- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q2 (20) | -0.18 | -38.46 | -125.0 | -542.34 | 37.15 | 48.76 | -3801.80 | 23.22 | 76.5 | -3006.31 | 1.85 | 96.98 | -3006.31 | 1.85 | 88.24 | -5.69 | -41.19 | 88.61 | -4.70 | -41.57 | 85.41 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 20.28 | 4.59 | -16.2 | 133.33 | -33.33 | 700.0 | -33.33 | 66.67 | -140.0 | 1657.66 | -22.21 | -78.48 |
| 24Q1 (19) | -0.13 | -186.67 | 27.78 | -862.96 | 10.96 | 0 | -4951.85 | 68.63 | 0 | -3062.96 | -107.4 | 0 | -3062.96 | -107.4 | 0 | -4.03 | -121.48 | 85.52 | -3.32 | -121.5 | 76.75 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.39 | -3.53 | -80.13 | 200.00 | 650.0 | 420.0 | -100.00 | -173.33 | -262.5 | 2130.86 | -70.26 | 0 |
| 23Q4 (18) | 0.15 | 400.0 | 314.29 | -969.23 | -73.23 | -1512.87 | -15784.60 | -50.5 | -46966.39 | 41384.60 | 616.08 | 1139971.63 | 41384.60 | 616.08 | 104897.67 | 18.76 | 399.2 | 2245.0 | 15.44 | 408.18 | 3051.02 | 0.00 | 0 | -100.0 | 0.00 | 0 | -100.0 | 20.10 | -21.39 | -78.12 | -36.36 | -127.27 | 0 | 136.36 | 509.09 | 0 | 7165.38 | 79.56 | 36180.41 |
| 23Q3 (17) | -0.05 | 37.5 | 50.0 | -559.52 | 47.13 | 57.21 | -10488.10 | 35.16 | 9.25 | -8019.05 | 91.93 | 5.59 | -8019.05 | 68.64 | 5.59 | -6.27 | 87.45 | 49.52 | -5.01 | 84.45 | 26.32 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 25.57 | 5.66 | -67.59 | 133.33 | 700.0 | -3.03 | -33.33 | -140.0 | 11.11 | 3990.48 | -48.2 | 59.83 |
| 23Q2 (16) | -0.08 | 55.56 | 0 | -1058.33 | 0 | 63.74 | -16175.00 | 0 | -106.41 | -99420.80 | 0 | -1254.48 | -25570.80 | 0 | -248.37 | -49.97 | -79.49 | -195.33 | -32.21 | -125.56 | -284.83 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 24.20 | -75.19 | -70.84 | 16.67 | -56.67 | 0 | 83.33 | 35.42 | 0 | 7704.17 | 0 | 441.23 |
| 23Q1 (15) | -0.18 | -157.14 | -200.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 0.00 | -100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -27.84 | -3580.0 | -401.62 | -14.28 | -3014.29 | -462.2 | 0.00 | -100.0 | 0 | 0.00 | -100.0 | 0 | 97.56 | 6.21 | -16.51 | 38.46 | 0 | -74.36 | 61.54 | 0 | 223.08 | 0.00 | -100.0 | -100.0 |
| 22Q4 (14) | -0.07 | 30.0 | 72.0 | 68.60 | 105.25 | 169.94 | 33.68 | 100.29 | 105.09 | 3.63 | 100.04 | 100.57 | -39.49 | 99.54 | 93.8 | 0.80 | 106.44 | 103.6 | 0.49 | 107.21 | 104.32 | 0.12 | 0 | 500.0 | 16.67 | 0 | 102.94 | 91.86 | 16.43 | -20.28 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 19.75 | -99.21 | -75.73 |
| 22Q3 (13) | -0.10 | 0 | 64.29 | -1307.69 | 55.19 | -936.78 | -11557.10 | -47.48 | -4145.5 | -8493.41 | -15.71 | -2131.17 | -8493.41 | -15.71 | -2131.17 | -12.42 | 26.6 | 37.78 | -6.80 | 18.76 | 41.68 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 78.90 | -4.93 | 0.55 | 137.50 | 0 | 92.5 | -37.50 | 0 | -231.25 | 2496.70 | 75.4 | 3873.74 |
| 22Q2 (12) | 0.00 | 100.0 | 100.0 | -2918.52 | -4299.91 | -246.93 | -7836.42 | -385.07 | -520.57 | -7340.12 | -523.87 | -267.72 | -7340.12 | -523.87 | -267.72 | -16.92 | -204.86 | 60.3 | -8.37 | -229.53 | 71.24 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 82.99 | -28.98 | 29.33 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | -100.0 | 1423.46 | 101.0 | 1169.25 |
| 22Q1 (11) | -0.06 | 76.0 | 71.43 | 69.49 | 170.85 | 2657.54 | -1615.54 | -144.09 | -1118.63 | -1176.55 | -84.6 | -416.39 | -1176.55 | -84.6 | -416.39 | -5.55 | 75.0 | 33.13 | -2.54 | 77.58 | 60.31 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 116.85 | 1.41 | 235.01 | 150.00 | 50.0 | 166.67 | -50.00 | -850.0 | -214.29 | 708.19 | 770.44 | 894.37 |
| 21Q4 (10) | -0.25 | 10.71 | 77.27 | -98.08 | 22.24 | 72.17 | -661.87 | -143.14 | -3.25 | -637.35 | -67.43 | 65.19 | -637.35 | -67.43 | 65.19 | -22.20 | -11.22 | 31.96 | -11.33 | 2.83 | 59.02 | 0.02 | -33.33 | 0.0 | -566.67 | -49.12 | 68.52 | 115.23 | 46.85 | 381.73 | 100.00 | 40.0 | 185.19 | -5.26 | -118.42 | -108.11 | 81.36 | 29.49 | -12.56 |
| 21Q3 (9) | -0.28 | 67.44 | -133.33 | -126.13 | 85.01 | -1512.43 | -272.22 | 78.44 | -212.47 | -380.67 | 80.93 | -436.99 | -380.67 | 80.93 | -436.99 | -19.96 | 53.17 | -521.81 | -11.66 | 59.93 | -322.46 | 0.03 | 200.0 | -25.0 | -380.00 | 81.0 | -1040.11 | 78.47 | 22.28 | 478.69 | 71.43 | 12.5 | -41.56 | 28.57 | -21.74 | 228.57 | 62.83 | -43.98 | 26.19 |
| 21Q2 (8) | -0.86 | -309.52 | -405.88 | -841.25 | -33482.94 | -223.66 | -1262.78 | -852.54 | -17.38 | -1996.10 | -776.1 | -111.18 | -1996.10 | -776.1 | -111.18 | -42.62 | -413.49 | -836.7 | -29.10 | -354.69 | -642.35 | 0.01 | -66.67 | 0 | -2000.00 | -976.95 | -150.0 | 64.17 | 83.97 | 298.82 | 63.49 | 12.87 | -41.39 | 36.51 | -16.55 | 319.05 | 112.15 | 57.47 | 0 |
| 21Q1 (7) | -0.21 | 80.91 | -23.53 | 2.52 | 100.71 | 102.11 | -132.57 | 79.32 | 85.08 | -227.84 | 87.55 | 71.22 | -227.84 | 87.55 | 71.22 | -8.30 | 74.56 | -89.07 | -6.40 | 76.85 | -68.42 | 0.03 | 50.0 | 0 | -185.71 | 89.68 | 76.79 | 34.88 | 45.82 | 173.57 | 56.25 | 60.42 | -48.44 | 43.75 | -32.62 | 581.25 | 71.22 | -23.46 | 0 |
| 20Q4 (6) | -1.10 | -816.67 | -0.92 | -352.45 | -4046.81 | 50.48 | -641.05 | -635.82 | 31.09 | -1830.68 | -2482.42 | -10.89 | -1830.68 | -2482.42 | -11.37 | -32.63 | -916.51 | -32.75 | -27.65 | -901.81 | -79.66 | 0.02 | -50.0 | 100.0 | -1800.00 | -5300.54 | -14.29 | 23.92 | 76.4 | 68.33 | 35.06 | -71.31 | -38.42 | 64.94 | 392.21 | 50.82 | 93.05 | 86.88 | -30.07 |
| 20Q3 (5) | -0.12 | 29.41 | 84.42 | 8.93 | 103.44 | 100.21 | -87.12 | 91.9 | 98.42 | -70.89 | 92.5 | 98.91 | -70.89 | 92.5 | 98.91 | -3.21 | 29.45 | 77.41 | -2.76 | 29.59 | 64.02 | 0.04 | 0 | 0 | -33.33 | 95.83 | 99.1 | 13.56 | -15.72 | -85.14 | 122.22 | 12.82 | 44.96 | -22.22 | -33.33 | -241.67 | 49.79 | 0 | -93.61 |
| 20Q2 (4) | -0.17 | 0.0 | 0.0 | -259.92 | -117.89 | 0.0 | -1075.77 | -21.08 | 0.0 | -945.20 | -19.41 | 0.0 | -945.20 | -19.41 | 0.0 | -4.55 | -3.64 | 0.0 | -3.92 | -3.16 | 0.0 | 0.00 | 0 | 0.0 | -800.00 | 0.0 | 0.0 | 16.09 | 26.2 | 0.0 | 108.33 | -0.69 | 0.0 | -16.67 | -83.33 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (3) | -0.17 | 84.4 | 0.0 | -119.29 | 83.24 | 0.0 | -888.48 | 4.5 | 0.0 | -791.58 | 52.05 | 0.0 | -791.58 | 51.84 | 0.0 | -4.39 | 82.14 | 0.0 | -3.80 | 75.31 | 0.0 | 0.00 | -100.0 | 0.0 | -800.00 | 49.21 | 0.0 | 12.75 | -10.27 | 0.0 | 109.09 | 91.57 | 0.0 | -9.09 | -121.11 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (2) | -1.09 | -41.56 | 0.0 | -711.68 | 83.33 | 0.0 | -930.30 | 83.1 | 0.0 | -1650.85 | 74.69 | 0.0 | -1643.79 | 74.8 | 0.0 | -24.58 | -72.98 | 0.0 | -15.39 | -100.65 | 0.0 | 0.01 | 0 | 0.0 | -1575.00 | 57.43 | 0.0 | 14.21 | -84.42 | 0.0 | 56.94 | -32.46 | 0.0 | 43.06 | 174.48 | 0.0 | 133.07 | -82.91 | 0.0 |
| 19Q3 (1) | -0.77 | 0.0 | 0.0 | -4268.89 | 0.0 | 0.0 | -5504.63 | 0.0 | 0.0 | -6522.37 | 0.0 | 0.0 | -6522.37 | 0.0 | 0.0 | -14.21 | 0.0 | 0.0 | -7.67 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -3700.00 | 0.0 | 0.0 | 91.23 | 0.0 | 0.0 | 84.31 | 0.0 | 0.0 | 15.69 | 0.0 | 0.0 | 778.66 | 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) | -0.16 | 0 | -1113.04 | 0 | -19420.70 | 0 | 0.00 | 0 | -32072.80 | 0 | -13063.00 | 0 | -50.81 | 0 | -32.99 | 0 | 0.00 | 0 | 0.00 | 0 | 20.10 | -78.12 | 60.00 | -44.8 | 40.00 | 0 | 0.00 | 0 | 8601.09 | 11559.33 |
| 2022 (9) | -0.39 | 0 | 21.38 | 0 | -192.32 | 0 | 30.77 | -30.77 | -181.03 | 0 | -222.12 | 0 | -36.18 | 0 | -17.42 | 0 | 0.10 | 11.11 | -146.15 | 0 | 91.86 | -20.28 | 108.70 | 55.84 | -4.35 | 0 | 0.00 | 0 | 73.77 | -4.68 |
| 2021 (8) | -1.61 | 0 | -196.57 | 0 | -452.06 | 0 | 44.44 | -39.68 | -642.04 | 0 | -642.04 | 0 | -86.84 | 0 | -58.06 | 0 | 0.09 | 28.57 | -605.56 | 0 | 115.23 | 381.73 | 69.75 | 19.57 | 29.41 | -29.41 | 0.61 | -83.3 | 77.39 | -28.59 |
| 2020 (7) | -1.54 | 0 | -97.88 | 0 | -332.70 | 0 | 73.68 | -62.34 | -569.79 | 0 | -569.79 | 0 | -47.89 | 0 | -40.23 | 0 | 0.07 | 16.67 | -484.21 | 0 | 23.92 | 68.33 | 58.33 | -26.32 | 41.67 | 105.13 | 3.67 | 0 | 108.37 | 1.56 |
| 2019 (6) | -2.91 | 0 | -512.73 | 0 | -666.79 | 0 | 195.65 | 2750.93 | -839.83 | 0 | -838.48 | 0 | -54.64 | 0 | -49.10 | 0 | 0.06 | -71.43 | -626.09 | 0 | 14.21 | 73.08 | 79.17 | -27.43 | 20.31 | 0 | 0.00 | 0 | 106.71 | 248.04 |
| 2018 (5) | -1.60 | 0 | -50.07 | 0 | -105.61 | 0 | 6.86 | 802.45 | -96.36 | 0 | -96.66 | 0 | -21.60 | 0 | -20.10 | 0 | 0.21 | -51.16 | -89.22 | 0 | 8.21 | 27.88 | 109.09 | 29.73 | -9.09 | 0 | 0.00 | 0 | 30.66 | 333.05 |
| 2017 (4) | -0.70 | 0 | 0.36 | 350.0 | -14.03 | 0 | 0.76 | 10.08 | -16.69 | 0 | -16.66 | 0 | -7.44 | 0 | -7.14 | 0 | 0.43 | -50.0 | -15.97 | 0 | 6.42 | 139.55 | 84.09 | 59.09 | 15.91 | -67.25 | 0.00 | 0 | 7.08 | 85.83 |
| 2016 (3) | -1.16 | 0 | 0.08 | 0 | -6.32 | 0 | 0.69 | -33.99 | -12.14 | 0 | -12.11 | 0 | -10.63 | 0 | -10.38 | 0 | 0.86 | -42.67 | -11.40 | 0 | 2.68 | 29.47 | 52.86 | -27.09 | 48.57 | 82.14 | 0.00 | 0 | 3.81 | 33.68 |
| 2015 (2) | -1.24 | 0 | -2.97 | 0 | -8.29 | 0 | 1.05 | -30.38 | -11.38 | 0 | -11.38 | 0 | -17.52 | 0 | -17.07 | 0 | 1.50 | -24.24 | -10.28 | 0 | 2.07 | -31.0 | 72.50 | 1.08 | 26.67 | -5.68 | 0.00 | 0 | 2.85 | 19.75 |
| 2014 (1) | -2.22 | 0 | -1.42 | 0 | -7.65 | 0 | 1.50 | 129.33 | -10.64 | 0 | -11.62 | 0 | -25.58 | 0 | -22.82 | 0 | 1.98 | 46.67 | -9.02 | 0 | 3.00 | -83.31 | 71.73 | 56.21 | 28.27 | -47.72 | 0.00 | 0 | 2.38 | -5.18 |
