- 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) | -0.19 | -150.0 | -176.0 | -8.25 | -136.98 | -139.29 | -74.21 | -628.94 | -751.54 | -92.26 | -649.82 | -672.69 | -83.15 | -616.78 | -635.76 | -1.84 | -149.07 | -172.73 | -1.69 | -151.06 | -170.71 | 0.02 | -90.48 | -86.67 | -69.23 | -467.85 | -493.8 | 5.89 | -47.74 | -11.03 | 79.17 | -6.25 | 9.33 | 20.83 | 33.93 | -32.87 | 26.56 | 625.68 | 416.73 |
| 24Q2 (19) | 0.38 | 171.43 | 375.0 | 22.31 | 94.34 | -15.78 | 14.03 | 2126.98 | 264.42 | 16.78 | 605.04 | 26.83 | 16.09 | 87.31 | 27.7 | 3.75 | 167.86 | 357.32 | 3.31 | 160.63 | 313.75 | 0.21 | 40.0 | 250.0 | 18.82 | 247.87 | -51.61 | 11.27 | -25.36 | 135.77 | 84.44 | 237.78 | 153.33 | 15.56 | -79.26 | -80.0 | 3.66 | -47.34 | -67.32 |
| 24Q1 (18) | 0.14 | 0 | -36.36 | 11.48 | -30.04 | -26.55 | 0.63 | -58.0 | -93.46 | 2.38 | 288.89 | -75.81 | 8.59 | 3536.0 | -13.49 | 1.40 | 3600.0 | -41.18 | 1.27 | 4333.33 | -43.81 | 0.15 | 15.38 | -34.78 | 5.41 | 772.58 | -50.14 | 15.10 | 182.24 | 748.31 | 25.00 | 125.0 | -75.0 | 75.00 | -62.5 | 1775.0 | 6.95 | -25.03 | 130.9 |
| 23Q4 (17) | 0.00 | -100.0 | 100.0 | 16.41 | -21.86 | -83.57 | 1.50 | -86.83 | 100.17 | -1.26 | -107.82 | 99.87 | -0.25 | -101.61 | 99.98 | -0.04 | -101.58 | 97.87 | -0.03 | -101.26 | 98.31 | 0.13 | -13.33 | 0 | 0.62 | -96.47 | 100.07 | 5.35 | -19.18 | -37.79 | -100.00 | -238.1 | -217.65 | 200.00 | 544.44 | 1900.0 | 9.27 | 80.35 | -97.74 |
| 23Q3 (16) | 0.25 | 212.5 | 725.0 | 21.00 | -20.72 | 277.02 | 11.39 | 195.84 | 108.41 | 16.11 | 21.77 | 137.95 | 15.52 | 23.17 | 135.91 | 2.53 | 208.54 | 732.5 | 2.39 | 198.75 | 712.82 | 0.15 | 150.0 | 1400.0 | 17.58 | -54.8 | 158.6 | 6.62 | 38.49 | 64.68 | 72.41 | 117.24 | -79.31 | 31.03 | -60.1 | 113.79 | 5.14 | -54.11 | -91.62 |
| 23Q2 (15) | 0.08 | -63.64 | 260.0 | 26.49 | 69.48 | 21.68 | 3.85 | -60.02 | 100.54 | 13.23 | 34.45 | 103.93 | 12.60 | 26.89 | 103.74 | 0.82 | -65.55 | 251.85 | 0.80 | -64.6 | 253.85 | 0.06 | -73.91 | 0 | 38.89 | 258.43 | 119.45 | 4.78 | 168.54 | 42.26 | 33.33 | -66.67 | -83.33 | 77.78 | 1844.44 | 166.67 | 11.20 | 272.09 | -96.86 |
| 23Q1 (14) | 0.22 | 222.22 | 375.0 | 15.63 | -84.35 | 646.5 | 9.63 | 101.11 | 127.17 | 9.84 | 100.99 | 144.22 | 9.93 | 100.98 | 144.63 | 2.38 | 226.6 | 373.56 | 2.26 | 227.68 | 372.29 | 0.23 | 0 | 475.0 | 10.85 | 101.21 | 156.96 | 1.78 | -79.3 | -51.37 | 100.00 | 17.65 | -40.0 | 4.00 | -60.0 | 106.0 | 3.01 | -99.26 | -79.55 |
| 22Q4 (13) | -0.18 | -350.0 | 18.18 | 99.90 | 1693.54 | 129.34 | -868.37 | -541.43 | -145.98 | -992.68 | -2238.47 | -72.04 | -1010.58 | -2238.22 | -75.14 | -1.88 | -370.0 | 18.97 | -1.77 | -353.85 | 20.27 | 0.00 | -100.0 | 0 | -900.00 | -2900.0 | -63.64 | 8.60 | 113.93 | 50.61 | 85.00 | -75.71 | 41.67 | 10.00 | 104.44 | -75.0 | 409.42 | 567.79 | 192.4 |
| 22Q3 (12) | -0.04 | 20.0 | 63.64 | 5.57 | -74.41 | 596.25 | -135.38 | 81.15 | 96.23 | -42.45 | 87.39 | 98.68 | -43.22 | 87.16 | 98.65 | -0.40 | 25.93 | 63.64 | -0.39 | 25.0 | 63.55 | 0.01 | 0 | 0 | -30.00 | 85.0 | 0 | 4.02 | 19.64 | 5.24 | 350.00 | 75.0 | 200.0 | -225.00 | -92.86 | -2600.0 | 61.31 | -82.83 | -96.34 |
| 22Q2 (11) | -0.05 | 37.5 | 70.59 | 21.77 | 861.19 | -68.96 | -718.18 | -1925.9 | 85.3 | -336.60 | -1412.81 | 94.04 | -336.60 | -1412.81 | 93.89 | -0.54 | 37.93 | 69.32 | -0.52 | 37.35 | 69.41 | 0.00 | -100.0 | 0 | -200.00 | -949.87 | 0 | 3.36 | -8.2 | 4.67 | 200.00 | 20.0 | 135.29 | -116.67 | -75.0 | -877.78 | 357.04 | 2325.54 | -80.01 |
| 22Q1 (10) | -0.08 | 63.64 | 38.46 | -2.86 | -106.57 | -113.74 | -35.45 | 89.96 | 65.55 | -22.25 | 96.14 | 77.99 | -22.25 | 96.14 | 78.73 | -0.87 | 62.5 | 33.59 | -0.83 | 62.61 | 34.13 | 0.04 | 0 | 300.0 | -19.05 | 96.54 | 77.77 | 3.66 | -35.9 | 13.31 | 166.67 | 177.78 | 55.56 | -66.67 | -266.67 | 0 | 14.72 | -89.49 | -67.22 |
| 21Q4 (9) | -0.22 | -100.0 | 56.86 | 43.56 | 5345.0 | 127.47 | -353.03 | 90.17 | -2039.58 | -577.02 | 82.03 | -252.38 | -577.02 | 82.03 | -252.38 | -2.32 | -110.91 | 53.88 | -2.22 | -107.48 | 54.32 | 0.00 | 0 | -100.0 | -550.00 | 0 | -241.38 | 5.71 | 49.48 | 38.59 | 60.00 | -48.57 | 490.0 | 40.00 | 580.0 | -55.47 | 140.02 | -91.64 | 738.44 |
| 21Q3 (8) | -0.11 | 35.29 | -10.0 | 0.80 | -98.86 | -98.95 | -3591.25 | 26.49 | -116.53 | -3211.41 | 43.17 | -107.37 | -3211.41 | 41.71 | -107.37 | -1.10 | 37.5 | -15.79 | -1.07 | 37.06 | -16.3 | 0.00 | 0 | 0 | 0.00 | 0 | 100.0 | 3.82 | 19.0 | 34.98 | 116.67 | 37.25 | 16.67 | -8.33 | -155.56 | 0.0 | 1674.54 | -6.24 | 94.05 |
| 21Q2 (7) | -0.17 | -30.77 | 37.04 | 70.14 | 237.05 | 10.91 | -4885.35 | -4647.21 | -37624.71 | -5650.99 | -5490.61 | -3000.17 | -5509.01 | -5165.23 | -3042.26 | -1.76 | -34.35 | 26.67 | -1.70 | -34.92 | 26.41 | 0.00 | -100.0 | -100.0 | 0.00 | 100.0 | 100.0 | 3.21 | -0.62 | 15.88 | 85.00 | -20.67 | 1260.0 | 15.00 | 0 | -84.0 | 1785.92 | 3876.66 | 4603.5 |
| 21Q1 (6) | -0.13 | 74.51 | -30.0 | 20.81 | 8.67 | -19.81 | -102.91 | -523.7 | 42.17 | -101.08 | 38.27 | 44.68 | -104.63 | 36.1 | 42.73 | -1.31 | 73.96 | -47.19 | -1.26 | 74.07 | -50.0 | 0.01 | -66.67 | 0 | -85.71 | 46.8 | 48.58 | 3.23 | -21.6 | -33.26 | 107.14 | 953.57 | 7.14 | -0.00 | -100.0 | 0 | 44.91 | 168.92 | 0 |
| 20Q4 (5) | -0.51 | -410.0 | -466.67 | 19.15 | -74.76 | -33.07 | -16.50 | 99.01 | -414.29 | -163.75 | 89.43 | -2728.15 | -163.75 | 89.43 | -1526.12 | -5.03 | -429.47 | -608.45 | -4.86 | -428.26 | -625.37 | 0.03 | 0 | -57.14 | -161.11 | 82.1 | 0 | 4.12 | 45.58 | -42.54 | 10.17 | -89.83 | 112.2 | 89.83 | 1177.97 | -51.0 | 16.70 | -98.06 | 94.87 |
| 20Q3 (4) | -0.10 | 62.96 | 0.0 | 75.87 | 19.97 | 0.0 | -1658.53 | -12707.18 | 0.0 | -1548.67 | -749.61 | 0.0 | -1548.67 | -783.34 | 0.0 | -0.95 | 60.42 | 0.0 | -0.92 | 60.17 | 0.0 | 0.00 | -100.0 | 0.0 | -900.00 | -439.99 | 0.0 | 2.83 | 2.17 | 0.0 | 100.00 | 1500.0 | 0.0 | -8.33 | -108.89 | 0.0 | 862.93 | 2172.66 | 0.0 |
| 20Q2 (3) | -0.27 | -170.0 | 0.0 | 63.24 | 143.7 | 0.0 | -12.95 | 92.72 | 0.0 | -182.28 | 0.24 | 0.0 | -175.32 | 4.04 | 0.0 | -2.40 | -169.66 | 0.0 | -2.31 | -175.0 | 0.0 | 0.01 | 0 | 0.0 | -166.67 | 0.0 | 0.0 | 2.77 | -42.77 | 0.0 | 6.25 | -93.75 | 0.0 | 93.75 | 0 | 0.0 | 37.97 | 0 | 0.0 |
| 20Q1 (2) | -0.10 | -11.11 | 0.0 | 25.95 | -9.3 | 0.0 | -177.96 | -3489.71 | 0.0 | -182.71 | -3055.61 | 0.0 | -182.71 | -1714.4 | 0.0 | -0.89 | -25.35 | 0.0 | -0.84 | -25.37 | 0.0 | 0.00 | -100.0 | 0.0 | -166.67 | 0 | 0.0 | 4.84 | -32.5 | 0.0 | 100.00 | 220.0 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -0.09 | 0.0 | 0.0 | 28.61 | 0.0 | 0.0 | 5.25 | 0.0 | 0.0 | -5.79 | 0.0 | 0.0 | -10.07 | 0.0 | 0.0 | -0.71 | 0.0 | 0.0 | -0.67 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 7.17 | 0.0 | 0.0 | -83.33 | 0.0 | 0.0 | 183.33 | 0.0 | 0.0 | 8.57 | 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) | 0.55 | 0 | 18.43 | 498.38 | 7.55 | 0 | 1.49 | -88.1 | 9.25 | 0 | 9.30 | 0 | 5.70 | 0 | 5.33 | 0 | 0.57 | 1040.0 | 13.24 | 0 | 5.35 | -37.79 | 82.26 | -44.69 | 17.74 | 0 | 6.39 | -19.55 | 5.95 | -87.54 |
| 2022 (9) | -0.35 | 0 | 3.08 | -88.36 | -104.21 | 0 | 12.50 | -73.61 | -70.17 | 0 | -70.94 | 0 | -3.71 | 0 | -3.46 | 0 | 0.05 | 150.0 | -57.14 | 0 | 8.60 | 50.61 | 148.72 | 75.54 | -48.72 | 0 | 7.94 | 465.57 | 47.74 | -63.37 |
| 2021 (8) | -0.63 | 0 | 26.47 | -20.46 | -315.70 | 0 | 47.37 | 312.78 | -371.66 | 0 | -371.66 | 0 | -6.45 | 0 | -6.15 | 0 | 0.02 | -60.0 | -331.58 | 0 | 5.71 | 38.59 | 84.72 | 201.82 | 15.28 | -78.76 | 1.40 | 11.63 | 130.33 | 208.99 |
| 2020 (7) | -0.98 | 0 | 33.28 | 8.26 | -52.96 | 0 | 11.48 | 263.39 | -188.19 | 0 | -186.18 | 0 | -9.09 | 0 | -8.59 | 0 | 0.05 | -73.68 | -175.41 | 0 | 4.12 | -42.54 | 28.07 | -76.61 | 71.93 | 0 | 1.26 | 81.71 | 42.18 | 266.78 |
| 2019 (6) | 0.04 | -86.21 | 30.74 | 37.29 | 4.30 | -34.45 | 3.16 | 656.32 | 3.35 | -50.66 | 1.53 | -68.58 | 0.38 | -84.3 | 0.37 | -81.5 | 0.19 | -38.71 | 7.02 | -23.61 | 7.17 | -89.16 | 120.00 | 27.74 | -30.00 | 0 | 0.69 | 0 | 11.50 | 67.88 |
| 2018 (5) | 0.29 | -38.3 | 22.39 | -30.4 | 6.56 | 0 | 0.42 | -86.78 | 6.79 | -80.78 | 4.87 | -86.22 | 2.42 | -46.81 | 2.00 | -38.65 | 0.31 | 342.86 | 9.19 | -88.66 | 66.12 | 16.9 | 93.94 | 0 | 3.03 | -97.87 | 0.00 | 0 | 6.85 | -64.27 |
| 2017 (4) | 0.47 | 0 | 32.17 | 0 | -14.17 | 0 | 3.16 | -21.05 | 35.33 | 0 | 35.33 | 0 | 4.55 | 0 | 3.26 | 0 | 0.07 | -41.67 | 81.05 | 0 | 56.56 | -45.93 | -39.39 | 0 | 142.42 | 961.06 | 0.00 | 0 | 19.17 | 8.86 |
| 2016 (3) | -2.14 | 0 | -25.56 | 0 | -103.07 | 0 | 4.00 | -44.94 | -119.10 | 0 | -118.95 | 0 | -29.96 | 0 | -14.03 | 0 | 0.12 | -72.73 | -40.80 | 0 | 104.60 | 6.33 | 86.58 | -37.62 | 13.42 | 0 | 0.00 | 0 | 17.61 | -56.03 |
| 2015 (2) | -3.25 | 0 | -29.76 | 0 | -48.95 | 0 | 7.26 | 60.1 | -35.30 | 0 | -41.53 | 0 | -35.04 | 0 | -17.95 | 0 | 0.44 | -61.74 | -26.92 | 0 | 98.37 | 13.92 | 138.79 | 118.1 | -38.79 | 0 | 0.00 | 0 | 40.05 | 46.11 |
| 2014 (1) | 1.13 | 0 | 7.56 | 0 | 3.61 | 0 | 4.54 | -35.9 | 5.65 | 0 | 5.56 | 0 | 11.40 | 0 | 6.47 | 0 | 1.15 | 1.77 | 10.36 | 85.66 | 86.35 | 23.96 | 63.64 | -32.12 | 36.36 | 481.82 | 0.00 | 0 | 27.41 | -13.31 |
