- 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) | -0.39 | -56.0 | 35.0 | 1.17 | -79.9 | -69.21 | -49.55 | -18.68 | -122.9 | -72.47 | -49.64 | -11.84 | -72.47 | -49.3 | -11.84 | -10.79 | -66.77 | 20.95 | -7.52 | -61.37 | 8.07 | 0.10 | 0.0 | -23.08 | -62.07 | -73.82 | -19.37 | 46.55 | 18.21 | -29.45 | 66.67 | -27.78 | 93.94 | 33.33 | 116.67 | -49.21 | 41.46 | 18.22 | 61.32 |
| 24Q2 (19) | -0.25 | 30.56 | -196.15 | 5.82 | -16.5 | -66.1 | -41.75 | 54.67 | -134.55 | -48.43 | 53.85 | -237.59 | -48.54 | 53.75 | -237.9 | -6.47 | 28.43 | -180.57 | -4.66 | 25.2 | -198.31 | 0.10 | 66.67 | -23.08 | -35.71 | 57.15 | -176.91 | 39.38 | 7.39 | -40.2 | 92.31 | 3.17 | 284.62 | 15.38 | 46.15 | -89.74 | 35.07 | -41.78 | 27.25 |
| 24Q1 (18) | -0.36 | -500.0 | 0.0 | 6.97 | 239.68 | -51.12 | -92.11 | -56.33 | -282.83 | -104.95 | -1452.51 | -337.47 | -104.95 | -1243.79 | -337.47 | -9.04 | -623.2 | -8.92 | -6.23 | -802.9 | -85.97 | 0.06 | -40.0 | -57.14 | -83.33 | -850.05 | -636.13 | 36.67 | -29.13 | -54.62 | 89.47 | -91.48 | -10.53 | 10.53 | 101.11 | 0 | 60.24 | 38.9 | 101.88 |
| 23Q4 (17) | -0.06 | 90.0 | 0 | -4.99 | -231.32 | -150.97 | -58.92 | -165.05 | -365.04 | -6.76 | 89.57 | -7411.11 | -7.81 | 87.95 | -8577.78 | -1.25 | 90.84 | -1036.36 | -0.69 | 91.56 | -675.0 | 0.10 | -23.08 | -61.54 | 11.11 | 121.37 | 31.79 | 51.74 | -21.58 | -86.35 | 1050.00 | 2954.55 | 0 | -950.00 | -1547.62 | 0 | 43.37 | 68.75 | 121.73 |
| 23Q3 (16) | -0.60 | -330.77 | -275.0 | 3.80 | -77.87 | -77.62 | -22.23 | -24.89 | -265.02 | -64.80 | -284.09 | -886.3 | -64.80 | -284.09 | -886.3 | -13.65 | -269.99 | -67.07 | -8.18 | -272.57 | -438.16 | 0.13 | 0.0 | -48.0 | -52.00 | -212.0 | -4506.78 | 65.98 | 0.2 | -83.44 | 34.38 | 168.75 | -58.75 | 65.62 | -56.25 | 0 | 25.70 | -6.75 | 22.21 |
| 23Q2 (15) | 0.26 | 172.22 | -10.34 | 17.17 | 20.41 | 14.85 | -17.80 | 26.02 | -10.7 | 35.20 | 246.73 | 125.35 | 35.20 | 246.73 | 125.35 | 8.03 | 196.75 | -58.11 | 4.74 | 241.49 | 61.22 | 0.13 | -7.14 | -27.78 | 46.43 | 510.16 | 100.04 | 65.85 | -18.5 | -82.97 | -50.00 | -150.0 | 50.0 | 150.00 | 0 | -25.0 | 27.56 | -7.64 | -8.74 |
| 23Q1 (14) | -0.36 | 0 | 68.97 | 14.26 | 45.66 | -25.26 | -24.06 | -89.9 | -9.86 | -23.99 | -26555.56 | 51.75 | -23.99 | -26555.56 | 51.75 | -8.30 | -7445.45 | 92.4 | -3.35 | -2891.67 | 66.2 | 0.14 | -46.15 | -30.0 | -11.32 | -234.28 | 65.48 | 80.80 | -78.69 | -93.39 | 100.00 | 0 | 138.46 | -0.00 | 0 | -100.0 | 29.84 | 52.56 | 10.85 |
| 22Q4 (13) | 0.00 | 100.0 | 100.0 | 9.79 | -42.34 | -20.02 | -12.67 | -108.05 | 34.83 | -0.09 | 98.63 | 99.93 | -0.09 | 98.63 | 99.93 | -0.11 | 98.65 | 99.91 | 0.12 | 107.89 | 100.48 | 0.26 | 4.0 | 30.0 | 8.43 | 614.41 | 107.78 | 379.18 | -4.82 | -54.0 | 0.00 | -100.0 | -100.0 | 0.00 | 0 | -100.0 | 19.56 | -6.99 | -14.51 |
| 22Q3 (12) | -0.16 | -155.17 | 76.12 | 16.98 | 13.58 | 59.74 | -6.09 | 62.13 | 81.29 | -6.57 | -142.06 | 77.53 | -6.57 | -142.06 | 77.53 | -8.17 | -142.62 | 42.34 | -1.52 | -151.7 | 64.57 | 0.25 | 38.89 | 66.67 | 1.18 | -94.92 | 110.28 | 398.38 | 3.06 | 68.35 | 83.33 | 183.33 | -25.0 | -0.00 | -100.0 | 100.0 | 21.03 | -30.36 | -31.72 |
| 22Q2 (11) | 0.29 | 125.0 | 158.0 | 14.95 | -21.65 | 34.81 | -16.08 | 26.58 | 34.98 | 15.62 | 131.42 | 184.02 | 15.62 | 131.42 | 184.02 | 19.17 | 117.54 | 306.35 | 2.94 | 129.67 | 195.45 | 0.18 | -10.0 | 5.88 | 23.21 | 170.78 | 934.89 | 386.56 | -68.37 | 89.0 | -100.00 | -338.46 | -172.22 | 200.00 | 264.71 | 750.0 | 30.20 | 12.18 | 20.56 |
| 22Q1 (10) | -1.16 | 65.06 | -81.25 | 19.08 | 55.88 | 62.8 | -21.90 | -12.65 | 30.94 | -49.72 | 59.25 | -81.53 | -49.72 | 59.25 | -81.53 | -109.27 | 6.57 | -957.79 | -9.91 | 59.98 | -168.56 | 0.20 | 0.0 | 42.86 | -32.79 | 69.73 | -299.88 | 1222.13 | 48.26 | 572.42 | 41.94 | 163.59 | -62.48 | 54.84 | -34.79 | 410.75 | 26.92 | 17.66 | -10.59 |
| 21Q4 (9) | -3.32 | -395.52 | -38.91 | 12.24 | 15.15 | 26.97 | -19.44 | 40.28 | 25.83 | -122.00 | -317.24 | -83.9 | -122.00 | -317.24 | -83.9 | -116.96 | -725.41 | -298.23 | -24.76 | -477.16 | -120.68 | 0.20 | 33.33 | 17.65 | -108.33 | -843.64 | -111.25 | 824.32 | 248.34 | 399.62 | 15.91 | -85.68 | -58.64 | 84.09 | 856.82 | 41.06 | 22.88 | -25.71 | 1.6 |
| 21Q3 (8) | -0.67 | -34.0 | 57.32 | 10.63 | -4.15 | -28.99 | -32.55 | -31.62 | -17.09 | -29.24 | -57.29 | 41.31 | -29.24 | -57.29 | 41.31 | -14.17 | -52.53 | 19.53 | -4.29 | -39.29 | 38.36 | 0.15 | -11.76 | 7.14 | -11.48 | -312.95 | 65.04 | 236.64 | 15.7 | 53.39 | 111.11 | -19.75 | 98.83 | -11.11 | 63.89 | -125.19 | 30.80 | 22.95 | 11.59 |
| 21Q2 (7) | -0.50 | 21.88 | -257.14 | 11.09 | -5.38 | -28.59 | -24.73 | 22.01 | -4.74 | -18.59 | 32.13 | -114.17 | -18.59 | 32.13 | -83.7 | -9.29 | 10.07 | -156.63 | -3.08 | 16.53 | -106.71 | 0.17 | 21.43 | 6.25 | -2.78 | 66.1 | -141.68 | 204.53 | 12.53 | 41.03 | 138.46 | 23.89 | -46.15 | -30.77 | -74.36 | 80.42 | 25.05 | -16.81 | -4.17 |
| 21Q1 (6) | -0.64 | 73.22 | -144.76 | 11.72 | 21.58 | 27.39 | -31.71 | -20.98 | 35.36 | -27.39 | 58.71 | -118.84 | -27.39 | 58.71 | -118.84 | -10.33 | 64.83 | -123.31 | -3.69 | 67.11 | -131.17 | 0.14 | -17.65 | 75.0 | -8.20 | 84.01 | -104.9 | 181.75 | 10.16 | 65.38 | 111.76 | 190.59 | 435.29 | -17.65 | -129.6 | -113.24 | 30.11 | 33.7 | -19.64 |
| 20Q4 (5) | -2.39 | -52.23 | -57.24 | 9.64 | -35.6 | -35.43 | -26.21 | 5.72 | 36.14 | -66.34 | -33.16 | 27.53 | -66.34 | -33.16 | 32.94 | -29.37 | -66.78 | 34.38 | -11.22 | -61.21 | -44.22 | 0.17 | 21.43 | 112.5 | -51.28 | -56.15 | 30.0 | 164.99 | 6.95 | -69.36 | 38.46 | -31.17 | -13.19 | 59.62 | 35.13 | 9.53 | 22.52 | -18.41 | 0 |
| 20Q3 (4) | -1.57 | -1021.43 | 0.0 | 14.97 | -3.61 | 0.0 | -27.80 | -17.75 | 0.0 | -49.82 | -473.96 | 0.0 | -49.82 | -392.29 | 0.0 | -17.61 | -386.46 | 0.0 | -6.96 | -367.11 | 0.0 | 0.14 | -12.5 | 0.0 | -32.84 | -592.35 | 0.0 | 154.27 | 6.37 | 0.0 | 55.88 | -78.27 | 0.0 | 44.12 | 128.07 | 0.0 | 27.60 | 5.59 | 0.0 |
| 20Q2 (3) | -0.14 | -109.79 | 0.0 | 15.53 | 68.8 | 0.0 | -23.61 | 51.88 | 0.0 | -8.68 | -105.97 | 0.0 | -10.12 | -106.96 | 0.0 | -3.62 | -108.17 | 0.0 | -1.49 | -112.58 | 0.0 | 0.16 | 100.0 | 0.0 | 6.67 | -96.01 | 0.0 | 145.03 | 31.97 | 0.0 | 257.14 | 871.43 | 0.0 | -157.14 | -217.86 | 0.0 | 26.14 | -30.24 | 0.0 |
| 20Q1 (2) | 1.43 | 194.08 | 0.0 | 9.20 | -38.38 | 0.0 | -49.06 | -19.54 | 0.0 | 145.38 | 258.82 | 0.0 | 145.38 | 246.97 | 0.0 | 44.32 | 199.02 | 0.0 | 11.84 | 252.19 | 0.0 | 0.08 | 0.0 | 0.0 | 167.27 | 328.32 | 0.0 | 109.90 | -79.59 | 0.0 | -33.33 | -175.24 | 0.0 | 133.33 | 144.96 | 0.0 | 37.47 | 0 | 0.0 |
| 19Q4 (1) | -1.52 | 0.0 | 0.0 | 14.93 | 0.0 | 0.0 | -41.04 | 0.0 | 0.0 | -91.54 | 0.0 | 0.0 | -98.92 | 0.0 | 0.0 | -44.76 | 0.0 | 0.0 | -7.78 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -73.26 | 0.0 | 0.0 | 538.43 | 0.0 | 0.0 | 44.30 | 0.0 | 0.0 | 54.43 | 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) | -0.64 | 0 | 8.87 | -40.63 | -28.21 | 0 | 10.31 | 33.55 | -14.34 | 0 | -14.53 | 0 | -20.25 | 0 | -8.63 | 0 | 0.62 | -34.04 | -1.03 | 0 | 51.74 | -86.35 | 196.43 | 39.57 | -96.43 | 0 | 0.00 | 0 | 30.61 | 29.37 |
| 2022 (9) | -0.88 | 0 | 14.94 | 30.59 | -13.36 | 0 | 7.72 | -44.5 | -9.64 | 0 | -9.64 | 0 | -57.83 | 0 | -8.40 | 0 | 0.94 | 36.23 | 0.35 | 0 | 379.18 | -54.0 | 140.74 | 169.59 | -40.74 | 0 | 0.00 | 0 | 23.66 | -12.18 |
| 2021 (8) | -5.13 | 0 | 11.44 | -8.19 | -26.70 | 0 | 13.91 | -1.56 | -51.05 | 0 | -51.05 | 0 | -131.17 | 0 | -34.67 | 0 | 0.69 | 72.5 | -34.59 | 0 | 824.32 | 399.62 | 52.21 | -93.16 | 47.79 | 0 | 0.00 | 0 | 26.94 | -2.92 |
| 2020 (7) | -0.57 | 0 | 12.46 | -2.66 | -30.48 | 0 | 14.13 | -6.74 | -4.07 | 0 | -4.46 | 0 | -7.74 | 0 | -1.38 | 0 | 0.40 | 17.65 | 12.68 | 0 | 164.99 | -69.36 | 763.64 | 976.73 | -663.64 | 0 | 0.00 | 0 | 27.75 | 9.64 |
| 2019 (6) | -2.63 | 0 | 12.80 | -8.31 | -27.68 | 0 | 15.15 | 6.82 | -38.95 | 0 | -40.71 | 0 | -64.30 | 0 | -12.35 | 0 | 0.34 | 6.25 | -17.36 | 0 | 538.43 | 86.16 | 70.92 | -25.31 | 29.08 | 475.74 | 0.00 | 0 | 25.31 | 3.22 |
| 2018 (5) | -1.77 | 0 | 13.96 | -17.35 | -22.24 | 0 | 14.18 | 28.66 | -23.48 | 0 | -23.48 | 0 | -26.93 | 0 | -6.59 | 0 | 0.32 | -25.58 | -4.73 | 0 | 289.23 | 27.9 | 94.95 | 118.24 | 5.05 | -91.06 | 0.00 | 0 | 24.52 | 30.22 |
| 2017 (4) | -1.85 | 0 | 16.89 | -3.26 | -10.42 | 0 | 11.02 | -4.96 | -23.87 | 0 | -23.88 | 0 | -30.43 | 0 | -9.26 | 0 | 0.43 | 4.88 | -9.47 | 0 | 226.13 | 30.91 | 43.51 | -44.29 | 56.49 | 169.63 | 0.00 | 0 | 18.83 | -3.49 |
| 2016 (3) | -1.28 | 0 | 17.46 | 16.79 | -12.10 | 0 | 11.60 | 99.85 | -15.37 | 0 | -15.65 | 0 | -16.00 | 0 | -5.57 | 0 | 0.41 | 0.0 | -0.44 | 0 | 172.74 | 36.14 | 78.10 | -43.77 | 20.95 | 0 | 0.00 | 0 | 19.51 | 9.55 |
| 2015 (2) | -0.65 | 0 | 14.95 | 7.94 | -9.95 | 0 | 5.80 | -17.59 | -7.19 | 0 | -7.19 | 0 | -6.99 | 0 | -1.96 | 0 | 0.41 | 2.5 | 2.11 | -46.31 | 126.88 | -16.23 | 138.89 | -17.29 | -38.89 | 0 | 0.00 | 0 | 17.81 | 14.68 |
| 2014 (1) | -0.64 | 0 | 13.85 | 0 | -10.33 | 0 | 7.04 | -65.62 | -6.15 | 0 | -6.15 | 0 | -6.40 | 0 | -1.62 | 0 | 0.40 | 25.0 | 3.93 | 0 | 151.47 | -9.34 | 167.92 | 264.75 | -67.92 | 0 | 0.00 | 0 | 15.53 | -16.01 |
