- 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) | -0.51 | -45.71 | -34.21 | -35.78 | 36.85 | -89.01 | -54.88 | 30.02 | -63.38 | -61.16 | -35.16 | -83.66 | -61.56 | -32.87 | -85.93 | -3.83 | -51.38 | -56.97 | -2.94 | -53.12 | -47.74 | 0.05 | 25.0 | -16.67 | -27.11 | -251.17 | -128.58 | 29.48 | 1.27 | 21.92 | 89.73 | -48.22 | -11.01 | 10.27 | 114.02 | 1340.87 | 731.16 | 2151.8 | 5236.93 |
| 24Q2 (19) | -0.35 | 23.91 | -34.62 | -56.66 | -127.0 | -287.02 | -78.42 | -80.73 | -144.38 | -45.25 | 0.66 | -113.54 | -46.33 | 10.51 | -116.29 | -2.53 | 20.69 | -59.12 | -1.92 | 17.6 | -45.45 | 0.04 | -20.0 | -33.33 | -7.72 | 32.46 | -721.28 | 29.11 | -3.13 | 45.84 | 173.30 | 81.96 | 14.48 | -73.30 | -1639.29 | -42.66 | 32.47 | 8.49 | 29.05 |
| 24Q1 (18) | -0.46 | 29.23 | -31.43 | -24.96 | 22.89 | -46.82 | -43.39 | 21.92 | -16.42 | -45.55 | 27.78 | -21.95 | -51.77 | 16.38 | -37.25 | -3.19 | 26.67 | -49.07 | -2.33 | 32.85 | -30.9 | 0.05 | -16.67 | 0.0 | -11.43 | 70.34 | 9.21 | 30.05 | 16.34 | 58.49 | 95.24 | 8.04 | -4.57 | 4.76 | -60.0 | 2278.57 | 29.93 | 10.0 | -0.23 |
| 23Q4 (17) | -0.65 | -71.05 | -8.33 | -32.37 | -71.0 | -72.09 | -55.57 | -65.44 | -29.41 | -63.07 | -89.4 | -33.23 | -61.91 | -86.98 | -34.62 | -4.35 | -78.28 | -20.17 | -3.47 | -74.37 | -14.52 | 0.06 | 0.0 | -14.29 | -38.54 | -224.96 | -30.2 | 25.83 | 6.82 | 32.67 | 88.15 | -12.58 | -2.83 | 11.90 | 1537.83 | 28.23 | 27.21 | 98.61 | 13.42 |
| 23Q3 (16) | -0.38 | -46.15 | -192.31 | -18.93 | -29.3 | -508.68 | -33.59 | -4.67 | -103.33 | -33.30 | -57.15 | -209.77 | -33.11 | -54.58 | -240.99 | -2.44 | -53.46 | -216.88 | -1.99 | -50.76 | -226.23 | 0.06 | 0.0 | 0.0 | -11.86 | -1161.7 | -273.14 | 24.18 | 21.14 | 30.14 | 100.83 | -33.39 | -34.43 | -0.83 | 98.39 | 98.46 | 13.70 | -45.55 | -37.87 |
| 23Q2 (15) | -0.26 | 25.71 | -2700.0 | -14.64 | 13.88 | -235.56 | -32.09 | 13.9 | -1060.78 | -21.19 | 43.27 | -2099.06 | -21.42 | 43.21 | -5081.4 | -1.59 | 25.7 | -4075.0 | -1.32 | 25.84 | -3400.0 | 0.06 | 20.0 | -14.29 | -0.94 | 92.53 | -105.85 | 19.96 | 5.27 | -26.21 | 151.38 | 51.68 | -51.56 | -51.38 | -25764.92 | 75.82 | 25.16 | -16.13 | 157.26 |
| 23Q1 (14) | -0.35 | 41.67 | -133.33 | -17.00 | 9.62 | -212.66 | -37.27 | 13.2 | -727.44 | -37.35 | 21.1 | -410.94 | -37.72 | 17.98 | -336.07 | -2.14 | 40.88 | -154.76 | -1.78 | 41.25 | -157.97 | 0.05 | -28.57 | -37.5 | -12.59 | 57.47 | -297.96 | 18.96 | -2.62 | -13.27 | 99.80 | 10.01 | 222.88 | 0.20 | -97.84 | -99.89 | 30.00 | 25.05 | 76.57 |
| 22Q4 (13) | -0.60 | -361.54 | -257.89 | -18.81 | -504.82 | -604.29 | -42.94 | -159.93 | -278.99 | -47.34 | -340.37 | -874.8 | -45.99 | -373.64 | -311.06 | -3.62 | -370.13 | -260.18 | -3.03 | -396.72 | -261.17 | 0.07 | 16.67 | -22.22 | -29.60 | -532.12 | -258.29 | 19.47 | 4.79 | -0.66 | 90.72 | -41.01 | 148.93 | 9.28 | 117.27 | -96.75 | 23.99 | 8.8 | 7.77 |
| 22Q3 (12) | -0.13 | -1400.0 | -128.89 | -3.11 | -128.8 | -111.99 | -16.52 | -594.61 | -188.82 | -10.75 | -1114.15 | -141.06 | -9.71 | -2358.14 | -143.58 | -0.77 | -2025.0 | -128.95 | -0.61 | -1625.0 | -127.73 | 0.06 | -14.29 | -40.0 | 6.85 | -57.37 | -81.69 | 18.58 | -31.31 | -16.0 | 153.77 | -50.79 | 116.52 | -53.77 | 74.7 | -285.93 | 22.05 | 125.46 | 29.94 |
| 22Q2 (11) | 0.01 | 106.67 | -98.9 | 10.80 | -28.43 | -76.93 | 3.34 | -43.77 | -91.39 | 1.06 | 114.5 | -97.37 | 0.43 | 104.97 | -98.74 | 0.04 | 104.76 | -99.28 | 0.04 | 105.8 | -99.13 | 0.07 | -12.5 | -46.15 | 16.07 | 152.67 | -66.49 | 27.05 | 23.74 | 30.99 | 312.50 | 484.78 | 224.49 | -212.50 | -217.26 | -5851.67 | 9.78 | -42.44 | -25.97 |
| 22Q1 (10) | -0.15 | -139.47 | -115.0 | 15.09 | 304.56 | -68.68 | 5.94 | 152.43 | -85.34 | -7.31 | -219.64 | -116.63 | -8.65 | -139.7 | -122.47 | -0.84 | -137.17 | -112.75 | -0.69 | -136.7 | -112.37 | 0.08 | -11.11 | -42.86 | 6.36 | -65.99 | -87.66 | 21.86 | 11.53 | 10.57 | -81.22 | 56.2 | -188.08 | 181.22 | -36.51 | 2217.69 | 16.99 | -23.67 | 7.46 |
| 21Q4 (9) | 0.38 | -15.56 | -57.78 | 3.73 | -85.62 | -90.06 | -11.33 | -160.91 | -143.0 | 6.11 | -76.66 | -84.5 | 21.79 | -2.2 | -44.71 | 2.26 | -15.04 | -65.23 | 1.88 | -14.55 | -65.82 | 0.09 | -10.0 | -35.71 | 18.70 | -50.03 | -60.97 | 19.60 | -11.39 | 16.46 | -185.40 | -361.07 | -377.41 | 285.40 | 886.89 | 760.55 | 22.26 | 31.17 | 24.29 |
| 21Q3 (8) | 0.45 | -50.55 | -15.09 | 25.94 | -44.58 | -29.63 | 18.60 | -52.04 | -31.29 | 26.18 | -34.99 | -12.94 | 22.28 | -34.47 | -25.96 | 2.66 | -51.81 | -34.16 | 2.20 | -52.17 | -35.67 | 0.10 | -23.08 | -9.09 | 37.42 | -21.98 | -9.24 | 22.12 | 7.12 | 7.17 | 71.02 | -26.26 | -21.12 | 28.92 | 682.75 | 190.08 | 16.97 | 28.46 | 7.41 |
| 21Q2 (7) | 0.91 | -9.0 | 858.33 | 46.81 | -2.84 | 2500.56 | 38.78 | -4.29 | 477.24 | 40.27 | -8.37 | 501.5 | 34.00 | -11.67 | 420.15 | 5.52 | -16.24 | 669.07 | 4.60 | -17.56 | 675.0 | 0.13 | -7.14 | 62.5 | 47.96 | -6.98 | 662.48 | 20.65 | 4.45 | 19.78 | 96.31 | 4.44 | -6.0 | 3.69 | -52.75 | 250.66 | 13.21 | -16.45 | -31.48 |
| 21Q1 (6) | 1.00 | 11.11 | 1766.67 | 48.18 | 28.38 | 1205.69 | 40.52 | 53.78 | 669.1 | 43.95 | 11.46 | 948.46 | 38.49 | -2.33 | 798.55 | 6.59 | 1.38 | 1532.61 | 5.58 | 1.45 | 1608.11 | 0.14 | 0.0 | 100.0 | 51.56 | 7.62 | 327.53 | 19.77 | 17.47 | 14.34 | 92.21 | 37.97 | -32.83 | 7.82 | -76.42 | 120.97 | 15.81 | -11.73 | -22.54 |
| 20Q4 (5) | 0.90 | 69.81 | 0 | 37.53 | 1.82 | 358.8 | 26.35 | -2.66 | 1325.58 | 39.43 | 31.13 | 18876.19 | 39.41 | 30.97 | 13689.66 | 6.50 | 60.89 | 21766.67 | 5.50 | 60.82 | 9066.67 | 0.14 | 27.27 | 55.56 | 47.91 | 16.2 | 246.67 | 16.83 | -18.46 | -0.88 | 66.83 | -25.76 | -93.11 | 33.17 | 232.67 | 103.77 | 17.91 | 13.35 | 21.01 |
| 20Q3 (4) | 0.53 | 541.67 | 0.0 | 36.86 | 1947.78 | 0.0 | 27.07 | 363.33 | 0.0 | 30.07 | 399.8 | 0.0 | 30.09 | 383.33 | 0.0 | 4.04 | 516.49 | 0.0 | 3.42 | 527.5 | 0.0 | 0.11 | 37.5 | 0.0 | 41.23 | 555.48 | 0.0 | 20.64 | 19.72 | 0.0 | 90.03 | -12.12 | 0.0 | 9.97 | 506.53 | 0.0 | 15.80 | -18.05 | 0.0 |
| 20Q2 (3) | -0.12 | -100.0 | 0.0 | 1.80 | -51.22 | 0.0 | -10.28 | -44.38 | 0.0 | -10.03 | -93.63 | 0.0 | -10.62 | -92.74 | 0.0 | -0.97 | -110.87 | 0.0 | -0.80 | -116.22 | 0.0 | 0.08 | 14.29 | 0.0 | 6.29 | -47.84 | 0.0 | 17.24 | -0.29 | 0.0 | 102.45 | -25.37 | 0.0 | -2.45 | 93.42 | 0.0 | 19.28 | -5.54 | 0.0 |
| 20Q1 (2) | -0.06 | 0 | 0.0 | 3.69 | -54.89 | 0.0 | -7.12 | -231.16 | 0.0 | -5.18 | -2366.67 | 0.0 | -5.51 | -1800.0 | 0.0 | -0.46 | -1433.33 | 0.0 | -0.37 | -716.67 | 0.0 | 0.07 | -22.22 | 0.0 | 12.06 | -12.74 | 0.0 | 17.29 | 1.83 | 0.0 | 137.29 | -85.85 | 0.0 | -37.29 | 95.76 | 0.0 | 20.41 | 37.91 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 8.18 | 0.0 | 0.0 | -2.15 | 0.0 | 0.0 | -0.21 | 0.0 | 0.0 | -0.29 | 0.0 | 0.0 | -0.03 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 13.82 | 0.0 | 0.0 | 16.98 | 0.0 | 0.0 | 970.00 | 0.0 | 0.0 | -880.00 | 0.0 | 0.0 | 14.80 | 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) | -1.63 | 0 | -20.59 | 0 | -39.31 | 0 | 20.88 | 40.82 | -38.05 | 0 | -37.87 | 0 | -10.48 | 0 | -8.51 | 0 | 0.23 | -20.69 | -15.48 | 0 | 25.83 | 32.67 | 103.30 | 43.5 | -3.30 | 0 | 0.43 | -3.01 | 23.68 | 33.18 |
| 2022 (9) | -0.86 | 0 | 2.37 | -93.08 | -10.61 | 0 | 14.83 | 67.47 | -14.74 | 0 | -14.77 | 0 | -5.13 | 0 | -4.23 | 0 | 0.29 | -40.82 | 1.06 | -97.41 | 19.47 | -0.66 | 71.99 | -9.43 | 28.01 | 36.47 | 0.44 | -34.83 | 17.78 | 7.43 |
| 2021 (8) | 2.75 | 120.0 | 34.24 | 38.34 | 25.11 | 81.3 | 8.85 | -24.11 | 31.60 | 59.76 | 30.32 | 54.61 | 17.41 | 94.09 | 14.77 | 90.58 | 0.49 | 25.64 | 41.00 | 28.08 | 19.60 | 16.46 | 79.48 | 13.52 | 20.53 | -31.53 | 0.68 | -22.84 | 16.55 | -8.16 |
| 2020 (7) | 1.25 | 400.0 | 24.75 | 116.35 | 13.85 | 1589.02 | 11.67 | -5.18 | 19.78 | 312.94 | 19.61 | 310.25 | 8.97 | 372.11 | 7.75 | 337.85 | 0.39 | 14.71 | 32.01 | 77.24 | 16.83 | -0.88 | 70.02 | 309.14 | 29.98 | -63.83 | 0.88 | -20.48 | 18.02 | 10.01 |
| 2019 (6) | 0.25 | -21.88 | 11.44 | -31.5 | 0.82 | -84.84 | 12.30 | 9.39 | 4.79 | -44.5 | 4.78 | -20.99 | 1.90 | -22.13 | 1.77 | -17.67 | 0.34 | 0.0 | 18.06 | -11.12 | 16.98 | -3.85 | 17.11 | -72.73 | 82.89 | 122.51 | 1.10 | 34.66 | 16.38 | -2.44 |
| 2018 (5) | 0.32 | -84.54 | 16.70 | -54.15 | 5.41 | -79.35 | 11.25 | 15.26 | 8.63 | -70.02 | 6.05 | -78.58 | 2.44 | -85.57 | 2.15 | -85.03 | 0.34 | -32.0 | 20.32 | -48.7 | 17.66 | -2.81 | 62.75 | -31.04 | 37.25 | 313.39 | 0.82 | 0 | 16.79 | 11.56 |
| 2017 (4) | 2.07 | 65.6 | 36.42 | 24.73 | 26.20 | 35.26 | 9.76 | -25.12 | 28.79 | 66.03 | 28.25 | 66.96 | 16.91 | 45.65 | 14.36 | 46.83 | 0.50 | -12.28 | 39.61 | 26.39 | 18.17 | -9.6 | 90.99 | -18.55 | 9.01 | 0 | 0.00 | 0 | 15.05 | 13.24 |
| 2016 (3) | 1.25 | 0 | 29.20 | 72900.0 | 19.37 | 0 | 13.03 | -27.48 | 17.34 | 0 | 16.92 | 0 | 11.61 | 0 | 9.78 | 0 | 0.57 | 42.5 | 31.34 | 379.2 | 20.10 | -2.76 | 111.72 | 0.86 | -11.72 | 0 | 0.00 | 0 | 13.29 | -11.64 |
| 2015 (2) | -0.68 | 0 | 0.04 | -99.78 | -14.02 | 0 | 17.97 | 46.8 | -12.65 | 0 | -12.83 | 0 | -6.46 | 0 | -5.08 | 0 | 0.40 | -23.08 | 6.54 | -58.74 | 20.67 | -26.15 | 110.76 | -59.65 | -10.81 | 0 | 0.00 | 0 | 15.04 | 27.78 |
| 2014 (1) | 0.16 | -92.42 | 18.52 | 0 | 6.63 | 0 | 12.24 | 65.43 | 2.42 | 0 | 2.28 | 0 | 1.54 | 0 | 1.33 | 0 | 0.52 | -24.64 | 15.85 | -44.64 | 27.99 | -7.16 | 274.48 | 172.67 | -174.48 | 0 | 0.00 | 0 | 11.77 | 19.86 |
