- 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) | 2.23 | 2127.27 | 325.25 | 12.10 | 183.1 | 103.78 | -1663.40 | 46.88 | -64.03 | 18670.00 | 2329.57 | 676.28 | 18571.20 | 1290.32 | 673.23 | 27.15 | 1851.61 | 282.21 | 22.45 | 2002.54 | 290.25 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 19.16 | -21.57 | -30.33 | -9.23 | -103.08 | -129.74 | 109.23 | 143.69 | 58.38 | 1094.81 | -32.56 | 143.53 |
| 24Q2 (19) | -0.11 | -108.4 | -157.89 | -14.56 | -41.22 | 88.41 | -3131.55 | -82.68 | -1204.16 | -837.38 | -107.76 | -838.89 | -1560.19 | -114.76 | -1476.68 | -1.55 | -107.74 | -156.99 | -1.18 | -107.23 | -151.75 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 24.43 | 18.19 | 3.74 | 300.00 | 2050.0 | 250.0 | -250.00 | -316.67 | -188.24 | 1623.30 | 55.82 | 1708.89 |
| 24Q1 (18) | 1.31 | 669.57 | 27.18 | -10.31 | -187.23 | -281.2 | -1714.21 | -1738.89 | -199.7 | 10785.20 | 8416.14 | 419.52 | 10570.50 | 8250.59 | 409.17 | 20.03 | 628.5 | 23.79 | 16.33 | 667.01 | 32.44 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 20.67 | -21.94 | -20.77 | -15.38 | -121.54 | 42.31 | 115.38 | 303.85 | -8.91 | 1041.78 | 1439.27 | 257.25 |
| 23Q4 (17) | -0.23 | 76.77 | 41.03 | 11.82 | 103.7 | 0 | -93.22 | 90.81 | 84.85 | -129.69 | 96.0 | 87.58 | -129.69 | 96.0 | 87.58 | -3.79 | 74.56 | 41.51 | -2.88 | 75.59 | 38.2 | 0.02 | 0 | 0 | -120.00 | 95.2 | 89.09 | 26.48 | -3.71 | -32.96 | 71.43 | 130.16 | 12.24 | 28.57 | -58.57 | -37.14 | 67.68 | -84.94 | -81.86 |
| 23Q3 (16) | -0.99 | -621.05 | -219.28 | -319.89 | -154.57 | -2371.95 | -1014.09 | -322.33 | -132.39 | -3239.77 | -2958.7 | -293.27 | -3239.77 | -2958.7 | -293.27 | -14.90 | -647.79 | -204.93 | -11.80 | -617.54 | -210.38 | 0.00 | -100.0 | -100.0 | -2500.00 | -1141.67 | -200.0 | 27.50 | 16.77 | -17.14 | 31.03 | 115.52 | 224.14 | 68.97 | -75.66 | -44.83 | 449.55 | 400.95 | 60.31 |
| 23Q2 (15) | 0.19 | -81.55 | 115.08 | -125.66 | -2308.44 | -457.39 | -240.12 | 58.02 | 6.85 | 113.33 | -94.54 | 106.49 | 113.33 | -94.54 | 106.49 | 2.72 | -83.19 | 113.12 | 2.28 | -81.51 | 115.21 | 0.02 | 100.0 | 100.0 | 240.00 | -92.26 | 113.71 | 23.55 | -9.74 | -33.12 | -200.00 | -650.0 | -1540.0 | 283.33 | 123.68 | 229.03 | 89.74 | -69.23 | -51.08 |
| 23Q1 (14) | 1.03 | 364.1 | 512.0 | 5.69 | 0 | 193.59 | -571.98 | 7.06 | -423.55 | 2076.01 | 298.78 | 2179.75 | 2076.01 | 298.78 | 2179.75 | 16.18 | 349.69 | 539.67 | 12.33 | 364.59 | 579.77 | 0.01 | 0 | -66.67 | 3100.00 | 381.82 | 3716.85 | 26.09 | -33.95 | -32.97 | -26.67 | -141.9 | -123.33 | 126.67 | 178.67 | 986.67 | 291.61 | -21.85 | 371.78 |
| 22Q4 (13) | -0.39 | -146.99 | -2050.0 | 0.00 | -100.0 | -100.0 | -615.40 | -41.02 | -2620.07 | -1044.36 | -162.3 | -4411.97 | -1044.36 | -162.3 | -25204.81 | -6.48 | -145.63 | -2334.48 | -4.66 | -143.59 | -2041.67 | 0.00 | -100.0 | -100.0 | -1100.00 | -144.0 | -3180.37 | 39.50 | 19.01 | 11.33 | 63.64 | 354.55 | -36.36 | 45.45 | -63.64 | 0 | 373.14 | 33.06 | 1414.37 |
| 22Q3 (12) | 0.83 | 165.87 | 588.24 | 14.08 | -59.95 | 111.51 | -436.38 | -69.28 | -29.47 | 1676.31 | 196.02 | 609.61 | 1676.31 | 196.02 | 609.61 | 14.20 | 168.5 | 377.89 | 10.69 | 171.31 | 404.56 | 0.01 | 0.0 | 0.0 | 2500.00 | 242.86 | 933.33 | 33.19 | -5.74 | -21.81 | -25.00 | -280.0 | -125.0 | 125.00 | 45.16 | 0 | 280.42 | 52.86 | 171.83 |
| 22Q2 (11) | -1.26 | -404.0 | -320.0 | 35.16 | 678.29 | 332.47 | -257.79 | -135.96 | -75.02 | -1745.76 | -1648.91 | -205.21 | -1745.76 | -1648.91 | -205.21 | -20.73 | -463.32 | -93.38 | -14.99 | -483.27 | -145.34 | 0.01 | -66.67 | 0.0 | -1750.00 | -1941.77 | -208.82 | 35.21 | -9.53 | -23.09 | 13.89 | -87.85 | -50.0 | 86.11 | 702.78 | 10.71 | 183.45 | 196.8 | 145.25 |
| 22Q1 (10) | -0.25 | -1350.0 | -150.0 | -6.08 | -107.54 | 72.93 | -109.25 | -547.38 | 31.34 | -99.82 | -512.14 | 39.28 | -99.82 | -2499.52 | 39.28 | -3.68 | -1368.97 | 20.86 | -2.57 | -1170.83 | -45.2 | 0.03 | -40.0 | 200.0 | -85.71 | -340.02 | 35.72 | 38.92 | 9.7 | -67.35 | 114.29 | 14.29 | 14.29 | -14.29 | 0 | 0 | 61.81 | 150.85 | -27.2 |
| 21Q4 (9) | 0.02 | 111.76 | 101.59 | 80.60 | 165.89 | 1.64 | 24.42 | 107.25 | 147.56 | 24.22 | 107.36 | 101.89 | 4.16 | 101.26 | 100.29 | 0.29 | 105.68 | 100.54 | 0.24 | 106.84 | 101.06 | 0.05 | 400.0 | 150.0 | 35.71 | 111.9 | 102.65 | 35.48 | -16.42 | -80.75 | 100.00 | 0.0 | 2650.0 | 0.00 | 0 | -100.0 | 24.64 | -76.11 | -68.1 |
| 21Q3 (8) | -0.17 | 43.33 | -30.77 | -122.33 | -1604.67 | -906.93 | -337.05 | -128.83 | -1019.4 | -328.94 | 42.49 | -792.4 | -328.94 | 42.49 | -792.4 | -5.11 | 52.33 | -22.84 | -3.51 | 42.55 | -93.92 | 0.01 | 0.0 | -80.0 | -300.00 | 47.06 | -920.06 | 42.45 | -7.27 | -59.54 | 100.00 | 260.0 | 20.0 | -0.00 | -100.0 | -100.0 | 103.16 | 37.91 | 245.02 |
| 21Q2 (7) | -0.30 | -200.0 | 44.44 | 8.13 | 136.2 | -53.52 | -147.29 | 7.43 | -123.54 | -571.98 | -247.92 | -559.65 | -571.98 | -247.92 | -559.65 | -10.72 | -130.54 | 32.37 | -6.11 | -245.2 | 10.01 | 0.01 | 0.0 | -87.5 | -566.67 | -325.01 | -672.77 | 45.78 | -61.6 | -65.48 | 27.78 | -72.22 | -63.89 | 77.78 | 0 | 237.04 | 74.80 | -11.9 | 0 |
| 21Q1 (6) | -0.10 | 92.06 | 85.71 | -22.46 | -128.32 | -434.23 | -159.12 | -209.87 | -167.38 | -164.40 | 87.19 | -162.49 | -164.40 | 88.39 | -161.78 | -4.65 | 91.27 | 73.28 | -1.77 | 92.18 | 77.04 | 0.01 | -50.0 | -91.67 | -133.33 | 90.12 | -157.15 | 119.21 | -35.33 | -7.05 | 100.00 | 2650.0 | 6.25 | -0.00 | -100.0 | -100.0 | 84.90 | 9.92 | 0 |
| 20Q4 (5) | -1.26 | -869.23 | 17.11 | 79.30 | 423.09 | 72190.91 | -51.35 | -70.54 | -8.36 | -1283.32 | -3381.61 | -1165.1 | -1415.89 | -3741.26 | -1294.0 | -53.25 | -1180.05 | -79.17 | -22.64 | -1150.83 | -58.99 | 0.02 | -60.0 | -85.71 | -1350.00 | -4490.28 | -1464.31 | 184.35 | 75.71 | 56.4 | 3.64 | -95.64 | -92.09 | 96.36 | 478.18 | 82.84 | 77.24 | 158.33 | 192.02 |
| 20Q3 (4) | -0.13 | 75.93 | 0.0 | 15.16 | -13.32 | 0.0 | -30.11 | 54.3 | 0.0 | -36.86 | 57.49 | 0.0 | -36.86 | 57.49 | 0.0 | -4.16 | 73.75 | 0.0 | -1.81 | 73.34 | 0.0 | 0.05 | -37.5 | 0.0 | -29.41 | 59.89 | 0.0 | 104.92 | -20.89 | 0.0 | 83.33 | 8.33 | 0.0 | 16.67 | -27.78 | 0.0 | 29.90 | 0 | 0.0 |
| 20Q2 (3) | -0.54 | 22.86 | 0.0 | 17.49 | 160.27 | 0.0 | -65.89 | -10.72 | 0.0 | -86.71 | -38.45 | 0.0 | -86.71 | -38.07 | 0.0 | -15.85 | 8.91 | 0.0 | -6.79 | 11.93 | 0.0 | 0.08 | -33.33 | 0.0 | -73.33 | -41.43 | 0.0 | 132.63 | 3.42 | 0.0 | 76.92 | -18.27 | 0.0 | 23.08 | 292.31 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.70 | 53.95 | 0.0 | 6.72 | 6209.09 | 0.0 | -59.51 | -25.58 | 0.0 | -62.63 | 38.26 | 0.0 | -62.80 | 38.17 | 0.0 | -17.40 | 41.45 | 0.0 | -7.71 | 45.86 | 0.0 | 0.12 | -14.29 | 0.0 | -51.85 | 39.92 | 0.0 | 128.25 | 8.81 | 0.0 | 94.12 | 104.84 | 0.0 | 5.88 | -88.84 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.52 | 0.0 | 0.0 | -0.11 | 0.0 | 0.0 | -47.39 | 0.0 | 0.0 | -101.44 | 0.0 | 0.0 | -101.57 | 0.0 | 0.0 | -29.72 | 0.0 | 0.0 | -14.24 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -86.30 | 0.0 | 0.0 | 117.87 | 0.0 | 0.0 | 45.95 | 0.0 | 0.0 | 52.70 | 0.0 | 0.0 | 26.45 | 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) | 0.01 | 0 | -67.24 | 0 | -273.90 | 0 | 16.67 | 0.0 | 2.90 | 0 | 2.90 | 0 | 0.21 | 0 | 0.56 | 0 | 0.05 | 0.0 | 100.00 | 0 | 26.48 | -32.96 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 130.18 | -5.78 |
| 2022 (9) | -1.07 | 0 | 4.15 | -85.99 | -221.33 | 0 | 16.67 | 27.78 | -260.92 | 0 | -260.92 | 0 | -16.70 | 0 | -11.75 | 0 | 0.05 | -44.44 | -225.00 | 0 | 39.50 | 11.33 | 83.87 | 48.01 | 16.13 | -62.78 | 0.00 | 0 | 138.17 | 176.23 |
| 2021 (8) | -1.22 | 0 | 29.63 | 109.7 | -72.20 | 0 | 13.04 | 173.91 | -129.89 | 0 | -141.88 | 0 | -23.23 | 0 | -12.67 | 0 | 0.09 | -70.0 | -108.70 | 0 | 35.48 | -80.75 | 56.67 | 16.21 | 43.33 | -15.43 | 0.37 | 0 | 50.02 | 14.62 |
| 2020 (7) | -2.61 | 0 | 14.13 | 172.25 | -56.31 | 0 | 4.76 | 94.64 | -115.57 | 0 | -121.11 | 0 | -86.06 | 0 | -35.94 | 0 | 0.30 | -52.38 | -103.81 | 0 | 184.35 | 56.4 | 48.76 | -41.76 | 51.24 | 214.76 | 0.00 | 0 | 43.64 | 91.49 |
| 2019 (6) | -3.54 | 0 | 5.19 | -70.24 | -43.90 | 0 | 2.45 | 391.74 | -52.45 | 0 | -52.54 | 0 | -57.87 | 0 | -32.83 | 0 | 0.63 | 23.53 | -41.59 | 0 | 117.87 | 130.98 | 83.72 | 45.65 | 16.28 | -60.99 | 2.61 | -78.76 | 22.79 | 12.6 |
| 2018 (5) | -2.74 | 0 | 17.44 | -24.63 | -18.24 | 0 | 0.50 | 0 | -31.51 | 0 | -33.62 | 0 | -28.15 | 0 | -16.58 | 0 | 0.51 | 30.77 | -28.61 | 0 | 51.03 | -30.48 | 57.48 | 0 | 41.73 | -79.13 | 12.28 | 0 | 20.24 | 4.12 |
| 2017 (4) | 0.05 | 0 | 23.14 | 56.04 | -0.80 | 0 | 0.00 | 0 | 0.72 | 0 | 0.68 | 0 | 0.46 | 0 | 0.81 | 0 | 0.39 | 11.43 | 2.84 | 0 | 73.40 | 4.74 | -100.00 | 0 | 200.00 | 669.23 | 0.00 | 0 | 19.44 | -1.37 |
| 2016 (3) | -0.93 | 0 | 14.83 | -24.57 | -10.38 | 0 | 0.00 | 0 | -14.14 | 0 | -12.97 | 0 | -7.62 | 0 | -3.88 | 0 | 0.35 | -39.66 | -11.80 | 0 | 70.08 | 2.89 | 74.00 | -28.64 | 26.00 | 0 | 0.00 | 0 | 19.71 | 69.04 |
| 2015 (2) | 0.42 | 0 | 19.66 | -23.98 | 4.54 | 0 | 0.16 | -54.44 | 4.43 | 0 | 3.39 | 0 | 3.35 | 0 | 2.54 | 0 | 0.58 | 123.08 | 5.82 | 0 | 68.11 | -4.14 | 103.70 | -9.26 | -3.70 | 0 | 0.00 | 0 | 11.66 | -44.29 |
| 2014 (1) | -0.17 | 0 | 25.86 | 0 | -2.70 | 0 | 0.35 | 17.73 | -2.56 | 0 | -2.78 | 0 | -1.27 | 0 | -0.61 | 0 | 0.26 | -23.53 | -1.77 | 0 | 71.05 | -10.09 | 114.29 | 0 | -0.00 | 0 | 0.00 | 0 | 20.93 | 27.23 |
