- 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) | -0.10 | -211.11 | -900.0 | 54.36 | -43.73 | -12.11 | -686.88 | -1778.18 | 0.73 | -835.79 | -1554.81 | -809.75 | -835.79 | -1681.44 | -809.75 | -6.30 | -211.9 | -584.78 | -5.72 | -210.85 | -633.33 | 0.01 | -90.0 | 0.0 | -722.22 | -1234.85 | -3150.32 | 9.78 | 1.66 | -24.94 | 81.94 | 14.72 | -88.48 | 18.06 | -36.81 | 102.9 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.09 | 1000.0 | 800.0 | 96.61 | 53.32 | -0.09 | 40.93 | 107.0 | 41.43 | 57.45 | 193.77 | 212.57 | 52.85 | 186.26 | 425.35 | 5.63 | 1123.64 | 426.17 | 5.16 | 1175.0 | 426.53 | 0.10 | 900.0 | 0.0 | 63.64 | 536.4 | 142.35 | 9.62 | 2.78 | -23.35 | 71.43 | -92.74 | -55.67 | 28.57 | 103.23 | 146.75 | 28.36 | -92.76 | -15.67 |
| 24Q1 (18) | -0.01 | -103.85 | 85.71 | 63.01 | -17.41 | 14.11 | -584.31 | 41.12 | 37.42 | -61.27 | -102.86 | 92.99 | -61.27 | -102.84 | 92.99 | -0.55 | -103.01 | 89.7 | -0.48 | -102.91 | 90.22 | 0.01 | 0.0 | 0.0 | 10.00 | -99.53 | 101.4 | 9.36 | -5.65 | 2.18 | 983.33 | 2228.63 | 810.49 | -883.33 | -704.21 | -14622.22 | 391.67 | 1.17 | -23.95 |
| 23Q4 (17) | 0.26 | 2700.0 | 262.5 | 76.29 | 23.35 | 16.54 | -992.39 | -43.43 | 45.65 | 2143.28 | 2432.95 | 190.1 | 2160.98 | 2452.22 | 190.95 | 18.30 | 2089.13 | 266.67 | 16.47 | 2211.54 | 262.59 | 0.01 | 0.0 | 0 | 2122.22 | 9650.95 | 201.06 | 9.92 | -23.87 | 24.94 | -46.20 | -106.5 | -160.16 | 146.20 | 123.5 | 529.77 | 387.14 | 2.54 | -17.46 |
| 23Q3 (16) | -0.01 | -200.0 | -150.0 | 61.85 | -36.04 | -34.33 | -691.91 | -2490.84 | -509.18 | -91.87 | -599.84 | -227.14 | -91.87 | -1013.22 | -262.95 | -0.92 | -185.98 | -193.88 | -0.78 | -179.59 | -185.71 | 0.01 | -90.0 | -50.0 | -22.22 | -184.62 | -120.1 | 13.03 | 3.82 | 50.64 | 711.11 | 341.38 | 552.53 | -622.22 | -918.18 | -341.98 | 377.54 | 1022.63 | 2954.53 |
| 23Q2 (15) | 0.01 | 114.29 | 107.14 | 96.70 | 75.12 | 32.87 | 28.94 | 103.1 | 100.78 | 18.38 | 102.1 | 100.48 | 10.06 | 101.15 | 100.26 | 1.07 | 120.04 | 112.15 | 0.98 | 119.96 | 112.13 | 0.10 | 900.0 | 0 | 26.26 | 103.66 | 100.83 | 12.55 | 37.01 | 28.06 | 161.11 | 49.18 | 65.99 | -61.11 | -918.52 | -2177.78 | 33.63 | -93.47 | -97.6 |
| 23Q1 (14) | -0.07 | 56.25 | -40.0 | 55.22 | -15.64 | -43.25 | -933.70 | 48.86 | -28.45 | -874.49 | 63.24 | -193.31 | -874.49 | 63.2 | -155.02 | -5.34 | 51.37 | -97.78 | -4.91 | 51.53 | -100.41 | 0.01 | 0 | 0.0 | -716.67 | 65.87 | -241.27 | 9.16 | 15.37 | 14.07 | 108.00 | 40.65 | -55.26 | -6.00 | -125.85 | 95.76 | 515.05 | 9.81 | 35.45 |
| 22Q4 (13) | -0.16 | -900.0 | 15.79 | 65.46 | -30.5 | 1329.26 | -1825.88 | -1507.57 | 76.59 | -2378.71 | -3391.88 | 66.98 | -2376.04 | -4314.33 | 73.97 | -10.98 | -1220.41 | -3.98 | -10.13 | -1213.19 | -3.26 | 0.00 | -100.0 | 0 | -2100.00 | -1999.94 | 59.22 | 7.94 | -8.21 | -28.47 | 76.79 | 148.86 | -29.02 | 23.21 | -90.97 | 383.73 | 469.04 | 3694.82 | -77.13 |
| 22Q3 (12) | 0.02 | 114.29 | 110.0 | 94.19 | 29.42 | 21.07 | -113.58 | 96.93 | 96.19 | 72.26 | 101.9 | 102.39 | 56.38 | 101.48 | 100.94 | 0.98 | 111.12 | 110.07 | 0.91 | 111.26 | 109.77 | 0.02 | 0 | 0 | 110.53 | 103.49 | 103.45 | 8.65 | -11.73 | 96.15 | -157.14 | -261.9 | -259.39 | 257.14 | 8642.86 | 18157.14 | 12.36 | -99.12 | -99.25 |
| 22Q2 (11) | -0.14 | -180.0 | -109.09 | 72.78 | -25.2 | -27.18 | -3697.24 | -408.64 | -4198.48 | -3810.39 | -1178.01 | -4406.99 | -3816.08 | -1012.85 | -4415.37 | -8.81 | -226.3 | -107.72 | -8.08 | -229.8 | -107.52 | 0.00 | -100.0 | -100.0 | -3166.67 | -1407.94 | -3655.26 | 9.80 | 22.04 | 110.75 | 97.06 | -59.79 | -4.84 | 2.94 | 102.08 | 247.19 | 1401.97 | 268.7 | 37087.53 |
| 22Q1 (10) | -0.05 | 73.68 | 16.67 | 97.30 | 2024.45 | 24.57 | -726.89 | 90.68 | -896.01 | -298.15 | 95.86 | -215.2 | -342.91 | 96.24 | -262.52 | -2.70 | 74.43 | 73.74 | -2.45 | 75.03 | 71.48 | 0.01 | 0 | -88.89 | -210.00 | 95.92 | -168.34 | 8.03 | -27.66 | -36.27 | 241.38 | 123.12 | 212.37 | -141.38 | -1627.97 | -722.07 | 380.25 | -81.46 | 370.9 |
| 21Q4 (9) | -0.19 | 5.0 | -5.56 | 4.58 | -94.11 | -95.18 | -7797.91 | -161.4 | -490.26 | -7204.51 | -138.35 | -343.62 | -9127.73 | -51.85 | -462.09 | -10.56 | -8.53 | 60.03 | -9.81 | -5.37 | 56.05 | 0.00 | 0 | -100.0 | -5150.00 | -60.94 | -237.7 | 11.10 | 151.7 | -57.04 | 108.18 | 9.73 | 32.68 | -8.18 | -680.91 | -144.32 | 2051.14 | 24.64 | 331.75 |
| 21Q3 (8) | -0.20 | -112.99 | -42.86 | 77.80 | -22.16 | -15.04 | -2983.19 | -3406.94 | -54.6 | -3022.62 | -3516.55 | -39.26 | -6011.21 | -6897.7 | -176.93 | -9.73 | -108.52 | 42.29 | -9.31 | -108.67 | 38.18 | 0.00 | -100.0 | -100.0 | -3200.00 | -3692.68 | -73.91 | 4.41 | -5.16 | -63.64 | 98.59 | -3.34 | 10.92 | 1.41 | 170.49 | -87.32 | 1645.63 | 43550.66 | 125.39 |
| 21Q2 (7) | 1.54 | 2666.67 | 1200.0 | 99.95 | 27.96 | 76.5 | 90.21 | 223.61 | 111.25 | 88.47 | 193.53 | 106.45 | 88.43 | 193.49 | 106.44 | 114.18 | 1210.7 | 863.24 | 107.39 | 1350.17 | 897.25 | 1.21 | 1244.44 | 12000.0 | 89.07 | 213.81 | 106.56 | 4.65 | -63.1 | -60.02 | 102.00 | 32.0 | 75.1 | -2.00 | -108.79 | -104.79 | 3.77 | -95.33 | 0 |
| 21Q1 (6) | -0.06 | 66.67 | 40.0 | 78.11 | -17.81 | -21.89 | -72.98 | 94.48 | 95.41 | -94.59 | 94.18 | 95.77 | -94.59 | 94.18 | 95.65 | -10.28 | 61.09 | -10.78 | -8.59 | 61.51 | -5.14 | 0.09 | 800.0 | 0 | -78.26 | 94.87 | 96.44 | 12.60 | -51.24 | 21.27 | 77.27 | -5.23 | 7.89 | 22.73 | 23.11 | -19.91 | 80.75 | -83.0 | 0 |
| 20Q4 (5) | -0.18 | -28.57 | 35.71 | 95.04 | 3.79 | 110.03 | -1321.09 | 31.54 | -7.54 | -1624.02 | 25.18 | 45.65 | -1623.90 | 25.19 | 44.46 | -26.42 | -56.7 | -21.42 | -22.32 | -48.21 | -17.29 | 0.01 | 0.0 | 0.0 | -1525.00 | 17.12 | 45.26 | 25.84 | 113.03 | 60.9 | 81.54 | -8.27 | 98.02 | 18.46 | 66.15 | -68.62 | 475.08 | -34.93 | 101.01 |
| 20Q3 (4) | -0.14 | 0.0 | 0.0 | 91.57 | 61.7 | 0.0 | -1929.64 | -140.74 | 0.0 | -2170.51 | -58.14 | 0.0 | -2170.64 | -58.11 | 0.0 | -16.86 | -12.7 | 0.0 | -15.06 | -11.8 | 0.0 | 0.01 | 0.0 | 0.0 | -1840.00 | -35.58 | 0.0 | 12.13 | 4.3 | 0.0 | 88.89 | 52.59 | 0.0 | 11.11 | -73.39 | 0.0 | 730.12 | 0 | 0.0 |
| 20Q2 (3) | -0.14 | -40.0 | 0.0 | 56.63 | -43.37 | 0.0 | -801.53 | 49.63 | 0.0 | -1372.54 | 38.61 | 0.0 | -1372.85 | 36.83 | 0.0 | -14.96 | -61.21 | 0.0 | -13.47 | -64.87 | 0.0 | 0.01 | 0 | 0.0 | -1357.14 | 38.31 | 0.0 | 11.63 | 11.93 | 0.0 | 58.25 | -18.67 | 0.0 | 41.75 | 47.11 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.10 | 64.29 | 0.0 | 100.00 | 120.99 | 0.0 | -1591.24 | -29.53 | 0.0 | -2235.80 | 25.17 | 0.0 | -2173.35 | 25.66 | 0.0 | -9.28 | 57.35 | 0.0 | -8.17 | 57.07 | 0.0 | 0.00 | -100.0 | 0.0 | -2200.00 | 21.03 | 0.0 | 10.39 | -35.31 | 0.0 | 71.62 | 73.94 | 0.0 | 28.38 | -51.76 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.28 | 0.0 | 0.0 | 45.25 | 0.0 | 0.0 | -1228.43 | 0.0 | 0.0 | -2988.03 | 0.0 | 0.0 | -2923.72 | 0.0 | 0.0 | -21.76 | 0.0 | 0.0 | -19.03 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -2785.71 | 0.0 | 0.0 | 16.06 | 0.0 | 0.0 | 41.18 | 0.0 | 0.0 | 58.82 | 0.0 | 0.0 | 236.35 | 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) | 0.19 | 0 | 90.70 | 1.13 | -141.88 | 0 | 21.14 | -71.82 | 116.53 | 0 | 111.04 | 0 | 13.09 | 0 | 12.09 | 0 | 0.11 | 266.67 | 139.84 | 0 | 9.92 | 24.94 | -122.38 | 0 | 222.38 | 0 | 1.06 | 0.6 | 106.83 | -60.9 |
| 2022 (9) | -0.33 | 0 | 89.69 | -9.42 | -766.41 | 0 | 75.00 | 3497.22 | -634.18 | 0 | -654.61 | 0 | -21.33 | 0 | -19.39 | 0 | 0.03 | -97.74 | -555.56 | 0 | 7.94 | -28.47 | 120.87 | 17.78 | -20.87 | 0 | 1.05 | -26.82 | 273.22 | 2192.11 |
| 2021 (8) | 1.08 | 0 | 99.02 | 19.63 | 69.48 | 0 | 2.08 | -98.29 | 67.67 | 0 | 59.92 | 0 | 91.47 | 0 | 79.60 | 0 | 1.33 | 4333.33 | 69.88 | 0 | 11.10 | -57.04 | 102.63 | 36.05 | -2.63 | 0 | 1.44 | -73.39 | 11.92 | -97.7 |
| 2020 (7) | -0.56 | 0 | 82.77 | 32.28 | -1312.10 | 0 | 121.74 | -18.84 | -1737.14 | 0 | -1728.37 | 0 | -64.39 | 0 | -53.82 | 0 | 0.03 | 50.0 | -1630.43 | 0 | 25.84 | 60.9 | 75.43 | -21.03 | 24.57 | 448.1 | 5.40 | 50.13 | 518.92 | -1.76 |
| 2019 (6) | -0.41 | 0 | 62.57 | -28.87 | -1364.25 | 0 | 150.00 | 542.86 | -1428.45 | 0 | -1455.57 | 0 | -30.99 | 0 | -27.64 | 0 | 0.02 | 0.0 | -1275.00 | 0 | 16.06 | 86.1 | 95.52 | 26.99 | 4.48 | -81.91 | 3.59 | 15.4 | 528.23 | 20.97 |
| 2018 (5) | -0.48 | 0 | 87.97 | -11.02 | -872.43 | 0 | 23.33 | 2480.67 | -1158.79 | 0 | -1158.79 | 0 | -27.26 | 0 | -25.33 | 0 | 0.02 | -95.74 | -1106.67 | 0 | 8.63 | 25.8 | 75.22 | 115.82 | 24.78 | -61.96 | 3.11 | 0 | 436.68 | 1681.64 |
| 2017 (4) | 1.04 | 0 | 98.87 | 10.52 | 47.08 | 0 | 0.90 | -67.0 | 134.92 | 0 | 134.92 | 0 | 71.08 | 0 | 63.64 | 0 | 0.47 | 135.0 | 136.89 | 0 | 6.86 | -68.65 | 34.85 | -63.39 | 65.15 | 1257.24 | 0.00 | 0 | 24.51 | -74.25 |
| 2016 (3) | -0.35 | 0 | 89.46 | 20.03 | -162.79 | 0 | 2.74 | -57.26 | -171.23 | 0 | -171.23 | 0 | -44.76 | 0 | -34.51 | 0 | 0.20 | 122.22 | -165.07 | 0 | 21.88 | -47.44 | 95.20 | -8.78 | 4.80 | 0 | 0.00 | 0 | 95.20 | -47.04 |
| 2015 (2) | -0.59 | 0 | 74.53 | -10.43 | -552.80 | 0 | 6.41 | 12.18 | -529.45 | 0 | -529.45 | 0 | -63.84 | 0 | -47.92 | 0 | 0.09 | -30.77 | -516.67 | 0 | 41.63 | 44.2 | 104.36 | 2.05 | -4.36 | 0 | 0.00 | 0 | 179.75 | 22.42 |
| 2014 (1) | -0.58 | 0 | 83.21 | 0 | -388.73 | 0 | 5.71 | -33.33 | -380.17 | 0 | -385.97 | 0 | -80.27 | 0 | -50.95 | 0 | 0.13 | 18.18 | -370.48 | 0 | 28.87 | -86.66 | 102.26 | -11.11 | -2.26 | 0 | 0.00 | 0 | 146.83 | -38.04 |
