 5.51 | 0 | -0.95 | 0 | 1.65 | -1.36 | 0.71 | 0 | 0.68 | 0 | 1.17 | 0 | 1.14 | 0 | 1.10 | -18.52 | 2.86 | -81.8 | 54.75 | -1.19 | -131.25 | 0 | 231.25 | 617.3 | 0.00 | 0 | 10.15 | -16.39 |
