- 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) | -0.07 | 36.36 | -114.58 | 38.37 | -2.32 | -16.08 | -1.21 | -266.67 | -109.5 | -2.63 | 27.55 | -123.74 | -2.63 | 27.55 | -123.74 | -0.82 | 35.43 | -115.62 | 0.10 | 150.0 | -91.07 | 0.06 | 0.0 | -25.0 | 35.03 | -2.29 | -19.8 | 400.92 | -7.03 | -23.14 | 44.44 | 433.33 | -61.11 | 55.56 | -39.39 | 488.89 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.11 | 0 | -200.0 | 39.28 | -6.52 | -7.53 | -0.33 | -110.22 | -104.77 | -3.63 | -908.33 | -290.05 | -3.63 | -908.33 | -251.25 | -1.27 | -746.67 | -227.0 | 0.04 | -83.33 | -90.7 | 0.06 | -14.29 | -14.29 | 35.85 | -4.98 | -7.82 | 431.23 | -20.2 | -16.3 | 8.33 | 100.76 | -97.73 | 91.67 | -92.36 | 134.38 | 29.30 | 5.24 | 7.52 |
| 24Q1 (18) | 0.00 | 100.0 | -100.0 | 42.02 | -0.4 | -1.11 | 3.23 | 182.19 | -53.86 | -0.36 | 86.81 | -108.26 | -0.36 | 86.81 | -108.26 | -0.15 | 85.85 | -108.24 | 0.24 | 166.67 | -54.72 | 0.07 | 16.67 | 16.67 | 37.73 | 0.83 | -10.42 | 540.37 | 4.46 | -0.92 | -1100.00 | -833.33 | -800.0 | 1200.00 | 2500.0 | 2200.0 | 27.84 | -5.27 | 1.57 |
| 23Q4 (17) | -0.08 | -116.67 | -100.0 | 42.19 | -7.72 | 42.34 | -3.93 | -130.85 | -1.81 | -2.73 | -124.64 | -133.33 | -2.73 | -124.64 | -58.72 | -1.06 | -120.19 | -55.88 | 0.09 | -91.96 | -40.0 | 0.06 | -25.0 | 0.0 | 37.42 | -14.33 | -5.81 | 517.31 | -0.83 | -9.29 | 150.00 | 31.25 | -59.09 | -50.00 | -250.0 | 81.25 | 29.39 | 17.75 | -4.67 |
| 23Q3 (16) | 0.48 | 336.36 | 6.67 | 45.72 | 7.63 | -6.88 | 12.74 | 84.1 | -14.38 | 11.08 | 480.1 | -5.94 | 11.08 | 361.67 | -5.94 | 5.25 | 425.0 | -2.96 | 1.12 | 160.47 | 4.67 | 0.08 | 14.29 | 14.29 | 43.68 | 12.32 | -5.13 | 521.65 | 1.26 | -4.13 | 114.29 | -68.83 | -9.04 | -14.29 | 94.64 | 44.29 | 24.96 | -8.4 | 14.92 |
| 23Q2 (15) | 0.11 | -35.29 | 114.29 | 42.48 | -0.02 | 43.95 | 6.92 | -1.14 | 130.14 | 1.91 | -56.19 | 105.99 | 2.40 | -44.95 | 107.52 | 1.00 | -45.05 | 110.24 | 0.43 | -18.87 | 133.33 | 0.07 | 16.67 | 40.0 | 38.89 | -7.67 | 118.73 | 515.18 | -5.54 | -10.11 | 366.67 | 133.33 | 407.69 | -266.67 | -366.67 | -1060.0 | 27.25 | -0.58 | -16.18 |
| 23Q1 (14) | 0.17 | 525.0 | 1600.0 | 42.49 | 43.35 | 4.45 | 7.00 | 281.35 | 145.61 | 4.36 | 472.65 | 847.83 | 4.36 | 353.49 | 847.83 | 1.82 | 367.65 | 1037.5 | 0.53 | 253.33 | 103.85 | 0.06 | 0.0 | 20.0 | 42.12 | 6.02 | -0.21 | 545.37 | -4.37 | 6.92 | 157.14 | -57.14 | -77.55 | -57.14 | 78.57 | 90.48 | 27.41 | -11.09 | -6.26 |
| 22Q4 (13) | -0.04 | -108.89 | 85.19 | 29.64 | -39.63 | -26.25 | -3.86 | -125.94 | -69.3 | -1.17 | -109.93 | 84.23 | -1.72 | -114.6 | 76.82 | -0.68 | -112.57 | 75.36 | 0.15 | -85.98 | 200.0 | 0.06 | -14.29 | 20.0 | 39.73 | -13.71 | 13.06 | 570.30 | 4.81 | 6.13 | 366.67 | 191.84 | 1061.11 | -266.67 | -940.0 | -489.74 | 30.83 | 41.94 | -0.23 |
| 22Q3 (12) | 0.45 | 158.44 | 170.31 | 49.10 | 66.38 | 158.01 | 14.88 | 164.81 | 136.91 | 11.78 | 136.92 | 136.36 | 11.78 | 136.92 | 136.36 | 5.41 | 155.37 | 172.13 | 1.07 | 182.95 | 232.1 | 0.07 | 40.0 | 133.33 | 46.04 | 158.94 | 19.86 | 544.13 | -5.06 | -16.87 | 125.64 | 73.96 | 0.92 | -25.64 | -192.31 | -4.7 | 21.72 | -33.19 | -37.75 |
| 22Q2 (11) | -0.77 | -7800.0 | 28.04 | 29.51 | -27.46 | 39.66 | -22.96 | -905.61 | 53.68 | -31.91 | -7036.96 | 46.07 | -31.91 | -7036.96 | 46.07 | -9.77 | -6206.25 | 11.98 | -1.29 | -596.15 | 13.42 | 0.05 | 0.0 | 66.67 | 17.78 | -57.88 | 0.74 | 573.14 | 12.36 | 0.38 | 72.22 | -89.68 | -13.76 | 27.78 | 104.63 | 70.94 | 32.51 | 11.18 | -12.16 |
| 22Q1 (10) | 0.01 | 103.7 | 112.5 | 40.68 | 1.22 | 1.27 | 2.85 | 225.0 | 175.8 | 0.46 | 106.2 | 114.47 | 0.46 | 106.2 | 114.47 | 0.16 | 105.8 | 116.84 | 0.26 | 273.33 | 271.43 | 0.05 | 0.0 | 0.0 | 42.21 | 20.12 | 0.36 | 510.08 | -5.08 | -1.58 | 700.00 | 2116.67 | 444.44 | -600.00 | -976.92 | -4100.0 | 29.24 | -5.37 | -4.66 |
| 21Q4 (9) | -0.27 | 57.81 | -2600.0 | 40.19 | 111.19 | 28.16 | -2.28 | 94.34 | 63.4 | -7.42 | 77.1 | -902.7 | -7.42 | 77.1 | -902.7 | -2.76 | 63.2 | -1280.0 | -0.15 | 81.48 | -183.33 | 0.05 | 66.67 | 0.0 | 35.14 | -8.51 | -11.64 | 537.37 | -17.9 | 6.75 | 31.58 | -74.63 | -96.05 | 68.42 | 379.39 | 109.77 | 30.90 | -11.44 | 25.56 |
| 21Q3 (8) | -0.64 | 40.19 | -198.46 | 19.03 | -9.94 | -62.32 | -40.31 | 18.68 | -2044.15 | -32.40 | 45.24 | -241.05 | -32.40 | 45.24 | -241.05 | -7.50 | 32.43 | -209.97 | -0.81 | 45.64 | -150.31 | 0.03 | 0.0 | -50.0 | 38.41 | 117.62 | -38.86 | 654.54 | 14.64 | 78.67 | 124.49 | 48.64 | 1593.88 | -24.49 | -250.71 | -122.61 | 34.89 | -5.73 | 20.89 |
| 21Q2 (7) | -1.07 | -1237.5 | -181.58 | 21.13 | -47.4 | -76.75 | -49.57 | -1218.35 | -232.91 | -59.17 | -1760.69 | -395.98 | -59.17 | -1760.69 | -395.98 | -11.10 | -1068.42 | -259.22 | -1.49 | -2228.57 | -413.79 | 0.03 | -40.0 | -40.0 | 17.65 | -58.04 | -53.82 | 570.95 | 10.17 | 24.47 | 83.75 | -34.86 | -33.43 | 16.25 | 213.75 | 162.97 | 37.01 | 20.67 | 0 |
| 21Q1 (6) | -0.08 | -700.0 | 33.33 | 40.17 | 28.09 | -55.01 | -3.76 | 39.65 | -175.05 | -3.18 | -329.73 | 52.89 | -3.18 | -329.73 | 55.21 | -0.95 | -375.0 | 56.42 | 0.07 | -61.11 | 146.67 | 0.05 | 0.0 | -16.67 | 42.06 | 5.76 | 25.03 | 518.25 | 2.95 | 12.41 | 128.57 | -83.93 | 276.79 | -14.29 | 97.96 | -108.27 | 30.67 | 24.62 | 0 |
| 20Q4 (5) | -0.01 | -101.54 | 99.51 | 31.36 | -37.91 | -64.55 | -6.23 | -231.38 | 74.58 | -0.74 | -103.22 | 99.57 | -0.74 | -103.22 | 99.58 | -0.20 | -102.93 | 99.41 | 0.18 | -88.82 | 102.47 | 0.05 | -16.67 | 25.0 | 39.77 | -36.69 | 133.06 | 503.41 | 37.41 | 21.18 | 800.00 | 9700.0 | 5562.5 | -700.00 | -746.15 | -915.17 | 24.61 | -14.73 | 0 |
| 20Q3 (4) | 0.65 | 271.05 | 0.0 | 50.51 | -44.42 | 0.0 | -1.88 | 87.37 | 0.0 | 22.97 | 292.54 | 0.0 | 22.97 | 292.54 | 0.0 | 6.82 | 320.71 | 0.0 | 1.61 | 655.17 | 0.0 | 0.06 | 20.0 | 0.0 | 62.82 | 64.36 | 0.0 | 366.35 | -20.14 | 0.0 | -8.33 | -106.62 | 0.0 | 108.33 | 519.79 | 0.0 | 28.86 | 0 | 0.0 |
| 20Q2 (3) | -0.38 | -216.67 | 0.0 | 90.88 | 1.78 | 0.0 | -14.89 | -397.21 | 0.0 | -11.93 | -76.74 | 0.0 | -11.93 | -68.03 | 0.0 | -3.09 | -41.74 | 0.0 | -0.29 | -93.33 | 0.0 | 0.05 | -16.67 | 0.0 | 38.22 | 13.61 | 0.0 | 458.72 | -0.51 | 0.0 | 125.81 | 272.98 | 0.0 | -25.81 | -114.94 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.12 | 94.12 | 0.0 | 89.29 | 0.93 | 0.0 | 5.01 | 120.44 | 0.0 | -6.75 | 96.12 | 0.0 | -7.10 | 95.92 | 0.0 | -2.18 | 93.59 | 0.0 | -0.15 | 97.95 | 0.0 | 0.06 | 50.0 | 0.0 | 33.64 | 127.96 | 0.0 | 461.05 | 10.98 | 0.0 | -72.73 | -614.77 | 0.0 | 172.73 | 101.15 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -2.04 | 0.0 | 0.0 | 88.47 | 0.0 | 0.0 | -24.51 | 0.0 | 0.0 | -173.88 | 0.0 | 0.0 | -174.14 | 0.0 | 0.0 | -34.01 | 0.0 | 0.0 | -7.30 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | -120.31 | 0.0 | 0.0 | 415.44 | 0.0 | 0.0 | 14.13 | 0.0 | 0.0 | 85.87 | 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) | 0.67 | 0 | 43.35 | 14.08 | 6.07 | 0 | 31.40 | -10.88 | 4.03 | 0 | 4.15 | 0 | 7.24 | 0 | 2.19 | 1052.63 | 0.27 | 17.39 | 40.68 | 7.99 | 517.31 | -9.29 | 150.94 | 654.72 | -50.94 | 0 | 1.87 | -1.65 | 27.13 | -3.45 |
| 2022 (9) | -0.35 | 0 | 38.00 | 16.0 | -0.59 | 0 | 35.23 | -25.11 | -3.19 | 0 | -3.34 | 0 | -4.93 | 0 | 0.19 | 0 | 0.23 | 43.75 | 37.67 | 8.15 | 570.30 | 6.13 | 20.00 | -78.18 | 82.86 | 894.29 | 1.90 | 9.32 | 28.10 | -13.99 |
| 2021 (8) | -2.05 | 0 | 32.76 | -28.83 | -18.34 | 0 | 47.04 | 32.53 | -20.02 | 0 | -20.02 | 0 | -19.93 | 0 | -2.28 | 0 | 0.16 | -27.27 | 34.83 | -20.66 | 537.37 | 6.75 | 91.67 | 0 | 8.33 | -97.68 | 1.74 | -8.29 | 32.67 | 15.44 |
| 2020 (7) | 0.00 | 0 | 46.03 | -46.08 | -3.84 | 0 | 35.50 | -16.43 | 1.47 | 0 | 1.37 | 0 | 1.66 | 0 | 1.34 | 0 | 0.22 | -21.43 | 43.90 | 0 | 503.41 | 21.18 | -258.82 | 0 | 358.82 | 427.2 | 1.89 | -18.23 | 28.30 | -14.29 |
| 2019 (6) | -3.04 | 0 | 85.37 | 18.75 | -17.58 | 0 | 42.48 | 193.05 | -55.10 | 0 | -55.16 | 0 | -43.64 | 0 | -14.15 | 0 | 0.28 | -22.22 | -4.44 | 0 | 415.44 | 1017.07 | 31.94 | -69.74 | 68.06 | 0 | 2.32 | 46.59 | 33.02 | 5.53 |
| 2018 (5) | -1.10 | 0 | 71.89 | -20.58 | -22.33 | 0 | 14.50 | -31.13 | -21.19 | 0 | -21.32 | 0 | -11.42 | 0 | -7.20 | 0 | 0.36 | 71.43 | -2.84 | 0 | 37.19 | -36.53 | 105.56 | 5.56 | -5.56 | 0 | 1.58 | 134.73 | 31.29 | 9.1 |
| 2017 (4) | -0.85 | 0 | 90.52 | -0.8 | -15.28 | 0 | 21.05 | 44.87 | -15.25 | 0 | -15.31 | 0 | -7.88 | 0 | -1.16 | 0 | 0.21 | 50.0 | 18.21 | 0 | 58.59 | -73.15 | 100.00 | -20.25 | -0.00 | 0 | 0.67 | 0 | 28.68 | -17.82 |
| 2016 (3) | -0.85 | 0 | 91.25 | 56.68 | -31.63 | 0 | 14.53 | 115.7 | -25.26 | 0 | -18.32 | 0 | -9.41 | 0 | -2.58 | 0 | 0.14 | 75.0 | -1.60 | 0 | 218.19 | 79.79 | 125.40 | -8.89 | -25.40 | 0 | 0.00 | 0 | 34.90 | -42.16 |
| 2015 (2) | -0.74 | 0 | 58.24 | 22.95 | -69.12 | 0 | 6.74 | -81.85 | -50.35 | 0 | -35.75 | 0 | -7.88 | 0 | -3.80 | 0 | 0.08 | 100.0 | -36.53 | 0 | 121.36 | 132.62 | 137.63 | -48.9 | -37.11 | 0 | 0.00 | 0 | 60.34 | -25.65 |
| 2014 (1) | -0.87 | 0 | 47.37 | 0 | -126.77 | 0 | 37.12 | 553.62 | -46.77 | 0 | -110.60 | 0 | -3.13 | 0 | -2.07 | 0 | 0.04 | -89.74 | -2.27 | 0 | 52.17 | 116.11 | 269.35 | 87.0 | -169.35 | 0 | 0.00 | 0 | 81.16 | 450.98 |
