- 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) | 4.87 | 137.56 | 9840.0 | 50.81 | 3.67 | 779.07 | 43.46 | 10.95 | 185.7 | 43.25 | 10.78 | 267.05 | 42.13 | 11.19 | 262.66 | 28.71 | 93.99 | 5959.18 | 17.40 | 157.02 | 17500.0 | 0.41 | 141.18 | 4000.0 | 43.63 | 7.28 | 1233.25 | 36.97 | -64.35 | -85.48 | 100.44 | 0.09 | -45.92 | -0.44 | -26.71 | 99.49 | 0.68 | -42.37 | -98.29 |
| 24Q2 (19) | 2.05 | -3.76 | 5225.0 | 49.01 | -3.41 | 509.58 | 39.17 | -7.77 | 233.01 | 39.04 | -7.25 | 334.05 | 37.89 | -7.27 | 327.16 | 14.80 | -15.86 | 3463.64 | 6.77 | 1.5 | 7622.22 | 0.17 | 6.25 | 1600.0 | 40.67 | -8.17 | 1606.3 | 103.70 | -29.17 | -56.79 | 100.34 | -0.64 | -45.27 | -0.34 | 65.41 | 99.59 | 1.18 | -20.81 | -95.6 |
| 24Q1 (18) | 2.13 | 115.15 | 2466.67 | 50.74 | 3.72 | 329.64 | 42.47 | 12.32 | 252.39 | 42.09 | 26.32 | 216.56 | 40.86 | 42.87 | 212.41 | 17.59 | 88.13 | 2054.44 | 6.67 | 113.78 | 3000.0 | 0.16 | 60.0 | 1500.0 | 44.29 | 18.87 | 299.32 | 146.41 | -28.39 | -36.16 | 100.99 | -11.35 | 31.29 | -0.99 | 92.53 | -104.3 | 1.49 | -49.15 | -95.04 |
| 23Q4 (17) | 0.99 | 2080.0 | 682.35 | 48.92 | 746.37 | 260.77 | 37.81 | 174.56 | 269.86 | 33.32 | 228.7 | 193.73 | 28.60 | 210.42 | 155.11 | 9.35 | 2008.16 | 673.62 | 3.12 | 3220.0 | 763.83 | 0.10 | 900.0 | 900.0 | 37.26 | 1067.79 | 255.83 | 204.45 | -19.71 | -9.02 | 113.92 | -38.66 | 82.28 | -13.29 | 84.49 | -135.44 | 2.93 | -92.65 | -86.58 |
| 23Q3 (16) | -0.05 | -25.0 | 0.0 | 5.78 | -28.11 | -49.39 | -50.71 | -72.19 | -111.29 | -25.89 | -55.22 | -729.93 | -25.90 | -55.28 | -76.31 | -0.49 | -11.36 | -13.95 | -0.10 | -11.11 | 0.0 | 0.01 | 0.0 | 0.0 | -3.85 | -42.59 | -123.65 | 254.63 | 6.1 | 17.36 | 185.71 | 1.3 | 137.14 | -85.71 | -2.86 | -114.29 | 39.86 | 48.68 | 57.05 |
| 23Q2 (15) | -0.04 | 55.56 | -33.33 | 8.04 | -31.92 | -34.53 | -29.45 | -5.67 | -5.44 | -16.68 | 53.81 | -33.23 | -16.68 | 54.11 | -30.01 | -0.44 | 51.11 | -41.94 | -0.09 | 60.87 | -12.5 | 0.01 | 0.0 | 0.0 | -2.70 | 87.85 | 0 | 239.98 | 4.63 | 15.41 | 183.33 | 138.33 | -8.33 | -83.33 | -461.11 | 30.56 | 26.81 | -10.81 | -2.9 |
| 23Q1 (14) | -0.09 | 47.06 | -350.0 | 11.81 | -12.91 | 31.08 | -27.87 | -25.2 | 18.34 | -36.11 | -1.58 | -256.11 | -36.35 | 29.96 | -250.53 | -0.90 | 44.79 | -328.57 | -0.23 | 51.06 | -360.0 | 0.01 | 0.0 | 0.0 | -22.22 | 7.07 | -787.93 | 229.35 | 2.06 | 21.26 | 76.92 | 23.08 | -79.02 | 23.08 | -38.46 | 109.89 | 30.06 | 37.7 | -10.13 |
| 22Q4 (13) | -0.17 | -240.0 | -750.0 | 13.56 | 18.74 | 22.94 | -22.26 | 7.25 | 1.72 | -35.55 | -964.96 | -92.89 | -51.90 | -253.3 | -699.69 | -1.63 | -279.07 | -858.82 | -0.47 | -370.0 | -1075.0 | 0.01 | 0.0 | 0.0 | -23.91 | -246.87 | -91.28 | 224.71 | 3.57 | 22.77 | 62.50 | 112.5 | -51.39 | 37.50 | -93.75 | 231.25 | 21.83 | -13.99 | -8.01 |
| 22Q3 (12) | -0.05 | -66.67 | 70.59 | 11.42 | -7.0 | 4.2 | -24.00 | 14.07 | 7.76 | 4.11 | 132.83 | 119.31 | -14.69 | -14.5 | 74.95 | -0.43 | -38.71 | 70.95 | -0.10 | -25.0 | 81.82 | 0.01 | 0.0 | 0.0 | 16.28 | 0 | 208.53 | 216.96 | 4.34 | 26.55 | -500.00 | -350.0 | -500.0 | 600.00 | 600.0 | 2500.0 | 25.38 | -8.08 | -0.35 |
| 22Q2 (11) | -0.03 | -50.0 | 66.67 | 12.28 | 36.29 | 22.92 | -27.93 | 18.17 | 17.32 | -12.52 | -23.47 | 69.57 | -12.83 | -23.72 | 68.84 | -0.31 | -47.62 | 59.74 | -0.08 | -60.0 | 71.43 | 0.01 | 0.0 | 0.0 | 0.00 | -100.0 | 100.0 | 207.93 | 9.93 | 35.22 | 200.00 | -45.45 | 140.0 | -120.00 | 48.57 | -820.0 | 27.61 | -17.46 | -20.75 |
| 22Q1 (10) | -0.02 | 0.0 | -113.33 | 9.01 | -18.31 | -78.56 | -34.13 | -50.68 | -262.76 | -10.14 | 44.98 | -140.09 | -10.37 | -59.78 | -141.02 | -0.21 | -23.53 | -115.56 | -0.05 | -25.0 | -109.43 | 0.01 | 0.0 | -50.0 | 3.23 | 125.84 | -88.34 | 189.14 | 3.34 | 19.5 | 366.67 | 185.19 | 352.94 | -233.33 | -716.67 | -1325.0 | 33.45 | 40.96 | 150.94 |
| 21Q4 (9) | -0.02 | 88.24 | -125.0 | 11.03 | 0.64 | -71.08 | -22.65 | 12.95 | -210.0 | -18.43 | 13.39 | -660.18 | -6.49 | 88.93 | -160.48 | -0.17 | 88.51 | -124.64 | -0.04 | 92.73 | -114.29 | 0.01 | 0.0 | -50.0 | -12.50 | 16.67 | -304.25 | 183.03 | 6.76 | 10.56 | 128.57 | 2.86 | -80.71 | -28.57 | -14.29 | 94.96 | 23.73 | -6.83 | 144.64 |
| 21Q3 (8) | -0.17 | -88.89 | -213.33 | 10.96 | 9.71 | -72.76 | -26.02 | 22.97 | -274.16 | -21.28 | 48.29 | -253.98 | -58.65 | -42.46 | -524.38 | -1.48 | -92.21 | -204.23 | -0.55 | -96.43 | -201.85 | 0.01 | 0.0 | -75.0 | -15.00 | 55.0 | -196.28 | 171.44 | 11.49 | -0.16 | 125.00 | 50.0 | 14.13 | -25.00 | -250.0 | -162.5 | 25.47 | -26.89 | 39.03 |
| 21Q2 (7) | -0.09 | -160.0 | 68.97 | 9.99 | -76.23 | -62.32 | -33.78 | -261.09 | -5.83 | -41.15 | -262.71 | -13.89 | -41.17 | -262.86 | -14.39 | -0.77 | -157.04 | 70.83 | -0.28 | -152.83 | 69.89 | 0.01 | -50.0 | -66.67 | -33.33 | -220.28 | 1.77 | 153.77 | -2.84 | -14.92 | 83.33 | 2.94 | -7.41 | 16.67 | -12.5 | 33.33 | 34.84 | 161.37 | -34.62 |
| 21Q1 (6) | 0.15 | 87.5 | 1400.0 | 42.03 | 10.2 | 97.42 | 20.97 | 1.85 | 654.76 | 25.29 | 668.69 | 949.38 | 25.28 | 135.6 | 2909.52 | 1.35 | 95.65 | 1828.57 | 0.53 | 89.29 | 783.33 | 0.02 | 0.0 | -33.33 | 27.71 | 352.78 | 402.9 | 158.27 | -4.4 | -8.32 | 80.95 | -87.86 | 148.57 | 19.05 | 103.36 | -92.86 | 13.33 | 37.42 | 0 |
| 20Q4 (5) | 0.08 | -46.67 | -61.9 | 38.14 | -5.2 | 10.49 | 20.59 | 37.82 | 32.92 | 3.29 | -76.19 | -72.45 | 10.73 | -22.36 | -24.28 | 0.69 | -51.41 | -63.3 | 0.28 | -48.15 | -62.67 | 0.02 | -50.0 | -60.0 | 6.12 | -60.72 | -54.77 | 165.55 | -3.59 | -4.44 | 666.67 | 508.7 | 420.83 | -566.67 | -5850.0 | -1923.81 | 9.70 | -47.05 | 0 |
| 20Q3 (4) | 0.15 | 151.72 | 0.0 | 40.23 | 51.75 | 0.0 | 14.94 | 146.8 | 0.0 | 13.82 | 138.25 | 0.0 | 13.82 | 138.4 | 0.0 | 1.42 | 153.79 | 0.0 | 0.54 | 158.06 | 0.0 | 0.04 | 33.33 | 0.0 | 15.58 | 145.92 | 0.0 | 171.71 | -5.0 | 0.0 | 109.52 | 21.69 | 0.0 | -9.52 | -176.19 | 0.0 | 18.32 | -65.62 | 0.0 |
| 20Q2 (3) | -0.29 | -3000.0 | 0.0 | 26.51 | 24.52 | 0.0 | -31.92 | -744.44 | 0.0 | -36.13 | -1599.17 | 0.0 | -35.99 | -4384.52 | 0.0 | -2.64 | -3871.43 | 0.0 | -0.93 | -1650.0 | 0.0 | 0.03 | 0.0 | 0.0 | -33.93 | -715.79 | 0.0 | 180.74 | 4.69 | 0.0 | 90.00 | 154.0 | 0.0 | 12.50 | -95.31 | 0.0 | 53.29 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | -95.24 | 0.0 | 21.29 | -38.33 | 0.0 | -3.78 | -124.4 | 0.0 | 2.41 | -79.82 | 0.0 | 0.84 | -94.07 | 0.0 | 0.07 | -96.28 | 0.0 | 0.06 | -92.0 | 0.0 | 0.03 | -40.0 | 0.0 | 5.51 | -59.28 | 0.0 | 172.64 | -0.35 | 0.0 | -166.67 | -230.21 | 0.0 | 266.67 | 1052.38 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 0.21 | 0.0 | 0.0 | 34.52 | 0.0 | 0.0 | 15.49 | 0.0 | 0.0 | 11.94 | 0.0 | 0.0 | 14.17 | 0.0 | 0.0 | 1.88 | 0.0 | 0.0 | 0.75 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 13.53 | 0.0 | 0.0 | 173.24 | 0.0 | 0.0 | 128.00 | 0.0 | 0.0 | -28.00 | 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) | 0.80 | 0 | 42.03 | 257.4 | 25.38 | 0 | 1.92 | -72.77 | 23.10 | 0 | 19.18 | 0 | 7.42 | 0 | 2.77 | 0 | 0.12 | 300.0 | 29.14 | 0 | 204.45 | -9.02 | 110.61 | -40.65 | -9.85 | 0 | 0.00 | 0 | 7.83 | -70.42 |
| 2022 (9) | -0.27 | 0 | 11.76 | -51.4 | -26.43 | 0 | 7.05 | 126.82 | -14.19 | 0 | -24.28 | 0 | -2.54 | 0 | -0.71 | 0 | 0.03 | -40.0 | -2.56 | 0 | 224.71 | 22.77 | 186.36 | 8.71 | -86.36 | 0 | 0.00 | 0 | 26.47 | 24.1 |
| 2021 (8) | -0.12 | 0 | 24.20 | -23.88 | -6.28 | 0 | 3.11 | 118.06 | -3.71 | 0 | -8.88 | 0 | -1.12 | 0 | -0.33 | 0 | 0.05 | -58.33 | 1.04 | 0 | 183.03 | 10.56 | 171.43 | 0 | -71.43 | 0 | 0.00 | 0 | 21.33 | -14.85 |
| 2020 (7) | -0.05 | 0 | 31.79 | 55.68 | 0.55 | 0 | 1.43 | 12.02 | -2.64 | 0 | -1.52 | 0 | -0.48 | 0 | -0.08 | 0 | 0.12 | -14.29 | -0.20 | 0 | 165.55 | -4.44 | -23.08 | 0 | 123.08 | -17.95 | 0.00 | 0 | 25.05 | 41.77 |
| 2019 (6) | 0.00 | 0 | 20.42 | 263.99 | -0.33 | 0 | 1.27 | 89.64 | 0.28 | 0 | 0.05 | 0 | 0.02 | 0 | 0.14 | 0 | 0.14 | 16.67 | 2.91 | 0 | 173.24 | 29.15 | -100.00 | 0 | 150.00 | 0 | 0.00 | 0 | 17.67 | -19.46 |
| 2018 (5) | -0.21 | 0 | 5.61 | -57.27 | -17.15 | 0 | 0.67 | -55.79 | -12.55 | 0 | -6.40 | 0 | -1.73 | 0 | -0.64 | 0 | 0.12 | -14.29 | -10.51 | 0 | 134.14 | 4.86 | 137.50 | 21.88 | -37.50 | 0 | 0.00 | 0 | 21.94 | 19.05 |
| 2017 (4) | -0.29 | 0 | 13.13 | -46.82 | -8.36 | 0 | 1.52 | -12.43 | -7.46 | 0 | -7.68 | 0 | -2.32 | 0 | -0.97 | 0 | 0.14 | -41.67 | -4.93 | 0 | 127.92 | 13.26 | 112.82 | 9.96 | -12.82 | 0 | 0.05 | 0 | 18.43 | -28.92 |
| 2016 (3) | 0.47 | 0 | 24.69 | 50.46 | 8.55 | 0 | 1.73 | -10.57 | 8.39 | 0 | 7.06 | 0 | 3.63 | 0 | 1.77 | 0 | 0.24 | 4.35 | 10.51 | 412.68 | 112.94 | 0.97 | 102.60 | -92.92 | -2.60 | 0 | 0.00 | 0 | 25.93 | 74.14 |
| 2015 (2) | -0.28 | 0 | 16.41 | -16.28 | -3.31 | 0 | 1.94 | 1.77 | -0.22 | 0 | -4.35 | 0 | -2.07 | 0 | -0.96 | 0 | 0.23 | 4.55 | 2.05 | -57.99 | 111.85 | 13.91 | 1450.00 | 10533.33 | -1350.00 | 0 | 0.00 | 0 | 14.89 | -3.31 |
| 2014 (1) | 0.10 | 0 | 19.60 | 0 | 0.41 | 0 | 1.90 | -2.1 | 2.57 | 0 | 1.58 | 0 | 0.70 | 0 | 0.38 | 0 | 0.22 | -4.35 | 4.88 | 275.38 | 98.19 | -8.21 | 13.64 | -94.7 | 81.82 | 0 | 0.00 | 0 | 15.40 | -1.41 |
