- 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) | 0.21 | 148.84 | 175.0 | 33.94 | 17.24 | 28.17 | -6.44 | -300.0 | -37.02 | -0.84 | 64.85 | -141.58 | -0.17 | 93.66 | -120.99 | -0.05 | 95.1 | -114.29 | 0.24 | 400.0 | -35.14 | 0.10 | -23.08 | -23.08 | 7.63 | 86.55 | -5.57 | 183.77 | -10.67 | -15.78 | 800.00 | 966.67 | 455.56 | -700.00 | -2900.0 | -315.38 | 38.70 | 28.74 | 25.61 |
| 24Q2 (19) | -0.43 | 28.33 | 35.82 | 28.95 | 9.2 | 26.92 | -1.61 | 67.47 | 65.67 | -2.39 | 45.93 | 2.05 | -2.68 | 41.48 | 0.0 | -1.02 | 37.8 | 8.93 | -0.08 | 73.33 | -60.0 | 0.13 | 8.33 | 8.33 | 4.09 | 67.62 | 2.76 | 205.73 | 3.71 | -13.56 | 75.00 | -34.37 | -58.33 | 25.00 | 275.0 | 125.0 | 30.06 | 0.77 | 7.13 |
| 24Q1 (18) | -0.60 | -76.47 | 54.55 | 26.51 | -1.23 | -5.15 | -4.95 | -325.0 | -10.74 | -4.42 | -1239.39 | 37.22 | -4.58 | -420.45 | 42.46 | -1.64 | -281.4 | 45.51 | -0.30 | -314.29 | 42.31 | 0.12 | -25.0 | 20.0 | 2.44 | -50.51 | 0 | 198.37 | -1.48 | -22.28 | 114.29 | 122.86 | 85.71 | -14.29 | -102.38 | -137.14 | 29.83 | 19.51 | -8.05 |
| 23Q4 (17) | -0.34 | -21.43 | -183.33 | 26.84 | 1.36 | -15.01 | 2.20 | 146.81 | -69.78 | -0.33 | -116.34 | -112.79 | -0.88 | -208.64 | -161.54 | -0.43 | -222.86 | -161.43 | 0.14 | -62.16 | -68.89 | 0.16 | 23.08 | 33.33 | 4.93 | -38.99 | -40.6 | 201.34 | -7.73 | -32.55 | -500.00 | -122.22 | -276.47 | 600.00 | 84.62 | 427.27 | 24.96 | -18.99 | -0.52 |
| 23Q3 (16) | -0.28 | 58.21 | -500.0 | 26.48 | 16.09 | 1.07 | -4.70 | -0.21 | -616.48 | 2.02 | 182.79 | -62.94 | 0.81 | 130.22 | -81.46 | 0.35 | 131.25 | -85.29 | 0.37 | 840.0 | -54.88 | 0.13 | 8.33 | 0.0 | 8.08 | 103.02 | -23.56 | 218.21 | -8.31 | -28.58 | -225.00 | -225.0 | -1562.5 | 325.00 | 425.0 | 284.09 | 30.81 | 9.8 | 23.44 |
| 23Q2 (15) | -0.67 | 49.24 | -844.44 | 22.81 | -18.39 | 0.84 | -4.69 | -4.92 | -160.56 | -2.44 | 65.34 | -152.25 | -2.68 | 66.33 | -164.27 | -1.12 | 62.79 | -146.09 | -0.05 | 90.38 | -106.17 | 0.12 | 20.0 | -14.29 | 3.98 | 0 | -58.28 | 237.99 | -6.76 | -31.1 | 180.00 | 192.5 | 532.0 | -100.00 | -360.0 | -170.59 | 28.06 | -13.5 | 19.91 |
| 23Q1 (14) | -1.32 | -1000.0 | -2740.0 | 27.95 | -11.49 | 19.5 | -4.47 | -161.4 | -289.41 | -7.04 | -372.87 | -302.3 | -7.96 | -656.64 | -386.33 | -3.01 | -530.0 | -285.8 | -0.52 | -215.56 | -186.67 | 0.10 | -16.67 | -28.57 | 0.00 | -100.0 | -100.0 | 255.25 | -14.49 | -19.79 | 61.54 | -78.28 | 2.56 | 38.46 | 120.98 | 28.21 | 32.44 | 29.29 | 62.28 |
| 22Q4 (13) | -0.12 | -271.43 | -1300.0 | 31.58 | 20.53 | 25.12 | 7.28 | 700.0 | 203.33 | 2.58 | -52.66 | 64.33 | 1.43 | -67.28 | 12.6 | 0.70 | -70.59 | -4.11 | 0.45 | -45.12 | 18.42 | 0.12 | -7.69 | -7.69 | 8.30 | -21.48 | 37.87 | 298.50 | -2.3 | -8.65 | 283.33 | 1741.67 | 88.89 | -183.33 | -316.67 | -266.67 | 25.09 | 0.52 | 16.48 |
| 22Q3 (12) | 0.07 | -22.22 | -30.0 | 26.20 | 15.83 | 29.77 | 0.91 | 150.56 | 152.91 | 5.45 | 16.7 | 51.81 | 4.37 | 4.8 | 46.64 | 2.38 | -2.06 | 27.96 | 0.82 | 1.23 | 26.15 | 0.13 | -7.14 | -7.14 | 10.57 | 10.8 | 36.39 | 305.53 | -11.55 | -11.96 | 15.38 | 136.92 | 130.77 | 84.62 | -40.27 | -43.59 | 24.96 | 6.67 | 22.47 |
| 22Q2 (11) | 0.09 | 80.0 | 400.0 | 22.62 | -3.29 | 11.59 | -1.80 | -176.27 | -4400.0 | 4.67 | 34.2 | 443.02 | 4.17 | 50.0 | 826.67 | 2.43 | 50.0 | 834.62 | 0.81 | 35.0 | 189.29 | 0.14 | 0.0 | 0.0 | 9.54 | 24.06 | 85.96 | 345.41 | 8.54 | 8.83 | -41.67 | -169.44 | 0 | 141.67 | 372.22 | 41.67 | 23.40 | 17.06 | 21.81 |
| 22Q1 (10) | 0.05 | 400.0 | 66.67 | 23.39 | -7.33 | -7.18 | 2.36 | -1.67 | -0.84 | 3.48 | 121.66 | 33.33 | 2.78 | 118.9 | 40.4 | 1.62 | 121.92 | 62.0 | 0.60 | 57.89 | 22.45 | 0.14 | 7.69 | 7.69 | 7.69 | 27.74 | 0.0 | 318.24 | -2.61 | 10.62 | 60.00 | -60.0 | -40.0 | 30.00 | 160.0 | 80.0 | 19.99 | -7.2 | -11.74 |
| 21Q4 (9) | 0.01 | -90.0 | 111.11 | 25.24 | 25.01 | 6.41 | 2.40 | 239.53 | 122.22 | 1.57 | -56.27 | 31.93 | 1.27 | -57.38 | 296.88 | 0.73 | -60.75 | 329.41 | 0.38 | -41.54 | 46.15 | 0.13 | -7.14 | 0.0 | 6.02 | -22.32 | -2.11 | 326.76 | -5.84 | 9.92 | 150.00 | 400.0 | 50.0 | -50.00 | -133.33 | 0 | 21.54 | 5.69 | 0.89 |
| 21Q3 (8) | 0.10 | 433.33 | 147.62 | 20.19 | -0.39 | 13.24 | -1.72 | -4200.0 | 45.57 | 3.59 | 317.44 | 215.81 | 2.98 | 562.22 | 196.13 | 1.86 | 615.38 | 207.51 | 0.65 | 132.14 | 382.61 | 0.14 | 0.0 | 0.0 | 7.75 | 51.07 | 445.77 | 347.04 | 9.34 | 9.99 | -50.00 | 0 | -150.0 | 150.00 | 50.0 | 0 | 20.38 | 6.09 | 2.77 |
| 21Q2 (7) | -0.03 | -200.0 | -400.0 | 20.27 | -19.56 | 45.1 | -0.04 | -101.68 | 99.39 | 0.86 | -67.05 | 196.55 | 0.45 | -77.27 | 60.71 | 0.26 | -74.0 | 52.94 | 0.28 | -42.86 | 0.0 | 0.14 | 7.69 | -6.67 | 5.13 | -33.29 | 9.62 | 317.39 | 10.32 | 10.32 | 0.00 | -100.0 | 100.0 | 100.00 | 500.0 | -95.0 | 19.21 | -15.19 | 0 |
| 21Q1 (6) | 0.03 | 133.33 | 115.79 | 25.20 | 6.24 | 90.33 | 2.38 | 120.37 | 121.64 | 2.61 | 119.33 | 123.77 | 1.98 | 518.75 | 118.03 | 1.00 | 488.24 | 118.52 | 0.49 | 88.46 | 144.95 | 0.13 | 0.0 | 8.33 | 7.69 | 25.04 | 237.81 | 287.69 | -3.22 | -23.17 | 100.00 | 0.0 | 0.0 | 16.67 | 0 | 0 | 22.65 | 6.09 | 0 |
| 20Q4 (5) | -0.09 | 57.14 | 55.0 | 23.72 | 33.03 | 6.51 | 1.08 | 134.18 | 110.26 | 1.19 | 138.39 | 116.67 | 0.32 | 110.32 | 104.02 | 0.17 | 109.83 | 103.42 | 0.26 | 213.04 | 124.07 | 0.13 | -7.14 | -23.53 | 6.15 | 333.1 | 329.48 | 297.27 | -5.78 | 12.73 | 100.00 | 0.0 | -30.77 | 0.00 | 0 | 100.0 | 21.35 | 7.67 | 6.11 |
| 20Q3 (4) | -0.21 | -2200.0 | 0.0 | 17.83 | 27.63 | 0.0 | -3.16 | 51.83 | 0.0 | -3.10 | -1168.97 | 0.0 | -3.10 | -1207.14 | 0.0 | -1.73 | -1117.65 | 0.0 | -0.23 | -182.14 | 0.0 | 0.14 | -6.67 | 0.0 | 1.42 | -69.66 | 0.0 | 315.52 | 9.67 | 0.0 | 100.00 | 105.0 | 0.0 | -0.00 | -100.0 | 0.0 | 19.83 | 0 | 0.0 |
| 20Q2 (3) | 0.01 | 105.26 | 0.0 | 13.97 | 5.51 | 0.0 | -6.56 | 40.36 | 0.0 | 0.29 | 102.64 | 0.0 | 0.28 | 102.55 | 0.0 | 0.17 | 103.15 | 0.0 | 0.28 | 125.69 | 0.0 | 0.15 | 25.0 | 0.0 | 4.68 | 183.87 | 0.0 | 287.71 | -23.16 | 0.0 | -2000.00 | -2100.0 | 0.0 | 2000.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.19 | 5.0 | 0.0 | 13.24 | -40.55 | 0.0 | -11.00 | -4.46 | 0.0 | -10.98 | -53.78 | 0.0 | -10.98 | -37.77 | 0.0 | -5.40 | -8.65 | 0.0 | -1.09 | -0.93 | 0.0 | 0.12 | -29.41 | 0.0 | -5.58 | -108.21 | 0.0 | 374.45 | 42.0 | 0.0 | 100.00 | -30.77 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.20 | 0.0 | 0.0 | 22.27 | 0.0 | 0.0 | -10.53 | 0.0 | 0.0 | -7.14 | 0.0 | 0.0 | -7.97 | 0.0 | 0.0 | -4.97 | 0.0 | 0.0 | -1.08 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -2.68 | 0.0 | 0.0 | 263.70 | 0.0 | 0.0 | 144.44 | 0.0 | 0.0 | -48.15 | 0.0 | 0.0 | 20.12 | 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) | -2.60 | 0 | 25.99 | 1.01 | -2.73 | 0 | 3.11 | 30.99 | -1.79 | 0 | -2.51 | 0 | -4.30 | 0 | -0.15 | 0 | 0.49 | -3.92 | 4.35 | -51.67 | 201.34 | -32.55 | 157.14 | 206.8 | -57.14 | 0 | 0.07 | -54.93 | 28.86 | 24.18 |
| 2022 (9) | 0.66 | 450.0 | 25.73 | 13.75 | 2.04 | 200.0 | 2.37 | 5.84 | 4.06 | 87.1 | 3.22 | 91.67 | 6.84 | 81.91 | 2.64 | 47.49 | 0.51 | -5.56 | 9.00 | 35.54 | 298.50 | -8.65 | 51.22 | 68.29 | 48.78 | -29.88 | 0.16 | 7.87 | 23.24 | 11.25 |
| 2021 (8) | 0.12 | 0 | 22.62 | 32.9 | 0.68 | 0 | 2.24 | -10.61 | 2.17 | 0 | 1.68 | 0 | 3.76 | 0 | 1.79 | 0 | 0.54 | 3.85 | 6.64 | 275.14 | 326.76 | 9.92 | 30.43 | -81.05 | 69.57 | 0 | 0.15 | 179.58 | 20.89 | 0.87 |
| 2020 (7) | -0.90 | 0 | 17.02 | 35.94 | -4.97 | 0 | 2.51 | -4.28 | -3.02 | 0 | -3.23 | 0 | -6.35 | 0 | -0.80 | 0 | 0.52 | -27.78 | 1.77 | 0 | 297.27 | 12.73 | 160.61 | 16.05 | -63.64 | 0 | 0.05 | -41.38 | 20.71 | -0.1 |
| 2019 (6) | -0.78 | 0 | 12.52 | 3.3 | -9.88 | 0 | 2.62 | 98.99 | -7.19 | 0 | -7.41 | 0 | -19.12 | 0 | -4.36 | 0 | 0.72 | -35.71 | -2.56 | 0 | 263.70 | 4.92 | 138.39 | -28.71 | -37.50 | 0 | 0.09 | -37.13 | 20.73 | 35.4 |
| 2018 (5) | -0.32 | 0 | 12.12 | 12.95 | -4.08 | 0 | 1.32 | -3.23 | -2.11 | 0 | -2.29 | 0 | -9.66 | 0 | -1.74 | 0 | 1.12 | -6.67 | 0.33 | 73.68 | 251.33 | -18.12 | 194.12 | 97.06 | -94.12 | 0 | 0.14 | -36.18 | 15.31 | 20.08 |
| 2017 (4) | -0.21 | 0 | 10.73 | -13.4 | -2.15 | 0 | 1.36 | 16.32 | -2.17 | 0 | -2.18 | 0 | -12.23 | 0 | -1.82 | 0 | 1.20 | -21.05 | 0.19 | -94.97 | 306.95 | -28.56 | 98.51 | 53.23 | 1.49 | -95.82 | 0.22 | 0 | 12.75 | 11.06 |
| 2016 (3) | 0.16 | 0 | 12.39 | 27.34 | 1.10 | 0 | 1.17 | -2.52 | 1.70 | 0 | 1.55 | 0 | 13.24 | 0 | 3.31 | 0 | 1.52 | -4.4 | 3.78 | 1081.25 | 429.66 | -15.77 | 64.29 | -38.97 | 35.71 | 0 | 0.00 | 0 | 11.48 | -1.03 |
| 2015 (2) | -0.27 | 0 | 9.73 | 8.35 | -1.95 | 0 | 1.20 | 19.39 | -1.83 | 0 | -1.88 | 0 | -16.33 | 0 | -1.91 | 0 | 1.59 | -21.29 | 0.32 | -76.98 | 510.10 | 28.85 | 105.33 | 175.49 | -6.67 | 0 | 0.00 | 0 | 11.60 | 29.32 |
| 2014 (1) | -0.29 | 0 | 8.98 | 0 | -0.21 | 0 | 1.01 | -1.16 | -0.55 | 0 | -0.59 | 0 | -6.20 | 0 | 0.18 | 0 | 2.02 | 5.21 | 1.39 | -48.52 | 395.90 | -12.24 | 38.24 | -74.3 | 61.76 | 0 | 0.00 | 0 | 8.97 | 7.68 |
