- 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) | -0.15 | -225.0 | -87.5 | 56.69 | 55.57 | 146.78 | -2337.50 | 36.71 | 53.22 | -4717.15 | -218.42 | 2.61 | -4717.15 | -229.11 | 2.61 | -1.10 | -229.41 | -86.44 | -0.57 | -190.48 | -50.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 71.86 | 11.62 | 35.08 | 50.00 | 153.85 | -50.0 | 50.00 | -73.08 | 0 | 1056.40 | -18.13 | -57.27 |
| 24Q2 (19) | 0.12 | -20.0 | 0.0 | 36.44 | -34.71 | -63.56 | -3693.59 | -43.18 | 27.34 | 3983.38 | -16.65 | -42.18 | 3653.64 | -23.55 | -49.6 | 0.85 | -24.78 | -4.49 | 0.63 | -23.17 | -7.35 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 64.38 | 49.34 | 78.39 | -92.86 | -65.08 | -23.81 | 185.71 | 18.86 | 6.12 | 1290.38 | 0.86 | -43.25 |
| 24Q1 (18) | 0.15 | -71.7 | 0 | 55.81 | 75.23 | -44.19 | -2579.65 | -12296.93 | 45.59 | 4779.36 | 15652.67 | 7263.06 | 4779.36 | 17122.92 | 7263.06 | 1.13 | -71.54 | 11200.0 | 0.82 | -70.18 | 2633.33 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 43.11 | 0.14 | 27.36 | -56.25 | -181.1 | 0 | 156.25 | 409.87 | 0 | 1279.36 | 41709.15 | -45.43 |
| 23Q4 (17) | 0.53 | 762.5 | 5400.0 | 31.85 | 126.28 | -96.13 | 21.15 | 100.42 | 100.36 | 30.34 | 100.63 | 105.81 | 27.75 | 100.57 | 105.31 | 3.97 | 772.88 | 6716.67 | 2.75 | 823.68 | 9266.67 | 0.10 | 0 | 0 | 32.51 | 0 | 0 | 43.05 | -19.08 | 30.57 | 69.35 | -30.65 | -93.06 | 30.65 | 0 | 103.41 | 3.06 | -99.88 | -99.9 |
| 23Q3 (16) | -0.08 | -166.67 | 0 | -121.18 | -221.18 | -1916.79 | -4996.47 | 1.71 | -56293.57 | -4843.53 | -170.3 | -143199.7 | -4843.53 | -166.81 | -1030638.3 | -0.59 | -166.29 | -2066.67 | -0.38 | -155.88 | -733.33 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 53.20 | 47.41 | 80.95 | 100.00 | 233.33 | -66.67 | -0.00 | -100.0 | 100.0 | 2472.35 | 8.73 | 58072.94 |
| 23Q2 (15) | 0.12 | 0 | 125.53 | 100.00 | 0.0 | 2023.14 | -5083.14 | -7.2 | -14970.09 | 6889.53 | 10513.97 | 3809.63 | 7250.00 | 11069.31 | 3698.37 | 0.89 | 8800.0 | 126.33 | 0.68 | 2166.67 | 126.88 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 36.09 | 6.62 | 10.13 | -75.00 | 0 | -512.5 | 175.00 | 0 | 113.89 | 2273.84 | -3.01 | 13426.71 |
| 23Q1 (14) | 0.00 | 100.0 | -100.0 | 100.00 | -87.86 | 1586.34 | -4741.52 | 18.74 | -68123.31 | 64.91 | 112.43 | 109.05 | 64.91 | 112.43 | 128.56 | 0.01 | 116.67 | -99.6 | 0.03 | 200.0 | -98.45 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 33.85 | 2.67 | 9.62 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | -100.0 | 2344.44 | -22.53 | 71595.41 |
| 22Q4 (13) | -0.01 | 0 | -100.97 | 823.98 | 12253.52 | 1147.7 | -5835.09 | -65758.8 | -31812.45 | -522.22 | -15350.3 | -235.24 | -522.22 | -111210.64 | -240.75 | -0.06 | -300.0 | -100.78 | -0.03 | -150.0 | -100.48 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 32.97 | 12.14 | -6.68 | 1000.00 | 233.33 | 21500.0 | -900.00 | -440.0 | -1043.69 | 3026.32 | 71107.53 | 11389.45 |
| 22Q3 (12) | 0.00 | 100.0 | 100.0 | 6.67 | 41.61 | -99.85 | -8.86 | 73.73 | 99.51 | -3.38 | 98.18 | 99.36 | 0.47 | 100.23 | 100.02 | 0.03 | 100.89 | 117.65 | 0.06 | 102.37 | 140.0 | 0.05 | 400.0 | 0 | -2.02 | 98.85 | 0 | 29.40 | -10.28 | 150.85 | 300.00 | 1550.0 | 50.0 | -166.67 | -303.7 | -66.67 | 4.25 | -74.72 | -99.87 |
| 22Q2 (11) | -0.47 | -230.56 | -2250.0 | 4.71 | -20.57 | 100.35 | -33.73 | -385.32 | 99.56 | -185.72 | -698.13 | 93.31 | -201.48 | -809.44 | 90.42 | -3.38 | -233.6 | -1777.78 | -2.53 | -231.09 | -1388.24 | 0.01 | -85.71 | 0 | -175.00 | -637.8 | 0 | 32.77 | 6.12 | 247.88 | 18.18 | 178.79 | -93.94 | 81.82 | -33.52 | 140.91 | 16.81 | 414.07 | -99.49 |
| 22Q1 (10) | 0.36 | -65.05 | 414.29 | 5.93 | -91.02 | -75.62 | -6.95 | -137.77 | 71.52 | 31.05 | -91.96 | -33.7 | 28.40 | -92.35 | -32.45 | 2.53 | -67.19 | 386.54 | 1.93 | -68.97 | 286.0 | 0.07 | 250.0 | 600.0 | 32.54 | -91.64 | -42.15 | 30.88 | -12.6 | 318.43 | -23.08 | -598.46 | 53.85 | 123.08 | 29.05 | -10.49 | 3.27 | -87.59 | -87.47 |
| 21Q4 (9) | 1.03 | 5250.0 | 5250.0 | 66.04 | -98.5 | 104.62 | 18.40 | 101.02 | 100.39 | 386.15 | 173.37 | 135.81 | 371.03 | 119.14 | 143.82 | 7.71 | 4635.29 | 4383.33 | 6.22 | 4246.67 | 3555.56 | 0.02 | 0 | 0 | 389.29 | 0 | 0 | 35.33 | 201.45 | 631.47 | 4.63 | -97.69 | -98.93 | 95.37 | 195.37 | 128.61 | 26.34 | -99.21 | -98.48 |
| 21Q3 (8) | -0.02 | 0.0 | -106.9 | 4416.67 | 430.16 | 18426.3 | -1798.25 | 76.73 | -10051.58 | -526.32 | 81.04 | -3221.71 | -1938.60 | 7.84 | -11687.57 | -0.17 | 5.56 | -107.52 | -0.15 | 11.76 | -106.73 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 11.72 | 24.42 | 955.86 | 200.00 | -33.33 | 87.1 | -100.00 | 50.0 | -1350.0 | 3343.86 | 2.23 | 144031.9 |
| 21Q2 (7) | -0.02 | -128.57 | -105.0 | -1337.72 | -5600.49 | -4913.67 | -7727.19 | -31568.81 | -1309593.22 | -2775.44 | -6026.63 | -1875.15 | -2103.51 | -5103.59 | -1445.39 | -0.18 | -134.62 | -105.57 | -0.17 | -134.0 | -105.4 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 9.42 | 27.64 | 881.25 | 300.00 | 700.0 | 0 | -200.00 | -245.45 | -300.0 | 3271.05 | 12432.76 | 0 |
| 21Q1 (6) | 0.07 | 450.0 | 113.46 | 24.32 | 101.7 | 1281.82 | -24.40 | 99.48 | 30.05 | 46.83 | 104.34 | 118.67 | 42.04 | 104.97 | 116.73 | 0.52 | 388.89 | 112.65 | 0.50 | 377.78 | 112.56 | 0.01 | 0 | -50.0 | 56.25 | 0 | 122.5 | 7.38 | 52.8 | 95.76 | -50.00 | -111.54 | -464.29 | 137.50 | 141.25 | 59.37 | 26.10 | -98.49 | 0 |
| 20Q4 (5) | -0.02 | -106.9 | 95.56 | -1428.47 | -6091.9 | -1457.09 | -4737.01 | -26314.78 | -3972.05 | -1078.29 | -6495.55 | -737.05 | -846.62 | -5160.49 | -746.62 | -0.18 | -107.96 | 94.71 | -0.18 | -108.07 | 94.56 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 4.83 | 335.14 | 59.93 | 433.33 | 305.38 | 384.31 | -333.33 | -4733.33 | -3266.67 | 1727.40 | 74356.9 | 0 |
| 20Q3 (4) | 0.29 | -27.5 | 0.0 | 23.84 | -14.21 | 0.0 | 18.07 | 3162.71 | 0.0 | 16.86 | -89.22 | 0.0 | 16.73 | -89.3 | 0.0 | 2.26 | -30.03 | 0.0 | 2.23 | -29.21 | 0.0 | 0.13 | 550.0 | 0.0 | 17.34 | -89.0 | 0.0 | 1.11 | 15.63 | 0.0 | 106.90 | 0 | 0.0 | -6.90 | -106.9 | 0.0 | 2.32 | 0 | 0.0 |
| 20Q2 (3) | 0.40 | 176.92 | 0.0 | 27.79 | 1478.98 | 0.0 | -0.59 | 98.31 | 0.0 | 156.35 | 162.35 | 0.0 | 156.35 | 162.22 | 0.0 | 3.23 | 178.59 | 0.0 | 3.15 | 179.15 | 0.0 | 0.02 | 0.0 | 0.0 | 157.69 | 163.08 | 0.0 | 0.96 | -74.54 | 0.0 | -0.00 | -100.0 | 0.0 | 100.00 | 15.91 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.52 | -15.56 | 0.0 | 1.76 | 101.92 | 0.0 | -34.88 | 70.02 | 0.0 | -250.77 | -94.67 | 0.0 | -251.28 | -151.28 | 0.0 | -4.11 | -20.88 | 0.0 | -3.98 | -20.24 | 0.0 | 0.02 | -33.33 | 0.0 | -250.00 | -96.43 | 0.0 | 3.77 | 24.83 | 0.0 | 13.73 | -84.66 | 0.0 | 86.27 | 719.61 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.45 | 0.0 | 0.0 | -91.74 | 0.0 | 0.0 | -116.33 | 0.0 | 0.0 | -128.82 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | -3.40 | 0.0 | 0.0 | -3.31 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | -127.27 | 0.0 | 0.0 | 3.02 | 0.0 | 0.0 | 89.47 | 0.0 | 0.0 | 10.53 | 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) | 0.57 | 0 | 31.84 | 377.36 | 8.66 | 0 | 2.45 | 52.57 | 32.09 | 0 | 29.81 | 0 | 4.29 | 0 | 3.23 | 0 | 0.10 | -23.08 | 36.27 | 0 | 43.05 | 30.57 | 27.69 | -92.88 | 73.85 | 0 | 0.00 | 0 | 9.00 | 28.21 |
| 2022 (9) | -0.12 | 0 | 6.67 | -88.6 | -14.27 | 0 | 1.61 | -76.44 | -3.63 | 0 | -4.94 | 0 | -0.88 | 0 | -0.54 | 0 | 0.13 | 333.33 | -1.20 | 0 | 32.97 | -6.68 | 388.89 | 0 | -288.89 | 0 | 0.00 | 0 | 7.02 | -83.73 |
| 2021 (8) | 1.05 | 600.0 | 58.50 | 187.05 | -21.74 | 0 | 6.82 | 273.3 | 252.63 | 3598.83 | 239.42 | 3335.01 | 7.88 | 562.18 | 6.53 | 467.83 | 0.03 | -81.25 | 261.36 | 2911.06 | 35.33 | 631.47 | -8.93 | 0 | 108.93 | 308.48 | 0.00 | 0 | 43.15 | 472.28 |
| 2020 (7) | 0.15 | 0 | 20.38 | 0 | 4.84 | 0 | 1.83 | -83.56 | 6.83 | 0 | 6.97 | 0 | 1.19 | 0 | 1.15 | 0 | 0.16 | 433.33 | 8.68 | 0 | 4.83 | 123.61 | 73.33 | -54.79 | 26.67 | 0 | 0.00 | 0 | 7.54 | -76.6 |
| 2019 (6) | -0.46 | 0 | -89.72 | 0 | -162.60 | 0 | 11.11 | -37.78 | -100.50 | 0 | -101.47 | 0 | -3.49 | 0 | -3.43 | 0 | 0.03 | 50.0 | -88.89 | 0 | 2.16 | 48.97 | 162.22 | 0 | -62.22 | 0 | 0.00 | 0 | 32.22 | -56.04 |
| 2018 (5) | 3.74 | 0 | -1.69 | 0 | -144.68 | 0 | 17.86 | 63.27 | 1187.75 | 0 | 1185.55 | 0 | 29.01 | 0 | 24.81 | 0 | 0.02 | -60.0 | 1217.86 | 0 | 1.45 | -96.14 | -12.20 | 0 | 112.20 | 0 | 0.00 | 0 | 73.29 | 88.26 |
| 2017 (4) | -0.30 | 0 | -3.99 | 0 | -65.19 | 0 | 10.94 | -17.19 | -39.92 | 0 | -41.88 | 0 | -2.70 | 0 | -2.12 | 0 | 0.05 | 0.0 | -26.56 | 0 | 37.57 | 116.29 | 161.54 | -52.49 | -61.54 | 0 | 0.00 | 0 | 38.93 | -24.02 |
| 2016 (3) | -0.12 | 0 | -9.85 | 0 | -64.65 | 0 | 13.21 | 366.67 | -18.90 | 0 | -20.08 | 0 | -1.06 | 0 | -0.92 | 0 | 0.05 | -80.77 | -1.89 | 0 | 17.37 | 32.8 | 340.00 | 299.13 | -240.00 | 0 | 0.00 | 0 | 51.24 | 398.44 |
| 2015 (2) | 0.62 | 0 | 30.03 | 0 | 14.50 | 0 | 2.83 | -17.57 | 17.11 | 0 | 17.06 | 0 | 5.52 | 0 | 4.50 | 0 | 0.26 | 36.84 | 20.13 | 0 | 13.08 | -63.0 | 85.19 | -33.91 | 14.81 | 0 | 0.00 | 0 | 10.28 | -54.37 |
| 2014 (1) | -0.54 | 0 | -8.51 | 0 | -24.99 | 0 | 3.43 | 27.04 | -19.07 | 0 | -20.08 | 0 | -4.80 | 0 | -3.78 | 0 | 0.19 | -29.63 | -15.02 | 0 | 35.35 | 125.45 | 128.89 | 128.03 | -31.11 | 0 | 0.00 | 0 | 22.53 | 41.08 |
