- 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) | -0.16 | 0.0 | -700.0 | 20.34 | -58.36 | -15.43 | -49.94 | -27.82 | -179.93 | -26.81 | -21.48 | -2982.8 | -26.81 | -21.48 | -1687.33 | -1.20 | 0.83 | -1190.91 | -0.88 | 1.12 | -650.0 | 0.03 | -25.0 | -62.5 | -17.27 | -28.12 | -277.86 | 27.46 | -8.41 | -41.19 | 183.33 | 3.33 | 110.0 | -83.33 | -7.64 | -104.31 | 57.94 | -9.13 | 94.1 |
| 24Q2 (19) | -0.16 | -700.0 | -633.33 | 48.85 | 26.62 | 31.88 | -39.07 | -358.03 | -947.45 | -22.07 | -1245.73 | -2666.28 | -22.07 | -1237.58 | -1286.56 | -1.21 | -706.67 | -1828.57 | -0.89 | -1680.0 | -735.71 | 0.04 | -42.86 | -50.0 | -13.48 | -456.61 | -242.65 | 29.98 | 2.74 | -48.87 | 177.42 | -64.52 | 144.35 | -77.42 | 80.65 | -115.48 | 63.76 | 90.39 | 118.36 |
| 24Q1 (18) | -0.02 | 95.45 | -128.57 | 38.58 | 9.79 | 8.58 | -8.53 | -143.71 | -1995.56 | -1.64 | 91.68 | -150.0 | -1.65 | 91.69 | -153.4 | -0.15 | 95.33 | -130.61 | -0.05 | 97.71 | -112.82 | 0.07 | -36.36 | -30.0 | 3.78 | 127.69 | -59.92 | 29.18 | -23.93 | -49.98 | 500.00 | 2700.0 | 3400.0 | -400.00 | -586.96 | -566.67 | 33.49 | 38.62 | 60.01 |
| 23Q4 (17) | -0.44 | -2100.0 | -283.33 | 35.14 | 46.11 | 333.83 | -3.50 | 80.38 | 90.54 | -19.71 | -2219.35 | -273.05 | -19.86 | -1224.0 | -266.33 | -3.21 | -3018.18 | -299.38 | -2.18 | -1462.5 | -307.62 | 0.11 | 37.5 | 37.5 | -13.65 | -240.58 | -170.07 | 38.36 | -17.84 | -42.16 | 17.86 | 100.97 | 105.53 | 82.14 | -95.75 | -80.57 | 24.16 | -19.06 | -15.97 |
| 23Q3 (16) | -0.02 | -166.67 | -107.69 | 24.05 | -35.07 | -35.0 | -17.84 | -378.28 | -521.6 | 0.93 | 8.14 | -92.66 | -1.50 | -180.65 | -110.97 | 0.11 | 57.14 | -93.53 | 0.16 | 14.29 | -85.19 | 0.08 | 0.0 | 0.0 | 9.71 | 2.75 | -51.33 | 46.69 | -20.37 | -34.23 | -1833.33 | -358.33 | -8333.33 | 1933.33 | 286.67 | 1460.23 | 29.85 | 2.23 | 17.84 |
| 23Q2 (15) | 0.03 | -57.14 | 200.0 | 37.04 | 4.25 | 2.83 | -3.73 | -928.89 | 75.59 | 0.86 | -73.78 | 332.43 | 1.86 | -39.81 | 116.28 | 0.07 | -85.71 | 275.0 | 0.14 | -64.1 | 600.0 | 0.08 | -20.0 | 33.33 | 9.45 | 0.21 | 5.47 | 58.63 | 0.5 | -6.79 | -400.00 | -2900.0 | -109.76 | 500.00 | 483.33 | 112.5 | 29.20 | 39.51 | -10.48 |
| 23Q1 (14) | 0.07 | -70.83 | 75.0 | 35.53 | 338.64 | -10.23 | 0.45 | 101.22 | 275.0 | 3.28 | -71.2 | 43.23 | 3.09 | -74.12 | 54.5 | 0.49 | -69.57 | 44.12 | 0.39 | -62.86 | 56.0 | 0.10 | 25.0 | 0.0 | 9.43 | -51.59 | 18.77 | 58.34 | -12.03 | 16.22 | 14.29 | 104.43 | 0 | 85.71 | -79.72 | -14.29 | 20.93 | -27.2 | -4.95 |
| 22Q4 (13) | 0.24 | -7.69 | 175.0 | 8.10 | -78.11 | -78.46 | -36.99 | -1188.85 | -5771.43 | 11.39 | -10.1 | 178.23 | 11.94 | -12.66 | 190.05 | 1.61 | -5.29 | 164.92 | 1.05 | -2.78 | 161.4 | 0.08 | 0.0 | -33.33 | 19.48 | -2.36 | 296.97 | 66.32 | -6.58 | 37.05 | -322.73 | -1384.55 | -7200.0 | 422.73 | 241.15 | 342.86 | 28.75 | 13.5 | 38.89 |
| 22Q3 (12) | 0.26 | 2500.0 | 100.0 | 37.00 | 2.72 | -13.15 | -2.87 | 81.22 | 75.68 | 12.67 | 3524.32 | 29.15 | 13.67 | 1489.53 | 39.21 | 1.70 | 4350.0 | 88.89 | 1.08 | 5300.0 | 56.52 | 0.08 | 33.33 | 14.29 | 19.95 | 122.66 | 11.7 | 70.99 | 12.86 | 90.22 | -21.74 | -100.53 | 81.88 | 123.91 | 103.1 | -42.63 | 25.33 | -22.35 | -25.19 |
| 22Q2 (11) | 0.01 | -75.0 | -94.74 | 36.02 | -8.99 | -33.41 | -15.28 | -12833.33 | -864.0 | -0.37 | -116.16 | -103.13 | 0.86 | -57.0 | -92.82 | -0.04 | -111.76 | -103.03 | 0.02 | -92.0 | -98.08 | 0.06 | -40.0 | -33.33 | 8.96 | 12.85 | -50.72 | 62.90 | 25.3 | 101.09 | 4100.00 | 0 | 23816.67 | -4000.00 | -4100.0 | -4927.59 | 32.62 | 48.14 | 3.92 |
| 22Q1 (10) | 0.04 | 112.5 | -92.31 | 39.58 | 5.27 | -37.16 | 0.12 | 119.05 | -99.38 | 2.29 | 115.73 | -91.32 | 2.00 | 115.08 | -93.49 | 0.34 | 113.71 | -90.71 | 0.25 | 114.62 | -91.58 | 0.10 | -16.67 | 0.0 | 7.94 | 180.28 | -76.33 | 50.20 | 3.74 | 106.75 | 0.00 | -100.0 | -100.0 | 100.00 | 4.76 | 281.82 | 22.02 | 6.38 | -15.83 |
| 21Q4 (9) | -0.32 | -346.15 | -88.24 | 37.60 | -11.74 | -7.73 | -0.63 | 94.66 | 97.45 | -14.56 | -248.42 | 15.0 | -13.26 | -235.03 | -21.65 | -2.48 | -375.56 | -27.84 | -1.71 | -347.83 | -8.92 | 0.12 | 71.43 | 33.33 | -9.89 | -155.38 | -103.5 | 48.39 | 29.66 | 110.39 | 4.55 | 103.79 | -96.86 | 95.45 | -55.81 | 312.6 | 20.70 | -38.87 | -61.05 |
| 21Q3 (8) | 0.13 | -31.58 | 110.48 | 42.60 | -21.24 | 532.05 | -11.80 | -690.0 | 81.2 | 9.81 | -16.93 | 120.38 | 9.82 | -18.03 | 110.18 | 0.90 | -31.82 | 118.6 | 0.69 | -33.65 | 117.08 | 0.07 | -22.22 | -12.5 | 17.86 | -1.76 | 152.5 | 37.32 | 19.31 | 63.9 | -120.00 | -800.0 | -191.76 | 216.00 | 160.69 | 802.0 | 33.86 | 7.87 | -18.78 |
| 21Q2 (7) | 0.19 | -63.46 | 246.15 | 54.09 | -14.13 | 116.27 | 2.00 | -89.69 | 106.67 | 11.81 | -55.25 | 192.92 | 11.98 | -60.98 | 206.11 | 1.32 | -63.93 | 251.72 | 1.04 | -64.98 | 238.67 | 0.09 | -10.0 | 28.57 | 18.18 | -45.8 | 2120.0 | 31.28 | 28.83 | 85.97 | 17.14 | -76.77 | -92.73 | 82.86 | 216.36 | 161.05 | 31.39 | 19.99 | 0 |
| 21Q1 (6) | 0.52 | 405.88 | 262.5 | 62.99 | 54.58 | 138.06 | 19.39 | 178.57 | 180.52 | 26.39 | 254.06 | 227.18 | 30.70 | 381.65 | 240.76 | 3.66 | 288.66 | 278.54 | 2.97 | 289.17 | 286.79 | 0.10 | 11.11 | 42.86 | 33.54 | 790.12 | 395.51 | 24.28 | 5.57 | 58.28 | 73.81 | -49.06 | -35.96 | 26.19 | 158.33 | 271.69 | 26.16 | -50.77 | -29.01 |
| 20Q4 (5) | -0.17 | 86.29 | -112.23 | 40.75 | 513.29 | 60.37 | -24.68 | 60.67 | -24.84 | -17.13 | 64.41 | -116.93 | -10.90 | 88.7 | -111.4 | -1.94 | 59.92 | -117.26 | -1.57 | 61.14 | -117.9 | 0.09 | 12.5 | 0.0 | -4.86 | 85.71 | -104.46 | 23.00 | 1.01 | -42.25 | 144.90 | 10.8 | 845.19 | -44.90 | -45.92 | -137.51 | 53.14 | 27.46 | 0 |
| 20Q3 (4) | -1.24 | -853.85 | 0.0 | -9.86 | -139.42 | 0.0 | -62.75 | -109.17 | 0.0 | -48.13 | -278.68 | 0.0 | -96.47 | -754.47 | 0.0 | -4.84 | -456.32 | 0.0 | -4.04 | -438.67 | 0.0 | 0.08 | 14.29 | 0.0 | -34.02 | -3680.0 | 0.0 | 22.77 | 35.37 | 0.0 | 130.77 | -44.52 | 0.0 | -30.77 | 77.33 | 0.0 | 41.69 | 0 | 0.0 |
| 20Q2 (3) | -0.13 | 59.38 | 0.0 | 25.01 | -5.48 | 0.0 | -30.00 | -24.58 | 0.0 | -12.71 | 38.75 | 0.0 | -11.29 | 48.23 | 0.0 | -0.87 | 57.56 | 0.0 | -0.75 | 52.83 | 0.0 | 0.07 | 0.0 | 0.0 | -0.90 | 92.07 | 0.0 | 16.82 | 9.65 | 0.0 | 235.71 | 104.52 | 0.0 | -135.71 | -789.68 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.32 | -123.02 | 0.0 | 26.46 | 4.13 | 0.0 | -24.08 | -21.8 | 0.0 | -20.75 | -120.51 | 0.0 | -21.81 | -122.81 | 0.0 | -2.05 | -118.24 | 0.0 | -1.59 | -118.13 | 0.0 | 0.07 | -22.22 | 0.0 | -11.35 | -110.42 | 0.0 | 15.34 | -61.49 | 0.0 | 115.25 | 692.74 | 0.0 | -15.25 | -112.74 | 0.0 | 36.85 | 0 | 0.0 |
| 19Q4 (1) | 1.39 | 0.0 | 0.0 | 25.41 | 0.0 | 0.0 | -19.77 | 0.0 | 0.0 | 101.17 | 0.0 | 0.0 | 95.63 | 0.0 | 0.0 | 11.24 | 0.0 | 0.0 | 8.77 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 108.93 | 0.0 | 0.0 | 39.83 | 0.0 | 0.0 | -19.44 | 0.0 | 0.0 | 119.70 | 0.0 | 0.0 | 0.00 | 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) | -0.37 | 0 | 33.38 | 12.28 | -5.36 | 0 | 3.94 | -12.31 | -4.27 | 0 | -4.64 | 0 | -2.50 | 0 | -1.28 | 0 | 0.37 | 8.82 | 2.87 | -79.99 | 38.36 | -42.16 | 125.00 | 0 | -25.00 | 0 | 0.06 | -97.61 | 25.50 | -4.46 |
| 2022 (9) | 0.56 | 9.8 | 29.73 | -38.54 | -13.60 | 0 | 4.50 | -21.77 | 6.92 | 18.09 | 7.48 | 1.22 | 3.65 | 7.67 | 2.55 | -0.39 | 0.34 | -8.11 | 14.34 | 17.06 | 66.32 | 37.05 | -196.94 | 0 | 297.96 | 453.35 | 2.33 | 38.84 | 26.69 | -0.85 |
| 2021 (8) | 0.51 | 0 | 48.37 | 124.14 | 2.66 | 0 | 5.75 | -50.78 | 5.86 | 0 | 7.39 | 0 | 3.39 | 0 | 2.56 | 0 | 0.37 | 32.14 | 12.25 | 0 | 48.39 | 110.39 | 44.87 | -68.38 | 53.85 | 0 | 1.68 | 0 | 26.92 | -37.48 |
| 2020 (7) | -1.86 | 0 | 21.58 | -11.81 | -34.61 | 0 | 11.68 | 54.92 | -24.46 | 0 | -34.08 | 0 | -9.36 | 0 | -7.06 | 0 | 0.28 | -15.15 | -12.64 | 0 | 23.00 | -42.25 | 141.90 | 0 | -41.50 | 0 | 0.00 | 0 | 43.06 | 38.77 |
| 2019 (6) | 1.18 | 0 | 24.47 | 49.12 | -19.67 | 0 | 7.54 | 37.91 | 24.82 | 0 | 22.58 | 0 | 9.74 | 0 | 7.45 | 0 | 0.33 | -2.94 | 32.50 | 0 | 39.83 | 66.93 | -79.37 | 0 | 179.08 | 0 | 0.00 | 0 | 31.03 | 3.99 |
| 2018 (5) | -0.61 | 0 | 16.41 | 16.88 | -25.81 | 0 | 5.47 | 38.85 | -14.46 | 0 | -15.57 | 0 | -6.77 | 0 | -5.28 | 0 | 0.34 | -19.05 | -8.67 | 0 | 23.86 | -17.58 | 178.34 | 61.46 | -78.34 | 0 | 0.00 | 0 | 29.84 | 11.89 |
| 2017 (4) | -1.21 | 0 | 14.04 | -27.89 | -24.97 | 0 | 3.94 | 5.34 | -22.57 | 0 | -22.58 | 0 | -12.41 | 0 | -9.33 | 0 | 0.42 | -22.22 | -18.31 | 0 | 28.95 | -14.07 | 110.46 | -40.54 | -10.68 | 0 | 0.00 | 0 | 26.67 | 7.41 |
| 2016 (3) | -0.45 | 0 | 19.47 | -8.76 | -13.19 | 0 | 3.74 | -27.06 | -7.12 | 0 | -5.76 | 0 | -4.21 | 0 | -3.01 | 0 | 0.54 | -6.9 | -3.13 | 0 | 33.69 | -8.13 | 185.78 | 39.52 | -85.31 | 0 | 0.00 | 0 | 24.83 | -4.02 |
| 2015 (2) | -1.01 | 0 | 21.34 | -24.51 | -14.23 | 0 | 5.12 | 26.63 | -10.70 | 0 | -10.83 | 0 | -8.48 | 0 | -6.10 | 0 | 0.58 | 9.43 | -5.24 | 0 | 36.67 | 4.68 | 133.16 | 0 | -33.16 | 0 | 0.00 | 0 | 25.87 | 0.98 |
| 2014 (1) | 0.08 | 100.0 | 28.27 | 0 | -5.77 | 0 | 4.05 | 41.24 | 0.61 | 0 | 0.89 | 0 | 0.63 | 0 | 0.59 | 0 | 0.53 | -3.64 | 4.96 | 20.1 | 35.03 | -4.42 | -945.00 | 0 | 1045.00 | 121.46 | 0.00 | 0 | 25.62 | 34.98 |
