- 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) | -0.91 | 13.33 | 12.5 | -74.84 | 27.4 | -145.22 | -173.85 | 5.48 | -208.3 | -241.50 | -16.95 | -201.5 | -235.79 | -14.13 | -196.59 | -10.63 | 32.81 | 29.37 | -4.95 | 26.01 | 17.5 | 0.02 | -33.33 | -75.0 | -140.00 | -5.0 | -156.65 | 83.56 | -40.41 | -44.86 | 75.00 | -16.67 | 6.45 | 29.17 | 191.67 | -1.28 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.05 | -17.98 | -9.38 | -103.09 | 53.69 | -527.45 | -183.92 | 56.13 | -402.93 | -206.50 | 61.15 | -302.14 | -206.60 | 61.4 | -295.94 | -15.82 | 4.98 | -25.56 | -6.69 | 14.12 | -26.94 | 0.03 | 200.0 | -72.73 | -133.33 | 62.67 | -295.05 | 140.22 | 19.28 | 6.92 | 90.00 | 14.83 | 27.24 | 10.00 | -53.75 | -65.83 | 65.99 | -47.91 | 149.3 |
| 24Q1 (18) | -0.89 | -15.58 | -217.86 | -222.61 | -209.22 | -2445.73 | -419.27 | -270.25 | -6728.5 | -531.59 | -537.86 | -4943.55 | -535.30 | -471.6 | -5334.52 | -16.65 | -36.36 | -453.16 | -7.79 | -50.68 | -608.18 | 0.01 | -83.33 | -92.31 | -357.14 | -685.79 | -19941.11 | 117.56 | 17.48 | -6.42 | 78.38 | -42.25 | 34.36 | 21.62 | 160.54 | -48.11 | 126.69 | 159.4 | 471.71 |
| 23Q4 (17) | -0.77 | 25.96 | -71.11 | -71.99 | -135.88 | -3113.84 | -113.24 | -100.82 | -339.94 | -83.34 | -4.04 | -344.01 | -93.65 | -17.8 | -460.44 | -12.21 | 18.87 | -148.68 | -5.17 | 13.83 | -155.94 | 0.06 | -25.0 | -53.85 | -45.45 | 16.68 | -450.24 | 100.07 | -33.96 | -22.74 | 135.71 | 92.63 | 1.79 | -35.71 | -220.88 | 6.25 | 48.84 | 25.2 | 83.33 |
| 23Q3 (16) | -1.04 | -8.33 | -131.11 | -30.52 | -85.76 | -620.82 | -56.39 | -54.2 | -340.2 | -80.10 | -55.99 | -301.3 | -79.50 | -52.36 | -307.69 | -15.05 | -19.44 | -200.4 | -6.00 | -13.85 | -177.78 | 0.08 | -27.27 | -33.33 | -54.55 | -61.63 | -575.12 | 151.54 | 15.55 | 24.01 | 70.45 | -0.39 | 8.39 | 29.55 | 0.95 | -15.58 | 39.01 | 47.37 | 57.11 |
| 23Q2 (15) | -0.96 | -242.86 | -3300.0 | -16.43 | -273.13 | -187.35 | -36.57 | -495.6 | -771.01 | -51.35 | -387.19 | -6683.33 | -52.18 | -429.75 | -3908.76 | -12.60 | -318.6 | -2839.13 | -5.27 | -379.09 | -1650.0 | 0.11 | -15.38 | -31.25 | -33.75 | -1975.0 | -508.1 | 131.15 | 4.4 | 12.28 | 70.73 | 21.25 | -89.9 | 29.27 | -29.76 | 104.88 | 26.47 | 19.45 | 36.02 |
| 23Q1 (14) | -0.28 | 37.78 | -154.55 | 9.49 | 523.66 | -26.83 | -6.14 | 76.15 | -134.35 | -10.54 | 43.85 | -192.78 | -9.85 | 41.05 | -80.4 | -3.01 | 38.7 | -122.96 | -1.10 | 45.54 | -61.76 | 0.13 | 0.0 | -7.14 | 1.80 | 121.79 | -64.71 | 125.62 | -3.02 | 35.85 | 58.33 | -56.25 | -22.22 | 41.67 | 209.38 | 66.67 | 22.16 | -16.82 | 8.95 |
| 22Q4 (13) | -0.45 | 0.0 | -36.36 | -2.24 | -138.23 | 92.03 | -25.74 | -100.94 | 57.09 | -18.77 | 5.96 | 31.52 | -16.71 | 14.31 | 37.13 | -4.91 | 2.0 | -10.09 | -2.02 | 6.48 | 18.55 | 0.13 | 8.33 | 30.0 | -8.26 | -2.23 | 43.85 | 129.53 | 6.0 | 84.33 | 133.33 | 105.13 | -38.21 | -38.10 | -208.84 | 67.1 | 26.64 | 7.29 | -11.14 |
| 22Q3 (12) | -0.45 | -1600.0 | 26.23 | 5.86 | -68.85 | -48.42 | -12.81 | -335.05 | -8.01 | -19.96 | -2658.97 | -16.18 | -19.50 | -1523.36 | -12.07 | -5.01 | -1189.13 | 11.48 | -2.16 | -735.29 | 29.87 | 0.12 | -25.0 | -33.33 | -8.08 | -197.7 | 22.31 | 122.20 | 4.61 | 50.22 | 65.00 | -90.71 | -9.0 | 35.00 | 105.83 | 5.0 | 24.83 | 27.6 | 21.66 |
| 22Q2 (11) | 0.03 | 127.27 | 105.66 | 18.81 | 45.03 | 19.89 | 5.45 | 308.02 | 139.52 | 0.78 | 121.67 | 105.24 | 1.37 | 125.09 | 109.18 | 0.46 | 134.07 | 111.68 | 0.34 | 150.0 | 115.11 | 0.16 | 14.29 | 0.0 | 8.27 | 62.16 | 214.54 | 116.81 | 26.32 | 47.97 | 700.00 | 833.33 | 653.85 | -600.00 | -2500.0 | -8500.0 | 19.46 | -4.33 | -30.45 |
| 22Q1 (10) | -0.11 | 66.67 | 86.42 | 12.97 | 146.16 | 86.62 | -2.62 | 95.63 | 90.87 | -3.60 | 86.87 | 87.47 | -5.46 | 79.46 | 80.83 | -1.35 | 69.73 | 86.27 | -0.68 | 72.58 | 87.43 | 0.14 | 40.0 | -26.32 | 5.10 | 134.67 | 122.44 | 92.47 | 31.59 | 50.65 | 75.00 | -65.24 | -25.0 | 25.00 | 121.59 | 0 | 20.34 | -32.15 | -16.91 |
| 21Q4 (9) | -0.33 | 45.9 | 70.27 | -28.10 | -347.36 | -208.91 | -59.98 | -405.73 | -185.89 | -27.41 | -59.55 | -48.0 | -26.58 | -52.76 | -42.83 | -4.46 | 21.2 | 51.42 | -2.48 | 19.48 | 45.73 | 0.10 | -44.44 | -60.0 | -14.71 | -41.44 | -7.84 | 70.27 | -13.62 | -31.5 | 215.79 | 202.11 | 84.96 | -115.79 | -447.37 | -826.32 | 29.98 | 46.89 | 42.83 |
| 21Q3 (8) | -0.61 | -15.09 | 32.97 | 11.36 | -27.6 | -53.21 | -11.86 | 14.0 | 36.61 | -17.18 | -15.46 | 0.29 | -17.40 | -16.54 | 1.64 | -5.66 | -43.65 | 31.23 | -3.08 | -36.89 | 28.87 | 0.18 | 12.5 | -28.0 | -10.40 | -44.04 | 20.49 | 81.35 | 3.05 | -12.66 | 71.43 | -23.08 | -34.52 | 33.33 | 366.67 | 466.67 | 20.41 | -27.06 | 0 |
| 21Q2 (7) | -0.53 | 34.57 | -103.85 | 15.69 | 125.76 | -51.45 | -13.79 | 51.95 | -229.9 | -14.88 | 48.21 | -171.04 | -14.93 | 47.58 | -150.92 | -3.94 | 59.92 | -52.71 | -2.25 | 58.41 | -61.87 | 0.16 | -15.79 | -36.0 | -7.22 | 68.24 | -351.25 | 78.94 | 28.61 | 3.24 | 92.86 | -7.14 | 30.0 | 7.14 | 0 | -75.0 | 27.98 | 14.3 | 0 |
| 21Q1 (6) | -0.81 | 27.03 | -172.32 | 6.95 | -73.06 | -86.61 | -28.70 | -36.8 | -308.73 | -28.73 | -55.13 | -293.86 | -28.48 | -53.04 | -297.78 | -9.83 | -7.08 | -214.17 | -5.41 | -18.38 | -218.38 | 0.19 | -24.0 | -38.71 | -22.73 | -66.64 | -223.53 | 61.38 | -40.17 | -8.5 | 100.00 | -14.29 | 9.09 | -0.00 | 100.0 | -100.0 | 24.48 | 16.63 | 43.66 |
| 20Q4 (5) | -1.11 | -21.98 | -35.37 | 25.80 | 6.26 | -37.64 | -20.98 | -12.13 | -172.11 | -18.52 | -7.49 | -105.09 | -18.61 | -5.2 | -99.25 | -9.18 | -11.54 | -16.5 | -4.57 | -5.54 | -30.57 | 0.25 | 0.0 | -37.5 | -13.64 | -4.28 | -314.59 | 102.59 | 10.15 | -20.14 | 116.67 | 6.94 | 38.54 | -12.50 | -37.5 | -179.17 | 20.99 | 0 | 3.6 |
| 20Q3 (4) | -0.91 | -250.0 | 0.0 | 24.28 | -24.88 | 0.0 | -18.71 | -347.61 | 0.0 | -17.23 | -213.84 | 0.0 | -17.69 | -197.31 | 0.0 | -8.23 | -218.99 | 0.0 | -4.33 | -211.51 | 0.0 | 0.25 | 0.0 | 0.0 | -13.08 | -717.5 | 0.0 | 93.14 | 21.82 | 0.0 | 109.09 | 52.73 | 0.0 | -9.09 | -131.82 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q2 (3) | -0.26 | -123.21 | 0.0 | 32.32 | -37.74 | 0.0 | -4.18 | -130.4 | 0.0 | -5.49 | -137.04 | 0.0 | -5.95 | -141.32 | 0.0 | -2.58 | -129.97 | 0.0 | -1.39 | -130.42 | 0.0 | 0.25 | -19.35 | 0.0 | -1.60 | -108.7 | 0.0 | 76.46 | 13.98 | 0.0 | 71.43 | -22.08 | 0.0 | 28.57 | 242.86 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 1.12 | 236.59 | 0.0 | 51.91 | 25.48 | 0.0 | 13.75 | 278.34 | 0.0 | 14.82 | 264.12 | 0.0 | 14.40 | 254.18 | 0.0 | 8.61 | 209.26 | 0.0 | 4.57 | 230.57 | 0.0 | 0.31 | -22.5 | 0.0 | 18.40 | 659.27 | 0.0 | 67.08 | -47.78 | 0.0 | 91.67 | 8.85 | 0.0 | 8.33 | -47.22 | 0.0 | 17.04 | -15.89 | 0.0 |
| 19Q4 (1) | -0.82 | 0.0 | 0.0 | 41.37 | 0.0 | 0.0 | -7.71 | 0.0 | 0.0 | -9.03 | 0.0 | 0.0 | -9.34 | 0.0 | 0.0 | -7.88 | 0.0 | 0.0 | -3.50 | 0.0 | 0.0 | 0.40 | 0.0 | 0.0 | -3.29 | 0.0 | 0.0 | 128.46 | 0.0 | 0.0 | 84.21 | 0.0 | 0.0 | 15.79 | 0.0 | 0.0 | 20.26 | 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) | -3.05 | 0 | -15.55 | 0 | -37.54 | 0 | 15.77 | 98.26 | -44.60 | 0 | -45.69 | 0 | -41.76 | 0 | -18.17 | 0 | 0.42 | -27.59 | -25.45 | 0 | 100.07 | -22.74 | 84.00 | 0.33 | 16.00 | -1.71 | 0.41 | -12.96 | 29.89 | 31.96 |
| 2022 (9) | -0.98 | 0 | 9.37 | 108.22 | -8.21 | 0 | 7.95 | 18.14 | -9.71 | 0 | -9.33 | 0 | -10.71 | 0 | -4.90 | 0 | 0.58 | -13.43 | -0.23 | 0 | 129.53 | 84.33 | 83.72 | -28.71 | 16.28 | 0 | 0.47 | -19.98 | 22.65 | -9.4 |
| 2021 (8) | -2.18 | 0 | 4.50 | -87.01 | -25.14 | 0 | 6.73 | 94.91 | -21.54 | 0 | -21.41 | 0 | -26.17 | 0 | -13.98 | 0 | 0.67 | -33.66 | -13.97 | 0 | 70.27 | -31.5 | 117.44 | 0.66 | -16.28 | 0 | 0.59 | -22.75 | 25.00 | 44.68 |
| 2020 (7) | -1.16 | 0 | 34.65 | -28.14 | -6.34 | 0 | 3.45 | -25.36 | -5.38 | 0 | -5.74 | 0 | -12.43 | 0 | -5.34 | 0 | 1.01 | -27.86 | -1.27 | 0 | 102.59 | -20.14 | 116.67 | 37.41 | -16.67 | 0 | 0.76 | 337.48 | 17.28 | -28.27 |
| 2019 (6) | -2.23 | 0 | 48.22 | -11.34 | -6.38 | 0 | 4.63 | 155.07 | -7.46 | 0 | -7.75 | 0 | -20.67 | 0 | -10.03 | 0 | 1.40 | 6.06 | -1.54 | 0 | 128.46 | 122.56 | 84.91 | -30.08 | 15.09 | 0 | 0.17 | -95.1 | 24.09 | -19.35 |
| 2018 (5) | -2.06 | 0 | 54.39 | -11.75 | -10.35 | 0 | 1.81 | -9.07 | -8.56 | 0 | -8.82 | 0 | -18.67 | 0 | -11.25 | 0 | 1.32 | -0.75 | -4.64 | 0 | 57.72 | -9.29 | 121.43 | -0.16 | -21.43 | 0 | 3.57 | 0 | 29.87 | 2.4 |
| 2017 (4) | -1.96 | 0 | 61.63 | -6.22 | -9.99 | 0 | 2.00 | 35.95 | -8.31 | 0 | -8.50 | 0 | -18.87 | 0 | -10.75 | 0 | 1.33 | -14.74 | -4.88 | 0 | 63.63 | -9.78 | 121.62 | 0 | -21.62 | 0 | 0.00 | 0 | 29.17 | 20.79 |
| 2016 (3) | 0.68 | 0 | 65.72 | -5.57 | -5.03 | 0 | 1.47 | 1.28 | 2.86 | 0 | 2.44 | 0 | 5.98 | 0 | 4.22 | 0 | 1.56 | 13.04 | 4.77 | 0 | 70.53 | 57.57 | -168.75 | 0 | 268.75 | 605.47 | 0.00 | 0 | 24.15 | 1.47 |
| 2015 (2) | -1.13 | 0 | 69.60 | 0.84 | -2.59 | 0 | 1.45 | -6.83 | -4.26 | 0 | -4.56 | 0 | -8.54 | 0 | -6.05 | 0 | 1.38 | 18.97 | -2.48 | 0 | 44.76 | 58.27 | 61.90 | -23.36 | 38.10 | 147.62 | 0.00 | 0 | 23.80 | 3.48 |
| 2014 (1) | 1.09 | 91.23 | 69.02 | 0 | 4.73 | 0 | 1.56 | 11.07 | 5.70 | 0 | 5.07 | 0 | 7.29 | 0 | 6.27 | 0 | 1.16 | 38.1 | 7.78 | 26.3 | 28.28 | 42.76 | 80.77 | 13.08 | 15.38 | -46.15 | 0.00 | 0 | 23.00 | -16.09 |
