- 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) | -0.30 | -57.89 | -50.0 | 53.62 | -21.29 | -17.92 | -210.07 | -173.07 | -135.16 | -185.57 | -172.02 | -149.02 | -185.57 | -172.02 | -149.02 | -3.49 | -42.45 | -46.64 | -3.30 | -44.1 | -47.98 | 0.02 | -33.33 | -33.33 | -136.36 | -263.63 | -211.68 | 4.70 | -28.68 | -33.43 | 110.00 | -6.92 | -5.71 | -15.00 | -65.0 | 10.0 | 191.40 | 76.83 | 74.73 |
| 24Q2 (19) | -0.19 | 34.48 | 20.83 | 68.12 | 65.98 | 14.28 | -76.93 | 68.73 | 12.93 | -68.22 | 70.01 | 11.64 | -68.22 | 70.01 | 11.64 | -2.45 | 37.5 | -2.51 | -2.29 | 37.43 | -1.33 | 0.03 | 50.0 | 0.0 | -37.50 | 78.57 | 25.0 | 6.59 | 4.11 | 14.61 | 118.18 | 6.36 | 1.3 | -9.09 | -63.64 | 45.45 | 108.24 | -49.63 | -1.02 |
| 24Q1 (18) | -0.29 | -45.0 | -45.0 | 41.04 | -39.32 | -23.16 | -245.99 | -446.77 | -65.65 | -227.44 | -644.0 | -95.66 | -227.44 | -644.0 | -95.66 | -3.92 | -163.09 | -64.71 | -3.66 | -165.22 | -63.39 | 0.02 | -60.0 | 0.0 | -175.00 | -1242.02 | -140.62 | 6.33 | -12.81 | 16.15 | 111.11 | -29.29 | -16.67 | -5.56 | 87.04 | 77.78 | 214.90 | 182.54 | 42.4 |
| 23Q4 (17) | -0.20 | 0.0 | 47.37 | 67.63 | 3.52 | 4.29 | -44.99 | 49.64 | 72.31 | -30.57 | 58.98 | 79.28 | -30.57 | 58.98 | 79.28 | -1.49 | 37.39 | 60.99 | -1.38 | 38.12 | 61.88 | 0.05 | 66.67 | 150.0 | -13.04 | 70.19 | 88.59 | 7.26 | 2.83 | 10.67 | 157.14 | 34.69 | 42.86 | -42.86 | -157.14 | -328.57 | 76.06 | -30.56 | -39.73 |
| 23Q3 (16) | -0.20 | 16.67 | 25.93 | 65.33 | 9.6 | 17.27 | -89.33 | -1.11 | 33.67 | -74.52 | 3.48 | 30.0 | -74.52 | 3.48 | 30.0 | -2.38 | 0.42 | 6.67 | -2.23 | 1.33 | 8.23 | 0.03 | 0.0 | 50.0 | -43.75 | 12.5 | 43.12 | 7.06 | 22.78 | 56.89 | 116.67 | 0.0 | -9.26 | -16.67 | 0.0 | 41.67 | 109.54 | 0.17 | -14.12 |
| 23Q2 (15) | -0.24 | -20.0 | -9.09 | 59.61 | 11.61 | 2.65 | -88.35 | 40.51 | -16.04 | -77.21 | 33.58 | -15.41 | -77.21 | 33.58 | -15.41 | -2.39 | -0.42 | -17.16 | -2.26 | -0.89 | -15.9 | 0.03 | 50.0 | 0.0 | -50.00 | 31.25 | -21.42 | 5.75 | 5.5 | 29.5 | 116.67 | -12.5 | 7.69 | -16.67 | 33.33 | 0.0 | 109.35 | -27.54 | 13.56 |
| 23Q1 (14) | -0.20 | 47.37 | -33.33 | 53.41 | -17.64 | -20.93 | -148.50 | 8.62 | -136.5 | -116.24 | 21.2 | -142.12 | -116.24 | 21.2 | -142.12 | -2.38 | 37.7 | -65.28 | -2.24 | 38.12 | -64.71 | 0.02 | 0.0 | -33.33 | -72.73 | 36.36 | -209.09 | 5.45 | -16.92 | 24.15 | 133.33 | 21.21 | -3.03 | -25.00 | -150.0 | 33.33 | 150.91 | 19.58 | 58.15 |
| 22Q4 (13) | -0.38 | -40.74 | -216.67 | 64.85 | 16.41 | -13.12 | -162.50 | -20.67 | -384.35 | -147.52 | -38.57 | -551.02 | -147.52 | -38.57 | -551.02 | -3.82 | -49.8 | -263.81 | -3.62 | -48.97 | -273.2 | 0.02 | 0.0 | -50.0 | -114.29 | -48.58 | -1442.38 | 6.56 | 45.78 | 3.47 | 110.00 | -14.44 | -26.67 | -10.00 | 65.0 | 80.0 | 126.20 | -1.06 | 95.87 |
| 22Q3 (12) | -0.27 | -22.73 | 0 | 55.71 | -4.06 | -23.07 | -134.67 | -76.87 | -969.66 | -106.46 | -59.13 | -3024.73 | -106.46 | -59.13 | -3024.73 | -2.55 | -25.0 | -1600.0 | -2.43 | -24.62 | -1618.75 | 0.02 | -33.33 | -50.0 | -76.92 | -86.79 | -446.17 | 4.50 | 1.35 | -42.23 | 128.57 | 18.68 | 142.86 | -28.57 | -71.43 | -107.14 | 127.55 | 32.46 | 86.37 |
| 22Q2 (11) | -0.22 | -46.67 | -37.5 | 58.07 | -14.03 | -14.92 | -76.14 | -21.26 | -53.08 | -66.90 | -39.35 | -57.78 | -66.90 | -39.35 | -57.78 | -2.04 | -41.67 | -40.69 | -1.95 | -43.38 | -51.16 | 0.03 | 0.0 | 0.0 | -41.18 | -75.01 | -105.9 | 4.44 | 1.14 | -59.49 | 108.33 | -21.21 | -13.33 | -16.67 | 55.56 | -33.33 | 96.29 | 0.91 | 32.21 |
| 22Q1 (10) | -0.15 | -25.0 | 28.57 | 67.55 | -9.5 | 9.04 | -62.79 | -87.15 | 48.87 | -48.01 | -111.87 | 57.77 | -48.01 | -111.87 | 57.77 | -1.44 | -37.14 | 36.28 | -1.36 | -40.21 | 33.0 | 0.03 | -25.0 | 50.0 | -23.53 | -217.54 | 68.63 | 4.39 | -30.76 | -62.06 | 137.50 | -8.33 | 27.68 | -37.50 | 25.0 | -387.5 | 95.42 | 48.1 | -25.02 |
| 21Q4 (9) | -0.12 | 0 | -50.0 | 74.64 | 3.07 | 7.03 | -33.55 | -166.48 | 28.17 | -22.66 | -722.53 | 23.39 | -22.66 | -722.53 | 23.39 | -1.05 | -717.65 | -6.06 | -0.97 | -706.25 | -8.99 | 0.04 | 0.0 | 33.33 | -7.41 | -133.35 | -48.2 | 6.34 | -18.61 | -38.57 | 150.00 | 150.0 | 0.0 | -50.00 | -112.5 | 0.0 | 64.43 | -5.86 | -20.6 |
| 21Q3 (8) | 0.00 | 100.0 | 100.0 | 72.42 | 6.11 | 17.74 | -12.59 | 74.69 | 88.84 | 3.64 | 108.58 | 104.84 | 3.64 | 108.58 | 104.84 | 0.17 | 111.72 | 109.44 | 0.16 | 112.4 | 110.0 | 0.04 | 33.33 | 100.0 | 22.22 | 211.1 | 151.84 | 7.79 | -28.92 | -35.08 | -300.00 | -340.0 | -306.25 | 400.00 | 3300.0 | 980.0 | 68.44 | -6.03 | -48.96 |
| 21Q2 (7) | -0.16 | 23.81 | -60.0 | 68.25 | 10.17 | -1.03 | -49.74 | 59.5 | 22.92 | -42.40 | 62.7 | -1.92 | -42.40 | 62.7 | -1.92 | -1.45 | 35.84 | -17.89 | -1.29 | 36.45 | -19.44 | 0.03 | 50.0 | 0.0 | -20.00 | 73.33 | -19.98 | 10.96 | -5.27 | -12.6 | 125.00 | 16.07 | -27.08 | -12.50 | -62.5 | 78.12 | 72.83 | -42.77 | 0 |
| 21Q1 (6) | -0.21 | -162.5 | 30.0 | 61.95 | -11.17 | 0.52 | -122.81 | -162.92 | 25.88 | -113.68 | -284.31 | 30.48 | -113.68 | -284.31 | 30.48 | -2.26 | -128.28 | 24.67 | -2.03 | -128.09 | 22.22 | 0.02 | -33.33 | 0.0 | -75.00 | -1400.0 | 41.07 | 11.57 | 12.11 | -19.49 | 107.69 | -28.21 | 7.69 | -7.69 | 84.62 | 0 | 127.26 | 56.82 | -17.16 |
| 20Q4 (5) | -0.08 | 57.89 | 76.47 | 69.74 | 13.38 | 19.23 | -46.71 | 58.59 | 72.93 | -29.58 | 60.69 | 80.83 | -29.58 | 60.69 | 80.83 | -0.99 | 45.0 | 70.62 | -0.89 | 44.38 | 69.73 | 0.03 | 50.0 | 50.0 | -5.00 | 88.33 | 95.88 | 10.32 | -14.0 | -31.56 | 150.00 | 3.12 | 37.5 | -50.00 | -10.0 | -266.67 | 81.15 | -39.48 | -41.29 |
| 20Q3 (4) | -0.19 | -90.0 | 0.0 | 61.51 | -10.8 | 0.0 | -112.79 | -74.79 | 0.0 | -75.24 | -80.87 | 0.0 | -75.24 | -80.87 | 0.0 | -1.80 | -46.34 | 0.0 | -1.60 | -48.15 | 0.0 | 0.02 | -33.33 | 0.0 | -42.86 | -157.11 | 0.0 | 12.00 | -4.31 | 0.0 | 145.45 | -15.15 | 0.0 | -45.45 | 20.45 | 0.0 | 134.09 | 0 | 0.0 |
| 20Q2 (3) | -0.10 | 66.67 | 0.0 | 68.96 | 11.89 | 0.0 | -64.53 | 61.05 | 0.0 | -41.60 | 74.56 | 0.0 | -41.60 | 74.56 | 0.0 | -1.23 | 59.0 | 0.0 | -1.08 | 58.62 | 0.0 | 0.03 | 50.0 | 0.0 | -16.67 | 86.9 | 0.0 | 12.54 | -12.73 | 0.0 | 171.43 | 71.43 | 0.0 | -57.14 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.30 | 11.76 | 0.0 | 61.63 | 5.37 | 0.0 | -165.68 | 3.98 | 0.0 | -163.51 | -5.97 | 0.0 | -163.51 | -5.97 | 0.0 | -3.00 | 10.98 | 0.0 | -2.61 | 11.22 | 0.0 | 0.02 | 0.0 | 0.0 | -127.27 | -4.81 | 0.0 | 14.37 | -4.71 | 0.0 | 100.00 | -8.33 | 0.0 | -0.00 | 100.0 | 0.0 | 153.62 | 11.13 | 0.0 |
| 19Q4 (1) | -0.34 | 0.0 | 0.0 | 58.49 | 0.0 | 0.0 | -172.54 | 0.0 | 0.0 | -154.30 | 0.0 | 0.0 | -154.30 | 0.0 | 0.0 | -3.37 | 0.0 | 0.0 | -2.94 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -121.43 | 0.0 | 0.0 | 15.08 | 0.0 | 0.0 | 109.09 | 0.0 | 0.0 | -13.64 | 0.0 | 0.0 | 138.23 | 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) | -0.85 | 0 | 62.87 | 1.85 | -82.73 | 0 | 13.85 | -14.15 | -66.12 | 0 | -66.12 | 0 | -8.65 | 0 | -8.07 | 0 | 0.12 | 9.09 | -40.00 | 0 | 7.26 | 10.67 | 125.58 | 5.96 | -25.58 | 0 | 14.42 | -2.54 | 104.15 | -4.86 |
| 2022 (9) | -1.01 | 0 | 61.73 | -12.7 | -104.33 | 0 | 16.13 | 38.71 | -88.18 | 0 | -88.18 | 0 | -9.89 | 0 | -9.28 | 0 | 0.11 | -15.38 | -59.68 | 0 | 6.56 | 3.47 | 118.52 | -13.51 | -18.52 | 0 | 14.80 | 1.31 | 109.47 | 43.57 |
| 2021 (8) | -0.48 | 0 | 70.71 | 6.8 | -42.86 | 0 | 11.63 | -37.98 | -31.34 | 0 | -31.34 | 0 | -4.58 | 0 | -4.21 | 0 | 0.13 | 44.44 | -9.30 | 0 | 6.34 | -38.57 | 137.04 | 5.22 | -37.04 | 0 | 14.61 | -2.05 | 76.25 | -30.76 |
| 2020 (7) | -0.67 | 0 | 66.21 | -10.45 | -87.99 | 0 | 18.75 | 75.0 | -67.29 | 0 | -67.29 | 0 | -6.98 | 0 | -6.18 | 0 | 0.09 | -18.18 | -35.94 | 0 | 10.32 | -31.56 | 130.23 | 11.63 | -30.23 | 0 | 14.92 | 3.29 | 110.12 | 28.93 |
| 2019 (6) | -0.71 | 0 | 73.94 | 8.07 | -66.94 | 0 | 10.71 | 92.86 | -56.49 | 0 | -56.49 | 0 | -7.16 | 0 | -6.27 | 0 | 0.11 | 10.0 | -35.71 | 0 | 15.08 | 15.2 | 116.67 | -38.75 | -18.75 | 0 | 14.44 | -0.57 | 85.41 | -15.96 |
| 2018 (5) | -0.85 | 0 | 68.42 | -27.66 | -110.74 | 0 | 5.56 | 16.67 | -58.47 | 0 | -58.47 | 0 | -6.47 | 0 | -5.70 | 0 | 0.10 | 233.33 | -41.67 | 0 | 13.09 | 1.08 | 190.48 | 75.6 | -90.48 | 0 | 14.52 | 0 | 101.63 | -43.82 |
| 2017 (4) | -1.11 | 0 | 94.58 | -5.37 | -302.19 | 0 | 4.76 | -52.38 | -276.78 | 0 | -276.78 | 0 | -9.05 | 0 | -8.06 | 0 | 0.03 | 50.0 | -247.62 | 0 | 12.95 | 11.16 | 108.47 | -0.56 | -8.47 | 0 | 0.00 | 0 | 180.89 | -44.28 |
| 2016 (3) | -1.16 | 0 | 99.95 | 1.39 | -588.11 | 0 | 10.00 | 0 | -539.37 | 0 | -539.37 | 0 | -10.38 | 0 | -9.59 | 0 | 0.02 | 0 | -480.00 | 0 | 11.65 | 460.1 | 109.09 | 5.68 | -9.09 | 0 | 0.00 | 0 | 324.66 | -98.6 |
| 2015 (2) | -1.55 | 0 | 98.58 | 0 | -45412.80 | 0 | 0.00 | 0 | -43730.50 | 0 | -43730.50 | 0 | -19.75 | 0 | -19.25 | 0 | 0.00 | 0 | 0.00 | 0 | 2.08 | -39.71 | 103.23 | -1.36 | -3.23 | 0 | 0.00 | 0 | 23173.10 | 0 |
| 2014 (1) | -1.20 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | -15.92 | 0 | -15.49 | 0 | 0.00 | 0 | 0.00 | 0 | 3.45 | 53.33 | 104.65 | -9.62 | -4.65 | 0 | 0.00 | 0 | 0.00 | 0 |
