- 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) | -0.27 | 3.57 | -58.82 | 3.65 | -48.95 | 32.25 | -8.17 | 27.64 | 24.28 | -7.87 | -1.29 | -52.52 | -7.87 | -1.29 | -52.52 | -2.37 | 5.2 | -35.43 | -0.99 | -30.26 | -175.0 | 0.15 | 15.38 | 25.0 | -1.41 | -502.86 | -132.64 | 92.02 | -23.82 | -50.57 | 104.00 | -28.5 | -50.0 | -4.00 | 91.2 | 96.3 | 15.37 | -26.39 | -16.06 |
| 24Q2 (19) | -0.28 | -460.0 | -366.67 | 7.15 | 47.73 | 60.67 | -11.29 | -21.53 | -39.9 | -7.77 | -329.28 | -162.5 | -7.77 | -329.28 | -162.5 | -2.50 | -354.55 | -155.1 | -0.76 | -1050.0 | -660.0 | 0.13 | 30.0 | 8.33 | 0.35 | -96.29 | -94.88 | 120.79 | -38.73 | -35.62 | 145.45 | -73.21 | -47.79 | -45.45 | 89.74 | 74.55 | 20.88 | -7.2 | 8.86 |
| 24Q1 (18) | -0.05 | 87.18 | 50.0 | 4.84 | 5.22 | 287.2 | -9.29 | 3.43 | 39.0 | -1.81 | 84.15 | 67.45 | -1.81 | 84.15 | 67.45 | -0.55 | 86.42 | 63.33 | 0.08 | 107.02 | 128.57 | 0.10 | -16.67 | 11.11 | 9.44 | 567.33 | 55.78 | 197.13 | -1.53 | 4.21 | 542.86 | 533.33 | 99.05 | -442.86 | -2855.56 | -156.39 | 22.50 | 17.62 | -6.05 |
| 23Q4 (17) | -0.39 | -129.41 | 26.42 | 4.60 | 66.67 | 622.73 | -9.62 | 10.84 | 27.89 | -11.42 | -121.32 | 39.61 | -11.42 | -121.32 | 39.61 | -4.05 | -131.43 | 46.22 | -1.14 | -216.67 | 52.1 | 0.12 | 0.0 | -14.29 | -2.02 | -146.76 | 79.11 | 200.20 | 7.54 | 2.61 | 85.71 | -58.79 | 21.69 | 16.07 | 114.88 | -45.64 | 19.13 | 4.48 | -50.29 |
| 23Q3 (16) | -0.17 | -183.33 | 34.62 | 2.76 | -37.98 | 137.5 | -10.79 | -33.71 | 38.27 | -5.16 | -74.32 | 40.07 | -5.16 | -74.32 | 40.07 | -1.75 | -78.57 | 50.84 | -0.36 | -260.0 | 66.67 | 0.12 | 0.0 | -20.0 | 4.32 | -36.75 | 476.0 | 186.17 | -0.77 | 0.87 | 208.00 | -25.33 | 1.33 | -108.00 | 39.52 | -4.34 | 18.31 | -4.54 | 1.1 |
| 23Q2 (15) | -0.06 | 40.0 | 86.67 | 4.45 | 256.0 | 156.19 | -8.07 | 47.01 | 57.37 | -2.96 | 46.76 | 79.85 | -2.96 | 46.76 | 79.85 | -0.98 | 34.67 | 84.62 | -0.10 | 64.29 | 94.95 | 0.12 | 33.33 | -20.0 | 6.83 | 12.71 | 232.11 | 187.62 | -0.81 | 7.18 | 278.57 | 2.14 | 116.17 | -178.57 | -3.38 | -518.62 | 19.18 | -19.92 | 6.14 |
| 23Q1 (14) | -0.10 | 81.13 | 54.55 | 1.25 | 242.05 | 139.68 | -15.23 | -14.17 | -1.13 | -5.56 | 70.6 | 40.34 | -5.56 | 70.6 | 40.34 | -1.50 | 80.08 | 54.13 | -0.28 | 88.24 | 67.06 | 0.09 | -35.71 | -18.18 | 6.06 | 162.67 | 76.68 | 189.16 | -3.05 | -11.18 | 272.73 | 287.21 | 67.27 | -172.73 | -684.22 | -183.77 | 23.95 | -37.76 | 14.7 |
| 22Q4 (13) | -0.53 | -103.85 | -10.42 | -0.88 | 88.04 | 72.41 | -13.34 | 23.68 | -1.91 | -18.91 | -119.63 | -26.49 | -18.91 | -119.63 | -26.49 | -7.53 | -111.52 | -11.56 | -2.38 | -120.37 | -16.1 | 0.14 | -6.67 | -6.67 | -9.67 | -1389.33 | -74.55 | 195.11 | 5.71 | -8.68 | 70.43 | -65.69 | -19.96 | 29.57 | 128.56 | 146.38 | 38.48 | 112.48 | 117.65 |
| 22Q3 (12) | -0.26 | 42.22 | -188.89 | -7.36 | 7.07 | -781.48 | -17.48 | 7.66 | -130.0 | -8.61 | 41.39 | -213.09 | -8.61 | 41.39 | -213.09 | -3.56 | 44.11 | -194.21 | -1.08 | 45.45 | -350.0 | 0.15 | 0.0 | 0.0 | 0.75 | 114.51 | -88.23 | 184.57 | 5.44 | -3.48 | 205.26 | 59.28 | -23.53 | -103.51 | -258.58 | 40.4 | 18.11 | 0.22 | 12.28 |
| 22Q2 (11) | -0.45 | -104.55 | -2350.0 | -7.92 | -151.43 | -287.23 | -18.93 | -25.7 | -300.21 | -14.69 | -57.62 | -2980.39 | -14.69 | -57.62 | -2980.39 | -6.37 | -94.8 | -3133.33 | -1.98 | -132.94 | -861.54 | 0.15 | 36.36 | 7.14 | -5.17 | -250.73 | -149.86 | 175.05 | -17.81 | -7.81 | 128.87 | -20.96 | 112.47 | -28.87 | 52.58 | -102.55 | 18.07 | -13.46 | 9.18 |
| 22Q1 (10) | -0.22 | 54.17 | -633.33 | -3.15 | 1.25 | -182.68 | -15.06 | -15.05 | -223.87 | -9.32 | 37.66 | -947.19 | -9.32 | 37.66 | -947.19 | -3.27 | 51.56 | -808.33 | -0.85 | 58.54 | -2933.33 | 0.11 | -26.67 | -26.67 | 3.43 | 161.91 | -61.76 | 212.98 | -0.31 | 11.99 | 163.04 | 85.28 | -66.27 | -60.87 | -607.25 | 84.12 | 20.88 | 18.1 | 31.49 |
| 21Q4 (9) | -0.48 | -433.33 | -77.78 | -3.19 | -395.37 | -47.0 | -13.09 | -72.24 | 37.84 | -14.95 | -443.64 | -76.51 | -14.95 | -443.64 | -68.36 | -6.75 | -457.85 | -69.6 | -2.05 | -754.17 | -64.0 | 0.15 | 0.0 | -6.25 | -5.54 | -186.97 | -349.55 | 213.65 | 11.73 | 30.86 | 88.00 | -67.22 | -64.93 | 12.00 | 106.91 | 108.05 | 17.68 | 9.61 | 17.95 |
| 21Q3 (8) | -0.09 | -550.0 | -250.0 | 1.08 | -74.47 | -79.35 | -7.60 | -60.68 | -281.91 | -2.75 | -639.22 | -265.66 | -2.75 | -639.22 | -265.66 | -1.21 | -676.19 | -227.37 | -0.24 | -192.31 | -146.15 | 0.15 | 7.14 | -25.0 | 6.37 | -38.57 | -49.92 | 191.22 | 0.71 | -1.19 | 268.42 | 125.98 | 314.74 | -173.68 | -115.33 | -177.19 | 16.13 | -2.54 | 33.64 |
| 21Q2 (7) | 0.02 | 166.67 | 102.22 | 4.23 | 11.02 | 649.35 | -4.73 | -1.72 | 84.67 | 0.51 | 157.3 | 101.88 | 0.51 | 157.3 | 101.88 | 0.21 | 158.33 | 101.53 | 0.26 | 766.67 | 105.15 | 0.14 | -6.67 | -26.32 | 10.37 | 15.61 | 168.4 | 189.87 | -0.16 | 8.49 | -1033.33 | -313.79 | -1006.6 | 1133.33 | 395.65 | 8207.69 | 16.55 | 4.22 | 0 |
| 21Q1 (6) | -0.03 | 88.89 | 90.32 | 3.81 | 275.58 | 153.81 | -4.65 | 77.92 | 76.01 | -0.89 | 89.49 | 94.36 | -0.89 | 89.98 | 94.36 | -0.36 | 90.95 | 91.57 | 0.03 | 102.4 | 102.01 | 0.15 | -6.25 | 36.36 | 8.97 | 304.05 | 89.64 | 190.17 | 16.48 | 26.2 | 483.33 | 92.61 | 290.38 | -383.33 | -157.17 | -1625.0 | 15.88 | 5.94 | -22.76 |
| 20Q4 (5) | -0.27 | -550.0 | -58.82 | -2.17 | -141.49 | -213.02 | -21.06 | -958.29 | -312.13 | -8.47 | -610.24 | -74.64 | -8.88 | -634.94 | -81.6 | -3.98 | -518.95 | -70.82 | -1.25 | -340.38 | -71.23 | 0.16 | -20.0 | -15.79 | 2.22 | -82.55 | -67.45 | 163.27 | -15.63 | 4.67 | 250.94 | 300.75 | 144.16 | -149.06 | -166.25 | -2583.02 | 14.99 | 24.19 | 33.36 |
| 20Q3 (4) | 0.06 | 106.67 | 0.0 | 5.23 | 779.22 | 0.0 | -1.99 | 93.55 | 0.0 | 1.66 | 106.12 | 0.0 | 1.66 | 106.12 | 0.0 | 0.95 | 106.94 | 0.0 | 0.52 | 110.3 | 0.0 | 0.20 | 5.26 | 0.0 | 12.72 | 183.91 | 0.0 | 193.52 | 10.58 | 0.0 | -125.00 | -209.67 | 0.0 | 225.00 | 1709.62 | 0.0 | 12.07 | 0 | 0.0 |
| 20Q2 (3) | -0.90 | -190.32 | 0.0 | -0.77 | 89.12 | 0.0 | -30.86 | -59.24 | 0.0 | -27.12 | -71.86 | 0.0 | -27.12 | -71.86 | 0.0 | -13.69 | -220.61 | 0.0 | -5.05 | -238.93 | 0.0 | 0.19 | 72.73 | 0.0 | -15.16 | -420.51 | 0.0 | 175.01 | 16.14 | 0.0 | 113.98 | -7.94 | 0.0 | -13.98 | 37.1 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.31 | -82.35 | 0.0 | -7.08 | -468.75 | 0.0 | -19.38 | -279.26 | 0.0 | -15.78 | -225.36 | 0.0 | -15.78 | -222.7 | 0.0 | -4.27 | -83.26 | 0.0 | -1.49 | -104.11 | 0.0 | 0.11 | -42.11 | 0.0 | 4.73 | -30.65 | 0.0 | 150.69 | -3.4 | 0.0 | 123.81 | 20.46 | 0.0 | -22.22 | -300.0 | 0.0 | 20.56 | 82.92 | 0.0 |
| 19Q4 (1) | -0.17 | 0.0 | 0.0 | 1.92 | 0.0 | 0.0 | -5.11 | 0.0 | 0.0 | -4.85 | 0.0 | 0.0 | -4.89 | 0.0 | 0.0 | -2.33 | 0.0 | 0.0 | -0.73 | 0.0 | 0.0 | 0.19 | 0.0 | 0.0 | 6.82 | 0.0 | 0.0 | 155.99 | 0.0 | 0.0 | 102.78 | 0.0 | 0.0 | -5.56 | 0.0 | 0.0 | 11.24 | 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) | -0.82 | 0 | 3.37 | 0 | -10.72 | 0 | 7.21 | -10.18 | -6.34 | 0 | -6.34 | 0 | -8.28 | 0 | -1.83 | 0 | 0.44 | -20.0 | 3.66 | 0 | 200.20 | 2.61 | 168.64 | 34.24 | -68.64 | 0 | 0.05 | 6.39 | 19.96 | -16.06 |
| 2022 (9) | -1.45 | 0 | -5.02 | 0 | -16.34 | 0 | 8.02 | 1.34 | -12.99 | 0 | -12.99 | 0 | -21.68 | 0 | -6.31 | 0 | 0.55 | -9.84 | -2.92 | 0 | 195.11 | -8.68 | 125.63 | -23.22 | -25.95 | 0 | 0.05 | -58.8 | 23.78 | 43.51 |
| 2021 (8) | -0.59 | 0 | 1.42 | 0 | -7.59 | 0 | 7.92 | -29.22 | -4.62 | 0 | -4.62 | 0 | -8.13 | 0 | -2.10 | 0 | 0.61 | -1.61 | 4.93 | 447.78 | 213.65 | 30.86 | 163.64 | 8.97 | -64.46 | 0 | 0.11 | -35.68 | 16.57 | 15.79 |
| 2020 (7) | -1.42 | 0 | -0.37 | 0 | -17.83 | 0 | 11.19 | 4.11 | -11.87 | 0 | -11.97 | 0 | -19.19 | 0 | -6.70 | 0 | 0.62 | -3.13 | 0.90 | -91.17 | 163.27 | 4.67 | 150.17 | -57.9 | -50.17 | 0 | 0.17 | 571.98 | 14.31 | 18.07 |
| 2019 (6) | -0.29 | 0 | -0.60 | 0 | -7.46 | 0 | 10.75 | 76.47 | -2.09 | 0 | -2.11 | 0 | -3.82 | 0 | -0.60 | 0 | 0.64 | -20.0 | 10.19 | 128.48 | 155.99 | -25.71 | 356.67 | 130.67 | -256.67 | 0 | 0.03 | 31.17 | 12.12 | 14.34 |
| 2018 (5) | -0.64 | 0 | 2.02 | 0 | -4.40 | 0 | 6.09 | -39.52 | -2.86 | 0 | -2.99 | 0 | -7.82 | 0 | -1.66 | 0 | 0.80 | 26.98 | 4.46 | -62.83 | 209.97 | -15.36 | 154.62 | 0 | -53.78 | 0 | 0.02 | -47.34 | 10.60 | -46.79 |
| 2017 (4) | 0.11 | 0 | -4.21 | 0 | -13.92 | 0 | 10.07 | -69.83 | 0.45 | 0 | 0.54 | 0 | 1.40 | 0 | 1.05 | 0 | 0.63 | 133.33 | 12.00 | -51.96 | 248.08 | -35.8 | -3156.25 | 0 | 3256.25 | 0 | 0.04 | 0 | 19.92 | -49.57 |
| 2016 (3) | -2.66 | 0 | -41.85 | 0 | -60.60 | 0 | 33.37 | 51.64 | -18.17 | 0 | -18.20 | 0 | -31.25 | 0 | -3.29 | 0 | 0.27 | -25.0 | 24.98 | 0 | 386.41 | -38.58 | 333.76 | 499.64 | -233.76 | 0 | 0.00 | 0 | 39.50 | -7.97 |
| 2015 (2) | -19.10 | 0 | -32.21 | 0 | -51.00 | 0 | 22.01 | 29.37 | -91.62 | 0 | -91.58 | 0 | -116.92 | 0 | -31.22 | 0 | 0.36 | -16.28 | -62.76 | 0 | 629.08 | 279.67 | 55.66 | -20.36 | 44.34 | 47.25 | 0.00 | 0 | 42.92 | 35.87 |
| 2014 (1) | -7.93 | 0 | -2.76 | 0 | -19.23 | 0 | 17.01 | 47.1 | -27.52 | 0 | -27.47 | 0 | -26.85 | 0 | -10.38 | 0 | 0.43 | -18.87 | -5.52 | 0 | 165.69 | 70.32 | 69.89 | -29.88 | 30.11 | 9249.31 | 0.00 | 0 | 31.59 | 20.53 |
