- 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) | 0.06 | 300.0 | 250.0 | -1.40 | -27.27 | 32.69 | -41.70 | -42.32 | 44.8 | 30.10 | 367.08 | 218.93 | 30.56 | 371.16 | 220.74 | 0.69 | 286.49 | 264.29 | 0.68 | 283.78 | 265.85 | 0.02 | -33.33 | 0.0 | 31.25 | 459.2 | 287.46 | 0.55 | -27.63 | -36.78 | -140.00 | -160.0 | -146.67 | 220.00 | 265.0 | 210.0 | 23.06 | 32.0 | -27.58 |
| 24Q2 (19) | -0.03 | -400.0 | 76.92 | -1.10 | -46.67 | 62.71 | -29.30 | -9.61 | 89.04 | -11.27 | -709.19 | 94.25 | -11.27 | -709.19 | 94.25 | -0.37 | -716.67 | 74.13 | -0.37 | -716.67 | 73.94 | 0.03 | 0.0 | 200.0 | -8.70 | -291.21 | 95.65 | 0.76 | -50.33 | -23.23 | 233.33 | 0 | 66.67 | -133.33 | 0 | -233.33 | 17.47 | -6.83 | -76.29 |
| 24Q1 (18) | 0.01 | 110.0 | 109.09 | -0.75 | 30.56 | 77.48 | -26.73 | 26.51 | 86.89 | 1.85 | 104.68 | 101.13 | 1.85 | 104.68 | 101.13 | 0.06 | 105.77 | 105.04 | 0.06 | 105.83 | 105.08 | 0.03 | 0.0 | 200.0 | 4.55 | 112.35 | 102.84 | 1.53 | 57.73 | 59.38 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 18.75 | -27.83 | -74.42 |
| 23Q4 (17) | -0.10 | -150.0 | -11.11 | -1.08 | 48.08 | -101.28 | -36.37 | 51.85 | 77.88 | -39.49 | -56.03 | 83.03 | -39.49 | -56.03 | 83.03 | -1.04 | -147.62 | -13.04 | -1.03 | -151.22 | -13.19 | 0.03 | 50.0 | 0 | -36.84 | -121.0 | 81.58 | 0.97 | 11.49 | -22.4 | 100.00 | -66.67 | 40.0 | 14.29 | 107.14 | -50.0 | 25.98 | -18.4 | -84.87 |
| 23Q3 (16) | -0.04 | 69.23 | 50.0 | -2.08 | 29.49 | 70.41 | -75.54 | 71.74 | -33.06 | -25.31 | 87.09 | 45.57 | -25.31 | 87.09 | 45.57 | -0.42 | 70.63 | 51.72 | -0.41 | 71.13 | 52.33 | 0.02 | 100.0 | 0.0 | -16.67 | 91.66 | 61.11 | 0.87 | -12.12 | -28.1 | 300.00 | 114.29 | 125.0 | -200.00 | -400.0 | -1100.0 | 31.84 | -56.78 | 14.74 |
| 23Q2 (15) | -0.13 | -18.18 | -85.71 | -2.95 | 11.41 | 2.32 | -267.34 | -31.08 | -154.9 | -196.07 | -19.88 | -77.94 | -196.07 | -19.88 | -77.94 | -1.43 | -20.17 | -31.19 | -1.42 | -20.34 | -32.71 | 0.01 | 0.0 | 0.0 | -200.00 | -25.0 | -74.99 | 0.99 | 3.13 | -21.43 | 140.00 | 14.55 | 40.0 | -40.00 | -80.0 | 0 | 73.67 | 0.5 | 40.4 |
| 23Q1 (14) | -0.11 | -22.22 | -37.5 | -3.33 | -103.96 | 72.2 | -203.95 | -24.05 | -338.32 | -163.56 | 29.73 | -251.36 | -163.56 | 29.73 | -251.36 | -1.19 | -29.35 | 3.25 | -1.18 | -29.67 | 0.84 | 0.01 | 0 | -66.67 | -160.00 | 20.0 | -255.56 | 0.96 | -23.2 | -40.74 | 122.22 | 71.11 | 22.22 | -22.22 | -177.78 | 0 | 73.30 | -57.3 | 273.6 |
| 22Q4 (13) | -0.09 | -12.5 | -114.29 | 84.09 | 1296.16 | -57.26 | -164.41 | -189.61 | -194.19 | -232.77 | -400.58 | -335.88 | -232.77 | -400.58 | -335.88 | -0.92 | -5.75 | -109.32 | -0.91 | -5.81 | -110.72 | 0.00 | -100.0 | -100.0 | -200.00 | -366.64 | -302.78 | 1.25 | 3.31 | -73.79 | 71.43 | -46.43 | -59.51 | 28.57 | 271.43 | 137.4 | 171.66 | 518.59 | 2277.56 |
| 22Q3 (12) | -0.08 | -14.29 | 85.19 | -7.03 | -132.78 | -132.01 | -56.77 | 45.87 | -260.9 | -46.50 | 57.8 | 41.8 | -46.50 | 57.8 | 41.8 | -0.87 | 20.18 | 89.7 | -0.86 | 19.63 | 86.46 | 0.02 | 100.0 | -75.0 | -42.86 | 62.5 | 33.52 | 1.21 | -3.97 | -95.83 | 133.33 | 33.33 | 577.78 | -16.67 | 0 | -120.75 | 27.75 | -47.11 | 397.31 |
| 22Q2 (11) | -0.07 | 12.5 | 36.36 | -3.02 | 74.79 | -1538.1 | -104.88 | -125.4 | -567.18 | -110.19 | -136.71 | -456.8 | -110.19 | -136.71 | -456.8 | -1.09 | 11.38 | 31.87 | -1.07 | 10.08 | 5.31 | 0.01 | -66.67 | -83.33 | -114.29 | -153.98 | 0 | 1.26 | -22.22 | -96.42 | 100.00 | 0.0 | 20.0 | -0.00 | 0 | -100.0 | 52.47 | 167.43 | 601.47 |
| 22Q1 (10) | -0.08 | -112.7 | 52.94 | -11.98 | -106.09 | 50.54 | -46.53 | -126.66 | 11.2 | -46.55 | -147.17 | 19.98 | -46.55 | -147.17 | 19.98 | -1.23 | -112.46 | 50.4 | -1.19 | -114.02 | 32.39 | 0.03 | -66.67 | 0.0 | -45.00 | -145.63 | -112.16 | 1.62 | -66.04 | -95.8 | 100.00 | -43.31 | 11.76 | -0.00 | 100.0 | -100.0 | 19.62 | 171.75 | 32.66 |
| 21Q4 (9) | 0.63 | 216.67 | 226.0 | 196.76 | 6593.73 | 2012.15 | 174.56 | 1209.73 | 467.19 | 98.68 | 223.5 | 153.45 | 98.68 | 223.5 | 153.45 | 9.87 | 216.8 | 242.63 | 8.49 | 233.7 | 268.79 | 0.09 | 12.5 | 200.0 | 98.63 | 252.99 | 161.15 | 4.77 | -83.56 | -87.51 | 176.39 | 796.64 | 558.52 | -76.39 | -195.1 | -201.85 | 7.22 | 29.39 | -66.07 |
| 21Q3 (8) | -0.54 | -390.91 | -315.38 | -3.03 | -1542.86 | 79.55 | -15.73 | -0.06 | 69.13 | -79.90 | -303.74 | -52.71 | -79.90 | -303.74 | -52.71 | -8.45 | -428.12 | -377.4 | -6.35 | -461.95 | -400.0 | 0.08 | 33.33 | 300.0 | -64.47 | 0 | -107.77 | 29.01 | -17.51 | -18.21 | 19.67 | -76.39 | -80.33 | 80.33 | 381.97 | 0 | 5.58 | -25.4 | -68.11 |
| 21Q2 (7) | -0.11 | 35.29 | 31.25 | 0.21 | 100.87 | 100.73 | -15.72 | 70.0 | 81.3 | -19.79 | 65.98 | 73.46 | -19.79 | 65.98 | 79.98 | -1.60 | 35.48 | 1.23 | -1.13 | 35.8 | 2.59 | 0.06 | 100.0 | 200.0 | 0.00 | 100.0 | 100.0 | 35.17 | -8.89 | -2.74 | 83.33 | -6.86 | -27.08 | 16.67 | 58.33 | 216.67 | 7.48 | -49.43 | -72.52 |
| 21Q1 (6) | -0.17 | 66.0 | 68.52 | -24.22 | -135.37 | -5145.83 | -52.40 | -10.22 | -54.34 | -58.17 | 68.49 | -99.42 | -58.17 | 68.49 | 74.75 | -2.48 | 64.16 | -191.76 | -1.76 | 65.01 | -198.31 | 0.03 | 0.0 | 50.0 | -21.21 | 86.85 | -450.91 | 38.60 | 1.05 | 5.72 | 89.47 | 234.04 | -20.47 | 10.53 | -85.96 | 184.21 | 14.79 | -30.5 | -20.74 |
| 20Q4 (5) | -0.50 | -284.62 | 59.35 | -10.29 | 30.57 | 96.45 | -47.54 | 6.71 | 85.98 | -184.62 | -252.87 | 51.36 | -184.62 | -252.87 | 63.66 | -6.92 | -290.96 | 33.33 | -5.03 | -296.06 | 36.97 | 0.03 | 50.0 | 50.0 | -161.29 | -419.79 | 53.92 | 38.20 | 7.7 | 8.31 | 26.79 | -73.21 | -70.05 | 75.00 | 0 | 609.09 | 21.28 | 21.6 | -27.5 |
| 20Q3 (4) | -0.13 | 18.75 | 0.0 | -14.82 | 48.43 | 0.0 | -50.96 | 39.37 | 0.0 | -52.32 | 29.85 | 0.0 | -52.32 | 47.08 | 0.0 | -1.77 | -9.26 | 0.0 | -1.27 | -9.48 | 0.0 | 0.02 | 0.0 | 0.0 | -31.03 | 26.31 | 0.0 | 35.47 | -1.91 | 0.0 | 100.00 | -12.5 | 0.0 | -0.00 | 100.0 | 0.0 | 17.50 | -35.71 | 0.0 |
| 20Q2 (3) | -0.16 | 70.37 | 0.0 | -28.74 | -6087.5 | 0.0 | -84.05 | -147.57 | 0.0 | -74.58 | -155.67 | 0.0 | -98.86 | 57.09 | 0.0 | -1.62 | -90.59 | 0.0 | -1.16 | -96.61 | 0.0 | 0.02 | 0.0 | 0.0 | -42.11 | -993.77 | 0.0 | 36.16 | -0.96 | 0.0 | 114.29 | 1.59 | 0.0 | -14.29 | -14.29 | 0.0 | 27.22 | 45.87 | 0.0 |
| 20Q1 (2) | -0.54 | 56.1 | 0.0 | 0.48 | 100.17 | 0.0 | -33.95 | 89.99 | 0.0 | -29.17 | 92.31 | 0.0 | -230.41 | 54.64 | 0.0 | -0.85 | 91.81 | 0.0 | -0.59 | 92.61 | 0.0 | 0.02 | 0.0 | 0.0 | -3.85 | 98.9 | 0.0 | 36.51 | 3.52 | 0.0 | 112.50 | 25.81 | 0.0 | -12.50 | -218.18 | 0.0 | 18.66 | -36.42 | 0.0 |
| 19Q4 (1) | -1.23 | 0.0 | 0.0 | -290.08 | 0.0 | 0.0 | -339.07 | 0.0 | 0.0 | -379.57 | 0.0 | 0.0 | -507.99 | 0.0 | 0.0 | -10.38 | 0.0 | 0.0 | -7.98 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -350.00 | 0.0 | 0.0 | 35.27 | 0.0 | 0.0 | 89.42 | 0.0 | 0.0 | 10.58 | 0.0 | 0.0 | 29.35 | 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) | -0.38 | 0 | -1.90 | 0 | -99.02 | 0 | 4.88 | 7.32 | -71.64 | 0 | -71.64 | 0 | -4.08 | 0 | -4.03 | 0 | 0.06 | 0.0 | -65.85 | 0 | 0.97 | -22.4 | 141.38 | 46.09 | -37.93 | 0 | 0.00 | 0 | 39.93 | 6.03 |
| 2022 (9) | -0.40 | 0 | -2.62 | 0 | -67.28 | 0 | 4.55 | -67.38 | -69.44 | 0 | -69.44 | 0 | -4.11 | 0 | -3.98 | 0 | 0.06 | -76.92 | -63.64 | 0 | 1.25 | -73.79 | 96.77 | 0 | 3.23 | -99.38 | 0.00 | 0 | 37.66 | 382.82 |
| 2021 (8) | -0.18 | 0 | 54.67 | 0 | 36.21 | 0 | 13.93 | -36.39 | -8.42 | 0 | -8.42 | 0 | -2.65 | 0 | -2.06 | 0 | 0.26 | 188.89 | 6.15 | 0 | 4.77 | -87.51 | -419.05 | 0 | 519.05 | 790.64 | 0.00 | 0 | 7.80 | -62.23 |
| 2020 (7) | -1.33 | 0 | -20.92 | 0 | -60.42 | 0 | 21.90 | -43.67 | -144.44 | 0 | -144.44 | 0 | -17.53 | 0 | -12.70 | 0 | 0.09 | 0.0 | -120.00 | 0 | 38.20 | 8.31 | 41.72 | -64.91 | 58.28 | 0 | 0.00 | 0 | 20.65 | -20.88 |
| 2019 (6) | -1.75 | 0 | -80.05 | 0 | -120.41 | 0 | 38.89 | -56.17 | -101.16 | 0 | -158.32 | 0 | -12.26 | 0 | -9.38 | 0 | 0.09 | -59.09 | -59.52 | 0 | 35.27 | 53.55 | 118.90 | 155.85 | -18.90 | 0 | 0.00 | 0 | 26.10 | 26.09 |
| 2018 (5) | -5.28 | 0 | -152.37 | 0 | -163.81 | 0 | 88.72 | 55.05 | -352.57 | 0 | -353.43 | 0 | -89.71 | 0 | -79.24 | 0 | 0.22 | -15.38 | -262.91 | 0 | 22.97 | 144.1 | 46.47 | -53.46 | 53.53 | 36781.32 | 0.00 | 0 | 20.70 | 16.36 |
| 2017 (4) | -1.98 | 0 | -65.49 | 0 | -72.53 | 0 | 57.22 | 42.63 | -72.68 | 0 | -72.82 | 0 | -20.76 | 0 | -19.21 | 0 | 0.26 | -16.13 | -15.17 | 0 | 9.41 | 43.66 | 99.85 | -0.89 | 0.15 | 0 | 0.00 | 0 | 17.79 | 12.1 |
| 2016 (3) | -2.10 | 0 | -33.24 | 0 | -38.96 | 0 | 40.12 | 18.32 | -38.64 | 0 | -53.51 | 0 | -18.16 | 0 | -16.74 | 0 | 0.31 | 3.33 | 1.68 | 55.56 | 6.55 | -32.89 | 100.75 | -0.76 | -0.75 | 0 | 0.00 | 0 | 15.87 | 6.72 |
| 2015 (2) | -1.73 | 0 | -28.87 | 0 | -33.83 | 0 | 33.90 | 17.06 | -33.32 | 0 | -38.34 | 0 | -12.83 | 0 | -11.58 | 0 | 0.30 | -6.25 | 1.08 | -76.72 | 9.76 | -5.79 | 101.52 | 0.68 | -1.52 | 0 | 0.00 | 0 | 14.87 | 14.56 |
| 2014 (1) | -1.55 | 0 | -21.47 | 0 | -26.12 | 0 | 28.96 | -42.13 | -25.87 | 0 | -28.97 | 0 | -11.58 | 0 | -9.06 | 0 | 0.32 | 100.0 | 4.64 | 0 | 10.36 | -72.91 | 100.83 | 11.87 | -1.04 | 0 | 0.00 | 0 | 12.98 | -40.05 |
