- 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) | -0.23 | -475.0 | -475.0 | -180.96 | -677.04 | -1272.02 | -835.05 | -102.04 | -40.23 | -840.75 | -280.07 | -266.84 | -1666.90 | -600.55 | -510.85 | -3.34 | -430.16 | -595.83 | -3.28 | -429.03 | -597.87 | 0.00 | 0 | 0 | -500.00 | -150.0 | -400.0 | 1.66 | 0.61 | -13.09 | 100.00 | -33.33 | -66.67 | -0.00 | 100.0 | 100.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.04 | -33.33 | 42.86 | 31.36 | 31.21 | 126.24 | -413.31 | -25.22 | 46.92 | -221.21 | -107.96 | 48.7 | -237.94 | -78.22 | 47.53 | -0.63 | -43.18 | 33.68 | -0.62 | -40.91 | 34.04 | 0.00 | 0 | 0 | -200.00 | -100.0 | 0.0 | 1.65 | 4.43 | -10.33 | 150.00 | -50.0 | -10.0 | -50.00 | 75.0 | 25.0 | 224.37 | 19.42 | -15.63 |
| 24Q1 (18) | -0.03 | 90.32 | 62.5 | 23.90 | -23.57 | 1.19 | -330.06 | 75.77 | 15.88 | -106.37 | 91.93 | 69.42 | -133.51 | 97.09 | 60.99 | -0.44 | 89.74 | 60.36 | -0.44 | 89.55 | 59.63 | 0.00 | 0 | 0 | -100.00 | 0 | 66.67 | 1.58 | 6.04 | -33.89 | 300.00 | 200.0 | 125.0 | -200.00 | 0 | 0 | 187.89 | -75.82 | 6.28 |
| 23Q4 (17) | -0.31 | -675.0 | -181.82 | 31.27 | 102.53 | 683.4 | -1362.18 | -128.75 | -263.6 | -1318.55 | -475.31 | -219.37 | -4593.09 | -1583.19 | -1065.17 | -4.29 | -793.75 | -202.11 | -4.21 | -795.74 | -205.07 | 0.00 | 0 | 0 | 0.00 | 100.0 | 100.0 | 1.49 | -21.99 | -45.22 | 100.00 | -66.67 | 25.0 | -0.00 | 100.0 | 0 | 777.09 | 143.88 | 380.04 |
| 23Q3 (16) | -0.04 | 42.86 | -106.15 | 15.44 | 112.92 | 115.66 | -595.48 | 23.52 | -32.41 | -229.19 | 46.85 | -109.27 | -272.88 | 39.82 | -115.41 | -0.48 | 49.47 | -105.47 | -0.47 | 50.0 | -105.5 | 0.00 | 0 | 0 | -100.00 | 50.0 | -102.7 | 1.91 | 3.8 | -27.1 | 300.00 | 80.0 | 1685.71 | -200.00 | -200.0 | -272.09 | 318.64 | 19.82 | 191.55 |
| 23Q2 (15) | -0.07 | 12.5 | 12.5 | -119.53 | -606.05 | -1847.51 | -778.59 | -98.42 | -353.64 | -431.25 | -23.98 | -244.42 | -453.44 | -32.49 | -238.14 | -0.95 | 14.41 | 16.67 | -0.94 | 13.76 | 15.32 | 0.00 | 0 | -100.0 | -200.00 | 33.33 | -33.33 | 1.84 | -23.01 | -26.1 | 166.67 | 25.0 | 25.0 | -66.67 | 0 | -100.0 | 265.94 | 50.44 | 249.09 |
| 23Q1 (14) | -0.08 | 27.27 | 11.11 | 23.62 | 540.67 | 112.98 | -392.39 | -4.74 | -280.67 | -347.85 | 15.75 | -318.24 | -342.24 | 13.18 | -291.67 | -1.11 | 21.83 | 13.28 | -1.09 | 21.01 | 12.1 | 0.00 | 0 | -100.0 | -300.00 | 25.0 | -300.0 | 2.39 | -12.13 | -7.72 | 133.33 | 66.67 | 33.33 | -0.00 | 0 | 100.0 | 176.78 | 9.2 | 292.76 |
| 22Q4 (13) | -0.11 | -116.92 | 73.81 | -5.36 | 94.56 | -167.34 | -374.64 | 16.7 | -237.36 | -412.86 | -116.7 | -207.83 | -394.20 | -122.26 | -14.59 | -1.42 | -116.19 | 75.43 | -1.38 | -116.14 | 74.35 | 0.00 | 0 | -100.0 | -400.00 | -110.81 | -233.33 | 2.72 | 3.82 | -29.53 | 80.00 | 522.86 | -6.67 | -0.00 | -100.0 | -100.0 | 161.88 | 48.12 | 294.64 |
| 22Q3 (12) | 0.65 | 912.5 | 912.5 | -98.59 | -1541.37 | -500.77 | -449.73 | -162.03 | -764.2 | 2471.74 | 2074.08 | 7264.46 | 1771.20 | 1420.81 | 5657.58 | 8.77 | 869.3 | 943.27 | 8.55 | 870.27 | 1240.0 | 0.00 | -100.0 | -100.0 | 3700.00 | 2566.67 | 12433.33 | 2.62 | 5.22 | -75.58 | -18.92 | -114.19 | -115.14 | 116.22 | 448.65 | 332.43 | 109.29 | 43.46 | 186.78 |
| 22Q2 (11) | -0.08 | 11.11 | -188.89 | 6.84 | -38.32 | -37.59 | -171.63 | -66.5 | -6164.66 | -125.21 | -50.55 | -4232.34 | -134.10 | -53.47 | -5664.32 | -1.14 | 10.94 | -203.64 | -1.11 | 10.48 | -240.51 | 0.01 | 0.0 | -96.77 | -150.00 | -100.0 | -4422.77 | 2.49 | -3.86 | -95.78 | 133.33 | 33.33 | 33.33 | -33.33 | -33.33 | 0 | 76.18 | 69.25 | 1790.32 |
| 22Q1 (10) | -0.09 | 78.57 | -325.0 | 11.09 | 39.32 | -22.72 | -103.08 | 7.18 | -10305.94 | -83.17 | 37.99 | -4217.33 | -87.38 | 74.6 | -5886.75 | -1.28 | 77.85 | -346.15 | -1.24 | 76.95 | -410.0 | 0.01 | -50.0 | -95.83 | -75.00 | 37.5 | -2722.38 | 2.59 | -32.9 | -92.82 | 100.00 | 16.67 | 100.0 | -25.00 | -275.0 | -150.0 | 45.01 | 9.73 | 746.05 |
| 21Q4 (9) | -0.42 | -425.0 | -2200.0 | 7.96 | -67.64 | -37.81 | -111.05 | -113.39 | -4825.53 | -134.12 | -288.75 | -6008.37 | -344.01 | -979.42 | -61530.36 | -5.78 | -455.77 | -2412.0 | -5.38 | -617.33 | -2661.9 | 0.02 | 0.0 | -93.75 | -120.00 | -300.0 | -4154.05 | 3.86 | -64.03 | -91.35 | 85.71 | -31.43 | -14.29 | 14.29 | 128.57 | 0 | 41.02 | 7.64 | 888.43 |
| 21Q3 (8) | -0.08 | -188.89 | -188.89 | 24.60 | 124.45 | 91.59 | -52.04 | -1938.87 | -1420.81 | -34.50 | -1238.61 | -1302.09 | -31.87 | -1422.41 | -1422.41 | -1.04 | -194.55 | -177.61 | -0.75 | -194.94 | -181.52 | 0.02 | -93.55 | -94.44 | -30.00 | -964.55 | -982.35 | 10.73 | -81.81 | -70.46 | 125.00 | 25.0 | -16.67 | -50.00 | 0 | 0.0 | 38.11 | 845.66 | 935.6 |
| 21Q2 (7) | 0.09 | 125.0 | 0 | 10.96 | -23.62 | -14.37 | 2.83 | 180.2 | 272.37 | 3.03 | 50.0 | 405.0 | 2.41 | 59.6 | 2310.0 | 1.10 | 111.54 | 1471.43 | 0.79 | 97.5 | 426.67 | 0.31 | 29.17 | -24.39 | 3.47 | 21.33 | 166.92 | 59.00 | 63.57 | -24.06 | 100.00 | 100.0 | 0.0 | 0.00 | -100.0 | 0 | 4.03 | -24.25 | 13.52 |
| 21Q1 (6) | 0.04 | 100.0 | -42.86 | 14.35 | 12.11 | -1.44 | 1.01 | -57.02 | -53.46 | 2.02 | -11.01 | -14.77 | 1.51 | 169.64 | -39.11 | 0.52 | 108.0 | -53.15 | 0.40 | 90.48 | -45.95 | 0.24 | -25.0 | -7.69 | 2.86 | -3.38 | -9.49 | 36.07 | -19.13 | -41.5 | 50.00 | -50.0 | -50.0 | 50.00 | 0 | 0 | 5.32 | 28.19 | -6.5 |
| 20Q4 (5) | 0.02 | -77.78 | -75.0 | 12.80 | -0.31 | -15.68 | 2.35 | -40.36 | -58.26 | 2.27 | -20.91 | -58.04 | 0.56 | -76.76 | -69.73 | 0.25 | -81.34 | -80.92 | 0.21 | -77.17 | -74.07 | 0.32 | -11.11 | -17.95 | 2.96 | -12.94 | -50.34 | 44.60 | 22.8 | -44.71 | 100.00 | -33.33 | 0.0 | 0.00 | 100.0 | 0 | 4.15 | 12.77 | 11.56 |
| 20Q3 (4) | 0.09 | 0 | 0.0 | 12.84 | 0.31 | 0.0 | 3.94 | 418.42 | 0.0 | 2.87 | 378.33 | 0.0 | 2.41 | 2310.0 | 0.0 | 1.34 | 1814.29 | 0.0 | 0.92 | 513.33 | 0.0 | 0.36 | -12.2 | 0.0 | 3.40 | 161.54 | 0.0 | 36.32 | -53.25 | 0.0 | 150.00 | 50.0 | 0.0 | -50.00 | 0 | 0.0 | 3.68 | 3.66 | 0.0 |
| 20Q2 (3) | 0.00 | -100.0 | 0.0 | 12.80 | -12.09 | 0.0 | 0.76 | -64.98 | 0.0 | 0.60 | -74.68 | 0.0 | 0.10 | -95.97 | 0.0 | 0.07 | -93.69 | 0.0 | 0.15 | -79.73 | 0.0 | 0.41 | 57.69 | 0.0 | 1.30 | -58.86 | 0.0 | 77.69 | 26.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0 | 0.0 | 3.55 | -37.61 | 0.0 |
| 20Q1 (2) | 0.07 | -12.5 | 0.0 | 14.56 | -4.08 | 0.0 | 2.17 | -61.46 | 0.0 | 2.37 | -56.19 | 0.0 | 2.48 | 34.05 | 0.0 | 1.11 | -15.27 | 0.0 | 0.74 | -8.64 | 0.0 | 0.26 | -33.33 | 0.0 | 3.16 | -46.98 | 0.0 | 61.66 | -23.56 | 0.0 | 100.00 | 0.0 | 0.0 | 0.00 | 0 | 0.0 | 5.69 | 52.96 | 0.0 |
| 19Q4 (1) | 0.08 | 0.0 | 0.0 | 15.18 | 0.0 | 0.0 | 5.63 | 0.0 | 0.0 | 5.41 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.31 | 0.0 | 0.0 | 0.81 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | 5.96 | 0.0 | 0.0 | 80.66 | 0.0 | 0.0 | 100.00 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 3.72 | 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) | -0.50 | 0 | -14.76 | 0 | -646.67 | 0 | 50.00 | 125.0 | -453.09 | 0 | -834.40 | 0 | -6.83 | 0 | -6.69 | 0 | 0.01 | -66.67 | -500.00 | 0 | 1.49 | -45.22 | 145.45 | 0 | -45.45 | 0 | 0.00 | 0 | 298.45 | 284.95 |
| 2022 (9) | 0.37 | 0 | -9.52 | 0 | -209.14 | 0 | 22.22 | 1862.96 | 274.16 | 0 | 160.26 | 0 | 4.98 | 0 | 4.82 | 0 | 0.03 | -95.83 | 300.00 | 0 | 2.72 | -29.53 | -73.08 | 0 | 173.08 | 0 | 0.00 | 0 | 77.53 | 1083.66 |
| 2021 (8) | -0.38 | 0 | 12.77 | -2.67 | -2.16 | 0 | 1.13 | 100.38 | -1.40 | 0 | -5.81 | 0 | -5.18 | 0 | -4.03 | 0 | 0.72 | -44.19 | 0.00 | 0 | 3.86 | -91.35 | 150.00 | 25.0 | -50.00 | 0 | 0.00 | 0 | 6.55 | 58.98 |
| 2020 (7) | 0.18 | -58.14 | 13.12 | 4.71 | 2.30 | -32.94 | 0.56 | 223.16 | 1.97 | -43.87 | 1.28 | -50.39 | 2.64 | -64.42 | 1.92 | -53.28 | 1.29 | -12.24 | 2.82 | -29.85 | 44.60 | -44.71 | 120.00 | 20.0 | -20.00 | 0 | 0.00 | 0 | 4.12 | 16.38 |
| 2019 (6) | 0.43 | -59.81 | 12.53 | -1.96 | 3.43 | -23.61 | 0.17 | -29.72 | 3.51 | -67.65 | 2.58 | -80.15 | 7.42 | -76.52 | 4.11 | -75.59 | 1.47 | 16.67 | 4.02 | -64.86 | 80.66 | -28.8 | 100.00 | 144.44 | 0.00 | 0 | 0.00 | 0 | 3.54 | 0.0 |
| 2018 (5) | 1.07 | 494.44 | 12.78 | 176.03 | 4.49 | 0 | 0.25 | -97.01 | 10.85 | -55.29 | 13.00 | -14.75 | 31.60 | 373.76 | 16.84 | 369.08 | 1.26 | 641.18 | 11.44 | -71.1 | 113.29 | 74.56 | 40.91 | 0 | 59.09 | -80.84 | 0.00 | 0 | 3.54 | -94.3 |
| 2017 (4) | 0.18 | 0 | 4.63 | 0 | -53.31 | 0 | 8.33 | 131.94 | 24.27 | 0 | 15.25 | 0 | 6.67 | 0 | 3.59 | 0 | 0.17 | -55.26 | 39.58 | 0 | 64.90 | -79.44 | -216.67 | 0 | 308.33 | 1376.26 | 0.00 | 0 | 62.07 | 71.89 |
| 2016 (3) | -5.86 | 0 | -6.99 | 0 | -74.66 | 0 | 3.59 | -49.7 | -94.47 | 0 | -100.55 | 0 | -106.42 | 0 | -37.46 | 0 | 0.38 | 100.0 | -88.02 | 0 | 315.59 | 136.93 | 79.11 | -13.47 | 20.89 | 143.67 | 0.00 | 0 | 36.11 | -31.8 |
| 2015 (2) | -2.50 | 0 | -75.42 | 0 | -131.57 | 0 | 7.14 | 65.18 | -143.58 | 0 | -152.30 | 0 | -48.36 | 0 | -28.68 | 0 | 0.19 | -47.22 | -131.63 | 0 | 133.20 | 503.81 | 91.43 | -27.71 | 8.57 | 0 | 0.00 | 0 | 52.95 | 63.88 |
| 2014 (1) | -0.56 | 0 | 8.99 | 0 | -23.45 | 0 | 4.32 | 149.37 | -18.25 | 0 | -21.11 | 0 | -9.92 | 0 | -7.53 | 0 | 0.36 | -34.55 | -13.51 | 0 | 22.06 | -39.09 | 126.47 | 207.14 | -29.41 | 0 | 0.00 | 0 | 32.31 | 54.15 |
