- 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 | 2.38 | -215.38 | 73.02 | 3.41 | 191.15 | -801.76 | -7.82 | -27.92 | -1905.16 | 7.37 | -169.78 | -1905.16 | 7.37 | -169.78 | -10.54 | -4.15 | -376.92 | -9.70 | -4.64 | -359.72 | 0.01 | 0 | 0 | -1650.00 | 0.0 | -266.67 | 5.97 | -40.18 | 42.82 | 42.86 | 18.68 | -52.86 | 57.14 | -10.56 | 528.57 | 498.41 | -1.8 | -11.72 |
| 24Q2 (19) | -0.42 | -82.61 | -121.05 | 70.61 | 10.43 | 216.29 | -743.63 | 4.12 | 67.69 | -2056.72 | -77.44 | -5.33 | -2056.72 | -77.44 | -5.33 | -10.12 | -100.79 | -227.51 | -9.27 | -96.4 | -216.38 | 0.00 | 0 | 0 | -1650.00 | -83.33 | -17.86 | 9.98 | 59.17 | 96.84 | 36.11 | -44.44 | -69.31 | 63.89 | 82.54 | 462.04 | 507.52 | -4.17 | -53.8 |
| 24Q1 (18) | -0.23 | 54.0 | -15.0 | 63.94 | 47.36 | 1642.23 | -775.55 | 35.78 | 41.13 | -1159.10 | 61.47 | 26.44 | -1159.10 | 61.47 | 26.44 | -5.04 | 46.44 | -64.17 | -4.72 | 44.34 | -61.64 | 0.00 | 0 | 0 | -900.00 | 76.32 | 40.0 | 6.27 | -14.23 | 22.22 | 65.00 | 64.41 | -21.07 | 35.00 | -42.12 | 98.33 | 529.58 | -17.85 | -43.58 |
| 23Q4 (17) | -0.50 | -284.62 | -117.39 | 43.39 | 73.01 | 126.75 | -1207.63 | -92.68 | 47.71 | -3008.33 | -326.0 | -39.94 | -3008.33 | -326.0 | -39.94 | -9.41 | -325.79 | -180.06 | -8.48 | -301.9 | -165.83 | 0.00 | 0 | 0 | -3800.00 | -744.44 | -100.0 | 7.31 | 74.88 | 43.33 | 39.53 | -56.51 | -62.18 | 60.47 | 565.12 | 765.12 | 644.65 | 14.18 | -55.24 |
| 23Q3 (16) | -0.13 | 31.58 | 68.29 | 25.08 | 141.3 | 108.1 | -626.76 | 72.77 | 86.29 | -706.18 | 63.83 | 89.4 | -706.18 | 63.83 | 89.4 | -2.21 | 28.48 | 48.96 | -2.11 | 27.99 | 48.66 | 0.00 | 0 | 0 | -450.00 | 67.86 | 86.36 | 4.18 | -17.55 | -13.46 | 90.91 | -22.73 | 32.58 | 9.09 | 151.52 | -71.07 | 564.57 | -48.61 | -76.92 |
| 23Q2 (15) | -0.19 | 5.0 | -134.55 | -60.72 | -1754.5 | 64.49 | -2301.40 | -74.7 | -141.45 | -1952.56 | -23.91 | -131.69 | -1952.56 | -23.91 | -131.69 | -3.09 | -0.65 | -161.8 | -2.93 | -0.34 | -165.11 | 0.00 | 0 | 0 | -1400.00 | 6.67 | -129.17 | 5.07 | -1.17 | -2.87 | 117.65 | 42.86 | 31.99 | -17.65 | -200.0 | -262.35 | 1098.60 | 17.05 | -22.93 |
| 23Q1 (14) | -0.20 | 13.04 | -146.51 | 3.67 | 102.26 | 102.84 | -1317.31 | 42.96 | 54.58 | -1575.73 | 26.7 | -128.42 | -1575.73 | 26.7 | -128.42 | -3.07 | 8.63 | -193.88 | -2.92 | 8.46 | -209.77 | 0.00 | 0 | 0 | -1500.00 | 21.05 | -139.47 | 5.13 | 0.59 | -69.37 | 82.35 | -21.23 | 260.13 | 17.65 | 294.12 | -88.56 | 938.57 | -34.83 | -65.81 |
| 22Q4 (13) | -0.23 | 43.9 | 94.44 | -162.20 | 47.61 | 82.15 | -2309.52 | 49.47 | 86.57 | -2149.80 | 67.74 | 98.82 | -2149.80 | 67.74 | 98.82 | -3.36 | 22.4 | 88.28 | -3.19 | 22.38 | 85.38 | 0.00 | 0 | 0 | -1900.00 | 42.42 | 0 | 5.10 | 5.59 | -85.34 | 104.55 | 52.46 | 1014.06 | -9.09 | -128.93 | -110.03 | 1440.18 | -41.12 | -82.57 |
| 22Q3 (12) | -0.41 | -174.55 | -2.5 | -309.60 | -81.06 | 26.21 | -4570.25 | -182.32 | 16.25 | -6663.92 | -208.15 | 23.24 | -6663.92 | -208.15 | 23.24 | -4.33 | -186.6 | -9.62 | -4.11 | -191.33 | -47.84 | 0.00 | 0 | 0 | -3300.00 | -168.75 | 0 | 4.83 | -7.47 | -82.15 | 68.57 | -23.07 | 9.09 | 31.43 | 189.14 | -15.38 | 2446.07 | 71.59 | -29.56 |
| 22Q2 (11) | 0.55 | 27.91 | 146.61 | -170.99 | -32.25 | -81.61 | 5551.96 | 291.45 | 579.06 | 6161.94 | 11.13 | 224.27 | 6161.94 | 11.13 | 224.27 | 5.00 | 52.91 | 128.0 | 4.50 | 69.17 | 139.23 | 0.00 | 0 | 0 | 4800.00 | 26.32 | 197.96 | 5.22 | -68.84 | -90.67 | 89.13 | 273.31 | 278.8 | 10.87 | -92.95 | -85.79 | 1425.51 | -48.08 | 92.52 |
| 22Q1 (10) | 0.43 | 110.39 | 230.3 | -129.29 | 85.77 | -53.19 | -2900.00 | 83.14 | 37.32 | 5545.04 | 103.04 | 195.49 | 5545.04 | 103.04 | 195.49 | 3.27 | 111.41 | 160.11 | 2.66 | 112.19 | 176.0 | 0.00 | 0 | 0 | 3800.00 | 0 | 235.71 | 16.75 | -51.85 | -67.61 | -51.43 | -648.04 | -165.83 | 154.29 | 70.26 | 722.86 | 2745.35 | -66.77 | -22.11 |
| 21Q4 (9) | -4.14 | -935.0 | -121.39 | -908.56 | -116.56 | -2859.06 | -17201.60 | -215.22 | -1342.2 | -182266.00 | -1999.43 | -5461.93 | -182266.00 | -1999.43 | -5461.93 | -28.66 | -625.57 | -20.93 | -21.82 | -684.89 | -33.21 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 34.79 | 28.57 | -27.63 | 9.38 | -85.07 | -74.32 | 90.62 | 143.97 | 42.79 | 8260.43 | 137.88 | 1839.39 |
| 21Q3 (8) | -0.40 | 66.1 | 62.96 | -419.55 | -345.62 | 0 | -5456.93 | -370.86 | 0 | -8681.68 | -75.09 | 0 | -8681.68 | -75.09 | 0 | -3.95 | 77.88 | 66.21 | -2.78 | 75.76 | 66.71 | 0.00 | 0 | 0 | 0.00 | 100.0 | -100.0 | 27.06 | -51.61 | -32.28 | 62.86 | 167.14 | 78.43 | 37.14 | -51.43 | -42.66 | 3472.52 | 368.97 | 256.63 |
| 21Q2 (7) | -1.18 | -257.58 | -410.53 | -94.15 | -11.55 | -194.61 | -1158.92 | 74.95 | 43.16 | -4958.53 | 14.61 | -421.31 | -4958.53 | 14.61 | -421.31 | -17.86 | -228.31 | -546.5 | -11.47 | -227.71 | -494.16 | 0.00 | 0 | 0 | -4900.00 | -75.0 | -372.22 | 55.92 | 8.14 | 55.2 | 23.53 | -69.88 | 117.79 | 76.47 | 307.84 | -67.53 | 740.45 | -78.99 | 0 |
| 21Q1 (6) | -0.33 | 82.35 | 37.74 | -84.40 | -356.3 | -184.86 | -4626.61 | -287.9 | -261.29 | -5806.97 | -77.2 | -178.04 | -5806.97 | -77.2 | -178.04 | -5.44 | 77.05 | -2.06 | -3.50 | 78.63 | -5.74 | 0.00 | -100.0 | 0 | -2800.00 | 7.89 | -51.35 | 51.71 | 7.57 | -7.15 | 78.12 | 113.82 | 29.21 | 18.75 | -70.45 | -49.61 | 3524.77 | 727.55 | 0 |
| 20Q4 (5) | -1.87 | -73.15 | 54.17 | 32.93 | 0 | -66.89 | -1192.73 | 0 | -42.12 | -3277.03 | 0 | 79.16 | -3277.03 | 0 | 79.16 | -23.70 | -102.74 | 29.11 | -16.38 | -96.17 | 30.83 | 0.01 | 0 | 0 | -3040.00 | -136.19 | 81.12 | 48.07 | 20.3 | 3.15 | 36.54 | 3.72 | 604.98 | 63.46 | -2.02 | -32.85 | 425.93 | 119.21 | 0 |
| 20Q3 (4) | -1.08 | -384.21 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | -11.69 | -392.25 | 0.0 | -8.35 | -386.94 | 0.0 | 0.00 | 0 | 0.0 | 8400.00 | 366.67 | 0.0 | 39.96 | 10.91 | 0.0 | 35.23 | 126.64 | 0.0 | 64.77 | -72.49 | 0.0 | -2217.03 | 0 | 0.0 |
| 20Q2 (3) | 0.38 | 171.7 | 0.0 | 99.51 | 0.05 | 0.0 | -2038.81 | -59.21 | 0.0 | 1543.24 | 173.89 | 0.0 | 1543.24 | 173.89 | 0.0 | 4.00 | 175.05 | 0.0 | 2.91 | 187.92 | 0.0 | 0.00 | 0 | 0.0 | 1800.00 | 197.3 | 0.0 | 36.03 | -35.3 | 0.0 | -132.26 | -318.73 | 0.0 | 235.48 | 532.86 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.53 | 87.01 | 0.0 | 99.46 | -0.01 | 0.0 | -1280.57 | -52.59 | 0.0 | -2088.52 | 86.72 | 0.0 | -2088.52 | 86.72 | 0.0 | -5.33 | 84.06 | 0.0 | -3.31 | 86.02 | 0.0 | 0.00 | 0 | 0.0 | -1850.00 | 88.51 | 0.0 | 55.69 | 19.51 | 0.0 | 60.47 | 1066.62 | 0.0 | 37.21 | -60.63 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (1) | -4.08 | 0.0 | 0.0 | 99.47 | 0.0 | 0.0 | -839.23 | 0.0 | 0.0 | -15722.90 | 0.0 | 0.0 | -15722.90 | 0.0 | 0.0 | -33.43 | 0.0 | 0.0 | -23.68 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -16100.00 | 0.0 | 0.0 | 46.60 | 0.0 | 0.0 | 5.18 | 0.0 | 0.0 | 94.51 | 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) | -1.03 | 0 | 10.90 | 0 | -1232.65 | 0 | 160.00 | -40.0 | -1772.91 | 0 | -1772.91 | 0 | -18.59 | 0 | -17.09 | 0 | 0.01 | 0 | -1520.00 | 0 | 7.31 | 43.33 | 69.32 | 0 | 30.68 | -84.97 | 0.45 | 24.94 | 760.45 | -60.02 |
| 2022 (9) | 0.33 | 0 | -183.68 | 0 | -838.76 | 0 | 266.67 | -11.11 | 842.75 | 0 | 842.75 | 0 | 2.88 | 0 | 2.42 | 0 | 0.00 | 0 | 1133.33 | 0 | 5.10 | -85.34 | -100.00 | 0 | 204.17 | 155.96 | 0.36 | 467.99 | 1902.13 | -5.07 |
| 2021 (8) | -6.09 | 0 | -181.49 | 0 | -3237.42 | 0 | 300.00 | 242.86 | -15975.80 | 0 | -15975.80 | 0 | -57.69 | 0 | -41.02 | 0 | 0.00 | 0 | -16466.67 | 0 | 34.79 | -27.63 | 20.24 | -66.06 | 79.76 | 97.51 | 0.06 | -44.27 | 2003.76 | 70.05 |
| 2020 (7) | -3.15 | 0 | 53.73 | -45.98 | -1960.62 | 0 | 87.50 | 0.0 | -3284.72 | 0 | -3284.72 | 0 | -36.72 | 0 | -24.25 | 0 | 0.01 | 0.0 | -3037.50 | 0 | 48.07 | 2.47 | 59.62 | 145.39 | 40.38 | -46.52 | 0.11 | 37.73 | 1178.37 | 43.83 |
| 2019 (6) | -6.61 | 0 | 99.47 | 0.02 | -1557.51 | 0 | 87.50 | 40.0 | -6393.83 | 0 | -6393.83 | 0 | -47.42 | 0 | -34.54 | 0 | 0.01 | 0 | -6375.00 | 0 | 46.91 | 71.58 | 24.29 | -34.69 | 75.52 | 20.25 | 0.08 | -25.58 | 819.29 | -8.51 |
| 2018 (5) | -3.15 | 0 | 99.45 | -0.21 | -1149.19 | 0 | 62.50 | 125.0 | -3082.04 | 0 | -3082.04 | 0 | -16.64 | 0 | -13.00 | 0 | 0.00 | 0 | -2925.00 | 0 | 27.34 | 32.27 | 37.20 | 146.92 | 62.80 | -26.06 | 0.11 | 0 | 895.52 | 209.72 |
| 2017 (4) | -5.84 | 0 | 99.66 | 0.22 | -384.73 | 0 | 27.78 | 75.93 | -2541.61 | 0 | -2541.61 | 0 | -24.68 | 0 | -21.36 | 0 | 0.01 | 0.0 | -2483.33 | 0 | 20.67 | 112.22 | 15.07 | -77.29 | 84.93 | 150.04 | 0.00 | 0 | 289.14 | 48.67 |
| 2016 (3) | -3.22 | 0 | 99.44 | 1.59 | -365.37 | 0 | 15.79 | -62.35 | -552.19 | 0 | -552.19 | 0 | -8.89 | 0 | -7.85 | 0 | 0.01 | 0.0 | -340.35 | 0 | 9.74 | -12.65 | 66.35 | -31.96 | 33.97 | 1264.39 | 0.00 | 0 | 194.48 | -25.08 |
| 2015 (2) | -2.23 | 0 | 97.88 | 0.97 | -752.64 | 0 | 41.94 | -23.75 | -771.33 | 0 | -769.36 | 0 | -8.41 | 0 | -6.93 | 0 | 0.01 | -50.0 | -448.39 | 0 | 11.15 | -77.45 | 97.51 | 0.12 | 2.49 | -28.42 | 0.00 | 0 | 259.60 | -7.86 |
| 2014 (1) | -1.74 | 0 | 96.94 | 0 | -549.00 | 0 | 55.00 | 0 | -566.61 | 0 | -569.64 | 0 | -14.09 | 0 | -9.47 | 0 | 0.02 | 0 | -470.00 | 0 | 49.45 | 74.8 | 97.39 | 0 | 3.48 | -98.11 | 0.00 | 0 | 281.75 | -97.45 |
