- 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) | -0.57 | -11.76 | -39.02 | 24.80 | 14.13 | 1.39 | -15.73 | 17.51 | -17.48 | -16.99 | 3.68 | -107.2 | -16.99 | 3.85 | -107.2 | -3.88 | -2.65 | -38.08 | -2.46 | -2.93 | -138.83 | 0.15 | 7.14 | 0.0 | -7.23 | 16.32 | -385.77 | 51.81 | -2.15 | -58.87 | 92.86 | -13.33 | -49.35 | 7.14 | 200.0 | 110.71 | 23.67 | -3.78 | 10.04 |
| 24Q2 (19) | -0.51 | 35.44 | 51.89 | 21.73 | -26.91 | 349.9 | -19.07 | 10.0 | 67.64 | -17.64 | 18.6 | 70.03 | -17.67 | 18.46 | 70.04 | -3.78 | 15.81 | 72.08 | -2.39 | 16.72 | 56.55 | 0.14 | 0.0 | 40.0 | -8.64 | 29.18 | 78.17 | 52.95 | 1.09 | -59.79 | 107.14 | 13.45 | 7.14 | -7.14 | 0 | 0 | 24.60 | -0.81 | -22.98 |
| 24Q1 (18) | -0.79 | -112.08 | -29.51 | 29.73 | 3167.03 | 31.72 | -21.19 | 47.02 | 31.93 | -21.67 | -112.89 | 5.04 | -21.67 | -112.89 | 5.04 | -4.49 | -109.66 | 29.84 | -2.87 | -111.0 | -16.19 | 0.14 | -6.67 | 27.27 | -12.20 | -107.04 | -79.94 | 52.38 | 1.16 | -63.79 | 94.44 | 496.14 | -31.79 | -0.00 | -100.0 | 100.0 | 24.80 | 0.94 | -19.35 |
| 23Q4 (17) | 6.54 | 1695.12 | 519.23 | 0.91 | -96.28 | 135.14 | -40.00 | -198.73 | 43.69 | 168.07 | 2149.63 | 354.5 | 168.17 | 2150.85 | 364.38 | 46.47 | 1753.74 | 405.12 | 26.09 | 2633.01 | 536.29 | 0.15 | 0.0 | 50.0 | 173.33 | 6750.99 | 512.69 | 51.78 | -58.89 | -64.66 | -23.84 | -113.0 | -122.48 | 123.84 | 285.76 | 2143.38 | 24.57 | 14.23 | -41.35 |
| 23Q3 (16) | -0.41 | 61.32 | -165.08 | 24.46 | 406.42 | 7.85 | -13.39 | 77.28 | 48.2 | -8.20 | 86.07 | -149.76 | -8.20 | 86.09 | -149.76 | -2.81 | 79.25 | -130.31 | -1.03 | 81.27 | -137.18 | 0.15 | 50.0 | -6.25 | 2.53 | 106.39 | -91.78 | 125.97 | -4.34 | -17.39 | 183.33 | 83.33 | 219.17 | -66.67 | 0 | -126.26 | 21.51 | -32.65 | -19.71 |
| 23Q2 (15) | -1.06 | -73.77 | 4.5 | 4.83 | -78.6 | -76.8 | -58.93 | -89.3 | -106.48 | -58.85 | -157.89 | -133.25 | -58.97 | -158.41 | -133.73 | -13.54 | -111.56 | 47.58 | -5.50 | -122.67 | -21.68 | 0.10 | -9.09 | -44.44 | -39.58 | -483.78 | -176.98 | 131.69 | -8.97 | -73.12 | 100.00 | -27.78 | -10.0 | -0.00 | 100.0 | 100.0 | 31.94 | 3.87 | 6.11 |
| 23Q1 (14) | -0.61 | 60.9 | -48.78 | 22.57 | 971.43 | 74.15 | -31.13 | 56.17 | 49.96 | -22.82 | 65.45 | 60.82 | -22.82 | 64.13 | 60.82 | -6.40 | 57.98 | 84.99 | -2.47 | 58.7 | 77.11 | 0.11 | 10.0 | -42.11 | -6.78 | 83.86 | 85.4 | 144.67 | -1.26 | -65.35 | 138.46 | 30.55 | 30.55 | -38.46 | -534.62 | -534.62 | 30.75 | -26.59 | 0.99 |
| 22Q4 (13) | -1.56 | -347.62 | -403.23 | -2.59 | -111.42 | 83.7 | -71.03 | -174.78 | 16.06 | -66.04 | -500.73 | 8.01 | -63.61 | -485.98 | 11.39 | -15.23 | -264.29 | 42.29 | -5.98 | -315.88 | 22.34 | 0.10 | -37.5 | -9.09 | -42.00 | -236.5 | 18.62 | 146.52 | -3.91 | -30.97 | 106.06 | 168.94 | -9.65 | -6.06 | -102.39 | 65.15 | 41.89 | 56.36 | -8.44 |
| 22Q3 (12) | 0.63 | 156.76 | 270.27 | 22.68 | 8.93 | 170.41 | -25.85 | 9.43 | 77.22 | 16.48 | 165.32 | 115.11 | 16.48 | 165.32 | 115.11 | 9.27 | 135.89 | 128.3 | 2.77 | 161.28 | 127.81 | 0.16 | -11.11 | 77.78 | 30.77 | 315.33 | 134.62 | 152.48 | -68.87 | -43.13 | -153.85 | -238.46 | -248.88 | 253.85 | 2384.62 | 7715.38 | 26.79 | -11.0 | -40.9 |
| 22Q2 (11) | -1.11 | -170.73 | -362.5 | 20.82 | 60.65 | -12.19 | -28.54 | 54.12 | 41.32 | -25.23 | 56.69 | 47.31 | -25.23 | 56.69 | 47.31 | -25.83 | 39.42 | -22.53 | -4.52 | 58.11 | 17.37 | 0.18 | -5.26 | 50.0 | -14.29 | 69.22 | 52.84 | 489.88 | 17.33 | 152.95 | 111.11 | 4.76 | 11.11 | -11.11 | -83.33 | 0 | 30.10 | -1.15 | -24.49 |
| 22Q1 (10) | -0.41 | -32.26 | 2.38 | 12.96 | 181.56 | 316.0 | -62.21 | 26.48 | 35.39 | -58.25 | 18.86 | 34.17 | -58.25 | 18.86 | 34.17 | -42.64 | -61.58 | 13.37 | -10.79 | -40.13 | -7.79 | 0.19 | 72.73 | 72.73 | -46.43 | 10.04 | 34.58 | 417.51 | 96.71 | -13.29 | 106.06 | -9.65 | -4.55 | -6.06 | 65.15 | 18.18 | 30.45 | -33.44 | -31.25 |
| 21Q4 (9) | -0.31 | 16.22 | 22.5 | -15.89 | 50.67 | 51.36 | -84.62 | 25.44 | 43.65 | -71.79 | 34.2 | 26.67 | -71.79 | 34.2 | 26.67 | -26.39 | 19.44 | 14.43 | -7.70 | 22.69 | 2.53 | 0.11 | 22.22 | 37.5 | -51.61 | 41.94 | 32.09 | 212.25 | -20.83 | -34.7 | 117.39 | 13.6 | -22.77 | -17.39 | -421.74 | 66.56 | 45.75 | 0.93 | -1.7 |
| 21Q3 (8) | -0.37 | -54.17 | -2.78 | -32.21 | -235.85 | -1253.36 | -113.50 | -133.35 | -20.86 | -109.10 | -127.86 | -31.81 | -109.10 | -127.86 | -31.83 | -32.76 | -55.41 | -44.38 | -9.96 | -82.08 | -39.5 | 0.09 | -25.0 | 0.0 | -88.89 | -193.37 | -30.99 | 268.10 | 38.43 | 6.28 | 103.33 | 3.33 | -11.98 | -3.33 | 0 | 74.44 | 45.33 | 13.72 | 6.63 |
| 21Q2 (7) | -0.24 | 42.86 | 56.36 | 23.71 | 495.17 | 153.27 | -48.64 | 49.49 | 65.29 | -47.88 | 45.89 | 64.38 | -47.88 | 45.89 | 64.43 | -21.08 | 57.17 | 23.01 | -5.47 | 45.35 | 48.1 | 0.12 | 9.09 | 50.0 | -30.30 | 57.31 | 73.61 | 193.67 | -59.78 | 7.13 | 100.00 | -10.0 | -5.26 | -0.00 | 100.0 | 100.0 | 39.86 | -10.0 | 0 |
| 21Q1 (6) | -0.42 | -5.0 | 32.26 | -6.00 | 81.63 | 50.41 | -96.29 | 35.88 | 37.52 | -88.48 | 9.62 | 39.28 | -88.48 | 9.62 | 39.28 | -49.22 | -59.6 | -100.73 | -10.01 | -26.71 | -8.57 | 0.11 | 37.5 | 83.33 | -70.97 | 6.62 | 40.39 | 481.49 | 48.14 | 245.72 | 111.11 | -26.9 | 7.64 | -7.41 | 85.75 | -14.81 | 44.29 | -4.83 | -35.71 |
| 20Q4 (5) | -0.40 | -11.11 | 72.22 | -32.67 | -1272.69 | -342.08 | -150.18 | -59.92 | -12.52 | -97.90 | -18.28 | 56.37 | -97.90 | -18.29 | 56.37 | -30.84 | -35.92 | 35.44 | -7.90 | -10.64 | 56.33 | 0.08 | -11.11 | 0.0 | -76.00 | -12.0 | 62.69 | 325.03 | 28.85 | 64.11 | 152.00 | 29.48 | 150.59 | -52.00 | -298.67 | -226.88 | 46.54 | 9.48 | -18.18 |
| 20Q3 (4) | -0.36 | 34.55 | 0.0 | -2.38 | 94.65 | 0.0 | -93.91 | 32.98 | 0.0 | -82.77 | 38.42 | 0.0 | -82.76 | 38.51 | 0.0 | -22.69 | 17.13 | 0.0 | -7.14 | 32.26 | 0.0 | 0.09 | 12.5 | 0.0 | -67.86 | 40.89 | 0.0 | 252.26 | 39.54 | 0.0 | 117.39 | 11.21 | 0.0 | -13.04 | -134.78 | 0.0 | 42.51 | 0 | 0.0 |
| 20Q2 (3) | -0.55 | 11.29 | 0.0 | -44.51 | -267.85 | 0.0 | -140.13 | 9.08 | 0.0 | -134.40 | 7.76 | 0.0 | -134.59 | 7.63 | 0.0 | -27.38 | -11.66 | 0.0 | -10.54 | -14.32 | 0.0 | 0.08 | 33.33 | 0.0 | -114.81 | 3.56 | 0.0 | 180.78 | 29.81 | 0.0 | 105.56 | 2.26 | 0.0 | -5.56 | 13.89 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.62 | 56.94 | 0.0 | -12.10 | -63.73 | 0.0 | -154.12 | -15.47 | 0.0 | -145.71 | 35.06 | 0.0 | -145.71 | 35.06 | 0.0 | -24.52 | 48.67 | 0.0 | -9.22 | 49.03 | 0.0 | 0.06 | -25.0 | 0.0 | -119.05 | 41.56 | 0.0 | 139.27 | -29.68 | 0.0 | 103.23 | 70.18 | 0.0 | -6.45 | -115.74 | 0.0 | 68.89 | 21.11 | 0.0 |
| 19Q4 (1) | -1.44 | 0.0 | 0.0 | -7.39 | 0.0 | 0.0 | -133.47 | 0.0 | 0.0 | -224.37 | 0.0 | 0.0 | -224.37 | 0.0 | 0.0 | -47.77 | 0.0 | 0.0 | -18.09 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -203.70 | 0.0 | 0.0 | 198.06 | 0.0 | 0.0 | 60.66 | 0.0 | 0.0 | 40.98 | 0.0 | 0.0 | 56.88 | 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) | 4.49 | 0 | 12.96 | -14.12 | -33.78 | 0 | 6.55 | -38.42 | 37.39 | 0 | 37.40 | 0 | 33.22 | 0 | 18.71 | 0 | 0.48 | -22.58 | 48.73 | 0 | 51.78 | -64.66 | -90.29 | 0 | 190.29 | 0 | 7.34 | -22.04 | 26.29 | -16.43 |
| 2022 (9) | -3.77 | 0 | 15.09 | 0 | -43.44 | 0 | 10.63 | -38.25 | -27.66 | 0 | -27.18 | 0 | -44.67 | 0 | -16.30 | 0 | 0.62 | 47.62 | -13.39 | 0 | 146.52 | -30.97 | 158.57 | 46.26 | -57.14 | 0 | 9.42 | 2668.36 | 31.46 | -28.04 |
| 2021 (8) | -1.30 | 0 | -6.48 | 0 | -84.42 | 0 | 17.21 | -3.42 | -77.97 | 0 | -77.97 | 0 | -117.78 | 0 | -32.29 | 0 | 0.42 | 20.0 | -59.02 | 0 | 212.25 | -34.7 | 108.42 | -6.95 | -8.42 | 0 | 0.34 | -51.02 | 43.72 | -9.95 |
| 2020 (7) | -1.87 | 0 | -23.09 | 0 | -132.58 | 0 | 17.82 | 54.46 | -113.27 | 0 | -113.32 | 0 | -136.95 | 0 | -38.67 | 0 | 0.35 | -22.22 | -92.08 | 0 | 325.03 | 64.11 | 116.52 | 42.83 | -17.39 | 0 | 0.69 | -31.02 | 48.55 | 26.53 |
| 2019 (6) | -3.58 | 0 | 8.04 | -29.9 | -68.40 | 0 | 11.54 | 77.47 | -83.80 | 0 | -83.85 | 0 | -89.45 | 0 | -37.58 | 0 | 0.45 | -10.0 | -68.13 | 0 | 198.06 | 80.93 | 81.58 | -18.42 | 18.42 | 0 | 1.01 | -36.58 | 38.37 | -25.32 |
| 2018 (5) | -5.59 | 0 | 11.47 | 133.6 | -73.71 | 0 | 6.50 | 0.56 | -73.56 | 0 | -73.61 | 0 | -67.43 | 0 | -36.74 | 0 | 0.50 | 11.11 | -63.78 | 0 | 109.47 | 59.04 | 100.00 | 0.97 | -0.42 | 0 | 1.59 | 0 | 51.38 | -36.01 |
| 2017 (4) | -2.93 | 0 | 4.91 | 1.66 | -88.70 | 0 | 6.47 | -10.27 | -89.47 | 0 | -89.52 | 0 | -61.36 | 0 | -40.51 | 0 | 0.45 | 50.0 | -80.17 | 0 | 68.83 | 65.66 | 99.04 | 2.75 | 0.96 | -73.32 | 0.00 | 0 | 80.30 | -18.16 |
| 2016 (3) | -3.71 | 0 | 4.83 | -67.43 | -110.82 | 0 | 7.21 | 54.43 | -114.99 | 0 | -115.04 | 0 | -46.59 | 0 | -34.92 | 0 | 0.30 | 7.14 | -103.93 | 0 | 41.55 | 50.87 | 96.39 | -5.72 | 3.61 | 0 | 0.00 | 0 | 98.12 | 22.18 |
| 2015 (2) | -4.00 | 0 | 14.83 | -19.53 | -92.55 | 0 | 4.67 | 38.64 | -90.47 | 0 | -90.56 | 0 | -31.65 | 0 | -25.60 | 0 | 0.28 | 0.0 | -83.20 | 0 | 27.54 | 32.34 | 102.23 | 1.09 | -2.23 | 0 | 0.00 | 0 | 80.31 | -4.91 |
| 2014 (1) | -4.12 | 0 | 18.43 | 0 | -86.04 | 0 | 3.37 | 130.87 | -85.13 | 0 | -85.18 | 0 | -29.84 | 0 | -23.40 | 0 | 0.28 | -6.67 | -79.65 | 0 | 20.81 | -44.77 | 101.13 | 12.95 | -1.13 | 0 | 0.00 | 0 | 84.46 | -1.68 |
