- 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) | -0.44 | -83.33 | -175.0 | 26.80 | -0.78 | 10.88 | -30.30 | -54.67 | -40.86 | -31.36 | -110.19 | -71.46 | -31.42 | -109.05 | -68.56 | -3.76 | -75.7 | -64.19 | -1.59 | -80.68 | -52.88 | 0.06 | -14.29 | 0.0 | -17.19 | -145.92 | -56.99 | 124.20 | 38.49 | 41.36 | 97.50 | -26.88 | -15.95 | 2.50 | 107.5 | 115.62 | 43.49 | 8.24 | 13.28 |
| 24Q2 (19) | -0.24 | -166.67 | 73.33 | 27.01 | -4.99 | 4.85 | -19.59 | 22.14 | 7.86 | -14.92 | -58.72 | 64.97 | -15.03 | -26.41 | 64.5 | -2.14 | -47.59 | 63.23 | -0.88 | -60.0 | 71.05 | 0.07 | 16.67 | 0.0 | -6.99 | -784.81 | 81.15 | 89.68 | -19.99 | -7.63 | 133.33 | -50.0 | 166.67 | -33.33 | 80.0 | -166.67 | 40.18 | -6.06 | 2.92 |
| 24Q1 (18) | -0.09 | 93.84 | -103.98 | 28.43 | 22.33 | 26.24 | -25.16 | -51.75 | -0.12 | -9.40 | 85.82 | -108.34 | -11.89 | 81.55 | -110.58 | -1.45 | 85.59 | -110.54 | -0.55 | 88.96 | -106.51 | 0.06 | -25.0 | -14.29 | -0.79 | 98.68 | -100.67 | 112.08 | 12.35 | 57.31 | 266.67 | 976.19 | 1304.3 | -166.67 | -321.57 | -235.66 | 42.77 | 44.35 | 4.67 |
| 23Q4 (17) | -1.46 | -812.5 | -124.62 | 23.24 | -3.85 | -10.06 | -16.58 | 22.92 | 17.39 | -66.28 | -262.38 | -105.52 | -64.44 | -245.71 | -103.09 | -10.06 | -339.3 | -110.46 | -4.98 | -378.85 | -53.23 | 0.08 | 33.33 | -20.0 | -59.65 | -444.75 | -114.11 | 99.76 | 13.54 | 73.98 | 24.78 | -78.64 | -60.18 | 75.22 | 570.13 | 99.12 | 29.63 | -22.82 | -23.81 |
| 23Q3 (16) | -0.16 | 82.22 | 62.79 | 24.17 | -6.17 | 0.96 | -21.51 | -1.18 | -9.69 | -18.29 | 57.06 | 1.19 | -18.64 | 55.98 | 8.85 | -2.29 | 60.65 | 22.11 | -1.04 | 65.79 | 50.48 | 0.06 | -14.29 | -40.0 | -10.95 | 70.48 | 27.19 | 87.86 | -9.51 | 168.19 | 116.00 | 132.0 | 11.54 | -16.00 | -132.0 | -300.0 | 38.39 | -1.66 | 12.71 |
| 23Q2 (15) | -0.90 | -139.82 | 9.09 | 25.76 | 14.39 | 0.16 | -21.26 | 15.4 | -51.86 | -42.59 | -137.8 | 7.71 | -42.34 | -137.68 | 9.37 | -5.82 | -142.3 | 11.01 | -3.04 | -135.98 | 35.73 | 0.07 | 0.0 | -30.0 | -37.09 | -131.33 | 13.04 | 97.09 | 36.27 | 129.47 | 50.00 | 325.81 | 65.79 | 50.00 | -59.3 | -28.41 | 39.04 | -4.45 | 17.2 |
| 23Q1 (14) | 2.26 | 447.69 | 258.73 | 22.52 | -12.85 | -6.09 | -25.13 | -25.21 | -281.91 | 112.66 | 449.33 | 271.69 | 112.36 | 454.11 | 310.82 | 13.76 | 387.87 | 233.17 | 8.45 | 360.0 | 176.14 | 0.07 | -30.0 | -36.36 | 118.40 | 524.98 | 250.5 | 71.25 | 24.26 | 116.3 | -22.14 | -135.59 | 0.36 | 122.86 | 225.21 | 0.52 | 40.86 | 5.07 | 35.48 |
| 22Q4 (13) | -0.65 | -51.16 | -506.25 | 25.84 | 7.94 | -2.56 | -20.07 | -2.35 | -1101.8 | -32.25 | -74.23 | -722.59 | -31.73 | -55.16 | -720.94 | -4.78 | -62.59 | -530.63 | -3.25 | -54.76 | -516.67 | 0.10 | 0.0 | -33.33 | -27.86 | -85.24 | -455.36 | 57.34 | 75.03 | 41.72 | 62.22 | -40.17 | 328.15 | 37.78 | 1044.44 | -70.32 | 38.89 | 14.18 | 76.77 |
| 22Q3 (12) | -0.43 | 56.57 | -72.0 | 23.94 | -6.92 | 26.0 | -19.61 | -40.07 | 11.27 | -18.51 | 59.89 | -55.94 | -20.45 | 56.23 | -75.99 | -2.94 | 55.05 | -73.96 | -2.10 | 55.6 | -107.92 | 0.10 | 0.0 | 11.11 | -15.04 | 64.74 | -87.3 | 32.76 | -22.57 | -43.42 | 104.00 | 244.84 | -44.53 | -4.00 | -105.73 | 95.43 | 34.06 | 2.25 | -9.25 |
| 22Q2 (11) | -0.99 | -257.14 | -682.35 | 25.72 | 7.26 | 53.83 | -14.00 | -112.77 | -12.09 | -46.15 | -252.26 | -403.62 | -46.72 | -270.82 | -873.51 | -6.54 | -258.35 | -663.79 | -4.73 | -254.58 | -756.94 | 0.10 | -9.09 | -9.09 | -42.65 | -226.26 | -332.68 | 42.31 | 28.45 | -32.7 | 30.16 | 235.71 | 135.4 | 69.84 | -42.86 | -62.29 | 33.31 | 10.44 | 25.51 |
| 22Q1 (10) | 0.63 | 293.75 | 303.23 | 23.98 | -9.58 | 15.62 | -6.58 | -294.01 | 14.99 | 30.31 | 485.14 | 422.1 | 27.35 | 435.23 | 382.25 | 4.13 | 272.07 | 296.67 | 3.06 | 292.31 | 385.98 | 0.11 | -26.67 | -8.33 | 33.78 | 330.87 | 627.81 | 32.94 | -18.59 | -64.49 | -22.22 | 18.52 | -126.39 | 122.22 | -3.97 | 674.07 | 30.16 | 37.09 | 24.47 |
| 21Q4 (9) | 0.16 | 164.0 | 115.84 | 26.52 | 39.58 | 203.43 | -1.67 | 92.44 | 96.95 | 5.18 | 143.64 | 113.31 | 5.11 | 143.98 | 112.68 | 1.11 | 165.68 | 116.74 | 0.78 | 177.23 | 119.6 | 0.15 | 66.67 | 50.0 | 7.84 | 197.63 | 122.95 | 40.46 | -30.12 | -41.2 | -27.27 | -114.55 | -119.52 | 127.27 | 245.45 | 420.73 | 22.00 | -41.38 | -47.0 |
| 21Q3 (8) | -0.25 | -247.06 | 86.11 | 19.00 | 13.64 | 572.64 | -22.10 | -76.94 | 52.6 | -11.87 | -178.09 | 79.18 | -11.62 | -292.38 | 81.72 | -1.69 | -245.69 | 84.45 | -1.01 | -240.28 | 85.17 | 0.09 | -18.18 | -18.18 | -8.03 | -143.81 | 83.3 | 57.90 | -7.91 | -1.61 | 187.50 | 320.11 | 129.91 | -87.50 | -147.25 | -574.34 | 37.53 | 41.41 | 26.96 |
| 21Q2 (7) | 0.17 | 154.84 | 115.04 | 16.72 | -19.38 | 372.32 | -12.49 | -61.37 | 66.43 | 15.20 | 261.53 | 135.82 | 6.04 | 162.33 | 114.34 | 1.16 | 155.24 | 118.5 | 0.72 | 167.29 | 118.23 | 0.11 | -8.33 | 10.0 | 18.33 | 386.41 | 156.3 | 62.87 | -32.22 | 11.99 | -85.19 | -201.16 | -197.16 | 185.19 | 1072.84 | 1402.06 | 26.54 | 9.53 | -9.26 |
| 21Q1 (6) | -0.31 | 69.31 | 61.25 | 20.74 | 137.3 | 47.93 | -7.74 | 85.84 | 68.5 | -9.41 | 75.82 | 69.55 | -9.69 | 75.96 | 69.24 | -2.10 | 68.33 | 49.4 | -1.07 | 73.12 | 58.2 | 0.12 | 20.0 | 50.0 | -6.40 | 81.26 | 68.58 | 92.75 | 34.79 | 73.2 | 84.21 | -39.71 | 5.26 | 15.79 | 139.79 | -21.05 | 24.23 | -41.63 | 0 |
| 20Q4 (5) | -1.01 | 43.89 | 8.18 | 8.74 | 317.41 | 40.29 | -54.67 | -17.27 | -144.83 | -38.91 | 31.76 | -44.92 | -40.31 | 36.6 | -53.27 | -6.63 | 39.01 | -21.65 | -3.98 | 41.56 | -15.7 | 0.10 | -9.09 | -23.08 | -34.16 | 28.94 | -65.83 | 68.81 | 16.92 | 19.17 | 139.68 | 71.28 | 67.62 | -39.68 | -315.12 | -338.1 | 41.51 | 40.43 | 89.46 |
| 20Q3 (4) | -1.80 | -59.29 | 0.0 | -4.02 | -213.56 | 0.0 | -46.62 | -25.29 | 0.0 | -57.02 | -34.35 | 0.0 | -63.58 | -50.95 | 0.0 | -10.87 | -73.37 | 0.0 | -6.81 | -72.41 | 0.0 | 0.11 | 10.0 | 0.0 | -48.07 | -47.64 | 0.0 | 58.85 | 4.83 | 0.0 | 81.55 | -6.98 | 0.0 | 18.45 | 49.62 | 0.0 | 29.56 | 1.06 | 0.0 |
| 20Q2 (3) | -1.13 | -41.25 | 0.0 | 3.54 | -74.75 | 0.0 | -37.21 | -51.44 | 0.0 | -42.44 | -37.35 | 0.0 | -42.12 | -33.71 | 0.0 | -6.27 | -51.08 | 0.0 | -3.95 | -54.3 | 0.0 | 0.10 | 25.0 | 0.0 | -32.56 | -59.84 | 0.0 | 56.14 | 4.84 | 0.0 | 87.67 | 9.59 | 0.0 | 12.33 | -38.36 | 0.0 | 29.25 | 0 | 0.0 |
| 20Q1 (2) | -0.80 | 27.27 | 0.0 | 14.02 | 125.04 | 0.0 | -24.57 | -10.03 | 0.0 | -30.90 | -15.08 | 0.0 | -31.50 | -19.77 | 0.0 | -4.15 | 23.85 | 0.0 | -2.56 | 25.58 | 0.0 | 0.08 | -38.46 | 0.0 | -20.37 | 1.12 | 0.0 | 53.55 | -7.26 | 0.0 | 80.00 | -4.0 | 0.0 | 20.00 | 20.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.10 | 0.0 | 0.0 | 6.23 | 0.0 | 0.0 | -22.33 | 0.0 | 0.0 | -26.85 | 0.0 | 0.0 | -26.30 | 0.0 | 0.0 | -5.45 | 0.0 | 0.0 | -3.44 | 0.0 | 0.0 | 0.13 | 0.0 | 0.0 | -20.60 | 0.0 | 0.0 | 57.74 | 0.0 | 0.0 | 83.33 | 0.0 | 0.0 | 16.67 | 0.0 | 0.0 | 21.91 | 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) | -0.25 | 0 | 23.96 | -3.62 | -20.78 | 0 | 2.57 | 30.28 | -10.60 | 0 | -10.15 | 0 | -5.93 | 0 | -2.65 | 0 | 0.33 | -17.5 | -4.29 | 0 | 99.76 | 73.98 | 195.16 | 106.92 | -95.16 | 0 | 2.61 | -37.9 | 36.52 | 7.25 |
| 2022 (9) | -1.44 | 0 | 24.86 | 18.16 | -14.89 | 0 | 1.97 | 19.15 | -15.73 | 0 | -16.99 | 0 | -10.02 | 0 | -6.60 | 0 | 0.40 | -18.37 | -12.03 | 0 | 57.34 | 41.72 | 94.32 | 0 | 5.68 | -99.77 | 4.20 | 274.94 | 34.05 | 27.62 |
| 2021 (8) | -0.22 | 0 | 21.04 | 299.24 | -9.92 | 0 | 1.66 | -73.36 | 0.36 | 0 | -1.97 | 0 | -1.50 | 0 | -0.71 | 0 | 0.49 | 28.95 | 3.59 | 0 | 40.46 | -41.2 | -2400.00 | 0 | 2466.67 | 54735.9 | 1.12 | -14.48 | 26.68 | -19.74 |
| 2020 (7) | -4.74 | 0 | 5.27 | -60.7 | -40.86 | 0 | 6.22 | 9.74 | -42.74 | 0 | -44.89 | 0 | -27.43 | 0 | -16.51 | 0 | 0.38 | -13.64 | -34.07 | 0 | 68.81 | 19.17 | 95.50 | 8.7 | 4.50 | -61.09 | 1.31 | -6.84 | 33.24 | 41.45 |
| 2019 (6) | -2.75 | 0 | 13.41 | 6.09 | -15.71 | 0 | 5.67 | 8.91 | -17.80 | 0 | -18.14 | 0 | -12.95 | 0 | -7.66 | 0 | 0.44 | 12.82 | -10.72 | 0 | 57.74 | -16.11 | 87.86 | -35.91 | 11.56 | 0 | 1.41 | 32.91 | 23.50 | -3.61 |
| 2018 (5) | -2.52 | 0 | 12.64 | -3.81 | -20.31 | 0 | 5.21 | 44.43 | -14.85 | 0 | -15.85 | 0 | -10.40 | 0 | -5.98 | 0 | 0.39 | -26.42 | -8.25 | 0 | 68.83 | 3.64 | 137.09 | 29.82 | -37.09 | 0 | 1.06 | 0 | 24.38 | 39.39 |
| 2017 (4) | -1.87 | 0 | 13.14 | -6.68 | -8.83 | 0 | 3.60 | 13.39 | -8.35 | 0 | -7.98 | 0 | -6.92 | 0 | -4.07 | 0 | 0.53 | -14.52 | -3.94 | 0 | 66.41 | 8.02 | 105.60 | 0 | -5.60 | 0 | 0.00 | 0 | 17.49 | 6.78 |
| 2016 (3) | 0.01 | 0 | 14.08 | -22.3 | -5.32 | 0 | 3.18 | -5.92 | 0.60 | 500.0 | 0.02 | 0 | 0.02 | 0 | 0.15 | 50.0 | 0.62 | 10.71 | 4.41 | 11.93 | 61.48 | 28.19 | -863.64 | 0 | 963.64 | -33.54 | 0.00 | 0 | 16.38 | 4.4 |
| 2015 (2) | -0.02 | 0 | 18.12 | -11.87 | -1.69 | 0 | 3.38 | 5.14 | 0.10 | -96.99 | -0.09 | 0 | -0.07 | 0 | 0.10 | -93.24 | 0.56 | 14.29 | 3.94 | -46.03 | 47.96 | 12.0 | -1350.00 | 0 | 1450.00 | 650.0 | 0.00 | 0 | 15.69 | -10.39 |
| 2014 (1) | 0.55 | -12.7 | 20.56 | 0 | -3.02 | 0 | 3.21 | 90.61 | 3.32 | 0 | 2.56 | 0 | 1.78 | 0 | 1.48 | 0 | 0.49 | -5.77 | 7.30 | 15.87 | 42.82 | 5.34 | -91.11 | 0 | 193.33 | 14.24 | 0.00 | 0 | 17.51 | 5.8 |
