- 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) | 0.16 | -11.11 | -27.27 | 15.48 | -17.53 | -2.64 | 7.39 | -36.24 | -14.86 | 9.04 | -28.42 | -22.27 | 9.04 | 4.15 | -22.27 | 0.90 | -10.0 | -32.33 | 0.65 | -7.14 | -20.73 | 0.05 | 0.0 | 0.0 | 20.23 | -8.83 | -6.04 | 117.21 | -4.65 | -7.5 | 83.87 | -8.67 | 12.7 | 19.35 | 137.1 | -24.34 | 10.38 | 9.96 | 6.79 |
| 24Q2 (19) | 0.18 | 0 | -89.53 | 18.77 | 34.65 | 233.99 | 11.59 | 129.5 | 597.42 | 12.63 | 12730.0 | -86.45 | 8.68 | 8780.0 | -91.1 | 1.00 | 10100.0 | -90.58 | 0.70 | 204.35 | -85.2 | 0.05 | 0.0 | 0.0 | 22.19 | 117.55 | -78.69 | 122.93 | 3.12 | -7.14 | 91.84 | 0 | 3716.07 | 8.16 | 0 | -92.04 | 9.44 | -7.27 | -15.71 |
| 24Q1 (18) | 0.00 | 0 | -100.0 | 13.94 | -11.83 | -17.56 | 5.05 | -34.67 | -45.05 | -0.10 | -117.24 | -100.82 | -0.10 | 16.67 | -100.71 | -0.01 | 0.0 | -100.48 | 0.23 | -4.17 | -78.5 | 0.05 | 25.0 | -16.67 | 10.20 | -15.49 | -49.93 | 119.21 | 0.52 | -15.36 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 10.18 | -24.03 | 23.84 |
| 23Q4 (17) | 0.00 | -100.0 | -100.0 | 15.81 | -0.57 | -7.6 | 7.73 | -10.94 | -15.89 | 0.58 | -95.01 | -88.09 | -0.12 | -101.03 | -102.46 | -0.01 | -100.75 | -101.02 | 0.24 | -70.73 | -60.66 | 0.04 | -20.0 | -50.0 | 12.07 | -43.94 | 5.69 | 118.59 | -6.42 | -24.87 | 1250.00 | 1579.69 | 550.0 | -1150.00 | -4595.45 | -1200.0 | 13.40 | 37.86 | 61.84 |
| 23Q3 (16) | 0.22 | -87.21 | -15.38 | 15.90 | 182.92 | -0.62 | 8.68 | 472.53 | 17.93 | 11.63 | -87.52 | 37.8 | 11.63 | -88.08 | 36.34 | 1.33 | -87.48 | -33.5 | 0.82 | -82.66 | -19.61 | 0.05 | 0.0 | -44.44 | 21.53 | -79.33 | 45.97 | 126.72 | -4.28 | -27.04 | 74.42 | 3030.23 | -15.66 | 25.58 | -75.05 | 86.38 | 9.72 | -13.21 | 57.28 |
| 23Q2 (15) | 1.72 | 473.33 | 1046.67 | 5.62 | -66.77 | -60.73 | -2.33 | -125.35 | -149.16 | 93.19 | 665.74 | 1395.83 | 97.56 | 594.38 | 1866.94 | 10.62 | 413.04 | 865.45 | 4.73 | 342.06 | 662.9 | 0.05 | -16.67 | -44.44 | 104.14 | 411.24 | 826.51 | 132.38 | -6.01 | -19.47 | -2.54 | -103.37 | -103.42 | 102.54 | 318.05 | 344.34 | 11.20 | 36.25 | 79.2 |
| 23Q1 (14) | 0.30 | 130.77 | 2900.0 | 16.91 | -1.17 | 56.86 | 9.19 | 0.0 | 185.4 | 12.17 | 149.9 | 1801.56 | 14.05 | 188.5 | 2095.31 | 2.07 | 111.22 | 1970.0 | 1.07 | 75.41 | 435.0 | 0.06 | -25.0 | 0.0 | 20.37 | 78.37 | 188.94 | 140.85 | -10.76 | -6.09 | 75.47 | -60.75 | -83.83 | 24.53 | 127.73 | 106.69 | 8.22 | -0.72 | 0.12 |
| 22Q4 (13) | 0.13 | -50.0 | 316.67 | 17.11 | 6.94 | 41.64 | 9.19 | 24.86 | 48.95 | 4.87 | -42.3 | 164.67 | 4.87 | -42.91 | 250.31 | 0.98 | -51.0 | 322.73 | 0.61 | -40.2 | 3150.0 | 0.08 | -11.11 | 33.33 | 11.42 | -22.58 | 27.88 | 157.84 | -9.13 | 7.57 | 192.31 | 117.95 | -46.15 | -88.46 | -744.51 | 63.57 | 8.28 | 33.98 | -13.21 |
| 22Q3 (12) | 0.26 | 73.33 | 0.0 | 16.00 | 11.81 | 2.96 | 7.36 | 55.27 | -23.49 | 8.44 | 35.47 | -22.64 | 8.53 | 71.98 | -21.81 | 2.00 | 81.82 | 13.64 | 1.02 | 64.52 | 13.33 | 0.09 | 0.0 | 28.57 | 14.75 | 31.23 | -11.52 | 173.69 | 5.66 | 22.99 | 88.24 | 18.66 | -0.5 | 13.73 | -40.52 | 21.24 | 6.18 | -1.12 | -16.26 |
| 22Q2 (11) | 0.15 | 1400.0 | 114.29 | 14.31 | 32.75 | 10.5 | 4.74 | 47.2 | -34.8 | 6.23 | 873.44 | 62.66 | 4.96 | 675.0 | 29.5 | 1.10 | 1000.0 | 120.0 | 0.62 | 210.0 | 67.57 | 0.09 | 50.0 | 50.0 | 11.24 | 59.43 | 4.07 | 164.38 | 9.6 | 23.6 | 74.36 | -84.07 | -60.16 | 23.08 | 106.29 | 126.63 | 6.25 | -23.87 | -31.77 |
| 22Q1 (10) | 0.01 | 116.67 | 116.67 | 10.78 | -10.76 | 46.47 | 3.22 | -47.81 | 412.62 | 0.64 | -65.22 | 113.82 | 0.64 | 119.75 | 113.82 | 0.10 | 122.73 | 122.22 | 0.20 | 1100.0 | 766.67 | 0.06 | 0.0 | 50.0 | 7.05 | -21.05 | 37.96 | 149.98 | 2.21 | 9.49 | 466.67 | 30.67 | 1922.22 | -366.67 | -50.98 | -576.67 | 8.21 | -13.94 | -32.26 |
| 21Q4 (9) | -0.06 | -123.08 | 14.29 | 12.08 | -22.27 | 73.07 | 6.17 | -35.86 | 1145.76 | 1.84 | -83.13 | 143.91 | -3.24 | -129.7 | 31.93 | -0.44 | -125.0 | 20.0 | -0.02 | -102.22 | 71.43 | 0.06 | -14.29 | 20.0 | 8.93 | -46.43 | 92.46 | 146.73 | 3.9 | 4.56 | 357.14 | 302.74 | 2221.43 | -242.86 | -2245.24 | -387.01 | 9.54 | 29.27 | -22.56 |
| 21Q3 (8) | 0.26 | 271.43 | -27.78 | 15.54 | 20.0 | -14.76 | 9.62 | 32.32 | 10.45 | 10.91 | 184.86 | -65.33 | 10.91 | 184.86 | -65.33 | 1.76 | 252.0 | -41.14 | 0.90 | 143.24 | -39.19 | 0.07 | 16.67 | 75.0 | 16.67 | 54.35 | -59.64 | 141.22 | 6.19 | 10.67 | 88.68 | -52.49 | 219.25 | 11.32 | 113.06 | -84.33 | 7.38 | -19.43 | -51.95 |
| 21Q2 (7) | 0.07 | 216.67 | 158.33 | 12.95 | 75.95 | 427.02 | 7.27 | 805.83 | 153.1 | 3.83 | 182.72 | 134.07 | 3.83 | 182.72 | 134.07 | 0.50 | 211.11 | 147.17 | 0.37 | 1333.33 | 208.82 | 0.06 | 50.0 | 50.0 | 10.80 | 111.35 | 2500.0 | 132.99 | -2.91 | 15.24 | 186.67 | 708.89 | 55.56 | -86.67 | -212.67 | -333.33 | 9.16 | -24.42 | 0 |
| 21Q1 (6) | -0.06 | 14.29 | 81.82 | 7.36 | 5.44 | 148.2 | -1.03 | -74.58 | 96.17 | -4.63 | -10.5 | 85.2 | -4.63 | 2.73 | 85.2 | -0.45 | 18.18 | 83.99 | -0.03 | 57.14 | 97.37 | 0.04 | -20.0 | 0.0 | 5.11 | 10.13 | 125.67 | 136.98 | -2.39 | 12.56 | 23.08 | 50.0 | -73.28 | 76.92 | -9.09 | 464.1 | 12.12 | -1.62 | 0 |
| 20Q4 (5) | -0.07 | -119.44 | 75.86 | 6.98 | -61.71 | 155.13 | -0.59 | -106.77 | 97.57 | -4.19 | -113.31 | 85.26 | -4.76 | -115.13 | 83.25 | -0.55 | -118.39 | 76.89 | -0.07 | -104.73 | 92.55 | 0.05 | 25.0 | 25.0 | 4.64 | -88.77 | 130.23 | 140.33 | 9.98 | 26.28 | 15.38 | -44.62 | -82.1 | 84.62 | 17.16 | 502.88 | 12.32 | -19.79 | 0 |
| 20Q3 (4) | 0.36 | 400.0 | 0.0 | 18.23 | 560.35 | 0.0 | 8.71 | 163.62 | 0.0 | 31.47 | 379.98 | 0.0 | 31.47 | 379.98 | 0.0 | 2.99 | 382.08 | 0.0 | 1.48 | 535.29 | 0.0 | 0.04 | 0.0 | 0.0 | 41.30 | 9277.78 | 0.0 | 127.60 | 10.57 | 0.0 | 27.78 | -76.85 | 0.0 | 72.22 | 461.11 | 0.0 | 15.36 | 0 | 0.0 |
| 20Q2 (3) | -0.12 | 63.64 | 0.0 | -3.96 | 74.07 | 0.0 | -13.69 | 49.09 | 0.0 | -11.24 | 64.08 | 0.0 | -11.24 | 64.08 | 0.0 | -1.06 | 62.28 | 0.0 | -0.34 | 70.18 | 0.0 | 0.04 | 0.0 | 0.0 | -0.45 | 97.74 | 0.0 | 115.40 | -5.18 | 0.0 | 120.00 | 38.95 | 0.0 | -20.00 | -246.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.33 | -13.79 | 0.0 | -15.27 | -20.62 | 0.0 | -26.89 | -10.98 | 0.0 | -31.29 | -10.1 | 0.0 | -31.29 | -10.1 | 0.0 | -2.81 | -18.07 | 0.0 | -1.14 | -21.28 | 0.0 | 0.04 | 0.0 | 0.0 | -19.91 | -29.71 | 0.0 | 121.70 | 9.51 | 0.0 | 86.36 | 0.46 | 0.0 | 13.64 | -2.84 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.29 | 0.0 | 0.0 | -12.66 | 0.0 | 0.0 | -24.23 | 0.0 | 0.0 | -28.42 | 0.0 | 0.0 | -28.42 | 0.0 | 0.0 | -2.38 | 0.0 | 0.0 | -0.94 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | -15.35 | 0.0 | 0.0 | 111.13 | 0.0 | 0.0 | 85.96 | 0.0 | 0.0 | 14.04 | 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) | 2.24 | 300.0 | 13.80 | -6.5 | 6.07 | -2.88 | 3.97 | 57.2 | 28.23 | 422.78 | 29.64 | 485.77 | 13.82 | 256.19 | 6.81 | 184.94 | 0.20 | -33.33 | 38.22 | 234.68 | 118.59 | -24.87 | 21.60 | -81.22 | 78.64 | 0 | 0.00 | 0 | 10.44 | 46.63 |
| 2022 (9) | 0.56 | 166.67 | 14.76 | 17.61 | 6.25 | 0.0 | 2.53 | -27.42 | 5.40 | 33.66 | 5.06 | 86.03 | 3.88 | 163.95 | 2.39 | 91.2 | 0.30 | 36.36 | 11.42 | 2.42 | 157.84 | 7.57 | 115.00 | -25.31 | -15.83 | 0 | 0.00 | 0 | 7.12 | -22.78 |
| 2021 (8) | 0.21 | 0 | 12.55 | 448.03 | 6.25 | 0 | 3.48 | -40.13 | 4.04 | 0 | 2.72 | 0 | 1.47 | 0 | 1.25 | 0 | 0.22 | 37.5 | 11.15 | 62.77 | 146.73 | 4.56 | 153.97 | -30.83 | -53.97 | 0 | 0.00 | 0 | 9.22 | -36.63 |
| 2020 (7) | -0.16 | 0 | 2.29 | 0 | -7.13 | 0 | 5.82 | 5.41 | -3.23 | 0 | -3.41 | 0 | -1.26 | 0 | 0.00 | 0 | 0.16 | -27.27 | 6.85 | 0 | 140.33 | 26.28 | 222.58 | 124.39 | -122.58 | 0 | 0.00 | 0 | 14.55 | 11.84 |
| 2019 (6) | -0.62 | 0 | -0.38 | 0 | -10.79 | 0 | 5.52 | -13.39 | -10.87 | 0 | -10.87 | 0 | -5.16 | 0 | -1.69 | 0 | 0.22 | -15.38 | -1.40 | 0 | 111.13 | -8.23 | 99.19 | -15.32 | 0.81 | 0 | 0.00 | 0 | 13.01 | 21.14 |
| 2018 (5) | -0.88 | 0 | -1.52 | 0 | -11.62 | 0 | 6.37 | -10.12 | -9.91 | 0 | -12.48 | 0 | -7.03 | 0 | -2.66 | 0 | 0.26 | 13.04 | -0.50 | 0 | 121.10 | 15.47 | 117.14 | 80.53 | -17.14 | 0 | 0.00 | 0 | 10.74 | -10.65 |
| 2017 (4) | -1.02 | 0 | -2.15 | 0 | -11.49 | 0 | 7.09 | -7.05 | -17.68 | 0 | -17.68 | 0 | -7.88 | 0 | -3.50 | 0 | 0.23 | 15.0 | -7.32 | 0 | 104.88 | 35.03 | 64.89 | -4.31 | 35.11 | 9.07 | 0.00 | 0 | 12.02 | -10.1 |
| 2016 (3) | -0.59 | 0 | 1.38 | 0 | -8.80 | 0 | 7.62 | -22.07 | -12.95 | 0 | -12.95 | 0 | -4.46 | 0 | -2.13 | 0 | 0.20 | -13.04 | -2.39 | 0 | 77.67 | 23.82 | 67.81 | 0 | 32.19 | -84.13 | 0.00 | 0 | 13.37 | 3.64 |
| 2015 (2) | 0.68 | 0 | -6.41 | 0 | -17.07 | 0 | 9.78 | 11.2 | 16.62 | 0 | 15.03 | 0 | 5.24 | 0 | 3.87 | 0 | 0.23 | -20.69 | 28.79 | 0 | 62.73 | 44.04 | -102.90 | 0 | 202.90 | 4566.67 | 0.00 | 0 | 12.90 | 17.38 |
| 2014 (1) | -1.34 | 0 | -6.72 | 0 | -16.28 | 0 | 8.80 | -49.73 | -17.02 | 0 | -24.76 | 0 | -9.53 | 0 | -7.07 | 0 | 0.29 | 31.82 | -7.39 | 0 | 43.55 | 115.06 | 95.65 | 0 | 4.35 | -95.94 | 0.00 | 0 | 10.99 | -28.54 |
