- 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) | -0.44 | -266.67 | -83.33 | -290.36 | -1133.68 | -475.65 | -1024.52 | -1023.62 | -28438.16 | -1150.42 | -1463.92 | -1835.43 | -1144.83 | -1535.47 | -2228.31 | -6.90 | 8.73 | 10.39 | -5.35 | -64.11 | -5.52 | 0.00 | -100.0 | -100.0 | -900.00 | -7100.0 | -2487.69 | 15.41 | -88.53 | -76.22 | 91.30 | -21.74 | 1178.26 | 13.04 | 178.26 | -85.95 | 508.75 | 364.1 | 479.18 |
| 24Q2 (19) | -0.12 | 72.09 | 95.1 | 28.09 | 100.22 | 121.6 | -91.18 | 99.6 | 82.1 | -73.56 | 99.63 | 86.87 | -70.00 | 99.59 | 87.51 | -7.56 | 66.08 | 86.18 | -3.26 | 70.2 | 92.81 | 0.05 | 0 | -37.5 | -12.50 | 0 | 97.69 | 134.32 | 14.41 | 331.9 | 116.67 | -0.62 | 29.01 | -16.67 | -27.78 | -291.67 | 109.62 | -98.86 | 59.47 |
| 24Q1 (18) | -0.43 | 52.75 | 6.52 | -12506.80 | -8214.59 | -45678.92 | -22678.00 | -4464.72 | -14597.34 | -19848.30 | -3886.48 | -13166.69 | -16901.70 | -3432.89 | -11197.17 | -22.29 | 36.28 | -189.48 | -10.94 | 44.61 | -66.26 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 117.40 | 31.6 | 722.7 | 117.39 | 17.39 | 12.06 | -13.04 | 0 | -173.91 | 9633.90 | 6732.55 | 8794.75 |
| 23Q4 (17) | -0.91 | -279.17 | 2.15 | -150.42 | -198.22 | -118.38 | -496.81 | -13738.72 | 33.29 | -497.89 | -737.63 | 41.07 | -478.41 | -872.97 | 43.34 | -34.98 | -354.29 | -148.97 | -19.75 | -289.55 | -65.0 | 0.04 | -63.64 | 300.0 | -311.11 | -794.51 | 57.96 | 89.21 | 37.69 | 418.06 | 100.00 | 1300.0 | 13.16 | -0.00 | -100.0 | -100.0 | 141.00 | 60.52 | -50.21 |
| 23Q3 (16) | -0.24 | 90.2 | -700.0 | -50.44 | 61.21 | -1330.24 | -3.59 | 99.3 | 96.71 | -59.44 | 89.39 | -626.95 | -49.17 | 91.23 | -535.9 | -7.70 | 85.92 | -1640.0 | -5.07 | 88.82 | -1178.72 | 0.11 | 37.5 | 175.0 | -34.78 | 93.56 | -165.22 | 64.79 | 108.33 | 293.38 | 7.14 | -92.1 | 100.89 | 92.86 | 967.86 | -89.68 | 87.84 | 27.79 | -2.84 |
| 23Q2 (15) | -2.45 | -432.61 | -371.15 | -130.05 | -376.02 | -376.9 | -509.26 | -230.05 | -348.85 | -560.42 | -274.59 | -576.84 | -560.42 | -274.59 | -576.84 | -54.70 | -610.39 | -656.57 | -45.35 | -589.21 | -677.87 | 0.08 | 100.0 | 14.29 | -540.00 | -404.01 | -800.0 | 31.10 | 117.94 | 54.73 | 90.43 | -13.68 | -36.16 | 8.70 | 282.61 | 123.19 | 68.74 | -36.53 | 47.7 |
| 23Q1 (14) | -0.46 | 50.54 | -1250.0 | -27.32 | 60.34 | -421.79 | -154.30 | 79.28 | -579.14 | -149.61 | 82.29 | -5021.38 | -149.61 | 82.28 | -5021.38 | -7.70 | 45.2 | -1640.0 | -6.58 | 45.03 | -1442.86 | 0.04 | 300.0 | -69.23 | -107.14 | 85.52 | -876.94 | 14.27 | -17.13 | -40.96 | 104.76 | 18.55 | 116.12 | -4.76 | -140.95 | -100.63 | 108.31 | -61.76 | 271.05 |
| 22Q4 (13) | -0.93 | -2425.0 | -326.83 | -68.88 | -1780.0 | -377.29 | -744.68 | -583.13 | -8679.26 | -844.91 | -7590.34 | -7725.54 | -844.42 | -7585.99 | -7579.36 | -14.05 | -2910.0 | -350.89 | -11.97 | -2646.81 | -382.31 | 0.01 | -75.0 | -97.3 | -740.00 | -1487.59 | -5340.79 | 17.22 | 4.55 | -43.07 | 88.37 | 111.05 | 11.94 | 11.63 | -98.71 | -44.77 | 283.21 | 213.25 | 1808.42 |
| 22Q3 (12) | 0.04 | 107.69 | -93.22 | 4.10 | 115.03 | -85.9 | -109.01 | 3.92 | -746.94 | 11.28 | 113.62 | -39.32 | 11.28 | 113.62 | -39.32 | 0.50 | 106.92 | -94.21 | 0.47 | 108.06 | -92.59 | 0.04 | -42.86 | -88.24 | 53.33 | 188.88 | 139.15 | 16.47 | -18.06 | -55.57 | -800.00 | -664.71 | -996.0 | 900.00 | 2500.0 | 8300.0 | 90.41 | 94.26 | 1202.74 |
| 22Q2 (11) | -0.52 | -1400.0 | -300.0 | -27.27 | -421.2 | -247.49 | -113.46 | -399.38 | -2107.39 | -82.80 | -2823.68 | -953.44 | -82.80 | -2823.68 | -860.56 | -7.23 | -1546.0 | -254.41 | -5.83 | -1289.8 | -296.6 | 0.07 | -46.15 | -61.11 | -60.00 | -535.1 | -4216.55 | 20.10 | -16.84 | -46.2 | 141.67 | 121.79 | 112.5 | -37.50 | -105.0 | -212.5 | 46.54 | 59.44 | 47.28 |
| 22Q1 (10) | 0.04 | -90.24 | 110.26 | 8.49 | -65.82 | 160.08 | -22.72 | -361.75 | 59.65 | 3.04 | -72.56 | 106.91 | 3.04 | -73.07 | 106.7 | 0.50 | -91.07 | 108.67 | 0.49 | -88.44 | 110.79 | 0.13 | -64.86 | 30.0 | 13.79 | -2.34 | 142.43 | 24.17 | -20.1 | -16.4 | -650.00 | -923.33 | -602.27 | 750.00 | 3462.5 | 2650.0 | 29.19 | 96.7 | -9.12 |
| 21Q4 (9) | 0.41 | -30.51 | 136.61 | 24.84 | -14.58 | -28.52 | 8.68 | -48.49 | 213.02 | 11.08 | -40.4 | 106.44 | 11.29 | -39.27 | 106.65 | 5.60 | -35.11 | 134.21 | 4.24 | -33.12 | 132.0 | 0.37 | 8.82 | 362.5 | 14.12 | -36.68 | 108.82 | 30.25 | -18.4 | 34.44 | 78.95 | -11.58 | 1952.63 | 21.05 | 96.49 | -78.11 | 14.84 | 113.83 | -56.67 |
| 21Q3 (8) | 0.59 | 553.85 | 134.91 | 29.08 | 57.27 | 170.39 | 16.85 | 427.82 | 123.29 | 18.59 | 336.51 | 108.65 | 18.59 | 315.66 | 108.66 | 8.63 | 523.04 | 137.38 | 6.34 | 531.29 | 134.01 | 0.34 | 88.89 | 277.78 | 22.30 | 1704.32 | 111.15 | 37.07 | -0.78 | 54.97 | 89.29 | 33.93 | 167.86 | 10.71 | -67.86 | -83.61 | 6.94 | -78.04 | -67.55 |
| 21Q2 (7) | -0.13 | 66.67 | 64.86 | 18.49 | 230.86 | 450.85 | -5.14 | 90.87 | 96.6 | -7.86 | 82.14 | 94.95 | -8.62 | 81.0 | 94.52 | -2.04 | 64.64 | 57.23 | -1.47 | 67.62 | 59.05 | 0.18 | 80.0 | 800.0 | -1.39 | 95.72 | 98.61 | 37.36 | 29.23 | 59.66 | 66.67 | -48.48 | -29.17 | 33.33 | 213.33 | 466.67 | 31.60 | -1.62 | -56.55 |
| 21Q1 (6) | -0.39 | 65.18 | 61.0 | -14.13 | -140.66 | -61.49 | -56.31 | -633.2 | -16.63 | -44.01 | 74.41 | 76.45 | -45.36 | 73.26 | 75.75 | -5.77 | 64.75 | 45.26 | -4.54 | 65.74 | 21.86 | 0.10 | 25.0 | 233.33 | -32.50 | 79.69 | 78.92 | 28.91 | 28.49 | -26.88 | 129.41 | 3264.71 | 396.08 | -29.41 | -130.59 | -139.79 | 32.12 | -6.22 | 0 |
| 20Q4 (5) | -1.12 | 33.73 | 72.62 | 34.75 | 184.12 | 127.72 | -7.68 | 89.39 | 84.15 | -171.99 | 20.0 | 47.61 | -169.65 | 20.98 | 48.25 | -16.37 | 29.1 | 47.09 | -13.25 | 28.92 | 18.51 | 0.08 | -11.11 | 60.0 | -160.00 | 20.0 | 46.67 | 22.50 | -5.94 | -76.92 | 3.85 | -88.46 | -74.18 | 96.15 | 47.06 | 12.98 | 34.25 | 60.12 | -37.61 |
| 20Q3 (4) | -1.69 | -356.76 | 0.0 | -41.31 | -683.87 | 0.0 | -72.36 | 52.09 | 0.0 | -214.98 | -38.11 | 0.0 | -214.70 | -36.59 | 0.0 | -23.09 | -384.07 | 0.0 | -18.64 | -419.22 | 0.0 | 0.09 | 350.0 | 0.0 | -200.00 | -100.0 | 0.0 | 23.92 | 2.22 | 0.0 | 33.33 | -64.58 | 0.0 | 65.38 | 1011.54 | 0.0 | 21.39 | -70.59 | 0.0 |
| 20Q2 (3) | -0.37 | 63.0 | 0.0 | -5.27 | 39.77 | 0.0 | -151.02 | -212.8 | 0.0 | -155.66 | 16.72 | 0.0 | -157.19 | 15.97 | 0.0 | -4.77 | 54.74 | 0.0 | -3.59 | 38.21 | 0.0 | 0.02 | -33.33 | 0.0 | -100.00 | 35.14 | 0.0 | 23.40 | -40.82 | 0.0 | 94.12 | 260.78 | 0.0 | 5.88 | -92.04 | 0.0 | 72.73 | 0 | 0.0 |
| 20Q1 (2) | -1.00 | 75.55 | 0.0 | -8.75 | -157.34 | 0.0 | -48.28 | 0.35 | 0.0 | -186.91 | 43.06 | 0.0 | -187.06 | 42.94 | 0.0 | -10.54 | 65.93 | 0.0 | -5.81 | 64.27 | 0.0 | 0.03 | -40.0 | 0.0 | -154.17 | 48.61 | 0.0 | 39.54 | -59.44 | 0.0 | 26.09 | 75.16 | 0.0 | 73.91 | -13.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -4.09 | 0.0 | 0.0 | 15.26 | 0.0 | 0.0 | -48.45 | 0.0 | 0.0 | -328.26 | 0.0 | 0.0 | -327.83 | 0.0 | 0.0 | -30.94 | 0.0 | 0.0 | -16.26 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | -300.00 | 0.0 | 0.0 | 97.49 | 0.0 | 0.0 | 14.89 | 0.0 | 0.0 | 85.11 | 0.0 | 0.0 | 54.90 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 (10) | -1.38 | 0 | -5.68 | 0 | -94.09 | 0 | 22.43 | 467.34 | -60.07 | 0 | -60.04 | 0 | -20.13 | 0 | -15.90 | 0 | 0.27 | -73.53 | -35.51 | 0 | 17.22 | -43.07 | 157.81 | 159.26 | -56.25 | 0 | 0.30 | 36.2 | 54.50 | 229.7 |
| 2021 (9) | 0.49 | 0 | 21.64 | 0 | 3.17 | 0 | 3.95 | -79.84 | 5.40 | 0 | 5.23 | 0 | 6.73 | 0 | 5.53 | 0 | 1.02 | 580.0 | 9.77 | 0 | 30.25 | 34.44 | 60.87 | 105.03 | 43.48 | -38.16 | 0.22 | 0 | 16.53 | -40.75 |
| 2020 (8) | -4.18 | 0 | -7.01 | 0 | -55.74 | 0 | 19.61 | -3.05 | -189.11 | 0 | -188.51 | 0 | -46.31 | 0 | -27.08 | 0 | 0.15 | 7.14 | -164.71 | 0 | 22.50 | -76.92 | 29.69 | -30.97 | 70.31 | 22.8 | 0.00 | 0 | 27.90 | -58.86 |
| 2019 (7) | -8.18 | 0 | -9.51 | 0 | -91.11 | 0 | 20.22 | 129.21 | -212.54 | 0 | -209.96 | 0 | -55.21 | 0 | -28.19 | 0 | 0.14 | 75.0 | -177.53 | 0 | 97.49 | 16.02 | 43.01 | -70.72 | 57.26 | 0 | 0.50 | -96.24 | 67.82 | -17.67 |
| 2018 (6) | -2.46 | 0 | -4.66 | 0 | -97.46 | 0 | 8.82 | 182.35 | -66.06 | 0 | -65.94 | 0 | -11.79 | 0 | -4.56 | 0 | 0.08 | -33.33 | -35.88 | 0 | 84.03 | -37.04 | 146.90 | 50.58 | -47.79 | 0 | 13.17 | 0 | 82.38 | 42.9 |
| 2017 (5) | -3.63 | 0 | 6.44 | -9.8 | -55.33 | 0 | 3.12 | 33.65 | -56.93 | 0 | -58.59 | 0 | -14.48 | 0 | -6.00 | 0 | 0.12 | -52.0 | -42.71 | 0 | 133.46 | 35.6 | 97.56 | 0 | 3.05 | -97.88 | 0.00 | 0 | 57.65 | 94.9 |
| 2016 (4) | 3.04 | 1116.0 | 7.14 | -30.34 | -14.53 | 0 | 2.34 | -43.88 | 33.43 | 272.27 | 26.33 | 573.4 | 12.72 | 1077.78 | 6.92 | 598.99 | 0.25 | 78.57 | 39.39 | 100.56 | 98.42 | 6.0 | -43.55 | 0 | 143.55 | -28.23 | 0.00 | 0 | 29.58 | 8.63 |
| 2015 (3) | 0.25 | -96.02 | 10.25 | 0 | -8.86 | 0 | 4.17 | -78.11 | 8.98 | 0 | 3.91 | -96.45 | 1.08 | 0 | 0.99 | 0 | 0.14 | 7.69 | 19.64 | 0 | 92.85 | -8.58 | -100.00 | 0 | 200.00 | 387.91 | 0.00 | 0 | 27.23 | 296.94 |
| 2014 (2) | 6.28 | 0 | -19.15 | 0 | -33.26 | 0 | 19.04 | 50.96 | -56.34 | 0 | 110.07 | 0 | -29.57 | 0 | -13.45 | 0 | 0.13 | -79.03 | -35.53 | 0 | 101.56 | -25.73 | 59.01 | -47.08 | 40.99 | 0 | 0.00 | 0 | 6.86 | 331.45 |
| 2013 (1) | -5.83 | 0 | -5.57 | 0 | -8.99 | 0 | 12.61 | -15.46 | -8.09 | 0 | -21.41 | 0 | -4.91 | 0 | -2.20 | 0 | 0.62 | 31.91 | 5.13 | -73.46 | 136.75 | 45.99 | 111.52 | 13.41 | -11.52 | 0 | 0.00 | 0 | 1.59 | -26.05 |
