- 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) | -0.28 | 36.36 | -1300.0 | 12.36 | -30.09 | -23.13 | -9.52 | 44.49 | -946.15 | -7.12 | 29.37 | -1994.12 | -7.33 | 30.52 | -1528.89 | -2.85 | 32.46 | -996.15 | -1.07 | 36.69 | -813.33 | 0.17 | -5.56 | -19.05 | -1.15 | 74.04 | -122.64 | 134.83 | 10.31 | -23.43 | 132.14 | -22.38 | -50.45 | -33.93 | 51.69 | 79.64 | 24.43 | -33.79 | 24.07 |
| 24Q2 (19) | -0.44 | 31.25 | -728.57 | 17.68 | 19.62 | 33.64 | -17.15 | -127.45 | -1764.13 | -10.08 | 28.05 | -776.51 | -10.55 | 24.48 | -1033.63 | -4.22 | 26.61 | -641.03 | -1.69 | 19.91 | -407.27 | 0.18 | 5.88 | -25.0 | -4.43 | 44.69 | -169.0 | 122.23 | -4.07 | -29.09 | 170.24 | 219.57 | 383.73 | -70.24 | -253.38 | -143.9 | 36.90 | 46.6 | 109.54 |
| 24Q1 (18) | -0.64 | -500.0 | -1166.67 | 14.78 | -4.52 | 9.08 | -7.54 | -245.87 | -132.0 | -14.01 | -667.21 | -1220.8 | -13.97 | -608.0 | -1602.15 | -5.75 | -450.61 | -1074.58 | -2.11 | -354.22 | -530.61 | 0.17 | -22.73 | -19.05 | -8.01 | -205.12 | -213.46 | 127.41 | -27.66 | -36.3 | 53.27 | 158.34 | 120.21 | 45.79 | -76.06 | -87.71 | 25.17 | 20.84 | 28.48 |
| 23Q4 (17) | 0.16 | 900.0 | 77.78 | 15.48 | -3.73 | 4.88 | -2.18 | -139.56 | -741.18 | 2.47 | 826.47 | 84.33 | 2.75 | 711.11 | 118.25 | 1.64 | 730.77 | 69.07 | 0.83 | 453.33 | 56.6 | 0.22 | 4.76 | -8.33 | 7.62 | 50.0 | 25.74 | 176.12 | 0.02 | -19.12 | -91.30 | -134.24 | -442.39 | 191.30 | 214.78 | 160.87 | 20.83 | 5.79 | 10.74 |
| 23Q3 (16) | -0.02 | -128.57 | 71.43 | 16.08 | 21.54 | 22.1 | -0.91 | 1.09 | -271.7 | -0.34 | -122.82 | 60.0 | -0.45 | -139.82 | 51.09 | -0.26 | -133.33 | 66.23 | 0.15 | -72.73 | 600.0 | 0.21 | -12.5 | -19.23 | 5.08 | -20.87 | 45.56 | 176.09 | 2.15 | -20.65 | 266.67 | 544.44 | 544.44 | -166.67 | -204.17 | -198.04 | 19.69 | 11.81 | 17.27 |
| 23Q2 (15) | 0.07 | 16.67 | 120.59 | 13.23 | -2.36 | 50.51 | -0.92 | 71.69 | 74.93 | 1.49 | 19.2 | 137.34 | 1.13 | 21.51 | 126.59 | 0.78 | 32.2 | 121.25 | 0.55 | 12.24 | 159.78 | 0.24 | 14.29 | -7.69 | 6.42 | -9.07 | 7925.0 | 172.38 | -13.82 | -25.59 | -60.00 | 77.24 | -165.22 | 160.00 | -57.07 | 1900.0 | 17.61 | -10.11 | -4.4 |
| 23Q1 (14) | 0.06 | -33.33 | 108.7 | 13.55 | -8.2 | 87.67 | -3.25 | -1055.88 | 53.37 | 1.25 | -6.72 | 111.55 | 0.93 | -26.19 | 108.49 | 0.59 | -39.18 | 108.03 | 0.49 | -7.55 | 124.87 | 0.21 | -12.5 | 5.0 | 7.06 | 16.5 | 223.21 | 200.03 | -8.14 | -14.99 | -263.64 | -1088.64 | -508.83 | 372.73 | 408.26 | 949.52 | 19.59 | 4.15 | -8.29 |
| 22Q4 (13) | 0.09 | 228.57 | 117.31 | 14.76 | 12.07 | 87.79 | 0.34 | -35.85 | 104.74 | 1.34 | 257.65 | 125.72 | 1.26 | 236.96 | 118.92 | 0.97 | 225.97 | 118.41 | 0.53 | 1866.67 | 137.32 | 0.24 | -7.69 | 4.35 | 6.06 | 73.64 | 626.96 | 217.76 | -1.87 | -12.67 | 26.67 | 144.44 | -80.69 | 73.33 | -56.86 | 292.5 | 18.81 | 12.03 | -13.76 |
| 22Q3 (12) | -0.07 | 79.41 | 79.41 | 13.17 | 49.83 | 56.97 | 0.53 | 114.44 | 111.91 | -0.85 | 78.7 | 84.32 | -0.92 | 78.35 | 77.78 | -0.77 | 79.02 | 77.01 | -0.03 | 96.74 | 96.7 | 0.26 | 0.0 | 4.0 | 3.49 | 4262.5 | 298.3 | 221.91 | -4.21 | -3.14 | -60.00 | -165.22 | -173.45 | 170.00 | 2025.0 | 828.46 | 16.79 | -8.85 | -18.42 |
| 22Q2 (11) | -0.34 | 50.72 | 60.92 | 8.79 | 21.75 | 33.18 | -3.67 | 47.35 | 53.01 | -3.99 | 63.12 | 60.02 | -4.25 | 61.19 | 63.01 | -3.67 | 50.07 | 53.31 | -0.92 | 53.3 | 62.9 | 0.26 | 30.0 | 13.04 | 0.08 | 101.4 | 101.32 | 231.66 | -1.54 | 6.99 | 92.00 | 42.67 | 17.72 | 8.00 | -77.47 | -63.38 | 18.42 | -13.76 | -19.81 |
| 22Q1 (10) | -0.69 | -32.69 | -109.09 | 7.22 | -8.14 | -2.96 | -6.97 | 2.79 | 9.13 | -10.82 | -107.68 | -109.69 | -10.95 | -64.41 | -112.21 | -7.35 | -39.47 | -159.72 | -1.97 | -38.73 | -118.89 | 0.20 | -13.04 | 0.0 | -5.73 | -398.26 | -1069.39 | 235.29 | -5.63 | 24.48 | 64.49 | -53.3 | -57.01 | 35.51 | 193.22 | 173.87 | 21.36 | -2.06 | -9.61 |
| 21Q4 (9) | -0.52 | -52.94 | -67.74 | 7.86 | -6.32 | -23.02 | -7.17 | -61.12 | -25.79 | -5.21 | 3.87 | -17.34 | -6.66 | -60.87 | -43.84 | -5.27 | -57.31 | -101.92 | -1.42 | -56.04 | -59.55 | 0.23 | -8.0 | 9.52 | -1.15 | 34.66 | 0 | 249.34 | 8.83 | 43.85 | 138.10 | 69.05 | 6.4 | -38.10 | -308.06 | -37.73 | 21.81 | 5.98 | -3.07 |
| 21Q3 (8) | -0.34 | 60.92 | -142.86 | 8.39 | 27.12 | -33.09 | -4.45 | 43.02 | -124.75 | -5.42 | 45.69 | -230.49 | -4.14 | 63.97 | -123.78 | -3.35 | 57.38 | -199.11 | -0.91 | 63.31 | -160.0 | 0.25 | 8.7 | 4.17 | -1.76 | 70.96 | -173.03 | 229.10 | 5.81 | 46.54 | 81.69 | 4.53 | -32.52 | 18.31 | -16.2 | 186.97 | 20.58 | -10.4 | 5.7 |
| 21Q2 (7) | -0.87 | -163.64 | -8800.0 | 6.60 | -11.29 | -49.15 | -7.81 | -1.83 | -941.33 | -9.98 | -93.41 | -783.56 | -11.49 | -122.67 | -28825.0 | -7.86 | -177.74 | -26300.0 | -2.48 | -175.56 | -2855.56 | 0.23 | 15.0 | -4.17 | -6.06 | -1136.73 | -206.69 | 216.52 | 14.55 | 45.96 | 78.15 | -47.9 | 256.3 | 21.85 | 145.45 | -86.02 | 22.97 | -2.79 | 0 |
| 21Q1 (6) | -0.33 | -6.45 | -3.13 | 7.44 | -27.13 | -31.74 | -7.67 | -34.56 | -20.22 | -5.16 | -16.22 | 16.64 | -5.16 | -11.45 | 17.31 | -2.83 | -8.43 | -11.42 | -0.90 | -1.12 | 8.16 | 0.20 | -4.76 | 17.65 | -0.49 | 0 | 18.33 | 189.02 | 9.05 | 43.51 | 150.00 | 15.57 | 44.34 | -48.08 | -73.82 | -1125.96 | 23.63 | 5.02 | 25.09 |
| 20Q4 (5) | -0.31 | -121.43 | -338.46 | 10.21 | -18.58 | -35.26 | -5.70 | -187.88 | -1034.43 | -4.44 | -170.73 | -263.84 | -4.63 | -150.27 | -343.68 | -2.61 | -133.04 | -366.33 | -0.89 | -154.29 | -289.36 | 0.21 | -12.5 | -4.55 | 0.00 | -100.0 | -100.0 | 173.33 | 10.87 | 26.31 | 129.79 | 7.22 | 437.69 | -27.66 | -31.38 | -134.88 | 22.50 | 15.56 | 0 |
| 20Q3 (4) | -0.14 | -1500.0 | 0.0 | 12.54 | -3.39 | 0.0 | -1.98 | -164.0 | 0.0 | -1.64 | -212.33 | 0.0 | -1.85 | -4725.0 | 0.0 | -1.12 | -3833.33 | 0.0 | -0.35 | -488.89 | 0.0 | 0.24 | 0.0 | 0.0 | 2.41 | -57.57 | 0.0 | 156.34 | 5.39 | 0.0 | 121.05 | 342.11 | 0.0 | -21.05 | -113.47 | 0.0 | 19.47 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | 103.12 | 0.0 | 12.98 | 19.08 | 0.0 | -0.75 | 88.24 | 0.0 | 1.46 | 123.59 | 0.0 | 0.04 | 100.64 | 0.0 | 0.03 | 101.18 | 0.0 | 0.09 | 109.18 | 0.0 | 0.24 | 41.18 | 0.0 | 5.68 | 1046.67 | 0.0 | 148.34 | 12.63 | 0.0 | -50.00 | -148.11 | 0.0 | 156.25 | 4084.38 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.32 | -346.15 | 0.0 | 10.90 | -30.88 | 0.0 | -6.38 | -1145.9 | 0.0 | -6.19 | -328.41 | 0.0 | -6.24 | -428.42 | 0.0 | -2.54 | -359.18 | 0.0 | -0.98 | -308.51 | 0.0 | 0.17 | -22.73 | 0.0 | -0.60 | -108.53 | 0.0 | 131.71 | -4.02 | 0.0 | 103.92 | 330.53 | 0.0 | -3.92 | -104.94 | 0.0 | 18.89 | 0 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 15.77 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | 2.71 | 0.0 | 0.0 | 1.90 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.47 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 7.03 | 0.0 | 0.0 | 137.23 | 0.0 | 0.0 | 24.14 | 0.0 | 0.0 | 79.31 | 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) | 0.28 | 0 | 14.56 | 31.65 | -1.79 | 0 | 3.53 | 6.81 | 1.24 | 0 | 1.11 | 0 | 2.79 | 0 | 1.96 | 0 | 0.85 | -8.6 | 6.55 | 459.83 | 176.12 | -19.12 | -144.68 | 0 | 242.55 | 668.09 | 0.71 | 87.26 | 19.39 | 3.52 |
| 2022 (9) | -1.01 | 0 | 11.06 | 45.53 | -2.30 | 0 | 3.30 | 3.23 | -3.35 | 0 | -3.49 | 0 | -10.89 | 0 | -2.48 | 0 | 0.93 | 2.2 | 1.17 | 0 | 217.76 | -12.67 | 69.08 | -33.33 | 31.58 | 0 | 0.38 | -10.05 | 18.73 | -15.44 |
| 2021 (8) | -2.06 | 0 | 7.60 | -35.21 | -6.69 | 0 | 3.20 | -14.09 | -6.45 | 0 | -6.86 | 0 | -19.21 | 0 | -5.76 | 0 | 0.91 | 9.64 | -2.41 | 0 | 249.34 | 43.85 | 103.61 | -27.83 | -3.61 | 0 | 0.42 | -20.43 | 22.15 | 4.88 |
| 2020 (7) | -0.76 | 0 | 11.73 | -13.18 | -3.48 | 0 | 3.72 | 2.02 | -2.44 | 0 | -2.93 | 0 | -6.16 | 0 | -2.07 | 0 | 0.83 | -10.75 | 2.09 | -48.9 | 173.33 | 26.31 | 143.56 | -86.95 | -42.57 | 0 | 0.53 | 86.64 | 21.12 | 13.24 |
| 2019 (6) | -0.10 | 0 | 13.51 | 10.11 | -1.45 | 0 | 3.65 | 10.33 | -0.13 | 0 | -0.35 | 0 | -0.73 | 0 | -0.07 | 0 | 0.93 | -7.0 | 4.09 | 581.67 | 137.23 | 20.31 | 1100.00 | 817.68 | -1000.00 | 0 | 0.28 | -29.59 | 18.65 | -7.67 |
| 2018 (5) | -0.94 | 0 | 12.27 | -2.39 | -3.71 | 0 | 3.31 | 0.16 | -3.10 | 0 | -3.25 | 0 | -6.82 | 0 | -3.06 | 0 | 1.00 | 0.0 | 0.60 | -80.33 | 114.06 | 8.5 | 119.87 | -58.71 | -19.87 | 0 | 0.40 | 25.43 | 20.20 | 3.43 |
| 2017 (4) | -0.21 | 0 | 12.57 | -17.84 | -1.76 | 0 | 3.30 | 4.01 | -0.61 | 0 | -0.72 | 0 | -1.43 | 0 | -0.53 | 0 | 1.00 | -0.99 | 3.05 | -46.86 | 105.12 | 8.73 | 290.32 | 429.14 | -190.32 | 0 | 0.32 | 0 | 19.53 | 6.37 |
| 2016 (3) | 0.58 | 544.44 | 15.30 | -7.16 | 1.19 | -36.7 | 3.17 | 3.2 | 2.15 | 138.89 | 1.90 | 555.17 | 3.62 | 583.02 | 2.06 | 357.78 | 1.01 | 2.02 | 5.74 | 28.41 | 96.68 | 17.27 | 54.87 | -73.69 | 45.13 | 0 | 0.00 | 0 | 18.36 | -0.49 |
| 2015 (2) | 0.09 | -18.18 | 16.48 | 0.98 | 1.88 | 172.46 | 3.08 | 7.82 | 0.90 | 13.92 | 0.29 | -17.14 | 0.53 | -17.19 | 0.45 | -4.26 | 0.99 | 2.06 | 4.47 | 7.97 | 82.44 | -5.89 | 208.51 | 136.69 | -108.51 | 0 | 0.00 | 0 | 18.45 | 8.21 |
| 2014 (1) | 0.11 | -84.93 | 16.32 | 0 | 0.69 | 0 | 2.85 | 24.24 | 0.79 | 0 | 0.35 | 0 | 0.64 | 0 | 0.47 | 0 | 0.97 | -14.91 | 4.14 | -19.77 | 87.60 | -7.9 | 88.10 | -15.27 | 11.90 | 0 | 0.00 | 0 | 17.05 | 10.0 |
