- 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) | -0.29 | -383.33 | -45.0 | 2.38 | -56.65 | 138.39 | -20.82 | -34.84 | 9.4 | -24.66 | -414.82 | -71.13 | -23.97 | -383.27 | -57.49 | -1.85 | -351.22 | -40.15 | -1.55 | -384.38 | -33.62 | 0.07 | 0.0 | -12.5 | -9.33 | -183.98 | -273.2 | 15.57 | -19.41 | 23.67 | 88.89 | -75.76 | -40.74 | 16.67 | 106.25 | 128.57 | 38.29 | 11.86 | 36.36 |
| 24Q2 (19) | -0.06 | 80.0 | 78.57 | 5.49 | 144.63 | 129.82 | -15.44 | 51.45 | 60.94 | -4.79 | 77.23 | 84.14 | -4.96 | 77.97 | 83.68 | -0.41 | 80.19 | 77.72 | -0.32 | 82.42 | 80.72 | 0.07 | -12.5 | 16.67 | 11.11 | 226.97 | 177.75 | 19.32 | 50.12 | 70.67 | 366.67 | 139.74 | 183.33 | -266.67 | -403.7 | -806.67 | 34.23 | 12.19 | -4.47 |
| 24Q1 (18) | -0.30 | 40.0 | -3.45 | -12.30 | -0.16 | 26.57 | -31.80 | -21.0 | 20.9 | -21.04 | 39.9 | 46.87 | -22.51 | 29.28 | 41.71 | -2.07 | 38.39 | 7.59 | -1.82 | 38.51 | 4.21 | 0.08 | -11.11 | 60.0 | -8.75 | 63.86 | 57.21 | 12.87 | 1.18 | 53.21 | 152.94 | 101.88 | 44.44 | -52.94 | -318.38 | 0 | 30.51 | 29.22 | -24.42 |
| 23Q4 (17) | -0.50 | -150.0 | -194.12 | -12.28 | -98.06 | -206.23 | -26.28 | -14.36 | -17.69 | -35.01 | -142.96 | -24.64 | -31.83 | -109.13 | -133.53 | -3.36 | -154.55 | -162.5 | -2.96 | -155.17 | -202.04 | 0.09 | 12.5 | 28.57 | -24.21 | -868.4 | -69.42 | 12.72 | 1.03 | -55.04 | 75.76 | -49.49 | -6.76 | 24.24 | 141.56 | 29.29 | 23.61 | -15.92 | -25.66 |
| 23Q3 (16) | -0.20 | 28.57 | -33.33 | -6.20 | 66.32 | 52.53 | -22.98 | 41.87 | 29.51 | -14.41 | 52.28 | 16.61 | -15.22 | 49.93 | -11.5 | -1.32 | 28.26 | -13.79 | -1.16 | 30.12 | -23.4 | 0.08 | 33.33 | 14.29 | -2.50 | 82.51 | 36.22 | 12.59 | 11.22 | -42.82 | 150.00 | 15.91 | -20.59 | -58.33 | -98.33 | 34.37 | 28.08 | -21.63 | -15.11 |
| 23Q2 (15) | -0.28 | 3.45 | -40.0 | -18.41 | -9.91 | -228.16 | -39.53 | 1.67 | -20.04 | -30.20 | 23.74 | -37.77 | -30.40 | 21.28 | -39.39 | -1.84 | 17.86 | -11.52 | -1.66 | 12.63 | -49.55 | 0.06 | 20.0 | 20.0 | -14.29 | 30.12 | -458.2 | 11.32 | 34.76 | -34.41 | 129.41 | 22.22 | -10.41 | -29.41 | 0 | 33.82 | 35.83 | -11.25 | -13.1 |
| 23Q1 (14) | -0.29 | -70.59 | 19.44 | -16.75 | -317.71 | 45.48 | -40.20 | -80.03 | 38.98 | -39.60 | -40.98 | 18.9 | -38.62 | -183.35 | 21.3 | -2.24 | -75.0 | 30.86 | -1.90 | -93.88 | 2.06 | 0.05 | -28.57 | 25.0 | -20.45 | -43.11 | 15.29 | 8.40 | -70.31 | -87.08 | 105.88 | 30.32 | -21.98 | -0.00 | -100.0 | 100.0 | 40.37 | 27.11 | -30.28 |
| 22Q4 (13) | -0.17 | -13.33 | 46.88 | -4.01 | 69.3 | 69.6 | -22.33 | 31.5 | 25.09 | -28.09 | -62.56 | 12.68 | -13.63 | 0.15 | 53.98 | -1.28 | -10.34 | 53.45 | -0.98 | -4.26 | 44.32 | 0.07 | 0.0 | 16.67 | -14.29 | -264.54 | 14.28 | 28.29 | 28.47 | -50.74 | 81.25 | -56.99 | -11.98 | 18.75 | 121.09 | 143.75 | 31.76 | -3.99 | -11.66 |
| 22Q3 (12) | -0.15 | 25.0 | 28.57 | -13.06 | -132.8 | -49.94 | -32.60 | 1.0 | 23.37 | -17.28 | 21.17 | 41.46 | -13.65 | 37.41 | 53.71 | -1.16 | 29.7 | 36.61 | -0.94 | 15.32 | 23.58 | 0.07 | 40.0 | 75.0 | -3.92 | -53.12 | 43.19 | 22.02 | 27.58 | -50.8 | 188.89 | 30.77 | 25.93 | -88.89 | -100.0 | -77.78 | 33.08 | -19.77 | -30.24 |
| 22Q2 (11) | -0.20 | 44.44 | 0.0 | -5.61 | 81.74 | -157.19 | -32.93 | 50.02 | -22.51 | -21.92 | 55.11 | 28.78 | -21.81 | 55.55 | 21.72 | -1.65 | 49.07 | -0.61 | -1.11 | 42.78 | 1.77 | 0.05 | 25.0 | 25.0 | -2.56 | 89.4 | 76.1 | 17.26 | -73.46 | -57.55 | 144.44 | 6.43 | 85.71 | -44.44 | -24.44 | -500.0 | 41.23 | -28.79 | -21.71 |
| 22Q1 (10) | -0.36 | -12.5 | -200.0 | -30.72 | -132.9 | -240.21 | -65.88 | -121.0 | -490.85 | -48.83 | -51.79 | -298.94 | -49.07 | -65.67 | -281.57 | -3.24 | -17.82 | -234.02 | -1.94 | -10.23 | -181.16 | 0.04 | -33.33 | -33.33 | -24.14 | -44.81 | -968.35 | 65.04 | 13.25 | 70.17 | 135.71 | 47.02 | 35.71 | -35.71 | -564.29 | 0 | 57.90 | 61.06 | 40.47 |
| 21Q4 (9) | -0.32 | -52.38 | -33.33 | -13.19 | -51.44 | -8.83 | -29.81 | 29.92 | 39.05 | -32.17 | -8.98 | 22.5 | -29.62 | -0.44 | -8.1 | -2.75 | -50.27 | -41.03 | -1.76 | -43.09 | -18.92 | 0.06 | 50.0 | 0.0 | -16.67 | -141.59 | 35.16 | 57.43 | 28.31 | 88.91 | 92.31 | -38.46 | -23.98 | 7.69 | 115.38 | 135.9 | 35.95 | -24.19 | -37.92 |
| 21Q3 (8) | -0.21 | -5.0 | 25.0 | -8.71 | -188.79 | -295.91 | -42.54 | -58.26 | -51.98 | -29.52 | 4.09 | -13.02 | -29.49 | -5.85 | -30.78 | -1.83 | -11.59 | 16.44 | -1.23 | -8.85 | 26.79 | 0.04 | 0.0 | -50.0 | -6.90 | 35.57 | 58.61 | 44.76 | 10.08 | 67.2 | 150.00 | 92.86 | 39.29 | -50.00 | -550.0 | -550.0 | 47.42 | -9.95 | 71.56 |
| 21Q2 (7) | -0.20 | -66.67 | -253.85 | 9.81 | -55.23 | -49.74 | -26.88 | -141.08 | -585.2 | -30.78 | -151.47 | -385.53 | -27.86 | -116.64 | -403.16 | -1.64 | -69.07 | -262.38 | -1.13 | -63.77 | -241.25 | 0.04 | -33.33 | -50.0 | -10.71 | -485.25 | -159.97 | 40.66 | 6.38 | 38.39 | 77.78 | -22.22 | 55.56 | 11.11 | 0 | -77.78 | 52.66 | 27.75 | 0 |
| 21Q1 (6) | -0.12 | 50.0 | -233.33 | 21.91 | 280.78 | -18.09 | -11.15 | 77.2 | -247.29 | -12.24 | 70.51 | -246.76 | -12.86 | 53.07 | -336.4 | -0.97 | 50.26 | -242.65 | -0.69 | 53.38 | -227.78 | 0.06 | 0.0 | -33.33 | 2.78 | 110.81 | -80.85 | 38.22 | 25.72 | 7.94 | 100.00 | -17.65 | 0.0 | -0.00 | 100.0 | 0 | 41.22 | -28.82 | 0 |
| 20Q4 (5) | -0.24 | 14.29 | -318.18 | -12.12 | -450.91 | -151.71 | -48.91 | -74.74 | -1033.4 | -41.51 | -58.92 | -1105.08 | -27.40 | -21.51 | -708.89 | -1.95 | 10.96 | -316.67 | -1.48 | 11.9 | -314.49 | 0.06 | -25.0 | -60.0 | -25.71 | -54.23 | -421.38 | 30.40 | 13.56 | -18.19 | 121.43 | 12.76 | -2.86 | -21.43 | -178.57 | 14.29 | 57.91 | 109.52 | 238.85 |
| 20Q3 (4) | -0.28 | -315.38 | 0.0 | -2.20 | -111.27 | 0.0 | -27.99 | -605.23 | 0.0 | -26.12 | -342.3 | 0.0 | -22.55 | -345.38 | 0.0 | -2.19 | -316.83 | 0.0 | -1.68 | -310.0 | 0.0 | 0.08 | 0.0 | 0.0 | -16.67 | -193.34 | 0.0 | 26.77 | -8.88 | 0.0 | 107.69 | 115.38 | 0.0 | -7.69 | -115.38 | 0.0 | 27.64 | 0 | 0.0 |
| 20Q2 (3) | 0.13 | 44.44 | 0.0 | 19.52 | -27.03 | 0.0 | 5.54 | -26.82 | 0.0 | 10.78 | 29.26 | 0.0 | 9.19 | 68.93 | 0.0 | 1.01 | 48.53 | 0.0 | 0.80 | 48.15 | 0.0 | 0.08 | -11.11 | 0.0 | 17.86 | 23.0 | 0.0 | 29.38 | -17.03 | 0.0 | 50.00 | -50.0 | 0.0 | 50.00 | 0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | 0.09 | -18.18 | 0.0 | 26.75 | 14.12 | 0.0 | 7.57 | 44.47 | 0.0 | 8.34 | 101.94 | 0.0 | 5.44 | 20.89 | 0.0 | 0.68 | -24.44 | 0.0 | 0.54 | -21.74 | 0.0 | 0.09 | -40.0 | 0.0 | 14.52 | 81.5 | 0.0 | 35.41 | -4.71 | 0.0 | 100.00 | -20.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.11 | 0.0 | 0.0 | 23.44 | 0.0 | 0.0 | 5.24 | 0.0 | 0.0 | 4.13 | 0.0 | 0.0 | 4.50 | 0.0 | 0.0 | 0.90 | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 | 0.15 | 0.0 | 0.0 | 8.00 | 0.0 | 0.0 | 37.16 | 0.0 | 0.0 | 125.00 | 0.0 | 0.0 | -25.00 | 0.0 | 0.0 | 17.09 | 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) | -1.27 | 0 | -12.48 | 0 | -30.26 | 0 | 12.36 | -19.87 | -28.78 | 0 | -27.80 | 0 | -10.38 | 0 | -8.64 | 0 | 0.31 | 29.17 | -15.64 | 0 | 12.72 | -55.04 | 105.06 | -19.05 | -5.06 | 0 | 0.00 | 0 | 30.09 | -22.03 |
| 2022 (9) | -0.84 | 0 | -11.44 | 0 | -34.91 | 0 | 15.43 | -1.55 | -27.00 | 0 | -21.33 | 0 | -7.22 | 0 | -4.88 | 0 | 0.24 | 20.0 | -10.29 | 0 | 28.29 | -50.74 | 129.79 | 26.18 | -29.79 | 0 | 0.00 | 0 | 38.59 | -10.8 |
| 2021 (8) | -0.85 | 0 | 1.98 | -82.15 | -26.88 | 0 | 15.67 | 125.0 | -25.94 | 0 | -24.71 | 0 | -7.17 | 0 | -4.81 | 0 | 0.20 | -35.48 | -8.21 | 0 | 57.43 | 88.91 | 102.86 | -28.45 | -2.86 | 0 | 0.00 | 0 | 43.26 | 32.5 |
| 2020 (7) | -0.30 | 0 | 11.09 | -41.23 | -11.28 | 0 | 6.97 | 114.31 | -7.87 | 0 | -5.92 | 0 | -2.43 | 0 | -1.68 | 0 | 0.31 | -50.0 | 0.50 | -95.24 | 30.40 | -18.19 | 143.75 | 43.75 | -43.75 | 0 | 0.00 | 0 | 32.65 | 107.7 |
| 2019 (6) | 0.67 | -27.96 | 18.87 | -19.67 | 6.51 | -42.79 | 3.25 | 32.03 | 6.60 | -51.22 | 6.54 | -41.71 | 5.26 | -31.06 | 4.16 | -34.8 | 0.62 | 10.71 | 10.50 | -36.82 | 37.16 | 58.94 | 100.00 | 18.92 | 0.00 | 0 | 0.00 | 0 | 15.72 | -21.91 |
| 2018 (5) | 0.93 | -13.89 | 23.49 | -2.81 | 11.38 | -27.42 | 2.46 | 6.46 | 13.53 | -5.58 | 11.22 | -3.36 | 7.63 | -32.3 | 6.38 | -26.67 | 0.56 | -24.32 | 16.62 | -2.52 | 23.38 | 31.5 | 84.09 | -22.14 | 15.91 | 0 | 0.00 | 0 | 20.13 | 4.63 |
| 2017 (4) | 1.08 | 151.16 | 24.17 | 18.54 | 15.68 | 96.74 | 2.31 | -35.26 | 14.33 | 113.24 | 11.61 | 122.84 | 11.27 | 111.84 | 8.70 | 141.0 | 0.74 | 15.62 | 17.05 | 43.28 | 17.78 | -67.38 | 108.00 | -8.2 | -10.00 | 0 | 0.00 | 0 | 19.24 | -12.43 |
| 2016 (3) | 0.43 | 0 | 20.39 | -17.01 | 7.97 | 1494.0 | 3.57 | -37.5 | 6.72 | 0 | 5.21 | 0 | 5.32 | 0 | 3.61 | 0 | 0.64 | 20.75 | 11.90 | 78.41 | 54.51 | -14.29 | 117.65 | 0 | -17.65 | 0 | 0.00 | 0 | 21.97 | -35.89 |
| 2015 (2) | -0.07 | 0 | 24.57 | 81.6 | 0.50 | 0 | 5.71 | -42.54 | -1.26 | 0 | -1.26 | 0 | -1.22 | 0 | -0.29 | 0 | 0.53 | 6.0 | 6.67 | 0 | 63.60 | -38.17 | -33.33 | 0 | 133.33 | 0 | 0.00 | 0 | 34.27 | -9.7 |
| 2014 (1) | -0.62 | 0 | 13.53 | 0 | -13.85 | 0 | 9.94 | -31.63 | -12.50 | 0 | -12.50 | 0 | -11.07 | 0 | -5.83 | 0 | 0.50 | 72.41 | 0.00 | 0 | 102.86 | 81.44 | 108.70 | -31.35 | -8.70 | 0 | 0.00 | 0 | 37.95 | -24.51 |
