- 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) | -1.12 | -8.74 | 18.25 | 21.19 | -26.7 | 84.26 | -29.66 | 46.59 | -5.21 | -29.59 | 46.77 | -10.53 | -29.59 | 46.77 | -10.53 | -15.52 | -24.76 | -39.19 | -3.57 | -11.91 | -0.56 | 0.13 | 116.67 | -7.14 | -16.42 | 43.82 | 12.57 | 328.92 | 25.82 | 58.49 | 100.00 | 0.0 | -5.88 | -0.00 | 0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.03 | 17.6 | 41.48 | 28.91 | 44.69 | 334.74 | -55.53 | -32.31 | -27.04 | -55.59 | -25.43 | -19.29 | -55.59 | -25.43 | -19.29 | -12.44 | 6.47 | 2.35 | -3.19 | 12.84 | 31.84 | 0.06 | -33.33 | -45.45 | -29.23 | -8.26 | 17.29 | 261.42 | 10.62 | 48.22 | 100.00 | 4.76 | 6.9 | -0.00 | -100.0 | -100.0 | 52.48 | 53.05 | 42.18 |
| 24Q1 (18) | -1.25 | 19.35 | -19.05 | 19.98 | 29.07 | 121.02 | -41.97 | -66.55 | -71.52 | -44.32 | -43.94 | -88.36 | -44.32 | -24.85 | -88.36 | -13.30 | 6.99 | -92.75 | -3.66 | 11.81 | -34.07 | 0.09 | -30.77 | -30.77 | -27.00 | -29.93 | -93.97 | 236.33 | 4.81 | 66.9 | 95.45 | 15.03 | -9.44 | 4.55 | -76.26 | 268.18 | 34.29 | 255.34 | 51.66 |
| 23Q4 (17) | -1.55 | -13.14 | -24.0 | 15.48 | 34.61 | 29.32 | -25.20 | 10.61 | 0.59 | -30.79 | -15.02 | -52.2 | -35.50 | -32.61 | -48.97 | -14.30 | -28.25 | -101.41 | -4.15 | -16.9 | -32.59 | 0.13 | -7.14 | -7.14 | -20.78 | -10.65 | -109.05 | 225.48 | 8.64 | 85.47 | 82.98 | -21.9 | -32.46 | 19.15 | 406.38 | 174.47 | 9.65 | -54.84 | -59.28 |
| 23Q3 (16) | -1.37 | 22.16 | -95.71 | 11.50 | 72.93 | -37.6 | -28.19 | 35.51 | -179.94 | -26.77 | 42.55 | -138.17 | -26.77 | 42.55 | -138.17 | -11.15 | 12.48 | -140.3 | -3.55 | 24.15 | -89.84 | 0.14 | 27.27 | -22.22 | -18.78 | 46.86 | -227.18 | 207.54 | 17.67 | 99.0 | 106.25 | 13.58 | 21.43 | -6.25 | -196.88 | -175.0 | 21.37 | -42.1 | -6.48 |
| 23Q2 (15) | -1.76 | -67.62 | -193.33 | 6.65 | -26.44 | -72.58 | -43.71 | -78.63 | -484.36 | -46.60 | -98.05 | -365.07 | -46.60 | -98.05 | -365.07 | -12.74 | -84.64 | -198.36 | -4.68 | -71.43 | -192.5 | 0.11 | -15.38 | -35.29 | -35.34 | -153.88 | -712.41 | 176.37 | 24.56 | 9.26 | 93.55 | -11.25 | 20.28 | 6.45 | 338.71 | -76.77 | 36.91 | 63.25 | 18.76 |
| 23Q1 (14) | -1.05 | 16.0 | -356.52 | 9.04 | -24.48 | -56.85 | -24.47 | 3.47 | -549.07 | -23.53 | -16.31 | -676.57 | -23.53 | 1.26 | -676.57 | -6.90 | 2.82 | -323.31 | -2.73 | 12.78 | -326.56 | 0.13 | -7.14 | -45.83 | -13.92 | -40.04 | -3414.29 | 141.60 | 16.48 | 3.25 | 105.41 | -14.2 | -18.02 | -2.70 | 89.49 | 90.54 | 22.61 | -4.6 | -5.87 |
| 22Q4 (13) | -1.25 | -78.57 | -1236.36 | 11.97 | -35.05 | -45.02 | -25.35 | -151.74 | -977.16 | -20.23 | -79.98 | -893.33 | -23.83 | -112.01 | -2037.4 | -7.10 | -53.02 | -1059.46 | -3.13 | -67.38 | -845.24 | 0.14 | -22.22 | -53.33 | -9.94 | -73.17 | -277.5 | 121.57 | 16.57 | 7.14 | 122.86 | 40.41 | 7.5 | -25.71 | -408.57 | -80.0 | 23.70 | 3.72 | 15.05 |
| 22Q3 (12) | -0.70 | -16.67 | -975.0 | 18.43 | -24.0 | -13.72 | -10.07 | -34.63 | -809.15 | -11.24 | -12.18 | -656.44 | -11.24 | -12.18 | -1212.87 | -4.64 | -8.67 | -992.31 | -1.87 | -16.88 | -634.29 | 0.18 | 5.88 | -43.75 | -5.74 | -31.95 | -215.73 | 104.29 | -35.39 | 14.67 | 87.50 | 12.5 | 45.83 | 8.33 | -70.0 | -58.33 | 22.85 | -26.48 | 6.68 |
| 22Q2 (11) | -0.60 | -160.87 | -1100.0 | 24.25 | 15.75 | -1.26 | -7.48 | -98.41 | -688.98 | -10.02 | -230.69 | -647.54 | -10.02 | -230.69 | -1201.1 | -4.27 | -161.96 | -1320.0 | -1.60 | -150.0 | -692.59 | 0.17 | -29.17 | -39.29 | -4.35 | -1135.71 | -190.81 | 161.42 | 17.7 | 287.66 | 77.78 | -39.51 | 16.67 | 27.78 | 197.22 | -16.67 | 31.08 | 29.39 | 32.48 |
| 22Q1 (10) | -0.23 | -309.09 | 4.17 | 20.95 | -3.77 | -37.07 | -3.77 | -230.45 | 5.75 | -3.03 | -218.82 | 49.5 | -3.03 | -346.34 | 52.43 | -1.63 | -320.27 | -10.14 | -0.64 | -252.38 | 43.36 | 0.24 | -20.0 | 33.33 | 0.42 | -92.5 | 124.0 | 137.14 | 20.86 | 308.88 | 128.57 | 12.5 | 80.0 | -28.57 | -100.0 | -200.0 | 24.02 | 16.6 | -36.17 |
| 21Q4 (9) | 0.11 | 37.5 | 164.71 | 21.77 | 1.92 | -33.91 | 2.89 | 103.52 | 372.64 | 2.55 | 26.24 | 1693.75 | 1.23 | 21.78 | 128.34 | 0.74 | 42.31 | 172.55 | 0.42 | 20.0 | 158.33 | 0.30 | -6.25 | 76.47 | 5.60 | 12.9 | 31.15 | 113.47 | 24.76 | 294.54 | 114.29 | 90.48 | 0 | -14.29 | -171.43 | 0 | 20.60 | -3.83 | -38.51 |
| 21Q3 (8) | 0.08 | 33.33 | 144.44 | 21.36 | -13.03 | -39.47 | 1.42 | 11.81 | 123.71 | 2.02 | 10.38 | 133.55 | 1.01 | 10.99 | 123.06 | 0.52 | 48.57 | 147.71 | 0.35 | 29.63 | 150.72 | 0.32 | 14.29 | 88.24 | 4.96 | 3.55 | 712.35 | 90.95 | 118.42 | 94.67 | 60.00 | -10.0 | -40.0 | 20.00 | -40.0 | 0 | 21.42 | -8.7 | -32.34 |
| 21Q2 (7) | 0.06 | 125.0 | -40.0 | 24.56 | -26.22 | -24.92 | 1.27 | 131.75 | 242.7 | 1.83 | 130.5 | 381.58 | 0.91 | 114.29 | -64.03 | 0.35 | 123.65 | -45.31 | 0.27 | 123.89 | -41.3 | 0.28 | 55.56 | 64.71 | 4.79 | 373.71 | -23.97 | 41.64 | 24.15 | -21.48 | 66.67 | -6.67 | 0 | 33.33 | 16.67 | 0 | 23.46 | -37.66 | 0 |
| 21Q1 (6) | -0.24 | -41.18 | -700.0 | 33.29 | 1.06 | 1.62 | -4.00 | -277.36 | 64.16 | -6.00 | -3650.0 | -528.57 | -6.37 | -46.77 | -555.0 | -1.48 | -45.1 | -648.15 | -1.13 | -56.94 | -591.3 | 0.18 | 5.88 | 38.46 | -1.75 | -140.98 | -118.66 | 33.54 | 16.62 | -30.4 | 71.43 | 0 | 106.49 | 28.57 | 0 | -97.62 | 37.63 | 12.33 | 0 |
| 20Q4 (5) | -0.17 | 5.56 | -142.86 | 32.94 | -6.66 | 0.27 | -1.06 | 82.3 | -125.3 | -0.16 | 97.34 | -135.56 | -4.34 | 0.91 | -163.03 | -1.02 | 6.42 | -126.67 | -0.72 | -4.35 | -188.0 | 0.17 | 0.0 | -5.56 | 4.27 | 627.16 | -35.5 | 28.76 | -38.44 | -40.1 | 0.00 | -100.0 | -100.0 | 0.00 | 0 | 100.0 | 33.50 | 5.81 | 14.37 |
| 20Q3 (4) | -0.18 | -280.0 | 0.0 | 35.29 | 7.89 | 0.0 | -5.99 | -573.03 | 0.0 | -6.02 | -1684.21 | 0.0 | -4.38 | -273.12 | 0.0 | -1.09 | -270.31 | 0.0 | -0.69 | -250.0 | 0.0 | 0.17 | 0.0 | 0.0 | -0.81 | -112.86 | 0.0 | 46.72 | -11.9 | 0.0 | 100.00 | 0 | 0.0 | -0.00 | 0 | 0.0 | 31.66 | 0 | 0.0 |
| 20Q2 (3) | 0.10 | 150.0 | 0.0 | 32.71 | -0.15 | 0.0 | -0.89 | 92.03 | 0.0 | 0.38 | -72.86 | 0.0 | 2.53 | 80.71 | 0.0 | 0.64 | 137.04 | 0.0 | 0.46 | 100.0 | 0.0 | 0.17 | 30.77 | 0.0 | 6.30 | -32.84 | 0.0 | 53.03 | 10.04 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.04 | 157.14 | 0.0 | 32.76 | -0.27 | 0.0 | -11.16 | -366.35 | 0.0 | 1.40 | 211.11 | 0.0 | 1.40 | 184.85 | 0.0 | 0.27 | 160.0 | 0.0 | 0.23 | 192.0 | 0.0 | 0.13 | -27.78 | 0.0 | 9.38 | 41.69 | 0.0 | 48.19 | 0.37 | 0.0 | -1100.00 | -283.33 | 0.0 | 1200.00 | 340.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.07 | 0.0 | 0.0 | 32.85 | 0.0 | 0.0 | 4.19 | 0.0 | 0.0 | 0.45 | 0.0 | 0.0 | -1.65 | 0.0 | 0.0 | -0.45 | 0.0 | 0.0 | -0.25 | 0.0 | 0.0 | 0.18 | 0.0 | 0.0 | 6.62 | 0.0 | 0.0 | 48.01 | 0.0 | 0.0 | 600.00 | 0.0 | 0.0 | -500.00 | 0.0 | 0.0 | 29.29 | 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) | -5.73 | 0 | 10.83 | -43.39 | -29.83 | 0 | 5.75 | 39.76 | -31.17 | 0 | -32.33 | 0 | -44.42 | 0 | -15.73 | 0 | 0.52 | -29.73 | -21.57 | 0 | 225.48 | 85.47 | 95.90 | -7.41 | 4.10 | 0 | 1.38 | 89.31 | 22.11 | -12.5 |
| 2022 (9) | -2.76 | 0 | 19.13 | -20.03 | -10.88 | 0 | 4.11 | 75.85 | -10.45 | 0 | -11.22 | 0 | -18.01 | 0 | -7.66 | 0 | 0.74 | -27.45 | -4.49 | 0 | 121.57 | 7.14 | 103.57 | -7.94 | -3.57 | 0 | 0.73 | -30.69 | 25.27 | 5.73 |
| 2021 (8) | 0.01 | 0 | 23.92 | -28.53 | 1.11 | 0 | 2.34 | -50.65 | 1.02 | 0 | 0.02 | 0 | 0.03 | 0 | 0.12 | 0 | 1.02 | 50.0 | 4.06 | -14.35 | 113.47 | 294.54 | 112.50 | -67.86 | -12.50 | 0 | 1.05 | -38.82 | 23.90 | -29.5 |
| 2020 (7) | -0.19 | 0 | 33.47 | 12.54 | -4.43 | 0 | 4.74 | 8.67 | -1.25 | 0 | -1.28 | 0 | -1.20 | 0 | -0.71 | 0 | 0.68 | -8.11 | 4.74 | -26.63 | 28.76 | -40.1 | 350.00 | 775.0 | -250.00 | 0 | 1.72 | 14.58 | 33.90 | 16.06 |
| 2019 (6) | 0.03 | -95.83 | 29.74 | -9.36 | 0.34 | -79.27 | 4.36 | 26.73 | 0.91 | -77.14 | 0.16 | -95.54 | 0.18 | -95.8 | 0.37 | -87.37 | 0.74 | 1.37 | 6.46 | -28.38 | 48.01 | -18.65 | 40.00 | -4.0 | 60.00 | 2.86 | 1.50 | 11.9 | 29.21 | -0.81 |
| 2018 (5) | 0.72 | 46.94 | 32.81 | -5.15 | 1.64 | -46.23 | 3.44 | 9.23 | 3.98 | 34.92 | 3.59 | 69.34 | 4.29 | 43.96 | 2.93 | 46.5 | 0.73 | -7.59 | 9.02 | 16.54 | 59.02 | -13.14 | 41.67 | -58.33 | 58.33 | 0 | 1.34 | 0 | 29.45 | 4.47 |
| 2017 (4) | 0.49 | 0 | 34.59 | 16.54 | 3.05 | 0 | 3.15 | 7.31 | 2.95 | 0 | 2.12 | 0 | 2.98 | 0 | 2.00 | 0 | 0.79 | 2.6 | 7.74 | 0 | 67.95 | -21.1 | 100.00 | 44.12 | -4.76 | 0 | 0.00 | 0 | 28.19 | -0.32 |
| 2016 (3) | -1.88 | 0 | 29.68 | 14.68 | -4.60 | 0 | 2.94 | -16.71 | -6.59 | 0 | -7.62 | 0 | -10.72 | 0 | -5.49 | 0 | 0.77 | 5.48 | -1.74 | 0 | 86.12 | 6.24 | 69.39 | -18.26 | 30.61 | 102.51 | 0.00 | 0 | 28.28 | -2.72 |
| 2015 (2) | -2.95 | 0 | 25.88 | -10.36 | -9.15 | 0 | 3.53 | -2.91 | -10.84 | 0 | -11.28 | 0 | -14.43 | 0 | -7.94 | 0 | 0.73 | -1.35 | -5.67 | 0 | 81.06 | 17.63 | 84.88 | -63.62 | 15.12 | 0 | 0.00 | 0 | 29.07 | 7.79 |
| 2014 (1) | -0.66 | 0 | 28.87 | 0 | -4.20 | 0 | 3.63 | 11.71 | -1.80 | 0 | -2.41 | 0 | -2.96 | 0 | -1.47 | 0 | 0.74 | -7.5 | 3.27 | -40.44 | 68.91 | 8.73 | 233.33 | 1766.67 | -133.33 | 0 | 0.00 | 0 | 26.97 | 31.63 |
