- 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) | -0.10 | 58.33 | -25.0 | 1.57 | 129.29 | -86.81 | -123.72 | 3.35 | -141.45 | -232.57 | 38.85 | -417.05 | -232.57 | 38.85 | -417.05 | -1.06 | 56.56 | -4.95 | -0.72 | 64.18 | -2.86 | 0.00 | -100.0 | -100.0 | -187.50 | 45.72 | -532.8 | 57.60 | 181.25 | 153.86 | 50.00 | 46.43 | -57.14 | 44.44 | -32.51 | 366.67 | 94.21 | 34.93 | 111.61 |
| 24Q2 (19) | -0.24 | -115.09 | -60.0 | -5.36 | 14.51 | 0 | -128.01 | -16.68 | 99.98 | -380.32 | -117.63 | 99.94 | -380.32 | -117.63 | 99.94 | -2.44 | -114.24 | -31.89 | -2.01 | -113.84 | -52.27 | 0.01 | 0.0 | 0 | -345.45 | -115.3 | 0 | 20.48 | 21.26 | -32.65 | 34.15 | 753.66 | -59.45 | 65.85 | -37.42 | 317.07 | 69.82 | 5.06 | -99.98 |
| 24Q1 (18) | 1.59 | 1035.71 | 1490.0 | -6.27 | -260.34 | -2339.29 | -109.71 | 7.51 | 90.44 | 2157.11 | 2010.26 | 99.29 | 2157.11 | 2106.09 | 99.29 | 17.13 | 1327.5 | 1389.57 | 14.52 | 1257.01 | 1588.37 | 0.01 | 0.0 | 0 | 2258.33 | 1728.16 | 41.15 | 16.89 | -15.89 | -38.29 | -5.22 | 95.3 | 94.78 | 105.22 | -50.16 | -47.39 | 66.46 | -36.51 | -91.6 |
| 23Q4 (17) | 0.14 | 275.0 | 136.84 | -1.74 | -114.62 | -769.23 | -118.62 | -131.5 | 72.29 | 102.22 | 327.26 | 106.21 | 97.78 | 317.39 | 105.94 | 1.20 | 218.81 | 127.52 | 1.07 | 252.86 | 142.63 | 0.01 | -50.0 | 0 | 123.53 | 516.91 | 109.04 | 20.08 | -11.5 | -74.45 | -111.11 | -195.24 | -516.67 | 211.11 | 1366.67 | 187.88 | 104.68 | 135.13 | -20.46 |
| 23Q3 (16) | -0.08 | 46.67 | 80.95 | 11.90 | 0 | 4858.33 | -51.24 | 99.99 | 87.07 | -44.98 | 99.99 | 97.77 | -44.98 | 99.99 | 97.77 | -1.01 | 45.41 | 78.33 | -0.70 | 46.97 | 78.12 | 0.02 | 0 | 0 | -29.63 | 0 | 98.71 | 22.69 | -25.39 | -57.25 | 116.67 | 38.54 | 483.33 | -16.67 | -205.56 | -120.83 | 44.52 | -99.98 | -90.13 |
| 23Q2 (15) | -0.15 | -250.0 | 71.15 | 0.00 | -100.0 | -100.0 | -517333.00 | -44970.92 | -103880.26 | -624433.00 | -57790.2 | -19690.54 | -624433.00 | -57790.2 | -19690.54 | -1.85 | -260.87 | 65.87 | -1.32 | -253.49 | 72.03 | 0.00 | 0 | 0 | 0.00 | -100.0 | 100.0 | 30.41 | 11.11 | 7.23 | 84.21 | 184.21 | 413.68 | 15.79 | -92.11 | -81.48 | 287133.00 | 36190.82 | 90799.39 |
| 23Q1 (14) | 0.10 | 126.32 | 166.67 | 0.28 | 7.69 | 21.74 | -1147.82 | -168.13 | -123.65 | 1082.39 | 165.79 | 211.28 | 1082.39 | 165.78 | 211.28 | 1.15 | 126.38 | 177.7 | 0.86 | 134.26 | 158.9 | 0.00 | 0 | 0 | 1600.00 | 217.07 | 300.0 | 27.37 | -65.17 | 4386.89 | -100.00 | -475.0 | -288.89 | 200.00 | 172.73 | 325.0 | 791.20 | 501.17 | 156.94 |
| 22Q4 (13) | -0.38 | 9.52 | -138.38 | 0.26 | 8.33 | 36.84 | -428.09 | -8.05 | 35.99 | -1645.32 | 18.51 | -134.8 | -1645.43 | 18.5 | -134.8 | -4.36 | 6.44 | -145.8 | -2.51 | 21.56 | -126.7 | 0.00 | 0 | 0 | -1366.67 | 40.58 | -127.33 | 78.58 | 48.07 | 5991.47 | 26.67 | 33.33 | 288.57 | 73.33 | -8.33 | -35.75 | 131.61 | -70.82 | -76.37 |
| 22Q3 (12) | -0.42 | 19.23 | -121.05 | 0.24 | 14.29 | -96.69 | -396.21 | 20.36 | -1539.26 | -2018.97 | 36.01 | -3210.87 | -2018.97 | 36.01 | -2381.83 | -4.66 | 14.02 | -128.43 | -3.20 | 32.2 | -58.42 | 0.00 | 0 | -100.0 | -2300.00 | 22.03 | -4308.66 | 53.07 | 87.13 | 4555.26 | 20.00 | 22.0 | -44.0 | 80.00 | -6.15 | 40.0 | 451.05 | 42.79 | 3185.14 |
| 22Q2 (11) | -0.52 | -246.67 | -550.0 | 0.21 | -8.7 | -95.67 | -497.53 | 3.06 | -6858.46 | -3155.21 | -224.39 | -15875.75 | -3155.21 | -224.39 | -18096.14 | -5.42 | -266.22 | -530.23 | -4.72 | -223.29 | -448.84 | 0.00 | 0 | -100.0 | -2950.00 | -268.75 | -16863.77 | 28.36 | 4549.18 | 2949.46 | 16.39 | -69.03 | -50.82 | 85.25 | 81.15 | 27.87 | 315.88 | 2.58 | 5403.14 |
| 22Q1 (10) | -0.15 | -115.15 | 50.0 | 0.23 | 21.05 | 101.25 | -513.22 | 23.26 | -44.92 | -972.65 | -120.57 | 51.64 | -972.65 | -120.57 | 53.12 | -1.48 | -115.55 | 53.75 | -1.46 | -115.53 | 54.23 | 0.00 | 0 | 0 | -800.00 | -116.0 | 71.43 | 0.61 | -52.71 | -7.58 | 52.94 | 474.37 | 207.06 | 47.06 | -58.77 | -43.14 | 307.93 | -44.71 | 89.0 |
| 21Q4 (9) | 0.99 | 621.05 | 807.14 | 0.19 | -97.38 | 104.88 | -668.81 | -2667.11 | -845.58 | 4727.98 | 7853.33 | 2647.4 | 4728.37 | 5912.38 | 3101.95 | 9.52 | 566.67 | 810.45 | 9.40 | 565.35 | 806.77 | 0.00 | -100.0 | -100.0 | 5000.00 | 9684.05 | 2957.14 | 1.29 | 13.16 | 230.77 | -14.14 | -139.6 | -135.35 | 114.14 | 99.75 | 90.24 | 556.92 | 3956.23 | 1613.6 |
| 21Q3 (8) | -0.19 | -137.5 | -216.67 | 7.24 | 49.28 | 1416.36 | -24.17 | -238.04 | 21.22 | -60.98 | -208.76 | -55.09 | -81.35 | -369.15 | -126.85 | -2.04 | -137.21 | -209.09 | -2.02 | -134.88 | -210.77 | 0.02 | -60.0 | 0.0 | -52.17 | -200.0 | -56.53 | 1.14 | 22.58 | 93.22 | 35.71 | 7.14 | -50.0 | 57.14 | -14.29 | 100.0 | 13.73 | 139.2 | 32.15 |
| 21Q2 (7) | -0.08 | 73.33 | 20.0 | 4.85 | 126.46 | 330.95 | -7.15 | 97.98 | 69.3 | -19.75 | 99.02 | 47.85 | -17.34 | 99.16 | 48.92 | -0.86 | 73.12 | 16.5 | -0.86 | 73.04 | 16.5 | 0.05 | 0 | 66.67 | -17.39 | 99.38 | 47.82 | 0.93 | 40.91 | 93.75 | 33.33 | 93.33 | -44.44 | 66.67 | -19.44 | 66.67 | 5.74 | -96.48 | 0 |
| 21Q1 (6) | -0.30 | -114.29 | 0 | -18.33 | -371.21 | -346.7 | -354.15 | -400.71 | -1730.23 | -2011.07 | -983.55 | -52471.61 | -2074.76 | -1217.22 | -902169.57 | -3.20 | -138.81 | -32100.0 | -3.19 | -139.85 | -32000.0 | 0.00 | -100.0 | -100.0 | -2800.00 | -1500.0 | -53331.94 | 0.66 | 69.23 | -28.26 | 17.24 | -56.9 | 104.31 | 82.76 | 37.93 | -79.31 | 162.93 | 401.32 | 0 |
| 20Q4 (5) | -0.14 | -133.33 | -240.0 | -3.89 | -607.27 | -253.15 | -70.73 | -130.54 | -889.23 | -185.60 | -372.02 | -4179.12 | -157.51 | -339.24 | -1790.02 | -1.34 | -103.03 | -228.85 | -1.33 | -104.62 | -235.71 | 0.01 | -50.0 | -90.0 | -175.00 | -425.05 | -3322.84 | 0.39 | -33.9 | -81.07 | 40.00 | -44.0 | 122.86 | 60.00 | 110.0 | -78.18 | 32.50 | 212.8 | 577.08 |
| 20Q3 (4) | -0.06 | 40.0 | 0.0 | -0.55 | 73.81 | 0.0 | -30.68 | -31.73 | 0.0 | -39.32 | -3.83 | 0.0 | -35.86 | -5.63 | 0.0 | -0.66 | 35.92 | 0.0 | -0.65 | 36.89 | 0.0 | 0.02 | -33.33 | 0.0 | -33.33 | 0.0 | 0.0 | 0.59 | 22.92 | 0.0 | 71.43 | 19.05 | 0.0 | 28.57 | -28.57 | 0.0 | 10.39 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | 0 | 0.0 | -2.10 | -128.26 | 0.0 | -23.29 | -20.36 | 0.0 | -37.87 | -1086.2 | 0.0 | -33.95 | -14860.87 | 0.0 | -1.03 | -10400.0 | 0.0 | -1.03 | -10400.0 | 0.0 | 0.03 | 50.0 | 0.0 | -33.33 | -733.65 | 0.0 | 0.48 | -47.83 | 0.0 | 60.00 | 115.0 | 0.0 | 40.00 | -90.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.00 | -100.0 | 0.0 | 7.43 | 192.52 | 0.0 | -19.35 | -170.63 | 0.0 | 3.84 | -15.6 | 0.0 | 0.23 | -97.53 | 0.0 | 0.01 | -99.04 | 0.0 | 0.01 | -98.98 | 0.0 | 0.02 | -80.0 | 0.0 | 5.26 | -3.13 | 0.0 | 0.92 | -55.34 | 0.0 | -400.00 | -128.57 | 0.0 | 400.00 | 45.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.10 | 0.0 | 0.0 | 2.54 | 0.0 | 0.0 | -7.15 | 0.0 | 0.0 | 4.55 | 0.0 | 0.0 | 9.32 | 0.0 | 0.0 | 1.04 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 5.43 | 0.0 | 0.0 | 2.06 | 0.0 | 0.0 | -175.00 | 0.0 | 0.0 | 275.00 | 0.0 | 0.0 | 4.80 | 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) | 0.01 | 0 | 6.41 | 2570.83 | -137.81 | 0 | 11.11 | -83.33 | -3.41 | 0 | -5.10 | 0 | -0.19 | 0 | 0.22 | 0 | 0.03 | 200.0 | 28.89 | 0 | 20.08 | -74.45 | 3100.00 | 13307.5 | -3000.00 | 0 | 0.70 | -30.08 | 104.57 | -64.61 |
| 2022 (9) | -1.46 | 0 | 0.24 | -95.2 | -451.29 | 0 | 66.67 | 700.0 | -1943.43 | 0 | -1943.47 | 0 | -15.86 | 0 | -11.29 | 0 | 0.01 | -85.71 | -1800.00 | 0 | 78.58 | 5991.47 | 23.12 | 0 | 76.88 | -51.82 | 1.00 | 0 | 295.52 | 977.36 |
| 2021 (8) | 0.42 | 0 | 5.00 | 719.67 | -38.72 | 0 | 8.33 | 20.0 | 65.03 | 0 | 58.85 | 0 | 3.97 | 0 | 3.94 | 0 | 0.07 | -12.5 | 73.61 | 0 | 1.29 | 230.77 | -59.57 | 0 | 159.57 | 410.64 | 0.00 | 0 | 27.43 | 96.77 |
| 2020 (7) | -0.30 | 0 | 0.61 | -78.67 | -29.39 | 0 | 6.94 | 342.71 | -43.78 | 0 | -39.25 | 0 | -3.19 | 0 | -3.15 | 0 | 0.08 | -73.33 | -37.50 | 0 | 0.39 | -81.07 | 65.62 | -56.25 | 31.25 | 0 | 0.00 | 0 | 13.94 | 121.62 |
| 2019 (6) | -0.14 | 0 | 2.86 | -74.05 | -9.26 | 0 | 1.57 | -6.27 | -6.25 | 0 | -4.75 | 0 | -1.45 | 0 | -1.34 | 0 | 0.30 | 20.0 | -4.31 | 0 | 2.06 | -49.01 | 150.00 | -73.72 | -50.00 | 0 | 0.00 | 0 | 6.29 | -83.02 |
| 2018 (5) | -0.33 | 0 | 11.02 | -35.63 | -57.25 | 0 | 1.67 | 452.86 | -9.89 | 0 | -11.59 | 0 | -3.20 | 0 | -2.94 | 0 | 0.25 | -72.22 | -7.95 | 0 | 4.04 | -69.74 | 570.83 | 1669.58 | -470.83 | 0 | 0.00 | 0 | 37.04 | 227.21 |
| 2017 (4) | -0.70 | 0 | 17.12 | 14.75 | -1.98 | 0 | 0.30 | -92.53 | -6.29 | 0 | -6.29 | 0 | -6.82 | 0 | -5.62 | 0 | 0.90 | -14.29 | -5.85 | 0 | 13.35 | -52.54 | 32.26 | -34.68 | 69.35 | 37.02 | 0.00 | 0 | 11.32 | -10.02 |
| 2016 (3) | -1.86 | 0 | 14.92 | 24.64 | -5.20 | 0 | 4.05 | -23.1 | -10.59 | 0 | -12.89 | 0 | -18.98 | 0 | -13.20 | 0 | 1.05 | 26.51 | -6.01 | 0 | 28.13 | -44.99 | 49.38 | 1.26 | 50.62 | -1.2 | 0.00 | 0 | 12.58 | -0.16 |
| 2015 (2) | -1.93 | 0 | 11.97 | 3.19 | -5.88 | 0 | 5.27 | -0.83 | -12.00 | 0 | -12.35 | 0 | -16.82 | 0 | -9.74 | 0 | 0.83 | 3.75 | -5.03 | 0 | 51.14 | -31.15 | 48.77 | -79.85 | 51.23 | 0 | 0.00 | 0 | 12.60 | -3.0 |
| 2014 (1) | -2.22 | 0 | 11.60 | 0 | -6.07 | 0 | 5.31 | -7.26 | -2.50 | 0 | -11.31 | 0 | -15.55 | 0 | -8.57 | 0 | 0.80 | -1.23 | 4.51 | -6.82 | 74.28 | 8.45 | 242.00 | 52.84 | -142.00 | 0 | 0.00 | 0 | 12.99 | -1.29 |
