- 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) | -0.31 | -3.33 | 13.89 | -0.85 | -111.84 | 89.96 | -48.71 | -99.47 | 25.19 | -42.15 | -79.13 | 31.98 | -42.15 | -79.13 | 31.98 | -6.31 | -24.46 | 4.39 | -3.75 | -17.55 | 14.97 | 0.09 | -35.71 | 28.57 | -25.00 | -49.97 | 41.67 | 70.35 | 12.36 | 43.84 | 133.33 | 33.33 | 33.33 | -33.33 | 0 | 0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.30 | 21.05 | 34.78 | 7.18 | 138.42 | 137.09 | -24.42 | 76.51 | 80.75 | -23.53 | 76.64 | 83.24 | -23.53 | 76.64 | 83.24 | -5.07 | 37.33 | 34.5 | -3.19 | 37.57 | 41.36 | 0.14 | 180.0 | 250.0 | -16.67 | 72.22 | 83.33 | 62.61 | 20.92 | 44.13 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 24.26 | -65.68 | -72.63 |
| 24Q1 (18) | -0.38 | 0.0 | -8.57 | -18.69 | -1599.09 | 59.0 | -103.98 | -54.87 | 60.17 | -100.72 | -77.73 | 44.04 | -100.72 | -97.99 | 44.04 | -8.09 | -20.03 | -46.82 | -5.11 | -19.11 | -29.7 | 0.05 | -44.44 | 150.0 | -60.00 | -60.0 | 60.0 | 51.78 | -16.78 | 31.92 | 100.00 | -20.0 | -33.33 | -0.00 | 100.0 | 100.0 | 70.68 | 44.9 | -51.23 |
| 23Q4 (17) | -0.38 | -5.56 | 9.52 | -1.10 | 87.01 | 86.98 | -67.14 | -3.12 | 26.96 | -56.67 | 8.55 | 22.3 | -50.87 | 17.91 | 22.21 | -6.74 | -2.12 | -36.99 | -4.29 | 2.72 | -21.53 | 0.09 | 28.57 | 80.0 | -37.50 | 12.51 | 25.0 | 62.22 | 27.21 | 62.62 | 125.00 | 25.0 | 0.0 | -25.00 | 0 | 0.0 | 48.78 | -1.47 | -6.43 |
| 23Q3 (16) | -0.36 | 21.74 | 20.0 | -8.47 | 56.25 | -30.71 | -65.11 | 48.67 | 25.99 | -61.97 | 55.87 | 22.57 | -61.97 | 55.87 | 22.57 | -6.60 | 14.73 | -24.29 | -4.41 | 18.93 | -10.25 | 0.07 | 75.0 | 40.0 | -42.86 | 57.14 | 28.57 | 48.91 | 12.59 | 25.83 | 100.00 | 0.0 | -20.0 | -0.00 | 0 | 0 | 49.51 | -44.15 | 0.65 |
| 23Q2 (15) | -0.46 | -31.43 | -119.17 | -19.36 | 57.53 | 84.49 | -126.85 | 51.41 | 84.97 | -140.43 | 21.97 | -103.91 | -140.43 | 21.97 | -103.91 | -7.74 | -40.47 | -123.33 | -5.44 | -38.07 | -121.94 | 0.04 | 100.0 | 300.0 | -100.00 | 33.33 | -104.35 | 43.44 | 10.68 | 70.55 | 100.00 | -33.33 | 540.0 | -0.00 | 100.0 | -100.0 | 88.65 | -38.84 | -68.21 |
| 23Q1 (14) | -0.35 | 16.67 | 23.91 | -45.58 | -439.41 | -588.52 | -261.07 | -184.02 | -50.54 | -179.98 | -146.78 | -3.48 | -179.98 | -175.24 | -3.48 | -5.51 | -11.99 | 53.27 | -3.94 | -11.61 | 37.06 | 0.02 | -60.0 | -50.0 | -150.00 | -200.0 | 0.0 | 39.25 | 2.59 | -13.83 | 150.00 | 20.0 | 50.0 | -50.00 | -100.0 | 0 | 144.94 | 178.04 | 59.66 |
| 22Q4 (13) | -0.42 | 6.67 | 6.67 | -8.45 | -30.4 | -484.09 | -91.92 | -4.48 | -149.38 | -72.93 | 8.87 | -97.43 | -65.39 | 18.29 | -77.02 | -4.92 | 7.34 | 86.03 | -3.53 | 11.75 | 62.25 | 0.05 | 0.0 | -80.0 | -50.00 | 16.67 | -66.67 | 38.26 | -1.57 | -89.45 | 125.00 | 0.0 | 25.0 | -25.00 | 0 | 0 | 52.13 | 5.98 | 144.86 |
| 22Q3 (12) | -0.45 | -118.75 | -7.14 | -6.48 | 94.81 | -157.91 | -87.98 | 89.58 | -69.78 | -80.03 | -102.23 | -53.99 | -80.03 | -102.23 | -53.99 | -5.31 | -116.0 | 78.08 | -4.00 | -116.13 | 54.02 | 0.05 | 400.0 | -70.59 | -60.00 | -102.61 | -39.99 | 38.87 | 52.61 | -81.87 | 125.00 | 650.0 | 25.0 | -0.00 | -100.0 | 0 | 49.19 | -82.36 | 66.18 |
| 22Q2 (11) | 2.40 | 621.74 | 671.43 | -124.84 | -1785.8 | -989.81 | -844.19 | -386.79 | -973.35 | 3593.55 | 2166.09 | 4664.98 | 3593.55 | 2166.09 | 4664.98 | 33.18 | 381.42 | 269.11 | 24.80 | 496.17 | 386.37 | 0.01 | -75.0 | -90.91 | 2300.00 | 1633.33 | 3166.67 | 25.47 | -44.08 | -82.87 | -22.73 | -122.73 | -122.73 | 127.27 | 0 | 0 | 278.87 | 207.19 | 469.24 |
| 22Q1 (10) | -0.46 | -2.22 | -12.2 | -6.62 | -400.91 | -135.59 | -173.42 | -370.48 | -64.68 | -173.93 | -370.84 | -64.75 | -173.93 | -370.84 | -64.75 | -11.79 | 66.52 | 61.08 | -6.26 | 33.05 | 31.88 | 0.04 | -84.0 | -55.56 | -150.00 | -400.0 | -50.0 | 45.55 | -87.44 | -57.68 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 90.78 | 326.4 | 30.49 |
| 21Q4 (9) | -0.45 | -7.14 | -462.5 | 2.20 | -80.34 | -57.2 | -36.86 | 28.87 | 18.74 | -36.94 | 28.92 | -99.03 | -36.94 | 28.92 | -99.03 | -35.22 | -45.42 | 25.96 | -9.35 | -7.47 | -110.59 | 0.25 | 47.06 | 4.17 | -30.00 | 30.0 | -140.0 | 362.73 | 69.18 | -71.12 | 100.00 | 0.0 | -66.67 | -0.00 | 0 | 100.0 | 21.29 | -28.07 | -24.9 |
| 21Q3 (8) | -0.42 | 0.0 | -281.82 | 11.19 | -20.24 | -44.05 | -51.82 | 34.11 | -122.59 | -51.97 | 33.98 | -126.35 | -51.97 | 33.98 | -126.35 | -24.22 | -23.45 | 74.27 | -8.70 | -0.46 | -35.51 | 0.17 | 54.55 | -39.29 | -42.86 | 42.85 | -285.78 | 214.40 | 44.17 | -72.72 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 29.60 | -39.58 | 40.68 |
| 21Q2 (7) | -0.42 | -2.44 | -133.33 | 14.03 | -24.57 | 283.33 | -78.65 | 25.32 | -164.19 | -78.72 | 25.43 | -164.61 | -78.72 | 25.43 | -164.61 | -19.62 | 35.23 | 85.96 | -8.66 | 5.77 | 29.71 | 0.11 | 22.22 | -73.81 | -75.00 | 25.0 | -175.03 | 148.71 | 38.15 | -96.55 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 48.99 | -29.58 | 0 |
| 21Q1 (6) | -0.41 | -412.5 | -95.24 | 18.60 | 261.87 | -81.4 | -105.31 | -132.16 | 98.27 | -105.57 | -468.8 | 98.23 | -105.57 | -468.8 | 98.23 | -30.29 | 36.33 | 53.02 | -9.19 | -106.98 | 41.39 | 0.09 | -62.5 | 0 | -100.00 | -700.0 | 0 | 107.64 | -91.43 | -76.04 | 100.00 | -66.67 | 0.0 | -0.00 | 100.0 | 0 | 69.57 | 145.4 | -98.1 |
| 20Q4 (5) | -0.08 | 27.27 | 73.33 | 5.14 | -74.3 | -83.76 | -45.36 | -94.85 | 99.42 | -18.56 | 19.16 | 99.71 | -18.56 | 19.16 | 99.71 | -47.57 | 49.47 | 49.85 | -4.44 | 30.84 | 79.04 | 0.24 | -14.29 | 0 | -12.50 | -12.51 | 0 | 1255.80 | 59.76 | 423.77 | 300.00 | 200.0 | 150.0 | -200.00 | 0 | -900.0 | 28.35 | 34.74 | -99.06 |
| 20Q3 (4) | -0.11 | 38.89 | 0.0 | 20.00 | 446.45 | 0.0 | -23.28 | 21.8 | 0.0 | -22.96 | 22.82 | 0.0 | -22.96 | 22.82 | 0.0 | -94.14 | 32.62 | 0.0 | -6.42 | 47.89 | 0.0 | 0.28 | -33.33 | 0.0 | -11.11 | 59.26 | 0.0 | 786.05 | -81.77 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 21.04 | 0 | 0.0 |
| 20Q2 (3) | -0.18 | 14.29 | 0.0 | 3.66 | -96.34 | 0.0 | -29.77 | 99.51 | 0.0 | -29.75 | 99.5 | 0.0 | -29.75 | 99.5 | 0.0 | -139.72 | -116.69 | 0.0 | -12.32 | 21.43 | 0.0 | 0.42 | 0 | 0.0 | -27.27 | 0 | 0.0 | 4311.24 | 859.57 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.21 | 30.0 | 0.0 | 100.00 | 215.96 | 0.0 | -6100.00 | 22.49 | 0.0 | -5967.19 | 7.77 | 0.0 | -5967.19 | 7.75 | 0.0 | -64.48 | 32.03 | 0.0 | -15.68 | 25.97 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 449.29 | 87.39 | 0.0 | 100.00 | -16.67 | 0.0 | -0.00 | 100.0 | 0.0 | 3656.25 | 20.8 | 0.0 |
| 19Q4 (1) | -0.30 | 0.0 | 0.0 | 31.65 | 0.0 | 0.0 | -7869.62 | 0.0 | 0.0 | -6469.62 | 0.0 | 0.0 | -6468.35 | 0.0 | 0.0 | -94.86 | 0.0 | 0.0 | -21.18 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 239.76 | 0.0 | 0.0 | 120.00 | 0.0 | 0.0 | -20.00 | 0.0 | 0.0 | 3026.58 | 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) | -1.55 | 0 | -11.66 | 0 | -98.36 | 0 | 20.00 | -6.67 | -87.04 | 0 | -84.82 | 0 | -26.45 | 0 | -17.56 | 0 | 0.21 | 10.53 | -65.00 | 0 | 62.22 | 62.62 | 117.65 | 0 | -11.76 | 0 | 0.00 | 0 | 66.70 | -1.29 |
| 2022 (9) | 1.02 | 0 | -12.71 | 0 | -137.84 | 0 | 21.43 | 157.14 | 75.24 | 0 | 78.36 | 0 | 26.26 | 0 | 15.27 | 0 | 0.19 | -72.06 | 100.00 | 0 | 38.26 | -89.45 | -190.00 | 0 | 290.00 | 0 | 1.00 | -60.0 | 67.57 | 94.39 |
| 2021 (8) | -1.69 | 0 | 8.90 | -7.0 | -57.27 | 0 | 8.33 | 16.67 | -57.39 | 0 | -57.39 | 0 | -252.15 | 0 | -38.85 | 0 | 0.68 | -29.9 | -45.83 | 0 | 362.73 | -71.12 | 100.00 | -15.38 | -0.00 | 0 | 2.50 | -22.5 | 34.76 | 16.25 |
| 2020 (7) | -0.58 | 0 | 9.57 | -71.15 | -45.97 | 0 | 7.14 | -92.86 | -38.22 | 0 | -38.22 | 0 | -209.88 | 0 | -36.95 | 0 | 0.97 | 1840.0 | -28.57 | 0 | 1255.80 | 423.77 | 118.18 | 11.23 | -18.18 | 0 | 3.23 | -56.45 | 29.90 | -95.41 |
| 2019 (6) | -0.94 | 0 | 33.17 | 81.65 | -1162.61 | 0 | 100.00 | 0 | -1090.41 | 0 | -1090.35 | 0 | -147.80 | 0 | -54.59 | 0 | 0.05 | -75.0 | -1400.00 | 0 | 239.76 | 82.72 | 106.25 | 0 | -6.25 | 0 | 7.41 | 0 | 650.92 | 264.19 |
| 2018 (5) | 0.06 | 0 | 18.26 | 43.67 | -304.27 | 0 | 0.00 | 0 | 15.94 | 0 | 11.26 | 0 | 6.58 | 0 | 2.24 | 0 | 0.20 | -85.92 | 28.57 | 0 | 131.22 | -53.91 | -2100.00 | 0 | 2200.00 | 0 | 0.00 | 0 | 178.73 | 848.67 |
| 2017 (4) | -0.64 | 0 | 12.71 | 60.28 | -18.90 | 0 | 1.00 | -52.0 | -16.65 | 0 | -16.65 | 0 | -87.97 | 0 | -23.55 | 0 | 1.42 | 129.03 | -16.00 | 0 | 284.71 | 5.73 | 111.76 | 0.59 | -11.76 | 0 | 0.00 | 0 | 18.84 | -50.89 |
| 2016 (3) | -1.17 | 0 | 7.93 | -85.89 | -62.79 | 0 | 2.08 | -95.83 | -56.76 | 0 | -56.76 | 0 | -73.36 | 0 | -35.18 | 0 | 0.62 | 1450.0 | -54.17 | 0 | 269.27 | 3117.08 | 111.11 | -41.52 | -11.11 | 0 | 0.00 | 0 | 38.36 | -93.01 |
| 2015 (2) | -0.60 | 0 | 56.22 | 92.73 | -935.16 | 0 | 50.00 | 100.0 | -498.21 | 0 | -498.21 | 0 | -19.27 | 0 | -17.86 | 0 | 0.04 | -71.43 | -400.00 | 0 | 8.37 | 11.01 | 190.00 | 90.0 | -90.00 | 0 | 0.00 | 0 | 549.06 | 123.6 |
| 2014 (1) | -1.65 | 0 | 29.17 | 0 | -355.11 | 0 | 25.00 | 475.0 | -352.07 | 0 | -352.07 | 0 | -70.74 | 0 | -48.13 | 0 | 0.14 | -46.15 | -300.00 | 0 | 7.54 | -96.5 | 100.00 | 161.29 | -0.00 | 0 | 0.00 | 0 | 245.55 | 135.18 |
