- 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) | -0.18 | -300.0 | -238.46 | 10.77 | -3.67 | -27.33 | -3.57 | -60.81 | -277.61 | -12.44 | -381.45 | -267.88 | -12.44 | -381.45 | -268.34 | -2.39 | -414.47 | -285.27 | -0.68 | -207.94 | -161.82 | 0.08 | 14.29 | -20.0 | 15.24 | -57.95 | -49.1 | 140.55 | 1.88 | 11.49 | 30.00 | 170.0 | -2.5 | 75.00 | -47.5 | -2.5 | 13.44 | -13.07 | 2.36 |
| 24Q2 (19) | 0.09 | 200.0 | -50.0 | 11.18 | 73.6 | 39.75 | -2.22 | 58.19 | 38.33 | 4.42 | 159.09 | -64.7 | 4.42 | 161.39 | -63.53 | 0.76 | 149.67 | -60.82 | 0.63 | 325.0 | -56.25 | 0.07 | -12.5 | -36.36 | 36.24 | 90.84 | 10.86 | 137.95 | -7.74 | 252.09 | -42.86 | -155.71 | -35.71 | 142.86 | 364.29 | 8.57 | 15.46 | 21.64 | -4.86 |
| 24Q1 (18) | -0.09 | 93.23 | -350.0 | 6.44 | -41.67 | 17.95 | -5.31 | -355.29 | 1.48 | -7.48 | 90.75 | -182.26 | -7.20 | 91.11 | -171.7 | -1.53 | 91.52 | -232.61 | -0.28 | 96.1 | -40.0 | 0.08 | -11.11 | -27.27 | 18.99 | 132.65 | 52.9 | 149.53 | -5.48 | 218.96 | 76.92 | 3330.77 | -65.81 | 30.77 | -70.12 | 130.77 | 12.71 | 13.38 | -16.05 |
| 23Q4 (17) | -1.33 | -1123.08 | -6750.0 | 11.04 | -25.51 | -44.13 | 2.08 | 3.48 | -76.81 | -80.85 | -1191.09 | -5029.88 | -80.95 | -1195.4 | -5035.98 | -18.05 | -1499.22 | -5408.82 | -7.18 | -752.73 | -2275.76 | 0.09 | -10.0 | -30.77 | -58.17 | -294.29 | -1120.53 | 158.20 | 25.49 | 197.98 | -2.38 | -107.74 | -100.42 | 102.98 | 33.87 | 122.07 | 11.21 | -14.62 | -15.27 |
| 23Q3 (16) | 0.13 | -27.78 | -7.14 | 14.82 | 85.25 | 0.41 | 2.01 | 155.83 | 486.54 | 7.41 | -40.81 | -22.33 | 7.39 | -39.03 | -22.62 | 1.29 | -33.51 | -10.42 | 1.10 | -23.61 | 5.77 | 0.10 | -9.09 | 11.11 | 29.94 | -8.41 | 90.58 | 126.07 | 221.77 | 116.95 | 30.77 | 197.44 | 500.0 | 76.92 | -41.54 | -28.57 | 13.13 | -19.2 | -25.36 |
| 23Q2 (15) | 0.18 | 1000.0 | 125.0 | 8.00 | 46.52 | -46.6 | -3.60 | 33.21 | -490.16 | 12.52 | 572.45 | 70.11 | 12.12 | 557.36 | 68.8 | 1.94 | 521.74 | 106.38 | 1.44 | 820.0 | 97.26 | 0.11 | 0.0 | 37.5 | 32.69 | 163.2 | 134.67 | 39.18 | -16.42 | -33.58 | -31.58 | -114.04 | -184.21 | 131.58 | 231.58 | 18.42 | 16.25 | 7.33 | -13.88 |
| 23Q1 (14) | -0.02 | -200.0 | 98.11 | 5.46 | -72.37 | -55.93 | -5.39 | -160.09 | -1784.38 | -2.65 | -261.59 | 97.06 | -2.65 | -261.59 | 97.06 | -0.46 | -235.29 | 96.54 | -0.20 | -160.61 | 97.29 | 0.11 | -15.38 | 37.5 | 12.42 | 117.89 | 115.17 | 46.88 | -11.7 | -28.15 | 225.00 | -60.29 | 0 | -100.00 | 78.57 | -200.0 | 15.14 | 14.44 | -0.66 |
| 22Q4 (13) | 0.02 | -85.71 | 140.0 | 19.76 | 33.88 | 22.13 | 8.97 | 1825.0 | 57.64 | 1.64 | -82.81 | 133.95 | 1.64 | -82.83 | 133.95 | 0.34 | -76.39 | 144.74 | 0.33 | -68.27 | 232.0 | 0.13 | 44.44 | 62.5 | 5.70 | -63.72 | 143.59 | 53.09 | -8.64 | -38.22 | 566.67 | 7466.67 | 553.33 | -466.67 | -533.33 | -307.41 | 13.23 | -24.79 | -38.52 |
| 22Q3 (12) | 0.14 | 75.0 | 366.67 | 14.76 | -1.47 | -5.93 | -0.52 | 14.75 | -119.92 | 9.54 | 29.62 | 174.93 | 9.55 | 33.01 | 328.25 | 1.44 | 53.19 | 433.33 | 1.04 | 42.47 | 246.67 | 0.09 | 12.5 | 50.0 | 15.71 | 12.78 | 22.93 | 58.11 | -1.49 | -36.18 | -7.69 | 30.77 | -112.82 | 107.69 | -3.08 | 438.46 | 17.59 | -6.78 | -1.12 |
| 22Q2 (11) | 0.08 | 107.55 | 166.67 | 14.98 | 20.9 | -1.06 | -0.61 | -290.62 | -118.83 | 7.36 | 108.17 | 171.59 | 7.18 | 107.97 | 164.94 | 0.94 | 107.07 | 184.85 | 0.73 | 109.89 | 114.71 | 0.08 | 0.0 | 14.29 | 13.93 | 117.01 | 19.26 | 58.99 | -9.59 | -25.6 | -11.11 | 0 | -111.11 | 111.11 | 11.11 | 544.44 | 18.87 | 23.82 | 2.78 |
| 22Q1 (10) | -1.06 | -2020.0 | -3633.33 | 12.39 | -23.42 | -3.65 | 0.32 | -94.38 | -82.12 | -90.06 | -1764.6 | -5021.31 | -90.06 | -1764.6 | -5021.31 | -13.30 | -1650.0 | -5641.67 | -7.38 | -2852.0 | -2560.0 | 0.08 | 0.0 | 14.29 | -81.88 | -3599.15 | -872.45 | 65.25 | -24.07 | -22.18 | -0.00 | 100.0 | -100.0 | 100.00 | -55.56 | 0 | 15.24 | -29.18 | -0.2 |
| 21Q4 (9) | -0.05 | -266.67 | 93.06 | 16.18 | 3.12 | -29.65 | 5.69 | 118.01 | -59.42 | -4.83 | -239.19 | 90.4 | -4.83 | -316.59 | 90.4 | -0.76 | -381.48 | 87.52 | -0.25 | -183.33 | 92.75 | 0.08 | 33.33 | 14.29 | 2.34 | -81.69 | 105.34 | 85.94 | -5.61 | -3.97 | -125.00 | -308.33 | -347.12 | 225.00 | 1025.0 | 75.84 | 21.52 | 20.97 | 78.15 |
| 21Q3 (8) | 0.03 | 0.0 | -70.0 | 15.69 | 3.63 | -37.16 | 2.61 | -19.44 | -77.69 | 3.47 | 28.04 | -70.29 | 2.23 | -17.71 | -80.91 | 0.27 | -18.18 | -73.79 | 0.30 | -11.76 | -60.0 | 0.06 | -14.29 | 20.0 | 12.78 | 9.42 | -31.55 | 91.05 | 14.83 | 59.99 | 60.00 | -40.0 | -40.0 | 20.00 | 180.0 | 0 | 17.79 | -3.1 | 16.05 |
| 21Q2 (7) | 0.03 | 0.0 | -99.43 | 15.14 | 17.73 | -24.71 | 3.24 | 81.01 | 52.83 | 2.71 | 48.09 | -99.62 | 2.71 | 48.09 | -99.58 | 0.33 | 37.5 | -99.48 | 0.34 | 13.33 | -98.85 | 0.07 | 0.0 | 40.0 | 11.68 | 10.19 | -98.36 | 79.29 | -5.44 | 2.13 | 100.00 | 0.0 | 33066.67 | -25.00 | 0 | -125.08 | 18.36 | 20.24 | 0 |
| 21Q1 (6) | 0.03 | 104.17 | -85.71 | 12.86 | -44.09 | 268.48 | 1.79 | -87.23 | 121.31 | 1.83 | 103.64 | -91.03 | 1.83 | 103.64 | -91.03 | 0.24 | 103.94 | -95.7 | 0.30 | 108.7 | -84.38 | 0.07 | 0.0 | -12.5 | 10.60 | 124.21 | -84.57 | 83.85 | -6.3 | -54.37 | 100.00 | 457.69 | 340.91 | 0.00 | -100.0 | -100.0 | 15.27 | 26.41 | 14.81 |
| 20Q4 (5) | -0.72 | -820.0 | -5.88 | 23.00 | -7.89 | 336.43 | 14.02 | 19.83 | 130.36 | -50.29 | -530.57 | 5.89 | -50.29 | -530.57 | 5.89 | -6.09 | -691.26 | 65.46 | -3.45 | -560.0 | 13.32 | 0.07 | 40.0 | -12.5 | -43.78 | -334.49 | -2241.18 | 89.49 | 57.25 | -71.52 | -27.96 | -127.96 | -132.49 | 127.96 | 0 | 856.9 | 12.08 | -21.2 | 23.01 |
| 20Q3 (4) | 0.10 | -98.1 | 0.0 | 24.97 | 24.17 | 0.0 | 11.70 | 451.89 | 0.0 | 11.68 | -98.38 | 0.0 | 11.68 | -98.19 | 0.0 | 1.03 | -98.36 | 0.0 | 0.75 | -97.46 | 0.0 | 0.05 | 0.0 | 0.0 | 18.67 | -97.37 | 0.0 | 56.91 | -26.7 | 0.0 | 100.00 | 33066.67 | 0.0 | 0.00 | -100.0 | 0.0 | 15.33 | 0 | 0.0 |
| 20Q2 (3) | 5.26 | 2404.76 | 0.0 | 20.11 | 476.22 | 0.0 | 2.12 | 125.24 | 0.0 | 721.25 | 3433.81 | 0.0 | 645.19 | 3061.15 | 0.0 | 62.95 | 1028.14 | 0.0 | 29.56 | 1439.58 | 0.0 | 0.05 | -37.5 | 0.0 | 710.87 | 934.75 | 0.0 | 77.64 | -57.75 | 0.0 | 0.30 | 100.73 | 0.0 | 99.70 | -29.55 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.21 | 130.88 | 0.0 | 3.49 | -33.78 | 0.0 | -8.40 | 81.81 | 0.0 | 20.41 | 138.19 | 0.0 | 20.41 | 138.19 | 0.0 | 5.58 | 131.65 | 0.0 | 1.92 | 148.24 | 0.0 | 0.08 | 0.0 | 0.0 | 68.70 | 3773.8 | 0.0 | 183.77 | -41.51 | 0.0 | -41.51 | -148.24 | 0.0 | 141.51 | 958.24 | 0.0 | 13.30 | 35.44 | 0.0 |
| 19Q4 (1) | -0.68 | 0.0 | 0.0 | 5.27 | 0.0 | 0.0 | -46.18 | 0.0 | 0.0 | -53.44 | 0.0 | 0.0 | -53.44 | 0.0 | 0.0 | -17.63 | 0.0 | 0.0 | -3.98 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -1.87 | 0.0 | 0.0 | 314.17 | 0.0 | 0.0 | 86.05 | 0.0 | 0.0 | 13.37 | 0.0 | 0.0 | 9.82 | 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) | -1.04 | 0 | 10.04 | -36.54 | -0.91 | 0 | 17.26 | 317.03 | -19.98 | 0 | -20.11 | 0 | -15.92 | 0 | -6.88 | 0 | 0.39 | 11.43 | 0.43 | 0 | 158.20 | 197.98 | 4.29 | 0 | 95.71 | -16.54 | 0.00 | 0 | 13.71 | -13.61 |
| 2022 (9) | -0.82 | 0 | 15.82 | 5.61 | 2.71 | -21.22 | 4.14 | -23.56 | -17.96 | 0 | -18.00 | 0 | -10.84 | 0 | -5.84 | 0 | 0.35 | 25.0 | -12.09 | 0 | 53.09 | -38.22 | -14.68 | 0 | 114.68 | 0 | 0.00 | 0 | 15.87 | -13.56 |
| 2021 (8) | 0.05 | -99.28 | 14.98 | -6.96 | 3.44 | -1.71 | 5.41 | -61.69 | 0.48 | -99.63 | 0.20 | -99.83 | 0.11 | -99.87 | 0.70 | -97.62 | 0.28 | 12.0 | 8.80 | -94.06 | 85.94 | -3.97 | 666.67 | 24900.0 | -566.67 | 0 | 0.00 | 0 | 18.36 | 22.81 |
| 2020 (7) | 6.94 | 0 | 16.10 | 0 | 3.50 | 0 | 14.13 | -71.35 | 130.03 | 0 | 116.04 | 0 | 83.11 | 0 | 29.41 | 0 | 0.25 | -35.9 | 148.13 | 516.44 | 89.49 | -71.52 | 2.67 | -96.95 | 97.33 | 676.55 | 0.00 | 0 | 14.95 | -3.3 |
| 2019 (6) | -1.48 | 0 | -1.84 | 0 | -27.03 | 0 | 49.33 | 926.75 | -30.94 | 0 | -30.89 | 0 | -34.46 | 0 | -10.31 | 0 | 0.39 | -13.33 | 24.03 | 100.08 | 314.17 | 274.73 | 87.47 | 345.28 | 12.53 | -84.4 | 2.21 | -29.84 | 15.46 | -19.18 |
| 2018 (5) | 0.32 | 1500.0 | 11.40 | 6.44 | 1.38 | -15.85 | 4.80 | -7.08 | 7.02 | 1426.09 | 6.76 | 1369.57 | 4.69 | 1412.9 | 3.06 | 1124.0 | 0.45 | -15.09 | 12.01 | 110.33 | 83.84 | 229.69 | 19.64 | -95.09 | 80.36 | 0 | 3.15 | 0 | 19.13 | -7.23 |
| 2017 (4) | 0.02 | -97.5 | 10.71 | 15.91 | 1.64 | 0 | 5.17 | -8.26 | 0.46 | -98.93 | 0.46 | -97.63 | 0.31 | -98.89 | 0.25 | -98.56 | 0.53 | 32.5 | 5.71 | -88.45 | 25.43 | -4.69 | 400.00 | 0 | -300.00 | 0 | 0.00 | 0 | 20.62 | -42.59 |
| 2016 (3) | 0.80 | 0 | 9.24 | -4.64 | -1.59 | 0 | 5.64 | -60.4 | 43.11 | 4390.62 | 19.40 | 0 | 27.86 | 2832.63 | 17.37 | 2614.06 | 0.40 | 2.56 | 49.42 | 206.01 | 26.68 | -73.59 | -3.69 | 0 | 103.69 | -24.59 | 0.00 | 0 | 35.92 | 23.31 |
| 2015 (2) | -2.48 | 0 | 9.69 | 272.69 | -0.46 | 0 | 14.23 | 64.44 | 0.96 | 0 | -40.90 | 0 | 0.95 | 0 | 0.64 | 0 | 0.39 | -36.07 | 16.15 | 0 | 101.04 | -59.04 | -50.00 | 0 | 137.50 | 7187.5 | 0.00 | 0 | 29.13 | 59.7 |
| 2014 (1) | -0.92 | 0 | 2.60 | 0 | -12.51 | 0 | 8.65 | 5.34 | -12.74 | 0 | -12.74 | 0 | -25.29 | 0 | -6.37 | 0 | 0.61 | 3.39 | -1.20 | 0 | 246.70 | 17.56 | 98.11 | 16.0 | 1.89 | -87.76 | 0.00 | 0 | 18.24 | -3.44 |
