- 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) | -0.21 | -163.64 | -200.0 | 41.60 | -12.61 | 16.95 | 1.37 | -89.81 | 109.05 | -11.93 | -160.9 | -109.67 | -10.92 | -172.22 | -152.78 | -2.16 | -157.14 | -191.89 | -1.11 | -144.76 | -192.11 | 0.12 | -20.0 | 0.0 | -2.84 | -110.72 | -147.25 | 75.69 | 19.1 | 62.53 | -11.76 | -117.27 | -104.37 | 111.76 | 250.53 | 166.04 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.33 | 94.12 | 0 | 47.60 | 6.44 | 25.49 | 13.44 | 562.07 | 354.55 | 19.59 | 51.98 | 10783.33 | 15.12 | 83.27 | 3776.92 | 3.78 | 117.24 | 5300.0 | 2.48 | 100.0 | 1205.26 | 0.15 | 15.38 | 25.0 | 26.50 | 22.23 | 167.14 | 63.55 | 7.29 | 33.09 | 68.12 | 320.05 | 0 | 31.88 | -61.94 | 0 | 19.70 | -24.26 | -28.31 |
| 24Q1 (18) | 0.17 | 950.0 | 270.0 | 44.72 | 2.69 | 7.81 | 2.03 | 151.13 | 222.22 | 12.89 | 1327.62 | 466.19 | 8.25 | 1600.0 | 261.45 | 1.74 | 1840.0 | 258.18 | 1.24 | 1966.67 | 333.96 | 0.13 | 8.33 | 0.0 | 21.68 | 142.51 | 268.71 | 59.23 | -5.95 | 6.95 | 16.22 | -95.14 | 172.97 | 83.78 | 135.91 | -31.45 | 26.01 | -11.74 | -7.99 |
| 23Q4 (17) | -0.02 | 71.43 | 0.0 | 43.55 | 22.43 | 14.18 | -3.97 | 73.78 | -254.47 | -1.05 | 81.55 | -717.65 | -0.55 | 87.27 | -77.42 | -0.10 | 86.49 | -11.11 | 0.06 | 115.79 | -33.33 | 0.12 | 0.0 | -29.41 | 8.94 | 48.75 | 7.97 | 62.98 | 35.24 | -7.04 | 333.33 | 23.81 | 0 | -233.33 | -37.88 | 0 | 29.47 | -1.6 | 20.09 |
| 23Q3 (16) | -0.07 | 0 | -187.5 | 35.57 | -6.22 | -4.69 | -15.14 | -186.74 | -1801.12 | -5.69 | -3261.11 | -179.03 | -4.32 | -1207.69 | -176.87 | -0.74 | -1157.14 | -145.4 | -0.38 | -300.0 | -133.63 | 0.12 | 0.0 | -29.41 | 6.01 | -39.42 | -60.38 | 46.57 | -2.47 | -30.32 | 269.23 | 0 | 1784.62 | -169.23 | 0 | -297.44 | 29.95 | 8.99 | 27.61 |
| 23Q2 (15) | 0.00 | 100.0 | -100.0 | 37.93 | -8.56 | -3.24 | -5.28 | -938.1 | -295.56 | 0.18 | 105.11 | -97.06 | 0.39 | 107.63 | -91.84 | 0.07 | 106.36 | -94.66 | 0.19 | 135.85 | -79.79 | 0.12 | -7.69 | -29.41 | 9.92 | 68.71 | -32.1 | 47.75 | -13.78 | -27.72 | 0.00 | 100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 27.48 | -2.79 | 12.44 |
| 23Q1 (14) | -0.10 | -400.0 | -100.0 | 41.48 | 8.76 | 12.14 | 0.63 | -75.49 | 135.0 | -3.52 | -2170.59 | -590.2 | -5.11 | -1548.39 | -233.99 | -1.10 | -1122.22 | -189.47 | -0.53 | -688.89 | -231.25 | 0.13 | -23.53 | -18.75 | 5.88 | -28.99 | -28.81 | 55.38 | -18.26 | -6.07 | -22.22 | 0 | -105.56 | 122.22 | 0 | 140.74 | 28.27 | 15.2 | 5.29 |
| 22Q4 (13) | -0.02 | -125.0 | 75.0 | 38.14 | 2.2 | 20.81 | 2.57 | 188.76 | 190.49 | 0.17 | -97.64 | 104.0 | -0.31 | -105.52 | 89.42 | -0.09 | -105.52 | 88.89 | 0.09 | -92.04 | 122.5 | 0.17 | 0.0 | -10.53 | 8.28 | -45.42 | 122.58 | 67.75 | 1.38 | 39.0 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | -100.0 | 24.54 | 4.56 | -2.73 |
| 22Q3 (12) | 0.08 | 33.33 | -55.56 | 37.32 | -4.8 | -9.11 | 0.89 | -67.04 | -92.89 | 7.20 | 17.46 | -35.02 | 5.62 | 17.57 | -22.8 | 1.63 | 24.43 | -34.01 | 1.13 | 20.21 | -33.92 | 0.17 | 0.0 | -22.73 | 15.17 | 3.83 | -15.77 | 66.83 | 1.17 | 37.43 | 14.29 | -67.35 | -87.55 | 85.71 | 52.38 | 828.57 | 23.47 | -3.97 | 12.14 |
| 22Q2 (11) | 0.06 | 220.0 | -25.0 | 39.20 | 5.97 | 2.19 | 2.70 | 250.0 | -72.51 | 6.13 | 1301.96 | -14.98 | 4.78 | 412.42 | 36.96 | 1.31 | 444.74 | -4.38 | 0.94 | 687.5 | -3.09 | 0.17 | 6.25 | -26.09 | 14.61 | 76.88 | 4.66 | 66.06 | 12.04 | 3.12 | 43.75 | -89.06 | -67.92 | 56.25 | 118.75 | 254.69 | 24.44 | -8.98 | 40.3 |
| 22Q1 (10) | -0.05 | 37.5 | -600.0 | 36.99 | 17.17 | 3.85 | -1.80 | 36.62 | -145.57 | -0.51 | 88.0 | -122.08 | -1.53 | 47.78 | -1490.91 | -0.38 | 53.09 | -860.0 | -0.16 | 60.0 | -184.21 | 0.16 | -15.79 | -30.43 | 8.26 | 122.04 | -12.96 | 58.96 | 20.97 | -22.33 | 400.00 | 450.0 | 133.33 | -300.00 | -925.0 | -320.0 | 26.85 | 6.42 | 22.05 |
| 21Q4 (9) | -0.08 | -144.44 | -366.67 | 31.57 | -23.11 | -8.44 | -2.84 | -122.68 | -188.2 | -4.25 | -138.36 | -236.66 | -2.93 | -140.25 | -285.44 | -0.81 | -132.79 | -220.9 | -0.40 | -123.39 | -183.33 | 0.19 | -13.64 | -17.39 | 3.72 | -79.34 | -60.55 | 48.74 | 0.23 | -40.39 | 72.73 | -36.6 | -34.55 | 36.36 | 409.09 | 0 | 25.23 | 20.54 | 27.55 |
| 21Q3 (8) | 0.18 | 125.0 | 263.64 | 41.06 | 7.04 | 13.96 | 12.52 | 27.49 | 286.03 | 11.08 | 53.68 | 266.37 | 7.28 | 108.6 | 204.45 | 2.47 | 80.29 | 239.55 | 1.71 | 76.29 | 311.11 | 0.22 | -4.35 | 57.14 | 18.01 | 29.01 | 301.11 | 48.63 | -24.09 | -40.04 | 114.71 | -15.88 | 14.71 | -11.76 | 67.65 | 0 | 20.93 | 20.15 | -24.19 |
| 21Q2 (7) | 0.08 | 700.0 | 300.0 | 38.36 | 7.69 | 5.91 | 9.82 | 148.61 | 4363.64 | 7.21 | 212.12 | 748.24 | 3.49 | 3072.73 | 268.6 | 1.37 | 2640.0 | 320.97 | 0.97 | 410.53 | 638.89 | 0.23 | 0.0 | 35.29 | 13.96 | 47.1 | 37.0 | 64.06 | -15.61 | -19.47 | 136.36 | -20.45 | 0 | -36.36 | 49.09 | -172.73 | 17.42 | -20.82 | 0 |
| 21Q1 (6) | 0.01 | -66.67 | -93.33 | 35.62 | 3.31 | -5.82 | 3.95 | 22.67 | 1018.6 | 2.31 | -25.72 | -88.06 | 0.11 | -93.04 | -99.35 | 0.05 | -92.54 | -99.01 | 0.19 | -60.42 | -93.89 | 0.23 | 0.0 | 35.29 | 9.49 | 0.64 | -66.78 | 75.91 | -7.16 | 0.21 | 171.43 | 54.29 | 7300.0 | -71.43 | 0 | -169.77 | 22.00 | 11.22 | -14.63 |
| 20Q4 (5) | 0.03 | 127.27 | 107.69 | 34.48 | -4.3 | 0.12 | 3.22 | 147.85 | 124.07 | 3.11 | 146.7 | 109.71 | 1.58 | 122.67 | 107.68 | 0.67 | 137.85 | 112.01 | 0.48 | 159.26 | 115.19 | 0.23 | 64.29 | 43.75 | 9.43 | 110.02 | 140.39 | 81.76 | 0.81 | 19.79 | 111.11 | 11.11 | 169.23 | 0.00 | 0 | -100.0 | 19.78 | -28.36 | 0 |
| 20Q3 (4) | -0.11 | -175.0 | 0.0 | 36.03 | -0.52 | 0.0 | -6.73 | -3159.09 | 0.0 | -6.66 | -883.53 | 0.0 | -6.97 | -236.71 | 0.0 | -1.77 | -185.48 | 0.0 | -0.81 | -350.0 | 0.0 | 0.14 | -17.65 | 0.0 | 4.49 | -55.94 | 0.0 | 81.10 | 1.95 | 0.0 | 100.00 | 0 | 0.0 | -0.00 | -100.0 | 0.0 | 27.61 | 0 | 0.0 |
| 20Q2 (3) | -0.04 | -126.67 | 0.0 | 36.22 | -4.23 | 0.0 | 0.22 | 151.16 | 0.0 | 0.85 | -95.61 | 0.0 | -2.07 | -112.26 | 0.0 | -0.62 | -112.3 | 0.0 | -0.18 | -105.79 | 0.0 | 0.17 | 0.0 | 0.0 | 10.19 | -64.33 | 0.0 | 79.55 | 5.02 | 0.0 | 0.00 | 100.0 | 0.0 | 50.00 | -51.16 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.15 | 138.46 | 0.0 | 37.82 | 9.81 | 0.0 | -0.43 | 96.79 | 0.0 | 19.35 | 160.43 | 0.0 | 16.89 | 182.11 | 0.0 | 5.04 | 190.32 | 0.0 | 3.11 | 198.42 | 0.0 | 0.17 | 6.25 | 0.0 | 28.57 | 222.36 | 0.0 | 75.75 | 10.99 | 0.0 | -2.38 | -105.77 | 0.0 | 102.38 | 74.32 | 0.0 | 25.77 | 0 | 0.0 |
| 19Q4 (1) | -0.39 | 0.0 | 0.0 | 34.44 | 0.0 | 0.0 | -13.38 | 0.0 | 0.0 | -32.02 | 0.0 | 0.0 | -20.57 | 0.0 | 0.0 | -5.58 | 0.0 | 0.0 | -3.16 | 0.0 | 0.0 | 0.16 | 0.0 | 0.0 | -23.35 | 0.0 | 0.0 | 68.25 | 0.0 | 0.0 | 41.27 | 0.0 | 0.0 | 58.73 | 0.0 | 0.0 | 0.00 | 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) | -0.18 | 0 | 39.69 | 4.64 | -5.76 | 0 | 8.12 | 22.84 | -2.47 | 0 | -2.38 | 0 | -2.00 | 0 | -0.65 | 0 | 0.51 | -27.14 | 7.72 | -33.79 | 62.98 | -7.04 | 237.50 | 557.69 | -133.33 | 0 | 2.53 | -16.57 | 28.76 | 16.25 |
| 2022 (9) | 0.07 | -61.11 | 37.93 | 2.93 | 1.18 | -80.94 | 6.61 | 15.02 | 3.35 | -24.04 | 2.24 | 2.75 | 2.48 | -20.0 | 2.11 | -15.6 | 0.70 | -19.54 | 11.66 | 0.69 | 67.75 | 39.0 | 36.11 | -74.28 | 66.67 | 0 | 3.03 | -5.45 | 24.74 | 16.37 |
| 2021 (8) | 0.18 | 500.0 | 36.85 | 2.36 | 6.19 | 0 | 5.75 | -17.15 | 4.41 | -2.86 | 2.18 | -18.96 | 3.10 | -10.66 | 2.50 | -5.3 | 0.87 | 17.57 | 11.58 | -11.67 | 48.74 | -40.39 | 140.38 | 0 | -40.38 | 0 | 3.20 | -12.96 | 21.26 | -9.15 |
| 2020 (7) | 0.03 | 0 | 36.00 | -1.18 | -0.31 | 0 | 6.94 | -8.79 | 4.54 | 0 | 2.69 | 0 | 3.47 | 0 | 2.64 | 0 | 0.74 | 2.78 | 13.11 | 2575.51 | 81.76 | 19.79 | -7.32 | 0 | 107.32 | 295.38 | 3.68 | 9.5 | 23.40 | -19.03 |
| 2019 (6) | -0.57 | 0 | 36.43 | -0.52 | -6.32 | 0 | 7.61 | 89.53 | -8.63 | 0 | -5.69 | 0 | -6.43 | 0 | -3.46 | 0 | 0.72 | -8.86 | 0.49 | -81.44 | 68.25 | 40.87 | 74.29 | 226.86 | 27.14 | -64.87 | 3.36 | -8.48 | 28.90 | 3.81 |
| 2018 (5) | -0.45 | 0 | 36.62 | 14.87 | -0.58 | 0 | 4.01 | -7.35 | -2.51 | 0 | -3.36 | 0 | -3.90 | 0 | -2.25 | 0 | 0.79 | 2.6 | 2.64 | 0 | 48.45 | 5.19 | 22.73 | -77.91 | 77.27 | 0 | 3.67 | 0.25 | 27.84 | 0.94 |
| 2017 (4) | -0.81 | 0 | 31.88 | -9.82 | -8.51 | 0 | 4.33 | -33.96 | -8.29 | 0 | -9.36 | 0 | -10.01 | 0 | -6.59 | 0 | 0.77 | 48.08 | -2.41 | 0 | 46.06 | 51.76 | 102.90 | -1.98 | -2.90 | 0 | 3.66 | 0 | 27.58 | -19.83 |
| 2016 (3) | -1.52 | 0 | 35.35 | 5.15 | -27.65 | 0 | 6.56 | -3.02 | -26.43 | 0 | -28.20 | 0 | -21.83 | 0 | -14.17 | 0 | 0.52 | 1.96 | -18.08 | 0 | 30.35 | -52.4 | 104.97 | 2.69 | -4.42 | 0 | 0.00 | 0 | 34.40 | 7.23 |
| 2015 (2) | -1.51 | 0 | 33.62 | 24.2 | -20.80 | 0 | 6.76 | 35.87 | -20.26 | 0 | -21.85 | 0 | -19.91 | 0 | -10.05 | 0 | 0.51 | -25.0 | -9.70 | 0 | 63.76 | -29.71 | 102.22 | 20.88 | -2.78 | 0 | 0.00 | 0 | 32.08 | 26.15 |
| 2014 (1) | -1.55 | 0 | 27.07 | 0 | -11.72 | 0 | 4.98 | -13.57 | -13.91 | 0 | -15.23 | 0 | -20.00 | 0 | -8.79 | 0 | 0.68 | 6.25 | -5.49 | 0 | 90.71 | -3.85 | 84.57 | 0 | 15.43 | -96.17 | 0.00 | 0 | 25.43 | -4.15 |
