- 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) | 0.11 | 116.42 | 136.67 | 26.92 | 660.45 | -7.3 | -67.19 | 27.9 | -77.56 | 33.14 | 119.87 | 161.9 | 33.14 | 119.87 | 161.9 | 0.89 | 118.16 | 138.53 | 0.80 | 124.02 | 155.56 | 0.02 | 0.0 | -33.33 | 92.31 | 181.45 | 561.55 | 47.18 | 9.34 | 10.73 | -225.00 | -501.79 | -409.38 | 325.00 | 638.64 | 1091.67 | 40.33 | -13.47 | 23.98 |
| 24Q2 (19) | -0.67 | -150.38 | -191.3 | 3.54 | 232.58 | 106.35 | -93.19 | 31.96 | 39.87 | -166.80 | -133.12 | -166.71 | -166.80 | -133.12 | -166.71 | -4.90 | -148.61 | -178.41 | -3.33 | -144.7 | -200.0 | 0.02 | 100.0 | 0.0 | -113.33 | -119.54 | -693.07 | 43.15 | 17.7 | 2.2 | 56.00 | 311.08 | -78.67 | 44.00 | -65.78 | 127.08 | 46.61 | -22.21 | 1.92 |
| 24Q1 (18) | 1.33 | 1577.78 | 469.44 | -2.67 | -111.33 | -112.99 | -136.97 | -183.64 | -21.66 | 503.56 | 2774.24 | 502.24 | 503.56 | 2774.24 | 502.24 | 10.08 | 1462.16 | 470.59 | 7.45 | 2291.18 | 500.54 | 0.01 | -66.67 | -50.0 | 580.00 | 2510.26 | 1011.38 | 36.66 | -9.08 | -1.29 | -26.53 | -108.84 | -128.74 | 128.57 | 177.14 | 1571.43 | 59.92 | 76.18 | -9.35 |
| 23Q4 (17) | -0.09 | 70.0 | 88.46 | 23.57 | -18.84 | 204.9 | -48.29 | -27.62 | 49.26 | -18.83 | 64.83 | 86.67 | -18.83 | 64.83 | 86.67 | -0.74 | 67.97 | 86.74 | -0.34 | 76.39 | 91.48 | 0.03 | 0.0 | 0.0 | 22.22 | 211.1 | 120.2 | 40.32 | -5.37 | 13.23 | 300.00 | 312.5 | 357.89 | -166.67 | -711.11 | -637.04 | 34.01 | 4.55 | -0.47 |
| 23Q3 (16) | -0.30 | -30.43 | -148.39 | 29.04 | 152.13 | 225.33 | -37.84 | 75.59 | 58.42 | -53.54 | 14.39 | -154.17 | -53.54 | 14.39 | -154.17 | -2.31 | -31.25 | -152.38 | -1.44 | -29.73 | -142.86 | 0.03 | 50.0 | 0.0 | -20.00 | -39.96 | -115.86 | 42.61 | 0.92 | 19.99 | 72.73 | -72.29 | 179.65 | 27.27 | 116.78 | -85.74 | 32.53 | -28.87 | 11.94 |
| 23Q2 (15) | -0.23 | 36.11 | 52.08 | -55.71 | -370.96 | -483.35 | -154.99 | -37.67 | -128.16 | -62.54 | 50.04 | 6.67 | -62.54 | 50.04 | 6.67 | -1.76 | 35.29 | 49.43 | -1.11 | 40.32 | 56.81 | 0.02 | 0.0 | -50.0 | -14.29 | 77.55 | 67.84 | 42.22 | 13.68 | 29.15 | 262.50 | 184.37 | 162.5 | -162.50 | -2212.5 | 0 | 45.73 | -30.82 | 91.74 |
| 23Q1 (14) | -0.36 | 53.85 | -20.0 | 20.56 | 191.5 | 1353.66 | -112.58 | -18.29 | -73.17 | -125.19 | 11.4 | -142.9 | -125.19 | 11.4 | -142.9 | -2.72 | 51.25 | -28.91 | -1.86 | 53.38 | -15.53 | 0.02 | -33.33 | -33.33 | -63.64 | 42.15 | -179.98 | 37.14 | 4.3 | 10.4 | 92.31 | 40.89 | -27.47 | 7.69 | -75.21 | 128.21 | 66.10 | 93.44 | 135.4 |
| 22Q4 (13) | -0.78 | -225.81 | -550.0 | -22.47 | 3.02 | -227.31 | -95.17 | -4.58 | -106.26 | -141.29 | -242.95 | -710.61 | -141.29 | -242.95 | -710.61 | -5.58 | -226.53 | -634.21 | -3.99 | -218.75 | -554.1 | 0.03 | 0.0 | -25.0 | -110.00 | -187.24 | -1364.37 | 35.61 | 0.28 | 53.36 | 65.52 | 171.76 | -76.18 | 31.03 | -83.78 | 117.73 | 34.17 | 17.58 | 23.05 |
| 22Q3 (12) | 0.62 | 229.17 | 300.0 | -23.17 | -142.62 | -1585.26 | -91.00 | -33.96 | -189.62 | 98.84 | 247.5 | 421.43 | 98.84 | 247.5 | 421.43 | 4.41 | 226.72 | 304.17 | 3.36 | 230.74 | 287.71 | 0.03 | -25.0 | -50.0 | 126.09 | 383.73 | 898.54 | 35.51 | 8.63 | 51.56 | -91.30 | -191.3 | -191.3 | 191.30 | 0 | 0 | 29.06 | 21.84 | 70.74 |
| 22Q2 (11) | -0.48 | -60.0 | -336.36 | -9.55 | -482.32 | -142.28 | -67.93 | -4.49 | -653.94 | -67.01 | -30.02 | -544.33 | -67.01 | -30.02 | -544.33 | -3.48 | -64.93 | -351.95 | -2.57 | -59.63 | -301.56 | 0.04 | 33.33 | -33.33 | -44.44 | -95.51 | -1921.31 | 32.69 | -2.82 | 89.62 | 100.00 | -21.43 | 0.0 | -0.00 | 100.0 | -100.0 | 23.85 | -15.06 | 52.69 |
| 22Q1 (10) | -0.30 | -150.0 | -850.0 | -1.64 | -109.29 | -104.87 | -65.01 | -40.9 | -3468.39 | -51.54 | -195.7 | -1829.53 | -51.54 | -195.7 | -1700.62 | -2.11 | -177.63 | -979.17 | -1.61 | -163.93 | -696.3 | 0.03 | -25.0 | -50.0 | -22.73 | -361.26 | -210.39 | 33.64 | 44.88 | 82.03 | 127.27 | -53.72 | 27.27 | -27.27 | 84.42 | 0 | 28.08 | 1.12 | 60.18 |
| 21Q4 (9) | -0.12 | 61.29 | -105.69 | 17.65 | 1031.41 | 219.75 | -46.14 | -46.85 | -20.85 | -17.43 | 43.32 | -114.99 | -17.43 | 43.32 | -114.99 | -0.76 | 64.81 | -105.14 | -0.61 | 65.92 | -109.9 | 0.04 | -33.33 | -20.0 | 8.70 | 155.1 | -93.52 | 23.22 | -0.9 | -63.98 | 275.00 | 175.0 | 946.15 | -175.00 | 0 | -229.63 | 27.77 | 63.16 | 33.57 |
| 21Q3 (8) | -0.31 | -181.82 | 59.21 | 1.56 | -93.09 | -91.82 | -31.42 | -248.72 | 22.57 | -30.75 | -195.67 | 17.49 | -30.75 | -195.67 | 17.93 | -2.16 | -180.52 | 74.1 | -1.79 | -179.69 | -10.49 | 0.06 | 0.0 | 20.0 | -15.79 | -747.13 | -34.27 | 23.43 | 35.9 | -91.39 | 100.00 | 0.0 | -7.14 | -0.00 | -100.0 | 100.0 | 17.02 | 8.96 | -12.09 |
| 21Q2 (7) | -0.11 | -375.0 | 42.11 | 22.59 | -32.95 | -48.73 | -9.01 | -566.84 | 58.44 | -10.40 | -448.99 | 74.4 | -10.40 | -422.98 | 74.4 | -0.77 | -420.83 | 93.91 | -0.64 | -337.04 | 66.32 | 0.06 | 0.0 | 20.0 | 2.44 | -88.15 | 126.84 | 17.24 | -6.71 | -96.8 | 100.00 | 0.0 | 85.71 | 25.00 | 0 | -45.83 | 15.62 | -10.9 | 0 |
| 21Q1 (6) | 0.04 | -98.1 | 113.79 | 33.69 | 510.33 | 187.64 | 1.93 | 105.06 | 101.8 | 2.98 | -97.44 | 104.94 | 3.22 | -97.23 | 105.01 | 0.24 | -98.38 | 101.46 | 0.27 | -95.62 | 109.22 | 0.06 | 20.0 | 20.0 | 20.59 | -84.67 | 173.22 | 18.48 | -71.34 | -95.89 | 100.00 | 407.69 | -44.12 | 0.00 | -100.0 | 100.0 | 17.53 | -15.68 | -58.03 |
| 20Q4 (5) | 2.11 | 377.63 | 267.46 | 5.52 | -71.04 | 102.91 | -38.18 | 5.91 | 83.17 | 116.31 | 412.07 | 151.44 | 116.26 | 410.27 | 151.6 | 14.78 | 277.22 | 130.21 | 6.16 | 480.25 | 148.73 | 0.05 | 0.0 | -16.67 | 134.29 | 1241.92 | 167.14 | 64.47 | -76.3 | -83.35 | -32.50 | -130.18 | -132.5 | 135.00 | 1855.0 | 0 | 20.79 | 7.39 | 0 |
| 20Q3 (4) | -0.76 | -300.0 | 0.0 | 19.06 | -56.74 | 0.0 | -40.58 | -87.18 | 0.0 | -37.27 | 8.25 | 0.0 | -37.47 | 7.75 | 0.0 | -8.34 | 34.02 | 0.0 | -1.62 | 14.74 | 0.0 | 0.05 | 0.0 | 0.0 | -11.76 | -29.37 | 0.0 | 272.08 | -49.5 | 0.0 | 107.69 | 100.0 | 0.0 | -7.69 | -116.67 | 0.0 | 19.36 | 0 | 0.0 |
| 20Q2 (3) | -0.19 | 34.48 | 0.0 | 44.06 | 214.62 | 0.0 | -21.68 | 79.77 | 0.0 | -40.62 | 32.61 | 0.0 | -40.62 | 36.83 | 0.0 | -12.64 | 23.07 | 0.0 | -1.90 | 35.15 | 0.0 | 0.05 | 0.0 | 0.0 | -9.09 | 67.67 | 0.0 | 538.78 | 19.72 | 0.0 | 53.85 | -69.91 | 0.0 | 46.15 | 158.46 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.29 | 76.98 | 0.0 | -38.44 | 79.73 | 0.0 | -107.16 | 52.75 | 0.0 | -60.28 | 73.34 | 0.0 | -64.30 | 71.46 | 0.0 | -16.43 | 66.42 | 0.0 | -2.93 | 76.82 | 0.0 | 0.05 | -16.67 | 0.0 | -28.12 | 85.94 | 0.0 | 450.04 | 16.24 | 0.0 | 178.95 | 78.95 | 0.0 | -78.95 | 0 | 0.0 | 41.77 | 0 | 0.0 |
| 19Q4 (1) | -1.26 | 0.0 | 0.0 | -189.65 | 0.0 | 0.0 | -226.79 | 0.0 | 0.0 | -226.13 | 0.0 | 0.0 | -225.32 | 0.0 | 0.0 | -48.93 | 0.0 | 0.0 | -12.64 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -200.00 | 0.0 | 0.0 | 387.18 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -0.98 | 0 | 7.75 | 0 | -78.82 | 0 | 33.33 | 39.39 | -57.56 | 0 | -57.56 | 0 | -7.53 | 0 | -4.81 | 0 | 0.09 | -35.71 | -15.87 | 0 | 40.32 | 13.23 | 138.89 | -33.41 | -36.11 | 0 | 0.00 | 0 | 41.51 | 45.91 |
| 2022 (9) | -0.94 | 0 | -13.99 | 0 | -79.10 | 0 | 23.91 | 53.73 | -38.05 | 0 | -38.05 | 0 | -6.78 | 0 | -4.96 | 0 | 0.14 | -36.36 | -10.87 | 0 | 35.61 | 53.36 | 208.57 | 52.42 | -108.57 | 0 | 0.00 | 0 | 28.45 | 53.12 |
| 2021 (8) | -0.54 | 0 | 18.62 | 129.88 | -18.95 | 0 | 15.56 | -25.56 | -13.98 | 0 | -13.92 | 0 | -4.35 | 0 | -3.01 | 0 | 0.22 | 0.0 | 2.96 | -87.2 | 23.22 | -63.98 | 136.84 | -89.94 | -36.84 | 0 | 0.15 | -57.8 | 18.58 | -37.92 |
| 2020 (7) | -0.33 | 0 | 8.10 | 0 | -51.06 | 0 | 20.90 | 1.4 | -3.67 | 0 | -4.69 | 0 | -2.67 | 0 | -0.15 | 0 | 0.22 | 0.0 | 23.13 | 0 | 64.47 | -83.35 | 1360.00 | 1277.36 | -1260.00 | 0 | 0.36 | 18.66 | 29.93 | -42.1 |
| 2019 (6) | -3.39 | 0 | -97.88 | 0 | -142.14 | 0 | 20.61 | 69.86 | -144.15 | 0 | -144.94 | 0 | -92.22 | 0 | -30.76 | 0 | 0.22 | -31.25 | -120.00 | 0 | 387.18 | 206.87 | 98.74 | 3.31 | 1.26 | -71.48 | 0.31 | -11.35 | 51.69 | 52.39 |
| 2018 (5) | -2.56 | 0 | -34.98 | 0 | -56.91 | 0 | 12.13 | -18.5 | -59.47 | 0 | -59.31 | 0 | -38.23 | 0 | -18.64 | 0 | 0.32 | 28.0 | -44.92 | 0 | 126.17 | 56.33 | 95.58 | 3.06 | 4.42 | -39.1 | 0.34 | -12.77 | 33.92 | -20.04 |
| 2017 (4) | -1.83 | 0 | -34.90 | 0 | -43.89 | 0 | 14.89 | -5.73 | -47.48 | 0 | -49.45 | 0 | -20.49 | 0 | -11.89 | 0 | 0.25 | 25.0 | -30.53 | 0 | 80.71 | 44.77 | 92.74 | 16.59 | 7.26 | -64.52 | 0.39 | 0 | 42.42 | -21.66 |
| 2016 (3) | -1.14 | 0 | -5.18 | 0 | -46.14 | 0 | 15.79 | 3.83 | -57.92 | 0 | -55.39 | 0 | -16.28 | 0 | -10.76 | 0 | 0.20 | 33.33 | -40.79 | 0 | 55.75 | 31.11 | 79.55 | -33.03 | 20.45 | 0 | 0.00 | 0 | 54.15 | -15.56 |
| 2015 (2) | -2.61 | 0 | -115.18 | 0 | -160.59 | 0 | 15.21 | 11.23 | -135.37 | 0 | -133.14 | 0 | -29.07 | 0 | -19.73 | 0 | 0.15 | -6.25 | -117.51 | 0 | 42.52 | -10.45 | 118.77 | 0 | -18.77 | 0 | 0.00 | 0 | 64.13 | 8.13 |
| 2014 (1) | 2.45 | 0 | -13.32 | 0 | -58.98 | 0 | 13.67 | -5.88 | 107.43 | 0 | 105.71 | 0 | 26.98 | 0 | 17.12 | 0 | 0.16 | -48.39 | 123.83 | 0 | 47.48 | -39.37 | -54.91 | 0 | 155.27 | 215.96 | 0.00 | 0 | 59.31 | 101.6 |
