- 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) | -0.57 | -39.02 | -29.55 | 23.42 | 7.78 | -37.33 | -145.34 | -27.01 | -34.28 | -155.46 | -40.07 | -41.47 | -155.46 | -40.1 | -41.47 | -5.88 | 49.48 | 33.78 | -4.46 | 28.41 | 10.62 | 0.03 | -50.0 | -40.0 | -109.09 | -71.42 | -63.63 | 17.61 | -79.43 | -77.56 | 94.12 | -5.88 | -5.88 | 5.88 | 0 | 0 | 96.15 | 3.38 | 25.51 |
| 24Q2 (19) | -0.41 | -32.26 | -10.81 | 21.73 | -32.97 | 54.0 | -114.43 | -134.2 | -207.11 | -110.99 | -126.28 | -191.85 | -110.96 | -126.22 | -191.77 | -11.64 | -44.42 | -70.67 | -6.23 | -45.22 | -51.21 | 0.06 | -33.33 | -45.45 | -63.64 | -141.79 | -196.97 | 85.63 | 8.96 | 28.44 | 100.00 | 0.0 | 10.0 | -0.00 | 0 | 0 | 93.01 | 67.56 | 198.4 |
| 24Q1 (18) | -0.31 | 50.0 | 3.13 | 32.42 | 28.86 | 25.61 | -48.86 | 66.91 | -5.67 | -49.05 | 67.08 | -5.08 | -49.05 | 67.71 | -5.08 | -8.06 | 49.02 | -41.9 | -4.29 | 50.0 | -18.51 | 0.09 | 50.0 | 12.5 | -26.32 | 77.19 | -5.28 | 78.59 | -6.08 | 52.81 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 55.51 | -35.11 | 15.81 |
| 23Q4 (17) | -0.62 | -40.91 | -148.0 | 25.16 | -32.67 | 94.59 | -147.65 | -36.41 | -829.2 | -148.99 | -35.58 | -865.59 | -151.90 | -38.23 | -883.17 | -15.81 | -78.04 | -305.38 | -8.58 | -71.94 | -247.37 | 0.06 | 20.0 | -64.71 | -115.38 | -73.06 | -1591.79 | 83.68 | 6.64 | 62.58 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 85.55 | 11.67 | 338.27 |
| 23Q3 (16) | -0.44 | -18.92 | -4500.0 | 37.37 | 164.85 | 7.08 | -108.24 | -190.5 | -35980.0 | -109.89 | -188.96 | -4898.69 | -109.89 | -188.96 | -4898.69 | -8.88 | -30.21 | -1950.0 | -4.99 | -21.12 | -1208.89 | 0.05 | -54.55 | -64.29 | -66.67 | -211.11 | -593.49 | 78.47 | 17.7 | 60.4 | 100.00 | 10.0 | 0 | -0.00 | 0 | -100.0 | 76.61 | 145.78 | 229.36 |
| 23Q2 (15) | -0.37 | -15.62 | -311.11 | 14.11 | -45.33 | 68.98 | -37.26 | 19.42 | -185.96 | -38.03 | 18.53 | -314.72 | -38.03 | 18.53 | -315.17 | -6.82 | -20.07 | -128.09 | -4.12 | -13.81 | -122.7 | 0.11 | 37.5 | -50.0 | -21.43 | 14.28 | -1168.05 | 66.67 | 29.63 | 36.62 | 90.91 | -9.09 | -43.18 | -0.00 | 0 | 100.0 | 31.17 | -34.97 | 132.61 |
| 23Q1 (14) | -0.32 | -28.0 | -60.0 | 25.81 | 99.61 | 239.16 | -46.24 | -191.0 | -67.84 | -46.68 | -202.53 | -67.55 | -46.68 | -202.14 | -67.55 | -5.68 | -45.64 | 24.37 | -3.62 | -46.56 | 15.22 | 0.08 | -52.94 | -50.0 | -25.00 | -266.57 | -54.13 | 51.43 | -0.08 | -4.85 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 47.93 | 145.54 | 113.69 |
| 22Q4 (13) | -0.25 | -2600.0 | -2600.0 | 12.93 | -62.95 | -66.71 | -15.89 | -5196.67 | -626.16 | -15.43 | -773.8 | -645.23 | -15.45 | -774.67 | -1571.43 | -3.90 | -912.5 | -1154.05 | -2.47 | -648.89 | -786.11 | 0.17 | 21.43 | -5.56 | -6.82 | -150.48 | -145.02 | 51.47 | 5.21 | -49.04 | 100.00 | 0 | 0.0 | -0.00 | -100.0 | 0 | 19.52 | -16.08 | -21.42 |
| 22Q3 (12) | 0.01 | 111.11 | -98.41 | 34.90 | 317.96 | 286.06 | -0.30 | 97.7 | 99.74 | 2.29 | 124.97 | -97.97 | 2.29 | 125.0 | -97.97 | 0.48 | 116.05 | -98.73 | 0.45 | 124.32 | -96.91 | 0.14 | -36.36 | 7.69 | 13.51 | 899.41 | -89.96 | 48.92 | 0.25 | -52.02 | 0.00 | -100.0 | 100.0 | 100.00 | 350.0 | -50.0 | 23.26 | 73.58 | -24.11 |
| 22Q2 (11) | -0.09 | 55.0 | 40.0 | 8.35 | 9.72 | -74.85 | -13.03 | 52.7 | 78.88 | -9.17 | 67.09 | 81.11 | -9.16 | 67.12 | 81.17 | -2.99 | 60.19 | 75.04 | -1.85 | 56.67 | 47.59 | 0.22 | 37.5 | 214.29 | -1.69 | 89.58 | 85.63 | 48.80 | -9.71 | -80.34 | 160.00 | 60.0 | 28.0 | -40.00 | 0 | -60.0 | 13.40 | -40.26 | -72.61 |
| 22Q1 (10) | -0.20 | -2100.0 | -66.67 | 7.61 | -80.41 | -69.46 | -27.55 | -1012.25 | 74.97 | -27.86 | -1084.45 | 26.35 | -27.86 | -2753.33 | 27.07 | -7.51 | -2129.73 | -12.76 | -4.27 | -1286.11 | -112.44 | 0.16 | -11.11 | 220.0 | -16.22 | -207.06 | -310.92 | 54.05 | -46.49 | -75.07 | 100.00 | 0.0 | -64.29 | -0.00 | 0 | 100.0 | 22.43 | -9.7 | -72.42 |
| 21Q4 (9) | 0.01 | -98.41 | 101.43 | 38.84 | 329.65 | 146.64 | 3.02 | 102.6 | 100.78 | 2.83 | -97.49 | 101.51 | 1.05 | -99.07 | 100.56 | 0.37 | -99.02 | 100.94 | 0.36 | -97.52 | 104.69 | 0.18 | 38.46 | 350.0 | 15.15 | -88.75 | 114.14 | 101.00 | -0.93 | -54.47 | 100.00 | 196.77 | -50.94 | 0.00 | -100.0 | 100.0 | 24.84 | -18.96 | -71.78 |
| 21Q3 (8) | 0.63 | 520.0 | 182.89 | 9.04 | -72.77 | -76.46 | -116.37 | -88.61 | 10.95 | 112.90 | 332.54 | 208.04 | 112.90 | 332.11 | 207.72 | 37.78 | 415.36 | 151.18 | 14.54 | 511.9 | 458.13 | 0.13 | 85.71 | 225.0 | 134.62 | 1244.73 | 458.99 | 101.95 | -58.92 | -84.88 | -103.33 | -182.67 | -183.65 | 200.00 | 900.0 | 950.0 | 30.65 | -37.36 | -65.39 |
| 21Q2 (7) | -0.15 | -25.0 | 61.54 | 33.20 | 33.23 | 601.9 | -61.70 | 43.94 | 45.62 | -48.55 | -28.34 | 22.49 | -48.64 | -27.33 | 22.56 | -11.98 | -79.88 | 0 | -3.53 | -75.62 | -8.28 | 0.07 | 40.0 | 16.67 | -11.76 | -252.93 | -41.18 | 248.20 | 14.5 | -95.03 | 125.00 | -55.36 | -30.56 | -25.00 | 86.11 | 68.75 | 48.93 | -39.85 | 0 |
| 21Q1 (6) | -0.12 | 82.86 | 85.37 | 24.92 | 129.92 | -16.74 | -110.06 | 71.57 | -57.84 | -37.83 | 79.85 | 48.11 | -38.20 | 79.65 | 47.6 | -6.66 | 83.05 | 95.35 | -2.01 | 73.79 | 67.42 | 0.05 | 25.0 | -44.44 | 7.69 | 107.18 | 119.23 | 216.77 | -2.28 | -96.83 | 280.00 | 37.36 | 190.0 | -180.00 | -73.33 | -5320.0 | 81.34 | -7.6 | 0 |
| 20Q4 (5) | -0.70 | 7.89 | 30.0 | -83.28 | -316.82 | -447.29 | -387.06 | -196.19 | -307.0 | -187.74 | -79.66 | 21.45 | -187.74 | -79.12 | 17.28 | -39.29 | 46.78 | 69.59 | -7.67 | -88.92 | 66.59 | 0.04 | 0.0 | -60.0 | -107.14 | -185.71 | 49.58 | 221.83 | -67.11 | -82.5 | 203.85 | 65.02 | 411.54 | -103.85 | -341.35 | -272.64 | 88.03 | -0.61 | 0 |
| 20Q3 (4) | -0.76 | -94.87 | 0.0 | 38.41 | 712.05 | 0.0 | -130.68 | -15.17 | 0.0 | -104.50 | -66.83 | 0.0 | -104.81 | -66.87 | 0.0 | -73.82 | 0 | 0.0 | -4.06 | -24.54 | 0.0 | 0.04 | -33.33 | 0.0 | -37.50 | -350.18 | 0.0 | 674.41 | -86.5 | 0.0 | 123.53 | -31.37 | 0.0 | -23.53 | 70.59 | 0.0 | 88.57 | 0 | 0.0 |
| 20Q2 (3) | -0.39 | 52.44 | 0.0 | 4.73 | -84.2 | 0.0 | -113.47 | -62.73 | 0.0 | -62.64 | 14.07 | 0.0 | -62.81 | 13.84 | 0.0 | 0.00 | 100.0 | 0.0 | -3.26 | 47.16 | 0.0 | 0.06 | -33.33 | 0.0 | -8.33 | 79.18 | 0.0 | 4996.57 | -26.89 | 0.0 | 180.00 | 86.43 | 0.0 | -80.00 | -2420.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.82 | 18.0 | 0.0 | 29.93 | 24.81 | 0.0 | -69.73 | 26.68 | 0.0 | -72.90 | 69.5 | 0.0 | -72.90 | 67.88 | 0.0 | -143.17 | -10.82 | 0.0 | -6.17 | 73.13 | 0.0 | 0.09 | -10.0 | 0.0 | -40.00 | 81.18 | 0.0 | 6834.38 | 439.16 | 0.0 | 96.55 | 142.29 | 0.0 | 3.45 | -94.27 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -1.00 | 0.0 | 0.0 | 23.98 | 0.0 | 0.0 | -95.10 | 0.0 | 0.0 | -239.00 | 0.0 | 0.0 | -226.96 | 0.0 | 0.0 | -129.19 | 0.0 | 0.0 | -22.96 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -212.50 | 0.0 | 0.0 | 1267.59 | 0.0 | 0.0 | 39.85 | 0.0 | 0.0 | 60.15 | 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) | -1.75 | 0 | 23.06 | 54.87 | -71.13 | 0 | 17.81 | 125.15 | -72.06 | 0 | -72.59 | 0 | -36.81 | 0 | -21.71 | 0 | 0.31 | -60.76 | -47.95 | 0 | 83.68 | 62.58 | 98.11 | -13.66 | 1.89 | 0 | 7.83 | 12.72 | 52.93 | 180.2 |
| 2022 (9) | -0.79 | 0 | 14.89 | -44.75 | -14.13 | 0 | 7.91 | -49.72 | -12.26 | 0 | -12.26 | 0 | -16.42 | 0 | -9.11 | 0 | 0.79 | 92.68 | -2.82 | 0 | 51.47 | -49.04 | 113.64 | 0 | -13.64 | 0 | 6.95 | -35.37 | 18.89 | -52.06 |
| 2021 (8) | 0.37 | 0 | 26.95 | 219.31 | -61.00 | 0 | 15.73 | -29.59 | 19.55 | 0 | 18.82 | 0 | 19.72 | 0 | 8.14 | 0 | 0.41 | 57.69 | 43.82 | 0 | 101.00 | -54.47 | -317.65 | 0 | 423.53 | 0 | 10.75 | -54.62 | 39.40 | -38.54 |
| 2020 (7) | -2.45 | 0 | 8.44 | -64.04 | -137.78 | 0 | 22.34 | 141.01 | -92.58 | 0 | -92.68 | 0 | -155.40 | 0 | -23.29 | 0 | 0.26 | -42.22 | -40.43 | 0 | 221.83 | -82.5 | 149.43 | 107.84 | -49.43 | 0 | 23.69 | -44.16 | 64.11 | 86.37 |
| 2019 (6) | -2.25 | 0 | 23.47 | -31.33 | -61.75 | 0 | 9.27 | 249.39 | -86.04 | 0 | -84.28 | 0 | -165.01 | 0 | -37.03 | 0 | 0.45 | -46.43 | -65.45 | 0 | 1267.59 | 432.58 | 71.90 | -7.46 | 28.10 | 25.99 | 42.44 | 10.52 | 34.40 | 63.03 |
| 2018 (5) | -2.58 | 0 | 34.18 | -2.15 | -30.90 | 0 | 2.65 | -12.66 | -39.77 | 0 | -40.28 | 0 | -75.05 | 0 | -33.54 | 0 | 0.84 | 0.0 | -30.31 | 0 | 238.01 | 253.18 | 77.69 | -11.09 | 22.31 | 76.75 | 38.40 | 0 | 21.10 | -13.52 |
| 2017 (4) | -2.97 | 0 | 34.93 | 46.76 | -43.74 | 0 | 3.04 | 147.57 | -50.08 | 0 | -51.37 | 0 | -67.51 | 0 | -43.05 | 0 | 0.84 | 44.83 | -41.31 | 0 | 67.39 | 60.91 | 87.38 | -14.13 | 12.62 | 0 | 0.00 | 0 | 24.40 | 106.96 |
| 2016 (3) | -0.78 | 0 | 23.80 | 11.06 | -17.69 | 0 | 1.23 | 292.64 | -17.35 | 0 | -22.93 | 0 | -17.68 | 0 | -13.16 | 0 | 0.58 | -27.5 | -15.95 | 0 | 41.88 | 100.77 | 101.75 | 103.51 | -1.75 | 0 | 0.00 | 0 | 11.79 | 81.11 |
| 2015 (2) | 0.05 | 0 | 21.43 | -11.85 | 0.49 | 0 | 0.31 | -44.22 | 1.14 | 0 | 1.17 | 0 | 1.18 | 0 | 0.93 | 0 | 0.80 | 23.08 | 1.88 | 0 | 20.86 | -35.84 | 50.00 | -54.94 | 50.00 | 0 | 0.00 | 0 | 6.51 | -52.52 |
| 2014 (1) | -3.23 | 0 | 24.31 | 0 | -70.90 | 0 | 0.56 | -58.92 | -63.70 | 0 | -64.37 | 0 | -53.13 | 0 | -42.01 | 0 | 0.65 | 6.56 | -61.90 | 0 | 32.51 | 40.98 | 110.96 | -81.51 | -11.40 | 0 | 0.00 | 0 | 13.71 | -31.04 |
