- 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) | -0.14 | -40.0 | -600.0 | 54.43 | 38.04 | 10.9 | -32.79 | -16.82 | -1468.9 | -27.28 | -45.57 | -631.37 | -27.28 | -45.57 | -631.37 | -0.91 | -37.88 | -313.64 | -0.65 | -38.3 | -828.57 | 0.03 | 0.0 | -25.0 | 2.88 | -69.75 | -87.7 | 38.26 | 52.43 | -25.51 | 118.42 | -19.13 | 136.84 | -21.05 | 57.89 | -142.11 | 29.20 | 9.65 | 24.2 |
| 24Q2 (19) | -0.10 | -66.67 | 47.37 | 39.43 | 3.46 | 21.32 | -28.07 | -35.6 | 55.19 | -18.74 | -109.15 | 59.16 | -18.74 | -109.15 | 59.16 | -0.66 | -40.43 | 63.54 | -0.47 | -67.86 | 57.66 | 0.03 | -25.0 | 0.0 | 9.52 | -34.48 | 297.92 | 25.10 | -17.19 | -51.48 | 146.43 | -36.68 | 8.13 | -50.00 | 61.9 | -41.18 | 26.63 | -12.31 | -25.76 |
| 24Q1 (18) | -0.06 | 75.0 | 81.25 | 38.11 | -12.75 | -39.1 | -20.70 | -23.58 | 79.12 | -8.96 | 76.48 | 92.04 | -8.96 | 76.48 | 92.04 | -0.47 | 79.65 | 84.44 | -0.28 | 80.69 | 85.42 | 0.04 | 0.0 | 100.0 | 14.53 | 227.57 | 127.53 | 30.31 | -41.43 | -42.56 | 231.25 | 433.65 | 163.82 | -131.25 | -331.62 | -1163.13 | 30.37 | 15.21 | -42.25 |
| 23Q4 (17) | -0.24 | -1100.0 | -60.0 | 43.68 | -11.0 | 9.09 | -16.75 | -701.44 | -315.85 | -38.10 | -921.45 | -229.3 | -38.10 | -921.45 | -229.3 | -2.31 | -950.0 | -67.39 | -1.45 | -1971.43 | -76.83 | 0.04 | 0.0 | -50.0 | -11.39 | -148.63 | -844.44 | 51.75 | 0.76 | 1.35 | 43.33 | -13.33 | 165.87 | 56.67 | 13.33 | -65.82 | 26.36 | 12.12 | 112.75 |
| 23Q3 (16) | -0.02 | 89.47 | 85.71 | 49.08 | 51.02 | 39.79 | -2.09 | 96.66 | 96.6 | -3.73 | 91.87 | 89.99 | -3.73 | 91.87 | 89.99 | -0.22 | 87.85 | 83.08 | -0.07 | 93.69 | 90.79 | 0.04 | 33.33 | 100.0 | 23.42 | 586.9 | 278.35 | 51.36 | -0.72 | -17.21 | 50.00 | -63.08 | -69.49 | 50.00 | 241.18 | 178.26 | 23.51 | -34.46 | -35.97 |
| 23Q2 (15) | -0.19 | 40.62 | 36.67 | 32.50 | -48.07 | -36.07 | -62.64 | 36.81 | -11.94 | -45.89 | 59.24 | 39.86 | -45.89 | 59.24 | 39.86 | -1.81 | 40.07 | 32.96 | -1.11 | 42.19 | 30.62 | 0.03 | 50.0 | 50.0 | -4.81 | 90.89 | 85.99 | 51.73 | -1.97 | -16.08 | 135.42 | 54.49 | 83.78 | -35.42 | -386.88 | -234.58 | 35.87 | -31.79 | -2.63 |
| 23Q1 (14) | -0.32 | -113.33 | 31.91 | 62.58 | 56.29 | 4157.14 | -99.13 | -1377.45 | 60.55 | -112.59 | -873.12 | 61.77 | -112.59 | -873.12 | 61.77 | -3.02 | -118.84 | 27.23 | -1.92 | -134.15 | 24.11 | 0.02 | -75.0 | 100.0 | -52.78 | -3549.67 | 72.61 | 52.77 | 3.35 | -21.24 | 87.65 | 233.23 | 3.12 | 12.35 | -92.55 | -17.7 | 52.59 | 324.46 | -41.44 |
| 22Q4 (13) | -0.15 | -7.14 | 87.29 | 40.04 | 14.04 | 159.68 | 7.76 | 112.61 | 102.43 | -11.57 | 68.94 | 97.06 | -11.57 | 68.94 | 97.06 | -1.38 | -6.15 | 85.68 | -0.82 | -7.89 | 87.0 | 0.08 | 300.0 | 300.0 | 1.53 | -75.28 | 100.45 | 51.06 | -17.7 | -10.03 | -65.79 | -140.14 | -181.29 | 165.79 | 359.5 | 785.2 | 12.39 | -66.26 | -74.07 |
| 22Q3 (12) | -0.14 | 53.33 | 54.84 | 35.11 | -30.94 | -24.99 | -61.52 | -9.94 | 18.09 | -37.25 | 51.19 | 56.41 | -37.25 | 51.19 | 56.41 | -1.30 | 51.85 | 44.92 | -0.76 | 52.5 | 51.9 | 0.02 | 0.0 | 0.0 | 6.19 | 118.03 | 115.22 | 62.04 | 0.65 | 30.45 | 163.89 | 122.42 | 87.99 | -63.89 | -342.78 | -653.7 | 36.72 | -0.33 | -6.68 |
| 22Q2 (11) | -0.30 | 36.17 | 23.08 | 50.84 | 3358.5 | 27.29 | -55.96 | 77.73 | 3.32 | -76.31 | 74.09 | -19.31 | -76.31 | 74.09 | -19.31 | -2.70 | 34.94 | 8.16 | -1.60 | 36.76 | 19.19 | 0.02 | 100.0 | -33.33 | -34.34 | 82.18 | 8.23 | 61.64 | -8.0 | 33.56 | 73.68 | -13.31 | -18.95 | 26.32 | 75.44 | 189.47 | 36.84 | -58.98 | 50.92 |
| 22Q1 (10) | -0.47 | 60.17 | -2450.0 | 1.47 | 102.19 | -95.56 | -251.31 | 21.3 | -167.15 | -294.47 | 25.22 | -5563.27 | -294.47 | 25.22 | -5563.27 | -4.15 | 56.95 | -3064.29 | -2.53 | 59.9 | -2046.15 | 0.01 | -50.0 | -50.0 | -192.68 | 43.24 | -481.17 | 67.00 | 18.06 | 44.49 | 85.00 | 5.02 | 104.94 | 15.00 | -19.91 | -99.18 | 89.81 | 87.93 | 106.32 |
| 21Q4 (9) | -1.18 | -280.65 | -227.78 | -67.09 | -243.32 | -262.48 | -319.34 | -325.16 | -316.62 | -393.77 | -360.77 | -553.34 | -393.77 | -360.77 | -553.34 | -9.64 | -308.47 | -263.77 | -6.31 | -299.37 | -262.64 | 0.02 | 0.0 | -33.33 | -339.47 | -734.9 | -911.83 | 56.75 | 19.32 | 8.88 | 80.94 | -7.16 | -36.36 | 18.73 | 62.32 | 168.92 | 47.79 | 21.45 | 64.79 |
| 21Q3 (8) | -0.31 | 20.51 | -72.22 | 46.81 | 17.2 | 29.06 | -75.11 | -29.77 | -98.49 | -85.46 | -33.61 | -178.92 | -85.46 | -33.61 | -178.92 | -2.36 | 19.73 | -78.79 | -1.58 | 20.2 | -85.88 | 0.02 | -33.33 | -33.33 | -40.66 | -8.66 | -673.0 | 47.56 | 3.06 | -2.26 | 87.18 | -4.1 | -28.12 | 11.54 | 26.92 | 149.3 | 39.35 | 61.2 | 67.8 |
| 21Q2 (7) | -0.39 | -2050.0 | -425.0 | 39.94 | 20.66 | -3.92 | -57.88 | 38.47 | -4847.01 | -63.96 | -1286.64 | -476.46 | -63.96 | -1286.64 | -476.46 | -2.94 | -2200.0 | -441.86 | -1.98 | -1623.08 | -435.59 | 0.03 | 50.0 | 0.0 | -37.42 | -174.03 | -201.49 | 46.15 | -0.47 | -9.21 | 90.91 | 105.29 | 1463.64 | 9.09 | -99.5 | -91.74 | 24.41 | -43.92 | 0 |
| 21Q1 (6) | 0.02 | 105.56 | 106.67 | 33.10 | -19.84 | -38.54 | -94.07 | -22.73 | -616.3 | 5.39 | 108.94 | 117.1 | 5.39 | 108.94 | 117.1 | 0.14 | 105.28 | 106.6 | 0.13 | 107.47 | 108.39 | 0.02 | -33.33 | -60.0 | 50.55 | 250.67 | 362.6 | 46.37 | -11.03 | 10.01 | -1720.00 | -1452.48 | -2831.82 | 1820.00 | 6797.6 | 1047.06 | 43.53 | 50.1 | 162.7 |
| 20Q4 (5) | -0.36 | -100.0 | -12.5 | 41.29 | 13.84 | 6.55 | -76.65 | -102.56 | -23853.13 | -60.27 | -96.7 | -54.1 | -60.27 | -96.7 | -54.1 | -2.65 | -100.76 | -17.78 | -1.74 | -104.71 | -2.96 | 0.03 | 0.0 | -25.0 | -33.55 | -537.83 | -27.47 | 52.12 | 7.11 | 63.33 | 127.17 | 4.86 | 10328.26 | -27.17 | -16.11 | -127.51 | 29.00 | 23.67 | 12.8 |
| 20Q3 (4) | -0.18 | -250.0 | 0.0 | 36.27 | -12.75 | 0.0 | -37.84 | -3134.19 | 0.0 | -30.64 | -280.34 | 0.0 | -30.64 | -280.34 | 0.0 | -1.32 | -253.49 | 0.0 | -0.85 | -244.07 | 0.0 | 0.03 | 0.0 | 0.0 | -5.26 | -114.27 | 0.0 | 48.66 | -4.27 | 0.0 | 121.28 | 1919.15 | 0.0 | -23.40 | -121.28 | 0.0 | 23.45 | 0 | 0.0 |
| 20Q2 (3) | 0.12 | 140.0 | 0.0 | 41.57 | -22.82 | 0.0 | -1.17 | -106.42 | 0.0 | 16.99 | 153.9 | 0.0 | 16.99 | 153.9 | 0.0 | 0.86 | 140.57 | 0.0 | 0.59 | 138.06 | 0.0 | 0.03 | -40.0 | 0.0 | 36.87 | 291.53 | 0.0 | 50.83 | 20.59 | 0.0 | -6.67 | 88.64 | 0.0 | 110.00 | -30.67 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.30 | 6.25 | 0.0 | 53.86 | 38.99 | 0.0 | 18.22 | 5793.75 | 0.0 | -31.52 | 19.41 | 0.0 | -31.52 | 19.41 | 0.0 | -2.12 | 5.78 | 0.0 | -1.55 | 8.28 | 0.0 | 0.05 | 25.0 | 0.0 | -19.25 | 26.86 | 0.0 | 42.15 | 32.09 | 0.0 | -58.67 | -4910.67 | 0.0 | 158.67 | 60.63 | 0.0 | 16.57 | -35.55 | 0.0 |
| 19Q4 (1) | -0.32 | 0.0 | 0.0 | 38.75 | 0.0 | 0.0 | -0.32 | 0.0 | 0.0 | -39.11 | 0.0 | 0.0 | -39.11 | 0.0 | 0.0 | -2.25 | 0.0 | 0.0 | -1.69 | 0.0 | 0.0 | 0.04 | 0.0 | 0.0 | -26.32 | 0.0 | 0.0 | 31.91 | 0.0 | 0.0 | 1.22 | 0.0 | 0.0 | 98.78 | 0.0 | 0.0 | 25.71 | 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) | -0.77 | 0 | 45.80 | 19.55 | -33.80 | 0 | 11.59 | 12.46 | -39.61 | 0 | -39.61 | 0 | -7.38 | 0 | -4.58 | 0 | 0.12 | -7.69 | -5.08 | 0 | 51.75 | 1.35 | 85.13 | 19.27 | 14.87 | -48.05 | 16.08 | -8.94 | 31.29 | 18.21 |
| 2022 (9) | -1.07 | 0 | 38.31 | 88.63 | -34.08 | 0 | 10.30 | -26.64 | -47.83 | 0 | -47.83 | 0 | -9.52 | 0 | -6.00 | 0 | 0.13 | 62.5 | -18.29 | 0 | 51.06 | -10.03 | 71.38 | -30.83 | 28.62 | 0 | 17.65 | -0.85 | 26.47 | -26.9 |
| 2021 (8) | -1.87 | 0 | 20.31 | -54.32 | -117.64 | 0 | 14.04 | 111.24 | -113.91 | 0 | -113.91 | 0 | -14.82 | 0 | -9.48 | 0 | 0.08 | -46.67 | -74.33 | 0 | 56.75 | 8.88 | 103.18 | 41.98 | -3.18 | 0 | 17.81 | -1.58 | 36.21 | 65.42 |
| 2020 (7) | -0.73 | 0 | 44.46 | 36.17 | -18.38 | 0 | 6.65 | 42.03 | -25.37 | 0 | -25.37 | 0 | -5.24 | 0 | -3.63 | 0 | 0.15 | 0.0 | -5.40 | 0 | 52.12 | 63.33 | 72.68 | 7.9 | 27.87 | -14.62 | 18.09 | 15.82 | 21.89 | -10.07 |
| 2019 (6) | -2.30 | 0 | 32.65 | 0 | -55.36 | 0 | 4.68 | -33.64 | -82.14 | 0 | -82.14 | 0 | -15.09 | 0 | -12.15 | 0 | 0.15 | 200.0 | -68.94 | 0 | 31.91 | 83.29 | 67.36 | -32.43 | 32.64 | 10410.88 | 15.62 | 16.57 | 24.34 | -59.51 |
| 2018 (5) | -1.28 | 0 | -8.24 | 0 | -133.08 | 0 | 7.05 | -85.89 | -133.47 | 0 | -133.47 | 0 | -7.68 | 0 | -6.92 | 0 | 0.05 | 0 | -107.47 | 0 | 17.41 | 254.58 | 99.69 | -3.97 | 0.31 | 0 | 13.40 | 0 | 60.11 | -96.25 |
| 2017 (4) | -2.10 | 0 | 100.00 | 0.0 | -6462.97 | 0 | 50.00 | -66.67 | -6218.04 | 0 | -6218.04 | 0 | -11.65 | 0 | -11.27 | 0 | 0.00 | 0 | -6512.50 | 0 | 4.91 | 162.57 | 103.81 | -6.47 | -4.00 | 0 | 0.00 | 0 | 1603.35 | -72.96 |
| 2016 (3) | -1.14 | 0 | 100.00 | 0 | -15072.20 | 0 | 150.00 | 0 | -13582.00 | 0 | -13582.00 | 0 | -5.87 | 0 | -5.80 | 0 | 0.00 | 0 | -13900.00 | 0 | 1.87 | 246.3 | 110.99 | 6.7 | -10.99 | 0 | 0.00 | 0 | 5929.96 | 0 |
| 2015 (2) | -2.16 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -14.02 | 0 | -13.86 | 0 | 0.00 | 0 | 0.00 | 0 | 0.54 | -80.36 | 104.03 | -1.95 | -4.03 | 0 | 0.00 | 0 | 0.00 | 0 |
| 2014 (1) | -1.32 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -22.65 | 0 | -21.71 | 0 | 0.00 | 0 | 0.00 | 0 | 2.75 | -68.28 | 106.09 | 4.03 | -5.73 | 0 | 0.00 | 0 | 0.00 | 0 |
