- 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) | -0.59 | 21.33 | 56.62 | 18.87 | 33.36 | 278.36 | -56.85 | 21.64 | 53.9 | -53.43 | 23.55 | 55.83 | -53.43 | 23.55 | 55.83 | -11.08 | 11.29 | 36.69 | -8.03 | 17.3 | 40.21 | 0.15 | 7.14 | 36.36 | -39.68 | 30.85 | 60.32 | 41.96 | 33.8 | 23.63 | 105.88 | 3.48 | 4.35 | -5.88 | -26.47 | -300.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.75 | 32.43 | 31.82 | 14.15 | 141.98 | 260.05 | -72.55 | 52.81 | 0.58 | -69.89 | 53.46 | 3.31 | -69.89 | 53.46 | 3.31 | -12.49 | 22.28 | -2.29 | -9.71 | 26.1 | -0.52 | 0.14 | 55.56 | 7.69 | -57.38 | 56.18 | 0.88 | 31.36 | 27.27 | 20.43 | 102.33 | -0.82 | 2.33 | -4.65 | -46.51 | -155.81 | 64.14 | -29.96 | 9.83 |
| 24Q1 (18) | -1.11 | 25.5 | -282.76 | -33.71 | -1.2 | -182.76 | -153.73 | -33.57 | -557.81 | -150.16 | -5.91 | -510.65 | -150.16 | -8.32 | -510.65 | -16.07 | 17.08 | -255.53 | -13.14 | 14.23 | -272.24 | 0.09 | -18.18 | -40.0 | -130.95 | -7.14 | -1065.04 | 24.64 | 26.75 | -2.18 | 103.17 | 26.1 | 8.09 | -3.17 | -116.3 | -169.84 | 91.57 | 30.61 | 90.77 |
| 23Q4 (17) | -1.49 | -9.56 | -47.52 | -33.31 | -214.84 | -237.82 | -115.09 | 6.68 | -257.2 | -141.78 | -17.2 | -210.38 | -138.62 | -14.59 | -83.21 | -19.38 | -10.74 | -37.25 | -15.32 | -14.07 | -36.42 | 0.11 | 0.0 | -26.67 | -122.22 | -22.22 | -270.36 | 19.44 | -42.72 | -26.78 | 81.82 | -19.37 | 17.61 | 19.48 | 1424.68 | -31.07 | 70.11 | -9.7 | 70.29 |
| 23Q3 (16) | -1.36 | -23.64 | -195.65 | -10.58 | -369.21 | -141.46 | -123.33 | -69.01 | -196.25 | -120.97 | -67.36 | -211.22 | -120.97 | -67.36 | -211.22 | -17.50 | -43.33 | -196.11 | -13.43 | -39.03 | -171.86 | 0.11 | -15.38 | -15.38 | -100.00 | -72.74 | -304.53 | 33.94 | 30.34 | 41.24 | 101.47 | 1.47 | -4.01 | -1.47 | 19.12 | 74.26 | 77.64 | 32.95 | 51.52 |
| 23Q2 (15) | -1.10 | -279.31 | -292.86 | 3.93 | -90.35 | -89.59 | -72.97 | -212.24 | -202.15 | -72.28 | -193.94 | -240.94 | -72.28 | -193.94 | -240.94 | -12.21 | -170.13 | -262.31 | -9.66 | -173.65 | -226.35 | 0.13 | -13.33 | -7.14 | -57.89 | -415.04 | -609.44 | 26.04 | 3.37 | 74.88 | 100.00 | 4.76 | -12.5 | -1.82 | -140.0 | 87.27 | 58.40 | 21.67 | 29.72 |
| 23Q1 (14) | -0.29 | 71.29 | 17.14 | 40.73 | 68.51 | 44.43 | -23.37 | 27.47 | 4.14 | -24.59 | 46.17 | -10.67 | -24.59 | 67.5 | -10.67 | -4.52 | 67.99 | -11.88 | -3.53 | 68.57 | -0.28 | 0.15 | 0.0 | -6.25 | -11.24 | 65.94 | -0.27 | 25.19 | -5.12 | 107.33 | 95.45 | 37.22 | -11.36 | 4.55 | -83.92 | 139.39 | 48.00 | 16.59 | 27.39 |
| 22Q4 (13) | -1.01 | -119.57 | -1022.22 | 24.17 | -5.29 | -29.16 | -32.22 | 22.6 | -637.3 | -45.68 | -17.52 | -1239.59 | -75.66 | -94.65 | -2055.56 | -14.12 | -138.92 | -1172.07 | -11.23 | -127.33 | -1303.75 | 0.15 | 15.38 | -37.5 | -33.00 | -33.5 | -863.89 | 26.55 | 10.49 | 52.15 | 69.57 | -34.2 | -40.37 | 28.26 | 594.57 | 184.78 | 41.17 | -19.65 | 45.73 |
| 22Q3 (12) | -0.46 | -64.29 | -428.57 | 25.52 | -32.38 | -22.46 | -41.63 | -72.38 | -1148.61 | -38.87 | -83.35 | -840.38 | -38.87 | -83.35 | -840.38 | -5.91 | -75.37 | -345.23 | -4.94 | -66.89 | -412.66 | 0.13 | -7.14 | -55.17 | -24.72 | -202.94 | -293.28 | 24.03 | 61.38 | -58.78 | 105.71 | -7.5 | 35.92 | -5.71 | 60.0 | -125.71 | 51.24 | 13.82 | 125.33 |
| 22Q2 (11) | -0.28 | 20.0 | -411.11 | 37.74 | 33.83 | 8.42 | -24.15 | 0.94 | -1202.74 | -21.20 | 4.59 | -725.37 | -21.20 | 4.59 | -725.37 | -3.37 | 16.58 | -309.32 | -2.96 | 15.91 | -376.64 | 0.14 | -12.5 | -53.33 | -8.16 | 27.21 | -175.14 | 14.89 | 22.55 | -74.11 | 114.29 | 6.12 | 71.43 | -14.29 | -23.81 | -142.86 | 45.02 | 19.48 | 93.3 |
| 22Q1 (10) | -0.35 | -288.89 | -191.67 | 28.20 | -17.35 | -8.8 | -24.38 | -457.89 | -543.27 | -22.22 | -551.61 | -406.15 | -22.22 | -533.05 | -406.15 | -4.04 | -263.96 | -84.47 | -3.52 | -340.0 | -151.43 | 0.16 | -33.33 | -51.52 | -11.21 | -359.49 | -512.13 | 12.15 | -30.37 | -78.77 | 107.69 | -7.69 | 23.08 | -11.54 | 65.38 | -192.31 | 37.68 | 33.38 | 56.8 |
| 21Q4 (9) | -0.09 | -164.29 | 86.15 | 34.12 | 3.68 | 95.31 | -4.37 | -210.08 | 77.4 | -3.41 | -164.95 | 83.43 | -3.51 | -166.86 | 83.62 | -1.11 | -146.06 | 89.66 | -0.80 | -150.63 | 89.01 | 0.24 | -17.24 | -29.41 | 4.32 | -66.22 | 132.55 | 17.45 | -70.06 | -64.84 | 116.67 | 50.0 | 22.81 | -33.33 | -250.0 | -766.67 | 28.25 | 24.23 | 8.86 |
| 21Q3 (8) | 0.14 | 55.56 | 131.11 | 32.91 | -5.46 | 40.52 | 3.97 | 81.28 | 123.45 | 5.25 | 54.87 | 132.75 | 5.25 | 54.87 | 132.75 | 2.41 | 49.69 | 135.03 | 1.58 | 47.66 | 131.1 | 0.29 | -3.33 | -9.38 | 12.79 | 17.77 | 255.98 | 58.29 | 1.34 | 31.67 | 77.78 | 16.67 | -27.24 | 22.22 | -33.33 | 422.22 | 22.74 | -2.36 | -14.8 |
| 21Q2 (7) | 0.09 | 175.0 | -75.0 | 34.81 | 12.58 | 50.3 | 2.19 | 157.78 | 109.92 | 3.39 | 177.22 | -83.56 | 3.39 | 177.22 | -81.85 | 1.61 | 173.52 | -76.08 | 1.07 | 176.43 | -79.06 | 0.30 | -9.09 | 11.11 | 10.86 | 299.26 | -62.83 | 57.52 | 0.52 | 121.66 | 66.67 | -23.81 | 162.75 | 33.33 | 166.67 | -83.84 | 23.29 | -3.08 | 0 |
| 21Q1 (6) | -0.12 | 81.54 | 72.73 | 30.92 | 76.99 | 8.72 | -3.79 | 80.4 | 88.13 | -4.39 | 78.67 | 85.63 | -4.39 | 79.51 | 85.63 | -2.19 | 79.59 | 73.55 | -1.40 | 80.77 | 77.35 | 0.33 | -2.94 | 65.0 | 2.72 | 120.5 | 113.84 | 57.22 | 15.29 | 42.94 | 87.50 | -7.89 | -14.86 | 12.50 | 150.0 | 325.0 | 24.03 | -7.4 | 0 |
| 20Q4 (5) | -0.65 | -44.44 | -983.33 | 17.47 | -25.41 | -53.56 | -19.34 | -14.24 | -1172.37 | -20.58 | -28.38 | -740.0 | -21.43 | -33.69 | -778.28 | -10.73 | -55.96 | -962.38 | -7.28 | -43.31 | -897.26 | 0.34 | 6.25 | 6.25 | -13.27 | -61.83 | -410.05 | 49.63 | 12.11 | 85.95 | 95.00 | -11.13 | 58.33 | 5.00 | 172.5 | -87.5 | 25.95 | -2.77 | 0.12 |
| 20Q3 (4) | -0.45 | -225.0 | 0.0 | 23.42 | 1.12 | 0.0 | -16.93 | 23.29 | 0.0 | -16.03 | -177.74 | 0.0 | -16.03 | -185.81 | 0.0 | -6.88 | -202.23 | 0.0 | -5.08 | -199.41 | 0.0 | 0.32 | 18.52 | 0.0 | -8.20 | -128.06 | 0.0 | 44.27 | 70.6 | 0.0 | 106.90 | 200.61 | 0.0 | -6.90 | -103.34 | 0.0 | 26.69 | 0 | 0.0 |
| 20Q2 (3) | 0.36 | 181.82 | 0.0 | 23.16 | -18.57 | 0.0 | -22.07 | 30.88 | 0.0 | 20.62 | 167.5 | 0.0 | 18.68 | 161.15 | 0.0 | 6.73 | 181.28 | 0.0 | 5.11 | 182.69 | 0.0 | 0.27 | 35.0 | 0.0 | 29.22 | 248.63 | 0.0 | 25.95 | -35.17 | 0.0 | -106.25 | -203.38 | 0.0 | 206.25 | 3812.5 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.44 | -633.33 | 0.0 | 28.44 | -24.4 | 0.0 | -31.93 | -2000.66 | 0.0 | -30.55 | -1146.94 | 0.0 | -30.55 | -1152.05 | 0.0 | -8.28 | -719.8 | 0.0 | -6.18 | -746.58 | 0.0 | 0.20 | -37.5 | 0.0 | -19.66 | -559.35 | 0.0 | 40.03 | 49.98 | 0.0 | 102.78 | 71.3 | 0.0 | -5.56 | -113.89 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.06 | 0.0 | 0.0 | 37.62 | 0.0 | 0.0 | -1.52 | 0.0 | 0.0 | -2.45 | 0.0 | 0.0 | -2.44 | 0.0 | 0.0 | -1.01 | 0.0 | 0.0 | -0.73 | 0.0 | 0.0 | 0.32 | 0.0 | 0.0 | 4.28 | 0.0 | 0.0 | 26.69 | 0.0 | 0.0 | 60.00 | 0.0 | 0.0 | 40.00 | 0.0 | 0.0 | 25.92 | 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) | -4.34 | 0 | 5.56 | -80.77 | -75.44 | 0 | 11.96 | 30.23 | -80.44 | 0 | -79.82 | 0 | -47.63 | 0 | -38.39 | 0 | 0.48 | -17.24 | -63.77 | 0 | 19.44 | -26.78 | 93.69 | -1.66 | 6.31 | 33.48 | 1.77 | -20.43 | 61.25 | 41.36 |
| 2022 (9) | -2.10 | 0 | 28.92 | -12.76 | -30.09 | 0 | 9.18 | 76.48 | -31.47 | 0 | -38.89 | 0 | -27.26 | 0 | -22.38 | 0 | 0.58 | -44.76 | -18.86 | 0 | 26.55 | 52.15 | 95.28 | 0 | 4.72 | -99.06 | 2.22 | -15.11 | 43.33 | 76.78 |
| 2021 (8) | 0.02 | 0 | 33.15 | 47.6 | -0.50 | 0 | 5.20 | -17.4 | 0.19 | 0 | 0.17 | 0 | 0.23 | 0 | 0.33 | 0 | 1.05 | -9.48 | 7.80 | 0 | 17.45 | -64.84 | -300.00 | 0 | 500.00 | 0 | 2.62 | -43.92 | 24.51 | -18.92 |
| 2020 (7) | -1.21 | 0 | 22.46 | -19.67 | -21.57 | 0 | 6.30 | -0.33 | -11.33 | 0 | -12.05 | 0 | -19.09 | 0 | -13.80 | 0 | 1.16 | 20.83 | -3.07 | 0 | 49.63 | 85.95 | 189.19 | 90.78 | -90.54 | 0 | 4.67 | -11.62 | 30.23 | -0.79 |
| 2019 (6) | -1.49 | 0 | 27.96 | -18.98 | -18.79 | 0 | 6.32 | 67.01 | -18.97 | 0 | -18.97 | 0 | -23.63 | 0 | -18.03 | 0 | 0.96 | -8.57 | -11.22 | 0 | 26.69 | -17.6 | 99.17 | -11.46 | 0.83 | 0 | 5.28 | 65.71 | 30.47 | 23.21 |
| 2018 (5) | -0.25 | 0 | 34.51 | 4.07 | -3.83 | 0 | 3.78 | 10.27 | -3.44 | 0 | -2.73 | 0 | -3.48 | 0 | -2.83 | 0 | 1.05 | 17.98 | 1.35 | 0 | 32.39 | 184.12 | 112.00 | 16.42 | -12.00 | 0 | 3.19 | 0 | 24.73 | -17.48 |
| 2017 (4) | -0.97 | 0 | 33.16 | -0.24 | -12.37 | 0 | 3.43 | -26.45 | -12.99 | 0 | -12.82 | 0 | -12.49 | 0 | -11.33 | 0 | 0.89 | 8.54 | -8.33 | 0 | 11.40 | 28.09 | 96.20 | -8.61 | 5.06 | 0 | 0.00 | 0 | 29.97 | 5.9 |
| 2016 (3) | -0.87 | 0 | 33.24 | 8.84 | -12.50 | 0 | 4.67 | -10.05 | -11.87 | 0 | -10.89 | 0 | -9.99 | 0 | -8.97 | 0 | 0.82 | 30.16 | -5.13 | 0 | 8.90 | -33.33 | 105.26 | 1.65 | -5.26 | 0 | 0.00 | 0 | 28.30 | -29.13 |
| 2015 (2) | -2.17 | 0 | 30.54 | -6.32 | -36.28 | 0 | 5.19 | 66.55 | -35.03 | 0 | -34.01 | 0 | -24.23 | 0 | -21.45 | 0 | 0.63 | -18.18 | -27.18 | 0 | 13.35 | 9.7 | 103.55 | -6.5 | -3.55 | 0 | 0.00 | 0 | 39.93 | 33.5 |
| 2014 (1) | -1.38 | 0 | 32.60 | 0 | -17.83 | 0 | 3.11 | -22.01 | -16.13 | 0 | -16.88 | 0 | -14.79 | 0 | -13.05 | 0 | 0.77 | 1.32 | -11.25 | 0 | 12.17 | -14.11 | 110.75 | 7.18 | -10.75 | 0 | 0.00 | 0 | 29.91 | -1.38 |
