- 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) | -0.32 | -28.0 | -1500.0 | -43.54 | -131.6 | -228.89 | -110.74 | -40.55 | -121.61 | -73.04 | -50.47 | -1262.69 | -73.04 | -50.47 | -1262.69 | -3.36 | -32.28 | -1766.67 | -2.00 | -24.22 | -3900.0 | 0.03 | -25.0 | 0.0 | -63.53 | -54.95 | -1518.08 | 62.60 | 18.79 | 99.3 | 151.61 | -6.7 | -81.62 | -51.61 | 17.42 | 93.12 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.25 | -1150.0 | 0 | -18.80 | -290.28 | -149.7 | -78.79 | -34.94 | -1117.77 | -48.54 | -745.64 | -48440.0 | -48.54 | -745.64 | -48440.0 | -2.54 | -1311.11 | -25300.0 | -1.61 | -5266.67 | -2400.0 | 0.04 | 100.0 | 0.0 | -41.00 | -714.69 | -797.28 | 52.70 | 19.88 | 31.49 | 162.50 | -86.07 | 0 | -62.50 | 94.14 | 0 | 36.26 | -13.99 | 23.0 |
| 24Q1 (18) | -0.02 | 90.91 | -107.14 | 9.88 | 136.06 | -53.29 | -58.39 | 43.03 | -1363.85 | -5.74 | 90.16 | -132.82 | -5.74 | 90.16 | -132.82 | -0.18 | 91.71 | -106.52 | -0.03 | 97.97 | -101.53 | 0.02 | -33.33 | -81.82 | 6.67 | 113.72 | -65.62 | 43.96 | -8.38 | 8.49 | 1166.67 | 562.16 | 4233.33 | -1066.67 | -1300.0 | -1522.22 | 42.16 | -14.62 | 308.13 |
| 23Q4 (17) | -0.22 | -1000.0 | -283.33 | -27.40 | -181.11 | -209.38 | -102.50 | -105.12 | -1054.28 | -58.33 | -988.25 | -519.94 | -58.33 | -988.25 | -519.94 | -2.17 | -1105.56 | -277.87 | -1.48 | -2860.0 | -266.29 | 0.03 | 0.0 | -50.0 | -48.61 | -1185.04 | -381.31 | 47.98 | 52.75 | 1.14 | 176.19 | -78.64 | 389.46 | -76.19 | 89.84 | -147.36 | 49.38 | -12.68 | 130.64 |
| 23Q3 (16) | -0.02 | 0 | -116.67 | 33.78 | -10.71 | 58.15 | -49.97 | -672.33 | -835.94 | -5.36 | -5260.0 | -180.24 | -5.36 | -5260.0 | -180.24 | -0.18 | -1700.0 | -114.52 | -0.05 | -171.43 | -105.32 | 0.03 | -25.0 | -78.57 | 4.48 | -23.81 | -45.63 | 31.41 | -21.63 | -15.88 | 825.00 | 0 | 725.0 | -750.00 | 0 | 0 | 56.55 | 91.82 | 466.63 |
| 23Q2 (15) | 0.00 | -100.0 | 100.0 | 37.83 | 78.87 | 252.89 | -6.47 | -240.04 | -84.86 | -0.10 | -100.57 | 95.48 | -0.10 | -100.57 | 95.48 | -0.01 | -100.36 | 97.56 | 0.07 | -96.43 | 125.0 | 0.04 | -63.64 | -71.43 | 5.88 | -69.69 | 1080.0 | 40.08 | -1.09 | 27.89 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 29.48 | 185.38 | 207.72 |
| 23Q1 (14) | 0.28 | 133.33 | 354.55 | 21.15 | -15.57 | 185.81 | 4.62 | 152.03 | 169.27 | 17.49 | 25.92 | 349.15 | 17.49 | 25.92 | 349.15 | 2.76 | 126.23 | 333.9 | 1.96 | 120.22 | 339.02 | 0.11 | 83.33 | -8.33 | 19.40 | 12.27 | 450.18 | 40.52 | -14.59 | 5.03 | 26.92 | 144.23 | -70.38 | 75.00 | -53.38 | 1550.0 | 10.33 | -51.75 | 6.94 |
| 22Q4 (13) | 0.12 | 0.0 | 340.0 | 25.05 | 17.28 | 435.26 | -8.88 | -230.78 | -166.67 | 13.89 | 107.93 | 815.98 | 13.89 | 107.93 | 815.98 | 1.22 | -1.61 | 317.86 | 0.89 | -5.32 | 347.22 | 0.06 | -57.14 | -68.42 | 17.28 | 109.71 | 1629.2 | 47.44 | 27.05 | -0.92 | -60.87 | -160.87 | -133.82 | 160.87 | 0 | 329.81 | 21.41 | 114.53 | 273.65 |
| 22Q3 (12) | 0.12 | 400.0 | 150.0 | 21.36 | 99.25 | 3983.64 | 6.79 | 294.0 | 174.37 | 6.68 | 402.26 | 193.82 | 6.68 | 402.26 | 193.82 | 1.24 | 402.44 | 151.88 | 0.94 | 435.71 | 160.65 | 0.14 | 0.0 | -36.36 | 8.24 | 1473.33 | 228.95 | 37.34 | 19.14 | -31.64 | 100.00 | -41.67 | -21.05 | 0.00 | 100.0 | 100.0 | 9.98 | 4.18 | 96.46 |
| 22Q2 (11) | -0.04 | 63.64 | 88.24 | 10.72 | 44.86 | 349.88 | -3.50 | 47.53 | 84.27 | -2.21 | 68.52 | 91.55 | -2.21 | 68.52 | 91.55 | -0.41 | 65.25 | 87.65 | -0.28 | 65.85 | 87.88 | 0.14 | 16.67 | 55.56 | -0.60 | 89.17 | 97.56 | 31.34 | -18.77 | -40.81 | 171.43 | 88.57 | 103.17 | -57.14 | -1357.14 | -506.35 | 9.58 | -0.83 | -25.39 |
| 22Q1 (10) | -0.11 | -120.0 | 35.29 | 7.40 | 58.12 | 130.53 | -6.67 | -100.3 | 26.54 | -7.02 | -261.86 | 35.83 | -7.02 | -261.86 | 35.83 | -1.18 | -110.71 | 27.16 | -0.82 | -127.78 | 33.33 | 0.12 | -36.84 | 9.09 | -5.54 | -390.27 | 44.21 | 38.58 | -19.42 | 10.73 | 90.91 | -49.49 | 11.89 | 4.55 | 106.49 | -70.91 | 9.66 | 68.59 | 2.44 |
| 21Q4 (9) | -0.05 | 79.17 | 0.0 | 4.68 | 950.91 | 82.1 | -3.33 | 63.53 | 65.95 | -1.94 | 72.75 | 50.38 | -1.94 | 72.75 | 34.01 | -0.56 | 76.57 | -16.67 | -0.36 | 76.77 | 5.26 | 0.19 | -13.64 | 46.15 | -1.13 | 82.32 | 53.88 | 47.88 | -12.34 | 71.74 | 180.00 | 42.11 | -26.88 | -70.00 | -142.31 | 52.11 | 5.73 | 12.8 | -16.96 |
| 21Q3 (8) | -0.24 | 29.41 | -700.0 | -0.55 | 87.18 | -105.53 | -9.13 | 58.97 | -198.37 | -7.12 | 72.76 | -978.79 | -7.12 | 72.76 | -326.35 | -2.39 | 28.01 | -785.19 | -1.55 | 32.9 | -675.0 | 0.22 | 144.44 | 83.33 | -6.39 | 74.01 | -1114.29 | 54.62 | 3.15 | 91.05 | 126.67 | 50.12 | -74.67 | -28.89 | -305.43 | 92.78 | 5.08 | -60.44 | -18.06 |
| 21Q2 (7) | -0.34 | -100.0 | -325.0 | -4.29 | -233.64 | -145.44 | -22.25 | -145.04 | -782.94 | -26.14 | -138.94 | -197.38 | -26.14 | -138.94 | -429.15 | -3.32 | -104.94 | -336.84 | -2.31 | -87.8 | -320.0 | 0.09 | -18.18 | -18.18 | -24.59 | -147.63 | -371.98 | 52.95 | 51.98 | 55.83 | 84.38 | 3.85 | 184.77 | 14.06 | -10.0 | -80.02 | 12.84 | 36.16 | 0 |
| 21Q1 (6) | -0.17 | -240.0 | -241.67 | 3.21 | 24.9 | -58.74 | -9.08 | 7.16 | -94.02 | -10.94 | -179.8 | -209.18 | -10.94 | -272.11 | -266.26 | -1.62 | -237.5 | -243.36 | -1.23 | -223.68 | -259.74 | 0.11 | -15.38 | -8.33 | -9.93 | -305.31 | -170.98 | 34.84 | 24.96 | -11.95 | 81.25 | -66.99 | 272.66 | 15.62 | 110.69 | -89.38 | 9.43 | 36.67 | -14.74 |
| 20Q4 (5) | -0.05 | -66.67 | 37.5 | 2.57 | -74.17 | -46.57 | -9.78 | -219.61 | -1745.28 | -3.91 | -492.42 | -303.09 | -2.94 | -76.05 | -203.09 | -0.48 | -77.78 | 15.79 | -0.38 | -90.0 | -26.67 | 0.13 | 8.33 | -58.06 | -2.45 | -488.89 | -471.21 | 27.88 | -2.48 | -52.43 | 246.15 | -50.77 | 330.77 | -146.15 | 63.46 | -441.03 | 6.90 | 11.29 | 52.32 |
| 20Q3 (4) | -0.03 | 62.5 | 0.0 | 9.95 | 5.4 | 0.0 | -3.06 | -21.43 | 0.0 | -0.66 | 92.49 | 0.0 | -1.67 | 66.19 | 0.0 | -0.27 | 64.47 | 0.0 | -0.20 | 63.64 | 0.0 | 0.12 | 9.09 | 0.0 | 0.63 | 112.09 | 0.0 | 28.59 | -15.86 | 0.0 | 500.00 | 1587.5 | 0.0 | -400.00 | -668.42 | 0.0 | 6.20 | 0 | 0.0 |
| 20Q2 (3) | -0.08 | -166.67 | 0.0 | 9.44 | 21.34 | 0.0 | -2.52 | 46.15 | 0.0 | -8.79 | -187.72 | 0.0 | -4.94 | -175.08 | 0.0 | -0.76 | -167.26 | 0.0 | -0.55 | -171.43 | 0.0 | 0.11 | -8.33 | 0.0 | -5.21 | -137.24 | 0.0 | 33.98 | -14.13 | 0.0 | 29.63 | 162.96 | 0.0 | 70.37 | -52.15 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.12 | 250.0 | 0.0 | 7.78 | 61.75 | 0.0 | -4.68 | -783.02 | 0.0 | 10.02 | 1132.99 | 0.0 | 6.58 | 778.35 | 0.0 | 1.13 | 298.25 | 0.0 | 0.77 | 356.67 | 0.0 | 0.12 | -61.29 | 0.0 | 13.99 | 2019.7 | 0.0 | 39.57 | -32.49 | 0.0 | -47.06 | -182.35 | 0.0 | 147.06 | 243.14 | 0.0 | 11.06 | 144.15 | 0.0 |
| 19Q4 (1) | -0.08 | 0.0 | 0.0 | 4.81 | 0.0 | 0.0 | -0.53 | 0.0 | 0.0 | -0.97 | 0.0 | 0.0 | -0.97 | 0.0 | 0.0 | -0.57 | 0.0 | 0.0 | -0.30 | 0.0 | 0.0 | 0.31 | 0.0 | 0.0 | 0.66 | 0.0 | 0.0 | 58.61 | 0.0 | 0.0 | 57.14 | 0.0 | 0.0 | 42.86 | 0.0 | 0.0 | 4.53 | 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) | 0.04 | -55.56 | 19.96 | 32.89 | -18.12 | 0 | 2.70 | 93.23 | 1.21 | -14.79 | 1.21 | -14.79 | 0.36 | -59.09 | 0.50 | -25.37 | 0.20 | -52.38 | 5.76 | 83.44 | 47.98 | 1.14 | -1442.86 | 0 | 1542.86 | 517.14 | 0.04 | -51.34 | 25.00 | 119.3 |
| 2022 (9) | 0.09 | 0 | 15.02 | 1151.67 | -2.05 | 0 | 1.40 | 57.49 | 1.42 | 0 | 1.42 | 0 | 0.88 | 0 | 0.67 | 0 | 0.42 | -34.38 | 3.14 | 0 | 47.44 | -0.92 | -150.00 | 0 | 250.00 | 0 | 0.07 | 0 | 11.40 | 59.44 |
| 2021 (8) | -0.80 | 0 | 1.20 | -83.76 | -9.19 | 0 | 0.89 | -55.84 | -8.90 | 0 | -8.90 | 0 | -7.87 | 0 | -5.70 | 0 | 0.64 | 39.13 | -7.92 | 0 | 47.88 | 71.74 | 103.31 | -87.48 | -3.31 | 0 | 0.00 | 0 | 7.15 | -12.38 |
| 2020 (7) | -0.04 | 0 | 7.39 | 16.93 | -5.06 | 0 | 2.01 | 36.53 | -0.58 | 0 | -0.58 | 0 | -0.38 | 0 | -0.24 | 0 | 0.46 | -59.65 | 1.54 | -37.14 | 27.88 | -52.43 | 825.00 | 629.81 | -725.00 | 0 | 0.08 | 147.24 | 8.16 | 74.36 |
| 2019 (6) | 0.23 | 0 | 6.32 | 652.38 | 0.99 | 0 | 1.47 | -32.39 | 0.85 | 0 | 0.82 | 0 | 1.70 | 0 | 1.01 | 0 | 1.14 | 3.64 | 2.45 | 0 | 58.61 | -63.63 | 113.04 | 8.78 | -17.39 | 0 | 0.03 | -75.57 | 4.68 | -52.87 |
| 2018 (5) | -1.78 | 0 | 0.84 | 0 | -9.90 | 0 | 2.18 | -31.14 | -9.53 | 0 | -9.53 | 0 | -23.10 | 0 | -10.28 | 0 | 1.10 | 50.68 | -6.90 | 0 | 161.15 | 84.21 | 103.92 | -19.51 | -3.92 | 0 | 0.13 | 0 | 9.93 | -37.98 |
| 2017 (4) | -1.57 | 0 | -0.80 | 0 | -17.09 | 0 | 3.16 | 9.85 | -13.21 | 0 | -13.32 | 0 | -15.89 | 0 | -9.70 | 0 | 0.73 | -5.19 | -9.67 | 0 | 87.48 | 100.09 | 129.10 | -65.57 | -29.10 | 0 | 0.00 | 0 | 16.01 | -6.43 |
| 2016 (3) | -0.19 | 0 | 12.30 | -24.45 | -5.56 | 0 | 2.88 | 65.26 | -1.44 | 0 | -1.48 | 0 | -1.63 | 0 | -1.13 | 0 | 0.77 | -35.83 | 1.67 | -77.58 | 43.72 | 0.41 | 375.00 | 418.09 | -275.00 | 0 | 0.00 | 0 | 17.11 | 63.58 |
| 2015 (2) | 1.13 | -27.1 | 16.28 | -6.86 | 4.12 | -29.33 | 1.74 | 17.38 | 5.69 | -20.31 | 5.47 | -13.99 | 9.92 | -33.73 | 6.57 | -30.11 | 1.20 | -17.81 | 7.45 | -14.56 | 43.54 | -25.14 | 72.38 | -11.47 | 27.62 | 51.43 | 0.00 | 0 | 10.46 | 4.18 |
| 2014 (1) | 1.55 | 0 | 17.48 | 0 | 5.83 | 0 | 1.48 | -40.66 | 7.14 | 0 | 6.36 | 0 | 14.97 | 0 | 9.40 | 0 | 1.46 | 44.55 | 8.72 | 165.85 | 58.16 | -9.76 | 81.76 | 0 | 18.24 | -90.88 | 0.00 | 0 | 10.04 | -26.72 |
