- 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 | -25.0 | 37.5 | 20.70 | -18.31 | -38.67 | -42.60 | 72.43 | 99.63 | -74.62 | 59.98 | 99.46 | -74.62 | 59.98 | 99.46 | -2.71 | -17.83 | 81.05 | -1.76 | -7.32 | 30.98 | 0.03 | 200.0 | 0 | -57.69 | 62.91 | 0 | 37.62 | 4.27 | -86.49 | 57.89 | -29.7 | -29.24 | 42.11 | 138.6 | 131.58 | 40.26 | -64.31 | -99.18 |
| 24Q2 (19) | -0.08 | -60.0 | 33.33 | 25.34 | -2.99 | 163.96 | -154.52 | 29.45 | 73.16 | -186.45 | 15.42 | 73.2 | -186.45 | 15.42 | 73.2 | -2.30 | -79.69 | 87.44 | -1.64 | -84.27 | 6.29 | 0.01 | 0 | 0 | -155.56 | 22.22 | 68.89 | 36.08 | 11.15 | -94.82 | 82.35 | -8.5 | -3.92 | 17.65 | 0 | 23.53 | 112.81 | -22.18 | -65.33 |
| 24Q1 (18) | -0.05 | 80.0 | 50.0 | 26.12 | -27.94 | 393.76 | -219.01 | 98.99 | 92.89 | -220.44 | 99.12 | 93.28 | -220.44 | 99.12 | 93.28 | -1.28 | 72.59 | 94.05 | -0.89 | 66.54 | 42.21 | 0.00 | 0 | 0 | -200.00 | 0 | 0 | 32.46 | -10.58 | -96.51 | 90.00 | 5.88 | 8.0 | -0.00 | -100.0 | 0 | 144.96 | -98.27 | -91.44 |
| 23Q4 (17) | -0.25 | -56.25 | 90.97 | 36.25 | 7.41 | 100.1 | -21588.80 | -88.12 | 47.43 | -25046.20 | -82.14 | 57.41 | -25046.20 | -82.14 | 66.67 | -4.67 | 67.34 | 97.05 | -2.66 | -4.31 | 92.72 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 36.30 | -86.97 | -97.85 | 85.00 | 3.89 | 22.53 | 15.00 | -17.5 | -49.55 | 8401.25 | 70.58 | 566.99 |
| 23Q3 (16) | -0.16 | -33.33 | 60.0 | 33.75 | 251.56 | 104.94 | -11476.20 | -1893.43 | -241.35 | -13751.20 | -1876.6 | -177.06 | -13751.20 | -1876.6 | -156.11 | -14.30 | 21.9 | -12.42 | -2.55 | -45.71 | 43.83 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 278.49 | -60.05 | 60.29 | 81.82 | -4.55 | 16.88 | 18.18 | 27.27 | -39.39 | 4925.00 | 1413.52 | 600.59 |
| 23Q2 (15) | -0.12 | -20.0 | 60.0 | 9.60 | 81.47 | 100.33 | -575.70 | 81.3 | 89.06 | -695.70 | 78.78 | 88.54 | -695.70 | 78.78 | 89.85 | -18.31 | 14.92 | -95.83 | -1.75 | -13.64 | 46.97 | 0.00 | 0 | 0 | -500.00 | 0 | 0 | 697.18 | -24.98 | 330.17 | 85.71 | 2.86 | 0.0 | 14.29 | 0 | 0.0 | 325.40 | -80.79 | -72.28 |
| 23Q1 (14) | -0.10 | 96.39 | 76.74 | 5.29 | 100.01 | 0 | -3078.24 | 92.5 | 0 | -3278.24 | 94.43 | 0 | -3278.24 | 95.64 | 0 | -21.52 | 86.4 | -67.21 | -1.54 | 95.79 | 66.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 929.34 | -44.97 | 404.56 | 83.33 | 20.13 | -7.41 | -0.00 | -100.0 | -100.0 | 1693.53 | 34.45 | 0 |
| 22Q4 (13) | -2.77 | -592.5 | -59.2 | -37030.90 | -5324.74 | -2037.91 | -41063.80 | -1121.4 | -185.46 | -58805.90 | -1084.82 | -290.36 | -75152.70 | -1299.69 | -393.51 | -158.18 | -1143.55 | -284.21 | -36.56 | -705.29 | -128.93 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 1688.78 | 872.02 | 907.57 | 69.37 | -0.9 | -26.88 | 29.73 | -0.9 | 479.73 | 1259.57 | 79.18 | 198.72 |
| 22Q3 (12) | -0.40 | -33.33 | -14.29 | -682.63 | 76.61 | 0 | -3362.03 | 36.09 | 0 | -4963.28 | 18.27 | 0 | -5369.23 | 21.69 | 0 | -12.72 | -36.04 | -76.91 | -4.54 | -37.58 | -58.19 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 173.74 | 7.2 | 19.13 | 70.00 | -18.33 | -30.0 | 30.00 | 110.0 | 0 | 702.98 | -40.11 | 0 |
| 22Q2 (11) | -0.30 | 30.23 | 73.68 | -2918.78 | 0 | -3383.59 | -5260.70 | 0 | 90.48 | -6072.93 | 0 | 91.31 | -6856.77 | 0 | 90.43 | -9.35 | 27.35 | 53.96 | -3.30 | 27.15 | 62.54 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 162.07 | -12.01 | 20.9 | 85.71 | -4.76 | 7.14 | 14.29 | 42.86 | -35.06 | 1173.80 | 0 | -69.92 |
| 22Q1 (10) | -0.43 | 75.29 | 52.75 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -12.87 | 68.74 | 9.68 | -4.53 | 71.63 | 25.86 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 184.19 | 9.89 | 51.47 | 90.00 | -5.14 | -5.14 | 10.00 | 95.0 | 95.0 | 0.00 | -100.0 | -100.0 |
| 21Q4 (9) | -1.74 | -397.14 | -128.95 | -1732.11 | 0 | -3217.55 | -14384.90 | 0 | -91.94 | -15064.60 | 0 | 65.4 | -15228.20 | 0 | 65.48 | -41.17 | -472.6 | -296.25 | -15.97 | -456.45 | -253.32 | 0.00 | 0 | 0 | -7600.00 | 0 | 0 | 167.61 | 14.93 | 23.88 | 94.87 | -5.13 | 488.21 | 5.13 | 0 | -93.89 | 421.66 | 0 | 144.84 |
| 21Q3 (8) | -0.35 | 69.3 | 7.89 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -7.19 | 64.6 | -47.94 | -2.87 | 67.42 | -31.65 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 145.84 | 8.8 | 27.37 | 100.00 | 25.0 | -5.88 | -0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 21Q2 (7) | -1.14 | -25.27 | 12.31 | 88.89 | 100.04 | 599.38 | -55283.30 | 83.65 | -121884.33 | -69868.10 | 80.52 | -153119.52 | -71652.80 | 80.64 | -153628.38 | -20.31 | -42.53 | -36.49 | -8.81 | -44.19 | -19.38 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 134.05 | 10.24 | 24.51 | 80.00 | -15.68 | -18.49 | 22.00 | 329.0 | 0 | 3902.78 | -85.64 | 0 |
| 21Q1 (6) | -0.91 | -19.74 | -175.76 | -246855.00 | -444403.46 | -4339.84 | -338082.00 | -4411.1 | -1652.17 | -358600.00 | -723.63 | -1566.36 | -370127.00 | -739.08 | -1502.98 | -14.25 | -37.15 | -319.12 | -6.11 | -35.18 | -268.07 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 121.60 | -10.13 | 32.82 | 94.87 | 488.21 | 2.78 | 5.13 | -93.89 | -33.33 | 27172.70 | 2989.85 | 0 |
| 20Q4 (5) | -0.76 | -100.0 | -228.81 | 55.56 | 109.39 | -99.93 | -7494.44 | -372.77 | -120.58 | -43538.90 | -2944.19 | -136.53 | -44111.10 | -2910.96 | -152.31 | -10.39 | -113.79 | -339.95 | -4.52 | -107.34 | -269.92 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 135.30 | 18.17 | 56.94 | 16.13 | -84.82 | -48.39 | 83.87 | 770.97 | 21.99 | -940.28 | -414.67 | 0 |
| 20Q3 (4) | -0.38 | 70.77 | 0.0 | -591.42 | -3222.58 | 0.0 | -1585.21 | -3397.82 | 0.0 | -1430.23 | -3036.47 | 0.0 | -1465.02 | -3043.15 | 0.0 | -4.86 | 67.34 | 0.0 | -2.18 | 70.46 | 0.0 | 0.00 | -100.0 | 0.0 | -1400.00 | -3050.32 | 0.0 | 114.50 | 6.35 | 0.0 | 106.25 | 8.25 | 0.0 | -12.50 | 0 | 0.0 | 298.81 | 0 | 0.0 |
| 20Q2 (3) | -1.30 | -293.94 | 0.0 | -17.80 | 99.68 | 0.0 | -45.32 | 99.77 | 0.0 | -45.60 | 99.79 | 0.0 | -46.61 | 99.8 | 0.0 | -14.88 | -337.65 | 0.0 | -7.38 | -344.58 | 0.0 | 0.16 | 0 | 0.0 | -44.44 | 0 | 0.0 | 107.66 | 17.6 | 0.0 | 98.15 | 6.33 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.33 | -155.93 | 0.0 | -5560.00 | -106.61 | 0.0 | -19295.00 | -152.98 | 0.0 | -21520.00 | -118.06 | 0.0 | -23090.00 | -127.38 | 0.0 | -3.40 | -178.52 | 0.0 | -1.66 | -162.41 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 91.55 | 6.19 | 0.0 | 92.31 | 195.38 | 0.0 | 7.69 | -88.81 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.59 | 0.0 | 0.0 | 84148.10 | 0.0 | 0.0 | 36422.20 | 0.0 | 0.0 | 119181.00 | 0.0 | 0.0 | 84322.20 | 0.0 | 0.0 | 4.33 | 0.0 | 0.0 | 2.66 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 86.21 | 0.0 | 0.0 | 31.25 | 0.0 | 0.0 | 68.75 | 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) | -0.54 | 0 | 12.11 | 0 | -2815.19 | 0 | 300.00 | -25.0 | -3275.79 | 0 | -3275.79 | 0 | -11.38 | 0 | -5.93 | 0 | 0.00 | 0 | -3600.00 | 0 | 36.30 | -97.85 | 84.09 | 13.97 | 13.64 | -47.99 | 0.00 | 0 | 1262.71 | -4.94 |
| 2022 (9) | -3.92 | 0 | -11240.20 | 0 | -14755.00 | 0 | 400.00 | 33.33 | -20048.40 | 0 | -24352.90 | 0 | -209.73 | 0 | -49.77 | 0 | 0.00 | 0 | -15700.00 | 0 | 1688.78 | 907.57 | 73.78 | -18.66 | 26.22 | 182.25 | 0.00 | 0 | 1328.29 | -25.47 |
| 2021 (8) | -4.13 | 0 | -7670.33 | 0 | -27709.20 | 0 | 300.00 | 8825.0 | -30476.70 | 0 | -31124.70 | 0 | -80.87 | 0 | -32.19 | 0 | 0.00 | 0 | -17600.00 | 0 | 167.61 | 23.88 | 90.71 | 16.48 | 9.29 | -59.63 | 0.00 | 0 | 1782.17 | 14616.52 |
| 2020 (7) | -2.77 | 0 | -25.85 | 0 | -73.79 | 0 | 3.36 | -82.35 | -95.64 | 0 | -98.10 | 0 | -32.90 | 0 | -15.48 | 0 | 0.16 | 700.0 | -88.24 | 0 | 135.30 | 56.94 | 77.88 | 11.55 | 23.01 | -24.96 | 0.00 | 0 | 12.11 | -88.92 |
| 2019 (6) | -5.65 | 0 | -55.61 | 0 | -717.77 | 0 | 19.05 | 254.29 | -1031.29 | 0 | -1061.89 | 0 | -45.34 | 0 | -20.35 | 0 | 0.02 | -71.43 | -957.14 | 0 | 86.21 | -38.65 | 69.81 | 3.21 | 30.66 | -4.3 | 0.00 | 0 | 109.27 | 300.99 |
| 2018 (5) | -9.40 | 0 | -138.13 | 0 | -223.91 | 0 | 5.38 | 316.13 | -330.32 | 0 | -327.22 | 0 | -44.79 | 0 | -21.38 | 0 | 0.07 | -74.07 | -313.98 | 0 | 140.53 | 80.68 | 67.64 | 10.32 | 32.04 | -16.61 | 0.00 | 0 | 27.25 | 271.76 |
| 2017 (4) | -11.90 | 0 | 32.88 | 120.38 | -58.27 | 0 | 1.29 | 133.85 | -94.84 | 0 | -94.55 | 0 | -38.18 | 0 | -25.02 | 0 | 0.27 | -38.64 | -91.21 | 0 | 77.78 | 177.39 | 61.31 | -40.44 | 38.42 | 0 | 0.00 | 0 | 7.33 | 61.45 |
| 2016 (3) | 1.08 | -64.12 | 14.92 | -58.89 | 6.45 | -71.77 | 0.55 | -13.54 | 6.25 | -75.89 | 4.84 | -77.13 | 2.89 | -68.89 | 2.47 | -63.41 | 0.44 | 46.67 | 7.92 | -72.14 | 28.04 | -43.92 | 102.94 | 17.44 | -2.94 | 0 | 0.00 | 0 | 4.54 | -45.56 |
| 2015 (2) | 3.01 | -3.53 | 36.29 | -37.31 | 22.85 | -40.53 | 0.64 | -46.01 | 25.92 | -40.43 | 21.16 | -39.82 | 9.29 | -28.15 | 6.75 | -26.55 | 0.30 | 20.0 | 28.43 | -40.68 | 50.00 | 12.01 | 87.65 | -1.56 | 12.35 | 0.14 | 0.00 | 0 | 8.34 | -2.0 |
| 2014 (1) | 3.12 | 121.28 | 57.89 | 0 | 38.42 | 0 | 1.18 | 250.3 | 43.51 | 0 | 35.16 | 0 | 12.93 | 0 | 9.19 | 0 | 0.25 | -75.96 | 47.93 | 357.78 | 44.64 | -30.39 | 89.04 | -15.2 | 12.33 | 0 | 0.00 | 0 | 8.51 | 237.7 |
