- 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) | -0.05 | 66.67 | -162.5 | 39.35 | 12.27 | 245.63 | -135.25 | 43.7 | -96.41 | -122.78 | 64.01 | -2526.48 | -122.57 | 64.06 | -739.05 | -0.68 | 68.66 | -146.9 | -0.66 | 67.8 | -156.9 | 0.01 | 0.0 | -80.0 | -66.67 | 71.43 | -366.68 | 1.77 | -60.58 | -86.84 | 100.00 | 42.86 | 107.14 | -0.00 | -100.0 | -100.0 | 83.74 | 46.09 | 246.46 |
| 24Q2 (19) | -0.15 | -50.0 | -66.67 | 35.05 | 213.79 | 19372.22 | -240.24 | -242.91 | -260.4 | -341.19 | -384.64 | -1448.75 | -341.05 | -380.62 | -1092.48 | -2.17 | -49.66 | -37.34 | -2.05 | -49.64 | -259.65 | 0.01 | -50.0 | -66.67 | -233.33 | -483.33 | -3598.2 | 4.49 | -10.91 | -95.59 | 70.00 | -30.0 | -79.0 | 30.00 | 0 | 112.86 | 57.32 | 96.5 | -17.31 |
| 24Q1 (18) | -0.10 | 65.52 | 28.57 | 11.17 | 32.98 | 26.5 | -70.06 | -20.05 | -197.24 | -70.40 | -39.71 | -151.43 | -70.96 | -6.48 | -152.26 | -1.45 | 59.61 | 36.68 | -1.37 | 57.85 | -41.24 | 0.02 | -60.0 | -50.0 | -40.00 | -14.29 | -340.04 | 5.04 | -27.17 | -94.83 | 100.00 | -16.67 | 20.0 | -0.00 | 100.0 | -100.0 | 29.17 | -35.26 | -18.68 |
| 23Q4 (17) | -0.29 | -462.5 | -11.54 | 8.40 | 131.09 | -18.13 | -58.36 | 15.25 | -544.15 | -50.39 | -1095.85 | -90.73 | -66.64 | -447.45 | -117.56 | -3.59 | -347.59 | 17.28 | -3.25 | -380.17 | -67.53 | 0.05 | 0.0 | -28.57 | -35.00 | -240.0 | -133.33 | 6.92 | -48.55 | -92.88 | 120.00 | 108.57 | 230.0 | -20.00 | -101.33 | -131.43 | 45.06 | 86.43 | 126.66 |
| 23Q3 (16) | 0.08 | 188.89 | -46.67 | -27.02 | -15111.11 | -413.82 | -68.86 | -3.3 | -443.06 | 5.06 | 122.97 | -79.65 | 19.18 | 167.06 | 10.55 | 1.45 | 191.77 | -41.77 | 1.16 | 303.51 | -13.43 | 0.05 | 66.67 | -28.57 | 25.00 | 274.81 | -26.79 | 13.45 | -86.8 | -87.73 | -1400.00 | -520.0 | -2700.0 | 1500.00 | 742.86 | 900.0 | 24.17 | -65.13 | 11.69 |
| 23Q2 (15) | -0.09 | 35.71 | -164.29 | 0.18 | -97.96 | -98.68 | -66.66 | -182.82 | -1401.35 | -22.03 | 21.32 | -223.83 | -28.60 | -1.67 | -300.28 | -1.58 | 31.0 | -169.0 | -0.57 | 41.24 | -147.11 | 0.03 | -25.0 | -62.5 | 6.67 | 173.38 | -75.54 | 101.87 | 4.49 | -7.92 | 333.33 | 300.0 | 1433.33 | -233.33 | -1500.0 | -286.67 | 69.32 | 93.25 | 254.94 |
| 23Q1 (14) | -0.14 | 46.15 | 30.0 | 8.83 | -13.94 | -48.3 | -23.57 | -160.15 | -1022.38 | -28.00 | -5.98 | -64.22 | -28.13 | 8.16 | -44.63 | -2.29 | 47.24 | 30.61 | -0.97 | 50.0 | 31.69 | 0.04 | -42.86 | -50.0 | -9.09 | 39.4 | -6.82 | 97.49 | 0.26 | -15.73 | 83.33 | 129.17 | 566.67 | 16.67 | -73.81 | -80.95 | 35.87 | 80.43 | 89.29 |
| 22Q4 (13) | -0.26 | -273.33 | -116.67 | 10.26 | 19.16 | 92.5 | -9.06 | 28.55 | 23.48 | -26.42 | -206.23 | 16.34 | -30.63 | -276.54 | -188.15 | -4.34 | -274.3 | -123.71 | -1.94 | -244.78 | -145.57 | 0.07 | 0.0 | -22.22 | -15.00 | -143.92 | 35.01 | 97.24 | -11.29 | -14.53 | 36.36 | 172.73 | -3.03 | 63.64 | -57.58 | 1.82 | 19.88 | -8.13 | 10.44 |
| 22Q3 (12) | 0.15 | 7.14 | 168.18 | 8.61 | -36.97 | 788.8 | -12.68 | -185.59 | 52.4 | 24.87 | 39.8 | 187.45 | 17.35 | 21.5 | 161.01 | 2.49 | 8.73 | 173.02 | 1.34 | 10.74 | 185.35 | 0.07 | -12.5 | 16.67 | 34.15 | 25.23 | 270.75 | 109.61 | -0.92 | 1.45 | -50.00 | -100.0 | -155.56 | 150.00 | 20.0 | 1400.0 | 21.64 | 10.8 | -17.21 |
| 22Q2 (11) | 0.14 | 170.0 | 137.84 | 13.66 | -20.02 | 329.58 | -4.44 | -111.43 | 86.18 | 17.79 | 204.34 | 141.23 | 14.28 | 173.42 | 133.09 | 2.29 | 169.39 | 141.56 | 1.21 | 185.21 | 143.06 | 0.08 | 0.0 | 14.29 | 27.27 | 420.45 | 175.96 | 110.63 | -4.37 | 13.81 | -25.00 | -300.0 | -132.69 | 125.00 | 42.86 | 431.25 | 19.53 | 3.06 | -10.7 |
| 22Q1 (10) | -0.20 | -66.67 | -33.33 | 17.08 | 220.45 | 9588.89 | -2.10 | 82.26 | 93.2 | -17.05 | 46.01 | 33.32 | -19.45 | -82.97 | 23.93 | -3.30 | -70.1 | -50.68 | -1.42 | -79.75 | -27.93 | 0.08 | -11.11 | 60.0 | -8.51 | 63.13 | 42.54 | 115.69 | 1.69 | 43.96 | 12.50 | -66.67 | -89.06 | 87.50 | 40.0 | 712.5 | 18.95 | 5.28 | -39.15 |
| 21Q4 (9) | -0.12 | 45.45 | 67.57 | 5.33 | 526.4 | 182.38 | -11.84 | 55.56 | 73.13 | -31.58 | -11.04 | 52.65 | -10.63 | 62.62 | 84.05 | -1.94 | 43.11 | 62.04 | -0.79 | 49.68 | 69.96 | 0.09 | 50.0 | 125.0 | -23.08 | -15.4 | 55.62 | 113.77 | 5.3 | 46.71 | 37.50 | -58.33 | -42.05 | 62.50 | 525.0 | 77.08 | 18.00 | -31.14 | -36.46 |
| 21Q3 (8) | -0.22 | 40.54 | 33.33 | -1.25 | 78.99 | -123.54 | -26.64 | 17.06 | 37.84 | -28.44 | 34.09 | 55.77 | -28.44 | 34.09 | 55.81 | -3.41 | 38.11 | 23.02 | -1.57 | 44.13 | 32.03 | 0.06 | -14.29 | 50.0 | -20.00 | 44.29 | 56.36 | 108.04 | 11.14 | 17.5 | 90.00 | 17.69 | 35.0 | 10.00 | -57.5 | -70.0 | 26.14 | 19.52 | -30.31 |
| 21Q2 (7) | -0.37 | -146.67 | -15.62 | -5.95 | -3205.56 | -421.62 | -32.12 | -3.95 | -11.68 | -43.15 | -68.75 | -1.39 | -43.15 | -68.75 | -1.39 | -5.51 | -151.6 | -35.38 | -2.81 | -153.15 | -19.57 | 0.07 | 40.0 | 16.67 | -35.90 | -142.4 | -4.7 | 97.21 | 20.97 | 39.31 | 76.47 | -33.09 | 14.71 | 23.53 | 264.71 | -29.41 | 21.87 | -29.77 | 0 |
| 21Q1 (6) | -0.15 | 59.46 | -114.29 | -0.18 | 97.22 | -104.08 | -30.90 | 29.87 | -56.93 | -25.57 | 61.66 | -188.6 | -25.57 | 61.63 | -188.6 | -2.19 | 57.14 | -154.65 | -1.11 | 57.79 | -158.14 | 0.05 | 25.0 | -16.67 | -14.81 | 71.52 | 0 | 80.36 | 3.62 | 28.31 | 114.29 | 76.62 | -51.02 | -14.29 | -140.48 | 89.29 | 31.14 | 9.92 | 0 |
| 20Q4 (5) | -0.37 | -12.12 | -5.71 | -6.47 | -221.85 | -729.49 | -44.06 | -2.8 | -102.76 | -66.69 | -3.72 | -82.61 | -66.64 | -3.54 | -82.53 | -5.11 | -15.35 | -19.95 | -2.63 | -13.85 | 0.38 | 0.04 | 0.0 | -50.0 | -52.00 | -13.46 | -90.69 | 77.55 | -15.66 | 34.45 | 64.71 | -2.94 | 3.53 | 35.29 | 5.88 | -19.33 | 28.33 | -24.47 | 28.02 |
| 20Q3 (4) | -0.33 | -3.13 | 0.0 | 5.31 | 187.03 | 0.0 | -42.86 | -49.03 | 0.0 | -64.30 | -51.08 | 0.0 | -64.36 | -51.22 | 0.0 | -4.43 | -8.85 | 0.0 | -2.31 | 1.7 | 0.0 | 0.04 | -33.33 | 0.0 | -45.83 | -33.65 | 0.0 | 91.95 | 31.77 | 0.0 | 66.67 | 0.0 | 0.0 | 33.33 | 0.0 | 0.0 | 37.51 | 0 | 0.0 |
| 20Q2 (3) | -0.32 | -357.14 | 0.0 | 1.85 | -58.05 | 0.0 | -28.76 | -46.06 | 0.0 | -42.56 | -380.36 | 0.0 | -42.56 | -380.36 | 0.0 | -4.07 | -373.26 | 0.0 | -2.35 | -446.51 | 0.0 | 0.06 | 0.0 | 0.0 | -34.29 | 0 | 0.0 | 69.78 | 11.42 | 0.0 | 66.67 | -71.43 | 0.0 | 33.33 | 125.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.07 | 80.0 | 0.0 | 4.41 | 665.38 | 0.0 | -19.69 | 9.39 | 0.0 | -8.86 | 75.74 | 0.0 | -8.86 | 75.73 | 0.0 | -0.86 | 79.81 | 0.0 | -0.43 | 83.71 | 0.0 | 0.06 | -25.0 | 0.0 | 0.00 | 100.0 | 0.0 | 62.63 | 8.58 | 0.0 | 233.33 | 273.33 | 0.0 | -133.33 | -404.76 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.35 | 0.0 | 0.0 | -0.78 | 0.0 | 0.0 | -21.73 | 0.0 | 0.0 | -36.52 | 0.0 | 0.0 | -36.51 | 0.0 | 0.0 | -4.26 | 0.0 | 0.0 | -2.64 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -27.27 | 0.0 | 0.0 | 57.68 | 0.0 | 0.0 | 62.50 | 0.0 | 0.0 | 43.75 | 0.0 | 0.0 | 22.13 | 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) | -0.43 | 0 | -2.32 | 0 | -52.71 | 0 | 15.58 | 123.38 | -24.03 | 0 | -25.85 | 0 | -5.31 | 0 | -3.16 | 0 | 0.15 | -50.0 | -3.90 | 0 | 6.92 | -92.88 | 227.78 | -81.02 | -122.22 | 0 | 0.00 | 0 | 41.58 | 108.42 |
| 2022 (9) | -0.17 | 0 | 12.61 | 0 | -6.82 | 0 | 6.98 | 6.74 | -0.32 | 0 | -4.64 | 0 | -2.86 | 0 | -0.78 | 0 | 0.30 | 15.38 | 8.72 | 0 | 97.24 | -14.53 | 1200.00 | 1566.67 | -1100.00 | 0 | 0.00 | 0 | 19.95 | -13.93 |
| 2021 (8) | -0.86 | 0 | -0.03 | 0 | -23.79 | 0 | 6.54 | -21.57 | -32.74 | 0 | -25.65 | 0 | -13.02 | 0 | -6.23 | 0 | 0.26 | 23.81 | -24.18 | 0 | 113.77 | 46.71 | 72.00 | -5.26 | 28.00 | 16.67 | 0.00 | 0 | 23.18 | -19.49 |
| 2020 (7) | -1.09 | 0 | 1.55 | 0 | -32.09 | 0 | 8.33 | -18.63 | -41.90 | 0 | -41.90 | 0 | -14.45 | 0 | -8.15 | 0 | 0.21 | 0.0 | -30.00 | 0 | 77.55 | 34.45 | 76.00 | 0 | 24.00 | -79.05 | 0.00 | 0 | 28.79 | 34.47 |
| 2019 (6) | 6.82 | 0 | -2.53 | 0 | -28.63 | 0 | 10.24 | -39.3 | 194.91 | 0 | 189.33 | 0 | 149.98 | 0 | 41.01 | 0 | 0.21 | -8.7 | 209.04 | 0 | 57.68 | -96.48 | -14.55 | 0 | 114.55 | 293.77 | 0.00 | 0 | 21.41 | 177.69 |
| 2018 (5) | -4.50 | 0 | -11.38 | 0 | -32.13 | 0 | 16.87 | 14.36 | -45.12 | 0 | -85.30 | 0 | -67.63 | 0 | -8.58 | 0 | 0.23 | -20.69 | -19.34 | 0 | 1637.84 | 400.88 | 70.91 | -64.17 | 29.09 | 0 | 0.00 | 0 | 7.71 | -47.98 |
| 2017 (4) | -1.04 | 0 | -12.30 | 0 | -31.03 | 0 | 14.75 | 49.75 | -15.64 | 0 | -15.64 | 0 | -16.50 | 0 | -3.18 | 0 | 0.29 | -23.68 | 4.59 | -83.93 | 326.99 | 54.41 | 197.92 | 0 | -97.92 | 0 | 0.00 | 0 | 14.82 | 103.01 |
| 2016 (3) | 1.14 | 0 | -9.06 | 0 | -36.30 | 0 | 9.85 | 3.36 | 13.69 | 0 | 12.86 | 0 | 23.23 | 0 | 6.41 | 0 | 0.38 | -22.45 | 28.57 | 0 | 211.77 | -72.16 | -262.50 | 0 | 362.50 | 1151.21 | 0.00 | 0 | 7.30 | 16.24 |
| 2015 (2) | -4.49 | 0 | -16.53 | 0 | -24.68 | 0 | 9.53 | 100.96 | -34.62 | 0 | -34.62 | 0 | -87.00 | 0 | -15.21 | 0 | 0.49 | -43.68 | -20.68 | 0 | 760.69 | 174.72 | 71.50 | -6.88 | 28.97 | 24.74 | 0.00 | 0 | 6.28 | 47.07 |
| 2014 (1) | -2.85 | 0 | -5.32 | 0 | -9.40 | 0 | 4.74 | 6.76 | -12.27 | 0 | -12.27 | 0 | -35.69 | 0 | -9.21 | 0 | 0.87 | 1.16 | -5.53 | 0 | 276.90 | 33.9 | 76.77 | -12.26 | 23.23 | 85.81 | 0.00 | 0 | 4.27 | 8.65 |
