- 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) | -1.02 | -22.89 | -466.67 | -2.21 | 63.77 | -117.44 | -63.92 | -4.41 | -83.73 | -65.33 | -27.22 | -189.97 | -52.36 | -27.4 | -642.7 | -3.90 | -28.71 | -529.03 | -3.49 | -26.91 | -558.49 | 0.07 | 0.0 | -12.5 | -16.00 | -525.0 | -185.06 | 11.77 | 7.69 | -6.74 | 97.96 | -18.37 | -35.63 | 2.04 | 110.2 | 103.91 | 59.32 | 1.13 | 32.29 |
| 24Q2 (19) | -0.83 | 1.19 | 22.43 | -6.10 | -653.09 | 52.6 | -61.22 | 13.54 | 18.33 | -51.35 | -0.51 | 17.07 | -41.10 | -0.59 | 30.8 | -3.03 | -2.36 | 11.14 | -2.75 | -3.0 | 8.33 | 0.07 | 0.0 | 40.0 | -2.56 | -104.8 | 11.72 | 10.93 | 21.58 | -38.11 | 120.00 | -12.14 | -0.77 | -20.00 | 48.75 | 4.44 | 58.66 | 3.17 | -9.31 |
| 24Q1 (18) | -0.84 | -37.7 | -1.2 | -0.81 | -103.72 | -109.07 | -70.81 | -303.71 | -28.56 | -51.09 | -101.22 | 8.67 | -40.86 | -113.48 | 8.75 | -2.96 | -43.0 | -19.35 | -2.67 | -45.9 | -19.73 | 0.07 | -30.0 | 40.0 | -1.25 | -116.94 | -144.33 | 8.99 | -24.07 | 0.78 | 136.59 | 101.63 | 40.09 | -39.02 | -220.98 | -1660.98 | 56.86 | 58.52 | -10.43 |
| 23Q4 (17) | -0.61 | -238.89 | -6200.0 | 21.78 | 71.9 | -45.89 | -17.54 | 49.58 | -346.69 | -25.39 | -12.69 | -31837.5 | -19.14 | -171.49 | -8075.0 | -2.07 | -233.87 | -10450.0 | -1.83 | -245.28 | -6200.0 | 0.10 | 25.0 | 25.0 | 7.38 | -60.77 | -78.57 | 11.84 | -6.18 | -1.91 | 67.74 | -55.48 | 0 | 32.26 | 161.83 | 0 | 35.87 | -20.0 | 6.69 |
| 23Q3 (16) | -0.18 | 83.18 | -119.78 | 12.67 | 198.45 | -71.5 | -34.79 | 53.59 | -403.05 | -22.53 | 63.61 | -175.45 | -7.05 | 88.13 | -129.53 | -0.62 | 81.82 | -122.63 | -0.53 | 82.33 | -122.18 | 0.08 | 60.0 | -20.0 | 18.81 | 748.62 | -68.22 | 12.62 | -28.54 | 5.52 | 152.17 | 25.84 | 293.86 | -52.17 | -149.28 | -185.02 | 44.84 | -30.67 | 27.82 |
| 23Q2 (15) | -1.07 | -28.92 | -237.18 | -12.87 | -244.12 | -130.44 | -74.96 | -36.09 | -588.66 | -61.92 | -10.69 | -393.88 | -59.39 | -32.63 | -452.67 | -3.41 | -37.5 | -246.98 | -3.00 | -34.53 | -247.06 | 0.05 | 0.0 | -58.33 | -2.90 | -202.84 | -106.42 | 17.66 | 97.98 | -4.85 | 120.93 | 24.03 | 65.72 | -20.93 | -937.21 | -177.44 | 64.68 | 1.89 | 137.71 |
| 23Q1 (14) | -0.83 | -8400.0 | -231.75 | 8.93 | -77.81 | -76.26 | -55.08 | -874.68 | -583.16 | -55.94 | -70025.0 | -426.56 | -44.78 | -18758.33 | -426.86 | -2.48 | -12500.0 | -232.62 | -2.23 | -7533.33 | -229.65 | 0.05 | -37.5 | -58.33 | 2.82 | -91.81 | -93.34 | 8.92 | -26.1 | -18.17 | 97.50 | 0 | 46.25 | 2.50 | 0 | -92.5 | 63.48 | 88.82 | 124.71 |
| 22Q4 (13) | 0.01 | -98.9 | -94.12 | 40.25 | -9.47 | 35.98 | 7.11 | -38.07 | 20.92 | 0.08 | -99.73 | -98.56 | 0.24 | -98.99 | -94.67 | 0.02 | -99.27 | -96.08 | 0.03 | -98.74 | -93.48 | 0.08 | -20.0 | -20.0 | 34.43 | -41.82 | -0.15 | 12.07 | 0.92 | 45.42 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 0 | 33.62 | -4.16 | 51.65 |
| 22Q3 (12) | 0.91 | 16.67 | 437.04 | 44.46 | 5.16 | 43.56 | 11.48 | -25.16 | 197.21 | 29.86 | 41.72 | 385.47 | 23.87 | 41.75 | 351.79 | 2.74 | 18.1 | 455.84 | 2.39 | 17.16 | 446.38 | 0.10 | -16.67 | 42.86 | 59.18 | 30.93 | 148.13 | 11.96 | -35.56 | -23.04 | 38.64 | -47.05 | -67.31 | 61.36 | 127.05 | 775.0 | 35.08 | 28.92 | -15.79 |
| 22Q2 (11) | 0.78 | 23.81 | 110.81 | 42.28 | 12.42 | -2.38 | 15.34 | 34.56 | 97.17 | 21.07 | 23.0 | 441.65 | 16.84 | 22.92 | 59.92 | 2.32 | 24.06 | 125.24 | 2.04 | 18.6 | 114.74 | 0.12 | 0.0 | 33.33 | 45.20 | 6.68 | 41.92 | 18.56 | 70.28 | 128.85 | 72.97 | 9.46 | -66.83 | 27.03 | -18.92 | 127.03 | 27.21 | -3.68 | -29.98 |
| 22Q1 (10) | 0.63 | 270.59 | 2000.0 | 37.61 | 27.06 | -14.15 | 11.40 | 93.88 | 151.1 | 17.13 | 208.09 | 1178.36 | 13.70 | 204.44 | 1283.84 | 1.87 | 266.67 | 1977.78 | 1.72 | 273.91 | 1811.11 | 0.12 | 20.0 | 50.0 | 42.37 | 22.88 | 43.82 | 10.90 | 31.33 | 10.89 | 66.67 | -40.74 | -77.78 | 33.33 | 0 | 116.67 | 28.25 | 27.42 | -31.38 |
| 21Q4 (9) | 0.17 | 162.96 | -45.16 | 29.60 | -4.42 | -37.47 | 5.88 | 149.79 | -58.0 | 5.56 | 153.15 | -43.21 | 4.50 | 147.47 | -41.79 | 0.51 | 166.23 | -41.38 | 0.46 | 166.67 | -41.77 | 0.10 | 42.86 | 0.0 | 34.48 | 44.57 | 6.88 | 8.30 | -46.59 | -29.3 | 112.50 | -4.81 | -23.3 | 0.00 | 100.0 | 100.0 | 22.17 | -46.78 | -34.62 |
| 21Q3 (8) | -0.27 | -172.97 | -122.5 | 30.97 | -28.49 | -45.24 | -11.81 | -251.8 | -137.1 | -10.46 | -368.89 | -136.23 | -9.48 | -190.03 | -141.0 | -0.77 | -174.76 | -122.51 | -0.69 | -172.63 | -122.85 | 0.07 | -22.22 | -46.15 | 23.85 | -25.12 | -47.85 | 15.54 | 91.62 | 27.69 | 118.18 | -46.28 | 8.8 | -9.09 | 90.91 | 12.12 | 41.66 | 7.21 | 58.04 |
| 21Q2 (7) | 0.37 | 1133.33 | -67.26 | 43.31 | -1.14 | -21.44 | 7.78 | 71.37 | -73.55 | 3.89 | 190.3 | -84.8 | 10.53 | 963.64 | -53.49 | 1.03 | 1044.44 | -68.21 | 0.95 | 955.56 | -65.7 | 0.09 | 12.5 | -25.0 | 31.85 | 8.11 | -26.71 | 8.11 | -17.5 | -47.2 | 220.00 | -26.67 | 92.5 | -100.00 | 50.0 | -600.0 | 38.86 | -5.61 | 0 |
| 21Q1 (6) | 0.03 | -90.32 | -96.84 | 43.81 | -7.46 | -16.44 | 4.54 | -67.57 | -81.3 | 1.34 | -86.31 | -95.16 | 0.99 | -87.19 | -95.52 | 0.09 | -89.66 | -96.7 | 0.09 | -88.61 | -96.05 | 0.08 | -20.0 | -20.0 | 29.46 | -8.68 | -36.04 | 9.83 | -16.27 | -56.56 | 300.00 | 104.55 | 245.0 | -200.00 | -328.57 | -1633.33 | 41.17 | 21.41 | 30.08 |
| 20Q4 (5) | 0.31 | -74.17 | -13.89 | 47.34 | -16.3 | -7.1 | 14.00 | -56.02 | -6.73 | 9.79 | -66.09 | 16.41 | 7.73 | -66.57 | 17.66 | 0.87 | -74.56 | -25.0 | 0.79 | -73.84 | -19.39 | 0.10 | -23.08 | -28.57 | 32.26 | -29.46 | 35.66 | 11.74 | -3.53 | -47.4 | 146.67 | 35.03 | -16.19 | -46.67 | -351.11 | 37.78 | 33.91 | 28.64 | -20.75 |
| 20Q3 (4) | 1.20 | 6.19 | 0.0 | 56.56 | 2.59 | 0.0 | 31.83 | 8.23 | 0.0 | 28.87 | 12.82 | 0.0 | 23.12 | 2.12 | 0.0 | 3.42 | 5.56 | 0.0 | 3.02 | 9.03 | 0.0 | 0.13 | 8.33 | 0.0 | 45.73 | 5.22 | 0.0 | 12.17 | -20.77 | 0.0 | 108.62 | -4.96 | 0.0 | -10.34 | 27.59 | 0.0 | 26.36 | 0 | 0.0 |
| 20Q2 (3) | 1.13 | 18.95 | 0.0 | 55.13 | 5.15 | 0.0 | 29.41 | 21.13 | 0.0 | 25.59 | -7.52 | 0.0 | 22.64 | 2.44 | 0.0 | 3.24 | 18.68 | 0.0 | 2.77 | 21.49 | 0.0 | 0.12 | 20.0 | 0.0 | 43.46 | -5.64 | 0.0 | 15.36 | -32.13 | 0.0 | 114.29 | 31.43 | 0.0 | -14.29 | -209.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.95 | 163.89 | 0.0 | 52.43 | 2.88 | 0.0 | 24.28 | 61.76 | 0.0 | 27.67 | 229.01 | 0.0 | 22.10 | 236.38 | 0.0 | 2.73 | 135.34 | 0.0 | 2.28 | 132.65 | 0.0 | 0.10 | -28.57 | 0.0 | 46.06 | 93.69 | 0.0 | 22.63 | 1.39 | 0.0 | 86.96 | -50.31 | 0.0 | 13.04 | 117.39 | 0.0 | 31.65 | -26.03 | 0.0 |
| 19Q4 (1) | 0.36 | 0.0 | 0.0 | 50.96 | 0.0 | 0.0 | 15.01 | 0.0 | 0.0 | 8.41 | 0.0 | 0.0 | 6.57 | 0.0 | 0.0 | 1.16 | 0.0 | 0.0 | 0.98 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 23.78 | 0.0 | 0.0 | 22.32 | 0.0 | 0.0 | 175.00 | 0.0 | 0.0 | -75.00 | 0.0 | 0.0 | 42.79 | 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) | -2.68 | 0 | 10.12 | -75.36 | -40.64 | 0 | 44.90 | 63.86 | -37.55 | 0 | -28.49 | 0 | -8.56 | 0 | -7.60 | 0 | 0.27 | -38.64 | 7.71 | -83.06 | 11.84 | -1.91 | 108.09 | 65.83 | -8.09 | 0 | 0.00 | 0 | 49.27 | 60.91 |
| 2022 (9) | 2.33 | 676.67 | 41.07 | 11.0 | 11.70 | 406.49 | 27.40 | -7.04 | 17.91 | 2458.57 | 14.35 | 537.78 | 6.93 | 687.5 | 6.34 | 673.17 | 0.44 | 25.71 | 45.51 | 50.45 | 12.07 | 45.42 | 65.18 | -78.27 | 34.82 | 0 | 0.00 | 0 | 30.62 | -13.43 |
| 2021 (8) | 0.30 | -91.62 | 37.00 | -30.45 | 2.31 | -90.95 | 29.48 | 62.48 | 0.70 | -97.03 | 2.25 | -88.4 | 0.88 | -91.4 | 0.82 | -90.76 | 0.35 | -22.22 | 30.25 | -28.3 | 8.30 | -29.3 | 300.00 | 176.8 | -200.00 | 0 | 0.00 | 0 | 35.37 | 22.73 |
| 2020 (7) | 3.58 | 28.78 | 53.20 | 1.58 | 25.53 | 25.95 | 18.14 | 13.08 | 23.55 | 23.43 | 19.40 | 27.8 | 10.23 | 11.68 | 8.87 | 17.48 | 0.45 | -6.25 | 42.19 | 17.26 | 11.74 | -47.4 | 108.38 | 2.31 | -8.38 | 0 | 0.00 | 0 | 28.82 | -15.85 |
| 2019 (6) | 2.78 | 694.29 | 52.37 | 62.59 | 20.27 | 1547.97 | 16.05 | -6.57 | 19.08 | 456.27 | 15.18 | 532.5 | 9.16 | 527.4 | 7.55 | 443.17 | 0.48 | 4.35 | 35.98 | 67.19 | 22.32 | -29.88 | 105.93 | 182.49 | -5.93 | 0 | 0.00 | 0 | 34.25 | 3.13 |
| 2018 (5) | 0.35 | -85.66 | 32.21 | -30.78 | 1.23 | -93.02 | 17.17 | 26.4 | 3.43 | -77.73 | 2.40 | -82.94 | 1.46 | -86.76 | 1.39 | -84.06 | 0.46 | -24.59 | 21.52 | -27.12 | 31.83 | -7.87 | 37.50 | -67.14 | 62.50 | 0 | 0.00 | 0 | 33.21 | 0.64 |
| 2017 (4) | 2.44 | -12.23 | 46.53 | -2.64 | 17.61 | -9.6 | 13.59 | 2.99 | 15.40 | -24.88 | 14.07 | -14.57 | 11.03 | -22.27 | 8.72 | -24.44 | 0.61 | -11.59 | 29.53 | -13.22 | 34.55 | 48.54 | 114.12 | 19.71 | -14.12 | 0 | 0.00 | 0 | 33.00 | 15.59 |
| 2016 (3) | 2.78 | 54.44 | 47.79 | 23.33 | 19.48 | 18.85 | 13.19 | -4.17 | 20.50 | 62.83 | 16.47 | 92.41 | 14.19 | 88.2 | 11.54 | 88.87 | 0.69 | -1.43 | 34.03 | 28.03 | 23.26 | -8.24 | 95.33 | -26.84 | 4.67 | 0 | 0.00 | 0 | 28.55 | -6.18 |
| 2015 (2) | 1.80 | -40.0 | 38.75 | 10.9 | 16.39 | 2.37 | 13.77 | -2.65 | 12.59 | -40.81 | 8.56 | -45.65 | 7.54 | -50.17 | 6.11 | -44.45 | 0.70 | 1.45 | 26.58 | -26.08 | 25.35 | -3.83 | 130.30 | 73.19 | -30.30 | 0 | 0.00 | 0 | 30.43 | -6.6 |
| 2014 (1) | 3.00 | 44.93 | 34.94 | 0 | 16.01 | 0 | 14.14 | 3.0 | 21.27 | 0 | 15.75 | 0 | 15.13 | 0 | 11.00 | 0 | 0.69 | 0.0 | 35.96 | 18.17 | 26.36 | -55.52 | 75.24 | -26.82 | 24.76 | 0 | 0.00 | 0 | 32.58 | 16.44 |
