- 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) | -2.79 | -51.63 | 5.74 | -64.15 | -4212.18 | -42.05 | -366.72 | -135.02 | -15.67 | -397.92 | -125.06 | -18.44 | -397.92 | -125.06 | -18.44 | -43.71 | -33.42 | -14.57 | -15.56 | -20.15 | -5.49 | 0.04 | -42.86 | 0.0 | -340.00 | -126.67 | -13.33 | 187.14 | 11.13 | -3.6 | 95.00 | 6.88 | 2.6 | 10.00 | -10.0 | 35.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -1.84 | 23.65 | -87.76 | 1.56 | 106.49 | 101.8 | -156.04 | 29.46 | 40.86 | -176.81 | 25.61 | 33.87 | -176.81 | 25.61 | 33.87 | -32.76 | 17.73 | -24.0 | -12.95 | 14.07 | -35.04 | 0.07 | 16.67 | 75.0 | -150.00 | 32.5 | 35.71 | 168.39 | 26.49 | 31.04 | 88.89 | -2.65 | -11.11 | 11.11 | 27.78 | 0 | 120.65 | -21.64 | -20.84 |
| 24Q1 (18) | -2.41 | 13.93 | -56.49 | -24.02 | 86.13 | 63.28 | -221.21 | 50.59 | 14.84 | -237.68 | 41.67 | 11.77 | -237.68 | 41.81 | 11.55 | -39.82 | 7.09 | 29.02 | -15.07 | -4.58 | 3.71 | 0.06 | 50.0 | 0.0 | -222.22 | 36.51 | 3.38 | 133.13 | -30.35 | -44.7 | 91.30 | -19.23 | -5.04 | 8.70 | 200.0 | 126.09 | 153.97 | 35.32 | -21.09 |
| 23Q4 (17) | -2.80 | 5.41 | 22.01 | -173.23 | -283.59 | -85.51 | -447.67 | -41.2 | -42.61 | -407.48 | -21.28 | -38.36 | -408.47 | -21.58 | 30.92 | -42.86 | -12.35 | 51.84 | -14.41 | 2.31 | 49.69 | 0.04 | 0.0 | -20.0 | -350.00 | -16.67 | -57.5 | 191.14 | -1.54 | -28.14 | 113.04 | 22.09 | 5.25 | -8.70 | -217.39 | -17.39 | 113.78 | -54.8 | -44.93 |
| 23Q3 (16) | -2.96 | -202.04 | -90.97 | -45.16 | 47.92 | -745.14 | -317.04 | -20.15 | -118.53 | -335.97 | -25.67 | -104.98 | -335.97 | -25.67 | -104.87 | -38.15 | -44.4 | -51.45 | -14.75 | -53.81 | -49.44 | 0.04 | 0.0 | -33.33 | -300.00 | -28.57 | -116.67 | 194.12 | 51.07 | 12.32 | 92.59 | -7.41 | 7.21 | 7.41 | 0 | -18.52 | 251.70 | 65.15 | 137.68 |
| 23Q2 (15) | -0.98 | 36.36 | 28.99 | -86.71 | -32.54 | -274.22 | -263.87 | -1.58 | -815.9 | -267.35 | 0.76 | -804.74 | -267.35 | 0.51 | -802.29 | -26.42 | 52.91 | -43.59 | -9.59 | 38.72 | -16.81 | 0.04 | -33.33 | -85.71 | -233.33 | -1.45 | -792.28 | 128.50 | -46.62 | -5.98 | 100.00 | 4.0 | 0.0 | -0.00 | -100.0 | 0 | 152.41 | -21.89 | 576.78 |
| 23Q1 (14) | -1.54 | 57.1 | 3.14 | -65.42 | 29.94 | -277.87 | -259.76 | 17.25 | -294.23 | -269.39 | 8.53 | -224.8 | -268.72 | 54.56 | -223.72 | -56.10 | 36.96 | -195.57 | -15.65 | 45.36 | -70.48 | 0.06 | 20.0 | -45.45 | -230.00 | -3.5 | -210.52 | 240.72 | -9.5 | 121.29 | 96.15 | -10.48 | 24.43 | 3.85 | 151.92 | -83.08 | 195.13 | -5.56 | 222.1 |
| 22Q4 (13) | -3.59 | -131.61 | -35.98 | -93.38 | -1434.0 | -366.65 | -313.92 | -116.38 | -195.98 | -294.51 | -79.69 | -12.5 | -591.32 | -260.58 | -125.91 | -88.99 | -253.28 | -238.11 | -28.64 | -190.17 | -105.3 | 0.05 | -16.67 | 0.0 | -222.22 | -60.49 | 11.11 | 266.00 | 53.91 | 160.53 | 107.41 | 24.37 | 157.78 | -7.41 | -181.48 | -112.7 | 206.62 | 95.11 | 133.68 |
| 22Q3 (12) | -1.55 | -12.32 | -143.18 | 7.00 | -85.94 | -37.89 | -145.08 | -403.58 | 12.76 | -163.90 | -454.65 | -130.45 | -163.99 | -453.46 | -130.47 | -25.19 | -36.9 | -167.23 | -9.87 | -20.22 | -150.41 | 0.06 | -78.57 | 50.0 | -138.46 | -429.48 | -124.43 | 172.83 | 26.45 | 125.45 | 86.36 | -13.64 | 382.12 | 9.09 | 0 | -93.04 | 105.90 | 370.25 | -34.48 |
| 22Q2 (11) | -1.38 | 13.21 | -193.62 | 49.77 | 35.32 | 369.97 | -28.81 | 56.28 | 83.27 | -29.55 | 64.37 | 58.79 | -29.63 | 64.31 | 58.84 | -18.40 | 3.06 | -220.56 | -8.21 | 10.57 | -206.34 | 0.28 | 154.55 | 600.0 | -26.15 | 64.7 | 41.16 | 136.68 | 25.65 | 19.57 | 100.00 | 29.41 | -60.0 | -0.00 | -100.0 | 100.0 | 22.52 | -62.83 | -86.01 |
| 22Q1 (10) | -1.59 | 39.77 | -220.45 | 36.78 | 5.03 | 231.65 | -65.89 | 37.87 | 58.59 | -82.94 | 68.32 | -144.3 | -83.01 | 68.29 | -144.99 | -18.98 | 27.89 | -215.73 | -9.18 | 34.19 | -216.94 | 0.11 | 120.0 | 175.0 | -74.07 | 70.37 | -137.03 | 108.78 | 6.54 | 5.62 | 77.27 | 85.45 | 192.73 | 22.73 | -61.04 | -87.97 | 60.58 | -31.49 | -59.47 |
| 21Q4 (9) | -2.64 | -173.54 | 24.57 | 35.02 | 210.74 | 349.08 | -106.06 | 36.22 | 37.71 | -261.79 | -148.64 | 41.79 | -261.75 | -148.64 | 41.77 | -26.32 | -170.24 | 31.71 | -13.95 | -171.25 | 27.49 | 0.05 | 25.0 | 25.0 | -250.00 | -144.12 | 37.5 | 102.10 | 33.19 | -15.13 | 41.67 | 236.11 | 11.11 | 58.33 | -55.34 | -6.67 | 88.42 | -45.29 | -23.02 |
| 21Q3 (8) | 3.59 | 863.83 | 194.26 | 11.27 | 6.42 | 280.61 | -166.30 | 3.42 | -24.01 | 538.21 | 850.54 | 1973.99 | 538.15 | 847.64 | 460.92 | 37.47 | 752.79 | 1221.86 | 19.58 | 830.6 | 1469.23 | 0.04 | 0.0 | -20.0 | 566.67 | 1375.14 | 0 | 76.66 | -32.94 | -10.32 | -30.61 | -112.24 | -106.12 | 130.61 | 187.07 | 132.65 | 161.62 | 0.4 | 75.58 |
| 21Q2 (7) | -0.47 | -135.61 | -2.17 | 10.59 | -4.51 | -70.33 | -172.18 | -8.21 | -595.4 | -71.71 | -138.3 | -1.62 | -71.98 | -139.02 | 44.3 | -5.74 | -135.0 | 39.71 | -2.68 | -134.14 | 23.21 | 0.04 | 0.0 | -20.0 | -44.44 | -122.22 | -68.84 | 114.31 | 10.99 | -34.76 | 250.00 | 400.0 | 550.0 | -150.00 | -179.41 | -316.67 | 160.98 | 7.71 | 0 |
| 21Q1 (6) | 1.32 | 137.71 | 255.29 | 11.09 | 178.88 | -46.37 | -159.11 | 6.55 | -156.88 | 187.22 | 141.63 | 360.43 | 184.49 | 141.04 | 352.28 | 16.40 | 142.55 | 179.77 | 7.85 | 140.8 | 187.03 | 0.04 | 0.0 | -66.67 | 200.00 | 150.0 | 509.08 | 102.99 | -14.39 | -29.62 | -83.33 | -322.22 | -195.24 | 188.89 | 202.22 | 1411.11 | 149.46 | 30.12 | 119.73 |
| 20Q4 (5) | -3.50 | -386.89 | 12.94 | -14.06 | -125.32 | -4.93 | -170.26 | -26.96 | -60.29 | -449.77 | -1466.05 | -98.08 | -449.49 | -568.51 | -88.77 | -38.54 | -1053.89 | 32.73 | -19.24 | -1245.45 | 40.27 | 0.04 | -20.0 | -71.43 | -400.00 | 0 | -91.6 | 120.30 | 40.73 | 11.22 | 37.50 | -92.5 | -19.37 | 62.50 | 115.62 | 16.85 | 114.86 | 24.78 | 105.69 |
| 20Q3 (4) | 1.22 | 365.22 | 0.0 | -6.24 | -117.48 | 0.0 | -134.10 | -441.6 | 0.0 | -28.72 | 59.3 | 0.0 | 95.94 | 174.25 | 0.0 | -3.34 | 64.92 | 0.0 | -1.43 | 59.03 | 0.0 | 0.05 | 0.0 | 0.0 | 0.00 | 100.0 | 0.0 | 85.48 | -51.22 | 0.0 | 500.00 | 1200.0 | 0.0 | -400.00 | -677.78 | 0.0 | 92.05 | 0 | 0.0 |
| 20Q2 (3) | -0.46 | 45.88 | 0.0 | 35.69 | 72.58 | 0.0 | -24.76 | 60.03 | 0.0 | -70.57 | 1.84 | 0.0 | -129.22 | -76.7 | 0.0 | -9.52 | 53.7 | 0.0 | -3.49 | 61.31 | 0.0 | 0.05 | -58.33 | 0.0 | -26.32 | 46.16 | 0.0 | 175.22 | 19.73 | 0.0 | 38.46 | -56.04 | 0.0 | 69.23 | 453.85 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.85 | 78.86 | 0.0 | 20.68 | 254.33 | 0.0 | -61.94 | 41.69 | 0.0 | -71.89 | 68.34 | 0.0 | -73.13 | 69.29 | 0.0 | -20.56 | 64.11 | 0.0 | -9.02 | 72.0 | 0.0 | 0.12 | -14.29 | 0.0 | -48.89 | 76.58 | 0.0 | 146.34 | 35.3 | 0.0 | 87.50 | 88.12 | 0.0 | 12.50 | -76.63 | 0.0 | 68.02 | 21.81 | 0.0 |
| 19Q4 (1) | -4.02 | 0.0 | 0.0 | -13.40 | 0.0 | 0.0 | -106.22 | 0.0 | 0.0 | -227.07 | 0.0 | 0.0 | -238.12 | 0.0 | 0.0 | -57.29 | 0.0 | 0.0 | -32.21 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | -208.77 | 0.0 | 0.0 | 108.16 | 0.0 | 0.0 | 46.51 | 0.0 | 0.0 | 53.49 | 0.0 | 0.0 | 55.84 | 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) | -10.66 | 0 | -85.46 | 0 | -312.32 | 0 | 23.33 | 432.0 | -313.46 | 0 | -313.43 | 0 | -186.18 | 0 | -56.14 | 0 | 0.18 | -67.27 | -270.00 | 0 | 191.14 | -28.14 | 100.00 | 7.14 | -0.00 | 0 | 20.00 | 6.88 | 185.30 | 231.78 |
| 2022 (9) | -8.10 | 0 | 30.27 | 59.9 | -73.85 | 0 | 4.39 | -53.95 | -78.86 | 0 | -102.82 | 0 | -141.54 | 0 | -56.51 | 0 | 0.55 | 205.56 | -66.67 | 0 | 266.00 | 160.53 | 93.33 | 0 | 6.67 | -98.04 | 18.71 | -13.63 | 55.85 | -58.45 |
| 2021 (8) | 1.79 | 0 | 18.93 | -16.24 | -145.97 | 0 | 9.52 | 33.33 | 59.56 | 0 | 58.86 | 0 | 22.32 | 0 | 10.91 | 0 | 0.18 | -37.93 | 76.19 | 0 | 102.10 | -15.13 | -244.00 | 0 | 340.00 | 1067.83 | 21.67 | 54.46 | 134.43 | 114.74 |
| 2020 (7) | -4.90 | 0 | 22.60 | 12.49 | -66.99 | 0 | 7.14 | 141.43 | -94.05 | 0 | -107.60 | 0 | -58.19 | 0 | -27.18 | 0 | 0.29 | -62.34 | -64.29 | 0 | 120.30 | 11.22 | 70.89 | 8.02 | 29.11 | -15.3 | 14.03 | -21.75 | 62.60 | 64.78 |
| 2019 (6) | -7.11 | 0 | 20.09 | -41.19 | -43.49 | 0 | 2.96 | 102.17 | -66.34 | 0 | -72.29 | 0 | -89.84 | 0 | -55.39 | 0 | 0.77 | 8.45 | -47.63 | 0 | 108.16 | 169.32 | 65.62 | 275.0 | 34.38 | -58.33 | 17.93 | 8.61 | 37.99 | 55.44 |
| 2018 (5) | 0.09 | -96.77 | 34.16 | 32.56 | 1.73 | 0 | 1.46 | -38.86 | 9.67 | -53.69 | 2.54 | -87.05 | 2.91 | -88.13 | 1.84 | -85.21 | 0.71 | 12.7 | 22.93 | -35.17 | 40.16 | -51.07 | 17.50 | 0 | 82.50 | -30.66 | 16.51 | 0 | 24.44 | 38.86 |
| 2017 (4) | 2.79 | 0 | 25.77 | 13.52 | -4.00 | 0 | 2.39 | -42.83 | 20.88 | 0 | 19.62 | 0 | 24.52 | 0 | 12.44 | 0 | 0.63 | 1.61 | 35.37 | 0 | 82.08 | -33.05 | -18.99 | 0 | 118.99 | 189.54 | 0.00 | 0 | 17.60 | -1.46 |
| 2016 (3) | -2.40 | 0 | 22.70 | 137.7 | -10.49 | 0 | 4.19 | -21.95 | -17.97 | 0 | -16.81 | 0 | -23.31 | 0 | -9.81 | 0 | 0.62 | 26.53 | 0.00 | 0 | 122.59 | -3.68 | 58.90 | 52.94 | 41.10 | -33.16 | 0.00 | 0 | 17.86 | -30.56 |
| 2015 (2) | -16.01 | 0 | 9.55 | 0.32 | -35.56 | 0 | 5.36 | 54.84 | -92.33 | 0 | -94.83 | 0 | -82.45 | 0 | -46.19 | 0 | 0.49 | -35.53 | -67.81 | 0 | 127.27 | 131.69 | 38.52 | -79.05 | 61.48 | 0 | 0.00 | 0 | 25.72 | 42.41 |
| 2014 (1) | -3.78 | 0 | 9.52 | 0 | -21.69 | 0 | 3.46 | 3.05 | -11.79 | 0 | -12.68 | 0 | -14.47 | 0 | -9.46 | 0 | 0.76 | -21.65 | 4.30 | -47.82 | 54.93 | 24.56 | 183.84 | 15.61 | -83.84 | 0 | 0.00 | 0 | 18.06 | 3.91 |
