- 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) | 0.03 | 137.5 | -25.0 | 25.64 | 15.24 | 79.05 | -0.96 | 82.26 | -200.0 | 1.42 | 127.63 | -21.55 | 1.42 | 127.63 | -21.55 | 0.27 | 132.93 | -48.08 | 0.25 | 164.1 | -37.5 | 0.12 | 20.0 | -14.29 | 9.17 | 54.12 | -26.64 | 54.25 | -8.27 | -32.56 | -50.00 | -140.0 | -200.0 | 150.00 | 0 | 200.0 | 0.00 | -100.0 | -100.0 |
| 24Q2 (19) | -0.08 | 0.0 | -166.67 | 22.25 | 7.96 | 6.71 | -5.41 | 50.18 | -463.09 | -5.14 | 19.56 | -350.88 | -5.14 | 19.56 | -350.88 | -0.82 | 4.65 | -121.62 | -0.39 | 2.5 | -750.0 | 0.10 | 25.0 | -28.57 | 5.95 | -25.06 | -46.92 | 59.14 | -14.65 | -53.66 | 125.00 | -28.57 | 162.5 | -0.00 | 100.0 | -100.0 | 35.62 | -25.5 | 23.81 |
| 24Q1 (18) | -0.08 | -700.0 | -500.0 | 20.61 | 19.06 | 10.75 | -10.86 | -456.07 | -637.62 | -6.39 | -1404.08 | -879.27 | -6.39 | -1458.54 | -879.27 | -0.86 | -681.82 | -430.77 | -0.40 | -671.43 | -225.0 | 0.08 | -42.86 | -38.46 | 7.94 | -32.83 | -33.83 | 69.29 | -9.28 | -52.35 | 175.00 | -41.67 | -12.5 | -75.00 | 75.0 | 25.0 | 47.81 | 77.34 | 55.43 |
| 23Q4 (17) | -0.01 | -125.0 | -112.5 | 17.31 | 20.88 | 0.64 | 3.05 | 217.71 | -17.79 | 0.49 | -72.93 | -76.44 | -0.41 | -122.65 | -115.19 | -0.11 | -121.15 | -111.0 | 0.07 | -82.5 | -88.33 | 0.14 | 0.0 | 0.0 | 11.82 | -5.44 | 1.81 | 76.38 | -5.05 | -50.29 | 300.00 | 500.0 | 50.0 | -300.00 | -700.0 | -200.0 | 26.96 | 1.28 | 2.47 |
| 23Q3 (16) | 0.04 | 233.33 | -50.0 | 14.32 | -31.32 | -25.57 | 0.96 | -35.57 | -77.98 | 1.81 | 258.77 | -34.89 | 1.81 | 258.77 | -34.89 | 0.52 | 240.54 | -49.02 | 0.40 | 566.67 | -33.33 | 0.14 | 0.0 | 0.0 | 12.50 | 11.51 | 3.82 | 80.44 | -36.96 | -50.79 | 50.00 | 125.0 | -70.0 | 50.00 | -83.33 | 175.0 | 26.62 | -7.47 | 0.49 |
| 23Q2 (15) | -0.03 | -250.0 | 25.0 | 20.85 | 12.04 | 33.31 | 1.49 | -26.24 | 1141.67 | -1.14 | -239.02 | 26.92 | -1.14 | -239.02 | 26.92 | -0.37 | -242.31 | 26.0 | 0.06 | -81.25 | 200.0 | 0.14 | 7.69 | 16.67 | 11.21 | -6.58 | 18.37 | 127.61 | -12.24 | -21.42 | -200.00 | -200.0 | 0 | 300.00 | 400.0 | 50.0 | 28.77 | -6.47 | -6.53 |
| 23Q1 (14) | 0.02 | -75.0 | 0.0 | 18.61 | 8.2 | 13.96 | 2.02 | -45.55 | 392.68 | 0.82 | -60.58 | -9.89 | 0.82 | -69.63 | -9.89 | 0.26 | -74.0 | -18.75 | 0.32 | -46.67 | -3.03 | 0.13 | -7.14 | 0.0 | 12.00 | 3.36 | 13.42 | 145.40 | -5.38 | -10.85 | 200.00 | 0.0 | 0 | -100.00 | 0.0 | -200.0 | 30.76 | 16.91 | 12.06 |
| 22Q4 (13) | 0.08 | 0.0 | 0 | 17.20 | -10.6 | 31.1 | 3.71 | -14.91 | 889.36 | 2.08 | -25.18 | 267.74 | 2.70 | -2.88 | 2554.55 | 1.00 | -1.96 | 2600.0 | 0.60 | 0.0 | 252.94 | 0.14 | 0.0 | 7.69 | 11.61 | -3.57 | 27.72 | 153.66 | -6.0 | -9.53 | 200.00 | 20.0 | 0 | -100.00 | -50.0 | -200.0 | 26.31 | -0.68 | -10.42 |
| 22Q3 (12) | 0.08 | 300.0 | 157.14 | 19.24 | 23.02 | 63.33 | 4.36 | 3533.33 | 193.56 | 2.78 | 278.21 | 147.2 | 2.78 | 278.21 | 147.2 | 1.02 | 304.0 | 156.35 | 0.60 | 2900.0 | 222.45 | 0.14 | 16.67 | 16.67 | 12.04 | 27.14 | 173.64 | 163.46 | 0.65 | -3.23 | 166.67 | 0 | 108.33 | -66.67 | -133.33 | -433.33 | 26.49 | -13.94 | -18.69 |
| 22Q2 (11) | -0.04 | -300.0 | 71.43 | 15.64 | -4.23 | 9.52 | 0.12 | -70.73 | 103.12 | -1.56 | -271.43 | 73.51 | -1.56 | -271.43 | 73.51 | -0.50 | -256.25 | 72.83 | 0.02 | -93.94 | 103.92 | 0.12 | -7.69 | 0.0 | 9.47 | -10.49 | 76.02 | 162.40 | -0.42 | -0.72 | -0.00 | 0 | -100.0 | 200.00 | 100.0 | 500.0 | 30.78 | 12.13 | -3.87 |
| 22Q1 (10) | 0.02 | 0 | 106.67 | 16.33 | 24.47 | 1472.27 | 0.41 | 187.23 | 101.72 | 0.91 | 173.39 | 104.83 | 0.91 | 927.27 | 104.83 | 0.32 | 900.0 | 108.53 | 0.33 | 94.12 | 125.98 | 0.13 | 0.0 | 62.5 | 10.58 | 16.39 | 745.12 | 163.09 | -3.97 | 1.96 | 0.00 | 0 | -100.0 | 100.00 | 0.0 | 500.0 | 27.45 | -6.54 | -41.33 |
| 21Q4 (9) | 0.00 | 100.0 | 100.0 | 13.12 | 11.38 | 33.88 | -0.47 | 89.91 | 94.46 | -1.24 | 78.95 | 84.0 | -0.11 | 98.13 | 98.43 | -0.04 | 97.79 | 98.02 | 0.17 | 134.69 | 128.33 | 0.13 | 8.33 | 18.18 | 9.09 | 106.59 | 175.45 | 169.84 | 0.55 | 8.7 | -0.00 | -100.0 | -100.0 | 100.00 | 400.0 | 800.0 | 29.37 | -9.85 | -1.28 |
| 21Q3 (8) | -0.14 | 0.0 | -566.67 | 11.78 | -17.51 | -9.94 | -4.66 | -21.04 | -32.76 | -5.89 | 0.0 | -503.42 | -5.89 | 0.0 | -503.42 | -1.81 | 1.63 | -576.32 | -0.49 | 3.92 | -236.11 | 0.12 | 0.0 | 20.0 | 4.40 | -18.22 | -71.58 | 168.91 | 3.26 | 7.5 | 80.00 | 20.0 | 126.67 | 20.00 | -40.0 | -95.0 | 32.58 | 1.75 | -6.86 |
| 21Q2 (7) | -0.14 | 53.33 | -55.56 | 14.28 | 1300.0 | 75.21 | -3.85 | 83.88 | 69.3 | -5.89 | 68.74 | -24.26 | -5.89 | 68.74 | -24.26 | -1.84 | 50.93 | -71.96 | -0.51 | 59.84 | -88.89 | 0.12 | 50.0 | 33.33 | 5.38 | 428.05 | -52.26 | 163.58 | 2.27 | 3.28 | 66.67 | -46.67 | -77.78 | 33.33 | 233.33 | 116.67 | 32.02 | -31.57 | 0 |
| 21Q1 (6) | -0.30 | -87.5 | -11.11 | -1.19 | -112.14 | -112.03 | -23.88 | -181.6 | -98.83 | -18.84 | -143.1 | -31.66 | -18.84 | -169.53 | -31.66 | -3.75 | -85.64 | -14.33 | -1.27 | -111.67 | -16.51 | 0.08 | -27.27 | -11.11 | -1.64 | -149.7 | 0 | 159.95 | 2.37 | -3.21 | 125.00 | 9.38 | 52.78 | -25.00 | -75.0 | -237.5 | 46.79 | 57.28 | 14.65 |
| 20Q4 (5) | -0.16 | -633.33 | 40.74 | 9.80 | -25.08 | -22.04 | -8.48 | -141.6 | 23.4 | -7.75 | -630.82 | 46.48 | -6.99 | -578.77 | 51.73 | -2.02 | -631.58 | 36.08 | -0.60 | -266.67 | 42.31 | 0.11 | 10.0 | 37.5 | 3.30 | -78.68 | 0 | 156.24 | -0.56 | -3.29 | 114.29 | 138.1 | 57.14 | -14.29 | -103.57 | -178.57 | 29.75 | -14.95 | -31.28 |
| 20Q3 (4) | 0.03 | 133.33 | 0.0 | 13.08 | 60.49 | 0.0 | -3.51 | 72.01 | 0.0 | 1.46 | 130.8 | 0.0 | 1.46 | 130.8 | 0.0 | 0.38 | 135.51 | 0.0 | 0.36 | 233.33 | 0.0 | 0.10 | 11.11 | 0.0 | 15.48 | 37.36 | 0.0 | 157.12 | -0.8 | 0.0 | -300.00 | -200.0 | 0.0 | 400.00 | 300.0 | 0.0 | 34.98 | 0 | 0.0 |
| 20Q2 (3) | -0.09 | 66.67 | 0.0 | 8.15 | -17.59 | 0.0 | -12.54 | -4.41 | 0.0 | -4.74 | 66.88 | 0.0 | -4.74 | 66.88 | 0.0 | -1.07 | 67.38 | 0.0 | -0.27 | 75.23 | 0.0 | 0.09 | 0.0 | 0.0 | 11.27 | 0 | 0.0 | 158.39 | -4.15 | 0.0 | 300.00 | 266.67 | 0.0 | -200.00 | -1200.0 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | -0.27 | 0.0 | 0.0 | 9.89 | -21.32 | 0.0 | -12.01 | -8.49 | 0.0 | -14.31 | 1.17 | 0.0 | -14.31 | 1.17 | 0.0 | -3.28 | -3.8 | 0.0 | -1.09 | -4.81 | 0.0 | 0.09 | 12.5 | 0.0 | -0.00 | 0 | 0.0 | 165.25 | 2.29 | 0.0 | 81.82 | 12.5 | 0.0 | 18.18 | 0.0 | 0.0 | 40.81 | -5.73 | 0.0 |
| 19Q4 (1) | -0.27 | 0.0 | 0.0 | 12.57 | 0.0 | 0.0 | -11.07 | 0.0 | 0.0 | -14.48 | 0.0 | 0.0 | -14.48 | 0.0 | 0.0 | -3.16 | 0.0 | 0.0 | -1.04 | 0.0 | 0.0 | 0.08 | 0.0 | 0.0 | -0.00 | 0.0 | 0.0 | 161.55 | 0.0 | 0.0 | 72.73 | 0.0 | 0.0 | 18.18 | 0.0 | 0.0 | 43.29 | 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) | 0.03 | -78.57 | 17.71 | 3.21 | 1.88 | -16.44 | 9.79 | 24.31 | 0.50 | -56.52 | 0.27 | -79.55 | 0.32 | -82.42 | 0.84 | -45.1 | 0.55 | 3.77 | 11.89 | 8.29 | 76.38 | -50.29 | 400.00 | 122.22 | -300.00 | 0 | 0.13 | 0 | 28.21 | 2.03 |
| 2022 (9) | 0.14 | 0 | 17.16 | 62.96 | 2.25 | 0 | 7.88 | -15.33 | 1.15 | 0 | 1.32 | 0 | 1.82 | 0 | 1.53 | 0 | 0.53 | 23.26 | 10.98 | 136.13 | 153.66 | -9.53 | 180.00 | 87.83 | -100.00 | 0 | 0.00 | 0 | 27.65 | -18.77 |
| 2021 (8) | -0.58 | 0 | 10.53 | 2.13 | -6.66 | 0 | 9.30 | -17.05 | -6.86 | 0 | -6.54 | 0 | -7.40 | 0 | -2.07 | 0 | 0.43 | 10.26 | 4.65 | -37.83 | 169.84 | 8.7 | 95.83 | -33.91 | 4.17 | 0 | 0.13 | 0 | 34.04 | -6.48 |
| 2020 (7) | -0.49 | 0 | 10.31 | -21.42 | -8.90 | 0 | 11.21 | 14.25 | -6.19 | 0 | -5.98 | 0 | -5.96 | 0 | -1.62 | 0 | 0.39 | 2.63 | 7.48 | 388.89 | 156.24 | -3.29 | 145.00 | 63.71 | -45.00 | 0 | 0.00 | 0 | 36.40 | -7.45 |
| 2019 (6) | -0.90 | 0 | 13.12 | -21.34 | -9.62 | 0 | 9.82 | 26.72 | -10.69 | 0 | -10.69 | 0 | -10.04 | 0 | -3.40 | 0 | 0.38 | -25.49 | 1.53 | -84.1 | 161.55 | 19.84 | 88.57 | 0 | 8.57 | -98.29 | 0.12 | -0.58 | 39.33 | 22.91 |
| 2018 (5) | 0.03 | 0 | 16.68 | 33.23 | -0.74 | 0 | 7.75 | -14.55 | 0.33 | 0 | 0.30 | 0 | 0.36 | 0 | 0.72 | 0 | 0.51 | 21.43 | 9.62 | 142.32 | 134.80 | 5.94 | -300.00 | 0 | 500.00 | 0 | 0.12 | 0 | 32.00 | -17.18 |
| 2017 (4) | -0.61 | 0 | 12.52 | -32.43 | -9.49 | 0 | 9.07 | 26.6 | -6.63 | 0 | -6.63 | 0 | -6.19 | 0 | -2.25 | 0 | 0.42 | -16.0 | 3.97 | 34.12 | 127.24 | 8.19 | 147.83 | 25.08 | -43.48 | 0 | 0.00 | 0 | 38.64 | 14.12 |
| 2016 (3) | -0.57 | 0 | 18.53 | 37.77 | -6.35 | 0 | 7.16 | 9.06 | -5.49 | 0 | -5.49 | 0 | -5.48 | 0 | -2.31 | 0 | 0.50 | -3.85 | 2.96 | 480.39 | 117.61 | 40.45 | 118.18 | 22.4 | -13.64 | 0 | 0.00 | 0 | 33.86 | -2.11 |
| 2015 (2) | -0.74 | 0 | 13.45 | -23.93 | -7.17 | 0 | 6.57 | 10.3 | -7.20 | 0 | -7.22 | 0 | -6.58 | 0 | -3.41 | 0 | 0.52 | -8.77 | 0.51 | -93.7 | 83.74 | 19.14 | 96.55 | 93.1 | -0.00 | 0 | 0.00 | 0 | 34.59 | 7.89 |
| 2014 (1) | 0.11 | 0 | 17.68 | 0 | 0.68 | 0 | 5.95 | -24.53 | 1.36 | 0 | 1.03 | 0 | 1.00 | 0 | 0.82 | 0 | 0.57 | 11.76 | 8.10 | -15.45 | 70.29 | -3.77 | 50.00 | 0 | 50.00 | -83.33 | 0.00 | 0 | 32.06 | -11.26 |
