- 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) | -0.07 | 12.5 | 0.0 | 20.91 | 6.03 | 13.09 | 2.88 | 772.73 | 168.25 | -0.24 | -140.0 | 92.71 | -0.23 | -53.33 | -291.67 | -0.23 | -64.29 | -355.56 | 0.50 | 8.7 | -13.79 | 0.24 | 4.35 | 14.29 | 10.91 | -12.37 | 7.28 | 292.33 | -3.62 | 5.41 | -1140.00 | -2190.0 | -992.17 | 1240.00 | 2628.0 | 4564.0 | 19.66 | -5.48 | -7.61 |
| 24Q2 (19) | -0.08 | 77.14 | 61.9 | 19.72 | -1.0 | 23.95 | 0.33 | 167.35 | 105.66 | 0.60 | 113.57 | 123.62 | -0.15 | 97.15 | 95.65 | -0.14 | 96.56 | 94.4 | 0.46 | 183.64 | 330.0 | 0.23 | 15.0 | 15.0 | 12.45 | 38.49 | 10.96 | 303.31 | 0.7 | 12.88 | 54.55 | 370.45 | -76.1 | 45.45 | -48.58 | 135.45 | 20.80 | -7.43 | -8.13 |
| 24Q1 (18) | -0.35 | -1066.67 | 23.91 | 19.92 | 0.45 | 36.91 | -0.49 | -126.2 | 95.89 | -4.42 | -1162.86 | 60.95 | -5.27 | -875.93 | 53.81 | -4.07 | -804.44 | 32.5 | -0.55 | -234.15 | 55.65 | 0.20 | -9.09 | 33.33 | 8.99 | -22.9 | 31.63 | 301.20 | 5.81 | 22.54 | 11.59 | 102.17 | -88.97 | 88.41 | -86.4 | 1817.6 | 22.47 | 9.13 | -21.1 |
| 23Q4 (17) | -0.03 | 57.14 | 94.0 | 19.83 | 7.25 | -5.26 | 1.87 | 144.31 | 255.83 | -0.35 | 89.36 | 92.54 | -0.54 | -550.0 | 93.27 | -0.45 | -600.0 | 91.3 | 0.41 | -29.31 | 138.68 | 0.22 | 4.76 | 15.79 | 11.66 | 14.65 | 25.78 | 284.67 | 2.65 | 16.95 | -533.33 | -517.39 | -2149.12 | 650.00 | 2440.0 | 778.7 | 20.59 | -3.24 | -11.67 |
| 23Q3 (16) | -0.07 | 66.67 | 70.83 | 18.49 | 16.22 | -1.96 | -4.22 | 27.62 | -107.88 | -3.29 | -29.53 | -103.09 | 0.12 | 103.48 | 104.27 | 0.09 | 103.6 | 104.59 | 0.58 | 390.0 | 2033.33 | 0.21 | 5.0 | 16.67 | 10.17 | -9.36 | -21.53 | 277.32 | 3.2 | 18.45 | 127.78 | -44.01 | -0.17 | -27.78 | 78.33 | 0.79 | 21.28 | -6.01 | -8.35 |
| 23Q2 (15) | -0.21 | 54.35 | -133.33 | 15.91 | 9.35 | -15.82 | -5.83 | 51.05 | -142.92 | -2.54 | 77.56 | -373.12 | -3.45 | 69.76 | -650.0 | -2.50 | 58.54 | -594.44 | -0.20 | 83.87 | -157.14 | 0.20 | 33.33 | 11.11 | 11.22 | 64.28 | -25.4 | 268.71 | 9.32 | -20.01 | 228.21 | 117.03 | 187.77 | -128.21 | -2390.84 | -136.28 | 22.64 | -20.51 | -6.14 |
| 23Q1 (14) | -0.46 | 8.0 | 28.12 | 14.55 | -30.48 | -13.6 | -11.91 | -892.5 | -217.6 | -11.32 | -141.36 | -42.39 | -11.41 | -42.27 | -41.04 | -6.03 | -16.63 | 13.24 | -1.24 | -16.98 | -16.98 | 0.15 | -21.05 | -21.05 | 6.83 | -26.32 | 16.75 | 245.80 | 0.98 | -28.05 | 105.15 | 303.99 | 121.98 | -5.15 | -106.96 | -109.78 | 28.48 | 22.18 | 23.02 |
| 22Q4 (13) | -0.50 | -108.33 | 59.68 | 20.93 | 10.98 | 24.96 | -1.20 | 40.89 | 40.59 | -4.69 | -189.51 | 54.38 | -8.02 | -185.41 | 42.3 | -5.17 | -163.78 | 61.65 | -1.06 | -3433.33 | 58.59 | 0.19 | 5.56 | -13.64 | 9.27 | -28.47 | 403.8 | 243.42 | 3.97 | -34.27 | 26.03 | -79.67 | 33.56 | 73.97 | 364.19 | -8.12 | 23.31 | 0.39 | 8.52 |
| 22Q3 (12) | -0.24 | -166.67 | 14.29 | 18.86 | -0.21 | 24.74 | -2.03 | 15.42 | 43.92 | -1.62 | -274.19 | 41.52 | -2.81 | -510.87 | 6.95 | -1.96 | -444.44 | 27.41 | -0.03 | -108.57 | 85.0 | 0.18 | 0.0 | -18.18 | 12.96 | -13.83 | 40.26 | 234.13 | -30.31 | -26.62 | 128.00 | 149.23 | -1.68 | -28.00 | -107.92 | 7.25 | 23.22 | -3.73 | 3.8 |
| 22Q2 (11) | -0.09 | 85.94 | 86.76 | 18.90 | 12.23 | 41.04 | -2.40 | 36.0 | 68.5 | 0.93 | 111.7 | 110.6 | -0.46 | 94.31 | 94.84 | -0.36 | 94.82 | 94.61 | 0.35 | 133.02 | 128.69 | 0.18 | -5.26 | -5.26 | 15.04 | 157.09 | 212.03 | 335.95 | -1.66 | 8.45 | -260.00 | -648.89 | -400.62 | 353.33 | 571.33 | 2652.28 | 24.12 | 4.19 | -1.03 |
| 22Q1 (10) | -0.64 | 48.39 | -120.69 | 16.84 | 0.54 | 4.27 | -3.75 | -85.64 | -27.55 | -7.95 | 22.67 | -160.66 | -8.09 | 41.8 | -150.46 | -6.95 | 48.44 | -174.7 | -1.06 | 58.59 | -360.87 | 0.19 | -13.64 | -5.0 | 5.85 | 217.93 | -37.16 | 341.62 | -7.76 | 16.78 | 47.37 | 143.07 | -50.88 | 52.63 | -34.63 | 1373.68 | 23.15 | 7.77 | -1.91 |
| 21Q4 (9) | -1.24 | -342.86 | -300.0 | 16.75 | 10.78 | -3.51 | -2.02 | 44.2 | -189.38 | -10.28 | -271.12 | -222.26 | -13.90 | -360.26 | -297.14 | -13.48 | -399.26 | -355.41 | -2.56 | -1180.0 | -814.29 | 0.22 | 0.0 | 4.76 | 1.84 | -80.09 | -79.69 | 370.35 | 16.07 | 29.7 | 19.49 | -85.03 | 127.9 | 80.51 | 366.7 | -52.6 | 21.48 | -3.98 | -2.5 |
| 21Q3 (8) | -0.28 | 58.82 | -33.33 | 15.12 | 12.84 | -22.5 | -3.62 | 52.49 | -216.03 | -2.77 | 68.42 | -82.24 | -3.02 | 66.11 | -51.0 | -2.70 | 59.58 | -28.57 | -0.20 | 83.61 | 0 | 0.22 | 15.79 | -12.0 | 9.24 | 91.7 | -2.43 | 319.07 | 3.0 | 5.74 | 130.19 | 50.53 | 164.15 | -30.19 | -335.15 | -109.97 | 22.37 | -8.21 | 11.68 |
| 21Q2 (7) | -0.68 | -134.48 | -241.67 | 13.40 | -17.03 | -32.76 | -7.62 | -159.18 | -277.21 | -8.77 | -187.54 | -274.35 | -8.91 | -175.85 | -292.03 | -6.68 | -164.03 | -224.86 | -1.22 | -430.43 | -174.39 | 0.19 | -5.0 | -26.92 | 4.82 | -48.23 | -67.43 | 309.77 | 5.89 | -12.32 | 86.49 | -10.31 | 1.64 | 12.84 | 259.46 | -13.91 | 24.37 | 3.26 | 0 |
| 21Q1 (6) | -0.29 | 6.45 | 60.81 | 16.15 | -6.97 | 25.29 | -2.94 | -230.09 | 78.6 | -3.05 | 4.39 | 74.56 | -3.23 | 7.71 | 73.22 | -2.53 | 14.53 | 67.01 | -0.23 | 17.86 | 82.71 | 0.20 | -4.76 | 33.33 | 9.31 | 2.76 | 70.51 | 292.53 | 2.44 | -14.11 | 96.43 | 238.07 | -15.96 | 3.57 | -97.9 | 124.22 | 23.60 | 7.13 | 0 |
| 20Q4 (5) | -0.31 | -47.62 | -210.0 | 17.36 | -11.02 | -5.55 | 2.26 | -27.56 | 212.44 | -3.19 | -109.87 | -225.51 | -3.50 | -75.0 | -175.59 | -2.96 | -40.95 | -140.65 | -0.28 | 0 | -264.71 | 0.21 | -16.0 | -4.55 | 9.06 | -4.33 | -3.1 | 285.55 | -5.37 | -14.1 | -69.84 | 65.59 | -134.07 | 169.84 | -43.94 | 261.75 | 22.03 | 9.99 | 0 |
| 20Q3 (4) | -0.21 | -143.75 | 0.0 | 19.51 | -2.11 | 0.0 | 3.12 | -27.44 | 0.0 | -1.52 | -130.22 | 0.0 | -2.00 | -143.1 | 0.0 | -2.10 | -139.25 | 0.0 | 0.00 | -100.0 | 0.0 | 0.25 | -3.85 | 0.0 | 9.47 | -36.01 | 0.0 | 301.75 | -14.59 | 0.0 | -202.94 | -338.51 | 0.0 | 302.94 | 1931.49 | 0.0 | 20.03 | 0 | 0.0 |
| 20Q2 (3) | 0.48 | 164.86 | 0.0 | 19.93 | 54.62 | 0.0 | 4.30 | 131.3 | 0.0 | 5.03 | 141.95 | 0.0 | 4.64 | 138.47 | 0.0 | 5.35 | 169.75 | 0.0 | 1.64 | 223.31 | 0.0 | 0.26 | 73.33 | 0.0 | 14.80 | 171.06 | 0.0 | 353.30 | 3.73 | 0.0 | 85.09 | -25.85 | 0.0 | 14.91 | 201.14 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.74 | -640.0 | 0.0 | 12.89 | -29.87 | 0.0 | -13.74 | -583.58 | 0.0 | -11.99 | -1123.47 | 0.0 | -12.06 | -849.61 | 0.0 | -7.67 | -523.58 | 0.0 | -1.33 | -882.35 | 0.0 | 0.15 | -31.82 | 0.0 | 5.46 | -41.6 | 0.0 | 340.59 | 2.45 | 0.0 | 114.74 | -44.03 | 0.0 | -14.74 | 85.96 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.10 | 0.0 | 0.0 | 18.38 | 0.0 | 0.0 | -2.01 | 0.0 | 0.0 | -0.98 | 0.0 | 0.0 | -1.27 | 0.0 | 0.0 | -1.23 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | 0.22 | 0.0 | 0.0 | 9.35 | 0.0 | 0.0 | 332.43 | 0.0 | 0.0 | 205.00 | 0.0 | 0.0 | -105.00 | 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) | -0.78 | 0 | 17.45 | -7.43 | -4.41 | 0 | 10.30 | -2.2 | -3.85 | 0 | -3.23 | 0 | -9.04 | 0 | -0.45 | 0 | 0.77 | 0.0 | 10.20 | -4.85 | 284.67 | 16.95 | 114.47 | 63.42 | -14.47 | 0 | 0.58 | -5.86 | 22.84 | -2.6 |
| 2022 (9) | -1.39 | 0 | 18.85 | 22.32 | -2.37 | 0 | 10.53 | 11.93 | -3.39 | 0 | -4.88 | 0 | -14.98 | 0 | -1.83 | 0 | 0.77 | -6.1 | 10.72 | 69.62 | 243.42 | -34.27 | 70.05 | 9.55 | 29.95 | -16.42 | 0.61 | 14.95 | 23.45 | 2.36 |
| 2021 (8) | -2.50 | 0 | 15.41 | -14.29 | -3.95 | 0 | 9.41 | 4.15 | -6.17 | 0 | -7.25 | 0 | -25.15 | 0 | -4.16 | 0 | 0.82 | -2.38 | 6.32 | -38.34 | 370.35 | 29.7 | 63.94 | 0 | 35.84 | -70.87 | 0.53 | 6.4 | 22.91 | 3.29 |
| 2020 (7) | -0.78 | 0 | 17.98 | 10.44 | 0.42 | 0 | 9.03 | 2.75 | -1.79 | 0 | -2.14 | 0 | -7.30 | 0 | 0.00 | 0 | 0.84 | -5.62 | 10.25 | 24.09 | 285.55 | -14.1 | -23.02 | 0 | 123.02 | 0 | 0.50 | 5.56 | 22.18 | -11.98 |
| 2019 (6) | -1.35 | 0 | 16.28 | 10.97 | -4.26 | 0 | 8.79 | 3.51 | -3.50 | 0 | -3.86 | 0 | -12.57 | 0 | -1.56 | 0 | 0.89 | 2.3 | 8.26 | 108.06 | 332.43 | 60.53 | 121.37 | -0.15 | -21.76 | 0 | 0.47 | -28.93 | 25.20 | -2.4 |
| 2018 (5) | -2.29 | 0 | 14.67 | -10.38 | -8.11 | 0 | 8.49 | -3.18 | -6.67 | 0 | -7.31 | 0 | -18.08 | 0 | -5.18 | 0 | 0.87 | 8600.0 | 3.97 | 13.11 | 207.08 | 26.1 | 121.56 | -30.54 | -21.56 | 0 | 0.67 | 0 | 25.82 | -32.12 |
| 2017 (4) | -0.03 | 0 | 16.37 | 0 | -13.16 | 0 | 8.77 | 0 | -7.14 | 0 | -13.08 | 0 | -0.23 | 0 | -0.08 | 0 | 0.01 | 0 | 3.51 | 0 | 164.22 | 0 | 175.00 | 0 | -75.00 | 0 | 0.00 | 0 | 38.04 | 0 |
