- 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) | -0.41 | 10.87 | 25.45 | 31.87 | -57.36 | -41.69 | -2284.79 | 96.02 | 68.91 | -2016.53 | 96.17 | 68.69 | -2016.53 | 96.17 | 68.69 | -3.90 | 8.02 | 10.96 | -3.08 | 7.23 | 14.68 | 0.00 | 0 | 0 | -1650.00 | 0 | 67.65 | 24.24 | 7.88 | 24.5 | 113.64 | 3.31 | -1.19 | -13.64 | -36.36 | -2.27 | 646.12 | -95.75 | -55.86 |
| 24Q2 (19) | -0.46 | 31.34 | -1250.0 | 74.74 | 22.79 | 126.28 | -57400.00 | -6757.99 | -1224.78 | -52622.10 | -6586.25 | -4109.73 | -52647.40 | -6589.46 | -19439.31 | -4.24 | 27.77 | -1670.37 | -3.32 | 28.6 | -1206.67 | 0.00 | -100.0 | 0 | 0.00 | 100.0 | -100.0 | 22.47 | -16.31 | 18.7 | 110.00 | 4.29 | 132.46 | -10.00 | -46.0 | -102.28 | 15187.40 | 9360.2 | 1502.03 |
| 24Q1 (18) | -0.67 | -13.56 | -21.82 | 60.87 | 0 | 511.76 | -836.98 | 0 | 97.36 | -787.02 | 0 | 97.29 | -787.02 | 0 | 97.29 | -5.87 | -20.53 | -42.82 | -4.65 | -17.13 | -37.17 | 0.01 | 0 | 0 | -711.11 | 0 | 0 | 26.85 | 24.02 | 45.21 | 105.48 | 0.76 | -4.41 | -6.85 | -46.12 | 20.55 | 160.54 | 0 | -97.67 |
| 23Q4 (17) | -0.59 | -7.27 | 15.71 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -4.87 | -11.19 | -2.96 | -3.97 | -9.97 | -2.32 | 0.00 | 0 | 0 | 0.00 | 100.0 | 100.0 | 21.65 | 11.2 | 15.34 | 104.69 | -8.97 | -1.05 | -4.69 | 64.84 | 19.14 | 0.00 | -100.0 | -100.0 |
| 23Q3 (16) | -0.55 | -1475.0 | 14.06 | 54.66 | 65.49 | -23.26 | -7348.45 | -69.6 | 92.09 | -6440.51 | -590.76 | 92.53 | -6440.51 | -2465.83 | 92.53 | -4.38 | -1722.22 | 2.88 | -3.61 | -1303.33 | -4.94 | 0.00 | 0 | 0 | -5100.00 | -288.89 | 0 | 19.47 | 2.85 | -3.52 | 115.00 | 133.93 | 6.54 | -13.33 | -103.04 | -68.0 | 1463.67 | 54.39 | -93.05 |
| 23Q2 (15) | 0.04 | 107.27 | 106.9 | 33.03 | 231.96 | -44.66 | -4332.81 | 86.31 | -989.19 | 1312.36 | 104.52 | 450.15 | 272.23 | 100.94 | 172.63 | 0.27 | 106.57 | 106.32 | 0.30 | 108.85 | 108.36 | 0.00 | 0 | -100.0 | 2700.00 | 0 | 980.43 | 18.93 | 2.38 | -45.03 | -338.89 | -407.12 | -416.3 | 438.89 | 5191.11 | 8292.59 | 948.01 | -86.22 | 985.8 |
| 23Q1 (14) | -0.55 | 21.43 | -66.67 | 9.95 | -14.96 | -72.14 | -31659.20 | -612.56 | -11068.05 | -29059.70 | -592.87 | -12227.54 | -29059.70 | -592.87 | -12227.54 | -4.11 | 13.11 | -74.89 | -3.39 | 12.63 | -48.03 | 0.00 | 0 | -100.0 | 0.00 | 100.0 | 100.0 | 18.49 | -1.49 | 608.43 | 110.34 | 4.3 | -7.08 | -8.62 | -48.71 | 54.02 | 6881.09 | 732.58 | 6968.4 |
| 22Q4 (13) | -0.70 | -9.37 | -45.83 | 11.70 | -83.57 | -82.4 | -4443.03 | 95.22 | -286.49 | -4194.12 | 95.13 | -303.41 | -4194.12 | 95.13 | -303.41 | -4.73 | -4.88 | -39.94 | -3.88 | -12.79 | -17.58 | 0.00 | 0 | 0 | -2900.00 | 0 | -213.51 | 18.77 | -6.99 | 608.3 | 105.80 | -1.98 | -4.38 | -5.80 | 26.96 | 45.51 | 826.48 | -96.07 | 202.43 |
| 22Q3 (12) | -0.64 | -10.34 | -52.38 | 71.23 | 19.33 | 51.81 | -92879.50 | -23248.29 | -150.5 | -86198.60 | -22898.56 | -175.38 | -86198.60 | -22898.56 | -175.38 | -4.51 | -5.62 | -58.25 | -3.44 | 4.18 | -22.86 | 0.00 | -100.0 | 0 | 0.00 | 100.0 | 0 | 20.18 | -41.41 | 884.39 | 107.94 | 0.74 | -7.8 | -7.94 | -48.15 | 59.33 | 21056.20 | 24016.6 | 117.52 |
| 22Q2 (11) | -0.58 | -75.76 | -34.88 | 59.69 | 67.11 | 93.42 | -397.80 | -40.33 | 97.11 | -374.80 | -59.0 | 96.95 | -374.80 | -59.0 | 96.95 | -4.27 | -81.7 | -51.96 | -3.59 | -56.77 | -30.07 | 0.01 | 0.0 | 0 | -306.67 | -81.21 | 0 | 34.44 | 1219.54 | 1684.46 | 107.14 | -9.77 | -4.5 | -5.36 | 71.43 | 56.07 | 87.31 | -10.31 | -96.44 |
| 22Q1 (10) | -0.33 | 31.25 | 26.67 | 35.72 | -46.28 | -40.43 | -283.48 | 75.34 | 96.99 | -235.73 | 77.33 | 97.21 | -235.73 | 77.33 | 97.21 | -2.35 | 30.47 | 18.4 | -2.29 | 30.61 | 19.08 | 0.01 | 0 | 0 | -169.23 | 81.7 | 95.02 | 2.61 | -1.51 | 50.0 | 118.75 | 7.33 | 6.63 | -18.75 | -76.25 | -65.0 | 97.35 | -64.38 | -96.12 |
| 21Q4 (9) | -0.48 | -14.29 | 11.11 | 66.49 | 41.71 | 77.69 | -1149.59 | 96.9 | 96.66 | -1039.66 | 96.68 | 96.52 | -1039.66 | 96.68 | 96.62 | -3.38 | -18.6 | -10.82 | -3.30 | -17.86 | -10.37 | 0.00 | 0 | 0 | -925.00 | 0 | 0 | 2.65 | 29.27 | 18.3 | 110.64 | -5.5 | -3.97 | -10.64 | 45.48 | 30.09 | 273.28 | -97.18 | -96.83 |
| 21Q3 (8) | -0.42 | 2.33 | -180.0 | 46.92 | 52.04 | 16.02 | -37077.70 | -169.22 | 1.78 | -31301.50 | -154.9 | -225.58 | -31301.50 | -154.9 | -225.58 | -2.85 | -1.42 | -235.29 | -2.80 | -1.45 | -254.43 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.05 | 6.22 | 3.02 | 117.07 | 4.35 | -70.16 | -19.51 | -60.0 | 93.32 | 9680.00 | 295.03 | -2.48 |
| 21Q2 (7) | -0.43 | 4.44 | 36.76 | 30.86 | -48.53 | 145.22 | -13772.10 | -46.24 | 85.33 | -12279.80 | -45.19 | 86.01 | -12279.80 | -45.19 | 86.01 | -2.81 | 2.43 | 27.76 | -2.76 | 2.47 | 16.11 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 1.93 | 10.92 | -77.74 | 112.20 | 0.75 | 4.59 | -12.20 | -7.32 | -67.68 | 2450.45 | -2.42 | 0 |
| 21Q1 (6) | -0.45 | 16.67 | 22.41 | 59.96 | 60.24 | 5.75 | -9417.21 | 72.6 | 81.86 | -8457.83 | 71.73 | 82.42 | -8457.83 | 72.51 | 82.42 | -2.88 | 5.57 | 18.41 | -2.83 | 5.35 | 8.12 | 0.00 | 0 | 0 | -3400.00 | 0 | 0 | 1.74 | -22.32 | -92.62 | 111.36 | -3.34 | 4.68 | -11.36 | 25.32 | -33.52 | 2511.22 | -70.85 | 0 |
| 20Q4 (5) | -0.54 | -260.0 | -1.89 | 37.42 | -7.47 | 75.6 | -34374.20 | 8.94 | -84.62 | -29916.80 | -211.18 | -84.26 | -30768.40 | -220.04 | -87.07 | -3.05 | -258.82 | 0.0 | -2.99 | -278.48 | -0.34 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 2.24 | 12.56 | -7.05 | 115.22 | -70.63 | 2.42 | -15.22 | 94.79 | -1.45 | 8615.48 | -13.2 | 0 |
| 20Q3 (4) | -0.15 | 77.94 | 0.0 | 40.44 | 159.25 | 0.0 | -37747.80 | 59.8 | 0.0 | -9613.97 | 89.05 | 0.0 | -9613.97 | 89.05 | 0.0 | -0.85 | 78.15 | 0.0 | -0.79 | 75.99 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 1.99 | -77.05 | 0.0 | 392.31 | 265.71 | 0.0 | -292.31 | -3919.23 | 0.0 | 9925.74 | 0 | 0.0 |
| 20Q2 (3) | -0.68 | -17.24 | 0.0 | -68.25 | -220.37 | 0.0 | -93903.20 | -80.93 | 0.0 | -87787.30 | -82.5 | 0.0 | -87787.30 | -82.5 | 0.0 | -3.89 | -10.2 | 0.0 | -3.29 | -6.82 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 8.67 | -63.23 | 0.0 | 107.27 | 0.84 | 0.0 | -7.27 | 14.55 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.58 | -9.43 | 0.0 | 56.70 | 166.07 | 0.0 | -51900.00 | -178.74 | 0.0 | -48102.10 | -196.26 | 0.0 | -48102.10 | -192.45 | 0.0 | -3.53 | -15.74 | 0.0 | -3.08 | -3.36 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 23.58 | 878.42 | 0.0 | 106.38 | -5.44 | 0.0 | -8.51 | 43.26 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.53 | 0.0 | 0.0 | 21.31 | 0.0 | 0.0 | -18619.30 | 0.0 | 0.0 | -16236.50 | 0.0 | 0.0 | -16447.90 | 0.0 | 0.0 | -3.05 | 0.0 | 0.0 | -2.98 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 2.41 | 0.0 | 0.0 | 112.50 | 0.0 | 0.0 | -15.00 | 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) | -1.65 | 0 | 39.14 | -15.7 | -10222.80 | 0 | 1000.00 | 669.23 | -6440.48 | 0 | -7016.60 | 0 | -13.11 | 0 | -10.63 | 0 | 0.00 | 0 | -4233.33 | 0 | 21.65 | 15.34 | 158.54 | 45.93 | -58.54 | 0 | 0.00 | 0 | 2133.36 | 1064.56 |
| 2022 (9) | -2.21 | 0 | 46.43 | -26.55 | -793.22 | 0 | 130.00 | -83.75 | -730.67 | 0 | -730.67 | 0 | -15.68 | 0 | -13.90 | 0 | 0.02 | 0 | -586.67 | 0 | 18.77 | 608.3 | 108.64 | -4.18 | -8.64 | 0 | 0.00 | 0 | 183.19 | -78.24 |
| 2021 (8) | -1.78 | 0 | 63.21 | 128.03 | -3560.33 | 0 | 800.00 | 0 | -3150.56 | 0 | -3150.56 | 0 | -11.90 | 0 | -11.62 | 0 | 0.00 | 0 | -2640.00 | 0 | 2.65 | 18.3 | 113.37 | -14.71 | -12.79 | 0 | 0.00 | 0 | 841.97 | -93.46 |
| 2020 (7) | -1.83 | 0 | 27.72 | 36.55 | -47476.50 | 0 | 0.00 | 0 | -35789.60 | 0 | -36082.30 | 0 | -11.46 | 0 | -11.06 | 0 | 0.00 | 0 | 0.00 | 0 | 2.24 | -7.05 | 132.92 | 21.6 | -32.92 | 0 | 0.00 | 0 | 12877.60 | 89.26 |
| 2019 (6) | -3.26 | 0 | 20.30 | -60.67 | -36766.10 | 0 | 4300.00 | -2.27 | -33607.40 | 0 | -33682.10 | 0 | -17.45 | 0 | -17.09 | 0 | 0.00 | 0 | -19200.00 | 0 | 2.41 | 25.52 | 109.31 | 7.95 | -9.31 | 0 | 0.38 | -63.35 | 6804.09 | 11.03 |
| 2018 (5) | -4.18 | 0 | 51.62 | 10.94 | -34728.00 | 0 | 4400.00 | 7.32 | -34297.60 | 0 | -34227.10 | 0 | -18.79 | 0 | -18.49 | 0 | 0.00 | 0 | -26100.00 | 0 | 1.92 | 40.15 | 101.26 | -9.43 | -1.26 | 0 | 1.02 | 0 | 6128.29 | -22.24 |
| 2017 (4) | -1.91 | 0 | 46.53 | -21.14 | -25366.40 | 0 | 4100.00 | 0 | -22733.00 | 0 | -22805.70 | 0 | -7.55 | 0 | -7.38 | 0 | 0.00 | 0 | -9000.00 | 0 | 1.37 | -45.63 | 111.81 | 2.13 | -11.81 | 0 | 0.00 | 0 | 7880.60 | -51.33 |
| 2016 (3) | -1.29 | 0 | 59.00 | -29.8 | -43610.90 | 0 | 0.00 | 0 | -39566.90 | 0 | -40752.70 | 0 | -4.75 | 0 | -4.58 | 0 | 0.00 | 0 | 0.00 | 0 | 2.52 | -23.17 | 109.47 | -4.37 | -10.53 | 0 | 0.00 | 0 | 16191.20 | 2839.9 |
| 2015 (2) | -1.02 | 0 | 84.05 | -14.41 | -1249.69 | 0 | 257.14 | 128.57 | -1085.29 | 0 | -1107.54 | 0 | -3.56 | 0 | -3.40 | 0 | 0.00 | 0 | -628.57 | 0 | 3.28 | -15.46 | 114.47 | -27.5 | -14.47 | 0 | 0.00 | 0 | 550.74 | 24.33 |
| 2014 (1) | -0.54 | 0 | 98.20 | 0 | -765.02 | 0 | 112.50 | 478.57 | -483.86 | 0 | -525.26 | 0 | -1.82 | 0 | -1.77 | 0 | 0.00 | 0 | -325.00 | 0 | 3.88 | 189.55 | 157.89 | -0.58 | -57.89 | 0 | 0.00 | 0 | 442.96 | 363.78 |
