- 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) | -0.22 | -1200.0 | 26.67 | 49.75 | 19.13 | 28.25 | -12.11 | 47.07 | 76.68 | -14.97 | -1745.05 | 51.33 | -14.97 | -1820.69 | 51.33 | -2.57 | -1935.71 | 31.1 | -0.92 | -406.67 | 44.58 | 0.08 | 14.29 | 33.33 | -6.67 | -162.28 | 70.66 | 129.49 | 9.39 | 28.82 | 100.00 | 0 | -36.36 | 25.00 | 0 | 135.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | 0.02 | 0.0 | -94.29 | 41.76 | -10.08 | -3.49 | -22.88 | 18.43 | -49.64 | 0.91 | 10.98 | -95.53 | 0.87 | 31.82 | -95.78 | 0.14 | 55.56 | -96.36 | 0.30 | 11.11 | -85.15 | 0.07 | 16.67 | -22.22 | 10.71 | 28.57 | -58.5 | 118.37 | 0.32 | 17.98 | 0.00 | 0 | 100.0 | 0.00 | 0 | -100.0 | 35.21 | -14.97 | 17.48 |
| 24Q1 (18) | 0.02 | 103.77 | 107.14 | 46.44 | 10.2 | 27.06 | -28.05 | 25.75 | -1.59 | 0.82 | 102.05 | 104.42 | 0.66 | 101.58 | 103.5 | 0.09 | 101.51 | 102.62 | 0.27 | 110.23 | 122.5 | 0.06 | -14.29 | -25.0 | 8.33 | 126.03 | 174.98 | 117.99 | -0.18 | -11.35 | 0.00 | -100.0 | -100.0 | 0.00 | -100.0 | 100.0 | 41.41 | 26.71 | 22.73 |
| 23Q4 (17) | -0.53 | -76.67 | -10.42 | 42.14 | 8.64 | 5.69 | -37.78 | 27.25 | -6.09 | -40.00 | -30.04 | -35.04 | -41.82 | -35.96 | -37.29 | -5.96 | -59.79 | -7.39 | -2.64 | -59.04 | -22.79 | 0.07 | 16.67 | -12.5 | -32.00 | -40.78 | -49.32 | 118.20 | 17.59 | -12.15 | 90.00 | -42.73 | -28.0 | 10.00 | 114.0 | 140.0 | 32.68 | -10.71 | -21.44 |
| 23Q3 (16) | -0.30 | -185.71 | -275.0 | 38.79 | -10.35 | 24.29 | -51.93 | -239.63 | -240.08 | -30.76 | -251.01 | -338.8 | -30.76 | -249.03 | -349.05 | -3.73 | -196.88 | -147.02 | -1.66 | -182.18 | -245.83 | 0.06 | -33.33 | -40.0 | -22.73 | -188.07 | 0 | 100.52 | 0.19 | -22.92 | 157.14 | 288.57 | -37.14 | -71.43 | -138.96 | 52.38 | 36.60 | 22.12 | 54.43 |
| 23Q2 (15) | 0.35 | 225.0 | 259.09 | 43.27 | 18.39 | 4.14 | -15.29 | 44.62 | 28.45 | 20.37 | 209.81 | 186.83 | 20.64 | 209.44 | 189.54 | 3.85 | 212.24 | 195.3 | 2.02 | 268.33 | 216.76 | 0.09 | 12.5 | 12.5 | 25.81 | 332.31 | 249.71 | 100.33 | -24.62 | -12.72 | -83.33 | -159.52 | -197.22 | 183.33 | 558.33 | 1183.33 | 29.97 | -11.17 | -0.6 |
| 23Q1 (14) | -0.28 | 41.67 | -366.67 | 36.55 | -8.33 | -0.46 | -27.61 | 22.47 | -693.39 | -18.55 | 37.37 | -257.42 | -18.86 | 38.08 | -642.52 | -3.43 | 38.2 | -323.46 | -1.20 | 44.19 | -531.58 | 0.08 | 0.0 | -46.67 | -11.11 | 48.16 | -510.44 | 133.10 | -1.07 | 19.23 | 140.00 | 12.0 | 110.0 | -40.00 | -60.0 | -220.0 | 33.74 | -18.89 | 83.47 |
| 22Q4 (13) | -0.48 | -500.0 | -100.0 | 39.87 | 27.75 | 46.96 | -35.61 | -133.2 | -147.64 | -29.62 | -322.54 | -122.87 | -30.46 | -344.67 | -137.41 | -5.55 | -267.55 | -32.46 | -2.15 | -347.92 | -20.79 | 0.08 | -20.0 | -46.67 | -21.43 | 0 | -148.61 | 134.54 | 3.17 | 18.53 | 125.00 | -50.0 | 25.0 | -25.00 | 83.33 | -100.0 | 41.60 | 75.53 | 136.5 |
| 22Q3 (12) | -0.08 | 63.64 | 46.67 | 31.21 | -24.89 | -3.28 | -15.27 | 28.54 | -214.85 | -7.01 | 70.12 | -13.8 | -6.85 | 70.28 | 3.39 | -1.51 | 62.62 | 37.34 | -0.48 | 72.25 | 52.48 | 0.10 | 25.0 | -41.18 | 0.00 | 100.0 | 100.0 | 130.41 | 13.45 | 14.74 | 250.00 | 191.67 | 233.33 | -150.00 | -1150.0 | -700.0 | 23.70 | -21.39 | 43.12 |
| 22Q2 (11) | -0.22 | -266.67 | 24.14 | 41.55 | 13.15 | 33.56 | -21.37 | -514.08 | 6.88 | -23.46 | -352.02 | -15.68 | -23.05 | -807.48 | -17.24 | -4.04 | -398.77 | 11.4 | -1.73 | -810.53 | 26.38 | 0.08 | -46.67 | -38.46 | -17.24 | -847.25 | -10.8 | 114.95 | 2.97 | 24.49 | 85.71 | 28.57 | -22.86 | 14.29 | -57.14 | 228.57 | 30.15 | 63.95 | 22.61 |
| 22Q1 (10) | -0.06 | 75.0 | 75.0 | 36.72 | 35.35 | 24.22 | -3.48 | 75.8 | 63.02 | -5.19 | 60.95 | 43.71 | -2.54 | 80.2 | 76.42 | -0.81 | 80.67 | 76.32 | -0.19 | 89.33 | 86.71 | 0.15 | 0.0 | 0.0 | -1.82 | 78.89 | 61.19 | 111.63 | -1.66 | 58.3 | 66.67 | -33.33 | -33.33 | 33.33 | 366.67 | 0 | 18.39 | 4.55 | -1.82 |
| 21Q4 (9) | -0.24 | -60.0 | -33.33 | 27.13 | -15.93 | 3.43 | -14.38 | -196.49 | -108.71 | -13.29 | -115.75 | -105.09 | -12.83 | -80.96 | -87.57 | -4.19 | -73.86 | -67.6 | -1.78 | -76.24 | -111.9 | 0.15 | -11.76 | 0.0 | -8.62 | -166.87 | -222.85 | 113.51 | -0.13 | -19.14 | 100.00 | 33.33 | 0.0 | -12.50 | -150.0 | 0 | 17.59 | 6.22 | 11.19 |
| 21Q3 (8) | -0.15 | 48.28 | -114.29 | 32.27 | 3.73 | -8.43 | -4.85 | 78.87 | -123.5 | -6.16 | 69.63 | -893.55 | -7.09 | 63.94 | -208.26 | -2.41 | 47.15 | -212.99 | -1.01 | 57.02 | -621.43 | 0.17 | 30.77 | 21.43 | -3.23 | 79.24 | -212.94 | 113.66 | 23.09 | -16.3 | 75.00 | -32.5 | 0 | 25.00 | 325.0 | 0 | 16.56 | -32.66 | -0.36 |
| 21Q2 (7) | -0.29 | -20.83 | 35.56 | 31.11 | 5.24 | 70.56 | -22.95 | -143.89 | -24.86 | -20.28 | -119.96 | -5.79 | -19.66 | -82.54 | -2.56 | -4.56 | -33.33 | 29.19 | -2.35 | -64.34 | -4.44 | 0.13 | -13.33 | 0.0 | -15.56 | -231.77 | -10.67 | 92.34 | 30.94 | -30.77 | 111.11 | 11.11 | 11.11 | -11.11 | 0 | -233.33 | 24.59 | 31.29 | 0 |
| 21Q1 (6) | -0.24 | -33.33 | 51.02 | 29.56 | 12.7 | 102.6 | -9.41 | -36.57 | 64.56 | -9.22 | -42.28 | 62.63 | -10.77 | -57.46 | 56.34 | -3.42 | -36.8 | 48.96 | -1.43 | -70.24 | 34.1 | 0.15 | 0.0 | 50.0 | -4.69 | -75.66 | 73.94 | 70.52 | -49.76 | -62.76 | 100.00 | 0.0 | -7.69 | -0.00 | 0 | 100.0 | 18.73 | 18.39 | -16.27 |
| 20Q4 (5) | -0.18 | -157.14 | 72.31 | 26.23 | -25.57 | 52.94 | -6.89 | -217.51 | 50.68 | -6.48 | -945.16 | 61.31 | -6.84 | -197.39 | 67.16 | -2.50 | -224.68 | 74.87 | -0.84 | -500.0 | 74.23 | 0.15 | 7.14 | -11.76 | -2.67 | -193.36 | 78.64 | 140.37 | 3.37 | -17.7 | 100.00 | 0 | 25.0 | -0.00 | 0 | -100.0 | 15.82 | -4.81 | 23.79 |
| 20Q3 (4) | -0.07 | 84.44 | 0.0 | 35.24 | 93.2 | 0.0 | -2.17 | 88.19 | 0.0 | -0.62 | 96.77 | 0.0 | -2.30 | 88.0 | 0.0 | -0.77 | 88.04 | 0.0 | -0.14 | 93.78 | 0.0 | 0.14 | 7.69 | 0.0 | 2.86 | 120.34 | 0.0 | 135.80 | 1.81 | 0.0 | 0.00 | -100.0 | 0.0 | 0.00 | -100.0 | 0.0 | 16.62 | 0 | 0.0 |
| 20Q2 (3) | -0.45 | 8.16 | 0.0 | 18.24 | 25.02 | 0.0 | -18.38 | 30.77 | 0.0 | -19.17 | 22.29 | 0.0 | -19.17 | 22.29 | 0.0 | -6.44 | 3.88 | 0.0 | -2.25 | -3.69 | 0.0 | 0.13 | 30.0 | 0.0 | -14.06 | 21.89 | 0.0 | 133.38 | -29.56 | 0.0 | 100.00 | -7.69 | 0.0 | 8.33 | 200.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.49 | 24.62 | 0.0 | 14.59 | -14.93 | 0.0 | -26.55 | -90.05 | 0.0 | -24.67 | -47.28 | 0.0 | -24.67 | -18.43 | 0.0 | -6.70 | 32.66 | 0.0 | -2.17 | 33.44 | 0.0 | 0.10 | -41.18 | 0.0 | -18.00 | -44.0 | 0.0 | 189.35 | 11.02 | 0.0 | 108.33 | 35.42 | 0.0 | -8.33 | -162.5 | 0.0 | 22.37 | 75.04 | 0.0 |
| 19Q4 (1) | -0.65 | 0.0 | 0.0 | 17.15 | 0.0 | 0.0 | -13.97 | 0.0 | 0.0 | -16.75 | 0.0 | 0.0 | -20.83 | 0.0 | 0.0 | -9.95 | 0.0 | 0.0 | -3.26 | 0.0 | 0.0 | 0.17 | 0.0 | 0.0 | -12.50 | 0.0 | 0.0 | 170.56 | 0.0 | 0.0 | 80.00 | 0.0 | 0.0 | 13.33 | 0.0 | 0.0 | 12.78 | 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) | -0.77 | 0 | 40.33 | 9.09 | -31.46 | 0 | 4.81 | 41.35 | -14.66 | 0 | -15.09 | 0 | -9.81 | 0 | -3.45 | 0 | 0.29 | -27.5 | -5.77 | 0 | 118.20 | -12.15 | 220.00 | 91.3 | -113.33 | 0 | 0.00 | 0 | 32.97 | 25.08 |
| 2022 (9) | -1.11 | 0 | 36.97 | 23.27 | -15.89 | 0 | 3.40 | 55.1 | -13.87 | 0 | -12.91 | 0 | -11.66 | 0 | -4.44 | 0 | 0.40 | -24.53 | -8.16 | 0 | 134.54 | 18.53 | 115.00 | 6.79 | -15.00 | 0 | 0.00 | 0 | 26.36 | 38.81 |
| 2021 (8) | -0.92 | 0 | 29.99 | 22.81 | -12.07 | 0 | 2.19 | 13.6 | -11.57 | 0 | -12.02 | 0 | -14.52 | 0 | -5.70 | 0 | 0.53 | 3.92 | -7.46 | 0 | 113.51 | -19.14 | 107.69 | 0.96 | -3.85 | 0 | 0.00 | 0 | 18.99 | 6.57 |
| 2020 (7) | -1.13 | 0 | 24.42 | -3.1 | -12.27 | 0 | 1.93 | -8.49 | -11.56 | 0 | -12.12 | 0 | -15.88 | 0 | -5.37 | 0 | 0.51 | 8.51 | -7.34 | 0 | 140.37 | -17.7 | 106.67 | 6.67 | -6.67 | 0 | 0.00 | 0 | 17.82 | -8.57 |
| 2019 (6) | -1.70 | 0 | 25.20 | 5.22 | -18.03 | 0 | 2.11 | 224.89 | -18.28 | 0 | -19.80 | 0 | -23.41 | 0 | -8.37 | 0 | 0.47 | 56.67 | -13.08 | 0 | 170.56 | 26.24 | 100.00 | -6.06 | 2.33 | 0 | 0.00 | 0 | 19.49 | -28.27 |
| 2018 (5) | -2.29 | 0 | 23.95 | -12.78 | -42.78 | 0 | 0.65 | 40.26 | -40.40 | 0 | -44.62 | 0 | -28.13 | 0 | -12.74 | 0 | 0.30 | -23.08 | -35.06 | 0 | 135.11 | 53.9 | 106.45 | -69.59 | -6.45 | 0 | 0.00 | 0 | 27.17 | 72.62 |
| 2017 (4) | -0.39 | 0 | 27.46 | 26.95 | -12.79 | 0 | 0.46 | 69.91 | -3.75 | 0 | -5.43 | 0 | -4.10 | 0 | -1.43 | 0 | 0.39 | -33.9 | -0.93 | 0 | 87.79 | -10.42 | 350.00 | 3672.22 | -250.00 | 0 | 0.00 | 0 | 15.74 | 89.87 |
| 2016 (3) | -2.26 | 0 | 21.63 | 7.45 | -2.32 | 0 | 0.27 | 27.52 | -26.28 | 0 | -27.60 | 0 | -33.81 | 0 | -15.48 | 0 | 0.59 | -13.24 | -24.25 | 0 | 98.00 | -15.91 | 9.28 | -92.86 | 90.72 | 0 | 0.00 | 0 | 8.29 | 44.68 |
| 2015 (2) | -0.28 | 0 | 20.13 | 12.65 | -2.75 | 0 | 0.21 | -26.5 | -2.12 | 0 | -2.73 | 0 | -3.98 | 0 | -1.03 | 0 | 0.68 | -32.0 | -0.43 | 0 | 116.54 | 1.54 | 130.00 | -86.32 | -30.00 | 0 | 0.00 | 0 | 5.73 | -9.91 |
| 2014 (1) | -0.02 | 0 | 17.87 | 0 | -2.78 | 0 | 0.29 | -5.38 | -0.32 | 0 | -0.89 | 0 | -1.95 | 0 | -0.04 | 0 | 1.00 | -1.96 | 1.45 | 0 | 114.77 | -6.58 | 950.00 | 718.06 | -850.00 | 0 | 0.00 | 0 | 6.36 | 3.92 |
