- 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) | -0.33 | -83.33 | -57.14 | 54.80 | -9.42 | -11.21 | -99.96 | -30.74 | -65.06 | -156.91 | -118.05 | -157.48 | -156.91 | -118.05 | -157.48 | -2.88 | -87.01 | -61.8 | -0.61 | -60.53 | -45.24 | 0.00 | -100.0 | -100.0 | -100.00 | -175.03 | -380.08 | 332.89 | 9.98 | 6.51 | 62.07 | -41.58 | -37.93 | 34.48 | 651.72 | 0 | 86.23 | 21.01 | 19.04 |
| 24Q2 (19) | -0.18 | 30.77 | 21.74 | 60.50 | 1.9 | -4.84 | -76.46 | 20.59 | -20.89 | -71.96 | 26.74 | -6.54 | -71.96 | 26.74 | -6.54 | -1.54 | 32.75 | 18.09 | -0.38 | 30.91 | 17.39 | 0.01 | 0.0 | 0.0 | -36.36 | 36.37 | -45.44 | 302.67 | 9.2 | 6.04 | 106.25 | 11.56 | 13.33 | -6.25 | 0 | -200.0 | 71.26 | -24.71 | 18.06 |
| 24Q1 (18) | -0.26 | 38.1 | -62.5 | 59.37 | 336.22 | -8.66 | -96.29 | -156.57 | -40.41 | -98.23 | -153.43 | -21.44 | -98.23 | -153.43 | -21.44 | -2.29 | 36.39 | -1.78 | -0.55 | 32.93 | -1.85 | 0.01 | -50.0 | 0.0 | -57.14 | -114.25 | -71.44 | 277.16 | -21.74 | 3.26 | 95.24 | -1.36 | 13.1 | -0.00 | -100.0 | -100.0 | 94.65 | 188.92 | 15.38 |
| 23Q4 (17) | -0.42 | -100.0 | -200.0 | 13.61 | -77.95 | -13.31 | -37.53 | 38.03 | -99.2 | -38.76 | 36.4 | -76.91 | -38.76 | 36.4 | -76.91 | -3.60 | -102.25 | -88.48 | -0.82 | -95.24 | -164.52 | 0.02 | 100.0 | 0.0 | -26.67 | -28.04 | 0 | 354.17 | 13.32 | 33.51 | 96.55 | -3.45 | 17.24 | 3.45 | 0 | -70.69 | 32.76 | -54.78 | 78.24 |
| 23Q3 (16) | -0.21 | 8.7 | -16.67 | 61.72 | -2.93 | 94.21 | -60.56 | 4.25 | -190.73 | -60.94 | 9.77 | -44.51 | -60.94 | 9.77 | -44.51 | -1.78 | 5.32 | 28.8 | -0.42 | 8.7 | 4.55 | 0.01 | 0.0 | -50.0 | -20.83 | 16.68 | -175.89 | 312.55 | 9.5 | 27.53 | 100.00 | 6.67 | 109.09 | -0.00 | -100.0 | -100.0 | 72.44 | 20.01 | 142.19 |
| 23Q2 (15) | -0.23 | -43.75 | 0.0 | 63.58 | -2.18 | 717.22 | -63.25 | 7.77 | 59.99 | -67.54 | 16.5 | 63.84 | -67.54 | 16.5 | 63.84 | -1.88 | 16.44 | 38.76 | -0.46 | 14.81 | 37.84 | 0.01 | 0.0 | 0.0 | -25.00 | 24.99 | 65.91 | 285.44 | 6.35 | 20.16 | 93.75 | 11.33 | 9.38 | 6.25 | -60.42 | -56.25 | 60.36 | -26.42 | -29.17 |
| 23Q1 (14) | -0.16 | -14.29 | 0.0 | 65.00 | 314.01 | 12.11 | -68.58 | -264.01 | 25.0 | -80.89 | -269.19 | 33.1 | -80.89 | -269.19 | 33.1 | -2.25 | -17.8 | -6.64 | -0.54 | -74.19 | 27.03 | 0.01 | -50.0 | 0.0 | -33.33 | 0 | 19.06 | 268.40 | 1.18 | 51.45 | 84.21 | 2.26 | 12.28 | 15.79 | 34.21 | -36.84 | 82.03 | 346.3 | -6.0 |
| 22Q4 (13) | -0.14 | 22.22 | 60.0 | 15.70 | -50.6 | 106.82 | -18.84 | 9.55 | 95.78 | -21.91 | 48.04 | 96.13 | -21.91 | 48.04 | 96.13 | -1.91 | 23.6 | 52.72 | -0.31 | 29.55 | 88.17 | 0.02 | 0.0 | 0 | 0.00 | 100.0 | 100.0 | 265.28 | 8.25 | 349.86 | 82.35 | 72.19 | 6.26 | 11.76 | -75.4 | -41.18 | 18.38 | -38.55 | -89.11 |
| 22Q3 (12) | -0.18 | 21.74 | -5.88 | 31.78 | 308.48 | -61.81 | -20.83 | 86.82 | 96.62 | -42.17 | 77.42 | 93.77 | -42.17 | 77.42 | 93.77 | -2.50 | 18.57 | -21.95 | -0.44 | 40.54 | 67.88 | 0.02 | 100.0 | 0 | -7.55 | 89.7 | 98.26 | 245.07 | 3.17 | 562.89 | 47.83 | -44.2 | -47.14 | 47.83 | 234.78 | 402.17 | 29.91 | -64.9 | -89.14 |
| 22Q2 (11) | -0.23 | -43.75 | 43.9 | 7.78 | -86.58 | -89.37 | -158.09 | -72.89 | 18.1 | -186.77 | -54.46 | 54.6 | -186.77 | -54.46 | 54.6 | -3.07 | -45.5 | 51.35 | -0.74 | 0.0 | 81.27 | 0.01 | 0.0 | 0.0 | -73.33 | -78.07 | 78.54 | 237.55 | 34.04 | 499.42 | 85.71 | 14.29 | 82.61 | 14.29 | -42.86 | -73.08 | 85.22 | -2.35 | -42.1 |
| 22Q1 (10) | -0.16 | 54.29 | -77.78 | 57.98 | 125.17 | -22.67 | -91.44 | 79.5 | -99.87 | -120.92 | 78.64 | -289.19 | -120.92 | 78.64 | -289.19 | -2.11 | 47.77 | -45.52 | -0.74 | 71.76 | -32.14 | 0.01 | 0 | -50.0 | -41.18 | 90.7 | -305.9 | 177.22 | 200.53 | 112.72 | 75.00 | -3.23 | -45.45 | 25.00 | 25.0 | 150.0 | 87.27 | -48.29 | 48.98 |
| 21Q4 (9) | -0.35 | -105.88 | -84.21 | -230.31 | -376.78 | -653.1 | -445.96 | 27.74 | -1128.88 | -566.00 | 16.4 | -1370.89 | -566.00 | 16.4 | -1217.5 | -4.04 | -97.07 | -30.74 | -2.62 | -91.24 | -100.0 | 0.00 | 0 | -100.0 | -442.86 | -2.2 | -17199.22 | 58.97 | 59.51 | -43.89 | 77.50 | -14.34 | -16.96 | 20.00 | 110.0 | 200.0 | 168.78 | -38.71 | 446.21 |
| 21Q3 (8) | -0.17 | 58.54 | 84.11 | 83.21 | 13.64 | 218.45 | -617.15 | -219.73 | -9322.14 | -677.00 | -64.58 | -714.0 | -677.00 | -64.58 | -714.0 | -2.05 | 67.51 | 86.92 | -1.37 | 65.32 | 81.83 | 0.00 | -100.0 | -100.0 | -433.33 | -26.83 | -517.46 | 36.97 | -6.71 | -65.29 | 90.48 | 92.75 | 1127.89 | 9.52 | -82.05 | -89.6 | 275.40 | 87.11 | 2031.58 |
| 21Q2 (7) | -0.41 | -355.56 | -127.78 | 73.22 | -2.35 | 3.36 | -193.02 | -321.9 | -231.65 | -411.35 | -1223.95 | -519.97 | -411.35 | -1223.95 | -519.41 | -6.31 | -335.17 | -161.83 | -3.95 | -605.36 | -272.64 | 0.01 | -50.0 | -50.0 | -341.67 | -1808.35 | -8093.53 | 39.63 | -52.43 | -60.45 | 46.94 | -65.86 | -46.36 | 53.06 | 206.12 | 324.49 | 147.19 | 151.26 | 0 |
| 21Q1 (6) | -0.09 | 52.63 | -28.57 | 74.98 | 80.07 | 160.17 | -45.75 | -26.07 | -925.78 | -31.07 | 19.26 | -437.54 | -31.07 | 27.68 | -437.54 | -1.45 | 53.07 | -57.61 | -0.56 | 57.25 | -115.38 | 0.02 | -33.33 | -75.0 | 20.00 | 881.25 | 113.9 | 83.31 | -20.73 | -6.07 | 137.50 | 47.32 | 65.0 | -50.00 | -850.0 | -400.0 | 58.58 | 89.58 | 0 |
| 20Q4 (5) | -0.19 | 82.24 | 0.0 | 41.64 | 59.36 | -39.83 | -36.29 | -454.05 | 59.91 | -38.48 | 53.73 | 51.77 | -42.96 | 48.35 | 46.15 | -3.09 | 80.28 | 4.33 | -1.31 | 82.63 | 5.07 | 0.03 | -66.67 | 50.0 | -2.56 | 96.35 | 85.67 | 105.09 | -1.32 | 1.26 | 93.33 | 1166.67 | -17.87 | 6.67 | -92.72 | 148.89 | 30.90 | 139.16 | -41.32 |
| 20Q3 (4) | -1.07 | -494.44 | 0.0 | 26.13 | -63.11 | 0.0 | -6.55 | 88.75 | 0.0 | -83.17 | -25.35 | 0.0 | -83.17 | -25.24 | 0.0 | -15.67 | -550.21 | 0.0 | -7.54 | -611.32 | 0.0 | 0.09 | 350.0 | 0.0 | -70.18 | -1582.97 | 0.0 | 106.50 | 6.29 | 0.0 | 7.37 | -91.58 | 0.0 | 91.58 | 632.63 | 0.0 | 12.92 | 0 | 0.0 |
| 20Q2 (3) | -0.18 | -157.14 | 0.0 | 70.84 | 145.8 | 0.0 | -58.20 | -1204.93 | 0.0 | -66.35 | -1047.92 | 0.0 | -66.41 | -1048.96 | 0.0 | -2.41 | -161.96 | 0.0 | -1.06 | -307.69 | 0.0 | 0.02 | -75.0 | 0.0 | -4.17 | -144.6 | 0.0 | 100.20 | 12.98 | 0.0 | 87.50 | 5.0 | 0.0 | 12.50 | -25.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.07 | 63.16 | 0.0 | 28.82 | -58.35 | 0.0 | -4.46 | 95.07 | 0.0 | -5.78 | 92.76 | 0.0 | -5.78 | 92.76 | 0.0 | -0.92 | 71.52 | 0.0 | -0.26 | 81.16 | 0.0 | 0.08 | 300.0 | 0.0 | 9.35 | 152.35 | 0.0 | 88.69 | -14.54 | 0.0 | 83.33 | -26.67 | 0.0 | 16.67 | 222.22 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.19 | 0.0 | 0.0 | 69.20 | 0.0 | 0.0 | -90.53 | 0.0 | 0.0 | -79.78 | 0.0 | 0.0 | -79.78 | 0.0 | 0.0 | -3.23 | 0.0 | 0.0 | -1.38 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | -17.86 | 0.0 | 0.0 | 103.78 | 0.0 | 0.0 | 113.64 | 0.0 | 0.0 | -13.64 | 0.0 | 0.0 | 52.66 | 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) | -1.15 | 0 | 37.91 | 54.23 | -50.50 | 0 | 22.45 | 21.22 | -53.89 | 0 | -53.89 | 0 | -9.47 | 0 | -2.18 | 0 | 0.04 | -42.86 | -26.53 | 0 | 354.17 | 33.51 | 93.67 | 26.82 | 6.33 | -75.78 | 0.00 | 0 | 51.75 | 45.77 |
| 2022 (9) | -0.71 | 0 | 24.58 | -16.28 | -40.00 | 0 | 18.52 | -67.76 | -54.20 | 0 | -54.20 | 0 | -9.59 | 0 | -2.53 | 0 | 0.07 | 75.0 | -13.58 | 0 | 265.28 | 349.86 | 73.86 | 2.88 | 26.14 | -7.33 | 0.03 | -76.05 | 35.50 | -68.25 |
| 2021 (8) | -1.03 | 0 | 29.36 | -11.16 | -180.52 | 0 | 57.45 | 241.09 | -250.15 | 0 | -250.15 | 0 | -15.63 | 0 | -8.39 | 0 | 0.04 | -82.61 | -172.34 | 0 | 58.97 | -43.89 | 71.79 | 136.92 | 28.21 | -59.53 | 0.13 | 0 | 111.80 | 466.65 |
| 2020 (7) | -1.51 | 0 | 33.05 | 1080.36 | -14.22 | 0 | 16.84 | 386.51 | -46.39 | 0 | -47.02 | 0 | -22.10 | 0 | -10.05 | 0 | 0.23 | -70.13 | -25.26 | 0 | 105.09 | 1.26 | 30.30 | -62.32 | 69.70 | 243.68 | 0.00 | 0 | 19.73 | 390.8 |
| 2019 (6) | -1.34 | 0 | 2.80 | -86.75 | -7.48 | 0 | 3.46 | -77.04 | -9.35 | 0 | -10.22 | 0 | -22.78 | 0 | -6.72 | 0 | 0.77 | 1000.0 | -3.98 | 0 | 103.78 | -61.95 | 80.42 | -0.92 | 20.28 | 7.69 | 0.07 | -5.24 | 4.02 | -87.5 |
| 2018 (5) | -1.36 | 0 | 21.13 | 87.16 | -62.84 | 0 | 15.08 | 723.76 | -77.59 | 0 | -77.59 | 0 | -19.89 | 0 | -4.25 | 0 | 0.07 | -70.83 | -42.21 | 0 | 272.73 | 1.32 | 81.17 | 20.32 | 18.83 | -42.13 | 0.08 | 0 | 32.17 | 212.03 |
| 2017 (4) | -1.50 | 0 | 11.29 | 140.72 | -11.15 | 0 | 1.83 | 137.91 | -16.54 | 0 | -20.44 | 0 | -17.02 | 0 | -3.58 | 0 | 0.24 | 500.0 | -8.24 | 0 | 269.19 | 15.02 | 67.46 | 0.49 | 32.54 | -1.0 | 0.00 | 0 | 10.31 | -77.38 |
| 2016 (3) | -1.38 | 0 | 4.69 | -82.34 | -73.84 | 0 | 0.77 | 0 | -109.84 | 0 | -110.75 | 0 | -13.67 | 0 | -3.38 | 0 | 0.04 | 300.0 | -72.31 | 0 | 234.03 | 47.91 | 67.13 | -21.07 | 32.87 | 104.25 | 0.00 | 0 | 45.57 | -72.19 |
| 2015 (2) | -0.84 | 0 | 26.56 | -2.92 | -333.13 | 0 | 0.00 | 0 | -395.35 | 0 | -395.46 | 0 | -7.43 | 0 | -2.65 | 0 | 0.01 | -93.33 | -290.91 | 0 | 158.22 | 85.73 | 85.06 | 0 | 16.09 | -88.3 | 0.00 | 0 | 163.89 | 1979.82 |
| 2014 (1) | -0.21 | 0 | 27.36 | 0 | 1.43 | 0 | 0.00 | 0 | -4.34 | 0 | -5.67 | 0 | -1.69 | 0 | 0.02 | 0 | 0.15 | -42.31 | 7.89 | -62.54 | 85.19 | -19.48 | -31.25 | 0 | 137.50 | 0 | 0.00 | 0 | 7.88 | 61.48 |
