- 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) | 0.03 | 175.0 | 250.0 | 78.17 | 0.73 | -2.97 | -980.83 | -29.04 | -3.4 | 383.49 | 164.44 | 261.11 | 383.49 | 164.44 | 265.72 | 0.19 | 165.52 | 235.71 | 0.11 | 178.57 | 283.33 | 0.00 | 0 | 0 | 700.00 | 200.0 | 566.67 | 104.42 | 10.12 | 18.31 | -233.33 | -269.7 | -158.33 | 333.33 | 1433.33 | 211.11 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.04 | 20.0 | 20.0 | 77.60 | -0.32 | -11.25 | -760.11 | 0.74 | -39.99 | -595.08 | 17.41 | -31.45 | -595.08 | 17.41 | -39.86 | -0.29 | 19.44 | 25.64 | -0.14 | 22.22 | 36.36 | 0.00 | 0 | 0 | -700.00 | 22.22 | -90.91 | 94.82 | 1.92 | 20.36 | 137.50 | 25.0 | 8.04 | -25.00 | -150.0 | -37.5 | 878.93 | -2.07 | 84.07 |
| 24Q1 (18) | -0.05 | -117.86 | 28.57 | 77.85 | 297.19 | -3.36 | -765.81 | -4812.68 | 8.3 | -720.48 | -4403.94 | 7.84 | -720.48 | -5933.85 | 20.01 | -0.36 | -117.48 | 33.33 | -0.18 | -116.22 | 41.94 | 0.00 | -100.0 | 0 | -900.00 | -5422.29 | -50.0 | 93.03 | 6.89 | 26.85 | 110.00 | 12.86 | 2.14 | -10.00 | -495.0 | -30.0 | 897.51 | 33389.18 | 22.59 |
| 23Q4 (17) | 0.28 | 1500.0 | 450.0 | 19.60 | -75.67 | -70.04 | 16.25 | 101.71 | 102.03 | 16.74 | 107.03 | 102.32 | 12.35 | 105.34 | 101.71 | 2.06 | 1571.43 | 449.15 | 1.11 | 1950.0 | 426.47 | 0.09 | 0 | 0 | 16.91 | 111.27 | 102.25 | 87.03 | -1.39 | 22.54 | 97.47 | -75.63 | -13.36 | 2.53 | 100.84 | 120.25 | 2.68 | -99.71 | -99.44 |
| 23Q3 (16) | -0.02 | 60.0 | -122.22 | 80.56 | -7.87 | 0.07 | -948.60 | -74.71 | -11.6 | -238.03 | 47.42 | -121.21 | -231.41 | 45.61 | -120.62 | -0.14 | 64.1 | -120.59 | -0.06 | 72.73 | -115.0 | 0.00 | 0 | 0 | -150.00 | 59.09 | -115.79 | 88.26 | 12.03 | 26.85 | 400.00 | 214.29 | 614.29 | -300.00 | -1550.0 | -268.75 | 928.68 | 94.48 | 55.08 |
| 23Q2 (15) | -0.05 | 28.57 | -66.67 | 87.44 | 8.54 | 8.58 | -542.97 | 34.98 | 15.18 | -452.70 | 42.09 | 26.41 | -425.48 | 52.76 | -13.6 | -0.39 | 27.78 | -77.27 | -0.22 | 29.03 | -69.23 | 0.00 | 0 | 0 | -366.67 | 38.89 | 18.52 | 78.78 | 7.42 | 14.86 | 127.27 | 18.18 | 27.27 | -18.18 | -136.36 | 0 | 477.51 | -34.78 | -13.54 |
| 23Q1 (14) | -0.07 | 12.5 | -40.0 | 80.56 | 23.12 | 3.56 | -835.12 | -4.28 | -15.96 | -781.77 | -8.42 | -13.03 | -900.73 | -24.87 | -27.1 | -0.54 | 8.47 | -50.0 | -0.31 | 8.82 | -34.78 | 0.00 | 0 | 0 | -600.00 | 20.0 | 33.33 | 73.34 | 3.27 | 34.79 | 107.69 | -4.27 | 7.69 | -7.69 | 38.46 | 0 | 732.14 | 53.54 | 12.98 |
| 22Q4 (13) | -0.08 | -188.89 | -33.33 | 65.43 | -18.72 | -14.67 | -800.86 | 5.78 | 19.53 | -721.07 | -164.25 | -27.06 | -721.34 | -164.27 | 18.7 | -0.59 | -186.76 | -31.11 | -0.34 | -185.0 | -9.68 | 0.00 | 0 | 0 | -750.00 | -178.95 | 6.25 | 71.02 | 2.07 | 33.35 | 112.50 | 244.64 | -35.71 | -12.50 | -107.03 | 83.33 | 476.85 | -20.37 | -6.87 |
| 22Q3 (12) | 0.09 | 400.0 | -35.71 | 80.50 | -0.04 | 5.84 | -850.03 | -32.78 | -30.42 | 1122.36 | 282.44 | -46.14 | 1122.36 | 399.66 | -46.14 | 0.68 | 409.09 | -32.0 | 0.40 | 407.69 | -48.72 | 0.00 | 0 | 0 | 950.00 | 311.11 | -67.24 | 69.58 | 1.44 | 88.21 | -77.78 | -177.78 | -141.98 | 177.78 | 0 | 34.53 | 598.84 | 8.42 | 1.16 |
| 22Q2 (11) | -0.03 | 40.0 | 50.0 | 80.53 | 3.52 | 12.07 | -640.17 | 11.11 | 14.06 | -615.20 | 11.06 | 23.75 | -374.54 | 47.15 | 53.66 | -0.22 | 38.89 | 45.0 | -0.13 | 43.48 | 56.67 | 0.00 | 0 | 0 | -450.00 | 50.0 | 50.0 | 68.59 | 26.06 | 191.5 | 100.00 | 0.0 | 10.0 | -0.00 | 0 | -100.0 | 552.32 | -14.77 | -5.87 |
| 22Q1 (10) | -0.05 | 16.67 | 16.67 | 77.79 | 1.45 | 68.78 | -720.19 | 27.64 | 3.28 | -691.67 | -21.88 | 10.32 | -708.67 | 20.13 | 8.11 | -0.36 | 20.0 | 12.2 | -0.23 | 25.81 | 25.81 | 0.00 | 0 | 0 | -900.00 | -12.5 | 10.0 | 54.41 | 2.16 | 150.39 | 100.00 | -42.86 | 0.0 | -0.00 | 100.0 | 0 | 648.02 | 26.56 | 1.39 |
| 21Q4 (9) | -0.06 | -142.86 | -50.0 | 76.68 | 0.82 | -46.0 | -995.28 | -52.71 | -21.75 | -567.52 | -127.24 | 15.55 | -887.23 | -142.58 | -64.99 | -0.45 | -145.0 | -55.17 | -0.31 | -139.74 | -47.62 | 0.00 | 0 | 0 | -800.00 | -127.59 | 0.0 | 53.26 | 44.06 | 148.07 | 175.00 | 644.44 | 45.83 | -75.00 | -156.76 | -275.0 | 512.01 | -13.51 | 0.85 |
| 21Q3 (8) | 0.14 | 333.33 | -62.16 | 76.06 | 5.84 | 104.74 | -651.75 | 12.51 | -2446.96 | 2083.72 | 358.26 | 3512.55 | 2083.72 | 357.83 | 3920.3 | 1.00 | 350.0 | -61.54 | 0.78 | 360.0 | -64.22 | 0.00 | 0 | -100.0 | 2900.00 | 422.22 | 4818.59 | 36.97 | 57.12 | 94.37 | -32.14 | -135.36 | -166.89 | 132.14 | 1353.57 | 154.38 | 591.97 | 0.88 | 12284.31 |
| 21Q2 (7) | -0.06 | 0.0 | -106.74 | 71.86 | 55.91 | 82.85 | -744.94 | -0.05 | -2126.5 | -806.82 | -4.61 | -2300.22 | -808.18 | -4.79 | -2914.98 | -0.40 | 2.44 | -106.78 | -0.30 | 3.23 | -106.33 | 0.00 | 0 | -100.0 | -900.00 | 10.0 | -2531.12 | 23.53 | 8.28 | 1.55 | 90.91 | -9.09 | -9.56 | 9.09 | 0 | 0 | 586.79 | -8.19 | 0 |
| 21Q1 (6) | -0.06 | -50.0 | -50.0 | 46.09 | -67.54 | 19.19 | -744.60 | 8.91 | -668.82 | -771.24 | -14.76 | -683.94 | -771.24 | -43.42 | -674.1 | -0.41 | -41.38 | -41.38 | -0.31 | -47.62 | -55.0 | 0.00 | 0 | 0 | -1000.00 | -25.0 | -1066.73 | 21.73 | 1.21 | -20.29 | 100.00 | -16.67 | 0.0 | -0.00 | 100.0 | 0 | 639.16 | 25.89 | 441.34 |
| 20Q4 (5) | -0.04 | -110.81 | 0 | 141.99 | 282.21 | 347.78 | -817.45 | -3043.64 | -146073.21 | -672.05 | -1265.14 | -110272.13 | -537.76 | -1137.55 | -46258.62 | -0.29 | -111.15 | -1350.0 | -0.21 | -109.63 | -2200.0 | 0.00 | -100.0 | -100.0 | -800.00 | -1456.85 | -16906.72 | 21.47 | 12.88 | -20.22 | 120.00 | 149.73 | 0 | -20.00 | -138.5 | 0 | 507.70 | 10521.34 | 2714.3 |
| 20Q3 (4) | 0.37 | -58.43 | 0.0 | 37.15 | -5.47 | 0.0 | 27.77 | -24.46 | 0.0 | 57.68 | 57.29 | 0.0 | 51.83 | 80.53 | 0.0 | 2.60 | -55.93 | 0.0 | 2.18 | -54.01 | 0.0 | 0.04 | -75.0 | 0.0 | 58.96 | 59.27 | 0.0 | 19.02 | -17.91 | 0.0 | 48.05 | -52.2 | 0.0 | 51.95 | 0 | 0.0 | 4.78 | 0 | 0.0 |
| 20Q2 (3) | 0.89 | 2325.0 | 0.0 | 39.30 | 1.63 | 0.0 | 36.76 | 137.96 | 0.0 | 36.67 | 137.27 | 0.0 | 28.71 | 128.82 | 0.0 | 5.90 | 2134.48 | 0.0 | 4.74 | 2470.0 | 0.0 | 0.16 | 0 | 0.0 | 37.02 | 143.19 | 0.0 | 23.17 | -15.0 | 0.0 | 100.52 | 0.52 | 0.0 | -0.00 | 0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.04 | 0 | 0.0 | 38.67 | 21.95 | 0.0 | -96.85 | -17394.64 | 0.0 | -98.38 | -16227.87 | 0.0 | -99.63 | -8488.79 | 0.0 | -0.29 | -1350.0 | 0.0 | -0.20 | -2100.0 | 0.0 | 0.00 | -100.0 | 0.0 | -85.71 | -1900.63 | 0.0 | 27.26 | 1.3 | 0.0 | 100.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 118.07 | 554.49 | 0.0 |
| 19Q4 (1) | 0.00 | 0.0 | 0.0 | 31.71 | 0.0 | 0.0 | 0.56 | 0.0 | 0.0 | 0.61 | 0.0 | 0.0 | -1.16 | 0.0 | 0.0 | -0.02 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 0.01 | 0.0 | 0.0 | 4.76 | 0.0 | 0.0 | 26.91 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 18.04 | 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) | 0.14 | 0 | 20.38 | -72.87 | 7.03 | 0 | 0.42 | -98.54 | 10.63 | 0 | 6.04 | 0 | 1.03 | 0 | 0.60 | 0 | 0.10 | 0 | 11.51 | 0 | 87.03 | 22.54 | 66.67 | -77.36 | 33.33 | 0 | 0.02 | 0 | 10.90 | -98.05 |
| 2022 (9) | -0.07 | 0 | 75.13 | 11.5 | -757.79 | 0 | 28.57 | -14.29 | -253.82 | 0 | -200.61 | 0 | -0.50 | 0 | -0.29 | 0 | 0.00 | 0 | -214.29 | 0 | 71.02 | 33.35 | 294.44 | -79.92 | -194.44 | 0 | 0.00 | 0 | 559.10 | -4.03 |
| 2021 (8) | -0.04 | 0 | 67.38 | 72.37 | -786.51 | 0 | 33.33 | 11016.67 | -48.42 | 0 | -130.30 | 0 | -0.26 | 0 | -0.13 | 0 | 0.00 | 0 | 50.00 | 28.77 | 53.26 | 148.07 | 1466.67 | 1651.66 | -1400.00 | 0 | 0.00 | 0 | 582.58 | 11234.24 |
| 2020 (7) | 1.10 | -45.0 | 39.09 | 18.81 | 31.61 | 8.63 | 0.30 | 95.2 | 37.84 | 20.51 | 30.69 | 17.68 | 7.62 | -45.96 | 6.25 | -38.85 | 0.20 | -48.72 | 38.83 | 20.97 | 21.47 | -20.22 | 83.73 | -9.64 | 16.67 | 127.22 | 0.00 | 0 | 5.14 | 102.36 |
| 2019 (6) | 2.00 | 1438.46 | 32.90 | 263.13 | 29.10 | 0 | 0.15 | -64.98 | 31.40 | 556.9 | 26.08 | 458.46 | 14.10 | 1368.75 | 10.22 | 1319.44 | 0.39 | 160.0 | 32.10 | 485.77 | 26.91 | -52.15 | 92.67 | 0 | 7.33 | -95.86 | 0.00 | 0 | 2.54 | -60.0 |
| 2018 (5) | 0.13 | -82.19 | 9.06 | -90.94 | -3.88 | 0 | 0.44 | -80.48 | 4.78 | -96.75 | 4.67 | -96.63 | 0.96 | -82.58 | 0.72 | -84.68 | 0.15 | 400.0 | 5.48 | -96.33 | 56.24 | 116.89 | -81.82 | 0 | 177.27 | 145.16 | 0.00 | 0 | 6.35 | -80.22 |
| 2017 (4) | 0.73 | 69.77 | 99.99 | 66.4 | 41.66 | 0 | 2.25 | -91.01 | 147.25 | -82.69 | 138.74 | -84.81 | 5.51 | 64.48 | 4.70 | 49.68 | 0.03 | 0 | 149.44 | -82.92 | 25.93 | 223.72 | 28.46 | 0 | 72.31 | -50.83 | 0.00 | 0 | 32.11 | -90.05 |
| 2016 (3) | 0.43 | 0 | 60.09 | -22.28 | -405.68 | 0 | 25.00 | 1075.0 | 850.60 | 19187.98 | 913.60 | 0 | 3.35 | 0 | 3.14 | 0 | 0.00 | 0 | 875.00 | 13614.73 | 8.01 | 56.14 | -47.06 | 0 | 147.06 | 0 | 0.00 | 0 | 322.66 | 1130.12 |
| 2015 (2) | -0.04 | 0 | 77.32 | 41.92 | 39.86 | -15.6 | 2.13 | 1584.04 | 4.41 | -90.76 | -6.85 | 0 | -0.30 | 0 | -0.28 | 0 | 0.04 | -93.94 | 6.38 | -86.68 | 5.13 | 19.86 | 950.00 | 860.16 | -825.00 | 0 | 0.00 | 0 | 26.23 | 1149.05 |
| 2014 (1) | 4.83 | 61.54 | 54.48 | 0 | 47.23 | 0 | 0.13 | -61.63 | 47.73 | 0 | 44.96 | 0 | 38.35 | 0 | 29.51 | 0 | 0.66 | 65.0 | 47.88 | -3.93 | 4.28 | -93.69 | 98.94 | -1.06 | 1.06 | 0 | 0.00 | 0 | 2.10 | -15.32 |
