- 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) | -0.34 | 26.09 | -17.24 | 29.12 | -3.35 | 356.56 | -170.41 | 7.95 | 0.04 | -130.79 | 24.94 | -3.65 | -129.85 | 25.22 | -2.38 | -2.65 | 24.5 | -25.0 | -1.80 | 27.13 | -20.0 | 0.01 | 0.0 | 0.0 | -116.67 | 30.0 | -16.67 | 41.61 | 9.64 | 23.84 | 125.00 | 14.58 | -2.78 | -25.00 | -175.0 | 12.5 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.46 | -70.37 | -84.0 | 30.13 | 8.62 | 153.83 | -185.13 | -20.28 | 6.03 | -174.24 | -62.4 | -32.9 | -173.65 | -58.71 | -30.75 | -3.51 | -80.0 | -99.43 | -2.47 | -81.62 | -100.81 | 0.01 | 0.0 | 0.0 | -166.67 | -100.01 | -66.67 | 37.95 | 8.27 | 15.21 | 109.09 | -27.27 | -27.27 | -9.09 | 81.82 | 81.82 | 114.61 | -2.97 | 0.39 |
| 24Q1 (18) | -0.27 | -325.0 | 0.0 | 27.74 | -6.28 | -14.46 | -153.91 | -14.03 | 25.17 | -107.29 | -211.64 | 38.39 | -109.41 | -336.15 | 36.79 | -1.95 | -332.14 | -2.63 | -1.36 | -286.3 | -1.49 | 0.01 | 0.0 | 0.0 | -83.33 | -171.42 | 33.34 | 35.05 | 2.64 | 8.25 | 150.00 | 212.5 | 12.5 | -50.00 | -123.08 | -200.0 | 118.12 | 6.99 | -5.28 |
| 23Q4 (17) | 0.12 | 141.38 | -78.95 | 29.60 | 360.79 | 199.3 | -134.97 | 20.82 | 76.56 | 96.10 | 176.16 | -86.64 | 46.33 | 136.53 | -93.93 | 0.84 | 139.62 | -79.0 | 0.73 | 148.67 | -77.04 | 0.01 | 0.0 | 0 | 116.67 | 216.67 | -83.33 | 34.15 | 1.64 | 4.21 | -133.33 | -203.7 | -60.0 | 216.67 | 858.33 | 18.18 | 110.40 | 19.38 | -59.39 |
| 23Q3 (16) | -0.29 | -16.0 | -107.14 | -11.35 | -195.62 | -128.5 | -170.47 | 13.47 | 49.67 | -126.18 | 3.76 | 37.06 | -126.83 | 4.5 | 37.3 | -2.12 | -20.45 | -103.85 | -1.50 | -21.95 | -94.81 | 0.01 | 0.0 | 0 | -100.00 | 0.0 | 0.0 | 33.60 | 2.0 | 25.61 | 128.57 | -14.29 | -35.71 | -28.57 | 42.86 | 57.14 | 92.48 | -19.0 | -44.47 |
| 23Q2 (15) | -0.25 | 7.41 | -733.33 | 11.87 | -63.4 | -88.13 | -197.00 | 4.22 | 86.41 | -131.11 | 24.71 | 28.58 | -132.81 | 23.27 | 29.21 | -1.76 | 7.37 | -633.33 | -1.23 | 8.21 | -720.0 | 0.01 | 0.0 | 0 | -100.00 | 20.0 | 0 | 32.94 | 1.73 | 65.94 | 150.00 | 12.5 | -75.0 | -50.00 | -200.0 | 90.0 | 114.17 | -8.45 | -81.39 |
| 23Q1 (14) | -0.27 | -147.37 | -92.86 | 32.43 | 208.79 | -67.57 | -205.68 | 64.28 | 88.7 | -174.15 | -124.21 | 84.79 | -173.08 | -122.66 | 82.28 | -1.90 | -147.5 | -86.27 | -1.34 | -142.14 | -67.5 | 0.01 | 0 | 0 | -125.00 | -117.86 | 0 | 32.38 | -1.19 | 51.88 | 133.33 | 260.0 | -11.11 | -16.67 | -109.09 | 66.67 | 124.71 | -54.13 | -88.38 |
| 22Q4 (13) | 0.57 | 507.14 | 0.0 | -29.81 | -174.84 | -129.81 | -575.85 | -70.02 | 13.65 | 719.24 | 458.76 | -45.47 | 763.66 | 477.53 | -44.64 | 4.00 | 484.62 | -1.96 | 3.18 | 512.99 | -5.64 | 0.00 | 0 | 0 | 700.00 | 800.0 | -46.15 | 32.77 | 22.5 | 49.98 | -83.33 | -141.67 | -80.56 | 183.33 | 375.0 | 25.44 | 271.87 | 63.26 | -40.92 |
| 22Q3 (12) | -0.14 | -366.67 | 6.67 | 39.83 | -60.17 | -60.17 | -338.69 | 76.64 | -30.73 | -200.48 | -9.21 | -25.07 | -202.28 | -7.81 | -26.53 | -1.04 | -333.33 | 2.8 | -0.77 | -413.33 | 6.1 | 0.00 | 0 | -100.0 | -100.00 | 0 | 33.33 | 26.75 | 34.76 | 14.27 | 200.00 | -66.67 | 0.0 | -66.67 | 86.67 | 0.0 | 166.53 | -72.86 | -21.68 |
| 22Q2 (11) | -0.03 | 78.57 | 62.5 | 100.00 | 0.0 | 20.45 | -1449.76 | 20.32 | -1120.44 | -183.57 | 83.97 | -240.01 | -187.62 | 80.79 | -254.07 | -0.24 | 76.47 | 56.36 | -0.15 | 81.25 | 62.5 | 0.00 | 0 | -100.0 | 0.00 | 0 | 100.0 | 19.85 | -6.89 | -16.77 | 600.00 | 300.0 | 200.0 | -500.00 | -900.0 | -400.0 | 613.57 | -42.81 | 443.17 |
| 22Q1 (10) | -0.14 | -124.56 | 33.33 | 100.00 | 0.0 | 48.26 | -1819.53 | -172.84 | -1427.48 | -1144.90 | -186.8 | -1038.75 | -976.68 | -170.81 | -884.16 | -1.02 | -125.0 | 49.0 | -0.80 | -123.74 | 45.58 | 0.00 | 0 | -100.0 | 0.00 | -100.0 | 100.0 | 21.32 | -2.43 | -12.62 | 150.00 | 425.0 | 25.0 | -50.00 | -134.21 | -150.0 | 1072.89 | 133.13 | 1022.74 |
| 21Q4 (9) | 0.57 | 480.0 | 359.09 | 100.00 | 0.0 | 136.69 | -666.88 | -157.41 | -778.86 | 1318.96 | 922.86 | 2444.4 | 1379.38 | 962.81 | 2556.6 | 4.08 | 481.31 | 241.67 | 3.37 | 510.98 | 282.16 | 0.00 | -100.0 | -100.0 | 1300.00 | 966.67 | 5950.59 | 21.85 | -6.66 | -48.98 | -46.15 | -123.08 | -132.97 | 146.15 | 319.23 | 465.38 | 460.21 | 116.44 | 947.12 |
| 21Q3 (8) | -0.15 | -87.5 | 69.39 | 100.00 | 20.45 | 564.01 | -259.07 | -118.09 | -36.87 | -160.29 | -196.89 | -22.06 | -159.87 | -201.7 | -22.2 | -1.07 | -94.55 | 82.17 | -0.82 | -105.0 | 77.29 | 0.01 | 0.0 | -66.67 | -150.00 | -350.05 | -50.0 | 23.41 | -1.84 | -54.42 | 200.00 | 0.0 | 37.5 | -66.67 | 33.33 | -46.67 | 212.63 | 88.23 | 86.26 |
| 21Q2 (7) | -0.08 | 61.9 | -180.0 | 83.02 | 23.08 | 88.0 | -118.79 | 0.28 | -817.3 | -53.99 | 46.3 | -970.81 | -52.99 | 46.6 | -1315.37 | -0.55 | 72.5 | -151.4 | -0.40 | 72.79 | -160.61 | 0.01 | -50.0 | -92.86 | -33.33 | 58.34 | -372.3 | 23.85 | -2.25 | -68.04 | 200.00 | 66.67 | 200.0 | -100.00 | -400.0 | -133.33 | 112.96 | 18.21 | 68.72 |
| 21Q1 (6) | -0.21 | 4.55 | 63.79 | 67.45 | 59.64 | 49.32 | -119.12 | -56.98 | -1939.73 | -100.54 | -78.71 | -277.26 | -99.24 | -76.74 | -267.56 | -2.00 | 30.56 | 68.99 | -1.47 | 20.54 | 55.86 | 0.02 | -33.33 | -84.62 | -80.00 | -260.04 | -307.96 | 24.40 | -43.03 | -66.06 | 120.00 | -14.29 | 420.0 | -20.00 | 50.0 | -123.64 | 95.56 | 117.43 | 27.74 |
| 20Q4 (5) | -0.22 | 55.1 | -122.68 | 42.25 | 180.54 | -35.0 | -75.88 | 59.91 | -313.39 | -56.26 | 57.16 | -237.29 | -56.15 | 57.08 | -256.02 | -2.88 | 52.0 | -126.33 | -1.85 | 48.75 | -136.2 | 0.03 | 0.0 | -78.57 | -22.22 | 77.78 | -146.66 | 42.83 | -16.61 | -60.33 | 140.00 | -3.75 | 65.45 | -40.00 | 12.0 | -446.67 | 43.95 | -61.5 | -4.71 |
| 20Q3 (4) | -0.49 | -590.0 | 0.0 | 15.06 | -65.9 | 0.0 | -189.28 | -1361.62 | 0.0 | -131.32 | -2218.06 | 0.0 | -130.83 | -3100.69 | 0.0 | -6.00 | -660.75 | 0.0 | -3.61 | -646.97 | 0.0 | 0.03 | -78.57 | 0.0 | -100.00 | -916.99 | 0.0 | 51.36 | -31.18 | 0.0 | 145.45 | 172.73 | 0.0 | -45.45 | -115.15 | 0.0 | 114.16 | 70.52 | 0.0 |
| 20Q2 (3) | 0.10 | 117.24 | 0.0 | 44.16 | -2.24 | 0.0 | -12.95 | -121.75 | 0.0 | 6.20 | 123.26 | 0.0 | 4.36 | 116.15 | 0.0 | 1.07 | 116.59 | 0.0 | 0.66 | 119.82 | 0.0 | 0.14 | 7.69 | 0.0 | 12.24 | 162.42 | 0.0 | 74.63 | 3.81 | 0.0 | -200.00 | -966.67 | 0.0 | 300.00 | 254.55 | 0.0 | 66.95 | -10.51 | 0.0 |
| 20Q1 (2) | -0.58 | -159.79 | 0.0 | 45.17 | -30.51 | 0.0 | -5.84 | -116.42 | 0.0 | -26.65 | -165.03 | 0.0 | -27.00 | -175.02 | 0.0 | -6.45 | -158.96 | 0.0 | -3.33 | -165.17 | 0.0 | 0.13 | -7.14 | 0.0 | -19.61 | -141.18 | 0.0 | 71.89 | -33.41 | 0.0 | 23.08 | -72.73 | 0.0 | 84.62 | 633.33 | 0.0 | 74.81 | 62.21 | 0.0 |
| 19Q4 (1) | 0.97 | 0.0 | 0.0 | 65.00 | 0.0 | 0.0 | 35.56 | 0.0 | 0.0 | 40.98 | 0.0 | 0.0 | 35.99 | 0.0 | 0.0 | 10.94 | 0.0 | 0.0 | 5.11 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 47.62 | 0.0 | 0.0 | 107.96 | 0.0 | 0.0 | 84.62 | 0.0 | 0.0 | 11.54 | 0.0 | 0.0 | 46.12 | 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) | -0.69 | 0 | 14.67 | -32.98 | -172.43 | 0 | 15.79 | -68.42 | -69.09 | 0 | -84.53 | 0 | -4.94 | 0 | -3.32 | 0 | 0.04 | 300.0 | -42.11 | 0 | 34.15 | 4.21 | 253.85 | 0 | -153.85 | 0 | 0.23 | 0 | 108.97 | -67.0 |
| 2022 (9) | 0.24 | 84.62 | 21.89 | -72.92 | -671.57 | 0 | 50.00 | 83.33 | 105.98 | 409.52 | 137.20 | 411.94 | 1.71 | 40.16 | 1.59 | 35.9 | 0.01 | -75.0 | 200.00 | 266.64 | 32.77 | 49.98 | -700.00 | 0 | 800.00 | -33.33 | 0.00 | 0 | 330.19 | 115.8 |
| 2021 (8) | 0.13 | 0 | 80.83 | 103.35 | -190.93 | 0 | 27.27 | 257.58 | 20.80 | 0 | 26.80 | 0 | 1.22 | 0 | 1.17 | 0 | 0.04 | -88.24 | 54.55 | 0 | 21.85 | -48.98 | -1100.00 | 0 | 1200.00 | 0 | 0.00 | 0 | 153.01 | 112.4 |
| 2020 (7) | -1.19 | 0 | 39.75 | -20.4 | -27.81 | 0 | 7.63 | 6.78 | -22.93 | 0 | -23.81 | 0 | -14.35 | 0 | -7.76 | 0 | 0.34 | -8.11 | -12.71 | 0 | 42.83 | -60.33 | 122.22 | -35.15 | -22.22 | 0 | 0.00 | 0 | 72.04 | -11.02 |
| 2019 (6) | -1.32 | 0 | 49.94 | 259.02 | -27.04 | 0 | 7.14 | 784.52 | -14.15 | 0 | -17.06 | 0 | -13.28 | 0 | -5.86 | 0 | 0.37 | -74.13 | -4.40 | 0 | 107.96 | -6.46 | 188.46 | 111.5 | -88.46 | 0 | 0.22 | 0 | 80.96 | 200.85 |
| 2018 (5) | -2.79 | 0 | 13.91 | -51.16 | -12.10 | 0 | 0.81 | 1.55 | -13.62 | 0 | -13.56 | 0 | -37.55 | 0 | -19.26 | 0 | 1.43 | 32.41 | -2.96 | 0 | 115.42 | 55.32 | 89.11 | -10.89 | 10.89 | 0 | 0.00 | 0 | 26.91 | -24.87 |
| 2017 (4) | -1.61 | 0 | 28.48 | -42.78 | -11.03 | 0 | 0.80 | -51.89 | -11.07 | 0 | -11.26 | 0 | -17.91 | 0 | -12.17 | 0 | 1.08 | 125.0 | -7.75 | 0 | 74.31 | 211.7 | 100.00 | -10.8 | -0.00 | 0 | 0.00 | 0 | 35.82 | -64.09 |
| 2016 (3) | -4.50 | 0 | 49.77 | 25.81 | -72.96 | 0 | 1.65 | -40.17 | -64.87 | 0 | -65.35 | 0 | -37.27 | 0 | -31.18 | 0 | 0.48 | 45.45 | -60.74 | 0 | 23.84 | 43.79 | 112.10 | 20.05 | -12.74 | 0 | 0.00 | 0 | 99.76 | -18.18 |
| 2015 (2) | -4.72 | 0 | 39.56 | -22.23 | -70.36 | 0 | 2.76 | -10.02 | -75.01 | 0 | -75.85 | 0 | -29.38 | 0 | -25.23 | 0 | 0.33 | -17.5 | -70.17 | 0 | 16.58 | 1.97 | 93.38 | -10.59 | 5.88 | 0 | 0.00 | 0 | 121.93 | 21.36 |
| 2014 (1) | -3.28 | 0 | 50.87 | 0 | -41.35 | 0 | 3.07 | 44.3 | -39.72 | 0 | -40.76 | 0 | -19.33 | 0 | -16.21 | 0 | 0.40 | -18.37 | -35.09 | 0 | 16.26 | -25.0 | 104.44 | -3.47 | -4.44 | 0 | 0.00 | 0 | 100.47 | 7.41 |
