- 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 | -218.75 | -168.42 | -12.06 | -274.53 | 27.35 | -90.91 | -40.86 | -15.4 | -111.35 | -477.84 | -572.4 | -107.73 | -346.64 | -304.7 | -1.39 | -223.26 | -183.67 | -1.36 | -223.81 | -183.33 | 0.01 | -50.0 | -50.0 | -64.52 | -496.31 | -429.69 | 1.52 | -36.4 | -37.45 | 82.35 | -76.47 | -82.19 | 17.65 | 107.06 | 104.87 | 94.96 | 43.4 | 16.6 |
| 24Q2 (19) | -0.16 | -77.78 | 0.0 | -3.22 | 40.15 | -243.11 | -64.54 | 14.94 | -37.99 | -19.27 | -598.19 | -14.09 | -24.12 | -57.75 | -28.03 | -0.43 | -79.17 | -2.38 | -0.42 | -75.0 | -2.44 | 0.02 | 0.0 | 0.0 | 16.28 | -57.67 | 30.24 | 2.39 | 3.46 | -0.42 | 350.00 | -88.33 | 21.15 | -250.00 | 91.38 | -32.35 | 66.22 | -14.16 | 0.0 |
| 24Q1 (18) | -0.09 | 86.76 | 67.86 | -5.38 | -34.16 | -190.57 | -75.88 | -5.36 | -104.36 | -2.76 | 97.58 | 90.12 | -15.29 | 85.2 | 47.57 | -0.24 | 86.59 | 66.67 | -0.24 | 86.21 | 64.71 | 0.02 | 0.0 | 0.0 | 38.46 | 150.12 | 0 | 2.31 | -27.81 | -39.37 | 3000.00 | 4641.94 | 2247.83 | -2900.00 | -7994.44 | -8600.0 | 77.14 | 6.37 | 28.05 |
| 23Q4 (17) | -0.68 | -257.89 | -7.94 | -4.01 | 75.84 | -152.69 | -72.02 | 8.58 | -147.32 | -114.09 | -588.95 | -8.78 | -103.28 | -287.98 | -78.38 | -1.79 | -265.31 | -11.87 | -1.74 | -262.5 | -19.18 | 0.02 | 0.0 | -33.33 | -76.74 | -492.13 | -2.8 | 3.20 | 31.69 | -60.78 | 63.27 | -86.32 | 125.95 | 36.73 | 110.13 | -48.98 | 72.52 | -10.95 | 37.06 |
| 23Q3 (16) | -0.19 | -18.75 | -141.3 | -16.60 | -837.78 | -48.48 | -78.78 | -68.44 | -45.54 | -16.56 | 1.95 | -124.41 | -26.62 | -41.3 | -160.85 | -0.49 | -16.67 | -142.24 | -0.48 | -17.07 | -146.15 | 0.02 | 0.0 | 0.0 | 19.57 | 56.56 | -80.14 | 2.43 | 1.25 | -73.64 | 462.50 | 60.1 | 687.5 | -362.50 | -91.91 | -302.83 | 81.44 | 22.98 | 22.52 |
| 23Q2 (15) | -0.16 | 42.86 | 44.83 | 2.25 | -62.12 | -83.99 | -46.77 | -25.96 | -213.26 | -16.89 | 39.55 | -169.79 | -18.84 | 35.39 | 0.84 | -0.42 | 41.67 | 40.0 | -0.41 | 39.71 | 31.67 | 0.02 | 0.0 | -33.33 | 12.50 | 0 | -72.5 | 2.40 | -37.01 | -84.21 | 288.89 | 126.09 | 562.22 | -188.89 | -466.67 | -216.24 | 66.22 | 9.93 | 42.65 |
| 23Q1 (14) | -0.28 | 55.56 | -152.83 | 5.94 | -21.94 | -76.99 | -37.13 | -27.51 | -809.94 | -27.94 | 73.36 | -191.55 | -29.16 | 49.64 | -214.58 | -0.72 | 55.0 | -158.06 | -0.68 | 53.42 | -161.82 | 0.02 | -33.33 | -50.0 | 0.00 | 100.0 | -100.0 | 3.81 | -53.31 | -70.19 | 127.78 | 356.35 | 648.41 | -33.33 | -146.3 | -140.2 | 60.24 | 13.85 | 59.92 |
| 22Q4 (13) | -0.63 | -236.96 | -285.29 | 7.61 | 168.07 | -72.11 | -29.12 | 46.2 | -445.43 | -104.88 | -254.58 | -1111.38 | -57.90 | -232.34 | -473.31 | -1.60 | -237.93 | -305.13 | -1.46 | -240.38 | -311.59 | 0.03 | 50.0 | -25.0 | -74.65 | -175.75 | -394.48 | 8.16 | -11.5 | -45.45 | 28.00 | 135.57 | -65.0 | 72.00 | -59.71 | 260.0 | 52.91 | -20.4 | 54.44 |
| 22Q3 (12) | 0.46 | 258.62 | 170.59 | -11.18 | -179.57 | -132.8 | -54.13 | -262.56 | -539.01 | 67.85 | 180.37 | 635.9 | 43.75 | 330.26 | 533.14 | 1.16 | 265.71 | 222.22 | 1.04 | 273.33 | 225.0 | 0.02 | -33.33 | -50.0 | 98.55 | 116.83 | 353.31 | 9.22 | -39.34 | -34.61 | -78.72 | -25.96 | -159.04 | 178.72 | 9.98 | 636.17 | 66.47 | 43.19 | 73.91 |
| 22Q2 (11) | -0.29 | -154.72 | -323.08 | 14.05 | -45.56 | -52.05 | -14.93 | -385.47 | -285.93 | 24.20 | -20.71 | 86.3 | -19.00 | -174.66 | -408.94 | -0.70 | -156.45 | -318.75 | -0.60 | -154.55 | -314.29 | 0.03 | -25.0 | -25.0 | 45.45 | -0.31 | 66.24 | 15.20 | 18.94 | -4.28 | -62.50 | -466.07 | -202.27 | 162.50 | 95.96 | 317.86 | 46.42 | 23.23 | 16.43 |
| 22Q1 (10) | 0.53 | 55.88 | -39.77 | 25.81 | -5.42 | 184.25 | 5.23 | -37.96 | 126.44 | 30.52 | 194.31 | -47.99 | 25.45 | 64.09 | -56.89 | 1.24 | 58.97 | -58.39 | 1.10 | 59.42 | -57.2 | 0.04 | 0.0 | 0.0 | 45.59 | 79.84 | -42.72 | 12.78 | -14.57 | -34.19 | 17.07 | -78.66 | 151.22 | 82.93 | 314.63 | -38.61 | 37.67 | 9.95 | -33.32 |
| 21Q4 (9) | 0.34 | 100.0 | 169.39 | 27.29 | -19.95 | 83.65 | 8.43 | -31.63 | 172.86 | 10.37 | 12.47 | 14914.29 | 15.51 | 124.46 | 151.94 | 0.78 | 116.67 | 146.43 | 0.69 | 115.62 | 147.26 | 0.04 | 0.0 | -20.0 | 25.35 | 16.61 | 23.3 | 14.96 | 6.1 | 7.55 | 80.00 | -40.0 | 0 | 20.00 | 160.0 | 0 | 34.26 | -10.36 | -24.17 |
| 21Q3 (8) | 0.17 | 30.77 | -81.72 | 34.09 | 16.35 | 180.58 | 12.33 | 53.55 | 195.07 | 9.22 | -29.02 | -82.2 | 6.91 | 12.36 | -86.88 | 0.36 | 12.5 | -88.79 | 0.32 | 14.29 | -88.57 | 0.04 | 0.0 | -20.0 | 21.74 | -20.48 | -69.25 | 14.10 | -11.21 | 3.3 | 133.33 | 118.18 | 633.33 | -33.33 | -185.71 | -126.67 | 38.22 | -4.14 | -26.58 |
| 21Q2 (7) | 0.13 | -85.23 | -89.6 | 29.30 | 222.69 | 90.14 | 8.03 | 140.6 | 142.94 | 12.99 | -77.86 | -80.55 | 6.15 | -89.58 | -90.22 | 0.32 | -89.26 | -92.81 | 0.28 | -89.11 | -92.22 | 0.04 | 0.0 | -33.33 | 27.34 | -65.65 | -68.82 | 15.88 | -18.23 | -4.05 | 61.11 | 283.33 | 321.53 | 38.89 | -71.21 | -69.52 | 39.87 | -29.42 | 0 |
| 21Q1 (6) | 0.88 | 279.59 | 344.44 | 9.08 | -38.9 | 406.76 | -19.78 | -70.96 | 42.4 | 58.68 | 83928.57 | 275.74 | 59.04 | 297.72 | 320.96 | 2.98 | 277.38 | 331.01 | 2.57 | 276.03 | 388.76 | 0.04 | -20.0 | 0.0 | 79.59 | 287.11 | 0 | 19.42 | 39.61 | -43.63 | -33.33 | 0 | -133.33 | 135.09 | 0 | 4152.63 | 56.49 | 25.03 | 8.03 |
| 20Q4 (5) | -0.49 | -152.69 | 0 | 14.86 | 22.3 | -38.13 | -11.57 | 10.79 | -298.46 | -0.07 | -100.14 | 69.57 | -29.86 | -156.68 | -14830.0 | -1.68 | -152.34 | -8300.0 | -1.46 | -152.14 | -3020.0 | 0.05 | 0.0 | -16.67 | 20.56 | -70.92 | 2.14 | 13.91 | 1.9 | -61.84 | 0.00 | 100.0 | 0 | 0.00 | -100.0 | 0 | 45.18 | -13.22 | 0 |
| 20Q3 (4) | 0.93 | -25.6 | 0.0 | 12.15 | -21.16 | 0.0 | -12.97 | 30.64 | 0.0 | 51.81 | -22.42 | 0.0 | 52.68 | -16.25 | 0.0 | 3.21 | -27.87 | 0.0 | 2.80 | -22.22 | 0.0 | 0.05 | -16.67 | 0.0 | 70.69 | -19.39 | 0.0 | 13.65 | -17.52 | 0.0 | -25.00 | 9.37 | 0.0 | 125.00 | -2.03 | 0.0 | 52.06 | 0 | 0.0 |
| 20Q2 (3) | 1.25 | 447.22 | 0.0 | 15.41 | 620.61 | 0.0 | -18.70 | 45.54 | 0.0 | 66.78 | 300.0 | 0.0 | 62.90 | 335.4 | 0.0 | 4.45 | 444.96 | 0.0 | 3.60 | 504.49 | 0.0 | 0.06 | 50.0 | 0.0 | 87.69 | 0 | 0.0 | 16.55 | -51.96 | 0.0 | -27.59 | -127.59 | 0.0 | 127.59 | 3927.59 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.36 | 0 | 0.0 | -2.96 | -112.32 | 0.0 | -34.34 | -689.02 | 0.0 | -33.39 | -14417.39 | 0.0 | -26.72 | -13260.0 | 0.0 | -1.29 | -6350.0 | 0.0 | -0.89 | -1880.0 | 0.0 | 0.04 | -33.33 | 0.0 | 0.00 | -100.0 | 0.0 | 34.45 | -5.49 | 0.0 | 100.00 | 0 | 0.0 | -3.33 | 0 | 0.0 | 52.29 | 0 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 24.02 | 0.0 | 0.0 | 5.83 | 0.0 | 0.0 | -0.23 | 0.0 | 0.0 | -0.20 | 0.0 | 0.0 | -0.02 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | 20.13 | 0.0 | 0.0 | 36.45 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 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) | -1.31 | 0 | -2.11 | 0 | -56.18 | 0 | 31.58 | 39.32 | -40.25 | 0 | -41.15 | 0 | -3.42 | 0 | -3.22 | 0 | 0.08 | -38.46 | -8.61 | 0 | 3.20 | -60.78 | 139.29 | 0 | -39.29 | 0 | 0.00 | 0 | 69.09 | 43.49 |
| 2022 (9) | 0.07 | -95.36 | 12.47 | -53.01 | -17.50 | 0 | 22.67 | 53.0 | 9.90 | -49.13 | 1.19 | -93.54 | 0.17 | -96.0 | 0.19 | -94.95 | 0.13 | -35.0 | 32.80 | -5.28 | 8.16 | -45.45 | -178.38 | 0 | 278.38 | 260.86 | 0.00 | 0 | 48.15 | 17.7 |
| 2021 (8) | 1.51 | 14.39 | 26.54 | 147.11 | 4.38 | 0 | 14.81 | -32.49 | 19.46 | -26.73 | 18.43 | -6.59 | 4.25 | -8.8 | 3.76 | -3.09 | 0.20 | 5.26 | 34.63 | -29.79 | 14.96 | 7.55 | 22.86 | 0 | 77.14 | -54.64 | 0.00 | 0 | 40.91 | -16.31 |
| 2020 (7) | 1.32 | 13100.0 | 10.74 | -42.87 | -18.60 | 0 | 21.95 | 3.98 | 26.56 | 0 | 19.73 | 28085.71 | 4.66 | 23200.0 | 3.88 | 1285.71 | 0.19 | -17.39 | 49.32 | 133.63 | 13.91 | -61.84 | -70.09 | 0 | 170.09 | 155.13 | 0.00 | 0 | 48.88 | 35.74 |
| 2019 (6) | 0.01 | -88.89 | 18.80 | 15.34 | -0.47 | 0 | 21.11 | 25.67 | -1.43 | 0 | 0.07 | -90.28 | 0.02 | -93.33 | 0.28 | -41.67 | 0.23 | -17.86 | 21.11 | 4.87 | 36.45 | -14.7 | 33.33 | 33.33 | 66.67 | -3.03 | 0.00 | 0 | 36.01 | -0.69 |
| 2018 (5) | 0.09 | -71.88 | 16.30 | -21.9 | 0.56 | -93.35 | 16.79 | 10.26 | 2.01 | -28.72 | 0.72 | -70.37 | 0.30 | -72.73 | 0.48 | -53.4 | 0.28 | -6.67 | 20.13 | 4.3 | 42.73 | -13.47 | 25.00 | -91.67 | 68.75 | 0 | 0.00 | 0 | 36.26 | 18.0 |
| 2017 (4) | 0.32 | 700.0 | 20.87 | 42.85 | 8.42 | 180.67 | 15.23 | 5.64 | 2.82 | 54.95 | 2.43 | 614.71 | 1.10 | 633.33 | 1.03 | 151.22 | 0.30 | 3.45 | 19.30 | 9.78 | 49.38 | -4.71 | 300.00 | 84.62 | -200.00 | 0 | 0.00 | 0 | 30.73 | 8.01 |
| 2016 (3) | 0.04 | -75.0 | 14.61 | -26.25 | 3.00 | -65.36 | 14.42 | 9.07 | 1.82 | -58.26 | 0.34 | -59.04 | 0.15 | -71.7 | 0.41 | -19.61 | 0.29 | -32.56 | 17.58 | -2.5 | 51.82 | -6.24 | 162.50 | -18.75 | -62.50 | 0 | 0.00 | 0 | 28.45 | 2.49 |
| 2015 (2) | 0.16 | -97.11 | 19.81 | -38.25 | 8.66 | -65.85 | 13.22 | 51.65 | 4.36 | -83.5 | 0.83 | -95.67 | 0.53 | -97.17 | 0.51 | -96.17 | 0.43 | -37.68 | 18.03 | -49.07 | 55.27 | 39.61 | 200.00 | 108.28 | -100.00 | 0 | 0.00 | 0 | 27.76 | 24.21 |
| 2014 (1) | 5.54 | -11.22 | 32.08 | 0 | 25.36 | 0 | 8.72 | 35.0 | 26.42 | 0 | 19.15 | 0 | 18.73 | 0 | 13.31 | 0 | 0.69 | -13.75 | 35.40 | 7.63 | 39.59 | -13.41 | 96.02 | -3.24 | 3.98 | 421.87 | 0.00 | 0 | 22.35 | 8.23 |
