- 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) | -0.36 | 7.69 | 28.0 | 18.67 | 267.9 | 274.16 | -101.08 | 5.73 | 40.91 | -95.77 | 5.54 | 42.73 | -95.77 | 5.54 | 42.73 | -5.03 | 8.04 | 18.08 | -3.37 | 9.16 | 19.18 | 0.04 | 0.0 | 33.33 | -81.25 | 2.5 | 45.83 | 45.15 | 2.15 | -3.83 | 106.25 | 0.66 | 1.82 | -6.25 | -12.5 | -43.75 | 74.51 | 7.32 | 15.66 |
| 24Q2 (19) | -0.39 | 2.5 | 0.0 | -11.12 | -1456.1 | 58.71 | -107.22 | 14.87 | 35.71 | -101.39 | 14.7 | 36.21 | -101.39 | 14.7 | 36.21 | -5.47 | -0.18 | -7.25 | -3.71 | -4.51 | -4.21 | 0.04 | 33.33 | 100.0 | -83.33 | 16.67 | 39.82 | 44.20 | 2.81 | 4.57 | 105.56 | 0.28 | 0.53 | -5.56 | -5.56 | -11.11 | 69.43 | -8.19 | -2.09 |
| 24Q1 (18) | -0.40 | 32.2 | 11.11 | 0.82 | 102.17 | -94.11 | -125.95 | 16.7 | -104.53 | -118.86 | 17.81 | -94.92 | -118.86 | 17.81 | -94.92 | -5.46 | 25.0 | -10.3 | -3.55 | 24.79 | -27.24 | 0.03 | 0.0 | -40.0 | -100.00 | 25.0 | -100.0 | 42.99 | -23.53 | 13.46 | 105.26 | 1.5 | 5.26 | -5.26 | -42.11 | 0 | 75.62 | 36.87 | 106.11 |
| 23Q4 (17) | -0.59 | -18.0 | -84.37 | -37.73 | -251.96 | -254.89 | -151.20 | 11.61 | -462.5 | -144.61 | 13.53 | -467.77 | -144.61 | 13.53 | -467.77 | -7.28 | -18.57 | 13.54 | -4.72 | -13.19 | -85.83 | 0.03 | 0.0 | -72.73 | -133.33 | 11.11 | -646.53 | 56.22 | 19.74 | -75.5 | 103.70 | -0.62 | 3.7 | -3.70 | 14.81 | 0 | 55.25 | -14.23 | 152.63 |
| 23Q3 (16) | -0.50 | -28.21 | -13.64 | -10.72 | 60.19 | -373.47 | -171.06 | -2.57 | -219.86 | -167.23 | -5.22 | -202.46 | -167.23 | -5.22 | -202.46 | -6.14 | -20.39 | 51.65 | -4.17 | -17.13 | 3.47 | 0.03 | 50.0 | -62.5 | -150.00 | -8.33 | -249.98 | 46.95 | 11.07 | -75.66 | 104.35 | -0.62 | 13.83 | -4.35 | 13.04 | 0 | 64.42 | -9.15 | 126.51 |
| 23Q2 (15) | -0.39 | 13.33 | 25.0 | -26.93 | -293.46 | -1.2 | -166.78 | -170.83 | -22.05 | -158.94 | -160.64 | -23.5 | -158.94 | -160.64 | -23.5 | -5.10 | -3.03 | 63.86 | -3.56 | -27.6 | 32.19 | 0.02 | -60.0 | -50.0 | -138.46 | -176.92 | -27.81 | 42.27 | 11.56 | -75.99 | 105.00 | 5.0 | -1.56 | -5.00 | 0 | 25.0 | 70.91 | 93.27 | 40.89 |
| 23Q1 (14) | -0.45 | -40.62 | -114.29 | 13.92 | -42.86 | -45.07 | -61.58 | -129.09 | -199.51 | -60.98 | -139.42 | -251.67 | -60.98 | -139.42 | -251.67 | -4.95 | 41.21 | -13.79 | -2.79 | -9.84 | -69.09 | 0.05 | -54.55 | -50.0 | -50.00 | -179.96 | -383.56 | 37.89 | -83.49 | -74.67 | 100.00 | 0.0 | -16.67 | -0.00 | 0 | 100.0 | 36.69 | 67.76 | 64.53 |
| 22Q4 (13) | -0.32 | 27.27 | 8.57 | 24.36 | 521.43 | 254.59 | -26.88 | 49.74 | 31.79 | -25.47 | 53.93 | 28.64 | -25.47 | 53.93 | 28.64 | -8.42 | 33.7 | -9.64 | -2.54 | 41.2 | 19.87 | 0.11 | 37.5 | 22.22 | -17.86 | 58.33 | 33.66 | 229.48 | 18.98 | 63.61 | 100.00 | 9.09 | -10.0 | -0.00 | 0 | 100.0 | 21.87 | -23.1 | 1.06 |
| 22Q3 (12) | -0.44 | 15.38 | -388.89 | 3.92 | 114.73 | -80.83 | -53.48 | 60.86 | -18.82 | -55.29 | 57.04 | -52.78 | -55.29 | 57.04 | -52.78 | -12.70 | 9.99 | -148.05 | -4.32 | 17.71 | -100.0 | 0.08 | 100.0 | 33.33 | -42.86 | 60.44 | -92.89 | 192.88 | 9.57 | 52.33 | 91.67 | -14.06 | -19.79 | -0.00 | 100.0 | 100.0 | 28.44 | -43.49 | -9.14 |
| 22Q2 (11) | -0.52 | -147.62 | -550.0 | -26.61 | -205.01 | -184.32 | -136.65 | -564.64 | -366.86 | -128.70 | -642.21 | -419.79 | -128.70 | -642.21 | -419.79 | -14.11 | -224.37 | -300.85 | -5.25 | -218.18 | -254.73 | 0.04 | -60.0 | -33.33 | -108.33 | -947.68 | -586.07 | 176.04 | 17.7 | 46.46 | 106.67 | -11.11 | -11.11 | -6.67 | 66.67 | 66.67 | 50.33 | 125.7 | 73.85 |
| 22Q1 (10) | -0.21 | 40.0 | -320.0 | 25.34 | 268.85 | -18.28 | -20.56 | 47.83 | -26.76 | -17.34 | 51.41 | -45.71 | -17.34 | 51.41 | -45.71 | -4.35 | 43.36 | -104.23 | -1.65 | 47.95 | -85.39 | 0.10 | 11.11 | 11.11 | -10.34 | 61.59 | -158.5 | 149.57 | 6.64 | 27.22 | 120.00 | 8.0 | -10.0 | -20.00 | -80.0 | 40.0 | 22.30 | 3.05 | -6.97 |
| 21Q4 (9) | -0.35 | -288.89 | -133.33 | 6.87 | -66.41 | -39.31 | -39.41 | 12.44 | 9.75 | -35.69 | 1.38 | 5.46 | -35.69 | 1.38 | 5.46 | -7.68 | -50.0 | -16.19 | -3.17 | -46.76 | -1.6 | 0.09 | 50.0 | 12.5 | -26.92 | -21.15 | 7.71 | 140.26 | 10.77 | 37.09 | 111.11 | -2.78 | 0.0 | -11.11 | 61.11 | 0.0 | 21.64 | -30.86 | -7.72 |
| 21Q3 (8) | -0.09 | -12.5 | 10.0 | 20.45 | -35.2 | -32.15 | -45.01 | -53.78 | -110.92 | -36.19 | -46.16 | -99.06 | -36.19 | -46.16 | -99.06 | -5.12 | -45.45 | -44.23 | -2.16 | -45.95 | -30.12 | 0.06 | 0.0 | -40.0 | -22.22 | -40.72 | -92.55 | 126.62 | 5.34 | 11.67 | 114.29 | -4.76 | -4.76 | -28.57 | -42.86 | -42.86 | 31.30 | 8.12 | 44.17 |
| 21Q2 (7) | -0.08 | -60.0 | 33.33 | 31.56 | 1.77 | 16.72 | -29.27 | -80.46 | 3.02 | -24.76 | -108.07 | 1.32 | -24.76 | -108.07 | 1.32 | -3.52 | -65.26 | 14.77 | -1.48 | -66.29 | 29.19 | 0.06 | -33.33 | -33.33 | -15.79 | -294.75 | 9.2 | 120.20 | 2.24 | 23.54 | 120.00 | -10.0 | 2.86 | -20.00 | 40.0 | -20.0 | 28.95 | 20.78 | 0 |
| 21Q1 (6) | -0.05 | 66.67 | 75.0 | 31.01 | 173.94 | 170.59 | -16.22 | 62.86 | 68.03 | -11.90 | 68.48 | 73.8 | -11.90 | 68.48 | 73.8 | -2.13 | 67.78 | 67.73 | -0.89 | 71.47 | 75.48 | 0.09 | 12.5 | 12.5 | -4.00 | 86.29 | 88.0 | 117.57 | 14.92 | 40.82 | 133.33 | 20.0 | 21.21 | -33.33 | -200.0 | -233.33 | 23.97 | 2.22 | 0 |
| 20Q4 (5) | -0.15 | -50.0 | 6.25 | 11.32 | -62.44 | -68.06 | -43.67 | -104.64 | -109.85 | -37.75 | -107.65 | -34.53 | -37.75 | -107.65 | -34.53 | -6.61 | -86.2 | -34.9 | -3.12 | -87.95 | -11.03 | 0.08 | -20.0 | -20.0 | -29.17 | -152.77 | -57.51 | 102.31 | -9.77 | 41.57 | 111.11 | -7.41 | 48.15 | -11.11 | 44.44 | -144.44 | 23.45 | 8.01 | 33.77 |
| 20Q3 (4) | -0.10 | 16.67 | 0.0 | 30.14 | 11.46 | 0.0 | -21.34 | 29.29 | 0.0 | -18.18 | 27.54 | 0.0 | -18.18 | 27.54 | 0.0 | -3.55 | 14.04 | 0.0 | -1.66 | 20.57 | 0.0 | 0.10 | 11.11 | 0.0 | -11.54 | 33.64 | 0.0 | 113.39 | 16.54 | 0.0 | 120.00 | 2.86 | 0.0 | -20.00 | -20.0 | 0.0 | 21.71 | 0 | 0.0 |
| 20Q2 (3) | -0.12 | 40.0 | 0.0 | 27.04 | 135.95 | 0.0 | -30.18 | 40.51 | 0.0 | -25.09 | 44.76 | 0.0 | -25.09 | 44.76 | 0.0 | -4.13 | 37.42 | 0.0 | -2.09 | 42.42 | 0.0 | 0.09 | 12.5 | 0.0 | -17.39 | 47.82 | 0.0 | 97.30 | 16.54 | 0.0 | 116.67 | 6.06 | 0.0 | -16.67 | -66.67 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.20 | -25.0 | 0.0 | 11.46 | -67.66 | 0.0 | -50.73 | -143.78 | 0.0 | -45.42 | -61.87 | 0.0 | -45.42 | -61.87 | 0.0 | -6.60 | -34.69 | 0.0 | -3.63 | -29.18 | 0.0 | 0.08 | -20.0 | 0.0 | -33.33 | -79.97 | 0.0 | 83.49 | 15.53 | 0.0 | 110.00 | 46.67 | 0.0 | -10.00 | -140.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.16 | 0.0 | 0.0 | 35.44 | 0.0 | 0.0 | -20.81 | 0.0 | 0.0 | -28.06 | 0.0 | 0.0 | -28.06 | 0.0 | 0.0 | -4.90 | 0.0 | 0.0 | -2.81 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | -18.52 | 0.0 | 0.0 | 72.27 | 0.0 | 0.0 | 75.00 | 0.0 | 0.0 | 25.00 | 0.0 | 0.0 | 17.53 | 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) | -1.87 | 0 | -14.04 | 0 | -131.23 | 0 | 10.77 | 59.74 | -126.82 | 0 | -126.82 | 0 | -37.98 | 0 | -19.67 | 0 | 0.16 | -50.0 | -110.77 | 0 | 56.22 | -75.5 | 103.66 | -1.52 | -3.66 | 0 | 0.55 | -51.37 | 54.64 | 100.59 |
| 2022 (9) | -1.49 | 0 | 13.25 | -39.28 | -45.33 | 0 | 6.74 | 0.0 | -43.25 | 0 | -43.25 | 0 | -38.80 | 0 | -13.44 | 0 | 0.32 | 3.23 | -32.58 | 0 | 229.48 | 63.61 | 105.26 | -9.77 | -5.26 | 0 | 1.12 | -20.79 | 27.24 | 5.26 |
| 2021 (8) | -0.91 | 0 | 21.82 | 7.07 | -31.85 | 0 | 6.74 | -10.43 | -26.74 | 0 | -26.74 | 0 | -18.40 | 0 | -7.86 | 0 | 0.31 | -8.82 | -16.85 | 0 | 140.26 | 37.09 | 116.67 | 2.53 | -20.83 | 0 | 1.42 | -18.87 | 25.88 | 8.65 |
| 2020 (7) | -0.56 | 0 | 20.38 | -48.88 | -35.81 | 0 | 7.53 | 11.83 | -30.99 | 0 | -30.99 | 0 | -19.87 | 0 | -10.35 | 0 | 0.34 | -17.07 | -21.51 | 0 | 102.31 | 41.57 | 113.79 | -28.13 | -13.79 | 0 | 1.75 | -9.44 | 23.82 | 3.48 |
| 2019 (6) | -0.25 | 0 | 39.87 | 61.94 | -18.38 | 0 | 6.73 | 39.1 | -11.36 | 0 | -11.36 | 0 | -7.61 | 0 | -4.34 | 0 | 0.41 | 20.59 | -2.88 | 0 | 72.27 | 37.03 | 158.33 | 52.24 | -58.33 | 0 | 1.93 | -20.53 | 23.02 | -52.51 |
| 2018 (5) | -0.54 | 0 | 24.62 | -49.7 | -41.90 | 0 | 4.84 | -80.65 | -40.81 | 0 | -40.81 | 0 | -18.05 | 0 | -13.48 | 0 | 0.34 | 325.0 | -33.87 | 0 | 52.74 | 1537.89 | 104.00 | 4.0 | -4.00 | 0 | 2.43 | 0 | 48.47 | -65.37 |
| 2017 (4) | -0.56 | 0 | 48.95 | -9.99 | -173.86 | 0 | 25.00 | 6.25 | -174.59 | 0 | -174.59 | 0 | -16.66 | 0 | -14.38 | 0 | 0.08 | -20.0 | -141.67 | 0 | 3.22 | -85.55 | 100.00 | 21.74 | -0.00 | 0 | 0.00 | 0 | 139.95 | 36.34 |
| 2016 (3) | -0.73 | 0 | 54.38 | 0.33 | -137.37 | 0 | 23.53 | 3.53 | -168.29 | 0 | -168.29 | 0 | -18.19 | 0 | -14.59 | 0 | 0.10 | 0.0 | -117.65 | 0 | 22.29 | 741.13 | 82.14 | -26.5 | 17.86 | 0 | 0.00 | 0 | 102.65 | 30.3 |
| 2015 (2) | -0.45 | 0 | 54.20 | -15.09 | -86.84 | 0 | 22.73 | -12.34 | -77.30 | 0 | -77.30 | 0 | -9.88 | 0 | -6.90 | 0 | 0.10 | -9.09 | -40.91 | 0 | 2.65 | -94.53 | 111.76 | -8.93 | -11.76 | 0 | 0.00 | 0 | 78.78 | 9.55 |
| 2014 (1) | -0.57 | 0 | 63.83 | 0 | -100.61 | 0 | 25.93 | 97.69 | -81.72 | 0 | -81.72 | 0 | -11.11 | 0 | -8.40 | 0 | 0.11 | -57.69 | -48.15 | 0 | 48.41 | 1580.9 | 122.73 | 0.41 | -22.73 | 0 | 0.00 | 0 | 71.91 | 113.89 |
