- 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) | -0.27 | 35.71 | -200.0 | 36.10 | -59.58 | 306.76 | -487.14 | 97.97 | 99.17 | -466.37 | 98.01 | 99.27 | -466.40 | 98.01 | 99.18 | -2.04 | 33.55 | -200.0 | -0.40 | 36.51 | -150.0 | 0.00 | 0 | 0 | -450.00 | 97.04 | 0 | 430.60 | 11.93 | 49.54 | 103.60 | 1.11 | 12.0 | -4.50 | -82.43 | -160.06 | 39.39 | -96.94 | -99.61 |
| 24Q2 (19) | -0.42 | -320.0 | -600.0 | 89.32 | 264.72 | 743.44 | -23990.90 | 17.53 | -30992.41 | -23420.50 | 41.44 | -30761.11 | -23461.60 | 42.62 | -32847.06 | -3.07 | -298.7 | -648.78 | -0.63 | -350.0 | -530.0 | 0.00 | 0 | 0 | -15200.00 | 0 | -26079.81 | 384.69 | 9.08 | 36.8 | 102.47 | 37.8 | -1.8 | -2.47 | -108.75 | 0 | 1287.01 | -85.89 | 5052.16 |
| 24Q1 (18) | -0.10 | 0.0 | -111.24 | 24.49 | 240.26 | -10.29 | -29088.80 | 55.15 | -127906.68 | -39992.90 | 39.0 | -176825.14 | -40886.70 | 32.67 | -220276.09 | -0.77 | -5.48 | -111.94 | -0.14 | 17.65 | -107.87 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 352.68 | 15.67 | 36.06 | 74.36 | -25.64 | -26.0 | 28.21 | 0 | 5910.26 | 9118.37 | -24.33 | 646592.91 |
| 23Q4 (17) | -0.10 | -11.11 | -152.63 | -17.46 | 0.0 | -170.55 | -64860.30 | -10.07 | -398749.66 | -65557.10 | -3.05 | -421960.36 | -60727.00 | -6.12 | -505736.97 | -0.73 | -7.35 | -152.52 | -0.17 | -6.25 | -141.46 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 304.91 | 5.89 | 12.11 | 100.00 | 8.11 | -4.17 | -0.00 | -100.0 | 100.0 | 12050.80 | 19.9 | 470634.38 |
| 23Q3 (16) | -0.09 | -50.0 | -200.0 | -17.46 | -264.87 | -160.52 | -58927.00 | -76269.88 | -498.65 | -63617.50 | -83728.57 | -444.63 | -57225.40 | -80261.47 | -520.65 | -0.68 | -65.85 | -257.89 | -0.16 | -60.0 | -300.0 | 0.00 | 0 | 0 | 0.00 | 100.0 | 0 | 287.95 | 2.4 | 10.92 | 92.50 | -11.35 | 11.0 | 7.50 | 0 | -55.0 | 10050.80 | 40135.39 | 0.5 |
| 23Q2 (15) | -0.06 | -106.74 | -142.86 | 10.59 | -61.21 | -59.52 | -77.16 | -439.02 | -503.77 | -75.89 | -435.35 | -497.75 | -71.21 | -483.47 | -553.86 | -0.41 | -106.36 | -141.84 | -0.10 | -105.62 | -133.33 | 0.00 | -100.0 | -100.0 | -58.06 | -353.87 | -387.57 | 281.20 | 8.48 | 19.82 | 104.35 | 3.84 | 4.35 | -0.00 | 100.0 | 0 | 24.98 | 1671.63 | 440.69 |
| 23Q1 (14) | 0.89 | 368.42 | 147.22 | 27.30 | 10.3 | 4.52 | 22.76 | 39.89 | 14.14 | 22.63 | 45.62 | 19.48 | 18.57 | 54.62 | 19.73 | 6.45 | 364.03 | 135.4 | 1.78 | 334.15 | 122.5 | 0.10 | 233.33 | 100.0 | 22.87 | 35.65 | 12.83 | 259.21 | -4.7 | 9.56 | 100.49 | -3.7 | -4.45 | -0.49 | 88.83 | 90.59 | 1.41 | -44.92 | -41.98 |
| 22Q4 (13) | 0.19 | 733.33 | -80.81 | 24.75 | -14.21 | -1.28 | 16.27 | 100.17 | -20.4 | 15.54 | 100.13 | -23.41 | 12.01 | 100.13 | -27.48 | 1.39 | 831.58 | -82.62 | 0.41 | 1125.0 | -79.4 | 0.03 | 0 | -75.0 | 16.86 | 0 | -17.92 | 271.98 | 4.77 | -6.58 | 104.35 | 25.22 | 3.57 | -4.35 | -126.09 | -478.26 | 2.56 | -99.97 | 98.45 |
| 22Q3 (12) | -0.03 | -121.43 | -160.0 | 28.85 | 10.28 | 28.85 | -9843.27 | -51608.48 | -102634.06 | -11680.80 | -61320.13 | -124628.78 | -9220.19 | -58864.75 | -98606.3 | -0.19 | -119.39 | -145.24 | -0.04 | -113.33 | -136.36 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 259.59 | 10.61 | -18.97 | 83.33 | -16.67 | -16.67 | 16.67 | 0 | 0 | 10001.00 | 216371.86 | 150517.47 |
| 22Q2 (11) | 0.14 | -61.11 | -17.65 | 26.16 | 0.15 | 15.7 | 19.11 | -4.16 | 53.49 | 19.08 | 0.74 | 53.62 | 15.69 | 1.16 | 26.63 | 0.98 | -64.23 | -34.23 | 0.30 | -62.5 | -21.05 | 0.02 | -60.0 | -33.33 | 20.19 | -0.39 | 56.15 | 234.69 | -0.81 | -23.18 | 100.00 | -4.91 | 0.0 | 0.00 | 100.0 | 0 | 4.62 | 90.12 | 89.34 |
| 22Q1 (10) | 0.36 | -63.64 | 33.33 | 26.12 | 4.19 | 3.82 | 19.94 | -2.45 | 28.89 | 18.94 | -6.65 | 22.83 | 15.51 | -6.34 | 0.65 | 2.74 | -65.75 | 14.64 | 0.80 | -59.8 | 17.65 | 0.05 | -58.33 | 25.0 | 20.27 | -1.31 | 27.97 | 236.60 | -18.73 | -16.15 | 105.16 | 4.38 | 4.01 | -5.16 | -586.45 | 0 | 2.43 | 88.37 | 19.12 |
| 21Q4 (9) | 0.99 | 1880.0 | 518.75 | 25.07 | 11.97 | 77.42 | 20.44 | 112.92 | 412.28 | 20.29 | 116.31 | 417.6 | 16.56 | 76.92 | 327.91 | 8.00 | 1804.76 | 475.54 | 1.99 | 1709.09 | 410.26 | 0.12 | 1100.0 | 20.0 | 20.54 | 90.19 | 392.57 | 291.13 | -9.13 | 27.46 | 100.75 | 0.75 | -1.39 | -0.75 | 0 | 65.41 | 1.29 | -80.57 | 111.48 |
| 21Q3 (8) | 0.05 | -70.59 | 116.13 | 22.39 | -0.97 | 161.33 | 9.60 | -22.89 | 100.01 | 9.38 | -24.48 | 100.01 | 9.36 | -24.46 | 100.01 | 0.42 | -71.81 | 113.55 | 0.11 | -71.05 | 114.67 | 0.01 | -66.67 | 0 | 10.80 | -16.47 | 0 | 320.38 | 4.87 | -1.51 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0 | 6.64 | 172.13 | -99.96 |
| 21Q2 (7) | 0.17 | -37.04 | 145.95 | 22.61 | -10.14 | 161.93 | 12.45 | -19.52 | 100.01 | 12.42 | -19.46 | 100.01 | 12.39 | -19.6 | 100.01 | 1.49 | -37.66 | 141.74 | 0.38 | -44.12 | 139.18 | 0.03 | -25.0 | 0 | 12.93 | -18.37 | 0 | 305.49 | 8.27 | 5.33 | 100.00 | -1.1 | 2.02 | 0.00 | 0 | -100.0 | 2.44 | 19.61 | -99.99 |
| 21Q1 (6) | 0.27 | 68.75 | 208.0 | 25.16 | 78.06 | 168.91 | 15.47 | 287.72 | 100.01 | 15.42 | 293.37 | 100.01 | 15.41 | 298.19 | 100.01 | 2.39 | 71.94 | 201.7 | 0.68 | 74.36 | 190.67 | 0.04 | -60.0 | 0 | 15.84 | 279.86 | 0 | 282.16 | 23.53 | 21.78 | 101.11 | -1.04 | 1.11 | 0.00 | 100.0 | 0 | 2.04 | 234.43 | 0 |
| 20Q4 (5) | 0.16 | 151.61 | 166.67 | 14.13 | 138.7 | 138.7 | 3.99 | 100.0 | 100.0 | 3.92 | 100.0 | 100.0 | 3.87 | 100.0 | 100.0 | 1.39 | 144.84 | 169.5 | 0.39 | 152.0 | 156.52 | 0.10 | 0 | 0 | 4.17 | 0 | 0 | 228.41 | -29.78 | 15.38 | 102.17 | 2.17 | 0.5 | -2.17 | 0 | 34.78 | 0.61 | -100.0 | -100.0 |
| 20Q3 (4) | -0.31 | 16.22 | 0.0 | -36.51 | 0.0 | 0.0 | -136051.00 | 13.53 | 0.0 | -136627.00 | 14.96 | 0.0 | -136627.00 | 14.95 | 0.0 | -3.10 | 13.17 | 0.0 | -0.75 | 22.68 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 325.30 | 12.16 | 0.0 | 100.00 | 2.02 | 0.0 | -0.00 | -100.0 | 0.0 | 16261.90 | -14.12 | 0.0 |
| 20Q2 (3) | -0.37 | -48.0 | 0.0 | -36.51 | 0.0 | 0.0 | -157346.00 | -43.97 | 0.0 | -160654.00 | -47.49 | 0.0 | -160651.00 | -47.49 | 0.0 | -3.57 | -51.91 | 0.0 | -0.97 | -29.33 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 290.04 | 25.18 | 0.0 | 98.02 | -1.98 | 0.0 | 1.98 | 0 | 0.0 | 18936.50 | 0 | 0.0 |
| 20Q1 (2) | -0.25 | -4.17 | 0.0 | -36.51 | 0.0 | 0.0 | -109289.00 | -12.34 | 0.0 | -108925.00 | -15.13 | 0.0 | -108925.00 | -15.13 | 0.0 | -2.35 | -17.5 | 0.0 | -0.75 | -8.7 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 231.69 | 17.04 | 0.0 | 100.00 | -1.64 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.24 | 0.0 | 0.0 | -36.51 | 0.0 | 0.0 | -97282.50 | 0.0 | 0.0 | -94606.40 | 0.0 | 0.0 | -94606.40 | 0.0 | 0.0 | -2.00 | 0.0 | 0.0 | -0.69 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 197.96 | 0.0 | 0.0 | 101.67 | 0.0 | 0.0 | -3.33 | 0.0 | 0.0 | 14739.70 | 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) | 0.64 | 0.0 | 27.02 | 5.3 | 16.88 | -5.91 | 0.27 | 16.82 | 16.59 | -2.98 | 13.06 | -5.29 | 4.62 | -8.88 | 1.24 | -12.68 | 0.09 | -10.0 | 17.68 | -4.79 | 304.91 | 12.11 | 101.63 | -2.96 | -1.63 | 0 | 0.00 | -55.2 | 2.55 | -26.72 |
| 2022 (9) | 0.64 | -57.05 | 25.66 | 4.39 | 17.94 | 0.96 | 0.23 | 47.78 | 17.10 | -3.12 | 13.79 | -10.16 | 5.07 | -58.75 | 1.42 | -58.72 | 0.10 | -54.55 | 18.57 | 3.0 | 271.98 | -6.58 | 104.73 | 3.99 | -5.07 | 0 | 0.01 | -13.8 | 3.48 | 84.13 |
| 2021 (8) | 1.49 | 0 | 24.58 | 73.96 | 17.77 | 0 | 0.16 | -63.21 | 17.65 | 0 | 15.35 | 0 | 12.29 | 0 | 3.44 | 0 | 0.22 | 100.0 | 18.03 | 0 | 291.13 | 27.46 | 100.71 | 2.17 | -0.71 | 0 | 0.01 | 48.48 | 1.89 | -40.19 |
| 2020 (7) | -0.73 | 0 | 14.13 | -81.09 | -17.60 | 0 | 0.43 | -99.89 | -17.86 | 0 | -17.91 | 0 | -6.29 | 0 | -1.95 | 0 | 0.11 | 0 | -16.94 | 0 | 228.41 | 15.38 | 98.57 | -52.41 | 1.43 | 0 | 0.01 | -28.41 | 3.16 | -99.85 |
| 2019 (6) | -0.38 | 0 | 74.72 | 3327.52 | -10662.60 | 0 | 400.00 | 43500.0 | -5154.22 | 0 | -6924.47 | 0 | -3.46 | 0 | -1.24 | 0 | 0.00 | 0 | -6500.00 | 0 | 197.96 | 30.33 | 207.14 | 195.29 | -107.14 | 0 | 0.01 | -28.72 | 2156.50 | 20695.56 |
| 2018 (5) | -0.40 | 0 | 2.18 | -84.24 | -21.46 | 0 | 0.92 | -70.18 | -30.51 | 0 | -32.06 | 0 | -3.72 | 0 | -1.62 | 0 | 0.05 | 25.0 | -27.06 | 0 | 151.89 | 279.82 | 70.15 | 244.17 | 29.85 | -62.51 | 0.02 | 0 | 10.37 | -66.04 |
| 2017 (4) | -1.18 | 0 | 13.83 | -26.98 | -48.83 | 0 | 3.08 | 96.92 | -241.27 | 0 | -241.46 | 0 | -12.30 | 0 | -8.17 | 0 | 0.04 | -42.86 | -220.00 | 0 | 39.99 | -6.17 | 20.38 | -74.18 | 79.62 | 278.18 | 0.00 | 0 | 30.54 | 117.68 |
| 2016 (3) | -0.16 | 0 | 18.94 | -26.7 | -11.46 | 0 | 1.56 | 6.25 | -14.92 | 0 | -15.26 | 0 | -1.51 | 0 | -0.73 | 0 | 0.07 | -12.5 | -7.03 | 0 | 42.62 | 10.67 | 78.95 | 0 | 21.05 | -95.22 | 0.00 | 0 | 14.03 | 1.45 |
| 2015 (2) | 0.01 | -97.87 | 25.84 | -20.86 | -12.47 | 0 | 1.47 | 413.24 | 3.79 | -79.74 | 0.60 | -96.27 | 0.06 | -98.61 | 0.28 | -92.59 | 0.08 | -63.64 | 8.82 | -56.64 | 38.51 | 143.12 | -340.00 | 0 | 440.00 | 1942.86 | 0.00 | 0 | 13.83 | 119.87 |
| 2014 (1) | 0.47 | -68.03 | 32.65 | 0 | 14.83 | 0 | 0.29 | 434.96 | 18.71 | 0 | 16.09 | 0 | 4.31 | 0 | 3.78 | 0 | 0.22 | -78.0 | 20.34 | 39.12 | 15.84 | -44.32 | 80.00 | -21.2 | 21.54 | 0 | 0.00 | 0 | 6.29 | 391.41 |
