- 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 | -20.0 | 0 | 13.31 | -3.34 | -0.45 | -10.76 | 28.74 | 3.58 | -9.29 | 21.0 | -330.09 | -9.76 | 18.94 | -261.48 | -1.52 | -2.7 | -334.29 | -1.16 | 0.0 | -364.0 | 0.12 | 20.0 | 9.09 | -5.31 | 26.35 | -387.03 | 26.23 | 6.67 | 28.77 | 118.42 | -7.63 | -77.44 | -15.79 | 44.02 | 96.28 | 14.41 | -9.2 | -8.22 |
| 24Q2 (19) | -0.15 | 59.46 | -850.0 | 13.77 | 42.25 | -2.82 | -15.10 | 19.29 | -99.74 | -11.76 | -6.33 | -327.64 | -12.04 | -0.67 | -261.56 | -1.48 | -2.07 | -221.74 | -1.16 | -0.87 | -241.18 | 0.10 | 0.0 | -16.67 | -7.21 | -13.36 | -1061.33 | 24.59 | 18.51 | 18.79 | 128.21 | -23.49 | -52.99 | -28.21 | 58.26 | 83.67 | 15.87 | -6.81 | 24.67 |
| 24Q1 (18) | -0.37 | 76.58 | 0.0 | 9.68 | -11.19 | 33.15 | -18.71 | 19.04 | -34.03 | -11.06 | 76.74 | 14.46 | -11.96 | 76.17 | -0.93 | -1.45 | 72.06 | 4.61 | -1.15 | 73.07 | 8.0 | 0.10 | 11.11 | -9.09 | -6.36 | 84.95 | 31.83 | 20.75 | 2.72 | 8.36 | 167.57 | 247.64 | 57.9 | -67.57 | -232.28 | -727.7 | 17.03 | 13.38 | 20.95 |
| 23Q4 (17) | -1.58 | 0 | -444.83 | 10.90 | -18.47 | -0.18 | -23.11 | -107.08 | -98.54 | -47.54 | -2100.93 | -299.83 | -50.19 | -1758.89 | -323.9 | -5.19 | -1382.86 | -270.71 | -4.27 | -1608.0 | -274.56 | 0.09 | -18.18 | -10.0 | -42.27 | -2384.86 | -411.74 | 20.20 | -0.83 | 7.39 | 48.20 | -90.82 | -50.62 | 51.08 | 112.02 | 2045.32 | 15.02 | -4.33 | 88.93 |
| 23Q3 (16) | 0.00 | -100.0 | 100.0 | 13.37 | -5.65 | 29.68 | -11.16 | -47.62 | -26.67 | -2.16 | 21.45 | 39.83 | -2.70 | 18.92 | 30.77 | -0.35 | 23.91 | 35.19 | -0.25 | 26.47 | 41.86 | 0.11 | -8.33 | -8.33 | 1.85 | 146.67 | 485.42 | 20.37 | -1.59 | 3.93 | 525.00 | 92.5 | 118.75 | -425.00 | -146.05 | -189.77 | 15.70 | 23.33 | 25.6 |
| 23Q2 (15) | 0.02 | 105.41 | 0.0 | 14.17 | 94.91 | 25.96 | -7.56 | 45.85 | -132.62 | -2.75 | 78.73 | -152.29 | -3.33 | 71.9 | -105.56 | -0.46 | 69.74 | -64.29 | -0.34 | 72.8 | -70.0 | 0.12 | 9.09 | -14.29 | 0.75 | 108.04 | -45.65 | 20.70 | 8.09 | 4.97 | 272.73 | 156.99 | -3.74 | -172.73 | -2015.91 | 5.79 | 12.73 | -9.59 | 48.71 |
| 23Q1 (14) | -0.37 | -27.59 | -248.0 | 7.27 | -33.42 | -45.46 | -13.96 | -19.93 | -3590.0 | -12.93 | -8.75 | -733.82 | -11.85 | -0.08 | -900.68 | -1.52 | -8.57 | -624.14 | -1.25 | -9.65 | -580.77 | 0.11 | 10.0 | -31.25 | -9.33 | -12.95 | -324.82 | 19.15 | 1.81 | -2.64 | 106.12 | 8.71 | 536.73 | -8.16 | -442.86 | -110.88 | 14.08 | 77.11 | 65.45 |
| 22Q4 (13) | -0.29 | -81.25 | -462.5 | 10.92 | 5.92 | -13.95 | -11.64 | -32.12 | -2228.0 | -11.89 | -231.2 | -1192.39 | -11.84 | -203.59 | -862.6 | -1.40 | -159.26 | -438.46 | -1.14 | -165.12 | -612.5 | 0.10 | -16.67 | -41.18 | -8.26 | -1620.83 | -673.61 | 18.81 | -4.03 | -4.27 | 97.62 | -59.33 | 95.24 | 2.38 | 101.62 | -95.24 | 7.95 | -36.4 | 44.81 |
| 22Q3 (12) | -0.16 | -900.0 | -633.33 | 10.31 | -8.36 | -20.57 | -8.81 | -171.08 | -1074.67 | -3.59 | -229.36 | -97.25 | -3.90 | -140.74 | -73.33 | -0.54 | -92.86 | -14.89 | -0.43 | -115.0 | -65.38 | 0.12 | -14.29 | -20.0 | -0.48 | -134.78 | -169.57 | 19.60 | -0.61 | -41.99 | 240.00 | -15.29 | 560.0 | -146.67 | 20.0 | -368.89 | 12.50 | 46.03 | 59.44 |
| 22Q2 (11) | 0.02 | -92.0 | 105.41 | 11.25 | -15.6 | -11.14 | -3.25 | -912.5 | 37.26 | -1.09 | -153.43 | 80.29 | -1.62 | -209.46 | 71.43 | -0.28 | -196.55 | 78.79 | -0.20 | -176.92 | 74.36 | 0.14 | -12.5 | -6.67 | 1.38 | -66.75 | 169.7 | 19.72 | 0.25 | -55.22 | 283.33 | 1600.0 | 196.83 | -183.33 | -344.44 | -4133.33 | 8.56 | 0.59 | 5.81 |
| 22Q1 (10) | 0.25 | 212.5 | 247.06 | 13.33 | 5.04 | -9.44 | 0.40 | 180.0 | 121.28 | 2.04 | 321.74 | 259.38 | 1.48 | 220.33 | 161.41 | 0.29 | 211.54 | 127.1 | 0.26 | 262.5 | 146.43 | 0.16 | -5.88 | -38.46 | 4.15 | 188.19 | 109.6 | 19.67 | 0.1 | -72.72 | 16.67 | -66.67 | -89.58 | 75.00 | 50.0 | 287.5 | 8.51 | 55.01 | -5.23 |
| 21Q4 (9) | 0.08 | 166.67 | 117.39 | 12.69 | -2.23 | 7.91 | -0.50 | 33.33 | 93.32 | -0.92 | 49.45 | 89.86 | -1.23 | 45.33 | 84.98 | -0.26 | 44.68 | 90.97 | -0.16 | 38.46 | 90.53 | 0.17 | 13.33 | -22.73 | 1.44 | 108.7 | 124.87 | 19.65 | -41.85 | -69.05 | 50.00 | 37.5 | -40.0 | 50.00 | -8.33 | 200.0 | 5.49 | -29.97 | -41.9 |
| 21Q3 (8) | 0.03 | 108.11 | 110.0 | 12.98 | 2.53 | 19.52 | -0.75 | 85.52 | 84.97 | -1.82 | 67.09 | 66.73 | -2.25 | 60.32 | 50.98 | -0.47 | 64.39 | 74.18 | -0.26 | 66.67 | 75.24 | 0.15 | 0.0 | -40.0 | 0.69 | 134.85 | 126.34 | 33.79 | -23.27 | -44.45 | 36.36 | -61.9 | -59.81 | 54.55 | 1100.0 | 472.73 | 7.84 | -3.09 | -6.89 |
| 21Q2 (7) | -0.37 | -117.65 | -60.87 | 12.66 | -13.99 | 14.47 | -5.18 | -175.53 | -99.23 | -5.53 | -332.03 | -65.57 | -5.67 | -135.27 | -104.69 | -1.32 | -23.36 | 0.0 | -0.78 | -39.29 | -2.63 | 0.15 | -42.31 | -50.0 | -1.98 | -200.0 | -83.33 | 44.04 | -38.92 | -29.79 | 95.45 | -40.34 | 27.27 | 4.55 | 111.36 | -75.76 | 8.09 | -9.91 | 0 |
| 21Q1 (6) | -0.17 | 63.04 | 60.47 | 14.72 | 25.17 | 50.67 | -1.88 | 74.87 | 69.33 | -1.28 | 85.89 | 80.28 | -2.41 | 70.57 | 61.69 | -1.07 | 62.85 | 57.87 | -0.56 | 66.86 | 64.78 | 0.26 | 18.18 | 0.0 | 1.98 | 134.2 | 152.94 | 72.10 | 13.58 | 29.35 | 160.00 | 92.0 | 66.4 | -40.00 | -340.0 | -1140.0 | 8.98 | -4.97 | 0 |
| 20Q4 (5) | -0.46 | -53.33 | -48.39 | 11.76 | 8.29 | 23.92 | -7.48 | -49.9 | 7.43 | -9.07 | -65.81 | -3.07 | -8.19 | -78.43 | -61.86 | -2.88 | -58.24 | -61.8 | -1.69 | -60.95 | -49.56 | 0.22 | -12.0 | -8.33 | -5.79 | -120.99 | 1.86 | 63.48 | 4.36 | 27.21 | 83.33 | -7.89 | -10.92 | 16.67 | 75.0 | 72.22 | 9.45 | 12.23 | 7.39 |
| 20Q3 (4) | -0.30 | -30.43 | 0.0 | 10.86 | -1.81 | 0.0 | -4.99 | -91.92 | 0.0 | -5.47 | -63.77 | 0.0 | -4.59 | -65.7 | 0.0 | -1.82 | -37.88 | 0.0 | -1.05 | -38.16 | 0.0 | 0.25 | -16.67 | 0.0 | -2.62 | -142.59 | 0.0 | 60.83 | -3.03 | 0.0 | 90.48 | 20.63 | 0.0 | 9.52 | -49.21 | 0.0 | 8.42 | 0 | 0.0 |
| 20Q2 (3) | -0.23 | 46.51 | 0.0 | 11.06 | 13.2 | 0.0 | -2.60 | 57.59 | 0.0 | -3.34 | 48.54 | 0.0 | -2.77 | 55.96 | 0.0 | -1.32 | 48.03 | 0.0 | -0.76 | 52.2 | 0.0 | 0.30 | 15.38 | 0.0 | -1.08 | 71.12 | 0.0 | 62.73 | 12.54 | 0.0 | 75.00 | -22.0 | 0.0 | 18.75 | 387.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.43 | -38.71 | 0.0 | 9.77 | 2.95 | 0.0 | -6.13 | 24.13 | 0.0 | -6.49 | 26.25 | 0.0 | -6.29 | -24.31 | 0.0 | -2.54 | -42.7 | 0.0 | -1.59 | -40.71 | 0.0 | 0.26 | 8.33 | 0.0 | -3.74 | 36.61 | 0.0 | 55.74 | 11.7 | 0.0 | 96.15 | 2.79 | 0.0 | 3.85 | -60.26 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.31 | 0.0 | 0.0 | 9.49 | 0.0 | 0.0 | -8.08 | 0.0 | 0.0 | -8.80 | 0.0 | 0.0 | -5.06 | 0.0 | 0.0 | -1.78 | 0.0 | 0.0 | -1.13 | 0.0 | 0.0 | 0.24 | 0.0 | 0.0 | -5.90 | 0.0 | 0.0 | 49.90 | 0.0 | 0.0 | 93.55 | 0.0 | 0.0 | 9.68 | 0.0 | 0.0 | 8.80 | 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) | -1.94 | 0 | 11.51 | -1.03 | -13.30 | 0 | 2.97 | 44.93 | -14.26 | 0 | -14.82 | 0 | -7.55 | 0 | -6.15 | 0 | 0.43 | -18.87 | -10.24 | 0 | 20.20 | 7.39 | 93.20 | -49.35 | 6.80 | 0 | 6.03 | -19.62 | 14.32 | 53.81 |
| 2022 (9) | -0.17 | 0 | 11.63 | -11.69 | -4.94 | 0 | 2.05 | 8.64 | -2.71 | 0 | -3.09 | 0 | -1.94 | 0 | -1.52 | 0 | 0.53 | -33.75 | 0.05 | -92.31 | 18.81 | -4.27 | 184.00 | 124.89 | -82.00 | 0 | 7.50 | -1.74 | 9.31 | 25.98 |
| 2021 (8) | -0.40 | 0 | 13.17 | 21.61 | -1.79 | 0 | 1.89 | -19.55 | -2.18 | 0 | -2.65 | 0 | -2.76 | 0 | -1.80 | 0 | 0.80 | -23.81 | 0.65 | 0 | 19.65 | -69.05 | 81.82 | -5.91 | 18.18 | 39.39 | 7.63 | -58.94 | 7.39 | -13.16 |
| 2020 (7) | -1.42 | 0 | 10.83 | 7.98 | -5.09 | 0 | 2.35 | -2.43 | -5.85 | 0 | -5.23 | 0 | -8.60 | 0 | -5.19 | 0 | 1.05 | 5.0 | -3.11 | 0 | 63.48 | 27.21 | 86.96 | -10.79 | 13.04 | 417.39 | 18.58 | 8.05 | 8.51 | -12.0 |
| 2019 (6) | -1.60 | 0 | 10.03 | -2.34 | -8.19 | 0 | 2.41 | 485.52 | -8.41 | 0 | -6.56 | 0 | -8.93 | 0 | -6.32 | 0 | 1.00 | -28.57 | -5.66 | 0 | 49.90 | 125.18 | 97.48 | -21.54 | 2.52 | 0 | 17.20 | 64.57 | 9.67 | 14.03 |
| 2018 (5) | -1.01 | 0 | 10.27 | -9.44 | -5.59 | 0 | 0.41 | -2.12 | -4.49 | 0 | -3.95 | 0 | -6.91 | 0 | -5.52 | 0 | 1.40 | -22.22 | -4.04 | 0 | 22.16 | -26.26 | 124.24 | -9.64 | -24.24 | 0 | 10.45 | 0 | 8.48 | 44.96 |
| 2017 (4) | 0.12 | 0 | 11.34 | 29.9 | 0.80 | 0 | 0.42 | 39.65 | 0.56 | 0 | 0.36 | 0 | 0.98 | 0 | 0.73 | 0 | 1.80 | -0.55 | 1.05 | 0 | 30.05 | -59.92 | 137.50 | 62.05 | -37.50 | 0 | 0.00 | 0 | 5.85 | -20.73 |
| 2016 (3) | -1.40 | 0 | 8.73 | -4.59 | -3.38 | 0 | 0.30 | 115.77 | -3.95 | 0 | -3.38 | 0 | -11.39 | 0 | -5.81 | 0 | 1.81 | -18.83 | -3.13 | 0 | 74.97 | -22.65 | 84.85 | 0 | 15.15 | -91.84 | 0.00 | 0 | 7.38 | 31.08 |
| 2015 (2) | 0.05 | -91.67 | 9.15 | -11.51 | -0.27 | 0 | 0.14 | -5.11 | 0.32 | -61.9 | 0.08 | -90.91 | 0.42 | -93.07 | 0.51 | -81.25 | 2.23 | -10.8 | 0.74 | -41.73 | 96.92 | -47.48 | -85.71 | 0 | 185.71 | 3057.14 | 0.00 | 0 | 5.63 | 0.72 |
| 2014 (1) | 0.60 | 200.0 | 10.34 | 0 | 0.77 | 0 | 0.15 | -21.88 | 0.84 | 0 | 0.88 | 0 | 6.06 | 0 | 2.72 | 0 | 2.50 | -7.06 | 1.27 | 49.41 | 184.55 | 13.59 | 94.12 | 119.61 | 5.88 | -89.71 | 0.00 | 0 | 5.59 | -4.44 |
