- 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) | -0.15 | -350.0 | -150.0 | 4.10 | -28.45 | -12.21 | -0.60 | -122.9 | 75.41 | -0.60 | -119.93 | 60.26 | -2.30 | -217.35 | 20.14 | -1.00 | -343.9 | -170.27 | -0.23 | -276.92 | -130.0 | 0.12 | 100.0 | 200.0 | -0.17 | -104.86 | 0 | 260.12 | -4.17 | 14.18 | 100.00 | 12.5 | -25.0 | -0.00 | -100.0 | 100.0 | 3.91 | -21.33 | -59.77 |
| 24Q2 (19) | 0.06 | 175.0 | -75.0 | 5.73 | 101.05 | 4.75 | 2.62 | 163.44 | 212.93 | 3.01 | 175.63 | -82.62 | 1.96 | 143.95 | -84.27 | 0.41 | 174.55 | -73.55 | 0.13 | 192.86 | -74.0 | 0.06 | 50.0 | 50.0 | 3.50 | 217.45 | -81.21 | 271.44 | 9.13 | 24.1 | 88.89 | -11.11 | 722.22 | 11.11 | 0 | -90.28 | 4.97 | -57.59 | -39.32 |
| 24Q1 (18) | -0.08 | -900.0 | -14.29 | 2.85 | -68.72 | -33.57 | -4.13 | -363.06 | -47.5 | -3.98 | -312.83 | -34.01 | -4.46 | -1451.52 | -27.79 | -0.55 | -1016.67 | -14.58 | -0.14 | -566.67 | 6.67 | 0.04 | -20.0 | 0.0 | -2.98 | -200.34 | -76.33 | 248.72 | 2.93 | 16.28 | 100.00 | 0.0 | 0.0 | -0.00 | -100.0 | 0 | 11.72 | 9.12 | 26.43 |
| 23Q4 (17) | 0.01 | 116.67 | -97.5 | 9.11 | 95.07 | -47.43 | 1.57 | 164.34 | -82.56 | 1.87 | 223.84 | -89.37 | 0.33 | 111.46 | -97.74 | 0.06 | 116.22 | -97.69 | 0.03 | 130.0 | -96.51 | 0.05 | 25.0 | -16.67 | 2.97 | 0 | -83.88 | 241.63 | 6.06 | 18.98 | 100.00 | -25.0 | 90.48 | 25.00 | 137.5 | -50.0 | 10.74 | 10.49 | 23.88 |
| 23Q3 (16) | -0.06 | -125.0 | -200.0 | 4.67 | -14.63 | -19.9 | -2.44 | -5.17 | -608.33 | -1.51 | -108.72 | -414.58 | -2.88 | -123.11 | -323.53 | -0.37 | -123.87 | -236.36 | -0.10 | -120.0 | -233.33 | 0.04 | 0.0 | -33.33 | 0.00 | -100.0 | -100.0 | 227.82 | 4.16 | 12.11 | 133.33 | 1033.33 | 33.33 | -66.67 | -158.33 | 0 | 9.72 | 18.68 | 69.04 |
| 23Q2 (15) | 0.24 | 442.86 | 0 | 5.47 | 27.51 | 55.84 | -2.32 | 17.14 | -125.24 | 17.32 | 683.16 | 1749.52 | 12.46 | 457.02 | 9684.62 | 1.55 | 422.92 | 7850.0 | 0.50 | 433.33 | 0 | 0.04 | 0.0 | -33.33 | 18.63 | 1202.37 | 4334.09 | 218.73 | 2.26 | 16.38 | -14.29 | -114.29 | -114.29 | 114.29 | 0 | 0 | 8.19 | -11.65 | 13.12 |
| 23Q1 (14) | -0.07 | -117.5 | 22.22 | 4.29 | -75.25 | -9.68 | -2.80 | -131.11 | -67.66 | -2.97 | -116.88 | -62.3 | -3.49 | -123.87 | -22.03 | -0.48 | -118.46 | 12.73 | -0.15 | -117.44 | 25.0 | 0.04 | -33.33 | -42.86 | -1.69 | -109.17 | -43.22 | 213.89 | 5.32 | 25.58 | 100.00 | 90.48 | 25.0 | -0.00 | -100.0 | 0 | 9.27 | 6.92 | 31.49 |
| 22Q4 (13) | 0.40 | 2100.0 | 566.67 | 17.33 | 197.26 | 117.17 | 9.00 | 1775.0 | 186.62 | 17.59 | 3564.58 | 454.89 | 14.62 | 2250.0 | 825.32 | 2.60 | 2463.64 | 566.67 | 0.86 | 2966.67 | 473.33 | 0.06 | 0.0 | -40.0 | 18.42 | 1215.71 | 392.51 | 203.08 | -0.07 | 24.34 | 52.50 | -47.5 | -47.5 | 50.00 | 0 | 0 | 8.67 | 50.78 | 61.15 |
| 22Q3 (12) | -0.02 | 0 | -166.67 | 5.83 | 66.1 | -40.69 | 0.48 | 146.6 | -76.24 | 0.48 | 145.71 | -73.91 | -0.68 | -423.08 | -159.65 | -0.11 | -450.0 | -152.38 | -0.03 | 0 | -133.33 | 0.06 | 0.0 | -14.29 | 1.40 | 418.18 | -43.78 | 203.22 | 8.13 | 34.91 | 100.00 | 0.0 | -20.0 | 0.00 | 0 | 0 | 5.75 | -20.58 | -1.03 |
| 22Q2 (11) | 0.00 | 100.0 | -100.0 | 3.51 | -26.11 | -73.73 | -1.03 | 38.32 | -114.03 | -1.05 | 42.62 | -114.29 | -0.13 | 95.45 | -102.46 | -0.02 | 96.36 | -101.0 | 0.00 | 100.0 | -100.0 | 0.06 | -14.29 | -60.0 | -0.44 | 62.71 | -105.73 | 187.94 | 10.35 | 26.33 | 100.00 | 25.0 | 0.0 | -0.00 | 0 | 0 | 7.24 | 2.7 | 199.17 |
| 22Q1 (10) | -0.09 | -250.0 | -156.25 | 4.75 | -40.48 | -39.72 | -1.67 | -153.18 | -190.27 | -1.83 | -157.73 | -197.86 | -2.86 | -281.01 | -278.75 | -0.55 | -241.03 | -152.38 | -0.20 | -233.33 | -151.28 | 0.07 | -30.0 | -70.83 | -1.18 | -131.55 | -155.92 | 170.32 | 4.29 | 10.6 | 80.00 | -20.0 | -20.0 | -0.00 | 0 | 0 | 7.05 | 31.04 | 213.33 |
| 21Q4 (9) | 0.06 | 100.0 | 200.0 | 7.98 | -18.82 | 71.98 | 3.14 | 55.45 | 268.82 | 3.17 | 72.28 | 295.68 | 1.58 | 38.6 | 179.0 | 0.39 | 85.71 | 200.0 | 0.15 | 66.67 | 207.14 | 0.10 | 42.86 | 42.86 | 3.74 | 50.2 | 573.42 | 163.32 | 8.42 | -12.83 | 100.00 | -20.0 | -20.0 | 0.00 | 0 | 100.0 | 5.38 | -7.4 | -36.48 |
| 21Q3 (8) | 0.03 | -90.32 | -86.36 | 9.83 | -26.42 | 28.66 | 2.02 | -72.48 | -35.67 | 1.84 | -74.97 | -41.77 | 1.14 | -78.41 | -56.65 | 0.21 | -89.5 | -85.11 | 0.09 | -88.75 | -83.93 | 0.07 | -53.33 | -66.67 | 2.49 | -67.58 | -25.67 | 150.63 | 1.25 | -10.99 | 125.00 | 25.0 | 25.0 | 0.00 | 0 | 0 | 5.81 | 140.08 | 132.4 |
| 21Q2 (7) | 0.31 | 93.75 | 416.67 | 13.36 | 69.54 | 134.8 | 7.34 | 296.76 | 464.62 | 7.35 | 293.05 | 413.99 | 5.28 | 230.0 | 325.81 | 2.00 | 90.48 | 426.32 | 0.80 | 105.13 | 400.0 | 0.15 | -37.5 | 15.38 | 7.68 | 263.98 | 329.05 | 148.77 | -3.39 | 8.55 | 100.00 | 0.0 | 20.0 | 0.00 | 0 | 0 | 2.42 | 7.56 | 0 |
| 21Q1 (6) | 0.16 | 366.67 | 60.0 | 7.88 | 69.83 | -9.11 | 1.85 | 199.46 | -20.94 | 1.87 | 215.43 | -22.08 | 1.60 | 180.0 | -21.57 | 1.05 | 369.23 | 56.72 | 0.39 | 378.57 | 39.29 | 0.24 | 242.86 | 71.43 | 2.11 | 367.09 | -25.18 | 153.99 | -17.81 | 16.25 | 100.00 | -20.0 | 0.0 | 0.00 | 100.0 | 0 | 2.25 | -73.44 | -32.84 |
| 20Q4 (5) | -0.06 | -127.27 | -146.15 | 4.64 | -39.27 | -61.46 | -1.86 | -159.24 | -134.13 | -1.62 | -151.27 | -129.51 | -2.00 | -176.05 | -147.51 | -0.39 | -127.66 | -144.83 | -0.14 | -125.0 | -138.89 | 0.07 | -66.67 | -12.5 | -0.79 | -123.58 | -113.08 | 187.35 | 10.71 | 24.06 | 125.00 | 25.0 | 33.93 | -25.00 | 0 | 0 | 8.47 | 238.8 | 33.6 |
| 20Q3 (4) | 0.22 | 266.67 | 0.0 | 7.64 | 34.27 | 0.0 | 3.14 | 141.54 | 0.0 | 3.16 | 120.98 | 0.0 | 2.63 | 112.1 | 0.0 | 1.41 | 271.05 | 0.0 | 0.56 | 250.0 | 0.0 | 0.21 | 61.54 | 0.0 | 3.35 | 87.15 | 0.0 | 169.23 | 23.48 | 0.0 | 100.00 | 20.0 | 0.0 | 0.00 | 0 | 0.0 | 2.50 | 0 | 0.0 |
| 20Q2 (3) | 0.06 | -40.0 | 0.0 | 5.69 | -34.37 | 0.0 | 1.30 | -44.44 | 0.0 | 1.43 | -40.42 | 0.0 | 1.24 | -39.22 | 0.0 | 0.38 | -43.28 | 0.0 | 0.16 | -42.86 | 0.0 | 0.13 | -7.14 | 0.0 | 1.79 | -36.52 | 0.0 | 137.05 | 3.46 | 0.0 | 83.33 | -16.67 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.10 | -23.08 | 0.0 | 8.67 | -27.99 | 0.0 | 2.34 | -57.06 | 0.0 | 2.40 | -56.28 | 0.0 | 2.04 | -51.54 | 0.0 | 0.67 | -22.99 | 0.0 | 0.28 | -22.22 | 0.0 | 0.14 | 75.0 | 0.0 | 2.82 | -53.31 | 0.0 | 132.47 | -12.28 | 0.0 | 100.00 | 7.14 | 0.0 | 0.00 | 0 | 0.0 | 3.35 | -47.16 | 0.0 |
| 19Q4 (1) | 0.13 | 0.0 | 0.0 | 12.04 | 0.0 | 0.0 | 5.45 | 0.0 | 0.0 | 5.49 | 0.0 | 0.0 | 4.21 | 0.0 | 0.0 | 0.87 | 0.0 | 0.0 | 0.36 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | 6.04 | 0.0 | 0.0 | 151.01 | 0.0 | 0.0 | 93.33 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 6.34 | 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) | 0.12 | -58.62 | 6.16 | -21.03 | -1.23 | 0 | 0.81 | 24.39 | 3.29 | -10.84 | 1.32 | -49.81 | 0.73 | -60.75 | 0.27 | -60.29 | 0.17 | -32.0 | 4.45 | 0.23 | 241.63 | 18.98 | -37.50 | 0 | 141.67 | 153.51 | 0.00 | 0 | 9.61 | 33.47 |
| 2022 (9) | 0.29 | -49.12 | 7.80 | -18.41 | 1.62 | -53.85 | 0.65 | 106.83 | 3.69 | 5.13 | 2.63 | 5.62 | 1.86 | -49.04 | 0.68 | -49.25 | 0.25 | -52.83 | 4.44 | 14.43 | 203.08 | 24.34 | 44.12 | -55.88 | 55.88 | 0 | 0.00 | 0 | 7.20 | 120.18 |
| 2021 (8) | 0.57 | 78.12 | 9.56 | 36.18 | 3.51 | 92.86 | 0.31 | -8.07 | 3.51 | 84.74 | 2.49 | 64.9 | 3.65 | 77.18 | 1.34 | 74.03 | 0.53 | 3.92 | 3.88 | 70.18 | 163.32 | -12.83 | 100.00 | 3.12 | 0.00 | 0 | 0.00 | 0 | 3.27 | -10.16 |
| 2020 (7) | 0.32 | -41.82 | 7.02 | -51.22 | 1.82 | -71.74 | 0.34 | -48.55 | 1.90 | -70.5 | 1.51 | -70.1 | 2.06 | -42.46 | 0.77 | -45.39 | 0.51 | 88.89 | 2.28 | -68.81 | 187.35 | 24.06 | 96.97 | -3.03 | 3.03 | 0 | 0.00 | 0 | 3.64 | -39.33 |
| 2019 (6) | 0.55 | 1.85 | 14.39 | -13.0 | 6.44 | -0.92 | 0.66 | -14.95 | 6.44 | -1.68 | 5.05 | -13.23 | 3.58 | -0.56 | 1.41 | 4.44 | 0.27 | 22.73 | 7.31 | -6.4 | 151.01 | -13.72 | 100.00 | 0.0 | 0.00 | 0 | 0.00 | 0 | 6.00 | -6.69 |
| 2018 (5) | 0.54 | 0 | 16.54 | -6.45 | 6.50 | -1.66 | 0.78 | -40.1 | 6.55 | 0 | 5.82 | 0 | 3.60 | 0 | 1.35 | 2150.0 | 0.22 | 57.14 | 7.81 | 99.74 | 175.02 | -7.91 | 100.00 | 0 | 0.00 | 0 | 0.00 | 0 | 6.43 | -35.31 |
| 2017 (4) | -0.09 | 0 | 17.68 | -3.86 | 6.61 | -54.03 | 1.30 | 200.43 | 0.00 | 0 | -1.56 | 0 | -0.58 | 0 | 0.06 | -98.9 | 0.14 | -70.21 | 3.91 | -74.14 | 190.05 | 24.8 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 9.94 | 158.18 |
| 2016 (3) | 1.78 | 0 | 18.39 | 0 | 14.38 | 0 | 0.43 | -45.17 | 13.44 | 0 | 10.73 | 0 | 12.44 | 0 | 5.46 | 0 | 0.47 | 38.24 | 15.12 | 0 | 152.28 | 4.52 | 106.99 | -40.33 | -6.99 | 0 | 0.00 | 0 | 3.85 | -27.08 |
| 2015 (2) | -0.84 | 0 | -7.13 | 0 | -11.72 | 0 | 0.79 | -5.66 | -6.51 | 0 | -7.86 | 0 | -6.02 | 0 | -2.14 | 0 | 0.34 | -15.0 | -3.96 | 0 | 145.69 | 31.26 | 179.31 | 60.23 | -79.31 | 0 | 0.00 | 0 | 5.28 | -59.66 |
| 2014 (1) | 0.39 | -64.55 | 12.97 | 0 | 5.64 | 0 | 0.84 | 45.32 | 5.06 | 0 | 3.90 | 0 | 2.85 | 0 | 2.31 | 0 | 0.40 | -60.0 | 8.27 | 10.12 | 110.99 | 98.23 | 111.90 | 28.12 | -11.90 | 0 | 0.00 | 0 | 13.09 | 1028.45 |
