- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q4 (20) | -0.26 | 68.67 | 71.43 | 42.63 | 163.74 | 251.98 | -5.58 | 97.1 | 94.95 | -6.17 | 96.83 | 94.05 | -6.17 | 96.83 | 94.05 | -1.39 | 91.89 | 91.18 | -0.38 | 95.3 | 94.0 | 0.12 | 200.0 | 71.43 | 30.43 | 130.43 | 181.78 | 92.39 | -6.1 | -27.83 | 100.00 | 0.0 | -6.38 | -0.00 | -100.0 | 100.0 | 35.47 | -61.63 | -27.23 |
| 24Q3 (19) | -0.83 | 23.15 | 31.4 | -66.88 | 36.09 | 47.43 | -192.16 | 32.65 | 42.24 | -194.66 | 26.94 | 46.91 | -194.66 | 26.94 | 46.91 | -17.14 | 18.61 | 26.72 | -8.08 | 11.79 | 17.64 | 0.04 | 0.0 | 33.33 | -100.00 | 35.14 | 50.0 | 98.39 | -9.72 | -27.41 | 100.00 | -5.97 | 10.53 | 1.96 | 130.88 | -79.41 | 92.44 | -14.16 | -46.67 |
| 24Q2 (18) | -1.08 | 10.74 | 3.57 | -104.65 | -4.25 | -52.55 | -285.32 | 14.28 | -23.06 | -266.43 | 16.12 | -0.28 | -266.43 | 16.12 | -0.28 | -21.06 | 7.02 | 0.19 | -9.16 | 2.55 | 4.28 | 0.04 | 33.33 | 0.0 | -154.17 | 21.04 | -4.44 | 108.98 | -18.01 | -8.3 | 106.35 | 1.79 | 21.86 | -6.35 | -41.8 | -149.89 | 107.69 | -4.42 | -11.5 |
| 24Q1 (17) | -1.21 | -32.97 | -61.33 | -100.38 | -257.86 | -92.34 | -332.87 | -201.19 | -138.55 | -317.62 | -206.26 | -126.64 | -317.62 | -206.26 | -126.64 | -22.65 | -43.72 | -72.64 | -9.40 | -48.5 | -48.5 | 0.03 | -57.14 | -40.0 | -195.24 | -424.7 | -407.64 | 132.92 | 3.84 | 29.11 | 104.48 | -2.19 | 4.48 | -4.48 | 34.33 | 0 | 112.67 | 131.17 | 71.02 |
| 23Q4 (16) | -0.91 | 24.79 | 8.08 | -28.05 | 77.95 | 17.31 | -110.52 | 66.78 | 19.04 | -103.71 | 71.72 | 24.62 | -103.71 | 71.72 | 24.62 | -15.76 | 32.62 | -12.41 | -6.33 | 35.47 | 5.1 | 0.07 | 133.33 | 40.0 | -37.21 | 81.39 | 22.72 | 128.01 | -5.56 | 45.96 | 106.82 | 18.06 | 6.82 | -6.82 | -171.59 | 0 | 48.74 | -71.88 | -25.99 |
| 23Q3 (15) | -1.21 | -8.04 | 3.97 | -127.21 | -85.44 | 6.89 | -332.70 | -43.49 | -16.42 | -366.68 | -38.02 | -21.28 | -366.68 | -38.02 | -21.28 | -23.39 | -10.85 | -6.22 | -9.81 | -2.51 | -3.48 | 0.03 | -25.0 | 0.0 | -200.00 | -35.48 | -33.33 | 135.55 | 14.06 | 18.47 | 90.48 | 3.67 | -3.49 | 9.52 | -25.17 | 52.38 | 173.35 | 42.46 | 45.29 |
| 23Q2 (14) | -1.12 | -49.33 | 7.44 | -68.60 | -31.44 | 40.35 | -231.86 | -66.16 | -16.54 | -265.68 | -89.58 | -43.91 | -265.68 | -89.58 | -43.91 | -21.10 | -60.82 | 4.05 | -9.57 | -51.18 | -9.25 | 0.04 | -20.0 | -20.0 | -147.62 | -283.83 | -149.82 | 118.84 | 15.43 | -11.22 | 87.27 | -12.73 | -18.68 | 12.73 | 0 | 273.94 | 121.68 | 84.7 | 122.25 |
| 23Q1 (13) | -0.75 | 24.24 | 43.61 | -52.19 | -53.86 | 58.53 | -139.54 | -2.21 | 48.59 | -140.14 | -1.86 | 54.91 | -140.14 | -1.86 | 54.91 | -13.12 | 6.42 | 43.59 | -6.33 | 5.1 | 35.28 | 0.05 | 0.0 | 66.67 | -38.46 | 20.12 | 66.06 | 102.95 | 17.39 | -30.98 | 100.00 | 0.0 | 15.38 | -0.00 | 0 | -100.0 | 65.88 | 0.03 | -37.65 |
| 22Q4 (12) | -0.99 | 21.43 | 57.69 | -33.92 | 75.17 | 0 | -136.52 | 52.23 | 0 | -137.58 | 54.49 | 0 | -137.58 | 54.49 | 0 | -14.02 | 36.33 | 49.96 | -6.67 | 29.64 | 45.99 | 0.05 | 66.67 | 0 | -48.15 | 67.9 | -102.83 | 87.70 | -23.35 | -23.82 | 100.00 | 6.67 | -11.59 | -0.00 | -100.0 | 100.0 | 65.86 | -44.8 | 105.59 |
| 22Q3 (11) | -1.26 | -4.13 | 25.88 | -136.63 | -18.81 | 70.98 | -285.77 | -43.63 | 58.18 | -302.33 | -63.76 | 61.85 | -302.33 | -63.76 | 61.72 | -22.02 | -0.14 | 4.34 | -9.48 | -8.22 | -1.17 | 0.03 | -40.0 | 200.0 | -150.00 | -153.85 | 55.0 | 114.42 | -14.52 | -10.24 | 93.75 | -12.64 | 7.47 | 6.25 | 185.42 | -51.04 | 119.31 | 117.92 | -25.71 |
| 22Q2 (10) | -1.21 | 9.02 | 47.16 | -115.00 | 8.61 | 86.08 | -198.96 | 26.7 | 87.92 | -184.62 | 40.6 | 88.91 | -184.62 | 40.6 | 88.94 | -21.99 | 5.46 | 40.66 | -8.76 | 10.43 | 20.94 | 0.05 | 66.67 | 400.0 | -59.09 | 47.86 | 93.18 | 133.86 | -10.26 | -11.13 | 107.32 | 23.83 | 7.32 | -7.32 | -154.88 | -517.07 | 54.75 | -48.19 | -81.65 |
| 22Q1 (9) | -1.33 | 43.16 | 56.25 | -125.84 | 0 | 79.24 | -271.44 | 0 | 74.78 | -310.80 | 0 | 71.64 | -310.80 | 0 | 71.64 | -23.26 | 16.99 | 49.99 | -9.78 | 20.81 | 2.78 | 0.03 | 0 | 200.0 | -113.33 | -106.67 | 78.21 | 149.17 | 29.58 | -55.99 | 86.67 | -23.38 | -11.81 | 13.33 | 201.67 | 673.33 | 105.67 | 108.97 | -48.85 |
| 21Q4 (8) | -2.34 | -37.65 | -168.97 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -28.02 | -21.72 | 24.0 | -12.35 | -31.8 | -55.93 | 0.00 | -100.0 | -100.0 | 1700.00 | 610.01 | 737.49 | 115.12 | -9.69 | -67.28 | 113.11 | 29.67 | 4.07 | -13.11 | -202.73 | -50.82 | -1177.74 | -833.29 | -714.69 |
| 21Q3 (7) | -1.70 | 25.76 | 29.17 | -470.83 | 42.99 | 54.22 | -683.41 | 58.51 | 65.85 | -792.43 | 52.41 | 52.19 | -789.77 | 52.7 | 52.35 | -23.02 | 37.88 | 24.18 | -9.37 | 15.43 | -26.79 | 0.01 | 0.0 | 0 | -333.33 | 61.54 | 23.08 | 127.47 | -15.37 | -62.61 | 87.23 | -12.77 | -29.23 | 12.77 | 627.66 | 160.99 | 160.61 | -46.18 | -66.95 |
| 21Q2 (6) | -2.29 | 24.67 | -62.41 | -825.90 | -36.22 | -20.68 | -1647.03 | -53.02 | -69.78 | -1665.02 | -51.9 | -65.63 | -1669.64 | -52.33 | -66.09 | -37.06 | 20.32 | -63.26 | -11.08 | -10.14 | -61.05 | 0.01 | 0.0 | 0.0 | -866.67 | -66.67 | -188.89 | 150.62 | -55.57 | -40.64 | 100.00 | 1.75 | 2.44 | 1.75 | 1.75 | -26.32 | 298.40 | 44.43 | 0 |
| 21Q1 (5) | -3.04 | -249.43 | -128.57 | -606.28 | -12.13 | -27.26 | -1076.37 | -20.82 | -56.49 | -1096.10 | -33.68 | -51.75 | -1096.10 | -286.71 | -51.75 | -46.51 | -26.15 | -166.08 | -10.06 | -27.02 | -57.19 | 0.01 | 0.0 | 0.0 | -520.00 | -95.0 | -183.64 | 338.98 | -3.66 | 76.57 | 98.28 | -9.59 | 3.45 | 1.72 | 119.83 | -65.52 | 206.60 | 7.83 | 0 |
| 20Q4 (4) | -0.87 | 63.75 | 0.0 | -540.67 | 47.42 | 0.0 | -890.88 | 55.48 | 0.0 | -819.96 | 50.53 | 0.0 | -283.44 | 82.9 | 0.0 | -36.87 | -21.44 | 0.0 | -7.92 | -7.17 | 0.0 | 0.01 | 0 | 0.0 | -266.67 | 38.46 | 0.0 | 351.86 | 3.21 | 0.0 | 108.70 | -11.81 | 0.0 | -8.70 | 58.45 | 0.0 | 191.60 | -60.57 | 0.0 |
| 20Q3 (3) | -2.40 | -70.21 | 0.0 | -1028.35 | -50.26 | 0.0 | -2001.30 | -106.29 | 0.0 | -1657.43 | -64.88 | 0.0 | -1657.43 | -64.88 | 0.0 | -30.36 | -33.74 | 0.0 | -7.39 | -7.41 | 0.0 | 0.00 | -100.0 | 0.0 | -433.33 | -44.44 | 0.0 | 340.91 | 34.36 | 0.0 | 123.26 | 26.26 | 0.0 | -20.93 | -979.07 | 0.0 | 485.94 | 0 | 0.0 |
| 20Q2 (2) | -1.41 | -6.02 | 0.0 | -684.40 | -43.65 | 0.0 | -970.12 | -41.04 | 0.0 | -1005.26 | -39.17 | 0.0 | -1005.26 | -39.17 | 0.0 | -22.70 | -29.86 | 0.0 | -6.88 | -7.5 | 0.0 | 0.01 | 0.0 | 0.0 | -300.00 | -63.64 | 0.0 | 253.73 | 32.16 | 0.0 | 97.62 | 2.76 | 0.0 | 2.38 | -52.38 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (1) | -1.33 | 0.0 | 0.0 | -476.42 | 0.0 | 0.0 | -687.82 | 0.0 | 0.0 | -722.31 | 0.0 | 0.0 | -722.31 | 0.0 | 0.0 | -17.48 | 0.0 | 0.0 | -6.40 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | -183.33 | 0.0 | 0.0 | 191.98 | 0.0 | 0.0 | 95.00 | 0.0 | 0.0 | 5.00 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 (10) | -3.35 | 0 | -24.24 | 0 | -136.94 | 0 | 64.29 | -26.82 | -132.24 | 0 | -132.24 | 0 | -61.59 | 0 | -27.88 | 0 | 0.22 | 22.22 | -60.00 | 0 | 92.39 | -27.83 | 103.78 | 9.27 | -3.78 | 0 | 0.00 | 0 | 69.94 | -19.79 |
| 2023 (9) | -3.95 | 0 | -57.78 | 0 | -177.01 | 0 | 87.85 | -27.71 | -186.50 | 0 | -186.50 | 0 | -67.87 | 0 | -30.93 | 0 | 0.18 | 12.5 | -85.98 | 0 | 128.01 | 45.96 | 94.97 | -1.57 | 5.03 | 71.86 | 0.00 | 0 | 87.20 | 8.09 |
| 2022 (8) | -4.60 | 0 | -93.84 | 0 | -208.36 | 0 | 121.52 | -85.51 | -215.19 | 0 | -215.19 | 0 | -67.00 | 0 | -32.29 | 0 | 0.16 | 433.33 | -84.81 | 0 | 87.70 | -23.82 | 96.49 | -3.08 | 2.92 | 554.97 | 0.00 | 0 | 80.67 | -78.67 |
| 2021 (7) | -8.57 | 0 | -959.34 | 0 | -1701.75 | 0 | 838.46 | 34.75 | -1706.79 | 0 | -1706.79 | 0 | -129.71 | 0 | -41.41 | 0 | 0.03 | 0.0 | -807.69 | 0 | 115.12 | -67.28 | 99.55 | -5.4 | 0.45 | 0 | 0.00 | 0 | 378.20 | 79.29 |
| 2020 (6) | -7.73 | 0 | -625.74 | 0 | -1009.24 | 0 | 622.22 | 123.61 | -955.56 | 0 | -787.10 | 0 | -91.17 | 0 | -27.77 | 0 | 0.03 | -40.0 | -283.33 | 0 | 351.86 | 141.94 | 105.23 | 4.28 | -5.81 | 0 | 0.17 | 4.29 | 210.94 | 67.77 |
| 2019 (5) | -3.63 | 0 | -81.33 | 0 | -479.95 | 0 | 278.26 | 317.39 | -476.90 | 0 | -476.90 | 0 | -35.94 | 0 | -21.73 | 0 | 0.05 | 400.0 | -178.26 | 0 | 145.43 | 4430.53 | 100.92 | -15.56 | -0.92 | 0 | 0.16 | -69.57 | 125.73 | -82.42 |
| 2018 (4) | -1.38 | 0 | 49.07 | 46.83 | -1818.16 | 0 | 66.67 | 1500.0 | -1539.78 | 0 | -1540.27 | 0 | -10.86 | 0 | -10.63 | 0 | 0.01 | -83.33 | -1300.00 | 0 | 3.21 | 136.03 | 119.51 | 326.83 | -17.07 | 0 | 0.54 | -26.67 | 715.06 | 1109.3 |
| 2017 (3) | -1.64 | 0 | 33.42 | 0 | -59.31 | 0 | 4.17 | -87.5 | -203.69 | 0 | -201.42 | 0 | -11.52 | 0 | -11.38 | 0 | 0.06 | 500.0 | -200.00 | 0 | 1.36 | 24.77 | 28.00 | -52.3 | 70.00 | 69.47 | 0.74 | 0 | 59.13 | -89.47 |
| 2016 (2) | -1.52 | 0 | -94.15 | 0 | -947.15 | 0 | 33.33 | 33.33 | -1626.80 | 0 | -1613.22 | 0 | -9.51 | 0 | -9.41 | 0 | 0.01 | 0.0 | -1466.67 | 0 | 1.09 | -5.22 | 58.70 | -47.38 | 41.30 | 0 | 0.00 | 0 | 561.33 | 50.44 |
| 2015 (1) | -0.89 | 0 | -82.36 | 0 | -652.22 | 0 | 25.00 | 1175.0 | -579.81 | 0 | -600.51 | 0 | -5.19 | 0 | -5.03 | 0 | 0.01 | -88.89 | -625.00 | 0 | 1.15 | -77.05 | 111.54 | 0 | -11.54 | 0 | 0.00 | 0 | 373.12 | 959.1 |
