- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | -0.84 | -1100.0 | -546.15 | 65.11 | -7.91 | -6.1 | -108.32 | -518.39 | -2366.11 | -281.42 | -1232.47 | -2759.96 | -281.42 | -1572.63 | -1687.93 | -21.87 | -311.1 | -1722.5 | -9.31 | -322.2 | -5718.75 | 0.03 | -85.0 | 0.0 | -144.44 | -408.43 | -238.66 | 97.63 | -38.38 | -39.2 | 38.00 | -64.3 | 176.0 | 62.00 | 2022.0 | -69.0 | 116.38 | 259.42 | 158.16 |
| 23Q4 (19) | -0.07 | -163.64 | 36.36 | 70.70 | 18.66 | 11.04 | 25.89 | 131.54 | 1.25 | 24.85 | -74.53 | 10.54 | 19.11 | -80.39 | 21.64 | 10.36 | 285.13 | 69.56 | 4.19 | 249.17 | 73.14 | 0.20 | 1900.0 | 42.86 | 46.83 | -90.31 | 3.04 | 158.43 | -9.77 | -4.59 | 106.45 | 227.74 | -4.95 | -3.23 | -101.61 | 73.12 | 32.38 | -63.15 | 19.97 |
| 23Q3 (18) | 0.11 | 266.67 | 320.0 | 59.58 | 0 | -16.31 | -82.08 | 0 | -403.89 | 97.57 | 0 | 581.35 | 97.44 | 0 | 506.0 | 2.69 | 444.87 | 329.91 | 1.20 | 11900.0 | 4100.0 | 0.01 | 0 | -50.0 | 483.33 | 341.66 | 132.0 | 175.58 | -13.28 | -18.45 | -83.33 | -120.83 | 44.44 | 200.00 | 175.0 | -33.33 | 87.87 | 2730.84 | 96.31 |
| 23Q2 (17) | 0.03 | 123.08 | 123.08 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -0.78 | 35.0 | 75.24 | 0.01 | 106.25 | 101.59 | 0.00 | -100.0 | -100.0 | -200.00 | -291.99 | -220.0 | 202.46 | 26.09 | -9.45 | 400.00 | 900.0 | 3100.0 | -266.67 | -233.33 | -455.56 | -3.34 | -107.41 | -107.52 |
| 23Q1 (16) | -0.13 | -18.18 | 56.67 | 69.34 | 8.91 | 1.7 | 4.78 | -81.31 | 105.89 | -9.84 | -143.77 | 93.15 | -15.74 | -200.19 | 89.04 | -1.20 | -119.64 | 82.43 | -0.16 | -106.61 | 91.11 | 0.03 | -78.57 | 200.0 | 104.17 | 129.2 | 35.43 | 160.57 | -3.3 | -28.02 | -50.00 | -144.64 | -190.0 | 200.00 | 1766.67 | 350.0 | 45.08 | 67.02 | -21.46 |
| 22Q4 (15) | -0.11 | -120.0 | 78.43 | 63.67 | -10.56 | -17.77 | 25.57 | -5.33 | 128.3 | 22.48 | 210.9 | 113.61 | 15.71 | 165.46 | 109.38 | 6.11 | 622.22 | 154.26 | 2.42 | 8166.67 | 206.61 | 0.14 | 600.0 | 600.0 | 45.45 | -78.18 | -31.83 | 166.05 | -22.88 | -21.97 | 112.00 | 174.67 | 103.64 | -12.00 | -104.0 | -126.67 | 26.99 | -39.7 | -32.68 |
| 22Q3 (14) | -0.05 | 61.54 | 16.67 | 71.19 | 0.11 | 5.61 | 27.01 | 389.19 | 222.38 | -20.27 | 67.27 | 41.25 | -24.00 | 63.31 | 29.62 | -1.17 | 62.86 | 76.02 | -0.03 | 95.24 | 86.36 | 0.02 | 100.0 | 0.0 | 208.33 | 25.0 | 26.81 | 215.30 | -3.71 | -66.95 | -150.00 | -1300.0 | -350.0 | 300.00 | 300.0 | 650.0 | 44.76 | 0.83 | -2.31 |
| 22Q2 (13) | -0.13 | 56.67 | 27.78 | 71.11 | 4.3 | -18.33 | -9.34 | 88.5 | 80.59 | -61.94 | 56.88 | 26.02 | -65.42 | 54.45 | 23.78 | -3.15 | 53.88 | 76.79 | -0.63 | 65.0 | 56.55 | 0.01 | 0.0 | -50.0 | 166.67 | 116.68 | 88.88 | 223.59 | 0.23 | -65.68 | 12.50 | -77.5 | -78.12 | 75.00 | 68.75 | 75.0 | 44.39 | -22.67 | 15.21 |
| 22Q1 (12) | -0.30 | 41.18 | -328.57 | 68.18 | -11.95 | 85.27 | -81.19 | 10.13 | -617.23 | -143.63 | 13.05 | -664.8 | -143.63 | 14.2 | -664.8 | -6.83 | 39.34 | 10.95 | -1.80 | 20.7 | -1185.71 | 0.01 | -50.0 | -66.67 | 76.92 | 15.37 | -23.08 | 223.07 | 4.83 | -62.33 | 55.56 | 1.01 | -7.41 | 44.44 | -1.23 | 11.11 | 57.40 | 43.18 | 40.38 |
| 21Q4 (11) | -0.51 | -750.0 | -88.89 | 77.43 | 14.86 | 85.46 | -90.34 | -309.33 | -62.51 | -165.18 | -378.78 | -153.07 | -167.40 | -390.91 | -159.13 | -11.26 | -130.74 | 97.91 | -2.27 | -931.82 | -13.5 | 0.02 | 0.0 | -50.0 | 66.67 | -59.42 | 86.7 | 212.80 | -67.34 | -98.32 | 55.00 | -8.33 | -38.12 | 45.00 | 12.5 | 170.0 | 40.09 | -12.51 | 138.21 |
| 21Q3 (10) | -0.06 | 66.67 | 71.43 | 67.41 | -22.58 | 465.52 | -22.07 | 54.13 | -18.02 | -34.50 | 58.79 | -36.2 | -34.10 | 60.27 | -34.62 | -4.88 | 64.04 | 97.58 | -0.22 | 84.83 | 80.53 | 0.02 | 0.0 | -66.67 | 164.29 | 86.19 | 318.15 | 651.50 | -0.01 | -99.01 | 60.00 | 5.0 | -23.64 | 40.00 | -6.67 | 40.0 | 45.82 | 18.92 | 0 |
| 21Q2 (9) | -0.18 | -157.14 | 84.75 | 87.07 | 136.6 | 329.55 | -48.11 | -325.0 | 45.97 | -83.72 | -345.79 | 66.57 | -85.83 | -357.03 | 65.73 | -13.57 | -76.92 | 98.1 | -1.45 | -935.71 | 81.1 | 0.02 | -33.33 | -33.33 | 88.24 | -11.76 | 167.23 | 651.57 | 10.04 | -91.44 | 57.14 | -4.76 | 57.64 | 42.86 | 7.14 | -34.07 | 38.53 | -5.77 | 0 |
| 21Q1 (8) | -0.07 | 74.07 | 87.5 | 36.80 | -11.86 | 337.88 | -11.32 | 79.64 | 83.02 | -18.78 | 71.23 | 75.76 | -18.78 | 70.93 | 75.76 | -7.67 | 98.57 | 98.04 | -0.14 | 93.0 | 95.82 | 0.03 | -25.0 | -40.0 | 100.00 | 180.03 | 0 | 592.11 | -95.34 | -94.28 | 60.00 | -32.5 | -30.91 | 40.00 | 140.0 | 204.0 | 40.89 | 142.96 | 0 |
| 20Q4 (7) | -0.27 | -28.57 | -1450.0 | 41.75 | 250.25 | 65.02 | -55.59 | -197.27 | -3088.71 | -65.27 | -157.68 | -4601.38 | -64.60 | -155.03 | -4241.03 | -538.09 | -166.63 | -4220.14 | -2.00 | -76.99 | -412.5 | 0.04 | -33.33 | -50.0 | 35.71 | -9.11 | -26.84 | 12701.00 | -80.74 | 21.58 | 88.89 | 13.13 | -55.56 | 16.67 | -41.67 | 0 | 16.83 | 0 | 0 |
| 20Q3 (6) | -0.21 | 82.2 | -200.0 | 11.92 | 131.43 | -49.87 | -18.70 | 79.0 | -79.29 | -25.33 | 89.88 | -283.21 | -25.33 | 89.88 | -283.21 | -201.81 | 71.77 | -441.92 | -1.13 | 85.27 | -969.23 | 0.06 | 100.0 | 0.0 | 39.29 | 129.94 | -17.06 | 65953.60 | 766.82 | 518.92 | 78.57 | 116.75 | -50.89 | 28.57 | -56.04 | 147.62 | 0.00 | 0 | -100.0 |
| 20Q2 (5) | -1.18 | -110.71 | -1585.71 | -37.93 | -145.18 | -301.97 | -89.05 | -33.61 | -2800.65 | -250.42 | -223.21 | -7605.23 | -250.42 | -223.21 | -7824.68 | -714.92 | -82.79 | -2888.8 | -7.67 | -128.96 | -1195.71 | 0.03 | -40.0 | -62.5 | -131.25 | 0 | -331.6 | 7608.67 | -26.52 | -10.02 | 36.25 | -58.26 | -63.75 | 65.00 | 394.0 | 0 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | -0.56 | -2900.0 | 0.0 | -15.47 | -161.15 | 0.0 | -66.65 | -3683.33 | 0.0 | -77.48 | -5443.45 | 0.0 | -77.48 | -5066.67 | 0.0 | -391.11 | -3094.72 | 0.0 | -3.35 | -623.44 | 0.0 | 0.05 | -37.5 | 0.0 | 0.00 | -100.0 | 0.0 | 10354.30 | -0.88 | 0.0 | 86.84 | -56.58 | 0.0 | 13.16 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (3) | 0.02 | 128.57 | 0.0 | 25.30 | 6.39 | 0.0 | 1.86 | 117.83 | 0.0 | 1.45 | 121.94 | 0.0 | 1.56 | 123.6 | 0.0 | 13.06 | 135.07 | 0.0 | 0.64 | 392.31 | 0.0 | 0.08 | 33.33 | 0.0 | 48.81 | 3.04 | 0.0 | 10446.60 | -1.97 | 0.0 | 200.00 | 25.0 | 0.0 | -0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | -0.07 | 0.0 | 0.0 | 23.78 | 26.62 | 0.0 | -10.43 | -239.74 | 0.0 | -6.61 | -103.38 | 0.0 | -6.61 | -109.18 | 0.0 | -37.24 | -55.69 | 0.0 | 0.13 | -81.43 | 0.0 | 0.06 | -25.0 | 0.0 | 47.37 | -16.41 | 0.0 | 10656.20 | 26.02 | 0.0 | 160.00 | 60.0 | 0.0 | -60.00 | 0 | 0.0 | 34.96 | 35.82 | 0.0 |
| 19Q2 (1) | -0.07 | 0.0 | 0.0 | 18.78 | 0.0 | 0.0 | -3.07 | 0.0 | 0.0 | -3.25 | 0.0 | 0.0 | -3.16 | 0.0 | 0.0 | -23.92 | 0.0 | 0.0 | 0.70 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 56.67 | 0.0 | 0.0 | 8455.77 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 25.74 | 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) | -0.06 | 0 | 67.53 | 3.42 | 11.49 | -15.64 | 63.01 | -1.08 | 21.82 | 0 | 16.72 | 0 | 8.96 | 0 | 4.59 | 0 | 0.20 | 17.65 | 93.15 | 29.52 | 158.43 | -4.59 | 53.12 | 0 | 46.88 | -93.89 | 0.00 | 0 | 39.52 | 21.6 |
| 2022 (9) | -0.60 | 0 | 65.30 | 3.47 | 13.62 | 0 | 63.70 | -56.21 | -2.30 | 0 | -7.97 | 0 | -3.94 | 0 | -0.11 | 0 | 0.17 | 112.5 | 71.92 | -32.19 | 166.05 | -21.97 | -666.67 | 0 | 766.67 | 1635.09 | 0.12 | -66.55 | 32.50 | -21.04 |
| 2021 (8) | -1.09 | 0 | 63.11 | 0 | -37.30 | 0 | 145.45 | 101.21 | -65.24 | 0 | -66.10 | 0 | -31.57 | 0 | -3.96 | 0 | 0.08 | -57.89 | 106.06 | 0 | 212.80 | -98.32 | 58.14 | 0.91 | 44.19 | 4.25 | 0.35 | 152.46 | 41.16 | 2.82 |
| 2020 (7) | -2.21 | 0 | -0.83 | 0 | -52.84 | 0 | 72.29 | 60.72 | -91.25 | 0 | -91.14 | 0 | -1941.76 | 0 | -15.34 | 0 | 0.19 | -55.81 | -6.02 | 0 | 12701.00 | 21.58 | 57.62 | -52.26 | 42.38 | 0 | 0.14 | 46.3 | 40.03 | 33.79 |
| 2019 (6) | -0.43 | 0 | 18.87 | 190.31 | -8.03 | 0 | 44.98 | 114.56 | -6.68 | 0 | -6.63 | 0 | -112.39 | 0 | 1.07 | 98.15 | 0.43 | -28.33 | 50.23 | 117.07 | 10446.60 | 352.57 | 120.69 | -98.99 | -20.69 | 0 | 0.10 | -52.14 | 29.92 | 1.84 |
| 2018 (5) | -0.06 | 0 | 6.50 | -56.05 | -18.39 | 0 | 20.96 | 1.72 | -0.16 | 0 | -0.66 | 0 | -9.56 | 0 | 0.54 | 0 | 0.60 | 7.14 | 23.14 | 0 | 2308.29 | -0.25 | 11900.00 | 21670.54 | -11700.00 | 0 | 0.20 | 0 | 29.38 | 10.74 |
| 2017 (4) | -4.05 | 0 | 14.79 | 40.59 | -17.05 | 0 | 20.61 | -7.1 | -31.13 | 0 | -32.44 | 0 | -706.86 | 0 | -15.60 | 0 | 0.56 | 30.23 | -4.10 | 0 | 2313.96 | -66.17 | 54.66 | 7.84 | 45.34 | -7.74 | 0.00 | 0 | 26.53 | 2.04 |
| 2016 (3) | -15.76 | 0 | 10.52 | -37.53 | -35.77 | 0 | 22.18 | 19.28 | -70.49 | 0 | -72.90 | 0 | -183.13 | 0 | -28.65 | 0 | 0.43 | 10.26 | -40.12 | 0 | 6839.14 | 2562.59 | 50.69 | -17.56 | 49.14 | 27.58 | 0.00 | 0 | 26.00 | 5.73 |
| 2015 (2) | -3.91 | 0 | 16.84 | -24.31 | -9.24 | 0 | 18.60 | 23.98 | -15.02 | 0 | -16.62 | 0 | -20.87 | 0 | -4.62 | 0 | 0.39 | -15.22 | 9.24 | -65.68 | 256.86 | 27.54 | 61.48 | -20.5 | 38.52 | 69.93 | 0.00 | 0 | 24.59 | 15.07 |
| 2014 (1) | 1.55 | 0.65 | 22.25 | 0 | 5.56 | 0 | 15.00 | 20.38 | 7.21 | 0 | 5.68 | 0 | 8.42 | 0 | 4.43 | 0 | 0.46 | -9.8 | 26.92 | 17.4 | 201.40 | -17.84 | 77.33 | 16.0 | 22.67 | -32.0 | 0.00 | 0 | 21.37 | -2.95 |
