- 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) | -0.18 | -28.57 | -50.0 | 99.81 | 58.73 | 0 | -640.49 | 80.19 | 90.59 | -752.80 | 72.27 | 85.07 | -752.80 | 72.25 | 85.07 | -4.25 | -34.07 | -70.68 | -3.77 | -35.13 | -57.74 | 0.01 | 0 | 0 | -700.00 | 0 | 0 | 7.85 | -51.06 | 100.26 | 87.50 | -25.0 | -37.5 | 12.50 | 175.0 | 131.25 | 390.95 | -79.82 | -90.7 |
| 24Q2 (19) | -0.14 | -7.69 | -16.67 | 62.88 | 2356.25 | 117.28 | -3232.75 | 20.97 | -62.6 | -2714.85 | 8.01 | -92.71 | -2712.66 | 8.09 | -92.55 | -3.17 | -10.45 | -28.86 | -2.79 | -4.1 | -47.62 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 16.04 | 77.43 | 310.23 | 116.67 | -12.5 | -27.08 | -16.67 | 50.0 | 58.33 | 1937.55 | -3.72 | 49.46 |
| 24Q1 (18) | -0.13 | 45.83 | 35.0 | 2.56 | 7.56 | -93.81 | -4090.77 | 19.2 | -385.67 | -2951.28 | 52.58 | -231.25 | -2951.28 | 52.58 | -231.25 | -2.87 | 42.6 | 22.85 | -2.68 | 44.05 | 5.63 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 9.04 | 80.8 | -83.22 | 133.33 | 48.15 | 50.0 | -33.33 | -266.67 | 0 | 2012.31 | -33.8 | 299.88 |
| 23Q4 (17) | -0.24 | -100.0 | -14.29 | 2.38 | 0 | -97.61 | -5063.10 | 25.64 | -60.64 | -6223.21 | -23.4 | -61.41 | -6223.21 | -23.4 | -61.41 | -5.00 | -100.8 | -27.88 | -4.79 | -100.42 | -29.46 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 5.00 | 27.55 | -39.1 | 90.00 | -35.71 | 1.25 | 20.00 | 150.0 | -10.0 | 3039.88 | -27.7 | 38.85 |
| 23Q3 (16) | -0.12 | 0.0 | -50.0 | 0.00 | -100.0 | -100.0 | -6809.35 | -242.5 | -34.93 | -5042.99 | -257.97 | -82.62 | -5042.99 | -257.97 | -82.62 | -2.49 | -1.22 | -81.75 | -2.39 | -26.46 | -81.06 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 3.92 | 0.26 | 38.03 | 140.00 | -12.5 | -30.0 | -40.00 | 0.0 | 60.0 | 4204.67 | 224.34 | 70.31 |
| 23Q2 (15) | -0.12 | 40.0 | -500.0 | 28.94 | -30.01 | 0 | -1988.11 | -136.04 | 0 | -1408.79 | -58.12 | 0 | -1408.79 | -58.12 | 0 | -2.46 | 33.87 | -592.0 | -1.89 | 33.45 | -510.87 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 3.91 | -92.74 | 25.72 | 160.00 | 80.0 | 126.67 | -40.00 | 0 | -105.71 | 1296.38 | 157.61 | 0 |
| 23Q1 (14) | -0.20 | 4.76 | -185.71 | 41.35 | -58.48 | 34358.33 | -842.29 | 73.28 | -10337.3 | -890.94 | 76.89 | -15585.56 | -890.94 | 76.89 | -15585.56 | -3.72 | 4.86 | -183.97 | -2.84 | 23.24 | -151.33 | 0.00 | 0 | -100.0 | -700.00 | 0 | -19843.02 | 53.87 | 556.15 | 236.48 | 88.89 | 0.0 | -46.67 | -0.00 | -100.0 | 100.0 | 503.23 | -77.01 | 10768.9 |
| 22Q4 (13) | -0.21 | -162.5 | -31.25 | 99.59 | -0.41 | 5254.3 | -3151.85 | 37.55 | -68418.48 | -3855.56 | -39.62 | -49203.84 | -3855.56 | -39.62 | -49203.84 | -3.91 | -185.4 | -42.7 | -3.70 | -180.3 | -58.8 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 8.21 | 189.08 | -39.59 | 88.89 | -55.56 | 55.56 | 22.22 | 122.22 | -48.15 | 2189.30 | -11.32 | 67056.44 |
| 22Q3 (12) | -0.08 | -366.67 | -700.0 | 100.00 | 0 | 5614.29 | -5046.72 | 0 | -753141.79 | -2761.48 | 0 | -587448.94 | -2761.48 | 0 | -587448.94 | -1.37 | -374.0 | -495.65 | -1.32 | -386.96 | -594.74 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 2.84 | -8.68 | -86.4 | 200.00 | 133.33 | 100.0 | -100.00 | -114.29 | 0 | 2468.85 | 0 | 137058.33 |
| 22Q2 (11) | 0.03 | 142.86 | 200.0 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.50 | 138.17 | 187.72 | 0.46 | 140.71 | 204.55 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 3.11 | -80.57 | -73.78 | -600.00 | -460.0 | -700.0 | 700.00 | 2200.0 | 0 | 0.00 | -100.0 | -100.0 |
| 22Q1 (10) | -0.07 | 56.25 | 46.15 | 0.12 | -93.55 | -78.18 | -8.07 | -75.43 | -83.41 | -5.68 | 27.37 | 0.0 | -5.68 | 27.37 | 0.0 | -1.31 | 52.19 | 37.91 | -1.13 | 51.5 | 33.92 | 0.20 | -33.33 | -35.48 | -3.51 | 48.53 | -12.5 | 16.01 | 17.81 | -38.07 | 166.67 | 191.67 | 108.33 | -33.33 | -177.78 | -266.67 | 4.63 | 42.02 | 51.31 |
| 21Q4 (9) | -0.16 | -1500.0 | 79.22 | 1.86 | 6.29 | 30.99 | -4.60 | -586.57 | -286.55 | -7.82 | -1563.83 | 77.35 | -7.82 | -1563.83 | 82.79 | -2.74 | -1091.3 | 77.41 | -2.33 | -1126.32 | 78.31 | 0.30 | -26.83 | 25.0 | -6.82 | -921.69 | 78.06 | 13.59 | -34.94 | -1.95 | 57.14 | -42.86 | 1385.71 | 42.86 | 0 | -55.43 | 3.26 | 81.11 | 1.24 |
| 21Q3 (8) | -0.01 | 66.67 | 75.0 | 1.75 | 9.37 | -82.09 | -0.67 | 44.17 | 73.83 | -0.47 | 62.1 | 88.48 | -0.47 | 62.1 | 81.57 | -0.23 | 59.65 | 58.93 | -0.19 | 56.82 | 50.0 | 0.41 | 7.89 | 127.78 | 0.83 | -2.35 | -73.05 | 20.89 | 76.14 | 86.52 | 100.00 | 0.0 | 50.0 | -0.00 | 0 | -100.0 | 1.80 | -28.29 | -81.56 |
| 21Q2 (7) | -0.03 | 76.92 | 85.71 | 1.60 | 190.91 | 144.69 | -1.20 | 72.73 | 89.29 | -1.24 | 78.17 | 89.83 | -1.24 | 78.17 | 87.22 | -0.57 | 72.99 | 81.13 | -0.44 | 74.27 | 76.84 | 0.38 | 22.58 | 80.95 | 0.85 | 127.24 | 113.18 | 11.86 | -54.12 | -68.54 | 100.00 | 25.0 | 10.0 | -0.00 | -100.0 | -100.0 | 2.51 | -17.97 | 0 |
| 21Q1 (6) | -0.13 | 83.12 | -1400.0 | 0.55 | -61.27 | -74.54 | -4.40 | -269.75 | -87.23 | -5.68 | 83.55 | -560.47 | -5.68 | 87.5 | -1770.59 | -2.11 | 82.61 | -1723.08 | -1.71 | 84.08 | -843.48 | 0.31 | 29.17 | 24.0 | -3.12 | 89.96 | -193.69 | 25.85 | 86.51 | -56.2 | 80.00 | 1980.0 | -73.33 | 20.00 | -79.2 | 110.0 | 3.06 | -4.97 | 0 |
| 20Q4 (5) | -0.77 | -1825.0 | -120.0 | 1.42 | -85.47 | -69.79 | -1.19 | 53.52 | 78.64 | -34.53 | -746.32 | -217.08 | -45.43 | -1681.57 | -262.86 | -12.13 | -2066.07 | -151.14 | -10.74 | -2726.32 | -246.45 | 0.24 | 33.33 | -7.69 | -31.08 | -1109.09 | -317.74 | 13.86 | 23.75 | -72.41 | 3.85 | -94.23 | -92.86 | 96.15 | 188.46 | 108.33 | 3.22 | -67.01 | -41.98 |
| 20Q3 (4) | -0.04 | 80.95 | 0.0 | 9.77 | 372.91 | 0.0 | -2.56 | 77.14 | 0.0 | -4.08 | 66.53 | 0.0 | -2.55 | 73.71 | 0.0 | -0.56 | 81.46 | 0.0 | -0.38 | 80.0 | 0.0 | 0.18 | -14.29 | 0.0 | 3.08 | 147.75 | 0.0 | 11.20 | -70.29 | 0.0 | 66.67 | -26.67 | 0.0 | 33.33 | 266.67 | 0.0 | 9.76 | 0 | 0.0 |
| 20Q2 (3) | -0.21 | -2200.0 | 0.0 | -3.58 | -265.74 | 0.0 | -11.20 | -376.6 | 0.0 | -12.19 | -1317.44 | 0.0 | -9.70 | -2952.94 | 0.0 | -3.02 | -2423.08 | 0.0 | -1.90 | -926.09 | 0.0 | 0.21 | -16.0 | 0.0 | -6.45 | -293.69 | 0.0 | 37.70 | -36.12 | 0.0 | 90.91 | -69.7 | 0.0 | 9.09 | 104.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | 102.86 | 0.0 | 2.16 | -54.04 | 0.0 | -2.35 | 57.81 | 0.0 | -0.86 | 92.1 | 0.0 | 0.34 | 102.72 | 0.0 | 0.13 | 102.69 | 0.0 | 0.23 | 107.42 | 0.0 | 0.25 | -3.85 | 0.0 | 3.33 | 144.76 | 0.0 | 59.02 | 17.48 | 0.0 | 300.00 | 457.14 | 0.0 | -200.00 | -533.33 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.35 | 0.0 | 0.0 | 4.70 | 0.0 | 0.0 | -5.57 | 0.0 | 0.0 | -10.89 | 0.0 | 0.0 | -12.52 | 0.0 | 0.0 | -4.83 | 0.0 | 0.0 | -3.10 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | -7.44 | 0.0 | 0.0 | 50.24 | 0.0 | 0.0 | 53.85 | 0.0 | 0.0 | 46.15 | 0.0 | 0.0 | 5.55 | 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) | -0.68 | 0 | 31.63 | 4117.33 | -1946.49 | 0 | 200.00 | 2180.0 | -1840.69 | 0 | -1840.69 | 0 | -13.66 | 0 | -12.79 | 0 | 0.01 | -95.24 | -1300.00 | 0 | 5.00 | -39.1 | 106.67 | -33.33 | -6.67 | 0 | 0.00 | 0 | 1199.38 | 4833.69 |
| 2022 (9) | -0.34 | 0 | 0.75 | -48.63 | -42.61 | 0 | 8.77 | 427.57 | -25.69 | 0 | -25.69 | 0 | -6.13 | 0 | -5.49 | 0 | 0.21 | -85.52 | -15.79 | 0 | 8.21 | -39.59 | 160.00 | 124.0 | -66.67 | 0 | 0.00 | 0 | 24.31 | 838.61 |
| 2021 (8) | -0.33 | 0 | 1.46 | -22.34 | -2.49 | 0 | 1.66 | -60.87 | -3.41 | 0 | -3.41 | 0 | -5.62 | 0 | -4.85 | 0 | 1.45 | 55.91 | -1.66 | 0 | 13.59 | -1.95 | 71.43 | 83.04 | 28.57 | -53.14 | 0.00 | 0 | 2.59 | -63.11 |
| 2020 (7) | -1.01 | 0 | 1.88 | -11.32 | -4.49 | 0 | 4.25 | 41.74 | -11.55 | 0 | -12.50 | 0 | -15.52 | 0 | -11.18 | 0 | 0.93 | -3.12 | -6.52 | 0 | 13.86 | -72.41 | 39.02 | -56.97 | 60.98 | 555.49 | 0.33 | 53.51 | 7.02 | 27.17 |
| 2019 (6) | -1.04 | 0 | 2.12 | 23.26 | -8.27 | 0 | 3.00 | 69.96 | -9.19 | 0 | -9.76 | 0 | -13.83 | 0 | -8.76 | 0 | 0.96 | -25.58 | -5.35 | 0 | 50.24 | 10.22 | 90.70 | -4.53 | 9.30 | 86.05 | 0.22 | 12.2 | 5.52 | -12.66 |
| 2018 (5) | -1.38 | 0 | 1.72 | -86.53 | -7.77 | 0 | 1.76 | -55.68 | -8.12 | 0 | -8.21 | 0 | -15.71 | 0 | -10.17 | 0 | 1.29 | 34.38 | -5.97 | 0 | 45.58 | -11.62 | 95.00 | -8.52 | 5.00 | 0 | 0.19 | 0 | 6.32 | -58.06 |
| 2017 (4) | 0.52 | 0 | 12.77 | 12.41 | 4.47 | 0 | 3.98 | -37.68 | 4.33 | 0 | 3.77 | 0 | 5.61 | 0 | 4.02 | 0 | 0.96 | 3.23 | 8.79 | 31.19 | 51.57 | -10.25 | 103.85 | -48.08 | -3.85 | 0 | 0.00 | 0 | 15.07 | 4.29 |
| 2016 (3) | -0.09 | 0 | 11.36 | 69.55 | -0.90 | 0 | 6.39 | 14.43 | -0.41 | 0 | -0.63 | 0 | -1.00 | 0 | -0.26 | 0 | 0.93 | -20.51 | 6.70 | 30.6 | 57.46 | -32.59 | 200.00 | 23.08 | -100.00 | 0 | 0.00 | 0 | 14.45 | 25.76 |
| 2015 (2) | -0.17 | 0 | 6.70 | -38.25 | -1.44 | 0 | 5.58 | -25.65 | -0.96 | 0 | -0.85 | 0 | -1.79 | 0 | -0.59 | 0 | 1.17 | 9.35 | 5.13 | -54.96 | 85.24 | 10.11 | 162.50 | 93.45 | -50.00 | 0 | 0.00 | 0 | 11.49 | -20.1 |
| 2014 (1) | 0.48 | -41.46 | 10.85 | 0 | 2.78 | 0 | 7.51 | -17.18 | 3.34 | 0 | 2.79 | 0 | 5.13 | 0 | 3.22 | 0 | 1.07 | 1.9 | 11.39 | -24.87 | 77.41 | 16.16 | 84.00 | 10.07 | 16.00 | -32.44 | 0.00 | 0 | 14.38 | -4.45 |
