- 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) | -0.92 | -192.93 | -193.88 | 21.31 | -13.02 | -23.07 | 2.38 | -73.08 | -73.93 | -6.25 | -175.03 | -177.54 | -5.79 | -189.35 | -176.08 | -6.90 | -173.88 | -127.88 | -0.63 | -140.13 | -137.5 | 0.18 | 5.88 | 12.5 | 1.90 | -88.37 | -89.34 | 536.93 | -9.75 | -68.66 | -40.00 | -137.14 | -133.33 | 140.00 | 1920.0 | 1500.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.99 | 30.26 | 177.34 | 24.50 | 10.26 | 66.33 | 8.84 | 52.68 | 185.66 | 8.33 | 42.15 | 173.72 | 6.48 | 15.51 | 152.64 | 9.34 | -3.61 | 119.83 | 1.57 | 17.16 | 250.96 | 0.17 | 6.25 | 30.77 | 16.34 | 5.83 | 1602.08 | 594.93 | -36.27 | -75.07 | 107.69 | 7.69 | 17.48 | -7.69 | 0 | -192.31 | 27.09 | -4.41 | -20.7 |
| 24Q1 (18) | 0.76 | -5.0 | 145.51 | 22.22 | -17.15 | 29.26 | 5.79 | -50.81 | 146.77 | 5.86 | -23.3 | 131.54 | 5.61 | -12.75 | 130.15 | 9.69 | -26.76 | 117.73 | 1.34 | -6.94 | 191.78 | 0.16 | 6.67 | 60.0 | 15.44 | -16.77 | 447.75 | 933.48 | -11.66 | -75.47 | 100.00 | -40.0 | 54.55 | 0.00 | 100.0 | -100.0 | 28.34 | -5.44 | -35.66 |
| 23Q4 (17) | 0.80 | -18.37 | 131.01 | 26.82 | -3.18 | 1031.65 | 11.77 | 28.92 | 154.36 | 7.64 | -5.21 | 123.32 | 6.43 | -15.51 | 122.48 | 13.23 | -46.55 | 123.43 | 1.44 | -14.29 | 155.6 | 0.15 | -6.25 | 36.36 | 18.55 | 4.04 | 204.33 | 1056.64 | -38.32 | -49.8 | 166.67 | 38.89 | 150.0 | -55.56 | -455.56 | -266.67 | 29.97 | 13.74 | -21.77 |
| 23Q3 (16) | 0.98 | 176.56 | 15.29 | 27.70 | 88.05 | 23.17 | 9.13 | 188.47 | 164.64 | 8.06 | 171.33 | 2.54 | 7.61 | 161.82 | -1.3 | 24.75 | 152.56 | 34.29 | 1.68 | 261.54 | 11.26 | 0.16 | 23.08 | 14.29 | 17.83 | 1757.29 | -6.6 | 1713.17 | -28.2 | 23.77 | 120.00 | 30.91 | 170.0 | -10.00 | -220.0 | -118.0 | 26.35 | -22.86 | -5.66 |
| 23Q2 (15) | -1.28 | 23.35 | 0 | 14.73 | -14.31 | -13.25 | -10.32 | 16.64 | -42.15 | -11.30 | 39.18 | -123.32 | -12.31 | 33.85 | -124.23 | -47.09 | 13.83 | -238.05 | -1.04 | 28.77 | -160.0 | 0.13 | 30.0 | -7.14 | 0.96 | 121.62 | 0 | 2386.15 | -37.29 | 31.31 | 91.67 | 41.67 | 0 | 8.33 | -76.39 | 0 | 34.16 | -22.45 | 3.26 |
| 23Q1 (14) | -1.67 | 35.27 | -1987.5 | 17.19 | 625.32 | 31.32 | -12.38 | 42.82 | -61.2 | -18.58 | 43.28 | -178.98 | -18.61 | 34.93 | -157.76 | -54.65 | 3.21 | -220.53 | -1.46 | 43.63 | -102.78 | 0.10 | -9.09 | -33.33 | -4.44 | 75.03 | -232.14 | 3805.32 | 80.78 | 139.61 | 64.71 | -2.94 | -42.48 | 35.29 | 5.88 | 382.35 | 44.05 | 14.98 | 33.77 |
| 22Q4 (13) | -2.58 | -403.53 | -892.31 | 2.37 | -89.46 | 131.64 | -21.65 | -727.54 | 0.32 | -32.76 | -516.79 | -32.74 | -28.60 | -470.95 | -16.02 | -56.46 | -406.35 | -33.22 | -2.59 | -271.52 | 17.52 | 0.11 | -21.43 | -21.43 | -17.78 | -193.14 | -20.3 | 2104.91 | 52.07 | 44.75 | 66.67 | 50.0 | -25.33 | 33.33 | -40.0 | 211.11 | 38.31 | 37.16 | 406.08 |
| 22Q3 (12) | 0.85 | 0 | 8600.0 | 22.49 | 32.45 | 10.68 | 3.45 | 147.52 | 331.54 | 7.86 | 255.34 | 1167.74 | 7.71 | 240.44 | 1343.55 | 18.43 | 232.3 | 2347.56 | 1.51 | 477.5 | 556.52 | 0.14 | 0.0 | 7.69 | 19.09 | 0 | 73.39 | 1384.14 | -23.83 | 49.85 | 44.44 | 0 | 122.22 | 55.56 | 0 | -72.22 | 27.93 | -15.57 | -22.33 |
| 22Q2 (11) | 0.00 | 100.0 | 100.0 | 16.98 | 29.72 | -26.33 | -7.26 | 5.47 | -12000.0 | -5.06 | 24.02 | -321.67 | -5.49 | 23.96 | -569.51 | -13.93 | 18.3 | -1111.3 | -0.40 | 44.44 | -310.53 | 0.14 | -6.67 | 0.0 | 0.00 | -100.0 | -100.0 | 1817.20 | 14.42 | 101.83 | 0.00 | -100.0 | 0 | 0.00 | 100.0 | -100.0 | 33.08 | 0.46 | -2.01 |
| 22Q1 (10) | -0.08 | 69.23 | -700.0 | 13.09 | 274.77 | -36.52 | -7.68 | 64.64 | -1606.67 | -6.66 | 73.01 | -4857.14 | -7.22 | 70.71 | -1010.77 | -17.05 | 59.77 | -2004.94 | -0.72 | 77.07 | -442.86 | 0.15 | 7.14 | 15.38 | 3.36 | 122.73 | -65.78 | 1588.12 | 9.21 | 85.52 | 112.50 | 26.0 | 0 | -12.50 | -216.67 | 0 | 32.93 | 335.01 | -4.74 |
| 21Q4 (9) | -0.26 | -2500.0 | -73.33 | -7.49 | -136.86 | -170.39 | -21.72 | -1357.72 | -63.8 | -24.68 | -4080.65 | -70.91 | -24.65 | -3875.81 | -66.55 | -42.38 | -5068.29 | -156.69 | -3.14 | -1465.22 | -88.02 | 0.14 | 7.69 | 7.69 | -14.78 | -234.24 | -222.0 | 1454.15 | 57.42 | 80.68 | 89.29 | 144.64 | 2.04 | 10.71 | -94.64 | 71.43 | 7.57 | -78.95 | -78.42 |
| 21Q3 (8) | -0.01 | 0.0 | 97.22 | 20.32 | -11.84 | 161.18 | -1.49 | -2383.33 | 90.92 | 0.62 | 151.67 | 101.54 | -0.62 | 24.39 | 98.4 | -0.82 | 28.7 | 97.45 | 0.23 | 21.05 | 105.28 | 0.13 | -7.14 | 8.33 | 11.01 | 31.07 | 137.07 | 923.71 | 2.59 | 28.49 | -200.00 | 0 | -582.35 | 200.00 | 100.0 | 241.67 | 35.96 | 6.52 | 4.6 |
| 21Q2 (7) | -0.01 | 0.0 | 90.0 | 23.05 | 11.78 | 96.67 | -0.06 | 86.67 | 99.58 | -1.20 | -957.14 | 91.3 | -0.82 | -26.15 | 93.52 | -1.15 | -41.98 | 84.61 | 0.19 | -9.52 | 119.19 | 0.14 | 7.69 | 40.0 | 8.40 | -14.46 | 830.43 | 900.38 | 5.18 | 76.55 | -0.00 | 0 | -100.0 | 100.00 | 0 | 0 | 33.76 | -2.34 | 0 |
| 21Q1 (6) | -0.01 | 93.33 | -200.0 | 20.62 | 93.8 | 25.66 | -0.45 | 96.61 | 91.76 | 0.14 | 100.97 | -94.78 | -0.65 | 95.61 | -149.62 | -0.81 | 95.09 | -192.05 | 0.21 | 112.57 | -47.5 | 0.13 | 0.0 | 18.18 | 9.82 | 313.94 | -26.33 | 856.03 | 6.36 | 72.32 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 34.57 | -1.45 | 0 |
| 20Q4 (5) | -0.15 | 58.33 | 6.25 | 10.64 | 36.76 | -46.72 | -13.26 | 19.2 | -188.89 | -14.44 | 64.03 | -31.27 | -14.80 | 61.77 | -20.62 | -16.51 | 48.71 | -78.29 | -1.67 | 61.7 | -15.17 | 0.13 | 8.33 | -7.14 | -4.59 | 84.55 | -106.76 | 804.82 | 11.95 | 60.82 | 87.50 | 111.03 | 118.75 | 6.25 | -89.32 | -89.58 | 35.08 | 2.04 | 0 |
| 20Q3 (4) | -0.36 | -260.0 | 0.0 | 7.78 | -33.62 | 0.0 | -16.41 | -14.92 | 0.0 | -40.14 | -191.08 | 0.0 | -38.71 | -205.77 | 0.0 | -32.19 | -330.92 | 0.0 | -4.36 | -340.4 | 0.0 | 0.12 | 20.0 | 0.0 | -29.70 | -2482.61 | 0.0 | 718.89 | 40.96 | 0.0 | 41.46 | -58.54 | 0.0 | 58.54 | 0 | 0.0 | 34.38 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | -1100.0 | 0.0 | 11.72 | -28.58 | 0.0 | -14.28 | -161.54 | 0.0 | -13.79 | -614.55 | 0.0 | -12.66 | -1066.41 | 0.0 | -7.47 | -948.86 | 0.0 | -0.99 | -347.5 | 0.0 | 0.10 | -9.09 | 0.0 | -1.15 | -108.63 | 0.0 | 509.98 | 2.66 | 0.0 | 100.00 | 150.0 | 0.0 | -0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.01 | 106.25 | 0.0 | 16.41 | -17.83 | 0.0 | -5.46 | -18.95 | 0.0 | 2.68 | 124.36 | 0.0 | 1.31 | 110.68 | 0.0 | 0.88 | 109.5 | 0.0 | 0.40 | 127.59 | 0.0 | 0.11 | -21.43 | 0.0 | 13.33 | 700.45 | 0.0 | 496.78 | -0.73 | 0.0 | -200.00 | -600.0 | 0.0 | 300.00 | 400.0 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -0.16 | 0.0 | 0.0 | 19.97 | 0.0 | 0.0 | -4.59 | 0.0 | 0.0 | -11.00 | 0.0 | 0.0 | -12.27 | 0.0 | 0.0 | -9.26 | 0.0 | 0.0 | -1.45 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -2.22 | 0.0 | 0.0 | 500.45 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 60.00 | 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) | -1.16 | 0 | 22.34 | 56.66 | 1.04 | 0 | 6.94 | -6.59 | -1.89 | 0 | -2.60 | 0 | -20.40 | 0 | 0.60 | 0 | 0.52 | 1.96 | 9.84 | 182.76 | 1056.64 | -49.8 | -62.50 | 0 | 162.50 | 5425.0 | 0.00 | 0 | 32.72 | -0.3 |
| 2022 (9) | -3.20 | 0 | 14.26 | 1.28 | -7.65 | 0 | 7.42 | 5.8 | -8.00 | 0 | -7.43 | 0 | -69.41 | 0 | -2.20 | 0 | 0.51 | -7.27 | 3.48 | -0.85 | 2104.91 | 44.75 | 97.06 | 4.25 | 2.94 | -57.35 | 0.00 | 0 | 32.82 | 17.8 |
| 2021 (8) | -0.28 | 0 | 14.08 | 20.75 | -5.98 | 0 | 7.02 | -17.03 | -6.38 | 0 | -6.76 | 0 | -42.56 | 0 | -2.49 | 0 | 0.55 | 22.22 | 3.51 | 0 | 1454.15 | 80.68 | 93.10 | 25.4 | 6.90 | -71.55 | 0.00 | 0 | 27.86 | -24.05 |
| 2020 (7) | -0.59 | 0 | 11.66 | -43.26 | -12.24 | 0 | 8.46 | 31.34 | -16.30 | 0 | -16.15 | 0 | -51.68 | 0 | -6.28 | 0 | 0.45 | -13.46 | -5.22 | 0 | 804.82 | 60.82 | 74.24 | -52.27 | 24.24 | 0 | 0.00 | 0 | 36.68 | 18.67 |
| 2019 (6) | 0.18 | 0.0 | 20.55 | -11.15 | 2.71 | 8.84 | 6.44 | 36.71 | 1.75 | -73.08 | 1.95 | -61.76 | 5.73 | -58.3 | 1.97 | -38.82 | 0.52 | 8.33 | 10.61 | -21.93 | 500.45 | 15.22 | 155.56 | 300.0 | -55.56 | 0 | 0.00 | 0 | 30.91 | -3.74 |
| 2018 (5) | 0.18 | -77.22 | 23.13 | 46.49 | 2.49 | 215.19 | 4.71 | 6.68 | 6.50 | 475.22 | 5.10 | 0 | 13.74 | 0 | 3.22 | 0 | 0.48 | -27.27 | 13.59 | 86.68 | 434.35 | -11.57 | 38.89 | -50.0 | 61.11 | 83.33 | 0.00 | 0 | 32.11 | 32.91 |
| 2017 (4) | 0.79 | 0 | 15.79 | 87.31 | 0.79 | 0 | 4.42 | -65.49 | 1.13 | 0 | -1.52 | 0 | -5.85 | 0 | -0.18 | 0 | 0.66 | 65.0 | 7.28 | 0 | 491.16 | 2.51 | 77.78 | -40.63 | 33.33 | 0 | 0.00 | 0 | 24.16 | -37.28 |
| 2016 (3) | -4.20 | 0 | 8.43 | -50.93 | -50.62 | 0 | 12.80 | 98.77 | -38.65 | 0 | -38.71 | 0 | -96.67 | 0 | -13.40 | 0 | 0.40 | -45.21 | -19.80 | 0 | 479.13 | -11.66 | 131.01 | -22.13 | -31.01 | 0 | 0.00 | 0 | 38.52 | 83.87 |
| 2015 (2) | -1.76 | 0 | 17.18 | 35.49 | -5.79 | 0 | 6.44 | 19.66 | -3.43 | 0 | -4.47 | 0 | -21.25 | 0 | -1.34 | 0 | 0.73 | 2.82 | 6.39 | 740.79 | 542.35 | -3.05 | 168.24 | 134.57 | -68.92 | 0 | 0.00 | 0 | 20.95 | -3.55 |
| 2014 (1) | -4.25 | 0 | 12.68 | 0 | -5.92 | 0 | 5.38 | -28.57 | -8.25 | 0 | -8.74 | 0 | -36.99 | 0 | -4.45 | 0 | 0.71 | 5.97 | 0.76 | 0 | 559.42 | 25.37 | 71.72 | -0.58 | 28.28 | 1.49 | 0.00 | 0 | 21.72 | -11.89 |
