- 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) | -0.11 | -83.33 | 21.43 | 16.11 | -22.44 | 83.07 | -4.80 | -63.27 | 82.74 | -7.87 | -6.06 | 77.34 | -7.87 | -6.06 | 77.5 | -4.33 | -29.25 | 49.77 | -0.79 | -75.56 | 67.62 | 0.15 | 15.38 | 87.5 | 3.97 | -44.63 | 129.28 | 273.69 | 4.93 | 40.52 | 59.09 | 51.95 | -25.23 | 40.91 | -33.06 | 111.36 | 23.37 | -4.85 | -30.32 |
| 24Q2 (19) | -0.06 | 82.86 | 80.0 | 20.77 | 195.87 | 254.44 | -2.94 | 87.98 | 89.28 | -7.42 | 76.77 | 77.12 | -7.42 | 76.77 | 80.21 | -3.35 | 67.79 | 61.32 | -0.45 | 82.69 | 82.82 | 0.13 | 30.0 | 62.5 | 7.17 | 157.04 | 164.89 | 260.82 | 2.62 | 23.0 | 38.89 | -49.88 | -54.11 | 61.11 | 153.17 | 300.62 | 24.56 | -22.08 | -18.41 |
| 24Q1 (18) | -0.35 | 55.13 | -2.94 | 7.02 | 150.87 | -67.99 | -24.45 | 49.64 | 1.81 | -31.94 | 46.86 | -2.7 | -31.94 | 48.15 | -2.44 | -10.40 | 32.51 | -77.17 | -2.60 | 42.48 | -37.57 | 0.10 | 25.0 | 42.86 | -12.57 | 67.03 | -297.78 | 254.17 | 12.6 | 57.3 | 77.59 | -4.51 | -2.52 | 24.14 | 28.74 | 18.28 | 31.52 | -42.24 | -3.96 |
| 23Q4 (17) | -0.78 | -457.14 | 21.21 | -13.80 | -256.82 | 67.1 | -48.55 | -74.58 | 61.77 | -60.11 | -73.08 | 57.64 | -61.60 | -76.1 | 56.61 | -15.41 | -78.77 | 13.96 | -4.52 | -85.25 | 33.04 | 0.08 | 0.0 | 60.0 | -38.12 | -181.12 | 61.17 | 225.73 | 15.9 | 50.29 | 81.25 | 2.81 | -9.4 | 18.75 | -3.12 | 81.64 | 54.57 | 62.7 | -7.48 |
| 23Q3 (16) | -0.14 | 53.33 | -7.69 | 8.80 | 50.17 | -72.35 | -27.81 | -1.39 | -31.68 | -34.73 | -7.09 | -65.15 | -34.98 | 6.7 | -65.62 | -8.62 | 0.46 | -125.65 | -2.44 | 6.87 | -101.65 | 0.08 | 0.0 | 14.29 | -13.56 | -22.71 | -263.77 | 194.77 | -8.15 | 32.19 | 79.03 | -6.74 | -20.97 | 19.35 | 26.88 | 0 | 33.54 | 11.43 | -17.69 |
| 23Q2 (15) | -0.30 | 11.76 | 33.33 | 5.86 | -73.28 | 415.05 | -27.43 | -10.16 | 45.09 | -32.43 | -4.28 | 39.59 | -37.49 | -20.24 | 30.2 | -8.66 | -47.53 | 6.38 | -2.62 | -38.62 | 28.42 | 0.08 | 14.29 | 14.29 | -11.05 | -249.68 | 56.63 | 212.05 | 31.24 | 48.09 | 84.75 | 6.48 | -8.74 | 15.25 | -25.25 | 113.56 | 30.10 | -8.29 | -19.65 |
| 23Q1 (14) | -0.34 | 65.66 | 10.53 | 21.93 | 152.29 | 294.59 | -24.90 | 80.39 | 65.56 | -31.10 | 78.08 | 55.7 | -31.18 | 78.04 | 55.5 | -5.87 | 67.23 | 28.24 | -1.89 | 72.0 | 44.74 | 0.07 | 40.0 | 40.0 | -3.16 | 96.78 | 89.22 | 161.58 | 7.58 | 23.42 | 79.59 | -11.25 | -22.3 | 20.41 | 97.7 | 936.73 | 32.82 | -44.35 | -31.5 |
| 22Q4 (13) | -0.99 | -661.54 | -135.71 | -41.94 | -231.76 | -164.54 | -126.98 | -501.23 | -1454.22 | -141.89 | -574.7 | -535.99 | -141.96 | -572.16 | -503.57 | -17.91 | -368.85 | -619.28 | -6.75 | -457.85 | -610.53 | 0.05 | -28.57 | 0.0 | -98.18 | -1285.75 | -577.99 | 150.20 | 1.94 | 30.13 | 89.68 | -10.32 | 149.1 | 10.32 | 0 | -83.87 | 58.98 | 44.74 | 2.32 |
| 22Q3 (12) | -0.13 | 71.11 | 69.05 | 31.83 | 1811.29 | 499.44 | -21.12 | 57.72 | 57.21 | -21.03 | 60.82 | 63.22 | -21.12 | 60.68 | 63.06 | -3.82 | 58.7 | 45.43 | -1.21 | 66.94 | 61.09 | 0.07 | 0.0 | 16.67 | 8.28 | 132.5 | 146.57 | 147.34 | 2.9 | 32.98 | 100.00 | 7.69 | 14.93 | -0.00 | -100.0 | -100.0 | 40.75 | 8.78 | -0.42 |
| 22Q2 (11) | -0.45 | -18.42 | -200.0 | -1.86 | 83.5 | 89.92 | -49.95 | 30.92 | 48.56 | -53.68 | 23.54 | 10.92 | -53.71 | 23.35 | 10.12 | -9.25 | -13.08 | -71.61 | -3.66 | -7.02 | -47.58 | 0.07 | 40.0 | 40.0 | -25.48 | 13.07 | -68.85 | 143.19 | 9.37 | 39.93 | 92.86 | -9.35 | -42.3 | 7.14 | 392.86 | 111.72 | 37.46 | -21.81 | -35.31 |
| 22Q1 (10) | -0.38 | 9.52 | -11.76 | -11.27 | -117.34 | -107.93 | -72.31 | -785.07 | -12.86 | -70.21 | -214.7 | 6.61 | -70.07 | -197.92 | 7.36 | -8.18 | -228.51 | -31.3 | -3.42 | -260.0 | -13.25 | 0.05 | 0.0 | 25.0 | -29.31 | -242.7 | -25.79 | 130.92 | 13.43 | 37.19 | 102.44 | 184.55 | 19.51 | -2.44 | -103.81 | -117.07 | 47.91 | -16.88 | -20.82 |
| 21Q4 (9) | -0.42 | 0.0 | 28.81 | 64.98 | 1123.73 | 243.73 | -8.17 | 83.45 | 93.15 | -22.31 | 60.98 | 85.15 | -23.52 | 58.86 | 84.38 | -2.49 | 64.43 | 82.03 | -0.95 | 69.45 | 85.27 | 0.05 | -16.67 | 0.0 | 20.54 | 215.52 | 122.63 | 115.42 | 4.17 | 28.93 | 36.00 | -58.63 | -54.62 | 64.00 | 348.0 | 209.62 | 57.64 | 40.86 | 0.63 |
| 21Q3 (8) | -0.42 | -180.0 | 4.55 | 5.31 | 128.76 | 130.1 | -49.36 | 49.17 | 50.26 | -57.18 | 5.11 | 34.75 | -57.17 | 4.33 | 46.69 | -7.00 | -29.87 | 20.36 | -3.11 | -25.4 | 25.95 | 0.06 | 20.0 | 50.0 | -17.78 | -17.83 | 50.67 | 110.80 | 8.28 | 3.55 | 87.01 | -45.93 | -23.27 | 14.29 | 123.44 | 206.59 | 40.92 | -29.34 | -41.11 |
| 21Q2 (7) | -0.15 | 55.88 | 77.27 | -18.46 | -240.59 | 32.21 | -97.10 | -51.55 | 36.1 | -60.26 | 19.85 | 80.8 | -59.76 | 20.99 | 80.96 | -5.39 | 13.48 | 67.41 | -2.48 | 17.88 | 69.83 | 0.05 | 25.0 | 66.67 | -15.09 | 35.24 | 93.69 | 102.33 | 7.23 | 3.94 | 160.94 | 87.76 | 232.26 | -60.94 | -526.56 | -218.18 | 57.91 | -4.3 | 0 |
| 21Q1 (6) | -0.34 | 42.37 | 54.67 | -5.42 | 88.01 | 49.58 | -64.07 | 46.27 | 14.24 | -75.18 | 49.96 | 29.76 | -75.64 | 49.76 | 29.33 | -6.23 | 55.05 | 42.1 | -3.02 | 53.18 | 42.59 | 0.04 | -20.0 | -20.0 | -23.30 | 74.33 | 66.74 | 95.43 | 6.6 | 1.66 | 85.71 | 8.05 | 22.73 | 14.29 | -30.89 | -52.63 | 60.51 | 5.64 | 0 |
| 20Q4 (5) | -0.59 | -34.09 | 41.58 | -45.21 | -156.29 | -331.81 | -119.25 | -20.16 | -36.04 | -150.24 | -71.45 | -50.12 | -150.56 | -40.38 | -48.69 | -13.86 | -57.68 | -18.97 | -6.45 | -53.57 | -15.18 | 0.05 | 25.0 | -16.67 | -90.76 | -151.83 | -40.39 | 89.52 | -16.34 | -3.7 | 79.33 | -30.05 | -9.28 | 20.67 | 254.23 | 64.6 | 57.28 | -17.56 | 26.59 |
| 20Q3 (4) | -0.44 | 33.33 | 0.0 | -17.64 | 35.22 | 0.0 | -99.24 | 34.69 | 0.0 | -87.63 | 72.08 | 0.0 | -107.25 | 65.82 | 0.0 | -8.79 | 46.86 | 0.0 | -4.20 | 48.91 | 0.0 | 0.04 | 33.33 | 0.0 | -36.04 | 84.92 | 0.0 | 107.00 | 8.68 | 0.0 | 113.40 | 134.12 | 0.0 | -13.40 | -125.99 | 0.0 | 69.48 | 0 | 0.0 |
| 20Q2 (3) | -0.66 | 12.0 | 0.0 | -27.23 | -153.3 | 0.0 | -151.96 | -103.4 | 0.0 | -313.82 | -193.18 | 0.0 | -313.82 | -193.18 | 0.0 | -16.54 | -53.72 | 0.0 | -8.22 | -56.27 | 0.0 | 0.03 | -40.0 | 0.0 | -239.02 | -241.16 | 0.0 | 98.45 | 4.88 | 0.0 | 48.44 | -30.65 | 0.0 | 51.56 | 70.97 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.75 | 25.74 | 0.0 | -10.75 | -2.67 | 0.0 | -74.71 | 14.77 | 0.0 | -107.04 | -6.95 | 0.0 | -107.04 | -5.71 | 0.0 | -10.76 | 7.64 | 0.0 | -5.26 | 6.07 | 0.0 | 0.05 | -16.67 | 0.0 | -70.06 | -8.37 | 0.0 | 93.87 | 0.98 | 0.0 | 69.84 | -20.13 | 0.0 | 30.16 | 140.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.01 | 0.0 | 0.0 | -10.47 | 0.0 | 0.0 | -87.66 | 0.0 | 0.0 | -100.08 | 0.0 | 0.0 | -101.26 | 0.0 | 0.0 | -11.65 | 0.0 | 0.0 | -5.60 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -64.65 | 0.0 | 0.0 | 92.96 | 0.0 | 0.0 | 87.44 | 0.0 | 0.0 | 12.56 | 0.0 | 0.0 | 45.25 | 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) | -1.52 | 0 | 5.74 | 0 | -31.93 | 0 | 13.17 | -44.02 | -39.27 | 0 | -41.05 | 0 | -38.20 | 0 | -11.85 | 0 | 0.33 | 32.0 | -16.27 | 0 | 225.73 | 50.29 | 81.51 | -13.87 | 18.87 | 233.96 | 3.50 | -15.01 | 37.42 | -16.9 |
| 2022 (9) | -1.94 | 0 | -2.20 | 0 | -61.98 | 0 | 23.52 | -29.44 | -65.61 | 0 | -65.63 | 0 | -37.24 | 0 | -14.84 | 0 | 0.25 | 31.58 | -31.30 | 0 | 150.20 | 30.13 | 94.63 | -6.14 | 5.65 | 0 | 4.11 | -18.44 | 45.03 | -15.64 |
| 2021 (8) | -1.57 | 0 | 11.98 | 0 | -53.70 | 0 | 33.33 | -11.89 | -53.41 | 0 | -53.69 | 0 | -21.03 | 0 | -9.52 | 0 | 0.19 | 18.75 | -8.99 | 0 | 115.42 | 28.93 | 100.82 | 43.3 | -0.41 | 0 | 5.04 | -6.79 | 53.38 | -16.44 |
| 2020 (7) | -2.44 | 0 | -23.46 | 0 | -104.02 | 0 | 37.83 | 99.48 | -147.64 | 0 | -152.18 | 0 | -47.58 | 0 | -23.67 | 0 | 0.16 | -42.86 | -95.50 | 0 | 89.52 | -3.7 | 70.36 | -38.49 | 29.50 | 0 | 5.41 | 5.54 | 63.88 | 62.38 |
| 2019 (6) | -1.85 | 0 | 4.65 | -69.18 | -45.95 | 0 | 18.97 | 50.01 | -40.15 | 0 | -41.53 | 0 | -20.88 | 0 | -10.61 | 0 | 0.28 | -12.5 | -15.21 | 0 | 92.96 | 27.59 | 114.39 | 46.33 | -14.39 | 0 | 5.13 | 3.72 | 39.34 | 21.31 |
| 2018 (5) | -1.60 | 0 | 15.09 | -11.18 | -26.63 | 0 | 12.64 | 4.82 | -34.05 | 0 | -34.45 | 0 | -18.45 | 0 | -10.34 | 0 | 0.32 | 6.67 | -17.46 | 0 | 72.86 | 11.65 | 78.18 | 14.13 | 21.82 | -30.73 | 4.94 | 16.43 | 32.43 | -11.0 |
| 2017 (4) | -1.88 | 0 | 16.99 | -21.56 | -23.42 | 0 | 12.06 | 38.63 | -34.18 | 0 | -32.13 | 0 | -15.36 | 0 | -8.99 | 0 | 0.30 | -26.83 | -18.34 | 0 | 65.26 | 11.16 | 68.50 | -27.53 | 31.50 | 474.94 | 4.25 | 0 | 36.44 | 27.5 |
| 2016 (3) | -0.81 | 0 | 21.66 | -28.98 | -7.99 | 0 | 8.70 | 3.43 | -8.46 | 0 | -7.71 | 0 | -4.88 | 0 | -2.76 | 0 | 0.41 | 2.5 | 2.84 | -74.04 | 58.71 | 17.37 | 94.52 | -94.44 | 5.48 | 0 | 0.00 | 0 | 28.58 | 1.03 |
| 2015 (2) | -0.15 | 0 | 30.50 | 11.64 | 1.03 | -67.61 | 8.41 | 45.93 | 0.08 | -98.31 | -0.13 | 0 | -0.08 | 0 | 0.27 | -89.29 | 0.40 | -27.27 | 10.94 | -12.27 | 50.02 | 1.69 | 1700.00 | 2438.03 | -1600.00 | 0 | 0.00 | 0 | 28.29 | 48.66 |
| 2014 (1) | 0.47 | 0 | 27.32 | 0 | 3.18 | 0 | 5.76 | 27.93 | 4.74 | 0 | 3.86 | 0 | 3.17 | 0 | 2.52 | 0 | 0.55 | 0.0 | 12.47 | 655.76 | 49.19 | -5.93 | 66.98 | -33.63 | 33.02 | 0 | 0.00 | 0 | 19.03 | -8.16 |
