- 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) | 0.07 | -78.79 | -50.0 | 20.99 | -20.58 | -6.13 | 8.04 | -31.16 | 124.58 | 2.31 | -82.93 | -68.05 | 2.76 | -75.38 | -57.21 | 0.74 | -78.17 | -50.0 | 0.55 | -73.43 | -43.3 | 0.16 | -5.88 | 23.08 | 5.57 | -66.39 | -51.73 | 70.70 | -6.15 | -5.05 | 371.43 | 325.78 | 684.13 | -271.43 | -2226.19 | -673.02 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.33 | 725.0 | 106.25 | 26.43 | 46.59 | 21.52 | 11.68 | 314.31 | 234.67 | 13.53 | 483.19 | 47.39 | 11.21 | 431.28 | 50.07 | 3.39 | 707.14 | 115.92 | 2.07 | 430.77 | 99.04 | 0.17 | 54.55 | 41.67 | 16.57 | 133.05 | 23.01 | 75.33 | 2.0 | -4.12 | 87.23 | 136.35 | 122.93 | 12.77 | -96.25 | -79.03 | 25.24 | -29.67 | -18.4 |
| 24Q1 (18) | 0.04 | 140.0 | 140.0 | 18.03 | 8.75 | 7.96 | -5.45 | -968.63 | -82.89 | 2.32 | 148.03 | 145.4 | 2.11 | 142.2 | 146.17 | 0.42 | 138.89 | 143.3 | 0.39 | 181.25 | 186.67 | 0.11 | -8.33 | -8.33 | 7.11 | 1834.15 | 707.69 | 73.85 | -2.55 | 8.6 | -240.00 | -2980.0 | -490.0 | 340.00 | 270.91 | 784.0 | 35.89 | 16.53 | 22.07 |
| 23Q4 (17) | -0.10 | -171.43 | -176.92 | 16.58 | -25.85 | -37.34 | -0.51 | -114.25 | -104.99 | -4.83 | -166.8 | -212.85 | -5.00 | -177.52 | -204.82 | -1.08 | -172.97 | -186.4 | -0.48 | -149.48 | -155.17 | 0.12 | -7.69 | -20.0 | -0.41 | -103.55 | -104.4 | 75.78 | 1.77 | 6.93 | 8.33 | -82.41 | -96.46 | 91.67 | 93.52 | 167.54 | 30.80 | 2.63 | -8.79 |
| 23Q3 (16) | 0.14 | -12.5 | -70.83 | 22.36 | 2.8 | 3.09 | 3.58 | 2.58 | -66.76 | 7.23 | -21.24 | -57.35 | 6.45 | -13.65 | -52.15 | 1.48 | -5.73 | -68.31 | 0.97 | -6.73 | -65.36 | 0.13 | 8.33 | -35.0 | 11.54 | -14.33 | -40.3 | 74.46 | -5.23 | 5.48 | 47.37 | 21.05 | -25.26 | 47.37 | -22.18 | 29.35 | 30.01 | -2.97 | 45.75 |
| 23Q2 (15) | 0.16 | 260.0 | 23.08 | 21.75 | 30.24 | 39.51 | 3.49 | 217.11 | 112.8 | 9.18 | 279.65 | 81.42 | 7.47 | 263.46 | 89.59 | 1.57 | 261.86 | 29.75 | 1.04 | 331.11 | 33.33 | 0.12 | 0.0 | -33.33 | 13.47 | 1251.28 | 86.57 | 78.57 | 15.54 | 4.72 | 39.13 | -36.41 | 23.91 | 60.87 | 58.26 | -11.04 | 30.93 | 5.2 | 34.01 |
| 23Q1 (14) | -0.10 | -176.92 | -350.0 | 16.70 | -36.89 | 12.53 | -2.98 | -129.16 | -198.0 | -5.11 | -219.39 | -342.18 | -4.57 | -195.81 | -387.42 | -0.97 | -177.6 | -377.14 | -0.45 | -151.72 | -273.08 | 0.12 | -20.0 | -7.69 | -1.17 | -112.55 | -122.5 | 68.00 | -4.05 | -1.59 | 61.54 | -73.89 | 223.08 | 38.46 | 128.34 | -71.15 | 29.40 | -12.94 | 8.49 |
| 22Q4 (13) | 0.13 | -72.92 | 230.0 | 26.46 | 21.99 | 90.36 | 10.22 | -5.11 | 598.54 | 4.28 | -74.75 | 279.08 | 4.77 | -64.61 | 237.86 | 1.25 | -73.23 | 240.45 | 0.87 | -68.93 | 285.11 | 0.15 | -25.0 | 0.0 | 9.32 | -51.78 | 902.15 | 70.87 | 0.4 | -2.26 | 235.71 | 271.9 | 169.39 | -135.71 | -470.6 | -1185.71 | 33.77 | 64.01 | 32.33 |
| 22Q3 (12) | 0.48 | 269.23 | 580.0 | 21.69 | 39.13 | 84.13 | 10.77 | 556.71 | 347.02 | 16.95 | 234.98 | 496.03 | 13.48 | 242.13 | 424.82 | 4.67 | 285.95 | 596.81 | 2.80 | 258.97 | 628.3 | 0.20 | 11.11 | 42.86 | 19.33 | 167.73 | 2901.45 | 70.59 | -5.92 | 10.16 | 63.38 | 100.7 | -41.5 | 36.62 | -46.48 | 0 | 20.59 | -10.79 | -44.4 |
| 22Q2 (11) | 0.13 | 225.0 | 192.86 | 15.59 | 5.05 | 18.38 | 1.64 | 264.0 | 132.35 | 5.06 | 139.81 | 173.44 | 3.94 | 147.8 | 158.03 | 1.21 | 245.71 | 194.53 | 0.78 | 200.0 | 198.73 | 0.18 | 38.46 | 50.0 | 7.22 | 38.85 | 356.94 | 75.03 | 8.58 | 36.47 | 31.58 | 163.16 | -58.7 | 68.42 | -48.68 | 132.63 | 23.08 | -14.83 | -23.14 |
| 22Q1 (10) | 0.04 | 140.0 | 128.57 | 14.84 | 6.76 | 123.16 | -1.00 | 51.22 | 93.58 | 2.11 | 188.28 | 127.3 | 1.59 | 145.95 | 120.25 | 0.35 | 139.33 | 129.66 | 0.26 | 155.32 | 135.62 | 0.13 | -13.33 | 30.0 | 5.20 | 459.14 | 313.11 | 69.10 | -4.7 | 40.5 | -50.00 | -157.14 | -125.0 | 133.33 | 966.67 | 233.33 | 27.10 | 6.19 | -18.62 |
| 21Q4 (9) | -0.10 | 0.0 | -42.86 | 13.90 | 18.0 | 14.69 | -2.05 | 52.98 | 79.86 | -2.39 | 44.16 | 54.48 | -3.46 | 16.63 | -2.98 | -0.89 | 5.32 | -41.27 | -0.47 | 11.32 | -34.29 | 0.15 | 7.14 | 25.0 | 0.93 | 234.78 | 344.74 | 72.51 | 13.16 | 37.04 | 87.50 | -19.23 | -52.88 | 12.50 | 0 | 113.46 | 25.52 | -31.08 | -3.41 |
| 21Q3 (8) | -0.10 | 28.57 | -166.67 | 11.78 | -10.55 | -38.42 | -4.36 | 14.0 | -427.82 | -4.28 | 37.88 | -168.26 | -4.15 | 38.88 | -165.25 | -0.94 | 26.56 | -172.87 | -0.53 | 32.91 | -158.24 | 0.14 | 16.67 | 7.69 | -0.69 | 75.44 | -106.93 | 64.08 | 16.55 | 19.09 | 108.33 | 41.67 | 387.5 | -0.00 | -100.0 | -100.0 | 37.03 | 23.31 | 42.53 |
| 21Q2 (7) | -0.14 | 0.0 | -187.5 | 13.17 | 98.05 | -37.67 | -5.07 | 67.44 | -272.45 | -6.89 | 10.87 | -181.83 | -6.79 | 13.5 | -204.78 | -1.28 | -8.47 | -197.71 | -0.79 | -8.22 | -179.8 | 0.12 | 20.0 | -20.0 | -2.81 | -15.16 | -123.4 | 54.98 | 11.79 | 14.18 | 76.47 | -61.76 | 129.41 | 29.41 | 129.41 | -52.94 | 30.03 | -9.82 | 0 |
| 21Q1 (6) | -0.14 | -100.0 | 36.36 | 6.65 | -45.13 | 207.87 | -15.57 | -52.95 | 45.64 | -7.73 | -47.24 | 70.06 | -7.85 | -133.63 | 61.8 | -1.18 | -87.3 | 33.71 | -0.73 | -108.57 | 46.72 | 0.10 | -16.67 | 42.86 | -2.44 | -542.11 | 86.25 | 49.18 | -7.05 | 92.33 | 200.00 | 7.69 | 77.78 | -100.00 | -7.69 | -966.67 | 33.30 | 26.04 | -29.91 |
| 20Q4 (5) | -0.07 | -146.67 | 0.0 | 12.12 | -36.64 | -28.24 | -10.18 | -865.41 | -128.76 | -5.25 | -183.73 | 12.5 | -3.36 | -152.83 | -13.13 | -0.63 | -148.84 | -18.87 | -0.35 | -138.46 | 12.5 | 0.12 | -7.69 | -14.29 | -0.38 | -103.82 | 80.0 | 52.91 | -1.67 | 92.19 | 185.71 | 735.71 | 147.62 | -92.86 | -219.39 | -471.43 | 26.42 | 1.69 | 0 |
| 20Q3 (4) | 0.15 | -6.25 | 0.0 | 19.13 | -9.47 | 0.0 | 1.33 | -54.76 | 0.0 | 6.27 | -25.53 | 0.0 | 6.36 | -1.85 | 0.0 | 1.29 | -1.53 | 0.0 | 0.91 | -8.08 | 0.0 | 0.13 | -13.33 | 0.0 | 9.96 | -17.07 | 0.0 | 53.81 | 11.75 | 0.0 | 22.22 | -33.33 | 0.0 | 77.78 | 24.44 | 0.0 | 25.98 | 0 | 0.0 |
| 20Q2 (3) | 0.16 | 172.73 | 0.0 | 21.13 | 878.24 | 0.0 | 2.94 | 110.27 | 0.0 | 8.42 | 132.61 | 0.0 | 6.48 | 131.53 | 0.0 | 1.31 | 173.6 | 0.0 | 0.99 | 172.26 | 0.0 | 0.15 | 114.29 | 0.0 | 12.01 | 167.7 | 0.0 | 48.15 | 88.31 | 0.0 | 33.33 | -70.37 | 0.0 | 62.50 | 766.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.22 | -214.29 | 0.0 | 2.16 | -87.21 | 0.0 | -28.64 | -543.6 | 0.0 | -25.82 | -330.33 | 0.0 | -20.55 | -591.92 | 0.0 | -1.78 | -235.85 | 0.0 | -1.37 | -242.5 | 0.0 | 0.07 | -50.0 | 0.0 | -17.74 | -833.68 | 0.0 | 25.57 | -7.12 | 0.0 | 112.50 | 50.0 | 0.0 | -9.38 | -137.5 | 0.0 | 47.51 | 0 | 0.0 |
| 19Q4 (1) | -0.07 | 0.0 | 0.0 | 16.89 | 0.0 | 0.0 | -4.45 | 0.0 | 0.0 | -6.00 | 0.0 | 0.0 | -2.97 | 0.0 | 0.0 | -0.53 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -1.90 | 0.0 | 0.0 | 27.53 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 25.00 | 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) | 0.09 | -88.46 | 19.36 | -2.32 | 0.89 | -84.89 | 2.78 | 16.7 | 1.62 | -79.52 | 1.10 | -83.23 | 0.95 | -87.25 | 1.07 | -77.28 | 0.50 | -24.24 | 5.76 | -47.49 | 75.78 | 6.93 | 56.25 | -24.54 | 43.75 | 71.88 | 0.82 | 0 | 30.27 | 18.29 |
| 2022 (9) | 0.78 | 0 | 19.82 | 68.54 | 5.89 | 0 | 2.38 | -29.45 | 7.91 | 0 | 6.56 | 0 | 7.45 | 0 | 4.71 | 0 | 0.66 | 32.0 | 10.97 | 0 | 70.87 | -2.26 | 74.55 | -38.27 | 25.45 | 0 | 0.00 | 0 | 25.59 | -17.98 |
| 2021 (8) | -0.48 | 0 | 11.76 | -24.52 | -5.98 | 0 | 3.38 | -15.84 | -4.98 | 0 | -5.27 | 0 | -4.31 | 0 | -2.44 | 0 | 0.50 | 4.17 | -1.03 | 0 | 72.51 | 37.04 | 120.75 | -90.34 | -20.75 | 0 | 0.00 | 0 | 31.20 | 5.91 |
| 2020 (7) | 0.02 | -89.47 | 15.58 | -18.94 | -5.28 | 0 | 4.01 | 2.1 | -0.46 | 0 | 0.20 | -89.64 | 0.14 | -90.6 | 0.27 | -78.74 | 0.48 | -21.31 | 4.01 | -38.78 | 52.91 | 92.19 | 1250.00 | 0 | -1150.00 | 0 | 0.00 | 0 | 29.46 | -3.82 |
| 2019 (6) | 0.19 | 58.33 | 19.22 | -3.66 | -0.30 | 0 | 3.93 | -13.54 | 2.46 | 105.0 | 1.93 | 45.11 | 1.49 | 58.51 | 1.27 | 53.01 | 0.61 | 7.02 | 6.55 | 10.27 | 27.53 | 11.37 | -10.71 | 0 | 114.29 | 6.12 | 0.00 | 0 | 30.63 | 3.8 |
| 2018 (5) | 0.12 | -42.86 | 19.95 | -28.98 | -0.13 | 0 | 4.55 | 3.74 | 1.20 | -60.4 | 1.33 | -36.67 | 0.94 | -40.51 | 0.83 | -37.59 | 0.57 | -9.52 | 5.94 | -20.48 | 24.72 | 1.9 | -7.69 | 0 | 107.69 | 0 | 0.00 | 0 | 29.51 | -8.21 |
| 2017 (4) | 0.21 | 110.0 | 28.09 | 22.4 | 4.99 | 319.33 | 4.38 | -24.42 | 3.03 | 81.44 | 2.10 | 100.0 | 1.58 | 116.44 | 1.33 | 107.81 | 0.63 | 3.28 | 7.47 | -1.84 | 24.26 | 63.37 | 165.71 | 129.45 | -65.71 | 0 | 0.05 | 0 | 32.15 | -0.43 |
| 2016 (3) | 0.10 | -72.22 | 22.95 | 9.97 | 1.19 | -20.67 | 5.80 | -21.54 | 1.67 | -63.7 | 1.05 | -69.57 | 0.73 | -71.48 | 0.64 | -70.91 | 0.61 | -4.69 | 7.61 | -37.06 | 14.85 | 0.88 | 72.22 | 120.68 | 27.78 | -58.71 | 0.00 | 0 | 32.29 | 5.42 |
| 2015 (2) | 0.36 | -21.74 | 20.87 | 3.11 | 1.50 | 64.84 | 7.39 | -3.62 | 4.60 | -5.93 | 3.45 | -15.02 | 2.56 | -21.71 | 2.20 | -20.0 | 0.64 | -3.03 | 12.09 | -7.43 | 14.72 | -17.81 | 32.73 | 72.56 | 67.27 | -16.98 | 0.00 | 0 | 30.63 | 0.2 |
| 2014 (1) | 0.46 | 253.85 | 20.24 | 0 | 0.91 | 0 | 7.67 | -9.37 | 4.89 | 0 | 4.06 | 0 | 3.27 | 0 | 2.75 | 0 | 0.66 | 6.45 | 13.06 | 19.82 | 17.91 | -36.69 | 18.97 | 0 | 81.03 | -65.27 | 0.00 | 0 | 30.57 | -2.67 |
