- 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) | -0.46 | 52.58 | -253.85 | 4.82 | 665.08 | -39.67 | -27.51 | 55.76 | -106.69 | -35.46 | 43.66 | -427.68 | -42.83 | 34.96 | -537.35 | -5.47 | 68.45 | -107.98 | -4.11 | 59.75 | -793.48 | 0.10 | -37.5 | -23.08 | -29.49 | 46.75 | -427.3 | 19.43 | -69.57 | -89.85 | 77.78 | -20.28 | -63.7 | 22.22 | 0 | 122.22 | 15.07 | -72.07 | -48.16 |
| 24Q2 (19) | -0.97 | -193.94 | -246.43 | 0.63 | 126.58 | -93.55 | -62.19 | -146.59 | -848.02 | -62.94 | -157.53 | -710.04 | -65.85 | -169.44 | -747.49 | -17.34 | -187.09 | -265.05 | -10.21 | -232.57 | -854.21 | 0.16 | 14.29 | -15.79 | -55.38 | -453.8 | -1952.17 | 63.86 | -6.98 | -70.32 | 97.56 | -2.44 | 15.3 | -0.00 | 0 | -100.0 | 53.96 | 252.91 | 147.86 |
| 24Q1 (18) | -0.33 | -232.0 | 17.5 | -2.37 | 70.6 | -144.97 | -25.22 | 28.31 | -76.36 | -24.44 | -656.72 | -47.14 | -24.44 | -264.78 | -47.14 | -6.04 | -139.68 | 22.76 | -3.07 | -539.58 | -31.2 | 0.14 | -6.67 | -12.5 | -10.00 | -142.5 | -165.96 | 68.65 | -20.44 | -69.48 | 100.00 | 111.11 | 15.79 | -0.00 | -100.0 | -100.0 | 15.29 | -49.77 | -42.78 |
| 23Q4 (17) | 0.25 | 292.31 | 155.56 | -8.06 | -200.88 | -213.2 | -35.18 | -164.31 | -230.64 | 4.39 | 165.33 | 127.98 | -6.70 | 0.3 | 62.19 | -2.52 | 4.18 | 65.34 | -0.48 | -4.35 | 79.22 | 0.15 | 15.38 | 0.0 | 23.53 | 161.15 | 1500.6 | 86.29 | -54.94 | -46.37 | -900.00 | -520.0 | -1415.38 | 1000.00 | 1100.0 | 3066.67 | 30.44 | 4.71 | 14.65 |
| 23Q3 (16) | -0.13 | 53.57 | 43.48 | 7.99 | -18.22 | -31.65 | -13.31 | -102.9 | -25.09 | -6.72 | 13.51 | 18.84 | -6.72 | 13.51 | 18.84 | -2.63 | 44.63 | 21.49 | -0.46 | 57.01 | 41.77 | 0.13 | -31.58 | -7.14 | 9.01 | 201.34 | 50.67 | 191.49 | -11.01 | -0.37 | 214.29 | 153.25 | 78.57 | -100.00 | -750.0 | -233.33 | 29.07 | 33.53 | -6.2 |
| 23Q2 (15) | -0.28 | 30.0 | 28.21 | 9.77 | 85.39 | -0.81 | -6.56 | 54.13 | 30.21 | -7.77 | 53.22 | 2.14 | -7.77 | 53.22 | 36.1 | -4.75 | 39.26 | 11.87 | -1.07 | 54.27 | 32.7 | 0.19 | 18.75 | 26.67 | 2.99 | 179.52 | -33.26 | 215.18 | -4.32 | 4.36 | 84.62 | -2.02 | -28.4 | 15.38 | 12.82 | 184.62 | 21.77 | -18.53 | -17.29 |
| 23Q1 (14) | -0.40 | 11.11 | -122.22 | 5.27 | -25.98 | -64.58 | -14.30 | -34.4 | -552.97 | -16.61 | -5.86 | -321.57 | -16.61 | 6.26 | -321.57 | -7.82 | -7.57 | -311.58 | -2.34 | -1.3 | -387.5 | 0.16 | 6.67 | -11.11 | -3.76 | -123.81 | -156.8 | 224.90 | 39.77 | 26.73 | 86.36 | 26.22 | 72.73 | 13.64 | -56.82 | -72.73 | 26.72 | 0.64 | 6.45 |
| 22Q4 (13) | -0.45 | -95.65 | -2150.0 | 7.12 | -39.09 | -52.72 | -10.64 | 0.0 | -556.65 | -15.69 | -89.49 | -751.04 | -17.72 | -114.01 | -11713.33 | -7.27 | -117.01 | -7977.78 | -2.31 | -192.41 | -1255.0 | 0.15 | 7.14 | -31.82 | -1.68 | -128.09 | -117.07 | 160.91 | -16.28 | -0.14 | 68.42 | -42.98 | -31.58 | 31.58 | 205.26 | 0 | 26.55 | -14.33 | 39.66 |
| 22Q3 (12) | -0.23 | 41.03 | 0.0 | 11.69 | 18.68 | -13.79 | -10.64 | -13.19 | -89.66 | -8.28 | -4.28 | -46.29 | -8.28 | 31.91 | -46.29 | -3.35 | 37.85 | 2.62 | -0.79 | 50.31 | 18.56 | 0.14 | -6.67 | -33.33 | 5.98 | 33.48 | 211.46 | 192.20 | -6.79 | 6.35 | 120.00 | 1.54 | 20.0 | -30.00 | -65.0 | 0 | 30.99 | 17.74 | 52.89 |
| 22Q2 (11) | -0.39 | -116.67 | -250.0 | 9.85 | -33.8 | -43.94 | -9.40 | -329.22 | -421.92 | -7.94 | -101.52 | -437.87 | -12.16 | -208.63 | -617.45 | -5.39 | -183.68 | -375.0 | -1.59 | -231.25 | -272.83 | 0.15 | -16.67 | -48.28 | 4.48 | -32.33 | -46.09 | 206.19 | 16.19 | 8.62 | 118.18 | 136.36 | -8.08 | -18.18 | -136.36 | 36.36 | 26.32 | 4.86 | 54.1 |
| 22Q1 (10) | -0.18 | -800.0 | -460.0 | 14.88 | -1.2 | 49.4 | -2.19 | -193.99 | 38.14 | -3.94 | -263.49 | -143.21 | -3.94 | -2526.67 | -143.21 | -1.90 | -2011.11 | -43.94 | -0.48 | -340.0 | -108.7 | 0.18 | -18.18 | -35.71 | 6.62 | -32.72 | 39.66 | 177.46 | 10.13 | 1.42 | 50.00 | -50.0 | -80.0 | 50.00 | 0 | 140.0 | 25.10 | 32.04 | 29.92 |
| 21Q4 (9) | -0.02 | 91.3 | 81.82 | 15.06 | 11.06 | 43.02 | 2.33 | 141.53 | 200.87 | 2.41 | 142.58 | 24200.0 | -0.15 | 97.35 | 94.34 | -0.09 | 97.38 | 96.74 | 0.20 | 120.62 | 131.75 | 0.22 | 4.76 | -33.33 | 9.84 | 412.5 | 74.16 | 161.13 | -10.84 | -22.93 | 100.00 | 0.0 | 0 | 0.00 | 0 | 0 | 19.01 | -6.22 | 33.97 |
| 21Q3 (8) | -0.23 | -188.46 | 58.93 | 13.56 | -22.82 | 79.13 | -5.61 | -292.12 | 28.99 | -5.66 | -340.85 | -53.8 | -5.66 | -340.85 | 39.92 | -3.44 | -275.51 | 61.13 | -0.97 | -205.43 | 61.04 | 0.21 | -27.59 | -27.59 | 1.92 | -76.9 | -43.2 | 180.72 | -4.79 | -17.59 | 100.00 | -22.22 | -52.63 | -0.00 | 100.0 | 100.0 | 20.27 | 18.68 | 15.17 |
| 21Q2 (7) | 0.26 | 420.0 | 136.11 | 17.57 | 76.41 | 271.46 | 2.92 | 182.49 | 123.08 | 2.35 | 245.06 | 119.81 | 2.35 | 245.06 | 115.33 | 1.96 | 248.48 | 117.92 | 0.92 | 500.0 | 128.48 | 0.29 | 3.57 | 26.09 | 8.31 | 75.32 | 479.45 | 189.82 | 8.48 | -16.82 | 128.57 | -48.57 | 22.98 | -28.57 | 77.14 | -528.57 | 17.08 | -11.59 | 0 |
| 21Q1 (6) | 0.05 | 145.45 | 118.52 | 9.96 | -5.41 | -5.14 | -3.54 | -53.25 | 42.25 | -1.62 | -16100.0 | 74.04 | -1.62 | 38.87 | 74.04 | -1.32 | 52.17 | 67.49 | -0.23 | 63.49 | 80.0 | 0.28 | -15.15 | 33.33 | 4.74 | -16.11 | 21.85 | 174.98 | -16.31 | -15.08 | 250.00 | 0 | 150.0 | -125.00 | 0 | 0 | 19.32 | 36.15 | 0 |
| 20Q4 (5) | -0.11 | 80.36 | 96.54 | 10.53 | 39.1 | 466.13 | -2.31 | 70.76 | 70.72 | -0.01 | 99.73 | 99.95 | -2.65 | 71.87 | 91.51 | -2.76 | 68.81 | 91.91 | -0.63 | 74.7 | 94.61 | 0.33 | 13.79 | -13.16 | 5.65 | 67.16 | 144.0 | 209.08 | -4.66 | 4.09 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 14.19 | -19.38 | 0 |
| 20Q3 (4) | -0.56 | 22.22 | 0.0 | 7.57 | 60.04 | 0.0 | -7.90 | 37.55 | 0.0 | -3.68 | 68.97 | 0.0 | -9.42 | 38.55 | 0.0 | -8.85 | 19.1 | 0.0 | -2.49 | 22.91 | 0.0 | 0.29 | 26.09 | 0.0 | 3.38 | 254.34 | 0.0 | 219.30 | -3.9 | 0.0 | 211.11 | 101.93 | 0.0 | -111.11 | -2344.44 | 0.0 | 17.60 | 0 | 0.0 |
| 20Q2 (3) | -0.72 | -166.67 | 0.0 | 4.73 | -54.95 | 0.0 | -12.65 | -106.36 | 0.0 | -11.86 | -90.06 | 0.0 | -15.33 | -145.67 | 0.0 | -10.94 | -169.46 | 0.0 | -3.23 | -180.87 | 0.0 | 0.23 | 9.52 | 0.0 | -2.19 | -156.3 | 0.0 | 228.20 | 10.75 | 0.0 | 104.55 | 4.55 | 0.0 | -4.55 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.27 | 91.51 | 0.0 | 10.50 | 464.52 | 0.0 | -6.13 | 22.31 | 0.0 | -6.24 | 69.87 | 0.0 | -6.24 | 80.01 | 0.0 | -4.06 | 88.09 | 0.0 | -1.15 | 90.15 | 0.0 | 0.21 | -44.74 | 0.0 | 3.89 | 130.3 | 0.0 | 206.05 | 2.58 | 0.0 | 100.00 | 165.38 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -3.18 | 0.0 | 0.0 | 1.86 | 0.0 | 0.0 | -7.89 | 0.0 | 0.0 | -20.71 | 0.0 | 0.0 | -31.21 | 0.0 | 0.0 | -34.10 | 0.0 | 0.0 | -11.68 | 0.0 | 0.0 | 0.38 | 0.0 | 0.0 | -12.84 | 0.0 | 0.0 | 200.86 | 0.0 | 0.0 | 37.68 | 0.0 | 0.0 | 62.32 | 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) | -0.56 | 0 | 4.68 | -57.84 | -15.70 | 0 | 10.53 | 3.48 | -7.43 | 0 | -9.63 | 0 | -18.21 | 0 | -5.82 | 0 | 0.83 | 27.69 | 6.63 | 64.52 | 86.29 | -46.37 | 210.53 | 131.07 | -110.53 | 0 | 0.22 | -16.99 | 26.35 | -2.66 |
| 2022 (9) | -1.24 | 0 | 11.10 | -21.16 | -7.86 | 0 | 10.17 | 84.05 | -8.62 | 0 | -10.16 | 0 | -17.32 | 0 | -5.44 | 0 | 0.65 | -39.81 | 4.03 | -35.42 | 160.91 | -0.14 | 91.11 | -54.44 | 8.89 | 0 | 0.26 | 7.95 | 27.07 | 44.22 |
| 2021 (8) | 0.05 | 0 | 14.08 | 64.49 | -0.83 | 0 | 5.53 | -17.09 | -0.46 | 0 | -0.96 | 0 | -2.98 | 0 | -0.07 | 0 | 1.08 | 9.09 | 6.24 | 93.79 | 161.13 | -22.93 | 200.00 | 40.0 | -100.00 | 0 | 0.24 | -84.33 | 18.77 | -0.69 |
| 2020 (7) | -1.63 | 0 | 8.56 | 24.42 | -6.64 | 0 | 6.67 | -8.73 | -4.63 | 0 | -7.72 | 0 | -23.32 | 0 | -6.80 | 0 | 0.99 | -9.17 | 3.22 | 0 | 209.08 | 4.09 | 142.86 | 204.76 | -42.86 | 0 | 1.54 | 1205.76 | 18.90 | 19.02 |
| 2019 (6) | -3.95 | 0 | 6.88 | -41.5 | -4.61 | 0 | 7.30 | 43.71 | -9.91 | 0 | -13.53 | 0 | -46.55 | 0 | -14.00 | 0 | 1.09 | 15.96 | -1.65 | 0 | 200.86 | -12.3 | 46.88 | 0 | 54.17 | -45.83 | 0.12 | -89.99 | 15.88 | -9.62 |
| 2018 (5) | -0.45 | 0 | 11.76 | -4.16 | 0.06 | -95.31 | 5.08 | -2.04 | -1.30 | 0 | -1.30 | 0 | -4.08 | 0 | -0.42 | 0 | 0.94 | -3.09 | 4.97 | -16.33 | 229.03 | -3.72 | -8.33 | 0 | 100.00 | -72.22 | 1.18 | -2.05 | 17.57 | 11.98 |
| 2017 (4) | -2.21 | 0 | 12.27 | 10.14 | 1.28 | -10.49 | 5.19 | -15.09 | -0.43 | 0 | -7.34 | 0 | -23.27 | 0 | -6.29 | 0 | 0.97 | -11.01 | 5.94 | -36.2 | 237.87 | 7.83 | -280.00 | 0 | 360.00 | 1160.0 | 1.20 | 0 | 15.69 | 9.03 |
| 2016 (3) | 0.22 | 0 | 11.14 | 0 | 1.43 | 0 | 6.11 | 8.83 | 2.00 | 0 | 1.25 | 0 | 3.60 | 0 | 2.34 | 0 | 1.09 | 15.96 | 9.31 | 0 | 220.59 | 112.8 | 71.43 | 20.99 | 28.57 | -30.25 | 0.00 | 0 | 14.39 | 115.74 |
| 2015 (2) | -2.31 | 0 | -0.11 | 0 | -6.53 | 0 | 5.61 | 21.61 | -11.09 | 0 | -11.37 | 0 | -22.04 | 0 | -10.28 | 0 | 0.94 | 1.08 | -4.81 | 0 | 103.66 | -3.34 | 59.04 | -38.28 | 40.96 | 842.17 | 0.00 | 0 | 6.67 | -31.38 |
| 2014 (1) | -2.71 | 0 | -3.97 | 0 | -10.71 | 0 | 4.62 | 33.27 | -11.14 | 0 | -12.12 | 0 | -20.85 | 0 | -11.04 | 0 | 0.93 | 22.37 | -6.20 | 0 | 107.24 | 61.97 | 95.65 | 3.72 | 4.35 | -44.1 | 0.00 | 0 | 9.72 | -9.58 |
