- 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) | -0.24 | 35.14 | -20.0 | 62.50 | -14.77 | 195.13 | -113500.00 | -40.92 | -4235.47 | -98637.50 | -20.6 | -6620.5 | -98637.50 | -20.6 | -6620.5 | -9.64 | 27.57 | -79.52 | -8.49 | 29.31 | -96.53 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.00 | 23.46 | -33.24 | 112.50 | 12.5 | -34.37 | -12.50 | 0 | 82.5 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.37 | -54.17 | 59.34 | 73.33 | -3.34 | 0 | -80540.00 | -114.73 | 0 | -81786.70 | -197.93 | 0 | -81786.70 | -197.93 | 0 | -13.31 | -69.34 | 38.18 | -12.01 | -77.14 | 25.22 | 0.00 | 0 | 0 | 0.00 | 0 | -100.0 | 11.34 | 11.61 | -56.83 | 100.00 | -27.27 | 7.69 | -0.00 | 100.0 | -100.0 | 34106.70 | 94.44 | 6887.81 |
| 24Q1 (18) | -0.24 | 44.19 | 67.57 | 75.86 | 1127.91 | 89.37 | -37506.90 | -1228.12 | -26761.63 | -27451.70 | -714.88 | -19793.98 | -27451.70 | -714.88 | -19793.98 | -7.86 | 37.62 | 44.76 | -6.78 | 34.81 | 34.74 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 10.16 | -51.15 | -73.96 | 137.50 | 60.42 | 37.5 | -37.50 | -362.5 | 0 | 17541.40 | 1295.34 | 13766.72 |
| 23Q4 (17) | -0.43 | -115.0 | 48.81 | -7.38 | 88.77 | -115.66 | -2824.05 | -7.87 | -2577.33 | -3368.81 | -129.53 | -1754.97 | -3368.81 | -129.53 | -1726.9 | -12.60 | -134.64 | 4.4 | -10.40 | -140.74 | -0.48 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 20.80 | -0.81 | -39.34 | 85.71 | -50.0 | 44.64 | 14.29 | 120.0 | -64.94 | 1257.14 | -6.38 | 909.91 |
| 23Q3 (16) | -0.20 | 78.02 | 84.0 | -65.70 | 0 | -327.02 | -2617.94 | 0 | -1128.39 | -1467.71 | 0 | -474.13 | -1467.71 | 0 | -465.72 | -5.37 | 75.06 | 68.67 | -4.32 | 73.1 | 68.21 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | 100.0 | 20.97 | -20.18 | 1.21 | 171.43 | 84.62 | 106.72 | -71.43 | -1100.0 | -518.37 | 1342.83 | 367.25 | 534.58 |
| 23Q2 (15) | -0.91 | -22.97 | 20.18 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -21.53 | -51.3 | -45.08 | -16.06 | -54.57 | -43.52 | 0.00 | -100.0 | -100.0 | 550.00 | 595.0 | 350.0 | 26.27 | -32.68 | -14.43 | 92.86 | -7.14 | -11.67 | 7.14 | 0 | 239.29 | -502.47 | -497.21 | -321.72 |
| 23Q1 (14) | -0.74 | 11.9 | 46.38 | 40.06 | -15.0 | 60.56 | -139.63 | -32.38 | -35.52 | -137.99 | 24.02 | -30.81 | -137.99 | 25.17 | -29.54 | -14.23 | -7.97 | 11.89 | -10.39 | -0.39 | 12.17 | 0.08 | 33.33 | -27.27 | -111.11 | 27.54 | -36.5 | 39.02 | 13.79 | 16.03 | 100.00 | 68.75 | 2.22 | -0.00 | -100.0 | -100.0 | 126.50 | 1.62 | 35.05 |
| 22Q4 (13) | -0.84 | 32.8 | 73.25 | 47.13 | 62.85 | 167.78 | -105.48 | 50.51 | -96.06 | -181.61 | 28.96 | -12.65 | -184.40 | 28.92 | -14.36 | -13.18 | 23.1 | 56.97 | -10.35 | 23.84 | 55.19 | 0.06 | 20.0 | -57.14 | -153.33 | 27.84 | -17.67 | 34.29 | 65.49 | -10.66 | 59.26 | -28.54 | 76.13 | 40.74 | 138.62 | -38.6 | 124.48 | -41.17 | 139.11 |
| 22Q3 (12) | -1.25 | -9.65 | -12.61 | 28.94 | 25.17 | 108.2 | -213.12 | 21.28 | -566.21 | -255.64 | 1.4 | -500.23 | -259.44 | -0.59 | -508.73 | -17.14 | -15.5 | -98.38 | -13.59 | -21.45 | -101.93 | 0.05 | 25.0 | -68.75 | -212.50 | 3.41 | -2132.14 | 20.72 | -32.51 | -26.05 | 82.93 | -21.12 | 10.57 | 17.07 | 432.93 | -31.71 | 211.61 | -6.62 | 437.49 |
| 22Q2 (11) | -1.14 | 17.39 | -34.12 | 23.12 | -7.33 | 63.86 | -270.74 | -162.78 | -830.38 | -259.28 | -145.79 | -724.68 | -257.91 | -142.12 | -710.78 | -14.84 | 8.11 | -154.11 | -11.19 | 5.41 | -150.9 | 0.04 | -63.64 | -71.43 | -220.00 | -170.27 | -18433.33 | 30.70 | -8.71 | 9.21 | 105.13 | 7.46 | 13.89 | -5.13 | -335.9 | -166.67 | 226.62 | 141.93 | 512.49 |
| 22Q1 (10) | -1.38 | 56.05 | -611.11 | 24.95 | 41.76 | -32.64 | -103.03 | -91.51 | -436.06 | -105.49 | 34.56 | -1269.51 | -106.52 | 33.94 | -1340.05 | -16.15 | 47.27 | -887.8 | -11.83 | 48.79 | -982.84 | 0.11 | -21.43 | -26.67 | -81.40 | 37.53 | -313.2 | 33.63 | -12.38 | 4.41 | 97.83 | 190.76 | 146.58 | 2.17 | -96.72 | -99.3 | 93.67 | 79.93 | 155.72 |
| 21Q4 (9) | -3.14 | -182.88 | -432.2 | 17.60 | 26.62 | -60.57 | -53.80 | -68.18 | -2185.27 | -161.21 | -278.52 | -1533.33 | -161.25 | -278.34 | -1459.48 | -30.63 | -254.51 | -638.07 | -23.10 | -243.24 | -882.98 | 0.14 | -12.5 | -39.13 | -130.30 | -1268.7 | -1848.99 | 38.38 | 36.97 | -50.74 | 33.64 | -55.14 | 227.85 | 66.36 | 165.42 | -45.18 | 52.06 | 32.23 | 115.3 |
| 21Q3 (8) | -1.11 | -30.59 | -232.14 | 13.90 | -1.49 | -72.68 | -31.99 | -9.93 | -229.88 | -42.59 | -35.46 | -458.8 | -42.62 | -33.98 | -464.27 | -8.64 | -47.95 | -246.44 | -6.73 | -50.9 | -305.18 | 0.16 | 14.29 | -42.86 | -9.52 | -893.33 | -134.04 | 28.02 | -0.32 | -60.83 | 75.00 | -18.75 | -63.79 | 25.00 | 225.0 | 123.33 | 39.37 | 6.41 | 135.19 |
| 21Q2 (7) | -0.85 | -414.81 | -155.92 | 14.11 | -61.91 | -64.06 | -29.10 | -51.4 | -222.53 | -31.44 | -448.56 | -232.94 | -31.81 | -470.31 | -234.62 | -5.84 | -384.88 | -152.14 | -4.46 | -432.84 | -171.47 | 0.14 | -6.67 | -46.15 | 1.20 | -96.86 | -97.11 | 28.11 | -12.73 | -69.13 | 92.31 | 143.96 | -7.69 | 7.69 | -97.52 | 0 | 37.00 | 1.01 | 113.5 |
| 21Q1 (6) | 0.27 | 145.76 | 125.23 | 37.04 | -17.03 | 70.61 | -19.22 | -844.96 | 5.41 | 9.02 | 191.39 | 145.69 | 8.59 | 183.08 | 142.69 | 2.05 | 149.4 | 126.21 | 1.34 | 157.02 | 127.57 | 0.15 | -34.78 | -37.5 | 38.18 | 412.48 | 1011.22 | 32.21 | -58.66 | -50.41 | -210.00 | -698.0 | -303.82 | 310.00 | 156.09 | 10330.0 | 36.63 | 51.49 | 0 |
| 20Q4 (5) | -0.59 | -170.24 | -133.91 | 44.64 | -12.26 | 49.0 | 2.58 | -89.52 | -74.4 | -9.87 | -183.15 | -195.92 | -10.34 | -188.38 | -219.54 | -4.15 | -170.34 | -152.07 | -2.35 | -171.65 | -139.1 | 0.23 | -17.86 | -66.67 | 7.45 | -73.36 | -55.31 | 77.92 | 8.93 | 38.45 | -26.32 | -112.7 | -126.32 | 121.05 | 212.98 | 4863.16 | 24.18 | 44.44 | 0 |
| 20Q3 (4) | 0.84 | -44.74 | 0.0 | 50.88 | 29.6 | 0.0 | 24.63 | 3.71 | 0.0 | 11.87 | -49.81 | 0.0 | 11.70 | -50.49 | 0.0 | 5.90 | -47.32 | 0.0 | 3.28 | -47.44 | 0.0 | 0.28 | 7.69 | 0.0 | 27.97 | -32.68 | 0.0 | 71.53 | -21.46 | 0.0 | 207.14 | 107.14 | 0.0 | -107.14 | 0 | 0.0 | 16.74 | -3.4 | 0.0 |
| 20Q2 (3) | 1.52 | 242.06 | 0.0 | 39.26 | 80.84 | 0.0 | 23.75 | 216.88 | 0.0 | 23.65 | 219.81 | 0.0 | 23.63 | 217.45 | 0.0 | 11.20 | 243.22 | 0.0 | 6.24 | 228.4 | 0.0 | 0.26 | 8.33 | 0.0 | 41.55 | 1091.65 | 0.0 | 91.07 | 40.22 | 0.0 | 100.00 | -2.94 | 0.0 | -0.00 | 100.0 | 0.0 | 17.33 | 0 | 0.0 |
| 20Q1 (2) | -1.07 | -161.49 | 0.0 | 21.71 | -27.54 | 0.0 | -20.32 | -301.59 | 0.0 | -19.74 | -291.84 | 0.0 | -20.12 | -332.6 | 0.0 | -7.82 | -198.12 | 0.0 | -4.86 | -180.87 | 0.0 | 0.24 | -65.22 | 0.0 | -4.19 | -125.13 | 0.0 | 64.95 | 15.41 | 0.0 | 103.03 | 3.03 | 0.0 | -3.03 | -224.24 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | 1.74 | 0.0 | 0.0 | 29.96 | 0.0 | 0.0 | 10.08 | 0.0 | 0.0 | 10.29 | 0.0 | 0.0 | 8.65 | 0.0 | 0.0 | 7.97 | 0.0 | 0.0 | 6.01 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 56.28 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 2.44 | 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) | -2.29 | 0 | 44.36 | 54.94 | -323.80 | 0 | 69.57 | 295.65 | -319.30 | 0 | -330.44 | 0 | -50.96 | 0 | -39.17 | 0 | 0.12 | -55.56 | -239.13 | 0 | 20.80 | -39.34 | 101.37 | 14.13 | -1.37 | 0 | 1.59 | -78.36 | 227.59 | 62.68 |
| 2022 (9) | -4.63 | 0 | 28.63 | 29.66 | -148.76 | 0 | 17.58 | 141.23 | -168.15 | 0 | -169.54 | 0 | -62.59 | 0 | -45.64 | 0 | 0.27 | -51.79 | -136.26 | 0 | 34.29 | -10.66 | 88.82 | 30.76 | 11.84 | -63.08 | 7.34 | -42.84 | 139.90 | 246.54 |
| 2021 (8) | -4.76 | 0 | 22.08 | -45.2 | -31.41 | 0 | 7.29 | 132.65 | -46.24 | 0 | -46.49 | 0 | -42.30 | 0 | -25.99 | 0 | 0.56 | -46.67 | -15.16 | 0 | 38.38 | -50.74 | 67.92 | -78.23 | 32.08 | 0 | 12.83 | -69.69 | 40.37 | 111.03 |
| 2020 (7) | 0.70 | -49.64 | 40.29 | 30.05 | 9.79 | 35.03 | 3.13 | 85.62 | 3.18 | -58.05 | 2.94 | -50.34 | 5.20 | -47.69 | 3.17 | -52.11 | 1.05 | -5.41 | 19.80 | 37.98 | 77.92 | 32.16 | 312.00 | 230.35 | -212.00 | 0 | 42.35 | -0.77 | 19.13 | 50.27 |
| 2019 (6) | 1.39 | 0 | 30.98 | -31.49 | 7.25 | 0 | 1.69 | -32.49 | 7.58 | 0 | 5.92 | 0 | 9.94 | 0 | 6.62 | 0 | 1.11 | 246.88 | 14.35 | 0 | 58.96 | 165.94 | 94.44 | -17.87 | 5.56 | 0 | 42.67 | 8.55 | 12.73 | -85.35 |
| 2018 (5) | -1.41 | 0 | 45.22 | 0 | -57.32 | 0 | 2.50 | 0 | -49.34 | 0 | -51.13 | 0 | -20.86 | 0 | -16.35 | 0 | 0.32 | -28.89 | -45.00 | 0 | 22.17 | -38.74 | 115.00 | 108.82 | -15.00 | 0 | 39.31 | 0 | 86.91 | 82.62 |
| 2017 (4) | -5.24 | 0 | -1.02 | 0 | -61.94 | 0 | 0.00 | 0 | -112.67 | 0 | -112.67 | 0 | -78.85 | 0 | -49.87 | 0 | 0.45 | -16.67 | -106.56 | 0 | 36.19 | -50.26 | 55.07 | -43.03 | 44.93 | 978.26 | 0.00 | 0 | 47.59 | 22.21 |
| 2016 (3) | -7.49 | 0 | -20.34 | 0 | -101.91 | 0 | 27.19 | -3.59 | -106.00 | 0 | -110.31 | 0 | -128.73 | 0 | -58.43 | 0 | 0.54 | 25.58 | -71.93 | 0 | 72.76 | -54.65 | 96.67 | 3.26 | 4.17 | -34.72 | 0.00 | 0 | 38.94 | 5.04 |
| 2015 (2) | -7.55 | 0 | -23.28 | 0 | -75.22 | 0 | 28.21 | -4.94 | -79.96 | 0 | -79.99 | 0 | -102.70 | 0 | -33.10 | 0 | 0.43 | -2.27 | -47.86 | 0 | 160.45 | -34.1 | 93.62 | 85.72 | 6.38 | -87.13 | 0.00 | 0 | 37.07 | 52.3 |
| 2014 (1) | -5.91 | 0 | -14.99 | 0 | -34.26 | 0 | 29.67 | 38.21 | -67.82 | 0 | -68.60 | 0 | -83.45 | 0 | -29.46 | 0 | 0.44 | -22.81 | -34.62 | 0 | 243.46 | 68.21 | 50.41 | 17.07 | 49.59 | -12.91 | 0.00 | 0 | 24.34 | 69.97 |
