- 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) | -0.29 | 59.72 | 32.56 | 65.72 | -3.52 | 2.59 | -35.62 | 59.17 | 18.6 | -37.69 | 52.95 | 10.77 | -37.16 | 57.81 | 11.86 | -3.46 | 71.87 | 40.24 | -2.39 | 69.08 | 31.32 | 0.07 | -22.22 | -22.22 | -26.53 | 61.34 | 16.44 | 30.87 | -48.35 | -42.48 | 94.44 | -11.99 | -9.05 | 5.56 | 156.94 | 244.44 | 84.40 | -11.79 | -8.66 |
| 24Q2 (19) | -0.72 | -53.19 | -94.59 | 68.12 | 6.16 | 1.7 | -87.23 | -118.84 | -168.23 | -80.10 | -95.27 | -121.76 | -88.08 | -123.67 | -142.44 | -12.30 | -67.8 | -158.95 | -7.73 | -64.82 | -191.7 | 0.09 | -25.0 | 12.5 | -68.63 | -105.91 | -170.2 | 59.77 | 8.89 | -11.16 | 107.32 | 10.89 | 17.54 | -9.76 | -402.44 | -212.2 | 95.68 | 33.78 | 16.14 |
| 24Q1 (18) | -0.47 | -2.17 | -51.61 | 64.17 | 47.38 | -12.55 | -39.86 | -27.1 | -18.99 | -41.02 | -25.44 | -22.27 | -39.38 | -8.07 | -17.8 | -7.33 | -10.06 | -94.95 | -4.69 | -9.58 | -127.67 | 0.12 | 0.0 | 71.43 | -33.33 | -31.64 | -46.12 | 54.89 | 3.7 | -22.25 | 96.77 | 0.65 | -3.23 | 3.23 | -16.13 | 0 | 71.52 | 33.16 | -18.03 |
| 23Q4 (17) | -0.46 | -6.98 | -35.29 | 43.54 | -32.03 | -14.73 | -31.36 | 28.34 | 3.36 | -32.70 | 22.59 | -2.09 | -36.44 | 13.57 | -24.71 | -6.66 | -15.03 | -66.5 | -4.28 | -22.99 | -80.59 | 0.12 | 33.33 | 50.0 | -25.32 | 20.25 | -2.68 | 52.93 | -1.38 | -25.05 | 96.15 | -7.41 | -7.85 | 3.85 | 200.0 | 0 | 53.71 | -41.87 | -20.82 |
| 23Q3 (16) | -0.43 | -16.22 | -490.91 | 64.06 | -4.36 | -19.35 | -43.76 | -34.56 | -654.63 | -42.24 | -16.94 | -531.9 | -42.16 | -16.05 | -637.76 | -5.79 | -21.89 | -548.84 | -3.48 | -31.32 | -482.42 | 0.09 | 12.5 | -18.18 | -31.75 | -25.0 | -299.56 | 53.67 | -20.23 | -1.12 | 103.85 | 13.74 | 33.52 | -3.85 | -144.23 | -117.31 | 92.40 | 12.16 | 63.89 |
| 23Q2 (15) | -0.37 | -19.35 | -1025.0 | 66.98 | -8.72 | -13.01 | -32.52 | 2.93 | -1750.76 | -36.12 | -7.66 | -934.18 | -36.33 | -8.67 | -1224.77 | -4.75 | -26.33 | -1155.56 | -2.65 | -28.64 | -857.14 | 0.08 | 14.29 | -11.11 | -25.40 | -11.35 | -334.97 | 67.28 | -4.7 | 21.29 | 91.30 | -8.7 | 173.91 | 8.70 | 0 | -86.96 | 82.38 | -5.58 | 34.52 |
| 23Q1 (14) | -0.31 | 8.82 | -3000.0 | 73.38 | 43.71 | -6.65 | -33.50 | -3.24 | -3781.32 | -33.55 | -4.75 | -2741.73 | -33.43 | -14.41 | -6454.9 | -3.76 | 6.0 | -5271.43 | -2.06 | 13.08 | -6966.67 | 0.07 | -12.5 | -22.22 | -22.81 | 7.5 | -385.12 | 70.60 | -0.03 | 5.82 | 100.00 | -4.17 | 0.0 | -0.00 | 0 | 0 | 87.25 | 28.63 | 33.78 |
| 22Q4 (13) | -0.34 | -409.09 | -221.43 | 51.06 | -35.72 | -40.41 | -32.45 | -511.28 | -227.86 | -32.03 | -427.51 | -200.22 | -29.22 | -472.7 | -246.1 | -4.00 | -410.08 | -216.62 | -2.37 | -360.44 | -202.16 | 0.08 | -27.27 | -27.27 | -24.66 | -255.0 | -167.82 | 70.62 | 30.1 | 34.34 | 104.35 | 34.16 | 32.81 | -0.00 | -100.0 | -100.0 | 67.83 | 20.31 | 38.74 |
| 22Q3 (12) | 0.11 | 175.0 | 375.0 | 79.43 | 3.16 | 23.07 | 7.89 | 300.51 | 162.97 | 9.78 | 125.87 | 563.51 | 7.84 | 142.72 | 345.77 | 1.29 | 186.67 | 380.43 | 0.91 | 160.0 | 393.55 | 0.11 | 22.22 | 0.0 | 15.91 | 47.18 | 480.66 | 54.28 | -2.15 | 12.43 | 77.78 | 133.33 | -82.72 | 22.22 | -66.67 | 105.56 | 56.38 | -7.94 | -18.55 |
| 22Q2 (11) | 0.04 | 500.0 | 116.67 | 77.00 | -2.05 | 17.83 | 1.97 | 116.48 | 104.0 | 4.33 | 240.94 | 108.95 | 3.23 | 733.33 | 110.8 | 0.45 | 742.86 | 115.57 | 0.35 | 1066.67 | 115.28 | 0.09 | 0.0 | 12.5 | 10.81 | 35.13 | 125.74 | 55.47 | -16.86 | 113.51 | 33.33 | -66.67 | -66.67 | 66.67 | 0 | 0 | 61.24 | -6.1 | -40.44 |
| 22Q1 (10) | -0.01 | -103.57 | 97.3 | 78.61 | -8.26 | 23.66 | 0.91 | -96.41 | 101.57 | 1.27 | -96.03 | 102.47 | -0.51 | -102.55 | 98.99 | -0.07 | -102.04 | 98.39 | 0.03 | -98.71 | 100.85 | 0.09 | -18.18 | 28.57 | 8.00 | -78.0 | 117.52 | 66.72 | 26.92 | 180.34 | 100.00 | 27.27 | -11.11 | 0.00 | -100.0 | 100.0 | 65.22 | 33.4 | -39.96 |
| 21Q4 (9) | 0.28 | 800.0 | 286.67 | 85.69 | 32.77 | 50.18 | 25.38 | 302.55 | 437.5 | 31.96 | 1614.69 | 318.16 | 20.00 | 726.96 | 237.84 | 3.43 | 845.65 | 319.87 | 2.32 | 848.39 | 284.13 | 0.11 | 0.0 | 22.22 | 36.36 | 1227.01 | 463.6 | 52.57 | 8.89 | 130.57 | 78.57 | -82.54 | 41.43 | 21.43 | 105.36 | -51.79 | 48.89 | -29.37 | -33.3 |
| 21Q3 (8) | -0.04 | 83.33 | 89.74 | 64.54 | -1.24 | 25.98 | -12.53 | 74.54 | 73.72 | -2.11 | 95.64 | 95.1 | -3.19 | 89.34 | 91.43 | -0.46 | 84.08 | 88.92 | -0.31 | 86.46 | 90.8 | 0.11 | 37.5 | 22.22 | 2.74 | 106.52 | 107.12 | 48.28 | 85.84 | 119.95 | 450.00 | 350.0 | 306.45 | -400.00 | 0 | -3633.33 | 69.22 | -32.68 | -15.58 |
| 21Q2 (7) | -0.24 | 35.14 | -33.33 | 65.35 | 2.8 | -22.78 | -49.21 | 14.86 | 17.29 | -48.36 | 6.04 | -61.09 | -29.92 | 40.63 | -32.98 | -2.89 | 33.56 | -62.36 | -2.29 | 34.76 | -60.14 | 0.08 | 14.29 | 33.33 | -42.00 | 8.0 | -83.25 | 25.98 | 9.16 | 14.65 | 100.00 | -11.11 | -51.72 | -0.00 | 100.0 | 100.0 | 102.82 | -5.35 | 0 |
| 21Q1 (6) | -0.37 | -146.67 | 32.73 | 63.57 | 11.41 | 59.44 | -57.80 | -668.62 | 23.44 | -51.47 | -251.33 | 21.56 | -50.40 | -247.35 | 24.26 | -4.35 | -178.85 | 20.04 | -3.51 | -178.57 | 20.77 | 0.07 | -22.22 | 0.0 | -45.65 | -356.5 | 23.43 | 23.80 | 4.39 | 11.01 | 112.50 | 102.5 | -1.92 | -12.50 | -128.12 | 15.0 | 108.63 | 48.2 | 0 |
| 20Q4 (5) | -0.15 | 61.54 | -600.0 | 57.06 | 11.38 | -21.22 | -7.52 | 84.22 | -58.65 | -14.65 | 65.95 | -3856.41 | -14.51 | 61.02 | -653.82 | -1.56 | 62.41 | -637.93 | -1.26 | 62.61 | -584.62 | 0.09 | 0.0 | 0.0 | -10.00 | 74.0 | -343.31 | 22.80 | 3.87 | 0.26 | 55.56 | -49.82 | 0 | 44.44 | 514.81 | 0 | 73.30 | -10.6 | 11.25 |
| 20Q3 (4) | -0.39 | -116.67 | 0.0 | 51.23 | -39.47 | 0.0 | -47.67 | 19.88 | 0.0 | -43.02 | -43.3 | 0.0 | -37.22 | -65.42 | 0.0 | -4.15 | -133.15 | 0.0 | -3.37 | -135.66 | 0.0 | 0.09 | 50.0 | 0.0 | -38.46 | -67.8 | 0.0 | 21.95 | -3.13 | 0.0 | 110.71 | -46.55 | 0.0 | -10.71 | 89.29 | 0.0 | 81.99 | 0 | 0.0 |
| 20Q2 (3) | -0.18 | 67.27 | 0.0 | 84.63 | 112.26 | 0.0 | -59.50 | 21.19 | 0.0 | -30.02 | 54.25 | 0.0 | -22.50 | 66.19 | 0.0 | -1.78 | 67.28 | 0.0 | -1.43 | 67.72 | 0.0 | 0.06 | -14.29 | 0.0 | -22.92 | 61.56 | 0.0 | 22.66 | 5.69 | 0.0 | 207.14 | 80.59 | 0.0 | -100.00 | -580.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.55 | -1933.33 | 0.0 | 39.87 | -44.95 | 0.0 | -75.50 | -1492.83 | 0.0 | -65.62 | -16925.64 | 0.0 | -66.54 | -2639.69 | 0.0 | -5.44 | -1975.86 | 0.0 | -4.43 | -1803.85 | 0.0 | 0.07 | -22.22 | 0.0 | -59.62 | -1550.61 | 0.0 | 21.44 | -5.72 | 0.0 | 114.71 | 0 | 0.0 | -14.71 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.03 | 0.0 | 0.0 | 72.43 | 0.0 | 0.0 | -4.74 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 2.62 | 0.0 | 0.0 | 0.29 | 0.0 | 0.0 | 0.26 | 0.0 | 0.0 | 0.09 | 0.0 | 0.0 | 4.11 | 0.0 | 0.0 | 22.74 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 65.89 | 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) | -1.56 | 0 | 60.65 | -15.75 | -35.08 | 0 | 7.63 | 39.2 | -36.00 | 0 | -37.12 | 0 | -20.81 | 0 | -12.28 | 0 | 0.34 | -8.11 | -25.95 | 0 | 52.93 | -25.05 | 97.87 | -30.09 | 2.13 | 0 | 0.47 | 39.53 | 77.25 | 23.88 |
| 2022 (9) | -0.20 | 0 | 71.99 | 0.32 | -4.67 | 0 | 5.48 | 28.12 | -3.39 | 0 | -3.97 | 0 | -2.36 | 0 | -1.14 | 0 | 0.37 | 5.71 | 3.55 | 0 | 70.62 | 34.34 | 140.00 | -22.63 | -40.00 | 0 | 0.34 | -9.93 | 62.36 | -17.74 |
| 2021 (8) | -0.37 | 0 | 71.76 | 25.28 | -14.75 | 0 | 4.28 | -3.7 | -8.22 | 0 | -8.87 | 0 | -4.27 | 0 | -3.00 | 0 | 0.35 | 12.9 | -3.11 | 0 | 52.57 | 130.57 | 180.95 | 49.33 | -80.95 | 0 | 0.38 | 0 | 75.81 | -10.24 |
| 2020 (7) | -1.26 | 0 | 57.28 | -26.25 | -45.92 | 0 | 4.44 | 22.22 | -37.90 | 0 | -34.80 | 0 | -13.07 | 0 | -10.55 | 0 | 0.31 | -6.06 | -32.89 | 0 | 22.80 | 0.26 | 121.18 | -42.98 | -21.18 | 0 | 0.00 | 0 | 84.46 | 18.41 |
| 2019 (6) | -0.36 | 0 | 77.67 | 0.19 | -18.61 | 0 | 3.64 | 69.7 | -8.87 | 0 | -8.28 | 0 | -3.41 | 0 | -2.58 | 0 | 0.33 | 6.45 | -4.36 | 0 | 22.74 | -18.61 | 212.50 | -1.92 | -112.50 | 0 | 0.50 | 8.72 | 71.33 | 4.31 |
| 2018 (5) | -0.28 | 0 | 77.52 | 8.07 | -14.01 | 0 | 2.14 | -3.21 | -6.51 | 0 | -6.35 | 0 | -2.58 | 0 | -1.79 | 0 | 0.31 | 10.71 | -3.21 | 0 | 27.94 | -15.89 | 216.67 | 138.33 | -116.67 | 0 | 0.46 | 0 | 68.38 | -2.2 |
| 2017 (4) | -0.71 | 0 | 71.73 | -2.87 | -14.82 | 0 | 2.21 | 31.96 | -16.28 | 0 | -16.63 | 0 | -6.21 | 0 | -4.41 | 0 | 0.28 | -9.68 | -12.92 | 0 | 33.22 | -6.97 | 90.91 | 3.9 | 9.09 | -27.27 | 0.00 | 0 | 69.92 | 22.93 |
| 2016 (3) | 0.08 | 166.67 | 73.85 | -1.74 | 2.41 | 0 | 1.68 | -26.65 | 2.63 | 275.71 | 1.67 | 203.64 | 0.66 | 200.0 | 0.72 | 94.59 | 0.31 | -3.13 | 5.37 | 26.35 | 35.71 | 67.34 | 87.50 | 0 | 12.50 | -95.83 | 0.00 | 0 | 56.88 | -6.15 |
| 2015 (2) | 0.03 | -90.91 | 75.16 | 5.46 | -1.11 | 0 | 2.29 | -14.85 | 0.70 | -89.18 | 0.55 | -91.1 | 0.22 | -91.63 | 0.37 | -84.19 | 0.32 | -11.11 | 4.25 | -56.85 | 21.34 | 5.43 | -150.00 | 0 | 300.00 | 266.67 | 0.00 | 0 | 60.61 | 3.27 |
| 2014 (1) | 0.33 | 3200.0 | 71.27 | 0 | 1.08 | 0 | 2.69 | -14.03 | 6.47 | 0 | 6.18 | 0 | 2.63 | 0 | 2.34 | 0 | 0.36 | 9.09 | 9.85 | 183.86 | 20.24 | 9.76 | 18.18 | 0 | 81.82 | 0 | 0.00 | 0 | 58.69 | -1.58 |
