- 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) | 0.03 | 50.0 | -89.29 | 32.50 | -7.28 | 10.51 | -19.47 | -14.8 | -4.79 | 0.77 | -76.67 | -97.01 | 1.64 | -14.58 | -92.48 | 0.13 | -13.33 | -92.66 | 0.18 | -5.26 | -86.26 | 0.05 | 0.0 | -16.67 | 6.82 | -26.67 | -77.59 | 43.37 | 0.81 | 0.81 | 0.00 | 100.0 | 100.0 | 0.00 | -100.0 | -100.0 | 63.36 | -1.22 | 4.92 |
| 24Q2 (19) | 0.02 | 166.67 | 300.0 | 35.05 | 44.24 | 46.78 | -16.96 | 47.82 | 45.22 | 3.30 | -61.31 | 405.56 | 1.92 | 179.34 | 239.13 | 0.15 | 188.24 | 266.67 | 0.19 | 575.0 | 375.0 | 0.05 | 0.0 | 0.0 | 9.30 | -39.53 | 76.81 | 43.02 | 1.97 | -1.22 | -700.00 | -61.54 | 0 | 900.00 | 68.75 | 0 | 64.14 | -10.9 | -10.16 |
| 24Q1 (18) | -0.03 | 85.71 | 93.02 | 24.30 | -16.89 | 6130.77 | -32.50 | -115.09 | 51.31 | 8.53 | 140.58 | 115.97 | -2.42 | 84.63 | 95.32 | -0.17 | 87.31 | 93.66 | -0.04 | 95.35 | 97.81 | 0.05 | -16.67 | 25.0 | 15.38 | 194.18 | 135.5 | 42.19 | 3.53 | 0.98 | -433.33 | -719.05 | -446.67 | 533.33 | 1677.78 | 2233.33 | 71.99 | 30.44 | -20.58 |
| 23Q4 (17) | -0.21 | -175.0 | 43.24 | 29.24 | -0.58 | 176.37 | -15.11 | 18.68 | 64.79 | -21.02 | -181.57 | 51.35 | -15.74 | -172.17 | 57.26 | -1.34 | -175.71 | 40.97 | -0.86 | -165.65 | 42.67 | 0.06 | 0.0 | 50.0 | -16.33 | -153.66 | 51.01 | 40.75 | -5.28 | 5.54 | 70.00 | 193.33 | -30.0 | 30.00 | -82.86 | 0 | 55.19 | -8.61 | -19.83 |
| 23Q3 (16) | 0.28 | 2900.0 | -30.0 | 29.41 | 23.16 | -12.99 | -18.58 | 39.99 | -1876.6 | 25.77 | 2486.11 | -12.7 | 21.81 | 1680.43 | -9.16 | 1.77 | 2066.67 | -29.2 | 1.31 | 3175.0 | -24.71 | 0.06 | 20.0 | -14.29 | 30.43 | 478.52 | -11.62 | 43.02 | -1.22 | -13.41 | -75.00 | 0 | -1250.0 | 175.00 | 0 | 75.0 | 60.39 | -15.41 | 37.03 |
| 23Q2 (15) | -0.01 | 97.67 | 88.89 | 23.88 | 6023.08 | -21.03 | -30.96 | 53.62 | -577.46 | -1.08 | 97.98 | 52.84 | -1.38 | 97.33 | 72.62 | -0.09 | 96.64 | 83.33 | 0.04 | 102.19 | 112.5 | 0.05 | 25.0 | -28.57 | 5.26 | 112.14 | 226.71 | 43.55 | 4.24 | -13.33 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 71.39 | -21.24 | 65.75 |
| 23Q1 (14) | -0.43 | -16.22 | -368.75 | 0.39 | -96.31 | -98.7 | -66.75 | -55.56 | -814.38 | -53.41 | -23.61 | -518.25 | -51.69 | -40.35 | -612.8 | -2.68 | -18.06 | -360.19 | -1.83 | -22.0 | -350.68 | 0.04 | 0.0 | -42.86 | -43.33 | -30.0 | -332.46 | 41.78 | 8.21 | -19.87 | 125.00 | 25.0 | 318.75 | -25.00 | 0 | -114.58 | 90.64 | 31.67 | 93.06 |
| 22Q4 (13) | -0.37 | -192.5 | -19.35 | 10.58 | -68.7 | -67.47 | -42.91 | -4464.89 | -3736.44 | -43.21 | -246.38 | -145.65 | -36.83 | -253.39 | -127.07 | -2.27 | -190.8 | -16.41 | -1.50 | -186.21 | -18.11 | 0.04 | -42.86 | -50.0 | -33.33 | -196.81 | -159.18 | 38.61 | -22.28 | -25.16 | 100.00 | 1900.0 | 1300.0 | -0.00 | -100.0 | -100.0 | 68.84 | 56.21 | 85.25 |
| 22Q3 (12) | 0.40 | 544.44 | 300.0 | 33.80 | 11.77 | -13.16 | -0.94 | 79.43 | -122.6 | 29.52 | 1389.08 | 361.93 | 24.01 | 576.39 | 315.53 | 2.50 | 562.96 | 303.25 | 1.74 | 643.75 | 317.5 | 0.07 | 0.0 | 0.0 | 34.43 | 2038.51 | 659.84 | 49.68 | -1.13 | 0.73 | -5.56 | -101.85 | 87.04 | 100.00 | 200.0 | -30.0 | 44.07 | 2.32 | -2.15 |
| 22Q2 (11) | -0.09 | -156.25 | -140.91 | 30.24 | 0.57 | -26.06 | -4.57 | 37.4 | -174.55 | -2.29 | -117.93 | -117.47 | -5.04 | -150.0 | -139.34 | -0.54 | -152.43 | -139.71 | -0.32 | -143.84 | -132.99 | 0.07 | 0.0 | 0.0 | 1.61 | -91.36 | -90.92 | 50.25 | -3.62 | 10.0 | 300.00 | 625.0 | 500.0 | -100.00 | -158.33 | -300.0 | 43.07 | -8.26 | 8.79 |
| 22Q1 (10) | 0.16 | 151.61 | 223.08 | 30.07 | -7.53 | -2.78 | -7.30 | -718.64 | 40.31 | 12.77 | 172.6 | 316.44 | 10.08 | 162.15 | 203.07 | 1.03 | 152.82 | 230.38 | 0.73 | 157.48 | 252.08 | 0.07 | -12.5 | 16.67 | 18.64 | 244.95 | 775.12 | 52.14 | 1.07 | 9.15 | -57.14 | -585.71 | -128.57 | 171.43 | 58.24 | 271.43 | 46.95 | 26.35 | -13.63 |
| 21Q4 (9) | -0.31 | -55.0 | 77.21 | 32.52 | -16.44 | 41.95 | 1.18 | -71.63 | 104.79 | -17.59 | -56.08 | 81.15 | -16.22 | -45.6 | 83.65 | -1.95 | -58.54 | 75.69 | -1.27 | -58.75 | 77.4 | 0.08 | 14.29 | 33.33 | -12.86 | -109.11 | 85.0 | 51.59 | 4.6 | 12.47 | -8.33 | 80.56 | -131.94 | 108.33 | -24.17 | 46.57 | 37.16 | -17.5 | -34.07 |
| 21Q3 (8) | -0.20 | -190.91 | 28.57 | 38.92 | -4.84 | 36.47 | 4.16 | -32.14 | 118.79 | -11.27 | -185.96 | 54.37 | -11.14 | -186.96 | 48.71 | -1.23 | -190.44 | 23.13 | -0.80 | -182.47 | 29.82 | 0.07 | 0.0 | 40.0 | -6.15 | -134.67 | 63.87 | 49.32 | 7.97 | 30.2 | -42.86 | -185.71 | -151.43 | 142.86 | 185.71 | 1614.29 | 45.04 | 13.77 | -26.37 |
| 21Q2 (7) | 0.22 | 269.23 | 269.23 | 40.90 | 32.23 | 82.35 | 6.13 | 150.12 | 131.98 | 13.11 | 322.2 | 218.0 | 12.81 | 230.98 | 238.64 | 1.36 | 272.15 | 286.3 | 0.97 | 302.08 | 290.2 | 0.07 | 16.67 | 16.67 | 17.74 | 732.86 | 560.78 | 45.68 | -4.38 | 31.3 | 50.00 | -75.0 | -70.0 | 50.00 | 150.0 | 175.0 | 39.59 | -27.17 | 0 |
| 21Q1 (6) | -0.13 | 90.44 | 0.0 | 30.93 | 35.01 | 30.29 | -12.23 | 50.37 | 35.97 | -5.90 | 93.68 | 31.95 | -9.78 | 90.14 | -9.64 | -0.79 | 90.15 | -14.49 | -0.48 | 91.46 | 4.0 | 0.06 | 0.0 | 0.0 | 2.13 | 102.49 | 210.94 | 47.77 | 4.14 | 61.0 | 200.00 | 666.67 | -20.0 | -100.00 | -235.29 | 20.0 | 54.36 | -3.55 | 0 |
| 20Q4 (5) | -1.36 | -385.71 | -655.56 | 22.91 | -19.67 | 5.77 | -24.64 | -11.29 | -8.69 | -93.34 | -277.89 | -509.67 | -99.19 | -356.68 | -677.96 | -8.02 | -401.25 | -735.42 | -5.62 | -392.98 | -669.86 | 0.06 | 20.0 | 0.0 | -85.71 | -403.58 | -993.24 | 45.87 | 21.09 | 64.94 | 26.09 | -68.7 | -82.61 | 73.91 | 786.96 | 247.83 | 56.36 | -7.86 | 7.15 |
| 20Q3 (4) | -0.28 | -115.38 | 0.0 | 28.52 | 27.15 | 0.0 | -22.14 | -15.49 | 0.0 | -24.70 | -122.32 | 0.0 | -21.72 | -135.06 | 0.0 | -1.60 | -119.18 | 0.0 | -1.14 | -123.53 | 0.0 | 0.05 | -16.67 | 0.0 | -17.02 | -342.08 | 0.0 | 37.88 | 8.88 | 0.0 | 83.33 | -50.0 | 0.0 | 8.33 | 112.5 | 0.0 | 61.17 | 0 | 0.0 |
| 20Q2 (3) | -0.13 | 0.0 | 0.0 | 22.43 | -5.52 | 0.0 | -19.17 | -0.37 | 0.0 | -11.11 | -28.14 | 0.0 | -9.24 | -3.59 | 0.0 | -0.73 | -5.8 | 0.0 | -0.51 | -2.0 | 0.0 | 0.06 | 0.0 | 0.0 | -3.85 | -100.52 | 0.0 | 34.79 | 17.26 | 0.0 | 166.67 | -33.33 | 0.0 | -66.67 | 46.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.13 | 27.78 | 0.0 | 23.74 | 9.6 | 0.0 | -19.10 | 15.75 | 0.0 | -8.67 | 43.37 | 0.0 | -8.92 | 30.04 | 0.0 | -0.69 | 28.13 | 0.0 | -0.50 | 31.51 | 0.0 | 0.06 | 0.0 | 0.0 | -1.92 | 75.51 | 0.0 | 29.67 | 6.69 | 0.0 | 250.00 | 66.67 | 0.0 | -125.00 | -150.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.18 | 0.0 | 0.0 | 21.66 | 0.0 | 0.0 | -22.67 | 0.0 | 0.0 | -15.31 | 0.0 | 0.0 | -12.75 | 0.0 | 0.0 | -0.96 | 0.0 | 0.0 | -0.73 | 0.0 | 0.0 | 0.06 | 0.0 | 0.0 | -7.84 | 0.0 | 0.0 | 27.81 | 0.0 | 0.0 | 150.00 | 0.0 | 0.0 | -50.00 | 0.0 | 0.0 | 52.60 | 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) | -0.37 | 0 | 22.76 | -18.45 | -29.24 | 0 | 3.70 | -19.63 | -8.96 | 0 | -8.27 | 0 | -2.33 | 0 | -1.33 | 0 | 0.20 | -23.08 | -3.09 | 0 | 40.75 | 5.54 | 313.33 | 0 | -220.00 | 0 | 0.00 | 0 | 66.93 | 37.46 |
| 2022 (9) | 0.11 | 0 | 27.91 | -22.58 | -10.69 | 0 | 4.61 | 2.22 | 3.85 | 0 | 1.87 | 0 | 0.70 | 0 | 0.73 | 0 | 0.26 | -7.14 | 9.68 | 0 | 38.61 | -25.16 | -287.50 | 0 | 400.00 | 250.0 | 0.00 | 0 | 48.69 | 12.68 |
| 2021 (8) | -0.42 | 0 | 36.05 | 48.23 | 0.63 | 0 | 4.51 | -35.6 | -5.79 | 0 | -6.20 | 0 | -2.61 | 0 | -1.60 | 0 | 0.28 | 21.74 | -0.41 | 0 | 51.59 | 12.47 | -14.29 | 0 | 114.29 | 198.9 | 0.00 | 0 | 43.21 | -22.03 |
| 2020 (7) | -1.91 | 0 | 24.32 | 28.34 | -21.20 | 0 | 7.00 | -3.4 | -33.97 | 0 | -34.30 | 0 | -10.90 | 0 | -7.86 | 0 | 0.23 | -4.17 | -26.50 | 0 | 45.87 | 64.94 | 61.76 | -65.0 | 38.24 | 0 | 0.00 | 0 | 55.42 | -0.77 |
| 2019 (6) | -0.85 | 0 | 18.95 | -15.82 | -29.12 | 0 | 7.25 | 19.32 | -16.23 | 0 | -14.71 | 0 | -4.43 | 0 | -3.42 | 0 | 0.24 | -14.29 | -8.21 | 0 | 27.81 | 14.21 | 176.47 | -13.31 | -79.41 | 0 | 0.00 | 0 | 55.85 | 11.7 |
| 2018 (5) | -0.61 | 0 | 22.51 | 17.73 | -22.91 | 0 | 6.07 | -7.89 | -11.41 | 0 | -8.91 | 0 | -3.02 | 0 | -2.36 | 0 | 0.28 | -3.45 | -4.45 | 0 | 24.35 | 13.36 | 203.57 | 95.74 | -100.00 | 0 | 0.00 | 0 | 50.00 | -2.93 |
| 2017 (4) | -1.86 | 0 | 19.12 | -40.77 | -28.62 | 0 | 6.59 | 32.81 | -27.37 | 0 | -24.66 | 0 | -8.50 | 0 | -7.08 | 0 | 0.29 | -32.56 | -20.15 | 0 | 21.48 | 22.6 | 104.00 | 14.4 | -4.00 | 0 | 0.00 | 0 | 51.51 | 43.32 |
| 2016 (3) | -0.24 | 0 | 32.28 | -4.64 | -2.42 | 0 | 4.96 | 25.02 | -2.48 | 0 | -2.07 | 0 | -1.04 | 0 | -0.87 | 0 | 0.43 | -18.87 | 2.84 | -75.41 | 17.52 | -0.06 | 90.91 | 36.36 | -0.00 | 0 | 0.00 | 0 | 35.94 | 16.12 |
| 2015 (2) | 0.87 | -63.9 | 33.85 | -7.64 | 4.67 | -57.78 | 3.97 | 32.85 | 6.96 | -47.63 | 5.73 | -51.36 | 3.60 | -61.62 | 3.04 | -60.31 | 0.53 | -18.46 | 11.55 | -30.88 | 17.53 | -12.39 | 66.67 | -19.34 | 33.33 | 104.17 | 0.00 | 0 | 30.95 | 16.44 |
| 2014 (1) | 2.41 | -37.24 | 36.65 | 0 | 11.06 | 0 | 2.99 | 12.72 | 13.29 | 0 | 11.78 | 0 | 9.38 | 0 | 7.66 | 0 | 0.65 | -18.75 | 16.71 | -15.99 | 20.01 | -20.06 | 82.65 | -10.31 | 16.33 | 108.16 | 0.00 | 0 | 26.58 | 25.61 |
