- 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) | -0.74 | -3800.0 | -68.18 | 25.99 | -59.28 | 3020.22 | -51.49 | -165.82 | 44.34 | -61.33 | -8501.37 | -75.88 | -61.22 | -26717.39 | -75.57 | -4.95 | -24850.0 | -96.43 | -2.32 | -1464.71 | -87.1 | 0.04 | 0.0 | 0.0 | -41.27 | -288.62 | -176.42 | 103.89 | 8.41 | 20.52 | 84.21 | 0 | -67.4 | 15.79 | 0 | 109.72 | 79.39 | -3.09 | -17.17 |
| 24Q2 (19) | 0.02 | 133.33 | 103.85 | 63.83 | 101.67 | 256.99 | -19.37 | 55.08 | 74.32 | 0.73 | 115.94 | 102.08 | 0.23 | 105.02 | 100.66 | 0.02 | 104.88 | 100.71 | 0.17 | 440.0 | 111.89 | 0.04 | 0.0 | 0.0 | 21.88 | 57.52 | 218.78 | 95.83 | -1.32 | 20.25 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 81.92 | 0.39 | -11.71 |
| 24Q1 (18) | -0.06 | 96.88 | 92.77 | 31.65 | 243.15 | 52.46 | -43.12 | 44.04 | 4.79 | -4.58 | 96.17 | 89.99 | -4.58 | 96.17 | 89.99 | -0.41 | 96.42 | 90.4 | -0.05 | 99.14 | 97.85 | 0.04 | -20.0 | -20.0 | 13.89 | 113.41 | 144.55 | 97.11 | -2.54 | 23.14 | 1033.33 | 1498.44 | 957.94 | -933.33 | -2740.0 | 0 | 81.60 | 28.22 | 10.82 |
| 23Q4 (17) | -1.92 | -336.36 | -71.43 | -22.11 | -2384.27 | -237.24 | -77.05 | 16.71 | -69.38 | -119.56 | -242.87 | -111.72 | -119.56 | -242.87 | -117.14 | -11.46 | -354.76 | -108.74 | -5.80 | -367.74 | -84.71 | 0.05 | 25.0 | -16.67 | -103.61 | -593.97 | -139.45 | 99.64 | 15.59 | 40.42 | 64.65 | -74.98 | -18.85 | 35.35 | 121.76 | 89.62 | 63.64 | -33.6 | -9.49 |
| 23Q3 (16) | -0.44 | 15.38 | -4500.0 | -0.89 | -104.98 | -103.61 | -92.51 | -22.64 | -114.59 | -34.87 | 0.49 | -489.61 | -34.87 | 0.49 | -9786.11 | -2.52 | 10.0 | -8500.0 | -1.24 | 13.29 | -1227.27 | 0.04 | 0.0 | -20.0 | -14.93 | 18.95 | -166.5 | 86.20 | 8.17 | 26.37 | 258.33 | 20.26 | 155.36 | -162.50 | -41.53 | -128.68 | 95.85 | 3.31 | 40.19 |
| 23Q2 (15) | -0.52 | 37.35 | 8.77 | 17.88 | -13.87 | 24.51 | -75.43 | -66.55 | -38.86 | -35.04 | 23.43 | -24.74 | -35.04 | 23.43 | -8.08 | -2.80 | 34.43 | -1.45 | -1.43 | 38.63 | 9.49 | 0.04 | -20.0 | -20.0 | -18.42 | 40.92 | -42.79 | 79.69 | 1.05 | 19.53 | 214.81 | 119.93 | 11.7 | -114.81 | 0 | -24.38 | 92.78 | 26.01 | 25.29 |
| 23Q1 (14) | -0.83 | 25.89 | -20.29 | 20.76 | 28.86 | 70.72 | -45.29 | 0.44 | 13.45 | -45.76 | 18.97 | -44.31 | -45.76 | 16.89 | -32.91 | -4.27 | 22.22 | -32.61 | -2.33 | 25.8 | -21.35 | 0.05 | -16.67 | -16.67 | -31.18 | 27.94 | -63.67 | 78.86 | 11.13 | 22.64 | 97.67 | 22.61 | -41.4 | -0.00 | -100.0 | 100.0 | 73.63 | 4.72 | 9.34 |
| 22Q4 (13) | -1.12 | -11300.0 | 53.14 | 16.11 | -34.72 | 132.27 | -45.49 | -5.52 | 56.0 | -56.47 | -730.95 | 47.24 | -55.06 | -15394.44 | 48.56 | -5.49 | -18400.0 | 46.75 | -3.14 | -2954.55 | 52.21 | 0.06 | 20.0 | 0.0 | -43.27 | -292.74 | 55.17 | 70.96 | 4.03 | 19.68 | 79.66 | 117.07 | -16.99 | 18.64 | -96.71 | 477.97 | 70.31 | 2.84 | 17.46 |
| 22Q3 (12) | 0.01 | 101.75 | 101.33 | 24.68 | 71.87 | 8.29 | -43.11 | 20.64 | -5.15 | 8.95 | 131.86 | 121.9 | 0.36 | 101.11 | 100.88 | 0.03 | 101.09 | 100.96 | 0.11 | 106.96 | 105.45 | 0.05 | 0.0 | 0.0 | 22.45 | 274.03 | 195.65 | 68.21 | 2.31 | 31.3 | -466.67 | -342.67 | -566.67 | 566.67 | 713.89 | 0 | 68.37 | -7.67 | -0.61 |
| 22Q2 (11) | -0.57 | 17.39 | 48.65 | 14.36 | 18.09 | 11.4 | -54.32 | -3.8 | -15.72 | -28.09 | 11.42 | 47.32 | -32.42 | 5.84 | 39.2 | -2.76 | 14.29 | 35.96 | -1.58 | 17.71 | 45.33 | 0.05 | -16.67 | -16.67 | -12.90 | 32.28 | 66.34 | 66.67 | 3.69 | 38.92 | 192.31 | 15.38 | 119.23 | -92.31 | -38.46 | -851.65 | 74.05 | 9.96 | 13.35 |
| 22Q1 (10) | -0.69 | 71.13 | -97.14 | 12.16 | 124.36 | -67.42 | -52.33 | 49.39 | -118.13 | -31.71 | 70.37 | -90.45 | -34.43 | 67.83 | -106.79 | -3.22 | 68.77 | -145.8 | -1.92 | 70.78 | -102.11 | 0.06 | 0.0 | 0.0 | -19.05 | 80.26 | -409.36 | 64.30 | 8.45 | 44.3 | 166.67 | 73.67 | 15.38 | -66.67 | -2166.67 | -50.0 | 67.34 | 12.5 | 0.69 |
| 21Q4 (9) | -2.39 | -218.67 | -36.57 | -49.92 | -319.04 | -676.36 | -103.39 | -152.17 | -46.74 | -107.03 | -161.94 | -36.41 | -107.03 | -161.94 | -37.43 | -10.31 | -230.45 | -62.62 | -6.57 | -225.25 | -27.57 | 0.06 | 20.0 | -14.29 | -96.52 | -311.25 | -44.15 | 59.29 | 14.13 | 233.65 | 95.97 | -4.03 | 6.63 | 3.23 | 0 | -67.74 | 59.86 | -12.98 | -7.57 |
| 21Q3 (8) | -0.75 | 32.43 | 26.47 | 22.79 | 76.8 | 82.17 | -41.00 | 12.65 | 2.01 | -40.86 | 23.37 | 21.57 | -40.86 | 23.37 | 13.52 | -3.12 | 27.61 | 11.61 | -2.02 | 30.1 | 29.12 | 0.05 | -16.67 | -16.67 | -23.47 | 38.75 | 43.36 | 51.95 | 8.25 | 95.74 | 100.00 | 14.0 | 26.09 | -0.00 | -100.0 | -100.0 | 68.79 | 5.3 | 6.16 |
| 21Q2 (7) | -1.11 | -217.14 | -311.11 | 12.89 | -65.46 | -72.28 | -46.94 | -95.66 | -257.77 | -53.32 | -220.24 | -445.19 | -53.32 | -220.24 | -327.24 | -4.31 | -229.01 | -378.89 | -2.89 | -204.21 | -290.54 | 0.06 | 0.0 | 0.0 | -38.32 | -924.6 | 0 | 47.99 | 7.7 | 153.25 | 87.72 | -39.27 | -31.08 | 12.28 | 127.63 | 133.77 | 65.33 | -2.32 | -6.26 |
| 21Q1 (6) | -0.35 | 80.0 | -333.33 | 37.32 | 680.4 | -31.17 | -23.99 | 65.95 | -2275.25 | -16.65 | 78.78 | -306.83 | -16.65 | 78.62 | -383.65 | -1.31 | 79.34 | -362.0 | -0.95 | 81.55 | -315.91 | 0.06 | -14.29 | -14.29 | -3.74 | 94.41 | -123.16 | 44.56 | 150.76 | 133.54 | 144.44 | 60.49 | 1544.44 | -44.44 | -544.44 | -137.04 | 66.88 | 3.27 | 17.31 |
| 20Q4 (5) | -1.75 | -71.57 | -191.67 | -6.43 | -151.4 | -123.31 | -70.46 | -68.4 | -235.84 | -78.46 | -50.6 | -195.3 | -77.88 | -64.83 | -248.46 | -6.34 | -79.6 | -217.0 | -5.15 | -80.7 | -206.55 | 0.07 | 16.67 | -12.5 | -66.96 | -61.58 | -272.21 | 17.77 | -33.04 | 2.42 | 90.00 | 13.48 | 14.83 | 10.00 | -47.27 | -53.75 | 64.76 | -0.06 | 21.68 |
| 20Q3 (4) | -1.02 | -277.78 | 0.0 | 12.51 | -73.1 | 0.0 | -41.84 | -218.9 | 0.0 | -52.10 | -432.72 | 0.0 | -47.25 | -278.61 | 0.0 | -3.53 | -292.22 | 0.0 | -2.85 | -285.14 | 0.0 | 0.06 | 0.0 | 0.0 | -41.44 | 0 | 0.0 | 26.54 | 40.05 | 0.0 | 79.31 | -37.68 | 0.0 | 18.97 | 152.16 | 0.0 | 64.80 | -7.02 | 0.0 |
| 20Q2 (3) | -0.27 | -280.0 | 0.0 | 46.50 | -14.24 | 0.0 | -13.12 | -1199.01 | 0.0 | -9.78 | -221.49 | 0.0 | -12.48 | -312.61 | 0.0 | -0.90 | -280.0 | 0.0 | -0.74 | -268.18 | 0.0 | 0.06 | -14.29 | 0.0 | -0.00 | -100.0 | 0.0 | 18.95 | -0.68 | 0.0 | 127.27 | 1372.73 | 0.0 | -36.36 | -130.3 | 0.0 | 69.69 | 22.24 | 0.0 |
| 20Q1 (2) | 0.15 | 125.0 | 0.0 | 54.22 | 96.59 | 0.0 | -1.01 | 95.19 | 0.0 | 8.05 | 130.3 | 0.0 | 5.87 | 126.26 | 0.0 | 0.50 | 125.0 | 0.0 | 0.44 | 126.19 | 0.0 | 0.07 | -12.5 | 0.0 | 16.15 | 189.77 | 0.0 | 19.08 | 9.97 | 0.0 | -10.00 | -112.76 | 0.0 | 120.00 | 455.0 | 0.0 | 57.01 | 7.12 | 0.0 |
| 19Q4 (1) | -0.60 | 0.0 | 0.0 | 27.58 | 0.0 | 0.0 | -20.98 | 0.0 | 0.0 | -26.57 | 0.0 | 0.0 | -22.35 | 0.0 | 0.0 | -2.00 | 0.0 | 0.0 | -1.68 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -17.99 | 0.0 | 0.0 | 17.35 | 0.0 | 0.0 | 78.38 | 0.0 | 0.0 | 21.62 | 0.0 | 0.0 | 53.22 | 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) | -3.71 | 0 | 4.40 | -73.76 | -70.68 | 0 | 11.56 | 10.12 | -60.03 | 0 | -60.03 | 0 | -21.05 | 0 | -10.92 | 0 | 0.19 | -17.39 | -43.44 | 0 | 99.64 | 40.42 | 117.71 | -34.2 | -17.71 | 0 | 0.31 | -22.52 | 80.31 | 14.86 |
| 2022 (9) | -2.37 | 0 | 16.77 | 285.52 | -48.74 | 0 | 10.50 | -2.3 | -27.34 | 0 | -30.79 | 0 | -11.43 | 0 | -6.59 | 0 | 0.23 | -8.0 | -13.75 | 0 | 70.96 | 19.68 | 178.90 | 81.17 | -78.90 | 0 | 0.40 | 21.42 | 69.92 | 7.5 |
| 2021 (8) | -4.60 | 0 | 4.35 | -84.14 | -55.05 | 0 | 10.75 | 31.52 | -55.76 | 0 | -55.76 | 0 | -19.00 | 0 | -13.65 | 0 | 0.25 | -7.41 | -41.82 | 0 | 59.29 | 233.65 | 98.74 | 2.2 | 1.26 | -62.85 | 0.33 | -32.95 | 65.04 | 1.99 |
| 2020 (7) | -2.89 | 0 | 27.42 | -12.14 | -30.82 | 0 | 8.17 | 10.51 | -31.93 | 0 | -31.88 | 0 | -10.21 | 0 | -8.58 | 0 | 0.27 | -15.62 | -22.15 | 0 | 17.77 | 2.42 | 96.62 | -21.96 | 3.38 | 0 | 0.49 | 120.86 | 63.77 | 29.27 |
| 2019 (6) | -1.16 | 0 | 31.21 | -36.25 | -13.05 | 0 | 7.39 | 44.85 | -10.59 | 0 | -10.22 | 0 | -3.74 | 0 | -3.20 | 0 | 0.32 | -3.03 | -2.18 | 0 | 17.35 | 23.31 | 123.81 | 178.57 | -23.81 | 0 | 0.22 | -37.04 | 49.33 | 11.73 |
| 2018 (5) | 2.02 | 2144.44 | 48.96 | -13.07 | 6.63 | -19.05 | 5.11 | 8.23 | 14.94 | 1409.09 | 15.30 | 2733.33 | 6.01 | 2905.0 | 5.08 | 1351.43 | 0.33 | 13.79 | 21.47 | 184.37 | 14.07 | -49.53 | 44.44 | -94.87 | 55.56 | 0 | 0.36 | 0 | 44.15 | 5.93 |
| 2017 (4) | 0.09 | -97.54 | 56.32 | 1.31 | 8.19 | -60.22 | 4.72 | -21.38 | 0.99 | -96.58 | 0.54 | -97.65 | 0.20 | -98.0 | 0.35 | -95.31 | 0.29 | -6.45 | 7.55 | -79.75 | 27.88 | -5.36 | 866.67 | 1121.76 | -766.67 | 0 | 0.00 | 0 | 41.68 | 4.1 |
| 2016 (3) | 3.66 | 7.65 | 55.59 | -1.8 | 20.59 | 13.44 | 6.00 | 10.4 | 28.93 | 28.75 | 22.97 | 17.25 | 9.99 | 16.3 | 7.46 | 13.2 | 0.31 | -3.13 | 37.29 | 19.48 | 29.46 | -43.67 | 70.94 | -12.09 | 28.57 | 47.96 | 0.00 | 0 | 40.04 | 14.99 |
| 2015 (2) | 3.40 | 608.33 | 56.61 | 431.55 | 18.15 | 0 | 5.43 | 27.14 | 22.47 | 0 | 19.59 | 0 | 8.59 | 0 | 6.59 | 0 | 0.32 | -27.27 | 31.21 | 0 | 52.30 | 179.38 | 80.69 | -37.48 | 19.31 | 0 | 0.00 | 0 | 34.82 | -3.01 |
| 2014 (1) | 0.48 | -89.63 | 10.65 | 0 | -16.91 | 0 | 4.27 | -5.46 | -13.17 | 0 | -16.46 | 0 | -8.73 | 0 | -7.25 | 0 | 0.44 | -12.0 | -6.87 | 0 | 18.72 | -11.95 | 129.07 | 43.11 | -29.07 | 0 | 0.00 | 0 | 35.90 | -7.04 |
