- 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) | -0.26 | -285.71 | 18.75 | -12.43 | -200.08 | -31.26 | -94.06 | -539.43 | -15.45 | -139.10 | -993.96 | -22.64 | -139.07 | -1014.93 | -22.62 | -5.08 | -385.39 | 17.53 | -0.82 | -230.16 | 17.17 | 0.01 | -50.0 | 0.0 | -82.76 | -351.17 | -19.54 | 368.32 | -0.47 | -7.46 | 67.50 | 172.69 | -7.19 | 32.50 | -83.15 | 19.17 | 47.69 | 150.74 | 6.88 |
| 24Q2 (19) | 0.14 | 0 | 153.85 | 12.42 | -81.67 | 192.69 | -14.71 | -198.92 | 68.33 | 15.56 | -23.73 | 123.95 | 15.20 | -25.49 | 123.95 | 1.78 | 0.56 | 132.07 | 0.63 | 1.61 | 170.0 | 0.02 | 0.0 | 0.0 | 32.95 | -27.04 | 186.48 | 370.06 | -0.43 | 0.69 | -92.86 | -234.13 | -231.28 | 192.86 | 735.71 | 558.93 | 19.02 | -34.28 | -34.14 |
| 24Q1 (18) | 0.00 | 100.0 | 100.0 | 67.74 | 0 | 503.74 | 14.87 | 0 | 356.38 | 20.40 | 0 | 254.9 | 20.40 | 0 | 238.59 | 1.77 | 115.9 | 166.54 | 0.62 | 132.98 | 287.88 | 0.02 | 0 | -50.0 | 45.16 | -81.94 | 2976.43 | 371.67 | -8.64 | -0.21 | 69.23 | -68.82 | 68.13 | 23.08 | 118.91 | -56.41 | 28.94 | 123.63 | 87.92 |
| 23Q4 (17) | -0.23 | 28.12 | 81.3 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | 0.00 | 100.0 | 100.0 | -11.13 | -80.68 | 51.73 | -1.88 | -89.9 | 64.39 | 0.00 | -100.0 | -100.0 | 250.00 | 461.12 | 693.97 | 406.83 | 2.21 | 14.3 | 222.03 | 205.3 | 146.4 | -122.03 | -547.46 | -1333.9 | -122.45 | -374.43 | -2137.44 |
| 23Q3 (16) | -0.32 | -23.08 | -68.42 | -9.47 | 29.33 | -243.48 | -81.47 | -75.39 | -1419.96 | -113.42 | -74.55 | -952.13 | -113.42 | -78.73 | -907.28 | -6.16 | -10.99 | -172.57 | -0.99 | -10.0 | -167.57 | 0.01 | -50.0 | -80.0 | -69.23 | -81.71 | -3061.19 | 398.02 | 8.3 | 41.13 | 72.73 | 2.82 | 45.45 | 27.27 | -6.82 | -45.45 | 44.62 | 54.5 | 360.95 |
| 23Q2 (15) | -0.26 | -52.94 | -52.94 | -13.40 | -219.43 | -160.85 | -46.45 | -700.86 | -2482.05 | -64.98 | -393.39 | -743.9 | -63.46 | -331.11 | -452.79 | -5.55 | -108.65 | -320.45 | -0.90 | -172.73 | -309.09 | 0.02 | -50.0 | -33.33 | -38.10 | -2326.75 | -1118.72 | 367.53 | -1.33 | 37.7 | 70.73 | 71.78 | 382.93 | 29.27 | -44.72 | -76.59 | 28.88 | 87.53 | 47.5 |
| 23Q1 (14) | -0.17 | 86.18 | 39.29 | 11.22 | 131.69 | 359.72 | -5.80 | 86.12 | 81.06 | -13.17 | 71.68 | 71.05 | -14.72 | 69.04 | 66.08 | -2.66 | 88.46 | 34.32 | -0.33 | 93.75 | 59.26 | 0.04 | -66.67 | 33.33 | -1.57 | 96.27 | 93.25 | 372.47 | 4.65 | 43.23 | 41.18 | -54.3 | -38.24 | 52.94 | 435.29 | 58.82 | 15.40 | 156.24 | -28.1 |
| 22Q4 (13) | -1.23 | -547.37 | -156.25 | -35.40 | -636.36 | 71.74 | -41.80 | -679.85 | 74.46 | -46.50 | -331.35 | 73.43 | -47.54 | -322.2 | 67.59 | -23.06 | -920.35 | -150.11 | -5.28 | -1327.03 | -107.06 | 0.12 | 140.0 | 500.0 | -42.09 | -1821.92 | 72.25 | 355.93 | 26.2 | 37.21 | 90.11 | 80.22 | -3.45 | 9.89 | -80.22 | 48.35 | 6.01 | -37.91 | -81.8 |
| 22Q3 (12) | -0.19 | -11.76 | -246.15 | 6.60 | -70.03 | -15.17 | -5.36 | -374.87 | 34.31 | -10.78 | -40.0 | -162.75 | -11.26 | 1.92 | -192.07 | -2.26 | -71.21 | -230.64 | -0.37 | -68.18 | -146.25 | 0.05 | 66.67 | 0.0 | -2.19 | -158.56 | -108.01 | 282.03 | 5.66 | 34.61 | 50.00 | 300.0 | 209.09 | 50.00 | -60.0 | -65.71 | 9.68 | -50.56 | -25.99 |
| 22Q2 (11) | -0.17 | 39.29 | -666.67 | 22.02 | 609.72 | 230.63 | 1.95 | 106.37 | 124.62 | -7.70 | 83.08 | -214.93 | -11.48 | 73.54 | -438.64 | -1.32 | 67.41 | -364.0 | -0.22 | 72.84 | -153.66 | 0.03 | 0.0 | -40.0 | 3.74 | 116.08 | -76.74 | 266.91 | 2.64 | 44.43 | -25.00 | -137.5 | 77.27 | 125.00 | 275.0 | -40.48 | 19.58 | -8.59 | 62.35 |
| 22Q1 (10) | -0.28 | 41.67 | -315.38 | -4.32 | 96.55 | -148.32 | -30.63 | 81.28 | -12352.0 | -45.50 | 74.0 | -727.59 | -43.39 | 70.42 | -711.13 | -4.05 | 56.07 | -318.92 | -0.81 | 68.24 | -191.01 | 0.03 | 50.0 | -66.67 | -23.26 | 84.66 | -283.15 | 260.05 | 0.25 | 39.92 | 66.67 | -28.57 | 1100.0 | 33.33 | 400.0 | -66.67 | 21.42 | -35.15 | 188.29 |
| 21Q4 (9) | -0.48 | -469.23 | -140.0 | -125.26 | -1710.03 | -2551.27 | -163.64 | -1905.39 | -884.6 | -175.01 | -1118.68 | -564.68 | -146.69 | -1299.43 | -453.13 | -9.22 | -632.95 | -258.75 | -2.55 | -418.75 | -264.29 | 0.02 | -60.0 | -50.0 | -151.67 | -654.75 | -1196.32 | 259.41 | 23.82 | 41.1 | 93.33 | 303.64 | 45.83 | 6.67 | -95.43 | -81.48 | 33.03 | 152.52 | 70.52 |
| 21Q3 (8) | 0.13 | 333.33 | 186.67 | 7.78 | 16.82 | -35.76 | -8.16 | -3.03 | 57.57 | 17.18 | 156.42 | 170.55 | 12.23 | 260.77 | 150.18 | 1.73 | 246.0 | 196.11 | 0.80 | 95.12 | 270.21 | 0.05 | 0.0 | 66.67 | 27.34 | 70.02 | 432.6 | 209.51 | 13.37 | 30.47 | -45.83 | 58.33 | -158.93 | 145.83 | -30.56 | 556.25 | 13.08 | 8.46 | -41.58 |
| 21Q2 (7) | 0.03 | -76.92 | 175.0 | 6.66 | -25.5 | -36.87 | -7.92 | -3268.0 | -1.15 | 6.70 | -7.59 | 644.72 | 3.39 | -52.25 | 271.21 | 0.50 | -72.97 | 433.33 | 0.41 | -53.93 | 141.18 | 0.05 | -44.44 | 66.67 | 16.08 | 26.61 | 22.19 | 184.80 | -0.56 | 22.18 | -110.00 | -2080.0 | -118.33 | 210.00 | 110.0 | 142.0 | 12.06 | 62.31 | 0 |
| 21Q1 (6) | 0.13 | 165.0 | 165.0 | 8.94 | 74.95 | -64.59 | 0.25 | 101.5 | 100.2 | 7.25 | 127.54 | 103.34 | 7.10 | 126.77 | 103.27 | 1.85 | 171.98 | 178.06 | 0.89 | 227.14 | 223.61 | 0.09 | 125.0 | 0 | 12.70 | 208.55 | 111.64 | 185.85 | 1.09 | 26.3 | 5.56 | -91.32 | -90.17 | 100.00 | 177.78 | 130.0 | 7.43 | -61.64 | 0 |
| 20Q4 (5) | -0.20 | -33.33 | -211.11 | 5.11 | -57.8 | -76.28 | -16.62 | 13.57 | -203.23 | -26.33 | -8.13 | -285.55 | -26.52 | -8.82 | -309.15 | -2.57 | -42.78 | -214.22 | -0.70 | -48.94 | -160.87 | 0.04 | 33.33 | -42.86 | -11.70 | -42.34 | -156.49 | 183.85 | 14.49 | 26.24 | 64.00 | -17.71 | -43.11 | 36.00 | 62.0 | 388.0 | 19.37 | -13.49 | 238.05 |
| 20Q3 (4) | -0.15 | -275.0 | 0.0 | 12.11 | 14.79 | 0.0 | -19.23 | -145.59 | 0.0 | -24.35 | -1879.67 | 0.0 | -24.37 | -1130.81 | 0.0 | -1.80 | -1100.0 | 0.0 | -0.47 | -376.47 | 0.0 | 0.03 | 0.0 | 0.0 | -8.22 | -162.46 | 0.0 | 160.58 | 6.17 | 0.0 | 77.78 | -87.04 | 0.0 | 22.22 | 104.44 | 0.0 | 22.39 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | 80.0 | 0.0 | 10.55 | -58.22 | 0.0 | -7.83 | 93.72 | 0.0 | -1.23 | 99.43 | 0.0 | -1.98 | 99.09 | 0.0 | -0.15 | 93.67 | 0.0 | 0.17 | 123.61 | 0.0 | 0.03 | 0 | 0.0 | 13.16 | 112.06 | 0.0 | 151.25 | 2.79 | 0.0 | 600.00 | 961.54 | 0.0 | -500.00 | -1250.0 | 0.0 | 0.00 | 0 | 0.0 |
| 20Q1 (2) | -0.20 | -211.11 | 0.0 | 25.25 | 17.22 | 0.0 | -124.64 | -874.16 | 0.0 | -217.31 | -1631.43 | 0.0 | -217.31 | -1813.8 | 0.0 | -2.37 | -205.33 | 0.0 | -0.72 | -162.61 | 0.0 | 0.00 | -100.0 | 0.0 | -109.09 | -626.75 | 0.0 | 147.15 | 1.04 | 0.0 | 56.52 | -49.76 | 0.0 | 43.48 | 447.83 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | 0.18 | 0.0 | 0.0 | 21.54 | 0.0 | 0.0 | 16.10 | 0.0 | 0.0 | 14.19 | 0.0 | 0.0 | 12.68 | 0.0 | 0.0 | 2.25 | 0.0 | 0.0 | 1.15 | 0.0 | 0.0 | 0.07 | 0.0 | 0.0 | 20.71 | 0.0 | 0.0 | 145.63 | 0.0 | 0.0 | 112.50 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | 5.73 | 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) | -0.98 | 0 | -36.70 | 0 | -93.66 | 0 | 8.45 | 208.65 | -75.35 | 0 | -83.84 | 0 | -25.69 | 0 | -4.18 | 0 | 0.06 | -75.0 | -43.66 | 0 | 406.83 | 14.3 | 124.37 | 56.41 | -24.38 | 0 | 0.00 | 0 | 34.84 | 231.81 |
| 2022 (9) | -1.86 | 0 | -13.92 | 0 | -25.77 | 0 | 2.74 | -22.56 | -32.47 | 0 | -33.40 | 0 | -31.60 | 0 | -6.86 | 0 | 0.24 | 20.0 | -24.25 | 0 | 355.93 | 37.21 | 79.52 | -64.88 | 20.48 | 0 | 0.00 | 0 | 10.50 | -15.66 |
| 2021 (8) | -0.19 | 0 | -5.40 | 0 | -20.20 | 0 | 3.54 | -43.88 | -8.92 | 0 | -8.08 | 0 | -5.15 | 0 | -0.72 | 0 | 0.20 | 100.0 | 0.34 | 0 | 259.41 | 41.1 | 226.42 | 209.59 | -126.42 | 0 | 0.00 | 0 | 12.45 | -48.36 |
| 2020 (7) | -0.59 | 0 | 9.61 | -56.69 | -19.31 | 0 | 6.30 | -9.39 | -26.31 | 0 | -26.61 | 0 | -7.04 | 0 | -1.72 | 0 | 0.10 | 25.0 | -7.87 | 0 | 183.85 | 26.24 | 73.13 | 43.98 | 26.87 | -45.4 | 0.00 | 0 | 24.11 | 13.03 |
| 2019 (6) | -0.57 | 0 | 22.19 | -42.66 | -17.16 | 0 | 6.95 | 97.55 | -33.84 | 0 | -35.51 | 0 | -6.48 | 0 | -1.73 | 0 | 0.08 | -38.46 | -10.16 | 0 | 145.63 | 14.26 | 50.79 | -91.87 | 49.21 | 0 | 0.00 | 0 | 21.33 | 49.89 |
| 2018 (5) | 0.03 | -25.0 | 38.70 | 4.68 | 7.20 | -25.0 | 3.52 | 25.51 | 1.10 | -9.84 | 1.10 | -9.84 | 0.35 | -27.08 | 1.13 | -11.02 | 0.13 | -23.53 | 14.37 | 23.03 | 127.45 | -10.61 | 625.00 | -23.78 | -525.00 | 0 | 0.00 | 0 | 14.23 | 26.49 |
| 2017 (4) | 0.04 | 0 | 36.97 | -0.43 | 9.60 | -18.71 | 2.80 | 4.36 | 1.22 | 14.02 | 1.22 | 1009.09 | 0.48 | 1100.0 | 1.27 | 19.81 | 0.17 | 30.77 | 11.68 | -16.75 | 142.58 | 4.45 | 820.00 | -18.0 | -720.00 | 0 | 0.00 | 0 | 11.25 | -19.64 |
| 2016 (3) | 0.00 | 0 | 37.13 | 864.42 | 11.81 | 0 | 2.69 | -29.85 | 1.07 | 0 | 0.11 | 0 | 0.04 | 0 | 1.06 | 0 | 0.13 | 44.44 | 14.03 | 0 | 136.50 | -46.69 | 1000.00 | 1254.43 | -900.00 | 0 | 0.00 | 0 | 14.00 | -27.16 |
| 2015 (2) | -1.27 | 0 | 3.85 | 1000.0 | -33.60 | 0 | 3.83 | -65.53 | -45.33 | 0 | -46.64 | 0 | -13.20 | 0 | -3.19 | 0 | 0.09 | 125.0 | -28.09 | 0 | 256.06 | 39.8 | 73.83 | -9.61 | 26.17 | 42.83 | 0.00 | 0 | 19.22 | -65.62 |
| 2014 (1) | -0.95 | 0 | 0.35 | 0 | -107.28 | 0 | 11.11 | 601.23 | -131.62 | 0 | -131.27 | 0 | -13.88 | 0 | -4.96 | 0 | 0.04 | -87.5 | -104.04 | 0 | 183.16 | 48.84 | 81.68 | -20.96 | 18.32 | 0 | 0.00 | 0 | 55.91 | 416.25 |
