- 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) | -0.09 | -80.0 | -12.5 | 81.25 | -3.2 | -8.56 | -514.57 | -41.77 | 21.8 | -391.25 | -67.12 | 29.14 | -391.25 | -67.12 | 29.14 | -0.92 | -67.27 | 23.33 | -0.80 | -66.67 | 20.79 | 0.00 | 0 | 0 | -366.67 | -57.15 | 33.33 | 14.75 | 0.07 | -23.26 | 125.00 | -20.45 | 7.14 | -33.33 | 41.67 | -100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.05 | -66.67 | 64.29 | 83.94 | -2.22 | -5.06 | -362.95 | -24.72 | 59.46 | -234.11 | -34.37 | 72.24 | -234.11 | -34.37 | 72.14 | -0.55 | -61.76 | 70.74 | -0.48 | -60.0 | 69.43 | 0.00 | 0 | 0 | -233.33 | -75.0 | 74.07 | 14.74 | 6.12 | -22.83 | 157.14 | -1.79 | 49.29 | -57.14 | 4.76 | -985.71 | 95.19 | -12.05 | -16.98 |
| 24Q1 (18) | -0.03 | 50.0 | -50.0 | 85.85 | -5.98 | -8.18 | -291.02 | 40.59 | 29.21 | -174.23 | 56.89 | -30.54 | -174.23 | 59.42 | -30.54 | -0.34 | 51.43 | -17.24 | -0.30 | 50.0 | -25.0 | 0.00 | 0 | 0 | -133.33 | 61.91 | -33.33 | 13.89 | 1.68 | -28.81 | 160.00 | 42.22 | -46.67 | -60.00 | -140.0 | 70.0 | 108.23 | -40.34 | 71.14 |
| 23Q4 (17) | -0.06 | 25.0 | 97.1 | 91.31 | 2.76 | 0.32 | -489.83 | 25.56 | -69.83 | -404.13 | 26.8 | 96.09 | -429.36 | 22.23 | 95.84 | -0.70 | 41.67 | 97.19 | -0.60 | 40.59 | 97.19 | 0.00 | 0 | 0 | -350.00 | 36.36 | 96.37 | 13.66 | -28.93 | -29.55 | 112.50 | -3.57 | 3978.12 | -25.00 | -50.0 | -125.71 | 181.40 | 31.85 | 91.94 |
| 23Q3 (16) | -0.08 | 42.86 | 91.49 | 88.86 | 0.51 | -3.53 | -658.00 | 26.5 | -15.8 | -552.12 | 34.54 | 86.56 | -552.12 | 34.29 | 86.56 | -1.20 | 36.17 | 87.41 | -1.01 | 35.67 | 87.95 | 0.00 | 0 | 0 | -550.00 | 38.89 | 87.31 | 19.22 | 0.63 | 32.73 | 116.67 | 10.83 | 749.07 | -16.67 | -216.67 | -119.32 | 137.58 | 19.99 | -39.3 |
| 23Q2 (15) | -0.14 | -600.0 | -130.43 | 88.41 | -5.44 | 7.61 | -895.25 | -117.77 | -165.74 | -843.45 | -531.94 | -147.47 | -840.29 | -529.57 | -147.3 | -1.88 | -548.28 | -141.05 | -1.57 | -554.17 | -138.67 | 0.00 | 0 | 0 | -900.00 | -800.0 | -154.55 | 19.10 | -2.1 | 46.36 | 105.26 | -64.91 | 661.4 | -5.26 | 97.37 | -104.37 | 114.66 | 81.31 | -13.56 |
| 23Q1 (14) | -0.02 | 99.03 | -102.22 | 93.50 | 2.72 | -1.13 | -411.10 | -42.54 | -65.82 | -133.47 | 98.71 | -103.71 | -133.47 | 98.71 | -103.71 | -0.29 | 98.84 | -103.04 | -0.24 | 98.88 | -102.84 | 0.00 | 0 | 0 | -100.00 | 98.96 | -102.38 | 19.51 | 0.62 | 56.83 | 300.00 | 10775.0 | 4266.67 | -200.00 | -305.67 | -286.57 | 63.24 | -33.09 | -59.83 |
| 22Q4 (13) | -2.07 | -120.21 | -581.4 | 91.02 | -1.18 | -12.06 | -288.42 | 49.24 | -68.73 | -10323.60 | -151.26 | -689.61 | -10323.60 | -151.26 | -689.61 | -24.95 | -161.8 | -613.37 | -21.39 | -155.25 | -603.29 | 0.00 | 0 | 0 | -9633.33 | -122.31 | -573.77 | 19.39 | 33.91 | 43.1 | 2.76 | -79.92 | 127.13 | 97.24 | 12.73 | -11.73 | 94.51 | -58.3 | -0.37 |
| 22Q3 (12) | -0.94 | -304.35 | -1242.86 | 92.11 | 12.11 | 6.98 | -568.22 | -68.67 | -84.41 | -4108.68 | -331.26 | -1489.92 | -4108.68 | -331.26 | -1489.92 | -9.53 | -308.08 | -1021.18 | -8.38 | -306.4 | -1047.95 | 0.00 | 0 | 0 | -4333.33 | -362.63 | -2066.66 | 14.48 | 10.96 | -2.75 | 13.74 | 173.28 | -87.51 | 86.26 | -28.3 | 531.3 | 226.66 | 70.88 | 121.13 |
| 22Q2 (11) | 0.46 | -48.89 | 276.92 | 82.16 | -13.12 | -8.51 | -336.89 | -35.89 | -55.73 | 1776.62 | -50.61 | 290.58 | 1776.62 | -50.61 | 290.58 | 4.58 | -51.94 | 235.91 | 4.06 | -51.9 | 240.97 | 0.00 | 0 | 0 | 1650.00 | -60.71 | 306.25 | 13.05 | 4.9 | -18.13 | -18.75 | -160.42 | -179.69 | 120.31 | 12.23 | 57.33 | 132.64 | -15.74 | 20.16 |
| 22Q1 (10) | 0.90 | 109.3 | 1385.71 | 94.57 | -8.63 | 5.24 | -247.92 | -45.03 | 2.12 | 3597.16 | 105.44 | 1458.85 | 3597.16 | 105.44 | 1458.85 | 9.53 | 96.09 | 1034.31 | 8.44 | 98.59 | 1092.94 | 0.00 | 0 | 0 | 4200.00 | 106.56 | 1900.03 | 12.44 | -8.19 | -31.35 | -7.20 | 29.2 | -107.2 | 107.20 | -2.7 | 0 | 157.42 | 65.95 | -15.86 |
| 21Q4 (9) | 0.43 | 714.29 | 4400.0 | 103.50 | 20.21 | 11.08 | -170.94 | 44.52 | -24.9 | 1750.93 | 777.55 | 4011.82 | 1750.93 | 777.55 | 3693.86 | 4.86 | 671.76 | 2414.29 | 4.25 | 682.19 | 2461.11 | 0.00 | 0 | 0 | 2033.33 | 1116.66 | 0 | 13.55 | -9.0 | -36.68 | -10.17 | -109.24 | -104.07 | 110.17 | 650.85 | 173.45 | 94.86 | -7.45 | 0 |
| 21Q3 (8) | -0.07 | 73.08 | 22.22 | 86.10 | -4.12 | -8.42 | -308.13 | -42.44 | -123.72 | -258.42 | 72.28 | 11.83 | -258.42 | 72.28 | 11.83 | -0.85 | 74.78 | 33.59 | -0.73 | 74.65 | 31.78 | 0.00 | 0 | 0 | -200.00 | 75.0 | 11.11 | 14.89 | -6.59 | -26.21 | 110.00 | 367.5 | 142.0 | -20.00 | -126.15 | -136.67 | 102.50 | -7.15 | 9.87 |
| 21Q2 (7) | -0.26 | -271.43 | -966.67 | 89.80 | -0.07 | -3.1 | -216.33 | 14.59 | -89.23 | -932.23 | -252.16 | -956.67 | -932.23 | -252.16 | -956.67 | -3.37 | -230.39 | -817.02 | -2.88 | -238.82 | -838.46 | 0.00 | 0 | 0 | -800.00 | -242.86 | -633.33 | 15.94 | -12.03 | -17.54 | 23.53 | -76.47 | 123.53 | 76.47 | 0 | -66.01 | 110.39 | -41.0 | 16.49 |
| 21Q1 (6) | -0.07 | -600.0 | 30.0 | 89.86 | -3.56 | -3.51 | -253.28 | -85.07 | -69.78 | -264.72 | -491.42 | 22.05 | -264.72 | -443.35 | 22.05 | -1.02 | -385.71 | 27.66 | -0.85 | -372.22 | 27.97 | 0.00 | 0 | 0 | -233.33 | 0 | 15.15 | 18.12 | -15.33 | -5.23 | 100.00 | -60.0 | 116.67 | -0.00 | 100.0 | -100.0 | 187.09 | 0 | 81.48 |
| 20Q4 (5) | -0.01 | 88.89 | -112.5 | 93.18 | -0.89 | -1.37 | -136.86 | 0.63 | -107.9 | -44.76 | 84.73 | -124.38 | -48.72 | 83.38 | -126.71 | -0.21 | 83.59 | -119.81 | -0.18 | 83.18 | -120.22 | 0.00 | 0 | 0 | -0.00 | 100.0 | -100.0 | 21.40 | 6.05 | 14.62 | 250.00 | 450.0 | 933.33 | -150.00 | -375.0 | -215.38 | 0.00 | -100.0 | -100.0 |
| 20Q3 (4) | -0.09 | -400.0 | 0.0 | 94.02 | 1.46 | 0.0 | -137.73 | -20.48 | 0.0 | -293.10 | -369.34 | 0.0 | -293.10 | -369.34 | 0.0 | -1.28 | -372.34 | 0.0 | -1.07 | -374.36 | 0.0 | 0.00 | 0 | 0.0 | -225.00 | -250.0 | 0.0 | 20.18 | 4.4 | 0.0 | 45.45 | 145.45 | 0.0 | 54.55 | -75.76 | 0.0 | 93.29 | -1.55 | 0.0 |
| 20Q2 (3) | 0.03 | 130.0 | 0.0 | 92.67 | -0.49 | 0.0 | -114.32 | 23.37 | 0.0 | 108.82 | 132.04 | 0.0 | 108.82 | 132.04 | 0.0 | 0.47 | 133.33 | 0.0 | 0.39 | 133.05 | 0.0 | 0.00 | 0 | 0.0 | 150.00 | 154.55 | 0.0 | 19.33 | 1.1 | 0.0 | -100.00 | -316.67 | 0.0 | 225.00 | 317.86 | 0.0 | 94.76 | -8.08 | 0.0 |
| 20Q1 (2) | -0.10 | -225.0 | 0.0 | 93.13 | -1.42 | 0.0 | -149.18 | -126.61 | 0.0 | -339.62 | -284.95 | 0.0 | -339.62 | -286.21 | 0.0 | -1.41 | -233.02 | 0.0 | -1.18 | -232.58 | 0.0 | 0.00 | 0 | 0.0 | -275.00 | -225.0 | 0.0 | 19.12 | 2.41 | 0.0 | 46.15 | 253.85 | 0.0 | 53.85 | -58.58 | 0.0 | 103.09 | 91.47 | 0.0 |
| 19Q4 (1) | 0.08 | 0.0 | 0.0 | 94.47 | 0.0 | 0.0 | -65.83 | 0.0 | 0.0 | 183.63 | 0.0 | 0.0 | 182.39 | 0.0 | 0.0 | 1.06 | 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 220.00 | 0.0 | 0.0 | 18.67 | 0.0 | 0.0 | -30.00 | 0.0 | 0.0 | 130.00 | 0.0 | 0.0 | 53.84 | 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) | -0.30 | 0 | 90.49 | 0.79 | -619.09 | 0 | 33.33 | 8.33 | -487.22 | 0 | -491.99 | 0 | -3.54 | 0 | -3.04 | 0 | 0.01 | 0.0 | -433.33 | 0 | 13.66 | -29.55 | 129.27 | 535.34 | -26.83 | 0 | 0.00 | 0 | 121.85 | -20.83 |
| 2022 (9) | -1.65 | 0 | 89.78 | -2.55 | -359.03 | 0 | 30.77 | -28.21 | -1761.09 | 0 | -1761.09 | 0 | -20.34 | 0 | -17.50 | 0 | 0.01 | 0.0 | -1746.15 | 0 | 19.39 | 43.1 | 20.35 | 0 | 79.65 | -86.06 | 0.00 | 0 | 153.90 | 25.04 |
| 2021 (8) | 0.05 | 0 | 92.13 | -1.2 | -238.38 | 0 | 42.86 | -8.16 | 48.41 | 0 | 48.41 | 0 | 0.65 | 0 | 0.56 | 0 | 0.01 | 0.0 | 92.86 | 0 | 13.55 | -36.68 | -471.43 | 0 | 571.43 | 11900.0 | 0.00 | 0 | 123.08 | 30.06 |
| 2020 (7) | -0.17 | 0 | 93.25 | -0.83 | -134.41 | 0 | 46.67 | 40.0 | -141.42 | 0 | -142.40 | 0 | -2.47 | 0 | -2.05 | 0 | 0.01 | -50.0 | -100.00 | 0 | 21.40 | 14.62 | 95.24 | 0 | 4.76 | -97.37 | 0.00 | 0 | 94.63 | 35.03 |
| 2019 (6) | 0.16 | 0 | 94.03 | -0.38 | -79.96 | 0 | 33.33 | 25.0 | 97.68 | 0 | 97.38 | 0 | 2.31 | 0 | 1.95 | 0 | 0.02 | -33.33 | 128.57 | 0 | 18.67 | -1.99 | -80.95 | 0 | 180.95 | 334.29 | 0.00 | 0 | 70.08 | 58.73 |
| 2018 (5) | -0.10 | 0 | 94.39 | 1.83 | -25.49 | 0 | 26.67 | 16.67 | -40.56 | 0 | -40.76 | 0 | -1.35 | 0 | -1.13 | 0 | 0.03 | 0.0 | -13.33 | 0 | 19.05 | 5.31 | 66.67 | 0 | 41.67 | -89.58 | 0.00 | 0 | 44.15 | 15.03 |
| 2017 (4) | 0.01 | 0 | 92.69 | 1.78 | -7.88 | 0 | 22.86 | -5.31 | 2.25 | 0 | 2.06 | 0 | 0.08 | 0 | 0.07 | 0 | 0.03 | 0.0 | 25.71 | 645.22 | 18.09 | -0.5 | -300.00 | 0 | 400.00 | 0 | 0.00 | 0 | 38.38 | -10.45 |
| 2016 (3) | -0.05 | 0 | 91.07 | 2.96 | -19.30 | 0 | 24.14 | 3.45 | -20.41 | 0 | -20.66 | 0 | -0.65 | 0 | -0.54 | 0 | 0.03 | 0.0 | 3.45 | -74.12 | 18.18 | -0.44 | 100.00 | -33.33 | -0.00 | 0 | 0.00 | 0 | 42.86 | 8.18 |
| 2015 (2) | -0.03 | 0 | 88.45 | 0.43 | -19.10 | 0 | 23.33 | 5.0 | -11.95 | 0 | -12.08 | 0 | -0.38 | 0 | -0.32 | 0 | 0.03 | 50.0 | 13.33 | -28.02 | 18.26 | 1.28 | 150.00 | -57.14 | -50.00 | 0 | 0.00 | 0 | 39.62 | -15.72 |
| 2014 (1) | -0.01 | 0 | 88.07 | 0 | -26.92 | 0 | 22.22 | -11.11 | -6.15 | 0 | -6.15 | 0 | -0.17 | 0 | -0.14 | 0 | 0.02 | 0.0 | 18.52 | 0 | 18.03 | 0.28 | 350.00 | 175.0 | -300.00 | 0 | 0.00 | 0 | 47.01 | -19.24 |
