- 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) | -0.75 | 18.48 | 2.6 | -7.05 | 86.93 | 80.97 | -51.60 | 47.58 | 40.42 | -63.74 | 27.13 | 14.11 | -63.27 | 27.72 | 14.8 | -3.18 | 14.05 | -14.8 | -2.28 | 17.09 | -7.04 | 0.04 | 33.33 | 33.33 | -24.24 | 43.44 | 24.58 | 34.64 | 4.94 | 32.92 | 80.95 | -27.72 | -29.17 | 19.05 | 258.73 | 233.33 | 56.24 | -8.82 | -20.56 |
| 24Q2 (19) | -0.92 | 4.17 | -43.75 | -53.93 | 30.21 | -200.95 | -98.43 | 23.32 | -33.3 | -87.47 | 16.53 | -35.55 | -87.53 | 16.53 | -35.52 | -3.70 | 0.0 | -63.72 | -2.75 | 3.17 | -58.05 | 0.03 | 0.0 | 0.0 | -42.86 | 20.88 | -131.43 | 33.01 | 22.03 | 27.06 | 112.00 | -6.06 | -4.8 | -12.00 | 48.0 | -2.0 | 61.68 | -11.06 | -16.2 |
| 24Q1 (18) | -0.96 | 17.95 | -95.92 | -77.27 | -8.89 | -1216.62 | -128.37 | -5.06 | -221.25 | -104.79 | 16.9 | -136.44 | -104.86 | 16.89 | -136.28 | -3.70 | 14.75 | -120.24 | -2.84 | 15.48 | -118.46 | 0.03 | 0.0 | 0.0 | -54.17 | 28.72 | -1470.14 | 27.05 | 1.42 | 6.71 | 119.23 | 23.21 | 29.17 | -23.08 | -815.38 | -400.0 | 69.35 | 3.08 | 2.11 |
| 23Q4 (17) | -1.17 | -51.95 | -10.38 | -70.96 | -91.52 | 34.08 | -122.19 | -41.1 | 11.11 | -126.10 | -69.92 | 16.58 | -126.17 | -69.9 | 0.05 | -4.34 | -56.68 | -21.91 | -3.36 | -57.75 | -20.0 | 0.03 | 0.0 | 50.0 | -76.00 | -136.47 | 24.0 | 26.67 | 2.34 | 6.34 | 96.77 | -15.32 | 6.14 | 3.23 | 122.58 | -63.44 | 67.28 | -4.97 | -15.41 |
| 23Q3 (16) | -0.77 | -20.31 | -741.67 | -37.05 | -106.75 | -217.73 | -86.60 | -17.28 | -559.06 | -74.21 | -15.0 | -686.18 | -74.26 | -14.97 | -837.44 | -2.77 | -22.57 | -775.61 | -2.13 | -22.41 | -708.57 | 0.03 | 0.0 | 0.0 | -32.14 | -73.54 | -166.3 | 26.06 | 0.31 | 1.72 | 114.29 | -2.86 | 214.29 | -14.29 | -21.43 | -107.14 | 70.80 | -3.8 | 7.35 |
| 23Q2 (15) | -0.64 | -30.61 | -6500.0 | -17.92 | -358.96 | -183.43 | -73.84 | -84.78 | -1353.54 | -64.53 | -45.6 | -6245.71 | -64.59 | -45.54 | -12061.11 | -2.26 | -34.52 | -5750.0 | -1.74 | -33.85 | -3000.0 | 0.03 | 0.0 | -50.0 | -18.52 | -436.81 | -192.6 | 25.98 | 2.49 | -14.65 | 117.65 | 27.45 | 139.22 | -11.76 | -252.94 | -102.94 | 73.60 | 8.36 | 109.63 |
| 23Q1 (14) | -0.49 | 53.77 | -281.48 | 6.92 | 106.43 | -78.05 | -39.96 | 70.93 | -7235.71 | -44.32 | 70.68 | -471.5 | -44.38 | 64.84 | -443.5 | -1.68 | 52.81 | -295.35 | -1.30 | 53.57 | -283.1 | 0.03 | 50.0 | -40.0 | -3.45 | 96.55 | -109.99 | 25.35 | 1.08 | 10.27 | 92.31 | 1.24 | 0 | 7.69 | -12.82 | -91.03 | 67.92 | -14.61 | 71.95 |
| 22Q4 (13) | -1.06 | -983.33 | 0 | -107.65 | -442.07 | -437.46 | -137.46 | -946.12 | -4840.0 | -151.17 | -1294.08 | -1511800.0 | -126.23 | -1353.53 | -631050.0 | -3.56 | -968.29 | 0 | -2.80 | -900.0 | -14100.0 | 0.02 | -33.33 | -66.67 | -100.00 | -306.27 | -733.31 | 25.08 | -2.11 | -3.43 | 91.18 | 191.18 | 0 | 8.82 | -95.59 | 0 | 79.54 | 20.61 | 104.05 |
| 22Q3 (12) | 0.12 | 1100.0 | 100.0 | 31.47 | 46.51 | -7.6 | -13.14 | -158.66 | -506.81 | 12.66 | 1105.71 | 260.68 | 10.07 | 1764.81 | 165.0 | 0.41 | 925.0 | 105.0 | 0.35 | 483.33 | 84.21 | 0.03 | -50.0 | -25.0 | 48.48 | 142.4 | 93.92 | 25.62 | -15.83 | 18.78 | -100.00 | 66.67 | -300.0 | 200.00 | -50.0 | 0 | 65.95 | 87.84 | 33.66 |
| 22Q2 (11) | 0.01 | -96.3 | -96.0 | 21.48 | -31.85 | -43.47 | -5.08 | -1007.14 | -135.43 | 1.05 | -91.2 | -83.33 | 0.54 | -95.82 | -95.72 | 0.04 | -95.35 | -94.81 | 0.06 | -91.55 | -91.04 | 0.06 | 20.0 | 20.0 | 20.00 | -42.11 | -5.44 | 30.44 | 32.41 | 79.59 | -300.00 | 0 | -228.57 | 400.00 | 366.67 | 400.0 | 35.11 | -11.11 | -22.2 |
| 22Q1 (10) | 0.27 | 0 | 58.82 | 31.52 | -1.19 | -19.88 | 0.56 | -80.69 | -95.34 | 11.93 | 119200.0 | 13.19 | 12.92 | 64700.0 | 35.57 | 0.86 | 0 | 56.36 | 0.71 | 3450.0 | 51.06 | 0.05 | -16.67 | 0.0 | 34.55 | 118.81 | 30.23 | 22.99 | -11.47 | 31.6 | 0.00 | 0 | -100.0 | 85.71 | 0 | 528.57 | 39.50 | 1.33 | -16.93 |
| 21Q4 (9) | 0.00 | -100.0 | -100.0 | 31.90 | -6.34 | -25.66 | 2.90 | -10.22 | -90.49 | 0.01 | -99.72 | -99.95 | -0.02 | -100.53 | -100.11 | 0.00 | -100.0 | -100.0 | 0.02 | -89.47 | -98.59 | 0.06 | 50.0 | -25.0 | 15.79 | -36.84 | -48.03 | 25.97 | 20.4 | 17.41 | 0.00 | -100.0 | -100.0 | 0.00 | 0 | 100.0 | 38.98 | -21.0 | 7.62 |
| 21Q3 (8) | 0.06 | -76.0 | -91.89 | 34.06 | -10.37 | -30.08 | 3.23 | -77.48 | -88.8 | 3.51 | -44.29 | -85.25 | 3.80 | -69.87 | -80.03 | 0.20 | -74.03 | -91.67 | 0.19 | -71.64 | -90.16 | 0.04 | -20.0 | -60.0 | 25.00 | 18.2 | -18.75 | 21.57 | 27.26 | -0.55 | 50.00 | -78.57 | -58.33 | 0.00 | 100.0 | 100.0 | 49.34 | 9.33 | 78.06 |
| 21Q2 (7) | 0.25 | 47.06 | -56.14 | 38.00 | -3.41 | -5.45 | 14.34 | 19.4 | -37.52 | 6.30 | -40.23 | -64.39 | 12.61 | 32.32 | -13.87 | 0.77 | 40.0 | -61.88 | 0.67 | 42.55 | -55.92 | 0.05 | 0.0 | -50.0 | 21.15 | -20.28 | -19.8 | 16.95 | -2.98 | -44.15 | 233.33 | 94.44 | 77.78 | -133.33 | -566.67 | -326.67 | 45.13 | -5.09 | 24.19 |
| 21Q1 (6) | 0.17 | -70.18 | -52.78 | 39.34 | -8.32 | 22.17 | 12.01 | -60.64 | 4.34 | 10.54 | -48.79 | -27.91 | 9.53 | -47.61 | -30.49 | 0.55 | -67.65 | -66.05 | 0.47 | -66.9 | -61.16 | 0.05 | -37.5 | -37.5 | 26.53 | -12.67 | -6.35 | 17.47 | -21.02 | -60.71 | 120.00 | -20.0 | 54.29 | -20.00 | 60.0 | -190.0 | 47.55 | 31.28 | 26.73 |
| 20Q4 (5) | 0.57 | -22.97 | -35.96 | 42.91 | -11.91 | 2.17 | 30.51 | 5.79 | 5.5 | 20.58 | -13.49 | -12.65 | 18.19 | -4.41 | -4.56 | 1.70 | -29.17 | -59.33 | 1.42 | -26.42 | -54.19 | 0.08 | -20.0 | -50.0 | 30.38 | -1.27 | -2.6 | 22.12 | 1.98 | -41.48 | 150.00 | 25.0 | 25.81 | -50.00 | -150.0 | -116.67 | 36.22 | 30.71 | 34.85 |
| 20Q3 (4) | 0.74 | 29.82 | 0.0 | 48.71 | 21.2 | 0.0 | 28.84 | 25.66 | 0.0 | 23.79 | 34.48 | 0.0 | 19.03 | 29.99 | 0.0 | 2.40 | 18.81 | 0.0 | 1.93 | 26.97 | 0.0 | 0.10 | 0.0 | 0.0 | 30.77 | 16.69 | 0.0 | 21.69 | -28.53 | 0.0 | 120.00 | -8.57 | 0.0 | -20.00 | 36.0 | 0.0 | 27.71 | -23.75 | 0.0 |
| 20Q2 (3) | 0.57 | 58.33 | 0.0 | 40.19 | 24.81 | 0.0 | 22.95 | 99.39 | 0.0 | 17.69 | 21.0 | 0.0 | 14.64 | 6.78 | 0.0 | 2.02 | 24.69 | 0.0 | 1.52 | 25.62 | 0.0 | 0.10 | 25.0 | 0.0 | 26.37 | -6.92 | 0.0 | 30.35 | -31.74 | 0.0 | 131.25 | 68.75 | 0.0 | -31.25 | -240.62 | 0.0 | 36.34 | -3.14 | 0.0 |
| 20Q1 (2) | 0.36 | -59.55 | 0.0 | 32.20 | -23.33 | 0.0 | 11.51 | -60.2 | 0.0 | 14.62 | -37.95 | 0.0 | 13.71 | -28.07 | 0.0 | 1.62 | -61.24 | 0.0 | 1.21 | -60.97 | 0.0 | 0.08 | -50.0 | 0.0 | 28.33 | -9.17 | 0.0 | 44.46 | 17.62 | 0.0 | 77.78 | -34.77 | 0.0 | 22.22 | 196.3 | 0.0 | 37.52 | 39.69 | 0.0 |
| 19Q4 (1) | 0.89 | 0.0 | 0.0 | 42.00 | 0.0 | 0.0 | 28.92 | 0.0 | 0.0 | 23.56 | 0.0 | 0.0 | 19.06 | 0.0 | 0.0 | 4.18 | 0.0 | 0.0 | 3.10 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | 31.19 | 0.0 | 0.0 | 37.80 | 0.0 | 0.0 | 119.23 | 0.0 | 0.0 | -23.08 | 0.0 | 0.0 | 26.86 | 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) | -3.07 | 0 | -28.17 | 0 | -78.95 | 0 | 41.67 | 53.99 | -75.56 | 0 | -75.62 | 0 | -11.04 | 0 | -8.52 | 0 | 0.12 | -29.41 | -31.48 | 0 | 26.67 | 6.34 | 104.88 | -36.52 | -4.88 | 0 | 0.00 | 0 | 69.91 | 44.71 |
| 2022 (9) | -0.66 | 0 | 9.61 | -73.1 | -22.27 | 0 | 27.06 | 66.45 | -13.29 | 0 | -10.35 | 0 | -2.20 | 0 | -1.62 | 0 | 0.17 | -15.0 | 14.71 | -32.12 | 25.08 | -3.43 | 165.22 | 3.26 | -65.22 | 0 | 0.00 | 0 | 48.31 | 7.62 |
| 2021 (8) | 0.48 | -78.48 | 35.73 | -15.01 | 8.11 | -66.88 | 16.26 | 87.79 | 4.93 | -74.99 | 6.36 | -61.85 | 1.55 | -81.21 | 1.32 | -79.94 | 0.20 | -48.72 | 21.67 | -25.17 | 25.97 | 17.41 | 160.00 | 28.78 | -60.00 | 0 | 0.00 | 0 | 44.89 | 32.65 |
| 2020 (7) | 2.23 | -7.47 | 42.04 | 13.84 | 24.49 | 12.81 | 8.66 | -5.32 | 19.71 | -0.3 | 16.67 | 4.32 | 8.25 | -27.7 | 6.58 | -21.01 | 0.39 | -23.53 | 28.96 | -1.6 | 22.12 | -41.48 | 124.24 | 12.8 | -24.24 | 0 | 0.00 | 0 | 33.84 | 15.93 |
| 2019 (6) | 2.41 | 49.69 | 36.93 | -7.93 | 21.71 | 10.48 | 9.14 | -39.46 | 19.77 | -6.92 | 15.98 | 5.69 | 11.41 | 49.93 | 8.33 | 54.26 | 0.51 | 50.0 | 29.43 | -20.76 | 37.80 | -13.3 | 110.14 | 19.32 | -10.14 | 0 | 0.00 | 0 | 29.19 | -26.44 |
| 2018 (5) | 1.61 | -76.73 | 40.11 | -34.38 | 19.65 | -56.58 | 15.10 | 127.54 | 21.24 | -49.72 | 15.12 | -56.53 | 7.61 | -78.06 | 5.40 | -76.55 | 0.34 | -48.48 | 37.14 | -24.73 | 43.60 | -9.69 | 92.31 | -14.0 | 7.69 | 0 | 0.00 | 0 | 39.68 | 63.97 |
| 2017 (4) | 6.92 | 41.22 | 61.12 | 11.47 | 45.26 | 14.58 | 6.64 | -9.47 | 42.24 | 16.98 | 34.78 | 19.27 | 34.68 | 36.27 | 23.03 | 23.68 | 0.66 | 3.13 | 49.34 | 12.91 | 48.28 | -13.43 | 107.33 | -2.21 | -7.33 | 0 | 0.00 | 0 | 24.20 | -5.32 |
| 2016 (3) | 4.90 | -3.73 | 54.83 | 18.09 | 39.50 | 22.14 | 7.33 | -19.04 | 36.11 | -18.3 | 29.16 | -27.39 | 25.45 | -17.18 | 18.62 | -30.26 | 0.64 | -3.03 | 43.70 | -17.78 | 55.77 | 234.35 | 109.76 | 49.91 | -9.76 | 0 | 0.00 | 0 | 25.56 | -12.91 |
| 2015 (2) | 5.09 | 842.59 | 46.43 | 148.29 | 32.34 | 328.91 | 9.06 | -12.74 | 44.20 | 357.08 | 40.16 | 497.62 | 30.73 | 585.94 | 26.70 | 564.18 | 0.66 | 10.0 | 53.15 | 168.3 | 16.68 | 28.11 | 73.21 | -8.48 | 26.79 | 33.93 | 0.00 | 0 | 29.35 | -2.0 |
| 2014 (1) | 0.54 | 68.75 | 18.70 | 0 | 7.54 | 0 | 10.38 | -8.58 | 9.67 | 0 | 6.72 | 0 | 4.48 | 0 | 4.02 | 0 | 0.60 | 25.0 | 19.81 | 11.04 | 13.02 | 26.41 | 80.00 | -20.0 | 20.00 | 0 | 0.00 | 0 | 29.95 | -12.38 |
