- 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) | -0.88 | -576.92 | -576.92 | -13.36 | -951.97 | -222.23 | -34.41 | -86.0 | -1936.09 | -38.28 | -593.48 | -564.58 | -36.53 | -482.62 | -694.13 | -19.47 | -631.95 | -697.95 | -5.02 | -1015.56 | -904.0 | 0.15 | 15.38 | -21.05 | -22.22 | -300.0 | -434.64 | 290.61 | 31.21 | 56.35 | 90.70 | -73.04 | 240.12 | 10.47 | 104.43 | -84.3 | 35.52 | 8.66 | 25.29 |
| 24Q2 (19) | -0.13 | 13.33 | 53.57 | -1.27 | -234.21 | -132.65 | -18.50 | -11.51 | -63.72 | -5.52 | 21.26 | 61.53 | -6.27 | 9.65 | 54.7 | -2.66 | 10.74 | 49.62 | -0.45 | 19.64 | 71.34 | 0.13 | -7.14 | -7.14 | 11.11 | 16.34 | 424.06 | 221.48 | 2.87 | 24.04 | 336.36 | 42.7 | 332.47 | -236.36 | -74.16 | -1163.64 | 32.69 | -8.94 | -2.68 |
| 24Q1 (18) | -0.15 | -114.29 | 46.43 | -0.38 | -103.13 | -106.87 | -16.59 | -4146.34 | -91.79 | -7.01 | -172.76 | 42.92 | -6.94 | -153.28 | 44.21 | -2.98 | -125.76 | 39.31 | -0.56 | -833.33 | 61.38 | 0.14 | -12.5 | -6.67 | 9.55 | -19.0 | 180.88 | 215.30 | 4.38 | 25.04 | 235.71 | 1514.29 | 227.38 | -135.71 | -216.33 | -584.69 | 35.90 | 24.31 | 12.54 |
| 23Q4 (17) | -0.07 | 46.15 | 41.67 | 12.15 | 11.16 | 2.62 | 0.41 | 124.26 | 0 | -2.57 | 55.38 | 33.25 | -2.74 | 40.43 | 32.51 | -1.32 | 45.9 | 34.0 | -0.06 | 88.0 | 85.0 | 0.16 | -15.79 | -15.79 | 11.79 | 77.56 | 43.61 | 206.27 | 10.98 | 24.75 | -16.67 | -162.5 | 0 | 116.67 | 75.0 | 16.67 | 28.88 | 1.87 | 15.34 |
| 23Q3 (16) | -0.13 | 53.57 | -116.67 | 10.93 | 180.98 | 9.96 | -1.69 | 85.04 | -144.93 | -5.76 | 59.86 | -232.95 | -4.60 | 66.76 | -120.1 | -2.44 | 53.79 | -144.0 | -0.50 | 68.15 | -733.33 | 0.19 | 35.71 | 0.0 | 6.64 | 213.21 | -35.35 | 185.87 | 4.1 | 21.18 | 26.67 | -65.71 | -33.33 | 66.67 | 200.0 | 11.11 | 28.35 | -15.6 | 8.37 |
| 23Q2 (15) | -0.28 | 0.0 | 34.88 | 3.89 | -29.66 | 215.43 | -11.30 | -30.64 | 39.57 | -14.35 | -16.86 | 34.02 | -13.84 | -11.25 | 37.18 | -5.28 | -7.54 | 24.36 | -1.57 | -8.28 | 36.44 | 0.14 | -6.67 | 7.69 | 2.12 | -37.65 | 154.78 | 178.55 | 3.69 | 19.36 | 77.78 | 8.02 | -10.78 | 22.22 | -20.63 | 44.44 | 33.59 | 5.3 | -2.44 |
| 23Q1 (14) | -0.28 | -133.33 | 28.21 | 5.53 | -53.29 | 270.15 | -8.65 | 0 | 46.04 | -12.28 | -218.96 | 30.11 | -12.44 | -206.4 | 27.76 | -4.91 | -145.5 | 18.57 | -1.45 | -262.5 | 33.18 | 0.15 | -21.05 | 7.14 | 3.40 | -58.59 | 219.72 | 172.19 | 4.14 | 16.93 | 72.00 | 0 | -21.65 | 28.00 | -72.0 | 245.33 | 31.90 | 27.4 | -9.96 |
| 22Q4 (13) | -0.12 | -100.0 | -500.0 | 11.84 | 19.11 | 11.17 | 0.00 | 100.0 | -100.0 | -3.85 | -122.54 | -1525.93 | -4.06 | -94.26 | -634.21 | -2.00 | -100.0 | -576.19 | -0.40 | -566.67 | -180.0 | 0.19 | 0.0 | -20.83 | 8.21 | -20.06 | -9.18 | 165.35 | 7.8 | 19.78 | -0.00 | -100.0 | -100.0 | 100.00 | 66.67 | 0 | 25.04 | -4.28 | -8.14 |
| 22Q3 (12) | -0.06 | 86.05 | -200.0 | 9.94 | 394.96 | -0.5 | -0.69 | 96.31 | -207.81 | -1.73 | 92.05 | 49.56 | -2.09 | 90.51 | 31.92 | -1.00 | 85.67 | 20.0 | -0.06 | 97.57 | 80.65 | 0.19 | 46.15 | 0.0 | 10.27 | 365.37 | 33.55 | 153.38 | 2.53 | 20.91 | 40.00 | -54.12 | 280.0 | 60.00 | 290.0 | -50.91 | 26.16 | -24.02 | -16.31 |
| 22Q2 (11) | -0.43 | -10.26 | 0 | -3.37 | -3.69 | -568.06 | -18.70 | -16.66 | -95.81 | -21.75 | -23.79 | -64.4 | -22.03 | -27.93 | -69.59 | -6.98 | -15.75 | -45.72 | -2.47 | -13.82 | -15.42 | 0.13 | -7.14 | -27.78 | -3.87 | -36.27 | -437.5 | 149.59 | 1.58 | 54.07 | 87.18 | -5.13 | 24.06 | 15.38 | 89.74 | -43.08 | 34.43 | -2.82 | 29.24 |
| 22Q1 (10) | -0.39 | -1400.0 | 0 | -3.25 | -130.52 | -128.74 | -16.03 | -5627.59 | -1435.83 | -17.57 | -6607.41 | -2324.05 | -17.22 | -2365.79 | -2279.75 | -6.03 | -1535.71 | -1927.27 | -2.17 | -534.0 | -604.65 | 0.14 | -41.67 | -30.0 | -2.84 | -131.42 | -127.47 | 147.26 | 6.67 | 41.53 | 91.89 | -8.11 | -31.08 | 8.11 | 0 | 124.32 | 35.43 | 29.97 | 33.6 |
| 21Q4 (9) | 0.03 | 250.0 | -96.0 | 10.65 | 6.61 | -27.35 | 0.29 | -54.69 | -89.49 | 0.27 | 107.87 | -98.61 | 0.76 | 124.76 | -95.79 | 0.42 | 133.6 | -95.55 | 0.50 | 261.29 | -88.53 | 0.24 | 26.32 | 9.09 | 9.04 | 17.56 | -69.18 | 138.05 | 8.83 | 27.09 | 100.00 | 550.0 | 590.0 | 0.00 | -100.0 | -100.0 | 27.26 | -12.8 | -6.87 |
| 21Q3 (8) | -0.02 | 0 | -111.11 | 9.99 | 1287.5 | -5.4 | 0.64 | 106.7 | -69.52 | -3.43 | 74.07 | -165.89 | -3.07 | 76.37 | -143.65 | -1.25 | 73.9 | -5.04 | -0.31 | 85.51 | -141.33 | 0.19 | 5.56 | -45.71 | 7.69 | 1168.06 | -48.7 | 126.85 | 30.65 | -27.17 | -22.22 | -131.62 | 86.67 | 122.22 | 352.22 | -56.86 | 31.26 | 17.34 | 9.65 |
| 21Q2 (7) | 0.00 | 0 | -100.0 | 0.72 | -93.63 | -96.51 | -9.55 | -895.83 | -234.7 | -13.23 | -1774.68 | -315.47 | -12.99 | -1744.3 | -333.21 | -4.79 | -1551.52 | -313.84 | -2.14 | -597.67 | -281.36 | 0.18 | -10.0 | 12.5 | -0.72 | -106.96 | -104.74 | 97.09 | -6.69 | -39.25 | 70.27 | -47.3 | -35.59 | 27.03 | 181.08 | 248.65 | 26.64 | 0.45 | 0 |
| 21Q1 (6) | 0.00 | -100.0 | 100.0 | 11.31 | -22.85 | -3.83 | 1.20 | -56.52 | 124.14 | 0.79 | -95.92 | 106.08 | 0.79 | -95.62 | 106.37 | 0.33 | -96.5 | 111.15 | 0.43 | -90.14 | 154.43 | 0.20 | -9.09 | 100.0 | 10.34 | -64.75 | 255.33 | 104.05 | -4.21 | -33.71 | 133.33 | 820.0 | 246.67 | -33.33 | -138.33 | -154.17 | 26.52 | -9.4 | 0 |
| 20Q4 (5) | 0.75 | 316.67 | 568.75 | 14.66 | 38.83 | 7.16 | 2.76 | 31.43 | 131.62 | 19.38 | 1602.33 | 284.57 | 18.04 | 1531.75 | 267.04 | 9.43 | 892.44 | 469.8 | 4.36 | 481.33 | 938.46 | 0.22 | -37.14 | 144.44 | 29.33 | 95.66 | 123.38 | 108.62 | -37.64 | -23.61 | 14.49 | 108.7 | -83.9 | 86.96 | -69.31 | 334.78 | 29.27 | 2.67 | 0 |
| 20Q3 (4) | 0.18 | 50.0 | 0.0 | 10.56 | -48.79 | 0.0 | 2.10 | -70.38 | 0.0 | -1.29 | -121.01 | 0.0 | -1.26 | -122.62 | 0.0 | -1.19 | -153.12 | 0.0 | 0.75 | -36.44 | 0.0 | 0.35 | 118.75 | 0.0 | 14.99 | -1.38 | 0.0 | 174.18 | 8.98 | 0.0 | -166.67 | -252.78 | 0.0 | 283.33 | 1658.33 | 0.0 | 28.51 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 180.0 | 0.0 | 20.62 | 75.34 | 0.0 | 7.09 | 242.66 | 0.0 | 6.14 | 147.23 | 0.0 | 5.57 | 144.92 | 0.0 | 2.24 | 175.68 | 0.0 | 1.18 | 249.37 | 0.0 | 0.16 | 60.0 | 0.0 | 15.20 | 422.34 | 0.0 | 159.83 | 1.83 | 0.0 | 109.09 | 183.64 | 0.0 | -18.18 | -129.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.15 | 6.25 | 0.0 | 11.76 | -14.04 | 0.0 | -4.97 | 43.07 | 0.0 | -13.00 | -23.81 | 0.0 | -12.40 | -14.81 | 0.0 | -2.96 | -16.08 | 0.0 | -0.79 | -51.92 | 0.0 | 0.10 | 11.11 | 0.0 | 2.91 | -77.84 | 0.0 | 156.95 | 10.38 | 0.0 | 38.46 | -57.26 | 0.0 | 61.54 | 207.69 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.16 | 0.0 | 0.0 | 13.68 | 0.0 | 0.0 | -8.73 | 0.0 | 0.0 | -10.50 | 0.0 | 0.0 | -10.80 | 0.0 | 0.0 | -2.55 | 0.0 | 0.0 | -0.52 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 13.13 | 0.0 | 0.0 | 142.19 | 0.0 | 0.0 | 90.00 | 0.0 | 0.0 | 20.00 | 0.0 | 0.0 | 0.00 | 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) | -0.75 | 0 | 8.47 | 74.28 | -4.84 | 0 | 11.36 | 3.96 | -8.30 | 0 | -7.93 | 0 | -13.95 | 0 | -3.47 | 0 | 0.62 | -3.13 | 6.36 | 59.0 | 206.27 | 24.75 | 58.90 | -23.42 | 41.10 | 69.99 | 0.56 | -27.63 | 30.44 | 2.91 |
| 2022 (9) | -1.00 | 0 | 4.86 | -42.21 | -7.53 | 0 | 10.93 | 29.88 | -9.90 | 0 | -10.03 | 0 | -16.13 | 0 | -5.09 | 0 | 0.64 | -18.99 | 4.00 | -41.61 | 165.35 | 19.78 | 76.92 | 65.38 | 24.18 | -54.8 | 0.78 | -12.76 | 29.58 | 6.33 |
| 2021 (8) | 0.02 | -97.78 | 8.41 | -37.8 | -1.64 | 0 | 8.42 | -11.99 | -3.51 | 0 | -3.24 | 0 | -5.67 | 0 | -1.47 | 0 | 0.79 | -5.95 | 6.85 | -62.97 | 138.05 | 27.09 | 46.51 | 3.36 | 53.49 | -2.75 | 0.89 | -16.0 | 27.82 | -5.37 |
| 2020 (7) | 0.90 | 0 | 13.52 | 0 | 2.42 | 0 | 9.56 | -11.72 | 5.38 | 0 | 4.94 | 0 | 9.15 | 0 | 6.43 | 0 | 0.84 | 90.91 | 18.50 | 0 | 108.62 | -23.61 | 45.00 | -45.43 | 55.00 | 213.5 | 1.06 | 460.14 | 29.40 | -12.4 |
| 2019 (6) | -2.59 | 0 | -6.28 | 0 | -27.29 | 0 | 10.83 | 74.16 | -33.10 | 0 | -34.26 | 0 | -37.33 | 0 | -12.73 | 0 | 0.44 | -18.52 | -11.41 | 0 | 142.19 | -8.8 | 82.46 | 35.28 | 17.54 | -53.95 | 0.19 | -90.13 | 33.56 | 32.96 |
| 2018 (5) | -2.32 | 0 | 9.29 | -38.8 | -7.86 | 0 | 6.22 | 14.93 | -12.78 | 0 | -17.86 | 0 | -24.92 | 0 | -7.86 | 0 | 0.54 | 8.0 | 0.37 | -96.95 | 155.91 | -1.48 | 60.95 | -83.38 | 38.10 | 0 | 1.91 | -31.49 | 25.24 | 1.73 |
| 2017 (4) | 0.02 | 0 | 15.18 | 75.29 | 1.31 | 0 | 5.41 | -6.78 | 0.30 | 0 | 0.25 | 0 | 0.31 | 0 | 1.65 | 0 | 0.50 | 19.05 | 12.12 | 0 | 158.25 | 6.82 | 366.67 | 464.1 | -300.00 | 0 | 2.79 | 0 | 24.81 | -14.15 |
| 2016 (3) | -1.44 | 0 | 8.66 | 0 | -11.34 | 0 | 5.81 | 1.6 | -17.39 | 0 | -23.59 | 0 | -21.10 | 0 | -9.09 | 0 | 0.42 | 7.69 | -5.81 | 0 | 148.15 | 65.05 | 65.00 | -20.47 | 35.00 | 91.62 | 0.00 | 0 | 28.90 | -6.35 |
| 2015 (2) | -1.87 | 0 | -4.86 | 0 | -26.98 | 0 | 5.71 | -84.07 | -32.93 | 0 | -31.74 | 0 | -21.54 | 0 | -11.54 | 0 | 0.39 | 550.0 | -20.45 | 0 | 89.76 | 46.45 | 81.74 | -23.37 | 18.26 | 0 | 0.00 | 0 | 30.86 | -39.43 |
| 2014 (1) | -1.83 | 0 | -117.27 | 0 | -226.31 | 0 | 35.87 | 27.54 | -212.31 | 0 | -224.61 | 0 | -17.53 | 0 | -12.96 | 0 | 0.06 | -50.0 | -173.91 | 0 | 61.29 | 435.28 | 106.67 | 23.37 | -6.67 | 0 | 0.00 | 0 | 50.95 | -30.01 |
