- 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) | -0.41 | -7.89 | 57.29 | 56.92 | 18.34 | -4.26 | -268.96 | -31.66 | 44.26 | -271.93 | -42.72 | 46.61 | -271.93 | -42.72 | 46.61 | -4.50 | -12.78 | 72.07 | -4.20 | -13.51 | 53.23 | 0.02 | 0.0 | 0.0 | -200.00 | -55.56 | 52.0 | 6.36 | -5.64 | -90.47 | 100.00 | -7.14 | 3.57 | -0.00 | 100.0 | -100.0 | 120.60 | 9.97 | -7.04 |
| 24Q2 (19) | -0.38 | 0.0 | 55.81 | 48.10 | -25.83 | -14.91 | -204.28 | 37.93 | 64.02 | -190.54 | 37.63 | 67.32 | -190.54 | 37.63 | 67.32 | -3.99 | -5.28 | 68.13 | -3.70 | -4.52 | 44.78 | 0.02 | 100.0 | 100.0 | -128.57 | 42.86 | 69.39 | 6.74 | -12.47 | -92.49 | 107.69 | 0.0 | 7.69 | -7.69 | 0.0 | -300.0 | 109.67 | -35.63 | -46.82 |
| 24Q1 (18) | -0.38 | -129.23 | -80.95 | 64.85 | 153.56 | 19.91 | -329.12 | -161.71 | 50.91 | -305.48 | -145.35 | 52.71 | -305.48 | -145.35 | 52.71 | -3.79 | -123.9 | 62.59 | -3.54 | -127.98 | 37.23 | 0.01 | -50.0 | 0.0 | -225.00 | -129.35 | 50.0 | 7.70 | 29.63 | -90.39 | 107.69 | 37.06 | 3.38 | -7.69 | -135.9 | -84.62 | 170.37 | 52.17 | -32.58 |
| 23Q4 (17) | 1.30 | 235.42 | 283.1 | -121.07 | -303.65 | -297.79 | 533.32 | 210.52 | 132.94 | 673.56 | 232.25 | 141.98 | 673.56 | 232.25 | 141.98 | 15.86 | 198.45 | 156.18 | 12.65 | 240.87 | 180.01 | 0.02 | 0.0 | 100.0 | 766.67 | 284.0 | 151.11 | 5.94 | -91.1 | -92.12 | 78.57 | -18.62 | -21.43 | 21.43 | 210.71 | 1857.14 | 111.96 | -13.7 | -36.75 |
| 23Q3 (16) | -0.96 | -11.63 | -255.56 | 59.45 | 5.17 | 3.68 | -482.56 | 15.01 | 14.11 | -509.30 | 12.65 | 25.35 | -509.30 | 12.65 | 25.35 | -16.11 | -28.67 | -82.24 | -8.98 | -34.03 | -86.69 | 0.02 | 100.0 | 100.0 | -416.67 | 0.79 | 20.63 | 66.76 | -25.63 | -15.88 | 96.55 | -3.45 | 19.72 | 6.90 | 79.31 | -57.24 | 129.73 | -37.09 | -38.88 |
| 23Q2 (15) | -0.86 | -309.52 | -186.67 | 56.53 | 4.53 | 7.21 | -567.77 | 15.31 | 59.01 | -583.06 | 9.74 | 49.94 | -583.06 | 9.74 | 49.94 | -12.52 | -23.59 | -41.15 | -6.70 | -18.79 | -45.02 | 0.01 | 0.0 | 0 | -420.00 | 6.67 | 40.0 | 89.77 | 11.99 | 8.67 | 100.00 | -4.0 | -15.0 | 3.85 | 192.31 | 121.79 | 206.23 | -18.39 | -45.24 |
| 23Q1 (14) | -0.21 | 70.42 | 43.24 | 54.08 | -11.65 | -2.19 | -670.41 | 58.59 | 48.07 | -646.00 | 59.74 | 48.74 | -646.00 | 59.74 | 48.74 | -10.13 | 64.12 | -1.2 | -5.64 | 64.33 | -8.25 | 0.01 | 0.0 | 0 | -450.00 | 70.0 | 53.45 | 80.16 | 6.38 | -15.83 | 104.17 | 4.17 | 1.74 | -4.17 | -241.67 | -75.0 | 252.70 | 42.76 | -46.44 |
| 22Q4 (13) | -0.71 | -162.96 | 0.0 | 61.21 | 6.75 | 12.83 | -1619.04 | -188.16 | 42.99 | -1604.57 | -135.19 | 42.53 | -1604.57 | -135.19 | 42.53 | -28.23 | -219.34 | -71.4 | -15.81 | -228.69 | -73.74 | 0.01 | 0.0 | 0 | -1500.00 | -185.71 | 32.84 | 75.35 | -5.05 | -12.53 | 100.00 | 24.0 | -2.44 | -1.22 | -107.56 | 2.44 | 177.01 | -16.61 | -64.76 |
| 22Q3 (12) | -0.27 | 10.0 | 85.79 | 57.34 | 8.74 | 333.08 | -561.86 | 59.44 | 96.22 | -682.23 | 41.42 | 95.38 | -682.23 | 41.42 | 95.38 | -8.84 | 0.34 | 74.11 | -4.81 | -4.11 | 78.74 | 0.01 | 0 | 0 | -525.00 | 25.0 | 97.44 | 79.36 | -3.93 | 5.7 | 80.65 | -31.45 | -19.72 | 16.13 | 191.4 | 1866.13 | 212.27 | -43.64 | -79.36 |
| 22Q2 (11) | -0.30 | 18.92 | 61.04 | 52.73 | -4.63 | 6.63 | -1385.09 | -7.29 | 78.75 | -1164.62 | 7.58 | 83.16 | -1164.62 | 7.58 | 83.16 | -8.87 | 11.39 | 20.16 | -4.62 | 11.32 | 41.52 | 0.00 | 0 | 0 | -700.00 | 27.59 | 90.67 | 82.61 | -13.26 | 147.34 | 117.65 | 14.91 | 24.73 | -17.65 | -641.18 | -410.59 | 376.62 | -20.18 | -71.37 |
| 22Q1 (10) | -0.37 | 47.89 | 43.08 | 55.29 | 1.92 | 24.11 | -1290.96 | 54.54 | 77.01 | -1260.14 | 54.87 | 76.88 | -1260.14 | 54.87 | 76.88 | -10.01 | 39.22 | 2.15 | -5.21 | 42.75 | 21.54 | 0.00 | 0 | 0 | -966.67 | 56.72 | 83.04 | 95.24 | 10.56 | 107.0 | 102.38 | -0.12 | -0.39 | -2.38 | -90.48 | 14.29 | 471.83 | -6.07 | -61.53 |
| 21Q4 (9) | -0.71 | 62.63 | 28.28 | 54.25 | 309.74 | 0.91 | -2839.76 | 80.91 | -59.33 | -2792.16 | 81.1 | -54.05 | -2792.16 | 81.1 | -54.05 | -16.47 | 51.76 | 1.55 | -9.10 | 59.77 | 14.39 | 0.00 | 0 | -100.0 | -2233.33 | 89.11 | -52.27 | 86.14 | 14.73 | 36.64 | 102.50 | 2.03 | 4.53 | -1.25 | -36.88 | -164.38 | 502.33 | -51.15 | 72.85 |
| 21Q3 (8) | -1.90 | -146.75 | -97.92 | 13.24 | -73.23 | -66.84 | -14879.50 | -128.28 | -484.18 | -14773.80 | -113.63 | -469.57 | -14773.80 | -113.63 | -469.57 | -34.14 | -207.29 | -141.1 | -22.62 | -186.33 | -138.36 | 0.00 | 0 | 0 | -20500.00 | -173.33 | -842.53 | 75.08 | 124.79 | 46.99 | 100.46 | 6.51 | 2.47 | -0.91 | -116.07 | -146.58 | 1028.31 | -21.83 | 132.16 |
| 21Q2 (7) | -0.77 | -18.46 | 28.7 | 49.45 | 11.0 | 16.3 | -6518.03 | -16.07 | 1.19 | -6915.67 | -26.88 | -4.49 | -6915.67 | -26.88 | -4.49 | -11.11 | -8.6 | 34.03 | -7.90 | -18.98 | 25.47 | 0.00 | 0 | 0 | -7500.00 | -31.58 | -59.57 | 33.40 | -27.41 | -27.45 | 94.32 | -8.23 | -4.82 | 5.68 | 304.55 | 0 | 1315.44 | 7.26 | 0 |
| 21Q1 (6) | -0.65 | 34.34 | 25.29 | 44.55 | -17.13 | 6.6 | -5615.54 | -215.08 | -37.26 | -5450.50 | -200.72 | -34.24 | -5450.50 | -200.72 | -34.24 | -10.23 | 38.85 | 30.97 | -6.64 | 37.54 | 33.33 | 0.00 | -100.0 | 0 | -5700.00 | -288.64 | -62.86 | 46.01 | -27.01 | -38.09 | 102.78 | 4.81 | 2.78 | -2.78 | -243.06 | -136.11 | 1226.43 | 322.02 | 56.45 |
| 20Q4 (5) | -0.99 | -3.13 | 20.8 | 53.76 | 34.64 | 34.47 | -1782.26 | 30.03 | 67.28 | -1812.46 | 30.12 | 65.68 | -1812.46 | 30.12 | 65.68 | -16.73 | -18.15 | -0.84 | -10.63 | -12.01 | 20.08 | 0.01 | 0 | 0 | -1466.67 | 32.57 | 70.37 | 63.04 | 23.41 | 154.09 | 98.06 | 0.02 | -5.32 | 1.94 | -0.97 | 154.37 | 290.61 | -34.39 | 0 |
| 20Q3 (4) | -0.96 | 11.11 | 0.0 | 39.93 | -6.09 | 0.0 | -2547.08 | 61.39 | 0.0 | -2593.85 | 60.81 | 0.0 | -2593.85 | 60.81 | 0.0 | -14.16 | 15.91 | 0.0 | -9.49 | 10.47 | 0.0 | 0.00 | 0 | 0.0 | -2175.00 | 53.72 | 0.0 | 51.08 | 10.95 | 0.0 | 98.04 | -1.06 | 0.0 | 1.96 | 0 | 0.0 | 442.93 | 0 | 0.0 |
| 20Q2 (3) | -1.08 | -24.14 | 0.0 | 42.52 | 1.75 | 0.0 | -6596.44 | -61.24 | 0.0 | -6618.70 | -63.02 | 0.0 | -6618.70 | -63.02 | 0.0 | -16.84 | -13.63 | 0.0 | -10.60 | -6.43 | 0.0 | 0.00 | 0 | 0.0 | -4700.00 | -34.29 | 0.0 | 46.04 | -38.05 | 0.0 | 99.09 | -0.91 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.87 | 30.4 | 0.0 | 41.79 | 4.53 | 0.0 | -4091.16 | 24.9 | 0.0 | -4060.13 | 23.12 | 0.0 | -4060.13 | 23.12 | 0.0 | -14.82 | 10.67 | 0.0 | -9.96 | 25.11 | 0.0 | 0.00 | 0 | 0.0 | -3500.00 | 29.29 | 0.0 | 74.32 | 199.56 | 0.0 | 100.00 | -3.45 | 0.0 | -1.18 | 67.06 | 0.0 | 783.91 | 0 | 0.0 |
| 19Q4 (1) | -1.25 | 0.0 | 0.0 | 39.98 | 0.0 | 0.0 | -5447.51 | 0.0 | 0.0 | -5280.81 | 0.0 | 0.0 | -5280.81 | 0.0 | 0.0 | -16.59 | 0.0 | 0.0 | -13.30 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -4950.00 | 0.0 | 0.0 | 24.81 | 0.0 | 0.0 | 103.57 | 0.0 | 0.0 | -3.57 | 0.0 | 0.0 | 0.00 | 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) | -1.19 | 0 | 2.58 | -95.5 | -225.30 | 0 | 60.00 | -36.0 | -189.01 | 0 | -189.01 | 0 | -12.59 | 0 | -9.21 | 0 | 0.05 | 66.67 | -90.00 | 0 | 5.94 | -92.12 | 121.05 | 19.79 | -18.42 | 0 | 13.49 | 1.66 | 163.99 | -42.7 |
| 2022 (9) | -1.64 | 0 | 57.30 | 33.91 | -1207.50 | 0 | 93.75 | -61.4 | -1189.80 | 0 | -1189.80 | 0 | -54.53 | 0 | -29.63 | 0 | 0.03 | 200.0 | -912.50 | 0 | 75.35 | -12.53 | 101.06 | 1.06 | -1.59 | 0 | 13.27 | 33.37 | 286.21 | -68.24 |
| 2021 (8) | -4.04 | 0 | 42.79 | -7.82 | -6609.30 | 0 | 242.86 | 57.86 | -6608.98 | 0 | -6608.98 | 0 | -91.40 | 0 | -52.57 | 0 | 0.01 | -50.0 | -5771.43 | 0 | 86.14 | 36.64 | 100.00 | 0.76 | -0.00 | 0 | 9.95 | -21.59 | 901.05 | 77.07 |
| 2020 (7) | -3.83 | 0 | 46.42 | -27.17 | -2966.74 | 0 | 153.85 | 17.65 | -2991.29 | 0 | -2991.29 | 0 | -68.04 | 0 | -47.23 | 0 | 0.02 | 0.0 | -2607.69 | 0 | 63.04 | 154.09 | 99.25 | -2.66 | 0.75 | 0 | 12.69 | -35.79 | 508.88 | -1.89 |
| 2019 (6) | -4.54 | 0 | 63.74 | 20.74 | -3212.67 | 0 | 130.77 | 30.77 | -3151.36 | 0 | -3151.36 | 0 | -61.97 | 0 | -51.89 | 0 | 0.02 | 100.0 | -2715.38 | 0 | 24.81 | 78.75 | 101.96 | -0.42 | -1.96 | 0 | 19.76 | -14.92 | 518.69 | -39.13 |
| 2018 (5) | -3.88 | 0 | 52.79 | 5.58 | -3906.36 | 0 | 100.00 | -11.11 | -3816.86 | 0 | -3816.86 | 0 | -41.21 | 0 | -35.54 | 0 | 0.01 | 0.0 | -3075.00 | 0 | 13.88 | -20.14 | 102.38 | 1.59 | -2.38 | 0 | 23.23 | 0 | 852.12 | 13.01 |
| 2017 (4) | -3.69 | 0 | 50.00 | 6.09 | -3192.58 | 0 | 112.50 | 12.5 | -3167.89 | 0 | -3167.89 | 0 | -30.59 | 0 | -26.20 | 0 | 0.01 | 0.0 | -2587.50 | 0 | 17.38 | 13.15 | 100.78 | -33.09 | -0.78 | 0 | 0.00 | 0 | 754.02 | -3.01 |
| 2016 (3) | -2.62 | 0 | 47.13 | -40.53 | -3532.44 | 0 | 100.00 | 114.29 | -2351.97 | 0 | -2351.97 | 0 | -17.94 | 0 | -15.01 | 0 | 0.01 | 0.0 | -1628.57 | 0 | 15.36 | -29.83 | 150.62 | 33.07 | -50.00 | 0 | 0.00 | 0 | 777.43 | 138.1 |
| 2015 (2) | -3.12 | 0 | 79.25 | 32.72 | -1330.82 | 0 | 46.67 | -61.11 | -1178.09 | 0 | -1178.09 | 0 | -20.94 | 0 | -17.67 | 0 | 0.01 | 0.0 | -1026.67 | 0 | 21.89 | 42.42 | 113.19 | 1.74 | -13.19 | 0 | 0.00 | 0 | 326.52 | -63.64 |
| 2014 (1) | -4.39 | 0 | 59.71 | 0 | -5066.71 | 0 | 120.00 | -60.0 | -4561.94 | 0 | -4561.94 | 0 | -31.98 | 0 | -28.68 | 0 | 0.01 | 0 | -4400.00 | 0 | 15.37 | 200.2 | 111.26 | 8.19 | -11.26 | 0 | 0.00 | 0 | 897.95 | -78.6 |
