- 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) | -2.00 | 13.42 | 4.76 | 52.29 | 227.22 | 65262.5 | -196.65 | 43.3 | 59.06 | -192.60 | 43.38 | 57.77 | -192.33 | 46.59 | 57.77 | -10.87 | 1.72 | -40.99 | -9.14 | 2.45 | -36.83 | 0.05 | 66.67 | 400.0 | -167.62 | 43.83 | 57.63 | 19.02 | 8.87 | 31.9 | 101.98 | 0.13 | -3.12 | -1.98 | -6.93 | 62.38 | 128.91 | -50.5 | -54.98 |
| 24Q2 (19) | -2.31 | -6.45 | 68.01 | 15.98 | 81.38 | 95.12 | -346.82 | 28.02 | 10.6 | -340.15 | 25.35 | 71.04 | -360.11 | 20.86 | 71.33 | -11.06 | -17.29 | 47.01 | -9.37 | -16.54 | 48.69 | 0.03 | 50.0 | 200.0 | -298.44 | 26.18 | 73.29 | 17.47 | 0.23 | 14.86 | 101.85 | -3.53 | 208.09 | -1.85 | 66.82 | -102.77 | 260.40 | -16.16 | -5.56 |
| 24Q1 (18) | -2.17 | 2.25 | -9.6 | 8.81 | 30.71 | -40.03 | -481.80 | -23.54 | -2.91 | -455.65 | -12.49 | -3.96 | -455.05 | -13.96 | -3.51 | -9.43 | -5.96 | -75.61 | -8.04 | -4.55 | -68.55 | 0.02 | 0.0 | 100.0 | -404.26 | -11.73 | -4.72 | 17.43 | 10.04 | 32.05 | 105.58 | 9.98 | -1.18 | -5.58 | -256.98 | 18.43 | 310.60 | 14.49 | 4.01 |
| 23Q4 (17) | -2.22 | -5.71 | -5.21 | 6.74 | 8325.0 | -66.28 | -389.99 | 18.81 | 23.37 | -405.05 | 11.19 | 27.01 | -399.32 | 12.32 | 26.13 | -8.90 | -15.43 | -68.24 | -7.69 | -15.12 | -60.88 | 0.02 | 100.0 | 100.0 | -361.82 | 8.55 | 24.79 | 15.84 | 9.85 | 54.09 | 96.00 | -8.8 | 4.68 | 3.56 | 167.56 | -57.12 | 271.29 | -5.25 | -19.59 |
| 23Q3 (16) | -2.10 | 70.91 | -47.89 | 0.08 | -99.02 | -99.08 | -480.36 | -23.82 | -8.54 | -456.07 | 61.17 | -33.35 | -455.41 | 63.74 | -33.09 | -7.71 | 63.06 | -113.57 | -6.68 | 63.42 | -105.54 | 0.01 | 0.0 | 0.0 | -395.65 | 64.59 | -31.88 | 14.42 | -5.19 | 53.73 | 105.26 | 218.41 | -18.76 | -5.26 | -107.86 | 82.21 | 286.33 | 3.84 | 1.23 |
| 23Q2 (15) | -7.22 | -264.65 | -174.52 | 8.19 | -44.25 | 185.22 | -387.95 | 17.14 | 27.53 | -1174.42 | -167.95 | -139.67 | -1255.99 | -185.7 | -80.06 | -20.87 | -288.64 | -319.92 | -18.26 | -282.81 | -299.56 | 0.01 | 0.0 | 0.0 | -1117.31 | -189.42 | -153.14 | 15.21 | 15.23 | 38.27 | 33.06 | -69.06 | -69.68 | 66.94 | 1078.37 | 841.5 | 275.74 | -7.66 | -26.47 |
| 23Q1 (14) | -1.98 | 6.16 | -315.22 | 14.69 | -26.51 | -84.33 | -468.19 | 8.0 | -2284.74 | -438.30 | 21.02 | -1721.53 | -439.62 | 18.68 | -1796.06 | -5.37 | -1.51 | -558.97 | -4.77 | 0.21 | -522.12 | 0.01 | 0.0 | -75.0 | -386.05 | 19.75 | -1289.31 | 13.20 | 28.4 | 145.35 | 106.84 | 16.5 | 35.51 | -6.84 | -182.51 | -132.34 | 298.62 | -11.49 | 564.93 |
| 22Q4 (13) | -2.11 | -48.59 | -43.54 | 19.99 | 128.72 | -22.58 | -508.92 | -15.0 | 64.79 | -554.97 | -62.27 | 58.64 | -540.58 | -57.99 | 57.67 | -5.29 | -46.54 | -76.33 | -4.78 | -47.08 | -66.55 | 0.01 | 0.0 | 0 | -481.08 | -60.36 | 61.82 | 10.28 | 9.59 | 144.76 | 91.71 | -29.23 | -15.3 | 8.29 | 128.04 | 210.29 | 337.37 | 19.27 | -60.09 |
| 22Q3 (12) | -1.42 | 46.01 | 42.28 | 8.74 | 190.95 | -52.83 | -442.55 | 17.33 | 68.0 | -342.01 | 30.2 | 81.5 | -342.17 | 50.95 | 83.24 | -3.61 | 27.36 | 20.66 | -3.25 | 28.88 | 25.8 | 0.01 | 0.0 | 0 | -300.00 | 32.03 | 82.66 | 9.38 | -14.73 | 131.03 | 129.58 | 18.85 | 72.77 | -29.58 | -227.63 | -218.31 | 282.86 | -24.57 | -63.87 |
| 22Q2 (11) | -2.63 | -385.87 | -107.14 | -9.61 | -110.25 | 0 | -535.32 | -2597.99 | 0 | -490.02 | -1912.87 | 0 | -697.54 | -2791.13 | 0 | -4.97 | -524.79 | 7.79 | -4.57 | -504.42 | 6.35 | 0.01 | -75.0 | 133.33 | -441.38 | -1459.77 | -471.88 | 11.00 | 104.46 | 217.0 | 109.03 | 38.28 | -0.63 | -9.03 | -142.68 | 7.14 | 375.02 | 735.05 | 503.38 |
| 22Q1 (10) | 0.92 | 162.59 | 183.64 | 93.75 | 263.09 | 92.11 | 21.43 | 101.48 | 157.04 | 27.03 | 102.01 | 175.61 | 25.92 | 102.03 | 159.57 | 1.17 | 139.0 | 145.88 | 1.13 | 139.37 | 156.78 | 0.04 | 0 | -20.0 | 32.46 | 102.58 | 280.84 | 5.38 | 28.1 | -77.95 | 78.85 | -27.18 | -25.16 | 21.15 | 381.35 | 494.87 | 44.91 | -94.69 | -28.52 |
| 21Q4 (9) | -1.47 | 40.24 | -635.0 | 25.82 | 39.34 | -55.41 | -1445.38 | -4.51 | -22613.71 | -1341.67 | 27.42 | -62503.26 | -1276.98 | 37.46 | -33416.54 | -3.00 | 34.07 | -733.33 | -2.87 | 34.47 | -962.96 | 0.00 | 0 | -100.0 | -1260.00 | 27.17 | -10131.85 | 4.20 | 3.45 | -83.33 | 108.27 | 44.36 | -61.33 | -7.52 | -130.08 | 96.24 | 845.39 | 7.97 | 2211.7 |
| 21Q3 (8) | -2.46 | -106.68 | -153.61 | 18.53 | 0 | -65.87 | -1383.02 | 0 | -7319.64 | -1848.47 | 0 | -7513.14 | -2041.78 | 0 | -5758.77 | -4.55 | 15.58 | -75.0 | -4.38 | 10.25 | -92.95 | 0.00 | 100.0 | -100.0 | -1730.00 | -1557.58 | -16550.63 | 4.06 | 17.0 | -70.3 | 75.00 | -31.65 | -4.31 | 25.00 | 357.14 | 2.78 | 782.95 | 942.15 | 1489.42 |
| 21Q2 (7) | 36.83 | 3448.18 | 4018.09 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -5.39 | -111.37 | -96.0 | -4.88 | -145.23 | -100.0 | -0.03 | -160.0 | -150.0 | 118.69 | 761.23 | 759.76 | 3.47 | -85.78 | -73.79 | 109.72 | 4.14 | 28.92 | -9.72 | -81.48 | -165.28 | -92.97 | -247.97 | 0 |
| 21Q1 (6) | -1.10 | -450.0 | -37.5 | 48.80 | -15.72 | -4.31 | -37.57 | -685.2 | -20.84 | -35.75 | -1762.79 | -42.15 | -43.51 | -1041.99 | -24.14 | -2.55 | -608.33 | -18.06 | -1.99 | -637.04 | -3.65 | 0.05 | -37.5 | -16.67 | -17.95 | -242.91 | -89.15 | 24.40 | -3.14 | 127.61 | 105.36 | -62.37 | -16.69 | -5.36 | 97.32 | 77.23 | 62.83 | 71.81 | 5.37 |
| 20Q4 (5) | -0.20 | 79.38 | 84.13 | 57.90 | 6.63 | 21.64 | 6.42 | 134.44 | 112.83 | 2.15 | 108.86 | 103.62 | -3.81 | 89.07 | 94.33 | -0.36 | 86.15 | 90.03 | -0.27 | 88.11 | 91.56 | 0.08 | 14.29 | 60.0 | 12.56 | 220.89 | 130.05 | 25.19 | 84.27 | 111.15 | 280.00 | 257.24 | 230.49 | -200.00 | -922.22 | -1409.09 | 36.57 | -25.76 | -44.6 |
| 20Q3 (4) | -0.97 | -3.19 | 0.0 | 54.30 | 4.38 | 0.0 | -18.64 | 34.57 | 0.0 | -24.28 | 27.44 | 0.0 | -34.85 | 18.21 | 0.0 | -2.60 | 5.45 | 0.0 | -2.27 | 6.97 | 0.0 | 0.07 | 16.67 | 0.0 | -10.39 | 42.25 | 0.0 | 13.67 | 3.25 | 0.0 | 78.38 | -7.91 | 0.0 | 24.32 | 63.32 | 0.0 | 49.26 | 0 | 0.0 |
| 20Q2 (3) | -0.94 | -17.5 | 0.0 | 52.02 | 2.0 | 0.0 | -28.49 | 8.36 | 0.0 | -33.46 | -33.04 | 0.0 | -42.61 | -21.57 | 0.0 | -2.75 | -27.31 | 0.0 | -2.44 | -27.08 | 0.0 | 0.06 | 0.0 | 0.0 | -17.99 | -89.57 | 0.0 | 13.24 | 23.51 | 0.0 | 85.11 | -32.71 | 0.0 | 14.89 | 163.3 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.80 | 36.51 | 0.0 | 51.00 | 7.14 | 0.0 | -31.09 | 37.84 | 0.0 | -25.15 | 57.62 | 0.0 | -35.05 | 47.83 | 0.0 | -2.16 | 40.17 | 0.0 | -1.92 | 40.0 | 0.0 | 0.06 | 20.0 | 0.0 | -9.49 | 77.3 | 0.0 | 10.72 | -10.14 | 0.0 | 126.47 | 49.28 | 0.0 | -23.53 | -254.01 | 0.0 | 59.63 | -9.67 | 0.0 |
| 19Q4 (1) | -1.26 | 0.0 | 0.0 | 47.60 | 0.0 | 0.0 | -50.02 | 0.0 | 0.0 | -59.34 | 0.0 | 0.0 | -67.19 | 0.0 | 0.0 | -3.61 | 0.0 | 0.0 | -3.20 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | -41.80 | 0.0 | 0.0 | 11.93 | 0.0 | 0.0 | 84.72 | 0.0 | 0.0 | 15.28 | 0.0 | 0.0 | 66.01 | 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) | -13.09 | 0 | 7.33 | -88.29 | -427.78 | 0 | 43.88 | 178.2 | -627.06 | 0 | -647.08 | 0 | -42.09 | 0 | -37.27 | 0 | 0.06 | -14.29 | -575.51 | 0 | 15.84 | 54.09 | 68.24 | -38.61 | 31.76 | 0 | 6.22 | 39.72 | 282.00 | 92.24 |
| 2022 (9) | -4.95 | 0 | 62.62 | 50.82 | -163.53 | 0 | 15.77 | -74.69 | -147.20 | 0 | -166.57 | 0 | -12.66 | 0 | -11.73 | 0 | 0.07 | 250.0 | -124.16 | 0 | 10.28 | 144.76 | 111.16 | 15.2 | -11.16 | 0 | 4.46 | 146.12 | 146.69 | -71.7 |
| 2021 (8) | 28.54 | 0 | 41.52 | -23.61 | -718.69 | 0 | 62.32 | 602.7 | -745.26 | 0 | 2945.96 | 0 | -17.16 | 0 | -15.25 | 0 | 0.02 | -90.91 | -657.97 | 0 | 4.20 | -83.33 | 96.50 | 13.41 | 3.50 | -76.52 | 1.81 | -71.97 | 518.40 | 954.95 |
| 2020 (7) | -2.91 | 0 | 54.35 | 32.43 | -14.78 | 0 | 8.87 | -24.03 | -17.38 | 0 | -25.93 | 0 | -6.93 | 0 | -5.73 | 0 | 0.22 | 10.0 | -3.98 | 0 | 25.19 | 111.15 | 85.09 | -15.91 | 14.91 | 0 | 6.46 | -32.56 | 49.14 | -29.77 |
| 2019 (6) | -3.96 | 0 | 41.04 | -42.55 | -56.70 | 0 | 11.67 | 227.85 | -55.99 | 0 | -62.31 | 0 | -13.97 | 0 | -12.57 | 0 | 0.20 | -47.37 | -37.89 | 0 | 11.93 | 44.08 | 101.18 | 23.6 | -1.18 | 0 | 9.57 | -29.92 | 69.97 | 94.15 |
| 2018 (5) | 4.94 | 0 | 71.43 | 156.94 | 26.17 | 0 | 3.56 | -58.03 | 31.96 | 0 | 32.03 | 0 | 12.95 | 0 | 12.03 | 0 | 0.38 | 280.0 | 39.47 | 0 | 8.28 | 20.35 | 81.86 | -19.63 | 18.14 | 0 | 13.66 | 0 | 36.04 | -66.96 |
| 2017 (4) | -4.81 | 0 | 27.80 | 3.77 | -166.00 | 0 | 8.48 | -58.99 | -163.55 | 0 | -165.41 | 0 | -16.99 | 0 | -15.88 | 0 | 0.10 | 400.0 | -139.39 | 0 | 6.88 | -2.96 | 101.86 | -2.18 | -1.49 | 0 | 0.00 | 0 | 109.07 | -69.64 |
| 2016 (3) | -4.65 | 0 | 26.79 | 0 | -774.21 | 0 | 20.69 | 0 | -744.87 | 0 | -747.27 | 0 | -17.17 | 0 | -16.26 | 0 | 0.02 | 0 | -720.69 | 0 | 7.09 | 167.55 | 104.13 | 0.7 | -4.13 | 0 | 0.00 | 0 | 359.30 | 0 |
| 2015 (2) | -3.44 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -29.21 | 0 | -28.43 | 0 | 0.00 | 0 | 0.00 | 0 | 2.65 | -10.77 | 103.41 | -0.08 | -3.41 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | -1.86 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -23.43 | 0 | -23.04 | 0 | 0.00 | 0 | 0.00 | 0 | 2.97 | 364.06 | 103.49 | 3.49 | -3.49 | 0 | 0.00 | 0 | 0.00 | 0 |
