- 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) | -0.23 | -35.29 | -155.56 | 13.81 | -10.96 | -47.09 | -50.16 | 50.28 | 70.36 | -55.67 | 33.97 | 59.6 | -54.89 | 35.42 | 61.08 | -2.76 | -17.95 | -24.32 | -2.68 | -29.47 | -42.55 | 0.05 | 150.0 | 400.0 | -50.00 | 25.0 | 60.0 | 2.49 | -22.67 | -88.07 | 90.00 | -30.0 | -22.86 | 10.00 | 170.0 | 160.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.17 | -30.77 | -183.33 | 15.51 | -41.18 | -49.36 | -100.89 | 4.31 | 43.61 | -84.31 | -9.32 | -10.58 | -85.00 | -5.2 | -7.84 | -2.34 | -27.17 | -61.38 | -2.07 | -41.78 | -62.99 | 0.02 | 0.0 | 0.0 | -66.67 | 0.0 | -11.12 | 3.22 | -84.12 | -68.62 | 128.57 | 7.14 | -42.86 | -14.29 | 64.29 | 88.57 | 70.70 | -15.93 | -27.08 |
| 24Q1 (18) | -0.13 | 50.0 | -333.33 | 26.37 | -30.44 | -25.17 | -105.43 | 46.31 | 27.78 | -77.12 | 69.68 | -47.82 | -80.80 | 73.77 | -50.16 | -1.84 | 47.13 | -113.95 | -1.46 | 48.04 | -102.78 | 0.02 | 100.0 | 100.0 | -66.67 | 71.43 | -166.68 | 20.28 | -2.92 | 64.34 | 120.00 | 60.0 | -60.0 | -40.00 | -260.0 | 80.0 | 84.10 | -39.31 | -23.99 |
| 23Q4 (17) | -0.26 | -188.89 | 98.84 | 37.91 | 45.25 | 6418.33 | -196.38 | -16.05 | -516.24 | -254.33 | -84.55 | 99.49 | -308.06 | -118.4 | 99.31 | -3.48 | -56.76 | 97.59 | -2.81 | -49.47 | 97.8 | 0.01 | 0.0 | 0 | -233.33 | -86.66 | 99.58 | 20.89 | 0.1 | 25.39 | 75.00 | -35.71 | 62462.5 | 25.00 | 250.0 | -75.02 | 138.57 | 16.22 | 216.96 |
| 23Q3 (16) | -0.09 | -50.0 | -108.11 | 26.10 | -14.79 | -21.46 | -169.22 | 5.42 | -16.37 | -137.81 | -80.76 | -109.46 | -141.05 | -78.95 | -112.4 | -2.22 | -53.1 | -152.36 | -1.88 | -48.03 | -150.27 | 0.01 | -50.0 | 0 | -125.00 | -108.33 | -107.89 | 20.87 | 103.41 | 65.77 | 116.67 | -48.15 | 1318.52 | -16.67 | 86.67 | -115.06 | 119.23 | 22.98 | -12.76 |
| 23Q2 (15) | -0.06 | -100.0 | -109.68 | 30.63 | -13.08 | 23.36 | -178.92 | -22.56 | -18.72 | -76.24 | -46.14 | -108.01 | -78.82 | -46.48 | -111.58 | -1.45 | -68.6 | -159.18 | -1.27 | -76.39 | -158.53 | 0.02 | 100.0 | 0 | -60.00 | -140.0 | -106.21 | 10.26 | -16.86 | -28.55 | 225.00 | -25.0 | 1525.0 | -125.00 | 37.5 | -207.95 | 96.95 | -12.37 | -19.76 |
| 23Q1 (14) | -0.03 | 99.87 | -105.36 | 35.24 | 5973.33 | -4.4 | -145.98 | -409.41 | 41.98 | -52.17 | 99.89 | -103.34 | -53.81 | 99.88 | -104.42 | -0.86 | 99.4 | -137.39 | -0.72 | 99.44 | -134.95 | 0.01 | 0 | 0 | -25.00 | 99.95 | -101.53 | 12.34 | -25.93 | 4.84 | 300.00 | 249550.0 | 1900.0 | -200.00 | -299.88 | -271.43 | 110.64 | 193.38 | -47.98 |
| 22Q4 (13) | -22.41 | -2118.92 | -11305.0 | -0.60 | -101.81 | -101.08 | 47.18 | 132.44 | 176.54 | -49652.60 | -3507.94 | -17707.3 | -44564.20 | -4017.7 | -21127.79 | -144.23 | -3501.65 | -16870.93 | -127.48 | -3508.56 | -16873.68 | 0.00 | 0 | 0 | -55400.00 | -3598.95 | -17594.55 | 16.66 | 32.33 | 38.49 | -0.12 | 98.74 | 99.46 | 100.06 | -9.56 | -18.13 | -118.48 | -186.69 | -264.65 |
| 22Q3 (12) | 1.11 | 79.03 | 326.92 | 33.23 | 33.83 | 29.8 | -145.42 | 3.51 | -109.78 | 1456.97 | 53.05 | 453.56 | 1137.51 | 67.1 | 463.85 | 4.24 | 73.06 | 281.98 | 3.74 | 72.35 | 281.63 | 0.00 | 0 | 0 | 1583.33 | 63.79 | 493.74 | 12.59 | -12.33 | -23.74 | -9.57 | 39.36 | 63.3 | 110.64 | -4.45 | -12.25 | 136.67 | 13.11 | 103.38 |
| 22Q2 (11) | 0.62 | 10.71 | 1140.0 | 24.83 | -32.64 | -12.97 | -150.71 | 40.1 | -331.59 | 951.97 | -39.05 | 2257.53 | 680.75 | -44.11 | 2446.76 | 2.45 | 6.52 | 1013.64 | 2.17 | 5.34 | 985.0 | 0.00 | 0 | -100.0 | 966.67 | -40.82 | 1994.63 | 14.36 | 22.01 | 13.43 | -15.79 | 5.26 | 80.26 | 115.79 | -0.75 | -42.11 | 120.83 | -43.19 | 263.51 |
| 22Q1 (10) | 0.56 | 180.0 | 64.71 | 36.86 | -33.87 | 32.11 | -251.61 | -308.19 | -289.37 | 1561.90 | 453.87 | 436.15 | 1217.96 | 474.7 | 379.81 | 2.30 | 167.44 | 58.62 | 2.06 | 171.05 | 60.94 | 0.00 | 0 | -100.0 | 1633.33 | 415.78 | 444.44 | 11.77 | -2.16 | -13.26 | -16.67 | 25.0 | 27.78 | 116.67 | -4.55 | -5.21 | 212.70 | 195.58 | 239.67 |
| 21Q4 (9) | 0.20 | -23.08 | 0 | 55.74 | 117.73 | 133.32 | -61.64 | 11.08 | 12.99 | 282.00 | 7.14 | 1255.12 | 211.93 | 5.05 | 100819.05 | 0.86 | -22.52 | 0 | 0.76 | -22.45 | 3700.0 | 0.00 | 0 | 0 | 316.67 | 18.75 | 638.85 | 12.03 | -27.14 | -17.77 | -22.22 | 14.81 | 91.11 | 122.22 | -3.07 | -65.08 | 71.96 | 7.08 | 30.67 |
| 21Q3 (8) | 0.26 | 420.0 | 550.0 | 25.60 | -10.27 | -12.9 | -69.32 | -98.51 | -49.2 | 263.20 | 551.81 | 783.52 | 201.74 | 654.73 | 763.98 | 1.11 | 404.55 | 593.75 | 0.98 | 390.0 | 512.5 | 0.00 | -100.0 | -100.0 | 266.67 | 477.83 | 566.68 | 16.51 | 30.41 | -2.65 | -26.09 | 67.39 | 84.35 | 126.09 | -36.96 | -52.72 | 67.20 | 102.17 | 49.17 |
| 21Q2 (7) | 0.05 | -85.29 | -37.5 | 28.53 | 2.26 | -20.53 | -34.92 | 45.96 | 57.94 | 40.38 | -86.14 | -71.2 | 26.73 | -89.47 | -64.24 | 0.22 | -84.83 | -37.14 | 0.20 | -84.38 | -35.48 | 0.01 | 0.0 | 0 | 46.15 | -84.62 | -73.08 | 12.66 | -6.71 | -47.84 | -80.00 | -246.67 | -33.33 | 200.00 | 62.5 | 25.0 | 33.24 | -46.92 | -56.74 |
| 21Q1 (6) | 0.34 | 0 | -8.11 | 27.90 | 16.79 | -8.49 | -64.62 | 8.78 | 35.13 | 291.32 | 1299.9 | -41.88 | 253.84 | 120776.19 | -33.39 | 1.45 | 0 | -10.49 | 1.28 | 6300.0 | 0.0 | 0.01 | 0 | 0 | 300.00 | 599.95 | -40.0 | 13.57 | -7.25 | -57.38 | -23.08 | 90.77 | -26.92 | 123.08 | -64.84 | 4.14 | 62.62 | 13.71 | 0 |
| 20Q4 (5) | 0.00 | -100.0 | 100.0 | 23.89 | -18.71 | -20.39 | -70.84 | -52.48 | -2.55 | 20.81 | -30.14 | 118.87 | 0.21 | -99.1 | 100.21 | 0.00 | -100.0 | 100.0 | 0.02 | -87.5 | 105.0 | 0.00 | -100.0 | 0 | 42.86 | 7.15 | 148.22 | 14.63 | -13.74 | -54.44 | -250.00 | -50.0 | -516.67 | 350.00 | 31.25 | 775.0 | 55.07 | 22.24 | 16.48 |
| 20Q3 (4) | 0.04 | -50.0 | 0.0 | 29.39 | -18.13 | 0.0 | -46.46 | 44.04 | 0.0 | 29.79 | -78.75 | 0.0 | 23.35 | -68.76 | 0.0 | 0.16 | -54.29 | 0.0 | 0.16 | -48.39 | 0.0 | 0.01 | 0 | 0.0 | 40.00 | -76.67 | 0.0 | 16.96 | -30.12 | 0.0 | -166.67 | -177.78 | 0.0 | 266.67 | 66.67 | 0.0 | 45.05 | -41.36 | 0.0 |
| 20Q2 (3) | 0.08 | -78.38 | 0.0 | 35.90 | 17.74 | 0.0 | -83.02 | 16.66 | 0.0 | 140.22 | -72.02 | 0.0 | 74.75 | -80.38 | 0.0 | 0.35 | -78.4 | 0.0 | 0.31 | -75.78 | 0.0 | 0.00 | 0 | 0.0 | 171.43 | -65.71 | 0.0 | 24.27 | -23.78 | 0.0 | -60.00 | -230.0 | 0.0 | 160.00 | 35.38 | 0.0 | 76.83 | 0 | 0.0 |
| 20Q1 (2) | 0.37 | 384.62 | 0.0 | 30.49 | 1.6 | 0.0 | -99.62 | -44.21 | 0.0 | 501.20 | 554.48 | 0.0 | 381.08 | 482.46 | 0.0 | 1.62 | 374.58 | 0.0 | 1.28 | 420.0 | 0.0 | 0.00 | 0 | 0.0 | 500.00 | 662.49 | 0.0 | 31.84 | -0.84 | 0.0 | -18.18 | -130.3 | 0.0 | 118.18 | 195.45 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.13 | 0.0 | 0.0 | 30.01 | 0.0 | 0.0 | -69.08 | 0.0 | 0.0 | -110.28 | 0.0 | 0.0 | -99.64 | 0.0 | 0.0 | -0.59 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -88.89 | 0.0 | 0.0 | 32.11 | 0.0 | 0.0 | 60.00 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 47.28 | 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) | -5.32 | 0 | 31.99 | 27.15 | -171.03 | 0 | 11.76 | 11.76 | -118.60 | 0 | -1156.69 | 0 | -54.25 | 0 | -47.36 | 0 | 0.04 | 100.0 | -100.00 | 0 | 20.89 | 103.41 | 140.00 | 8092.8 | -45.00 | 0 | 0.00 | 0 | 113.93 | 15.24 |
| 2022 (9) | -17.57 | 0 | 25.16 | -22.47 | -130.30 | 0 | 10.53 | 29.82 | -7727.76 | 0 | -6181.23 | 0 | -115.03 | 0 | -102.99 | 0 | 0.02 | 0.0 | -7684.21 | 0 | 10.27 | -14.63 | 1.71 | 0 | 98.29 | -23.08 | 0.00 | 0 | 98.86 | 79.45 |
| 2021 (8) | 0.86 | 75.51 | 32.45 | 8.97 | -54.85 | 0 | 8.11 | -13.51 | 195.62 | 30.56 | 155.13 | 50.25 | 3.65 | 70.56 | 3.26 | 75.27 | 0.02 | 0.0 | 205.41 | 24.02 | 12.03 | -17.77 | -27.78 | 0 | 127.78 | -14.21 | 0.00 | 0 | 55.09 | -11.6 |
| 2020 (7) | 0.49 | -27.94 | 29.78 | -13.58 | -71.46 | 0 | 9.38 | 65.62 | 149.83 | 4.35 | 103.25 | 21.24 | 2.14 | -28.43 | 1.86 | -25.6 | 0.02 | -33.33 | 165.62 | 4.5 | 14.63 | -54.44 | -48.94 | 0 | 148.94 | 17.91 | 0.00 | 0 | 62.32 | 56.07 |
| 2019 (6) | 0.68 | -83.81 | 34.46 | -13.33 | -37.10 | 0 | 5.66 | 29.06 | 143.59 | -54.07 | 85.16 | -65.27 | 2.99 | -84.68 | 2.50 | -84.63 | 0.03 | -57.14 | 158.49 | -50.5 | 32.11 | 25.82 | -26.32 | 0 | 126.32 | 14.42 | 0.00 | 0 | 39.93 | -8.33 |
| 2018 (5) | 4.20 | 0 | 39.76 | 6.48 | -32.38 | 0 | 4.39 | -49.07 | 312.63 | 0 | 245.24 | 0 | 19.52 | 0 | 16.27 | 0 | 0.07 | -41.67 | 320.18 | 5987.07 | 25.52 | 61.83 | -10.39 | 0 | 110.39 | 0 | 0.00 | 0 | 43.56 | 49.43 |
| 2017 (4) | -0.34 | 0 | 37.34 | 16.83 | -29.54 | 0 | 8.61 | 0.4 | -11.26 | 0 | -10.68 | 0 | -1.62 | 0 | -0.51 | 0 | 0.12 | -42.86 | 5.26 | -57.06 | 15.77 | -51.63 | 258.33 | 0 | -158.33 | 0 | 0.00 | 0 | 29.15 | 4.52 |
| 2016 (3) | 0.11 | -35.29 | 31.96 | 15.09 | -12.32 | 0 | 8.58 | 24.39 | 1.97 | -18.6 | 1.77 | 15.69 | 0.50 | -32.43 | 0.63 | -17.11 | 0.21 | -40.0 | 12.25 | 18.47 | 32.60 | -9.39 | -625.00 | 0 | 725.00 | 171.88 | 0.00 | 0 | 27.89 | 15.11 |
| 2015 (2) | 0.17 | -73.02 | 27.77 | 13.58 | -4.20 | 0 | 6.90 | 63.79 | 2.42 | -32.78 | 1.53 | -50.65 | 0.74 | -73.76 | 0.76 | -66.22 | 0.35 | -46.97 | 10.34 | 23.83 | 35.98 | -4.59 | -166.67 | 0 | 266.67 | 2033.33 | 0.00 | 0 | 24.23 | 45.61 |
| 2014 (1) | 0.63 | 0 | 24.45 | 0 | 3.19 | 0 | 4.21 | 5.43 | 3.60 | 0 | 3.10 | 0 | 2.82 | 0 | 2.25 | 0 | 0.66 | 1.54 | 8.35 | 0 | 37.71 | -2.88 | 87.50 | -18.75 | 12.50 | 0 | 0.00 | 0 | 16.64 | -11.4 |
