- 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) | -0.41 | -46.43 | 0 | 28.65 | 2.98 | -18.12 | -31.61 | -44.21 | -471.61 | -27.03 | -60.42 | -270200.0 | -26.72 | -60.29 | -20453.85 | -3.60 | -62.9 | -17900.0 | -3.16 | -63.73 | -31500.0 | 0.12 | 0.0 | -14.29 | -22.70 | -93.03 | -656.37 | 14.51 | 1.82 | 6.22 | 117.11 | -8.92 | 0 | -17.11 | 44.12 | 0 | 38.15 | 9.22 | 57.0 |
| 24Q2 (19) | -0.28 | -86.67 | -1033.33 | 27.82 | -13.09 | -7.67 | -21.92 | -37.52 | -661.11 | -16.85 | -125.57 | -826.29 | -16.67 | -117.91 | -1588.39 | -2.21 | -116.67 | -1263.16 | -1.93 | -116.85 | -1172.22 | 0.12 | 0.0 | -14.29 | -11.76 | -333.95 | -295.67 | 14.25 | 21.38 | -27.88 | 128.57 | -39.82 | 205.19 | -30.61 | 73.06 | -113.78 | 34.93 | 13.7 | 70.39 |
| 24Q1 (18) | -0.15 | -600.0 | -157.69 | 32.01 | -10.41 | -5.94 | -15.94 | -2043.9 | -381.13 | -7.47 | -641.3 | -185.47 | -7.65 | -434.06 | -180.95 | -1.02 | -337.21 | -150.0 | -0.89 | -328.21 | -151.74 | 0.12 | -29.41 | -33.33 | -2.71 | -160.22 | -123.57 | 11.74 | -13.23 | -34.19 | 213.64 | 327.27 | 228.08 | -113.64 | -440.91 | -425.76 | 30.72 | 55.07 | 62.54 |
| 23Q4 (17) | 0.03 | 0 | -91.18 | 35.73 | 2.11 | 4.05 | 0.82 | 114.83 | -89.76 | 1.38 | 13900.0 | -83.75 | 2.29 | 1861.54 | -78.33 | 0.43 | 2250.0 | -83.27 | 0.39 | 4000.0 | -80.98 | 0.17 | 21.43 | -10.53 | 4.50 | 10.29 | -59.64 | 13.53 | -0.95 | -42.35 | 50.00 | 0 | -46.51 | 33.33 | 0 | 411.11 | 19.81 | -18.48 | 18.55 |
| 23Q3 (16) | 0.00 | -100.0 | -100.0 | 34.99 | 16.13 | -1.88 | -5.53 | -92.01 | -182.78 | -0.01 | -100.43 | -100.11 | -0.13 | -111.61 | -101.57 | -0.02 | -110.53 | -101.06 | -0.01 | -105.56 | -100.67 | 0.14 | 0.0 | -22.22 | 4.08 | -32.11 | -66.2 | 13.66 | -30.87 | -55.92 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 24.30 | 18.54 | 24.68 |
| 23Q2 (15) | 0.03 | -88.46 | -78.57 | 30.13 | -11.46 | -15.03 | -2.88 | -150.79 | -142.35 | 2.32 | -73.46 | -65.83 | 1.12 | -88.15 | -82.77 | 0.19 | -90.69 | -87.58 | 0.18 | -89.53 | -85.37 | 0.14 | -22.22 | -26.32 | 6.01 | -47.74 | -36.0 | 19.76 | 10.76 | -26.08 | -122.22 | -287.7 | -222.22 | 222.22 | 537.04 | 0 | 20.50 | 8.47 | 5.72 |
| 23Q1 (14) | 0.26 | -23.53 | 18.18 | 34.03 | -0.9 | -8.96 | 5.67 | -29.21 | -17.23 | 8.74 | 2.94 | -9.62 | 9.45 | -10.6 | 4.77 | 2.04 | -20.62 | 5.7 | 1.72 | -16.1 | 10.26 | 0.18 | -5.26 | 5.88 | 11.50 | 3.14 | -8.22 | 17.84 | -23.99 | -26.52 | 65.12 | -30.34 | -8.84 | 34.88 | 434.88 | 22.09 | 18.90 | 13.11 | -8.43 |
| 22Q4 (13) | 0.34 | 47.83 | 70.0 | 34.34 | -3.7 | -8.16 | 8.01 | 19.91 | 27.14 | 8.49 | -9.39 | -16.44 | 10.57 | 27.5 | 10.33 | 2.57 | 36.7 | 15.77 | 2.05 | 37.58 | 12.02 | 0.19 | 5.56 | 0.0 | 11.15 | -7.62 | -14.36 | 23.47 | -24.27 | -2.25 | 93.48 | 30.3 | 48.28 | 6.52 | -76.92 | -82.35 | 16.71 | -14.26 | -3.86 |
| 22Q3 (12) | 0.23 | 64.29 | 43.75 | 35.66 | 0.56 | -10.65 | 6.68 | -1.76 | -32.32 | 9.37 | 38.0 | 9.33 | 8.29 | 27.54 | -21.79 | 1.88 | 22.88 | -22.31 | 1.49 | 21.14 | -27.32 | 0.18 | -5.26 | -5.26 | 12.07 | 28.54 | 3.16 | 30.99 | 15.94 | 51.47 | 71.74 | -28.26 | -38.27 | 28.26 | 0 | 274.28 | 19.49 | 0.52 | 1.62 |
| 22Q2 (11) | 0.14 | -36.36 | -22.22 | 35.46 | -5.14 | -8.77 | 6.80 | -0.73 | 5.59 | 6.79 | -29.78 | -46.83 | 6.50 | -27.94 | -43.08 | 1.53 | -20.73 | -37.8 | 1.23 | -21.15 | -42.25 | 0.19 | 11.76 | 0.0 | 9.39 | -25.06 | -40.87 | 26.73 | 10.09 | 50.68 | 100.00 | 40.0 | 96.15 | 0.00 | -100.0 | -100.0 | 19.39 | -6.06 | -2.12 |
| 22Q1 (10) | 0.22 | 10.0 | 175.0 | 37.38 | -0.03 | -4.3 | 6.85 | 8.73 | 34.31 | 9.67 | -4.82 | 27.57 | 9.02 | -5.85 | 42.27 | 1.93 | -13.06 | 62.18 | 1.56 | -14.75 | 50.0 | 0.17 | -10.53 | 6.25 | 12.53 | -3.76 | 5.74 | 24.28 | 1.12 | 60.69 | 71.43 | 13.3 | 3.17 | 28.57 | -22.69 | -17.46 | 20.64 | 18.76 | -5.97 |
| 21Q4 (9) | 0.20 | 25.0 | 185.71 | 37.39 | -6.31 | 14.59 | 6.30 | -36.17 | 600.0 | 10.16 | 18.55 | 50.97 | 9.58 | -9.62 | 54.02 | 2.22 | -8.26 | 83.47 | 1.83 | -10.73 | 74.29 | 0.19 | 0.0 | 18.75 | 13.02 | 11.28 | 21.0 | 24.01 | 17.35 | 26.9 | 63.04 | -45.75 | 404.35 | 36.96 | 327.9 | -57.76 | 17.38 | -9.38 | 6.23 |
| 21Q3 (8) | 0.16 | -11.11 | 328.57 | 39.91 | 2.68 | 11.73 | 9.87 | 53.26 | 378.81 | 8.57 | -32.89 | 541.75 | 10.60 | -7.18 | 529.15 | 2.42 | -1.63 | 736.84 | 2.05 | -3.76 | 832.14 | 0.19 | 0.0 | 46.15 | 11.70 | -26.32 | 269.09 | 20.46 | 15.33 | 12.23 | 116.22 | 127.96 | -41.89 | -16.22 | -131.81 | 83.78 | 19.18 | -3.18 | -24.31 |
| 21Q2 (7) | 0.18 | 125.0 | 300.0 | 38.87 | -0.49 | 13.32 | 6.44 | 26.27 | 193.47 | 12.77 | 68.47 | 340.94 | 11.42 | 80.13 | 336.93 | 2.46 | 106.72 | 472.73 | 2.13 | 104.81 | 501.89 | 0.19 | 18.75 | 58.33 | 15.88 | 34.01 | 0 | 17.74 | 17.41 | -6.93 | 50.98 | -26.36 | -61.01 | 50.98 | 47.28 | 265.69 | 19.81 | -9.75 | 0 |
| 21Q1 (6) | 0.08 | 14.29 | 124.24 | 39.06 | 19.71 | 8.89 | 5.10 | 466.67 | 133.33 | 7.58 | 12.63 | 127.32 | 6.34 | 1.93 | 122.06 | 1.19 | -1.65 | 136.73 | 1.04 | -0.95 | 139.1 | 0.16 | 0.0 | 77.78 | 11.85 | 10.13 | 158.43 | 15.11 | -20.14 | -17.07 | 69.23 | 453.85 | 27.64 | 34.62 | -60.44 | -21.45 | 21.95 | 34.17 | -34.36 |
| 20Q4 (5) | 0.07 | 200.0 | 187.5 | 32.63 | -8.65 | -8.14 | 0.90 | 125.42 | 118.83 | 6.73 | 446.91 | 235.96 | 6.22 | 351.82 | 248.45 | 1.21 | 418.42 | 308.62 | 1.05 | 475.0 | 362.5 | 0.16 | 23.08 | 45.45 | 10.76 | 239.43 | 860.71 | 18.92 | 3.78 | -2.07 | 12.50 | -93.75 | -87.5 | 87.50 | 187.5 | 0 | 16.36 | -35.44 | -28.78 |
| 20Q3 (4) | -0.07 | 22.22 | 0.0 | 35.72 | 4.14 | 0.0 | -3.54 | 48.62 | 0.0 | -1.94 | 63.4 | 0.0 | -2.47 | 48.76 | 0.0 | -0.38 | 42.42 | 0.0 | -0.28 | 47.17 | 0.0 | 0.13 | 8.33 | 0.0 | 3.17 | 0 | 0.0 | 18.23 | -4.35 | 0.0 | 200.00 | 52.94 | 0.0 | -100.00 | -225.0 | 0.0 | 25.34 | 0 | 0.0 |
| 20Q2 (3) | -0.09 | 72.73 | 0.0 | 34.30 | -4.38 | 0.0 | -6.89 | 54.97 | 0.0 | -5.30 | 80.9 | 0.0 | -4.82 | 83.23 | 0.0 | -0.66 | 79.63 | 0.0 | -0.53 | 80.08 | 0.0 | 0.12 | 33.33 | 0.0 | 0.00 | 100.0 | 0.0 | 19.06 | 4.61 | 0.0 | 130.77 | 141.11 | 0.0 | -30.77 | -169.82 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.33 | -312.5 | 0.0 | 35.87 | 0.99 | 0.0 | -15.30 | -220.08 | 0.0 | -27.75 | -460.61 | 0.0 | -28.74 | -585.92 | 0.0 | -3.24 | -458.62 | 0.0 | -2.66 | -565.0 | 0.0 | 0.09 | -18.18 | 0.0 | -20.28 | -1910.71 | 0.0 | 18.22 | -5.69 | 0.0 | 54.24 | -45.76 | 0.0 | 44.07 | 0 | 0.0 | 33.44 | 45.58 | 0.0 |
| 19Q4 (1) | -0.08 | 0.0 | 0.0 | 35.52 | 0.0 | 0.0 | -4.78 | 0.0 | 0.0 | -4.95 | 0.0 | 0.0 | -4.19 | 0.0 | 0.0 | -0.58 | 0.0 | 0.0 | -0.40 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 1.12 | 0.0 | 0.0 | 19.32 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 22.97 | 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) | 0.33 | -64.52 | 33.77 | -5.22 | -0.02 | 0 | 3.25 | 26.8 | 3.45 | -59.6 | 3.58 | -58.52 | 2.68 | -66.42 | 2.33 | -64.37 | 0.63 | -16.0 | 6.81 | -39.41 | 13.53 | -42.35 | 0.00 | 0 | 101.75 | 506.89 | 0.16 | 9.38 | 20.70 | 9.23 |
| 2022 (9) | 0.93 | 47.62 | 35.63 | -8.12 | 7.12 | 1.28 | 2.57 | -19.19 | 8.54 | -13.21 | 8.63 | -10.29 | 7.98 | -3.51 | 6.54 | -4.8 | 0.75 | 5.63 | 11.24 | -14.39 | 23.47 | -2.25 | 83.23 | 16.53 | 16.77 | -41.32 | 0.15 | -10.51 | 18.95 | -2.42 |
| 2021 (8) | 0.63 | 0 | 38.78 | 12.63 | 7.03 | 0 | 3.17 | -33.99 | 9.84 | 0 | 9.62 | 0 | 8.27 | 0 | 6.87 | 0 | 0.71 | 44.9 | 13.13 | 4762.96 | 24.01 | 26.9 | 71.43 | -32.33 | 28.57 | 0 | 0.16 | -11.86 | 19.42 | -20.02 |
| 2020 (7) | -0.42 | 0 | 34.43 | -5.83 | -5.16 | 0 | 4.81 | -6.51 | -4.91 | 0 | -5.29 | 0 | -3.12 | 0 | -2.45 | 0 | 0.49 | 4.26 | 0.27 | -90.36 | 18.92 | -2.07 | 105.56 | -43.28 | -5.56 | 0 | 0.18 | 5.35 | 24.28 | -8.58 |
| 2019 (6) | -0.20 | 0 | 36.56 | -2.19 | -6.08 | 0 | 5.14 | 6.63 | -3.23 | 0 | -3.02 | 0 | -1.73 | 0 | -1.10 | 0 | 0.47 | 23.68 | 2.80 | 0 | 19.32 | -20.43 | 186.11 | 86.11 | -88.89 | 0 | 0.17 | -14.82 | 26.56 | -18.33 |
| 2018 (5) | -0.51 | 0 | 37.38 | -3.96 | -9.84 | 0 | 4.82 | 21.71 | -9.88 | 0 | -10.01 | 0 | -4.69 | 0 | -3.64 | 0 | 0.38 | -20.83 | -4.50 | 0 | 24.28 | 10.82 | 100.00 | -16.98 | -0.00 | 0 | 0.21 | 0 | 32.52 | 20.49 |
| 2017 (4) | -0.24 | 0 | 38.92 | 2.45 | -4.82 | 0 | 3.96 | 16.31 | -3.95 | 0 | -3.90 | 0 | -2.20 | 0 | -1.87 | 0 | 0.48 | -15.79 | 0.00 | 0 | 21.91 | 80.92 | 120.45 | 0 | -22.73 | 0 | 0.00 | 0 | 26.99 | 10.34 |
| 2016 (3) | 0.01 | 0 | 37.99 | 11.41 | -3.00 | 0 | 3.41 | 8.81 | 0.67 | 0 | 0.20 | 0 | 0.13 | 0 | 0.11 | 0 | 0.57 | 5.56 | 4.11 | 0 | 12.11 | -11.67 | -433.33 | 0 | 522.22 | 1531.94 | 0.00 | 0 | 24.46 | -10.6 |
| 2015 (2) | -0.81 | 0 | 34.10 | 0.53 | -7.98 | 0 | 3.13 | 27.83 | -11.74 | 0 | -11.61 | 0 | -7.11 | 0 | -6.27 | 0 | 0.54 | -14.29 | -8.61 | 0 | 13.71 | 4.66 | 68.00 | 0 | 32.00 | -73.33 | 0.00 | 0 | 27.36 | 21.38 |
| 2014 (1) | 0.45 | 0 | 33.92 | 0 | -1.18 | 0 | 2.45 | 17.77 | 5.97 | 0 | 5.22 | 0 | 3.75 | 0 | 3.29 | 0 | 0.63 | 1.61 | 8.41 | 0 | 13.10 | -13.93 | -20.00 | 0 | 120.00 | 0 | 0.00 | 0 | 22.54 | -4.69 |
