- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | -0.08 | -900.0 | -300.0 | 16.25 | 737.25 | 409.52 | -131.46 | -446.38 | -105.18 | -109.40 | -3009.57 | -492.31 | -112.50 | -3529.88 | -454.19 | -0.23 | -675.0 | -228.57 | -0.21 | -625.0 | -250.0 | 0.00 | -100.0 | 0 | -61.54 | -667.71 | -551.17 | 11.39 | 2.06 | 6.85 | 121.43 | 118.21 | -65.31 | -21.43 | -102.8 | 91.43 | 94.15 | 209.7 | 39.46 |
| 23Q4 (19) | 0.01 | 0 | -75.0 | -2.55 | -117.63 | 76.96 | -24.06 | -968.59 | 52.51 | 3.76 | 154.05 | -87.71 | 3.28 | 543.14 | -89.64 | 0.04 | 300.0 | -66.67 | 0.04 | 300.0 | -66.67 | 0.01 | 0.0 | 0 | 10.84 | 8.4 | -85.55 | 11.16 | -2.19 | 2.57 | -666.67 | -433.33 | -288.89 | 766.67 | 866.67 | 168.33 | 30.40 | 12.14 | -37.53 |
| 23Q3 (18) | 0.00 | 100.0 | 100.0 | 14.46 | 4564.52 | 197.31 | 2.77 | 106.57 | 101.5 | 1.48 | 102.78 | 100.77 | 0.51 | 100.96 | 100.29 | 0.01 | 104.55 | 100.51 | 0.01 | 105.26 | 100.57 | 0.01 | 0 | 0.0 | 10.00 | 135.71 | 105.54 | 11.41 | 2.24 | -10.44 | 200.00 | 160.0 | 109.09 | -100.00 | -533.33 | -2860.0 | 27.11 | -55.06 | -85.25 |
| 23Q2 (17) | -0.07 | -250.0 | 75.86 | 0.31 | 105.9 | 100.74 | -42.15 | 34.21 | 55.42 | -53.24 | -188.25 | 47.3 | -53.22 | -162.17 | 43.46 | -0.22 | -214.29 | 73.81 | -0.19 | -216.67 | 74.67 | 0.00 | 0 | -100.0 | -28.00 | -305.28 | 67.52 | 11.16 | 4.69 | 0.63 | 76.92 | -78.02 | -17.48 | 23.08 | 109.23 | 240.38 | 60.32 | -10.65 | -42.71 |
| 23Q1 (16) | -0.02 | -150.0 | 86.67 | -5.25 | 52.57 | 75.86 | -64.07 | -26.47 | 8.84 | -18.47 | -160.38 | 65.28 | -20.30 | -164.14 | 58.02 | -0.07 | -158.33 | 84.09 | -0.06 | -150.0 | 84.62 | 0.00 | 0 | -100.0 | 13.64 | -81.81 | 134.99 | 10.66 | -2.02 | 2.01 | 350.00 | 304.17 | 164.63 | -250.00 | -187.5 | -675.0 | 67.51 | 38.74 | -9.72 |
| 22Q4 (15) | 0.04 | 105.88 | 200.0 | -11.07 | 25.5 | -281.48 | -50.66 | 72.56 | -198.88 | 30.59 | 115.93 | 582.49 | 31.65 | 118.0 | 631.04 | 0.12 | 106.09 | 209.09 | 0.12 | 106.82 | 220.0 | 0.00 | -100.0 | -100.0 | 75.00 | 141.54 | 9246.34 | 10.88 | -14.6 | 0.09 | -171.43 | -279.22 | -165.31 | 285.71 | 7785.71 | 275.82 | 48.66 | -73.53 | 28.59 |
| 22Q3 (14) | -0.68 | -134.48 | -1600.0 | -14.86 | 64.53 | -443.19 | -184.65 | -95.29 | -1040.52 | -192.01 | -90.07 | -2416.51 | -175.80 | -86.78 | -2247.13 | -1.97 | -134.52 | -1541.67 | -1.76 | -134.67 | -1660.0 | 0.01 | 0.0 | 0.0 | -180.56 | -109.44 | 0 | 12.74 | 14.88 | 14.36 | 95.65 | 2.61 | -52.17 | 3.62 | -46.56 | 103.62 | 183.85 | 74.63 | 287.87 |
| 22Q2 (13) | -0.29 | -93.33 | -390.0 | -41.89 | -92.6 | -400.93 | -94.55 | -34.53 | -1797.49 | -101.02 | -89.89 | -715.98 | -94.12 | -94.62 | -742.9 | -0.84 | -90.91 | -389.66 | -0.75 | -92.31 | -388.46 | 0.01 | 0.0 | -50.0 | -86.21 | -121.16 | -401.75 | 11.09 | 6.12 | 0.18 | 93.22 | -29.52 | 179.66 | 6.78 | 121.02 | -89.83 | 105.28 | 40.79 | 173.03 |
| 22Q1 (12) | -0.15 | -275.0 | -250.0 | -21.75 | -456.56 | -408.07 | -70.28 | -314.63 | -517.59 | -53.20 | -739.12 | -306.44 | -48.36 | -711.41 | -319.72 | -0.44 | -300.0 | -251.72 | -0.39 | -290.0 | -244.44 | 0.01 | -50.0 | 0.0 | -38.98 | -4653.66 | -187.18 | 10.45 | -3.86 | -2.06 | 132.26 | -49.62 | 107.83 | -32.26 | 80.15 | -188.71 | 74.78 | 97.62 | 162.57 |
| 21Q4 (11) | -0.04 | 0.0 | 80.0 | 6.10 | 40.88 | 111.82 | -16.95 | -4.69 | 85.52 | -6.34 | 16.91 | 91.95 | -5.96 | 20.43 | 91.54 | -0.11 | 8.33 | 81.03 | -0.10 | 0.0 | 80.77 | 0.02 | 100.0 | 100.0 | -0.82 | 0 | 98.29 | 10.87 | -2.42 | 0.28 | 262.50 | 31.25 | 76.43 | -162.50 | -62.5 | -233.13 | 37.84 | -20.17 | -21.56 |
| 21Q3 (10) | -0.04 | -140.0 | 96.46 | 4.33 | -68.89 | 111.28 | -16.19 | -390.66 | 95.32 | -7.63 | -146.52 | 97.62 | -7.49 | -151.16 | 97.4 | -0.12 | -141.38 | 96.39 | -0.10 | -138.46 | 96.62 | 0.01 | -50.0 | 0.0 | 0.00 | -100.0 | 100.0 | 11.14 | 0.63 | -1.15 | 200.00 | 500.0 | 84.92 | -100.00 | -250.0 | -1194.44 | 47.40 | 22.93 | 0 |
| 21Q2 (9) | 0.10 | 0.0 | 113.7 | 13.92 | 97.17 | 133.41 | 5.57 | -66.9 | 104.21 | 16.40 | -36.36 | 113.47 | 14.64 | -33.48 | 113.35 | 0.29 | 0.0 | 113.94 | 0.26 | -3.7 | 114.05 | 0.02 | 100.0 | 0.0 | 28.57 | -36.1 | 126.03 | 11.07 | 3.75 | -15.04 | 33.33 | -47.62 | -69.33 | 66.67 | 83.33 | 869.23 | 38.56 | 35.39 | 0 |
| 21Q1 (8) | 0.10 | 150.0 | 115.62 | 7.06 | 113.68 | 287.27 | 16.83 | 114.37 | 116.11 | 25.77 | 132.71 | 125.74 | 22.01 | 131.23 | 124.19 | 0.29 | 150.0 | 116.38 | 0.27 | 151.92 | 117.31 | 0.01 | 0.0 | -50.0 | 44.71 | 192.99 | 150.54 | 10.67 | -1.57 | -15.52 | 63.64 | -57.23 | -39.17 | 36.36 | 174.55 | 887.88 | 28.48 | -40.96 | 0 |
| 20Q4 (7) | -0.20 | 82.3 | 72.22 | -51.62 | -34.43 | -37.95 | -117.09 | 66.15 | -37.45 | -78.78 | 75.42 | -2.56 | -70.47 | 75.53 | -22.94 | -0.58 | 82.53 | 70.1 | -0.52 | 82.43 | 69.41 | 0.01 | 0.0 | -66.67 | -48.08 | 83.97 | 31.28 | 10.84 | -3.82 | -20.76 | 148.78 | 37.56 | 34.5 | -48.78 | -531.44 | -359.56 | 48.24 | 0 | 67.09 |
| 20Q3 (6) | -1.13 | -54.79 | -769.23 | -38.40 | 7.83 | -264.67 | -345.90 | -161.21 | -4256.42 | -320.52 | -163.28 | -3715.71 | -287.94 | -162.55 | -4329.85 | -3.32 | -59.62 | -848.57 | -2.96 | -60.0 | -886.67 | 0.01 | -50.0 | -80.0 | -300.00 | -173.32 | -7025.89 | 11.27 | -13.51 | -18.8 | 108.15 | -0.47 | 15.36 | -7.73 | 10.86 | -223.61 | 0.00 | 0 | -100.0 |
| 20Q2 (5) | -0.73 | -14.06 | -321.21 | -41.66 | -1005.04 | -253.84 | -132.42 | -26.77 | -1207.19 | -121.74 | -21.62 | -1075.48 | -109.67 | -20.54 | -1537.35 | -2.08 | -17.51 | -350.6 | -1.85 | -18.59 | -356.94 | 0.02 | 0.0 | -77.78 | -109.76 | -24.08 | -851.27 | 13.03 | 3.17 | -15.39 | 108.67 | 3.87 | 13.19 | -8.67 | -87.78 | -316.67 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | -0.64 | 11.11 | 0.0 | -3.77 | 89.93 | 0.0 | -104.46 | -22.62 | 0.0 | -100.10 | -30.32 | 0.0 | -90.98 | -58.72 | 0.0 | -1.77 | 8.76 | 0.0 | -1.56 | 8.24 | 0.0 | 0.02 | -33.33 | 0.0 | -88.46 | -26.44 | 0.0 | 12.63 | -7.68 | 0.0 | 104.62 | -5.42 | 0.0 | -4.62 | 56.52 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (3) | -0.72 | -453.85 | 0.0 | -37.42 | -260.46 | 0.0 | -85.19 | -972.92 | 0.0 | -76.81 | -814.4 | 0.0 | -57.32 | -781.85 | 0.0 | -1.94 | -454.29 | 0.0 | -1.70 | -466.67 | 0.0 | 0.03 | -40.0 | 0.0 | -69.96 | -1561.76 | 0.0 | 13.68 | -1.44 | 0.0 | 110.61 | 17.99 | 0.0 | -10.61 | -269.83 | 0.0 | 28.87 | 54.14 | 0.0 |
| 19Q3 (2) | -0.13 | -139.39 | 0.0 | 23.32 | -13.88 | 0.0 | -7.94 | -166.39 | 0.0 | -8.40 | -167.31 | 0.0 | -6.50 | -185.19 | 0.0 | -0.35 | -142.17 | 0.0 | -0.30 | -141.67 | 0.0 | 0.05 | -44.44 | 0.0 | -4.21 | -128.82 | 0.0 | 13.88 | -9.87 | 0.0 | 93.75 | -2.34 | 0.0 | 6.25 | 56.25 | 0.0 | 18.73 | 67.83 | 0.0 |
| 19Q2 (1) | 0.33 | 0.0 | 0.0 | 27.08 | 0.0 | 0.0 | 11.96 | 0.0 | 0.0 | 12.48 | 0.0 | 0.0 | 7.63 | 0.0 | 0.0 | 0.83 | 0.0 | 0.0 | 0.72 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 14.61 | 0.0 | 0.0 | 15.40 | 0.0 | 0.0 | 96.00 | 0.0 | 0.0 | 4.00 | 0.0 | 0.0 | 11.16 | 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) | -0.08 | 0 | 4.01 | 0 | -20.07 | 0 | 11.43 | -18.86 | -6.14 | 0 | -6.90 | 0 | -0.23 | 0 | -0.19 | 0 | 0.03 | 0.0 | 5.71 | 0 | 11.16 | 2.57 | 323.08 | 194.92 | -223.08 | 0 | 0.00 | 0 | 36.50 | -68.77 |
| 2022 (9) | -1.08 | 0 | -23.69 | 0 | -113.22 | 0 | 14.08 | 35.21 | -103.44 | 0 | -94.63 | 0 | -3.18 | 0 | -2.85 | 0 | 0.03 | -50.0 | -86.85 | 0 | 10.88 | 0.09 | 109.55 | 0 | -9.55 | 0 | 0.00 | 0 | 116.88 | 204.37 |
| 2021 (8) | 0.12 | 0 | 8.17 | 0 | -3.54 | 0 | 10.42 | -35.45 | 6.34 | 0 | 5.22 | 0 | 0.35 | 0 | 0.33 | 0 | 0.06 | 20.0 | 16.90 | 0 | 10.87 | 0.28 | -55.56 | 0 | 159.26 | 0 | 0.00 | 0 | 38.40 | -5.44 |
| 2020 (7) | -2.70 | 0 | -29.36 | 0 | -161.79 | 0 | 16.14 | 416.65 | -146.65 | 0 | -132.16 | 0 | -7.59 | 0 | -6.75 | 0 | 0.05 | -80.77 | -130.69 | 0 | 10.84 | -20.76 | 110.27 | -38.05 | -10.27 | 0 | 0.00 | 0 | 40.61 | 146.12 |
| 2019 (6) | -0.29 | 0 | 18.22 | -27.15 | -4.28 | 0 | 3.12 | 678.53 | -2.40 | 0 | -2.54 | 0 | -0.76 | 0 | -0.65 | 0 | 0.26 | -45.83 | 0.77 | -95.12 | 13.68 | -28.6 | 178.00 | 85.88 | -78.00 | 0 | 0.00 | 0 | 16.50 | 35.69 |
| 2018 (5) | 2.24 | -0.88 | 25.01 | 2.42 | 14.71 | 4.1 | 0.40 | 222.97 | 15.38 | 1.05 | 10.22 | 2.92 | 5.79 | -4.77 | 4.93 | -2.38 | 0.48 | -5.88 | 15.77 | 2.74 | 19.16 | 24.01 | 95.76 | 3.16 | 4.40 | -38.64 | 0.00 | 0 | 12.16 | -2.09 |
| 2017 (4) | 2.26 | -60.97 | 24.42 | -30.35 | 14.13 | -46.4 | 0.12 | -22.27 | 15.22 | -46.05 | 9.93 | -48.15 | 6.08 | -61.57 | 5.05 | -57.38 | 0.51 | -17.74 | 15.35 | -46.05 | 15.45 | -40.23 | 92.82 | -0.63 | 7.18 | 8.98 | 0.00 | 0 | 12.42 | 28.57 |
| 2016 (3) | 5.79 | -24.71 | 35.06 | 1.45 | 26.36 | -2.26 | 0.16 | -28.6 | 28.21 | 7.63 | 19.15 | 12.32 | 15.82 | -12.89 | 11.85 | -8.64 | 0.62 | -17.33 | 28.45 | 6.79 | 25.85 | -38.87 | 93.41 | -9.21 | 6.59 | 0 | 0.00 | 0 | 9.66 | -0.62 |
| 2015 (2) | 7.69 | -8.01 | 34.56 | -2.26 | 26.97 | -0.99 | 0.22 | -24.64 | 26.21 | -2.89 | 17.05 | -3.56 | 18.16 | -17.19 | 12.97 | -24.06 | 0.75 | -21.87 | 26.64 | -3.2 | 42.29 | 4.91 | 102.89 | 1.9 | -2.89 | 0 | 0.00 | 0 | 9.72 | 4.52 |
| 2014 (1) | 8.36 | 5.96 | 35.36 | 0 | 27.24 | 0 | 0.30 | -3.98 | 26.99 | 0 | 17.68 | 0 | 21.93 | 0 | 17.08 | 0 | 0.96 | -16.52 | 27.52 | -1.29 | 40.31 | 136.42 | 100.97 | 0.97 | -0.97 | 0 | 0.00 | 0 | 9.30 | 12.45 |
