- 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) | 1.58 | 551.43 | 495.0 | 46.71 | 10.77 | -2.87 | 477.60 | 664.41 | 713.57 | 453.13 | 522.62 | 457.67 | 453.13 | 519.02 | 457.67 | 11.87 | 526.98 | 501.01 | 3.73 | 618.06 | 458.65 | 0.01 | 0.0 | 0.0 | 536.36 | 1575.14 | 942.8 | 229.04 | -4.02 | 13.84 | 103.92 | 38.56 | 81.86 | -5.88 | -135.29 | -116.47 | 86.16 | 14.62 | 33.98 |
| 24Q2 (19) | -0.35 | -34.62 | -52.17 | 42.17 | 6.71 | -21.65 | -84.62 | -1.09 | -115.1 | -107.22 | -2.36 | -147.68 | -108.14 | -3.24 | -73.75 | -2.78 | -34.3 | -68.48 | -0.72 | -22.03 | -7.46 | 0.01 | 0.0 | 0.0 | -36.36 | -63.64 | -572.82 | 238.63 | 13.84 | 65.53 | 75.00 | -3.57 | -10.0 | 16.67 | -25.0 | 0.0 | 75.17 | 6.75 | 47.16 |
| 24Q1 (18) | -0.26 | 36.59 | -620.0 | 39.52 | -16.96 | 3.81 | -83.71 | 14.06 | -235.28 | -104.75 | 18.58 | -363.12 | -104.75 | 26.51 | -1212.0 | -2.07 | 33.01 | -1317.65 | -0.59 | 32.95 | -553.85 | 0.01 | 0.0 | 0.0 | -22.22 | 44.45 | -120.0 | 209.61 | 6.14 | 58.93 | 77.78 | 1.11 | -48.15 | 22.22 | -3.7 | 144.44 | 70.42 | -7.18 | -5.3 |
| 23Q4 (17) | -0.41 | -2.5 | -152.56 | 47.59 | -1.04 | -37.29 | -97.41 | -25.14 | -370.58 | -128.66 | -1.55 | -318.62 | -142.53 | -12.5 | -342.19 | -3.09 | -4.39 | -180.05 | -0.88 | 15.38 | -157.52 | 0.01 | 0.0 | -50.0 | -40.00 | 37.15 | -147.4 | 197.48 | -1.84 | 8.57 | 76.92 | 34.62 | 32.87 | 23.08 | -35.38 | -37.36 | 75.87 | 17.98 | 247.07 |
| 23Q3 (16) | -0.40 | -73.91 | -263.64 | 48.09 | -10.65 | -4.85 | -77.84 | -97.86 | -578.64 | -126.69 | -192.65 | -435.91 | -126.69 | -103.55 | -435.91 | -2.96 | -79.39 | -274.68 | -1.04 | -55.22 | -550.0 | 0.01 | 0.0 | 0.0 | -63.64 | -927.57 | -439.41 | 201.19 | 39.56 | 18.49 | 57.14 | -31.43 | 14.29 | 35.71 | 114.29 | -28.57 | 64.31 | 25.9 | 69.19 |
| 23Q2 (15) | -0.23 | -560.0 | -158.97 | 53.82 | 41.37 | -40.42 | -39.34 | -163.57 | -175.09 | -43.29 | -208.74 | -198.43 | -62.24 | -760.72 | -241.52 | -1.65 | -1070.59 | -161.11 | -0.67 | -615.38 | -159.82 | 0.01 | 0.0 | -50.0 | 7.69 | -93.08 | -87.98 | 144.16 | 9.3 | -6.67 | 83.33 | -44.44 | -29.49 | 16.67 | 133.33 | 191.67 | 51.08 | -31.31 | 142.2 |
| 23Q1 (14) | 0.05 | -93.59 | 138.46 | 38.07 | -49.84 | -29.0 | 61.88 | 71.89 | 429.32 | 39.81 | -32.35 | 208.21 | 9.42 | -83.99 | 125.6 | 0.17 | -95.6 | 115.74 | 0.13 | -91.5 | 176.47 | 0.01 | -50.0 | 0.0 | 111.11 | 31.68 | 455.55 | 131.89 | -27.49 | -38.79 | 150.00 | 159.09 | 200.0 | -50.00 | -235.71 | -200.0 | 74.36 | 240.16 | 67.89 |
| 22Q4 (13) | 0.78 | 809.09 | 269.57 | 75.89 | 50.16 | 139.48 | 36.00 | 413.86 | 128.28 | 58.85 | 348.94 | 135.33 | 58.85 | 348.94 | 135.3 | 3.86 | 588.61 | 240.88 | 1.53 | 1056.25 | 321.74 | 0.02 | 100.0 | 100.0 | 84.38 | 350.03 | 226.56 | 181.90 | 7.13 | -12.05 | 57.89 | 15.79 | -17.29 | 36.84 | -26.32 | 84.21 | 21.86 | -42.49 | -77.92 |
| 22Q3 (12) | -0.11 | -128.21 | 94.02 | 50.54 | -44.05 | 34.7 | -11.47 | -121.89 | -124.71 | -23.64 | -153.75 | 94.06 | -23.64 | -153.75 | 94.06 | -0.79 | -129.26 | 94.14 | -0.16 | -114.29 | 94.75 | 0.01 | -50.0 | 0.0 | 18.75 | -70.7 | 105.11 | 169.80 | 9.93 | -21.51 | 50.00 | -57.69 | 537.5 | 50.00 | 375.0 | -55.13 | 38.01 | 80.23 | -12.48 |
| 22Q2 (11) | 0.39 | 400.0 | 161.9 | 90.33 | 68.46 | 129.56 | 52.39 | 378.82 | 194.43 | 43.98 | 219.54 | 125.88 | 43.98 | 219.54 | 125.88 | 2.70 | 350.0 | 144.26 | 1.12 | 758.82 | 231.76 | 0.02 | 100.0 | 100.0 | 64.00 | 220.0 | 212.01 | 154.46 | -28.31 | -68.53 | 118.18 | 136.36 | 225.0 | -18.18 | -136.36 | -125.0 | 21.09 | -52.38 | -73.33 |
| 22Q1 (10) | -0.13 | 71.74 | 66.67 | 53.62 | 69.2 | 71.91 | -18.79 | 85.24 | 70.37 | -36.79 | 77.91 | 59.58 | -36.79 | 77.93 | 59.58 | -1.08 | 60.58 | 72.16 | -0.17 | 75.36 | 72.13 | 0.01 | 0.0 | 0.0 | 20.00 | 130.0 | 0 | 215.47 | 4.18 | -46.01 | 50.00 | -28.57 | -20.0 | 50.00 | 150.0 | 100.0 | 44.29 | -55.27 | -15.28 |
| 21Q4 (9) | -0.46 | 75.0 | 26.98 | 31.69 | -15.54 | 8.05 | -127.30 | -374.29 | -395.52 | -166.57 | 58.12 | -17.98 | -166.73 | 58.08 | -18.1 | -2.74 | 79.66 | 62.67 | -0.69 | 77.38 | 54.0 | 0.01 | 0.0 | 0.0 | -66.67 | 81.82 | -46.69 | 206.83 | -4.39 | -38.89 | 70.00 | 712.5 | 250.0 | 20.00 | -82.05 | -75.0 | 99.01 | 127.98 | 275.61 |
| 21Q3 (8) | -1.84 | -192.06 | -1572.73 | 37.52 | -4.65 | 3.53 | 46.41 | 183.65 | 286.43 | -397.73 | -134.07 | -10230.65 | -397.73 | -134.07 | -10230.65 | -13.47 | -120.82 | -3981.82 | -3.05 | -258.82 | -1320.0 | 0.01 | 0.0 | -50.0 | -366.67 | -541.7 | -759.95 | 216.33 | -55.92 | -22.76 | -11.43 | -131.43 | 94.29 | 111.43 | 53.21 | -62.86 | 43.43 | -45.09 | 168.25 |
| 21Q2 (7) | -0.63 | -61.54 | -261.54 | 39.35 | 26.16 | -9.02 | -55.48 | 12.51 | -522.87 | -169.92 | -86.7 | -386.88 | -169.92 | -86.7 | -386.88 | -6.10 | -57.22 | -215.75 | -0.85 | -39.34 | -149.13 | 0.01 | 0.0 | -50.0 | -57.14 | 0 | -151.43 | 490.77 | 22.97 | 88.37 | 36.36 | -41.82 | 100.0 | 72.73 | 190.91 | 0.0 | 79.09 | 51.28 | 0 |
| 21Q1 (6) | -0.39 | 38.1 | -225.0 | 31.19 | 6.34 | 5.19 | -63.41 | -146.83 | -613.27 | -91.01 | 35.54 | -166.58 | -91.01 | 35.54 | -187.55 | -3.88 | 47.14 | -132.34 | -0.61 | 59.33 | -144.0 | 0.01 | 0.0 | 0.0 | 0.00 | 100.0 | -100.0 | 399.10 | 17.93 | 44.97 | 62.50 | 212.5 | 87.5 | 25.00 | -68.75 | -62.5 | 52.28 | 98.33 | -0.89 |
| 20Q4 (5) | -0.63 | -472.73 | -152.0 | 29.33 | -19.07 | -5.33 | -25.69 | -313.91 | -121.27 | -141.18 | -3567.01 | -551.2 | -141.18 | -3567.01 | -558.8 | -7.34 | -2124.24 | -84.89 | -1.50 | -700.0 | -138.1 | 0.01 | -50.0 | -75.0 | -45.45 | -181.8 | -365.17 | 338.43 | 20.83 | 6.97 | 20.00 | 110.0 | -65.0 | 80.00 | -73.33 | 86.67 | 26.36 | 62.82 | -17.03 |
| 20Q3 (4) | -0.11 | -128.21 | 0.0 | 36.24 | -16.21 | 0.0 | 12.01 | -8.46 | 0.0 | -3.85 | -106.5 | 0.0 | -3.85 | -106.5 | 0.0 | -0.33 | -106.26 | 0.0 | 0.25 | -85.55 | 0.0 | 0.02 | 0.0 | 0.0 | 55.56 | -50.0 | 0.0 | 280.08 | 7.5 | 0.0 | -200.00 | -1200.0 | 0.0 | 300.00 | 312.5 | 0.0 | 16.19 | 0 | 0.0 |
| 20Q2 (3) | 0.39 | 425.0 | 0.0 | 43.25 | 45.87 | 0.0 | 13.12 | 247.58 | 0.0 | 59.23 | 273.49 | 0.0 | 59.23 | 287.14 | 0.0 | 5.27 | 415.57 | 0.0 | 1.73 | 792.0 | 0.0 | 0.02 | 100.0 | 0.0 | 111.11 | 150.02 | 0.0 | 260.53 | -5.37 | 0.0 | 18.18 | -45.45 | 0.0 | 72.73 | 9.09 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.12 | 52.0 | 0.0 | 29.65 | -4.29 | 0.0 | -8.89 | 23.43 | 0.0 | -34.14 | -57.47 | 0.0 | -31.65 | -47.69 | 0.0 | -1.67 | 57.93 | 0.0 | -0.25 | 60.32 | 0.0 | 0.01 | -75.0 | 0.0 | 44.44 | 159.28 | 0.0 | 275.30 | -12.98 | 0.0 | 33.33 | -41.67 | 0.0 | 66.67 | 55.56 | 0.0 | 52.75 | 66.04 | 0.0 |
| 19Q4 (1) | -0.25 | 0.0 | 0.0 | 30.98 | 0.0 | 0.0 | -11.61 | 0.0 | 0.0 | -21.68 | 0.0 | 0.0 | -21.43 | 0.0 | 0.0 | -3.97 | 0.0 | 0.0 | -0.63 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | 17.14 | 0.0 | 0.0 | 316.38 | 0.0 | 0.0 | 57.14 | 0.0 | 0.0 | 42.86 | 0.0 | 0.0 | 31.77 | 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) | -0.99 | 0 | 47.56 | -34.6 | -40.58 | 0 | 53.49 | 177.47 | -66.02 | 0 | -81.48 | 0 | -7.36 | 0 | -2.27 | 0 | 0.03 | -57.14 | -2.33 | 0 | 197.48 | 8.57 | 60.71 | -36.39 | 39.29 | 764.29 | 0.00 | 0 | 65.11 | 136.94 |
| 2022 (9) | 0.91 | 0 | 72.72 | 107.65 | 25.17 | 0 | 19.28 | -42.17 | 26.77 | 0 | 26.77 | 0 | 5.19 | 0 | 2.36 | 0 | 0.07 | 133.33 | 56.63 | 0 | 181.90 | -12.05 | 95.45 | 409.09 | 4.55 | -94.41 | 0.00 | 0 | 27.48 | -57.55 |
| 2021 (8) | -3.16 | 0 | 35.02 | -2.99 | -41.15 | 0 | 33.33 | -29.63 | -215.31 | 0 | -215.34 | 0 | -22.98 | 0 | -5.54 | 0 | 0.03 | -57.14 | -140.00 | 0 | 206.83 | -38.89 | 18.75 | 0 | 81.25 | -27.78 | 0.00 | 0 | 64.74 | 181.11 |
| 2020 (7) | -0.37 | 0 | 36.10 | 23.0 | 1.80 | 0 | 47.37 | 40.05 | -14.52 | 0 | -14.12 | 0 | -4.34 | 0 | 0.06 | 0 | 0.07 | -68.18 | 50.88 | 0 | 338.43 | 6.97 | -12.50 | 0 | 112.50 | 51.07 | 0.00 | 0 | 23.03 | -28.21 |
| 2019 (6) | -3.20 | 0 | 29.35 | 0 | -16.98 | 0 | 33.82 | 201.34 | -68.59 | 0 | -68.58 | 0 | -41.35 | 0 | -13.39 | 0 | 0.22 | 15.79 | -25.74 | 0 | 316.38 | 281.73 | 24.47 | -78.59 | 74.47 | 0 | 0.00 | 0 | 32.08 | -2.82 |
| 2018 (5) | -0.54 | 0 | -4.93 | 0 | -40.54 | 0 | 11.22 | 36.56 | -35.88 | 0 | -35.92 | 0 | -12.32 | 0 | -6.29 | 0 | 0.19 | 35.71 | -20.41 | 0 | 82.88 | 6.75 | 114.29 | 31.6 | -14.29 | 0 | 0.00 | 0 | 33.01 | 34.52 |
| 2017 (4) | -0.68 | 0 | 5.76 | -67.37 | -45.60 | 0 | 8.22 | 339.73 | -52.54 | 0 | -52.54 | 0 | -12.69 | 0 | -6.78 | 0 | 0.14 | -64.1 | -39.73 | 0 | 77.64 | 7.45 | 86.84 | 0 | 13.16 | 0 | 0.00 | 0 | 24.54 | 178.23 |
| 2016 (3) | 0.00 | 0 | 17.65 | 73.04 | -1.11 | 0 | 1.87 | -80.84 | -0.22 | 0 | -0.22 | 0 | -0.15 | 0 | 0.45 | 0 | 0.39 | 457.14 | 3.27 | 0 | 72.26 | -8.74 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 8.82 | -81.48 |
| 2015 (2) | -0.66 | 0 | 10.20 | -59.51 | -94.71 | 0 | 9.76 | 153.66 | -49.24 | 0 | -74.05 | 0 | -9.30 | 0 | -4.65 | 0 | 0.07 | -61.11 | -29.27 | 0 | 79.18 | 8.78 | 195.00 | 316.0 | -95.00 | 0 | 0.00 | 0 | 47.62 | 20.44 |
| 2014 (1) | -1.59 | 0 | 25.19 | 0 | -38.48 | 0 | 3.85 | 16.15 | -82.79 | 0 | -83.23 | 0 | -23.47 | 0 | -14.67 | 0 | 0.18 | -50.0 | -75.64 | 0 | 72.79 | 144.43 | 46.88 | 0 | 53.12 | -97.34 | 0.00 | 0 | 39.54 | 76.75 |
