- 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) | -1.06 | -8.16 | 3.64 | 40.82 | -0.56 | -1.4 | -146.16 | 5.18 | -42.11 | -113.90 | -6.63 | -36.75 | -113.92 | -6.59 | -36.86 | -3.96 | -10.61 | -7.03 | -1.71 | -6.87 | 6.56 | 0.02 | 0.0 | 0.0 | -93.80 | -6.75 | -32.34 | 114.76 | 3.56 | 23.15 | 128.38 | -11.05 | 3.97 | -28.38 | 35.98 | -20.9 | 136.82 | -3.22 | 40.86 |
| 24Q2 (19) | -0.98 | 9.26 | 9.26 | 41.05 | -0.7 | -0.8 | -154.15 | 24.01 | -59.07 | -106.82 | 29.35 | -35.59 | -106.88 | 29.34 | -35.76 | -3.58 | 8.44 | 0.0 | -1.60 | 12.57 | 11.6 | 0.02 | 100.0 | 0.0 | -87.87 | 31.3 | -34.56 | 110.81 | 10.98 | 25.28 | 144.32 | 7.49 | 17.25 | -44.32 | -29.79 | -92.92 | 141.37 | -19.94 | 54.1 |
| 24Q1 (18) | -1.08 | 0.0 | -31.71 | 41.34 | -0.36 | 1.4 | -202.85 | -123.26 | -104.86 | -151.19 | -102.26 | -115.16 | -151.27 | -102.39 | -115.79 | -3.91 | -2.89 | -45.35 | -1.83 | -1.1 | -32.61 | 0.01 | -66.67 | -50.0 | -127.90 | -101.77 | -132.21 | 99.85 | -0.03 | 17.46 | 134.26 | 10.49 | -4.79 | -34.15 | -58.71 | 16.46 | 176.57 | 97.75 | 66.39 |
| 23Q4 (17) | -1.08 | 1.82 | 3.57 | 41.49 | 0.22 | 2.47 | -90.86 | 11.66 | -0.08 | -74.75 | 10.25 | 1.88 | -74.74 | 10.21 | 1.83 | -3.80 | -2.7 | -7.65 | -1.81 | 1.09 | 3.21 | 0.03 | 50.0 | 0.0 | -63.39 | 10.57 | 0.88 | 99.88 | 7.18 | 22.25 | 121.52 | -1.58 | 1.92 | -21.52 | 8.33 | -11.93 | 89.29 | -8.07 | 18.88 |
| 23Q3 (16) | -1.10 | -1.85 | 7.56 | 41.40 | 0.05 | 5.18 | -102.85 | -6.13 | 2.29 | -83.29 | -5.72 | 8.43 | -83.24 | -5.73 | 8.47 | -3.70 | -3.35 | -0.82 | -1.83 | -1.1 | 8.04 | 0.02 | 0.0 | 0.0 | -70.88 | -8.55 | 9.53 | 93.19 | 5.36 | 17.21 | 123.47 | 0.31 | 6.65 | -23.47 | -2.16 | -48.86 | 97.13 | 5.88 | 11.89 |
| 23Q2 (15) | -1.08 | -31.71 | -18.68 | 41.38 | 1.5 | 5.64 | -96.91 | 2.13 | 12.59 | -78.78 | -12.11 | -6.13 | -78.73 | -12.31 | -6.15 | -3.58 | -33.09 | -29.24 | -1.81 | -31.16 | -16.03 | 0.02 | 0.0 | 0.0 | -65.30 | -18.55 | -5.99 | 88.45 | 4.05 | 15.41 | 123.09 | -12.72 | -17.54 | -22.97 | 43.79 | 53.37 | 91.74 | -13.55 | -0.96 |
| 23Q1 (14) | -0.82 | 26.79 | 10.87 | 40.77 | 0.69 | 7.83 | -99.02 | -9.06 | -4.66 | -70.27 | 7.76 | -2.57 | -70.10 | 7.92 | -2.43 | -2.69 | 23.8 | 2.89 | -1.38 | 26.2 | 16.36 | 0.02 | -33.33 | 0.0 | -55.08 | 13.87 | 4.24 | 85.01 | 4.05 | 28.67 | 141.02 | 18.28 | 2.02 | -40.88 | -112.65 | -7.3 | 106.12 | 41.29 | 28.04 |
| 22Q4 (13) | -1.12 | 5.88 | -25.84 | 40.49 | 2.87 | 20.04 | -90.79 | 13.75 | -39.1 | -76.18 | 16.25 | -44.36 | -76.13 | 16.29 | -44.4 | -3.53 | 3.81 | -32.21 | -1.87 | 6.03 | -15.43 | 0.03 | 50.0 | 0.0 | -63.95 | 18.38 | -44.32 | 81.70 | 2.75 | 31.12 | 119.22 | 2.98 | -3.54 | -19.22 | -21.91 | 18.55 | 75.11 | -13.48 | 21.77 |
| 22Q3 (12) | -1.19 | -30.77 | -26.6 | 39.36 | 0.49 | 24.4 | -105.26 | 5.06 | -59.87 | -90.96 | -22.54 | -59.08 | -90.94 | -22.61 | -59.1 | -3.67 | -32.49 | -33.45 | -1.99 | -27.56 | -17.75 | 0.02 | 0.0 | -33.33 | -78.35 | -27.17 | -66.0 | 79.51 | 3.74 | 27.95 | 115.77 | -22.44 | 0.56 | -15.77 | 67.99 | -4.26 | 86.81 | -6.28 | 33.55 |
| 22Q2 (11) | -0.91 | 1.09 | -33.82 | 39.17 | 3.6 | 31.05 | -110.87 | -17.19 | -42.52 | -74.23 | -8.35 | -76.99 | -74.17 | -8.37 | -76.97 | -2.77 | 0.0 | -39.9 | -1.56 | 5.45 | -24.8 | 0.02 | 0.0 | -33.33 | -61.61 | -7.11 | -97.91 | 76.64 | 16.0 | 32.23 | 149.27 | 7.99 | -19.46 | -49.27 | -29.32 | 42.39 | 92.63 | 11.76 | 15.73 |
| 22Q1 (10) | -0.92 | -3.37 | 26.4 | 37.81 | 12.1 | 30.6 | -94.61 | -44.95 | 13.02 | -68.51 | -29.83 | 22.55 | -68.44 | -29.82 | 22.53 | -2.77 | -3.75 | 21.31 | -1.65 | -1.85 | 28.26 | 0.02 | -33.33 | -33.33 | -57.52 | -29.81 | 23.46 | 66.07 | 6.03 | 24.9 | 138.23 | 11.83 | 12.49 | -38.10 | -61.41 | -65.77 | 82.88 | 34.37 | 0.48 |
| 21Q4 (9) | -0.89 | 5.32 | 30.47 | 33.73 | 6.61 | 20.98 | -65.27 | 0.87 | 19.28 | -52.77 | 7.71 | 21.41 | -52.72 | 7.77 | 21.35 | -2.67 | 2.91 | 24.15 | -1.62 | 4.14 | 31.06 | 0.03 | 0.0 | -25.0 | -44.31 | 6.12 | 22.74 | 62.31 | 0.27 | 23.51 | 123.60 | 7.36 | 2.67 | -23.60 | -56.06 | -15.75 | 61.68 | -5.11 | 0.06 |
| 21Q3 (8) | -0.94 | -38.24 | 44.71 | 31.64 | 5.85 | 17.19 | -65.84 | 15.36 | 36.11 | -57.18 | -36.34 | 37.96 | -57.16 | -36.39 | 38.01 | -2.75 | -38.89 | 38.48 | -1.69 | -35.2 | 44.22 | 0.03 | 0.0 | 0.0 | -47.20 | -51.62 | 42.06 | 62.14 | 7.21 | 30.0 | 115.12 | -37.88 | 2.96 | -15.12 | 82.31 | -27.96 | 65.00 | -18.79 | -10.59 |
| 21Q2 (7) | -0.68 | 45.6 | 69.51 | 29.89 | 3.25 | 12.88 | -77.79 | 28.48 | 37.29 | -41.94 | 52.59 | 69.43 | -41.91 | 52.56 | 69.45 | -1.98 | 43.75 | 64.96 | -1.25 | 45.65 | 67.36 | 0.03 | 0.0 | 0.0 | -31.13 | 58.58 | 75.1 | 57.96 | 9.57 | 22.2 | 185.34 | 50.82 | 105.03 | -85.51 | -272.1 | -990.39 | 80.04 | -2.96 | 0 |
| 21Q1 (6) | -1.25 | 2.34 | 39.02 | 28.95 | 3.84 | 10.29 | -108.77 | -34.52 | 21.89 | -88.46 | -31.73 | 30.67 | -88.34 | -31.79 | 30.65 | -3.52 | 0.0 | 29.32 | -2.30 | 2.13 | 31.14 | 0.03 | -25.0 | 0.0 | -75.15 | -31.04 | 34.76 | 52.90 | 4.86 | 13.35 | 122.88 | 2.07 | 12.6 | -22.98 | -12.7 | -151.6 | 82.48 | 33.81 | 0 |
| 20Q4 (5) | -1.28 | 24.71 | 55.4 | 27.88 | 3.26 | 8.57 | -80.86 | 21.54 | 33.8 | -67.15 | 27.14 | 48.72 | -67.03 | 27.31 | 48.72 | -3.52 | 21.25 | 46.01 | -2.35 | 22.44 | 45.22 | 0.04 | 33.33 | 33.33 | -57.35 | 29.61 | 48.22 | 50.45 | 5.54 | -0.45 | 120.39 | 7.67 | 29.03 | -20.39 | -72.53 | -402.68 | 61.64 | -15.21 | -29.77 |
| 20Q3 (4) | -1.70 | 23.77 | 0.0 | 27.00 | 1.96 | 0.0 | -103.06 | 16.91 | 0.0 | -92.16 | 32.82 | 0.0 | -92.21 | 32.78 | 0.0 | -4.47 | 20.88 | 0.0 | -3.03 | 20.89 | 0.0 | 0.03 | 0.0 | 0.0 | -81.47 | 34.83 | 0.0 | 47.80 | 0.78 | 0.0 | 111.82 | 23.7 | 0.0 | -11.82 | -223.06 | 0.0 | 72.70 | 0 | 0.0 |
| 20Q2 (3) | -2.23 | -8.78 | 0.0 | 26.48 | 0.88 | 0.0 | -124.04 | 10.92 | 0.0 | -137.19 | -7.52 | 0.0 | -137.18 | -7.69 | 0.0 | -5.65 | -13.45 | 0.0 | -3.83 | -14.67 | 0.0 | 0.03 | 0.0 | 0.0 | -125.02 | -8.53 | 0.0 | 47.43 | 1.63 | 0.0 | 90.40 | -17.17 | 0.0 | 9.60 | 205.15 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -2.05 | 28.57 | 0.0 | 26.25 | 2.22 | 0.0 | -139.25 | -14.01 | 0.0 | -127.59 | 2.56 | 0.0 | -127.38 | 2.56 | 0.0 | -4.98 | 23.62 | 0.0 | -3.34 | 22.14 | 0.0 | 0.03 | 0.0 | 0.0 | -115.19 | -4.01 | 0.0 | 46.67 | -7.91 | 0.0 | 109.13 | 16.96 | 0.0 | -9.13 | -235.58 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -2.87 | 0.0 | 0.0 | 25.68 | 0.0 | 0.0 | -122.14 | 0.0 | 0.0 | -130.94 | 0.0 | 0.0 | -130.72 | 0.0 | 0.0 | -6.52 | 0.0 | 0.0 | -4.29 | 0.0 | 0.0 | 0.03 | 0.0 | 0.0 | -110.75 | 0.0 | 0.0 | 50.68 | 0.0 | 0.0 | 93.31 | 0.0 | 0.0 | 6.74 | 0.0 | 0.0 | 87.77 | 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) | -4.09 | 0 | 41.28 | 5.2 | -97.21 | 0 | 7.15 | -19.14 | -76.93 | 0 | -76.86 | 0 | -14.04 | 0 | -6.94 | 0 | 0.10 | 0.0 | -63.90 | 0 | 99.88 | 22.25 | 126.36 | -2.04 | -26.36 | 0 | 0.40 | 130.17 | 95.59 | 13.89 |
| 2022 (9) | -4.13 | 0 | 39.24 | 26.01 | -99.89 | 0 | 8.85 | -6.32 | -77.44 | 0 | -77.39 | 0 | -12.93 | 0 | -7.28 | 0 | 0.10 | -16.67 | -65.32 | 0 | 81.70 | 31.12 | 129.00 | -2.69 | -29.00 | 0 | 0.17 | 126.67 | 83.93 | 16.73 |
| 2021 (8) | -3.75 | 0 | 31.14 | 15.55 | -78.36 | 0 | 9.44 | -12.57 | -59.10 | 0 | -59.05 | 0 | -10.85 | 0 | -6.86 | 0 | 0.12 | 0.0 | -48.54 | 0 | 62.31 | 23.51 | 132.56 | 25.01 | -32.59 | 0 | 0.08 | -66.0 | 71.90 | -20.74 |
| 2020 (7) | -7.27 | 0 | 26.95 | 33.09 | -110.09 | 0 | 10.80 | 50.21 | -103.80 | 0 | -103.74 | 0 | -18.55 | 0 | -12.29 | 0 | 0.12 | -29.41 | -92.59 | 0 | 50.45 | -0.45 | 106.04 | 1.4 | -6.06 | 0 | 0.23 | 9.5 | 90.71 | 40.27 |
| 2019 (6) | -11.43 | 0 | 20.25 | 833.18 | -98.36 | 0 | 7.19 | 196.32 | -94.05 | 0 | -93.99 | 0 | -23.47 | 0 | -15.60 | 0 | 0.17 | -51.43 | -75.85 | 0 | 50.68 | 1.89 | 104.58 | 0 | -4.58 | 0 | 0.21 | -88.15 | 64.67 | 75.88 |
| 2018 (5) | 14.72 | 0 | 2.17 | 0.46 | -58.82 | 0 | 2.43 | 49.82 | 72.57 | 0 | 50.65 | 0 | 30.46 | 0 | 17.91 | 0 | 0.35 | -52.05 | 80.05 | 0 | 49.74 | -48.95 | -81.05 | 0 | 181.05 | 0 | 1.74 | 0 | 36.77 | 93.22 |
| 2017 (4) | -20.58 | 0 | 2.16 | -82.1 | -28.05 | 0 | 1.62 | -27.75 | -27.30 | 0 | -27.24 | 0 | -39.58 | 0 | -19.90 | 0 | 0.73 | 8.96 | -23.39 | 0 | 97.44 | -1.81 | 102.75 | -25.55 | -2.75 | 0 | 0.00 | 0 | 19.03 | 19.46 |
| 2016 (3) | -12.81 | 0 | 12.07 | -33.09 | -18.69 | 0 | 2.24 | 7.43 | -13.54 | 0 | -13.51 | 0 | -18.12 | 0 | -9.08 | 0 | 0.67 | -19.28 | -9.20 | 0 | 99.24 | -0.47 | 138.02 | 51.42 | -38.02 | 0 | 0.00 | 0 | 15.93 | 22.82 |
| 2015 (2) | -18.79 | 0 | 18.04 | -16.83 | -11.67 | 0 | 2.09 | 32.78 | -12.80 | 0 | -12.77 | 0 | -21.41 | 0 | -10.59 | 0 | 0.83 | -25.89 | -9.10 | 0 | 99.71 | -4.08 | 91.15 | 170.18 | 8.84 | -86.66 | 0.00 | 0 | 12.97 | 39.31 |
| 2014 (1) | 1.80 | 0 | 21.69 | 0 | 0.36 | 0 | 1.57 | 9.58 | 1.06 | 0 | 0.79 | 0 | 1.88 | 0 | 0.89 | 0 | 1.12 | 4.67 | 3.63 | 57.14 | 103.95 | -14.9 | 33.74 | -98.33 | 66.31 | 0 | 0.00 | 0 | 9.31 | 3.33 |
