- 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) | 0.62 | 195.38 | -1.59 | 49.57 | 213.02 | -0.5 | 30.25 | 108.27 | 47.92 | 27.39 | 107.09 | 16.26 | 27.39 | 107.09 | 16.26 | 4.41 | 178.47 | 18.23 | 2.88 | 186.75 | 12.06 | 0.10 | 900.0 | -9.09 | 34.46 | 111.21 | 12.91 | 52.80 | -14.51 | 8.31 | 110.70 | 16.77 | 27.39 | -10.29 | -286.4 | -178.53 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.65 | -47.73 | -14.04 | -43.86 | 72.63 | 62.03 | -365.89 | 17.83 | -8.48 | -386.58 | 15.49 | -18.8 | -386.58 | 15.49 | -18.8 | -5.62 | -59.21 | -28.9 | -3.32 | -62.75 | -16.08 | 0.01 | 0 | 0.0 | -307.50 | -0.22 | -25.11 | 61.76 | -8.03 | 17.98 | 94.81 | -2.28 | -8.26 | 5.52 | 121.88 | 248.47 | 195.39 | -37.76 | 4.71 |
| 24Q1 (18) | -0.44 | 55.1 | 25.42 | -160.25 | -1203.65 | -353.97 | -445.27 | -549.08 | -191.1 | -457.43 | -454.73 | -188.27 | -457.43 | -454.73 | -188.27 | -3.53 | 54.04 | 15.95 | -2.04 | 57.85 | 29.66 | 0.00 | -100.0 | -100.0 | -306.82 | -333.12 | -149.57 | 67.15 | 4.66 | 49.16 | 97.01 | 16.47 | 0.37 | 2.49 | -85.3 | -33.08 | 313.91 | 1334.69 | 299.07 |
| 23Q4 (17) | -0.98 | -255.56 | -800.0 | 14.52 | -70.86 | -64.52 | -68.60 | -435.45 | -1517.36 | -82.46 | -450.0 | -2821.45 | -82.46 | -450.0 | -6346.97 | -7.68 | -305.9 | -6500.0 | -4.84 | -288.33 | -3326.67 | 0.06 | -45.45 | 0.0 | -70.84 | -332.11 | -545.53 | 64.16 | 31.61 | 61.29 | 83.30 | -4.15 | -46.45 | 16.92 | 29.15 | 127.69 | 21.88 | 54.19 | -7.8 |
| 23Q3 (16) | 0.63 | 210.53 | -35.71 | 49.82 | 143.13 | -2.5 | 20.45 | 106.06 | -37.1 | 23.56 | 107.24 | -36.97 | 23.56 | 107.24 | -36.97 | 3.73 | 185.55 | -41.63 | 2.57 | 189.86 | -43.64 | 0.11 | 1000.0 | -8.33 | 30.52 | 112.42 | -30.75 | 48.75 | -6.88 | 21.3 | 86.90 | -15.91 | -0.34 | 13.10 | 452.4 | 0.35 | 14.19 | -92.4 | 16.22 |
| 23Q2 (15) | -0.57 | 3.39 | -618.18 | -115.52 | -227.25 | -388.94 | -337.29 | -120.51 | -5057.34 | -325.40 | -105.07 | -8117.17 | -325.40 | -105.07 | -8117.17 | -4.36 | -3.81 | -1182.35 | -2.86 | 1.38 | -1330.0 | 0.01 | -50.0 | -83.33 | -245.78 | -99.92 | -2797.91 | 52.35 | 16.28 | 20.01 | 103.35 | 6.92 | -36.17 | -3.72 | -200.0 | 94.42 | 186.60 | 137.22 | 554.74 |
| 23Q1 (14) | -0.59 | -521.43 | -7.27 | -35.30 | -186.24 | 83.72 | -152.96 | -3260.33 | 68.18 | -158.68 | -5336.96 | 66.09 | -158.68 | -12121.21 | 66.09 | -4.20 | -3600.0 | -7.14 | -2.90 | -2033.33 | 5.23 | 0.02 | -66.67 | 100.0 | -122.94 | -873.21 | 64.0 | 45.02 | 13.17 | 49.92 | 96.65 | -37.87 | -6.01 | 3.72 | 106.08 | 231.17 | 78.66 | 231.48 | -65.86 |
| 22Q4 (13) | 0.14 | -85.71 | -79.71 | 40.93 | -19.9 | -10.44 | 4.84 | -85.11 | -83.66 | 3.03 | -91.89 | -89.73 | 1.32 | -96.47 | -95.53 | 0.12 | -98.12 | -97.29 | 0.15 | -96.71 | -95.7 | 0.06 | -50.0 | -50.0 | 15.90 | -63.92 | -56.32 | 39.78 | -1.02 | 62.23 | 155.56 | 78.41 | 55.0 | -61.11 | -568.13 | -16950.0 | 23.73 | 94.35 | 100.76 |
| 22Q3 (12) | 0.98 | 790.91 | 164.86 | 51.10 | 27.81 | 28.33 | 32.51 | 597.09 | 54.74 | 37.38 | 1043.94 | 79.11 | 37.38 | 1043.94 | 79.11 | 6.39 | 1979.41 | 153.57 | 4.56 | 2380.0 | 133.85 | 0.12 | 100.0 | 33.33 | 44.07 | 383.75 | 51.55 | 40.19 | -7.86 | 27.83 | 87.19 | -46.15 | -13.36 | 13.05 | 119.58 | 2149.51 | 12.21 | -57.16 | -29.83 |
| 22Q2 (11) | 0.11 | 120.0 | 128.95 | 39.98 | 118.44 | 206.36 | -6.54 | 98.64 | 97.32 | -3.96 | 99.15 | 97.84 | -3.96 | 99.15 | 97.84 | -0.34 | 91.33 | 86.67 | -0.20 | 93.46 | 89.53 | 0.06 | 500.0 | 500.0 | 9.11 | 102.67 | 107.63 | 43.62 | 45.25 | 37.39 | 161.90 | 57.44 | 21.99 | -66.67 | -2252.38 | -103.77 | 28.50 | -87.63 | -80.87 |
| 22Q1 (10) | -0.55 | -179.71 | 5.17 | -216.79 | -574.38 | 81.7 | -480.68 | -1722.82 | 88.01 | -467.99 | -1686.41 | 87.53 | -467.99 | -1686.41 | 87.53 | -3.92 | -188.69 | 2.0 | -3.06 | -187.68 | 0.0 | 0.01 | -91.67 | 0 | -341.51 | -1038.21 | 88.22 | 30.03 | 22.47 | -2.21 | 102.83 | 2.47 | -3.82 | -2.83 | -690.69 | 59.06 | 230.42 | 1849.41 | -89.08 |
| 21Q4 (9) | 0.69 | 86.49 | -77.23 | 45.70 | 14.77 | 23.05 | 29.62 | 40.98 | 1762.89 | 29.50 | 41.35 | -80.25 | 29.50 | 41.35 | -80.25 | 4.42 | 75.4 | -78.4 | 3.49 | 78.97 | -78.32 | 0.12 | 33.33 | 9.09 | 36.40 | 25.17 | -76.74 | 24.52 | -22.01 | -11.89 | 100.36 | -0.28 | 9372.29 | -0.36 | 43.73 | -100.36 | 11.82 | -32.07 | -41.46 |
| 21Q3 (8) | 0.37 | 197.37 | -2.63 | 39.82 | 205.93 | -11.88 | 21.01 | 108.62 | -5.53 | 20.87 | 111.36 | -13.11 | 20.87 | 111.36 | -13.11 | 2.52 | 198.82 | -11.58 | 1.95 | 202.09 | -12.16 | 0.09 | 800.0 | 0.0 | 29.08 | 124.37 | -14.82 | 31.44 | -0.98 | 16.23 | 100.64 | -24.17 | 8.72 | -0.64 | 98.05 | -108.57 | 17.40 | -88.32 | 4.25 |
| 21Q2 (7) | -0.38 | 34.48 | -8.57 | -37.59 | 96.83 | 34.4 | -243.72 | 93.92 | 1.92 | -183.75 | 95.11 | 25.17 | -183.75 | 95.11 | 25.17 | -2.55 | 36.25 | 19.56 | -1.91 | 37.58 | 14.73 | 0.01 | 0 | 0.0 | -119.32 | 95.89 | 18.29 | 31.75 | 3.39 | -8.18 | 132.72 | 24.12 | 31.03 | -32.72 | -372.57 | -2435.49 | 148.95 | -92.94 | 0 |
| 21Q1 (6) | -0.58 | -119.14 | -1060.0 | -1184.73 | -3289.9 | -5896.14 | -4009.41 | -252264.15 | -75264.85 | -3754.13 | -2612.8 | -59020.16 | -3754.13 | -2612.8 | -59020.16 | -4.00 | -119.55 | -627.27 | -3.06 | -119.01 | -1124.0 | 0.00 | -100.0 | -100.0 | -2900.00 | -1952.8 | -24844.03 | 30.71 | 10.35 | -27.02 | 106.92 | 9991.89 | 22.96 | -6.92 | -107.0 | -139.81 | 2109.24 | 10346.95 | 0 |
| 20Q4 (5) | 3.03 | 697.37 | 4428.57 | 37.14 | -17.81 | 111.14 | 1.59 | -92.85 | 147.04 | 149.40 | 521.98 | 2995.35 | 149.40 | 521.98 | 2995.35 | 20.46 | 617.89 | 2535.71 | 16.10 | 625.23 | 4336.84 | 0.11 | 22.22 | 22.22 | 156.52 | 358.47 | 2705.02 | 27.83 | 2.88 | -61.21 | 1.06 | -98.86 | -98.39 | 98.94 | 1231.2 | 187.83 | 20.19 | 20.97 | 53.42 |
| 20Q3 (4) | 0.38 | 208.57 | 0.0 | 45.19 | 178.87 | 0.0 | 22.24 | 108.95 | 0.0 | 24.02 | 109.78 | 0.0 | 24.02 | 109.78 | 0.0 | 2.85 | 189.91 | 0.0 | 2.22 | 199.11 | 0.0 | 0.09 | 800.0 | 0.0 | 34.14 | 123.38 | 0.0 | 27.05 | -21.78 | 0.0 | 92.57 | -8.61 | 0.0 | 7.43 | 676.01 | 0.0 | 16.69 | 0 | 0.0 |
| 20Q2 (3) | -0.35 | -600.0 | 0.0 | -57.30 | -380.33 | 0.0 | -248.48 | -4570.68 | 0.0 | -245.55 | -3766.93 | 0.0 | -245.55 | -3766.93 | 0.0 | -3.17 | -476.36 | 0.0 | -2.24 | -796.0 | 0.0 | 0.01 | -83.33 | 0.0 | -146.03 | -1345.99 | 0.0 | 34.58 | -17.82 | 0.0 | 101.29 | 16.48 | 0.0 | -1.29 | -107.42 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.05 | 28.57 | 0.0 | 20.44 | 16.2 | 0.0 | -5.32 | -57.4 | 0.0 | -6.35 | -23.06 | 0.0 | -6.35 | -23.06 | 0.0 | -0.55 | 34.52 | 0.0 | -0.25 | 34.21 | 0.0 | 0.06 | -33.33 | 0.0 | 11.72 | 110.04 | 0.0 | 42.08 | -41.34 | 0.0 | 86.96 | 32.51 | 0.0 | 17.39 | -49.41 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.07 | 0.0 | 0.0 | 17.59 | 0.0 | 0.0 | -3.38 | 0.0 | 0.0 | -5.16 | 0.0 | 0.0 | -5.16 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | -0.38 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 5.58 | 0.0 | 0.0 | 71.74 | 0.0 | 0.0 | 65.62 | 0.0 | 0.0 | 34.38 | 0.0 | 0.0 | 13.16 | 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 | 23.02 | -41.84 | -40.49 | 0 | 11.15 | 7.29 | -43.13 | 0 | -43.13 | 0 | -12.50 | 0 | -7.98 | 0 | 0.19 | -26.92 | -28.68 | 0 | 64.16 | 61.29 | 93.90 | 55.83 | 6.10 | -84.89 | 0.74 | -27.39 | 30.70 | 27.23 |
| 2022 (9) | 0.68 | 580.0 | 39.58 | 15.09 | 4.16 | 0 | 10.39 | -7.26 | 6.94 | 767.5 | 6.49 | 711.25 | 2.25 | 922.73 | 1.91 | 496.87 | 0.26 | 18.18 | 19.45 | 36.88 | 39.78 | 62.23 | 60.26 | 0 | 40.38 | -91.69 | 1.02 | -30.41 | 24.13 | -16.79 |
| 2021 (8) | 0.10 | -96.7 | 34.39 | 3.18 | -3.02 | 0 | 11.20 | 4.18 | 0.80 | -98.75 | 0.80 | -98.75 | 0.22 | -99.04 | 0.32 | -98.02 | 0.22 | -12.0 | 14.21 | -81.65 | 24.52 | -11.89 | -385.71 | 0 | 485.71 | 375.39 | 1.46 | -10.96 | 29.00 | 18.61 |
| 2020 (7) | 3.03 | 0 | 33.33 | 158.57 | -1.38 | 0 | 10.75 | -33.43 | 64.05 | 0 | 64.05 | 0 | 22.90 | 0 | 16.15 | 0 | 0.25 | 19.05 | 77.42 | 0 | 27.83 | -61.21 | -2.17 | 0 | 102.17 | 1911.51 | 1.64 | -24.63 | 24.45 | -14.33 |
| 2019 (6) | -0.90 | 0 | 12.89 | 0 | -23.00 | 0 | 16.15 | -40.98 | -24.21 | 0 | -24.21 | 0 | -11.07 | 0 | -4.60 | 0 | 0.21 | 50.0 | -2.54 | 0 | 71.74 | -65.16 | 94.92 | -11.63 | 5.08 | 0 | 2.18 | -26.0 | 28.54 | -19.33 |
| 2018 (5) | -2.62 | 0 | -35.79 | 0 | -88.19 | 0 | 27.37 | -36.84 | -82.04 | 0 | -82.04 | 0 | -32.08 | 0 | -11.19 | 0 | 0.14 | 55.56 | -45.26 | 0 | 205.89 | 42.42 | 107.41 | 18.31 | -7.56 | 0 | 2.94 | -15.08 | 35.38 | -30.12 |
| 2017 (4) | -3.25 | 0 | -46.42 | 0 | -126.05 | 0 | 43.34 | 7.82 | -138.80 | 0 | -138.80 | 0 | -28.69 | 0 | -11.95 | 0 | 0.09 | -10.0 | -79.93 | 0 | 144.57 | 21.25 | 90.78 | -3.7 | 9.22 | 60.82 | 3.46 | 0 | 50.63 | 21.18 |
| 2016 (3) | -2.54 | 0 | -31.09 | 0 | -97.55 | 0 | 40.20 | -52.25 | -103.43 | 0 | -103.43 | 0 | -18.51 | 0 | -9.82 | 0 | 0.10 | 100.0 | -49.75 | 0 | 119.23 | 151.12 | 94.27 | -6.63 | 5.73 | 0 | 0.00 | 0 | 41.78 | -49.57 |
| 2015 (2) | -3.24 | 0 | -99.89 | 0 | -253.67 | 0 | 84.19 | 63.29 | -251.45 | 0 | -269.08 | 0 | -19.19 | 0 | -13.48 | 0 | 0.05 | -37.5 | -137.46 | 0 | 47.48 | 52.62 | 100.96 | 2.67 | -0.82 | 0 | 0.00 | 0 | 82.85 | 41.58 |
| 2014 (1) | -3.04 | 0 | -42.70 | 0 | -134.78 | 0 | 51.56 | -12.52 | -137.16 | 0 | -128.62 | 0 | -16.04 | 0 | -10.30 | 0 | 0.08 | 14.29 | -66.32 | 0 | 31.11 | -55.23 | 98.33 | 1.22 | 1.67 | -38.33 | 0.00 | 0 | 58.52 | -17.62 |
