- 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) | -0.05 | 72.22 | 79.17 | 50.38 | -18.53 | -26.95 | 4.79 | 132.92 | 108.4 | 2.95 | 117.53 | 105.55 | 2.95 | 117.46 | 105.54 | 0.75 | 127.17 | 113.99 | 0.68 | 156.2 | 124.37 | 0.13 | 44.44 | 116.67 | 17.37 | 434.46 | 178.74 | 90.39 | 3.02 | 17.47 | 150.00 | 75.0 | 38.46 | -66.67 | -566.67 | -700.0 | 31.66 | -37.07 | -57.13 |
| 24Q2 (19) | -0.18 | 56.1 | 18.18 | 61.84 | 3.97 | 0.78 | -14.55 | 79.84 | 62.57 | -16.83 | 77.8 | 56.1 | -16.90 | 77.73 | 56.05 | -2.76 | 65.76 | 27.18 | -1.21 | 69.52 | 40.1 | 0.09 | 50.0 | 50.0 | 3.25 | 107.19 | 137.36 | 87.74 | 5.71 | 33.69 | 85.71 | -9.43 | -14.29 | 14.29 | 166.67 | 0 | 50.31 | -43.38 | -26.4 |
| 24Q1 (18) | -0.41 | -5.13 | 4.65 | 59.48 | -9.08 | 24.85 | -72.19 | -43.49 | 44.44 | -75.80 | -35.24 | 46.77 | -75.89 | -35.13 | 46.71 | -8.06 | 4.84 | -13.84 | -3.97 | 5.7 | 7.24 | 0.06 | -25.0 | 100.0 | -45.21 | -37.04 | 49.31 | 83.00 | -12.24 | 45.72 | 94.64 | 4.3 | 4.5 | 5.36 | -51.79 | -43.21 | 88.85 | 13.42 | -20.52 |
| 23Q4 (17) | -0.39 | -62.5 | 2.5 | 65.42 | -5.15 | 108.15 | -50.31 | 11.81 | 11.55 | -56.05 | -5.4 | 20.6 | -56.16 | -5.41 | 20.44 | -8.47 | -58.02 | -43.07 | -4.21 | -50.9 | -16.62 | 0.08 | 33.33 | 33.33 | -32.99 | -49.55 | 15.0 | 94.58 | 22.91 | 81.01 | 90.74 | -16.24 | 12.23 | 11.11 | 233.33 | -41.98 | 78.34 | 6.08 | 32.24 |
| 23Q3 (16) | -0.24 | -9.09 | -4.35 | 68.97 | 12.4 | 16.94 | -57.05 | -46.77 | 22.56 | -53.18 | -38.71 | 17.18 | -53.28 | -38.57 | 17.04 | -5.36 | -41.42 | -64.92 | -2.79 | -38.12 | -47.62 | 0.06 | 0.0 | 100.0 | -22.06 | -153.56 | -54.37 | 76.95 | 17.25 | 52.11 | 108.33 | 8.33 | -5.65 | -8.33 | 0 | 43.75 | 73.85 | 8.03 | -17.08 |
| 23Q2 (15) | -0.22 | 48.84 | 4.35 | 61.36 | 28.8 | 12.5 | -38.87 | 70.09 | 64.45 | -38.34 | 73.08 | 65.3 | -38.45 | 73.0 | 65.31 | -3.79 | 46.47 | 16.52 | -2.02 | 52.8 | 28.62 | 0.06 | 100.0 | 100.0 | -8.70 | 90.25 | 83.08 | 65.63 | 15.22 | 36.53 | 100.00 | 10.42 | 2.63 | -0.00 | -100.0 | 0 | 68.36 | -38.85 | -35.82 |
| 23Q1 (14) | -0.43 | -7.5 | -34.37 | 47.64 | 51.57 | 45.87 | -129.94 | -128.45 | 15.72 | -142.41 | -101.74 | 10.0 | -142.41 | -101.74 | 10.0 | -7.08 | -19.59 | -13.46 | -4.28 | -18.56 | -3.13 | 0.03 | -50.0 | 0.0 | -89.19 | -129.81 | 8.18 | 56.96 | 9.01 | 28.81 | 90.57 | 12.02 | -7.76 | 9.43 | -50.73 | 418.87 | 111.79 | 88.71 | 11.94 |
| 22Q4 (13) | -0.40 | -73.91 | -37.93 | 31.43 | -46.71 | -39.31 | -56.88 | 22.79 | 50.35 | -70.59 | -9.94 | 42.84 | -70.59 | -9.92 | 42.84 | -5.92 | -82.15 | -20.82 | -3.61 | -91.01 | -10.06 | 0.06 | 100.0 | 100.0 | -38.81 | -171.59 | 42.56 | 52.25 | 3.28 | 35.47 | 80.85 | -29.58 | -13.51 | 19.15 | 229.26 | 193.62 | 59.24 | -33.48 | -34.05 |
| 22Q3 (12) | -0.23 | 0.0 | 25.81 | 58.98 | 8.14 | 73.01 | -73.67 | 32.62 | 41.87 | -64.21 | 41.89 | 52.46 | -64.22 | 42.06 | 52.45 | -3.25 | 28.41 | 43.48 | -1.89 | 33.22 | 52.03 | 0.03 | 0.0 | 0.0 | -14.29 | 72.21 | 82.85 | 50.59 | 5.24 | 31.4 | 114.81 | 17.84 | 23.48 | -14.81 | 0 | -381.48 | 89.06 | -16.38 | 12.22 |
| 22Q2 (11) | -0.23 | 28.12 | 46.51 | 54.54 | 66.99 | 525.46 | -109.34 | 29.08 | 18.52 | -110.50 | 30.17 | 24.0 | -110.83 | 29.96 | 23.83 | -4.54 | 27.24 | 40.34 | -2.83 | 31.81 | 45.58 | 0.03 | 0.0 | -25.0 | -51.43 | 47.06 | 47.45 | 48.07 | 8.71 | 33.34 | 97.44 | -0.76 | 6.87 | -0.00 | -100.0 | -100.0 | 106.51 | 6.65 | 41.28 |
| 22Q1 (10) | -0.32 | -10.34 | -900.0 | 32.66 | -36.94 | 82.25 | -154.17 | -34.56 | -105.75 | -158.24 | -28.14 | -21198.67 | -158.24 | -28.14 | -45111.43 | -6.24 | -27.35 | -20700.0 | -4.15 | -26.52 | -1829.17 | 0.03 | 0.0 | -57.14 | -97.14 | -43.76 | -404.13 | 44.22 | 14.65 | 1.4 | 98.18 | 5.03 | 101.82 | 1.82 | -72.12 | -99.97 | 99.87 | 11.19 | 111.41 |
| 21Q4 (9) | -0.29 | 6.45 | -93.33 | 51.79 | 51.92 | 25.83 | -114.57 | 9.6 | -709.11 | -123.49 | 8.57 | -435.75 | -123.49 | 8.57 | -402.6 | -4.90 | 14.78 | -73.14 | -3.28 | 16.75 | -98.79 | 0.03 | 0.0 | -62.5 | -67.57 | 18.91 | -1568.91 | 38.57 | 0.18 | -14.44 | 93.48 | 0.53 | 55.8 | 6.52 | 23.91 | -83.7 | 89.82 | 13.18 | 189.84 |
| 21Q3 (8) | -0.31 | 27.91 | 18.42 | 34.09 | 290.94 | 14.09 | -126.73 | 5.56 | 8.85 | -135.06 | 7.11 | 14.25 | -135.06 | 7.18 | 14.25 | -5.75 | 24.44 | 19.47 | -3.94 | 24.23 | 13.41 | 0.03 | -25.0 | 0.0 | -83.33 | 14.86 | 5.92 | 38.50 | 6.8 | -21.36 | 92.98 | 1.98 | 4.37 | 5.26 | -28.42 | -51.75 | 79.36 | 5.27 | -5.61 |
| 21Q2 (7) | -0.43 | -1175.0 | -2.38 | 8.72 | -51.34 | -69.34 | -134.19 | -79.09 | -73.33 | -145.39 | -19485.33 | -65.27 | -145.51 | -41474.29 | -63.48 | -7.61 | -25266.67 | 7.2 | -5.20 | -2266.67 | -2.16 | 0.04 | -42.86 | -33.33 | -97.87 | -406.42 | -90.15 | 36.05 | -17.34 | -23.62 | 91.18 | 101.69 | 5.2 | 7.35 | -99.86 | -36.97 | 75.39 | 59.59 | 0 |
| 21Q1 (6) | 0.04 | 126.67 | 111.11 | 17.92 | -56.46 | -24.26 | -74.93 | -429.17 | -28.9 | 0.75 | 103.25 | 101.22 | -0.35 | 98.58 | 99.43 | -0.03 | 98.94 | 99.57 | 0.24 | 114.55 | 106.05 | 0.07 | -12.5 | 0.0 | 31.94 | 594.35 | 208.31 | 43.61 | -3.26 | -26.1 | -5400.00 | -9100.0 | -5860.0 | 5400.00 | 13400.0 | 86300.0 | 47.24 | 52.44 | 0 |
| 20Q4 (5) | -0.15 | 60.53 | 81.93 | 41.16 | 37.75 | 687.0 | -14.16 | 89.82 | 76.78 | -23.05 | 85.37 | 78.6 | -24.57 | 84.4 | 77.24 | -2.83 | 60.36 | 79.86 | -1.65 | 63.74 | 78.98 | 0.08 | 166.67 | 0.0 | 4.60 | 105.19 | 105.87 | 45.08 | -7.92 | -34.09 | 60.00 | -32.65 | 5.56 | 40.00 | 266.67 | -7.32 | 30.99 | -63.14 | 0 |
| 20Q3 (4) | -0.38 | 9.52 | 0.0 | 29.88 | 5.06 | 0.0 | -139.03 | -79.58 | 0.0 | -157.51 | -79.05 | 0.0 | -157.51 | -76.96 | 0.0 | -7.14 | 12.93 | 0.0 | -4.55 | 10.61 | 0.0 | 0.03 | -50.0 | 0.0 | -88.57 | -72.08 | 0.0 | 48.96 | 3.73 | 0.0 | 89.09 | 2.8 | 0.0 | 10.91 | -6.49 | 0.0 | 84.08 | 0 | 0.0 |
| 20Q2 (3) | -0.42 | -16.67 | 0.0 | 28.44 | 20.2 | 0.0 | -77.42 | -33.18 | 0.0 | -87.97 | -43.13 | 0.0 | -89.01 | -44.83 | 0.0 | -8.20 | -16.98 | 0.0 | -5.09 | -28.21 | 0.0 | 0.06 | -14.29 | 0.0 | -51.47 | -74.53 | 0.0 | 47.20 | -20.01 | 0.0 | 86.67 | -7.56 | 0.0 | 11.67 | 86.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.36 | 56.63 | 0.0 | 23.66 | 352.39 | 0.0 | -58.13 | 4.69 | 0.0 | -61.46 | 42.95 | 0.0 | -61.46 | 43.07 | 0.0 | -7.01 | 50.11 | 0.0 | -3.97 | 49.43 | 0.0 | 0.07 | -12.5 | 0.0 | -29.49 | 62.39 | 0.0 | 59.01 | -13.73 | 0.0 | 93.75 | 64.93 | 0.0 | 6.25 | -85.52 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.83 | 0.0 | 0.0 | 5.23 | 0.0 | 0.0 | -60.99 | 0.0 | 0.0 | -107.73 | 0.0 | 0.0 | -107.95 | 0.0 | 0.0 | -14.05 | 0.0 | 0.0 | -7.85 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -78.41 | 0.0 | 0.0 | 68.40 | 0.0 | 0.0 | 56.84 | 0.0 | 0.0 | 43.16 | 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) | -1.27 | 0 | 62.85 | 47.33 | -59.91 | 0 | 19.49 | -35.41 | -62.55 | 0 | -62.65 | 0 | -24.41 | 0 | -12.97 | 0 | 0.23 | 53.33 | -31.62 | 0 | 94.58 | 81.01 | 95.88 | 0.05 | 4.12 | -1.18 | 12.85 | -10.28 | 79.21 | -5.07 |
| 2022 (9) | -1.41 | 0 | 42.66 | 66.9 | -90.14 | 0 | 30.17 | 0.73 | -94.06 | 0 | -94.13 | 0 | -20.02 | 0 | -12.69 | 0 | 0.15 | -11.76 | -46.93 | 0 | 52.25 | 35.47 | 95.83 | -23.15 | 4.17 | 0 | 14.32 | 0.57 | 83.44 | 21.4 |
| 2021 (8) | -0.99 | 0 | 25.56 | -18.52 | -107.39 | 0 | 29.95 | 18.04 | -86.00 | 0 | -86.43 | 0 | -20.35 | 0 | -13.29 | 0 | 0.17 | -26.09 | -42.13 | 0 | 38.57 | -14.44 | 124.71 | 43.53 | -24.71 | 0 | 14.24 | 12.7 | 68.73 | 53.79 |
| 2020 (7) | -1.30 | 0 | 31.37 | 218.48 | -59.35 | 0 | 25.37 | 28.65 | -68.30 | 0 | -69.06 | 0 | -25.31 | 0 | -15.08 | 0 | 0.23 | -30.3 | -32.09 | 0 | 45.08 | -34.09 | 86.89 | 7.8 | 13.11 | -32.41 | 12.64 | -2.41 | 44.69 | 28.94 |
| 2019 (6) | -2.48 | 0 | 9.85 | -18.53 | -60.00 | 0 | 19.72 | 79.64 | -74.51 | 0 | -83.05 | 0 | -36.08 | 0 | -23.31 | 0 | 0.33 | -8.33 | -45.00 | 0 | 68.40 | 153.62 | 80.60 | 14.41 | 19.40 | -35.0 | 12.95 | -42.76 | 34.66 | 36.03 |
| 2018 (5) | -2.45 | 0 | 12.09 | 24.25 | -56.20 | 0 | 10.98 | -26.68 | -79.99 | 0 | -76.10 | 0 | -33.65 | 0 | -27.06 | 0 | 0.36 | 24.14 | -62.05 | 0 | 26.97 | 26.03 | 70.45 | -28.9 | 29.85 | 4810.45 | 22.62 | 0 | 25.48 | -25.04 |
| 2017 (4) | -3.50 | 0 | 9.73 | 91.54 | -87.13 | 0 | 14.97 | 29.24 | -87.78 | 0 | -87.46 | 0 | -30.07 | 0 | -24.99 | 0 | 0.29 | -3.33 | -64.71 | 0 | 21.40 | 20.22 | 99.09 | 2.01 | 0.61 | -78.8 | 0.00 | 0 | 33.99 | -29.19 |
| 2016 (3) | -3.84 | 0 | 5.08 | 18.69 | -82.52 | 0 | 11.59 | 261.46 | -85.11 | 0 | -84.98 | 0 | -27.82 | 0 | -25.06 | 0 | 0.30 | -47.37 | -67.07 | 0 | 17.80 | 574.24 | 97.13 | -2.87 | 2.87 | 0 | 0.00 | 0 | 48.00 | 62.66 |
| 2015 (2) | -2.34 | 0 | 4.28 | 21.25 | -32.20 | 0 | 3.21 | -19.16 | -32.29 | 0 | -32.32 | 0 | -19.58 | 0 | -18.39 | 0 | 0.57 | 23.91 | -25.85 | 0 | 2.64 | -78.52 | 100.00 | 6.1 | -0.00 | 0 | 0.00 | 0 | 29.51 | -29.27 |
| 2014 (1) | -2.23 | 0 | 3.53 | 0 | -36.28 | 0 | 3.96 | -79.13 | -38.22 | 0 | -45.61 | 0 | -21.19 | 0 | -17.66 | 0 | 0.46 | 31.43 | -31.72 | 0 | 12.29 | -70.92 | 94.25 | 28.26 | 4.60 | -82.66 | 0.00 | 0 | 41.72 | -37.44 |
