- 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) | -0.49 | 5.77 | 41.67 | 1.45 | -72.28 | 104.38 | -14.29 | -42.05 | 65.51 | -60.24 | 2.22 | -15.91 | -60.30 | 2.21 | -15.78 | -6.70 | 0.45 | 20.8 | -2.33 | 6.05 | 42.47 | 0.04 | 0.0 | -50.0 | -27.70 | 11.95 | 24.58 | 156.28 | 0.95 | 56.12 | 23.66 | 44.71 | -70.33 | 76.21 | -8.89 | 276.12 | 23.79 | 5.83 | 66.71 |
| 24Q2 (19) | -0.52 | -205.88 | -108.0 | 5.23 | 215.45 | 730.16 | -10.06 | 51.91 | 1.95 | -61.61 | -224.43 | -350.04 | -61.66 | -224.7 | -349.74 | -6.73 | -210.14 | -181.59 | -2.48 | -244.44 | -140.78 | 0.04 | -20.0 | -55.56 | -31.46 | -534.53 | -2896.19 | 154.81 | 15.69 | 62.33 | 16.35 | -85.17 | -78.16 | 83.65 | 916.3 | 232.96 | 22.48 | 7.3 | 71.87 |
| 24Q1 (18) | -0.17 | 87.22 | -666.67 | -4.53 | 91.99 | -159.84 | -20.92 | 71.58 | -1552.78 | -18.99 | 78.17 | -2737.5 | -18.99 | 80.34 | -2934.33 | -2.17 | 85.69 | -1305.56 | -0.72 | 89.74 | -340.0 | 0.05 | -37.5 | -64.29 | 7.24 | 110.59 | -20.7 | 133.81 | 12.16 | 44.55 | 110.25 | 30.24 | -44.05 | -10.25 | -166.74 | 89.75 | 20.95 | 31.18 | 118.68 |
| 23Q4 (17) | -1.33 | -58.33 | -6750.0 | -56.53 | -70.84 | -705.25 | -73.61 | -77.67 | -3588.63 | -86.98 | -67.37 | -87080.0 | -96.59 | -85.46 | -120837.5 | -15.16 | -79.2 | -50633.33 | -7.02 | -73.33 | -3610.0 | 0.08 | 0.0 | -50.0 | -68.39 | -86.2 | -1004.63 | 119.30 | 19.18 | 18.88 | 84.65 | 6.16 | -95.62 | 15.35 | -24.23 | 100.84 | 15.97 | 11.91 | 93.58 |
| 23Q3 (16) | -0.84 | -236.0 | -800.0 | -33.09 | -5352.38 | -432.23 | -41.43 | -303.8 | -414400.0 | -51.97 | -279.62 | -1412.37 | -52.08 | -279.87 | -1418.48 | -8.46 | -253.97 | -862.16 | -4.05 | -293.2 | -625.97 | 0.08 | -11.11 | -46.67 | -36.73 | -3398.1 | -403.05 | 100.10 | 4.96 | 12.01 | 79.74 | 6.49 | 14890.49 | 20.26 | -19.34 | -79.63 | 14.27 | 9.1 | 47.57 |
| 23Q2 (15) | -0.25 | -933.33 | -327.27 | 0.63 | -91.68 | -93.94 | -10.26 | -812.5 | -427.8 | -13.69 | -2001.39 | -470.0 | -13.71 | -2146.27 | -425.65 | -2.39 | -1427.78 | -343.88 | -1.03 | -443.33 | -247.14 | 0.09 | -35.71 | -30.77 | -1.05 | -111.5 | -108.23 | 95.37 | 3.02 | 15.2 | 74.88 | -62.0 | -11.62 | 25.12 | 125.12 | 64.44 | 13.08 | 36.53 | 7.39 |
| 23Q1 (14) | 0.03 | 50.0 | -91.89 | 7.57 | -18.95 | -52.89 | 1.44 | -31.75 | -86.54 | 0.72 | 620.0 | -94.46 | 0.67 | 737.5 | -94.61 | 0.18 | 500.0 | -94.99 | 0.30 | 50.0 | -85.37 | 0.14 | -12.5 | -6.67 | 9.13 | 20.77 | -55.46 | 92.57 | -7.75 | 6.65 | 197.06 | -89.81 | 139.54 | -100.00 | 94.55 | -663.89 | 9.58 | 16.12 | -2.04 |
| 22Q4 (13) | 0.02 | -83.33 | 106.9 | 9.34 | -6.22 | 32.11 | 2.11 | 21000.0 | 150.48 | 0.10 | -97.47 | 100.9 | 0.08 | -97.97 | 100.72 | 0.03 | -97.3 | 100.98 | 0.20 | -74.03 | 115.87 | 0.16 | 6.67 | 23.08 | 7.56 | -37.62 | 458.29 | 100.35 | 12.29 | 3.28 | 1933.33 | 363366.67 | 5029.48 | -1833.33 | -1943.14 | -3042.31 | 8.25 | -14.68 | -17.66 |
| 22Q3 (12) | 0.12 | 9.09 | 300.0 | 9.96 | -4.14 | 62.48 | 0.01 | -99.68 | 100.56 | 3.96 | 7.03 | 236.08 | 3.95 | -6.18 | 240.57 | 1.11 | 13.27 | 260.87 | 0.77 | 10.0 | 3950.0 | 0.15 | 15.38 | 36.36 | 12.12 | -5.02 | 40.12 | 89.37 | 7.95 | -27.63 | 0.53 | -99.37 | -99.12 | 99.47 | 551.06 | 153.64 | 9.67 | -20.61 | -27.73 |
| 22Q2 (11) | 0.11 | -70.27 | 173.33 | 10.39 | -35.35 | 41.36 | 3.13 | -70.75 | 191.52 | 3.70 | -71.54 | 159.11 | 4.21 | -66.16 | 167.25 | 0.98 | -72.7 | 161.25 | 0.70 | -65.85 | 240.0 | 0.13 | -13.33 | 18.18 | 12.76 | -37.76 | 214.29 | 82.79 | -4.62 | -35.19 | 84.72 | 2.99 | 55.89 | 15.28 | -13.85 | -66.21 | 12.18 | 24.54 | 5.73 |
| 22Q1 (10) | 0.37 | 227.59 | 285.0 | 16.07 | 127.3 | 1123.57 | 10.70 | 355.98 | 169.8 | 13.00 | 216.8 | 170.96 | 12.44 | 211.77 | 167.46 | 3.59 | 217.32 | 195.48 | 2.05 | 262.7 | 241.38 | 0.15 | 15.38 | 66.67 | 20.50 | 1071.56 | 649.6 | 86.80 | -10.66 | -27.09 | 82.27 | 118.27 | -1.67 | 17.73 | -71.54 | 8.57 | 9.78 | -2.4 | -24.77 |
| 21Q4 (9) | -0.29 | -383.33 | 84.41 | 7.07 | 15.33 | 128.1 | -4.18 | -136.16 | 96.45 | -11.13 | -282.47 | 93.35 | -11.13 | -296.09 | 93.9 | -3.06 | -343.48 | 89.25 | -1.26 | -6200.0 | 90.68 | 0.13 | 18.18 | 62.5 | -2.11 | -124.39 | 98.56 | 97.16 | -21.32 | -16.28 | 37.69 | -37.99 | -46.43 | 62.31 | 58.89 | 110.2 | 10.02 | -25.11 | -29.88 |
| 21Q3 (8) | -0.06 | 60.0 | -220.0 | 6.13 | -16.6 | -12.3 | -1.77 | 48.25 | 28.34 | -2.91 | 53.51 | -165.1 | -2.81 | 55.11 | -167.39 | -0.69 | 56.88 | -192.0 | -0.02 | 96.0 | -102.94 | 0.11 | 0.0 | 22.22 | 8.65 | 113.05 | -63.32 | 123.49 | -3.33 | 24.8 | 60.78 | 11.84 | 209.69 | 39.22 | -13.27 | -74.77 | 13.38 | 16.15 | 21.97 |
| 21Q2 (7) | -0.15 | 25.0 | 37.5 | 7.35 | 568.15 | 253.44 | -3.42 | 77.69 | 80.76 | -6.26 | 65.83 | 67.93 | -6.26 | 66.05 | 67.96 | -1.60 | 57.45 | 51.07 | -0.50 | 65.52 | 57.26 | 0.11 | 22.22 | 37.5 | 4.06 | 208.85 | 78.07 | 127.74 | 7.3 | 11.33 | 54.35 | -35.04 | -40.37 | 45.22 | 176.83 | 410.08 | 11.52 | -11.38 | 0 |
| 21Q1 (6) | -0.20 | 89.25 | 23.08 | -1.57 | 93.76 | 83.3 | -15.33 | 86.97 | 38.56 | -18.32 | 89.05 | 22.5 | -18.44 | 89.89 | 22.78 | -3.76 | 86.79 | -8.99 | -1.45 | 89.28 | -16.94 | 0.09 | 12.5 | 28.57 | -3.73 | 97.45 | -292.27 | 119.05 | 2.58 | -0.5 | 83.67 | 18.92 | -20.71 | 16.33 | -44.9 | 395.69 | 13.00 | -9.03 | -12.34 |
| 20Q4 (5) | -1.86 | -3820.0 | -56.3 | -25.16 | -459.94 | -95.65 | -117.69 | -4664.78 | -61.04 | -167.27 | -3842.06 | -115.25 | -182.31 | -4471.94 | -133.55 | -28.47 | -3896.0 | -110.42 | -13.52 | -2088.24 | -139.29 | 0.08 | -11.11 | 0.0 | -146.50 | -721.29 | -170.54 | 116.06 | 17.29 | -3.14 | 70.36 | 226.97 | -25.2 | 29.64 | -80.93 | 399.3 | 14.29 | 30.26 | 22.66 |
| 20Q3 (4) | 0.05 | 120.83 | 0.0 | 6.99 | 245.93 | 0.0 | -2.47 | 86.11 | 0.0 | 4.47 | 122.9 | 0.0 | 4.17 | 121.34 | 0.0 | 0.75 | 122.94 | 0.0 | 0.68 | 158.12 | 0.0 | 0.09 | 12.5 | 0.0 | 23.58 | 934.21 | 0.0 | 98.95 | -13.76 | 0.0 | -55.41 | -160.8 | 0.0 | 155.41 | 1653.18 | 0.0 | 10.97 | 0 | 0.0 |
| 20Q2 (3) | -0.24 | 7.69 | 0.0 | -4.79 | 49.04 | 0.0 | -17.78 | 28.74 | 0.0 | -19.52 | 17.43 | 0.0 | -19.54 | 18.17 | 0.0 | -3.27 | 5.22 | 0.0 | -1.17 | 5.65 | 0.0 | 0.08 | 14.29 | 0.0 | 2.28 | 17.53 | 0.0 | 114.74 | -4.1 | 0.0 | 91.14 | -13.64 | 0.0 | 8.86 | 260.47 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.26 | 78.15 | 0.0 | -9.40 | 26.91 | 0.0 | -24.95 | 65.86 | 0.0 | -23.64 | 69.58 | 0.0 | -23.88 | 69.41 | 0.0 | -3.45 | 74.5 | 0.0 | -1.24 | 78.05 | 0.0 | 0.07 | -12.5 | 0.0 | 1.94 | 103.58 | 0.0 | 119.65 | -0.14 | 0.0 | 105.52 | 12.18 | 0.0 | -5.52 | -193.05 | 0.0 | 14.83 | 27.3 | 0.0 |
| 19Q4 (1) | -1.19 | 0.0 | 0.0 | -12.86 | 0.0 | 0.0 | -73.08 | 0.0 | 0.0 | -77.71 | 0.0 | 0.0 | -78.06 | 0.0 | 0.0 | -13.53 | 0.0 | 0.0 | -5.65 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -54.15 | 0.0 | 0.0 | 119.82 | 0.0 | 0.0 | 94.06 | 0.0 | 0.0 | 5.94 | 0.0 | 0.0 | 11.65 | 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) | -2.39 | 0 | -14.12 | 0 | -23.81 | 0 | 9.85 | 51.87 | -29.50 | 0 | -31.28 | 0 | -25.93 | 0 | -11.54 | 0 | 0.40 | -29.82 | -16.83 | 0 | 119.30 | 18.88 | 80.69 | 3.3 | 19.31 | -11.77 | 0.01 | 19.18 | 12.54 | 27.96 |
| 2022 (9) | 0.61 | 0 | 11.39 | 123.33 | 3.93 | 0 | 6.49 | -22.5 | 5.03 | 0 | 4.99 | 0 | 5.70 | 0 | 3.54 | 0 | 0.57 | 26.67 | 13.01 | 639.2 | 100.35 | 3.28 | 78.12 | 27.6 | 21.88 | -43.57 | 0.01 | -45.32 | 9.80 | -17.3 |
| 2021 (8) | -0.84 | 0 | 5.10 | 0 | -5.74 | 0 | 8.37 | -49.12 | -9.37 | 0 | -9.38 | 0 | -8.70 | 0 | -3.23 | 0 | 0.45 | 45.16 | 1.76 | 0 | 97.16 | -16.28 | 61.22 | -23.9 | 38.78 | 98.38 | 0.02 | -92.57 | 11.85 | -6.99 |
| 2020 (7) | -2.31 | 0 | -7.01 | 0 | -36.88 | 0 | 16.45 | -10.88 | -45.84 | 0 | -49.25 | 0 | -33.76 | 0 | -14.16 | 0 | 0.31 | -8.82 | -24.11 | 0 | 116.06 | -3.14 | 80.45 | -12.07 | 19.55 | 130.01 | 0.22 | -11.44 | 12.74 | -3.7 |
| 2019 (6) | -2.26 | 0 | -5.42 | 0 | -28.79 | 0 | 18.46 | 3.45 | -31.46 | 0 | -31.81 | 0 | -24.58 | 0 | -9.64 | 0 | 0.34 | 21.43 | -8.05 | 0 | 119.82 | -6.07 | 91.50 | -81.4 | 8.50 | 0 | 0.24 | -30.08 | 13.23 | -9.01 |
| 2018 (5) | -0.42 | 0 | -6.79 | 0 | -21.80 | 0 | 17.84 | 6.19 | -4.43 | 0 | -4.61 | 0 | -3.29 | 0 | -0.18 | 0 | 0.28 | -3.45 | 18.51 | 0 | 127.56 | -36.87 | 491.92 | 422.0 | -391.92 | 0 | 0.35 | -54.3 | 14.54 | -13.56 |
| 2017 (4) | -4.08 | 0 | -19.09 | 0 | -37.99 | 0 | 16.80 | 41.05 | -40.31 | 0 | -40.59 | 0 | -29.70 | 0 | -10.01 | 0 | 0.29 | -34.09 | -16.26 | 0 | 202.05 | 67.04 | 94.24 | -4.8 | 5.76 | 468.69 | 0.76 | 0 | 16.82 | 24.04 |
| 2016 (3) | -6.53 | 0 | -11.58 | 0 | -38.40 | 0 | 11.91 | 28.21 | -38.80 | 0 | -38.75 | 0 | -34.61 | 0 | -15.93 | 0 | 0.44 | -24.14 | -24.25 | 0 | 120.96 | 31.35 | 98.99 | 18.25 | 1.01 | -93.78 | 0.00 | 0 | 13.56 | 19.16 |
| 2015 (2) | -1.71 | 0 | 2.62 | -54.28 | -5.85 | 0 | 9.29 | 27.43 | -6.99 | 0 | -6.93 | 0 | -7.31 | 0 | -3.46 | 0 | 0.58 | -24.68 | 3.50 | -61.79 | 92.09 | 28.24 | 83.71 | -25.07 | 16.29 | 0 | 0.00 | 0 | 11.38 | 14.83 |
| 2014 (1) | 0.28 | -67.44 | 5.73 | 0 | 0.90 | 0 | 7.29 | -15.5 | 0.80 | 0 | 0.89 | 0 | 1.19 | 0 | 1.25 | 0 | 0.77 | 6.94 | 9.16 | -25.95 | 71.81 | -8.65 | 111.71 | 77.53 | -11.71 | 0 | 0.00 | 0 | 9.91 | -2.36 |
