- 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) | -0.37 | -76.19 | -150.68 | 13.30 | -12.44 | -38.37 | -7.23 | -74.22 | -197.57 | -6.32 | -119.44 | -156.18 | -6.38 | -102.54 | -172.42 | -2.84 | -77.5 | -149.05 | -1.18 | -90.32 | -142.6 | 0.20 | -13.04 | -35.48 | 0.72 | -79.19 | -95.36 | 106.13 | -18.57 | -13.95 | 113.64 | -19.35 | 73.9 | -13.64 | 70.0 | -140.51 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.21 | -10.53 | -520.0 | 15.19 | -4.65 | -12.6 | -4.15 | 29.54 | -103.43 | -2.88 | 2.7 | -256.52 | -3.15 | 6.25 | -435.11 | -1.60 | -14.29 | -490.24 | -0.62 | -10.71 | -300.0 | 0.23 | 21.05 | 0.0 | 3.46 | -14.99 | -64.37 | 130.33 | 14.82 | 22.21 | 140.91 | -29.55 | 229.17 | -45.45 | 54.55 | -121.74 | 25.07 | -8.17 | 5.78 |
| 24Q1 (18) | -0.19 | -111.11 | -58.33 | 15.93 | -23.49 | -4.72 | -5.89 | -603.42 | -1032.69 | -2.96 | -114.49 | -35.78 | -3.36 | -130.14 | -52.04 | -1.40 | -100.0 | -59.09 | -0.56 | -143.48 | -40.0 | 0.19 | -13.64 | -13.64 | 4.07 | -22.62 | -23.78 | 113.51 | -6.2 | 47.53 | 200.00 | 325.0 | 700.0 | -100.00 | -152.94 | -233.33 | 27.30 | 4.32 | 13.84 |
| 23Q4 (17) | -0.09 | -112.33 | -142.86 | 20.82 | -3.52 | -2.98 | 1.17 | -84.21 | -79.4 | -1.38 | -112.27 | -132.86 | -1.46 | -116.57 | -139.67 | -0.70 | -112.09 | -142.94 | -0.23 | -108.3 | -123.71 | 0.22 | -29.03 | -4.35 | 5.26 | -66.13 | -50.98 | 121.01 | -1.89 | 45.39 | -88.89 | -236.03 | -166.03 | 188.89 | 461.11 | 645.68 | 26.17 | 43.16 | 63.77 |
| 23Q3 (16) | 0.73 | 1360.0 | -12.05 | 21.58 | 24.17 | 8.33 | 7.41 | 463.24 | -14.73 | 11.25 | 511.41 | -18.48 | 8.81 | 837.23 | -18.35 | 5.79 | 1312.2 | -13.84 | 2.77 | 793.55 | -21.97 | 0.31 | 34.78 | -3.13 | 15.53 | 59.94 | -13.72 | 123.34 | 15.66 | 32.92 | 65.35 | 159.9 | 4.0 | 33.66 | -83.9 | -9.43 | 18.28 | -22.87 | -7.44 |
| 23Q2 (15) | 0.05 | 141.67 | -58.33 | 17.38 | 3.95 | -1.86 | -2.04 | -292.31 | -217.92 | 1.84 | 184.4 | -47.43 | 0.94 | 142.53 | -59.13 | 0.41 | 146.59 | -58.59 | 0.31 | 177.5 | -47.46 | 0.23 | 4.55 | 0.0 | 9.71 | 81.84 | -9.25 | 106.64 | 38.6 | 13.7 | -109.09 | -536.36 | -318.18 | 209.09 | 178.79 | 318.18 | 23.70 | -1.17 | -17.16 |
| 23Q1 (14) | -0.12 | -157.14 | -141.38 | 16.72 | -22.09 | 8.01 | -0.52 | -109.15 | -122.61 | -2.18 | -151.9 | -144.13 | -2.21 | -160.05 | -154.43 | -0.88 | -153.99 | -136.07 | -0.40 | -141.24 | -131.01 | 0.22 | -4.35 | -26.67 | 5.34 | -50.23 | -46.06 | 76.94 | -7.56 | -13.93 | 25.00 | -81.43 | -47.22 | 75.00 | 316.67 | 42.5 | 23.98 | 50.06 | 2.35 |
| 22Q4 (13) | 0.21 | -74.7 | -85.0 | 21.46 | 7.73 | 14.82 | 5.68 | -34.64 | -6.58 | 4.20 | -69.57 | -71.01 | 3.68 | -65.89 | -72.78 | 1.63 | -75.74 | -86.38 | 0.97 | -72.68 | -81.66 | 0.23 | -28.12 | -41.03 | 10.73 | -40.39 | -39.28 | 83.23 | -10.3 | -24.88 | 134.62 | 114.25 | 223.08 | -34.62 | -193.13 | -160.0 | 15.98 | -19.09 | -22.09 |
| 22Q3 (12) | 0.83 | 591.67 | 137.14 | 19.92 | 12.48 | 10.67 | 8.69 | 402.31 | 50.87 | 13.80 | 294.29 | 178.23 | 10.79 | 369.13 | 165.76 | 6.72 | 578.79 | 83.11 | 3.55 | 501.69 | 126.11 | 0.32 | 39.13 | -13.51 | 18.00 | 68.22 | 118.18 | 92.79 | -1.07 | -37.67 | 62.83 | 25.66 | -45.28 | 37.17 | -25.66 | 323.01 | 19.75 | -30.97 | 10.89 |
| 22Q2 (11) | 0.12 | -58.62 | 1300.0 | 17.71 | 14.41 | 11.95 | 1.73 | -24.78 | -35.69 | 3.50 | -29.15 | 35100.0 | 2.30 | -43.35 | 1310.53 | 0.99 | -59.43 | 718.75 | 0.59 | -54.26 | 1866.67 | 0.23 | -23.33 | -32.35 | 10.70 | 8.08 | 183.07 | 93.79 | 4.92 | -35.45 | 50.00 | 5.56 | 0 | 50.00 | -5.0 | 0 | 28.61 | 22.11 | 35.59 |
| 22Q1 (10) | 0.29 | -79.29 | 163.64 | 15.48 | -17.17 | -8.24 | 2.30 | -62.17 | 2.68 | 4.94 | -65.91 | 78.99 | 4.06 | -69.97 | 71.31 | 2.44 | -79.62 | 35.56 | 1.29 | -75.61 | 51.76 | 0.30 | -23.08 | -6.25 | 9.90 | -43.97 | 48.65 | 89.39 | -19.32 | -34.28 | 47.37 | 13.68 | -40.79 | 52.63 | -8.77 | 163.16 | 23.43 | 14.24 | 10.41 |
| 21Q4 (9) | 1.40 | 300.0 | 3600.0 | 18.69 | 3.83 | -9.8 | 6.08 | 5.56 | 37.25 | 14.49 | 192.14 | 670.74 | 13.52 | 233.0 | 894.12 | 11.97 | 226.16 | 1050.96 | 5.29 | 236.94 | 898.11 | 0.39 | 5.41 | 18.18 | 17.67 | 114.18 | 209.46 | 110.80 | -25.58 | -18.64 | 41.67 | -63.71 | -82.29 | 57.69 | 446.15 | 142.64 | 20.51 | 15.16 | -7.19 |
| 21Q3 (8) | 0.35 | 3600.0 | 1266.67 | 18.00 | 13.78 | -12.07 | 5.76 | 114.13 | 81.7 | 4.96 | 49700.0 | 6985.71 | 4.06 | 2236.84 | 3790.91 | 3.67 | 2393.75 | 4687.5 | 1.57 | 5133.33 | 2142.86 | 0.37 | 8.82 | 12.12 | 8.25 | 118.25 | 89.22 | 148.88 | 2.47 | 18.55 | 114.81 | 0 | -95.58 | -16.67 | 0 | 99.36 | 17.81 | -15.59 | -9.27 |
| 21Q2 (7) | -0.01 | -109.09 | 85.71 | 15.82 | -6.22 | -13.69 | 2.69 | 20.09 | 495.59 | -0.01 | -100.36 | 98.92 | -0.19 | -108.02 | 79.79 | -0.16 | -108.89 | 70.37 | 0.03 | -96.47 | 116.67 | 0.34 | 6.25 | 21.43 | 3.78 | -43.24 | 1.34 | 145.29 | 6.82 | 33.66 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 21.10 | -0.57 | 0 |
| 21Q1 (6) | 0.11 | 375.0 | 140.74 | 16.87 | -18.58 | -8.56 | 2.24 | -49.44 | 230.23 | 2.76 | 46.81 | 231.43 | 2.37 | 74.26 | 185.56 | 1.80 | 73.08 | 242.86 | 0.85 | 60.38 | 254.55 | 0.32 | -3.03 | 39.13 | 6.66 | 16.64 | 82.97 | 136.02 | -0.12 | 38.4 | 80.00 | -66.0 | 6.67 | 20.00 | 114.78 | 20.0 | 21.22 | -3.98 | -15.99 |
| 20Q4 (5) | -0.04 | -33.33 | -200.0 | 20.72 | 1.22 | 2.68 | 4.43 | 39.75 | -26.41 | 1.88 | 2585.71 | -14.16 | 1.36 | 1336.36 | -5.56 | 1.04 | 1400.0 | 11.83 | 0.53 | 657.14 | 6.0 | 0.33 | 0.0 | 0.0 | 5.71 | 30.96 | -9.65 | 136.18 | 8.44 | 35.56 | 235.29 | -90.95 | -16.67 | -135.29 | 94.8 | 23.33 | 22.10 | 12.58 | 7.02 |
| 20Q3 (4) | -0.03 | 57.14 | 0.0 | 20.47 | 11.67 | 0.0 | 3.17 | 566.18 | 0.0 | 0.07 | 107.53 | 0.0 | -0.11 | 88.3 | 0.0 | -0.08 | 85.19 | 0.0 | 0.07 | 138.89 | 0.0 | 0.33 | 17.86 | 0.0 | 4.36 | 16.89 | 0.0 | 125.58 | 15.53 | 0.0 | 2600.00 | 3020.0 | 0.0 | -2600.00 | -7900.0 | 0.0 | 19.63 | 0 | 0.0 |
| 20Q2 (3) | -0.07 | 74.07 | 0.0 | 18.33 | -0.65 | 0.0 | -0.68 | 60.47 | 0.0 | -0.93 | 55.71 | 0.0 | -0.94 | 66.06 | 0.0 | -0.54 | 57.14 | 0.0 | -0.18 | 67.27 | 0.0 | 0.28 | 21.74 | 0.0 | 3.73 | 2.47 | 0.0 | 108.70 | 10.6 | 0.0 | 83.33 | 11.11 | 0.0 | 33.33 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.27 | -775.0 | 0.0 | 18.45 | -8.57 | 0.0 | -1.72 | -128.57 | 0.0 | -2.10 | -195.89 | 0.0 | -2.77 | -292.36 | 0.0 | -1.26 | -235.48 | 0.0 | -0.55 | -210.0 | 0.0 | 0.23 | -30.3 | 0.0 | 3.64 | -42.41 | 0.0 | 98.28 | -2.17 | 0.0 | 75.00 | -73.44 | 0.0 | 16.67 | 109.44 | 0.0 | 25.26 | 22.32 | 0.0 |
| 19Q4 (1) | 0.04 | 0.0 | 0.0 | 20.18 | 0.0 | 0.0 | 6.02 | 0.0 | 0.0 | 2.19 | 0.0 | 0.0 | 1.44 | 0.0 | 0.0 | 0.93 | 0.0 | 0.0 | 0.50 | 0.0 | 0.0 | 0.33 | 0.0 | 0.0 | 6.32 | 0.0 | 0.0 | 100.46 | 0.0 | 0.0 | 282.35 | 0.0 | 0.0 | -176.47 | 0.0 | 0.0 | 20.65 | 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) | 0.58 | -60.0 | 19.48 | 4.84 | 2.18 | -54.96 | 5.76 | 11.32 | 3.29 | -53.79 | 2.27 | -59.61 | 4.33 | -63.24 | 2.48 | -60.82 | 0.94 | -12.15 | 9.57 | -24.35 | 121.01 | 45.39 | 65.56 | -3.62 | 33.33 | 4.23 | 0.16 | -18.85 | 22.60 | 4.0 |
| 2022 (9) | 1.45 | -21.62 | 18.58 | 6.78 | 4.84 | 12.3 | 5.17 | 64.18 | 7.12 | 22.55 | 5.62 | 8.7 | 11.78 | -32.26 | 6.33 | -22.43 | 1.07 | -29.14 | 12.65 | 35.73 | 83.23 | -24.88 | 68.02 | -8.52 | 31.98 | 24.72 | 0.19 | 24.47 | 21.73 | 8.16 |
| 2021 (8) | 1.85 | 0 | 17.40 | -11.59 | 4.31 | 144.89 | 3.15 | -21.62 | 5.81 | 0 | 5.17 | 0 | 17.39 | 0 | 8.16 | 0 | 1.51 | 34.82 | 9.32 | 107.57 | 110.80 | -18.64 | 74.36 | 0 | 25.64 | 0 | 0.15 | -60.87 | 20.09 | -8.6 |
| 2020 (7) | -0.41 | 0 | 19.68 | 18.34 | 1.76 | 0 | 4.02 | -10.9 | -0.01 | 0 | -0.35 | 0 | -0.86 | 0 | -0.06 | 0 | 1.12 | 1.82 | 4.49 | 52.72 | 136.18 | 35.56 | 0.00 | 0 | 0.00 | 0 | 0.40 | -11.02 | 21.98 | -11.26 |
| 2019 (6) | -0.88 | 0 | 16.63 | 5.32 | -2.08 | 0 | 4.51 | 108.84 | -2.03 | 0 | -2.59 | 0 | -5.50 | 0 | -2.62 | 0 | 1.10 | -8.33 | 2.94 | -81.47 | 100.46 | 15.94 | 101.89 | 0 | -1.89 | 0 | 0.45 | -55.44 | 24.77 | -8.73 |
| 2018 (5) | 3.68 | 0 | 15.79 | 2.2 | -3.22 | 0 | 2.16 | -12.33 | 13.15 | 0 | 12.67 | 0 | 31.50 | 0 | 15.49 | 0 | 1.20 | 10.09 | 15.87 | 0 | 86.65 | -36.88 | -24.50 | 0 | 124.50 | 151.0 | 1.00 | 0 | 27.14 | -0.77 |
| 2017 (4) | -1.30 | 0 | 15.45 | -12.81 | -2.66 | 0 | 2.46 | -20.7 | -5.29 | 0 | -5.33 | 0 | -13.23 | 0 | -5.40 | 0 | 1.09 | 4.81 | -2.17 | 0 | 137.27 | 16.53 | 50.40 | -2.25 | 49.60 | 5.81 | 0.00 | 0 | 27.35 | 1.26 |
| 2016 (3) | -1.13 | 0 | 17.72 | 20.71 | -1.45 | 0 | 3.11 | -8.12 | -2.78 | 0 | -4.48 | 0 | -9.70 | 0 | -4.30 | 0 | 1.04 | 1.96 | 0.92 | 0 | 117.80 | 18.71 | 51.56 | -55.34 | 46.88 | 0 | 0.00 | 0 | 27.01 | -2.74 |
| 2015 (2) | -1.23 | 0 | 14.68 | -16.59 | -5.24 | 0 | 3.38 | 13.58 | -4.54 | 0 | -5.28 | 0 | -10.01 | 0 | -5.10 | 0 | 1.02 | -11.3 | -0.70 | 0 | 99.23 | 33.32 | 115.46 | 151.55 | -15.46 | 0 | 0.00 | 0 | 27.77 | 14.42 |
| 2014 (1) | 0.27 | 0 | 17.60 | 0 | 1.20 | 0 | 2.98 | -9.92 | 2.58 | 0 | 1.39 | 0 | 2.94 | 0 | 1.89 | 0 | 1.15 | 1.77 | 5.95 | 51.79 | 74.43 | -20.95 | 45.90 | 0 | 54.10 | -78.36 | 0.00 | 0 | 24.27 | 0.37 |
