- 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) | -0.43 | -616.67 | -514.29 | 6.90 | 132.32 | 1542.86 | -31.78 | -80.06 | -80.98 | -34.83 | -537.91 | -521.96 | -35.00 | -522.78 | -473.77 | -3.18 | -695.0 | -488.89 | -1.68 | -1580.0 | -600.0 | 0.05 | 25.0 | -16.67 | -25.29 | -493.31 | -721.38 | 79.94 | 13.02 | 26.79 | 91.53 | -70.71 | -69.49 | 8.47 | 103.99 | 104.04 | 31.02 | -16.23 | -1.84 |
| 24Q2 (19) | -0.06 | 64.71 | -100.0 | 2.97 | -12.13 | 890.0 | -17.65 | 44.5 | -47.58 | -5.46 | 67.5 | -228.92 | -5.62 | 66.77 | -172.82 | -0.40 | 69.23 | -81.82 | -0.10 | 83.05 | -233.33 | 0.04 | 0.0 | -33.33 | 6.43 | 228.6 | -10.94 | 70.73 | -2.75 | 21.74 | 312.50 | 63.35 | -59.24 | -212.50 | -132.74 | 68.12 | 37.03 | -1.02 | 31.64 |
| 24Q1 (18) | -0.17 | 78.21 | -41.67 | 3.38 | 241.41 | 425.0 | -31.80 | 38.32 | -169.26 | -16.80 | 77.97 | -125.5 | -16.91 | 77.18 | -111.11 | -1.30 | 78.93 | -28.71 | -0.59 | 82.8 | -22.92 | 0.04 | -20.0 | -42.86 | -5.00 | 92.26 | -626.32 | 72.73 | -16.29 | 4.75 | 191.30 | 181.92 | 22.43 | -91.30 | -384.06 | -62.32 | 37.41 | -17.09 | 51.52 |
| 23Q4 (17) | -0.78 | -1014.29 | -316.67 | 0.99 | 135.71 | -89.26 | -51.56 | -193.62 | -1937.94 | -76.26 | -1261.79 | -706.98 | -74.09 | -1114.59 | -438.31 | -6.17 | -1042.59 | -304.3 | -3.43 | -1329.17 | -289.5 | 0.05 | -16.67 | -37.5 | -64.63 | -1687.96 | -3593.14 | 86.88 | 37.8 | 16.88 | 67.86 | -77.38 | 148.81 | 32.14 | 115.31 | -55.8 | 45.12 | 42.78 | 75.36 |
| 23Q3 (16) | -0.07 | -133.33 | -111.86 | 0.42 | 40.0 | -96.19 | -17.56 | -46.82 | -660.17 | -5.60 | -237.35 | -122.83 | -6.10 | -196.12 | -118.54 | -0.54 | -145.45 | -110.27 | -0.24 | -700.0 | -108.05 | 0.06 | 0.0 | -33.33 | 4.07 | -43.63 | -87.02 | 63.05 | 8.52 | -20.51 | 300.00 | -60.87 | 3200.0 | -210.00 | 68.5 | -291.47 | 31.60 | 12.34 | 20.15 |
| 23Q2 (15) | -0.03 | 75.0 | -121.43 | 0.30 | 128.85 | -96.02 | -11.96 | -1.27 | -166.96 | -1.66 | 77.72 | -121.12 | -2.06 | 74.28 | -120.26 | -0.22 | 78.22 | -116.92 | -0.03 | 93.75 | -103.75 | 0.06 | -14.29 | -14.29 | 7.22 | 660.0 | -56.45 | 58.10 | -16.32 | -31.66 | 766.67 | 390.67 | 1462.96 | -666.67 | -1085.19 | -544.44 | 28.13 | 13.93 | -11.57 |
| 23Q1 (14) | -0.12 | -133.33 | -185.71 | -1.04 | -111.28 | -112.18 | -11.81 | -366.8 | -194.51 | -7.45 | 21.16 | -201.36 | -8.01 | -136.58 | -190.51 | -1.01 | -133.44 | -180.8 | -0.48 | -126.52 | -164.0 | 0.07 | -12.5 | -12.5 | 0.95 | 154.29 | -93.78 | 69.43 | -6.59 | -14.43 | 156.25 | 472.92 | 377.78 | -56.25 | -177.34 | -137.5 | 24.69 | -4.04 | -15.59 |
| 22Q4 (13) | 0.36 | -38.98 | 1700.0 | 9.22 | -16.33 | -24.55 | -2.53 | -9.52 | -11.45 | -9.45 | -138.52 | -362.5 | 21.90 | -33.43 | 1379.73 | 3.02 | -42.59 | 1410.0 | 1.81 | -39.26 | 852.63 | 0.08 | -11.11 | 14.29 | -1.75 | -105.58 | -114.07 | 74.33 | -6.29 | -17.1 | 27.27 | 381.82 | 138.18 | 72.73 | -33.69 | -57.58 | 25.73 | -2.17 | -14.38 |
| 22Q3 (12) | 0.59 | 321.43 | 436.36 | 11.02 | 46.35 | -9.3 | -2.31 | 48.44 | -707.89 | 24.53 | 212.09 | 223.19 | 32.90 | 223.5 | 371.35 | 5.26 | 304.62 | 349.57 | 2.98 | 272.5 | 325.71 | 0.09 | 28.57 | 0.0 | 31.35 | 89.08 | 104.23 | 79.32 | -6.7 | -14.65 | -9.68 | 82.8 | -274.19 | 109.68 | -26.88 | 16.13 | 26.30 | -17.32 | -5.87 |
| 22Q2 (11) | 0.14 | 0.0 | 600.0 | 7.53 | -11.83 | -9.5 | -4.48 | -11.72 | -34.53 | 7.86 | 6.94 | 1303.57 | 10.17 | 14.92 | 800.0 | 1.30 | 4.0 | 584.21 | 0.80 | 6.67 | 300.0 | 0.07 | -12.5 | -22.22 | 16.58 | 8.51 | 89.49 | 85.02 | 4.78 | -10.28 | -56.25 | 0.0 | 92.97 | 150.00 | 0.0 | -83.33 | 31.81 | 8.75 | 18.65 |
| 22Q1 (10) | 0.14 | 600.0 | 100.0 | 8.54 | -30.11 | -11.13 | -4.01 | -76.65 | 6.53 | 7.35 | 104.17 | 54.74 | 8.85 | 497.97 | 89.1 | 1.25 | 525.0 | 64.47 | 0.75 | 294.74 | 47.06 | 0.08 | 14.29 | 0.0 | 15.28 | 22.83 | 11.29 | 81.14 | -9.5 | -12.52 | -56.25 | 21.25 | 38.12 | 150.00 | -12.5 | -21.43 | 29.25 | -2.66 | 3.58 |
| 21Q4 (9) | 0.02 | -81.82 | -84.62 | 12.22 | 0.58 | 13677.78 | -2.27 | -697.37 | 81.91 | 3.60 | -52.57 | -59.51 | 1.48 | -78.8 | -82.46 | 0.20 | -82.91 | -86.21 | 0.19 | -72.86 | -78.16 | 0.07 | -22.22 | -22.22 | 12.44 | -18.96 | -33.94 | 89.66 | -3.52 | -7.31 | -71.43 | -1385.71 | 50.0 | 171.43 | 81.51 | -29.41 | 30.05 | 7.55 | -11.83 |
| 21Q3 (8) | 0.11 | 450.0 | 152.38 | 12.15 | 46.03 | 6175.0 | 0.38 | 111.41 | 102.02 | 7.59 | 1255.36 | 148.75 | 6.98 | 517.7 | 143.62 | 1.17 | 515.79 | 147.56 | 0.70 | 250.0 | 164.22 | 0.09 | 0.0 | 12.5 | 15.35 | 75.43 | 554.14 | 92.93 | -1.93 | -7.37 | 5.56 | 100.69 | -95.44 | 94.44 | -89.51 | 531.75 | 27.94 | 4.21 | -25.73 |
| 21Q2 (7) | 0.02 | -71.43 | -33.33 | 8.32 | -13.42 | 1088.57 | -3.33 | 22.38 | 80.74 | 0.56 | -88.21 | -78.21 | 1.13 | -75.85 | -58.76 | 0.19 | -75.0 | -50.0 | 0.20 | -60.78 | -41.18 | 0.09 | 12.5 | 28.57 | 8.75 | -36.27 | -45.52 | 94.76 | 2.17 | -3.48 | -800.00 | -780.0 | -21.21 | 900.00 | 371.43 | 18.42 | 26.81 | -5.06 | 0 |
| 21Q1 (6) | 0.07 | -46.15 | 116.67 | 9.61 | 10777.78 | 481.35 | -4.29 | 65.82 | 80.22 | 4.75 | -46.57 | 111.95 | 4.68 | -44.55 | 112.11 | 0.76 | -47.59 | 116.17 | 0.51 | -41.38 | 122.87 | 0.08 | -11.11 | 33.33 | 13.73 | -27.08 | 156.22 | 92.75 | -4.11 | -5.77 | -90.91 | 36.36 | -267.08 | 190.91 | -21.39 | 318.77 | 28.24 | -17.14 | -30.58 |
| 20Q4 (5) | 0.13 | 161.9 | 126.53 | -0.09 | 55.0 | 98.33 | -12.55 | 33.17 | 51.75 | 8.89 | 157.1 | 123.88 | 8.44 | 152.75 | 122.67 | 1.45 | 158.94 | 128.49 | 0.87 | 179.82 | 134.94 | 0.09 | 12.5 | 28.57 | 18.83 | 657.1 | 185.79 | 96.73 | -3.58 | 0.2 | -142.86 | -217.22 | -304.85 | 242.86 | 1210.2 | 702.48 | 34.08 | -9.41 | -9.91 |
| 20Q3 (4) | -0.21 | -800.0 | 0.0 | -0.20 | -128.57 | 0.0 | -18.78 | -8.62 | 0.0 | -15.57 | -705.84 | 0.0 | -16.00 | -683.94 | 0.0 | -2.46 | -747.37 | 0.0 | -1.09 | -420.59 | 0.0 | 0.08 | 14.29 | 0.0 | -3.38 | -121.05 | 0.0 | 100.32 | 2.18 | 0.0 | 121.88 | 118.47 | 0.0 | -21.88 | -102.88 | 0.0 | 37.62 | 0 | 0.0 |
| 20Q2 (3) | 0.03 | 107.14 | 0.0 | 0.70 | 127.78 | 0.0 | -17.29 | 20.29 | 0.0 | 2.57 | 106.47 | 0.0 | 2.74 | 107.09 | 0.0 | 0.38 | 108.09 | 0.0 | 0.34 | 115.25 | 0.0 | 0.07 | 16.67 | 0.0 | 16.06 | 165.77 | 0.0 | 98.18 | -0.25 | 0.0 | -660.00 | -1312.97 | 0.0 | 760.00 | 1567.1 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.42 | 14.29 | 0.0 | -2.52 | 53.16 | 0.0 | -21.69 | 16.61 | 0.0 | -39.75 | -6.77 | 0.0 | -38.64 | -3.79 | 0.0 | -4.70 | 7.66 | 0.0 | -2.23 | 10.44 | 0.0 | 0.06 | -14.29 | 0.0 | -24.42 | -11.25 | 0.0 | 98.43 | 1.96 | 0.0 | 54.41 | -21.98 | 0.0 | 45.59 | 50.64 | 0.0 | 40.68 | 7.53 | 0.0 |
| 19Q4 (1) | -0.49 | 0.0 | 0.0 | -5.38 | 0.0 | 0.0 | -26.01 | 0.0 | 0.0 | -37.23 | 0.0 | 0.0 | -37.23 | 0.0 | 0.0 | -5.09 | 0.0 | 0.0 | -2.49 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -21.95 | 0.0 | 0.0 | 96.54 | 0.0 | 0.0 | 69.74 | 0.0 | 0.0 | 30.26 | 0.0 | 0.0 | 37.83 | 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) | -1.00 | 0 | 0.08 | -99.13 | -21.31 | 0 | 7.33 | 14.97 | -19.47 | 0 | -19.41 | 0 | -8.34 | 0 | -4.20 | 0 | 0.24 | -22.58 | -9.82 | 0 | 86.88 | 16.88 | 109.22 | 0 | -9.22 | 0 | 0.00 | 0 | 31.42 | 11.85 |
| 2022 (9) | 1.23 | 412.5 | 9.19 | -12.64 | -3.26 | 0 | 6.38 | -5.9 | 8.01 | 93.01 | 19.25 | 427.4 | 10.82 | 374.56 | 6.32 | 300.0 | 0.31 | -3.13 | 15.88 | 27.45 | 74.33 | -17.1 | -40.28 | 0 | 140.28 | -11.16 | 0.00 | 0 | 28.09 | -0.35 |
| 2021 (8) | 0.24 | 0 | 10.52 | 0 | -2.36 | 0 | 6.78 | -31.31 | 4.15 | 0 | 3.65 | 0 | 2.28 | 0 | 1.58 | 0 | 0.32 | 10.34 | 12.46 | 288.16 | 89.66 | -7.31 | -57.89 | 0 | 157.89 | 0 | 0.04 | -0.32 | 28.19 | -23.98 |
| 2020 (7) | -0.47 | 0 | -0.45 | 0 | -17.21 | 0 | 9.86 | 13.44 | -9.20 | 0 | -9.17 | 0 | -5.14 | 0 | -2.06 | 0 | 0.29 | -3.33 | 3.21 | 0 | 96.73 | 0.2 | 186.67 | 57.76 | -86.67 | 0 | 0.04 | -87.26 | 37.08 | 9.25 |
| 2019 (6) | -0.90 | 0 | 1.90 | -78.03 | -15.68 | 0 | 8.70 | 108.84 | -13.29 | 0 | -14.35 | 0 | -9.04 | 0 | -3.80 | 0 | 0.30 | -23.08 | -2.12 | 0 | 96.54 | -21.63 | 118.32 | 183.97 | -18.32 | 0 | 0.28 | -45.03 | 33.94 | 26.69 |
| 2018 (5) | -1.21 | 0 | 8.65 | 16.58 | -4.54 | 0 | 4.16 | -16.66 | -10.81 | 0 | -13.19 | 0 | -11.61 | 0 | -4.52 | 0 | 0.39 | 2.63 | -4.65 | 0 | 123.19 | -6.34 | 41.67 | 0 | 57.69 | -87.89 | 0.51 | 0 | 26.79 | 1.67 |
| 2017 (4) | 0.04 | -93.55 | 7.42 | 0 | -4.71 | 0 | 5.00 | -19.61 | 1.25 | -89.65 | 0.48 | -92.96 | 0.46 | -94.59 | 0.95 | -74.18 | 0.38 | -9.52 | 8.89 | -57.42 | 131.53 | -24.74 | -376.47 | 0 | 476.47 | 107.63 | 0.00 | 0 | 26.35 | -13.78 |
| 2016 (3) | 0.62 | 0 | -1.46 | 0 | -15.67 | 0 | 6.22 | 12.68 | 12.08 | 0 | 6.82 | 0 | 8.50 | 0 | 3.68 | 0 | 0.42 | -20.75 | 20.88 | 0 | 174.76 | -24.33 | -129.48 | 0 | 229.48 | 15963.58 | 0.00 | 0 | 30.56 | 17.22 |
| 2015 (2) | -1.18 | 0 | 6.29 | 86.09 | -7.64 | 0 | 5.52 | 9.21 | -7.74 | 0 | -10.20 | 0 | -16.46 | 0 | -4.62 | 0 | 0.53 | -5.36 | -0.33 | 0 | 230.95 | 27.32 | 99.29 | 0 | 1.43 | -99.49 | 0.00 | 0 | 26.07 | 14.44 |
| 2014 (1) | 0.07 | 0 | 3.38 | 0 | -6.48 | 0 | 5.05 | 21.6 | 3.58 | 0 | 0.50 | 0 | 0.86 | 0 | 0.96 | 0 | 0.56 | -44.55 | 10.15 | 0 | 181.40 | -24.75 | -180.77 | 0 | 280.77 | 3763.92 | 0.00 | 0 | 22.78 | 20.72 |
