- 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) | -0.70 | -2.94 | 4.11 | -495.23 | 37.61 | 21.87 | -1059.47 | 37.79 | 9.92 | -1109.07 | 37.65 | 11.38 | -1109.07 | 37.65 | 11.38 | -10.03 | -13.72 | 1.86 | -3.55 | -9.23 | -9.91 | 0.00 | 0 | 0 | -733.33 | 40.86 | 8.33 | 171.61 | 11.08 | -15.79 | 95.83 | 0.14 | 1.75 | 4.17 | -3.13 | -28.33 | 283.03 | -40.81 | -13.72 |
| 24Q2 (19) | -0.68 | -23.64 | -9.68 | -793.80 | -254.09 | -108.43 | -1703.03 | -252.73 | -144.89 | -1778.78 | -250.69 | -141.9 | -1778.78 | -250.69 | -141.9 | -8.82 | -33.23 | -11.22 | -3.25 | -30.0 | -23.11 | 0.00 | -100.0 | 0 | -1240.00 | -313.33 | -188.37 | 154.49 | 4.04 | -14.46 | 95.70 | 1.09 | 1.25 | 4.30 | -19.35 | -21.51 | 478.14 | 196.58 | 109.95 |
| 24Q1 (18) | -0.55 | 32.93 | 21.43 | -224.18 | 71.76 | 79.36 | -482.82 | 72.13 | 77.03 | -507.22 | 71.88 | 77.21 | -507.22 | 71.88 | 77.21 | -6.62 | 33.73 | 19.07 | -2.50 | 29.78 | 14.97 | 0.01 | 0 | 0 | -300.00 | 78.26 | 76.92 | 148.49 | 12.37 | -10.63 | 94.67 | -1.3 | -0.42 | 5.33 | 30.67 | -13.6 | 161.22 | -70.57 | -73.94 |
| 23Q4 (17) | -0.82 | -12.33 | 3.53 | -793.88 | -25.25 | 18.74 | -1732.39 | -47.29 | 23.65 | -1804.06 | -44.16 | 23.28 | -1804.06 | -44.16 | 23.28 | -9.99 | 2.25 | -8.47 | -3.56 | -10.22 | 1.11 | 0.00 | 0 | 0 | -1380.00 | -72.5 | 22.25 | 132.14 | -35.16 | -10.24 | 95.92 | 1.84 | -1.08 | 4.08 | -29.8 | 34.69 | 547.75 | 66.98 | -20.03 |
| 23Q3 (16) | -0.73 | -17.74 | -12.31 | -633.83 | -66.43 | 59.05 | -1176.16 | -69.13 | 58.6 | -1251.44 | -70.19 | 57.15 | -1251.44 | -70.19 | 57.15 | -10.22 | -28.88 | -57.23 | -3.23 | -22.35 | -16.19 | 0.00 | 0 | 0 | -800.00 | -86.05 | 50.0 | 203.80 | 12.85 | 51.27 | 94.19 | -0.35 | -3.23 | 5.81 | 6.1 | 118.02 | 328.03 | 44.04 | -68.74 |
| 23Q2 (15) | -0.62 | 11.43 | 15.07 | -380.84 | 64.94 | 39.41 | -695.42 | 66.92 | 52.23 | -735.33 | 66.96 | 50.47 | -735.33 | 66.96 | 50.47 | -7.93 | 3.06 | -15.43 | -2.64 | 10.2 | 18.77 | 0.00 | 0 | 0 | -430.00 | 66.92 | 55.52 | 180.60 | 8.7 | 71.46 | 94.52 | -0.57 | -4.34 | 5.48 | -11.23 | 130.14 | 227.74 | -63.18 | -46.59 |
| 23Q1 (14) | -0.70 | 17.65 | -16.67 | -1086.26 | -11.19 | -297.37 | -2102.36 | 7.35 | -252.84 | -2225.86 | 5.35 | -259.29 | -2225.86 | 5.35 | -259.29 | -8.18 | 11.18 | -54.05 | -2.94 | 18.33 | -15.75 | 0.00 | 0 | 0 | -1300.00 | 26.76 | -240.47 | 166.15 | 12.87 | 69.78 | 95.06 | -1.97 | -2.1 | 6.17 | 103.7 | 41.98 | 618.60 | -9.69 | 195.33 |
| 22Q4 (13) | -0.85 | -30.77 | -7.59 | -976.98 | 36.87 | -431.14 | -2269.08 | 20.13 | -298.04 | -2351.59 | 19.48 | -298.21 | -2351.59 | 19.48 | -298.21 | -9.21 | -41.69 | -41.04 | -3.60 | -29.5 | -19.21 | 0.00 | 0 | -100.0 | -1775.00 | -10.94 | -368.87 | 147.21 | 9.26 | 55.79 | 96.97 | -0.37 | 0.75 | 3.03 | 13.64 | -19.19 | 684.97 | -34.72 | 227.27 |
| 22Q3 (12) | -0.65 | 10.96 | 8.45 | -1547.63 | -146.24 | -689.04 | -2841.09 | -95.15 | -454.89 | -2920.51 | -96.73 | -472.07 | -2920.51 | -96.73 | -472.07 | -6.50 | 5.39 | -3.83 | -2.78 | 14.46 | -1.46 | 0.00 | 0 | -100.0 | -1600.00 | -65.52 | -386.96 | 134.73 | 27.91 | 12.89 | 97.33 | -1.49 | -2.67 | 2.67 | 12.0 | 0 | 1049.22 | 146.05 | 607.02 |
| 22Q2 (11) | -0.73 | -21.67 | 10.98 | -628.51 | -129.92 | 26.7 | -1455.87 | -144.34 | 23.88 | -1484.54 | -139.63 | 24.76 | -1484.54 | -139.63 | 24.76 | -6.87 | -29.38 | -1.93 | -3.25 | -27.95 | -5.52 | 0.00 | 0 | 0 | -966.67 | -153.17 | 30.95 | 105.33 | 7.63 | -6.15 | 98.81 | 1.76 | 1.28 | 2.38 | -45.24 | -34.92 | 426.43 | 103.59 | -18.6 |
| 22Q1 (10) | -0.60 | 24.05 | 11.76 | -273.36 | -48.61 | 37.26 | -595.84 | -4.52 | 34.59 | -619.52 | -4.91 | 34.7 | -619.52 | -4.91 | 34.7 | -5.31 | 18.68 | -1.34 | -2.54 | 15.89 | -3.25 | 0.00 | -100.0 | 0 | -381.82 | -0.86 | 36.36 | 97.86 | 3.57 | -6.77 | 97.10 | 0.88 | 1.58 | 4.35 | 15.94 | -1.45 | 209.46 | 0.08 | -27.87 |
| 21Q4 (9) | -0.79 | -11.27 | -21.54 | -183.94 | 6.22 | 70.13 | -570.07 | -11.34 | 47.43 | -590.54 | -15.67 | 47.69 | -590.54 | -15.67 | 47.69 | -6.53 | -4.31 | -36.04 | -3.02 | -10.22 | -23.27 | 0.01 | 0.0 | 0 | -378.57 | -15.22 | 43.21 | 94.49 | -20.83 | -2.88 | 96.25 | -3.75 | -0.69 | 3.75 | 0 | -18.75 | 209.30 | 41.04 | -46.0 |
| 21Q3 (8) | -0.71 | 13.41 | -9.23 | -196.14 | 77.13 | 81.28 | -512.01 | 73.23 | 71.21 | -510.52 | 74.12 | 72.26 | -510.52 | 74.12 | 72.26 | -6.26 | 7.12 | -35.21 | -2.74 | 11.04 | -7.45 | 0.01 | 0 | 0 | -328.57 | 76.53 | 67.14 | 119.35 | 6.34 | 58.88 | 100.00 | 2.5 | 4.76 | -0.00 | -100.0 | -100.0 | 148.40 | -71.67 | -79.01 |
| 21Q2 (7) | -0.82 | -20.59 | -36.67 | -857.46 | -96.81 | -84.59 | -1912.66 | -109.97 | -115.55 | -1972.97 | -107.97 | -113.43 | -1972.97 | -107.97 | -113.43 | -6.74 | -28.63 | -66.83 | -3.08 | -25.2 | -35.68 | 0.00 | 0 | 0 | -1400.00 | -133.33 | -147.06 | 112.23 | 6.92 | 59.6 | 97.56 | 2.06 | 2.7 | 3.66 | -17.07 | 9.76 | 523.88 | 80.4 | 58.25 |
| 21Q1 (6) | -0.68 | -4.62 | -13.33 | -435.68 | 29.25 | 35.73 | -910.94 | 15.99 | 15.55 | -948.66 | 15.96 | 15.9 | -948.66 | 15.96 | 15.9 | -5.24 | -9.17 | -34.36 | -2.46 | -0.41 | -11.82 | 0.00 | 0 | 0 | -600.00 | 10.0 | 11.76 | 104.97 | 7.89 | 55.76 | 95.59 | -1.38 | 0.62 | 4.41 | -4.41 | -11.76 | 290.40 | -25.07 | 0 |
| 20Q4 (5) | -0.65 | 0.0 | 37.5 | -615.79 | 41.23 | 39.68 | -1084.30 | 39.02 | 47.52 | -1128.84 | 38.66 | 48.29 | -1128.84 | 38.66 | 48.29 | -4.80 | -3.67 | 19.6 | -2.45 | 3.92 | 21.97 | 0.00 | 0 | 0 | -666.67 | 33.33 | 54.02 | 97.29 | 29.51 | 47.25 | 96.92 | 1.54 | 2.98 | 4.62 | 52.31 | -21.54 | 387.57 | -45.17 | -42.76 |
| 20Q3 (4) | -0.65 | -8.33 | 0.0 | -1047.71 | -125.55 | 0.0 | -1778.25 | -100.4 | 0.0 | -1840.39 | -99.08 | 0.0 | -1840.39 | -99.08 | 0.0 | -4.63 | -14.6 | 0.0 | -2.55 | -12.33 | 0.0 | 0.00 | 0 | 0.0 | -1000.00 | -76.47 | 0.0 | 75.12 | 6.83 | 0.0 | 95.45 | 0.48 | 0.0 | 3.03 | -9.09 | 0.0 | 706.85 | 113.52 | 0.0 |
| 20Q2 (3) | -0.60 | 0.0 | 0.0 | -464.51 | 31.48 | 0.0 | -887.33 | 17.74 | 0.0 | -924.43 | 18.05 | 0.0 | -924.43 | 18.05 | 0.0 | -4.04 | -3.59 | 0.0 | -2.27 | -3.18 | 0.0 | 0.00 | 0 | 0.0 | -566.67 | 16.67 | 0.0 | 70.32 | 4.35 | 0.0 | 95.00 | 0.0 | 0.0 | 3.33 | -33.33 | 0.0 | 331.05 | 0 | 0.0 |
| 20Q1 (2) | -0.60 | 42.31 | 0.0 | -677.92 | 33.59 | 0.0 | -1078.65 | 47.79 | 0.0 | -1128.07 | 48.32 | 0.0 | -1128.07 | 48.32 | 0.0 | -3.90 | 34.67 | 0.0 | -2.20 | 29.94 | 0.0 | 0.00 | 0 | 0.0 | -680.00 | 53.1 | 0.0 | 67.39 | 2.0 | 0.0 | 95.00 | 0.94 | 0.0 | 5.00 | -15.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 19Q4 (1) | -1.04 | 0.0 | 0.0 | -1020.84 | 0.0 | 0.0 | -2066.16 | 0.0 | 0.0 | -2182.98 | 0.0 | 0.0 | -2182.98 | 0.0 | 0.0 | -5.97 | 0.0 | 0.0 | -3.14 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | -1450.00 | 0.0 | 0.0 | 66.07 | 0.0 | 0.0 | 94.12 | 0.0 | 0.0 | 5.88 | 0.0 | 0.0 | 677.07 | 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) | -2.81 | 0 | -634.48 | 0 | -1239.87 | 0 | 326.92 | -7.69 | -1307.64 | 0 | -1307.64 | 0 | -30.73 | 0 | -11.83 | 0 | 0.01 | 0.0 | -846.15 | 0 | 132.14 | -10.24 | 94.67 | -2.35 | 5.33 | 74.67 | 0.18 | -5.9 | 376.88 | -13.9 |
| 2022 (9) | -2.82 | 0 | -622.75 | 0 | -1345.12 | 0 | 354.17 | 62.5 | -1386.55 | 0 | -1386.55 | 0 | -27.68 | 0 | -12.01 | 0 | 0.01 | 0.0 | -912.50 | 0 | 147.21 | 55.79 | 96.95 | -0.41 | 3.05 | 15.09 | 0.20 | 2.0 | 437.72 | 85.51 |
| 2021 (8) | -2.97 | 0 | -306.87 | 0 | -755.76 | 0 | 217.95 | -46.15 | -775.74 | 0 | -775.74 | 0 | -22.63 | 0 | -10.96 | 0 | 0.01 | 0.0 | -505.13 | 0 | 94.49 | -2.88 | 97.35 | 0.99 | 2.65 | -33.77 | 0.19 | 0.73 | 235.96 | -44.74 |
| 2020 (7) | -2.50 | 0 | -658.07 | 0 | -1139.78 | 0 | 404.76 | -7.01 | -1186.25 | 0 | -1186.25 | 0 | -17.28 | 0 | -9.07 | 0 | 0.01 | 0.0 | -709.52 | 0 | 97.29 | 47.25 | 96.40 | -0.07 | 4.00 | 3.67 | 0.19 | -0.57 | 427.00 | -36.63 |
| 2019 (6) | -3.82 | 0 | -875.23 | 0 | -1796.37 | 0 | 435.29 | 208.33 | -1866.60 | 0 | -1866.60 | 0 | -20.37 | 0 | -11.57 | 0 | 0.01 | 0.0 | -1282.35 | 0 | 66.07 | -4.01 | 96.46 | -6.46 | 3.86 | 0 | 0.19 | -3.61 | 673.78 | 19.34 |
| 2018 (5) | -2.86 | 0 | 51.75 | -9.98 | -1340.10 | 0 | 141.18 | 41.18 | -1302.45 | 0 | -1288.59 | 0 | -15.62 | 0 | -9.32 | 0 | 0.01 | 0.0 | -1176.47 | 0 | 68.83 | 5.1 | 103.12 | -0.22 | -2.68 | 0 | 0.20 | 0 | 564.58 | 10.98 |
| 2017 (4) | -3.42 | 0 | 57.49 | 29.16 | -1485.72 | 0 | 100.00 | 0.0 | -1440.96 | 0 | -1440.96 | 0 | -16.25 | 0 | -10.99 | 0 | 0.01 | 0.0 | -1300.00 | 0 | 65.49 | 105.3 | 103.35 | -2.13 | -2.93 | 0 | 0.00 | 0 | 508.74 | 0.63 |
| 2016 (3) | -1.91 | 0 | 44.51 | 48.37 | -1133.72 | 0 | 100.00 | 11.11 | -1076.63 | 0 | -1076.63 | 0 | -8.79 | 0 | -6.85 | 0 | 0.01 | 0.0 | -933.33 | 0 | 31.90 | 42.92 | 105.60 | -0.43 | -5.60 | 0 | 0.00 | 0 | 505.58 | 18.15 |
| 2015 (2) | -1.84 | 0 | 30.00 | 14.55 | -1078.89 | 0 | 90.00 | 102.5 | -1014.30 | 0 | -1036.94 | 0 | -7.70 | 0 | -6.84 | 0 | 0.01 | 0.0 | -900.00 | 0 | 22.32 | 601.89 | 106.06 | 0.82 | -6.06 | 0 | 0.00 | 0 | 427.92 | 39.7 |
| 2014 (1) | -1.21 | 0 | 26.19 | 0 | -949.33 | 0 | 44.44 | 211.11 | -902.48 | 0 | -743.35 | 0 | -5.71 | 0 | -5.59 | 0 | 0.01 | 0.0 | -811.11 | 0 | 3.18 | 783.33 | 105.19 | -4.99 | -5.19 | 0 | 0.00 | 0 | 306.31 | 64.25 |
