- 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 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q1 (20) | 5.38 | 627.03 | 1730.3 | 54.22 | 180.21 | 16330.3 | 48.11 | 228.4 | 132.18 | 48.98 | 234.56 | 142.56 | 48.98 | 234.56 | 142.56 | 33.55 | 437.66 | 962.47 | 26.33 | 416.27 | 1153.2 | 0.54 | 54.29 | 2600.0 | 50.62 | 207.91 | 150.62 | 23.50 | -30.88 | -50.78 | 98.73 | -1.27 | -17.72 | 1.27 | 0 | 106.33 | 4.15 | 48.75 | -95.91 |
| 23Q4 (19) | 0.74 | -62.81 | 12.12 | 19.35 | -55.53 | -81.47 | 14.65 | 113.28 | -61.25 | 14.64 | -97.46 | -81.72 | 14.64 | -97.46 | -81.72 | 6.24 | -69.26 | -22.68 | 5.10 | -67.68 | -6.59 | 0.35 | 1066.67 | 400.0 | 16.44 | -97.26 | -82.07 | 34.00 | 242.05 | -32.59 | 100.00 | 583.33 | 100.0 | 0.00 | -100.0 | -100.0 | 2.79 | -97.42 | -92.26 |
| 23Q3 (18) | 1.99 | 810.71 | 2942.86 | 43.51 | 4578.49 | -52.91 | -110.28 | 49.81 | 42.28 | 575.37 | 472.29 | 1438.38 | 575.37 | 472.29 | 1438.38 | 20.30 | 715.15 | 2516.67 | 15.78 | 862.32 | 3606.67 | 0.03 | 200.0 | 200.0 | 600.00 | 700.0 | 0 | 9.94 | -81.41 | -80.69 | -20.69 | -113.79 | -104.14 | 120.69 | 341.38 | 130.17 | 108.25 | -19.34 | -43.89 |
| 23Q2 (17) | -0.28 | 15.15 | -180.0 | 0.93 | 181.82 | -97.25 | -219.72 | -46.96 | 25.34 | -154.55 | -34.3 | 33.95 | -154.55 | -34.3 | 33.95 | -3.30 | 15.17 | 15.17 | -2.07 | 17.2 | 30.3 | 0.01 | -50.0 | 0.0 | -100.00 | 0.0 | 60.0 | 53.46 | 11.98 | 11.82 | 150.00 | 25.0 | 28.57 | -50.00 | -150.0 | -200.0 | 134.20 | 32.35 | -33.42 |
| 23Q1 (16) | -0.33 | -150.0 | -266.67 | 0.33 | -99.68 | -99.54 | -149.51 | -495.42 | 67.4 | -115.08 | -243.67 | 73.88 | -115.08 | -243.67 | 73.88 | -3.89 | -148.2 | -10.2 | -2.50 | -145.79 | 18.83 | 0.02 | -71.43 | 100.0 | -100.00 | -209.09 | 80.0 | 47.74 | -5.35 | 258.41 | 120.00 | 140.0 | 20.0 | -20.00 | -140.0 | 0 | 101.40 | 181.35 | -73.28 |
| 22Q4 (15) | 0.66 | 1042.86 | 607.69 | 104.43 | 13.02 | 26.29 | 37.81 | 119.79 | 107.23 | 80.10 | 286.32 | 115.59 | 80.10 | 286.32 | 115.59 | 8.07 | 1060.71 | 263.36 | 5.46 | 1313.33 | 226.39 | 0.07 | 600.0 | 600.0 | 91.67 | 0 | 126.19 | 50.44 | -2.0 | 274.18 | 50.00 | -90.0 | -50.0 | 50.00 | 112.5 | 0 | 36.04 | -81.32 | -92.33 |
| 22Q3 (14) | -0.07 | 30.0 | 30.0 | 92.40 | 173.7 | -11.46 | -191.06 | 35.08 | 54.53 | -42.99 | 81.63 | 89.27 | -42.99 | 81.63 | 89.27 | -0.84 | 78.41 | 77.17 | -0.45 | 84.85 | 86.2 | 0.01 | 0.0 | 0.0 | 0.00 | 100.0 | 100.0 | 51.47 | 7.66 | 282.96 | 500.00 | 328.57 | 400.0 | -400.00 | -2300.0 | 0 | 192.91 | -4.29 | -35.23 |
| 22Q2 (13) | -0.10 | -11.11 | 33.33 | 33.76 | -52.48 | -50.59 | -294.31 | 35.83 | -56.81 | -234.00 | 46.9 | 4.38 | -234.00 | 46.9 | 4.38 | -3.89 | -10.2 | 26.88 | -2.97 | 3.57 | 37.61 | 0.01 | 0.0 | -50.0 | -250.00 | 50.0 | -25.0 | 47.81 | 258.93 | 352.75 | 116.67 | 16.67 | 50.0 | -16.67 | 0 | -175.0 | 201.55 | -46.88 | 9.47 |
| 22Q1 (12) | -0.09 | 30.77 | 30.77 | 71.04 | -14.09 | 4312.42 | -458.63 | 12.26 | -324.78 | -440.66 | 14.21 | -330.54 | -440.66 | 14.21 | -330.54 | -3.53 | 28.54 | 19.95 | -3.08 | 28.7 | 21.63 | 0.01 | 0.0 | -75.0 | -500.00 | -42.86 | -400.0 | 13.32 | -1.19 | 16.03 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0 | 379.43 | -19.21 | 512.58 |
| 21Q4 (11) | -0.13 | -30.0 | 23.53 | 82.69 | -20.76 | 846.3 | -522.73 | -24.39 | -139.42 | -513.65 | -28.26 | -106.36 | -513.65 | -28.26 | -106.36 | -4.94 | -34.24 | 13.79 | -4.32 | -32.52 | 16.44 | 0.01 | 0.0 | -50.0 | -350.00 | 30.0 | -40.0 | 13.48 | 0.3 | 17.73 | 100.00 | 0.0 | 11.11 | -0.00 | 0 | -100.0 | 469.63 | 57.67 | 206.75 |
| 21Q3 (10) | -0.10 | 33.33 | 0.0 | 104.36 | 52.73 | 59.62 | -420.22 | -123.89 | -235.83 | -400.48 | -63.65 | -178.27 | -400.48 | -63.65 | -178.27 | -3.68 | 30.83 | -15.72 | -3.26 | 31.51 | -13.59 | 0.01 | -50.0 | -50.0 | -500.00 | -150.0 | -300.0 | 13.44 | 27.27 | 43.59 | 100.00 | 28.57 | 20.0 | -0.00 | -100.0 | -100.0 | 297.85 | 61.78 | 130.69 |
| 21Q2 (9) | -0.15 | -15.38 | -150.0 | 68.33 | 4144.1 | 8.7 | -187.69 | -73.84 | -379.66 | -244.71 | -139.09 | -403.62 | -244.71 | -139.09 | -401.04 | -5.32 | -20.63 | -189.13 | -4.76 | -21.12 | -192.02 | 0.02 | -50.0 | -33.33 | -200.00 | -100.0 | -366.64 | 10.56 | -8.01 | 1.44 | 77.78 | -22.22 | 3.7 | 22.22 | 0 | -11.11 | 184.11 | 197.24 | 0 |
| 21Q1 (8) | -0.13 | 23.53 | 23.53 | 1.61 | 114.53 | 280.9 | -107.97 | 50.55 | 60.72 | -102.35 | 58.88 | 58.95 | -102.35 | 58.88 | 58.95 | -4.41 | 23.04 | 15.68 | -3.93 | 23.98 | 16.03 | 0.04 | 100.0 | 100.0 | -100.00 | 60.0 | 55.56 | 11.48 | 0.26 | 0.79 | 100.00 | 11.11 | -9.09 | -0.00 | -100.0 | 100.0 | 61.94 | -59.54 | 0 |
| 20Q4 (7) | -0.17 | -70.0 | 41.38 | -11.08 | -116.95 | -133.58 | -218.33 | -74.48 | -56.42 | -248.91 | -72.95 | -52.11 | -248.91 | -72.95 | -52.11 | -5.73 | -80.19 | 29.08 | -5.17 | -80.14 | 28.79 | 0.02 | 0.0 | -50.0 | -250.00 | -100.0 | -71.88 | 11.45 | 22.33 | 1.69 | 90.00 | 8.0 | 2.0 | 10.00 | -40.0 | -43.33 | 153.10 | 18.58 | 0 |
| 20Q3 (6) | -0.10 | -66.67 | 0.0 | 65.38 | 4.01 | 43.76 | -125.13 | -219.78 | -107.24 | -143.92 | -196.19 | -142.21 | -143.92 | -194.68 | -142.21 | -3.18 | -72.83 | -29.8 | -2.87 | -76.07 | -31.05 | 0.02 | -33.33 | -50.0 | -125.00 | -191.65 | -150.0 | 9.36 | -10.09 | -11.95 | 83.33 | 11.11 | -16.67 | 16.67 | -33.33 | 0 | 129.11 | 0 | 83.11 |
| 20Q2 (5) | -0.06 | 64.71 | -50.0 | 62.86 | 7162.92 | 23.59 | -39.13 | 85.76 | -25.86 | -48.59 | 80.51 | -199.94 | -48.84 | 80.41 | -201.48 | -1.84 | 64.82 | -119.05 | -1.63 | 65.17 | -120.27 | 0.03 | 50.0 | -40.0 | -42.86 | 80.95 | -500.28 | 10.41 | -8.6 | -5.02 | 75.00 | -31.82 | -62.5 | 25.00 | 350.0 | 125.0 | 0.00 | 0 | -100.0 |
| 20Q1 (4) | -0.17 | 41.38 | 0.0 | -0.89 | -102.7 | 0.0 | -274.88 | -96.93 | 0.0 | -249.35 | -52.38 | 0.0 | -249.35 | -52.38 | 0.0 | -5.23 | 35.27 | 0.0 | -4.68 | 35.54 | 0.0 | 0.02 | -50.0 | 0.0 | -225.00 | -54.69 | 0.0 | 11.39 | 1.15 | 0.0 | 110.00 | 24.67 | 0.0 | -10.00 | -156.67 | 0.0 | 0.00 | 0 | 0.0 |
| 19Q4 (3) | -0.29 | -190.0 | 0.0 | 33.00 | -27.44 | 0.0 | -139.58 | -131.17 | 0.0 | -163.64 | -175.4 | 0.0 | -163.64 | -175.4 | 0.0 | -8.08 | -229.8 | 0.0 | -7.26 | -231.51 | 0.0 | 0.04 | 0.0 | 0.0 | -145.45 | -190.9 | 0.0 | 11.26 | 5.93 | 0.0 | 88.24 | -11.76 | 0.0 | 17.65 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q3 (2) | -0.10 | -150.0 | 0.0 | 45.48 | -10.58 | 0.0 | -60.38 | -94.21 | 0.0 | -59.42 | -266.79 | 0.0 | -59.42 | -266.79 | 0.0 | -2.45 | -191.67 | 0.0 | -2.19 | -195.95 | 0.0 | 0.04 | -20.0 | 0.0 | -50.00 | -600.28 | 0.0 | 10.63 | -3.01 | 0.0 | 100.00 | -50.0 | 0.0 | -0.00 | 100.0 | 0.0 | 70.51 | 32.56 | 0.0 |
| 19Q2 (1) | -0.04 | 0.0 | 0.0 | 50.86 | 0.0 | 0.0 | -31.09 | 0.0 | 0.0 | -16.20 | 0.0 | 0.0 | -16.20 | 0.0 | 0.0 | -0.84 | 0.0 | 0.0 | -0.74 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | -7.14 | 0.0 | 0.0 | 10.96 | 0.0 | 0.0 | 200.00 | 0.0 | 0.0 | -100.00 | 0.0 | 0.0 | 53.19 | 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) | 2.11 | 0 | 19.26 | -78.86 | -8.27 | 0 | 3.53 | -78.82 | 36.19 | 0 | 36.19 | 0 | 20.23 | 0 | 14.65 | 0 | 0.40 | 300.0 | 41.18 | 640.65 | 34.00 | -32.59 | -22.58 | 0 | 122.58 | 0 | 0.00 | 0 | 18.07 | -82.51 |
| 2022 (9) | -0.18 | 0 | 91.10 | 138.86 | -72.05 | 0 | 16.67 | -22.22 | -14.49 | 0 | -14.49 | 0 | -1.86 | 0 | -1.15 | 0 | 0.10 | 42.86 | 5.56 | 0 | 50.44 | 274.18 | 433.33 | 348.28 | -366.67 | 0 | 0.00 | 0 | 103.32 | -36.27 |
| 2021 (8) | -0.50 | 0 | 38.14 | 10.94 | -205.96 | 0 | 21.43 | 42.86 | -214.51 | 0 | -214.51 | 0 | -17.62 | 0 | -15.56 | 0 | 0.07 | -22.22 | -192.86 | 0 | 13.48 | 17.73 | 96.67 | 0.0 | 3.33 | -50.0 | 0.00 | 0 | 162.12 | 29.64 |
| 2020 (7) | -0.51 | 0 | 34.38 | -29.0 | -144.76 | 0 | 15.00 | 160.0 | -153.30 | 0 | -153.39 | 0 | -15.98 | 0 | -14.26 | 0 | 0.09 | -55.0 | -135.00 | 0 | 11.45 | 1.69 | 96.67 | -7.2 | 6.67 | 0 | 0.00 | 0 | 125.05 | 145.63 |
| 2019 (6) | -0.40 | 0 | 48.42 | 181.68 | -48.63 | 0 | 5.77 | 25.48 | -46.64 | 0 | -46.64 | 0 | -10.34 | 0 | -9.46 | 0 | 0.20 | -25.93 | -38.46 | 0 | 11.26 | 80.74 | 104.17 | 0 | -4.17 | 0 | 0.44 | 0 | 50.91 | 6.17 |
| 2018 (5) | 0.22 | 0 | 17.19 | -64.37 | -65.18 | 0 | 4.60 | 60.92 | 14.87 | 0 | 14.69 | 0 | 4.59 | 0 | 4.07 | 0 | 0.27 | -42.55 | 27.59 | 0 | 6.23 | -77.26 | -438.46 | 0 | 538.46 | 0 | 0.00 | 0 | 47.95 | -27.64 |
| 2017 (4) | -0.13 | 0 | 48.25 | 92.15 | -44.11 | 0 | 2.86 | -19.05 | -7.98 | 0 | -7.98 | 0 | -4.65 | 0 | -3.69 | 0 | 0.47 | 20.51 | -0.57 | 0 | 27.40 | 41.97 | 550.00 | 403.39 | -450.00 | 0 | 0.00 | 0 | 66.27 | -2.97 |
| 2016 (3) | -1.66 | 0 | 25.11 | -47.42 | -69.25 | 0 | 3.53 | 19.29 | -63.51 | 0 | -63.58 | 0 | -30.54 | 0 | -24.99 | 0 | 0.39 | 14.71 | -55.29 | 0 | 19.30 | -19.25 | 109.26 | 5.9 | -9.26 | 0 | 0.00 | 0 | 68.30 | 14.83 |
| 2015 (2) | -1.07 | 0 | 47.76 | 0.38 | -38.56 | 0 | 2.96 | 4.04 | -37.26 | 0 | -37.96 | 0 | -14.99 | 0 | -12.80 | 0 | 0.34 | -12.82 | -30.18 | 0 | 23.90 | 114.54 | 103.17 | -10.48 | -3.17 | 0 | 0.00 | 0 | 59.48 | 6.16 |
| 2014 (1) | -0.99 | 0 | 47.58 | 0 | -31.95 | 0 | 2.84 | -8.44 | -28.10 | 0 | -28.21 | 0 | -12.19 | 0 | -10.89 | 0 | 0.39 | 50.0 | -22.27 | 0 | 11.14 | -12.42 | 115.25 | 4.66 | -13.56 | 0 | 0.00 | 0 | 56.03 | -21.84 |
